As filed with the SEC on July 6, 2012.
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number: 811-04556
TRANSAMERICA FUNDS
(Exact Name of Registrant as Specified in Charter)
570 Carillon Parkway, St. Petersburg, Florida 33716
(Address of Principal Executive Offices) (Zip Code)
Registrant’s Telephone Number, including Area Code: (727) 299-1800
Dennis P. Gallagher, Esq. P.O. Box 9012, Clearwater, Florida 33758-9771
(Name and Address of Agent for Service)
Date of fiscal year end: October 31
Date of reporting period: November 1, 2011 – April 30, 2012
Item 1: Report(s) to Shareholders. The Semi-Annual Report is attached.
Fund of Funds
Semi-Annual Report
April 30, 2012
www.transamericainvestments.com
Customer Service 1-888-233-4339
P.O. Box 9012 • Clearwater, FL 33758-9012
Distributor: Transamerica Capital, Inc.
Dear Fellow Shareholder,
On behalf of Transamerica Funds, we would like to thank you for your continued support and confidence in our products as we look forward to continuing to serve you and your financial adviser in the future. We value the trust you have placed in us.
This semi-annual report is provided to you with the intent of presenting a comprehensive review of the investments of each of your funds. The Securities and Exchange Commission requires that annual and semi-annual reports be sent to all shareholders, and we believe this report to be an important part of the investment process. In addition to providing a comprehensive review, this report also provides a discussion of accounting policies as well as matters presented to shareholders that may have required their vote.
We believe it is important to understand market conditions over the last six months in order to provide a context for reading this report. As the period began in November of 2011, the crisis in Europe had already driven most global asset prices down. Investors were gripped by the fear of both a European Sovereign default and a large European bank failure potentially causing a global banking crisis. In December, the European Central Bank responded by making unlimited loans available to troubled European banks. In turn, these European banks used a portion of this money to purchase Sovereign bonds. The combined effect was to significantly reduce market fear and selling pressure.
Then, in January and February of 2012, economic strength in the United States coincided with temporarily improved economic results in Asia and Europe. Relieved investors jumped back into risky assets, and as a result, equity and bond markets across the globe rallied strongly for the first two months of the year. In March and April, economic weakness in Europe and in China reasserted itself, and as a result, global equities gave up a significant portion of their gains. U.S. economics weakened slightly but remained strong relative to the rest of the world allowing U.S. equities to hold their ground. For the six month period ending April 30, 2012, the Standard & Poor’s 500® Index gained 12.77%, the Morgan Stanley Capital International—Europe, Australasia, Far East Index gained 2.71%, and the Barclays U.S. Aggregate Bond index gained 2.44%. Please keep in mind it is important to maintain a diversified portfolio as investment returns have historically been difficult to predict.
In addition to your active involvement in the investment process, we firmly believe that a financial adviser is a key resource to help you build a complete picture of your current and future financial needs. Financial advisers are familiar with the market’s history, including long-term returns and volatility of various asset classes. With your financial adviser, you can develop an investment program that incorporates factors such as your goals, your investment timeline, and your risk tolerance.
Please contact your financial adviser if you have any questions about the contents of this report, and thanks again for the confidence you have placed in us.
Sincerely,
Thomas A. Swank | Christopher A. Staples | |
President & Chief Executive Officer | Vice President & Chief Investment Officer | |
Transamerica Funds | Transamerica Funds |
Understanding Your Funds’ Expenses
(unaudited)
SHAREHOLDER EXPENSES
Fund shareholders may incur two types of costs: (1) transaction costs, including sales charges (loads) on purchases, contingent deferred sales charges on redemptions; and (2) ongoing costs, including management fees, and other fund expenses.
The following examples are intended to help you understand your ongoing costs (in dollars and cents) of investing in the funds and to compare these costs with the ongoing costs of investing in other funds.
The examples are based on an investment of $1,000 invested at November 1, 2011 and held for the entire period until April 30, 2012.
ACTUAL EXPENSES
The information in the table under the heading “Actual Expenses” provides information about actual account values and actual expenses. You may use the information in these columns, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = $8.6), then multiply the result by the number in the appropriate column for your share class titled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period. If your account is an IRA, your expenses could have included a $15 annual fee. The amount of any fee paid through your account would increase the estimate of expenses you paid during the period and decrease your ending account value.
HYPOTHETICAL EXAMPLES FOR COMPARISON PURPOSES
The information in the table under the heading “Hypothetical Expenses” provides information about hypothetical account values and hypothetical expenses based on the funds’ actual expense ratios and an assumed rate of return of 5% per year before expenses, which are not the funds’ actual returns. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in your funds and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds. As in the case of the actual expense example, if your account is subject to an IRA fee, the amount of the fee paid through your account would increase the hypothetical expenses you would have paid during the period and decrease the hypothetical ending account value.
Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges and brokerage commissions paid on purchases and sales of fund shares. Therefore, the information under the heading “Hypothetical Expenses” is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. If any of these transaction costs were included, your costs would be higher. The expenses shown in the table do not reflect any fees that may be charged to you by brokers, financial intermediaries, or other financial institutions.
Expense ratios may vary period to period because of various factors, such as an increase in expenses that are not a part of the advisory and administrative fees. Examples of such expenses are fees and expenses of trustees and their counsel, extraordinary expenses, and interest expense.
Actual Expenses | Hypothetical Expenses (B) | |||||||||||||||||||||||
Fund Name | Beginning Account Value | Ending Account Value | Expenses Paid During Period (A) | Ending Account Value | Expenses Paid During Period (A) | Annualized Expense Ratio (C) | ||||||||||||||||||
Transamerica Asset Allocation—Conservative Portfolio |
| |||||||||||||||||||||||
Class A | $ | 1,000.00 | $ | 1,054.00 | $ | 3.06 | $ | 1,021.88 | $ | 3.02 | 0.60 | % | ||||||||||||
Class B | 1,000.00 | 1,051.50 | 6.58 | 1,018.45 | 6.47 | 1.29 | ||||||||||||||||||
Class C | 1,000.00 | 1,051.90 | 6.17 | 1,018.85 | 6.07 | 1.21 | ||||||||||||||||||
Class I | 1,000.00 | 1,056.30 | 1.33 | 1,023.57 | 1.31 | 0.26 | ||||||||||||||||||
Class R | 1,000.00 | 1,053.20 | 4.65 | 1,020.34 | 4.57 | 0.91 | ||||||||||||||||||
Transamerica Asset Allocation—Growth Portfolio |
| |||||||||||||||||||||||
Class A | 1,000.00 | 1,096.70 | 3.44 | 1,021.58 | 3.32 | 0.66 | ||||||||||||||||||
Class B | 1,000.00 | 1,092.50 | 7.18 | 1,018.00 | 6.92 | 1.38 | ||||||||||||||||||
Class C | 1,000.00 | 1,092.90 | 6.66 | 1,018.50 | 6.42 | 1.28 | ||||||||||||||||||
Class I | 1,000.00 | 1,098.10 | 1.36 | 1,023.57 | 1.31 | 0.26 | ||||||||||||||||||
Class R | 1,000.00 | 1,096.50 | 4.38 | 1,020.69 | 4.22 | 0.84 | ||||||||||||||||||
Transamerica Asset Allocation—Moderate Growth Portfolio |
| |||||||||||||||||||||||
Class A | 1,000.00 | 1,081.20 | 3.16 | 1,021.83 | 3.07 | 0.61 | ||||||||||||||||||
Class B | 1,000.00 | 1,077.30 | 6.87 | 1,018.25 | 6.67 | 1.33 | ||||||||||||||||||
Class C | 1,000.00 | 1,077.40 | 6.46 | 1,018.65 | 6.27 | 1.25 | ||||||||||||||||||
Class I | 1,000.00 | 1,082.10 | 1.29 | 1,023.62 | 1.26 | 0.25 | ||||||||||||||||||
Class R | 1,000.00 | 1,079.50 | 3.98 | 1,021.03 | 3.87 | 0.77 | ||||||||||||||||||
Transamerica Asset Allocation—Moderate Portfolio |
| |||||||||||||||||||||||
Class A | 1,000.00 | 1,068.90 | 3.03 | 1,021.93 | 2.97 | 0.59 | ||||||||||||||||||
Class B | 1,000.00 | 1,063.70 | 6.72 | 1,018.35 | 6.57 | 1.31 | ||||||||||||||||||
Class C | 1,000.00 | 1,064.60 | 6.26 | 1,018.80 | 6.12 | 1.22 | ||||||||||||||||||
Class I | 1,000.00 | 1,069.40 | 1.29 | 1,023.62 | 1.26 | 0.25 | ||||||||||||||||||
Class R | 1,000.00 | 1,067.50 | 4.22 | 1,020.79 | 4.12 | 0.82 | ||||||||||||||||||
Transamerica Multi-Manager Alternative Strategies Portfolio |
| |||||||||||||||||||||||
Class A | 1,000.00 | 1,024.10 | 3.67 | 1,021.23 | 3.67 | 0.73 | ||||||||||||||||||
Class C | 1,000.00 | 1,020.90 | 6.98 | 1,017.95 | 6.97 | 1.39 | ||||||||||||||||||
Class I | 1,000.00 | 1,026.90 | 1.81 | 1,023.07 | 1.81 | 0.36 |
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 1 |
Understanding Your Funds’ Expenses (continued)
(unaudited)
Actual Expenses | Hypothetical Expenses (B) | |||||||||||||||||||||||
Fund Name | Beginning Account Value | Ending Account Value | Expenses Paid During Period (A) | Ending Account Value | Expenses Paid During Period (A) | Annualized Expense Ratio (C) | ||||||||||||||||||
Transamerica Multi-Manager International Portfolio |
| |||||||||||||||||||||||
Class A | $ | 1,000.00 | $ | 1,053.30 | $ | 3.62 | $ | 1,021.33 | $ | 3.57 | 0.71 | % | ||||||||||||
Class B | 1,000.00 | 1,049.40 | 7.39 | 1,017.65 | 7.27 | 1.45 | ||||||||||||||||||
Class C | 1,000.00 | 1,049.00 | 7.03 | 1,018.00 | 6.92 | 1.38 | ||||||||||||||||||
Class I | 1,000.00 | 1,054.10 | 1.58 | 1,023.32 | 1.56 | 0.31 |
(A) | Expenses are calculated using the funds’ annualized expense ratios (as disclosed in the table), multiplied by the average account values for the period, multiplied by the number of days in the period (182 days), and divided by the number of days in the year (366 days). |
(B) | 5% return per year before expenses. |
(C) | Expense ratios do not include expenses of the investment companies in which the funds invest. |
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 2 |
Schedules of Investments Composition
At April 30, 2012
(the following charts summarize the Schedules of Investments of the funds by asset type)
(unaudited)
Transamerica Asset Allocation—Conservative Portfolio
00000000 | ||||
Fixed Income | 56.0 | % | ||
U.S. Equity | 27.1 | |||
Tactical and Specialty | 8.3 | |||
Inflation-Protected Securities | 5.4 | |||
Global/International Equity | 3.3 | |||
Other Assets and Liabilities—Net | (0.1 | ) | ||
|
| |||
Total | 100.0 | % | ||
|
|
Transamerica Asset Allocation—Growth Portfolio
00000000 | ||||
U.S. Equity | 79.9 | % | ||
Global/International Equity | 13.7 | |||
Tactical and Specialty | 6.6 | |||
Fixed Income | 0.0 | * | ||
Other Assets and Liabilities—Net | (0.2 | ) | ||
|
| |||
Total | 100.0 | % | ||
|
|
Transamerica Asset Allocation—Moderate Growth Portfolio
00000000 | ||||
U.S. Equity | 57.9 | % | ||
Fixed Income | 18.8 | |||
Global/International Equity | 10.6 | |||
Tactical and Specialty | 10.0 | |||
Inflation-Protected Securities | 2.9 | |||
Other Assets and Liabilities—Net | (0.2 | ) | ||
|
| |||
Total | 100.0 | % | ||
|
|
Transamerica Asset Allocation—Moderate Portfolio
00000000 | ||||
U.S. Equity | 43.5 | % | ||
Fixed Income | 37.6 | |||
Tactical and Specialty | 9.1 | |||
Global/International Equity | 6.4 | |||
Inflation-Protected Securities | 3.5 | |||
Other Assets and Liabilities—Net | (0.1 | ) | ||
|
| |||
Total | 100.0 | % | ||
|
|
Transamerica Multi-Manager Alternative Strategies Portfolio
00000000 | ||||
Tactical and Specialty | 65.4 | % | ||
Fixed Income | 28.7 | |||
Inflation-Protected Securities | 5.7 | |||
Other Assets and Liabilities—Net | 0.2 | |||
|
| |||
Total | 100.0 | % | ||
|
|
Transamerica Multi-Manager International Portfolio
00000000 | ||||
Global/International Equity | 90.9 | % | ||
Tactical and Specialty | 9.3 | |||
Other Assets and Liabilities—Net | (0.2 | ) | ||
|
| |||
Total | 100.0 | % | ||
|
|
* | Amount rounds to less than 0.1% or (0.1)%. |
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 3 |
Transamerica Asset Allocation – Conservative Portfolio
SCHEDULE OF INVESTMENTS
At April 30, 2012
(unaudited)
Shares | Value (000’s) | |||||||
INVESTMENT COMPANIES—100.1%p |
| |||||||
Fixed Income—56.0% | ||||||||
Transamerica Bond | 6,830,352 | $ | 69,465 | |||||
Transamerica Core Bond | 19,459,444 | 208,800 | ||||||
Transamerica Developing Markets Debt | 1,160,521 | 12,998 | ||||||
Transamerica Emerging Markets Debt | 578,475 | 6,155 | ||||||
Transamerica Flexible Income | 1,867,727 | 17,015 | ||||||
Transamerica High Yield Bond | 3,091,892 | 29,033 | ||||||
Transamerica International Bond | 1,106,784 | 11,455 | ||||||
Transamerica Money Market | 5,356,457 | 5,356 | ||||||
Transamerica Short-Term Bond | 9,136,519 | 93,101 | ||||||
Transamerica Total Return | 19,783,123 | 209,306 | ||||||
Global/International Equity—3.3% |
| |||||||
Transamerica Developing Markets Equity | 627,615 | 7,393 | ||||||
Transamerica Emerging Markets | 336,666 | 3,761 | ||||||
Transamerica Emerging Markets Equity ‡ | 80,000 | 800 | ||||||
Transamerica International | 804,642 | 7,129 | ||||||
Transamerica International Equity | 165,390 | 2,325 | ||||||
Transamerica International Equity Opportunities | 801,582 | 5,884 | ||||||
Transamerica International Small Cap | 646,974 | 5,279 | ||||||
Transamerica International Value Opportunities | 736,805 | 6,565 | ||||||
Inflation-Protected Securities—5.4% |
| |||||||
Transamerica Real Return TIPS | 5,712,479 | 64,551 | ||||||
Tactical and Specialty—8.3% |
| |||||||
Transamerica Arbitrage Strategy | 2,058,451 | 21,058 | ||||||
Transamerica Commodity Strategy | 1,244,762 | 12,062 | ||||||
Transamerica Global Allocation | 1,993,196 | 21,806 | ||||||
Transamerica Global Macro ‡ | 1,740,386 | 10,007 | ||||||
Transamerica Global Real Estate Securities | 80,250 | 1,002 | ||||||
Transamerica Long/Short Strategy ‡ | 1,251,702 | 10,001 | ||||||
Transamerica Managed Futures Strategy | 2,438,661 | 22,923 |
Shares | Value (000’s) | |||||||
U.S. Equity—27.1% | ||||||||
Transamerica Capital Growth | 1,357,468 | $ | 15,760 | |||||
Transamerica Diversified Equity | 3,638,858 | 51,526 | ||||||
Transamerica Growth | 3,616,910 | 51,252 | ||||||
Transamerica Growth Opportunities | 1,960,546 | 18,664 | ||||||
Transamerica Large Cap Growth ‡ | 320,000 | 3,200 | ||||||
Transamerica Large Cap Value | 4,247,978 | 41,673 | ||||||
Transamerica Mid Cap Value | 623,802 | 7,698 | ||||||
Transamerica Quality Value | 4,877,625 | 55,410 | ||||||
Transamerica Select Equity | 3,632,930 | 41,270 | ||||||
Transamerica Small- & Mid-Cap Value Select | 484,111 | 4,594 | ||||||
Transamerica Small Cap Value ‡ | 260,000 | 2,600 | ||||||
Transamerica Small Company Growth ‡ | 717,065 | 8,870 | ||||||
Transamerica Value | 858,649 | 19,010 | ||||||
|
| |||||||
Total Investment Companies (cost $1,084,423) Õ | 1,186,757 | |||||||
Other Assets and Liabilities—Net | (1,218 | ) | ||||||
|
| |||||||
Net Assets | $ | 1,185,539 | ||||||
|
|
NOTES TO SCHEDULE OF INVESTMENTS (all amounts in thousands):
p | The fund invests its assets in the Class I2 shares of the affiliated series of Transamerica Funds. |
‡ | Non-income producing security. |
Õ | Aggregate cost for federal income tax purposes is $1,084,423. Aggregate gross unrealized appreciation/depreciation for all securities in which there is an excess of value over tax cost were $108,720 and $6,386, respectively. Net unrealized appreciation for tax purposes is $102,334. |
VALUATION SUMMARY (all amounts in thousands): '
Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Value at 04/30/2012 | |||||||||||||
Investment Companies | $ | 1,186,757 | $ | — | $ | — | $ | 1,186,757 |
' | See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
The notes to the financial statements are an integral part of this report. | ||||
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 4 |
Transamerica Asset Allocation – Growth Portfolio
SCHEDULE OF INVESTMENTS
At April 30, 2012
(unaudited)
Shares | Value (000’s) | |||||||
INVESTMENT COMPANIES—100.2% p |
| |||||||
Fixed Income—0.0%¥ | ||||||||
Transamerica Money Market | 60,252 | $ | 60 | |||||
Global/International Equity—13.7% |
| |||||||
Transamerica Developing Markets Equity | 6,402,761 | 75,426 | ||||||
Transamerica Emerging Markets Equity ‡ | 620,000 | 6,200 | ||||||
Transamerica Emerging Markets | 1,075,993 | 12,019 | ||||||
Transamerica International | 4,179,790 | 37,033 | ||||||
Transamerica International Equity Opportunities | 1,333,401 | 9,787 | ||||||
Transamerica International Small Cap | 3,512,910 | 28,665 | ||||||
Transamerica International Value | 1,427,017 | 9,689 | ||||||
Transamerica International Value Opportunities | 2,569,507 | 22,894 | ||||||
Tactical and Specialty—6.6% |
| |||||||
Transamerica Arbitrage Strategy | 298,933 | 3,058 | ||||||
Transamerica Commodity Strategy | 2,232,401 | 21,632 | ||||||
Transamerica Global Allocation | 1,086,901 | 11,891 | ||||||
Transamerica Global Real Estate Securities | 3,134,501 | 39,149 | ||||||
Transamerica Managed Futures Strategy | 2,329,977 | 21,902 |
Shares | Value (000’s) | |||||||
U.S. Equity—79.9% | ||||||||
Transamerica Capital Growth | 6,837,011 | $ | 79,378 | |||||
Transamerica Diversified Equity | 11,817,233 | 167,333 | ||||||
Transamerica Growth | 11,806,525 | 167,298 | ||||||
Transamerica Growth Opportunities | 5,598,985 | 53,302 | ||||||
Transamerica Large Cap Growth ‡ | 1,110,000 | 11,100 | ||||||
Transamerica Large Cap Value | 15,912,666 | 156,103 | ||||||
Transamerica Mid Cap Value | 3,914,507 | 48,305 | ||||||
Transamerica Quality Value | 18,368,638 | 208,667 | ||||||
Transamerica Select Equity | 13,941,627 | 158,377 | ||||||
Transamerica Small- & Mid-Cap Value Select | 3,281,886 | 31,145 | ||||||
Transamerica Small Cap Value ‡ | 1,640,000 | 16,400 | ||||||
Transamerica Small Company Growth ‡ | 2,333,396 | 28,864 | ||||||
Transamerica Value | 2,162,809 | 47,885 | ||||||
|
| |||||||
Total Investment Companies | 1,473,562 | |||||||
Other Assets and Liabilities—Net | (2,442 | ) | ||||||
|
| |||||||
Net Assets | $ | 1,471,120 | ||||||
|
|
NOTES TO SCHEDULE OF INVESTMENTS (all amounts in thousands):
p | The fund invests its assets in the Class I2 shares of the affiliated series of Transamerica Funds. |
‡ | Non-income producing security. |
¥ | Percentage rounds to less than 0.1%. |
Õ | Aggregate cost for federal income tax purposes is $1,222,634. Aggregate gross unrealized appreciation/depreciation for all securities in which there is an excess of value over tax cost were $259,996 and $9,068, respectively. Net unrealized appreciation for tax purposes is $250,928. |
VALUATION SUMMARY (all amounts in thousands): '
Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Value at 04/30/2012 | |||||||||||||
Investment Companies | $ | 1,473,562 | $ | — | $ | — | $ | 1,473,562 |
' | See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 5 |
Transamerica Asset Allocation – Moderate Growth Portfolio
SCHEDULE OF INVESTMENTS
At April 30, 2012
(unaudited)
Shares | Value (000’s) | |||||||
INVESTMENT COMPANIES—100.2% p |
| |||||||
Fixed Income—18.8% | ||||||||
Transamerica Bond | 5,542,054 | $ | 56,363 | |||||
Transamerica Core Bond | 15,896,828 | 170,573 | ||||||
Transamerica Developing Markets Debt | 1,229,545 | 13,771 | ||||||
Transamerica Emerging Markets Debt | 686,289 | 7,302 | ||||||
Transamerica High Yield Bond | 5,432,531 | 51,011 | ||||||
Transamerica International Bond | 2,168,179 | 22,441 | ||||||
Transamerica Short-Term Bond | 6,312 | 64 | ||||||
Transamerica Total Return | 22,801,874 | 241,244 | ||||||
Global/International Equity—10.6% |
| |||||||
Transamerica Developing Markets Equity | 5,522,723 | 65,058 | ||||||
Transamerica Emerging Markets | 2,843,280 | 31,759 | ||||||
Transamerica Emerging Markets Equity ‡ | 700,000 | 7,000 | ||||||
Transamerica International | 9,017,922 | 79,898 | ||||||
Transamerica International Equity | 1,259,798 | 17,713 | ||||||
Transamerica International Equity Opportunities | 2,603,895 | 19,113 | ||||||
Transamerica International Small Cap | 4,364,470 | 35,614 | ||||||
Transamerica International Value | 2,404,209 | 16,325 | ||||||
Transamerica International Value Opportunities | 5,116,489 | 45,588 | ||||||
Inflation-Protected Securities—2.9% |
| |||||||
Transamerica Real Return TIPS | 7,562,085 | 85,452 | ||||||
Tactical and Specialty—10.0% |
| |||||||
Transamerica Arbitrage Strategy | 2,937,708 | 30,053 | ||||||
Transamerica Commodity Strategy | 5,703,304 | 55,265 | ||||||
Transamerica Global Allocation | 6,526,933 | 71,405 | ||||||
Transamerica Global Real Estate Securities | 4,374,657 | 54,639 | ||||||
Transamerica Managed Futures Strategy | 9,495,235 | 89,255 |
Shares | Value (000’s) | |||||||
U.S. Equity—57.9% |
| |||||||
Transamerica Capital Growth | 8,519,308 | $ | 98,909 | |||||
Transamerica Diversified Equity | 17,541,431 | 248,387 | ||||||
Transamerica Growth | 17,125,447 | 242,668 | ||||||
Transamerica Growth Opportunities | 10,306,137 | 98,114 | ||||||
Transamerica Large Cap Growth ‡ | 1,580,000 | 15,800 | ||||||
Transamerica Large Cap Value | 24,319,347 | 238,573 | ||||||
Transamerica Mid Cap Value | 6,728,978 | 83,036 | ||||||
Transamerica Quality Value | 27,777,392 | 315,551 | ||||||
Transamerica Select Equity | 20,587,620 | 233,875 | ||||||
Transamerica Small- & Mid-Cap Value Select | 3,413,631 | 32,395 | ||||||
Transamerica Small Cap Value ‡ | 1,930,000 | 19,300 | ||||||
Transamerica Small Company Growth ‡ | 2,097,088 | 25,941 | ||||||
Transamerica Value | �� | 3,558,596 | 78,787 | |||||
|
| |||||||
Total Investment Companies | 2,998,242 | |||||||
Other Assets and Liabilities—Net | (4,647 | ) | ||||||
|
| |||||||
Net Assets | $ | 2,993,595 | ||||||
|
|
NOTES TO SCHEDULE OF INVESTMENTS (all amounts in thousands):
p | The fund invests its assets in the Class I2 shares of the affiliated series of Transamerica Funds. |
‡ | Non-income producing security. |
Õ | Aggregate cost for federal income tax purposes is $2,608,138. Aggregate gross unrealized appreciation/depreciation for all securities in which there is an excess of value over tax cost were $405,355 and $15,251, respectively. Net unrealized appreciation for tax purposes is $390,104. |
VALUATION SUMMARY (all amounts in thousands): '
Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Value at 04/30/2012 | |||||||||||||
Investment Companies | $ | 2,998,242 | $ | — | $ | — | $ | 2,998,242 |
' | See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 6 |
Transamerica Asset Allocation – Moderate Portfolio
SCHEDULE OF INVESTMENTS
At April 30, 2012
(unaudited)
Shares | Value (000’s) | |||||||
INVESTMENT COMPANIES—100.1% p |
| |||||||
Fixed Income—37.6% | ||||||||
Transamerica Bond | 8,877,409 | $ | 90,284 | |||||
Transamerica Core Bond | 16,600,549 | 178,124 | ||||||
Transamerica Developing Markets Debt | 1,820,444 | 20,389 | ||||||
Transamerica Emerging Markets Debt | 938,558 | 9,986 | ||||||
Transamerica Flexible Income | 4,729,812 | 43,089 | ||||||
Transamerica High Yield Bond | 3,748,516 | 35,199 | ||||||
Transamerica International Bond | 2,612,010 | 27,034 | ||||||
Transamerica Money Market | 3,987,000 | 3,987 | ||||||
Transamerica Short-Term Bond | 14,029,548 | 142,961 | ||||||
Transamerica Total Return | 25,300,365 | 267,678 | ||||||
Global/International Equity—6.4% |
| |||||||
Transamerica Developing Markets Equity | 1,915,906 | 22,569 | ||||||
Transamerica Emerging Markets | 1,139,969 | 12,733 | ||||||
Transamerica Emerging Markets Equity ‡ | 250,000 | 2,500 | ||||||
Transamerica International | 3,118,274 | 27,628 | ||||||
Transamerica International Equity | 382,863 | 5,383 | ||||||
Transamerica International Equity Opportunities | 2,719,858 | 19,964 | ||||||
Transamerica International Small Cap | 2,346,151 | 19,145 | ||||||
Transamerica International Value | 1,050,405 | 7,132 | ||||||
Transamerica International Value Opportunities | 2,424,675 | 21,604 | ||||||
Inflation-Protected Securities—3.5% |
| |||||||
Transamerica Real Return TIPS | 6,837,467 | 77,263 | ||||||
Tactical and Specialty—9.1% |
| |||||||
Transamerica Arbitrage Strategy | 3,618,239 | 37,015 | ||||||
Transamerica Commodity Strategy | 3,223,497 | 31,236 | ||||||
Transamerica Global Allocation | 4,028,951 | 44,077 | ||||||
Transamerica Global Macro ‡ | 2,380,067 | 13,685 | ||||||
Transamerica Global Real Estate Securities | 1,226,128 | 15,314 | ||||||
Transamerica Long/Short Strategy ‡ | 1,825,338 | 14,584 | ||||||
Transamerica Managed Futures Strategy | 4,549,623 | 42,766 |
Shares | Value (000’s) | |||||||
U.S. Equity—43.5% | ||||||||
Transamerica Capital Growth | 4,066,867 | $ | 47,216 | |||||
Transamerica Diversified Equity | 11,487,441 | 162,662 | ||||||
Transamerica Growth | 11,129,679 | 157,708 | ||||||
Transamerica Growth Opportunities | 5,507,832 | 52,435 | ||||||
Transamerica Large Cap Growth ‡ | 990,000 | 9,900 | ||||||
Transamerica Large Cap Value | 12,172,049 | 119,408 | ||||||
Transamerica Mid Cap Value | 2,919,130 | 36,022 | ||||||
Transamerica Quality Value | 14,039,835 | 159,493 | ||||||
Transamerica Select Equity | 10,339,387 | 117,455 | ||||||
Transamerica Small- & Mid-Cap Value Select | 2,058,056 | 19,531 | ||||||
Transamerica Small Cap Value ‡ | 1,170,000 | 11,700 | ||||||
Transamerica Small Company Growth ‡ | 1,308,486 | 16,186 | ||||||
Transamerica Value | 1,718,085 | 38,038 | ||||||
|
| |||||||
Total Investment Companies | 2,181,083 | |||||||
Other Assets and Liabilities—Net | (1,717 | ) | ||||||
|
| |||||||
Net Assets | $ | 2,179,366 | ||||||
|
|
NOTES TO SCHEDULE OF INVESTMENTS (all amounts in thousands):
p | The fund invests its assets in the Class I2 shares of the affiliated series of Transamerica Funds. |
‡ | Non-income producing security. |
Õ | Aggregate cost for federal income tax purposes is $1,949,464. Aggregate gross unrealized appreciation/depreciation for all securities in which there is an excess of value over tax cost were $249,383 and $17,764, respectively. Net unrealized appreciation for tax purposes is $231,619. |
VALUATION SUMMARY (all amounts in thousands): '
Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Value at 04/30/2012 | |||||||||||||
Investment Companies | $ | 2,181,083 | $ | — | $ | — | $ | 2,181,083 |
' | See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 7 |
Transamerica Multi-Manager Alternative Strategies Portfolio
SCHEDULE OF INVESTMENTS
At April 30, 2012
(unaudited)
Shares | Value (000’s) | |||||||
INVESTMENT COMPANIES—99.8% p |
| |||||||
Fixed Income—28.7% | ||||||||
Transamerica Bond | 6,503,620 | $ | 66,143 | |||||
Transamerica Developing Markets Debt | 1,895,718 | 21,232 | ||||||
Transamerica Emerging Markets Debt | 848,085 | 9,024 | ||||||
Transamerica High Yield Bond | 3,576,207 | 33,580 | ||||||
Transamerica Money Market | 2,073,149 | 2,073 | ||||||
Transamerica Short-Term Bond | 36,975 | 377 | ||||||
Inflation-Protected Securities—5.7% |
| |||||||
Transamerica Real Return TIPS | 2,323,811 | 26,259 | ||||||
Tactical and Specialty—65.4% |
| |||||||
Transamerica Arbitrage Strategy | 4,359,633 | 44,599 | ||||||
Transamerica Commodity Strategy | 3,778,556 | 36,614 | ||||||
Transamerica Global Allocation | 4,622,234 | 50,567 | ||||||
Transamerica Global Macro ‡ | 7,389,535 | 42,490 | ||||||
Transamerica Global Real Estate Securities | 2,520,367 | 31,479 | ||||||
Transamerica Long/Short Strategy ‡ | 5,600,527 | 44,748 | ||||||
Transamerica Managed Futures Strategy | 5,493,636 | 51,640 | ||||||
|
| |||||||
Total Investment Companies (cost $471,802) Õ | 460,825 | |||||||
Other Assets and Liabilities—Net | 869 | |||||||
|
| |||||||
Net Assets | $ | 461,694 | ||||||
|
|
NOTES TO SCHEDULE OF INVESTMENTS (all amounts in thousands):
p | The fund invests its assets in the Class I2 shares of the affiliated series of Transamerica Funds. |
‡ | Non-income producing security. |
Õ | Aggregate cost for federal income tax purposes is $471,802. Aggregate gross unrealized appreciation/depreciation for all securities in which there is an excess of value over tax cost were $7,615 and $18,592, respectively. Net unrealized depreciation for tax purposes is $10,977. |
VALUATION SUMMARY (all amounts in thousands): '
Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Value at 04/30/2012 | |||||||||||||
Investment Companies | $ | 460,825 | $ | — | $ | — | $ | 460,825 |
' | See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 8 |
Transamerica Multi-Manager International Portfolio
SCHEDULE OF INVESTMENTS
At April 30, 2012
(unaudited)
Shares | Value (000’s) | |||||||
INVESTMENT COMPANIES—100.2% p |
| |||||||
Global/International Equity—90.9% |
| |||||||
Transamerica Developing Markets Equity | 2,624,148 | $ | 30,912 | |||||
Transamerica Emerging Markets | 1,475,187 | 16,478 | ||||||
Transamerica Emerging Markets Equity ‡ | 350,000 | 3,500 | ||||||
Transamerica International | 4,712,525 | 41,753 | ||||||
Transamerica International Equity | 907,792 | 12,764 | ||||||
Transamerica International Equity Opportunities | 5,637,249 | 41,377 | ||||||
Transamerica International Small Cap | 2,411,826 | 19,681 | ||||||
Transamerica International Value | 3,275,183 | 22,238 | ||||||
Transamerica International Value Opportunities | 4,550,328 | 40,543 | ||||||
Tactical and Specialty—9.3% |
| |||||||
Transamerica Global Allocation | 1,400,255 | 15,319 | ||||||
Transamerica Global Real Estate Securities | 659,956 | 8,243 | ||||||
|
| |||||||
Total Investment Companies (cost $268,868) Õ | 252,808 | |||||||
Other Assets and Liabilities—Net | (597 | ) | ||||||
|
| |||||||
Net Assets | $ | 252,211 | ||||||
|
|
NOTES TO SCHEDULE OF INVESTMENTS (all amounts in thousands):
p | The fund invests its assets in the Class I2 shares of the affiliated series of Transamerica Funds. |
‡ | Non-income producing security. |
Õ | Aggregate cost for federal income tax purposes is $268,868. Aggregate gross unrealized appreciation/depreciation for all securities in which there is an excess of value over tax cost were $9,376 and $25,436, respectively. Net unrealized depreciation for tax purposes is $16,060. |
VALUATION SUMMARY (all amounts in thousands): '
Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Value at 04/30/2012 | |||||||||||||
Investment Companies | $ | 252,808 | $ | — | $ | — | $ | 252,808 |
' | See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 9 |
STATEMENTS OF ASSETS AND LIABILITIES
At April 30, 2012
(all amounts except per share amounts in thousands)
(unaudited)
Transamerica Asset Allocation— Conservative Portfolio | Transamerica Asset Allocation— Growth Portfolio | Transamerica Asset Allocation— Moderate Growth Portfolio | Transamerica Asset Allocation— Moderate Portfolio | Transamerica Multi-Manager Alternative Strategies Portfolio | Transamerica Multi-Manager International Portfolio | |||||||||||||||||||
Assets: | ||||||||||||||||||||||||
Investments in affiliated investment companies, at value | $ | 1,186,757 | $ | 1,473,562 | $ | 2,998,242 | $ | 2,181,083 | $ | 460,825 | $ | 252,808 | ||||||||||||
Receivables: | ||||||||||||||||||||||||
Affiliated investment securities sold | 7,577 | 35,262 | 42,756 | 24,512 | — | 3,576 | ||||||||||||||||||
Shares of beneficial interest sold | 2,095 | 2,017 | 3,719 | 4,426 | 2,061 | 329 | ||||||||||||||||||
Dividends | 133 | — | (A) | — | (A) | 204 | — | (A) | — | |||||||||||||||
Prepaid expenses | 1 | 1 | 2 | 2 | 1 | — | (A) | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
$ | 1,196,563 | $ | 1,510,842 | $ | 3,044,719 | $ | 2,210,227 | $ | 462,887 | $ | 256,713 | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Liabilities: | ||||||||||||||||||||||||
Accounts payable and accrued liabilities: | ||||||||||||||||||||||||
Affiliated investment securities purchased | $ | 6,600 | $ | 33,700 | $ | 42,100 | $ | 24,100 | $ | 138 | $ | 3,500 | ||||||||||||
Shares of beneficial interest redeemed | 3,411 | 4,619 | 6,313 | 4,885 | 715 | 742 | ||||||||||||||||||
Management and advisory fees | 100 | 125 | 254 | 184 | 78 | 21 | ||||||||||||||||||
Distribution and service fees | 692 | 854 | 1,784 | 1,281 | 165 | 128 | ||||||||||||||||||
Trustees fees | 7 | 8 | 17 | 12 | 2 | 1 | ||||||||||||||||||
Transfer agent fees | 100 | 237 | 342 | 189 | 23 | 39 | ||||||||||||||||||
Administration fees | 18 | 22 | 44 | 32 | 7 | 4 | ||||||||||||||||||
Other | 96 | 157 | 270 | 178 | 65 | 67 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
$ | 11,024 | $ | 39,722 | $ | 51,124 | $ | 30,861 | $ | 1,193 | $ | 4,502 | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets | $ | 1,185,539 | $ | 1,471,120 | $ | 2,993,595 | $ | 2,179,366 | $ | 461,694 | $ | 252,211 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets consist of: | ||||||||||||||||||||||||
Shares of beneficial interest, unlimited shares authorized, no par value | 1,092,144 | 1,440,995 | 2,868,561 | 1,994,218 | 479,229 | 351,748 | ||||||||||||||||||
Undistributed (accumulated) net investment income (loss) | 434 | (2,950 | ) | (326 | ) | 3,599 | 689 | (793 | ) | |||||||||||||||
Accumulated net realized loss from investments in affiliated investment companies | (9,373 | ) | (217,853 | ) | (264,744 | ) | (50,070 | ) | (7,247 | ) | (82,684 | ) | ||||||||||||
Net unrealized appreciation (depreciation) on investments in affiliated investment companies | 102,334 | 250,928 | 390,104 | 231,619 | (10,977 | ) | (16,060 | ) | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets | $ | 1,185,539 | $ | 1,471,120 | $ | 2,993,595 | $ | 2,179,366 | $ | 461,694 | $ | 252,211 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets by class: | ||||||||||||||||||||||||
Class A | $ | 497,356 | $ | 638,107 | $ | 1,226,443 | $ | 898,162 | $ | 166,809 | $ | 104,049 | ||||||||||||
Class B | 72,271 | 127,314 | 251,614 | 133,379 | 12,058 | |||||||||||||||||||
Class C | 594,405 | 685,359 | 1,479,401 | 1,108,437 | 145,083 | 106,453 | ||||||||||||||||||
Class I | 19,263 | 18,508 | 30,659 | 34,685 | 149,802 | 29,651 | ||||||||||||||||||
Class R | 2,244 | 1,832 | 5,478 | 4,703 | ||||||||||||||||||||
Shares outstanding: | ||||||||||||||||||||||||
Class A | 42,899 | 51,244 | 99,746 | 74,009 | 17,228 | 11,218 | ||||||||||||||||||
Class B | 6,269 | 10,434 | 20,430 | 10,948 | 1,304 | |||||||||||||||||||
Class C | 51,641 | 56,251 | 120,717 | 91,708 | 15,081 | 11,527 | ||||||||||||||||||
Class I | 1,658 | 1,486 | 2,495 | 2,859 | 15,465 | 3,202 | ||||||||||||||||||
Class R | 192 | 148 | 447 | 389 | ||||||||||||||||||||
Net asset value per share: | ||||||||||||||||||||||||
Class A | $ | 11.59 | $ | 12.45 | $ | 12.30 | $ | 12.14 | $ | 9.68 | $ | 9.28 | ||||||||||||
Class B | 11.53 | 12.20 | 12.32 | 12.18 | 9.25 | |||||||||||||||||||
Class C | 11.51 | 12.18 | 12.26 | 12.09 | 9.62 | 9.24 | ||||||||||||||||||
Class I | 11.62 | 12.45 | 12.29 | 12.13 | 9.69 | 9.26 | ||||||||||||||||||
Class R | 11.67 | 12.37 | 12.25 | 12.09 | ||||||||||||||||||||
Maximum offering price per share: (B) | ||||||||||||||||||||||||
Class A | $ | 12.26 | $ | 13.17 | $ | 13.02 | $ | 12.85 | $ | 10.24 | $ | 9.82 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Investments in affiliated investment companies, at cost | $ | 1,084,423 | $ | 1,222,634 | $ | 2,608,138 | $ | 1,949,464 | $ | 471,802 | $ | 268,868 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
(A) | Amount rounds to less than $1. |
(B) | Includes the maximum selling commission (represented as a percentage of offering price) which is reduced on certain levels of sales as set forth in the Prospectus. Net asset value per share for Classes B,C,I, and R shares represents offering price. The redemption price for Classes B and C shares equals net asset value less any applicable contingent deferred sales charge. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 10 |
STATEMENTS OF OPERATIONS
For the period ended April 30, 2012
(all amounts in thousands)
(unaudited)
Transamerica Asset Allocation —Conservative Portfolio | Transamerica Asset Allocation —Growth Portfolio | Transamerica Asset Allocation —Moderate Growth Portfolio | Transamerica Asset Allocation —Moderate Portfolio | Transamerica Multi-Manager Alternative Strategies Portfolio | Transamerica Multi-Manager International Portfolio | |||||||||||||||||||
Investment income: | ||||||||||||||||||||||||
Dividend income from affiliated investment companies | $ | 21,950 | $ | 12,580 | $ | 37,914 | $ | 35,068 | $ | 8,954 | $ | 5,718 | ||||||||||||
Expenses: | ||||||||||||||||||||||||
Management and advisory | 582 | 718 | 1,464 | 1,066 | 442 | 128 | ||||||||||||||||||
Distribution and service: | ||||||||||||||||||||||||
Class A | 813 | 1,021 | 1,973 | 1,459 | 277 | 178 | ||||||||||||||||||
Class B | 375 | 659 | 1,314 | 700 | 61 | |||||||||||||||||||
Class C | 2,909 | 3,352 | 7,244 | 5,399 | 708 | 546 | ||||||||||||||||||
Class R | 6 | 8 | 14 | 12 | ||||||||||||||||||||
Transfer agent: | ||||||||||||||||||||||||
Class A | 313 | 562 | 807 | 512 | 124 | 95 | ||||||||||||||||||
Class B | 54 | 157 | 252 | 122 | 23 | |||||||||||||||||||
Class C | 208 | 470 | 776 | 441 | 98 | 102 | ||||||||||||||||||
Class I | 10 | 10 | 14 | 17 | 75 | 16 | ||||||||||||||||||
Class R | 3 | 3 | 4 | 5 | ||||||||||||||||||||
Printing and shareholder reports | 40 | 77 | 133 | 82 | 24 | 21 | ||||||||||||||||||
Custody | 22 | 25 | 46 | 35 | 8 | 7 | ||||||||||||||||||
Administration | 83 | 102 | 208 | 151 | 32 | 18 | ||||||||||||||||||
Legal | 19 | 24 | 48 | 35 | 7 | 4 | ||||||||||||||||||
Audit and tax | 8 | 9 | 10 | 9 | 8 | 9 | ||||||||||||||||||
Trustees | 11 | 13 | 28 | 20 | 4 | 3 | ||||||||||||||||||
Registration | 51 | 53 | 66 | 61 | 28 | 58 | ||||||||||||||||||
Other | 10 | 13 | 25 | 18 | 4 | 3 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total expenses | 5,517 | 7,276 | 14,426 | 10,144 | 1,839 | 1,272 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Reimbursement of class expenses Class B | — | — | — | — | (7 | ) | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||||||
Total reimbursed expenses | — | — | — | — | — | (7 | ) | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net expenses | 5,517 | 7,276 | 14,426 | 10,144 | 1,839 | 1,265 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net investment income | 16,433 | 5,304 | 23,488 | 24,924 | 7,115 | 4,453 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net realized and unrealized gain (loss) on investments in affiliated investment companies: | ||||||||||||||||||||||||
Realized gain (loss) from investments in affiliate investment companies | 1,169 | (10,587 | ) | (11,655 | ) | 5,603 | (1,548 | ) | (9,262 | ) | ||||||||||||||
Realized gain distributions from investments in affiliated investment companies | 20,300 | 46,165 | 78,419 | 49,672 | 4,370 | 20,778 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net realized gain | 21,469 | 35,578 | 66,764 | 55,275 | 2,822 | 11,516 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Increase (decrease) in unrealized appreciation (depreciation) on investments in affiliated investment companies | 22,607 | 89,476 | 131,702 | 57,093 | 721 | (4,123 | ) | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net realized and change in unrealized gain on investments in affiliated investment companies | 44,076 | 125,054 | 198,466 | 112,368 | 3,543 | 7,393 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net increase in net assets resulting from operations | $ | 60,509 | $ | 130,358 | $ | 221,954 | $ | 137,292 | $ | 10,658 | $ | 11,846 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 11 |
STATEMENTS OF CHANGES IN NET ASSETS
For the period or year ended:
(all amounts in thousands)
Transamerica Asset Allocation— | Transamerica Asset Allocation— | Transamerica Asset Allocation— | ||||||||||||||||||||||
Conservative Portfolio | Growth Portfolio | Moderate Growth Portfolio | ||||||||||||||||||||||
April 30, 2012 | April 30, 2012 | April 30, 2012 | ||||||||||||||||||||||
(unaudited) | October 31, 2011 | (unaudited) | October 31, 2011 | (unaudited) | October 31, 2011 | |||||||||||||||||||
From operations: | ||||||||||||||||||||||||
Net investment income | $ | 16,433 | $ | 27,617 | $ | 5,304 | $ | 3,963 | $ | 23,488 | $ | 39,736 | ||||||||||||
Net realized gain (loss) on investments in affiliated investment companies | 21,469 | 11,302 | 35,578 | (34,168 | ) | 66,764 | (57,374 | ) | ||||||||||||||||
Net change in unrealized appreciation (depreciation) on investments in affiliated investment companies | 22,607 | (16,757 | ) | 89,476 | 57,335 | 131,702 | 48,265 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net increase in net assets resulting from operations | 60,509 | 22,162 | 130,358 | 27,130 | 221,954 | 30,627 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions to shareholders: | ||||||||||||||||||||||||
From net investment income: | ||||||||||||||||||||||||
Class A | (7,524 | ) | (12,895 | ) | (6,830 | ) | (2,961 | ) | (16,911 | ) | (17,502 | ) | ||||||||||||
Class B | (977 | ) | (2,083 | ) | (369 | ) | — | (1,425 | ) | (2,633 | ) | |||||||||||||
Class C | (7,626 | ) | (12,537 | ) | (3,104 | ) | — | (10,880 | ) | (13,326 | ) | |||||||||||||
Class I | (260 | ) | (351 | ) | (225 | ) | (118 | ) | (422 | ) | (311 | ) | ||||||||||||
Class R | (33 | ) | (70 | ) | (28 | ) | (15 | ) | (65 | ) | (75 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
(16,420 | ) | (27,936 | ) | (10,556 | ) | (3,094 | ) | (29,703 | ) | (33,847 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Capital share transactions: | ||||||||||||||||||||||||
Proceeds from shares sold: | ||||||||||||||||||||||||
Class A | 45,100 | 120,880 | 34,134 | 109,105 | 58,292 | 207,685 | ||||||||||||||||||
Class B | 1,818 | 4,193 | 1,557 | 4,441 | 2,263 | 7,642 | ||||||||||||||||||
Class C | 53,306 | 128,569 | 27,280 | 90,581 | 72,194 | 220,453 | ||||||||||||||||||
Class I | 6,448 | 8,692 | 6,166 | 6,839 | 9,741 | 14,825 | ||||||||||||||||||
Class R | 526 | 1,155 | 367 | 1,067 | 1,169 | 2,072 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
107,198 | 263,489 | 69,504 | 212,033 | 143,659 | 452,677 | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Dividends and distributions reinvested: | ||||||||||||||||||||||||
Class A | 7,035 | 11,905 | 6,503 | 2,805 | 16,007 | 16,525 | ||||||||||||||||||
Class B | 797 | 1,667 | 342 | — | 1,327 | 2,389 | ||||||||||||||||||
Class C | 5,926 | 9,441 | 2,625 | — | 8,889 | 10,584 | ||||||||||||||||||
Class I | 152 | 124 | 150 | 69 | 270 | 141 | ||||||||||||||||||
Class R | 24 | 51 | 24 | 12 | 54 | 54 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
13,934 | 23,188 | 9,644 | 2,886 | 26,547 | 29,693 | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Cost of shares redeemed: | ||||||||||||||||||||||||
Class A | (68,614 | ) | (142,522 | ) | (77,385 | ) | (170,151 | ) | (139,130 | ) | (276,893 | ) | ||||||||||||
Class B | (7,903 | ) | (23,572 | ) | (13,121 | ) | (35,823 | ) | (24,805 | ) | (70,998 | ) | ||||||||||||
Class C | (64,912 | ) | (158,188 | ) | (84,138 | ) | (194,816 | ) | (166,780 | ) | (367,790 | ) | ||||||||||||
Class I | (3,054 | ) | (4,425 | ) | (3,750 | ) | (5,399 | ) | (4,321 | ) | (7,575 | ) | ||||||||||||
Class R | (820 | ) | (1,850 | ) | (2,532 | ) | (1,180 | ) | (1,394 | ) | (2,206 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
(145,303 | ) | (330,557 | ) | (180,926 | ) | (407,369 | ) | (336,430 | ) | (725,462 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Automatic conversions: | ||||||||||||||||||||||||
Class A | 5,871 | 15,890 | 13,617 | 15,759 | 28,962 | 40,728 | ||||||||||||||||||
Class B | (5,871 | ) | (15,890 | ) | (13,617 | ) | (15,759 | ) | (28,962 | ) | (40,728 | ) | ||||||||||||
|
|
|
|
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|
|
|
|
|
|
| |||||||||||||
— | — | — | — | — | — | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net decrease in net assets resulting from capital shares transactions | (24,171 | ) | (43,880 | ) | (101,778 | ) | (192,450 | ) | (166,224 | ) | (243,092 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net increase (decrease) in net assets | 19,918 | (49,654 | ) | 18,024 | (168,414 | ) | 26,027 | (246,312 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets: | ||||||||||||||||||||||||
Beginning of period/year | $ | 1,165,621 | $ | 1,215,275 | $ | 1,453,096 | $ | 1,621,510 | $ | 2,967,568 | $ | 3,213,880 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
End of period/year | $ | 1,185,539 | $ | 1,165,621 | $ | 1,471,120 | $ | 1,453,096 | $ | 2,993,595 | $ | 2,967,568 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Undistributed (accumulated) net investment income (loss) | $ | 434 | $ | 421 | $ | (2,950 | ) | $ | 2,302 | $ | (326 | ) | $ | 5,889 | ||||||||||
|
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|
|
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|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 12 |
STATEMENTS OF CHANGES IN NET ASSETS (continued)
For the period or year ended:
(all amounts in thousands)
Transamerica Asset Allocation— | Transamerica Asset Allocation— | Transamerica Asset Allocation— | ||||||||||||||||||||||
Conservative Portfolio | Growth Portfolio | Moderate Growth Portfolio | ||||||||||||||||||||||
April 30, 2012 (unaudited) | October 31, 2011 | April 30, 2012 (unaudited) | October 31, 2011 | April 30, 2012 (unaudited) | October 31, 2011 | |||||||||||||||||||
Share activity: | ||||||||||||||||||||||||
Shares issued: | ||||||||||||||||||||||||
Class A | 3,999 | 10,680 | 2,880 | 9,083 | 4,931 | 17,330 | ||||||||||||||||||
Class B | 163 | 374 | 135 | 378 | 193 | 639 | ||||||||||||||||||
Class C | 4,769 | 11,414 | 2,352 | 7,687 | 6,124 | 18,447 | ||||||||||||||||||
Class I | 565 | 767 | 515 | 567 | 817 | 1,247 | ||||||||||||||||||
Class R | 46 | 101 | 31 | 90 | 99 | 173 | ||||||||||||||||||
|
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|
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| |||||||||||||
9,542 | 23,336 | 5,913 | 17,805 | 12,164 | 37,836 | |||||||||||||||||||
|
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|
|
|
|
|
|
|
|
|
| |||||||||||||
Shares issued-reinvested from distributions: | ||||||||||||||||||||||||
Class A | 643 | 1,065 | 608 | 237 | 1,471 | 1,409 | ||||||||||||||||||
Class B | 73 | 150 | 32 | — | 121 | 203 | ||||||||||||||||||
Class C | 545 | 850 | 250 | — | 818 | 905 | ||||||||||||||||||
Class I | 14 | 11 | 14 | 6 | 24 | 12 | ||||||||||||||||||
Class R | 2 | 5 | 2 | 1 | 5 | 5 | ||||||||||||||||||
|
|
|
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|
|
|
|
|
|
| |||||||||||||
1,277 | 2,081 | 906 | 244 | 2,439 | 2,534 | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Shares redeemed: | ||||||||||||||||||||||||
Class A | (6,078 | ) | (12,591 | ) | (6,549 | ) | (14,322 | ) | (11,831 | ) | (23,275 | ) | ||||||||||||
Class B | (705 | ) | (2,085 | ) | (1,132 | ) | (3,055 | ) | (2,101 | ) | (5,948 | ) | ||||||||||||
Class C | (5,787 | ) | (14,060 | ) | (7,306 | ) | (16,611 | ) | (14,230 | ) | (30,978 | ) | ||||||||||||
Class I | (268 | ) | (393 | ) | (313 | ) | (454 | ) | (368 | ) | (640 | ) | ||||||||||||
Class R | (72 | ) | (161 | ) | (212 | ) | (98 | ) | (119 | ) | (185 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
(12,910 | ) | (29,290 | ) | (15,512 | ) | (34,540 | ) | (28,649 | ) | (61,026 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Automatic conversions: | ||||||||||||||||||||||||
Class A | 521 | 1,400 | 1,156 | 1,322 | 2,463 | 3,431 | ||||||||||||||||||
Class B | (523 | ) | (1,407 | ) | (1,180 | ) | (1,353 | ) | (2,462 | ) | (3,438 | ) | ||||||||||||
|
|
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|
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|
|
|
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| |||||||||||||
(2 | ) | (7 | ) | (24 | ) | (31 | ) | 1 | (7 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net increase (decrease) in shares outstanding: | ||||||||||||||||||||||||
Class A | (915 | ) | 554 | (1,905 | ) | (3,680 | ) | (2,966 | ) | (1,105 | ) | |||||||||||||
Class B | (992 | ) | (2,968 | ) | (2,145 | ) | (4,030 | ) | (4,249 | ) | (8,544 | ) | ||||||||||||
Class C | (473 | ) | (1,796 | ) | (4,704 | ) | (8,924 | ) | (7,288 | ) | (11,626 | ) | ||||||||||||
Class I | 311 | 385 | 216 | 119 | 473 | 619 | ||||||||||||||||||
Class R | (24 | ) | (55 | ) | (179 | ) | (7 | ) | (15 | ) | (7 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
(2,093 | ) | (3,880 | ) | (8,717 | ) | (16,522 | ) | (14,045 | ) | (20,663 | ) | |||||||||||||
|
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|
|
|
|
|
|
|
|
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 13 |
STATEMENTS OF CHANGES IN NET ASSETS (continued)
For the period or year ended:
(all amounts in thousands)
Transamerica Asset Allocation— | Transamerica Multi-Manager | Transamerica Multi-Manager | ||||||||||||||||||||||
Moderate Portfolio | Alternative Strategies Portfolio | International Portfolio | ||||||||||||||||||||||
April 30, 2012 (unaudited) | October 31, 2011 | April 30, 2012 (unaudited) | October 31, 2011 | April 30, 2012 (unaudited) | October 31, 2011 | |||||||||||||||||||
From operations: | ||||||||||||||||||||||||
Net investment income | $ | 24,924 | $ | 42,880 | $ | 7,115 | $ | 4,715 | $ | 4,453 | $ | 1,659 | ||||||||||||
Net realized gain (loss) on investments in affiliated investment companies | 55,275 | (12,582 | ) | 2,822 | 515 | 11,516 | 185 | |||||||||||||||||
Net change in unrealized appreciation (depreciation) on investments in affiliated investment companies | 57,093 | 10,813 | 721 | (12,134 | ) | (4,123 | ) | (24,184 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net increase (decrease) in net assets resulting from operations | 137,292 | 41,111 | 10,658 | (6,904 | ) | 11,846 | (22,340 | ) | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions to shareholders: | ||||||||||||||||||||||||
From net investment income: | ||||||||||||||||||||||||
Class A | (17,705 | ) | (17,338 | ) | (3,927 | ) | (884 | ) | (3,129 | ) | (1,063 | ) | ||||||||||||
Class B | (1,546 | ) | (2,599 | ) | (241 | ) | (2 | ) | ||||||||||||||||
Class C | (14,760 | ) | (16,101 | ) | (2,403 | ) | (101 | ) | (2,300 | ) | (264 | ) | ||||||||||||
Class I | (618 | ) | (434 | ) | (3,398 | ) | (428 | ) | (853 | ) | (367 | ) | ||||||||||||
Class R | (83 | ) | (83 | ) | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
(34,712 | ) | (36,555 | ) | (9,728 | ) | (1,413 | ) | (6,523 | ) | (1,696 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Capital share transactions: | ||||||||||||||||||||||||
Proceeds from shares sold: | ||||||||||||||||||||||||
Class A | 60,765 | 184,563 | 39,529 | 108,121 | 9,237 | 37,207 | ||||||||||||||||||
Class B | 1,552 | 4,936 | 134 | 588 | ||||||||||||||||||||
Class C | 71,058 | 200,075 | 18,504 | 62,110 | 4,183 | 18,319 | ||||||||||||||||||
Class I | 11,730 | 15,868 | 59,961 | 118,372 | 9,977 | 21,249 | ||||||||||||||||||
Class R | 1,883 | 2,487 | ||||||||||||||||||||||
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|
|
|
|
|
|
|
|
|
| |||||||||||||
146,988 | 407,929 | 117,994 | 288,603 | 23,531 | 77,363 | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Dividends and distributions reinvested: | ||||||||||||||||||||||||
Class A | 16,590 | 16,143 | 3,362 | 777 | 2,856 | 961 | ||||||||||||||||||
Class B | 1,400 | 2,297 | 209 | 2 | ||||||||||||||||||||
Class C | 11,685 | 12,286 | 2,026 | 82 | 1,783 | 197 | ||||||||||||||||||
Class I | 403 | 225 | 2,236 | 240 | 315 | 93 | ||||||||||||||||||
Class R | 54 | 49 | ||||||||||||||||||||||
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|
|
|
|
|
|
|
|
|
| |||||||||||||
30,132 | 31,000 | 7,624 | 1,099 | 5,163 | 1,253 | |||||||||||||||||||
|
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|
|
|
|
|
|
|
|
|
| |||||||||||||
Cost of shares redeemed: | ||||||||||||||||||||||||
Class A | (113,718 | ) | (216,548 | ) | (47,763 | ) | (62,089 | ) | (28,414 | ) | (45,790 | ) | ||||||||||||
Class B | (13,107 | ) | (41,778 | ) | (1,704 | ) | (3,842 | ) | ||||||||||||||||
Class C | (116,402 | ) | (267,702 | ) | (17,452 | ) | (32,869 | ) | (19,975 | ) | (35,689 | ) | ||||||||||||
Class I | (5,139 | ) | (7,433 | ) | (33,084 | ) | (29,816 | ) | (9,762 | ) | (18,017 | ) | ||||||||||||
Class R | (2,765 | ) | (1,514 | ) | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
(251,131 | ) | (534,975 | ) | (98,299 | ) | (124,774 | ) | (59,855 | ) | (103,338 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Automatic conversions: | ||||||||||||||||||||||||
Class A | 16,116 | 35,441 | — | — | 266 | 746 | ||||||||||||||||||
Class B | (16,116 | ) | (35,441 | ) | (266 | ) | (746 | ) | ||||||||||||||||
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|
|
|
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|
|
| |||||||||||||
— | — | — | — | — | — | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net increase (decrease) in net assets resulting from capital shares transactions | (74,011 | ) | (96,046 | ) | 27,319 | 164,928 | (31,161 | ) | (24,722 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net increase (decrease) in net assets | 28,569 | (91,490 | ) | 28,249 | 156,611 | (25,838 | ) | (48,758 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets: | ||||||||||||||||||||||||
Beginning of period/year | $ | 2,150,797 | $ | 2,242,287 | $ | 433,445 | $ | 276,834 | $ | 278,049 | $ | 326,807 | ||||||||||||
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|
|
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|
| |||||||||||||
End of period/year | $ | 2,179,366 | $ | 2,150,797 | $ | 461,694 | $ | 433,445 | $ | 252,211 | $ | 278,049 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Undistributed (accumulated) net investment income (loss) | $ | 3,599 | $ | 13,387 | $ | 689 | $ | 3,302 | $ | (793 | ) | $ | 1,277 | |||||||||||
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|
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|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 14 |
STATEMENTS OF CHANGES IN NET ASSETS (continued)
For the period or year ended:
(all amounts in thousands)
Transamerica Asset Allocation— | Transamerica Multi-Manager | Transamerica Multi-Manager | ||||||||||||||||||||||
Moderate Portfolio | Alternative Strategies Portfolio | International Portfolio | ||||||||||||||||||||||
April 30, 2012 (unaudited) | October 31, 2011 | April 30, 2012 (unaudited) | October 31, 2011 | April 30, 2012 (unaudited) | October 31, 2011 | |||||||||||||||||||
Share activity: | ||||||||||||||||||||||||
Shares issued: | ||||||||||||||||||||||||
Class A | 5,184 | 15,643 | 4,128 | 10,915 | 1,030 | 3,714 | ||||||||||||||||||
Class B | 132 | 418 | 15 | 60 | ||||||||||||||||||||
Class C | 6,082 | 17,023 | 1,945 | 6,315 | 481 | 1,838 | ||||||||||||||||||
Class I | 996 | 1,341 | 6,263 | 11,963 | 1,110 | 2,122 | ||||||||||||||||||
Class R | 161 | 214 | ||||||||||||||||||||||
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| |||||||||||||
12,555 | 34,639 | 12,336 | 29,193 | 2,636 | 7,734 | |||||||||||||||||||
|
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|
|
|
|
|
|
|
|
|
| |||||||||||||
Shares issued-reinvested from distributions: | ||||||||||||||||||||||||
Class A | 1,507 | 1,400 | 364 | 79 | 358 | 97 | ||||||||||||||||||
Class B | 126 | 198 | 26 | — | (A) | |||||||||||||||||||
Class C | 1,063 | 1,069 | 221 | 9 | 224 | 20 | ||||||||||||||||||
Class I | 36 | 19 | 243 | 25 | 40 | 9 | ||||||||||||||||||
Class R | 5 | 4 | ||||||||||||||||||||||
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|
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|
|
|
|
| |||||||||||||
2,737 | 2,690 | 828 | 113 | 648 | 126 | |||||||||||||||||||
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|
|
|
|
|
|
|
|
|
| |||||||||||||
Shares redeemed: | ||||||||||||||||||||||||
Class A | (9,708 | ) | (18,400 | ) | (4,993 | ) | (6,308 | ) | (3,182 | ) | (4,678 | ) | ||||||||||||
Class B | (1,115 | ) | (3,537 | ) | (192 | ) | (393 | ) | ||||||||||||||||
Class C | (9,987 | ) | (22,830 | ) | (1,836 | ) | (3,354 | ) | (2,263 | ) | (3,634 | ) | ||||||||||||
Class I | (438 | ) | (633 | ) | (3,460 | ) | (3,036 | ) | (1,104 | ) | (1,821 | ) | ||||||||||||
Class R | (237 | ) | (129 | ) | ||||||||||||||||||||
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|
|
|
|
|
|
|
|
|
| |||||||||||||
(21,485 | ) | (45,529 | ) | (10,289 | ) | (12,698 | ) | (6,741 | ) | (10,526 | ) | |||||||||||||
|
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|
|
|
|
|
|
|
|
|
| |||||||||||||
Automatic conversions: | ||||||||||||||||||||||||
Class A | 1,376 | 3,007 | — | — | 30 | 75 | ||||||||||||||||||
Class B | (1,372 | ) | (3,007 | ) | (30 | ) | (75 | ) | ||||||||||||||||
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| |||||||||||||
4 | — | — | — | — | — | |||||||||||||||||||
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|
|
|
|
|
|
| |||||||||||||
Net increase (decrease) in shares outstanding: | ||||||||||||||||||||||||
Class A | (1,641 | ) | 1,650 | (501 | ) | 4,686 | (1,764 | ) | (792 | ) | ||||||||||||||
Class B | (2,229 | ) | (5,928 | ) | (181 | ) | (408 | ) | ||||||||||||||||
Class C | (2,842 | ) | (4,738 | ) | 330 | 2,970 | (1,558 | ) | (1,776 | ) | ||||||||||||||
Class I | 594 | 727 | 3,046 | 8,952 | 46 | 310 | ||||||||||||||||||
Class R | (71 | ) | 89 | |||||||||||||||||||||
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|
|
|
|
|
| |||||||||||||
(6,189 | ) | (8,200 | ) | 2,875 | 16,608 | (3,457 | ) | (2,666 | ) | |||||||||||||||
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|
|
|
|
|
|
|
|
|
(A) | Amount rounds to less than $1. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 15 |
FINANCIAL HIGHLIGHTS
For the period or years ended:
Transamerica Asset Allocation—Conservative Portfolio | ||||||||||||||||||||||||
Class A | ||||||||||||||||||||||||
For a share outstanding throughout each period | April 30, 2012 (unaudited) | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | October 31, 2007 | ||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 11.17 | $ | 11.22 | $ | 10.42 | $ | 8.99 | $ | 12.40 | $ | 11.76 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
From net investment income(A),(B) | 0.18 | 0.30 | 0.35 | 0.40 | 0.36 | 0.38 | ||||||||||||||||||
From net realized and unrealized gain (loss) on affiliated investments | 0.41 | (0.06 | ) | 0.83 | 1.46 | (3.21 | ) | 0.82 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total from investment operations | 0.59 | 0.24 | 1.18 | 1.86 | (2.85 | ) | 1.20 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.17 | ) | (0.29 | ) | (0.38 | ) | (0.43 | ) | (0.32 | ) | (0.24 | ) | ||||||||||||
Net realized gains on affiliated investments | — | — | — | — | (0.24 | ) | (0.32 | ) | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total distributions | (0.17 | ) | (0.29 | ) | (0.38 | ) | (0.43 | ) | (0.56 | ) | (0.56 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 11.59 | $ | 11.17 | $ | 11.22 | $ | 10.42 | $ | 8.99 | $ | 12.40 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total return(C) | 5.40 | %(D) | 2.20 | % | 11.59 | % | 21.76 | % | (23.86 | )% | 12.06 | % | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets end of period/year (000’s) | $ | 497,356 | $ | 489,240 | $ | 485,473 | $ | 360,558 | $ | 268,516 | $ | 242,342 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets:(E) | ||||||||||||||||||||||||
After reimbursement/recapture | 0.60 | %(F) | 0.62 | % | 0.63 | % | 0.65 | % | 0.62 | % | 0.62 | % | ||||||||||||
Before reimbursement/recapture | 0.60 | %(F) | 0.62 | % | 0.63 | % | 0.65 | % | 0.62 | % | 0.62 | % | ||||||||||||
Net investment income, to average net assets(B) | 3.18 | %(F) | 2.63 | % | 3.28 | % | 4.27 | % | 3.22 | % | 3.18 | % | ||||||||||||
Portfolio turnover rate(G) | 13 | %(D) | 31 | % | 16 | % | 27 | % | 10 | % | 32 | % | ||||||||||||
Transamerica Asset Allocation—Conservative Portfolio | ||||||||||||||||||||||||
Class B | ||||||||||||||||||||||||
For a share outstanding throughout each period | April 30, 2012 (unaudited) | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | October 31, 2007 | ||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 11.11 | $ | 11.17 | $ | 10.38 | $ | 8.97 | $ | 12.36 | $ | 11.73 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Investment operations | ||||||||||||||||||||||||
From net investment income(A),(B) | 0.14 | 0.24 | 0.30 | 0.35 | 0.31 | 0.30 | ||||||||||||||||||
From net realized and unrealized gain (loss) on affiliated investments | 0.42 | (0.07 | ) | 0.80 | 1.45 | (3.22 | ) | 0.86 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total from investment operations | 0.56 | 0.17 | 1.10 | 1.80 | (2.91 | ) | 1.16 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.14 | ) | (0.23 | ) | (0.31 | ) | (0.39 | ) | (0.24 | ) | (0.21 | ) | ||||||||||||
Net realized gains on affiliated investments | — | — | — | — | (0.24 | ) | (0.32 | ) | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total distributions | (0.14 | ) | (0.23 | ) | (0.31 | ) | (0.39 | ) | (0.48 | ) | (0.53 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 11.53 | $ | 11.11 | $ | 11.17 | $ | 10.38 | $ | 8.97 | $ | 12.36 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total return(C) | 5.15 | %(D) | 1.50 | % | 10.82 | % | 21.01 | % | (24.36 | )% | 11.34 | % | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets end of period/year (000’s) | $ | 72,271 | $ | 80,696 | $ | 114,303 | $ | 111,706 | $ | 93,268 | $ | 116,569 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets:(E) | ||||||||||||||||||||||||
After reimbursement/recapture | 1.29 | %(F) | 1.27 | % | 1.26 | % | 1.28 | % | 1.24 | % | 1.25 | % | ||||||||||||
Before reimbursement/recapture | 1.29 | %(F) | 1.27 | % | 1.26 | % | 1.28 | % | 1.24 | % | 1.25 | % | ||||||||||||
Net investment income, to average net | 2.53 | %(F) | 2.08 | % | 2.81 | % | 3.71 | % | 2.72 | % | 2.59 | % | ||||||||||||
Portfolio turnover rate(G) | 13 | %(D) | 31 | % | 16 | % | 27 | % | 10 | % | 32 | % |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 16 |
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
Transamerica Asset Allocation—Conservative Portfolio | ||||||||||||||||||||||||
Class C | ||||||||||||||||||||||||
For a share outstanding throughout each period | April 30, 2012 (unaudited) | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | October 31, 2007 | ||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 11.09 | $ | 11.16 | $ | 10.37 | $ | 8.96 | $ | 12.35 | $ | 11.73 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Investment operations | ||||||||||||||||||||||||
From net investment income(A),(B) | 0.14 | 0.23 | 0.29 | 0.34 | 0.29 | 0.30 | ||||||||||||||||||
From net realized and unrealized gain (loss) on affiliated investments | 0.43 | (0.06 | ) | 0.82 | 1.46 | (3.19 | ) | 0.86 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total from investment operations | 0.57 | 0.17 | 1.11 | 1.80 | (2.90 | ) | 1.16 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.15 | ) | (0.24 | ) | (0.32 | ) | (0.39 | ) | (0.25 | ) | (0.22 | ) | ||||||||||||
Net realized gains on affiliated investments | — | — | — | — | (0.24 | ) | (0.32 | ) | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total distributions | (0.15 | ) | (0.24 | ) | (0.32 | ) | (0.39 | ) | (0.49 | ) | (0.54 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 11.51 | $ | 11.09 | $ | 11.16 | $ | 10.37 | $ | 8.96 | $ | 12.35 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total return(C) | 5.19 | %(D) | 1.50 | % | 10.92 | % | 21.09 | % | (24.30 | )% | 11.31 | % | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets end of period/year (000’s) | $ | 594,405 | $ | 578,193 | $ | 601,625 | $ | 488,315 | $ | 364,153 | $ | 336,981 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets:(E) | ||||||||||||||||||||||||
After reimbursement/recapture | 1.21 | %(F) | 1.21 | % | 1.22 | % | 1.23 | % | 1.22 | % | 1.22 | % | ||||||||||||
Before reimbursement/recapture | 1.21 | %(F) | 1.21 | % | 1.22 | % | 1.23 | % | 1.22 | % | 1.22 | % | ||||||||||||
Net investment income, to average net assets(B) | 2.55 | %(F) | 2.04 | % | 2.75 | % | 3.69 | % | 2.61 | % | 2.60 | % | ||||||||||||
Portfolio turnover rate(G) | 13 | %(D) | 31 | % | 16 | % | 27 | % | 10 | % | 32 | % |
Transamerica Asset Allocation—Conservative Portfolio | ||||||||||||
Class I | ||||||||||||
For a share outstanding throughout each period | April 30, 2012 (unaudited) | October 31, 2011 | October 31, 2010(H) | |||||||||
Net asset value | ||||||||||||
Beginning of period/year | $ | 11.19 | $ | 11.24 | $ | 10.69 | ||||||
|
|
|
|
|
| |||||||
Investment operations | ||||||||||||
From net investment income(A),(B) | 0.19 | 0.32 | 0.22 | |||||||||
From net realized and unrealized gain (loss) on affiliated investments | 0.43 | (0.04 | ) | 0.75 | ||||||||
|
|
|
|
|
| |||||||
Total from investment operations | 0.62 | 0.28 | 0.97 | |||||||||
|
|
|
|
|
| |||||||
Distributions | ||||||||||||
Net investment income | (0.19 | ) | (0.33 | ) | (0.42 | ) | ||||||
Net asset value | ||||||||||||
End of period/year | $ | 11.62 | $ | 11.19 | $ | 11.24 | ||||||
|
|
|
|
|
| |||||||
Total return(C) | 5.63 | %(D) | 2.52 | % | 9.39 | %(D) | ||||||
|
|
|
|
|
| |||||||
Net assets end of period/year (000’s) | $ | 19,263 | $ | 15,067 | $ | 10,813 | ||||||
|
|
|
|
|
| |||||||
Ratio and supplemental data | ||||||||||||
Expenses to average net assets:(E) | ||||||||||||
After reimbursement/recapture | 0.26 | %(F) | 0.26 | % | 0.28 | %(F) | ||||||
Before reimbursement/recapture | 0.26 | %(F) | 0.26 | % | 0.28 | %(F) | ||||||
Net investment income, to average net assets(B) | 3.38 | %(F) | 2.83 | % | 2.24 | %(F) | ||||||
Portfolio turnover rate(G) | 13 | %(D) | 31 | % | 16 | %(D) |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 17 |
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
Transamerica Asset Allocation—Conservative Portfolio | ||||||||||||||||||||||||
Class R | ||||||||||||||||||||||||
For a share outstanding throughout each period | April 30, 2012 (unaudited) | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | October 31, 2007 | ||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 11.24 | $ | 11.29 | $ | 10.49 | $ | 9.05 | $ | 12.47 | $ | 11.84 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Investment operations | ||||||||||||||||||||||||
From net investment income(A),(B) | 0.17 | 0.28 | 0.27 | 0.37 | 0.35 | 0.33 | ||||||||||||||||||
From net realized and unrealized gain (loss) on affiliated investments | 0.42 | (0.07 | ) | 0.88 | 1.49 | (3.23 | ) | 0.85 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total from investment operations | 0.59 | 0.21 | 1.15 | 1.86 | (2.88 | ) | 1.18 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.16 | ) | (0.26 | ) | (0.35 | ) | (0.42 | ) | (0.30 | ) | (0.23 | ) | ||||||||||||
Net realized gains on affiliated investments | — | — | — | — | (0.24 | ) | (0.32 | ) | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total distributions | (0.16 | ) | (0.26 | ) | (0.35 | ) | (0.42 | ) | (0.54 | ) | (0.55 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 11.67 | $ | 11.24 | $ | 11.29 | $ | 10.49 | $ | 9.05 | $ | 12.47 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total return(C) | 5.32 | %(D) | 1.90 | % | 11.23 | % | 21.59 | % | (23.98 | )% | 11.89 | % | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets end of period/year (000’s) | $ | 2,244 | $ | 2,425 | $ | 3,061 | $ | 1,509 | $ | 1,089 | $ | 645 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets:(E) | ||||||||||||||||||||||||
After reimbursement/recapture | 0.91 | %(F) | 0.90 | % | 0.88 | % | 0.89 | % | 0.82 | % | 0.86 | % | ||||||||||||
Before reimbursement/recapture | 0.91 | %(F) | 0.90 | % | 0.88 | % | 0.89 | % | 0.82 | % | 0.86 | % | ||||||||||||
Net investment income, to average net assets(B) | 2.95 | %(F) | 2.50 | % | 2.56 | % | 3.97 | % | 3.14 | % | 2.71 | % | ||||||||||||
Portfolio turnover rate(G) | 13 | %(D) | 31 | % | 16 | % | 27 | % | 10 | % | 32 | % | ||||||||||||
Transamerica Asset Allocation—Growth Portfolio | ||||||||||||||||||||||||
Class A | ||||||||||||||||||||||||
For a share outstanding throughout each period | April 30, 2012 (unaudited) | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | October 31, 2007 | ||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 11.49 | $ | 11.36 | $ | 9.92 | $ | 8.87 | $ | 15.46 | $ | 13.44 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Investment operations | ||||||||||||||||||||||||
From net investment income(A),(B) | 0.06 | 0.07 | 0.05 | 0.12 | 0.15 | 0.23 | ||||||||||||||||||
From net realized and unrealized gain (loss) on affiliated investments | 1.03 | 0.11 | 1.48 | 1.12 | (6.29 | ) | 2.53 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total from investment operations | 1.09 | 0.18 | 1.53 | 1.24 | (6.14 | ) | 2.76 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.13 | ) | (0.05 | ) | (0.09 | ) | (0.19 | ) | (0.02 | ) | (0.29 | ) | ||||||||||||
Net realized gains on affiliated investments | — | — | — | — | (0.43 | ) | (0.45 | ) | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total distributions | (0.13 | ) | (0.05 | ) | (0.09 | ) | (0.19 | ) | (0.45 | ) | (0.74 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 12.45 | $ | 11.49 | $ | 11.36 | $ | 9.92 | $ | 8.87 | $ | 15.46 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total return(C) | 9.67 | %(D) | 1.59 | % | 15.55 | % | 14.46 | % | (40.75 | )% | 21.35 | % | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets end of period/year (000’s) | $ | 638,107 | $ | 610,951 | $ | 645,459 | $ | 574,500 | $ | 495,257 | $ | 781,872 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets:(E) | ||||||||||||||||||||||||
After reimbursement/recapture | 0.66 | %(F) | 0.67 | % | 0.68 | % | 0.73 | % | 0.65 | % | 0.64 | % | ||||||||||||
Before reimbursement/recapture | 0.66 | %(F) | 0.67 | % | 0.68 | % | 0.73 | % | 0.65 | % | 0.64 | % | ||||||||||||
Net investment income, to average net assets(B) | 1.10 | %(F) | 0.58 | % | 0.45 | % | 1.41 | % | 1.20 | % | 1.62 | % | ||||||||||||
Portfolio turnover rate(G) | 12 | %(D) | 30 | % | 10 | % | 47 | % | 12 | % | 18 | % |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 18 |
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
Transamerica Asset Allocation—Growth Portfolio | ||||||||||||||||||||||||
Class B | ||||||||||||||||||||||||
For a share outstanding throughout each period | April 30, 2012 (unaudited) | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | October 31, 2007 | ||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 11.20 | $ | 11.09 | $ | 9.70 | $ | 8.63 | $ | 15.13 | $ | 13.17 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Investment operations | ||||||||||||||||||||||||
From net investment income (loss)(A),(B) | 0.02 | — | (I) | (0.02 | ) | 0.07 | 0.08 | 0.14 | ||||||||||||||||
From net realized and unrealized gain (loss) on affiliated investments | 1.01 | 0.11 | 1.44 | 1.10 | (6.15 | ) | 2.47 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total from investment operations | 1.03 | 0.11 | 1.42 | 1.17 | (6.07 | ) | 2.61 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.03 | ) | — | (0.03 | ) | (0.10 | ) | — | (0.20 | ) | ||||||||||||||
Net realized gains on affiliated investments | — | — | — | — | (0.43 | ) | (0.45 | ) | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total distributions | (0.03 | ) | — | (0.03 | ) | (0.10 | ) | (0.43 | ) | (0.65 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 12.20 | $ | 11.20 | $ | 11.09 | $ | 9.70 | $ | 8.63 | $ | 15.13 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total return(C) | 9.25 | %(D) | 0.99 | % | 14.65 | % | 13.78 | % | (41.15 | )% | 20.54 | % | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets end of period/year (000’s) | $ | 127,314 | $ | 140,909 | $ | 184,263 | $ | 192,054 | $ | 196,817 | $ | 368,186 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets:(E) | ||||||||||||||||||||||||
After reimbursement/recapture | 1.38 | %(F) | 1.36 | % | 1.35 | % | 1.40 | % | 1.30 | % | 1.29 | % | ||||||||||||
Before reimbursement/recapture | 1.38 | %(F) | 1.36 | % | 1.35 | % | 1.40 | % | 1.30 | % | 1.29 | % | ||||||||||||
Net investment income (loss), to average net assets(B) | 0.39 | %(F) | (0.02 | )% | (0.18 | )% | 0.84 | % | 0.67 | % | 1.02 | % | ||||||||||||
Portfolio turnover rate(G) | 12 | %(D) | 30 | % | 10 | % | 47 | % | 12 | % | 18 | % | ||||||||||||
Transamerica Asset Allocation—Growth Portfolio | ||||||||||||||||||||||||
Class C | ||||||||||||||||||||||||
For a share outstanding throughout each period | April 30, 2012 (unaudited) | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | October 31, 2007 | ||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 11.20 | $ | 11.09 | $ | 9.69 | $ | 8.64 | $ | 15.13 | $ | 13.18 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Investment operations | ||||||||||||||||||||||||
From net investment income (loss)(A),(B) | 0.03 | — | (I) | (0.01 | ) | 0.08 | 0.08 | 0.14 | ||||||||||||||||
From net realized and unrealized gain (loss) on affiliated investments | 1.00 | 0.11 | 1.45 | 1.08 | (6.14 | ) | 2.48 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total from investment operations | 1.03 | 0.11 | 1.44 | 1.16 | (6.06 | ) | 2.62 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.05 | ) | — | (0.04 | ) | (0.11 | ) | — | (0.22 | ) | ||||||||||||||
Net realized gains on affiliated investments | — | — | — | — | (0.43 | ) | (0.45 | ) | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total distributions | (0.05 | ) | — | (0.04 | ) | (0.11 | ) | (0.43 | ) | (0.67 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 12.18 | $ | 11.20 | $ | 11.09 | $ | 9.69 | $ | 8.64 | $ | 15.13 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total return(C) | 9.29 | %(D) | 0.99 | % | 14.86 | % | 13.72 | % | (41.08 | )% | 20.60 | % | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets end of period/year (000’s) | $ | 685,359 | $ | 682,872 | $ | 774,914 | $ | 763,086 | $ | 751,881 | $ | 1,270,635 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets:(E) | ||||||||||||||||||||||||
After reimbursement/recapture | 1.28 | %(F) | 1.29 | % | 1.29 | % | 1.33 | % | 1.26 | % | 1.25 | % | ||||||||||||
Before reimbursement/recapture | 1.28 | %(F) | 1.29 | % | 1.29 | % | 1.33 | % | 1.26 | % | 1.25 | % | ||||||||||||
Net investment income (loss), to average net assets(B) | 0.47 | %(F) | — | %(J) | (0.12 | )% | 0.90 | % | 0.62 | % | 1.03 | % | ||||||||||||
Portfolio turnover rate(G) | 12 | %(D) | 30 | % | 10 | % | 47 | % | 12 | % | 18 | % |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 19 |
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
Transamerica Asset Allocation—Growth Portfolio | ||||||||||||
Class I | ||||||||||||
For a share outstanding throughout each period | April 30, 2012 (unaudited) | October 31, 2011 | October 31, 2010(H) | |||||||||
Net asset value | ||||||||||||
Beginning of period/year | $ | 11.53 | $ | 11.39 | $ | 10.35 | ||||||
|
|
|
|
|
| |||||||
Investment operations | ||||||||||||
From net investment income (loss)(A),(B) | 0.08 | 0.11 | (0.02 | ) | ||||||||
From net realized and unrealized gain on affiliated investments | 1.02 | 0.13 | 1.20 | |||||||||
|
|
|
|
|
| |||||||
Total from investment operations | 1.10 | 0.24 | 1.18 | |||||||||
|
|
|
|
|
| |||||||
Distributions | ||||||||||||
Net investment income | (0.18 | ) | (0.10 | ) | (0.14 | ) | ||||||
Net asset value | ||||||||||||
End of period/year | $ | 12.45 | $ | 11.53 | $ | 11.39 | ||||||
|
|
|
|
|
| |||||||
Total return(C) | 9.81 | %(D) | 2.10 | % | 11.57 | %(D) | ||||||
|
|
|
|
|
| |||||||
Net assets end of period/year (000’s) | $ | 18,508 | $ | 14,642 | $ | 13,112 | ||||||
|
|
|
|
|
| |||||||
Ratio and supplemental data | ||||||||||||
Expenses to average net assets:(E) | ||||||||||||
After reimbursement/recapture | 0.26 | %(F) | 0.27 | % | 0.30 | %(F) | ||||||
Before reimbursement/recapture | 0.26 | %(F) | 0.27 | % | 0.30 | %(F) | ||||||
Net investment income (loss), to average net assets(B) | 1.34 | %(F) | 0.93 | % | (0.15 | )%(F) | ||||||
Portfolio turnover rate(G) | 12 | %(D) | 30 | % | 10 | %(D) |
Transamerica Asset Allocation—Growth Portfolio | ||||||||||||||||||||||||
Class R | ||||||||||||||||||||||||
For a share outstanding throughout each period | April 30, 2012 (unaudited) | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | October 31, 2007 | ||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 11.39 | $ | 11.27 | $ | 9.85 | $ | 8.84 | $ | 15.40 | $ | 13.43 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Investment operations | ||||||||||||||||||||||||
From net investment income(A),(B) | 0.05 | 0.05 | 0.01 | 0.10 | 0.07 | 0.13 | ||||||||||||||||||
From net realized and unrealized gain (loss) on affiliated investments | 1.03 | 0.11 | 1.49 | 1.12 | (6.20 | ) | 2.60 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total from investment operations | 1.08 | 0.16 | 1.50 | 1.22 | (6.13 | ) | 2.73 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.10 | ) | (0.04 | ) | (0.08 | ) | (0.21 | ) | — | (0.31 | ) | |||||||||||||
Net realized gains on affiliated investments | — | — | — | — | (0.43 | ) | (0.45 | ) | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total distributions | (0.10 | ) | (0.04 | ) | (0.08 | ) | (0.21 | ) | (0.43 | ) | (0.76 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 12.37 | $ | 11.39 | $ | 11.27 | $ | 9.85 | $ | 8.84 | $ | 15.40 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total return(C) | 9.65 | %(D) | 1.45 | % | 15.35 | % | 14.35 | % | (40.81 | )% | 21.20 | % | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets end of period/year (000’s) | $ | 1,832 | $ | 3,722 | $ | 3,762 | $ | 2,704 | $ | 1,570 | $ | 884 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets:(E) | ||||||||||||||||||||||||
After reimbursement/recapture | 0.84 | %(F) | 0.82 | % | 0.84 | % | 0.85 | % | 0.83 | % | 0.68 | % | ||||||||||||
Before reimbursement/recapture | 0.84 | %(F) | 0.82 | % | 0.84 | % | 0.85 | % | 0.83 | % | 0.68 | % | ||||||||||||
Net investment income, to average net assets(B) | 0.85 | %(F) | 0.44 | % | 0.15 | % | 1.09 | % | 0.57 | % | 0.94 | % | ||||||||||||
Portfolio turnover rate(G) | 12 | %(D) | 30 | % | 10 | % | 47 | % | 12 | % | 18 | % |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 20 |
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
Transamerica Asset Allocation—Moderate Growth Portfolio | ||||||||||||||||||||||||
Class A | ||||||||||||||||||||||||
April 30, 2012 | October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||||||||||
For a share outstanding throughout each period | (unaudited) | 2011 | 2010 | 2009 | 2008 | 2007 | ||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 11.55 | $ | 11.59 | $ | 10.39 | $ | 9.20 | $ | 14.58 | $ | 13.05 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Investment operations | ||||||||||||||||||||||||
From net investment income(A),(B) | 0.12 | 0.19 | 0.19 | 0.28 | 0.26 | 0.33 | ||||||||||||||||||
From net realized and unrealized gain (loss) on affiliated investments | 0.80 | (0.06 | ) | 1.27 | 1.25 | (5.04 | ) | 1.86 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total from investment operations | 0.92 | 0.13 | 1.46 | 1.53 | (4.78 | ) | 2.19 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.17 | ) | (0.17 | ) | (0.23 | ) | (0.34 | ) | (0.19 | ) | (0.34 | ) | ||||||||||||
Net realized gains on affiliated investments | — | — | — | — | (0.41 | ) | (0.32 | ) | ||||||||||||||||
From return of capital | — | — | (0.03 | ) | — | — | — | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total distributions | (0.17 | ) | (0.17 | ) | (0.26 | ) | (0.34 | ) | (0.60 | ) | (0.66 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 12.30 | $ | 11.55 | $ | 11.59 | $ | 10.39 | $ | 9.20 | $ | 14.58 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total return(C) | 8.12 | %(D) | 1.09 | % | 14.35 | % | 17.47 | % | (34.01 | )% | 17.48 | % | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets end of period/year (000’s) | $ | 1,226,443 | $ | 1,186,790 | $ | 1,202,885 | $ | 1,044,810 | $ | 901,766 | $ | 1,295,568 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets:(E) | ||||||||||||||||||||||||
After reimbursement/recapture | 0.61 | %(F) | 0.62 | % | 0.62 | % | 0.66 | % | 0.60 | % | 0.60 | % | ||||||||||||
Before reimbursement/recapture | 0.61 | %(F) | 0.62 | % | 0.62 | % | 0.66 | % | 0.60 | % | 0.60 | % | ||||||||||||
Net investment income, to average net assets(B) | 1.98 | %(F) | 1.58 | % | 1.80 | % | 2.99 | % | 2.12 | % | 2.42 | % | ||||||||||||
Portfolio turnover rate(G) | 18 | %(D) | 35 | % | 17 | % | 37 | % | 13 | % | 19 | % | ||||||||||||
Transamerica Asset Allocation—Moderate Growth Portfolio | ||||||||||||||||||||||||
Class B | ||||||||||||||||||||||||
April 30, 2012 | October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||||||||||
For a share outstanding throughout each period | (unaudited) | 2011 | 2010 | 2009 | 2008 | 2007 | ||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 11.50 | $ | 11.53 | $ | 10.34 | $ | 9.12 | $ | 14.45 | $ | 12.94 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Investment operations | ||||||||||||||||||||||||
From net investment income(A),(B) | 0.08 | 0.12 | 0.13 | 0.22 | 0.19 | 0.24 | ||||||||||||||||||
From net realized and unrealized gain (loss) on affiliated investments | 0.80 | (0.07 | ) | 1.25 | 1.24 | (5.01 | ) | 1.85 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total from investment operations | 0.88 | 0.05 | 1.38 | 1.46 | (4.82 | ) | 2.09 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.06 | ) | (0.08 | ) | (0.16 | ) | (0.24 | ) | (0.10 | ) | (0.26 | ) | ||||||||||||
Net realized gains on affiliated investments | — | — | — | — | (0.41 | ) | (0.32 | ) | ||||||||||||||||
From return of capital | — | — | (0.03 | ) | — | — | — | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total distributions | (0.06 | ) | (0.08 | ) | (0.19 | ) | (0.24 | ) | (0.51 | ) | (0.58 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 12.32 | $ | 11.50 | $ | 11.53 | $ | 10.34 | $ | 9.12 | $ | 14.45 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total return(C) | 7.73 | %(D) | 0.43 | % | 13.57 | % | 16.69 | % | (34.44 | )% | 16.69 | % | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets end of period/year (000’s) | $ | 251,614 | $ | 283,905 | $ | 383,062 | $ | 394,275 | $ | 389,429 | $ | 651,359 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets:(E) | ||||||||||||||||||||||||
After reimbursement/recapture | 1.33 | %(F) | 1.31 | % | 1.30 | % | 1.33 | % | 1.27 | % | 1.27 | % | ||||||||||||
Before reimbursement/recapture | 1.33 | %(F) | 1.31 | % | 1.30 | % | 1.33 | % | 1.27 | % | 1.27 | % | ||||||||||||
Net investment income, to average net assets(B) | 1.30 | %(F) | 1.02 | % | 1.19 | % | 2.39 | % | 1.54 | % | 1.78 | % | ||||||||||||
Portfolio turnover rate(G) | 18 | %(D) | 35 | % | 17 | % | 37 | % | 13 | % | 19 | % |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 21 |
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
Transamerica Asset Allocation—Moderate Growth Portfolio | ||||||||||||||||||||||||
Class C | ||||||||||||||||||||||||
April 30, 2012 | October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||||||||||
For a share outstanding throughout each period | (unaudited) | 2011 | 2010 | 2009 | 2008 | 2007 | ||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 11.47 | $ | 11.50 | $ | 10.32 | $ | 9.11 | $ | 14.45 | $ | 12.95 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Investment operations | ||||||||||||||||||||||||
From net investment income(A),(B) | 0.08 | 0.12 | 0.13 | 0.22 | 0.18 | 0.24 | ||||||||||||||||||
From net realized and unrealized gain (loss) on affiliated investments | 0.80 | (0.05 | ) | 1.25 | 1.25 | (5.00 | ) | 1.85 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total from investment operations | 0.88 | 0.07 | 1.38 | 1.47 | (4.82 | ) | 2.09 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.09 | ) | (0.10 | ) | (0.17 | ) | (0.26 | ) | (0.11 | ) | (0.27 | ) | ||||||||||||
Net realized gains on affiliated investments | — | — | — | — | (0.41 | ) | (0.32 | ) | ||||||||||||||||
From return of capital | — | — | (0.03 | ) | — | — | — | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total distributions | (0.09 | ) | (0.10 | ) | (0.20 | ) | (0.26 | ) | (0.52 | ) | (0.59 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 12.26 | $ | 11.47 | $ | 11.50 | $ | 10.32 | $ | 9.11 | $ | 14.45 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total return(C) | 7.74 | %(D) | 0.56 | % | 13.58 | % | 16.77 | % | (34.44 | )% | 16.74 | % | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets end of period/year (000’s) | $ | 1,479,401 | $ | 1,468,164 | $ | 1,606,227 | $ | 1,513,954 | $ | 1,455,012 | $ | 2,098,087 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets:(E) | ||||||||||||||||||||||||
After reimbursement/recapture | 1.25 | %(F) | 1.25 | % | 1.25 | % | 1.28 | % | 1.23 | % | 1.23 | % | ||||||||||||
Before reimbursement/recapture | 1.25 | %(F) | 1.25 | % | 1.25 | % | 1.28 | % | 1.23 | % | 1.23 | % | ||||||||||||
Net investment income, to average net assets(B) | 1.34 | %(F) | 0.99 | % | 1.20 | % | 2.43 | % | 1.49 | % | 1.79 | % | ||||||||||||
Portfolio turnover rate(G) | 18 | %(D) | 35 | % | 17 | % | 37 | % | 13 | % | 19 | % |
Transamerica Asset Allocation—Moderate Growth Portfolio | ||||||||||||
Class I | ||||||||||||
April 30, 2012 | October 31, | October 31, | ||||||||||
For a share outstanding throughout each period | (unaudited) | 2011 | 2010(H) | |||||||||
Net asset value | ||||||||||||
Beginning of period/year | $ | 11.58 | $ | 11.61 | $ | 10.76 | ||||||
|
|
|
|
|
| |||||||
Investment operations | ||||||||||||
From net investment income(A),(B) | 0.13 | 0.21 | 0.09 | |||||||||
From net realized and unrealized gain (loss) on affiliated investments | 0.79 | (0.03 | ) | 1.07 | ||||||||
|
|
|
|
|
| |||||||
Total from investment operations | 0.92 | 0.18 | 1.16 | |||||||||
|
|
|
|
|
| |||||||
Distributions | ||||||||||||
Net investment income | (0.21 | ) | (0.21 | ) | (0.28 | ) | ||||||
From return of capital | — | — | (0.03 | ) | ||||||||
|
|
|
|
|
| |||||||
Total distributions | (0.21 | ) | (0.21 | ) | (0.31 | ) | ||||||
|
|
|
|
|
| |||||||
Net asset value | ||||||||||||
End of period/year | $ | 12.29 | $ | 11.58 | $ | 11.61 | ||||||
|
|
|
|
|
| |||||||
Total return(C) | 8.21 | %(D) | 1.54 | % | 11.07 | %(D) | ||||||
|
|
|
|
|
| |||||||
Net assets end of period/year (000’s) | $ | 30,659 | $ | 23,403 | $ | 16,293 | ||||||
|
|
|
|
|
| |||||||
Ratio and supplemental data | ||||||||||||
Expenses to average net assets:(E) | ||||||||||||
After reimbursement/recapture | 0.25 | %(F) | 0.26 | % | 0.29 | %(F) | ||||||
Before reimbursement/recapture | 0.25 | %(F) | 0.26 | % | 0.29 | %(F) | ||||||
Net investment income, to average net assets(B) | 2.20 | %(F) | 1.74 | % | 0.89 | %(F) | ||||||
Portfolio turnover rate(G) | 18 | %(D) | 35 | % | 17 | %(D) |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 22 |
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
Transamerica Asset Allocation—Moderate Growth Portfolio | ||||||||||||||||||||||||
Class R | ||||||||||||||||||||||||
April 30, 2012 | October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||||||||||
For a share outstanding throughout each period | (unaudited) | 2011 | 2010 | 2009 | 2008 | 2007 | ||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 11.50 | $ | 11.53 | $ | 10.36 | $ | 9.18 | $ | 14.54 | $ | 13.05 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Investment operations | ||||||||||||||||||||||||
From net investment income(A),(B) | 0.10 | 0.17 | 0.15 | 0.25 | 0.22 | 0.24 | ||||||||||||||||||
From net realized and unrealized gain (loss) on affiliated investments | 0.80 | (0.04 | ) | 1.28 | 1.26 | (5.00 | ) | 1.93 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total from investment operations | 0.90 | 0.13 | 1.43 | 1.51 | (4.78 | ) | 2.17 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.15 | ) | (0.16 | ) | (0.23 | ) | (0.33 | ) | (0.17 | ) | (0.36 | ) | ||||||||||||
Net realized gains on affiliated investments | — | — | — | — | (0.41 | ) | (0.32 | ) | ||||||||||||||||
From return of capital | — | — | (0.03 | ) | — | — | — | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total distributions | (0.15 | ) | (0.16 | ) | (0.26 | ) | (0.33 | ) | (0.58 | ) | (0.68 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 12.25 | $ | 11.50 | $ | 11.53 | $ | 10.36 | $ | 9.18 | $ | 14.54 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total return(C) | 7.95 | %(D) | 1.06 | % | 14.08 | % | 17.29 | % | (34.08 | )% | 17.31 | % | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets end of period/year (000’s) | $ | 5,478 | $ | 5,306 | $ | 5,413 | $ | 2,873 | $ | 1,969 | $ | 1,983 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets:(E) | ||||||||||||||||||||||||
After reimbursement/recapture | 0.77 | %(F) | 0.77 | % | 0.79 | % | 0.82 | % | 0.76 | % | 0.67 | % | ||||||||||||
Before reimbursement/recapture | 0.77 | %(F) | 0.77 | % | 0.79 | % | 0.82 | % | 0.76 | % | 0.67 | % | ||||||||||||
Net investment income, to average net assets(B) | 1.75 | %(F) | 1.43 | % | 1.43 | % | 2.68 | % | 1.74 | % | 1.80 | % | ||||||||||||
Portfolio turnover rate(G) | 18 | %(D) | 35 | % | 17 | % | 37 | % | 13 | % | 19 | % | ||||||||||||
Transamerica Asset Allocation—Moderate Portfolio | ||||||||||||||||||||||||
Class A | ||||||||||||||||||||||||
April 30, 2012 | October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||||||||||
For a share outstanding throughout each period | (unaudited) | 2011 | 2010 | 2009 | 2008 | 2007 | ||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 11.60 | $ | 11.59 | $ | 10.62 | $ | 9.29 | $ | 13.69 | $ | 12.64 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Investment operations | ||||||||||||||||||||||||
From net investment income(A),(B) | 0.16 | 0.26 | 0.30 | 0.36 | 0.33 | 0.36 | ||||||||||||||||||
From net realized and unrealized gain (loss) on affiliated investments | 0.62 | (0.02 | ) | 1.04 | 1.40 | (4.05 | ) | 1.40 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total from investment operations | 0.78 | 0.24 | 1.34 | 1.76 | (3.72 | ) | 1.76 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.24 | ) | (0.23 | ) | (0.37 | ) | (0.43 | ) | (0.28 | ) | (0.37 | ) | ||||||||||||
Net realized gains on affiliated investments | — | — | — | — | (0.40 | ) | (0.34 | ) | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total distributions | (0.24 | ) | (0.23 | ) | (0.37 | ) | (0.43 | ) | (0.68 | ) | (0.71 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 12.14 | $ | 11.60 | $ | 11.59 | $ | 10.62 | $ | 9.29 | $ | 13.69 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total return(C) | 6.89 | %(D) | 2.10 | % | 12.95 | % | 19.99 | % | (28.41 | )% | 14.51 | % | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets end of period/year (000’s) | $ | 898,162 | $ | 877,866 | $ | 857,469 | $ | 694,532 | $ | 545,646 | $ | 665,013 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets:(E) | ||||||||||||||||||||||||
After reimbursement/recapture | 0.59 | %(F) | 0.61 | % | 0.61 | % | 0.63 | % | 0.59 | % | 0.59 | % | ||||||||||||
Before reimbursement/recapture | 0.59 | %(F) | 0.61 | % | 0.61 | % | 0.63 | % | 0.59 | % | 0.59 | % | ||||||||||||
Net investment income, to average net assets(B) | 2.71 | %(F) | 2.23 | % | 2.78 | % | 3.76 | % | 2.79 | % | 2.83 | % | ||||||||||||
Portfolio turnover rate(G) | 15 | %(D) | 30 | % | 16 | % | 30 | % | 12 | % | 23 | % |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 23 |
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
Transamerica Asset Allocation—Moderate Portfolio | ||||||||||||||||||||||||
Class B | ||||||||||||||||||||||||
April 30, 2012 | October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||||||||||
For a share outstanding throughout each period | (unaudited) | 2011 | 2010 | 2009 | 2008 | 2007 | ||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 11.58 | $ | 11.55 | $ | 10.59 | $ | 9.23 | $ | 13.59 | $ | 12.55 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Investment operations | ||||||||||||||||||||||||
From net investment income(A),(B) | 0.12 | 0.20 | 0.24 | 0.30 | 0.27 | 0.28 | ||||||||||||||||||
From net realized and unrealized gain (loss) on affiliated investments | 0.60 | (0.03 | ) | 1.02 | 1.39 | (4.05 | ) | 1.39 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total from investment operations | 0.72 | 0.17 | 1.26 | 1.69 | (3.78 | ) | 1.67 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.12 | ) | (0.14 | ) | (0.30 | ) | (0.33 | ) | (0.18 | ) | (0.28 | ) | ||||||||||||
Net realized gains on affiliated investments | — | — | — | — | (0.40 | ) | (0.34 | ) | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total distributions | (0.12 | ) | (0.14 | ) | (0.30 | ) | (0.33 | ) | (0.58 | ) | (0.62 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 12.18 | $ | 11.58 | $ | 11.55 | $ | 10.59 | $ | 9.23 | $ | 13.59 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total return(C) | 6.37 | %(D) | 1.49 | % | 12.13 | % | 19.16 | % | (28.87 | )% | 13.73 | % | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets end of period/year (000’s) | $ | 133,379 | $ | 152,538 | $ | 220,658 | $ | 228,151 | $ | 223,209 | $ | 357,175 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets:(E) | ||||||||||||||||||||||||
After reimbursement/recapture | 1.31 | %(F) | 1.28 | % | 1.28 | % | 1.30 | % | 1.25 | % | 1.25 | % | ||||||||||||
Before reimbursement/recapture | 1.31 | %(F) | 1.28 | % | 1.28 | % | 1.30 | % | 1.25 | % | 1.25 | % | ||||||||||||
Net investment income, to average net assets(B) | 2.03 | %(F) | 1.69 | % | 2.24 | % | 3.23 | % | 2.26 | % | 2.21 | % | ||||||||||||
Portfolio turnover rate(G) | 15 | %(D) | 30 | % | 16 | % | 30 | % | 12 | % | 23 | % | ||||||||||||
Transamerica Asset Allocation—Moderate Portfolio | ||||||||||||||||||||||||
Class C | ||||||||||||||||||||||||
April 30, 2012 | October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||||||||||
For a share outstanding throughout each period | (unaudited) | 2011 | 2010 | 2009 | 2008 | 2007 | ||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 11.52 | $ | 11.50 | $ | 10.55 | $ | 9.21 | $ | 13.58 | $ | 12.55 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Investment operations | ||||||||||||||||||||||||
From net investment income(A),(B) | 0.12 | 0.19 | 0.24 | 0.30 | 0.26 | 0.28 | ||||||||||||||||||
From net realized and unrealized gain (loss) on affiliated investments | 0.61 | (0.01 | ) | 1.02 | 1.39 | (4.03 | ) | 1.39 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total from investment operations | 0.73 | 0.18 | 1.26 | 1.69 | (3.77 | ) | 1.67 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.16 | ) | (0.16 | ) | (0.31 | ) | (0.35 | ) | (0.20 | ) | (0.30 | ) | ||||||||||||
Net realized gains on affiliated investments | — | — | — | — | (0.40 | ) | (0.34 | ) | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total distributions | (0.16 | ) | (0.16 | ) | (0.31 | ) | (0.35 | ) | (0.60 | ) | (0.64 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 12.09 | $ | 11.52 | $ | 11.50 | $ | 10.55 | $ | 9.21 | $ | 13.58 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total return(C) | 6.46 | %(D) | 1.50 | % | 12.22 | % | 19.24 | % | (28.87 | )% | 13.86 | % | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets end of period/year (000’s) | $ | 1,108,437 | $ | 1,088,747 | $ | 1,142,029 | $ | 997,766 | $ | 876,977 | $ | 1,159,220 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets:(E) | ||||||||||||||||||||||||
After reimbursement/recapture | 1.22 | %(F) | 1.22 | % | 1.22 | % | 1.24 | % | 1.21 | % | 1.21 | % | ||||||||||||
Before reimbursement/recapture | 1.22 | %(F) | 1.22 | % | 1.22 | % | 1.24 | % | 1.21 | % | 1.21 | % | ||||||||||||
Net investment income, to average net assets(B) | 2.06 | %(F) | 1.64 | % | 2.21 | % | 3.25 | % | 2.21 | % | 2.21 | % | ||||||||||||
Portfolio turnover rate(G) | 15 | %(D) | 30 | % | 16 | % | 30 | % | 12 | % | 23 | % |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 24 |
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
Transamerica Asset Allocation—Moderate Portfolio | ||||||||||||
Class I | ||||||||||||
April 30, 2012 | October 31, | October 31, | ||||||||||
For a share outstanding throughout each period | (unaudited) | 2011 | 2010(H) | |||||||||
Net asset value | ||||||||||||
Beginning of period/year | $ | 11.63 | $ | 11.61 | $ | 10.94 | ||||||
|
|
|
|
|
| |||||||
Investment operations | ||||||||||||
From net investment income(A),(B) | 0.17 | 0.28 | 0.17 | |||||||||
From net realized and unrealized gain on affiliated investments | 0.61 | 0.01 | 0.91 | |||||||||
|
|
|
|
|
| |||||||
Total from investment operations | 0.78 | 0.29 | 1.08 | |||||||||
|
|
|
|
|
| |||||||
Distributions | ||||||||||||
Net investment income | (0.28 | ) | (0.27 | ) | (0.41 | ) | ||||||
Net asset value | ||||||||||||
End of period/year | $ | 12.13 | $ | 11.63 | $ | 11.61 | ||||||
|
|
|
|
|
| |||||||
Total return(C) | 6.94 | %(D) | 2.53 | % | 10.27 | %(D) | ||||||
|
|
|
|
|
| |||||||
Net assets end of period/year (000’s) | $ | 34,685 | $ | 26,332 | $ | 17,853 | ||||||
|
|
|
|
|
| |||||||
Ratio and supplemental data | ||||||||||||
Expenses to average net assets:(E) | ||||||||||||
After reimbursement/recapture | 0.25 | %(F) | 0.26 | % | 0.28 | %(F) | ||||||
Before reimbursement/recapture | 0.25 | %(F) | 0.26 | % | 0.28 | %(F) | ||||||
Net investment income, to average net assets(B) | 2.83 | %(F) | 2.42 | % | 1.73 | %(F) | ||||||
Portfolio turnover rate(G) | 15 | %(D) | 30 | % | 16 | %(D) |
Transamerica Asset Allocation—Moderate Portfolio | ||||||||||||||||||||||||
Class R | ||||||||||||||||||||||||
April 30, 2012 | October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||||||||||
For a share outstanding throughout each period | (unaudited) | 2011 | 2010 | 2009 | 2008 | 2007 | ||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 11.54 | $ | 11.53 | $ | 10.58 | $ | 9.28 | $ | 13.65 | $ | 12.64 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Investment operations | ||||||||||||||||||||||||
From net investment income(A),(B) | 0.14 | 0.23 | 0.24 | 0.32 | 0.28 | 0.31 | ||||||||||||||||||
From net realized and unrealized gain (loss) on affiliated investments | 0.62 | – | (I) | 1.06 | 1.42 | (4.02 | ) | 1.42 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total from investment operations | 0.76 | 0.23 | 1.30 | 1.74 | (3.74 | ) | 1.73 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.21 | ) | (0.22 | ) | (0.35 | ) | (0.44 | ) | (0.23 | ) | (0.38 | ) | ||||||||||||
Net realized gains on affiliated investments | — | — | — | — | (0.40 | ) | (0.34 | ) | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total distributions | (0.21 | ) | (0.22 | ) | (0.35 | ) | (0.44 | ) | (0.63 | ) | (0.72 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 12.09 | $ | 11.54 | $ | 11.53 | $ | 10.58 | $ | 9.28 | $ | 13.65 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total return(C) | 6.75 | %(D) | 2.01 | % | 12.60 | % | 19.81 | % | (28.57 | )% | 14.31 | % | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets end of period/year (000’s) | $ | 4,703 | $ | 5,314 | $ | 4,278 | $ | 2,211 | $ | 959 | $ | 610 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets:(E) | ||||||||||||||||||||||||
After reimbursement/recapture | 0.82 | %(F) | 0.82 | % | 0.83 | % | 0.86 | % | 0.87 | % | 0.72 | % | ||||||||||||
Before reimbursement/recapture | 0.82 | %(F) | 0.82 | % | 0.83 | % | 0.86 | % | 0.87 | % | 0.72 | % | ||||||||||||
Net investment income, to average net assets(B) | 2.41 | %(F) | 2.00 | % | 2.23 | % | 3.38 | % | 2.37 | % | 2.44 | % | ||||||||||||
Portfolio turnover rate(G) | 15 | %(D) | 30 | % | 16 | % | 30 | % | 12 | % | 23 | % |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 25 |
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
Transamerica Multi-Manager Alternative Strategies Portfolio | ||||||||||||||||||||||||
Class A | ||||||||||||||||||||||||
April 30, 2012 | October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||||||||||
For a share outstanding throughout each period | (unaudited) | 2011 | 2010 | 2009 | 2008 | 2007(K) | ||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 9.68 | $ | 9.82 | $ | 9.35 | $ | 8.30 | $ | 10.78 | $ | 10.00 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Investment operations | ||||||||||||||||||||||||
From net investment income(A),(B) | 0.16 | 0.15 | 0.14 | 0.29 | 0.20 | 0.05 | ||||||||||||||||||
From net realized and unrealized gain (loss) on affiliated investments | 0.06 | (0.23 | ) | 0.58 | 1.08 | (2.43 | ) | 0.73 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total from investment operations | 0.22 | (0.08 | ) | 0.72 | 1.37 | (2.23 | ) | 0.78 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.22 | ) | (0.06 | ) | (0.15 | ) | (0.32 | ) | (0.25 | ) | — | |||||||||||||
From return of capital | — | — | (0.10 | ) | — | — | — | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total distributions | (0.22 | ) | (0.06 | ) | (0.25 | ) | (0.32 | ) | (0.25 | ) | — | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 9.68 | $ | 9.68 | $ | 9.82 | $ | 9.35 | $ | 8.30 | $ | 10.78 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total return(C) | 2.41 | %(D) | (0.77 | )% | 7.83 | % | 17.21 | % | (21.08 | )% | 7.80 | %(D) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets end of period/year (000’s) | $ | 166,809 | $ | 171,567 | $ | 128,041 | $ | 119,693 | $ | 97,482 | $ | 38,870 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets:(E) | ||||||||||||||||||||||||
After reimbursement/recapture | 0.73 | %(F) | 0.76 | % | 0.80 | % | 0.81 | % | 0.84 | % | 0.90 | %(F) | ||||||||||||
Before reimbursement/recapture | 0.73 | %(F) | 0.76 | % | 0.80 | % | 0.81 | % | 0.77 | % | 1.29 | %(F) | ||||||||||||
Net investment income, to average net assets(B) | 3.40 | %(F) | 1.53 | % | 1.51 | % | 3.43 | % | 1.98 | % | 0.58 | %(F) | ||||||||||||
Portfolio turnover rate(G) | 4 | %(D) | 31 | % | 35 | % | 18 | % | 5 | % | — | %(D),(L) | ||||||||||||
Transamerica Multi-Manager Alternative Strategies Portfolio | ||||||||||||||||||||||||
Class C | ||||||||||||||||||||||||
April 30, 2012 | October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||||||||||
For a share outstanding throughout each period | (unaudited) | 2011 | 2010 | 2009 | 2008 | 2007(K) | ||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 9.59 | $ | 9.73 | $ | 9.27 | $ | 8.23 | $ | 10.72 | $ | 10.00 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Investment operations | ||||||||||||||||||||||||
From net investment income (loss)(A),(B) | 0.12 | 0.09 | 0.08 | 0.24 | 0.15 | (0.01 | ) | |||||||||||||||||
From net realized and unrealized gain (loss) on affiliated investments | 0.07 | (0.22 | ) | 0.57 | 1.06 | (2.42 | ) | 0.73 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total from investment operations | 0.19 | (0.13 | ) | 0.65 | 1.30 | (2.27 | ) | 0.72 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.16 | ) | (0.01 | ) | (0.09 | ) | (0.26 | ) | (0.22 | ) | — | |||||||||||||
From return of capital | — | — | (0.10 | ) | — | — | — | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total distributions | (0.16 | ) | (0.01 | ) | (0.19 | ) | (0.26 | ) | (0.22 | ) | — | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 9.62 | $ | 9.59 | $ | 9.73 | $ | 9.27 | $ | 8.23 | $ | 10.72 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total return(C) | 2.09 | %(D) | (1.35 | )% | 7.12 | % | 16.37 | % | (21.52 | )% | 7.20 | %(D) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets end of period/year (000’s) | $ | 145,083 | $ | 141,413 | $ | 114,662 | $ | 96,376 | $ | 89,701 | $ | 49,306 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets:(E) | ||||||||||||||||||||||||
After reimbursement/recapture | 1.39 | %(F) | 1.42 | % | 1.44 | % | 1.45 | % | 1.52 | % | 1.55 | %(F) | ||||||||||||
Before reimbursement/recapture | 1.39 | %(F) | 1.42 | % | 1.44 | % | 1.45 | % | 1.43 | % | 1.99 | %(F) | ||||||||||||
Net investment income (loss), to average net assets(B) | 2.66 | %(F) | 0.91 | % | 0.82 | % | 2.92 | % | 1.53 | % | (0.07 | )%(F) | ||||||||||||
Portfolio turnover rate(G) | 4 | %(D) | 31 | % | 35 | % | 18 | % | 5 | % | — | %(D),(L) |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 26 |
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
Transamerica Multi-Manager Alternative Strategies Portfolio | ||||||||||||
Class I | ||||||||||||
April 30, 2012 | October 31, | October 31, | ||||||||||
For a share outstanding throughout each period | (unaudited) | 2011 | 2010(H) | |||||||||
Net asset value | ||||||||||||
Beginning of period/year | $ | 9.70 | $ | 9.84 | $ | 9.49 | ||||||
|
|
|
|
|
| |||||||
Investment operations | ||||||||||||
From net investment income(A),(B) | 0.17 | 0.15 | 0.07 | |||||||||
From net realized and unrealized gain (loss) on affiliated investments | 0.08 | (0.19 | ) | 0.57 | ||||||||
|
|
|
|
|
| |||||||
Total from investment operations | 0.25 | (0.04 | ) | 0.64 | ||||||||
|
|
|
|
|
| |||||||
Distributions | ||||||||||||
Net investment income | (0.26 | ) | (0.10 | ) | (0.19 | ) | ||||||
From return of capital | — | — | (0.10 | ) | ||||||||
|
|
|
|
|
| |||||||
Total distributions | (0.26 | ) | (0.10 | ) | (0.29 | ) | ||||||
|
|
|
|
|
| |||||||
Net asset value | ||||||||||||
End of period/year | $ | 9.69 | $ | 9.70 | $ | 9.84 | ||||||
|
|
|
|
|
| |||||||
Total return(C) | 2.69 | %(D) | (0.47 | )% | 6.90 | %(D) | ||||||
|
|
|
|
|
| |||||||
Net assets end of period/year (000’s) | $ | 149,802 | $ | 120,465 | $ | 34,131 | ||||||
|
|
|
|
|
| |||||||
Ratio and supplemental data | ||||||||||||
Expenses to average net assets:(E) | ||||||||||||
After reimbursement/recapture | 0.36 | %(F) | 0.40 | % | 0.50 | %(F) | ||||||
Before reimbursement/recapture | 0.36 | %(F) | 0.40 | % | 0.50 | %(F) | ||||||
Net investment income, to average net assets(B) | 3.58 | %(F) | 1.56 | % | 0.82 | %(F) | ||||||
Portfolio turnover rate(G) | 4 | %(D) | 31 | % | 35 | %(D) |
Transamerica Multi-Manager International Portfolio | ||||||||||||||||||||||||
Class A | ||||||||||||||||||||||||
April 30, 2012 | October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||||||||||
For a share outstanding throughout each period | (unaudited) | 2011 | 2010 | 2009 | 2008 | 2007 | ||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 9.09 | $ | 9.84 | $ | 8.53 | $ | 6.57 | $ | 13.24 | $ | 10.63 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Investment operations | ||||||||||||||||||||||||
From net investment income(A),(B) | 0.17 | 0.08 | 0.09 | 0.17 | 0.27 | 0.32 | ||||||||||||||||||
From net realized and unrealized gain (loss) on affiliated investments | 0.27 | (0.75 | ) | 1.33 | 1.84 | (6.53 | ) | 2.87 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total from investment operations | 0.44 | (0.67 | ) | 1.42 | 2.01 | (6.26 | ) | 3.19 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.25 | ) | (0.08 | ) | (0.11 | ) | (0.05 | ) | (0.32 | ) | (0.58 | ) | ||||||||||||
Net realized gains on affiliated investments | — | — | — | — | (0.09 | ) | — | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total distributions | (0.25 | ) | (0.08 | ) | (0.11 | ) | (0.05 | ) | (0.41 | ) | (0.58 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 9.28 | $ | 9.09 | $ | 9.84 | $ | 8.53 | $ | 6.57 | $ | 13.24 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total return(C) | 5.33 | %(D) | (6.90 | )% | 16.80 | % | 30.86 | % | (48.61 | )% | 31.30 | % | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets end of period/year (000’s) | $ | 104,049 | $ | 118,070 | $ | 135,479 | $ | 134,751 | $ | 103,077 | $ | 178,422 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets:(E) | ||||||||||||||||||||||||
After reimbursement/recapture | 0.71 | %(F) | 0.67 | % | 0.70 | % | 0.74 | % | 0.65 | % | 0.65 | % | ||||||||||||
Before reimbursement/recapture | 0.71 | %(F) | 0.67 | % | 0.70 | % | 0.74 | % | 0.65 | % | 0.65 | % | ||||||||||||
Net investment income, to average net assets(B) | 3.82 | %(F) | 0.77 | % | 1.04 | % | 2.35 | % | 2.59 | % | 2.78 | % | ||||||||||||
Portfolio turnover rate(G) | 24 | %(D) | 13 | % | 11 | % | 32 | % | 38 | % | 1 | % |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 27 |
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
Transamerica Multi-Manager International Portfolio | ||||||||||||||||||||||||
Class B | ||||||||||||||||||||||||
For a share outstanding throughout each period | April 30, 2012 (unaudited) | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | October 31, 2007 | ||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 9.00 | $ | 9.74 | $ | 8.45 | $ | 6.50 | $ | 13.13 | $ | 10.59 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
From net investment income(A),(B) | 0.14 | 0.01 | 0.02 | 0.01 | 0.21 | 0.23 | ||||||||||||||||||
From net realized and unrealized gain (loss) on affiliated investments | 0.28 | (0.75 | ) | 1.32 | 1.94 | (6.50 | ) | 2.86 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total from investment operations | 0.42 | (0.74 | ) | 1.34 | 1.95 | (6.29 | ) | 3.09 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.17 | ) | — | (I) | (0.05 | ) | — | (0.25 | ) | (0.55 | ) | |||||||||||||
Net realized gains on affiliated investments | — | — | — | — | (0.09 | ) | — | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total distributions | (0.17 | ) | — | (I) | (0.05 | ) | — | (0.34 | ) | (0.55 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 9.25 | $ | 9.00 | $ | 9.74 | $ | 8.45 | $ | 6.50 | $ | 13.13 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total return(C) | 4.94 | %(D) | (7.59 | )% | 15.95 | % | 30.00 | % | (49.04 | )% | 30.32 | % | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets end of period/year (000’s) | $ | 12,058 | $ | 13,373 | $ | 18,432 | $ | 18,010 | $ | 15,781 | $ | 30,060 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets:(E) | ||||||||||||||||||||||||
After reimbursement/recapture | 1.45 | %(F) | 1.45 | % | 1.45 | % | 1.45 | % | 1.42 | % | 1.43 | % | ||||||||||||
Before reimbursement/recapture | 1.57 | %(F) | 1.48 | % | 1.49 | % | 1.57 | % | 1.42 | % | 1.43 | % | ||||||||||||
Net investment income, to average net assets(B) | 3.05 | %(F) | 0.11 | % | 0.19 | % | 0.08 | % | 1.95 | % | 1.98 | % | ||||||||||||
Portfolio turnover rate(G) | 24 | %(D) | 13 | % | 11 | % | 32 | % | 38 | % | 1 | % | ||||||||||||
Transamerica Multi-Manager International Portfolio | ||||||||||||||||||||||||
Class C | ||||||||||||||||||||||||
For a share outstanding throughout each period | April 30, 2012 (unaudited) | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | October 31, 2007 | ||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 9.01 | $ | 9.75 | $ | 8.45 | $ | 6.50 | $ | 13.13 | $ | 10.58 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
From net investment income(A),(B) | 0.14 | 0.02 | 0.02 | 0.03 | 0.21 | 0.24 | ||||||||||||||||||
From net realized and unrealized gain (loss) on affiliated investments | 0.27 | (0.74 | ) | 1.33 | 1.92 | (6.49 | ) | 2.86 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total from investment operations | 0.41 | (0.72 | ) | 1.35 | 1.95 | (6.28 | ) | 3.10 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.18 | ) | (0.02 | ) | (0.05 | ) | — | (0.26 | ) | (0.55 | ) | |||||||||||||
Net realized gains on affiliated investments | — | — | — | — | (0.09 | ) | — | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total distributions | (0.18 | ) | (0.02 | ) | (0.05 | ) | — | (0.35 | ) | (0.55 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 9.24 | $ | 9.01 | $ | 9.75 | $ | 8.45 | $ | 6.50 | $ | 13.13 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total return(C) | 4.90 | %(D) | (7.42 | )% | 16.10 | % | 30.00 | % | (48.98 | )% | 30.45 | % | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets end of period/year (000’s) | $ | 106,453 | $ | 117,858 | $ | 144,849 | $ | 132,777 | $ | 128,742 | $ | 250,419 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets:(E) | ||||||||||||||||||||||||
After reimbursement/recapture | 1.38 | %(F) | 1.34 | % | 1.36 | % | 1.43 | % | 1.31 | % | 1.31 | % | ||||||||||||
Before reimbursement/recapture | 1.38 | %(F) | 1.34 | % | 1.36 | % | 1.43 | % | 1.31 | % | 1.31 | % | ||||||||||||
Net investment income, to average net assets(B) | 3.10 | %(F) | 0.16 | % | 0.27 | % | 0.50 | % | 2.01 | % | 2.08 | % | ||||||||||||
Portfolio turnover rate(G) | 24 | %(D) | 13 | % | 11 | % | 32 | % | 38 | % | 1 | % |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 28 |
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
Transamerica Multi-Manager International Portfolio | ||||||||||||
Class I | ||||||||||||
For a share outstanding throughout each period | April 30, 2012 (unaudited) | October 31, 2011 | October 31, 2010(H) | |||||||||
Net asset value | ||||||||||||
Beginning of period/year | $ | 9.11 | $ | 9.86 | $ | 8.84 | ||||||
|
|
|
|
|
| |||||||
Investment operations | ||||||||||||
From net investment income (loss)(A),(B) | 0.17 | 0.11 | (0.02 | ) | ||||||||
From net realized and unrealized gain (loss) on affiliated investments | 0.27 | (0.74 | ) | 1.19 | ||||||||
|
|
|
|
|
| |||||||
Total from investment operations | 0.44 | (0.63 | ) | 1.17 | ||||||||
|
|
|
|
|
| |||||||
Distributions | ||||||||||||
Net investment income | (0.29 | ) | (0.12 | ) | (0.15 | ) | ||||||
Net asset value | ||||||||||||
End of period/year | $ | 9.26 | $ | 9.11 | $ | 9.86 | ||||||
|
|
|
|
|
| |||||||
Total return(C) | 5.41 | %(D) | (6.49 | )% | 13.41 | %(D) | ||||||
|
|
|
|
|
| |||||||
Net assets end of period/year (000’s) | $ | 29,651 | $ | 28,748 | $ | 28,047 | ||||||
|
|
|
|
|
| |||||||
Ratio and supplemental data | ||||||||||||
Expenses to average net assets:(E) | ||||||||||||
After reimbursement/recapture | 0.31 | %(F) | 0.29 | % | 0.34 | %(F) | ||||||
Before reimbursement/recapture | 0.31 | %(F) | 0.29 | % | 0.34 | %(F) | ||||||
Net investment income (loss), to average net assets(B) | 3.82 | %(F) | 1.12 | % | (0.21 | )%(F) | ||||||
Portfolio turnover rate(G) | 24 | %(D) | 13 | % | 11 | %(D) |
(A) | Calculated based on average number of shares outstanding. |
(B) | Recognition of net investment income by the fund is affected by the timing of the declaration of dividends by the underlying affiliated investment companies in which the fund invests. |
(C) | Total return has been calculated for the applicable period without deduction of a sales load, if any, on an initial purchase. |
(D) | Not annualized. |
(E) | Does not include expenses of the investment companies in which the fund invests. |
(F) | Annualized. |
(G) | Does not include the portfolio activity of the underlying affiliated funds. |
(H) | Commenced operations on November 30, 2009. |
(I) | Rounds to less than $0.01 or $(0.01). |
(J) | Rounds to less than 0.01% or (0.01)%. |
(K) | Commenced operations on December 28, 2006. |
(L) | Rounds to less than 1%. |
Note: Prior to November 1, 2009, all of the financial highlights were audited by another independent regeistered public accounting firm.
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 29 |
NOTES TO FINANCIAL STATEMENTS
At April 30, 2012
(all amounts in thousands)
(unaudited)
NOTE 1. ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES
Transamerica Funds (the “Trust”) is an open-end management investment company registered under the Investment Company Act of 1940, as amended (the “1940 Act”). Transamerica Asset Allocation—Conservative Portfolio, Transamerica Asset Allocation—Growth Portfolio, Transamerica Asset Allocation—Moderate Growth Portfolio, Transamerica Asset Allocation—Moderate Portfolio, Transamerica Multi—Manager Alternative Strategies Portfolio, and Transamerica Multi—Manager International Portfolio (each, a “Fund”; and collectively, the “Funds”) are part of Transamerica Funds.
The Funds, with the exception of Transamerica Multi-Manager Alternative Strategies Portfolio and Transamerica Multi–Manager International Portfolio, currently offer five classes of shares; Class A, Class B, Class C, Class I, and Class R. Transamerica Multi–Manager Alternative Strategies Portfolio currently offers three classes of shares; Class A, Class C, and Class I. Transamerica Multi–Manager International Portfolio currently offers four classes of shares; Class A, Class B, Class C, and Class I. Each class has a public offering price that reflects different sales charges, if any, and expense levels. Class B shares will convert to Class A shares eight years after purchase. Effective July 15, 2010, Class B shares were no longer offered for purchase.
Each Fund, a “fund of fund”, invests a majority of its assets among certain affiliated series of Transamerica Funds (hereafter referred to as “Underlying Funds”). The financial statements of the Underlying Funds, including the Schedules of Investments, should be read in conjunction with the Funds’ financial statements. The Underlying Fund’s shareholder reports are available without charge at www.transamericainvestments.com and on the Securities and Exchange Commission’s (“SEC”) website at http://www.sec.gov, or at the SEC’s Public Reference Room in Washington, D.C. The Underlying Funds’ shareholder reports are not covered by this report.
This report should be read in conjunction with the Funds’ current prospectus, which contains more complete information about the Funds, including investment objectives and strategies.
In the normal course of business, the Funds enter into contracts that contain a variety of representations that provide general indemnifications. The Funds’ maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Funds and/or their affiliates that have not yet occurred. However, based on experience, the Funds expect the risk of loss to be remote.
In preparing the Funds’ financial statements in accordance with accounting principles generally accepted in the United States of America (“GAAP”), estimates or assumptions (which could differ from actual results) may be used that affect reported amounts and disclosures. The following is a summary of significant accounting policies followed by the Funds.
Security transactions and investment income: Security transactions are recorded on the trade date. Security gains and losses are calculated on the specific identification basis. Interest income is accrued as earned. Dividend income and capital gain distributions from affiliated investment companies, if any, are recorded on the ex-dividend date. Dividends and net realized gain (loss) from investment securities for the Funds are from investments in shares of affiliated investment companies.
Multiple class operations, income, and expenses: Income, non-class specific expenses, and realized and unrealized gains and losses are allocated daily to each class, based upon net assets. In addition to the non-class specific expenses, each class bears its own specific expenses.
Dividend distributions: Distributions to shareholders are recorded on the ex-dividend date and are determined in accordance with federal income tax regulations which may differ from GAAP.
Cash overdrafts: Throughout the year, the Funds may have cash overdraft balances. A fee is incurred on these overdrafts by a rate based on the federal funds rate. Expenses from cash overdrafts are included in Other Expenses on the Statements of Operations.
NOTE 2. SECURITY VALUATIONS
All investments in securities are recorded at their estimated fair value. The Funds value their investments at the close of the New York Stock Exchange (“NYSE”), normally 4 p.m. Eastern Time, each day the NYSE is open for business. The Funds utilize various methods to measure the fair value of their investments on a recurring basis. GAAP 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 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, that 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.
Transamerica Funds | Page 30 | Semi-Annual Report 2012 |
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2012
(all amounts in thousands)
(unaudited)
NOTE 2. (continued)
Level 3—Unobservable inputs, which may include Transamerica Asset Management, Inc.’s (“TAM”) Valuation Committee’s own assumptions in determining the fair value of investments. Factors considered in making this determination may include, but are not limited to, information obtained by contacting the sub-advisor, issuer, analysts, or the appropriate stock exchange (for exchange-traded securities), analysis of the issuer’s financial statements or other available documents and, if necessary, available information concerning other securities in similar circumstances.
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.
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.
Fair value measurements: Descriptions of the valuation techniques applied to the Funds’ major categories of assets and liabilities measured at fair value on a recurring basis are as follows:
Investment company: Underlying Fund securities are valued at net asset value. These securities are actively traded and no valuation adjustments are applied. They are categorized in Level 1 of the fair value hierarchy.
The hierarchy classifications of inputs used to value the Funds’ investments, at April 30, 2012, are disclosed in the Valuation Summary of the Funds’ Schedules of Investments. Transfers between Levels are considered to have occurred at the end of the reporting period.
There were no significant transfers between Level 1 and Level 2 during the period ended April 30, 2012.
NOTE 3. RELATED PARTY TRANSACTIONS
TAM, the Funds’ investment adviser, is directly owned by Western Reserve Life Assurance Co. of Ohio and AUSA Holding Company (“AUSA”), both of which are indirect, wholly owned subsidiaries of AEGON NV. AUSA is wholly owned by AEGON USA, LLC (“AEGON USA”), a financial services holding company whose primary emphasis is on life and health insurance, and annuity and investment products. AEGON USA is owned by AEGON US Holding Corporation, which is owned by Transamerica Corporation (DE). Transamerica Corporation (DE) is owned by The AEGON Trust, which is owned by AEGON International B.V., which is owned by AEGON NV, a Netherlands corporation, and a publicly traded international insurance group.
Transamerica Fund Services, Inc. (“TFS”) is the Funds’ administrator and transfer agent. Transamerica Capital, Inc. (“TCI”) is the Funds’ distributor/principal underwriter. TAM, TFS, and TCI are affiliates of AEGON, NV.
Certain officers and trustees of the Funds are also officers and/or directors of TAM, TFS, and TCI. No interested trustee receives compensation from the Funds.
Because the Underlying Funds have varied expense and fee levels and the Funds may own different proportions of Underlying Funds at different times, the amount of fees and expenses incurred indirectly by the Funds will vary. The Funds have material ownership interests in the Underlying Funds.
At the commencement of operations of each of these Funds and classes, TAM invested in each Fund. As of April 30, 2012, TAM had investments in the Funds as follows:
Fund Name | Market Value | % of Fund’s Net Assets | ||||||
Transamerica Multi-Manager Alternative Strategies Portfolio | ||||||||
Class A | $ | 273 | 0.06 | % | ||||
Class C | 264 | 0.06 |
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 31 |
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2012
(all amounts in thousands)
(unaudited)
NOTE 3. (continued)
Investment advisory fees: The Funds pay management fees to TAM based on average daily net assets (“ANA”)at the following rates or breakpoints:
Transamerica Asset Allocation—Conservative Portfolio | ||||
ANA | 0.10 | % | ||
Transamerica Asset Allocation—Growth Portfolio | ||||
ANA | 0.10 | |||
Transamerica Asset Allocation—Moderate Growth Portfolio | ||||
ANA | 0.10 | |||
Transamerica Asset Allocation—Moderate Portfolio | ||||
ANA | 0.10 | |||
Transamerica Multi-Manager Alternative Strategies Portfolio | ||||
First $500 million | 0.20 | |||
Over $500 million up to $1 billion | 0.19 | |||
Over $1 billion | 0.18 | |||
Transamerica Multi-Manager International Portfolio | ||||
ANA | 0.10 |
TAM has contractually agreed to waive its advisory fees and/or reimburse the Funds to the extent that total operating expenses, excluding distribution and service fees, extraordinary expenses, and acquired (i.e. underlying) funds’ fees and expenses, exceed the following stated annual limit:
Fund Name | Expense Limit | |||
Transamerica Asset Allocation—Conservative Portfolio | 0.45 | % | ||
Transamerica Asset Allocation—Growth Portfolio | 0.45 | |||
Transamerica Asset Allocation—Moderate Growth Portfolio | 0.45 | |||
Transamerica Asset Allocation—Moderate Portfolio | 0.45 | |||
Transamerica Multi-Manager Alternative Strategies Portfolio | 0.55 | |||
Transamerica Multi-Manager International Portfolio | 0.45 |
If total Fund expenses, excluding 12b-1 fees and certain extraordinary expenses, fall below the annual expense limitation agreement agreed to by the adviser within the succeeding 36 months following any reimbursement from/by the adviser, the Funds may be required to pay the adviser a portion or all of the previously waived advisory and reimbursed fees.
There were no amounts recaptured for the period ended April 30, 2012.
The following amounts were available for recapture as of April 30, 2012:
Transamerica Multi-Manager International Portfolio | Reimbursement of Class Expenses | Available for Recapture Through | ||||
Fiscal Year 2010: | ||||||
Class B | $ | 7 | 10/31/2012 | |||
Fiscal Year 2011: | ||||||
Class B | 6 | 10/31/2013 |
Distribution and service fees: The Funds have 12b-1 distribution plans under the 1940 Act pursuant to which an annual fee, based on ANA, is paid to the distributor for various disbursements such as broker-dealer account servicing fees and other promotional expenses of the Funds. Pursuant to the distribution plan, the Trust entered into a distribution agreement with TCI as the Funds’ distributor. The Funds are authorized under the 12b-1 plans to pay fees on each available class up to the following limits: 0.30% for Class A (effective March 1, 2012); 1.00% for Class B; 1.00% for Class C; and 0.50% for Class R. 12b-1 fees are not applicable for Class I. Prior to March 1, 2012, Class A was authorized under the 12b-1 plan to pay a 0.35% fee. Amounts paid are included in the Statements of Operations.
Underwriter commissions relate to front-end sales charges imposed for Class A shares and contingent deferred sales charges from Classes B, Class C, and certain Class A share redemptions. For the period ended April 30, 2012 the underwriter commissions were as follows:
Transamerica Asset Allocation—Conservative Portfolio | ||||
Received by Underwriter | $ | 928 | ||
Retained by Underwriter | 151 | |||
Contingent Deferred Sales Charge | 84 | |||
Transamerica Asset Allocation—Growth Portfolio | ||||
Received by Underwriter | $ | 915 | ||
Retained by Underwriter | 138 | |||
Contingent Deferred Sales Charge | 99 | |||
Transamerica Asset Allocation—Moderate Growth Portfolio | ||||
Received by Underwriter | $ | 1,763 | ||
Retained by Underwriter | 267 | |||
Contingent Deferred Sales Charge | 240 |
Transamerica Asset Allocation—Moderate Portfolio | ||||
Received by Underwriter | $ | 1,376 | ||
Retained by Underwriter | 218 | |||
Contingent Deferred Sales Charge | 150 | |||
Transamerica Multi-Manager Alternative Strategies Portfolio | ||||
Received by Underwriter | $ | 476 | ||
Retained by Underwriter | 72 | |||
Contingent Deferred Sales Charge | 20 | |||
Transamerica Multi-Manager International Portfolio | ||||
Received by Underwriter | $ | 53 | ||
Retained by Underwriter | 9 | |||
Contingent Deferred Sales Charge | 15 |
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 32 |
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2012
(all amounts in thousands)
(unaudited)
NOTE 3. (continued)
Administrative services: The Funds have entered into an agreement with TFS for financial and legal fund administration services. Effective March 1, 2012, the Fund pays TFS an annual fee of 0.0175% of ANA. Prior to March 1, 2012, the Fund paid TFS an annual fee of 0.0125% of ANA. The Legal fees on the Statements of Operations are fees paid to external legal counsel.
Transfer agent fees: Pursuant to a Transfer Agency Agreement, as amended, the Funds pay TFS a fee for providing transfer agency services. Fees paid and the amounts due to TFS for the period ended April 30, 2012 were as follows:
Fund Name | Fees Paid to TFS | Due to TFS | ||||||
Transamerica Asset Allocation—Conservative Portfolio | $ | 570 | $ | 89 | ||||
Transamerica Asset Allocation—Growth Portfolio | 1,164 | 197 | ||||||
Transamerica Asset Allocation—Moderate Growth Portfolio | 1,797 | 294 | ||||||
Transamerica Asset Allocation—Moderate Portfolio | 1,065 | 170 | ||||||
Transamerica Multi-Manager Alternative Strategies Portfolio | 292 | 23 | ||||||
Transamerica Multi-Manager International Portfolio | 231 | 35 |
Deferred compensation plan: Under a non-qualified deferred compensation plan effective January 1, 1996, as amended and restated (the “Deferred Compensation Plan”), available to the Trustees, compensation may be deferred that would otherwise be payable by the Trust to an Independent Trustee on a current basis for services rendered as Trustee. Deferred compensation amounts will accumulate based on the value of Class A (or comparable) shares of a series of Transamerica Funds (without imposition of sales charge), or investment options under Transamerica Partners Institutional Funds and Transamerica Institutional Asset Allocation Funds, as elected by the Trustee.
NOTE 4. INVESTMENT TRANSACTIONS
The cost of affiliated investments purchased and proceeds from affiliated investments sold (excluding short-term securities) for the period ended April 30, 2012 were as follows:
Purchases of securities: | Proceeds from maturities and sales of securities: | |||||||||||||||
Fund Name | Long-term | U.S. Government | Long-term | U.S. Government | ||||||||||||
Transamerica Asset Allocation—Conservative Portfolio | $ | 152,121 | $ | — | $ | 154,943 | $ | — | ||||||||
Transamerica Asset Allocation—Growth Portfolio | 174,111 | — | 235,051 | — | ||||||||||||
Transamerica Asset Allocation—Moderate Growth Portfolio | 519,828 | — | 614,143 | — | ||||||||||||
Transamerica Asset Allocation—Moderate Portfolio | 333,137 | — | 367,954 | — | ||||||||||||
Transamerica Multi-Manager Alternative Strategies Portfolio | 49,228 | — | 19,770 | — | ||||||||||||
Transamerica Multi-Manager International Portfolio | 61,375 | — | 73,879 | — |
NOTE 5. FEDERAL INCOME TAX MATTERS
The Funds have not made any provision for federal income or excise taxes due to their policy to distribute all of their taxable income and capital gains to their shareholders and otherwise qualify as regulated investment companies under Subchapter M of the Internal Revenue Code. The Funds recognize the tax benefits of uncertain tax positions only where the position is “more likely than not” to be sustained assuming examination by tax authorities. Management has evaluated the Funds’ tax positions taken for all open years (2008 – 2010), or expected to be taken in the Funds’ 2011 tax return, and has concluded that no provision for income tax is required in the Funds’ financial statements. If applicable, the Funds recognize interest accrued related to unrecognized tax benefits in interest and penalties expense in Other on the Statements of Operations. The Funds identify their major tax jurisdictions as U.S. Federal, the state of Florida, and foreign jurisdictions where the Funds make significant investments; however, the Funds are not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will change materially in the next twelve months. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP. These differences are primarily due to different treatment for items including, but not limited to wash sales, net operating losses and capital loss carryforwards.
NOTE 6. SUBSEQUENT EVENTS
Management has evaluated subsequent events through the date of issuance of the financial statements, and determined that no other material events or transactions would require recognition or disclosure in the Funds’ financial statements.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 33 |
PROXY VOTING POLICIES AND PROCEDURES AND QUARTERLY PORTFOLIO HOLDINGS
(unaudited)
A description of the Transamerica Funds’ proxy voting policies and procedures is available in the Statement of Additional Information of the Funds, available without charge upon request by calling 1-888-233-4339 (toll free) or on the Securities and Exchange Commission’s (“SEC”) website at http://www.sec.gov.
In addition, the Funds are required to file Form N-PX, with their complete proxy voting records for the 12 months ended June 30th, no later than August 31st of each year. The Form is available without charge: (1) from the Funds, upon request by calling 1-888-233-4339; and (2) on the SEC’s website at http://www.sec.gov.
The Funds file their complete schedule of portfolio holdings with the SEC for the first and third quarter of each fiscal year on Form N-Q, which is available on the SEC’s website at http://www.sec.gov. The Funds’ Form N-Q may be reviewed and copied at the SEC’s Public Reference Room in Washington, D.C. Information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330.
You may also visit the Trust’s website at www.transamericainvestments.com for this and other information about the Funds and the Trust.
Important Notice Regarding Delivery of Shareholder Documents
Every year we send shareholders informative materials such as the Transamerica Funds Annual Report, the Transamerica Funds Prospectus, and other required documents that keep you informed regarding your Funds. Transamerica Funds will only send one piece per mailing address, a method that saves your Funds money by reducing mailing and printing costs. We will continue to do this unless you tell us not to. To elect to receive individual mailings, simply call a Transamerica Customer Service Representative toll free at 1-888-233-4339, 8 a.m. to 7 p.m. Eastern Time, Monday–Friday. Your request will take effect within 30 days.
Transamerica Funds | Page 34 | Semi-Annual Report 2012 |
NOTICE OF PRIVACY POLICY
(unaudited)
Your privacy is very important to us. We want you to understand what information we collect and how we use it. We collect and use “nonpublic personal information” in connection with providing our customers with a broad range of financial products and services as effectively and conveniently as possible. We treat nonpublic personal information in accordance with our Privacy Policy.
What Information We Collect and From Whom We Collect It
We may collect nonpublic personal information about you from the following sources:
• | Information we receive from you on applications or other forms, such as your name, address, and account number; |
• | Information about your transactions with us, our affiliates, or others, such as your account balance and purchase/redemption history; and |
• | Information we receive from non-affiliated third parties, including consumer reporting agencies. |
What Information We Disclose and To Whom We Disclose It
We do not disclose any nonpublic personal information about current or former customers to anyone without their express consent, except as permitted by law. We may disclose the nonpublic personal information we collect, as described above, to persons or companies that perform services on our behalf and to other financial institutions with which we have joint marketing agreements. We will require these companies to protect the confidentiality of your nonpublic personal information and to use it only to perform the services for which we have hired them.
Our Security Procedures
We restrict access to your nonpublic personal information and only allow disclosures to persons and companies as permitted by law to assist in providing products or services to you. We maintain physical, electronic, and procedural safeguards to protect your nonpublic personal information and to safeguard the disposal of certain consumer information.
If you have any questions about our Privacy Policy, please call 1-888-233-4339 on any business day between 8 a.m. and 7 p.m. Eastern Time.
Note: This Privacy Policy applies only to customers that have a direct relationship with us or our affiliates. If you own shares of our funds in the name of a third party such as a bank or broker-dealer, its privacy policy may apply to you instead of ours.
Transamerica Funds | Page 35 | Semi-Annual Report 2012 |
Customer Service 1-888-233-4339
P.O. Box 9012 • Clearwater, FL 33758-9012
Distributor: Transamerica Capital, Inc.
Open Funds
Semi-Annual Report
April 30, 2012
www.transamericainvestments.com
Customer Service 1-888-233-4339
P.O. Box 9012 • Clearwater, FL 33758-9012
Distributor: Transamerica Capital, Inc.
Dear Fellow Shareholder,
On behalf of Transamerica Funds, we would like to thank you for your continued support and confidence in our products as we look forward to continuing to serve you and your financial adviser in the future. We value the trust you have placed in us.
This semi-annual report is provided to you with the intent of presenting a comprehensive review of the investments of each of your funds. The Securities and Exchange Commission requires that annual and semi-annual reports be sent to all shareholders, and we believe this report to be an important part of the investment process. In addition to providing a comprehensive review, this report also provides a discussion of accounting policies as well as matters presented to shareholders that may have required their vote.
We believe it is important to understand market conditions over the last six months in order to provide a context for reading this report. As the period began in November of 2011, the crisis in Europe had already driven most global asset prices down. Investors were gripped by the fear of both a European Sovereign default and a large European bank failure potentially causing a global banking crisis. In December, the European Central Bank responded by making unlimited loans available to troubled European banks. In turn, these European banks used a portion of this money to purchase Sovereign bonds. The combined effect was to significantly reduce market fear and selling pressure.
Then, in January and February of 2012, economic strength in the United States coincided with temporarily improved economic results in Asia and Europe. Relieved investors jumped back into risky assets, and as a result, equity and bond markets across the globe rallied strongly for the first two months of the year. In March and April, economic weakness in Europe and in China reasserted itself, and as a result, global equities gave up a significant portion of their gains. U.S. economics weakened slightly but remained strong relative to the rest of the world allowing U.S. equities to hold their ground. For the six month period ending April 30, 2012, the Standard & Poor’s 500® Index gained 12.77%, the Morgan Stanley Capital International–Europe, Australasia, and Far East Index gained 2.71%, and the Barclays U.S. Aggregate Bond Index gained 2.44%. Please keep in mind it is important to maintain a diversified portfolio as investment returns have historically been difficult to predict.
In addition to your active involvement in the investment process, we firmly believe that a financial adviser is a key resource to help you build a complete picture of your current and future financial needs. Financial advisers are familiar with the market’s history, including long-term returns and volatility of various asset classes. With your financial adviser, you can develop an investment program that incorporates factors such as your goals, your investment timeline, and your risk tolerance.
Please contact your financial adviser if you have any questions about the contents of this report, and thanks again for the confidence you have placed in us.
Sincerely,
Thomas A. Swank | Christopher A. Staples | |
President & Chief Executive Officer | Vice President & Chief Investment Officer | |
Transamerica Funds | Transamerica Funds |
Understanding Your Funds’ Expenses
(unaudited)
SHAREHOLDER EXPENSES
Fund shareholders may incur two types of costs: (1) transaction costs, including sales charges (loads) on purchases, contingent deferred sales charges on redemptions and redemption fees; and (2) ongoing costs, including management fees, dividend expense on short-sales, and other fund expenses.
The following examples are intended to help you understand your ongoing costs (in dollars and cents) of investing in the funds and to compare these costs with the ongoing costs of investing in other funds.
The examples are based on an investment of $1,000 invested at November 1, 2011 and held for the entire period until April 30, 2012.
ACTUAL EXPENSES
The information in the table under the heading “Actual Expenses” provides information about actual account values and actual expenses. You may use the information in these columns, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = $8.60), then multiply the result by the number in the appropriate column for your share class titled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period. If your account is an IRA, your expenses could have included a $15 annual fee. The amount of any fee paid through your account would increase the estimate of expenses you paid during the period and decrease your ending account value.
HYPOTHETICAL EXAMPLES FOR COMPARISON PURPOSES
The information in the table under the heading “Hypothetical Expenses” provides information about hypothetical account values and hypothetical expenses based on the funds’ actual expense ratios and an assumed rate of return of 5% per year before expenses, which are not the funds’ actual returns. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in your funds and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds. As in the case of the actual expense example, if your account is subject to an IRA fee, the amount of the fee paid through your account would increase the hypothetical expenses you would have paid during the period and decrease the hypothetical ending account value.
Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs. Therefore, the information under the heading “Hypothetical Expenses” is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher. The expenses shown in the table do not reflect any fees that may be charged to you by brokers, financial intermediaries or other financial institutions.
Expense ratios may vary period to period because of various factors, such as an increase in expenses that are not a part of the advisory and administrative fees. Examples of such fees and expenses of the trustees and their counsel, extraordinary expenses, and interest expense.
Actual Expenses | Hypothetical Expenses (A) | |||||||||||||||||||||||
Fund Name(B) | Beginning Account Value | Ending Account Value | Expenses Paid During Period(C) | Ending Account Value | Expenses Paid During Period(C) | Annualized Expense Ratio | ||||||||||||||||||
Transamerica Capital Growth |
| |||||||||||||||||||||||
Class A | $ | 1,000.00 | $ | 1,103.20 | $ | 8.00 | $ | 1,017.26 | $ | 7.67 | 1.53 | % | ||||||||||||
Class B | 1,000.00 | 1,100.20 | 11.49 | 1,013.92 | 11.02 | 2.20 | ||||||||||||||||||
Class C | 1,000.00 | 1,100.30 | 11.02 | 1,014.37 | 10.57 | 2.11 | ||||||||||||||||||
Class I | 1,000.00 | 1,106.10 | 4.97 | 1,020.14 | 4.77 | 0.95 | ||||||||||||||||||
Class I2 | 1,000.00 | 1,107.50 | 4.40 | 1,020.69 | 4.22 | 0.84 | ||||||||||||||||||
Transamerica Diversified Equity |
| |||||||||||||||||||||||
Class A | 1,000.00 | 1,119.80 | 7.85 | 1,017.45 | 7.47 | 1.49 | ||||||||||||||||||
Class B | 1,000.00 | 1,115.90 | 11.42 | 1,014.07 | 10.87 | 2.17 | ||||||||||||||||||
Class C | 1,000.00 | 1,115.30 | 11.41 | 1,014.07 | 10.87 | 2.17 | ||||||||||||||||||
Class I | 1,000.00 | 1,122.10 | 4.64 | 1,020.49 | 4.42 | 0.88 | ||||||||||||||||||
Class I2 | 1,000.00 | 1,123.10 | 4.12 | 1,020.98 | 3.92 | 0.78 | ||||||||||||||||||
Class T | 1,000.00 | 1,042.20 | 2.30 | (D) | 1,019.74 | 5.17 | 1.03 | |||||||||||||||||
Transamerica Emerging Markets Debt |
| |||||||||||||||||||||||
Class A | 1,000.00 | 1,096.40 | 6.46 | 1,018.70 | 6.22 | 1.24 | ||||||||||||||||||
Class C | 1,000.00 | 1,093.00 | 9.89 | 1,015.42 | 9.52 | 1.90 | ||||||||||||||||||
Class I | 1,000.00 | 1,097.90 | 5.01 | 1,020.09 | 4.82 | 0.96 | ||||||||||||||||||
Class I2 | 1,000.00 | 1,098.40 | 4.23 | 1,020.84 | 4.07 | 0.81 | ||||||||||||||||||
Transamerica Flexible Income |
| |||||||||||||||||||||||
Class A | 1,000.00 | 1,057.20 | 4.81 | 1,020.19 | 4.72 | 0.94 | ||||||||||||||||||
Class B | 1,000.00 | 1,052.70 | 9.34 | 1,015.76 | 9.17 | 1.83 | ||||||||||||||||||
Class C | 1,000.00 | 1,053.00 | 8.37 | 1,016.71 | 8.22 | 1.64 | ||||||||||||||||||
Class I | 1,000.00 | 1,057.90 | 3.43 | 1,021.53 | 3.37 | 0.67 | ||||||||||||||||||
Class I2 | 1,000.00 | 1,058.50 | 2.92 | 1,022.03 | 2.87 | 0.57 | ||||||||||||||||||
Transamerica Growth Opportunities |
| |||||||||||||||||||||||
Class A | 1,000.00 | 1,060.10 | 8.86 | 1,016.26 | 8.67 | 1.73 | ||||||||||||||||||
Class B | 1,000.00 | 1,055.90 | 12.17 | 1,013.03 | 11.91 | 2.38 | ||||||||||||||||||
Class C | 1,000.00 | 1,055.50 | 11.65 | 1,013.53 | 11.41 | 2.28 | ||||||||||||||||||
Class I | 1,000.00 | 1,062.80 | 4.97 | 1,020.04 | 4.87 | 0.97 | ||||||||||||||||||
Class I2 | 1,000.00 | 1,064.20 | 4.41 | 1,020.59 | 4.32 | 0.86 | ||||||||||||||||||
Transamerica High Yield Bond |
| |||||||||||||||||||||||
Class A | 1,000.00 | 1,077.30 | 5.63 | 1,019.44 | 5.47 | 1.09 | ||||||||||||||||||
Class B | 1,000.00 | 1,073.10 | 9.54 | 1,015.66 | 9.27 | 1.85 | ||||||||||||||||||
Class C | 1,000.00 | 1,072.90 | 9.02 | 1,016.16 | 8.77 | 1.75 | ||||||||||||||||||
Class I | 1,000.00 | 1,078.60 | 3.98 | 1,021.03 | 3.87 | 0.77 | ||||||||||||||||||
Class I2 | 1,000.00 | 1,078.90 | 3.46 | 1,021.53 | 3.37 | 0.67 |
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 1 |
Understanding Your Funds’ Expenses (continued)
(unaudited)
Actual Expenses | Hypothetical Expenses (A) | |||||||||||||||||||||||
Fund Name(B) | Beginning Account Value | Ending Account Value | Expenses Paid During Period(C) | Ending Account Value | Expenses Paid During Period(C) | Annualized Expense Ratio | ||||||||||||||||||
Transamerica International Bond |
| |||||||||||||||||||||||
Class A | $ | 1,000.00 | $ | 1,007.90 | $ | 1.73 | (E) | $ | 1,019.64 | $ | 5.27 | 1.05 | % | |||||||||||
Class C | 1,000.00 | 1,006.50 | 2.88 | (E) | 1,016.16 | 8.77 | 1.75 | |||||||||||||||||
Class I | 1,000.00 | 1,008.20 | 1.23 | (E) | 1,021.13 | 3.77 | 0.75 | |||||||||||||||||
Class I2 | 1,000.00 | 1,007.60 | 3.29 | 1,021.58 | 3.32 | 0.66 | ||||||||||||||||||
Transamerica International Equity |
| |||||||||||||||||||||||
Class A | 1,000.00 | 1,069.00 | 7.41 | 1,017.70 | 7.22 | 1.44 | ||||||||||||||||||
Class C | 1,000.00 | 1,066.70 | 10.53 | 1,014.67 | 10.27 | 2.05 | ||||||||||||||||||
Class I | 1,000.00 | 1,070.80 | 5.51 | 1,019.54 | 5.37 | 1.07 | ||||||||||||||||||
Class I2 | 1,000.00 | 1,071.50 | 4.94 | 1,020.09 | 4.82 | 0.96 | ||||||||||||||||||
Transamerica Money Market |
| |||||||||||||||||||||||
Class A | 1,000.00 | 1,000.00 | 1.34 | 1,023.52 | 1.36 | 0.27 | ||||||||||||||||||
Class B | 1,000.00 | 1,000.00 | 1.34 | 1,023.52 | 1.36 | 0.27 | ||||||||||||||||||
Class C | 1,000.00 | 1,000.00 | 1.29 | 1,023.57 | 1.31 | 0.26 | ||||||||||||||||||
Class I | 1,000.00 | 1,000.10 | 1.19 | 1,023.67 | 1.21 | 0.24 | ||||||||||||||||||
Class I2 | 1,000.00 | 1,000.20 | 1.09 | 1,023.77 | 1.11 | 0.22 | ||||||||||||||||||
Transamerica Multi-Managed Balanced |
| |||||||||||||||||||||||
Class A | 1,000.00 | 1,084.70 | 7.93 | 1,017.26 | 7.67 | 1.53 | ||||||||||||||||||
Class B | 1,000.00 | 1,079.80 | 12.51 | 1,012.83 | 12.11 | 2.42 | ||||||||||||||||||
Class C | 1,000.00 | 1,081.50 | 10.71 | 1,014.57 | 10.37 | 2.07 | ||||||||||||||||||
Class I | 1,000.00 | 1,087.20 | 5.40 | 1,019.69 | 5.22 | 1.04 | ||||||||||||||||||
Transamerica Quality Value |
| |||||||||||||||||||||||
Class A | 1,000.00 | 1,110.50 | 6.24 | 1,018.95 | 5.97 | 1.19 | ||||||||||||||||||
Class C | 1,000.00 | 1,106.00 | 9.84 | 1,015.51 | 9.42 | 1.88 | ||||||||||||||||||
Class I | 1,000.00 | 1,111.90 | 4.46 | 1,020.64 | 4.27 | 0.85 | ||||||||||||||||||
Class I2 | 1,000.00 | 1,112.30 | 3.89 | 1,021.18 | 3.72 | 0.74 | ||||||||||||||||||
Transamerica Short-Term Bond |
| |||||||||||||||||||||||
Class A | 1,000.00 | 1,029.00 | 4.14 | 1,020.79 | 4.12 | 0.82 | ||||||||||||||||||
Class C | 1,000.00 | 1,025.10 | 8.01 | 1,016.96 | 7.97 | 1.59 | ||||||||||||||||||
Class I | 1,000.00 | 1,030.20 | 3.18 | 1,021.73 | 3.17 | 0.63 | ||||||||||||||||||
Class I2 | 1,000.00 | 1,031.70 | 2.68 | 1,022.23 | 2.66 | 0.53 | ||||||||||||||||||
Transamerica Small/Mid Cap Value |
| |||||||||||||||||||||||
Class A | 1,000.00 | 1,123.90 | 7.45 | 1,017.85 | 7.07 | 1.41 | ||||||||||||||||||
Class B | 1,000.00 | 1,120.70 | 10.97 | 1,014.52 | 10.42 | 2.08 | ||||||||||||||||||
Class C | 1,000.00 | 1,120.40 | 10.70 | 1,014.77 | 10.17 | 2.03 | ||||||||||||||||||
Class I | 1,000.00 | 1,126.00 | 5.13 | 1,020.04 | 4.87 | 0.97 | ||||||||||||||||||
Class I2 | 1,000.00 | 1,127.70 | 4.60 | 1,020.54 | 4.37 | 0.87 | ||||||||||||||||||
Transamerica Tactical Income |
| |||||||||||||||||||||||
Class A | 1,000.00 | 1,044.00 | 4.68 | (F) | 1,020.29 | 4.62 | 0.92 | |||||||||||||||||
Class C | 1,000.00 | 1,039.70 | 8.47 | (F) | 1,016.56 | 8.37 | 1.67 | |||||||||||||||||
Class I | 1,000.00 | 1,044.70 | 3.41 | (F) | 1,021.53 | 3.37 | 0.67 |
(A) | 5% return per year before expenses. |
(B) | See the notes to the financial statements for information regarding name changes for the funds. |
(C) | Expenses are calculated using the fund’s annualized expense ratio (as disclosed in the table), multiplied by the average account value for the period, multiplied by the number of days in the period (182 days), and divided by the number of days in the year (366 days). |
(D) | Expenses are calculated using the fund’s annualized expense ratio (as disclosed in the table), multiplied by the average account value for the period, multiplied by the number of days in the period (80 days), and divided by the number of days in the year (366 days). |
(E) | Expenses are calculated using the fund’s annualized expense ratio (as disclosed in the table), multiplied by the average account value for the period, multiplied by the number of days in the period (60 days), and divided by the number of days in the year (366 days). |
(F) | Expenses are calculated using the fund’s annualized expense ratio (as disclosed in the table), multiplied by the average account value for the period, multiplied by the number of days in the period (183 days), and divided by the number of days in the year (366 days). |
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 2 |
Schedules of Investments Composition
At April 30, 2012
(The following charts summarize the Schedule of Investments of each fund by asset type.)
(unaudited)
Transamerica Capital Growth | % of Net Assets | |||
Common Stocks | 95.4 | % | ||
Securities Lending Collateral | 13.2 | |||
Repurchase Agreement | 4.6 | |||
Preferred Stock | 0.6 | |||
Other Assets and Liabilities—Net | (13.8 | ) | ||
|
| |||
Total | 100.0 | % | ||
|
|
Transamerica Diversified Equity | % of Net Assets | |||
Common Stocks | 99.9 | % | ||
Securities Lending Collateral | 4.5 | |||
Repurchase Agreement | 0.0 | (A) | ||
Other Assets and Liabilities—Net | (4.4 | ) | ||
|
| |||
Total | 100.0 | % | ||
|
|
Transamerica Emerging Markets Debt | % of Net Assets | |||
Foreign Government Obligations | 55.9 | % | ||
Corporate Debt Securities | 39.4 | |||
Securities Lending Collateral | 24.4 | |||
Repurchase Agreement | 2.2 | |||
Other Assets and Liabilities—Net | (21.9 | )(B) | ||
|
| |||
Total | 100.0 | % | ||
|
|
Transamerica Flexible Income | % of Net Assets | |||
Corporate Debt Securities | 62.9 | % | ||
Securities Lending Collateral | 11.7 | |||
Mortgage-Backed Securities | 9.0 | |||
U.S. Government Obligations | 6.9 | |||
Repurchase Agreement | 5.0 | |||
Foreign Government Obligations | 4.0 | |||
Asset-Backed Securities | 2.8 | |||
Preferred Corporate Debt Securities | 1.7 | |||
Preferred Stocks | 1.5 | |||
Municipal Government Obligations | 1.4 | |||
Common Stock | 1.1 | |||
Warrant | 0.6 | |||
Loan Assignment | 0.6 | |||
Convertible Preferred Stock | 0.5 | |||
Convertible Bonds | 0.4 | |||
U.S. Government Agency Obligation | 0.3 | |||
Other Assets and Liabilities—Net | (10.4 | ) | ||
|
| |||
Total | 100.0 | % | ||
|
|
Transamerica Growth Opportunities | % of Net Assets | |||
Common Stocks | 98.3 | % | ||
Securities Lending Collateral | 21.8 | |||
Preferred Stocks | 0.7 | |||
Repurchase Agreement | 0.6 | |||
Convertible Preferred Stock | 0.4 | |||
Other Assets and Liabilities—Net | (21.8 | ) | ||
|
| |||
Total | 100.0 | % | ||
|
|
Transamerica High Yield Bond | % of Net Assets | |||
Corporate Debt Securities | 90.2 | % | ||
Securities Lending Collateral | 17.7 | |||
Repurchase Agreement | 4.9 | |||
Preferred Stocks | 2.5 | |||
Common Stocks | 0.6 | |||
Structured Notes Debt | 0.4 | |||
Warrants | 0.0 | (A) | ||
Other Assets and Liabilities—Net | (16.3 | ) | ||
|
| |||
Total | 100.0 | % | ||
|
|
Transamerica International Bond | % of Net Assets | |||
Foreign Government Obligations | 70.8 | % | ||
Corporate Debt Securities | 22.3 | |||
Mortgage-Backed Security | 1.4 | |||
Repurchase Agreement | 0.2 | |||
Other Assets and Liabilities—Net | 5.3 | (B) | ||
|
| |||
Total | 100.0 | % | ||
|
|
Transamerica International Equity | % of Net Assets | |||
Common Stocks | 94.8 | % | ||
Securities Lending Collateral | 12.1 | |||
Repurchase Agreement | 4.0 | |||
Preferred Stock | 0.5 | |||
Other Assets and Liabilities—Net | (11.4 | ) | ||
|
| |||
Total | 100.0 | % | ||
|
|
Transamerica Money Market | % of Net Assets | |||
Commercial Paper | 67.1 | % | ||
Repurchase Agreements | 19.7 | |||
Certificates of Deposit | 7.7 | |||
Short-Term U.S. Government Obligations | 5.6 | |||
Other Assets and Liabilities—Net | (0.1 | ) | ||
|
| |||
Total | 100.0 | % | ||
|
|
Transamerica Multi-Managed Balanced | % of Net Assets | |||
Common Stocks | 60.7 | % | ||
Securities Lending Collateral | 18.3 | |||
U.S. Government Agency Obligations | 15.2 | |||
Corporate Debt Securities | 10.9 | |||
Mortgage-Backed Securities | 5.6 | |||
U.S. Government Obligations | 5.4 | |||
Investment Company | 3.8 | |||
Asset-Backed Securities | 2.3 | |||
Repurchase Agreement | 0.7 | |||
Foreign Government Obligations | 0.5 | |||
Preferred Corporate Debt Securities | 0.2 | |||
Preferred Stock | 0.0 | (A) | ||
Purchased Options | 0.0 | (A) | ||
Other Assets and Liabilities—Net | (23.6 | )(B) | ||
|
| |||
Total | 100.0 | % | ||
|
|
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 3 |
Schedules of Investments Composition (continued)
At April 30, 2012
(The following charts summarize the Schedule of Investments of each fund by asset type.)
(unaudited)
Transamerica Quality Value | % of Net Assets | |||
Common Stocks | 98.8 | % | ||
Securities Lending Collateral | 1.7 | |||
Repurchase Agreement | 1.3 | |||
Other Assets and Liabilities—Net | (1.8 | ) | ||
|
| |||
Total | 100.0 | % | ||
|
|
Transamerica Short-Term Bond | % of Net Assets | |||
Corporate Debt Securities | 61.5 | % | ||
Mortgage-Backed Securities | 25.5 | |||
Asset-Backed Securities | 6.3 | |||
Securities Lending Collateral | 3.3 | |||
Loan Assignments | 3.0 | |||
Repurchase Agreement | 1.9 | |||
Municipal Government Obligation | 0.7 | |||
U.S. Government Agency Obligation | 0.0 | (A) | ||
Other Assets and Liabilities—Net | (2.2 | ) | ||
|
| |||
Total | 100.0 | % | ||
|
|
(A) | Amount rounds to less than 0.1% |
(B) | The Other Assets and Liabilities—Net category may include, but is not limited to Forward Foreign Currency Contracts, Futures Contracts, Swap Agreements, Written Options and Swaptions, Securities Sold Short, and Cash Collateral. |
Transamerica Small/Mid Cap Value | % of Net Assets | |||
Common Stocks | 96.9 | % | ||
Securities Lending Collateral | 13.0 | |||
Repurchase Agreement | 2.5 | |||
Other Assets and Liabilities—Net | (12.4 | ) | ||
|
| |||
Total | 100.0 | % | ||
|
|
Transamerica Tactical Income | % of Net Assets | |||
Investment Companies | 94.1 | % | ||
Repurchase Agreement | 4.2 | |||
Other Assets and Liabilities—Net | 1.7 | |||
|
| |||
Total | 100.0 | % | ||
|
|
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 4 |
Transamerica Capital Growth
(formerly, Transamerica Morgan Stanley Capital Growth)
SCHEDULE OF INVESTMENTS
At April 30, 2012
(unaudited)
Shares | Value (000’s) | |||||||
PREFERRED STOCK—0.6% |
| |||||||
Automobiles—0.6% | ||||||||
Better Place Series C ‡ ə § r | 1,099,962 | $ | 4,444 | |||||
Total Preferred Stock (cost $4,994) |
| |||||||
COMMON STOCKS—95.4% | ||||||||
Air Freight & Logistics—1.5% | ||||||||
Expeditors International of Washington, Inc. | 293,838 | 11,754 | ||||||
Capital Markets—1.5% | ||||||||
Charles Schwab Corp. ^ | 626,735 | 8,962 | ||||||
Goldman Sachs Group, Inc. | 23,082 | 2,658 | ||||||
Chemicals—2.6% | ||||||||
Monsanto Co. | 271,442 | 20,678 | ||||||
Commercial Services & Supplies—3.5% |
| |||||||
Edenred | 866,086 | 27,664 | ||||||
Communications Equipment—3.7% |
| |||||||
Motorola Solutions, Inc. | 572,051 | 29,192 | ||||||
Computers & Peripherals—11.3% |
| |||||||
Apple, Inc. ‡ | 151,029 | 88,237 | ||||||
Distributors—1.8% | ||||||||
Li & Fung, Ltd. ^ | 6,740,000 | 14,421 | ||||||
Diversified Financial Services—6.4% |
| |||||||
Bank of America Corp. | 351,574 | 2,851 | ||||||
BM&FBovespa SA | 2,081,074 | 11,703 | ||||||
Citigroup, Inc. | 86,821 | 2,869 | ||||||
CME Group, Inc.—Class A | 38,561 | 10,250 | ||||||
Leucadia National Corp. ^ | 458,638 | 11,402 | ||||||
MSCI, Inc.—Class A ‡^ | 316,851 | 11,594 | ||||||
Electrical Equipment—0.3% | ||||||||
First Solar, Inc. ‡^ | 118,629 | 2,183 | ||||||
Food Products—3.1% | ||||||||
Mead Johnson Nutrition Co.—Class A | 281,715 | 24,104 | ||||||
Health Care Equipment & Supplies—3.8% |
| |||||||
Intuitive Surgical, Inc. ‡ | 52,073 | 30,109 | ||||||
Hotels, Restaurants & Leisure—4.8% |
| |||||||
Las Vegas Sands Corp. | 218,045 | 12,099 | ||||||
Starbucks Corp. | 224,501 | 12,882 | ||||||
Yum! Brands, Inc. | 173,811 | 12,641 | ||||||
Insurance—0.4% | ||||||||
American International Group, Inc. ‡ | 99,934 | 3,401 | ||||||
Internet & Catalog Retail—13.5% |
| |||||||
Amazon.com, Inc. ‡ | 308,817 | 71,615 | ||||||
Groupon, Inc.—Class A ‡^ | 448,497 | 4,803 | ||||||
NetFlix, Inc. ‡^w | 77,740 | 6,230 | ||||||
priceline.com, Inc. ‡ | 30,382 | 23,115 | ||||||
Internet Software & Services—16.1% |
| |||||||
Baidu, Inc. ADR ‡ | 176,037 | 23,360 | ||||||
eBay, Inc. ‡ | 319,433 | 13,113 | ||||||
Facebook, Inc.—Class B ‡ ə § r | 764,836 | 24,023 | ||||||
Google, Inc.—Class A ‡ | 68,369 | 41,380 | ||||||
Linkedin Corp.—Class A ‡^ | 133,008 | 14,425 | ||||||
Yandex NV—Class A ‡^ | 388,312 | 9,211 | ||||||
Life Sciences Tools & Services—1.7% |
| |||||||
Illumina, Inc. ‡^ | 300,996 | 13,403 | ||||||
Media—3.2% | ||||||||
McGraw-Hill Cos., Inc. | 240,507 | 11,826 | ||||||
Naspers, Ltd.—Class N | 227,189 | 13,691 | ||||||
Metals & Mining—1.0% | ||||||||
Molycorp, Inc. ‡^ | 294,672 | 7,974 | ||||||
Oil, Gas & Consumable Fuels—2.2% |
| |||||||
Range Resources Corp. | 136,018 | 9,067 | ||||||
Ultra Petroleum Corp. ‡^ | 401,481 | 7,933 | ||||||
Pharmaceuticals—1.8% | ||||||||
Valeant Pharmaceuticals International, Inc. ‡ | 251,397 | 13,985 |
Shares | Value (000’s) | |||||||
Real Estate Management & Development—3.4% |
| |||||||
Brookfield Asset Management, | 809,475 | $ | 26,696 | |||||
Semiconductors & Semiconductor Equipment—1.5% |
| |||||||
ARM Holdings PLC ADR ^ | 402,329 | 10,191 | ||||||
NVIDIA Corp. ‡ | 141,771 | 1,843 | ||||||
Software—4.6% | ||||||||
Salesforce.com, Inc. ‡^ | 132,143 | 20,579 | ||||||
VMware, Inc.—Class A ‡ | 70,430 | 7,868 | ||||||
Zynga, Inc.—Class A ‡^ | 964,143 | 8,041 | ||||||
Trading Companies & Distributors—1.7% |
| |||||||
Fastenal Co. ^ | 286,740 | 13,425 | ||||||
|
| |||||||
Total Common Stocks |
| 749,451 | ||||||
|
| |||||||
SECURITIES LENDING COLLATERAL—13.2% |
| |||||||
State Street Navigator Securities Lending Trust—Prime Portfolio, 0.29% p | 103,625,418 | 103,625 | ||||||
Total Securities Lending Collateral (cost $103,625) |
| |||||||
Principal (000’s) | Value (000’s) | |||||||
REPURCHASE AGREEMENT—4.6% |
| |||||||
State Street Bank & Trust Co. 0.03% p, dated 04/30/2012, to be repurchased at $36,509 on 05/01/2012. Collateralized by a U.S. Government Agency Obligation, 3.00%, due 12/01/2026, and with a value of $37,241. | $ | 36,509 | 36,509 | |||||
Total Repurchase Agreement (cost $36,509) |
| |||||||
|
| |||||||
Total Investment Securities (cost $795,427) P |
| 894,029 | ||||||
Other Assets and Liabilities—Net | (108,228 | ) | ||||||
|
| |||||||
Net Assets | $ | 785,801 | ||||||
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 5 |
Transamerica Capital Growth
(formerly, Transamerica Morgan Stanley Capital Growth)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
NOTES TO SCHEDULE OF INVESTMENTS (all amounts in thousands):
‡ | Non-income producing security. |
ə | Fair valued as determined in good faith in accordance with procedures established by the Board of Trustees. Total aggregate market value of fair valued securities is $28,467, or 3.62% of the fund’s net assets. |
§ | Illiquid. Total aggregate market value of illiquid securities is $28,467, or 3.62% of the fund’s net assets. |
r | Restricted. At 04/30/2012, the fund owned the respective securities (representing 3.62% of the fund’s net assets) which were restricted to public resale: |
Description | Date of Acquisition | Shares* | Cost | Fair Value | Fair Value Per Share* | |||||||||||||||
Better Place, Series C | 11/11/2011 | 1,099,962 | $ | 4,994 | $ | 4,444 | $ | 4.04 | ||||||||||||
Facebook, Inc.—Class B | 03/06/2012 | 764,836 | 23,327 | 24,023 | 3.14 |
* | Amount not in thousands. |
^ | All or a portion of this security is on loan. The value of all securities on loan is $100,975. |
p | Rate shown reflects the yield at 04/30/2012. |
P | Aggregate cost for federal income tax purposes is $795,427. Aggregate gross unrealized appreciation/depreciation for all securities in which there is an excess of value over tax cost were $132,090 and $33,488, respectively. Net unrealized appreciation for tax purposes is $98,602. |
DEFINITION:
ADR | American Depositary Receipt |
VALUATION SUMMARY (all amounts in thousands): '
Investment Securities | Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Value at 04/30/2012 | ||||||||||||
Common Stocks | $ | 636,101 | $ | 89,327 | $ | 24,023 | $ | 749,451 | ||||||||
Preferred Stock | — | — | 4,444 | 4,444 | ||||||||||||
Repurchase Agreement | — | 36,509 | — | 36,509 | ||||||||||||
Securities Lending Collateral | 103,625 | — | — | 103,625 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total | $ | 739,726 | $ | 125,836 | $ | 28,467 | $ | 894,029 | ||||||||
|
|
|
|
|
|
|
|
Level 3 Rollforward—Investment Securities
Securities | Beginning Balance at 10/31/2011 | Purchases | Sales | Accrued Discounts/ (Premiums) | Total Realized Gain/(Loss) | Net Change in Unrealized Appreciation/ (Depreciation) ƒ | Transfers into Level 3 | Transfers out of Level 3 | Ending Balance at 04/30/2012 | Net Change in Unrealized Appreciation/ (Depreciation) on Investments Held at 04/30/2012 ƒ | ||||||||||||||||||||||||||||||
Common Stocks | $ | — | $ | 23,327 | $ | — | $ | — | $ | — | $ | 696 | $ | — | $ | — | $ | 24,023 | $ | 696 | ||||||||||||||||||||
Preferred Stocks | — | 4,994 | — | — | — | (550 | ) | — | — | 4,444 | (550 | ) | ||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||||||||||
Total | $ | — | $ | 28,321 | $ | — | $ | — | $ | — | $ | 146 | $ | — | $ | — | $ | 28,467 | $ | 146 | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
' | See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
ƒ | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at 04/30/2012 may be due to an investment no longer held or categorized as Level 3 at period end. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 6 |
Transamerica Diversified Equity
(formerly, Transamerica WMC Diversified Equity)
SCHEDULE OF INVESTMENTS
At April 30, 2012
(unaudited)
Shares | Value (000’s) | |||||||
COMMON STOCKS—99.9% |
| |||||||
Aerospace & Defense—2.2% |
| |||||||
Boeing Co. | 255,582 | $ | 19,628 | |||||
Honeywell International, Inc. | 274,374 | 16,644 | ||||||
Beverages—2.6% | ||||||||
Coca-Cola Co. | 565,137 | 43,131 | ||||||
Biotechnology—5.3% | ||||||||
Amgen, Inc. | 446,244 | 31,733 | ||||||
Biogen Idec, Inc. ‡ | 142,185 | 19,054 | ||||||
Celgene Corp. ‡ | 275,356 | 20,079 | ||||||
Gilead Sciences, Inc. ‡ | 295,045 | 15,345 | ||||||
Chemicals—1.5% | ||||||||
CF Industries Holdings, Inc. | 54,966 | 10,612 | ||||||
Sherwin-Williams Co. | 112,193 | 13,494 | ||||||
Communications Equipment—8.2% |
| |||||||
Cisco Systems, Inc. | 3,898,586 | 78,556 | ||||||
Emulex Corp. ‡ | 790,640 | 6,863 | ||||||
F5 Networks, Inc. ‡ | 105,217 | 14,092 | ||||||
QUALCOMM, Inc. | 503,514 | 32,144 | ||||||
Riverbed Technology, Inc. ‡^ | 129,650 | 2,558 | ||||||
Computers & Peripherals—14.1% |
| |||||||
Apple, Inc. ‡ | 221,621 | 129,481 | ||||||
Dell, Inc. ‡ | 774,612 | 12,680 | ||||||
EMC Corp. ‡ | 1,940,986 | 54,756 | ||||||
NetApp, Inc. ‡ | 387,924 | 15,063 | ||||||
QLogic Corp. ‡^ | 1,119,416 | 19,310 | ||||||
SanDisk Corp. ‡ | 33,646 | 1,245 | ||||||
Consumer Finance—1.2% | ||||||||
American Express Co. | 323,879 | 19,501 | ||||||
Diversified Consumer Services—1.1% |
| |||||||
Apollo Group, Inc.—Class A ‡ | 182,509 | 6,428 | ||||||
ITT Educational Services, Inc. ‡^ | 188,440 | 12,441 | ||||||
Energy Equipment & Services—3.7% |
| |||||||
Core Laboratories NV ^ | 103,590 | 14,190 | ||||||
Diamond Offshore Drilling, Inc. ^ | 270,574 | 18,548 | ||||||
National Oilwell Varco, Inc. | 176,930 | 13,404 | ||||||
Oceaneering International, Inc. | 273,737 | 14,133 | ||||||
Food & Staples Retailing—2.1% | ||||||||
Costco Wholesale Corp. | 196,213 | 17,300 | ||||||
Wal-Mart Stores, Inc. | 304,235 | 17,923 | ||||||
Food Products—0.2% | ||||||||
Green Mountain Coffee Roasters, Inc. ‡^ | 51,141 | 2,493 | ||||||
Health Care Equipment & Supplies—2.2% |
| |||||||
Edwards Lifesciences Corp. ‡ | 106,919 | 8,871 | ||||||
Hologic, Inc. ‡ | 636,229 | 12,165 | ||||||
Intuitive Surgical, Inc. ‡ | 26,897 | 15,552 | ||||||
Health Care Providers & Services—3.6% |
| |||||||
Aetna, Inc. | 254,046 | 11,188 | ||||||
AmerisourceBergen Corp.—Class A | 203,780 | 7,583 | ||||||
Cardinal Health, Inc. | 176,642 | 7,467 | ||||||
UnitedHealth Group, Inc. | 583,689 | 32,774 | ||||||
Hotels, Restaurants & Leisure—2.0% |
| |||||||
Starbucks Corp. | 331,890 | 19,044 | ||||||
Yum! Brands, Inc. | 187,858 | 13,663 | ||||||
Industrial Conglomerates—1.3% |
| |||||||
General Electric Co. | 434,470 | 8,507 | ||||||
Tyco International, Ltd. | 221,993 | 12,460 | ||||||
Internet & Catalog Retail—1.6% |
| |||||||
Amazon.com, Inc. ‡ | 43,538 | 10,096 | ||||||
priceline.com, Inc. ‡ | 21,946 | 16,697 | ||||||
Internet Software & Services—4.7% | ||||||||
eBay, Inc. ‡ | 627,078 | 25,742 | ||||||
Google, Inc.—Class A ‡ | 49,820 | 30,152 | ||||||
IAC/InterActiveCorp ^ | 427,019 | 20,561 |
Shares | Value (000’s) | |||||||
IT Services—4.1% | ||||||||
Cognizant Technology Solutions Corp.—Class A ‡ | 67,642 | $ | 4,960 | |||||
International Business Machines Corp. | 300,765 | 62,282 | ||||||
Life Sciences Tools & Services—1.7% |
| |||||||
Bruker Corp. ‡ | 443,387 | 6,664 | ||||||
Life Technologies Corp. ‡ | 150,728 | 6,988 | ||||||
Waters Corp. ‡ | 169,144 | 14,227 | ||||||
Machinery—3.8% | ||||||||
Caterpillar, Inc. | 273,646 | 28,123 | ||||||
Cummins, Inc. | 73,416 | 8,504 | ||||||
Dover Corp. | 113,944 | 7,140 | ||||||
Joy Global, Inc. | 96,033 | 6,796 | ||||||
Parker Hannifin Corp. | 133,692 | 11,723 | ||||||
Media—2.4% | ||||||||
News Corp.—Class A | 511,452 | 10,024 | ||||||
Omnicom Group, Inc. | 429,996 | 22,064 | ||||||
Sirius XM Radio, Inc. ‡ | 3,243,048 | 7,329 | ||||||
Metals & Mining—0.4% | ||||||||
Cliffs Natural Resources, Inc. | 37,036 | 2,306 | ||||||
Freeport-McMoRan Copper & Gold, Inc. | 55,874 | 2,140 | ||||||
Walter Energy, Inc. | 36,685 | 2,432 | ||||||
Multiline Retail—0.9% | ||||||||
Dollar Tree, Inc. ‡ | 149,559 | 15,204 | ||||||
Oil, Gas & Consumable Fuels—4.7% | ||||||||
Exxon Mobil Corp. | 548,149 | 47,327 | ||||||
Occidental Petroleum Corp. | 167,220 | 15,254 | ||||||
Valero Energy Corp. | 574,540 | 14,191 | ||||||
Pharmaceuticals—1.3% | ||||||||
Abbott Laboratories | 346,549 | 21,507 | ||||||
Semiconductors & Semiconductor Equipment—3.6% |
| |||||||
Altera Corp. | 660,524 | 23,494 | ||||||
Analog Devices, Inc. | 268,306 | 10,459 | ||||||
Intersil Corp.—Class A | 62,819 | 645 | ||||||
KLA-Tencor Corp. | 128,058 | 6,678 | ||||||
Xilinx, Inc. | 511,697 | 18,616 | ||||||
Software—9.2% | ||||||||
Autodesk, Inc. ‡ | 243,224 | 9,576 | ||||||
BMC Software, Inc. ‡ | 169,399 | 6,989 | ||||||
Check Point Software Technologies, Ltd. ‡^ | 241,940 | 14,064 | ||||||
Citrix Systems, Inc. ‡ | 95,061 | 8,138 | ||||||
Microsoft Corp. | 2,353,038 | 75,344 | ||||||
Oracle Corp. | 724,164 | 21,283 | ||||||
Red Hat, Inc. ‡ | 185,833 | 11,078 | ||||||
Symantec Corp. ‡ | 349,885 | 5,780 | ||||||
Specialty Retail—5.8% | ||||||||
Bed Bath & Beyond, Inc. ‡ | 184,645 | 12,997 | ||||||
Buckle, Inc. ^ | 212,511 | 9,814 | ||||||
Lowe’s Cos., Inc. | 377,052 | 11,866 | ||||||
O’Reilly Automotive, Inc. ‡ | 123,621 | 13,037 | ||||||
PetSmart, Inc. | 280,672 | 16,351 | ||||||
Ross Stores, Inc. | 258,339 | 15,911 | ||||||
TJX Cos., Inc. | 354,630 | 14,792 | ||||||
Textiles, Apparel & Luxury Goods—1.9% |
| |||||||
Coach, Inc. | 214,146 | 15,667 | ||||||
Lululemon Athletica, Inc. ‡ | 105,299 | 7,807 | ||||||
Ralph Lauren Corp.—Class A | 44,490 | 7,664 | ||||||
Tobacco—2.5% | ||||||||
Philip Morris International, Inc. | 455,159 | 40,741 | ||||||
|
| |||||||
Total Common Stocks | 1,641,327 | |||||||
|
| |||||||
SECURITIES LENDING COLLATERAL—4.5% |
| |||||||
State Street Navigator Securities Lending Trust—Prime Portfolio, 0.29% p | 73,108,041 | 73,108 | ||||||
Total Securities Lending Collateral |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 7 |
Transamerica Diversified Equity
(formerly, Transamerica WMC Diversified Equity)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Principal (000’s) | Value (000’s) | |||||||
REPURCHASE AGREEMENT—0.0% ¥ | ||||||||
State Street Bank & Trust Co. 0.03% p , dated 04/30/2012, to be repurchased at $237 on 05/01/2012. Collateralized by a U.S. Government Agency Obligation, 3.00%, due 12/01/2026, and with a value of $244. | $ | 237 | $ | 237 | ||||
Total Repurchase Agreement (cost $237) | ||||||||
|
| |||||||
Total Investment Securities | 1,714,672 | |||||||
Other Assets and Liabilities—Net | (72,638 | ) | ||||||
|
| |||||||
Net Assets | $ | 1,642,034 | ||||||
|
|
NOTES TO SCHEDULE OF INVESTMENTS (all amounts in thousands):
‡ | Non-income producing security. |
^ | All or a portion of this security is on loan. The value of all securities on loan is $71,487. |
p | Rate shown reflects the yield at 04/30/2012. |
¥ | Percentage rounds to less than 0.1%. |
P | Aggregate cost for federal income tax purposes is $1,356,325. Aggregate gross unrealized appreciation/depreciation for all securities in which there is an excess of value over tax cost were $377,151 and $18,804, respectively. Net unrealized appreciation for tax purposes is $358,347. |
VALUATION SUMMARY (all amounts in thousands): '
Investment Securities | Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Value at 04/30/2012 | ||||||||||||
Common Stocks | $ | 1,641,327 | $ | — | $ | — | $ | 1,641,327 | ||||||||
Repurchase Agreement | — | 237 | — | 237 | ||||||||||||
Securities Lending Collateral | 73,108 | — | — | 73,108 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total | $ | 1,714,435 | $ | 237 | $ | — | $ | 1,714,672 | ||||||||
|
|
|
|
|
|
|
|
' | See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 8 |
Transamerica Emerging Markets Debt
(formerly, Transamerica Logan Circle Emerging Markets Debt)
SCHEDULE OF INVESTMENTS
At April 30, 2012
(unaudited)
Principal (000’s) | Value (000’s) | |||||||
FOREIGN GOVERNMENT OBLIGATIONS — 55.9% |
| |||||||
Argentina—4.8% |
| |||||||
Argentina Boden Bonds | $ | 1,010 | $ | 909 | ||||
Argentina Bonar Bond | 1,000 | 811 | ||||||
Argentine Republic Government International Bond | EUR | 1,313 | 1,017 | |||||
8.28%, 12/31/2033 ^ | $ | 1,634 | 1,168 | |||||
Province of Salta Argentina | 765 | 666 | ||||||
Republic of Argentina | 2,650 | 894 | ||||||
Belarus—0.5% | ||||||||
Republic of Belarus—Reg S | 600 | 567 | ||||||
Brazil—1.6% | ||||||||
Brazilian Government International Bond | BRL | 3,600 | 1,922 | |||||
Cayman Islands—1.1% | ||||||||
Government of the Cayman Islands | $ | 1,200 | 1,307 | |||||
Chile—2.2% | ||||||||
Republic of Chile | CLP | 1,256,000 | 2,693 | |||||
Colombia—1.7% | ||||||||
Republic of Colombia | COP | 2,800,000 | 1,985 | |||||
Cote d’Ivoire—1.0% | ||||||||
Ivory Coast Government International Bond | $ | 1,650 | 1,139 | |||||
Croatia—1.8% | ||||||||
Croatia Government International Bond | 2,050 | 2,074 | ||||||
Dominican Republic—1.7% | ||||||||
Republic of The Dominican Republic | 1,950 | 2,054 | ||||||
Indonesia—2.1% | ||||||||
Indonesia Government International Bond | 1,050 | 1,129 | ||||||
5.25%, 01/17/2042—144A ^ | 1,300 | 1,331 | ||||||
Latvia—1.3% | ||||||||
Republic of Latvia | 1,000 | 1,028 | ||||||
5.25%, 06/16/2021—144A ^ | 500 | 499 | ||||||
Lithuania—0.6% | ||||||||
Republic of Lithuania | 700 | 760 | ||||||
Mexico—3.2% | ||||||||
Mexican Bonos | MXN | 11,750 | 938 | |||||
6.50%, 06/10/2021 | 4,000 | 315 | ||||||
United Mexican States | 29,080 | 2,513 | ||||||
Peru—3.2% | ||||||||
Peruvian Government International Bond—Reg S | PEN | 5,015 | 2,111 | |||||
8.60%, 08/12/2017 | 3,690 | 1,664 | ||||||
Philippines—2.5% | ||||||||
Philippine Government International Bond | PHP | 55,000 | 1,362 |
Principal (000’s) | Value (000’s) | |||||||
Philippines—(continued) | ||||||||
Republic of The Philippines | PHP | 62,000 | $ | 1,513 | ||||
Poland—0.8% | ||||||||
Poland Government International Bond | $ | 900 | 963 | |||||
Qatar—2.0% | ||||||||
Qatar Government International Bond | 2,125 | 2,364 | ||||||
Romania—1.6% | ||||||||
Romanian Government International Bond | 1,800 | 1,890 | ||||||
Russian Federation—4.2% |
| |||||||
Russian Foreign Bond—Eurobond | 800 | 811 | ||||||
4.50%, 04/04/2022—144A ^ | 2,600 | 2,695 | ||||||
5.63%, 04/04/2042—144A | 600 | 635 | ||||||
7.50%, 03/31/2030—144A | 805 | 965 | ||||||
Senegal—1.4% | ||||||||
Republic of Senegal | 1,530 | 1,651 | ||||||
South Africa—3.5% | ||||||||
South Africa Government Bond | ZAR | 14,320 | 2,201 | |||||
South Africa Government International Bond | $ | 1,800 | 1,886 | |||||
Supranational—0.9% | ||||||||
Eastern and Southern African Trade and Development Bank | 1,050 | 1,037 | ||||||
Turkey—2.7% | ||||||||
Turkey Government Bond | TRY | 3,555 | 2,070 | |||||
9.66%, 07/17/2013 p | 2,000 | 1,020 | ||||||
Ukraine—0.8% | ||||||||
Republic of Ukraine | $ | 1,040 | 941 | |||||
Uruguay—2.0% | ||||||||
Uruguay Government International Bond | UYU | 41,370 | | 2,352 | ||||
Venezuela—6.7% | ||||||||
Republic of Venezuela—Reg S | $ | 3,440 | 2,649 | |||||
Venezuela Government International Bond—Reg S | 2,640 | 2,614 | ||||||
11.95%, 08/05/2031 ^ | 2,775 | 2,767 | ||||||
|
| |||||||
Total Foreign Government Obligations | 65,880 | |||||||
|
| |||||||
CORPORATE DEBT SECURITIES—39.4% |
| |||||||
Barbados—0.8% | ||||||||
Columbus International, Inc. | 830 | 901 | ||||||
Bermuda—2.0% | ||||||||
Digicel Group, Ltd. | 1,700 | 1,711 | ||||||
Qtel International Finance, Ltd. | 700 | 716 | ||||||
Brazil—2.1% | ||||||||
Globo Comunicacao e Participacoes SA | 950 | 957 | ||||||
Oi SA | 1,500 | 1,537 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 9 |
Transamerica Emerging Markets Debt
(formerly, Transamerica Logan Circle Emerging Markets Debt)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Principal (000’s) | Value (000’s) | |||||||
Canada — 0.7% | ||||||||
PTTEP Canada International Finance, Ltd. | $ | 800 | $ | 865 | ||||
Cayman Islands—4.8% | ||||||||
Dubai Holding Commercial Operations MTN, Ltd. | GBP | 600 | 808 | |||||
Hutchison Whampoa International 11, Ltd. | $ | 500 | 519 | |||||
IPIC GMTN, Ltd. | 355 | 371 | ||||||
6.88%, 11/01/2041—144A | 555 | 592 | ||||||
MIE Holdings Corp. | 700 | 697 | ||||||
Petrobras International Finance Co. | 675 | 811 | ||||||
Vale Overseas, Ltd. | 600 | 615 | ||||||
6.88%, 11/10/2039 | 940 | 1,128 | ||||||
Colombia—0.9% | ||||||||
BanColombia SA | 1,000 | 1,062 | ||||||
Finland—0.4% | ||||||||
Nokia OYJ | 600 | 497 | ||||||
Indonesia—0.8% | ||||||||
Pertamina Persero PT | 1,000 | 983 | ||||||
Ireland—0.3% | ||||||||
Metalloinvest Finance, Ltd. | 400 | 398 | ||||||
Luxembourg—4.0% | ||||||||
Gazprom OAO Via Gaz Capital SA | 1,595 | 1,699 | ||||||
Minerva Luxembourg SA | 1,200 | 1,278 | ||||||
Virgolino de Oliveira Finance, Ltd. | 800 | 754 | ||||||
Wind Acquisition Finance SA | EUR | 850 | 1,049 | |||||
Mexico—3.0% | ||||||||
Desarrolladora Homex SAB de CV | $ | 350 | 364 | |||||
Petroleos Mexicanos | 1,480 | 1,718 | ||||||
7.65%, 11/24/2021—144A | MXN | 8,500 | 665 | |||||
Servicios Corporativos Javer SAPI de CV | $ | 715 | 674 | |||||
Netherlands—3.3% | ||||||||
Aerospace Satellite Corp. Holding BV | 1,000 | 1,055 | ||||||
Hyva Global BV | 1,000 | 843 | ||||||
Lukoil International Finance BV | 750 | 796 | ||||||
VimpelCom Holdings BV | 1,200 | 1,164 | ||||||
Peru—0.9% | ||||||||
Banco de Credito del Peru | 1,000 | 1,008 | ||||||
Singapore—1.3% | ||||||||
Bakrie Telecom Pte, Ltd. | 1,050 | 814 |
Principal (000’s) | Value (000’s) | |||||||
Singapore (continued) | ||||||||
Berau Capital Resources Pte, Ltd. | $ | 600 | $ | 671 | ||||
Sri Lanka—0.8% | ||||||||
Bank of Ceylon | 900 | 910 | ||||||
Sweden—0.7% | ||||||||
Eileme 2 AB | 800 | 824 | ||||||
Thailand—0.8% | ||||||||
Bangkok Bank PCL | 900 | 918 | ||||||
Trinidad and Tobago—0.3% | ||||||||
Petroleum Co., of Trinidad & Tobago, Ltd. | 394 | 410 | ||||||
Turkey—0.9% | ||||||||
Turkiye Vakiflar Bankasi Tao | 1,200 | 1,198 | ||||||
United Arab Emirates—0.5% | ||||||||
Abu Dhabi National Energy Co. | 550 | 592 | ||||||
United Kingdom—2.9% | ||||||||
Nord Anglia Education UK Holdings PLC | 2,390 | 2,462 | ||||||
Vedanta Resources PLC | 980 | 931 | ||||||
United States—2.3% | ||||||||
Braskem America Finance Co. | 1,000 | 1,005 | ||||||
CEDC Finance Corp. International, Inc. | 700 | 550 | ||||||
Southern Copper Corp. | 900 | 1,064 | ||||||
Venezuela—3.0% | ||||||||
Petroleos de Venezuela SA | 1,520 | 1,297 | ||||||
5.25%, 04/12/2017—Reg S | 740 | 574 | ||||||
9.00%, 11/17/2021—Reg S ^ | 2,085 | 1,697 | ||||||
Virgin Islands, British—1.9% | ||||||||
Arcos Dorados Holdings, Inc. | BRL | 2,120 | 1,143 | |||||
CNOOC Finance 2012, Ltd. | $ | 1,000 | 1,001 | |||||
|
| |||||||
Total Corporate Debt Securities | 46,296 | |||||||
|
| |||||||
Shares | Value (000’s) | |||||||
SECURITIES LENDING COLLATERAL—24.4% |
| |||||||
State Street Navigator Securities Lending Trust—Prime Portfolio, 0.29%p | 28,671,784 | 28,672 | ||||||
Total Securities Lending Collateral (cost $28,672) |
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 10 |
Transamerica Emerging Markets Debt
(formerly, Transamerica Logan Circle Emerging Markets Debt)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Principal (000’s) | Value (000’s) | |||||||
REPURCHASE AGREEMENT—2.2% | ||||||||
State Street Bank & Trust | $ | 2,531 | $ | 2,531 | ||||
Total Repurchase Agreement (cost $2,531) |
| |||||||
|
| |||||||
Total Investment Securities | 143,379 | |||||||
Other Assets and Liabilities—Net | (25,776 | ) | ||||||
|
| |||||||
Net Assets | $ | 117,603 | ||||||
|
|
INVESTMENTS BY INDUSTRY: | Percentage of Total Investments | Value (000’s) | ||||||
Foreign Government Obligation | 45.9 | % | $ | 65,880 | ||||
Oil, Gas & Consumable Fuels | 9.7 | 13,883 | ||||||
Commercial Banks | 3.6 | 5,097 | ||||||
Diversified Telecommunication Services | 3.4 | 4,940 | ||||||
Metals & Mining | 2.6 | 3,738 | ||||||
Media | 2.0 | 2,913 | ||||||
Wireless Telecommunication Services | 2.0 | 2,875 | ||||||
Diversified Consumer Services | 1.7 | 2,462 | ||||||
Food Products | 1.4 | 2,032 | ||||||
Diversified Financial Services | 1.0 | 1,361 | ||||||
Commercial Services & Supplies | 0.9 | 1,327 | ||||||
Hotels, Restaurants & Leisure | 0.8 | 1,143 | ||||||
Chemicals | 0.7 | 1,005 | ||||||
Auto Components | 0.6 | 843 | ||||||
Construction & Engineering | 0.5 | 674 | ||||||
Multi-Utilities | 0.4 | 592 | ||||||
Beverages | 0.4 | 550 | ||||||
Communications Equipment | 0.3 | 497 | ||||||
Household Durables | 0.3 | 364 | ||||||
|
|
|
| |||||
Investment Securities, at Value | 78.2 | 112,176 | ||||||
Short-Term Investments | 21.8 | 31,203 | ||||||
|
|
|
| |||||
Total Investments | 100.0 | % | $ | 143,379 | ||||
|
|
|
|
FORWARD FOREIGN CURRENCY CONTRACTS:
Currency | Counterparty | Contracts Bought (Sold) (000’s) | Settlement Date | Amount in U.S. Dollars Bought (Sold) (000’s) | Net Unrealized Appreciation (Depreciation) (000’s) | |||||||||||||
Chilean Peso | JPM | (713,110 | ) | 05/23/2012 | $ | (1,450 | ) | $ | (16 | ) | ||||||||
Euro | HSBC | (181 | ) | 05/22/2012 | (239 | ) | (1 | ) | ||||||||||
Euro | JPM | (1,398 | ) | 05/22/2012 | (1,835 | ) | (16 | ) | ||||||||||
Hungarian Forint | BOA | 210,376 | 05/22/2012 | 959 | 9 | |||||||||||||
Hungarian Forint | JPM | (210,376 | ) | 05/22/2012 | (924 | ) | (43 | ) | ||||||||||
Japanese Yen | JPM | (13,678 | ) | 05/22/2012 | (170 | ) | (1 | ) | ||||||||||
Mexican Peso | BCLY | 37,755 | 05/22/2012 | 2,867 | 26 | |||||||||||||
Mexican Peso | BOA | (36,021 | ) | 05/22/2012 | (2,733 | ) | (26 | ) | ||||||||||
Mexican Peso | BOA | 6,920 | 05/22/2012 | 527 | 3 | |||||||||||||
Uruguayan Peso | HSBC | 16,053 | 05/25/2012 | 801 | 8 | |||||||||||||
Pound Sterling | HSBC | 198 | 05/22/2012 | 319 | 2 | |||||||||||||
Pound Sterling | JPM | (700 | ) | 05/22/2012 | (1,121 | ) | (15 | ) | ||||||||||
South African Rand | BCLY | (6,666 | ) | 05/22/2012 | (850 | ) | (5 | ) | ||||||||||
|
| |||||||||||||||||
$ | (75 | ) | ||||||||||||||||
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 11 |
Transamerica Emerging Markets Debt
(formerly, Transamerica Logan Circle Emerging Markets Debt)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Collateral (Received) Pledged for OTC Financial Derivative Instruments
The following is a summary by counterparty of the market value of OTC financial derivative instruments and collateral (received)/pledged as of 04/30/2012:
Counterparty | Total Market Value of OTC Derivatives (000’s) | Collateral (Received)/Pledged (000’s) | Net Exposures (1) (000’s) | |||||||||
BCLY | $ | 21 | $ | — | $ | 21 | ||||||
BOA | (14 | ) | — | (14 | ) | |||||||
HSBC | 9 | — | 9 | |||||||||
JPM | (91 | ) | — | (91 | ) |
(1) | Net exposure represents the net receivable/(payable) that would be due from/to the counterparty in the event of default. |
NOTES TO SCHEDULE OF INVESTMENTS (all amounts in thousands):
* | Floating or variable rate note. Rate is listed as of 04/30/2012. |
^ | All or a portion of this security is on loan. The value of all securities on loan is $28,081. |
Џ | In default. |
‡ | Non-income producing security. |
p | Rate shown reflects the yield at 04/30/2012. |
Ώ | Payment in-kind. Securities pay interest or dividends in the form of additional bonds or preferred stock. |
P | Aggregate cost for federal income tax purposes is $139,486. Aggregate gross unrealized appreciation/depreciation for all securities in which there is an excess of value over tax cost were $4,629 and $736, respectively. Net unrealized appreciation for tax purposes is $3,893. |
DEFINITIONS (all amounts in thousands):
144A | 144A Securities are registered pursuant to Rule 144A of the Securities Act of 1933. These securities are deemed to be liquid for purposes of compliance limitations on holdings of illiquid securities and may be resold as transactions exempt from registration, normally to qualified institutional buyers. At 04/30/2012, these securities aggregated $57,915, or 49.25% of the fund’s net assets. | |
BCLY | Barclays Bank PLC | |
BOA | Bank of America | |
HSBC | HSBC Bank USA | |
JPM | JPMorgan Chase & Co. | |
CURRENCY ABBREVIATIONS: | ||
BRL | Brazilian Real | |
CLP | Chilean Peso | |
COP | Columbian Peso | |
EUR | Euro | |
GBP | Pound Sterling | |
MXN | Mexican Peso | |
PEN | Peruvian Nuevo Sol | |
PHP | Philippine Peso | |
TRY | Turkish New Lira | |
UYU | Uruguayan Peso | |
ZAR | South African Rand |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 12 |
Transamerica Emerging Markets Debt
(formerly, Transamerica Logan Circle Emerging Markets Debt)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
VALUATION SUMMARY (all amounts in thousands): '
Investment Securities | Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Value at 04/30/2012 | ||||||||||||
Corporate Debt Securities | $ | — | $ | 46,296 | $ | — | $ | 46,296 | ||||||||
Foreign Government Obligations | — | 65,880 | — | 65,880 | ||||||||||||
Repurchase Agreement | — | 2,531 | — | 2,531 | ||||||||||||
Securities Lending Collateral | 28,672 | — | — | 28,672 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total | $ | 28,672 | $ | 114,707 | $ | — | $ | 143,379 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Other Financial Instruments ₣ | Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Value at 04/30/2012 | ||||||||||||
Forward Foreign Currency Contracts—Appreciation | $ | — | $ | 48 | $ | — | $ | 48 | ||||||||
Forward Foreign Currency Contracts—Depreciation | — | (123 | ) | — | (123 | ) | ||||||||||
|
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|
|
|
|
|
| |||||||||
Total | $ | — | $ | (75 | ) | $ | — | $ | (75 | ) | ||||||
|
|
|
|
|
|
|
|
' | See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
₣ | Other financial instruments are derivative instruments that are valued at unrealized appreciation (depreciation) on the instrument. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 13 |
Transamerica Flexible Income
(formerly, Transamerica AEGON Flexible Income)
SCHEDULE OF INVESTMENTS
At April 30, 2012
(unaudited)
Principal (000’s) | Value (000’s) | |||||||
U.S. GOVERNMENT OBLIGATIONS—6.9% |
| |||||||
U.S. Treasury Inflation Indexed Bond | $ | 2,226 | $ | 3,034 | ||||
U.S. Treasury Note | 475 | 487 | ||||||
1.38%, 05/15/2013 | 1,230 | 1,245 | ||||||
2.00%, 11/15/2021—02/15/2022 | 5,985 | 6,036 | ||||||
2.13%, 02/29/2016 | 3,065 | 3,246 | ||||||
2.63%, 11/15/2020 | 2,565 | 2,764 | ||||||
3.50%, 05/15/2020 | 2,150 | 2,471 | ||||||
|
| |||||||
Total U.S. Government Obligations (cost $17,865) |
| 19,283 | ||||||
|
| |||||||
U.S. GOVERNMENT AGENCY OBLIGATION—0.3% |
| |||||||
Freddie Mac, IO | 5,813 | 827 | ||||||
Total U.S. Government Agency Obligation (cost $1,534) |
| |||||||
FOREIGN GOVERNMENT OBLIGATIONS—4.0% |
| |||||||
Canada Housing Trust No. 1 | CAD | 2,500 | 2,642 | |||||
Republic of Chile | CLP | 994,500 | 2,133 | |||||
Republic of The Philippines | PHP | 90,000 | 2,197 | |||||
United Mexican States | MXN | 18,000 | 1,446 | |||||
7.50%, 06/21/2012 | 35,000 | 2,697 | ||||||
|
| |||||||
Total Foreign Government Obligations (cost $10,546) |
| 11,115 | ||||||
|
| |||||||
MORTGAGE-BACKED SECURITIES—9.0% |
| |||||||
7 WTC Depositor LLC Trust | $ | 660 | 675 | |||||
American General Mortgage Loan Trust | 1,785 | 1,836 | ||||||
American Tower Trust | 1,950 | 2,049 | ||||||
BCAP LLC Trust | 176 | 178 | ||||||
Series 2009-RR6, Class 2A1 5.10%, 08/26/2035—144A * | 980 | 875 | ||||||
Series 2009-RR10, Class 2A1 2.81%, 08/26/2035—144A * | 679 | 657 | ||||||
Series 2009-RR14, Class 1A1 6.00%, 05/26/2037—144A * | 1,262 | 1,301 | ||||||
Series 2010-RR1, Class 12A1 5.25%, 08/26/2036—144A * | 1,326 | 1,369 | ||||||
Countrywide Alternative Loan Trust | 1,104 | 1,135 | ||||||
Series 2006-OC1, Class 2A3A 0.56%, 03/25/2036 * | 2,900 | 1,221 | ||||||
Credit Suisse Mortgage Capital Certificates | 865 | 856 |
Principal (000’s) | Value (000’s) | |||||||
MORTGAGE-BACKED SECURITIES (continued) |
| |||||||
Cresi Finance, LP | $ | 1,322 | $ | 1,058 | ||||
Impac CMB Trust | 1,491 | 1,255 | ||||||
Jefferies & Co., Inc. | 390 | 390 | ||||||
Series 2009-R7, Class 10A3 | 301 | 312 | ||||||
Series 2009-R7, Class 12A1 | 343 | 339 | ||||||
Series 2009-R7, Class 1A1 | 697 | 669 | ||||||
Series 2009-R7, Class 4A1 | 686 | 642 | ||||||
Series 2009-R9, Class 1A1 | 660 | 651 | ||||||
JPMorgan Chase Commercial Mortgage Securities Corp. | 1,133 | 1,207 | ||||||
JPMorgan Re-REMIC | 555 | 567 | ||||||
LSTAR Commercial Mortgage Trust | 968 | 1,018 | ||||||
Morgan Stanley Re-REMIC Trust | 1,740 | 1,963 | ||||||
Series 2010-R4, Class 3A 5.50%, 08/26/2047—144A | 1,357 | 1,434 | ||||||
RREF 2012 LT1 LLC | 1,120 | 1,125 | ||||||
Wells Fargo Mortgage Backed Securities Trust | 309 | 308 | ||||||
Series 2003-L, Class 1A2 4.48%, 11/25/2033 * | 219 | 220 | ||||||
|
| |||||||
Total Mortgage-Backed Securities (cost $24,839) |
| 25,310 | ||||||
|
| |||||||
ASSET-BACKED SECURITIES—2.8% |
| |||||||
Countrywide Asset-Backed Certificates | 3,600 | 1,342 | ||||||
GSAA Trust | 2,406 | 1,332 | ||||||
GSAMP Trust | 2,270 | 1,398 | ||||||
HSBC Home Equity Loan Trust | 1,510 | 1,294 | ||||||
Lehman XS Trust | 2,595 | 1,084 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 14 |
Transamerica Flexible Income
(formerly, Transamerica AEGON Flexible Income)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Principal (000’s) | Value (000’s) | |||||||
ASSET-BACKED SECURITIES (continued) |
| |||||||
Popular ABS Mortgage Pass-Through Trust | $ | 1,658 | $ | 1,435 | ||||
|
| |||||||
Total Asset-Backed Securities (cost $7,967) |
| 7,885 | ||||||
|
| |||||||
MUNICIPAL GOVERNMENT OBLIGATIONS—1.4% |
| |||||||
Rhode Island Economic Development Corp. | 1,545 | 1,699 | ||||||
State of California | 1,820 | 2,169 | ||||||
|
| |||||||
Total Municipal Government Obligations (cost $3,367) |
| 3,868 | ||||||
|
| |||||||
PREFERRED CORPORATE DEBT SECURITIES—1.7% |
| |||||||
Diversified Financial Services—1.7% |
| |||||||
JPMorgan Chase Capital XXV—Series Y | 1,500 | 1,508 | ||||||
ZFS Finance USA Trust II | 3,300 | 3,234 | ||||||
|
| |||||||
Total Preferred Corporate Debt Securities (cost $4,340) |
| 4,742 | ||||||
|
| |||||||
CORPORATE DEBT SECURITIES—62.9% |
| |||||||
Airlines—2.3% |
| |||||||
America West Airlines Pass-Through Trust | 1,048 | 1,095 | ||||||
Continental Airlines Pass-Through Trust | 721 | 721 | ||||||
Northwest Airlines Pass-Through Trust | 2,395 | 2,502 | ||||||
UAL Pass-Through Trust | 1,766 | 2,016 | ||||||
Beverages—1.1% | ||||||||
Anheuser-Busch InBev Worldwide, Inc. | BRL | 2,200 | 1,270 | |||||
Beverages & More, Inc. | $ | 1,635 | 1,727 | |||||
Capital Markets—1.3% | ||||||||
BP Capital Markets PLC | 1,330 | 1,511 | ||||||
Macquarie Group, Ltd. | 1,275 | 1,291 | ||||||
Morgan Stanley | 750 | 741 | ||||||
Chemicals—0.2% | ||||||||
Ecolab, Inc. | 475 | 518 | ||||||
Commercial Banks—6.2% | ||||||||
Barclays Bank PLC | 1,480 | 1,722 | ||||||
BBVA Bancomer SA | 1,400 | 1,414 | ||||||
CIT Group, Inc. | 570 | 581 | ||||||
Lloyds TSB Bank PLC | 1,340 | 1,359 | ||||||
M&I Marshall & Ilsley Bank | 2,050 | 2,242 | ||||||
Rabobank Nederland NV | 1,695 | 2,153 |
Principal (000’s) | Value (000’s) | |||||||
Commercial Banks (continued) |
| |||||||
Regions Bank | $ | 2,560 | $ | 2,893 | ||||
Wells Fargo & Co. | 2,400 | 2,604 | ||||||
Zions Bancorporation | 2,500 | 2,724 | ||||||
Commercial Services & Supplies—2.6% |
| |||||||
EnergySolutions, Inc. / EnergySolutions LLC | 1,125 | 1,167 | ||||||
International Lease Finance Corp. | 2,560 | 2,585 | ||||||
KAR Auction Services, Inc. | 1,965 | 1,960 | ||||||
Steelcase, Inc. | 1,385 | 1,448 | ||||||
Construction Materials—0.8% |
| |||||||
Cemex Finance LLC | 1,330 | 1,310 | ||||||
Voto-Votorantim Overseas Trading Operations NV | 840 | 941 | ||||||
Consumer Finance—0.4% |
| |||||||
Springleaf Finance Corp. | 1,280 | 1,045 | ||||||
Containers & Packaging—0.7% |
| |||||||
Graphic Packaging International, Inc. | 1,635 | 1,815 | ||||||
Sealed Air Corp. | 195 | 218 | ||||||
Distributors—1.1% | ||||||||
Edgen Murray Corp. | 805 | 857 | ||||||
Glencore Funding LLC | 2,000 | 2,117 | ||||||
Diversified Financial Services—8.1% |
| |||||||
Aviation Capital Group Corp. | 2,700 | 2,720 | ||||||
Bank of America Corp. | 1,905 | 2,083 | ||||||
Fibria Overseas Finance, Ltd. | 1,245 | 1,265 | ||||||
Ford Motor Credit Co., LLC | 780 | 808 | ||||||
International Lease Finance Corp. | 2,360 | 2,508 | ||||||
Irish Life & Permanent PLC | 1,700 | 1,630 | ||||||
Marina District Finance Co., Inc. | 1,955 | 1,901 | ||||||
9.88%, 08/15/2018 ^ | 65 | 62 | ||||||
Oaktree Capital Management, LP | 1,950 | 1,989 | ||||||
QHP Royalty Sub LLC | 509 | 511 | ||||||
Selkirk Cogen Funding Corp. | 607 | 609 | ||||||
Stone Street Trust | 2,450 | 2,470 | ||||||
TNK-BP Finance SA | 1,250 | 1,342 | ||||||
Unison Ground Lease Funding LLC | 2,615 | 2,994 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 15 |
Transamerica Flexible Income
(formerly, Transamerica AEGON Flexible Income)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Principal (000’s) | Value (000’s) | |||||||
Diversified Telecommunication Services—1.6% |
| |||||||
CenturyLink, Inc. | $ | 1,345 | $ | 1,333 | ||||
GTP Towers Issuer LLC | 2,295 | 2,369 | ||||||
Hughes Satellite Systems Corp. | 400 | 428 | ||||||
7.63%, 06/15/2021 | 130 | 141 | ||||||
West Corp. | 320 | 341 | ||||||
Electric Utilities—0.8% | ||||||||
Intergen NV | 2,075 | 2,129 | ||||||
Electrical Equipment—1.8% | ||||||||
Anixter, Inc. | 2,300 | 2,398 | ||||||
Polypore International, Inc. | 2,560 | 2,688 | ||||||
Energy Equipment & Services—1.7% |
| |||||||
Enterprise Products Operating LLC | 1,150 | 1,248 | ||||||
Transocean, Inc. | 1,935 | 2,266 | ||||||
Weatherford International, Ltd. | 945 | 1,250 | ||||||
Food & Staples Retailing—1.8% |
| |||||||
C&S Group Enterprises LLC | 1,253 | 1,328 | ||||||
Ingles Markets, Inc. | 2,140 | 2,317 | ||||||
Stater Bros Holdings, Inc. | 65 | 70 | ||||||
SUPERVALU, Inc. | 1,290 | 1,314 | ||||||
Food Products—1.2% |
| |||||||
Arcor SAIC | 1,285 | 1,336 | ||||||
Michael Foods, Inc. | 1,200 | 1,320 | ||||||
Post Holdings, Inc. | 638 | 664 | ||||||
Health Care Providers & Services—0.8% |
| |||||||
CHS/Community Health Systems, Inc. | 933 | 963 | ||||||
Express Scripts Holding Co. | 1,220 | 1,335 | ||||||
Hotels, Restaurants & Leisure—1.2% |
| |||||||
GWR Operating Partnership LLP | 1,500 | 1,688 | ||||||
MGM Resorts International | 1,600 | 1,624 | ||||||
Station Casinos, Inc. | 700 | u | ||||||
Household Products—0.4% | ||||||||
Reynolds Group Issuer, Inc. | 1,100 | 1,147 | ||||||
Independent Power Producers & Energy Traders—0.7% |
| |||||||
NRG Energy, Inc. | 640 | 630 | ||||||
7.88%, 05/15/2021 ^ | 1,280 | 1,252 | ||||||
Insurance—4.2% | ||||||||
American Financial Group, Inc. | 1,100 | 1,359 |
Principal (000’s) | Value (000’s) | |||||||
Insurance (continued) |
| |||||||
Chubb Corp. | $ | 2,300 | $ | 2,355 | ||||
Fidelity National Financial, Inc. | 2,580 | 2,749 | ||||||
Hanover Insurance Group, Inc. | 1,515 | 1,641 | ||||||
Oil Insurance, Ltd. | 1,245 | 1,191 | ||||||
Reinsurance Group of America, Inc. | 2,760 | 2,554 | ||||||
IT Services—0.7% | ||||||||
Cardtronics, Inc. | 1,890 | 2,088 | ||||||
Machinery—0.7% | ||||||||
American Railcar Industries, Inc. | 1,855 | 1,878 | ||||||
Marine—0.7% | ||||||||
Martin Midstream Partners LP | 1,900 | 1,938 | ||||||
Media—1.4% | ||||||||
Clear Channel Worldwide Holdings, Inc. | 1,305 | 1,290 | ||||||
Lions Gate Entertainment, Inc. | 1,010 | 1,111 | ||||||
WMG Acquisition Corp. | 1,285 | 1,403 | ||||||
Metals & Mining—2.4% |
| |||||||
Anglo American Capital PLC | 890 | 1,179 | ||||||
ArcelorMittal | 1,965 | 2,001 | ||||||
FMG Resources August 2006 Pty, Ltd. | 160 | 166 | ||||||
Rio Tinto Finance USA, Ltd. | 1,000 | 1,371 | ||||||
Thompson Creek Metals Co., Inc. | 1,465 | 1,253 | ||||||
Xstrata Finance Canada, Ltd. | 840 | 881 | ||||||
Multi-Utilities—0.8% |
| |||||||
Black Hills Corp. | 1,200 | 1,370 | ||||||
9.00%, 05/15/2014 | 690 | 769 | ||||||
Oil, Gas & Consumable Fuels—5.4% |
| |||||||
Chesapeake Energy Corp. | 1,300 | 1,264 | ||||||
Connacher Oil and Gas, Ltd. | 1,010 | 1,005 | ||||||
Energy Transfer Equity, LP | 320 | 354 | ||||||
Energy Transfer Partners, LP | 1,045 | 1,114 | ||||||
Gazprom OAO Via GAZ Capital SA | 2,060 | 2,285 | ||||||
Linn Energy LLC/Linn Energy Finance Corp. | 1,305 | 1,285 | ||||||
Lukoil International Finance BV | 1,280 | 1,382 | ||||||
Petrobras International Finance Co. | 1,040 | 1,139 | ||||||
Petrohawk Energy Corp. | 1,050 | 1,197 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 16 |
Transamerica Flexible Income
(formerly, Transamerica AEGON Flexible Income)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Principal (000’s) | Value (000’s) | |||||||
Oil, Gas & Consumable Fuels (continued) |
| |||||||
Petroleum Co., of Trinidad & Tobago, Ltd. | $ | 876 | $ | 1,083 | ||||
Petroleum Development Corp. | 1,000 | 1,080 | ||||||
Ras Laffan Liquefied Natural Gas Co., Ltd. III | 1,545 | 1,824 | ||||||
Paper & Forest Products—1.1% |
| |||||||
Ainsworth Lumber Co., Ltd. | 2,170 | 1,699 | ||||||
Exopack Holding Corp. | 1,280 | 1,331 | ||||||
Professional Services—0.5% |
| |||||||
Block Financial LLC | 1,300 | 1,342 | ||||||
Real Estate Investment Trusts—1.9% |
| |||||||
Entertainment Properties Trust | 2,335 | 2,532 | ||||||
Kilroy Realty, LP | 2,440 | 2,785 | ||||||
Real Estate Management & Development—0.2% |
| |||||||
Weyerhaeuser Real Estate Co. | 650 | 658 | ||||||
Semiconductors & Semiconductor Equipment—0.2% |
| |||||||
Sensata Technologies BV | 575 | 599 | ||||||
Software—0.2% | ||||||||
First Data Corp. | 630 | 644 | ||||||
Specialty Retail—0.6% |
| |||||||
Claire’s Stores, Inc. | 290 | 299 | ||||||
Michaels Stores, Inc. | 1,200 | 1,275 | ||||||
Tobacco—0.7% | ||||||||
Lorillard Tobacco Co. | 1,635 | 2,037 | ||||||
Wireless Telecommunication Services—4.4% |
| |||||||
Crown Castle Towers LLC | 2,350 | 2,493 | ||||||
6.11%, 01/15/2020—144A | 1,650 | 1,884 | ||||||
Nextel Communications, Inc. | 2,200 | 2,134 | ||||||
SBA Tower Trust | 2,365 | 2,574 | ||||||
Sprint Nextel Corp. | 430 | 474 | ||||||
WCP Wireless Site Funding / WCP Wireless Site RE Funding / WCP Wireless Site Non | 2,570 | 2,683 | ||||||
|
| |||||||
Total Corporate Debt Securities (cost $166,386) |
| 176,020 | ||||||
|
| |||||||
CONVERTIBLE BONDS—0.4% |
| |||||||
Automobiles—0.4% |
| |||||||
Ford Motor Co. | ||||||||
4.25%, 11/15/2016 | 730 | 1,084 | ||||||
Total Convertible Bonds (cost $730) |
| |||||||
LOAN ASSIGNMENT—0.6% |
| |||||||
Paper & Forest Products—0.6% |
| |||||||
Ainsworth Lumber Co., Ltd. | ||||||||
5.25%, 05/31/2012 | 1,651 | 1,557 | ||||||
Total Loan Assignment (cost $1,548) |
|
Shares | Value (000’s) | |||||||
CONVERTIBLE PREFERRED STOCK—0.5% |
| |||||||
Diversified Financial Services—0.5% |
| |||||||
Vale Capital II, | 22,000 | $ | 1,492 | |||||
Total Convertible Preferred Stock (cost $1,657) |
| |||||||
PREFERRED STOCKS—1.5% |
| |||||||
Commercial Banks—0.2% |
| |||||||
BB&T Capital Trust VI, | 24,375 | 636 | ||||||
Consumer Finance—0.6% |
| |||||||
Ally Financial, Inc., | 75,200 | 1,684 | ||||||
Diversified Telecommunication Services—0.7% |
| |||||||
Centaur Funding Corp., | 1,661 | 1,891 | ||||||
|
| |||||||
Total Preferred Stocks (cost $4,642) |
| 4,211 | ||||||
|
| |||||||
COMMON STOCK—1.1% |
| |||||||
Diversified Telecommunication Services—1.1% |
| |||||||
Verizon Communications, Inc. ^ | 75,000 | 3,029 | ||||||
Total Common Stock (cost $2,349) |
| |||||||
WARRANT—0.6% |
| |||||||
Commercial Banks—0.6% |
| |||||||
Wells Fargo & Co. ‡ | 148,210 | 1,564 | ||||||
Total Warrant (cost $1,141) |
| |||||||
SECURITIES LENDING COLLATERAL—11.7% |
| |||||||
State Street Navigator Securities Lending Trust—Prime Portfolio, 0.29% p | 32,662,484 | 32,662 | ||||||
Total Securities Lending Collateral (cost $32,662) |
| |||||||
Principal (000’s) | Value (000’s) | |||||||
REPURCHASE AGREEMENT—5.0% |
| |||||||
State Street Bank & Trust Co. | $ | 14,080 | 14,080 | |||||
Total Repurchase Agreement (cost $14,080) |
| |||||||
|
| |||||||
Total Investment Securities (cost $295,653) P | 308,729 | |||||||
Other Assets and Liabilities—Net | (28,980 | ) | ||||||
|
| |||||||
Net Assets | $ | 279,749 | ||||||
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 17 |
Transamerica Flexible Income
(formerly, Transamerica AEGON Flexible Income)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
NOTES TO SCHEDULE OF INVESTMENTS (all amounts in thousands):
* | Floating or variable rate note. Rate is listed as of 04/30/2012. |
^ | All or a portion of this security is on loan. The value of all securities on loan is $31,987. |
Ž | The security has a perpetual maturity. The date shown is the next call date. |
Џ | In default. |
ə | Fair valued as determined in good faith in accordance with procedures established by the Board of Trustees. Total aggregate market value of fair valued securities is less than $1, or less than 0.01% of the fund’s net assets. |
Ώ | Payment in-kind. Securities pay interest or dividends in the form of additional bonds or preferred stock. |
u | Amount is less than 1. |
§ | Illiquid. Total aggregate market value of illiquid securities is $1,699, or 0.61% of the fund’s net assets. |
‡ | Non-income producing security. |
p | Rate shown reflects the yield at 04/30/2012. |
P | Aggregate cost for federal income tax purposes is $295,653. Aggregate gross unrealized appreciation/depreciation for all securities in which there is an excess of value over tax cost were $16,376 and $3,300, respectively. Net unrealized appreciation for tax purposes is $13,076. |
DEFINITIONS (all amounts in thousands):
144A | 144A Securities are registered pursuant to Rule 144A of the Securities Act of 1933. These securities are deemed to be liquid for purposes of compliance limitations on holdings of illiquid securities and may be resold as transactions exempt from registration, normally to qualified institutional buyers. At 04/30/2012, these securities aggregated $99,034, or 35.40% of the fund’s net assets. | |
IO | Interest Only | |
OAO | Otkrytoe Aktsionernoe Obschestvo (Russian: Open Joint Stock Corporation) | |
REMIC | Real Estate Mortgage Investment Conduits (consist of a fixed pool of mortgages broken apart and marketed to investors as individual securities) | |
CURRENCY ABBREVIATIONS: | ||
BRL | Brazilian Real | |
CAD | Canadian Dollar | |
CLP | Chilean Peso | |
MXN | Mexican Peso | |
PHP | Philippine Peso |
VALUATION SUMMARY (all amounts in thousands): '
Investment Securities | Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Value at 04/30/2012 | ||||||||||||
Asset-Backed Securities | $ | — | $ | 7,885 | $ | — | $ | 7,885 | ||||||||
Common Stock | 3,029 | — | — | 3,029 | ||||||||||||
Convertible Bonds | — | 1,084 | — | 1,084 | ||||||||||||
Convertible Preferred Stock | 1,492 | — | — | 1,492 | ||||||||||||
Corporate Debt Securities | — | 176,020 | u | 176,020 | ||||||||||||
Foreign Government Obligations | — | 11,115 | — | 11,115 | ||||||||||||
Loan Assignment | — | 1,557 | — | 1,557 | ||||||||||||
Mortgage-Backed Securities | — | 25,310 | — | 25,310 | ||||||||||||
Municipal Government Obligations | — | 3,868 | — | 3,868 | ||||||||||||
Preferred Corporate Debt Securities | — | 4,742 | — | 4,742 | ||||||||||||
Preferred Stocks | 4,211 | — | — | 4,211 | ||||||||||||
Repurchase Agreement | — | 14,080 | — | 14,080 | ||||||||||||
Securities Lending Collateral | 32,662 | — | — | 32,662 | ||||||||||||
U.S. Government Agency Obligations | — | 827 | — | 827 | ||||||||||||
U.S. Government Obligations | — | 19,283 | — | 19,283 | ||||||||||||
Warrant | 1,564 | — | — | 1,564 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total | $ | 42,958 | $ | 265,771 | $ | u | $ | 308,729 | ||||||||
|
|
|
|
|
|
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 18 |
Transamerica Flexible Income
(formerly, Transamerica AEGON Flexible Income)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
VALUATION SUMMARY (continued)(all amounts in thousands): '
Level 3 Rollforward—Investment Securities
Securities | Beginning Balance at 10/31/2011 | Purchases | Sales | Accrued Discounts/ (Premiums) | Total Realized Gain/(Loss) | Net Change in Unrealized Appreciation/ (Depreciation) ƒ | Transfers into Level 3 | Transfers out of Level 3 | Ending Balance at 04/30/2012 | Net Change in Unrealized Appreciation/ (Depreciation) on Investments Held at 04/30/2012 ƒ | ||||||||||||||||||||||||||||||
Corporate Debt Securities | $ | u | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | u | $ | — |
' | See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
ƒ | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at 04/30/2012 may be due to an investment no longer held or categorized as Level 3 at period end. |
u | Amount is less than 1. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 19 |
Transamerica Growth Opportunities
(formerly, Transamerica Morgan Stanley Growth Opportunities)
SCHEDULE OF INVESTMENTS
At April 30, 2012
(unaudited)
Shares | Value (000’s) | |||||||
CONVERTIBLE PREFERRED STOCK—0.4% |
| |||||||
Automobiles—0.4% | ||||||||
Better Place ‡ə§r | 666,891 | $ | 2,694 | |||||
Total Convertible Preferred Stock (cost $1,667) |
| |||||||
PREFERRED STOCKS—0.7% |
| |||||||
Automobiles—0.4% | ||||||||
Better Place—Series C ‡ə§r | 581,653 | 2,350 | ||||||
Internet Software & Services—0.2% | ||||||||
Peixe Urbano, Inc. ‡ə§r | 50,890 | 1,425 | ||||||
Software—0.1% | ||||||||
Workday, Inc. ‡ə§r | 70,664 | 937 | ||||||
|
| |||||||
Total Preferred Stocks (cost $5,253) | 4,712 | |||||||
|
| |||||||
COMMON STOCKS—98.3% |
| |||||||
Air Freight & Logistics—1.8% |
| |||||||
Expeditors International of Washington, Inc. | 306,024 | 12,241 | ||||||
Biotechnology—0.7% | ||||||||
Ironwood Pharmaceuticals, Inc.—Class A ‡^ | 348,558 | 4,604 | ||||||
Capital Markets—0.6% | ||||||||
Greenhill & Co., Inc. ^ | 109,291 | 4,246 | ||||||
Chemicals—2.9% | ||||||||
Intrepid Potash, Inc. ‡^ | 317,441 | 7,888 | ||||||
Rockwood Holdings, Inc. ‡ | 209,435 | 11,591 | ||||||
Commercial Services & Supplies—6.6% |
| |||||||
Covanta Holding Corp. | 444,939 | 7,141 | ||||||
Edenred | 861,657 | 27,523 | ||||||
Stericycle, Inc. ‡^ | 117,300 | 10,158 | ||||||
Communications Equipment—4.4% |
| |||||||
Motorola Solutions, Inc. | 578,200 | 29,506 | ||||||
Construction Materials—1.1% |
| |||||||
Martin Marietta Materials, Inc. ^ | 90,463 | 7,498 | ||||||
Diversified Consumer Services—4.0% |
| |||||||
New Oriental Education & Technology Group ADR ‡ | 249,614 | 6,672 | ||||||
Weight Watchers International, Inc. ^ | 268,509 | 20,396 | ||||||
Diversified Financial Services—5.6% |
| |||||||
IntercontinentalExchange, Inc. ‡ | 79,103 | 10,524 | ||||||
Leucadia National Corp. | 344,292 | 8,559 | ||||||
MSCI, Inc.—Class A ‡ | 516,117 | 18,885 | ||||||
Electric Utilities—1.8% |
| |||||||
Brookfield Infrastructure Partners, LP | 384,409 | 12,124 | ||||||
Electrical Equipment—0.3% |
| |||||||
First Solar, Inc. ‡^ | 116,028 | 2,135 | ||||||
Food & Staples Retailing—0.9% |
| |||||||
Sun Art Retail Group, Ltd. ‡^ | 4,615,000 | 6,150 | ||||||
Food Products—2.9% |
| |||||||
Mead Johnson Nutrition Co.—Class A | 232,466 | 19,890 | ||||||
Health Care Equipment & Supplies—6.1% |
| |||||||
IDEXX Laboratories, Inc. ‡^ | 130,441 | 11,470 | ||||||
Intuitive Surgical, Inc. ‡ | 51,576 | 29,821 | ||||||
Health Care Technology—1.3% |
| |||||||
athenahealth, Inc. ‡^ | 118,128 | 8,558 | ||||||
Hotels, Restaurants & Leisure—2.1% |
| |||||||
Ctrip.com International, Ltd. ADR ‡^ | 232,087 | 5,029 | ||||||
Dunkin’ Brands Group, Inc. | 280,793 | 9,090 | ||||||
Internet & Catalog Retail—2.1% |
| |||||||
Groupon, Inc.—Class A ‡^ | 408,839 | 4,379 | ||||||
Groupon, Inc.—Class B ‡ə§r | 291,388 | 3,068 | ||||||
NetFlix, Inc. ‡ | 87,359 | 7,001 | ||||||
Internet Software & Services—10.2% |
| |||||||
Akamai Technologies, Inc. ‡ | 338,650 | 11,040 | ||||||
Alibaba.com, Ltd. ‡ | 3,205,200 | 5,503 | ||||||
LinkedIn Corp.—Class A ‡ | 208,735 | 22,638 | ||||||
MercadoLibre, Inc. ^ | 70,802 | 6,849 | ||||||
Yandex NV—Class A ‡ | 616,898 | 14,633 | ||||||
Youku, Inc. ADR ‡^ | 316,364 | 7,605 |
Value | ||||||||
Shares | (000’s) | |||||||
IT Services—1.7% |
| |||||||
Gartner, Inc. ‡ | 261,911 | $ | 11,472 | |||||
Life Sciences Tools & Services—3.2% |
| |||||||
Illumina, Inc. ‡^ | 299,313 | 13,329 | ||||||
Techne Corp. | 125,040 | 8,370 | ||||||
Machinery—1.6% |
| |||||||
Schindler Holding AG | 85,392 | 11,045 | ||||||
Media—1.7% |
| |||||||
McGraw-Hill Cos., Inc. | 235,407 | 11,575 | ||||||
Metals & Mining—1.5% |
| |||||||
Lynas Corp., Ltd. ‡^ | 2,367,240 | 2,775 | ||||||
Molycorp, Inc. ‡^ | 265,094 | 7,173 | ||||||
Multiline Retail—1.7% |
| |||||||
Dollar Tree, Inc. ‡ | 115,821 | 11,774 | ||||||
Oil, Gas & Consumable Fuels—2.9% |
| |||||||
Range Resources Corp. | 208,502 | 13,899 | ||||||
Ultra Petroleum Corp. ‡^ | 303,302 | 5,993 | ||||||
Personal Products—1.0% |
| |||||||
Natura Cosmeticos SA | 297,173 | 6,821 | ||||||
Pharmaceuticals—2.0% |
| |||||||
Valeant Pharmaceuticals International, | 241,612 | 13,441 | ||||||
Professional Services—8.1% |
| |||||||
IHS, Inc.—Class A ‡^ | 118,641 | 11,991 | ||||||
Intertek Group PLC | 321,498 | 13,122 | ||||||
Qualicorp SA ‡ | 1,100,864 | 9,587 | ||||||
Verisk Analytics, Inc.—Class A ‡ | 416,435 | 20,385 | ||||||
Semiconductors & Semiconductor Equipment—1.8% |
| |||||||
ARM Holdings PLC ADR ^ | 395,409 | 10,016 | ||||||
NVIDIA Corp. ‡ | 142,186 | 1,848 | ||||||
Software—11.3% |
| |||||||
Citrix Systems, Inc. ‡ | 79,775 | 6,830 | ||||||
FactSet Research Systems, Inc. ^ | 104,696 | 10,978 | ||||||
Nexon Co., Ltd. ‡^ | 315,518 | 6,023 | ||||||
Red Hat, Inc. ‡ | 186,655 | 11,127 | ||||||
Salesforce.com, Inc. ‡ | 106,462 | 16,578 | ||||||
Solera Holdings, Inc. | 275,745 | 12,391 | ||||||
Zynga, Inc.—Class A ‡^ | 1,257,298 | 10,486 | ||||||
Zynga, Inc.—Class B ‡ə§r | 158,524 | 1,278 | ||||||
Trading Companies & Distributors—3.5% |
| |||||||
Fastenal Co. | 506,085 | 23,695 | ||||||
Wireless Telecommunication Services—0.9% |
| |||||||
Millicom International Cellular SA | 57,898 | 6,150 | ||||||
|
| |||||||
Total Common Stocks (cost $592,912) | 664,567 | |||||||
|
| |||||||
SECURITIES LENDING COLLATERAL—21.8% |
| |||||||
State Street Navigator Securities Lending | ||||||||
Trust—Prime Portfolio, 0.29% p | 147,535,386 | 147,535 | ||||||
Total Securities Lending Collateral (cost $147,535) |
| |||||||
Principal (000’s) | Value (000’s) | |||||||
REPURCHASE AGREEMENT—0.6% |
| |||||||
State Street Bank & Trust Co. 0.03% p, dated 04/30/2012, to be repurchased at $4,109 on 05/01/2012. Collateralized by U.S. Government Agency Obligations, 2.42%—2.76%, due 04/01/2034, and with a total value of $4,192. | $ | 4,109 | 4,109 | |||||
|
| |||||||
Total Repurchase Agreement (cost $4,109) |
| |||||||
Total Investment Securities (cost $751,476) P | 823,617 | |||||||
Other Assets and Liabilities—Net | (147,479 | ) | ||||||
|
| |||||||
Net Assets | $ | 676,138 | ||||||
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 20 |
Transamerica Growth Opportunities
(formerly, Transamerica Morgan Stanley Growth Opportunities)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
NOTES TO SCHEDULE OF INVESTMENTS (all amounts in thousands):
ə | Fair valued as determined in good faith in accordance with procedures established by the Board of Trustees. Total aggregate market value of fair valued securities is $11,752, or 1.74% of the fund’s net assets. |
‡ | Non-income producing security. |
^ | All or a portion of this security is on loan. The value of all securities on loan is $143,641. |
§ | Illiquid. Total aggregate market value of illiquid securities is $11,752, or 1.74% of the fund’s net assets. |
p | Rate shown reflects the yield at 04/30/2012. |
P | Aggregate cost for federal income tax purposes is $751,476. Aggregate gross unrealized appreciation/depreciation for all securities in which there is an excess of value over tax cost were $130,276 and $58,135, respectively. Net unrealized appreciation for tax purposes is $72,141. |
r | Restricted. At 04/30/2012, the fund owned the respective securities (representing 1.74% of the fund’s net assets) which were restricted as to public resale: |
Date of | Fair | Fair Value | ||||||||||||||||||
Description | Acquisition | Shares* | Cost | Value | Per Share* | |||||||||||||||
Better Place | 01/25/2010 | 666,891 | $ | 1,667 | $ | 2,694 | $ | 4.04 | ||||||||||||
Better Place—Series C | 11/11/2011 | 581,653 | 2,641 | 2,350 | 4.04 | |||||||||||||||
Peixe Urbano, Inc. | 12/02/2011 | 50,890 | 1,675 | 1,425 | 28.00 | |||||||||||||||
Workday, Inc. | 10/12/2011 | 70,664 | 937 | 937 | 13.26 | |||||||||||||||
Groupon, Inc.—Class A | 12/16/2010 | 291,388 | 2,301 | 3,068 | 10.53 | |||||||||||||||
Zynga—Class B | 02/17/2011 | 158,524 | 2,224 | 1,278 | 8.06 |
* | Amount not in thousands. |
DEFINITION:
ADR | American Depositary Receipt |
VALUATION SUMMARY (all amounts in thousands): '
Level 2— | ||||||||||||||||
Other | Level 3— | |||||||||||||||
Level 1— | Significant | Significant | ||||||||||||||
Quoted | Observable | Unobservable | Value at | |||||||||||||
Investment Securities | Prices | Inputs | Inputs | 04/30/2012 | ||||||||||||
Common Stocks | $ | 552,608 | $ | 107,613 | $ | 4,346 | $ | 664,567 | ||||||||
Convertible Preferred Stock | — | — | 2,694 | 2,694 | ||||||||||||
Preferred Stocks | — | — | 4,712 | 4,712 | ||||||||||||
Repurchase Agreement | — | 4,109 | — | 4,109 | ||||||||||||
Securities Lending Collateral | 147,535 | — | — | 147,535 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total | $ | 700,143 | $ | 111,722 | $ | 11,752 | $ | 823,617 | ||||||||
|
|
|
|
|
|
|
|
Level 3 Rollforward—Investment Securities
Securities | Beginning Balance at 10/31/2011 | Purchases | Sales | Accrued Discounts/ (Premiums) | Total Realized Gain/(Loss) | Net Change in Unrealized Appreciation/ (Depreciation) ƒ | Transfers into Level 3 | Transfers out of Level 3 | Ending Balance at 04/30/2012 | Net Change in Unrealized Appreciation/ (Depreciation) on Investments Held at 04/30/2012 ƒ | ||||||||||||||||||||||||||||||
Common Stocks | $ | — | $ | 4,525 | $ | — | $ | — | $ | — | $ | (179 | ) | $ | — | $ | — | $ | 4,346 | $ | (179 | ) | ||||||||||||||||||
Convertible Preferred Stocks | — | 1,667 | — | — | — | 1,027 | — | — | 2,694 | 1,027 | ||||||||||||||||||||||||||||||
Preferred Stocks | 531 | 4,722 | — | — | — | (541 | ) | — | — | 4,712 | (541 | ) | ||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||||||||||
Total | $ | 531 | $ | 10,914 | $ | — | $ | — | $ | — | $ | 307 | $ | — | $ | — | $ | 11,752 | $ | 307 | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
' | See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
ƒ | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at 04/30/2012 may be due to an investment no longer held or categorized as Level 3 at period end. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 21 |
Transamerica High Yield Bond
(formerly, Transamerica AEGON High Yield Bond)
SCHEDULE OF INVESTMENTS
At April 30, 2012
(unaudited)
Principal | Value | |||||||
(000’s) | (000’s) | |||||||
CORPORATE DEBT SECURITIES—90.2% |
| |||||||
Aerospace & Defense—1.2% |
| |||||||
Bombardier, Inc. | $ | 450 | $ | 498 | ||||
7.75%, 03/15/2020—144A | 1,300 | 1,453 | ||||||
Hexcel Corp. | 776 | 784 | ||||||
Spirit Aerosystems, Inc. | 920 | 989 | ||||||
7.50%, 10/01/2017 | 1,945 | 2,105 | ||||||
Triumph Group, Inc. | 2,000 | 2,225 | ||||||
Airlines—0.5% |
| |||||||
Continental Airlines Pass-Through Trust Series | 763 | 763 | ||||||
Delta Air Lines, Inc., Pass-Through Trust | 400 | 402 | ||||||
U.S. Airways Pass-Through Trust | 1,871 | 1,927 | ||||||
Auto Components—0.1% |
| |||||||
Lear Corp. | 440 | 491 | ||||||
Automobiles—1.1% |
| |||||||
Chrysler Group LLC/CG Co-Issuer, Inc. | 3,350 | 3,467 | ||||||
8.25%, 06/15/2021 ^ | 1,070 | 1,107 | ||||||
General Motors Corp. (Escrow Shares) | 2,825 | ¿ | ||||||
Jaguar Land Rover PLC | 650 | 678 | ||||||
8.13%, 05/15/2021—144A ^ | 1,660 | 1,735 | ||||||
Beverages—1.9% |
| |||||||
Constellation Brands, Inc. | 1,800 | 1,895 | ||||||
7.25%, 09/01/2016 | 4,300 | 4,858 | ||||||
7.25%, 05/15/2017 ^ | 1,050 | 1,187 | ||||||
Cott Beverages, Inc. | 745 | 806 | ||||||
8.38%, 11/15/2017 | 3,370 | 3,640 | ||||||
Building Products—2.6% |
| |||||||
Associated Materials LLC | 4,540 | 4,086 | ||||||
Euramax International, Inc. | 4,310 | 3,965 | ||||||
Ply Gem Industries, Inc. | 7,447 | 7,317 | ||||||
13.13%, 07/15/2014 | 1,800 | 1,818 | ||||||
Chemicals—1.4% |
| |||||||
Huntsman International LLC | 3,390 | 3,865 | ||||||
NOVA Chemicals Corp. | 1,350 | 1,348 | ||||||
8.63%, 11/01/2019 | 3,240 | 3,694 | ||||||
Commercial Banks—1.0% |
| |||||||
CIT Group, Inc. | 583 | 600 | ||||||
7.00%, 05/02/2016—144A | 5,843 | 5,858 | ||||||
Commercial Services & Supplies—2.9% |
| |||||||
Ceridian Corp. | 2,480 | 2,362 |
Principal | Value | |||||||
(000’s) | (000’s) | |||||||
Commercial Services & Supplies (continued) |
| |||||||
Ceridian Corp. (continued) | $ | 4,321 | $ | 4,137 | ||||
EnergySolutions, Inc. / EnergySolutions LLC | 4,640 | 4,815 | ||||||
International Lease Finance Corp. | 3,625 | 4,015 | ||||||
KAR Auction Services, Inc. | 1,925 | 1,920 | ||||||
UR Financing Escrow Corp. | 1,884 | 1,978 | ||||||
Computers & Peripherals—0.5% |
| |||||||
Seagate HDD Cayman | 2,700 | 2,977 | ||||||
Consumer Finance—2.0% |
| |||||||
Ally Financial, Inc. | 2,350 | 2,479 | ||||||
Springleaf Finance Corp. | 12,550 | 10,244 | ||||||
Containers & Packaging—1.8% |
| |||||||
Cascades, Inc. | 1,425 | 1,411 | ||||||
Graphic Packaging International, Inc. | 2,400 | 2,664 | ||||||
9.50%, 06/15/2017 | 1,300 | 1,443 | ||||||
Packaging Dynamics Corp. | 3,495 | 3,713 | ||||||
Sealed Air Corp. | 2,150 | 2,403 | ||||||
Diversified Consumer Services—1.5% |
| |||||||
Ford Holdings LLC | 5,225 | 6,923 | ||||||
Service Corp., International | 860 | 933 | ||||||
7.00%, 06/15/2017 ^ | 1,240 | 1,383 | ||||||
7.00%, 05/15/2019 | 500 | 534 | ||||||
Diversified Financial Services—3.9% |
| |||||||
Bank of America Corp. Series K | 6,605 | 6,815 | ||||||
Ford Motor Credit Co., LLC | 3,500 | 3,627 | ||||||
5.00%, 05/15/2018 | 950 | 1,027 | ||||||
5.88%, 08/02/2021 | 500 | 565 | ||||||
International Lease Finance Corp. | 875 | 980 | ||||||
JPMorgan Chase & Co. Series 1 | 2,780 | 3,046 | ||||||
Marina District Finance Co., Inc. | 2,900 | 2,820 | ||||||
9.88%, 08/15/2018 ^ | 2,890 | 2,774 | ||||||
Nuveen Investments, Inc. | 3,723 | 3,844 | ||||||
Diversified Telecommunication Services—5.9% |
| |||||||
Cincinnati Bell, Inc. | 3,230 | 3,230 | ||||||
8.75%, 03/15/2018 ^ | 1,225 | 1,148 | ||||||
Clearwire Communications LLC / Clearwire Finance, Inc. | 62 | 62 | ||||||
Frontier Communications Corp. | 600 | 647 | ||||||
9.00%, 08/15/2031 | 7,849 | 7,475 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 22 |
Transamerica High Yield Bond
(formerly, Transamerica AEGON High Yield Bond)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Principal | Value | |||||||
(000’s) | (000’s) | |||||||
Diversified Telecommunication Services (continued) |
| |||||||
Hughes Satellite Systems Corp. | $ | 2,225 | $ | 2,381 | ||||
7.63%, 06/15/2021 | 400 | 434 | ||||||
Intelsat Jackson Holdings SA | 3,385 | 3,525 | ||||||
Level 3 Financing, Inc. | 6,440 | 6,617 | ||||||
PAETEC Holding Corp. | 2,000 | 2,185 | ||||||
Sprint Capital Corp. | 4,625 | 3,920 | ||||||
Windstream Corp. | 7,275 | 7,547 | ||||||
Electric Utilities—3.6% |
| |||||||
AES Red Oak LLC—Series B | 4,440 | 4,751 | ||||||
Elwood Energy LLC | 4,732 | 4,815 | ||||||
Homer City Funding LLC | 2,923 | 2,777 | ||||||
8.73%, 10/01/2026 | 7,174 | 6,860 | ||||||
Intergen NV | 2,000 | 2,053 | ||||||
LSP Energy, LP / LSP Batesville Funding Corp. | 1,666 | 1,374 | ||||||
8.16%, 07/15/2025 ə Џ | 750 | 615 | ||||||
Electronic Equipment & Instruments—0.4% |
| |||||||
NXP BV / NXP Funding LLC | 2,425 | 2,771 | ||||||
Energy Equipment & Services—1.1% | ||||||||
Stallion Oilfield Holdings, Ltd. | 6,603 | 7,082 | ||||||
Food & Staples Retailing—1.4% |
| |||||||
Rite Aid Corp. | 2,000 | 2,045 | ||||||
7.70%, 02/15/2027 | 281 | 247 | ||||||
9.50%, 06/15/2017 ^ | 337 | 338 | ||||||
10.38%, 07/15/2016 | 3,400 | 3,609 | ||||||
SUPERVALU, Inc. | 2,804 | 2,944 | ||||||
Food Products—1.6% |
| |||||||
Dole Food Co., Inc. | 4,170 | 4,400 | ||||||
Harmony Foods Corp. | 571 | 591 | ||||||
Post Holdings, Inc. | 2,180 | 2,267 | ||||||
Simmons Foods, Inc. | 3,400 | 3,128 | ||||||
Health Care Equipment & Supplies—0.9% |
| |||||||
Accellent, Inc. | 2,230 | 2,250 | ||||||
Kinetic Concepts, Inc. / KCI USA, Inc. | 3,645 | 3,758 | ||||||
Health Care Providers & Services—5.0% |
| |||||||
CHS/Community Health Systems, Inc. | 7,900 | 8,337 | ||||||
DaVita, Inc. | 4,500 | 4,725 | ||||||
Fresenius Medical Care US Finance II, Inc. | 2,525 | 2,569 |
Principal | Value | |||||||
(000’s) | (000’s) | |||||||
Health Care Providers & Services (continued) |
| |||||||
Fresenius Medical Care US Finance II, Inc. (continued) | $ | 700 | $ | 711 | ||||
GCB U.S. Oncology, Inc. (Escrow Shares) | 4,970 | 75 | ||||||
HCA, Inc. | 1,300 | 1,391 | ||||||
7.50%, 02/15/2022 ^ | 4,100 | 4,413 | ||||||
7.88%, 02/15/2020 | 2,750 | 3,053 | ||||||
HealthSouth Corp. | 3,300 | 3,556 | ||||||
LifePoint Hospitals, Inc. | 3,815 | 4,015 | ||||||
Hotels, Restaurants & Leisure—5.9% |
| |||||||
Ameristar Casinos, Inc. | 372 | 393 | ||||||
7.50%, 04/15/2021 ^ | 4,275 | 4,521 | ||||||
Caesars Entertainment Operating Co., Inc. | 3,725 | 2,808 | ||||||
12.75%, 04/15/2018 | 6,500 | 5,533 | ||||||
GWR Operating Partnership LLP | 5,465 | 6,147 | ||||||
Mashantucket Western Pequot Tribe | 6,600 | 602 | ||||||
MGM Resorts International | 2,625 | 2,730 | ||||||
10.00%, 11/01/2016 ^ | 2,775 | 3,122 | ||||||
11.13%, 11/15/2017 | 2,456 | 2,781 | ||||||
11.38%, 03/01/2018 ^ | 2,000 | 2,383 | ||||||
Royal Caribbean Cruises, Ltd. | 1,475 | 1,582 | ||||||
Seneca Gaming Corp. | 1,000 | 1,023 | ||||||
WMG Acquisition Corp. | 2,120 | 2,311 | ||||||
Wynn Las Vegas LLC | 2,072 | 2,290 | ||||||
Household Durables—4.3% |
| |||||||
Beazer Homes USA, Inc. | 5,310 | 4,514 | ||||||
12.00%, 10/15/2017 | 5,654 | 6,138 | ||||||
Jarden Corp. | 2,360 | 2,578 | ||||||
K. Hovnanian Enterprises, Inc. | 3,960 | 3,564 | ||||||
KB Home | 3,490 | 3,595 | ||||||
Meritage Homes Corp. | 3,646 | 3,764 | ||||||
Standard Pacific Corp. | 3,400 | 3,589 | ||||||
Household Products—1.4% |
| |||||||
Reynolds Group Issuer, Inc. | 300 | 309 | ||||||
7.13%, 04/15/2019—144A | 1,950 | 2,038 | ||||||
9.00%, 04/15/2019—144A | 5,175 | 5,201 | ||||||
9.88%, 08/15/2019—144A | 1,250 | 1,303 | ||||||
Independent Power Producers & Energy Traders—4.4% |
| |||||||
Calpine Corp. | 3,875 | 4,137 | ||||||
7.88%, 07/31/2020—01/15/2023—144A | 1,825 | 1,988 | ||||||
Dynegy Holdings LLC | 4,800 | 3,216 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 23 |
Transamerica High Yield Bond
(formerly, Transamerica AEGON High Yield Bond)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Principal | Value | |||||||
(000’s) | (000’s) | |||||||
Independent Power Producers & Energy Traders (continued) |
| |||||||
Dynegy Holdings LLC (continued) | $ | 11,190 | $ | 7,552 | ||||
Edison Mission Energy | 3,650 | 2,236 | ||||||
NRG Energy, Inc. | 5,700 | 5,718 | ||||||
7.88%, 05/15/2021 ^ | 2,250 | 2,199 | ||||||
8.25%, 09/01/2020 ^ | 1,900 | 1,905 | ||||||
Insurance—2.3% |
| |||||||
Genworth Financial, Inc. | 3,584 | 2,191 | ||||||
Liberty Mutual Group, Inc. | 3,475 | 4,726 | ||||||
Lincoln National Corp. | 8,350 | 8,099 | ||||||
IT Services—1.0% |
| |||||||
SunGard Data Systems, Inc. | 2,275 | 2,429 | ||||||
7.63%, 11/15/2020 ^ | 3,905 | 4,163 | ||||||
Machinery—0.8% |
| |||||||
Dynacast International LLC | 2,200 | 2,310 | ||||||
Navistar International Corp. | 2,459 | 2,656 | ||||||
Media—6.3% |
| |||||||
Cablevision Systems Corp. | 2,225 | 2,364 | ||||||
8.00%, 04/15/2020 ^ | 1,050 | 1,134 | ||||||
8.63%, 09/15/2017 | 1,800 | 1,976 | ||||||
CCO Holdings LLC / CCO Holdings Capital Corp. | 800 | 836 | ||||||
7.25%, 10/30/2017 ^ | 5,385 | 5,855 | ||||||
7.38%, 06/01/2020 ^ | 1,500 | 1,637 | ||||||
7.88%, 04/30/2018 ^ | 450 | 487 | ||||||
Cequel Communications Holdings I LLC / Cequel Capital Corp. | 3,000 | 3,240 | ||||||
Clear Channel Worldwide Holdings, Inc. | 3,875 | 3,836 | ||||||
7.63%, 03/15/2020—144A | 500 | 486 | ||||||
9.25%, 12/15/2017 | 475 | 518 | ||||||
Clear Channel Worldwide Holdings, Inc.—Series B | 3,675 | 4,029 | ||||||
DISH DBS Corp. | 1,000 | 1,108 | ||||||
7.75%, 05/31/2015 | 468 | 527 | ||||||
7.88%, 09/01/2019 | 1,700 | 1,968 | ||||||
Univision Communications, Inc. | 2,915 | 3,039 | ||||||
8.50%, 05/15/2021—144A | 3,985 | 3,935 | ||||||
WMG Acquisition Corp. | 4,200 | 4,588 | ||||||
Metals & Mining—1.4% |
| |||||||
AK Steel Corp. | 3,182 | 3,072 | ||||||
FMG Resources August 2006 Pty, Ltd. | 2,490 | 2,695 | ||||||
Thompson Creek Metals Co., Inc. | 585 | 500 |
Principal | Value | |||||||
(000’s) | (000’s) | |||||||
Metals & Mining (continued) |
| |||||||
U.S. Steel Corp. | $ | 3,043 | $ | 2,533 | ||||
Multiline Retail—1.2% |
| |||||||
Bon-Ton Department Stores, Inc. | 3,305 | 2,718 | ||||||
JC Penney Corp., Inc. | 3,375 | 3,498 | ||||||
7.40%, 04/01/2037 | 1,350 | 1,296 | ||||||
Multi-Utilities—0.5% |
| |||||||
Puget Energy, Inc. | 2,950 | 3,154 | ||||||
Oil, Gas & Consumable Fuels—7.4% |
| |||||||
Arch Coal, Inc. | 670 | 600 | ||||||
7.25%, 06/15/2021—144A ^ | 1,115 | 995 | ||||||
8.75%, 08/01/2016 | 1,400 | 1,404 | ||||||
Chesapeake Energy Corp. | 2,550 | 2,486 | ||||||
6.78%, 03/15/2019 ^ | 2,100 | 2,042 | ||||||
7.63%, 07/15/2013 | 100 | 104 | ||||||
9.50%, 02/15/2015 ^ | 2,400 | 2,616 | ||||||
Connacher Oil and Gas, Ltd. | 3,025 | 3,010 | ||||||
CONSOL Energy, Inc. | 540 | 508 | ||||||
8.00%, 04/01/2017 | 750 | 791 | ||||||
8.25%, 04/01/2020 | 2,000 | 2,100 | ||||||
Continental Resources, Inc. | 385 | 391 | ||||||
7.13%, 04/01/2021 | 650 | 725 | ||||||
8.25%, 10/01/2019 | 2,460 | 2,755 | ||||||
El Paso Corp. | 5,475 | 6,263 | ||||||
Energy Transfer Equity, LP | 6,000 | 6,644 | ||||||
Kinder Morgan Finance Co., ULC | 3,160 | 3,318 | ||||||
Linn Energy LLC/Linn Energy Finance Corp. | 1,740 | 1,836 | ||||||
8.63%, 04/15/2020 | 2,340 | 2,556 | ||||||
Newfield Exploration Co. | 610 | 624 | ||||||
6.88%, 02/01/2020 ^ | 2,138 | 2,272 | ||||||
7.13%, 05/15/2018 | 295 | 314 | ||||||
Plains Exploration & Production Co. | 1,000 | 1,010 | ||||||
6.75%, 02/01/2022 | 1,215 | 1,264 | ||||||
SM Energy Co. | 2,370 | 2,500 | ||||||
Paper & Forest Products—0.7% |
| |||||||
Ainsworth Lumber Co., Ltd. | 696 | 545 | ||||||
Westvaco Corp. | 600 | 666 | ||||||
8.20%, 01/15/2030 | 2,650 | 3,041 | ||||||
Pharmaceuticals—1.1% |
| |||||||
Mylan, Inc. | 1,000 | 1,108 | ||||||
7.88%, 07/15/2020—144A | 1,695 | 1,898 | ||||||
Valeant Pharmaceuticals International, Inc. | 2,170 | 2,111 | ||||||
6.88%, 12/01/2018—144A | 1,100 | 1,133 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 24 |
Transamerica High Yield Bond
(formerly, Transamerica AEGON High Yield Bond)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Principal (000’s) | Value (000’s) | |||||||
Pharmaceuticals (continued) |
| |||||||
Valeant Pharmaceuticals International, Inc. (continued) | $ | 900 | $ | 912 | ||||
Real Estate Investment Trusts—1.3% |
| |||||||
Host Hotels & Resorts, LP | 700 | 744 | ||||||
6.00%, 10/01/2021—144A | 3,000 | 3,203 | ||||||
9.00%, 05/15/2017 ^ | 450 | 500 | ||||||
Weyerhaeuser Co. | 3,450 | 3,767 | ||||||
Real Estate Management & Development—0.3% |
| |||||||
Realogy Corp. | 1,905 | 1,781 | ||||||
Road & Rail—1.2% |
| |||||||
Avis Budget Car Rental LLC / Avis Budget Finance, Inc. | 1,035 | 1,084 | ||||||
9.75%, 03/15/2020 | 3,605 | 3,965 | ||||||
Hertz Corp. | 2,000 | 2,088 | ||||||
7.50%, 10/15/2018 | 900 | 965 | ||||||
Semiconductors & Semiconductor Equipment—0.6% |
| |||||||
Freescale Semiconductor, Inc. | 2,900 | 3,179 | ||||||
10.13%, 03/15/2018—144A ^ | 638 | 711 | ||||||
Software—1.5% |
| |||||||
First Data Corp. | 1,340 | 1,307 | ||||||
12.63%, 01/15/2021 ^ | 8,186 | 8,206 | ||||||
Specialty Retail—0.5% |
| |||||||
Brookstone Co., Inc. | 935 | 757 | ||||||
Claire’s Stores, Inc. | 500 | 515 | ||||||
9.63%, 06/01/2015 Ώ | 1,968 | 1,673 | ||||||
Textiles, Apparel & Luxury Goods—1.5% |
| |||||||
Jones Group, Inc. | 6,720 | 5,108 | ||||||
Levi Strauss & Co. | 3,440 | 3,517 | ||||||
PVH Corp. | 1,175 | 1,298 | ||||||
Wireless Telecommunication Services—2.3% |
| |||||||
Cricket Communications, Inc. | 2,190 | 2,305 | ||||||
7.75%, 10/15/2020 ^ | 2,225 | 2,086 | ||||||
Sprint Nextel Corp. | 6,270 | 6,035 | ||||||
9.00%, 11/15/2018—144A | 1,670 | 1,839 | ||||||
9.25%, 04/15/2022 | 2,750 | 2,736 | ||||||
|
| |||||||
Total Corporate Debt Securities (cost $577,302) |
| 587,368 | ||||||
|
| |||||||
STRUCTURED NOTES DEBT—0.4% |
| |||||||
Diversified Telecommunication Services—0.4% |
| |||||||
Intelsat Luxembourg SA | 2,750 | 2,839 | ||||||
Total Structured Notes Debt (cost $2,944) |
|
Shares | Value (000’s) | |||||||
PREFERRED STOCKS—2.5% |
| |||||||
Consumer Finance—1.3% |
| |||||||
Ally Financial, Inc., | 3,053 | $ | 2,591 | |||||
Ally Financial, Inc., | 246,000 | 5,511 | ||||||
Diversified Financial Services—0.5% |
| |||||||
GMAC Capital Trust I, | 149,000 | 3,569 | ||||||
Insurance—0.7% |
| |||||||
Hartford Financial Services Group, Inc., | 177,400 | 4,674 | ||||||
|
| |||||||
Total Preferred Stocks (cost $15,413) | 16,345 | |||||||
|
| |||||||
COMMON STOCKS—0.6% |
| |||||||
Automobiles—0.0% ¥ |
| |||||||
General Motors Co. ‡^ | 11,558 | 266 | ||||||
Commercial Banks—0.4% | ||||||||
CIT Group, Inc. ‡ | 68,248 | 2,583 | ||||||
IT Services—0.2% | ||||||||
Unisys Corp. ‡^ | 61,972 | 1,156 | ||||||
|
| |||||||
Total Common Stocks (cost $3,482) | 4,005 | |||||||
|
| |||||||
WARRANTS—0.0% ¥ |
| |||||||
Automobiles—0.0% ¥ |
| |||||||
General Motors Co. ‡ | 203 | 3 | ||||||
General Motors Co. ‡ | 203 | 2 | ||||||
|
| |||||||
Total Warrants (cost $u) | 5 | |||||||
|
| |||||||
SECURITIES LENDING COLLATERAL—17.7% |
| |||||||
State Street Navigator Securities Lending Trust—Prime Portfolio, 0.29% p | 115,329,870 | 115,330 | ||||||
Total Securities Lending Collateral (cost $115,330) |
| |||||||
Principal | Value | |||||||
(000’s) | (000’s) | |||||||
REPURCHASE AGREEMENT—4.9% |
| |||||||
State Street Bank & Trust Co. 0.03% p, dated 04/30/2012, to be repurchased at $31,955 on 05/01/2012. Collateralized by a U.S. Government Agency Obligation, 3.00%, due 12/01/2026, and with a value of $32,597. | $ | 31,955 | 31,955 | |||||
Total Repurchase Agreement (cost $31,955) |
| |||||||
|
| |||||||
Total Investment Securities | 757,847 | |||||||
Other Assets and Liabilities—Net | (106,033 | ) | ||||||
|
| |||||||
Net Assets | $ | 651,814 | ||||||
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 25 |
Transamerica High Yield Bond
(formerly, Transamerica AEGON High Yield Bond)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
NOTES TO SCHEDULE OF INVESTMENTS (all amounts in thousands):
^ | All or a portion of this security is on loan. The value of all securities on loan is $112,968. |
ə | Fair valued as determined in good faith in accordance with procedures established by the Board of Trustees. Total aggregate market value of fair valued securities is $1,989, or 0.31% of the fund’s net assets. |
* | Floating or variable rate note. Rate is listed as of 04/30/2012. |
Ώ | Payment in-kind. Securities pay interest or dividends in the form of additional bonds or preferred stock. |
Ž | The security has a perpetual maturity. The date shown is the next call date. |
Џ | In default. |
‡ | Non-income producing security. |
¥ | Percentage rounds to less than 0.1%. |
p | Rate shown reflects the yield at 04/30/2012. |
P | Aggregate cost for federal income tax purposes is $746,426. Aggregate gross unrealized appreciation/depreciation for all securities in which there is an excess of value over tax cost were $28,501 and $17,080, respectively. Net unrealized appreciation for tax purposes is $11,421. |
u | Amount is less than 1. |
DEFINITION (all amounts in thousands):
144A | 144A Securities are registered pursuant to Rule 144A of the Securities Act of 1933. These securities are deemed to be liquid for purposes of compliance limitations on holdings of illiquid securities and may be resold as transactions exempt from registration, normally to qualified institutional buyers. At 04/30/2012, these securities aggregated $130,002, or 19.94% of the fund’s net assets. |
VALUATION SUMMARY (all amounts in thousands): '
Level 2— | ||||||||||||||||
Other | Level 3— | |||||||||||||||
Level 1— | Significant | Significant | ||||||||||||||
Quoted | Observable | Unobservable | Value at | |||||||||||||
Investment Securities | Prices | Inputs | Inputs | 04/30/2012 | ||||||||||||
Common Stocks | $ | 4,005 | $ | — | $ | — | $ | 4,005 | ||||||||
Corporate Debt Securities | — | 587,368 | u | 587,368 | ||||||||||||
Preferred Stocks | 16,345 | — | — | 16,345 | ||||||||||||
Repurchase Agreement | — | 31,955 | — | 31,955 | ||||||||||||
Securities Lending Collateral | 115,330 | — | — | 115,330 | ||||||||||||
Structured Notes Debt | — | 2,839 | — | 2,839 | ||||||||||||
Warrants | 5 | — | — | 5 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total | $ | 135,685 | $ | 622,162 | $ | u | $ | 757,847 | ||||||||
|
|
|
|
|
|
|
|
Level 3 Rollforward—Investment Securities
Securities | Beginning Balance at 10/31/2011 | Purchases | Sales | Accrued Discounts/ (Premiums) | Total Realized Gain/(Loss) | Net Change in Unrealized Appreciation/ (Depreciation) ƒ | Transfers into Level 3 | Transfers out of Level 3 | Ending Balance at 04/30/2012 | Net Change in Unrealized Appreciation/ (Depreciation) on Investments Held at 04/30/2012 ƒ | ||||||||||||||||||||||||||||||
Corporate Debt Securities | $ | u | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | u | $ | — |
' | See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
ƒ | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at 04/30/2012 may be due to an investment no longer held or categorized as Level 3 at period end. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 26 |
Transamerica International Bond
(formerly, Transamerica JPMorgan International Bond)
SCHEDULE OF INVESTMENTS
At April 30, 2012
(unaudited)
Principal | Value | |||||||
(000’s) | (000’s) | |||||||
FOREIGN GOVERNMENT OBLIGATIONS—70.8% |
| |||||||
Australia—1.8% | ||||||||
New South Wales Treasury Corp. | AUD | 3,550 | $ | 4,013 | ||||
Belgium—2.8% | ||||||||
Belgium Government Bond | EUR | 3,470 | 4,945 | |||||
4.25%, 09/28/2021 | 1,000 | 1,426 | ||||||
Brazil—1.3% | ||||||||
Brazil Notas do Tesouro Nacional | BRL | 5,480 | 2,903 | |||||
Canada—4.1% | ||||||||
Canadian Government Bond | CAD | 1,300 | 1,356 | |||||
3.25%, 06/01/2021 | 5,600 | 6,230 | ||||||
5.00%, 06/01/2037 | 590 | 854 | ||||||
5.75%, 06/01/2033 | 383 | 585 | ||||||
Denmark—1.2% | ||||||||
Denmark Government Bond | DKK | 12,850 | 2,736 | |||||
France—8.0% | ||||||||
Caisse d’Amortissement de la Dette Sociale | GBP | 2,520 | 3,816 | |||||
France Government Bond OAT | EUR | 7,300 | 9,494 | |||||
4.50%, 04/25/2041 | 1,600 | 2,410 | ||||||
5.75%, 10/25/2032 | 1,278 | 2,215 | ||||||
Germany—6.7% | ||||||||
Bundesrepublik Deutschland | 6,780 | 9,538 | ||||||
4.75%, 07/04/2034 | 2,970 | 5,486 | ||||||
Italy—8.0% | ||||||||
Italy Buoni Poliennali Del Tesoro | 8,305 | 9,590 | ||||||
4.25%, 08/01/2014 | 2,500 | 3,358 | ||||||
5.25%, 08/01/2017 | 3,800 | 5,163 | ||||||
Japan—21.4% | ||||||||
10-Year Japan Government Bond | JPY | 330,000 | 4,238 | |||||
Japan Government Bond | 1,424,000 | 18,434 | ||||||
2.10%, 12/20/2026—09/20/2028 | 1,067,000 | 14,561 | ||||||
2.20%, 09/20/2039—03/20/2041 | 802,000 | 10,758 | ||||||
Netherlands—2.5% | ||||||||
Netherlands Government Bond | EUR | 1,160 | 1,682 | |||||
3.75%, 07/15/2014—01/15/2042 | 2,775 | 4,051 | ||||||
South Africa—1.1% | ||||||||
Republic of South Africa | ZAR | 15,900 | 2,473 | |||||
Spain—2.7% | ||||||||
Spain Government Bond | EUR | 3,540 | 4,487 | |||||
4.90%, 07/30/2040 | 1,410 | 1,524 | ||||||
Supranational—4.8% | ||||||||
European Investment Bank | JPY | 361,000 | 4,764 | |||||
4.25%, 10/15/2014 | EUR | 4,175 | 5,995 | |||||
Sweden—1.0% | ||||||||
Sweden Government Bond | SEK | 14,000 | 2,297 |
Principal | Value | |||||||
(000’s) | (000’s) | |||||||
United Kingdom—3.4% |
| |||||||
United Kingdom Gilt | GBP | 965 | $ | 1,840 | ||||
4.50%, 12/07/2042 | 2,920 | 5,797 | ||||||
|
| |||||||
Total Foreign Government Obligations (cost $152,785) |
| 159,019 | ||||||
|
| |||||||
MORTGAGE-BACKED SECURITY—1.4% |
| |||||||
Spain—1.4% | ||||||||
Union de Creditos Inmobiliarios | EUR | 3,490 | 3,192 | |||||
Total Mortgage-Backed Security (cost $4,735) |
| |||||||
CORPORATE DEBT SECURITIES—22.3% |
| |||||||
Australia—1.0% | ||||||||
Suncorp-Metway, Ltd. | GBP | 1,290 | 2,193 | |||||
Finland—1.3% | ||||||||
Nordea Bank Finland PLC | EUR | 2,100 | 2,875 | |||||
France—2.1% | ||||||||
BNP Paribas Home Loan SFH | 1,750 | 2,376 | ||||||
Cie de Financement Foncier SA | 1,600 | 2,313 | ||||||
Germany—3.8% | ||||||||
KFW | JPY | 170,000 | 2,416 | |||||
5.50%, 12/07/2015 | GBP | 3,350 | 6,201 | |||||
Netherlands—5.4% | ||||||||
Fortis Bank Nederland NV | EUR | 3,200 | 4,452 | |||||
ING Bank NV | 2,850 | 3,944 | ||||||
LeasePlan Corp. NV | 2,750 | 3,815 | ||||||
Norway—2.2% | ||||||||
Sparebank 1 Boligkreditt AS | 1,500 | 2,057 | ||||||
Sparebanken Vest Boligkreditt AS | 2,100 | 2,862 | ||||||
Sweden—1.2% | ||||||||
Stadshypotek AB | 2,000 | 2,772 | ||||||
Switzerland—1.8% | ||||||||
Credit Suisse AG | 3,000 | 4,149 | ||||||
United Kingdom—3.5% | ||||||||
Abbey National Treasury Services PLC | 1,550 | 2,148 | ||||||
Bank of Scotland PLC | 800 | 1,146 | ||||||
Barclays Bank PLC | 1,700 | 2,411 | ||||||
Royal Bank of Scotland PLC | 1,450 | 2,063 | ||||||
|
| |||||||
Total Corporate Debt Securities (cost $48,626) |
| 50,193 | ||||||
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 27 |
Transamerica International Bond
(formerly, Transamerica JPMorgan International Bond)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Principal (000’s) | Value (000’s) | |||||||
REPURCHASE AGREEMENT—0.2% |
| |||||||
State Street Bank & Trust Co. | $ | 390 | $ | 390 | ||||
Total Repurchase Agreement (cost $390) | ||||||||
|
| |||||||
Total Investment Securities (cost $206,536) P |
| 212,794 | ||||||
Other Assets and Liabilities—Net | 11,988 | |||||||
|
| |||||||
Net Assets | $ | 224,782 | ||||||
|
|
Percentage of | Value | |||||||
INVESTMENTS BY INDUSTRY: | Total Investments | (000’s) | ||||||
Foreign Government Obligation | 74.7 | % | $ | 159,019 | ||||
Commercial Banks | 16.4 | 34,798 | ||||||
Diversified Financial Services | 6.2 | 13,202 | �� | |||||
Mortgage-Backed Security | 1.5 | 3,192 | ||||||
Insurance | 1.0 | 2,193 | ||||||
|
|
|
| |||||
Investment Securities, at Value | 99.8 | 212,404 | ||||||
Short-Term Investments | 0.2 | 390 | ||||||
|
|
|
| |||||
Total Investments | 100.0 | % | $ | 212,794 | ||||
|
|
|
|
FUTURES CONTRACTS: Б
Description | Type | Contracts | Expiration Date | Net Unrealized Appreciation (Depreciation) (000’s) | ||||||||||||
10-Year Government of Canada Bond | Short | (43 | ) | 06/20/2012 | $ | (31 | ) | |||||||||
10-Year Japan Government Bond | Long | 20 | 06/11/2012 | 246 | ||||||||||||
3-Year Australian Treasury Bond | Long | 4 | 06/15/2012 | 7 | ||||||||||||
German Euro BOBL | Short | (103 | ) | 06/07/2012 | (147 | ) | ||||||||||
German Euro Bund | Short | (43 | ) | 06/07/2012 | (94 | ) | ||||||||||
German Euro Schatz | Short | (204 | ) | 06/07/2012 | (82 | ) | ||||||||||
U.K. Long Gilt Bond | Long | 48 | 06/27/2012 | 101 | ||||||||||||
|
| |||||||||||||||
$(u | ) | |||||||||||||||
|
|
FORWARD FOREIGN CURRENCY CONTRACTS:
Currency | Counterparty | Contracts Bought (Sold) (000’s) | Settlement Date | Amount in U.S. Dollars Bought (Sold) (000’s) | Net Unrealized Appreciation (Depreciation) (000’s) | |||||||||||||
Australian Dollar | HSBC | (9,967 | ) | 06/14/2012 | $ | (10,272 | ) | $ | (64 | ) | ||||||||
Australian Dollar | BNP | 6,332 | 06/14/2012 | 6,494 | 71 | |||||||||||||
Brazilian Real | HSBC | (6,409 | ) | 06/14/2012 | (3,470 | ) | 136 | |||||||||||
Canadian Dollar | HSBC | (1,310 | ) | 06/14/2012 | (1,311 | ) | (15 | ) | ||||||||||
Canadian Dollar | BCLY | (5,130 | ) | 06/14/2012 | (5,129 | ) | (58 | ) | ||||||||||
Canadian Dollar | UBS | (1,471 | ) | 06/14/2012 | (1,484 | ) | (4 | ) | ||||||||||
Canadian Dollar | BNP | (372 | ) | 06/14/2012 | (377 | ) | 1 | |||||||||||
Canadian Dollar | BCLY | 412 | 06/14/2012 | 415 | 2 | |||||||||||||
Canadian Dollar | HSBC | 9,433 | 06/14/2012 | 9,454 | 86 | |||||||||||||
Canadian Dollar | CITI | (1,912 | ) | 06/14/2012 | (1,925 | ) | (8 | ) | ||||||||||
Danish Krone | BNP | (1,987 | ) | 06/14/2012 | (355 | ) | 1 | |||||||||||
Euro | BCLY | 831 | 06/14/2012 | 1,109 | (9 | ) | ||||||||||||
Euro | CSFB | 173 | 06/14/2012 | 228 | 2 | |||||||||||||
Euro | HSBC | 879 | 06/14/2012 | 1,155 | 9 | |||||||||||||
Euro | HSBC | (2,903 | ) | 06/14/2012 | (3,872 | ) | 28 | |||||||||||
Euro | BCLY | (433 | ) | 06/14/2012 | (568 | ) | (6 | ) | ||||||||||
Euro | DUB | (44,760 | ) | 06/14/2012 | (59,780 | ) | 522 | |||||||||||
Euro | BCLY | (8,005 | ) | 06/14/2012 | (10,460 | ) | (138 | ) |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 28 |
Transamerica International Bond
(formerly, Transamerica JPMorgan International Bond)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
FORWARD FOREIGN CURRENCY CONTRACTS (continued):
Currency | Counterparty | Contracts Bought (Sold) (000’s) | Settlement Date | Amount in U.S. Dollars Bought (Sold) (000’s) | Net Unrealized Appreciation (Depreciation) (000’s) | |||||||||||||
Euro | CITI | (1,923 | ) | 06/14/2012 | $ | (2,524 | ) | $ | (22 | ) | ||||||||
Euro | UBS | (1,301 | ) | 06/14/2012 | (1,695 | ) | (28 | ) | ||||||||||
Euro | BNP | (1,621 | ) | 06/14/2012 | (2,136 | ) | (9 | ) | ||||||||||
Euro | CSFB | 329 | 06/14/2012 | 434 | 1 | |||||||||||||
Euro | DUB | 12,399 | 06/14/2012 | 16,507 | (91 | ) | ||||||||||||
Euro | BCLY | 645 | 06/14/2012 | 843 | 11 | |||||||||||||
Euro | WBC | 542 | 06/14/2012 | 724 | (7 | ) | ||||||||||||
Euro | BNP | 2,945 | 06/14/2012 | 3,909 | (10 | ) | ||||||||||||
Euro | UBS | 1,815 | 06/14/2012 | 2,408 | (6 | ) | ||||||||||||
Euro | BNP | 202 | 06/14/2012 | 270 | (2 | ) | ||||||||||||
Euro | BNP | 323 | 06/14/2012 | 421 | 7 | |||||||||||||
Euro | UBS | 278 | 06/14/2012 | 366 | 2 | |||||||||||||
Euro | RBS | 1,711 | 06/14/2012 | 2,253 | 12 | |||||||||||||
Indonesian Rupiah | DUB | (25,530,378 | ) | 06/14/2012 | (2,760 | ) | (6 | ) | ||||||||||
Indonesian Rupiah | UBS | 25,530,378 | 06/14/2012 | 2,774 | (9 | ) | ||||||||||||
Japanese Yen | DUB | 142,867 | 06/14/2012 | 1,772 | 18 | |||||||||||||
Japanese Yen | DUB | 100,748 | 06/14/2012 | 1,225 | 37 | |||||||||||||
Japanese Yen | BNP | (223,977 | ) | 06/14/2012 | (2,752 | ) | (55 | ) | ||||||||||
Japanese Yen | CITI | 4,128,185 | 06/14/2012 | 50,176 | 1,553 | |||||||||||||
Japanese Yen | DUB | 1,005,801 | 06/14/2012 | 12,235 | 368 | |||||||||||||
Japanese Yen | DUB | 154,567 | 06/14/2012 | 1,883 | 54 | |||||||||||||
Japanese Yen | CSFB | 46,041 | 06/14/2012 | 557 | 20 | |||||||||||||
Japanese Yen | BCLY | 36,773 | 06/14/2012 | 455 | 6 | |||||||||||||
Japanese Yen | BCLY | (112,314 | ) | 06/14/2012 | (1,388 | ) | (19 | ) | ||||||||||
Japanese Yen | HSBC | (455,379 | ) | 06/14/2012 | (5,530 | ) | (176 | ) | ||||||||||
Japanese Yen | BNP | 110,231 | 06/14/2012 | 1,341 | 41 | |||||||||||||
Japanese Yen | SSB | 166,474 | 06/14/2012 | 2,012 | 74 | |||||||||||||
Japanese Yen | DUB | (1,228,171 | ) | 06/14/2012 | (14,916 | ) | (472 | ) | ||||||||||
Mexican Peso | BCLY | 40,878 | 06/14/2012 | 3,088 | 37 | |||||||||||||
Mexican Peso | CITI | (6,135 | ) | 06/14/2012 | (476 | ) | 7 | |||||||||||
Mexican Peso | BNP | (4,313 | ) | 06/14/2012 | (334 | ) | 4 | |||||||||||
New Zealand Dollar | CITI | 5 | 06/14/2012 | 4 | (u | ) | ||||||||||||
Norwegian Krone | CITI | (3,098 | ) | 06/14/2012 | (534 | ) | (6 | ) | ||||||||||
Norwegian Krone | BCLY | 729 | 06/14/2012 | 126 | 1 | |||||||||||||
Pound Sterling | BNP | (509 | ) | 06/14/2012 | (820 | ) | (6 | ) | ||||||||||
Pound Sterling | DUB | 2,583 | 06/14/2012 | 4,132 | 58 | |||||||||||||
Pound Sterling | BNP | 590 | 06/14/2012 | 936 | 21 | |||||||||||||
Pound Sterling | RBS | 834 | 06/14/2012 | 1,355 | (2 | ) | ||||||||||||
Pound Sterling | MSC | 141 | 06/14/2012 | 228 | 1 | |||||||||||||
Pound Sterling | CITI | (1,915 | ) | 06/14/2012 | (3,031 | ) | (77 | ) | ||||||||||
Pound Sterling | HSBC | (763 | ) | 06/14/2012 | (1,220 | ) | (18 | ) | ||||||||||
Pound Sterling | DUB | 1,854 | 06/14/2012 | 2,959 | 49 | |||||||||||||
Singapore Dollar | CITI | 3,407 | 06/14/2012 | 2,709 | 44 | |||||||||||||
Singapore Dollar | CITI | (587 | ) | 06/14/2012 | (466 | ) | (8 | ) | ||||||||||
South African Rand | DUB | (18,123 | ) | 06/14/2012 | (2,335 | ) | 19 | |||||||||||
Swedish Krona | CITI | 36,225 | 06/14/2012 | 5,452 | (73 | ) | ||||||||||||
Swedish Krona | CITI | (3,030 | ) | 06/14/2012 | (448 | ) | (2 | ) | ||||||||||
|
| |||||||||||||||||
$ | 1,897 | |||||||||||||||||
|
|
FORWARD FOREIGN CROSS CURRENCY CONTRACTS:
Currency | Counterparty | Contracts Bought (Sold) (000’s) | Settlement Date | Amount in U.S. Dollars Bought (Sold) (000’s) | Unrealized Appreciation (Depreciation) (000’s) | |||||||||||||
Australian Dollar | CSFB | (156 | ) | 06/14/2012 | $ | (161 | ) | $ | (3 | ) | ||||||||
Euro | CSFB | 121 | 06/14/2012 | 160 | 2 | |||||||||||||
Canadian Dollar | SSB | (464 | ) | 06/14/2012 | (469 | ) | (7 | ) | ||||||||||
Euro | SSB | 352 | 06/14/2012 | 466 | 4 | |||||||||||||
Canadian Dollar | BNP | (378 | ) | 06/14/2012 | (382 | ) | (6 | ) | ||||||||||
Euro | BNP | 283 | 06/14/2012 | 375 | (1 | ) | ||||||||||||
Canadian Dollar | BCLY | 646 | 06/14/2012 | 653 | 7 | |||||||||||||
Euro | BCLY | (484 | ) | 06/14/2012 | (640 | ) | 6 | |||||||||||
Canadian Dollar | RBC | 935 | 06/14/2012 | 945 | 7 | |||||||||||||
Japanese Yen | RBC | (76,926 | ) | 06/14/2012 | (964 | ) | (26 | ) |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 29 |
Transamerica International Bond
(formerly, Transamerica JPMorgan International Bond)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
FORWARD FOREIGN CROSS CURRENCY CONTRACTS (continued):
Currency | Counterparty | Contracts Bought (Sold) (000’s) | Settlement Date | Amount in U.S. Dollars Bought (Sold) (000’s) | Unrealized Appreciation (Depreciation) (000’s) | |||||||||||||
Danish Krone | CITI | (1,905 | ) | 06/14/2012 | $ | (339 | ) | $ | (5 | ) | ||||||||
Euro | CITI | 256 | 06/14/2012 | 339 | 5 | |||||||||||||
Euro | DUB | (1,399 | ) | 06/14/2012 | (1,852 | ) | (3 | ) | ||||||||||
Pound Sterling | DUB | 1,139 | 06/14/2012 | 1,848 | (2 | ) | ||||||||||||
Euro | DUB | (1,277 | ) | 06/14/2012 | (1,691 | ) | 3 | |||||||||||
Pound Sterling | DUB | 1,048 | 06/14/2012 | 1,701 | 8 | |||||||||||||
Euro | CITI | (869 | ) | 06/14/2012 | (1,150 | ) | 7 | |||||||||||
Japanese Yen | CITI | 95,296 | 06/14/2012 | 1,194 | 37 | |||||||||||||
Euro | BCLY | (658 | ) | 06/14/2012 | (871 | ) | 14 | |||||||||||
Japanese Yen | BCLY | 72,864 | 06/14/2012 | 913 | 28 | |||||||||||||
Euro | CSFB | (425 | ) | 06/14/2012 | (563 | ) | 1 | |||||||||||
Japanese Yen | CSFB | 46,388 | 06/14/2012 | 581 | 17 | |||||||||||||
Euro | RBC | (328 | ) | 06/14/2012 | (434 | ) | (7 | ) | ||||||||||
Japanese Yen | RBC | 34,819 | 06/14/2012 | 436 | 8 | |||||||||||||
Euro | CSFB | (242 | ) | 06/14/2012 | (321 | ) | (3 | ) | ||||||||||
Japanese Yen | CSFB | 25,762 | 06/14/2012 | 323 | 4 | |||||||||||||
Euro | BCLY | 252 | 06/14/2012 | 334 | (2 | ) | ||||||||||||
Japanese Yen | BCLY | (27,608 | ) | 06/14/2012 | (346 | ) | (11 | ) | ||||||||||
Euro | HSBC | 254 | 06/14/2012 | 336 | 3 | |||||||||||||
Japanese Yen | HSBC | (27,426 | ) | 06/14/2012 | (344 | ) | (11 | ) | ||||||||||
Euro | HSBC | 271 | 06/14/2012 | 359 | (2 | ) | ||||||||||||
Swedish Krona | HSBC | (2,403 | ) | 06/14/2012 | (357 | ) | 4 | |||||||||||
Euro | UBS | 1,004 | 06/14/2012 | 1,329 | 12 | |||||||||||||
Swedish Krona | UBS | (8,965 | ) | 06/14/2012 | (1,331 | ) | (14 | ) | ||||||||||
Euro | CSFB | 2,717 | 06/14/2012 | 3,597 | 32 | |||||||||||||
Norwegian Krone | CSFB | (20,726 | ) | 06/14/2012 | (3,615 | ) | (50 | ) | ||||||||||
Norwegian Krone | DUB | 9,831 | 06/14/2012 | 1,715 | 20 | |||||||||||||
Swedish Krona | DUB | (11,513 | ) | 06/14/2012 | (1,710 | ) | (15 | ) | ||||||||||
Norwegian Krone | UBS | 10,657 | 06/14/2012 | 1,859 | (9 | ) | ||||||||||||
Swedish Krona | UBS | (12,426 | ) | 06/14/2012 | (1,845 | ) | 23 | |||||||||||
Norwegian Krone | DUB | 11,096 | 06/14/2012 | 1,936 | (13 | ) | ||||||||||||
Swedish Krona | DUB | (13,033 | ) | 06/14/2012 | (1,936 | ) | 14 | |||||||||||
|
| |||||||||||||||||
$ | 76 | |||||||||||||||||
|
|
Collateral (Received) Pledged for OTC Financial Derivative Instruments
The following is a summary by counterparty of the market value of OTC financial derivative instruments and collateral (received)/pledged as of 04/30/2012:
Counterparty | Total Market Value of OTC Derivatives (000’s) | Collateral (Received)/Pledged (000’s) | Net Exposures(1) (000’s) | |||||||||
BCLY | $ | (131 | ) | $ | — | $ | (131 | ) | ||||
BNP | 57 | — | 57 | |||||||||
CITI | 1,452 | — | 1,452 | |||||||||
CSFB | 23 | — | 23 | |||||||||
DUB | 568 | — | 568 | |||||||||
HSBC | (20 | ) | — | (20 | ) | |||||||
MSC | 1 | — | 1 | |||||||||
RBC | (18 | ) | — | (18 | ) | |||||||
RBS | 10 | — | 10 | |||||||||
SSB | 71 | — | 71 | |||||||||
UBS | (33 | ) | — | (33 | ) | |||||||
WBC | (7 | ) | — | (7 | ) |
(1) | Net exposure represents the net receivable/(payable) that would be due from/to the counterparty in the event of default. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 30 |
Transamerica International Bond
(formerly, Transamerica JPMorgan International Bond)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
NOTES TO SCHEDULE OF INVESTMENTS (all amounts in thousands):
* | Floating or variable rate note. Rate is listed as of 04/30/2012. |
p | Rate shown reflects the yield at 04/30/2012. |
Б | Cash in the amount of $1,067 has been segregated as collateral to cover margin requirements for open futures contracts. |
u | Amount rounds to less than 1. |
§ | Illiquid. Total aggregate market value of illiquid securities is $3,192, or 1.42% of the fund’s. net assets. |
P | Aggregate cost for federal income tax purposes is $206,536. Aggregate gross unrealized appreciation/depreciation for all securities in which there is an excess of value over tax cost were $12,230 and $5,972, respectively. Net unrealized appreciation for tax purposes is $6,258. |
DEFINITIONS:
BCLY | Barclays Bank PLC | |
BNP CITI CSFB DUB HSBC MSC RBC RBS SSB UBS WBC | BNP Paribas Bank Citigroup, Inc. Credit Suisse First Boston Deutsche Bank AG HSBC Bank USA Morgan Stanley Royal Bank of Canada Royal Bank of Scotland Group PLC State Street Bank UBS Warburg LLC Westpac Banking Corporation |
CURRENCY ABBREVIATIONS:
AUD | Australian Dollar | |
BRL | Brazilian Real | |
CAD DKK EUR GBP JPY SEK ZAR | Canadian Dollar Danish Krone Euro Pound Sterling Japanese Yen Swedish Krona South African Rand |
VALUATION SUMMARY (all amounts in thousands): '
Investment Securities | Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Value at 04/30/2012 | ||||||||||||
Corporate Debt Securities | $ | — | $ | 50,193 | $ | — | $ | 50,193 | ||||||||
Foreign Government Obligations | — | 159,019 | — | 159,019 | ||||||||||||
Mortgage-Backed Security | — | 3,192 | — | 3,192 | ||||||||||||
Repurchase Agreement | — | 390 | — | 390 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total | $ | — | $ | 212,794 | $ | — | $ | 212,794 | ||||||||
|
|
|
|
|
|
|
|
Other Financial Instruments ₣ | Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Value at 04/30/2012 | ||||||||||||
Futures Contracts—Appreciation | $ | 354 | $ | — | $ | — | $ | 354 | ||||||||
Futures Contracts—Depreciation | (354 | ) | — | — | (354 | ) | ||||||||||
Forward Foreign Cross Currency Contracts— Appreciation | — | 266 | — | 266 | ||||||||||||
Forward Foreign Cross Currency Contracts— Depreciation | — | (190 | ) | — | (190 | ) | ||||||||||
Forward Foreign Currency Contracts—Appreciation | — | 3,303 | — | 3,303 | ||||||||||||
Forward Foreign Currency Contracts—Depreciation | — | (1,406 | ) | — | (1,406 | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Total | $ | (u | ) | $ | 1,973 | $ | — | $ | 1,973 | |||||||
|
|
|
|
|
|
|
|
' | See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
₣ | Other financial instruments are derivative instruments that are valued at unrealized appreciation (depreciation) on the instrument. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 31 |
Transamerica International Equity
(formerly Transamerica TS&W International Equity)
SCHEDULE OF INVESTMENTS
At April 30, 2012
(unaudited)
Shares | Value (000’s) | |||||||
PREFERRED STOCK—0.5% |
| |||||||
Russian Federation—0.5% | ||||||||
Sberbank of Russia, 3.89% p | 540,000 | $ | 945 | |||||
Total Preferred Stock (cost $1,337) |
| |||||||
COMMON STOCKS—94.8% |
| |||||||
Australia—3.0% | ||||||||
APA Group ^ | 431,000 | 2,344 | ||||||
Computershare, Ltd. ^ | 269,900 | 2,365 | ||||||
Telstra Corp., Ltd. | 262,000 | 966 | ||||||
Belgium—1.3% | ||||||||
Anheuser-Busch InBev NV ^ | 33,900 | 2,444 | ||||||
Canada—2.2% | ||||||||
Barrick Gold Corp. ^ | 52,100 | 2,108 | ||||||
Canadian Imperial Bank of Commerce | 21,000 | 1,584 | ||||||
Penn West Petroleum, Ltd. ^ | 33,000 | 566 | ||||||
Finland—0.7% | ||||||||
Sampo OYJ—Class A | 53,278 | 1,418 | ||||||
France—7.4% | ||||||||
AXA SA ^ | 133,983 | 1,898 | ||||||
Bouygues SA ^ | 51,489 | 1,398 | ||||||
Etablissements Maurel et Prom | 47,500 | 790 | ||||||
Euler Hermes SA | 24,400 | 1,728 | ||||||
European Aeronautic Defence and Space Co., NV | 72,700 | 2,870 | ||||||
Sanofi ^ | 39,600 | 3,022 | ||||||
Societe Generale SA | 21,900 | 518 | ||||||
Vivendi SA | 89,500 | 1,654 | ||||||
Germany—10.8% | ||||||||
Adidas AG | 26,000 | 2,168 | ||||||
Allianz SE | 21,000 | 2,340 | ||||||
Bayer AG ^ | 38,600 | 2,719 | ||||||
Gerresheimer AG ‡ | 30,700 | 1,417 | ||||||
HeidelbergCement AG ^ | 34,700 | 1,908 | ||||||
Hochtief AG | 18,300 | 1,073 | ||||||
Linde AG | 11,000 | 1,883 | ||||||
Rheinmetall AG | 19,195 | 1,078 | ||||||
Siemens AG | 40,600 | 3,761 | ||||||
TUI AG ‡^ | 286,300 | 2,092 | ||||||
Greece—0.5% | ||||||||
OPAP SA | 98,036 | 876 | ||||||
Hong Kong—3.7% | ||||||||
First Pacific Co. | 1,820,200 | 1,975 | ||||||
Guangdong Investment, Ltd. ^ | 3,012,000 | 2,217 | ||||||
HSBC Holdings PLC | 297,424 | 2,710 | ||||||
Ireland—2.5% | ||||||||
Ryanair Holdings PLC ADR ‡^ | 69,900 | 2,354 | ||||||
Smurfit Kappa Group PLC | 297,900 | 2,508 | ||||||
Italy—3.3% | ||||||||
Fiat Industrial SpA | 190,749 | 1,565 | ||||||
Pirelli & C. SpA | 200,500 | 2,442 | ||||||
Prysmian SpA | 135,001 | 2,198 | ||||||
Japan—16.6% | ||||||||
Air Water, Inc. | 191,400 | 2,413 | ||||||
Aisin Seiki Co., Ltd. | 86,000 | 3,028 | ||||||
Daito Trust Construction Co., Ltd. | 21,100 | 1,897 | ||||||
Fujitsu, Ltd. ^ | 405,000 | 1,968 | ||||||
Fukuoka Financial Group, Inc. | 415,000 | 1,727 | ||||||
Hitachi, Ltd. | 510,000 | 3,248 | ||||||
Japan Petroleum Exploration Co. | 31,000 | 1,414 | ||||||
Jupiter Telecommunications Co., Ltd. | 2,561 | 2,714 | ||||||
Kintetsu World Express, Inc. ^ | 55,000 | 1,969 | ||||||
Komatsu, Ltd. | 50,800 | 1,462 | ||||||
Kuraray Co., Ltd. | 130,000 | 1,855 | ||||||
Mitsubishi Corp. | 105,800 | 2,293 | ||||||
Nippon Telegraph & Telephone Corp. | 74,900 | 3,389 | ||||||
USS Co., Ltd. | 24,880 | 2,524 | ||||||
Korea, Republic of—2.6% |
| |||||||
Hyundai Home Shopping Network Corp. | 9,200 | 1,123 |
Shares | Value (000’s) | |||||||
Korea, Republic of (continued) | ||||||||
Kangwon Land, Inc. | 96,300 | $ | 2,066 | |||||
SK Telecom Co., Ltd. | 15,000 | 1,792 | ||||||
Netherlands—1.2% | ||||||||
BinckBank NV | 147,252 | 1,394 | ||||||
Wolters Kluwer NV | 58,700 | 1,013 | ||||||
Rubssian Federation—0.4% | ||||||||
Gazprom OAO ADR | 62,000 | 712 | ||||||
Singapore—2.4% | ||||||||
Fraser and Neave, Ltd. | 446,900 | 2,542 | ||||||
SIA Engineering Co., Ltd. | 657,000 | 2,092 | ||||||
Spain—2.0% | ||||||||
Amadeus IT Holding SA—Class A | 95,600 | 1,954 | ||||||
Grifols SA ADR ^ | 119,110 | 1,127 | ||||||
Viscofan SA | 15,880 | 718 | ||||||
Sweden—4.2% | ||||||||
Investment AB Kinnevik—Class B | 103,100 | 2,097 | ||||||
Investor AB—Class B | 138,400 | 2,759 | ||||||
Saab AB | 67,193 | 1,120 | ||||||
Svenska Cellulosa AB—Class B | 115,300 | 1,827 | ||||||
Switzerland—6.9% | ||||||||
Aryzta AG ‡ | 38,900 | 1,959 | ||||||
GAM Holding AG ‡ | 157,200 | 2,017 | ||||||
Nestle SA | 42,200 | 2,585 | ||||||
Novartis AG | 68,900 | 3,800 | ||||||
Zurich Insurance Group AG ‡ | 9,800 | 2,397 | ||||||
Thailand—0.9% | ||||||||
Bangkok Bank PCL | 283,000 | 1,758 | ||||||
United Kingdom—19.2% | ||||||||
BHP Billiton PLC ADR ^ | 31,300 | 2,014 | ||||||
BP PLC ADR | 68,000 | 2,952 | ||||||
Diageo PLC ADR | 16,725 | 1,691 | ||||||
Imperial Tobacco Group PLC | 47,300 | 1,891 | ||||||
Inmarsat PLC | 272,900 | 1,948 | ||||||
Johnson Matthey PLC | 44,100 | 1,656 | ||||||
Kingfisher PLC | 503,500 | 2,374 | ||||||
National Grid PLC | 195,300 | 2,109 | ||||||
Resolution, Ltd. | 438,800 | 1,594 | ||||||
Rexam PLC | 301,824 | 2,106 | ||||||
Royal Dutch Shell PLC—Class A | 100,400 | 3,574 | ||||||
TESCO PLC | 319,000 | 1,643 | ||||||
Unilever PLC | 121,700 | 4,153 | ||||||
Vodafone Group PLC | 1,168,100 | 3,232 | ||||||
WPP PLC | 212,700 | 2,878 | ||||||
United States—3.0% | ||||||||
Flextronics International, Ltd. ‡^ | 304,000 | 2,025 | ||||||
Noble Corp. ‡^ | 57,800 | 2,200 | ||||||
RenaissanceRe Holdings, Ltd. ^ | 18,000 | 1,405 | ||||||
|
| |||||||
Total Common Stocks (cost $175,385) | 179,155 | |||||||
|
| |||||||
SECURITIES LENDING COLLATERAL—12.1% |
| |||||||
State Street Navigator Securities Lending Trust—Prime Portfolio, 0.29% p | 22,895,120 | 22,895 | ||||||
Total Securities Lending Collateral (cost $22,895) |
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 32 |
Transamerica International Equity
(formerly Transamerica TS&W International Equity)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Principal (000’s) | Value (000’s) | |||||||
REPURCHASE AGREEMENT—4.0% |
| |||||||
State Street Bank & Trust Co. | $ | 7,606 | $ | 7,606 | ||||
Total Repurchase Agreement (cost $7,606) |
| |||||||
|
| |||||||
Total Investment Securities (cost $207,223) P | 210,601 | |||||||
Other Assets and Liabilities—Net | (21,482 | ) | ||||||
|
| |||||||
Net Assets | $ | 189,119 | ||||||
|
|
INVESTMENTS BY INDUSTRY: | Percentage of Total Investments | Value (000’s) | ||||||
Insurance | 6.1 | % | $ | 12,779 | ||||
Oil, Gas & Consumable Fuels | 4.8 | 10,007 | ||||||
Pharmaceuticals | 4.5 | 9,541 | ||||||
Food Products | 4.5 | 9,415 | ||||||
Commercial Banks | 3.9 | 8,297 | ||||||
Media | 3.9 | 8,259 | ||||||
Chemicals | 3.7 | 7,807 | ||||||
Industrial Conglomerates | 3.5 | 7,381 | ||||||
Diversified Financial Services | 3.2 | 6,831 | ||||||
Diversified Telecommunication Services | 3.0 | 6,303 | ||||||
Auto Components | 2.6 | 5,470 | ||||||
Electronic Equipment & Instruments | 2.5 | 5,273 | ||||||
Hotels, Restaurants & Leisure | 2.4 | 5,034 | ||||||
Wireless Telecommunication Services | 2.4 | 5,024 | ||||||
Specialty Retail | 2.3 | 4,898 | ||||||
Containers & Packaging | 2.2 | 4,614 | ||||||
Capital Markets | 2.1 | 4,356 | ||||||
IT Services | 2.1 | 4,319 | ||||||
Beverages | 2.0 | 4,135 | ||||||
Metals & Mining | 2.0 | 4,122 | ||||||
Aerospace & Defense | 1.9 | 3,990 | ||||||
Machinery | 1.4 | 3,028 | ||||||
Construction & Engineering | 1.2 | 2,471 | ||||||
Airlines | 1.1 | 2,354 | ||||||
Gas Utilities | 1.1 | 2,344 | ||||||
Trading Companies & Distributors | 1.1 | 2,293 | ||||||
Water Utilities | 1.1 | 2,217 | ||||||
Energy Equipment & Services | 1.0 | 2,200 | ||||||
Electrical Equipment | 1.0 | 2,198 | ||||||
Textiles, Apparel & Luxury Goods | 1.0 | 2,168 | ||||||
Multi-Utilities | 1.0 | 2,109 | ||||||
Transportation Infrastructure | 1.0 | 2,092 | ||||||
Air Freight & Logistics | 0.9 | 1,969 | ||||||
Computers & Peripherals | 0.9 | 1,968 | ||||||
Construction Materials | 0.9 | 1,908 | ||||||
Real Estate Management & Development | 0.9 | 1,898 | ||||||
Tobacco | 0.9 | 1,891 | ||||||
Paper & Forest Products | 0.9 | 1,827 | ||||||
Food & Staples Retailing | 0.8 | 1,643 | ||||||
Life Sciences Tools & Services | 0.7 | 1,417 | ||||||
Biotechnology | 0.5 | 1,127 | ||||||
Internet & Catalog Retail | 0.5 | 1,123 | ||||||
|
|
|
| |||||
Investment Securities, at Value | 85.5 | 180,100 | ||||||
Short-Term Investments | 14.5 | 30,501 | ||||||
|
|
|
| |||||
Total Investments | 100.0 | % | $ | 210,601 | ||||
|
|
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 33 |
Transamerica International Equity
(formerly, Transamerica TS&W International Equity)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
NOTES TO SCHEDULE OF INVESTMENTS (all amounts in thousands):
‡ | Non-income producing security. |
^ | All or a portion of this security is on loan. The value of all securities on loan is $21,909. |
p | Rate shown reflects the yield at 04/30/2012. |
P | Aggregate cost for federal income tax purposes is $207,223. Aggregate gross unrealized appreciation/depreciation for all securities in which there is an excess of value over tax cost were $15,725 and $12,347, respectively. Net unrealized appreciation for tax purposes is $3,378. |
DEFINITION:
ADR American Depositary Receipt
VALUATION SUMMARY (all amounts in thousands): '
Investment Securities | Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Value at 04/30/2012 | ||||||||||||
Common Stocks | $ | 9,888 | $ | 169,267 | $ | — | $ | 179,155 | ||||||||
Preferred Stock | — | 945 | — | 945 | ||||||||||||
Repurchase Agreement | — | 7,606 | — | 7,606 | ||||||||||||
Securities Lending Collateral | 22,895 | — | — | 22,895 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total | $ | 32,783 | $ | 177,818 | $ | — | $ | 210,601 | ||||||||
|
|
|
|
|
|
|
|
' | See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 34 |
Transamerica Money Market
(formerly, Transamerica AEGON Money Market)
SCHEDULE OF INVESTMENTS
At April 30, 2012
(unaudited)
Principal (000’s) | Value (000’s) | |||||||
COMMERCIAL PAPER p —67.1% |
| |||||||
Beverages—0.7% | ||||||||
Coca-Cola Co. | $ | 1,500 | $ | 1,499 | ||||
Commercial Banks—28.3% |
| |||||||
Australia & New Zealand Banking Group, Ltd. | 5,000 | 4,996 | ||||||
Bank Tokyo Mit UFJ, Ltd. | 3,000 | 3,000 | ||||||
Barclays US Funding Corp. | 9,000 | 9,001 | ||||||
Credit Suisse | 4,400 | 4,397 | ||||||
Deutsche Bank Financial LLC | 3,100 | 3,099 | ||||||
DNB Bank ASA | 3,300 | 3,298 | ||||||
0.32%, 06/11/2012—144A | 2,000 | 1,999 | ||||||
Mizuho Funding LLC | 5,000 | 4,996 | ||||||
0.36%, 05/22/2012 | 1,700 | 1,700 | ||||||
National Australia Funding Delaware, Inc. | 5,900 | 5,901 | ||||||
Skandinaviska Enskilda Banken AB | 3,000 | 2,997 | ||||||
0.49%, 06/06/2012—144A | 1,850 | 1,849 | ||||||
Standard Chartered Bank | 3,000 | 2,995 | ||||||
0.41%, 05/10/2012—09/14/2012 | 5,000 | 4,995 | ||||||
Sumitomo Mitsui Banking Corp. | 7,700 | 7,694 | ||||||
Westpac Securities NZ, Ltd. | 1,600 | 1,597 | ||||||
Consumer Finance—4.4% | ||||||||
PACCAR Financial Corp. | 2,100 | 2,100 | ||||||
Toyota Motor Credit Corp. | 4,000 | 3,999 | ||||||
0.28%, 05/21/2012—07/06/2012 | 4,000 | 3,999 | ||||||
Diversified Financial Services—33.7% |
| |||||||
Alpine Securitization Corp. | 6,000 | 5,999 | ||||||
General Electric Capital Corp. | 2,100 | 2,100 | ||||||
0.28%, 07/16/2012 | 4,000 | 3,998 | ||||||
ING US Funding LLC | 2,800 | 2,798 | ||||||
Jupiter Securitization Co. LLC | 1,600 | 1,600 | ||||||
Mont Blanc Capital Corp. | 6,000 | 5,999 | ||||||
Nieuw Amsterdam Receivables Corp. | 4,200 | 4,200 | ||||||
Nordea North America, Inc. | 2,200 | 2,199 | ||||||
0.33%, 09/04/2012 | 3,000 | 2,997 | ||||||
Rabobank USA Financial Corp. | 2,100 | 2,098 | ||||||
0.36%, 06/22/2012—08/02/2012 | 5,900 | 5,895 | ||||||
Regency Markets No. 1 LLC | 2,000 | 2,000 | ||||||
0.36%, 07/16/2012—144A | 2,400 | 2,398 |
Principal (000’s) | Value (000’s) | |||||||
Diversified Financial Services (continued) |
| |||||||
Sheffield Receivables Corp. | $ | 4,000 | $ | 3,997 | ||||
0.37%, 06/06/2012—144A | 4,000 | 3,999 | ||||||
Straight-A Funding LLC | 4,000 | 3,999 | ||||||
0.15%, 06/18/2012 | 2,000 | 2,000 | ||||||
0.16%, 06/27/2012 | 6,300 | 6,298 | ||||||
Surrey Funding Corp. | 4,200 | 4,200 | ||||||
Victory Receivables Corp. | 3,000 | 3,000 | ||||||
0.22%, 06/26/2012—144A | 5,000 | 4,998 | ||||||
|
| |||||||
Total Commercial Paper (cost $152,883) |
| 152,883 | ||||||
|
| |||||||
CERTIFICATES OF DEPOSIT p—7.7% |
| |||||||
Commercial Banks—7.7% |
| |||||||
Bank of Tokyo-Mitsubishi UFJ, Ltd. | 6,000 | 6,000 | ||||||
Svenska Handelsbanken AB | 2,000 | 2,000 | ||||||
0.29%, 06/12/2012 | 3,500 | 3,500 | ||||||
Toronto-Dominion Bank | 6,000 | 6,000 | ||||||
|
| |||||||
Total Certificates of Deposit (cost $17,500) |
| 17,500 | ||||||
|
| |||||||
SHORT-TERM U.S. GOVERNMENT OBLIGATIONS p—5.6% |
| |||||||
Freddie Mac | 3,500 | 3,500 | ||||||
U.S. Treasury Bill | 5,800 | 5,799 | ||||||
0.09%, 06/21/2012 | 3,400 | 3,400 | ||||||
|
| |||||||
Total Short-Term U.S. Government Obligations (cost $12,699) |
| 12,699 | ||||||
|
| |||||||
REPURCHASE AGREEMENTS—19.7% |
| |||||||
Goldman Sachs | ||||||||
Collateralized by a U.S. Government Agency Obligation, 4.00%, due 06/02/2021, with a value of $11,322. | 11,100 | 11,100 | ||||||
JPMorgan Securities, Inc. | 33,600 | 33,600 | ||||||
State Street Bank & Trust Co. | 72 | 72 | ||||||
|
| |||||||
Total Repurchase Agreements (cost $44,772) | 44,772 | |||||||
|
| |||||||
Total Investment Securities (cost 227,854) P | 227,854 | |||||||
Other Assets and Liabilities—Net | (137 | ) | ||||||
|
| |||||||
Net Assets | $ | 227,717 | ||||||
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 35 |
Transamerica Money Market
(formerly, Transamerica AEGON Money Market)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
NOTES TO SCHEDULE OF INVESTMENTS (all amounts in thousands):
p | Rate shown reflects the yield at 04/30/2012. |
P | Aggregate cost for federal income tax purposes is $227,854. |
DEFINITION (all amounts in thousands):
144A | 144A Securities are registered pursuant to Rule 144A of the Securities Act of 1933. These securities are deemed to be liquid for purposes of compliance limitations on holdings of illiquid securities and may be resold as transactions exempt from registration, normally to qualified institutional buyers. At 04/30/2012, these securities aggregated $75,716, or 33.25%, of the fund’s net assets. |
VALUATION SUMMARY (all amounts in thousands): '
Investment Securities | Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Value at 04/30/2012 | ||||||||||||
Certificates of Deposit | $ | — | $ | 17,500 | $ | — | $ | 17,500 | ||||||||
Commercial Paper | — | 152,883 | — | 152,883 | ||||||||||||
Repurchase Agreements | — | 44,772 | — | 44,772 | ||||||||||||
Short-Term U.S. Government Obligations | — | 12,699 | — | 12,699 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total | $ | — | $ | 227,854 | $ | — | $ | 227,854 | ||||||||
|
|
|
|
|
|
|
|
' | See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 36 |
Transamerica Multi-Managed Balanced
SCHEDULE OF INVESTMENTS
At April 30, 2012
(unaudited)
Principal (000’s) | Value (000’s) | |||||||
U.S. GOVERNMENT OBLIGATIONS—5.4% |
| |||||||
U.S. Treasury Bond | $ | 3,140 | $ | 3,150 | ||||
3.13%, 02/15/2042 | 742 | 744 | ||||||
4.38%, 05/15/2040 | 1,020 | 1,279 | ||||||
4.75%, 02/15/2041 | 720 | 957 | ||||||
U.S. Treasury Inflation Indexed Bond | 544 | 545 | ||||||
2.13%, 02/15/2041 | 348 | 479 | ||||||
U.S. Treasury Note | 555 | 555 | ||||||
0.38%, 04/15/2015 | 1,015 | 1,015 | ||||||
0.63%, 06/30/2012 g | 230 | 230 | ||||||
1.00%, 03/31/2017 ^ | 1,915 | 1,934 | ||||||
1.38%, 02/28/2019 ^ | 2,100 | 2,114 | ||||||
2.00%, 02/15/2022 | 6,267 | 6,314 | ||||||
|
| |||||||
Total U.S. Government Obligations (cost $18,639) |
| 19,316 | ||||||
|
| |||||||
U.S. GOVERNMENT AGENCY OBLIGATIONS—15.2% |
| |||||||
Fannie Mae | 435 | 350 | ||||||
3.50%, 11/01/2026—05/01/2042 | 4,629 | 4,832 | ||||||
4.00%, 02/01/2025—12/01/2041 | 6,197 | 6,617 | ||||||
4.50%, 05/01/2041—06/01/2041 | 8,295 | 8,930 | ||||||
5.00%, 05/01/2018—12/01/2035 | 2,101 | 2,286 | ||||||
5.50%, 07/01/2019—11/01/2038 | 5,311 | 5,860 | ||||||
6.00%, 08/01/2036—10/01/2040 | 2,131 | 2,366 | ||||||
6.50%, 05/01/2040 | 1,510 | 1,707 | ||||||
Fannie Mae, TBA | 800 | 833 | ||||||
4.00% | 953 | 1,007 | ||||||
4.50% | 3,300 | 3,539 | ||||||
5.00% | 1,400 | 1,520 | ||||||
6.00% | 2,700 | 2,982 | ||||||
Freddie Mac | 670 | 687 | ||||||
3.97%, 01/25/2021 * | 420 | 466 | ||||||
4.02%, 11/25/2044—144A * | 55 | 50 | ||||||
5.00%, 04/01/2018 | 51 | 55 | ||||||
5.50%, 09/01/2018—11/01/2018 | 62 | 67 | ||||||
Freddie Mac, IO | 853 | 73 | ||||||
Freddie Mac, TBA | 200 | 216 | ||||||
Ginnie Mae, TBA | 1,300 | 1,406 | ||||||
4.50% | 2,500 | 2,734 | ||||||
5.00% | 2,700 | 2,988 | ||||||
5.50% | 1,200 | 1,340 | ||||||
6.00% | 1,100 | 1,241 | ||||||
|
| |||||||
Total U.S. Government Agency Obligations (cost $53,401) |
| 54,152 | ||||||
|
| |||||||
FOREIGN GOVERNMENT OBLIGATIONS - 0.5% |
| |||||||
Republic of Brazil | 100 | 141 | ||||||
Republic of Poland | 80 | 94 | ||||||
Republic of South Africa | 180 | 205 |
Principal (000’s) | Value (000’s) | |||||||
FOREIGN GOVERNMENT OBLIGATIONS (continued) |
| |||||||
Republic of Turkey | $ | 145 | $ | 155 | ||||
7.00%, 03/11/2019 | 100 | 116 | ||||||
Russian Federation | 515 | 617 | ||||||
Turkey Government International Bond | 200 | 222 | ||||||
United Mexican States | 340 | 397 | ||||||
|
| |||||||
Total Foreign Government Obligations (cost $1,863) |
| 1,947 | ||||||
|
| |||||||
MORTGAGE-BACKED SECURITIES—5.6% |
| |||||||
American General Mortgage Loan Trust | 1,060 | 1,090 | ||||||
American Tower Trust | 910 | 969 | ||||||
Series 2007-1A, Class C | 1,080 | 1,140 | ||||||
Banc of America Large Loan, Inc. | 400 | 376 | ||||||
Series 2010-UB4, Class A4A | 315 | 333 | ||||||
BCAP LLC Trust | 147 | 149 | ||||||
Series 2009-RR6, Class 2A1 | 388 | 347 | ||||||
Series 2009-RR10, Class 2A1 | 558 | 540 | ||||||
Series 2009-RR13, Class 13A3 | 264 | 266 | ||||||
Series 2009-RR14, Class 1A1 | 568 | 585 | ||||||
Series 2010-RR1, Class 12A1 | 596 | 615 | ||||||
Series 2010-RR6, Class 1A5 | 279 | 282 | ||||||
Credit Suisse First Boston Mortgage Securities Corp. | 420 | 453 | ||||||
Credit Suisse Mortgage Capital Certificates | 600 | 661 | ||||||
Series 2006-C5, Class AM | 360 | 355 | ||||||
Series 2007-C4, Class A3 | 765 | 803 | ||||||
Series 2009-16R, Class 11A1 | 262 | 269 | ||||||
Series 2010-15R, Class 2A1 | 381 | 385 | ||||||
Series 2010-18R, Class 3A1 | 360 | 365 | ||||||
Series 2010-RR1, Class 2A | 585 | 651 | ||||||
DBRR Trust | 150 | 168 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 37 |
Transamerica Multi-Managed Balanced
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Principal (000’s) | Value (000’s) | |||||||
MORTGAGE-BACKED SECURITIES (continued) |
| |||||||
Extended Stay America Trust | $ | 350 | $ | 355 | ||||
Series 2010-ESHA, Class C | 100 | 102 | ||||||
Series 2010-ESHA, Class D | 195 | 197 | ||||||
GS Mortgage Securities Corp. II | 20 | 22 | ||||||
Jefferies & Co., Inc. | 349 | 349 | ||||||
Series 2009-R7, Class 1A1 | 568 | 545 | ||||||
Series 2009-R7, Class 4A1 | 554 | 519 | ||||||
Series 2009-R7, Class 10A3 | 266 | 276 | ||||||
Series 2009-R7, Class 12A1 | 299 | 295 | ||||||
Series 2009-R9, Class 1A1 | 355 | 350 | ||||||
Series 2010-R2, Class 1A1 | 520 | 537 | ||||||
Series 2010-R3, Class 1A1 | 353 | 351 | ||||||
Series 2010-R6, Class 1A1 | 226 | 228 | ||||||
JPMorgan Chase Commercial Mortgage Securities Corp. | 675 | 699 | ||||||
Series 2004-LN2, Class A2 | 300 | 320 | ||||||
Series 2008-C2, Class ASB | 210 | 225 | ||||||
Series 2010-C1, Class B | 370 | 412 | ||||||
JPMorgan Re-REMIC | 265 | 271 | ||||||
Series 2010-4, Class 7A1 | 424 | 416 | ||||||
LB-UBS Commercial Mortgage Trust | 605 | 602 | ||||||
Merrill Lynch Mortgage Trust | 225 | 241 | ||||||
Merrill Lynch/Countrywide Commercial Mortgage Trust | 720 | 790 | ||||||
Morgan Stanley Capital I | 286 | 292 | ||||||
Morgan Stanley Capital I, IO | 1,603 | 246 | ||||||
Morgan Stanley Re-REMIC Trust | 261 | 260 | ||||||
Series 2011-IO, Class A | 101 | 102 |
Principal (000’s) | Value (000’s) | |||||||
MORTGAGE-BACKED SECURITIES (continued) |
| |||||||
Wachovia Bank Commercial Mortgage Trust | $ | 230 | $ | 258 | ||||
|
| |||||||
Total Mortgage-Backed Securities (cost $19,613) |
| 20,062 | ||||||
|
| |||||||
ASSET-BACKED SECURITIES—2.3% |
| |||||||
321 Henderson Receivables I LLC | 250 | 257 | ||||||
AH Mortgage Advance Trust | 210 | 210 | ||||||
AmeriCredit Automobile Receivables Trust | 200 | 205 | ||||||
Series 2012-2, Class C | 125 | 125 | ||||||
Series 2012-2, Class D | 170 | 170 | ||||||
CarMax Auto Owner Trust | 70 | 70 | ||||||
Series 2012-1, Class C | 40 | 40 | ||||||
Series 2012-1, Class D | 50 | 50 | ||||||
DT Auto Owner Trust | 250 | 250 | ||||||
Series 2012-1A, Class C | 250 | 250 | ||||||
Series 2012-1A, Class D | 250 | 250 | ||||||
Ford Credit Floorplan Master Owner Trust | 110 | 111 | ||||||
Series 2010-5, Class D | 60 | 60 | ||||||
Series 2011-2, Class C | 140 | 140 | ||||||
Series 2011-2, Class D | 95 | 95 | ||||||
Series 2012-1, Class B | 100 | 100 | ||||||
Series 2012-1, Class C | 160 | 160 | ||||||
Series 2012-1, Class D | 145 | 145 | ||||||
Series 2012-2, Class B | 100 | 100 | ||||||
Series 2012-2, Class D | 100 | 100 | ||||||
Hyundai Auto Receivables Trust | 95 | 95 | ||||||
Nelnet Student Loan Trust | 205 | 211 | ||||||
PFS Financing Corp. | 160 | 161 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 38 |
Transamerica Multi-Managed Balanced
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Principal (000’s) | Value (000’s) | |||||||
ASSET-BACKED SECURITIES (continued) |
| |||||||
Santander Drive Auto Receivables Trust | $ | 755 | $ | 771 | ||||
Series 2011-1, Class D | 310 | 312 | ||||||
Series 2011-S1A, Class B | 509 | 508 | ||||||
Series 2011-S2A, Class C | 363 | 364 | ||||||
Series 2012-1, Class B | 80 | 81 | ||||||
Series 2012-1, Class C | 110 | 113 | ||||||
Series 2012-2, Class C | 310 | 311 | ||||||
Series 2012-2, Class D | 185 | 186 | ||||||
SLM Student Loan Trust | 288 | 277 | ||||||
Series 2005-B, Class A2 | 412 | 395 | ||||||
Series 2012-A, Class A1 | 116 | 116 | ||||||
Series 2012-A, Class A2 | 120 | 122 | ||||||
Series 2012-B, Class A2 | 400 | 402 | ||||||
TAL Advantage LLC | 1,002 | 1,031 | ||||||
|
| |||||||
Total Asset-Backed Securities (cost $8,294) |
| 8,344 | ||||||
|
| |||||||
PREFERRED CORPORATE DEBT SECURITIES—0.2% |
| |||||||
Commercial Banks—0.1% | ||||||||
Capital One Capital V | 75 | 78 | ||||||
Capital One Capital VI | 225 | 231 | ||||||
Fifth Third Capital Trust IV | 155 | 153 | ||||||
Diversified Financial Services—0.0% ¥ | ||||||||
JPMorgan Chase Capital XXV—Series Y | 90 | 90 | ||||||
Insurance—0.1% | ||||||||
MetLife Capital Trust IV | 200 | 223 | ||||||
|
| |||||||
Total Preferred Corporate Debt Securities (cost $763) |
| 775 | ||||||
|
| |||||||
CORPORATE DEBT SECURITIES—10.9% |
| |||||||
Aerospace & Defense—0.0% ¥ | ||||||||
Sequa Corp. | 100 | 106 | ||||||
Capital Markets—0.3% | ||||||||
Credit Suisse | 95 | 98 | ||||||
Goldman Sachs Group, Inc. | 705 | 736 | ||||||
Morgan Stanley | 120 | 117 | ||||||
Chemicals—0.2% | ||||||||
CF Industries, Inc. | 410 | 490 |
Principal (000’s) | Value (000’s) | |||||||
Chemicals (continued) |
| |||||||
Dow Chemical Co. | $ | 120 | $ | 125 | ||||
Commercial Banks—0.7% |
| |||||||
Bank of Scotland PLC | 200 | 219 | ||||||
Barclays Bank PLC | 100 | 91 | ||||||
CIT Group, Inc. | 125 | 136 | ||||||
Discover Bank | 420 | 488 | ||||||
HSBC Bank Brasil SA—Banco Multiplo | 610 | 619 | ||||||
HSBC Bank PLC | 300 | 311 | ||||||
HSBC Holdings PLC | 105 | 124 | ||||||
UBS AG | 275 | 277 | ||||||
Wells Fargo & Co. | 370 | 375 | ||||||
Commercial Services & Supplies—0.1% |
| |||||||
UR Financing Escrow Corp. | 290 | 307 | ||||||
Construction Materials—0.0% ¥ |
| |||||||
Lafarge SA | 65 | 63 | ||||||
Consumer Finance—0.1% | ||||||||
Capital One Financial Corp. | 290 | 313 | ||||||
Containers & Packaging—0.3% |
| |||||||
Rexam PLC | 1,121 | 1,167 | ||||||
Diversified Financial Services—1.4% |
| |||||||
Bank of America Corp. | 195 | 195 | ||||||
5.70%, 01/24/2022 | 85 | 89 | ||||||
6.50%, 08/01/2016 ^ | 95 | 104 | ||||||
7.63%, 06/01/2019 ^ | 125 | 144 | ||||||
Citigroup, Inc. | 1,270 | 1,329 | ||||||
5.00%, 09/15/2014 ^ | 120 | 124 | ||||||
Ford Motor Credit Co., LLC | 200 | 230 | ||||||
Irish Life & Permanent PLC | 990 | 949 | ||||||
JPMorgan Chase Bank NA | 985 | 1,131 | ||||||
Northern Rock Asset Management PLC | 200 | 215 | ||||||
QHP Royalty Sub LLC | 161 | 162 | ||||||
Swiss Re Capital I LP | 240 | 221 | ||||||
Woodside Finance, Ltd. | 90 | 95 | ||||||
Diversified Telecommunication Services—0.4% |
| |||||||
AT&T, Inc. | 175 | 191 | ||||||
Intelsat Jackson Holdings SA | 170 | 177 | ||||||
Level 3 Financing, Inc. | 53 | 54 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 39 |
Transamerica Multi-Managed Balanced
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Principal (000’s) | Value (000’s) | |||||||
Diversified Telecommunication Services (continued) |
| |||||||
Level 3 Financing, Inc. (continued) | $ | 410 | $ | 427 | ||||
Sprint Capital Corp. | 135 | 101 | ||||||
Verizon Communications, Inc. | 170 | 178 | ||||||
6.40%, 02/15/2038 ^ | 100 | 125 | ||||||
Electric Utilities—1.3% |
| |||||||
Alabama Power Co. | 200 | 218 | ||||||
Cleveland Electric Illuminating Co. | 117 | 132 | ||||||
8.88%, 11/15/2018 | 25 | 33 | ||||||
Duke Energy Carolinas LLC | 125 | 130 | ||||||
Energy Future Intermediate Holding Co. LLC | 500 | 552 | ||||||
Florida Power & Light Co. | 150 | 195 | ||||||
Georgia Power Co. | 365 | 390 | ||||||
Hydro Quebec | 1,900 | 2,807 | ||||||
Jersey Central Power & Light Co. | 105 | 133 | ||||||
Energy Equipment & Services—0.6% |
| |||||||
El Paso Pipeline Partners Operating Co., LLC | 255 | 293 | ||||||
Ensco PLC | 205 | 224 | ||||||
Enterprise Products Operating LLC | 240 | 277 | ||||||
Noble Holding International, Ltd. | 125 | 126 | ||||||
Transocean, Inc. | 280 | 304 | ||||||
6.38%, 12/15/2021 ^ | 535 | 626 | ||||||
6.50%, 11/15/2020 ^ | 150 | 172 | ||||||
Food & Staples Retailing—0.0% ¥ |
| |||||||
Wal-Mart Stores, Inc. | 125 | 152 | ||||||
Food Products—0.1% |
| |||||||
Kraft Foods, Inc. | 220 | 277 | ||||||
Health Care Equipment & Supplies—0.1% |
| |||||||
Boston Scientific Corp. | 433 | 484 | ||||||
Health Care Providers & Services—0.2% |
| |||||||
HCA, Inc. | 48 | 51 | ||||||
7.25%, 09/15/2020 ^ | 150 | 166 | ||||||
Tenet Healthcare Corp. | 165 | 172 | ||||||
8.88%, 07/01/2019 ^ | 205 | 230 | ||||||
UnitedHealth Group, Inc. | 55 | 57 | ||||||
Hotels, Restaurants & Leisure—0.5% |
| |||||||
Caesars Entertainment Operating Co., Inc. | 410 | 453 | ||||||
International Game Technology | 430 | 511 |
Principal (000’s) | Value (000’s) | |||||||
Hotels, Restaurants & Leisure (continued) |
| |||||||
MGM Resorts International | $ | 150 | $ | 171 | ||||
11.13%, 11/15/2017 ^ | 400 | 453 | ||||||
Wyndham Worldwide Corp. | 240 | 241 | ||||||
Household Products—0.1% | ||||||||
Reynolds Group Issuer, Inc. | 390 | 402 | ||||||
7.88%, 08/15/2019—144A ^ | 100 | 108 | ||||||
Independent Power Producers & Energy Traders—0.0%¥ |
| |||||||
Constellation Energy Group, Inc. | 50 | 66 | ||||||
Insurance—0.6% | ||||||||
Allianz Finance II BV | EUR | 100 | 124 | |||||
American International Group, Inc. | $ | 296 | 305 | |||||
5.45%, 05/18/2017 ^ | 165 | 179 | ||||||
8.18%, 05/15/2058 * ^ | 25 | 27 | ||||||
AXA SA | EUR | 100 | 108 | |||||
Fairfax Financial Holdings, Ltd. | $ | 106 | 103 | |||||
Hartford Financial Services Group, Inc. | 130 | 139 | ||||||
Lincoln National Corp. | 115 | 136 | ||||||
Muenchener Rueckversicherungs AG | EUR | 100 | 132 | |||||
Prudential Financial, Inc. | $ | 560 | 607 | |||||
5.38%, 06/21/2020 ^ | 210 | 236 | ||||||
XL Group PLC | 200 | 167 | ||||||
Machinery—0.0% ¥ | ||||||||
Joy Global, Inc. | 75 | 83 | ||||||
Media—0.6% | ||||||||
CBS Corp. | 70 | 77 | ||||||
8.88%, 05/15/2019 ^ | 220 | 294 | ||||||
CCH II LLC | 100 | 113 | ||||||
Clear Channel Worldwide Holdings, Inc. — Series B | 240 | 263 | ||||||
COX Communications, Inc. | 200 | 287 | ||||||
CSC Holdings LLC | 102 | 112 | ||||||
DIRECTV Holdings LLC / DIRECTV Financing Co., Inc. | 75 | 73 | ||||||
6.38%, 03/01/2041 | 165 | 185 | ||||||
NBCUniversal Media LLC | 175 | 191 | ||||||
5.15%, 04/30/2020 | 175 | 201 | ||||||
Time Warner Cable, Inc. | 180 | 190 | ||||||
5.88%, 11/15/2040 ^ | 200 | 221 | ||||||
Time Warner, Inc. | 100 | 114 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 40 |
Transamerica Multi-Managed Balanced
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Principal (000’s) | Value (000’s) | |||||||
Metals & Mining—0.1% |
| |||||||
Freeport-McMoRan Copper & Gold, Inc. | $ | 60 | $ | 59 | ||||
Newcrest Finance Pty, Ltd. | 125 | 129 | ||||||
Multiline Retail—0.2% |
| |||||||
Macy’s Retail Holdings, Inc. | 335 | 385 | ||||||
7.45%, 07/15/2017 ^ | 225 | 275 | ||||||
Multi-Utilities—0.1% |
| |||||||
Dominion Resources, Inc. | 235 | 239 | ||||||
Oil, Gas & Consumable Fuels—1.6% |
| |||||||
Anadarko Petroleum Corp. | 512 | 591 | ||||||
6.38%, 09/15/2017 | 258 | 307 | ||||||
CONSOL Energy, Inc. | 410 | 433 | ||||||
Enterprise Products Operating LLC | 175 | 210 | ||||||
Gazprom OAO Via GAZ Capital SA | 880 | 975 | ||||||
KeySpan Gas East Corp. | 160 | 195 | ||||||
Kinder Morgan Energy Partners, LP | 500 | 582 | ||||||
6.55%, 09/15/2040 | 50 | 57 | ||||||
Laredo Petroleum, Inc. | 180 | 186 | ||||||
Linn Energy LLC/Linn Energy Finance Corp. | 240 | 236 | ||||||
Marathon Petroleum Corp. | 325 | 357 | ||||||
MEG Energy Corp. | 150 | 158 | ||||||
Nexen, Inc. | 295 | 361 | ||||||
Peabody Energy Corp. | 135 | 137 | ||||||
Plains Exploration & Production Co. | 40 | 44 | ||||||
Range Resources Corp. | 40 | 42 | ||||||
7.25%, 05/01/2018 ^ | 300 | 318 | ||||||
Western Gas Partners, LP | 315 | 344 | ||||||
Paper & Forest Products—0.1% |
| |||||||
International Paper Co. | 140 | 149 | ||||||
6.00%, 11/15/2041 | 155 | 168 | ||||||
7.50%, 08/15/2021 ^ | 25 | 32 | ||||||
Pharmaceuticals—0.1% |
| |||||||
Teva Pharmaceutical Finance Co., BV | 70 | 73 | ||||||
Teva Pharmaceutical Finance IV BV | 170 | 176 | ||||||
Real Estate Investment Trusts—0.2% |
| |||||||
ERP Operating, LP | 175 | 187 | ||||||
Ventas Realty, LP | 120 | 124 | ||||||
Vornado Realty, LP | 410 | 430 |
Principal (000’s) | Value (000’s) | |||||||
Real Estate Investment Trusts (continued) |
| |||||||
WEA Finance LLC | $ | 135 | $ | 140 | ||||
Real Estate Management & Development—0.1% |
| |||||||
Realogy Corp. | 270 | 265 | ||||||
Road & Rail—0.1% | ||||||||
Burlington Northern Santa Fe LLC | 350 | 408 | ||||||
Software—0.1% | ||||||||
First Data Corp. | 30 | 30 | ||||||
Oracle Corp. | 150 | 177 | ||||||
Specialty Retail—0.0% ¥ | ||||||||
QVC, Inc. | 145 | 160 | ||||||
Wireless Telecommunication Services—0.6% |
| |||||||
America Movil SAB de CV | 300 | 306 | ||||||
Cricket Communications, Inc. | 160 | 168 | ||||||
Crown Castle Towers LLC | 545 | 623 | ||||||
MetroPCS Wireless, Inc. | 12 | 12 | ||||||
SBA Tower Trust | 650 | 708 | ||||||
Sprint Nextel Corp. | 220 | 242 | ||||||
|
| |||||||
Total Corporate Debt Securities (cost $37,511) |
| 38,874 | ||||||
|
|
Shares | Value (000’s) | |||||||
PREFERRED STOCK—0.0% ¥ | ||||||||
Diversified Financial Services—0.0% ¥ | ||||||||
Citigroup Capital XIII, 7.88% * ^ | 5,463 | 145 | ||||||
Total Preferred Stock (cost $144) | ||||||||
COMMON STOCKS—60.7% | ||||||||
Aerospace & Defense—1.1% | ||||||||
General Dynamics Corp. | 2,931 | 198 | ||||||
Honeywell International, Inc. ^ | 9,667 | 586 | ||||||
United Technologies Corp. | 40,349 | 3,294 | ||||||
Air Freight & Logistics—0.4% | ||||||||
FedEx Corp. ^ | 2,830 | 250 | ||||||
United Parcel Service, Inc.—Class B ^ | 16,359 | 1,278 | ||||||
Auto Components—0.3% | ||||||||
Johnson Controls, Inc. ^ | 21,251 | 680 | ||||||
TRW Automotive Holdings Corp. ‡ | 7,250 | 331 | ||||||
Automobiles—0.3% | ||||||||
General Motors Co. ‡^ | 43,047 | 990 | ||||||
Beverages—1.6% | ||||||||
Coca-Cola Co. | 53,284 | 4,067 | ||||||
Coca-Cola Enterprises, Inc. | 12,582 | 379 | ||||||
Constellation Brands, Inc.—Class A ‡^ | 4,743 | 102 | ||||||
Dr. Pepper Snapple Group, Inc. ^ | 12,146 | 493 | ||||||
PepsiCo, Inc. | 10,098 | 666 | ||||||
Biotechnology—1.3% | ||||||||
Alexion Pharmaceuticals, Inc. ‡ | 2,753 | 249 | ||||||
Biogen Idec, Inc. ‡ | 12,472 | 1,671 | ||||||
Celgene Corp. ‡ | 26,165 | 1,908 | ||||||
Gilead Sciences, Inc. ‡^ | 12,890 | 670 | ||||||
Onyx Pharmaceuticals, Inc. ‡^ | 1,469 | 67 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 41 |
Transamerica Multi-Managed Balanced
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Shares | Value (000’s) | |||||||
Biotechnology (continued) | ||||||||
Vertex Pharmaceuticals, Inc. ‡ | 6,701 | $ | 258 | |||||
Building Products—0.1% | ||||||||
Masco Corp. ^ | 23,752 | 313 | ||||||
Capital Markets—1.2% | ||||||||
Ameriprise Financial, Inc. | 5,883 | 319 | ||||||
Goldman Sachs Group, Inc. | 9,258 | 1,066 | ||||||
Invesco, Ltd. | 41,542 | 1,032 | ||||||
Morgan Stanley ^ | 19,089 | 330 | ||||||
State Street Corp. | 30,274 | 1,399 | ||||||
TD Ameritrade Holding Corp. ^ | 11,872 | 223 | ||||||
Chemicals—1.3% | ||||||||
Air Products & Chemicals, Inc. ^ | 16,885 | 1,443 | ||||||
Dow Chemical Co. ^ | 16,226 | 550 | ||||||
E.I. du Pont de Nemours & Co. ^ | 51,150 | 2,735 | ||||||
Commercial Banks—1.6% | ||||||||
Comerica, Inc. ^ | 6,852 | 219 | ||||||
Huntington Bancshares, Inc. ^ | 35,230 | 236 | ||||||
KeyCorp | 32,646 | 262 | ||||||
SunTrust Banks, Inc. | 21,115 | 513 | ||||||
Wells Fargo & Co. | 138,040 | 4,615 | ||||||
Communications Equipment—1.2% |
| |||||||
Cisco Systems, Inc. | 118,912 | 2,396 | ||||||
Juniper Networks, Inc. ‡^ | 8,745 | 187 | ||||||
QUALCOMM, Inc. | 27,255 | 1,740 | ||||||
Computers & Peripherals—3.8% | ||||||||
Apple, Inc. ‡ | 18,733 | 10,945 | ||||||
EMC Corp. ‡ | 4,159 | 117 | ||||||
Hewlett-Packard Co. | 42,311 | 1,048 | ||||||
NetApp, Inc. ‡^ | 20,906 | 812 | ||||||
SanDisk Corp. ‡ | 12,960 | 480 | ||||||
Construction & Engineering—0.5% |
| |||||||
Fluor Corp. | 31,562 | 1,823 | ||||||
Consumer Finance—1.0% | ||||||||
American Express Co. | 29,155 | 1,755 | ||||||
Capital One Financial Corp. ^ | 33,486 | 1,858 | ||||||
Discover Financial Services | 2,777 | 94 | ||||||
Containers & Packaging—0.2% |
| |||||||
Crown Holdings, Inc. ‡^ | 5,612 | 208 | ||||||
Sealed Air Corp. ^ | 17,784 | 341 | ||||||
Diversified Consumer Services—0.0% ¥ |
| |||||||
H&R Block, Inc. ^ | 5,030 | 74 | ||||||
Diversified Financial Services—1.7% |
| |||||||
Bank of America Corp. | 248,723 | 2,017 | ||||||
Citigroup, Inc. | 82,407 | 2,723 | ||||||
CME Group, Inc.—Class A | 1,852 | 492 | ||||||
IntercontinentalExchange, Inc. ‡ | 5,178 | 689 | ||||||
NYSE Euronext | 4,461 | 115 | ||||||
Diversified Telecommunication Services—1.4% |
| |||||||
AT&T, Inc. | 48,477 | 1,595 | ||||||
Verizon Communications, Inc. | 85,139 | 3,438 | ||||||
Electric Utilities—0.8% | ||||||||
FirstEnergy Corp. ^ | 13,250 | 620 | ||||||
NextEra Energy, Inc. ^ | 21,065 | 1,356 | ||||||
NV Energy, Inc. ^ | 46,253 | 770 | ||||||
PPL Corp. ^ | 9,905 | 271 | ||||||
Electrical Equipment—0.6% | ||||||||
Emerson Electric Co. ^ | 43,744 | 2,298 | ||||||
Energy Equipment & Services—1.4% |
| |||||||
Baker Hughes, Inc. ^ | 26,780 | 1,181 | ||||||
Halliburton Co. | 19,645 | 672 | ||||||
Nabors Industries, Ltd. ‡ | 10,720 | 178 | ||||||
National Oilwell Varco, Inc. | 15,992 | 1,212 | ||||||
Schlumberger, Ltd. | 20,717 | 1,536 | ||||||
Weatherford International, Ltd. ‡^ | 13,304 | 190 | ||||||
Food & Staples Retailing—1.0% |
| |||||||
CVS Caremark Corp. | 38,446 | 1,715 | ||||||
Kroger Co. | 10,838 | 252 |
Shares | Value (000’s) | |||||||
Food & Staples Retailing (continued) |
| |||||||
Walgreen Co. ^ | 13,549 | $ | 475 | |||||
Wal-Mart Stores, Inc. | 17,750 | 1,046 | ||||||
Food Products—1.2% | ||||||||
Archer-Daniels-Midland Co. | 22,011 | 679 | ||||||
Campbell Soup Co. ^ | 9,520 | 322 | ||||||
General Mills, Inc. | 16,281 | 633 | ||||||
Kellogg Co. ^ | 3,560 | 180 | ||||||
Kraft Foods, Inc.—Class A | 38,943 | 1,553 | ||||||
Ralcorp Holdings, Inc. ‡ | 7,119 | 518 | ||||||
Tyson Foods, Inc.—Class A | 14,473 | 264 | ||||||
Gas Utilities—0.4% | ||||||||
AGL Resources, Inc. ^ | 16,656 | 657 | ||||||
Atmos Energy Corp. | 6,854 | 223 | ||||||
EQT Corp. | 12,789 | 637 | ||||||
Health Care Equipment & Supplies—0.9% |
| |||||||
Becton Dickinson and Co. ^ | 4,603 | 361 | ||||||
CareFusion Corp. ‡^ | 28,862 | 748 | ||||||
Covidien PLC | 40,835 | 2,255 | ||||||
Health Care Providers & Services—1.0% | ||||||||
AMERIGROUP Corp. ‡ | 1,560 | 96 | ||||||
CIGNA Corp. | 9,278 | 429 | ||||||
Humana, Inc. | 11,020 | 889 | ||||||
McKesson Corp. ^ | 4,174 | 382 | ||||||
UnitedHealth Group, Inc. | 33,652 | 1,889 | ||||||
Hotels, Restaurants & Leisure—0.6% |
| |||||||
Carnival Corp. ^ | 35,034 | 1,138 | ||||||
McDonald’s Corp. | 4,496 | 438 | ||||||
Yum! Brands, Inc. | 9,209 | 670 | ||||||
Household Durables—0.3% | ||||||||
D.R. Horton, Inc. ^ | 24,843 | 407 | ||||||
NVR, Inc. ‡^ | 257 | 201 | ||||||
PulteGroup, Inc. ‡^ | 30,996 | 305 | ||||||
Ryland Group, Inc. ^ | 6,667 | 150 | ||||||
Toll Brothers, Inc. ‡^ | 7,142 | 181 | ||||||
Household Products—1.4% | ||||||||
Clorox Co. ^ | 2,210 | 155 | ||||||
Energizer Holdings, Inc. ‡ | 1,440 | 103 | ||||||
Kimberly-Clark Corp. ^ | 5,521 | 433 | ||||||
Procter & Gamble Co. | 69,425 | 4,418 | ||||||
Independent Power Producers & Energy Traders—0.0% ¥ |
| |||||||
AES Corp. ‡ | 10,990 | 138 | ||||||
Industrial Conglomerates—1.4% | ||||||||
3M Co. | 10,953 | 979 | ||||||
General Electric Co. | 129,877 | 2,543 | ||||||
Tyco International, Ltd. | 27,063 | 1,519 | ||||||
Insurance—1.6% | ||||||||
ACE, Ltd. | 16,407 | 1,246 | ||||||
Allstate Corp. ^ | 13,294 | 443 | ||||||
Axis Capital Holdings, Ltd. | 3,008 | 102 | ||||||
Berkshire Hathaway, Inc.—Class B ‡ | 8,703 | 700 | ||||||
Everest RE Group, Ltd. | 5,724 | 567 | ||||||
MetLife, Inc. | 47,610 | 1,716 | ||||||
PartnerRe, Ltd. ^ | 1,409 | 98 | ||||||
Prudential Financial, Inc. | 15,619 | 946 | ||||||
Internet & Catalog Retail—0.8% |
| |||||||
Amazon.com, Inc. ‡ | 9,518 | 2,207 | ||||||
Expedia, Inc. ^ | 13,978 | 596 | ||||||
Internet Software & Services—0.7% | 19,475 | 799 | ||||||
eBay, Inc. ‡ | ||||||||
Google, Inc.—Class A ‡ | 2,992 | 1,811 | ||||||
IT Services—1.7% | ||||||||
Accenture PLC—Class A ^ | 23,687 | 1,538 | ||||||
Cognizant Technology Solutions Corp.—‡ | 10,986 | 805 | ||||||
Fidelity National Information Services, Inc. | 4,180 | 141 | ||||||
Genpact, Ltd. ‡ | 25,149 | 419 | ||||||
International Business Machines Corp. | 9,140 | 1,894 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 42 |
Transamerica Multi-Managed Balanced
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Shares | Value (000’s) | |||||||
IT Services (continued) | ||||||||
Mastercard, Inc.—Class A | 2,853 | $ | 1,290 | |||||
Leisure Equipment & Products—0.0% ¥ |
| |||||||
Brunswick Corp. | 4,305 | 113 | ||||||
Life Sciences Tools & Services—0.1% |
| |||||||
PerkinElmer, Inc. | 6,894 | 190 | ||||||
Machinery—0.9% | ||||||||
Cummins, Inc. ^ | 3,261 | 378 | ||||||
Kennametal, Inc. ^ | 8,164 | 345 | ||||||
PACCAR, Inc. ^ | 29,813 | 1,280 | ||||||
Parker Hannifin Corp. ^ | 3,696 | 324 | ||||||
SPX Corp. | 9,844 | 756 | ||||||
Media—2.5% | ||||||||
CBS Corp.—Class B ^ | 76,122 | 2,539 | ||||||
Comcast Corp.—Class A | 88,659 | 2,689 | ||||||
DIRECTV—Class A ‡ | 11,521 | 568 | ||||||
DISH Network Corp.—Class A | 6,950 | 222 | ||||||
Time Warner, Inc. ^ | 59,178 | 2,217 | ||||||
Walt Disney Co. | 15,040 | 648 | ||||||
Metals & Mining—0.5% | ||||||||
Alcoa, Inc. ^ | 60,849 | 591 | ||||||
Freeport-McMoRan Copper & Gold, Inc. | 9,806 | 376 | ||||||
U.S. Steel Corp. ^ | 15,303 | 434 | ||||||
Walter Energy, Inc. ^ | 4,869 | 323 | ||||||
Multiline Retail—0.7% | ||||||||
Kohl’s Corp. ^ | 7,223 | 362 | ||||||
Macy’s, Inc. | 20,792 | 853 | ||||||
Target Corp. | 24,983 | 1,447 | ||||||
Multi-Utilities—0.8% | ||||||||
OGE Energy Corp. | 732 | 39 | ||||||
PG&E Corp. ^ | 42,524 | 1,880 | ||||||
Sempra Energy ^ | 14,293 | 925 | ||||||
Oil, Gas & Consumable Fuels—5.5% |
| |||||||
Anadarko Petroleum Corp. | 6,669 | 488 | ||||||
Apache Corp. | 8,785 | 843 | ||||||
Chevron Corp. | 39,251 | 4,184 | ||||||
ConocoPhillips | 16,561 | 1,186 | ||||||
EOG Resources, Inc. | 4,570 | 502 | ||||||
Exxon Mobil Corp. | 67,944 | 5,867 | ||||||
Occidental Petroleum Corp. | 13,774 | 1,256 | ||||||
Peabody Energy Corp. | 21,832 | 679 | ||||||
Pioneer Natural Resources Co. ^ | 5,138 | 595 | ||||||
Range Resources Corp. ^ | 20,778 | 1,385 | ||||||
Valero Energy Corp. | 16,840 | 416 | ||||||
Williams Cos., Inc. | 52,124 | 1,774 | ||||||
Pharmaceuticals—3.3% | ||||||||
Abbott Laboratories ^ | 13,360 | 829 | ||||||
Allergan, Inc. | 14,390 | 1,381 | ||||||
Johnson & Johnson | 14,268 | 929 | ||||||
Merck & Co., Inc. | 99,803 | 3,917 | ||||||
Mylan, Inc. ‡ | 50,576 | 1,098 | ||||||
Pfizer, Inc. | 147,986 | 3,394 | ||||||
Real Estate Investment Trusts—1.2% |
| |||||||
Alexandria Real Estate Equities, Inc. ^ | 8,403 | 630 | ||||||
Cousins Properties, Inc. ^ | 13,502 | 106 | ||||||
Duke Realty Corp. ^ | 12,189 | 181 | ||||||
Equity Lifestyle Properties, Inc.—Class A ^ | 5,924 | 414 | ||||||
Highwoods Properties, Inc. ^ | 5,817 | 202 | ||||||
Home Properties, Inc. ^ | 3,530 | 216 | ||||||
LaSalle Hotel Properties | 11,560 | 340 | ||||||
Mack-Cali Realty Corp. | 9,897 | 284 | ||||||
Pebblebrook Hotel Trust ^ | 4,954 | 119 | ||||||
Post Properties, Inc. ^ | 4,734 | 231 | ||||||
ProLogis, Inc. ^ | 7,820 | 280 | ||||||
Senior Housing Properties Trust ^ | 6,074 | 134 | ||||||
SL Green Realty Corp. ^ | 2,790 | 230 | ||||||
Vornado Realty Trust | 5,446 | 467 | ||||||
Weyerhaeuser Co. | 18,867 | 384 |
Shares | Value (000’s) | |||||||
Real Estate Management & Development—0.1% |
| |||||||
Howard Hughes Corp. ‡ | 3,070 | $ | 206 | |||||
Road & Rail—1.8% | ||||||||
CSX Corp. ^ | 95,220 | 2,124 | ||||||
Road & Rail (continued) | ||||||||
Norfolk Southern Corp. | 16,632 | 1,213 | ||||||
Union Pacific Corp. ^ | 27,717 | 3,117 | ||||||
Semiconductors & Semiconductor Equipment—1.3% |
| |||||||
Altera Corp. | 25,196 | 896 | ||||||
Intel Corp. | 8,837 | 251 | ||||||
LAM Research Corp. ‡^ | 23,050 | 960 | ||||||
Marvell Technology Group, Ltd. ‡ | 13,798 | 207 | ||||||
ON Semiconductor | 26,015 | 215 | ||||||
Texas Instruments, Inc. ^ | 29,194 | 932 | ||||||
Xilinx, Inc. ^ | 32,243 | 1,174 | ||||||
Software—3.1% | ||||||||
Adobe Systems, Inc. ‡^ | 18,264 | 613 | ||||||
Citrix Systems, Inc. ‡ | 5,203 | 445 | ||||||
Microsoft Corp. | 168,096 | 5,382 | ||||||
Oracle Corp. | 140,405 | 4,127 | ||||||
Specialty Retail—1.9% | ||||||||
AutoZone, Inc. ‡^ | 2,900 | 1,149 | ||||||
Home Depot, Inc. ^ | 46,988 | 2,434 | ||||||
Lowe’s Cos., Inc. | 57,147 | 1,798 | ||||||
TJX Cos., Inc. ^ | 30,117 | 1,256 | ||||||
Textiles, Apparel & Luxury Goods—0.9% |
| |||||||
NIKE, Inc.—Class B ^ | 13,526 | 1,513 | ||||||
V.F. Corp. ^ | 11,364 | 1,728 | ||||||
Tobacco—1.2% | ||||||||
Altria Group, Inc. | 26,270 | 846 | ||||||
Lorillard, Inc. | 2,230 | 302 | ||||||
Philip Morris International, Inc. | 34,438 | 3,082 | ||||||
Wireless Telecommunication Services—0.1% |
| |||||||
Crown Castle International Corp. ‡ | 4,806 | 272 | ||||||
|
| |||||||
Total Common Stocks (cost $185,039) | 216,604 | |||||||
|
| |||||||
INVESTMENT COMPANY—3.8% |
| |||||||
Capital Markets—3.8% | ||||||||
BlackRock Provident TempFund 24 | 13,749,122 | 13,749 | ||||||
Total Investment Company (cost $13,749) |
Notional | ||||||||
Amount | Value | |||||||
(000’s) | (000’s) | |||||||
PURCHASED OPTIONS—0.0% ¥ |
| |||||||
Put Options—0.0% ¥ | ||||||||
Eurodollar, Mid-Curve 1-Year Future | $ | 100 | u | |||||
Eurodollar, Mid-Curve 3-Year Future | 100 | 1 | ||||||
|
| |||||||
Total Purchased Options (cost $7) | 1 | |||||||
|
|
Value | ||||||||
Shares | (000’s) | |||||||
SECURITIES LENDING COLLATERAL—18.3% |
| |||||||
State Street Navigator Securities Lending Trust—Prime Portfolio, 0.29% p | 65,544,5530 | 65,545 | ||||||
Total Securities Lending Collateral (cost $65,545) |
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 43 |
Transamerica Multi-Managed Balanced
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Principal (000’s) | Value (000’s) | |||||||
REPURCHASE AGREEMENT—0.7% |
| |||||||
State Street Bank & Trust Co. | $ | 2,508 | 2,508 | |||||
Total Repurchase Agreement (cost $2,508) | ||||||||
|
| |||||||
Total Investment Securities (cost $407,076) P | $ | 442,022 | ||||||
Other Assets and Liabilities—Net | (84,522 | ) | ||||||
|
| |||||||
Net Assets | $ | 357,500 | ||||||
|
|
Notional Amount (000’s) | Value (000’s) | |||||||
WRITTEN OPTIONS—0.0% ¥ | ||||||||
Put Options—0.0% ¥ | ||||||||
Eurodollar, Mid-Curve 1-Year Future | $ | (100 | ) | $ | (u | ) | ||
Eurodollar, Mid-Curve 3-Year Future ə Put Strike $97.75 Expires 05/11/2012 | (100 | ) | (1 | ) | ||||
|
| |||||||
Total Written Options (premiums: $(4)) | (1 | ) | ||||||
|
|
Principal (000’s) | Value (000’s) | |||||||
SECURITIES SOLD SHORT—(4.5%) |
| |||||||
U.S. Government Agency Obligations—(4.5%) |
| |||||||
Fannie Mae, TBA | ||||||||
3.50% | $ | (2,200 | ) | $ | (2,284 | ) | ||
4.00% | (3,553 | ) | (3,765 | ) | ||||
4.50% | (4,100 | ) | (4,390 | ) | ||||
5.50% | (5,200 | ) | (5,683 | ) | ||||
|
| |||||||
Total Securities Sold Short | (16,122 | ) | ||||||
|
|
FORWARD FOREIGN CURRENCY CONTRACTS: | ||||||||||||||||||||
Currency | Counterparty | Contracts Bought (Sold) (000’s) | Settlement Date | Amount in U.S. Dollars Bought (Sold) (000’s) | Net Unrealized (Depreciation) (000’s) | |||||||||||||||
Euro | JPM | (271 | ) | 07/25/2012 | $ | (358 | ) | $ | (1 | ) |
FUTURES CONTRACTS: Б | ||||||||||||||||
Description | Type | Contracts | Expiration Date | Net Unrealized Appreciation (Depreciation) (000’s) | ||||||||||||
10-Year U.S. Treasury Note | Short | (4 | ) | 06/20/2012 | $ | (u | ) | |||||||||
2-Year U.S. Treasury Note | Long | 48 | 06/29/2012 | 10 | ||||||||||||
30-Year U.S. Treasury Bond | Long | 15 | 06/20/2012 | 13 | ||||||||||||
5-Year U.S. Treasury Note | Long | 51 | 06/29/2012 | 2 | ||||||||||||
90-Day Eurodollar | Long | 156 | 06/17/2013 | 19 | ||||||||||||
90-Day Eurodollar | Short | (156 | ) | 06/16/2014 | (38 | ) | ||||||||||
90-Day Eurodollar | Short | (7 | ) | 12/15/2014 | (1 | ) | ||||||||||
90-Day Eurodollar | Short | (35 | ) | 03/16/2015 | (15 | ) | ||||||||||
90-Day Eurodollar | Short | (35 | ) | 06/15/2015 | (15 | ) | ||||||||||
90-Day Eurodollar | Short | (35 | ) | 09/14/2015 | (16 | ) | ||||||||||
90-Day Eurodollar | Short | (28 | ) | 12/14/2015 | (14 | ) | ||||||||||
S&P 500 E-Mini Index | Long | 40 | 06/15/2012 | 22 | ||||||||||||
Ultra Long U.S. Treasury Bond | Short | (9 | ) | 06/20/2012 | (44 | ) | ||||||||||
|
| |||||||||||||||
$ | (77 | ) | ||||||||||||||
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 44 |
Transamerica Multi-Managed Balanced
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Collateral (Received) Pledged for OTC Financial Derivative Instruments
The following is a summary by counterparty of the market value of OTC financial derivative instruments and collateral (received)/pledged as of 04/30/2012:
Counterparty | Total Market Value of OTC Derivatives (000’s) | Collateral (Received)/Pledged (000’s) | Net Exposures (1) (000’s) | |||||||||
JPM | $ | (1 | ) | $ | — | $ | (1 | ) |
(1) | Net exposure represents the net receivable/(payable) that would be due from/to the counterparty in the event of default. |
NOTES TO SCHEDULE OF INVESTMENTS (all amounts in thousands):
^ | All or a portion of this security is on loan. The value of all securities on loan is $64,113. |
p | Rate shown reflects the yield at 04/30/2012. |
* | Floating or variable rate note. Rate is listed as of 04/30/2012. |
ə | Security fair valued as determined in good faith in accordance with procedures established by the Board of Trustees. Total aggregate market value of fair valued securities is $72, or 0.02% of the fund’s net assets. |
¥ | Percentage rounds to less than 0.1%. |
Ž | The security has a perpetual maturity. The date shown is the next call date. |
‡ | Non-income producing security. |
P | Aggregate cost for federal income tax purposes is $407,076 Aggregate gross unrealized appreciation/depreciation for all securities in which there is an excess of value over tax cost were $37,539 and $2,593, respectively. Net unrealized appreciation for tax purposes is $34,946. |
g | A portion of these securities in the amount of $384 has been segregated as collateral with the broker to cover margin requirements for open futures contracts. |
Б | Cash in the amount of $73 has been segregated as collateral with the broker to cover margin requirements for open futures contracts. |
u | Amount is less than 1. |
DEFINITIONS (all amounts in thousands):
144A | 144A Securities are registered pursuant to Rule 144A of the Securities Act of 1933. These securities are deemed to be liquid for purposes of compliance limitations on holdings of illiquid securities and may be resold as transactions exempt from registration, normally to qualified institutional buyers. At 04/30/2012, these securities aggregated $30,174, or 8.44%, of the fund’s net assets. |
IO | Interest Only |
JPM | JPMorgan Chase & Co. |
REMIC | Real Estate Mortgage Investment Conduits (consist of a fixed pool of mortgages broken apart and marketed to investors as individual securities) |
TBA | To Be Announced |
CURRENCY ABBREVIATION:
EUR | Euro |
VALUATION SUMMARY (all amounts in thousands): '
Investment Securities | Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Value at 04/30/2012 | ||||||||||||
Asset-Backed Securities | $ | — | $ | 8,344 | $ | — | $ | 8,344 | ||||||||
Common Stocks | 216,604 | — | — | 216,604 | ||||||||||||
Corporate Debt Securities | — | 38,874 | — | 38,874 | ||||||||||||
Foreign Government Obligations | — | 1,947 | — | 1,947 | ||||||||||||
Investment Company | 13,749 | — | — | 13,749 | ||||||||||||
Mortgage-Backed Securities | — | 20,062 | — | 20,062 | ||||||||||||
Preferred Corporate Debt Securities | — | 775 | — | 775 | ||||||||||||
Preferred Stock | 145 | — | — | 145 | ||||||||||||
Purchased Options | 1 | — | — | 1 | ||||||||||||
Repurchase Agreement | — | 2,508 | — | 2,508 | ||||||||||||
Securities Lending Collateral | 65,545 | — | — | 65,545 | ||||||||||||
U.S. Government Agency Obligations | — | 54,152 | — | 54,152 | ||||||||||||
U.S. Government Obligations | — | 19,316 | — | 19,316 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total | $ | 296,044 | $ | 145,978 | $ | — | $ | 442,022 | ||||||||
|
|
|
|
|
|
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 45 |
Transamerica Multi-Managed Balanced
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
VALUATION SUMMARY (all amounts in thousands) (continued): '
XXXXX | XXXXX | XXXXX | XXXXX | |||||||||||||
Securities Sold Short | Level 1 — Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Value at 04/30/2012 | ||||||||||||
U.S. Government Agency Obligations | $ | — | $ | (16,122 | ) | $ | — | $ | (16,122 | ) | ||||||
Other Financial Instruments | Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Value at 04/30/2012 | ||||||||||||
Written Options | $ | — | $ | (1 | ) | $ | — | $ | (1 | ) | ||||||
Other Financial Instruments ₣ | Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Value at 04/30/2012 | ||||||||||||
Futures Contracts—Appreciation | $ | 66 | $ | — | $ | — | $ | 66 | ||||||||
Futures Contracts—Depreciation | (143 | ) | — | — | (143 | ) | ||||||||||
Forward Foreign Currency Contracts—Depreciation | — | (1 | ) | — | (1 | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Total | $ | (77 | ) | $ | (1 | ) | $ | — | $ | (78 | ) | |||||
|
|
|
|
|
|
|
|
' | See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
₣ | Other financial instruments are derivative instruments that are valued at unrealized appreciation (depreciation) on the instrument. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 46 |
Transamerica Quality Value
(formerly Transamerica WMC Quality Value)
SCHEDULE OF INVESTMENTS
At April 30, 2012
(unaudited)
Shares | Value (000’s) | |||||||
COMMON STOCKS—98.8% | ||||||||
Aerospace & Defense—2.4% | ||||||||
General Dynamics Corp. | 325,710 | $ | 21,985 | |||||
Honeywell International, Inc. | 307,350 | 18,644 | ||||||
Air Freight & Logistics—1.1% | ||||||||
United Parcel Service, Inc.—Class B | 246,660 | 19,274 | ||||||
Auto Components—0.5% | ||||||||
Johnson Controls, Inc. | 242,990 | 7,768 | ||||||
Beverages—1.4% | ||||||||
PepsiCo, Inc. | 365,765 | 24,140 | ||||||
Capital Markets—4.5% | ||||||||
Ameriprise Financial, Inc. | 423,030 | 22,933 | ||||||
BlackRock, Inc.—Class A | 78,345 | 15,009 | ||||||
Goldman Sachs Group, Inc. | 180,430 | 20,777 | ||||||
Invesco, Ltd. | 658,910 | 16,367 | ||||||
Chemicals—1.6% | ||||||||
Agrium, Inc. | 97,335 | 8,556 | ||||||
Dow Chemical Co. | 543,700 | 18,420 | ||||||
Commercial Banks—8.9% | ||||||||
BB&T Corp. | 793,050 | 25,409 | ||||||
M&T Bank Corp. ^ | 200,340 | 17,283 | ||||||
PNC Financial Services Group, Inc. | 354,900 | 23,537 | ||||||
U.S. Bancorp | 783,920 | 25,219 | ||||||
Wells Fargo & Co. | 1,718,450 | 57,448 | ||||||
Commercial Services & Supplies—1.5% |
| |||||||
Avery Dennison Corp. ^ | 325,760 | 10,418 | ||||||
Waste Management, Inc. ^ | 409,420 | 14,002 | ||||||
Communications Equipment—1.9% | ||||||||
Cisco Systems, Inc. | 912,130 | 18,380 | ||||||
QUALCOMM, Inc. | 203,980 | 13,022 | ||||||
Containers & Packaging—0.5% | ||||||||
Owens-Illinois, Inc. ‡^ | 330,090 | 7,675 | ||||||
Diversified Financial Services—4.4% |
| |||||||
Bank of America Corp. | 1,793,990 | 14,549 | ||||||
JPMorgan Chase & Co. | 1,187,440 | 51,037 | ||||||
NYSE Euronext | 351,940 | 9,062 | ||||||
Diversified Telecommunication Services—3.1% |
| |||||||
AT&T, Inc. | 1,561,230 | 51,380 | ||||||
Electric Utilities—2.7% | ||||||||
Exelon Corp. | 542,950 | 21,180 | ||||||
Northeast Utilities | 659,860 | 24,264 | ||||||
Electrical Equipment—1.0% | ||||||||
Cooper Industries PLC—Class A | 266,240 | 16,659 | ||||||
Energy Equipment & Services—1.6% | ||||||||
Baker Hughes, Inc. | 389,905 | 17,198 | ||||||
Noble Corp. ‡ | 266,750 | 10,153 | ||||||
Food & Staples Retailing—1.4% | ||||||||
CVS Caremark Corp. | 528,530 | 23,583 | ||||||
Food Products—2.4% | ||||||||
General Mills, Inc. | 218,630 | 8,503 | ||||||
Hormel Foods Corp. | 393,670 | 11,440 | ||||||
Unilever NV | 597,800 | 20,534 | ||||||
Health Care Equipment & Supplies—1.7% |
| |||||||
Covidien PLC | 159,530 | 8,811 | ||||||
Medtronic, Inc. | 507,710 | 19,394 | ||||||
Health Care Providers & Services—1.1% |
| |||||||
Cardinal Health, Inc. | 455,010 | 19,233 | ||||||
Household Products—2.4% | ||||||||
Procter & Gamble Co. | 625,680 | 39,818 | ||||||
Industrial Conglomerates—3.0% | ||||||||
General Electric Co. | 2,090,470 | 40,931 | ||||||
Siemens AG ADR | 107,340 | 9,969 | ||||||
Insurance—5.5% | ||||||||
ACE, Ltd. | 319,150 | 24,245 | ||||||
Chubb Corp. | 285,640 | 20,872 | ||||||
Principal Financial Group, Inc. | 762,550 | 21,100 | ||||||
RenaissanceRe Holdings, Ltd. | 206,340 | 16,107 | ||||||
XL Group PLC—Class A | 460,620 | 9,908 |
Shares | Value (000’s) | |||||||
Internet Software & Services—0.9% |
| |||||||
eBay, Inc. ‡ | 371,610 | $ | 15,255 | |||||
Accenture PLC—Class A | 256,090 | 16,633 | ||||||
Automatic Data Processing, Inc. | 239,950 | 13,346 | ||||||
International Business Machines Corp. | 85,650 | 17,736 | ||||||
Leisure Equipment & Products—1.0% |
| |||||||
Mattel, Inc. | 522,600 | 17,559 | ||||||
Machinery—2.5% | ||||||||
Caterpillar, Inc. | 63,500 | 6,526 | ||||||
Deere & Co. | 218,830 | 18,022 | ||||||
Eaton Corp. | 355,970 | 17,151 | ||||||
Media—3.9% | ||||||||
Comcast Corp.—Class A | 1,218,930 | 36,970 | ||||||
Omnicom Group, Inc. | 254,610 | 13,064 | ||||||
Walt Disney Co. | 357,730 | 15,422 | ||||||
Metals & Mining—0.9% | ||||||||
Barrick Gold Corp. | 182,670 | 7,385 | ||||||
Compass Minerals International, Inc. ^ | 100,930 | 7,724 | ||||||
Multiline Retail—1.4% | ||||||||
Target Corp. | 391,440 | 22,680 | ||||||
Multi-Utilities—2.7% | ||||||||
Alliant Energy Corp. | 477,900 | 21,620 | ||||||
Dominion Resources, Inc. | 365,850 | 19,094 | ||||||
Xcel Energy, Inc. | 175,854 | 4,759 | ||||||
Oil, Gas & Consumable Fuels—11.6% |
| |||||||
Anadarko Petroleum Corp. | 323,210 | 23,662 | ||||||
Chevron Corp. | 223,330 | 23,798 | ||||||
CONSOL Energy, Inc. | 246,750 | 8,202 | ||||||
EnCana Corp. ^ | 1,191,960 | 24,960 | ||||||
Exxon Mobil Corp. | 634,390 | 54,774 | ||||||
Occidental Petroleum Corp. | 390,740 | 35,643 | ||||||
Petroleo Brasileiro SA ADR | 519,780 | 12,236 | ||||||
Total SA ADR | 244,400 | 11,758 | ||||||
Pharmaceuticals—10.5% | ||||||||
Eli Lilly & Co. | 395,550 | 16,372 | ||||||
Johnson & Johnson | 510,850 | 33,251 | ||||||
Merck & Co., Inc. | 1,421,990 | 55,799 | ||||||
Pfizer, Inc. | 2,413,090 | 55,332 | ||||||
Teva Pharmaceutical Industries, Ltd. ADR | 332,660 | 15,216 | ||||||
Semiconductors & Semiconductor Equipment—1.0% |
| |||||||
Intel Corp. | 588,250 | 16,706 | ||||||
Software—1.9% | ||||||||
Microsoft Corp. | 437,100 | 13,996 | ||||||
Oracle Corp. | 611,130 | 17,961 | ||||||
Specialty Retail—2.0% | ||||||||
Lowe’s Cos., Inc. | 720,450 | 22,673 | ||||||
Staples, Inc. | 745,530 | 11,481 | ||||||
Tobacco—1.1% | ||||||||
Philip Morris International, Inc. | 200,055 | 17,907 | ||||||
|
| |||||||
Total Common Stocks (cost $1,512,316) |
| 1,658,869 | ||||||
|
| |||||||
SECURITIES LENDING COLLATERAL—1.7% |
| |||||||
State Street Navigator Securities Lending Trust—Prime Portfolio, 0.29% p | 28,703,944 | 28,704 | ||||||
Total Securities Lending Collateral (cost $28,704) |
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 47 |
Transamerica Quality Value
(formerly Transamerica WMC Quality Value)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Principal (000’s) | Value (000’s) | |||||||
REPURCHASE AGREEMENT—1.3% | ||||||||
State Street Bank & Trust Co. 0.03% p, dated 04/30/2012, to be repurchased at $21,689 on 05/01/2012. Collateralized by a U.S. Government Agency Obligation, 3.50%, due 11/15/2040, and with a value of $22,126. | $ | 21,689 | $ | 21,689 | ||||
|
| |||||||
Total Repurchase Agreement (cost $21,689) | ||||||||
Total Investment Securities (cost $1,562,709)P | 1,709,262 | |||||||
Other Assets and Liabilities—Net | (29,730 | ) | ||||||
|
| |||||||
Net Assets | $ | 1,679,532 | ||||||
|
|
NOTES TO SCHEDULE OF INVESTMENTS (all amounts in thousands):
^ | All or a portion of this security is on loan. The value of all securities on loan is $28,023. |
‡ | Non-income producing security. |
p | Rate shown reflects the yield at 04/30/2012. |
P | Aggregate cost for federal income tax purposes is $1,562,709. Aggregate gross unrealized appreciation/depreciation for all securities in which there is an excess of value over tax cost were $186,010 and $39,457, respectively. Net unrealized appreciation for tax purposes is $146,553. |
DEFINITION:
ADR | American Depositary Receipt |
VALUATION SUMMARY (all amounts in thousands): '
Investment Securities | Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Value at 04/30/2012 | ||||||||||||
Common Stocks | $ | 1,621,926 | $ | 36,943 | $ | — | $ | 1,658,869 | ||||||||
Repurchase Agreement | — | 21,689 | — | 21,689 | ||||||||||||
Securities Lending Collateral | 28,704 | — | — | 28,704 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total | $ | 1,650,630 | $ | 58,632 | $ | — | $ | 1,709,262 | ||||||||
|
|
|
|
|
|
|
|
' | See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 48 |
Transamerica Short-Term Bond
(formerly Transamerica AEGON Short-Term Bond)
SCHEDULE OF INVESTMENTS
At April 30, 2012
(unaudited)
Principal (000’s) | Value (000’s) | |||||||
U.S. GOVERNMENT AGENCY OBLIGATION—0.0% ¥ |
| |||||||
Freddie Mac | $ | 903 | $ | 966 | ||||
Total U.S. Government Agency Obligation (cost $916) |
| |||||||
MORTGAGE-BACKED SECURITIES—25.5% |
| |||||||
7 WTC Depositor LLC Trust | 6,895 | 7,050 | ||||||
American General Mortgage Loan Trust | 13,311 | 13,554 | ||||||
Series 2009-1, Class A6 | 20,611 | 21,198 | ||||||
American Tower Trust | 22,047 | 23,467 | ||||||
Series 2007-1A, Class B | 4,750 | 5,025 | ||||||
Series 2007-1A, Class C | 14,550 | 15,357 | ||||||
Series 2007-1A, Class D | 9,755 | 10,256 | ||||||
Banc of America Funding Corp. | 5,666 | 5,841 | ||||||
Series 2010-R6, Class 4A1 | 4,622 | 4,541 | ||||||
Series 2011-R1, Class A1 | 2,551 | 2,561 | ||||||
BCAP LLC Trust | 8,540 | 8,651 | ||||||
Series 2009-RR3, Class 1A2 | 1,934 | 1,968 | ||||||
Series 2009-RR3, Class 2A1 | 4,633 | 4,682 | ||||||
Series 2009-RR6, Class 2A1 | 9,179 | 8,196 | ||||||
Series 2009-RR10, Class 2A1 | 3,543 | 3,428 | ||||||
Series 2009-RR13, Class 13A3 | 6,268 | 6,314 | ||||||
Series 2009-RR13, Class 14A1 | 2,592 | 2,631 | ||||||
Series 2009-RR13, Class 2A3 | 4,940 | 5,060 | ||||||
Series 2009-RR13, Class 3A3 | 11,484 | 11,723 | ||||||
Series 2009-RR13, Class 7A1 | 304 | 306 | ||||||
Series 2009-RR14, Class 1A1 | 13,157 | 13,563 | ||||||
Series 2010-RR1, Class 12A1 | 8,010 | 8,267 | ||||||
Series 2010-RR6, Class 15A5 | 4,250 | 4,299 | ||||||
Series 2010-RR6, Class 16A5 | 2,771 | 2,841 | ||||||
Series 2010-RR6, Class 1A5 | 10,184 | 10,291 | ||||||
Series 2010-RR6, Class 20A1 | 2,805 | 2,781 |
Principal (000’s) | Value (000’s) | |||||||
MORTGAGE-BACKED SECURITIES (continued) |
| |||||||
BCAP LLC Trust (continued) | $ | 9,612 | $ | 9,907 | ||||
Series 2011-RR1, Class 5A1 | 4,556 | 4,526 | ||||||
Series 2012-RR2, Class 7A3 | 10,297 | 10,013 | ||||||
Bear Stearns Commercial Mortgage Securities | 9,340 | 9,770 | ||||||
BNPP Mortgage Securities LLC | 11,299 | 11,888 | ||||||
Capmark Military Housing Trust | 4,900 | 5,374 | ||||||
Citigroup Mortgage Loan Trust, Inc. | 5,435 | 5,632 | ||||||
Series 2010-8, Class 5A6 | 20,014 | 20,544 | ||||||
Series 2010-8, Class 6A6 | 17,434 | 17,974 | ||||||
Series 2010-8, Class 6A62 | 9,333 | 9,548 | ||||||
Countrywide Home Loan Mortgage Pass-Through Trust | 8,291 | 8,447 | ||||||
Credit Suisse Mortgage Capital Certificates | 13,435 | 14,066 | ||||||
Series 2007-C4, Class AAB | 11,850 | 12,868 | ||||||
Series 2009-12R, Class 36A1 | 6,506 | 6,521 | ||||||
Series 2009-16R, Class 11A1 | 4,554 | 4,669 | ||||||
Series 2010-1R, Class 28A1 | 17,409 | 17,149 | ||||||
Series 2010-1R, Class 40A1 | 2,838 | 2,896 | ||||||
Series 2010-12R, Class 10A1 | 5,322 | 5,379 | ||||||
Series 2010-15R, Class 2A1 | 10,588 | 10,679 | ||||||
Series 2010-15R, Class 4A1 | 14,149 | 13,924 | ||||||
Series 2010-15R, Class 6A1 | 6,376 | 6,392 | ||||||
Series 2010-18R, Class 1A11 | 9,656 | 9,554 | ||||||
Series 2010-18R, Class 3A1 | 9,953 | 10,102 | ||||||
GS Mortgage Securities Corp. II | 10,600 | 10,460 | ||||||
Series 2007-EOP, Class E | 20,000 | 19,759 | ||||||
Impac CMB Trust | 13,345 | 11,232 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 49 |
Transamerica Short-Term Bond
(formerly Transamerica AEGON Short-Term Bond)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Principal (000’s) | Value (000’s) | |||||||
MORTGAGE-BACKED SECURITIES (continued) |
| |||||||
Jefferies & Co., Inc. | $ | 4,138 | $ | 4,140 | ||||
Series 2009-R2, Class 3A | 2,861 | 2,830 | ||||||
Series 2009-R7, Class 10A3 | 1,760 | 1,827 | ||||||
Series 2009-R7, Class 11A1 | 3,818 | 3,652 | ||||||
Series 2009-R7, Class 12A1 | 2,072 | 2,049 | ||||||
Series 2009-R7, Class 1A1 | 2,043 | 1,960 | ||||||
Series 2009-R7, Class 4A1 | 2,880 | 2,697 | ||||||
Series 2009-R9, Class 1A1 | 10,413 | 10,263 | ||||||
Series 2010-R2, Class 1A1 | 9,346 | 9,661 | ||||||
Series 2010-R3, Class 1A1 | 7,362 | 7,315 | ||||||
Series 2010-R6, Class 1A1 | 7,100 | 7,164 | ||||||
Series 2010-R8, Class 2A1 | 5,261 | 5,283 | ||||||
JPMorgan Chase Commercial Mortgage Securities Corp. | 6,915 | 7,431 | ||||||
Series 2007-CB19, Class ASB | 9,988 | 10,825 | ||||||
Series 2007-LD11, Class ASB | 17,134 | 18,248 | ||||||
JPMorgan Re-REMIC | 3,132 | 3,201 | ||||||
Series 2009-11, Class 1A1 | 7,706 | 7,444 | ||||||
Series 2010-4, Class 7A1 | 11,171 | 10,954 | ||||||
Series 2010-5, Class 2A2 | 11,397 | 11,446 | ||||||
LB-UBS Commercial Mortgage Trust | 12,585 | 12,815 | ||||||
LSTAR Commercial Mortgage Trust | 10,587 | 11,137 | ||||||
Morgan Stanley Re-REMIC Trust | 19,903 | 21,028 | ||||||
Mortgage Equity Conversion Asset Trust | 14,655 | 14,509 | ||||||
RBSCF Trust | 13,000 | 14,325 | ||||||
RBSSP Resecuritization Trust | 10,762 | 11,325 | ||||||
RREF 2012 LT1 LLC | 10,470 | 10,519 |
Principal (000’s) | Value (000’s) | |||||||
MORTGAGE-BACKED SECURITIES (continued) |
| |||||||
Wells Fargo Mortgage Backed Securities Trust | $ | 1,591 | $ | 1,586 | ||||
Wells Fargo Mortgage Loan Trust | 8,533 | 8,421 | ||||||
Series 2010-RR4, Class 1A1 | 8,756 | 8,859 | ||||||
|
| |||||||
Total Mortgage-Backed Securities (cost $711,156) |
| 716,038 | ||||||
|
| |||||||
ASSET-BACKED SECURITIES—6.3% |
| |||||||
AH Mortgage Advance Trust | 28,890 | 28,948 | ||||||
Series SART-2, Class A1 | 20,300 | 20,444 | ||||||
AmeriCredit Automobile Receivables Trust | 7,500 | 7,516 | ||||||
Citigroup Mortgage Loan Trust, Inc. | 7,087 | 6,195 | ||||||
DT Auto Owner Trust | 2,973 | 3,052 | ||||||
HSBC Home Equity Loan Trust | 23,721 | 20,334 | ||||||
Series 2007-1, Class A4 | 9,352 | 7,708 | ||||||
Orange Lake Timeshare Trust | 6,294 | 6,364 | ||||||
Prestige Auto Receivables Trust | 5,000 | 5,039 | ||||||
Sierra Receivables Funding Co., LLC | 2,206 | 2,153 | ||||||
Series 2011-2A, Class A | 7,154 | 7,235 | ||||||
Series 2011-3A, Class A | 8,734 | 8,905 | ||||||
TAL Advantage LLC | 18,314 | 18,819 | ||||||
Tax Liens Securitization Trust | 7,023 | 7,028 | ||||||
Trafigura Securitisation Finance PLC | 22,800 | 22,732 | ||||||
Series 2007-1, Class B | 3,900 | 3,851 | ||||||
|
| |||||||
Total Asset-Backed Securities (cost $174,807) |
| 176,323 | ||||||
|
| |||||||
MUNICIPAL GOVERNMENT OBLIGATION—0.7% |
| |||||||
Rhode Island Economic Development Corp. | 16,950 | 18,642 | ||||||
Total Municipal Government Obligation (cost $16,950) |
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 50 |
Transamerica Short-Term Bond
(formerly Transamerica AEGON Short-Term Bond)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Principal (000’s) | Value (000’s) | |||||||
CORPORATE DEBT SECURITIES—61.5% |
| |||||||
Airlines—2.3% | ||||||||
America West Airlines Pass-Through Trust | $ | 3,598 | $ | 3,778 | ||||
Series 2000-1, Class G | 12,568 | 13,134 | ||||||
Continental Airlines Pass-Through Trust | 9,419 | 9,419 | ||||||
Delta Air Lines, Inc., Pass-Through Trust | 12,747 | 13,799 | ||||||
Northwest Airlines Pass-Through Trust | 820 | 779 | ||||||
UAL Pass-Through Trust | 21,385 | 24,407 | ||||||
Beverages—0.4% | ||||||||
Anheuser-Busch InBev Worldwide, Inc. | BRL | 21,570 | 12,448 | |||||
Capital Markets—2.1% | ||||||||
Macquarie Group, Ltd. | $ | 25,590 | 27,320 | |||||
Morgan Stanley | 19,060 | 16,830 | ||||||
4.00%, 07/24/2015 ^ | 14,850 | 14,770 | ||||||
Chemicals—0.5% | ||||||||
NOVA Chemicals Corp. | 13,999 | 13,982 | ||||||
Commercial Banks—9.1% | ||||||||
Banco Santander Chile | 26,595 | 26,623 | ||||||
Barclays Bank PLC | 19,570 | 19,734 | ||||||
BBVA US Senior SAU | 24,738 | 24,123 | ||||||
CIT Group, Inc. | 14,580 | 14,872 | ||||||
Export-Import Bank of Korea | 13,900 | 14,590 | ||||||
First Horizon National Corp. | 9,895 | 10,545 | ||||||
First Tennessee Bank NA | 15,609 | 16,093 | ||||||
ICICI Bank, Ltd. | 24,850 | 25,347 | ||||||
Nordea Bank AB | 15,800 | 15,894 | ||||||
Regions Financial Corp. | 13,000 | 14,300 | ||||||
Royal Bank of Scotland PLC | 26,415 | 26,401 | ||||||
3.25%, 01/11/2014 ^ | 5,000 | 5,029 | ||||||
Wachovia Corp. | 22,400 | 21,293 | ||||||
Zions Bancorporation | 18,460 | 20,115 |
Principal (000’s) | Value (000’s) | |||||||
Commercial Services & Supplies—1.9% |
| |||||||
Exelis, Inc. | $ | 15,000 | $ | 15,387 | ||||
Hutchison Whampoa International 03/13, Ltd. | 13,810 | 14,329 | ||||||
Hutchison Whampoa International 11, Ltd. | 9,600 | 9,889 | ||||||
KAR Auction Services, Inc. | 14,785 | 14,748 | ||||||
Construction Materials—0.2% |
| |||||||
CRH America, Inc. | 4,600 | 4,832 | ||||||
Vulcan Materials Co. | 2 | 2 | ||||||
Consumer Finance—1.3% | ||||||||
Ally Financial, Inc. | 13,360 | 14,095 | ||||||
FIA Card Services NA | 22,691 | 23,182 | ||||||
Containers & Packaging—0.6% |
| |||||||
Rexam PLC | 16,424 | 17,102 | ||||||
Distributors—1.0% | ||||||||
Glencore Funding LLC | 27,055 | 28,639 | ||||||
Diversified Financial Services— 7.2% |
| |||||||
Bank of America Corp. | 4,400 | 4,518 | ||||||
Citigroup, Inc. | 6,000 | 6,335 | ||||||
FUEL Trust | 19,700 | 20,571 | ||||||
Harley-Davidson Funding Corp. | 24,000 | 26,121 | ||||||
International Lease Finance Corp. | 25,820 | 27,434 | ||||||
Irish Life & Permanent PLC | 17,085 | 16,381 | ||||||
Lazard Group LLC | 3,160 | 3,437 | ||||||
Marina District Finance Co., Inc. | 13,930 | 13,547 | ||||||
Murray Street Investment Trust I | 14,866 | 14,955 | ||||||
QHP Royalty Sub LLC | 4,294 | 4,314 | ||||||
Selkirk Cogen Funding Corp.—Series A | 7,521 | 7,550 | ||||||
Stone Street Trust | 29,415 | 29,653 | ||||||
TNK-BP Finance SA | 25,000 | 26,844 | ||||||
Diversified Telecommunication Services—3.9% |
| |||||||
GTP Towers Issuer LLC | 25,255 | 26,063 | ||||||
Qwest Communications International, Inc. | 24,950 | 26,572 | ||||||
Telecom Italia Capital SA | 26,189 | 27,034 | ||||||
Telefonica Emisiones SAU | 24,565 | 24,073 | ||||||
2.58%, 04/26/2013 ^ | 5,000 | 4,981 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 51 |
Transamerica Short-Term Bond
(formerly Transamerica AEGON Short-Term Bond)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Principal (000’s) | Value (000’s) | |||||||
Energy Equipment & Services—1.2% |
| |||||||
DCP Midstream Operating, LP | $ | 18,275 | $ | 18,465 | ||||
Transocean, Inc. | 13,975 | 15,175 | ||||||
Health Care Equipment & Supplies—0.3% |
| |||||||
Boston Scientific Corp. | 6,603 | 7,373 | ||||||
Health Care Providers & Services—0.1% |
| |||||||
Owens & Minor, Inc. | 1,630 | 1,790 | ||||||
Hotels, Restaurants & Leisure—0.5% |
| |||||||
MGM Resorts International | 12,460 | 12,896 | ||||||
Household Durables—0.8% |
| |||||||
Maytag Corp. | 21,506 | 23,007 | ||||||
Insurance—3.2% | ||||||||
21st Century Insurance Group | 6,570 | 6,939 | ||||||
Aspen Insurance Holdings, Ltd. | 7,966 | 8,534 | ||||||
Fidelity National Financial, Inc. | 13,289 | 13,538 | ||||||
Liberty Mutual Group, Inc. | 19,200 | 20,417 | ||||||
Prudential Covered Trust 2012-1 | 11,900 | 12,065 | ||||||
Transatlantic Holdings, Inc. | 25,760 | 27,831 | ||||||
IT Services—0.6% | ||||||||
Affiliated Computer Services, Inc. | 16,300 | 17,667 | ||||||
Metals & Mining—1.9% |
| |||||||
Anglo American Capital PLC | 12,156 | 13,917 | ||||||
ArcelorMittal | 20,000 | 20,386 | ||||||
Xstrata Finance Canada, Ltd. | 19,960 | 20,433 | ||||||
Multi-Utilities—0.8% | ||||||||
Black Hills Corp. | 9,290 | 9,724 | ||||||
9.00%, 05/15/2014 | 12,521 | 13,962 | ||||||
Oil, Gas & Consumable Fuels—7.1% |
| |||||||
Empresa Nacional del Petroleo | 12,938 | 13,261 | ||||||
Energy Transfer Partners, LP | 21,736 | 22,730 | ||||||
Gazprom OAO Via GAZ Capital SA | 25,395 | 28,157 | ||||||
KazMunayGas National Co. | 13,000 | 13,764 | ||||||
Lukoil International Finance BV | 26,270 | 28,366 | ||||||
Petrobras International Finance Co.—Pifco | 11,930 | 12,183 | ||||||
3.50%, 02/06/2017 | 13,000 | 13,361 | ||||||
Petrohawk Energy Corp. | 24,285 | 27,685 | ||||||
Ras Laffan Liquefied Natural Gas Co., Ltd. III | 8,600 | 8,708 | ||||||
5.83%, 09/30/2016—144A | 16,796 | 18,056 |
Principal (000’s) | Value (000’s) | |||||||
Oil, Gas & Consumable Fuels (continued) |
| |||||||
Tengizchevroil Finance Co., SARL | $ | 11,738 | $ | 12,237 | ||||
Paper & Forest Products—1.1% |
| |||||||
Celulosa Arauco y Constitucion SA | 9,400 | 9,729 | ||||||
Georgia-Pacific LLC | 20,015 | 22,117 | ||||||
Pharmaceuticals—0.0% ¥ |
| |||||||
Hospira, Inc. | 244 | 273 | ||||||
Professional Services—1.0% | ||||||||
Block Financial LLC | 26,495 | 27,566 | ||||||
Real Estate Investment Trusts—5.7% |
| |||||||
BRE Properties, Inc. | 7,000 | 7,209 | ||||||
Dexus Property Group | 25,325 | 27,548 | ||||||
Digital Realty Trust, LP | 14,200 | 14,921 | ||||||
Duke Realty, LP | 1 | 1 | ||||||
Healthcare Realty Trust, Inc. | 13,456 | 14,016 | ||||||
Hospitality Properties Trust | 10,000 | 10,944 | ||||||
Kilroy Realty, LP | 14,130 | 15,073 | ||||||
National Retail Properties, Inc. | 14,850 | 16,250 | ||||||
6.25%, 06/15/2014 | 9,958 | 10,682 | ||||||
UDR, Inc. | 4,900 | 5,147 | ||||||
5.50%, 04/01/2014 | 5,500 | 5,844 | ||||||
6.05%, 06/01/2013 | 6,080 | 6,338 | ||||||
WEA Finance LLC / WT Finance | 13,000 | 14,286 | ||||||
7.50%, 06/02/2014—144A | 6,722 | 7,412 | ||||||
WT Finance AUST Pty, Ltd. / Westfield | 5,170 | 5,513 | ||||||
Real Estate Management & Development—2.0% |
| |||||||
Post Apartment Homes, LP | 9,399 | 9,425 | ||||||
6.30%, 06/01/2013 | 17,965 | 18,727 | ||||||
Retail Property Trust | 16,445 | 17,613 | ||||||
Weyerhaeuser Real Estate Co. | 7,000 | 7,083 | ||||||
World Financial Properties Tower D Finance Corp. | 2,450 | 2,504 | ||||||
Trading Companies & Distributors—0.9% |
| |||||||
Noble Group, Ltd. | 24,175 | 25,384 | ||||||
Wireless Telecommunication Services—3.8% |
| |||||||
Crown Castle Towers LLC | 12,000 | 12,202 | ||||||
4.52%, 01/15/2015—144A | 15,870 | 16,674 | ||||||
Nextel Communications, Inc.—Series D | 10,000 | 9,700 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 52 |
Transamerica Short-Term Bond
(formerly Transamerica AEGON Short-Term Bond)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Principal (000’s) | Value (000’s) | |||||||
Wireless Telecommunication Services (continued) |
| |||||||
Richland Towers Funding LLC / Management Funding / RTM Boston / Seattle Funding | $ | 11,950 | $ | 12,083 | ||||
SBA Tower Trust | 27,285 | 28,535 | ||||||
WCP Wireless Site Funding / WCP Wireless | 27,773 | 28,573 | ||||||
|
| |||||||
Total Corporate Debt Securities |
| 1,730,212 | ||||||
|
| |||||||
LOAN ASSIGNMENTS—3.0% |
| |||||||
Food Products—0.4% |
| |||||||
Michael Foods Group, Inc., Tranche B | 12,541 | 12,557 | ||||||
Health Care Providers & Services—0.5% |
| |||||||
HCA, Inc., Tranche B2 | 13,500 | 13,283 | ||||||
Hotels, Restaurants & Leisure—0.4% |
| |||||||
Scientific Games International, Inc., Tranche B1 Extended | 11,967 | 11,907 | ||||||
IT Services—0.3% |
| |||||||
SunGard Data Systems, Inc. | 8,503 | 8,500 | ||||||
Media—1.0% |
| |||||||
CSC Holdings, Inc., Tranche B2 | 13,963 | 13,896 | ||||||
Visant Corp., Tranche B | 13,208 | 12,990 | ||||||
Personal Products—0.4% |
| |||||||
Revlon Consumer Products Corp., Tranche B | 9,975 | 9,961 | ||||||
|
| |||||||
Total Loan Assignments (cost $82,740) | 83,094 | |||||||
|
|
Shares | Value (000’s) | |||||||
SECURITIES LENDING COLLATERAL—3.3% |
| |||||||
State Street Navigator Securities Lending Trust—Prime Portfolio, 0.29% p | 94,099,280 | $ | 94,099 | |||||
Total Securities Lending Collateral (cost $94,099) |
| |||||||
Principal (000’s) | Value (000’s) | |||||||
REPURCHASE AGREEMENTS—1.9% |
| |||||||
State Street Bank & Trust Co. 0.03% p, dated 04/30/2012, to be repurchased at $52,903 on 05/01/2012. Collateralized by U.S. Government Agency Obligations, 3.00%—3.50%, due 11/15/2040—11/25/2040, and with a total value of $53,964. | $ | 52,903 | 52,903 | |||||
Total Repurchase Agreement (cost $52,903) |
| |||||||
|
| |||||||
Total Investment Securities | 2,872,277 | |||||||
Other Assets and Liabilities—Net | (62,471 | ) | ||||||
|
| |||||||
Net Assets | $ | 2,809,806 | ||||||
|
|
NOTES TO SCHEDULE OF INVESTMENTS (all amounts in thousands):
¥ | Percentage rounds to less than 0.1%. |
* | Floating or variable rate note. Rate is listed as of 04/30/2012. |
§ | Illiquid. These securities aggregated to $101,736, or 3.62%, of the fund’s net assets. |
ə | Fair valued as determined in good faith in accordance with procedures established by the Board of Trustees. Total aggregate market value of fair valued securities is $22,732, or 0.81% of the fund’s net assets. |
^ | All or a portion of this security is on loan. The value of all securities on loan is $92,151. |
p | Rate shown reflects the yield at 04/30/2012. |
P | Aggregate cost for federal income tax purposes is $2,840,366. Aggregate gross unrealized appreciation/depreciation for all securities in which there is an excess of value over tax cost were $43,610 and $11,699, respectively. Net unrealized appreciation for tax purposes is $31,911. |
DEFINITIONS (all amounts in thousands):
144A | 144A Securities are registered pursuant to Rule 144A of the Securities Act of 1933. These securities are deemed to be liquid for purposes of compliance limitations on holdings of illiquid securities and may be resold as transactions exempt from registration, normally to qualified institutional buyers. At 04/30/2012, these securities aggregated $1,497,777, or 53.31%, of the fund’s net assets. | |
BRL | Brazilian Real | |
OAO | Otkrytoe Aktsionernoe Obschestvo (Russian: Open Joint Stock Corporation) | |
REMIC | Real Estate Mortgage Investment Conduits (consist of a fixed pool of mortgages broken apart and marketed to investors as individual securities) |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 53 |
Transamerica Short-Term Bond
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
VALUATION SUMMARY (all amounts in thousands): '
Investment Securities | Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Value at 04/30/2012 | ||||||||||||
Asset-Backed Securities | $ | — | $ | 176,323 | $ | — | $ | 176,323 | ||||||||
Corporate Debt Securities | — | 1,730,212 | — | 1,730,212 | ||||||||||||
Loan Assignments | — | 83,094 | — | 83,094 | ||||||||||||
Mortgage-Backed Securities | — | 716,038 | — | 716,038 | ||||||||||||
Municipal Government Obligation | — | 18,642 | — | 18,642 | ||||||||||||
Repurchase Agreements | — | 52,903 | — | 52,903 | ||||||||||||
Securities Lending Collateral | 94,099 | — | — | 94,099 | ||||||||||||
U.S. Government Agency Obligation | — | 966 | — | 966 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total | $ | 94,099 | $ | 2,778,178 | $ | — | $ | 2,872,277 | ||||||||
|
|
|
|
|
|
|
|
' | See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 54 |
Transamerica Small/Mid Cap Value
(formerly Transamerica Systematic Small/Mid Cap Value)
SCHEDULE OF INVESTMENTS
At April 30, 2012
(unaudited)
Shares | Value (000’s) | |||||||
COMMON STOCKS—96.9% |
| |||||||
Aerospace & Defense—1.0% |
| |||||||
Aerovironment, Inc. ‡^ | 62,300 | $ | 1,515 | |||||
Curtiss-Wright Corp. | 36,500 | 1,288 | ||||||
Ducommun, Inc. ‡ | 47,051 | 555 | ||||||
Triumph Group, Inc. | 57,800 | 3,631 | ||||||
Air Freight & Logistics—0.4% |
| |||||||
Atlas Air Worldwide Holdings, Inc. ‡ | 63,440 | 2,921 | ||||||
Auto Components—0.7% |
| |||||||
Dana Holding Corp. ^ | 204,200 | 2,985 | ||||||
Delphi Automotive PLC ‡ | 66,200 | 2,032 | ||||||
Automobiles—0.3% |
| |||||||
Harley-Davidson, Inc. | 42,075 | 2,202 | ||||||
Building Products—0.9% |
| |||||||
A.O. Smith Corp. | 60,600 | 2,884 | ||||||
American Woodmark Corp. ^ | 5,161 | 93 | ||||||
Fortune Brands Home & Security, Inc. ‡ | 50,000 | 1,137 | ||||||
Gibraltar Industries, Inc. ‡ | 178,119 | 2,408 | ||||||
Capital Markets—3.9% |
| |||||||
Duff & Phelps Corp.—Class A ^ | 87,500 | 1,391 | ||||||
Invesco, Ltd. | 338,850 | 8,417 | ||||||
LPL Investment Holdings, Inc. ‡^ | 53,000 | 1,902 | ||||||
Raymond James Financial, Inc. | 282,000 | 10,328 | ||||||
Stifel Financial Corp. ‡^ | 58,000 | 2,112 | ||||||
Waddell & Reed Financial, Inc.—Class A | 78,400 | 2,507 | ||||||
Chemicals—2.7% |
| |||||||
Agrium, Inc. | 26,225 | 2,305 | ||||||
Ashland, Inc. | 90,850 | 5,984 | ||||||
Cytec Industries, Inc. | 66,250 | 4,212 | ||||||
PPG Industries, Inc. | 26,475 | 2,786 | ||||||
Valspar Corp. | 58,125 | 2,973 | ||||||
Commercial Banks—7.4% |
| |||||||
City National Corp. ^ | 25,400 | 1,353 | ||||||
Comerica, Inc. | 264,750 | 8,477 | ||||||
Fifth Third Bancorp | 381,250 | 5,425 | ||||||
First Citizens BancShares, Inc.—Class A | 28,413 | 4,924 | ||||||
First Community Bancshares, Inc. ^ | 151,740 | 2,032 | ||||||
First Niagara Financial Group, Inc. | 136,470 | 1,220 | ||||||
KeyCorp | 1,080,700 | 8,689 | ||||||
Lakeland Bancorp, Inc. ^ | 52,848 | 483 | ||||||
Regions Financial Corp. | 1,003,875 | 6,766 | ||||||
Sandy Spring Bancorp, Inc. ^ | 118,500 | 2,134 | ||||||
Texas Capital Bancshares, Inc. ‡^ | 51,000 | 1,923 | ||||||
Umpqua Holdings Corp. ^ | 190,000 | 2,516 | ||||||
Washington Trust Bancorp, Inc. ^ | 55,921 | 1,324 | ||||||
Webster Financial Corp. | 168,500 | 3,830 | ||||||
Commercial Services & Supplies—0.9% |
| |||||||
Cintas Corp. | 94,725 | 3,711 | ||||||
HNI Corp. ^ | 72,200 | 1,741 | ||||||
Steelcase, Inc.—Class A ^ | 105,000 | 907 | ||||||
Communications Equipment—0.4% |
| |||||||
Harmonic, Inc. ‡ | 199,600 | 942 | ||||||
KVH Industries, Inc. ‡^ | 184,983 | 1,846 | ||||||
Computers & Peripherals—1.6% |
| |||||||
Diebold, Inc. | 123,950 | 4,890 | ||||||
QLogic Corp. ‡ | 107,300 | 1,851 | ||||||
Seagate Technology PLC | 132,975 | 4,090 | ||||||
Construction & Engineering—1.6% |
| |||||||
Chicago Bridge & Iron Co. NV | 23,800 | 1,057 | ||||||
EMCOR Group, Inc. | 67,000 | 1,964 | ||||||
Foster Wheeler AG ‡ | 52,000 | 1,196 | ||||||
KBR, Inc. | 202,000 | 6,840 | ||||||
Consumer Finance—2.6% |
| |||||||
Discover Financial Services | 275,200 | 9,330 | ||||||
SLM Corp. | 597,800 | 8,865 | ||||||
Electric Utilities—2.7% |
| |||||||
Cleco Corp. | 101,675 | 4,148 | ||||||
FirstEnergy Corp. | 44,700 | 2,093 | ||||||
MGE Energy, Inc. ^ | 35,900 | 1,642 |
Shares | Value (000’s) | |||||||
Electric Utilities (continued) |
| |||||||
PPL Corp. | 401,000 | $ | 10,968 | |||||
Electrical Equipment—0.2% |
| |||||||
PowerSecure International, Inc. ‡ | 319,261 | 1,657 | ||||||
Electronic Equipment & Instruments—1.8% |
| |||||||
Jabil Circuit, Inc. | 130,500 | 3,060 | ||||||
Orbotech, Ltd. ‡ | 303,000 | 3,309 | ||||||
Park Electrochemical Corp. ^ | 71,286 | 2,057 | ||||||
Rofin-Sinar Technologies, Inc. ‡^ | 52,000 | 1,310 | ||||||
Universal Display Corp. ‡^ | 21,100 | 949 | ||||||
Vishay Intertechnology, Inc. ‡^ | 148,400 | 1,665 | ||||||
Energy Equipment & Services—1.6% |
| |||||||
Dresser-Rand Group, Inc. ‡ | 26,000 | 1,266 | ||||||
Oil States International, Inc. ‡ | 37,425 | 2,978 | ||||||
Superior Energy Services, Inc. ‡ | 238,350 | 6,416 | ||||||
Food Products—1.1% |
| |||||||
Hain Celestial Group, Inc. ‡^ | 57,500 | 2,720 | ||||||
J&J Snack Foods Corp. ^ | 25,145 | 1,410 | ||||||
Smithfield Foods, Inc. ‡ | 151,075 | 3,166 | ||||||
Health Care Equipment & Supplies—1.3% |
| |||||||
Align Technology, Inc. ‡^ | 42,700 | 1,354 | ||||||
Cyberonics, Inc. ‡^ | 21,925 | 840 | ||||||
Greatbatch, Inc. ‡^ | 56,800 | 1,323 | ||||||
Hill-Rom Holdings, Inc. | 48,000 | 1,558 | ||||||
Sirona Dental Systems, Inc. ‡ | 80,700 | 4,075 | ||||||
Health Care Providers & Services—2.4% |
| |||||||
AMN Healthcare Services, Inc. ‡^ | 162,000 | 1,087 | ||||||
Cardinal Health, Inc. | 179,575 | 7,591 | ||||||
Coventry Health Care, Inc. | 105,000 | 3,149 | ||||||
Health Net, Inc. ‡ | 123,150 | 4,385 | ||||||
Health Care Technology—0.3% |
| |||||||
Omnicell, Inc. ‡ | 165,000 | 2,355 | ||||||
Hotels, Restaurants & Leisure—1.3% |
| |||||||
Brinker International, Inc. ^ | 158,475 | 4,987 | ||||||
PF Chang’s China Bistro, Inc. ^ | 16,000 | 635 | ||||||
Wyndham Worldwide Corp. | 60,400 | 3,041 | ||||||
Household Durables—0.7% |
| |||||||
Harman International Industries, Inc. | 42,000 | 2,081 | ||||||
Helen of Troy, Ltd. ‡ | 20,000 | 692 | ||||||
La-Z-Boy, Inc. ‡ | 65,400 | 986 | ||||||
Ryland Group, Inc. ^ | 54,400 | 1,225 | ||||||
Household Products—0.6% |
| |||||||
Spectrum Brands Holdings, Inc. ‡ | 110,400 | 3,810 | ||||||
Industrial Conglomerates—0.4% |
| |||||||
Carlisle Cos., Inc. | 55,000 | 3,028 | ||||||
Insurance—6.0% |
| |||||||
Alleghany Corp. ‡ | 9,000 | 3,086 | ||||||
Allstate Corp. | 218,000 | 7,266 | ||||||
Aspen Insurance Holdings, Ltd. ^ | 93,300 | 2,642 | ||||||
Lincoln National Corp. | 424,700 | 10,520 | ||||||
Marsh & McLennan Cos., Inc. | 91,825 | 3,072 | ||||||
Selective Insurance Group, Inc. | 265,800 | 4,649 | ||||||
United Fire Group, Inc. | 256,643 | 4,419 | ||||||
Validus Holdings, Ltd. | 163,900 | 5,327 | ||||||
Internet Software & Services—2.3% |
| |||||||
AOL, Inc. ‡^ | 114,000 | 2,855 | ||||||
IAC/InterActiveCorp | 40,000 | 1,926 | ||||||
InfoSpace, Inc. ‡^ | 56,600 | 630 | ||||||
ValueClick, Inc. ‡ | 386,066 | 8,176 | ||||||
XO Group, Inc. ‡ | 226,000 | 2,095 | ||||||
IT Services—0.3% |
| |||||||
Global Payments, Inc. | 41,000 | 1,904 | ||||||
Leisure Equipment & Products—0.7% | ||||||||
Arctic Cat, Inc. ‡^ | 46,500 | 2,057 | ||||||
LeapFrog Enterprises, Inc.—Class A ‡^ | 305,500 | 2,854 | ||||||
Life Sciences Tools & Services—1.4% |
| |||||||
Agilent Technologies, Inc. | 88,400 | 3,728 | ||||||
Charles River Laboratories International, Inc. ‡ | 85,275 | 3,030 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 55 |
Transamerica Small/Mid Cap Value
(formerly Transamerica Systematic Small/Mid Cap Value)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Shares | Value (000’s) | |||||||
Life Sciences Tools & Services (continued) |
| |||||||
PerkinElmer, Inc. | 97,600 | $ | 2,694 | |||||
Machinery—5.9% |
| |||||||
AGCO Corp. ‡ | 48,900 | 2,277 | ||||||
Altra Holdings, Inc. ‡^ | 158,500 | 2,897 | ||||||
CIRCOR International, Inc. | 62,000 | 1,929 | ||||||
Columbus McKinnon Corp. ‡ | 113,000 | 1,676 | ||||||
Crane Co. | 27,900 | 1,231 | ||||||
Eaton Corp. | 113,000 | 5,444 | ||||||
Harsco Corp. | 3,500 | 78 | ||||||
Kennametal, Inc. | 38,200 | 1,613 | ||||||
Mueller Industries, Inc. | 62,000 | 2,834 | ||||||
NN, Inc. ‡^ | 191,700 | 1,516 | ||||||
Sauer-Danfoss, Inc. | 48,300 | 2,092 | ||||||
Snap-on, Inc. | 22,500 | 1,407 | ||||||
Stanley Black & Decker, Inc. | 39,750 | 2,908 | ||||||
Timken Co. | 164,550 | 9,300 | ||||||
Wabash National Corp. ‡ | 161,600 | 1,353 | ||||||
Woodward, Inc. | 54,000 | 2,246 | ||||||
Media—1.0% |
| |||||||
CBS Corp.—Class B | 114,800 | 3,829 | ||||||
Madison Square Garden Co. ‡ | 28,000 | 1,007 | ||||||
Scripps Networks Interactive, Inc.—Class A | 43,750 | 2,197 | ||||||
Metals & Mining—1.0% |
| |||||||
Noranda Aluminum Holding Corp. | 128,600 | 1,366 | ||||||
Nucor Corp. | 132,725 | 5,204 | ||||||
Multiline Retail—1.3% |
| |||||||
Macy’s, Inc. | 210,275 | 8,625 | ||||||
Multi-Utilities—3.5% |
| |||||||
CMS Energy Corp. | 402,400 | 9,251 | ||||||
NiSource, Inc. ^ | 419,600 | 10,344 | ||||||
NorthWestern Corp. | 135,000 | 4,795 | ||||||
Oil, Gas & Consumable Fuels—3.7% |
| |||||||
Energen Corp. | 180,150 | 9,436 | ||||||
HollyFrontier Corp. | 214,175 | 6,601 | ||||||
SM Energy Co. | 34,000 | 2,248 | ||||||
Spectra Energy Corp. | 94,700 | 2,911 | ||||||
W&T Offshore, Inc. ^ | 107,575 | 2,127 | ||||||
Western Refining, Inc. | 93,600 | 1,783 | ||||||
Paper & Forest Products—1.4% |
| |||||||
Domtar Corp. | 19,000 | 1,662 | ||||||
MeadWestvaco Corp. | 187,800 | 5,976 | ||||||
P.H. Glatfelter Co. | 128,500 | 2,002 | ||||||
Personal Products—0.7% |
| |||||||
Herbalife, Ltd. | 65,275 | 4,590 | ||||||
Pharmaceuticals—0.6% |
| |||||||
Impax Laboratories, Inc. ‡^ | 55,100 | 1,357 | ||||||
Nektar Therapeutics ‡^ | 338,933 | 2,583 | ||||||
Professional Services—0.6% |
| |||||||
FTI Consulting, Inc. ‡ | 15,100 | 549 | ||||||
On Assignment, Inc. ‡ | 182,000 | 3,405 | ||||||
Real Estate Investment Trusts—7.9% |
| |||||||
American Capital Agency Corp. | 89,075 | 2,783 | ||||||
BioMed Realty Trust, Inc. ^ | 361,475 | 7,164 | ||||||
Brandywine Realty Trust ^ | 908,800 | 10,779 | ||||||
CBL & Associates Properties, Inc. ^ | 264,925 | 4,936 | ||||||
DiamondRock Hospitality Co. | 368,700 | 3,919 | ||||||
DuPont Fabros Technology, Inc. ^ | 83,000 | 2,253 | ||||||
Equity One, Inc. ^ | 128,000 | 2,660 | ||||||
Excel Trust, Inc. ^ | 244,119 | 2,927 | ||||||
Home Properties, Inc. | 122,325 | 7,468 | ||||||
Kilroy Realty Corp. ^ | 68,325 | 3,242 | ||||||
National Retail Properties, Inc. | 90,000 | 2,464 | ||||||
Realty Income Corp. ^ | 18,000 | 708 | ||||||
Weingarten Realty Investors ^ | 88,800 | 2,359 | ||||||
Road & Rail—1.6% |
| |||||||
Arkansas Best Corp. ^ | 57,100 | 876 | ||||||
Hertz Global Holdings, Inc. ‡ | 415,200 | 6,398 | ||||||
Ryder System, Inc. | 81,200 | 3,956 |
Shares | Value (000’s) | |||||||
Semiconductors & Semiconductor Equipment—3.8% |
| |||||||
Applied Micro Circuits Corp. ‡^ | 233,000 | $ | 1,300 | |||||
Brooks Automation, Inc. | 228,000 | 2,681 | ||||||
Cirrus Logic, Inc. ‡^ | 84,700 | 2,319 | ||||||
COHU, Inc. | 35,900 | 394 | ||||||
Entegris, Inc. ‡ | 273,000 | 2,416 | ||||||
LAM Research Corp. ‡ | 102,925 | 4,288 | ||||||
LTX-Credence Corp. ‡ | 410,500 | 2,832 | ||||||
MKS Instruments, Inc. | 49,300 | 1,363 | ||||||
Skyworks Solutions, Inc. ‡ | 149,300 | 4,053 | ||||||
TriQuint Semiconductor, Inc. ‡^ | 498,194 | 2,431 | ||||||
Veeco Instruments, Inc. ‡^ | 64,600 | 1,950 | ||||||
Software—1.8% |
| |||||||
Cadence Design Systems, Inc. ‡^ | 611,925 | 7,141 | ||||||
Progress Software Corp. ‡^ | 123,200 | 2,851 | ||||||
Websense, Inc. ‡^ | 112,300 | 2,329 | ||||||
Specialty Retail—6.8% |
| |||||||
Abercrombie & Fitch Co.—Class A | 43,200 | 2,167 | ||||||
Aeropostale, Inc. ‡ | 65,200 | 1,446 | ||||||
American Eagle Outfitters, Inc. | 160,000 | 2,882 | ||||||
Ann, Inc. ‡ | 104,401 | 2,891 | ||||||
Children’s Place Retail Stores, Inc. ‡^ | 35,000 | 1,609 | ||||||
Express, Inc. ‡ | 284,800 | 6,727 | ||||||
Finish Line, Inc.—Class A ^ | 225,000 | 5,009 | ||||||
Foot Locker, Inc. | 344,100 | 10,525 | ||||||
GNC Holdings, Inc.—Class A | 129,100 | 5,043 | ||||||
Pier 1 Imports, Inc. ^ | 251,450 | 4,320 | ||||||
Signet Jewelers, Ltd. ^ | 70,700 | 3,448 | ||||||
Talbots, Inc. ‡^ | 175,000 | 518 | ||||||
Textiles, Apparel & Luxury Goods—1.3% |
| |||||||
G-III Apparel Group, Ltd. ‡^ | 54,500 | 1,463 | ||||||
Oxford Industries, Inc. ^ | 34,300 | 1,646 | ||||||
PVH Corp. | 36,950 | 3,282 | ||||||
Steven Madden, Ltd. ‡ | 53,700 | 2,320 | ||||||
Thrifts & Mortgage Finance—2.9% |
| |||||||
Berkshire Hills Bancorp, Inc. ^ | 130,331 | 2,957 | ||||||
Brookline Bancorp, Inc. | 178,000 | 1,598 | ||||||
Dime Community Bancshares, Inc. ^ | 100,000 | 1,386 | ||||||
Northwest Bancshares, Inc. ^ | 137,000 | 1,688 | ||||||
Oritani Financial Corp. ^ | 71,000 | 1,052 | ||||||
Provident Financial Services, Inc. ^ | 134,000 | 1,970 | ||||||
Provident New York Bancorp ^ | 282,100 | 2,381 | ||||||
TrustCo Bank Corp. NY ^ | 225,000 | 1,231 | ||||||
United Financial Bancorp, Inc. ^ | 80,685 | 1,294 | ||||||
ViewPoint Financial Group, Inc. ^ | 46,300 | 737 | ||||||
Washington Federal, Inc. | 222,500 | 3,903 | ||||||
Tobacco—0.4% |
| |||||||
Lorillard, Inc. | 20,475 | 2,770 | ||||||
Trading Companies & Distributors—0.4% |
| |||||||
United Rentals, Inc. ‡^ | 63,650 | 2,971 | ||||||
Water Utilities—0.8% |
| |||||||
American Water Works Co., Inc. | 152,100 | 5,208 | ||||||
|
| |||||||
Total Common Stocks (cost $618,869) |
| 665,171 | ||||||
|
| |||||||
SECURITIES LENDING COLLATERAL—13.0% |
| |||||||
State Street Navigator Securities Lending Trust—Prime Portfolio, 0.29% p | 89,549,501 | 89,550 | ||||||
Total Securities Lending Collateral ( cost $89,550) |
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 56 |
Transamerica Small/Mid Cap Value
(formerly Transamerica Systematic Small/Mid Cap Value)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Principal (000’s) | Value (000’s) | |||||||
REPURCHASE AGREEMENT—2.5% |
| |||||||
State Street Bank & Trust Co. 0.03% p, dated 04/30/2012, to be repurchased at $17,391 on 05/01/2012. Collateralized by a U.S. Government Agency Obligation, 3.00%, due 12/01/2026, and with a value of $17,744. | $ | 17,391 | $ | 17,391 | ||||
Total Repurchase Agreement (cost $17,391) |
| |||||||
|
| |||||||
Total Investment Securities (cost $725,810) P | 772,112 | |||||||
Other Assets and Liabilities—Net | (84,885 | ) | ||||||
|
| |||||||
Net Assets | $ | 687,227 | ||||||
|
|
NOTES TO SCHEDULE OF INVESTMENTS (all amounts in thousands):
^ | All or a portion of this security is on loan. The value of all securities on loan is $85,573. |
‡ | Non-income producing security. |
p | Rate shown reflects the yield at 04/30/2012. |
P | Aggregate cost for federal income tax purposes is $725,810. Aggregate gross unrealized appreciation/depreciation for all securities in which there is an excess of value over tax cost were $71,674 and $25,372, respectively. Net unrealized appreciation for tax purposes is $46,302. |
VALUATION SUMMARY (all amounts in thousands): '
Investment Securities | Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Value at 04/30/2012 | ||||||||||||
Common Stocks | $ | 665,171 | $ | — | $ | — | $ | 665,171 | ||||||||
Repurchase Agreement | — | 17,391 | — | 17,391 | ||||||||||||
Securities Lending Collateral | 89,550 | — | — | 89,550 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total | $ | 754,721 | $ | 17,391 | $ | — | $ | 772,112 | ||||||||
|
|
|
|
|
|
|
|
' | See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 57 |
Transamerica Tactical Income
SCHEDULE OF INVESTMENTS
At April 30, 2012
(unaudited)
Shares | Value (000’s) | |||||||
INVESTMENT COMPANIES—94.1% |
| |||||||
Capital Markets—86.1% |
| |||||||
Guggenheim BulletShares 2015 High Yield Corporate Bond ETF | 298,070 | $ | 7,756 | |||||
iShares Barclays 20+ Year Treasury Bond Fund | 54,602 | 6,406 | ||||||
iShares iBoxx $ High Yield Corporate Bond Fund | 98,660 | 8,998 | ||||||
iShares iBoxx Investment Grade Corporate Bond Fund | 89,357 | 10,408 | ||||||
iShares JPMorgan USD Emerging Markets Bond Fund | 94,283 | 10,774 | ||||||
iShares S&P U.S. Preferred Stock Index Fund | 360,495 | 14,038 | ||||||
ProShares UltraShort 20+ Year Treasury | 67,453 | 1,249 | ||||||
ProShares VIX Mid-Term Futures ETF | 54,255 | 3,022 | ||||||
SPDR Barclays Capital High Yield Bond ETF | 987,473 | 39,232 | ||||||
SPDR Barclays Capital Long Term Corporate Bond ETF | 185,102 | 7,280 | ||||||
SPDR Barclays Capital TIPS ETF | 54,880 | 3,265 | ||||||
SPDR Dow Jones International Real Estate ETF | 230,379 | 8,616 | ||||||
SPDR S&P International Dividend ETF | 277,632 | 13,446 | ||||||
SPDR Wells Fargo Preferred Stock ETF | 315,292 | 14,213 | ||||||
Vanguard Extended Duration Treasury ETF | 31,749 | 3,654 | ||||||
Vanguard Intermediate-Term Bond ETF | 158,635 | 13,942 | ||||||
Vanguard Long-Term Bond ETF | 99,180 | 9,074 | ||||||
Vanguard REIT ETF | 55,253 | 3,617 | ||||||
Growth—Large Cap—3.3% |
| |||||||
Vanguard Growth ETF | 95,580 | 6,763 | ||||||
Value—Large Cap—4.7% |
| |||||||
Vanguard Value ETF | 169,330 | 9,674 | ||||||
|
| |||||||
Total Investment Companies (cost $193,788) |
| 195,427 | ||||||
|
|
Principal (000’s) | Value (000’s) | |||||||
REPURCHASE AGREEMENT—4.2% |
| |||||||
State Street Bank & Trust Co. 0.03% p, dated 04/30/2012, to be repurchased at $8,768 on 05/01/2012. Collateralized by a U.S. Government Agency Obligation, 3.00%, due 12/01/2026, and with a value of $8,946. | $ | 8,768 | $ | 8,768 | ||||
Total Repurchase Agreement (cost $8,768) |
| |||||||
|
| |||||||
Total Investment Securities (cost $202,556) P | 204,195 | |||||||
Other Assets and Liabilities—Net | 3,517 | |||||||
|
| |||||||
Net Assets | $ | 207,712 | ||||||
|
|
NOTES TO SCHEDULE OF INVESTMENTS (all amounts in thousands):
p | Rate shown reflects the yield at 04/30/2012. |
P | Aggregate cost for federal income tax purposes is $202,556. Aggregate gross unrealized appreciation/depreciation for all securities in which there is an excess of value over tax cost were $2,319 and $680, respectively. Net unrealized appreciation for tax purposes is $1,639. |
DEFINITION:
ETF | Exchange-Traded Fund |
VALUATION SUMMARY (all amounts in thousands): '
Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Value at 04/30/2012 | |||||||||||||
Investment Companies | $ | 195,427 | $ | — | $ | — | $ | 195,427 | ||||||||
Repurchase Agreement | — | 8,768 | — | 8,768 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total | $ | 195,427 | $ | 8,768 | $ | — | $ | 204,195 | ||||||||
|
|
|
|
|
|
|
|
' | See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 58 |
STATEMENTS OF ASSETS AND LIABILITIES
At April 30, 2012
(all amounts except per share amounts in thousands)
(unaudited)
Transamerica Capital Growth | Transamerica Diversified Equity | Transamerica Emerging Markets Debt | Transamerica Emerging Markets Equity | Transamerica Flexible Income | Transamerica Growth Opportunities | |||||||||||||||||||
Assets: | ||||||||||||||||||||||||
Investment securities, at value | $ | 857,520 | $ | 1,714,435 | $ | 140,848 | $ | — | $ | 294,649 | $ | 819,508 | ||||||||||||
Repurchase agreement, at value | 36,509 | 237 | 2,531 | — | 14,080 | 4,109 | ||||||||||||||||||
Foreign currency, at value | 128 | — | 328 | — | — | — | ||||||||||||||||||
Receivables: | ||||||||||||||||||||||||
Investment securities sold | — | 29,175 | 3,641 | — | 5 | 30 | ||||||||||||||||||
Shares of beneficial interest sold | 1,849 | 169 | 883 | 20,750 | 663 | 165 | ||||||||||||||||||
Interest | — | (A) | — | (A) | 2,154 | — | 3,879 | — | (A) | |||||||||||||||
Securities lending income (net) | 287 | 235 | 6 | — | 15 | 333 | ||||||||||||||||||
Dividends | 194 | 983 | — | — | 138 | 85 | ||||||||||||||||||
Dividend reclaims | — | 534 | — | — | — | 69 | ||||||||||||||||||
Other | — | — | — | — | 52 | 382 | ||||||||||||||||||
Prepaid expenses | 2 | 3 | — | (A) | — | — | (A) | 1 | ||||||||||||||||
Unrealized appreciation on forward foreign currency contracts | — | — | 48 | — | — | — | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
$ | 896,489 | $ | 1,745,771 | $ | 150,439 | $ | 20,750 | $ | 313,481 | $ | 824,682 | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Liabilities: | ||||||||||||||||||||||||
Accounts payable and accrued liabilities: | ||||||||||||||||||||||||
Investment securities purchased | — | 9,998 | 3,839 | — | — | — | ||||||||||||||||||
Shares of beneficial interest redeemed | 6,366 | 18,649 | 62 | — | 824 | 250 | ||||||||||||||||||
Management and advisory fees | 530 | 1,292 | 59 | — | 110 | 517 | ||||||||||||||||||
Distribution and service fees | 38 | 182 | 10 | — | 71 | 46 | ||||||||||||||||||
Trustees fees | 3 | 7 | 1 | — | 1 | 3 | ||||||||||||||||||
Transfer agent fees | 55 | 166 | 2 | — | 13 | 78 | ||||||||||||||||||
Administration fees | 17 | 35 | 2 | — | 6 | 14 | ||||||||||||||||||
Due to advisor | — | — | 34 | — | — | — | ||||||||||||||||||
Other | 54 | 300 | 32 | — | 45 | 101 | ||||||||||||||||||
Collateral for securities on loan | 103,625 | 73,108 | 28,672 | — | 32,662 | 147,535 | ||||||||||||||||||
Unrealized depreciation on forward foreign currency contracts | — | — | 123 | — | — | — | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
110,688 | 103,737 | 32,836 | — | 33,732 | 148,544 | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets | $ | 785,801 | $ | 1,642,034 | $ | 117,603 | $ | 20,750 | $ | 279,749 | $ | 676,138 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets consist of: | ||||||||||||||||||||||||
Shares of beneficial interest, unlimited shares authorized, no par value | $ | 686,449 | $ | 1,316,399 | $ | 110,156 | $ | 20,750 | $ | 345,993 | $ | 603,287 | ||||||||||||
Undistributed (accumulated) net investment income (loss) | 359 | 925 | 1,008 | — | 788 | 373 | ||||||||||||||||||
Undistributed (accumulated) net realized gain (loss) from investments | 392 | (33,778 | ) | 2,613 | — | (80,106 | ) | 337 | ||||||||||||||||
Net unrealized appreciation (depreciation) on: | ||||||||||||||||||||||||
Investment securities | 98,602 | 358,347 | 3,893 | — | 13,076 | 72,141 | ||||||||||||||||||
Translation of assets and liabilities denominated in foreign currencies | (1 | ) | 141 | (67 | ) | — | (2 | ) | — | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets | $ | 785,801 | $ | 1,642,034 | $ | 117,603 | $ | 20,750 | $ | 279,749 | $ | 676,138 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets by class: | ||||||||||||||||||||||||
Class A | $ | 68,903 | $ | 466,036 | $ | 23,945 | $ | 250 | $ | 71,736 | $ | 103,449 | ||||||||||||
Class B | 6,972 | 25,328 | 6,514 | 7,434 | ||||||||||||||||||||
Class C | 17,358 | 47,908 | 5,595 | 250 | 60,367 | 13,754 | ||||||||||||||||||
Class I | 86,450 | 362,864 | 6,724 | 250 | 27,851 | 107,823 | ||||||||||||||||||
Class I2 | 606,118 | 650,104 | 81,339 | 20,000 | 113,281 | 443,678 | ||||||||||||||||||
Class T | 89,794 | |||||||||||||||||||||||
Shares outstanding: | ||||||||||||||||||||||||
Class A | 4,168 | 33,226 | 2,254 | 25 | 7,890 | 11,523 | ||||||||||||||||||
Class B | 462 | 1,821 | 716 | 933 | ||||||||||||||||||||
Class C | 1,150 | 3,451 | 528 | 25 | 6,678 | 1,716 | ||||||||||||||||||
Class I | 5,154 | 25,588 | 632 | 25 | 3,059 | 11,407 | ||||||||||||||||||
Class I2 | 52,249 | 45,907 | 7,645 | 2,000 | 12,434 | 46,613 | ||||||||||||||||||
Class T | 3,002 | |||||||||||||||||||||||
Net asset value per share: | ||||||||||||||||||||||||
Class A | $ | 16.53 | $ | 14.03 | $ | 10.62 | $ | 10.00 | $ | 9.09 | $ | 8.98 | ||||||||||||
Class B | 15.11 | 13.91 | 9.09 | 7.97 | ||||||||||||||||||||
Class C | 15.09 | 13.88 | 10.60 | 10.00 | 9.04 | 8.01 | ||||||||||||||||||
Class I | 16.77 | 14.18 | 10.64 | 10.00 | 9.10 | 9.45 | ||||||||||||||||||
Class I2 | 11.60 | 14.16 | 10.64 | 10.00 | 9.11 | 9.52 | ||||||||||||||||||
Class T | 29.91 | |||||||||||||||||||||||
Maximum offering price per share (B) | ||||||||||||||||||||||||
Class A | $ | 17.49 | $ | 14.85 | $ | 11.15 | $ | 10.58 | $ | 9.54 | $ | 9.50 | ||||||||||||
Class T | 32.69 | |||||||||||||||||||||||
Investment securities, at cost | $ | 758,918 | $ | 1,356,088 | $ | 136,955 | $ | — | $ | 281,573 | $ | 747,367 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Repurchase agreement, at cost | $ | 36,509 | $ | 237 | $ | 2,531 | $ | — | $ | 14,080 | $ | 4,109 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Foreign currency, at cost | $ | 130 | $ | — | $ | 327 | $ | — | $ | — | $ | — | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Securities loaned, at value | $ | 100,975 | $ | 71,487 | $ | 28,081 | $ | — | $ | 31,987 | $ | 143,641 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 59 |
STATEMENTS OF ASSETS AND LIABILITIES (continued)
At April 30, 2012
(all amounts except per share amounts in thousands)
(unaudited)
Transamerica High Yield Bond | Transamerica International Bond | Transamerica International Equity | Transamerica Large Cap Growth | Transamerica Money Market | Transamerica Multi-Managed Balanced | |||||||||||||||||||
Assets: | ||||||||||||||||||||||||
Investment securities, at value | $ | 725,892 | $ | 212,404 | $ | 202,995 | $ | — | $ | 183,082 | $ | 439,514 | ||||||||||||
Repurchase agreements, at value | 31,955 | 390 | 7,606 | — | 44,772 | 2,508 | ||||||||||||||||||
Cash on deposit with broker | — | 1,067 | — | — | — | 73 | ||||||||||||||||||
Foreign currency, at value | — | 4,129 | 139 | — | — | 7 | ||||||||||||||||||
Receivables: | ||||||||||||||||||||||||
Investment securities sold | 1,683 | 2,079 | 749 | — | — | 47,298 | ||||||||||||||||||
Shares of beneficial interest sold | 2,096 | 8 | 1 | 40,750 | 423 | 657 | ||||||||||||||||||
Interest | 11,968 | 2,822 | — | (A) | — | 11 | 1,020 | |||||||||||||||||
Securities lending income (net) | 73 | — | 11 | — | — | 15 | ||||||||||||||||||
Dividends | 184 | — | 828 | — | — | 212 | ||||||||||||||||||
Dividend reclaims | — | — | 187 | — | — | — | ||||||||||||||||||
Money market waiver | — | — | — | — | 60 | — | ||||||||||||||||||
Due from advisor | — | — | — | — | 27 | — | ||||||||||||||||||
Variation margin | — | 32 | — | — | — | — | ||||||||||||||||||
Other | — | (A) | 28 | — | — | — | — | |||||||||||||||||
Prepaid expenses | 1 | — | (A) | — | (A) | — | — | (A) | — | (A) | ||||||||||||||
Unrealized appreciation on forward foreign currency contracts | — | 3,569 | — | — | — | — | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
$ | 773,852 | $ | 226,528 | $ | 212,516 | $ | 40,750 | $ | 228,375 | $ | 491,304 | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Liabilities: | ||||||||||||||||||||||||
Accounts payable and accrued liabilities: | ||||||||||||||||||||||||
Investment securities purchased | 5,098 | — | 237 | — | — | 51,417 | ||||||||||||||||||
Shares of beneficial interest redeemed | 971 | 19 | 15 | — | 400 | 157 | ||||||||||||||||||
Management and advisory fees | 332 | 83 | 126 | — | — | 225 | ||||||||||||||||||
Distribution and service fees | 118 | — | — | — | 138 | 79 | ||||||||||||||||||
Trustees fees | 4 | 3 | — | — | 1 | 2 | ||||||||||||||||||
Transfer agent fees | 47 | 1 | 11 | — | 75 | 71 | ||||||||||||||||||
Administration fees | 14 | 5 | 4 | — | 4 | 8 | ||||||||||||||||||
Due to advisor | 32 | — | — | — | — | 92 | ||||||||||||||||||
Distribution payable | — | — | — | — | 2 | — | ||||||||||||||||||
Variation margin | — | — | — | — | — | 15 | ||||||||||||||||||
Capital gains tax | — | — | 69 | — | — | — | ||||||||||||||||||
Other | 92 | 39 | 40 | — | 38 | 69 | ||||||||||||||||||
Collateral for securities on loan | 115,330 | — | 22,895 | — | — | 65,545 | ||||||||||||||||||
Written options and swaptions, at value | — | — | — | — | — | 1 | ||||||||||||||||||
Securities sold short, at value | — | — | — | — | — | 16,122 | ||||||||||||||||||
Unrealized depreciation on forward foreign currency contracts | — | 1,596 | — | — | — | 1 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
122,038 | 1,746 | 23,397 | — | 658 | 133,804 | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets | $ | 651,814 | $ | 224,782 | $ | 189,119 | $ | 40,750 | $ | 227,717 | $ | 357,500 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets consist of: | ||||||||||||||||||||||||
Shares of beneficial interest, unlimited shares authorized, no par value | $ | 650,646 | $ | 226,724 | $ | 186,518 | $ | 40,750 | $ | 227,717 | $ | 324,076 | ||||||||||||
Undistributed (accumulated) net investment income (loss) | 2,223 | (4,054 | ) | 1,693 | — | — | 225 | |||||||||||||||||
Undistributed (accumulated) net realized gain (loss) from investments | (12,476 | ) | (6,086 | ) | (2,411 | ) | — | — | (1,570 | ) | ||||||||||||||
Net unrealized appreciation (depreciation) on: | ||||||||||||||||||||||||
Investment securities | 11,421 | 6,258 | 3,378 | — | — | 34,946 | ||||||||||||||||||
Futures contracts | — | — | — | — | — | (77 | ) | |||||||||||||||||
Written option and swaption contracts | — | — | — | — | — | 3 | ||||||||||||||||||
Translation of assets and liabilities denominated in foreign currencies | — | 1,940 | (59 | ) | — | — | (1 | ) | ||||||||||||||||
Securities sold short | — | — | — | — | — | (102 | ) | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets | $ | 651,814 | $ | 224,782 | $ | 189,119 | $ | 40,750 | $ | 227,717 | $ | 357,500 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 60 |
STATEMENTS OF ASSETS AND LIABILITIES (continued)
At April 30, 2012
(all amounts except per share amounts in thousands)
(unaudited)
Transamerica High Yield Bond | Transamerica International Bond | Transamerica International Equity | Transamerica Large Cap Growth | Transamerica Money Market | Transamerica Multi-Managed Balanced | |||||||||||||||||||
Net assets by class: | ||||||||||||||||||||||||
Class A | $ | 230,473 | $ | 111 | $ | 795 | $ | 250 | $ | 99,497 | $ | 120,253 | ||||||||||||
Class B | 9,293 | 11,564 | 9,441 | |||||||||||||||||||||
Class C | 63,378 | 141 | 506 | 250 | 29,782 | 50,153 | ||||||||||||||||||
Class I | 72,698 | 101 | 82,207 | 250 | 26,382 | 177,653 | ||||||||||||||||||
Class I2 | 275,972 | 224,429 | 105,611 | 40,000 | 60,492 | |||||||||||||||||||
Shares outstanding: | ||||||||||||||||||||||||
Class A | 24,737 | 11 | 57 | 25 | 99,497 | 5,532 | ||||||||||||||||||
Class B | 997 | 11,564 | 437 | |||||||||||||||||||||
Class C | 6,827 | 14 | 36 | 25 | 29,778 | 2,338 | ||||||||||||||||||
Class I | 7,756 | 10 | 5,845 | 25 | 26,382 | 8,145 | ||||||||||||||||||
Class I2 | 29,388 | 21,682 | 7,510 | 4,000 | 60,492 | |||||||||||||||||||
Net asset value per share: | ||||||||||||||||||||||||
Class A | $ | 9.32 | $ | 10.35 | $ | 14.02 | $ | 10.00 | $ | 1.00 | $ | 21.74 | ||||||||||||
Class B | 9.32 | 1.00 | 21.60 | |||||||||||||||||||||
Class C | 9.28 | 10.34 | 13.95 | 10.00 | 1.00 | 21.45 | ||||||||||||||||||
Class I | 9.37 | 10.35 | 14.06 | 10.00 | 1.00 | 21.81 | ||||||||||||||||||
Class I2 | 9.39 | 10.35 | 14.06 | 10.00 | 1.00 | |||||||||||||||||||
Maximum offering price per share (B) | ||||||||||||||||||||||||
Class A | $ | 9.78 | $ | 10.87 | $ | 14.84 | $ | 10.58 | $ | 1.00 | $ | 23.01 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Investment securities, at cost | $ | 714,471 | $ | 206,146 | $ | 199,617 | $ | — | $ | 183,082 | $ | 404,568 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Repurchase agreement, at cost | $ | 31,955 | $ | 390 | $ | 7,606 | $ | — | $ | 44,772 | $ | 2,508 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Foreign currency, at cost | $ | — | $ | 4,554 | $ | 139 | $ | — | $ | — | $ | 7 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Securities loaned, at value | $ | 112,968 | $ | — | $ | 21,909 | $ | — | $ | — | $ | 64,113 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Premium received on written option & swaption contracts | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 4 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Proceeds received from securities sold short | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 16,020 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 61 |
STATEMENTS OF ASSETS AND LIABILITIES (continued)
At April 30, 2012
(all amounts except per share amounts in thousands)
(unaudited)
Transamerica Quality Value | Transamerica Short-Term Bond | Transamerica Small Cap Value | Transamerica Small/Mid Cap Value | Transamerica Tactical Income | ||||||||||||||||
Assets: | ||||||||||||||||||||
Investment securities, at value | $ | 1,687,573 | $ | 2,819,374 | $ | — | $ | 754,721 | $ | 195,427 | ||||||||||
Repurchase agreement, at value | 21,689 | 52,903 | — | 17,391 | 8,768 | |||||||||||||||
Cash | — | 225 | — | — | 1 | |||||||||||||||
Cash on deposit with broker | — | 900 | — | — | — | |||||||||||||||
Receivables: | ||||||||||||||||||||
Investment securities sold | 6,447 | 12 | — | 8,550 | — | |||||||||||||||
Shares of beneficial interest sold | 16 | 12,750 | 100,511 | 2,274 | 12,419 | |||||||||||||||
Interest | — | (A) | 28,400 | — | — | (A) | — | (A) | ||||||||||||
Securities lending income (net) | 6 | 51 | — | 22 | — | |||||||||||||||
Dividends | 2,356 | — | — | 412 | — | |||||||||||||||
Dividend reclaims | 80 | — | — | — | — | |||||||||||||||
Other | — | — | — | — | — | |||||||||||||||
Prepaid expenses | 3 | 2 | — | 1 | — | (A) | ||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
$ | 1,718,170 | $ | 2,914,617 | $ | 100,511 | $ | 783,371 | $ | 216,615 | |||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Liabilities: | ||||||||||||||||||||
Accounts payable and accrued liabilities: | ||||||||||||||||||||
Investment securities purchased | 8,353 | — | — | 4,754 | 8,482 | |||||||||||||||
Shares of beneficial interest redeemed | 431 | 4,789 | — | 908 | 285 | |||||||||||||||
Management and advisory fees | 974 | 1,113 | — | 452 | 38 | |||||||||||||||
Distribution and service fees | 2 | 862 | — | 282 | 49 | |||||||||||||||
Trustees fees | 8 | 17 | — | 3 | 1 | |||||||||||||||
Transfer agent fees | 13 | 80 | — | 74 | 7 | |||||||||||||||
Administration fees | 35 | 60 | — | 14 | 4 | |||||||||||||||
Distribution payable | — | 3,538 | — | — | — | |||||||||||||||
Other | 118 | 253 | — | 107 | 37 | |||||||||||||||
Collateral for securities on loan | 28,704 | 94,099 | — | 89,550 | — | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
38,638 | 104,811 | — | 96,144 | 8,903 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net assets | $ | 1,679,532 | $ | 2,809,806 | $ | 100,511 | $ | 687,227 | $ | 207,712 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net assets consist of: | ||||||||||||||||||||
Shares of beneficial interest, unlimited shares authorized, no par value | $ | 1,546,418 | $ | 2,766,691 | $ | 100,511 | $ | 654,364 | $ | 207,884 | ||||||||||
Undistributed (accumulated) net investment income (loss) | 2,952 | (3,988 | ) | — | 1,034 | (1,126 | ) | |||||||||||||
Undistributed (accumulated) net realized gain (loss) from investments | (16,391 | ) | 15,222 | — | (14,473 | ) | (685 | ) | ||||||||||||
Net unrealized appreciation (depreciation) on: | ||||||||||||||||||||
Investment securities | 146,553 | 31,911 | — | 46,302 | 1,639 | |||||||||||||||
Translation of assets and liabilities denominated in foreign currencies | — | (30 | ) | — | — | — | ||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net assets | $ | 1,679,532 | $ | 2,809,806 | $ | 100,511 | $ | 687,227 | $ | 207,712 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net assets by class: | ||||||||||||||||||||
Class A | $ | 1,829 | $ | 740,062 | $ | 250 | $ | 335,959 | $ | 68,686 | ||||||||||
Class B | 33,792 | |||||||||||||||||||
Class C | 1,847 | 833,814 | 250 | 202,235 | 55,150 | |||||||||||||||
Class I | 11,780 | 328,527 | 250 | 101,004 | 83,876 | |||||||||||||||
Class I2 | 1,664,076 | 907,403 | 99,761 | 14,237 | ||||||||||||||||
Shares outstanding: | ||||||||||||||||||||
Class A | 161 | 71,362 | 25 | 15,356 | 6,756 | |||||||||||||||
Class B | 1,638 | |||||||||||||||||||
Class C | 163 | 80,554 | 25 | 9,908 | 5,438 | |||||||||||||||
Class I | 1,037 | 32,232 | 25 | 4,519 | 8,246 | |||||||||||||||
Class I2 | 146,511 | 89,080 | 9,976 | 636 | ||||||||||||||||
Net asset value per share: | ||||||||||||||||||||
Class A | $ | 11.34 | $ | 10.37 | $ | 10.00 | $ | 21.88 | $ | 10.17 | ||||||||||
Class B | 20.64 | |||||||||||||||||||
Class C | 11.31 | 10.35 | 10.00 | 20.41 | 10.14 | |||||||||||||||
Class I | 11.35 | 10.19 | 10.00 | 22.35 | 10.17 | |||||||||||||||
Class I2 | 11.36 | 10.19 | 10.00 | 22.37 | ||||||||||||||||
Maximum offering price per share (B) | ||||||||||||||||||||
Class A | $ | 12.00 | $ | 10.64 | $ | 10.58 | $ | 23.15 | $ | 10.68 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Investment securities, at cost | $ | 1,541,020 | $ | 2,787,463 | $ | — | $ | 708,419 | $ | 193,788 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Repurchase agreement, at cost | $ | 21,689 | $ | 52,903 | $ | — | $ | 17,391 | $ | 8,768 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Securities loaned, at value | $ | 28,023 | $ | 92,151 | $ | — | $ | 85,573 | $ | — | ||||||||||
|
|
|
|
|
|
|
|
|
|
(A) | Rounds to less than $1. |
(B) | Includes the maximum selling commission (represented as a percentage of offering price) which is reduced on certain levels of sales as set forth in the Prospectus. Net asset value per share for Classes B, C, I, and I2 shares represents offering price. The redemption price for Classes B and C shares equals net asset value less any applicable contingent deferred sales charge. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 62 |
STATEMENTS OF OPERATIONS
For the period ended April 30, 2012
(all amounts in thousands)
(unaudited)
Transamerica Capital Growth | Transamerica Diversified Equity | Transamerica Emerging Markets Debt | Transamerica Emerging Markets Equity(B) | Transamerica Flexible Income | ||||||||||||||||
Investment income: | ||||||||||||||||||||
Dividend income | $ | 2,095 | $ | 6,273 | $ | — | $ | — | $ | 346 | ||||||||||
Withholding taxes on foreign income | (33 | ) | (10 | ) | (65 | ) | — | (2 | ) | |||||||||||
Interest income | 6 | — | 4,170 | — | 7,704 | |||||||||||||||
Securities lending income (net) | 1,713 | 523 | 20 | — | 82 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
3,781 | 6,786 | 4,125 | — | 8,130 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Expenses: | ||||||||||||||||||||
Management and advisory | 2,647 | 3,686 | 334 | — | 614 | |||||||||||||||
Distribution and service: | ||||||||||||||||||||
Class A | 106 | 397 | 18 | — | 112 | |||||||||||||||
Class B | 36 | 71 | — | 33 | ||||||||||||||||
Class C | 81 | 142 | 16 | — | 270 | |||||||||||||||
Class P | 43 | 116 | — | — | ||||||||||||||||
Transfer agent: | ||||||||||||||||||||
Class A | 106 | 257 | 7 | — | 45 | |||||||||||||||
Class B | 20 | 19 | 9 | |||||||||||||||||
Class C | 19 | 37 | 2 | — | 22 | |||||||||||||||
Class I | 25 | 95 | 3 | — | 13 | |||||||||||||||
Class I2 | 20 | 17 | 4 | — | 4 | |||||||||||||||
Class P | 37 | 178 | ||||||||||||||||||
Class T | 53 | |||||||||||||||||||
Printing and shareholder reports | 17 | 20 | 6 | — | 11 | |||||||||||||||
Custody | 59 | 70 | 31 | — | 26 | |||||||||||||||
Administration | 76 | 117 | 12 | — | 28 | |||||||||||||||
Legal | 11 | 11 | 2 | — | 4 | |||||||||||||||
Audit and tax | 8 | 11 | 9 | �� | — | 10 | ||||||||||||||
Trustees | 5 | 7 | 1 | — | 2 | |||||||||||||||
Registration | 47 | 42 | 17 | — | 28 | |||||||||||||||
Other | 3 | 7 | 1 | — | 3 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total expenses | 3,366 | 5,353 | 463 | — | 1,234 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Fund expenses recaptured or (reimbursed)/(waived) | — | — | 35 | — | — | |||||||||||||||
Class expenses recaptured or (reimbursed)/(waived): | ||||||||||||||||||||
Class A | 11 | 249 | — | (A) | — | (28 | ) | |||||||||||||
Class B | (7 | ) | 10 | — | ||||||||||||||||
Class C | 4 | 20 | — | (A) | — | — | ||||||||||||||
Class I | — | 1 | — | (A) | — | — | ||||||||||||||
Class I2 | — | — | 1 | — | — | |||||||||||||||
Class P | 20 | (131 | ) | — | ||||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total expenses recaptured or (reimbursed)/(waived) | 28 | 149 | 36 | — | (28 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net expenses | 3,394 | 5,502 | 499 | — | 1,206 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net investment income | 387 | 1,284 | 3,626 | — | 6,924 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net realized gain (loss) on transactions from: | ||||||||||||||||||||
Investment securities | 398 | (9,177 | ) | 2,785 | — | 1,379 | ||||||||||||||
Foreign currency transactions | 11 | 1 | (55 | ) | — | (16 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net realized gain (loss) | 409 | (9,176 | ) | 2,730 | — | 1,363 | ||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net increase (decrease) in unrealized appreciation (depreciation) on: | ||||||||||||||||||||
Investment securities | 73,976 | 116,967 | 4,523 | — | 6,213 | |||||||||||||||
Translation of assets and liabilities denominated in foreign currencies | (30 | ) | 126 | (74 | ) | — | 8 | |||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net change in unrealized appreciation (depreciation) | 73,946 | 117,093 | 4,449 | — | 6,221 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net realized and change in unrealized gain: | 74,355 | 107,917 | 7,179 | — | 7,584 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net increase in net assets resulting from operations | $ | 74,742 | $ | 109,201 | $ | 10,805 | $ | — | $ | 14,508 | ||||||||||
|
|
|
|
|
|
|
|
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 63 |
STATEMENTS OF OPERATIONS (continued)
For the period ended April 30, 2012
(all amounts in thousands)
(unaudited)
Transamerica Growth Opportunities | Transamerica High Yield Bond | Transamerica International Bond | Transamerica International Equity | Transamerica Large Cap Growth(B) | ||||||||||||||||
Investment income: | ||||||||||||||||||||
Dividend income | $ | 1,753 | $ | 570 | $ | — | $ | 2,903 | $ | — | ||||||||||
Withholding taxes on foreign income | (40 | ) | — | (19 | ) | (247 | ) | — | ||||||||||||
Interest income | — | (A) | 26,852 | 4,273 | — | — | ||||||||||||||
Securities lending income (net) | 1,716 | 373 | — | 27 | — | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
3,429 | 27,795 | 4,254 | 2,683 | — | ||||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Expenses: | ||||||||||||||||||||
Management and advisory | 1,805 | 2,091 | 895 | 558 | — | |||||||||||||||
Distribution and service: | �� | |||||||||||||||||||
Class A | 170 | 360 | — | (A) | 1 | — | ||||||||||||||
Class B | 40 | 45 | — | — | — | |||||||||||||||
Class C | 69 | 273 | — | (A) | 2 | — | ||||||||||||||
Class P | 64 | 11 | — | — | — | |||||||||||||||
Transfer agent: | ||||||||||||||||||||
Class A | 196 | 103 | — | (A) | ||||||||||||||||
Class B | 21 | 8 | ||||||||||||||||||
Class C | 29 | 25 | — | (A) | ||||||||||||||||
Class I | 32 | 35 | — | (A) | 44 | |||||||||||||||
Class I2 | 9 | 14 | 13 | 2 | ||||||||||||||||
Class P | 73 | 6 | ||||||||||||||||||
Printing and shareholder reports | 18 | 29 | 4 | 5 | — | |||||||||||||||
Custody | 48 | 52 | 128 | 38 | — | |||||||||||||||
Administration | 52 | 78 | 36 | 15 | — | |||||||||||||||
Legal | 6 | 12 | 6 | 2 | — | |||||||||||||||
Audit and tax | 8 | 10 | 9 | 9 | — | |||||||||||||||
Trustees | 4 | 7 | 4 | 1 | — | |||||||||||||||
Registration | 54 | 61 | 50 | 36 | — | |||||||||||||||
Other | 3 | 6 | 3 | 1 | — | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total expenses | 2,701 | 3,226 | 1,148 | 714 | — | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Fund expenses recaptured or | — | 32 | (22 | ) | — | — | ||||||||||||||
Class expenses recaptured or | ||||||||||||||||||||
Class A | 84 | — | — | — | (A) | — | ||||||||||||||
Class B | 1 | — | — | — | — | |||||||||||||||
Class C | 1 | — | — | — | — | |||||||||||||||
Class I | — | — | — | (A) | — | — | ||||||||||||||
Class P | (2 | ) | (6 | ) | — | — | — | |||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total expenses recaptured or | 84 | 26 | (22 | ) | — | (A) | — | |||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net expenses | 2,785 | 3,252 | 1,126 | 714 | — | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net investment income | 644 | 24,543 | 3,128 | 1,969 | — | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net realized gain (loss) on transactions from: | ||||||||||||||||||||
Investment securities | 363 | 12,080 | (788 | ) | 373 | — | ||||||||||||||
Futures contracts | — | — | (553 | ) | — | — | ||||||||||||||
Foreign currency transactions | (26 | ) | — | (4,081 | ) | (65 | ) | — | ||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net realized gain (loss) | 337 | 12,080 | (5,422 | ) | 308 | — | ||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net increase (decrease) in unrealized appreciation (depreciation) on: | ||||||||||||||||||||
Investment securities | 25,294 | 15,207 | (3,037 | ) | 6,782 | — | ||||||||||||||
Futures contracts | — | — | (69 | ) | — | — | ||||||||||||||
Translation of assets and liabilities denominated in foreign currencies | — | — | 6,088 | (26 | ) | — | ||||||||||||||
Net change in unrealized appreciation (depreciation) | 25,294 | 15,207 | 2,982 | 6,756 | — | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net realized and change in unrealized gain (loss): | 25,631 | 27,287 | (2,440 | ) | 7,064 | — | ||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net increase in net assets resulting from operations | $ | 26,275 | $ | 51,830 | $ | 688 | $ | 9,033 | $ | — | ||||||||||
|
|
|
|
|
|
|
|
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 64 |
STATEMENTS OF OPERATIONS (continued)
For the period ended April 30, 2012
(all amounts in thousands)
(unaudited)
Transamerica Money Market | Transamerica Multi- Managed Balanced | Transamerica Quality Value | Transamerica Short-Term Bond | Transamerica Small Cap Value(B) | ||||||||||||||||
Investment income: | ||||||||||||||||||||
Dividend income | $ | — | $ | 2,217 | $ | 21,500 | $ | — | $ | — | ||||||||||
Withholding taxes on foreign income | — | 1 | (220 | ) | — | — | ||||||||||||||
Interest income | 264 | 2,428 | 6 | 59,276 | — | |||||||||||||||
Securities lending income (net) | — | 55 | 137 | 294 | — | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
264 | 4,701 | 21,423 | 59,570 | — | ||||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Expenses: | ||||||||||||||||||||
Management and advisory | 392 | 1,271 | 5,216 | 6,568 | — | |||||||||||||||
Distribution and service: | ||||||||||||||||||||
Class A | 175 | 186 | 2 | 1,250 | — | |||||||||||||||
Class B | 67 | 48 | — | — | — | |||||||||||||||
Class C | 167 | 216 | 9 | 4,168 | — | |||||||||||||||
Class P | — | 112 | — | — | — | |||||||||||||||
Transfer agent: | ||||||||||||||||||||
Class A | 192 | 150 | 1 | 203 | ||||||||||||||||
Class B | 24 | 24 | ||||||||||||||||||
Class C | 27 | 30 | 1 | 282 | ||||||||||||||||
Class I | 9 | 46 | 6 | 156 | ||||||||||||||||
Class I2 | 1 | 56 | 35 | |||||||||||||||||
Class P | 13 | 116 | ||||||||||||||||||
Printing and shareholder reports | 12 | 17 | 30 | 94 | — | |||||||||||||||
Custody | 25 | 63 | 65 | 157 | — | |||||||||||||||
Administration | 21 | 37 | 165 | 304 | — | |||||||||||||||
Legal | 3 | 6 | 24 | 47 | — | |||||||||||||||
Audit and tax | 8 | 10 | 9 | 10 | — | |||||||||||||||
Trustees | 2 | 3 | 13 | 26 | — | |||||||||||||||
Registration | 44 | 40 | 16 | 57 | — | |||||||||||||||
Other | 6 | 4 | 9 | 23 | — | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total expenses | 1,188 | 2,379 | 5,622 | 13,380 | — | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Fund expenses recaptured or | (294 | ) | 88 | — | — | — | ||||||||||||||
Class expenses recaptured or | ||||||||||||||||||||
Class A | (344 | ) | — | — | (313 | ) | — | |||||||||||||
Class B | (88 | ) | — | — | — | — | ||||||||||||||
Class C | (187 | ) | — | — | — | — | ||||||||||||||
Class I | (9 | ) | — | — | — | — | ||||||||||||||
Class I2 | (2 | ) | — | — | — | — | ||||||||||||||
Class P | (13 | ) | (116 | ) | — | — | — | |||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total expenses recaptured or | (937 | ) | (28 | ) | — | (313 | ) | — | ||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net expenses | 251 | 2,351 | 5,622 | 13,067 | — | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net investment income | 13 | 2,350 | 15,801 | 46,503 | — | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net realized gain (loss) on transactions from: | ||||||||||||||||||||
Investment securities | — | 3,245 | 727 | 15,338 | — | |||||||||||||||
Futures contracts | — | 696 | — | — | — | |||||||||||||||
Written option & swaption contracts | — | 33 | — | — | — | |||||||||||||||
Securities sold short | — | (71 | ) |
| — |
| — | — | ||||||||||||
Foreign currency transactions | — | (11 | ) | — | (38 | ) | — | |||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net realized gain (loss) | — | 3,892 | 727 | 15,300 | — | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net increase (decrease) in unrealized appreciation (depreciation) on: | ||||||||||||||||||||
Investment securities | — | 21,883 | 144,130 | 18,788 | — | |||||||||||||||
Futures contracts | — | (203 | ) | — | — | — | ||||||||||||||
Written option and swaption contracts | — | (28 | ) | — | — | — | ||||||||||||||
Translation of assets and liabilities denominated in foreign currencies | — | — | (A) | — | (6 | ) | — | |||||||||||||
Securities sold short | — | (44 | ) | — | — | — | ||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net change in unrealized appreciation (depreciation) | — | 21,608 | 144,130 | 18,782 | — | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net realized and change in unrealized gain: | — | 25,500 | 144,857 | 34,082 | — | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net increase in net assets resulting from operations | $ | 13 | $ | 27,850 | $ | 160,658 | $ | 80,585 | $ | — | ||||||||||
|
|
|
|
|
|
|
|
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 65 |
STATEMENTS OF OPERATIONS (continued)
For the period ended April 30, 2012
(all amounts in thousands)
(unaudited)
Transamerica Small/Mid Cap Value | Transamerica Tactical Income | |||||||
Investment income: | ||||||||
Dividend income | $ | 5,921 | $ | 1,092 | ||||
Withholding taxes on foreign income | (2 | ) | — | |||||
Interest income | 2 | 1 | ||||||
Interest income on securities sold short | — | — | ||||||
Securities lending income (net) | 124 | — | ||||||
|
|
|
| |||||
6,045 | 1,093 | |||||||
|
|
|
| |||||
Expenses: | ||||||||
Management and advisory | 2,534 | 133 | ||||||
Distribution and service: | ||||||||
Class A | 542 | 30 | ||||||
Class B | 167 | |||||||
Class C | 939 | 69 | ||||||
Transfer agent: | ||||||||
Class A | 358 | 3 | ||||||
Class B | 37 | |||||||
Class C | 156 | 3 | ||||||
Class I | 46 | 14 | ||||||
Class I2 | — | (A) | ||||||
Printing and shareholder reports | 40 | 42 | ||||||
Custody | 50 | 10 | ||||||
Administration | 70 | 7 | ||||||
Legal | 10 | 2 | ||||||
Audit and tax | 8 | 9 | ||||||
Trustees | 6 | 1 | ||||||
Registration | 42 | 57 | ||||||
Other | 6 | 2 | ||||||
|
|
|
| |||||
Total expenses | 5,011 | 382 | ||||||
|
|
|
| |||||
Fund expenses recaptured or (reimbursed)/(waived) | — | (74 | ) | |||||
Class expenses recaptured or (reimbursed)/(waived): | ||||||||
Class A | — | (9 | ) | |||||
Class C | — | (3 | ) | |||||
Class I | — | (13 | ) | |||||
|
|
|
| |||||
Total expenses recaptured or (reimbursed)/(waived) | — | (99 | ) | |||||
|
|
|
| |||||
Net expenses | 5,011 | 283 | ||||||
|
|
|
| |||||
Net investment income | 1,034 | 810 | ||||||
|
|
|
| |||||
Net realized gain (loss) on transactions from: | ||||||||
Investment securities | (12,374 | ) | (685 | ) | ||||
|
|
|
| |||||
Net realized gain (loss) | (12,374 | ) | (685 | ) | ||||
|
|
|
| |||||
Net increase (decrease) in unrealized appreciation (depreciation) on: | ||||||||
Investment securities | 86,124 | 1,639 | ||||||
|
|
|
| |||||
Net change in unrealized appreciation (depreciation) | 86,124 | 1,639 | ||||||
|
|
|
| |||||
Net realized and change in unrealized gain: | 73,750 | 954 | ||||||
|
|
|
| |||||
Net increase in net assets resulting from operations | $ | 74,784 | $ | 1,764 | ||||
|
|
|
|
(A) | Rounds to less than $1. |
(B) | Commenced operations on April 30, 2012. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 66 |
STATEMENTS OF CHANGES IN NET ASSETS
For the period and year ended:
(all amounts in thousands)
Transamerica Capital Growth | Transamerica Diversified Equity | Transamerica Emerging Markets Debt | ||||||||||||||||||||||
April 30, 2012 (unaudited) | October 31, 2011 | April 30, 2012 (unaudited) | October 31, 2011 | April 30, 2012 (unaudited) | October 31, 2011 | |||||||||||||||||||
From operations: | ||||||||||||||||||||||||
Net investment income (loss) | $ | 387 | $ | (1,376 | ) | $ | 1,284 | $ | 444 | $ | 3,626 | $ | 735 | |||||||||||
Net realized gain (loss)(A) | 409 | 39,569 | (9,176 | ) | 110,535 | 2,730 | 152 | |||||||||||||||||
Net change in unrealized appreciation (depreciation) | 73,946 | (10,620 | ) | 117,093 | (76,621 | ) | 4,449 | (623 | ) | |||||||||||||||
Net increase in net assets resulting from operations | 74,742 | 27,573 | 109,201 | 34,358 | 10,805 | 264 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net equalization credit and charges | — | (5,091 | ) | |||||||||||||||||||||
Distributions to shareholders: | ||||||||||||||||||||||||
From net investment income: | ||||||||||||||||||||||||
Class A | — | — | — | (914 | ) | (326 | ) | — | (B) | |||||||||||||||
Class B | — | — | — | (B) | (19 | ) | ||||||||||||||||||
Class C | — | (B) | — | — | (B) | (61 | ) | (88 | ) | — | (B) | |||||||||||||
Class I | (9 | ) | — | — | (7 | ) | (123 | ) | (1 | ) | ||||||||||||||
Class I2 | (19 | ) | — | (359 | ) | (6,482 | ) | (3,091 | ) | (41 | ) | |||||||||||||
Class P | — | — | — | (4,645 | ) | |||||||||||||||||||
Class T | — | |||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
(28 | ) | — | (359 | ) | (12,128 | ) | (3,628 | ) | (42 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
From net realized gains: | ||||||||||||||||||||||||
Class A | (1,847 | ) | — | (10,446 | ) | — | — | — | ||||||||||||||||
Class B | (232 | ) | — | (711 | ) | — | ||||||||||||||||||
Class C | (510 | ) | — | (1,806 | ) | — | — | — | ||||||||||||||||
Class I | (349 | ) | — | (145 | ) | — | — | — | ||||||||||||||||
Class I2 | (19,816 | ) | — | (36,688 | ) | — | — | — | ||||||||||||||||
Class P | (1,888 | ) | — | (23,251 | ) | — | ||||||||||||||||||
Class T | — | |||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
(24,642 | ) | — | (73,047 | ) | — | — | — | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total distributions to shareholders | (24,670 | ) | — | (73,406 | ) | (12,128 | ) | (3,628 | ) | (42 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Capital share transactions: | ||||||||||||||||||||||||
Proceeds from shares sold: | ||||||||||||||||||||||||
Class A | 8,245 | 23,000 | 4,248 | 2,457 | 21,444 | 2,312 | ||||||||||||||||||
Class B | 333 | 838 | 479 | 391 | ||||||||||||||||||||
Class C | 1,499 | 5,007 | 689 | 505 | 4,626 | 996 | ||||||||||||||||||
Class I | 23,162 | 12,513 | 162,693 | 1,072 | 5,127 | 2,018 | ||||||||||||||||||
Class I2 | 163,729 | 398,989 | 13,016 | 60,732 | 1,840 | 95,239 | ||||||||||||||||||
Class P | 4,374 | 11,925 | 1,547 | 49,683 | ||||||||||||||||||||
Class T | 171 | |||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
201,342 | 452,272 | 182,843 | 114,840 | 33,037 | 100,565 | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Issued from fund acquisition: | ||||||||||||||||||||||||
Class A | — | — | 387,425 | — | — | — | ||||||||||||||||||
Class B | — | — | 21,028 | — | ||||||||||||||||||||
Class C | — | — | 33,859 | — | — | — | ||||||||||||||||||
Class I | — | — | 174,606 | — | — | — | ||||||||||||||||||
Class I2 | — | — | 371,097 | — | — | — | ||||||||||||||||||
Class T | 89,251 | |||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
— | — | 1,077,266 | — | — | — | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Dividends and distributions reinvested: | ||||||||||||||||||||||||
Class A | 1,768 | — | 10,117 | 882 | 257 | — | (B) | |||||||||||||||||
Class B | 223 | — | 698 | 18 | ||||||||||||||||||||
Class C | 467 | — | 1,685 | 57 | 73 | — | (B) | |||||||||||||||||
Class I | 138 | — | 142 | 6 | 121 | 1 | ||||||||||||||||||
Class I2 | 19,835 | — | 37,047 | 6,482 | 3,091 | 41 | ||||||||||||||||||
Class P | 1,863 | — | 23,224 | 2,688 | ||||||||||||||||||||
Class T | — | |||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
24,294 | — | 72,913 | 10,133 | 3,542 | 42 | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Cost of shares redeemed: | ||||||||||||||||||||||||
Class A | (12,695 | ) | (13,729 | ) | (29,552 | ) | (14,152 | ) | (910 | ) | (117 | ) | ||||||||||||
Class B | (577 | ) | (1,726 | ) | (974 | ) | (1,115 | ) | — | |||||||||||||||
Class C | (1,935 | ) | (3,013 | ) | (2,698 | ) | (2,596 | ) | (367 | ) | — | (B) | ||||||||||||
Class I | (6,038 | ) | (1,164 | ) | (37,393 | ) | (314 | ) | (902 | ) | — | (B) | ||||||||||||
Class I2 | (23,249 | ) | (1,581 | ) | (74,510 | ) | (134,434 | ) | (24,543 | ) | (143 | ) | ||||||||||||
Class P | (21,302 | ) | (24,833 | ) | (142,181 | ) | (220,859 | ) | ||||||||||||||||
Class T | (3,356 | ) | ||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
(65,796 | ) | (46,046 | ) | (290,664 | ) | (373,470 | ) | (26,722 | ) | (260 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Automatic conversions: | ||||||||||||||||||||||||
Class A | 1,220 | 2,418 | 1,953 | 1,868 | — | — | ||||||||||||||||||
Class B | (1,220 | ) | (2,418 | ) | (1,953 | ) | (1,868 | ) | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
— | — | — | — | — | — | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Class level conversions: | ||||||||||||||||||||||||
Class I | 52,090 | — | 46,486 | — | — | — | ||||||||||||||||||
Class P | (52,090 | ) | — | (46,486 | ) | — | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
— | — | — | — | — | — | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page�� 67 |
STATEMENTS OF CHANGES IN NET ASSETS (continued)
For the period and year ended:
(all amounts in thousands)
Transamerica Emerging | ||||||||||||||||||||||||
Transamerica Capital Growth | Transamerica Diversified Equity | Markets Debt | ||||||||||||||||||||||
April 30, 2012 (unaudited) | October 31, 2011 | April 30, 2012 (unaudited) | October 31, 2011 | April 30, 2012 (unaudited) | October 31, 2011 | |||||||||||||||||||
Fair fund settlement: | ||||||||||||||||||||||||
Class A | — | — | 113 | — | (B) | — | — | |||||||||||||||||
Class B | — | — | 8 | — | (B) | |||||||||||||||||||
Class C | — | — | 19 | — | (B) | — | — | |||||||||||||||||
Class I | — | — | 1 | — | (B) | — | — | |||||||||||||||||
Class I2 | — | — | 401 | 2 | — | — | ||||||||||||||||||
Class P | — | — | 253 | 2 | ||||||||||||||||||||
Class T | — | |||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
— | — | 795 | 4 | — | — | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net income equalization: | — | — | — | 5,091 | — | — | ||||||||||||||||||
Net increase (decrease) in net assets resulting from capital shares transactions | 159,840 | 406,226 | 1,043,153 | (243,402 | ) | 9,857 | 100,347 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net increase (decrease) in net assets | 209,912 | 433,799 | 1,078,948 | (226,263 | ) | 17,034 | 100,569 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets: | ||||||||||||||||||||||||
Begining of period/year | $ | 575,889 | $ | 142,090 | $ | 563,086 | $ | 789,349 | $ | 100,569 | $ | — | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
End of period/year | $ | 785,801 | $ | 575,889 | $ | 1,642,034 | $ | 563,086 | $ | 117,603 | $ | 100,569 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Undistributed net investment income | $ | 359 | $ | — | $ | 925 | $ | — | $ | 1,008 | $ | 1,010 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Share activity: | ||||||||||||||||||||||||
Shares issued: | ||||||||||||||||||||||||
Class A | 514 | 1,461 | 307 | 165 | 2,091 | 237 | ||||||||||||||||||
Class B | 23 | 58 | 35 | 26 | ||||||||||||||||||||
Class C | 105 | 347 | 52 | 33 | 453 | 103 | ||||||||||||||||||
Class I | 1,468 | 794 | 11,906 | 68 | 500 | 206 | ||||||||||||||||||
Class I2 | 15,088 | 37,298 | 929 | 3,930 | 177 | 9,526 | ||||||||||||||||||
Class P | 293 | 766 | 116 | 3,227 | ||||||||||||||||||||
Class T | 6 | |||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
17,491 | 40,724 | 13,351 | 7,449 | 3,221 | 10,072 | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Shares issued on fund acquisition: | ||||||||||||||||||||||||
Class A | — | — | 28,762 | — | — | — | ||||||||||||||||||
Class B | — | — | 1,572 | — | ||||||||||||||||||||
Class C | — | — | 2,536 | — | — | — | ||||||||||||||||||
Class I | — | — | 12,839 | — | — | — | ||||||||||||||||||
Class I2 | — | — | 27,327 | — | — | — | ||||||||||||||||||
Class T | 3,110 | |||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
— | — | 76,146 | — | — | — | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Shares issued-reinvested from distributions: | ||||||||||||||||||||||||
Class A | 129 | — | 853 | 58 | 25 | — | (C) | |||||||||||||||||
Class B | 18 | — | 59 | 1 | ||||||||||||||||||||
Class C | 37 | — | 143 | 4 | 7 | — | (C) | |||||||||||||||||
Class I | 10 | — | 12 | — | (C) | 12 | — | (C) | ||||||||||||||||
Class I2 | 2,064 | — | 3,103 | 427 | 310 | 4 | ||||||||||||||||||
Class P | 136 | — | 1,950 | 177 | ||||||||||||||||||||
Class T | — | |||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
2,394 | — | 6,120 | 667 | 354 | 4 | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Shares redeemed: | ||||||||||||||||||||||||
Class A | (825 | ) | (869 | ) | (2,118 | ) | (933 | ) | (87 | ) | (12 | ) | ||||||||||||
Class B | (41 | ) | (119 | ) | (71 | ) | (74 | ) | ||||||||||||||||
Class C | (136 | ) | (209 | ) | (200 | ) | (173 | ) | (35 | ) | — | (C) | ||||||||||||
Class I | (371 | ) | (73 | ) | (2,663 | ) | (21 | ) | (86 | ) | — | (C) | ||||||||||||
Class I2 | (2,056 | ) | (145 | ) | (5,241 | ) | (9,517 | ) | (2,357 | ) | (15 | ) | ||||||||||||
Class P | (1,403 | ) | (1,566 | ) | (10,523 | ) | (14,091 | ) | ||||||||||||||||
Class T | (114 | ) | ||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
(4,832 | ) | (2,981 | ) | (20,930 | ) | (24,809 | ) | (2,565 | ) | (27 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Automatic conversions: | ||||||||||||||||||||||||
Class A | 79 | 156 | 146 | 125 | — | — | ||||||||||||||||||
Class B | (86 | ) | (169 | ) | (146 | ) | (125 | ) | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
(7 | ) | (13 | ) | — | — | — | — | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Class level conversions: | ||||||||||||||||||||||||
Class I | 3,295 | — | 3,418 | — | — | — | ||||||||||||||||||
Class P | (3,328 | ) | — | (3,435 | ) | — | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
(33 | ) | — | (17 | ) | — | — | — | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net increase (decrease) in shares outstanding: | ||||||||||||||||||||||||
Class A | (103 | ) | 748 | 27,950 | (585 | ) | 2,029 | 225 | ||||||||||||||||
Class B | (86 | ) | (230 | ) | 1,449 | (172 | ) | |||||||||||||||||
Class C | 6 | 138 | 2,531 | (136 | ) | 425 | 103 | |||||||||||||||||
Class I | 4,402 | 721 | 25,512 | 47 | 426 | 206 | ||||||||||||||||||
Class I2 | 15,096 | 37,153 | 26,118 | (5,160 | ) | (1,870 | ) | 9,515 | ||||||||||||||||
Class P | (4,302 | ) | (800 | ) | (11,892 | ) | (10,687 | ) | ||||||||||||||||
Class T | 3,002 | |||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
15,013 | 37,730 | 74,670 | (16,693 | ) | 1,010 | 10,049 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 68 |
STATEMENTS OF CHANGES IN NET ASSETS (continued)
For the period and year ended:
(all amounts in thousands)
Transamerica Emerging Markets Equity | Transamerica Flexible Income | Transamerica Growth Opportunities | ||||||||||||||||||
April 30, 2012 (unaudited)(D) | April 30, 2012 (unaudited) | October 31, 2011 | April 30, 2012 (unaudited) | October 31, 2011 | ||||||||||||||||
From operations: | ||||||||||||||||||||
Net investment income (loss) | $ | — | $ | 6,924 | $ | 14,340 | $ | 644 | $ | (1,496 | ) | |||||||||
Net realized gain (loss)(A) | — | 1,363 | 3,676 | 337 | 117,550 | |||||||||||||||
Net change in unrealized appreciation | — | 6,221 | (8,701 | ) | 25,294 | (80,212 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net increase in net assets resulting from operations | — | 14,508 | 9,315 | 26,275 | 35,842 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Distributions to shareholders: | ||||||||||||||||||||
From net investment income: | ||||||||||||||||||||
Class A | — | (1,798 | ) | (3,489 | ) | (2 | ) | — | ||||||||||||
Class B | (149 | ) | (416 | ) | — | — | ||||||||||||||
Class C | — | (1,272 | ) | (2,181 | ) | — | — | |||||||||||||
Class I | — | (649 | ) | (987 | ) | (18 | ) | (8 | ) | |||||||||||
Class I2 | — | (3,144 | ) | (7,295 | ) | (251 | ) | (576 | ) | |||||||||||
Class P | — | — | — | (112 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
— | (7,012 | ) | (14,368 | ) | (271 | ) | (696 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
From net realized gains: | ||||||||||||||||||||
Class A | — | — | — | (21,108 | ) | — | ||||||||||||||
Class B | — | — | (2,053 | ) | — | |||||||||||||||
Class C | — | — | — | (3,164 | ) | — | ||||||||||||||
Class I | — | — | — | (1,977 | ) | — | ||||||||||||||
Class I2 | — | — | — | (21,956 | ) | — | ||||||||||||||
Class P | — | — | (20,068 | ) | — | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
— | — | — | (70,326 | ) | — | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total distributions to shareholders | — | (7,012 | ) | (14,368 | ) | (70,597 | ) | (696 | ) | |||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Capital share transactions: | ||||||||||||||||||||
Proceeds from shares sold: | ||||||||||||||||||||
Class A | 250 | 13,287 | 37,059 | 4,677 | 53,115 | |||||||||||||||
Class B | 502 | 1,645 | 266 | 805 | ||||||||||||||||
Class C | 250 | 18,049 | 34,498 | 766 | 3,521 | |||||||||||||||
Class I | 250 | 11,502 | 22,523 | 50,993 | 12,282 | |||||||||||||||
Class I2 | 20,000 | 4,459 | 419 | 76,019 | 1,151 | |||||||||||||||
Class P | — | — | 2,658 | 12,809 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
20,750 | 47,799 | 96,144 | 135,379 | 83,683 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Issued from fund acquisition: | ||||||||||||||||||||
Class I2 | — | — | — | 274,998 | — | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Dividends and distributions reinvested: | ||||||||||||||||||||
Class A | — | 1,507 | 2,848 | 20,746 | — | |||||||||||||||
Class B | 126 | 308 | 2,006 | — | ||||||||||||||||
Class C | — | 744 | 1,242 | 2,974 | — | |||||||||||||||
Class I | — | 365 | 542 | 1,687 | 3 | |||||||||||||||
Class I2 | — | 3,144 | 7,295 | 22,207 | 576 | |||||||||||||||
Class P | — | — | 19,936 | 112 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
— | 5,886 | 12,235 | 69,556 | 691 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Cost of shares redeemed: | ||||||||||||||||||||
Class A | — | (11,047 | ) | (30,886 | ) | (12,420 | ) | (18,918 | ) | |||||||||||
Class B | (759 | ) | (2,689 | ) | (600 | ) | (1,941 | ) | ||||||||||||
Class C | — | (10,281 | ) | (20,629 | ) | (1,828 | ) | (3,362 | ) | |||||||||||
Class I | — | (4,670 | ) | (12,507 | ) | (6,758 | ) | (3,328 | ) | |||||||||||
Class I2 | — | (6,492 | ) | (43,197 | ) | (33,404 | ) | (8,256 | ) | |||||||||||
Class P | — | — | (53,917 | ) | (31,828 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
— | (33,249 | ) | (109,908 | ) | (108,927 | ) | (67,633 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Automatic conversions: | ||||||||||||||||||||
Class A | — | 613 | 2,688 | 2,135 | 3,139 | |||||||||||||||
Class B | (613 | ) | (2,688 | ) | (2,135 | ) | (3,139 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
— | — | — | — | — | ||||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Class level conversions: | ||||||||||||||||||||
Class I | — | — | — | 50,880 | — | |||||||||||||||
Class P | (50,880 | ) | — | |||||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
— | — | — | — | — | ||||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Fair fund settlement: | ||||||||||||||||||||
Class A | — | — | — | 9 | 1 | |||||||||||||||
Class B | — | — | 1 | — | (B) | |||||||||||||||
Class C | — | — | — | 1 | — | (B) | ||||||||||||||
Class I | — | — | — | 1 | — | (B) | ||||||||||||||
Class I2 | — | — | — | 9 | 2 | |||||||||||||||
Class P | — | — | 8 | 1 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
— | — | — | 29 | 4 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net increase (decrease) in net assets resulting from capital shares transactions | ||||||||||||||||||||
20,750 | 20,436 | (1,529 | ) | 371,035 | 16,745 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net increase (decrease) in net assets | 20,750 | 27,932 | (6,582 | ) | 326,713 | 51,891 | ||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net assets: | ||||||||||||||||||||
Begining of period/year | — | $ | 251,817 | $ | 258,399 | $ | 349,425 | $ | 297,534 | |||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
End of period/year | 20,750 | $ | 279,749 | $ | 251,817 | $ | 676,138 | $ | 349,425 | |||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Undistributed net investment income | $ | — | $ | 788 | $ | 876 | $ | 373 | $ | — | ||||||||||
|
|
|
|
|
|
|
|
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 69 |
STATEMENTS OF CHANGES IN NET ASSETS (continued)
For the period and year ended:
(all amounts in thousands)
Transamerica Emerging Markets Equity | Transamerica Flexible Income | Transamerica Growth Opportunities | ||||||||||||||||||
April 30, 2012 (unaudited)(D) | April 30, 2012 (unaudited) | October 31, 2011 | April 30, 2012 (unaudited) | October 31, 2011 | ||||||||||||||||
Share activity: | ||||||||||||||||||||
Shares issued: | ||||||||||||||||||||
Class A | 25 | 1,486 | 4,106 | 520 | 4,731 | |||||||||||||||
Class B | 56 | 183 | 33 | 77 | ||||||||||||||||
Class C | 25 | 2,028 | 3,846 | 96 | 334 | |||||||||||||||
Class I | 25 | 1,280 | 2,493 | 5,517 | 1,070 | |||||||||||||||
Class I2 | 2,000 | 492 | 46 | 7,871 | 97 | |||||||||||||||
Class P | — | — | 299 | 1,121 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
2,075 | 5,342 | 10,674 | 14,336 | 7,430 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Shares issued on fund acquisition: | ||||||||||||||||||||
Class I2 | — | — | — | 29,633 | — | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Shares issued-reinvested from distributions: | ||||||||||||||||||||
Class A | 170 | 318 | 2,691 | — | ||||||||||||||||
Class B | 14 | 34 | 292 | — | ||||||||||||||||
Class C | — | 84 | 139 | 431 | — | |||||||||||||||
Class I | — | 41 | 60 | 208 | — | (C) | ||||||||||||||
Class I2 | — | 353 | 812 | 2,725 | 51 | |||||||||||||||
Class P | — | — | 2,562 | 10 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
— | 662 | 1,363 | 8,909 | 61 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Shares redeemed: | ||||||||||||||||||||
Class A | — | (1,238 | ) | (3,446 | ) | (1,375 | ) | (1,647 | ) | |||||||||||
Class B | (85 | ) | (300 | ) | (74 | ) | (187 | ) | ||||||||||||
Class C | — | (1,160 | ) | (2,308 | ) | (233 | ) | (319 | ) | |||||||||||
Class I | — | (521 | ) | (1,379 | ) | (711 | ) | (275 | ) | |||||||||||
Class I2 | — | (725 | ) | (4,790 | ) | (3,504 | ) | (713 | ) | |||||||||||
Class P | — | — | (6,140 | ) | (2,751 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
— | (3,729 | ) | (12,223 | ) | (12,037 | ) | (5,892 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Automatic conversions: | ||||||||||||||||||||
Class A | — | 69 | 298 | 251 | 274 | |||||||||||||||
Class B | (69 | ) | (297 | ) | (281 | ) | (299 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
— | — | 1 | (30 | ) | (25 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Class level conversions: | ||||||||||||||||||||
Class I | — | — | — | 5,518 | — | |||||||||||||||
Class P | (5,748 | ) | — | |||||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
— | — | — | (230 | ) | — | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net increase (decrease) in shares outstanding: | ||||||||||||||||||||
Investor Class | ||||||||||||||||||||
Class A | 25 | 487 | 1,276 | 2,087 | 3,358 | |||||||||||||||
Class B | (84 | ) | (380 | ) | (30 | ) | (409 | ) | ||||||||||||
Class C | 25 | 952 | 1,677 | 294 | 15 | |||||||||||||||
Class I | 25 | 800 | 1,174 | 10,532 | 795 | |||||||||||||||
Class I2 | 2,000 | 120 | (3,932 | ) | 36,725 | (565 | ) | |||||||||||||
Class P | (9,027 | ) | (1,620 | ) | ||||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
2,075 | 2,275 | (185 | ) | 40,581 | 1,574 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 70 |
STATEMENTS OF CHANGES IN NET ASSETS (continued)
For the period and year ended:
(all amounts in thousands)
Transamerica High Yield Bond | Transamerica International Bond | Transamerica International Equity | ||||||||||||||||||||||
April 30, 2012 (unaudited) | October 31, 2011 | April 30, 2012 (unaudited) | October 31, 2011 | April 30, 2012 (unaudited) | October 31, 2011 | |||||||||||||||||||
From operations: | ||||||||||||||||||||||||
Net investment income | $ | 24,543 | $ | 50,875 | $ | 3,128 | $ | 7,687 | $ | 1,969 | $ | 3,183 | ||||||||||||
Net realized gain (loss)(A) | 12,080 | 28,507 | (5,422 | ) | 32,094 | 308 | 1,747 | |||||||||||||||||
Net change in unrealized appreciation (depreciation) | 15,207 | (47,639 | ) | 2,982 | (43,769 | ) | 6,756 | (10,477 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net increase (decrease) in net assets resulting from operations | 51,830 | 31,743 | 688 | (3,988 | ) | 9,033 | (5,547 | ) | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions to shareholders: | ||||||||||||||||||||||||
From net investment income: | ||||||||||||||||||||||||
Fund Level | (1,049 | ) | ||||||||||||||||||||||
Class A | (7,404 | ) | (12,399 | ) | — | (B) | — | (12 | ) | — | ||||||||||||||
Class B | (272 | ) | (682 | ) | ||||||||||||||||||||
Class C | (1,691 | ) | (2,837 | ) | — | (B) | — | (5 | ) | — | ||||||||||||||
Class I | (2,321 | ) | (2,173 | ) | — | (B) | — | (2,013 | ) | — | ||||||||||||||
Class I2 | (12,945 | ) | (30,575 | ) | (30,887 | ) | (32,153 | ) | (1,247 | ) | — | |||||||||||||
Class P | (255 | ) | (1,368 | ) | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
(24,888 | ) | (50,034 | ) | (30,887 | ) | (32,153 | ) | (3,277 | ) | (1,049 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
From net realized gains: | ||||||||||||||||||||||||
Class I2 | — | — | (2,784 | ) | (3,267 | ) | — | — | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total distributions to shareholders | (24,888 | ) | (50,034 | ) | (33,671 | ) | (35,420 | ) | (3,277 | ) | (1,049 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Capital share transactions: | ||||||||||||||||||||||||
Proceeds from shares sold: | ||||||||||||||||||||||||
Fund Level | 1,812 | |||||||||||||||||||||||
Class A | 91,466 | 170,969 | 110 | — | 304 | 458 | ||||||||||||||||||
Class B | 555 | 872 | ||||||||||||||||||||||
Class C | 17,592 | 18,711 | 140 | — | 357 | 28 | ||||||||||||||||||
Class I | 47,975 | 77,275 | 100 | — | 2,862 | 7,302 | ||||||||||||||||||
Class I2 | 20,593 | 117,637 | 12,248 | 282,605 | 56,842 | 50,397 | ||||||||||||||||||
Class P | 15,313 | 37,103 | ||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
193,494 | 422,567 | 12,598 | 282,605 | 60,365 | 59,997 | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Issued from fund acquisition: | ||||||||||||||||||||||||
Class A | — | — | — | — | — | 100 | ||||||||||||||||||
Class B | — | — | ||||||||||||||||||||||
Class C | — | — | — | — | — | 100 | ||||||||||||||||||
Class I | — | — | — | — | — | 83,612 | ||||||||||||||||||
Class I2 | — | — | — | — | — | — | (B) | |||||||||||||||||
Class P | — | — | ||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
— | — | — | — | — | 83,812 | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Dividends and distributions reinvested: | ||||||||||||||||||||||||
Fund Level | 1,003 | |||||||||||||||||||||||
Class A | 6,470 | 10,773 | — | (B) | — | 11 | — | |||||||||||||||||
Class B | 231 | 479 | ||||||||||||||||||||||
Class C | 1,223 | 1,883 | — | (B) | — | 5 | — | |||||||||||||||||
Class I | 1,763 | 1,397 | — | (B) | — | 1,883 | — | |||||||||||||||||
Class I2 | 12,945 | 30,575 | 33,671 | 35,420 | 1,248 | — | ||||||||||||||||||
Class P | 247 | 1,322 | ||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
22,879 | 46,429 | 33,671 | 35,420 | 3,147 | 1,003 | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Redeemed due to acquisition: | ||||||||||||||||||||||||
Fund Level | — | — | — | — | — | (83,612 | ) | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Cost of shares redeemed: | ||||||||||||||||||||||||
Fund Level | — | — | — | — | — | (1,336 | ) | |||||||||||||||||
Class A | (105,182 | ) | (146,735 | ) | — | (B) | — | (39 | ) | (40 | ) | |||||||||||||
Class B | (522 | ) | (2,719 | ) | ||||||||||||||||||||
Class C | (6,475 | ) | (12,369 | ) | — | — | — | (1 | ) | |||||||||||||||
Class I | (86,383 | ) | (23,545 | ) | — | — | (4,699 | ) | (2,844 | ) | ||||||||||||||
Class I2 | (160,980 | ) | (153,205 | ) | (263,796 | ) | (250,466 | ) | (1,065 | ) | — | (B) | ||||||||||||
Class P | (9,724 | ) | (40,924 | ) | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
(369,266 | ) | (379,497 | ) | (263,796 | ) | (250,466 | ) | (5,803 | ) | (4,221 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Automatic conversions: | ||||||||||||||||||||||||
Class A | 762 | 2,901 | — | — | — | — | ||||||||||||||||||
Class B | (762 | ) | (2,901 | ) | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
— | — | — | — | — | — | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Class level conversions: | ||||||||||||||||||||||||
Class I | 25,615 | — | — | — | — | — | ||||||||||||||||||
Class P | (25,615 | ) | — | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
— | — | — | — | — | — | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 71 |
STATEMENTS OF CHANGES IN NET ASSETS (continued)
For the period and year ended:
(all amounts in thousands)
Transamerica High Yield Bond | Transamerica International Bond | Transamerica International Equity | ||||||||||||||||||||||
April 30, 2012 (unaudited) | October 31, 2011 | April 30, 2012 (unaudited) | October 31, 2011 | April 30, 2012 (unaudited) | October 31, 2011 | |||||||||||||||||||
Fair fund settlement: | ||||||||||||||||||||||||
Class A | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||
Class B | — | (B) | — | |||||||||||||||||||||
Class C | — | (B) | — | — | — | — | — | |||||||||||||||||
Class I | — | (B) | — | — | — | — | — | |||||||||||||||||
Class I2 | 3 | — | — | — | — | — | ||||||||||||||||||
Class P | — | (B) | — | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
3 | — | — | — | — | — | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net increase (decrease) in net assets resulting from capital shares transactions | (152,890 | ) | 89,499 | (217,527 | ) | 67,559 | 57,709 | 56,979 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net increase (decrease) in net assets | (125,948 | ) | 71,208 | (250,510 | ) | 28,151 | 63,465 | 50,383 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets: | ||||||||||||||||||||||||
Begining of period/year | $ | 777,762 | $ | 706,554 | $ | 475,292 | $ | 447,141 | $ | 125,654 | $ | 75,271 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
End of period/year | $ | 651,814 | $ | 777,762 | $ | 224,782 | $ | 475,292 | $ | 189,119 | $ | 125,654 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Undistributed net investment income | $ | 2,223 | $ | 2,568 | $ | (4,054 | ) | $ | 23,705 | $ | 1,693 | $ | 3,001 | |||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Share activity: | ||||||||||||||||||||||||
Shares issued: | ||||||||||||||||||||||||
Fund Level | 136 | |||||||||||||||||||||||
Class A | 10,148 | 19,065 | 11 | — | 23 | 32 | ||||||||||||||||||
Class B | 61 | 96 | ||||||||||||||||||||||
Class C | 1,941 | 2,054 | 14 | — | 27 | 1 | ||||||||||||||||||
Class I | 5,253 | 8,701 | 10 | — | 213 | 526 | ||||||||||||||||||
Class I2 | 2,219 | 12,683 | 1,167 | 24,524 | 4,056 | 3,429 | ||||||||||||||||||
Class P | 1,704 | 4,043 | — | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
21,326 | 46,642 | 1,202 | 24,524 | 4,319 | 4,124 | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Shares issued on fund acquisition: | ||||||||||||||||||||||||
Class A | — | — | — | — | — | 7 | ||||||||||||||||||
Class B | — | — | ||||||||||||||||||||||
Class C | — | — | — | — | — | 7 | ||||||||||||||||||
Class I | — | — | — | — | — | 5,502 | ||||||||||||||||||
Class I2 | — | — | — | — | — | — | (B) | |||||||||||||||||
Class P | — | — | ||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
— | — | — | — | — | 5,516 | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Shares issued-reinvested from distributions: | ||||||||||||||||||||||||
Fund Level | 71 | |||||||||||||||||||||||
Class A | 718 | 1,183 | — | (C) | — | 1 | — | |||||||||||||||||
Class B | 26 | 53 | ||||||||||||||||||||||
Class C | 136 | 208 | — | (C) | — | 1 | — | |||||||||||||||||
Class I | 194 | 154 | — | (C) | — | 153 | — | |||||||||||||||||
Class I2 | 1,427 | 3,340 | 3,333 | 3,358 | 101 | — | ||||||||||||||||||
Class P | 28 | 145 | ||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
2,529 | 5,083 | 3,333 | 3,358 | 256 | 71 | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Shares Redeemed due to acquisition: | ||||||||||||||||||||||||
Fund Level | (5,502 | ) | ||||||||||||||||||||||
|
| |||||||||||||||||||||||
Shares redeemed: | ||||||||||||||||||||||||
Fund Level | (94 | ) | ||||||||||||||||||||||
Class A | (11,786 | ) | (16,105 | ) | — | — | (3 | ) | (3 | ) | ||||||||||||||
Class B | (59 | ) | (297 | ) | ||||||||||||||||||||
Class C | (720 | ) | (1,373 | ) | — | — | — | — | (C) | |||||||||||||||
Class I | (9,643 | ) | (2,603 | ) | — | — | (354 | ) | (195 | ) | ||||||||||||||
Class I2 | (17,342 | ) | (17,227 | ) | (25,104 | ) | (22,601 | ) | (76 | ) | — | (C) | ||||||||||||
Class P | (1,107 | ) | (4,435 | ) | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
(40,657 | ) | (42,040 | ) | (25,104 | ) | (22,601 | ) | (433 | ) | (292 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Automatic conversions: | ||||||||||||||||||||||||
Class A | 85 | 315 | — | — | — | — | ||||||||||||||||||
Class B | (85 | ) | (315 | ) | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
— | — | — | — | — | — | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Class level conversions: | ||||||||||||||||||||||||
Class I | 2,760 | — | — | — | — | — | ||||||||||||||||||
Class P | (2,775 | ) | — | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
(15 | ) | — | — | — | — | — | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net increase (decrease) in shares outstanding: | ||||||||||||||||||||||||
Fund Level | (5,839 | ) | ||||||||||||||||||||||
Class A | (835 | ) | 4,458 | 11 | 21 | 36 | ||||||||||||||||||
Class B | (57 | ) | (463 | ) | ||||||||||||||||||||
Class C | 1,357 | 889 | 14 | 28 | 8 | |||||||||||||||||||
Class I | (1,436 | ) | 6,252 | 10 | 12 | 5,833 | ||||||||||||||||||
Class I2 | (13,696 | ) | (1,204 | ) | (20,604 | ) | 5,281 | 4,081 | 3,429 | |||||||||||||||
Class P | (2,150 | ) | (247 | ) | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
(16,817 | ) | 9,685 | (20,569 | ) | 5,281 | 4,142 | 3,917 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 72 |
STATEMENTS OF CHANGES IN NET ASSETS (continued)
For the period and year ended:
(all amounts in thousands)
Transamerica Large Cap Growth | Transamerica Money Market | Transamerica Multi-Managed Balanced | ||||||||||||||||||
April 30, 2012 (unaudited)(D) | April 30, 2012 (unaudited) | October 31, 2011 | April 30, 2012 (unaudited) | October 31, 2011 | ||||||||||||||||
From operations: | ||||||||||||||||||||
Net investment income | $ | — | $ | 13 | $ | 14 | $ | 2,350 | $ | 4,612 | ||||||||||
Net realized gain (loss)(A) | — | — | — | 3,892 | 78,904 | |||||||||||||||
Net change in unrealized appreciation (depreciation) | — | — | — | 21,608 | (48,531 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net increase in net assets resulting from operations | — | 13 | 14 | 27,850 | 34,985 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net equalization credit and charges | — | — | — | — | (14,794 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Distributions to shareholders: | ||||||||||||||||||||
From net investment income: | ||||||||||||||||||||
Class A | — | (2 | ) | (3 | ) | (839 | ) | (1,337 | ) | |||||||||||
Class B | — | (B) | (1 | ) | (40 | ) | (46 | ) | ||||||||||||
Class C | — | (1 | ) | (1 | ) | (252 | ) | (239 | ) | |||||||||||
Class I | — | (1 | ) | — | (B) | (893 | ) | (95 | ) | |||||||||||
Class I2 | — | (4 | ) | (4 | ) | |||||||||||||||
Class P | (5 | ) | (5 | ) | (657 | ) | (2,803 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
— | (13 | ) | (14 | ) | (2,681 | ) | (4,520 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
From net realized gains: | ||||||||||||||||||||
Class A | — | — | — | (14,336 | ) | — | ||||||||||||||
Class B | — | — | (1,301 | ) | — | |||||||||||||||
Class C | — | — | — | (5,406 | ) | — | ||||||||||||||
Class I | — | — | — | (1,677 | ) | — | ||||||||||||||
Class P | — | — | (21,642 | ) | — | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
— | — | — | (44,362 | ) | — | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total distributions to shareholders | — | (13 | ) | (14 | ) | (47,043 | ) | (4,520 | ) | |||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Capital share transactions: | ||||||||||||||||||||
Proceeds from shares sold: | ||||||||||||||||||||
Class A | 250 | 30,529 | 96,642 | 12,936 | 58,119 | |||||||||||||||
Class B | — | 1,893 | 9,304 | 1,165 | 1,366 | |||||||||||||||
Class C | 250 | 9,637 | 32,873 | 13,012 | 19,491 | |||||||||||||||
Class I | 250 | 17,951 | — | 79,511 | 15,514 | |||||||||||||||
Class I2 | 40,000 | 48,065 | 19,769 | |||||||||||||||||
Class P | — | 1,488 | 7,531 | 3,612 | 21,072 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
40,750 | 109,563 | 166,119 | 110,236 | 115,562 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Dividends and distributions reinvested: | ||||||||||||||||||||
Class A | — | 2 | 3 | 14,410 | 1,253 | |||||||||||||||
Class B | — | (B) | 1 | 1,294 | 45 | |||||||||||||||
Class C | — | 1 | 1 | 4,940 | 208 | |||||||||||||||
Class I | — | 1 | — | (B) | 1,241 | 49 | ||||||||||||||
Class I2 | — | 4 | 4 | |||||||||||||||||
Class P | 5 | 5 | 22,142 | 2,782 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
— | 13 | 14 | 44,027 | 4,337 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Cost of shares redeemed: | ||||||||||||||||||||
Class A | — | (44,982 | ) | (106,542 | ) | (10,278 | ) | (60,819 | ) | |||||||||||
Class B | (4,189 | ) | (10,784 | ) | (461 | ) | (2,492 | ) | ||||||||||||
Class C | — | (15,933 | ) | (30,595 | ) | (4,474 | ) | (7,139 | ) | |||||||||||
Class I | — | (16,941 | ) | — | (B) | (5,768 | ) | (3,914 | ) | |||||||||||
Class I2 | — | (5,190 | ) | (23,936 | ) | |||||||||||||||
Class P | (3,464 | ) | (12,309 | ) | (93,138 | ) | (73,052 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
— | (90,699 | ) | (184,166 | ) | (114,119 | ) | (147,416 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Automatic conversions: | ||||||||||||||||||||
Class A | — | 1,458 | 2,643 | 1,955 | 4,839 | |||||||||||||||
Class B | (1,458 | ) | (2,643 | ) | (1,955 | ) | (4,839 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
— | — | — | — | — | ||||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Class level conversions: | ||||||||||||||||||||
Class I | — | 25,317 | — | 86,888 | — | |||||||||||||||
Class P | (25,317 | ) | — | (86,888 | ) | — | ||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
— | — | — | — | — | ||||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net income equalization | — | — | — | — | 14,794 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net increase (decrease) in net assets resulting from capital shares transactions | ||||||||||||||||||||
40,750 | 18,877 | (18,033 | ) | 40,144 | (12,723 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net increase (decrease) in net assets | 40,750 | 18,877 | (18,033 | ) | 20,951 | 2,948 | ||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net assets: | ||||||||||||||||||||
Begining of period/year | — | $ | 208,840 | $ | 226,873 | $ | 336,549 | $ | 333,601 | |||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
End of period/year | $ | 40,750 | $ | 227,717 | $ | 208,840 | $ | 357,500 | $ | 336,549 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Undistributed net investment income | $ | — | $ | — | $ | — | $ | 225 | $ | 556 | ||||||||||
|
|
|
|
|
|
|
|
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 73 |
STATEMENTS OF CHANGES IN NET ASSETS (continued)
For the period and year ended:
(all amounts in thousands)
Transamerica Large Cap Growth | Transamerica Money Market | Transamerica Multi-Managed Balanced | ||||||||||||||||||
April 30, 2012 (unaudited)(D) | April 30, 2012 (unaudited) | October 31, 2011 | April 30, 2012 (unaudited) | October 31, 2011 | ||||||||||||||||
Share activity: | ||||||||||||||||||||
Shares issued: | ||||||||||||||||||||
Class A | 25 | 30,529 | 96,642 | 600 | 2,540 | |||||||||||||||
Class B | 1,893 | 9,304 | 54 | 59 | ||||||||||||||||
Class C | 25 | 9,636 | 32,873 | 616 | 846 | |||||||||||||||
Class I | 25 | 17,951 | — | 3,740 | 669 | |||||||||||||||
Class I2 | 4,000 | 48,067 | 19,769 | |||||||||||||||||
Class P | 1,489 | 7,531 | 170 | 914 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
4,075 | 109,565 | 166,119 | 5,180 | 5,028 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Shares issued on fund acquisition: | ||||||||||||||||||||
Shares issued-reinvested from distributions: | ||||||||||||||||||||
Class A | — | 2 | 3 | 728 | 55 | |||||||||||||||
Class B | — | (C) | — | (C) | 66 | 2 | ||||||||||||||
Class C | — | 1 | 1 | 252 | 9 | |||||||||||||||
Class I | — | — | (C) | — | (C) | 59 | 2 | |||||||||||||
Class I2 | — | 4 | 4 | |||||||||||||||||
Class P | 5 | 6 | 1,122 | 121 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
— | 12 | 14 | 2,227 | 189 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Shares redeemed: | ||||||||||||||||||||
Class A | — | (44,982 | ) | (106,542 | ) | (478 | ) | (2,664 | ) | |||||||||||
Class B | (4,189 | ) | (10,784 | ) | (21 | ) | (108 | ) | ||||||||||||
Class C | — | (15,933 | ) | (30,595 | ) | (214 | ) | (312 | ) | |||||||||||
Class I | — | (16,941 | ) | — | (268 | ) | (166 | ) | ||||||||||||
Class I2 | — | (5,190 | ) | (23,936 | ) | |||||||||||||||
Class P | (3,464 | ) | (12,309 | ) | (4,403 | ) | (3,127 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
— | (90,699 | ) | (184,166 | ) | (5,384 | ) | (6,377 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Automatic conversions: | ||||||||||||||||||||
Class A | — | 1,458 | 2,643 | 91 | 209 | |||||||||||||||
Class B | (1,458 | ) | (2,643 | ) | (92 | ) | (210 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
— | — | — | (1 | ) | (1 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Class level conversions: | ||||||||||||||||||||
Class I | — | 25,317 | 2,643 | 4,097 | 209 | |||||||||||||||
Class P | (25,317 | ) | (2,643 | ) | (4,107 | ) | (210 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
— | — | — | (10 | ) | (1 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net increase (decrease) in shares outstanding: | ||||||||||||||||||||
Investor Class | ||||||||||||||||||||
Class A | 25 | (12,993 | ) | (7,254 | ) | 941 | 140 | |||||||||||||
Class B | (3,754 | ) | (4,123 | ) | 7 | (257 | ) | |||||||||||||
Class C | 25 | (6,296 | ) | 2,279 | 654 | 543 | ||||||||||||||
Class I | 25 | 26,327 | — | 7,628 | 505 | |||||||||||||||
Class I2 | 4,000 | 42,881 | (4,163 | ) | ||||||||||||||||
Class P | (27,287 | ) | (4,772 | ) | (7,218 | ) | (2,092 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
4,075 | 18,878 | (18,033 | ) | 2,012 | (1,161 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 74 |
STATEMENTS OF CHANGES IN NET ASSETS (continued)
For the period and year ended:
(all amounts in thousands)
Transamerica Quality Value | Transamerica Short-Term Bond | Transamerica Small Cap Value | ||||||||||||||||||
April 30, 2012 (unaudited) | October 31, 2011(E) | April 30, 2012 (unaudited) | October 31, 2011 | April 30, 2012 (unaudited)(D) | ||||||||||||||||
From operations: | ||||||||||||||||||||
Net investment income | $ | 15,801 | $ | 18,749 | $ | 46,503 | $ | 99,140 | $ | — | ||||||||||
Net realized gain (loss)(A) | 727 | (17,118 | ) | 15,300 | 20,987 | — | ||||||||||||||
Net change in unrealized appreciation (depreciation) | 144,130 | 2,423 | 18,782 | (66,942 | ) | — | ||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net increase in net assets resulting from operations | 160,658 | 4,054 | 80,585 | 53,185 | — | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Distributions to shareholders: | ||||||||||||||||||||
From net investment income: | ||||||||||||||||||||
Class A | (11 | ) | (8 | ) | (13,229 | ) | (30,442 | ) | — | |||||||||||
Class C | (11 | ) | (7 | ) | (11,545 | ) | (24,518 | ) | — | |||||||||||
Class I | (84 | ) | (7 | ) | (5,387 | ) | (9,068 | ) | — | |||||||||||
Class I2 | (15,247 | ) | (16,285 | ) | (17,910 | ) | (37,865 | ) | — | |||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
(15,353 | ) | (16,307 | ) | (48,071 | ) | (101,893 | ) | — | ||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
From net realized gains: | ||||||||||||||||||||
Class A | — | — | (5,502 | ) | (1,873 | ) | — | |||||||||||||
Class C | — | — | (6,009 | ) | (1,877 | ) | — | |||||||||||||
Class I | — | — | (1,936 | ) | (450 | ) | — | |||||||||||||
Class I2 | — | — | (6,847 | ) | (2,237 | ) | — | |||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
— | — | (20,294 | ) | (6,437 | ) | — | ||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total distributions to shareholders | (15,353 | ) | (16,307 | ) | (68,365 | ) | (108,330 | ) | — | |||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Capital share transactions: | ||||||||||||||||||||
Proceeds from shares sold: | ||||||||||||||||||||
Class A | 791 | 1,252 | 148,432 | 359,599 | 250 | |||||||||||||||
Class C | 276 | 1,967 | 91,426 | 268,987 | 250 | |||||||||||||||
Class I | 3,196 | 7,832 | 136,572 | 245,690 | 250 | |||||||||||||||
Class I2 | 244,387 | 1,510,101 | 118,842 | 181,462 | 99,761 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
248,650 | 1,521,152 | 495,272 | 1,055,738 | 100,511 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Dividends and distributions reinvested: | ||||||||||||||||||||
Class A | 10 | 7 | 15,653 | 25,781 | — | |||||||||||||||
Class C | 9 | 6 | 13,727 | 18,792 | — | |||||||||||||||
Class I | 84 | 7 | 4,520 | 4,400 | — | |||||||||||||||
Class I2 | 15,247 | 16,285 | 25,064 | 40,262 | — | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
15,350 | 16,305 | 58,964 | 89,235 | — | ||||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Cost of shares redeemed: | ||||||||||||||||||||
Class A | (105 | ) | (186 | ) | (206,035 | ) | (446,889 | ) | — | |||||||||||
Class C | (364 | ) | (131 | ) | (121,339 | ) | (259,670 | ) | — | |||||||||||
Class I | (188 | ) | (330 | ) | (84,653 | ) | (173,095 | ) | — | |||||||||||
Class I2 | (68,212 | ) | (185,461 | ) | (165,712 | ) | (278,428 | ) | — | |||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
(68,869 | ) | (186,108 | ) | (577,739 | ) | (1,158,082 | ) | — | ||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net increase (decrease) in net assets resulting from capital shares transactions | ||||||||||||||||||||
195,131 | 1,351,349 | (23,503 | ) | (13,109 | ) | 100,511 | ||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net increase (decrease) in net assets | 340,436 | 1,339,096 | (11,283 | ) | (68,254 | ) | 100,511 | |||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net assets: | ||||||||||||||||||||
Begining of period/year | $ | 1,339,096 | $ | — | $ | 2,821,089 | $ | 2,889,343 | $ | — | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
End of period/year | $ | 1,679,532 | $ | 1,339,096 | $ | 2,809,806 | $ | 2,821,089 | $ | 100,511 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Undistributed (accumulated) net investment income (loss) | $ | 2,952 | $ | 2,504 | $ | (3,988 | ) | $ | (2,420 | ) | — |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 75 |
STATEMENTS OF CHANGES IN NET ASSETS (continued)
For the period and year ended:
(all amounts in thousands)
Transamerica Quality Value | Transamerica Short-Term Bond | Transamerica Small Cap Value | ||||||||||||||||||
April 30, 2012 (unaudited) | October 31, 2011(E) | April 30, 2012 (unaudited) | October 31, 2011 | April 30, 2012(D) (unaudited) | ||||||||||||||||
Share activity: | ||||||||||||||||||||
Shares issued: | ||||||||||||||||||||
Class A | 71 | 115 | 14,408 | 34,402 | 25 | |||||||||||||||
Class C | 25 | 182 | 8,897 | 25,782 | 25 | |||||||||||||||
Class I | 286 | 791 | 13,487 | 23,932 | 25 | |||||||||||||||
Class I2 | 22,553 | 145,726 | 11,732 | 17,710 | 9,976 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
22,935 | 146,814 | 48,524 | 101,826 | 10,051 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Shares issued-reinvested from distributions: | ||||||||||||||||||||
Class A | 1 | 1 | 1,527 | 2,470 | — | |||||||||||||||
Class C | 1 | — | (C) | 1,342 | 1,804 | — | ||||||||||||||
Class I | 8 | 1 | 448 | 429 | — | |||||||||||||||
Class I2 | 1,434 | 1,557 | 2,488 | 3,925 | — | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
1,444 | 1,559 | 5,805 | 8,628 | — | ||||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Shares redeemed: | ||||||||||||||||||||
Class A | (10 | ) | (17 | ) | (20,014 | ) | (42,838 | ) | — | |||||||||||
Class C | (33 | ) | (12 | ) | (11,810 | ) | (24,915 | ) | — | |||||||||||
Class I | (18 | ) | (31 | ) | (8,366 | ) | (16,874 | ) | — | |||||||||||
Class I2 | (6,262 | ) | (18,497 | ) | (16,318 | ) | (27,058 | ) | — | |||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
(6,323 | ) | (18,557 | ) | (56,508 | ) | (111,685 | ) | — | ||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net increase (decrease) in shares outstanding: | ||||||||||||||||||||
Class A | 62 | 99 | (4,079 | ) | (5,966 | ) | 25 | |||||||||||||
Class C | (7 | ) | 170 | (1,571 | ) | 2,671 | 25 | |||||||||||||
Class I | 276 | 761 | 5,569 | 7,487 | 25 | |||||||||||||||
Class I2 | 17,725 | 128,786 | (2,098 | ) | (5,423 | ) | 9,976 | |||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
18,056 | 129,816 | (2,179 | ) | (1,231 | ) | 10,051 | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 76 |
STATEMENTS OF CHANGES IN NET ASSETS (continued)
For the period and year ended:
(all amounts in thousands)
Transamerica Small/Mid Cap Value | Transamerica Tactical Income | |||||||||||
April 30, 2012 (unaudited) | October 31, 2011 | April 30, 2012 (unaudited)(F) | ||||||||||
From operations: | ||||||||||||
Net investment income (loss) | $ | 1,034 | $ | (2,856 | ) | $ | 810 | |||||
Net realized gain (loss)(A) | (12,374 | ) | 193,786 | (685 | ) | |||||||
Net change in unrealized appreciation (depreciation) | 86,124 | (151,551 | ) | 1,639 | ||||||||
|
|
|
|
|
| |||||||
Net increase in net assets resulting from operations | 74,784 | 39,379 | 1,764 | |||||||||
|
|
|
|
|
| |||||||
Distributions to shareholders: | ||||||||||||
From net investment income: | ||||||||||||
Class A | — | (B) | — | (666 | ) | |||||||
Class B | — | (B) | — | |||||||||
Class C | — | (B) | — | (447 | ) | |||||||
Class I | — | (B) | — | (823 | ) | |||||||
Class I2 | — | — | ||||||||||
|
|
|
|
|
| |||||||
— | — | (1,936 | ) | |||||||||
|
|
|
|
|
| |||||||
From net realized gains: | ||||||||||||
Class A | (17,683 | ) | — | — | ||||||||
Class B | (1,904 | ) | — | |||||||||
Class C | (10,530 | ) | — | — | ||||||||
Class I | (3,750 | ) | — | — | ||||||||
Class I2 | (699 | ) | — | |||||||||
|
|
|
|
|
| |||||||
(34,566 | ) | — | — | |||||||||
|
|
|
|
|
| |||||||
Total distributions to shareholders | (34,566 | ) | — | (1,936 | ) | |||||||
|
|
|
|
|
| |||||||
Capital share transactions: | ||||||||||||
Proceeds from shares sold: | ||||||||||||
Class A | 43,247 | 144,418 | 69,970 | |||||||||
Class B | 798 | 1,532 | ||||||||||
Class C | 19,838 | 48,478 | 55,653 | |||||||||
Class I | 44,378 | 67,684 | 85,494 | |||||||||
Class I2 | 316 | 905 | ||||||||||
|
|
|
|
|
| |||||||
108,577 | 263,017 | 211,117 | ||||||||||
|
|
|
|
|
| |||||||
Dividends and distributions reinvested: | ||||||||||||
Class A | 16,432 | — | 582 | |||||||||
Class B | 1,625 | — | ||||||||||
Class C | 8,584 | — | 360 | |||||||||
Class I | 2,089 | — | 735 | |||||||||
Class I2 | 699 | — | ||||||||||
|
|
|
|
|
| |||||||
29,429 | — | 1,677 | ||||||||||
|
|
|
|
|
| |||||||
Cost of shares redeemed: | ||||||||||||
Class A | (69,665 | ) | (128,843 | ) | (1,825 | ) | ||||||
Class B | (2,564 | ) | (6,989 | ) | ||||||||
Class C | (18,828 | ) | (50,447 | ) | (837 | ) | ||||||
Class I | (19,472 | ) | (38,074 | ) | (2,248 | ) | ||||||
Class I2 | (644 | ) | (5,604 | ) | ||||||||
|
|
|
|
|
| |||||||
(111,173 | ) | (229,957 | ) | (4,910 | ) | |||||||
|
|
|
|
|
| |||||||
Automatic conversions: | ||||||||||||
Class A | 1,791 | 2,578 | — | |||||||||
Class B | (1,791 | ) | (2,578 | ) | ||||||||
|
|
|
|
|
| |||||||
— | — | — | ||||||||||
|
|
|
|
|
| |||||||
Net increase in net assets resulting from capital shares transactions |
| |||||||||||
26,833 | 33,060 | 207,884 | ||||||||||
|
|
|
|
|
| |||||||
Net increase in net assets | 67,051 | 72,439 | 207,712 | |||||||||
|
|
|
|
|
| |||||||
Net assets: | ||||||||||||
Begining of period/year | $ | 620,176 | $ | 547,737 | $ | — | ||||||
|
|
|
|
|
| |||||||
End of period/year | $ | 687,227 | $ | 620,176 | $ | 207,712 | ||||||
|
|
|
|
|
| |||||||
Undistributed (accumulated) net investment income (loss) | $ | 1,034 | $ | — | $ | (1,126 | ) | |||||
|
|
|
|
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 77 |
STATEMENTS OF CHANGES IN NET ASSETS (continued)
For the period and year ended:
(all amounts in thousands)
Transamerica Small/Mid Cap Value | Transamerica Tactical Income | |||||||||||
April 30, 2012 (unaudited) | October 31, 2011 | April 30, 2012 (unaudited)(F) | ||||||||||
Share activity: | ||||||||||||
Shares issued: | ||||||||||||
Class A | 2,063 | 6,627 | 6,878 | |||||||||
Class B | 41 | 74 | ||||||||||
Class C | 1,016 | 2,347 | 5,485 | |||||||||
Class I | 2,061 | 2,999 | 8,395 | |||||||||
Class I2 | 15 | 40 | ||||||||||
|
|
|
|
|
| |||||||
5,196 | 12,087 | 20,758 | ||||||||||
|
|
|
|
|
| |||||||
Shares issued-reinvested from distributions: | ||||||||||||
Class A | 878 | — | 58 | |||||||||
Class B | 92 | — | ||||||||||
Class C | 490 | — | 36 | |||||||||
Class I | 110 | — | 73 | |||||||||
Class I2 | 36 | — | ||||||||||
|
|
|
|
|
| |||||||
1,606 | — | 167 | ||||||||||
|
|
|
|
|
| |||||||
Shares redeemed: | ||||||||||||
Class A | (3,321 | ) | (6,093 | ) | (180 | ) | ||||||
Class B | (130 | ) | (345 | ) | ||||||||
Class C | (968 | ) | (2,491 | ) | (83 | ) | ||||||
Class I | (910 | ) | (1,848 | ) | (222 | ) | ||||||
Class I2 | (30 | ) | (256 | ) | ||||||||
|
|
|
|
|
| |||||||
(5,359 | ) | (11,033 | ) | (485 | ) | |||||||
|
|
|
|
|
| |||||||
Automatic conversions: | ||||||||||||
Class A | 86 | 122 | — | |||||||||
Class B | (91 | ) | (128 | ) | ||||||||
|
|
|
|
|
| |||||||
(5 | ) | (6 | ) | — | ||||||||
|
|
|
|
|
| |||||||
Net increase (decrease) in shares outstanding: | ||||||||||||
Investor Class | ||||||||||||
Class A | (294 | ) | 656 | 6,756 | ||||||||
Class B | (88 | ) | (399 | ) | ||||||||
Class C | 538 | (144 | ) | 5,438 | ||||||||
Class I | 1,261 | 1,151 | 8,246 | |||||||||
Class I2 | 21 | (216 | ) | |||||||||
|
|
|
|
|
| |||||||
1,438 | 1,048 | 20,440 | ||||||||||
|
|
|
|
|
|
(A) | Net realized gain (loss) includes all items listed in the Statement of Operations. |
(B) | Rounds to less than $1. |
(C) | Rounds to less than 1 share. |
(D) | Commenced operations April 30, 2012. |
(E) | Commenced operations November 15, 2010. |
(F) | Includes information from inception date of October 31, 2011 through period end. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 78 |
FINANCIAL HIGHLIGHTS
For the period or years ended:
Transamerica Capital Growth | ||||||||||||||||||||||||
Class A | Class B | |||||||||||||||||||||||
For a share outstanding throughout each period | April 30, 2012 (unaudited) | October 31, 2011 | October 31, 2010(A) | April 30, 2012 (unaudited) | October 31, 2011 | October 31, 2010(A) | ||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 15.47 | $ | 13.78 | $ | 11.77 | $ | 14.22 | $ | 12.75 | $ | 10.95 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment loss(B) | (0.03 | ) | (0.12 | ) | (0.09 | ) | (0.08 | ) | (0.20 | ) | (0.15 | ) | ||||||||||||
Net realized and change in unrealized gain on investments | 1.54 | 1.81 | 2.12 | 1.42 | 1.67 | 1.96 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total from investment operations | 1.51 | 1.69 | 2.03 | 1.34 | 1.47 | 1.81 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | — | — | (0.02 | ) | — | — | (0.01 | ) | ||||||||||||||||
Net realized gains on investments | (0.45 | ) | — | — | (0.45 | ) | — | — | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total distributions | (0.45 | ) | — | (0.02 | ) | (0.45 | ) | — | (0.01 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 16.53 | $ | 15.47 | $ | 13.78 | $ | 15.11 | $ | 14.22 | $ | 12.75 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total return(C) | 10.32 | %(D) | 12.34 | % | 17.24 | %(D) | 10.02 | %(D) | 11.61 | % | 16.51 | %(D) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets end of period/year (000’s) | $ | 68,903 | $ | 66,058 | $ | 48,547 | $ | 6,972 | $ | 7,786 | $ | 9,916 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/ waiver or recapture | 1.53 | %(E) | 1.55 | % | 1.55 | %(E) | 2.20 | %(E) | 2.20 | % | 2.20 | %(E) | ||||||||||||
Before reimbursement/ waiver or recapture | 1.50 | %(E) | 1.63 | % | 1.78 | %(E) | 2.40 | %(E) | 2.45 | % | 2.51 | %(E) | ||||||||||||
Net investment loss, to average net assets | (0.44 | )%(E) | (0.76 | )% | (0.75 | )%(E) | (1.11 | )%(E) | (1.41 | )% | (1.36 | )%(E) | ||||||||||||
Portfolio turnover rate | 7 | %(D) | 90 | % | 57 | %(D) | 7 | %(D) | 90 | % | 57 | %(D) | ||||||||||||
Transamerica Capital Growth | ||||||||||||||||||||||||
Class C | Class I | |||||||||||||||||||||||
For a share outstanding throughout each period | April 30, 2012 (unaudited) | October 31, 2011 | October 31, 2010(A) | April 30, 2012 (unaudited) | October 31, 2011 | October 31, 2010(G) | ||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 14.20 | $ | 12.74 | $ | 10.94 | $ | 15.66 | $ | 13.89 | $ | 11.64 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income (loss)(B) | (0.07 | ) | (0.20 | ) | (0.15 | ) | 0.01 | (0.06 | ) | (0.06 | ) | |||||||||||||
Net realized and change in unrealized gain on investments | 1.41 | 1.66 | 1.96 | 1.56 | 1.83 | 2.33 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total from investment operations | 1.34 | 1.46 | 1.81 | 1.57 | 1.77 | 2.27 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | — | (J) | — | (0.01 | ) | (0.01 | ) | — | (0.02 | ) | ||||||||||||||
Net realized gains on investments | (0.45 | ) | — | — | (0.45 | ) | — | — | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total distributions | (0.45 | ) | — | (0.01 | ) | (0.46 | ) | — | (0.02 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 15.09 | $ | 14.20 | $ | 12.74 | $ | 16.77 | $ | 15.66 | $ | 13.89 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total return(C) | 10.03 | %(D) | 11.62 | % | 16.53 | %(D) | 10.61 | %(D) | 12.81 | % | 19.58 | %(D) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets end of period/year (000’s) | $ | 17,358 | $ | 16,252 | $ | 12,814 | $ | 86,450 | $ | 11,767 | $ | 434 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/ waiver or recapture | 2.11 | %(E) | 2.20 | % | 2.20 | %(E) | 0.95 | %(E) | 1.13 | % | 1.20 | %(E) | ||||||||||||
Before reimbursement/ waiver or recapture | 2.06 | %(E) | 2.18 | % | 2.26 | %(E) | 0.95 | %(E) | 1.10 | % | 1.85 | %(E) | ||||||||||||
Net investment income (loss), to average net assets | (1.02 | )%(E) | (1.41 | )% | (1.39 | )%(E) | 0.11 | %(E) | (0.37 | )% | (0.51 | )%(E) | ||||||||||||
Portfolio turnover rate | 7 | %(D) | 90 | % | 57 | %(D) | 7 | %(D) | 90 | % | 57 | %(D) |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 79 |
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
Transamerica Capital Growth | Transamerica Diversified Equity | |||||||||||||||||||
Class I2 | Class A | |||||||||||||||||||
For a share outstanding throughout each period | April 30, 2012 (unaudited) | October 31, 2011(I) | April 30, 2012 (unaudited) | October 31, 2011 | October 31, 2010(A) | |||||||||||||||
Net asset value | ||||||||||||||||||||
Beginning of period/year | $ | 10.96 | $ | 10.00 | $ | 14.63 | $ | 14.29 | $ | 12.85 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Investment operations | ||||||||||||||||||||
Net investment income (loss)(B) | 0.01 | — | (J) | (0.01 | ) | (0.06 | ) | 0.15 | ||||||||||||
Net realized and change in unrealized gain on investments | 1.08 | 0.96 | 1.40 | 0.56 | 1.31 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total from investment operations | 1.09 | 0.96 | 1.39 | 0.50 | 1.46 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Distributions | ||||||||||||||||||||
Net investment income | — | (J) | — | — | (0.16 | ) | (0.02 | ) | ||||||||||||
Net realized gains on investments | (0.45 | ) | — | (1.99 | ) | — | — | |||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total distributions | (0.45 | ) | — | (1.99 | ) | (0.16 | ) | (0.02 | ) | |||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net asset value | ||||||||||||||||||||
End of period/year | $ | 11.60 | $ | 10.96 | $ | 14.03 | $ | 14.63 | $ | 14.29 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total return(C) | 10.75 | %(D) | 9.70 | %(D) | 11.98 | %(D) | 3.44 | % | 11.32 | %(D) | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net assets end of period/year (000’s) | $ | 606,118 | $ | 407,302 | $ | 466,036 | $ | 77,197 | $ | 83,766 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Ratio and supplemental data | ||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||
After reimbursement/waiver or recapture | 0.84 | %(E) | 1.09 | %(E) | 1.49 | %(E) | 1.52 | % | 1.52 | %(E) | ||||||||||
Before reimbursement/waiver or recapture | 0.84 | %(E) | 1.09 | %(E) | 1.29 | %(E) | 1.66 | % | 1.72 | %(E) | ||||||||||
Net investment income (loss), to average net assets | 0.25 | %(E) | (0.48 | )%(E) | (0.20 | )%(E) | (0.42 | )% | 1.14 | %(E) | ||||||||||
Portfolio turnover rate | 7 | %(D) | 90 | %(D) | 26 | %(D) | 141 | % | 79 | %(D) |
Transamerica Diversified Equity | ||||||||||||||||||||||||
Class B | Class C | |||||||||||||||||||||||
For a share outstanding throughout each period | April 30, 2012 (unaudited) | October 31, 2011 | October 31, 2010(A) | April 30, 2012 (unaudited) | October 31, 2011 | October 31, 2010(A) | ||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 14.57 | $ | 14.22 | $ | 12.85 | $ | 14.55 | $ | 14.22 | $ | 12.85 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income (loss)(B) | (0.06 | ) | (0.16 | ) | 0.06 | (0.06 | ) | (0.16 | ) | 0.06 | ||||||||||||||
Net realized and change in unrealized gain on investments | 1.39 | 0.55 | 1.32 | 1.38 | 0.55 | 1.32 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total from investment operations | 1.33 | 0.39 | 1.38 | 1.32 | 0.39 | 1.38 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | — | (J) | (0.04 | ) | (0.01 | ) | — | (J) | (0.06 | ) | (0.01 | ) | ||||||||||||
Net realized gains on investments | (1.99 | ) | — | — | (1.99 | ) | — | — | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total distributions | (1.99 | ) | (0.04 | ) | (0.01 | ) | (1.99 | ) | (0.06 | ) | (0.01 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 13.91 | $ | 14.57 | $ | 14.22 | $ | 13.88 | $ | 14.55 | $ | 14.22 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total return(C) | 11.59 | %(D) | 2.71 | % | 10.68 | %(D) | 11.53 | %(D) | 2.72 | % | 10.68 | %(D) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets end of period/year (000’s) | $ | 25,328 | $ | 5,420 | $ | 7,375 | $ | 47,908 | $ | 13,393 | $ | 15,013 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 2.17 | %(E) | 2.17 | % | 2.17 | %(E) | 2.17 | %(E) | 2.17 | % | 2.17 | %(E) | ||||||||||||
Before reimbursement/waiver or recapture | 2.03 | %(E) | 2.30 | % | 2.44 | %(E) | 2.03 | %(E) | 2.25 | % | 2.31 | %(E) | ||||||||||||
Net investment income (loss), to average net assets | (0.87 | )%(E) | (1.07 | )% | 0.40 | %(E) | (0.86 | )%(E) | (1.07 | )% | 0.48 | %(E) | ||||||||||||
Portfolio turnover rate | 26 | %(D) | 141 | % | 79 | %(D) | 26 | %(D) | 141 | % | 79 | %(D) |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 80 |
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
Transamerica Diversified Equity | ||||||||||||||||||||||||
Class I | Class I2(H) | |||||||||||||||||||||||
For a share outstanding throughout each period | April 30, 2012 (unaudited) | October 31, 2011 | October 31, 2010(G) | April 30, 2012 (unaudited) | October 31, 2011 | October 31, 2010(A) | ||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 14.74 | $ | 14.41 | $ | 12.65 | $ | 14.73 | $ | 14.38 | $ | 12.85 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(B) | 0.03 | — | (J) | 0.26 | 0.04 | 0.04 | 0.26 | |||||||||||||||||
Net realized and change in unrealized gain on investments | 1.40 | 0.56 | 1.53 | 1.40 | 0.57 | 1.30 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total from investment operations | 1.43 | 0.56 | 1.79 | 1.44 | 0.61 | 1.56 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | — | (0.23 | ) | (0.03 | ) | (0.02 | ) | (0.26 | ) | (0.03 | ) | |||||||||||||
Net realized gains on investments | (1.99 | ) | — | — | (1.99 | ) | — | — | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total distributions | (1.99 | ) | (0.23 | ) | (0.03 | ) | (2.01 | ) | (0.26 | ) | (0.03 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 14.18 | $ | 14.74 | $ | 14.41 | $ | 14.16 | $ | 14.73 | $ | 14.38 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total return(C) | 12.21 | %(D) | 3.82 | % | 14.16 | %(D) | 12.31 | %(D) | 4.19 | % | 12.12 | %(D) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets end of period/year (000’s) | $ | 362,864 | $ | 1,127 | $ | 421 | $ | 650,104 | $ | 291,409 | $ | 358,714 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 0.88 | %(E) | 1.17 | % | 1.17 | %(E) | 0.78 | %(E) | 0.80 | % | 0.81 | %(E) | ||||||||||||
Before reimbursement/waiver or recapture | 0.87 | %(E) | 1.15 | % | 1.81 | %(E) | 0.78 | %(E) | 0.80 | % | 0.81 | %(E) | ||||||||||||
Net investment income, to average net assets | 0.43 | %(E) | 0.01 | % | 2.14 | %(E) | 0.54 | %(E) | 0.30 | % | 2.02 | %(E) | ||||||||||||
Portfolio turnover rate | 26 | %(D) | 141 | % | 79 | %(D) | 26 | %(D) | 141 | % | 79 | %(D) |
Transamerica Diversified Equity | Transamerica Emerging Markets Debt | |||||||||||||||||||
Class T | Class A | Class C | ||||||||||||||||||
For a share outstanding throughout each period | April 30, 2012 (K) (unaudited) | April 30, 2012 (unaudited) | October 31, 2011(L) | April 30, 2012 (unaudited) | October 31, 2011(L) | |||||||||||||||
Net asset value | ||||||||||||||||||||
Beginning of period/year | $ | 28.70 | $ | 10.00 | $ | 10.00 | $ | 9.99 | $ | 10.00 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Investment operations | ||||||||||||||||||||
Net investment income(B) | 0.02 | 0.33 | 0.08 | 0.29 | 0.07 | |||||||||||||||
Net realized and change in unrealized gain (loss) on investments | 1.19 | 0.61 | (0.08 | ) | 0.62 | (0.08 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total from investment operations | 1.21 | 0.94 | — | 0.91 | (0.01 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Distributions | ||||||||||||||||||||
Net investment income | — | (0.32 | ) | — | (J) | (0.30 | ) | — | (J) | |||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total distributions | — | (0.32 | ) | — | (J) | (0.30 | ) | — | (J) | |||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net asset value | ||||||||||||||||||||
End of period/year | $ | 29.91 | $ | 10.62 | $ | 10.00 | $ | 10.60 | $ | 9.99 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total return(C) | 4.22 | %(D) | 9.64 | %(D) | 0.04 | %(D) | 9.30 | %(D) | (0.08 | )%(D) | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net assets end of period/year (000’s) | $ | 89,794 | $ | 23,945 | $ | 2,247 | $ | 5,595 | $ | 1,025 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Ratio and supplemental data | ||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||
After reimbursement/waiver or recapture | 1.03 | %(E) | 1.24 | %(E) | 1.35 | %(E) | 1.90 | %(E) | 2.00 | %(E) | ||||||||||
Before reimbursement/waiver or recapture | 1.03 | %(E) | 1.18 | %(E) | 1.65 | %(E) | 1.84 | %(E) | 2.29 | %(E) | ||||||||||
Net investment income, to average net assets | 0.24 | %(E) | 6.36 | %(E) | 5.24 | %(E) | 5.63 | %(E) | 4.35 | %(E) | ||||||||||
Portfolio turnover rate | 26 | %(D) | 196 | %(D) | 31 | %(D) | 196 | %(D) | 31 | %(D) |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 81 |
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
Transamerica Emerging Markets Debt | Transamerica Emerging Markets Equity | |||||||||||||||||||||||
Class I | Class I2 | Class A | Class C | |||||||||||||||||||||
For a share outstanding throughout each period | April 30, 2012 (unaudited) | October 31, 2011(L) | April 30, 2012 (unaudited) | October 31, 2011(L) | April 30, 2012 (M) (unaudited) | April 30, 2012 (M) (unaudited) | ||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 10.01 | $ | 10.00 | $ | 10.01 | $ | 10.00 | $ | 10.00 | $ | 10.00 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(B) | 0.34 | 0.09 | 0.33 | 0.07 | — | — | ||||||||||||||||||
Net realized and change in unrealized gain (loss) on investments | 0.62 | (0.08 | ) | 0.63 | (0.06 | ) | — | — | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total from investment operations | 0.96 | 0.01 | 0.96 | 0.01 | — | — | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.33 | ) | — | (J) | (0.33 | ) | — | (J) | — | — | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total distributions | (0.33 | ) | — | (J) | (0.33 | ) | — | (J) | — | — | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 10.64 | $ | 10.01 | $ | 10.64 | $ | 10.01 | $ | 10.00 | $ | 10.00 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total return(C) | 9.79 | %(D) | 0.14 | %(D) | 9.84 | %(D) | 0.14 | %(D) | — | %(D) | — | %(D) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets end of period/year (000’s) | $ | 6,724 | $ | 2,064 | $ | 81,339 | $ | 95,233 | $ | 250 | $ | 250 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 0.96 | %(E) | 1.00 | %(E) | 0.81 | %(E) | 1.00 | %(E) | — | % | — | % | ||||||||||||
Before reimbursement/waiver or recapture | 0.88 | %(E) | 1.34 | %(E) | 0.75 | %(E) | 1.23 | %(E) | — | % | — | % | ||||||||||||
Net investment income, to average net assets | 6.57 | %(E) | 5.46 | %(E) | 6.55 | %(E) | 4.63 | %(E) | — | % | — | % | ||||||||||||
Portfolio turnover rate | 196 | %(D) | 31 | %(D) | 196 | %(D) | 31 | %(D) | — | % | — | % |
Transamerica Emerging Markets Equity | ||||||||
Class I | Class I2 | |||||||
For a share outstanding throughout each period | April 30, 2012 (M) (unaudited) | April 30, 2012 (M) (unaudited) | ||||||
Net asset value | ||||||||
Beginning of period/year | $ | 10.00 | $ | 10.00 | ||||
|
|
|
| |||||
Investment operations | ||||||||
Net investment income(B) | — | — | ||||||
Net realized and change in unrealized gain on investments | — | — | ||||||
|
|
|
| |||||
Total from investment operations | — | — | ||||||
|
|
|
| |||||
Distributions | ||||||||
Return of capital | — | — | ||||||
Net asset value | ||||||||
End of period/year | $ | 10.00 | $ | 10.00 | ||||
|
|
|
| |||||
Total return(C) | — | %(D) | — | %(D) | ||||
|
|
|
| |||||
Net assets end of period/year (000’s) | $ | 250 | $ | 20,000 | ||||
|
|
|
| |||||
Ratio and supplemental data | ||||||||
Expenses to average net assets | ||||||||
After reimbursement/waiver or recapture | — | % | — | % | ||||
Before reimbursement/waiver or recapture | — | % | — | % | ||||
Net investment income, to average net assets | — | % | — | % | ||||
Portfolio turnover rate | — | % | — | % |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 82 |
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
Transamerica Flexible Income | ||||||||||||||||||||||||
Class A | ||||||||||||||||||||||||
For a share outstanding throughout each period | April 30, 2012 (unaudited) | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | October 31, 2007 | ||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 8.83 | $ | 8.99 | $ | 8.33 | $ | 7.22 | $ | 9.14 | $ | 9.38 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(B) | 0.24 | 0.51 | 0.50 | 0.46 | 0.44 | 0.48 | ||||||||||||||||||
Net realized and change in unrealized gain (loss) on investments | 0.26 | (0.16 | ) | 0.70 | 1.08 | (1.89 | ) | (0.25 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total from investment operations | 0.50 | 0.35 | 1.20 | 1.54 | (1.45 | ) | 0.23 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.24 | ) | (0.51 | ) | (0.54 | ) | (0.43 | ) | (0.47 | ) | (0.47 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total distributions | (0.24 | ) | (0.51 | ) | (0.54 | ) | (0.43 | ) | (0.47 | ) | (0.47 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 9.09 | $ | 8.83 | $ | 8.99 | $ | 8.33 | $ | 7.22 | $ | 9.14 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total return(C) | 5.72 | %(D) | 3.93 | % | 14.89 | % | 22.30 | % | (16.57 | )% | 2.42 | % | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets end of period/year (000’s) | $ | 71,736 | $ | 65,393 | $ | 55,103 | $ | 24,173 | $ | 13,360 | $ | 15,409 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 0.94 | %(E) | 0.97 | % | 1.07 | %(N) | 1.47 | % | 1.39 | % | 1.40 | % | ||||||||||||
Before reimbursement/waiver or recapture | 1.02 | %(E) | 1.07 | % | 1.15 | %(N) | 1.47 | % | 1.39 | % | 1.40 | % | ||||||||||||
Net investment income, to average net assets | 5.34 | %(E) | 5.70 | % | 5.79 | % | 6.03 | % | 5.12 | % | 5.12 | % | ||||||||||||
Portfolio turnover rate | 17 | %(D) | 42 | % | 120 | % | 169 | % | 98 | % | 108 | % |
Transamerica Flexible Income | ||||||||||||||||||||||||
Class B | ||||||||||||||||||||||||
For a share outstanding throughout each period | April 30, 2012 (unaudited) | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | October 31, 2007 | ||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 8.83 | $ | 9.00 | $ | 8.34 | $ | 7.23 | $ | 9.14 | $ | 9.39 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(B) | 0.20 | 0.44 | 0.43 | 0.40 | 0.38 | 0.42 | ||||||||||||||||||
Net realized and change in unrealized gain (loss) on investments | 0.26 | (0.18 | ) | 0.71 | 1.09 | (1.88 | ) | (0.26 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total from investment operations | 0.46 | 0.26 | 1.14 | 1.49 | (1.50 | ) | 0.16 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.20 | ) | (0.43 | ) | (0.48 | ) | (0.38 | ) | (0.41 | ) | (0.41 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total distributions | (0.20 | ) | (0.43 | ) | (0.48 | ) | (0.38 | ) | (0.41 | ) | (0.41 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 9.09 | $ | 8.83 | $ | 9.00 | $ | 8.34 | $ | 7.23 | $ | 9.14 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total return(C) | 5.27 | %(D) | 2.96 | % | 14.02 | % | 21.39 | % | (17.03 | )% | 1.66 | % | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets end of period/year (000’s) | $ | 6,514 | $ | 7,066 | $ | 10,614 | $ | 8,161 | $ | 8,628 | $ | 17,007 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 1.83 | %(E) | 1.82 | % | 1.88 | %(N) | 2.16 | % | 2.05 | % | 2.04 | % | ||||||||||||
Before reimbursement/waiver or recapture | 1.83 | %(E) | 1.82 | % | 1.88 | %(N) | 2.16 | % | 2.05 | % | 2.04 | % | ||||||||||||
Net investment income, to average net assets | 4.45 | %(E) | 4.87 | % | 4.97 | % | 5.36 | % | 4.42 | % | 4.48 | % | ||||||||||||
Portfolio turnover rate | 17 | %(D) | 42 | % | 120 | % | 169 | % | 98 | % | 108 | % |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 83 |
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
Transamerica Flexible Income | ||||||||||||||||||||||||
Class C | ||||||||||||||||||||||||
For a share outstanding throughout each period | April 30, 2012 (unaudited) | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | October 31, 2007 | ||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 8.79 | $ | 8.96 | $ | 8.31 | $ | 7.21 | $ | 9.12 | $ | 9.36 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(B) | 0.20 | 0.45 | 0.44 | 0.41 | 0.39 | 0.42 | ||||||||||||||||||
Net realized and change in unrealized gain (loss) on investments | 0.26 | (0.17 | ) | 0.70 | 1.08 | (1.88 | ) | (0.25 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total from investment operations | 0.46 | 0.28 | 1.14 | 1.49 | (1.49 | ) | 0.17 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.21 | ) | (0.45 | ) | (0.49 | ) | (0.39 | ) | (0.42 | ) | (0.41 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total distributions | (0.21 | ) | (0.45 | ) | (0.49 | ) | (0.39 | ) | (0.42 | ) | (0.41 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 9.04 | $ | 8.79 | $ | 8.96 | $ | 8.31 | $ | 7.21 | $ | 9.12 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total return(C) | 5.30 | %(D) | 3.21 | % | 14.15 | % | 21.50 | % | (16.98 | )% | 1.81 | % | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets end of period/year (000’s) | $ | 60,367 | $ | 50,314 | $ | 36,264 | $ | 12,978 | $ | 5,981 | $ | 8,982 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/fee waiver | 1.64 | %(E) | 1.68 | % | 1.74 | %(N) | 2.06 | % | 1.97 | % | 2.00 | % | ||||||||||||
Before reimbursement/fee waiver | 1.64 | %(E) | 1.68 | % | 1.74 | %(N) | 2.06 | % | 1.97 | % | 2.00 | % | ||||||||||||
Net investment income, to average net assets | 4.64 | %(E) | 4.98 | % | 5.14 | % | 5.43 | % | 4.52 | % | 4.51 | % | ||||||||||||
Portfolio turnover rate | 17 | %(D) | 42 | % | 120 | % | 169 | % | 98 | % | 108 | % |
Transamerica Flexible Income | ||||||||||||
Class I | ||||||||||||
For a share outstanding throughout each period | April 30, 2012 (unaudited) | October 31, 2011 | October 31, 2010(G) | |||||||||
Net asset value | ||||||||||||
Beginning of period/year | $ | 8.85 | $ | 9.02 | $ | 8.48 | ||||||
|
|
|
|
|
| |||||||
Investment operations | ||||||||||||
Net investment income(B) | 0.25 | 0.53 | 0.50 | |||||||||
Net realized and change in unrealized gain (loss) on investments | 0.25 | (0.16 | ) | 0.57 | ||||||||
|
|
|
|
|
| |||||||
Total from investment operations | 0.50 | 0.37 | 1.07 | |||||||||
|
|
|
|
|
| |||||||
Distributions | ||||||||||||
Net investment income | (0.25 | ) | (0.54 | ) | (0.53 | ) | ||||||
|
|
|
|
|
| |||||||
Total distributions | (0.25 | ) | (0.54 | ) | (0.53 | ) | ||||||
|
|
|
|
|
| |||||||
Net asset value | ||||||||||||
End of period/year | $ | 9.10 | $ | 8.85 | $ | 9.02 | ||||||
|
|
|
|
|
| |||||||
Total return(C) | 5.79 | %(D) | 4.19 | % | 13.10 | %(D) | ||||||
|
|
|
|
|
| |||||||
Net assets end of period/year (000’s) | $ | 27,851 | $ | 19,992 | $ | 9,787 | ||||||
|
|
|
|
|
| |||||||
Ratio and supplemental data | ||||||||||||
Expenses to average net assets | ||||||||||||
After reimbursement/waiver or recapture | 0.67 | %(E) | 0.69 | % | 0.76 | %(E),(N) | ||||||
Before reimbursement/waiver or recapture | 0.67 | %(E) | 0.69 | % | 0.76 | %(E),(N) | ||||||
Net investment income, to average net assets | 5.60 | %(E) | 5.93 | % | 6.25 | %(E) | ||||||
Portfolio turnover rate | 17 | %(D) | 42 | % | 120 | %(D) |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 84 |
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
Transamerica Flexible Income | ||||||||||||||||||||||||
Class I2(H) | ||||||||||||||||||||||||
For a share outstanding throughout each period | April 30, 2012 (unaudited) | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | October 31, 2007 | ||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 8.86 | $ | 9.03 | $ | 8.37 | $ | 7.25 | $ | 9.17 | $ | 9.42 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(B) | 0.25 | 0.55 | 0.53 | 0.50 | 0.50 | 0.53 | ||||||||||||||||||
Net realized and change in unrealized gain (loss) on investments | 0.26 | (0.17 | ) | 0.71 | 1.10 | (1.90 | ) | (0.26 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total from investment operations | 0.51 | 0.38 | 1.24 | 1.60 | (1.40 | ) | 0.27 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.26 | ) | (0.55 | ) | (0.58 | ) | (0.48 | ) | (0.52 | ) | (0.52 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total distributions | (0.26 | ) | (0.55 | ) | (0.58 | ) | (0.48 | ) | (0.52 | ) | (0.52 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 9.11 | $ | 8.86 | $ | 9.03 | $ | 8.37 | $ | 7.25 | $ | 9.17 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total return(C) | 5.85 | %(D) | 4.31 | % | 15.39 | % | 23.16 | % | (16.02 | )% | 2.93 | % | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets end of period/year (000’s) | $ | 113,281 | $ | 109,052 | $ | 146,631 | $ | 132,177 | $ | 128,108 | $ | 370,611 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 0.57 | %(E) | 0.58 | % | 0.64 | %(N) | 0.85 | % | 0.77 | % | 0.80 | % | ||||||||||||
Before reimbursement/waiver or recapture | 0.57 | %(E) | 0.58 | % | 0.64 | %(N) | 0.85 | % | 0.77 | % | 0.80 | % | ||||||||||||
Net investment income, to average net assets | 5.71 | %(E) | 6.10 | % | 6.18 | % | 6.64 | % | 5.67 | % | 5.71 | % | ||||||||||||
Portfolio turnover rate | 17 | %(D) | 42 | % | 120 | % | 169 | % | 98 | % | 108 | % | ||||||||||||
Transamerica Growth Opportunities | ||||||||||||||||||||||||
Class A | ||||||||||||||||||||||||
For a share outstanding throughout each period | April 30, 2012 (unaudited) | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | October 31, 2007 | ||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 10.93 | $ | 9.82 | $ | 7.54 | $ | 6.57 | $ | 11.40 | $ | 8.36 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment loss(B) | (0.01 | ) | (0.10 | ) | (0.05 | ) | (0.05 | ) | (0.06 | ) | (0.09 | ) | ||||||||||||
Net realized and change in unrealized gain (loss) on investments | 0.30 | 1.21 | 2.33 | 1.02 | (4.77 | ) | 3.13 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total from investment operations | 0.29 | 1.11 | 2.28 | 0.97 | (4.83 | ) | 3.04 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions | ||||||||||||||||||||||||
Net realized gains on investments | — | (J) | — | — | — | — | — | |||||||||||||||||
Net realized gains on investments | (2.24 | ) | — | — | — | — | — | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total distributions | (2.24 | ) | — | — | — | — | — | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 8.98 | $ | 10.93 | $ | 9.82 | $ | 7.54 | $ | 6.57 | $ | 11.40 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total return(C) | 6.01 | %(D) | 11.30 | % | 30.41 | % | 14.76 | % | (42.37 | )% | 36.20 | % | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets end of period/year (000’s) | $ | 103,449 | $ | 103,177 | $ | 59,685 | $ | 48,788 | $ | 41,005 | $ | 64,825 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 1.73 | %(E) | 1.75 | % | 1.75 | % | 1.75 | % | 1.75 | % | 1.75 | % | ||||||||||||
Before reimbursement/waiver or recapture | 1.56 | %(E) | 1.64 | % | 1.98 | % | 2.23 | % | 1.81 | % | 1.77 | % | ||||||||||||
Net investment loss, to average net assets | (0.25 | )%(E) | (0.83 | )% | (0.56 | )% | (0.68 | )% | (0.69 | )% | (1.00 | )% | ||||||||||||
Portfolio turnover rate | 9 | %(D) | 125 | % | 63 | % | 71 | % | 45 | % | 85 | % |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 85 |
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
Transamerica Growth Opportunities | ||||||||||||||||||||||||
Class B | ||||||||||||||||||||||||
For a share outstanding throughout each period | April 30, 2012 (unaudited) | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | October 31, 2007 | ||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 10.01 | $ | 9.05 | $ | 6.99 | $ | 6.13 | $ | 10.72 | $ | 7.92 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment loss(B) | (0.04 | ) | (0.15 | ) | (0.10 | ) | (0.08 | ) | (0.12 | ) | (0.14 | ) | ||||||||||||
Net realized and change in unrealized gain (loss) on investments | 0.24 | 1.11 | 2.16 | 0.94 | (4.47 | ) | 2.94 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total from investment operations | 0.20 | 0.96 | 2.06 | 0.86 | (4.59 | ) | 2.80 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions | ||||||||||||||||||||||||
Net realized gains on investments | (2.24 | ) | — | — | — | — | — | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total distributions | (2.24 | ) | — | — | — | — | — | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 7.97 | $ | 10.01 | $ | 9.05 | $ | 6.99 | $ | 6.13 | $ | 10.72 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total return(C) | 5.59 | %(D) | 10.61 | % | 29.47 | % | 14.03 | % | (42.82 | )% | 35.35 | % | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets end of period/year (000’s) | $ | 7,434 | $ | 9,636 | $ | 12,406 | $ | 14,067 | $ | 20,823 | $ | 65,123 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 2.38 | %(E) | 2.40 | % | 2.40 | % | 2.40 | % | 2.40 | % | 2.40 | % | ||||||||||||
Before reimbursement/waiver or recapture | 2.36 | %(E) | 2.29 | % | 2.41 | % | 2.71 | % | 2.46 | % | 2.45 | % | ||||||||||||
Net investment loss, to average net assets(F) | (0.88 | )%(E) | (1.40 | )% | (1.21 | )% | (1.25 | )% | (1.39 | )% | (1.66 | )% | ||||||||||||
Portfolio turnover rate | 9 | %(D) | 125 | % | 63 | % | 71 | % | 45 | % | 85 | % | ||||||||||||
Transamerica Growth Opportunities | ||||||||||||||||||||||||
Class C | ||||||||||||||||||||||||
For a share outstanding throughout each period | April 30, 2012 (unaudited) | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | October 31, 2007 | ||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 10.05 | $ | 9.08 | $ | 7.01 | $ | 6.16 | $ | 10.74 | $ | 7.94 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment loss(B) | (0.03 | ) | (0.15 | ) | (0.10 | ) | (0.08 | ) | (0.11 | ) | (0.14 | ) | ||||||||||||
Net realized and change in unrealized gain (loss) on investments | 0.23 | 1.12 | 2.17 | 0.93 | (4.47 | ) | 2.94 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total from investment operations | 0.20 | 0.97 | 2.07 | 0.85 | (4.58 | ) | 2.80 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions | ||||||||||||||||||||||||
Net realized gains on investments | (2.24 | ) | — | — | — | — | — | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total distributions | (2.24 | ) | — | — | — | — | — | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 8.01 | $ | 10.05 | $ | 9.08 | $ | 7.01 | $ | 6.16 | $ | 10.74 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total return(C) | 5.55 | %(D) | 10.68 | % | 29.53 | % | 13.80 | % | (42.64 | )% | 35.26 | % | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets end of period/year (000’s) | $ | 13,754 | $ | 14,288 | $ | 12,781 | $ | 10,774 | $ | 10,619 | $ | 22,656 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 2.28 | %(E) | 2.40 | % | 2.40 | % | 2.40 | % | 2.34 | % | 2.36 | % | ||||||||||||
Before reimbursement/waiver or recapture | 2.27 | %(E) | 2.28 | % | 2.41 | % | 2.62 | % | 2.34 | % | 2.36 | % | ||||||||||||
Net investment loss, to average net assets(F) | (0.80 | )%(E) | (1.43 | )% | (1.21 | )% | (1.31 | )% | (1.29 | )% | (1.61 | )% | ||||||||||||
Portfolio turnover rate | 9 | %(D) | 125 | % | 63 | % | 71 | % | 45 | % | 85 | % |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 86 |
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
Transamerica Growth Opportunities | ||||||||||||
Class I | ||||||||||||
For a share outstanding throughout each period | April 30, 2012 (unaudited) | October 31, 2011 | October 31, 2010(G) | |||||||||
Net asset value | ||||||||||||
Beginning of period/year | $ | 11.37 | $ | 10.19 | $ | 8.04 | ||||||
|
|
|
|
|
| |||||||
Investment operations | ||||||||||||
Net investment income (loss)(B) | 0.02 | (0.02 | ) | (0.02 | ) | |||||||
Net realized and change in unrealized gain on investments | 0.32 | 1.24 | 2.17 | |||||||||
|
|
|
|
|
| |||||||
Total from investment operations | 0.34 | 1.22 | 2.15 | |||||||||
|
|
|
|
|
| |||||||
Distributions | ||||||||||||
Net investment income | (0.02 | ) | (0.04 | ) | — | |||||||
Net realized gains on investments | (2.24 | ) | — | — | ||||||||
|
|
|
|
|
| |||||||
Total distributions | (2.26 | ) | (0.04 | ) | — | |||||||
|
|
|
|
|
| |||||||
Net asset value | ||||||||||||
End of period/year | $ | 9.45 | $ | 11.37 | $ | 10.19 | ||||||
|
|
|
|
|
| |||||||
Total return(C) | 6.28 | %(D) | 12.01 | % | 26.74 | %(D) | ||||||
|
|
|
|
|
| |||||||
Net assets end of period/year (000’s) | $ | 107,823 | $ | 9,954 | $ | 815 | ||||||
|
|
|
|
|
| |||||||
Ratio and supplemental data | ||||||||||||
Expenses to average net assets | ||||||||||||
After reimbursement/waiver or recapture | 0.97 | %(E) | 1.08 | % | 1.40 | %(E) | ||||||
Before reimbursement/waiver or recapture | 0.97 | %(E) | 1.08 | % | 1.48 | %(E) | ||||||
Net investment income (loss), to average net assets(F) | 0.48 | %(E) | (0.20 | )% | (0.23 | )%(E) | ||||||
Portfolio turnover rate | 9 | %(D) | 125 | % | 63 | %(D) |
Transamerica Growth Opportunities | ||||||||||||||||||||||||
Class I2(H) | ||||||||||||||||||||||||
For a share outstanding throughout each period | April 30, 2012 (unaudited) | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | October 31, 2007 | ||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 11.43 | $ | 10.23 | $ | 7.78 | $ | 6.74 | $ | 11.59 | $ | 8.43 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income (loss)(B) | 0.03 | 0.01 | 0.03 | 0.01 | 0.01 | (0.01 | ) | |||||||||||||||||
Net realized and change in unrealized gain (loss) on investments | 0.32 | 1.25 | 2.42 | 1.03 | (4.86 | ) | 3.17 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total from investment operations | 0.35 | 1.26 | 2.45 | 1.04 | (4.85 | ) | 3.16 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.02 | ) | (0.06 | ) | — | — | — | — | ||||||||||||||||
Net realized gains on investments | (2.24 | ) | — | — | — | — | — | |||||||||||||||||
Return of capital | — | — | — | — | — | — | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total distributions | (2.26 | ) | (0.06 | ) | — | — | — | — | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 9.52 | $ | 11.43 | $ | 10.23 | $ | 7.78 | $ | 6.74 | $ | 11.59 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total return(C) | 6.42 | %(D) | 12.28 | % | 31.49 | % | 15.43 | % | (41.85 | )% | 37.49 | % | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets end of period/year (000’s) | $ | 443,678 | $ | 113,057 | $ | 106,970 | $ | 111,402 | $ | 86,425 | $ | 206,863 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 0.86 | %(E) | 0.89 | % | 0.88 | % | 0.91 | % | 0.86 | % | 0.88 | % | ||||||||||||
Before reimbursement/waiver or recapture | 0.86 | %(E) | 0.89 | % | 0.88 | % | 0.91 | % | 0.86 | % | 0.88 | % | ||||||||||||
Net investment income (loss), to average net assets(F) | 0.59 | %(E) | 0.09 | % | 0.32 | % | 0.15 | % | 0.15 | % | (0.15 | )% | ||||||||||||
Portfolio turnover rate | 9 | %(D) | 125 | % | 63 | % | 71 | % | 45 | % | 85 | % |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 87 |
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
Transamerica High Yield Bond | ||||||||||||||||||||||||
Class A | ||||||||||||||||||||||||
For a share outstanding throughout each period | April 30, 2012 (unaudited) | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | October 31, 2007 | ||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 8.95 | $ | 9.16 | $ | 8.45 | $ | 6.31 | $ | 9.12 | $ | 9.19 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(B) | 0.30 | 0.61 | 0.66 | 0.65 | 0.64 | 0.60 | ||||||||||||||||||
Net realized and change in unrealized gain (loss) on investments | 0.38 | (0.21 | ) | 0.73 | 2.14 | (2.83 | ) | (0.07 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total from investment operations | 0.68 | 0.40 | 1.39 | 2.79 | (2.19 | ) | 0.53 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.31 | ) | (0.61 | ) | (0.68 | ) | (0.66 | ) | (0.62 | ) | (0.60 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total distributions | (0.31 | ) | (0.61 | ) | (0.68 | ) | (0.66 | ) | (0.62 | ) | (0.60 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 9.32 | $ | 8.95 | $ | 9.16 | $ | 8.45 | $ | 6.31 | $ | 9.12 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total return(C) | 7.73 | %(D) | 4.41 | % | 17.21 | % | 47.58 | % | (25.46 | )% | 5.90 | % | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets end of period/year (000’s) | $ | 230,473 | $ | 228,920 | $ | 193,332 | $ | 67,290 | $ | 24,506 | $ | 35,147 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 1.09 | %(E) | 1.17 | % | 1.15 | % | 1.19 | % | 1.16 | % | 1.15 | % | ||||||||||||
Before reimbursement/waiver or recapture | 1.08 | %(E) | 1.17 | % | 1.15 | % | 1.19 | % | 1.16 | % | 1.15 | % | ||||||||||||
Net investment income, to average net assets | 6.68 | %(E) | 6.65 | % | 7.52 | % | 9.08 | % | 7.65 | % | 6.45 | % | ||||||||||||
Portfolio turnover rate | 41 | %(D) | 93 | % | 91 | % | 58 | % | 38 | % | 80 | % | ||||||||||||
Transamerica High Yield Bond | ||||||||||||||||||||||||
Class B | ||||||||||||||||||||||||
For a share outstanding throughout each period | April 30, 2012 (unaudited) | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | October 31, 2007 | ||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 8.95 | $ | 9.15 | $ | 8.44 | $ | 6.30 | $ | 9.11 | $ | 9.18 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(B) | 0.27 | 0.55 | 0.61 | 0.60 | 0.58 | 0.53 | ||||||||||||||||||
Net realized and change in unrealized gain (loss) on investments | 0.37 | (0.21 | ) | 0.72 | 2.15 | (2.83 | ) | (0.06 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total from investment operations | 0.64 | 0.34 | 1.33 | 2.75 | (2.25 | ) | 0.47 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.27 | ) | (0.54 | ) | (0.62 | ) | (0.61 | ) | (0.56 | ) | (0.54 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total distributions | (0.27 | ) | (0.54 | ) | (0.62 | ) | (0.61 | ) | (0.56 | ) | (0.54 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 9.32 | $ | 8.95 | $ | 9.15 | $ | 8.44 | $ | 6.30 | $ | 9.11 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total return(C) | 7.31 | %(D) | 3.81 | % | 16.38 | % | 46.69 | % | (26.04 | )% | 5.19 | % | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets end of period/year (000’s) | $ | 9,293 | $ | 9,431 | $ | 13,887 | $ | 11,898 | $ | 9,091 | $ | 21,370 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 1.85 | %(E) | 1.83 | % | 1.83 | % | 1.91 | % | 1.85 | % | 1.83 | % | ||||||||||||
Before reimbursement/waiver or recapture | 1.84 | %(E) | 1.84 | % | 1.83 | % | 1.91 | % | 1.85 | % | 1.83 | % | ||||||||||||
Net investment income, to average net assets | 5.93 | %(E) | 5.99 | % | 6.93 | % | 8.56 | % | 6.83 | % | 5.77 | % | ||||||||||||
Portfolio turnover rate | 41 | %(D) | 93 | % | 91 | % | 58 | % | 38 | % | 80 | % |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 88 |
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
Transamerica High Yield Bond | ||||||||||||||||||||||||
Class C | ||||||||||||||||||||||||
For a share outstanding throughout each period | April 30, 2012 (unaudited) | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | October 31, 2007 | ||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 8.92 | $ | 9.13 | $ | 8.42 | $ | 6.30 | $ | 9.10 | $ | 9.17 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(B) | 0.27 | 0.55 | 0.61 | 0.60 | 0.58 | 0.53 | ||||||||||||||||||
Net realized and change in unrealized gain (loss) on investments | 0.37 | (0.21 | ) | 0.73 | 2.14 | (2.82 | ) | (0.06 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total from investment operations | 0.64 | 0.34 | 1.34 | 2.74 | (2.24 | ) | 0.47 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.28 | ) | (0.55 | ) | (0.63 | ) | (0.62 | ) | (0.56 | ) | (0.54 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total distributions | (0.28 | ) | (0.55 | ) | (0.63 | ) | (0.62 | ) | (0.56 | ) | (0.54 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 9.28 | $ | 8.92 | $ | 9.13 | $ | 8.42 | $ | 6.30 | $ | 9.10 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total return(C) | 7.29 | %(D) | 3.84 | % | 16.54 | % | 46.63 | % | (25.89 | )% | 5.21 | % | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets end of period/year (000’s) | $ | 63,378 | $ | 48,789 | $ | 41,810 | $ | 19,548 | $ | 5,429 | $ | 10,160 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 1.75 | %(E) | 1.76 | % | 1.77 | % | 1.81 | % | 1.80 | % | 1.83 | % | ||||||||||||
Before reimbursement/waiver or recapture | 1.75 | %(E) | 1.76 | % | 1.77 | % | 1.81 | % | 1.80 | % | 1.83 | % | ||||||||||||
Net investment income, to average net assets | 6.05 | %(E) | 6.07 | % | 6.96 | % | 8.23 | % | 6.93 | % | 5.77 | % | ||||||||||||
Portfolio turnover rate | 41 | %(D) | 93 | % | 91 | % | 58 | % | 38 | % | 80 | % |
Transamerica High Yield Bond | ||||||||||||
Class I | ||||||||||||
For a share outstanding throughout each period | April 30, 2012 (unaudited) | October 31, 2011 | October 31, 2010(G) | |||||||||
Net asset value | ||||||||||||
Beginning of period/year | $ | 9.00 | $ | 9.20 | $ | 8.55 | ||||||
|
|
|
|
|
| |||||||
Investment operations | ||||||||||||
Net investment income(B) | 0.31 | 0.65 | 0.63 | |||||||||
Net realized and change in unrealized gain (loss) on investments | 0.38 | (0.21 | ) | 0.68 | ||||||||
|
|
|
|
|
| |||||||
Total from investment operations | 0.69 | 0.44 | 1.31 | |||||||||
|
|
|
|
|
| |||||||
Distributions | ||||||||||||
Net investment income | (0.32 | ) | (0.64 | ) | (0.66 | ) | ||||||
|
|
|
|
|
| |||||||
Total distributions | (0.32 | ) | (0.64 | ) | (0.66 | ) | ||||||
|
|
|
|
|
| |||||||
Net asset value | ||||||||||||
End of period/year | $ | 9.37 | $ | 9.00 | $ | 9.20 | ||||||
|
|
|
|
|
| |||||||
Total return(C) | 7.86 | %(D) | 4.95 | % | 15.92 | %(D) | ||||||
|
|
|
|
|
| |||||||
Net assets end of period/year (000’s) | $ | 72,698 | $ | 82,736 | $ | 27,057 | ||||||
|
|
|
|
|
| |||||||
Ratio and supplemental data | ||||||||||||
Expenses to average net assets | ||||||||||||
After reimbursement/waiver or recapture | 0.77 | %(E) | 0.77 | % | 0.83 | %(E) | ||||||
Before reimbursement/waiver or recapture | 0.77 | %(E) | 0.78 | % | 0.83 | %(E) | ||||||
Net investment income, to average net assets | 6.86 | %(E) | 7.09 | % | 7.71 | %(E) | ||||||
Portfolio turnover rate | 41 | %(D) | 93 | % | 91 | %(D) |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 89 |
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
Transamerica High Yield Bond | ||||||||||||||||||||||||
Class I2(H) | ||||||||||||||||||||||||
For a share outstanding throughout each period | April 30, 2012 (unaudited) | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | October 31, 2007 | ||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 9.02 | $ | 9.22 | $ | 8.50 | $ | 6.35 | $ | 9.17 | $ | 9.24 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(B) | 0.32 | 0.66 | 0.71 | 0.69 | 0.69 | 0.65 | ||||||||||||||||||
Net realized and change in unrealized gain (loss) on investments | 0.38 | (0.21 | ) | 0.73 | 2.16 | (2.85 | ) | (0.07 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total from investment operations | 0.70 | 0.45 | 1.44 | 2.85 | (2.16 | ) | 0.58 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.33 | ) | (0.65 | ) | (0.72 | ) | (0.70 | ) | (0.66 | ) | (0.65 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total distributions | (0.33 | ) | (0.65 | ) | (0.72 | ) | (0.70 | ) | (0.66 | ) | (0.65 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 9.39 | $ | 9.02 | $ | 9.22 | $ | 8.50 | $ | 6.35 | $ | 9.17 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total return(C) | 7.89 | %(D) | 5.06 | % | 17.74 | % | 48.39 | % | (25.05 | )% | 6.39 | % | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets end of period/year (000’s) | $ | 275,972 | $ | 388,633 | $ | 408,505 | $ | 472,936 | $ | 418,923 | $ | 331,300 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 0.67 | %(E) | 0.66 | % | 0.66 | % | 0.67 | % | 0.65 | % | 0.65 | % | ||||||||||||
Before reimbursement/waiver or recapture | 0.66 | %(E) | 0.66 | % | 0.66 | % | 0.67 | % | 0.65 | % | 0.65 | % | ||||||||||||
Net investment income, to average net assets | 7.07 | %(E) | 7.16 | % | 8.11 | % | 9.96 | % | 8.34 | % | 6.96 | % | ||||||||||||
Portfolio turnover rate | 41 | %(D) | 93 | % | 91 | % | 58 | % | 38 | % | 80 | % |
Transamerica International Bond | ||||||||||||
Class A | Class C | Class I | ||||||||||
For a share outstanding throughout each period | April 30, 2012(O) (unaudited) | April 30, 2012(O) (unaudited) | April 30, 2012(O) (unaudited) | |||||||||
Net asset value | ||||||||||||
Beginning of period/year | $ | 10.29 | $ | 10.29 | $ | 10.29 | ||||||
|
|
|
|
|
| |||||||
Investment operations | ||||||||||||
Net investment income(B) | 0.03 | 0.01 | 0.03 | |||||||||
Net realized and change in unrealized gain on investments | 0.05 | 0.06 | 0.05 | |||||||||
|
|
|
|
|
| |||||||
Total from investment operations | 0.08 | 0.07 | 0.08 | |||||||||
|
|
|
|
|
| |||||||
Distributions | ||||||||||||
Net investment income | (0.02 | ) | (0.02 | ) | (0.02 | ) | ||||||
|
|
|
|
|
| |||||||
Total distributions | (0.02 | ) | (0.02 | ) | (0.02 | ) | ||||||
|
|
|
|
|
| |||||||
Net asset value | ||||||||||||
End of period/year | $ | 10.35 | $ | 10.34 | $ | 10.35 | ||||||
|
|
|
|
|
| |||||||
Total return(C) | 0.79 | %(D) | 0.65 | %(D) | 0.82 | %(D) | ||||||
|
|
|
|
|
| |||||||
Net assets end of period/year (000’s) | $ | 111 $ | $ | 141 | 101 | |||||||
|
|
|
|
|
| |||||||
Ratio and supplemental data | ||||||||||||
Expenses to average net assets | ||||||||||||
After reimbursement/waiver or recapture | 1.05 | %(E) | 1.75 | %(E) | 0.75 | %(E) | ||||||
Before reimbursement/waiver or recapture | 1.10 | %(E) | 1.80 | %(E) | 0.90 | %(E) | ||||||
Net investment income, to average net assets | 1.51 | %(E) | 0.84 | %(E) | 1.80 | %(E) | ||||||
Portfolio turnover rate | 20 | %(D) | 20 | %(D) | 20 | %(D) |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 90 |
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
Transamerica International Bond | ||||||||||||||||||||||||
Class I2(H) | ||||||||||||||||||||||||
For a share outstanding throughout each period | April 30, 2012 (unaudited) | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | October 31, 2007 | ||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 11.24 | $ | 12.08 | $ | 11.64 | $ | 10.56 | $ | 11.00 | $ | 10.51 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(B) | 0.10 | 0.23 | 0.24 | 0.26 | 0.29 | 0.28 | ||||||||||||||||||
Net realized and change in unrealized gain (loss) on investments | (0.04 | ) | (0.05 | ) | 0.71 | 1.59 | (0.29 | ) | 0.59 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total from investment operations | 0.06 | 0.18 | 0.95 | 1.85 | — | 0.87 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.87 | ) | (0.93 | ) | (0.39 | ) | (0.68 | ) | (0.44 | ) | (0.38 | ) | ||||||||||||
Net realized gains on investments | (0.08 | ) | (0.09 | ) | (0.12 | ) | (0.09 | ) | — | — | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total distributions | (0.95 | ) | (1.02 | ) | (0.51 | ) | (0.77 | ) | (0.44 | ) | (0.38 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 10.35 | $ | 11.24 | $ | 12.08 | $ | 11.64 | $ | 10.56 | $ | 11.00 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total return(C) | 0.76 | %(D) | 2.20 | % | 8.54 | % | 17.90 | % | (0.14 | )% | 8.55 | % | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets end of period/year (000’s) | $ | 224,429 | $ | 475,292 | $ | 447,141 | $ | 732,964 | $ | 699,078 | $ | 761,827 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 0.66 | %(E) | 0.63 | % | 0.61 | % | 0.60 | % | 0.61 | % | 0.61 | % | ||||||||||||
Before reimbursement/waiver or recapture | 0.67 | %(E) | 0.63 | % | 0.61 | % | 0.60 | % | 0.61 | % | 0.61 | % | ||||||||||||
Net investment income, to average net assets | 1.84 | %(E) | 2.09 | % | 2.16 | % | 2.38 | % | 2.55 | % | 2.68 | % | ||||||||||||
Portfolio turnover rate | 20 | %(D) | 98 | % | 61 | % | 53 | % | 74 | % | 86 | % |
Transamerica International Equity | ||||||||||||||||
Class A | Class C | |||||||||||||||
For a share outstanding throughout each period | April 30, 2012 (unaudited) | October 31, 2011(P) | April 30, 2012 (unaudited) | October 31, 2011(P) | ||||||||||||
Net asset value | ||||||||||||||||
Beginning of period/year | $ | 13.47 | $ | 15.03 | $ | 13.40 | $ | 15.03 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Investment operations | ||||||||||||||||
Net investment income(B) | 0.16 | 0.15 | 0.15 | 0.16 | ||||||||||||
Net realized and change in unrealized gain (loss) on investments | 0.72 | (1.71 | ) | 0.70 | (1.79 | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Total from investment operations | 0.88 | (1.56 | ) | 0.85 | (1.63 | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Distributions | ||||||||||||||||
Net investment income | (0.33 | ) | — | (0.30 | ) | — | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Total distributions | (0.33 | ) | — | (0.30 | ) | — | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Net asset value | ||||||||||||||||
End of period/year | $ | 14.02 | $ | 13.47 | $ | 13.95 | $ | 13.40 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Total return(C) | 6.90 | %(D) | (10.38 | )%(D) | 6.67 | %(D) | (10.84 | )%(D) | ||||||||
|
|
|
|
|
|
|
| |||||||||
Net assets end of period/year (000’s) | $ | 795 | $ | 490 | $ | 506 | $ | 113 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Ratio and supplemental data | ||||||||||||||||
Expenses to average net assets | ||||||||||||||||
After reimbursement/waiver or recapture | 1.44 | %(E) | 1.50 | %(E) | 2.05 | %(E) | 2.14 | %(E) | ||||||||
Before reimbursement/waiver or recapture | 1.43 | %(E) | 1.52 | %(E) | 2.05 | %(E) | 2.14 | %(E) | ||||||||
Net investment income, to average net assets | 2.42 | %(E) | 1.56 | %(E)(F) | 2.18 | %(E) | 1.64 | %(E)(F) | ||||||||
Portfolio turnover rate | 9 | % (D) | 16 | %(D) | 9 | % (D) | 16 | %(D) |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 91 |
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
Transamerica International Equity | ||||||||||||||||||||||||
Class I(Q) | ||||||||||||||||||||||||
For a share outstanding throughout each period | April 30, 2012 (unaudited) | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | October 31, 2007 | ||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 13.50 | $ | 13.97 | $ | 12.55 | $ | 9.94 | $ | 21.16 | $ | 19.08 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(B) | 0.17 | 0.40 | 0.22 | 0.19 | 0.26 | 0.28 | ||||||||||||||||||
Net realized and change in unrealized gain (loss) on investments | 0.75 | (0.68 | ) | 1.36 | 2.61 | (8.99 | ) | 4.37 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total from investment operations | 0.92 | (0.28 | ) | 1.58 | 2.80 | (8.73 | ) | 4.65 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.36 | ) | (0.19 | ) | (0.16 | ) | (0.19 | ) | (0.20 | ) | (0.09 | ) | ||||||||||||
Net realized gains on investments | — | — | — | — | (2.29 | ) | (2.48 | ) | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total distributions | (0.36 | ) | (0.19 | ) | (0.16 | ) | (0.19 | ) | (2.49 | ) | (2.57 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 14.06 | $ | 13.50 | $ | 13.97 | $ | 12.55 | $ | 9.94 | $ | 21.16 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total return(C) | 7.08 | %(D) | (2.05 | )% | 12.73 | % | 28.58 | % | (46.36 | )% | 26.86 | % | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets end of period/year (000’s) | $ | 82,207 | $ | 78,738 | $ | 75,271 | $ | 64,600 | $ | 51,529 | $ | 91,838 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 1.07 | %(E) | 1.16 | % | 1.43 | % | 1.67 | % | 1.52 | % | 1.55 | % | ||||||||||||
Before reimbursement/waiver or recapture | 1.07 | %(E) | 1.16 | % | 1.43 | % | 1.67 | % | 1.53 | % | 1.55 | % | ||||||||||||
Net investment income, to average net assets | 2.47 | %(E) | 2.79 | %(F) | 1.76 | % | 1.87 | % | 1.67 | % | 147 | %(F) | ||||||||||||
Portfolio turnover rate | 9 | %(D) | 16 | % | 43 | % | 42 | % | 40 | % | 41 | % |
Transamerica International Equity | Transamerica Large Cap Growth | |||||||||||||||||||||||
Class I2 | Class A | Class C | Class I | Class I2 | ||||||||||||||||||||
For a share outstanding throughout each period | April 30, 2012 (unaudited) | October 31, 2011(P) | April 30, 2012(M) (unaudited) | April 30, 2012(M) (unaudited) | April 30, 2012(M) (unaudited) | April 30, 2012(M) (unaudited) | ||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 13.51 | $ | 15.03 | $ | 10.00 | $ | 10.00 | $ | 10.00 | $ | 10.00 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(B) | 0.22 | 0.29 | — | — | — | — | ||||||||||||||||||
Net realized and change in unrealized gain (loss) on investments | 0.69 | (1.81 | ) | — | — | — | — | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total from investment operations | 0.91 | (1.52 | ) | — | — | — | — | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.36 | ) | — | — | — | — | — | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total distributions | (0.36 | ) | — | — | — | — | — | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 14.06 | $ | 13.51 | $ | 10.00 | $ | 10.00 | $ | 10.00 | $ | 10.00 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total return(C) | 7.15 | %(D) | (10.11 | )%(D) | — | %(D) | — | %(D) | — | %(D) | — | %(D) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets end of period/year (000’s) | $ | 105,611 | $ | 46,313 | $ | 250 | $ | 250 | $ | 250 | $ | 40,000 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 0.96 | %(E) | 1.02 | %(E) | — | % | — | % | — | % | — | % | ||||||||||||
Before reimbursement/waiver or recapture | 0.96 | %(E) | 1.02 | %(E) | — | % | — | % | — | % | — | % | ||||||||||||
Net investment income, to average net assets | 3.30 | %(E) | 3.07 | %(E)(F) | — | % | — | % | — | % | — | % | ||||||||||||
Portfolio turnover rate | 9 | %(D) | 16 | %(D) | — | % | — | % | — | % | — | % |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 92 |
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
Transamerica Money Market | ||||||||||||||||||||||||
Class A | ||||||||||||||||||||||||
For a share outstanding throughout each period | April 30, 2012 (unaudited) | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | October 31, 2007 | ||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(B) | — | (J) | — | (J) | — | (J) | — | (J) | 0.02 | 0.05 | ||||||||||||||
Net realized and change in unrealized gain on investments | — | — | — | (J) | — | (J) | — | (J) | — | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total from investment operations | — | (J) | — | (J) | — | (J) | — | (J) | 0.02 | 0.05 | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net Equalization credits and charges | — | — | — | (J) | — | |||||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | — | (J) | — | (J) | — | (J) | — | (J) | (0.02 | ) | (0.05 | ) | ||||||||||||
Net realized gains on investments | — | — | — | — | — | — | (J) | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total distributions | — | (J) | — | (J) | — | (J) | — | (J) | (0.02 | ) | (0.05 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total return(C) | — | %(D),(R) | — | %(R) | 0.01 | % | 0.21 | % | 2.52 | % | 4.61 | % | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets end of period/year (000’s) | $ | 99,497 | $ | 112,490 | $ | 119,744 | $ | 146,598 | $ | 142,456 | $ | 95,766 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 0.27 | %(E)(S) | 0.20 | %(S) | 0.22 | %(S) | 0.60 | %(S) | 0.83 | % | 0.83 | % | ||||||||||||
Before reimbursement/waiver or recapture | 1.22 | %(E) | 1.26 | % | 1.19 | % | 1.11 | % | 1.08 | % | 1.20 | % | ||||||||||||
Net investment income, to average net assets | — | %(E),(R) | — | %(R) | — | %(R) | 0.20 | % | 2.40 | % | 4.54 | % | ||||||||||||
Transamerica Money Market | ||||||||||||||||||||||||
Class B | ||||||||||||||||||||||||
For a share outstanding throughout each period | April 30, 2012 (unaudited) | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | October 31, 2007 | ||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(B) | — | (J) | — | (J) | — | (J) | — | (J) | 0.02 | 0.04 | ||||||||||||||
Net realized and change in unrealized gain on investments | — | — | — | (J) | — | (J) | — | (J) | — | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total from investment operations | — | (J) | — | (J) | — | (J) | — | (J) | 0.02 | 0.04 | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net Equalization credits and charges | — | — | — | (J) | — | |||||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | — | (J) | — | (J) | — | (J) | — | (J) | (0.02 | ) | (0.04 | ) | ||||||||||||
Net realized gains on investments | — | — | — | — | — | — | (J) | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total distributions | — | (J) | — | (J) | — | (J) | — | (J) | (0.02 | ) | (0.04 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total return(C) | — | %(D),(R) | — | %(R) | 0.01 | % | 0.08 | % | 1.83 | % | 3.92 | % | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets end of period/year (000’s) | $ | 11,564 | $ | 15,318 | $ | 19,442 | $ | 35,612 | $ | 40,110 | $ | 23,324 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 0.27 | %(E) (S) | 0.20 | %(S) | 0.21 | %(S) | 0.73 | %(S) | 1.48 | % | 1.48 | % | ||||||||||||
Before reimbursement/waiver or recapture | 1.88 | %(E) | 1.89 | % | 1.81 | % | 1.75 | % | 1.75 | % | 1.83 | % | ||||||||||||
Net investment income, to average net assets | — | %(E),(R) | — | %(R) | — | %(R) | 0.08 | % | 1.75 | % | 3.87 | % |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 93 |
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
Transamerica Money Market | ||||||||||||||||||||||||
Class C | ||||||||||||||||||||||||
For a share outstanding throughout each period | April 30, 2012 (unaudited) | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | October 31, 2007 | ||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(B) | — | (J) | — | (J) | — | (J) | — | (J) | 0.02 | 0.04 | ||||||||||||||
Net realized and change in unrealized gain on investments | — | — | — | (J) | — | (J) | — | (J) | — | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total from investment operations | — | (J) | — | (J) | — | (J) | — | (J) | 0.02 | 0.04 | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net Equalization credits and charges | — | — | — | (J) | — | |||||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | — | (J) | — | (J) | — | (J) | — | (J) | (0.02 | ) | (0.04 | ) | ||||||||||||
Net realized gains on investments | — | — | — | — | — | — | (J) | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total distributions | — | (J) | — | (J) | — | (J) | — | (J) | (0.02 | ) | (0.04 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total return(C) | — | %(D),(R) | — | %(R) | 0.01 | % | 0.07 | % | 1.86 | % | 3.92 | % | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets end of period/year (000’s) | $ | 29,782 | $ | 36,078 | $ | 33,800 | $ | 46,177 | $ | 59,991 | $ | 19,638 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 0.26 | %(E)(S) | 0.20 | %(S) | 0.22 | %(S) | 0.76 | %(S) | 1.48 | % | 1.48 | % | ||||||||||||
Before reimbursement/waiver or recapture | 1.68 | %(E) | 1.73 | % | 1.66 | % | 1.64 | % | 1.67 | % | 1.73 | % | ||||||||||||
Net investment income, to average net assets | — | %(E),(R) | — | %(R) | — | %(R) | 0.07 | % | 1.65 | % | 3.88 | % |
Transamerica Money Market | ||||||||||||
Class I | ||||||||||||
For a share outstanding throughout each period | April 30, 2012 (unaudited) | October 31, 2011 | October 31, 2010(G) | |||||||||
Net asset value | ||||||||||||
Beginning of period/year | $ | 1.00 | $ | 1.00 | $ | 1.00 | ||||||
|
|
|
|
|
| |||||||
Investment operations | ||||||||||||
Net investment income(B) | — | (J) | — | (J) | — | (J) | ||||||
Net realized and change in unrealized gain on investments | — | — | — | (J) | ||||||||
|
|
|
|
|
| |||||||
Total from investment operations | — | (J) | — | (J) | — | (J) | ||||||
|
|
|
|
|
| |||||||
Net Equalization credits and charges | — | — | — | (J) | ||||||||
Distributions | ||||||||||||
Net investment income | — | (J) | — | (J) | — | (J) | ||||||
|
|
|
|
|
| |||||||
Total distributions | — | (J) | — | (J) | — | (J) | ||||||
|
|
|
|
|
| |||||||
Net asset value | ||||||||||||
End of period/year | $ | 1.00 | $ | 1.00 | $ | 1.00 | ||||||
|
|
|
|
|
| |||||||
Total return(C) | 0.01 | %(D) | 0.01 | % | 0.01 | %(D) | ||||||
|
|
|
|
|
| |||||||
Net assets end of period/year (000’s) | $ | 26,382 | $ | 55 | $ | 55 | ||||||
|
|
|
|
|
| |||||||
Ratio and supplemental data | ||||||||||||
Expenses to average net assets | ||||||||||||
After reimbursement/waiver or recapture | 0.24 | %(E)(S) | 0.19 | %(S) | 0.22 | %(E)(S) | ||||||
Before reimbursement/waiver or recapture | 0.66 | %(E) | 3.60 | % | 3.16 | %(E) | ||||||
Net investment income, to average net assets | 0.01 | %(E) | 0.02 | % | 0.01 | %(E) |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 94 |
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
Transamerica Money Market | ||||||||||||||||||||||||
For a share outstanding throughout each period | Class I2(H) | |||||||||||||||||||||||
April 30, 2012 | October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||||||||||
(unaudited) | 2011 | 2010 | 2009 | 2008 | 2007 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(B) | — | (J) | — | (J) | — | (J) | — | (J) | 0.03 | 0.05 | ||||||||||||||
Net realized and change in unrealized gain on investments | — | — | — | (J) | — | (J) | — | (J) | — | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total from investment operations | — | (J) | — | (J) | — | (J) | — | (J) | 0.03 | 0.05 | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net Equalization credits and charges | — | — | — | (J) | — | — | — | |||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | — | (J) | — | (J) | — | (J) | — | (J) | (0.03 | ) | (0.05 | ) | ||||||||||||
Net realized gains on investments | — | — | — | — | — | — | (J) | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total distributions | — | (J) | — | (J) | — | (J) | — | (J) | (0.03 | ) | (0.05 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total return(C) | 0.02 | %(D) | 0.01 | % | 0.01 | % | 0.35 | % | 2.84 | % | 4.98 | % | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets end of period/year (000’s) | $ | 60,492 | $ | 17,612 | $ | 21,773 | $ | 34,119 | $ | 29,327 | $ | 34,673 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 0.22 | %(E)(S) | 0.19 | %(S) | 0.21 | %(S) | 0.45 | %(S) | 0.48 | % | 0.48 | % | ||||||||||||
Before reimbursement/waiver or recapture | 0.54 | %(E) | 0.55 | % | 0.50 | % | 0.53 | % | 0.49 | % | 0.52 | % | ||||||||||||
Net investment income, to average net assets | 0.05 | %(E) | 0.02 | % | 0.01 | % | 0.36 | % | 2.89 | % | 4.88 | % | ||||||||||||
Transamerica Multi-Managed Balanced | ||||||||||||||||||||||||
For a share outstanding throughout each period | Class A | |||||||||||||||||||||||
April 30, 2012 | October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||||||||||
(unaudited) | 2011 | 2010 | 2009 | 2008 | 2007 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 23.34 | $ | 21.40 | $ | 17.85 | $ | 16.44 | $ | 25.70 | $ | 22.05 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(B) | 0.13 | 0.25 | 0.52 | 0.28 | 0.28 | 0.17 | ||||||||||||||||||
Net realized and change in unrealized gain (loss) on investments | 1.51 | 1.94 | 3.55 | 2.47 | (8.64 | ) | 3.62 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total from investment operations | 1.64 | 2.19 | 4.07 | 2.75 | (8.36 | ) | 3.79 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.16 | ) | (0.25 | ) | (0.52 | ) | (0.31 | ) | (0.24 | ) | (0.14 | ) | ||||||||||||
Net realized gains on investments | (3.08 | ) | — | — | (1.03 | ) | (0.66 | ) | — | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total distributions | (3.24 | ) | (0.25 | ) | (0.52 | ) | (1.34 | ) | (0.90 | ) | (0.14 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 21.74 | $ | 23.34 | $ | 21.40 | $ | 17.85 | $ | 16.44 | $ | 25.70 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total return(C) | 8.47 | %(D) | 10.26 | % | 23.08 | % | 18.43 | % | (33.55 | )% | 17.28 | % | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets end of period/year (000’s) | $ | 120,253 | $ | 107,146 | $ | 95,258 | $ | 60,279 | $ | 49,917 | $ | 61,565 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 1.53 | %(E) | 1.46 | % | 1.56 | %(U) | 1.73 | %(U) | 1.52 | % | 1.56 | % | ||||||||||||
Before reimbursement/waiver or recapture | 1.46 | %(E) | 1.49 | % | 1.56 | %(U) | 1.73 | %(U) | 1.52 | % | 1.56 | % | ||||||||||||
Net investment income, to average net assets | 1.24 | %(E) | 1.09 | % | 2.67 | % | 1.72 | % | 1.27 | % | 0.73 | % | ||||||||||||
Portfolio turnover rate | 59 | %(D) | 263 | % | 99 | % | 100 | % | 52 | % | 52 | % |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 95 |
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
For a share outstanding throughout each period | Transamerica Multi-Managed Balanced | |||||||||||||||||||||||
Class B | ||||||||||||||||||||||||
April 30, 2012 (unaudited) | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | October 31, 2007 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 23.23 | $ | 21.34 | $ | 17.79 | $ | 16.37 | $ | 25.58 | $ | 21.98 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(B) | 0.04 | 0.06 | 0.33 | 0.16 | 0.13 | 0.04 | ||||||||||||||||||
Net realized and change in unrealized gain (loss) on investments | 1.50 | 1.92 | 3.58 | 2.45 | (8.58 | ) | 3.60 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total from investment operations | 1.54 | 1.98 | 3.91 | 2.61 | (8.45 | ) | 3.64 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.09 | ) | (0.09 | ) | (0.36 | ) | (0.17 | ) | (0.10 | ) | (0.04 | ) | ||||||||||||
Net realized gains on investments | (3.08 | ) | — | — | (1.03 | ) | (0.66 | ) | — | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total distributions | (3.17 | ) | (0.09 | ) | (0.36 | ) | (1.20 | ) | (0.76 | ) | (0.04 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 21.60 | $ | 23.23 | $ | 21.34 | $ | 17.79 | $ | 16.37 | $ | 25.58 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total return(C) | 7.98 | %(D) | 9.33 | % | 22.15 | % | 17.50 | % | (33.95 | )% | 16.57 | % | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets end of period/year (000’s) | $ | 9,441 | $ | 9,996 | $ | 14,658 | $ | 17,787 | $ | 32,469 | $ | 96,573 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 2.42 | %(E) | 2.29 | % | 2.34 | %(U) | 2.46 | %(U) | 2.15 | % | 2.14 | % | ||||||||||||
Before reimbursement/waiver or recapture | 2.35 | %(E) | 2.32 | % | 2.34 | %(U) | 2.46 | %(U) | 2.15 | % | 2.14 | % | ||||||||||||
Net investment income, to average net assets | 0.36 | %(E) | 0.25 | % | 1.73 | % | 1.02 | % | 0.59 | % | 0.15 | % | ||||||||||||
Portfolio turnover rate | 59 | %(D) | 263 | % | 99 | % | 100 | % | 52 | % | 52 | % |
For a share outstanding throughout each period | Transamerica Multi-Managed Balanced | |||||||||||||||||||||||
Class C | ||||||||||||||||||||||||
April 30, 2012 (unaudited) | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | October 31, 2007 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 23.09 | $ | 21.20 | $ | 17.69 | $ | 16.30 | $ | 25.50 | $ | 21.91 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(B) | 0.07 | 0.13 | 0.40 | 0.18 | 0.15 | 0.04 | ||||||||||||||||||
Net realized and change in unrealized gain (loss) on investments | 1.49 | 1.91 | 3.53 | 2.46 | (8.56 | ) | 3.59 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total from investment operations | 1.56 | 2.04 | 3.93 | 2.64 | (8.41 | ) | 3.63 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.12 | ) | (0.15 | ) | (0.42 | ) | (0.22 | ) | (0.13 | ) | (0.04 | ) | ||||||||||||
Net realized gains on investments | (3.08 | ) | — | — | (1.03 | ) | (0.66 | ) | — | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total distributions | (3.20 | ) | (0.15 | ) | (0.42 | ) | (1.25 | ) | (0.79 | ) | (0.04 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 21.45 | $ | 23.09 | $ | 21.20 | $ | 17.69 | $ | 16.30 | $ | 25.50 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total return(C) | 8.15 | %(D) | 9.63 | % | 22.43 | % | 17.80 | % | (33.92 | )% | 16.61 | % | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets end of period/year (000’s) | $ | 50,153 | $ | 38,868 | $ | 24,194 | $ | 16,933 | $ | 17,719 | $ | 32,569 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 2.07 | %(E) | 2.03 | % | 2.11 | %(U) | 2.27 | %(U) | 2.08 | % | 2.11 | % | ||||||||||||
Before reimbursement/waiver or recapture | 1.99 | %(E) | 2.05 | % | 2.11 | %(U) | 2.27 | %(U) | 2.08 | % | 2.11 | % | ||||||||||||
Net investment income, to average net assets | 0.69 | %(E) | 0.55 | % | 2.09 | % | 1.15 | % | 0.69 | % | 0.18 | % | ||||||||||||
Portfolio turnover rate | 59 | %(D) | 263 | % | 99 | % | 100 | % | 52 | % | 52 | % |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 96 |
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
For a share outstanding throughout each period | Transamerica Multi-Managed Balanced | Transamerica Quality Value | ||||||||||||||||||
Class I | Class A | |||||||||||||||||||
April 30, 2012 (unaudited) | October 31, 2011 | October 31, 2010(G) | April 30, 2012 (unaudited) | October 31, 2011(V) | ||||||||||||||||
Net asset value | ||||||||||||||||||||
Beginning of period/year | $ | 23.40 | $ | 21.46 | $ | 18.49 | $ | 10.30 | $ | 10.00 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Investment operations | ||||||||||||||||||||
Net investment income(B) | 0.18 | 0.38 | 0.57 | 0.09 | 0.11 | |||||||||||||||
Net realized and change in unrealized gain on investments | 1.52 | 1.91 | 2.98 | 1.04 | 0.28 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total from investment operations | 1.70 | 2.29 | 3.55 | 1.13 | 0.39 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Distributions | ||||||||||||||||||||
Net investment income | (0.21 | ) | (0.35 | ) | (0.58 | ) | (0.09 | ) | (0.09 | ) | ||||||||||
Net realized gains on investments | (3.08 | ) | — | — | — | — | ||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total distributions | (3.29 | ) | (0.35 | ) | (0.58 | ) | (0.09 | ) | (0.09 | ) | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net asset value | ||||||||||||||||||||
End of period/year | $ | 21.81 | $ | 23.40 | $ | 21.46 | $ | 11.34 | $ | 10.30 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total return(C) | 8.72 | %(D) | 10.70 | % | 19.52 | %(D) | 11.05 | %(D) | 3.94 | %(D) | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net assets end of period/year (000’s) | $ | 177,653 | $ | 12,086 | $ | 265 | $ | 1,829 | $ | 1,021 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Ratio and supplemental data | ||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||
After reimbursement/waiver or recapture | 1.04 | %(E) | 1.00 | % | 1.46 | %(E),(U) | 1.19 | %(E) | 1.32 | %(E) | ||||||||||
Before reimbursement/waiver or recapture | 0.96 | %(E) | 1.01 | % | 2.01 | %(E),(U) | 1.19 | %(E) | 1.32 | %(E) | ||||||||||
Net investment income, to average net assets | 1.66 | %(E) | 1.61 | % | 3.15 | %(E) | 1.60 | %(E) | 1.09 | %(E) | ||||||||||
Portfolio turnover rate | 59 | %(D) | 263 | % | 99 | %(D) | 16 | %(D) | 35 | %(D) |
For a share outstanding throughout each period | Transamerica Quality Value | |||||||||||||||||||||||
Class C | Class I | Class I2(H) | ||||||||||||||||||||||
April 30, 2012 (unaudited) | October 31, 2011(V) | April 30, 2012 (unaudited) | October 31, 2011(V) | April 30, 2012 (unaudited) | October 31, 2011(V) | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 10.29 | $ | 10.00 | $ | 10.31 | $ | 10.00 | $ | 10.32 | $ | 10.00 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(B) | 0.05 | 0.06 | 0.10 | 0.13 | 0.11 | 0.16 | ||||||||||||||||||
Net realized and change in unrealized gain on investments | 1.04 | 0.28 | 1.05 | 0.30 | 1.04 | 0.30 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total from investment operations | 1.09 | 0.34 | 1.15 | 0.43 | 1.15 | 0.46 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.07 | ) | (0.05 | ) | (0.11 | ) | (0.12 | ) | (0.11 | ) | (0.14 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total distributions | (0.07 | ) | (0.05 | ) | (0.11 | ) | (0.12 | ) | (0.11 | ) | (0.14 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 11.31 | $ | 10.29 | $ | 11.35 | $ | 10.31 | $ | 11.36 | $ | 10.32 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total return(C) | 10.60 | %(D) | 3.38 | %(D) | 11.19 | %(D) | 4.31 | %(D) | 11.23 | %(D) | 4.60 | %(D) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets end of period/year (000’s) | $ | 1,847 | $ | 1,752 | $ | 11,780 | $ | 7,855 | $ | 1,664,076 | $ | 1,328,468 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/waiver | 1.88 | %(E) | 1.91 | %(E) | 0.85 | %(E) | 0.95 | %(E) | 0.74 | %(E) | 0.76 | %(E) | ||||||||||||
Before reimbursement/waiver | 1.88 | %(E) | 1.91 | %(E) | 0.85 | %(E) | 0.95 | %(E) | 0.74 | %(E) | 0.76 | %(E) | ||||||||||||
Net investment income, to average net assets | 0.97 | %(E) | 0.49 | %(E) | 1.94 | %(E) | 1.38 | %(E) | 2.10 | %(E) | 1.61 | %(E) | ||||||||||||
Portfolio turnover rate | 16 | %(D) | 35 | %(D) | 16 | %(D) | 35 | %(D) | 16 | %(D) | 35 | %(D) |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 97 |
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
For a share outstanding throughout each period | Transamerica Short-Term Bond | |||||||||||||||||||
Class A | ||||||||||||||||||||
April 30, 2012 (unaudited) | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008(T) | ||||||||||||||||
Net asset value | ||||||||||||||||||||
Beginning of period/year | $ | 10.33 | $ | 10.53 | $ | 10.26 | $ | 9.44 | $ | 10.00 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Investment operations | ||||||||||||||||||||
Net investment income(B) | 0.17 | 0.37 | 0.43 | 0.51 | 0.38 | |||||||||||||||
Net realized and change in unrealized gain (loss) on investments | 0.12 | (0.16 | ) | 0.29 | 0.78 | (0.54 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total from investment operations | 0.29 | 0.21 | 0.72 | 1.29 | (0.16 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Distributions | ||||||||||||||||||||
Net investment income | (0.18 | ) | (0.39 | ) | (0.45 | ) | (0.47 | ) | (0.40 | ) | ||||||||||
Net realized gains on investments | (0.07 | ) | (0.02 | ) | — | — | — | |||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total distributions | (0.25 | ) | (0.41 | ) | (0.45 | ) | (0.47 | ) | (0.40 | ) | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net asset value | ||||||||||||||||||||
End of period/year | $ | 10.37 | $ | 10.33 | $ | 10.53 | $ | 10.26 | $ | 9.44 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total return(C) | 2.90 | %(D) | 2.01 | % | 7.15 | % | 13.40 | % | (1.70 | )%(D) | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net assets end of period/year (000’s) | $ | 740,062 | $ | 779,041 | $ | 856,959 | $ | 289,879 | $ | 5,663 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Ratio and supplemental data | ||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||
After reimbursement/waiver or recapture | 0 .82 | %(E) | 0 .82 | % | 0 .83 | % | 0 .91 | % | 1.11 | %(E) | ||||||||||
Before reimbursement/waiver or recapture | 0 .91 | %(E) | 0 .92 | % | 0 .97 | % | 1 .09 | % | 1.11 | %(E) | ||||||||||
Net investment income, to average net assets | 3 .42 | %(E) | 3 .58 | % | 4 .16 | % | 5 .14 | % | 3.92 | %(E) | ||||||||||
Portfolio turnover rate | 37 | %(D) | 51 | % | 54 | % | 77 | % | 67 | %(D) | ||||||||||
For a share outstanding throughout each period | Transamerica Short-Term Bond | |||||||||||||||||||
Class C | ||||||||||||||||||||
April 30, 2012 (unaudited) | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008(T) | ||||||||||||||||
Net asset value | ||||||||||||||||||||
Beginning of period/year | $ | 10.31 | $ | 10.51 | $ | 10.24 | $ | 9.42 | $ | 10.00 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Investment operations | ||||||||||||||||||||
Net investment income(B) | 0.14 | 0.29 | 0.36 | 0.43 | 0.32 | |||||||||||||||
Net realized and change in unrealized gain (loss) on investments | 0.11 | (0.17 | ) | 0.28 | 0.80 | (0.55 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total from investment operations | 0.25 | 0.12 | 0.64 | 1.23 | (0.23 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Distributions | ||||||||||||||||||||
Net investment income | (0.14 | ) | (0.30 | ) | (0.37 | ) | (0.41 | ) | (0.35 | ) | ||||||||||
Net realized gains on investments | (0.07 | ) | (0.02 | ) | — | — | — | |||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total distributions | (0.21 | ) | (0.32 | ) | (0.37 | ) | (0.41 | ) | (0.35 | ) | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net asset value | ||||||||||||||||||||
End of period/year | $ | 10.35 | $ | 10.31 | $ | 10.51 | $ | 10.24 | $ | 9.42 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total return(C) | 2.51 | %(D) | 1.23 | % | 6.32 | % | 12.74 | % | (2.43 | )%(D) | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net assets end of period/year (000’s) | $ | 833,814 | $ | 846,464 | $ | 834,859 | $ | 317,130 | $ | 7,263 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Ratio and supplemental data | ||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||
After reimbursement/waiver or recapture | 1 .59 | %(E) | 1 .59 | % | 1 .59 | % | 1 .65 | % | 1.76 | %(E) | ||||||||||
Before reimbursement/waiver or recapture | 1 .59 | %(E) | 1 .59 | % | 1 .63 | % | 1 .74 | % | 1.76 | %(E) | ||||||||||
Net investment income, to average net assets | 2 .66 | %(E) | 2 .81 | % | 3 .40 | % | 4 .38 | % | 3.28 | %(E) | ||||||||||
Portfolio turnover rate | 37 | %(D) | 51 | % | 54 | % | 77 | % | 67 | %(D) |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 98 |
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
For a share outstanding throughout each period | Transamerica Short-Term Bond | |||||||||||
Class I | ||||||||||||
April 30, 2012 (unaudited) | October 31, 2011 | October 31, 2010(G) | ||||||||||
Net asset value | ||||||||||||
Beginning of period/year | $ | 10.15 | $ | 10.35 | $ | 10.14 | ||||||
|
|
|
|
|
| |||||||
Investment operations | ||||||||||||
Net investment income(B) | 0.18 | 0.38 | 0.39 | |||||||||
Net realized and change in unrealized gain (loss) on investments | 0.12 | (0.16 | ) | 0.24 | ||||||||
|
|
|
|
|
| |||||||
Total from investment operations | 0.30 | 0.22 | 0.63 | |||||||||
|
|
|
|
|
| |||||||
Distributions | ||||||||||||
Net investment income | (0.19 | ) | (0.40 | ) | (0.42 | ) | ||||||
Net realized gains on investments | (0.07 | ) | (0.02 | ) | — | |||||||
|
|
|
|
|
| |||||||
Total distributions | (0.26 | ) | (0.42 | ) | (0.42 | ) | ||||||
|
|
|
|
|
| |||||||
Net asset value | ||||||||||||
End of period/year | $ | 10.19 | $ | 10.15 | $ | 10.35 | ||||||
|
|
|
|
|
| |||||||
Total return(C) | 3.02 | %(D) | 2.16 | % | 6.34 | %(D) | ||||||
|
|
|
|
|
| |||||||
Net assets end of period/year (000’s) | $ | 328,527 | $ | 270,667 | $ | 198,461 | ||||||
|
|
|
|
|
| |||||||
Ratio and supplemental data | ||||||||||||
Expenses to average net assets | ||||||||||||
After reimbursement/waiver or recapture | 0.63 | %(E) | 0.64 | % | 0.65 | %(E) | ||||||
Before reimbursement/waiver or recapture | 0.63 | %(E) | 0.64 | % | 0.67 | %(E) | ||||||
Net investment income, to average net assets | 3.61 | %(E) | 3.75 | % | 4.17 | %(E) | ||||||
Portfolio turnover rate | 37 | %(D) | 51 | % | 54 | %(D) |
For a share outstanding throughout each period | Transamerica Short-Term Bond | |||||||||||||||||||||||
Class I2(H) | ||||||||||||||||||||||||
April 30, 2012 (unaudited) | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | October 31, 2007 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 10.14 | $ | 10.34 | $ | 10.08 | $ | 9.28 | $ | 9.82 | $ | 9.84 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(B) | 0.19 | 0.40 | 0.46 | 0.50 | 0.43 | 0.47 | ||||||||||||||||||
Net realized and change in unrealized gain (loss) on investments | 0.12 | (0.17 | ) | 0.27 | 0.80 | (0.54 | ) | (0.04 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total from investment operations | 0.31 | 0.23 | 0.73 | 1.30 | (0.11 | ) | 0.43 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.19 | ) | (0.41 | ) | (0.47 | ) | (0.50 | ) | (0.43 | ) | (0.45 | ) | ||||||||||||
Net realized gains on investments | (0.07 | ) | (0.02 | ) | — | — | — | — | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total distributions | (0.26 | ) | (0.43 | ) | (0.47 | ) | (0.50 | ) | (0.43 | ) | (0.45 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 10.19 | $ | 10.14 | $ | 10.34 | $ | 10.08 | $ | 9.28 | $ | 9.82 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total return(C) | 3.17 | %(D) | 2.28 | % | 7.37 | % | 14.44 | % | (1.22 | )% | 4.45 | % | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets end of period/year (000’s) | $ | 907,403 | $ | 924,917 | $ | 999,064 | $ | 710,660 | $ | 492,333 | $ | 563,889 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 0.53 | %(E) | 0.53 | % | 0.53 | % | 0.63 | % | 0.68 | % | 0.67 | % | ||||||||||||
Before reimbursement/waiver or recapture | 0.53 | %(E) | 0.53 | % | 0.58 | % | 0.69 | % | 0.68 | % | 0.67 | % | ||||||||||||
Net investment income, to average net assets | 3.72 | %(E) | 3.87 | % | 4.52 | % | 5.14 | % | 4.38 | % | 4.81 | % | ||||||||||||
Portfolio turnover rate | 37 | %(D) | 51 | % | 54 | % | 77 | % | 67 | % | 117 | % |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 99 |
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
For a share outstanding throughout each period | Transamerica Small Cap Value | |||||||||||||||
Class A | Class C | Class I | Class I2 | |||||||||||||
April 30, 2012(M) (unaudited) | April 30, 2012(M) (unaudited) | April 30, 2012(M) (unaudited) | April 30, 2012(M) (unaudited) | |||||||||||||
Net asset value | ||||||||||||||||
Beginning of period/year | $ | 10.00 | $ | 10.00 | $ | 10.00 | $ | 10.00 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Investment operations | ||||||||||||||||
Net investment income(B) | — | — | — | — | ||||||||||||
Net realized and change in unrealized gain on investments | — | — | — | — | ||||||||||||
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| |||||||||
Total from investment operations | — | — | — | — | ||||||||||||
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| |||||||||
Distributions | ||||||||||||||||
Return of capital | — | — | — | — | ||||||||||||
Net asset value | ||||||||||||||||
End of period/year | $ | 10.00 | $ | 10.00 | $ | 10.00 | $ | 10.00 | ||||||||
|
|
|
|
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| |||||||||
Total return(C) | — | %(D) | — | %(D) | — | %(D) | — | %(D) | ||||||||
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| |||||||||
Net assets end of period/year (000’s) | $ | 250 | $ | 250 | $ | 250 | $ | 99,761 | ||||||||
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| |||||||||
Ratio and supplemental data | ||||||||||||||||
Expenses to average net assets | ||||||||||||||||
After reimbursement/waiver or recapture | — | % | — | % | — | % | — | % | ||||||||
Before reimbursement/waiver or recapture | — | % | — | % | — | % | — | % | ||||||||
Net investment income, to average net assets | — | % | — | % | — | % | — | % |
For a share outstanding throughout each period | Transamerica Small/Mid Cap Value | |||||||||||||||||||||||
Class A | ||||||||||||||||||||||||
April 30, 2012 (unaudited) | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | October 31, 2007 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 20.65 | $ | 18.89 | $ | 14.72 | $ | 12.70 | $ | 23.78 | $ | 17.78 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income (loss)(B) | 0.05 | (0.06 | ) | (0.02 | ) | — | (J) | 0.21 | 0.14 | |||||||||||||||
Net realized and change in unrealized gain (loss) on investments | 2.32 | 1.82 | 4.19 | 2.33 | (8.64 | ) | 6.30 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total from investment operations | 2.37 | 1.76 | 4.17 | 2.33 | (8.43 | ) | 6.44 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | — | (J) | — | — | (0.31 | ) | (0.16 | ) | (0.13 | ) | ||||||||||||||
Net realized gains on investments | (1.14 | ) | — | — | — | (2.49 | ) | (0.31 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total distributions | (1.14 | ) | — | — | (0.31 | ) | (2.65 | ) | (0.44 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 21.88 | $ | 20.65 | $ | 18.89 | $ | 14.72 | $ | 12.70 | $ | 23.78 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total return(C) | 12.39 | %(D) | 9.32 | % | 28.33 | % | 19.12 | % | (39.47 | )% | 36.99 | % | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets end of period/year (000’s) | $ | 335,959 | $ | 323,147 | $ | 283,240 | $ | 201,569 | $ | 199,210 | $ | 96,667 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | �� | |||||||||||||||||||||||
After reimbursement/waiver or recapture | 1.41 | %(E) | 1.43 | % | 1.47 | % | 1.59 | % | 1.41 | % | 1.41 | % | ||||||||||||
Before reimbursement/waiver or recapture | 1.41 | %(E) | 1.43 | % | 1.47 | % | 1.59 | % | 1.41 | % | 1.41 | % | ||||||||||||
Net investment income (loss), to average net assets | 0.47 | %(E) | (0.27 | )% | (0.12 | )% | — | %(R) | 1.18 | % | 0.71 | % | ||||||||||||
Portfolio turnover rate | 38 | %(D) | 174 | % | 57 | % | 101 | % | 48 | % | 22 | % |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 100 |
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
For a share outstanding throughout each period | Transamerica Small/Mid Cap Value | |||||||||||||||||||||||
Class B | ||||||||||||||||||||||||
April 30, 2012 (unaudited) | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | October 31, 2007 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 19.60 | $ | 18.05 | $ | 14.16 | $ | 12.19 | $ | 22.89 | $ | 17.12 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income (loss)(B) | (0.02 | ) | (0.20 | ) | (0.12 | ) | (0.08 | ) | 0.06 | 0.02 | ||||||||||||||
Net realized and change in unrealized gain (loss) on investments | 2.20 | 1.75 | 4.01 | 2.26 | (8.27 | ) | 6.06 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total from investment operations | 2.18 | 1.55 | 3.89 | 2.18 | (8.21 | ) | 6.08 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | — | (J) | — | — | (0.21 | ) | — | — | ||||||||||||||||
Net realized gains on investments | (1.14 | ) | — | — | — | (2.49 | ) | (0.31 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total distributions | (1.14 | ) | — | — | (0.21 | ) | (2.49 | ) | (0.31 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 20.64 | $ | 19.60 | $ | 18.05 | $ | 14.16 | $ | 12.19 | $ | 22.89 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total return(C) | 12.07 | %(D) | 8.59 | % | 27.47 | % | 18.37 | % | (39.85 | )% | 36.09 | % | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets end of period/year (000’s) | $ | 33,792 | $ | 33,830 | $ | 38,355 | $ | 34,573 | $ | 31,716 | $ | 53,285 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 2.08 | %(E) | 2.09 | % | 2.12 | % | 2.24 | % | 2.07 | % | 2.07 | % | ||||||||||||
Before reimbursement/waiver or recapture | 2.08 | %(E) | 2.09 | % | 2.12 | % | 2.24 | % | 2.07 | % | 2.07 | % | ||||||||||||
Net investment income (loss), to average net assets | (0.19 | )%(E) | (0.95 | )% | (0.74 | )% | (0.66 | )% | 0.34 | % | 0.12 | % | ||||||||||||
Portfolio turnover rate | 38 | %(D) | 174 | % | 57 | % | 101 | % | 48 | % | 22 | % | ||||||||||||
For a share outstanding throughout each period | Transamerica Small/Mid Cap Value | |||||||||||||||||||||||
Class C | ||||||||||||||||||||||||
April 30, 2012 (unaudited) | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | October 31, 2007 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 19.40 | $ | 17.86 | $ | 14.00 | $ | 12.10 | $ | 22.81 | $ | 17.09 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income (loss)(B) | (0.01 | ) | (0.18 | ) | (0.12 | ) | (0.08 | ) | 0.09 | 0.02 | ||||||||||||||
Net realized and change in unrealized gain (loss) on investments | 2.16 | 1.72 | 3.98 | 2.23 | (8.24 | ) | 6.05 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total from investment operations | 2.15 | 1.54 | 3.86 | 2.15 | (8.15 | ) | 6.07 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | — | (J) | — | — | (0.25 | ) | (0.07 | ) | (0.04 | ) | ||||||||||||||
Net realized gains on investments | (1.14 | ) | — | — | — | (2.49 | ) | (0.31 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total distributions | (1.14 | ) | — | — | (0.25 | ) | (2.56 | ) | (0.35 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 20.41 | $ | 19.40 | $ | 17.86 | $ | 14.00 | $ | 12.10 | $ | 22.81 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total return(C) | 12.04 | %(D) | 8.62 | % | 27.57 | % | 18.42 | % | (39.84 | )% | 36.16 | % | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets end of period/year (000’s) | $ | 202,235 | $ | 181,765 | $ | 169,903 | $ | 115,960 | $ | 95,729 | $ | 63,856 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 2.03 | %(E) | 2.05 | % | 2.07 | % | 2.20 | % | 2.04 | % | 2.04 | % | ||||||||||||
Before reimbursement/waiver or recapture | 2.03 | %(E) | 2.05 | % | 2.07 | % | 2.20 | % | 2.04 | % | 2.04 | % | ||||||||||||
Net investment income (loss), to average net assets | (0.15 | )%(E) | (0.89 | )% | (0.73 | )% | (0.63 | )% | 0.52 | % | 0.10 | % | ||||||||||||
Portfolio turnover rate | 38 | %(D) | 174 | % | 57 | % | 101 | % | 48 | % | 22 | % |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 101 |
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
For a share outstanding throughout each period | Transamerica Small/Mid Cap Value | |||||||||||
Class I | ||||||||||||
April 30, 2012 (unaudited) | October 31, 2011 | October 31, 2010(G) | ||||||||||
Net asset value | ||||||||||||
Beginning of period/year | $ | 21.03 | $ | 19.15 | $ | 15.44 | ||||||
|
|
|
|
|
| |||||||
Investment operations | ||||||||||||
Net investment income (loss)(B) | 0.10 | 0.05 | (0.02 | ) | ||||||||
Net realized and change in unrealized gain on investments | 2.36 | 1.83 | 3.73 | |||||||||
|
|
|
|
|
| |||||||
Total from investment operations | 2.46 | 1.88 | 3.71 | |||||||||
|
|
|
|
|
| |||||||
Distributions | ||||||||||||
Net Investment Income | — | (J) | — | — | ||||||||
Net realized gains on investments | (1.14 | ) | — | — | ||||||||
|
|
|
|
|
| |||||||
Total distributions | (1.14 | ) | — | — | ||||||||
|
|
|
|
|
| |||||||
Net asset value | ||||||||||||
End of period/year | $ | 22.35 | $ | 21.03 | $ | 19.15 | ||||||
|
|
|
|
|
| |||||||
Total return(C) | 12.60 | %(D) | 9.82 | % | 24.03 | %(D) | ||||||
|
|
|
|
|
| |||||||
Net assets end of period/year (000’s) | $ | 101,004 | $ | 68,499 | $ | 40,346 | ||||||
|
|
|
|
|
| |||||||
Ratio and supplemental data | ||||||||||||
Expenses to average net assets | ||||||||||||
After reimbursement/waiver or recapture | 0.97 | %(E) | 1.00 | % | 1.04 | %(E) | ||||||
Before reimbursement/waiver or recapture | 0.97 | %(E) | 1.00 | % | 1.04 | %(E) | ||||||
Net investment income (loss), to average net assets | 0.90 | %(E) | 0.24 | % | (0.11 | )%(E) | ||||||
Portfolio turnover rate | 38 | %(D) | 174 | % | 57 | %(D) |
For a share outstanding throughout each period | Transamerica Small/Mid Cap Value | |||||||||||||||||||||||
Class I2(H) | ||||||||||||||||||||||||
April 30, 2012 (unaudited) | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | October 31, 2007 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 21.03 | $ | 19.13 | $ | 14.82 | $ | 12.81 | $ | 23.91 | $ | 17.87 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(B) | 0.11 | 0.06 | 0.08 | 0.11 | 0.30 | 0.26 | ||||||||||||||||||
Net realized and change in unrealized gain (loss) on investments | 2.37 | 1.84 | 4.23 | 2.31 | (8.67 | ) | 6.32 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total from investment operations | 2.48 | 1.90 | 4.31 | 2.42 | (8.37 | ) | 6.58 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | — | — | — | (0.41 | ) | (0.24 | ) | (0.23 | ) | |||||||||||||||
Net realized gains on investments | (1.14 | ) | — | — | — | (2.49 | ) | (0.31 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total distributions | (1.14 | ) | — | — | (0.41 | ) | (2.73 | ) | (0.54 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 22.37 | $ | 21.03 | $ | 19.13 | $ | 14.82 | $ | 12.81 | $ | 23.91 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total return(C) | 12.70 | %(D) | 9.93 | % | 29.00 | % | 19.85 | % | (39.11 | )% | 37.78 | % | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets end of period/year (000’s) | $ | 14,237 | $ | 12,935 | $ | 15,893 | $ | 10,746 | $ | 214,351 | $ | 487,605 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 0.87 | %(E) | 0.88 | % | 0.88 | % | 0.91 | % | 0.85 | % | 0.85 | % | ||||||||||||
Before reimbursement/waiver or recapture | 0.87 | %(E) | 0.88 | % | 0.88 | % | 0.91 | % | 0.85 | % | 0.85 | % | ||||||||||||
Net investment income, to average net assets | 1.01 | %(E) | 0.26 | % | 0.47 | % | 0.89 | % | 1.58 | % | 1.30 | % | ||||||||||||
Portfolio turnover rate | 38 | %(D) | 174 | % | 57 | % | 101 | % | 48 | % | 22 | % |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 102 |
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
For a share outstanding throughout each period | Transamerica Tactical Income(X) | |||||||||||
Class A | Class C | Class I | ||||||||||
April 30, 2012(W) | April 30, 2012(W) | April 30, 2012(W) | ||||||||||
Net asset value | ||||||||||||
Beginning of period/year | $ | 10.00 | $ | 10.00 | $ | 10.00 | ||||||
|
|
|
|
|
| |||||||
Investment operations | ||||||||||||
Net investment income(B) | 0.15 | 0.11 | 0.16 | |||||||||
Net realized and change in unrealized gain on investments | 0.29 | 0.28 | 0.28 | |||||||||
|
|
|
|
|
| |||||||
Total from investment operations | 0.44 | 0.39 | 0.44 | |||||||||
|
|
|
|
|
| |||||||
Distributions | ||||||||||||
Net investment income | (0.27 | ) | (0.25 | ) | (0.27 | ) | ||||||
|
|
|
|
|
| |||||||
Total distributions | (0.27 | ) | (0.25 | ) | (0.27 | ) | ||||||
|
|
|
|
|
| |||||||
Net asset value | ||||||||||||
End of period/year | $ | 10.17 | $ | 10.14 | $ | 10.17 | ||||||
|
|
|
|
|
| |||||||
Total return(C) | 4.40 | %(D) | 3.97 | %(D) | 4.47 | %(D) | ||||||
|
|
|
|
|
| |||||||
Net assets end of period/year (000’s) | $ | 68,686 | $ | 55,150 | $ | 83,876 | ||||||
|
|
|
|
|
| |||||||
Ratio and supplemental data | ||||||||||||
Expenses to average net assets | ||||||||||||
After reimbursement/waiver or recapture | 0.92 | %(E) | 1.67 | %(E) | 0.67 | %(E) | ||||||
Before reimbursement/waiver or recapture | 1.27 | %(E) | 1.97 | %(E) | 1.05 | %(E) | ||||||
Net investment income, to average net assets | 3.00 | %(E) | 2.16 | %(E) | 3.17 | %(E) | ||||||
Portfolio turnover rate | 35 | %(D) | 35 | %(D) | 35 | %(D) |
(A) | Commenced operations November 13, 2009. |
(B) | Calculation is based on average number of shares outstanding. |
(C) | Total return has been calculated for the applicable period without deduction of a sales load, if any, on an initial purchase. |
(D) | Not annualized. |
(E) | Annualized. |
(F) | Includes Redemption Fees, if any. The impact of Redemption Fees is less than 0.01% for Class A, Class B, Class C, and Class I2, respectively. |
(G) | Commenced operations November 30, 2009. |
(H) | Effective November 30, 2009, all previously existing Class I shares were re-designated as Class I2 Shares. |
(I) | Commenced operations September 30, 2011. |
(J) | Rounds to less than $0.01. |
(K) | Commenced operations February 10, 2012. |
(L) | Commenced operations August 31, 2011. |
(M) | Commenced operations April 30, 2012. |
(N) | Includes extraordinary expenses. The impact of the expenses was 0.01%. |
(O) | Commenced operations March 1, 2012. |
(P) | Commenced operations March 1, 2011. |
(Q) | Prior to March 1, 2011, information provided in previous periods reflects TS&W International Equity Portfolio, which is the accounting survivor pursuant to a Plan of Reorganization. Prior to November 1, 2010, the financial highlights were audited by another independent registered public accounting firm. |
(R) | Rounds to less than (0.01%) or 0.01%. |
(S) | Transamerica Asset Management, Inc. or any of its affiliates waive fees or reimburse expenses in order to avoid a negative yield. Refer to the notes to the financial statements for details. |
(T) | Commenced operations November 1, 2007. |
(U) | Includes extraordinary expenses. The impact of the expenses were 0.01% and 0.02% for 2010 and 2009, respectively. |
(V) | Commenced operations November 15, 2010. |
(W) | Commenced operations October 31, 2011. |
(X) | Includes information from inception date of October 31, 2011 through period end. |
Note: Prior to November 1, 2009, all financial highlights, with the exception of Transamerica International Equity, were audited by another independent registered public accounting firm.
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
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NOTES TO FINANCIAL STATEMENTS
At April 30, 2012
(all amounts in thousands)
(unaudited)
NOTE 1. ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES
Transamerica Funds (the “Trust”) is an open-end management investment company registered under the Investment Company Act of 1940, as amended (the “1940 Act”). Transamerica Tactical Income commenced operations on October 31, 2011. Effective February 10, 2012 Class P shares of the following funds were converted into Class I shares: Transamerica High Yield Bond, Transamerica Money Market, Transamerica Capital Growth, Transamerica Growth Opportunities, Transamerica Multi-Managed Balanced, and Transamerica Diversified Equity. Effective March 1, 2012, the following name changes occurred:
Fund Name | Formerly Known As | |
Transamerica Capital Growth | Transamerica Morgan Stanley Capital Growth | |
Transamerica Diversified Equity | Transamerica WMC Diversified Equity | |
Transamerica Emerging Markets Debt | Transamerica Logan Circle Emerging Markets Debt | |
Transamerica Flexible Income | Transamerica AEGON Flexible Income | |
Transamerica Growth Opportunities | Transamerica Morgan Stanley Growth Opportunities | |
Transamerica High Yield Bond | Transamerica AEGON High Yield Bond | |
Transamerica International Bond | Transamerica JPMorgan International Bond | |
Transamerica International Equity | Transamerica TS&W International Equity | |
Transamerica Money Market | Transamerica AEGON Money Market | |
Transamerica Quality Value | Transamerica WMC Quality Value | |
Transamerica Short-Term Bond | Transamerica AEGON Short-Term Bond | |
Transamerica Small/Mid Cap Value | Transamerica Systematic Small/Mid Cap Value |
Effective March 1, 2012, Transamerica International Bond offers three new classes of shares; Class A, Class C, and Class I. Transamerica Emerging Markets Equity, Transamerica Large Cap Growth, and Transamerica Small Cap Value commenced operations on April 30, 2012.
Transamerica Capital Growth, Transamerica Diversified Equity, Transamerica Emerging Markets Debt, Transamerica Emerging Markets Equity, Transamerica Flexible Income, Transamerica Growth Opportunities, Transamerica High Yield Bond, Transamerica International Bond, Transamerica International Equity, Transamerica Large Cap Growth, Transamerica Money Market, Transamerica Multi-Managed Balanced, Transamerica Quality Value, Transamerica Short-Term Bond, Transamerica Small Cap Value, Transamerica Small/Mid Cap Value, and Transamerica Tactical Income (each, a “Fund”; collectively, the “Funds”) are part of Transamerica Funds.
Transamerica Emerging Markets Debt and Transamerica International Bond are “non-diversified” under the 1940 Act.
Transamerica Diversified Equity has six classes of shares; Class A, Class B, Class C, Class I, Class I2, and Class T. Transamerica Capital Growth, Transamerica Flexible Income, Transamerica Growth Opportunities, Transamerica High Yield Bond, Transamerica Money Market, and Transamerica Small/Mid Cap Value currently have five classes of shares; Class A, Class B, Class C, Class I, and Class I2. Transamerica Multi-Managed Balanced currently has four classes of shares; Class A, Class B, Class C, and Class I. Transamerica Emerging Markets Debt, Transamerica Emerging Markets Equity, Transamerica International Bond, Transamerica International Equity, Transamerica Large Cap Growth, Transamerica Quality Value, Transamerica Short-Term Bond, and Transamerica Small Cap Value currently have four classes of shares; Class A, Class C, Class I, and Class I2. Transamerica Tactical Income currently has three classes of shares; Class A, Class C, and Class I. Each of the above classes has a public offering price that reflects different sales charges, if any, and expense levels. Class B shares will convert to Class A shares eight years after purchase. Effective July 15, 2010, Class B shares of each Fund were no longer offered for purchase.
This report should be read in conjunction with the Funds’ current prospectuses, which contain more complete information about the Funds including investment objectives and strategies.
In the normal course of business, the Funds enter into contracts that contain a variety of representations that provide general indemnifications. The Funds’ maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Funds and/or their affiliates that have not yet occurred. However, based on experience, the Funds expect the risk of loss to be remote.
In preparing the Funds’ financial statements in accordance with accounting principles generally accepted in the United States of America (“GAAP”), estimates or assumptions (which could differ from actual results) may be used that affect reported amounts and disclosures. The following is a summary of significant accounting policies followed by the Funds.
Repurchase agreements: Securities purchased subject to repurchase agreements are held at the Funds’ custodian and, pursuant to the terms of the repurchase agreements, must be collateralized by securities with an aggregate market value greater than or equal to 100% of the resale price. The Funds will bear the risk of value fluctuations until the securities can be sold and may encounter delays and incur costs in liquidating the securities. In the event of bankruptcy or insolvency of the seller, delays and costs may be incurred.
Foreign currency denominated investments: The accounting records of the Funds are maintained in U.S. dollars. Securities and other assets and liabilities denominated in foreign currencies are translated into U.S. dollars at the closing exchange rate each day. The cost of foreign securities is translated at the exchange rate in effect when the investment was acquired. Each Fund combines fluctuations from currency exchange rates and fluctuations in value when computing net realized and unrealized gains or losses from investments.
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NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2012
(all amounts in thousands)
(unaudited)
NOTE 1. (continued)
Net foreign currency gains and losses resulting from changes in exchange rates include: 1) foreign currency fluctuations between trade date and settlement date of investment security transactions; 2) gains and losses on forward foreign currency contracts; and 3) the difference between the receivable amounts of interest and dividends recorded in the accounting records in U.S. dollars and the amounts actually received.
Foreign currency denominated assets may involve risks not typically associated with domestic transactions. These risks include revaluation of currencies, adverse fluctuations in foreign currency values and possible adverse political, social and economic developments, including those particular to a specific industry, country, or region.
Foreign capital gains taxes: The Funds may be subject to taxes imposed by countries in which they invest, with respect to their investments in issuers existing or operating in such countries. Such taxes are generally based on income earned or repatriated and capital gains realized on the sale of such investments. The Funds accrue such taxes when the related income or capital gains are earned. Some countries require governmental approval for the repatriation of investment income, capital or the proceeds of sales earned by foreign investors. In addition, if there is deterioration in a country’s balance of payments or for other reasons, a country may impose temporary restrictions on foreign capital remittances abroad.
Forward foreign currency contracts: The Funds may be subject to foreign currency exchange rate risk exposure in the normal course of pursuing their investment objectives. The Funds enter into forward foreign currency contracts to hedge against exchange rate risk arising from investments in securities denominated in foreign currencies. Forward foreign currency contracts are marked to market daily, with the change in value recorded as an unrealized gain or loss. When the contracts are settled, a realized gain or loss is incurred. Risks may arise from changes in market value of the underlying currencies and from the possible inability of counterparties to meet the terms of their contracts.
Open forward foreign currency contracts at April 30, 2012 are listed in the Schedules of Investments.
Option and swaption contracts: The Funds are subject to equity price risk, interest rate risk, and foreign currency exchange rate risk in the normal course of pursuing their investment objectives. The Funds enter into option contracts to manage exposure to various market fluctuations. Options are valued at the average of the bid and ask (“Mean Quote”) established each day at the close of the board of trade or exchange on which they are traded. The primary risks associated with options are an imperfect correlation between the change in value of the securities held and the prices of the option contracts, the possibility of an illiquid market and an inability of the counterparty to meet the contract terms.
The Funds write call and put options on futures, swaps (“swaptions”), securities or currencies they own or in which they may invest. When a Fund writes a covered call or put option/swaption, an amount equal to the premium received by a Fund is included in the Fund’s Statement of Assets and Liabilities as an asset and as an equivalent liability. Premiums received from writing options/swaptions which expire are treated as realized gains. Premiums received from writing options/swaptions which are exercised or closed are added to the proceeds or offset against amounts paid on the underlying future, swap, security or currency transaction to determine the realized gain or loss. Options are marked-to-market daily to reflect the current value of the option/swaption written.
Funds purchase put and call options on foreign or US securities, indices, futures, swaps (“swaptions”), and commodities. Purchasing call options tends to increase exposure to the underlying instrument. Purchasing put options tends to decrease exposure to the underlying instrument. The Funds pay premiums, which are included in the Statements of Assets and Liabilities as an investment and subsequently marked-to-market to reflect the current value of the option. Premiums paid for purchasing options which expire are treated as realized losses. The risk associated with purchasing put and call options is limited to the premium paid. Premiums paid for purchasing options which are exercised or closed are added to the amounts paid or offset against the proceeds on the underlying futures, swaps, security, commodity, or currency transaction to determine the realized gain or loss. Realized gains or losses are reflected in the realized gains or losses of investment securities on the Statements of Operations.
The underlying face amounts of open option and swaption contracts at April 30, 2012 are listed in the Schedules of Investments.
Transactions in written options were as follows:
Transamerica Multi-Managed Balanced | Premium | Notional Amount | ||||||
Balance at October 31, 2011 | $ | 42 | $ | 66 | ||||
Sales | 35 | 875 | ||||||
Closing Buys | (23 | ) | (653 | ) | ||||
Expirations | (50 | ) | (88 | ) | ||||
Exercised | — | — | ||||||
|
|
|
| |||||
Balance at April 30, 2012 | $ | 4 | $ | 200 |
There were no transactions in written swaptions during the period ended April 30, 2012.
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NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2012
(all amounts in thousands)
(unaudited)
NOTE 1. (continued)
Futures contracts: The Funds are subject to equity price risk, interest rate risk, and foreign currency exchange rate risk in the normal course of pursuing their investment objectives. Certain Funds use futures contracts to gain exposure to, or hedge against, changes in the value of equities, interest rates, or foreign currencies. A futures contract represents a commitment for the future purchase or sale of an asset at a specified price on a specified date. Upon entering into such contracts, the Funds are required to deposit with the broker either in cash or securities an initial margin in an amount equal to a certain percentage of the contract amount.
Subsequent payments (variation margin) are paid or received by the Funds each day, depending on the daily fluctuations in the value of the contracts, and are recorded for financial statement purposes as unrealized gains or losses by the Funds. Upon entering into such contracts, the Funds bear the risk of interest or exchange rates or security prices moving unexpectedly, in which case, the Funds may not achieve the anticipated benefits of the futures contracts and may realize losses. With futures, there is minimal counterparty credit risk to the Funds since futures are exchange traded and the exchange’s clearinghouse, as counterparty to all exchange traded futures, guarantees the futures against default.
The open future contracts at April 30, 2012 are listed in the Schedules of Investments. The variation margin receivable or payable, as applicable, is included in the Statements of Assets and Liabilities.
Short sales: A short sale is a transaction in which a Fund sells securities it does not own, but has borrowed, in anticipation of a decline in the market price of the securities. The Funds are obligated to replace the borrowed securities at the market price at the time of replacement. The Funds’ obligation to replace the securities borrowed in connection with a short sale is fully secured by collateral deposited with the custodian. In addition, the Funds consider the short sale to be a borrowing by the Funds that is subject to the asset coverage requirements of the 1940 Act.
Short sales represent an aggressive trading practice with a high risk/return potential, and short sales involve special considerations. Risks of short sales include that possible losses from short sales may be unlimited (e.g., if the price of stocks sold short rises), whereas losses from direct purchases of securities are limited to the total amount invested, and the Funds may be unable to replace borrowed securities sold short.
The Funds investing in short sales are liable for any dividends payable on securities while those securities are in a short position and also bear other costs, such as charges for the prime brokerage accounts, in connection with its short positions. These costs are reported as broker expense on securities sold short in the Statements of Operations.
Loan participations/assignments: Participations/assignments in commercial loans may be secured or unsecured. These investments may include standby financing commitments, including revolving credit facilities that obligate the Funds to supply additional cash to the borrowers on demand. Loan participations/assignments involve risks of insolvency of the lending banks or other financial intermediaries. As such, the Funds assume the credit risks associated with the corporate borrowers and may assume the credit risks associated with the interposed banks or other financial intermediaries.
The Funds may be contractually obligated to receive approval from the agent banks and/or borrowers prior to the sale of these investments. Loan participations typically represent direct participation in loans to corporate borrowers, and generally are offered by banks or other financial institutions or lending syndicates. The Funds that participate in such syndications, or can buy a portion of the loans, become part lenders. Loans are often administered by agent banks acting as agents for all holders.
The agent banks administer the terms of the loans, as specified in the loan agreements. In addition, the agent banks are normally responsible for the collection of principal and interest payments from the corporate borrowers and the apportionment of these payments to the credit of all institutions that are parties to the loan agreements. Unless, under the terms of the loans or other indebtedness, the portfolios have direct recourse against the corporate borrowers, the Funds may have to rely on the agent banks or other financial intermediaries to apply appropriate credit remedies against corporate borrowers.
The Funds held no unsecured loan participations at April 30, 2012.
To be announced (“TBA”) purchase commitments: TBA purchase commitments are entered into to purchase securities for a fixed price at a future date, typically not to exceed 45 days. They are considered securities in themselves, and involve a risk of loss if the value of the security to be purchased declines prior to settlement date, in addition to the risk of decline in the value of the Funds’ other assets. Unsettled TBA purchase commitments are valued at the current value of the underlying securities, according to the procedures described under Security Valuations. Open balances are included in the payable or receivable for investments purchased or sold.
Restricted and illiquid securities: Restricted and illiquid securities are subject to legal or contractual restrictions on resale or are illiquid. Restricted securities generally may be resold in transactions exempt from registration. A security may be considered illiquid if it lacks a readily available market or if its valuation has not changed for a certain period of time. Disposal of these securities may involve time-consuming negotiations and expense, and prompt sale at the current valuation may be difficult.
The restricted and illiquid securities at April 30, 2012 are listed in the Schedules of Investments.
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NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2012
(all amounts in thousands)
(unaudited)
NOTE 1. (continued)
Payment in-kind securities (“PIKs”) : PIKs give the issuer the option at each interest payment date of making interest payments in either cash or additional debt securities. Those additional debt securities usually have the same terms, including maturity dates and interest rates, and associated risks as the original bonds. The daily market quotations of the original bonds may include the accrued interest (referred to as a “dirty price”) and require a pro-rata adjustment from interest receivable to the unrealized appreciation or depreciation on investments on the Statements of Assets and Liabilities.
The PIKs at April 30, 2012 are listed in the Schedules of Investments.
Cash overdraft: Throughout the period, the Funds may have cash overdraft balances. A fee is incurred on these overdrafts by a rate based on the federal funds rate. Expenses from cash overdrafts are included in Other Expenses on the Statement of Operations.
Real estate investment trusts (“REITs”): There are certain additional risks involved in investing in REITs. These include, but are not limited to, economic conditions, changes in zoning laws, real estate values, property taxes, and interest rates.
Securities lending: Securities are lent to qualified financial institutions and brokers. The lending of Funds’ securities exposes the Funds to risks such as the following: (i) the borrowers may fail to return the loaned securities; (ii) the borrowers may not be able to provide additional collateral; (iii) the Funds may experience delays in recovery of the loaned securities or delays in access to collateral; or (iv) the Funds may experience losses related to the investment collateral. To minimize certain risks, loan counterparties pledge cash collateral equal to at least the market value of the securities loaned. Cash collateral received is invested in the State Street Navigator Securities Lending Trust-Prime Portfolio, a money market mutual fund registered under the 1940 Act. By lending such securities, the Funds seek to increase their net investment income through the receipt of interest (after rebates and fees).
Such income is reflected separately on the Statements of Operations. The value of loaned securities and related collateral outstanding at April 30, 2012 are shown in the Schedules of Investments and Statements of Assets and Liabilities.
Income from loaned securities on the Statements of Operations is net of fees earned by the lending agent for its services.
Commission recapture: The sub-advisers of certain Funds, to the extent consistent with the best execution and usual commission rate policies and practices, have elected to place security transactions of the Funds with broker/dealers with which Transamerica Funds has established a Commission Recapture Program. A Commission Recapture Program is any arrangement under which a broker/dealer applies a portion of the commissions received by such broker/dealer on the security transactions to the Funds. In no event will commissions paid by the Funds be used to pay expenses that would otherwise be borne by any other funds within Transamerica Funds, or by any other party.
Commissions recaptured for the period ended April 30, 2012, are included in net realized gain (loss) in the Statements of Operations and are summarized as follows:
Fund | Commissions | |||
Transamerica Capital Growth | $ | 13 | ||
Transamerica Diversified Equity | — | (A) | ||
Transamerica Growth Opportunities | 17 | |||
Transamerica International Equity | 1 | |||
Transamerica Multi-Managed Balanced | 8 | |||
Transamerica Quality Value | 5 | |||
Transamerica Small/Mid Cap Value | 80 |
(A) | Amount rounds to less than 1. |
Security transactions and investment income: Security transactions are recorded on the trade date. Security gains and losses are calculated on the specific identification basis. Dividend income, if any, is recorded on the ex-dividend date or, in the case of foreign securities, as soon as the Funds are informed of the ex-dividend date. Interest income, including accretion of discounts and amortization of premiums, is recorded on the accrual basis commencing on the settlement date.
Dividend income related to REITs is recorded at the distributions from the REIT investments. Distributions received in excess of the estimated amount are recorded as a reduction of the cost of investments. The actual amounts of income, return of capital and capital gains are only determined by each REIT after the fiscal year end and may differ from the estimated amounts.
Multiple class operations, income, and expenses: Income, non-class specific expenses and realized and unrealized gains and losses are allocated daily to each class, based upon net assets. In addition to the non-class specific expenses, each class bears its own specific expenses.
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NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2012
(all amounts in thousands)
(unaudited)
NOTE 1. (continued)
Dividend distributions: Distributions to shareholders are recorded on the ex-dividend date and are determined in accordance with federal income tax regulations which may differ from GAAP.
The Funds follow the accounting practice known as “Equalization” by which a portion of the proceeds from sales and costs of reacquiring Fund shares, equivalent on a per share basis to the amount of distributable net investment income on the date of the transaction, is credited or charged to undistributed net investment income. As a result, undistributed net investment income per share is unaffected by sales or reacquisition of Fund shares. Amounts related to Equalization can be found on the Statements of Changes in Net Assets.
Foreign taxes: The Funds may be subject to foreign taxes on income, gains on investments or currency repatriation, a portion of which may be recoverable. The Funds will accrue such taxes and recoveries as applicable, based upon the current interpretation of tax rules and regulations that exist in the markets in which the Funds invest.
Redemption fees: Prior to March 1, 2011, TS&W International Equity Portfolio, the predecessor fund of Transamerica International Equity, retained a redemption fee of 1.00% on redemptions of capital shares held for less than 60 days. The redemption fees received are disclosed in the Funds’ Statements of Changes in Net Assets. Effective March 1, 2011, Transamerica International Equity no longer charges redemption fees.
Fair funds settlement: The Securities and Exchange Commission (“SEC”) had investigated several companies and found that there were some companies that conducted rapid in and out trading of mutual funds, known as market timing, through deceptive means. Through a SEC order the companies found to be market timing against mutual funds were required to pay amounts to compensate for the market timing activity. Amounts received as a result of the SEC order are noted on the Statements of Changes in Net Assets.
NOTE 2. SECURITY VALUATIONS
All investments in securities are recorded at their estimated fair value. The Funds value their investments at the close of the NYSE, normally 4 p.m. Eastern Time, each day the NYSE is open for business. The Funds utilize various methods to measure the fair value of their investments on a recurring basis. GAAP 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 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, that 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, which may include Transamerica Asset Management, Inc.’s (“TAM”) Valuation Committee’s own assumptions in determining the fair value 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.
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.
Fair value measurements: Descriptions of the valuation techniques applied to the Funds’ major categories of assets and liabilities measured at fair value on a recurring basis are as follows:
Equity securities (common and preferred stock): 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.
Foreign securities, in which their 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 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, Exchange Traded Funds, and the movement of the certain indices of securities based on a statistical analysis of their historical relationship; such valuations generally are categorized in Level 2.
Preferred stock, repurchase agreements, and other equities traded on inactive markets or valued by reference to similar instruments are also generally categorized in Level 2.
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NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2012
(all amounts in thousands)
(unaudited)
NOTE 2. (continued)
Securities lending collateral: Securities lending collateral is a money market fund, which is valued at the net assets of the underlying portfolios and no valuation adjustments are applied. It is categorized in Level 1 of the fair value hierarchy.
Corporate bonds: The fair value of corporate bonds 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 bonds 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.
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 as Level 3.
Short-term notes: Short-term notes are valued using amortized cost, which approximates fair value. To the extent the inputs are observable and timely, the values would be generally categorized in Level 2 of the fair value hierarchy.
Government securities: Government securities 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. Government securities generally are categorized in Level 2 of the fair value hierarchy.
U.S. government agency securities: U.S. government agency securities 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 securities. Mortgage pass-throughs include to be announced (“TBA”) securities and mortgage pass-through certificates. Generally, TBA securities and mortgage pass-throughs are valued using TBA 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.
Restricted securities (equity and debt): Restricted securities for which quotations are not readily available are valued at fair value as determined in good faith by TAM’s Valuation Committee under the supervision of the Funds’ Board of Trustees. Restricted securities issued by publicly traded companies are generally valued at a discount to similar publicly traded securities. Restricted securities issued by nonpublic entities may be valued by reference to comparable public entities and/or fundamental data relating to the issuer. Depending on the relative significance of valuation inputs, these instruments may be classified in either Level 2 or Level 3 of the fair value hierarchy.
Derivative instruments: 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, option and swaption 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. A substantial majority of OTC derivative products valued by the Funds using pricing models fall into this category and are categorized within Level 2 of the fair value hierarchy.
Other: Securities for which quotations are not readily available or whose values have been determined to be unreliable are valued at fair market value as determined in good faith by TAM’s Valuation Committee under the supervision of the Funds’ Board of Trustees. For instances which daily market quotes are not readily available, securities may be valued, pursuant to procedures adopted by the Board of Trustees, with reference to other instruments or indices. Depending on the relative significance of valuation inputs, these instruments may be classified in either Level 2 or Level 3 of the fair value hierarchy. When a Fund must use fair valuation methods that rely on significant unobservable inputs to determine a security’s value, the Valuation Committee will choose the method that is believed to accurately reflect fair market value. These securities are categorized as Level 3 of the fair value hierarchy.
The hierarchy classification of inputs used to value the Funds’ investments, at April 30, 2012, is disclosed in the Valuation Summary of each Fund’s Schedule of Investments. Transfers between Levels are considered to have occurred at the end of the reporting period.
There were no significant transfers between Level 1 and Level 2 during the period ended April 30, 2012.
For assets and liabilities for which significant unobservable inputs (Level 3) were used, there is a reconciliation of the beginning to the ending balances for reported market values that presents changes attributable to total realized and unrealized gains or losses, purchases and sales, and transfers in/out of the Level 3 category during the period. The Level 3 reconciliation, if any, is disclosed in the Valuation Summary of each respective Fund’s Schedule of Investments.
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Page 109 |
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2012
(all amounts in thousands)
(unaudited)
NOTE 3. RELATED PARTY TRANSACTIONS
TAM, the Funds’ investment adviser, is directly owned by Western Reserve Life Assurance Co. of Ohio and AUSA Holding Company (“AUSA”), both of which are indirect, wholly owned subsidiaries of AEGON NV. AUSA is wholly owned by AEGON USA, LLC (“AEGON USA”), a financial services holding company whose primary emphasis is on life and health insurance, and annuity and investment products. AEGON USA is owned by AEGON US Holding Corporation, which is owned by Transamerica Corporation (DE). Transamerica Corporation (DE) is owned by The AEGON Trust, which is owned by AEGON International B.V., which is owned by AEGON NV, a Netherlands corporation, and a publicly traded international insurance group.
Transamerica Fund Services, Inc. (“TFS”) is the Funds’ administrator and transfer agent. Transamerica Capital, Inc. (“TCI”) is the Funds’ distributor/principal underwriter. TAM, AUIM, TFS, and TCI are affiliates of AEGON NV.
Certain officers and trustees of the Funds are also officers and/or directors of TAM, TFS, and TCI. No interested trustee receives compensation from the Funds.
At the commencement of operations, TAM invested in the Funds. As of April 30, 2012, TAM had investments in the Funds as follows:
Fund Name | Market Value | % of Fund’s Net Assets | ||||||
Transamerica Emerging Markets Equity | ||||||||
Class A | $ | 250 | 1.20 | % | ||||
Class C | 250 | 1.20 | ||||||
Class I | 250 | 1.20 | ||||||
Class I2 | — | (A) | — | (A) | ||||
Transamerica International Bond | ||||||||
Class A | 101 | 0.04 | ||||||
Class C | 101 | 0.04 | ||||||
Class I | 101 | 0.04 | ||||||
Transamerica International Equity | ||||||||
Class A | 96 | 0.05 | ||||||
Class C | 95 | 0.05 | ||||||
Transamerica Large Cap Growth | ||||||||
Class A | 250 | 0.61 | ||||||
Class C | 250 | 0.61 | ||||||
Class I | 250 | 0.61 | ||||||
Class I2 | — | (A) | — | (A) | ||||
Transamerica Small Cap Value | ||||||||
Class A | 250 | 0.25 | ||||||
Class C | 250 | 0.25 | ||||||
Class I | 250 | 0.25 | ||||||
Class I2 | — | (A) | — | (A) | ||||
Transamerica Quality Value | ||||||||
Class A | 289 | 0.02 | ||||||
Class C | 286 | 0.02 |
(A) | Amount rounds to less than 1. |
The following schedule reflects the percentage of each Fund’s assets owned by affiliated investment companies at April 30, 2012:
Transamerica Capital Growth | Market Value | % of Net Assets | ||||||
Transamerica Asset Allocation-Conservative Portfolio | $ | 15,760 | 2.00 | % | ||||
Transamerica Asset Allocation-Growth Portfolio | 79,378 | 10.09 | ||||||
Transamerica Asset Allocation-Moderate Portfolio | 47,216 | 6.01 | ||||||
Transamerica Asset Allocation-Moderate Growth Portfolio | 98,909 | 12.58 | ||||||
Transamerica Asset Allocation-Conservative VP | 47,462 | 6.04 | ||||||
Transamerica Asset Allocation-Growth VP | 49,324 | 6.27 | ||||||
Transamerica Asset Allocation-Moderate Growth VP | 158,317 | 20.13 | ||||||
Transamerica Asset Allocation-Moderate VP | 105,345 | 13.40 | ||||||
|
|
|
| |||||
Total | $ | 601,711 | 76.52 | % | ||||
|
|
|
| |||||
Transamerica Diversified Equity |
Market | % of Net Assets | ||||||
Transamerica Asset Allocation-Conservative Portfolio | $ | 51,526 | 3.14 | % | ||||
Transamerica Asset Allocation-Growth Portfolio | 167,332 | 10.19 | ||||||
Transamerica Asset Allocation-Moderate Portfolio | 162,662 | 9.90 | ||||||
Transamerica Asset Allocation-Moderate Growth Portfolio | 248,387 | 15.13 | ||||||
|
|
|
| |||||
Total | $ | 629,907 | 38.36 | % | ||||
|
|
|
|
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 110 |
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2012
(all amounts in thousands)
(unaudited)
NOTE 3. (continued)
Transamerica Emerging Markets Debt | Market Value | % of Net Assets | ||||||
Transamerica Asset Allocation-Conservative Portfolio | $ | 6,155 | 5.24 | % | ||||
Transamerica Asset Allocation-Moderate Portfolio | 9,986 | 8.49 | ||||||
Transamerica Asset Allocation-Moderate Growth Portfolio | 7,302 | 6.21 | ||||||
Transamerica Multi-Manager Alternative Strategies Portfolio | 9,023 | 7.67 | ||||||
Transamerica Asset Allocation-Conservative VP | 8,847 | 7.52 | ||||||
Transamerica Asset Allocation-Moderate Growth VP | 20,173 | 17.15 | ||||||
Transamerica Asset Allocation-Moderate VP | 19,157 | 16.29 | ||||||
Transamerica International Moderate Growth VP | 299 | 0.26 | ||||||
|
|
|
| |||||
Total | $ | 80,942 | 68.83 | % | ||||
|
|
|
| |||||
Transamerica Flexible Income | Market Value | % of Net Assets | ||||||
Transamerica Asset Allocation-Conservative Portfolio | $ | 17,015 | 6.08 | % | ||||
Transamerica Asset Allocation-Moderate Portfolio | 43,089 | 15.40 | ||||||
Transamerica Asset Allocation-Conservative VP | 11,854 | 4.24 | ||||||
Transamerica Asset Allocation-Moderate Growth VP | 16,686 | 5.96 | ||||||
Transamerica Asset Allocation-Moderate VP | 24,493 | 8.76 | ||||||
|
|
|
| |||||
Total | $ | 113,137 | 40.44 | % | ||||
|
|
|
| |||||
Transamerica Growth Opportunities | Market Value | % of Net Assets | ||||||
Transamerica Asset Allocation-Conservative Portfolio | $ | 18,664 | 2.76 | % | ||||
Transamerica Asset Allocation-Growth Portfolio | 53,302 | 7.88 | ||||||
Transamerica Asset Allocation-Moderate Portfolio | 52,435 | 7.75 | ||||||
Transamerica Asset Allocation-Moderate Growth Portfolio | 98,115 | 14.50 | ||||||
Transamerica Asset Allocation-Conservative VP | 11,342 | 1.68 | ||||||
Transamerica Asset Allocation-Growth VP | 24,912 | 3.68 | ||||||
Transamerica Asset Allocation-Moderate Growth VP | 126,645 | 18.72 | ||||||
Transamerica Asset Allocation-Moderate VP | 55,237 | 8.17 | ||||||
|
|
|
| |||||
Total | $ | 440,652 | 65.14 | % | ||||
|
|
|
| |||||
Transamerica High Yield Bond | Market Value | % of Net Assets | ||||||
Transamerica Asset Allocation-Conservative Portfolio | $ | 29,033 | 4.45 | % | ||||
Transamerica Asset Allocation-Moderate Portfolio | 35,199 | 5.40 | ||||||
Transamerica Asset Allocation-Moderate Growth Portfolio | 51,011 | 7.83 | ||||||
Transamerica Multi-Manager Alternative Strategies Portfolio | 33,581 | 5.15 | ||||||
Transamerica Asset Allocation-Conservative VP | 15,907 | 2.44 | ||||||
Transamerica Asset Allocation-Moderate Growth VP | 23,779 | 3.65 | ||||||
Transamerica Asset Allocation-Moderate VP | 37,790 | 5.80 | ||||||
|
|
|
| |||||
Total | $ | 226,300 | 34.72 | % | ||||
|
|
|
| |||||
Transamerica International Equity | Market Value | % of Net Assets | ||||||
Transamerica Asset Allocation-Conservative Portfolio | $ | 2,325 | 1.23 | % | ||||
Transamerica Asset Allocation-Moderate Portfolio | 5,383 | 2.85 | ||||||
Transamerica Asset Allocation-Moderate Growth Portfolio | 17,713 | 9.36 | ||||||
Transamerica Multi-Manager International Portfolio | 12,764 | 6.75 | ||||||
Transamerica International Moderate Growth VP | 67,401 | 35.64 | ||||||
|
|
|
| |||||
Total | $ | 105,586 | 55.83 | % | ||||
|
|
|
| |||||
Transamerica Money Market | Market Value | % of Net Assets | ||||||
Transamerica Asset Allocation-Conservative Portfolio | $ | 5,357 | 2.35 | % | ||||
Transamerica Asset Allocation-Growth Portfolio | 60 | 0.03 | ||||||
Transamerica Asset Allocation-Moderate Portfolio | 3,987 | 1.75 | ||||||
Transamerica Multi-Manager Alternative Strategies Portfolio | 2,073 | 0.91 | ||||||
Transamerica Asset Allocation-Conservative VP | 8,000 | 3.51 | ||||||
Transamerica Asset Allocation-Growth VP | 6,000 | 2.64 | ||||||
Transamerica Asset Allocation-Moderate Growth VP | 8,000 | 3.51 | ||||||
Transamerica Asset Allocation-Moderate VP | 8,000 | 3.51 | ||||||
Transamerica International Moderate Growth VP | 16,000 | 7.03 | ||||||
|
|
|
| |||||
Total | $ | 57,477 | 25.24 | % | ||||
|
|
|
|
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 111 |
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2012
(all amounts in thousands)
(unaudited)
NOTE 3. (continued)
Transamerica Quality Value | Market Value | % of Net Assets | ||||||
Transamerica Asset Allocation-Conservative Portfolio | $ | 55,410 | 3.30 | % | ||||
Transamerica Asset Allocation-Growth Portfolio | 208,668 | 12.42 | ||||||
Transamerica Asset Allocation-Moderate Portfolio | 159,493 | 9.50 | ||||||
Transamerica Asset Allocation-Moderate Growth Portfolio | 315,551 | 18.79 | ||||||
Transamerica Asset Allocation-Conservative VP | 87,902 | 5.23 | ||||||
Transamerica Asset Allocation-Growth VP | 137,432 | 8.18 | ||||||
Transamerica Asset Allocation-Moderate Growth VP | 415,362 | 24.73 | ||||||
Transamerica Asset Allocation-Moderate VP | 270,565 | 16.11 | ||||||
|
|
|
| |||||
Total | $ | 1,650,383 | 98.26 | % | ||||
|
|
|
| |||||
Transamerica Short-Term Bond | Market Value | % of Net Assets | ||||||
Transamerica Asset Allocation-Conservative Portfolio | $ | 93,101 | 3.31 | % | ||||
Transamerica Asset Allocation-Moderate Portfolio | 142,961 | 5.09 | ||||||
Transamerica Asset Allocation-Moderate Growth Portfolio | 64 | — | (A) | |||||
Transamerica Multi-Manager Alternative Strategies Portfolio | 377 | 0.01 | ||||||
Transamerica Asset Allocation-Conservative VP | 236,008 | 8.40 | ||||||
Transamerica Asset Allocation-Growth VP | 2 | — | ||||||
Transamerica Asset Allocation-Moderate Growth VP | 78,635 | 2.80 | ||||||
Transamerica Asset Allocation-Moderate VP | 335,693 | 11.95 | ||||||
Transamerica International Moderate Growth VP | 9,987 | 0.36 | ||||||
|
|
|
| |||||
Total | $ | 896,828 | 31.92 | % | ||||
|
|
|
|
Investment advisory fees: The Funds pay management fees to TAM based on average daily net assets (“ANA”) at the following breakpoints:
Transamerica Capital Growth | ||||
First $500 million | 0.80 | % | ||
Over $500 million | 0.675 | |||
|
| |||
Transamerica Diversified Equity | ||||
First $500 million | 0.73 | % | ||
Over $500 million up to $2.5 billion | 0.70 | |||
Over $2.5 billion | 0.65 | |||
|
| |||
Transamerica Emerging Markets Debt | ||||
First $400 million | 0.60 | % | ||
Over $400 million | 0.58 | |||
|
| |||
Transamerica Emerging Markets Equity | ||||
First $250 million | 0.95 | % | ||
Over $250 million up to $500 million | 0.93 | |||
Over $500 million | 0.90 | |||
|
| |||
Transamerica Flexible Income | ||||
First $250 million | 0.475 | % | ||
Over $250 million up to $350 million | 0.425 | |||
Over $350 million | 0.40 | |||
|
| |||
Transamerica Growth Opportunities | ||||
First $250 million | 0.80 | % | ||
Over $250 million up to $500 million | 0.75 | |||
Over $500 million | 0.70 | |||
|
| |||
Transamerica High Yield Bond | ||||
First $400 million | 0.59 | % | ||
Over $400 million up to $750 million | 0.575 | |||
Over $750 million | 0.55 | |||
|
| |||
Transamerica International Bond | ||||
First $100 million | 0.55 | % | ||
Over $100 million up to $250 million | 0.52 | |||
Over $250 million up to $500 million | 0.51 | |||
Over $500 million up to $1 billion | 0.50 | |||
Over $1 billion | 0.47 | |||
|
|
Transamerica International Equity | ||||
First $250 million | 0.80 | % | ||
Over $250 million up to $500 million | 0.75 | |||
Over $500 million up to $1 billion | 0.725 | |||
Over $1 billion | 0.70 | |||
|
| |||
Transamerica Large Cap Growth | ||||
First $250 million | 0.675 | % | ||
Over $250 million up to $1 billion | 0.65 | |||
Over $1 billion | 0.60 | |||
|
| |||
Transamerica Money Market | ||||
ANA | 0.40 | % | ||
|
| |||
Transamerica Multi-Managed Balanced | ||||
First $500 million | 0.75 | % | ||
Over $500 million up to $1 billion | 0.65 | |||
Over $1 billion | 0.60 | |||
|
| |||
Transamerica Quality Value | ||||
First $1 billion | 0.70 | % | ||
Over $1 billion | 0.675 | |||
|
| |||
Transamerica Short-Term Bond | ||||
First $250 million | 0.55 | % | ||
Over $250 million up to $500 million | 0.50 | |||
Over $500 million up to $1 billion | 0.475 | |||
Over $1 billion | 0.45 | |||
|
| |||
Transamerica Small Cap Value | ||||
First $250 million | 0.86 | % | ||
Over $250 million | 0.84 | |||
|
| |||
Transamerica Small/Mid Cap Value | ||||
First $500 million | 0.80 | % | ||
Over $500 million | 0.75 | |||
|
| |||
Transamerica Tactical Income | ||||
First $1 billion | 0.47 | % | ||
Over $1 billion up to $2 billion | 0.45 | |||
Over $2 billion | 0.43 | |||
|
|
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 112 |
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2012
(all amounts in thousands)
(unaudited)
NOTE 3. (continued)
TAM has contractually agreed to waive its advisory fee and will reimburse the Funds to the extent that operating expenses, excluding distribution and service fees and certain extraordinary expenses, exceed the following stated annual limit:
Fund | Class A, B, C, I, I2, and T Expense Limit | |||
Transamerica Capital Growth | 1.20 | % | ||
Transamerica Diversified Equity | 1.17 | |||
Transamerica Emerging Markets Debt | 1.00 | |||
Transamerica Emerging Markets Equity | 1.60 | |||
Transamerica Flexible Income | 1.00 | |||
Transamerica Growth Opportunities | 1.40 | |||
Transamerica High Yield Bond | 0.95 | |||
Transamerica International Bond | 0.75 | |||
Transamerica International Equity | 1.15 | |||
Transamerica Large Cap Growth | 0.95 | |||
Transamerica Money Market | 0.48 | |||
Transamerica Multi-Managed Balanced | 1.45 | |||
Transamerica Quality Value | 1.00 | |||
Transamerica Short Term Bond | 0.85 | |||
Transamerica Small Cap Value | 1.15 | |||
Transamerica Small/Mid Cap Value | 1.25 | |||
Transamerica Tactical Income | 0.67 |
If total Fund expenses, excluding 12b-1 fees and certain ordinary expenses, fall below the annual expense limitation agreement agreed to by the adviser within the succeeding 36 months following any reimbursement from/by the adviser, the Funds may be required to pay the adviser a portion or all of the previously waived advisory or reimbursed fees.
Amounts recaptured by the adviser during the period ended April 30, 2012 were as follows:
Fund | Recaptured Amount | |||
Transamerica Capital Growth | ||||
Class A | $ | 11 | ||
Class C | 4 | |||
Transamerica Diversified Equity | ||||
Class A | 249 | |||
Class B | 10 | |||
Class C | 20 | |||
Class I | 1 | |||
Transamerica Emerging Markets Debt | ||||
Fund Level | 35 | |||
Class A | — | (A) | ||
Class C | — | (A) | ||
Class I | — | (A) | ||
Class I2 | 1 | |||
Transamerica Growth Opportunities | ||||
Class A | 84 | |||
Class B | 1 | |||
Class C | 1 | |||
Transamerica High Yield Bond | ||||
Fund Level | 32 | |||
Transamerica International Equity | ||||
Class A | — | (A) | ||
Transamerica Multi-Managed Balanced | ||||
Fund Level | 88 |
(A) | Amount rounds to less than 1. |
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 113 |
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2012
(all amounts in thousands)
(unaudited)
NOTE 3. (continued)
The following amounts were available for recapture as of April 30, 2012:
Fund | Reimbursement of Class Expenses | Available for Recapture Through | ||||||
Transamerica Capital Growth |
| |||||||
Fiscal Year 2010: |
| 10/31/2012 | ||||||
Class A | 83 | |||||||
Class B | 39 | |||||||
Fiscal Year 2011: |
| 10/31/2013 | ||||||
Class A | 51 | |||||||
Class B | 23 | |||||||
Transamerica Diversified Equity |
| |||||||
Fiscal Year 2010: | 10/31/2012 | |||||||
Class B | 13 | |||||||
Fiscal Year 2011: |
| 10/31/2013 | ||||||
Class A | 26 | |||||||
Class B | 9 | |||||||
Class C | 11 | |||||||
Transamerica Growth Opportunities |
| |||||||
Fiscal Year 2010: |
| 10/31/2012 | ||||||
Class A | 39 | |||||||
Transamerica Multi-Managed Balanced |
| |||||||
Fiscal Year 2011: |
| 10/31/2013 | ||||||
Fund Level | 4 |
Fund | Reimbursement of Class Expenses | Available for RecaptureThrough | ||||||
Transamerica Money Market |
| |||||||
Fiscal Year 2010: |
| 10/31/2012 | ||||||
Fund Level | 752 | |||||||
Class A | 876 | |||||||
Class B | 344 | |||||||
Class C | 446 | |||||||
Class I | 1 | |||||||
Class I2 | 1 | |||||||
Fiscal Year 2011: |
| 10/31/2013 | ||||||
Fund Level | 749 | |||||||
Class A | 783 | |||||||
Class B | 213 | |||||||
Class C | 376 | |||||||
Class I | 2 | |||||||
Class I2 | 1 |
In addition to the advisory fee waiver for Transamerica Money Market, TAM or any of its affiliates waive fees or reimburse expenses of one or more classes of Transamerica Money Market in order to avoid a negative yield. At any point in which Transamerica Money Market, or any classes thereof, achieves a positive yield, the expenses previously waived or reimbursed within the succeeding 36 months pursuant to this paragraph may be reimbursed to TAM, to the extent that such reimbursement does not cause classes of Transamerica Money Market to experience a negative yield. Waived expenses related to the maintenance of the yield are included in the Statements of Operations, within the class expense (reimbursed). As of period ended April 30, 2012 and year ended October 31, 2011, the amounts waived were as follows:
Fund/Class | 2012 Amount Waived ($) | 2012 Amount Waived (Basis Points) | 2011 Amount Waived ($) | 2011 Amount Waived (Basis Points) | ||||||||||||
Fund | $ | 252 | 28 | $ | 610 | 29 | ||||||||||
A | 153 | 29 | 375 | 33 | ||||||||||||
B | 64 | 96 | 157 | 98 | ||||||||||||
C | 160 | 96 | 319 | 98 | ||||||||||||
I | — | — | — | — | ||||||||||||
I2 | — | — | — | — |
Distribution and service fees: The Funds have 12b-1 distribution plans under the 1940 Act pursuant to which an annual fee, based on ANA, is paid to the distributor for various disbursements such as broker-dealer account servicing fees and other promotional expenses of the Funds. The Funds are authorized under the 12b-1 plans to pay fees on each class up to the following limits: 0.30% for Class A (effective March 1, 2012), 1.00% for Class B, and 1.00% for Class C. 12b-1 fees are not applicable for Class I, Class I2, and Class T. Prior to March 1, 2012, Class A was authorized under the 12b-1 plan to pay a 0.35% fee. Effective March 1, 2012, TAM has contractually agreed to waive 0.05% of 12b-1 fees on Class A shares of Transamerica Flexible Income, Transamerica Short-Term Bond, and Transamerica Tactical Income through March 1, 2013. Prior to March 1, 2012, TAM had contractually agreed to waive 0.10% of 12b-1 fees on Class A shares of Transamerica Flexible Income, Transamerica Short-Term Bond, and Transamerica Tactical Income.
Underwriter commissions relate to front-end sales charges imposed for Class A shares and contingent deferred sales charges from Class B, Class C, and certain Class A share redemptions. For the period ended April 30, 2012, the underwriter commissions were as follows:
Transamerica Capital Growth | ||||
Received by Underwriter | $ | 168 | ||
Retained by Underwriter | 24 | |||
Contingent Deferred Sales Charge | 5 | |||
Transamerica Diversified Equity | ||||
Received by Underwriter | $ | 126 | ||
Retained by Underwriter | 19 | |||
Contingent Deferred Sales Charge | 13 |
Transamerica Emerging Markets Debt | ||||
Received by Underwriter | $ | 37 | ||
Retained by Underwriter | 6 | |||
Contingent Deferred Sales Charge | — | (A) | ||
Transamerica Flexible Income | ||||
Received by Underwriter | $ | 140 | ||
Retained by Underwriter | 26 | |||
Contingent Deferred Sales Charge | 16 |
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 114 |
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2012
(all amounts in thousands)
(unaudited)
NOTE 3. (continued)
Transamerica Growth Opportunities | ||||
Received by Underwriter | $ | 35 | ||
Retained by Underwriter | 6 | |||
Contingent Deferred Sales Charge | 5 | |||
Transamerica High Yield Bond | ||||
Received by Underwriter | $ | 476 | ||
Retained by Underwriter | 88 | |||
Contingent Deferred Sales Charge | 16 | |||
Transamerica International Bond | ||||
Received by Underwriter | $ | — | (A) | |
Retained by Underwriter | — | (A) | ||
Contingent Deferred Sales Charge | — | |||
Transamerica International Equity | ||||
Received by Underwriter | $ | 2 | ||
Retained by Underwriter | — | (A) | ||
Contingent Deferred Sales Charge | — | |||
Transamerica Money Market | ||||
Received by Underwriter | $ | — | ||
Retained by Underwriter | — | |||
Contingent Deferred Sales Charge | 52 |
Transamerica Multi-Managed Balanced | ||||
Received by Underwriter | $ | 205 | ||
Retained by Underwriter | 31 | |||
Contingent Deferred Sales Charge | 5 | |||
Transamerica Quality Value | ||||
Received by Underwriter | $ | 4 | ||
Retained by Underwriter | 1 | |||
Contingent Deferred Sales Charge | — | (A) | ||
Transamerica Short-Term Bond | ||||
Received by Underwriter | $ | 352 | ||
Retained by Underwriter | 70 | |||
Contingent Deferred Sales Charge | 148 | |||
Transamerica Small/Mid Cap Value | ||||
Received by Underwriter | $ | 231 | ||
Retained by Underwriter | 35 | |||
Contingent Deferred Sales Charge | 43 | |||
Transamerica Tactical Income | ||||
Received by Underwriter | $ | 996 | ||
Retained by Underwriter | 184 | |||
Contingent Deferred Sales Charge | 1 |
(A) | Amount rounds to less than 1. |
Administrative services: The Funds have entered into an agreement with TFS for financial and legal fund administration services. Effective March 1, 2012, the Fund pays TFS an annual fee of 0.025% of ANA. Prior to March 1, 2012, the Fund paid TFS an annual fee of 0.02% of ANA. The Legal fees on the Statements of Operations are fees paid to external legal counsel.
Transfer agent fees: Pursuant to a Transfer Agency Agreement, as amended, the Funds pay TFS a fee for providing transfer agent services. Fees paid and the amounts due to TFS for the period ended April 30, 2012 are as follows:
Fund | Fees Paid to TFS | Fees Due to TFS | ||||||
Transamerica Capital Growth | $ | 219 | $ | 43 | ||||
Transamerica Diversified Equity | 642 | 89 | ||||||
Transamerica Emerging Markets Debt | 14 | 1 | ||||||
Transamerica Flexible Income | 89 | 10 | ||||||
Transamerica Growth Opportunities | 345 | 57 | ||||||
Transamerica High Yield Bond | 186 | 44 | ||||||
Transamerica International Bond | 13 | 1 | ||||||
Transamerica International Equity | 44 | 8 | ||||||
Transamerica Money Market | 248 | 49 | ||||||
Transamerica Multi-Managed Balanced | 355 | 56 | ||||||
Transamerica Quality Value | 63 | 12 | ||||||
Transamerica Short-Term Bond | 657 | 80 | ||||||
Transamerica Small/Mid Cap Value | 589 | 71 | ||||||
Transamerica Tactical Income | 19 | 6 |
Deferred compensation plan: Under a non-qualified deferred compensation plan effective January 1, 1996, as amended and restated (the “Deferred Compensation Plan”), available to the Trustees, compensation may be deferred that would otherwise be payable by the Trust to an Independent Trustee on a current basis for services rendered as Trustee. Deferred compensation amounts will accumulate based on the value of Class A (or comparable) shares of a series of Transamerica Funds (without imposition of sales charge), or investment options under Transamerica Partners Institutional Funds and Transamerica Institutional Asset Allocation Funds, as elected by the Trustee.
Brokerage commissions: There were no brokerage commissions incurred on security transactions placed with affiliates of the advisers or sub-advisers for the period ended April 30, 2012.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 115 |
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2012
(all amounts in thousands)
(unaudited)
NOTE 4. INVESTMENT TRANSACTIONS
The cost of securities purchased and proceeds from securities sold (excluding short-term securities) for the period ended April 30, 2012 were as follows:
Purchases of securities: | Proceeds from maturities and sales of securities: | |||||||||||||||
Fund | Long-term | U.S. Government | Long-term | U.S. Government | ||||||||||||
Transamerica Capital Growth | $ | 167,498 | $ | — | $ | 43,989 | $ | — | ||||||||
Transamerica Diversified Equity | 266,783 | — | 366,385 | — | ||||||||||||
Transamerica Emerging Markets Debt | 207,889 | 501 | 207,455 | 501 | ||||||||||||
Transamerica Flexible Income | 45,103 | 9,465 | 33,793 | 10,158 | ||||||||||||
Transamerica Growth Opportunities | 85,120 | — | 41,250 | — | ||||||||||||
Transamerica High Yield Bond | 274,974 | — | 402,222 | — | ||||||||||||
Transamerica International Bond | 64,848 | — | 299,981 | — | ||||||||||||
Transamerica International Equity | 62,045 | — | 12,439 | — | ||||||||||||
Transamerica Multi-Managed Balanced | 167,138 | 53,258 | 165,937 | 41,475 | ||||||||||||
Transamerica Quality Value | 447,588 | — | 239,656 | — | ||||||||||||
Transamerica Short-Term Bond | 1,018,536 | — | 1,008,516 | — | ||||||||||||
Transamerica Small/Mid Cap Value | 242,760 | — | 246,778 | — | ||||||||||||
Transamerica Tactical Income | 219,345 | — | 24,872 | — |
NOTE 5. DERIVATIVE FINANCIAL INSTRUMENTS
Transamerica Emerging Markets Debt:
The Fund is subject to various risks in the normal course of pursuing its investment objective. The volume of forward foreign currency contracts held throughout the period decreased, starting with 21 contracts and decreasing to 13 contracts by period end. The tables below highlight the types of risks and the derivative instruments used to mitigate the risks:
Fair Values of Derivative Instruments on the Statements of Assets and Liabilities as of April 30, 2012:
Derivatives not accounted for as hedging instruments
Location | Foreign exchange contracts | |||
Asset derivatives | ||||
Unrealized appreciation on forward foreign currency contracts | $ | 48 | ||
|
| |||
Liability derivatives | ||||
Unrealized depreciation on forward foreign currency contracts | (123 | ) | ||
|
| |||
Total | $ | (75 | ) | |
|
|
Effect of Derivative Instruments on the Statements of Operations for the period ended April 30, 2012:
Derivatives not accounted for as hedging instruments
Location | Foreign exchange contracts | |||
Realized Gain / (Loss) on derivatives recognized in income | ||||
Net realized loss from forward foreign currency contracts | $ | (45 | ) | |
|
| |||
Net Change in Unrealized Appreciation / (Depreciation) on derivatives recognized in income | ||||
Net change in unrealized appreciation (depreciation) on translation of assets and liabilities denominated in foreign currencies | (66 | ) | ||
|
| |||
Total | $ | (111 | ) | |
|
|
For non-exchange traded derivatives (swaps and forward foreign currency contracts), under standard derivatives agreements, the Fund may be required to post collateral on derivatives if the Fund is in a net liability position with the counterparty exceeding certain amounts. Additionally, counterparties may immediately terminate derivatives contracts if the Fund fails to maintain sufficient asset coverage for its contracts or its net assets decline by stated percentages.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 116 |
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2012
(all amounts in thousands)
(unaudited)
NOTE 5. (continued)
Transamerica International Bond:
The Fund is subject to various risks in the normal course of pursuing its investment objective. The volume of futures contracts held at period end is indicative of the volume held throughout the period. The volume of forward foreign currency contracts held averaged 109 throughout the period, decreasing in the last three months from 145 to 107 contracts. The tables below highlight the types of risks and the derivative instruments used to mitigate the risks:
Fair Values of Derivative Instruments on the Statement of Assets and Liabilities as of April 30, 2012:
Derivatives not accounted for as hedging instruments
Location | Interest rates contracts | Foreign exchange contracts | Total | |||||||||
Asset derivatives | ||||||||||||
Unrealized appreciation on futures contracts | $ | 354 | $ | — | $ | 354 | * | |||||
Unrealized appreciation on forward foreign currency contracts | — | 3,569 | 3,569 | |||||||||
|
|
|
|
|
| |||||||
Liability derivatives | ||||||||||||
Unrealized depreciation on futures contracts | (354 | ) | — | (354 | )* | |||||||
Unrealized depreciation on forward foreign currency contracts | — | (1,596 | ) | (1,596 | ) | |||||||
|
|
|
|
|
| |||||||
Total | $ | — | $ | 1,973 | $ | 1,973 | ||||||
|
|
|
|
|
|
* | Includes cumulative appreciation/depreciation of futures contracts as reported in the Schedule of Investments. Only current day’s variation margin is reported within the Statement of Assets and Liabilities |
Effect of Derivative Instruments on the Statement of Operations for the period ended April 30, 2012:
Derivatives not accounted for as hedging instruments
Location | Interest rates contracts | Foreign exchange contracts | Total | |||||||||
Realized Gain / (Loss) on derivatives recognized in income | ||||||||||||
Net realized loss on futures contracts | $ | (553 | ) | $ | — | $ | (553 | ) | ||||
Net realized loss on forward foreign currency transactions | — | (3,938 | ) | (3,938 | ) | |||||||
|
|
|
|
|
| |||||||
Net Change in Unrealized Appreciation / (Depreciation) on derivatives recognized in income | ||||||||||||
Net change in unrealized depreciation on futures contracts | (69 | ) | — | (69 | ) | |||||||
Net change in unrealized appreciation on translation of assets and liabilities denominated in foreign currencies | — | 6,079 | 6,079 | |||||||||
|
|
|
|
|
| |||||||
Total | $ | (622 | ) | $ | 2,141 | $ | 1,519 | |||||
|
|
|
|
|
|
For non-exchange traded derivatives (swaps and forward foreign currency contracts), under standard derivatives agreements, the Fund may be required to post collateral on derivatives if the Fund is in a net liability position with the counterparty exceeding certain amounts. Additionally, counterparties may immediately terminate derivatives contracts if the Fund fails to maintain sufficient asset coverage for its contracts or its net assets decline by stated percentages.
Transamerica Multi-Managed Balanced:
The Fund is subject to various risks in the normal course of pursuing its investment objective. The volume of futures and forward foreign currency contracts held throughout the period increased, starting with eight and zero contracts, respectively, and ending at 13 and one contracts, respectively. The volume of written options/swaptions and purchase options held at period end is indicative of the volume held throughout the period. The tables below highlight the types of risks and the derivative instruments used to mitigate the risks:
Fair Values of Derivative Instruments on the Statements of Assets and Liabilities as of April 30, 2012:
Derivatives not accounted for as hedging instruments
Location | Equity contracts | Interest rate contracts | Foreign exchange contractsl | Total | ||||||||||||
Asset derivatives | ||||||||||||||||
Investment securities, at value | $ | — | $ | 1 | — | $ | 1 | |||||||||
Unrealized appreciation on futures contracts | 22 | 44 | — | 66 | * | |||||||||||
|
|
|
|
|
|
|
| |||||||||
Liability derivatives | ||||||||||||||||
Written options, at value | — | (1 | ) | — | (1 | ) | ||||||||||
Unrealized depreciation on futures contracts | — | (143 | ) | — | (143 | )* | ||||||||||
Unrealized depreciation on forward foreign currency contracts | — | — | (1 | ) | (1 | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Total | $ | 22 | $ | (99 | ) | $ | (1 | ) | $ | (78 | ) | |||||
|
|
|
|
|
|
|
|
* | Includes cumulative appreciation/depreciation of futures contracts as reported in the Schedule of Investments. Only current day’s variation margin is reported within the Statement of Assets and Liabilities |
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 117 |
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2012
(all amounts in thousands)
(unaudited)
NOTE 5. (continued)
Transamerica Multi-Managed Balanced (continued):
Effect of Derivative Instruments on the Statement of Operations for the period ended April 30, 2012:
Derivatives not accounted for as hedging instruments
Location | Equity contracts | Interest rate contracts | Foreign exchange contracts | Total | ||||||||||||
Realized Gain / (Loss) on derivatives recognized in income | ||||||||||||||||
Net realized loss on investment securities | $ | — | $ | (68 | ) | $ | — | $ | (68 | ) | ||||||
Net realized gain on written option and swaption contracts | — | 33 | — | 33 | ||||||||||||
Net realized gain on futures contracts | 391 | 305 | — | 696 | ||||||||||||
Net realized loss on forward foreign currency contracts | — | — | (8 | ) | (8 | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Net change in Unrealized Appreciation / (Depreciation) on derivatives recognized in income | ||||||||||||||||
Net change in unrealized appreciation on investment securities | — | 64 | — | 64 | ||||||||||||
Net change in unrealized depreciation on written option and swaption contracts | — | (28 | ) | — | (28 | ) | ||||||||||
Net change in unrealized appreciation depreciation on futures contracts | (22 | ) | (181 | ) | — | (203 | ) | |||||||||
Net change in unrealized depreciation on translation of assets and liabilities denominated in foreign currencies | — | — | (1 | ) | (1 | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Total | $ | 369 | $ | 125 | $ | (9 | ) | $ | 485 | |||||||
|
|
|
|
|
|
|
|
For non-exchange traded derivatives (swaps and forward foreign currency contracts), under standard derivatives agreements, the Fund may be required to post collateral on derivatives if the Fund is in a net liability position with the counterparty exceeding certain amounts. Additionally, counterparties may immediately terminate derivatives contracts if the Fund fails to maintain sufficient asset coverage for its contracts or its net assets decline by stated percentages.
NOTE 6. FEDERAL INCOME TAX MATTERS
The Funds have not made any provision for federal income or excise taxes due to their policy to distribute all of their taxable income and capital gains to their shareholders and otherwise qualify as regulated investment companies under Subchapter M of the Internal Revenue Code. The Funds recognize the tax benefits of uncertain tax positions only where the position is “more likely than not” to be sustained assuming examination by tax authorities. Management has evaluated the Funds’ tax positions taken for all open tax years (2008–2010), if applicable, or expected to be taken in the Funds’ 2011 tax returns, and has concluded that no provision for income tax is required in the Funds’ financial statements. If applicable, the funds recognize interest accrued related to unrecognized tax benefits in interest and penalties expense in Other on the Statements of Operations. The Funds identify their major tax jurisdictions as U.S. Federal, the state of Florida, and foreign jurisdictions where the Funds make significant investments; however, the Funds are not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will change materially in the next twelve months. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP. These differences are primarily due to different treatment for items including, but not limited to wash sales, structured notes, foreign bonds, swaps, net operating losses, distribution reclasses for REITs, passive foreign investment companies, foreign currency transactions, and capital loss carryforwards.
NOTE 7. ACCOUNTING PRONOUNCEMENTS
In May 2011, the Financial Accounting Standards Board (“FASB” ) issued the authoritative guidance “Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs” which seeks to establish common requirements for measuring fair value and for disclosing information about fair value measurements in accordance with GAAP. The adoption of this disclosure requirement is effective for financial statements interim and annual periods beginning after December 15, 2011. Management is currently evaluating the application of the adoption of the additional disclosure requirements and its impact on the Fund’s financial statements.
In April 2011, FASB issued an amendment to authoritative guidance “Reconsideration of Effective Control for Repurchase Agreements” which amends specifically the criteria required to determine whether a repurchase agreement and similar agreements should be accounted for as sales of financial assets or secured borrowings with commitments. The adoption of this guidance is effective for the first interim or annual period beginning on or after December 15, 2011 prospectively to transactions or modifications of existing transactions that occur on or after the effective date. Management is currently evaluating the application of the adoption of the additional disclosure requirements and its impact on the Fund’s financial statements.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 118 |
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2012
(all amounts in thousands)
(unaudited)
NOTE 8. REORGANIZATION
Transamerica Diversified Equity:
On February 10, 2012, Transamerica Diversified Equity (formerly, Transamerica WMC Diversified Equity) acquired all of the net assets of Transamerica WMC Diversified Growth pursuant to a Plan of Reorganization. Transamerica Diversified Equity is the accounting survivor. The purpose of the transaction was to achieve a more cohesive, focused, and streamlined fund complex. The acquisition was accomplished by a tax-free exchange of 76,145 shares of Transamerica Diversified Equity for 100,301 shares of Transamerica WMC Diversified Growth outstanding on February 10, 2012. Transamerica WMC Diversified Growth’s net assets at that date, $1,077,266, including $208,961 unrealized appreciation, were combined with those of Transamerica Diversified Equity. The aggregate net assets of Transamerica Diversified Equity immediately before the acquisition were $592,948; the combine net assets of Transamerica Diversified Equity immediately after the acquisition were $1,670,214. Shares issued with the acquisition were as follows:
Transamerica WMC Diversified Growth
Class | Shares | Amount | ||||||
A | 28,762 | $ | 387,425 | |||||
B | 1,572 | 21,028 | ||||||
C | 2,536 | 33,859 | ||||||
I | 12,839 | 174,606 | ||||||
I2 | 27,327 | 371,097 | ||||||
T | 3,110 | 89,251 |
The exchange ratios of the reorganization for the Fund is as follows (Transamerica Diversified Equity shares issuable/Transamerica WMC Diversified Growth):
Transamerica WMC Diversified Growth
Classes | Exchange Ratio | |||
A | 0.75 | |||
B | 0.69 | |||
C | 0.70 | |||
I | 0.74 | |||
I2 | 0.77 | |||
T | 1.00 |
Assuming the reorganization had been completed on November 1, 2011, the beginning of the annual reporting period of the Fund, the Fund’s pro forma result of operations for the period ended April 30, 2012, are as follows:
Net investment income | $ | 2,270 | ||
Net realized and unrealized gain | 183,752 | |||
Net increase in net assets resulting from operations | 186,022 |
Because the combined investment portfolios have been managed as a single integrated portfolio since the acquisition was completed, it is not practical to separate the amounts of revenue and earnings of Transamerica WMC Diversified Growth that have been included on the Fund’s Statement of Operations since February 10, 2012.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 119 |
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2012
(all amounts in thousands)
(unaudited)
NOTE 8. (continued)
Transamerica Growth Opportunities:
On February 10, 2012, Transamerica Growth Opportunities (formerly, Transamerica Morgan Stanley Growth Opportunities) acquired all of the net assets of Transamerica Morgan Stanley Mid-Cap Growth pursuant to a Plan of Reorganization. Transamerica Growth Opportunities is the accounting survivor. The purpose of the transaction was to achieve a more cohesive, focused, and streamlined fund complex. The acquisition was accomplished by a tax-free exchange of 29,633 shares of Transamerica Growth Opportunities for 24,617 shares of Transamerica Morgan Stanley Mid-Cap Growth outstanding on February 10, 2012. Transamerica Morgan Stanley Mid-Cap Growth’s net assets at that date, $274,998, including $54,483 unrealized appreciation, were combined with those of Transamerica Growth Opportunities. The aggregate net assets of Transamerica Growth Opportunities immediately before the acquisition were $348,798; the combined net assets of Transamerica Growth Opportunities immediately after the acquisition were $623,796. Shares issued with the acquisition were as follows:
Transamerica Morgan Stanley Mid-Cap Growth
Class | Shares | Amount | ||||||
I2 | 29,633 | $ | 274,998 |
The exchange ratio of the reorganization for the Fund is as follows (Transamerica Growth Opportunities shares issuable/ Transamerica Morgan Stanley Mid-Cap Growth):
Transamerica Morgan Stanley Mid-Cap Growth
Class | Exchange Ratio | |||
I2 | 1.20 |
Assuming the reorganization had been completed on November 1, 2011, the beginning of the annual reporting period of the Fund, the Fund’s pro forma results of operations for the period ended April 30, 2012, are as follows:
Net investment income | $ | 844 | ||
Net realized and unrealized gain | 36,639 | |||
Net increase in net assets resulting from operations | 37,483 |
Because the combined investment portfolios have been managed as a single integrated portfolio since the acquisition was completed, it is not practical to separate the amounts of revenue and earnings of Transamerica Morgan Stanley Mid-Cap Growth that have been included in the Fund’s Statement of Operations since February 10, 2012.
Transamerica International Equity
On March 1, 2011, Transamerica International Equity (formerly, Transamerica TS&W International Equity) acquired all of the net assets of TS&W International Equity Portfolio pursuant to a Plan of Reorganization. TS&W International Equity Portfolio is the accounting survivor. The purpose of the transaction was to achieve additional international exposure with a new client base within the Trust. The acquisition was accomplished by a tax-free exchange of 5,502 shares of Transamerica International Equity for 5,502 shares of TS&W International Equity Portfolio outstanding on March 1, 2011. Transamerica International Equity’s net assets at that date were $200, which were combined with those of TS&W International Equity Portfolio. The aggregate net assets of TS&W International Equity Portfolio were $83,612; the combined net assets of Transamerica International Equity immediately after the acquisition were $83,812. Shares issued with the acquisition were as follows:
TS&W International Equity Portfolio
Class | Shares | Amount | ||||||
I | 5,502 | $ | 83,612 |
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 120 |
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2012
(all amounts in thousands)
(unaudited)
NOTE 8. (continued)
Transamerica International Equity
Classes | Shares | Amount | ||||||
A | 7 | $ | 100 | |||||
C | 7 | 100 | ||||||
I | (a | ) | (a | ) | ||||
I2 | (a | ) | (a | ) |
(a) | Classes I and I2 held less 1 share and $1 at time of acquisition. |
The exchange ratios of the reorganization for each class are as follows (Transamerica International Equity shares issuable/TS&W International Equity Portfolio):
TS&W International Equity Portfolio
Class | Exchange Ratio | |||
I | 1.00 |
The exchange ratios of the reorganization for each class are as follows:
Transamerica International Equity
Classes | Exchange Ratio | |||
A | 1.00 | |||
C | 1.00 | |||
I | 1.00 | |||
I2 | 1.00 |
NOTE 9. SUBSEQUENT EVENTS
Management has evaluated subsequent events through the date of issuance of the financial statements, and determined that no other material events or transactions would require recognition or disclosure in the Funds’ financial statements.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 121 |
TRANSAMERICA EMERGING MARKETS EQUITY
APPROVAL OF INVESTMENT ADVISORY AND SUB-ADVISORY AGREEMENTS
(unaudited)
At a meeting of the Board of Trustees of Transamerica Funds (the “Board”) held on January 26, 2012, the Board reviewed and considered the approval of a proposed mandate to establish Transamerica Emerging Markets Equity as a new series of Transamerica Funds (the “Trust”). The Board reviewed and considered the proposed investment advisory agreement (the “Investment Advisory Agreement”) between Transamerica Emerging Markets Equity (the “Fund”) and Transamerica Asset Management, Inc. (“TAM”), as well as the proposed investment sub-advisory agreement (the “Sub-Advisory Agreement”) of the Fund between TAM and ClariVest Asset Management LLC (“ClariVest”) (the “Sub-Adviser”), to determine whether the agreements should be approved for an initial two-year period.
Following their review and consideration, the Board determined that the proposed Investment Advisory Agreement and the proposed Sub-Advisory Agreement will enable shareholders of the Fund to obtain high quality services at a cost that is appropriate, fair, and in the best interests of its shareholders. The Board, including the independent members of the Board, unanimously approved the proposed Investment Advisory Agreement and Sub-Advisory Agreement.
In reaching their decision, the Board requested and obtained from TAM and ClariVest such information as they deemed reasonably necessary to evaluate the proposed agreements. In considering the proposed approval of Investment Advisory Agreement and Sub-Advisory Agreement, the Board evaluated a number of considerations that they believed, in light of the legal advice furnished to them by independent legal counsel and their own business judgment, to be relevant. The Board based their decisions on the following considerations, among others, although they did not identify any consideration or particular information that was controlling of their decisions and each member of the Board may have attributed different weights to the various factors.
The nature, extent and quality of the advisory services to be provided. The Board considered the nature, extent and quality of the services expected to be provided by TAM and ClariVest. The Board considered the services to be provided by TAM for the portion of the management fee it will retain after payment of ClariVest’s fee, including oversight of the performance of administrative, recordkeeping, shareholder relations, regulatory reporting and other functions of the New Series as well as “manager of managers” services TAM will provide in the form of selection and oversight of ClariVest. The Board also considered the experience, capability and integrity of TAM’s senior management, the financial resources of TAM and ClariVest, TAM’s management oversight process and the professional qualifications of ClariVest’s portfolio management team. The Board Members determined that TAM and ClariVest are able to provide investment and related services that are appropriate in scope and extent in light of the New Series’ operations, the competitive landscape of the investment company business and investor needs.
The investment performance of the New Series. The New Series is not yet in existence and therefore has no historical performance for the Board to review. However, the Board Members were provided performance data for ClariVest’s investment strategy to be followed by the New Series as compared against the median of the eVestment Emerging Markets All Cap Equity peer group and the New Series’ proposed benchmark for the period October 1, 2006 through September 30, 2011 (annualized). It was noted that, according to the performance information for the strategy, the strategy outperformed the benchmark on an absolute and risk-adjusted basis over a trailing one-, three- and five-year period, while besting the majority of its peers. On the basis of the Board Members’ assessment of the nature, extent and quality of advisory services to be provided or procured by TAM and ClariVest, the Board Members concluded that TAM and ClariVest are capable of generating a level of investment performance that is appropriate in light of the New Series’ proposed investment objectives, policies and strategies.
The cost of advisory services provided and the level of profitability. The New Series is not yet in existence and therefore no actual revenue, cost or profitability data was available for the Board to review. However, the Board reviewed projected profitability information regarding TAM’s costs of procuring portfolio management services as well as the costs of providing administration, transfer agency and other services to the New Series by TAM and its affiliates. The Board Members also reviewed information comparing the fees and expenses of the New Series to those of funds in its Lipper category, noting that the proposed advisory fee for the New Series was lower than the Lipper category median. The Board Members noted the anticipated profitability of the relationship between the New Series, TAM and its affiliates, and ClariVest, and determined that the management and sub-advisory fees to be received by TAM and ClariVest under the agreements are consistent with TAM’s fiduciary duty under applicable law.
Whether fee levels reflect economies of scale and the extent to which economies of scale would be realized as the New Series grows. In evaluating the extent to which the fees payable under the new investment advisory and sub-advisory agreements reflect economies of scale or will permit economies of scale to be realized in the future, the Board took note of TAM’s and ClariVest’s pricing schedules and the proposed advisory fee and sub-advisory fee breakpoints, as detailed in the materials provided to the Board, and noted each fee breakpoint with respect to the various asset levels to be achieved by the New Series. The Board concluded that the proposed fees and breakpoints may benefit investors by permitting economies of scale in the form of lower management fees as the level of assets grows for the New Series. The Board Members also noted that, in the future, they would have the opportunity to periodically reexamine whether the New Series has achieved economies of scale and the appropriateness of management fees payable to TAM and fees payable by TAM to ClariVest.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 122 |
TRANSAMERICA EMERGING MARKETS EQUITY (continued)
APPROVAL OF INVESTMENT ADVISORY AND SUB-ADVISORY AGREEMENTS
(unaudited)
Benefits to TAM, its affiliates, or ClariVest from their relationship with the New Series. The Board noted that TAM believes that other benefits anticipated to be derived by TAM, its affiliates, and ClariVest from their relationships with the New Series are expected to be consistent with industry practice. The Board Members noted that TAM would not realize soft dollar benefits from its relationship with the New Series, and that ClariVest may engage in soft dollar arrangements consistent with applicable law and “best execution” requirements.
Other considerations. The Board considered the investment objective of the New Series and its investment strategies and noted that TAM believes that the New Series would enhance the Trust’s retail product line-up as well as the investment options for the asset allocation funds. The Board noted that TAM has made a substantial commitment to the recruitment and retention of high quality personnel, and maintains the financial, compliance and operational resources reasonably necessary to manage the New Series in a professional manner that is consistent with the best interests of the New Series and its shareholders. In this regard, the Board Members favorably considered TAM’s procedures and policies to enforce compliance with applicable laws and regulations and oversee the portfolio management activities of ClariVest. The Board Members also noted that TAM has made a significant entrepreneurial commitment to the management and success of the New Series, reflected by TAM’s expense limitation arrangement with the New Series that may result in TAM waiving fees for the benefit of shareholders.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 123 |
TRANSAMERICA LARGE CAP GROWTH
APPROVAL OF INVESTMENT ADVISORY AND SUB-ADVISORY AGREEMENTS
(unaudited)
At a meeting of the Board of Trustees of Transamerica Funds (the “Board”) held on January 26, 2012, the Board reviewed and considered the approval of a proposed mandate to establish Transamerica Large Cap Growth as a new series of Transamerica Funds (the “Trust”). The Board reviewed and considered the proposed investment advisory agreement (the “Investment Advisory Agreement”) between Transamerica Large Cap Growth (the “Fund”) and Transamerica Asset Management, Inc. (“TAM”), as well as the proposed investment sub-advisory agreement (the “Sub-Advisory Agreement”) of the Fund between TAM and BNP Paribas Asset Management, Inc. (“BNP”) (the “Sub-Adviser”), to determine whether the agreements should be approved for an initial two-year period.
Following their review and consideration, the Board determined that the proposed Investment Advisory Agreement and the proposed Sub-Advisory Agreement will enable shareholders of the Fund to obtain high quality services at a cost that is appropriate, fair, and in the best interests of its shareholders. The Board, including the independent members of the Board, unanimously approved the proposed Investment Advisory Agreement and Sub-Advisory Agreement.
In reaching their decision, the Board requested and obtained from TAM and BNP such information as they deemed reasonably necessary to evaluate the proposed agreements. In considering the proposed approval of Investment Advisory Agreement and Sub-Advisory Agreement, the Board evaluated a number of considerations that they believed, in light of the legal advice furnished to them by independent legal counsel and their own business judgment, to be relevant. The Board based their decisions on the following considerations, among others, although they did not identify any consideration or particular information that was controlling of their decisions and each member of the Board may have attributed different weights to the various factors.
The nature, extent and quality of the advisory services to be provided. The Board considered the nature, extent and quality of the services expected to be provided by TAM and BNP. The Board considered the services to be provided by TAM for the portion of the management fee it will retain after payment of BNP’s fee, including oversight of the performance of administrative, recordkeeping, shareholder relations, regulatory reporting and other functions of the New Series as well as “manager of managers” services TAM will provide in the form of selection and oversight of BNP. The Board also considered the experience, capability and integrity of TAM’s senior management, the financial resources of TAM and BNP, TAM’s management oversight process and the professional qualifications of BNP’s portfolio management team. The Board Members determined that TAM and BNP are able to provide investment and related services that are appropriate in scope and extent in light of the New Series’ operations, the competitive landscape of the investment company business and investor needs.
The investment performance of the New Series. The New Series is not yet in existence and therefore has no historical performance for the Board to review. However, the Board Members were provided performance data for BNP’s investment strategy to be followed by the New Series as compared against the median of the eVestment Large Cap Growth peer group and the New Series’ proposed benchmark for the period October 1, 2006 through September 30, 2011 (annualized). It was noted that, according to the performance information for the strategy, the strategy exhibited absolute and risk-adjusted returns comparable to the benchmark over a trailing one-, three- and five-year period, while besting the majority of its peers. On the basis of the Board Members’ assessment of the nature, extent and quality of advisory services to be provided or procured by TAM and BNP, the Board Members concluded that TAM and BNP are capable of generating a level of investment performance that is appropriate in light of the New Series’ proposed investment objectives, policies and strategies.
The cost of advisory services provided and the level of profitability. The New Series is not yet in existence and therefore no actual revenue, cost or profitability data was available for the Board to review. However, the Board reviewed projected profitability information regarding TAM’s costs of procuring portfolio management services as well as the costs of providing administration, transfer agency and other services to the New Series by TAM and its affiliates. The Board Members also reviewed information comparing the fees and expenses of the New Series to those of funds in its Lipper category, noting that the proposed advisory fee for the New Series was lower than the Lipper category median. The Board Members noted the anticipated profitability of the relationship between the New Series, TAM and its affiliates, and BNP, and determined that the management and sub-advisory fees to be received by TAM and BNP under the agreements are consistent with TAM’s fiduciary duty under applicable law.
Whether fee levels reflect economies of scale and the extent to which economies of scale would be realized as the New Series grows. In evaluating the extent to which the fees payable under the new investment advisory and sub-advisory agreements reflect economies of scale or will permit economies of scale to be realized in the future, the Board took note of TAM’s and BNP’s pricing schedules and the proposed advisory fee and sub-advisory fee breakpoints, as detailed in the materials provided to the Board, and noted each fee breakpoint with respect to the various asset levels to be achieved by the New Series. The Board concluded that the proposed fees and breakpoints may benefit investors by permitting economies of scale in the form of lower management fees as the level of assets grows for the New Series. The Board Members also noted that, in the future, they would have the opportunity to periodically reexamine whether the New Series has achieved economies of scale and the appropriateness of management fees payable to TAM and fees payable by TAM to BNP.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 124 |
TRANSAMERICA LARGE CAP GROWTH (continued)
APPROVAL OF INVESTMENT ADVISORY AND SUB-ADVISORY AGREEMENTS
(unaudited)
Benefits to TAM, its affiliates, or BNP from their relationship with the New Series. The Board noted that TAM believes that other benefits anticipated to be derived by TAM, its affiliates, and BNP from their relationships with the New Series are expected to be consistent with industry practice. The Board Members noted that TAM would not realize soft dollar benefits from its relationship with the New Series, and that BNP may engage in soft dollar arrangements consistent with applicable law and “best execution” requirements.
Other considerations. The Board considered the investment objective of the New Series and its investment strategies and noted that TAM believes that the New Series would enhance the Trust’s retail product line-up as well as the investment options for the asset allocation funds. The Board noted that TAM has made a substantial commitment to the recruitment and retention of high quality personnel, and maintains the financial, compliance and operational resources reasonably necessary to manage the New Series in a professional manner that is consistent with the best interests of the New Series and its shareholders. In this regard, the Board Members favorably considered TAM’s procedures and policies to enforce compliance with applicable laws and regulations and oversee the portfolio management activities of BNP. The Board Members also noted that TAM has made a significant entrepreneurial commitment to the management and success of the New Series, reflected by TAM’s expense limitation arrangement with the New Series that may result in TAM waiving fees for the benefit of shareholders.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 125 |
TRANSAMERICA SMALL CAP VALUE
APPROVAL OF INVESTMENT ADVISORY AND SUB-ADVISORY AGREEMENTS
(unaudited)
At a meeting of the Board of Trustees of Transamerica Funds (the “Board”) held on January 26, 2012, the Board reviewed and considered the approval of a proposed mandate to establish Transamerica Small Cap Value as a new series of Transamerica Funds (the “Trust”). The Board reviewed and considered the proposed investment advisory agreement (the “Investment Advisory Agreement”) between Transamerica Small Cap Value (the “Fund”) and Transamerica Asset Management, Inc. (“TAM”), as well as the proposed investment sub-advisory agreement (the “Sub-Advisory Agreement”) of the Fund between TAM and Lombardia Capital Partners, LLC (“Lombardia”) (the “Sub-Adviser”), to determine whether the agreements should be approved for an initial two-year period.
Following their review and consideration, the Board determined that the proposed Investment Advisory Agreement and the proposed Sub-Advisory Agreement will enable shareholders of the Fund to obtain high quality services at a cost that is appropriate, fair, and in the best interests of its shareholders. The Board, including the independent members of the Board, unanimously approved the proposed Investment Advisory Agreement and Sub-Advisory Agreement.
In reaching their decision, the Board requested and obtained from TAM and Lombardia such information as they deemed reasonably necessary to evaluate the proposed agreements. In considering the proposed approval of Investment Advisory Agreement and Sub-Advisory Agreement, the Board evaluated a number of considerations that they believed, in light of the legal advice furnished to them by independent legal counsel and their own business judgment, to be relevant. The Board based their decisions on the following considerations, among others, although they did not identify any consideration or particular information that was controlling of their decisions and each member of the Board may have attributed different weights to the various factors.
The nature, extent and quality of the advisory services to be provided. The Board considered the nature, extent and quality of the services expected to be provided by TAM and Lombardia. The Board considered the services to be provided by TAM for the portion of the management fee it will retain after payment of Lombardia’s fee, including oversight of the performance of administrative, recordkeeping, shareholder relations, regulatory reporting and other functions of the New Series as well as “manager of managers” services TAM will provide in the form of selection and oversight of Lombardia. The Board also considered the experience, capability and integrity of TAM’s senior management, the financial resources of TAM and Lombardia, TAM’s management oversight process and the professional qualifications of Lombardia’s portfolio management team. The Board Members determined that TAM and Lombardia are able to provide investment and related services that are appropriate in scope and extent in light of the New Series’ operations, the competitive landscape of the investment company business and investor needs.
The investment performance of the New Series. The New Series is not yet in existence and therefore has no historical performance for the Board to review. However, the Board Members were provided performance data for Lombardia’s investment strategy to be followed by the New Series as compared against the median of the eVestment US Small Cap Value peer group and the New Series’ proposed benchmark for the period October 1, 2006 through September 30, 2011 (annualized). It was noted that, according to the performance information for the strategy, the strategy outperformed the benchmark on an absolute and risk-adjusted basis over a trailing one-, three- and five-year period, while generally performing in line with or better than a majority of its peers. On the basis of the Board Members’ assessment of the nature, extent and quality of advisory services to be provided or procured by TAM and Lombardia, the Board Members concluded that TAM and Lombardia are capable of generating a level of investment performance that is appropriate in light of the New Series’ proposed investment objectives, policies and strategies.
The cost of advisory services provided and the level of profitability. The New Series is not yet in existence and therefore no actual revenue, cost or profitability data was available for the Board to review. However, the Board reviewed projected profitability information regarding TAM’s costs of procuring portfolio management services as well as the costs of providing administration, transfer agency and other services to the New Series by TAM and its affiliates. The Board Members also reviewed information comparing the fees and expenses of the New Series to those of funds in its Lipper category. The Board Members considered the impact of capacity constraints in the small cap space on fee negotiations relating to the New Series, noting that the proposed advisory fee for the New Series was higher than the Lipper category median, but that the estimated total expenses of the New Series were comparable to the Lipper category median. The Board Members noted the anticipated profitability of the relationship between the New Series, TAM and its affiliates, and Lombardia, and determined that the management and sub-advisory fees to be received by TAM and Lombardia under the agreements are consistent with TAM’s fiduciary duty under applicable law.
Whether fee levels reflect economies of scale and the extent to which economies of scale would be realized as the New Series grows. In evaluating the extent to which the fees payable under the new investment advisory and sub-advisory agreements reflect economies of scale or will permit economies of scale to be realized in the future, the Board took note of TAM’s and Lombardia’s pricing schedules and the proposed advisory fee and sub-advisory fee breakpoints, as detailed in the materials provided to the Board, and noted each fee breakpoint with respect to the various asset levels to be achieved by the New Series. The Board concluded that the proposed fees and breakpoints may benefit investors by permitting economies of scale in the form of lower management fees as the level of assets grows for the New Series. The Board Members also noted that, in the future, they would have the opportunity to periodically reexamine whether the New Series has achieved economies of scale and the appropriateness of management fees payable to TAM and fees payable by TAM to Lombardia.
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Page 126 |
TRANSAMERICA SMALL CAP VALUE (continued)
APPROVAL OF INVESTMENT ADVISORY AND SUB-ADVISORY AGREEMENTS
(unaudited)
Benefits to TAM, its affiliates, or Lombardia from their relationship with the New Series. The Board noted that TAM believes that other benefits anticipated to be derived by TAM, its affiliates, and Lombardia from their relationships with the New Series are expected to be consistent with industry practice. The Board Members noted that TAM would not realize soft dollar benefits from its relationship with the New Series, and that Lombardia may engage in soft dollar arrangements consistent with applicable law and “best execution” requirements.
Other considerations. The Board considered the investment objective of the New Series and its investment strategies and noted that TAM believes that the New Series would enhance the Trust’s retail product line-up as well as the investment options for the asset allocation funds. The Board noted that TAM has made a substantial commitment to the recruitment and retention of high quality personnel, and maintains the financial, compliance and operational resources reasonably necessary to manage the New Series in a professional manner that is consistent with the best interests of the New Series and its shareholders. In this regard, the Board Members favorably considered TAM’s procedures and policies to enforce compliance with applicable laws and regulations and oversee the portfolio management activities of Lombardia. The Board Members also noted that TAM has made a significant entrepreneurial commitment to the management and success of the New Series, reflected by TAM’s expense limitation arrangement with the New Series that may result in TAM waiving fees for the benefit of shareholders.
Transamerica Funds | Semi-Annual Report 2012 | |||
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TRANSAMERICA TACTICAL INCOME
APPROVAL OF INVESTMENT ADVISORY AND SUB-ADVISORY AGREEMENTS
(unaudited)
At a meeting of the Board of Trustees of Transamerica Funds (the “Board”) held on August 17, 2011, the Board reviewed and considered the approval of a proposed mandate to establish Transamerica Tactical Income as a new series of Transamerica Funds (the “Trust”). The Board reviewed and considered the proposed investment advisory agreement (the “Investment Advisory Agreement”) between Transamerica Tactical Income (the “Fund”) and Transamerica Asset Management, Inc. (“TAM”), as well as the proposed investment sub-advisory agreement (the “Sub-Advisory Agreement”) of the Fund between TAM and AEGON USA Investment Management, LLC (“AUIM”) (the “Sub-Adviser”), to determine whether the agreements should be approved for an initial two-year period.
Following their review and consideration, the Board determined that the proposed Investment Advisory Agreement and the proposed Sub-Advisory Agreement will enable shareholders of the Fund to obtain high quality services at a cost that is appropriate, fair, and in the best interests of its shareholders. The Board, including the independent members of the Board, unanimously approved the proposed Investment Advisory Agreement and Sub-Advisory Agreement.
In reaching their decision, the Board requested and obtained from TAM and AUIM such information as they deemed reasonably necessary to evaluate the proposed agreements. In considering the proposed approval of Investment Advisory Agreement and Sub-Advisory Agreement, the Board evaluated a number of considerations that they believed, in light of the legal advice furnished to them by independent legal counsel and their own business judgment, to be relevant. The Board based their decisions on the following considerations, among others, although they did not identify any consideration or particular information that was controlling of their decisions and each member of the Board may have attributed different weights to the various factors.
The nature, extent and quality of the advisory services to be provided. The Board considered the nature, extent and quality of the services expected to be provided by TAM and AUIM. The Board considered the services to be provided by TAM for the portion of the management fee it will retain after payment of AUIM’s fee, including oversight of the performance of administrative, recordkeeping, shareholder relations, regulatory reporting and other functions of the New Series as well as “manager of managers” services TAM will provide in the form of selection and oversight of AUIM. The Board also considered the experience, capability and integrity of TAM’s senior management, the financial resources of TAM and AUIM, TAM’s management oversight process and the professional qualifications of AUIM’s portfolio management team. The Board Members determined that TAM and AUIM can provide investment and related services that are appropriate in scope and extent in light of the New Series’ operations, the competitive landscape of the investment company business and investor needs.
It was noted that in order for the New Series to invest in the Vanguard, iShares, ProShares and SPDR Index Exchange Traded Funds (“ETFs”), as proposed, the Board was required to consider whether the fees to be charged by TAM and AUIM were duplicative of those to be charged by each of the ETF managers. It was noted that TAM will render “manager of managers” services to the New Series by, among other things, closely monitoring AUIM’s performance and by adding additional sub-advisers or altering the composition of sub-advisers as necessary to adapt to market conditions or the New Series’ performance. It also was noted that AUIM has developed an asset allocation model which they will utilize to select a basket of investments for the New Series in an attempt to match or exceed the return of an unmanaged benchmark. On these bases, the Board determined that the fees to be charged by TAM and AUIM are based on services that are in addition to, rather than duplicative of, the services provided by the investment advisers to the underlying ETFs in which the New Series will invest.
The investment performance of the New Series. The New Series is not yet in existence and therefore had no historical performance for the Board to review. However, the Board Members were provided with model performance data based on back testing against the proposed primary and composite benchmark for the period of July 2006 to June 2011. The Board Members noted that based on this model, the annualized performance of the New Series exhibited higher returns than the primary and composite benchmarks for the 1-, 3-and 5-year periods ended June 30, 2011. On the basis of the Board Members’ assessment of the nature, extent and quality of advisory services to be provided or procured by TAM and AUIM, the Board Members concluded that TAM and AUIM are capable of generating a level of investment performance that is appropriate in light of the New Series’ proposed investment objectives, policies and strategies.
The cost of advisory services provided and the level of profitability. The New Series was not yet in existence and therefore no revenue, cost or profitability data was available for the Board to review. However, the Board reviewed projected profitability information regarding TAM’s costs of procuring portfolio management services as well as the costs of providing administration, transfer agency, fund accounting and other services to the New Series by TAM and its affiliates. The Board Members noted that the proposed advisory fee for the New Series was higher than its Lipper category median, but noted that Lipper does not currently have a category devoted to tactical allocation funds and, as a result, the peer group information reflected fees for a variety of funds. The Board Members noted the anticipated profitability of the relationship between the New Series, TAM and its affiliates, and AUIM, as applicable, and determined that the management and sub-advisory fees to be received by TAM and AUIM under the agreements are consistent with TAM’s fiduciary duty under applicable law.
Whether fee levels reflect economies of scale and the extent to which economies of scale would be realized as the New Series grows. In evaluating the extent to which the management fees payable under the new investment advisory and sub-advisory agreements reflect economies of scale or will permit economies of scale to be realized in the future, the Board took note of TAM’s and AUIM’s pricing schedules and the proposed advisory and sub-advisory fee breakpoints, as detailed in the materials provided to the Board, and noted each fee breakpoint with respect to the various asset levels to be achieved by the New Series. The Board concluded that the proposed fees and breakpoints may benefit investors by permitting economies of scale in the form of lower management fees as the level of assets grows for the New Series. The Board Members also noted that, in the future, they would have the opportunity to periodically reexamine whether the New Series has achieved economies of scale and the appropriateness of management fees payable to TAM and fees payable by TAM to AUIM.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 128 |
TRANSAMERICA TACTICAL INCOME (continued)
APPROVAL OF INVESTMENT ADVISORY AND SUB-ADVISORY AGREEMENTS
(unaudited)
Benefits to TAM, its affiliates, or AUIM from their relationship with the New Series. The Board noted that TAM believes that other benefits anticipated to be derived by TAM, its affiliates, and AUIM from their relationships with the New Series are expected to be consistent with industry practice. The Board Members noted that TAM would not realize soft dollar benefits from its relationship with the New Series, and that AUIM may engage in soft dollar arrangements consistent with applicable law and “best execution” requirements. It was noted, however, that given the nature of the proposed New Series and the role of AUIM in selecting ETF investments for the proposed New Series, there were unlikely to be significant brokerage or soft dollar arrangements.
Other considerations. The Board considered the investment objective of the New Series and its investment strategy and noted that TAM believes that the New Series would enhance the retail product line-up of the Trust. The Board noted that TAM has made a substantial commitment to the recruitment and retention of high quality personnel, and maintains the financial, compliance and operational resources reasonably necessary to manage the New Series in a professional manner that is consistent with the best interests of the New Series and its shareholders. In this regard, the Board Members favorably considered TAM’s procedures and policies to enforce compliance with applicable laws and regulations and oversee the portfolio management activities of AUIM. The Board Members also noted and favorably considered the procedures and policies created for investing in the Vanguard, iShares, ProShares and SPDR Index ETFs pursuant to their respective exemptive orders. The Board Members also noted that TAM has made a significant entrepreneurial commitment to the management and success of the New Series, reflected by TAM’s expense limitation and fee waiver arrangements with the New Series that may result in TAM waiving fees for the benefit of shareholders. In approving the New Series, the Board also considered the high quality of the sub-adviser’s portfolio management personnel who will manage the New Series under the sub-advisory agreement, and their overall portfolio management capabilities. The Board noted TAM’s belief that AUIM, too, has made substantial commitments to the recruitment and retention of high quality personnel, and maintain the financial and operational resources reasonably necessary to manage the New Series.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 129 |
PROXY VOTING POLICIES AND PROCEDURES AND QUARTERLY PORTFOLIO HOLDINGS
(unaudited)
A description of the Transamerica Funds’ proxy voting policies and procedures is available in the Statement of Additional Information of the Portfolios, available without charge upon request by calling 1-888-233-4339 (toll free) or on the Securities and Exchange Commission’s (“SEC”) website at http://www.sec.gov.
In addition, the Funds are required to file Form N-PX, with their complete proxy voting records for the 12 months ended June 30th, no later than August 31st of each year. The Form is available without charge: (1) from the Funds, upon request by calling 1-888-233-4339; and (2) on the SEC’s website at http://www.sec.gov.
The Funds file their complete schedule of portfolio holdings with the SEC for the first and third quarter of each fiscal year on Form N-Q, which is available on the SEC’s website at http://www.sec.gov. The Funds’ Form N-Q may be reviewed and copied at the SEC’s Public Reference Room in Washington, D.C. Information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330.
You may also visit the Trust’s website at www.transamericainvestments.com for this and other information about the Funds and the Trust.
Important Notice Regarding Delivery of Shareholder Documents
Every year we send shareholders informative materials such as the Transamerica Funds Annual Report, the Transamerica Funds Prospectus, and other required documents that keep you informed regarding your Funds. Transamerica Funds will only send one piece per mailing address, a method that saves your Funds money by reducing mailing and printing costs. We will continue to do this unless you tell us not to. To elect to receive individual mailings, simply call a Transamerica Customer Service Representative toll free at 1-888-233-4339, 8 a.m. to 7 p.m. Eastern Time, Monday-Friday. Your request will take effect within 30 days.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 130 |
NOTICE OF PRIVACY POLICY
(unaudited)
Protecting your privacy is very important to us. We want you to understand what information we collect and how we use it. We collect and use “nonpublic personal information” in connection with providing our customers with a broad range of financial products and services as effectively and conveniently as possible. We treat nonpublic personal information in accordance with our Privacy Policy.
What Information We Collect and From Whom We Collect It
We may collect nonpublic personal information about you from the following sources:
• | Information we receive from you on applications or other forms, such as your name, address, and account number; |
• | Information about your transactions with us, our affiliates, or others, such as your account balance and purchase/redemption history; and |
• | Information we receive from non-affiliated third parties, including consumer reporting agencies. |
What Information We Disclose and To Whom We Disclose It
We do not disclose any nonpublic personal information about current or former customers to anyone without their express consent, except as permitted by law. We may disclose the nonpublic personal information we collect, as described above, to persons or companies that perform services on our behalf and to other financial institutions with which we have joint marketing agreements. We will require these companies to protect the confidentiality of your nonpublic personal information and to use it only to perform the services for which we have hired them.
Our Security Procedures
We restrict access to your nonpublic personal information and only allow disclosures to persons and companies as permitted by law to assist in providing products or services to you. We maintain physical, electronic, and procedural safeguards to protect your nonpublic personal information and to safeguard the disposal of certain consumer information.
If you have any questions about our Privacy Policy, please call 1-888-233-4339 on any business day between 8 a.m. and 7 p.m. Eastern Time.
Note: This Privacy Policy applies only to customers that have a direct relationship with us or our affiliates. If you own shares of our funds in the name of a third party such as a bank or broker-dealer, its privacy policy may apply to you instead of ours.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 131 |
Customer Service 1-888-233-4339
P.O. Box 9012 • Clearwater, FL 33758-9012
Distributor: Transamerica Capital, Inc.
Class I2 Funds
Semi-Annual Report
April 30, 2012
www.transamericainvestments.com
Customer Service 1-888-233-4339
P.O. Box 9012 • Clearwater, FL 33758-9012
Distributor: Transamerica Capital, Inc.
Dear Fellow Shareholder,
On behalf of Transamerica Funds, we would like to thank you for your continued support and confidence in our products as we look forward to continuing to serve you and your financial adviser in the future. We value the trust you have placed in us.
This semi-annual report is provided to you with the intent of presenting a comprehensive review of the investments of each of your funds. The Securities and Exchange Commission requires that annual and semi-annual reports be sent to all shareholders, and we believe this report to be an important part of the investment process. In addition to providing a comprehensive review, this report also provides a discussion of accounting policies as well as matters presented to shareholders that may have required their vote.
We believe it is important to understand market conditions over the last six months in order to provide a context for reading this report. As the period began in November of 2011, the crisis in Europe had already driven most global asset prices down. Investors were gripped by the fear of both a European Sovereign default and a large European bank failure potentially causing a global banking crisis. In December, the European Central Bank responded by making unlimited loans available to troubled European banks. In turn, these European banks used a portion of this money to purchase Sovereign bonds. The combined effect was to significantly reduce market fear and selling pressure.
Then, in January and February of 2012, economic strength in the United States coincided with temporarily improved economic results in Asia and Europe. Relieved investors jumped back into risky assets, and as a result, equity and bond markets across the globe rallied strongly for the first two months of the year. In March and April, economic weakness in Europe and in China reasserted itself, and as a result, global equities gave up a significant portion of their gains. U.S. economics weakened slightly but remained strong relative to the rest of the world allowing U.S. equities to hold their ground. For the six month period ending April 30, 2012, the Standard & Poor’s 500® Index gained 12.77%, the Morgan Stanley Capital International – Europe, Australasia, Far East Index gained 2.71%, and the Barclays U.S. Aggregate Bond Index gained 2.44%. Please keep in mind it is important to maintain a diversified portfolio as investment returns have historically been difficult to predict.
In addition to your active involvement in the investment process, we firmly believe that a financial adviser is a key resource to help you build a complete picture of your current and future financial needs. Financial advisers are familiar with the market’s history, including long-term returns and volatility of various asset classes. With your financial adviser, you can develop an investment program that incorporates factors such as your goals, your investment timeline, and your risk tolerance.
Please contact your financial adviser if you have any questions about the contents of this report, and thanks again for the confidence you have placed in us.
Sincerely,
Thomas A. Swank | Christopher A. Staples | |
President & Chief Executive Officer | Vice President & Chief Investment Officer | |
Transamerica Funds | Transamerica Funds |
Understanding Your Funds’ Expenses
(unaudited)
SHAREHOLDER EXPENSES
Fund shareholders may incur two types of costs: (1) transaction costs, including sales charges (loads) on purchases, contingent deferred sales charges on redemptions; and (2) ongoing costs, including management fees, dividend expense on short-sales, and other fund expenses.
The following examples are intended to help you understand your ongoing costs (in dollars and cents) of investing in the funds and to compare these costs with the ongoing costs of investing in other funds.
The examples are based on an investment of $1,000 invested at November 1, 2011 and held for the entire period until April 30, 2012.
ACTUAL EXPENSES
The information in the table under the heading “Actual Expenses” provides information about actual account values and actual expenses. You may use the information in these columns, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = $8.60), then multiply the result by the number in the appropriate column for your share class titled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.
HYPOTHETICAL EXAMPLE FOR COMPARISON PURPOSES
The information in the table under the heading “Hypothetical Expenses” provides information about hypothetical account values and hypothetical expenses based on the funds’ actual expense ratios and an assumed rate of return of 5% per year before expenses, which is not the funds’ actual returns. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in your fund versus other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.
Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs. Therefore, the information under the heading “Hypothetical Expenses” is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transaction costs were included, your costs would have been higher. The expenses shown in the table do not reflect any fees that may be charged to you by brokers, financial intermediaries, or other financial institutions.
Expense ratios may vary period to period because of various factors, such as an increase in expenses that are not a part of the advisory and administrative fees, such as fees and expenses of the trustees and their counsel, extraordinary expenses, and interest expense.
Actual Expenses | Hypothetical Expenses(A) | |||||||||||||||||||||||
Fund Name(B) | Beginning Account Value | Ending Account Value | Expenses Paid During Period(C) | Ending Account Value | Expenses Paid During Period(C) | Annualized Expense Ratio | ||||||||||||||||||
Transamerica Arbitrage Strategy | $ | 1,000.00 | $ | 1,006.80 | $ | 9.98 | $ | 1,014.92 | $ | 10.02 | 2.00 | %(D) | ||||||||||||
Transamerica Bond | 1,000.00 | 1,063.00 | 3.69 | 1,021.28 | 3.62 | 0.72 | ||||||||||||||||||
Transamerica Core Bond | 1,000.00 | 1,030.00 | 2.32 | 1,022.58 | 2.31 | 0.46 | ||||||||||||||||||
Transamerica Developing Markets Debt | 1,000.00 | 1,075.20 | 5.21 | 1,019.84 | 5.07 | 1.01 | ||||||||||||||||||
Transamerica Developing Markets Equity | 1,000.00 | 1,061.80 | 6.87 | 1,018.20 | 6.72 | 1.34 | ||||||||||||||||||
Transamerica Emerging Markets | 1,000.00 | 1,037.10 | 7.09 | 1,017.90 | 7.02 | 1.40 | ||||||||||||||||||
Transamerica Global Macro | 1,000.00 | 988.00 | 7.12 | 1,017.70 | 7.22 | 1.44 | ||||||||||||||||||
Transamerica Global Real Estate Securities | 1,000.00 | 1,093.40 | 5.05 | 1,020.04 | 4.87 | 0.97 | ||||||||||||||||||
Transamerica Growth | 1,000.00 | 1,142.30 | 4.42 | 1,020.74 | 4.17 | 0.83 | ||||||||||||||||||
Transamerica International | 1,000.00 | 1,062.50 | 5.64 | 1,019.39 | 5.52 | 1.10 | ||||||||||||||||||
Transamerica International Equity Opportunities | 1,000.00 | 1,068.40 | 5.25 | 1,019.79 | 5.12 | 1.02 | ||||||||||||||||||
Transamerica International Small Cap | 1,000.00 | 1,082.80 | 6.37 | 1,018.75 | 6.17 | 1.23 | ||||||||||||||||||
Transamerica International Value | 1,000.00 | 1,025.20 | 5.29 | 1,019.64 | 5.27 | 1.05 | ||||||||||||||||||
Transamerica International Value Opportunities | 1,000.00 | 1,051.40 | 5.81 | 1,019.19 | 5.72 | 1.14 | ||||||||||||||||||
Transamerica Large Cap Value | 1,000.00 | 1,119.70 | 4.43 | 1,020.69 | 4.22 | 0.84 | ||||||||||||||||||
Transamerica Long/Short Strategy | 1,000.00 | 1,016.50 | 17.35 | 1,007.66 | 17.27 | 3.46 | (E) | |||||||||||||||||
Transamerica Mid Cap Value | 1,000.00 | 1,141.90 | 4.79 | 1,020.39 | 4.52 | 0.90 | ||||||||||||||||||
Transamerica Real Return TIPS | 1,000.00 | 1,042.10 | 3.66 | 1,021.28 | 3.62 | 0.72 | ||||||||||||||||||
Transamerica Select Equity | 1,000.00 | 1,122.80 | 4.06 | 1,021.03 | 3.87 | 0.77 | ||||||||||||||||||
Transamerica Small- & Mid-Cap Value Select | 1,000.00 | 1,048.70 | 4.99 | 1,019.99 | 4.92 | 0.98 | ||||||||||||||||||
Transamerica Small Company Growth | 1,000.00 | 1,072.90 | 5.26 | 1,019.79 | 5.12 | 1.02 | ||||||||||||||||||
Transamerica Total Return | 1,000.00 | 1,040.90 | 3.76 | 1,021.18 | 3.72 | 0.74 | ||||||||||||||||||
Transamerica Value | 1,000.00 | 1,070.30 | 4.53 | 1,020.49 | 4.42 | 0.88 |
(A) | 5% return per year before expenses. |
(B) | See the notes to the financial statements for information regarding name changes for the funds. |
(C) | Expenses are calculated using the fund’s annualized expense ratio (as disclosed in the table), multiplied by the average account value for the period, multiplied by the number of days in the period (182 days), and divided by the number of days in the year (366 days). |
(D) | Includes dividends and interest on securities sold short (representing 0.75% of average net assets). |
(E) | Includes dividends and interest on securities sold short (representing 2.05% of average net assets). |
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 1 |
Schedules of Investments Composition
At April 30, 2012
(The following charts summarize the Schedules of Investments of the funds by asset type.)
(unaudited)
Transamerica Arbitrage Strategy | % of Net Assets | |||
Common Stocks | 86.1 | % | ||
Repurchase Agreement | 8.5 | |||
Investment Company | 1.9 | |||
Purchased Options | 0.7 | |||
Other Assets and Liabilities—Net(A) | 2.8 | |||
|
| |||
Total | 100.0 | % | ||
|
|
Transamerica Bond | % of Net Assets | |||
Corporate Debt Securities | 46.3 | % | ||
Securities Lending Collateral | 21.8 | |||
Foreign Government Obligations | 18.5 | |||
U.S. Government Obligations | 8.4 | |||
Convertible Bonds | 8.0 | |||
Mortgage-Backed Securities | 7.2 | |||
Convertible Preferred Stocks | 3.7 | |||
Repurchase Agreement | 2.1 | |||
Common Stocks | 1.5 | |||
Preferred Stocks | 1.4 | |||
Asset-Backed Securities | 0.9 | |||
Structured Notes Debt | 0.8 | |||
Preferred Corporate Debt Securities | 0.2 | |||
Other Assets and Liabilities—Net | (20.8 | ) | ||
|
| |||
Total | 100.0 | % | ||
|
|
Transamerica Core Bond | % of Net Assets | |||
U.S. Government Agency Obligations | 50.0 | % | ||
Corporate Debt Securities | 15.8 | |||
U.S. Government Obligations | 14.2 | |||
Mortgage-Backed Securities | 10.6 | |||
Securities Lending Collateral | 7.7 | |||
Repurchase Agreement | 3.9 | |||
Asset-Backed Securities | 3.3 | |||
Foreign Government Obligations | 1.6 | |||
Municipal Government Obligations | 0.2 | |||
Other Assets and Liabilities—Net | (7.3 | ) | ||
|
| |||
Total | 100.0 | % | ||
|
|
Transamerica Developing Markets Debt | % of Net Assets | |||
Foreign Government Obligations | 58.1 | % | ||
Corporate Debt Securities | 30.6 | |||
Securities Lending Collateral | 11.7 | |||
Repurchase Agreement | 9.7 | |||
Other Assets and Liabilities—Net(A) | (10.1 | ) | ||
|
| |||
Total | 100.0 | % | ||
|
|
Transamerica Developing Markets Equity | % of Net Assets | |||
Common Stocks | 91.3 | % | ||
Securities Lending Collateral | 12.9 | |||
Repurchase Agreement | 5.3 | |||
Preferred Stocks | 1.7 | |||
Other Assets and Liabilities—Net | (11.2 | ) | ||
|
| |||
Total | 100.0 | % | ||
|
|
Transamerica Emerging Markets | % of Net Assets | |||
Common Stocks | 92.2 | % | ||
Securities Lending Collateral | 5.6 | |||
Repurchase Agreement | 2.9 | |||
Preferred Stocks | 1.0 | |||
Investment Company | 0.2 | |||
Other Assets and Liabilities—Net | (1.9 | ) | ||
|
| |||
Total | 100.0 | % | ||
|
|
Transamerica Global Macro | % of Net Assets | |||
Short-Term U.S. Government Obligations | 62.7 | % | ||
Repurchase Agreement | 36.1 | |||
Purchased Options | 0.3 | |||
Other Assets and Liabilities—Net(A) | 0.9 | |||
|
| |||
Total | 100.0 | % | ||
|
|
Transamerica Global Real Estate Securities | % of Net Assets | |||
Common Stocks | 98.3 | % | ||
Securities Lending Collateral | 17.3 | |||
Repurchase Agreement | 1.3 | |||
Right | 0.0 | * | ||
Other Assets and Liabilities—Net | (16.9 | ) | ||
|
| |||
Total | 100.0 | % | ||
|
|
Transamerica Growth | % of Net Assets | |||
Common Stocks | 99.3 | % | ||
Securities Lending Collateral | 5.0 | |||
Repurchase Agreement | 0.4 | |||
Other Assets and Liabilities—Net | (4.7 | ) | ||
|
| |||
Total | 100.0 | % | ||
|
|
Transamerica International | % of Net Assets | |||
Common Stocks | 95.2 | % | ||
Securities Lending Collateral | 12.3 | |||
Repurchase Agreement | 3.0 | |||
Other Assets and Liabilities—Net | (10.5 | ) | ||
|
| |||
Total | 100.0 | % | ||
|
|
Transamerica International Equity Opportunities | % of Net Assets | |||
Common Stocks | 100.5 | % | ||
Securities Lending Collateral | 9.8 | |||
Other Assets and Liabilities—Net | (10.3 | ) | ||
|
| |||
Total | 100.0 | % | ||
|
|
Transamerica International Small Cap | % of Net Assets | |||
Common Stocks | 96.6 | % | ||
Securities Lending Collateral | 13.5 | |||
Repurchase Agreement | 0.7 | |||
Right | 0.0 | * | ||
Other Assets and Liabilities—Net | (10.8 | ) | ||
|
| |||
Total | 100.0 | % | ||
|
|
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 2 |
Schedules of Investments Composition (continued)
At April 30, 2012
(The following charts summarize the Schedules of Investments of the funds by asset type.)
(unaudited)
Transamerica International Value | % of Net Assets | |||
Common Stocks | 95.7 | % | ||
Securities Lending Collateral | 12.9 | |||
Preferred Stocks | 2.5 | |||
Other Assets and Liabilities—Net | (11.1 | ) | ||
|
| |||
Total | 100.0 | % | ||
|
|
Transamerica International Value Opportunities | % of Net Assets | |||
Common Stocks | 95.9 | % | ||
Securities Lending Collateral | 7.5 | |||
Preferred Stocks | 1.8 | |||
Repurchase Agreement | 1.8 | |||
Other Assets and Liabilities—Net(A) | (7.0 | ) | ||
|
| |||
Total | 100.0 | % | ||
|
|
Transamerica Large Cap Value | % of Net Assets | |||
Common Stocks | 99.9 | % | ||
Securities Lending Collateral | 4.5 | |||
Short-Term Investment Company | 0.1 | |||
Other Assets and Liabilities—Net | (4.5 | ) | ||
|
| |||
Total | 100.0 | % | ||
|
|
Transamerica Long/Short Strategy | % of Net Assets | |||
Common Stocks | 103.9 | % | ||
Repurchase Agreement | 0.1 | |||
Other Assets and Liabilities—Net(A) | (4.0 | ) | ||
|
| |||
Total | 100.0 | % | ||
|
|
Transamerica Mid Cap Value | % of Net Assets | |||
Common Stocks | 98.1 | % | ||
Securities Lending Collateral | 9.0 | |||
Repurchase Agreement | 1.6 | |||
Other Assets and Liabilities—Net | (8.7 | ) | ||
|
| |||
Total | 100.0 | % | ||
|
|
Transamerica Real Return TIPS | % of Net Assets | |||
U.S. Government Obligations | 90.0 | % | ||
Corporate Debt Securities | 10.8 | |||
Securities Lending Collateral | 9.9 | |||
Mortgage-Backed Securities | 3.7 | |||
Foreign Government Obligations | 3.4 | |||
Asset-Backed Securities | 0.8 | |||
Loan Assignments | 0.7 | |||
U.S. Government Agency Obligations | 0.4 | |||
Repurchase Agreement | 0.2 | |||
Municipal Government Obligations | 0.1 | |||
Short-Term U.S. Government Obligation | 0.0 | * | ||
Purchased Swaptions | 0.0 | * | ||
Other Assets and Liabilities—Net(A) | (20.0 | ) | ||
|
| |||
Total | 100.0 | % | ||
|
|
Transamerica Select Equity | % of Net Assets | |||
Common Stocks | 95.7 | % | ||
Repurchase Agreement | 4.3 | |||
Other Assets and Liabilities—Net | — | * | ||
|
| |||
Total | 100.0 | % | ||
|
|
Transamerica Small- & Mid-Cap Value Select | % of Net Assets | |||
Common Stocks | 89.5 | % | ||
Repurchase Agreement | 64.9 | |||
Securities Lending Collateral | 12.5 | |||
Other Assets and Liabilities—Net | (66.9 | ) | ||
|
| |||
Total | 100.0 | % | ||
|
|
Transamerica Small Company Growth | % of Net Assets | |||
Common Stocks | 96.0 | % | ||
Securities Lending Collateral | 25.8 | |||
Preferred Stocks | 2.6 | |||
Convertible Preferred Stock | 0.6 | |||
Repurchase Agreement | 0.4 | |||
Corporate Debt Securities | 0.0 | * | ||
Other Assets and Liabilities—Net | (25.4 | ) | ||
|
| |||
Total | 100.0 | % | ||
|
|
Transamerica Total Return | % of Net Assets | |||
U.S. Government Agency Obligations | 39.8 | % | ||
U.S. Government Obligations | 18.9 | |||
Repurchase Agreements | 17.9 | |||
Corporate Debt Securities | 17.9 | |||
Foreign Government Obligations | 8.4 | |||
Mortgage-Backed Securities | 6.6 | |||
Securities Lending Collateral | 5.1 | |||
Municipal Government Obligations | 3.5 | |||
Asset-Backed Securities | 3.0 | |||
Short-Term U.S. Government Obligations | 1.7 | |||
Preferred Corporate Debt Security | 0.3 | |||
Convertible Preferred Stock | 0.2 | |||
Preferred Stock | 0.1 | |||
Other Assets and Liabilities—Net(A) | (23.4 | ) | ||
|
| |||
Total | 100.0 | % | ||
|
|
Transamerica Value | % of Net Assets | |||
Common Stocks | 86.9 | % | ||
Securities Lending Collateral | 14.4 | |||
Repurchase Agreement | 12.2 | |||
Other Assets and Liabilities—Net | (13.5 | ) | ||
|
| |||
Total | 100.0 | % | ||
|
|
(A) | The Other Assets and Liabilities—Net category may include, but is not limited to, Forward Foreign Currency Contracts, Futures Contracts, Swap Agreements, Written Options and Swaptions, Securities Sold Short, and Cash Collateral. |
* | Rounds to less than 0.1% or (0.1)%. |
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 3 |
Transamerica Arbitrage Strategy
(formerly, Transamerica Water Island Arbitrage Strategy)
SCHEDULE OF INVESTMENTS
At April 30, 2012
(unaudited)
Shares | Value (000’s) | |||||||
COMMON STOCKS—86.1% | ||||||||
Aerospace & Defense—5.0% | ||||||||
Goodrich Corp. Ŏ | 53,983 | $ | 6,773 | |||||
Air Freight & Logistics—2.3% | ||||||||
TNT Express NV | 263,213 | 3,191 | ||||||
Automobiles—1.7% | ||||||||
Proton Holdings Bhd | 1,271,600 | 2,303 | ||||||
Biotechnology—1.3% | ||||||||
Allos Therapeutics, Inc. ‡ | 121,249 | 221 | ||||||
Ardea Biosciences, Inc. ‡ | 48,218 | 1,536 | ||||||
Building Products—0.8% | ||||||||
Wavin NV ‡ | 74,013 | 1,027 | ||||||
Capital Markets—0.2% | ||||||||
Edelman Financial Group, Inc. | 35,904 | 317 | ||||||
Chemicals—5.3% | ||||||||
Neo Material Technologies, Inc. ‡ | 56,568 | 624 | ||||||
Solutia, Inc. Ŏ | 232,685 | 6,594 | ||||||
Commercial Banks—0.2% | ||||||||
Encore Bancshares, Inc. ‡ | 10,651 | 218 | ||||||
Communications Equipment—5.8% | ||||||||
Motorola Mobility Holdings, Inc. ‡ Ŏ | 201,857 | 7,836 | ||||||
Diversified Consumer Services—0.4% | ||||||||
Archipelago Learning, Inc. ‡ | 54,232 | 600 | ||||||
Diversified Financial Services—2.0% | ||||||||
Osaka Securities Exchange Co., Ltd. | 469 | 2,685 | ||||||
Diversified Telecommunication Services—1.3% | ||||||||
AboveNet, Inc. ‡ | 15,595 | 1,297 | ||||||
SureWest Communications | 10,002 | 226 | ||||||
TELUS Corp. (Non-Voting Shares)—Class A | 4,403 | 258 | ||||||
Electric Utilities—8.3% | ||||||||
Central Vermont Public Service Corp. | 66,001 | 2,327 | ||||||
Progress Energy, Inc. Ŏ | 168,445 | 8,965 | ||||||
Electrical Equipment—3.3% | ||||||||
Thomas & Betts Corp. ‡ Ŏ | 62,156 | 4,470 | ||||||
Electronic Equipment & Instruments—0.2% | ||||||||
DDi Corp. | 17,751 | 231 | ||||||
X-Rite, Inc. ‡ | 8,200 | 45 | ||||||
Energy Equipment & Services—2.0% | ||||||||
Flint Energy Services, Ltd. ‡ | 107,400 | 2,708 | ||||||
Food Products—2.9% | ||||||||
Viterra, Inc. | 248,576 | 4,003 | ||||||
Health Care Equipment & Supplies—1.6% | ||||||||
Gen-Probe, Inc. ‡ | 21,136 | 1,724 | ||||||
Oridion Systems, Ltd. ‡ | 21,006 | 463 | ||||||
Health Care Providers & Services—2.0% | ||||||||
Catalyst Health Solutions, Inc. ‡ | 22,314 | 1,927 | ||||||
Express Scripts Holding Co. ‡ | 9,422 | 526 | ||||||
Rhoen Klinikum AG | 10,410 | 293 | ||||||
Hotels, Restaurants & Leisure—0.0% ¥ | ||||||||
KFC Holdings Malaysia Bhd | 12,208 | 15 | ||||||
Insurance—5.3% | ||||||||
Delphi Financial Group, Inc.—Class A Ŏ | 159,738 | 7,255 | ||||||
Internet Software & Services—4.9% | ||||||||
Alibaba.com, Ltd. ‡ | 3,641,906 | 6,252 | ||||||
RADVision, Ltd. ‡ | 37,274 | 439 | ||||||
Leisure Equipment & Products—0.1% | ||||||||
Adams Golf, Inc. ‡ | 6,685 | 72 | ||||||
Life Sciences Tools & Services—1.9% | 89,791 | 709 | ||||||
Illumina, Inc. ‡ Ŏ | 40,681 | 1,812 | ||||||
Machinery—0.9% | ||||||||
ERA Mining Machinery, Ltd. ‡ | 9,588,855 | 1,087 | ||||||
Flanders Corp. ‡ | 27,445 | 121 | ||||||
Media—2.7% | ||||||||
Astral Media, Inc.—Class A | 55,860 | 2,761 | ||||||
Knology, Inc. ‡ | 47,214 | 918 | ||||||
Metals & Mining—4.2% | ||||||||
BC Iron, Ltd. ‡ | 47,246 | 140 |
Shares | Value (000’s) | |||||||
Metals & Mining (continued) | ||||||||
Flinders Mines, Ltd. ‡ | 3,658,042 | $ | 781 | |||||
Pan American Silver Corp. | 32,061 | 626 | ||||||
Sumitomo Metal Industries, Ltd. | 1,588,994 | 2,855 | ||||||
Sundance Resources, Ltd. ‡ | 1,777,080 | 870 | ||||||
Trelawney Mining and Exploration, Inc. ‡ | 151,787 | 502 | ||||||
Oil, Gas & Consumable Fuels—7.4% | ||||||||
Cove Energy PLC ‡ | 225,146 | 828 | ||||||
El Paso Corp. | 279,297 | 8,287 | ||||||
Energy Transfer Equity, LP | 3,087 | 130 | ||||||
Sunoco, Inc. | 4,079 | 201 | ||||||
Whitecap Resources, Inc. ‡ | 72,189 | 650 | ||||||
Pharmaceuticals—1.2% | ||||||||
ISTA Pharmaceuticals, Inc. ‡ | 175,698 | 1,590 | ||||||
Semiconductors & Semiconductor Equipment—4.8% | ||||||||
Novellus Systems, Inc. ‡ Ŏ | 138,184 | 6,460 | ||||||
Software—0.6% | ||||||||
Convio, Inc. ‡ | 53,985 | 864 | ||||||
Specialty Retail—1.3% | ||||||||
Dreams, Inc. ‡ | 62,571 | 214 | ||||||
PEP Boys-Manny Moe & Jack | 101,592 | 1,517 | ||||||
Textiles, Apparel & Luxury Goods—0.1% | ||||||||
Billabong International, Ltd. | 24,548 | 68 | ||||||
Trading Companies & Distributors—4.1% | ||||||||
RSC Holdings, Inc. ‡ | 236,674 | 5,614 | ||||||
|
| |||||||
Total Common Stocks (cost $114,727) | 117,026 | |||||||
|
| |||||||
INVESTMENT COMPANY—1.9% | ||||||||
Capital Markets—1.9% | ||||||||
SPDR S&P 500 ETF Trust | 18,626 | 2,603 | ||||||
Total Investment Company (cost $2,319) |
Notional Amount (000’s) | Value (000’s) | |||||||
PURCHASED OPTIONS—0.7% | ||||||||
Call Options—0.0% ¥ | ||||||||
Eastman Chemical Co. | $ | 3 | 1 | |||||
Eastman Chemical Co. | 3 | u | ||||||
Express Scripts, Inc. | 3 | 5 | ||||||
Put Options—0.7% | ||||||||
El Paso Corp. | 10 | 3 | ||||||
Kinder Morgan GP, Inc. | 10 | 111 | ||||||
Kinder Morgan GP, Inc. | 24 | 287 | ||||||
Kinder Morgan, Inc. | 60 | 429 | ||||||
Molycorp, Inc. | 6 | 84 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 4 |
Transamerica Arbitrage Strategy
(formerly, Transamerica Water Island Arbitrage Strategy)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Notional Amount (000’s) | Value (000’s) | |||||||
Put Options (continued) | ||||||||
Pan American Silver Corp. | $ | 9 | $ | 7 | ||||
SPDR S&P 500 ETF Trust | 6 | 21 | ||||||
SPDR S&P 500 ETF Trust | 6 | 23 | ||||||
Sunoco, Inc. | 2 | 3 | ||||||
|
| |||||||
Total Purchased Options (cost $1,111) | 974 | |||||||
|
|
Principal (000’s) | Value (000’s) | |||||||
REPURCHASE AGREEMENT —8.5% | ||||||||
State Street Bank & Trust Co. | $ | 11,504 | 11,504 | |||||
Total Repurchase Agreement (cost $11,504) | ||||||||
|
| |||||||
Total Investment Securities (cost $129,661) P | 132,107 | |||||||
Other Assets and Liabilities—Net | 3,779 | |||||||
|
| |||||||
Net Assets | $ | 135,886 | ||||||
|
|
Shares | Value (000’s) | |||||||
SECURITIES SOLD SHORT—(22.4%) | ||||||||
COMMON STOCKS—(18.3%) | ||||||||
Chemicals—(1.1%) | ||||||||
Eastman Chemical Co. | (27,908 | ) | $ | (1,506 | ) | |||
Diversified Telecommunication Services—(0.7%) | ||||||||
TELUS Corp. | (16,869 | ) | (1,013 | ) | ||||
Electric Utilities—(6.8%) | ||||||||
Duke Energy Corp. | (431,855 | ) | (9,254 | ) | ||||
Health Care Technology—(0.7%) | ||||||||
SXC Health Solutions Corp. ‡ | (10,297 | ) | (933 | ) | ||||
Metals & Mining—(2.2%) | ||||||||
Molycorp, Inc. ‡ | (1,102 | ) | (30 | ) | ||||
Nippon Steel Corp. | (1,162,651 | ) | (2,897 | ) | ||||
Oil, Gas & Consumable Fuels—(0.7%) | ||||||||
Kinder Morgan, Inc. | (9,054 | ) | (325 | ) | ||||
Whitecap Resources, Inc. | (71,509 | ) | (644 | ) | ||||
Semiconductors & Semiconductor Equipment—(3.8%) | ||||||||
LAM Research Corp. ‡ | (125,045 | ) | (5,208 | ) | ||||
Trading Companies & Distributors—(2.3%) | ||||||||
United Rentals, Inc. ‡ | (65,867 | ) | (3,075 | ) | ||||
|
| |||||||
Total Common Stocks (proceeds $(23,816)) | (24,885 | ) | ||||||
|
| |||||||
INVESTMENT COMPANY—(3.8%) | ||||||||
Capital Markets—(3.8%) | ||||||||
SPDR S&P 500 ETF Trust | (36,522 | ) | (5,105 | ) | ||||
Total Investment Company (proceeds $(5,013)) |
Shares | Value (000’s) | |||||||
WARRANT—(0.3%) | ||||||||
Oil, Gas & Consumable Fuels—(0.3%) | ||||||||
Kinder Morgan, Inc. | (192,326 | ) | $ | (423 | ) | |||
Expires 02/15/2017 | ||||||||
Exercise Price: $40.00 | ||||||||
Total Warrant (proceeds $(405)) | ||||||||
|
| |||||||
Total Securities Sold Short (proceeds $(29,234)) | (30,413 | ) | ||||||
|
|
Notional Amount (000’s) | Value (000’s) | |||||||
WRITTEN OPTIONS —(0.2%) | ||||||||
Call Options —(0.2%) | ||||||||
Duke Energy Corp. | $ | (3) | (2) | |||||
El Paso Corp. | (1) | (u) | ||||||
Energy Transfer Equity, LP | (1) | (u) | ||||||
Express Scripts, Inc. | (10) | (1) | ||||||
Express Scripts, Inc. | (7) | (5) | ||||||
GEN Probe, Inc. | (1) | (u) | ||||||
Goodrich Corp. | (2) | (2) | ||||||
Illumina, Inc. | (15) | (23) | ||||||
Illumina, Inc. | (6) | (2) | ||||||
Illumina, Inc. | (6) | (1) | ||||||
Illumina, Inc. | (16) | (15) | ||||||
Illumina, Inc. | (2) | (u) | ||||||
Illumina, Inc. | (13) | (5) | ||||||
Illumina, Inc. | (12) | (26) | ||||||
Illumina, Inc. | (13) | (8) | ||||||
Illumina, Inc. | (u) | (u) |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 5 |
Transamerica Arbitrage Strategy
(formerly, Transamerica Water Island Arbitrage Strategy)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Notional Amount (000’s) | Value (000’s) | |||||||
Call Options (continued) | ||||||||
Illumina, Inc. | $ | ( | w) | $ | (1 | ) | ||
Illumina, Inc. | ( | w) | (2 | ) | ||||
Illumina, Inc. | ( | w) | (1 | ) | ||||
Illumina, Inc. | ( | w) | (1 | ) | ||||
Kinder Morgan GP, Inc. | (4 | ) | (6 | ) | ||||
Kinder Morgan GP, Inc. | (32 | ) | (5 | ) | ||||
Kinder Morgan GP, Inc. | (8 | ) | (6 | ) | ||||
Kinder Morgan GP, Inc. | (5 | ) | (1 | ) | ||||
Kinder Morgan GP, Inc. | (25 | ) | (5 | ) | ||||
Kinder Morgan GP, Inc. | (6 | ) | (2 | ) | ||||
Kinder Morgan, Inc. | (3 | ) | (3 | ) | ||||
Kinder Morgan, Inc. | (6 | ) | ( | w) | ||||
Kinder Morgan, Inc. | (76 | ) | (29 | ) | ||||
LAM Research Corp. | (4 | ) | (8 | ) | ||||
LAM Research Corp. | (1 | ) | ( | w) | ||||
LAM Research Corp. | (4 | ) | (3 | ) | ||||
LAM Research Corp. | (4 | ) | (6 | ) | ||||
LAM Research Corp. | (2 | ) | (1 | ) | ||||
Molycorp, Inc. | (6 | ) | (3 | ) | ||||
Motorola Mobility Holdings | (1 | ) | (1 | ) | ||||
Novellus Systems, Inc. | (2 | ) | (3 | ) |
Notional Amount (000’s) | Value (000’s) | |||||||
Call Options (continued) | ||||||||
Novellus Systems, Inc. | $ | (2) | $ | (1) | ||||
Novellus Systems, Inc. | (1) | (w) | ||||||
Novellus Systems, Inc. | (2) | (2) | ||||||
Pan American Silver Corp. ə | (9) | (3) | ||||||
Pan American Silver Corp. ə | (9) | (7) | ||||||
PEP Boys-Manny Moe & Jack ə | (30) | (1) | ||||||
Sunoco, Inc. Jun12 50 Call | (2) | (3) | ||||||
Sxc Health Solutions Corp. | (1) | (11) | ||||||
Sxc Health Solutions Corp. | (1) | (9) | ||||||
Sxc Health Solutions Corp. | (1) | (8) | ||||||
Sxc Health Solutions Corp. | ( | w) | (6) | |||||
Sxc Health Solutions Corp. | (1) | (9) | ||||||
TELUS Corp. (Non-Voting Shares) | CAD(5) | (8) | ||||||
TELUS Corp. (Non-Voting Shares) | (3) | (1) | ||||||
TELUS Corp. (Non-Voting Shares) | (4) | (15) | ||||||
Put Options—0.0%¥ | ||||||||
El Paso Corp. | $ | ( | w) | (w) | ||||
Express Scripts, Inc. | ( | w) | (w) | |||||
Express Scripts, Inc. | ( | w) | (1) | |||||
Express Scripts, Inc. | ( | w) | ( | w) | ||||
Express Scripts, Inc. | (16) | (1) |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 6 |
Transamerica Arbitrage Strategy
(formerly, Transamerica Water Island Arbitrage Strategy)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Notional Amount (000’s) | Value (000’s) | |||||||
Put Options (continued) | ||||||||
Illumina, Inc. | $ | (1 | ) | $ | ( | w) | ||
Kinder Morgan, Inc. | (4 | ) | (3 | ) | ||||
Kinder Morgan, Inc. | (1 | ) | (2 | ) | ||||
Pan American Silver Corp. | (17 | ) | (9 | ) | ||||
SPDR S&P 500 ETF Trust | (5 | ) | (3 | ) | ||||
SPDR S&P 500 ETF Trust | (5 | ) | (4 | ) | ||||
SPDR S&P 500 ETF Trust | (5 | ) | (2 | ) | ||||
SPDR S&P 500 ETF Trust | (1 | ) | ( | w) | ||||
Sunoco, Inc. | (2 | ) | (1 | ) | ||||
TELUS Corp. (Non-Voting Shares) | CAD | (5) | (2 | ) | ||||
|
| |||||||
Total Written Options (premiums: $(328)) | (289 | ) | ||||||
|
|
FORWARD FOREIGN CURRENCY CONTRACTS:
Currency | Counterparty | Contracts Bought (Sold) (000’s) | Settlement Date | Amount in U.S. Dollars Bought (Sold) (000’s) | Net Unrealized Appreciation (Depreciation) (000’s) | |||||||||||
Australian Dollar | GSC | 305 | 06/15/2012 | $ | 313 | $ | 3 | |||||||||
Australian Dollar | GSC | (150 | ) | 06/15/2012 | (154 | ) | (2) | |||||||||
Australian Dollar | GSC | (60 | ) | 06/15/2012 | (62 | ) | (w) | |||||||||
Australian Dollar | GSC | (30 | ) | 06/15/2012 | (31 | ) | w | |||||||||
Australian Dollar | GSC | (60 | ) | 06/15/2012 | (62 | ) | w | |||||||||
Australian Dollar | GSC | (280 | ) | 06/15/2012 | (294 | ) | 4 | |||||||||
Australian Dollar | GSC | (8 | ) | 06/15/2012 | (8 | ) | (w) | |||||||||
Australian Dollar | GSC | (6 | ) | 06/15/2012 | (6 | ) | (w) | |||||||||
Australian Dollar | GSC | (92 | ) | 06/15/2012 | (96 | ) | 1 | |||||||||
Australian Dollar | GSC | (50 | ) | 06/15/2012 | (52 | ) | 1 | |||||||||
Australian Dollar | GSC | (80 | ) | 06/15/2012 | (82 | ) | (1 | ) | ||||||||
Australian Dollar | GSC | (12 | ) | 06/15/2012 | (12 | ) | (w) | |||||||||
Australian Dollar | GSC | 30 | 06/15/2012 | 31 | (w) | |||||||||||
Australian Dollar | GSC | 550 | 06/15/2012 | 568 | 2 | |||||||||||
Australian Dollar | GSC | 2,570 | 06/15/2012 | 2,662 | 2 | |||||||||||
Australian Dollar | GSC | 50 | 06/15/2012 | 51 | w | |||||||||||
Australian Dollar | GSC | 50 | 06/15/2012 | 51 | 1 | |||||||||||
Australian Dollar | GSC | 15 | 06/15/2012 | 16 | (w) | |||||||||||
Australian Dollar | GSC | 35 | 06/15/2012 | 36 | w | |||||||||||
Australian Dollar | GSC | 86 | 06/15/2012 | 89 | w | |||||||||||
Australian Dollar | GSC | 420 | 06/15/2012 | 438 | (2) | |||||||||||
Australian Dollar | GSC | (6,706 | ) | 06/15/2012 | (6,971 | ) | 17 | |||||||||
Australian Dollar | GSC | 26 | 06/15/2012 | 27 | w | |||||||||||
Brazilian Real | GSC | (1,252 | ) | 06/15/2012 | (676 | ) | 25 | |||||||||
Canadian Dollar | GSC | 460 | 06/15/2012 | 463 | 2 | |||||||||||
Canadian Dollar | GSC | 170 | 06/15/2012 | 171 | 1 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 7 |
Transamerica Arbitrage Strategy
(formerly, Transamerica Water Island Arbitrage Strategy)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
FORWARD FOREIGN CURRENCY CONTRACTS (continued):
| ||||||||||||||||||
Currency | Counterparty | Contracts Bought (Sold) (000’s) | Settlement Date | Amount in U.S. Dollars Bought (Sold) (000’s) | Net Unrealized Appreciation (Depreciation) (000’s) | |||||||||||||
Canadian Dollar | GSC | 2,200 | 06/15/2012 | $ | 2,224 | $ | 1 | |||||||||||
Canadian Dollar | GSC | 120 | 06/15/2012 | 121 | 1 | |||||||||||||
Canadian Dollar | GSC | (8,017 | ) | 06/15/2012 | (8,052 | ) | (56) | |||||||||||
Canadian Dollar | GSC | (240 | ) | 06/15/2012 | (242 | ) | (1) | |||||||||||
Canadian Dollar | GSC | (2,400 | ) | 06/15/2012 | (2,427 | ) | (1) | |||||||||||
Canadian Dollar | GSC | (90 | ) | 06/15/2012 | (91 | ) | u | |||||||||||
Canadian Dollar | GSC | (470 | ) | 06/15/2012 | (477 | ) | 2 | |||||||||||
Canadian Dollar | GSC | (90 | ) | 06/15/2012 | (91 | ) | u | |||||||||||
Canadian Dollar | GSC | 160 | 06/15/2012 | 160 | 1 | |||||||||||||
Canadian Dollar | GSC | 190 | 06/15/2012 | 192 | 1 | |||||||||||||
Canadian Dollar | GSC | 80 | 06/15/2012 | 80 | 1 | |||||||||||||
Canadian Dollar | GSC | 107 | 06/15/2012 | 107 | 1 | |||||||||||||
Canadian Dollar | GSC | (135 | ) | 06/15/2012 | (134 | ) | (2) | |||||||||||
Canadian Dollar | GSC | (450 | ) | 06/15/2012 | (448 | ) | (7) | |||||||||||
Canadian Dollar | GSC | (2,860 | ) | 06/15/2012 | (2,875 | ) | (18) | |||||||||||
Canadian Dollar | GSC | (218 | ) | 06/15/2012 | (218 | ) | (3) | |||||||||||
Canadian Dollar | GSC | (80 | ) | 06/15/2012 | (80 | ) | (u | ) | ||||||||||
Canadian Dollar | GSC | (130 | ) | 06/15/2012 | (131 | ) | (1) | |||||||||||
Canadian Dollar | GSC | (1,190 | ) | 06/15/2012 | (1,197 | ) | (6) | |||||||||||
Canadian Dollar | GSC | (140 | ) | 06/15/2012 | (140 | ) | (2) | |||||||||||
Canadian Dollar | GSC | (300 | ) | 06/15/2012 | (300 | ) | (3) | |||||||||||
Canadian Dollar | GSC | (200 | ) | 06/15/2012 | (201 | ) | (2) | |||||||||||
Canadian Dollar | GSC | 50 | 06/15/2012 | 50 | u | |||||||||||||
Canadian Dollar | GSC | 590 | 06/15/2012 | 593 | 4 | |||||||||||||
Canadian Dollar | GSC | 130 | 06/15/2012 | 131 | 1 | |||||||||||||
Canadian Dollar | GSC | 900 | 06/15/2012 | 906 | 4 | |||||||||||||
Canadian Dollar | GSC | 100 | 06/15/2012 | 100 | 1 | |||||||||||||
Canadian Dollar | GSC | 2,242 | 06/15/2012 | 2,240 | 27 | |||||||||||||
Canadian Dollar | GSC | 42 | 06/15/2012 | 42 | u | |||||||||||||
Euro | GSC | (103 | ) | 06/15/2012 | (135 | ) | (1) | |||||||||||
Euro | GSC | (100 | ) | 06/15/2012 | (132 | ) | (u | ) | ||||||||||
Euro | GSC | (12 | ) | 06/15/2012 | (16 | ) | (u | ) | ||||||||||
Euro | GSC | (235 | ) | 06/15/2012 | (310 | ) | (1) | |||||||||||
Euro | GSC | (44 | ) | 06/15/2012 | (58 | ) | (u | ) | ||||||||||
Euro | GSC | (15 | ) | 06/15/2012 | (20 | ) | u | |||||||||||
Euro | GSC | (38 | ) | 06/15/2012 | (50 | ) | (1) | |||||||||||
Euro | GSC | (1,200 | ) | 06/15/2012 | (1,588 | ) | (1) | |||||||||||
Euro | GSC | (15 | ) | 06/15/2012 | (20 | ) | (u | ) | ||||||||||
Euro | GSC | (10 | ) | 06/15/2012 | (13 | ) | u | |||||||||||
Euro | GSC | (56 | ) | 06/15/2012 | (73 | ) | (1) | |||||||||||
Euro | GSC | (46 | ) | 06/15/2012 | (60 | ) | (u | ) | ||||||||||
Euro | GSC | 516 | 06/15/2012 | 677 | 6 | |||||||||||||
Euro | GSC | (1,208 | ) | 06/15/2012 | (1,586 | ) | (13) | |||||||||||
Euro | GSC | (25 | ) | 06/15/2012 | (33 | ) | (u | ) | ||||||||||
Euro | GSC | (220 | ) | 06/15/2012 | (291 | ) | u | |||||||||||
Euro | GSC | (115 | ) | 06/15/2012 | (151 | ) | (1) | |||||||||||
Euro | GSC | (265 | ) | 06/15/2012 | (351 | ) | 1 | |||||||||||
Euro | GSC | (68 | ) | 06/15/2012 | (89 | ) | (1) | |||||||||||
Euro | GSC | (69 | ) | 06/15/2012 | (91 | ) | (1) | |||||||||||
Hong Kong Dollar | GSC | 1,570 | 06/15/2012 | 202 | u | |||||||||||||
Hong Kong Dollar | GSC | (3,060 | ) | 06/15/2012 | (394 | ) | (u) | |||||||||||
Hong Kong Dollar | GSC | (150 | ) | 06/15/2012 | (19 | ) | (u) | |||||||||||
Hong Kong Dollar | GSC | (70 | ) | 06/15/2012 | (9 | ) | (u) | |||||||||||
Hong Kong Dollar | GSC | (543 | ) | 06/15/2012 | (70 | ) | (u) | |||||||||||
Hong Kong Dollar | GSC | (670 | ) | 06/15/2012 | (86 | ) | (u) | |||||||||||
Hong Kong Dollar | GSC | 60 | 06/15/2012 | 8 | u | |||||||||||||
Hong Kong Dollar | GSC | 30 | 06/15/2012 | 4 | u | |||||||||||||
Hong Kong Dollar | GSC | 260 | 06/15/2012 | 33 | u | |||||||||||||
Hong Kong Dollar | GSC | (1,880 | ) | 06/15/2012 | (242 | ) | (u) | |||||||||||
Hong Kong Dollar | GSC | (240 | ) | 06/15/2012 | (31 | ) | (u) | |||||||||||
Hong Kong Dollar | GSC | (270 | ) | 06/15/2012 | (35 | ) | (u) | |||||||||||
Hong Kong Dollar | GSC | (380 | ) | 06/15/2012 | (49 | ) | u | |||||||||||
Hong Kong Dollar | GSC | (51,594 | ) | 06/15/2012 | (6,653 | ) | 1 | |||||||||||
Hong Kong Dollar | GSC | (1,330 | ) | 06/15/2012 | (171 | ) | (u) |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 8 |
Transamerica Arbitrage Strategy
(formerly, Transamerica Water Island Arbitrage Strategy)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
FORWARD FOREIGN CURRENCY CONTRACTS (continued):
Currency | Counterparty | Contracts Bought (Sold) (000’s) | Settlement Date | Amount in U.S. Dollars Bought (Sold) (000’s) | Net Unrealized Appreciation (Depreciation) (000’s) | |||||||||||||
Hong Kong Dollar | GSC | (1,570 | ) | 06/15/2012 | $ | (202 | ) | $ (u | ) | |||||||||
Hong Kong Dollar | GSC | (200 | ) | 06/15/2012 | (26 | ) | (u | ) | ||||||||||
Hong Kong Dollar | GSC | 950 | 06/15/2012 | 122 | u | |||||||||||||
Hong Kong Dollar | GSC | 1,620 | 06/15/2012 | 209 | u | |||||||||||||
Japanese Yen | GSC | (2,182 | ) | 06/15/2012 | (26 | ) | (1 | ) | ||||||||||
Japanese Yen | GSC | (27,670 | ) | 06/15/2012 | (332 | ) | (14 | ) | ||||||||||
Japanese Yen | GSC | (2,388 | ) | 06/15/2012 | (29 | ) | (1 | ) | ||||||||||
Japanese Yen | GSC | 1,300 | 06/15/2012 | 16 | u | |||||||||||||
Japanese Yen | GSC | 129,900 | 06/15/2012 | 1,561 | 67 | |||||||||||||
Japanese Yen | GSC | (1,260 | ) | 06/15/2012 | (15 | ) | (1 | ) | ||||||||||
Japanese Yen | GSC | 300 | 06/15/2012 | 4 | u | |||||||||||||
Japanese Yen | GSC | (2,700 | ) | 06/15/2012 | (33 | ) | (u | ) | ||||||||||
Japanese Yen | GSC | (145,000 | ) | 06/15/2012 | (1,735 | ) | (82 | ) | ||||||||||
Japanese Yen | GSC | (451,842 | ) | 06/15/2012 | (5,500 | ) | (163 | ) | ||||||||||
Japanese Yen | GSC | (3,200 | ) | 06/15/2012 | (39 | ) | (1 | ) | ||||||||||
Japanese Yen | GSC | 230 | 06/15/2012 | 3 | u | |||||||||||||
Japanese Yen | GSC | 3,390 | 06/15/2012 | 42 | 1 | |||||||||||||
Japanese Yen | GSC | 2,600 | 06/15/2012 | 32 | 1 | |||||||||||||
Japanese Yen | GSC | 1,850 | 06/15/2012 | 23 | u | |||||||||||||
Japanese Yen | GSC | 2,000 | 06/15/2012 | 25 | 1 | |||||||||||||
Japanese Yen | GSC | 284,350 | 06/15/2012 | 3,488 | 74 | |||||||||||||
Japanese Yen | GSC | 900 | 06/15/2012 | 11 | u | |||||||||||||
Japanese Yen | GSC | 1,000 | 06/15/2012 | 12 | u | |||||||||||||
Japanese Yen | GSC | (2,300 | ) | 06/15/2012 | (28 | ) | (1 | ) | ||||||||||
Japanese Yen | GSC | (1,100 | ) | 06/15/2012 | (14 | ) | (u | ) | ||||||||||
Japanese Yen | GSC | 260 | 06/15/2012 | 3 | u | |||||||||||||
Japanese Yen | GSC | 450 | 06/15/2012 | 5 | u | |||||||||||||
Japanese Yen | GSC | (3,400 | ) | 06/15/2012 | (41 | ) | (1 | ) | ||||||||||
Japanese Yen | GSC | 1,450 | 06/15/2012 | 18 | 1 | |||||||||||||
Japanese Yen | GSC | 1,964 | 06/15/2012 | 24 | 1 | |||||||||||||
Malaysian Ringgit | GSC | 166 | 06/15/2012 | 54 | 1 | |||||||||||||
Malaysian Ringgit | GSC | (12,395 | ) | 06/15/2012 | (4,071 | ) | (13 | ) | ||||||||||
Malaysian Ringgit | GSC | (50 | ) | 06/15/2012 | (16 | ) | (u | ) | ||||||||||
Malaysian Ringgit | GSC | 5,240 | 06/15/2012 | 1,703 | 23 | |||||||||||||
Norwegian Krone | GSC | (6,605 | ) | 06/15/2012 | (1,154 | ) | 2 | |||||||||||
Norwegian Krone | GSC | 1,265 | 06/15/2012 | 221 | (u | ) | ||||||||||||
Norwegian Krone | GSC | 5,340 | 06/15/2012 | 935 | (4 | ) | ||||||||||||
Pound Sterling | GSC | (20 | ) | 06/15/2012 | (32 | ) | (u | ) | ||||||||||
Pound Sterling | GSC | 18 | 06/15/2012 | 28 | 1 | |||||||||||||
Pound Sterling | GSC | (20 | ) | 06/15/2012 | (32 | ) | (u | ) | ||||||||||
Pound Sterling | GSC | (110 | ) | 06/15/2012 | (175 | ) | (4 | ) | ||||||||||
Pound Sterling | GSC | (8 | ) | 06/15/2012 | (13 | ) | (u | ) | ||||||||||
Pound Sterling | GSC | 12 | 06/15/2012 | 19 | u | |||||||||||||
Pound Sterling | GSC | 1 | 06/15/2012 | 2 | u | |||||||||||||
Pound Sterling | GSC | (116 | ) | 06/15/2012 | (182 | ) | (6 | ) | ||||||||||
Pound Sterling | GSC | 10 | 06/15/2012 | 16 | u | |||||||||||||
Pound Sterling | GSC | (186 | ) | 06/15/2012 | (289 | ) | (12 | ) | ||||||||||
Pound Sterling | GSC | (20 | ) | 06/15/2012 | (31 | ) | (1 | ) | ||||||||||
Pound Sterling | GSC | (61 | ) | 06/15/2012 | (95 | ) | (4 | ) | ||||||||||
Pound Sterling | GSC | (8 | ) | 06/15/2012 | (13 | ) | (u | ) | ||||||||||
Swiss Franc | GSC | (49 | ) | 06/15/2012 | (54 | ) | (u | ) | ||||||||||
Swiss Franc | GSC | 428 | 06/15/2012 | 468 | 4 | |||||||||||||
Swiss Franc | GSC | (132 | ) | 06/15/2012 | (144 | ) | (2 | ) | ||||||||||
Swiss Franc | GSC | (93 | ) | 06/15/2012 | (101 | ) | (2 | ) | ||||||||||
Swiss Franc | GSC | (84 | ) | 06/15/2012 | (92 | ) | (1 | ) | ||||||||||
Swiss Franc | GSC | (248 | ) | 06/15/2012 | (271 | ) | (3 | ) | ||||||||||
Swiss Franc | GSC | 10 | 06/15/2012 | 11 | u | |||||||||||||
|
| |||||||||||||||||
$ | (156 | ) | ||||||||||||||||
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 9 |
Transamerica Arbitrage Strategy
(formerly, Transamerica Water Island Arbitrage Strategy)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
SWAP AGREEMENTS: p
TOTAL RETURN SWAP AGREEMENTS—RECEIVABLE: (A)
Reference Entity | Floating Rate | Termination Date | Counterparty | Notional Amount (000’s) | Market Value (000’s) | Premiums Paid (000’s) | Net Unrealized (Depreciation) (000’s) | |||||||||||||||||||
Telus Corp. | CAD-BA-CDOR | ə | 01/16/2013 | UBS | $ | 4,989 | $ | (48 | ) | $ | — | $ | (48 | ) | ||||||||||||
Pembina Pipeline Corp. | CAD-BA-CDOR | ə | 02/21/2013 | UBS | 1,891 | (127 | ) | 3 | (130 | ) | ||||||||||||||||
|
|
|
|
|
| |||||||||||||||||||||
$ | (175 | ) | $ | 3 | $ | (178 | ) | |||||||||||||||||||
|
|
|
|
|
|
TOTAL RETURN SWAP AGREEMENTS—PAYABLE: (A)
Reference Entity | Floating Rate | Termination Date | Counterparty | Notional Amount (000’s) | Market Value (000’s) | Premiums (Received) (000’s) | Net Unrealized Appreciation (Depreciation) (000’s) | |||||||||||||||||||||
Flinders Mines Ltd. | AUD-1M-LIBOR BBA | ə | 01/16/2013 | UBS | $ | 500 | $ | (23 | ) | $ | — | $ | (23 | ) | ||||||||||||||
Spotless Group Ltd. | AUD-1M-LIBOR BBA | ə | 01/16/2013 | UBS | 341 | (u | ) | — | (u | ) | ||||||||||||||||||
Murchison Metals Ltd. | AUD-1M-LIBOR BBA | ə | 01/21/2013 | UBS | 546 | u | — | u | ||||||||||||||||||||
Gloucester Coal Ltd. | AUD-1M-LIBOR BBA | ə | 01/21/2013 | UBS | 4,529 | (52 | ) | — | (52 | ) | ||||||||||||||||||
Charter Hall Office REIT | AUD-1M-LIBOR BBA | ə | 01/21/2013 | UBS | 4,203 | u | — | u | ||||||||||||||||||||
Telus Corp. | CAD-BA-CDOR | ə | 01/16/2013 | UBS | 1,495 | 16 | (1 | ) | 17 | |||||||||||||||||||
Pembina Pipeline Corp. | CAD-BA-CDOR | ə | 01/16/2013 | UBS | 2,018 | 130 | — | 130 | ||||||||||||||||||||
Cove Energy PLC | GBP-LIBOR-BBA | ə | 01/16/2013 | UBS | 297 | 21 | — | 21 | ||||||||||||||||||||
Globeop Financial Services SA | GBP-LIBOR-BBA | ə | 01/16/2013 | UBS | 194 | (3 | ) | — | (3 | ) | ||||||||||||||||||
International Power PLC | GBP-LIBOR-BBA | ə | 04/17/2013 | UBS | 3,239 | (4 | ) | — | (4 | ) | ||||||||||||||||||
Statoil Fuel and Retail ASA | NOK-1M-LIBOR | ə | 04/17/2013 | UBS | 399 | (8 | ) | — | (8 | ) | ||||||||||||||||||
Redecard SA | USD-1M-LIBOR BBA | ə | 12/31/2013 | UBS | 593 | (3 | ) | — | (3 | ) | ||||||||||||||||||
|
|
|
|
|
| |||||||||||||||||||||||
$ | 74 | $ | (1 | ) | $ | 75 | ||||||||||||||||||||||
|
|
|
|
|
|
Collateral (Received) Pledged for OTC Financial Derivative Instruments
The following is a summary by counterparty of the market value of OTC financial derivative instruments and collateral (received)/pledged as of 04/30/2012:
Counterparty | Total Market Value of OTC Derivatives (000’s) | Collateral (Received)/Pledged (000’s) | Net Exposures (1) (000’s) | |||||||||
GSC | $ | (156 | ) | $ | — | $ | (156 | ) | ||||
UBS | (101 | ) | 10,197 | 10,096 |
(1) | Net exposure represents the net receivable/(payable) that would be due from/to the counterparty in the event of default. |
NOTES TO SCHEDULE OF INVESTMENTS (all amounts in thousands):
Ŏ A portion of these securities in the amount of $42,269 has been segregated as collateral with the broker for option and short position contracts.
‡ | Non-income producing security. |
¥ | Percentage rounds to less than 0.1%. |
p | Rate shown reflects the yield at 04/30/2012. |
p | Cash in the amount of $10,197 has been segregated as collateral with the broker for open swap contracts. |
ə | Fair valued as determined in good faith in accordance with procedures established by the Board of Trustees. Total aggregate market value of fair valued securities is $(112), or (0.08)% of the fund’s net assets. |
P | Aggregate cost for federal income tax purposes is $129,661. Aggregate gross unrealized appreciation/depreciation for all securities in which there is an excess of value over tax cost were $3,783 and $1,337, respectively. Net unrealized appreciation for tax purposes is $2,446. |
u | Amount is less than 1. |
(A) | At the termination date, a net cash flow is exchanged where the total return is equivalent to the return of the reference index less a financing rate, if any. As a receiver, the fund would receive payments based on any positive total return and would owe payments in the event of a negative total return. As the payer, the fund would owe payments on any net positive total return, and would receive payment in the event of a negative total return. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 10 |
Transamerica Arbitrage Strategy
(formerly, Transamerica Water Island Arbitrage Strategy)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
DEFINITIONS: | ||
BBA | British Bankers’ Association | |
CDOR | Canadian Dealer Offered Rate | |
ETF | Exchange-Traded Fund | |
GSC | Goldman Sachs & Co. | |
LIBOR | London Interbank Offered Rate | |
OTC | Over the Counter | |
SPDR | Standard & Poor’s Depositary Receipt | |
REIT | Real Estate Investment Trust (includes domestic REITs and Foreign Real Estate Investment Companies) | |
UBS | UBS Warburg LLC | |
CURRENCY ABBREVIATIONS: | ||
AUD | Australian Dollar | |
CAD | Canadian Dollar | |
GBP | Pound Sterling | |
NOK | Norwegian Krone | |
USD | United States Dollar |
VALUATION SUMMARY (all amounts in thousands): '
Investment Securities | Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Value at 04/30/2012 | ||||||||||||
Common Stocks | $ | 94,168 | $ | 22,858 | $ | — | $ | 117,026 | ||||||||
Investment Company | 2,603 | — | — | 2,603 | ||||||||||||
Purchased Options | 974 | — | — | 974 | ||||||||||||
Repurchase Agreement | — | 11,504 | — | 11,504 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total | $ | 97,745 | $ | 34,362 | $ | — | $ | 132,107 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Securities Sold Short | Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Value at 04/30/2012 | ||||||||||||
Common Stocks | $ | (21,988 | ) | $ | (2,897 | ) | $ | — | $ | (24,885 | ) | |||||
Investment Company | (5,105 | ) | — | — | (5,105 | ) | ||||||||||
Warrant | (423 | ) | — | — | (423 | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Total | $ | (27,516 | ) | $ | (2,897 | ) | $ | — | $ | (30,413 | ) | |||||
|
|
|
|
|
|
|
| |||||||||
Other Financial Instruments | Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Value at 04/30/2012 | ||||||||||||
Written Options | $ | — | $ | (289 | ) | $ | — | $ | (289 | ) | ||||||
Other Financial Instruments ₣ | Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Value at 04/30/2012 | ||||||||||||
Forward Foreign Currency Contracts - Appreciation | $ | — | $ | 289 | $ | — | $ | 289 | ||||||||
Forward Foreign Currency Contracts - Depreciation | — | (445 | ) | — | (445 | ) | ||||||||||
Total Return Swap - Appreciation | — | 168 | — | 168 | ||||||||||||
Total Return Swap - Depreciation | — | (271 | ) | — | (271 | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Total | $ | — | $ | (259 | ) | $ | — | $ | (259 | ) | ||||||
|
|
|
|
|
|
|
|
' | See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
₣ | Other financial instruments are derivative instruments that are valued at unrealized appreciation (depreciation) on the instrument. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 11 |
Transamerica Bond
(formerly, Transamerica Loomis Sayles Bond)
SCHEDULE OF INVESTMENTS
At April 30, 2012
(unaudited)
Principal (000’s) | Value (000’s) | |||||||
U.S. GOVERNMENT OBLIGATIONS —8.4% |
| |||||||
United States—8.4% | ||||||||
U.S. Treasury Note | $ | 12,630 | $ | 12,629 | ||||
0.88%, 01/31/2017 ^ | 29,905 | 30,063 | ||||||
|
| |||||||
Total U.S. Government Obligations (cost $42,622) |
| 42,692 | ||||||
|
| |||||||
FOREIGN GOVERNMENT OBLIGATIONS—18.5% |
| |||||||
Australia—1.6% | ||||||||
New South Wales Treasury Corp. | AUD | 1,105 | 1,178 | |||||
Queensland Treasury Corp. | NZD | 5,865 | 5,445 | |||||
Queensland Treasury Corp. | AUD | 1,635 | 1,778 | |||||
Brazil—1.5% | ||||||||
Republic of Brazil | BRL | 12,250 | 7,587 | |||||
Canada—9.8% | ||||||||
Canada Housing Trust No. 1 | CAD | 19,980 | 20,724 | |||||
Canadian Government Bond | 1,600 | 1,853 | ||||||
Province of Ontario Canada | $ | 15,610 | 16,509 | |||||
4.20%, 03/08/2018—06/02/2020 | CAD | 6,965 | 7,753 | |||||
Province of Quebec Canada | NZD | 2,825 | 2,530 | |||||
Ireland—0.6% | ||||||||
Ireland Government Bond | EUR | 285 | 333 | |||||
5.40%, 03/13/2025 | 2,060 | 2,400 | ||||||
Italy—0.1% | ||||||||
Italy Buoni Poliennali Del Tesoro | 560 | 716 | ||||||
Korea, Republic of—1.0% | ||||||||
Korea Treasury Bond | KRW | 5,405,540 | 4,949 | |||||
Mexico—2.6% | ||||||||
United Mexican States | MXN | 150,800 | 13,197 | |||||
New Zealand—0.2% | ||||||||
New Zealand Government Bond | NZD | 1,350 | 1,145 | |||||
Philippines—0.2% | ||||||||
Republic of The Philippines | PHP | 50,000 | 1,221 | |||||
Portugal—0.1% | ||||||||
Portugal Obrigacoes do Tesouro OT | EUR | 910 | 753 | |||||
Supranational—0.8% | ||||||||
Asian Development Bank | $ | 2,845 | 3,026 | |||||
European Investment Bank Zero Coupon, | IDR | 10,131,000 | 1,046 | |||||
|
| |||||||
Total Foreign Government Obligations (cost $86,951) |
| 94,143 | ||||||
|
| |||||||
MORTGAGE-BACKED SECURITIES—7.2% |
| |||||||
United States—7.2% | ||||||||
American Home Mortgage Investment Trust | 461 | 325 |
Principal (000’s) | Value (000’s) | |||||||
United States (continued) |
| |||||||
Banc of America Funding Corp. | $ | 205 | $ | 197 | ||||
Banc of America Merrill Lynch Commercial | 500 | 567 | ||||||
Bear Stearns Adjustable Rate Mortgage Trust | 244 | 208 | ||||||
Series 2004-10, Class 11A1 2.92%, 01/25/2035 * | 82 | 67 | ||||||
Countrywide Home Loan Mortgage Pass- | 866 | 548 | ||||||
Credit Suisse Mortgage Capital Certificates | 2,410 | 2,616 | ||||||
Series 2007-C4, Class A4 5.97%, 09/15/2039 * | 1,200 | 1,295 | ||||||
Series 2007-C5, Class A4 5.70%, 09/15/2040 * | 4,785 | 5,240 | ||||||
Series 2008-C1, Class A3 6.41%, 02/15/2041 * | 1,540 | 1,731 | ||||||
Extended Stay America Trust | 4,035 | 4,082 | ||||||
Greenwich Capital Commercial Funding Corp. | 3,100 | 3,452 | ||||||
GS Mortgage Securities Corp. II | 3,110 | 2,705 | ||||||
GSR Mortgage Loan Trust | 325 | 241 | ||||||
IndyMac Index Mortgage Loan Trust | 341 | 233 | ||||||
Series 2005-AR3, Class 4A1 2.92%, 04/25/2035 * | 589 | 455 | ||||||
JPMorgan Mortgage Trust | 317 | 305 | ||||||
Series 2007-A1, Class 5A1 | 983 | 924 | ||||||
MASTR Adjustable Rate Mortgages Trust | 1,789 | 1,487 | ||||||
Series 2005-2, Class 5A1 2.73%, 03/25/2035 * | 1,016 | 884 | ||||||
Merrill Lynch/Countrywide Commercial Mortgage Trust | 1,900 | 1,624 | ||||||
Morgan Stanley Mortgage Loan Trust | 1,575 | 1,474 | ||||||
Series 2005-2AR, Class A 0.50%, 04/25/2035 * | 949 | 724 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 12 |
Transamerica Bond
(formerly, Transamerica Loomis Sayles Bond)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Principal (000’s) | Value (000’s) | |||||||
United States (continued) |
| |||||||
Morgan Stanley Re-REMIC Trust | $ | 2,900 | $ | 3,014 | ||||
WAMU Mortgage Pass-Through Certificates | 314 | 226 | ||||||
Series 2007-OA3, Class 2A1A | 609 | 427 | ||||||
Wells Fargo Mortgage Backed Securities Trust | 913 | 860 | ||||||
Series 2005-AR4, Class 2A2 | 577 | 528 | ||||||
|
| |||||||
Total Mortgage-Backed Securities |
| 36,439 | ||||||
|
| |||||||
ASSET-BACKED SECURITIES—0.9% |
| |||||||
United States—0.9% | ||||||||
Chesapeake Funding LLC | 1,000 | 1,004 | ||||||
Series 2009-2A, Class C | 1,200 | 1,202 | ||||||
Countrywide Asset-Backed Certificates | 625 | 505 | ||||||
Diamond Resorts Owner Trust | 601 | 640 | ||||||
DSC Floorplan Master Owner Trust | 850 | 862 | ||||||
JPMorgan Mortgage Acquisition Corp. | 350 | 196 | ||||||
|
| |||||||
Total Asset-Backed Securities |
| 4,409 | ||||||
|
| |||||||
PREFERRED CORPORATE DEBT SECURITIES—0.2% |
| |||||||
United States—0.2% | ||||||||
Hercules, Inc. | 1,260 | 989 | ||||||
NGC Corp., Capital Trust I | 200 | 50 | ||||||
|
| |||||||
Total Preferred Corporate Debt Securities |
| 1,039 | ||||||
|
| |||||||
CORPORATE DEBT SECURITIES—46.3% |
| |||||||
Australia—0.8% | ||||||||
Australia & New Zealand Banking Group, Ltd. | AUD | 2,920 | 3,185 | |||||
National Australia Bank, Ltd. | 1,070 | 1,162 | ||||||
Austria—0.3% | ||||||||
OGX Austria GmbH | $ | 1,400 | 1,428 | |||||
Canada—0.9% | ||||||||
Bell Canada 6.10%, | CAD | 475 | 553 | |||||
Bombardier, Inc. | $ | 800 | 808 | |||||
Connacher Oil and Gas, Ltd. | 2,325 | 2,313 |
Principal (000’s) | Value (000’s) | |||||||
Canada (continued) | ||||||||
Methanex Corp. | $ | 350 | $ | 364 | ||||
Cayman Islands—0.5% | ||||||||
Odebrecht Drilling Norbe VIII/IX, Ltd. | 1,078 | 1,147 | ||||||
Schahin II Finance Co. SPV, Ltd. | 1,400 | 1,400 | ||||||
France—0.0% ¥ | ||||||||
Societe Generale SA | 200 | 188 | ||||||
Korea, Republic of—2.0% | ||||||||
Export-Import Bank of Korea | PHP | 386,300 | 9,058 | |||||
Hyundai Capital Services, Inc. | $ | 800 | 807 | |||||
Luxembourg—1.8% | ||||||||
ArcelorMittal | 1,265 | 1,249 | ||||||
6.13%, 06/01/2018 ^ | 175 | 184 | ||||||
6.75%, 03/01/2041 | 815 | 771 | ||||||
7.00%, 10/15/2039 ^ | 4,530 | 4,417 | ||||||
Telecom Italia Capital SA | 2,930 | 2,458 | ||||||
6.38%, 11/15/2033 | 85 | 74 | ||||||
Mexico—0.2% | ||||||||
America Movil SAB de CV | MXN | 12,000 | 903 | |||||
Netherlands—1.5% | ||||||||
Cooperatieve Centrale Raiffeisen- | $ | 2,840 | 2,930 | |||||
EDP Finance BV | 300 | 246 | ||||||
6.00%, 02/02/2018—144A | 200 | 177 | ||||||
Enel Finance International NV | 800 | 789 | ||||||
6.00%, 10/07/2039—144A | 4,100 | 3,468 | ||||||
United Arab Emirates—1.3% | ||||||||
DP World, Ltd. | 5,210 | 5,015 | ||||||
Dubai Electricity & Water Authority | 1,400 | 1,506 | ||||||
United Kingdom—0.1% | ||||||||
HBOS PLC | 300 | 276 | ||||||
United States—36.9% | ||||||||
Alcatel-Lucent USA, Inc. | 1,275 | 927 | ||||||
American International Group, Inc. | 5,210 | 5,568 | ||||||
American Tower Corp. | 3,330 | 3,418 | ||||||
Aviation Capital Group Corp. | 1,055 | 1,044 | ||||||
Bank of America Corp.—Series K | 215 | 222 | ||||||
Braskem America Finance Co. | 2,765 | 2,779 | ||||||
Bruce Mansfield Unit | 2,725 | 2,929 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 13 |
Transamerica Bond
(formerly, Transamerica Loomis Sayles Bond)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Principal (000’s) | Value (000’s) | |||||||
United States (continued) | ||||||||
CCO Holdings LLC / CCO Holdings Capital Corp. | $ | 350 | $ | 382 | ||||
CenturyLink, Inc. | 595 | 613 | ||||||
7.60%, 09/15/2039 ^ | 935 | 888 | ||||||
CHS/Community Health Systems, Inc. | 2,675 | 2,822 | ||||||
CommScope, Inc. | 635 | 678 | ||||||
Continental Airlines Pass-Through Trust | 694 | 743 | ||||||
Continental Airlines Pass-Through Trust | 300 | 304 | ||||||
CVS Pass-Through Trust | 1,199 | 1,412 | ||||||
DDR Corp. | 1,585 | 1,904 | ||||||
Delta Air Lines, Inc., Pass-Through Trust | 2,202 | 2,384 | ||||||
Series 2007-1, Class B | 1,895 | 1,884 | ||||||
Dillard’s, Inc. | 990 | 1,044 | ||||||
Dynegy Holdings LLC | 450 | �� | 299 | |||||
Energy Future Holdings Corp.—Series P | 6,735 | 4,816 | ||||||
Energy Future Holdings Corp.—Series | 1,110 | 588 | ||||||
Energy Future Holdings Corp.—Series R | 305 | 153 | ||||||
Energy Transfer Partners, LP | 1,095 | 1,167 | ||||||
First Data Corp. | 1,285 | 1,314 | ||||||
Ford Motor Co. | 115 | 131 | ||||||
Forethought Financial Group, Inc. | 1,430 | 1,462 | ||||||
Frontier Communications Corp. | 2,160 | 1,922 | ||||||
General Electric Capital Corp. | NZD230 | 194 | ||||||
7.63%, 12/10/2014 | 320 | 282 | ||||||
HCA, Inc. | ||||||||
7.05%, 12/01/2027 | $ | 55 | 49 | |||||
7.50%, 12/15/2023—11/06/2033 | 3,200 | 3,040 | ||||||
7.58%, 09/15/2025 | 755 | 696 | ||||||
7.69%, 06/15/2025 | 1,545 | 1,483 | ||||||
7.75%, 07/15/2036 ^ | 125 | 114 | ||||||
8.36%, 04/15/2024 | 190 | 192 | ||||||
IFM U.S. Colonial Pipeline 2 LLC | 2,300 | 2,515 | ||||||
International Lease Finance Corp. | 610 | 616 | ||||||
8.25%, 12/15/2020 ^ | 710 | 795 |
Principal (000’s) | Value (000’s) | |||||||
United States (continued) | ||||||||
International Lease Finance Corp. (continued) | $ | 3,555 | $ | 4,067 | ||||
JC Penney Corp., Inc. | 430 | 386 | ||||||
Jefferies Group, Inc. | 80 | 70 | ||||||
6.45%, 06/08/2027 | 10 | 10 | ||||||
6.88%, 04/15/2021 | 1,385 | 1,380 | ||||||
KB Home | 220 | 215 | ||||||
Level 3 Financing, Inc. | 985 | 1,032 | ||||||
9.38%, 04/01/2019 ^ | 100 | 109 | ||||||
Mackinaw Power LLC | 1,376 | 1,403 | ||||||
Macy’s Retail Holdings, Inc. | 1,065 | 1,153 | ||||||
Masco Corp. | 2,440 | 2,522 | ||||||
6.50%, 08/15/2032 ^ | 895 | 862 | ||||||
7.13%, 03/15/2020 | 1,505 | 1,628 | ||||||
7.75%, 08/01/2029 | 360 | 372 | ||||||
Meccanica Holdings USA, Inc. | 2,200 | 1,832 | ||||||
7.38%, 07/15/2039—144A | 4,600 | 3,879 | ||||||
Merrill Lynch & Co., Inc. | 920 | 862 | ||||||
6.11%, 01/29/2037 | 8,010 | 7,647 | ||||||
MGM Resorts International | 2,395 | 2,491 | ||||||
8.63%, 02/01/2019 - 144A ^ | 620 | 673 | ||||||
Midwest Generation LLC—Series B | 526 | 510 | ||||||
Morgan Stanley | 4,460 | 4,381 | ||||||
5.63%, 09/23/2019 | 900 | 889 | ||||||
5.75%, 01/25/2021 | 2,000 | 1,975 | ||||||
New Albertsons, Inc. | 4,210 | 2,979 | ||||||
7.45%, 08/01/2029 | 1,305 | 992 | ||||||
7.75%, 06/15/2026 | 680 | 547 | ||||||
8.00%, 05/01/2031 ^ | 905 | 719 | ||||||
NGPL PipeCo LLC | 60 | 60 | ||||||
NLV Financial Corp. | 190 | 188 | ||||||
Northwest Airlines Pass-Through Trust | 6,145 | 6,513 | ||||||
Owens Corning, Inc. | 4,585 | 5,008 | ||||||
Parker Drilling Co. | 325 | 345 | ||||||
PulteGroup, Inc. | 305 | 246 | ||||||
6.38%, 05/15/2033 | 1,850 | 1,539 | ||||||
7.88%, 06/15/2032 | 1,500 | 1,448 | ||||||
Qwest Capital Funding, Inc. | 1,510 | 1,442 | ||||||
7.63%, 08/03/2021 | 1,000 | 1,070 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 14 |
Transamerica Bond
(formerly, Transamerica Loomis Sayles Bond)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Principal (000’s) | Value (000’s) | |||||||
United States (continued) | ||||||||
Qwest Corp. | $ | 2,770 | $ | 2,780 | ||||
7.20%, 11/10/2026 ^ | 895 | 902 | ||||||
7.25%, 10/15/2035 ^ | 290 | 291 | ||||||
7.50%, 06/15/2023 | 1,670 | 1,685 | ||||||
Ralcorp Holdings, Inc. | 3,060 | 3,185 | ||||||
Reliance Holdings USA, Inc. | 500 | 501 | ||||||
Residential Capital LLC | 930 | 868 | ||||||
Reynolds Group Issuer, Inc. | 1,500 | 1,448 | ||||||
9.88%, 08/15/2019—144A ^ | 400 | 417 | ||||||
RR Donnelley & Sons Co. | 2,315 | 2,240 | ||||||
SandRidge Energy, Inc. | 1,370 | 1,421 | ||||||
SLM Corp. | 175 | 165 | ||||||
5.63%, 08/01/2033 | 779 | 647 | ||||||
8.45%, 06/15/2018 | 4,030 | 4,413 | ||||||
Southwestern Energy Co. | 1,570 | 1,567 | ||||||
Springleaf Finance Corp. | 110 | 94 | ||||||
6.90%, 12/15/2017 | 6,260 | 5,109 | ||||||
Sprint Capital Corp. | 8,800 | 6,579 | ||||||
6.90%, 05/01/2019 ^ | 70 | 61 | ||||||
8.75%, 03/15/2032 | 660 | 559 | ||||||
Sprint Nextel Corp. | 1,090 | 1,201 | ||||||
Toys “R” Us, Inc. | 3,880 | 3,376 | ||||||
U.S. Steel Corp. | 1,925 | 1,603 | ||||||
UAL Pass-Through Trust | 6,074 | 6,363 | ||||||
U.S. Airways Pass-Through Trust | 1,835 | 1,835 | ||||||
Series 2012-1, Class B | 1,640 | 1,640 | ||||||
USG Corp. | 4,585 | 4,379 | ||||||
9.75%, 01/15/2018 ^ | 1,070 | 1,094 | ||||||
Valeant Pharmaceuticals International, Inc. | 1,670 | 1,624 | ||||||
7.25%, 07/15/2022—144A | 1,395 | 1,392 | ||||||
Westvaco Corp. | 1,135 | 1,261 | ||||||
8.20%, 01/15/2030 | 2,985 | 3,424 | ||||||
Weyerhaeuser Co. | 4,740 | 4,967 | ||||||
6.95%, 10/01/2027 | 130 | 142 | ||||||
7.38%, 03/15/2032 | 1,530 | 1,671 | ||||||
|
| |||||||
Total Corporate Debt Securities (cost $229,079) |
| 234,997 | ||||||
|
|
Principal (000’s) | Value (000’s) | |||||||
STRUCTURED NOTES DEBT—0.8% |
| |||||||
United States—0.8% | ||||||||
JPMorgan Chase & Co. | IDR37,004,100 | 3,935 | ||||||
Total Structured Notes Debt (cost $3,801) |
| |||||||
CONVERTIBLE BONDS—8.0% | ||||||||
United States—8.0% | ||||||||
Chesapeake Energy Corp. | $ | 135 | 117 | |||||
2.75%, 11/15/2035 | 45 | 42 | ||||||
Ciena Corp. 0.88%, | 4,510 | 3,822 | ||||||
3.75%, 10/15/2018—144A | 860 | 920 | ||||||
Ford Motor Co. | 3,715 | 5,517 | ||||||
Human Genome Sciences, Inc. | 2,800 | 3,598 | ||||||
Illumina, Inc. | 265 | 242 | ||||||
Intel Corp. | 1,645 | 1,873 | ||||||
3.25%, 08/01/2039 | 5,700 | 7,974 | ||||||
LAM Research Corp. | 655 | 655 | ||||||
Lennar Corp. 2.00%, | 65 | 77 | ||||||
2.75%, 12/15/2020—144A | 75 | 106 | ||||||
Level 3 Communications, Inc. | 2,110 | 2,606 | ||||||
Liberty Interactive LLC | 121 | 72 | ||||||
Micron Technology, Inc. | 2,465 | 2,246 | ||||||
Old Republic International Corp. | 1,790 | 1,721 | ||||||
Peabody Energy Corp. | 535 | 510 | ||||||
Steel Dynamics, Inc. | 355 | 383 | ||||||
Trinity Industries, Inc. | 3,050 | 3,210 | ||||||
Vertex Pharmaceuticals, Inc. | 4,530 | 5,057 | ||||||
|
| |||||||
Total Convertible Bonds (cost $33,164) |
| 40,748 | ||||||
|
| |||||||
Shares | Value (000’s) | |||||||
CONVERTIBLE PREFERRED STOCKS—3.7% |
| |||||||
United States—3.7% | ||||||||
AES Trust III, 6.75% ^ | 10,950 | 543 | ||||||
Bank of America Corp., 7.25% | 805 | 783 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 15 |
Transamerica Bond
(formerly, Transamerica Loomis Sayles Bond)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Shares | Value (000’s) | |||||||
United States (continued) | ||||||||
El Paso Energy Capital Trust I, 4.75% | 6,300 | $ | 287 | |||||
General Motors Co., 4.75% ^ | 229,000 | 8,941 | ||||||
Goodyear Tire & Rubber Co., 5.88% | 28,250 | 1,173 | ||||||
Health Care REIT, Inc., 6.50% | 19,300 | 1,030 | ||||||
Lucent Technologies Capital Trust I, 7.75% | 4,900 | 3,798 | ||||||
Newell Financial Trust I, 5.25% | 12,300 | 584 | ||||||
United Rentals Trust I, 6.50% | 3,243 | 186 | ||||||
Wells Fargo & Co., 7.50% | 1,340 | 1,501 | ||||||
|
| |||||||
Total Convertible Preferred Stocks (cost $21,966) |
| 18,826 | ||||||
|
| |||||||
PREFERRED STOCKS—1.4% | ||||||||
United States—1.4% | ||||||||
Ally Financial, Inc., 7.00%—144A | 1,675 | 1,422 | ||||||
Ally Financial, Inc., 8.50% * | 93,825 | 2,101 | ||||||
Countrywide Capital IV, 6.75% | 88,375 | 2,098 | ||||||
SLM Corp., 6.00% ^ | 78,825 | 1,705 | ||||||
|
| |||||||
Total Preferred Stocks (cost $5,859) | 7,326 | |||||||
|
| |||||||
COMMON STOCKS—1.5% | ||||||||
United States—1.5% | ||||||||
Ford Motor Co. ^ | 7,110 | 80 | ||||||
KB Home ^ | 181,675 | 1,577 | ||||||
Owens-Illinois, Inc. ‡ ^ | 10,796 | 251 | ||||||
Valeant Pharmaceuticals International, Inc. ‡ | 102,786 | 5,718 | ||||||
|
| |||||||
Total Common Stocks (cost $3,031) | 7,626 | |||||||
|
|
Shares | Value (000’s) | |||||||
SECURITIES LENDING COLLATERAL—21.8% |
| |||||||
State Street Navigator Securities Lending | 110,957,793 | $ | 110,958 | |||||
Total Securities Lending Collateral (cost $110,958) |
|
Principal (000’s) | Value (000’s) | |||||||
REPURCHASE AGREEMENT—2.1% | ||||||||
State Street Bank & Trust Co. | $ | 10,592 | 10,592 | |||||
Total Repurchase Agreement (cost $10,592) | ||||||||
|
| |||||||
Total Investment Securities (cost $585,187) P |
| 613,730 | ||||||
Other Assets and Liabilities—Net | (105,689 | ) | ||||||
|
| |||||||
Net Assets | $ | 508,041 | ||||||
|
|
INVESTMENTS BY INDUSTRY: | Percentage of Total Investments | Value (000’s) | ||||||
Foreign Government Obligations | 15.3 | % | $ | 94,143 | ||||
U.S. Government Obligations | 7.0 | 42,692 | ||||||
Mortgage-Backed Securities | 5.9 | 36,439 | ||||||
Diversified Telecommunication Services | 4.2 | 25,623 | ||||||
Diversified Financial Services | 3.9 | 24,205 | ||||||
Airlines | 3.5 | 21,666 | ||||||
Commercial Banks | 3.0 | 18,300 | ||||||
Building Products | 2.6 | 15,865 | ||||||
Consumer Finance | 2.6 | 15,656 | ||||||
Automobiles | 2.4 | 14,668 | ||||||
Real Estate Investment Trusts | 2.1 | 13,133 | ||||||
Semiconductors & Semiconductor Equipment | 2.1 | 12,747 | ||||||
Electric Utilities | 2.0 | 11,954 | ||||||
Oil, Gas & Consumable Fuels | 1.9 | 11,868 | ||||||
Insurance | 1.5 | 8,939 | ||||||
Pharmaceuticals | 1.4 | 8,734 | ||||||
Capital Markets | 1.4 | 8,705 | ||||||
Biotechnology | 1.4 | 8,655 | ||||||
Metals & Mining | 1.4 | 8,607 | ||||||
Health Care Providers & Services | 1.4 | 8,396 | ||||||
Food & Staples Retailing | 1.1 | 6,649 | ||||||
Aerospace & Defense | 1.1 | 6,519 | ||||||
Communications Equipment | 1.0 | 6,348 | ||||||
Household Durables | 0.9 | 5,793 | ||||||
Transportation Infrastructure | 0.8 | 5,015 | ||||||
Paper & Forest Products | 0.8 | 4,685 | ||||||
Asset-Backed Securities | 0.7 | 4,409 | ||||||
Chemicals | 0.7 | 4,132 | ||||||
Electronic Equipment & Instruments | 0.6 | 3,798 | ||||||
Independent Power Producers & Energy Traders | 0.6 | 3,772 | ||||||
Specialty Retail | 0.6 | 3,376 | ||||||
Machinery | 0.5 | 3,210 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 16 |
Transamerica Bond
(formerly, Transamerica Loomis Sayles Bond)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
INVESTMENTS BY INDUSTRY: (continued) | Percentage of Total Investments | Value (000’s) | ||||||
Food Products | 0.5 | % | $ | 3,185 | ||||
Hotels, Restaurants & Leisure | 0.5 | 3,164 | ||||||
Commercial Services & Supplies | 0.5 | 3,042 | ||||||
Multiline Retail | 0.4 | 2,583 | ||||||
Wireless Telecommunication Services | 0.3 | 2,104 | ||||||
Household Products | 0.3 | 1,865 | ||||||
Energy Equipment & Services | 0.3 | 1,552 | ||||||
Multi-Utilities | 0.3 | 1,506 | ||||||
Software | 0.2 | 1,314 | ||||||
Auto Components | 0.2 | 1,173 | ||||||
Road & Rail | 0.2 | 1,044 | ||||||
Media | 0.1 | 454 | ||||||
Containers & Packaging | 0.0 | ¥ | 251 | |||||
Life Sciences Tools & Services | 0.0 | ¥ | 242 | |||||
|
|
|
| |||||
Investment Securities, at Value | 80.2 | 492,180 | ||||||
Short-Term Investments | 19.8 | 121,550 | ||||||
|
|
|
| |||||
Total Investments | 100.0 | % | $ | 613,730 | ||||
|
|
|
|
NOTES TO SCHEDULE OF INVESTMENTS (all amounts in thousands):
^ | All or a portion of this security is on loan. The value of all securities on loan is $108,549. |
* | Floating or variable rate note. Rate is listed as of 04/30/2012. |
Џ | In default. |
§ | Illiquid. Total aggregate market value of illiquid securities is $4,059, or 0.80% of the fund’s net assets. |
¥ | Percentage rounds to less than 0.1%. |
Ž | The security has a perpetual maturity. The date shown is the next call date. |
‡ | Non-income producing security. |
D | Restricted. At 04/30/2012, the fund owned the respective securities (representing 0.79% of the fund’s net assets) which were restricted as to public resale: |
Description | Date of Acquisition | Principal | Cost | Market Value | Price | |||||||||||||||
Mackinaw Power LLC | 06/15/2007 | $ | 1,376 | $ | 1,376 | $ | 1,403 | $ | 101.96 | |||||||||||
Level 3 Communications, Inc. | 06/22/2009 | 2,110 | 2,087 | 2,606 | 123.51 |
p | Rate shown reflects the yield at 04/30/2012. |
P | Aggregate cost for federal income tax purposes is $585,187. Aggregate gross unrealized appreciation/depreciation for all securities in which there is an excess of value over tax cost were $40,988 and $12,445, respectively. Net unrealized appreciation for tax purposes is $28,543. |
DEFINITIONS (all amounts in thousands):
144A | 144A Securities are registered pursuant to Rule 144A of the Securities Act of 1933. These securities are deemed to be liquid for purposes of compliance limitations on holdings of illiquid securities and may be resold as transactions exempt from registration, normally to qualified institutional buyers. At 04/30/2012, these securities aggregated $110,659, or 21.78% of the fund’s net assets. | |
REIT | Real Estate Investment Trust | |
REMIC | Real Estate Mortgage Investment Conduits (consist of a fixed pool of mortgages broken apart and marketed to investors as individual securities) |
CURRENCY ABBREVIATIONS:
AUD | Australian Dollar | |
BRL | Brazilian Real | |
CAD | Canadian Dollar | |
EUR | Euro | |
IDR | Indonesian Rupiah | |
KRW | South Korean Won | |
MXN | Mexican Peso | |
NZD | New Zealand Dollar | |
PHP | Philippines Peso |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 17 |
Transamerica Bond
(formerly, Transamerica Loomis Sayles Bond)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
VALUATION SUMMARY (all amounts in thousands): '
Investment Securities | Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Value at 04/30/2012 | ||||||||||||
Asset-Backed Securities | $ | — | $ | 4,409 | $ | — | $ | 4,409 | ||||||||
Common Stocks | 7,626 | — | — | 7,626 | ||||||||||||
Convertible Bonds | — | 40,748 | — | 40,748 | ||||||||||||
Convertible Preferred Stocks | 18,826 | — | — | 18,826 | ||||||||||||
Corporate Debt Securities | — | 234,997 | — | 234,997 | ||||||||||||
Foreign Government Obligations | — | 94,143 | — | 94,143 | ||||||||||||
Mortgage-Backed Securities | — | 36,439 | — | 36,439 | ||||||||||||
Preferred Corporate Debt Securities | — | 1,039 | — | 1,039 | ||||||||||||
Preferred Stocks | 7,326 | — | — | 7,326 | ||||||||||||
Repurchase Agreement | — | 10,592 | — | 10,592 | ||||||||||||
Securities Lending Collateral | 110,958 | — | — | 110,958 | ||||||||||||
Structured Notes Debt | — | 3,935 | — | 3,935 | ||||||||||||
U.S. Government Obligations | — | 42,692 | — | 42,692 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total | $ | 144,736 | $ | 468,994 | $ | — | $ | 613,730 | ||||||||
|
|
|
|
|
|
|
|
' | See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 18 |
Transamerica Core Bond
(formerly, Transamerica JPMorgan Core Bond)
SCHEDULE OF INVESTMENTS
At April 30, 2012
(unaudited)
Principal (000’s) | Value (000’s) | |||||||
U.S. GOVERNMENT OBLIGATIONS—14.2% |
| |||||||
U.S. Treasury Bond | ||||||||
4.50%, 02/15/2036 | $ | 8,950 | $ | 11,371 | ||||
4.75%, 02/15/2037 | 600 | 791 | ||||||
5.38%, 02/15/2031 ^ | 3,500 | 4,888 | ||||||
5.50%, 08/15/2028 | 800 | 1,110 | ||||||
6.00%, 02/15/2026 | 200 | 285 | ||||||
6.13%, 11/15/2027 - 08/15/2029 | 1,600 | 2,372 | ||||||
6.25%, 05/15/2030 | 1,200 | 1,821 | ||||||
6.38%, 08/15/2027 | 50 | 75 | ||||||
6.50%, 11/15/2026 | 600 | 897 | ||||||
6.63%, 02/15/2027 | 150 | 227 | ||||||
6.75%, 08/15/2026 ^ | 250 | 381 | ||||||
7.50%, 11/15/2016 | 8,250 | 10,743 | ||||||
8.50%, 02/15/2020 ^ | 50 | 76 | ||||||
8.75%, 05/15/2020 ^ | 740 | 1,148 | ||||||
11.25%, 02/15/2015 ^ | 12,700 | 16,520 | ||||||
U.S. Treasury Inflation Indexed Bond | 2,651 | 3,612 | ||||||
U.S. Treasury Inflation Indexed Note | 2,081 | 2,387 | ||||||
U.S. Treasury Note | ||||||||
0.38%, 08/31/2012 | 2,000 | 2,002 | ||||||
0.63%, 07/31/2012 | 2,000 | 2,003 | ||||||
1.50%, 08/31/2018 | 2,000 | 2,043 | ||||||
2.00%, 04/30/2016 | 3,000 | 3,166 | ||||||
2.13%, 05/31/2015 - 12/31/2015 | 7,535 | 7,956 | ||||||
2.38%, 02/28/2015 | 300 | 317 | ||||||
2.63%, 04/30/2016 - 08/15/2020 | 12,815 | 13,831 | ||||||
2.75%, 05/31/2017 ^ | 5,580 | 6,108 | ||||||
2.88%, 03/31/2018 ^ | 1,425 | 1,576 | ||||||
3.00%, 09/30/2016 | 1,000 | 1,100 | ||||||
3.13%, 09/30/2013 ^ | 3,000 | 3,122 | ||||||
3.13%, 10/31/2016 - 04/30/2017 | 15,700 | 17,413 | ||||||
3.25%, 12/31/2016 ^ | 5,450 | 6,072 | ||||||
3.25%, 03/31/2017 | 2,300 | 2,570 | ||||||
4.00%, 02/15/2015 | 5,000 | 5,500 | ||||||
4.13%, 05/15/2015 | 3,100 | 3,446 | ||||||
4.25%, 11/15/2017 | 8,250 | 9,713 | ||||||
4.50%, 05/15/2017 | 6,180 | 7,300 | ||||||
4.75%, 08/15/2017 ^ | 1,630 | 1,956 | ||||||
U.S. Treasury STRIPS p |
| |||||||
0.28%, 02/15/2014 | 2,100 | 2,090 | ||||||
0.31%, 05/15/2014 | 3,400 | 3,380 | ||||||
0.33%, 08/15/2014 ^ | 4,000 | 3,970 | ||||||
0.42%, 02/15/2015 | 5,100 | 5,040 | ||||||
0.70%, 05/15/2016 ^ | 200 | 195 | ||||||
0.81%, 11/15/2016 ^ | 150 | 145 | ||||||
0.85%, 02/15/2017 ^ | 3,960 | 3,803 | ||||||
0.95%, 08/15/2017 | 300 | 285 | ||||||
1.02%, 11/15/2017 | 3,625 | 3,427 | ||||||
1.08%, 02/15/2018 | 2,500 | 2,349 | ||||||
1.20%, 08/15/2018 | 550 | 510 | ||||||
1.42%, 05/15/2019 ^ | 3,090 | 2,798 | ||||||
1.49%, 08/15/2019 | 2,550 | 2,289 | ||||||
1.71%, 05/15/2020 | 50,423 | 43,989 | ||||||
1.75%, 08/15/2020 ^ | 29,550 | 25,563 | ||||||
1.82%, 11/15/2020 ^ | 2,200 | 1,886 | ||||||
1.88%, 02/15/2021 | 1,000 | 849 |
Principal (000’s) | Value (000’s) | |||||||
U.S. GOVERNMENT OBLIGATIONS (continued) |
| |||||||
U.S. Treasury STRIPS (continued) p |
| |||||||
1.93%, 05/15/2021 ^ | $ | 6,800 | $ | 5,718 | ||||
1.98%, 08/15/2021 ^ | 9,900 | 8,247 | ||||||
2.08%, 02/15/2022 | 400 | 327 | ||||||
2.33%, 05/15/2023 | 1,000 | 774 | ||||||
2.46%, 02/15/2024 | 75 | 56 | ||||||
2.50%, 05/15/2024 | 300 | 222 | ||||||
2.53%, 08/15/2024 | 975 | 715 | ||||||
2.57%, 11/15/2024 | 1,600 | 1,160 | ||||||
2.62%, 02/15/2025 | 1,150 | 824 | ||||||
2.65%, 05/15/2025 | 700 | 496 | ||||||
2.75%, 02/15/2026 | 500 | 343 | ||||||
2.77%, 05/15/2026 | 600 | 407 | ||||||
2.80%, 08/15/2026 ^ | 1,900 | 1,276 | ||||||
2.85%, 02/15/2027 ^ | 3,900 | 2,564 | ||||||
2.87%, 05/15/2027 | 850 | 553 | ||||||
2.89%, 08/15/2027 | 100 | 64 | ||||||
2.90%, 11/15/2027 | 350 | 223 | ||||||
2.91%, 02/15/2028 ^ | 1,250 | 790 | ||||||
2.93%, 05/15/2028 ^ | 100 | 63 | ||||||
2.95%, 08/15/2028 ^ | 1,000 | 620 | ||||||
2.96%, 11/15/2028 ^ | 2,000 | 1,228 | ||||||
2.97%, 02/15/2029 | 2,950 | 1,796 | ||||||
2.98%, 05/15/2029 ^ | 100 | 60 | ||||||
2.99%, 08/15/2029 | 3,800 | 2,271 | ||||||
3.01%, 11/15/2029 | 1,500 | 888 | ||||||
3.02%, 02/15/2030 | 4,350 | 2,549 | ||||||
3.04%, 05/15/2030 ^ | 1,825 | 1,060 | ||||||
3.05%, 08/15/2030 | 950 | 546 | ||||||
3.06%, 11/15/2030 ^ | 900 | 512 | ||||||
3.09%, 05/15/2031 ^ | 150 | 84 | ||||||
3.11%, 11/15/2031 | 100 | 55 | ||||||
3.13%, 02/15/2032 | 50 | 27 | ||||||
3.16%, 11/15/2032 | 3,350 | 1,758 | ||||||
3.18%, 05/15/2033 | 4,350 | 2,235 | ||||||
3.19%, 08/15/2033 | 5,000 | 2,544 | ||||||
3.21%, 11/15/2033 | 600 | 302 | ||||||
3.22%, 02/15/2034 | 500 | 249 | ||||||
3.23%, 05/15/2034 | 400 | 197 | ||||||
3.24%, 08/15/2034 | 400 | 195 | ||||||
3.30%, 05/15/2036 | 100 | 46 | ||||||
|
| |||||||
Total U.S. Government Obligations (cost $278,773) |
| 302,510 | ||||||
|
| |||||||
U.S. GOVERNMENT AGENCY OBLIGATIONS—50.0% |
| |||||||
Fannie Mae | ||||||||
0.44%, 10/27/2037 * | 1,600 | 1,591 | ||||||
0.46%, 02/25/2036 - 03/25/2045 * | 599 | 596 | ||||||
0.48%, 10/25/2046 * | 589 | 586 | ||||||
0.49%, 06/27/2036 - 09/25/2036 * | 4,500 | 4,468 | ||||||
0.50%, 11/25/2046 * | 4,361 | 4,341 | ||||||
0.53%, 07/25/2036 * | 584 | 583 | ||||||
0.54%, 03/25/2036 * | 445 | 445 | ||||||
0.56%, 03/25/2037 * | 4,536 | 4,504 | ||||||
0.59%, 08/25/2036 * | 969 | 968 | ||||||
0.64%, 06/25/2037 - 05/25/2042 * | 1,012 | 1,009 | ||||||
0.69%, 07/25/2034 * | 279 | 278 | ||||||
0.79%, 08/25/2041 * | 1,960 | 1,966 | ||||||
0.84%, 04/25/2040 * | 2,329 | 2,338 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 19 |
Transamerica Core Bond
(formerly, Transamerica JPMorgan Core Bond)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Principal (000’s) | Value (000’s) | |||||||
U.S. GOVERNMENT AGENCY OBLIGATIONS (continued) |
| |||||||
Fannie Mae (continued) | ||||||||
0.98%, 01/01/2019 * | $ | 1,096 | $ | 1,109 | ||||
1.33%, 07/05/2014 p | 4,000 | 3,926 | ||||||
1.65%, 06/01/2017 p^ | 800 | 750 | ||||||
1.99%, 01/01/2017 | 1,500 | 1,500 | ||||||
2.19%, 09/01/2036 * | 123 | 130 | ||||||
2.20%, 02/01/2037 * | 253 | 266 | ||||||
2.25%, 02/01/2037 * | 124 | 132 | ||||||
2.38%, 09/01/2036 * | 348 | 371 | ||||||
2.42%, 10/01/2036 * | 216 | 231 | ||||||
2.57%, 09/01/2036 * | 96 | 103 | ||||||
2.58%, 06/01/2036 * | 306 | 326 | ||||||
2.63%, 05/01/2036 * | 447 | 476 | ||||||
2.65%, 12/01/2036 * | 232 | 248 | ||||||
2.80%, 12/01/2036 * | 496 | 532 | ||||||
2.92%, 11/01/2036 * | 129 | 138 | ||||||
2.97%, 11/01/2018 | 1,465 | 1,547 | ||||||
3.00%, 01/25/2021 | 3,178 | 3,308 | ||||||
3.03%, 12/25/2039 * | 987 | 1,055 | ||||||
3.10%, 03/01/2036 * | 1,238 | 1,312 | ||||||
3.12%, 01/01/2022 | 2,000 | 2,087 | ||||||
3.23%, 11/01/2020 | 700 | 740 | ||||||
3.23%, 03/01/2036 * | 459 | 488 | ||||||
3.27%, 11/01/2020 | 2,000 | 2,116 | ||||||
3.32%, 04/01/2037 * | 87 | 93 | ||||||
3.38%, 01/01/2018 | 4,000 | 4,312 | ||||||
3.43%, 11/01/2020 | 4,800 | 5,131 | ||||||
3.50%, 12/25/2018 - 09/01/2020 | 4,955 | 5,265 | ||||||
3.52%, 01/01/2018 - 12/01/2020 | 11,641 | 12,574 | ||||||
3.54%, 01/01/2018 | 3,931 | 4,255 | ||||||
3.59%, 10/01/2021 | 2,000 | 2,143 | ||||||
3.63%, 01/01/2018 | 1,500 | 1,629 | ||||||
3.64%, 06/01/2018 | 6,000 | 6,530 | ||||||
3.73%, 06/25/2021 | 3,500 | 3,802 | ||||||
3.74%, 06/01/2018 | 1,988 | 2,177 | ||||||
3.76%, 06/25/2021 - 07/25/2021 | 10,500 | 11,395 | ||||||
3.77%, 01/01/2021 - 08/01/2021 | 6,500 | 7,068 | ||||||
3.80%, 03/01/2018 | 1,970 | 2,155 | ||||||
3.80%, 11/01/2037 * | 239 | 255 | ||||||
3.86%, 07/01/2021 | 1,979 | 2,163 | ||||||
3.87%, 08/01/2021 | 1,985 | 2,169 | ||||||
3.88%, 09/01/2021 | 3,176 | 3,489 | ||||||
3.89%, 07/01/2021 | 6,000 | 6,567 | ||||||
3.92%, 08/01/2021 | 2,300 | 2,521 | ||||||
3.95%, 07/01/2021 | 7,000 | 7,685 | ||||||
3.95%, 11/01/2036 * | 415 | 445 | ||||||
3.97%, 06/01/2021 - 07/01/2021 | 12,400 | 13,619 | ||||||
3.98%, 08/01/2021 | 4,942 | 5,419 | ||||||
3.99%, 07/01/2021 - 07/01/2026 | 6,796 | 7,410 | ||||||
4.00%, 04/01/2020 - 08/25/2023 | 6,052 | 6,553 | ||||||
4.02%, 08/01/2021 | 3,954 | 4,358 | ||||||
4.03%, 06/01/2021 | 4,873 | 5,373 | ||||||
4.05%, 01/01/2021 - 08/01/2021 | 10,035 | 11,072 | ||||||
4.06%, 07/01/2021 | 6,000 | 6,628 | ||||||
4.07%, 07/01/2020 | 1,800 | 1,963 | ||||||
4.13%, 08/01/2021 | 1,488 | 1,650 | ||||||
4.16%, 03/01/2021 | 2,463 | 2,737 |
Principal (000’s) | Value (000’s) | |||||||
U.S. GOVERNMENT AGENCY OBLIGATIONS (continued) |
| |||||||
Fannie Mae (continued) | ||||||||
4.18%, 12/01/2019 | $ | 4,838 | $ | 5,368 | ||||
4.22%, 07/01/2021 | 8,300 | 9,252 | ||||||
4.23%, 03/01/2020 | 4,807 | 5,349 | ||||||
4.24%, 06/01/2021 | 3,000 | 3,348 | ||||||
4.25%, 04/01/2021 | 2,500 | 2,792 | ||||||
4.26%, 07/01/2021 | 2,500 | 2,795 | ||||||
4.28%, 01/01/2020 | 1,453 | 1,621 | ||||||
4.30%, 01/01/2021 | 1,480 | 1,664 | ||||||
4.31%, 06/01/2021 | 9,892 | 11,091 | ||||||
4.31%, 07/01/2037 * | 192 | 204 | ||||||
4.32%, 06/01/2021 | 2,476 | 2,778 | ||||||
4.34%, 06/01/2021 | 7,000 | 7,860 | ||||||
4.36%, 05/01/2021 | 2,000 | 2,311 | ||||||
4.37%, 04/01/2020 | 977 | 1,100 | ||||||
4.38%, 01/01/2021 - 04/01/2021 | 4,462 | 5,018 | ||||||
4.39%, 05/01/2021 | 1,000 | 1,126 | ||||||
4.40%, 02/01/2020 | 2,000 | 2,249 | ||||||
4.45%, 07/01/2026 | 1,488 | 1,662 | ||||||
4.48%, 06/01/2021 | 2,180 | 2,468 | ||||||
4.50%, 09/25/2018 - 10/25/2039 | 14,731 | 16,226 | ||||||
4.53%, 12/01/2019 | 2,152 | 2,435 | ||||||
4.54%, 01/01/2020 | 972 | 1,098 | ||||||
4.55%, 06/25/2043 | 270 | 293 | ||||||
4.65%, 03/01/2021 | 3,606 | 4,103 | ||||||
4.75%, 09/25/2018 | 832 | 892 | ||||||
5.00%, 04/25/2016 - 09/25/2040 | 43,734 | 47,761 | ||||||
5.00%, 05/11/2017 ^ | 8,650 | 10,306 | ||||||
5.20%, 11/01/2037 * | 263 | 279 | ||||||
5.24%, 05/01/2017 | 6,000 | 6,752 | ||||||
5.38%, 06/12/2017 ^ | 10,000 | 12,129 | ||||||
5.50%, 01/01/2018 - 10/25/2040 | 76,834 | 86,163 | ||||||
5.52%, 07/01/2037 * | 151 | 162 | ||||||
5.53%, 05/01/2018 | 951 | 1,087 | ||||||
5.61%, 01/25/2032 * | 247 | 270 | ||||||
5.73%, 08/01/2037 * | 347 | 370 | ||||||
5.75%, 08/25/2034 | 1,000 | 1,103 | ||||||
5.89%, 04/01/2036 - 05/25/2051 * | 1,980 | 2,210 | ||||||
5.90%, 09/01/2037 * | 248 | 270 | ||||||
5.94%, 06/25/2040 * | 610 | 672 | ||||||
5.96%, 07/01/2037 * | 215 | 230 | ||||||
5.99%, 09/01/2037 * | 18 | 20 | ||||||
6.00%, 03/01/2019 - 12/25/2049 | 77,347 | 86,623 | ||||||
6.15%, 02/25/2040 * | 786 | 902 | ||||||
6.22%, 08/01/2036 * | 108 | 118 | ||||||
6.25%, 09/25/2038 | 607 | 686 | ||||||
6.45%, 03/25/2040 * | 709 | 817 | ||||||
6.50%, 05/25/2017 - 07/25/2042 | 22,302 | 25,131 | ||||||
6.75%, 04/25/2037 | 740 | 815 | ||||||
7.00%, 12/25/2033 - 02/25/2044 | 26,394 | 31,465 | ||||||
7.07%, 12/25/2042 * | 250 | 292 | ||||||
7.50%, 05/17/2024 - 12/25/2045 | 3,438 | 4,077 | ||||||
8.00%, 02/25/2023 - 10/01/2031 | 2,419 | 2,918 | ||||||
8.54%, 11/25/2037 * | 1,134 | 1,351 | ||||||
12.18%, 03/25/2040 * | 1,188 | 1,396 | ||||||
15.72%, 01/25/2034 * | 128 | 159 | ||||||
16.28%, 08/25/2035 - 10/25/2035 * | 472 | 649 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 20 |
Transamerica Core Bond
(formerly, Transamerica JPMorgan Core Bond)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Principal (000’s) | Value (000’s) | |||||||
U.S. GOVERNMENT AGENCY OBLIGATIONS (continued) |
| |||||||
Fannie Mae (continued) | ||||||||
16.87%, 04/25/2040 * | $ | 398 | $ | 627 | ||||
17.22%, 09/25/2024 * | 573 | 832 | ||||||
18.87%, 05/25/2034 * | 427 | 634 | ||||||
19.47%, 05/25/2035 * | 757 | 1,117 | ||||||
21.87%, 04/25/2037 * | 494 | 748 | ||||||
23.69%, 11/25/2035 * | 374 | 599 | ||||||
Fannie Mae, IO | ||||||||
0.64%, 10/25/2016 * | 721 | 6 | ||||||
3.00%, 01/25/2021 | 3,786 | 251 | ||||||
4.00%, 10/25/2014 | 2,086 | 105 | ||||||
4.20%, 11/25/2040 * | 4,397 | 466 | ||||||
4.67%, 04/25/2041 * | 3,522 | 251 | ||||||
4.76%, 07/25/2040 * | 5,228 | 675 | ||||||
5.00%, 07/25/2039 | 602 | 84 | ||||||
5.50%, 10/25/2039 | 1,308 | 186 | ||||||
5.66%, 10/25/2039 * | 930 | 119 | ||||||
5.76%, 02/25/2038 - 06/25/2039 * | 8,186 | 1,081 | ||||||
5.84%, 01/25/2038 * | 297 | 16 | ||||||
5.94%, 12/25/2039 * | 224 | 27 | ||||||
6.01%, 01/25/2040 * | 2,993 | 368 | ||||||
6.11%, 12/25/2037 * | 4,208 | 718 | ||||||
6.16%, 07/25/2037 - 05/25/2040 * | 6,535 | 1,009 | ||||||
6.18%, 04/25/2040 * | 1,546 | 187 | ||||||
6.21%, 10/25/2037 - 12/25/2037 * | 1,879 | 290 | ||||||
6.38%, 07/25/2037 * | 2,378 | 357 | ||||||
6.41%, 10/25/2026 - 03/25/2039 * | 4,990 | 745 | ||||||
6.75%, 03/25/2038 * | 1,048 | 165 | ||||||
6.86%, 02/25/2040 * | 1,230 | 176 | ||||||
Fannie Mae, PO | 16,621 | 15,604 | ||||||
Fannie Mae STRIPS | 1,000 | 780 | ||||||
Fannie Mae STRIPS, PO | 2,019 | 1,819 | ||||||
Federal Farm Credit Bank | 2,000 | 2,434 | ||||||
Financing Corp. STRIPS | 500 | 430 | ||||||
Freddie Mac | ||||||||
0.49%, 08/15/2023 * | 965 | 965 | ||||||
0.54%, 06/15/2024 - 03/15/2036 * | 2,045 | 2,045 | ||||||
0.59%, 07/15/2034 * | 1,504 | 1,502 | ||||||
0.64%, 02/15/2033 * | 1,602 | 1,597 | ||||||
1.44%, 07/15/2039 * | 745 | 749 | ||||||
2.42%, 12/01/2036 * | 609 | 650 | ||||||
2.45%, 10/01/2036 * | 249 | 266 | ||||||
2.47%, 12/01/2036 * | 529 | 565 | ||||||
2.50%, 11/01/2036 * | 250 | 267 | ||||||
2.89%, 11/01/2036 * | 57 | 61 | ||||||
3.13%, 05/01/2037 * | 253 | 270 | ||||||
3.18%, 05/01/2036 * | 211 | 224 | ||||||
3.22%, 03/01/2037 * | 398 | 424 | ||||||
3.33%, 03/01/2036 * | 1,038 | 1,117 | ||||||
3.45%, 11/01/2036 * | 863 | 914 | ||||||
3.46%, 04/01/2037 * | 162 | 173 | ||||||
3.50%, 06/15/2021 | 2,000 | 2,168 | ||||||
3.68%, 05/01/2038 * | 147 | 158 |
Principal (000’s) | Value (000’s) | |||||||
U.S. GOVERNMENT AGENCY OBLIGATIONS (continued) |
| |||||||
Freddie Mac (continued) | ||||||||
4.00%, 01/15/2018 - 12/15/2041 | $ | 3,883 | $ | 4,138 | ||||
4.25%, 10/15/2030 | 287 | 289 | ||||||
4.50%, 07/01/2014 - 05/01/2041 | 55,714 | 60,185 | ||||||
4.52%, 04/01/2037 * | 68 | 72 | ||||||
4.75%, 10/25/2037 * | 949 | 968 | ||||||
4.87%, 05/01/2037 * | 227 | 242 | ||||||
4.91%, 02/01/2036 * | 2,529 | 2,710 | ||||||
5.00%, 10/01/2018 - 07/15/2041 | 32,854 | 36,302 | ||||||
5.00%, 01/01/2035 * | 2,185 | 2,338 | ||||||
5.09%, 07/01/2036 * | 1,893 | 2,028 | ||||||
5.10%, 12/01/2031 * | 858 | 918 | ||||||
5.13%, 11/17/2017 ^ | 19,930 | 24,103 | ||||||
5.13%, 05/01/2037 * | 199 | 211 | ||||||
5.23%, 05/25/2043 | 1,752 | 1,915 | ||||||
5.30%, 06/15/2012 - 01/15/2033 | 2,012 | 2,186 | ||||||
5.50%, 08/23/2017 ^ | 4,900 | 5,994 | ||||||
5.50%, 02/01/2018 - 01/15/2039 | 33,655 | 36,986 | ||||||
5.50%, 05/15/2041 * | 3,846 | 4,260 | ||||||
5.63%, 06/01/2037 * | 275 | 299 | ||||||
5.68%, 05/01/2037 * | 742 | 775 | ||||||
5.69%, 10/15/2038 * | 1,548 | 1,692 | ||||||
5.75%, 10/15/2035 | 1,200 | 1,288 | ||||||
5.89%, 04/01/2037 * | 87 | 95 | ||||||
6.00%, 05/01/2017 - 06/15/2038 | 29,423 | 33,006 | ||||||
6.00%, 10/01/2037 * | 201 | 214 | ||||||
6.16%, 09/01/2037 * | 167 | 178 | ||||||
6.25%, 10/15/2023 | 934 | 976 | ||||||
6.39%, 02/01/2037 * | 239 | 261 | ||||||
6.48%, 10/01/2037 * | 249 | 275 | ||||||
6.50%, 08/15/2021 - 02/25/2043 | 12,974 | 14,640 | ||||||
6.50%, 09/25/2043 * | 243 | 276 | ||||||
6.80%, 11/15/2021 * | 1,173 | 1,295 | ||||||
7.00%, 12/15/2036 - 07/25/2043 | 3,018 | 3,559 | ||||||
7.16%, 11/15/2046 * | 2,437 | 2,745 | ||||||
7.50%, 11/15/2036 - 09/25/2043 | 4,385 | 5,205 | ||||||
8.00%, 06/15/2035 * | 379 | 410 | ||||||
8.50%, 09/01/2015 | 92 | 100 | ||||||
8.64%, 11/15/2033 * | 1 | 1 | ||||||
8.71%, 11/15/2033 * | 274 | 314 | ||||||
8.79%, 10/15/2033 * | 140 | 142 | ||||||
10.00%, 03/17/2026 - 10/01/2030 | 1,144 | 1,356 | ||||||
11.00%, 02/17/2021 | 425 | 471 | ||||||
14.41%, 06/15/2033 * | 188 | 231 | ||||||
15.84%, 10/15/2033 * | 64 | 69 | ||||||
15.97%, 10/15/2033 * | 159 | 166 | ||||||
16.70%, 02/15/2040 * | 500 | 790 | ||||||
16.85%, 02/15/2038 * | 101 | 139 | ||||||
19.50%, 07/15/2035 * | 124 | 183 | ||||||
20.31%, 08/15/2031 * | 189 | 273 | ||||||
21.04%, 05/15/2035 * | 143 | 222 | ||||||
23.67%, 06/15/2035 * | 133 | 212 | ||||||
Freddie Mac, IO | ||||||||
3.50%, 09/15/2024 | 2,013 | 139 | ||||||
4.00%, 11/15/2029 - 10/15/2037 | 15,913 | 1,559 | ||||||
4.25%, 01/15/2040 * | 3,546 | 182 | ||||||
4.50%, 12/15/2024 - 07/15/2037 | 7,089 | 743 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 21 |
Transamerica Core Bond
(formerly, Transamerica JPMorgan Core Bond)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Principal (000’s) | Value (000’s) | |||||||
U.S. GOVERNMENT AGENCY OBLIGATIONS (continued) |
| |||||||
Freddie Mac, IO (continued) | ||||||||
5.00%, 04/15/2032 - 08/15/2040 | $ | 7,528 | $ | 1,148 | ||||
5.50%, 07/15/2037 | 630 | 71 | ||||||
5.76%, 11/15/2037 - 10/15/2040 * | 5,120 | 976 | ||||||
5.81%, 05/15/2038 * | 2,891 | 354 | ||||||
5.86%, 05/15/2039 * | 2,332 | 335 | ||||||
6.01%, 12/15/2039 * | 2,641 | 396 | ||||||
6.10%, 12/15/2039 * | 1,800 | 388 | ||||||
6.16%, 01/15/2037 * | 1,210 | 203 | ||||||
6.21%, 11/15/2037 * | 188 | 28 | ||||||
6.46%, 01/15/2019 * | 804 | 34 | ||||||
6.56%, 09/15/2039 * | 1,153 | 208 | ||||||
7.46%, 08/15/2036 * | 4,505 | 663 | ||||||
Freddie Mac, PO | 17,916 | 16,569 | ||||||
Freddie Mac Re-REMIC | 3,277 | 3,887 | ||||||
Freddie Mac STRIPS, PO | 572 | 515 | ||||||
Ginnie Mae | 200 | 199 | ||||||
5.50%, 05/16/2019 - 09/20/2039 | 10,109 | 11,689 | ||||||
5.54%, 07/20/2040 * | 5,648 | 6,336 | ||||||
5.75%, 02/20/2036 - 10/20/2037 | 11,211 | 12,369 | ||||||
5.85%, 10/20/2033 * | 727 | 829 | ||||||
6.00%, 04/20/2020 - 12/20/2039 | 13,906 | 15,759 | ||||||
6.13%, 06/16/2031 | 1,584 | 1,822 | ||||||
6.50%, 04/20/2028 - 12/15/2035 | 3,931 | 4,518 | ||||||
7.00%, 09/15/2031 - 10/16/2040 | 3,117 | 3,734 | ||||||
7.00%, 09/20/2034 * | 65 | 70 | ||||||
7.40%, 03/17/2033 * | 252 | 268 | ||||||
7.50%, 12/20/2029 - 10/15/2037 | 1,459 | 1,696 | ||||||
8.76%, 04/20/2034 * | 370 | 422 | ||||||
14.26%, 11/17/2032 * | 112 | 136 | ||||||
16.80%, 02/20/2034 * | 73 | 119 | ||||||
22.44%, 04/20/2037 * | 681 | 1,025 | ||||||
Ginnie Mae, IO | ||||||||
4.00%, 09/16/2037 | 4,531 | 578 | ||||||
5.59%, 02/20/2038 * | 386 | 60 | ||||||
5.66%, 09/20/2038 * | 2,950 | 456 | ||||||
5.71%, 02/20/2039 - 06/20/2039 * | 1,339 | 207 | ||||||
5.76%, 02/20/2038 * | 3,687 | 584 | ||||||
5.80%, 02/20/2039 * | 448 | 69 | ||||||
5.81%, 08/16/2039 * | 2,590 | 346 | ||||||
5.85%, 09/20/2039 * | 2,657 | 420 | ||||||
5.86%, 11/20/2034 - 08/20/2039 * | 7,644 | 1,109 | ||||||
5.91%, 07/20/2038 * | 2,443 | 358 | ||||||
5.96%, 03/20/2037 - 06/20/2038 * | 5,910 | 1,002 | ||||||
6.06%, 03/20/2039 * | 472 | 65 | ||||||
6.16%, 12/20/2038 - 11/16/2039 * | 4,672 | 627 | ||||||
6.29%, 12/20/2037 * | 186 | 30 | ||||||
6.31%, 11/16/2033 - 11/20/2037 * | 549 | 93 | ||||||
6.36%, 05/20/2041 * | 1,983 | 346 | ||||||
6.41%, 09/20/2033 * | 2,004 | 153 | ||||||
6.44%, 07/20/2037 * | 1,708 | 275 | ||||||
6.46%, 06/20/2037 * | 2,901 | 505 | ||||||
6.50%, 03/20/2039 | 249 | 53 | ||||||
7.06%, 12/20/2038 * | 1,981 | 322 |
Principal (000’s) | Value (000’s) | |||||||
U.S. GOVERNMENT AGENCY OBLIGATIONS (continued) |
| |||||||
Ginnie Mae, IO (continued) | ||||||||
7.36%, 09/20/2038 * | $ | 231 | $ | 37 | ||||
7.46%, 04/16/2038 * | 140 | 23 | ||||||
Ginnie Mae, PO | 7,037 | 6,469 | ||||||
Government Trust Certificate | 15,890 | 13,603 | ||||||
0.92%, 10/01/2015 p | 4,000 | 3,812 | ||||||
Residual Funding Corp. Principal STRIPS, PO | 1,400 | 1,183 | ||||||
2.30%, 10/15/2020 p | 1,000 | 833 | ||||||
Tennessee Valley Authority | 236 | 266 | ||||||
5.25%, 09/15/2039 | 40 | 50 | ||||||
5.88%, 04/01/2036 | 2,325 | 3,085 | ||||||
Tennessee Valley Authority Generic STRIPS | 500 | 433 | ||||||
Tennessee Valley Authority Principal STRIPS | 1,000 | 641 | ||||||
|
| |||||||
Total U.S. Government Agency Obligations (cost $1,025,170) | 1,061,661 | |||||||
|
| |||||||
FOREIGN GOVERNMENT OBLIGATIONS—1.6% |
| |||||||
Corp. Andina de Fomento 3.75%, 01/15/2016 ^ | 795 | 831 | ||||||
Israel Government AID Bond p | ||||||||
1.85%, 08/15/2018 | 1,500 | 1,355 | ||||||
2.06%, 03/15/2019 | 10,000 | 8,838 | ||||||
2.19%, 09/15/2019 | 7,500 | 6,497 | ||||||
2.30%, 02/15/2020 | 6,500 | 5,527 | ||||||
2.39%, 09/15/2020 | 7,996 | 6,634 | ||||||
3.28%, 02/15/2025 | 2,250 | 1,488 | ||||||
3.56%, 11/15/2026 | 1,400 | 853 | ||||||
Mexico Government International Bond | 888 | 913 | ||||||
Province of Manitoba Canada | 100 | 102 | ||||||
Province of Ontario Canada | 700 | 737 | ||||||
2.95%, 02/05/2015 ^ | 515 | 545 | ||||||
Province of Quebec Canada | 285 | 385 | ||||||
|
| |||||||
Total Foreign Government Obligations (cost $33,560) |
| 34,705 | ||||||
|
| |||||||
MORTGAGE-BACKED SECURITIES—10.6% |
| |||||||
A10 Securitization LLC Series 2012-1, Class A 3.49%, 04/15/2024—144A | 1,500 | 1,504 | ||||||
American General Mortgage Loan Trust Series 2006-1, Class A5 5.75%, 12/25/2035—144A * | 339 | 357 | ||||||
Series 2009-1, Class A4 5.75%, 09/25/2048—144A * | 1,650 | 1,667 | ||||||
Series 2009-1, Class A5 5.75%, 09/25/2048—144A * | 1,100 | 1,120 | ||||||
Series 2009-1, Class A7 5.75%, 09/25/2048—144A * | 1,900 | 1,948 | ||||||
Series 2010-1A, Class A1 5.15%, 03/25/2058—144A * | 952 | 977 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 22 |
Transamerica Core Bond
(formerly, Transamerica JPMorgan Core Bond)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Principal (000’s) | Value (000’s) | |||||||
MORTGAGE-BACKED SECURITIES (continued) |
| |||||||
American General Mortgage Loan Trust (continued) | $ | 1,140 | $ | 1,195 | ||||
Series 2009-1, Class A60 4.78%, 06/26/2037—144A | 145 | 143 | ||||||
Series 2009-2, Class A55 5.20%, 05/24/2036—144A * | 231 | 229 | ||||||
Series 2009-2, Class G60 5.20%, 05/24/2036—144A * | 400 | 389 | ||||||
Series 2009-3, Class A65 2.68%, 03/26/2037—144A * | 1,254 | 1,233 | ||||||
Series 2009-4, Class A60 6.00%, 06/28/2037—144A | 202 | 209 | ||||||
Series 2010-3, Class 2A22 0.52%, 10/28/2036—144A * | 560 | 554 | ||||||
Series 2010-4, Class 2A20 0.39%, 11/28/2036—144A * | 369 | 358 | ||||||
Series 2011-1, Class 3A50 2.66%, 11/28/2035—144A * | 480 | 465 | ||||||
Banc of America Alternative Loan Trust | 417 | 426 | ||||||
Series 2003-9, Class 1CB2 5.50%, 11/25/2033 | 204 | 209 | ||||||
Series 2003-11, Class 1A1 6.00%, 01/25/2034 | 163 | 169 | ||||||
Series 2003-11, Class 2A1 6.00%, 01/25/2034 | 212 | 221 | ||||||
Series 2004-1, Class 1A1 6.00%, 02/25/2034 | 661 | 695 | ||||||
Series 2004-1, Class 5A1 5.50%, 02/25/2019 | 84 | 85 | ||||||
Series 2004-6, Class 3A2 6.00%, 07/25/2034 | 236 | 240 | ||||||
Series 2004-8, Class 3A1 5.50%, 09/25/2019 | 115 | 116 | ||||||
Banc of America Funding Corp. | 743 | 758 | ||||||
Series 2004-3, Class 1A7 5.50%, 10/25/2034 | 5 | 5 | ||||||
Series 2004-C, Class 1A1 5.04%, 12/20/2034 * | 181 | 178 | ||||||
Series 2005-E, Class 4A1 2.66%, 03/20/2035 * | 2,496 | 2,293 | ||||||
Series 2010-R4, Class 5A1 0.39%, 07/26/2036—144A * | 244 | 238 | ||||||
Series 2010-R5, Class 1A1 5.50%, 10/26/2037—144A | 1,172 | 1,216 | ||||||
Series 2010-R11A, Class 1A6 5.36%, 08/26/2035—144A * | 903 | 952 | ||||||
Banc of America Merrill Lynch Commercial | 300 | 328 | ||||||
Series 2005-3, Class AM 4.73%, 07/10/2043 | 800 | 832 | ||||||
Series 2005-5, Class A4 5.12%, 10/10/2045 * | 200 | 223 | ||||||
Series 2006-3, Class A4 5.89%, 07/10/2044 * | 600 | 678 |
Principal (000’s) | Value (000’s) | |||||||
MORTGAGE-BACKED SECURITIES (continued) |
| |||||||
Banc of America Merrill Lynch Commercial Mortgage, Inc. (continued) | $ | 500 | $ | 565 | ||||
Series 2006-5, Class A4 5.41%, 09/10/2047 | 150 | 167 | ||||||
Banc of America Mortgage Securities, Inc. | 840 | 859 | ||||||
Series 2003-3, Class 2A1 0.79%, 05/25/2018 * | 99 | 94 | ||||||
Series 2003-4, Class 2A1 0.79%, 06/25/2018 * | 428 | 418 | ||||||
Series 2003-6, Class 2A1 0.69%, 08/25/2018 * | 174 | 166 | ||||||
Series 2003-C, Class 3A1 3.09%, 04/25/2033 * | 321 | 322 | ||||||
Series 2003-E, Class 2A2 2.89%, 06/25/2033 * | 472 | 460 | ||||||
Series 2004-3, Class 1A26 5.50%, 04/25/2034 | 1,300 | 1,327 | ||||||
Series 2004-3, Class 3A1 5.00%, 04/25/2019 | 148 | 150 | ||||||
Series 2004-5, Class 4A1 4.75%, 06/25/2019 | 107 | 110 | ||||||
Series 2004-C, Class 2A2 3.13%, 04/25/2034 * | 968 | 944 | ||||||
BCAP LLC Trust | 547 | 578 | ||||||
Series 2009-RR10, Class 17A1 5.75%, 06/26/2037—144A | 148 | 149 | ||||||
Series 2009-RR13, Class 17A2 5.50%, 04/26/2037—144A * | 568 | 590 | ||||||
Series 2009-RR14, Class 3A2 2.70%, 08/26/2035—144A * | 500 | 428 | ||||||
Series 2010-RR4, Class 12A1 4.00%, 07/26/2036—144A * | 589 | 582 | ||||||
Series 2010-RR5, Class 2A5 5.10%, 04/26/2037—144A * | 809 | 805 | ||||||
Series 2010-RR6, Class 22A3 5.00%, 06/26/2036—144A * | 668 | 663 | ||||||
Series 2010-RR6, Class 5A1 5.50%, 11/26/2037—144A * | 264 | 263 | ||||||
Series 2010-RR7, Class 1A5 5.01%, 04/26/2035—144A * | 921 | 900 | ||||||
Series 2010-RR7, Class 2A1 4.55%, 07/26/2045—144A * | 1,244 | 1,168 | ||||||
Series 2010-RR7, Class 15A1 1.04%, 01/26/2036—144A * | 410 | 387 | ||||||
Series 2010-RR7, Class 16A1 0.86%, 02/26/2047—144A * | 616 | 573 | ||||||
Series 2010-RR8, Class 3A3 5.08%, 05/26/2035—144A * | 510 | 513 | ||||||
Series 2010-RR8, Class 3A4 5.08%, 05/26/2035—144A * | 773 | 691 | ||||||
Series 2010-RR12, Class 2A5 4.50%, 01/26/2036—144A * | 794 | 807 | ||||||
Series 2011-RR4, Class 6A3 5.00%, 08/26/2037—144A * | 897 | 856 | ||||||
Series 2011-RR5, Class 11A3 0.39%, 05/28/2036—144A * | 1,129 | 995 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 23 |
Transamerica Core Bond
(formerly, Transamerica JPMorgan Core Bond)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Principal (000’s) | Value (000’s) | |||||||
MORTGAGE-BACKED SECURITIES (continued) | ||||||||
BCAP LLC Trust (continued) | $ | 1,085 | $ | 1,031 | ||||
Series 2011-RR10, Class 2A1 0.24%, 09/26/2037—144A * | 2,432 | 2,131 | ||||||
Series 2012-RR2, Class 1A1 0.41%, 08/26/2036—144A * | 1,595 | 1,479 | ||||||
Series 2012-RR3, Class 2A5 4.93%, 05/26/2037—144A | 2,000 | 1,940 | ||||||
Bear Stearns Adjustable Rate Mortgage Trust | 208 | 208 | ||||||
Series 2004-2, Class 14A 5.09%, 05/25/2034 * | 268 | 267 | ||||||
Series 2005-5, Class A1 2.22%, 08/25/2035 * | 368 | 355 | ||||||
Bear Stearns Alt-A Trust | 453 | 385 | ||||||
Bear Stearns Commercial Mortgage Securities | 1,000 | 1,074 | ||||||
Series 2006-PW11, Class A4 5.62%, 03/11/2039 * | 200 | 225 | ||||||
Bear Stearns Commercial Mortgage Securities, IO | 14,540 | 210 | ||||||
Chase Mortgage Finance Corp. | 261 | 264 | ||||||
Series 2004-S3, Class 2A5 5.50%, 03/25/2034 | 798 | 829 | ||||||
Series 2007-A1, Class 1A3 2.85%, 02/25/2037 * | 2,937 | 2,947 | ||||||
Series 2007-A1, Class 2A1 2.75%, 02/25/2037 * | 678 | 674 | ||||||
Series 2007-A1, Class 7A1 2.72%, 02/25/2037 * | 510 | 488 | ||||||
Series 2007-A1, Class 9A1 2.79%, 02/25/2037 * | 209 | 203 | ||||||
Series 2007-A2, Class 1A1 2.88%, 07/25/2037 * | 136 | 122 | ||||||
Series 2007-A2, Class 2A1 2.77%, 07/25/2037 * | 851 | 868 | ||||||
Chase Mortgage Finance Corp., PO | 65 | 65 | ||||||
Citicorp Mortgage Securities, Inc. | 753 | 787 | ||||||
Citigroup Commercial Mortgage Trust | 440 | 453 | ||||||
Series 2006-C5, Class A4 5.43%, 10/15/2049 | 500 | 568 | ||||||
Citigroup Mortgage Loan Trust, Inc. | 613 | 647 | ||||||
Series 2005-2, Class 2A11 5.50%, 05/25/2035 | 404 | 397 | ||||||
Series 2008-AR4, Class 1A1A 3.02%, 11/25/2038—144A * | 1,502 | 1,492 |
Principal (000’s) | Value (000’s) | |||||||
MORTGAGE-BACKED SECURITIES (continued) | ||||||||
Citigroup Mortgage Loan Trust, Inc. (continued) | $ | 964 | $ | 955 | ||||
Series 2009-11, Class 3A1 5.75%, 05/25/2037—144A * | 996 | 1,016 | ||||||
Series 2010-7, Class 10A1 2.61%, 02/25/2035—144A * | 427 | 426 | ||||||
Series 2010-8, Class 5A6 4.00%, 11/25/2036—144A | 8,662 | 8,892 | ||||||
Series 2010-8, Class 6A6 4.50%, 12/25/2036—144A | 7,419 | 7,649 | ||||||
Series 2011-3, Class 1A1 0.32%, 02/25/2047—144A * | 440 | 433 | ||||||
Series 2011-10, Class 4A1 0.43%, 02/25/2046—144A * | 1,341 | 1,272 | ||||||
Citigroup/Deutsche Bank Commercial Mortgage Trust, IO | 41,500 | 322 | ||||||
Commercial Mortgage Asset Trust | 1,000 | 1,065 | ||||||
Countrywide Alternative Loan Trust, PO | 135 | 100 | ||||||
Countrywide Home Loan Mortgage Pass- Through Trust | 35 | 35 | ||||||
Series 2003-39, Class A6 5.00%, 10/25/2033 | 771 | 763 | ||||||
Series 2003-50, Class A1 5.00%, 11/25/2018 | 501 | 514 | ||||||
Series 2003-J13, Class 1A7 5.25%, 01/25/2034 | 1,554 | 1,586 | ||||||
Series 2004-3, Class A4 5.75%, 04/25/2034 | 1,026 | 1,057 | ||||||
Series 2004-3, Class A26 5.50%, 04/25/2034 | 684 | 706 | ||||||
Series 2004-5, Class 1A4 5.50%, 06/25/2034 | 889 | 922 | ||||||
Series 2004-8, Class 2A1 4.50%, 06/25/2019 | 105 | 107 | ||||||
Series 2004-J4, Class 2A1 5.00%, 05/25/2019 | 222 | 228 | ||||||
Credit Suisse First Boston Mortgage | 352 | 356 | ||||||
Series 2003-27, Class 5A3 5.25%, 11/25/2033 | 777 | 800 | ||||||
Series 2003-27, Class 5A4 5.25%, 11/25/2033 | 523 | 541 | ||||||
Series 2003-29, Class 5A1 7.00%, 12/25/2033 | 278 | 297 | ||||||
Series 2003-29, Class 8A1 6.00%, 11/25/2018 | 132 | 136 | ||||||
Series 2003-AR15, Class 3A1 2.82%, 06/25/2033 * | 375 | 346 | ||||||
Series 2004-4, Class 2A4 5.50%, 09/25/2034 | 758 | 790 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 24 |
Transamerica Core Bond
(formerly, Transamerica JPMorgan Core Bond)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Principal (000’s) | Value (000’s) | |||||||
MORTGAGE-BACKED SECURITIES (continued) |
| |||||||
Credit Suisse First Boston Mortgage Securities Corp. (continued) | $ | 431 | $ | 441 | ||||
Series 2004-8, Class 1A4 5.50%, 12/25/2034 | 760 | $ | 799 | |||||
Series 2004-8, Class 3A5 5.50%, 12/25/2034 | 481 | 499 | ||||||
Series 2005-C3, Class AM 4.73%, 07/15/2037 | 400 | 423 | ||||||
Credit Suisse Mortgage Capital Certificates | 1,600 | 1,762 | ||||||
Series 2009-3R, Class 19A3 6.00%, 01/27/2038—144A | 389 | 391 | ||||||
Series 2010-16, Class A3 4.25%, 06/25/2050—144A * | 400 | 366 | ||||||
Series 2010-16, Class A4 4.25%, 06/25/2050—144A * | 1,000 | 790 | ||||||
Series 2010-1R, Class 5A1 5.00%, 01/27/2036—144A * | 518 | 535 | ||||||
Series 2010-11R, Class A1 1.24%, 06/28/2047—144A * | 231 | 230 | ||||||
Series 2010-12R, Class 14A1 2.72%, 09/26/2046—144A * | 520 | 516 | ||||||
Series 2010-15R, Class 7A1 4.65%, 10/26/2037—144A * | 210 | 205 | ||||||
Series 2010-17R, Class 1A1 2.55%, 06/26/2036—144A * | 375 | 360 | ||||||
Series 2011-1R, Class A1 1.24%, 02/27/2047—144A * | 1,309 | 1,289 | ||||||
Series 2011-6R, Class 3A1 2.76%, 07/28/2036—144A * | 775 | 730 | ||||||
Series 2011-7R, Class A1 1.49%, 08/28/2047—144A * | 1,820 | 1,787 | ||||||
Series 2011-9R, Class A1 2.24%, 03/27/2046—144A * | 3,473 | 3,451 | ||||||
Series 2011-16R, Class 7A3 3.50%, 12/27/2036—144A * | 863 | 850 | ||||||
Series 2012-3R, Class 1A1 3.25%, 07/27/2037—144A * | 1,953 | 1,968 | ||||||
CW Capital Cobalt, Ltd. | 600 | 657 | ||||||
CW Capital Cobalt, Ltd., IO | 27,584 | 743 | ||||||
DBRR Trust, IO | 6,000 | 102 | ||||||
Deutsche ALT-A Securities, Inc., Alternate Loan Trust | 285 | 293 | ||||||
Deutsche Mortgage Securities, Inc. | 273 | 264 | ||||||
Series 2010-RS2, Class A1 1.49%, 06/28/2047—144A * | 338 | 335 | ||||||
FDIC Structured Sale Guaranteed Notes | 1,187 | 1,234 |
Principal (000’s) | Value (000’s) | |||||||
MORTGAGE-BACKED SECURITIES (continued) |
| |||||||
First Horizon Asset Securities, Inc. | $ | 137 | $ | 138 | ||||
Series 2004-AR2, Class 2A1 2.64%, 05/25/2034 * | 813 | 781 | ||||||
Fontainebleau Miami Beach Trust | 1,146 | 1,157 | ||||||
GE Capital Commercial Mortgage Corp. | 1,000 | 1,027 | ||||||
GMAC Mortgage Corp., Loan Trust | ||||||||
Series 2003-AR1, Class A4 3.03%, 10/19/2033 * | 228 | 228 | ||||||
Series 2003-AR2, Class 2A4 2.99%, 12/19/2033 * | 1,240 | 1,228 | ||||||
Series 2004-J5, Class A7 6.50%, 01/25/2035 | 2,000 | 2,089 | ||||||
Series 2004-J6, Class 1A1 5.00%, 01/25/2020 | 222 | 227 | ||||||
Greenwich Capital Commercial Funding Corp. | 220 | 228 | ||||||
GS Mortgage Securities Corp. II | 1,000 | 1,078 | ||||||
GS Mortgage Securities Corp. II, IO | 11,299 | 242 | ||||||
GSMPS Mortgage Loan Trust | 1,561 | 1,223 | ||||||
GSMPS Mortgage Loan Trust, IO | 1,171 | 177 | ||||||
GSR Mortgage Loan Trust | 1,581 | 1,568 | ||||||
Series 2004-8F, Class 2A3 6.00%, 09/25/2034 | 1,684 | 1,761 | ||||||
Series 2005-5F, Class 8A3 0.74%, 06/25/2035 * | 240 | 227 | ||||||
Impac CMB Trust | 435 | 405 | ||||||
Impac Secured Assets CMN Owner Trust | 136 | 144 | ||||||
Series 2006-1, Class 2A1 0.59%, 05/25/2036 * | 960 | 880 | ||||||
Series 2006-2, Class 2A1 0.59%, 08/25/2036 * | 938 | 837 | ||||||
JPMorgan Chase Commercial Mortgage Securities Corp. | 1,000 | 1,048 | ||||||
Series 2004-CB9, Class A4 5.78%, 06/12/2041 * | 1,000 | 1,078 | ||||||
Series 2005-CB11, Class AJ 5.54%, 08/12/2037 * | 700 | 712 | ||||||
Series 2005-CB13, Class A4 5.46%, 01/12/2043 * | 385 | 421 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 25 |
Transamerica Core Bond
(formerly, Transamerica JPMorgan Core Bond)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Principal (000’s) | Value (000’s) | |||||||
MORTGAGE-BACKED SECURITIES (continued) |
| |||||||
JPMorgan Chase Commercial Mortgage | $ | 1,500 | $ | 1,687 | ||||
Series 2006-CB16, Class A4 5.55%, 05/12/2045 | 100 | 113 | ||||||
Series 2006-LDP9, Class A3SF 0.40%, 05/15/2047 * | 1,000 | 924 | ||||||
JPMorgan Chase Commercial Mortgage Securities Corp., IO | 54,664 | 367 | ||||||
JPMorgan Mortgage Trust | 165 | 161 | ||||||
Series 2004-A4, Class 1A1 2.76%, 09/25/2034 * | 217 | 218 | ||||||
Series 2004-S1, Class 1A7 5.00%, 09/25/2034 | 81 | 83 | ||||||
Series 2005-A1, Class 3A4 5.01%, 02/25/2035 * | 688 | 681 | ||||||
Series 2005-A1, Class 5A1 4.44%, 02/25/2035 * | 59 | 59 | ||||||
Series 2006-A2, Class 4A1 2.75%, 08/25/2034 * | 517 | 500 | ||||||
Series 2006-A2, Class 5A3 2.65%, 11/25/2033 * | 1,195 | 1,183 | ||||||
Series 2006-A3, Class 6A1 2.78%, 08/25/2034 * | 136 | 127 | ||||||
JPMorgan Re-REMIC | 435 | 433 | ||||||
Series 2010-4, Class 7A1 4.27%, 08/26/2035—144A * | 508 | 498 | ||||||
LB-UBS Commercial Mortgage Trust | 1,110 | 1,167 | ||||||
Series 2006-C1, Class A4 5.16%, 02/15/2031 | 150 | 167 | ||||||
Series 2006-C4, Class A4 6.07%, 06/15/2038 * | 400 | 456 | ||||||
LB-UBS Commercial Mortgage Trust, IO | 24,528 | 279 | ||||||
LVII Resecuritization Trust | 59 | 58 | ||||||
Series 2009-2, Class A5 2.96%, 09/27/2037—144A * | 2,000 | 1,998 | ||||||
Series 2009-3, Class M3 5.61%, 11/27/2037—144A * | 600 | 631 | ||||||
MASTR Adjustable Rate Mortgages Trust | 1,439 | 1,415 | ||||||
Series 2004-13, Class 3A6 2.72%, 11/21/2034 * | 88 | 88 | ||||||
Series 2004-13, Class 3A7 2.72%, 11/21/2034 * | 700 | 677 | ||||||
MASTR Alternative Loans Trust | 185 | 186 |
Principal (000’s) | Value (000’s) | |||||||
MORTGAGE-BACKED SECURITIES (continued) |
| |||||||
MASTR Alternative Loans Trust (continued) | $ | 218 | $ | 220 | ||||
MASTR Asset Securitization Trust | 112 | 115 | ||||||
Series 2003-3, Class 3A18 5.50%, 04/25/2033 | 329 | 340 | ||||||
Series 2003-11, Class 9A6 5.25%, 12/25/2033 | 1,088 | 1,141 | ||||||
Series 2004-P7, Class A6 5.50%, 12/27/2033—144A | 579 | 611 | ||||||
MASTR Resecuritization Trust, PO | 236 | 184 | ||||||
Merrill Lynch Mortgage Investors, Inc. | 192 | 194 | ||||||
Series 2003-A5, Class 2A6 2.51%, 08/25/2033 * | 194 | 192 | ||||||
Series 2004-A4, Class A2 2.63%, 08/25/2034 * | 298 | 288 | ||||||
Merrill Lynch Mortgage Trust | 500 | 493 | ||||||
Series 2006-C1, Class A4 5.85%, 05/12/2039 * | 730 | 826 | ||||||
Merrill Lynch/Countrywide Commercial | 16,155 | 195 | ||||||
MLCC Mortgage Investors, Inc. | 626 | 626 | ||||||
Series 2004-D, Class A2 1.47%, 09/25/2029 * | 422 | 389 | ||||||
Morgan Stanley Capital I | 2,500 | 2,647 | ||||||
Series 2006-T21, Class A4 5.16%, 10/12/2052 * | 200 | 221 | ||||||
Series 2007-T27, Class A4 5.82%, 06/11/2042 * | 200 | 232 | ||||||
Series 2011-C3, Class A3 4.05%, 07/15/2049 | 637 | 689 | ||||||
Morgan Stanley Capital I, IO | 39,645 | 557 | ||||||
Series 2006-T21, Class X 0.30%, 10/12/2052—144A * | 97,191 | 759 | ||||||
Series 2007-HQ11, Class X 0.40%, 02/12/2044—144A * | 69,776 | 505 | ||||||
Morgan Stanley Mortgage Loan Trust | 677 | 687 | ||||||
Morgan Stanley Re-REMIC Trust | 500 | 332 | ||||||
2.00%, 07/27/2049 | 2,513 | 2,501 | ||||||
Series 2009-IO, Class A1 3.00%, 07/17/2056—144A | 221 | 222 | ||||||
Series 2009-IO, Class A2 5.00%, 07/17/2056—144A ə | 2,500 | 2,560 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 26 |
Transamerica Core Bond
(formerly, Transamerica JPMorgan Core Bond)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Principal (000’s) | Value (000’s) | |||||||
MORTGAGE-BACKED SECURITIES (continued) |
| |||||||
Morgan Stanley Re-REMIC Trust (continued) | $ | 682 | $ | 681 | ||||
Series 2010-HQ4B, Class A7A 4.97%, 04/16/2040—144A | 1,400 | 1,481 | ||||||
Series 2011-IO, Class A 2.50%, 03/23/2051—144A | 2,022 | 2,032 | ||||||
NCUA Guaranteed Notes | 3,010 | 3,138 | ||||||
Series 2010-R3, Class 1A 0.80%, 12/08/2020 * | 900 | 903 | ||||||
Series 2010-R3, Class 3A 2.40%, 12/08/2020 | 411 | 421 | ||||||
Prime Mortgage Trust | 279 | 296 | ||||||
Prime Mortgage Trust, PO | 25 | 23 | ||||||
Provident Funding Mortgage Loan Trust | 555 | 544 | ||||||
RBSSP Resecuritization Trust | 604 | 642 | ||||||
Series 2010-9, Class 7A5 4.00%, 05/26/2037—144A * | 902 | 897 | ||||||
Residential Accredit Loans, Inc. | 155 | 157 | ||||||
Series 2003-QS13, Class A5 0.89%, 07/25/2033 * | 465 | 401 | ||||||
Series 2003-QS15, Class A7 5.50%, 08/25/2033 | 1,287 | 1,324 | ||||||
Series 2003-QS18, Class A1 5.00%, 09/25/2018 | 159 | 163 | ||||||
Series 2004-QS7, Class A4 5.50%, 05/25/2034 | 386 | 348 | ||||||
Residential Asset Mortgage Products, Inc. | 446 | 467 | ||||||
Residential Asset Securitization Trust | 80 | 81 | ||||||
Residential Funding Mortgage Securities I | 735 | 773 | ||||||
Series 2003-S20, Class 2A1 4.75%, 12/25/2018 | 125 | 127 | ||||||
Salomon Brothers Mortgage Securities VII, Inc. | 564 | 549 | ||||||
Series 2003-UP1, Class A 3.95%, 04/25/2032—144A * | 47 | 40 | ||||||
Sequoia Mortgage Trust | 725 | 632 | ||||||
Series 2004-11, Class A3 0.54%, 12/20/2034 * | 880 | 829 |
Principal (000’s) | Value (000’s) | |||||||
MORTGAGE-BACKED SECURITIES (continued) |
| |||||||
Sequoia Mortgage Trust (continued) | $ | 471 | $ | 362 | ||||
Springleaf Mortgage Loan Trust | 1,973 | 2,002 | ||||||
Series 2011-1A, Class A2 5.45%, 01/25/2058—144A * | 1,500 | 1,500 | ||||||
Series 2012-1A, Class A 2.67%, 09/25/2057—144A * | 818 | 816 | ||||||
Series 2012-1A, Class M3 6.00%, 09/25/2057—144A * | 1,000 | 905 | ||||||
Structured Adjustable Rate Mortgage Loan Trust | 800 | 788 | ||||||
Structured Asset Mortgage Investments, Inc. | 613 | 538 | ||||||
Structured Asset Securities Corp. | 110 | 105 | ||||||
Series 2003-32, Class 1A1 5.27%, 11/25/2033 * | 204 | 214 | ||||||
Series 2003-35, Class 3A1 0.74%, 12/25/2033 * | 457 | 441 | ||||||
Series 2003-33H, Class 1A1 5.50%, 10/25/2033 | 186 | 189 | ||||||
Series 2003-37A, Class 2A 5.03%, 12/25/2033 * | 251 | 250 | ||||||
Series 2004-5H, Class A4 5.54%, 12/25/2033 | 883 | 862 | ||||||
Series 2004-4XS, Class 1A5 5.49%, 02/25/2034 * | 721 | 729 | ||||||
Thornburg Mortgage Securities Trust | 520 | 498 | ||||||
Series 2004-1, Class II2A 1.91%, 03/25/2044 * | 234 | 217 | ||||||
TIAA Seasoned Commercial Mortgage Trust | 650 | 700 | ||||||
Vendee Mortgage Trust | 416 | 481 | ||||||
Series 1998-2, Class 1G 6.75%, 06/15/2028 | 734 | 849 | ||||||
Vericrest Opportunity Loan Transferee | 549 | 551 | ||||||
Series 2011-NL1A, Class A2 9.08%, 12/26/2050—144A * | 1,400 | 1,412 | ||||||
Series 2011-NL2A, Class A1 5.68%, 06/25/2051—144A * | 480 | 481 | ||||||
Series 2011-NL2A, Class A2 9.32%, 06/25/2051—144A * | 1,300 | 1,308 | ||||||
Series 2011-NL3A, Class A1 5.19%, 09/25/2051—144A * | 979 | 981 | ||||||
Series 2011-NL3A, Class A2 9.32%, 09/25/2051—144A * | 615 | 616 | ||||||
Series 2012-NL1A, Class A1 4.21%, 03/25/2049—144A * | 517 | 517 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 27 |
Transamerica Core Bond
(formerly, Transamerica JPMorgan Core Bond)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Principal | Value | |||||||
(000’s) | (000’s) | |||||||
MORTGAGE-BACKED SECURITIES (continued) |
| |||||||
VOLT LLC | $ | 4,000 | $ | 4,000 | ||||
Wachovia Bank Commercial Mortgage Trust | 1,500 | 1,573 | ||||||
Series 2004-C11, Class A5 5.22%, 01/15/2041 * | 1,118 | 1,198 | ||||||
Wachovia Bank Commercial Mortgage Trust, IO | 147,082 | 619 | ||||||
WaMu Mortgage Pass-Through Certificates | 1,022 | 1,018 | ||||||
Series 2003-AR7, Class A7 2.44%, 08/25/2033 * | 374 | 366 | ||||||
Series 2003-AR8, Class A 2.49%, 08/25/2033 * | 129 | 129 | ||||||
Series 2003-AR9, Class 1A6 2.46%, 09/25/2033 * | 645 | 648 | ||||||
Series 2003-S3, Class 1A4 5.50%, 06/25/2033 | 717 | 731 | ||||||
Series 2003-S4, Class 2A10 16.81%, 06/25/2033 * | 41 | 47 | ||||||
Series 2003-S8, Class A4 4.50%, 09/25/2018 | 133 | 134 | ||||||
Series 2003-S9, Class A8 5.25%, 10/25/2033 | 602 | 619 | ||||||
Series 2004-AR3, Class A1 2.59%, 06/25/2034 * | 88 | 88 | ||||||
Series 2004-AR3, Class A2 2.59%, 06/25/2034 * | 909 | 898 | ||||||
Series 2004-CB2, Class 7A 5.50%, 08/25/2019 | 487 | 508 | ||||||
Series 2004-CB3, Class 4A 6.00%, 10/25/2019 | 538 | 559 | ||||||
Series 2004-S1, Class 1A3 0.64%, 03/25/2034 * | 131 | 128 | ||||||
Series 2004-S2, Class 2A4 5.50%, 06/25/2034 | 618 | 632 | ||||||
Washington Mutual MSC Mortgage Pass- | 426 | 442 | ||||||
Series 2004-RA2, Class 2A 7.00%, 07/25/2033 | 175 | 185 | ||||||
Wells Fargo Mortgage Backed Securities Trust | 914 | 938 | ||||||
Series 2003-11, Class 2A1 4.75%, 10/25/2018 | 678 | 697 | ||||||
Series 2003-15, Class 1A1 4.75%, 12/25/2018 | 167 | 173 | ||||||
Series 2003-J, Class 2A5 4.43%, 10/25/2033 * | 17 | 17 | ||||||
Series 2003-K, Class 1A1 4.44%, 11/25/2033 * | 67 | 68 | ||||||
Series 2004-4, Class A9 5.50%, 05/25/2034 | 647 | 666 |
Principal | Value | |||||||
(000’s) | (000’s) | |||||||
MORTGAGE-BACKED SECURITIES (continued) |
| |||||||
Wells Fargo Mortgage Backed Securities Trust (continued) | ||||||||
Series 2004-7, Class 2A2 5.00%, 07/25/2019 | $ | 238 | $ | 246 | ||||
Series 2004-EE, Class 2A1 2.70%, 12/25/2034 * | 484 | 484 | ||||||
Series 2004-EE, Class 2A2 2.70%, 12/25/2034 * | 121 | 121 | ||||||
Series 2004-EE, Class 3A1 2.76%, 12/25/2034 * | 117 | 118 | ||||||
Series 2004-EE, Class 3A2 2.76%, 12/25/2034 * | 175 | 179 | ||||||
Series 2004-I, Class 1A1 2.70%, 07/25/2034 * | 1,535 | 1,512 | ||||||
Series 2004-P, Class 2A1 2.67%, 09/25/2034 * | 2,706 | 2,700 | ||||||
Series 2004-R, Class 2A1 2.63%, 09/25/2034 * | 1,413 | 1,411 | ||||||
Series 2004-U, Class A1 2.72%, 10/25/2034 * | 1,579 | 1,572 | ||||||
Series 2004-V, Class 1A1 2.70%, 10/25/2034 * | 286 | 282 | ||||||
Series 2004-V, Class 1A2 2.70%, 10/25/2034 * | 128 | 127 | ||||||
Series 2004-W, Class A9 2.61%, 11/25/2034 * | 404 | 403 | ||||||
Series 2005-1, Class 2A1 5.00%, 01/25/2020 | 283 | 290 | ||||||
Series 2005-13, Class A1 5.00%, 11/25/2020 | 167 | 175 | ||||||
Series 2005-AR8, Class 2A1 2.69%, 06/25/2035 * | 633 | 608 | ||||||
Series 2005-AR9, Class 2A1 2.67%, 10/25/2033 * | 245 | 242 | ||||||
Wells Fargo Mortgage Loan Trust | 937 | 929 | ||||||
WF-RBS Commercial Mortgage Trust | 550 | 598 | ||||||
|
| |||||||
Total Mortgage-Backed Securities (cost $224,222) |
| 226,308 | ||||||
|
| |||||||
ASSET-BACKED SECURITIES—3.3% |
| |||||||
AH Mortgage Advance Trust | 1,691 | 1,686 | ||||||
Series SART-1, Class A2 3.37%, 05/10/2043—144A | 4,434 | 4,442 | ||||||
Series SART-2, Class A1 3.27%, 09/15/2043—144A | 2,134 | 2,149 | ||||||
Series SART-2, Class B1 6.90%, 09/15/2043—144A | 800 | 808 | ||||||
Series SART-3, Class 1A1 2.98%, 03/13/2043—144A | 1,035 | 1,035 | ||||||
Series SART-3, Class 1A2 3.72%, 03/13/2044—144A | 1,969 | 1,974 | ||||||
Ally Auto Receivables Trust | 20 | 20 | ||||||
Series 2010-1, Class A3 1.45%, 05/15/2014 | 139 | 139 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 28 |
Transamerica Core Bond
(formerly, Transamerica JPMorgan Core Bond)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Principal | Value | |||||||
(000’s) | (000’s) | |||||||
ASSET-BACKED SECURITIES (continued) |
| |||||||
Ally Auto Receivables Trust (continued) | $ | 920 | $ | 924 | ||||
Series 2010-3, Class A4 1.55%, 08/17/2015 | 357 | 362 | ||||||
Series 2010-4, Class A3 0.91%, 11/17/2014 | 384 | 385 | ||||||
Series 2011-1, Class A3 1.38%, 01/15/2015 | 285 | 287 | ||||||
Series 2012-1, Class A3 0.93%, 02/16/2016 | 709 | 711 | ||||||
American Credit Acceptance Receivables Trust | 419 | 419 | ||||||
Series 2012-1, Class A2 3.04%, 10/15/2015—144A | 512 | 512 | ||||||
AmeriCredit Automobile Receivables Trust | 21 | 22 | ||||||
Series 2010-3, Class A3 1.14%, 04/08/2015 | 535 | 537 | ||||||
Series 2010-4, Class A2 0.96%, 05/08/2014 | 79 | 79 | ||||||
Series 2010-4, Class A3 1.27%, 04/08/2015 | 125 | 125 | ||||||
Series 2011-1, Class A2 0.84%, 06/09/2014 | 187 | 187 | ||||||
Series 2011-1, Class A3 1.39%, 09/08/2015 | 200 | 201 | ||||||
Series 2011-3, Class A2 0.84%, 11/10/2014 | 581 | 582 | ||||||
Series 2011-4, Class A2 0.92%, 03/09/2015 | 649 | 650 | ||||||
Series 2011-4, Class A3 1.17%, 05/09/2016 | 1,885 | 1,889 | ||||||
Series 2011-5, Class A3 1.55%, 07/08/2016 | 1,593 | 1,610 | ||||||
Series 2012-1, Class A2 0.91%, 10/08/2015 | 396 | 396 | ||||||
Arch Bay Asset-Backed Securities | 74 | 74 | ||||||
Asset Backed Funding Certificates | 715 | 709 | ||||||
Bank of America Auto Trust | 1 | 1 | ||||||
Series 2009-3A, Class A3 1.67%, 12/16/2013—144A | 12 | 12 | ||||||
Series 2010-2, Class A3 1.31%, 07/15/2014 | 150 | 150 | ||||||
Series 2010-1A, Class A3 1.39%, 03/15/2014—144A | 63 | 63 | ||||||
Series 2010-1A, Class A4 2.18%, 02/15/2017—144A | 185 | 188 | ||||||
Series 2010-2, Class A4 1.94%, 06/15/2017 | 510 | 518 | ||||||
BMW Vehicle Lease Trust | 311 | 311 |
Principal | Value | |||||||
(000’s) | (000’s) | |||||||
ASSET-BACKED SECURITIES (continued) |
| |||||||
CarMax Auto Owner Trust | $ | 98 | $ | 99 | ||||
Series 2011-1, Class A3 1.29%, 09/15/2015 | 630 | 634 | ||||||
Series 2011-1, Class A4 2.16%, 09/15/2016 | 530 | 546 | ||||||
Series 2011-3, Class A3 1.07%, 06/15/2016 | 1,552 | 1,562 | ||||||
Chase Funding Mortgage Loan Asset-Backed Certificates | 617 | 538 | ||||||
Series 2003-5, Class 1A4 4.40%, 02/25/2030 | 238 | 239 | ||||||
Series 2003-6, Class 1A4 4.50%, 11/25/2034 | 324 | 330 | ||||||
Series 2003-6, Class 1A5 5.35%, 11/25/2034 * | 500 | 439 | ||||||
Chrysler Financial Auto Securitization Trust | 935 | 936 | ||||||
Series 2010-A, Class B 1.65%, 11/08/2013 | 2,000 | 2,009 | ||||||
Citigroup Mortgage Loan Trust, Inc. | 779 | 714 | ||||||
CNH Equipment Trust | 63 | 63 | ||||||
Series 2010-C, Class A3 1.17%, 05/15/2015 | 379 | 381 | ||||||
Series 2011-A, Class A3 1.20%, 05/16/2016 | 350 | 352 | ||||||
Series 2011-A, Class A4 2.04%, 10/17/2016 | 267 | 275 | ||||||
CPS Auto Trust | 1,136 | 1,136 | ||||||
Series 2012-A, Class A 2.78%, 06/17/2019—144A | 380 | 381 | ||||||
Credit Acceptance Auto Loan Trust | 860 | 871 | ||||||
Ford Credit Auto Lease Trust | 1,510 | 1,510 | ||||||
Ford Credit Auto Owner Trust | 266 | 267 | ||||||
Series 2012-B, Class A3 0.72%, 12/15/2016 | 400 | 400 | ||||||
Fortress Opportunities Residential Transaction | 1,996 | 2,006 | ||||||
Freedom Trust | 476 | 467 | ||||||
GE Capital Credit Card Master Note Trust | 600 | 604 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 29 |
Transamerica Core Bond
(formerly, Transamerica JPMorgan Core Bond)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Principal (000’s) | Value (000’s) | |||||||
ASSET-BACKED SECURITIES (continued) |
| |||||||
HSBC Home Equity Loan Trust | $ | 80 | $ | 75 | ||||
Series 2006-1, Class A1 | 147 | 135 | ||||||
Series 2007-1, Class A2F | 122 | 123 | ||||||
Series 2007-1, Class AS | 159 | 136 | ||||||
Series 2007-3, Class APT | 112 | 101 | ||||||
Huntington Auto Trust | 2,400 | 2,402 | ||||||
Series 2011-1A, Class A3 | 2,000 | 2,010 | ||||||
Series 2011-1A, Class A4 | 1,500 | 1,513 | ||||||
Hyundai Auto Receivables Trust | 304 | 305 | ||||||
Series 2010-B, Class A4 | 375 | 382 | ||||||
Series 2011-A, Class A3 | 275 | 277 | ||||||
Series 2011-A, Class A4 | 310 | 316 | ||||||
Series 2011-B, Class A3 | 257 | 258 | ||||||
Series 2011-B, Class A4 | 288 | 293 | ||||||
John Deere Owner Trust | 335 | 337 | ||||||
Series 2011-A, Class A4 | 285 | 292 | ||||||
LAI Vehicle Lease Securitization Trust | 329 | 328 | ||||||
Lake Country Mortgage Loan Trust | 628 | 603 | ||||||
Madison Avenue Manufactured Housing Contract | 1,103 | 1,013 | ||||||
Mercedes-Benz Auto Receivables Trust | 142 | 143 | ||||||
Series 2011-1, Class A3 | 545 | 547 | ||||||
MMCA Automobile Trust | 2,000 | 2,029 | ||||||
Morgan Stanley ABS Capital I | 27 | 26 | ||||||
NCUA Guaranteed Notes | 240 | 240 |
Principal (000’s) | Value (000’s) | |||||||
ASSET-BACKED SECURITIES (continued) |
| |||||||
Newcastle Investment Trust | $ | 237 | $ | 240 | ||||
Nissan Auto Receivables Owner Trust | 432 | 433 | ||||||
Series 2010-A, Class A4 | 300 | 303 | ||||||
PennyMac Loan Trust | 103 | 103 | ||||||
Series 2011-NPL1, Class A | 1,308 | 1,311 | ||||||
Residential Asset Mortgage Products, Inc. | 315 | 313 | ||||||
Series 2004-RZ1, Class M1 | 571 | 367 | ||||||
Series 2005-EFC5, Class A3 | 600 | 515 | ||||||
Series 2006-RZ1, Class A3 | 1,000 | 857 | ||||||
Residential Asset Securities Corp. | 497 | 480 | ||||||
Residential Credit Solutions Trust | 861 | 861 | ||||||
Santander Drive Auto Receivables Trust | 400 | 403 | ||||||
Series 2010-A, Class A4 | 400 | 409 | ||||||
Series 2011-S2A, Class B | 151 | 151 | ||||||
Series 2011-S2A, Class D | 302 | 301 | ||||||
Series 2012-1, Class A2 | 1,124 | 1,127 | ||||||
Series 2012-1, Class A3 | 411 | 413 | ||||||
Saxon Asset Securities Trust | 297 | 297 | ||||||
Structured Asset Investment Loan Trust | 400 | 380 | ||||||
Structured Asset Securities Corp. | 272 | 248 | ||||||
Series 2004-6XS, Class A5A | 584 | 584 | ||||||
Series 2004-6XS, Class A5B | 584 | 585 | ||||||
Series 2005-NC1, Class A11 | 1,120 | 1,109 | ||||||
Toyota Auto Receivables Owner Trust | 61 | 61 | ||||||
Series 2011-A, Class A3 | 845 | 848 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 30 |
Transamerica Core Bond
(formerly, Transamerica JPMorgan Core Bond)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Principal (000’s) | Value (000’s) | |||||||
ASSET-BACKED SECURITIES (continued) |
| |||||||
USAA Auto Owner Trust | $ | 14 | $ | 14 | ||||
Series 2009-2, Class A4 | 115 | 117 | ||||||
Westgate Resorts LLC | 2,111 | 2,111 | ||||||
Westlake Automobile Receivables Trust | 83 | 83 | ||||||
Series 2011-1A, Class A3 | 303 | 304 | ||||||
World Omni Auto Receivables Trust | 275 | 279 | ||||||
|
| |||||||
Total Asset-Backed Securities (cost $70,092) |
| 70,407 | ||||||
|
| |||||||
MUNICIPAL GOVERNMENT OBLIGATIONS—0.2% |
| |||||||
American Municipal Power, Inc. | 640 | 843 | ||||||
New York State Dormitory Authority, Revenue Bond | 280 | 341 | ||||||
Ohio State University | 1,370 | 1,437 | ||||||
Port Authority of New York & New Jersey | 485 | 594 | ||||||
State of Illinois | 85 | 81 | ||||||
|
| |||||||
Total Municipal Government Obligations (cost $2,849) |
| 3,296 | ||||||
|
| |||||||
CORPORATE DEBT SECURITIES—15.8% |
| |||||||
Aerospace & Defense—0.1% | ||||||||
BAE Systems Holdings, Inc. | 380 | 416 | ||||||
BAE Systems PLC | 439 | 480 | ||||||
Lockheed Martin Corp. | 320 | 327 | ||||||
4.25%, 11/15/2019 ^ | 150 | 166 | ||||||
4.85%, 09/15/2041 | 190 | 199 | ||||||
5.72%, 06/01/2040 | 108 | 125 | ||||||
United Technologies Corp. | 250 | 345 | ||||||
Air Freight & Logistics—0.0% ¥ |
| |||||||
United Parcel Service of America, Inc. | 60 | 85 | ||||||
8.38%, 04/01/2030 * | 200 | 287 | ||||||
Airlines—0.1% | ||||||||
American Airlines Pass-Through Trust—Series 2011-1, Class A | 106 | 109 | ||||||
American Airlines Pass-Through Trust—Series 2011-2, Class A | 609 | 643 | ||||||
Continental Airlines Pass-Through Trust—Series 2007-1A, Class A | 274 | 297 | ||||||
Delta Air Lines, Inc., Pass-Through Trust—Series 2010-2, Class A | 267 | 286 |
Principal (000’s) | Value (000’s) | |||||||
Airlines (continued) |
| |||||||
Delta Air Lines, Inc., Pass-Through Trust—Series 2011-1, Class A | $ | 86 | $ | 90 | ||||
Auto Components—0.1% |
| |||||||
Johnson Controls, Inc. | 571 | 594 | ||||||
4.25%, 03/01/2021 | 335 | 361 | ||||||
5.25%, 12/01/2041 | 970 | 1,045 | ||||||
Automobiles—0.1% |
| |||||||
Daimler Finance North America LLC | 778 | 804 | ||||||
2.95%, 01/11/2017—144A | 1,100 | 1,147 | ||||||
6.50%, 11/15/2013 | 80 | 87 | ||||||
Volkswagen International Finance NV 1.63%, 08/12/2013—144A | 116 | 117 | ||||||
Beverages—0.1% |
| |||||||
Anheuser-Busch InBev Worldwide, Inc. | 136 | 138 | ||||||
7.75%, 01/15/2019 | 650 | 861 | ||||||
8.20%, 01/15/2039 | 240 | 379 | ||||||
Diageo Capital PLC | 90 | 105 | ||||||
5.75%, 10/23/2017 ^ | 230 | 278 | ||||||
Diageo Finance BV | 290 | 303 | ||||||
PepsiCo, Inc. | 250 | 258 | ||||||
7.90%, 11/01/2018 | 21 | 28 | ||||||
SABMiller Holdings, Inc. | 200 | 208 | ||||||
SABMiller PLC | 180 | 190 | ||||||
5.70%, 01/15/2014—144A | 330 | 356 | ||||||
Biotechnology—0.1% |
| |||||||
Amgen, Inc. | 400 | 409 | ||||||
3.88%, 11/15/2021 | 435 | 457 | ||||||
4.50%, 03/15/2020 ^ | 56 | 62 | ||||||
5.15%, 11/15/2041 | 1,075 | 1,121 | ||||||
5.65%, 06/15/2042 | 252 | 280 | ||||||
5.75%, 03/15/2040 | 165 | 186 | ||||||
Capital Markets—1.7% |
| |||||||
Bank of New York Mellon Corp. | 994 | 1,029 | ||||||
2.95%, 06/18/2015 ^ | 675 | 712 | ||||||
3.10%, 01/15/2015 ^ | 125 | 132 | ||||||
3.55%, 09/23/2021 ^ | 509 | 533 | ||||||
4.60%, 01/15/2020 | 40 | 45 | ||||||
5.45%, 05/15/2019 | 200 | 233 | ||||||
BlackRock, Inc. | 635 | 772 | ||||||
BP Capital Markets PLC | 675 | 723 | ||||||
4.74%, 03/11/2021 ^ | 100 | 114 | ||||||
Charles Schwab Corp. | 100 | 108 | ||||||
Credit Suisse | 316 | 333 | ||||||
5.30%, 08/13/2019 ^ | 1,200 | 1,339 | ||||||
5.40%, 01/14/2020 | 200 | 206 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 31 |
Transamerica Core Bond
(formerly, Transamerica JPMorgan Core Bond)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Principal (000’s) | Value (000’s) | |||||||
Capital Markets (continued) |
| |||||||
Credit Suisse (continued) | $ | 1,825 | $ | 1,971 | ||||
Credit Suisse USA, Inc. | 170 | 187 | ||||||
Deutsche Bank AG | 250 | 252 | ||||||
3.25%, 01/11/2016 ^ | 400 | 411 | ||||||
3.88%, 08/18/2014 ^ | 100 | 105 | ||||||
6.00%, 09/01/2017 | 190 | 216 | ||||||
Goldman Sachs Group, Inc. | 255 | 256 | ||||||
3.70%, 08/01/2015 | 308 | 313 | ||||||
5.25%, 10/15/2013 - 07/27/2021 | 691 | 707 | ||||||
5.38%, 03/15/2020 | 390 | 405 | ||||||
6.00%, 06/15/2020 | 2,047 | 2,190 | ||||||
6.15%, 04/01/2018 | 200 | 218 | ||||||
6.25%, 09/01/2017 | 650 | 707 | ||||||
6.75%, 10/01/2037 | 200 | 198 | ||||||
7.50%, 02/15/2019 | 4,875 | 5,639 | ||||||
Jefferies Group, Inc. | 171 | 168 | ||||||
6.25%, 01/15/2036 | 260 | 227 | ||||||
6.45%, 06/08/2027 | 180 | 171 | ||||||
8.50%, 07/15/2019 | 1,720 | 1,901 | ||||||
Macquarie Group, Ltd. | 450 | 449 | ||||||
6.25%, 01/14/2021—144A | 525 | 532 | ||||||
7.30%, 08/01/2014—144A | 700 | 747 | ||||||
7.63%, 08/13/2019—144A | 1,000 | 1,077 | ||||||
Morgan Stanley | 333 | 331 | ||||||
4.20%, 11/20/2014 | 156 | 156 | ||||||
5.45%, 01/09/2017 | 500 | 508 | ||||||
5.63%, 09/23/2019 | 2,610 | 2,578 | ||||||
5.75%, 01/25/2021 | 400 | 395 | ||||||
5.95%, 12/28/2017 | 700 | 720 | ||||||
7.30%, 05/13/2019 | 1,800 | 1,932 | ||||||
Morgan Stanley—Series F | 170 | 173 | ||||||
6.25%, 08/28/2017 | 450 | 470 | ||||||
Morgan Stanley—Series MTN | 1,200 | 1,254 | ||||||
Nomura Holdings, Inc. | 200 | 205 | ||||||
5.00%, 03/04/2015 ^ | 350 | 366 | ||||||
6.70%, 03/04/2020 | 543 | 594 | ||||||
UBS AG | 250 | 252 | ||||||
3.88%, 01/15/2015 | 600 | 623 | ||||||
4.88%, 08/04/2020 | 525 | 550 | ||||||
Chemicals—0.4% |
| |||||||
Dow Chemical Co. | 438 | 457 | ||||||
4.25%, 11/15/2020 | 174 | 185 | ||||||
5.25%, 11/15/2041 | 283 | 296 | ||||||
7.60%, 05/15/2014 | 640 | 720 | ||||||
8.55%, 05/15/2019 | 456 | 605 | ||||||
E.I. du Pont de Nemours & Co. | 173 | 179 |
Principal (000’s) | Value (000’s) | |||||||
Chemicals (continued) |
| |||||||
E.I. du Pont de Nemours & Co. (continued) | $ | 125 | $ | 138 | ||||
5.60%, 12/15/2036 | 550 | 664 | ||||||
Ecolab, Inc. | 570 | 655 | ||||||
Mosaic Co. | 209 | 218 | ||||||
4.88%, 11/15/2041 | 253 | 264 | ||||||
Potash Corp. of Saskatchewan, Inc. | 260 | 325 | ||||||
PPG Industries, Inc. | 120 | 125 | ||||||
6.65%, 03/15/2018 | 470 | 580 | ||||||
7.40%, 08/15/2019 | 300 | 370 | ||||||
9.00%, 05/01/2021 | 310 | 418 | ||||||
Praxair, Inc. | 375 | 401 | ||||||
5.20%, 03/15/2017 | 150 | 176 | ||||||
Union Carbide Corp. | 400 | 476 | ||||||
7.75%, 10/01/2096 | 210 | 230 | ||||||
Commercial Banks—2.4% |
| |||||||
ANZ National International, Ltd. | 105 | 106 | ||||||
Australia & New Zealand Banking Group, Ltd. | 997 | 1,017 | ||||||
3.25%, 03/01/2016—144A ^ | 130 | 135 | ||||||
4.88%, 01/12/2021—144A ^ | 137 | 152 | ||||||
Bank of Montreal | 642 | 651 | ||||||
Bank of Nova Scotia | 359 | 366 | ||||||
2.55%, 01/12/2017 ^ | 855 | 888 | ||||||
3.40%, 01/22/2015 | 405 | 429 | ||||||
Bank of Tokyo-Mitsubishi UFJ, Ltd. | 785 | 796 | ||||||
3.85%, 01/22/2015—144A | 227 | 241 | ||||||
Barclays Bank PLC | 150 | 151 | ||||||
2.50%, 09/21/2015—144A ^ | 510 | 523 | ||||||
2.75%, 02/23/2015 | 950 | 958 | ||||||
3.90%, 04/07/2015 ^ | 170 | 177 | ||||||
5.00%, 09/22/2016 ^ | 100 | 108 | ||||||
5.13%, 01/08/2020 | 350 | 369 | ||||||
5.20%, 07/10/2014 | 125 | 132 | ||||||
6.75%, 05/22/2019 ^ | 400 | 461 | ||||||
BB&T Corp. | 220 | 228 | ||||||
3.85%, 07/27/2012 | 265 | 267 | ||||||
3.95%, 04/29/2016 | 515 | 561 | ||||||
4.90%, 06/30/2017 | 550 | 607 | ||||||
5.20%, 12/23/2015 | 250 | 278 | ||||||
5.25%, 11/01/2019 ^ | 90 | 100 | ||||||
5.70%, 04/30/2014 | 195 | 213 | ||||||
6.85%, 04/30/2019 | 250 | 313 | ||||||
Canadian Imperial Bank of Commerce | 1,750 | 1,841 | ||||||
Comerica, Inc. | 150 | 156 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 32 |
Transamerica Core Bond
(formerly, Transamerica JPMorgan Core Bond)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Principal (000’s) | Value (000’s) | |||||||
Commercial Banks (continued) |
| |||||||
Commonwealth Bank of Australia | $ | 530 | $ | 536 | ||||
Cooperatieve Centrale Raiffeisen- | 205 | 212 | ||||||
4.50%, 01/11/2021 | 300 | 314 | ||||||
5.80%, 09/30/2110—144A | 300 | 300 | ||||||
DNB Boligkreditt AS | 1,057 | 1,077 | ||||||
HSBC Bank PLC | 1,437 | 1,439 | ||||||
3.10%, 05/24/2016—144A | 262 | 271 | ||||||
3.50%, 06/28/2015—144A | 1,175 | 1,226 | ||||||
4.13%, 08/12/2020—144A | 275 | 284 | ||||||
HSBC Holdings PLC | 1,520 | 1,639 | ||||||
5.10%, 04/05/2021 | 911 | 1,003 | ||||||
ING Bank NV | 943 | 932 | ||||||
KeyBank NA | 245 | 261 | ||||||
5.80%, 07/01/2014 | 250 | 271 | ||||||
M&T Bank Corp. | 80 | 80 | ||||||
Manufacturers & Traders Trust Co. | 300 | 300 | ||||||
6.63%, 12/04/2017 | 250 | 291 | ||||||
National Australia Bank, Ltd. | 400 | 405 | ||||||
2.75%, 09/28/2015—144A | 280 | 288 | ||||||
3.00%, 07/27/2016—144A ^ | 1,730 | 1,780 | ||||||
3.75%, 03/02/2015—144A | 280 | 295 | ||||||
National Bank of Canada | 271 | 276 | ||||||
National City Corp. | 165 | 181 | ||||||
Nordea Bank AB | 200 | 200 | ||||||
3.13%, 03/20/2017—144A ^ | 1,070 | 1,080 | ||||||
4.88%, 05/13/2021—144A ^ | 384 | 369 | ||||||
Oversea-Chinese Banking Corp., Ltd. | 598 | 600 | ||||||
PNC Bank NA | 1,600 | 1,924 | ||||||
PNC Funding Corp. | 720 | 749 | ||||||
3.00%, 05/19/2014 | 180 | 187 | ||||||
4.38%, 08/11/2020 | 433 | 477 | ||||||
5.13%, 02/08/2020 | 250 | 288 | ||||||
5.25%, 11/15/2015 | 130 | 144 | ||||||
5.63%, 02/01/2017 | 130 | 145 | ||||||
6.70%, 06/10/2019 ^ | 150 | 185 | ||||||
Rabobank Nederland NV | 105 | 106 | ||||||
3.20%, 03/11/2015—144A | 500 | 519 | ||||||
Royal Bank of Canada | 800 | 822 | ||||||
Stadshypotek AB | 1,394 | 1,408 |
Principal (000’s) | Value (000’s) | |||||||
Commercial Banks (continued) |
| |||||||
Svenska Handelsbanken AB | $ | 388 | $ | 399 | ||||
Toronto-Dominion Bank | 895 | 930 | ||||||
2.50%, 07/14/2016 ^ | 718 | 746 | ||||||
U.S. Bancorp | 540 | 561 | ||||||
2.88%, 11/20/2014 ^ | 121 | 127 | ||||||
3.00%, 03/15/2022 | 233 | 236 | ||||||
4.13%, 05/24/2021 | 133 | 147 | ||||||
7.50%, 06/01/2026 | 111 | 141 | ||||||
UBS AG | 110 | 122 | ||||||
Wachovia Bank NA | 450 | 426 | ||||||
5.00%, 08/15/2015 | 500 | 545 | ||||||
6.00%, 11/15/2017 | 3,100 | 3,613 | ||||||
Wachovia Corp. | 420 | 440 | ||||||
5.75%, 06/15/2017—02/01/2018 | 2,170 | 2,531 | ||||||
Wells Fargo & Co. | 995 | 1,028 | ||||||
3.68%, 06/15/2016 * | 390 | 418 | ||||||
5.63%, 12/11/2017 ^ | 550 | 645 | ||||||
Wells Fargo Bank NA—Series AI | 2,000 | 2,153 | ||||||
Westpac Banking Corp. | 600 | 613 | ||||||
4.88%, 11/19/2019 ^ | 750 | 816 | ||||||
Commercial Services & Supplies—0.1% |
| |||||||
ERAC USA Finance LLC | 257 | 259 | ||||||
2.75%, 03/15/2017—144A | 65 | 65 | ||||||
4.50%, 08/16/2021—144A | 175 | 183 | ||||||
5.63%, 03/15/2042—144A | 450 | 443 | ||||||
Pitney Bowes, Inc. | 350 | 372 | ||||||
5.00%, 03/15/2015 ^ | 250 | 266 | ||||||
5.60%, 03/15/2018 | 100 | 105 | ||||||
Waste Management, Inc. | 319 | 360 | ||||||
Communications Equipment—0.0% ¥ |
| |||||||
Cisco Systems, Inc. | 150 | 172 | ||||||
5.50%, 01/15/2040 | 250 | 301 | ||||||
5.90%, 02/15/2039 | 100 | 124 | ||||||
Computers & Peripherals—0.1% |
| |||||||
Dell, Inc. | 371 | 396 | ||||||
5.65%, 04/15/2018 | 90 | 106 | ||||||
Hewlett-Packard Co. | 225 | 225 | ||||||
4.05%, 09/15/2022 ^ | 97 | 98 | ||||||
4.30%, 06/01/2021 | 200 | 206 | ||||||
4.38%, 09/15/2021 | 312 | 324 | ||||||
6.00%, 09/15/2041 | 1,360 | 1,502 | ||||||
Construction & Engineering—0.0%¥ |
| |||||||
Fluor Corp. | 547 | 561 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 33 |
Transamerica Core Bond
(formerly, Transamerica JPMorgan Core Bond)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Principal (000’s) | Value (000’s) | |||||||
Construction Materials—0.0% ¥ |
| |||||||
CRH America, Inc. | $ | 221 | $ | 243 | ||||
Consumer Finance—0.6% | ||||||||
American Express Co. | 700 | 866 | ||||||
American Express Credit Corp. | 277 | 282 | ||||||
2.80%, 09/19/2016 | 1,617 | 1,676 | ||||||
5.13%, 08/25/2014 | 200 | 217 | ||||||
7.30%, 08/20/2013 | 200 | 216 | ||||||
American Express Credit Corp.—Series C | 300 | 315 | ||||||
Capital One Bank USA NA | 1,300 | 1,642 | ||||||
Capital One Financial Corp. | 400 | 403 | ||||||
4.75%, 07/15/2021 | 625 | 674 | ||||||
6.75%, 09/15/2017 | 730 | 875 | ||||||
7.38%, 05/23/2014 | 75 | 83 | ||||||
Caterpillar Financial Services Corp. | 100 | 130 | ||||||
Caterpillar Financial Services Corp.—Series F | 150 | 180 | ||||||
7.05%, 10/01/2018 | 150 | 192 | ||||||
HSBC Finance Corp. | 165 | 171 | ||||||
5.00%, 06/30/2015 | 455 | 488 | ||||||
5.50%, 01/19/2016 | 260 | 282 | ||||||
John Deere Capital Corp. | 333 | 336 | ||||||
2.75%, 03/15/2022 ^ | 153 | 153 | ||||||
3.15%, 10/15/2021 ^ | 290 | 301 | ||||||
5.75%, 09/10/2018 ^ | 100 | 122 | ||||||
PACCAR Financial Corp. | 497 | 505 | ||||||
1.60%, 03/15/2017 | 197 | 197 | ||||||
Toyota Motor Credit Corp. | 1,675 | 1,717 | ||||||
3.20%, 06/17/2015 | 385 | 410 | ||||||
Diversified Financial Services—2.3% |
| |||||||
Allstate Life Global Funding Trust | 200 | 209 | ||||||
American Honda Finance Corp. | 902 | 933 | ||||||
7.63%, 10/01/2018—144A | 300 | 383 | ||||||
Aon Corp. | 235 | 243 | ||||||
3.50%, 09/30/2015 | 46 | 48 | ||||||
6.25%, 09/30/2040 | 83 | 101 | ||||||
ASIF Global Financing XIX | 2,236 | 2,267 | ||||||
Associates Corp. | 3,010 | 3,408 | ||||||
Bank of America Corp. | 533 | 532 | ||||||
5.00%, 05/13/2021 | 75 | 75 | ||||||
5.63%, 07/01/2020 | 3,840 | 3,970 | ||||||
5.75%, 12/01/2017 | 220 | 233 | ||||||
5.88%, 02/07/2042 | 400 | 395 | ||||||
6.50%, 08/01/2016 | 500 | 547 |
Principal (000’s) | Value (000’s) | |||||||
Diversified Financial Services (continued) |
| |||||||
Bank of America Corp.—Series L | $ | 650 | $ | 704 | ||||
Bank of America Corp.—Series MTNL | 770 | 814 | ||||||
Blackstone Holdings Finance Co., LLC | 1,205 | 1,262 | ||||||
Caisse Centrale Desjardins du Quebec | 580 | 608 | ||||||
Citigroup, Inc. | 1,080 | 1,128 | ||||||
4.59%, 12/15/2015 | 485 | 508 | ||||||
4.75%, 05/19/2015 | 842 | 885 | ||||||
5.38%, 08/09/2020 | 355 | 381 | ||||||
6.00%, 12/13/2013—08/15/2017 | 1,870 | 2,059 | ||||||
6.01%, 01/15/2015 | 420 | 455 | ||||||
6.13%, 11/21/2017 | 345 | 383 | ||||||
6.38%, 08/12/2014 | 310 | 334 | ||||||
6.50%, 08/19/2013 | 110 | 116 | ||||||
6.88%, 03/05/2038 | 340 | 396 | ||||||
8.13%, 07/15/2039 | 100 | 130 | ||||||
8.50%, 05/22/2019 | 550 | 683 | ||||||
CME Group, Inc. | 196 | 213 | ||||||
Countrywide Financial Corp. | 550 | 570 | ||||||
FUEL Trust | 555 | 575 | ||||||
4.21%, 04/15/2016—144A | 401 | 419 | ||||||
General Electric Capital Corp. | 1,190 | 1,275 | ||||||
4.65%, 10/17/2021 | 1,300 | 1,413 | ||||||
5.40%, 02/15/2017 | 400 | 458 | ||||||
5.50%, 06/04/2014 ^ | 685 | 744 | ||||||
5.50%, 01/08/2020 | 1,140 | 1,303 | ||||||
5.63%, 09/15/2017—05/01/2018 | 6,213 | 7,186 | ||||||
6.00%, 08/07/2019 | 1,420 | 1,678 | ||||||
6.75%, 03/15/2032 | 485 | 591 | ||||||
Goldman Sachs Group, LP | 325 | 339 | ||||||
Macquarie Bank, Ltd. | 1,092 | 1,110 | ||||||
MassMutual Global Funding II | 370 | 372 | ||||||
2.88%, 04/21/2014—144A | 100 | 103 | ||||||
3.63%, 07/16/2012—144A | 600 | 603 | ||||||
Merrill Lynch & Co., Inc. | 650 | 679 | ||||||
5.45%, 02/05/2013 | 390 | 401 | ||||||
6.88%, 04/25/2018 | 600 | 669 | ||||||
Merrill Lynch & Co., Inc.—Series C | 2,325 | 2,514 | ||||||
National Rural Utilities Cooperative Finance Corp. | 25 | 25 | ||||||
10.38%, 11/01/2018 | 250 | 367 | ||||||
Tyco International Finance SA | 100 | 131 | ||||||
Diversified Telecommunication Services—1.0% |
| |||||||
AT&T Corp. | 27 | 39 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 34 |
Transamerica Core Bond
(formerly, Transamerica JPMorgan Core Bond)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Principal (000’s) | Value (000’s) | |||||||
Diversified Telecommunication Services (continued) |
| |||||||
AT&T, Inc. | $ | 1,200 | $ | 1,346 | ||||
4.85%, 02/15/2014 | 400 | 429 | ||||||
5.35%, 09/01/2040 | 898 | 982 | ||||||
5.50%, 02/01/2018 | 300 | 354 | ||||||
5.80%, 02/15/2019 | 1,300 | 1,563 | ||||||
6.30%, 01/15/2038 | 500 | 599 | ||||||
Bellsouth Capital Funding Corp. | 335 | 407 | ||||||
BellSouth Corp. | 500 | 578 | ||||||
6.88%, 10/15/2031 | 270 | 330 | ||||||
BellSouth Telecommunications, Inc. | 124 | 131 | ||||||
7.00%, 10/01/2025 | 300 | 369 | ||||||
British Telecommunications PLC | 200 | 234 | ||||||
9.63%, 12/15/2030 | 180 | 268 | ||||||
Centel Capital Corp. | 450 | 525 | ||||||
CenturyLink, Inc. | 540 | 562 | ||||||
7.60%, 09/15/2039 | 360 | 342 | ||||||
Deutsche Telekom International Finance BV | 395 | 464 | ||||||
8.75%, 06/15/2030 | 330 | 454 | ||||||
France Telecom SA | 350 | 359 | ||||||
8.50%, 03/01/2031 | 430 | 588 | ||||||
GTE Corp. | 1,792 | 2,211 | ||||||
8.75%, 11/01/2021 | 250 | 350 | ||||||
GTP Acquisition Partners I LLC | 758 | 783 | ||||||
Qwest Corp. | 1,296 | 1,460 | ||||||
Telecom Italia Capital SA | 250 | 253 | ||||||
6.18%, 06/18/2014 | 281 | 290 | ||||||
7.00%, 06/04/2018 | 250 | 262 | ||||||
Telefonica Emisiones SAU | 91 | 86 | ||||||
6.22%, 07/03/2017 | 650 | 663 | ||||||
6.42%, 06/20/2016 | 380 | 391 | ||||||
Verizon Communications, Inc. | 200 | 210 | ||||||
6.10%, 04/15/2018 | 411 | 499 | ||||||
8.75%, 11/01/2018 ^ | 1,000 | 1,366 | ||||||
8.95%, 03/01/2039 | 520 | 824 | ||||||
Verizon Global Funding Corp. | 175 | 207 | ||||||
7.75%, 12/01/2030 | 300 | 414 | ||||||
Verizon Maryland, Inc. | 600 | 630 | ||||||
Verizon Pennsylvania, Inc. | 240 | 306 | ||||||
Electric Utilities—1.0% |
| |||||||
AEP Texas Central Co. | 100 | 123 |
Principal (000’s) | Value (000’s) | |||||||
Electric Utilities (continued) |
| |||||||
Alabama Power Co. | $ | 77 | $ | 100 | ||||
Alabama Power Co.—Series S | 370 | 451 | ||||||
Appalachian Power Co. | 50 | 55 | ||||||
6.38%, 04/01/2036 | 200 | 243 | ||||||
6.70%, 08/15/2037 | 225 | 285 | ||||||
Arizona Public Service Co. | 121 | 123 | ||||||
5.05%, 09/01/2041 ^ | 303 | 336 | ||||||
Carolina Power & Light Co. | 610 | 627 | ||||||
5.30%, 01/15/2019 ^ | 80 | 96 | ||||||
CenterPoint Energy Houston Electric LLC—Series U | 100 | 111 | ||||||
Cleveland Electric Illuminating Co. | 180 | 226 | ||||||
8.88%, 11/15/2018 | 337 | 450 | ||||||
Comision Federal de Electricidad | 261 | 276 | ||||||
Consumers Energy Co. | 100 | 127 | ||||||
Duke Energy Carolinas LLC | 260 | 287 | ||||||
4.25%, 12/15/2041 | 264 | 274 | ||||||
4.30%, 06/15/2020 ^ | 156 | 177 | ||||||
6.45%, 10/15/2032 | 100 | 129 | ||||||
Duke Energy Corp. | 348 | 363 | ||||||
Duke Energy Indiana, Inc. | 200 | 217 | ||||||
Enel Finance International NV | 450 | 444 | ||||||
Florida Power & Light Co. | 112 | 132 | ||||||
5.95%, 10/01/2033 ^ | 425 | 543 | ||||||
Great Plains Energy, Inc. | 26 | 28 | ||||||
Indiana Michigan Power Co. | 338 | 420 | ||||||
Jersey Central Power & Light Co. | 330 | 418 | ||||||
John Sevier Combined Cycle Generation LLC | 503 | 544 | ||||||
Kansas City Power & Light Co. | 1,040 | 1,128 | ||||||
KCP&L Greater Missouri Operations Co. | 300 | 305 | ||||||
Massachusetts Electric Co. | 55 | 68 | ||||||
MidAmerican Energy Co. | 500 | 591 | ||||||
Nevada Power Co. | 52 | 61 | ||||||
5.45%, 05/15/2041 ^ | 400 | 475 | ||||||
6.50%, 08/01/2018 | 910 | 1,126 | ||||||
Nevada Power Co.—Series V | 100 | 128 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 35 |
Transamerica Core Bond
(formerly, Transamerica JPMorgan Core Bond)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Principal (000’s) | Value (000’s) | |||||||
Electric Utilities (continued) |
| |||||||
Niagara Mohawk Power Corp. | $ | 50 | $ | 56 | ||||
NiSource Finance Corp. | 1,119 | 1,217 | ||||||
6.80%, 01/15/2019 | 604 | 722 | ||||||
Northern States Power Co. | 19 | 23 | ||||||
6.25%, 06/01/2036 ^ | 100 | 135 | ||||||
Oncor Electric Delivery Co., LLC | 775 | 921 | ||||||
7.00%, 09/01/2022 | 175 | 214 | ||||||
Pacific Gas & Electric Co. | 159 | 165 | ||||||
4.45%, 04/15/2042 | 167 | 170 | ||||||
4.50%, 12/15/2041 | 540 | 553 | ||||||
5.40%, 01/15/2040 | 42 | 49 | ||||||
6.05%, 03/01/2034 | 60 | 74 | ||||||
8.25%, 10/15/2018 ^ | 395 | 532 | ||||||
PacifiCorp | 125 | 149 | ||||||
5.65%, 07/15/2018 | 100 | 120 | ||||||
6.25%, 10/15/2037 | 360 | 474 | ||||||
Pennsylvania Electric Co. | 150 | 172 | ||||||
PPL Energy Supply LLC | 460 | 476 | ||||||
Progress Energy, Inc. | 156 | 156 | ||||||
4.40%, 01/15/2021 ^ | 140 | 156 | ||||||
4.88%, 12/01/2019 | 200 | 228 | ||||||
6.00%, 12/01/2039 | 50 | 61 | ||||||
7.75%, 03/01/2031 | 150 | 208 | ||||||
Public Service Co., of Colorado | 56 | 59 | ||||||
Public Service Co., of Oklahoma | 133 | 152 | ||||||
Public Service Electric & Gas Co. | 150 | 158 | ||||||
5.38%, 11/01/2039 | 28 | 34 | ||||||
Southern California Edison Co. | 660 | 650 | ||||||
5.50%, 03/15/2040 ^ | 130 | 160 | ||||||
6.65%, 04/01/2029 | 300 | 397 | ||||||
Southern Co. | 254 | 260 | ||||||
Southwestern Public Service Co.—Series G | 405 | 547 | ||||||
Virginia Electric and Power Co. | 157 | 161 | ||||||
Wisconsin Electric Power Co. | 26 | 27 | ||||||
Electronic Equipment & Instruments—0.0% ¥ |
| |||||||
Arrow Electronics, Inc. | 75 | 78 | ||||||
6.00%, 04/01/2020 | 385 | 425 | ||||||
6.88%, 07/01/2013 | 160 | 170 | ||||||
6.88%, 06/01/2018 ^ | 92 | 107 | ||||||
Energy Equipment & Services—0.2% |
| |||||||
ANR Pipeline Co. | 200 | 297 |
Principal (000’s) | Value (000’s) | |||||||
Energy Equipment & Services (continued) |
| |||||||
Halliburton Co. | $ | 70 | $ | 86 | ||||
7.60%, 08/15/2096—144A | 160 | 222 | ||||||
Nabors Industries, Inc. | 205 | 239 | ||||||
Noble Holding International, Ltd. | 87 | 88 | ||||||
5.25%, 03/15/2042 | 253 | 255 | ||||||
Schlumberger Investment SA | 344 | 357 | ||||||
Spectra Energy Capital LLC | 325 | 382 | ||||||
7.50%, 09/15/2038 | 125 | 164 | ||||||
8.00%, 10/01/2019 ^ | 490 | 631 | ||||||
TransCanada PipeLines, Ltd. | 175 | 219 | ||||||
7.13%, 01/15/2019 | 400 | 513 | ||||||
Transocean, Inc. | 161 | 189 | ||||||
6.50%, 11/15/2020 | 500 | 574 | ||||||
7.35%, 12/15/2041 ^ | 124 | 152 | ||||||
7.50%, 04/15/2031 | 200 | 233 | ||||||
Weatherford International, Ltd. | 105 | 109 | ||||||
Food & Staples Retailing—0.1% |
| |||||||
CVS Caremark Corp. | 360 | 389 | ||||||
6.13%, 09/15/2039 | 150 | 181 | ||||||
CVS Pass-Through Trust | 663 | 739 | ||||||
Kroger Co. | 123 | 126 | ||||||
3.40%, 04/15/2022 ^ | 700 | 700 | ||||||
5.40%, 07/15/2040 | 51 | 54 | ||||||
6.15%, 01/15/2020 | 300 | 368 | ||||||
7.50%, 04/01/2031 | 100 | 127 | ||||||
8.00%, 09/15/2029 | 175 | 233 | ||||||
Food Products—0.3% |
| |||||||
Bunge, Ltd. Finance Corp. | 400 | 416 | ||||||
8.50%, 06/15/2019 | 310 | 386 | ||||||
Cargill, Inc. | 1,260 | 1,271 | ||||||
6.00%, 11/27/2017—144A | 220 | 263 | ||||||
7.35%, 03/06/2019—144A | 250 | 315 | ||||||
Kraft Foods, Inc. | 609 | 713 | ||||||
6.13%, 08/23/2018 | 225 | 272 | ||||||
6.50%, 08/11/2017—02/09/2040 | 2,016 | 2,478 | ||||||
Gas Utilities—0.2% |
| |||||||
AGL Capital Corp. | 601 | 614 | ||||||
4.45%, 04/15/2013 | 300 | 309 | ||||||
5.25%, 08/15/2019 | 100 | 115 | ||||||
5.88%, 03/15/2041 | 109 | 133 | ||||||
6.38%, 07/15/2016 | 300 | 348 | ||||||
Atmos Energy Corp. | 200 | 217 | ||||||
8.50%, 03/15/2019 | 44 | 58 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 36 |
Transamerica Core Bond
(formerly, Transamerica JPMorgan Core Bond)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Principal (000’s) | Value (000’s) | |||||||
Gas Utilities (continued) |
| |||||||
Boston Gas Co. | $ | 330 | $ | 343 | ||||
CenterPoint Energy Resources Corp. | 352 | 386 | ||||||
5.95%, 01/15/2014 | 150 | 161 | ||||||
6.13%, 11/01/2017 | 630 | 736 | ||||||
Health Care Providers & Services—0.1% |
| |||||||
Medco Health Solutions, Inc. | 140 | 144 | ||||||
7.13%, 03/15/2018 | 250 | 309 | ||||||
UnitedHealth Group, Inc. | 412 | 430 | ||||||
WellPoint, Inc. | 650 | 765 | ||||||
Household Durables—0.0% ¥ |
| |||||||
Newell Rubbermaid, Inc. | 183 | 198 | ||||||
Household Products—0.0% ¥ |
| |||||||
Kimberly-Clark Corp. | 68 | 67 | ||||||
Independent Power Producers & Energy Traders—0.2% |
| |||||||
Exelon Generation Co., LLC | 600 | 619 | ||||||
5.75%, 10/01/2041 | 86 | 96 | ||||||
6.20%, 10/01/2017 | 940 | 1,104 | ||||||
PSEG Power LLC | 417 | 440 | ||||||
5.13%, 04/15/2020 ^ | 151 | 170 | ||||||
5.32%, 09/15/2016 ^ | 800 | 899 | ||||||
5.50%, 12/01/2015 | 100 | 113 | ||||||
Southern Power Co. | 360 | 389 | ||||||
Industrial Conglomerates—0.1% |
| |||||||
Danaher Corp. | 261 | 291 | ||||||
Koninklijke Philips Electronics NV | 606 | 624 | ||||||
7.20%, 06/01/2026 | 500 | 660 | ||||||
Tyco International, Ltd. | 325 | 405 | ||||||
Insurance—1.1% |
| |||||||
ACE INA Holdings, Inc. | 425 | 479 | ||||||
Aflac, Inc. | 466 | 483 | ||||||
6.45%, 08/15/2040 | 108 | 124 | ||||||
8.50%, 05/15/2019 ^ | 235 | 311 | ||||||
AIG SunAmerica Global Financing X | 350 | 411 | ||||||
Allstate Corp. | 70 | 76 | ||||||
7.45%, 05/16/2019 ^ | 100 | 128 | ||||||
Berkshire Hathaway Finance Corp. | 187 | 195 | ||||||
5.40%, 05/15/2018 ^ | 2,000 | 2,364 | ||||||
5.75%, 01/15/2040 | 100 | 119 | ||||||
Berkshire Hathaway, Inc. | 727 | 769 | ||||||
CNA Financial Corp. | 200 | 216 | ||||||
5.88%, 08/15/2020 | 282 | 308 |
Principal (000’s) | Value (000’s) | |||||||
Insurance (continued) |
| |||||||
Jackson National Life Global Funding | $ | 1,400 | $ | 1,538 | ||||
5.38%, 05/08/2013—144A | 950 | 989 | ||||||
Lincoln National Corp. | 53 | 53 | ||||||
4.85%, 06/24/2021 | 58 | 61 | ||||||
Massachusetts Mutual Life Insurance Co. | 297 | 316 | ||||||
MetLife, Inc. | 580 | 688 | ||||||
MetLife Institutional Funding II | 230 | 231 | ||||||
Metropolitan Life Global Funding I | 2,400 | 2,438 | ||||||
2.50%, 01/11/2013—144A | 870 | 881 | ||||||
3.65%, 06/14/2018—144A | 520 | 547 | ||||||
3.88%, 04/11/2022—144A | 720 | 727 | ||||||
5.13%, 06/10/2014—144A | 300 | 324 | ||||||
Nationwide Mutual Insurance Co. | 260 | 257 | ||||||
9.38%, 08/15/2039—144A | 1,425 | 1,821 | ||||||
New York Life Global Funding | 420 | 423 | ||||||
3.00%, 05/04/2015—144A | 600 | 633 | ||||||
4.65%, 05/09/2013—144A | 150 | 156 | ||||||
Pacific Life Global Funding | 100 | 106 | ||||||
5.15%, 04/15/2013—144A | 280 | 291 | ||||||
Pacific Life Insurance Co. | 1,150 | 1,503 | ||||||
Principal Life Income Funding Trusts | 385 | 413 | ||||||
5.30%, 12/14/2012—04/24/2013 | 510 | 528 | ||||||
Prudential Insurance Co. of America | 900 | 1,203 | ||||||
Travelers Property Casualty Corp. | 450 | 611 | ||||||
Internet Software & Services—0.0% ¥ |
| |||||||
eBay, Inc. | 420 | 435 | ||||||
IT Services—0.1% |
| |||||||
HP Enterprise Services LLC | 500 | 612 | ||||||
International Business Machines Corp. | 315 | 314 | ||||||
1.95%, 07/22/2016 | 264 | 273 | ||||||
7.00%, 10/30/2025 | 508 | 697 | ||||||
8.00%, 10/15/2038 | 100 | 158 | ||||||
Machinery—0.0% ¥ |
| |||||||
Caterpillar, Inc. | 250 | 340 | ||||||
Eaton Corp. | 500 | 689 | ||||||
Media—0.8% |
| |||||||
CBS Corp. | 150 | 161 | ||||||
5.75%, 04/15/2020 | 63 | 73 | ||||||
7.88%, 07/30/2030 | 130 | 171 | ||||||
8.88%, 05/15/2019 | 100 | 133 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 37 |
Transamerica Core Bond
(formerly, Transamerica JPMorgan Core Bond)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Principal (000’s) | Value (000’s) | |||||||
Media (continued) |
| |||||||
Comcast Cable Communications LLC | $ | 250 | $ | 325 | ||||
Comcast Cable Holdings LLC | 414 | 607 | ||||||
Comcast Corp. | 300 | 346 | ||||||
6.45%, 03/15/2037 | 100 | 122 | ||||||
6.50%, 11/15/2035 | 100 | 122 | ||||||
7.05%, 03/15/2033 | 1,300 | 1,611 | ||||||
COX Communications, Inc. | 50 | 55 | ||||||
COX Enterprises, Inc. | 200 | 242 | ||||||
DIRECTV Holdings LLC / DIRECTV Financing Co., Inc. | 910 | 906 | ||||||
4.60%, 02/15/2021 | 400 | 428 | ||||||
6.00%, 08/15/2040 | 700 | 749 | ||||||
6.38%, 03/01/2041 | 240 | 269 | ||||||
Discovery Communications LLC | 344 | 375 | ||||||
Historic TW, Inc. | 200 | 276 | ||||||
NBCUniversal Media LLC | 1,000 | 1,090 | ||||||
5.95%, 04/01/2041 | 210 | 245 | ||||||
News America, Inc. | 250 | 281 | ||||||
6.65%, 11/15/2037 | 600 | 698 | ||||||
7.25%, 05/18/2018 | 155 | 188 | ||||||
7.30%, 04/30/2028 | 130 | 147 | ||||||
7.70%, 10/30/2025 | 300 | 370 | ||||||
8.88%, 04/26/2023 | 200 | 254 | ||||||
TCI Communications, Inc. | 100 | 125 | ||||||
8.75%, 08/01/2015 | 700 | 860 | ||||||
Thomson Reuters Corp. | 1,005 | 1,067 | ||||||
4.70%, 10/15/2019 ^ | 75 | 84 | ||||||
Time Warner Cable, Inc. | 388 | 409 | ||||||
6.55%, 05/01/2037 | 700 | 815 | ||||||
6.75%, 07/01/2018 | 40 | 49 | ||||||
7.30%, 07/01/2038 | 90 | 114 | ||||||
8.25%, 02/14/2014—04/01/2019 | 930 | 1,140 | ||||||
8.75%, 02/14/2019 | 380 | 502 | ||||||
Time Warner Entertainment Co., LP | 250 | 335 | ||||||
Time Warner, Inc. | 140 | 156 | ||||||
5.38%, 10/15/2041 ^ | 112 | 119 | ||||||
6.20%, 03/15/2040 ^ | 100 | 116 | ||||||
6.25%, 03/29/2041 | 87 | 101 | ||||||
7.63%, 04/15/2031 | 300 | 389 | ||||||
7.70%, 05/01/2032 | 100 | 131 | ||||||
Viacom, Inc. | 606 | 635 | ||||||
Metals & Mining—0.2% |
| |||||||
BHP Billiton Finance USA, Ltd. | 111 | 112 |
Principal (000’s) | Value (000’s) | |||||||
Metals & Mining (continued) |
| |||||||
BHP Billiton Finance USA, Ltd. (continued) | $ | 670 | $ | 693 | ||||
4.13%, 02/24/2042 | 300 | 294 | ||||||
6.50%, 04/01/2019 | 270 | 342 | ||||||
Placer Dome, Inc. | 399 | 469 | ||||||
Rio Tinto Finance USA, Ltd. | 80 | 83 | ||||||
3.75%, 09/20/2021 | 941 | 996 | ||||||
8.95%, 05/01/2014 | 400 | 461 | ||||||
Multiline Retail—0.1% |
| |||||||
Kohl’s Corp. | 262 | 276 | ||||||
Macy’s Retail Holdings, Inc. | 203 | 209 | ||||||
5.13%, 01/15/2042 | 100 | 101 | ||||||
6.90%, 04/01/2029 | 200 | 232 | ||||||
7.45%, 07/15/2017 | 240 | 293 | ||||||
Nordstrom, Inc. | 301 | 332 | ||||||
Target Corp. | 140 | 191 | ||||||
Multi-Utilities—0.2% |
| |||||||
CenterPoint Energy, Inc. | 180 | 214 | ||||||
Consolidated Edison Co., of New York, Inc. | 154 | 194 | ||||||
Dominion Resources, Inc. | 103 | 112 | ||||||
5.25%, 08/01/2033 | 500 | 563 | ||||||
6.00%, 11/30/2017 | 450 | 544 | ||||||
6.40%, 06/15/2018 | 170 | 210 | ||||||
San Diego Gas & Electric Co. | 376 | 382 | ||||||
Sempra Energy | 110 | 112 | ||||||
6.00%, 10/15/2039 | 150 | 186 | ||||||
8.90%, 11/15/2013 | 180 | 201 | ||||||
9.80%, 02/15/2019 | 764 | 1,060 | ||||||
Xcel Energy, Inc. | 50 | 57 | ||||||
4.80%, 09/15/2041 ^ | 116 | 124 | ||||||
Office Electronics—0.1% |
| |||||||
Xerox Corp. | 80 | 84 | ||||||
5.63%, 12/15/2019 | 535 | 604 | ||||||
6.75%, 02/01/2017 | 330 | 386 | ||||||
8.25%, 05/15/2014 | 90 | 102 | ||||||
Oil, Gas & Consumable Fuels—0.7% |
| |||||||
Alberta Energy Co., Ltd. | 500 | 588 | ||||||
Anadarko Finance Co.—Series B | 530 | 667 | ||||||
Anadarko Holding Co. | 52 | 60 | ||||||
Anadarko Petroleum Corp. | 400 | 444 | ||||||
8.70%, 03/15/2019 | 150 | 200 | ||||||
Apache Corp. | 152 | 157 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 38 |
Transamerica Core Bond
(formerly, Transamerica JPMorgan Core Bond)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Principal (000’s) | Value (000’s) | |||||||
Oil, Gas & Consumable Fuels (continued) |
| |||||||
Apache Corp. (continued) | $ | 268 | $ | 286 | ||||
6.90%, 09/15/2018 | 180 | 228 | ||||||
BG Energy Capital PLC | 200 | 223 | ||||||
Canadian Natural Resources, Ltd. | 150 | 186 | ||||||
ConocoPhillips | 105 | 132 | ||||||
6.65%, 07/15/2018 | 350 | 436 | ||||||
Devon Energy Corp. | 600 | 741 | ||||||
EnCana Corp. | 610 | 684 | ||||||
ENI SpA | 900 | 912 | ||||||
EOG Resources, Inc. | 300 | 330 | ||||||
Occidental Petroleum Corp. | 208 | 211 | ||||||
Petrobras International Finance Co. | 400 | 438 | ||||||
Petro-Canada | 100 | 108 | ||||||
6.05%, 05/15/2018 | 312 | 375 | ||||||
7.88%, 06/15/2026 | 100 | 140 | ||||||
Phillips 66 | 161 | 165 | ||||||
4.30%, 04/01/2022—144A | 130 | 136 | ||||||
Shell International Finance BV | 478 | 510 | ||||||
4.30%, 09/22/2019 | 300 | 344 | ||||||
4.38%, 03/25/2020 | 410 | 474 | ||||||
6.38%, 12/15/2038 | 100 | 136 | ||||||
Statoil ASA | 200 | 216 | ||||||
3.15%, 01/23/2022 | 313 | 322 | ||||||
4.25%, 11/23/2041 | 236 | 241 | ||||||
5.25%, 04/15/2019 | 1,130 | 1,346 | ||||||
Suncor Energy, Inc. | 400 | 464 | ||||||
6.10%, 06/01/2018 | 250 | 300 | ||||||
Talisman Energy, Inc. | 385 | 478 | ||||||
Tosco Corp. | 160 | 222 | ||||||
8.13%, 02/15/2030 | 230 | 334 | ||||||
Total Capital International SA | 688 | 687 | ||||||
Total Capital SA | 400 | 414 | ||||||
4.13%, 01/28/2021 ^ | 82 | 90 | ||||||
Pharmaceuticals—0.1% |
| |||||||
Pharmacia Corp. | 260 | 331 | ||||||
Teva Pharmaceutical Finance Co., BV | 830 | 860 | ||||||
Real Estate Investment Trusts—0.3% |
| |||||||
CommonWealth REIT | 400 | 413 |
Principal (000’s) | Value (000’s) | |||||||
Real Estate Investment Trusts (continued) |
| |||||||
CommonWealth REIT (continued) | $ | 400 | $ | 424 | ||||
6.65%, 01/15/2018 | 215 | 233 | ||||||
ERP Operating, LP | 479 | 511 | ||||||
5.25%, 09/15/2014 | 860 | 928 | ||||||
5.75%, 06/15/2017 ^ | 120 | 138 | ||||||
HCP, Inc. | 232 | 234 | ||||||
5.38%, 02/01/2021 ^ | 105 | 116 | ||||||
Simon Property Group, LP | 404 | 431 | ||||||
4.38%, 03/01/2021 | 210 | 228 | ||||||
5.65%, 02/01/2020 ^ | 247 | 288 | ||||||
6.13%, 05/30/2018 | 280 | 331 | ||||||
6.75%, 05/15/2014 | 50 | 55 | ||||||
10.35%, 04/01/2019 | 220 | 305 | ||||||
WEA Finance LLC | 260 | 309 | ||||||
WEA Finance LLC / WT Finance AUST Pty, Ltd. | 580 | 680 | ||||||
Road & Rail—0.3% |
| |||||||
Burlington Northern Santa Fe LLC | 176 | 183 | ||||||
3.60%, 09/01/2020 | 125 | 132 | ||||||
4.70%, 10/01/2019 | 75 | 85 | ||||||
5.40%, 06/01/2041 | 175 | 195 | ||||||
5.65%, 05/01/2017 | 387 | 456 | ||||||
5.75%, 03/15/2018—05/01/2040 | 1,000 | 1,180 | ||||||
7.29%, 06/01/2036 | 90 | 116 | ||||||
Canadian National Railway Co. | 180 | 216 | ||||||
CSX Corp. | 65 | 71 | ||||||
6.25%, 04/01/2015—03/15/2018 | 285 | 338 | ||||||
7.38%, 02/01/2019 | 350 | 446 | ||||||
7.90%, 05/01/2017 | 400 | 503 | ||||||
Norfolk Southern Corp. | 166 | 171 | ||||||
6.00%, 03/15/2105—05/23/2111 | 944 | 1,104 | ||||||
Ryder System, Inc. | 440 | 444 | ||||||
3.60%, 03/01/2016 | 132 | 139 | ||||||
Union Pacific Corp. | 306 | 336 | ||||||
5.78%, 07/15/2040 | 300 | 368 | ||||||
Semiconductors & Semiconductor Equipment—0.1% |
| |||||||
Intel Corp. | 586 | 619 | ||||||
4.80%, 10/01/2041 | 535 | 585 | ||||||
National Semiconductor Corp. | 500 | 545 | ||||||
6.60%, 06/15/2017 | 200 | 248 | ||||||
Software—0.1% |
| |||||||
Intuit, Inc. | 70 | 81 | ||||||
Microsoft Corp. | ||||||||
1.63%, 09/25/2015 | 390 | 403 | ||||||
4.50%, 10/01/2040 | 70 | 77 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 39 |
Transamerica Core Bond
(formerly, Transamerica JPMorgan Core Bond)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Principal (000’s) | Value (000’s) | |||||||
Software (continued) |
| |||||||
Oracle Corp. | $ | 100 | $ | 119 | ||||
5.38%, 07/15/2040 | 123 | 145 | ||||||
6.13%, 07/08/2039 | 731 | 936 | ||||||
6.50%, 04/15/2038 | 200 | 265 | ||||||
Specialty Retail—0.1% |
| |||||||
Gap, Inc. | 913 | 943 | ||||||
Lowe’s Cos., Inc. | 443 | 449 | ||||||
5.13%, 11/15/2041 | 189 | 202 | ||||||
5.50%, 10/15/2035 | 140 | 159 | ||||||
7.11%, 05/15/2037 | 120 | 158 | ||||||
Staples, Inc. | 80 | 91 | ||||||
Water Utilities—0.0% ¥ |
| |||||||
American Water Capital Corp. | 780 | 917 | ||||||
Wireless Telecommunication Services—0.1% |
| |||||||
America Movil SAB de CV | 421 | 430 | ||||||
Crown Castle Towers LLC | 290 | 295 | ||||||
Vodafone Group PLC | 470 | 467 | ||||||
5.45%, 06/10/2019 ^ | 75 | 90 | ||||||
|
| |||||||
Total Corporate Debt Securities (cost $318,353) |
| 334,652 | ||||||
|
|
Shares | Value (000’s) | |||||||
SECURITIES LENDING COLLATERAL—7.7% |
| |||||||
State Street Navigator Securities LendingTrust—Prime Portfolio, 0.29% p | 163,546,706 | $ | 163,547 | |||||
Total Securities Lending Collateral (cost $163,547) |
| |||||||
Principal (000’s) | Value (000’s) | |||||||
REPURCHASE AGREEMENT—3.9% |
| |||||||
State Street Bank & Trust Co. 0.03% p, dated 04/30/2012, to be repurchased at $83,814 on 05/01/2012. Collateralized by U.S. Government Agency Obligations, 3.00%, due 12/01/2026, and with a total value of $85,495. | $ | 83,814 | 83,814 | |||||
Total Repurchase Agreement (cost $83,814) |
| |||||||
|
| |||||||
Total Investment Securities (cost $2,200,380) P |
| 2,280,900 | ||||||
Other Assets and Liabilities—Net | (154,855 | ) | ||||||
|
| |||||||
Net Assets | $ | 2,126,045 | ||||||
|
|
NOTES TO SCHEDULE OF INVESTMENTS (all amounts in thousands):
^ | All or a portion of this security is on loan. The value of all securities on loan is $160,276. |
p | Rate shown reflects the yield at 04/30/2012. |
* | Floating or variable rate note. Rate is listed as of 04/30/2012. |
ə | Fair valued as determined in good faith in accordance with procedures established by the Board of Trustees. Total aggregate market value of fair valued securities is $2,662, or 0.13% of the fund’s net assets. |
¥ | Percentage rounds to less than 0.1%. |
P | Aggregate cost for federal income tax purposes is $2,200,380. Aggregate gross unrealized appreciation/depreciation for all securities in which there is an excess of value over tax cost were $85,833 and $5,313, respectively. Net unrealized appreciation for tax purposes is $80,520. |
DEFINITIONS (all amounts in thousands):
144A | 144A Securities are registered pursuant to Rule 144A of the Securities Act of 1933. These securities are deemed to be liquid for purposes of compliance limitations on holdings of illiquid securities and may be resold as transactions exempt from registration, normally to qualified institutional buyers. At 04/30/2012, these securities aggregated $199,516, or 9.38%, of the fund’s net assets. | |
IO | Interest Only | |
PO | Principal Only | |
REMIC | Real Estate Mortgage Investment Conduits (consist of a fixed pool of mortgages broken apart and marketed to investors as individual securities) | |
STRIPS | Separate Trading of Registered Interest and Principal of Securities |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 40 |
Transamerica Core Bond
(formerly, Transamerica JPMorgan Core Bond)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
VALUATION SUMMARY (all amounts in thousands): '
Investment Securities | Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Value at 04/30/2012 | ||||||||||||
Asset-Backed Securities | $ | — | $ | 70,407 | $ | — | $ | 70,407 | ||||||||
Corporate Debt Securities | — | 334,652 | — | 334,652 | ||||||||||||
Foreign Government Obligations | — | 34,705 | — | 34,705 | ||||||||||||
Mortgage-Backed Securities | — | 226,308 | — | 226,308 | ||||||||||||
Municipal Government Obligations | — | 3,296 | — | 3,296 | ||||||||||||
Repurchase Agreement | — | 83,814 | — | 83,814 | ||||||||||||
Securities Lending Collateral | 163,547 | — | — | 163,547 | ||||||||||||
U.S. Government Agency Obligations | — | 1,061,661 | — | 1,061,661 | ||||||||||||
U.S. Government Obligations | — | 302,510 | — | 302,510 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total | $ | 163,547 | $ | 2,117,353 | $ | — | $ | 2,280,900 | ||||||||
|
|
|
|
|
|
|
|
' | See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 41 |
Transamerica Developing Markets Debt
(formerly, Transamerica Morgan Stanley Emerging Markets Debt)
SCHEDULE OF INVESTMENTS
At April 30, 2012
(unaudited)
Principal (000’s) | Value (000’s) | |||||||
FOREIGN GOVERNMENT OBLIGATIONS—58.1% |
| |||||||
Argentina—1.6% |
| |||||||
Argentina Boden Bonds | $ | 4,864 | $ | 4,375 | ||||
Brazil—8.1% |
| |||||||
Banco Nacional de Desenvolvimento | 2,970 | 3,337 | ||||||
5.50%, 07/12/2020—Reg S ^ | 1,800 | 2,022 | ||||||
6.37%, 06/16/2018—144A ^ | 478 | 559 | ||||||
6.37%, 06/16/2018—Reg S | 1,300 | 1,519 | ||||||
Brazilian Government International Bond | 1,270 | 1,458 | ||||||
Republic of Brazil | 1,390 | 1,676 | ||||||
7.13%, 01/20/2037 | 3,677 | 5,175 | ||||||
8.00%, 01/15/2018 ^ | 1,221 | 1,456 | ||||||
8.88%, 10/14/2019 | 3,623 | 5,156 | ||||||
Chile—1.6% |
| |||||||
Republic of Chile | CLP | 2,104,500 | 4,513 | |||||
Colombia—3.6% |
| |||||||
Colombia Government International Bond | $ | 1,170 | 1,293 | |||||
6.13%, 01/18/2041 | 1,400 | 1,768 | ||||||
Republic of Colombia | 260 | 337 | ||||||
11.75%, 02/25/2020 | 2,160 | 3,461 | ||||||
12.00%, 10/22/2015 | COP | 4,200,000 | 2,978 | |||||
Croatia—0.6% |
| |||||||
Republic of Croatia | $ | 1,630 | 1,629 | |||||
Ecuador—0.8% |
| |||||||
Republic of Ecuador | 2,020 | 2,063 | ||||||
Ghana—0.2% |
| |||||||
Republic of Ghana | 486 | 553 | ||||||
Hungary—0.6% |
| |||||||
Hungary Government International Bond | 1,210 | 1,162 | ||||||
7.63%, 03/29/2041 | 540 | 512 | ||||||
Indonesia—1.8% |
| |||||||
Republic of Indonesia | 740 | 874 | ||||||
7.75%, 01/17/2038—144A | 584 | 791 | ||||||
7.75%, 01/17/2038—Reg S | 670 | 908 | ||||||
11.63%, 03/04/2019—Reg S | 1,600 | 2,360 | ||||||
Ireland—2.0% |
| |||||||
Vnesheconombank Via VEB Finance PLC—Reg S | 4,870 | 5,369 | ||||||
Lithuania—1.5% |
| |||||||
Lithuania Government International Bond | 990 | 1,109 | ||||||
Republic of Lithuania | 550 | 597 | ||||||
6.75%, 01/15/2015—144A | 710 | 769 | ||||||
7.38%, 02/11/2020—Reg S | 1,370 | 1,606 | ||||||
Malaysia—1.1% |
| |||||||
Republic of Malaysia | MYR | 9,280 | 3,072 |
Principal (000’s) | Value (000’s) | |||||||
Mexico—5.2% |
| |||||||
Mexico Government International Bond | $ | 3,100 | $ | 3,236 | ||||
United Mexican States | 750 | 936 | ||||||
6.75%, 09/27/2034 | 3,657 | 4,873 | ||||||
8.00%, 06/11/2020 | MXN | 59,340 | 5,155 | |||||
Panama—1.9% |
| |||||||
Republic of Panama | $ | 1,230 | 1,430 | |||||
8.88%, 09/30/2027 | 1,694 | 2,655 | ||||||
9.38%, 04/01/2029 | 700 | 1,145 | ||||||
Peru—1.8% |
| |||||||
Peruvian Government International Bond | 1,750 | 2,026 | ||||||
Republic of Peru | 10 | 14 | ||||||
8.75%, 11/21/2033 | 1,881 | 3,014 | ||||||
Philippines—4.6% |
| |||||||
Republic of The Philippines | 6,943 | 7,325 | ||||||
8.38%, 06/17/2019 | 1,841 | 2,457 | ||||||
9.50%, 02/02/2030 | 1,796 | 2,858 | ||||||
Poland—0.3% |
| |||||||
Poland Government International Bond | 860 | 920 | ||||||
Russian Federation—5.7% |
| |||||||
Russian Federation | 6,500 | 7,028 | ||||||
12.75%, 06/24/2028—Reg S | 3,470 | 6,282 | ||||||
Russian Foreign Bond—Eurobond | 2,200 | 2,329 | ||||||
South Africa—1.9% |
| |||||||
Eskom Holdings SOC, Ltd. | 3,754 | 4,036 | ||||||
5.75%, 01/26/2021—Reg S ^ | 1,110 | 1,193 | ||||||
Sri Lanka—0.3% |
| |||||||
Republic of Sri Lanka | 680 | 692 | ||||||
6.25%, 10/04/2020—Reg S | 100 | 102 | ||||||
Turkey—4.2% |
| |||||||
Export Credit Bank of Turkey | 865 | 876 | ||||||
Republic of Turkey | 2,000 | 2,140 | ||||||
6.88%, 03/17/2036 | 4,584 | 5,191 | ||||||
7.00%, 03/11/2019 | 2,420 | 2,807 | ||||||
8.00%, 02/14/2034 | 390 | 496 | ||||||
Ukraine—1.9% |
| |||||||
Republic of Ukraine | 862 | 793 | ||||||
7.75%, 09/23/2020—144A ^ | 1,780 | 1,611 | ||||||
7.75%, 09/23/2020—Reg S ^ | 3,120 | 2,824 | ||||||
Uruguay—0.5% |
| |||||||
Republic of Uruguay | 953 | 1,317 | ||||||
Venezuela—6.3% |
| |||||||
Republic of Venezuela | 1,940 | 1,494 | ||||||
7.65%, 04/21/2025 | 4,700 | 3,643 | ||||||
9.00%, 05/07/2023—Reg S | 2,110 | 1,836 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 42 |
Transamerica Developing Markets Debt
(formerly, Transamerica Morgan Stanley Emerging Markets Debt)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Principal (000’s) | Value (000’s) | |||||||
Venezuela (continued) |
| |||||||
Republic of Venezuela (continued) | $ | 11,607 | $ | 10,272 | ||||
|
| |||||||
Total Foreign Government Obligations (cost $142,338) |
| 159,463 | ||||||
|
| |||||||
CORPORATE DEBT SECURITIES—30.6% |
| |||||||
Brazil—1.9% |
| |||||||
Banco Safra Cayman Islands, Ltd. | 1,440 | 1,541 | ||||||
6.75%, 01/27/2021—Reg S ^ | 890 | 952 | ||||||
Centrais Eletricas Brasileiras SA | 2,450 | 2,664 | ||||||
Cayman Islands—1.0% |
| |||||||
Odebrecht Finance, Ltd. | 2,570 | 2,711 | ||||||
Chile—0.4% |
| |||||||
Banco Santander Chile | CLP538,000 | 1,079 | ||||||
Ireland—0.6% |
| |||||||
Vimpel Communications Via VIP FinanceIreland, Ltd. OJSC | $ | 1,480 | 1,473 | |||||
Kazakhstan—3.8% |
| |||||||
Development Bank of Kazakhstan JSC | 1,280 | 1,366 | ||||||
KazMunayGas National Co. | 2,550 | 2,839 | ||||||
6.38%, 04/09/2021—Reg S ^ | 1,960 | 2,182 | ||||||
9.13%, 07/02/2018—Reg S | 550 | 685 | ||||||
9.13%, 07/02/2018—144A | 2,870 | 3,577 | ||||||
Luxembourg—3.5% |
| |||||||
Russian Agricultural Bank OJSC Via RSHB Capital SA | 1,527 | 1,619 | ||||||
6.30%, 05/15/2017—Reg S | 1,500 | 1,590 | ||||||
7.18%, 05/16/2013—144A | 4,130 | 4,319 | ||||||
7.18%, 05/16/2013—Reg S | 450 | 471 | ||||||
7.75%, 05/29/2018—Reg S | 1,600 | 1,812 | ||||||
Mexico—6.1% |
| |||||||
Cemex SAB de CV | 2,020 | 1,889 | ||||||
9.00%, 01/11/2018—Reg S | 340 | 318 | ||||||
Petroleos Mexicanos | 2,080 | 2,218 | ||||||
5.50%, 01/21/2021 | 8,740 | 9,728 | ||||||
8.00%, 05/03/2019 | 2,097 | 2,663 | ||||||
Netherlands—3.4% |
| |||||||
Intergas Finance BV | 900 | 988 | ||||||
Majapahit Holding BV | 6,090 | 7,217 | ||||||
VimpelCom Holdings BV | 1,200 | 1,164 | ||||||
Turkey—0.3% |
| |||||||
Export Credit Bank of Turkey | 750 | 757 | ||||||
United States—3.3% |
| |||||||
Pemex Project Funding Master Trust | 5,173 | 6,071 | ||||||
8.63%, 12/01/2023 | 1,750 | 2,249 | ||||||
Reliance Holdings USA, Inc. | 850 | 796 |
Principal (000’s) | Value (000’s) | |||||||
Venezuela—6.3% |
| |||||||
Petroleos de Venezuela SA | 19,240 | $ | 17,171 | |||||
|
| |||||||
Total Corporate Debt Securities (cost $77,408) |
| 84,109 | ||||||
|
| |||||||
Shares | Value (000’s) | |||||||
SECURITIES LENDING COLLATERAL—11.7% |
| |||||||
State Street Navigator Securities Lending Trust—Prime Portfolio, 0.29% p | 32,103,094 | 32,103 | ||||||
Total Securities Lending Collateral (cost $32,103) |
| |||||||
Principal (000’s) | Value (000’s) | |||||||
REPURCHASE AGREEMENT—9.7% |
| |||||||
State Street Bank & Trust Co. 0.03% p, dated 04/30/2012, to be repurchased at $26,718 on 05/01/2012. Collateralized by a U.S. Government Agency Obligation, 3.00%, due 12/01/2026, and with a value of $27,257. | $ | 26,718 | 26,718 | |||||
Total Repurchase Agreement (cost $26,718) |
| |||||||
|
| |||||||
Total Investment Securities (cost $278,567) P |
| 302,393 | ||||||
Other Assets and Liabilities—Net | (27,768 | ) | ||||||
|
| |||||||
Net Assets | $ | 274,625 | ||||||
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 43 |
Transamerica Developing Markets Debt
(formerly, Transamerica Morgan Stanley Emerging Markets Debt)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
INVESTMENTS BY INDUSTRY: | Percentage of Total Investments | Value (000’s) | ||||||
Foreign Government Obligation | 52.7 | % | $ | 159,463 | ||||
Oil, Gas & Consumable Fuels | 16.6 | 50,179 | ||||||
Commercial Banks | 5.1 | 15,506 | ||||||
Electric Utilities | 3.3 | 9,881 | ||||||
Construction & Engineering | 0.9 | 2,711 | ||||||
Wireless Telecommunication Services | 0.9 | 2,637 | ||||||
Construction Materials | 0.7 | 2,207 | ||||||
Gas Utilities | 0.3 | 988 | ||||||
|
|
|
| |||||
Investment Securities, at Value | 80.5 | 243,572 | ||||||
Short-Term Investments | 19.5 | 58,821 | ||||||
|
|
|
| |||||
Total Investments | 100.0 | % | $ | 302,393 | ||||
|
|
|
|
FUTURES CONTRACTS: g
| ||||||||||||||||
Description | Type | Contracts | Expiration Date | Net Unrealized (Depreciation) (000’s) | ||||||||||||
10-Year U.S. Treasury Note | Short | (51 | ) | 06/20/2012 | $ | (24 | ) |
NOTES TO SCHEDULE OF INVESTMENTS (all amounts in thousands):
^ | All or a portion of this security is on loan. The value of all securities on loan is $31,456. |
p | Rate shown reflects the yield at 04/30/2012. |
P | Aggregate cost for federal income tax purposes is $278,567. Aggregate gross unrealized appreciation/depreciation for all securities in which there is an excess of value over tax cost were $24,656 and $830, respectively. Net unrealized appreciation for tax purposes is $23,826. |
g | Cash in the amount of $74 has been segregated as collateral with the broker to cover margin requirements for open futures contracts. |
DEFINITIONS (all amounts in thousands):
144A | 144A Securities are registered pursuant to Rule 144A of the Securities Act of 1933. These securities are deemed to be liquid for purposes of compliance limitations on holdings of illiquid securities and may be resold as transactions exempt from registration, normally to qualified institutional buyers. At 04/30/2012, these securities aggregated $48,695, or 17.73% of the fund’s net assets. |
JSC | Joint Stock Company |
OJSC | Open Joint Stock Company |
CURRENCY ABBREVIATIONS:
CLP | Chilean Peso |
COP | Columbian Peso |
MXN | Mexican Peso |
MYR | Malaysian Riggit |
VALUATION SUMMARY (all amounts in thousands): '
Investment Securities | Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Value at 04/30/2012 | ||||||||||||
Corporate Debt Securities | $ | — | $ | 84,109 | $ | — | $ | 84,109 | ||||||||
Foreign Government Obligations | — | 159,463 | — | 159,463 | ||||||||||||
Repurchase Agreement | — | 26,718 | — | 26,718 | ||||||||||||
Securities Lending Collateral | 32,103 | — | — | 32,103 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total | $ | 32,103 | $ | 270,290 | $ | — | $ | 302,393 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Other Financial Instruments ₣ | Level 1— Quoted Prices |
Level 2— | Level 3— Significant Unobservable Inputs | Value at 04/30/2012 | ||||||||||||
Futures Contracts—Depreciation | $ | (24 | ) | $ | — | $ | — | $ | (24 | ) |
' | See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
₣ | Other financial instruments are derivative instruments that are valued at unrealized appreciation (depreciation) on the instrument. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 44 |
Transamerica Developing Markets Equity
(formerly, Transamerica Oppenheimer Developing Markets)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Shares | Value (000’s) | |||||||
PREFERRED STOCKS—1.7% |
| |||||||
Brazil—1.2% |
| |||||||
Kroton Educacional SA , 0.00% ‡ə § | 2,769 | $ | 5 | |||||
Lojas Americanas SA , 0.60% p | 625,578 | 5,881 | ||||||
Colombia—0.5% |
| |||||||
Banco Davivienda SA , 2.12% p | 187,031 | 2,163 | ||||||
|
| |||||||
Total Preferred Stocks (cost $6,646) | 8,049 | |||||||
|
| |||||||
COMMON STOCKS—91.3% |
| |||||||
Belgium—0.1% |
| |||||||
Anheuser-Busch InBev NV ^ | 6,874 | 495 | ||||||
Brazil—7.8% |
| |||||||
B2W Cia Global Do Varejo ‡ | 226,316 | 965 | ||||||
BM&FBovespa SA | 1,394,746 | 7,845 | ||||||
Cia de Bebidas das Americas ADR ^ | 109,200 | 4,584 | ||||||
Embraer SA ADR ‡ ^ | 145,820 | 5,051 | ||||||
Estacio Participacoes SA | 198,000 | 2,472 | ||||||
Kroton Educacional SA ‡ ə § | 15,774 | 8 | ||||||
Kroton Educacional SA ‡ | 174,355 | 2,543 | ||||||
Natura Cosmeticos SA | 202,600 | 4,650 | ||||||
Petroleo Brasileiro SA—Class A ADR | 196,900 | 4,363 | ||||||
Vale SA—Class B ADR ^ | 202,680 | 4,384 | ||||||
Chile—0.3% |
| |||||||
Banco Santander Chile | 17,429,517 | 1,376 | ||||||
China—4.6% |
| |||||||
Ambow Education Holding, Ltd. ADR ‡ ^ | 43,740 | 309 | ||||||
Baidu, Inc. ADR ‡ | 67,920 | 9,013 | ||||||
Ctrip.com International, Ltd. ADR ‡ ^ | 247,020 | 5,353 | ||||||
Home Inns & Hotels Management, Inc. ADR ‡ ^ | 86,650 | 2,059 | ||||||
NetEase, Inc. ADR ‡ | 24,750 | 1,493 | ||||||
New Oriental Education & Technology Group ADR ‡ | 88,200 | 2,357 | ||||||
Shanghai Zhenhua Heavy Industries Co., Ltd. ‡ | 930,470 | 427 | ||||||
Youku, Inc. ADR ‡ ^ | 26,370 | 634 | ||||||
Colombia—1.3% |
| |||||||
Almacenes Exito SA | 238,103 | 3,864 | ||||||
BanColombia SA ADR | 34,600 | 2,347 | ||||||
Denmark—2.1% |
| |||||||
Carlsberg AS—Class B | 116,945 | 10,079 | ||||||
Egypt—0.7% |
| |||||||
Commercial International Bank Egypt SAE | 467,917 | 1,999 | ||||||
Eastern Tobacco | 19,966 | 298 | ||||||
Egyptian Financial Group-Hermes Holding ‡ | 447,344 | 992 | ||||||
Medinet Nasr Housing ‡ | 27,980 | 79 | ||||||
France—1.2% |
| |||||||
CFAO SA | 70,662 | 3,047 | ||||||
Technip SA | 2,490 | 282 | ||||||
Vallourec SA | 39,520 | 2,377 | ||||||
Hong Kong—10.5% |
| |||||||
AIA Group, Ltd. | 1,349,200 | 4,808 | ||||||
China Shenhua Energy Co., Ltd.—Class H ‡ | 1,067,000 | 4,738 | ||||||
CNOOC, Ltd. | 1,976,000 | 4,212 | ||||||
Hang Lung Group, Ltd. | 349,750 | 2,193 | ||||||
Hang Lung Properties, Ltd. | 1,024,549 | 3,797 | ||||||
Hengdeli Holdings, Ltd. | 72,000 | 29 | ||||||
Hong Kong Exchanges & Clearing, Ltd. ^ | 220,700 | 3,527 | ||||||
Prada SpA ‡ ^ | 665,300 | 4,519 | ||||||
Sun Art Retail Group, Ltd. ‡ ^ | 48,000 | 64 | ||||||
Tencent Holdings, Ltd. ^ | 295,800 | 9,303 | ||||||
Tingyi Cayman Islands Holding Corp. ^ | 2,315,000 | 6,191 | ||||||
Want Want China Holdings, Ltd. | 4,135,000 | 5,095 | ||||||
Wumart Stores, Inc. ^ | 391,000 | 901 |
Shares | Value (000’s) | |||||||
India—12.0% |
| |||||||
Asian Paints, Ltd. | 36,111 | $ | 2,406 | |||||
Cipla, Ltd. | 253,959 | 1,504 | ||||||
Colgate-Palmolive India, Ltd. | 133,417 | 2,810 | ||||||
Dabur India, Ltd. | 610,820 | 1,296 | ||||||
HDFC Bank, Ltd. ADR ^ | 194,220 | 6,668 | ||||||
Hindustan Unilever, Ltd. | 431,103 | 3,394 | ||||||
Housing Development Finance Corp. | 585,905 | 7,485 | ||||||
ICICI Bank, Ltd. ADR | 131,170 | 4,445 | ||||||
Infosys, Ltd. | 300,610 | 14,027 | ||||||
Marico, Ltd. | 611,952 | 2,075 | ||||||
Sun Pharmaceuticals Industries, Ltd. | 223,266 | 2,567 | ||||||
Tata Consultancy Services, Ltd. | 201,982 | 4,791 | ||||||
TV18 Broadcast, Ltd. ‡ | 322,898 | 165 | ||||||
Zee Entertainment Enterprises, Ltd. | 1,385,548 | 3,318 | ||||||
Indonesia—1.4% |
| |||||||
Astra International PT | 481,600 | 3,721 | ||||||
Kalbe Farma PT | 1,777,000 | 778 | ||||||
Unilever Indonesia PT | 1,081,500 | 2,336 | ||||||
Korea, Republic of—5.3% |
| |||||||
E-Mart Co., Ltd. | 26,405 | 6,274 | ||||||
MegaStudy Co., Ltd. | 9,887 | 922 | ||||||
NHN Corp. | 67,619 | 15,317 | ||||||
Shinsegae Co., Ltd. | 10,774 | 2,364 | ||||||
Luxembourg—1.1% |
| |||||||
Tenaris SA ADR ^ | 131,840 | 5,167 | ||||||
Malaysia—0.5% |
| |||||||
Genting Bhd | 686,900 | 2,347 | ||||||
Mexico—10.0% |
| |||||||
America Movil SAB de CV—Series L ADR | 658,300 | 17,544 | ||||||
Fomento Economico Mexicano SAB de CV ADR | 137,000 | 11,132 | ||||||
Fomento Economico Mexicano SAB de CV | 1,003,626 | 8,151 | ||||||
Grupo Financiero Inbursa SA—Class O | 1,044,627 | 2,298 | ||||||
Grupo Televisa SAB ADR | 183,050 | 4,022 | ||||||
Wal-Mart de Mexico SAB de CV—Series V | 1,342,606 | 3,839 | ||||||
Philippines—3.6% |
| |||||||
Jollibee Foods Corp. | 1,108,810 | 2,944 | ||||||
Philippine Long Distance Telephone Co. | 31,345 | 1,921 | ||||||
SM Investments Corp. | 200,040 | 3,312 | ||||||
SM Prime Holdings, Inc. | 22,176,170 | 8,772 | ||||||
Portugal—0.5% |
| |||||||
Galp Energia SGPS SA—Class B | 142,339 | 2,240 | ||||||
Russian Federation—2.3% |
| |||||||
Magnit OJSC ə | 86,416 | 10,881 | ||||||
Singapore—1.0% |
| |||||||
Dairy Farm International Holdings, Ltd. ^ | 154,942 | 1,607 | ||||||
Genting Singapore PLC ‡ ^ | 2,132,000 | 2,980 | ||||||
South Africa—3.8% |
| |||||||
Anglo American Platinum, Ltd. ^ | 54,348 | 3,524 | ||||||
Impala Platinum Holdings, Ltd. ^ | 259,124 | 5,043 | ||||||
MTN Group, Ltd. ^ | 375,465 | 6,564 | ||||||
Standard Bank Group, Ltd. | 195,125 | 2,880 | ||||||
Taiwan—3.5% |
| |||||||
Epistar Corp. | 1,180,500 | 2,870 | ||||||
HTC Corp. | 292,263 | 4,433 | ||||||
Synnex Technology International Corp. | 1,308,801 | 3,069 | ||||||
Taiwan Semiconductor Manufacturing Co., Ltd. | 2,014,459 | 5,986 | ||||||
Thailand—0.7% |
| |||||||
Siam Commercial Bank PCL | 667,500 | 3,267 | ||||||
Turkey—4.5% |
| |||||||
Akbank TAS | 496,313 | 1,843 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 45 |
Transamerica Developing Markets Equity
(formerly, Transamerica Oppenheimer Developing Markets)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Shares | Value (000’s) | |||||||
Turkey (continued) | ||||||||
Anadolu Efes Biracilik Ve Malt Sanayii AS | 269,435 | $ | 3,797 | |||||
BIM Birlesik Magazalar AS | 82,025 | 3,421 | ||||||
Enka Insaat ve Sanayi AS | 1,292,007 | 4,046 | ||||||
Haci OMER Sabanci Holding AS | 1,404,606 | 5,838 | ||||||
Turkiye Garanti Bankasi AS ‡ | 652,507 | 2,400 | ||||||
United Kingdom—8.6% | ||||||||
Anglo American PLC | 158,866 | 6,105 | ||||||
BG Group PLC | 105,360 | 2,480 | ||||||
Eurasia Drilling Co., Ltd. GDR | 84,470 | 2,407 | ||||||
Magnit OJSC GDR ^ | 77,970 | 2,283 | ||||||
Mail.ru Group, Ltd. GDR ‡ | 12,400 | 536 | ||||||
NovaTek OAO GDR | 56,500 | 7,181 | ||||||
SABMiller PLC | 169,590 | 7,124 | ||||||
Tullow Oil PLC | 333,790 | 8,311 | ||||||
Unilever PLC | 116,840 | 3,988 | ||||||
United States—3.9% | ||||||||
Almacenes Exito SA—144A GDR | 205,000 | 3,325 | ||||||
Cia Brasileira de Distribuicao Grupo Pao de Acucar—Class A ADR ^ | 140,040 | 6,586 | ||||||
Credicorp, Ltd. | 19,680 | 2,576 | ||||||
NovaTek OAO—144A GDR | 17,900 | 2,307 | ||||||
Yandex NV—Class A ‡ ^ | 159,700 | 3,788 | ||||||
|
| |||||||
Total Common Stocks (cost $394,592) |
| 430,920 | ||||||
|
|
Shares | Value (000’s) | |||||||
SECURITIES LENDING COLLATERAL—12.9% |
| |||||||
State Street Navigator Securities Lending Trust—Prime Portfolio, 0.29% p | 60,717,679 | $ | 60,718 | |||||
Total Securities Lending Collateral (cost $60,718) |
| |||||||
Principal (000’s) | Value (000’s) | |||||||
REPURCHASE AGREEMENT—5.3% | ||||||||
State Street Bank & Trust Co. 0.03% p, dated 04/30/2012, to be repurchased at $24,890 on 05/01/2012. Collateralized by a U.S. Government Agency Obligation, 3.00%, due 12/01/2026, and with a value of $25,389. | $ | 24,890 | 24,890 | |||||
Total Repurchase Agreement (cost $24,890) |
| |||||||
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| |||||||
Total Investment Securities (cost $486,846) P |
| 524,577 | ||||||
Other Assets and Liabilities—Net | (52,792 | ) | ||||||
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Net Assets | $ | 471,785 | ||||||
|
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INVESTMENTS BY INDUSTRY: | Percentage of Total Investments | Value (000’s) | ||||||
Food & Staples Retailing | 8.7 | % | $ | 45,408 | ||||
Beverages | 8.7 | 45,364 | ||||||
Internet Software & Services | 7.6 | 40,084 | ||||||
Oil, Gas & Consumable Fuels | 6.8 | 35,832 | ||||||
Commercial Banks | 6.5 | 34,261 | ||||||
Wireless Telecommunication Services | 5.0 | 26,029 | ||||||
Metals & Mining | 3.6 | 19,057 | ||||||
IT Services | 3.6 | 18,817 | ||||||
Diversified Financial Services | 3.3 | 17,210 | ||||||
Hotels, Restaurants & Leisure | 3.0 | 15,683 | ||||||
Food Products | 2.9 | 15,274 | ||||||
Real Estate Management & Development | 2.8 | 14,840 | ||||||
Semiconductors & Semiconductor Equipment | 1.7 | 8,856 | ||||||
Diversified Consumer Services | 1.6 | 8,617 | ||||||
Household Products | 1.6 | 8,540 | ||||||
Personal Products | 1.5 | 8,022 | ||||||
Energy Equipment & Services | 1.5 | 7,856 | ||||||
Media | 1.4 | 7,505 | ||||||
Thrifts & Mortgage Finance | 1.4 | 7,485 | ||||||
Industrial Conglomerates | 1.4 | 7,358 | ||||||
Multiline Retail | 1.1 | 5,881 | ||||||
Aerospace & Defense | 1.0 | 5,051 | ||||||
Pharmaceuticals | 0.9 | 4,849 | ||||||
Insurance | 0.9 | 4,808 | ||||||
Textiles, Apparel & Luxury Goods | 0.9 | 4,519 | ||||||
Communications Equipment | 0.9 | 4,433 | ||||||
Automobiles | 0.7 | 3,720 | ||||||
Electronic Equipment & Instruments | 0.6 | 3,069 | ||||||
Distributors | 0.6 | 3,047 | ||||||
Machinery | 0.5 | 2,804 | ||||||
Chemicals | 0.5 | 2,406 | ||||||
Capital Markets | 0.2 | 992 | ||||||
Internet & Catalog Retail | 0.2 | 965 | ||||||
Tobacco | 0.1 | 298 | ||||||
Specialty Retail | 0.0 | ¥ | 29 | |||||
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Investment Securities, at Value | 83.7 | 438,969 | ||||||
Short-Term Investments | 16.3 | 85,608 | ||||||
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Total Investments | 100.0 | % | $ | 524,577 | ||||
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The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 46 |
Transamerica Developing Markets Equity
(formerly, Transamerica Oppenheimer Developing Markets)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
NOTES TO SCHEDULE OF INVESTMENTS (all amounts in thousands):
ə | Fair valued as determined in good faith in accordance with procedures established by the Board of Trustees. Total aggregate market value of fair valued securities is $10,894, or 2.31% of the fund’s net assets. |
‡ | Non-income producing security. |
p | Rate shown reflects the yield at 04/30/2012. |
§ | Illiquid. Total aggregate market value of illiquid securities is $13, or less than 0.01% of the fund’s net assets. |
^ | All or a portion of this security is on loan. The value of all securities on loan is $58,401. |
P | Aggregate cost for federal income tax purposes is $486,846. Aggregate gross unrealized appreciation/depreciation for all securities in which there is an excess of value over tax cost were $67,016 and $29,285, respectively. Net unrealized appreciation for tax purposes is $37,731. |
DEFINITIONS (all amounts in thousands):
144A | 144A Securities are registered pursuant to Rule 144A of the Securities Act of 1933. These securities are deemed to be liquid for purposes of compliance limitations on holdings of illiquid securities and may be resold as transactions exempt from registration, normally to qualified institutional buyers. At 04/30/2012, these securities aggregated $5,632, or 1.19% of the fund’s net assets. | |
ADR | American Depositary Receipt | |
GDR | Global Depositary Receipt | |
OJSC | Open Joint Stock Company |
VALUATION SUMMARY (all amounts in thousands): '
Investment Securities | Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Value at 04/30/2012 | ||||||||||||
Common Stocks | $ | 110,014 | $ | 320,898 | $ | 8 | $ | 430,920 | ||||||||
Preferred Stocks | 8,044 | — | 5 | 8,049 | ||||||||||||
Repurchase Agreement | — | 24,890 | — | 24,890 | ||||||||||||
Securities Lending Collateral | 60,718 | — | — | 60,718 | ||||||||||||
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Total | $ | 178,776 | $ | 345,788 | $ | 13 | $ | 524,577 | ||||||||
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Level 3 Rollforward—Investment Securities
Securities | Beginning Balance at 10/31/2011 | Purchases | Sales | Accrued Discounts/ (Premiums) | Total Realized Gain/(Loss) | Net Change in Unrealized Appreciation/ (Depreciation) | Transfers into Level ' | Transfers out of Level ' | Ending Balance at 04/30/2012 | Net Change in Unrealized Appreciation/ (Depreciation) on Investments Held at 04/30/2012 | ||||||||||||||||||||||||||||||
Common Stocks | $ | — | $ | 23 | $ | — | $ | — | $ | — | $ | (15 | ) | $ | — | $ | — | $ | 8 | $ | (15 | ) | ||||||||||||||||||
Preferred Stocks | — | 4 | — | — | — | 1 | — | — | 5 | 1 | ||||||||||||||||||||||||||||||
Rights | u | — | $(u | )ə | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||
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Total | $ | — | $ | 27 | $ | — | $ | — | $ | — | $ | (14 | ) | $ | — | $ | — | $ | 13 | $ | (14 | ) | ||||||||||||||||||
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' | See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
ə | Rights exercised on 11/10/2011. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 47 |
Transamerica Emerging Markets
(formerly, Transamerica WMC Emerging Markets)
SCHEDULE OF INVESTMENTS
At April 30, 2012
(unaudited)
Shares | Value (000’s) | |||||||
PREFERRED STOCKS—1.0% | ||||||||
Brazil—0.5% | ||||||||
Braskem SA , 4.53% p | 149,400 | $ | 1,050 | |||||
Russian Federation—0.5% | ||||||||
AK Transneft OAO , 0.54% pə | 720 | 1,343 | ||||||
|
| |||||||
Total Preferred Stocks (cost $2,937) |
| 2,393 | ||||||
|
| |||||||
COMMON STOCKS—92.2% | ||||||||
Brazil—7.7% | ||||||||
Banco Santander Brasil SA ADR | 177,400 | 1,432 | ||||||
BM&FBovespa SA | 443,300 | 2,494 | ||||||
BR Malls Participacoes SA | 259,000 | 3,218 | ||||||
BTG Pactual Participations, Ltd. ‡ | 40,800 | 655 | ||||||
CCR SA | 172,100 | 1,336 | ||||||
Embraer SA ADR ‡ | 46,100 | 1,597 | ||||||
GOL Linhas Aereas Inteligentes SA ADR ^ | 251,998 | 1,336 | ||||||
JSL SA | 239,300 | 1,199 | ||||||
Localiza Rent a Car SA | 21,500 | 367 | ||||||
Petroleo Brasileiro SA ADR | 120,100 | 2,827 | ||||||
TAM SA ADR ‡^ | 18,600 | 455 | ||||||
Totvs SA | 49,200 | 959 | ||||||
Canada—0.6% | ||||||||
Pacific Rubiales Energy Corp. | 48,000 | 1,377 | ||||||
China—2.5% | ||||||||
CNOOC, Ltd. ADR | 26,600 | 5,630 | ||||||
Colombia—0.4% | ||||||||
Ecopetrol SA | 303,599 | 982 | ||||||
Czech Republic—1.0% | ||||||||
CEZ AS | 58,231 | 2,348 | ||||||
Hong Kong—15.4% | ||||||||
AIA Group, Ltd. | 517,600 | 1,845 | ||||||
Anhui Conch Cement Co., Ltd.—Series H ‡ ^ | 687,000 | 2,302 | ||||||
China Construction Bank Corp.—Class H | 6,521,000 | 5,084 | ||||||
China Pacific Insurance Group Co., Ltd. ‡ | 800,800 | 2,606 | ||||||
China Railway Construction Corp., Ltd. ^ | 1,800,000 | 1,436 | ||||||
China Shenhua Energy Co., Ltd.—Class H ‡ | 756,500 | 3,359 | ||||||
COSCO Pacific, Ltd. | 580,000 | 845 | ||||||
CSR Corp., Ltd. ‡ ^ | 2,680,000 | 2,166 | ||||||
Dongfeng Motor Group Co., Ltd.—Class H ^ | 1,278,000 | 2,524 | ||||||
Hengan International Group Co., Ltd. | 245,500 | 2,605 | ||||||
Industrial & Commercial Bank of China—Class H ^ | 1,728,000 | 1,151 | ||||||
Ping An Insurance Group Co.—Class H ^ | 276,500 | 2,313 | ||||||
Shangri-La Asia, Ltd. | 1,242,000 | 2,641 | ||||||
Sinopharm Group Co., Ltd.—Class H ‡ | 532,800 | 1,391 | ||||||
Tencent Holdings, Ltd. | 117,600 | 3,698 | ||||||
Hungary—0.5% | ||||||||
Richter Gedeon | 7,322 | 1,265 | ||||||
India—4.6% | ||||||||
Bharti Airtel, Ltd. | 265,024 | 1,561 | ||||||
Infosys, Ltd. ADR ^ | 32,900 | 1,558 | ||||||
Jindal Steel & Power, Ltd. | 97,840 | 937 | ||||||
Ranbaxy Laboratories, Ltd. ‡ | 282,339 | 2,697 | ||||||
Tata Consultancy Services, Ltd. | 72,260 | 1,714 | ||||||
Tata Motors, Ltd. | 202,443 | 1,218 | ||||||
Tata Power Co., Ltd. | 496,826 | 998 | ||||||
Indonesia—2.0% | ||||||||
Astra International PT | 85,000 | 657 | ||||||
Bank Mandiri Persero PT | 1,291,800 | 1,040 | ||||||
Perusahaan Gas Negara Persero PT | 4,658,000 | 1,698 | ||||||
Telekomunikasi Indonesia Persero PT Tbk ADR ^ | 38,400 | 1,390 | ||||||
Korea, Republic of—16.7% | ||||||||
Amorepacific Corp. | 1,437 | 1,380 | ||||||
GS Engineering & Construction Corp. | 17,984 | 1,341 | ||||||
GS Holdings | 48,503 | 2,558 | ||||||
Hyundai Mobis | 6,987 | 1,901 | ||||||
Hyundai Motor Co. | 31,026 | 7,370 | ||||||
KB Financial Group, Inc. | 59,498 | 2,027 | ||||||
LG Chem, Ltd. | 10,749 | 2,706 |
Shares | Value (000’s) | |||||||
Korea, Republic of (continued) | ||||||||
Lotte Shopping Co., Ltd. | 6,697 | $ | 2,080 | |||||
POSCO | 4,395 | 1,459 | ||||||
Samsung Card Co., Ltd. | 26,418 | 811 | ||||||
Samsung Electronics Co., Ltd. | 8,208 | 10,096 | ||||||
Samsung Engineering Co., Ltd. | 14,274 | 2,716 | ||||||
Shinhan Financial Group Co., Ltd. | 52,177 | 1,824 | ||||||
Malaysia—2.7% | ||||||||
AirAsia Bhd | 1,615,500 | 1,777 | ||||||
AMMB Holdings Bhd | 718,500 | 1,486 | ||||||
Axiata Group Bhd | 1,081,000 | 1,898 | ||||||
Sime Darby Bhd | 440,900 | 1,419 | ||||||
Mexico—3.0% | ||||||||
Cemex SAB de CV ADR | 474,847 | 3,433 | ||||||
Grupo Financiero Banorte SAB de CV—Class O | 379,800 | 1,832 | ||||||
Wal-Mart de Mexico SAB de CV—Series V | 605,600 | 1,732 | ||||||
Philippines—0.8% | ||||||||
Metropolitan Bank & Trust | 390,240 | 845 | ||||||
Philippine Long Distance Telephone Co. ADR | 15,200 | 923 | ||||||
Poland—1.1% | ||||||||
Powszechny Zaklad Ubezpieczen SA | 25,857 | 2,614 | ||||||
Russian Federation—5.5% | ||||||||
Gazprom OAO ADR | 345,264 | 3,960 | ||||||
Lukoil OAO ADR | 69,577 | 4,269 | ||||||
Sberbank of Russia ADR | 353,427 | 4,577 | ||||||
Singapore—1.4% | ||||||||
Golden Agri-Resources, Ltd. | 4,434,000 | 2,634 | ||||||
Sakari Resources, Ltd. ^ | 400,000 | 637 | ||||||
South Africa—2.0% | ||||||||
Naspers, Ltd.—Class N | 77,524 | 4,672 | ||||||
Taiwan—11.3% | ||||||||
Chinatrust Financial Holding Co., Ltd. | 4,114,492 | 2,627 | ||||||
Delta Electronics, Inc. | 297,000 | 883 | ||||||
Hiwin Technologies Corp. | 123,000 | 1,166 | ||||||
Hon Hai Precision Industry Co., Ltd. | 2,969,177 | 9,393 | ||||||
Quanta Computer, Inc. | 825,000 | 2,169 | ||||||
Synnex Technology International Corp. | 1,035,620 | 2,429 | ||||||
Taiwan Semiconductor Manufacturing Co., Ltd. ADR | 49,300 | 768 | ||||||
Taiwan Semiconductor Manufacturing Co., Ltd. | 1,898,354 | 5,641 | ||||||
TPK Holding Co., Ltd. | 118,400 | 1,459 | ||||||
Thailand—7.2% | ||||||||
Advanced Info Service PCL | 235,800 | 1,403 | ||||||
Bangkok Bank PCL | 454,200 | 2,821 | ||||||
Banpu PCL | 102,050 | 1,845 | ||||||
Kasikornbank PCL | 505,700 | 2,681 | ||||||
PTT Global Chemical PCL | 1,464,396 | 3,274 | ||||||
PTT PCL | 121,400 | 1,382 | ||||||
Thai Oil PCL | 856,900 | 1,881 | ||||||
Total Access Communication PCL | 495,700 | 1,330 | ||||||
Turkey—2.3% | ||||||||
Haci OMER Sabanci Holding AS | 348,950 | 1,450 | ||||||
Tupras Turkiye Petrol Rafinerileri AS | 63,438 | 1,326 | ||||||
Turkiye Garanti Bankasi AS ‡ | 697,998 | 2,567 | ||||||
United Kingdom—2.8% | ||||||||
Aquarius Platinum, Ltd. | 691,336 | 1,459 | ||||||
Mail.ru Group, Ltd.—Reg S GDR ‡ | 59,418 | 2,570 | ||||||
NovaTek OAO GDR | 6,460 | 821 | ||||||
Rosneft Oil Co. GDR ‡ | 240,520 | 1,716 | ||||||
United States—0.7% | ||||||||
Yandex NV—Class A ‡ ^ | 71,300 | 1,691 | ||||||
|
| |||||||
Total Common Stocks (cost $213,534) |
| 214,640 | ||||||
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 48 |
Transamerica Emerging Markets
(formerly, Transamerica WMC Emerging Markets)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Shares | Value (000’s) | |||||||
INVESTMENT COMPANY—0.2% |
| |||||||
United States—0.2% | ||||||||
Vanguard MSCI Emerging Markets ETF | 13,600 | $ | 578 | |||||
Total Investment Company (cost $592) |
| |||||||
SECURITIES LENDING COLLATERAL—5.6% |
| |||||||
State Street Navigator Securities Lending Trust—Prime Portfolio, 0.29% p | 13,149,554 | 13,150 | ||||||
Total Securities Lending Collateral (cost $13,150) |
Principal (000’s) | Value (000’s) | |||||||
REPURCHASE AGREEMENT—2.9% | ||||||||
State Street Bank & Trust Co. | $ | 6,674 | $ | 6,674 | ||||
Total Repurchase Agreement (cost $6,674) | ||||||||
|
| |||||||
Total Investment Securities (cost $236,887) P |
| 237,435 | ||||||
Other Assets and Liabilities—Net | (4,386 | ) | ||||||
|
| |||||||
Net Assets | $ | 233,049 | ||||||
|
|
INVESTMENTS BY INDUSTRY: | Percentage of Total Investments | Value (000’s) | ||||||
Oil, Gas & Consumable Fuels | 15.1 | % | $ | 35,912 | ||||
Commercial Banks | 12.8 | 30,509 | ||||||
Semiconductors & Semiconductor Equipment | 6.9 | 16,505 | ||||||
Electronic Equipment & Instruments | 6.0 | 14,164 | ||||||
Automobiles | 5.0 | 11,769 | ||||||
Insurance | 3.9 | 9,378 | ||||||
Internet Software & Services | 3.4 | 7,959 | ||||||
Wireless Telecommunication Services | 3.0 | 7,115 | ||||||
Chemicals | 3.0 | 7,030 | ||||||
Diversified Financial Services | 2.6 | 6,085 | ||||||
Construction Materials | 2.4 | 5,735 | ||||||
Construction & Engineering | 2.3 | 5,493 | ||||||
Media | 2.0 | 4,672 | ||||||
Personal Products | 1.7 | 3,985 | ||||||
Pharmaceuticals | 1.7 | 3,962 | ||||||
Metals & Mining | 1.6 | 3,855 | ||||||
Airlines | 1.5 | 3,568 | ||||||
Electric Utilities | 1.4 | 3,346 | ||||||
Machinery | 1.4 | 3,332 | ||||||
IT Services | 1.4 | 3,272 | ||||||
Real Estate Management & Development | 1.4 | 3,218 | ||||||
Hotels, Restaurants & Leisure | 1.1 | 2,641 | ||||||
Food Products | 1.1 | 2,634 | ||||||
Transportation Infrastructure | 0.9 | 2,181 | ||||||
Computers & Peripherals | 0.9 | 2,169 | ||||||
Multiline Retail | 0.9 | 2,080 | ||||||
Auto Components | 0.8 | 1,901 | ||||||
Food & Staples Retailing | 0.7 | 1,732 | ||||||
Gas Utilities | 0.7 | 1,698 | ||||||
Aerospace & Defense | 0.7 | 1,597 | ||||||
Road & Rail | 0.7 | 1,566 | ||||||
Industrial Conglomerates | 0.6 | 1,419 | ||||||
Health Care Providers & Services | 0.6 | 1,391 | ||||||
Diversified Telecommunication Services | 0.6 | 1,390 | ||||||
Software | 0.4 | 959 | ||||||
Consumer Finance | 0.3 | 811 | ||||||
Emerging Market—Equity | 0.2 | 578 | ||||||
|
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|
| |||||
Investment Securities, at Value | 91.7 | 217,611 | ||||||
Short-Term Investments | 8.3 | 19,824 | ||||||
|
|
|
| |||||
Total Investments | 100.0 | % | $ | 237,435 | ||||
|
|
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 49 |
Transamerica Emerging Markets
(formerly, Transamerica WMC Emerging Markets)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
NOTES TO SCHEDULE OF INVESTMENTS (all amounts in thousands):
p | Rate shown reflects the yield at 04/30/2012. |
ə | Fair valued as determined in good faith in accordance with procedures established by the Board of Trustees. Total aggregate market value of fair valued securities is $1,343, or 0.58% of the fund’s net assets. |
‡ | Non-income producing security. |
^ | All or a portion of this security is on loan. The value of all securities on loan is $12,524. |
P | Aggregate cost for federal income tax purposes is $236,887. Aggregate gross unrealized appreciation/depreciation for all securities in which there is an excess of value over tax cost were $16,729 and $16,181, respectively. Net unrealized appreciation for tax purposes is $548. |
DEFINITIONS:
ADR | American Depositary Receipt | |
ETF | Exchange-Traded Fund | |
GDR | Global Depositary Receipt | |
OAO | Otkrytoe Aktsionernoe Obschestvo (Russian: Open Joint Stock Exchange) |
VALUATION SUMMARY (all amounts in thousands): З
Investment Securities | Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Value at 04/30/2012 | ||||||||||||
Common Stocks | $ | 28,922 | $ | 185,718 | $ | — | $ | 214,640 | ||||||||
Investment Companies | 578 | — | — | 578 | ||||||||||||
Preferred Stocks | 1,050 | 1,343 | — | 2,393 | ||||||||||||
Repurchase Agreement | — | 6,674 | — | 6,674 | ||||||||||||
Securities Lending Collateral | 13,150 | — | — | 13,150 | ||||||||||||
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Total | $ | 43,700 | $ | 193,735 | $ | — | $ | 237,435 | ||||||||
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З | See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 50 |
Transamerica Global Macro
(formerly, Transamerica First Quadrant Global Macro)
SCHEDULE OF INVESTMENTS
At April 30, 2012
(unaudited)
Principal (000’s) | Value (000’s) | |||||||
SHORT-TERM U.S. GOVERNMENT OBLIGATIONS—62.7% |
| |||||||
U.S. Treasury Bill | $ | 7,000 | $ | 6,999 | ||||
0.04%, 06/07/2012 p g | 23,500 | 23,498 | ||||||
0.05%, 05/10/2012 p n | 6,000 | 6,000 | ||||||
0.06%, 06/21/2012 p n | 11,500 | 11,499 | ||||||
|
| |||||||
Total Short-Term U.S. Government Obligations |
| 47,996 | ||||||
|
|
Notional Amount (000’s) | Value (000’s) | |||||||
PURCHASED OPTIONS—0.3% | ||||||||
Call Options—0.1% | ||||||||
S&P 500 Index | 25 | 4 | ||||||
S&P 500 Index | 6 | 33 | ||||||
S&P 500 Index | u | 5 | ||||||
S&P 500 Index | 2 | 53 | ||||||
S&P 500 Index | 1 | 23 | ||||||
S&P 500 Index | u | 10 | ||||||
Put Options—0.2% | ||||||||
S&P 500 Index | 13 | 1 | ||||||
S&P 500 Index | 2 | 12 | ||||||
S&P 500 Index | u | 11 | ||||||
S&P 500 Index | 2 | 65 | ||||||
S&P 500 Index | 1 | 20 | ||||||
|
| |||||||
Total Purchased Options |
| 237 | ||||||
|
|
Principal (000’s) | Value (000’s) | |||||||
REPURCHASE AGREEMENT—36.1% |
| |||||||
State Street Bank & Trust Co. | 27,652 | 27,652 | ||||||
Total Repurchase Agreement |
| |||||||
|
| |||||||
Total Investment Securities (cost $75,945)P |
| 75,885 | ||||||
Other Assets and Liabilities—Net | 702 | |||||||
|
| |||||||
Net Assets | $ | 76,587 | ||||||
|
|
Notional Amount (000’s) | Value (000’s) | |||||||
WRITTEN OPTIONS—(0.3%) | ||||||||
Call Options—(0.2%) | ||||||||
S&P 500 Index | $ | (13) | $ | (3) | ||||
S&P 500 Index | (1) | (28) | ||||||
S&P 500 Index | (4) | (8) | ||||||
S&P 500 Index | (2) | (62) | ||||||
S&P 500 Index | (13) | (2) | ||||||
S&P 500 Index | (11) | (8) | ||||||
S&P 500 Index | (5) | (14) | ||||||
S&P 500 Index | (u) | (7) | ||||||
S&P 500 Index | (5) | (2) | ||||||
Put Options—(0.1%) | ||||||||
S&P 500 Index | (u | ) | (2) | |||||
S&P 500 Index | (19) | (3) | ||||||
S&P 500 Index | (u | ) | (4) | |||||
S&P 500 Index | (1) | (11) | ||||||
S&P 500 Index | (28) | (8) | ||||||
S&P 500 Index | (4) | (6) | ||||||
S&P 500 Index | (3) | (6) | ||||||
S&P 500 Index | (3) | (2) | ||||||
S&P 500 Index | (2) | (59) | ||||||
|
| |||||||
Total Written Options | (235) | |||||||
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 51 |
Transamerica Global Macro
(formerly, Transamerica First Quadrant Global Macro)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
FORWARD FOREIGN CURRENCY CONTRACTS:
Currency | Counterparty | Contracts Bought (Sold) (000’s) | Settlement Date | Amount in U.S. Dollars Bought (Sold) (000’s) | Net Unrealized Appreciation (Depreciation) (000’s) | |||||||||||||
Australian Dollar | MSC | (1,374 | ) | 06/20/2012 | $ | (1,407 | ) | $ | (17 | ) | ||||||||
Australian Dollar | MSC | (1,692 | ) | 06/20/2012 | (1,765 | ) | 12 | |||||||||||
Australian Dollar | MSC | (920 | ) | 06/20/2012 | (949 | ) | �� | (5 | ) | |||||||||
Australian Dollar | MSC | (2,274 | ) | 06/20/2012 | (2,368 | ) | 11 | |||||||||||
Australian Dollar | MSC | 593 | 06/20/2012 | 610 | 4 | |||||||||||||
Australian Dollar | MSC | (445 | ) | 06/20/2012 | (459 | ) | (3 | ) | ||||||||||
Australian Dollar | MSC | 4,908 | 06/20/2012 | 5,046 | 40 | |||||||||||||
Australian Dollar | MSC | 355 | 06/20/2012 | 362 | 6 | |||||||||||||
Australian Dollar | MSC | (10,936 | ) | 06/20/2012 | (11,418 | ) | 85 | |||||||||||
Canadian Dollar | MSC | (1,355 | ) | 06/20/2012 | (1,363 | ) | (7 | ) | ||||||||||
Canadian Dollar | MSC | 464 | 06/20/2012 | 466 | 3 | |||||||||||||
Canadian Dollar | MSC | 704 | 06/20/2012 | 709 | 2 | |||||||||||||
Canadian Dollar | MSC | 1,396 | 06/20/2012 | 1,412 | (1 | ) | ||||||||||||
Canadian Dollar | MSC | 412 | 06/20/2012 | 412 | 5 | |||||||||||||
Canadian Dollar | MSC | 751 | 06/20/2012 | 754 | 6 | |||||||||||||
Canadian Dollar | MSC | 697 | 06/20/2012 | 710 | (5 | ) | ||||||||||||
Canadian Dollar | MSC | 486 | 06/20/2012 | 487 | 4 | |||||||||||||
Canadian Dollar | MSC | 1,819 | 06/20/2012 | 1,820 | 20 | |||||||||||||
Canadian Dollar | MSC | 1,234 | 06/20/2012 | 1,243 | 5 | |||||||||||||
Canadian Dollar | MSC | (6,021 | ) | 06/20/2012 | (5,998 | ) | (90 | ) | ||||||||||
Canadian Dollar | MSC | 1,598 | 06/20/2012 | 1,598 | 18 | |||||||||||||
Canadian Dollar | MSC | (699 | ) | 06/20/2012 | (700 | ) | (7 | ) | ||||||||||
Canadian Dollar | MSC | 1,177 | 06/20/2012 | 1,172 | 17 | |||||||||||||
Euro | MSC | 1,897 | 06/20/2012 | 2,495 | 17 | |||||||||||||
Euro | MSC | 1,869 | 06/20/2012 | 2,449 | 26 | |||||||||||||
Euro | MSC | 1,129 | 06/20/2012 | 1,489 | 6 | |||||||||||||
Euro | MSC | (949 | ) | 06/20/2012 | (1,265 | ) | 8 | |||||||||||
Euro | MSC | (924 | ) | 06/20/2012 | (1,225 | ) | 2 | |||||||||||
Euro | MSC | 701 | 06/20/2012 | 920 | 9 | |||||||||||||
Euro | MSC | (661 | ) | 06/20/2012 | (876 | ) | 2 | |||||||||||
Euro | MSC | (654 | ) | 06/20/2012 | (873 | ) | 7 | |||||||||||
Euro | MSC | (584 | ) | 06/20/2012 | (764 | ) | (10 | ) | ||||||||||
Euro | MSC | (922 | ) | 06/20/2012 | (1,211 | ) | (10 | ) | ||||||||||
Euro | MSC | (96 | ) | 06/20/2012 | (126 | ) | (1 | ) | ||||||||||
Japanese Yen | MSC | (1,678,756 | ) | 06/20/2012 | (20,764 | ) | (272 | ) | ||||||||||
Japanese Yen | MSC | 226,031 | 06/20/2012 | 2,736 | 96 | |||||||||||||
Japanese Yen | MSC | 493,108 | 06/20/2012 | 5,971 | 208 | |||||||||||||
Japanese Yen | MSC | 230,222 | 06/20/2012 | 2,833 | 52 | |||||||||||||
Japanese Yen | MSC | 78,815 | 06/20/2012 | 949 | 39 | |||||||||||||
Japanese Yen | MSC | 69,447 | 06/20/2012 | 854 | 16 | |||||||||||||
Japanese Yen | MSC | 109,125 | 06/20/2012 | 1,351 | 16 | |||||||||||||
Japanese Yen | MSC | 95,417 | 06/20/2012 | 1,161 | 34 | |||||||||||||
Japanese Yen | MSC | 41,824 | 06/20/2012 | 514 | 10 | |||||||||||||
New Zealand Dollar | MSC | 1,341 | 06/20/2012 | 1,094 | (1 | ) | ||||||||||||
New Zealand Dollar | MSC | (1,253 | ) | 06/20/2012 | (1,018 | ) | (3 | ) | ||||||||||
New Zealand Dollar | MSC | (2,123 | ) | 06/20/2012 | (1,729 | ) | (1 | ) | ||||||||||
New Zealand Dollar | MSC | (5,353 | ) | 06/20/2012 | (4,347 | ) | (16 | ) | ||||||||||
New Zealand Dollar | MSC | (2,168 | ) | 06/20/2012 | (1,780 | ) | 13 | |||||||||||
New Zealand Dollar | MSC | 97 | 06/20/2012 | 79 | u | |||||||||||||
New Zealand Dollar | MSC | (902 | ) | 06/20/2012 | (734 | ) | (2 | ) | ||||||||||
New Zealand Dollar | MSC | (1,255 | ) | 06/20/2012 | (1,020 | ) | (3 | ) | ||||||||||
New Zealand Dollar | MSC | (1,639 | ) | 06/20/2012 | (1,342 | ) | 7 | |||||||||||
New Zealand Dollar | MSC | (1,640 | ) | 06/20/2012 | (1,343 | ) | 7 | |||||||||||
New Zealand Dollar | MSC | 15,521 | 06/20/2012 | 12,526 | 122 | |||||||||||||
New Zealand Dollar | MSC | (927 | ) | 06/20/2012 | (749 | ) | (6 | ) | ||||||||||
Pound Sterling | MSC | 703 | 06/20/2012 | 1,120 | 21 | |||||||||||||
Pound Sterling | MSC | (324 | ) | 06/20/2012 | (518 | ) | (7 | ) | ||||||||||
Pound Sterling | MSC | (4,254 | ) | 06/20/2012 | (6,762 | ) | (139 | ) | ||||||||||
Pound Sterling | MSC | 13,837 | 06/20/2012 | 21,800 | 650 | |||||||||||||
Pound Sterling | MSC | (1,240 | ) | 06/20/2012 | (1,966 | ) | (45 | ) | ||||||||||
Pound Sterling | MSC | (1,253 | ) | 06/20/2012 | (1,998 | ) | (35 | ) | ||||||||||
Pound Sterling | MSC | (227 | ) | 06/20/2012 | (363 | ) | (6 | ) | ||||||||||
Pound Sterling | MSC | 424 | 06/20/2012 | 684 | 4 | |||||||||||||
Swedish Krona | MSC | (8,195 | ) | 06/20/2012 | (1,211 | ) | (6 | ) |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 52 |
Transamerica Global Macro
(formerly, Transamerica First Quadrant Global Macro)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
FORWARD FOREIGN CURRENCY CONTRACTS (continued):
Currency | Counterparty | Contracts Bought (Sold) (000’s) | Settlement Date | Amount in U.S. Dollars Bought (Sold) (000’s) | Net Unrealized Appreciation (Depreciation) (000’s) | |||||||||||
Swedish Krona | MSC | (8,704 | ) | 06/20/2012 | $ | (1,301 | ) | $ | 9 | |||||||
Swedish Krona | MSC | (8,202 | ) | 06/20/2012 | (1,206 | ) | (12 | ) | ||||||||
Swedish Krona | MSC | (10,778 | ) | 06/20/2012 | (1,582 | ) | (19 | ) | ||||||||
Swedish Krona | MSC | (9,764 | ) | 06/20/2012 | (1,429 | ) | (20 | ) | ||||||||
Swedish Krona | MSC | 4,161 | 06/20/2012 | 616 | 2 | |||||||||||
Swedish Krona | MSC | 5,179 | 06/20/2012 | 770 | (1 | ) | ||||||||||
Swedish Krona | MSC | (28,558 | ) | 06/20/2012 | (4,275 | ) | 35 | |||||||||
Swedish Krona | MSC | 11,696 | 06/20/2012 | 1,749 | (12 | ) | ||||||||||
Swedish Krona | MSC | (13,289 | ) | 06/20/2012 | (1,961 | ) | (12 | ) | ||||||||
Swedish Krona | MSC | 4,278 | 06/20/2012 | 644 | (8 | ) | ||||||||||
Swedish Krona | MSC | 102,441 | 06/20/2012 | 15,036 | 175 | |||||||||||
Swiss Franc | MSC | 114 | 06/20/2012 | 125 | u | |||||||||||
Swiss Franc | MSC | 863 | 06/20/2012 | 941 | 10 | |||||||||||
Swiss Franc | MSC | 12,236 | 06/20/2012 | 13,544 | (53 | ) | ||||||||||
Swiss Franc | MSC | 18 | 06/20/2012 | 20 | (u | ) | ||||||||||
Swiss Franc | MSC | (2 | ) | 06/20/2012 | (2 | ) | (u | ) | ||||||||
Swiss Franc | MSC | 7 | 06/20/2012 | 7 | u | |||||||||||
Swiss Franc | MSC | 335 | 06/20/2012 | 369 | u | |||||||||||
Swiss Franc | MSC | 164 | 06/20/2012 | 179 | 1 | |||||||||||
Swiss Franc | MSC | (30,888 | ) | 06/20/2012 | (33,664 | ) | (388 | ) | ||||||||
Swiss Franc | MSC | (872 | ) | 06/20/2012 | (951 | ) | (10 | ) | ||||||||
Swiss Franc | MSC | (428 | ) | 06/20/2012 | (465 | ) | (7 | ) | ||||||||
Swiss Franc | MSC | 73 | 06/20/2012 | 80 | u | |||||||||||
Swiss Franc | MSC | 129 | 06/20/2012 | 141 | 1 | |||||||||||
Swiss Franc | MSC | 357 | 06/20/2012 | 393 | u | |||||||||||
Swiss Franc | MSC | (1 | ) | 06/20/2012 | (1 | ) | (u | ) | ||||||||
Swiss Franc | MSC | (30 | ) | 06/20/2012 | (33 | ) | (u | ) | ||||||||
Swiss Franc | MSC | (592 | ) | 06/20/2012 | (656 | ) | 3 | |||||||||
|
| |||||||||||||||
$ | 606 | |||||||||||||||
|
|
FUTURES CONTRACTS:
Description | Type | Contracts | Expiration Date | Net Unrealized Appreciation (Depreciation) (000’s) | ||||||||
10-Year Australian Treasury Bond | Short | (148 | ) | 06/15/2012 | $ | (556 | ) | |||||
10-Year Government of Canada Bond | Long | 10 | 06/20/2012 | 13 | ||||||||
10-Year Japan Government Bond Mini | Short | (41 | ) | 06/08/2012 | (74 | ) | ||||||
10-Year U.S. Treasury Note | Short | (51 | ) | 06/20/2012 | (71 | ) | ||||||
AEX Index | Long | 35 | 05/18/2012 | 2 | ||||||||
ASX SPI 200 Index | Short | (16 | ) | 06/21/2012 | (55 | ) | ||||||
CAC 40 Index | Short | (19 | ) | 05/18/2012 | (7 | ) | ||||||
DAX Index | Long | 5 | 06/15/2012 | 14 | ||||||||
FTSE 100 Index | Long | 21 | 06/15/2012 | (71 | ) | |||||||
FTSE MIB INDEX | Short | (7 | ) | 06/15/2012 | 31 | |||||||
German Euro Bund | Long | 97 | 06/07/2012 | 375 | ||||||||
Hang Seng Index | Short | (6 | ) | 05/30/2012 | (16 | ) | ||||||
IBEX 35 Index | Long | 12 | 05/18/2012 | (44 | ) | |||||||
S&P 500 E-Mini Index | Short | (13 | ) | 06/15/2012 | (2 | ) | ||||||
S&P 500 E-Mini Index | Long | 13 | 06/15/2012 | 22 | ||||||||
S&P 500 TSE 60 Index | Long | 7 | 06/14/2012 | (10 | ) | |||||||
TOPIX Index | Long | 6 | 06/08/2012 | (16 | ) | |||||||
U.K. Long Gilt Bond | Long | 39 | 06/27/2012 | 69 | ||||||||
|
| |||||||||||
$ | (396 | ) | ||||||||||
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 53 |
Transamerica Global Macro
(formerly, Transamerica First Quadrant Global Macro)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Collateral (Received) Pledged for OTC Financial Derivative Instruments
The following is a summary by counterparty of the market value of OTC financial derivative instruments and collateral (received)/pledged as of 04/30/2012:
Counterparty | Total Market Value of OTC Derivatives (000’s) | Collateral (Received)/Pledged (000’s) | Net Exposures (1) (000’s) | |||||||||
MSC | $ | 606 | $ | — | $ | 606 |
(1) | Net exposure represents the net receivable/(payable) that would be due from/to the counterparty in the event of default. |
NOTES TO SCHEDULE OF INVESTMENTS (all amounts in thousands):
n | A portion of these securities in the amount of $10,499 has been segregated with the broker to cover open written options. |
p | Rate shown reflects the yield at 04/30/2012. |
g | A portion of this security in the amount of $7,000 has been segregated as collateral with the broker to cover margin requirements for open futures contracts. |
P | Aggregate cost for federal income tax purposes is $75,945. Aggregate gross unrealized appreciation/depreciation for all securities in which there is an excess of value over tax cost were $7 and $67, respectively. Net unrealized depreciation for tax purposes is $60. |
u | Amount is less than 1. |
DEFINITIONS:
MSC | Morgan Stanley | |
OTC | Over the Counter |
VALUATION SUMMARY (all amounts in thousands): '
Investment Securities | Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Value at 04/30/2012 | ||||||||||||
Purchased Options | $ | 237 | $ | — | $ | — | $ | 237 | ||||||||
Repurchase Agreement | — | 27,652 | — | 27,652 | ||||||||||||
Short-Term U.S. Government Obligations | — | 47,996 | — | 47,996 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total | $ | 237 | $ | 75,648 | $ | — | $ | 75,885 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Other Financial Instruments | Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Value at 04/30/2012 | ||||||||||||
Written Options | $ | — | $ | (235 | ) | $ | — | $ | (235 | ) | ||||||
Other Financial Instruments ₣ | Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Value at 04/30/2012 | ||||||||||||
Futures Contracts—Appreciation | $ | 526 | $ | — | $ | — | $ | 526 | ||||||||
Futures Contracts—Depreciation | (922 | ) | — | — | (922 | ) | ||||||||||
Forward Foreign Currency Contracts—Appreciation | — | 1,846 | — | 1,846 | ||||||||||||
Forward Foreign Currency Contracts—Depreciation | — | (1,240 | ) | — | (1,240 | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Total | $ | (396 | ) | $ | 606 | $ | — | $ | 210 | |||||||
|
|
|
|
|
|
|
|
' | See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
₣ | Other financial instruments are derivative instruments that are valued at unrealized appreciation (depreciation) on the instrument. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 54 |
Transamerica Global Real Estate Securities
(formerly, Transamerica Clarion Global Real Estate Securities)
SCHEDULE OF INVESTMENTS
At April 30, 2012
(unaudited)
Shares | Value (000’s) | |||||||
COMMON STOCKS—98.3% | ||||||||
Australia—7.9% | ||||||||
Dexus Property Group REIT | 1,814,391 | $ | 1,768 | |||||
Goodman Group REIT ^ | 457,411 | 1,716 | ||||||
GPT Group REIT ^ | 188,359 | 642 | ||||||
Investa Office Fund REIT | 455,800 | 1,297 | ||||||
Mirvac Group REIT | 243,751 | 329 | ||||||
Stockland REIT | 302,584 | 977 | ||||||
Westfield Group REIT | 433,648 | 4,175 | ||||||
Westfield Retail Trust REIT | 621,979 | 1,763 | ||||||
Brazil—0.2% | ||||||||
Sonae Sierra Brasil SA | 19,800 | 317 | ||||||
Canada—2.6% | ||||||||
Boardwalk Real Estate Investment Trust | 14,900 | 887 | ||||||
Brookfield Office Properties, Inc. ^ | 63,300 | 1,150 | ||||||
Calloway Real Estate Investment Trust | 11,300 | 314 | ||||||
Canadian Real Estate Investment Trust | 12,300 | 482 | ||||||
Primaris Retail Real Estate Investment Trust | 14,000 | 328 | ||||||
RioCan Real Estate Investment Trust | 34,700 | 953 | ||||||
France—4.5% | ||||||||
Fonciere Des Regions REIT ^ | 13,609 | 1,055 | ||||||
ICADE REIT ‡^ | 9,520 | 803 | ||||||
Klepierre REIT | 31,050 | 983 | ||||||
Societe Immobiliere de Location pour l’Industrie et le Commerce REIT ^ | 4,605 | 486 | ||||||
Unibail-Rodamco SE REIT ^ | 20,140 | 3,764 | ||||||
Germany—0.5% | ||||||||
GSW Immobilien AG ‡^ | 21,921 | 730 | ||||||
Hong Kong—11.7% | ||||||||
Cheung Kong Holdings, Ltd. | 310,924 | 4,143 | ||||||
Country Garden Holdings Co., Ltd. ‡^ | 1,913,200 | 829 | ||||||
Evergrande Real Estate Group, Ltd. ^ | 2,917,000 | 1,688 | ||||||
Great Eagle Holdings, Ltd. | 158,400 | 468 | ||||||
Hang Lung Group, Ltd. | 120,848 | 758 | ||||||
Hang Lung Properties, Ltd. | 458,748 | 1,700 | ||||||
Kerry Properties, Ltd. | 303,000 | 1,381 | ||||||
Link Real Estate Investment Trust | 403,300 | 1,674 | ||||||
Longfor Properties Co., Ltd. ‡^ | 494,000 | 788 | ||||||
Sino Land Co., Ltd. | 1,075,900 | 1,861 | ||||||
Sun Hung Kai Properties, Ltd. | 186,245 | 2,249 | ||||||
Wharf Holdings, Ltd. | 180,405 | 1,077 | ||||||
Japan—13.0% | ||||||||
Advance Residence Investment Corp.—Class A REIT | 161 | 311 | ||||||
Daito Trust Construction Co., Ltd. | 22,300 | 2,005 | ||||||
Daiwa House Industry Co., Ltd. | 36,000 | 465 | ||||||
Japan Real Estate Investment Corp. REIT | 209 | 1,851 | ||||||
Japan Retail Fund Investment Corp. REIT | 508 | 810 | ||||||
Kenedix Realty Investment Corp.—Class A REIT ^ | 84 | 293 | ||||||
Mitsubishi Estate Co., Ltd. | 303,820 | 5,370 | ||||||
Mitsui Fudosan Co., Ltd. | 300,746 | 5,508 | ||||||
Nippon Accommodations Fund, Inc.—Class A REIT | 69 | 456 | ||||||
Nippon Building Fund, Inc. REIT | 98 | 931 | ||||||
Nomura Real Estate Holdings, Inc. | 46,000 | 804 | ||||||
Tokyo Tatemono Co., Ltd. ‡ | 336,000 | 1,241 | ||||||
United Urban Investment Corp.—Class A REIT | 532 | 627 | ||||||
Netherlands—0.8% | ||||||||
Corio NV REIT | 27,870 | 1,247 | ||||||
Singapore—5.2% | ||||||||
Ascendas Real Estate Investment Trust | 97,000 | 163 | ||||||
CapitaCommercial Trust REIT ^ | 1,168,000 | 1,218 | ||||||
CapitaLand, Ltd. | 1,047,050 | 2,487 | ||||||
CapitaMall Trust REIT | 793,114 | 1,154 | ||||||
Frasers Centrepoint Trust REIT | 124,100 | 160 | ||||||
Global Logistic Properties, Ltd.—Class L ‡ | 1,167,200 | 1,943 |
Shares | Value (000’s) | |||||||
Singapore (continued) | ||||||||
Hongkong Land Holdings, Ltd. ^ | 98,897 | $ | 614 | |||||
Keppel Land, Ltd. ^ | 174,000 | 446 | ||||||
Sweden—0.5% | ||||||||
Castellum AB | 41,330 | 523 | ||||||
Hufvudstaden AB—Class A | 29,870 | 321 | ||||||
United Kingdom—4.5% | ||||||||
British Land Co., PLC REIT | 85,068 | 676 | ||||||
Derwent London PLC REIT | 43,339 | 1,225 | ||||||
Great Portland Estates PLC REIT | 138,960 | 812 | ||||||
Hammerson PLC REIT | 219,392 | 1,487 | ||||||
Land Securities Group PLC REIT | 179,117 | 2,115 | ||||||
Safestore Holdings PLC | 197,600 | 359 | ||||||
Segro PLC REIT | 193,320 | 694 | ||||||
United States—46.9% | ||||||||
AvalonBay Communities, Inc. REIT ^ | 30,525 | 4,438 | ||||||
Boston Properties, Inc. REIT | 44,000 | 4,764 | ||||||
BRE Properties, Inc. REIT | 36,800 | 1,932 | ||||||
DDR Corp. REIT ^ | 118,700 | 1,757 | ||||||
Douglas Emmett, Inc. REIT ^ | 31,600 | 734 | ||||||
Equity Residential REIT | 55,000 | 3,379 | ||||||
Essex Property Trust, Inc. REIT ^ | 14,200 | 2,243 | ||||||
Federal Realty Investment Trust REIT | 11,200 | 1,127 | ||||||
General Growth Properties, Inc. REIT | 147,090 | 2,618 | ||||||
HCP, Inc. REIT | 43,300 | 1,795 | ||||||
Health Care REIT, Inc. | 37,300 | 2,113 | ||||||
Highwoods Properties, Inc. REIT ^ | 23,300 | 809 | ||||||
Host Hotels & Resorts, Inc. REIT ^ | 198,077 | 3,296 | ||||||
Kilroy Realty Corp. REIT ^ | 20,000 | 949 | ||||||
Kimco Realty Corp. REIT | 108,900 | 2,114 | ||||||
Liberty Property Trust REIT | 51,900 | 1,892 | ||||||
Macerich Co. REIT ^ | 58,207 | 3,584 | ||||||
Pebblebrook Hotel Trust REIT | 27,900 | 672 | ||||||
Post Properties, Inc. REIT | 33,300 | 1,622 | ||||||
ProLogis, Inc. REIT | 122,713 | 4,391 | ||||||
Public Storage REIT | 17,900 | 2,564 | ||||||
Simon Property Group, Inc. REIT | 59,463 | 9,253 | ||||||
SL Green Realty Corp. REIT ^ | 41,800 | 3,446 | ||||||
Starwood Hotels & Resorts Worldwide, Inc. | 36,100 | 2,137 | ||||||
Tanger Factory Outlet Centers REIT ^ | 26,000 | 814 | ||||||
Taubman Centers, Inc. REIT | 22,900 | 1,767 | ||||||
UDR, Inc. REIT | 93,483 | 2,461 | ||||||
Ventas, Inc. REIT | 43,835 | 2,577 | ||||||
Vornado Realty Trust REIT | 41,337 | 3,548 | ||||||
|
| |||||||
Total Common Stocks |
| 156,647 | ||||||
|
| |||||||
RIGHT—0.0% ¥ | ||||||||
Germany—0.0% ¥ | ||||||||
GSW Immobilien AG ‡ə | 21,921 | 21 | ||||||
Total Right (cost $u) | ||||||||
SECURITIES LENDING COLLATERAL—17.3% |
| |||||||
State Street Navigator Securities Lending Trust—Prime Portfolio, 0.29% p | 27,588,493 | 27,588 | ||||||
Total Securities Lending Collateral |
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 55 |
Transamerica Global Real Estate Securities
(formerly, Transamerica Clarion Global Real Estate Securities)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Principal (000’s) | Value (000’s) | |||||||
REPURCHASE AGREEMENT—1.3% |
| |||||||
State Street Bank & Trust Co. 0.03% p, dated 04/30/2012, to be repurchased at $2,111 on 05/01/2012. Collateralized by a U.S. Government Agency Obligation, 3.00%, due 12/01/2026, and with a value of $2,157. | $ | 2,111 | $ | 2,111 | ||||
Total Repurchase Agreement |
| |||||||
Total Investment Securities (cost $148,327) P | 186,367 | |||||||
Other Assets and Liabilities—Net | (26,897 | ) | ||||||
|
| |||||||
Net Assets | $ | 159,470 | ||||||
|
|
INVESTMENTS BY INDUSTRY: | Percentage of Total Investments | Value (000’s) | ||||||
Real Estate Investment Trusts | 60.8 | % | $ | 113,285 | ||||
Real Estate Management & Development | 22.1 | 41,247 | ||||||
Hotels, Restaurants & Leisure | 1.2 | 2,136 | ||||||
|
|
|
| |||||
Investment Securities, at Value | 84.1 | 156,668 | ||||||
Short-Term Investments | 15.9 | 29,699 | ||||||
|
|
|
| |||||
Total Investments | 100.0 | % | $ | 186,367 | ||||
|
|
|
|
NOTES TO SCHEDULE OF INVESTMENTS (all amounts in thousands):
^ | All or a portion of this security is on loan. The value of all securities on loan is $26,591. |
‡ | Non-income producing security. |
¥ | Percentage rounds to less than 0.1%. |
ə | Fair valued as determined in good faith in accordance with procedures established by the Board of Trustees. Total aggregate market value of fair valued securities is $21, or 0.01% of the fund’s net assets. |
p | Rate shown reflects the yield at 04/30/2012. |
u | Amount is less than 1. |
P | Aggregate cost for federal income tax purposes is $148,327. Aggregate gross unrealized appreciation/depreciation for all securities in which there is an excess of value over tax cost were $39,922 and $1,882, respectively. Net unrealized appreciation for tax purposes is $38,040. |
DEFINITION:
REIT | Real Estate Investment Trust (includes domestic REITs and Foreign Real Estate Investment Companies) |
VALUATION SUMMARY (all amounts in thousands): '
Investment Securities | Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Value at 04/30/2012 | ||||||||||||
Common Stocks | $ | 79,227 | $ | 77,420 | $ | — | $ | 156,647 | ||||||||
Repurchase Agreement | — | 2,111 | — | 2,111 | ||||||||||||
Right | — | 21 | — | 21 | ||||||||||||
Securities Lending Collateral | 27,588 | — | — | 27,588 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total | $ | 106,815 | $ | 79,552 | $ | — | $ | 186,367 | ||||||||
|
|
|
|
|
|
|
|
' | See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 56 |
Transamerica Growth
(formerly, Transamerica Jennison Growth)
SCHEDULE OF INVESTMENTS
At April 30, 2012
(unaudited)
Shares | Value (000’s) | |||||||
COMMON STOCKS—99.3% | ||||||||
Aerospace & Defense—5.0% | ||||||||
Boeing Co. | 116,702 | $ | 8,963 | |||||
Precision Castparts Corp. | 78,076 | 13,770 | ||||||
United Technologies Corp. | 105,112 | 8,581 | ||||||
Auto Components—0.8% | ||||||||
BorgWarner, Inc. ‡ ^ | 66,590 | 5,263 | ||||||
Automobiles—2.0% | ||||||||
Bayerische Motoren Werke AG | 47,951 | 4,558 | ||||||
Harley-Davidson, Inc. | 150,266 | 7,863 | ||||||
Biotechnology—3.1% | ||||||||
Alexion Pharmaceuticals, Inc. ‡ | 79,422 | 7,173 | ||||||
Celgene Corp. ‡ | 107,919 | 7,869 | ||||||
Vertex Pharmaceuticals, Inc. ‡ | 110,538 | 4,254 | ||||||
Capital Markets—2.2% | ||||||||
Goldman Sachs Group, Inc. | 119,476 | 13,758 | ||||||
Chemicals—1.4% | ||||||||
Monsanto Co. | 117,293 | 8,935 | ||||||
Communications Equipment—2.2% |
| |||||||
Juniper Networks, Inc. ‡ | 225,922 | 4,842 | ||||||
QUALCOMM, Inc. | 137,861 | 8,801 | ||||||
Computers & Peripherals—10.0% | ||||||||
Apple, Inc. ‡ | 70,127 | 40,972 | ||||||
EMC Corp. ‡ | 522,886 | 14,751 | ||||||
NetApp, Inc. ‡ | 190,396 | 7,393 | ||||||
Consumer Finance—1.3% | ||||||||
American Express Co. | 132,785 | 7,995 | ||||||
Electrical Equipment—0.4% | ||||||||
Roper Industries, Inc. | 27,206 | 2,772 | ||||||
Energy Equipment & Services—2.0% |
| |||||||
National Oilwell Varco, Inc. | 89,670 | 6,793 | ||||||
Schlumberger, Ltd. | 82,115 | 6,088 | ||||||
Food & Staples Retailing—3.0% | ||||||||
Costco Wholesale Corp. | 108,565 | 9,572 | ||||||
Whole Foods Market, Inc. | 111,692 | 9,278 | ||||||
Food Products—1.1% | ||||||||
Mead Johnson Nutrition Co.—Class A | 84,348 | 7,217 | ||||||
Health Care Providers & Services—2.5% |
| |||||||
Express Scripts Holding Co. ‡ | 113,785 | 6,348 | ||||||
UnitedHealth Group, Inc. | 163,245 | 9,166 | ||||||
Hotels, Restaurants & Leisure—6.1% |
| |||||||
Chipotle Mexican Grill, Inc.—Class A ‡ | 21,553 | 8,926 | ||||||
Dunkin’ Brands Group, Inc. ^ | 164,393 | 5,321 | ||||||
Panera Bread Co.—Class A ‡ | 19,634 | 3,101 | ||||||
Starbucks Corp. | 261,630 | 15,012 | ||||||
Yum! Brands, Inc. | 85,875 | 6,246 | ||||||
Internet & Catalog Retail—4.4% | ||||||||
Amazon.com, Inc. ‡ | 77,695 | 18,018 | ||||||
priceline.com, Inc. ‡ | 12,993 | 9,885 | ||||||
Internet Software & Services—6.3% |
| |||||||
Baidu, Inc. ADR ‡ | 78,753 | 10,451 | ||||||
Google, Inc.—Class A ‡ | 20,399 | 12,345 | ||||||
LinkedIn Corp.—Class A ‡ | 82,739 | 8,973 | ||||||
Tencent Holdings, Ltd. | 230,619 | 7,253 | ||||||
Youku, Inc. ADR ‡ ^ | 37,709 | 907 | ||||||
IT Services—7.1% | ||||||||
Cognizant Technology Solutions Corp.—Class A ‡ | 60,385 | 4,427 | ||||||
International Business Machines Corp. | 58,438 | 12,101 | ||||||
Mastercard, Inc.—Class A | 41,300 | 18,680 | ||||||
Visa, Inc.—Class A | 77,121 | 9,484 | ||||||
Life Sciences Tools & Services—2.0% |
| |||||||
Agilent Technologies, Inc. | 209,674 | 8,844 | ||||||
Illumina, Inc. ‡ ^ | 81,085 | 3,611 | ||||||
Media—1.2% | ||||||||
Walt Disney Co. | 170,530 | 7,352 |
Shares | Value (000’s) | |||||||
Oil, Gas & Consumable Fuels—3.8% |
| |||||||
Anadarko Petroleum Corp. | 85,918 | $ | 6,290 | |||||
Concho Resources, Inc. ‡ | 60,095 | 6,441 | ||||||
EOG Resources, Inc. | 47,424 | 5,208 | ||||||
Occidental Petroleum Corp. | 65,576 | 5,982 | ||||||
Personal Products—1.6% | ||||||||
Estee Lauder Cos., Inc.—Class A | 153,297 | 10,018 | ||||||
Pharmaceuticals—6.1% | ||||||||
Allergan, Inc. | 107,670 | 10,336 | ||||||
Bristol-Myers Squibb Co. | 182,870 | 6,102 | ||||||
Novo Nordisk A/S ADR | 82,174 | 12,081 | ||||||
Shire PLC ADR | 100,323 | 9,788 | ||||||
Real Estate Investment Trusts—1.4% |
| |||||||
American Tower Corp.—Class A | 138,654 | 9,093 | ||||||
Road & Rail—1.3% | ||||||||
Union Pacific Corp. | 75,340 | 8,471 | ||||||
Semiconductors & Semiconductor Equipment—1.9% |
| |||||||
Altera Corp. | 129,920 | 4,621 | ||||||
ARM Holdings PLC ADR ^ | 112,841 | 2,858 | ||||||
Avago Technologies, Ltd. | 130,354 | 4,495 | ||||||
Software—6.7% | ||||||||
Intuit, Inc. | 61,126 | 3,543 | ||||||
Oracle Corp. | 216,366 | 6,359 | ||||||
Red Hat, Inc. ‡ | 164,729 | 9,819 | ||||||
Salesforce.com, Inc. ‡ ^ | 72,602 | 11,307 | ||||||
VMware, Inc.—Class A ‡ | 98,504 | 11,005 | ||||||
Specialty Retail—3.7% | ||||||||
Inditex SA ^ | 103,339 | 9,295 | ||||||
Lowe’s Cos., Inc. | 256,021 | 8,057 | ||||||
Tiffany & Co. | 44,272 | 3,031 | ||||||
TJX Cos., Inc. | 77,858 | 3,247 | ||||||
Textiles, Apparel & Luxury Goods—8.1% |
| |||||||
Burberry Group PLC | 264,187 | 6,367 | ||||||
Coach, Inc. | 105,189 | 7,696 | ||||||
Fossil, Inc. ‡ ^ | 54,374 | 7,105 | ||||||
Lululemon Athletica, Inc. ‡ ^ | 108,739 | 8,062 | ||||||
NIKE, Inc.—Class B | 109,716 | 12,274 | ||||||
Ralph Lauren Corp.—Class A | 56,893 | 9,801 | ||||||
Wireless Telecommunication Services—0.6% |
| |||||||
Crown Castle International Corp. ‡ | 69,931 | 3,959 | ||||||
|
| |||||||
Total Common Stocks |
| 626,623 | ||||||
|
| |||||||
SECURITIES LENDING COLLATERAL—5.0% |
| |||||||
State Street Navigator Securities Lending Trust—Prime Portfolio, 0.29% p | 31,493,282 | 31,493 | ||||||
Total Securities Lending Collateral |
| |||||||
Principal (000’s) | Value (000’s) | |||||||
REPURCHASE AGREEMENT—0.4% |
| |||||||
State Street Bank & Trust Co. | $ | 2,402 | 2,402 | |||||
Total Repurchase Agreement |
| |||||||
Total Investment Securities (cost $455,524) P | 660,518 | |||||||
Other Assets and Liabilities—Net | (29,847 | ) | ||||||
|
| |||||||
Net Assets | $ | 630,671 | ||||||
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 57 |
Transamerica Growth
(formerly, Transamerica Jennison Growth)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
NOTES TO SCHEDULE OF INVESTMENTS (all amounts in thousands):
^ | All or a portion of this security is on loan. The value of all securities on loan is $30,613. |
‡ | Non-income producing security. |
p | Rate shown reflects the yield at 04/30/2012. |
P | Aggregate cost for federal income tax purposes is $455,524. Aggregate gross unrealized appreciation/depreciation for all securities in which there is an excess of value over tax cost were $207,013 and $2,019, respectively. Net unrealized appreciation for tax purposes is $204,994. |
DEFINITION:
ADR | American Depositary Receipt |
VALUATION SUMMARY (all amounts in thousands): '
Investment Securities | Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Value at 04/30/2012 | ||||||||||||
Common Stocks | $ | 563,065 | $ | 63,558 | $ | — | $ | 626,623 | ||||||||
Repurchase Agreement | — | 2,402 | — | 2,402 | ||||||||||||
Securities Lending Collateral | 31,493 | — | — | 31,493 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total | $ | 594,558 | $ | 65,960 | $ | — | $ | 660,518 | ||||||||
|
|
|
|
|
|
|
|
' | See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 58 |
Transamerica International
(formerly, Transamerica Neuberger Berman International)
SCHEDULE OF INVESTMENTS
At April 30, 2012
(unaudited)
Shares | Value (000’s) | |||||||
COMMON STOCKS—95.2% | ||||||||
Australia—1.8% | ||||||||
CSL, Ltd. | 133,675 | $ | 5,106 | |||||
Imdex, Ltd. | 957,790 | 2,515 | ||||||
Belgium—1.7% | ||||||||
Anheuser-Busch InBev NV ^ | 44,120 | 3,180 | ||||||
Anheuser-Busch InBev NV—STRIP VVPR ‡ | 130,726 | u | ||||||
Colruyt SA | 93,320 | 3,823 | ||||||
Canada—7.4% | ||||||||
Cenovus Energy, Inc. | 89,896 | 3,262 | ||||||
Corus Entertainment, Inc.—Class B ^ | 220,660 | 5,441 | ||||||
Goldcorp, Inc. | 112,000 | 4,288 | ||||||
Home Capital Group, Inc.—Class B | 59,100 | 2,875 | ||||||
MacDonald Dettwiler & Associates, Ltd. | 79,515 | 3,611 | ||||||
New Gold, Inc. ‡ | 421,100 | 3,837 | ||||||
Silver Wheaton Corp. | 128,600 | 3,926 | ||||||
Vermilion Energy, Inc. ^ | 71,300 | 3,457 | ||||||
Chile—1.1% | ||||||||
Sociedad Quimica y Minera de Chile SA ADR | 78,085 | 4,552 | ||||||
Denmark—3.1% | ||||||||
Novo Nordisk A/S—Class B | 39,042 | 5,759 | ||||||
Sydbank A/S ‡ | 176,710 | 3,072 | ||||||
Tryg A/S ^ | 74,650 | 4,164 | ||||||
France—7.5% | ||||||||
Alcatel-Lucent ‡ ^ | 2,333,130 | 3,595 | ||||||
Arkema SA | 44,985 | 3,984 | ||||||
CFAO SA ^ | 116,536 | 5,026 | ||||||
Eutelsat Communications SA | 70,957 | 2,526 | ||||||
LVMH Moet Hennessy Louis Vuitton SA ^ | 22,295 | 3,693 | ||||||
Rexel SA | 201,375 | 4,212 | ||||||
Sodexo | 103,840 | 8,269 | ||||||
Germany—7.6% | ||||||||
Brenntag AG | 55,070 | 6,859 | ||||||
Continental AG ^ | 22,330 | 2,164 | ||||||
Deutsche Boerse AG | 86,620 | 5,438 | ||||||
Deutsche Telekom AG | 283,010 | 3,191 | ||||||
Fresenius Medical Care AG & Co., KGaA | 88,481 | 6,281 | ||||||
Linde AG ^ | 35,809 | 6,130 | ||||||
NORMA Group ‡ | 62,085 | 1,671 | ||||||
Hong Kong—2.3% | ||||||||
China Liansu Group Holdings, Ltd. ^ | 4,242,900 | 2,674 | ||||||
China Mobile, Ltd. ADR | 74,265 | 4,110 | ||||||
Dongfeng Motor Group Co., Ltd.—Class H ^ | 1,529,300 | 3,020 | ||||||
Indonesia—0.4% | ||||||||
Bank Mandiri Persero PT | 2,230,900 | 1,796 | ||||||
Ireland—0.6% | ||||||||
DCC PLC | 101,376 | 2,561 | ||||||
Japan—12.9% | ||||||||
Bridgestone Corp. | 131,300 | 3,107 | ||||||
Jupiter Telecommunications Co., Ltd. | 7,921 | 8,394 | ||||||
Kansai Paint Co., Ltd. ^ | 433,800 | 4,669 | ||||||
Kenedix Realty Investment Corp.—Class A REIT ^ | 1,126 | 3,925 | ||||||
Nihon Kohden Corp. ^ | 207,700 | 6,058 | ||||||
NTT DoCoMo, Inc. | 2,195 | 3,748 | ||||||
Pigeon Corp. ^ | 69,600 | 2,777 | ||||||
SMC Corp. | 23,100 | 3,858 | ||||||
Softbank Corp. | 72,100 | 2,152 | ||||||
Sugi Holdings Co., Ltd. | 108,800 | 3,526 | ||||||
Sundrug Co., Ltd. ^ | 178,500 | 5,467 | ||||||
Toyota Motor Corp. | 153,100 | 6,273 |
Shares | Value (000’s) | |||||||
Korea, Republic of—3.2% | ||||||||
Hyundai Mobis | 16,315 | $ | 4,439 | |||||
Samsung Electronics Co., Ltd. | 4,381 | 5,388 | ||||||
Shinhan Financial Group Co., Ltd. | 101,625 | 3,552 | ||||||
Netherlands—5.6% | ||||||||
Akzo Nobel NV | 71,717 | 3,843 | ||||||
Imtech NV | 150,195 | 4,247 | ||||||
Koninklijke Ahold NV ^ | 359,883 | 4,565 | ||||||
Nutreco NV | 67,359 | 4,895 | ||||||
Sligro Food Group NV ^ | 2,170 | 66 | ||||||
Unilever NV | 184,595 | 6,322 | ||||||
Norway—3.1% | ||||||||
DnB ASA ^ | 329,690 | 3,554 | ||||||
ProSafe SE | 505,730 | 3,946 | ||||||
Subsea 7 SA ‡ ^ | 195,028 | 5,054 | ||||||
Singapore—1.1% | ||||||||
United Overseas Bank, Ltd. | 281,000 | 4,372 | ||||||
Sweden—2.9% | ||||||||
Axfood AB | 54,175 | 1,970 | ||||||
Elekta AB—Class B | 83,412 | 4,232 | ||||||
Nordea Bank AB | 212,605 | 1,885 | ||||||
Telefonaktiebolaget LM Ericsson—Class B ‡ | 361,105 | 3,578 | ||||||
Switzerland—11.2% | ||||||||
Bucher Industries AG | 21,512 | 4,264 | ||||||
Credit Suisse Group AG ‡ | 118,879 | 2,843 | ||||||
Givaudan SA ‡ | 5,544 | 5,381 | ||||||
Nestle SA | 79,393 | 4,863 | ||||||
Novartis AG | 69,681 | 3,842 | ||||||
Roche Holding AG | 37,854 | 6,915 | ||||||
SGS SA | 3,349 | 6,468 | ||||||
Sika AG | 2,099 | 4,447 | ||||||
Sulzer AG | 56,131 | 8,070 | ||||||
Turkey—0.5% | ||||||||
Sinpas Gayrimenkul Yatirim Ortakligi AS REIT |
| 2,827,763 |
| 2,013 | ||||
United Kingdom—19.8% | ||||||||
Amlin PLC | 856,346 | 4,583 | ||||||
BG Group PLC | 180,795 | 4,256 | ||||||
BHP Billiton PLC | 93,360 | 2,992 | ||||||
Bunzl PLC | 365,054 | 6,061 | ||||||
Cairn Energy PLC ‡ | 562,990 | 3,141 | ||||||
Chemring Group PLC | 736,010 | 3,900 | ||||||
Diploma PLC | 383,340 | 2,853 | ||||||
Experian Group, Ltd. | 281,377 | 4,441 | ||||||
Fidessa Group PLC | 83,332 | 2,096 | ||||||
ICAP PLC | 504,995 | 3,112 | ||||||
Informa PLC | 466,682 | 3,140 | ||||||
Mitie Group PLC § | 1,288,829 | 6,101 | ||||||
NovaTek OAO GDR | 22,190 | 2,820 | ||||||
Petrofac, Ltd. | 138,485 | 3,899 | ||||||
Reed Elsevier PLC | 474,680 | 3,929 | ||||||
Rio Tinto PLC ADR ^ | 59,100 | 3,314 | ||||||
RPS Group PLC § | 1,141,838 | 4,388 | ||||||
Synergy Health PLC § | 318,587 | 4,297 | ||||||
Tullow Oil PLC | 192,497 | 4,793 | ||||||
Vodafone Group PLC | 3,529,572 | 9,766 | ||||||
United States—1.4% | ||||||||
Willis Group Holdings PLC | 162,700 | 5,933 | ||||||
|
| |||||||
Total Common Stocks | 398,851 | |||||||
|
| |||||||
SECURITIES LENDING COLLATERAL—12.3% | ||||||||
State Street Navigator Securities | 51,433,727 | 51,434 | ||||||
Total Securities Lending Collateral |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 59 |
Transamerica International
(formerly, Transamerica Neuberger Berman International)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Principal (000’s) | Value (000’s) | |||||||
REPURCHASE AGREEMENT—3.0% |
| |||||||
State Street Bank & Trust | $ | 12,670 | $ | 12,670 | ||||
Total Repurchase Agreement | ||||||||
|
| |||||||
Total Investment Securities (cost $403,979)P | 462,955 | |||||||
|
| |||||||
Other Assets and Liabilities—Net | (44,123 | ) | ||||||
|
| |||||||
Net Assets | $ | 418,832 | ||||||
|
|
INVESTMENTS BY INDUSTRY: | Percentage of Total Investments | Value (000’s) | ||||||
Chemicals | 7.1 | % | $ | 33,005 | ||||
Media | 5.1 | 23,429 | ||||||
Oil, Gas & Consumable Fuels | 4.7 | 21,730 | ||||||
Metals & Mining | 4.5 | 20,872 | ||||||
Wireless Telecommunication Services | 4.3 | 19,776 | ||||||
Food & Staples Retailing | 4.2 | 19,417 | ||||||
Commercial Banks | 3.9 | 18,231 | ||||||
Machinery | 3.9 | 17,863 | ||||||
Trading Companies & Distributors | 3.7 | 17,132 | ||||||
Pharmaceuticals | 3.6 | 16,516 | ||||||
Food Products | 3.5 | 16,080 | ||||||
Insurance | 3.2 | 14,680 | ||||||
Energy Equipment & Services | 2.8 | 12,899 | ||||||
Professional Services | 2.3 | 10,909 | ||||||
Health Care Providers & Services | 2.3 | 10,578 | ||||||
Commercial Services & Supplies | 2.3 | 10,490 | ||||||
Health Care Equipment & Supplies | 2.2 | 10,290 | ||||||
Auto Components | 2.1 | 9,710 | ||||||
Automobiles | 2.0 | 9,293 | ||||||
Hotels, Restaurants & Leisure | 1.8 | 8,269 | ||||||
Communications Equipment | 1.5 | 7,173 | ||||||
Capital Markets | 1.3 | 5,955 | ||||||
Real Estate Investment Trusts | 1.3 | 5,938 | ||||||
Software | 1.2 | 5,707 | ||||||
Diversified Financial Services | 1.2 | 5,438 | ||||||
Semiconductors & Semiconductor Equipment | 1.2 | 5,388 | ||||||
Biotechnology | 1.1 | 5,106 | ||||||
Distributors | 1.1 | 5,026 | ||||||
Construction & Engineering | 0.9 | 4,247 | ||||||
Aerospace & Defense | 0.8 | 3,900 | ||||||
Textiles, Apparel & Luxury Goods | 0.8 | 3,693 | ||||||
Diversified Telecommunication Services | 0.7 | 3,191 | ||||||
Beverages | 0.7 | 3,180 | ||||||
Thrifts & Mortgage Finance | 0.6 | 2,875 | ||||||
Electronic Equipment & Instruments | 0.6 | 2,853 | ||||||
Household Products | 0.6 | 2,777 | ||||||
Building Products | 0.6 | 2,674 | ||||||
Industrial Conglomerates | 0.5 | 2,561 | ||||||
|
|
|
| |||||
Investment Securities, at Value | 86.2 | 398,851 | ||||||
Short-Term Investments | 13.8 | 64,104 | ||||||
|
|
|
| |||||
Total Investments | 100.0 | % | $ | 462,955 | ||||
|
|
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds
Semi-Annual Report 2012 | ||||
Page 60 |
Transamerica International
(formerly, Transamerica Neuberger Berman International)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
NOTES TO SCHEDULE OF INVESTMENTS (all amounts in thousands):
^ | All or a portion of this security is on loan. The value of all securities on loan is $48,918. |
‡ | Non-income producing security. |
u | Amount is less than 1. |
§ | Illiquid. Total aggregate market value of illiquid securities is $14,786, or 3.53% of the fund’s net assets. |
p | Rate shown reflects the yield at 04/30/2012. |
P | Aggregate cost for federal income tax purposes is $403,979. Aggregate gross unrealized appreciation/depreciation for all securities in which there is an excess of value over tax cost were $73,353 and $14,377, respectively. Net unrealized appreciation for tax purposes is $58,976. |
DEFINITIONS:
ADR | American Depositary Receipt | |
GDR | Global Depositary Receipt | |
OAO | Otkrytoe Aktsionemoe Obshchestvo (Russian: Open Joint Stock Corporation) | |
REIT | Real Estate Investment Trust (includes domestic REITs and Foreign Real Estate Investment Companies) | |
STRIP VVPR | Is a coupon which, if presented along with the corresponding coupon of the share, allows to benefit from a reduced withholding tax of 15% (rather than 25%) on the dividends paid by the company. |
VALUATION SUMMARY (all amounts in thousands): '
Investment Securities | Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Value at 04/30/2012 | ||||||||||||
Common Stocks | $ | 41,182 | $ | 357,669 | $ | — | $ | 398,851 | ||||||||
Repurchase Agreement | — | 12,670 | — | 12,670 | ||||||||||||
Securities Lending Collateral | 51,434 | — | — | 51,434 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total | $ | 92,616 | $ | 370,339 | $ | — | $ | 462,955 | ||||||||
|
|
|
|
|
|
|
|
' | See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 61 |
Transamerica International Equity Opportunities
(formerly, Transamerica MFS International Equity)
SCHEDULE OF INVESTMENTS
At April 30, 2012
(unaudited)
Shares | Value (000’s) | |||||||
COMMON STOCKS—100.5% |
| |||||||
Australia—3.0% | ||||||||
QBE Insurance Group, Ltd. | 339,109 | $ | 4,890 | |||||
Westpac Banking Corp. | 209,880 | 4,971 | ||||||
Brazil—2.2% | ||||||||
BM&FBovespa SA | 575,600 | 3,237 | ||||||
Tim Participacoes SA ADR ^ | 142,170 | 4,255 | ||||||
Canada—2.3% | ||||||||
Canadian National Railway Co. | 92,543 | 7,892 | ||||||
Czech Republic—0.9% |
| |||||||
Komercni Banka AS ^ | 16,668 | 3,065 | ||||||
France—11.9% | ||||||||
Air Liquide SA ^ | 50,072 | 6,440 | ||||||
Dassault Systemes SA | 19,628 | 1,905 | ||||||
Groupe Danone SA | 102,396 | 7,204 | ||||||
Legrand SA | 101,700 | 3,433 | ||||||
LVMH Moet Hennessy Louis Vuitton SA ^ | 52,440 | 8,687 | ||||||
Pernod-Ricard SA | 60,432 | 6,272 | ||||||
Schneider Electric SA ‡ | 109,941 | 6,754 | ||||||
Germany—12.1% |
| |||||||
Bayer AG ^ | 99,855 | 7,033 | ||||||
Beiersdorf AG ^ | 120,577 | 8,459 | ||||||
Deutsche Boerse AG | 43,123 | 2,707 | ||||||
Linde AG ^ | 76,793 | 13,144 | ||||||
Merck KGaA ^ | 34,471 | 3,787 | ||||||
SAP AG | 94,316 | 6,254 | ||||||
Hong Kong—3.9% |
| |||||||
AIA Group, Ltd. | 872,800 | 3,110 | ||||||
China Unicom, Ltd. ^ | 1,664,000 | 2,964 | ||||||
CNOOC, Ltd. | 877,000 | 1,870 | ||||||
Li & Fung, Ltd. | 2,560,000 | 5,477 | ||||||
India—2.1% | ||||||||
ICICI Bank, Ltd. ADR | 155,510 | 5,270 | ||||||
Infosys, Ltd. ADR ^ | 40,340 | 1,910 | ||||||
Japan—13.4% | ||||||||
Canon, Inc. | 108,400 | 4,914 | ||||||
Denso Corp. | 161,300 | 5,216 | ||||||
FANUC Corp. | 27,800 | 4,688 | ||||||
Honda Motor Co., Ltd. | 131,900 | 4,747 | ||||||
Hoya Corp. | 169,600 | 3,890 | ||||||
INPEX Corp. | 913 | 6,028 | ||||||
Lawson, Inc. ^ | 94,000 | 6,223 | ||||||
NTT DoCoMo, Inc. | 1,271 | 2,170 | ||||||
Shin-Etsu Chemical Co., Ltd. | 135,300 | 7,809 | ||||||
Korea, Republic of—1.9% |
| |||||||
Samsung Electronics Co., Ltd. | 5,351 | 6,582 | ||||||
Netherlands—8.0% | ||||||||
Akzo Nobel NV | 95,713 | 5,129 | ||||||
Heineken NV | 177,246 | 9,694 | ||||||
ING Groep NV ‡ | 840,301 | 5,926 | ||||||
Randstad Holding NV | 153,752 | 5,324 | ||||||
Wolters Kluwer NV ^ | 66,198 | 1,143 | ||||||
Singapore—0.3% | ||||||||
Singapore Telecommunications, Ltd. | 415,150 | 1,047 | ||||||
South Africa—0.6% |
| |||||||
MTN Group, Ltd. | 117,997 | 2,063 | ||||||
Spain—3.0% | ||||||||
Amadeus IT Holding SA—Class A | 266,569 | 5,448 | ||||||
Banco Santander SA | 558,431 | 3,489 | ||||||
Red Electrica Corp. SA | 28,701 | 1,250 | ||||||
Sweden—0.7% | ||||||||
Hennes & Mauritz AB—Class B ‡ | 72,190 | 2,480 | ||||||
Switzerland—10.7% | ||||||||
Cie Financiere Richemont SA | 37,181 | 2,298 | ||||||
Givaudan SA ‡ | 1,125 | 1,092 | ||||||
Julius Baer Group, Ltd. ‡ | 139,499 | 5,341 | ||||||
Nestle SA | 179,034 | 10,967 |
Shares | Value (000’s) | |||||||
Switzerland—(continued) |
| |||||||
Roche Holding AG | 38,561 | $ | 7,044 | |||||
Sonova Holding AG ‡ | 20,347 | 2,246 | ||||||
Swiss Re AG ‡ | 28,357 | 1,778 | ||||||
Synthes, Inc.—144A | 10,415 | 1,796 | ||||||
UBS AG ‡ | 349,344 | 4,361 | ||||||
Taiwan—2.8% | ||||||||
Hon Hai Precision Industry Co., Ltd. | 870,300 | 2,753 | ||||||
HTC Corp. | 91,700 | 1,391 | ||||||
Taiwan Semiconductor Manufacturing Co., | 355,141 | 5,533 | ||||||
United Kingdom—20.3% |
| |||||||
Barclays PLC | 620,764 | 2,199 | ||||||
BG Group PLC | 119,319 | 2,809 | ||||||
Burberry Group PLC | 85,964 | 2,072 | ||||||
Compass Group PLC | 761,930 | 7,963 | ||||||
Diageo PLC | 320,449 | 8,066 | ||||||
Hays PLC | 1,275,997 | 1,849 | ||||||
HSBC Holdings PLC | 1,263,926 | 11,385 | ||||||
Reckitt Benckiser Group PLC | 92,433 | 5,381 | ||||||
Rio Tinto PLC | 92,070 | 5,129 | ||||||
Royal Dutch Shell PLC—Class A | 164,945 | 5,870 | ||||||
Smiths Group PLC | 184,206 | 3,199 | ||||||
Standard Chartered PLC | 245,353 | 5,997 | ||||||
TESCO PLC | 165,833 | 854 | ||||||
WPP PLC | 504,481 | 6,824 | ||||||
United States—0.4% |
| |||||||
Delphi Automotive PLC ‡ | 43,860 | 1,346 | ||||||
|
| |||||||
Total Common Stocks |
| 343,793 | ||||||
|
| |||||||
SECURITIES LENDING COLLATERAL—9.8% |
| |||||||
State Street Navigator Securities Lending Trust—Prime Portfolio, 0.29% p | 33,669,953 | 33,670 | ||||||
Total Securities Lending Collateral |
| |||||||
|
| |||||||
Total Investment Securities | 377,463 | |||||||
Other Assets and Liabilities—Net | (35,327 | ) | ||||||
|
| |||||||
Net Assets | $ | 342,136 | ||||||
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 62 |
Transamerica International Equity Opportunities
(formerly, Transamerica MFS International Equity)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
INVESTMENTS BY INDUSTRY: | Percentage of Total Investments | Value (000’s) | ||||||
Commercial Banks | 9.6 | % | $ | 36,377 | ||||
Chemicals | 8.9 | 33,615 | ||||||
Beverages | 6.4 | 24,032 | ||||||
Food Products | 4.8 | 18,171 | ||||||
Pharmaceuticals | 4.7 | 17,864 | ||||||
Oil, Gas & Consumable Fuels | 4.4 | 16,577 | ||||||
Textiles, Apparel & Luxury Goods | 3.5 | 13,057 | ||||||
Semiconductors & Semiconductor Equipment | 3.2 | 12,115 | ||||||
Diversified Financial Services | 3.1 | 11,870 | ||||||
Electrical Equipment | 2.7 | 10,187 | ||||||
Insurance | 2.6 | 9,778 | ||||||
Capital Markets | 2.6 | 9,702 | ||||||
Wireless Telecommunication Services | 2.2 | 8,488 | ||||||
Personal Products | 2.2 | 8,459 | ||||||
Software | 2.2 | 8,158 | ||||||
Media | 2.1 | 7,967 | ||||||
Hotels, Restaurants & Leisure | 2.1 | 7,963 | ||||||
Road & Rail | 2.1 | 7,892 | ||||||
IT Services | 1.9 | 7,358 | ||||||
Professional Services | 1.9 | 7,173 | ||||||
Food & Staples Retailing | 1.9 | 7,077 | ||||||
Electronic Equipment & Instruments | 1.8 | 6,643 | ||||||
Auto Components | 1.7 | 6,562 | ||||||
Distributors | 1.5 | 5,477 | ||||||
Household Products | 1.4 | 5,381 | ||||||
Metals & Mining | 1.4 | 5,129 | ||||||
Office Electronics | 1.3 | 4,913 | ||||||
Automobiles | 1.3 | 4,747 | ||||||
Machinery | 1.2 | 4,688 | ||||||
Health Care Equipment & Supplies | 1.1 | 4,042 | ||||||
Diversified Telecommunication Services | 1.1 | 4,011 | ||||||
Industrial Conglomerates | 0.8 | 3,199 | ||||||
Specialty Retail | 0.7 | 2,480 | ||||||
Communications Equipment | 0.4 | 1,391 | ||||||
Electric Utilities | 0.3 | 1,250 | ||||||
|
|
|
| |||||
Investment Securities, at Value | 91.1 | 343,793 | ||||||
Short-Term Investments | 8.9 | 33,670 | ||||||
|
|
|
| |||||
Total Investments | 100.0 | % | $ | 377,463 | ||||
|
|
|
|
NOTES TO SCHEDULE OF INVESTMENTS (all amounts in thousands):
^ | All or a portion of this security is on loan. The value of all securities on loan is $32,137. |
‡ | Non-income producing security. |
p | Rate shown reflects the yield at 04/30/2012. |
P | Aggregate cost for federal income tax purposes is $367,297. Aggregate gross unrealized appreciation/depreciation for all securities in which there is an excess of value over tax cost were $36,695 and $26,529, respectively. Net unrealized appreciation for tax purposes is $10,166. |
DEFINITIONS (all amounts in thousands):
144A | 144A Securities are registered pursuant to Rule 144A of the Securities Act of 1933. These securities are deemed to be liquid for purposes of compliance limitations on holdings of illiquid securities and may be resold as transactions exempt from registration, normally to qualified institutional buyers. At 04/30/2012, these securities aggregated $1,796, or 0.52% of the fund’s net assets. | |
ADR | American Depositary Receipt |
VALUATION SUMMARY (all amounts in thousands): '
Investment Securities | Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Value at 04/30/2012 | ||||||||||||
Common Stocks | $ | 16,730 | $ | 327,063 | $ | — | $ | 343,793 | ||||||||
Securities Lending Collateral | 33,670 | — | — | 33,670 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total | $ | 50,400 | $ | 327,063 | $ | — | $ | 377,463 | ||||||||
|
|
|
|
|
|
|
|
' | See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 63 |
Transamerica International Small Cap
(formerly, Transamerica Schroders International Small Cap)
SCHEDULE OF INVESTMENTS
At April 30, 2012
(unaudited)
Shares | Value (000’s) | |||||||
COMMON STOCKS—96.6% |
| |||||||
Australia—8.7% | ||||||||
Amcor, Ltd. | 308,224 | $ | 2,415 | |||||
Ansell, Ltd. ^ | 164,557 | 2,545 | ||||||
Computershare, Ltd. | 369,778 | 3,240 | ||||||
Dart Energy, Ltd. ‡ | 3,651,228 | 1,084 | ||||||
Fletcher Building, Ltd. ^ | 164,951 | 844 | ||||||
Iluka Resources, Ltd. ^ | 118,189 | 2,093 | ||||||
James Hardie Industries SE | 87,388 | 682 | ||||||
Mesoblast, Ltd. ‡ ^ | 146,085 | 1,149 | ||||||
Mineral Deposits, Ltd. ‡ | 153,730 | 964 | ||||||
Mirvac Group REIT | 1,347,359 | 1,818 | ||||||
Myer Holdings, Ltd. ^ | 776,157 | 1,900 | ||||||
Sims Metal Management, Ltd. ^ | 156,203 | 2,315 | ||||||
Starpharma Holdings, Ltd. ‡ | 995,372 | 1,924 | ||||||
Transfield Services, Ltd. | 645,222 | 1,533 | ||||||
Whitehaven Coal, Ltd. ‡ ^ | 265,975 | 1,460 | ||||||
Austria—2.5% | ||||||||
Kapsch TrafficCom AG ^ | 38,000 | 3,395 | ||||||
Mayr Melnhof Karton AG ^ | 16,000 | 1,631 | ||||||
Rosenbauer International AG § | 50,000 | 2,979 | ||||||
Belgium—0.6% | ||||||||
Tessenderlo Chemie NV | 55,000 | 1,742 | ||||||
Brazil—0.6% | ||||||||
BR Properties SA ‡ | 86,558 | 1,074 | ||||||
Brazil Pharma SA ‡ | 180,000 | 1,039 | ||||||
Canada—0.3% | ||||||||
Niko Resources, Ltd. ^ | 20,030 | 844 | ||||||
China—0.2% | ||||||||
Concord Medical Services Holdings, Ltd. ADR ^ | 132,886 | 508 | ||||||
Denmark—1.2% | ||||||||
Jyske Bank A/S ‡ | 60,000 | 1,879 | ||||||
Sydbank A/S ‡ | 105,000 | 1,825 | ||||||
France—3.9% | ||||||||
Alten, Ltd. | 20,000 | 581 | ||||||
Bourbon SA ^ | 75,000 | 2,194 | ||||||
Club Mediterranee ‡ ^ | 90,000 | 1,726 | ||||||
Groupe Eurotunnel SA | 350,000 | 2,945 | ||||||
ID Logistics Group ‡ | 14,250 | 402 | ||||||
IPSOS | 20,000 | 649 | ||||||
Lectra § | 284,000 | 1,617 | ||||||
Medica SA | 115,000 | 1,778 | ||||||
Pierre & Vacances SA | 8,100 | 241 | ||||||
Germany—8.3% | ||||||||
CANCOM AG | 34,985 | 617 | ||||||
Carl Zeiss Meditec AG | 8,221 | 229 | ||||||
Cewe Color Holding AG | 15,000 | 661 | ||||||
Freenet AG ^ | 250,000 | 4,345 | ||||||
MTU Aero Engines Holding AG | 7,000 | 589 | ||||||
Prime Office REIT-AG ‡ | 90,000 | 486 | ||||||
PSI AG Gesellschaft Fuer Produkte und | 15,500 | 349 | ||||||
Rheinmetall AG | 70,000 | 3,931 | ||||||
RIB Software AG ‡ | 180,000 | 1,266 | ||||||
SAF-Holland SA ‡ | 290,000 | 2,438 | ||||||
STRATEC Biomedical AG ‡ | 40,000 | 1,905 | ||||||
Takkt AG | 80,000 | 1,175 | ||||||
Tipp24 SE ‡ | 30,000 | 1,704 | ||||||
Tom Tailor Holding AG ‡ | 160,000 | 2,975 | ||||||
Wirecard AG | 92,000 | 1,705 | ||||||
XING AG ‡ | 8,500 | 633 | ||||||
Hong Kong—5.4% | ||||||||
Comba Telecom Systems Holdings, Ltd. ^ | 1,711,500 | 946 | ||||||
Convenience Retail Asia, Ltd. | 1,192,000 | 639 | ||||||
Dah Sing Banking Group, Ltd. | 1,749,640 | 1,815 | ||||||
EVA Precision Industrial Holdings, Ltd. | 3,578,000 | 604 | ||||||
Evergreen International Holdings, Ltd. | 4,115,000 | 1,162 |
Shares | Value (000’s) | |||||||
Hong Kong (continued) |
| |||||||
Leoch International Technology, Ltd. | 7,959,000 | $ | 1,990 | |||||
Parkson Retail PLC | 931,500 | 1,041 | ||||||
Ports Design, Ltd. ^ə | 1,430,500 | 2,101 | ||||||
Techtronic Industries Co. ^ | 2,004,000 | 2,420 | ||||||
West China Cement, Ltd. ^ | 2,704,000 | 652 | ||||||
Yue Yuen Industrial Holdings | 405,500 | 1,359 | ||||||
Yuexiu Transport Infrastructure, Ltd. | 4,480,000 | 2,165 | ||||||
India—0.2% | ||||||||
Natuzzi SpA ADR ^‡ § | 200,000 | 556 | ||||||
Indonesia—1.0% | ||||||||
Ciputra Property PT | 36,066,000 | 3,100 | ||||||
Ireland—3.1% | ||||||||
DCC PLC | 140,000 | 3,521 | ||||||
Grafton Group PLC | 400,000 | 1,765 | ||||||
IFG Group PLC | 740,000 | 1,480 | ||||||
Irish Continental Group PLC | 85,000 | 1,772 | ||||||
Smurfit Kappa Group PLC | 100,000 | 842 | ||||||
Italy—3.8% | ||||||||
Amplifon SpA | 150,000 | 822 | ||||||
Azimut Holding SpA | 350,000 | 3,438 | ||||||
Banca Popolare di Milano | 1,000,000 | 491 | ||||||
Brunello Cucinelli SpA ‡ | 34,984 | 556 | ||||||
Cairo Communication SpA | 330,000 | 1,389 | ||||||
Prysmian SpA | 180,000 | 2,930 | ||||||
Safilo Group SpA ‡ ^ | 120,000 | 788 | ||||||
Sorin SpA ‡ | 300,000 | 563 | ||||||
Japan—17.1% | ||||||||
Accordia Golf Co., Ltd. | 2,304 | 1,788 | ||||||
AICA Kogyo Co., Ltd. ^ | 29,300 | 429 | ||||||
Arcs Co., Ltd. | 92,300 | 1,984 | ||||||
Asahi Diamond Industrial Co., Ltd.^ | 72,400 | 801 | ||||||
Capcom Co., Ltd. | 67,700 | 1,546 | ||||||
Daido Steel Co., Ltd. ^ | 153,000 | 949 | ||||||
Exedy Corp. ^ | 30,700 | 863 | ||||||
Fujikura Kasei Co., Ltd. | 71,600 | 417 | ||||||
Glory, Ltd. | 79,700 | 1,714 | ||||||
Hitachi Transport System, Ltd. ^ | 59,900 | 1,096 | ||||||
Icom, Inc. | 10,900 | 273 | ||||||
JSP Corp. | 81,900 | 1,118 | ||||||
Koito Manufacturing Co., Ltd. ^ | 59,000 | 913 | ||||||
Kureha Corp. ^ | 385,000 | 1,838 | ||||||
Kuroda Electric Co., Ltd. | 100,500 | 1,027 | ||||||
Lintec Corp. | 56,400 | 1,090 | ||||||
Mitsui Sugar Co., Ltd. | 199,000 | 650 | ||||||
Miura Co., Ltd. | 14,300 | 370 | ||||||
Modec, Inc. ^ | 121,300 | 2,538 | ||||||
Musashi Seimitsu Industry Co., Ltd. | 112,700 | 2,638 | ||||||
Nabtesco Corp. ^ | 27,600 | 589 | ||||||
NEC Networks & System Integration Corp. ^ | 130,900 | 1,948 | ||||||
Nichi-iko Pharmaceutical Co., Ltd. ^ | 78,300 | 1,625 | ||||||
Nidec Copal Corp. ^ | 52,600 | 639 | ||||||
Nifco, Inc. ^ | 19,600 | 527 | ||||||
Nihon Parkerizing Co., Ltd. | 160,000 | 2,390 | ||||||
Nippon Soda Co., Ltd. | 457,000 | 1,973 | ||||||
Nippon Thompson Co., Ltd. ^ | 204,000 | 1,128 | ||||||
Nitta Corp. ^ | 110,200 | 2,092 | ||||||
Shinko Plantech Co., Ltd. ^ | 62,100 | 524 | ||||||
Takasago International Corp. | 265,000 | 1,331 | ||||||
Tokai Tokyo Financial Holdings, Inc. ^ | 593,000 | 2,112 | ||||||
Toyo Tanso Co., Ltd. ^ | 35,800 | 1,307 | ||||||
Trusco Nakayama Corp. | 114,900 | 2,438 | ||||||
Tsumura & Co. | 51,000 | 1,363 | ||||||
Tsuruha Holdings, Inc. ^ | 17,300 | 1,036 | ||||||
Tsutsumi Jewelry Co., Ltd. | 52,300 | 1,530 | ||||||
Unipres Corp. | 64,800 | 2,036 | ||||||
Yushin Precision Equipment Co., Ltd. | 75,500 | 1,714 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 64 |
Transamerica International Small Cap
(formerly, Transamerica Schroders International Small Cap)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Shares | Value (000’s) | |||||||
Korea, Republic of—2.5% |
| |||||||
BS Financial Group, Inc. | 281,410 | $ | 2,902 | |||||
Hankook Tire Co., Ltd. | 52,170 | 2,211 | ||||||
Mando Corp. | 18,474 | 2,960 | ||||||
Malaysia—0.2% | ||||||||
Media Prima Bhd | 855,900 | 721 | ||||||
Netherlands—4.2% | ||||||||
Delta Lloyd NV | 240,000 | 4,045 | ||||||
Imtech NV ^ | 140,000 | 3,958 | ||||||
Koninklijke Ten Cate NV ^ | 65,000 | 1,981 | ||||||
LBi International NV ‡ | 600,000 | 2,121 | ||||||
Mediq NV | 61,410 | 815 | ||||||
New Zealand—1.8% | ||||||||
Chorus, Ltd. ‡ | 733,407 | 2,057 | ||||||
Fletcher Building, Ltd. | 673,748 | 3,449 | ||||||
Norway—1.4% | ||||||||
Dockwise, Ltd. ‡ ^ | 55,000 | 1,096 | ||||||
Morpol ASA ‡ | 400,000 | 666 | ||||||
Pronova BioPharma AS ‡ | 433,871 | 544 | ||||||
Storebrand ASA ‡ | 400,000 | 1,798 | ||||||
Singapore—2.4% | ||||||||
First Resources, Ltd. ^ | 677,000 | 1,028 | ||||||
Goodpack, Ltd. | 126,000 | 164 | ||||||
Mapletree Industrial Trust REIT ^ | 2,089,800 | 1,907 | ||||||
STX OSV Holdings, Ltd. ^ | 1,691,000 | 2,186 | ||||||
UOL Group, Ltd. | 317,000 | 1,158 | ||||||
Yanlord Land Group, Ltd. ^ | 1,174,000 | 1,100 | ||||||
Spain—0.5% | ||||||||
Codere SA ‡ ^ | 110,000 | 874 | ||||||
Pescanova SA | 25,000 | 755 | ||||||
Sweden—1.3% | ||||||||
Byggmax Group AB | 450,000 | 2,845 | ||||||
FinnvedenBulten AB | 205,000 | 1,281 | ||||||
Switzerland—4.7% | ||||||||
Forbo Holding AG ‡ | 3,000 | 2,168 | ||||||
Gategroup Holding AG ‡ | 110,000 | 3,732 | ||||||
Helvetia Holding AG | 10,500 | 3,760 | ||||||
Kuoni Reisen Holding AG ‡ | 7,700 | 2,777 | ||||||
Orior AG ‡ § | 40,000 | 2,186 | ||||||
Taiwan—1.2% | ||||||||
CTCI Corp. | 681,000 | 1,315 | ||||||
Lung Yen Life Service Corp. | 292,000 | 886 | ||||||
Merida Industry Co., Ltd. | 351,000 | 1,322 | ||||||
United Kingdom—19.5% | ||||||||
A.G.BARR PLC | 60,000 | 1,132 | ||||||
Albemarle & Bond Holdings ^ | 250,000 | 1,294 | ||||||
AMEC PLC | 55,000 | 1,013 | ||||||
Anglo Pacific Group PLC | 350,000 | 1,818 | ||||||
Ashtead Group PLC | 500,000 | 2,016 | ||||||
Berendsen PLC | 150,000 | 1,254 | ||||||
Berkeley Group Holdings PLC ‡ | 67,000 | 1,393 | ||||||
Bovis Homes Group PLC | 135,741 | 1,019 | ||||||
Consort Medical PLC | 100,000 | 1,076 | ||||||
CSR PLC | 250,000 | 936 | ||||||
Daily Mail & General Trust PLC | 150,000 | 1,013 | ||||||
De La Rue PLC | 50,000 | 792 | ||||||
Debenhams PLC | 1,000,000 | 1,341 | ||||||
Dechra Pharmaceuticals PLC | 200,000 | 1,498 | ||||||
Derwent London PLC REIT | 50,285 | 1,422 | ||||||
Devro PLC | 450,000 | 2,252 | ||||||
Dignity PLC | 110,000 | 1,500 | ||||||
E2V Technologies PLC | 750,000 | 1,777 | ||||||
Elementis PLC | 550,000 | 1,857 | ||||||
Exillon Energy PLC ‡ | 325,000 | 732 | ||||||
Fidessa Group PLC | 25,000 | 629 | ||||||
Future PLC | 1,200,000 | 209 | ||||||
Grainger PLC | 854,036 | 1,375 | ||||||
Halma PLC | 150,000 | 986 |
Shares | Value (000’s) | |||||||
United Kingdom (continued) |
| |||||||
IG Group Holdings PLC | 100,000 | $ | 751 | |||||
Inchcape PLC | 200,000 | 1,188 | ||||||
John Wood Group PLC | 155,555 | 1,972 | ||||||
Keller Group PLC | 154,801 | 1,131 | ||||||
Kier Group PLC | 50,000 | 946 | ||||||
Lamprell PLC | 325,000 | 1,835 | ||||||
Millennium & Copthorne Hotels PLC | 210,000 | 1,656 | ||||||
Morgan Crucible Co. PLC | 270,000 | 1,424 | ||||||
Pennon Group PLC | 140,000 | 1,672 | ||||||
Premier Oil PLC ‡ | 225,000 | 1,366 | ||||||
PZ Cussons PLC ^ | 175,000 | 944 | ||||||
Regus PLC | 600,000 | 1,039 | ||||||
SDL PLC | 140,000 | 1,617 | ||||||
Senior PLC | 750,000 | 2,594 | ||||||
Shanks Group PLC | 950,000 | 1,426 | ||||||
SIG PLC | 800,000 | 1,367 | ||||||
Travis Perkins PLC ^ | 100,000 | 1,704 | ||||||
TT electronics PLC | 221,688 | 684 | ||||||
Ultra Electronics Holdings PLC | 40,000 | 1,094 | ||||||
Vitec Group PLC | 117,844 | 1,274 | ||||||
William Hill PLC | 325,000 | 1,484 | ||||||
Yule Catto & Co. PLC | 250,000 | 945 | ||||||
|
| |||||||
Total Common Stocks |
| 296,489 | ||||||
|
| |||||||
RIGHT—0.0% ¥ | ||||||||
United Kingdom—0.0% ¥ | ||||||||
Dechra Pharmaceuticals PLC ‡ | 60,000 | 153 | ||||||
Total Right (cost $u) | ||||||||
SECURITIES LENDING COLLATERAL—13.5% |
| |||||||
State Street Navigator Securities Lending | 41,386,848 | 41,387 | ||||||
Total Securities Lending Collateral |
|
Principal (000’s) | Value (000’s) | |||||||
REPURCHASE AGREEMENT—0.7% |
| |||||||
State Street Bank & Trust Co. 0.03% p, dated 04/30/2012, to be repurchased at $2,280 on 05/01/2012. Collateralized by a U.S. Government Agency Obligation, 3.00%, due 12/01/2026, and with a value of $2,327. | $ | 2,280 | 2,280 | |||||
Total Repurchase Agreement |
| |||||||
|
| |||||||
Total Investment Securities |
| 340,309 | ||||||
Other Assets and Liabilities—Net | (33,148 | ) | ||||||
|
| |||||||
Net Assets | $ | 307,161 | ||||||
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 65 |
Transamerica International Small Cap
(formerly, Transamerica Schroders International Small Cap)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
INVESTMENTS BY INDUSTRY: | Percentage of Total Investments | Value (000’s) | ||||||
Machinery | 4.7 | % | $ | 16,008 | ||||
Auto Components | 4.7 | 15,867 | ||||||
Chemicals | 4.3 | 14,701 | ||||||
Hotels, Restaurants & Leisure | 3.6 | 12,250 | ||||||
Energy Equipment & Services | 3.3 | 11,172 | ||||||
Commercial Services & Supplies | 3.1 | 10,437 | ||||||
Trading Companies & Distributors | 3.0 | 10,317 | ||||||
Construction & Engineering | 3.0 | 10,184 | ||||||
Insurance | 2.8 | 9,603 | ||||||
Commercial Banks | 2.6 | 8,912 | ||||||
Specialty Retail | 2.5 | 8,513 | ||||||
Real Estate Management & Development | 2.3 | 7,807 | ||||||
Household Durables | 2.2 | 7,556 | ||||||
Industrial Conglomerates | 2.2 | 7,452 | ||||||
Oil, Gas & Consumable Fuels | 2.1 | 7,304 | ||||||
Pharmaceuticals | 2.1 | 7,107 | ||||||
Software | 2.1 | 7,024 | ||||||
Food & Staples Retailing | 2.0 | 6,884 | ||||||
Electronic Equipment & Instruments | 2.0 | 6,842 | ||||||
Textiles, Apparel & Luxury Goods | 2.0 | 6,785 | ||||||
Metals & Mining | 1.9 | 6,321 | ||||||
Health Care Equipment & Supplies | 1.9 | 6,318 | ||||||
Electrical Equipment | 1.8 | 6,227 | ||||||
IT Services | 1.8 | 6,143 | ||||||
Real Estate Investment Trusts | 1.7 | 5,633 | ||||||
Construction Materials | 1.7 | 5,627 | ||||||
Capital Markets | 1.6 | 5,550 | ||||||
Food Products | 1.6 | 5,351 | ||||||
Containers & Packaging | 1.4 | 4,888 | ||||||
Wireless Telecommunication Services | 1.3 | 4,345 | ||||||
Multiline Retail | 1.3 | 4,282 | ||||||
Road & Rail | 1.2 | 4,041 | ||||||
Media | 1.2 | 3,981 | ||||||
Marine | 1.2 | 3,958 | ||||||
Health Care Providers & Services | 1.1 | 3,923 | ||||||
Leisure Equipment & Products | 0.9 | 3,235 | ||||||
Internet Software & Services | 0.8 | 2,754 | ||||||
Diversified Financial Services | 0.7 | 2,231 | ||||||
Transportation Infrastructure | 0.6 | 2,165 | ||||||
Diversified Telecommunication Services | 0.6 | 2,057 | ||||||
Aerospace & Defense | 0.5 | 1,683 | ||||||
Water Utilities | 0.5 | 1,672 | ||||||
Diversified Consumer Services | 0.4 | 1,500 | ||||||
Consumer Finance | 0.4 | 1,294 | ||||||
Communications Equipment | �� | 0.4 | 1,219 | |||||
Distributors | 0.3 | 1,188 | ||||||
Internet & Catalog Retail | 0.3 | 1,175 | ||||||
Biotechnology | 0.3 | 1,149 | ||||||
Beverages | 0.3 | 1,132 | ||||||
Household Products | 0.3 | 944 | ||||||
Semiconductors & Semiconductor Equipment | 0.3 | 936 | ||||||
Air Freight & Logistics | 0.2 | 566 | ||||||
Building Products | 0.1 | 429 | ||||||
|
|
|
| |||||
Investment Securities, at Value | 87.2 | 296,642 | ||||||
Short-Term Investments | 12.8 | 43,667 | ||||||
|
|
|
| |||||
Total Investments | 100.0 | % | $ | 340,309 | ||||
|
|
|
|
NOTES TO SCHEDULE OF INVESTMENTS (all amounts in thousands):
^ | All or a portion of this security is on loan. The value of all securities on loan is $38,751. |
‡ | Non-income producing security. |
§ | Illiquid. Total aggregate market value of illiquid securities is $7,338, or 2.39% of the fund’s net assets. |
ə | Fair valued as determined in good faith in accordance with procedures established by the Board of Trustees. Total aggregate market value of fair valued securities is $2,101 or 0.68% of the fund’s net assets. |
¥ | Percentage rounds to less than 0.1%. |
p | Rate shown reflects the yield at 04/30/2012. |
P | Aggregate cost for federal income tax purposes is $312,827. Aggregate gross unrealized appreciation/depreciation for all securities in which there is an excess of value over tax cost were $55,530 and $28,048, respectively. Net unrealized appreciation for tax purposes is $27,482. |
u | Amount is less than 1. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 66 |
Transamerica International Small Cap
(formerly, Transamerica Schroders International Small Cap)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
DEFINITIONS:
ADR | American Depositary Receipt | |
REIT | Real Estate Investment Trust (includes domestic REITs and Foreign Real Estate Investment Companies) |
VALUATION SUMMARY (all amounts in thousands): '
Investment Securities | Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Value at 04/30/2012 | ||||||||||||
Common Stocks | $ | 2,957 | $ | 293,532 | $ | — | $ | 296,489 | ||||||||
Repurchase Agreement | — | 2,280 | — | 2,280 | ||||||||||||
Right | — | 153 | — | 153 | ||||||||||||
Securities Lending Collateral | 41,387 | — | — | 41,387 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total | $ | 44,344 | $ | 295,965 | $ | — | $ | 340,309 | ||||||||
|
|
|
|
|
|
|
|
' | See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 67 |
Transamerica International Value
(formerly, Transamerica Hansberger International Value)
SCHEDULE OF INVESTMENTS
At April 30, 2012
(unaudited)
Shares | Value (000’s) | |||||||
PREFERRED STOCKS—2.5% |
| |||||||
Germany—2.5% | ||||||||
Henkel AG & Co., KGaA , 1.42% p | 23,045 | $ | 1,714 | |||||
Volkswagen AG , 3.74% p^ | 9,420 | 1,785 | ||||||
|
| |||||||
Total Preferred Stocks |
| 3,499 | ||||||
|
| |||||||
COMMON STOCKS—95.7% |
| |||||||
Australia—3.0% | ||||||||
Commonwealth Bank of Australia | 35,508 | 1,923 | ||||||
Westpac Banking Corp. ^ | 94,981 | 2,249 | ||||||
Brazil—4.8% | ||||||||
Banco Bradesco SA ADR ^ | 103,382 | 1,657 | ||||||
Cia Energetica de Minas Gerais ADR ^ | 76,960 | 1,899 | ||||||
Gafisa SA ADR ^ | 167,975 | 618 | ||||||
Petroleo Brasileiro SA ADR | 54,334 | 1,279 | ||||||
Vale SA—Class B ADR ^ | 65,339 | 1,413 | ||||||
Canada—5.4% | ||||||||
Bank of Nova Scotia ^ | 46,875 | 2,599 | ||||||
Canadian National Railway Co. | 22,821 | 1,946 | ||||||
Potash Corp. of Saskatchewan, Inc. | 30,926 | 1,314 | ||||||
Teck Resources, Ltd.—Class B | 46,269 | 1,727 | ||||||
France—5.3% | ||||||||
BNP Paribas SA | 41,539 | 1,669 | ||||||
Faurecia ^ | 65,071 | 1,399 | ||||||
GDF Suez ^ | 40,945 | 943 | ||||||
Sanofi | 24,805 | 1,893 | ||||||
Total SA | 33,422 | 1,596 | ||||||
Germany—5.1% | ||||||||
Adidas AG | 18,933 | 1,579 | ||||||
Bayer AG ^ | 24,858 | 1,751 | ||||||
SAP AG | 34,629 | 2,296 | ||||||
Siemens AG | 19,021 | 1,762 | ||||||
Hong Kong—13.1% | ||||||||
China Construction Bank Corp.—Class H | 2,570,000 | 2,004 | ||||||
China Overseas Land & Investment, Ltd. ^ | 860,000 | 1,867 | ||||||
China Shenhua Energy Co., Ltd.—Class H ‡ | 441,500 | 1,960 | ||||||
China State Construction International | 3,514,800 | 3,248 | ||||||
China ZhengTong Auto Services Holdings, | 1,325,000 | 1,308 | ||||||
Chow Tai Fook Jewellery Group, Ltd. ‡ ^ | 879,400 | 1,324 | ||||||
HSBC Holdings PLC | 150,800 | 1,374 | ||||||
Ping An Insurance Group Co.—Class H ^ | 211,500 | 1,770 | ||||||
Weichai Power Co., Ltd. ‡ ^ | 407,000 | 1,912 | ||||||
Wing Hang Bank, Ltd. | 161,500 | 1,718 | ||||||
India—2.1% | ||||||||
ICICI Bank, Ltd. ADR | 50,773 | 1,721 | ||||||
Infosys, Ltd. ADR ^ | 27,447 | 1,300 | ||||||
Italy—1.3% | ||||||||
ENI SpA | 80,319 | 1,783 | ||||||
Japan—15.2% | ||||||||
Asahi Glass Co., Ltd. | 168,000 | 1,321 | ||||||
Astellas Pharma, Inc. | 51,900 | 2,104 | ||||||
Bank of Yokohama, Ltd. ^ | 286,000 | 1,385 | ||||||
Canon, Inc. | 51,400 | 2,330 | ||||||
FANUC Corp. | 16,000 | 2,698 | ||||||
Mitsui & Co., Ltd. ^ | 85,600 | 1,337 | ||||||
Nintendo Co., Ltd. | 10,000 | 1,350 | ||||||
Shin-Etsu Chemical Co., Ltd. | 43,900 | 2,534 | ||||||
Sumitomo Corp. | 109,800 | 1,560 | ||||||
Sumitomo Mitsui Trust Holdings, Inc. ^ | 502,999 | 1,474 | ||||||
THK Co., Ltd. | 79,800 | 1,596 | ||||||
Toyota Motor Corp. | 41,600 | 1,705 | ||||||
Korea, Republic of—3.0% |
| |||||||
KB Financial Group, Inc. | 41,684 | 1,420 | ||||||
Samsung Electronics Co., Ltd. | 2,269 | 2,791 |
Shares | Value (000’s) | |||||||
Netherlands—0.8% | ||||||||
ArcelorMittal | 68,618 | $ | 1,187 | |||||
Norway—1.0% | ||||||||
Subsea 7 SA ‡ | 54,705 | 1,418 | ||||||
Russian Federation—3.5% |
| |||||||
Gazprom OAO ADR | 107,315 | 1,231 | ||||||
Lukoil OAO ADR | 23,712 | 1,455 | ||||||
MMC Norilsk Nickel OJSC ADR | 64,822 | 1,150 | ||||||
Sberbank of Russia | 488,382 | 1,103 | ||||||
Singapore—1.4% | ||||||||
DBS Group Holdings, Ltd. | 177,000 | 1,997 | ||||||
South Africa—1.6% | ||||||||
MTN Group, Ltd. ^ | 128,647 | 2,249 | ||||||
Sweden—1.2% | ||||||||
Sandvik AB | 111,044 | 1,760 | ||||||
Switzerland—7.8% | ||||||||
ABB, Ltd. ‡ | 99,698 | 1,817 | ||||||
Cie Financiere Richemont SA | 24,669 | 1,525 | ||||||
Credit Suisse Group AG ‡ | 45,390 | 1,086 | ||||||
Nestle SA | 53,383 | 3,270 | ||||||
Novartis AG | 26,038 | 1,436 | ||||||
Roche Holding AG | 10,383 | 1,897 | ||||||
Taiwan—2.1% | ||||||||
HTC Corp. | 69,000 | 1,047 | ||||||
Taiwan Semiconductor Manufacturing Co., | 131,672 | 2,051 | ||||||
United Kingdom—16.5% | ||||||||
Barclays PLC | 607,288 | 2,151 | ||||||
BHP Billiton PLC | 68,300 | 2,188 | ||||||
BP PLC | 328,902 | 2,374 | ||||||
Eurasian Natural Resources Corp., PLC | 186,755 | 1,696 | ||||||
Evraz PLC ‡ | 229,702 | 1,377 | ||||||
GlaxoSmithKline PLC | 57,631 | 1,333 | ||||||
ICAP PLC | 235,270 | 1,449 | ||||||
Prudential PLC | 131,267 | 1,607 | ||||||
Standard Chartered PLC | 60,425 | 1,477 | ||||||
TESCO PLC | 346,486 | 1,784 | ||||||
Unilever PLC | 113,287 | 3,867 | ||||||
Vodafone Group PLC | 850,534 | 2,353 | ||||||
United States—1.5% | ||||||||
Suncor Energy, Inc. ^ | 63,785 | 2,107 | ||||||
|
| |||||||
Total Common Stocks |
| 135,848 | ||||||
|
| |||||||
SECURITIES LENDING COLLATERAL—12.9% |
| |||||||
State Street Navigator Securities Lending | 18,280,082 | 18,280 | ||||||
Total Securities Lending Collateral |
| |||||||
|
| |||||||
Total Investment Securities | 157,627 | |||||||
Other Assets and Liabilities—Net | (15,699 | ) | ||||||
|
| |||||||
Net Assets | $ | 141,928 | ||||||
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 68 |
Transamerica International Value
(formerly, Transamerica Hansberger International Value)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
INVESTMENTS BY INDUSTRY: | Percentage of Total Investments | Value (000’s) | ||||||
Commercial Banks | 17.7 | % | $ | 27,922 | ||||
Oil, Gas & Consumable Fuels | 8.8 | 13,786 | ||||||
Metals & Mining | 6.8 | 10,739 | ||||||
Pharmaceuticals | 6.6 | 10,414 | ||||||
Machinery | 5.1 | 7,966 | ||||||
Food Products | 4.5 | 7,137 | ||||||
Semiconductors & Semiconductor Equipment | 3.1 | 4,842 | ||||||
Wireless Telecommunication Services | 2.9 | 4,602 | ||||||
Chemicals | 2.4 | 3,848 | ||||||
Software | 2.3 | 3,646 | ||||||
Automobiles | 2.2 | 3,489 | ||||||
Insurance | 2.1 | 3,376 | ||||||
Construction & Engineering | 2.1 | 3,248 | ||||||
Textiles, Apparel & Luxury Goods | 2.0 | 3,104 | ||||||
Trading Companies & Distributors | 1.8 | 2,897 | ||||||
Specialty Retail | 1.7 | 2,632 | ||||||
Capital Markets | 1.6 | 2,534 | ||||||
Office Electronics | 1.5 | 2,330 | ||||||
Road & Rail | 1.2 | 1,946 | ||||||
Electric Utilities | 1.2 | 1,899 | ||||||
Real Estate Management & Development | 1.2 | 1,867 | ||||||
Electrical Equipment | 1.2 | 1,817 | ||||||
Food & Staples Retailing | 1.1 | 1,784 | ||||||
Industrial Conglomerates | 1.1 | 1,762 | ||||||
Household Products | 1.1 | 1,714 | ||||||
Energy Equipment & Services | 0.9 | 1,418 | ||||||
Auto Components | 0.9 | 1,399 | ||||||
Building Products | 0.8 | 1,321 | ||||||
IT Services | 0.8 | 1,300 | ||||||
Communications Equipment | 0.7 | 1,047 | ||||||
Multi-Utilities | 0.6 | 943 | ||||||
Household Durables | 0.4 | 618 | ||||||
|
|
|
| |||||
Investment Securities, at Value | 88.4 | 139,347 | ||||||
Short-Term Investments | 11.6 | 18,280 | ||||||
|
|
|
| |||||
Total Investments | 100.0 | % | $ | 157,627 | ||||
|
|
|
|
NOTES TO SCHEDULE OF INVESTMENTS (all amounts in thousands):
p | Rate shown reflects the yield at 04/30/2012. |
^ | All or a portion of this security is on loan. The value of all securities on loan is $17,460. |
‡ | Non-income producing security. |
P | Aggregate cost for federal income tax purposes is $170,836. Aggregate gross unrealized appreciation/depreciation for all securities in which there is an excess of value over tax cost were $9,055 and $22,264, respectively. Net unrealized depreciation for tax purposes is $13,209. |
DEFINITIONS:
ADR | American Depositary Receipt | |
OAO | Otkrytoe Aktsionernoe Obschesto (Russian: Open Joint Stock Corporation) | |
OJSC | Open Joint Stock Company |
VALUATION SUMMARY (all amounts in thousands): '
Investment Securities | Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Value at 04/30/2012 | ||||||||||||
Common Stocks | $ | 16,559 | $ | 119,289 | $ | — | $ | 135,848 | ||||||||
Preferred Stocks | — | 3,499 | — | 3,499 | ||||||||||||
Securities Lending Collateral | 18,280 | — | — | 18,280 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total | $ | 34,839 | $ | 122,788 | $ | — | $ | 157,627 | ||||||||
|
|
|
|
|
|
|
|
' | See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 69 |
Transamerica International Value Opportunities
(formerly, Transamerica Thornburg International Value)
SCHEDULE OF INVESTMENTS
At April 30, 2012
(unaudited)
Shares | Value (000’s) | |||||||
PREFERRED STOCKS—1.8% |
| |||||||
Germany—1.8% | ||||||||
Volkswagen AG , 3.74% p | 42,941 | $ | 8,134 | |||||
United Kingdom—0.0% ¥ | ||||||||
Rolls-Royce Holdings PLC | 34,070,520 | 55 | ||||||
|
| |||||||
Total Preferred Stocks (cost $4,314) |
| 8,189 | ||||||
|
| |||||||
COMMON STOCKS—95.9% |
| |||||||
Australia—1.3% | ||||||||
BHP Billiton, Ltd. ^ | 159,892 | 5,923 | ||||||
Brazil—4.0% | ||||||||
BM&FBovespa SA | 687,600 | 3,867 | ||||||
Embraer SA ADR ‡ | 154,427 | 5,349 | ||||||
Itau Unibanco Holding SA ADR | 224,600 | 3,524 | ||||||
Natura Cosmeticos SA | 224,500 | 5,153 | ||||||
Canada—5.7% | ||||||||
Canadian National Railway Co. | 97,689 | 8,336 | ||||||
Canadian Natural Resources, Ltd. | 171,414 | 5,955 | ||||||
Cenovus Energy, Inc. | 130,397 | 4,732 | ||||||
Potash Corp. of Saskatchewan, Inc. | 155,545 | 6,608 | ||||||
China—0.5% | ||||||||
Baidu, Inc. ADR ‡ | 17,388 | 2,307 | ||||||
Denmark—3.0% | ||||||||
Novo Nordisk A/S—Class B | 91,232 | 13,457 | ||||||
France—7.3% | ||||||||
Air Liquide SA | 64,492 | 8,295 | ||||||
Cie Generale des Etablissements Michelin—Class B | 62,633 | 4,678 | ||||||
LVMH Moet Hennessy Louis Vuitton SA | 66,090 | 10,949 | ||||||
Publicis Groupe SA | 132,647 | 6,841 | ||||||
Vallourec SA | 46,200 | 2,778 | ||||||
Germany—9.7% | ||||||||
Adidas AG | 136,526 | 11,385 | ||||||
Allianz SE | 62,000 | 6,909 | ||||||
Fresenius Medical Care AG & Co., KGaA | 115,235 | 8,181 | ||||||
SAP AG | 153,227 | 10,160 | ||||||
Siemens AG | 82,500 | 7,641 | ||||||
Hong Kong—10.6% | ||||||||
China Life Insurance Co., Ltd.—Class H ‡ | 1,367,688 | 3,702 | ||||||
China Merchants Bank Co., Ltd.—Class H ‡^ | 2,753,950 | 5,977 | ||||||
CNOOC, Ltd. | 4,058,926 | 8,653 | ||||||
Hong Kong Exchanges & Clearing, Ltd. ^ | 419,100 | 6,698 | ||||||
HSBC Holdings PLC ^ | 935,342 | 8,523 | ||||||
Industrial & Commercial Bank of China—Class H ^ | 8,572,900 | 5,713 | ||||||
Sinopharm Group Co., Ltd.—Class H ‡ | 1,404,729 | 3,666 | ||||||
Tencent Holdings, Ltd. ^ | 160,171 | 5,038 | ||||||
India—0.9% | ||||||||
Coal India, Ltd. | 630,337 | 4,219 | ||||||
Israel—2.1% | ||||||||
Teva Pharmaceutical Industries, Ltd. ADR | 204,638 | 9,360 | ||||||
Japan—10.4% | ||||||||
Canon, Inc. | 153,027 | 6,936 | ||||||
Dai-ichi Life Insurance Co., Ltd. ^ | 3,097 | 3,878 | ||||||
FANUC Corp. | 33,457 | 5,643 | ||||||
KDDI Corp. | 994 | 6,507 | ||||||
Komatsu, Ltd. | 269,500 | 7,756 | ||||||
Mitsubishi UFJ Financial Group, Inc. ^ | 1,666,400 | 8,001 | ||||||
Toyota Motor Corp. | 199,274 | 8,165 | ||||||
Korea, Republic of—1.7% | ||||||||
Hyundai Motor Co. | 33,094 | 7,863 | ||||||
Mexico—1.3% | ||||||||
Wal-Mart de Mexico SAB de CV—Series V | 2,018,080 | 5,771 | ||||||
Sweden—2.3% | ||||||||
Hennes & Mauritz AB—Class B ‡ | 221,830 | 7,621 | ||||||
Svenska Handelsbanken AB—Class A | 81,200 | | 2,631 | |
Shares | Value (000’s) | |||||||
Switzerland—7.6% |
| |||||||
Credit Suisse Group AG ‡ | 115,700 | $ | 2,767 | |||||
Julius Baer Group, Ltd. ‡ | 119,855 | 4,589 | ||||||
Nestle SA | 176,696 | 10,824 | ||||||
Novartis AG | 147,241 | 8,119 | ||||||
Swatch Group AG—BR | 7,470 | 3,445 | ||||||
Syngenta AG | 12,780 | 4,487 | ||||||
Taiwan—0.3% | ||||||||
HTC Corp. | 96,376 | 1,462 | ||||||
United Kingdom—20.3% |
| |||||||
ARM Holdings PLC | 482,222 | 4,101 | ||||||
BG Group PLC | 392,166 | 9,232 | ||||||
British American Tobacco PLC | 216,929 | 11,121 | ||||||
Carnival PLC | 178,963 | 5,817 | ||||||
Kingfisher PLC | 1,673,790 | 7,891 | ||||||
Pearson PLC | 262,207 | 4,936 | ||||||
Reckitt Benckiser Group PLC | 193,862 | 11,285 | ||||||
Rolls-Royce Holdings PLC ‡ | 321,420 | 4,296 | ||||||
SABMiller PLC | 140,865 | 5,918 | ||||||
Standard Chartered PLC | 446,575 | 10,915 | ||||||
TESCO PLC | 1,611,123 | 8,298 | ||||||
Vodafone Group PLC | 3,033,700 | 8,394 | ||||||
United States—6.9% |
| |||||||
Check Point Software Technologies, Ltd. ‡ ^ | 108,587 | 6,312 | ||||||
Covidien PLC | 119,422 | 6,596 | ||||||
Schlumberger, Ltd. | 134,474 | 9,970 | ||||||
Yandex NV—Class A ‡ ^ | 127,500 | 3,024 | ||||||
Yum! Brands, Inc. | 65,500 | 4,764 | ||||||
|
| |||||||
Total Common Stocks |
| 433,912 | ||||||
|
| |||||||
SECURITIES LENDING COLLATERAL—7.5% |
| |||||||
State Street Navigator Securities Lending | ||||||||
Trust—Prime Portfolio, 0.29% p | 33,992,883 | 33,993 | ||||||
Total Securities Lending Collateral |
|
Principal (000’s) | Value (000’s) | |||||||
REPURCHASE AGREEMENT—1.8% |
| |||||||
State Street Bank & Trust Co. | $ | 7,936 | 7,936 | |||||
Total Repurchase Agreement |
| |||||||
|
| |||||||
Total Investment Securities | 484,030 | |||||||
Other Assets and Liabilities—Net | (31,808 | ) | ||||||
|
| |||||||
Net Assets | $ | 452,222 | ||||||
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 70 |
Transamerica International Value Opportunities
(formerly, Transamerica Thornburg International Value)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
FORWARD FOREIGN CURRENCY CONTRACTS:
Currency | Counterparty | Contracts (Sold) (000’s) | Settlement Date | Amount in U.S. Dollars (Sold) (000’s) | Net Unrealized Appreciation (000’s) | |||||||||||
Euro | SSB | (17,737 | ) | 05/09/2012 | $ | (24,353 | ) | $ | 873 |
Collateral (Received) Pledged for OTC Financial Derivative Instruments:
The following is a summary by counterparty of the market value of OTC financial derivative instruments and collateral (received)/pledged as of 04/30/2012:
Counterparty | Total Market Value of OTC Derivatives (000’s) | Collateral (Received)/Pledged (000’s) | Net Exposures (1) (000’s) | |||||||||
SSB | $ | 873 | $ | — | $ | 873 |
(1) | Net exposure represents the net receivable/(payable) that would be due from/to the counterparty in the event of default. |
INVESTMENTS BY INDUSTRY: | Percentage of Total Investments | Value (000’s) | ||||||
Commercial Banks | 9.4 | % | $ | 45,284 | ||||
Oil, Gas & Consumable Fuels | 6.8 | 32,791 | ||||||
Pharmaceuticals | 6.4 | 30,936 | ||||||
Textiles, Apparel & Luxury Goods | 5.3 | 25,779 | ||||||
Automobiles | 5.0 | 24,162 | ||||||
Chemicals | 4.0 | 19,390 | ||||||
Software | 3.4 | 16,472 | ||||||
Machinery | 3.3 | 16,177 | ||||||
Specialty Retail | 3.2 | 15,512 | ||||||
Wireless Telecommunication Services | 3.1 | 14,901 | ||||||
Insurance | 3.0 | 14,489 | ||||||
Food & Staples Retailing | 2.9 | 14,069 | ||||||
Health Care Providers & Services | 2.4 | 11,847 | ||||||
Media | 2.4 | 11,777 | ||||||
Household Products | 2.3 | 11,285 | ||||||
Tobacco | 2.3 | 11,121 | ||||||
Food Products | 2.2 | 10,824 | ||||||
Hotels, Restaurants & Leisure | 2.2 | 10,581 | ||||||
Diversified Financial Services | 2.2 | 10,565 | ||||||
Internet Software & Services | 2.1 | 10,369 | ||||||
Energy Equipment & Services | 2.1 | 9,970 | ||||||
Aerospace & Defense | 2.0 | 9,700 | ||||||
Road & Rail | 1.7 | 8,336 | ||||||
Industrial Conglomerates | 1.6 | 7,641 | ||||||
Capital Markets | 1.5 | 7,356 | ||||||
Office Electronics | 1.4 | 6,936 | ||||||
Health Care Equipment & Supplies | 1.4 | 6,596 | ||||||
Metals & Mining | 1.2 | 5,923 | ||||||
Beverages | 1.2 | 5,918 | ||||||
Personal Products | 1.1 | 5,153 | ||||||
Auto Components | 1.0 | 4,678 | ||||||
Semiconductors & Semiconductor Equipment | 0.9 | 4,101 | ||||||
Communications Equipment | 0.3 | 1,462 | ||||||
|
|
|
| |||||
Investment Securities, at Value | 91.3 | 442,101 | ||||||
Short-Term Investments | 8.7 | 41,929 | ||||||
|
|
|
| |||||
Total Investments | 100.0 | % | $ | 484,030 | ||||
|
|
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 71 |
Transamerica International Value Opportunities
(formerly, Transamerica Thornburg International Value)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
NOTES TO SCHEDULE OF INVESTMENTS (all amounts in thousands):
p | Rate shown reflects the yield at 04/30/2012. |
¥ | Percentage rounds to less than 0.1%. |
ə | Fair valued as determined in good faith in accordance with procedures established by the Board of Trustees. Total aggregate market value of fair valued securities is $55, or 0.01% of the fund’s net assets. |
‡ | Non-income producing security. |
§ | Illiquid. Total aggregate market value of illiquid securities is $55, or 0.01% of the fund’s net assets. |
^ | All or a portion of this security is on loan. The value of all securities on loan is $32,258. |
P | Aggregate cost for federal income tax purposes is $440,218. Aggregate gross unrealized appreciation/depreciation for all securities in which there is an excess of value over tax cost were $67,191 and $23,379, respectively. Net unrealized appreciation for tax purposes is $43,812. |
DEFINITIONS:
ADR | American Depositary Receipt | |
OTC | Over the Counter | |
SSB | State Street Bank & Trust Co. |
VALUATION SUMMARY (all amounts in thousands): '
Investment Securities | Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Value at 04/30/2012 | ||||||||||||
Common Stocks | $ | 79,961 | $ | 353,951 | $ | — | $ | 433,912 | ||||||||
Preferred Stocks | — | 8,189 | — | 8,189 | ||||||||||||
Repurchase Agreement | — | 7,936 | — | 7,936 | ||||||||||||
Securities Lending Collateral | 33,993 | — | — | 33,993 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total | $ | 113,954 | $ | 370,076 | $ | — | $ | 484,030 | ||||||||
|
|
|
|
|
|
|
|
Other Financial Instruments ₣ | Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Value at 04/30/2012 | ||||||||||||
Forward Foreign Currency Contracts—Appreciation | $ | — | $ | 873 | $ | — | $ | 873 |
' | See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
₣ | Other financial instruments are derivative instruments that are valued at unrealized appreciation (depreciation) on the instrument. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 72 |
Transamerica Large Cap Value
(formerly, Transamerica BlackRock Large Cap Value)
SCHEDULE OF INVESTMENTS
At April 30, 2012
(unaudited)
Shares | Value (000’s) | |||||||
COMMON STOCKS—99.9% |
| |||||||
Aerospace & Defense—6.0% |
| |||||||
General Dynamics Corp. | 106,000 | $ | 7,155 | |||||
L-3 Communications Holdings, Inc. | 81,000 | 5,957 | ||||||
Lockheed Martin Corp. | 65,000 | 5,885 | ||||||
Northrop Grumman Corp. | 117,000 | 7,404 | ||||||
Raytheon Co. | 139,000 | 7,525 | ||||||
Auto Components—0.6% |
| |||||||
Autoliv, Inc. ^ | 54,000 | 3,388 | ||||||
Beverages—1.3% | ||||||||
Coca-Cola Enterprises, Inc. | 62,000 | 1,867 | ||||||
Constellation Brands, Inc.—Class A ‡ | 260,000 | 5,616 | ||||||
Capital Markets—1.9% |
| |||||||
Goldman Sachs Group, Inc. | 92,000 | 10,594 | ||||||
Chemicals—1.2% |
| |||||||
CF Industries Holdings, Inc. | 30,000 | 5,792 | ||||||
Huntsman Corp. | 87,000 | 1,232 | ||||||
Commercial Banks—0.2% |
| |||||||
Wells Fargo & Co. | 34,000 | 1,137 | ||||||
Commercial Services & Supplies—1.3% |
| |||||||
Corrections Corp., of America ‡ | 184,000 | 5,316 | ||||||
Pitney Bowes, Inc. ^ | 110,000 | 1,884 | ||||||
Communications Equipment—2.7% |
| |||||||
Cisco Systems, Inc. | 747,000 | 15,052 | ||||||
Computers & Peripherals—5.9% |
| |||||||
Dell, Inc. ‡ | 386,000 | 6,319 | ||||||
Hewlett-Packard Co. | 385,000 | 9,532 | ||||||
Lexmark International, Inc.—Class A | 161,000 | 4,846 | ||||||
Seagate Technology PLC | 202,000 | 6,214 | ||||||
Western Digital Corp. ‡ | 169,000 | 6,559 | ||||||
Consumer Finance—1.3% |
| |||||||
Discover Financial Services | 214,000 | 7,255 | ||||||
Diversified Consumer Services—0.3% |
| |||||||
Service Corp., International | 126,000 | 1,459 | ||||||
Diversified Financial Services—4.4% |
| |||||||
JPMorgan Chase & Co. | 454,000 | 19,513 | ||||||
Moody’s Corp. | 133,000 | 5,446 | ||||||
Diversified Telecommunication Services—3.0% |
| |||||||
AT&T, Inc. | 130,000 | 4,278 | ||||||
Verizon Communications, Inc. | 318,000 | 12,841 | ||||||
Electronic Equipment & Instruments—1.2% |
| |||||||
Ingram Micro, Inc.—Class A ‡ | 231,000 | 4,495 | ||||||
Tech Data Corp. ‡ | 42,000 | 2,259 | ||||||
Energy Equipment & Services—1.2% |
| |||||||
Nabors Industries, Ltd. ‡ | 301,000 | 5,012 | ||||||
Unit Corp. ‡ | 36,000 | 1,521 | ||||||
Food & Staples Retailing—2.0% |
| |||||||
Kroger Co. | 240,000 | 5,585 | ||||||
Safeway, Inc. ^ | 296,000 | 6,017 | ||||||
Health Care Providers & Services—8.3% |
| |||||||
Aetna, Inc. | 159,000 | 7,002 | ||||||
AmerisourceBergen Corp.—Class A | 135,000 | 5,023 | ||||||
Cardinal Health, Inc. | 141,000 | 5,960 | ||||||
Coventry Health Care, Inc. | 175,000 | 5,248 | ||||||
Humana, Inc. | 75,000 | 6,051 | ||||||
UnitedHealth Group, Inc. | 187,000 | 10,501 | ||||||
WellPoint, Inc. | 105,000 | 7,121 | ||||||
Household Products—0.4% | ||||||||
Procter & Gamble Co. | 34,000 | 2,164 | ||||||
Independent Power Producers & Energy Traders—1.8% |
| |||||||
AES Corp. ‡ | 473,000 | 5,922 | ||||||
NRG Energy, Inc. ‡ | 247,800 | 4,213 | ||||||
Industrial Conglomerates—2.4% |
| |||||||
General Electric Co. | 293,000 | 5,737 | ||||||
Tyco International, Ltd. | 137,000 | 7,690 | ||||||
Insurance—10.2% |
| |||||||
American Financial Group, Inc. | 133,800 | 5,207 | ||||||
Arch Capital Group, Ltd. ‡ | 64,000 | 2,514 | ||||||
Assurant, Inc. | 46,000 | 1,856 |
Shares | Value (000’s) | |||||||
Insurance (continued) |
| |||||||
Chubb Corp. | 100,000 | $ | 7,307 | |||||
CNA Financial Corp. | 25,000 | 766 | ||||||
Fidelity National Financial, Inc.—Class A | 126,000 | 2,428 | ||||||
HCC Insurance Holdings, Inc. | 134,000 | 4,283 | ||||||
MetLife, Inc. | 83,000 | 2,990 | ||||||
Principal Financial Group, Inc. | 169,000 | 4,676 | ||||||
Protective Life Corp. | 92,000 | 2,692 | ||||||
Prudential Financial, Inc. | 136,000 | 8,233 | ||||||
RenaissanceRe Holdings, Ltd. | 40,000 | 3,122 | ||||||
Torchmark Corp. | 72,000 | 3,507 | ||||||
Travelers Cos., Inc. | 30,000 | 1,930 | ||||||
Unum Group | 258,000 | 6,125 | ||||||
Internet & Catalog Retail—0.8% |
| |||||||
Expedia, Inc. ^ | 112,000 | 4,775 | ||||||
Internet Software & Services—0.8% |
| |||||||
IAC/InterActiveCorp | 96,000 | 4,622 | ||||||
IT Services—1.1% |
| |||||||
Amdocs, Ltd. ‡ | 128,000 | 4,096 | ||||||
DST Systems, Inc. | 34,000 | 1,903 | ||||||
Machinery—0.9% | ||||||||
AGCO Corp. ‡ | 113,000 | 5,262 | ||||||
Media—2.3% | ||||||||
CBS Corp.—Class B | 211,000 | 7,037 | ||||||
Time Warner Cable, Inc. | 73,000 | 5,873 | ||||||
Metals & Mining—0.2% | ||||||||
Alcoa, Inc. | 110,000 | 1,070 | ||||||
Multiline Retail—2.1% | ||||||||
Dillard’s, Inc.—Class A | 82,000 | 5,294 | ||||||
Macy’s, Inc. | 168,000 | 6,891 | ||||||
Multi-Utilities—0.4% | ||||||||
Ameren Corp. | 71,000 | 2,328 | ||||||
Oil, Gas & Consumable Fuels—16.2% |
| |||||||
Apache Corp. | 84,000 | 8,059 | ||||||
Chevron Corp. | 209,000 | 22,272 | ||||||
ConocoPhillips | 186,000 | 13,323 | ||||||
Denbury Resources, Inc. ‡ | 112,000 | 2,132 | ||||||
Devon Energy Corp. | 116,000 | 8,103 | ||||||
Exxon Mobil Corp. | 171,000 | 14,765 | ||||||
Marathon Oil Corp. | 229,000 | 6,719 | ||||||
Murphy Oil Corp. | 99,000 | 5,442 | ||||||
Tesoro Corp. ‡ | 201,000 | 4,673 | ||||||
Valero Energy Corp. | 283,000 | 6,990 | ||||||
Paper & Forest Products—1.6% |
| |||||||
Domtar Corp. | 34,000 | 2,974 | ||||||
International Paper Co. | 190,000 | 6,329 | ||||||
Pharmaceuticals—7.3% |
| |||||||
Abbott Laboratories | 100,000 | 6,206 | ||||||
Eli Lilly & Co. | 205,000 | 8,485 | ||||||
Forest Laboratories, Inc. ‡ | 185,000 | 6,444 | ||||||
Pfizer, Inc. | 890,000 | 20,407 | ||||||
Semiconductors & Semiconductor Equipment—1.8% |
| |||||||
Intel Corp. | 359,000 | 10,196 | ||||||
Software—2.3% | ||||||||
CA, Inc. | 207,600 | 5,485 | ||||||
Microsoft Corp. | 174,000 | 5,571 | ||||||
Symantec Corp. ‡ | 107,000 | 1,768 | ||||||
Specialty Retail—2.6% |
| |||||||
Best Buy Co., Inc. ^ | 286,000 | 6,311 | ||||||
GameStop Corp.—Class A ^ | 217,000 | 4,939 | ||||||
Gap, Inc. | 131,000 | 3,734 | ||||||
Thrifts & Mortgage Finance—0.2% |
| |||||||
Washington Federal, Inc. | 74,000 | 1,298 | ||||||
Tobacco—1.2% | ||||||||
Philip Morris International, Inc. | 77,000 | 6,892 | ||||||
Wireless Telecommunication Services—0.5% |
| |||||||
Telephone & Data Systems, Inc. | 109,786 | 2,667 | ||||||
|
| |||||||
Total Common Stocks |
| 566,558 | ||||||
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 73 |
Transamerica Large Cap Value
(formerly, Transamerica BlackRock Large Cap Value)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Shares | Value (000’s) | |||||||
SHORT-TERM INVESTMENT COMPANY — 0.1% |
| |||||||
Capital Markets — 0.1% | ||||||||
BlackRock Provident TempFund 24 à | 399 | $ | 399 | |||||
Total Short-Term Investment Company |
| |||||||
SECURITIES LENDING COLLATERAL—4.5% |
| |||||||
State Street Navigator Securities Lending Trust—Prime Portfolio, 0.29% p | 25,559,939 | 25,560 | ||||||
Total Securities Lending Collateral | ||||||||
|
| |||||||
Total Investment Securities |
| 592,517 | ||||||
Other Assets and Liabilities—Net | (25,648 | ) | ||||||
|
| |||||||
Net Assets | $ | 566,869 | ||||||
|
|
NOTES TO SCHEDULE OF INVESTMENTS (all amounts in thousands):
^ | All or a portion of this security is on loan. The value of all securities on loan is $24,967. |
‡ | Non-income producing security. |
à | The investment issuer is affiliated with the sub-adviser of the fund. |
p | Rate shown reflects the yield at 04/30/2012. |
P | Aggregate cost for federal income tax purposes is $504,852. Aggregate gross unrealized appreciation/depreciation for all securities in which there is an excess of value over tax cost were $98,611 and $10,946, respectively. Net unrealized appreciation for tax purposes is $87,665. |
VALUATION SUMMARY (all amounts in thousands): '
Investment Securities | Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Value at 04/30/2012 | ||||||||||||
Common Stocks | $ | 566,558 | $ | — | $ | — | $ | 566,558 | ||||||||
Securities Lending Collateral | 25,560 | — | — | 25,560 | ||||||||||||
Short-Term Investment Company | 399 | — | — | 399 | ||||||||||||
|
|
|
|
|
| �� |
| |||||||||
Total | $ | 592,517 | $ | — | $ | — | $ | 592,517 | ||||||||
|
|
|
|
|
|
|
|
' | See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 74 |
Transamerica Long/Short Strategy
(formerly, Transamerica JPMorgan Long/Short Strategy)
SCHEDULE OF INVESTMENTS
At April 30, 2012
(unaudited)
Shares | Value (000’s) | |||||||
COMMON STOCKS—103.9% |
| |||||||
Aerospace & Defense—1.7% |
| |||||||
United Technologies Corp. ⌂ | 15,360 | $ | 1,254 | |||||
Auto Components—1.5% | ||||||||
Johnson Controls, Inc. ⌂ | 29,560 | 945 | ||||||
TRW Automotive Holdings Corp. ‡ | 3,400 | 155 | ||||||
Automobiles—1.1% |
| |||||||
General Motors Co. ⌂ ‡ | 35,790 | 823 | ||||||
Beverages—3.8% |
| |||||||
Coca-Cola Co. ⌂ | 8,530 | 651 | ||||||
Coca-Cola Enterprises, Inc. ⌂ | 34,230 | 1,031 | ||||||
Dr. Pepper Snapple Group, Inc. ⌂ | 19,940 | 809 | ||||||
PepsiCo, Inc. ⌂ | 6,210 | 410 | ||||||
Biotechnology—3.0% |
| |||||||
Alexion Pharmaceuticals, Inc. ‡ | 950 | 86 | ||||||
Biogen Idec, Inc. ⌂ ‡ | 6,770 | 907 | ||||||
Celgene Corp. ⌂ ‡ | 12,330 | 899 | ||||||
Dendreon Corp. ⌂ ‡ | 5,950 | 69 | ||||||
Vertex Pharmaceuticals, Inc. ‡ | 7,580 | 292 | ||||||
Building Products—0.5% |
| |||||||
Masco Corp. | 25,910 | 341 | ||||||
Capital Markets—2.1% |
| |||||||
Ameriprise Financial, Inc. | 3,560 | 193 | ||||||
Goldman Sachs Group, Inc. ⌂ | 3,270 | 377 | ||||||
Invesco, Ltd. | 10,710 | 266 | ||||||
Morgan Stanley ⌂ | 11,060 | 191 | ||||||
State Street Corp. ⌂ | 7,600 | 351 | ||||||
TD Ameritrade Holding Corp. ⌂ | 11,460 | 215 | ||||||
Chemicals—4.3% |
| |||||||
Air Products & Chemicals, Inc. ⌂ | 11,900 | 1,017 | ||||||
E.I. du Pont de Nemours & Co. ⌂ | 32,870 | 1,757 | ||||||
Georgia Gulf Corp. ⌂ ‡ | 13,280 | 471 | ||||||
Commercial Banks—1.4% |
| |||||||
Huntington Bancshares, Inc. | 19,480 | 130 | ||||||
SunTrust Banks, Inc. | 10,610 | 258 | ||||||
Wells Fargo & Co. ⌂ | 17,530 | 586 | ||||||
Zions Bancorporation ⌂ | 4,640 | 95 | ||||||
Communications Equipment—1.7% |
| |||||||
Cisco Systems, Inc. ⌂ | 29,930 | 603 | ||||||
Juniper Networks, Inc. ⌂ ‡ | 10,130 | 217 | ||||||
QUALCOMM, Inc. ⌂ | 7,030 | 449 | ||||||
Computers & Peripherals—1.2% |
| |||||||
Apple, Inc. ⌂ ‡ | 830 | 485 | ||||||
NetApp, Inc. ‡ | 5,340 | 207 | ||||||
SanDisk Corp. ‡ | 6,610 | 245 | ||||||
Construction & Engineering—1.2% |
| |||||||
Fluor Corp. ⌂ | 16,220 | 937 | ||||||
Consumer Finance—0.4% |
| |||||||
Capital One Financial Corp. | 5,950 | 330 | ||||||
Containers & Packaging—0.1% | ||||||||
Sealed Air Corp. | 5,510 | 106 | ||||||
Diversified Financial Services—1.5% |
| |||||||
Bank of America Corp. ⌂ | 28,670 | 233 | ||||||
Citigroup, Inc. | 11,619 | 384 | ||||||
CME Group, Inc.—Class A | 520 | 138 | ||||||
IntercontinentalExchange, Inc. ‡ | 2,730 | 363 | ||||||
Electric Utilities—2.7% |
| |||||||
FirstEnergy Corp. | 6,210 | 291 | ||||||
NextEra Energy, Inc. ⌂ | 8,600 | 553 | ||||||
NV Energy, Inc. ⌂ | 51,950 | 866 | ||||||
PPL Corp. ⌂ | 10,950 | 299 | ||||||
Electrical Equipment—1.5% |
| |||||||
Emerson Electric Co. | 21,540 | 1,132 | ||||||
Electronic Equipment & Instruments—0.7% |
| |||||||
Corning, Inc. ⌂ | 12,420 | 178 | ||||||
TE Connectivity, Ltd. ⌂ | 9,540 | 348 | ||||||
Energy Equipment & Services—1.1% |
| |||||||
Baker Hughes, Inc. | 7,570 | 334 |
Shares | Value (000’s) | |||||||
Energy Equipment & Services (continued) |
| |||||||
Ensco PLC ADR | 2,810 | $ | 154 | |||||
Halliburton Co. | 3,350 | 115 | ||||||
Schlumberger, Ltd. ⌂ | 3,310 | 245 | ||||||
Food Products—5.2% |
| |||||||
Archer-Daniels-Midland Co. ⌂ | 17,640 | 544 | ||||||
Campbell Soup Co. ⌂ | 20,270 | 686 | ||||||
General Mills, Inc. ⌂ | 27,010 | 1,050 | ||||||
Kraft Foods, Inc.—Class A ⌂ | 41,990 | 1,674 | ||||||
Gas Utilities—0.7% | ||||||||
AGL Resources, Inc. | 5,380 | 212 | ||||||
EQT Corp. | 6,930 | 345 | ||||||
Health Care Equipment & Supplies—1.7% |
| |||||||
CareFusion Corp. ‡ | 13,267 | 344 | ||||||
Covidien PLC ⌂ | 17,700 | 977 | ||||||
Health Care Providers & Services—1.6% |
| |||||||
AMERIGROUP Corp. ‡ | 3,050 | 188 | ||||||
Humana, Inc. | 4,760 | 384 | ||||||
UnitedHealth Group, Inc. | 11,060 | 621 | ||||||
Hotels, Restaurants & Leisure—0.3% |
| |||||||
Carnival Corp. ⌂ | 7,070 | 230 | ||||||
Household Durables—1.2% |
| |||||||
D.R. Horton, Inc. | 10,780 | 176 | ||||||
Lennar Corp.—Class A | 10,530 | 292 | ||||||
PulteGroup, Inc. ‡ | 21,510 | 212 | ||||||
Ryland Group, Inc. | 10,940 | 246 | ||||||
Household Products—1.3% |
| |||||||
Colgate-Palmolive Co. ⌂ | 590 | 58 | ||||||
Procter & Gamble Co. ⌂ | 14,210 | 905 | ||||||
Industrial Conglomerates—1.6% |
| |||||||
Tyco International, Ltd. ⌂ | 22,150 | 1,243 | ||||||
Insurance—6.8% |
| |||||||
ACE, Ltd. ⌂ | 21,120 | 1,605 | ||||||
Aflac, Inc. ⌂ | 2,140 | 96 | ||||||
Axis Capital Holdings, Ltd. | 13,370 | 455 | ||||||
Everest RE Group, Ltd. ⌂ | 6,680 | 662 | ||||||
First American Financial Corp. | 15,520 | 260 | ||||||
MetLife, Inc. ⌂ | 26,900 | 970 | ||||||
PartnerRe, Ltd. ⌂ | 1,840 | 128 | ||||||
Prudential Financial, Inc. ⌂ | 11,320 | 685 | ||||||
XL Group PLC—Class A | 11,690 | 251 | ||||||
Internet & Catalog Retail—1.7% |
| |||||||
Amazon.com, Inc. ⌂‡ | 4,480 | 1,039 | ||||||
Expedia, Inc. | 5,660 | 241 | ||||||
Internet Software & Services—0.4% |
| |||||||
eBay, Inc. ‡ | 8,000 | 328 | ||||||
IT Services—1.8% | ||||||||
Cognizant Technology Solutions Corp.—Class A ⌂‡ | 7,880 | 577 | ||||||
Fidelity National Information Services, Inc. | 5,600 | 189 | ||||||
Genpact, Ltd. ⌂‡ | 17,190 | 287 | ||||||
Mastercard, Inc.—Class A | 760 | 344 | ||||||
Machinery—2.2% |
| |||||||
PACCAR, Inc. ⌂ | 29,020 | 1,247 | ||||||
SPX Corp. | 5,290 | 406 | ||||||
Media—6.1% |
| |||||||
CBS Corp.—Class B ⌂ | 50,970 | 1,700 | ||||||
DIRECTV—Class A ‡ | 4,510 | 222 | ||||||
Discovery Communications, Inc.—Series A ⌂ ‡ | 12,850 | 699 | ||||||
DISH Network Corp.—Class A | 5,460 | 175 | ||||||
Time Warner, Inc. ⌂ | 49,480 | 1,853 | ||||||
Metals & Mining—2.4% |
| |||||||
Alcoa, Inc. ⌂ | 61,970 | 604 | ||||||
Freeport-McMoRan Copper & Gold, Inc. ⌂ | 13,310 | 510 | ||||||
U.S. Steel Corp. | 20,490 | 580 | ||||||
Walter Energy, Inc. | 1,710 | 113 | ||||||
Multi-Utilities—2.5% |
| |||||||
DTE Energy Co. | 6,330 | 357 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 75 |
Transamerica Long/Short Strategy
(formerly, Transamerica JPMorgan Long/Short Strategy)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Shares | Value (000’s) | |||||||
Multi-Utilities (continued) | ||||||||
PG&E Corp. | 17,790 | $ | 786 | |||||
Sempra Energy | 11,380 | 737 | ||||||
Oil, Gas & Consumable Fuels—3.2% | ||||||||
Anadarko Petroleum Corp. | 2,840 | 208 | ||||||
Devon Energy Corp. ⌂ | 3,560 | 249 | ||||||
EOG Resources, Inc. | 2,340 | 257 | ||||||
Occidental Petroleum Corp. ⌂ | 2,570 | 234 | ||||||
Peabody Energy Corp. | 4,920 | 153 | ||||||
Pioneer Natural Resources Co. | 3,200 | 370 | ||||||
Range Resources Corp. | 5,430 | 362 | ||||||
Southwestern Energy Co. ⌂ ‡ | 8,410 | 266 | ||||||
Williams Cos., Inc. | 9,550 | 325 | ||||||
Pharmaceuticals—3.6% | ||||||||
Abbott Laboratories ⌂ | 3,110 | 193 | ||||||
Allergan, Inc. | 4,330 | 416 | ||||||
Merck & Co., Inc. ⌂ | 45,700 | 1,793 | ||||||
Mylan, Inc. ‡ | 16,290 | 354 | ||||||
Real Estate Investment Trusts—8.8% |
| |||||||
BRE Properties, Inc. | 3,640 | 191 | ||||||
CubeSmart ⌂ | 6,240 | 78 | ||||||
DDR Corp. | 34,140 | 506 | ||||||
DuPont Fabros Technology, Inc. ⌂ | 9,210 | 250 | ||||||
Education Realty Trust, Inc. ⌂ | 42,780 | 483 | ||||||
Equity Lifestyle Properties, Inc. | 5,620 | 393 | ||||||
Equity Residential | 7,420 | 456 | ||||||
Glimcher Realty Trust | 38,430 | 380 | ||||||
HCP, Inc. | 4,670 | 194 | ||||||
Liberty Property Trust | 9,360 | 341 | ||||||
Macerich Co. | 9,780 | 603 | ||||||
Pebblebrook Hotel Trust | 19,580 | 471 | ||||||
Post Properties, Inc. | 8,790 | 428 | ||||||
ProLogis, Inc. | 12,000 | 429 | ||||||
Senior Housing Properties Trust ⌂ | 16,210 | 358 | ||||||
Simon Property Group, Inc. ⌂ | 2,850 | 443 | ||||||
Tanger Factory Outlet Centers | 8,530 | 267 | ||||||
Ventas, Inc. | 5,430 | 319 | ||||||
Road & Rail—4.0% | ||||||||
CSX Corp. ⌂ | 54,680 | 1,220 | ||||||
Norfolk Southern Corp. ⌂ | 11,910 | 869 | ||||||
Union Pacific Corp. ⌂ | 8,620 | 969 | ||||||
Semiconductors & Semiconductor Equipment—7.7% |
| |||||||
Altera Corp. ⌂ | 46,900 | 1,668 | ||||||
Analog Devices, Inc. ⌂ | 9,200 | 359 | ||||||
Applied Materials, Inc. ⌂ | 15,010 | 180 | ||||||
Avago Technologies, Ltd. | 2,690 | 93 | ||||||
Broadcom Corp.—Class A ⌂ ‡ | 3,830 | 140 | ||||||
Freescale Semiconductor, Ltd. ⌂ ‡ | 15,100 | 187 | ||||||
LAM Research Corp. ⌂ ‡ | 24,960 | 1,040 | ||||||
LSI Corp. ‡ | 13,260 | 107 | ||||||
Marvell Technology Group, Ltd. ‡ | 14,690 | 220 | ||||||
Micron Technology, Inc. ‡ | 3,420 | 23 | ||||||
ON Semiconductor Corp. ‡ | 17,580 | 145 | ||||||
Texas Instruments, Inc. | 25,310 | 808 | ||||||
Xilinx, Inc. ⌂ | 21,900 | 797 | ||||||
Software—2.2% | ||||||||
Adobe Systems, Inc. ⌂ ‡ | 9,080 | 305 | ||||||
Citrix Systems, Inc. ⌂ ‡ | 1,840 | 158 | ||||||
Microsoft Corp. ⌂ | 14,540 | 465 | ||||||
Oracle Corp. | 19,050 | 559 | ||||||
VMware, Inc.—Class A ‡ | 1,430 | 160 | ||||||
Specialty Retail—1.7% | ||||||||
AutoZone, Inc. ⌂ ‡ | 1,540 | 610 | ||||||
Home Depot, Inc. | 5,540 | 287 | ||||||
Lowe’s Cos., Inc. | 12,440 | 391 | ||||||
Textiles, Apparel & Luxury Goods—1.5% |
| |||||||
Coach, Inc. ⌂ | 3,380 | 247 | ||||||
Lululemon Athletica, Inc. ‡ | 2,190 | 162 |
Shares | Value (000’s) | |||||||
Textiles, Apparel & Luxury Goods (continued) | ||||||||
NIKE, Inc.—Class B | 2,740 | $ | 307 | |||||
V.F. Corp. | 2,520 | 383 | ||||||
Tobacco—1.4% | ||||||||
Philip Morris International, Inc. | 12,120 | 1,085 | ||||||
Wireless Telecommunication Services—0.8% |
| |||||||
Sprint Nextel Corp. ⌂ ‡ | 245,810 | 610 | ||||||
|
| |||||||
Total Common Stocks | 78,608 | |||||||
|
|
Principal (000’s) | Value (000’s) | |||||||
REPURCHASE AGREEMENT—0.1% |
| |||||||
State Street Bank & Trust Co. 0.03% p, dated 04/30/2012, to be repurchased at $47 on 05/01/2012. Collateralized by a U.S. Government Agency Obligation, 2.55%, due 07/01/2034, and with a value of $48. | $ | 47 | 47 | |||||
Total Repurchase Agreement |
| |||||||
|
| |||||||
Total Investment Securities | 78,655 | |||||||
Other Assets and Liabilities—Net | (3,002 | ) | ||||||
|
| |||||||
Net Assets | $ | 75,653 | ||||||
|
|
Shares | Value (000’s) | |||||||
SECURITIES SOLD SHORT—(74.3%) |
| |||||||
COMMON STOCKS—(74.3%) |
| |||||||
Aerospace & Defense—(4.1%) | ||||||||
Boeing Co. | (10,190 | ) | (783 | ) | ||||
Lockheed Martin Corp. | (18,700 | ) | (1,693 | ) | ||||
Northrop Grumman Corp. | (3,490 | ) | (221 | ) | ||||
Raytheon Co. | (7,100 | ) | (384 | ) | ||||
Air Freight & Logistics—(1.7%) | ||||||||
FedEx Corp. | (8,860 | ) | (782 | ) | ||||
United Parcel Service, Inc.—Class B | (6,080 | ) | (475 | ) | ||||
Auto Components—(0.2%) | ||||||||
Autoliv, Inc. | (2,310 | ) | (145 | ) | ||||
Automobiles—(0.8%) | ||||||||
Ford Motor Co. | (53,750 | ) | (606 | ) | ||||
Biotechnology—(0.7%) | ||||||||
Amgen, Inc. | (4,490 | ) | (319 | ) | ||||
Isis Pharmaceuticals, Inc. ‡ | (15,020 | ) | (120 | ) | ||||
Regeneron Pharmaceuticals, Inc. ‡ | (480 | ) | (65 | ) | ||||
Capital Markets—(0.8%) | ||||||||
Federated Investors, Inc.—Class B | (6,180 | ) | (136 | ) | ||||
Franklin Resources, Inc. | (3,670 | ) | (461 | ) | ||||
Chemicals—(3.5%) | ||||||||
Dow Chemical Co. | (17,140 | ) | (581 | ) | ||||
OM Group, Inc. ‡ | (12,600 | ) | (304 | ) | ||||
Praxair, Inc. | (12,520 | ) | (1,449 | ) | ||||
Valspar Corp. | (5,520 | ) | (282 | ) | ||||
Commercial Banks—(2.1%) | ||||||||
Bank of Hawaii Corp. | (7,090 | ) | (347 | ) | ||||
BB&T Corp. | (5,090 | ) | (163 | ) | ||||
Commerce Bancshares, Inc. | (4,122 | ) | (165 | ) | ||||
UMB Financial Corp. | (11,020 | ) | (530 | ) | ||||
Valley National Bancorp | (31,379 | ) | (395 | ) | ||||
Communications Equipment—(0.5%) | ||||||||
JDS Uniphase Corp. ‡ | (9,310 | ) | (113 | ) | ||||
Motorola Solutions, Inc. | (5,460 | ) | (279 | ) |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 76 |
Transamerica Long/Short Strategy
(formerly, Transamerica JPMorgan Long/Short Strategy)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Shares | Value (000’s) | |||||||
Computers & Peripherals—(0.1%) | ||||||||
Hewlett-Packard Co. | (4,480 | ) | $ | (111 | ) | |||
Electric Utilities—(2.2%) | ||||||||
Consolidated Edison, Inc. | (15,340 | ) | (912 | ) | ||||
Edison International | (11,610 | ) | (511 | ) | ||||
Entergy Corp. | (2,710 | ) | (178 | ) | ||||
Exelon Corp. | (1,000 | ) | (39 | ) | ||||
Electrical Equipment—(0.9%) | ||||||||
Rockwell Automation, Inc. | (8,340 | ) | (645 | ) | ||||
Energy Equipment & Services—(0.9%) | ||||||||
Diamond Offshore Drilling, Inc. | (2,860 | ) | (196 | ) | ||||
Tenaris SA ADR | (11,420 | ) | (448 | ) | ||||
Food & Staples Retailing—(0.0%) ¥ | ||||||||
Safeway, Inc. | (1,740 | ) | (35 | ) | ||||
Food Products—(3.2%) | ||||||||
Hershey Co. | (26,890 | ) | (1,802 | ) | ||||
Mead Johnson Nutrition Co.—Class A | (5,180 | ) | (443 | ) | ||||
Sara Lee Corp. | (9,070 | ) | (200 | ) | ||||
Gas Utilities—(0.2%) | ||||||||
National Fuel Gas Co. | (3,020 | ) | (143 | ) | ||||
Health Care Equipment & Supplies—(2.3%) | ||||||||
Edwards Life sciences Corp. ‡ | (1,470 | ) | (122 | ) | ||||
Medtronic, Inc. | (11,180 | ) | (427 | ) | ||||
Stryker Corp. | (4,290 | ) | (234 | ) | ||||
Varian Medical Systems, Inc. ‡ | (6,840 | ) | (434 | ) | ||||
Zimmer Holdings, Inc. | (8,030 | ) | (505 | ) | ||||
Health Care Providers & Services—(0.3%) | ||||||||
Coventry Health Care, Inc. | (7,510 | ) | (225 | ) | ||||
Hotels, Restaurants & Leisure—(0.6%) | ||||||||
Choice Hotels International, Inc. | (2,330 | ) | (88 | ) | ||||
Hyatt Hotels Corp.—Class A ‡ | (7,720 | ) | (332 | ) | ||||
Household Products—(1.6%) | ||||||||
Church & Dwight Co., Inc. | (20,530 | ) | (1,043 | ) | ||||
Kimberly-Clark Corp. | (2,410 | ) | (189 | ) | ||||
Industrial Conglomerates—(0.4%) | ||||||||
Danaher Corp. | (5,770 | ) | (313 | ) | ||||
Insurance—(7.5%) | ||||||||
American International Group, Inc. ‡ | (10,000 | ) | (340 | ) | ||||
Aon PLC | (17,150 | ) | (888 | ) | ||||
Arch Capital Group, Ltd. ‡ | (7,710 | ) | (303 | ) | ||||
Assurant, Inc. | (4,640 | ) | (187 | ) | ||||
Chubb Corp. | (9,420 | ) | (688 | ) | ||||
Fidelity National Financial, Inc.—Class A | (11,490 | ) | (221 | ) | ||||
Lincoln National Corp. | (7,260 | ) | (180 | ) | ||||
Principal Financial Group, Inc. | (7,590 | ) | (210 | ) | ||||
Progressive Corp. | (18,530 | ) | (395 | ) | ||||
RenaissanceRe Holdings, Ltd. | (5,050 | ) | (394 | ) | ||||
Torchmark Corp. | (8,540 | ) | (416 | ) | ||||
Travelers Cos., Inc. | (7,420 | ) | (477 | ) | ||||
WR Berkley Corp. | (27,530 | ) | (1,038 | ) | ||||
Internet Software & Services—(0.5%) | ||||||||
AOL, Inc. ‡ | (7,340 | ) | (184 | ) | ||||
Google, Inc.—Class A ‡ | (320 | ) | (193 | ) | ||||
IT Services—(1.1%) | ||||||||
Automatic Data Processing, Inc. | (4,210 | ) | (234 | ) | ||||
Paychex, Inc. | (8,000 | ) | (248 | ) | ||||
SAIC, Inc. | (11,540 | ) | (140 | ) | ||||
Total System Services, Inc. | (7,950 | ) | (187 | ) | ||||
Life Sciences Tools & Services—(0.2%) |
| |||||||
Agilent Technologies, Inc. | (4,360 | ) | (184 | ) |
Shares | Value (000’s) | |||||||
Machinery—(4.4%) | ||||||||
Caterpillar, Inc. | (5,710 | ) | $ | (587 | ) | |||
Deere & Co. | (4,780 | ) | (394 | ) | ||||
Dover Corp. | (19,460 | ) | (1,219 | ) | ||||
Eaton Corp. | (11,930 | ) | (575 | ) | ||||
Parker Hannifin Corp. | (6,480 | ) | (568 | ) | ||||
Media—(4.3%) | ||||||||
Gannett Co., Inc. | (18,100 | ) | (250 | ) | ||||
New York Times Co.—Class A ‡ | (10,480 | ) | (66 | ) | ||||
News Corp.—Class B | (28,730 | ) | (570 | ) | ||||
Omnicom Group, Inc. | (18,870 | ) | (969 | ) | ||||
Scripps Networks Interactive, Inc.—Class A | (15,790 | ) | (793 | ) | ||||
Washington Post Co.—Class B | (1,540 | ) | (582 | ) | ||||
Metals & Mining—(2.6%) | ||||||||
AK Steel Holding Corp. | (6,390 | ) | (47 | ) | ||||
Cliffs Natural Resources, Inc. | (12,870 | ) | (802 | ) | ||||
Nucor Corp. | (19,720 | ) | (773 | ) | ||||
Vale SA—Class B ADR | (17,120 | ) | (380 | ) | ||||
Multiline Retail—(0.4%) | ||||||||
JC Penney Co., Inc. | (7,390 | ) | (266 | ) | ||||
Multi-Utilities—(1.1%) | ||||||||
Wisconsin Energy Corp. | (23,580 | ) | (869 | ) | ||||
Oil, Gas & Consumable Fuels—(1.3%) | ||||||||
CONSOL Energy, Inc. | (4,350 | ) | (145 | ) | ||||
EnCana Corp. | (11,760 | ) | (246 | ) | ||||
Newfield Exploration Co. ‡ | (3,860 | ) | (139 | ) | ||||
TransCanada Corp. | (10,640 | ) | (467 | ) | ||||
Personal Products—(0.6%) | ||||||||
Estee Lauder Cos., Inc.—Class A | (7,240 | ) | (473 | ) | ||||
Pharmaceuticals—(2.3%) | ||||||||
Eli Lilly & Co. | (23,010 | ) | (952 | ) | ||||
Forest Laboratories, Inc. ‡ | (8,210 | ) | (286 | ) | ||||
Hospira, Inc. ‡ | (9,340 | ) | (328 | ) | ||||
Warner Chilcott PLC—Class A ‡ | (7,290 | ) | (159 | ) | ||||
Real Estate Investment Trusts—(9.1%) | ||||||||
BioMed Realty Trust, Inc.—Class A | (10,820 | ) | (214 | ) | ||||
Digital Realty Trust, Inc. | (5,080 | ) | (381 | ) | ||||
Duke Realty Corp. | (27,030 | ) | (401 | ) | ||||
EastGroup Properties, Inc. | (7,820 | ) | (393 | ) | ||||
Equity One, Inc. | (29,170 | ) | (606 | ) | ||||
Extra Space Storage, Inc. | (2,660 | ) | (81 | ) | ||||
Federal Realty Investment Trust | (7,580 | ) | (764 | ) | ||||
General Growth Properties, Inc. | (32,410 | ) | (577 | ) | ||||
Health Care REIT, Inc. | (5,670 | ) | (321 | ) | ||||
National Retail Properties, Inc. | (12,130 | ) | (332 | ) | ||||
Realty Income Corp. | (12,940 | ) | (509 | ) | ||||
Strategic Hotels & Resorts, Inc. ‡ | (41,070 | ) | (280 | ) | ||||
Taubman Centers, Inc. | (9,810 | ) | (758 | ) | ||||
Washington Real Estate Investment Trust | (24,170 | ) | (715 | ) | ||||
Weingarten Realty Investors | (23,170 | ) | (615 | ) | ||||
Road & Rail—(1.5%) | ||||||||
Heartland Express, Inc. | (28,840 | ) | (399 | ) | ||||
Knight Transportation, Inc. | (21,540 | ) | (354 | ) | ||||
Werner Enterprises, Inc. | (17,080 | ) | (403 | ) | ||||
Semiconductors & Semiconductor Equipment—(7.4%) |
| |||||||
Advanced Micro Devices, Inc. ‡ | (22,000 | ) | (162 | ) | ||||
Cypress Semiconductor Corp. ‡ | (25,520 | ) | (396 | ) | ||||
Intel Corp. | (56,620 | ) | (1,607 | ) | ||||
KLA-Tencor Corp. | (13,740 | ) | (717 | ) |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 77 |
Transamerica Long/Short Strategy
(formerly, Transamerica JPMorgan Long/Short Strategy)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Shares | Value (000’s) | |||||||
Semiconductors & Semiconductor Equipment (continued) |
| |||||||
Linear Technology Corp. | (5,230 | ) | $ | (171 | ) | |||
Microchip Technology, Inc. | (39,490 | ) | (1,396 | ) | ||||
NVIDIA Corp. ‡ | (13,020 | ) | (169 | ) | ||||
Taiwan Semiconductor Manufacturing Co., | (60,750 | ) | (946 | ) | ||||
Software—(0.5%) | ||||||||
Electronic Arts, Inc. ‡ | (25,620 | ) | (394 | ) | ||||
Specialty Retail—(0.1%) | ||||||||
O’Reilly Automotive, Inc. ‡ | (390 | ) | (41 | ) | ||||
Tobacco—(2.3%) | ||||||||
Altria Group, Inc. | (54,610 | ) | (1,759 | ) | ||||
|
| |||||||
Total Common Stocks |
| (56,246 | ) | |||||
|
| |||||||
Total Securities Sold Short |
| $ | (56,246 | ) | ||||
|
|
NOTES TO SCHEDULE OF INVESTMENTS (all amounts in thousands):
⌂ | Securities or a portion thereof with an aggregate market value of $49,890 have been pledged to the broker as collateral for open securities sold short transactions. |
‡ | Non-income producing security. |
p | Rate shown reflects the yield at 04/30/2012. |
P | Aggregate cost for federal income tax purposes is $73,534. Aggregate gross unrealized appreciation/depreciation for all securities in which there is an excess of value over tax cost were $8,042 and $2,921, respectively. Net unrealized appreciation for tax purposes is $5,121. |
¥ | Percentage rounds to less than 0.1%. |
DEFINITION:
ADR | American Depositary Receipt |
VALUATION SUMMARY (all amounts in thousands): '
Investment Securities | Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Value at 04/30/2012 | ||||||||||||
Common Stocks | $ | 78,454 | $ | 154 | $ | — | $ | 78,608 | ||||||||
Repurchase Agreement | — | 47 | — | 47 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total | $ | 78,454 | $ | 201 | $ | — | $ | 78,655 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Securities Sold Short | Level 1— Quoted Prices | Level 2— Other Significant Observable Unobservable Inputs | Level 3— Significant Inputs | Value at 04/30/2012 | ||||||||||||
Common Stocks | $ | (54,852 | ) | $ | (1,394 | ) | $ | — | $ | (56,246 | ) |
' | See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 78 |
Transamerica Mid Cap Value
(formely,Transamerica JPMorgan Mid Cap Value)
SCHEDULE OF INVESTMENTS
At April 30, 2012
(unaudited)
Shares | Value (000’s) | |||||||
COMMON STOCKS—98.1% |
| |||||||
Aerospace & Defense—0.6% | ||||||||
Alliant Techsystems, Inc. | 19,220 | $ | 1,024 | |||||
Beverages—2.3% | ||||||||
Beam, Inc. | 35,440 | 2,012 | ||||||
Brown-Forman Corp.—Class B | 11,800 | 1,019 | ||||||
Dr. Pepper Snapple Group, Inc. | 25,125 | 1,020 | ||||||
Building Products—0.7% | ||||||||
Fortune Brands Home & Security, Inc. ‡ | 51,800 | 1,178 | ||||||
Capital Markets—5.5% | ||||||||
Ameriprise Financial, Inc. | 49,890 | 2,704 | ||||||
Charles Schwab Corp. | 138,805 | 1,985 | ||||||
Invesco, Ltd. | 75,670 | 1,880 | ||||||
Northern Trust Corp. | 26,095 | 1,242 | ||||||
T. Rowe Price Group, Inc. | 30,735 | 1,940 | ||||||
Chemicals—4.2% | ||||||||
Airgas, Inc. | 15,020 | 1,376 | ||||||
Albemarle Corp. | 30,705 | 2,005 | ||||||
Sherwin-Williams Co. | 19,040 | 2,291 | ||||||
Sigma-Aldrich Corp. ^ | 25,690 | 1,821 | ||||||
Commercial Banks—5.5% | ||||||||
City National Corp. ^ | 29,070 | 1,548 | ||||||
Cullen/Frost Bankers, Inc. ^ | 19,130 | 1,128 | ||||||
Fifth Third Bancorp | 127,630 | 1,816 | ||||||
Huntington Bancshares, Inc. | 106,990 | 716 | ||||||
M&T Bank Corp. | 24,275 | 2,094 | ||||||
SunTrust Banks, Inc. | 81,430 | 1,977 | ||||||
Zions Bancorporation | 27,060 | 552 | ||||||
Commercial Services & Supplies—1.7% |
| |||||||
Republic Services, Inc.—Class A | 112,640 | 3,083 | ||||||
Containers & Packaging—3.4% |
| |||||||
Ball Corp. | 67,680 | 2,826 | ||||||
Rock-Tenn Co.—Class A | 22,930 | 1,429 | ||||||
Silgan Holdings, Inc. | 41,640 | 1,827 | ||||||
Distributors—1.0% | ||||||||
Genuine Parts Co. | 26,660 | 1,727 | ||||||
Electric Utilities—3.9% | ||||||||
Northeast Utilities | 72,463 | 2,664 | ||||||
NV Energy, Inc. | 127,345 | 2,120 | ||||||
Westar Energy, Inc. | 77,020 | 2,210 | ||||||
Electrical Equipment—3.1% | ||||||||
AMETEK, Inc. | 38,320 | 1,929 | ||||||
Cooper Industries PLC—Class A | 30,290 | 1,895 | ||||||
Regal Beloit Corp. | 25,630 | 1,734 | ||||||
Electronic Equipment & Instruments—2.4% |
| |||||||
Amphenol Corp.—Class A | 41,000 | 2,384 | ||||||
Arrow Electronics, Inc. ‡ | 44,875 | 1,887 | ||||||
Food Products—2.7% | ||||||||
Hershey Co. | 23,770 | 1,593 | ||||||
JM Smucker Co. | 15,605 | 1,243 | ||||||
Ralcorp Holdings, Inc. ‡ | 26,215 | 1,908 | ||||||
Gas Utilities—1.9% | ||||||||
EQT Corp. | 39,840 | 1,985 | ||||||
Oneok, Inc. | 15,540 | 1,335 | ||||||
Health Care Equipment & Supplies—0.7% |
| |||||||
Becton Dickinson and Co. | 16,810 | 1,319 | ||||||
Health Care Providers & Services—4.3% |
| |||||||
AmerisourceBergen Corp.—Class A | 45,075 | 1,677 | ||||||
CIGNA Corp. | 43,425 | 2,008 | ||||||
HCA Holdings, Inc. | 17,750 | 478 | ||||||
Humana, Inc. | 17,230 | 1,390 | ||||||
Lincare Holdings, Inc. | 82,474 | 2,012 | ||||||
Hotels, Restaurants & Leisure—3.1% |
| |||||||
Darden Restaurants, Inc. ^ | 31,025 | 1,554 | ||||||
Marriott International, Inc.—Class A ^ | 63,665 | 2,488 | ||||||
Yum! Brands, Inc. | 19,300 | 1,404 |
Shares | Value (000’s) | |||||||
Household Durables—1.5% | ||||||||
Jarden Corp. | 26,310 | $ | 1,103 | |||||
Mohawk Industries, Inc. ‡ | 23,340 | 1,564 | ||||||
Household Products—0.6% | ||||||||
Energizer Holdings, Inc. ‡ | 15,620 | 1,114 | ||||||
Industrial Conglomerates—1.1% |
| |||||||
Carlisle Cos., Inc. | 36,640 | 2,017 | ||||||
Insurance—10.3% | ||||||||
Alleghany Corp. ‡ | 6,736 | 2,310 | ||||||
Arch Capital Group, Ltd. ‡ | 16,024 | 629 | ||||||
Axis Capital Holdings, Ltd. | 18,010 | 613 | ||||||
Chubb Corp. | 23,070 | 1,686 | ||||||
Loews Corp. | 80,245 | 3,299 | ||||||
Marsh & McLennan Cos., Inc. | 81,005 | 2,710 | ||||||
Old Republic International Corp. ^ | 116,170 | 1,156 | ||||||
OneBeacon Insurance Group, Ltd.—Class A ^ | 49,535 | 705 | ||||||
Unum Group | 37,550 | 891 | ||||||
WR Berkley Corp. ^ | 60,110 | 2,264 | ||||||
XL Group PLC—Class A | 86,100 | 1,852 | ||||||
Internet & Catalog Retail—1.2% |
| |||||||
Expedia, Inc. ^ | 36,345 | 1,550 | ||||||
TripAdvisor, Inc. ‡ ^ | 14,540 | 545 | ||||||
IT Services—1.2% | ||||||||
Jack Henry & Associates, Inc. ^ | 62,980 | 2,139 | ||||||
Machinery—1.4% | ||||||||
Rexnord Corp. ‡ | 29,540 | 652 | ||||||
Snap-on, Inc. | 30,720 | 1,921 | ||||||
Media—3.5% | ||||||||
AMC Networks, Inc. ‡ | 7,905 | 336 | ||||||
Cablevision Systems Corp.—Class A | 30,460 | 451 | ||||||
CBS Corp.—Class B | 59,470 | 1,984 | ||||||
Clear Channel Outdoor Holdings, Inc.—Class A ‡ | 55,213 | 418 | ||||||
DISH Network Corp.—Class A | 55,670 | 1,780 | ||||||
Gannett Co., Inc. ^ | 61,075 | 844 | ||||||
Washington Post Co.—Class B ^ | 1,005 | 380 | ||||||
Multiline Retail—2.5% | ||||||||
Family Dollar Stores, Inc. | 30,000 | 2,027 | ||||||
Kohl’s Corp. | 47,265 | 2,369 | ||||||
Multi-Utilities—6.6% | ||||||||
CenterPoint Energy, Inc. | 47,040 | 951 | ||||||
CMS Energy Corp. | 98,140 | 2,256 | ||||||
PG&E Corp. | 40,300 | 1,780 | ||||||
Sempra Energy | 34,930 | 2,261 | ||||||
Wisconsin Energy Corp. | 58,020 | 2,137 | ||||||
Xcel Energy, Inc. | 88,700 | 2,401 | ||||||
Oil, Gas & Consumable Fuels—4.8% |
| |||||||
Devon Energy Corp. | 31,570 | 2,205 | ||||||
Energen Corp. | 57,202 | 2,996 | ||||||
QEP Resources, Inc. | 23,200 | 715 | ||||||
Williams Cos., Inc. | 76,360 | 2,599 | ||||||
Professional Services—0.6% | ||||||||
Equifax, Inc. | 21,680 | 993 | ||||||
Real Estate Investment Trusts—2.6% |
| |||||||
HCP, Inc. | 32,825 | 1,361 | ||||||
Regency Centers Corp. | 36,415 | 1,637 | ||||||
Vornado Realty Trust | 18,986 | 1,630 | ||||||
Real Estate Management & Development—0.8% |
| |||||||
Brookfield Office Properties, Inc. ^ | 82,245 | 1,494 | ||||||
Semiconductors & Semiconductor Equipment—1.9% |
| |||||||
Analog Devices, Inc. | 55,980 | 2,182 | ||||||
Xilinx, Inc. | 33,105 | 1,204 | ||||||
Software—1.0% | ||||||||
Synopsys, Inc. ‡ | 60,010 | 1,801 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 79 |
Transamerica Mid Cap Value
(formely,Transamerica JPMorgan Mid Cap Value)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Shares | Value (000’s) | |||||||
Specialty Retail—7.0% | ||||||||
AutoZone, Inc. ‡ | 5,426 | $ | 2,150 | |||||
Bed Bath & Beyond, Inc. ‡ | 22,010 | 1,549 | ||||||
Gap, Inc. | 62,715 | 1,787 | ||||||
PetSmart, Inc. | 19,470 | 1,134 | ||||||
Tiffany & Co. | 17,960 | 1,230 | ||||||
TJX Cos., Inc. | 66,250 | 2,764 | ||||||
Williams-Sonoma, Inc. ^ | 44,670 | 1,728 | ||||||
Textiles, Apparel & Luxury Goods—1.0% |
| |||||||
PVH Corp. | 20,210 | 1,795 | ||||||
Thrifts & Mortgage Finance—1.0% |
| |||||||
Capitol Federal Financial, Inc. | 48,000 | 567 | ||||||
People’s United Financial, Inc. ^ | 103,870 | 1,282 | ||||||
Wireless Telecommunication Services—0.5% |
| |||||||
Telephone & Data Systems, Inc. | 39,610 | 962 | ||||||
|
| |||||||
Total Common Stocks | 174,297 | |||||||
|
| |||||||
SECURITIES LENDING COLLATERAL—9.0% |
| |||||||
State Street Navigator Securities Lending | 16,040,216 | 16,040 | ||||||
Total Securities Lending Collateral |
| |||||||
Principal (000’s) | Value (000’s) | |||||||
REPURCHASE AGREEMENT—1.6% |
| |||||||
State Street Bank & Trust Co. 0.03% p, dated 04/30/2012, to be repurchased at $2,860 on 05/01/2012. Collateralized by U.S. Government Agency Obligations, 3.00%, due 12/01/2026, and with a total value of $2,918. | $ | 2,860 | 2,860 | |||||
Total Repurchase Agreement |
| |||||||
|
| |||||||
Total Investment Securities | 193,197 | |||||||
Other Assets and Liabilities—Net | (15,446 | ) | ||||||
|
| |||||||
Net Assets | $ | 177,751 | ||||||
|
|
NOTES TO SCHEDULE OF INVESTMENTS (all amounts in thousands):
‡ | Non-income producing security. |
^ | All or a portion of this security is on loan. The value of all securities on loan is $15,647. |
p | Rate shown reflects the yield at 04/30/2012. |
P | Aggregate cost for federal income tax purposes is $147,589. Aggregate gross unrealized appreciation/depreciation for all securities in which there is an excess of value over tax cost were $46,946 and $1,338, respectively. Net unrealized appreciation for tax purposes is $45,608. |
VALUATION SUMMARY (all amounts in thousands): '
Investment Securities | Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Value at 04/30/2012 | ||||||||||||
Common Stocks | $ | 174,297 | $ | — | $ | — | $ | 174,297 | ||||||||
Repurchase Agreement | — | 2,860 | — | 2,860 | ||||||||||||
Securities Lending Collateral | 16,040 | — | — | 16,040 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total | $ | 190,337 | $ | 2,860 | $ | — | $ | 193,197 | ||||||||
|
|
|
|
|
|
|
|
' | See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 80 |
Transamerica Real Return TIPS
(formerly, Transamerica PIMCO Real Return TIPS)
SCHEDULE OF INVESTMENTS
At April 30, 2012
(unaudited)
Principal (000’s) | Value (000’s) | |||||||
U.S. GOVERNMENT OBLIGATIONS—90.0% |
| |||||||
U.S. Treasury Inflation Indexed Bond | $ | 42,508 | $ | 52,377 | ||||
2.00%, 01/15/2026 | 38,879 | 49,042 | ||||||
2.13%, 02/15/2040 | 1,474 | 2,017 | ||||||
2.13%, 02/15/2041 ^ | 7,068 | 9,716 | ||||||
2.38%, 01/15/2025 - 01/15/2027 | 48,266 | 63,186 | ||||||
2.50%, 01/15/2029 | 19,656 | 26,790 | ||||||
3.38%, 04/15/2032 | 641 | 1,012 | ||||||
3.63%, 04/15/2028 | 42,950 | 65,264 | ||||||
3.88%, 04/15/2029 | 52,439 | 83,288 | ||||||
U.S. Treasury Inflation Indexed Note | 18,305 | 19,403 | ||||||
0.13%, 04/15/2017 | 3,608 | 3,862 | ||||||
0.13%, 01/15/2022 ^ | 26,501 | 27,714 | ||||||
0.50%, 04/15/2015 | 11,134 | 11,788 | ||||||
0.63%, 04/15/2013 | 323 | 329 | ||||||
0.63%, 07/15/2021 g | 46,761 | 51,627 | ||||||
1.13%, 01/15/2021 | 16,285 | 18,677 | ||||||
1.25%, 04/15/2014-07/15/2020 | 27,394 | 31,669 | ||||||
1.38%, 01/15/2020 | 9,053 | 10,567 | ||||||
1.63%, 01/15/2015-01/15/2018 | 49,938 | 56,093 | ||||||
1.88%, 07/15/2013 ^ | 41,271 | 43,154 | ||||||
1.88%, 07/15/2015-07/15/2019 | 36,479 | 41,978 | ||||||
2.00%, 01/15/2014-01/15/2016 | 63,833 | 69,686 | ||||||
2.13%, 01/15/2019 | 20,165 | 24,438 | ||||||
2.38%, 01/15/2017 | 22,462 | 26,460 | ||||||
2.63%, 07/15/2017 | 7,249 | 8,777 | ||||||
3.00%, 07/15/2012 | 24,308 | 24,684 | ||||||
|
| |||||||
Total U.S. Government Obligations |
| 823,598 | ||||||
|
| |||||||
U.S. GOVERNMENT AGENCY OBLIGATIONS—0.4% |
| |||||||
Fannie Mae | 109 | 106 | ||||||
0.92%, 02/25/2041 * | 2,835 | 2,840 | ||||||
1.36%, 10/01/2044 * | 38 | 39 | ||||||
Freddie Mac | 1,040 | 1,040 | ||||||
|
| |||||||
Total U.S. Government Agency Obligations |
| 4,025 | ||||||
|
| |||||||
FOREIGN GOVERNMENT OBLIGATIONS— 3.4% |
| |||||||
Australia Government Bond | AUD | 1,300 | 1,678 | |||||
3.00%, 09/20/2025 | 6,600 | 9,034 | ||||||
4.00%, 08/20/2020 | 2,800 | 5,467 | ||||||
Canadian Government Bond | CAD | 1,600 | 1,620 | |||||
2.00%, 12/01/2041 | 327 | 459 | ||||||
2.75%, 09/01/2016 | 2,600 | 2,759 | ||||||
3.00%, 12/01/2036 | 353 | 567 | ||||||
4.25%, 12/01/2021 | 292 | 416 | ||||||
New South Wales Treasury Corp. | AUD | 3,500 | 4,417 | |||||
U.K. Gilt Inflation Linked | GBP | 2,332 | 4,800 | |||||
|
| |||||||
Total Foreign Government Obligations |
| 31,217 | ||||||
|
|
Principal (000’s) | Value (000’s) | |||||||
MORTGAGE-BACKED SECURITIES—3.7% |
| |||||||
Arran Residential Mortgages Funding PLC | $ | 210 | $ | 278 | ||||
Series 2011-1A, Class A1B 2.24%, 11/19/2047—144A * | 2,761 | 3,659 | ||||||
Series 2011-1A, Class A2B 2.49%, 11/19/2047—144A * | 7,900 | 10,484 | ||||||
Banc of America Merrill Lynch Commercial Mortgage, Inc. | 65 | 65 | ||||||
Series 2007-3, Class A2FL 0.41%, 06/10/2049—144A * | 65 | 65 | ||||||
Series 2007-5, Class A4 5.49%, 02/10/2051 | 530 | 603 | ||||||
Banc of America Mortgage Securities, Inc. | 25 | 27 | ||||||
Bear Stearns Adjustable Rate Mortgage Trust | 584 | 566 | ||||||
Series 2005-2, Class A2 3.08%, 03/25/2035 * | 174 | 170 | ||||||
Series 2005-5, Class A1 2.22%, 08/25/2035 * | 186 | 179 | ||||||
Series 2005-5, Class A2 2.25%, 08/25/2035 * | 326 | 300 | ||||||
Citigroup Mortgage Loan Trust, Inc. | 237 | 219 | ||||||
Series 2005-6, Class A2 2.45%, 09/25/2035 * | 289 | 253 | ||||||
Series 2005-6, Class A3 2.10%, 09/25/2035 * | 40 | 38 | ||||||
Series 2005-11, Class A1A 2.60%, 05/25/2035 * | 32 | 30 | ||||||
Citigroup/Deutsche Bank Commercial Mortgage Trust | 400 | 462 | ||||||
Countrywide Home Loan Mortgage Pass-Through Trust | 985 | 635 | ||||||
Series 2005-R2, Class 1AF1 0.58%, 06/25/2035—144A * | 206 | 175 | ||||||
DBUBS Mortgage Trust | 6,700 | 7,088 | ||||||
Greenpoint Mortgage Funding Trust | 386 | 259 | ||||||
GSR Mortgage Loan Trust 2.65%, 09/25/2035 * | 607 | 589 | ||||||
JPMorgan Chase Commercial Mortgage Securities Corp. | 510 | 569 | ||||||
LB-UBS Commercial Mortgage Trust | 200 | 228 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 81 |
Transamerica Real Return TIPS
(formerly, Transamerica PIMCO Real Return TIPS)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Principal (000’s) | Value (000’s) | |||||||
MORTGAGE-BACKED SECURITIES (continued) |
| |||||||
MASTR Alternative Loans Trust | $ | 625 | $ | 125 | ||||
Merrill Lynch/Countrywide Commercial | 300 | 329 | ||||||
Morgan Stanley Capital I | 1,200 | 1,350 | ||||||
Permanent Master Issuer PLC | 400 | 532 | ||||||
Residential Accredit Loans, Inc. | 1,008 | 379 | ||||||
Sequoia Mortgage Trust | 80 | 73 | ||||||
Structured Asset Mortgage Investments, Inc. | 917 | 447 | ||||||
Wachovia Bank Commercial Mortgage Trust | 720 | 799 | ||||||
Series 2006-C28, Class A4 5.57%, 10/15/2048 | 400 | 447 | ||||||
WaMu Mortgage Pass-Through Certificates | 652 | 656 | ||||||
Wells Fargo Mortgage Backed Securities Trust | 1,795 | 1,453 | ||||||
|
| |||||||
Total Mortgage-Backed Securities |
| 33,531 | ||||||
|
| |||||||
ASSET-BACKED SECURITIES—0.8% |
| |||||||
ARES CLO, Ltd. | 737 | 729 | ||||||
Countrywide Asset-Backed Certificates | 222 | 199 | ||||||
CSAB Mortgage Backed Trust | 1,152 | 730 | ||||||
Duane Street CLO | 485 | 476 | ||||||
Equity One, Inc. | 46 | 33 | ||||||
Harvest CLO SA | 147 | 189 | ||||||
Katonah, Ltd. | 990 | 981 | ||||||
Magi Funding PLC | 651 | 817 |
Principal (000’s) | Value (000’s) | |||||||
ASSET-BACKED SECURITIES (continued) |
| |||||||
Magnolia Funding, Ltd. | $ | 226 | $ | 300 | ||||
Morgan Stanley Mortgage Loan Trust | 427 | 229 | ||||||
Saxon Asset Securities Trust | 453 | 413 | ||||||
SLM Student Loan Trust | 498 | 497 | ||||||
Series 2010-B, Class A1 | 422 | 424 | ||||||
Structured Asset Securities Corp. | 900 | 631 | ||||||
Wood Street CLO BV | 227 | 285 | ||||||
|
| |||||||
Total Asset-Backed Securities | 6,933 | |||||||
|
| |||||||
MUNICIPAL GOVERNMENT OBLIGATIONS—0.1% |
| |||||||
Tobacco Settlement Finance Authority—Series A | 665 | 493 | ||||||
Tobacco Settlement Financing Corp.—Series A | 315 | 316 | ||||||
|
| |||||||
Total Municipal Government Obligations |
| 809 | ||||||
|
| |||||||
CORPORATE DEBT SECURITIES—10.8% |
| |||||||
Capital Markets—1.2% |
| |||||||
Morgan Stanley | EUR | 1,000 | 1,307 | |||||
3.01%, 05/14/2013 * | $ | 8,800 | 8,815 | |||||
Morgan Stanley—Series F | 800 | 687 | ||||||
Commercial Banks—3.7% |
| |||||||
Banco Bradesco SA | 4,600 | 4,612 | ||||||
BBVA Bancomer SA | 1,900 | 1,919 | ||||||
CIT Group, Inc. | 1,000 | 1,030 | ||||||
HBOS PLC | 9,400 | 6,775 | ||||||
ICICI Bank, Ltd. | 600 | 580 | ||||||
ING Bank NV | 8,200 | 8,116 | ||||||
Royal Bank of Scotland PLC | 7,000 | 6,996 | ||||||
Societe Generale SA | 3,800 | 3,626 | ||||||
Turkiye Garanti Bankasi AS | 500 | 464 | ||||||
Consumer Finance—0.4% | ||||||||
Ally Financial, Inc. | 100 | 99 | ||||||
3.87%, 06/20/2014 * | 200 | 197 | ||||||
6.63%, 05/15/2012 ^ | 3,500 | 3,500 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 82 |
Transamerica Real Return TIPS
(formerly, Transamerica PIMCO Real Return TIPS)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Principal (000’s) | Value (000’s) | |||||||
Consumer Finance (continued) | ||||||||
SLM Corp. | $ | 300 | $ | 306 | ||||
Diversified Financial Services—2.2% | ||||||||
Countrywide Financial Corp. | 500 | 502 | ||||||
Credit Agricole Home Loan SFH | 3,400 | 3,334 | ||||||
Ford Motor Credit Co., LLC | 900 | 914 | ||||||
7.80%, 06/01/2012 | 450 | 452 | ||||||
FUEL Trust | 3,600 | 3,730 | ||||||
International Lease Finance Corp. | 600 | 638 | ||||||
6.75%, 09/01/2016—144A | 500 | 540 | ||||||
Merrill Lynch & Co., Inc. | EUR | 400 | 9,779 | |||||
Diversified Telecommunication Services—0.3% |
| |||||||
TDC A/S | 2,000 | 2,790 | ||||||
Energy Equipment & Services—0.3% | ||||||||
Transocean, Inc. | $ | 2,300 | 2,473 | |||||
Food Products—0.6% | ||||||||
Tyson Foods, Inc. | 5,000 | 5,763 | ||||||
Insurance—0.6% | ||||||||
American International Group, Inc. | GBP | 227 | 399 | |||||
8.18%, 05/15/2058 * ^ | $ | 3,650 | 3,901 | |||||
8.63%, 05/22/2038—Reg S * | GBP | 250 | 400 | |||||
Marsh & McLennan Cos., Inc. | $ | 1,093 | 1,225 | |||||
Machinery—0.4% | ||||||||
Black & Decker Corp. | 3,000 | 3,427 | ||||||
Media—0.4% | ||||||||
CSC Holdings LLC | 3,200 | 3,352 | ||||||
Metals & Mining—0.0% ¥ | ||||||||
Gerdau Holdings, Inc. | 200 | 228 | ||||||
Oil, Gas & Consumable Fuels—0.7% | ||||||||
Gazprom OAO Via GAZ Capital SA | 500 | 528 | ||||||
Gazprom OAO Via GAZ Capital SA—Series 16 | 300 | 314 | ||||||
Petrobras International Finance Co. | 3,700 | 3,874 | ||||||
Petroleos Mexicanos | ||||||||
5.50%, 01/21/2021 | 800 | 890 | ||||||
6.50%, 06/02/2041 ^ | 700 | 812 | ||||||
|
| |||||||
Total Corporate Debt Securities |
| 99,294 | ||||||
|
| |||||||
LOAN ASSIGNMENTS—0.7% | ||||||||
Consumer Finance—0.5% | ||||||||
Springleaf Financial Funding Co. | 4,400 | 4,157 |
Principal (000’s) | Value (000’s) | |||||||
Independent Power Producers & Energy Traders—0.2% |
| |||||||
NRG Energy, Inc. | $ | 1,985 | $ | 1,988 | ||||
|
| |||||||
Total Loan Assignments (cost $6,362) | 6,145 | |||||||
|
| |||||||
SHORT-TERM U.S. GOVERNMENT OBLIGATION—0.0% ¥ |
| |||||||
U.S. Treasury Bill 0.06%, | 411 | 411 | ||||||
Total Short-Term U.S. Government Obligation |
| |||||||
Notional Amount (000’s) | Value (000’s) | |||||||
PURCHASED SWAPTION—0.0% ¥ | ||||||||
Put Options—0.0% ¥ | ||||||||
If exercised the Series receives floating | 5,000 | 248 | ||||||
Total Purchased Swaption | ||||||||
Shares | Value (000’s) | |||||||
SECURITIES LENDING COLLATERAL—9.9% |
| |||||||
State Street Navigator Securities Lending Trust—Prime Portfolio, 0.29% p | 90,185,051 | 90,185 | ||||||
Total Securities Lending Collateral |
| |||||||
Principal (000’s) | Value (000’s) | |||||||
REPURCHASE AGREEMENT—0.2% |
| |||||||
State Street Bank & Trust Co. 0.03% p, dated 04/30/2012, to be repurchased at $1,563 on 05/01/2012. Collateralized by a U.S. Government Agency Obligation, 3.00%, due 11/25/2040, and with a value of $1,597. | $ | 1,563 | 1,563 | |||||
|
| |||||||
Total Repurchase Agreement |
| |||||||
Total Investment Securities | 1,097,959 | |||||||
Other Assets and Liabilities—Net | (182,633 | ) | ||||||
|
| |||||||
Net Assets | $ | 915,326 | ||||||
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 83 |
Transamerica Real Return TIPS
(formerly, Transamerica PIMCO Real Return TIPS)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
INFLATION FLOOR OPTIONS:
Description | Counterparty | Strike Index | Exercise Index | Expiration Date | Notional Amount (000’s) | Premiums (Received) (000’s) | Value (000’s) | |||||||||||||||||
Floor—OTC CPURNSA Index | DUB | 215.95 |
| Maximum of ((1 + 0.000% Inflation Adjustment | )10 — ) or 0 | 03/10/2020 | $ | (1,800 | ) | $ | (14 | ) | $ | (4 | ) | |||||||||
Floor—OTC CPURNSA Index | CITI | 215.95 |
| Maximum of ((1 + 0.000% Inflation Adjustment | )10— ) or 0 | 03/12/2020 | (7,600 | ) | (64 | ) | (10 | ) | ||||||||||||
Floor—OTC CPURNSA Index | CITI | 216.69 |
| Maximum of ((1 + 0.000% Inflation Adjustment | )10— ) or 0 | 04/07/2020 | (14,200 | ) | (127 | ) | (19 | ) | ||||||||||||
Floor—OTC CPURNSA Index | CITI | 217.97 |
| Maximum of ((1 + 0.000% Inflation Adjustment | )10— ) or 0 | 09/29/2020 | (1,700 | ) | (22 | ) | (3 | ) | ||||||||||||
|
|
|
| |||||||||||||||||||||
$ | (227 | ) | (36 | ) | ||||||||||||||||||||
|
|
|
|
WRITTEN SWAPTIONS: p
Description | Counterparty | Floating Rate Index | Pay/Receive Floating Rate | Exercise Rate | Expiration Date | Notional Amount (000’s) | Premiums (Received) (000’s) | Value (000’s) | ||||||||||||||||||
Call—Interest Rate Swap, European Style | JPM | 1-Year IRO USD | Receive | 0.80 | % | 10/11/2012 | $ | (5,500 | ) | $(u | ) | $ | (1 | ) | ||||||||||||
Call—Interest Rate Swap, European Style | MSC | 2-Year IRO USD | Receive | 0.92 | 11/14/2012 | (13,400 | ) | (u | ) | (81 | ) | |||||||||||||||
Call—Interest Rate Swap, European Style | MSC | 2-Year IRO USD | Receive | 1.06 | 10/11/2012 | (11,800 | ) | (u | ) | (103 | ) | |||||||||||||||
Call—Interest Rate Swap, European Style | DUB | 5-Year IRO USD | Receive | 1.50 | 09/24/2012 | (14,900 | ) | (128 | ) | (228 | ) | |||||||||||||||
Call—Interest Rate Swap, European Style | DUB | 5-Year IRO USD | Receive | 1.70 | 03/18/2013 | (22,900 | ) | (271 | ) | (456 | ) | |||||||||||||||
Call—Interest Rate Swap, European Style | CITI | 5-Year IRO USD | Receive | 1.70 | 03/18/2013 | (7,600 | ) | (90 | ) | (151 | ) | |||||||||||||||
Put—Interest Rate Swap, European Style | JPM | 1-Year IRO USD | Pay | 0.80 | 10/11/2012 | (5,500 | ) | (u | ) | (14 | ) | |||||||||||||||
Put—Interest Rate Swap, European Style | MSC | 2-Year IRO USD | Pay | 0.92 | 11/14/2012 | (13,400 | ) | (u | ) | (8 | ) | |||||||||||||||
Put—Interest Rate Swap, European Style | MSC | 2-Year IRO USD | Pay | 1.06 | 10/11/2012 | (11,800 | ) | (u | ) | (2 | ) | |||||||||||||||
Put—Interest Rate Swap, European Style | DUB | 5-Year IRO USD | Pay | 1.50 | 09/24/2012 | (14,900 | ) | (202 | ) | (54 | ) | |||||||||||||||
Put—Interest Rate Swap, European Style | CITI | 5-Year IRO USD | Pay | 1.70 | 03/18/2013 | (7,600 | ) | (143 | ) | (63 | ) | |||||||||||||||
Put—Interest Rate Swap, European Style | DUB | 5-Year IRO USD | Pay | 1.70 | 03/18/2013 | (22,900 | ) | (445 | ) | (190 | ) | |||||||||||||||
Put—Interest Rate Swap, European Style | DUB | 5-Year IRO USD | Pay | 2.00 | 03/18/2013 | (3,100 | ) | (29 | ) | (15 | ) | |||||||||||||||
Put—Interest Rate Swap, European Style | DUB | 5-Year IRO USD | Pay | 2.85 | 04/14/2014 | (21,200 | ) | (254 | ) | (219 | ) | |||||||||||||||
Put—Interest Rate Swap, European Style | MSC | 10-Year IRO USD | Pay | 10.00 | 07/10/2012 | (1,400 | ) | (9 | ) | (u | ) | |||||||||||||||
Put—Interest Rate Swap, European Style | RBS | 10-Year IRO USD | Pay | 10.00 | 07/10/2012 | (2,600 | ) | (18 | ) | (u | ) | |||||||||||||||
|
|
|
| |||||||||||||||||||||||
$ | (1,589 | ) | $ | (1,585 | ) | |||||||||||||||||||||
|
|
|
|
OTC SWAP AGREEMENTS: p
CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES—BUY PROTECTION:(1)
Reference Obligation | Fixed Deal Pay Rate | Maturity Date | Counterparty | Implied Credit Spread (BP) at 04/30/2012(2) | Notional Amount (000’s)(3) | Market Value (000’s) | Premiums Paid (000’s) | Unrealized Appreciation (Depreciation) (000’s) | ||||||||||||||||||||||
Black and Decker Corp., | 2.20 | % | 06/20/2014 | CITI | 15.72 | $ | 3,000 | $ | (130 | ) | $ | u | $ | (130 | ) | |||||||||||||||
Marsh & McLennan Cos., Inc., | 0.76 | 09/20/2015 | BCLY | 35.35 | 6,000 | (76 | ) | u | (76 | ) | ||||||||||||||||||||
Societe Generale SA, | 1.00 | 06/20/2014 | BCLY | 247.54 | 3,800 | 122 | 120 | 2 | ||||||||||||||||||||||
Tyson Foods, Inc., | 1.00 | 03/20/2014 | BNP | 71.24 | 6,000 | (14 | ) | 167 | (181 | ) | ||||||||||||||||||||
|
|
|
|
|
| |||||||||||||||||||||||||
$ | (98 | ) | $ | 287 | $ | (385 | ) | |||||||||||||||||||||||
|
|
|
|
|
|
CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES—SELL PROTECTION:(4)
Reference Obligation | Fixed Deal Receive Rate | Maturity Date | Counterparty | Implied Credit Spread (BP) at 04/30/2012(2) | Notional Amount (000’s)(3) | Market Value (000’s) | Premiums Paid (Received) (000’s) | Unrealized Appreciation (Depreciation) (000’s) | ||||||||||||||||||||||
20-Year Japan Government Bond, | 1.00 | % | 12/20/2015 | BOA | 69.17 | $ | 2,900 | $ | 31 | $ | 46 | $ | (15 | ) | ||||||||||||||||
20-Year Japan Government Bond, | 1.00 | 12/20/2015 | RBS | 69.17 | 700 | 8 | 11 | (3 | ) | |||||||||||||||||||||
20-Year Japan Government Bond, | 1.00 | 12/20/2015 | GSC | 69.17 | 500 | 5 | 7 | (2 | ) | |||||||||||||||||||||
20-Year Japan Government Bond, | 1.00 | 12/20/2015 | BOA | 69.17 | 500 | 5 | 7 | (2 | ) | |||||||||||||||||||||
American International Group, Inc., | 5.00 | 12/20/2013 | DUB | 97.65 | 800 | 52 | (26 | ) | 78 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 84 |
Transamerica Real Return TIPS
(formerly, Transamerica PIMCO Real Return TIPS)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
OTC SWAP AGREEMENTS (continued): P
CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES—SELL PROTECTION (4) (continued):
Reference Obligation | Fixed Deal Receive Rate | Maturity Date | Counterparty | Implied Credit Spread (BP) at 04/30/2012(2) | Notional Amount (000’s)(3) | Market Value (000’s) | Premiums Paid (Received) (000’s) | Unrealized Appreciation (Depreciation) (000’s) | ||||||||||||||||||||
Federative Republic of Brazil, | 1.00 | 06/20/2015 | HSBC | 88.63 | 1,000 | 3 | (9 | ) | 12 | |||||||||||||||||||
Federative Republic of Brazil, | 1.00 | 06/20/2015 | BCLY | 88.63 | 1,000 | 3 | (5 | ) | 8 | |||||||||||||||||||
Federative Republic of Brazil, | 1.00 | 06/20/2015 | BCLY | 88.63 | 1,000 | 3 | (12 | ) | 15 | |||||||||||||||||||
Federative Republic of Brazil, | 1.00 | 06/20/2020 | DUB | 150.98 | 2,500 | (89 | ) | (66 | ) | (23 | ) | |||||||||||||||||
Petrobras International Finance Co., | 1.00 | 09/20/2012 | DUB | 57.95 | 300 | u | (1 | ) | 1 | |||||||||||||||||||
United Kingdom Gilt, | 1.00 | 06/20/2015 | CITI | 29.07 | 600 | 13 | 3 | 10 | ||||||||||||||||||||
United Kingdom Gilt, | 1.00 | 06/20/2015 | DUB | 29.07 | 700 | 15 | 2 | 13 | ||||||||||||||||||||
United Kingdom Gilt, | 1.00 | 06/20/2015 | DUB | 29.07 | 2,200 | 47 | 12 | 35 | ||||||||||||||||||||
United Kingdom Gilt, | 1.00 | 12/20/2015 | DUB | 39.25 | 900 | 19 | 15 | 4 | ||||||||||||||||||||
United Kingdom Gilt, | 1.00 | 06/20/2016 | CITI | 46.91 | 1,000 | 20 | 11 | 9 | ||||||||||||||||||||
|
|
|
|
|
| |||||||||||||||||||||||
$ | 135 | $ | (5 | ) | $ | 140 | ||||||||||||||||||||||
|
|
|
|
|
|
CREDIT DEFAULT SWAPS ON CREDIT INDICES—SELL PROTECTION (4) (continued):
Reference Obligation | Fixed Deal Receive Rate | Maturity Date | Counterparty | Implied Credit Spread (BP) at 04/30/2012(2) | Notional Amount (000’s)(3) | Market Value (000’s) (5) | Premiums Paid (000’s) | Unrealized Appreciation (Depreciation) (000’s) | ||||||||||||||||||||
Emerging Markets Index—Series 14, 5.00% | 1.00 | % | 12/20/2015 | UBS | 219.68 | $ | 1,300 | $ | 126 | $ | 128 | $ | (2 | ) | ||||||||||||||
Emerging Markets Index—Series 14, 5.00% | 1.00 | 12/20/2015 | RBS | 219.68 | 600 | 58 | 61 | (3 | ) | |||||||||||||||||||
Emerging Markets Index—Series 14, 5.00% | 1.00 | 12/20/2015 | CITI | 219.68 | 1,600 | 155 | 149 | 6 | ||||||||||||||||||||
Emerging Markets Index—Series 15, 5.00% | 1.00 | 06/20/2016 | BCLY | 229.88 | 5,500 | 545 | 586 | (41 | ) | |||||||||||||||||||
|
|
|
|
|
| |||||||||||||||||||||||
$ | 884 | $ | 924 | $ | (40 | ) | ||||||||||||||||||||||
|
|
|
|
|
|
INTEREST RATE SWAP AGREEMENTS—FIXED RATE PAYABLE:
Floating Rate Index | Fixed Rate | Maturity Date | Counterparty | Currency Code | Notional Amount (000’s) | Market Value (000’s) | Premiums Paid (Received) (000’s) | Net Unrealized Appreciation (Depreciation) (000’s) | ||||||||||||||||||
3-Month USD-LIBOR | 1.50 | % | 11/02/2012 | BCLY | USD | $ | 1,100 | $ | (5 | ) | $ | (u | ) | $ | (5 | ) | ||||||||||
BRL-CDI § | 10.18 | 01/02/2014 | HSBC | BRL | 4,800 | 48 | 19 | 29 | ||||||||||||||||||
BRL-CDI § | 10.38 | 01/02/2014 | UBS | BRL | 67,900 | 765 | 277 | 488 | ||||||||||||||||||
BRL-CDI | 10.58 | 01/02/2014 | MSC | BRL | 14,800 | 181 | 53 | 128 | ||||||||||||||||||
BRL-CDI | 10.53 | 01/02/2014 | HSBC | BRL | 49,900 | 585 | 153 | 432 | ||||||||||||||||||
BRL-CDI § | 9.98 | 01/02/2014 | GSC | BRL | 4,500 | 37 | 6 | 31 | ||||||||||||||||||
|
|
|
|
|
| |||||||||||||||||||||
$ | 1,611 | $ | 508 | $ | 1,103 | |||||||||||||||||||||
|
|
|
|
|
|
TOTAL RETURN SWAP AGREEMENTS—PAYABLE:
Index | Financing Rate (BP) | Maturity Date | Counterparty | # of Units (000’s) | Market Value (000’s) | Premiums Paid(Received) (000’s) | Net Unrealized Appreciation (000’s) | |||||||||||||||||
3-Month USD-LIBOR § | 23.522 | 07/15/2012 | BNP | $ | 1,557 | $ | 1 | $ | — | $ | 1 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 85 |
Transamerica Real Return TIPS
(formerly, Transamerica PIMCO Real Return TIPS)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
FORWARD FOREIGN CURRENCY CONTRACTS: p
Currency | Counterparty | Contracts Bought (Sold) (000’s) | Settlement Date | Amount in U.S. Dollars Bought (Sold) (000’s) | Net Unrealized Appreciation (Depreciation) (000’s) | |||||||||||||
Australian Dollar | BOA | (20,634 | ) | 06/07/2012 | $ | (21,274 | ) | $ | (136 | ) | ||||||||
Brazilian Real | MSC | (1,822 | ) | 06/04/2012 | (1,043 | ) | 93 | |||||||||||
Canadian Dollar | BCLY | (3,878 | ) | 06/21/2012 | (3,915 | ) | (6 | ) | ||||||||||
Canadian Dollar | DUB | 100 | 06/21/2012 | 100 | 1 | |||||||||||||
Canadian Dollar | UBS | (2,492 | ) | 06/21/2012 | (2,530 | ) | 11 | |||||||||||
Chinese Yuan Renminbi | DUB | (6,186 | ) | 06/01/2012 | (976 | ) | (3 | ) | ||||||||||
Chinese Yuan Renminbi | CITI | 18,343 | 06/01/2012 | 2,881 | 23 | |||||||||||||
Chinese Yuan Renminbi | BCLY | (9,707 | ) | 06/01/2012 | (1,540 | ) | 3 | |||||||||||
Chinese Yuan Renminbi | HSBC | (11,556 | ) | 06/01/2012 | (1,830 | ) | u | |||||||||||
Chinese Yuan Renminbi | BCLY | (7,646 | ) | 06/01/2012 | (1,210 | ) | (1 | ) | ||||||||||
Chinese Yuan Renminbi | BCLY | 16,915 | 02/01/2013 | 2,683 | (12 | ) | ||||||||||||
Euro | CITI | 492 | 05/02/2012 | 651 | (u | ) | ||||||||||||
Euro | BCLY | (37,445 | ) | 06/14/2012 | (48,922 | ) | (655 | ) | ||||||||||
Euro | BCLY | 346 | 06/14/2012 | 462 | (4 | ) | ||||||||||||
Euro | UBS | 642 | 06/14/2012 | 843 | 7 | |||||||||||||
Euro | BCLY | 863 | 06/14/2012 | 1,149 | (6 | ) | ||||||||||||
Euro | BCLY | 468 | 06/14/2012 | 620 | (1 | ) | ||||||||||||
Euro | BNS | (33 | ) | 06/14/2012 | (43 | ) | (u | ) | ||||||||||
Euro | UBS | (142 | ) | 06/14/2012 | (186 | ) | (2 | ) | ||||||||||
Indian Rupee | BCLY | (31,602 | ) | 07/12/2012 | (600 | ) | 10 | |||||||||||
Indian Rupee | JPM | 360,287 | 07/12/2012 | 7,751 | (1,021 | ) | ||||||||||||
Indian Rupee | HSBC | (16,329 | ) | 07/12/2012 | (300 | ) | (5 | ) | ||||||||||
Indian Rupee | GSC | (13,106 | ) | 07/12/2012 | (235 | ) | (10 | ) | ||||||||||
Indian Rupee | JPM | (34,997 | ) | 07/12/2012 | (630 | ) | (24 | ) | ||||||||||
Indian Rupee | HSBC | (13,115 | ) | 07/12/2012 | (235 | ) | (10 | ) | ||||||||||
Indian Rupee | BCLY | (32,880 | ) | 07/12/2012 | (600 | ) | (14 | ) | ||||||||||
Indian Rupee | JPM | (33,196 | ) | 07/12/2012 | (650 | ) | 30 | |||||||||||
Indian Rupee | JPM | (33,235 | ) | 07/12/2012 | (650 | ) | 29 | |||||||||||
Indian Rupee | BCLY | (31,908 | ) | 07/12/2012 | (600 | ) | 4 | |||||||||||
Indian Rupee | DUB | (28,120 | ) | 07/12/2012 | (508 | ) | (18 | ) | ||||||||||
Indian Rupee | BCLY | (91,800 | ) | 07/12/2012 | (1,800 | ) | 85 | |||||||||||
Indonesian Rupiah | UBS | (148 | ) | 07/02/2012 | u | (u | ) | |||||||||||
Japanese Yen | BCLY | (79,081 | ) | 06/07/2012 | (962 | ) | (28 | ) | ||||||||||
Mexican Peso | HSBC | 80 | 06/15/2012 | 6 | (u | ) | ||||||||||||
Philippine Peso | CITI | 10 | 06/08/2012 | u | u | |||||||||||||
Pound Sterling | UBS | (3,473 | ) | 06/12/2012 | (5,474 | ) | (161 | ) | ||||||||||
Republic of Korea Won | UBS | 1,084 | 07/12/2012 | 1 | (u | ) | ||||||||||||
Singapore Dollar | UBS | u | 05/15/2012 | u | u | |||||||||||||
Singapore Dollar | UBS | u | 05/15/2012 | u | u | |||||||||||||
Singapore Dollar | UBS | u | 08/03/2012 | u | u | |||||||||||||
|
| |||||||||||||||||
$ | (1,821 | ) | ||||||||||||||||
|
|
FUTURES CONTRACTS:
Description | Type | Contracts | Expiration Date | Net Unrealized Appreciation (Depreciation) (000’s) | ||||||||||||
90-Day Eurodollar | Long | 300 | 12/16/2013 | $ | 449 | |||||||||||
90-Day Eurodollar | Long | 112 | 03/16/2015 | 124 | ||||||||||||
90-Day Eurodollar | Long | 44 | 06/15/2015 | 43 | ||||||||||||
German Euro Bund | Short | (93 | ) | 06/07/2012 | (351 | ) | ||||||||||
|
| |||||||||||||||
$ | 265 | |||||||||||||||
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 86 |
Transamerica Real Return TIPS
(formerly, Transamerica PIMCO Real Return TIPS)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Collateral (Received) Pledged for OTC Financial Derivative Instruments:
The following is a summary by counterparty of the market value of OTC financial derivative instruments and collateral (received)/pledged as of 04/30/2012:
Counterparty | Total Market Value of OTC Derivatives (000’s) | Collateral (Received)/Pledged (000’s) | Net Exposures (1) (000’s) | |||||||||
BCLY | $ | (33 | ) | $ | — | $ | (33 | ) | ||||
BNP | (13 | ) | — | (13 | ) | |||||||
BNS | (u | ) | — | (u | ) | |||||||
BOA | (100 | ) | — | (100 | ) | |||||||
CITI | (165 | ) | — | (165 | ) | |||||||
DUB | (1,142 | ) | 1,028 | (114 | ) | |||||||
GSC | 32 | (20 | ) | 12 | ||||||||
HSBC | 621 | (590 | ) | 31 | ||||||||
JPM | (1,001 | ) | 801 | (200 | ) | |||||||
MSC | 80 | (145 | ) | (65 | ) | |||||||
RBS | 66 | — | 66 | |||||||||
UBS | 746 | (720 | ) | 26 |
(1) | Net exposure represents the net receivable/(payable) that would be due from/to the counterparty in the event of default. |
NOTES TO SCHEDULE OF INVESTMENTS (all amounts in thousands):
^ | All or a portion of this security is on loan. The value of all securities on loan is $88,389. |
* | Floating or variable rate note. Rate is listed as of 04/30/2012. |
ə | Fair valued as determined in good faith in accordance with procedures established by the Board of Trustees. Total aggregate market value of fair valued securities is $1,591, or 0.17% of the fund’s net assets. |
¥ | Percentage rounds to less than 0.1%. |
p | Rate shown reflects the yield at 04/30/2012. |
§ | Illiquid. Total aggregate market value of illiquid securities is $476, or 0.05% of the fund’s net assets, and total aggregate market value of illiquid derivatives is $1,175, or 0.13% of the fund’s net assets. |
P | Aggregate cost for federal income tax purposes is $1,038,903. Aggregate gross unrealized appreciation/depreciation for all securities in which there is an excess of value over tax cost were $65,124 and $6,068, respectively. Net unrealized appreciation for tax purposes is $59,056. |
u | Amount is less than 1. |
(1) | If the fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the fund will either (a) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (b) receive a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
(2) | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues or sovereign issues of an emerging country as of period end serve as an indicator of the current status of the payment/performance risk and represent the likelihood of risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include the referenced entity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. A credit spread identified as “Defaulted” indicates a credit event has occurred for the referenced entity or obligation. |
(3) | The maximum potential amount the fund could be required to make as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
(4) | If the fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the fund will either (a) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (b) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
(5) | The quoted market prices and resulting values for credit default swap agreements on asset-backed securities and credit indices serve as an indicator of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative had the notional amount of the swap agreement been closed/sold as of the period ended. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the references entity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
g | A portion of these securities in the amount of $610 has been segregated as collateral with the broker to cover margin requirements for open futures contracts. |
ß | A portion of these securities in the amount of $1,829 has been segregated as collateral with the custodian for open swaps, swaptions, and/or forward foreign currency contracts. |
P | Cash in the amount of $1,475 has been pledged by the broker as collateral for open swaps, swaptions, and/or forward foreign currency contracts. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 87 |
Transamerica Real Return TIPS
(formerly, Transamerica PIMCO Real Return TIPS)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
DEFINITIONS (all amounts in thousands):
144A | 144A Securities are registered pursuant to Rule 144A of the Securities Act of 1933. These securities are deemed to be liquid for purposes of compliance limitations on holdings of illiquid securities and may be resold as transactions exempt from registration, normally to qualified institutional buyers. At 04/30/2012, these securities aggregated $56,351, or 6.16% of the fund’s net assets. | |
BCLY | Barclays Bank PLC | |
BNP | BNP Paribas | |
BNS | Bank of Nova Scotia | |
BOA | Bank of America | |
BP | Basis Point | |
CDI | Credit Default Index | |
CITI | Citibank, Inc. | |
CLO | Collateralized Loan Obligation | |
CPURNSA | US CPI Urban Consumers Non-Seasonably Adjusted Index | |
DUB | Deutsche Bank AG | |
GSC | Goldman Sachs & Co. | |
HSBC | HSBC Bank USA | |
IRO | Interest Rate Option | |
JPM | JP Morgan Chase & Co. | |
LIBOR | London Interbank Offered Rate | |
MSC | Morgan Stanley | |
OTC | Over the Counter | |
RBS | Royal Bank of Scotland PLC | |
UBS | UBS Warburg LLC |
CURRENCY ABBREVIATIONS:
AUD | Australian Dollar | |
BRL | Brazilian Real | |
CAD | Canadian Dollar | |
EUR | Euro | |
GBP | Pound Sterling | |
USD | United States Dollar |
VALUATION SUMMARY (all amounts in thousands): '
Investment Securities | Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Value at 04/30/2012 | ||||||||||||
Asset-Backed Securities | $ | — | $ | 6,633 | $ | 300 | $ | 6,933 | ||||||||
Corporate Debt Securities | — | 92,294 | — | 92,294 | ||||||||||||
Foreign Government Obligations | — | 31,217 | — | 31,217 | ||||||||||||
Loan Assignments | — | 6,145 | — | 6,145 | ||||||||||||
Mortgage-Backed Securities | — | 33,531 | — | 33,531 | ||||||||||||
Municipal Government Obligations | — | 809 | — | 809 | ||||||||||||
Purchased Swaption | 248 | — | — | 248 | ||||||||||||
Repurchase Agreement | — | 1,563 | — | 1,563 | ||||||||||||
Securities Lending Collateral | 90,185 | — | — | 90,185 | ||||||||||||
Short-Term U.S. Government Obligation | — | 411 | — | 411 | ||||||||||||
U.S. Government Agency Obligations | — | 4,025 | — | 4,025 | ||||||||||||
U.S. Government Obligations | — | 823,598 | — | 823,598 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total | $ | 90,433 | $ | 1,007,226 | $ | 300 | $ | 1,097,959 | ||||||||
|
|
|
|
|
|
|
|
Other Financial Instruments | Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Value at 04/30/2012 | ||||||||||||
Inflation Floor Options | $ | — | $ | (36 | ) | $ | — | $ | (36 | ) | ||||||
Written Swaptions | — | (1,585 | ) | — | (1,585 | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Total | $ | — | $ | (1,621 | ) | $ | — | $ | (1,621 | ) | ||||||
|
|
|
|
|
|
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 88 |
Transamerica Real Return TIPS
(formerly, Transamerica PIMCO Real Return TIPS)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
VALUATION SUMMARY (all amounts in thousands) (continued): '
Other Financial Instruments ₣ | Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Value at 04/30/2012 | ||||||||||||
Futures Contracts—Appreciation | $ | 616 | $ | — | $ | — | $ | 616 | ||||||||
Futures Contracts—Depreciation | (351 | ) | — | — | (351 | ) | ||||||||||
Credit Default Swaps—Appreciation | — | 193 | — | 193 | ||||||||||||
Credit Default Swaps—Depreciation | — | (478 | ) | — | (478 | ) | ||||||||||
Forward Foreign Currency Contracts—Appreciation | — | 296 | — | 296 | ||||||||||||
Forward Foreign Currency Contracts—Depreciation | — | (2,117 | ) | — | (2,117 | ) | ||||||||||
Interest Rate Swaps—Appreciation | — | 1,108 | — | 1,108 | ||||||||||||
Interest Rate Swaps—Depreciation | — | (5 | ) | — | (5 | ) | ||||||||||
Total Return Swaps—Appreciation | — | 1 | — | 1 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total | $ | 265 | $ | (1,002 | ) | $ | — | $ | (737 | ) | ||||||
|
|
|
|
|
|
|
|
Level 3 Rollforward—Investment Securities
Securities | Beginning Balance at 10/31/2011 | Purchases | Sales | Accrued Discounts/ (Premiums) | Total Realized Gain/(Loss) | Net Change in Unrealized Appreciation/ (Depreciation) ƒ | Transfers into Level 3 y | Transfers out of Level 3 | Ending Balance at 04/30/2012 | Net Change in Unrealized Appreciation/ (Depreciation) on Investments Held at 04/30/2012 ƒ | ||||||||||||||||||||||||||||||
Asset—Backed Securities | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 300 | $ | — | $ | 300 | $ | (16 | ) |
' | See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
₣ | Other financial instruments are derivative instruments that are valued at unrealized appreciation (depreciation) on the instrument. |
ƒ | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at 04/30/2012 may be due to an investment no longer held or becomes categorized as Level 3 at period end. |
y | Transferred into Level 3 because of unavailability of observable inputs. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 89 |
Transamerica Select Equity
(formerly, Transamerica ICAP Select Equity)
SCHEDULE OF INVESTMENTS
At April 30, 2012
(unaudited)
Shares | Value (000’s) | |||||||
COMMON STOCKS—95.7% |
| |||||||
Aerospace & Defense—4.3% |
| |||||||
Honeywell International, Inc. | 907,600 | $ | 55,055 | |||||
Auto Components—3.5% |
| |||||||
Johnson Controls, Inc. | 1,371,700 | 43,853 | ||||||
Beverages—1.3% |
| |||||||
Coca-Cola Co. | 213,550 | 16,298 | ||||||
Chemicals—2.5% |
| |||||||
Monsanto Co. | 412,150 | 31,398 | ||||||
Commercial Banks—5.1% |
| |||||||
BB&T Corp. | 992,600 | 31,803 | ||||||
Wells Fargo & Co. | 997,850 | 33,358 | ||||||
Communications Equipment—4.7% |
| |||||||
Cisco Systems, Inc. | 2,929,700 | 59,033 | ||||||
Consumer Finance—3.4% |
| |||||||
Capital One Financial Corp. | 785,450 | 43,577 | ||||||
Diversified Financial Services—6.3% |
| |||||||
Citigroup, Inc. | 832,750 | 27,514 | ||||||
JPMorgan Chase & Co. | 1,214,900 | 52,216 | ||||||
Food Products—1.9% |
| |||||||
Archer-Daniels-Midland Co. | 794,150 | 24,484 | ||||||
Health Care Equipment & Supplies—2.1% |
| |||||||
Covidien PLC | 491,700 | 27,157 | ||||||
Household Products—6.2% |
| |||||||
Procter & Gamble Co. | 1,240,400 | 78,939 | ||||||
Industrial Conglomerates—3.1% |
| |||||||
General Electric Co. | 1,978,250 | 38,734 | ||||||
Insurance—2.5% |
| |||||||
MetLife, Inc. | 872,700 | 31,443 | ||||||
Machinery—0.8% |
| |||||||
Cummins, Inc. | 87,450 | 10,129 | ||||||
Media—8.3% |
| |||||||
Time Warner, Inc. | 1,776,950 | 66,564 | ||||||
Viacom, Inc.—Class B | 824,650 | 38,256 |
Shares | Value (000’s) | |||||||
Oil, Gas & Consumable Fuels—13.6% |
| |||||||
ConocoPhillips | 516,700 | $ | 37,011 | |||||
Exxon Mobil Corp. | 678,850 | 58,612 | ||||||
Marathon Petroleum Corp. | 398,150 | 16,567 | ||||||
Occidental Petroleum Corp. | 452,400 | 41,268 | ||||||
Southwestern Energy Co. ‡ | 576,250 | 18,198 | ||||||
Pharmaceuticals—9.9% |
| |||||||
Merck & Co., Inc. | 390,950 | 15,341 | ||||||
Pfizer, Inc. | 3,700,450 | 84,851 | ||||||
Sanofi ADR | 659,950 | 25,197 | ||||||
Semiconductors & Semiconductor Equipment—5.8% |
| |||||||
Applied Materials, Inc. | 2,138,750 | 25,644 | ||||||
Texas Instruments, Inc. | 1,507,300 | 48,143 | ||||||
Software—6.1% |
| |||||||
Microsoft Corp. | 2,410,450 | 77,183 | ||||||
Wireless Telecommunication Services—4.3% |
| |||||||
Vodafone Group PLC ADR | 1,975,700 | 54,984 | ||||||
|
| |||||||
Total Common Stocks (cost $1,089,327) | 1,212,810 | |||||||
|
|
Principal (000’s) | Value (000’s) | |||||||
REPURCHASE AGREEMENT—4.3% |
| |||||||
State Street Bank & Trust Co. 0.03% p, dated 04/30/2012, to be repurchased at $54,995 on 05/01/2012. Collateralized by a U.S. Government Agency Obligation, 3.50%, due 11/25/2038, and with a value of $56,096. | $ | 54,995 | 54,995 | |||||
Total Repurchase Agreement | ||||||||
|
| |||||||
Total Investment Securities | 1,267,805 | |||||||
Other Assets and Liabilities—Net | 461 | |||||||
|
| |||||||
Net Assets | $ | 1,268,266 | ||||||
|
|
NOTES TO SCHEDULE OF INVESTMENTS (all amounts in thousands):
‡ | Non-income producing security. |
p | Rate shown reflects the yield at 04/30/2012. |
P | Aggregate cost for federal income tax purposes is $1,144,322. Aggregate gross unrealized appreciation/depreciation for all securities in which there is an excess of value over tax cost were $127,384 and $3,901, respectively. Net unrealized appreciation for tax purposes is $123,483. |
DEFINITION:
ADR | American Depositary Receipt |
VALUATION SUMMARY (all amounts in thousands): '
Investment Securities | Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Value at 04/30/2012 | ||||||||||||
Common Stocks | $ | 1,132,629 | $ | 80,181 | $ | — | $ | 1,212,810 | ||||||||
Repurchase Agreement | — | 54,995 | — | 54,995 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total | $ | 1,132,629 | $ | 135,176 | $ | — | $ | 1,267,805 | ||||||||
|
|
|
|
|
|
|
|
' | See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 90 |
Transamerica Small- & Mid-Cap Value Select
(formerly, Transamerica Oppenheimer Small- & Mid-Cap Value)
SCHEDULE OF INVESTMENTS
At April 30, 2012
(unaudited)
Shares | Value (000’s) | |||||||
COMMON STOCKS — 89.5% |
| |||||||
Airlines - 0.6% | ||||||||
United Continental Holdings, Inc. ‡^ | 48,320 | $ | 1,059 | |||||
Auto Components—1.3% | ||||||||
Lear Corp. | 58,070 | 2,410 | ||||||
Capital Markets—3.2% |
| |||||||
Affiliated Managers Group, Inc. ‡ | 14,514 | 1,649 | ||||||
Lazard, Ltd.—Class A | 38,740 | 1,066 | ||||||
Northern Trust Corp. | 29,060 | 1,383 | ||||||
Raymond James Financial, Inc. | 49,170 | 1,800 | ||||||
Chemicals—4.2% |
| |||||||
Airgas, Inc. | 24,200 | 2,218 | ||||||
Celanese Corp.—Class A | 38,730 | 1,877 | ||||||
Mosaic Co. | 68,340 | 3,609 | ||||||
Commercial Banks—8.2% |
| |||||||
Fifth Third Bancorp | 121,020 | 1,722 | ||||||
M&T Bank Corp. | 48,320 | 4,168 | ||||||
Prosperity Bancshares, Inc. ^ | 48,320 | 2,254 | ||||||
Signature Bank ‡^ | 43,500 | 2,858 | ||||||
SunTrust Banks, Inc. | 37,790 | 918 | ||||||
Zions Bancorporation ^ | 145,140 | 2,959 | ||||||
Commercial Services & Supplies—0.9% |
| |||||||
Republic Services, Inc.—Class A | 58,070 | 1,589 | ||||||
Communications Equipment—2.5% | ||||||||
Ciena Corp. ‡^ | 145,100 | 2,150 | ||||||
Juniper Networks, Inc. ‡ | 116,140 | 2,489 | ||||||
Computers & Peripherals—0.6% |
| |||||||
Western Digital Corp. ‡ | 29,030 | 1,127 | ||||||
Containers & Packaging—1.3% | ||||||||
Rock-Tenn Co.—Class A | 38,720 | 2,413 | ||||||
Electric Utilities—3.7% | ||||||||
Cleco Corp. ^ | 48,320 | 1,971 | ||||||
NV Energy, Inc. | 145,070 | 2,416 | ||||||
Pepco Holdings, Inc. ^ | 125,780 | 2,380 | ||||||
Electrical Equipment—1.0% |
| |||||||
Cooper Industries PLC—Class A | 29,000 | 1,815 | ||||||
Energy Equipment & Services—2.6% |
| |||||||
Ensco PLC ADR | 33,910 | 1,853 | ||||||
Nabors Industries, Ltd. ‡ | 82,280 | 1,370 | ||||||
Tidewater, Inc. | 29,030 | 1,598 | ||||||
Food & Staples Retailing—0.5% |
| |||||||
Kroger Co. | 39,810 | 926 | ||||||
Food Products—3.4% |
| |||||||
Adecoagro SA ‡^ | 96,610 | 862 | ||||||
ConAgra Foods, Inc. | 68,970 | 1,780 | ||||||
JM Smucker Co. | 21,930 | 1,746 | ||||||
Sara Lee Corp. | 79,520 | 1,753 | ||||||
Gas Utilities—2.2% |
| |||||||
AGL Resources, Inc. | 67,710 | 2,670 | ||||||
EQT Corp. | 29,030 | 1,446 | ||||||
Health Care Providers & Services—5.4% |
| |||||||
Aetna, Inc. | 38,680 | 1,703 | ||||||
DaVita, Inc. ‡ | 38,677 | 3,427 | ||||||
Humana, Inc. | 29,030 | 2,342 | ||||||
Universal Health Services, Inc.—Class B | 58,070 | 2,480 | ||||||
Hotels, Restaurants & Leisure—0.7% |
| |||||||
Pinnacle Entertainment, Inc. ‡ | 116,141 | 1,289 | ||||||
Household Durables—3.3% |
| |||||||
Mohawk Industries, Inc. ‡ | 38,680 | 2,592 | ||||||
Newell Rubbermaid, Inc. | 193,590 | 3,524 | ||||||
Household Products—2.3% |
| |||||||
Church & Dwight Co., Inc. | 29,690 | 1,508 | ||||||
Energizer Holdings, Inc. ‡ | 38,678 | 2,759 |
Shares | Value (000’s) | |||||||
Independent Power Producers & Energy Traders - 0.2% |
| |||||||
GenOn Energy, Inc. ‡ | 194,660 | $ | 415 | |||||
Industrial Conglomerates—2.7% |
| |||||||
Tyco International, Ltd. | 87,100 | 4,889 | ||||||
Insurance—8.9% |
| |||||||
ACE, Ltd. | 29,038 | 2,206 | ||||||
AON PLC | 29,400 | 1,523 | ||||||
Brown & Brown, Inc. | 77,380 | 2,087 | ||||||
Everest RE Group, Ltd. | 38,674 | 3,832 | ||||||
Progressive Corp. | 145,070 | 3,090 | ||||||
Reinsurance Group of America, Inc.—Class A | 58,070 | 3,376 | ||||||
IT Services—0.0% ¥ |
| |||||||
Teletech Holdings, Inc. ‡ | 3,360 | 51 | ||||||
Leisure Equipment & Products—2.6% |
| |||||||
Hasbro, Inc. ^ | 58,070 | 2,133 | ||||||
Mattel, Inc. | 78,040 | 2,623 | ||||||
Life Sciences Tools & Services—0.7% |
| |||||||
Agilent Technologies, Inc. | 29,030 | 1,224 | ||||||
Machinery—6.1% |
| |||||||
AGCO Corp. ‡ | 58,070 | 2,704 | ||||||
Navistar International Corp. ‡^ | 99,210 | 3,368 | ||||||
SPX Corp. | 29,030 | 2,229 | ||||||
Stanley Black & Decker, Inc. | 38,680 | 2,830 | ||||||
Metals & Mining—1.4% |
| |||||||
Allegheny Technologies, Inc. | 58,070 | 2,494 | ||||||
Multi-Utilities—2.5% |
| |||||||
CMS Energy Corp. | 119,668 | 2,751 | ||||||
Scana Corp.^ | 39,760 | 1,834 | ||||||
Oil, Gas & Consumable Fuels—3.8% |
| |||||||
Alpha Natural Resources, Inc. ‡ | 48,320 | 779 | ||||||
Bill Barrett Corp. ‡^ | 77,380 | 1,856 | ||||||
Cimarex Energy Co. | 21,730 | 1,502 | ||||||
Noble Energy, Inc. | 9,640 | 957 | ||||||
Whiting Petroleum Corp. ‡ | 31,470 | 1,800 | ||||||
Pharmaceuticals—1.3% |
| |||||||
Mylan, Inc. ‡ | 107,640 | 2,337 | ||||||
Real Estate Investment Trusts—1.0% |
| |||||||
BioMed Realty Trust, Inc. | 96,746 | 1,918 | ||||||
Real Estate Management & Development—0.4% |
| |||||||
Jones Lang LaSalle, Inc. | 9,640 | 771 | ||||||
Semiconductors & Semiconductor Equipment—2.7% |
| |||||||
Atmel Corp. ‡ | 97,620 | 866 | ||||||
Marvell Technology Group, Ltd. ‡ | 116,140 | 1,743 | ||||||
Skyworks Solutions, Inc. ‡ | 59,470 | 1,614 | ||||||
Xilinx, Inc. | 19,570 | 712 | ||||||
Software—3.5% |
| |||||||
Electronic Arts, Inc. ‡ | 214,940 | 3,306 | ||||||
Take-Two Interactive Software, Inc. ‡ | 215,950 | 3,045 | ||||||
Specialty Retail—1.3% |
| |||||||
Abercrombie & Fitch Co.—Class A | 48,320 | 2,424 | ||||||
Textiles, Apparel & Luxury Goods—0.9% |
| |||||||
PVH Corp. | 19,320 | 1,716 | ||||||
Trading Companies & Distributors—0.9% |
| |||||||
AerCap Holdings NV ‡ | 149,370 | 1,730 | ||||||
Wireless Telecommunication Services—0.7% |
| |||||||
NII Holdings, Inc. ‡ ^ | 96,770 | 1,354 | ||||||
|
| |||||||
Total Common Stocks | 164,017 | |||||||
|
| |||||||
SECURITIES LENDING COLLATERAL—12.5% |
| |||||||
State Street Navigator Securities Lending | 22,838,173 | 22,838 | ||||||
Total Securities Lending Collateral |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 91 |
Transamerica Small- & Mid-Cap Value Select
(formerly, Transamerica Oppenheimer Small- & Mid-Cap Value)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Principal (000’s) | Value (000’s) | |||||||
REPURCHASE AGREEMENT - 64.9% |
| |||||||
State Street Bank & Trust Co. 0.03% p, dated 04/30/2012, to be repurchased at $118,838 on 05/01/2012. Collateralized by a U.S. Government Agency Obligation, 3.00%, due 12/01/2026, and with a value of $121,217. | $ | 118,838 | $ | 118,838 | ||||
Total Repurchase Agreement | ||||||||
|
| |||||||
Total Investment Securities |
| 305,693 | ||||||
Other Assets and Liabilities—Net | (122,484 | ) | ||||||
|
| |||||||
Net Assets | $ | 183,209 | ||||||
|
|
NOTES TO SCHEDULE OF INVESTMENTS (all amounts in thousands):
‡ | Non-income producing security. |
^ | All or a portion of this security is on loan. The value of all securities on loan is $22,260. |
¥ | Percentage rounds to less than 0.1%. |
p | Rate shown reflects the yield at 04/30/2012. |
P | Aggregate cost for federal income tax purposes is $283,392. Aggregate gross unrealized appreciation/depreciation for all securities in which there is an excess of value over tax cost were $25,841 and $3,540, respectively. Net unrealized appreciation for tax purposes is $22,301. |
DEFINITION:
ADR American Depositary Receipt
VALUATION SUMMARY (all amounts in thousands): '
Investment Securities | Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Value at 04/30/2012 | ||||||||||||
Common Stocks | $ | 162,164 | $ | 1,853 | $ | — | $ | 164,017 | ||||||||
Repurchase Agreement | — | 118,838 | — | 118,838 | ||||||||||||
Securities Lending Collateral | 22,838 | — | — | 22,838 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total | $ | 185,002 | $ | 120,691 | $ | — | $ | 305,693 | ||||||||
|
|
|
|
|
|
|
|
' | See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 92 |
Transamerica Small Company Growth
(formerly, Transamerica Morgan Stanley Small Company Growth)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Shares | Value (000’s) | |||||||
CONVERTIBLE PREFERRED STOCK—0.6% |
| |||||||
Automobiles—0.6% |
| |||||||
Better Place ‡ ə § D | 347,133 | $ | 1,402 | |||||
Total Convertible Preferred Stock | ||||||||
PREFERRED STOCKS—2.6% |
| |||||||
Health Care Providers & Services—0.5% | ||||||||
Castlight Health, Inc. ‡ ə § D | 193,841 | 1,170 | ||||||
Internet Software & Services—1.9% |
| |||||||
Peixe Urbano, Inc. ‡ ə § D | 15,034 | 421 | ||||||
Twitter, Inc.—Series E ‡ ə § D | 198,284 | 3,191 | ||||||
Xoom, Inc.—Series F ‡ ə § D | 264,130 | 726 | ||||||
Media—0.1% | ||||||||
Glam Media, Inc.—Series M ‡ ə § D | 33,059 | 172 | ||||||
Glam Media, Inc. (Escrow Shares) ‡ ə § D | 4,722 | 16 | ||||||
Software—0.1% |
| |||||||
Workday, Inc. ‡ ə § D | 20,219 | 268 | ||||||
|
| |||||||
Total Preferred Stocks | 5,964 | |||||||
|
| |||||||
COMMON STOCKS—96.0% |
| |||||||
Air Freight & Logistics—1.1% |
| |||||||
XPO Logistics, Inc. ‡ ^ | 147,684 | 2,453 | ||||||
Biotechnology—2.0% |
| |||||||
Abcam PLC | 370,174 | 2,223 | ||||||
Ironwood Pharmaceuticals, Inc.—Class A ‡ ^ | 190,396 | 2,515 | ||||||
Capital Markets—4.0% |
| |||||||
CETIP SA—Mercados Organizados | 121,883 | 1,878 | ||||||
Financial Engines, Inc. ‡ ^ | 157,871 | 3,606 | ||||||
Greenhill & Co., Inc. ^ | 98,636 | 3,832 | ||||||
Chemicals—4.5% |
| |||||||
Intrepid Potash, Inc. ‡ ^ | 117,776 | 2,927 | ||||||
Rockwood Holdings, Inc. ‡ | 138,143 | 7,645 | ||||||
Commercial Services & Supplies—1.2% |
| |||||||
Covanta Holding Corp. ^ | 177,998 | 2,857 | ||||||
Construction Materials—2.1% |
| |||||||
Eagle Materials, Inc. ^ | 136,465 | 4,806 | ||||||
Diversified Financial Services—0.4% |
| |||||||
PICO Holdings, Inc. ‡ ^ | 40,288 | 967 | ||||||
Diversified Telecommunication Services—1.1% |
| |||||||
Cogent Communications Group, Inc. ‡ ^ | 137,253 | 2,571 | ||||||
Electric Utilities—5.1% |
| |||||||
Brookfield Infrastructure Partners, LP | 377,643 | 11,911 | ||||||
Prime AET&D Holdings No. 1 Pty, Ltd. ‡ ə | 737,572 | u | ||||||
Food Products—0.6% |
| |||||||
Annie’s, Inc. ‡ | 37,532 | 1,493 | ||||||
Health Care Equipment & Supplies—2.1% |
| |||||||
Gen-Probe, Inc. ‡ ^ | 54,498 | 4,444 | ||||||
Zeltiq Aesthetics, Inc. ‡ ^ | 77,311 | 481 | ||||||
Health Care Providers & Services—2.3% |
| |||||||
HMS Holdings Corp. ‡ ^ | 189,047 | 4,549 | ||||||
LCA-Vision, Inc. ‡ ^ | 109,235 | 808 | ||||||
Health Care Technology—4.2% |
| |||||||
athenahealth, Inc. ‡ ^ | 136,245 | 9,871 | ||||||
Hotels, Restaurants & Leisure—7.9% |
| |||||||
Country Style Cooking Restaurant Chain Co., Ltd. ADR ‡ ^ | 117,847 | 966 | ||||||
Dunkin’ Brands Group, Inc. ^ | 102,656 | 3,323 | ||||||
PF Chang’s China Bistro, Inc. ^ | 218,459 | 8,671 | ||||||
Vail Resorts, Inc. ^ | 132,041 | 5,385 | ||||||
Household Durables—1.7% |
| |||||||
Brookfield Incorporacoes SA | 694,708 | 1,830 | ||||||
iRobot Corp. ‡ ^ | 89,617 | 2,115 | ||||||
Insurance—2.1% |
| |||||||
Greenlight Capital Re, Ltd.—Class A ‡ ^ | 198,544 | 4,944 | ||||||
Internet & Catalog Retail—5.3% |
| |||||||
Blue Nile, Inc. ‡ ^ | 136,939 | 4,147 | ||||||
MakeMyTrip, Ltd. ‡ ^ | 163,780 | 3,179 |
Shares | Value (000’s) | |||||||
Internet & Catalog Retail (continued) |
| |||||||
Ocado Group PLC ‡ ^ | 1,305,524 | $ | 2,750 | |||||
Shutterfly, Inc. ‡ ^ | 69,930 | 2,176 | ||||||
Internet Software & Services—17.8% |
| |||||||
Ancestry.com, Inc. ‡ ^ | 90,328 | 2,412 | ||||||
Angie’s List, Inc. ‡ ^ | 231,314 | 3,227 | ||||||
Bankrate, Inc. ‡ ^ | 208,370 | 4,880 | ||||||
CoStar Group, Inc. ‡ ^ | 122,265 | 8,911 | ||||||
MercadoLibre, Inc. ^ | 67,040 | 6,484 | ||||||
OpenTable, Inc. ‡ ^ | 114,975 | 5,143 | ||||||
Sohu.com, Inc. ‡ ^ | 42,700 | 2,202 | ||||||
VistaPrint NV ‡ ^ | 75,025 | 2,798 | ||||||
Yelp, Inc.—Class A ‡ ^ | 57,598 | 1,317 | ||||||
Youku, Inc. ADR ‡ ^ | 110,521 | 2,657 | ||||||
Youku.com, Inc.—Class A ‡ ə § D | 10 | u | ||||||
Zillow, Inc.—Class A ‡ ^ | 34,902 | 1,217 | ||||||
Leisure Equipment & Products—0.5% |
| |||||||
Universal Entertainment Corp. ^ | 50,400 | 1,160 | ||||||
Life Sciences Tools & Services—3.4% |
| |||||||
Techne Corp. ^ | 119,617 | 8,007 | ||||||
Machinery—1.8% |
| |||||||
Rexnord Corp. ‡ | 188,829 | 4,169 | ||||||
Media—2.7% |
| |||||||
Lamar Advertising Co.—Class A ‡ ^ | 154,648 | 4,921 | ||||||
Pandora Media, Inc. ‡ ^ | 160,700 | 1,382 | ||||||
Metals & Mining—3.0% |
| |||||||
Lynas Corp., Ltd. ‡ ^ | 5,884,065 | 6,897 | ||||||
Oil, Gas & Consumable Fuels—1.6% |
| |||||||
Oasis Petroleum, Inc. ‡ ^ | 110,208 | 3,645 | ||||||
Professional Services—8.7% |
| |||||||
Advisory Board Co. ‡ ^ | 142,356 | 12,977 | ||||||
Corporate Executive Board Co. | 178,760 | 7,395 | ||||||
Semiconductors & Semiconductor Equipment—1.5% |
| |||||||
Tessera Technologies, Inc. ‡ ^ | 215,968 | 3,378 | ||||||
Software—5.7% |
| |||||||
NetSuite, Inc. ‡ ^ | 172,746 | 7,667 | ||||||
Solera Holdings, Inc. ^ | 93,348 | 4,195 | ||||||
Splunk, Inc. ‡ | 40,416 | 1,372 | ||||||
Specialty Retail—0.5% |
| |||||||
Citi Trends, Inc. ‡ ^ | 110,733 | 1,234 | ||||||
Transportation Infrastructure—1.1% | ||||||||
LLX Logistica SA ‡ | 1,565,939 | 2,621 | ||||||
|
| |||||||
Total Common Stocks | 223,591 | |||||||
|
| |||||||
Principal (000’s) | Value (000’s) | |||||||
CORPORATE DEBT SECURITIES — 0.0% ¥ |
| |||||||
Media—0.0% ¥ | ||||||||
Glam Media, Inc. ‡ ə § D | $ | 10 | 7 | |||||
Glam Media, Inc. (Escrow Shares) ‡ ə § D | 72 | 72 | ||||||
|
| |||||||
Total Corporate Debt Securities | 79 | |||||||
|
| |||||||
Shares | Value (000’s) | |||||||
SECURITIES LENDING COLLATERAL—25.8% |
| |||||||
State Street Navigator Securities Lending Trust—Prime Portfolio, 0.29% p | 60,047,223 | 60,047 | ||||||
Total Securities Lending Collateral |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 93 |
Transamerica Small Company Growth
(formerly, Transamerica Morgan Stanley Small Company Growth)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Principal (000’s) | Value (000’s) | |||||||
REPURCHASE AGREEMENT—0.4% |
| |||||||
State Street Bank & Trust Co. 0.03% p, dated 04/30/2012, to be repurchased at $884 on 05/01/2012. Collateralized by a U.S. Government Agency Obligation, 3.00%, due 12/01/2026, and with a value of $902. | $ | 884 | $ | 884 | ||||
Total Repurchase Agreement |
| |||||||
|
| |||||||
Total Investment Securities | 291,967 | |||||||
Other Assets and Liabilities—Net | (59,100 | ) | ||||||
|
| |||||||
Net Assets | $ | 232,867 | ||||||
|
|
NOTES TO SCHEDULE OF INVESTMENTS (all amounts in thousands):
ə | Fair valued as determined in good faith in accordance with procedures established by the Board of Trustees. Total aggregate market value of fair valued securities is $7,445, or 3.20%, of the fund’s net assets. |
‡ | Non-income producing security. |
§ | Illiquid. Total aggregate market value of illiquid securities is $7,445, or 3.20% of the fund’s net assets. |
D | Restricted. At 04/30/2012, the fund owned the respective securities (representing 3.20% of the fund’s net assets) which were restricted as to public resale: |
Description | Date of Acquisition | Shares* | Cost | Value | Price * | |||||||||||||||
Better Place | 01/25/2010 | 347,133 | 868 | $ | 1,402 | $ | 4.04 | |||||||||||||
Castlight Health, Inc. | 06/04/2010 | 193,841 | 797 | 1,170 | 6.04 | |||||||||||||||
Peixe Urbano, Inc. | 12/02/2011 | 15,034 | 495 | 421 | 28.00 | |||||||||||||||
Twitter, Inc.—Series E | 09/24/2009 | 198,284 | 528 | 3,191 | 16.09 | |||||||||||||||
Xoom, Inc.—Series F | 02/23/2010 | 264,130 | 756 | 726 | 2.75 | |||||||||||||||
Glam Media, Inc.—Series M | 03/19/2008 | 33,059 | 476 | 172 | 5.19 | |||||||||||||||
Glam Media, Inc. (Escrow Shares) | 03/19/2008 | 4,722 | 68 | 16 | 3.37 | |||||||||||||||
Workday, Inc. | 10/12/2011 | 20,219 | 268 | 268 | 13.26 | |||||||||||||||
Youku.com, Inc.—Class A | 09/16/2010 | 10 | u | u | 1.34 | |||||||||||||||
Description | Date of Acquisition | Principal | Cost | Value | Price * | |||||||||||||||
Glam Media, Inc. | 03/19/2008 | 10 | 29 | 7 | 65.00 | |||||||||||||||
Glam Media, Inc., (Escrow Shares) | 03/19/2008 | 72 | 201 | 72 | 100.00 |
* | Amount not in thousands. |
^ | All or a portion of this security is on loan. The value of all securities on loan is $58,178. |
¥ | Percentage rounds to less than 0.1%. |
p | Rate shown reflects the yield at 04/30/2012. |
u | Amount is less than 1. |
P | Aggregate cost for federal income tax purposes is $245,326. Aggregate gross unrealized appreciation/depreciation for all securities in which there is an excess of value over tax cost were $60,502 and $13,861, respectively. Net unrealized appreciation for tax purposes is $46,641. |
DEFINITION:
ADR American Depositary Receipt
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 94 |
Transamerica Small Company Growth
(formerly, Transamerica Morgan Stanley Small Company Growth)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
VALUATION SUMMARY (all amounts in thousands): '
Investment Securities | Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Value at 04/30/2012 | ||||||||||||
Common Stocks | $ | 206,938 | $ | 16,653 | $ | u | $ | 223,591 | ||||||||
Convertible Preferred Stock | — | — | 1,402 | 1,402 | ||||||||||||
Corporate Debt Securities | — | — | 79 | 79 | ||||||||||||
Preferred Stocks | — | — | 5,964 | 5,964 | ||||||||||||
Repurchase Agreement | — | 884 | — | 884 | ||||||||||||
Securities Lending Collateral | 60,047 | — | — | 60,047 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total | $ | 266,985 | $ | 17,537 | $ | 7,445 | $ | 291,967 | ||||||||
|
|
|
|
|
|
|
|
Level 3 Rollforward—Investment Securities
Securities | Beginning Balance at 10/31/2011 | Purchases | Sales | Accrued Discounts/ (Premiums) | Total Realized Gain/ (Loss) | Net Change in Unrealized Appreciation/ (Depreciation) ƒ | Transfers into Level 3 | Transfers out of Level 3 | Ending Balance at 04/30/2012 | Net Change in Unrealized Appreciation/ (Depreciation) on Investments Held at 04/30/2012ƒ | ||||||||||||||||||||||||||||||
Common Stocks | $ | u | $ | — | $ | — | $ | — | $ | — | $ | u | $ | — | $ | — | $ | u | $ | u | ||||||||||||||||||||
Convertible Preferred Stocks | 868 | — | — | — | — | 534 | — | — | 1,402 | 534 | ||||||||||||||||||||||||||||||
Corporate Debt Securities | — | 230 | Б | — | — | — | (151 | ) | — | — | 79 | (151 | ) | |||||||||||||||||||||||||||
Preferred Stocks | 5,118 | 1,039 | Б | (774 | ) Б | — | — | 581 | — | — | 5,964 | 561 | ||||||||||||||||||||||||||||
|
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|
|
|
|
|
|
|
|
| |||||||||||||||||||||
Total | $ | 5,986 | $ | 1,269 | $ | (774 | ) | $ | — | $ | — | $ | 964 | $ | — | $ | — | $ | 7,445 | $ | 944 | |||||||||||||||||||
|
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|
' | See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
ƒ | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at 04/30/2012 may be due to an investment no longer held or categorized as Level 3 at period end. |
Б | Amount includes transactions related to a corporate action of a Level 3 security that occurred during the current period. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 95 |
Transamerica Total Return
(formerly, Transamerica PIMCO Total Return)
SCHEDULE OF INVESTMENTS
At April 30, 2012
(unaudited)
Principal (000’s) | Value (000’s) | |||||||
U.S. GOVERNMENT OBLIGATIONS—18.9% |
| |||||||
U.S. Treasury Bond | $ | 8,700 | $ | 8,727 | ||||
3.75%, 08/15/2041 | 5,700 | 6,436 | ||||||
3.88%, 08/15/2040 | 7,200 | 8,316 | ||||||
4.38%, 02/15/2038—05/15/2041 | 4,500 | 5,642 | ||||||
7.50%, 11/15/2024 | 1,400 | 2,210 | ||||||
U.S. Treasury Inflation Indexed Bond | 2,910 | 4,001 | ||||||
U.S. Treasury Inflation Indexed Note | 18,204 | 19,037 | ||||||
1.13%, 01/15/2021 g | 11,863 | 13,605 | ||||||
U.S. Treasury Note | 4,500 | 4,499 | ||||||
2.00%, 11/15/2021 ß | 31,100 | 31,440 | ||||||
2.00%, 02/15/2022 ^ | 2,800 | 2,821 | ||||||
2.13%, 08/15/2021 | 600 | 615 | ||||||
2.38%, 05/31/2018 ^ | 15,000 | 16,145 | ||||||
2.63%, 11/15/2020 ^ ß | 16,300 | 17,563 | ||||||
|
| |||||||
Total U.S. Government Obligations |
| 141,057 | ||||||
|
| |||||||
U.S. GOVERNMENT AGENCY OBLIGATIONS—39.8% |
| |||||||
Fannie Mae | 216 | 215 | ||||||
0.59%, 09/25/2042 * | 357 | 354 | ||||||
1.36%, 10/01/2044 * | 479 | 490 | ||||||
1.37%, 03/01/2044 * | 995 | 1,024 | ||||||
2.11%, 07/01/2035 * | 372 | 389 | ||||||
2.17%, 09/01/2035 * | 659 | 691 | ||||||
2.33%, 01/01/2026 * | 3 | 3 | ||||||
2.38%, 01/01/2028 * | 43 | 45 | ||||||
2.40%, 11/01/2033 * | 176 | 186 | ||||||
2.82%, 03/01/2034 * | 275 | 294 | ||||||
3.50%, 10/01/2013—04/01/2041 | 31,445 | 32,853 | ||||||
4.00%, 04/01/2022—04/01/2041 | 50,613 | 53,820 | ||||||
4.50%, 12/01/2024 | 1,156 | 1,242 | ||||||
5.00%, 08/01/2020—01/01/2030 | 6,223 | 6,766 | ||||||
5.50%, 01/01/2035—03/01/2037 | 12,459 | 13,649 | ||||||
6.00%, 07/01/2038—09/01/2038 | 1,896 | 2,098 | ||||||
6.30%, 10/17/2038 | 407 | 437 | ||||||
Fannie Mae, IO | 1,615 | 330 | ||||||
Fannie Mae, TBA | 77,000 | 81,177 | ||||||
4.50% | 3,000 | 3,208 | ||||||
Freddie Mac | 412 | 413 | ||||||
1.55%, 07/25/2044 * | 422 | 433 | ||||||
2.10%, 09/01/2035 * | 48 | 51 | ||||||
2.25%, 03/01/2034 * | 160 | 167 | ||||||
2.35%, 11/01/2033 * | 151 | 159 | ||||||
2.36%, 03/01/2034 * | 169 | 178 | ||||||
2.38%, 01/01/2036 * | 2,830 | 2,996 | ||||||
2.62%, 09/01/2035 * | 705 | 754 | ||||||
4.00%, 01/01/2041 | 4,380 | 4,629 | ||||||
4.50%, 05/15/2018—07/01/2041 | 18,642 | 19,902 | ||||||
5.00%, 02/15/2020—08/15/2020 | 574 | 587 | ||||||
6.50%, 04/15/2029—07/25/2043 | 25 | 29 | ||||||
Ginnie Mae | 43 | 45 |
Principal (000’s) | Value (000’s) | |||||||
U.S. GOVERNMENT AGENCY OBLIGATIONS (continued) |
| |||||||
Ginnie Mae (continued) | $ | 24 | $ | 28 | ||||
Ginnie Mae, IO | 1,427 | 270 | ||||||
6.36%, 08/16/2033—09/20/2034 * § | 3,353 | 661 | ||||||
Ginnie Mae, TBA | 51,000 | 53,709 | ||||||
Overseas Private Investment Corp. | 2,600 | 2,674 | ||||||
0.02%, 05/02/2013 p | 9,320 | 9,443 | ||||||
U.S. Small Business Administration | 35 | 36 | ||||||
|
| |||||||
Total U.S. Government Agency Obligations |
| 296,435 | ||||||
|
| |||||||
FOREIGN GOVERNMENT OBLIGATIONS—8.4% |
| |||||||
Australia Government Bond | AUD | 12,900 | 14,303 | |||||
5.50%, 12/15/2013—01/21/2018 | 15,000 | 16,929 | ||||||
6.00%, 02/15/2017 | 4,000 | 4,698 | ||||||
Canadian Government Bond | CAD | 5,300 | 5,387 | |||||
2.25%, 08/01/2014 | 20,200 | 20,838 | ||||||
Republic of Brazil | BRL | 1,000 | 619 | |||||
|
| |||||||
Total Foreign Government Obligations |
| 62,774 | ||||||
|
| |||||||
MORTGAGE-BACKED SECURITIES—6.6% |
| |||||||
American Home Mortgage Assets LLC | $ | 899 | 474 | |||||
Series 2006-4, Class 1A12 0.45%, 10/25/2046 * | 2,036 | 1,019 | ||||||
Banc of America Funding Corp. | 810 | 807 | ||||||
Series 2006-J, Class 4A1 | 99 | 60 | ||||||
Bear Stearns Adjustable Rate Mortgage Trust | 707 | 700 | ||||||
Series 2003-8, Class 2A1 | 16 | 15 | ||||||
Series 2003-8, Class 4A1 | 131 | 131 | ||||||
Series 2005-2, Class A2 | 511 | 499 | ||||||
Series 2005-5, Class A2 | 239 | 220 | ||||||
Bear Stearns Alt-A Trust Series | 287 | 196 | ||||||
Series 2006-6, Class 32A1 | 334 | 179 | ||||||
Bear Stearns Structured Products, Inc. | 293 | 174 | ||||||
CC Mortgage Funding Corp. | 216 | 153 | ||||||
Citigroup Mortgage Loan Trust, Inc. | 289 | 253 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 96 |
Transamerica Total Return
(formerly, Transamerica PIMCO Total Return)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Principal (000’s) | Value (000’s) | |||||||
MORTGAGE-BACKED SECURITIES (continued) |
| |||||||
Citigroup/Deutsche Bank Commercial Mortgage Trust | $ | 1,860 | $ | 1,161 | ||||
Series 2007-CD5, Class A4 | 200 | 231 | ||||||
Countrywide Alternative Loan Trust | 2 | 2 | ||||||
Series 2005-81, Class A1 | 630 | 342 | ||||||
Series 2006-30T1, Class 1A3 | 409 | 321 | ||||||
Series 2006-J8, Class A2 | 380 | 232 | ||||||
Series 2006-OA17, Class 1A1A | 2,399 | 1,269 | ||||||
Series 2007-2CB, Class 1A13 | 651 | 447 | ||||||
Series 2007-HY4, Class 1A1 | 1,078 | 696 | ||||||
Series 2007-OA6, Class A1B | 1,062 | 697 | ||||||
Countrywide Home Loan Mortgage Pass- Through Trust | 16 | 11 | ||||||
Series 2004-12, Class 12A1 | 393 | 306 | ||||||
Series 2004-R1, Class 2A | 558 | 567 | ||||||
Series 2005-R2, Class 1AF1 | 1,414 | 1,203 | ||||||
Credit Suisse First Boston Mortgage Securities Corp. | 1 | u | ||||||
Series 2003-AR15, Class 2A1 | 913 | 851 | ||||||
Deutsche ALT-A Securities, Inc., Alternate Loan Trust | 830 | 597 | ||||||
First Horizon Alternative Mortgage Securities | 383 | 246 | ||||||
First Horizon Asset Securities, Inc. | 71 | 58 | ||||||
GSR Mortgage Loan Trust | 125 | 121 | ||||||
Harborview Mortgage Loan Trust | 1,517 | 826 | ||||||
Series 2006-6, Class 5A1A | 548 | 385 | ||||||
Series 2006-12, Class 2A2A | 1,013 | 648 | ||||||
Series 2007-1, Class 2A1A | 1,052 | 681 |
Principal (000’s) | Value (000’s) | |||||||
MORTGAGE-BACKED SECURITIES (continued) |
| |||||||
IndyMac Index Mortgage Loan Trust | $ | 44 | $ | 33 | ||||
JPMorgan Chase Commercial Mortgage Securities Corp. | 5,900 | 5,923 | ||||||
JPMorgan Mortgage Trust | 122 | 122 | ||||||
Series 2007-A1, Class 5A5 | 728 | 704 | ||||||
LB-UBS Commercial Mortgage Trust | 1,900 | 2,169 | ||||||
Luminent Mortgage Trust | 601 | 387 | ||||||
MASTR Alternative Loans Trust | 132 | 26 | ||||||
Mellon Residential Funding Corp. | 290 | 272 | ||||||
MLCC Mortgage Investors, Inc. | 40 | 35 | ||||||
Series 2005-3, Class 4A | 36 | 29 | ||||||
Series 2005-A10, Class A | 176 | 127 | ||||||
Morgan Stanley Capital I | 100 | 112 | ||||||
Permanent Master Issuer PLC | 2,100 | 2,111 | ||||||
Series 2011-1A, Class 1A3 | 4,200 | 5,584 | ||||||
Residential Accredit Loans, Inc. | 302 | 114 | ||||||
Residential Asset Securitization Trust | 297 | 124 | ||||||
Residential Funding Mortgage Securities I | 2 | 3 | ||||||
RMAC Securities PLC | 3,708 | 3,109 | ||||||
Sequoia Mortgage Trust | 45 | 43 | ||||||
Series 2007-1, Class 1A1 | 642 | 469 | ||||||
Structured Adjustable Rate Mortgage Loan Trust | 192 | 125 | ||||||
Structured Asset Mortgage Investments, Inc. | 20 | 18 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 97 |
Transamerica Total Return
(formerly, Transamerica PIMCO Total Return)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Principal (000’s) | Value (000’s) | |||||||
MORTGAGE-BACKED SECURITIES (continued) |
| |||||||
Structured Asset Mortgage Investments, Inc. (continued) | $ | 38 | $ | 26 | ||||
Series 2005-AR5, Class A2 | 66 | 57 | ||||||
Series 2005-AR5, Class A3 | 126 | 112 | ||||||
Series 2005-AR8, Class A1A | 525 | 302 | ||||||
Series 2006-AR3, Class 12A1 | 620 | 311 | ||||||
Series 2006-AR6, Class 2A1 | 2,199 | 1,250 | ||||||
Structured Asset Securities Corp. | 1,057 | 974 | ||||||
Wachovia Bank Commercial Mortgage Trust | 735 | 711 | ||||||
WaMu Mortgage Pass-Through Certificates | 18 | 18 | ||||||
Series 2002-AR9, Class 1A | 10 | 8 | ||||||
Series 2003-AR5, Class A7 | 663 | 666 | ||||||
Series 2003-AR9, Class 2A | 1,288 | 1,294 | ||||||
Series 2005-AR11, Class A1A | 564 | 462 | ||||||
Series 2006-AR9, Class 2A | 551 | 390 | ||||||
Series 2006-AR19, Class 1A | 1,022 | 569 | ||||||
Series 2006-AR19, Class 1A1A | 870 | 556 | ||||||
Series 2007-HY1, Class 4A1 | 2,037 | 1,438 | ||||||
Series 2007-OA1, Class A1A | 2,197 | 1,268 | ||||||
Wells Fargo Mortgage Backed Securities Trust | 83 | 84 | ||||||
Series 2004-CC, Class A1 | 205 | 193 | ||||||
Series 2006-AR4, Class 2A6 | 205 | 83 | ||||||
Series 2006-AR8, Class 2A4 | 388 | 314 | ||||||
|
| |||||||
Total Mortgage-Backed Securities |
| 49,503 | ||||||
|
| |||||||
ASSET-BACKED SECURITIES—3.0% |
| |||||||
Amortizing Residential Collateral Trust | 4 | 3 | ||||||
Asset Backed Funding Certificates | 365 | 272 | ||||||
Bear Stearns Asset Backed Securities Trust | 12 | 11 |
Principal (000’s) | Value (000’s) | |||||||
ASSET-BACKED SECURITIES (continued) |
| |||||||
Bear Stearns Asset Backed Securities Trust (continued) | $ | 755 | $ | 519 | ||||
Series 2007-AQ1, Class A1 | 787 | 470 | ||||||
Chester Asset Receivables Dealings | 3,700 | 5,889 | ||||||
Citigroup Mortgage Loan Trust, Inc. | 110 | 108 | ||||||
Countrywide Asset-Backed Certificates | 128 | 126 | ||||||
Series 2007-7, Class 2A1 | 17 | 16 | ||||||
Credit-Based Asset Servicing and | 448 | 97 | ||||||
First Franklin Mortgage Loan Asset Backed | 15 | 15 | ||||||
Harbourmaster CLO, Ltd. | 596 | 754 | ||||||
Home Equity Asset Trust | 1 | 1 | ||||||
JPMorgan Mortgage Acquisition Corp. | 3,500 | 1,270 | ||||||
Mid-State Trust | 158 | 159 | ||||||
Morgan Stanley Mortgage Loan Trust | 125 | 109 | ||||||
Series 2007-8XS, Class A1 | 349 | 229 | ||||||
Series 2007-10XS, Class A1 | 333 | 240 | ||||||
New Century Home Equity Loan Trust | 153 | 84 | ||||||
Park Place Securities, Inc. | 77 | 69 | ||||||
Penarth Master Issuer PLC | 3,700 | 3,702 | ||||||
Plymouth Rock CLO, Ltd./Inc. | 2,311 | 2,305 | ||||||
Securitized Asset Backed Receivables LLC | 83 | 18 | ||||||
Small Business Administration Participation | 38 | 42 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 98 |
Transamerica Total Return
(formerly, Transamerica PIMCO Total Return)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Principal (000’s) | Value (000’s) | |||||||
ASSET-BACKED SECURITIES (continued) |
| |||||||
Small Business Administration Participation | $ | 254 | $ | 276 | ||||
Structured Asset Securities Corp. | 3 | 2 | ||||||
Series 2006-BC6, Class A2 0.32%, 01/25/2037 * | 68 | 68 | ||||||
Venture CDO, Ltd. | 6,000 | 5,609 | ||||||
|
| |||||||
Total Asset-Backed Securities (cost $23,445) | 22,463 | |||||||
|
| |||||||
MUNICIPAL GOVERNMENT OBLIGATIONS—3.5% |
| |||||||
Buckeye Tobacco Settlement Financing Authority | 600 | 467 | ||||||
Chicago Board of Education—Class A | 255 | 262 | ||||||
Chicago Transit Authority—Class A | 4,900 | 5,956 | ||||||
Chicago Transit Authority—Class B | 2,700 | 3,282 | ||||||
City of Chicago, IL—Series A | 6,930 | 7,166 | ||||||
Kentucky State Property & Building Commission | 100 | 114 | ||||||
New York City Transitional Finance Authority | 100 | 118 | ||||||
State of California | 5,900 | 6,171 | ||||||
State of California—Build America Bonds | 300 | 386 | ||||||
Tobacco Settlement Finance Authority—Series A | 1,125 | 834 | ||||||
Tobacco Settlement Financing Corp. | 30 | 30 | ||||||
5.50%, 06/01/2026 | 200 | 218 | ||||||
5.88%, 05/15/2039 | 40 | 40 | ||||||
Tobacco Settlement Financing Corp.—Series 1A | 1,400 | 1,104 | ||||||
|
| |||||||
Total Municipal Government Obligations (cost $23,840) |
| 26,148 | ||||||
|
| |||||||
PREFERRED CORPORATE DEBT SECURITY—0.3% |
| |||||||
Commercial Banks—0.3% |
| |||||||
Royal Bank of Scotland Group PLC | 3,000 | 2,018 | ||||||
Total Preferred Corporate Debt Security (cost $3,037) |
| |||||||
CORPORATE DEBT SECURITIES—17.9% |
| |||||||
Airlines—0.3% | ||||||||
Continental Airlines, Inc. | 2,200 | 2,252 | ||||||
Automobiles—0.7% | ||||||||
Volkswagen International Finance NV | 3,500 | 3,503 | ||||||
1.08%, 04/01/2014—144A * | 1,600 | 1,595 |
Principal (000’s) | Value (000’s) | |||||||
Capital Markets—2.5% |
| |||||||
Goldman Sachs Group, Inc. | EUR | 300 | $ | 394 | ||||
1.36%, 11/15/2014 * | 500 | 629 | ||||||
6.75%, 10/01/2037 | $ | 900 | 890 | |||||
Lehman Brothers Holdings (Escrow shares) | 4,100 | 1,020 | ||||||
Lehman Brothers Holdings Prod (Escrow shares) | 1,600 | 388 | ||||||
2.88%, 12/30/2016 | 500 | 126 | ||||||
6.88%, 05/02/2018 | 200 | 49 | ||||||
Lehman Brothers Holdings, Inc. Series I | 1,700 | u | ||||||
Morgan Stanley | EUR | 1,900 | 2,195 | |||||
1.45%, 04/29/2013 * | $ | 6,100 | 6,021 | |||||
3.45%, 11/02/2015 | 4,200 | 4,108 | ||||||
7.30%, 05/13/2019 | 700 | 751 | ||||||
Morgan Stanley—Series MTN | 2,000 | 2,090 | ||||||
Commercial Banks—4.8% |
| |||||||
Barclays Bank PLC | 2,600 | 2,642 | ||||||
6.05%, 12/04/2017—144A | 2,600 | 2,608 | ||||||
6.75%, 05/22/2019 ^ | 2,500 | 2,878 | ||||||
10.18%, 06/12/2021—144A | 2,240 | 2,606 | ||||||
Canadian Imperial Bank of Commerce | 1,200 | 1,215 | ||||||
Cie de Financement Foncier SA | 6,000 | 6,042 | ||||||
Export-Import Bank of Korea | 3,300 | 3,627 | ||||||
HSBC Capital Funding, LP | 150 | 195 | ||||||
Lloyds TSB Bank PLC | 4,400 | 4,500 | ||||||
5.80%, 01/13/2020—144A | 700 | 726 | ||||||
12.00%, 12/16/2024—144A * Ž | 5,300 | 5,596 | ||||||
Rabobank Nederland NV | 378 | 480 | ||||||
Royal Bank of Scotland PLC | 2,000 | 2,055 | ||||||
Wells Fargo & Co. Series K | 800 | 868 | ||||||
Consumer Finance—0.4% | ||||||||
Ally Financial, Inc. | 3,100 | 3,055 | ||||||
Diversified Financial Services—5.8% | ||||||||
Bank of America Corp. | 4,000 | 4,610 | ||||||
Bank of America Corp.—Series MTNL | 3,900 | 4,125 | ||||||
Bear Stearns Cos., LLC | 1,900 | 2,092 | ||||||
6.40%, 10/02/2017 | 900 | 1,050 | ||||||
7.25%, 02/01/2018 | 2,100 | 2,555 | ||||||
Citigroup, Inc. | 2,000 | 1,932 | ||||||
2.51%, 08/13/2013 * | 1,200 | 1,206 | ||||||
5.50%, 04/11/2013 | 1,400 | 1,449 | ||||||
6.00%, 08/15/2017 | 600 | 665 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 99 |
Transamerica Total Return
(formerly, Transamerica PIMCO Total Return)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Principal (000’s) | Value (000’s) | |||||||
Diversified Financial Services (continued) |
| |||||||
Ford Motor Credit Co., LLC (continued) | $ | 400 | $ | 428 | ||||
7.80%, 06/01/2012 | 600 | 603 | ||||||
International Lease Finance Corp. | 6,600 | 7,260 | ||||||
JPMorgan Chase & Co. | 1,900 | 1,990 | ||||||
4.40%, 07/22/2020 | 200 | 212 | ||||||
4.95%, 03/25/2020 | 900 | 988 | ||||||
6.30%, 04/23/2019 | 900 | 1,054 | ||||||
Merrill Lynch & Co., Inc. | EUR | 1,000 | 1,267 | |||||
6.88%, 04/25/2018 | $ | 3,900 | 4,346 | |||||
Merrill Lynch & Co., Inc.—Series C | 400 | 432 | ||||||
SSIF Nevada, LP | 500 | 496 | ||||||
TNK-BP Finance SA | 4,000 | 4,190 | ||||||
Diversified Telecommunication Services—0.1% |
| |||||||
Deutsche Telekom International Finance BV | EUR | 124 | 165 | |||||
KT Corp. | $ | 200 | 214 | |||||
Energy Equipment & Services—0.2% |
| |||||||
NGPL PipeCo LLC | 1,800 | 1,741 | ||||||
Food Products—0.8% | ||||||||
Wrigley WM Jr., Co. | 6,300 | 6,317 | ||||||
Household Durables—0.1% | ||||||||
Urbi Desarrollos Urbanos SAB de CV | 400 | 414 | ||||||
Insurance—0.3% | ||||||||
American International Group, Inc. | 1,000 | 1,043 | ||||||
5.60%, 10/18/2016 | 1,000 | 1,093 | ||||||
Metals & Mining—0.0% ¥ | ||||||||
CSN Resources SA | 300 | 332 | ||||||
Oil, Gas & Consumable Fuels—0.9% |
| |||||||
Gazprom OAO Via GAZ Capital SA | 3,500 | 3,842 | ||||||
8.15%, 04/11/2018—144A | 1,000 | 1,180 | ||||||
Gazprom OAO Via GAZ Capital SA—Series 2 | 1,500 | 1,922 | ||||||
Paper & Forest Products—0.4% |
| |||||||
Georgia-Pacific LLC | 2,500 | 2,849 | ||||||
Tobacco—0.6% | ||||||||
Altria Group, Inc. | 400 | 437 | ||||||
9.70%, 11/10/2018 | 1,900 | 2,581 | ||||||
Reynolds American, Inc. | 200 | 241 | ||||||
7.75%, 06/01/2018 | 1,000 | 1,254 | ||||||
Transportation Infrastructure—0.0% ¥ |
| |||||||
Korea Expressway Corp. | 200 | 214 | ||||||
|
| |||||||
Total Corporate Debt Securities (cost $128,226) |
| 133,893 | ||||||
|
|
Principal (000’s) | Value (000’s) | |||||||
SHORT-TERM U.S. GOVERNMENT OBLIGATIONS—1.7% |
| |||||||
U.S. Treasury Bill | $ | 4,400 | $ | 4,398 | ||||
0.11%, 09/06/2012 pß | 4,700 | 4,698 | ||||||
0.12%, 08/23/2012—09/20/2012 p^ | 1,900 | 1,899 | ||||||
0.12%, 09/27/2012 p ^ | 1,600 | 1,599 | ||||||
0.14%, 10/18/2012 p | 300 | 300 | ||||||
|
| |||||||
Total Short-Term U.S. Government Obligations (cost $12,894) |
| 12,894 | ||||||
|
|
Shares | Value (000’s) | |||||||
CONVERTIBLE PREFERRED STOCK—0.2% |
| |||||||
Commercial Banks—0.2% | ||||||||
Wells Fargo & Co., 7.50% | 1,600 | 1,792 | ||||||
Total Convertible Preferred Stock (cost $1,384) |
| |||||||
PREFERRED STOCK—0.1% | ||||||||
Thrifts & Mortgage Finance—0.1% | ||||||||
DG Funding Trust, 1.05%—144A * ə § | 119 | 890 | ||||||
Total Preferred Stock (cost $1,266) | ||||||||
SECURITIES LENDING COLLATERAL—5.1% |
| |||||||
State Street Navigator Securities Lending | 37,779,639 | 37,780 | ||||||
Total Securities Lending Collateral (cost $37,780) |
|
Principal (000’s) | Value (000’s) | |||||||
REPURCHASE AGREEMENTS—17.9% | ||||||||
Bank of America | $ | 16,500 | 16,500 | |||||
Barclays Capital, Inc. | 5,000 | 5,000 | ||||||
BNP Paribas | 74,800 | 74,800 | ||||||
Citigroup Global Markets | 5,500 | 5,500 | ||||||
Goldman Sachs | 4,100 | 4,100 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 100 |
Transamerica Total Return
(formerly, Transamerica PIMCO Total Return)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Principal | Value | |||||||
(000’s) | (000’s) | |||||||
REPURCHASE AGREEMENTS (continued) |
| |||||||
JPMorgan Securities 0.22% p, dated 04/30/2012, to be repurchased at $5,000 on 05/01/2012. Collateralized by a U.S. Government Agency Obligation, 1.00%, due 12/05/2014, with a value of $5,085. | $ | 5,000 | $ | 5,000 | ||||
Morgan Stanley & Co. 0.20% p, dated 04/30/2012, to be repurchased at $22,200 on 05/01/2012. Collateralized by U.S. Government Obligations, 2.38%—4.25%, due 09/30/2014—11/15/2040, with a total value of $22,421. | 22,200 | 22,200 | ||||||
State Street Bank & Trust Co. 0.03% p, dated 04/30/2012, to be repurchased at $863 on 05/01/2012. Collateralized by a U.S. Government Agency Obligation, 3.00%, due 11/25/2040, and with a value of $881. | 863 | 863 | ||||||
|
| |||||||
Total Repurchase Agreements | 133,963 | |||||||
|
| |||||||
Total Investment Securities (cost $903,884) P | 921,610 | |||||||
Other Assets and Liabilities—Net | (174,568 | ) | ||||||
|
| |||||||
Net Assets | $ | 747,042 | ||||||
|
|
Principal | Value | |||||||
(000’s) | (000’s) | |||||||
SECURITIES SOLD SHORT—(8.2%) |
| |||||||
U.S. Government Agency Obligations—(8.2%) | ||||||||
Fannie Mae, TBA ¨ | ||||||||
4.00% | $ | (24,000 | ) | $ | (25,517 | ) | ||
4.50% | (800 | ) | (859 | ) | ||||
5.00% | (3,000 | ) | (3,258 | ) | ||||
5.50% | (12,000 | ) | (13,106 | ) | ||||
6.00% | (1,100 | ) | (1,215 | ) | ||||
Freddie Mac, TBA ¨ | ||||||||
4.50% | (16,000 | ) | (17,060 | ) | ||||
|
| |||||||
Total Securities Sold Short |
| (61,015 | ) | |||||
|
|
WRITTEN SWAPTIONS: p
Description | Counterparty | Floating Rate Index | Pay/Receive Floating Rate | Exercise Rate | Expiration Date | Notional Amount (000’s) | Premiums (Received) (000’s) | Value (000’s) | ||||||||||||||||||
Call—Interest Rate Swap, European Style | DUB | 5-Year IRO USD | Receive | 1.40 | % | 03/18/2013 | $ | (29,100 | ) | $ | (187 | ) | $ | (310 | ) | |||||||||||
Put—Interest Rate Swap, European Style | DUB | 5-Year IRO USD | Pay | 1.40 | 03/18/2013 | (29,100 | ) | (715 | ) | (395 | ) | |||||||||||||||
|
|
|
| |||||||||||||||||||||||
$ | (902 | ) | $ | (705 | ) | |||||||||||||||||||||
|
|
|
|
CENTRALLY CLEARED SWAP AGREEMENTS: p
CREDIT DEFAULT SWAPS ON CREDIT INDICES—BUY PROTECTION:(1)
Reference Obligation | Fixed Deal Pay Rate | Maturity Date | Counterparty | Currency Code | Notional Amount (000’s)(3) | Market Value (000’s)(5) | Premiums Paid (000’s) | Unrealized (Depreciation) (000’s) | ||||||||||||||||||||||||
North America High Yield Index—Series 14 | 5.00 | % | 06/20/2015 | BCLY | USD | $ | 7,760 | $ | (159 | ) | $ | 237 | $ | (396 | ) | |||||||||||||||||
North America High Yield Index—Series 15 | 5.00 | 12/20/2015 | BCLY | USD | 23,668 | (259 | ) | 1,052 | (1,311 | ) | ||||||||||||||||||||||
|
|
|
|
|
| |||||||||||||||||||||||||||
$ | (418 | ) | $ | 1,289 | $ | (1,707 | ) | |||||||||||||||||||||||||
|
|
|
|
|
|
OTC SWAP AGREEMENTS: p
CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES—BUY PROTECTION:(1)
Reference Obligation | Fixed Deal Pay Rate | Maturity Date | Counterparty | Implied Credit Spread (BP) at 04/30/2012(2) | Notional Amount (000’s)(3) | Market Value (000’s)(5) | Premiums Paid (000’s) | Unrealized (Depreciation) (000’s) | ||||||||||||||||||||||
Time Warner, Inc., 5.88%, 11/15/2016 | 1.19 | % | 03/20/2014 | DUB | 29.11 | $ | 20 | $ | (u) | $ | u | $ | (u) |
CREDIT DEFAULT SWAPS ON CREDIT INDICES—BUY PROTECTION:(1)
Reference Obligation | Fixed Deal Pay Rate | Maturity Date | Counterparty | Currency Code | Notional Amount (000’s)(3) | Market Value (000’s) | Premiums Paid (000’s) | Unrealized (Depreciation) (000’s) | ||||||||||||||||||||
Dow Jones North America Investment Grade Index—Series 5 | 0.14 | % | 12/20/2012 | MSC | USD | $ | 4,500 | $ | (3 | ) | $ | u | $ | (3 | ) | |||||||||||||
North America High Yield Index—Series 14 | 5.00 | 06/20/2015 | DUB | USD | 6,402 | (103 | ) | 302 | (405 | ) | ||||||||||||||||||
|
|
|
|
|
| |||||||||||||||||||||||
$ | (106 | ) | $ | 302 | $ | (408 | ) | |||||||||||||||||||||
|
|
|
|
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 101 |
Transamerica Total Return
(formerly, Transamerica PIMCO Total Return)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
OTC SWAP AGREEMENTS (continued): p
CREDIT DEFAULT SWAPS ON CREDIT INDICES—SELL PROTECTION:(4)
Reference Obligation | Fixed Deal Pay Rate | Maturity Date | Counterparty | Currency Code | Notional Amount (000’s)(3) | Market Value (000’s) | Premiums Paid (Received) (000’s) | Unrealized (Depreciation) (000’s) | ||||||||||||||||||||
Dow Jones North America Investment Grade Index—Series 5 | 0.46 | % | 12/20/2015 | MSC | USD | $ | 3,200 | $ | (198 | ) | $ | u | $ | (198 | ) | |||||||||||||
North America Investment Grade Index—Series 16 | 1.00 | 06/20/2016 | BCLY | USD | 6,000 | 30 | (47 | ) | 77 | |||||||||||||||||||
|
|
|
|
|
| |||||||||||||||||||||||
$ | (168 | ) | $ | (47 | ) | $ | (121 | ) | ||||||||||||||||||||
|
|
|
|
|
|
INTEREST RATE SWAP AGREEMENTS—FIXED RATE PAYABLE:
Floating Rate Index | Fixed Rate | Maturity Date | Counterparty | Currency Code | Notional Amount (000’s) | Market Value (000’s) | Premiums Paid (Received) (000’s) | Net Unrealized Appreciation (000’s) | ||||||||||||||||||||
6-Month AUD BBR-BBSW | 5.50 | % | 12/15/2017 | BCLY | AUD | 3,600 | $ | 251 | $ | (14 | ) | $ | 265 | |||||||||||||||
6-Month AUD BBR-BBSW | 5.50 | 12/15/2017 | DUB | AUD | 2,200 | 154 | (7 | ) | 161 | |||||||||||||||||||
6-Month EURIBOR | 2.00 | 03/21/2017 | MSC | EUR | 3,300 | 124 | 101 | 23 | ||||||||||||||||||||
6-Month EURIBOR | 2.00 | 03/21/2017 | MSC | EUR | 6,600 | 229 | (41 | ) | 270 | |||||||||||||||||||
BRL-CDI | 12.12 | 01/02/2014 | HSBC | BRL | 11,600 | 395 | 12 | 383 | ||||||||||||||||||||
BRL-CDI | 11.99 | 01/02/2014 | GSC | BRL | 4,000 | 127 | 1 | 126 | ||||||||||||||||||||
BRL-CDI | 11.96 | 01/02/2014 | GSC | BRL | 24,800 | 777 | (12 | ) | 789 | |||||||||||||||||||
BRL-CDI | 12.56 | 01/02/2014 | HSBC | BRL | 3,200 | 91 | 4 | 87 | ||||||||||||||||||||
BRL-CDI | 12.51 | 01/02/2014 | JPM | BRL | 3,300 | 93 | 2 | 91 | ||||||||||||||||||||
BRL-CDI | 11.94 | 01/02/2014 | HSBC | BRL | 6,200 | 170 | 9 | 161 | ||||||||||||||||||||
BRL-CDI | 10.53 | 01/02/2014 | HSBC | BRL | 5,200 | 61 | 1 | 60 | ||||||||||||||||||||
BRL-CDI | 10.58 | 01/02/2014 | MSC | BRL | 9,300 | 114 | 15 | 99 | ||||||||||||||||||||
BRL-CDI § | 10.14 | 01/02/2015 | HSBC | BRL | 32,100 | 249 | 61 | 188 | ||||||||||||||||||||
BRL-CDI § | 10.61 | 01/02/2015 | MSC | BRL | 18,400 | 230 | 101 | 129 | ||||||||||||||||||||
BRL-CDI § | 9.93 | 01/02/2015 | UBS | BRL | 22,600 | 127 | 18 | 109 | ||||||||||||||||||||
BRL-CDI § | 9.93 | 01/02/2015 | MSC | BRL | 26,200 | 147 | 11 | 136 | ||||||||||||||||||||
BRL-CDI § | 9.94 | 01/02/2015 | GSC | BRL | 21,600 | 123 | u | 123 | ||||||||||||||||||||
MXN-TIIE-Banxico | 6.50 | 03/05/2013 | MSC | MXN | 64,800 | 66 | (1 | ) | 67 | |||||||||||||||||||
MXN-TIIE-Banxico | 7.50 | 06/02/2021 | UBS | MXN | 80,200 | 525 | 242 | 283 | ||||||||||||||||||||
|
|
|
|
|
| |||||||||||||||||||||||
$ | 4,053 | $ | 503 | $ | 3,550 | |||||||||||||||||||||||
|
|
|
|
|
|
INTEREST RATE SWAP AGREEMENTS—FIXED RATE RECEIVABLE:
Floating Rate Index | Fixed Rate | Maturity Date | Counterparty | Currency Code | Notional Amount (000’s) | Market Value (000’s) | Premiums (Received) (000’s) | Net Unrealized (Depreciation) (000’s) | ||||||||||||||||||||
3-Month USD-LIBOR | 1.50 | % | 06/20/2017 | DUB | USD | $ | 31,300 | $ | (530 | ) | $ | (349 | ) | $ | (181 | ) | ||||||||||||
3-Month USD-LIBOR | 2.25 | 06/20/2022 | UBS | USD | 17,800 | (278 | ) | (32 | ) | (246 | ) | |||||||||||||||||
|
|
|
|
|
| |||||||||||||||||||||||
$ | (808 | ) | $ | (381 | ) | $ | (427 | ) | ||||||||||||||||||||
|
|
|
|
|
|
FUTURES CONTRACTS:
Description | Type | Contracts | Expiration Date | Net Unrealized Appreciation (Depreciation) (000’s) | ||||||||||||
10-Year U.S. Treasury Note | Long | 136 | 06/20/2012 | $ | 130 | |||||||||||
5-Year U.S. Treasury Note | Short | (34 | ) | 06/29/2012 | (22 | ) | ||||||||||
|
| |||||||||||||||
$ | 108 | |||||||||||||||
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 102 |
Transamerica Total Return
(formerly, Transamerica PIMCO Total Return)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
FORWARD FOREIGN CURRENCY CONTRACTS: p
Currency | Counterparty | Contracts Bought (Sold) (000’s) | Settlement Date | Amount in U.S. Dollars Bought (Sold) (000’s) | Net Unrealized Appreciation (Depreciation) (000’s) | |||||||||||
Australian Dollar | HSBC | (45,130 | ) | 05/17/2012 | $ | (47,148 | ) | $ | 218 | |||||||
Brazilian Real | MSC | (3,856 | ) | 06/04/2012 | (2,207 | ) | 198 | |||||||||
Canadian Dollar | BCLY | (25,927 | ) | 06/21/2012 | (26,174 | ) | (41 | ) | ||||||||
Chinese Yuan Renminbi | JPM | 551 | 06/01/2012 | 86 | 1 | |||||||||||
Chinese Yuan Renminbi | CITI | 4,808 | 06/01/2012 | 755 | 6 | |||||||||||
Chinese Yuan Renminbi | JPM | 275 | 06/01/2012 | 43 | 1 | |||||||||||
Chinese Yuan Renminbi | DUB | 8,367 | 02/01/2013 | 1,330 | (9 | ) | ||||||||||
Chinese Yuan Renminbi | GSC | 6,562 | 02/01/2013 | 1,046 | (10 | ) | ||||||||||
Chinese Yuan Renminbi | DUB | 6,353 | 02/01/2013 | 1,004 | (1 | ) | ||||||||||
Chinese Yuan Renminbi | UBS | 103,161 | 02/01/2013 | 16,366 | (79 | ) | ||||||||||
Chinese Yuan Renminbi | UBS | 7,078 | 08/05/2013 | 1,121 | (5 | ) | ||||||||||
Chinese Yuan Renminbi | DUB | 2,000 | 08/05/2013 | 319 | (4 | ) | ||||||||||
Euro | CITI | 242 | 06/14/2012 | 317 | 3 | |||||||||||
Euro | BNP | 99 | 07/16/2012 | 131 | u | |||||||||||
Euro | BOA | (18,164 | ) | 07/16/2012 | (23,746 | ) | (308 | ) | ||||||||
Indian Rupee | JPM | 242,258 | 07/12/2012 | 5,212 | (687 | ) | ||||||||||
Japanese Yen | BCLY | (195,332 | ) | 06/07/2012 | (2,377 | ) | (70 | ) | ||||||||
Malaysian Ringgit | JPM | 9 | 07/16/2012 | 3 | u | |||||||||||
Mexican Peso | UBS | 186 | 06/15/2012 | 14 | (u | ) | ||||||||||
Mexican Peso | JPM | 19 | 06/15/2012 | 1 | u | |||||||||||
Mexican Peso | DUB | 96 | 06/15/2012 | 7 | u | |||||||||||
Mexican Peso | HSBC | 67,375 | 06/15/2012 | 5,245 | (94 | ) | ||||||||||
Mexican Peso | JPM | 140 | 06/15/2012 | 11 | u | |||||||||||
Mexican Peso | HSBC | 157 | 06/15/2012 | 12 | (u | ) | ||||||||||
Norwegian Krone | HSBC | 5,259 | 05/24/2012 | 908 | 11 | |||||||||||
Norwegian Krone | MSC | 15,778 | 05/24/2012 | 2,713 | 41 | |||||||||||
Norwegian Krone | BCLY | 5,259 | 05/24/2012 | 908 | 11 | |||||||||||
Norwegian Krone | BCLY | (10,518 | ) | 05/24/2012 | (1,809 | ) | (27 | ) | ||||||||
Pound Sterling | UBS | (5,768 | ) | 06/12/2012 | (9,090 | ) | (268 | ) | ||||||||
Republic of Korea Won | UBS | (46,025 | ) | 07/12/2012 | (41 | ) | u | |||||||||
Singapore Dollar | UBS | 9 | 05/15/2012 | 7 | u | |||||||||||
Singapore Dollar | UBS | (9 | ) | 05/15/2012 | (7 | ) | u | |||||||||
Singapore Dollar | UBS | 9 | 08/03/2012 | 7 | u | |||||||||||
Taiwan Dollar | UBS | 122,831 | 06/05/2012 | 4,174 | 32 | |||||||||||
|
| |||||||||||||||
$ | (1,081 | ) | ||||||||||||||
|
|
Collateral (Received) Pledged for OTC Financial Derivative Instruments
The following is a summary by counterparty of the market value of OTC financial derivative instruments and collateral (received)/pledged as of 04/30/2012:
Counterparty | Total Market Value of OTC Derivatives (000’s) | Collateral (Received)/Pledged (000’s) | Net Exposures (1) (000’s) | |||||||||
BCLY | $ | 154 | $ | (650 | ) | $ | (496 | ) | ||||
BNP | $ | u | — | $ | u | |||||||
BOA | (308 | ) | 261 | (47 | ) | |||||||
CITI | 9 | (420 | ) | (411 | ) | |||||||
DUB | (1,198 | ) | 1,422 | 224 | ||||||||
GSC | 1,017 | (930 | ) | 87 | ||||||||
HSBC | 1,101 | (1,290 | ) | (189 | ) | |||||||
JPM | (592 | ) | 550 | (42 | ) | |||||||
MSC | 948 | (695 | ) | 253 | ||||||||
UBS | 54 | (530 | ) | (476 | ) |
(1) | Net exposure represents the net receivable/(payable) that would be due from/to the counterparty in the event of default. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 103 |
Transamerica Total Return
(formerly, Transamerica PIMCO Total Return)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
NOTES TO SCHEDULE OF INVESTMENTS (all amounts in thousands):
^ | All or a portion of this security is on loan. The value of all securities on loan is $37,018. |
* | Floating or variable rate note. Rate is listed as of 04/30/2012. |
ə | Fair valued as determined in good faith in accordance with procedures established by the Board of Trustees. Total aggregate market value of fair valued securities is $4,318, or 0.58% of the fund’s net assets. |
p | Rate shown reflects the yield at 04/30/2012. |
Ž | The security has a perpetual maturity. The date shown is the next call date. |
§ | Illiquid. Total aggregate market value of illiquid securities is $2,151, or 0.29%, of the fund’s net assets, and total aggregate market value of illiquid derivatives is $876, or 0.12% of the fund’s net assets. |
‡ | Non-income producing security. |
Џ | In default. |
¥ | Percentage rounds to less than 0.1%. |
P | Aggregate cost for federal income tax purposes is $903,884. Aggregate gross unrealized appreciation/depreciation for all securities in which there is an excess of value over tax cost were $30,602 and $12,876, respectively. Net unrealized appreciation for tax purposes is $17,726. |
u | Amount is less than 1. |
(1) | If the fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the fund will either (a) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (b) receive a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
(2) | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues or sovereign issues of an emerging country as of period end serve as an indicator of the current status of the payment/performance risk and represent the likelihood of risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include the referenced entity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. A credit spread identified as “Defaulted” indicates a credit event has occurred for the referenced entity or obligation. |
(3) | The maximum potential amount the fund could be required to make as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
(4) | If the fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the fund will either (a) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (b) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
(5) | The quoted market prices and resulting values for credit default swap agreements on asset-backed securities and credit indices serve as an indicator of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative had the notional amount of the swap agreement been closed/sold as of the period ended. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the references entity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
g | A portion of this security in the amount of $156 has been segregated as collateral with the custodian to cover margin requirements for open futures contracts. |
ß | A portion of these securities in the amount of $2,231 has been segregated as collateral with the custodian for open swaps, swaptions, and/or forward foreign currency contracts. |
p | Cash in the amount of $3,775 has been pledged by the broker as collateral for open swaps, swaptions, and/or forward foreign currency contracts. |
¨ | Cash in the amount of $740 has been pledged by the broker as collateral for open short TBA transactions. |
DEFINITIONS (all amounts in thousands):
144A | 144A Securities are registered pursuant to Rule 144A of the Securities Act of 1933. These securities are deemed to be liquid for purposes of compliance limitations on holdings of illiquid securities and may be resold as transactions exempt from registration, normally to qualified institutional buyers. At 04/30/2012, these securities aggregated $81,847 or 10.96% of the fund’s net assets. | |
BCLY | Barclays Bank PLC | |
BNP | BNP Paribas | |
BOA | Bank of America | |
BP | Basis Point | |
CDI | Credit Default Index | |
CITI | Citibank, Inc. | |
CLO | Collateralized Loan Obligation | |
DUB | Deutsche Bank AG | |
EURIBOR | Euro InterBank Offered Rate | |
GSC | Goldman Sachs & Co. | |
HSBC | HSBC Bank USA | |
IO | Interest Only | |
IRO | Interest Rate Option | |
JPM | JPMorgan Chase Bank | |
LIBOR | London Interbank Offered Rate | |
MSC | Morgan Stanley | |
OTC | Over the Counter | |
TBA | To Be Announced | |
TIIE | Tasa de Interés Interbancaria de Equilibrio (Mexican Interbank Interest Rate) | |
UBS | UBS AG |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 104 |
Transamerica Total Return
(formerly, Transamerica PIMCO Total Return)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
CURRENCY ABBREVIATIONS:
AUD | Australian Dollar | |
BRL | Brazilian Real | |
CAD | Canadian Dollar | |
EUR | Euro | |
MXN | Mexican Peso | |
USD | United States Dollar |
VALUATION SUMMARY (all amounts in thousands): '
Investment Securities | Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Value at 04/30/2012 | ||||||||||||
Asset-Backed Securities | $ | — | $22,463 | $ | — | $ | 22,463 | |||||||||
Convertible Preferred Stock | 1,792 | — | — | 1,792 | ||||||||||||
Corporate Debt Securities | — | 133,893 | — | 133,893 | ||||||||||||
Foreign Government Obligations | — | 62,774 | — | 62,774 | ||||||||||||
Mortgage-Backed Securities | — | 49,503 | — | 49,503 | ||||||||||||
Municipal Government Obligations | — | 26,148 | — | 26,148 | ||||||||||||
Preferred Corporate Debt Security | — | 2,018 | — | 2,018 | ||||||||||||
Preferred Stock | — | — | 890 | 890 | ||||||||||||
Repurchase Agreements | — | 133,963 | — | 133,963 | ||||||||||||
Securities Lending Collateral | 37,780 | — | — | 37,780 | ||||||||||||
Short-Term U.S. Government Obligations | — | 12,894 | — | 12,894 | ||||||||||||
U.S. Government Agency Obligations | — | 296,435 | — | 296,435 | ||||||||||||
U.S. Government Obligations | — | 141,057 | — | 141,057 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total | $ | 39,572 | $881,148 | $ | 890 | $ | 921,610 | |||||||||
|
|
|
|
|
|
|
| |||||||||
Securities Sold Short | Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Value at 04/30/2012 | ||||||||||||
U.S. Government Agency Obligations | $ | — | $ | (61,015 | ) | $ | — | $ | (61,015 | ) | ||||||
Other Financial Instruments | Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Value at 04/30/2012 | ||||||||||||
Written Swaptions | $ | — | $ | (705 | ) | $ | — | $ | (705 | ) | ||||||
Other Financial Instruments ₣ | Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Value at 04/30/2012 | ||||||||||||
Futures Contracts—Appreciation | $ | 130 | $ | — | $ | — | $ | 130 | ||||||||
Futures Contracts—Depreciation | (22 | ) | — | — | (22 | ) | ||||||||||
Credit Default Swap—Appreciation | — | 77 | — | 77 | ||||||||||||
Credit Default Swap—Depreciation | (1,707 | ) | (606 | ) | — | (2,313 | ) | |||||||||
Forward Foreign Currency Contracts—Appreciation | — | 522 | — | 522 | ||||||||||||
Forward Foreign Currency Contracts—Depreciation | — | (1,603 | ) | — | (1,603 | ) | ||||||||||
Interest Rate Swaps—Appreciation | — | 3,550 | — | 3,550 | ||||||||||||
Interest Rate Swaps—Depreciation | — | (427 | ) | — | (427 | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Total | $ | (1,599 | ) | $ | 1,513 | $ | — | $ | (86 | ) | ||||||
|
|
|
|
|
|
|
|
Level 3 Rollforward—Investment Securities
Securities | Beginning Balance at 10/31/2011 | Purchases | (Sales) | Accrued Discounts/ (Premiums) | Total Realized Gain/ (Loss) | Net Change in Unrealized Appreciation/ (Depreciation) ƒ | Transfers into Level 3 | Transfers out of Level 3 | Ending Balance at 04/30/2012 | Net Change in Unrealized Appreciation/ (Depreciation) on Investments Held at 04/30/2012 ƒ | ||||||||||||||||||||||||||||||
Preferred Stocks | $ | 895 | $ | — | $ | — | $ | — | $ | — | $ | (5 | ) | $ | — | $ | — | $ | 890 | $ | (5 | ) |
' | See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
₣ | Other financial instruments are derivative instruments that are valued at unrealized appreciation (depreciation) on the instrument. |
ƒ | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at 04/30/2012 may be due to an investment no longer held or categorized as Level 3 at period end. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 105 |
Transamerica Value
(formerly, Transamerica Third Avenue Value)
SCHEDULE OF INVESTMENTS
At April 30, 2012
(unaudited)
Shares | Value (000’s) | |||||||
COMMON STOCKS—86.9% |
| |||||||
Canada—9.5% | ||||||||
Canfor Corp. ‡^ | 339,223 | $ | 3,716 | |||||
Cenovus Energy, Inc. ^ | 247,000 | 8,954 | ||||||
EnCana Corp. ^ | 427,000 | 8,941 | ||||||
Viterra, Inc. | 536,850 | 8,646 | ||||||
France—1.2% | ||||||||
Sanofi | 51,950 | 3,965 | ||||||
Germany—3.1% | ||||||||
Lanxess AG | 123,000 | 9,793 | ||||||
Hong Kong—14.4% | ||||||||
Cheung Kong Holdings, Ltd. | 1,069,153 | 14,249 | ||||||
Henderson Land Development Co., Ltd. | 2,449,727 | 13,956 | ||||||
Hutchison Whampoa, Ltd. | 1,495,888 | 14,402 | ||||||
Wheelock & Co., Ltd. | 1,062,000 | 3,586 | ||||||
Japan—6.9% | ||||||||
Mitsui Fudosan Co., Ltd. | 474,462 | 8,691 | ||||||
Toyota Industries Corp. ^ | 480,107 | 13,561 | ||||||
Korea, Republic of—4.0% | ||||||||
POSCO ADR | 154,261 | 12,842 | ||||||
Sweden—5.0% | ||||||||
Investor AB—Class A | 811,796 | 15,942 | ||||||
Switzerland—2.8% | ||||||||
Pargesa Holding SA (Bearer Shares) | 133,000 | 8,902 | ||||||
United Kingdom—3.6% | ||||||||
Resolution, Ltd. | 1,923,688 | 6,987 | ||||||
Segro PLC REIT | 1,285,000 | 4,611 | ||||||
United States—36.4% | ||||||||
Alamo Group, Inc. ^ | 63,983 | 2,155 | ||||||
Alexander & Baldwin, Inc. | 43,770 | 2,239 | ||||||
Alleghany Corp. ‡ | 4,700 | 1,612 | ||||||
Applied Materials, Inc. | 604,461 | �� | 7,247 | |||||
AVX Corp. | 756,041 | 9,602 | ||||||
Bank of New York Mellon Corp. | 560,052 | 13,246 | ||||||
Bristow Group, Inc. ^ | 173,630 | 8,482 | ||||||
Brookfield Asset Management, Inc.—Class A ^ | 505,036 | 16,655 | ||||||
Capital Southwest Corp. | 19,256 | 1,843 | ||||||
Comerica, Inc. | 20,000 | 640 | ||||||
Devon Energy Corp. | 54,000 | 3,772 | ||||||
Electronics for Imaging, | 212,436 | 3,792 | ||||||
Forest City Enterprises, Inc.—Class A ‡ ^ | 679,836 | 10,843 | ||||||
Haemonetics Corp. ‡ ^ | 26,000 | 1,861 | ||||||
Intel Corp. | 255,961 | 7,270 | ||||||
Investment Technology Group, Inc. ‡ ^ | 424,815 | 4,333 | ||||||
KeyCorp | 490,000 | 3,940 | ||||||
Leucadia National Corp. ^ | 95,000 | 2,362 | ||||||
Lexmark International, Inc.—Class A ^ | 21,205 | 638 | ||||||
Lowe’s Cos., Inc. | 74,000 | 2,329 | ||||||
Sycamore Networks, Inc. ‡^ | 22,153 | 345 | ||||||
Tejon Ranch Co. ‡ ^ | 86,299 | 2,577 | ||||||
Tellabs, Inc. | 941,479 | 3,550 | ||||||
Westwood Holdings Group, Inc. ^ | 111,753 | 4,110 | ||||||
White Mountains Insurance Group, Ltd. | 3,000 | 1,569 | ||||||
|
| |||||||
Total Common Stocks |
| 278,756 | ||||||
|
| |||||||
SECURITIES LENDING COLLATERAL—14.4% |
| |||||||
State Street Navigator Securities Lending Trust—Prime Portfolio, 0.29% p | 46,009,643 | 46,010 | ||||||
Total Securities Lending Collateral |
|
Principal (000’s) | Value (000’s) | |||||||
REPURCHASE AGREEMENT—12.2% |
| |||||||
State Street Bank & Trust Co. 0.03% p, dated 04/30/2012, to be repurchased at $39,067 on 05/01/2012. Collateralized by a U.S. Government Agency Obligation, 3.00%, due 12/01/2026, and with a value of $39,852. | $ | 39,067 | $ | 39,067 | ||||
Total Repurchase Agreement |
| |||||||
|
| |||||||
Total Investment Securities (cost $410,388) P |
| 363,833 | ||||||
Other Assets and Liabilities—Net | (43,249 | ) | ||||||
|
| |||||||
Net Assets | $ | 320,584 | ||||||
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 106 |
Transamerica Value
(formerly, Transamerica Third Avenue Value)
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
INVESTMENTS BY INDUSTRY: | Percentage of Total Investments | Value (000’s) | ||||||
Real Estate Management & Development | 19.3 | % | $ | 70,557 | ||||
Diversified Financial Services | 7.5 | 27,206 | ||||||
Capital Markets | 6.5 | 23,532 | ||||||
Oil, Gas & Consumable Fuels | 6.0 | 21,667 | ||||||
Semiconductors & Semiconductor Equipment | 4.0 | 14,517 | ||||||
Industrial Conglomerates | 4.0 | 14,402 | ||||||
Auto Components | 3.7 | 13,561 | ||||||
Metals & Mining | 3.5 | 12,842 | ||||||
Insurance | 2.8 | 10,168 | ||||||
Chemicals | 2.7 | 9,793 | ||||||
Electronic Equipment & Instruments | 2.6 | 9,602 | ||||||
Food Products | 2.4 | 8,646 | ||||||
Energy Equipment & Services | 2.3 | 8,482 | ||||||
Real Estate Investment Trusts | 1.3 | 4,611 | ||||||
Commercial Banks | 1.3 | 4,580 | ||||||
Computers & Peripherals | 1.2 | 4,430 | ||||||
Pharmaceuticals | 1.1 | 3,965 | ||||||
Communications Equipment | 1.1 | 3,895 | ||||||
Paper & Forest Products | 1.0 | 3,716 | ||||||
Specialty Retail | 0.6 | 2,329 | ||||||
Marine | 0.6 | 2,239 | ||||||
Machinery | 0.6 | 2,155 | ||||||
Health Care Equipment & Supplies | 0.5 | 1,861 | ||||||
|
|
|
| |||||
Investment Securities, at Value | 76.6 | 278,756 | ||||||
Short-Term Investments | 23.4 | 85,077 | ||||||
|
|
|
| |||||
Total Investments | 100.0 | % | $ | 363,833 | ||||
|
|
|
|
NOTES TO SCHEDULE OF INVESTMENTS (all amounts in thousands):
^ | All or a portion of this security is on loan. The value of all securities on loan is $44,776. |
‡ | Non-income producing security. |
p | Rate shown reflects the yield at 04/30/2012. |
P | Aggregate cost for federal income tax purposes is $410,388. Aggregate gross unrealized appreciation/depreciation for all securities in which there is an excess of value over tax cost were $25,304 and $71,859, respectively. Net unrealized depreciation for tax purposes is $46,555. |
DEFINITIONS:
ADR | American Depositary Receipt | |
REIT | Real Estate Investment Trust (includes domestic REITs and Foreign Real Estate Investment Companies) |
VALUATION SUMMARY (all amounts in thousands): '
Investment Securities | Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Value at 04/30/2012 | ||||||||||||
Common Stocks | $ | 147,269 | $ | 131,487 | $ | — | $ | 278,756 | ||||||||
Repurchase Agreement | — | 39,067 | — | 39,067 | ||||||||||||
Securities Lending Collateral | 46,010 | — | — | 46,010 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total | $ | 193,279 | $ | 170,554 | $ | — | $ | 363,833 | ||||||||
|
|
|
|
|
|
|
|
' | See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 107 |
STATEMENTS OF ASSETS AND LIABILITIES
At April 30, 2012
(all amounts except per share amounts in thousands)
(unaudited)
Transamerica Arbitrage Strategy | Transamerica Bond | Transamerica Core Bond | Transamerica Developing Markets Debt | Transamerica Developing Markets Equity | ||||||||||||||||
Assets: | ||||||||||||||||||||
Investment securities, at value | $ | 120,603 | $ | 603,138 | $ | 2,197,086 | $ | 275,675 | $ | 499,687 | ||||||||||
Repurchase agreement, at value | 11,504 | 10,592 | 83,814 | 26,718 | 24,890 | |||||||||||||||
Cash | — | — | 103 | — | — | |||||||||||||||
Cash on deposit with broker | 40,439 | — | — | 74 | — | |||||||||||||||
Foreign currency, at value | 2,352 | — | — | 48 | 4,546 | |||||||||||||||
Receivables: | ||||||||||||||||||||
Investment securities sold | 25,425 | 3,839 | 399 | 983 | 17,192 | |||||||||||||||
Shares of beneficial interest sold | 6 | 66 | 51 | 10 | 5 | |||||||||||||||
Interest | 5 | 6,964 | 11,642 | 4,310 | — | (A) | ||||||||||||||
Securities lending income (net) | — | 23 | 25 | 6 | 32 | |||||||||||||||
Dividends | 82 | 79 | — | — | 930 | |||||||||||||||
Dividend reclaims | 2 | — | — | — | 2 | |||||||||||||||
Prepaid expenses | — | (A) | — | (A) | 2 | — | (A) | 1 | ||||||||||||
Unrealized appreciation on swap agreements | 168 | — | — | — | — | |||||||||||||||
Premium paid on swap agreements | 3 | — | — | — | — | |||||||||||||||
Unrealized appreciation on forward foreign currency contracts | 289 | — | — | — | — | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
$ | 200,878 | $ | 624,701 | $ | 2,293,122 | $ | 307,824 | $ | 547,285 | |||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Liabilities: | ||||||||||||||||||||
Due to custodian | 1,635 | — | — | — | — | |||||||||||||||
Accounts payable and accrued liabilities: | ||||||||||||||||||||
Investment securities purchased | 31,684 | 5,275 | 647 | 800 | 408 | |||||||||||||||
Shares of beneficial interest redeemed | 40 | 86 | 2,007 | 17 | 13,535 | |||||||||||||||
Management and advisory fees | 85 | 275 | 726 | 216 | 467 | |||||||||||||||
Trustees fees | 1 | 3 | 14 | 2 | 3 | |||||||||||||||
Transfer agent fees | 1 | 3 | 13 | 2 | 3 | |||||||||||||||
Custody fees | — | 24 | 4 | 9 | 139 | |||||||||||||||
Administration fees | 3 | 11 | 45 | 6 | 10 | |||||||||||||||
Audit and tax fees | 11 | 10 | 11 | 10 | 28 | |||||||||||||||
Dividends from securities sold short | 45 | — | — | — | — | |||||||||||||||
Swap income payable | 20 | — | — | — | — | |||||||||||||||
Variation margin | — | — | — | 24 | — | |||||||||||||||
Capital gains tax | — | — | — | — | 174 | |||||||||||||||
Other | 48 | 15 | 63 | 10 | 15 | |||||||||||||||
Collateral for securities on loan | — | 110,958 | 163,547 | 32,103 | 60,718 | |||||||||||||||
Written options and swaptions, at value | 289 | — | — | — | — | |||||||||||||||
Unrealized depreciation on swap agreements | 271 | — | — | — | — | |||||||||||||||
Premium received on swap agreements | 1 | — | — | — | — | |||||||||||||||
Securities sold short, at value | 30,413 | — | — | — | — | |||||||||||||||
Unrealized depreciation on forward foreign currency contracts | 445 | — | — | — | — | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
64,992 | 116,660 | 167,077 | 33,199 | 75,500 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net assets | $ | 135,886 | $ | 508,041 | $ | 2,126,045 | $ | 274,625 | $ | 471,785 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net assets consist of: | ||||||||||||||||||||
Shares of beneficial interest, unlimited shares authorized, no par value | $ | 134,336 | $ | 474,663 | $ | 2,035,092 | $ | 247,966 | $ | 411,845 | ||||||||||
Undistributed (accumulated) net investment income (loss) | (1,049 | ) | 1,123 | (107 | ) | 548 | 704 | |||||||||||||
Undistributed (accumulated) net realized gain (loss) from investments | 1,549 | 3,699 | 10,540 | 2,322 | 21,703 | |||||||||||||||
Net unrealized appreciation (depreciation) on: | ||||||||||||||||||||
Investment securities | 2,446 | 28,543 | 80,520 | 23,826 | 37,731 | |||||||||||||||
Futures contracts | — | — | — | (24 | ) | — | ||||||||||||||
Written option and swaption contracts | 39 | — | — | — | — | |||||||||||||||
Swap agreements | (103 | ) | — | — | — | — | ||||||||||||||
Translation of assets and liabilities denominated in foreign currencies | (153 | ) | 13 | — | (13 | ) | (198 | ) | ||||||||||||
Securities sold short | (1,179 | ) | — | — | — | — | ||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net assets | $ | 135,886 | $ | 508,041 | $ | 2,126,045 | $ | 274,625 | $ | 471,785 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Shares outstanding | 13,289 | 49,964 | 198,144 | 24,527 | 40,056 | |||||||||||||||
Net asset value and offering price per share | $ | 10.23 | $ | 10.17 | $ | 10.73 | $ | 11.20 | $ | 11.78 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Investment securities, at cost | $ | 118,157 | $ | 574,595 | $ | 2,116,566 | $ | 251,849 | $ | 461,956 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Repurchase agreement, at cost | $ | 11,504 | $ | 10,592 | $ | 83,814 | $ | 26,718 | $ | 24,890 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Foreign currency, at cost | $ | 2,354 | $ | — | $ | — | $ | 67 | $ | 4,575 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Securities loaned, at value | $ | — | $ | 108,549 | $ | 160,276 | $ | 31,456 | $ | 58,401 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Premium received on written option & swaption contracts | $ | 328 | $ | — | $ | — | $ | — | $ | — | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Proceeds received from securities sold short | $ | 29,234 | $ | — | $ | — | $ | — | $ | — | ||||||||||
|
|
|
|
|
|
|
|
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 108 |
STATEMENTS OF ASSETS AND LIABILITIES (continued)
At April 30, 2012
(all amounts except per share amounts in thousands)
(unaudited)
Transamerica Emerging Markets | Transamerica Global Macro | Transamerica Global Real Estate Securities | Transamerica Growth | Transamerica International | ||||||||||||||||
Assets: | ||||||||||||||||||||
Investment securities, at value | $ | 230,761 | $ | 48,233 | $ | 184,256 | $ | 658,116 | $ | 450,285 | ||||||||||
Repurchase agreement, at value | 6,674 | 27,652 | 2,111 | 2,402 | 12,670 | |||||||||||||||
Cash | 42 | — | — | — | — | |||||||||||||||
Foreign currency, at value | 836 | — | 103 | — | 479 | |||||||||||||||
Receivables: | ||||||||||||||||||||
Investment securities sold | 21,632 | 47 | 397 | 19,864 | 5,733 | |||||||||||||||
Shares of beneficial interest sold | 2 | 13 | 15 | 14 | 2 | |||||||||||||||
Interest | — | (A) | — | (A) | — | (A) | — | (A) | — | (A) | ||||||||||
Securities lending income (net) | 9 | — | 20 | 12 | 36 | |||||||||||||||
Dividends | 402 | — | 466 | 158 | 1,503 | |||||||||||||||
Dividend reclaims | — | 15 | 68 | 28 | 514 | |||||||||||||||
Variation margin | — | 374 | — | — | — | |||||||||||||||
Other | 138 | 38 | — | 186 | — | |||||||||||||||
Prepaid expenses | — | (A) | — | (A) | — | (A) | — | (A) | — | (A) | ||||||||||
Unrealized appreciation on forward foreign currency contracts | — | 1,846 | — | — | — | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
$ | 260,496 | $ | 78,218 | $ | 187,436 | $ | 680,780 | $ | 471,222 | |||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Liabilities: | ||||||||||||||||||||
Accounts payable and accrued liabilities: | ||||||||||||||||||||
Investment securities purchased | 2,557 | 23 | 128 | 840 | 439 | |||||||||||||||
Shares of beneficial interest redeemed | 11,099 | 11 | 84 | 17,292 | 41 | |||||||||||||||
Management and advisory fees | 233 | 85 | 112 | 421 | 340 | |||||||||||||||
Trustees fees | 2 | 1 | 1 | 4 | 2 | |||||||||||||||
Transfer agent fees | 2 | 1 | 1 | 1 | 3 | |||||||||||||||
Custody fees | 89 | 16 | 32 | 14 | 99 | |||||||||||||||
Administration fees | 5 | 2 | 3 | 14 | 9 | |||||||||||||||
Audit and tax fees | 23 | 14 | 12 | 10 | 12 | |||||||||||||||
Capital gains tax | 273 | — | — | — | — | |||||||||||||||
Other | 14 | 3 | 5 | 20 | 11 | |||||||||||||||
Collateral for securities on loan | 13,150 | — | 27,588 | 31,493 | 51,434 | |||||||||||||||
Written options and swaptions, at value | — | 235 | — | — | — | |||||||||||||||
Unrealized depreciation on forward foreign currency contracts | — | 1,240 | — | — | — | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
27,447 | 1,631 | 27,966 | 50,109 | 52,390 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net assets | $ | 233,049 | $ | 76,587 | $ | 159,470 | $ | 630,671 | $ | 418,832 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net assets consist of: | ||||||||||||||||||||
Shares of beneficial interest, unlimited shares authorized, no par value | $ | 256,992 | $ | 149,045 | $ | 204,856 | $ | 393,100 | $ | 522,208 | ||||||||||
Undistributed (accumulated) net investment income (loss) | 181 | (860 | ) | (5,530 | ) | (227 | ) | 2,510 | ||||||||||||
Undistributed (accumulated) net realized gain (loss) from investments | (24,376 | ) | (71,882 | ) | (77,905 | ) | 32,804 | (164,890 | ) | |||||||||||
Net unrealized appreciation (depreciation) on: | ||||||||||||||||||||
Investment securities | 548 | (60 | ) | 38,040 | 204,994 | 58,976 | ||||||||||||||
Futures contracts | — | (396 | ) | — | — | — | ||||||||||||||
Written option and swaption contracts | — | 132 | — | — | — | |||||||||||||||
Translation of assets and liabilities denominated in foreign currencies | (296 | ) | 608 | 9 | — | 28 | ||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net assets | $ | 233,049 | $ | 76,587 | $ | 159,470 | $ | 630,671 | $ | 418,832 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Shares outstanding | 20,873 | 13,330 | 12,766 | 44,506 | 47,267 | |||||||||||||||
Net asset value and offering price per share | $ | 11.17 | $ | 5.75 | $ | 12.49 | $ | 14.17 | $ | 8.86 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Investment securities, at cost | $ | 230,213 | $ | 48,293 | $ | 146,216 | $ | 453,122 | $ | 391,309 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Repurchase agreement, at cost | $ | 6,674 | $ | 27,652 | $ | 2,111 | $ | 2,402 | $ | 12,670 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Foreign currency, at cost | $ | 836 | $ | — | $ | 103 | $ | — | $ | 477 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Securities loaned, at value | $ | 12,524 | $ | — | $ | 26,591 | $ | 30,613 | $ | 48,918 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Premium received on written option & swaption contracts | $ | — | $ | 367 | $ | — | $ | — | $ | — | ||||||||||
|
|
|
|
|
|
|
|
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 109 |
STATEMENTS OF ASSETS AND LIABILITIES (continued)
At April 30, 2012
(all amounts except per share amounts in thousands)
(unaudited)
Transamerica International Equity Opportunities | Transamerica International Small Cap | Transamerica International Value | Transamerica International Value Opportunities | |||||||||||||
Assets: | ||||||||||||||||
Investment securities, at value | $ | 377,463 | $ | 338,029 | $ | 157,627 | $ | 476,094 | ||||||||
Repurchase agreement, at value | — | 2,280 | — | 7,936 | ||||||||||||
Foreign currency, at value | 638 | 602 | 148 | 202 | ||||||||||||
Receivables: | ||||||||||||||||
Investment securities sold | 5,830 | 6,776 | 4,483 | 2,201 | ||||||||||||
Shares of beneficial interest sold | 2 | 3 | 1 | 2 | ||||||||||||
Interest | — | — | (A) | — | — | (A) | ||||||||||
Securities lending income (net) | 75 | 30 | 29 | 38 | ||||||||||||
Dividends | 1,426 | 1,296 | 667 | 2,040 | ||||||||||||
Dividend reclaims | 422 | 119 | 242 | 467 | ||||||||||||
Prepaid expenses | — | (A) | — | (A) | — | (A) | — | (A) | ||||||||
Unrealized appreciation on forward foreign currency contracts | — | — | — | 873 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
$ | 385,856 | $ | 349,135 | $ | 163,197 | $ | 489,853 | |||||||||
|
|
|
|
|
|
|
| |||||||||
Liabilities: | ||||||||||||||||
Due to custodian | 2,688 | — | 2,124 | — | ||||||||||||
Accounts payable and accrued liabilities: | ||||||||||||||||
Investment securities purchased | 710 | 166 | 687 | 3,070 | ||||||||||||
Shares of beneficial interest redeemed | 6,290 | 22 | 12 | 31 | ||||||||||||
Management and advisory fees | 272 | 278 | 109 | 384 | ||||||||||||
Trustees fees | 2 | 2 | 1 | 2 | ||||||||||||
Transfer agent fees | — | (A) | 2 | 1 | 3 | |||||||||||
Custody fees | 63 | 90 | 36 | 112 | ||||||||||||
Administration fees | 7 | 6 | 3 | 10 | ||||||||||||
Audit and tax fees | 10 | 11 | 10 | 12 | ||||||||||||
Other | 8 | 10 | 6 | 14 | ||||||||||||
Collateral for securities on loan | 33,670 | 41,387 | 18,280 | 33,993 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
43,720 | 41,974 | 21,269 | 37,631 | |||||||||||||
|
|
|
|
|
|
|
| |||||||||
Net assets | $ | 342,136 | $ | 307,161 | $ | 141,928 | $ | 452,222 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Net assets consist of: | ||||||||||||||||
Shares of beneficial interest, unlimited shares authorized, no par value | $ | 326,352 | $ | 275,741 | $ | 350,586 | $ | 410,898 | ||||||||
Undistributed (accumulated) net investment income (loss) | 2,963 | 75 | 950 | 2,783 | ||||||||||||
Undistributed (accumulated) net realized gain (loss) from investments | 2,634 | 3,846 | (196,416 | ) | (6,186 | ) | ||||||||||
Net unrealized appreciation (depreciation) on: | ||||||||||||||||
Investment securities | 10,166 | 27,482 | (13,209 | ) | 43,812 | |||||||||||
Translation of assets and liabilities denominated in foreign currencies | 21 | 17 | 17 | 915 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Net assets | $ | 342,136 | $ | 307,161 | $ | 141,928 | $ | 452,222 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Shares outstanding | 46,603 | 37,572 | 20,890 | 50,779 | ||||||||||||
Net asset value and offering price per share | $ | 7.34 | $ | 8.18 | $ | 6.79 | $ | 8.91 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Investment securities, at cost | $ | 367,297 | $ | 310,547 | $ | 170,836 | $ | 432,282 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Repurchase agreement, at cost | $ | — | $ | 2,280 | $ | — | $ | 7,936 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Foreign currency, at cost | $ | 638 | $ | 601 | $ | 148 | $ | 201 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Securities loaned, at value | $ | 32,137 | $ | 38,751 | $ | 17,460 | $ | 32,258 | ||||||||
|
|
|
|
|
|
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 110 |
STATEMENTS OF ASSETS AND LIABILITIES (continued)
At April 30, 2012
(all amounts except per share amounts in thousands)
(unaudited)
Transamerica Large Cap Value | Transamerica Long/Short Strategy | Transamerica Mid Cap Value | Transamerica Real Return TIPS | |||||||||||||
Assets: | ||||||||||||||||
Investment securities, at value | $ | 592,517 | $ | 78,608 | $ | 190,337 | $ | 1,096,396 | ||||||||
Repurchase agreement, at value | — | 47 | 2,860 | 1,563 | ||||||||||||
Cash on deposit with broker | — | 53,281 | — | — | ||||||||||||
Foreign currency, at value | — | — | — | 164 | ||||||||||||
Receivables: | ||||||||||||||||
Investment securities sold | 8,346 | 1,132 | 801 | 6,859 | ||||||||||||
Shares of beneficial interest sold | 13 | 25 | — | 1,514 | ||||||||||||
Interest | — | (A) | — | (A) | — | (A) | 4,258 | |||||||||
Securities lending income (net) | 19 | — | 2 | 8 | ||||||||||||
Dividends | 613 | 86 | 93 | — | ||||||||||||
Prepaid expenses | — | (A) | — | (A) | — | (A) | 1 | |||||||||
Unrealized appreciation on swap agreements | — | — | — | 1,302 | ||||||||||||
Premium paid on swap agreements | — | — | — | 1,833 | ||||||||||||
Unrealized appreciation on forward foreign currency contracts | — | — | — | 296 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
$ | 601,508 | $ | 133,179 | $ | 194,093 | $ | 1,114,194 | |||||||||
|
|
|
|
|
|
|
| |||||||||
Liabilities: | ||||||||||||||||
Cash deposit due to broker | — | — | — | 1,475 | ||||||||||||
Accounts payable and accrued liabilities: | ||||||||||||||||
Investment securities purchased | 8,342 | 1,079 | 56 | 102,125 | ||||||||||||
Shares of beneficial interest redeemed | 303 | 11 | 91 | 84 | ||||||||||||
Management and advisory fees | 377 | 86 | 128 | 514 | ||||||||||||
Trustees fees | 3 | 1 | 1 | 6 | ||||||||||||
Transfer agent fees | 4 | — | (A) | 1 | 6 | |||||||||||
Custody fees | 10 | 8 | 6 | 13 | ||||||||||||
Administration fees | 12 | 2 | 4 | 20 | ||||||||||||
Audit and tax fees | 10 | 10 | 9 | 13 | ||||||||||||
Dividends from securities sold short | — | 72 | — | — | ||||||||||||
Swap income payable | — | — | — | 24 | ||||||||||||
Variation margin | — | — | — | 29 | ||||||||||||
Other | 18 | 11 | 6 | 34 | ||||||||||||
Collateral for securities on loan | 25,560 | — | 16,040 | 90,185 | ||||||||||||
Written options and swaptions, at value | — | — | — | 1,621 | ||||||||||||
Unrealized depreciation on swap agreements | — | — | — | 483 | ||||||||||||
Premium received on swap agreements | — | — | — | 119 | ||||||||||||
Securities sold short, at value | — | 56,246 | — | — | ||||||||||||
Unrealized depreciation on forward foreign currency contracts | — | — | — | 2,117 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
34,639 | 57,526 | 16,342 | 198,868 | |||||||||||||
|
|
|
|
|
|
|
| |||||||||
Net assets | $ | 566,869 | $ | 75,653 | $ | 177,751 | $ | 915,326 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Net assets consist of: | ||||||||||||||||
Shares of beneficial interest, unlimited shares authorized, no par value | $ | 590,538 | $ | 89,089 | $ | 144,906 | $ | 835,909 | ||||||||
Undistributed (accumulated) net investment income (loss) | 2,377 | (501 | ) | 501 | 4,635 | |||||||||||
Undistributed (accumulated) net realized gain (loss) from investments | (113,711 | ) | (13,389 | ) | (13,264 | ) | 16,387 | |||||||||
Net unrealized appreciation (depreciation) on: | ||||||||||||||||
Investment securities | 87,665 | 5,121 | 45,608 | 59,056 | ||||||||||||
Futures contracts | — | — | — | 265 | ||||||||||||
Written option and swaption contracts | — | — | — | 195 | ||||||||||||
Swap agreements | — | — | — | 819 | ||||||||||||
Translation of assets and liabilities denominated in foreign currencies | — | — | — | (1,940 | ) | |||||||||||
Securities sold short | — | (4,667 | ) | — | — | |||||||||||
|
|
|
|
|
|
|
| |||||||||
Net assets | $ | 566,869 | $ | 75,653 | $ | 177,751 | $ | 915,326 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Shares outstanding | 57,760 | 9,467 | 14,407 | 80,982 | ||||||||||||
Net asset value and offering price per share | $ | 9.81 | $ | 7.99 | $ | 12.34 | $ | 11.30 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Investment securities, at cost | $ | 504,852 | $ | 73,487 | $ | 144,729 | $ | 1,037,340 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Repurchase agreement, at cost | $ | — | $ | 47 | $ | 2,860 | $ | 1,563 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Foreign currency, at cost | $ | — | $ | — | $ | — | $ | 163 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Securities loaned, at value | $ | 24,967 | $ | — | $ | 15,647 | $ | 88,389 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Premium received on written option & swaption contracts | $ | — | $ | — | $ | — | $ | 1,816 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Proceeds received from securities sold short | $ | — | $ | 51,579 | $ | — | $ | — | ||||||||
|
|
|
|
|
|
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 111 |
STATEMENTS OF ASSETS AND LIABILITIES (continued)
At April 30, 2012
(all amounts except per share amounts in thousands)
(unaudited)
Transamerica Select Equity | Transamerica Small-& Mid- Cap Value Select | Transamerica Small Company Growth | Transamerica Total Return | Transamerica Value | ||||||||||||||||
Assets: | ||||||||||||||||||||
Investment securities, at value | $ | 1,212,810 | $ | 186,855 | $ | 291,083 | $ | 787,647 | $ | 324,766 | ||||||||||
Repurchase agreement, at value | 54,995 | 118,838 | 884 | 133,963 | 39,067 | |||||||||||||||
Cash on deposit with broker | — | — | — | 469 | — | |||||||||||||||
Foreign currency, at value | — | — | — | 50 | 616 | |||||||||||||||
Receivables: | ||||||||||||||||||||
Investment securities sold | 2,545 | 352 | 877 | 97,968 | 679 | |||||||||||||||
Shares of beneficial interest sold | 10 | 3 | 3 | 58 | 862 | |||||||||||||||
Interest | — | (A) | — | (A) | — | (A) | 4,810 | — | (A) | |||||||||||
Securities lending income (net) | — | (A) | 6 | 218 | 7 | 10 | ||||||||||||||
Dividends | 1,263 | 91 | 112 | — | 921 | |||||||||||||||
Dividend reclaims | — | — | — | — | 38 | |||||||||||||||
Variation margin | — | — | — | 16 | — | |||||||||||||||
Prepaid expenses | 3 | — | (A) | — | (A) | — | (A) | — | (A) | |||||||||||
Unrealized appreciation on swap agreements | — | — | — | 3,627 | — | |||||||||||||||
Premium paid on swap agreements | — | — | — | 2,169 | — | |||||||||||||||
Unrealized appreciation on forward foreign currency contracts | — | — | — | 522 | — | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
$ | 1,271,626 | $ | 306,145 | $ | 293,177 | $ | 1,031,306 | $ | 366,959 | |||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Liabilities: | ||||||||||||||||||||
Cash deposit due to broker | — | — | — | 4,515 | — | |||||||||||||||
Accounts payable and accrued liabilities: | ||||||||||||||||||||
Investment securities purchased | 2,183 | — | — | 174,293 | — | |||||||||||||||
Shares of beneficial interest redeemed | 306 | 99,842 | 48 | 272 | 101 | |||||||||||||||
Management and advisory fees | 767 | 217 | 189 | 401 | 213 | |||||||||||||||
Trustees fees | 7 | 1 | 1 | 4 | 2 | |||||||||||||||
Transfer agent fees | 8 | 2 | 2 | 4 | 2 | |||||||||||||||
Custody fees | — | 11 | 3 | 10 | 20 | |||||||||||||||
Administration fees | 27 | 6 | 5 | 15 | 7 | |||||||||||||||
Audit and tax fees | 10 | 10 | 9 | 13 | 10 | |||||||||||||||
Swap income payable | — | — | — | 367 | — | |||||||||||||||
Other | 52 | 9 | 6 | 24 | 10 | |||||||||||||||
Collateral for securities on loan | — | 22,838 | 60,047 | 37,780 | 46,010 | |||||||||||||||
Written options and swaptions, at value | — | — | — | 705 | — | |||||||||||||||
Unrealized depreciation on swap agreements | — | — | — | 2,740 | — | |||||||||||||||
Premium received on swap agreements | — | — | — | 503 | — | |||||||||||||||
Securities sold short, at value | — | — | — | 61,015 | — | |||||||||||||||
Unrealized depreciation on forward foreign currency contracts | — | — | — | 1,603 | — | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
3,360 | 122,936 | 60,310 | 284,264 | 46,375 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net assets | $ | 1,268,266 | $ | 183,209 | $ | 232,867 | $ | 747,042 | $ | 320,584 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net assets consist of: | ||||||||||||||||||||
Shares of beneficial interest, unlimited shares authorized, no par value | $ | 1,125,699 | $ | 155,132 | $ | 187,566 | $ | 730,861 | $ | 454,090 | ||||||||||
Undistributed (accumulated) net investment income (loss) | 787 | 503 | 1,704 | (1,096 | ) | 886 | ||||||||||||||
Undistributed (accumulated) net realized gain (loss) from investments | 18,297 | 5,273 | (3,043 | ) | (267 | ) | (87,853 | ) | ||||||||||||
Net unrealized appreciation (depreciation) on: | ||||||||||||||||||||
Investment securities | 123,483 | 22,301 | 46,641 | 17,726 | (46,555 | ) | ||||||||||||||
Futures contracts | — | — | — | 108 | — | |||||||||||||||
Written option and swaption contracts | — | — | — | 197 | — | |||||||||||||||
Swap agreements | — | — | — | 887 | — | |||||||||||||||
Translation of assets and liabilities denominated in foreign currencies | — | — | (1 | ) | (1,083 | ) | 16 | |||||||||||||
Securities sold short | — | — | — | (291 | ) | — | ||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net assets | $ | 1,268,266 | $ | 183,209 | $ | 232,867 | $ | 747,042 | $ | 320,584 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Shares outstanding | 111,643 | 19,321 | 18,827 | 70,607 | 14,480 | |||||||||||||||
Net asset value and offering price per share | $ | 11.36 | $ | 9.48 | $ | 12.37 | $ | 10.58 | $ | 22.14 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Investment securities, at cost | $ | 1,089,327 | $ | 164,554 | $ | 244,442 | $ | 769,921 | $ | 371,321 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Repurchase agreement, at cost | $ | 54,995 | $ | 118,838 | $ | 884 | $ | 133,963 | $ | 39,067 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Foreign currency, at cost | $ | — | $ | — | $ | — | $ | 50 | $ | 615 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Securities loaned, at value | $ | — | $ | 22,260 | $ | 58,178 | $ | 37,018 | $ | 44,776 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Premium received on written option & swaption contracts | $ | — | $ | — | $ | — | $ | 902 | $ | — | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Proceeds received from securities sold short | $ | — | $ | — | $ | — | $ | 60,724 | $ | — | ||||||||||
|
|
|
|
|
|
|
|
|
|
(A) | Rounds to less than $1. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 112 |
STATEMENTS OF OPERATIONS
For the period ended April 30, 2012
(all amounts in thousands)
(unaudited)
Transamerica Arbitrage Strategy | Transamerica Bond | Transamerica Core Bond | Transamerica Developing Markets Debt | Transamerica Developing Markets Equity | ||||||||||||||||
Investment income: | ||||||||||||||||||||
Dividend income | $ | 623 | $ | 983 | $ | — | $ | — | $ | 4,054 | ||||||||||
Withholding taxes on foreign income | (7 | ) | (31 | ) | — | (2 | ) | (167 | ) | |||||||||||
Interest income | — | 12,760 | 38,110 | 8,686 | 1 | |||||||||||||||
Securities lending income (net) | — | 97 | 170 | 43 | 134 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
616 | 13,809 | 38,280 | 8,727 | 4,022 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Expenses: | ||||||||||||||||||||
Management and advisory | 803 | 1,537 | 4,310 | 1,406 | 2,791 | |||||||||||||||
Transfer agent | 6 | 18 | 80 | 11 | 19 | |||||||||||||||
Printing and shareholder reports | 2 | 6 | 19 | 4 | 6 | |||||||||||||||
Custody | 182 | 64 | 198 | 43 | 403 | |||||||||||||||
Administration | 17 | 52 | 230 | 33 | 54 | |||||||||||||||
Legal | 3 | 8 | 35 | 5 | 8 | |||||||||||||||
Audit and tax | 10 | 9 | 9 | 8 | 27 | |||||||||||||||
Trustees | 1 | 4 | 20 | 3 | 4 | |||||||||||||||
Dividends on securities sold short | 593 | — | — | — | — | |||||||||||||||
Other | 4 | 4 | 15 | 3 | 5 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total expenses | 1,621 | 1,702 | 4,916 | 1,516 | 3,317 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Expenses reimbursed | (36 | ) | — | — | — | — | ||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net expenses | 1,585 | 1,702 | 4,916 | 1,516 | 3,317 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net investment income (loss) | (969 | ) | 12,107 | 33,364 | 7,211 | 705 | ||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net realized gain (loss) on transactions | ||||||||||||||||||||
Investment securities | 1,911 | 3,744 | 11,814 | 3,595 | 28,768 | (A) | ||||||||||||||
Futures contracts | — | — | — | 488 | — | |||||||||||||||
Written option and swaption contracts | 963 | — | — | — | — | |||||||||||||||
Swap agreements | (293 | ) | — | — | — | — | ||||||||||||||
Foreign currency transactions | (764 | ) | (45 | ) | — | (5 | ) | (280 | ) | |||||||||||
Securities sold short | (185 | ) | — | — | — | — | ||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net realized gain | 1,632 | 3,699 | 11,814 | 4,078 | 28,488 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net increase (decrease) in unrealized appreciation (depreciation) on: | ||||||||||||||||||||
Investment securities | 195 | 13,920 | 19,962 | 10,478 | 3,099 | (B) | ||||||||||||||
Futures contracts | — | — | — | (61 | ) | — | ||||||||||||||
Written option and swaption contracts | 143 | — | — | — | — | |||||||||||||||
Swap agreements | (103 | ) | — | — | — | — | ||||||||||||||
Translation of assets and liabilities denominated in foreign currencies | 621 | 56 | — | 4 | (77 | ) | ||||||||||||||
Securities sold short | (388 | ) | — | — | — | — | ||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net change in unrealized appreciation (depreciation): | 468 | 13,976 | 19,962 | 10,421 | 3,022 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net realized and change in unrealized gain | 2,100 | 17,675 | 31,776 | 14,499 | 31,510 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net increase in net assets resulting from operations | $ | 1,131 | $ | 29,782 | $ | 65,140 | $ | 21,710 | $ | 32,215 | ||||||||||
|
|
|
|
|
|
|
|
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 113 |
STATEMENTS OF OPERATIONS (continued)
For the period ended April 30, 2012
(all amounts in thousands)
(unaudited)
Transamerica Emerging Markets | Transamerica Global Macro | Transamerica Global Real Estate Securities | Transamerica Growth | Transamerica International | ||||||||||||||||
Investment income: | ||||||||||||||||||||
Dividend income | $ | 2,300 | $ | — | $ | 2,761 | $ | 2,707 | $ | 5,717 | ||||||||||
Withholding taxes on foreign income | (258 | ) | — | (108 | ) | (42 | ) | (526 | ) | |||||||||||
Interest income | 1 | 23 | — | (C) | 1 | 2 | ||||||||||||||
Securities lending income (net) | 33 | — | 64 | 58 | 124 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
2,076 | 23 | 2,717 | 2,724 | 5,317 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Expenses: | ||||||||||||||||||||
Management and advisory | 1,556 | 769 | 597 | 2,344 | 1,714 | |||||||||||||||
Transfer agent | 10 | 5 | 6 | 23 | 13 | |||||||||||||||
Printing and shareholder reports | 4 | 2 | 3 | 7 | 5 | |||||||||||||||
Custody | 328 | 78 | 82 | 52 | 166 | |||||||||||||||
Administration | 29 | 13 | 16 | 66 | 39 | |||||||||||||||
Legal | 4 | 3 | 2 | 10 | 6 | |||||||||||||||
Audit and tax | 22 | 11 | 10 | 9 | 11 | |||||||||||||||
Trustees | 3 | 1 | 1 | 6 | 3 | |||||||||||||||
Registration | 20 | — | 1 | 1 | — | |||||||||||||||
Other | 3 | 1 | 2 | 6 | 4 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total expenses | 1,979 | 883 | 720 | 2,524 | 1,961 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Expenses reimbursed | (84 | ) | — | — | — | — | ||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net expenses | 1,895 | 883 | 720 | 2,524 | 1,961 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net investment income (loss) | 181 | (860 | ) | 1,997 | 200 | 3,356 | ||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net realized gain (loss) on transactions from: | ||||||||||||||||||||
Investment securities | (21,337 | ) (D) | (4,203 | ) | 5,607 | 37,765 | 5,225 | |||||||||||||
Futures contracts | — | 2,626 | — | — | — | |||||||||||||||
Written option and swaption contracts | — | 1,003 | — | — | — | |||||||||||||||
Foreign currency transactions | 171 | 2,341 | (64 | ) | (21 | ) | (263 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net realized gain (loss) | (21,166 | ) | 1,767 | 5,543 | 37,744 | 4,962 | ||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net increase (decrease) in unrealized appreciation (depreciation) on: | ||||||||||||||||||||
Investment securities | 24,826 | (E) | 303 | 6,050 | 45,842 | 11,881 | ||||||||||||||
Futures contracts | — | (2,007 | ) | — | — | — | ||||||||||||||
Written option and swaption contracts | — | 252 | — | — | — | |||||||||||||||
Translation of assets and liabilities denominated in foreign currencies | 210 | (687 | ) | 12 | — | 31 | ||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net change in unrealized appreciation (depreciation): | 25,036 | (2,139 | ) | 6,062 | 45,842 | 11,912 | ||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net realized and change in unrealized gain (loss) | 3,870 | (372 | ) | 11,605 | 83,586 | 16,874 | ||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net increase (decrease) in net assets resulting from operations | $ | 4,051 | $ | (1,232) | $ | 13,602 | $ | 83,786 | $ | 20,230 | ||||||||||
|
|
|
|
|
|
|
|
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 114 |
STATEMENTS OF OPERATIONS (continued)
For the period ended April 30, 2012
(all amounts in thousands)
(unaudited)
Transamerica International Equity Opportunities | Transamerica International Small Cap | Transamerica International Value | Transamerica International Value Opportunities | |||||||||||||
Investment income: | ||||||||||||||||
Dividend income | $ | 5,150 | $ | 3,200 | $ | 2,191 | $ | 5,847 | ||||||||
Withholding taxes on foreign income | (406 | ) | (188 | ) | (151 | ) | (446 | ) | ||||||||
Interest income | — | (C) | 1 | — | (C) | 2 | ||||||||||
Securities lending income (net) | 135 | 197 | 107 | 122 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
4,879 | 3,210 | 2,147 | 5,525 | |||||||||||||
|
|
|
|
|
|
|
| |||||||||
Expenses: | ||||||||||||||||
Management and advisory | 1,538 | 1,633 | 651 | 2,186 | ||||||||||||
Transfer agent | 13 | 11 | 6 | 16 | ||||||||||||
Printing and shareholder reports | 5 | 5 | 3 | 6 | ||||||||||||
Custody | 148 | 182 | 89 | 186 | ||||||||||||
Administration | 37 | 33 | 16 | 47 | ||||||||||||
Legal | 6 | 5 | 3 | 7 | ||||||||||||
Audit and tax | 8 | 10 | 8 | 11 | ||||||||||||
Trustees | 3 | 3 | 1 | 4 | ||||||||||||
Other | 4 | 3 | 2 | 5 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total expenses | 1,762 | 1,885 | 779 | 2,468 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Net investment income | 3,117 | 1,325 | 1,368 | 3,057 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Net realized gain (loss) on transactions from: | ||||||||||||||||
Investment securities | 3,111 | 4,523 | (F) | (6,408 | ) | (4,463 | ) | |||||||||
Foreign currency transactions | (93 | ) | (9 | ) | (21 | ) | 1,712 | |||||||||
|
|
|
|
|
|
|
| |||||||||
Net realized gain (loss) | 3,018 | 4,514 | (6,429 | ) | (2,751 | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Net increase (decrease) in unrealized appreciation (depreciation) on: | ||||||||||||||||
Investment securities | 16,111 | 16,958 | 8,386 | 20,965 | ||||||||||||
Translation of assets and liabilities denominated in foreign currencies | 30 | 39 | 9 | (286 | ) | |||||||||||
|
|
|
|
|
|
|
| |||||||||
Net change in unrealized appreciation (depreciation): | 16,141 | 16,997 | 8,395 | 20,679 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Net realized and change in unrealized gain (loss) | 19,159 | 21,511 | 1,966 | 17,928 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Net increase in net assets resulting from operations | $ | 22,276 | $ | 22,836 | $ | 3,334 | $ | 20,985 | ||||||||
|
|
|
|
|
|
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 115 |
STATEMENTS OF OPERATIONS (continued)
For the period ended April 30, 2012
(all amounts in thousands)
(unaudited)
Transamerica Large Cap Value | Transamerica Long/Short Strategy | Transamerica Mid Cap Value | Transamerica Real Return TIPS | |||||||||||||
Investment income: | ||||||||||||||||
Dividend income | $ | 6,879 | $ | 1,260 | $ | 1,861 | $ | 15 | ||||||||
Withholding taxes on foreign income | (126 | ) | 1 | (3 | ) | — | (C) | |||||||||
Interest income | 1 | 31 | 1 | 8,224 | ||||||||||||
Securities lending income (net) | 98 | — | 21 | 51 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
6,852 | 1,292 | 1,880 | 8,290 | |||||||||||||
|
|
|
|
|
|
|
| |||||||||
Expenses: | ||||||||||||||||
Management and advisory | 2,157 | 674 | 706 | 3,169 | ||||||||||||
Transfer agent | 21 | 4 | 6 | 37 | ||||||||||||
Printing and shareholder reports | 6 | 3 | 3 | 10 | ||||||||||||
Custody | 38 | 26 | 17 | 130 | ||||||||||||
Administration | 60 | 11 | 19 | 105 | ||||||||||||
Legal | 9 | 2 | 3 | 20 | ||||||||||||
Audit and tax | 9 | 8 | 8 | 11 | ||||||||||||
Trustees | 5 | 1 | 2 | 9 | ||||||||||||
Dividends on securities sold short | — | 1,063 | — | — | ||||||||||||
Other | 5 | 1 | 1 | 8 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total expenses | 2,310 | 1,793 | 765 | 3,499 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Net investment income (loss) | 4,542 | (501 | ) | 1,115 | 4,791 | |||||||||||
|
|
|
|
|
|
|
| |||||||||
Net realized gain (loss) on transactions from: | ||||||||||||||||
Investment securities | 20,303 | 2,475 | 5,832 | 15,080 | ||||||||||||
Futures contracts | — | — | — | 1,397 | ||||||||||||
Written option and swaption contracts | — | — | — | 1,743 | ||||||||||||
Swap agreements | — | — | — | 1,333 | ||||||||||||
Foreign currency transactions | — | — | — | (1,322 | ) | |||||||||||
Securities sold short | — | (1,588 | ) | — | — | |||||||||||
|
|
|
|
|
|
|
| |||||||||
Net realized gain | 20,303 | 887 | 5,832 | 18,231 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Net increase (decrease) in unrealized appreciation (depreciation) on: | ||||||||||||||||
Investment securities | 38,332 | 7,231 | 15,934 | 15,326 | ||||||||||||
Futures contracts | — | — | — | (981 | ) | |||||||||||
Written option and swaption contracts | — | — | — | (1,042 | ) | |||||||||||
Swap agreements | — | — | — | 15 | ||||||||||||
Translation of assets and liabilities denominated in foreign currencies | — | — | — | 3,151 | ||||||||||||
Securities sold short | — | (5,736 | ) | — | — | |||||||||||
|
|
|
|
|
|
|
| |||||||||
Net change in unrealized appreciation (depreciation): | 38,332 | 1,495 | 15,934 | 16,469 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Net realized and change in unrealized gain | 58,635 | 2,382 | 21,766 | 34,700 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Net increase in net assets resulting from operations | $ | 63,177 | $ | 1,881 | $ | 22,881 | $ | 39,491 | ||||||||
|
|
|
|
|
|
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 116 |
STATEMENTS OF OPERATIONS (continued)
For the period ended April 30, 2012
(all amounts in thousands)
(unaudited)
Transamerica Select Equity | Transamerica Small- & Mid-Cap Value Select | Transamerica Small Company Growth | Transamerica Total Return | Transamerica Value | ||||||||||||||||
Investment income: | ||||||||||||||||||||
Dividend income | $ | 15,373 | $ | 2,011 | $ | 822 | $ | 77 | $ | 3,016 | ||||||||||
Withholding taxes on foreign income | — | 5 | (3 | ) | — | (258 | ) | |||||||||||||
Interest income | 6 | 2 | — | (C) | 10,675 | 4 | ||||||||||||||
Securities lending income (net) | 64 | 71 | 1,116 | 28 | 67 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
15,443 | 2,089 | 1,935 | 10,780 | 2,829 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Expenses: | ||||||||||||||||||||
Management and advisory | 4,092 | 1,219 | 989 | 2,099 | 1,213 | |||||||||||||||
Transfer agent | 43 | 10 | 8 | 24 | 11 | |||||||||||||||
Printing and shareholder reports | 50 | 4 | 3 | 7 | 4 | |||||||||||||||
Custody | 47 | 27 | 26 | 118 | 51 | |||||||||||||||
Administration | 124 | 29 | 23 | 69 | 33 | |||||||||||||||
Legal | 16 | 4 | 3 | 14 | 5 | |||||||||||||||
Audit and tax | 7 | 8 | 8 | 11 | 9 | |||||||||||||||
Trustees | 8 | 3 | 2 | 6 | 3 | |||||||||||||||
Other | 5 | 2 | 1 | 5 | 3 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total expenses | 4,392 | 1,306 | 1,063 | 2,353 | 1,332 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net investment income | 11,051 | 783 | 872 | 8,427 | 1,497 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net realized gain (loss) on transactions from: | ||||||||||||||||||||
Investment securities | 22,104 | 12,005 | (406 | ) | 1,017 | (5,624 | ) | |||||||||||||
Futures contracts | — | — | — | 276 | — | |||||||||||||||
Written option and swaption contracts | — | — | — | 451 | — | |||||||||||||||
Swap agreements | — | — | — | 944 | — | |||||||||||||||
Foreign currency transactions | — | — | (16 | ) | (1,757 | ) | (77 | ) | ||||||||||||
Securities sold short | — | — | — | (906 | ) | — | ||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net realized gain (loss) | 22,104 | 12,005 | (422 | ) | 25 | (5,701 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net increase (decrease) in unrealized appreciation (depreciation) on: | ||||||||||||||||||||
Investment securities | 96,415 | (86 | ) | 14,409 | 15,092 | 24,897 | ||||||||||||||
Futures contracts | — | — | — | 209 | — | |||||||||||||||
Written option and swaption contracts | — | — | — | (29 | ) | — | ||||||||||||||
Swap agreements | — | — | — | 107 | — | |||||||||||||||
Translation of assets and liabilities denominated in foreign currencies | — | — | 1 | 2,801 | 26 | |||||||||||||||
Securities sold short | — | — | — | (155 | ) | — | ||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net change in unrealized appreciation (depreciation): | 96,415 | (86 | ) | 14,410 | 18,025 | 24,923 | ||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net realized and change in unrealized gain | 118,519 | 11,919 | 13,988 | 18,050 | 19,222 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net increase in net assets resulting from operations | $ | 129,570 | $ | 12,702 | $ | 14,860 | $ | 26,477 | $ | 20,719 | ||||||||||
|
|
|
|
|
|
|
|
|
|
(A) | Net of foreign capital gains tax of $33. |
(B) | Net of foreign capital gains tax of $174. |
(C) | Rounds to less than $1. |
(D) | Net of foreign capital gains tax of $138. |
(E) | Net of foreign capital gains tax of $273. |
(F) | Net of foreign capital gains tax of $2. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 117 |
STATEMENTS OF CHANGES IN NET ASSETS
For the periods or years ended:
(all amounts in thousands)
Transamerica Arbitrage Strategy | Transamerica Bond | Transamerica Core Bond | ||||||||||||||||||||||
April 30, 2012 (unaudited) | October 31, 2011(A) | April 30, 2012 (unaudited) | October 31, 2011 | April 30, 2012 (unaudited) | October 31, 2011 | |||||||||||||||||||
From operations: | ||||||||||||||||||||||||
Net investment income (loss) | $ | (969 | ) | $ | (294 | ) | $ | 12,107 | $ | 27,710 | $ | 33,364 | $ | 41,873 | ||||||||||
Net realized gain (loss)(B) | 1,632 | 1,587 | 3,699 | 32,188 | 11,814 | 4,104 | ||||||||||||||||||
Net change in unrealized appreciation (depreciation)(C) | 468 | 582 | 13,976 | (39,892 | ) | 19,962 | 21,961 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net increase in net assets resulting from operations | 1,131 | 1,875 | 29,782 | 20,006 | 65,140 | 67,938 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions to shareholders: | ||||||||||||||||||||||||
From net investment income | — | — | (19,055 | ) | (34,541 | ) | (37,177 | ) | (45,454 | ) | ||||||||||||||
From net realized gains | (1,456 | ) | — | (25,612 | ) | (10,465 | ) | — | (6,906 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total distributions to shareholders | (1,456 | ) | — | (44,667 | ) | (45,006 | ) | (37,177 | ) | (52,360 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Capital share transactions: | ||||||||||||||||||||||||
Proceeds from shares sold | 48,141 | 123,667 | 41,930 | 67,202 | 184,809 | 1,164,942 | ||||||||||||||||||
Dividends and distributions reinvested | 1,456 | — | 44,667 | 45,006 | 37,177 | 52,360 | ||||||||||||||||||
Cost of shares redeemed | (37,594 | ) | (1,334 | ) | (26,011 | ) | (219,088 | ) | (332,687 | ) | (87,555 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net increase (decrease) in net assets resulting from capital shares transactions | 12,003 | 122,333 | 60,586 | (106,880 | ) | (110,701 | ) | 1,129,747 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net increase (decrease) in net assets | 11,678 | 124,208 | 45,701 | (131,880 | ) | (82,738 | ) | 1,145,325 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets: | ||||||||||||||||||||||||
Beginning of period/year | 124,208 | — | 462,340 | 594,220 | 2,208,783 | 1,063,458 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
End of period/year | $ | 135,886 | $ | 124,208 | $ | 508,041 | $ | 462,340 | $ | 2,126,045 | $ | 2,208,783 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Undistributed (accumulated) net investment income (loss) | $ | (1,049 | ) | $ | (80 | ) | $ | 1,123 | $ | 8,071 | $ | (107 | ) | $ | 3,706 | |||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Share activity: | ||||||||||||||||||||||||
Shares issued | 4,700 | 12,244 | 4,235 | 6,127 | 17,350 | 111,128 | ||||||||||||||||||
Shares issued-reinvested from distributions | 143 | — | 4,722 | 4,246 | 3,492 | 5,058 | ||||||||||||||||||
Shares redeemed | (3,666 | ) | (132 | ) | (2,577 | ) | (20,146 | ) | (31,156 | ) | (8,438 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net increase (decrease) in shares outstanding | 1,177 | 12,112 | 6,380 | (9,773 | ) | (10,314 | ) | 107,748 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Transamerica Developing Markets Debt | Transamerica Developing Markets Equity | Transamerica Emerging Markets | ||||||||||||||||||||||
April 30, 2012 (unaudited) | October 31, 2011 | April 30, 2012 (unaudited) | October 31, 2011 | April 30, 2012 (unaudited) | October 31, 2011 | |||||||||||||||||||
From operations: | ||||||||||||||||||||||||
Net investment income (loss) | $ | 7,211 | $ | 15,773 | $ | 705 | $ | 3,479 | $ | 181 | $ | 2,452 | ||||||||||||
Net realized gain (loss)(B) | 4,078 | 2,626 | 28,488 | 69,535 | (21,166 | ) | 16,090 | |||||||||||||||||
Net change in unrealized appreciation (depreciation)(C) | 10,421 | (10,254 | ) | 3,022 | (119,084 | ) | 25,036 | (76,989 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net increase (decrease) in net assets resulting from operations | 21,710 | 8,145 | 32,215 | (46,070 | ) | 4,051 | (58,447 | ) | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions to shareholders: | ||||||||||||||||||||||||
From net investment income | (7,059 | ) | (14,256 | ) | (2,678 | ) | (1,725 | ) | (1,116 | ) | (183 | ) | ||||||||||||
From net realized gains | (2,484 | ) | (6,903 | ) | (40,297 | ) | — | (19,074 | ) | (23,647 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total distributions to shareholders | (9,543 | ) | (21,159 | ) | (42,975 | ) | (1,725 | ) | (20,190 | ) | (23,830 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Capital share transactions: | ||||||||||||||||||||||||
Proceeds from shares sold | 12,771 | 75,137 | 35,804 | 33,700 | 10,098 | 69,460 | ||||||||||||||||||
Dividends and distributions reinvested | 9,543 | 21,159 | 42,975 | 1,725 | 17,639 | 17,128 | ||||||||||||||||||
Cost of shares redeemed | (70,233 | ) | (75,481 | ) | (93,890 | ) | (100,186 | ) | (118,210 | ) | (75,961 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net increase (decrease) in net assets resulting from capital shares transactions | (47,919 | ) | 20,815 | (15,111 | ) | (64,761 | ) | (90,473 | ) | 10,627 | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net increase (decrease) in net assets | (35,752 | ) | 7,801 | (25,871 | ) | (112,556 | ) | (106,612 | ) | (71,650 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets: | ||||||||||||||||||||||||
Beginning of period/year | 310,377 | 302,576 | 497,656 | 610,212 | 339,661 | 411,311 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
End of period/year | $ | 274,625 | $ | 310,377 | $ | 471,785 | $ | 497,656 | $ | 233,049 | $ | 339,661 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Undistributed (accumulated) net investment income (loss) | $ | 548 | $ | 396 | $ | 704 | $ | 2,677 | $ | 181 | $ | 1,116 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Share activity: | ||||||||||||||||||||||||
Shares issued | 1,186 | 7,043 | 3,253 | 2,510 | 925 | 5,049 | ||||||||||||||||||
Shares issued-reinvested from distributions | 891 | 2,017 | 4,251 | 128 | 1,813 | 1,259 | ||||||||||||||||||
Shares redeemed | (6,417 | ) | (6,989 | ) | �� | (7,992 | ) | (7,853 | ) | (10,787 | ) | (6,181 | ) | |||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net increase (decrease) in shares outstanding | (4,340 | ) | 2,071 | (488 | ) | (5,215 | ) | (8,049 | ) | 127 | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 118 |
STATEMENTS OF CHANGES IN NET ASSETS (continued)
For the periods or years ended:
(all amounts in thousands)
Transamerica Global Macro | Transamerica Global Real Estate Securities | Transamerica Growth | ||||||||||||||||||||||
April 30, 2012 (unaudited) | October 31, 2011 | April 30, 2012 (unaudited) | October 31, 2011 | April 30, 2012 (unaudited) | October 31, 2011 | |||||||||||||||||||
From operations: | ||||||||||||||||||||||||
Net investment income (loss) | $ | (860 | ) | $ | (2,033 | ) | $ | 1,997 | $ | 5,062 | $ | 200 | $ | 77 | ||||||||||
Net realized gain (loss)(B) | 1,767 | (7,580 | ) | 5,543 | 35,217 | 37,744 | 52,646 | |||||||||||||||||
Net change in unrealized appreciation | (2,139 | ) | 1,957 | 6,062 | (33,053 | ) | 45,842 | 14,358 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net increase (decrease) in net assets resulting from operations | (1,232 | ) | (7,656 | ) | 13,602 | 7,226 | 83,786 | 67,081 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions to shareholders: | ||||||||||||||||||||||||
From net investment income | — | — | (2,666 | ) | (16,534 | ) | (427 | ) | (800 | ) | ||||||||||||||
From net realized gains | — | — | — | — | (22,717 | ) | — | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total distributions to shareholders | — | — | (2,666 | ) | (16,534 | ) | (23,144 | ) | (800 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Capital share transactions: | ||||||||||||||||||||||||
Proceeds from shares sold | 2,275 | 45,323 | 22,959 | 10,642 | 17,141 | 10,349 | ||||||||||||||||||
Dividends and distributions reinvested | — | — | 2,666 | 16,534 | 23,144 | 800 | ||||||||||||||||||
Cost of shares redeemed | (62,007 | ) | (26,258 | ) | (24,148 | ) | (190,179 | ) | (89,023 | ) | (185,395 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net increase (decrease) in net assets resulting from capital shares transactions | (59,732 | ) | 19,065 | 1,477 | (163,003 | ) | (48,738 | ) | (174,246 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net increase (decrease) in net assets | (60,964 | ) | 11,409 | 12,413 | (172,311 | ) | 11,904 | (107,965 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets: | ||||||||||||||||||||||||
Beginning of period/year | 137,551 | 126,142 | 147,057 | 319,368 | 618,767 | 726,732 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
End of period/year | $ | 76,587 | $ | 137,551 | $ | 159,470 | $ | 147,057 | $ | 630,671 | $ | 618,767 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Undistributed (accumulated) net investment income (loss) | $ | (860 | ) | $ | — | $ | (5,530 | ) | $ | (4,861 | ) | $ | (227 | ) | $ | — | ||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Share activity: | ||||||||||||||||||||||||
Shares issued | 396 | 7,581 | 1,888 | 869 | 1,337 | 812 | ||||||||||||||||||
Shares issued-reinvested from distributions | — | — | 239 | 1,435 | 1,987 | 65 | ||||||||||||||||||
Shares redeemed | (10,715 | ) | (4,535 | ) | (1,995 | ) | (15,685 | ) | (6,645 | ) | (14,750 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net increase (decrease) in shares outstanding | (10,319 | ) | 3,046 | 132 | (13,381 | ) | (3,321 | ) | (13,873 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Transamerica International |
Transamerica International Equity | Transamerica International Small Cap | ||||||||||||||||||||||
April 30, 2012 (unaudited) | October 31, 2011 | April 30, 2012 (unaudited) | October 31, 2011 | April 30, 2012 (unaudited) | October 31, 2011 | |||||||||||||||||||
From operations: | ||||||||||||||||||||||||
Net investment income (loss) | $ | 3,356 | $ | 8,398 | $ | 3,117 | $ | 8,730 | $ | 1,325 | $ | 7,763 | ||||||||||||
Net realized gain (loss)(B) | 4,962 | 47,149 | 3,018 | 46,909 | 4,514 | 38,370 | ||||||||||||||||||
Net change in unrealized appreciation | 11,912 | (64,738 | ) | 16,141 | (66,947 | ) | 16,997 | (64,866 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net increase (decrease) in net assets resulting from operations | 20,230 | (9,191 | ) | 22,276 | (11,308 | ) | 22,836 | (18,733 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions to shareholders: | ||||||||||||||||||||||||
From net investment income | (6,082 | ) | (7,056 | ) | (8,205 | ) | (5,767 | ) | (8,007 | ) | (6,178 | ) | ||||||||||||
From net realized gains | — | — | (47,521 | ) | (27,053 | ) | (38,213 | ) | (3,119 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total distributions to shareholders | (6,082 | ) | (7,056 | ) | (55,726 | ) | (32,820 | ) | (46,220 | ) | (9,297 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Capital share transactions: | ||||||||||||||||||||||||
Proceeds from shares sold | 82,135 | 14,663 | 10,660 | 26,144 | 7,766 | 19,996 | ||||||||||||||||||
Dividends and distributions reinvested | 6,082 | 7,056 | 55,726 | 32,820 | 46,220 | 9,297 | ||||||||||||||||||
Cost of shares redeemed | (43,179 | ) | (230,675 | ) | (44,494 | ) | (197,323 | ) | (53,799 | ) | (219,193 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net increase (decrease) in net assets resulting from capital shares transactions | 45,038 | (208,956 | ) | 21,892 | (138,359 | ) | 187 | (189,900 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net increase (decrease) in net assets | 59,186 | (225,203 | ) | (11,558 | ) | (182,487 | ) | (23,197 | ) | (217,930 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets: | ||||||||||||||||||||||||
Beginning of period/year | 359,646 | 584,849 | 353,694 | 536,181 | 330,358 | 548,288 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
End of period/year | $ | 418,832 | $ | 359,646 | $ | 342,136 | $ | 353,694 | $ | 307,161 | $ | 330,358 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Undistributed (accumulated) net investment income (loss) | $ | 2,510 | $ | 5,236 | $ | 2,963 | $ | 8,051 | $ | 75 | $ | 6,757 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Share activity: | ||||||||||||||||||||||||
Shares issued | 9,366 | 1,582 | 1,478 | 2,854 | 978 | 1,991 | ||||||||||||||||||
Shares issued-reinvested from distributions | 788 | 778 | 8,859 | 3,785 | 6,698 | 944 | ||||||||||||||||||
Shares redeemed | (5,178 | ) | (25,494 | ) | (6,125 | ) | (23,102 | ) | (6,792 | ) | (22,976 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net increase (decrease) in shares outstanding | 4,976 | (23,134 | ) | 4,212 | (16,463 | ) | 884 | (20,041 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 119 |
STATEMENTS OF CHANGES IN NET ASSETS (continued)
For the periods or years ended:
(all amounts in thousands)
Transamerica International Value | Transamerica International Value Opportunities | Transamerica Large Cap Value | ||||||||||||||||||||||
April 30, 2012 (unaudited) | October 31, 2011 | April 30, 2012 (unaudited) | October 31, 2011 | April 30, 2012 (unaudited) | October 31, 2011 | |||||||||||||||||||
From operations: | ||||||||||||||||||||||||
Net investment income (loss) | $ | 1,368 | $ | 5,047 | $ | 3,057 | $ | 10,022 | $ | 4,542 | $ | 6,672 | ||||||||||||
Net realized gain (loss)(B) | (6,429 | ) | (24,044 | ) | (2,751 | ) | 55,344 | 20,303 | 26,527 | |||||||||||||||
Net change in unrealized appreciation | 8,395 | (12,686 | ) | 20,679 | (103,001 | ) | 38,332 | 7,725 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net increase (decrease) in net assets resulting from operations | 3,334 | (31,683 | ) | 20,985 | (37,635 | ) | 63,177 | 40,924 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions to shareholders: | ||||||||||||||||||||||||
From net investment income | (5,169 | ) | (7,480 | ) | (8,733 | ) | (4,250 | ) | (6,908 | ) | (8,350 | ) | ||||||||||||
From net realized gains | — | — | (62,673 | ) | (4,928 | ) | — | — | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total distributions to shareholders | (5,169 | ) | (7,480 | ) | (71,406 | ) | (9,178 | ) | (6,908 | ) | (8,350 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Capital share transactions: | ||||||||||||||||||||||||
Proceeds from shares sold | 3,564 | 4,415 | 18,929 | 32,625 | 15,875 | 77,937 | ||||||||||||||||||
Dividends and distributions reinvested | 5,169 | 7,480 | 71,406 | 9,178 | 6,908 | 8,350 | ||||||||||||||||||
Cost of shares redeemed | (21,570 | ) | (114,883 | ) | (36,130 | ) | (325,036 | ) | (56,232 | ) | (277,017 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net increase (decrease) in net assets resulting from capital shares transactions | (12,837 | ) | (102,988 | ) | 54,205 | (283,233 | ) | (33,449 | ) | (190,730 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net increase (decrease) in net assets | (14,672 | ) | (142,151 | ) | 3,784 | (330,046 | ) | 22,820 | (158,156 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets: | ||||||||||||||||||||||||
Beginning of period/year | 156,600 | 298,751 | 448,438 | 778,484 | 544,049 | 702,205 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
End of period/year | $ | 141,928 | $ | 156,600 | $ | 452,222 | $ | 448,438 | $ | 566,869 | $ | 544,049 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Undistributed (accumulated) net investment income (loss) | $ | 950 | $ | 4,751 | $ | 2,783 | $ | 8,459 | $ | 2,377 | $ | 4,743 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Share activity: | ||||||||||||||||||||||||
Shares issued | 518 | 551 | 2,142 | 2,856 | 1,767 | 8,266 | ||||||||||||||||||
Shares issued-reinvested from distributions | 856 | 947 | 9,155 | 819 | 811 | 976 | ||||||||||||||||||
Shares redeemed | (3,248 | ) | (15,769 | ) | (4,058 | ) | (30,161 | ) | (6,054 | ) | (32,162 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net increase (decrease) in shares outstanding | (1,874 | ) | (14,271 | ) | 7,239 | (26,486 | ) | (3,476 | ) | (22,920 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Transamerica Long/Short Strategy | Transamerica Mid Cap Value | Transamerica Real Return TIPS | ||||||||||||||||||||||
April 30, 2012 (unaudited) | October 31, 2011 | April 30, 2012 (unaudited) | October 31, 2011 | April 30, 2012 (unaudited) | October 31, 2011 | |||||||||||||||||||
From operations: | ||||||||||||||||||||||||
Net investment income (loss) | $ | (501 | ) | $ | (2,131 | ) | $ | 1,115 | $ | 1,799 | $ | 4,791 | $ | 28,089 | ||||||||||
Net realized gain (loss)(B) | 887 | (917 | ) | 5,832 | 8,286 | 18,231 | 54,764 | |||||||||||||||||
Net change in unrealized appreciation | 1,495 | (3,559 | ) | 15,934 | 2,850 | 16,469 | (30,952 | ) | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net increase (decrease) in net assets resulting from operations | 1,881 | (6,607 | ) | 22,881 | 12,935 | 39,491 | 51,901 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions to shareholders: | ||||||||||||||||||||||||
From net investment income | — | — | (1,745 | ) | (2,200 | ) | (5,748 | ) | (28,799 | ) | ||||||||||||||
From net realized gains | — | — | — | — | (46,536 | ) | (30,631 | ) | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total distributions to shareholders | — | — | (1,745 | ) | (2,200 | ) | (52,284 | ) | (59,430 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Capital share transactions: | ||||||||||||||||||||||||
Proceeds from shares sold | 2,298 | 38,093 | 13,301 | — | 87,123 | 213,951 | ||||||||||||||||||
Dividends and distributions reinvested | — | — | 1,745 | 2,200 | 52,284 | 59,430 | ||||||||||||||||||
Cost of shares redeemed | (41,634 | ) | (26,720 | ) | (16,775 | ) | (18,203 | ) | (182,922 | ) | (140,183 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net increase (decrease) in net assets resulting from capital shares transactions | (39,336 | ) | 11,373 | (1,729 | ) | (16,003 | ) | (43,515 | ) | 133,198 | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net increase (decrease) in net assets | (37,455 | ) | 4,766 | 19,407 | (5,268 | ) | (56,308 | ) | 125,669 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets: | ||||||||||||||||||||||||
Beginning of period/year | 113,108 | 108,342 | 158,344 | 163,612 | 971,634 | 845,965 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
End of period/year | $ | 75,653 | $ | 113,108 | $ | 177,751 | $ | 158,344 | $ | 915,326 | $ | 971,634 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Undistributed (accumulated) net investment income (loss) | $ | (501 | ) | $ | — | $ | 501 | $ | 1,131 | $ | 4,635 | $ | 5,592 | |||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Share activity: | ||||||||||||||||||||||||
Shares issued | 297 | 4,746 | 1,147 | — | 7,801 | 19,339 | ||||||||||||||||||
Shares issued-reinvested from distributions | — | — | 165 | 207 | 4,789 | 5,557 | ||||||||||||||||||
Shares redeemed | (5,227 | ) | (3,374 | ) | (1,396 | ) | (1,800 | ) | (16,474 | ) | (12,897 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net increase (decrease) in shares outstanding | (4,930 | ) | 1,372 | (84 | ) | (1,593 | ) | (3,884 | ) | 11,999 | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 120 |
STATEMENTS OF CHANGES IN NET ASSETS (continued)
For the period or years ended:
(all amounts in thousands)
Transamerica Select Equity | Transamerica Small- & Mid-Cap Value Select | Transamerica Small Company Growth | ||||||||||||||||||||||
April 30, 2012 (unaudited) | October 31, 2011(D) | April 30, 2012 (unaudited) | October 31, 2011 | April 30, 2012 (unaudited) | October 31, 2011 | |||||||||||||||||||
From operations: | ||||||||||||||||||||||||
Net investment income (loss) | $ | 11,051 | $ | 855 | $ | 783 | $ | 1,389 | $ | 872 | $ | 579 | ||||||||||||
Net realized gain (loss)(B) | 22,104 | (3,807 | ) | 12,005 | 35,247 | (422 | ) | 12,910 | ||||||||||||||||
Net change in unrealized appreciation (depreciation)(C) | 96,415 | 27,068 | (86 | ) | (30,809 | ) | 14,410 | (3,039 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net increase in net assets resulting from operations | 129,570 | 24,116 | 12,702 | 5,827 | 14,860 | 10,450 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions to shareholders: | ||||||||||||||||||||||||
From net investment income | (11,065 | ) | (54 | ) | (1,236 | ) | (425 | ) | — | (600 | ) | |||||||||||||
From net realized gains | — | — | (11,565 | ) | — | — | — | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total distributions to shareholders | (11,065 | ) | (54 | ) | (12,801 | ) | (425 | ) | — | (600 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Capital share transactions: | ||||||||||||||||||||||||
Proceeds from shares sold | 242,028 | 914,980 | 22,602 | 5,146 | 54,008 | 5,026 | ||||||||||||||||||
Dividends and distributions reinvested | 11,065 | 54 | 12,801 | 425 | — | 600 | ||||||||||||||||||
Cost of shares redeemed | (39,611 | ) | (2,817 | ) | (110,631 | ) | (51,662 | ) | (14,418 | ) | (18,519 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net increase (decrease) in net assets resulting from capital shares transactions | 213,482 | 912,217 | (75,228 | ) | (46,091 | ) | 39,590 | (12,893 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net increase (decrease) in net assets | 331,987 | 936,279 | (75,327 | ) | (40,689 | ) | 54,450 | (3,043 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets: | ||||||||||||||||||||||||
Beginning of period/year | 936,279 | — | 258,536 | 299,225 | 178,417 | 181,460 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
End of period/year | $ | 1,268,266 | $ | 936,279 | $ | 183,209 | $ | 258,536 | $ | 232,867 | $ | 178,417 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Undistributed (accumulated) net investment income (loss) | $ | 787 | $ | 801 | $ | 503 | $ | 956 | $ | 1,704 | $ | 832 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Share activity: | ||||||||||||||||||||||||
Shares issued | 22,554 | 91,871 | 2,413 | 504 | 4,549 | 411 | ||||||||||||||||||
Shares issued-reinvested from distributions | 1,049 | 5 | 1,485 | 43 | — | 50 | ||||||||||||||||||
Shares redeemed | (3,559 | ) | (277 | ) | (11,671 | ) | (5,533 | ) | (1,195 | ) | (1,568 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net increase (decrease) in shares outstanding | 20,044 | 91,599 | (7,773 | ) | (4,986 | ) | 3,354 | (1,107 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
Transamerica Total Return | Transamerica Value | |||||||||||||||
April 30, 2012 (unaudited) | October 31, 2011 | April 30, 2012 (unaudited) | October 31, 2011 | |||||||||||||
From operations: | ||||||||||||||||
Net investment income (loss) | $ | 8,427 | $ | 17,888 | $ | 1,497 | $ | 4,177 | ||||||||
Net realized gain (loss)(B) | 25 | 5,845 | (5,701 | ) | 15,644 | |||||||||||
Net change in unrealized appreciation (depreciation)(C) | 18,025 | (10,844 | ) | 24,923 | (26,148 | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Net increase (decrease) in net assets resulting from operations | 26,477 | 12,889 | 20,719 | (6,327 | ) | |||||||||||
|
|
|
|
|
|
|
| |||||||||
Distributions to shareholders: | ||||||||||||||||
From net investment income | (13,080 | ) | (17,746 | ) | (729 | ) | (7,774 | ) | ||||||||
From net realized gains | (2,586 | ) | (19,234 | ) | — | — | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Total distributions to shareholders | (15,666 | ) | (36,980 | ) | (729 | ) | (7,774 | ) | ||||||||
|
|
|
|
|
|
|
| |||||||||
Capital share transactions: | ||||||||||||||||
Proceeds from shares sold | 146,495 | 55,205 | 11,105 | 5,202 | ||||||||||||
Dividends and distributions reinvested | 15,666 | 36,980 | 729 | 7,774 | ||||||||||||
Cost of shares redeemed | (51,665 | ) | (110,080 | ) | (18,964 | ) | (74,285 | ) | ||||||||
|
|
|
|
|
|
|
| |||||||||
Net increase (decrease) in net assets resulting from capital shares transactions | 110,496 | (17,895 | ) | (7,130 | ) | (61,309 | ) | |||||||||
|
|
|
|
|
|
|
| |||||||||
Net increase (decrease) in net assets | 121,307 | (41,986 | ) | 12,860 | (75,410 | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Net assets: | ||||||||||||||||
Beginning of period/year | 625,735 | 667,721 | 307,724 | 383,134 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
End of period/year | $ | 747,042 | $ | 625,735 | $ | 320,584 | $ | 307,724 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Undistributed (accumulated) net investment income (loss) | $ | (1,096 | ) | $ | 3,557 | $ | 886 | $ | 118 | |||||||
|
|
|
|
|
|
|
| |||||||||
Share activity: | ||||||||||||||||
Shares issued | 13,967 | 5,272 | 510 | 227 | ||||||||||||
Shares issued-reinvested from distributions | 1,508 | 3,654 | 39 | 353 | ||||||||||||
Shares redeemed | (4,945 | ) | (10,679 | ) | (908 | ) | (3,508 | ) | ||||||||
|
|
|
|
|
|
|
| |||||||||
Net increase (decrease) in shares outstanding | 10,530 | (1,753 | ) | (359 | ) | (2,928 | ) | |||||||||
|
|
|
|
|
|
|
|
(A) | Commenced operations on May 1, 2011. |
(B) | Net realized gain (loss) includes all items listed in the Statement of Operations. |
(C) | Change in unrealized appreciation (depreciation) includes all items listed in the Statement of Operations. |
(D) | Commenced operations on August 31, 2011. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 121 |
FINANCIAL HIGHLIGHTS
For the period or years ended:
For a share outstanding throughout each period | Transamerica Arbitrage Strategy | |||||||
April 30, 2012 (unaudited) | October 31, 2011(A) | |||||||
Net asset value | ||||||||
Beginning of period/year | $ | 10.25 | $ | 10.00 | ||||
|
|
|
| |||||
Investment operations | ||||||||
Net investment loss(B) | (0.06 | ) | (0.04 | ) | ||||
Net realized and change in unrealized gain on investments | 0.13 | 0.29 | ||||||
|
|
|
| |||||
Total from investment operations | 0.07 | 0.25 | ||||||
|
|
|
| |||||
Distributions | ||||||||
Net realized gains on investments | (0.09 | ) | — | |||||
|
|
|
| |||||
Total distributions | (0.09 | ) | — | |||||
|
|
|
| |||||
Net asset value | ||||||||
End of period/year | $ | 10.23 | $ | 10.25 | ||||
|
|
|
| |||||
Total return(C) | 0.68 | %(D) | 2.50 | %(D) | ||||
|
|
|
| |||||
Net assets end of period/year (000’s) | $ | 135,886 | $ | 124,208 | ||||
|
|
|
| |||||
Ratio and supplemental data | ||||||||
Expenses to average net assets: | ||||||||
After reimbursement/recapture (F) | 2.00 | %(E) | 1.55 | %(E) | ||||
Before reimbursement/recapture (F) | 2.05 | %(E) | 1.71 | %(E) | ||||
Net investment loss, to average net assets (F) | (1.23 | )%(E) | (0.78 | )%(E) | ||||
Portfolio turnover rate | 328 | %(D) | 311 | %(D) |
For a share outstanding throughout each period | Transamerica Bond | |||||||||||||||||||||||
April 30, 2012 (unaudited) | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | October 31, 2007(G) | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 10.61 | $ | 11.14 | $ | 9.93 | $ | 7.34 | $ | 10.19 | $ | 10.00 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(B) | 0.25 | 0.54 | 0.57 | 0.60 | 0.60 | 0.45 | ||||||||||||||||||
Net realized and change in unrealized gain (loss) on investments | 0.33 | (0.20 | ) | 1.23 | 2.61 | (2.88 | ) | (0.01 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total from investment operations | 0.58 | 0.34 | 1.80 | 3.21 | (2.28 | ) | 0.44 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.43 | ) | (0.68 | ) | (0.59 | ) | (0.57 | ) | (0.57 | ) | (0.25 | ) | ||||||||||||
Net realized gains on investments | (0.59 | ) | (0.19 | ) | — | (0.05 | ) | — | — | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total distributions | (1.02 | ) | (0.87 | ) | (0.59 | ) | (0.62 | ) | (0.57 | ) | (0.25 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 10.17 | $ | 10.61 | $ | 11.14 | $ | 9.93 | $ | 7.34 | $ | 10.19 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total return(C) | 6.30 | %(D) | 3.31 | % | 18.69 | % | 46.27 | % | (23.56 | )% | 4.50 | %(D) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets end of period/year (000’s) | $ | 508,041 | $ | 462,340 | $ | 594,220 | $ | 812,252 | $ | 577,368 | $ | 513,249 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets: | ||||||||||||||||||||||||
After reimbursement/recapture | 0.72 | %(E) | 0.71 | % | 0.70 | % | 0.69 | % | 0.69 | % | 0.73 | %(E) | ||||||||||||
Before reimbursement/recapture | 0.72 | %(E) | 0.71 | % | 0.70 | % | 0.69 | % | 0.69 | % | 0.73 | %(E) | ||||||||||||
Net investment income, to average net assets | 5.03 | %(E) | 4.98 | % | 5.49 | % | 7.22 | % | 6.34 | % | 5.42 | %(E) | ||||||||||||
Portfolio turnover rate | 16 | %(D) | 57 | % | 79 | % | 42 | % | 24 | % | 18 | %(D) |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 122 |
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
For a share outstanding throughout each period | Transamerica Core Bond | |||||||||||||||
April 30, 2012 | October 31, 2011 | October 31, 2010 | October 31, | |||||||||||||
(unaudited) | 2009(H) | |||||||||||||||
Net asset value | ||||||||||||||||
Beginning of period/year | $ | 10.60 | $ | 10.56 | $ | 10.08 | $ | 10.00 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Investment operations | ||||||||||||||||
Net investment income(B) | 0.16 | 0.32 | 0.28 | 0.07 | ||||||||||||
Net realized and change in unrealized gain on investments | 0.15 | 0.15 | 0.53 | 0.06 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total from investment operations | 0.31 | 0.47 | 0.81 | 0.13 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Distributions | ||||||||||||||||
Net investment income | (0.18 | ) | (0.36 | ) | (0.33 | ) | (0.05 | ) | ||||||||
Net realized gains on investments | — | (0.07 | ) | — | — | |||||||||||
|
|
|
|
|
|
|
| |||||||||
Total distributions | (0.18 | ) | (0.43 | ) | (0.33 | ) | (0.05 | ) | ||||||||
|
|
|
|
|
|
|
| |||||||||
Net asset value | ||||||||||||||||
End of period/year | $ | 10.73 | $ | 10.60 | $ | 10.56 | $ | 10.08 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Total return(C) | 3.00 | %(D) | 4.62 | % | 8.16 | % | 1.34 | %(D) | ||||||||
|
|
|
|
|
|
|
| |||||||||
Net assets end of period/year (000’s) | $ | 2,126,045 | $ | 2,208,783 | $ | 1,063,458 | $ | 215,816 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Ratio and supplemental data | ||||||||||||||||
Expenses to average net assets: | ||||||||||||||||
After reimbursement/recapture | 0.46 | %(E) | 0.48 | % | 0.50 | % | 0.55 | %(E) | ||||||||
Before reimbursement/recapture | 0.46 | %(E) | 0.48 | % | 0.50 | % | 0.55 | %(E) | ||||||||
Net investment income, to average net assets | 3.13 | %(E) | 3.04 | % | 2.73 | % | 2.15 | %(E) | ||||||||
Portfolio turnover rate | 14 | %(D) | 19 | % | 33 | % | 3 | %(D) |
Transamerica Developing Markets Debt | ||||||||||||||||||||||||
For a share outstanding throughout each period | April 30, 2012 (unaudited) | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | October 31, 2007 | ||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 10.75 | $ | 11.29 | $ | 10.23 | $ | 7.98 | $ | 11.23 | $ | 10.91 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(B) | 0.26 | 0.56 | 0.62 | 0.60 | 0.61 | 0.59 | ||||||||||||||||||
Net realized and change in unrealized gain (loss) on investments | 0.53 | (0.33 | ) | 1.07 | 2.18 | (2.72 | ) | 0.46 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total from investment operations | 0.79 | 0.23 | 1.69 | 2.78 | (2.11 | ) | 1.05 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.25 | ) | (0.51 | ) | (0.63 | ) | (0.53 | ) | (0.79 | ) | (0.63 | ) | ||||||||||||
Net realized gains on investments | (0.09 | ) | (0.26 | ) | — | — | (0.35 | ) | (0.10 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total distributions | (0.34 | ) | (0.77 | ) | (0.63 | ) | (0.53 | ) | (1.14 | ) | (0.73 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 11.20 | $ | 10.75 | $ | 11.29 | $ | 10.23 | $ | 7.98 | $ | 11.23 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total return(C) | 7.52 | %(D) | 2.36 | % | 17.16 | % | 36.29 | % | (20.81 | )% | 9.94 | % | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets end of period/year (000’s) | $ | 274,625 | $ | 310,377 | $ | 302,576 | $ | 382,618 | $ | 320,350 | $ | 317,328 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets: | ||||||||||||||||||||||||
After reimbursement/recapture | 1.01 | %(E) | 1.00 | % | 1.00 | % | 0.98 | % | 0.98 | % | 1.03 | % | ||||||||||||
Before reimbursement/recapture | 1.01 | %(E) | 1.00 | % | 1.00 | % | 0.98 | % | 0.98 | % | 1.03 | % | ||||||||||||
Net investment income, to average net assets | 4.78 | %(E) | 5.24 | % | 5.89 | % | 6.67 | % | 5.92 | % | 5.36 | % | ||||||||||||
Portfolio turnover rate | 22 | %(D) | 75 | % | 100 | % | 118 | % | 81 | % | 79 | % |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 123 |
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
For a share outstanding throughout each period | Transamerica Developing Markets Equity | |||||||||||||||||||||||
April 30, 2012 (unaudited) | October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||||||||||
2011 | 2010 | 2009 | 2008 | 2007 | ||||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 12.27 | $ | 13.34 | $ | 10.12 | $ | 8.20 | $ | 17.07 | $ | 11.41 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(B) | 0.02 | 0.08 | 0.05 | 0.06 | 0.19 | 0.12 | ||||||||||||||||||
Net realized and change in unrealized gain (loss) on investments | 0.56 | (1.11 | ) | 3.22 | 3.51 | (7.65 | ) | 5.99 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total from investment operations | 0.58 | (1.03 | ) | 3.27 | 3.57 | (7.46 | ) | 6.11 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.07 | ) | (0.04 | ) | (0.05 | ) | (0.16 | ) | (0.09 | ) | (0.06 | ) | ||||||||||||
Net realized gains on investments | (1.00 | ) | — | — | (1.49 | ) | (1.32 | ) | (0.39 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total distributions | (1.07 | ) | (0.04 | ) | (0.05 | ) | (1.65 | ) | (1.41 | ) | (0.45 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 11.78 | $ | 12.27 | $ | 13.34 | $ | 10.12 | $ | 8.20 | $ | 17.07 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total return(C) | 6.18 | %(D) | (7.77 | )% | 32.43 | % | 56.01 | % | (47.48 | )% | 55.27 | % | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets end of period/year (000’s) | $ | 471,785 | $ | 497,656 | $ | 610,212 | $ | 495,636 | $ | 317,973 | $ | 674,561 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets: | ||||||||||||||||||||||||
After reimbursement/recapture | 1.34 | %(E) | 1.31 | % | 1.31 | % | 1.35 | % | 1.32 | % | 1.34 | % | ||||||||||||
Before reimbursement/recapture | 1.34 | %(E) | 1.31 | % | 1.31 | % | 1.35 | % | 1.32 | % | 1.34 | % | ||||||||||||
Net investment income, to average net assets | 0.28 | %(E) | 0.58 | % | 0.48 | % | 0.77 | % | 1.42 | % | 0.87 | % | ||||||||||||
Portfolio turnover rate | 16 | %(D) | 40 | % | 54 | % | 50 | % | 67 | % | 59 | % |
For a share outstanding throughout each period | Transamerica Emerging Markets | |||||||||||||||||||
April 30, 2012 | October 31, | October 31, | October 31, | October 31, | ||||||||||||||||
(unaudited) | 2011 | 2010 | 2009 | 2008(I) | ||||||||||||||||
Net asset value | ||||||||||||||||||||
Beginning of period/year | $ | 11.74 | $ | 14.28 | $ | 12.06 | $ | 7.66 | $ | 10.00 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Investment operations | ||||||||||||||||||||
Net investment income(B) | 0.01 | 0.08 | 0.10 | 0.09 | — | (J) | ||||||||||||||
Net realized and change in unrealized gain (loss) on investments | 0.30 | (1.83 | ) | 2.41 | 4.31 | (2.34 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total from investment operations | 0.31 | (1.75 | ) | 2.51 | 4.40 | (2.34 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Distributions | ||||||||||||||||||||
Net investment income | (0.05 | ) | (0.01 | ) | (0.06 | ) | — | — | ||||||||||||
Net realized gains on investments | (0.83 | ) | (0.78 | ) | (0.23 | ) | — | — | ||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total distributions | (0.88 | ) | (0.79 | ) | (0.29 | ) | — | — | ||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net asset value | ||||||||||||||||||||
End of period/year | $ | 11.17 | $ | 11.74 | $ | 14.28 | $ | 12.06 | $ | 7.66 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total return(C) | 3.71 | %(D) | (13.03 | )% | 21.08 | % | 57.44 | % | (23.40 | )%(D) | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net assets end of period/year (000’s) | $ | 233,049 | $ | 339,661 | $ | 411,311 | $ | 178,592 | $ | 76,127 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Ratio and supplemental data | ||||||||||||||||||||
Expenses to average net assets: | ||||||||||||||||||||
After reimbursement/recapture | 1.40 | %(E) | 1.39 | % | 1.40 | % | 1.40 | % | 1.40 | %(E) | ||||||||||
Before reimbursement/recapture | 1.46 | %(E) | 1.36 | % | 1.40 | % | 1.43 | % | 2.26 | %(E) | ||||||||||
Net investment income, to average net assets | 0.13 | %(E) | 0.59 | % | 0.78 | % | 0.89 | % | 0.15 | %(E) | ||||||||||
Portfolio turnover rate | 61 | %(D) | 143 | % | 147 | % | 141 | % | 10 | %(D) |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 124 |
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
For a share outstanding throughout each period | Transamerica Global Macro | |||||||||||||||||||||||
April 30, 2012 | October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||||||||||
(unaudited) | 2011 | 2010 | 2009 | 2008 | 2007(G) | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 5.82 | $ | 6.12 | $ | 6.08 | $ | 8.60 | $ | 9.83 | $ | 10.00 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income (loss)(B) | (0.04 | ) | (0.09 | ) | (0.10 | ) | 0.02 | 0.18 | 0.09 | |||||||||||||||
Net realized and change in unrealized gain (loss) on investments | (0.03 | ) | (0.21 | ) | 0.14 | (0.04 | ) | (1.30 | ) | (0.26 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total from investment operations | (0.07 | ) | (0.30 | ) | 0.04 | (0.02 | ) | (1.12 | ) | (0.17 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | — | — | — | (0.03 | ) | (0.11 | ) | — | ||||||||||||||||
Net realized gains on investments | — | — | — | (2.40 | ) | — | — | |||||||||||||||||
Return of capital | — | — | — | (0.07 | ) | — | — | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total distributions | — | — | — | (2.50 | ) | (0.11 | ) | — | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 5.75 | $ | 5.82 | $ | 6.12 | $ | 6.08 | $ | 8.60 | $ | 9.83 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total return(C) | (1.20 | )%(D) | (4.90 | )% | 0.66 | % | 5.34 | % | (11.55 | )% | (1.70 | )%(D) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets end of period/year (000’s) | $ | 76,587 | $ | 137,551 | $ | 126,142 | $ | 107,017 | $ | 165,567 | $ | 209,382 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets: | ||||||||||||||||||||||||
After reimbursement/recapture | 1.44 | %(E) | 1.53 | % | 1.61 | % | 1.58 | % | 1.51 | % | 1.51 | %(E) | ||||||||||||
Before reimbursement/recapture | 1.44 | %(E) | 1.53 | % | 1.61 | % | 1.58 | % | 1.51 | % | 1.51 | %(E) | ||||||||||||
Net investment income (loss), to average net assets | (1.40 | )%(E) | (1.49 | )% | (1.56 | )% | 0.32 | % | 1.81 | % | 1.16 | %(E) | ||||||||||||
Portfolio turnover rate | — | % | — | % | — | % | 358 | % | 84 | % | 45 | %(D) | ||||||||||||
For a share outstanding throughout each period |
Transamerica Global Real Estate Securities | |||||||||||||||||||||||
April 30, 2012 | October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||||||||||
(unaudited) | 2011 | 2010 | 2009 | 2008 | 2007 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 11.64 | $ | 12.28 | $ | 10.77 | $ | 9.52 | $ | 20.48 | $ | 20.25 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(B) | 0.15 | 0.24 | 0.26 | 0.29 | 0.32 | 0.36 | ||||||||||||||||||
Net realized and change in unrealized gain (loss) on investments | 0.91 | (0.19 | ) | 1.98 | 1.15 | (8.33 | ) | 2.45 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total from investment operations | 1.06 | 0.05 | 2.24 | 1.44 | (8.01 | ) | 2.81 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.21 | ) | (0.69 | ) | (0.73 | ) | (0.19 | ) | (0.90 | ) | (0.80 | ) | ||||||||||||
Net realized gains on investments | — | — | — | — | (2.05 | ) | (1.78 | ) | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total distributions | (0.21 | ) | (0.69 | ) | (0.73 | ) | (0.19 | ) | (2.95 | ) | (2.58 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 12.49 | $ | 11.64 | $ | 12.28 | $ | 10.77 | $ | 9.52 | $ | 20.48 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total return(C) | 9.34 | %(D) | 0.51 | % | 21.70 | % | 15.72 | % | (44.82 | )% | 15.11 | % | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets end of period/year (000’s) | $ | 159,470 | $ | 147,057 | $ | 319,368 | $ | 285,502 | $ | 232,115 | $ | 367,750 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets: | ||||||||||||||||||||||||
After reimbursement/recapture | 0.97 | %(E) | 0.91 | % | 0.91 | % | 0.93 | % | 0.89 | % | 0.88 | % | ||||||||||||
Before reimbursement/recapture | 0.97 | %(E) | 0.91 | % | 0.91 | % | 0.93 | % | 0.89 | % | 0.88 | % | ||||||||||||
Net investment income, to average net assets | 2.68 | %(E) | 2.01 | % | 2.31 | % | 3.30 | % | 2.29 | % | 1.29 | % | ||||||||||||
Portfolio turnover rate | 28 | %(D) | 39 | % | 62 | % | 61 | % | 41 | % | 72 | % |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 125 |
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
For a share outstanding throughout each period | Transamerica Growth | |||||||||||||||||||||||
April 30, 2012 | October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||||||||||
(unaudited) | 2011 | 2010 | 2009 | 2008 | 2007 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 12.94 | $ | 11.78 | $ | 10.17 | $ | 8.37 | $ | 13.05 | $ | 11.40 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(B) | — | (J) | — | (J) | 0.01 | 0.01 | 0.02 | 0.03 | ||||||||||||||||
Net realized and change in unrealized gain (loss) on investments | 1.73 | 1.17 | 1.61 | 1.81 | (4.68 | ) | 2.08 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total from investment operations | 1.73 | 1.17 | 1.62 | 1.82 | (4.66 | ) | 2.11 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.01 | ) | (0.01 | ) | (0.01 | ) | (0.02 | ) | (0.02 | ) | — | |||||||||||||
Net realized gains on investments | (0.49 | ) | — | — | — | — | (0.46 | ) | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total distributions | (0.50 | ) | (0.01 | ) | (0.01 | ) | (0.02 | ) | (0.02 | ) | (0.46 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 14.17 | $ | 12.94 | $ | 11.78 | $ | 10.17 | $ | 8.37 | $ | 13.05 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total return(C) | 14.23 | %(D) | 9.96 | % | 15.96 | % | 21.79 | % | (35.77 | )% | 19.14 | % | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets end of period/year (000’s) | $ | 630,671 | $ | 618,767 | $ | 726,732 | $ | 654,610 | $ | 184,981 | $ | 160,815 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets: | ||||||||||||||||||||||||
After reimbursement/recapture | 0.83 | %(E) | 0.81 | % | 0.81 | % | 0.85 | % | 0.85 | % | 0.87 | % | ||||||||||||
Before reimbursement/recapture | 0.83 | %(E) | 0.81 | % | 0.81 | % | 0.85 | % | 0.85 | % | 0.87 | % | ||||||||||||
Net investment income, to average net assets | 0.07 | %(E) | 0.01 | % | 0.09 | % | 0.16 | % | 0.21 | % | 0.22 | % | ||||||||||||
Portfolio turnover rate | 24 | %(D) | 55 | % | 83 | % | 82 | % | 70 | % | 63 | % | ||||||||||||
For a share outstanding throughout each period |
Transamerica International | |||||||||||||||||||||||
April 30, 2012 | October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||||||||||
(unaudited) | 2011 | 2010 | 2009 | 2008 | 2007 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 8.50 | $ | 8.94 | $ | 7.57 | $ | 5.95 | $ | 13.55 | $ | 11.74 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(B) | 0.08 | 0.14 | 0.10 | 0.10 | 0.19 | 0.15 | ||||||||||||||||||
Net realized and change in unrealized gain (loss) on investments | 0.43 | (0.47 | ) | 1.34 | 1.69 | (6.63 | ) | 2.37 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total from investment operations | 0.51 | (0.33 | ) | 1.44 | 1.79 | (6.44 | ) | 2.52 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.15 | ) | (0.11 | ) | (0.07 | ) | (0.17 | ) | (0.13 | ) | (0.13 | ) | ||||||||||||
Net realized gains on investments | — | — | — | — | (1.03 | ) | (0.58 | ) | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total distributions | (0.15 | ) | (0.11 | ) | (0.07 | ) | (0.17 | ) | (1.16 | ) | (0.71 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 8.86 | $ | 8.50 | $ | 8.94 | $ | 7.57 | $ | 5.95 | $ | 13.55 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total return(C) | 6.25 | %(D) | (3.80 | )% | 19.16 | % | 30.83 | % | (51.66 | )% | 22.37 | % | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets end of period/year (000’s) | $ | 418,832 | $ | 359,646 | $ | 584,849 | $ | 485,803 | $ | 307,981 | $ | 596,488 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets: | ||||||||||||||||||||||||
After reimbursement/recapture | 1.10 | %(E) | 1.07 | % | 1.06 | % | 1.09 | % | 1.06 | % | 1.06 | % | ||||||||||||
Before reimbursement/recapture | 1.10 | %(E) | 1.07 | % | 1.06 | % | 1.09 | % | 1.06 | % | 1.06 | % | ||||||||||||
Net investment income, to average net assets | 1.89 | %(E) | 1.52 | % | 1.22 | % | 1.62 | % | 1.87 | % | 1.21 | % | ||||||||||||
Portfolio turnover rate | 23 | %(D) | 46 | % | 51 | % | 75 | % | 72 | % | 57 | % |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 126 |
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
For a share outstanding throughout each period | Transamerica International Equity Opportunities | |||||||||||||||||||
April 30, 2012 | October 31, | October 31, | October 31, | October 31, | ||||||||||||||||
(unaudited) | 2011 | 2010 | 2009 | 2008(K) | ||||||||||||||||
Net asset value | ||||||||||||||||||||
Beginning of period/year | $ | 8.34 | $ | 9.11 | $ | 8.16 | $ | 6.58 | $ | 10.00 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Investment operations | ||||||||||||||||||||
Net investment income(B) | 0.07 | 0.15 | 0.12 | 0.12 | 0.02 | |||||||||||||||
Net realized and change in unrealized gain (loss) on investments | 0.28 | (0.37 | ) | 1.09 | 1.46 | (3.44 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total from investment operations | 0.35 | (0.22 | ) | 1.21 | 1.58 | (3.42 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Distributions | ||||||||||||||||||||
Net investment income | (0.20 | ) | (0.10 | ) | (0.06 | ) | — | — | ||||||||||||
Net realized gains on investments | (1.15 | ) | (0.45 | ) | (0.20 | ) | — | — | ||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total distributions | (1.35 | ) | (0.55 | ) | (0.26 | ) | — | — | ||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net asset value | ||||||||||||||||||||
End of period/year | $ | 7.34 | $ | 8.34 | $ | 9.11 | $ | 8.16 | $ | 6.58 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total return(C) | 6.84 | %(D) | (2.69 | )% | 15.16 | % | 24.01 | % | (34.20 | )%(D) | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net assets end of period/year (000’s) | $ | 342,136 | $ | 353,694 | $ | 536,181 | $ | 396,754 | $ | 40,997 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Ratio and supplemental data | ||||||||||||||||||||
Expenses to average net assets: | ||||||||||||||||||||
After reimbursement/recapture | 1.02 | %(E) | 0.99 | % | 0.99 | % | 1.09 | % | 1.23 | %(E) | ||||||||||
Before reimbursement/recapture | 1.02 | %(E) | 0.99 | % | 0.99 | % | 1.09 | % | 1.23 | %(E) | ||||||||||
Net investment income, to average net assets | 1.81 | %(E) | 1.69 | % | 1.47 | % | 1.78 | % | 0.71 | %(E) | ||||||||||
Portfolio turnover rate | 7 | %(D) | 29 | % | 35 | % | 24 | % | 37 | %(D) | ||||||||||
For a share outstanding throughout each period |
Transamerica International Small Cap | |||||||||||||||||||
April 30, 2012 | October 31, | October 31, | October 31, | October 31, | ||||||||||||||||
(unaudited) | 2011 | 2010 | 2009 | 2008(L) | ||||||||||||||||
Net asset value | ||||||||||||||||||||
Beginning of period/year | $ | 9.00 | $ | 9.67 | $ | 8.22 | $ | 5.82 | $ | 10.00 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Investment operations | ||||||||||||||||||||
Net investment income(B) | 0.03 | 0.15 | 0.08 | 0.08 | 0.12 | |||||||||||||||
Net realized and change in unrealized gain (loss) on investments | 0.47 | (0.66 | ) | 1.42 | 2.41 | (4.30 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total from investment operations | 0.50 | (0.51 | ) | 1.50 | 2.49 | (4.18 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Distributions | ||||||||||||||||||||
Net investment income | (0.23 | ) | (0.11 | ) | (0.05 | ) | (0.09 | ) | — | |||||||||||
Net realized gains on investments | (1.09 | ) | (0.05 | ) | — | — | — | |||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total distributions | (1.32 | ) | (0.16 | ) | (0.05 | ) | (0.09 | ) | — | |||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net asset value | ||||||||||||||||||||
End of period/year | $ | 8.18 | $ | 9.00 | $ | 9.67 | $ | 8.22 | $ | 5.82 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total return(C) | 8.28 | %(D) | (5.39 | )% | 18.29 | % | 43.56 | % | (41.80 | )%(D) | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net assets end of period/year (000’s) | $ | 307,161 | $ | 330,358 | $ | 548,288 | $ | 543,673 | $ | 108,655 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Ratio and supplemental data | ||||||||||||||||||||
Expenses to average net assets: | ||||||||||||||||||||
After reimbursement/recapture | 1.23 | %(E) | 1.15 | % | 1.16 | % | 1.23 | % | 1.27 | %(E) | ||||||||||
Before reimbursement/recapture | 1.23 | %(E) | 1.15 | % | 1.16 | % | 1.21 | % | 1.30 | %(E) | ||||||||||
Net investment income, to average net assets | 0.87 | %(E) | 1.46 | % | 0.97 | % | 1.23 | % | 1.96 | %(E) | ||||||||||
Portfolio turnover rate | 11 | %(D) | 38 | % | 54 | % | 46 | % | 14 | %(D) |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 127 |
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
For a share outstanding throughout each period | Transamerica International Value | |||||||||||||||||||||||
April 30, 2012 | October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||||||||||
(unaudited) | 2011 | 2010 | 2009 | 2008 | 2007 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 6.88 | $ | 8.07 | $ | 7.79 | $ | 6.61 | $ | 14.88 | $ | 12.35 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(B) | 0.06 | 0.16 | 0.15 | 0.16 | 0.30 | 0.25 | ||||||||||||||||||
Net realized and change in unrealized gain (loss) on investments | 0.08 | (1.15 | ) | 0.29 | 1.37 | (7.43 | ) | 2.65 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total from investment operations | 0.14 | (0.99 | ) | 0.44 | 1.53 | (7.13 | ) | 2.90 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.23 | ) | (0.20 | ) | (0.16 | ) | (0.35 | ) | (0.21 | ) | (0.15 | ) | ||||||||||||
Net realized gains on investments | — | — | — | — | (0.93 | ) | (0.22 | ) | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total distributions | (0.23 | ) | (0.20 | ) | (0.16 | ) | (0.35 | ) | (1.14 | ) | (0.37 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 6.79 | $ | 6.88 | $ | 8.07 | $ | 7.79 | $ | 6.61 | $ | 14.88 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total return(C) | 2.52 | %(D) | (12.56 | )% | 5.61 | % | 24.32 | % | (51.72 | )% | 23.99 | % | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets end of period/year (000’s) | $ | 141,928 | $ | 156,600 | $ | 298,751 | $ | 316,068 | $ | 248,337 | $ | 519,217 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets: | ||||||||||||||||||||||||
After reimbursement/recapture | 1.05 | %(E) | 0.99 | % | 0.97 | % | 0.97 | % | 0.94 | % | 0.93 | % | ||||||||||||
Before reimbursement/recapture | 1.05 | %(E) | 0.99 | % | 0.97 | % | 0.97 | % | 0.94 | % | 0.93 | % | ||||||||||||
Net investment income, to average net assets | 1.85 | %(E) | 2.01 | % | 2.00 | % | 2.39 | % | 2.71 | % | 1.82 | % | ||||||||||||
Portfolio turnover rate | 13 | %(D) | 146 | % | 59 | % | 59 | % | 33 | % | 36 | % |
For a share outstanding throughout each period | Transamerica International Value Opportunities | |||||||||||||||||||
April 30, 2012 | October 31, | October 31, | October 31, | October 31, | ||||||||||||||||
(unaudited) | 2011 | 2010 | 2009 | 2008(M) | ||||||||||||||||
Net asset value | ||||||||||||||||||||
Beginning of period/year | $ | 10.30 | $ | 11.12 | $ | 9.69 | $ | 7.98 | $ | 10.00 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Investment operations | ||||||||||||||||||||
Net investment income(B) | 0.06 | 0.16 | 0.10 | 0.10 | — | (J) | ||||||||||||||
Net realized and change in unrealized gain (loss) on investments | 0.23 | (0.85 | ) | 1.42 | 1.66 | (2.02 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total from investment operations | 0.29 | (0.69 | ) | 1.52 | 1.76 | (2.02 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Distributions | ||||||||||||||||||||
Net investment income | (0.21 | ) | (0.06 | ) | (0.06 | ) | — | — | ||||||||||||
Net realized gains on investments | (1.47 | ) | (0.07 | ) | (0.03 | ) | (0.05 | ) | — | |||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total distributions | (1.68 | ) | (0.13 | ) | (0.09 | ) | (0.05 | ) | — | |||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net asset value | ||||||||||||||||||||
End of period/year | $ | 8.91 | $ | 10.30 | $ | 11.12 | $ | 9.69 | $ | 7.98 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total return(C) | 5.14 | %(D) | (6.31 | )% | 15.75 | % | 22.21 | % | (20.20 | )%(D) | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net assets end of period/year (000’s) | $ | 452,222 | $ | 448,438 | $ | 778,484 | $ | 591,539 | $ | 79,516 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Ratio and supplemental data | ||||||||||||||||||||
Expenses to average net assets: | ||||||||||||||||||||
After reimbursement/recapture | 1.14 | %(E) | 1.08 | % | 1.08 | % | 1.17 | % | 1.35 | %(E) | ||||||||||
Before reimbursement/recapture | 1.14 | %(E) | 1.08 | % | 1.08 | % | 1.15 | % | 1.76 | %(E) | ||||||||||
Net investment income (loss), to average net assets | 1.41 | %(E) | 1.41 | % | 0.97 | % | 1.14 | % | (0.18 | )%(E) | ||||||||||
Portfolio turnover rate | 10 | %(D) | 28 | % | 36 | % | 39 | % | 5 | %(D) |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 128 |
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
For a share outstanding throughout each period | Transamerica Large Cap Value | |||||||||||||||||||||||
April 30, 2012 | October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||||||||||
(unaudited) | 2011 | 2010 | 2009 | 2008 | 2007 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 8.88 | $ | 8.34 | $ | 7.81 | $ | 7.61 | $ | 13.08 | $ | 12.15 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(B) | 0.08 | 0.10 | 0.10 | 0.13 | 0.13 | 0.12 | ||||||||||||||||||
Net realized and change in unrealized gain (loss) on investments | 0.97 | 0.56 | 0.54 | 0.20 | (4.78 | ) | 1.27 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total from investment operations | 1.05 | 0.66 | 0.64 | 0.33 | (4.65 | ) | 1.39 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.12 | ) | (0.12 | ) | (0.11 | ) | (0.13 | ) | (0.09 | ) | (0.09 | ) | ||||||||||||
Net realized gains on investments | — | — | — | — | (0.73 | ) | (0.37 | ) | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total distributions | (0.12 | ) | (0.12 | ) | (0.11 | ) | (0.13 | ) | (0.82 | ) | (0.46 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 9.81 | $ | 8.88 | $ | 8.34 | $ | 7.81 | $ | 7.61 | $ | 13.08 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total return(C) | 11.97 | %(D) | 7.92 | % | 8.16 | % | 4.50 | % | (37.76 | )% | 11.80 | % | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets end of period/year (000’s) | $ | 566,869 | $ | 544,049 | $ | 702,205 | $ | 633,675 | $ | 461,816 | $ | 610,135 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets: | ||||||||||||||||||||||||
After reimbursement/ recapture | 0.84 | %(E) | 0.84 | % | 0.83 | % | 0.83 | % | 0.83 | % | 0.84 | % | ||||||||||||
Before reimbursement/ recapture | 0.84 | %(E) | 0.84 | % | 0.83 | % | 0.83 | % | 0.83 | % | 0.84 | % | ||||||||||||
Net investment income, to average net assets | 1.66 | %(E) | 1.05 | % | 1.21 | % | 1.87 | % | 1.21 | % | 0.96 | % | ||||||||||||
Portfolio turnover rate | 47 | %(D) | 100 | % | 124 | % | 130 | % | 71 | % | 69 | % | ||||||||||||
For a share outstanding throughout each period |
Transamerica Long/Short Strategy | |||||||||||||||||||||||
April 30, 2012 | October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||||||||||
(unaudited) | 2011 | 2010 | 2009 | 2008 | 2007(G) | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 7.86 | $ | 8.32 | $ | 8.43 | $ | 9.51 | $ | 9.78 | $ | 10.00 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income (loss)(B) | (0.04 | ) | (0.15 | ) | (0.13 | ) | (0.17 | ) | 0.10 | 0.23 | ||||||||||||||
Net realized and change in unrealized gain (loss) on investments | 0.17 | (0.31 | ) | 0.02 | (0.80 | ) | 0.20 | (0.45 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total from investment operations | 0.13 | (0.46 | ) | (0.11 | ) | (0.97 | ) | 0.30 | 0.22 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | — | — | — | — | (0.57 | ) | — | |||||||||||||||||
Return of capital | — | — | — | (0.11 | ) | — | — | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total distributions | — | — | — | (0.11 | ) | (0.57 | ) | — | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 7.99 | $ | 7.86 | $ | 8.32 | $ | 8.43 | $ | 9.51 | $ | 9.78 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total return(C) | 1.65 | %(D) | (5.53 | )% | (1.30 | )% | (10.27 | )% | 3.30 | % | (2.20 | )%(D) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets end of period/year (000’s) | $ | 75,653 | $ | 113,108 | $ | 108,342 | $ | 86,682 | $ | 121,348 | $ | 112,394 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets: | ||||||||||||||||||||||||
After reimbursement/ recapture(N) | 3.46 | %(E) | 3.59 | % | 2.85 | % | 3.61 | % | 2.79 | % | 3.05 | %(E) | ||||||||||||
Before reimbursement/ recapture(N) | 3.46 | %(E) | 3.59 | % | 2.85 | % | 3.61 | % | 2.79 | % | 3.05 | %(E) | ||||||||||||
Net investment income (loss), to average net assets(N) | (0.97 | )%(E) | (1.86 | )% | (1.61 | )% | (1.87 | )% | 1.05 | % | 2.77 | %(E) | ||||||||||||
Portfolio turnover rate | 108 | %(D) | 411 | % | 303 | % | 463 | % | 192 | % | 119 | %(D) |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 129 |
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
For a share outstanding throughout each period | Transamerica Mid Cap Value | |||||||||||||||||||||||
April 30, 2012 | October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||||||||||
(unaudited) | 2011 | 2010 | 2009 | 2008 | 2007 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 10.93 | $ | 10.17 | $ | 8.28 | $ | 7.54 | $ | 12.32 | $ | 11.67 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(B) | 0.07 | 0.11 | 0.12 | 0.15 | 0.13 | 0.13 | ||||||||||||||||||
Net realized and change in unrealized gain (loss) on investments | 1.46 | 0.79 | 1.93 | 0.82 | (4.20 | ) | 1.13 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total from investment operations | 1.53 | 0.90 | 2.05 | 0.97 | (4.07 | ) | 1.26 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.12 | ) | (0.14 | ) | (0.16 | ) | (0.17 | ) | (0.10 | ) | (0.11 | ) | ||||||||||||
Net realized gains on investments | — | — | — | (0.06 | ) | (0.61 | ) | (0.50 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total distributions | (0.12 | ) | (0.14 | ) | (0.16 | ) | (0.23 | ) | (0.71 | ) | (0.61 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 12.34 | $ | 10.93 | $ | 10.17 | $ | 8.28 | $ | 7.54 | $ | 12.32 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total return(C) | 14.19 | %(D) | 8.88 | % | 25.08 | % | 13.39 | % | (34.92 | )% | 11.07 | % | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets end of period/year (000’s) | $ | 177,751 | $ | 158,344 | $ | 163,612 | $ | 165,838 | $ | 147,772 | $ | 270,661 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets: | ||||||||||||||||||||||||
After reimbursement/recapture | 0.90 | %(E) | 0.90 | % | 0.89 | % | 0.90 | % | 0.87 | % | 0.87 | % | ||||||||||||
Before reimbursement/recapture | 0.90 | %(E) | 0.90 | % | 0.89 | % | 0.90 | % | 0.87 | % | 0.87 | % | ||||||||||||
Net investment income, to average net assets | 1.31 | %(E) | 1.04 | % | 1.33 | % | 2.05 | % | 1.22 | % | 0.98 | % | ||||||||||||
Portfolio turnover rate | 20 | %(D) | 39 | % | 29 | % | 43 | % | 45 | % | 50 | % | ||||||||||||
For a share outstanding throughout each period |
Transamerica Real Return TIPS | |||||||||||||||||||||||
April 30, 2012 | October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||||||||||
(unaudited) | 2011 | 2010 | 2009 | 2008 | 2007 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 11.45 | $ | 11.61 | $ | 10.72 | $ | 9.21 | $ | 10.21 | $ | 10.05 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(B) | 0.06 | 0.37 | 0.25 | 0.32 | 0.47 | 0.38 | ||||||||||||||||||
Net realized and change in unrealized gain (loss) on investments | 0.40 | 0.27 | 1.04 | 1.58 | (0.96 | ) | 0.16 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total from investment operations | 0.46 | 0.64 | 1.29 | 1.90 | (0.49 | ) | 0.54 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.07 | ) | (0.37 | ) | (0.40 | ) | (0.33 | ) | (0.51 | ) | (0.38 | ) | ||||||||||||
Net realized gains on investments | (0.54 | ) | (0.43 | ) | — | (0.06 | ) | — | — | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total distributions | (0.61 | ) | (0.80 | ) | (0.40 | ) | (0.39 | ) | (0.51 | ) | (0.38 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 11.30 | $ | 11.45 | $ | 11.61 | $ | 10.72 | $ | 9.21 | $ | 10.21 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total return(C) | 4.21 | %(D) | 6.23 | % | 12.40 | % | 21.00 | % | (5.29 | )% | 5.54 | % | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets end of period/year (000’s) | $ | 915,326 | $ | 971,634 | $ | 845,965 | $ | 752,723 | $ | 621,092 | $ | 690,942 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets: | ||||||||||||||||||||||||
After reimbursement/recapture | 0.72 | %(E) | 0.73 | % | 0.72 | % | 0.74 | % | 0.74 | % | 0.73 | % | ||||||||||||
Before reimbursement/recapture | 0.72 | %(E) | 0.73 | % | 0.72 | % | 0.74 | % | 0.74 | % | 0.73 | % | ||||||||||||
Net investment income, to average net assets | 1.09 | %(E) | 3.35 | % | 2.32 | % | 3.23 | % | 4.47 | % | 3.82 | % | ||||||||||||
Portfolio turnover rate | 93 | %(D) | 213 | % | 307 | % | 583 | % | 1,028 | % | 375 | % |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 130 |
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
For a share outstanding throughout each period | Transamerica Select Equity | |||||||
April 30, 2012 | October 31, | |||||||
(unaudited) | 2011(O) | |||||||
Net asset value | ||||||||
Beginning of period/year | $ | 10.22 | $ | 10.00 | ||||
|
|
|
| |||||
Investment operations | ||||||||
Net investment income(B) | 0.11 | 0.01 | ||||||
Net realized and change in unrealized gain on investments | 1.14 | 0.21 | ||||||
|
|
|
| |||||
Total from investment operations | 1.25 | 0.22 | ||||||
|
|
|
| |||||
Distributions | ||||||||
Net investment income | (0.11 | ) | — | (J) | ||||
Net asset value | ||||||||
End of period/year | $ | 11.36 | $ | 10.22 | ||||
|
|
|
| |||||
Total return(C) | 12.28 | %(D) | 2.31 | %(D) | ||||
|
|
|
| |||||
Net assets end of period/year (000’s) | $ | 1,268,266 | $ | 936,279 | ||||
|
|
|
| |||||
Ratio and supplemental data | ||||||||
Expenses to average net assets: | ||||||||
After reimbursement/recapture | 0.77 | %(E) | 0.83 | %(E) | ||||
Before reimbursement/recapture | 0.77 | %(E) | 0.83 | %(E) | ||||
Net investment income, to average net assets | 1.94 | %(E) | 0.83 | %(E) | ||||
Portfolio turnover rate | 29 | %(D) | 6 | %(D) |
For a share outstanding throughout each period | Transamerica Small- & Mid-Cap Value Select | |||||||||||||||||||||||
April 30, 2012 (unaudited) | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | October 31, 2007 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 9.54 | $ | 9.33 | $ | 7.72 | $ | 6.30 | $ | 13.18 | $ | 10.94 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(B) | 0.03 | 0.04 | 0.02 | 0.03 | 0.04 | — | ||||||||||||||||||
Net realized and change in unrealized gain (loss) on investments | 0.39 | 0.18 | 1.63 | 1.41 | (5.98 | ) | 2.44 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total from investment operations | 0.42 | 0.22 | 1.65 | 1.44 | (5.94 | ) | 2.44 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.05 | ) | (0.01 | ) | (0.04 | ) | (0.02 | ) | — | (J) | (0.02 | ) | ||||||||||||
Net realized gains on investments | (0.43 | ) | — | — | — | (0.94 | ) | (0.18 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
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|
| |||||||||||||
Total distributions | (0.48 | ) | (0.01 | ) | (0.04 | ) | (0.02 | ) | (0.94 | ) | (0.20 | ) | ||||||||||||
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| |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 9.48 | $ | 9.54 | $ | 9.33 | $ | 7.72 | $ | 6.30 | $ | 13.18 | ||||||||||||
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|
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|
| |||||||||||||
Total return(C) | 4.87 | %(D) | 2.39 | % | 21.44 | % | 22.99 | % | (48.36 | )% | 22.57 | % | ||||||||||||
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| |||||||||||||
Net assets end of period/year (000’s) | $ | 183,209 | $ | 258,536 | $ | 299,225 | $ | 269,281 | $ | 127,886 | $ | 183,126 | ||||||||||||
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| |||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets: | ||||||||||||||||||||||||
After reimbursement/recapture | 0.98 | %(E) | 0.96 | % | 0.96 | % | 0.98 | % | 1.00 | % | 1.03 | % | ||||||||||||
Before reimbursement/recapture | 0.98 | %(E) | 0.96 | % | 0.96 | % | 0.98 | % | 1.00 | % | 1.02 | % | ||||||||||||
Net investment income, to average net assets | 0.59 | %(E) | 0.44 | % | 0.19 | % | 0.43 | % | 0.34 | % | — | % | ||||||||||||
Portfolio turnover rate | 45 | %(D) | 108 | % | 81 | % | 110 | % | 102 | % | 118 | % |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 131 |
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
For a share outstanding throughout each period | Transamerica Small Company Growth | |||||||||||||||||||||||
April 30, 2012 (unaudited) | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | October 31, 2007 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 11.53 | $ | 10.94 | $ | 8.82 | $ | 7.39 | $ | 14.14 | $ | 12.78 | ||||||||||||
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| |||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income (loss)(B) | 0.05 | 0.04 | — | (J) | (0.02 | ) | 0.10 | 0.02 | ||||||||||||||||
Net realized and change in unrealized gain (loss) on investments | 0.79 | 0.59 | 2.12 | 1.62 | (5.50 | ) | 1.81 | |||||||||||||||||
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| |||||||||||||
Total from investment operations | 0.84 | 0.63 | 2.12 | 1.60 | (5.40 | ) | 1.83 | |||||||||||||||||
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Distributions | �� | |||||||||||||||||||||||
Net investment income | — | (0.04 | ) | — | (0.15 | ) | (0.02 | ) | — | |||||||||||||||
Net realized gains on investments | — | — | — | — | (1.33 | ) | (0.47 | ) | ||||||||||||||||
Return of capital | — | — | — | (0.02 | ) | — | — | |||||||||||||||||
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| |||||||||||||
Total distributions | — | (0.04 | ) | — | (0.17 | ) | (1.35 | ) | (0.47 | ) | ||||||||||||||
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| |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 12.37 | $ | 11.53 | $ | 10.94 | $ | 8.82 | $ | 7.39 | $ | 14.14 | ||||||||||||
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| |||||||||||||
Total return(C) | 7.29 | %(D) | 5.71 | % | 24.04 | % | 22.43 | % | (41.72 | )% | 14.75 | % | ||||||||||||
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| |||||||||||||
Net assets end of period/year (000’s) | $ | 232,867 | $ | 178,417 | $ | 181,460 | $ | 129,889 | $ | 61,214 | $ | 188,347 | ||||||||||||
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| |||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets: | ||||||||||||||||||||||||
After reimbursement/recapture | 1.02 | %(E) | 1.02 | % | 1.02 | % | 1.04 | % | 1.02 | % | 1.01 | % | ||||||||||||
Before reimbursement/recapture | 1.02 | %(E) | 1.02 | % | 1.02 | % | 1.04 | % | 1.02 | % | 1.01 | % | ||||||||||||
Net investment income (loss), to average net assets | 0.84 | %(E) | 0.29 | % | (0.02 | )% | (0.19 | )% | 0.89 | % | 0.13 | % | ||||||||||||
Portfolio turnover rate | 9 | %(D) | 34 | % | 21 | % | 40 | % | 44 | % | 71 | % | ||||||||||||
For a share outstanding throughout each period | Transamerica Total Return | |||||||||||||||||||||||
April 30, 2012 (unaudited) | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | October 31, 2007 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 10.42 | $ | 10.80 | $ | 10.85 | $ | 9.58 | $ | 10.47 | $ | 10.28 | ||||||||||||
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| |||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(B) | 0.14 | 0.30 | 0.35 | 0.49 | 0.49 | 0.46 | ||||||||||||||||||
Net realized and change in unrealized gain (loss) on investments | 0.28 | (0.07 | ) | 0.67 | 1.64 | (0.88 | ) | 0.18 | ||||||||||||||||
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| |||||||||||||
Total from investment operations | 0.42 | 0.23 | 1.02 | 2.13 | (0.39 | ) | 0.64 | |||||||||||||||||
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| |||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.22 | ) | (0.30 | ) | (0.34 | ) | (0.67 | ) | (0.44 | ) | (0.44 | ) | ||||||||||||
Net realized gains on investments | (0.04 | ) | (0.31 | ) | (0.73 | ) | (0.19 | ) | (0.06 | ) | (0.01 | ) | ||||||||||||
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| |||||||||||||
Total distributions | (0.26 | ) | (0.61 | ) | (1.07 | ) | (0.86 | ) | (0.50 | ) | (0.45 | ) | ||||||||||||
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| |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 10.58 | $ | 10.42 | $ | 10.80 | $ | 10.85 | $ | 9.58 | $ | 10.47 | ||||||||||||
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| |||||||||||||
Total return(C) | 4.09 | %(D) | 2.45 | % | 10.25 | % | 23.74 | % | (4.04 | )% | 6.33 | % | ||||||||||||
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| |||||||||||||
Net assets end of period/year (000’s) | $ | 747,042 | $ | 625,735 | $ | 667,721 | $ | 505,329 | $ | 555,428 | $ | 540,310 | ||||||||||||
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| |||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets: | ||||||||||||||||||||||||
After reimbursement/recapture | 0.74 | %(E) | 0.74 | % | 0.74 | % | 0.74 | % | 0.75 | % | 0.75 | % | ||||||||||||
Before reimbursement/recapture | 0.74 | %(E) | 0.74 | % | 0.74 | % | 0.74 | % | 0.75 | % | 0.75 | % | ||||||||||||
Net investment income, to average net assets | 2.66 | %(E) | 2.92 | % | 3.30 | % | 4.95 | % | 4.66 | % | 4.39 | % | ||||||||||||
Portfolio turnover rate | 58 | %(D) | 144 | % | 222 | % | 841 | % | 751 | % | 756 | % |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 132 |
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
For a share outstanding throughout each period | Transamerica Value | |||||||||||||||||||||||
April 30, 2012 (unaudited) | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | October 31, 2007(P) | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 20.74 | $ | 21.56 | $ | 18.44 | $ | 16.93 | $ | 28.93 | $ | 28.01 | ||||||||||||
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| |||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(B) | 0.10 | 0.24 | 0.19 | 0.15 | 0.24 | 0.14 | ||||||||||||||||||
Net realized and change in unrealized gain (loss) on investments | 1.35 | (0.62 | ) | 3.20 | 1.36 | (11.45 | ) | 0.78 | ||||||||||||||||
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| |||||||||||||
Total from investment operations | 1.45 | (0.38 | ) | 3.39 | 1.51 | (11.21 | ) | 0.92 | ||||||||||||||||
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Distributions | ||||||||||||||||||||||||
Net investment income | (0.05 | ) | (0.44 | ) | (0.27 | ) | — | (0.42 | ) | — | ||||||||||||||
Net realized gains on investments | — | — | — | — | (0.37 | ) | — | |||||||||||||||||
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| |||||||||||||
Total distributions | (0.05 | ) | (0.44 | ) | (0.27 | ) | — | (0.79 | ) | — | ||||||||||||||
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Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 22.14 | $ | 20.74 | $ | 21.56 | $ | 18.44 | $ | 16.93 | $ | 28.93 | ||||||||||||
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| |||||||||||||
Total return(C) | 7.03 | %(D) | (1.87 | )% | 18.53 | % | 8.92 | % | (39.75 | )% | 3.28 | %(D) | ||||||||||||
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| |||||||||||||
Net assets end of period/year (000’s) | $ | 320,584 | $ | 307,724 | $ | 383,134 | $ | 423,550 | $ | 336,845 | $ | 678,578 | ||||||||||||
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| |||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets: | ||||||||||||||||||||||||
After reimbursement/recapture | 0.88 | %(E) | 0.87 | % | 0.87 | % | 0.87 | % | 0.86 | % | 0.86 | %(E) | ||||||||||||
Before reimbursement/recapture | 0.88 | %(E) | 0.87 | % | 0.87 | % | 0.87 | % | 0.86 | % | 0.86 | %(E) | ||||||||||||
Net investment income, to average net assets | 0.99 | %(E) | 1.06 | % | 0.98 | % | 0.91 | % | 1.00 | % | 0.98 | %(E) | ||||||||||||
Portfolio turnover rate | 8 | %(D) | 4 | % | — | %(Q) | 17 | % | 29 | % | 11 | %(D) |
(A) | Commenced operations on May 1, 2011. |
(B) | Calculated based on average number of shares outstanding. |
(C) | Total return has been calculated for the applicable period without deduction of a sales load, if any, on an initial purchase. |
(D) | Not annualized. |
(E) | Annualized. |
(F) | Includes dividends and interest on securities sold short (representing 0.75% and 0.30% of average net assets for 2012 and 2011, respectively). |
(G) | Commenced operations on January 3, 2007. |
(H) | Commenced operations on July 1, 2009. |
(I) | Commenced operations on September 30, 2008. |
(J) | Rounds to less than $0.01 or $(0.01). |
(K) | Commenced operations on June 10, 2008. |
(L) | Commenced operations on March 1, 2008. |
(M) | Commenced operations on September 15, 2008. |
(N) | Includes dividends and interest on securities sold short (representing 2.05%, 2.17%, 1.35%, 2.09%, 1.30%, and 1.56% of average net assets for 2012, 2011, 2010, 2009, 2008 and 2007, respectively). |
(O) | Commenced operations on August 31, 2011. |
(P) | Commenced operations on May 1, 2007. |
(Q) | Rounds to less than 1%. |
Note: Prior to November 1, 2009, all of the financial highlights were audited by another independent registered public accounting firm.
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 133 |
Understanding Your Funds’ Expenses
(unaudited)
SHAREHOLDER EXPENSES
Fund shareholders may incur two types of costs: (1) transaction costs, including sales charges (loads) on purchases, contingent deferred sales charges on redemptions; and (2) ongoing costs, including management fees, dividend expense on short-sales, and other fund expenses.
The following examples are intended to help you understand your ongoing costs (in dollars and cents) of investing in the funds and to compare these costs with the ongoing costs of investing in other funds.
The examples are based on an investment of $1,000 invested at November 1, 2011 and held for the entire period until April 30, 2012.
ACTUAL EXPENSES
The information in the table under the heading “Actual Expenses” provides information about actual account values and actual expenses. You may use the information in these columns, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = $8.60), then multiply the result by the number in the appropriate column for your share class titled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.
HYPOTHETICAL EXAMPLES FOR COMPARISON PURPOSES
The information in the table under the heading “Hypothetical Expenses” provides information about hypothetical account values and hypothetical expenses based on the funds’ actual expense ratios and an assumed rate of return of 5% per year before expenses, which are not the funds’ actual returns. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the funds versus other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.
Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs. Therefore, the information under the heading “Hypothetical Expenses” is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.
Expense ratios may vary period to period because of various factors, such as an increase in expenses that are not a part of the advisory and administrative fees. Examples of such expenses are fees and expenses of trustees and their counsel, extraordinary expenses and interest expense.
Actual Expenses | Hypothetical Expenses(A) | |||||||||||||||||||||||
Fund Name(B) | Beginning Account Value | Ending Account Value | Expenses Paid During Period(C) | Ending Account Value | Expenses Paid During Period(C) | Annualized Expense Ratio | ||||||||||||||||||
Transamerica Commodity Strategy | $ | 1,000.00 | $ | 936.20 | $ | 3.37 | $ | 1,021.38 | $ | 3.52 | 0.70 | % | ||||||||||||
Transamerica Global Allocation | 1,000.00 | 1,039.60 | 4.67 | 1,020.29 | 4.62 | 0.92 | ||||||||||||||||||
Transamerica Managed Futures Strategy | 1,000.00 | 1,007.40 | 6.84 | 1,018.15 | 6.87 | 1.37 |
(A) | 5% return per year before expenses. |
(B) | See the notes to the financial statements for information regarding name changes for the funds. |
(C) | Expenses are calculated using the fund’s annualized expense ratio (as disclosed in the table), multiplied by the average account value for the period, multiplied by the number of days in the period (182 days), and divided by the number of days in the year (366 days). |
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 134 |
Consolidated Schedules of Investments Composition
At April 30, 2012
(The following charts summarize the Consolidated Schedules of Investments of the Funds by asset type)
(unaudited)
Transamerica Commodity Strategy | % of Net Assets | |||
Short-Term U.S. Government Obligations | 61.8 | % | ||
Repurchase Agreement | 26.6 | |||
Other Assets and Liabilities—Net(A) | 11.6 | |||
|
| |||
Total | 100.0 | % | ||
|
|
Transamerica Global Allocation | % of Net Assets | |||
Common Stocks | 59.5 | % | ||
Short-Term U.S. Government Obligations | 13.8 | |||
Securities Lending Collateral | 10.8 | |||
Foreign Government Obligations | 8.2 | |||
U.S. Government Obligations | 7.3 | |||
Convertible Bonds | 3.0 | |||
Corporate Debt Securities | 3.0 | |||
Investment Companies | 2.1 | |||
Short-Term Foreign Government Obligations | 1.9 | |||
Preferred Stocks | 0.9 | |||
Convertible Preferred Stocks | 0.7 | |||
Loan Assignments | 0.3 | |||
Repurchase Agreement | 0.2 | |||
Purchased Options | 0.2 | |||
Asset-Backed Security | 0.1 | |||
Mortgage-Backed Security | 0.1 | |||
Right | 0.0 | * | ||
Warrants | 0.0 | * | ||
Preferred Corporate Debt Securities | 0.0 | * | ||
Other Assets and Liabilities—Net(A) | (12.1 | ) | ||
|
| |||
Total | 100.0 | % | ||
|
|
Transamerica Managed Futures Strategy | % of Net Assets | |||
Investment Companies | 83.7 | % | ||
Other Assets and Liabilities—Net(A) | 16.3 | |||
|
| |||
Total | 100.0 | % | ||
|
|
(A) | The Other Assets and Liabilities—Net category may include, but is not limited to, Forward Currency Contracts, Futures Contracts, Swap Agreements, Written Options and Swaptions, Securities Sold Short, and Cash Collateral. |
* | Rounds to less than 0.1%. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 135 |
Transamerica Commodity Strategy
(formerly, Transamerica Goldman Sachs Commodity Strategy)
CONSOLIDATED SCHEDULE OF INVESTMENTS
At April 30, 2012
(unaudited)
Principal (000’s) | Value (000’s) | |||||||
SHORT-TERM U.S. GOVERNMENT OBLIGATIONS—61.8% |
| |||||||
U.S. Treasury Bill | ||||||||
0.06%, 06/28/2012 p | $ | 35,000 | $ | 34,997 | ||||
0.07%, 05/31/2012 p | 35,000 | 34,998 | ||||||
0.08%, 05/24/2012 p | 35,000 | 34,999 | ||||||
|
| |||||||
Total Short-Term U.S. Government Obligations | 104,994 | |||||||
|
| |||||||
REPURCHASE AGREEMENT—26.6% | ||||||||
State Street Bank & Trust Co. | ||||||||
0.03% p, dated 04/30/2012, to be repurchased at $45,318 on 05/01/2012. Collateralized by U.S. Government Agency Obligations, 2.26%—3.00%, due 12/01/2026—04/01/2034, and with a total value of $46,231. | 45,318 | 45,318 | ||||||
Total Repurchase Agreement | ||||||||
|
| |||||||
Total Investment Securities (cost $150,312)Õ | 150,312 | |||||||
Other Assets and Liabilities—Net | 19,774 | |||||||
|
| |||||||
Net Assets | $ | 170,086 | ||||||
|
|
SWAP AGREEMENTS: b
TOTAL RETURN SWAP AGREEMENTS—RECEIVABLE: (A)
Reference Entity | Fixed Rate | Termination Date | Counterparty | Notional Amount (000’s) | Market Value (000’s) | Premiums Paid (Received) (000’s) | Net Unrealized Appreciation (Depreciation) (000’s) | |||||||||||||||||||
Dow Jones-UBS Commodity | ||||||||||||||||||||||||||
Index 3 Month Forward § | 0.25 | % | 06/29/2012 | MLP | $ | 40,645 | $ | (u | ) | $ | — | $ | (u | ) | ||||||||||||
Dow Jones-UBS Commodity | ||||||||||||||||||||||||||
Index 3 Month Forward § | 0.25 | 01/29/2013 | UBS | 31,573 | (u | ) | — | (u | ) | |||||||||||||||||
Dow Jones-UBS Commodity | ||||||||||||||||||||||||||
Index 3 Month Forward § | 0.25 | 01/29/2013 | UBS | 41,104 | u | — | u | |||||||||||||||||||
Dow Jones-UBS Commodity | ||||||||||||||||||||||||||
Index 3 Month Forward | ||||||||||||||||||||||||||
Excess Return § | 0.25 | 06/29/2012 | MLP | 50,095 | (u | ) | — | (u | ) | |||||||||||||||||
Dow Jones-UBS Commodity | ||||||||||||||||||||||||||
Index Excess Return § | 0.14 | 04/22/2013 | UBS | 7,157 | u | — | u | |||||||||||||||||||
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| |||||||||||||||||||||
$ | (u | ) | $ | — | $ | (u | ) | |||||||||||||||||||
|
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|
|
Collateral (Received) Pledged for OTC Financial Derivative Instruments
The following is a summary by counterparty of the market value of OTC financial derivative instruments and collateral (received)/pledged as of 04/30/2012:
Counterparty | Total Market Value of OTC Derivatives (000’s) | Collateral (Received)/Pledged (000’s) | Net Exposures (1) (000’s) | |||||||||
MLP | $ | (u | ) | $ | 10,030 | $ | 10,030 | |||||
UBS | u | 11,490 | 11,490 |
(1) | Net exposure represents the net receivable/(payable) that would be due from/to the counterparty in the event of default. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 136 |
Transamerica Commodity Strategy
(formerly, Transamerica Goldman Sachs Commodity Strategy)
CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
NOTES TO SCHEDULE OF INVESTMENTS (all amounts in thousands):
p | Rate shown reflects the yield at 04/30/2012. |
Õ | Aggregate cost for federal income tax purposes is $150,312. |
b | Cash, in the amount of $21,520, has been segregated by the custodian for the benefit of the broker for open swap contracts. |
(A) | At the termination date, a net cash flow is exchanged where the total return is equivalent to the return of the reference index less a financing rate, if any. As a receiver, the fund would receive payments based on any positive total return and would owe payments in the event of a negative total return. As the payer, the fund would owe payments on any net positive total return, and would receive payment in the event of a negative total return. |
§ | Illiquid. These securities aggregated to less than $1, or less than 0.01% of the fund’s net assets. |
u | Amount is less than 1. |
DEFINITIONS:
MLP | Merrill Lynch & Co., Inc. |
OTC | Over the Counter |
UBS | UBS Warburg LLC |
VALUATION SUMMARY (all amounts in thousands): '
Investment Securities | Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Value at 04/30/2012 | ||||||||||||
Repurchase Agreement | $ | — | $ | 45,318 | $ | — | $ | 45,318 | ||||||||
Short-Term U.S. Government Obligations | — | 104,994 | — | 104,994 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total | $ | — | $ | 150,312 | $ | — | $ | 150,312 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Other Financial Instruments ₣ | Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Value at 04/30/2012 | ||||||||||||
Total Return Swap- Appreciation | $ | — | $ | u | $ | — | $ | u | ||||||||
Total Return Swap - Depreciation | — | (u | ) | — | (u | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Total | $ | — | $ | (u | ) | $ | — | $ | (u | ) | ||||||
|
|
|
|
|
|
|
|
' | See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
₣ | Other financial instruments are derivative instruments that are valued at unrealized appreciation (depreciation) on the instrument. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 137 |
Transamerica Global Allocation
(formerly, Transamerica BlackRock Global Allocation)
CONSOLIDATED SCHEDULE OF INVESTMENTS
At April 30, 2012
(unaudited)
Principal (000’s) | Value (000’s) | |||||||
U.S. GOVERNMENT OBLIGATIONS—7.3% |
| |||||||
United States—7.3% |
| |||||||
U.S. Treasury Note | $ | 517 | $ | 518 | ||||
0.88%, 01/31/2017 ^ | 678 | 681 | ||||||
1.00%, 03/31/2017 ^ | 940 | 950 | ||||||
1.25%, 01/31/2019 ^ | 270 | 270 | ||||||
1.38%, 09/30/2018 | 2,397 | 2,427 | ||||||
1.75%, 10/31/2018 | 270 | 279 | ||||||
2.00%, 02/15/2022 ^ | 687 | 692 | ||||||
2.25%, 01/31/2015 g | 598 | 628 | ||||||
2.25%, 03/31/2016 ^ | 4,478 | 4,769 | ||||||
2.38%, 02/28/2015 | 3,262 | 3,444 | ||||||
2.50%, 03/31/2015 | 3,897 | 4,134 | ||||||
2.63%, 08/15/2020 | 5,156 | 5,565 | ||||||
3.50%, 05/15/2020 a | 7,319 | 8,412 | ||||||
|
| |||||||
Total U.S. Government Obligations (cost $30,816) |
| 32,769 | ||||||
|
| |||||||
FOREIGN GOVERNMENT OBLIGATIONS—8.2% |
| |||||||
Australia—1.6% |
| |||||||
Australia Government Bond | AUD | 1,453 | 1,524 | |||||
5.50%, 12/15/2013 ^ | 1,200 | 1,299 | ||||||
5.50%, 04/21/2023 | 1,101 | 1,324 | ||||||
5.75%, 05/15/2021— 07/15/2022 | 2,430 | 2,957 | ||||||
Brazil—1.4% | ||||||||
Brazil Notas do Tesouro Nacional | BRL | 913 | 1,091 | |||||
10.00%, 01/01/2017— 01/01/2021 | 10,344 | 5,335 | ||||||
Canada—0.4% | ||||||||
Canadian Government Bond | CAD | 810 | 815 | |||||
3.50%, 06/01/2020 | 586 | 662 | ||||||
4.00%, 06/01/2016 | 488 | 541 | ||||||
Germany—2.0% | ||||||||
Bundesrepublik Deutschland | EUR | 2,546 | 3,923 | |||||
4.25%, 07/04/2017 | 3,234 | 5,054 | ||||||
Hong Kong—0.4% | ||||||||
Hong Kong Government Bond | HKD | 1,550 | 205 | |||||
1.69%, 12/22/2014 | 2,100 | 280 | ||||||
2.03%, 03/18/2013 | 4,150 | 544 | ||||||
3.51%, 12/08/2014 | 4,200 | 586 | ||||||
4.13%, 02/22/2013 | 2,650 | 353 | ||||||
Malaysia—0.5% | ||||||||
Malaysia Government Bond | MYR | 5,443 | 1,796 | |||||
Republic of Malaysia | 1,617 | 537 | ||||||
Netherlands—0.1% | ||||||||
Netherlands Government Bond | $ | 545 | 535 | |||||
Poland—0.2% | ||||||||
Poland Government Bond | PLN | 2,291 | 755 | |||||
Poland Government International Bond | $ | 127 | 136 | |||||
United Kingdom—1.6% | ||||||||
United Kingdom Gilt | GBP | 419 | 768 |
Principal (000’s) | Value (000’s) | |||||||
United Kingdom (continued) |
| |||||||
United Kingdom Gilt (continued) |
| |||||||
4.75%, 03/07/2020 | GBP | 2,853 | $ | 5,665 | ||||
Vietnam—0.0% ¥ | ||||||||
Socialist Republic of Vietnam—Reg S | $ | 100 | 109 | |||||
|
| |||||||
Total Foreign Government Obligations | 36,794 | |||||||
|
| |||||||
MORTGAGE-BACKED SECURITY—0.1% |
| |||||||
United States—0.1% | ||||||||
Banc of America Large Loan, Inc. | ||||||||
Series 2010-HLTN, Class HLTN | 370 | 347 | ||||||
Total Mortgage-Backed Security |
| |||||||
ASSET-BACKED SECURITY—0.1% |
| |||||||
United States—0.1% | ||||||||
Dominos Pizza Master Issuer LLC | ||||||||
Series 2012-1A, Class A2 | 272 | 282 | ||||||
Total Asset-Backed Security | ||||||||
PREFERRED CORPORATE DEBT |
| |||||||
United States—0.0% ¥ | ||||||||
BAC Capital Trust XI | 73 | 76 | ||||||
Deutsche Bank Capital Funding Trust VII | 64 | 52 | ||||||
JPMorgan Chase Capital XXV | 36 | 36 | ||||||
NB Capital Trust II | 31 | 31 | ||||||
|
| |||||||
Total Preferred Corporate Debt Securities | 195 | |||||||
|
| |||||||
CORPORATE DEBT SECURITIES—3.0% |
| |||||||
Argentina—0.0% ¥ | ||||||||
Empresa Distribuidora Y Comercializadora Norte | 73 | 41 | ||||||
Australia—0.1% | ||||||||
FMG Resources August 2006 Pty, Ltd. | 187 | 190 | ||||||
TFS Corp., Ltd. | 515 | 507 | ||||||
Austria—0.1% | ||||||||
OGX Austria GmbH | 340 | 352 | ||||||
Brazil—0.1% | ||||||||
Banco Bradesco SA | 200 | 208 | ||||||
Banco Santander Brasil SA | 400 | 396 | ||||||
Hypermarcas SA | 170 | 162 | ||||||
Canada—0.2% | ||||||||
Bank of Nova Scotia | 361 | 375 | ||||||
Toronto-Dominion Bank | 310 | 319 | ||||||
Viterra, Inc. | 106 | 117 | ||||||
Cayman Islands—0.3% | ||||||||
Hutchison Whampoa International 11, Ltd. | 271 | 279 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 138 |
Transamerica Global Allocation
(formerly, Transamerica BlackRock Global Allocation)
CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Principal (000’s) | Value (000’s) | |||||||
Cayman Islands (continued) | ||||||||
Odebrecht Drilling Norbe VIII/IX, Ltd. | $ | 283 | $ | 302 | ||||
Petrobras International Finance Co.—Pifco | 293 | 301 | ||||||
Chile—0.2% | ||||||||
Banco Santander Chile | 270 | 270 | ||||||
Inversiones Alsacia SA | 341 | 335 | ||||||
Guernsey, Channel Islands—0.1% | ||||||||
Credit Suisse Group Guernsey I, Ltd. | 300 | 296 | ||||||
Ireland—0.0% ¥ | ||||||||
Nara Cable Funding, Ltd. | EUR 100 | 119 | ||||||
Luxembourg—0.0% ¥ | ||||||||
Capsugel FinanceCo S.C.A. | 100 | 146 | ||||||
Evraz Group SA | $ | 125 | 136 | |||||
Intelsat Jackson Holdings SA | 309 | 325 | ||||||
TNK-BP Finance SA | 100 | 111 | ||||||
TNK-BP Finance SA—Series 2 | 100 | 112 | ||||||
Mexico—0.1% | ||||||||
BBVA Bancomer SA | 174 | 176 | ||||||
Petroleos Mexicanos | 242 | 278 | ||||||
Netherlands—0.2% | ||||||||
Cooperatieve Centrale Raiffeisen-Boerenleenbank BA | 400 | 413 | ||||||
New World Resources NV | EUR 150 | 199 | ||||||
Singapore—0.1% | ||||||||
Bumi Investment Pte, Ltd. | $ | 144 | 155 | |||||
Oversea-Chinese Banking Corp., Ltd. | 274 | 275 | ||||||
Yanlord Land Group, Ltd. | 170 | 157 | ||||||
Sweden—0.0% ¥ | ||||||||
Nordea Bank AB | 200 | 202 | ||||||
Switzerland—0.0% ¥ | ||||||||
UBS AG | 200 | 222 | ||||||
United Kingdom—0.4% | ||||||||
Lloyds TSB Bank PLC | GBP 500 | 1,005 | ||||||
Vodafone Group PLC | $ | 273 | 272 | |||||
United States—1.1% | ||||||||
Ally Financial, Inc. | 195 | 197 | ||||||
American Express Credit Corp. | 272 | 277 | ||||||
Building Materials Corp., of America | 111 | 117 |
Principal (000’s) | Value (000’s) | |||||||
United States (continued) | ||||||||
Calpine Corp. | $ | 45 | $ | 49 | ||||
Calpine Corp. (Escrow Shares) | 2,142 | u | ||||||
Citigroup Funding, Inc. | 600 | 593 | ||||||
CONSOL Energy, Inc. | 448 | 472 | ||||||
DaVita, Inc. | 166 | 174 | ||||||
6.63%, 11/01/2020 | 148 | 155 | ||||||
DJO Finance LLC / DJO Finance Corp. | 50 | 37 | ||||||
Ford Motor Credit Co., LLC | 112 | 129 | ||||||
7.00%, 04/15/2015 | 100 | 112 | ||||||
General Electric Capital Corp. | 280 | 325 | ||||||
Hertz Corp. | 21 | 23 | ||||||
Hewlett-Packard Co. | 353 | 354 | ||||||
Hughes Satellite Systems Corp. | 219 | 234 | ||||||
7.63%, 06/15/2021 | 89 | 96 | ||||||
JPMorgan Chase Bank NA | 250 | 234 | ||||||
Linn Energy LLC/Linn Energy Finance Corp. | 158 | 167 | ||||||
Phibro Animal Health Corp. | 52 | 51 | ||||||
Phillips 66 | 28 | 29 | ||||||
Reliance Holdings USA, Inc. | 294 | 283 | ||||||
Samson Investment Co. | 105 | 110 | ||||||
SunGard Data Systems, Inc. | 241 | 257 | ||||||
Texas Industries, Inc. | 367 | 358 | ||||||
|
| |||||||
Total Corporate Debt Securities | 13,586 | |||||||
|
| |||||||
CONVERTIBLE BONDS—3.0% | ||||||||
Bermuda—0.0% ¥ | ||||||||
Celestial Nutrifoods, Ltd. | SGD 1,400 | 34 | ||||||
Cayman Islands—0.4% | ||||||||
China Milk Products Group, Ltd. | $ | 600 | 120 | |||||
FU JI Food and Catering Services Holdings, Ltd. | CNY 2,700 | 26 | ||||||
Pyrus, Ltd. | $ | 500 | 519 | |||||
Zeus Cayman | JPY 67,000 | 824 | ||||||
Zeus Cayman II | 24,000 | 296 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 139 |
Transamerica Global Allocation
(formerly, Transamerica BlackRock Global Allocation)
CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Principal (000’s) | Value (000’s) | |||||||
China—0.0%¥ | ||||||||
China Petroleum & Chemical Corp. | HKD | 1,240 | $ | 187 | ||||
India—0.3% | ||||||||
REI Agro, Ltd. | $ | 640 | 473 | |||||
Suzlon Energy, Ltd. | 342 | 291 | ||||||
Zero Coupon, 06/12/2012 -10/11/2012 | 327 | 343 | ||||||
Tata Steel, Ltd. | 200 | 244 | ||||||
Jersey, Channel Islands—0.3% |
| |||||||
Dana Gas Sukuk, Ltd. | 1,940 | 1,464 | ||||||
Luxembourg—0.0% ¥ | ||||||||
Subsea 7 SA | 100 | 122 | ||||||
Malaysia—0.0% ¥ | ||||||||
Paka Capital, Ltd. | 200 | 203 | ||||||
Netherlands—0.2% | ||||||||
Bio City Development Co. B.V. | 1,200 | 1,197 | ||||||
Portugal Telecom International Finance BV | 100 | 122 | ||||||
Singapore—0.9% | ||||||||
CapitaLand, Ltd. | 500 | 398 | ||||||
2.95%, 06/20/2022 | 1,250 | 956 | ||||||
3.13%, 03/05/2018 ^ | 500 | 420 | ||||||
Keppel Land, Ltd. | 200 | 161 | ||||||
Olam International, Ltd. | 600 | 692 | ||||||
Wilmar International, Ltd. | 200 | 237 | ||||||
Ying Li International Real Estate, Ltd. | SGD 750 | 533 | ||||||
United Kingdom—0.1% |
| |||||||
Anglo American PLC | $ | 100 | 144 | |||||
Essar Energy PLC | 400 | 270 | ||||||
United States—0.7% | ||||||||
Electronic Arts, Inc. | 144 | 132 | ||||||
Gilead Sciences, Inc. | 23 | 32 | ||||||
1.63%, 05/01/2016 | 412 | 545 | ||||||
Hologic, Inc. | 700 | 754 | ||||||
Mylan, Inc. | 406 | 712 | ||||||
SM Energy Co. | 232 | 281 | ||||||
Take-Two Interactive Software, Inc. | 232 | 235 |
Principal (000’s) | Value (000’s) | |||||||
United States (continued) |
| |||||||
Take-Two Interactive Software, Inc. (continued) | $ | 102 | $ | 147 | ||||
Virgin Islands, British—0.1% |
| |||||||
Wharf Finance 2014, Ltd. | 2,000 | 251 | ||||||
|
| |||||||
Total Convertible Bonds |
| 13,365 | ||||||
|
| |||||||
LOAN ASSIGNMENTS—0.3% |
| |||||||
United States—0.3% | ||||||||
Obsidian Natural Gas Trust 7.00%, 11/02/2015 * § | 886 | 892 | ||||||
Vodafone Americas Finance 2, Tranche B 6.25%, 07/11/2016 * § | 386 | 390 | ||||||
|
| |||||||
Total Loan Assignments |
| 1,282 | ||||||
|
| |||||||
SHORT-TERM FOREIGN GOVERNMENT OBLIGATIONS—1.9% |
| |||||||
Japan—0.2% | ||||||||
Japan Treasury Discount Bill 0.17%, 05/14/2012 p | JPY80,000 | 1,002 | ||||||
Mexico—1.1% | ||||||||
Mexico Cetes | MXN25,903 | 2,250 | ||||||
9.79%, 10/18/2012 p | 10,789 | 811 | ||||||
9.84%, 09/06/2012 p | 15,867 | 1,200 | ||||||
Singapore—0.6% | ||||||||
Singapore Treasury Bill | SGD1,667 | 1,346 | ||||||
0.26%, 07/26/2012 p | 1,111 | 897 | ||||||
0.37%, 05/03/2012 p | 1,080 | 873 | ||||||
|
| |||||||
Total Short-Term Foreign Government Obligations |
| 8,379 | ||||||
|
| |||||||
SHORT-TERM U.S. GOVERNMENT |
| |||||||
United States—13.8% | ||||||||
U.S. Treasury Bill | $ | 4,300 | 4,299 | |||||
0.01%, 05/03/2012 p ^ | 4,300 | 4,300 | ||||||
0.04%, 05/17/2012 p | 6,925 | 6,925 | ||||||
0.04%, 06/07/2012 p ^ | 1,820 | 1,820 | ||||||
0.05%, 05/10/2012—06/14/2012 p ^ | 6,625 | 6,625 | ||||||
0.06%, 06/21/2012—06/28/2012 p | 12,100 | 12,099 | ||||||
0.06%, 07/05/2012 p ^ | 1,000 | 1,000 | ||||||
0.07%, 05/31/2012 p ^ | 8,020 | 8,019 | ||||||
0.08%, 07/12/2012 p | 7,120 | 7,119 | ||||||
0.08%, 07/19/2012 p ^ | 9,700 | 9,698 | ||||||
|
| |||||||
Total Short-Term U.S. Government Obligations |
| 61,904 | ||||||
|
| |||||||
Shares | Value (000’s) | |||||||
CONVERTIBLE PREFERRED STOCKS—0.7% |
| |||||||
Switzerland—0.0%¥ | ||||||||
UBS AG, 9.38% | 11,850 | 168 | ||||||
United States—0.7% | ||||||||
Chesapeake Energy Corp., 5.75%—144A ^ | 933 | 801 | ||||||
General Motors Co., 4.75% ^ | 13,175 | 514 | ||||||
Health Care REIT, Inc., 6.50% | 5,650 | 302 | ||||||
Omnicare Capital Trust II, 4.00% | 3,800 | 176 | ||||||
PPL Corp., 8.75% | 5,488 | 283 | ||||||
PPL Corp., 9.50% ^ | 6,100 | 325 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 140 |
Transamerica Global Allocation
(formerly, Transamerica BlackRock Global Allocation)
CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Shares | Value (000’s) | |||||||
United States (continued) | ||||||||
SandRidge Energy, Inc., 7.00% | 2,400 | $ | 296 | |||||
Wells Fargo & Co., 7.50% | 185 | 207 | ||||||
|
| |||||||
Total Convertible Preferred Stocks | 3,072 | |||||||
|
| |||||||
PREFERRED STOCKS—0.9% | ||||||||
Brazil—0.3% | ||||||||
Cia Brasileira de Distribuicao Grupo Pao de | 16,608 | 771 | ||||||
Itau Unibanco Holding SA, | 27,096 | 426 | ||||||
Vale SA, 7.31% p | 16,152 | 351 | ||||||
Germany—0.2% | ||||||||
Volkswagen AG, 3.74% p | 5,995 | 1,136 | ||||||
United Kingdom—0.1% | ||||||||
HSBC Holdings PLC, 8.00% ^ | 10,400 | 286 | ||||||
United States—0.3% | ||||||||
Citigroup Capital XIII, 7.88% * | 10,657 | 284 | ||||||
GMAC Capital Trust I, 8.13% * | 23,008 | 551 | ||||||
US Bancorp—Series G, 6.00% * | 5,508 | 142 | ||||||
US Bancorp, 6.50% * | 10,976 | 297 | ||||||
|
| |||||||
Total Preferred Stocks | 4,244 | |||||||
|
| |||||||
COMMON STOCKS—59.5% | ||||||||
Argentina—0.0% ¥ | ||||||||
Cresud SACIF y A ADR ^ | 4,500 | 43 | ||||||
IRSA Inversiones y Representaciones | 5,400 | 43 | ||||||
Pampa Energia SA ADR ‡ | 5,300 | 36 | ||||||
Australia—0.9% | ||||||||
Asciano, Ltd. | 41,041 | 202 | ||||||
BHP Billiton, Ltd. | 24,959 | 925 | ||||||
CSL, Ltd. | 13,728 | 524 | ||||||
Newcrest Mining, Ltd. | 22,299 | 611 | ||||||
Orica, Ltd. | 10,291 | 288 | ||||||
Rio Tinto, Ltd. ^ | 14,976 | 1,034 | ||||||
Telstra Corp., Ltd. | 69,078 | 255 | ||||||
Austria—0.0% ¥ | ||||||||
Telekom Austria AG | 7,696 | 84 | ||||||
Belgium—0.0% ¥ | ||||||||
RHJ International ‡ | 36,300 | 190 | ||||||
Brazil—1.3% | ||||||||
Banco do Brasil SA | 13,458 | 166 | ||||||
Cia Energetica de Minas Gerais ADR | 19,945 | 492 | ||||||
Cyrela Brazil Realty SA Empreendimentos e | 39,672 | 321 | ||||||
Hypermarcas SA | 82,332 | 528 | ||||||
MRV Engenharia e Participacoes SA | 67,935 | 395 | ||||||
OGX Petroleo e Gas Participacoes SA ‡ | 19,400 | 135 | ||||||
Petroleo Brasileiro SA—Class A ADR | 79,528 | 1,762 | ||||||
Qualicorp SA ‡ | 30,823 | 268 | ||||||
SLC Agricola SA ‡ | 35,065 | 347 | ||||||
Telefonica Brasil SA ADR | 40,622 | 1,157 | ||||||
Tractebel Energia SA | 10,758 | 185 | ||||||
Canada—1.9% | ||||||||
Agnico-Eagle Mines, Ltd. | 12,448 | 497 | ||||||
Alamos Gold, Inc. ^ | 17,478 | 320 | ||||||
Bank of Nova Scotia | 3,547 | 197 | ||||||
Barrick Gold Corp. | 16,267 | 658 | ||||||
BCE, Inc. ^ | 1,100 | 45 | ||||||
Canadian Pacific Railway, Ltd. | 6,599 | 511 | ||||||
Detour Gold Corp. ‡ | 9,639 | 238 |
Shares | Value (000’s) | |||||||
Canada (continued) | ||||||||
Eldorado Gold Corp. | 48,090 | $ | 682 | |||||
Goldcorp, Inc. | 37,395 | 1,430 | ||||||
IAMGOLD Corp. | 19,871 | 246 | ||||||
Katanga Mining, Ltd. ‡ | 43,350 | 36 | ||||||
Kinross Gold Corp. | 52,677 | 472 | ||||||
Osisko Mining Corp. ‡ | 22,200 | 229 | ||||||
Potash Corp. of Saskatchewan, Inc. | 8,571 | 364 | ||||||
Rogers Communications, Inc.—Class B ^ | 11,132 | 416 | ||||||
Silver Wheaton Corp. ^ | 19,415 | 593 | ||||||
Sino-Forest Corp.—Class A ‡ ¶ ^ | 20,700 | 28 | ||||||
Suncor Energy, Inc. | 24,153 | 798 | ||||||
Talisman Energy, Inc. | 15,124 | 198 | ||||||
Teck Resources, Ltd.—Class B | 1,640 | 61 | ||||||
TELUS Corp. | 3,170 | 191 | ||||||
Toronto-Dominion Bank | 800 | 68 | ||||||
Chile—0.0% ¥ | ||||||||
Sociedad Quimica y Minera de Chile SA ADR | 3,795 | 221 | ||||||
Egypt—0.0% ¥ | ||||||||
Telecom Egypt Co. | 99,187 | 211 | ||||||
France—1.1% | ||||||||
AXA SA ^ | 33,853 | 479 | ||||||
BNP Paribas SA | 15,543 | 624 | ||||||
Cie Generale D’optique Essilor International SA | 9,518 | 838 | ||||||
Eutelsat Communications SA ^ | 7,369 | 262 | ||||||
France Telecom SA | 6,707 | 92 | ||||||
LVMH Moet Hennessy Louis Vuitton SA ^ | 3,551 | 587 | ||||||
Safran SA | 3,969 | 147 | ||||||
Sanofi | 8,962 | 684 | ||||||
Sanofi ADR | 1,261 | 48 | ||||||
Societe Generale SA | 7,965 | 188 | ||||||
Technip SA | 1,806 | 204 | ||||||
Total SA | 13,278 | 634 | ||||||
Total SA ADR | 8,671 | 417 | ||||||
Germany—2.3% | ||||||||
Allianz SE | 4,628 | 516 | ||||||
BASF SE ^ | 19,857 | 1,636 | ||||||
Bayer AG ^ | 12,010 | 846 | ||||||
Bayerische Motoren Werke AG | 4,317 | 410 | ||||||
Daimler AG | 11,893 | 657 | ||||||
Deutsche Bank AG | 5,733 | 249 | ||||||
Deutsche Telekom AG | 56,387 | 636 | ||||||
Fresenius Medical Care AG & Co., KGaA ^ | 11,276 | 800 | ||||||
Fresenius SE & Co. KGaA | 3,643 | 364 | ||||||
Infineon Technologies AG | 35,976 | 358 | ||||||
Kabel Deutschland Holding AG ‡ | 6,163 | 388 | ||||||
Lanxess AG | 7,651 | 609 | ||||||
Muenchener Rueckversicherungs AG ^ | 1,600 | 232 | ||||||
Siemens AG | 15,122 | 1,401 | ||||||
SMA Solar Technology AG ^ | 1,223 | 51 | ||||||
Hong Kong—1.7% | ||||||||
AIA Group, Ltd. | 52,500 | 187 | ||||||
Beijing Enterprises Holdings, Ltd. | 169,820 | 949 | ||||||
Chaoda Modern Agriculture Holdings, Ltd. ‡ ¶ ^ | 1,090,190 | 109 | ||||||
Cheung Kong Holdings, Ltd. | 21,500 | 287 | ||||||
Cheung Kong Infrastructure Holdings, Ltd. | 40,400 | 239 | ||||||
China BlueChemical, Ltd. ‡ | 257,900 | 184 | ||||||
China Resources Gas Group, Ltd. | 126,000 | 245 | ||||||
China Resources Power Holdings Co., Ltd. | 158,000 | 288 | ||||||
China Shenhua Energy Co., Ltd. ‡ | 54,952 | 244 | ||||||
China Telecom Corp., Ltd. ‡ | 276,400 | 149 | ||||||
China Unicom, Ltd. ^ n | 110,400 | 197 | ||||||
CSR Corp., Ltd. ‡ | 87,200 | 70 | ||||||
Dongfang Electric Corp., Ltd. ‡ ^ | 58,800 | 160 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 141 |
Transamerica Global Allocation
(formerly, Transamerica BlackRock Global Allocation)
CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Shares | Value (000’s) | |||||||
Hong Kong (continued) | ||||||||
Dongfeng Motor Group Co., Ltd. ^ | 77,000 | $ | 152 | |||||
Guangshen Railway Co., Ltd. ‡ ^ | 304,950 | 113 | ||||||
Guangzhou Automobile Group Co., Ltd. ‡ | 183,686 | 204 | ||||||
Haitian International Holdings, Ltd. | 81,400 | 94 | ||||||
Huaneng Power International, Inc. ‡ ^ | 325,300 | 193 | ||||||
Hutchison Whampoa, Ltd. | 37,800 | 364 | ||||||
Jiangsu Expressway Co., Ltd. ‡ | 147,300 | 145 | ||||||
Link Real Estate Investment Trust | 220,467 | 915 | ||||||
Mongolian Mining Corp. ‡ ^ | 116,000 | 93 | ||||||
Ping An Insurance Group Co. ^ | 17,938 | 150 | ||||||
Shanghai Electric Group Co., Ltd. ‡ ^ | 397,600 | 200 | ||||||
Shanghai Pharmaceuticals Holding Co., Ltd. ‡ ^ | 105,000 | 158 | ||||||
Sinopharm Group Co., Ltd. ‡ | 125,500 | 328 | ||||||
Sun Hung Kai Properties, Ltd. | 19,676 | 238 | ||||||
Tianjin Development Holdings, Ltd. ‡ | 724,500 | 323 | ||||||
Tianjin Port Development Holdings, Ltd. | 1,049,600 | 142 | ||||||
Wharf Holdings, Ltd. | 56,277 | 336 | ||||||
Yuanda China Holdings, Ltd. ‡ | 1,104,000 | 151 | ||||||
Zhongsheng Group Holdings, Ltd. ^ | 128,224 | 255 | ||||||
India—0.1% | ||||||||
Adani Enterprises, Ltd. | 30,885 | 165 | ||||||
Bharat Heavy Electricals, Ltd. | 44,232 | 188 | ||||||
Housing Development Finance Corp. | 48,851 | 624 | ||||||
Indonesia—0.1% | ||||||||
Bumi Resources PT | 1,222,201 | 269 | ||||||
Telekomunikasi Indonesia Persero PT | 138,400 | 128 | ||||||
Israel—0.3% | ||||||||
Teva Pharmaceutical Industries, Ltd. ADR ¢ | 25,265 | 1,156 | ||||||
Italy—0.6% | ||||||||
ENI SpA | 41,460 | 920 | ||||||
Fiat Industrial SpA ^ | 74,769 | 849 | ||||||
Intesa Sanpaolo SpA | 152,762 | 231 | ||||||
Telecom Italia SpA ‡ | 106,040 | 121 | ||||||
UniCredit SpA | 17,077 | 68 | ||||||
Japan—6.5% | ||||||||
Aisin Seiki Co., Ltd. | 6,830 | 241 | ||||||
Asahi Kasei Corp. | 52,800 | 326 | ||||||
Astellas Pharma, Inc. | 6,000 | 243 | ||||||
Bridgestone Corp. | 25,800 | 610 | ||||||
Canon, Inc. | 17,564 | 796 | ||||||
Daihatsu Motor Co., Ltd. ^ | 12,780 | 241 | ||||||
Daiwa House Industry Co., Ltd. | 14,070 | 182 | ||||||
Denso Corp. | 8,670 | 280 | ||||||
East Japan Railway Co. | 16,265 | 1,012 | ||||||
FANUC Corp. | 2,350 | 396 | ||||||
Fuji Heavy Industries, Ltd. | 92,420 | 697 | ||||||
Futaba Industrial Co., Ltd. ^ ‡ | 16,400 | 88 | ||||||
Hitachi Chemical Co., Ltd. ^ | 14,400 | 267 | ||||||
Hitachi, Ltd. | 43,300 | 276 | ||||||
Honda Motor Co., Ltd. | 19,182 | 690 | ||||||
Hoya Corp. | 24,489 | 562 | ||||||
INPEX Corp. ^ | 140 | 924 | ||||||
JGC Corp. | 25,910 | 746 | ||||||
JSR Corp. | 10,000 | 197 | ||||||
KAO Corp. | 6,200 | 166 | ||||||
KDDI Corp. | 87 | 570 | ||||||
Kinden Corp. | 11,600 | 81 | ||||||
Kirin Holdings Co., Ltd. | 34,100 | 434 | ||||||
Komatsu, Ltd. | 11,700 | 337 | ||||||
Kubota Corp. ^ | 79,584 | 768 | ||||||
Kuraray Co., Ltd. | 21,030 | 300 | ||||||
Kyowa Hakko Kirin Co., Ltd. ^ | 27,180 | 286 | ||||||
Marubeni Corp. | 19,300 | 134 |
Shares | Value (000’s) | |||||||
Japan (continued) | ||||||||
Mitsubishi Corp. | 55,520 | $ | 1,203 | |||||
Mitsubishi Tanabe Pharma Corp. | 12,100 | 168 | ||||||
Mitsubishi UFJ Financial Group, Inc. ^ | 90,520 | 435 | ||||||
Mitsui & Co., Ltd. | 65,132 | 1,017 | ||||||
Mitsui Fudosan Co., Ltd. | 10,500 | 192 | ||||||
MS&AD Insurance Group Holdings | 27,917 | 515 | ||||||
Murata Manufacturing Co., Ltd. | 7,950 | 454 | ||||||
Nintendo Co., Ltd. | 3,200 | 432 | ||||||
Nippon Building Fund, Inc. REIT | 10 | 95 | ||||||
Nippon Electric Glass Co., Ltd. | 27,800 | 225 | ||||||
Nippon Telegraph & Telephone Corp. | 13,530 | 612 | ||||||
NTT DoCoMo, Inc. | 795 | 1,356 | ||||||
NTT Urban Development Corp. ^ | 55 | 42 | ||||||
Okumura Corp. | 59,300 | 217 | ||||||
Rinnai Corp. ^ | 3,980 | 290 | ||||||
ROHM Co., Ltd. | 4,960 | 224 | ||||||
Shin-Etsu Chemical Co., Ltd. | 16,276 | 939 | ||||||
Sony Financial Holdings, Inc. ^ | 11,500 | 188 | ||||||
Sumitomo Chemical Co., Ltd. | 53,520 | 220 | ||||||
Sumitomo Corp. | 15,800 | 225 | ||||||
Sumitomo Electric Industries, Ltd. | 12,600 | 170 | ||||||
Sumitomo Mitsui Financial Group, Inc. | 10,280 | 329 | ||||||
Suzuki Motor Corp. | 47,562 | 1,120 | ||||||
TDK Corp. | 5,820 | 304 | ||||||
Terumo Corp. | 4,850 | 222 | ||||||
Toda Corp. | 57,900 | 185 | ||||||
Toho Co., Ltd. ^ | 9,681 | 174 | ||||||
Tokio Marine Holdings, Inc. | 45,300 | 1,159 | ||||||
Tokyo Gas Co., Ltd. | 158,370 | 764 | ||||||
Toyota Industries Corp. | 24,537 | 692 | ||||||
Toyota Motor Corp. | 10,170 | 417 | ||||||
UBE Industries, Ltd. | 142,100 | 363 | ||||||
West Japan Railway Co. | 7,400 | 304 | ||||||
Yahoo! Japan Corp. ^ | 725 | 218 | ||||||
Yamada Denki Co., Ltd. ^ | 5,570 | 362 | ||||||
Jersey, Channel Islands—0.1% | �� | |||||||
Randgold Resources, Ltd. ADR ^ | 5,426 | 484 | ||||||
Korea, Republic of—0.7% | ||||||||
Cheil Industries, Inc. | 2,489 | 214 | ||||||
Hyundai Motor Co. | 2,263 | 538 | ||||||
KT Corp. | 1,400 | 36 | ||||||
KT Corp. ADR | 18,760 | 241 | ||||||
KT&G Corp. | 6,010 | 413 | ||||||
LG Corp. | 3,549 | 181 | ||||||
Mando Corp. | 459 | 74 | ||||||
POSCO | 603 | 200 | ||||||
POSCO ADR | 2,709 | 226 | ||||||
Samsung Electronics Co., Ltd. | 1,358 | 1,671 | ||||||
Samsung Fine Chemicals Co., Ltd. | 3,140 | 151 | ||||||
Luxembourg—0.1% | ||||||||
Tenaris SA ADR ^ | 6,783 | 266 | ||||||
Malaysia—0.4% | ||||||||
Axiata Group Bhd | 513,412 | 901 | ||||||
British American Tobacco Malaysia Bhd | 10,200 | 187 | ||||||
Telekom Malaysia Bhd | 390,824 | 696 | ||||||
Mexico—0.3% | ||||||||
America Movil SAB de CV ADR | 37,789 | 1,007 | ||||||
Fomento Economico Mexicano SAB de CV ADR | 2,453 | 199 | ||||||
Netherlands—0.5% | ||||||||
ING Groep NV ‡ | 60,487 | 427 | ||||||
Koninklijke Philips Electronics NV ‡ | 26,698 | 530 | ||||||
Royal Dutch Shell PLC—Class A ADR | 10,658 | 762 | ||||||
Unilever NV | 9,320 | 319 | ||||||
VimpelCom, Ltd. ADR | 19,600 | 200 | ||||||
Ziggo NV ‡ | 3,400 | 107 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 142 |
Transamerica Global Allocation
(formerly, Transamerica BlackRock Global Allocation)
CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Shares | Value (000’s) | |||||||
New Zealand—0.0% ¥ | ||||||||
Guinness Peat Group PLC | 292,904 | $ | 120 | |||||
Norway—0.2% | ||||||||
DNB ASA ^ | 37,215 | 401 | ||||||
Statoil ASA | 19,937 | 532 | ||||||
Philippines—0.0% ¥ | ||||||||
Philippine Long Distance Telephone Co. ADR | 3,134 | 190 | ||||||
Portugal—0.0% ¥ | ||||||||
Zon Multimedia Servicos de Telecomunicacoes e | 40,520 | 137 | ||||||
Russian Federation—0.3% | ||||||||
Federal Hydrogenerating Co. JSC | 1,558,346 | 53 | ||||||
Federal Hydrogenerating Co. JSC ADR | 179,167 | 624 | ||||||
Kuzbassrazrezugol OJSC | 422,660 | 106 | ||||||
Sberbank of Russia | 310,173 | 701 | ||||||
Singapore—0.5% | ||||||||
CapitaLand, Ltd. | 209,150 | 497 | ||||||
DBS Group Holdings, Ltd. | 17,770 | 200 | ||||||
Fraser and Neave, Ltd. ^ | 84,400 | 480 | ||||||
Global Logistic Properties, Ltd. ‡ | 89,800 | 149 | ||||||
Keppel Corp., Ltd. | 72,111 | 644 | ||||||
MobileOne, Ltd. | 95,930 | 189 | ||||||
Noble Group, Ltd. ^ | 69,405 | 66 | ||||||
Oversea-Chinese Banking Corp. | 76,190 | 552 | ||||||
Raffles Medical Group, Ltd. | 73,200 | 137 | ||||||
SembCorp Marine, Ltd. ^ | 43,010 | 177 | ||||||
Singapore Press Holdings, Ltd. ^ | 44,080 | 141 | ||||||
Singapore Telecommunications, Ltd. | 222,450 | 561 | ||||||
United Overseas Bank, Ltd. | 9,970 | 155 | ||||||
South Africa—0.1% | ||||||||
Life Healthcare Group Holdings, Ltd. | 75,600 | 261 | ||||||
Spain—0.1% | ||||||||
Telefonica SA | 20,909 | 305 | ||||||
Telefonica SA ADR ^ | 5,800 | 85 | ||||||
Sweden—0.0% ¥ | ||||||||
Millicom International Cellular SA | 600 | 64 | ||||||
SKF AB—Class B | 6,000 | 142 | ||||||
Switzerland—1.0% | ||||||||
Cie Financiere Richemont SA ¢ | 2,680 | 166 | ||||||
Nestle SA | 22,171 | 1,357 | ||||||
Novartis AG | 14,252 | 786 | ||||||
Roche Holding AG | 3,183 | 581 | ||||||
Swisscom AG ^ | 972 | 362 | ||||||
Transocean, Ltd. | 2,682 | 135 | ||||||
UBS AG ‡ | 34,362 | 429 | ||||||
Zurich Insurance Group AG ‡ | 1,301 | 318 | ||||||
Taiwan—0.4% | ||||||||
Cheng Shin Rubber Industry Co., Ltd. | 77,000 | 192 | ||||||
Chunghwa Telecom Co., Ltd. | 87,116 | 273 | ||||||
Chunghwa Telecom Co., Ltd. ADR ^ | 17,209 | 533 | ||||||
Far EasTone Telecommunications Co., Ltd. | 145,000 | 315 | ||||||
Hon Hai Precision Industry Co., Ltd. | 59,046 | 187 | ||||||
Taiwan Semiconductor Manufacturing Co., Ltd. | 148,888 | 442 | ||||||
Yulon Motor Co., Ltd. | 119,000 | 191 | ||||||
Thailand—0.3% | ||||||||
PTT Global Chemical PCL | 227,637 | 509 | ||||||
PTT PCL | 29,497 | 336 | ||||||
Siam Commercial Bank PCL | 71,875 | 352 | ||||||
Turkey—0.3% | ||||||||
BIM Birlesik Magazalar AS | 7,975 | 333 | ||||||
Tupras Turkiye Petrol Rafinerileri AS | 9,853 | 206 | ||||||
Turk Telekomunikasyon AS | 53,079 | 233 | ||||||
Turkcell Iletisim Hizmetleri AS ‡ | 23,747 | 119 | ||||||
Turkiye Garanti Bankasi AS ‡ | 71,606 | 263 |
Shares | Value (000’s) | |||||||
United Kingdom—2.7% | ||||||||
Amlin PLC | 13,200 | $ | 71 | |||||
Anglo American PLC | 12,057 | 463 | ||||||
Antofagasta PLC | 29,824 | 572 | ||||||
AstraZeneca PLC ADR | 1,300 | 57 | ||||||
BG Group PLC | 56,307 | 1,325 | ||||||
BHP Billiton PLC | 13,128 | 421 | ||||||
BP PLC | 79,084 | 571 | ||||||
BP PLC ADR | 17,730 | 770 | ||||||
British American Tobacco PLC | 6,222 | 319 | ||||||
BT Group PLC—Class A | 207,937 | 711 | ||||||
Diageo PLC ADR | 12,531 | 1,268 | ||||||
Genel Energy PLC ‡ | 27,034 | 309 | ||||||
GlaxoSmithKline PLC ADR | 1,400 | 65 | ||||||
Glencore International PLC ^ | 30,300 | 209 | ||||||
HSBC Holdings PLC | 65,139 | 587 | ||||||
KazMunaiGas Exploration Production—Reg S | ||||||||
JSC GDR | 28,651 | 573 | ||||||
Lloyds TSB Group PLC ‡ | 254,044 | 128 | ||||||
LSR Group—Reg S OJSC GDR | 2,081 | 11 | ||||||
Magnitogorsk Iron & Steel Works—Reg S GDR ‡ | 25,071 | 132 | ||||||
National Grid PLC | 86,907 | 939 | ||||||
NMC Health PLC ‡ | 43,800 | 149 | ||||||
Novorossiysk Commercial Sea Port—Reg S PJSC GDR | 30,652 | 258 | ||||||
Petropavlovsk PLC | 5,200 | 40 | ||||||
Rio Tinto PLC | 10,624 | 592 | ||||||
Rosneft Oil Co.—Reg S GDR ‡ | 59,124 | 422 | ||||||
SSE PLC | 36,394 | 780 | ||||||
Unilever PLC | 5,910 | 202 | ||||||
Unilever PLC ADR | 3,700 | 127 | ||||||
Vodafone Group PLC | 92,393 | 256 | ||||||
Vodafone Group PLC ADR | 5,983 | 167 | ||||||
United States—34.7% | ||||||||
3M Co. | 6,884 | 615 | ||||||
Abbott Laboratories | 14,777 | 917 | ||||||
Accenture PLC—Class A | 1,032 | 67 | ||||||
ACE, Ltd. | 15,796 | 1,200 | ||||||
Activision Blizzard, Inc. ^ ¢ | 75,823 | 976 | ||||||
Adobe Systems, Inc. ‡ | 2,400 | 81 | ||||||
AES Corp. ‡ | 37,797 | 473 | ||||||
Aetna, Inc. | 24,118 | 1,063 | ||||||
Agilent Technologies, Inc. | 13,641 | 576 | ||||||
Alcoa, Inc. | 34,190 | 333 | ||||||
Alliance Data Systems Corp. ‡ ^ | 600 | 77 | ||||||
Alliance Resource Partners, LP | 965 | 62 | ||||||
Allstate Corp. | 4,380 | 146 | ||||||
Altera Corp. | 1,400 | 50 | ||||||
Altria Group, Inc. | 16,981 | 547 | ||||||
Amdocs, Ltd. ‡ | 2,185 | 70 | ||||||
Ameren Corp. | 1,900 | 62 | ||||||
American Electric Power Co., Inc. | 7,861 | 305 | ||||||
American Express Co. | 4,400 | 265 | ||||||
American Tower Corp.—Class A REIT | 10,066 | 660 | ||||||
American Water Works Co., Inc. | 8,524 | 292 | ||||||
Ameriprise Financial, Inc. | 900 | 49 | ||||||
AmerisourceBergen Corp.— Class A | 10,008 | 372 | ||||||
Amgen, Inc. | 928 | 66 | ||||||
Anadarko Petroleum Corp. | 14,983 | 1,097 | ||||||
Analog Devices, Inc. | 1,300 | 51 | ||||||
Apache Corp. | 7,866 | 755 | ||||||
Apple, Inc. ‡ ¢ | 11,672 | 6,819 | ||||||
Applied Materials, Inc. ¢ | 37,800 | 453 | ||||||
Arch Capital Group, Ltd. ‡ ^ | 6,257 | 246 | ||||||
ASML Holding NV | 1,500 | 76 | ||||||
AT&T, Inc. | 83,019 | 2,731 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 143 |
Transamerica Global Allocation
(formerly, Transamerica BlackRock Global Allocation)
CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Value | ||||||||
Shares | (000’s) | |||||||
United States (continued) | ||||||||
Autoliv, Inc. ^ | 600 | $ | 38 | |||||
Axis Capital Holdings, Ltd. | 1,456 | 50 | ||||||
Bank of America Corp. | 138,739 | 1,125 | ||||||
Bank of New York Mellon Corp. ^ | 45,652 | 1,079 | ||||||
Biogen Idec, Inc. ‡ | 569 | 76 | ||||||
BMC Software, Inc. ‡ | 1,269 | 52 | ||||||
Boeing Co. | 13,647 | 1,048 | ||||||
BorgWarner, Inc. ‡ ^ | 3,371 | 266 | ||||||
Bristol-Myers Squibb Co. | 49,859 | 1,664 | ||||||
Bunge, Ltd. ^ | 1,005 | 65 | ||||||
CA, Inc. | 32,088 | 848 | ||||||
Cabot Oil & Gas Corp. | 7,495 | 263 | ||||||
Calpine Corp. ‡ | 33,774 | 634 | ||||||
Canadian Natural Resources, Ltd. | 16,511 | 574 | ||||||
Capital One Financial Corp. ^ | 5,400 | 300 | ||||||
Cardinal Health, Inc. | 1,259 | 53 | ||||||
Celgene Corp. ‡ | 3,947 | 288 | ||||||
CenturyLink, Inc. | 4,678 | 180 | ||||||
Check Point Software Technologies, Ltd. ‡ ^ | 1,100 | 64 | ||||||
Chevron Corp. | 21,814 | 2,325 | ||||||
Chubb Corp. | 7,275 | 532 | ||||||
CIGNA Corp. | 7,607 | 352 | ||||||
Cisco Systems, Inc. ¢ | 101,521 | 2,046 | ||||||
Citigroup, Inc. | 55,958 | 1,849 | ||||||
CMS Energy Corp. ^ | 13,375 | 307 | ||||||
CNA Financial Corp. | 2,322 | 71 | ||||||
CNH Global N.V. ‡ | 1,700 | 78 | ||||||
Coach, Inc. | 900 | 66 | ||||||
Coca-Cola Co. | 5,117 | 391 | ||||||
Coca-Cola Enterprises, Inc. | 1,900 | 57 | ||||||
Cognizant Technology Solutions Corp.—Class A ‡ | 1,958 | 144 | ||||||
Colgate-Palmolive Co. | 9,125 | 903 | ||||||
Comcast Corp.—Class A | 55,892 | 1,696 | ||||||
Comverse Technology, Inc. ‡ ^ | 520 | 3 | ||||||
ConAgra Foods, Inc. | 7,386 | 191 | ||||||
ConocoPhillips | 940 | 67 | ||||||
CONSOL Energy, Inc. ^ | 48,570 | 1,614 | ||||||
Constellation Brands, Inc.—Class A ‡ | 6,010 | 130 | ||||||
Corning, Inc. | 109,510 | 1,571 | ||||||
Cosan, Ltd.—Class A | 50,304 | 696 | ||||||
Coventry Health Care, Inc. | 1,500 | 45 | ||||||
Covidien PLC | 6,212 | 343 | ||||||
Crown Castle International Corp. ‡ | 4,767 | 270 | ||||||
Crown Holdings, Inc. ‡ | 5,543 | 205 | ||||||
CVS Caremark Corp. | 16,493 | 736 | ||||||
DaVita, Inc. ‡ | 5,194 | 460 | ||||||
Dell, Inc. ‡ ¢ | 39,071 | 640 | ||||||
Devon Energy Corp. | 16,571 | 1,157 | ||||||
Diamond Offshore Drilling, Inc. ^ | 1,000 | 69 | ||||||
Discover Financial Services | 14,980 | 507 | ||||||
DISH Network Corp.—Class A | 6,705 | 214 | ||||||
Dominion Resources, Inc. | 5,649 | 295 | ||||||
Dow Chemical Co. | 19,537 | 662 | ||||||
Dr. Pepper Snapple Group, Inc. | 3,535 | 143 | ||||||
E.I. du Pont de Nemours & Co. | 13,477 | 720 | ||||||
Eastman Chemical Co. | 1,200 | 65 | ||||||
eBay, Inc. ‡ | 9,898 | 406 | ||||||
Electronic Arts, Inc. ‡ ¢ | 44,267 | 681 | ||||||
Eli Lilly & Co. | 6,635 | 275 | ||||||
EMC Corp. ‡ ¢ | 42,153 | 1,189 | ||||||
Endurance Specialty Holdings, Ltd. ^ | 7,206 | 290 | ||||||
Entergy Corp. | 2,591 | 170 | ||||||
EQT Corp. | 8,851 | 441 | ||||||
Exelon Corp. | 8,870 | 346 | ||||||
Expedia, Inc. ^ | 1,390 | 59 |
Value | ||||||||
Shares | (000’s) | |||||||
United States (continued) | ||||||||
Express Scripts Holding Co. ‡ | 5,969 | $ | 333 | |||||
Exxon Mobil Corp. | 62,888 | 5,431 | ||||||
Fidelity National Financial, Inc.—Class A ^ | 16,540 | 319 | ||||||
Fidelity National Information Services, Inc. | 2,169 | 73 | ||||||
FMC Corp. | 14,225 | 1,572 | ||||||
Ford Motor Co. ^ | 51,561 | 582 | ||||||
Freeport-McMoRan Copper & Gold, Inc. | 10,505 | 402 | ||||||
Freescale Semiconductor, Ltd. ‡ ^ | 35,000 | 434 | ||||||
Garmin, Ltd. ^ | 1,573 | 74 | ||||||
General Dynamics Corp. | 7,676 | 518 | ||||||
General Electric Co. | 143,241 | 2,804 | ||||||
General Mills, Inc. | 15,972 | 621 | ||||||
General Motors Co. ‡ ^ | 24,092 | 554 | ||||||
Gilead Sciences, Inc. ‡ | 16,830 | 875 | ||||||
Goldman Sachs Group, Inc. | 7,648 | 881 | ||||||
Google, Inc.—Class A ‡ | 3,712 | 2,247 | ||||||
Halliburton Co. | 15,980 | 547 | ||||||
Harris Corp. ^ | 879 | 40 | ||||||
HCA Holdings, Inc. | 20,686 | 557 | ||||||
HealthSouth Corp. ‡ ^ | 13,287 | 297 | ||||||
Helmerich & Payne, Inc. | 1,200 | 62 | ||||||
Herbalife, Ltd. ^ | 1,176 | 83 | ||||||
Hewlett-Packard Co. | 26,658 | 660 | ||||||
HJ Heinz Co. ^ | 3,594 | 192 | ||||||
Hologic, Inc. ‡ | 25,143 | 481 | ||||||
Humana, Inc. | 7,015 | 566 | ||||||
Intel Corp. | 58,295 | 1,656 | ||||||
International Business Machines Corp. ¢ | 11,043 | 2,286 | ||||||
International Game Technology | 15,847 | 247 | ||||||
International Paper Co. | 7,070 | 236 | ||||||
Intuit, Inc. | 1,100 | 64 | ||||||
ITC Holdings Corp. ^ | 357 | 28 | ||||||
Johnson & Johnson | 40,483 | 2,634 | ||||||
Johnson Controls, Inc. | 8,508 | 272 | ||||||
JPMorgan Chase & Co. | 57,799 | 2,484 | ||||||
Juniper Networks, Inc. ‡ | 32,690 | 701 | ||||||
KBR, Inc. | 12,112 | 410 | ||||||
KLA-Tencor Corp. | 1,100 | 57 | ||||||
Kroger Co. | 2,300 | 54 | ||||||
L-3 Communications Holdings, Inc. | 900 | 66 | ||||||
Lear Corp. | 1,500 | 62 | ||||||
Life Technologies Corp. ‡ | 9,367 | 434 | ||||||
Limited Brands, Inc. ^ | 1,417 | 70 | ||||||
Lincoln National Corp. ^ | 2,961 | 73 | ||||||
Lorillard, Inc. | 2,527 | 342 | ||||||
LSR Group—144A GDR OJSC | 59,822 | 320 | ||||||
Macy’s, Inc. | 1,500 | 62 | ||||||
Marathon Oil Corp. | 20,283 | 595 | ||||||
Marathon Petroleum Corp. | 27,250 | 1,134 | ||||||
Mastercard, Inc.—Class A | 1,877 | 849 | ||||||
Mattel, Inc. ¢ | 20,318 | 683 | ||||||
McDermott International, Inc. ‡ | 22,577 | 255 | ||||||
McDonald’s Corp. ¢ | 6,317 | 616 | ||||||
McGraw-Hill Cos., Inc. | 1,159 | 57 | ||||||
McKesson Corp. | 7,366 | 673 | ||||||
Mead Johnson Nutrition Co.—Class A | 12,219 | 1,045 | ||||||
Medtronic, Inc. | 21,983 | 840 | ||||||
Merck & Co., Inc. | 45,661 | 1,792 | ||||||
MetLife, Inc. | 10,337 | 372 | ||||||
MetroPCS Communications, Inc. ‡ | 18,000 | 131 | ||||||
Mettler-Toledo International, Inc. ‡ ^ | 1,528 | 274 | ||||||
Microsoft Corp. | 116,269 | 3,722 | ||||||
Motorola Solutions, Inc. | 7,218 | 368 | ||||||
Murphy Oil Corp. | 1,100 | 60 | ||||||
Mylan, Inc. ‡ | 22,401 | 486 | ||||||
National Oilwell Varco, Inc. | 18,056 | 1,368 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 144 |
Transamerica Global Allocation
(formerly, Transamerica BlackRock Global Allocation)
CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Value | ||||||||
Shares | (000’s) | |||||||
United States (continued) | ||||||||
NetApp, Inc. ‡ ¢ | 17,439 | $ | 677 | |||||
Newmont Mining Corp. | 20,309 | 968 | ||||||
NextEra Energy, Inc. | 15,849 | 1,020 | ||||||
Northern Trust Corp. | 5,924 | 282 | ||||||
NRG Energy, Inc. ‡ | 10,648 | 181 | ||||||
Occidental Petroleum Corp. | 20,667 | 1,885 | ||||||
Oracle Corp. ¢ | 121,099 | 3,559 | ||||||
PACCAR, Inc. | 5,175 | 222 | ||||||
Parker Hannifin Corp. | 800 | 70 | ||||||
PerkinElmer, Inc. | 9,967 | 275 | ||||||
Perrigo Co. ^ | 4,022 | 422 | ||||||
Pfizer, Inc. | 107,548 | 2,466 | ||||||
Philip Morris International, Inc. | 11,729 | 1,050 | ||||||
Phillips 66 ‡ | 1,100 | 37 | ||||||
Platinum Underwriters Holdings, Ltd. ^ | 3,340 | 122 | ||||||
Polyus Gold International, Ltd. GDR ‡ | 190,865 | 588 | ||||||
PPG Industries, Inc. | 742 | 78 | ||||||
PPL Corp. ^ | 17,119 | 468 | ||||||
Praxair, Inc. | 2,403 | 278 | ||||||
Precision Castparts Corp. | 3,351 | 591 | ||||||
Procter & Gamble Co. | 19,892 | 1,266 | ||||||
Progressive Corp. ^ | 9,391 | 200 | ||||||
Prudential Financial, Inc. | 4,538 | 275 | ||||||
PulteGroup, Inc. ‡ ^ | 44,804 | 441 | ||||||
QEP Resources, Inc. ^ | 22,059 | 680 | ||||||
QUALCOMM, Inc. | 33,347 | 2,129 | ||||||
Quicksilver Resources, Inc. ‡ ^ | 79,385 | 373 | ||||||
Ralph Lauren Corp.—Class A ¢ | 300 | 52 | ||||||
Reinsurance Group of America, Inc.—Class A | 900 | 52 | ||||||
RenaissanceRe Holdings, Ltd. ^ | 3,406 | 266 | ||||||
RHJ International—144A ‡ | 17,100 | 90 | ||||||
Rockwell Automation, Inc. ^ | 8,004 | 620 | ||||||
Ross Stores, Inc. | 816 | 50 | ||||||
SanDisk Corp. ‡ ^ ¢ | 25,408 | 940 | ||||||
Sara Lee Corp. ¢ | 40,200 | 886 | ||||||
Schlumberger, Ltd. | 23,373 | 1,732 | ||||||
Simon Property Group, Inc. REIT | 2,414 | 376 | ||||||
SM Energy Co. ^ ¢ | 7,639 | 505 | ||||||
Southern Co. | 14,875 | 683 | ||||||
Spirit Aerosystems Holdings, Inc.—Class A ‡ ^ | 20,830 | 521 | ||||||
St. Joe Co. ‡ ^ | 75,455 | 1,344 | ||||||
State Street Corp. | 17,093 | 790 | ||||||
Symantec Corp. ‡ | 26,125 | 432 | ||||||
TE Connectivity, Ltd. | 1,932 | 70 | ||||||
Texas Instruments, Inc. | 13,510 | 432 | ||||||
Thermo Fisher Scientific, Inc. | 8,541 | 475 | ||||||
Time Warner Cable, Inc. | 4,212 | 339 | ||||||
Torchmark Corp. | 1,249 | 61 | ||||||
Travelers Cos., Inc. | 11,605 | 746 | ||||||
U.S. Bancorp ¢ | 34,117 | 1,098 | ||||||
Unilever NV | 3,338 | 115 | ||||||
Union Pacific Corp. | 10,594 | 1,192 | ||||||
United Technologies Corp. | 19,317 | 1,577 | ||||||
UnitedHealth Group, Inc. | 12,077 | 678 | ||||||
Universal Health Services, Inc.—Class B ¢ | 5,700 | 243 | ||||||
Unum Group | 2,329 | 55 | ||||||
Urban Outfitters, Inc. ‡ ^ | 1,400 | 41 | ||||||
Valeant Pharmaceuticals International, Inc. ‡ ¢ | 4,600 | 256 | ||||||
Valero Energy Corp. | 2,538 | 63 | ||||||
Validus Holdings, Ltd. | 5,061 | 164 | ||||||
Vanguard Health Systems, Inc. ‡ ^ | 10,800 | 96 | ||||||
Verizon Communications, Inc. | 34,322 | 1,385 | ||||||
Vertex Pharmaceuticals, Inc. ‡ ¢ | 13,243 | 510 |
Value | ||||||||
Shares | (000’s) | |||||||
United States (continued) | ||||||||
Viacom, Inc.—Class B | 7,301 | $ | 339 | |||||
Visa, Inc.—Class A | 8,453 | 1,040 | ||||||
Wal-Mart Stores, Inc. | 25,143 | 1,480 | ||||||
Walt Disney Co. | 13,156 | 567 | ||||||
Waters Corp. ‡ | 5,517 | 464 | ||||||
Weatherford International, Ltd. ‡ | 18,820 | 269 | ||||||
WellPoint, Inc. | 13,711 | 930 | ||||||
Wells Fargo & Co. | 51,652 | 1,727 | ||||||
Western Digital Corp. ‡ | 1,723 | 67 | ||||||
Western Union Co. | 2,400 | 44 | ||||||
Whiting Petroleum Corp. ‡ ¢ | 18,669 | 1,068 | ||||||
Wyndham Worldwide Corp. | 1,200 | 60 | ||||||
XL Group PLC—Class A | 40,490 | 871 | ||||||
|
| |||||||
Total Common Stocks (cost $235,307) |
| 265,375 | ||||||
|
| |||||||
INVESTMENT COMPANIES—2.1% |
| |||||||
United Kingdom—0.0% ^¥ | ||||||||
Vinaland, Ltd. | 78,897 | 44 | ||||||
United States—2.1% | ||||||||
ETFS Physical Palladium Shares ‡ | 3,900 | 263 | ||||||
ETFS Platinum Trust ‡ | 3,300 | 510 | ||||||
SPDR Gold Shares ‡ | 52,882 | 8,561 | ||||||
|
| |||||||
Total Investment Companies (cost $6,641) |
| 9,378 | ||||||
|
| |||||||
RIGHT—0.0% ¥ | ||||||||
Brazil—0.0% ¥ | ||||||||
Cia Brasileira de Distribuicao Grupo Pao de Acucar ‡ | 119 | u | ||||||
Total Right (cost $u) | ||||||||
WARRANTS—0.0% ¥ | ||||||||
Australia—0.0% ¥ | ||||||||
TFS Corp., Ltd. ‡¶ | ||||||||
Expiration: 07/15/2018 | ||||||||
Exercise Price: AUD1.28 | 190,550 | 12 | ||||||
Canada—0.0% ¥ | ||||||||
Kinross Gold Corp. ‡ | ||||||||
Expiration: 09/03/2013 | ||||||||
Exercise Price: $32.00 | 9,602 | 5 | ||||||
United States—0.0% ¥ | ||||||||
Ford Motor Co. ‡ | ||||||||
Expiration: 01/01/2013 | ||||||||
Exercise Price: $9.20 | 43,117 | 104 | ||||||
|
| |||||||
Total Warrants (cost $235) | 121 | |||||||
|
|
Notional Amount (000’s) | Value (000’s) | |||||||
PURCHASED OPTIONS—0.2% | ||||||||
Call Options—0.0% ¥ | ||||||||
Citi TAIEX Index | $ | 2 | 4 | |||||
Citi TAIEX Index | 2 | 3 | ||||||
DAX Index | u | 12 | ||||||
Goldcorp, Inc. | 6 | 17 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 145 |
Transamerica Global Allocation
(formerly, Transamerica BlackRock Global Allocation)
CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Notional Amount (000’s) | Value (000’s) | |||||||
Call Options (continued) | ||||||||
Intel Corp. | $ | 18 | $ | 33 | ||||
Microsoft Corp. | 2 | 1 | ||||||
MSCI Europe Excluding United Kingdom Index | 11 | u | ||||||
MSCI Europe Excluding United Kingdom Index | 5 | u | ||||||
MSCI Europe Excluding United Kingdom Index | 15 | 3 | ||||||
MSCI Europe Excluding United Kingdom Index | 5 | 30 | ||||||
Nikkei 225 Index | u | 42 | ||||||
S&P 500 Index | 1 | 25 | ||||||
S&P 500 Index | u | 12 | ||||||
S&P 500 Index | 1 | 31 | ||||||
SPDR Gold Trust | 9 | 48 | ||||||
SPDR Gold Trust | 9 | 48 | ||||||
Taiwan TAIEX Index | 2 | u | ||||||
Taiwan TAIEX Index | 2 | u | ||||||
Taiwan TAIEX Index | 2 | 6 | ||||||
Taiwan TAIEX Index | 2 | 10 | ||||||
Taiwan TAIEX Index | 1 | 5 | ||||||
Taiwan TAIEX Index | 1 | 6 |
Notional Amount (000’s) | Value (000’s) | |||||||
Call Options (continued) | ||||||||
Taiwan TAIEX Index | $ | 3 | $ | 18 | ||||
TOPIX Index | JPY 135 | 16 | ||||||
Put Options—0.2% | ||||||||
CAC 40 Index | $ | u | 3 | |||||
CAC 40 Index | u | 62 | ||||||
CAC 40 Index | u | 63 | ||||||
CAC 40 Index | u | 2 | ||||||
CAC 40 Index | u | 3 | ||||||
CAC 40 Index | u | 22 | ||||||
CAC 40 Index | u | 5 | ||||||
CAC 40 Index | u | 30 | ||||||
CAC 40 Index | u | 5 | ||||||
CAC 40 Index | u | 32 | ||||||
ConocoPhillips | 33 | 173 | ||||||
DAX Index | u | 14 | ||||||
DAX Index | u | u | ||||||
DAX Index | u | 4 | ||||||
DAX Index | u | u | ||||||
FedEx Corp. | 4 | 17 | ||||||
FedEx Corp. | 1 | 4 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 146 |
Transamerica Global Allocation
(formerly, Transamerica BlackRock Global Allocation)
CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Notional Amount (000’s) | Value (000’s) | |||||||
Put Options (continued) | ||||||||
FedEx Corp. | $ | 2 | $ | 9 | ||||
Mead Johnson Nutrition Co. | 1 | u | ||||||
Mead Johnson Nutrition Co. | 12 | 28 | ||||||
Russell 2000 Index | 1 | u | ||||||
Russell 2000 Index | 1 | 11 | ||||||
Russell 2000 Index | u | 11 | ||||||
Russell 2000 Index | 1 | 18 | ||||||
Russell 2000 Index | 1 | 47 | ||||||
Russell 2000 Index | 1 | 32 | ||||||
S&P 500 Index | 1 | 11 | ||||||
Union Pacific Corp. | 5 | 3 | ||||||
|
| |||||||
Total Purchased Options (cost $1,743) |
| 979 | ||||||
|
|
Shares | Value (000’s) | |||||||
SECURITIES LENDING COLLATERAL—10.8% |
| |||||||
State Street Navigator Securities Lending Trust—Prime Portfolio, 0.29% p | 48,364,774 | 48,365 | ||||||
Total Securities Lending Collateral (cost $48,365) |
|
Principal (000’s) | Value (000’s) | |||||||
REPURCHASE AGREEMENT—0.2% |
| |||||||
State Street Bank & Trust Co. | $ | 773 | 773 | |||||
|
| |||||||
Total Repurchase Agreement (cost $773) |
| |||||||
Total Investment Securities (cost $466,052) P | 501,210 | |||||||
|
| |||||||
Other Assets and Liabilities—Net | (54,179 | ) | ||||||
|
| |||||||
Net Assets | $ | 447,031 | ||||||
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 147 |
Transamerica Global Allocation
(formerly, Transamerica BlackRock Global Allocation)
CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Notional Amount (000’s) | Value (000’s) | |||||||
WRITTEN OPTIONS—(0.4%) җ | ||||||||
Call Options—(0.2%) | ||||||||
Activision Blizzard, Inc. | $ | (11 | ) | $ | (15 | ) | ||
Alcoa, Inc. | (34 | ) | (32 | ) | ||||
Apple, Inc. | (3 | ) | (383 | ) | ||||
Applied Materials, Inc. | (38 | ) | (20 | ) | ||||
Cisco Systems, Inc. | (9 | ) | (16 | ) | ||||
DAX Index | (u | ) | (3 | ) | ||||
Dell, Inc. | (9 | ) | (22 | ) | ||||
Electronic Arts, Inc. | (12 | ) | (8 | ) | ||||
EMC Corp. | (6 | ) | (27 | ) | ||||
Goldcorp, Inc. | (6 | ) | (4 | ) | ||||
International Business Machines Corp. | (2 | ) | (37 | ) | ||||
Mattel, Inc. | (4 | ) | (5 | ) | ||||
Mattel, Inc. | (3 | ) | (7 | ) | ||||
McDonalds Corp. | (2 | ) | (4 | ) | ||||
Mead Johnson Nutrition Co. ə | (12 | ) | (23 | ) | ||||
MSCI Europe Excluding United Kingdom Index | (15 | ) | (u | ) | ||||
NetApp, Inc. | (12 | ) | (39 | ) | ||||
Nikkei 225 Index | (u | ) | (14 | ) | ||||
Ralph Lauren Corp. | (u | ) | (1 | ) | ||||
Russell 2000 Index | (1 | ) | (10 | ) |
Notional Amount (000’s) | Value (000’s) | |||||||
Call Options (continued) | ||||||||
Russell 2000 Index | $ | (1 | ) | $ | (20 | ) | ||
Russell 2000 Index | (1 | ) | (12 | ) | ||||
Russell 2000 Index | (u | ) | (16 | ) | ||||
Russell 2000 Index | (1 | ) | (34 | ) | ||||
Russell 2000 Index | (1 | ) | (41 | ) | ||||
SanDisk Corp. | (6 | ) | (8 | ) | ||||
Sara Lee Corp. | (27 | ) | (38 | ) | ||||
SM Energy Co. | (2 | ) | (u | ) | ||||
Unilever NV | (932 | ) | (7 | ) | ||||
Universal Health Services, Inc. | (6 | ) | (22 | ) | ||||
US Bancorp | (7 | ) | (17 | ) | ||||
Valeant Pharmaceuticals, Inc. | (2 | ) | (25 | ) | ||||
Vertex Pharmaceuticals, Inc. | (7 | ) | (41 | ) | ||||
Vertex Pharmaceuticals, Inc. | (6 | ) | (38 | ) | ||||
Whiting Petroleum Corp. | (6 | ) | (63 | ) | ||||
Whiting Petroleum Corp. | (3 | ) | (6 | ) | ||||
Put Options—(0.2%) | ||||||||
CAC-40 Index | (1 | ) | (31 | ) | ||||
CAC-40 Index | (1 | ) | (25 | ) | ||||
CAC-40 Index | (1 | ) | (29 | ) | ||||
CAC-40 Index | (1 | ) | (16 | ) |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 148 |
Transamerica Global Allocation
(formerly, Transamerica BlackRock Global Allocation)
CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Notional Amount (000’s) | Value (000’s) | |||||||
Put Options (continued) | ||||||||
CAC-40 Index | $ | (1 | ) | $ | (26 | ) | ||
Citi TAIEX Index | (2 | ) | (25 | ) | ||||
Citi TAIEX Index | (2 | ) | (33 | ) | ||||
ConocoPhillips | (33 | ) | (46 | ) | ||||
DAX Index | (u | ) | (1 | ) | ||||
DAX Index | | (u | ) | (4 | ) | |||
FedEx Corp. ə | (2 | ) | (2 | ) | ||||
Goldcorp, Inc. | (6 | ) | (16 | ) | ||||
Intel Corp. | (18 | ) | (5 | ) | ||||
Mattel, Inc. | (18 | ) | (9 | ) | ||||
Mead Johnson Nutrition Co. ə | (12 | ) | (12 | ) | ||||
MSCI Europe Excluding United Kingdom Index | (15 | ) | (85 | ) | ||||
MSCI Europe Excluding United Kingdom Index | (5 | ) | (46 | ) | ||||
MSCI Europe Excluding United Kingdom Index | (11 | ) | (117 | ) | ||||
Nikkei 225 Index | (u | ) | (32 | ) | ||||
Quicksilver Resources, Inc. | (10 | ) | (15 | ) | ||||
Russell 2000 Index | (1 | ) | (19 | ) | ||||
Russell 2000 Index | (1 | ) | (10 | ) | ||||
Russell 2000 Index | (1 | ) | (18 | ) |
Notional Amount (000’s) | Value (000’s) | |||||||
Put Options (continued) | ||||||||
Russell 2000 Index | $ | (1 | ) | $ | (2 | ) | ||
Russell 2000 Index | | (u | ) | (4 | ) | |||
Russell 2000 Index | (1 | ) | | (u | ) | |||
S&P 500 Index | (1 | ) | (8 | ) | ||||
S&P 500 Index ə | (1 | ) | (12 | ) | ||||
S&P 500 Index | (1 | ) | (1 | ) | ||||
Taiwan TAIEX Index | (2 | ) | (56 | ) | ||||
Taiwan TAIEX Index | (2 | ) | (31 | ) | ||||
Taiwan TAIEX Index | (2 | ) | (49 | ) | ||||
Taiwan TAIEX Index | (1 | ) | (21 | ) | ||||
Taiwan TAIEX Index | (1 | ) | (25 | ) | ||||
Taiwan TAIEX Index | (2 | ) | (57 | ) | ||||
Taiwan TAIEX Index | (2 | ) | (44 | ) | ||||
TOPIX Index | (74 | ) | (u | ) | ||||
|
| |||||||
Total Written Options (premiums: $(1,878)) |
| (1,990 | ) | |||||
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 149 |
Transamerica Global Allocation
(formerly, Transamerica BlackRock Global Allocation)
CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
FORWARD FOREIGN CURRENCY CONTRACTS:
Currency | Counterparty | Contracts Bought (Sold) (000’s) | Settlement Date | Amount in U.S. Dollars Bought (Sold) (000’s) | Net Unrealized Appreciation (Depreciation) (000’s) | |||||||||||
Australian Dollar | GSC | (35 | ) | 05/15/2012 | $ | (35 | ) | $ | (u | ) | ||||||
Australian Dollar | JPM | (1,160 | ) | 05/31/2012 | (1,190 | ) | (14 | ) | ||||||||
Australian Dollar | UBS | (379 | ) | 05/31/2012 | (389 | ) | (5 | ) | ||||||||
Australian Dollar | JPM | (1,453 | ) | 11/15/2012 | (1,421 | ) | (65 | ) | ||||||||
Australian Dollar | GSC | (753 | ) | 11/15/2012 | (760 | ) | (9 | ) | ||||||||
Australian Dollar | GSC | (735 | ) | 11/15/2012 | (745 | ) | (6 | ) | ||||||||
Australian Dollar | JPM | 1,453 | 11/15/2012 | 1,418 | 66 | |||||||||||
Brazilian Real | JPM | (603 | ) | 06/04/2012 | (325 | ) | 11 | |||||||||
Brazilian Real | UBS | (753 | ) | 06/04/2012 | (400 | ) | 8 | |||||||||
Brazilian Real | BCLY | (602 | ) | 06/04/2012 | (325 | ) | 12 | |||||||||
Chinese Yuan Renminbi | CSFB | 4,337 | 05/18/2012 | 687 | u | |||||||||||
Chinese Yuan Renminbi | UBS | 3,851 | 05/25/2012 | 608 | 2 | |||||||||||
Euro | UBS | (884 | ) | 05/18/2012 | (1,158 | ) | (11 | ) | ||||||||
Euro | UBS | (468 | ) | 05/24/2012 | (613 | ) | (7 | ) | ||||||||
Euro | CSFB | (1,148 | ) | 05/24/2012 | (1,506 | ) | (16 | ) | ||||||||
Euro | DUB | (788 | ) | 05/31/2012 | (1,036 | ) | (7 | ) | ||||||||
Euro | CSFB | (613 | ) | 05/31/2012 | (809 | ) | (2 | ) | ||||||||
Euro | DUB | (743 | ) | 05/31/2012 | (981 | ) | (3 | ) | ||||||||
Japanese Yen | UBS | 89,408 | 05/10/2012 | 1,100 | 20 | |||||||||||
Japanese Yen | CSFB | (120,000 | ) | 05/14/2012 | (1,570 | ) | 65 | |||||||||
Japanese Yen | CSFB | 40,000 | 05/14/2012 | 516 | (15 | ) | ||||||||||
Japanese Yen | DUB | 40,619 | 06/01/2012 | 500 | 9 | |||||||||||
Japanese Yen | CSFB | (16,082 | ) | 06/07/2012 | (200 | ) | (1 | ) | ||||||||
Mexican Peso | UBS | (10,750 | ) | 05/03/2012 | (845 | ) | 20 | |||||||||
Mexican Peso | JPM | (7,009 | ) | 07/26/2012 | (528 | ) | (6 | ) | ||||||||
Mexican Peso | JPM | (5,408 | ) | 07/26/2012 | (409 | ) | (2 | ) | ||||||||
Mexican Peso | JPM | (2,700 | ) | 07/26/2012 | (204 | ) | (1 | ) | ||||||||
Mexican Peso | DUB | (3,641 | ) | 08/23/2012 | (277 | ) | u | |||||||||
Mexican Peso | CSFB | (15,867 | ) | 09/06/2012 | (1,185 | ) | (19 | ) | ||||||||
Mexican Peso | UBS | (10,789 | ) | 10/18/2012 | (817 | ) | 2 | |||||||||
Norwegian Krone | UBS | 2,889 | 05/24/2012 | 498 | 7 | |||||||||||
Norwegian Krone | DUB | 1,945 | 05/24/2012 | 335 | 5 | |||||||||||
Pound Sterling | DUB | (1,096 | ) | 05/18/2012 | (1,742 | ) | (37 | ) | ||||||||
Pound Sterling | JPM | (615 | ) | 05/18/2012 | (977 | ) | (20 | ) | ||||||||
Pound Sterling | JPM | (896 | ) | 05/31/2012 | (1,429 | ) | (26 | ) | ||||||||
Pound Sterling | DUB | (254 | ) | 06/08/2012 | (410 | ) | (2 | ) | ||||||||
Pound Sterling | GSC | (383 | ) | 06/08/2012 | (618 | ) | (3 | ) | ||||||||
Republic of Korea Won | DUB | 638,455 | 05/07/2012 | 567 | (2 | ) | ||||||||||
Singapore Dollar | JPM | 507 | 05/25/2012 | 405 | 4 | |||||||||||
Singapore Dollar | HSBC | 442 | 06/01/2012 | 355 | 2 | |||||||||||
Singapore Dollar | JPM | 1,625 | 06/01/2012 | 1,300 | 13 | |||||||||||
Taiwan Dollar | HSBC | 17,172 | 05/18/2012 | 582 | 6 | |||||||||||
|
| |||||||||||||||
$ | (27 | ) | ||||||||||||||
|
|
FORWARD FOREIGN CROSS CURRENCY CONTRACTS:
Currency | Counterparty | Contracts Bought (Sold) (000’s) | Settlement Date | Amount in U.S. Dollars Bought (Sold) (000’s) | Net Unrealized Appreciation (Depreciation) (000’s) | |||||||||||
Euro | UBS | 72 | 05/25/2012 | $ | 96 | $ | 1 | |||||||||
Swiss Franc | UBS | (87 | ) | 05/25/2012 | (96 | ) | (1 | ) | ||||||||
Swiss Franc | CSFB | 847 | 05/25/2012 | 934 | 9 | |||||||||||
Euro | CSFB | (705 | ) | 05/25/2012 | (933 | ) | (8 | ) | ||||||||
Swiss Franc | UBS | 1,224 | 06/08/2012 | 1,350 | 6 | |||||||||||
Euro | UBS | (1,019 | ) | 06/08/2012 | (1,349 | ) | (6 | ) | ||||||||
|
| |||||||||||||||
$ | 1 | |||||||||||||||
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 150 |
Transamerica Global Allocation
(formerly, Transamerica BlackRock Global Allocation)
CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
OTC SWAP AGREEMENTS: ß
INTEREST RATE SWAP AGREEMENTS—FIXED RATE PAYABLE:
Floating Rate Index | Fixed Rate | Maturity Date | Counterparty | Currency Code | Notional Amount (000’s) | Market Value (000’s) | Premiums Paid (Received) (000’s) | Net Unrealized Appreciation (000’s) | ||||||||||||||||||||||||
3-Month USD-LIBOR | 1.63 | % | 09/12/2015 | UBS | USD | $ | 5,748 | $ | 31 | $ | — | $ | 31 | |||||||||||||||||||
3-Month USD-LIBOR | 1.57 | 09/15/2015 | UBS | USD | 5,512 | 25 | — | 25 | ||||||||||||||||||||||||
3-Month USD-LIBOR | 1.56 | 09/23/2015 | BOA | USD | 5,574 | 24 | — | 24 | ||||||||||||||||||||||||
|
|
|
|
|
| |||||||||||||||||||||||||||
$ | 80 | $ | — | $ | 80 | |||||||||||||||||||||||||||
|
|
|
|
|
|
TOTAL RETURN SWAP AGREEMENTS—PAYABLE: (A)
Reference Entity | Fixed Rate | Termination Date | Counterparty | Notional Amount (000’s) | Market Value (000’s) | Premiums Paid (Received) (000’s) | Net Unrealized Appreciation (000’s) | |||||||||||||||||||||
HSCEI Dividend Point Index Futures | 1.00 | % | 12/31/2012 | CITI | $ | 230 | $ | 23 | $ | — | $ | 23 | ||||||||||||||||
SGX Nikkei Stock Average Dividend Point Index Futures | 1.00 | 03/31/2014 | CITI | 242 | 36 | — | 36 | |||||||||||||||||||||
|
|
|
|
|
| |||||||||||||||||||||||
$ | 59 | $ | — | $ | 59 | |||||||||||||||||||||||
|
|
|
|
|
|
FUTURES CONTRACTS:
Description | Type | Contracts | Expiration Date | Net Unrealized Appreciation (Depreciation) (000’s) | ||||||||||||
MSCI Taiwan Index | Short | (6 | ) | 05/30/2012 | $ | 1 | ||||||||||
Nikkei 225 Index | Short | (2 | ) | 06/07/2012 | 7 | |||||||||||
S&P 500 E-Mini Index | Short | (4 | ) | 06/15/2012 | (5 | ) | ||||||||||
|
| |||||||||||||||
$ | 3 | |||||||||||||||
|
|
Collateral (Received) Pledged for OTC Financial Derivative Instruments
The following is a summary by counterparty of the market value of OTC financial derivative instruments and collateral (received)/pledged as of 04/30/2012:
Counterparty | Total Market Value of OTC Derivatives (000’s) | Collateral (Received)/Pledged (000’s) | Net Exposures (1) (000’s) | |||||||||
BCLY | $ | 12 | $ | — | $ | 12 | ||||||
BOA | 24 | — | 24 | |||||||||
CITI | 59 | 91 | 150 | |||||||||
CSFB | 13 | — | 13 | |||||||||
DUB | (37 | ) | (100 | ) | (137 | ) | ||||||
GSC | (18 | ) | — | (18 | ) | |||||||
HSBC | 8 | — | 8 | |||||||||
JPM | (40 | ) | — | (40 | ) | |||||||
UBS | 92 | 1,231 | 1,323 |
(1) | Net exposure represents the net receivable/(payable) that would be due from/to the counterparty in the event of default. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 151 |
Transamerica Global Allocation
(formerly, Transamerica BlackRock Global Allocation)
CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
INVESTMENTS BY INDUSTRY: | Percentage of Total Investments | Value (000’s) | ||||||
Foreign Government Obligation | 7.3 | % | $ | 36,794 | ||||
Oil, Gas & Consumable Fuels | 7.3 | 36,678 | ||||||
U.S. Government Obligation | 6.5 | 32,769 | ||||||
Pharmaceuticals | 3.3 | 16,741 | ||||||
Metals & Mining | 3.2 | 15,849 | ||||||
Commercial Banks | 2.8 | 14,082 | ||||||
Capital Markets | 2.7 | 13,602 | ||||||
Diversified Telecommunication Services | 2.6 | 13,094 | ||||||
Software | 2.3 | 11,424 | ||||||
Computers & Peripherals | 2.3 | 11,346 | ||||||
Diversified Financial Services | 2.1 | 10,535 | ||||||
Insurance | 2.0 | 9,926 | ||||||
Chemicals | 2.0 | 9,896 | ||||||
Health Care Providers & Services | 1.9 | 9,420 | ||||||
Industrial Conglomerates | 1.6 | 8,291 | ||||||
Automobiles | 1.6 | 8,207 | ||||||
Food Products | 1.4 | 7,296 | ||||||
Wireless Telecommunication Services | 1.4 | 6,812 | ||||||
Real Estate Management & Development | 1.3 | 6,466 | ||||||
Semiconductors & Semiconductor Equipment | 1.2 | 5,955 | ||||||
Electric Utilities | 1.2 | 5,894 | ||||||
Energy Equipment & Services | 1.1 | 5,330 | ||||||
Communications Equipment | 1.0 | 5,287 | ||||||
IT Services | 1.0 | 4,907 | ||||||
Health Care Equipment & Supplies | 0.9 | 4,713 | ||||||
Aerospace & Defense | 0.9 | 4,468 | ||||||
Media | 0.9 | 4,433 | ||||||
Food & Staples Retailing | 0.8 | 4,066 | ||||||
Electronic Equipment & Instruments | 0.8 | 3,916 | ||||||
Machinery | 0.7 | 3,448 | ||||||
Road & Rail | 0.7 | 3,356 | ||||||
Biotechnology | 0.6 | 2,916 | ||||||
Internet Software & Services | 0.6 | 2,870 | ||||||
Tobacco | 0.6 | 2,858 | ||||||
Auto Components | 0.6 | 2,815 | ||||||
Trading Companies & Distributors | 0.6 | 2,810 | ||||||
Beverages | 0.5 | 2,622 | ||||||
Life Sciences Tools & Services | 0.5 | 2,498 | ||||||
Real Estate Investment Trusts | 0.5 | 2,348 | ||||||
Household Products | 0.5 | 2,335 | ||||||
Independent Power Producers & Energy Traders | 0.4 | 2,003 | ||||||
Electrical Equipment | 0.4 | 1,972 | ||||||
Construction & Engineering | 0.3 | 1,639 | ||||||
Multi-Utilities | 0.3 | 1,603 | ||||||
Consumer Finance | 0.3 | 1,547 | ||||||
Household Durables | 0.3 | 1,521 | ||||||
Gas Utilities | 0.2 | 1,205 | ||||||
Textiles, Apparel & Luxury Goods | 0.2 | 991 | ||||||
Derivative | 0.2 | 979 | ||||||
Hotels, Restaurants & Leisure | 0.2 | 949 | ||||||
Transportation Infrastructure | 0.2 | 880 | ||||||
Office Electronics | 0.2 | 796 | ||||||
Paper & Forest Products | 0.2 | 783 | ||||||
Specialty Retail | 0.2 | 778 | ||||||
Personal Products | 0.1 | 773 | ||||||
Leisure Equipment & Products | 0.1 | 683 | ||||||
Construction Materials | 0.1 | 678 | ||||||
Thrifts & Mortgage Finance | 0.1 | 624 | ||||||
Commercial Services & Supplies | 0.1 | 530 | ||||||
Mortgage-Backed Security | 0.1 | 347 | ||||||
Water Utilities | 0.1 | 292 | ||||||
Asset-Backed Security | 0.1 | 282 | ||||||
Professional Services | 0.0 | ¥ | 268 | |||||
Building Products | 0.0 | ¥ | 267 | |||||
Containers & Packaging | 0.0 | ¥ | 205 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 152 |
Transamerica Global Allocation
(formerly, Transamerica BlackRock Global Allocation)
CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
INVESTMENTS BY INDUSTRY (continued): | Percentage of Total Investments | Value (000’s) | ||||||
Multiline Retail | 0.0 | %¥ | $ | 62 | ||||
Internet & Catalog Retail | 0.0 | ¥ | 59 | |||||
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Investment Securities, at Value | 76.2 | 381,789 | ||||||
Short-Term Investments | 23.8 | 119,421 | ||||||
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Total Investments | 100.0 | % | $ | 501,210 | ||||
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NOTES TO SCHEDULE OF INVESTMENTS (all amounts in thousands):
^ | All or a portion of this security is on loan. The value of all securities on loan is $46,985. |
¥ | Percentage rounds to less than 0.1%. |
* | Floating or variable rate note. Rate is listed as of 04/30/2012. |
ž | The security has a perpetual maturity. The date shown is the next call date. |
ə | Fair valued as determined in good faith in accordance with procedures established by the Board of Trustees. Total aggregate market value of fair valued securities is $180, or 0.04% of the fund’s net assets, and total aggregate market value of fair valued derivatives is $(49), or (0.01)% of the fund’s net assets. |
p | Rate shown reflects the yield at 04/30/2012. |
Џ | In default. |
‡ | Non-income producing security. |
P | Aggregate cost for federal income tax purposes is $466,052. Aggregate gross unrealized appreciation/depreciation for all securities in which there is an excess of value over tax cost were $55,844 and $20,686, respectively. Net unrealized appreciation for tax purposes is $35,158. |
u | Amount is less than 1. |
§ | Illiquid. These securities aggregated to $5,613, or 1.26%, of the fund’s net assets. |
b | Cash, in the amount of $100, has been pledged as collateral with the broker for open swaps contracts. |
g | A portion of this security in the amount of $58 has been segregated as collateral with the broker to cover margin requirements for open futures contracts. |
n | A portion of these securities in the amount of $6,851 has been segregated with the broker to cover open written options. |
җ | Cash in the amount of $1,231 has been segregated with the borker to cover open written options. |
a | A portion of this security in the amount of $91 has been segregated as collateral with the broker for open swaps contracts. |
(A) | At the termination date, a net cash flow is exchanged where the total return is equivalent to the return of the reference index less a financing rate, if any. As a receiver, the fund would receive payments based on any positive total return and would owe payments in the event of a negative total return. As the payer, the fund would owe payments on any net positive total return, and would receive payment in the event of a negative total return. |
DEFINITIONS (all amounts in thousands):
144A | 144A Securities are registered pursuant to Rule 144A of the Securities Act of 1933. These securities are deemed to be liquid for purposes of compliance limitations on holdings of illiquid securities and may be resold as transactions exempt from registration, normally to qualified institutional buyers. At 04/30/2012, these securities aggregated $10,370, or 2.32% of the fund’s net assets. |
ADR | American Depositary Receipt |
BCLY | Barclays Bank PLC |
BOA | Bank of America |
CITI | Citigroup, Inc. |
CSFB | Credit Suisse First Boston |
DUB | Deutsche Bank AG |
GDR | Global Depositary Receipt |
GSC | Goldman Sachs & Co. |
HSBC | HSBC Bank USA |
JPM | JPMorgan Chase & Co. |
JSC | Joint Stock Company |
LIBOR | London Interbank Offered Rate |
OTC | Over the Counter |
OJSC | Open Joint Stock Company |
PJSC | Private Joint Stock Company |
REIT | Real Estate Investment Trust (includes domestic REITs and Foreign Real Estate Investment Companies) |
UBS | UBS Warburg LLC |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 153 |
Transamerica Global Allocation
(formerly, Transamerica BlackRock Global Allocation)
CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
CURRENCY ABBREVIATIONS:
AUD | Australian Dollar |
BRL | Brazilian Real |
CAD | Canadian Dollar |
CNY | Chinese Yuan Renminbi |
EUR | Euro |
GBP | Pound Sterling |
HKD | Hong Kong Dollar |
JPY | Japanese Yen |
MXN | Mexican Peso |
MYR | Malaysian Riggit |
PLN | Polish Zloty |
SGD | Singapore Dollar |
USD | United States Dollar |
VALUATION SUMMARY (all amounts in thousands): '
Investment Securities | Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Value at 04/30/2012 | ||||||||||||
Asset-Backed Security | $ | — | $ | 282 | $ | — | $ | 282 | ||||||||
Common Stocks | 168,797 | 96,550 | 28 | 265,375 | ||||||||||||
Convertible Bonds | — | 13,365 | — | 13,365 | ||||||||||||
Convertible Preferred Stocks | 2,904 | 168 | — | 3,072 | ||||||||||||
Corporate Debt Securities | — | 13,586 | u | 13,586 | ||||||||||||
Foreign Government Obligations | — | 36,794 | — | 36,794 | ||||||||||||
Investment Companies | 9,378 | — | — | 9,378 | ||||||||||||
Loan Assignments | — | 1,282 | — | 1,282 | ||||||||||||
Mortgage-Backed Securities | — | 347 | — | 347 | ||||||||||||
Preferred Corporate Debt Securities | — | 195 | — | 195 | ||||||||||||
Preferred Stocks | 2,822 | 1,422 | — | 4,244 | ||||||||||||
Purchased Options | 908 | 71 | — | 979 | ||||||||||||
Repurchase Agreement | — | 773 | — | 773 | ||||||||||||
Right | — | u | — | u | ||||||||||||
Securities Lending Collateral | 48,365 | — | — | 48,365 | ||||||||||||
Short-Term Foreign Government Obligations | — | 8,379 | — | 8,379 | ||||||||||||
Short-Term U.S. Government Obligations | — | 61,904 | — | 61,904 | ||||||||||||
U.S. Government Obligations | — | 32,769 | — | 32,769 | ||||||||||||
Warrants | 109 | 12 | — | 121 | ||||||||||||
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Total | $ | 233,283 | $ | 267,899 | $ | 28 | $ | 501,210 | ||||||||
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Other Financial Instruments | Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Value at 04/30/2012 | ||||||||||||
Written Options | $ | — | $ | (1,990 | ) | $ | — | $ | (1,990 | ) | ||||||
Other Financial Instruments ₣ | Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Value at 04/30/2012 | ||||||||||||
Futures Contracts—Appreciation | $ | 8 | $ | — | $ | — | $ | 8 | ||||||||
Futures Contracts—Depreciation | (5 | ) | — | — | (5 | ) | ||||||||||
Forward Foreign Cross Currency Contracts—Appreciation | — | 16 | — | 16 | ||||||||||||
Forward Foreign Cross Currency Contracts—Depreciation | — | (15 | ) | — | (15 | ) | ||||||||||
Forward Foreign Currency Contracts—Appreciation | — | 252 | — | 252 | ||||||||||||
Forward Foreign Currency Contracts—Depreciation | — | (279 | ) | — | (279 | ) | ||||||||||
Interest Rate Swaps—Appreciation | — | 80 | — | 80 | ||||||||||||
Total Return Swap—Appreciation | — | 59 | — | 59 | ||||||||||||
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Total | $ | 3 | $ | 113 | $ | — | $ | 116 | ||||||||
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The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 154 |
Transamerica Global Allocation
(formerly, Transamerica BlackRock Global Allocation)
CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
VALUATION SUMMARY (continued) (all amounts in thousands): '
Level 3 Rollforward—Investment Securities
Security | Beginning Balance at 10/31/2011 | Purchases | Sales | Accrued Discounts/ (Premiums) | Total Realized Gain/(Loss) | Net Change in Unrealized Appreciation / (Depreciation) ƒ | Transfers into Level 3 | Transfers out of Level 3f | Ending Balance at 04/30/2012 | Net Change in Unrealized Appreciation/ (Depreciation) on Investments Held at 04/30/2012 ƒ | ||||||||||||||||||||||||||||||
Common Stocks | $ | 463 | $ | 5 | $ | (7 | ) | $ | — | $ | (2 | ) | $ | (122 | ) | $ | — | $ | (309 | ) | $ | 28 | $ | (122 | ) | |||||||||||||||
Corporate Debt Securities | u | — | — | — | — | — | — | — | u | — | ||||||||||||||||||||||||||||||
Loan Assignments | 374 | 12 | (386 | ) | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||
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Total | $ | 837 | $ | 17 | $ | (393 | ) | $ | — | $ | (2 | ) | $ | (122 | ) | $ | — | $ | (309 | ) | $ | 28 | $ | (122 | ) | |||||||||||||||
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' | See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
₣ | Other financial instruments are derivative instruments that are valued at unrealized appreciation (depreciation) on the instrument. |
ƒ | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at 04/30/2012 may be due to an investment no longer held or categorized as Level 3 at period end. |
f | Transferred out of Level 3 because of availability of observable inputs. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 155 |
Transamerica Managed Futures Strategy
(formerly, Transamerica AQR Managed Futures Strategy)
CONSOLIDATED SCHEDULE OF INVESTMENTS
At April 30, 2012
(unaudited)
Shares | Value (000’s) | |||||||
INVESTMENT COMPANIES—83.7% |
| |||||||
Capital Markets—75.3% | ||||||||
Dreyfus Treasury Cash Management | 82,494,046 | $ | 82,494 | |||||
UBS Select Treasury Preferred | 103,117,587 | 103,117 | ||||||
Money Market—8.4% |
| |||||||
BlackRock Liquidity Funds T-Fund Portfolio | 20,623,538 | 20,624 | ||||||
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Total Investment Securities (cost $206,235) Õ | 206,235 | |||||||
Other Assets and Liabilities—Net | 40,037 | |||||||
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Net Assets | $ | 246,272 | ||||||
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OTC SWAP AGREEMENTS: ß
TOTAL RETURN SWAP AGREEMENTS—RECEIVABLE: (A)
Reference Entity | Termination Date | Counterparty | Notional Amount (000’s) | Market Value (000’s) | Premiums Paid(Received) (000’s) | Net Unrealized Appreciation (Depreciation) (000’s) | ||||||||||||||||
2-Year Euro-Schatz Futures | 06/08/2012 | BOA | $ | 37,186 | $ | 49 | $ | — | $ | 49 | ||||||||||||
2-Year U.S. Treasury Note Futures | 06/01/2012 | BOA | 93,732 | 69 | — | 69 | ||||||||||||||||
5-Year U.S. Treasury Note Futures | 06/01/2012 | BOA | 2,105 | 11 | — | 11 | ||||||||||||||||
Soy Meal July Futures | 06/22/2012 | BCLY | 2,961 | 316 | — | 316 | ||||||||||||||||
Soybean July Futures | 06/22/2012 | BOA | 527 | 28 | — | 28 | ||||||||||||||||
Swiss Market Index Futures | 06/15/2012 | RBS | 2,944 | (31 | ) | (11 | ) | (20 | ) | |||||||||||||
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$ | 442 | $ | (11 | ) | $ | 453 | ||||||||||||||||
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TOTAL RETURN SWAP AGREEMENTS—PAYABLE: (A) | ||||||||||||||||||||||
Reference Entity | Termination Date | Counterparty | Notional Amount (000’s) | Market Value (000’s) | Premiums Paid(Received) (000’s) | Net Unrealized Appreciation (Depreciation) (000’s) | ||||||||||||||||
Cocoa July Futures | 06/01/2012 | BCLY | $ | 2,064 | $ | (65 | ) | $ | — | $ | (65 | ) | ||||||||||
Coffee July Futures | 06/08/2012 | BCLY | 539 | 11 | — | 11 | ||||||||||||||||
Gold June Futures | 05/30/2012 | BCLY | 1,498 | (18 | ) | — | (18 | ) | ||||||||||||||
Lean Hog June Futures | 06/14/2012 | BCLY | 2,234 | 58 | — | 58 | ||||||||||||||||
LME Aluminum June | 06/18/2012 | BCLY | 1,051 | (2 | ) | — | (2 | ) | ||||||||||||||
LME Copper June | 06/18/2012 | BCLY | 1,895 | (95 | ) | — | (95 | ) | ||||||||||||||
Silver July Futures | 06/28/2012 | BCLY | 2,791 | 9 | — | 9 | ||||||||||||||||
Soy Oil July Futures | 06/22/2012 | BCLY | 1,453 | 46 | — | 46 | ||||||||||||||||
Wheat July Futures | 06/13/2012 | BCLY | 851 | (26 | ) | — | (26 | ) | ||||||||||||||
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$ | (82 | ) | $ | — | $ | (82 | ) | |||||||||||||||
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FUTURES CONTRACTS: Б
Description | Type | Contracts | Expiration Date | Net Unrealized Appreciation (Depreciation) (000’s) | ||||||||||||
10-Year Australian Treasury Bond | Long | 70 | 06/15/2012 | $ | 77 | |||||||||||
10-Year Government of Canada Bond | Long | 7 | 06/20/2012 | (3 | ) | |||||||||||
10-Year Japan Government Bond | Long | 29 | 06/11/2012 | 271 | ||||||||||||
10-Year U.S. Treasury Note | Long | 77 | 06/20/2012 | 72 | ||||||||||||
2-Year U.S. Treasury Note | Long | 26 | 06/29/2012 | 3 | ||||||||||||
30-Year U.S. Treasury Bond | Long | 30 | 06/20/2012 | 33 | ||||||||||||
3-Month Aluminum | Short | (1 | ) | 05/09/2012 | 5 | |||||||||||
3-Month Aluminum | Long | 1 | 05/09/2012 | (5 | ) | |||||||||||
3-Month Aluminum | Long | 12 | 05/17/2012 | (23 | ) |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 156 |
Transamerica Managed Futures Strategy
(formerly, Transamerica AQR Managed Futures Strategy)
CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
FUTURES CONTRACTS (continued): Б
Description | Type | Contracts | Expiration Date | Net Unrealized Appreciation (Depreciation) (000’s) | ||||||||||||
3-Month Aluminum | Short | (12 | ) | 05/17/2012 | $ | 26 | ||||||||||
3-Month Aluminum | Short | (9 | ) | 05/21/2012 | 27 | |||||||||||
3-Month Aluminum | Long | 9 | 05/21/2012 | (30 | ) | |||||||||||
3-Month Aluminum | Long | 14 | 05/23/2012 | (68 | ) | |||||||||||
3-Month Aluminum | Short | (14 | ) | 05/23/2012 | 66 | |||||||||||
3-Month Aluminum | Long | 9 | 05/24/2012 | (42 | ) | |||||||||||
3-Month Aluminum | Short | (9 | ) | 05/24/2012 | 46 | |||||||||||
3-Month Aluminum | Short | (10 | ) | 05/29/2012 | 56 | |||||||||||
3-Month Aluminum | Long | 10 | 05/29/2012 | (58 | ) | |||||||||||
3-Month Aluminum | Short | (8 | ) | 06/19/2012 | 34 | |||||||||||
3-Month Aluminum | Long | 8 | 06/19/2012 | (31 | ) | |||||||||||
3-Month Aluminum | Short | (5 | ) | 06/22/2012 | 9 | |||||||||||
3-Month Aluminum | Long | 5 | 06/22/2012 | (10 | ) | |||||||||||
3-Month Aluminum | Short | (4 | ) | 06/26/2012 | 7 | |||||||||||
3-Month Aluminum | Long | 4 | 06/26/2012 | (7 | ) | |||||||||||
3-Month Aluminum | Short | (2 | ) | 06/28/2012 | 4 | |||||||||||
3-Month Aluminum | Long | 2 | 06/28/2012 | (4 | ) | |||||||||||
3-Month Aluminum | Long | 11 | 06/29/2012 | (11 | ) | |||||||||||
3-Month Aluminum | Short | (11 | ) | 06/29/2012 | 13 | |||||||||||
3-Month Aluminum | Short | (12 | ) | 07/02/2012 | 6 | |||||||||||
3-Month Aluminum | Long | 12 | 07/02/2012 | (5 | ) | |||||||||||
3-Month Aluminum | Short | (16 | ) | 07/03/2012 | 8 | |||||||||||
3-Month Aluminum | Long | 16 | 07/03/2012 | (7 | ) | |||||||||||
3-Month Aluminum | Long | 23 | 07/05/2012 | 1 | ||||||||||||
3-Month Aluminum | Short | (23 | ) | 07/05/2012 | (2 | ) | ||||||||||
3-Month Aluminum | Short | (30 | ) | 07/10/2012 | (17 | ) | ||||||||||
3-Month Aluminum | Long | 30 | 07/10/2012 | 3 | ||||||||||||
3-Month Aluminum | Short | (13 | ) | 07/11/2012 | (10 | ) | ||||||||||
3-Month Aluminum | Long | 13 | 07/11/2012 | 7 | ||||||||||||
3-Month Aluminum | Short | (4 | ) | 07/12/2012 | (1 | ) | ||||||||||
3-Month Aluminum | Long | 4 | 07/12/2012 | 1 | ||||||||||||
3-Month Aluminum | Short | (11 | ) | 07/16/2012 | (11 | ) | ||||||||||
3-Month Aluminum | Long | 11 | 07/16/2012 | 10 | ||||||||||||
3-Month Aluminum | Long | 4 | 07/17/2012 | 3 | ||||||||||||
3-Month Aluminum | Short | (4 | ) | 07/17/2012 | (4 | ) | ||||||||||
3-Month Aluminum | Short | (12 | ) | 07/23/2012 | (15 | ) | ||||||||||
3-Month Aluminum | Long | 12 | 07/23/2012 | 14 | ||||||||||||
3-Month Canadian Bankers’ Acceptance | Short | (54 | ) | 09/17/2012 | 12 | |||||||||||
3-Month Canadian Bankers’ Acceptance | Short | (11 | ) | 12/17/2012 | (1 | ) | ||||||||||
3-Month Copper | Short | (1 | ) | 05/09/2012 | 1 | |||||||||||
3-Month Copper | Long | 1 | 05/09/2012 | (2 | ) | |||||||||||
3-Month Copper | Long | 1 | 05/21/2012 | 2 | ||||||||||||
3-Month Copper | Short | (1 | ) | 05/21/2012 | (3 | ) | ||||||||||
3-Month Copper | Long | 1 | 06/07/2012 | 3 | ||||||||||||
3-Month Copper | Short | (1 | ) | 06/07/2012 | (4 | ) | ||||||||||
3-Month Copper | Long | 2 | 06/08/2012 | 2 | ||||||||||||
3-Month Copper | Short | (2 | ) | 06/08/2012 | (3 | ) | ||||||||||
3-Month Copper | Short | (1 | ) | 06/15/2012 | 4 | |||||||||||
3-Month Copper | Long | 1 | 06/15/2012 | (3 | ) | |||||||||||
3-Month Copper | Long | 1 | 06/19/2012 | (2 | ) | |||||||||||
3-Month Copper | Short | (1 | ) | 06/19/2012 | 2 | |||||||||||
3-Month Copper | Short | (2 | ) | 07/11/2012 | (17 | ) | ||||||||||
3-Month Copper | Long | 2 | 07/11/2012 | 17 | ||||||||||||
3-Month Copper | Long | 4 | 07/12/2012 | 29 | ||||||||||||
3-Month Copper | Short | (4 | ) | 07/12/2012 | (29 | ) | ||||||||||
3-Month Copper | Short | (1 | ) | 07/20/2012 | (9 | ) | ||||||||||
3-Month Copper | Long | 1 | 07/20/2012 | 8 | ||||||||||||
3-Month Copper | Short | (1 | ) | 07/23/2012 | (8 | ) | ||||||||||
3-Month Copper | Long | 1 | 07/23/2012 | 8 | ||||||||||||
3-Month Copper | Long | 1 | 07/24/2012 | 8 | ||||||||||||
3-Month Copper | Short | (1 | ) | 07/24/2012 | (8 | ) | ||||||||||
3-Month EURIBOR | Long | 187 | 09/17/2012 | 125 | ||||||||||||
3-Month EURIBOR | Long | 154 | 12/17/2012 | 90 | ||||||||||||
3-Month EURIBOR | Long | 132 | 03/18/2013 | 80 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 157 |
Transamerica Managed Futures Strategy
(formerly, Transamerica AQR Managed Futures Strategy)
CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
FUTURES CONTRACTS (continued): Б
Description | Type | Contracts | Expiration Date | Net Unrealized Appreciation (Depreciation) (000’s) | ||||||||||||
3-Month EURIBOR | Long | 122 | 06/17/2013 | $ | 71 | |||||||||||
3-Month EURIBOR | Long | 115 | 09/16/2013 | 67 | ||||||||||||
3-Month EURIBOR | Long | 110 | 12/16/2013 | 68 | ||||||||||||
3-Month EURIBOR | Long | 109 | 03/17/2014 | 65 | ||||||||||||
3-Month Euroswiss | Long | 39 | 09/17/2012 | (9 | ) | |||||||||||
3-Month Euroswiss | Long | 49 | 12/17/2012 | (14 | ) | |||||||||||
3-Month Nickel | Short | (1 | ) | 05/08/2012 | 22 | |||||||||||
3-Month Nickel | Long | 1 | 05/08/2012 | (22 | ) | |||||||||||
3-Month Nickel | Long | 4 | 06/22/2012 | (16 | ) | |||||||||||
3-Month Nickel | Short | (4 | ) | 06/22/2012 | 16 | |||||||||||
3-Month Nickel | Short | (3 | ) | 06/26/2012 | 7 | |||||||||||
3-Month Nickel | Long | 3 | 06/26/2012 | (6 | ) | |||||||||||
3-Month Nickel | Short | (4 | ) | 06/27/2012 | 9 | |||||||||||
3-Month Nickel | Long | 4 | 06/27/2012 | (8 | ) | |||||||||||
3-Month Nickel | Long | 4 | 06/28/2012 | u | ||||||||||||
3-Month Nickel | Short | (4 | ) | 06/28/2012 | (u | ) | ||||||||||
3-Month Nickel | Short | (7 | ) | 06/29/2012 | (16 | ) | ||||||||||
3-Month Nickel | Long | 7 | 06/29/2012 | 13 | ||||||||||||
3-Month Nickel | Short | (1 | ) | 07/18/2012 | (u | ) | ||||||||||
3-Month Nickel | Long | 1 | 07/18/2012 | 1 | ||||||||||||
3-Month Nickel | Short | (1 | ) | 07/19/2012 | (1 | ) | ||||||||||
3-Month Nickel | Long | 1 | 07/19/2012 | 1 | ||||||||||||
3-Month Nickel | Short | (3 | ) | 07/23/2012 | (3 | ) | ||||||||||
3-Month Nickel | Long | 3 | 07/23/2012 | 3 | ||||||||||||
3-Month Sterling | Short | (75 | ) | 09/19/2012 | 3 | |||||||||||
3-Month Sterling | Short | (14 | ) | 12/19/2012 | u | |||||||||||
3-Month Sterling | Long | 44 | 03/20/2013 | (14 | ) | |||||||||||
3-Month Sterling | Long | 63 | 06/19/2013 | (19 | ) | |||||||||||
3-Month Sterling | Long | 59 | 09/18/2013 | (19 | ) | |||||||||||
3-Month Sterling | Long | 51 | 12/18/2013 | (19 | ) | |||||||||||
3-Month Sterling | Long | 44 | 03/19/2014 | (19 | ) | |||||||||||
3-Month Zinc | Long | 1 | 05/02/2012 | (2 | ) | |||||||||||
3-Month Zinc | Short | (1 | ) | 05/02/2012 | 1 | |||||||||||
3-Month Zinc | Short | (2 | ) | 07/10/2012 | (3 | ) | ||||||||||
3-Month Zinc | Long | 2 | 07/10/2012 | 3 | ||||||||||||
3-Month Zinc | Short | (9 | ) | 07/11/2012 | (17 | ) | ||||||||||
3-Month Zinc | Long | 9 | 07/11/2012 | 14 | ||||||||||||
3-Month Zinc | Short | (7 | ) | 07/12/2012 | (10 | ) | ||||||||||
3-Month Zinc | Long | 7 | 07/12/2012 | 9 | ||||||||||||
3-Month Zinc | Short | (3 | ) | 07/16/2012 | (6 | ) | ||||||||||
3-Month Zinc | Long | 3 | 07/16/2012 | 5 | ||||||||||||
3-Month Zinc | Long | 9 | 07/17/2012 | 14 | ||||||||||||
3-Month Zinc | Short | (9 | ) | 07/17/2012 | (16 | ) | ||||||||||
3-Month Zinc | Short | (5 | ) | 07/18/2012 | (8 | ) | ||||||||||
3-Month Zinc | Long | 5 | 07/18/2012 | 8 | ||||||||||||
3-Month Zinc | Short | (11 | ) | 07/19/2012 | (18 | ) | ||||||||||
3-Month Zinc | Long | 11 | 07/19/2012 | 17 | ||||||||||||
3-Month Zinc | Long | 1 | 07/24/2012 | 2 | ||||||||||||
3-Month Zinc | Short | (1 | ) | 07/24/2012 | (2 | ) | ||||||||||
3-Month Zinc | Short | (4 | ) | 07/26/2012 | (5 | ) | ||||||||||
3-Month Zinc | Long | 4 | 07/26/2012 | 4 | ||||||||||||
3-Year Australian Treasury Bond | Long | 289 | 06/15/2012 | 214 | ||||||||||||
5-Year U.S. Treasury Note | Long | 210 | 06/29/2012 | 145 | ||||||||||||
90-Day Eurodollar | Short | (17 | ) | 09/17/2012 | (1 | ) | ||||||||||
90-Day Eurodollar | Long | 5 | 12/17/2012 | u | ||||||||||||
90-Day Eurodollar | Long | 49 | 03/18/2013 | 2 | ||||||||||||
90-Day Eurodollar | Long | 104 | 06/17/2013 | 13 | ||||||||||||
90-Day Eurodollar | Long | 129 | 09/16/2013 | 26 | ||||||||||||
90-Day Eurodollar | Long | 124 | 12/16/2013 | 30 | ||||||||||||
90-Day Eurodollar | Long | 114 | 03/17/2014 | 34 | ||||||||||||
AEX Index | Short | (65 | ) | 05/18/2012 | (17 | ) | ||||||||||
Aluminum Hg | Short | (12 | ) | 06/08/2012 | 29 | |||||||||||
Aluminum Hg | Long | 12 | 06/08/2012 | (30 | ) | |||||||||||
Aluminum Hg | Long | 11 | 06/20/2012 | (46 | ) |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 158 |
Transamerica Managed Futures Strategy
(formerly, Transamerica AQR Managed Futures Strategy)
CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
FUTURES CONTRACTS (continued): Б
Description | Type | Contracts | Expiration Date | Net Unrealized Appreciation (Depreciation) (000’s) | ||||||||||||
Aluminum Hg | Short | (163 | ) | 06/20/2012 | $ | 41 | ||||||||||
ASX SPI 200 Index | Long | 20 | 06/21/2012 | 20 | ||||||||||||
Brent Crude Oil Penultimate Financial | Long | 27 | 05/15/2012 | (84 | ) | |||||||||||
CAC 40 Index | Short | (120 | ) | 05/18/2012 | (5 | ) | ||||||||||
Cocoa | Short | (66 | ) | 07/16/2012 | (67 | ) | ||||||||||
Coffee “C” | Short | (57 | ) | 07/19/2012 | 39 | |||||||||||
Copper LME | Short | (12 | ) | 06/20/2012 | (76 | ) | ||||||||||
Copper LME | Long | 4 | 06/20/2012 | (11 | ) | |||||||||||
Corn | Short | (173 | ) | 07/13/2012 | �� | (126 | ) | |||||||||
Cotton No. 2 | Short | (141 | ) | 07/09/2012 | (21 | ) | ||||||||||
DAX Index | Short | (5 | ) | 06/15/2012 | (21 | ) | ||||||||||
DJIA Mini Index | Long | 146 | 06/15/2012 | 79 | ||||||||||||
European Gasoil (ICE) | Long | 26 | 05/09/2012 | (16 | ) | |||||||||||
FTSE 100 Index | Short | (5 | ) | 06/15/2012 | (2 | ) | ||||||||||
FTSE JSE Top 40 Index | Long | 77 | 06/21/2012 | 25 | ||||||||||||
FTSE MIB INDEX | Short | (44 | ) | 06/15/2012 | 57 | |||||||||||
German Euro BUXL | Long | 40 | 06/07/2012 | 58 | ||||||||||||
German Euro BOBL | Long | 140 | 06/07/2012 | 174 | ||||||||||||
German Euro Bund | Long | 68 | 06/07/2012 | 202 | ||||||||||||
German Euro Schatz | Long | 174 | 06/07/2012 | 36 | ||||||||||||
Hang Seng China Enterprises Index | Short | (43 | ) | 05/30/2012 | (66 | ) | ||||||||||
Hang Seng Index | Short | (10 | ) | 05/30/2012 | (21 | ) | ||||||||||
Henry Hub Natural Gas Swap | Short | (414 | ) | 05/29/2012 | (130 | ) | ||||||||||
IBEX 35 Index | Short | (42 | ) | 05/18/2012 | 164 | |||||||||||
KOSPI 200 Index | Short | (7 | ) | 06/14/2012 | (5 | ) | ||||||||||
Lean Hogs | Short | (194 | ) | 06/14/2012 | 668 | |||||||||||
MSCI Taiwan Index | Short | (88 | ) | 05/30/2012 | 19 | |||||||||||
NASDAQ 100 E-Mini Index | Long | 129 | 06/15/2012 | 93 | ||||||||||||
Nickel | Short | (39 | ) | 06/20/2012 | 63 | |||||||||||
Nymex Heating Oil Pent | Long | 5 | 05/30/2012 | 16 | ||||||||||||
RBOB Gasoline Finance | Long | 36 | 05/30/2012 | (95 | ) | |||||||||||
Russell 2000 Mini Index | Long | 7 | 06/15/2012 | (4 | ) | |||||||||||
S&P 500 E-Mini Index | Long | 104 | 06/15/2012 | 49 | ||||||||||||
S&P Midcap 400 E-Mini | Long | 40 | 06/15/2012 | (17 | ) | |||||||||||
S&P 500 TSE 60 Index | Short | (56 | ) | 06/14/2012 | (142 | ) | ||||||||||
SGX CNX Nifty Index | Short | (148 | ) | 05/31/2012 | (11 | ) | ||||||||||
SGX MSCI Singapore Index | Long | 48 | 05/30/2012 | 19 | ||||||||||||
Silver | Short | (20 | ) | 07/27/2012 | (4 | ) | ||||||||||
Soybean | Long | 62 | 07/13/2012 | 223 | ||||||||||||
Soybean Meal | Long | 88 | 07/13/2012 | 383 | ||||||||||||
TOPIX Index | Long | 38 | 06/08/2012 | (234 | ) | |||||||||||
U.K. Long Gilt Bond | Long | 32 | 06/27/2012 | (21 | ) | |||||||||||
Wheat | Short | (111 | ) | 07/13/2012 | (137 | ) | ||||||||||
WTI Bullet Swap Financial | Short | (9 | ) | 05/21/2012 | (26 | ) | ||||||||||
Zinc | Short | (62 | ) | 06/20/2012 | (82 | ) | ||||||||||
|
| |||||||||||||||
$ | 2,294 | |||||||||||||||
|
|
FORWARD FOREIGN CURRENCY CONTRACTS:
Currency | Counterparty | Contracts Bought (Sold) (000’s) | Settlement Date | Amount in U.S. Dollars Bought (Sold) (000’s) | Net Unrealized Appreciation (Depreciation) (000’s) | |||||||||||||||
Australian Dollar | RBS | (3,680 | ) | 06/20/2012 | $ | (3,788 | ) | $ | (26 | ) | ||||||||||
Australian Dollar | RBS | (3,424 | ) | 06/20/2012 | (3,497 | ) | (51 | ) | ||||||||||||
Australian Dollar | RBS | (1,100 | ) | 06/20/2012 | (1,132 | ) | (8 | ) | ||||||||||||
Australian Dollar | RBS | (494 | ) | 06/20/2012 | (514 | ) | 2 | |||||||||||||
Australian Dollar | RBS | (2,159 | ) | 06/20/2012 | (2,223 | ) | (14 | ) | ||||||||||||
Australian Dollar | RBS | (1,668 | ) | 06/20/2012 | (1,722 | ) | (7 | ) | ||||||||||||
Australian Dollar | RBS | (698 | ) | 06/20/2012 | (727 | ) | 4 | |||||||||||||
Australian Dollar | RBS | (1,625 | ) | 06/20/2012 | (1,690 | ) | 6 | |||||||||||||
Australian Dollar | RBS | (1,349 | ) | 06/20/2012 | (1,379 | ) | (19 | ) | ||||||||||||
Australian Dollar | RBS | (2,895 | ) | 06/20/2012 | (2,971 | ) | (30 | ) | ||||||||||||
Australian Dollar | RBS | (1,760 | ) | 06/20/2012 | (1,814 | ) | (10 | ) |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 159 |
Transamerica Managed Futures Strategy
(formerly, Transamerica AQR Managed Futures Strategy)
CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
FORWARD FOREIGN CURRENCY CONTRACTS: (continued)
Currency | Counterparty | Contracts Bought (Sold) (000’s) | Settlement Date | Amount in U.S. Dollars Bought (Sold) (000’s) | Net Unrealized Appreciation (Depreciation) (000’s) | |||||||||||||||
Australian Dollar | RBS | (1,483 | ) | 06/20/2012 | $ | (1,535 | ) | $ | (2 | ) | ||||||||||
Australian Dollar | RBS | (993 | ) | 06/20/2012 | (1,021 | ) | (8 | ) | ||||||||||||
Australian Dollar | RBS | (1,535 | ) | 06/20/2012 | (1,569 | ) | (22 | ) | ||||||||||||
Australian Dollar | RBS | (4,196 | ) | 06/20/2012 | (4,332 | ) | (16 | ) | ||||||||||||
Australian Dollar | RBS | (10 | ) | 06/20/2012 | (11 | ) | u | |||||||||||||
Australian Dollar | RBS | (519 | ) | 06/20/2012 | (533 | ) | (5 | ) | ||||||||||||
Australian Dollar | RBS | 2,969 | 06/20/2012 | 3,060 | 17 | |||||||||||||||
Australian Dollar | RBS | 70 | 06/20/2012 | 72 | 1 | |||||||||||||||
Australian Dollar | RBS | (1,068 | ) | 06/20/2012 | (1,089 | ) | (18 | ) | ||||||||||||
Australian Dollar | RBS | (959 | ) | 06/20/2012 | (981 | ) | (13 | ) | ||||||||||||
Australian Dollar | RBS | (908 | ) | 06/20/2012 | (932 | ) | (9 | ) | ||||||||||||
Australian Dollar | RBS | 5,646 | 06/20/2012 | 5,939 | (88 | ) | ||||||||||||||
Australian Dollar | RBS | 1,923 | 06/20/2012 | 2,018 | (25 | ) | ||||||||||||||
Australian Dollar | RBS | 582 | 06/20/2012 | 601 | 2 | |||||||||||||||
Australian Dollar | RBS | 440 | 06/20/2012 | 466 | (10 | ) | ||||||||||||||
Australian Dollar | RBS | 30 | 06/20/2012 | 31 | u | |||||||||||||||
Australian Dollar | RBS | 3,859 | 06/20/2012 | 4,014 | (15 | ) | ||||||||||||||
Australian Dollar | RBS | 641 | 06/20/2012 | 661 | 3 | |||||||||||||||
Australian Dollar | RBS | 20 | 06/20/2012 | 20 | u | |||||||||||||||
Australian Dollar | RBS | 769 | 06/20/2012 | 803 | (6 | ) | ||||||||||||||
Australian Dollar | RBS | (3,726 | ) | 06/20/2012 | (3,844 | ) | (17 | ) | ||||||||||||
Australian Dollar | RBS | (30 | ) | 06/20/2012 | (31 | ) | u | |||||||||||||
Brazilian Real | RBS | (240 | ) | 06/20/2012 | (130 | ) | 6 | |||||||||||||
Brazilian Real | RBS | 5,040 | 06/20/2012 | 2,787 | (167 | ) | ||||||||||||||
Brazilian Real | RBS | (140 | ) | 06/20/2012 | (75 | ) | 3 | |||||||||||||
Brazilian Real | RBS | (490 | ) | 06/20/2012 | (271 | ) | 16 | |||||||||||||
Brazilian Real | RBS | (1,350 | ) | 06/20/2012 | (712 | ) | 11 | |||||||||||||
Brazilian Real | RBS | (570 | ) | 06/20/2012 | (302 | ) | 6 | |||||||||||||
Brazilian Real | RBS | (270 | ) | 06/20/2012 | (147 | ) | 7 | |||||||||||||
Brazilian Real | RBS | (400 | ) | 06/20/2012 | (216 | ) | 8 | |||||||||||||
Brazilian Real | RBS | (300 | ) | 06/20/2012 | (161 | ) | 5 | |||||||||||||
Brazilian Real | RBS | (220 | ) | 06/20/2012 | (119 | ) | 5 | |||||||||||||
Brazilian Real | RBS | (440 | ) | 06/20/2012 | (237 | ) | 9 | |||||||||||||
Brazilian Real | RBS | (340 | ) | 06/20/2012 | (183 | ) | 6 | |||||||||||||
Brazilian Real | RBS | (310 | ) | 06/20/2012 | (163 | ) | 2 | |||||||||||||
Brazilian Real | RBS | (690 | ) | 06/20/2012 | (372 | ) | 14 | |||||||||||||
Brazilian Real | RBS | (180 | ) | 06/20/2012 | (98 | ) | 4 | |||||||||||||
Brazilian Real | RBS | (270 | ) | 06/20/2012 | (141 | ) | 1 | |||||||||||||
Brazilian Real | RBS | (420 | ) | 06/20/2012 | (231 | ) | 13 | |||||||||||||
Brazilian Real | RBS | (80 | ) | 06/20/2012 | (42 | ) | 1 | |||||||||||||
Brazilian Real | RBS | (140 | ) | 06/20/2012 | (76 | ) | 3 | |||||||||||||
Brazilian Real | RBS | (350 | ) | 06/20/2012 | (189 | ) | 7 | |||||||||||||
Brazilian Real | RBS | (170 | ) | 06/20/2012 | (92 | ) | 3 | |||||||||||||
Brazilian Real | RBS | (1,390 | ) | 06/20/2012 | (730 | ) | 8 | |||||||||||||
Brazilian Real | RBS | (800 | ) | 06/20/2012 | (436 | ) | 20 | |||||||||||||
Brazilian Real | RBS | (420 | ) | 06/20/2012 | (226 | ) | 8 | |||||||||||||
Brazilian Real | RBS | (190 | ) | 06/20/2012 | (103 | ) | 4 | |||||||||||||
Brazilian Real | RBS | (140 | ) | 06/20/2012 | (75 | ) | 3 | |||||||||||||
Brazilian Real | RBS | (1,300 | ) | 06/20/2012 | (681 | ) | 6 | |||||||||||||
Brazilian Real | RBS | (680 | ) | 06/20/2012 | (365 | ) | 12 | |||||||||||||
Brazilian Real | RBS | (370 | ) | 06/20/2012 | (194 | ) | 2 | |||||||||||||
Brazilian Real | RBS | (240 | ) | 06/20/2012 | (129 | ) | 4 | |||||||||||||
Brazilian Real | RBS | (1,120 | ) | 06/20/2012 | (588 | ) | 6 | |||||||||||||
Brazilian Real | RBS | (750 | ) | 06/20/2012 | (405 | ) | 16 | |||||||||||||
Canadian Dollar | RBS | (232 | ) | 06/20/2012 | (234 | ) | (1 | ) | ||||||||||||
Canadian Dollar | RBS | 1,224 | 06/20/2012 | 1,233 | 5 | |||||||||||||||
Canadian Dollar | RBS | 197 | 06/20/2012 | 198 | 1 | |||||||||||||||
Canadian Dollar | RBS | 1,335 | 06/20/2012 | 1,334 | 16 | |||||||||||||||
Canadian Dollar | RBS | 3,241 | 06/20/2012 | 3,272 | 6 | |||||||||||||||
Canadian Dollar | RBS | 3,240 | 06/20/2012 | 3,269 | 7 | |||||||||||||||
Canadian Dollar | RBS | 121 | 06/20/2012 | 122 | u | |||||||||||||||
Canadian Dollar | RBS | 1,999 | 06/20/2012 | 2,036 | (14 | ) | ||||||||||||||
Canadian Dollar | RBS | 974 | 06/20/2012 | 975 | 10 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 160 |
Transamerica Managed Futures Strategy
(formerly, Transamerica AQR Managed Futures Strategy)
CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
FORWARD FOREIGN CURRENCY CONTRACTS: (continued)
Currency | Counterparty | Contracts Bought (Sold) (000’s) | Settlement Date | Amount in U.S. Dollars Bought (Sold) (000’s) | Net Unrealized Appreciation (Depreciation) (000’s) | |||||||||||||||
Canadian Dollar | RBS | 560 | 06/20/2012 | $ | 563 | $ | 3 | |||||||||||||
Canadian Dollar | RBS | 1,451 | 06/20/2012 | 1,455 | 12 | |||||||||||||||
Canadian Dollar | RBS | 764 | 06/20/2012 | 769 | 3 | |||||||||||||||
Canadian Dollar | RBS | 716 | 06/20/2012 | 719 | 5 | |||||||||||||||
Canadian Dollar | RBS | 1,338 | 06/20/2012 | 1,347 | 6 | |||||||||||||||
Canadian Dollar | RBS | 1,825 | 06/20/2012 | 1,856 | (11 | ) | ||||||||||||||
Canadian Dollar | RBS | 14,964 | 06/20/2012 | 15,036 | 95 | |||||||||||||||
Canadian Dollar | RBS | 114 | 06/20/2012 | 114 | 1 | |||||||||||||||
Canadian Dollar | RBS | 2,128 | 06/20/2012 | 2,155 | (3 | ) | ||||||||||||||
Canadian Dollar | RBS | (2,587 | ) | 06/20/2012 | (2,590 | ) | (26 | ) | ||||||||||||
Canadian Dollar | RBS | (1,010 | ) | 06/20/2012 | (1,022 | ) | 1 | |||||||||||||
Canadian Dollar | RBS | 1,102 | 06/20/2012 | 1,107 | 7 | |||||||||||||||
Canadian Dollar | RBS | 583 | 06/20/2012 | 585 | 4 | |||||||||||||||
Canadian Dollar | RBS | (2,105 | ) | 06/20/2012 | (2,109 | ) | (19 | ) | ||||||||||||
Canadian Dollar | RBS | (1,095 | ) | 06/20/2012 | (1,091 | ) | (16 | ) | ||||||||||||
Canadian Dollar | RBS | (895 | ) | 06/20/2012 | (895 | ) | (10 | ) | ||||||||||||
Canadian Dollar | RBS | (1,551 | ) | 06/20/2012 | (1,564 | ) | (5 | ) | ||||||||||||
Canadian Dollar | RBS | (1,278 | ) | 06/20/2012 | (1,278 | ) | (14 | ) | ||||||||||||
Canadian Dollar | RBS | (4,392 | ) | 06/20/2012 | (4,383 | ) | (58 | ) | ||||||||||||
Canadian Dollar | RBS | (1,980 | ) | 06/20/2012 | (1,987 | ) | (15 | ) | ||||||||||||
Chilean Peso | RBS | 390,000 | 06/20/2012 | 784 | 15 | |||||||||||||||
Colombian Peso | RBS | 40,000 | 06/20/2012 | 22 | u | |||||||||||||||
Colombian Peso | RBS | 1,090,000 | 06/20/2012 | 607 | 7 | |||||||||||||||
Colombian Peso | RBS | 30,000 | 06/20/2012 | 17 | (u | ) | ||||||||||||||
Colombian Peso | RBS | 100,000 | 06/20/2012 | 56 | u | |||||||||||||||
Czech Republic Koruna | RBS | (6,800 | ) | 06/20/2012 | (362 | ) | 1 | |||||||||||||
Czech Republic Koruna | RBS | 2,600 | 06/20/2012 | 138 | u | |||||||||||||||
Czech Republic Koruna | RBS | (400 | ) | 06/20/2012 | (21 | ) | (u | ) | ||||||||||||
Czech Republic Koruna | RBS | 600 | 06/20/2012 | 32 | (u | ) | ||||||||||||||
Czech Republic Koruna | RBS | (300 | ) | 06/20/2012 | (16 | ) | (u | ) | ||||||||||||
Czech Republic Koruna | RBS | (1,300 | ) | 06/20/2012 | (69 | ) | u | |||||||||||||
Czech Republic Koruna | RBS | 8,700 | 06/20/2012 | 465 | (3 | ) | ||||||||||||||
Czech Republic Koruna | RBS | (1,300 | ) | 06/20/2012 | (69 | ) | u | |||||||||||||
Czech Republic Koruna | RBS | 1,000 | 06/20/2012 | 54 | (1 | ) | ||||||||||||||
Czech Republic Koruna | RBS | (2,900 | ) | 06/20/2012 | (153 | ) | (u | ) | ||||||||||||
Czech Republic Koruna | RBS | 2,300 | 06/20/2012 | 123 | (1 | ) | ||||||||||||||
Czech Republic Koruna | RBS | 3,100 | 06/20/2012 | 166 | (2 | ) | ||||||||||||||
Czech Republic Koruna | RBS | 1,500 | 06/20/2012 | 80 | (u | ) | ||||||||||||||
Czech Republic Koruna | RBS | 1,800 | 06/20/2012 | 96 | (1 | ) | ||||||||||||||
Czech Republic Koruna | RBS | 3,900 | 06/20/2012 | 211 | (4 | ) | ||||||||||||||
Czech Republic Koruna | RBS | 1,700 | 06/20/2012 | 92 | (2 | ) | ||||||||||||||
Czech Republic Koruna | RBS | 1,900 | 06/20/2012 | 103 | (2 | ) | ||||||||||||||
Czech Republic Koruna | RBS | 2,400 | 06/20/2012 | 129 | (2 | ) | ||||||||||||||
Euro | RBS | (6,858 | ) | 06/20/2012 | (8,986 | ) | (93 | ) | ||||||||||||
Euro | RBS | 464 | 06/20/2012 | 619 | (4 | ) | ||||||||||||||
Euro | RBS | (538 | ) | 06/20/2012 | (718 | ) | 5 | |||||||||||||
Euro | RBS | (3,204 | ) | 06/20/2012 | (4,229 | ) | (13 | ) | ||||||||||||
Euro | RBS | (407 | ) | 06/20/2012 | (535 | ) | (4 | ) | ||||||||||||
Euro | RBS | (81 | ) | 06/20/2012 | (107 | ) | (1 | ) | ||||||||||||
Euro | RBS | (496 | ) | 06/20/2012 | (657 | ) | u | |||||||||||||
Euro | RBS | (2,080 | ) | 06/20/2012 | (2,727 | ) | (27 | ) | ||||||||||||
Euro | RBS | (3,874 | ) | 06/20/2012 | (5,092 | ) | (37 | ) | ||||||||||||
Euro | RBS | (7,100 | ) | 06/20/2012 | (9,466 | ) | 66 | |||||||||||||
Euro | RBS | (63,461 | ) | 06/20/2012 | (83,462 | ) | (558 | ) | ||||||||||||
Euro | RBS | (376 | ) | 06/20/2012 | (491 | ) | (7 | ) | ||||||||||||
Euro | RBS | (1,939 | ) | 06/20/2012 | (2,524 | ) | (43 | ) | ||||||||||||
Euro | RBS | (1,472 | ) | 06/20/2012 | (1,921 | ) | (28 | ) | ||||||||||||
Euro | RBS | (8,030 | ) | 06/20/2012 | (10,538 | ) | (93 | ) | ||||||||||||
Euro | RBS | (2,232 | ) | 06/20/2012 | (2,945 | ) | (10 | ) | ||||||||||||
Euro | RBS | (45 | ) | 06/20/2012 | (60 | ) | (u | ) | ||||||||||||
Euro | RBS | (4,201 | ) | 06/20/2012 | (5,532 | ) | (30 | ) | ||||||||||||
Euro | RBS | 721 | 06/20/2012 | 954 | 1 | |||||||||||||||
Euro | RBS | (1,554 | ) | 06/20/2012 | (2,044 | ) | (13 | ) | ||||||||||||
Euro | RBS | 1,350 | 06/20/2012 | 1,782 | 6 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 161 |
Transamerica Managed Futures Strategy
(formerly, Transamerica AQR Managed Futures Strategy)
CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
FORWARD FOREIGN CURRENCY CONTRACTS: (continued)
Currency | Counterparty | Contracts Bought (Sold) (000’s) | Settlement Date | Amount in U.S. Dollars Bought (Sold) (000’s) | Net Unrealized Appreciation (Depreciation) (000’s) | |||||||||||||||
Euro | RBS | (1,575 | ) | 06/20/2012 | $ | (2,064 | ) | $ | (22 | ) | ||||||||||
Euro | RBS | 77 | 06/20/2012 | 102 | u | |||||||||||||||
Euro | RBS | 180 | 06/20/2012 | 239 | (u | ) | ||||||||||||||
Euro | RBS | 2,791 | 06/20/2012 | 3,730 | (34 | ) | ||||||||||||||
Euro | RBS | 4,740 | 06/20/2012 | 6,264 | 12 | |||||||||||||||
Euro | RBS | 664 | 06/20/2012 | 879 | u | |||||||||||||||
Euro | RBS | 1,425 | 06/20/2012 | 1,876 | 11 | |||||||||||||||
Euro | RBS | 1,665 | 06/20/2012 | 2,179 | 26 | |||||||||||||||
Euro | RBS | 4,732 | 06/20/2012 | 6,237 | 28 | |||||||||||||||
Euro | RBS | 2,991 | 06/20/2012 | 3,989 | (29 | ) | ||||||||||||||
Euro | RBS | 1,472 | 06/20/2012 | 1,968 | (19 | ) | ||||||||||||||
Euro | RBS | 3,296 | 06/20/2012 | 4,325 | 38 | |||||||||||||||
Euro | RBS | 8,654 | 06/20/2012 | 11,358 | 99 | |||||||||||||||
Euro | RBS | 1,021 | 06/20/2012 | 1,363 | (11 | ) | ||||||||||||||
Euro | RBS | 65 | 06/20/2012 | 86 | u | |||||||||||||||
Euro | RBS | 4,148 | 06/20/2012 | 5,501 | (10 | ) | ||||||||||||||
Euro | RBS | 978 | 06/20/2012 | 1,294 | 1 | |||||||||||||||
Euro | RBS | 3,681 | 06/20/2012 | 4,840 | 34 | |||||||||||||||
Euro | RBS | 2,844 | 06/20/2012 | 3,772 | (6 | ) | ||||||||||||||
Euro | RBS | (6,357 | ) | 06/20/2012 | (8,333 | ) | (84 | ) | ||||||||||||
Hungarian Forint | RBS | 56,000 | 06/20/2012 | 250 | 7 | |||||||||||||||
Indian Rupee | RBS | (51,000 | ) | 06/20/2012 | (981 | ) | 23 | |||||||||||||
Indian Rupee | RBS | (11,000 | ) | 06/20/2012 | (207 | ) | u | |||||||||||||
Indian Rupee | RBS | (6,000 | ) | 06/20/2012 | (116 | ) | 3 | |||||||||||||
Indian Rupee | RBS | (3,000 | ) | 06/20/2012 | (57 | ) | 1 | |||||||||||||
Indian Rupee | RBS | (7,000 | ) | 06/20/2012 | (136 | ) | 5 | |||||||||||||
Indian Rupee | RBS | (2,000 | ) | 06/20/2012 | (39 | ) | 2 | |||||||||||||
Indian Rupee | RBS | (22,000 | ) | 06/20/2012 | (425 | ) | 12 | |||||||||||||
Indian Rupee | RBS | (37,000 | ) | 06/20/2012 | (721 | ) | 27 | |||||||||||||
Indian Rupee | RBS | (18,000 | ) | 06/20/2012 | (350 | ) | 12 | |||||||||||||
Indian Rupee | RBS | (44,000 | ) | 06/20/2012 | (840 | ) | 14 | |||||||||||||
Indian Rupee | RBS | (9,000 | ) | 06/20/2012 | (175 | ) | 7 | |||||||||||||
Indian Rupee | RBS | (6,000 | ) | 06/20/2012 | (113 | ) | u | |||||||||||||
Indian Rupee | RBS | (30,000 | ) | 06/20/2012 | (563 | ) | 23 | |||||||||||||
Indian Rupee | RBS | (11,000 | ) | 06/20/2012 | (206 | ) | (u | ) | ||||||||||||
Indian Rupee | RBS | (39,000 | ) | 06/20/2012 | (748 | ) | 16 | |||||||||||||
Indian Rupee | RBS | (8,000 | ) | 06/20/2012 | (156 | ) | 6 | |||||||||||||
Indian Rupee | RBS | (39,000 | ) | 06/20/2012 | (748 | ) | 16 | |||||||||||||
Indian Rupee | RBS | (45,000 | ) | 06/20/2012 | (863 | ) | 19 | |||||||||||||
Indian Rupee | RBS | (36,000 | ) | 06/20/2012 | (687 | ) | 11 | |||||||||||||
Indian Rupee | RBS | (22,000 | ) | 06/20/2012 | (425 | ) | 12 | |||||||||||||
Indian Rupee | RBS | (11,000 | ) | 06/20/2012 | (213 | ) | 6 | |||||||||||||
Indian Rupee | RBS | (68,000 | ) | 06/20/2012 | (1,294 | ) | 18 | |||||||||||||
Indian Rupee | RBS | (28,000 | ) | 06/20/2012 | (549 | ) | 23 | |||||||||||||
Indian Rupee | RBS | (47,000 | ) | 06/20/2012 | (919 | ) | 37 | |||||||||||||
Indian Rupee | RBS | (36,000 | ) | 06/20/2012 | (682 | ) | 6 | |||||||||||||
Indian Rupee | RBS | 45,000 | 06/20/2012 | 870 | (26 | ) | ||||||||||||||
Indian Rupee | RBS | (7,000 | ) | 06/20/2012 | (135 | ) | 4 | |||||||||||||
Indian Rupee | RBS | (6,000 | ) | 06/20/2012 | (115 | ) | 3 | |||||||||||||
Indian Rupee | RBS | (72,000 | ) | 06/20/2012 | (1,364 | ) | 12 | |||||||||||||
Indian Rupee | RBS | (76,000 | ) | 06/20/2012 | (1,453 | ) | 27 | |||||||||||||
Indian Rupee | RBS | 18,000 | 06/20/2012 | 353 | (15 | ) | ||||||||||||||
Indian Rupee | RBS | (2,000 | ) | 06/20/2012 | (39 | ) | 1 | |||||||||||||
Indian Rupee | RBS | (48,000 | ) | 06/20/2012 | (897 | ) | (4 | ) | ||||||||||||
Indonesian Rupiah | RBS | (1,900,000 | ) | 06/20/2012 | (206 | ) | u | |||||||||||||
Indonesian Rupiah | RBS | (500,000 | ) | 06/20/2012 | (54 | ) | u | |||||||||||||
Indonesian Rupiah | RBS | (1,500,000 | ) | 06/20/2012 | (162 | ) | (1 | ) | ||||||||||||
Indonesian Rupiah | RBS | (1,000,000 | ) | 06/20/2012 | (108 | ) | u | |||||||||||||
Indonesian Rupiah | RBS | (1,400,000 | ) | 06/20/2012 | (152 | ) | (u | ) | ||||||||||||
Indonesian Rupiah | RBS | (3,100,000 | ) | 06/20/2012 | (336 | ) | u | |||||||||||||
Indonesian Rupiah | RBS | (900,000 | ) | 06/20/2012 | (97 | ) | (u | ) | ||||||||||||
Indonesian Rupiah | RBS | (1,200,000 | ) | 06/20/2012 | (130 | ) | u | |||||||||||||
Indonesian Rupiah | RBS | (900,000 | ) | 06/20/2012 | (98 | ) | u | |||||||||||||
Indonesian Rupiah | RBS | 18,700,000 | 06/20/2012 | 2,015 | 10 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 162 |
Transamerica Managed Futures Strategy
(formerly, Transamerica AQR Managed Futures Strategy)
CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
FORWARD FOREIGN CURRENCY CONTRACTS: (continued)
Currency | Counterparty | Contracts Bought (Sold) (000’s) | Settlement Date | Amount in U.S. Dollars Bought (Sold) (000’s) | Net Unrealized Appreciation (Depreciation) (000’s) | |||||||||||||||
Indonesian Rupiah | RBS | (800,000 | ) | 06/20/2012 | $ | (86 | ) | $ | (u | ) | ||||||||||
Indonesian Rupiah | RBS | (200,000 | ) | 06/20/2012 | (22 | ) | u | |||||||||||||
Indonesian Rupiah | RBS | (900,000 | ) | 06/20/2012 | (97 | ) | (u | ) | ||||||||||||
Israeli Shekel | RBS | 500 | 06/20/2012 | 134 | (1 | ) | ||||||||||||||
Israeli Shekel | RBS | (1,200 | ) | 06/20/2012 | (316 | ) | (2 | ) | ||||||||||||
Israeli Shekel | RBS | 1,800 | 06/20/2012 | 483 | (6 | ) | ||||||||||||||
Israeli Shekel | RBS | 1,000 | 06/20/2012 | 266 | (1 | ) | ||||||||||||||
Israeli Shekel | RBS | (900 | ) | 06/20/2012 | (236 | ) | (3 | ) | ||||||||||||
Israeli Shekel | RBS | (700 | ) | 06/20/2012 | (185 | ) | (u | ) | ||||||||||||
Israeli Shekel | RBS | (1,300 | ) | 06/20/2012 | (346 | ) | 1 | |||||||||||||
Israeli Shekel | RBS | (500 | ) | 06/20/2012 | (133 | ) | 1 | |||||||||||||
Israeli Shekel | RBS | (700 | ) | 06/20/2012 | (186 | ) | 1 | |||||||||||||
Israeli Shekel | RBS | 1,200 | 06/20/2012 | 319 | (1 | ) | ||||||||||||||
Israeli Shekel | RBS | (1,200 | ) | 06/20/2012 | (319 | ) | 1 | |||||||||||||
Israeli Shekel | RBS | 800 | 06/20/2012 | 213 | (1 | ) | ||||||||||||||
Israeli Shekel | RBS | 1,000 | 06/20/2012 | 266 | (1 | ) | ||||||||||||||
Israeli Shekel | RBS | (200 | ) | 06/20/2012 | (53 | ) | u | |||||||||||||
Israeli Shekel | RBS | (8,500 | ) | 06/20/2012 | (2,232 | ) | (21 | ) | ||||||||||||
Israeli Shekel | RBS | (500 | ) | 06/20/2012 | (131 | ) | (2 | ) | ||||||||||||
Israeli Shekel | RBS | (1,600 | ) | 06/20/2012 | (424 | ) | u | |||||||||||||
Israeli Shekel | RBS | 1,100 | 06/20/2012 | 291 | u | |||||||||||||||
Japanese Yen | RBS | (70,328 | ) | 06/20/2012 | (858 | ) | (24 | ) | ||||||||||||
Japanese Yen | RBS | (125,868 | ) | 06/20/2012 | (1,513 | ) | (64 | ) | ||||||||||||
Japanese Yen | RBS | (29,124 | ) | 06/20/2012 | (357 | ) | (8 | ) | ||||||||||||
Japanese Yen | RBS | (12,724 | ) | 06/20/2012 | (154 | ) | (5 | ) | ||||||||||||
Japanese Yen | RBS | 212,622 | 06/20/2012 | 2,646 | 19 | |||||||||||||||
Japanese Yen | RBS | (50,052 | ) | 06/20/2012 | (617 | ) | (10 | ) | ||||||||||||
Japanese Yen | RBS | (3,462,341 | ) | 06/20/2012 | (42,201 | ) | (1,185 | ) | ||||||||||||
Japanese Yen | RBS | (19,000 | ) | 06/20/2012 | (235 | ) | (3 | ) | ||||||||||||
Japanese Yen | RBS | (105,276 | ) | 06/20/2012 | (1,266 | ) | (53 | ) | ||||||||||||
Japanese Yen | RBS | (33,192 | ) | 06/20/2012 | (399 | ) | (16 | ) | ||||||||||||
Japanese Yen | RBS | (130,672 | ) | 06/20/2012 | (1,562 | ) | (76 | ) | ||||||||||||
Japanese Yen | RBS | (196,297 | ) | 06/20/2012 | (2,432 | ) | (28 | ) | ||||||||||||
Japanese Yen | RBS | (246,331 | ) | 06/20/2012 | (2,975 | ) | (112 | ) | ||||||||||||
Japanese Yen | RBS | (275,726 | ) | 06/20/2012 | (3,334 | ) | (121 | ) | ||||||||||||
Japanese Yen | RBS | (684,739 | ) | 06/20/2012 | (8,315 | ) | (265 | ) | ||||||||||||
Japanese Yen | RBS | (344,387 | ) | 06/20/2012 | (4,237 | ) | (79 | ) | ||||||||||||
Japanese Yen | RBS | (74,349 | ) | 06/20/2012 | (901 | ) | (31 | ) | ||||||||||||
Japanese Yen | RBS | (209,577 | ) | 06/20/2012 | (2,588 | ) | (38 | ) | ||||||||||||
Japanese Yen | RBS | (277,438 | ) | 06/20/2012 | (3,418 | ) | (59 | ) | ||||||||||||
Japanese Yen | RBS | 175,364 | 06/20/2012 | 2,179 | 19 | |||||||||||||||
Japanese Yen | RBS | (247,462 | ) | 06/20/2012 | (2,993 | ) | (108 | ) | ||||||||||||
Japanese Yen | RBS | 7,000 | 06/20/2012 | 86 | 2 | |||||||||||||||
Japanese Yen | RBS | 132,869 | 06/20/2012 | 1,608 | 57 | |||||||||||||||
Japanese Yen | RBS | 104,703 | 06/20/2012 | 1,290 | 22 | |||||||||||||||
Japanese Yen | RBS | 64,504 | 06/20/2012 | 792 | 16 | |||||||||||||||
Japanese Yen | RBS | 183,051 | 06/20/2012 | 2,250 | 44 | |||||||||||||||
Japanese Yen | RBS | 94,018 | 06/20/2012 | 1,163 | 16 | |||||||||||||||
Japanese Yen | RBS | 97,472 | 06/20/2012 | 1,185 | 36 | |||||||||||||||
Japanese Yen | RBS | 451,993 | 06/20/2012 | 5,508 | 155 | |||||||||||||||
Japanese Yen | RBS | 24,038 | 06/20/2012 | 293 | 8 | |||||||||||||||
Japanese Yen | RBS | 30,000 | 06/20/2012 | 359 | 17 | |||||||||||||||
Japanese Yen | RBS | 33,870 | 06/20/2012 | 412 | 12 | |||||||||||||||
Japanese Yen | RBS | 584,497 | 06/20/2012 | 7,241 | 83 | |||||||||||||||
Japanese Yen | RBS | 269,027 | 06/20/2012 | 3,320 | 51 | |||||||||||||||
Japanese Yen | RBS | 1,475,938 | 06/20/2012 | 18,238 | 258 | |||||||||||||||
Japanese Yen | RBS | 71,553 | 06/20/2012 | 884 | 12 | |||||||||||||||
Japanese Yen | RBS | (222,650 | ) | 06/20/2012 | (2,663 | ) | (127 | ) | ||||||||||||
Japanese Yen | RBS | (59,626 | ) | 06/20/2012 | (734 | ) | (13 | ) | ||||||||||||
Malaysian Ringgit | RBS | (300 | ) | 06/20/2012 | (97 | ) | (1 | ) | ||||||||||||
Malaysian Ringgit | RBS | (400 | ) | 06/20/2012 | (129 | ) | (2 | ) | ||||||||||||
Malaysian Ringgit | RBS | (400 | ) | 06/20/2012 | (130 | ) | (2 | ) | ||||||||||||
Malaysian Ringgit | RBS | (200 | ) | 06/20/2012 | (65 | ) | (1 | ) | ||||||||||||
Malaysian Ringgit | RBS | (500 | ) | 06/20/2012 | (164 | ) | (u | ) |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 163 |
Transamerica Managed Futures Strategy
(formerly, Transamerica AQR Managed Futures Strategy)
CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
FORWARD FOREIGN CURRENCY CONTRACTS: (continued)
Currency | Counterparty | Contracts Bought (Sold) (000’s) | Settlement Date | Amount in U.S. Dollars Bought (Sold) (000’s) | Net Unrealized Appreciation (Depreciation) (000’s) | |||||||||||||||
Malaysian Ringgit | RBS | (800 | ) | 06/20/2012 | $ | (258 | ) | $ | (5 | ) | ||||||||||
Malaysian Ringgit | RBS | (200 | ) | 06/20/2012 | (66 | ) | (u | ) | ||||||||||||
Malaysian Ringgit | RBS | 300 | 06/20/2012 | 97 | 1 | |||||||||||||||
Malaysian Ringgit | RBS | (300 | ) | 06/20/2012 | (98 | ) | (1 | ) | ||||||||||||
Malaysian Ringgit | RBS | (1,100 | ) | 06/20/2012 | (355 | ) | (7 | ) | ||||||||||||
Malaysian Ringgit | RBS | (400 | ) | 06/20/2012 | (130 | ) | (1 | ) | ||||||||||||
Malaysian Ringgit | RBS | (200 | ) | 06/20/2012 | (65 | ) | (1 | ) | ||||||||||||
Malaysian Ringgit | RBS | 100 | 06/20/2012 | 33 | u | |||||||||||||||
Malaysian Ringgit | RBS | 8,200 | 06/20/2012 | 2,704 | (4 | ) | ||||||||||||||
Malaysian Ringgit | RBS | (300 | ) | 06/20/2012 | (97 | ) | (2 | ) | ||||||||||||
Malaysian Ringgit | RBS | 500 | 06/20/2012 | 163 | 2 | |||||||||||||||
Malaysian Ringgit | RBS | 400 | 06/20/2012 | 130 | 2 | |||||||||||||||
Mexican Peso | RBS | (7,100 | ) | 06/20/2012 | (534 | ) | (8 | ) | ||||||||||||
Mexican Peso | RBS | (6,600 | ) | 06/20/2012 | (499 | ) | (5 | ) | ||||||||||||
Mexican Peso | RBS | 100 | 06/20/2012 | 8 | (u | ) | ||||||||||||||
Mexican Peso | RBS | (2,400 | ) | 06/20/2012 | (186 | ) | 2 | |||||||||||||
Mexican Peso | RBS | 4,000 | 06/20/2012 | 311 | (6 | ) | ||||||||||||||
Mexican Peso | RBS | (2,400 | ) | 06/20/2012 | (181 | ) | (2 | ) | ||||||||||||
Mexican Peso | RBS | 2,400 | 06/20/2012 | 188 | (5 | ) | ||||||||||||||
Mexican Peso | RBS | (3,700 | ) | 06/20/2012 | (280 | ) | (3 | ) | ||||||||||||
Mexican Peso | RBS | (100 | ) | 06/20/2012 | (8 | ) | u | |||||||||||||
Mexican Peso | RBS | (11,700 | ) | 06/20/2012 | (888 | ) | (6 | ) | ||||||||||||
Mexican Peso | RBS | (4,200 | ) | 06/20/2012 | (325 | ) | 4 | |||||||||||||
Mexican Peso | RBS | (10,200 | ) | 06/20/2012 | (771 | ) | (9 | ) | ||||||||||||
Mexican Peso | RBS | (200 | ) | 06/20/2012 | (15 | ) | u | |||||||||||||
Mexican Peso | RBS | (7,200 | ) | 06/20/2012 | (552 | ) | 2 | |||||||||||||
Mexican Peso | RBS | (4,300 | ) | 06/20/2012 | (323 | ) | (6 | ) | ||||||||||||
Mexican Peso | RBS | (4,300 | ) | 06/20/2012 | (333 | ) | 4 | |||||||||||||
Mexican Peso | RBS | (11,700 | ) | 06/20/2012 | (895 | ) | 1 | |||||||||||||
Mexican Peso | RBS | (2,400 | ) | 06/20/2012 | (182 | ) | (2 | ) | ||||||||||||
Mexican Peso | RBS | (500 | ) | 06/20/2012 | (39 | ) | 1 | |||||||||||||
Mexican Peso | RBS | (800 | ) | 06/20/2012 | (62 | ) | 1 | |||||||||||||
Mexican Peso | RBS | 5,800 | 06/20/2012 | 453 | (10 | ) | ||||||||||||||
Mexican Peso | RBS | 3,200 | 06/20/2012 | 251 | (7 | ) | ||||||||||||||
Mexican Peso | RBS | 18,400 | 06/20/2012 | 1,428 | (23 | ) | ||||||||||||||
Mexican Peso | RBS | (5,900 | ) | 06/20/2012 | (445 | ) | (6 | ) | ||||||||||||
Mexican Peso | RBS | (6,000 | ) | 06/20/2012 | (454 | ) | (4 | ) | ||||||||||||
Mexican Peso | RBS | (4,400 | ) | 06/20/2012 | (340 | ) | 4 | |||||||||||||
New Zealand Dollar | RBS | 890 | 06/20/2012 | 729 | (4 | ) | ||||||||||||||
New Zealand Dollar | RBS | 54,556 | 06/20/2012 | 44,459 | (1 | ) | ||||||||||||||
New Zealand Dollar | RBS | 2,275 | 06/20/2012 | 1,848 | 6 | |||||||||||||||
New Zealand Dollar | RBS | 1,195 | 06/20/2012 | 971 | 3 | |||||||||||||||
New Zealand Dollar | RBS | 9,539 | 06/20/2012 | 7,782 | (9 | ) | ||||||||||||||
New Zealand Dollar | RBS | 1,331 | 06/20/2012 | 1,087 | (2 | ) | ||||||||||||||
New Zealand Dollar | RBS | 2,326 | 06/20/2012 | 1,895 | 1 | |||||||||||||||
New Zealand Dollar | RBS | 1,557 | 06/20/2012 | 1,272 | (3 | ) | ||||||||||||||
New Zealand Dollar | RBS | 316 | 06/20/2012 | 257 | u | |||||||||||||||
New Zealand Dollar | RBS | 442 | 06/20/2012 | 361 | (1 | ) | ||||||||||||||
New Zealand Dollar | RBS | 568 | 06/20/2012 | 464 | (1 | ) | ||||||||||||||
New Zealand Dollar | RBS | 245 | 06/20/2012 | 200 | (u | ) | ||||||||||||||
New Zealand Dollar | RBS | 499 | 06/20/2012 | 403 | 3 | |||||||||||||||
New Zealand Dollar | RBS | (403 | ) | 06/20/2012 | (328 | ) | (1 | ) | ||||||||||||
New Zealand Dollar | RBS | (2,014 | ) | 06/20/2012 | (1,629 | ) | (13 | ) | ||||||||||||
New Zealand Dollar | RBS | 1,673 | 06/20/2012 | 1,359 | 5 | |||||||||||||||
New Zealand Dollar | RBS | (1,084 | ) | 06/20/2012 | (878 | ) | (5 | ) | ||||||||||||
New Zealand Dollar | RBS | (1,605 | ) | 06/20/2012 | (1,303 | ) | (5 | ) | ||||||||||||
New Zealand Dollar | RBS | (4,258 | ) | 06/20/2012 | (3,464 | ) | (5 | ) | ||||||||||||
New Zealand Dollar | RBS | 973 | 06/20/2012 | 796 | (3 | ) | ||||||||||||||
New Zealand Dollar | RBS | (1,031 | ) | 06/20/2012 | (836 | ) | (4 | ) | ||||||||||||
New Zealand Dollar | RBS | 726 | 06/20/2012 | 591 | 1 | |||||||||||||||
New Zealand Dollar | RBS | 682 | 06/20/2012 | 548 | 8 | |||||||||||||||
New Zealand Dollar | RBS | (3,913 | ) | 06/20/2012 | (3,170 | ) | (19 | ) | ||||||||||||
New Zealand Dollar | RBS | (3,015 | ) | 06/20/2012 | (2,470 | ) | 13 | |||||||||||||
New Zealand Dollar | RBS | (4,880 | ) | 06/20/2012 | (3,945 | ) | (32 | ) |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 164 |
Transamerica Managed Futures Strategy
(formerly, Transamerica AQR Managed Futures Strategy)
CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
FORWARD FOREIGN CURRENCY CONTRACTS: (continued)
Currency | Counterparty | Contracts Bought (Sold) (000’s) | Settlement Date | Amount in U.S. Dollars Bought (Sold) (000’s) | Net Unrealized Appreciation (Depreciation) (000’s) | |||||||||||||||
Norwegian Krone | RBS | (20,004 | ) | 06/20/2012 | $ | (3,467 | ) | $ | (22 | ) | ||||||||||
Norwegian Krone | RBS | (5,616 | ) | 06/20/2012 | (980 | ) | 1 | |||||||||||||
Norwegian Krone | RBS | 8,883 | �� | 06/20/2012 | 1,544 | 5 | ||||||||||||||
Norwegian Krone | RBS | 6,916 | 06/20/2012 | 1,203 | 3 | |||||||||||||||
Norwegian Krone | RBS | (3,705 | ) | 06/20/2012 | (647 | ) | 1 | |||||||||||||
Norwegian Krone | RBS | 12,545 | 06/20/2012 | 2,176 | 11 | |||||||||||||||
Norwegian Krone | RBS | 14,906 | 06/20/2012 | 2,592 | 7 | |||||||||||||||
Norwegian Krone | RBS | (6,118 | ) | 06/20/2012 | (1,060 | ) | (7 | ) | ||||||||||||
Norwegian Krone | RBS | 3,953 | 06/20/2012 | 687 | 2 | |||||||||||||||
Norwegian Krone | RBS | (2,523 | ) | 06/20/2012 | (436 | ) | (4 | ) | ||||||||||||
Norwegian Krone | RBS | 152,123 | 06/20/2012 | 26,633 | (104 | ) | ||||||||||||||
Norwegian Krone | RBS | (2,194 | ) | 06/20/2012 | (378 | ) | (5 | ) | ||||||||||||
Norwegian Krone | RBS | (6,907 | ) | 06/20/2012 | (1,193 | ) | (12 | ) | ||||||||||||
Norwegian Krone | RBS | (8,969 | ) | 06/20/2012 | (1,551 | ) | (14 | ) | ||||||||||||
Norwegian Krone | RBS | 1,501 | 06/20/2012 | 266 | (4 | ) | ||||||||||||||
Norwegian Krone | RBS | (2,300 | ) | 06/20/2012 | (396 | ) | (5 | ) | ||||||||||||
Norwegian Krone | RBS | 1,380 | 06/20/2012 | 243 | (2 | ) | ||||||||||||||
Norwegian Krone | RBS | 1,174 | 06/20/2012 | 207 | (3 | ) | ||||||||||||||
Norwegian Krone | RBS | 1,064 | 06/20/2012 | 188 | (3 | ) | ||||||||||||||
Philippine Peso | RBS | (5,000 | ) | 06/20/2012 | (117 | ) | (1 | ) | ||||||||||||
Philippine Peso | RBS | 9,000 | 06/20/2012 | 211 | 1 | |||||||||||||||
Philippine Peso | RBS | (1,000 | ) | 06/20/2012 | (23 | ) | (u | ) | ||||||||||||
Philippine Peso | RBS | (5,000 | ) | 06/20/2012 | (116 | ) | (2 | ) | ||||||||||||
Philippine Peso | RBS | (3,000 | ) | 06/20/2012 | (69 | ) | (1 | ) | ||||||||||||
Philippine Peso | RBS | (4,000 | ) | 06/20/2012 | (93 | ) | (2 | ) | ||||||||||||
Philippine Peso | RBS | (3,000 | ) | 06/20/2012 | (70 | ) | (1 | ) | ||||||||||||
Philippine Peso | RBS | 11,000 | 06/20/2012 | 258 | 2 | |||||||||||||||
Philippine Peso | RBS | 3,000 | 06/20/2012 | 70 | 1 | |||||||||||||||
Philippine Peso | RBS | 13,000 | 06/20/2012 | 305 | 2 | |||||||||||||||
Philippine Peso | RBS | 18,000 | 06/20/2012 | 420 | 5 | |||||||||||||||
Philippine Peso | RBS | 4,000 | 06/20/2012 | 93 | 1 | |||||||||||||||
Philippine Peso | RBS | 2,000 | 06/20/2012 | 47 | u | |||||||||||||||
Philippine Peso | RBS | 162,000 | 06/20/2012 | 3,794 | 29 | |||||||||||||||
Philippine Peso | RBS | 7,000 | 06/20/2012 | 164 | 2 | |||||||||||||||
Philippine Peso | RBS | 1,000 | 06/20/2012 | 23 | u | |||||||||||||||
Philippine Peso | RBS | 1,000 | 06/20/2012 | 23 | u | |||||||||||||||
Polish Zloty | RBS | 100 | 06/20/2012 | 32 | (u | ) | ||||||||||||||
Polish Zloty | RBS | 4,700 | 06/20/2012 | 1,493 | (11 | ) | ||||||||||||||
Polish Zloty | RBS | 400 | 06/20/2012 | 126 | (u | ) | ||||||||||||||
Polish Zloty | RBS | 100 | 06/20/2012 | 32 | (u | ) | ||||||||||||||
Pound Sterling | RBS | 330 | 06/20/2012 | 519 | 17 | |||||||||||||||
Pound Sterling | RBS | 433 | 06/20/2012 | 687 | 15 | |||||||||||||||
Pound Sterling | RBS | 580 | 06/20/2012 | 924 | 17 | |||||||||||||||
Pound Sterling | RBS | 375 | 06/20/2012 | 595 | 13 | |||||||||||||||
Pound Sterling | RBS | 877 | 06/20/2012 | 1,393 | 30 | |||||||||||||||
Pound Sterling | RBS | 537 | 06/20/2012 | 860 | 11 | |||||||||||||||
Pound Sterling | RBS | 330 | 06/20/2012 | 519 | 17 | |||||||||||||||
Pound Sterling | RBS | 879 | 06/20/2012 | 1,419 | 7 | |||||||||||||||
Pound Sterling | RBS | 180 | 06/20/2012 | 286 | 6 | |||||||||||||||
Pound Sterling | RBS | 522 | 06/20/2012 | 824 | 23 | |||||||||||||||
Pound Sterling | RBS | 204 | 06/20/2012 | 324 | 7 | |||||||||||||||
Pound Sterling | RBS | 2,646 | 06/20/2012 | 4,199 | 93 | |||||||||||||||
Pound Sterling | RBS | 520 | 06/20/2012 | 828 | 16 | |||||||||||||||
Pound Sterling | RBS | 760 | 06/20/2012 | 1,209 | 24 | |||||||||||||||
Pound Sterling | RBS | 11,941 | 06/20/2012 | 18,789 | 585 | |||||||||||||||
Pound Sterling | RBS | 534 | 06/20/2012 | 846 | 21 | |||||||||||||||
Pound Sterling | RBS | 121 | 06/20/2012 | 197 | (1 | ) | ||||||||||||||
Pound Sterling | RBS | 30 | 06/20/2012 | 47 | 2 | |||||||||||||||
Pound Sterling | RBS | 100 | 06/20/2012 | 159 | 3 | |||||||||||||||
Pound Sterling | RBS | 1,498 | 06/20/2012 | 2,405 | 25 | |||||||||||||||
Pound Sterling | RBS | 576 | 06/20/2012 | 932 | 2 | |||||||||||||||
Pound Sterling | RBS | 454 | 06/20/2012 | 718 | 19 | |||||||||||||||
Pound Sterling | RBS | 10 | 06/20/2012 | 16 | u | |||||||||||||||
Pound Sterling | RBS | 1,419 | 06/20/2012 | 2,274 | 28 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 165 |
Transamerica Managed Futures Strategy
(formerly, Transamerica AQR Managed Futures Strategy)
CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
FORWARD FOREIGN CURRENCY CONTRACTS: (continued)
Currency | Counterparty | Contracts Bought (Sold) (000’s) | Settlement Date | Amount in U.S. Dollars Bought (Sold) (000’s) | Net Unrealized Appreciation (Depreciation) (000’s) | |||||||||||||
Pound Sterling | RBS | 1,924 | 06/20/2012 | $ | 3,076 | $ | 46 | |||||||||||
Pound Sterling | RBS | 120 | 06/20/2012 | 190 | 4 | |||||||||||||
Pound Sterling | RBS | (445 | ) | 06/20/2012 | (697 | ) | (25 | ) | ||||||||||
Pound Sterling | RBS | (235 | ) | 06/20/2012 | (374 | ) | (7 | ) | ||||||||||
Pound Sterling | RBS | 678 | 06/20/2012 | 1,082 | 18 | |||||||||||||
Pound Sterling | RBS | 60 | 06/20/2012 | 95 | 3 | |||||||||||||
Pound Sterling | RBS | (925 | ) | 06/20/2012 | (1,480 | ) | (20 | ) | ||||||||||
Pound Sterling | RBS | 358 | 06/20/2012 | 579 | 2 | |||||||||||||
Pound Sterling | RBS | 2,993 | 06/20/2012 | 4,818 | 38 | |||||||||||||
Pound Sterling | RBS | (1,594 | ) | 06/20/2012 | (2,494 | ) | (92 | ) | ||||||||||
Pound Sterling | RBS | 480 | 06/20/2012 | 759 | 19 | |||||||||||||
Pound Sterling | RBS | 472 | 06/20/2012 | 749 | 16 | |||||||||||||
Pound Sterling | RBS | 902 | 06/20/2012 | 1,438 | 26 | |||||||||||||
Pound Sterling | RBS | 984 | 06/20/2012 | 1,579 | 17 | |||||||||||||
Pound Sterling | RBS | 1,405 | 06/20/2012 | 2,226 | 53 | |||||||||||||
Republic of Korea Won | RBS | (1,250,000 | ) | 06/20/2012 | (1,093 | ) | (11 | ) | ||||||||||
Republic of Korea Won | RBS | 170,000 | 06/20/2012 | 151 | (1 | ) | ||||||||||||
Republic of Korea Won | RBS | (340,000 | ) | 06/20/2012 | (298 | ) | (3 | ) | ||||||||||
Republic of Korea Won | RBS | (10,000 | ) | 06/20/2012 | (9 | ) | (u | ) | ||||||||||
Republic of Korea Won | RBS | (280,000 | ) | 06/20/2012 | (245 | ) | (2 | ) | ||||||||||
Republic of Korea Won | RBS | (620,000 | ) | 06/20/2012 | (543 | ) | (5 | ) | ||||||||||
Republic of Korea Won | RBS | (60,000 | ) | 06/20/2012 | (53 | ) | (u | ) | ||||||||||
Republic of Korea Won | RBS | (1,220,000 | ) | 06/20/2012 | (1,059 | ) | (19 | ) | ||||||||||
Republic of Korea Won | RBS | (420,000 | ) | 06/20/2012 | (367 | ) | (4 | ) | ||||||||||
Republic of Korea Won | RBS | (550,000 | ) | 06/20/2012 | (479 | ) | (7 | ) | ||||||||||
Republic of Korea Won | RBS | (150,000 | ) | 06/20/2012 | (131 | ) | (2 | ) | ||||||||||
Republic of Korea Won | RBS | (150,000 | ) | 06/20/2012 | (131 | ) | (2 | ) | ||||||||||
Republic of Korea Won | RBS | (130,000 | ) | 06/20/2012 | (114 | ) | (1 | ) | ||||||||||
Republic of Korea Won | RBS | (10,000 | ) | 06/20/2012 | (9 | ) | (u | ) | ||||||||||
Republic of Korea Won | RBS | (250,000 | ) | 06/20/2012 | (218 | ) | (3 | ) | ||||||||||
Republic of Korea Won | RBS | 190,000 | 06/20/2012 | 168 | (u | ) | ||||||||||||
Republic of Korea Won | RBS | 100,000 | 06/20/2012 | 88 | u | |||||||||||||
Republic of Korea Won | RBS | (160,000 | ) | 06/20/2012 | (140 | ) | (1 | ) | ||||||||||
Republic of Korea Won | RBS | (70,000 | ) | 06/20/2012 | (61 | ) | (1 | ) | ||||||||||
Republic of Korea Won | RBS | 240,000 | 06/20/2012 | 212 | (u | ) | ||||||||||||
Republic of Korea Won | RBS | (60,000 | ) | 06/20/2012 | (53 | ) | (u | ) | ||||||||||
Republic of Korea Won | RBS | 380,000 | 06/20/2012 | 335 | 1 | |||||||||||||
Republic of Korea Won | RBS | 270,000 | 06/20/2012 | 239 | (u | ) | ||||||||||||
Republic of Korea Won | RBS | 40,000 | 06/20/2012 | 35 | (u | ) | ||||||||||||
Republic of Korea Won | RBS | 280,000 | 06/20/2012 | 248 | (u | ) | ||||||||||||
Republic of Korea Won | RBS | 40,000 | 06/20/2012 | 36 | (u | ) | ||||||||||||
Republic of Korea Won | RBS | 190,000 | 06/20/2012 | 168 | (u | ) | ||||||||||||
Republic of Korea Won | RBS | 7,124,230 | 06/20/2012 | 6,324 | (27 | ) | ||||||||||||
Russian Ruble | RBS | (1,000 | ) | 06/20/2012 | (34 | ) | (u | ) | ||||||||||
Russian Ruble | RBS | (8,000 | ) | 06/20/2012 | (269 | ) | (1 | ) | ||||||||||
Russian Ruble | RBS | (17,000 | ) | 06/20/2012 | (571 | ) | (3 | ) | ||||||||||
Russian Ruble | RBS | (2,000 | ) | 06/20/2012 | (68 | ) | u | |||||||||||
Russian Ruble | RBS | (6,000 | ) | 06/20/2012 | (203 | ) | u | |||||||||||
Russian Ruble | RBS | 12,000 | 06/20/2012 | 406 | (u | ) | ||||||||||||
Russian Ruble | RBS | 4,000 | 06/20/2012 | 135 | u | |||||||||||||
Russian Ruble | RBS | 14,000 | 06/20/2012 | 471 | 2 | |||||||||||||
Russian Ruble | RBS | 15,000 | 06/20/2012 | 509 | (2 | ) | ||||||||||||
Russian Ruble | RBS | 8,000 | 06/20/2012 | 270 | (u | ) | ||||||||||||
Russian Ruble | RBS | 209,000 | 06/20/2012 | 6,986 | 73 | |||||||||||||
Russian Ruble | RBS | 7,000 | 06/20/2012 | 235 | 1 | |||||||||||||
Singapore Dollar | RBS | 150 | 06/20/2012 | 119 | 2 | |||||||||||||
Singapore Dollar | RBS | (140 | ) | 06/20/2012 | (111 | ) | (2 | ) | ||||||||||
Singapore Dollar | RBS | (1,530 | ) | 06/20/2012 | (1,215 | ) | (21 | ) | ||||||||||
Singapore Dollar | RBS | 610 | 06/20/2012 | 485 | 8 | |||||||||||||
Singapore Dollar | RBS | 710 | 06/20/2012 | 564 | 10 | |||||||||||||
Singapore Dollar | RBS | 290 | 06/20/2012 | 230 | 4 | |||||||||||||
Singapore Dollar | RBS | (450 | ) | 06/20/2012 | (355 | ) | (9 | ) | ||||||||||
Singapore Dollar | RBS | (550 | ) | 06/20/2012 | (438 | ) | (7 | ) | ||||||||||
Singapore Dollar | RBS | 420 | 06/20/2012 | 336 | 3 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 166 |
Transamerica Managed Futures Strategy
(formerly, Transamerica AQR Managed Futures Strategy)
CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
FORWARD FOREIGN CURRENCY CONTRACTS: (continued)
Currency | Counterparty | Contracts Bought (Sold) (000’s) | Settlement Date | Amount in U.S. Dollars Bought (Sold) (000’s) | Net Unrealized Appreciation (Depreciation) (000’s) | |||||||||||||
Singapore Dollar | RBS | 690 | 06/20/2012 | $ | 552 | $ | 6 | |||||||||||
Singapore Dollar | RBS | (20 | ) | 06/20/2012 | (16 | ) | (u | ) | ||||||||||
Singapore Dollar | RBS | (60 | ) | 06/20/2012 | (48 | ) | (1) | |||||||||||
Singapore Dollar | RBS | 260 | 06/20/2012 | 208 | 2 | |||||||||||||
Singapore Dollar | RBS | 210 | 06/20/2012 | 167 | 3 | |||||||||||||
Singapore Dollar | RBS | (260 | ) | 06/20/2012 | (207 | ) | (4) | |||||||||||
Singapore Dollar | RBS | (230 | ) | 06/20/2012 | (183 | ) | (3) | |||||||||||
Singapore Dollar | RBS | (200 | ) | 06/20/2012 | (159 | ) | (2) | |||||||||||
Singapore Dollar | RBS | 5,130 | 06/20/2012 | 4,092 | 54 | |||||||||||||
Singapore Dollar | RBS | (100 | ) | 06/20/2012 | (79 | ) | (2) | |||||||||||
Singapore Dollar | RBS | 450 | 06/20/2012 | 362 | 2 | |||||||||||||
Singapore Dollar | RBS | 570 | 06/20/2012 | 459 | 2 | |||||||||||||
Singapore Dollar | RBS | 100 | 06/20/2012 | 79 | 2 | |||||||||||||
Singapore Dollar | RBS | 230 | 06/20/2012 | 182 | 3 | |||||||||||||
Singapore Dollar | RBS | (430 | ) | 06/20/2012 | (342 | ) | (5) | |||||||||||
Singapore Dollar | RBS | (270 | ) | 06/20/2012 | (214 | ) | (5) | |||||||||||
Singapore Dollar | RBS | 250 | 06/20/2012 | 199 | 3 | |||||||||||||
Singapore Dollar | RBS | 250 | 06/20/2012 | 199 | 3 | |||||||||||||
Singapore Dollar | RBS | (280 | ) | 06/20/2012 | (222 | ) | (4) | |||||||||||
Singapore Dollar | RBS | (480 | ) | 06/20/2012 | (381 | ) | (7) | |||||||||||
Singapore Dollar | RBS | 830 | 06/20/2012 | 665 | 5 | |||||||||||||
Singapore Dollar | RBS | (950 | ) | 06/20/2012 | (753 | ) | (15) | |||||||||||
South African Rand | RBS | (4,100 | ) | 06/20/2012 | (529 | ) | 5 | |||||||||||
South African Rand | RBS | (2,900 | ) | 06/20/2012 | (371 | ) | 1 | |||||||||||
South African Rand | RBS | 600 | 06/20/2012 | 78 | (1) | |||||||||||||
South African Rand | RBS | (5,000 | ) | 06/20/2012 | (623 | ) | (15) | |||||||||||
South African Rand | RBS | (8,300 | ) | 06/20/2012 | (1,035 | ) | (25) | |||||||||||
South African Rand | RBS | (5,400 | ) | 06/20/2012 | (668 | ) | (22) | |||||||||||
South African Rand | RBS | (900 | ) | 06/20/2012 | (116 | ) | 1 | |||||||||||
South African Rand | RBS | (800 | ) | 06/20/2012 | (101 | ) | (1) | |||||||||||
South African Rand | RBS | (1,900 | ) | 06/20/2012 | (239 | ) | (3) | |||||||||||
South African Rand | RBS | 600 | 06/20/2012 | 78 | (2) | |||||||||||||
South African Rand | RBS | (3,000 | ) | 06/20/2012 | (375 | ) | (8) | |||||||||||
South African Rand | RBS | 12,300 | 06/20/2012 | 1,601 | (31) | |||||||||||||
South African Rand | RBS | (3,800 | ) | 06/20/2012 | (472 | ) | (13) | |||||||||||
South African Rand | RBS | 1,600 | 06/20/2012 | 209 | (5) | |||||||||||||
South African Rand | RBS | 200 | 06/20/2012 | 26 | (1) | |||||||||||||
Swedish Krona | RBS | (10,987 | ) | 06/20/2012 | (1,620 | ) | (11) | |||||||||||
Swedish Krona | RBS | (36,970 | ) | 06/20/2012 | (5,436 | ) | (53) | |||||||||||
Swedish Krona | RBS | (7,097 | ) | 06/20/2012 | (1,048 | ) | (6) | |||||||||||
Swedish Krona | RBS | (1,809 | ) | 06/20/2012 | (270 | ) | 1 | |||||||||||
Swedish Krona | RBS | (410 | ) | 06/20/2012 | (61 | ) | u | |||||||||||
Swedish Krona | RBS | (13,877 | ) | 06/20/2012 | (2,062 | ) | 1 | |||||||||||
Swedish Krona | RBS | (19,544 | ) | 06/20/2012 | (2,889 | ) | (13) | |||||||||||
Swedish Krona | RBS | (20,036 | ) | 06/20/2012 | (2,978 | ) | 3 | |||||||||||
Swedish Krona | RBS | (13,808 | ) | 06/20/2012 | (2,032 | ) | (18) | |||||||||||
Swedish Krona | RBS | (3,879 | ) | 06/20/2012 | (568 | ) | (8) | |||||||||||
Swedish Krona | RBS | (22,284 | ) | 06/20/2012 | (3,277 | ) | (31) | |||||||||||
Swedish Krona | RBS | (8,493 | ) | 06/20/2012 | (1,258 | ) | (3) | |||||||||||
Swedish Krona | RBS | (1,501 | ) | 06/20/2012 | (220 | ) | (3) | |||||||||||
Swedish Krona | RBS | (5,726 | ) | 06/20/2012 | (847 | ) | (3) | |||||||||||
Swedish Krona | RBS | (16,393 | ) | 06/20/2012 | (2,416 | ) | (18) | |||||||||||
Swedish Krona | RBS | (9,081 | ) | 06/20/2012 | (1,332 | ) | (16) | |||||||||||
Swedish Krona | RBS | (6,466 | ) | 06/20/2012 | (959 | ) | (1) | |||||||||||
Swedish Krona | RBS | 25,108 | 06/20/2012 | 3,730 | (2) | |||||||||||||
Swedish Krona | RBS | (5,790 | ) | 06/20/2012 | (842 | ) | (18) | |||||||||||
Swedish Krona | RBS | (17,326 | ) | 06/20/2012 | (2,548 | ) | (24) | |||||||||||
Swedish Krona | RBS | 6,716 | 06/20/2012 | 1,010 | (13) | |||||||||||||
Swedish Krona | RBS | 33,494 | 06/20/2012 | 5,013 | (40) | |||||||||||||
Swedish Krona | RBS | 19,679 | 06/20/2012 | 2,970 | (48) | |||||||||||||
Swedish Krona | RBS | 30,055 | 06/20/2012 | 4,549 | (87) | |||||||||||||
Swedish Krona | RBS | 106,455 | 06/20/2012 | 15,653 | 153 | |||||||||||||
Swedish Krona | RBS | 4,159 | 06/20/2012 | 620 | (2) | |||||||||||||
Swedish Krona | RBS | 7,270 | 06/20/2012 | 1,096 | (16) |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 167 |
Transamerica Managed Futures Strategy
(formerly, Transamerica AQR Managed Futures Strategy)
CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
FORWARD FOREIGN CURRENCY CONTRACTS: (continued)
Currency | Counterparty | Contracts Bought (Sold) (000’s) | Settlement Date | Amount in U.S. Dollars Bought (Sold) (000’s) | Net Unrealized Appreciation (Depreciation) (000’s) | |||||||||||||
Swedish Krona | RBS | 7,152 | 06/20/2012 | $ | 1,061 | $1 | ||||||||||||
Swedish Krona | RBS | (11,099 | ) | 06/20/2012 | (1,619 | ) | (28) | |||||||||||
Swedish Krona | RBS | (13,887 | ) | 06/20/2012 | (2,055 | ) | (7) | |||||||||||
Taiwan Dollar | RBS | (11,000 | ) | 06/20/2012 | (374 | ) | (3) | |||||||||||
Taiwan Dollar | RBS | 1,000 | 06/20/2012 | 34 | u | |||||||||||||
Taiwan Dollar | RBS | (4,000 | ) | 06/20/2012 | (136 | ) | (1) | |||||||||||
Taiwan Dollar | RBS | (9,000 | ) | 06/20/2012 | (305 | ) | (3) | |||||||||||
Taiwan Dollar | RBS | 11,000 | 06/20/2012 | 372 | 4 | |||||||||||||
Taiwan Dollar | RBS | 7,000 | 06/20/2012 | 237 | 2 | |||||||||||||
Taiwan Dollar | RBS | 13,000 | 06/20/2012 | 440 | 5 | |||||||||||||
Taiwan Dollar | RBS | (8,000 | ) | 06/20/2012 | (271 | ) | (3) | |||||||||||
Taiwan Dollar | RBS | 2,000 | 06/20/2012 | 68 | 1 | |||||||||||||
Taiwan Dollar | RBS | (5,000 | ) | 06/20/2012 | (170 | ) | (1) | |||||||||||
Taiwan Dollar | RBS | (2,000 | ) | 06/20/2012 | (68 | ) | (1) | |||||||||||
Taiwan Dollar | RBS | (13,000 | ) | 06/20/2012 | (442 | ) | (3) | |||||||||||
Taiwan Dollar | RBS | (7,000 | ) | 06/20/2012 | (237 | ) | (2) | |||||||||||
Taiwan Dollar | RBS | (5,000 | ) | 06/20/2012 | (170 | ) | (2) | |||||||||||
Taiwan Dollar | RBS | (9,000 | ) | 06/20/2012 | (306 | ) | (2) | |||||||||||
Taiwan Dollar | RBS | (6,000 | ) | 06/20/2012 | (203 | ) | (2) | |||||||||||
Taiwan Dollar | RBS | 8,000 | 06/20/2012 | 276 | (2) | |||||||||||||
Taiwan Dollar | RBS | (7,000 | ) | 06/20/2012 | (238 | ) | (2) | |||||||||||
Taiwan Dollar | RBS | 4,000 | 06/20/2012 | 136 | 1 | |||||||||||||
Taiwan Dollar | RBS | (15,000 | ) | 06/20/2012 | (510 | ) | (3) | |||||||||||
Taiwan Dollar | RBS | (2,000 | ) | 06/20/2012 | (68 | ) | (u) | |||||||||||
Taiwan Dollar | RBS | (10,000 | ) | 06/20/2012 | (340 | ) | (2) | |||||||||||
Taiwan Dollar | RBS | (13,000 | ) | 06/20/2012 | (441 | ) | (4) | |||||||||||
Taiwan Dollar | RBS | (4,000 | ) | 06/20/2012 | (136 | ) | (1) | |||||||||||
Taiwan Dollar | RBS | (18,000 | ) | 06/20/2012 | (610 | ) | (6) | |||||||||||
Taiwan Dollar | RBS | (2,000 | ) | 06/20/2012 | (68 | ) | (1) | |||||||||||
Taiwan Dollar | RBS | (7,000 | ) | 06/20/2012 | (238 | ) | (2) | |||||||||||
Taiwan Dollar | RBS | (12,000 | ) | 06/20/2012 | (408 | ) | (3) | |||||||||||
Taiwan Dollar | RBS | (1,000 | ) | 06/20/2012 | (34 | ) | (u) | |||||||||||
Turkish Lira | RBS | (270 | ) | 06/20/2012 | (147 | ) | (5) | |||||||||||
Turkish Lira | RBS | (90 | ) | 06/20/2012 | (49 | ) | (2) | |||||||||||
Turkish Lira | RBS | (280 | ) | 06/20/2012 | (155 | ) | (3) | |||||||||||
Turkish Lira | RBS | (730 | ) | 06/20/2012 | (400 | ) | (11) | |||||||||||
Turkish Lira | RBS | (160 | ) | 06/20/2012 | (87 | ) | (4) | |||||||||||
Turkish Lira | RBS | (300 | ) | 06/20/2012 | (166 | ) | (3) | |||||||||||
Turkish Lira | RBS | (420 | ) | 06/20/2012 | (230 | ) | (6) | |||||||||||
Turkish Lira | RBS | 120 | 06/20/2012 | 66 | 1 | |||||||||||||
Turkish Lira | RBS | 5,940 | 06/20/2012 | 3,262 | 84 | |||||||||||||
Turkish Lira | RBS | 700 | 06/20/2012 | 386 | 8 | |||||||||||||
Turkish Lira | RBS | (40 | ) | 06/20/2012 | (22 | ) | (1) | |||||||||||
Turkish Lira | RBS | 450 | 06/20/2012 | 248 | 5 | |||||||||||||
Turkish Lira | RBS | 160 | 06/20/2012 | 88 | 2 | |||||||||||||
Turkish Lira | RBS | 200 | 06/20/2012 | 110 | 3 | |||||||||||||
Turkish Lira | RBS | 140 | 06/20/2012 | 77 | 2 | |||||||||||||
Turkish Lira | RBS | 30 | 06/20/2012 | 17 | u | |||||||||||||
Turkish Lira | RBS | 850 | 06/20/2012 | 464 | 15 | |||||||||||||
Turkish Lira | RBS | 370 | 06/20/2012 | 203 | 5 | |||||||||||||
Turkish Lira | RBS | 150 | 06/20/2012 | 82 | 2 | |||||||||||||
Turkish Lira | RBS | (740 | ) | 06/20/2012 | (399 | ) | (18) | |||||||||||
Turkish Lira | RBS | (280 | ) | 06/20/2012 | (151 | ) | (6) | |||||||||||
|
| |||||||||||||||||
$(2,118) | ||||||||||||||||||
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 168 |
Transamerica Managed Futures Strategy
(formerly, Transamerica AQR Managed Futures Strategy)
CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)
At April 30, 2012
(unaudited)
Collateral (Received) Pledged for OTC Financial Derivative Instruments
The following is a summary by counterparty of the market value of OTC financial derivative instruments and collateral (received)/pledged as of 04/30/2012:
Counterparty | Total Market Value of OTC Derivatives (000’s) | Collateral (Received)/Pledged (000’s) | Net Exposures (1) (000’s) | |||||||||
BCLY | $ | 234 | $ | 4,280 | $ | 4,514 | ||||||
BOA | 157 | — | 157 | |||||||||
RBS | (2,149 | ) | 3,106 | 957 |
(1) | Net exposure represents the net receivable/(payable) that would be due from/to the counterparty in the event of default. |
NOTES TO SCHEDULE OF INVESTMENTS (all amounts in thousands):
(A) | At the termination date, a net cash flow is exchanged where the total return is equivalent to the return of the reference index less a financing rate, if any. As a receiver, the fund would receive payments based on any positive total return and would owe payments in the event of a negative total return. As the payer, the fund would owe payments on any net positive total return, and would receive payment in the event of a negative total return. |
ß | Cash in the amount of $7,386 has been segregated by the custodian as collateral for the benefit of the broker for open swap contracts. |
Б | Cash in the amount of $12,820 has been segregated as collateral with the broker to cover margin requirements for open futures contracts. |
P | Aggregate cost for federal income tax purposes is $206,235. |
u | Amount is less than 1. |
DEFINITIONS:
BCLY | Barclays Bank PLC | |
BOA | Bank of America | |
LME | London Metal Exchange | |
OTC | Over the Counter | |
RBS | Royal Bank of Scotland |
VALUATION SUMMARY (all amounts in thousands): '
Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Value at 04/30/2012 | |||||||||||||
Investment Companies | $ | 206,235 | $ | — | $ | — | $ | 206,235 |
Other Financial Instruments ₣ | Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Value at 04/30/2012 | ||||||||||||
Futures Contracts—Appreciation | $ | 4,537 | $ | — | $ | — | $ | 4,537 | ||||||||
Futures Contracts—Depreciation | (2,243 | ) | — | — | (2,243 | ) | ||||||||||
Forward Foreign Currency Contracts—Appreciation | — | 3,844 | — | 3,844 | ||||||||||||
Forward Foreign Currency Contracts—Depreciation | — | (5,962 | ) | — | (5,962 | ) | ||||||||||
Total Return— Appreciation | — | 597 | — | 597 | ||||||||||||
Total Return—Depreciation | — | (226 | ) | — | (226 | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Total | $ | 2,294 | $ | (1,747 | ) | $ | — | $ | 547 | |||||||
|
|
|
|
|
|
|
|
' | See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
₣ | Other financial instruments are derivative instruments that are valued at unrealized appreciation (depreciation) on the instrument. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 169 |
CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES
At April 30, 2012
(all amounts except share amounts in thousands)
(unaudited)
Transamerica Commodity Strategy | Transamerica Global Allocation | Transamerica Managed Futures Strategy | ||||||||||
Assets: | ||||||||||||
Investment securities, at value | $ | 104,994 | $ | 500,437 | $ | 206,235 | ||||||
Repurchase agreement, at value | 45,318 | 773 | — | |||||||||
Cash | — | 35 | 19,570 | |||||||||
Cash on deposit with custodian | 21,520 | — | 7,386 | |||||||||
Cash on deposit with broker | — | 1,231 | 12,820 | |||||||||
Foreign currency, at value | — | 393 | 59 | |||||||||
Receivables: | ||||||||||||
Investment securities sold | 341,147 | 1,850 | 1,873 | |||||||||
Shares of beneficial interest sold | — | (A) | 60 | 14 | ||||||||
Interest | — | (A) | 1,185 | 2 | ||||||||
Securities lending income (net) | 4 | 23 | — | |||||||||
Dividends | — | 710 | — | |||||||||
Dividend reclaims | 1 | 87 | — | |||||||||
Variation margin | — | 3 | 2,294 | |||||||||
Prepaid expenses | — | (A) | — | (A) | — | (A) | ||||||
Unrealized appreciation on swap agreements | — | (A) | 139 | 597 | ||||||||
Premium paid on swap agreements | — | — | — | |||||||||
Unrealized appreciation on forward foreign currency contracts | — | 268 | 3,844 | |||||||||
|
|
|
|
|
| |||||||
$ | 512,984 | $ | 507,194 | $ | 254,694 | |||||||
|
|
|
|
|
| |||||||
Liabilities: | ||||||||||||
Cash deposit due to custodian | — | 100 | — | |||||||||
Accounts payable and accrued liabilities: | ||||||||||||
Investment securities purchased | 342,700 | 8,894 | 1,903 | |||||||||
Shares of beneficial interest redeemed | 47 | 62 | 69 | |||||||||
Management and advisory fees | 85 | 279 | 222 | |||||||||
Trustees fees | 1 | 2 | 2 | |||||||||
Transfer agent fees | 1 | 3 | 2 | |||||||||
Custody fees | 8 | 85 | 1 | |||||||||
Administration fees | 4 | 9 | 5 | |||||||||
Audit and tax fees | 13 | 19 | 13 | |||||||||
Interest payable | 35 | — | — | |||||||||
Capital gains tax | — | 51 | — | |||||||||
Other | 4 | 10 | 6 | |||||||||
Collateral for securities on loan | — | 48,365 | — | |||||||||
Written options at value | — | 1,990 | — | |||||||||
Unrealized depreciation on swap agreements | — | (A) | — | 226 | ||||||||
Premium received on swap agreements | — | — | 11 | |||||||||
Unrealized depreciation on forward foreign currency contracts | — | 294 | 5,962 | |||||||||
|
|
|
|
|
| |||||||
342,898 | 60,163 | 8,422 | ||||||||||
|
|
|
|
|
| |||||||
Net assets | $ | 170,086 | $ | 447,031 | $ | 246,272 | ||||||
|
|
|
|
|
| |||||||
Net assets consist of: | ||||||||||||
Shares of beneficial interest, unlimited shares authorized, no par value | $ | 181,226 | $ | 411,391 | $ | 253,041 | ||||||
Undistributed (accumulated) net investment income (loss) | (526 | ) | 904 | (4,351 | ) | |||||||
Undistributed (accumulated) net realized gain (loss) from investments | (10,614 | ) | (390 | ) | (2,965 | ) | ||||||
Net unrealized appreciation (depreciation) on: | ||||||||||||
Investment securities | — | 35,158 | — | |||||||||
Futures contracts | — | 3 | 2,294 | |||||||||
Written option contracts | — | (112 | ) | — | ||||||||
Swap agreements | — | (A) | 139 | 371 | ||||||||
Translation of assets and liabilities denominated in foreign currencies | — | (62 | ) | (2,118 | ) | |||||||
|
|
|
|
|
| |||||||
Net assets | $ | 170,086 | $ | 447,031 | $ | 246,272 | ||||||
|
|
|
|
|
| |||||||
Shares outstanding | 17,553 | 40,864 | 26,204 | |||||||||
Net asset value and offering price per share | $ | 9.69 | $ | 10.94 | $ | 9.40 | ||||||
|
|
|
|
|
| |||||||
Investment securities, at cost | $ | 104,994 | $ | 465,279 | $ | 206,235 | ||||||
|
|
|
|
|
| |||||||
Repurchase agreement, at cost | $ | 45,318 | $ | 773 | $ | — | ||||||
|
|
|
|
|
| |||||||
Foreign currency, at cost | $ | — | $ | 391 | $ | 58 | ||||||
|
|
|
|
|
| |||||||
Securities loaned, at value | $ | — | $ | 46,985 | $ | — | ||||||
|
|
|
|
|
| |||||||
Premium received on written option & swaption contracts | $ | — | $ | 1,878 | $ | — | ||||||
|
|
|
|
|
|
(A) | Rounds to less than $1. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 170 |
CONSOLIDATED STATEMENTS OF OPERATIONS
For the period ended April 30, 2012
(unaudited)
Transamerica Commodity Strategy | Transamerica Global Allocation | Transamerica Managed Futures Strategy | ||||||||||
Investment income: | ||||||||||||
Dividend income | $ | — | $ | 3,495 | $ | — | ||||||
Withholding taxes on foreign income | — | (161 | ) | — | ||||||||
Interest income | 41 | 1,889 | 16 | |||||||||
Securities lending income (net) | 22 | 102 | — | |||||||||
|
|
|
|
|
| |||||||
63 | 5,325 | 16 | ||||||||||
|
|
|
|
|
| |||||||
Expenses: | ||||||||||||
Management and advisory | 514 | 1,585 | 1,191 | |||||||||
Transfer agent | 6 | 16 | 8 | |||||||||
Printing and shareholder reports | 3 | 5 | 3 | |||||||||
Custody | 31 | 293 | 219 | |||||||||
Administration | 18 | 47 | 23 | |||||||||
Legal | 4 | 8 | 5 | |||||||||
Audit and tax | 10 | 17 | 11 | |||||||||
Trustees | 2 | 4 | 2 | |||||||||
Other | 1 | 4 | 24 | |||||||||
|
|
|
|
|
| |||||||
Total expenses | 589 | 1,979 | 1,486 | |||||||||
|
|
|
|
|
| |||||||
Net investment income (loss) | (526 | ) | 3,346 | (1,470 | ) | |||||||
|
|
|
|
|
| |||||||
Net realized gain (loss) on transactions from: | ||||||||||||
Investment securities | — | 2,390 | (A) | — | ||||||||
Futures contracts | — | (1,083 | ) | 187 | ||||||||
Written option and swaption contracts | — | 902 | — | |||||||||
Swap agreements | (10,615 | ) | 17 | 220 | ||||||||
Foreign currency transactions | — | 108 | (5,654 | ) | ||||||||
|
|
|
|
|
| |||||||
Net realized gain (loss) | (10,615 | ) | 2,334 | (5,247 | ) | |||||||
|
|
|
|
|
| |||||||
Net increase (decrease) in unrealized appreciation (depreciation) on: |
| |||||||||||
Investment securities | — | 10,445 | (B) | — | ||||||||
Futures contracts | — | 569 | 4,325 | |||||||||
Written option and swaption contracts | — | 243 | — | |||||||||
Swap agreements | — | 153 | 290 | |||||||||
Translation of assets and liabilities denominated in foreign currencies | — | (277 | ) | 4,393 | ||||||||
|
|
|
|
|
| |||||||
Net change in unrealized appreciation (depreciation): | — | 11,133 | 9,008 | |||||||||
|
|
|
|
|
| |||||||
Net realized and change in unrealized gain (loss) | (10,615 | ) | 13,467 | 3,761 | ||||||||
|
|
|
|
|
| |||||||
Net increase (decrease) in net assets resulting from operations | $ | (11,141 | ) | $ | 16,813 | $ | 2,291 | |||||
|
|
|
|
|
|
(A) | Net of foreign capital gains tax of $14. |
(B) | Net of foreign capital gains tax of $51. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 171 |
CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS
For the periods and years ended:
(all amounts in thousands)
Transamerica Commodity Strategy | Transamerica Global Allocation | Transamerica Managed Futures Strategy | ||||||||||||||||||||||
April 30, 2012 (unaudited) | October 31, 2011 | April 30, 2012 (unaudited) | October 31, 2011 | April 30, 2012 (unaudited) | October 31, 2011 | |||||||||||||||||||
From operations: | ||||||||||||||||||||||||
Net investment income (loss) | $ | (526 | ) | $ | (1,079 | ) | $ | 3,346 | $ | 9,618 | $ | (1,470 | ) | $ | (3,062 | ) | ||||||||
Net realized gain (loss)(A) | (10,615 | ) | 7,381 | 2,334 | 23,095 | (5,247 | ) | (4,806 | ) | |||||||||||||||
Net change in unrealized appreciation (depreciation)(B) | — | (2 | ) | 11,133 | (20,942 | ) | 9,008 | (12,117 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net increase (decrease) in net assets resulting from operations | (11,141 | ) | 6,300 | 16,813 | 11,771 | 2,291 | (19,985 | ) | ||||||||||||||||
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|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions to shareholders: | ||||||||||||||||||||||||
From net investment income | (6,303 | ) | (7,529 | ) | (10,438 | ) | (7,497 | ) | (88 | ) | (2,620 | ) | ||||||||||||
From net realized gains | — | (6,294 | ) | (6,764 | ) | — | (128 | ) | (1,710 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total distributions to shareholders | (6,303 | ) | (13,823 | ) | (17,202 | ) | (7,497 | ) | (216 | ) | (4,330 | ) | ||||||||||||
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|
|
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|
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| |||||||||||||
Capital share transactions: | ||||||||||||||||||||||||
Proceeds from shares sold | 11,277 | 36,071 | 28,900 | 39,339 | 47,759 | 150,756 | ||||||||||||||||||
Dividends and distributions reinvested | 6,303 | 13,823 | 17,202 | 7,497 | 216 | 4,330 | ||||||||||||||||||
Cost of shares redeemed | (7,893 | ) | (11,504 | ) | (20,908 | ) | (126,189 | ) | (66,187 | ) | (126,249 | ) | ||||||||||||
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|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net increase (decrease) in net assets resulting from capital shares transactions | 9,687 | 38,390 | 25,194 | (79,353 | ) | (18,212 | ) | 28,837 | ||||||||||||||||
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|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net increase (decrease) in net assets | (7,757 | ) | 30,867 | 24,805 | (75,079 | ) | (16,137 | ) | 4,522 | |||||||||||||||
|
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|
|
|
|
|
|
|
|
|
| |||||||||||||
Net assets: | ||||||||||||||||||||||||
Beginning of period/year | 177,843 | 146,976 | 422,226 | 497,305 | 262,409 | 257,887 | ||||||||||||||||||
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|
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|
|
|
|
|
| |||||||||||||
End of period/year | $ | 170,086 | $ | 177,843 | $ | 447,031 | $ | 422,226 | $ | 246,272 | $ | 262,409 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Undistributed (accumulated) net investment income (loss) | $ | (526 | ) | $ | 6,303 | $ | 904 | $ | 7,996 | $ | (4,351 | ) | $ | (2,793 | ) | |||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Share activity: | ||||||||||||||||||||||||
Shares issued | 1,161 | 3,166 | 2,663 | 3,506 | 5,064 | 15,207 | ||||||||||||||||||
Shares issued-reinvested from distributions | 669 | 1,290 | 1,710 | 689 | 22 | 432 | ||||||||||||||||||
Shares redeemed | (789 | ) | (1,026 | ) | (1,944 | ) | (11,328 | ) | (6,988 | ) | (12,921 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net increase (decrease) in shares outstanding | 1,041 | 3,430 | 2,429 | (7,133 | ) | (1,902 | ) | 2,718 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
(A) | Net realized gain (loss) includes all items listed in the Statements of Operations. |
(B) | Change in unrealized appreciation (depreciation) includes all items listed in the Statements of Operations. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 172 |
FINANCIAL HIGHLIGHTS
For the periods and years ended:
Transamerica Commodity Strategy | ||||||||||||||||||||||||
For a share outstanding throughout each period | April 30, 2012 (unaudited) | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | October 31, 2007(A) | ||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 10.77 | $ | 11.24 | $ | 10.03 | $ | 8.11 | $ | 14.11 | $ | 10.00 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income (loss)(B) | (0.03 | ) | (0.07 | ) | 0.04 | 0.05 | 0.03 | 0.04 | ||||||||||||||||
Net realized and change in unrealized gain (loss) on investments | (0.67 | ) | 0.64 | 1.22 | 1.91 | (5.85 | ) | 4.07 | ||||||||||||||||
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|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total from investment operations | (0.70 | ) | 0.57 | 1.26 | 1.96 | (5.82 | ) | 4.11 | ||||||||||||||||
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|
|
|
|
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| |||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.38 | ) | (0.57 | ) | (0.05 | ) | (0.04 | ) | 0.03 | — | ||||||||||||||
Net realized gains on investments | — | (0.47 | ) | — | — | (C) | (0.15 | ) | — | |||||||||||||||
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| |||||||||||||
Total distributions | (0.38 | ) | (1.04 | ) | (0.05 | ) | (0.04 | ) | (0.18 | ) | — | |||||||||||||
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|
|
| |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 9.69 | $ | 10.77 | $ | 11.24 | $ | 10.03 | $ | 8.11 | $ | 14.11 | ||||||||||||
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| |||||||||||||
Total return(D) | (6.38 | )%(E) | 5.12 | % | 12.61 | % | 24.41 | % | (41.77 | )% | 41.10 | %(E) | ||||||||||||
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|
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| |||||||||||||
Net assets end of period/year (000’s) | $ | 170,086 | $ | 177,843 | $ | 146,976 | $ | 121,342 | $ | 87,252 | $ | 156,779 | ||||||||||||
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| |||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets: | ||||||||||||||||||||||||
After reimbursement/recapture | 0.70 | %(F) | 0.71 | % | 0.86 | % | 0.89 | % | 0.86 | % | 0.89 | %(F) | ||||||||||||
Before reimbursement/recapture | 0.70 | %(F) | 0.71 | % | 0.86 | % | 0.89 | % | 0.86 | % | 0.89 | %(F) | ||||||||||||
Net investment income (loss), to average net assets | (0.62 | )%(F) | (0.60 | )% | 0.38 | % | 0.63 | % | 0.21 | % | 0.39 | %(F) | ||||||||||||
Portfolio turnover rate | — | % | — | % | 112 | %(G) | 5 | % | 4 | % | 7 | %(E) | ||||||||||||
Transamerica Global Allocation | ||||||||||||||||||||||||
For a share outstanding throughout each period | April 30, 2012 (unaudited) | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | October 31, 2007 | ||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 10.99 | $ | 10.91 | $ | 9.99 | $ | 9.32 | $ | 13.23 | $ | 11.23 | ||||||||||||
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| |||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(B) | 0.09 | 0.22 | 0.20 | 0.19 | 0.27 | 0.24 | ||||||||||||||||||
Net realized and change in unrealized gain (loss) on investments | 0.31 | 0.03 | 0.93 | 1.55 | (3.25 | ) | 2.15 | |||||||||||||||||
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| |||||||||||||
Total from investment operations | 0.40 | 0.25 | 1.13 | 1.74 | (2.98 | ) | 2.39 | |||||||||||||||||
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|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.27 | ) | (0.17 | ) | (0.21 | ) | (0.55 | ) | (0.35 | ) | (0.20 | ) | ||||||||||||
Net realized gains on investments | (0.18 | ) | — | — | (0.52 | ) | (0.58 | ) | (0.19 | ) | ||||||||||||||
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| |||||||||||||
Total distributions | (0.45 | ) | (0.17 | ) | (0.21 | ) | (1.07 | ) | (0.93 | ) | (0.39 | ) | ||||||||||||
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| |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 10.94 | $ | 10.99 | $ | 10.91 | $ | 9.99 | $ | 9.32 | $ | 13.23 | ||||||||||||
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| |||||||||||||
Total return(D) | 3.96 | %(E) | 2.28 | % | 11.40 | % | 20.57 | % | (24.23 | )% | 21.95 | % | ||||||||||||
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| |||||||||||||
Net assets end of period/year (000’s) | $ | 447,031 | $ | 422,226 | $ | 497,305 | $ | 448,979 | $ | 377,781 | $ | 520,484 | ||||||||||||
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Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets: | ||||||||||||||||||||||||
After reimbursement/recapture | 0.92 | %(F) | 0.91 | % | 0.87 | % | 0.90 | % | 0.88 | % | 0.85 | % | ||||||||||||
Before reimbursement/recapture | 0.92 | %(F) | 0.91 | % | 0.87 | % | 0.90 | % | 0.88 | % | 0.85 | % | ||||||||||||
Net investment income, to average net assets | 1.56 | %(F) | 1.98 | % | 1.96 | % | 2.08 | % | 2.25 | % | 2.04 | % | ||||||||||||
Portfolio turnover rate | 14 | %(E) | 41 | % | 51 | % | 43 | % | 49 | % | 30 | % |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 173 |
FINANCIAL HIGHLIGHTS
For the periods and years ended:
Transamerica Managed Futures Strategy | ||||||||||||
For a share outstanding throughout each period | April 30, 2012 (unaudited) | October 31, 2011 | October 31, 2010(H) | |||||||||
Net asset value | ||||||||||||
Beginning of period/year | $ | 9.34 | $ | 10.16 | $ | 10.00 | ||||||
Investment operations | ||||||||||||
Net investment loss(B) | (0.06 | ) | (0.12 | ) | (0.01 | ) | ||||||
Net realized and change in unrealized gain (loss) on investments | 0.13 | (0.53 | ) | 0.17 | ||||||||
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Total from investment operations | 0.07 | (0.65 | ) | 0.16 | ||||||||
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| |||||||
Distributions | ||||||||||||
Net investment income | — | (C) | (0.10 | ) | — | |||||||
Net realized gains on investments | (0.01 | ) | (0.07 | ) | — | |||||||
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| |||||||
Total distributions | (0.01 | ) | (0.17 | ) | — | |||||||
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| |||||||
Net asset value | ||||||||||||
End of period/year | $ | 9.40 | $ | 9.34 | $ | 10.16 | ||||||
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| |||||||
Total return(D) | 0.74 | %(E) | (6.52 | )% | 1.60 | %(E) | ||||||
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| |||||||
Net assets end of period/year (000’s) | $ | 246,272 | $ | 262,409 | $ | 257,887 | ||||||
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Ratio and supplemental data | ||||||||||||
Expenses to average net assets: | ||||||||||||
After reimbursement/recapture | 1.37 | %(F) | 1.31 | % | 1.38 | %(F) | ||||||
Before reimbursement/recapture | 1.37 | %(F) | 1.31 | % | 1.38 | %(F) | ||||||
Net investment loss, to average net assets | (1.37 | )%(F) | (1.21 | )% | (1.22 | )%(F) | ||||||
Portfolio turnover rate | — | %(E) | — | % | — | %(E) |
(A) | Commenced operations on January 3, 2007. |
(B) | Calculated based on average number of shares outstanding. |
(C) | Rounds to less than $0.01 or $(0.01). |
(D) | Total return has been calculated for the applicable period without deduction of a sales load, if any, on an initial purchase. |
(E) | Not annualized. |
(F) | Annualized. |
(G) | Increase in portfolio turnover was triggered by a change in the fund’s objectives. |
(H) | Commenced operations on September 30, 2010. |
Note: Prior to November 1, 2009, all of the financial highlights were audited by another independent registered public accounting firm.
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 174 |
NOTES TO FINANCIAL STATEMENTS
At April 30, 2012
(all amounts in thousands)
(unaudited)
NOTE 1. ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES
Transamerica Funds (the “Trust”) is an open-end management investment company registered under the Investment Company Act of 1940, as amended (the “1940 Act”). Effective March 1, 2012, the following name changes occurred:
Fund Name | Formerly Known As | |
Transamerica Arbitrage Strategy | Transamerica Water Island Arbitrage Strategy | |
Transamerica Bond | Transamerica Loomis Sayles Bond | |
Transamerica Core Bond | Transamerica JPMorgan Core Bond | |
Transamerica Developing Markets Debt | Transamerica Morgan Stanley Emerging Markets Debt | |
Transamerica Developing Markets Equity | Transamerica Oppenheimer Developing Markets | |
Transamerica Emerging Markets | Transamerica WMC Emerging Markets | |
Transamerica Global Macro | Transamerica First Quadrant Global Macro | |
Transamerica Global Real Estate Securities | Transamerica Clarion Global Real Estate Securities | |
Transamerica Growth | Transamerica Jennison Growth | |
Transamerica International | Transamerica Neuberger Berman International | |
Transamerica International Equity Opportunities | Transamerica MFS International Equity | |
Transamerica International Small Cap | Transamerica Schroders International Small Cap | |
Transamerica International Value | Transamerica Hansberger International Value | |
Transamerica International Value Opportunities | Transamerica Thornburg International Value | |
Transamerica Large Cap Value | Transamerica BlackRock Large Cap Value | |
Transamerica Long/Short Strategy | Transamerica JPMorgan Long/Short Strategy | |
Transamerica Mid Cap Value | Transamerica JPMorgan Mid Cap Value | |
Transamerica Real Return TIPS | Transamerica PIMCO Real Return TIPS | |
Transamerica Select Equity | Transamerica ICAP Select Equity | |
Transamerica Small- & Mid-Cap Value Select | Transamerica Oppenheimer Small- & Mid-Cap Value | |
Transamerica Small Company Growth | Transamerica Morgan Stanley Small Company Growth | |
Transamerica Total Return | Transamerica PIMCO Total Return | |
Transamerica Value | Transamerica Third Avenue Value | |
Transamerica Commodity Strategy | Transamerica Goldman Sachs Commodity Strategy | |
Transamerica Global Allocation | Transamerica BlackRock Global Allocation | |
Transamerica Managed Futures Strategy | Transamerica AQR Managed Futures Strategy |
Transamerica Arbitrage Strategy, Transamerica Bond, Transamerica Core Bond, Transamerica Developing Markets Debt, Transamerica Developing Markets Equity, Transamerica Emerging Markets, Transamerica Global Macro, Transamerica Global Real Estate Securities, Transamerica Growth, Transamerica International, Transamerica International Equity Opportunities, Transamerica International Small Cap, Transamerica International Value, Transamerica International Value Opportunities, Transamerica Large Cap Value, Transamerica Long/Short Strategy, Transamerica Mid Cap Value, Transamerica Real Return TIPS, Transamerica Select Equity, Transamerica Small- & Mid-Cap Value Select, Transamerica Small Company Growth, Transamerica Total Return, Transamerica Value, Transamerica Commodity Strategy, Transamerica Global Allocation, and Transamerica Managed Futures Strategy, (each a “Fund”; collectively, the “Funds”) are part of Transamerica Funds.
Transamerica Commodity Strategy, Transamerica Developing Markets Debt, Transamerica Global Macro, Transamerica Global Real Estate Securities, Transamerica Managed Futures Strategy, Transamerica Real Return TIPS, and Transamerica Value are “non-diversified” under the 1940 Act.
This report should be read in conjunction with the Funds’ current prospectuses, which contains more complete information about the Funds, including investment objectives and strategies.
In the normal course of business, the Funds enter into contracts that contain a variety of representations that provide general indemnifications. The Funds’ maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Funds and/or their affiliates that have not yet occurred. However, based on experience, the Funds expect the risk of loss to be remote.
In preparing the Funds’ financial statements in accordance with accounting principles generally accepted in the United States of America (“GAAP”), estimates or assumptions (which could differ from actual results) may be used that affect reported amounts and disclosures. The following is a summary of significant accounting policies followed by the Funds.
Repurchase agreements: Securities purchased subject to repurchase agreements are held at the Funds’ custodian and, pursuant to the terms of the repurchase agreements, must be collateralized by securities with an aggregate market value greater than or equal to 100% of the resale price. The Funds will bear the risk of value fluctuations until the securities can be sold and may encounter delays and incur costs in liquidating the securities. In the event of bankruptcy or insolvency of the seller, delays and costs may be incurred.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 175 |
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2012
(all amounts in thousands)
(unaudited)
NOTE 1. (continued)
Foreign currency denominated investments: The accounting records of the Funds are maintained in U.S. dollars. Securities and other assets and liabilities denominated in foreign currencies are translated into U.S. dollars at the closing exchange rate each day. The costs of foreign securities are translated at the exchange rates in effect when the investment was acquired. Each Fund combines fluctuations from currency exchange rates and fluctuations in value when computing net realized and unrealized gains or losses from investments.
Net foreign currency gains and losses resulting from changes in exchange rates include: 1) foreign currency fluctuations between trade date and settlement date of investment security transactions; 2) gains and losses on forward foreign currency contracts; and 3) the difference between the receivable amounts of interest and dividends recorded in the accounting records in U.S. dollars and the amounts actually received.
Foreign currency denominated assets may involve risks not typically associated with domestic transactions. These risks include revaluation of currencies, adverse fluctuations in foreign currency values and possible adverse political, social, and economic developments, including those particular to a specific industry, country, or region.
Foreign capital gains taxes: The Funds may be subject to taxes imposed by countries in which they invest, with respect to their investments in issuers existing or operating in such countries. Such taxes are generally based on income earned or repatriated and the capital gains realized on the sale of such investments. The Funds accrue such taxes when the related income or capital gains are earned. Some countries require governmental approval for the repatriation of investment income, capital, or the proceeds of sales earned by foreign investors. In addition, if there is deterioration in a country’s balance of payments or for other reasons, a country may impose temporary restrictions on foreign capital remittances abroad.
Forward foreign currency contracts: The Funds are subject to foreign currency exchange rate risk exposure in the normal course of pursuing their investment objectives. The Funds enter into forward foreign currency contracts to hedge against exchange rate risk arising from investments in securities denominated in foreign currencies. Forward foreign currency contracts are marked to market daily, with the change in value recorded as an unrealized gain or loss. When the contracts are settled, a realized gain or loss is incurred. Risks may arise from changes in market value of the underlying currencies and from the possible inability of counterparties to meet the terms of their contracts.
Open forward foreign currency contracts at April 30, 2012 are listed in the Schedules of Investments.
Option and swaption contracts: The Funds are subject to equity price risk, interest rate risk, and foreign currency exchange rate risk in the normal course of pursuing their investment objectives. The Funds enter into option contracts to manage exposure to various market fluctuations. Options are valued at the average of the bid and ask (“Mean Quote”) established each day at the close of the board of trade or exchange on which they are traded. The primary risks associated with options are an imperfect correlation between the change in value of the securities held and the prices of the option contracts, the possibility of an illiquid market, and an inability of the counterparty to meet the contract terms.
The Funds write call and put options on futures, swaps (“swaptions”), securities or currencies they own or in which they may invest, and inflation-capped options. When a Fund writes a covered call, put option/swaption, or inflation-capped option, an amount equal to the premium received by a Fund is included in the Fund’s Statement of Assets and Liabilities as an asset and as an equivalent liability. The purpose of inflation-capped options is to protect the buyer from inflation erosion above a certain rate on a given notional exposure. A floor can be used to give downside protection to the investments in inflation-linked products. Premiums received from writing options/swaptions which expire are treated as realized gains. Premiums received from writing options/swaptions which are exercised or closed are added to the proceeds or offset against amounts paid on the underlying future, swap, security or currency transaction to determine the realized gain or loss. Options are marked-to-market daily to reflect the current value of the option/swaption written.
Funds purchase put and call options on foreign or U.S. securities, indices, futures, swaps (“swaptions”), and commodities. Purchasing call options tends to increase exposure to the underlying instrument. Purchasing put options tends to decrease exposure to the underlying instrument. The Funds pay premiums, which are included in the Statements of Assets and Liabilities as an investment and subsequently marked-to-market to reflect the current value of the option. Premiums paid for purchasing options which expire are treated as realized losses. The risk associated with purchasing put and call options is limited to the premium paid. Premiums paid for purchasing options/swaptions which are exercised or closed are added to the amounts paid or offset against the proceeds on the underlying futures, swaps, security, commodity, or currency transaction to determine the realized gain or loss. Realized gains or losses are reflected in the realized gains or losses of investment securities on the Statements of Operations.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 176 |
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2012
(all amounts in thousands)
(unaudited)
NOTE 1. (continued)
The underlying face amounts of open option and swaption contracts at April 30, 2012 are listed in the Schedules of Investments. Transactions in written options were as follows:
Transamerica Arbitrage Strategy | Premium | Notional Amount | ||||||
Balance at October 31, 2011 | $ | 157 | $ | 244 | ||||
Sales | 2,403 | 2,644 | ||||||
Closing Buys | (681 | ) | (567 | ) | ||||
Expirations | (1,514 | ) | (1,861 | ) | ||||
Exercised | (36 | ) | (30 | ) | ||||
|
|
|
| |||||
Balance at April 30, 2012 | $ | 328 | $ | 430 |
Transamerica Real Return TIPS | Premium | Notional Amount | ||||||
Balance at October 31, 2011 | $ | 227 | $ | 25,300 | ||||
Sales | — | — | ||||||
Closing Buys | — | — | ||||||
Expirations | — | — | ||||||
Exercised | — | — | ||||||
|
|
|
| |||||
Balance at April 30, 2012 | $ | 227 | $ | 25,300 |
Transamerica Global Macro | Premium | Notional Amount | ||||||
Balance at October 31, 2011 | $ | 1,868 | $ | 53 | ||||
Sales | 5,734 | 476 | ||||||
Closing Buys | (5,649 | ) | (281 | ) | ||||
Expirations | (1,586 | ) | (137 | ) | ||||
Exercised | — | — | ||||||
|
|
|
| |||||
Balance at April 30, 2012 | $ | 367 | $ | 111 |
Transamerica Global Allocation | Premium | Notional Amount | ||||||
Balance at October 31, 2011 | $ | 1,869 | $ | 1,637 | ||||
Sales | 1,872 | 741 | ||||||
Closing Buys | (1,130 | ) | (582 | ) | ||||
Expirations | (646 | ) | (322 | ) | ||||
Exercised | (87 | ) | (58 | ) | ||||
|
|
|
| |||||
Balance at April 30, 2012 | $ | 1,878 | $ | 1,416 |
Transactions in written swaptions were as follows:
Transamerica Real Return TIPS | Premium | Notional Amount | ||||||
Balance at October 31, 2011 | $ | 2,041 | $ | 262,000 | ||||
Sales | 1,866 | 183,500 | ||||||
Closing Buys | (2,172 | ) | (251,600 | ) | ||||
Expirations | (146 | ) | (13,400 | ) | ||||
Exercised | — | — | ||||||
|
|
|
| |||||
Balance at April 30, 2012 | $ | 1,589 | $ | 180,500 |
Transamerica Total Return | Premium | Notional Amount | ||||||
Balance at October 31, 2011 | $ | 691 | $ | 70,600 | ||||
Sales | 902 | 63,200 | ||||||
Closing Buys | (664 | ) | (73,100 | ) | ||||
Expirations | (27 | ) | (2,500 | ) | ||||
Exercised | — | — | ||||||
|
|
|
| |||||
Balance at April 30, 2012 | $ | 902 | $ | 58,200 |
Futures contracts: The Funds are subject to equity price risk, interest rate risk, foreign currency exchange rate risk, and commodity risk in the normal course of pursuing their investment objectives. The Funds use futures contracts to gain exposure to, or to hedge against, changes in the value of equities, interest rates, or foreign currencies. A futures contract represents a commitment for the future purchase or sale of an asset at a specified price on a specified date. Upon entering into such contracts, the Funds are required to deposit with the broker either in cash or securities an initial margin in an amount equal to a certain percentage of the contract amount.
Subsequent payments (variation margin) are paid or received by the Funds each day, depending on the daily fluctuations in the value of the contracts, and are recorded for financial statement purposes as unrealized gains or losses by the Funds. Upon entering into such contracts, the Funds bear the risk of interest or exchange rates or security prices moving unexpectedly, in which case, the Funds may not achieve the anticipated benefits of the futures contracts and may realize losses. With futures, there is minimal counterparty credit risk to the Funds since futures are exchange traded and the exchange’s clearinghouse, as counterparty to all exchange traded futures, guarantees the futures against default.
The open futures contracts at April 30, 2012 are listed in the Schedules of Investments. The variation margin receivable or payable, as applicable, is included in the Statements of Assets and Liabilities.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 177 |
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2012
(all amounts in thousands)
(unaudited)
NOTE 1. (continued)
Swap agreements: Swap agreements are privately negotiated agreements between the Funds and a counterparty to exchange or swap investments, cash flows, assets, foreign currencies or market-linked returns at specified, future intervals. Swap agreements are negotiated in the over-the-counter market (“OTC swaps”) and may be executed in a multilateral or other trade facility platform, such as a registered commodities exchange (“centrally cleared swaps”). Certain Funds enter into credit default, cross-currency, interest rate, total return, variance and other forms of swap agreements to manage exposure to credit, currency interest rate risk, and commodity risk. In connection with these agreements, securities may be identified as collateral in accordance with the terms of the respective swap agreements to provide assets of value and recourse in the event of default or bankruptcy/insolvency. Swaps are marked to market daily based upon values from third party vendors or quotations from market makers to the extent available, and the change in value, if any, is recorded as an unrealized gain or loss on the Statements of Assets and Liabilities. Payments received or made at the beginning of the measurement period are reflected as such on the Statements of Assets and Liabilities and represent payments made or received upon entering into the swap agreement to compensate for differences between the stated terms of the swap agreement and prevailing market conditions (credit spreads, currency exchange rates, interest rates, and other relevant factors). These upfront payments are recorded as realized gains or losses on the Statements of Operations upon termination or maturity of the swap. A liquidation payment received or made at the termination of the swap is recorded as realized gain or loss on the Statements of Operations. Net periodic payments received or paid by a Fund are included as part of realized gains or losses on the Statements of Operations. Specific risks and accounting related to each type of swap agreement are identified and described in the following paragraphs:
Credit default swap agreements: The Funds are subject to credit risk in the normal course of pursuing their investment objectives. The Funds enter into credit default swaps to manage their exposure to the market or certain sectors of the market, to reduce their risk exposure to defaults of corporate and sovereign issuers, or to create exposure to corporate or sovereign issuers to which they are not otherwise exposed.
Credit default swaps involve the exchange of a fixed rate premium for protection against the loss in value of an underlying security in the event of a defined credit event, such as payment default or bankruptcy (buy protection).
Under a credit default swap, one party acts as a guarantor by receiving the fixed periodic payment in exchange for the commitment to purchase the underlying security at par if the defined credit event occurs (sell protection). The Funds’ maximum risk of loss from counterparty risk, either as the protection seller or as the protection buyer, is the notional amount of the contract. This risk is mitigated by having a master netting arrangement between the Funds and the counterparty and by the posting of collateral by the counterparty to the Funds to cover the Funds’ exposure to the counterparty.
Certain Funds sell credit default swaps which expose them to risk of loss from credit risk related events specified in the contracts. Although contract-specific, credit events are generally defined as bankruptcy, failure to pay, restructuring, obligation acceleration, obligation default, or repudiation/moratorium. The aggregate fair value of the credit default swaps is disclosed in the Schedules of Investments. The aggregate fair value of assets posted as collateral, net of assets received as collateral, for these swaps is included in the footnotes to the Schedules of Investments. If a defined credit event had occurred during the period, the swaps’ credit-risk-related contingent features would have been triggered and the Funds would have been required to pay the notional amounts for the credit default swaps with a sell protection less the value of the contracts’ related reference obligations.
Interest rate swap agreements: The Funds are subject to interest rate risk exposure in the normal course of pursuing their investment objectives. To help hedge against this risk, the Funds enter into interest rate swap contracts. Interest rate swaps are agreements between two parties to exchange cash flows based on a notional principal amount. The Funds with interest rate swap agreements can elect to pay a fixed rate and receive a floating rate, or, receive a fixed rate and pay a floating rate, on a notional principal amount. The risks of interest rate swaps include changes in market conditions which will affect the value of the contract or the cash flows and the possible inability of the counterparty to fulfill its obligations under the agreement. The Funds’ maximum risk of loss from counterparty credit risk is the discounted net value of the cash flows to be received from/paid to the counterparties over the contracts’ remaining lives, to the extent that that amount is positive. This risk is mitigated by having a master netting arrangement between the Funds and the counterparty and by the posting of collateral by the counterparty to the Funds to cover the Funds’ exposure to the counterparty.
Total return swap agreements: The Funds are subject to commodity, equity, and other risks related to the underlying investments of the swap agreement in the normal course of pursuing their investment objectives. The value of commodity-linked investments held by a Fund can be affected by a variety of factors, including, but not limited to, overall market movements and other factors affecting the value of particular industries or commodities, such as weather, disease, embargoes, acts of war or terrorism, or political and regulatory developments. Commodity-linked derivatives are available from a relatively small number of issuers which subjects a Fund’s investments in commodity-linked derivatives to counterparty risk, which is the risk that the issuer of the commodity-linked derivative will not fulfill its contractual obligations. Total return swap agreements on commodities involve commitments whereby cash flows are exchanged based on the price of a commodity and in exchange for either a fixed or floating price or rate. One party would receive payments based on the market value of the commodity involved and pay a fixed amount. Total return swap agreements on indices involve commitments to pay interest in exchange for a market-linked return. One counterparty pays out the total return of a specific reference asset, which may be an equity, index, commodity, or bond, and in return receives a regular stream of payments.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 178 |
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2012
(all amounts in thousands)
(unaudited)
NOTE 1. (continued)
Cross-currency swaps: The Funds are subject to foreign currency exchange rate risks in the normal course of pursuing their investment objectives. The Funds enter into cross-currency swaps to gain or reduce exposure to foreign currencies or to hedge against foreign currency exchange rate and/or interest rate risk. Cross-currency swaps are interest rate swaps in which two parties agree to exchange cash flows based on the notional amounts of two different currencies. The Funds with cross-currency swap agreements can elect to pay a fixed rate and receive a floating rate, or, receive a fixed rate and pay a floating rate on the notional amounts of two different currencies. The notional amounts are typically determined based on the spot exchange rates at the inception of the trade. Cross-currency swaps can also involve an exchange of notional amounts at the start, during and/or at expiration of the contract, either at the current spot rate or another specified rate.
The open swap agreements at April 30, 2012 are disclosed in the Schedules of Investments.
Reverse repurchase agreements: The Funds enter into reverse repurchase agreements in which the Funds sell portfolio securities and agree to repurchase them from the buyer at a specified date and price. Pursuant to the terms of the reverse repurchase agreements, the Funds’ custodian must segregate assets with an aggregate market value greater than or equal to 100% of the resale price. Securities sold under reverse repurchase agreements are shown in the Schedules of Investments and reflected as a liability on the Statements of Assets and Liabilities.
Transamerica Real Return TIPS had outstanding reverse repurchase agreements during the period ending April 30, 2012. The average amount of reverse repurchase agreement while outstanding during the period ended April 30, 2012 was $10,658 at a weighted average interest rate of 0.15%. On April 30, 2012, there were no open reverse repurchase agreements.
Short sales: A short sale is a transaction in which a Fund sells securities it does not own, but has borrowed, in anticipation of a decline in the market price of the securities. The Funds are obligated to replace the borrowed securities at the market price at the time of replacement. The Funds’ obligation to replace the securities borrowed in connection with a short sale is fully secured by collateral deposited with the custodian. In addition, the Funds consider the short sale to be a borrowing by the Funds that is subject to the asset coverage requirements of the 1940 Act.
Short sales represent an aggressive trading practice with a high risk/return potential, and short sales involve special considerations. Risks of short sales include that possible losses from short sales may be unlimited (e.g., if the price of stocks sold short rises), whereas losses from direct purchases of securities are limited to the total amount invested, and the Funds may be unable to replace borrowed securities sold short.
The Funds investing in short sales are liable for any dividends payable on securities while those securities are in a short position and also bear other costs, such as charges for the prime brokerage accounts, in connection with its short positions. These costs are reported as dividends and/or interest from securities sold short in the Statements of Operations.
Loan participations/assignments: Participations/assignments in commercial loans may be secured or unsecured. These investments may include standby financing commitments, including revolving credit facilities that obligate the Funds to supply additional cash to the borrowers on demand. Loan participations/assignments involve risks of insolvency of the lending banks or other financial intermediaries. As such, the Funds assume the credit risks associated with the corporate borrowers and may assume the credit risks associated with the interposed banks or other financial intermediaries.
The Funds may be contractually obligated to receive approval from the agent banks and/or borrowers prior to the sale of these investments. Loan participations typically represent direct participation in loans to corporate borrowers, and generally are offered by banks or other financial institutions or lending syndicates. The Funds that participate in such syndications, or can buy a portion of the loans, become part lenders. Loans are often administered by agent banks acting as agents for all holders.
The agent banks administer the terms of the loans, as specified in the loan agreements. In addition, the agent banks are normally responsible for the collection of principal and interest payments from the corporate borrowers and the apportionment of these payments to the credit of all institutions that are parties to the loan agreements. Unless, under the terms of the loans or other indebtedness, the portfolios have direct recourse against the corporate borrowers, the Funds may have to rely on the agent banks or other financial intermediaries to apply appropriate credit remedies against corporate borrowers.
The Funds held no unsecured loan participations at April 30, 2012.
Structured notes: Certain Funds invest in structured notes. A structured debt instrument is a hybrid debt security that has an embedded derivative. This type of instrument is used to manage cash flows from the debt security. All structured notes are listed within the Schedules of Investments.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 179 |
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2012
(all amounts in thousands)
(unaudited)
NOTE 1. (continued)
To be announced (“TBA”) purchase commitments: TBA purchase commitments are entered into to purchase securities for a fixed price at a future date, typically not to exceed 45 days. They are considered securities in themselves, and involve a risk of loss if the value of the security to be purchased declines prior to settlement date, in addition to the risk of decline in the value of the Funds’ other assets. Unsettled TBA purchase commitments are valued at the current value of the underlying securities, according to the procedures described under Security Valuations. Open balances are included in the payable or receivable for investments purchased or sold.
Treasury inflation-protected securities (“TIPS”): Certain Funds invest in TIPS, specially structured bonds in which the principal amount is adjusted daily to keep pace with inflation as measured by the U.S. Consumer Price Index. The adjustments to principal due to inflation/deflation are reflected as increases/decreases to interest income with a corresponding adjustment to cost.
Restricted and illiquid securities: Restricted and illiquid securities are subject to legal or contractual restrictions on resale or are illiquid. Restricted securities generally may be resold in transactions exempt from registration. A security may be considered illiquid if it lacks a readily available market or if its valuation has not changed for a certain period of time. Disposal of these securities may involve time-consuming negotiations and expense, and prompt sale at the current valuation may be difficult.
The restricted and illiquid securities at April 30, 2012 are listed in the Schedules of Investments.
Securities lending: Securities are lent to qualified financial institutions and brokers. The lending of the Funds’ securities exposes the Funds to risks such as the following: (i) the borrowers may fail to return the loaned securities; (ii) the borrowers may not be able to provide additional collateral; (iii) the Funds may experience delays in recovery of the loaned securities or delays in access to collateral; or (iv) the Funds may experience losses related to the investment collateral. To minimize certain risks, loan counterparties pledge cash collateral equal to at least the market value of the securities loaned. Cash collateral received is invested in the State Street Navigator Securities Lending Trust-Prime Portfolio, a money market mutual fund registered under the 1940 Act. By lending such securities, the Funds seek to increase their net investment income through the receipt of interest (after rebates and fees).
Such income is reflected separately on the Statements of Operations. The value of loaned securities and related collateral outstanding at April 30, 2012 are shown in the Schedules of Investments and Statements of Assets and Liabilities.
Income from loaned securities on the Statements of Operations is net of fees paid to the lending agent for its services.
Cash overdraft: Throughout the year, the Funds may have cash overdraft balances. A fee is incurred on these overdrafts at a rate based on the federal funds rate. Expenses from cash overdrafts, if applicable, are included in Other expenses in the Statements of Operations.
Real estate investment trusts (“REITs”): There are certain additional risks involved in investing in REITs. These include, but are not limited to, economic conditions, changes in zoning laws, real estate values, property taxes, and interest rates.
Commission recapture: The sub-advisers of certain Funds, to the extent consistent with the best execution and usual commission rate policies and practices, have elected to place security transactions of the Funds with broker/dealers with which Transamerica Funds has established a Commission Recapture Program. A Commission Recapture Program is any arrangement under which a broker/dealer applies a portion of the commissions received by such broker/dealer on the security transactions to the Funds. In no event will commissions paid by the Funds be used to pay expenses that would otherwise be borne by any other funds within Transamerica Funds, or by any other party.
Commissions recaptured for the period ended April 30, 2012, are included in net realized gain (loss) on investment securities in the Statements of Operations and are summarized as follows:
Fund | Commissions | |||
Transamerica Emerging Markets | $ | 3 | ||
Transamerica Global Real Estate Securities | 5 | |||
Transamerica Growth | 31 | |||
Transamerica International Value | 6 | |||
Transamerica International Value Opportunities | 1 | |||
Transamerica Mid Cap Value | 3 | |||
Transamerica Select Equity | 139 | |||
Transamerica Small Company Growth | 10 | |||
Transamerica Value | 6 |
Security transactions and investment income: Security transactions are recorded on the trade date. Security gains and losses are calculated on the specific identification basis. Dividend income, if any, is recorded on the ex-dividend date or, in the case of foreign securities, as soon as the Funds are informed of the ex-dividend dates net of foreign taxes. Interest income, including accretion of discounts and amortization of premiums, is recorded on the accrual basis commencing on the settlement date.
Dividend income related to REITs is recorded at the distributions from the REIT investments. Distributions received in excess of the estimated amount are recorded as a reduction of the cost of investments. The actual amounts of income, return of capital, and capital gains are only determined by each REIT after the fiscal year end and may differ from the estimated amounts.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 180 |
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2012
(all amounts in thousands)
(unaudited)
NOTE 1. (continued)
Dividend distributions: Distributions to shareholders are recorded on the ex-dividend dates and are determined in accordance with federal income tax regulations, which may differ from GAAP.
Foreign taxes: The Funds may be subject to foreign taxes on income, gains on investments, or currency repatriation, a portion of which may be recoverable. The Funds accrue such taxes and recoveries as applicable, based upon the current interpretation of tax rules and regulations that exist in the markets in which the Funds invest.
NOTE 2. SECURITY VALUATIONS
All investments in securities are recorded at their estimated fair value. The Funds value their investments at the close of the New York Stock Exchange (“NYSE”), normally 4 p.m. Eastern Time, each day the NYSE is open for business. The Funds utilize various methods to measure the fair value of their investments on a recurring basis. GAAP 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 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, that 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, which may include Transamerica Asset Management Inc.’s (“TAM”) Valuation Committee’s own assumptions in determining the fair value of investments. Factors considered in making this determination may include, but are not limited to, information obtained by contacting the sub-advisor, issuer, analysts, or the appropriate stock exchange (for exchange-traded securities), analysis of the issuer’s financial statements or other available documents and, if necessary, available information concerning other securities in similar circumstances.
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.
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.
Fair value measurements: Descriptions of the valuation techniques applied to the Funds’ major categories of assets and liabilities measured at fair value on a recurring basis are as follows:
Equity securities (common and preferred stock): 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.
Foreign 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, Exchange Traded Funds, and the movement of the certain indices of securities based on a statistical analysis of their historical relationship; such valuations generally are categorized in Level 2.
Preferred stock, repurchase agreements, and other equities traded on inactive markets or valued by reference to similar instruments are also generally categorized in Level 2.
Securities lending collateral: Securities lending collateral is a money market fund which is valued at the net assets of the underlying securities and no valuation adjustments are applied. It is categorized in Level 1 of the fair value hierarchy.
Corporate bonds: The fair value of corporate bonds 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 bonds 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.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 181 |
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2012
(all amounts in thousands)
(unaudited)
NOTE 2. (continued)
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 as Level 3.
Short-term notes: Short-term notes are valued using amortized cost, which approximates fair value. To the extent the inputs are observable and timely, the values would be generally categorized in Level 2 of the fair value hierarchy.
Government securities: Government securities 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. Government securities generally are categorized in Level 2 of the fair value hierarchy.
U.S. government agency securities: U.S. government agency securities 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 securities. Mortgage pass-throughs include 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.
Restricted securities (equity and debt): Restricted securities for which quotations are not readily available are valued at fair value as determined in good faith by TAM’s Valuation Committee under the supervision of the Funds’ Board of Trustees. Restricted securities issued by publicly traded companies are generally valued at a discount to similar publicly traded securities. Restricted securities issued by nonpublic entities may be valued by reference to comparable public entities and/or fundamental data relating to the issuer. Depending on the relative significance of valuation inputs, these instruments may be classified in either Level 2 or Level 3 of the fair value hierarchy.
Derivative instruments: 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, option and swaption 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. A substantial majority of OTC derivative products valued by the Funds using pricing models fall into this category and are categorized within Level 2 of the fair value hierarchy.
Other: Securities for which quotations are not readily available or whose values have been determined to be unreliable are valued at fair market value as determined in good faith by TAM’s Valuation Committee under the supervision of the Funds’ Board of Trustees. For instances which daily market quotes are not readily available, securities may be valued, pursuant to procedures adopted by the Board of Trustees, with reference to other instruments or indices. Depending on the relative significance of valuation inputs, these instruments may be classified in either Level 2 or Level 3 of the fair value hierarchy. When a Fund uses fair valuation methods that rely on significant unobservable inputs to determine a security’s value, the Valuation Committee will choose the method that is believed to accurately reflect fair market value. These securities are categorized as Level 3 of the fair value hierarchy.
The hierarchy classification of inputs used to value the Funds’ investments at April 30, 2012 are disclosed in the Valuation Summary of each Fund’s Schedule of Investments. Transfers between Levels are considered to have occurred at the end of the reporting period.
There were no significant transfers between Level 1 and Level 2 during the period ended April 30, 2012.
For assets and liabilities for which significant unobservable inputs (Level 3) were used, a reconciliation of the beginning to the ending balances for reported market values that presents changes attributable to total realized and unrealized gains or losses, purchases and sales, and transfers in/out of the Level 3 category during the period. The Level 3 reconciliation, if any, is disclosed in the Valuation Summary of each respective Fund’s Schedule of Investments.
NOTE 3. RELATED PARTY TRANSACTIONS
TAM, the Funds’ investment adviser, is directly owned by Western Reserve Life Assurance Co. of Ohio and AUSA Holding Company (“AUSA”), both of which are indirect, wholly owned subsidiaries of AEGON NV. AUSA is wholly owned by AEGON USA, LLC (“AEGON USA”), a financial services holding company whose primary emphasis is on life and health insurance, and annuity and investment products. AEGON USA is owned by AEGON US Holding Corporation, which is owned by Transamerica Corporation (DE). Transamerica Corporation (DE) is owned by The AEGON Trust, which is owned by AEGON International B.V., which is owned by AEGON NV, a Netherlands corporation, and a publicly traded international insurance group.
Transamerica Fund Services, Inc. (“TFS”) is the Funds’ administrator and transfer agent. Transamerica Capital, Inc. (“TCI”) is the Funds’ distributor/principal underwriter. TAM, TFS, and TCI are affiliates of AEGON NV.
Certain officers and trustees of the Funds are also officers and/or directors of TAM, TFS, and TCI. No interested trustee receives compensation from the Funds.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 182 |
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2012
(all amounts in thousands)
(unaudited)
NOTE 3. (continued)
The following schedule reflects the percentage of the Funds’ assets owned by affiliated investment companies at April 30, 2012:
Transamerica Arbitrage Strategy | Market Value | % of Net Assets | ||||||
Transamerica Asset Allocation-Conservative Portfolio | $ | 21,058 | 15.50 | % | ||||
Transamerica Asset Allocation-Growth Portfolio | 3,058 | 2.25 | ||||||
Transamerica Asset Allocation-Moderate Portfolio | 37,014 | 27.24 | ||||||
Transamerica Asset Allocation-Moderate Growth Portfolio | 30,053 | 22.11 | ||||||
Transamerica Multi-Manager Alternative Strategies Portfolio | 44,599 | 32.82 | ||||||
|
|
|
| |||||
Total | $ | 135,782 | 99.92 | % | ||||
|
|
|
| |||||
Transamerica Bond | Market Value | % of Net Assets | ||||||
Transamerica Asset Allocation-Conservative Portfolio | $ | 69,465 | 13.67 | % | ||||
Transamerica Asset Allocation-Moderate Portfolio | 90,283 | 17.77 | ||||||
Transamerica Asset Allocation-Moderate Growth Portfolio | 56,363 | 11.10 | ||||||
Transamerica Multi-Manager Alternative Strategies Portfolio | 66,142 | 13.02 | ||||||
Transamerica Asset Allocation-Conservative VP | 33,172 | 6.53 | ||||||
Transamerica Asset Allocation-Moderate Growth VP | 52,343 | 10.30 | ||||||
Transamerica Asset Allocation-Moderate VP | 93,790 | 18.46 | ||||||
Transamerica International Moderate Growth VP | 445 | 0.09 | ||||||
|
|
|
| |||||
Total | $ | 462,003 | 90.94 | % | ||||
|
|
|
| |||||
Transamerica Core Bond | Market Value | % of Net Assets | ||||||
Transamerica Asset Allocation-Conservative Portfolio | $ | 208,800 | 9.82 | % | ||||
Transamerica Asset Allocation-Moderate Portfolio | 178,124 | 8.38 | ||||||
Transamerica Asset Allocation-Moderate Growth Portfolio | 170,573 | 8.02 | ||||||
Transamerica Asset Allocation-Conservative VP | 341,801 | 16.08 | ||||||
Transamerica Asset Allocation-Moderate Growth VP | 554,728 | 26.09 | ||||||
Transamerica Asset Allocation-Moderate VP | 596,081 | 28.04 | ||||||
Transamerica International Moderate Growth VP | 47,584 | 2.24 | ||||||
|
|
|
| |||||
Total | $ | 2,097,691 | 98.67 | % | ||||
|
|
|
| |||||
Transamerica Developing Markets Debt | Market Value | % of Net Assets | ||||||
Transamerica Asset Allocation-Conservative Portfolio | $ | 12,998 | 4.73 | % | ||||
Transamerica Asset Allocation-Moderate Portfolio | 20,389 | 7.42 | ||||||
Transamerica Asset Allocation-Moderate Growth Portfolio | 13,771 | 5.02 | ||||||
Transamerica Multi-Manager Alternative Strategies Portfolio | 21,232 | 7.73 | ||||||
Transamerica Asset Allocation-Conservative VP | 37,865 | 13.79 | ||||||
Transamerica Asset Allocation-Moderate Growth VP | 83,925 | 30.56 | ||||||
Transamerica Asset Allocation-Moderate VP | 81,854 | 29.81 | ||||||
|
|
|
| |||||
Total | $ | 272,034 | 99.06 | % | ||||
|
|
|
| |||||
Transamerica Developing Markets Equity | Market Value | % of Net Assets | ||||||
Transamerica Asset Allocation-Conservative Portfolio | $ | 7,393 | 1.57 | % | ||||
Transamerica Asset Allocation-Growth Portfolio | 75,426 | 15.99 | ||||||
Transamerica Asset Allocation-Moderate Portfolio | 22,569 | 4.78 | ||||||
Transamerica Asset Allocation-Moderate Growth Portfolio | 65,058 | 13.79 | ||||||
Transamerica Multi-Manager International Portfolio | 30,912 | 6.55 | ||||||
Transamerica Asset Allocation-Conservative VP | 12,333 | 2.62 | ||||||
Transamerica Asset Allocation-Growth VP | 56,583 | 11.99 | ||||||
Transamerica Asset Allocation-Moderate Growth VP | 145,809 | 30.91 | ||||||
Transamerica Asset Allocation-Moderate VP | 50,730 | 10.75 | ||||||
Transamerica International Moderate Growth VP | 298 | 0.06 | ||||||
|
|
|
| |||||
Total | $ | 467,111 | 99.01 | % | ||||
|
|
|
| |||||
Transamerica Emerging Markets | Market Value | % of Net Assets | ||||||
Transamerica Asset Allocation-Conservative Portfolio | $ | 3,761 | 1.61 | % | ||||
Transamerica Asset Allocation-Growth Portfolio | 12,019 | 5.16 | ||||||
Transamerica Asset Allocation-Moderate Portfolio | 12,734 | 5.47 | ||||||
Transamerica Asset Allocation-Moderate Growth Portfolio | 31,759 | 13.63 | ||||||
Transamerica Multi-Manager International Portfolio | 16,478 | 7.07 | ||||||
Transamerica Asset Allocation-Conservative VP | 5,876 | 2.52 | ||||||
Transamerica Asset Allocation-Growth VP | 10,356 | 4.44 | ||||||
Transamerica Asset Allocation-Moderate Growth VP | 46,382 | 19.90 | ||||||
Transamerica Asset Allocation-Moderate VP | 29,435 | 12.63 | ||||||
|
|
|
| |||||
Total | $ | 168,800 | 72.43 | % | ||||
|
|
|
| |||||
Transamerica Global Macro | Market Value | % of Net Assets | ||||||
Transamerica Asset Allocation-Conservative Portfolio | $ | 10,007 | 13.06 | % | ||||
Transamerica Asset Allocation-Moderate Portfolio | 13,686 | 17.87 | ||||||
Transamerica Multi-Manager Alternative Strategies Portfolio | 42,490 | 55.48 | ||||||
Transamerica Asset Allocation-Growth VP | 10,299 | 13.45 | ||||||
|
|
|
| |||||
Total | $ | 76,482 | 99.86 | % | ||||
|
|
|
|
Transamerica Global Real Estate Securities | Market Value | % of Net Assets | ||||||
Transamerica Asset Allocation-Conservative Portfolio | $ | 1,002 | 0.63 | % | ||||
Transamerica Asset Allocation-Growth Portfolio | 39,149 | 24.55 | ||||||
Transamerica Asset Allocation-Moderate Portfolio | 15,314 | 9.60 | ||||||
Transamerica Asset Allocation-Moderate Growth Portfolio | 54,639 | 34.26 | ||||||
Transamerica Multi-Manager Alternative Strategies Portfolio | 31,479 | 19.74 | ||||||
Transamerica Multi-Manager International Portfolio | 8,243 | 5.17 | ||||||
|
|
|
| |||||
Total | $ | 149,826 | 93.95 | % | ||||
|
|
|
| |||||
Transamerica Growth | Market Value | % of Net Assets | ||||||
Transamerica Asset Allocation-Conservative Portfolio | $ | 51,252 | 8.13 | % | ||||
Transamerica Asset Allocation-Growth Portfolio | 167,298 | 26.53 | ||||||
Transamerica Asset Allocation-Moderate Portfolio | 157,708 | 25.01 | ||||||
Transamerica Asset Allocation-Moderate Growth Portfolio | 242,668 | 38.48 | ||||||
|
|
|
| |||||
Total | $ | 618,926 | 98.15 | % | ||||
|
|
|
| |||||
Transamerica International | Market Value | % of Net Assets | ||||||
Transamerica Asset Allocation-Conservative Portfolio | $ | 7,129 | 1.70 | % | ||||
Transamerica Asset Allocation-Growth Portfolio | 37,033 | 8.84 | ||||||
Transamerica Asset Allocation-Moderate Portfolio | 27,628 | 6.60 | ||||||
Transamerica Asset Allocation-Moderate Growth Portfolio | 79,899 | 19.08 | ||||||
Transamerica Multi-Manager International Portfolio | 41,753 | 9.97 | ||||||
Transamerica Asset Allocation-Conservative VP | 8,152 | 1.95 | ||||||
Transamerica Asset Allocation-Growth VP | 23,580 | 5.63 | ||||||
Transamerica Asset Allocation-Moderate Growth VP | 87,534 | 20.90 | ||||||
Transamerica Asset Allocation-Moderate VP | 49,717 | 11.87 | ||||||
Transamerica International Moderate Growth VP | 53,463 | 12.76 | ||||||
|
|
|
| |||||
Total | $ | 415,888 | 99.30 | % | ||||
|
|
|
| |||||
Transamerica International Equity Opportunities | Market Value | % of Net Assets | ||||||
Transamerica Asset Allocation-Conservative Portfolio | $ | 5,884 | 1.72 | % | ||||
Transamerica Asset Allocation-Growth Portfolio | 9,787 | 2.86 | ||||||
Transamerica Asset Allocation-Moderate Portfolio | 19,964 | 5.84 | ||||||
Transamerica Asset Allocation-Moderate Growth Portfolio | 19,113 | 5.59 | ||||||
Transamerica Multi-Manager International Portfolio | 41,377 | 12.09 | ||||||
Transamerica Asset Allocation-Conservative VP | 10,508 | 3.07 | ||||||
Transamerica Asset Allocation-Growth VP | 14,580 | 4.26 | ||||||
Transamerica Asset Allocation-Moderate Growth VP | 63,918 | 18.68 | ||||||
Transamerica Asset Allocation-Moderate VP | 78,154 | 22.84 | ||||||
Transamerica International Moderate Growth VP | 75,464 | 22.06 | ||||||
|
|
|
| |||||
Total | $ | 338,749 | 99.01 | % | ||||
|
|
|
| |||||
Transamerica International Small Cap | Market Value | % of Net Assets | ||||||
Transamerica Asset Allocation-Conservative Portfolio | $ | 5,279 | 1.72 | % | ||||
Transamerica Asset Allocation-Growth Portfolio | 28,665 | 9.33 | ||||||
Transamerica Asset Allocation-Moderate Portfolio | 19,145 | 6.23 | ||||||
Transamerica Asset Allocation-Moderate Growth Portfolio | 35,614 | 11.60 | ||||||
Transamerica Multi-Manager International Portfolio | 19,681 | 6.41 | ||||||
Transamerica Asset Allocation-Conservative VP | 7,349 | 2.39 | ||||||
Transamerica Asset Allocation-Growth VP | 17,846 | 5.81 | ||||||
Transamerica Asset Allocation-Moderate Growth VP | 91,791 | 29.88 | ||||||
Transamerica Asset Allocation-Moderate VP | 38,441 | 12.52 | ||||||
Transamerica International Moderate Growth VP | 38,947 | 12.68 | ||||||
|
|
|
| |||||
Total | $ | 302,758 | 98.57 | % | ||||
|
|
|
| |||||
Transamerica International Value | Market Value | % of Net Assets | ||||||
Transamerica Asset Allocation-Growth Portfolio | $ | 9,690 | 6.83 | % | ||||
Transamerica Asset Allocation-Moderate Portfolio | 7,132 | 5.02 | ||||||
Transamerica Asset Allocation-Moderate Growth Portfolio | 16,325 | 11.50 | ||||||
Transamerica Multi-Manager International Portfolio | 22,239 | 15.67 | ||||||
Transamerica Asset Allocation-Conservative VP | 723 | 0.51 | ||||||
Transamerica Asset Allocation-Growth VP | 7,483 | 5.27 | ||||||
Transamerica Asset Allocation-Moderate Growth VP | 34,874 | 24.57 | ||||||
Transamerica Asset Allocation-Moderate VP | 21,979 | 15.49 | ||||||
Transamerica International Moderate Growth VP | 19,600 | 13.81 | ||||||
|
|
|
| |||||
Total | $ | 140,045 | 98.67 | % | ||||
|
|
|
|
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 183 |
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2012
(all amounts in thousands)
(unaudited)
NOTE 3. (continued)
Transamerica International Value Opportunities | Market Value | % of Net Assets | ||||||
Transamerica Asset Allocation-Conservative Portfolio | $ | 6,565 | 1.45 | % | ||||
Transamerica Asset Allocation-Growth Portfolio | 22,894 | 5.06 | ||||||
Transamerica Asset Allocation-Moderate Portfolio | 21,604 | 4.78 | ||||||
Transamerica Asset Allocation-Moderate Growth Portfolio | 45,588 | 10.08 | ||||||
Transamerica Multi-Manager International Portfolio | 40,543 | 8.96 | ||||||
Transamerica Asset Allocation-Conservative VP | 11,655 | 2.58 | ||||||
Transamerica Asset Allocation-Growth VP | 35,713 | 7.90 | ||||||
Transamerica Asset Allocation-Moderate Growth VP | 154,255 | 34.11 | ||||||
Transamerica Asset Allocation-Moderate VP | 80,815 | 17.87 | ||||||
Transamerica International Moderate Growth VP | 28,616 | 6.33 | ||||||
|
|
|
| |||||
Total | $ | 448,248 | 99.12 | % | ||||
|
|
|
| |||||
Transamerica Large Cap Value | Market Value | % of Net Assets | ||||||
Transamerica Asset Allocation-Conservative Portfolio | $ | 41,673 | 7.35 | % | ||||
Transamerica Asset Allocation-Growth Portfolio | 156,103 | 27.54 | ||||||
Transamerica Asset Allocation-Moderate Portfolio | 119,408 | 21.06 | ||||||
Transamerica Asset Allocation-Moderate Growth Portfolio | 238,573 | 42.09 | ||||||
|
|
|
| |||||
Total | $ | 555,757 | 98.04 | % | ||||
|
|
|
| |||||
Transamerica Long/Short Strategy | Market Value | % of Net Assets | ||||||
Transamerica Asset Allocation-Conservative Portfolio | $ | 10,001 | 13.22 | % | ||||
Transamerica Asset Allocation-Moderate Portfolio | 14,584 | 19.28 | ||||||
Transamerica Multi-Manager Alternative Strategies Portfolio | 44,748 | 59.15 | ||||||
Transamerica Asset Allocation-Growth VP | 6,139 | 8.11 | ||||||
Total | $ | 75,472 | 99.76 | % | ||||
Transamerica Mid Cap Value | Market Value | % of Net Assets | ||||||
Transamerica Asset Allocation-Conservative Portfolio | $ | 7,698 | 4.33 | % | ||||
Transamerica Asset Allocation-Growth Portfolio | 48,305 | 27.18 | ||||||
Transamerica Asset Allocation-Moderate Portfolio | 36,022 | 20.27 | ||||||
Transamerica Asset Allocation-Moderate Growth Portfolio | 83,036 | 46.71 | ||||||
|
|
|
| |||||
Total | $ | 175,061 | 98.49 | % | ||||
|
|
|
| |||||
Transamerica Real Return TIPS | Market Value | % of Net Assets | ||||||
Transamerica Asset Allocation-Conservative Portfolio | $ | 64,551 | 7.05 | % | ||||
Transamerica Asset Allocation-Moderate Portfolio | 77,263 | 8.44 | ||||||
Transamerica Asset Allocation-Moderate Growth Portfolio | 85,452 | 9.33 | ||||||
Transamerica Multi-Manager Alternative Strategies Portfolio | 26,259 | 2.87 | ||||||
Transamerica Asset Allocation-Conservative VP | 143,786 | 15.71 | ||||||
Transamerica Asset Allocation-Growth VP | 2 | – | ||||||
Transamerica Asset Allocation-Moderate Growth VP | 200,606 | 21.92 | ||||||
Transamerica Asset Allocation-Moderate VP | 293,249 | 32.04 | ||||||
Transamerica International Moderate Growth VP | 12,635 | 1.38 | ||||||
|
|
|
| |||||
Total | $ | 903,803 | 98.74 | % | ||||
|
|
|
| |||||
Transamerica Select Equity | Market Value | % of Net Assets | ||||||
Transamerica Asset Allocation-Conservative Portfolio | $ | 41,270 | 3.25 | % | ||||
Transamerica Asset Allocation-Growth Portfolio | 158,377 | 12.49 | ||||||
Transamerica Asset Allocation-Moderate Portfolio | 117,456 | 9.26 | ||||||
Transamerica Asset Allocation-Moderate Growth Portfolio | 233,875 | 18.44 | ||||||
Transamerica Asset Allocation-Conservative VP | 76,825 | 6.06 | ||||||
Transamerica Asset Allocation-Growth VP | 98,864 | 7.80 | ||||||
Transamerica Asset Allocation-Moderate Growth VP | 326,463 | 25.74 | ||||||
Transamerica Asset Allocation-Moderate VP | 204,736 | 16.14 | ||||||
|
|
|
| |||||
Total | $ | 1,257,866 | 99.18 | % | ||||
|
|
|
| |||||
Transamerica Small- & Mid-Cap Value Select | Market Value | % of Net Assets | ||||||
Transamerica Asset Allocation-Conservative Portfolio | $ | 4,594 | 2.51 | % | ||||
Transamerica Asset Allocation-Growth Portfolio | 31,145 | 17.00 | ||||||
Transamerica Asset Allocation-Moderate Portfolio | 19,531 | 10.66 | ||||||
Transamerica Asset Allocation-Moderate Growth Portfolio | 32,396 | 17.68 | ||||||
Transamerica Asset Allocation-Growth VP | 26,225 | 14.31 | ||||||
Transamerica Asset Allocation-Moderate Growth VP | 66,366 | 36.23 | ||||||
|
|
|
| |||||
Total | $ | 180,257 | 98.39 | % | ||||
|
|
|
|
Transamerica Small Company Growth | Market Value | % of Net Assets | ||||||
Transamerica Asset Allocation-Conservative Portfolio | $ | 8,870 | 3.81 | % | ||||
Transamerica Asset Allocation-Growth Portfolio | 28,864 | 12.40 | ||||||
Transamerica Asset Allocation-Moderate Portfolio | 16,186 | 6.95 | ||||||
Transamerica Asset Allocation-Moderate Growth Portfolio | 25,941 | 11.14 | ||||||
Transamerica Asset Allocation-Growth VP | 18,168 | 7.80 | ||||||
Transamerica Asset Allocation-Moderate Growth VP | 96,100 | 41.27 | ||||||
Transamerica Asset Allocation-Moderate VP | 35,211 | 15.12 | ||||||
|
|
|
| |||||
Total | $ | 229,340 | 98.49 | % | ||||
|
|
|
| |||||
Transamerica Total Return | Market Value | % of Net Assets | ||||||
Transamerica Asset Allocation-Conservative Portfolio | $ | 209,305 | 28.02 | % | ||||
Transamerica Asset Allocation-Moderate Portfolio | 267,678 | 35.83 | ||||||
Transamerica Asset Allocation-Moderate Growth Portfolio | 241,244 | 32.29 | ||||||
|
|
|
| |||||
Total | $ | 718,227 | 96.14 | % | ||||
|
|
|
| |||||
Transamerica Value | Market Value | % of Net Assets | ||||||
Transamerica Asset Allocation-Conservative Portfolio | $ | 19,010 | 5.93 | % | ||||
Transamerica Asset Allocation-Growth Portfolio | 47,885 | 14.94 | ||||||
Transamerica Asset Allocation-Moderate Portfolio | 38,038 | 11.86 | ||||||
Transamerica Asset Allocation-Moderate Growth Portfolio | 78,787 | 24.58 | ||||||
Transamerica Asset Allocation-Conservative VP | 8,539 | 2.66 | ||||||
Transamerica Asset Allocation-Growth VP | 15,219 | 4.75 | ||||||
Transamerica Asset Allocation-Moderate Growth VP | 75,875 | 23.67 | ||||||
Transamerica Asset Allocation-Moderate VP | 35,109 | 10.95 | ||||||
|
|
|
| |||||
Total | $ | 318,462 | 99.34 | % | ||||
|
|
|
| |||||
Transamerica Commodity Strategy | Market Value | % of Net Assets | ||||||
Transamerica Asset Allocation-Conservative Portfolio | $ | 12,062 | 7.09 | % | ||||
Transamerica Asset Allocation-Growth Portfolio | 21,632 | 12.72 | ||||||
Transamerica Asset Allocation-Moderate Portfolio | 31,236 | 18.36 | ||||||
Transamerica Asset Allocation-Moderate Growth Portfolio | 55,265 | 32.49 | ||||||
Transamerica Multi-Manager Alternative Strategies Portfolio | 36,614 | 21.53 | ||||||
Transamerica Asset Allocation-Growth VP | 12,444 | 7.32 | ||||||
|
|
|
| |||||
Total | $ | 169,253 | 99.51 | % | ||||
|
|
|
| |||||
Transamerica Global Allocation | Market Value | % of Net Assets | ||||||
Transamerica Asset Allocation-Conservative Portfolio | $ | 21,806 | 4.88 | % | ||||
Transamerica Asset Allocation-Growth Portfolio | 11,891 | 2.66 | ||||||
Transamerica Asset Allocation-Moderate Portfolio | 44,077 | 9.86 | ||||||
Transamerica Asset Allocation-Moderate Growth Portfolio | 71,405 | 15.97 | ||||||
Transamerica Multi-Manager Alternative Strategies Portfolio | 50,567 | 11.31 | ||||||
Transamerica Multi-Manager International Portfolio | 15,319 | 3.43 | ||||||
Transamerica Asset Allocation-Conservative VP | 9,748 | 2.18 | ||||||
Transamerica Asset Allocation-Growth VP | 12,994 | 2.91 | ||||||
Transamerica Asset Allocation-Moderate Growth VP | 115,596 | 25.86 | ||||||
Transamerica Asset Allocation-Moderate VP | 49,720 | 11.12 | ||||||
|
|
|
| |||||
Total | $ | 403,123 | 90.18 | % | ||||
|
|
|
| |||||
Transamerica Managed Futures Strategy | Market Value | % of Net Assets | ||||||
Transamerica Asset Allocation-Conservative Portfolio | $ | 22,923 | 9.31 | % | ||||
Transamerica Asset Allocation-Growth Portfolio | 21,902 | 8.89 | ||||||
Transamerica Asset Allocation-Moderate Portfolio | 42,767 | 17.37 | ||||||
Transamerica Asset Allocation-Moderate Growth Portfolio | 89,255 | 36.24 | ||||||
Transamerica Multi-Manager Alternative Strategies Portfolio | 51,640 | 20.97 | ||||||
Transamerica Asset Allocation-Growth VP | 17,415 | 7.07 | ||||||
|
|
|
| |||||
Total | $ | 245,902 | 99.85 | % | ||||
|
|
|
|
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 184 |
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2012
(all amounts in thousands)
(unaudited)
NOTE 3. (continued)
Investment advisory fees: The Funds pay management fees to TAM based on average daily net assets (“ANA”) at the following breakpoints:
Transamerica Arbitrage Strategy | ||||
First $50 million | 1.05 | % | ||
Over $50 million | 1.00 | % | ||
Transamerica Bond | ||||
First $200 million | 0.675 | % | ||
Over $200 million up to $750 million | 0.625 | % | ||
Over $750 million | 0.575 | % | ||
Transamerica Core Bond | ||||
First $750 million | 0.45 | % | ||
Over $750 million up to $1 billion | 0.40 | % | ||
Over $1 billion | 0.375 | % | ||
Transamerica Developing Markets Debt | ||||
First $250 million | 0.95 | % | ||
Over $250 million up to $500 million | 0.85 | % | ||
Over $500 million | 0.80 | % | ||
Transamerica Developing Markets Equity | ||||
First $50 million | 1.20 | % | ||
Over $50 million up to $200 million | 1.15 | % | ||
Over $200 million up to $500 million | 1.10 | % | ||
Over $500 million | 1.05 | % | ||
Transamerica Emerging Markets | ||||
First $300 million | 1.15 | % | ||
Over $300 million | 1.10 | % | ||
Transamerica Global Macro | ||||
First $300 million | 1.25 | % | ||
Over $300 million | 1.20 | % | ||
Transamerica Global Real Estate Securities | ||||
First $250 million | 0.80 | % | ||
Over $250 million up to $500 million | 0.775 | % | ||
Over $500 million up to $1 billion | 0.70 | % | ||
Over $1 billion | 0.65 | % | ||
Transamerica Growth | ||||
First $250 million | 0.80 | % | ||
Over $250 million up to $500 million | 0.775 | % | ||
Over $500 million up to $1 billion | 0.70 | % | ||
Over $1 billion up to $1.5 billion | 0.675 | % | ||
Over $1.5 billion | 0.65 | % | ||
Transamerica International | ||||
First $100 million | 1.00 | % | ||
Over $100 million | 0.95 | % | ||
Transamerica International Equity Opportunities | ||||
First $250 million | 0.90 | % | ||
Over $250 million up to $500 million | 0.875 | % | ||
Over $500 million up to $1 billion | 0.85 | % | ||
Over $1 billion | 0.80 | % | ||
Transamerica International Small Cap | ||||
First $300 million | 1.07 | % | ||
Over $300 million | 1.00 | % | ||
Transamerica International Value | ||||
First $200 million | 0.88 | % | ||
Over $200 million up to $500 million | 0.81 | % | ||
Over $500 million | 0.77 | % | ||
Transamerica International Value Opportunities | ||||
First $100 million | 1.10 | % | ||
Over $100 million up to $300 million | 1.00 | % | ||
Over $300 million | 0.95 | % | ||
Transamerica Large Cap Value | ||||
First $250 million | 0.80 | % | ||
Over $250 million up to $750 million | 0.775 | % | ||
Over $750 million up to $1 billion | 0.75 | % | ||
Over $1 billion up to $2 billion | 0.65 | % | ||
Over $2 billion | 0.625 | % |
Transamerica Long/Short Strategy | ||||
ANA | 1.30 | % | ||
Transamerica Mid Cap Value | ||||
First $100 million | 0.85 | % | ||
Over $100 million | 0.80 | % | ||
Transamerica Real Return TIPS | ||||
First $250 million | 0.70 | % | ||
Over $250 million up to $750 million | 0.65 | % | ||
Over $750 million up to $1 billion | 0.60 | % | ||
Over $1 billion | 0.55 | % | ||
Transamerica Select Equity | ||||
First $200 million | 0.80 | % | ||
Over $200 million up to $500 million | 0.74 | % | ||
Over $500 million up to $1 billion | 0.69 | % | ||
Over $1 billion up to $1.5 billion | 0.67 | % | ||
Over $1.5 billion | 0.62 | % | ||
Transamerica Small- & Mid-Cap Value Select | ||||
First $100 million | 0.95 | % | ||
Over $100 million up to $250 million | 0.90 | % | ||
Over $250 million up to $500 million | 0.85 | % | ||
Over $500 million | 0.825 | % | ||
Transamerica Small Company Growth | ||||
First $500 million | 0.95 | % | ||
Over $500 million | 0.85 | % | ||
Transamerica Total Return | ||||
First $250 million | 0.675 | % | ||
Over $250 million up to $750 million | 0.65 | % | ||
Over $750 million | 0.60 | % | ||
Transamerica Value | ||||
ANA | 0.80 | % | ||
Transamerica Commodity Strategy | ||||
First $200 million | 0.61 | % | ||
Over $200 million up to $1 billion | 0.59 | % | ||
Over $1 billion | 0.56 | % | ||
Transamerica Global Allocation | ||||
First $100 million | 0.80 | % | ||
Over $100 million | 0.72 | % | ||
Transamerica Managed Futures Strategy | ||||
First $500 million | 1.10 | % | ||
Over $500 million | 1.05 | % |
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 185 |
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2012
(all amounts in thousands)
(unaudited)
NOTE 3. (continued)
TAM has contractually agreed to waive fees and/or reimburse expenses of each Fund to the extent that total operating expenses excluding, as applicable, 12b-1 fees, acquired fund fees and expenses, interest, taxes, brokerage commissions, dividend and interest expenses on securities sold short, extraordinary expenses and other expenses not incurred in the ordinary course of the fund’s business, exceed the following stated annual limit:
Fund | Expense Limit | |||
Transamerica Arbitrage Strategy | 1.25 | % | ||
Transamerica Bond | 0.88 | |||
Transamerica Core Bond | 0.70 | |||
Transamerica Developing Markets Debt | 1.15 | |||
Transamerica Developing Markets Equity | 1.45 | |||
Transamerica Emerging Markets | 1.40 | |||
Transamerica Global Macro | 1.65 | |||
Transamerica International | 1.25 | |||
Transamerica International Small Cap | 1.27 | |||
Transamerica International Value | 1.13 | |||
Transamerica International Value Opportunities | 1.35 |
Fund | Expense Limit | |||
Transamerica Large Cap Value | 1.00 | % | ||
Transamerica Long/Short Strategy | 1.65 | |||
Transamerica Mid Cap Value | 1.05 | |||
Transamerica Select Equity | 0.90 | |||
Transamerica Small- & Mid-Cap Value Select | 1.15 | |||
Transamerica Small Company Growth | 1.15 | |||
Transamerica Value | 1.00 | |||
Transamerica Commodity Strategy | 1.00 | |||
Transamerica Global Allocation | 1.00 | |||
Transamerica Managed Futures Strategy | 1.45 |
Funds not listed in the above table did not have an expense limit.
TAM is entitled to reimbursement by the Fund of fees waived and/or expenses reimbursed during any of the previous 36 months if on any day or month the estimated annualized fund operating expenses are less than the stated annual limit.
There were no amounts recaptured by the adviser during the period ended April 30, 2012.
The following amount was available for recapture as of April 30, 2012:
Transamerica Arbitrage Strategy | Reimbursement of Fund Expenses | Available for Recapture Through | ||
Fiscal Year 2011: | $61 | 10/31/2013 |
Administrative services: The Funds have entered into an agreement with TFS for financial and legal fund administration services. Effective March 1, 2012, the Funds pay TFS an annual fee of 0.025% of ANA. Prior to March 1, 2012, the Funds paid TFS an annual fee of 0.02% of ANA. The Legal fees on the Statements of Operations are fees paid to external legal counsel.
Transfer agent fees: Pursuant to a Transfer Agency Agreement, as amended, the Funds pay TFS a fee for providing transfer agency services. Fees paid and the amounts due to TFS for the period ended April 30, 2012 are as follows:
Fund | Fees Paid to TFS | Due to TFS | ||||||
Transamerica Arbitrage Strategy | $ | 6 | $ | 1 | ||||
Transamerica Bond | 18 | 3 | ||||||
Transamerica Core Bond | 80 | 13 | ||||||
Transamerica Developing Markets Debt | 11 | 2 | ||||||
Transamerica Developing Markets Equity | 19 | 3 | ||||||
Transamerica Emerging Markets | 10 | 2 | ||||||
Transamerica Global Macro | 5 | 1 | ||||||
Transamerica Global Real Estate Securities | 6 | 1 | ||||||
Transamerica Growth | 23 | 1 | ||||||
Transamerica International | 13 | 3 | ||||||
Transamerica International Equity Opportunities | 13 | 1 | ||||||
Transamerica International Small Cap | 11 | 2 | ||||||
Transamerica International Value | 6 | 1 | ||||||
Transamerica International Value Opportunities | 16 | 3 | ||||||
Transamerica Large Cap Value | 21 | 4 | ||||||
Transamerica Long/Short Strategy | 4 | — | * | |||||
Transamerica Mid Cap Value | 6 | 1 | ||||||
Transamerica Real Return TIPS | 37 | 6 | ||||||
Transamerica Select Equity | 43 | 8 | ||||||
Transamerica Small- & Mid Cap Value Select | 10 | 2 | ||||||
Transamerica Small Company Growth | 8 | 1 | ||||||
Transamerica Total Return | 24 | 4 | ||||||
Transamerica Value | 11 | 2 | ||||||
Transamerica Commodity Strategy | 6 | 1 | ||||||
Transamerica Global Allocation | 16 | 3 | ||||||
Transamerica Managed Futures Strategy | 8 | 2 |
* | Amount is less than 1. |
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 186 |
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2012
(all amounts in thousands)
(unaudited)
NOTE 3. (continued)
Deferred compensation plan: Under a non-qualified deferred compensation plan effective January 1, 1996, as amended and restated (the “Deferred Compensation Plan”), available to the Trustees, compensation may be deferred that would otherwise be payable by the Trust to an Independent Trustee on a current basis for services rendered as Trustee. Deferred compensation amounts will accumulate based on the value of Class A (or comparable) shares of a series of Transamerica Funds (without imposition of a sales charge), or investment options under Transamerica Partners Institutional Funds and Transamerica Institutional Asset Allocation Funds, as elected by the Trustee.
Brokerage commissions: There were no brokerage commissions incurred on security transactions placed with affiliates of the adviser or sub-advisers for the period ended April 30, 2012.
NOTE 4. INVESTMENT TRANSACTIONS
The cost of securities purchased and proceeds from securities sold (excluding short-term securities) for the period ended April 30, 2012 were as follows:
Purchases of securities: | Proceeds from maturities and sales of securities: | |||||||||||||||
Fund | Long-term | U.S. Government | Long-term | U.S. Government | ||||||||||||
Transamerica Arbitrage Strategy | $ | 476,461 | $ | — | $ | 488,935 | $ | — | ||||||||
Transamerica Bond | 101,518 | 37 | 68,693 | 4,892 | ||||||||||||
Transamerica Core Bond | 184,771 | 94,733 | 122,458 | 184,664 | ||||||||||||
Transamerica Developing Markets Debt | 57,766 | — | 98,501 | 6,741 | ||||||||||||
Transamerica Developing Markets Equity | 77,158 | — | 157,591 | — | ||||||||||||
Transamerica Emerging Markets | 161,922 | — | 287,036 | — | ||||||||||||
Transamerica Global Macro | — | — | — | — | ||||||||||||
Transamerica Global Real Estate Securities | 41,405 | — | 42,175 | — | ||||||||||||
Transamerica Growth | 145,269 | — | 212,544 | — | ||||||||||||
Transamerica International | 115,706 | — | 78,981 | — | ||||||||||||
Transamerica International Equity Opportunities | 24,061 | — | 51,972 | — | ||||||||||||
Transamerica International Small Cap | 33,163 | — | 83,095 | — | ||||||||||||
Transamerica International Value | 18,678 | — | 35,084 | — | ||||||||||||
Transamerica International Value Opportunities | 41,033 | — | 59,794 | — | ||||||||||||
Transamerica Large Cap Value | 258,374 | — | 295,563 | — | ||||||||||||
Transamerica Long/Short Strategy | 159,543 | — | 114,427 | — | ||||||||||||
Transamerica Mid Cap Value | 33,814 | — | 35,886 | — | ||||||||||||
Transamerica Real Return TIPS | 7,331 | 1,011,732 | 94,030 | 1,162,656 | ||||||||||||
Transamerica Select Equity | 509,866 | — | 323,838 | — | ||||||||||||
Transamerica Small- & Mid-Cap Value Select | 109,223 | — | 198,845 | — | ||||||||||||
Transamerica Small Company Growth | 59,342 | — | 17,335 | — | ||||||||||||
Transamerica Total Return | 335,088 | 205,801 | 295,262 | 143,525 | ||||||||||||
Transamerica Value | 22,458 | — | 41,556 | — | ||||||||||||
Transamerica Commodity Strategy | — | — | — | — | ||||||||||||
Transamerica Global Allocation | 48,851 | 5,580 | 69,313 | 7,528 | ||||||||||||
Transamerica Managed Futures Strategy | — | — | — | — |
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 187 |
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2012
(all amounts in thousands)
(unaudited)
NOTE 5. DERIVATIVE FINANCIAL INSTRUMENTS
Transamerica Arbitrage Strategy:
The Fund is subject to various risks in the normal course of pursuing its investment objective. The volume of purchased options/swaptions contracts held at period end is indicative of the volume held throughout the period. The volume of swap contracts increased throughout the period from zero to 14 contracts. The volume of forward foreign currency contracts and written options/swaptions contracts held throughout the period averaged 146 and 65 contracts, respectively, with overall increases from 129 and 48 contracts, respectively, to 147 and 67 contracts, respectively. The tables below highlight the types of risks and the derivative instruments used to mitigate the risks:
Fair Values of Derivative Instruments on the Statement of Assets and Liabilities as of April 30, 2012:
Derivatives not accounted for as hedging instruments
XXX,XX | XXX,XX | XXX,XX | ||||||||||
Location | Foreign exchange contracts | Equity contracts | Total | |||||||||
Asset derivatives | ||||||||||||
Investment Securities, at value | $ | — | $ | 974 | $ | 974 | ||||||
Premium paid on swap agreements | — | 3 | 3 | |||||||||
Unrealized appreciation on swap agreements | — | 168 | 168 | |||||||||
Unrealized appreciation on forward foreign currency contracts | 289 | — | 289 | |||||||||
Liability derivatives | ||||||||||||
Written options and swaptions, at value | — | (289 | ) | (289 | ) | |||||||
Premium received on swap agreements | — | (1 | ) | (1 | ) | |||||||
Unrealized depreciation on swap agreements | — | (271 | ) | (271 | ) | |||||||
Unrealized depreciation on forward foreign currency contracts | (445 | ) | — | (445 | ) | |||||||
|
|
|
|
|
| |||||||
Total | $ | (156 | ) | $ | 584 | $ | 428 | |||||
|
|
|
|
|
|
Effect of Derivative Instruments on the Statement of Operations for the period ended April 30, 2012:
Derivatives not accounted for as hedging instruments
XXX,XX | XXX,XX | XXX,XX | ||||||||||
Location | Foreign exchange contracts | Equity contracts | Total | |||||||||
Realized Gain / (Loss) on derivatives recognized in income | ||||||||||||
Net realized loss on purchased options and swaptions | $ | — | $ | (609 | ) | $ | (609 | ) | ||||
Net realized gain on written options and swaptions | — | 963 | 963 | |||||||||
Net realized gain (loss) on swap agreements | — | (293 | ) | (293 | ) | |||||||
Net realized loss on foreign currency transactions | (888 | ) | — | (888 | ) | |||||||
Net change in Unrealized Appreciation / (Depreciation) on derivatives recognized in income | ||||||||||||
Net change in unrealized appreciation (depreciation) on purchased options and swaptions | — | (104 | ) | (104 | ) | |||||||
Net change in unrealized appreciation (depreciation) on written options and swaptions | — | 143 | 143 | |||||||||
Net change in unrealized appreciation (depreciation) on swap agreements | — | (103 | ) | (103 | ) | |||||||
Net change in unrealized appreciation (depreciation) on translation of assets and liabilities denominated in foreign currencies | 679 | — | 679 | |||||||||
|
|
|
|
|
| |||||||
Total | $ | (209 | ) | $ | (3 | ) | $ | (212 | ) | |||
|
|
|
|
|
|
For non-exchange traded derivatives (swaps and forward foreign currency contracts), under standard derivatives agreements, the Fund may be required to post collateral on derivatives if the Fund is in a net liability position with the counterparty exceeding certain amounts. Additionally, counterparties may immediately terminate derivatives contracts if the Fund fails to maintain sufficient asset coverage for its contracts or its net assets decline by stated percentages.
Transamerica Developing Markets Debt:
The Fund is subject to various risks in the normal course of pursuing its investment objective. The volume of futures contracts held throughout the period remained unchanged at one contract. The table below highlights the types of risks and the derivative instruments used to mitigate the risks:
Fair Values of Derivative Instruments on the Statement of Assets and Liabilities as of April 30, 2012:
Derivatives not accounted for as hedging instruments
Location | Interest rates contracts | |||
Liability derivatives | ||||
Unrealized depreciation on futures contracts | $ | (24 | )* |
* | Includes cumulative appreciation/depreciation of futures contracts as reported in the Schedule of Investments. Only current day’s variation margin is reported within the Statement of Assets and Liabilities. |
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 188 |
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2012
(all amounts in thousands)
(unaudited)
NOTE 5. (continued)
Transamerica Developing Markets Debt (continued):
Effect of Derivative Instruments on the Statement of Operations for the period ended April 30, 2012:
Derivatives not accounted for as hedging instruments
Location | Interest rates contracts | |||
Realized Gain / (Loss) on derivatives recognized in income | ||||
Net realized gain on futures contracts | $ | 488 | ||
Net Change in Unrealized Appreciation / (Depreciation) on derivatives recognized in income | ||||
Net change in unrealized appreciation (depreciation) on futures contracts | (61 | ) | ||
|
| |||
Total | $ | 427 | ||
|
|
For non-exchange traded derivatives (swaps and forward foreign currency contracts), under standard derivatives agreements, the Fund may be required to post collateral on derivatives if the Fund is in a net liability position with the counterparty exceeding certain amounts. Additionally, counterparties may immediately terminate derivatives contracts if the Fund fails to maintain sufficient asset coverage for its contracts or its net assets decline by stated percentages.
Transamerica Emerging Markets:
The Fund is subject to various risks in the normal course of pursuing its investment objective. The volume of forward foreign currency contracts decreased during the last three months of the period beginning at 2 contracts and ending at zero. The tables below highlight the types of risks and the derivative instruments used to mitigate the risks:
Effect of Derivative Instruments on the Statement of Operations for the period ended April 30, 2012:
Derivatives not accounted for as hedging instruments
Location | Foreign exchange contracts | |||
Realized Gain / (Loss) on derivatives recognized in income | ||||
Net realized gain on foreign currency transactions | $ | 471 | ||
Net Change in Unrealized Appreciation / (Depreciation) on derivatives recognized in income | ||||
Net change in unrealized appreciation (depreciation) on translation of assets and liabilities denominated in foreign currencies | (457 | ) | ||
|
| |||
Total | $ | 14 | ||
|
|
For non-exchange traded derivatives (swaps and forward foreign currency contracts), under standard derivatives agreements, the Fund may be required to post collateral on derivatives if the Fund is in a net liability position with the counterparty exceeding certain amounts. Additionally, counterparties may immediately terminate derivatives contracts if the Fund fails to maintain sufficient asset coverage for its contracts or its net assets decline by stated percentages.
Transamerica Global Macro:
The Fund is subject to various risks in the normal course of pursuing its investment objective. The volume of futures contracts held at the end of the period is indicative of the volume held throughout the period. The volume of forward foreign currency contracts and purchased options held averaged 94 and 10 contracts, respectively, beginning at 114 and 14 and ending at 92 and 11, respectively. The volume of written options held throughout the period increased, beginning at 8 contracts, and ending at 18 contracts. The tables below highlight the types of risks and the derivative instruments used to mitigate the risks:
Fair Values of Derivative Instruments on the Statement of Assets and Liabilities as of April 30, 2012:
Derivatives not accounted for as hedging instruments
XX,XXX | XX,XXX | XX,XXX | XX,XXX | |||||||||||||
Location | Interest rates contracts | Foreign exchange contracts | Equity contracts | Total | ||||||||||||
Asset derivatives | ||||||||||||||||
Investment securities, at value | $ | — | $ | — | $ | 237 | $ | 237 | ||||||||
Unrealized appreciation on futures contracts | 457 | — | 69 | 526 | * | |||||||||||
Unrealized appreciation on forward foreign currency contracts | — | 1,846 | — | 1,846 | ||||||||||||
Liability derivatives | ||||||||||||||||
Unrealized depreciation on futures contracts | (701 | ) | — | (221 | ) | (922 | )* | |||||||||
Written options, at value | — | — | (235 | ) | (235 | ) | ||||||||||
Unrealized depreciation on forward foreign currency contracts | — | (1,240 | ) | — | (1,240 | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Total | $ | (244 | ) | $ | 606 | $ | (150 | ) | $ | 212 | ||||||
|
|
|
|
|
|
|
|
* | Includes cumulative appreciation/depreciation of futures contracts as reported in the Schedule of Investments. Only current day’s variation margin is reported within the Statement of Assets and Liabilities. |
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 189 |
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2012
(all amounts in thousands)
(unaudited)
NOTE 5. (continued)
Transamerica Global Macro (continued):
Effect of Derivative Instruments on the Statement of Operations for the period ended April, 30 2012:
Derivatives not accounted for as hedging instruments
Location | Interest rates contracts | Foreign exchange contracts | Equity contracts | Total | ||||||||||||
Realized Gain / (Loss) on derivatives recognized in income | ||||||||||||||||
Net realized loss on investment securities | $ | — | $ | — | $ | (4,203 | ) | $ | (4,203 | ) | ||||||
Net realized gain on futures contracts | 282 | — | 2,344 | 2,626 | ||||||||||||
Net realized gain on written option contracts | — | — | 1,003 | 1,003 | ||||||||||||
Net realized gain on foreign currency transactions | — | 2,341 | — | 2,341 | ||||||||||||
Net change in Unrealized Appreciation / (Depreciation) on derivatives recognized in income | ||||||||||||||||
Net change in unrealized (depreciation) on investment securities | — | — | 303 | 303 | ||||||||||||
Net change in unrealized appreciation (depreciation) on futures contracts | (1,689 | ) | — | (318 | ) | (2,007 | ) | |||||||||
Net change in unrealized appreciation (depreciation) on written option contracts | — | — | 252 | 252 | ||||||||||||
Net change in unrealized appreciation (depreciation) on translation of assets and liabilities denominated in foreign currencies | — | (687 | ) | — | (687 | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Total | $ | (1,407 | ) | $ | 1,654 | $ | (619 | ) | $ | (372 | ) | |||||
|
|
|
|
|
|
|
|
For non-exchange traded derivatives (swaps and forward foreign currency contracts), under standard derivatives agreements, the Fund may be required to post collateral on derivatives if the Fund is in a net liability position with the counterparty exceeding certain amounts. Additionally, counterparties may immediately terminate derivatives contracts if the Fund fails to maintain sufficient asset coverage for its contracts or its net assets decline by stated percentages.
Transamerica International Value Opportunities:
The Fund is subject to various risks in the normal course of pursuing its investment objective. The volume of forward foreign currency contracts held decreased during the period, starting at 3 contracts and ending at 1 contract. The tables below highlight the types of risks and the derivative instruments used to mitigate the risks:
Fair Values of Derivative Instruments on the Statement of Assets and Liabilities as of April 30, 2012:
Derivatives not accounted for as hedging instruments
Location | Foreign exchange contracts | |||
Asset derivatives | ||||
Unrealized appreciation on forward foreign currency contracts | $ | 873 |
Effect of Derivative Instruments on the Statement of Operations for the period ended April 30, 2012:
Derivatives not accounted for as hedging instruments
Location | Foreign exchange contracts | |||
Realized Gain / (Loss) on derivatives recognized in income | ||||
Net realized gain on foreign currency transactions | $ | 1,647 | ||
Net Change in Unrealized Appreciation / (Depreciation) on derivatives recognized in income | ||||
Net change in unrealized appreciation (depreciation) on translation of assets and liabilities denominated in foreign currencies | (333 | ) | ||
|
| |||
Total | $ | (1,314 | ) | |
|
|
For non-exchange traded derivatives (swaps and forward foreign currency contracts), under standard derivatives agreements, the Fund may be required to post collateral on derivatives if the Fund is in a net liability position with the counterparty exceeding certain amounts. Additionally, counterparties may immediately terminate derivatives contracts if the Fund fails to maintain sufficient asset coverage for its contracts or its net assets decline by stated percentages.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 190 |
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2012
(all amounts in thousands)
(unaudited)
NOTE 5. (continued)
Transamerica Real Return TIPS:
The Fund is subject to various risks in the normal course of pursuing its investment objective. The volume of forward foreign currency contracts held throughout the period averaged 66, beginning and ending the period with 61 and 40 contracts, respectively. The volume of written swaptions contracts, futures and swap contracts decreased throughout the period, beginning the period with 22, 8, and 48, respectively and ending the period at 20, 4, and 30, respectively. The volume of purchased options/swaptions held at the beginning of the period decreased from 3 contracts to 1 contract. The tables below highlight the types of risks and the derivative instruments used to mitigate the risks:
Fair Values of Derivative Instruments on the Statement of Assets and Liabilities as of April 30, 2012:
Derivatives not accounted for as hedging instruments
Location | Interest Rate contracts | Foreign exchange contracts | Credit contracts | Total | ||||||||||||
Asset derivatives | ||||||||||||||||
Investment Securities, at value | $ | 248 | $ | — | $ | — | $ | 248 | ||||||||
Premium paid on swap agreements | 508 | — | 1,325 | 1,833 | ||||||||||||
Unrealized appreciation on swap agreements | 1,109 | — | 193 | 1,302 | ||||||||||||
Unrealized appreciation on futures contracts | 616 | — | — | 616 | * | |||||||||||
Unrealized appreciation on forward foreign currency contracts | — | 296 | — | 296 | ||||||||||||
Liability derivatives | ||||||||||||||||
Written options and swaptions, at value | (1,621 | ) | — | — | (1,621 | ) | ||||||||||
Premium received on swap agreements | (u | ) | — | (119 | ) | (119 | ) | |||||||||
Unrealized depreciation on swap agreements | (5 | ) | — | (478 | ) | (483 | ) | |||||||||
Unrealized depreciation on futures contracts | (351 | ) | — | — | (351 | )* | ||||||||||
Unrealized depreciation on forward foreign currency contracts | — | (2,117 | ) | — | (2,117 | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Total | $ | 504 | $ | (1,821 | ) | $ | 921 | $ | (396 | ) | ||||||
|
|
|
|
|
|
|
|
* | Includes cumulative appreciation/depreciation of futures contracts as reported in the Schedule of Investments. Only current day’s variation margin is reported within the Statement of Assets and Liabilities. |
Effect of Derivative Instruments on the Statement of Operations for the period ended April 30, 2012:
Derivatives not accounted for as hedging instruments
Location | Interest Rate Contracts | Foreign exchange contracts | Credit Contracts | Total | ||||||||||||
Realized Gain / (Loss) on derivatives recognized in income | ||||||||||||||||
Net realized loss on investment securities | $ | (77 | ) | $ | — | $ | — | $ | (77 | ) | ||||||
Net realized gain on written options and swaptions | 1,743 | — | — | 1,743 | ||||||||||||
Net realized gain on swap agreements | 1,022 | — | 311 | 1,333 | ||||||||||||
Net realized gain on futures contracts | 1,397 | — | — | 1,397 | ||||||||||||
Net realized loss on foreign currency transactions | — | (449 | ) | — | (449 | ) | ||||||||||
Net change in Unrealized Appreciation / (Depreciation) on derivatives recognized in income | ||||||||||||||||
Net change in unrealized appreciation (depreciation) on investment securities | (156 | ) | — | — | (156 | ) | ||||||||||
Net change in unrealized appreciation (depreciation) on written options and swaptions | (1,042 | ) | — | — | (1,042 | ) | ||||||||||
Net change in unrealized appreciation (depreciation) on swap agreements | 53 | — | (38 | ) | 15 | |||||||||||
Net change in unrealized appreciation (depreciation) on futures contracts | (981 | ) | — | — | (981 | ) | ||||||||||
Net change in unrealized appreciation (depreciation) on translation of assets and liabilities denominated in foreign currencies | — | 3,022 | — | 3,022 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total | $ | 1,959 | $ | 2,573 | $ | 273 | $ | 4,805 | ||||||||
|
|
|
|
|
|
|
|
For non-exchange traded derivatives (swaps and forward foreign currency contracts), under standard derivatives agreements, the Fund may be required to post collateral on derivatives if the Fund is in a net liability position with the counterparty exceeding certain amounts. Additionally, counterparties may immediately terminate derivatives contracts if the Fund fails to maintain sufficient asset coverage for its contracts or its net assets decline by stated percentages.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 191 |
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2012
(all amounts in thousands)
(unaudited)
NOTE 5. (continued)
Transamerica Total Return:
The Fund is subject to various risks in the normal course of pursuing its investment objective. The volume of swap contracts held at the end of the period is indicative of the volume held throughout the period. The volume of written option/swaption contracts, forward foreign currency contracts, and futures contracts held throughout the period decreased, starting at 16, 73, 4 contracts, respectively, and ending at 2, 34, and 2 contracts, respectively. The tables below highlight the types of risks and the derivative instruments used to mitigate the risks:
Fair Values of Derivative Instruments on the Statement of Assets and Liabilities as of April 30, 2012:
Derivatives not accounted for as hedging instruments
Location | Interest rate contracts | Foreign exchange contracts | Credit contracts | Total | ||||||||||||
Asset derivatives | ||||||||||||||||
Premium paid on swap agreements | $ | 578 | $ | — | $ | 1,591 | $ | 2,169 | ||||||||
Unrealized appreciation on swap agreements | 3,550 | — | 77 | 3,627 | ||||||||||||
Unrealized appreciation on futures contracts | 130 | — | — | 130 | * | |||||||||||
Unrealized appreciation on forward foreign currency contracts | — | 522 | — | 522 | ||||||||||||
Liability derivatives | ||||||||||||||||
Written options and swaptions, at value | (705 | ) | — | — | (705 | ) | ||||||||||
Premium received on swap agreements | (456 | ) | — | (47 | ) | (503 | ) | |||||||||
Unrealized depreciation on swap agreements | (427 | ) | — | (2,313 | ) | (2,740 | ) | |||||||||
Unrealized depreciation on futures contracts | (22 | ) | — | — | (22 | )* | ||||||||||
Unrealized depreciation on forward foreign currency contracts | — | (1,603 | ) | — | (1,603 | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Total | $ | 2,648 | $ | (1,081 | ) | $ | (692 | ) | $ | 875 | ||||||
|
|
|
|
|
|
|
|
* | Includes cumulative appreciation/depreciation of futures contracts as reported in the Schedule of Investments. Only current day’s variation margin is reported within the Statement of Assets and Liabilities |
Effect of Derivative Instruments on the Statement of Operations for the period ended April 30, 2012:
Derivatives not accounted for as hedging instruments
Location | Interest rate contracts | Foreign exchange contracts | Credit Contracts | Total | ||||||||||||
Realized Gain / (Loss) on derivatives recognized in income | ||||||||||||||||
Net realized gain on written options and swaptions | $ | 451 | $ | — | $ | — | $ | 451 | ||||||||
Net realized gain (loss) on swap agreements | (419 | ) | 1,363 | 944 | ||||||||||||
Net realized gain on futures contracts | 276 | — | — | 276 | ||||||||||||
Net realized loss on foreign currency transactions | — | (4,673 | ) | — | (4,673 | ) | ||||||||||
Net Change in Unrealized Appreciation / (Depreciation) on derivatives recognized in income | ||||||||||||||||
Net change in unrealized (depreciation) on written options and swaptions | (29 | ) | — | — | (29 | ) | ||||||||||
Net change in unrealized appreciation (depreciation) on swap agreements | 2,168 | — | (2,061 | ) | 107 | |||||||||||
Net change in unrealized appreciation (depreciation) on futures contracts | 209 | — | — | 209 | ||||||||||||
Net change in unrealized appreciation (depreciation) on translation of assets and liabilities denominated in foreign currencies | — | 2,816 | — | 2,816 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total | $ | 2,656 | $ | (1,857 | ) | $ | (698 | ) | $ | 101 | ||||||
|
|
|
|
|
|
|
|
For non-exchange traded derivatives (swaps and forward foreign currency contracts), under standard derivatives agreements, the Fund may be required to post collateral on derivatives if the Fund is in a net liability position with the counterparty exceeding certain amounts. Additionally, counterparties may immediately terminate derivatives contracts if the Fund fails to maintain sufficient asset coverage for its contracts or its net assets decline by stated percentages.
Transamerica Commodity Strategy:
The Fund is subject to various risks in the normal course of pursuing its investment objective. The volume of swap contracts held throughout the period increased from 2 to 5 contracts. The table below highlights the types of risks and the derivative instruments used to mitigate the risks:
Fair Values of Derivative Instruments on the Statement of Assets and Liabilities as of April 30, 2012:
Derivatives not accounted for as hedging instruments
Location | Commodity Contracts | |||
Asset derivatives | ||||
Premium paid on swap agreements | $ | — | ||
Unrealized appreciation on swap agreements | u | |||
Liability derivatives Premium received on swap agreements | $ | — | ||
Unrealized (depreciation) on swap agreements | (u | ) | ||
|
| |||
Total | $ | — | ||
|
|
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 192 |
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2012
(all amounts in thousands)
(unaudited)
NOTE 5. (continued)
Transamerica Commodity Strategy (continued):
Effect of Derivative Instruments on the Statement of Operations for the period ended April 30, 2012:
Derivatives not accounted for as hedging instruments
Location | Commodity contracts | |||
Realized Gain/(Loss) on derivatives recognized in income | ||||
Net realized loss on swap agreements | $ | (10,615 | ) |
For non-exchange traded derivatives (swaps and forward foreign currency contracts), under standard derivatives agreements, the Fund may be required to post collateral on derivatives if the Fund is in a net liability position with the counterparty exceeding certain amounts. Additionally, counterparties may immediately terminate derivatives contracts if the Fund fails to maintain sufficient asset coverage for its contracts or its net assets decline by stated percentages.
Transamerica Global Allocation:
The Fund is subject to various risks in the normal course of pursuing its investment objective. The volume of written options increased throughout the period, beginning at 41 contracts and ending at 73 contracts. The volume of swap contracts held throughout the period averaged 7, beginning and ending the period with five contracts. The volume of forward foreign currency contracts and purchased options held throughout the period averaged 49 and 42 contracts, respectively, with increases from 44 and 38 contracts at the beginning of the period to 48 and 52 contracts at the end of the period, respectively. The volume of futures contracts averaged 3 contracts throughout the period, decreased from 4 contracts at the beginning of the period to 3 contracts at the end of the period. The tables below highlight the types of risks and the derivative instruments used to mitigate the risks:
Fair Values of Derivative Instruments on the Statement of Assets and Liabilities as of April 30, 2012:
Derivatives not accounted for as hedging instruments
Location | Interest Rate Contracts | Foreign Exchange Contracts | Equity Contracts | Total | ||||||||||||
Asset derivatives | ||||||||||||||||
Investment securities, at value | $ | — | $ | — | $ | 979 | $ | 979 | ||||||||
Premium paid on swap agreements | — | — | — | — | ||||||||||||
Unrealized appreciation on swap agreements | 80 | — | 59 | 139 | ||||||||||||
Unrealized appreciation on futures contracts | — | — | 8 | 8 | * | |||||||||||
Unrealized appreciation on forward foreign currency contracts | — | 268 | — | 268 | ||||||||||||
Liability derivatives | ||||||||||||||||
Written options and swaptions, at value | — | — | (1,990 | ) | (1,990 | ) | ||||||||||
Premium received on swap agreements | — | — | — | — | ||||||||||||
Unrealized depreciation on futures contracts | — | — | (5 | ) | (5 | )* | ||||||||||
Unrealized depreciation on forward foreign currency contracts | — | (294 | ) | — | (294 | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Total | $ | 80 | $ | (26 | ) | $ | (949 | ) | $ | (895 | ) | |||||
|
|
|
|
|
|
|
|
* | Includes cumulative appreciation/depreciation of futures contracts as reported in the Schedule of Investments. Only current day’s variation margin is reported within the Statement of Assets and Liabilities. |
Effect of Derivative Instruments on the Statement of Operations for the year ended April 30, 2012:
Location | lnterest Rate Contracts | Foreign Exchange Contracts | Equity Contracts | Total | ||||||||||||
Realized Gain / (Loss) on derivatives recognized in income | ||||||||||||||||
Net realized loss on investment securities | $ | — | $ | (21 | ) | $ | (1,576 | ) | $ | (1,597 | ) | |||||
Net realized gain on written options and swaptions | — | — | 902 | 902 | ||||||||||||
Net realized gain (loss) on swap agreements | (7 | ) | 3 | 21 | 17 | |||||||||||
Net realized loss on futures contracts | — | — | (1,083 | ) | (1,083 | ) | ||||||||||
Net realized gain on foreign currency transactions | — | 91 | — | 91 | ||||||||||||
Net Change in Unrealized Appreciation / (Depreciation)on derivatives recognized in income | ||||||||||||||||
Net change in unrealized appreciation (depreciation) on investment securities | — | 15 | 313 | 328 | ||||||||||||
Net change in unrealized appreciation (depreciation) on written options and swaptions | — | — | 243 | 243 | ||||||||||||
Net change in unrealized appreciation (depreciation) on swap agreements | 107 | (13 | ) | 59 | 153 | |||||||||||
Net change in unrealized appreciation (depreciation) on futures contracts | — | — | 569 | 569 | ||||||||||||
Net change in unrealized appreciation (depreciation) on translation of assets and liabilities denominated in foreign currencies | — | (276 | ) | — | (276 | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Total | $ | 100 | $ | (201 | ) | $ | (552 | ) | $ | (653 | ) | |||||
|
|
|
|
|
|
|
|
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 193 |
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2012
(all amounts in thousands)
(unaudited)
NOTE 5. (continued)
Transamerica Global Allocation (continued):
For non-exchange traded derivatives (swaps and forward foreign currency contracts), under standard derivatives agreements, the Fund may be required to post collateral on derivatives if the Fund is in a net liability position with the counterparty exceeding certain amounts. Additionally, counterparties may immediately terminate derivatives contracts if the Fund fails to maintain sufficient asset coverage for its contracts or its net assets decline by stated percentages.
Transamerica Managed Futures Strategy
The Fund is subject to various risks in the normal course of pursuing its investment objective. The volume of swap contracts held throughout the period increased, beginning at 6 contracts and ending at 15. The volume of forward foreign currency contracts averaged 483 throughout the period, beginning at 455 and ending at 575. The volume of futures contracts decreased throughout the period, beginning at 210 contracts and ending at 182 contracts. The tables below highlight the types of risks and the derivative instruments used to mitigate the risks:
Fair Values of Derivative Instruments on the Statement of Assets and Liabilities as of April 30, 2012:
Derivatives not accounted for as hedging instruments
Location | Interest rate contracts | Foreign exchange contracts | Equity contracts | Commodity Contracts | Total | |||||||||||||||
Asset derivatives | ||||||||||||||||||||
Unrealized appreciation on swap agreements | $ | 129 | $ | — | $ | — | $ | 468 | $ | 597 | ||||||||||
Unrealized appreciation on futures contracts | 1,968 | — | 525 | 2,044 | 4,537 | * | ||||||||||||||
Unrealized appreciation on forward foreign currency contracts | — | 3,844 | — | — | 3,844 | |||||||||||||||
Liability derivatives | ||||||||||||||||||||
Premium received on swap agreements | — | — | (11 | ) | — | (11 | ) | |||||||||||||
Unrealized depreciation on swap agreements | (206 | ) | — | (20 | ) | — | (226 | ) | ||||||||||||
Unrealized depreciation on futures contracts | (49 | ) | — | (545 | ) | (1,649 | ) | (2,243 | )* | |||||||||||
Unrealized depreciation on forward foreign currency contracts | — | (5,962 | ) | — | — | (5,962 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total | $ | 1,842 | $ | (2,118 | ) | $ | (51 | ) | $ | 863 | $ | (536 | ) | |||||||
|
|
|
|
|
|
|
|
|
|
* | Includes cumulative appreciation/depreciation of futures contracts as reported in the Schedule of Investments. Only current day’s variation margin is reported within the Statement of Assets and Liabilities. |
Effect of Derivative Instruments on the Statement of Operations for the period ended April 30, 2012:
Derivatives not accounted for as hedging instruments
Location | Interest rate contracts | Foreign exchange contracts | Equity Contracts | Commodity Contracts | Total | |||||||||||||||
Realized Gain / (Loss) on derivatives recognized in income | ||||||||||||||||||||
Net realized gain on swap agreements | $ | 208 | $ | — | $ | 153 | $ | 276 | $ | 220 | ||||||||||
Net realized gain (loss) on futures contracts | (439 | ) | — | (2,439 | ) | 3,065 | 187 | |||||||||||||
Net realized loss on foreign currency transactions | — | (5,664 | ) | — | — | (5,664 | ) | |||||||||||||
Change in Unrealized Appreciation / (Depreciation) on derivatives recognized in income | ||||||||||||||||||||
Net change in unrealized appreciation (depreciation) on swap agreements | 128 | — | 154 | 8 | 290 | |||||||||||||||
Net change in unrealized appreciation (depreciation) on futures contracts | 2,478 | — | 1,242 | 605 | 4,325 | |||||||||||||||
Net change in unrealized appreciation (depreciation) on translation of assets and liabilities denominated in foreign currencies | — | 4,410 | — | — | 4,410 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total | $ | 1,960 | $ | (1,254 | ) | $ | (891 | ) | $ | 3,954 | $ | 3,768 | ||||||||
|
|
|
|
|
|
|
|
|
|
For non-exchange traded derivatives (swaps and forward foreign currency contracts), under standard derivatives agreements, the Fund may be required to post collateral on derivatives if the Fund is in a net liability position with the counterparty exceeding certain amounts. Additionally, counterparties may immediately terminate derivatives contracts if the Fund fails to maintain sufficient asset coverage for its contracts or its net assets decline by stated percentages.
NOTE 6. FEDERAL INCOME TAX MATTERS
The Funds have not made any provision for federal income or excise taxes due to their policy to distribute all of their taxable income and capital gains to their shareholders and otherwise qualify as regulated investment companies under Subchapter M of the Internal Revenue Code. The Funds recognize the tax benefits of uncertain tax positions only where the position is “more likely than not” to be sustained assuming examination by tax authorities. Management has evaluated the Funds’ tax positions taken for all open tax years (2008 – 2010), if applicable, or expected to be taken in the Funds’ 2011 tax returns, and has concluded that no provision for income tax is required in the Funds’ financial statements. If applicable, the funds recognize interest accrued related to unrecognized tax benefits in interest and penalties expense in Other on the Statements of Operations.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 194 |
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2012
(all amounts in thousands)
(unaudited)
NOTE 6. (continued)
The Funds identify their major tax jurisdictions as U.S. Federal, the state of Florida, and foreign jurisdictions where the Funds make significant investments; however, the Funds are not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will change materially in the next twelve months. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP. These differences are primarily due to different treatment for items including, but not limited to wash sales, structured notes, foreign bonds, swaps, net operating losses, distribution reclasses for REITs, passive foreign investment companies, foreign currency transactions, and capital loss carryforwards.
NOTE 7. BASIS FOR CONSOLIDATION
Transamerica Cayman Commodity Strategy, Ltd., Transamerica Cayman Global Allocation, Ltd., and Transamerica Cayman Managed Futures Strategy, Ltd., (each, a “Subsidiary”; collectively, the “Subsidiaries”) are organized under the laws of the Cayman Islands as wholly-owned subsidiaries which act as investment vehicles for Transamerica Commodity Strategy, Transamerica Global Allocation, and Transamerica Managed Futures Strategy, respectively. The principal purpose of investment of the Subsidiaries is to allow the Funds noted above to gain exposure to the commodity markets within the limitations of the federal tax law requirements applicable to regulated investment companies.
The following schedule reflects the net assets of the Subsidiaries as a percentage of the Funds’ net assets at April 30, 2012:
Transamerica Commodity Strategy | Market Value | % of Net Assets | ||||||
Transamerica Cayman Commodity Strategy, Ltd. | $ | 28,974 | 17.03 | % | ||||
Transamerica Global Allocation | Market Value | % of Net Assets | ||||||
Transamerica Cayman Global Allocation, Ltd. | $ | 4,025 | 0.90 | % | ||||
Transamerica Managed Futures Strategy | Market Value | % of Net Assets | ||||||
Transamerica Cayman Managed Futures Strategy, Ltd. | $ | 56,820 | 23.07 | % |
NOTE 8. ACCOUNTING PRONOUNCEMENTS
In May 2011, the Financial Accounting Standards Board (“FASB”) issued the authoritative guidance “Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs” which seeks to establish common requirements for measuring fair value and for disclosing information about fair value measurements in accordance with GAAP. The adoption of this disclosure requirement is effective for financial statements interim and annual periods beginning after December 15, 2011. Management is currently evaluating the application of the adoption of the additional disclosure requirements and its impact on the Funds’ financial statements.
In April 2011, FASB issued an amendment to authoritative guidance “Reconsideration of Effective Control for Repurchase Agreements” which amends specifically the criteria required to determine whether a repurchase agreement and similar agreements should be accounted for as sales of financial assets or secured borrowings with commitments. The adoption of this guidance is effective for the first interim or annual period beginning on or after December 15, 2011 prospectively to transactions or modifications of existing transactions that occur on or after the effective date. Management is currently evaluating the application of the adoption of the additional disclosure requirements and its impact on the Funds’ financial statements.
NOTE 9. SUBSEQUENT EVENTS
Transamerica Small- & Mid-Cap Value Select ceased operations as of May 31, 2012.
Management has evaluated subsequent events through the date of issuance of the financial statements, and determined that no other material events or transactions would require recognition or disclosure in the Funds’ financial statements.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 195 |
PROXY VOTING POLICIES AND PROCEDURES AND QUARTERLY PORTFOLIO HOLDINGS
(unaudited)
A description of the Transamerica Funds’ proxy voting policies and procedures is available in the Statement of Additional Information of the Funds, available without charge upon request by calling 1-888-233-4339 (toll free) or on the Securities and Exchange Commission’s (“SEC”) website at http://www.sec.gov.
In addition, the Funds are required to file Form N-PX, with their complete proxy voting records for the 12 months ended June 30th, no later than August 31st of each year. The Form is available without charge: (1) from the Funds, upon request by calling 1-888-233-4339; and (2) on the SEC’s website at http://www.sec.gov.
The Funds file their complete schedule of portfolio holdings with the SEC for the first and third quarter of each fiscal year on Form N-Q, which is available on the SEC’s website at http://www.sec.gov. The Funds’ Form N-Q may be reviewed and copied at the SEC’s Public Reference Room in Washington, D.C. Information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330.
You may also visit the Trust’s website at www.transamericainvestments.com for this and other information about the Portfolios and the Trust.
Important Notice Regarding Delivery of Shareholder Documents
Every year we send shareholders informative materials such as the Transamerica Funds Annual Report, the Transamerica Funds Prospectus, and other required documents that keep you informed regarding your Funds. Transamerica Funds will only send one piece per mailing address, a method that saves your Funds’ money by reducing mailing and printing costs. We will continue to do this unless you tell us not to. To elect to receive individual mailings, simply call a Transamerica Customer Service Representative toll free at 1-888-233-4339, 8 a.m. to 7 p.m. Eastern Time, Monday–Friday. Your request will take effect within 30 days.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 196 |
NOTICE OF PRIVACY POLICY
(unaudited)
Protecting your privacy is very important to us. We want you to understand what information we collect and how we use it. We collect and use “nonpublic personal information” in connection with providing our customers with a broad range of financial products and services as effectively and conveniently as possible. We treat nonpublic personal information in accordance with our Privacy Policy.
What Information We Collect and From Whom We Collect It
We may collect nonpublic personal information about you from the following sources:
• | Information we receive from you on applications or other forms, such as your name, address, and account number; |
• | Information about your transactions with us, our affiliates, or others, such as your account balance and purchase/redemption history; and |
• | Information we receive from non-affiliated third parties, including consumer reporting agencies. |
What Information We Disclose and To Whom We Disclose It
We do not disclose any nonpublic personal information about current or former customers to anyone without their express consent, except as permitted by law. We may disclose the nonpublic personal information we collect, as described above, to persons or companies that perform services on our behalf and to other financial institutions with which we have joint marketing agreements. We will require these companies to protect the confidentiality of your nonpublic personal information and to use it only to perform the services for which we have hired them.
Our Security Procedures
We restrict access to your nonpublic personal information and only allow disclosures to persons and companies as permitted by law to assist in providing products or services to you. We maintain physical, electronic, and procedural safeguards to protect your nonpublic personal information and to safeguard the disposal of certain consumer information.
If you have any questions about our Privacy Policy, please call 1-888-233-4339 on any business day between 8 a.m. and 7 p.m. Eastern Time.
Note: This Privacy Policy applies only to customers that have a direct relationship with us or our affiliates. If you own shares of our funds in the name of a third party such as a bank or broker-dealer, its privacy policy may apply to you instead of ours.
Transamerica Funds | Semi-Annual Report 2012 | |||
Page 197 |
Customer Service 1-888-233-4339
P.O. Box 9012 • Clearwater, FL 33758-9012
Distributor: Transamerica Capital, Inc.
Item 2: Code of Ethics.
Not applicable for semi-annual reports.
Item 3: Audit Committee Financial Expert.
Not applicable for semi-annual reports.
Item 4: Principal Accountant Fees and Services.
Not applicable for semi-annual reports.
Item 5: Audit Committee of Listed Registrant.
Not applicable for semi-annual reports.
Item 6: Investments.
The schedules of investments are included in the Semi-Annual report to shareholders filed under Item 1 of this Form N-CSR.
Item 7: Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not applicable.
Item 8: Portfolio Managers of Closed-End Management Investment Companies.
Not applicable.
Item 9: Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
Not applicable.
Item 10: Submission of Matters to a Vote of Security Holders
There have been no material changes to the procedures by which shareholders may recommend nominees to the Registrant’s Board of Trustees that have been implemented since the Registrant last provided disclosure in response to the requirements of this Item.
Item 11: Controls and Procedures.
(a) | The Registrant’s principal executive officer and principal financial officer evaluated the Registrant’s disclosure controls and procedures within 90 days of this filing and have concluded that the Registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”)) are appropriately designed to ensure that information required to be disclosed by the Registrant in the reports that it files on Form N-CSR (a) is accumulated and communicated to Registrant’s management, including its principal executive officer and principal financial officer, to allow timely decisions regarding required disclosure, and (b) is recorded, processed, summarized and reported, within the time periods specified in the rules and forms adopted by the U.S. Securities and Exchange Commission. |
(b) | The Registrant’s principal executive officer and principal financial officer are aware of no change in the Registrant’s internal control over financial reporting that occurred during the Registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting. |
Item 12: Exhibits.
(a) | (1) | Not Applicable | ||
(2) | Separate certifications for Registrant’s principal executive officer and principal financial officer, as required by Rule 30a-2(a) under the 1940 Act, are attached. | |||
(3) | Not Applicable | |||
(b) | A certification for Registrant’s principal executive officer and principal financial officer, as required by Rule 30a-2(b) under the 1940 Act, is attached. The certification furnished pursuant to this paragraph is not deemed to be “filed” for purposes of Section 18 of the Securities Act of 1934, or otherwise subject to liability of that section. Such certification is not deemed to be incorporated by reference into any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934, except to the extent that the Registrant specifically incorporates it by reference. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Transamerica Funds (Registrant) | ||
By: | /s/ Thomas A. Swank | |
Thomas A. Swank | ||
Chief Executive Officer | ||
Date: | July 3, 2012 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.
By: | /s/ Thomas A. Swank | |
Thomas A. Swank | ||
Chief Executive Officer | ||
Date: | July 3, 2012 | |
By: | /s/ Elizabeth Strouse | |
Elizabeth Strouse | ||
Principal Financial Officer | ||
Date: | July 3, 2012 |
EXHIBIT INDEX
Exhibit No. | Description of Exhibit | |
12(a)(2)(i) | Section 302 N-CSR Certification of Chief Executive Officer | |
12(a)(2)(ii) | Section 302 N-CSR Certification of Principal Financial Officer | |
12(b) | Section 906 N-CSR Certification of Chief Executive Officer and Principal Financial Officer |