As filed with the SEC on July 3, 2013.
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, 2012 – April 30, 2013
Item 1: Report(s) to Shareholders. The Semi-Annual Report is attached.
Fund of Funds
Semi-Annual Report
April 30, 2013
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. In November of 2012, financial markets were focused on the U.S. presidential elections and the impending U.S. fiscal cliff. Despite the Federal Reserve announcing targeted quantitative easing in December 2012, investor concern over the fiscal cliff held the U.S. markets down through the end of the year. During this time improving conditions in Europe and China drove international equities higher. On January 2, 2013 the U.S. Congress successfully resolved the fiscal cliff and as a result U.S. markets moved up strongly over the next three months. In February and March, slowing growth in China caused emerging markets to decline. At the same time, economic weakness in Europe reasserted itself pushing those markets down as well. The period ended in April with Japan announcing a massive new monetary easing program and at the same time, global exports improved, helping to boost both U.S. and international markets.
For the six month period ended April 30, 2013, the Standard & Poor’s 500® Index gained 13.13%, the Morgan Stanley Capital International - Europe, Australasia, Far East Index (“MSCI-EAFE”) gained 17.18% and the Barclays U.S. Aggregate Bond Index gained 0.90%. 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
President & Chief Executive Officer
Transamerica Funds
Christopher A. Staples
Vice President & CIO-Advisory Services
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, 2012 and held for the entire period until April 30, 2013.
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 during the period can 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 is not the funds’ actual return. 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 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. 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 covered by 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 | Beginning Account Value | Ending Account Value | Expenses Paid During Period(B) | Ending Account Value | Expenses Paid During Period(B) | Annualized Expense Ratio(C) | ||||||||||||||||||
Transamerica Asset Allocation - Conservative Portfolio | ||||||||||||||||||||||||
Class A | $ 1,000.00 | $ 1,056.40 | $ 2.96 | $ 1,021.92 | $ 2.91 | 0.58 | % | |||||||||||||||||
Class B | 1,000.00 | 1,052.80 | 6.62 | 1,018.35 | 6.51 | 1.30 | ||||||||||||||||||
Class C | 1,000.00 | 1,053.30 | 6.31 | 1,018.65 | 6.21 | 1.24 | ||||||||||||||||||
Class I | 1,000.00 | 1,058.10 | 1.38 | 1,023.46 | 1.35 | 0.27 | ||||||||||||||||||
Class R | 1,000.00 | 1,055.10 | 4.18 | 1,020.73 | 4.11 | 0.82 | ||||||||||||||||||
Transamerica Asset Allocation - Growth Portfolio | ||||||||||||||||||||||||
Class A | 1,000.00 | 1,131.40 | 3.38 | 1,021.62 | 3.21 | 0.64 | ||||||||||||||||||
Class B | 1,000.00 | 1,127.90 | 7.44 | 1,017.80 | 7.05 | 1.41 | ||||||||||||||||||
Class C | 1,000.00 | 1,127.90 | 6.96 | 1,018.25 | 6.61 | 1.32 | ||||||||||||||||||
Class I | 1,000.00 | 1,134.10 | 1.43 | 1,023.46 | 1.35 | 0.27 | ||||||||||||||||||
Class R | 1,000.00 | 1,130.90 | 4.49 | 1,020.58 | 4.26 | 0.85 |
Transamerica Funds | Semi-Annual Report 2013 |
Page 1
Understanding Your Funds’ Expenses (continued)
(unaudited)
Actual Expenses | Hypothetical Expenses(A) | |||||||||||||||||||||||
Fund Name | Beginning Account Value | Ending Account Value | Expenses Paid During Period(B) | Ending Account Value | Expenses Paid During Period(B) | Annualized Expense Ratio(C) | ||||||||||||||||||
Transamerica Asset Allocation - Moderate Growth Portfolio | ||||||||||||||||||||||||
Class A | $ 1,000.00 | $ 1,106.70 | $ 3.08 | $ 1,021.87 | $ 2.96 | 0.59 | % | |||||||||||||||||
Class B | 1,000.00 | 1,101.90 | 7.09 | 1,018.05 | 6.81 | 1.36 | ||||||||||||||||||
Class C | 1,000.00 | 1,102.10 | 6.67 | 1,018.45 | 6.41 | 1.28 | ||||||||||||||||||
Class I | 1,000.00 | 1,108.20 | 1.41 | 1,023.46 | 1.35 | 0.27 | ||||||||||||||||||
Class R | 1,000.00 | 1,105.20 | 4.12 | 1,020.88 | 3.96 | 0.79 | ||||||||||||||||||
Transamerica Asset Allocation - Moderate Portfolio | ||||||||||||||||||||||||
Class A | 1,000.00 | 1,082.10 | 2.94 | 1,021.97 | 2.86 | 0.57 | ||||||||||||||||||
Class B | 1,000.00 | 1,077.30 | 7.06 | 1,018.00 | 6.85 | 1.37 | ||||||||||||||||||
Class C | 1,000.00 | 1,077.90 | 6.44 | 1,018.60 | 6.26 | 1.25 | ||||||||||||||||||
Class I | 1,000.00 | 1,083.20 | 1.34 | 1,023.51 | 1.30 | 0.26 | ||||||||||||||||||
Class R | 1,000.00 | 1,080.00 | 3.92 | 1,021.03 | 3.81 | 0.76 | ||||||||||||||||||
Transamerica Multi-Manager Alternative Strategies Portfolio | ||||||||||||||||||||||||
Class A | 1,000.00 | 1,051.50 | 3.66 | 1,021.22 | 3.61 | 0.72 | ||||||||||||||||||
Class C | 1,000.00 | 1,048.60 | 7.37 | 1,017.60 | 7.25 | 1.45 | ||||||||||||||||||
Class I | 1,000.00 | 1,054.10 | 2.04 | 1,022.81 | 2.01 | 0.40 | ||||||||||||||||||
Transamerica Multi-Manager International Portfolio | ||||||||||||||||||||||||
Class A | 1,000.00 | 1,112.10 | 3.72 | 1,021.27 | 3.56 | 0.71 | ||||||||||||||||||
Class B | 1,000.00 | 1,106.80 | 7.57 | 1,017.60 | 7.25 | 1.45 | ||||||||||||||||||
Class C | 1,000.00 | 1,108.20 | 7.58 | 1,017.60 | 7.25 | 1.45 | ||||||||||||||||||
Class I | 1,000.00 | 1,112.90 | 1.73 | 1,023.16 | 1.66 | 0.33 |
(A) | 5% return per year before expenses. |
(B) | Expenses are calculated using the funds’ annualized expense ratios (as disclosed in the table), multiplied by the average account value for the period, multiplied by the number of days in the period (181 days), and divided by the number of days in the year (365 days). |
(C) | Expense ratios do not include expenses of the investment companies in which the funds invest. |
Transamerica Funds | Semi-Annual Report 2013 |
Page 2
Schedules of Investments Composition
At April 30, 2013
(The following chart summarizes the Schedules of Investments of each fund by asset type)
(unaudited)
Transamerica Asset Allocation - Conservative Portfolio | % of Net Assets | |||
Fixed Income | 48.2 | % | ||
U.S. Equity | 25.8 | |||
Tactical and Specialty | 14.4 | |||
Global/International Equity | 6.0 | |||
Inflation-Protected Securities | 5.7 | |||
Other Assets and Liabilities - Net | (0.1 | ) | ||
Total | 100.0 | % | ||
|
| |||
Transamerica Asset Allocation - Growth Portfolio | % of Net Assets | |||
U.S. Equity | 73.1 | % | ||
Global/International Equity | 19.1 | |||
Tactical and Specialty | 7.9 | |||
Fixed Income | 0.0 | (A) | ||
Other Assets and Liabilities - Net | (0.1 | ) | ||
Total | 100.0 | % | ||
|
| |||
Transamerica Asset Allocation - Moderate Growth Portfolio | % of Net Assets | |||
U.S. Equity | 59.9 | % | ||
Global/International Equity | 13.6 | |||
Fixed Income | 12.6 | |||
Tactical and Specialty | 11.8 | |||
Inflation-Protected Securities | 2.2 | |||
Other Assets and Liabilities - Net | (0.1 | ) | ||
Total | 100.0 | % | ||
|
|
Transamerica Asset Allocation - Moderate Portfolio | % of Net Assets | |||
U.S. Equity | 44.7 | % | ||
Fixed Income | 30.6 | |||
Tactical and Specialty | 13.2 | |||
Global/International Equity | 8.4 | |||
Inflation-Protected Securities | 3.2 | |||
Repurchase Agreement | 0.0 | (A) | ||
Other Assets and Liabilities - Net | (0.1 | ) | ||
Total | 100.0 | % | ||
|
| |||
Transamerica Multi-Manager Alternative Strategies Portfolio | % of Net Assets | |||
Tactical and Specialty | 69.0 | % | ||
Fixed Income | 20.1 | |||
Global/International Equity | 5.4 | |||
Alternative Investments | 5.3 | |||
Other Assets and Liabilities - Net | 0.2 | |||
Total | 100.0 | % | ||
|
| |||
Transamerica Multi-Manager International Portfolio | % of Net Assets | |||
Global/International Equity | 95.8 | % | ||
Tactical and Specialty | 4.4 | |||
Other Assets and Liabilities - Net | (0.2 | ) | ||
Total | 100.0 | % | ||
|
|
(A) | Amount rounds to less than 0.1%. |
Transamerica Funds | Semi-Annual Report 2013 |
Page 3
Transamerica Asset Allocation - Conservative Portfolio
SCHEDULE OF INVESTMENTS
At April 30, 2013
(unaudited)
Shares | Value | |||||||
INVESTMENT COMPANIES - 100.1% | ||||||||
Fixed Income - 48.2% | ||||||||
Transamerica Core Bond (A) | 18,143,265 | $ 195,040,101 | ||||||
Transamerica Emerging Markets Debt (A) | 1,691,587 | 19,876,151 | ||||||
Transamerica Flexible Income (A) | 1,759,966 | 16,930,873 | ||||||
Transamerica High Yield Bond (A) | 2,956,828 | 29,804,831 | ||||||
Transamerica International Bond (A) | 1,003,332 | 9,932,990 | ||||||
Transamerica Money Market (A) | 4,780,347 | 4,780,347 | ||||||
Transamerica Short-Term Bond (A) | 8,481,907 | 87,618,100 | ||||||
Transamerica Total Return (A) | 18,566,712 | 202,562,830 | ||||||
Global/International Equity - 6.0% | ||||||||
Transamerica Developing Markets Equity (A) | 1,327,320 | 15,118,180 | ||||||
Transamerica Emerging Markets Equity (A) | 461,114 | 4,721,808 | ||||||
Transamerica International (A) | 776,454 | 7,702,422 | ||||||
Transamerica International Equity (A) | 159,960 | 2,656,937 | ||||||
Transamerica International Equity Opportunities (A) | 807,443 | 6,394,947 | ||||||
Transamerica International Small Cap (A) | 626,003 | 5,502,567 | ||||||
Transamerica International Value Opportunities (A) | 721,706 | 6,827,337 | ||||||
Transamerica Value (A) | 825,926 | 21,432,778 | ||||||
Inflation-Protected Securities - 5.7% | ||||||||
Transamerica Real Return TIPS (A) | 6,045,054 | 66,556,041 | ||||||
Tactical and Specialty - 14.4% | ||||||||
Transamerica Arbitrage Strategy (A) | 1,990,842 | 19,629,698 | ||||||
Transamerica Bond (A) | 6,469,000 | 71,482,446 | ||||||
Transamerica Commodity Strategy (A) (B) | 1,176,353 | 10,645,993 |
Shares | Value | |||||||
Tactical and Specialty (continued) | ||||||||
Transamerica Global Allocation (A) | 1,983,364 | $ 22,650,012 | ||||||
Transamerica Global Macro (A) (B) | 1,644,497 | 9,455,859 | ||||||
Transamerica Global Real Estate Securities (A) | 82,547 | 1,177,116 | ||||||
Transamerica Long/Short Strategy (A) (B) | 1,185,460 | 10,159,394 | ||||||
Transamerica Managed Futures Strategy (A) (B) | 2,301,526 | 24,258,084 | ||||||
U.S. Equity - 25.8% | ||||||||
Transamerica Capital Growth (A) | 1,204,644 | 14,250,934 | ||||||
Transamerica Diversified Equity (A) | 3,237,530 | 49,663,709 | ||||||
Transamerica Dividend Focused (A) | 3,874,629 | 42,620,921 | ||||||
Transamerica Growth (A) | 3,568,485 | 48,245,915 | ||||||
Transamerica Growth Opportunities (A) | 1,780,315 | 17,838,753 | ||||||
Transamerica Large Cap Growth (A) | 304,277 | 3,310,531 | ||||||
Transamerica Large Cap Value (A) | 4,726,521 | 61,161,178 | ||||||
Transamerica Mid Cap Value (A) | 650,543 | 9,693,091 | ||||||
Transamerica Select Equity (A) | 3,309,636 | 42,396,433 | ||||||
Transamerica Small Cap Growth (A) | 842,560 | 8,771,047 | ||||||
Transamerica Small Cap Value (A) | 441,539 | 5,024,710 | ||||||
Transamerica Small Company Growth Liquidating Trust (B) (C) (D) (E) (F) | 1,529 | 10,099 | ||||||
|
| |||||||
Total Investment Companies (cost $1,046,193,041) |
| 1,175,905,163 | ||||||
|
| |||||||
Total Investment Securities (cost $1,046,193,041) (G) |
| 1,175,905,163 | ||||||
Other Assets and Liabilities - Net | (1,695,286 | ) | ||||||
|
| |||||||
Net Assets | $ 1,174,209,877 | |||||||
|
|
NOTES TO SCHEDULE OF INVESTMENTS:
(A) | The fund invests its assets in the Class I2 shares of the affiliated series of Transamerica Funds. |
(B) | Non-income producing security. |
(C) | Investment in affiliated company of Transamerica Asset Management, Inc. |
(D) | Illiquid. Total aggregate market value of illiquid securities is $10,099, or less than 0.01% of the fund’s net assets. |
(E) | Restricted security. At April 30, 2013, the fund owned the respective securities which were restricted as to public resale: |
Investment Securities | Description | Acquisition Date | Cost | Value | Value as % of Net Assets | |||||||||||||
Investment Companies | Transamerica Small Company Growth Liquidating Trust | 10/26/2012 | $ | 15,291 | $ | 10,099 | 0.00 | %(H) | ||||||||||
|
|
|
|
|
|
(F) | 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 $10,099, or less than 0.01% of the fund’s net assets. |
(G) | Aggregate cost for federal income tax purposes is $1,046,193,041. Aggregate gross unrealized appreciation and depreciation for all securities in which there is an excess of value over tax cost were $134,719,541 and $5,007,419, respectively. Net unrealized appreciation for tax purposes is $129,712,122. |
(H) | Percentage rounds to less than 0.01%. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 4
Transamerica Asset Allocation - Conservative Portfolio
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
VALUATION SUMMARY: (I)
Level 1 — Quoted Prices | Level 2 — Other Significant Observable Inputs | Level 3 — Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
ASSETS | ||||||||||||||||
Investment Securities | ||||||||||||||||
Investment Companies | ||||||||||||||||
Fixed Income | $ | 566,546,223 | $ | — | $ | — | $ | 566,546,223 | ||||||||
Global/International Equity | 70,356,976 | — | — | 70,356,976 | ||||||||||||
Inflation-Protected Securities | 66,556,041 | — | — | 66,556,041 | ||||||||||||
Tactical and Specialty | 169,458,602 | — | — | 169,458,602 | ||||||||||||
U.S. Equity | 302,977,222 | — | 10,099 | 302,987,321 | ||||||||||||
Total Investment Securities | $ | 1,175,895,064 | $ | — | $ | 10,099 | $ | 1,175,905,163 | ||||||||
Level 1 — Quoted Prices | Level 2 — Other Significant Observable Inputs | Level 3 — Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
LIABILITIES | ||||||||||||||||
Other Liabilities (J) | ||||||||||||||||
Due to Custodian | $ | — | $ | (4,276 | ) | $ | — | $ | (4,276 | ) | ||||||
Total Other Liabilities | $ | — | $ | (4,276 | ) | $ | — | $ | (4,276 | ) |
(I) | Transfers between levels are considered to have occurred at the end of the reporting period. There were no transfers between Levels 1 and 2 during the period ended April 30, 2013. See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
(J) | Certain assets and liabilities are held at carrying amount or face value, which approximates fair value for financial reporting purposes. |
Level 3 Rollforward - Investment Securities
Securities | Beginning Balance at October 31, 2012 | Purchases | Sales (K) | Accrued Discounts/ (Premiums) | Total Realized Gain/(Loss) | Net Change in Unrealized Appreciation (Depreciation) (L) | Transfers into Level 3 | Transfer out of Level 3 | Ending Balance at April 30, 2013 (M) | Net Change in Unrealized Appreciation (Depreciation) on Investments Held at April 30, 2013 (L) | ||||||||||||||||||||||||||||||
Investment Companies | $ | 208,417 | $ | — | $ | (188,624 | ) | $ | — | $ | (4,502 | ) | $ | (5,192 | ) | $ | — | $ | — | $ | 10,099 | $ | (5,192 | ) |
(K) | Sales include all sales of securities, maturities, paydowns and securities tendered in a corporate action. |
(L) | Any difference between Net Change in Unrealized Appreciation (Depreciation) and Net Change in Unrealized Appreciation (Depreciation) on Investments Held at April 30, 2013 may be due to an investment no longer held or categorized as Level 3 at period end. |
(M) | Inputs used in the valuation of the Level 3 securities were not considered significant unobservable inputs. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 5
Transamerica Asset Allocation - Growth Portfolio
SCHEDULE OF INVESTMENTS
At April 30, 2013
(unaudited)
Shares | Value | |||||||
INVESTMENT COMPANIES - 100.1% | ||||||||
Fixed Income - 0.0% (A) | ||||||||
Transamerica Money Market (B) | 60,267 | $ 60,267 | ||||||
Global/International Equity - 19.1% | ||||||||
Transamerica Developing Markets Equity (B) | 6,684,825 | 76,140,158 | ||||||
Transamerica Emerging Markets Equity (B) | 2,469,960 | 25,292,388 | ||||||
Transamerica International (B) | 3,664,823 | 36,355,043 | ||||||
Transamerica International Equity (B) | 2,305,703 | 38,297,722 | ||||||
Transamerica International Equity Opportunities (B) | 1,221,822 | 9,676,831 | ||||||
Transamerica International Small Cap (B) | 2,110,061 | 18,547,433 | ||||||
Transamerica International Value Opportunities (B) | 2,284,178 | 21,608,319 | ||||||
Transamerica Value (B) | 1,867,388 | 48,458,706 | ||||||
Tactical and Specialty - 7.9% | ||||||||
Transamerica Arbitrage Strategy (B) | 256,909 | 2,533,122 | ||||||
Transamerica Commodity Strategy (B) (C) | 1,906,066 | 17,249,894 | ||||||
Transamerica Global Allocation (B) | 965,614 | 11,027,313 | ||||||
Transamerica Global Real Estate Securities (B) | 2,864,300 | 40,844,925 | ||||||
Transamerica Managed Futures Strategy (B) (C) | 3,986,678 | 42,019,587 | ||||||
U.S. Equity - 73.1% | ||||||||
Transamerica Capital Growth (B) | 5,981,278 | 70,758,516 |
Shares | Value | |||||||
U.S. Equity (continued) | ||||||||
Transamerica Diversified Equity (B) | 9,990,393 | $ 153,252,632 | ||||||
Transamerica Dividend Focused (B) | 12,432,782 | 136,760,597 | ||||||
Transamerica Growth (B) | 9,616,488 | 130,014,914 | ||||||
Transamerica Growth Opportunities (B) | 4,658,649 | 46,679,663 | ||||||
Transamerica Large Cap Growth (B) | 959,877 | 10,443,462 | ||||||
Transamerica Large Cap Value (B) | 17,067,256 | 220,850,289 | ||||||
Transamerica Mid Cap Value (B) | 4,301,914 | 64,098,524 | ||||||
Transamerica Select Equity (B) | 12,125,619 | 155,329,176 | ||||||
Transamerica Small Cap Growth (B) | 2,816,265 | 29,317,324 | ||||||
Transamerica Small Cap Value (B) | 2,820,363 | 32,095,727 | ||||||
Transamerica Small Company Growth Liquidating Trust (C) (D) (E) (F) (G) | 5,111 | 33,755 | ||||||
|
| |||||||
Total Investment Companies (cost $1,128,748,724) |
| 1,437,746,287 | ||||||
|
| |||||||
Total Investment Securities (cost $1,128,748,724) (H) |
| 1,437,746,287 | ||||||
Other Assets and Liabilities - Net | (2,056,850 | ) | ||||||
|
| |||||||
Net Assets | $ 1,435,689,437 | |||||||
|
|
NOTES TO SCHEDULE OF INVESTMENTS:
(A) | Percentage rounds to less than 0.1%. |
(B) | The fund invests its assets in the Class I2 shares of the affiliated series of Transamerica Funds. |
(C) | Non-income producing security. |
(D) | Investment in affiliated company of Transamerica Asset Management, Inc. |
(E) | 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 $33,755, or less than 0.01% of the fund’s net assets. |
(F) | Illiquid. Total aggregate market value of illiquid securities is $33,755, or less than 0.01% of the fund’s net assets. |
(G) | Restricted security. At April 30, 2013, the fund owned the respective securities which were restricted as to public resale: |
Investment Securities | Description | Acquisition Date | Cost | Value | Value as % of Net Assets | |||||||||||||
Investment Companies | Transamerica Small Company Growth Liquidating Trust | 10/26/2012 | $ | 51,111 | $ | 33,755 | 0.00 | %(I) |
(H) | Aggregate cost for federal income tax purposes is $1,128,748,724. Aggregate gross unrealized appreciation and depreciation for all securities in which there is an excess of value over tax cost were $311,976,496 and $2,978,933, respectively. Net unrealized appreciation for tax purposes is $308,997,563. |
(I) | Percentage rounds to less than 0.01%. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 6
Transamerica Asset Allocation - Growth Portfolio
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
VALUATION SUMMARY: (J)
Level 1 — Quoted Prices | Level 2 — Other Significant Observable Inputs | Level 3 — Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
ASSETS | ||||||||||||||||
Investment Securities | ||||||||||||||||
Investment Companies | ||||||||||||||||
Fixed Income | $ | 60,267 | $ | — | $ | — | $ | 60,267 | ||||||||
Global/International Equity | 274,376,600 | — | — | 274,376,600 | ||||||||||||
Tactical and Specialty | 113,674,841 | — | — | 113,674,841 | ||||||||||||
U.S. Equity | 1,049,600,824 | — | 33,755 | 1,049,634,579 | ||||||||||||
Total Investment Securities | $ | 1,437,712,532 | $ | — | $ | 33,755 | $ | 1,437,746,287 |
(J) | Transfers between levels are considered to have occurred at the end of the reporting period. There were no transfers between Levels 1 and 2 during the period ended April 30, 2013. See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
Level 3 Rollforward - Investment Securities
Securities | Beginning Balance at October 31, 2012 | Purchases | Sales (K) | Accrued Discounts (Premiums) | Total Realized Gain (Loss) | Net Change in Unrealized Appreciation (Depreciation) (L) | Transfers into Level 3 | Transfers out of Level 3 | Ending Balance at April 30, 2013 (M) | Net Change in Unrealized Appreciation (Depreciation) on Investments Held at April 30, 2013 (L) | ||||||||||||||||||||||||||||||
Investment Companies | $ | 696,641 | $ | — | $ | (630,483 | ) | $ | — | $ | (15,047 | ) | $ | (17,356 | ) | $ | — | $ | — | $ | 33,755 | $ | (17,356 | ) |
(K) | Sales include all sales of securities, maturities, paydowns and securities tendered in a corporate action. |
(L) | Any difference between Net Change in Unrealized Appreciation (Depreciation) and Net Change in Unrealized Appreciation (Depreciation) on Investments Held at April 30, 2013 may be due to an investment no longer held or categorized as Level 3 at period end. |
(M) | Inputs used in the valuation of the Level 3 securities were not considered significant unobservable inputs. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 7
Transamerica Asset Allocation - Moderate Growth Portfolio
SCHEDULE OF INVESTMENTS
At April 30, 2013
(unaudited)
Shares | Value | |||||||
INVESTMENT COMPANIES - 100.1% | ||||||||
Fixed Income - 12.6% | ||||||||
Transamerica Core Bond (A) | 10,272,150 | $ 110,425,608 | ||||||
Transamerica Emerging Markets Debt (A) | 1,480,881 | 17,400,355 | ||||||
Transamerica High Yield Bond (A) | 4,143,584 | 41,767,325 | ||||||
Transamerica International Bond (A) | 1,540,268 | 15,248,649 | ||||||
Transamerica Short-Term Bond (A) | 6,556 | 67,723 | ||||||
Transamerica Total Return (A) | 17,176,037 | 187,390,561 | ||||||
Global/International Equity - 13.6% | ||||||||
Transamerica Developing Markets Equity (A) | 8,245,876 | 93,920,531 | ||||||
Transamerica Emerging Markets Equity (A) | 3,111,404 | 31,860,773 | ||||||
Transamerica International (A) | 6,922,013 | 68,666,373 | ||||||
Transamerica International Equity (A) | 2,015,442 | 33,476,500 | ||||||
Transamerica International Equity Opportunities (A) | 2,115,277 | 16,752,991 | ||||||
Transamerica International Small Cap (A) | 3,360,466 | 29,538,499 | ||||||
Transamerica International Value Opportunities (A) | 3,998,191 | 37,822,886 | ||||||
Transamerica Value (A) | 3,374,559 | 87,569,817 | ||||||
Inflation-Protected Securities - 2.2% | ||||||||
Transamerica Real Return TIPS (A) | 5,802,893 | 63,889,857 | ||||||
Tactical and Specialty - 11.8% | ||||||||
Transamerica Arbitrage Strategy (A) | 2,657,160 | 26,199,596 | ||||||
Transamerica Bond (A) | 4,182,103 | 46,212,239 | ||||||
Transamerica Commodity Strategy (A) (B) | 5,240,589 | 47,427,334 |
Shares | Value | |||||||
Tactical and Specialty (continued) | ||||||||
Transamerica Global Allocation (A) | 6,404,722 | $ 73,141,922 | ||||||
Transamerica Global Real Estate Securities (A) | 4,420,769 | 63,040,166 | ||||||
Transamerica Managed Futures Strategy (A) (B) | 8,704,547 | 91,745,925 | ||||||
U.S. Equity - 59.9% | ||||||||
Transamerica Capital Growth (A) | 8,212,623 | 97,155,333 | ||||||
Transamerica Diversified Equity (A) | 16,361,458 | 250,984,761 | ||||||
Transamerica Dividend Focused (A) | 23,316,538 | 256,481,914 | ||||||
Transamerica Growth (A) | 17,710,337 | 239,443,755 | ||||||
Transamerica Growth Opportunities (A) | 9,739,491 | 97,589,704 | ||||||
Transamerica Large Cap Growth (A) | 1,489,200 | 16,202,498 | ||||||
Transamerica Large Cap Value (A) | 28,567,500 | 369,663,452 | ||||||
Transamerica Mid Cap Value (A) | 7,280,442 | 108,478,590 | ||||||
Transamerica Select Equity (A) | 19,924,968 | 255,238,842 | ||||||
Transamerica Small Cap Growth (A) | 2,603,343 | 27,100,800 | ||||||
Transamerica Small Cap Value (A) | 3,726,598 | 42,408,682 | ||||||
Transamerica Small Company Growth Liquidating Trust (B) (C) (D) (E) (F) | 4,660 | 30,776 | ||||||
|
| |||||||
Total Investment Companies (cost $2,418,109,015) |
| 2,944,344,737 | ||||||
|
| |||||||
Total Investment Securities (cost $2,418,109,015) (G) |
| 2,944,344,737 | ||||||
Other Assets and Liabilities - Net | (4,391,955 | ) | ||||||
|
| |||||||
Net Assets | $ 2,939,952,782 | |||||||
|
|
NOTES TO SCHEDULE OF INVESTMENTS:
(A) | The fund invests its assets in the Class I2 shares of the affiliated series of Transamerica Funds. |
(B) | Non-income producing security. |
(C) | Investment in affiliated company of Transamerica Asset Management, Inc. |
(D) | 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 $30,776, or less than 0.01% of the fund’s net assets. |
(E) | Illiquid. Total aggregate market value of illiquid securities is $30,776, or less than 0.01% of the fund’s net assets. |
(F) | Restricted security. At April 30, 2013, the fund owned the respective securities which were restricted as to public resale: |
Investment Securities | Description | Acquisition Date | Cost | Value | Value as % of Net Assets | |||||||||||||
Investment Companies | Transamerica Small Company Growth Liquidating Trust | 10/26/2012 | $ | 46,600 | $ | 30,776 | 0.00 | %(H) |
(G) | Aggregate cost for federal income tax purposes is $2,418,109,015. Aggregate gross unrealized appreciation and depreciation for all securities in which there is an excess of value over tax cost were $533,317,771 and $7,082,049, respectively. Net unrealized appreciation for tax purposes is $526,235,722. |
(H) | Percentage rounds to less than 0.01%. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 8
Transamerica Asset Allocation - Moderate Growth Portfolio
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
VALUATION SUMMARY: (I)
Level 1 — Quoted Prices | Level 2 — Other Significant Observable Inputs | Level 3 — Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
ASSETS | ||||||||||||||||
Investment Securities | ||||||||||||||||
Investment Companies | ||||||||||||||||
Fixed Income | $ | 372,300,221 | $ | — | $ | — | $ | 372,300,221 | ||||||||
Global/International Equity | 399,608,370 | — | — | 399,608,370 | ||||||||||||
Inflation-Protected Securities | 63,889,857 | — | — | 63,889,857 | ||||||||||||
Tactical and Specialty | 347,767,182 | — | — | 347,767,182 | ||||||||||||
U.S. Equity | 1,760,748,331 | — | 30,776 | 1,760,779,107 | ||||||||||||
Total Investment Securities | $ | 2,944,313,961 | $ | — | $ | 30,776 | $ | 2,944,344,737 | ||||||||
Level 1 — Quoted Prices | Level 2 — Other Significant Observable Inputs | Level 3 — Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
LIABILITIES | ||||||||||||||||
Other Liabilities (J) | ||||||||||||||||
Due to Custodian | $ | — | $ | (8,561 | ) | $ | — | $ | (8,561 | ) | ||||||
Total Other Liabilities | $ | — | $ | (8,561 | ) | $ | — | $ | (8,561 | ) |
(I) | Transfers between levels are considered to have occurred at the end of the reporting period. There were no transfers between Levels 1 and 2 during the period ended April 30, 2013. See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
(J) | Certain assets and liabilities are held at carrying amount or face value, which approximates fair value for financial reporting purposes. |
Level 3 Rollforward - Investment Securities
Securities | Beginning Balance at October 31, 2012 | Purchases | Sales (K) | Accrued Discounts (Premiums) | Total Realized Gain (Loss) | Net Change in Unrealized Appreciation (Depreciation) (L) | Transfers into Level 3 | Transfers out of Level 3 | Ending Balance at April 30, 2013 (M) | Net Change in Unrealized Appreciation (Depreciation) on Investments Held at April 30, 2013 (L) | ||||||||||||||||||||||||||||||
Investment Companies | $ | 635,151 | $ | — | $ | (574,833 | ) | $ | — | $ | (13,718 | ) | $ | (15,824 | ) | $ | — | $ | — | $ | 30,776 | $ | (15,824 | ) |
(K) | Sales include all sales of securities, maturities, paydowns and securities tendered in a corporate action. |
(L) | Any difference between Net Change in Unrealized Appreciation (Depreciation) and Net Change in Unrealized Appreciation (Depreciation) on Investments Held at April 30, 2013 may be due to an investment no longer held or categorized as Level 3 at period end. |
(M) | Inputs used in the valuation of the Level 3 securities were not considered significant unobservable inputs. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 9
Transamerica Asset Allocation - Moderate Portfolio
SCHEDULE OF INVESTMENTS
At April 30, 2013
(unaudited)
Shares | Value | |||||||
INVESTMENT COMPANIES - 100.1% | ||||||||
Fixed Income - 30.6% | ||||||||
Transamerica Core Bond (A) | 14,195,775 | $ 152,604,580 | ||||||
Transamerica Emerging Markets Debt (A) | 2,574,429 | 30,249,544 | ||||||
Transamerica Flexible Income (A) | 4,273,449 | 41,110,578 | ||||||
Transamerica High Yield Bond (A) | 3,440,753 | 34,682,788 | ||||||
Transamerica International Bond (A) | 2,260,632 | 22,380,261 | ||||||
Transamerica Money Market (A) | 3,408,896 | 3,408,896 | ||||||
Transamerica Short-Term Bond (A) | 12,480,900 | 128,927,697 | ||||||
Transamerica Total Return (A) | 22,645,408 | 247,061,399 | ||||||
Global/International Equity - 8.4% | ||||||||
Transamerica Developing Markets Equity (A) | 3,485,006 | 39,694,221 | ||||||
Transamerica Emerging Markets Equity (A) | 1,239,431 | 12,691,775 | ||||||
Transamerica International (A) | 2,371,024 | 23,520,556 | ||||||
Transamerica International Equity (A) | 723,929 | 12,024,466 | ||||||
Transamerica International Equity Opportunities (A) | 2,174,846 | 17,224,779 | ||||||
Transamerica International Small Cap (A) | 1,762,114 | 15,488,984 | ||||||
Transamerica International Value Opportunities (A) | 1,868,197 | 17,673,148 | ||||||
Transamerica Value (A) | 1,633,999 | 42,402,278 | ||||||
Inflation-Protected Securities - 3.2% | ||||||||
Transamerica Real Return TIPS (A) | 6,355,385 | 69,972,789 | ||||||
Tactical and Specialty - 13.2% | ||||||||
Transamerica Arbitrage Strategy (A) | 3,395,919 | 33,483,758 | ||||||
Transamerica Bond (A) | 8,066,984 | 89,140,175 | ||||||
Transamerica Commodity Strategy (A) (B) | 3,019,216 | 27,323,907 | ||||||
Transamerica Global Allocation (A) | 3,966,904 | 45,302,047 | ||||||
Transamerica Global Macro (A) (B) | 2,183,055 | 12,552,565 | ||||||
Transamerica Global Real Estate Securities (A) | 1,242,348 | 17,715,886 | ||||||
Transamerica Long/Short Strategy (A) (B) | 1,677,220 | 14,373,777 |
Shares | Value | |||||||
Tactical and Specialty (continued) | ||||||||
Transamerica Managed Futures Strategy (A) (B) | 4,250,065 | $ 44,795,686 | ||||||
U.S. Equity - 44.7% | ||||||||
Transamerica Capital Growth (A) | 3,911,940 | 46,278,251 | ||||||
Transamerica Diversified Equity (A) | 10,749,984 | 164,904,753 | ||||||
Transamerica Dividend Focused (A) | 11,624,060 | 127,864,658 | ||||||
Transamerica Growth (A) | 11,479,238 | 155,199,292 | ||||||
Transamerica Growth Opportunities (A) | 5,206,466 | 52,168,785 | ||||||
Transamerica Large Cap Growth (A) | 925,881 | 10,073,583 | ||||||
Transamerica Large Cap Value (A) | 14,739,604 | 190,730,476 | ||||||
Transamerica Mid Cap Value (A) | 3,322,164 | 49,500,246 | ||||||
Transamerica Select Equity (A) | 9,983,994 | 127,894,959 | ||||||
Transamerica Small Cap Growth (A) | 1,622,020 | 16,885,223 | ||||||
Transamerica Small Cap Value (A) | 2,266,803 | 25,796,213 | ||||||
Transamerica Small Company Growth Liquidating Trust (B) (C) (D) (E) (F) | 2,887 | 19,065 | ||||||
|
| |||||||
Total Investment Companies (cost $1,844,843,781) |
| 2,163,122,044 | ||||||
|
| |||||||
Principal | Value | |||||||
REPURCHASE AGREEMENT - 0.0% (G) |
| |||||||
State Street Bank & Trust Co. | $ 6,000 | 6,000 | ||||||
|
| |||||||
Total Repurchase Agreement (cost $6,000) |
| 6,000 | ||||||
|
| |||||||
Total Investment Securities |
| 2,163,128,044 | ||||||
Other Assets and Liabilities - Net | (1,787,575 | ) | ||||||
|
| |||||||
Net Assets | $ 2,161,340,469 | |||||||
|
|
NOTES TO SCHEDULE OF INVESTMENTS:
(A) | The fund invests its assets in the Class I2 shares of the affiliated series of Transamerica Funds. |
(B) | Non-income producing security. |
(C) | Restricted security. At April 30, 2013, the fund owned the respective securities which were restricted as to public resale: |
Investment Securities | Description | Acquisition Date | Cost | Value | Value as % of Net Assets | |||||||||||||
Investment Companies | Transamerica Small Company Growth Liquidating Trust | 10/26/2012 | $ | 28,869 | $ | 19,065 | 0.00 | %(J) |
(D) | Illiquid. Total aggregate market value of illiquid securities is $19,065, or less than 0.01% of the fund’s net assets. |
(E) | 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 $19,065, or less than 0.01% of the fund’s net assets. |
(F) | Investment in affiliated company of Transamerica Asset Management, Inc. |
(G) | Percentage rounds to less than 0.1%. |
(H) | Rate shown reflects the yield at April 30, 2013. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 10
Transamerica Asset Allocation - Moderate Portfolio
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
NOTES TO SCHEDULE OF INVESTMENTS (continued):
(I) | Aggregate cost for federal income tax purposes is $1,844,849,781. Aggregate gross unrealized appreciation and depreciation for all securities in which there is an excess of value over tax cost were $331,603,203 and $13,324,940, respectively. Net unrealized appreciation for tax purposes is $318,278,263. |
(J) | Percentage rounds to less than 0.01%. |
VALUATION SUMMARY: (K)
Level 1 — Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3 — Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
ASSETS | ||||||||||||||||
Investment Securities | ||||||||||||||||
Investment Companies | ||||||||||||||||
Fixed Income | $ | 660,425,743 | $ | — | $ | — | $ | 660,425,743 | ||||||||
Global/International Equity | 180,720,207 | — | — | 180,720,207 | ||||||||||||
Inflation-Protected Securities | 69,972,789 | — | — | 69,972,789 | ||||||||||||
Tactical and Specialty | 284,687,801 | — | — | 284,687,801 | ||||||||||||
U.S. Equity | 967,296,439 | — | 19,065 | 967,315,504 | ||||||||||||
Repurchase Agreement | — | 6,000 | — | 6,000 | ||||||||||||
Total Investment Securities | $ | 2,163,102,979 | $ | 6,000 | $ | 19,065 | $ | 2,163,128,044 |
(K) | Transfers between levels are considered to have occurred at the end of the reporting period. There were no transfers between Levels 1 and 2 during the period ended April 30, 2013. See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
Level 3 Rollforward - Investment Securities
Securities | Beginning Balance at October 31, 2012 | Purchases | Sales (L) | Accrued Discounts (Premiums) | Total Realized Gain (Loss) | Net Change in Unrealized Appreciation (Depreciation) (M) | Transfers into Level 3 | Transfers out of Level 3 | Ending Balance at April 30, 2013 (N) | Net Change in Unrealized Appreciation (Depreciation) on Investments Held at April 30, 2013 (M) | ||||||||||||||||||||||||||||||
Investment Companies | $ | 393,474 | $ | — | $ | (356,107 | ) | $ | — | $ | (8,499 | ) | $ | (9,803 | ) | $ | — | $ | — | $ | 19,065 | $ | (9,803 | ) |
(L) | Sales include all sales of securities, maturities, paydowns and securities tendered in a corporate action. |
(M) | Any difference between Net Change in Unrealized Appreciation (Depreciation) and Net Change in Unrealized Appreciation (Depreciation) on Investments Held at April 30, 2013 may be due to an investment no longer held or categorized as Level 3 at period end. |
(N) | Inputs used in the valuation of the Level 3 securities were not considered significant unobservable inputs. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 11
Transamerica Multi-Manager Alternative Strategies Portfolio
SCHEDULE OF INVESTMENTS
At April 30, 2013
(unaudited)
Shares | Value | |||||||
INVESTMENT COMPANIES - 99.8% | ||||||||
Alternative Investments - 5.3% | ||||||||
Transamerica MLP & Energy Income (A) | 3,000,000 | $ 30,000,000 | ||||||
Fixed Income - 20.1% | ||||||||
Transamerica Emerging Markets Debt (A) | 3,637,952 | 42,745,940 | ||||||
Transamerica Money Market (A) | 1,721,131 | 1,721,131 | ||||||
Transamerica Short-Term Bond (A) | 6,685,428 | 69,060,467 | ||||||
Global/International Equity - 5.4% | ||||||||
Transamerica Developing Markets Equity (A) | 497,202 | 5,663,126 | ||||||
Transamerica International Equity (A) | 485,860 | 8,070,141 | ||||||
Transamerica International Small Cap (A) | 1,890,335 | 16,616,047 | ||||||
Tactical and Specialty - 69.0% | ||||||||
Transamerica Arbitrage Strategy (A) | 2,030,511 | 20,020,837 | ||||||
Transamerica Bond (A) | 5,863,920 | 64,796,321 | ||||||
Transamerica Commodity Strategy (A) (B) | 2,347,789 | 21,247,493 |
Shares | Value | |||||||
Tactical and Specialty (continued) | ||||||||
Transamerica Global Macro (A) (B) | 10,880,469 | $ 62,562,697 | ||||||
Transamerica Global Real Estate Securities (A) | 3,670,522 | 52,341,643 | ||||||
Transamerica Long/Short Strategy (A) (B) | 10,962,626 | 93,949,701 | ||||||
Transamerica Managed Futures Strategy (A) (B) | 7,130,512 | 75,155,593 | ||||||
|
| |||||||
Total Investment Companies (cost $538,108,943) |
| 563,951,137 | ||||||
|
| |||||||
Total Investment Securities (cost $538,108,943) (C) |
| 563,951,137 | ||||||
Other Assets and Liabilities - Net | 920,177 | |||||||
|
| |||||||
Net Assets | $ 564,871,314 | |||||||
|
|
NOTES TO SCHEDULE OF INVESTMENTS:
(A) | The fund invests its assets in the Class I2 shares of the affiliated series of Transamerica Funds. |
(B) | Non-income producing security. |
(C) | Aggregate cost for federal income tax purposes is $538,108,943. Aggregate gross unrealized appreciation and depreciation for all securities in which there is an excess of value over tax cost were $27,360,543 and $1,518,349, respectively. Net unrealized appreciation for tax purposes is $25,842,194. |
VALUATION SUMMARY: (D)
Level 1 — Quoted Prices | Level 2 — Other Significant Observable Inputs | Level 3 — Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
ASSETS | ||||||||||||||||
Investment Securities | ||||||||||||||||
Investment Companies | $ | 563,951,137 | $ | — | $ | — | $ | 563,951,137 | ||||||||
Total Investment Securities | $ | 563,951,137 | $ | — | $ | — | $ | 563,951,137 | ||||||||
Level 1 — Quoted Prices | Level 2 — Other Significant Observable Inputs | Level 3 — Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
Other Assets (E) | ||||||||||||||||
Cash | $ | 501 | $ | — | $ | — | $ | 501 | ||||||||
Total Other Assets | $ | 501 | $ | — | $ | — | $ | 501 |
(D) | Transfers between levels are considered to have occurred at the end of the reporting period. There were no transfers between Levels 1 and 2 during the period ended April 30, 2013. See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
(E) | Certain assets and liabilities are held at carrying amount or face value, which approximates fair value for financial reporting purposes. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 12
Transamerica Multi-Manager International Portfolio
SCHEDULE OF INVESTMENTS
At April 30, 2013
(unaudited)
Shares | Value | |||||||
INVESTMENT COMPANIES - 100.2% | ||||||||
Global/International Equity - 95.8% | ||||||||
Transamerica Developing Markets Equity (A) | 2,878,083 | $ 32,781,365 | ||||||
Transamerica Emerging Markets Equity (A) | 1,027,881 | 10,525,500 | ||||||
Transamerica International (A) | 4,363,792 | 43,288,821 | ||||||
Transamerica International Equity (A) | 2,493,783 | 41,421,733 | ||||||
Transamerica International Equity Opportunities (A) | 3,247,051 | 25,716,647 | ||||||
Transamerica International Small Cap (A) | 1,723,944 | 15,153,469 | ||||||
Transamerica International Small Cap Value (A) | 652,932 | 7,162,662 | ||||||
Transamerica International Value Opportunities (A) | 3,401,974 | 32,182,672 |
Shares | Value | |||||||
Tactical and Specialty - 4.4% | ||||||||
Transamerica Global Real Estate Securities (A) | 668,240 | $ 9,529,109 | ||||||
|
| |||||||
Total Investment Companies (cost $201,785,883) |
| 217,761,978 | ||||||
|
| |||||||
Total Investment Securities (cost $201,785,883) (B) |
| 217,761,978 | ||||||
Other Assets and Liabilities - Net | (421,940 | ) | ||||||
|
| |||||||
Net Assets | $ 217,340,038 | |||||||
|
|
NOTES TO SCHEDULE OF INVESTMENTS:
(A) | The fund invests its assets in the Class I2 shares of the affiliated series of Transamerica Funds. |
(B) | Aggregate cost for federal income tax purposes is $201,785,883. Aggregate gross unrealized appreciation and depreciation for all securities in which there is an excess of value over tax cost were $16,310,565 and $334,470, respectively. Net unrealized appreciation for tax purposes is $15,976,095. |
VALUATION SUMMARY: (C)
Level 1 — Quoted Prices | Level 2 — Other Significant Observable Inputs | Level 3 — Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
ASSETS | ||||||||||||||||
Investment Securities | ||||||||||||||||
Investment Companies | $ | 217,761,978 | $ | — | $ | — | $ | 217,761,978 | ||||||||
Total Investment Securities | $ | 217,761,978 | $ | — | $ | — | $ | 217,761,978 |
(C) | Transfers between levels are considered to have occurred at the end of the reporting period. There were no transfers between Levels 1 and 2 during the period ended April 30, 2013. 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 2013 |
Page 13
STATEMENTS OF ASSETS AND LIABILITIES
At April 30, 2013
(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 | $ | 1,175,905,163 | $ | 1,437,746,287 | $ | 2,944,344,737 | $ | 2,163,122,044 | $ | 563,951,137 | $ | 217,761,978 | ||||||||||||
Repurchase agreements, at value | — | — | — | 6,000 | — | — | ||||||||||||||||||
Cash | — | — | — | — | 501 | — | ||||||||||||||||||
Receivables: | ||||||||||||||||||||||||
Shares of beneficial interest sold | 2,159,921 | 1,616,666 | 2,041,944 | 2,132,047 | 4,046,404 | 72,419 | ||||||||||||||||||
Affiliated investment securities sold | 3,666 | 308,399 | 1,330,418 | 708,202 | 30,000,000 | 99,179 | ||||||||||||||||||
Dividends | 22,313 | — | 17 | 32,798 | 20,884 | — | ||||||||||||||||||
Prepaid expenses | 4,104 | 5,151 | 10,467 | 7,653 | 1,986 | 812 | ||||||||||||||||||
Total assets | 1,178,095,167 | 1,439,676,503 | 2,947,727,583 | 2,166,008,744 | 598,020,912 | 217,934,388 | ||||||||||||||||||
Liabilities: | ||||||||||||||||||||||||
Due to custodian | 4,276 | — | 8,561 | — | — | — | ||||||||||||||||||
Accounts payable and accrued liabilities: | ||||||||||||||||||||||||
Shares of beneficial interest redeemed | 2,898,206 | 2,707,247 | 5,242,681 | 2,849,389 | 1,063,679 | 404,496 | ||||||||||||||||||
Affiliated investment securities purchased | — | — | — | — | 31,720,726 | — | ||||||||||||||||||
Management and advisory fees | 105,670 | 127,876 | 262,665 | 193,478 | 99,634 | 18,117 | ||||||||||||||||||
Distribution and service fees | 717,683 | 858,421 | 1,808,542 | 1,333,177 | 190,814 | 111,904 | ||||||||||||||||||
Transfer agent fees | 85,247 | 210,464 | 299,715 | 174,756 | 38,029 | 35,261 | ||||||||||||||||||
Trustees fees | 2,898 | 3,371 | 6,958 | 5,160 | 1,104 | 544 | ||||||||||||||||||
Administration fees | 18,492 | 22,378 | 45,966 | 33,859 | 8,760 | 3,382 | ||||||||||||||||||
Other | 52,818 | 57,309 | 99,713 | 78,456 | 26,852 | 20,646 | ||||||||||||||||||
Total liabilities | 3,885,290 | 3,987,066 | 7,774,801 | 4,668,275 | 33,149,598 | 594,350 | ||||||||||||||||||
Net assets | $ | 1,174,209,877 | $ | 1,435,689,437 | $ | 2,939,952,782 | $ | 2,161,340,469 | $ | 564,871,314 | $ | 217,340,038 | ||||||||||||
Net assets consist of: | ||||||||||||||||||||||||
Shares of beneficial interest, unlimited shares authorized, no par value | $ | 1,025,768,796 | $ | 1,261,080,610 | $ | 2,567,305,961 | $ | 1,833,273,464 | $ | 554,177,149 | $ | 299,090,538 | ||||||||||||
Undistributed (accumulated) net investment income (loss) | 373,224 | (2,486,827 | ) | (1,795,971 | ) | 1,962,316 | 639,189 | (668,127 | ) | |||||||||||||||
Undistributed (accumulated) net realized gain (loss) from investments in affiliated investment companies | 18,355,735 | (131,901,909 | ) | (151,792,930 | ) | 7,826,426 | (15,787,218 | ) | (97,058,468 | ) | ||||||||||||||
Net unrealized appreciation on investments in affiliated investment companies | 129,712,122 | 308,997,563 | 526,235,722 | 318,278,263 | 25,842,194 | 15,976,095 | ||||||||||||||||||
Net assets | $ | 1,174,209,877 | $ | 1,435,689,437 | $ | 2,939,952,782 | $ | 2,161,340,469 | $ | 564,871,314 | $ | 217,340,038 | ||||||||||||
Net assets by class: | ||||||||||||||||||||||||
Class A | $ | 492,616,856 | $ | 647,433,529 | $ | 1,247,410,335 | $ | 901,052,060 | $ | 211,091,893 | $ | 84,664,645 | ||||||||||||
Class B | 59,798,234 | 101,399,756 | 199,454,301 | 106,395,723 | — | 9,622,126 | ||||||||||||||||||
Class C | 589,470,944 | 666,033,044 | 1,446,684,200 | 1,110,393,088 | 150,531,955 | 90,514,661 | ||||||||||||||||||
Class I | 29,616,436 | 19,004,774 | 40,719,342 | 38,584,913 | 203,247,466 | 32,538,606 | ||||||||||||||||||
Class R | 2,707,407 | 1,818,334 | 5,684,604 | 4,914,685 | — | — | ||||||||||||||||||
Shares outstanding: | ||||||||||||||||||||||||
Class A | 40,553,006 | 46,765,597 | 92,980,226 | 69,389,319 | 20,625,246 | 8,341,244 | ||||||||||||||||||
Class B | 4,948,799 | 7,466,214 | 14,820,527 | 8,150,775 | — | 950,467 | ||||||||||||||||||
Class C | 48,876,641 | 49,178,456 | 108,179,005 | 85,865,293 | 14,804,992 | 8,956,960 | ||||||||||||||||||
Class I | 2,432,930 | 1,372,949 | 3,037,588 | 2,973,465 | 19,851,994 | 3,213,843 | ||||||||||||||||||
Class R | 221,376 | 132,044 | 425,388 | 379,962 | — | — | ||||||||||||||||||
Net asset value per share: | ||||||||||||||||||||||||
Class A | $ | 12.15 | $ | 13.84 | $ | 13.42 | $ | 12.99 | $ | 10.23 | $ | 10.15 | ||||||||||||
Class B | 12.08 | 13.58 | 13.46 | 13.05 | — | 10.12 | ||||||||||||||||||
Class C | 12.06 | 13.54 | 13.37 | 12.93 | 10.17 | 10.11 | ||||||||||||||||||
Class I | 12.17 | 13.84 | 13.41 | 12.98 | 10.24 | 10.12 | ||||||||||||||||||
Class R | 12.23 | 13.77 | 13.36 | 12.93 | — | — | ||||||||||||||||||
Maximum offering price per share: (A) | ||||||||||||||||||||||||
Class A | $ | 12.86 | $ | 14.65 | $ | 14.20 | $ | 13.75 | $ | 10.83 | $ | 10.74 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Investments in affiliated investment companies, at cost | $ | 1,046,193,041 | $ | 1,128,748,724 | $ | 2,418,109,015 | $ | 1,844,843,781 | $ | 538,108,943 | $ | 201,785,883 | ||||||||||||
Repurchase agreements, at cost | — | — | — | 6,000 | — | — |
(A) | 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 2013 |
Page 14
STATEMENTS OF OPERATIONS
For the period ended April 30, 2013
(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 | $ | 22,033,308 | $ | 19,846,896 | $ | 46,497,631 | $ | 35,546,134 | $ | 9,281,470 | $ | 3,731,135 | ||||||||||||
Expenses: | ||||||||||||||||||||||||
Management and advisory | 582,692 | 686,105 | 1,416,789 | 1,045,933 | 516,474 | 107,475 | ||||||||||||||||||
Distribution and service: | ||||||||||||||||||||||||
Class A | 741,909 | 920,265 | 1,795,935 | 1,307,153 | 282,356 | 126,046 | ||||||||||||||||||
Class B | 309,756 | 513,141 | 1,015,913 | 545,616 | — | 48,356 | ||||||||||||||||||
Class C | 2,897,097 | 3,182,869 | 6,954,189 | 5,348,050 | 722,635 | 453,681 | ||||||||||||||||||
Class R | 6,942 | 4,249 | 12,617 | 11,905 | — | — | ||||||||||||||||||
Transfer agent: | ||||||||||||||||||||||||
Class A | 303,031 | 539,072 | 802,365 | 500,755 | 117,687 | 80,047 | ||||||||||||||||||
Class B | 43,465 | 127,326 | 203,422 | 115,119 | — | 18,599 | ||||||||||||||||||
Class C | 221,963 | 503,137 | 821,809 | 470,576 | 114,821 | 103,846 | ||||||||||||||||||
Class I | 13,816 | 9,450 | 19,528 | 19,298 | 97,738 | 16,219 | ||||||||||||||||||
Class R | 2,222 | 1,551 | 3,123 | 2,492 | — | — | ||||||||||||||||||
Printing and shareholder reports | 103,742 | 150,534 | 365,555 | 226,868 | 114,717 | 32,958 | ||||||||||||||||||
Custody | 25,140 | 25,105 | 44,278 | 36,191 | 9,382 | 5,430 | ||||||||||||||||||
Administration | 101,971 | 120,068 | 247,938 | 183,038 | 45,291 | 18,808 | ||||||||||||||||||
Legal | 16,905 | 19,700 | 40,775 | 30,316 | 7,050 | 3,148 | ||||||||||||||||||
Audit and tax | 8,266 | 8,465 | 9,407 | 8,862 | 8,202 | 8,202 | ||||||||||||||||||
Trustees | 10,479 | 12,326 | 25,413 | 18,767 | 4,507 | 1,950 | ||||||||||||||||||
Registration | 83,427 | 87,201 | 101,778 | 97,021 | 53,695 | 54,280 | ||||||||||||||||||
Other | 10,413 | 11,983 | 21,954 | 16,871 | 5,110 | 3,025 | ||||||||||||||||||
Total expenses | 5,483,236 | 6,922,547 | 13,902,788 | 9,984,831 | 2,099,665 | 1,082,070 | ||||||||||||||||||
Class expense recaptured or (reimbursed)/(waived): | ||||||||||||||||||||||||
Class B | — | — | — | — | — | (7,406 | ) | |||||||||||||||||
Total expenses reimbursed/waived | — | — | — | — | — | (7,406 | ) | |||||||||||||||||
Net expenses | 5,483,236 | 6,922,547 | 13,902,788 | 9,984,831 | 2,099,665 | 1,074,664 | ||||||||||||||||||
Net investment income | 16,550,072 | 12,924,349 | 32,594,843 | 25,561,303 | 7,181,805 | 2,656,471 | ||||||||||||||||||
Net realized and change in unrealized gain (loss) on investments in affiliated investment companies: | ||||||||||||||||||||||||
Realized gain (loss) from investments in affiliated investment companies | 10,878,006 | 40,630,063 | 44,403,872 | 16,564,791 | (6,162,774 | ) | (557,299 | ) | ||||||||||||||||
Realized gain distributions from investments in affiliated investment companies | 13,307,212 | 31,504,156 | 51,820,447 | 31,917,782 | 1,364,777 | 4,460,562 | ||||||||||||||||||
Net realized gain (loss) | 24,185,218 | 72,134,219 | 96,224,319 | 48,482,573 | (4,797,997 | ) | 3,903,263 | |||||||||||||||||
Net change in unrealized appreciation (depreciation) on investments in affiliated investment companies | 21,763,655 | 84,244,699 | 154,608,223 | 87,521,087 | 23,993,365 | 16,023,732 | ||||||||||||||||||
Net realized and change in unrealized gain on investments in affiliated investment companies | 45,948,873 | 156,378,918 | 250,832,542 | 136,003,660 | 19,195,368 | 19,926,995 | ||||||||||||||||||
Net increase in net assets resulting from operations | $ | 62,498,945 | $ | 169,303,267 | $ | 283,427,385 | $ | 161,564,963 | $ | 26,377,173 | $ | 22,583,466 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 15
STATEMENTS OF CHANGES IN NET ASSETS
For the period and year ended:
Transamerica Asset Allocation - Conservative Portfolio | Transamerica Asset Allocation - Growth Portfolio | Transamerica Asset Allocation - Moderate Growth Portfolio | ||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | April 30, 2013 (unaudited) | October 31, 2012 | April 30, 2013 (unaudited) | October 31, 2012 | |||||||||||||||||||
From operations: | ||||||||||||||||||||||||
Net investment income | $ | 16,550,072 | $ | 23,978,047 | $ | 12,924,349 | $ | 2,871,755 | $ | 32,594,843 | $ | 26,951,333 | ||||||||||||
Net realized gain from investments in affiliated investment companies | 24,185,218 | 29,214,167 | 72,134,219 | 49,394,856 | 96,224,319 | 83,491,073 | ||||||||||||||||||
Net change in unrealized appreciation (depreciation) on investments in affiliated investment companies | 21,763,655 | 28,221,822 | 84,244,699 | 63,300,632 | 154,608,223 | 113,225,779 | ||||||||||||||||||
Net increase in net assets resulting from operations | 62,498,945 | 81,414,036 | 169,303,267 | 115,567,243 | 283,427,385 | 223,668,185 | ||||||||||||||||||
Distributions to shareholders: | ||||||||||||||||||||||||
From net investment income: | ||||||||||||||||||||||||
Class A | (7,983,974 | ) | (11,562,149 | ) | (6,676,923 | ) | (6,829,991 | ) | (20,502,073 | ) | (16,912,213 | ) | ||||||||||||
Class B | (784,510 | ) | (1,278,729 | ) | (252,676 | ) | (369,215 | ) | (1,743,926 | ) | (1,425,070 | ) | ||||||||||||
Class C | (7,471,095 | ) | (10,475,698 | ) | (2,834,256 | ) | (3,103,458 | ) | (14,453,079 | ) | (10,879,679 | ) | ||||||||||||
Class I | (449,647 | ) | (474,796 | ) | (261,662 | ) | (225,278 | ) | (750,571 | ) | (422,389 | ) | ||||||||||||
Class R | (47,595 | ) | (47,615 | ) | (13,135 | ) | (28,446 | ) | (78,630 | ) | (63,798 | ) | ||||||||||||
(16,736,821 | ) | (23,838,987 | ) | (10,038,652 | ) | (10,556,388 | ) | (37,528,279 | ) | (29,703,149 | ) | |||||||||||||
From net realized gains: | ||||||||||||||||||||||||
Class A | (1,780,439 | ) | — | — | — | — | — | |||||||||||||||||
Class B | (228,134 | ) | — | — | — | — | — | |||||||||||||||||
Class C | (2,093,689 | ) | — | — | — | — | — | |||||||||||||||||
Class I | (87,623 | ) | — | — | — | — | — | |||||||||||||||||
Class R | (11,473 | ) | — | — | — | — | — | |||||||||||||||||
(4,201,358 | ) | — | — | — | — | — | ||||||||||||||||||
Total distributions to shareholders | (20,938,179 | ) | (23,838,987 | ) | (10,038,652 | ) | (10,556,388 | ) | (37,528,279 | ) | (29,703,149 | ) | ||||||||||||
Capital share transactions: | ||||||||||||||||||||||||
Proceeds from shares sold: | ||||||||||||||||||||||||
Class A | 52,128,753 | 90,434,971 | 37,872,115 | 61,006,355 | 74,753,650 | 113,424,788 | ||||||||||||||||||
Class B | 1,206,031 | 3,680,905 | 1,357,644 | 2,794,217 | 2,150,333 | 4,090,968 | ||||||||||||||||||
Class C | 40,420,514 | 88,716,149 | 31,602,588 | 49,555,819 | 67,868,721 | 121,871,564 | ||||||||||||||||||
Class I | 8,031,932 | 13,491,644 | 4,353,701 | 7,879,868 | 9,772,137 | 17,355,127 | ||||||||||||||||||
Class R | 1,142,218 | 1,719,310 | 318,154 | 591,994 | 1,241,680 | 2,032,412 | ||||||||||||||||||
102,929,448 | 198,042,979 | 75,504,202 | 121,828,253 | 155,786,521 | 258,774,859 | |||||||||||||||||||
Dividends and distributions reinvested: | ||||||||||||||||||||||||
Class A | 9,298,642 | 10,842,329 | 6,440,691 | 6,504,505 | 19,620,838 | 16,008,560 | ||||||||||||||||||
Class B | 845,281 | 1,043,351 | 238,114 | 341,774 | 1,660,391 | 1,327,043 | ||||||||||||||||||
Class C | 7,693,050 | 8,162,157 | 2,457,504 | 2,625,163 | 12,193,074 | 8,888,570 | ||||||||||||||||||
Class I | 385,967 | 298,421 | 196,618 | 149,548 | 588,056 | 270,136 | ||||||||||||||||||
Class R | 46,253 | 36,408 | 12,453 | 23,908 | 70,645 | 52,760 | ||||||||||||||||||
18,269,193 | 20,382,666 | 9,345,380 | 9,644,898 | 34,133,004 | 26,547,069 | |||||||||||||||||||
Cost of shares redeemed: | ||||||||||||||||||||||||
Class A | (83,329,071 | ) | (129,089,709 | ) | (72,591,132 | ) | (144,551,586 | ) | (137,442,008 | ) | (261,039,760 | ) | ||||||||||||
Class B | (8,557,913 | ) | (13,890,678 | ) | (14,923,347 | ) | (24,640,324 | ) | (28,519,366 | ) | (45,905,855 | ) | ||||||||||||
Class C | (63,569,369 | ) | (119,270,765 | ) | (71,917,913 | ) | (154,675,795 | ) | (135,471,365 | ) | (314,988,064 | ) | ||||||||||||
Class I | (4,090,587 | ) | (5,496,899 | ) | (4,799,675 | ) | (6,627,803 | ) | (6,930,724 | ) | (8,631,969 | ) | ||||||||||||
Class R | (1,165,089 | ) | (1,710,759 | ) | (372,204 | ) | (2,904,575 | ) | (1,023,997 | ) | (2,767,386 | ) | ||||||||||||
(160,712,029 | ) | (269,458,810 | ) | (164,604,271 | ) | (333,400,083 | ) | (309,387,460 | ) | (633,333,034 | ) | |||||||||||||
Automatic conversions: | ||||||||||||||||||||||||
Class A | 1,421,907 | 9,441,977 | 4,059,338 | 22,304,826 | 7,034,427 | 47,512,215 | ||||||||||||||||||
Class B | (1,421,907 | ) | (9,441,977 | ) | (4,059,338 | ) | (22,304,826 | ) | (7,034,427 | ) | (47,512,215 | ) | ||||||||||||
— | — | — | — | — | — | |||||||||||||||||||
Net decrease in net assets resulting from capital shares transactions | ||||||||||||||||||||||||
(39,513,388 | ) | (51,033,165 | ) | (79,754,689 | ) | (201,926,932 | ) | (119,467,935 | ) | (348,011,106 | ) | |||||||||||||
|
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|
| |||||||||||||
Net increase (decrease) in net assets | 2,047,378 | 6,541,884 | 79,509,926 | (96,916,077 | ) | 126,431,171 | (154,046,070 | ) | ||||||||||||||||
Net assets: | ||||||||||||||||||||||||
Beginning of period | 1,172,162,499 | 1,165,620,615 | 1,356,179,511 | 1,453,095,588 | 2,813,521,611 | 2,967,567,681 | ||||||||||||||||||
End of period | $ | 1,174,209,877 | $ | 1,172,162,499 | $ | 1,435,689,437 | $ | 1,356,179,511 | $ | 2,939,952,782 | $ | 2,813,521,611 | ||||||||||||
Undistributed (accumulated) net investment income (loss) | $ | 373,224 | $ | 559,973 | $ | (2,486,827 | ) | $ | (5,372,525 | ) | $ | (1,795,971 | ) | $ | 3,137,465 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 16
STATEMENTS OF CHANGES IN NET ASSETS (continued)
For the period and year ended:
Transamerica Asset Allocation - Conservative Portfolio | Transamerica Asset Allocation - Growth Portfolio | Transamerica Asset Allocation - Moderate Growth Portfolio | ||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | April 30, 2013 (unaudited) | October 31, 2012 | April 30, 2013 (unaudited) | October 31, 2012 | |||||||||||||||||||
Share activity: | ||||||||||||||||||||||||
Shares issued: | ||||||||||||||||||||||||
Class A | 4,401,419 | 7,916,217 | 2,904,146 | 5,107,096 | 5,839,978 | 9,484,797 | ||||||||||||||||||
Class B | 102,782 | 325,182 | 106,745 | 239,708 | 168,595 | 343,224 | ||||||||||||||||||
Class C | 3,435,464 | 7,848,826 | 2,466,054 | 4,238,207 | 5,321,124 | 10,259,417 | ||||||||||||||||||
Class I | 676,694 | 1,172,881 | 338,282 | 657,273 | 768,161 | 1,441,256 | ||||||||||||||||||
Class R | 95,842 | 147,665 | 24,294 | 50,118 | 95,203 | 171,537 | ||||||||||||||||||
8,712,201 | 17,410,771 | 5,839,521 | 10,292,402 | 12,193,061 | 21,700,231 | |||||||||||||||||||
Shares issued-reinvested from dividends and distributions: | ||||||||||||||||||||||||
Class A | 794,549 | 973,487 | 515,668 | 608,466 | 1,590,019 | 1,471,372 | ||||||||||||||||||
Class B | 72,691 | 94,705 | 19,390 | 32,550 | 133,795 | 121,413 | ||||||||||||||||||
Class C | 662,497 | 740,538 | 200,613 | 250,493 | 988,895 | 817,716 | ||||||||||||||||||
Class I | 32,874 | 26,479 | 15,768 | 14,016 | 47,770 | 24,874 | ||||||||||||||||||
Class R | 3,930 | 3,247 | 1,001 | 2,251 | 5,744 | 4,868 | ||||||||||||||||||
1,566,541 | 1,838,456 | 752,440 | 907,776 | 2,766,223 | 2,440,243 | |||||||||||||||||||
Shares redeemed: | ||||||||||||||||||||||||
Class A | (7,008,814 | ) | (11,288,923 | ) | (5,608,923 | ) | (12,097,748 | ) | (10,775,717 | ) | (21,897,734 | ) | ||||||||||||
Class B | (725,442 | ) | (1,226,971 | ) | (1,172,062 | ) | (2,105,107 | ) | (2,227,927 | ) | (3,844,300 | ) | ||||||||||||
Class C | (5,400,592 | ) | (10,523,600 | ) | (5,672,268 | ) | (13,259,118 | ) | (10,665,950 | ) | (26,547,447 | ) | ||||||||||||
Class I | (343,920 | ) | (479,039 | ) | (370,863 | ) | (551,598 | ) | (541,850 | ) | (724,096 | ) | ||||||||||||
Class R | (97,617 | ) | (147,467 | ) | (28,615 | ) | (243,631 | ) | (79,823 | ) | (233,746 | ) | ||||||||||||
(13,576,385 | ) | (23,666,000 | ) | (12,852,731 | ) | (28,257,202 | ) | (24,291,267 | ) | (53,247,323 | ) | |||||||||||||
Automatic conversions: | ||||||||||||||||||||||||
Class A | 120,123 | 830,466 | 311,818 | 1,875,598 | 553,224 | 4,002,146 | ||||||||||||||||||
Class B | (120,772 | ) | (834,845 | ) | (318,158 | ) | (1,915,819 | ) | (552,336 | ) | (4,001,375 | ) | ||||||||||||
(649 | ) | (4,379 | ) | (6,340 | ) | (40,221 | ) | 888 | 771 | |||||||||||||||
Net increase (decrease) in shares outstanding: | ||||||||||||||||||||||||
Class A | (1,692,723 | ) | (1,568,753 | ) | (1,877,291 | ) | (4,506,588 | ) | (2,792,496 | ) | (6,939,419 | ) | ||||||||||||
Class B | (670,741 | ) | (1,641,929 | ) | (1,364,085 | ) | (3,748,668 | ) | (2,477,873 | ) | (7,381,038 | ) | ||||||||||||
Class C | (1,302,631 | ) | (1,934,236 | ) | (3,005,601 | ) | (8,770,418 | ) | (4,355,931 | ) | (15,470,314 | ) | ||||||||||||
Class I | 365,648 | 720,321 | (16,813 | ) | 119,691 | 274,081 | 742,034 | |||||||||||||||||
Class R | 2,155 | 3,445 | (3,320 | ) | (191,262 | ) | 21,124 | (57,341 | ) | |||||||||||||||
(3,298,292 | ) | (4,421,152 | ) | (6,267,110 | ) | (17,097,245 | ) | (9,331,095 | ) | (29,106,078 | ) |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 17
STATEMENTS OF CHANGES IN NET ASSETS (continued)
For the period and year ended:
Transamerica Asset Allocation - Moderate Portfolio | Transamerica Multi-Manager Alternative Strategies Portfolio | Transamerica Multi-Manager International Portfolio | ||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | April 30, 2013 (unaudited) | October 31, 2012 | April 30, 2013 (unaudited) | October 31, 2012 | |||||||||||||||||||
From operations: | ||||||||||||||||||||||||
Net investment income | $ | 25,561,303 | $ | 33,248,619 | $ | 7,181,805 | $ | 9,221,047 | $ | 2,656,471 | $ | 3,515,690 | ||||||||||||
Net realized gain (loss) from investments in affiliated investment companies | 48,482,573 | 64,688,879 | (4,797,997 | ) | (919,948 | ) | 3,903,263 | (6,761,746 | ) | |||||||||||||||
Net change in unrealized appreciation (depreciation) on investments in affiliated investment companies | 87,521,087 | 56,230,392 | 23,993,365 | 13,546,714 | 16,023,732 | 11,888,788 | ||||||||||||||||||
Net increase in net assets resulting from operations | 161,564,963 | 154,167,890 | 26,377,173 | 21,847,813 | 22,583,466 | 8,642,732 | ||||||||||||||||||
Distributions to shareholders: | ||||||||||||||||||||||||
From net investment income: | ||||||||||||||||||||||||
Class A | (18,056,123 | ) | (17,705,148 | ) | (3,457,203 | ) | (3,927,564 | ) | (850,005 | ) | (3,129,095 | ) | ||||||||||||
Class B | (1,323,522 | ) | (1,545,909 | ) | — | — | (18,249 | ) | (240,789 | ) | ||||||||||||||
Class C | (15,176,949 | ) | (14,760,116 | ) | (1,781,814 | ) | (2,403,229 | ) | (272,364 | ) | (2,299,476 | ) | ||||||||||||
Class I | (879,053 | ) | (617,860 | ) | (4,098,091 | ) | (3,397,670 | ) | (453,501 | ) | (853,157 | ) | ||||||||||||
Class R | (87,075 | ) | (82,664 | ) | — | — | — | — | ||||||||||||||||
(35,522,722 | ) | (34,711,697 | ) | (9,337,108 | ) | (9,728,463 | ) | (1,594,119 | ) | (6,522,517 | ) | |||||||||||||
Total distributions to shareholders | (35,522,722 | ) | (34,711,697 | ) | (9,337,108 | ) | (9,728,463 | ) | (1,594,119 | ) | (6,522,517 | ) | ||||||||||||
Capital share transactions: | ||||||||||||||||||||||||
Proceeds from shares sold: | ||||||||||||||||||||||||
Class A | 65,588,350 | 112,834,972 | 57,085,113 | 79,008,585 | 7,325,780 | 13,296,736 | ||||||||||||||||||
Class B | 1,508,549 | 2,780,737 | — | — | 86,018 | 207,812 | ||||||||||||||||||
Class C | 65,929,545 | 126,028,685 | 19,208,532 | 31,435,817 | 2,460,320 | 5,925,186 | ||||||||||||||||||
Class I | 7,776,954 | 17,785,360 | 51,378,938 | 109,256,646 | 5,580,190 | 15,564,327 | ||||||||||||||||||
Class R | 752,816 | 2,805,682 | — | — | — | — | ||||||||||||||||||
141,556,214 | 262,235,436 | 127,672,583 | 219,701,048 | 15,452,308 | 34,994,061 | |||||||||||||||||||
Dividends and distributions reinvested: | ||||||||||||||||||||||||
Class A | 17,136,926 | 16,590,498 | 3,216,996 | 3,361,610 | 792,546 | 2,855,626 | ||||||||||||||||||
Class B | 1,235,319 | 1,399,905 | — | — | 16,177 | 208,985 | ||||||||||||||||||
Class C | 12,492,438 | 11,684,903 | 1,558,515 | 2,025,883 | 214,910 | 1,783,550 | ||||||||||||||||||
Class I | 685,578 | 402,529 | 2,754,700 | 2,236,290 | 249,056 | 314,930 | ||||||||||||||||||
Class R | 73,933 | 53,930 | — | — | — | — | ||||||||||||||||||
31,624,194 | 30,131,765 | 7,530,211 | 7,623,783 | 1,272,689 | 5,163,091 | |||||||||||||||||||
Cost of shares redeemed: | ||||||||||||||||||||||||
Class A | (102,473,353 | ) | (215,866,716 | ) | (32,253,558 | ) | (81,244,896 | ) | (18,433,974 | ) | (48,777,079 | ) | ||||||||||||
Class B | (15,440,001 | ) | (23,055,277 | ) | — | — | (1,195,512 | ) | (3,559,823 | ) | ||||||||||||||
Class C | (102,939,159 | ) | (217,870,232 | ) | (18,107,497 | ) | (35,618,002 | ) | (13,264,758 | ) | (34,617,726 | ) | ||||||||||||
Class I | (8,537,830 | ) | (9,692,008 | ) | (32,112,004 | ) | (60,924,668 | ) | (4,661,435 | ) | (16,189,949 | ) | ||||||||||||
Class R | (1,150,479 | ) | (3,477,222 | ) | — | — | — | — | ||||||||||||||||
(230,540,822 | ) | (469,961,455 | ) | (82,473,059 | ) | (177,787,566 | ) | (37,555,679 | ) | (103,144,577 | ) | |||||||||||||
Automatic conversions: | ||||||||||||||||||||||||
Class A | 3,359,730 | 25,725,170 | — | — | 114,411 | 475,994 | ||||||||||||||||||
Class B | (3,359,730 | ) | (25,725,170 | ) | — | — | (114,411 | ) | (475,994 | ) | ||||||||||||||
— | — | — | — | — | — | |||||||||||||||||||
Net increase (decrease) in net assets resulting from capital shares transactions | ||||||||||||||||||||||||
(57,360,414 | ) | (177,594,254 | ) | 52,729,735 | 49,537,265 | (20,830,682 | ) | (62,987,425 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net increase (decrease) in net assets | 68,681,827 | (58,138,061 | ) | 69,769,800 | 61,656,615 | 158,665 | (60,867,210 | ) | ||||||||||||||||
Net assets: | ||||||||||||||||||||||||
Beginning of period | 2,092,658,642 | 2,150,796,703 | 495,101,514 | 433,444,899 | 217,181,373 | 278,048,583 | ||||||||||||||||||
End of period | $ | 2,161,340,469 | $ | 2,092,658,642 | $ | 564,871,314 | $ | 495,101,514 | $ | 217,340,038 | $ | 217,181,373 | ||||||||||||
Undistributed (accumulated) net investment income (loss) | $ | 1,962,316 | $ | 11,923,735 | $ | 639,189 | $ | 2,794,492 | $ | (668,127 | ) | $ | (1,730,479 | ) | ||||||||||
Share activity: | ||||||||||||||||||||||||
Shares issued: | ||||||||||||||||||||||||
Class A | 5,239,187 | 9,514,256 | 5,693,680 | 8,164,076 | 747,408 | 1,489,198 | ||||||||||||||||||
Class B | 120,053 | 234,866 | — | — | 8,897 | 23,577 | ||||||||||||||||||
Class C | 5,284,572 | 10,684,797 | 1,927,837 | 3,260,642 | 253,446 | 678,076 | ||||||||||||||||||
Class I | 622,431 | 1,496,497 | 5,126,325 | 11,313,683 | 584,729 | 1,729,711 | ||||||||||||||||||
Class R | 60,239 | 237,173 | — | — | — | — | ||||||||||||||||||
11,326,482 | 22,167,589 | 12,747,842 | 22,738,401 | 1,594,480 | 3,920,562 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 18
STATEMENTS OF CHANGES IN NET ASSETS (continued)
For the period and year ended:
Transamerica Asset Allocation - Moderate Portfolio | Transamerica Multi-Manager Alternative Strategies Portfolio | Transamerica Multi-Manager International Portfolio | ||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | April 30, 2013 (unaudited) | October 31, 2012 | April 30, 2013 (unaudited) | October 31, 2012 | |||||||||||||||||||
Shares issued-reinvested from dividends and distributions: | ||||||||||||||||||||||||
Class A | 1,408,129 | 1,506,857 | 325,607 | 364,996 | 83,076 | 357,401 | ||||||||||||||||||
Class B | 100,677 | 126,345 | — | — | 1,697 | 26,156 | ||||||||||||||||||
Class C | 1,028,184 | 1,063,230 | 158,386 | 220,685 | 22,574 | 223,502 | ||||||||||||||||||
Class I | 56,426 | 36,627 | 279,098 | 243,075 | 26,216 | 39,514 | ||||||||||||||||||
Class R | 6,095 | 4,916 | — | — | — | — | ||||||||||||||||||
2,599,511 | 2,737,975 | 763,091 | 828,756 | 133,563 | 646,573 | |||||||||||||||||||
Shares redeemed: | ||||||||||||||||||||||||
Class A | (8,197,573 | ) | (18,178,499 | ) | (3,218,108 | ) | (8,434,154 | ) | (1,916,585 | ) | (5,466,984 | ) | ||||||||||||
Class B | (1,228,551 | ) | (1,939,352 | ) | — | — | (123,713 | ) | (405,633 | ) | ||||||||||||||
Class C | (8,287,609 | ) | (18,457,412 | ) | (1,819,276 | ) | (3,694,489 | ) | (1,379,381 | ) | (3,926,174 | ) | ||||||||||||
Class I | (684,598 | ) | (818,979 | ) | (3,206,907 | ) | (6,322,189 | ) | (480,874 | ) | (1,841,270 | ) | ||||||||||||
Class R | (92,556 | ) | (296,319 | ) | — | — | — | — | ||||||||||||||||
(18,490,887 | ) | (39,690,561 | ) | (8,244,291 | ) | (18,450,832 | ) | (3,900,553 | ) | (11,640,061 | ) | |||||||||||||
Automatic conversions: | ||||||||||||||||||||||||
Class A | 268,885 | 2,177,561 | — | — | 11,816 | 53,581 | ||||||||||||||||||
Class B | (267,799 | ) | (2,172,255 | ) | — | — | (11,860 | ) | (53,785 | ) | ||||||||||||||
1,086 | 5,306 | — | — | (44 | ) | (204 | ) | |||||||||||||||||
Net increase (decrease) in shares outstanding: | ||||||||||||||||||||||||
Class A | (1,281,372 | ) | (4,979,825 | ) | 2,801,179 | 94,918 | (1,074,285 | ) | (3,566,804 | ) | ||||||||||||||
Class B | (1,275,620 | ) | (3,750,396 | ) | — | — | (124,979 | ) | (409,685 | ) | ||||||||||||||
Class C | (1,974,853 | ) | (6,709,385 | ) | 266,947 | (213,162 | ) | (1,103,361 | ) | (3,024,596 | ) | |||||||||||||
Class I | (5,741 | ) | 714,145 | 2,198,516 | 5,234,569 | 130,071 | (72,045 | ) | ||||||||||||||||
Class R | (26,222 | ) | (54,230 | ) | — | — | — | — | ||||||||||||||||
(4,563,808 | ) | (14,779,691 | ) | 5,266,642 | 5,116,325 | (2,172,554 | ) | (7,073,130 | ) |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 19
FINANCIAL HIGHLIGHTS
For the period or years ended:
For a share outstanding throughout each period | Transamerica Asset Allocation - Conservative Portfolio | |||||||||||||||||||||||
Class A | ||||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 11.73 | $ | 11.17 | $ | 11.22 | $ | 10.42 | $ | 8.99 | $ | 12.40 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income (A), (B) | 0.19 | 0.28 | 0.30 | 0.35 | 0.40 | 0.36 | ||||||||||||||||||
Net realized and unrealized gain (loss) on affiliated investments | 0.46 | 0.55 | (0.06 | ) | 0.83 | 1.46 | (3.21 | ) | ||||||||||||||||
Total from investment operations | 0.65 | 0.83 | 0.24 | 1.18 | 1.86 | (2.85 | ) | |||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.19 | ) | (0.27 | ) | (0.29 | ) | (0.38 | ) | (0.43 | ) | (0.32 | ) | ||||||||||||
Net realized gains on affiliated investments | (0.04 | ) | — | — | — | — | (0.24 | ) | ||||||||||||||||
Total distributions | (0.23 | ) | (0.27 | ) | (0.29 | ) | (0.38 | ) | (0.43 | ) | (0.56 | ) | ||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 12.15 | $ | 11.73 | $ | 11.17 | $ | 11.22 | $ | 10.42 | $ | 8.99 | ||||||||||||
Total return (C) | 5.64 | %(D) | 7.55 | % | 2.20 | % | 11.59 | % | 21.76 | % | (23.86 | )% | ||||||||||||
Net assets end of period/year (000’s) | $ 492,617 | $ 495,444 | $ 489,240 | $ 485,473 | $ 360,558 | $ 268,516 | ||||||||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets: (E) | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 0.58 | %(F) | 0.59 | % | 0.62 | % | 0.63 | % | 0.65 | % | 0.62 | % | ||||||||||||
Before reimbursement/waiver or recapture | 0.58 | %(F) | 0.59 | % | 0.62 | % | 0.63 | % | 0.65 | % | 0.62 | % | ||||||||||||
Net investment income to average net assets (B) | 3.20 | %(F) | 2.40 | % | 2.63 | % | 3.28 | % | 4.27 | % | 3.22 | % | ||||||||||||
Portfolio turnover rate (G) | 5 | %(D) | 20 | % | 31 | % | 16 | % | 27 | % | 10 | % |
(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. |
Note: Prior to November 1, 2009, the financial highlights were audited by another independent registered public accounting firm.
For a share outstanding throughout each period | Transamerica Asset Allocation - Conservative Portfolio | |||||||||||||||||||||||
Class B | ||||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 11.66 | $ | 11.11 | $ | 11.17 | $ | 10.38 | $ | 8.97 | $ | 12.36 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income (A), (B) | 0.15 | 0.20 | 0.24 | 0.30 | 0.35 | 0.31 | ||||||||||||||||||
Net realized and unrealized gain (loss) on affiliated investments | 0.46 | 0.55 | (0.07 | ) | 0.80 | 1.45 | (3.22 | ) | ||||||||||||||||
Total from investment operations | 0.61 | 0.75 | 0.17 | 1.10 | 1.80 | (2.91 | ) | |||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.15 | ) | (0.20 | ) | (0.23 | ) | (0.31 | ) | (0.39 | ) | (0.24 | ) | ||||||||||||
Net realized gains on affiliated investments | (0.04 | ) | — | — | — | — | (0.24 | ) | ||||||||||||||||
Total distributions | (0.19 | ) | (0.20 | ) | (0.23 | ) | (0.31 | ) | (0.39 | ) | (0.48 | ) | ||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 12.08 | $ | 11.66 | $ | 11.11 | $ | 11.17 | $ | 10.38 | $ | 8.97 | ||||||||||||
Total return (C) | 5.28 | %(D) | 6.81 | % | 1.50 | % | 10.82 | % | 21.01 | % | (24.36 | )% | ||||||||||||
Net assets end of period/year (000’s) | $ 59,798 | $ 65,549 | $ 80,696 | $ | 114,303 | $ | 111,706 | $ 93,268 | ||||||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets: (E) | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 1.30 | %(F) | 1.28 | % | 1.27 | % | 1.26 | % | 1.28 | % | 1.24 | % | ||||||||||||
Before reimbursement/waiver or recapture | 1.30 | %(F) | 1.28 | % | 1.27 | % | 1.26 | % | 1.28 | % | 1.24 | % | ||||||||||||
Net investment income to average net assets (B) | 2.51 | %(F) | 1.78 | % | 2.08 | % | 2.81 | % | 3.71 | % | 2.72 | % | ||||||||||||
Portfolio turnover rate (G) | 5 | %(D) | 20 | % | 31 | % | 16 | % | 27 | % | 10 | % |
(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. |
Note: Prior to November 1, 2009, 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 2013 |
Page 20
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
For a share outstanding throughout each period | Transamerica Asset Allocation - Conservative Portfolio | |||||||||||||||||||||||
Class C | ||||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 11.64 | $ | 11.09 | $ | 11.16 | $ | 10.37 | $ | 8.96 | $ | 12.35 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income (A), (B) | 0.15 | 0.20 | 0.23 | 0.29 | 0.34 | 0.29 | ||||||||||||||||||
Net realized and unrealized gain (loss) on affiliated investments | 0.46 | 0.55 | (0.06 | ) | 0.82 | 1.46 | (3.19 | ) | ||||||||||||||||
Total from investment operations | 0.61 | 0.75 | 0.17 | 1.11 | 1.80 | (2.90 | ) | |||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.15 | ) | (0.20 | ) | (0.24 | ) | (0.32 | ) | (0.39 | ) | (0.25 | ) | ||||||||||||
Net realized gains on affiliated investments | (0.04 | ) | — | — | — | — | (0.24 | ) | ||||||||||||||||
Total distributions | (0.19 | ) | (0.20 | ) | (0.24 | ) | (0.32 | ) | (0.39 | ) | (0.49 | ) | ||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 12.06 | $ | 11.64 | $ | 11.09 | $ | 11.16 | $ | 10.37 | $ | 8.96 | ||||||||||||
Total return (C) | 5.33 | %(D) | 6.90 | % | 1.50 | % | 10.92 | % | 21.09 | % | (24.30 | )% | ||||||||||||
Net assets end of period/year (000’s) | $ 589,471 | $ 584,283 | $ 578,193 | $ 601,625 | $ 488,315 | $ 364,153 | ||||||||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets: (E) | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 1.24 | %(F) | 1.22 | % | 1.21 | % | 1.22 | % | 1.23 | % | 1.22 | % | ||||||||||||
Before reimbursement/waiver or recapture | 1.24 | %(F) | 1.22 | % | 1.21 | % | 1.22 | % | 1.23 | % | 1.22 | % | ||||||||||||
Net investment income to average net assets (B) | 2.54 | %(F) | 1.77 | % | 2.04 | % | 2.75 | % | 3.69 | % | 2.61 | % | ||||||||||||
Portfolio turnover rate (G) | 5 | %(D) | 20 | % | 31 | % | 16 | % | 27 | % | 10 | % |
(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. |
Note: Prior to November 1, 2009, the financial highlights were audited by another independent registered public accounting firm.
For a share outstanding throughout each period | Transamerica Asset Allocation - Conservative Portfolio | |||||||||||||||
Class I | ||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010 (A) | |||||||||||||
Net asset value | ||||||||||||||||
Beginning of period/year | $ | 11.75 | $ | 11.19 | $ | 11.24 | $ | 10.69 | ||||||||
Investment operations | ||||||||||||||||
Net investment income (B), (C) | 0.20 | 0.30 | 0.32 | 0.22 | ||||||||||||
Net realized and unrealized gain (loss) on affiliated investments | 0.47 | 0.56 | (0.04 | ) | 0.75 | |||||||||||
Total from investment operations | 0.67 | 0.86 | 0.28 | 0.97 | ||||||||||||
Distributions | ||||||||||||||||
Net investment income | (0.21 | ) | (0.30 | ) | (0.33 | ) | (0.42 | ) | ||||||||
Net realized gains on affiliated investments | (0.04 | ) | — | — | — | |||||||||||
Total distributions | (0.25 | ) | (0.30 | ) | (0.33 | ) | (0.42 | ) | ||||||||
Net asset value | ||||||||||||||||
End of period/year | $ | 12.17 | $ | 11.75 | $ | 11.19 | $ | 11.24 | ||||||||
Total return (D) | 5.81 | %(E) | 7.87 | % | 2.52 | % | 9.39 | %(E) | ||||||||
Net assets end of period/year (000’s) | $ 29,616 | $ 24,297 | $ 15,067 | $ 10,813 | ||||||||||||
Ratio and supplemental data | ||||||||||||||||
Expenses to average net assets: (F) | ||||||||||||||||
After reimbursement/waiver or recapture | 0.27 | %(G) | 0.25 | % | 0.26 | % | 0.28 | %(G) | ||||||||
Before reimbursement/waiver or recapture | 0.27 | %(G) | 0.25 | % | 0.26 | % | 0.28 | %(G) | ||||||||
Net investment income to average net assets (C) | 3.35 | %(G) | 2.58 | % | 2.83 | % | 2.24 | %(G) | ||||||||
Portfolio turnover rate (H) | 5 | %(E) | 20 | % | 31 | % | 16 | %(E) |
(A) | Commenced operations November 30, 2009. |
(B) | Calculated based on average number of shares outstanding. |
(C) | 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. |
(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) | Does not include expenses of the investment companies in which the fund invests. |
(G) | Annualized. |
(H) | Does not include the portfolio activity of the underlying affiliated funds. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 21
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
For a share outstanding throughout each period | Transamerica Asset Allocation - Conservative Portfolio | |||||||||||||||||||||||
Class R | ||||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 11.81 | $ | 11.24 | $ | 11.29 | $ | 10.49 | $ | 9.05 | $ | 12.47 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income (A), (B) | 0.19 | 0.26 | 0.28 | 0.27 | 0.37 | 0.35 | ||||||||||||||||||
Net realized and unrealized gain (loss) on affiliated investments | 0.45 | 0.55 | (0.07 | ) | 0.88 | 1.49 | (3.23 | ) | ||||||||||||||||
Total from investment operations | 0.64 | 0.81 | 0.21 | 1.15 | 1.86 | (2.88 | ) | |||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.18 | ) | (0.24 | ) | (0.26 | ) | (0.35 | ) | (0.42 | ) | (0.30 | ) | ||||||||||||
Net realized gains on affiliated investments | (0.04 | ) | — | — | — | — | (0.24 | ) | ||||||||||||||||
Total distributions | (0.22 | ) | (0.24 | ) | (0.26 | ) | (0.35 | ) | (0.42 | ) | (0.54 | ) | ||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 12.23 | $ | 11.81 | $ | 11.24 | $ | 11.29 | $ | 10.49 | $ | 9.05 | ||||||||||||
Total return (C) | 5.51 | %(D) | 7.30 | % | 1.90 | % | 11.23 | % | 21.59 | % | (23.98 | )% | ||||||||||||
Net assets end of period/year (000’s) | $ 2,707 | $ 2,589 | $ 2,425 | $ 3,061 | $ 1,509 | $ 1,089 | ||||||||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets: (E) | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 0.82 | %(F) | 0.85 | % | 0.90 | % | 0.88 | % | 0.89 | % | 0.82 | % | ||||||||||||
Before reimbursement/waiver or recapture | 0.82 | %(F) | 0.85 | % | 0.90 | % | 0.88 | % | 0.89 | % | 0.82 | % | ||||||||||||
Net investment income to average net assets (B) | 3.21 | %(F) | 2.23 | % | 2.50 | % | 2.56 | % | 3.97 | % | 3.14 | % | ||||||||||||
Portfolio turnover rate (G) | 5 | %(D) | 20 | % | 31 | % | 16 | % | 27 | % | 10 | % |
(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. |
Note: Prior to November 1, 2009, the financial highlights were audited by another independent registered public accounting firm.
For a share outstanding throughout each period | Transamerica Asset Allocation - Growth Portfolio | |||||||||||||||||||||||
Class A | ||||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 12.37 | $ | 11.49 | $ | 11.36 | $ | 9.92 | $ | 8.87 | $ | 15.46 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income (A), (B) | 0.14 | 0.07 | 0.07 | 0.05 | 0.12 | 0.15 | ||||||||||||||||||
Net realized and unrealized gain (loss) on affiliated investments | 1.47 | 0.94 | 0.11 | 1.48 | 1.12 | (6.29 | ) | |||||||||||||||||
Total from investment operations | 1.61 | 1.01 | 0.18 | 1.53 | 1.24 | (6.14 | ) | |||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.14 | ) | (0.13 | ) | (0.05 | ) | (0.09 | ) | (0.19 | ) | (0.02 | ) | ||||||||||||
Net realized gains on affiliated investments | — | — | — | — | — | (0.43 | ) | |||||||||||||||||
Total distributions | (0.14 | ) | (0.13 | ) | (0.05 | ) | (0.09 | ) | (0.19 | ) | (0.45 | ) | ||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 13.84 | $ | 12.37 | $ | 11.49 | $ | 11.36 | �� | $ | 9.92 | $ | 8.87 | |||||||||||
Total return (C) | 13.14 | %(D) | 8.96 | % | 1.59 | % | 15.55 | % | 14.46 | % | (40.75 | )% | ||||||||||||
Net assets end of period/year (000’s) | $ 647,434 | $ 601,498 | $ 610,951 | $ 645,459 | $ 574,500 | $ 495,257 | ||||||||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets: (E) | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 0.64 | %(F) | 0.65 | % | 0.67 | % | 0.68 | % | 0.73 | % | 0.65 | % | ||||||||||||
Before reimbursement/waiver or recapture | 0.64 | %(F) | 0.65 | % | 0.67 | % | 0.68 | % | 0.73 | % | 0.65 | % | ||||||||||||
Net investment income to average net assets (B) | 2.25 | %(F) | 0.56 | % | 0.58 | % | 0.45 | % | 1.41 | % | 1.20 | % | ||||||||||||
Portfolio turnover rate (G) | 13 | %(D) | 21 | % | 30 | % | 10 | % | 47 | % | 12 | % |
(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. |
Note: Prior to November 1, 2009, 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 2013 |
Page 22
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
For a share outstanding throughout each period | Transamerica Asset Allocation - Growth Portfolio | |||||||||||||||||||||||
Class B | ||||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 12.07 | $ | 11.20 | $ | 11.09 | $ | 9.70 | $ | 8.63 | $ | 15.13 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income (loss) (A), (B) | 0.10 | (0.01 | ) | — | (C) | (0.02 | ) | 0.07 | 0.08 | |||||||||||||||
Net realized and unrealized gain (loss) on affiliated investments | 1.44 | 0.91 | 0.11 | 1.44 | 1.10 | (6.15 | ) | |||||||||||||||||
Total from investment operations | 1.54 | 0.90 | 0.11 | 1.42 | 1.17 | (6.07 | ) | |||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.03 | ) | (0.03 | ) | — | (0.03 | ) | (0.10 | ) | — | ||||||||||||||
Net realized gains on affiliated investments | — | — | — | — | — | (0.43 | ) | |||||||||||||||||
Total distributions | (0.03 | ) | (0.03 | ) | — | (0.03 | ) | (0.10 | ) | (0.43 | ) | |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 13.58 | $ | 12.07 | $ | 11.20 | $ | 11.09 | $ | 9.70 | $ | 8.63 | ||||||||||||
Total return (D) | 12.79 | %(E) | 8.08 | % | 0.99 | % | 14.65 | % | 13.78 | % | (41.15 | )% | ||||||||||||
Net assets end of period/year (000’s) | $ 101,400 | $ 106,594 | $ 140,909 | $ 184,263 | $ 192,054 | $ 196,817 | ||||||||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets: (F) | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 1.41 | %(G) | 1.38 | % | 1.36 | % | 1.35 | % | 1.40 | % | 1.30 | % | ||||||||||||
Before reimbursement/waiver or recapture | 1.41 | %(G) | 1.38 | % | 1.36 | % | 1.35 | % | 1.40 | % | 1.30 | % | ||||||||||||
Net investment income (loss) to average net assets (B) | 1.52 | %(G) | (0.12 | )% | (0.02 | )% | (0.18 | )% | 0.84 | % | 0.67 | % | ||||||||||||
Portfolio turnover rate (H) | 13 | %(E) | 21 | % | 30 | % | 10 | % | 47 | % | 12 | % |
(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) | 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) | Does not include expenses of the investment companies in which the fund invests. |
(G) | Annualized. |
(H) | Does not include the portfolio activity of the underlying affiliated funds. |
Note: Prior to November 1, 2009, the financial highlights were audited by another independent registered public accounting firm.
For a share outstanding throughout each period | Transamerica Asset Allocation - Growth Portfolio | |||||||||||||||||||||||
Class C | ||||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 12.06 | $ | 11.20 | $ | 11.09 | $ | 9.69 | $ | 8.64 | $ | 15.13 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income (loss) (A), (B) | 0.10 | (0.01 | ) | — | (C) | (0.01 | ) | 0.08 | 0.08 | |||||||||||||||
Net realized and unrealized gain (loss) on affiliated investments | 1.44 | 0.92 | 0.11 | 1.45 | 1.08 | (6.14 | ) | |||||||||||||||||
Total from investment operations | 1.54 | 0.91 | 0.11 | 1.44 | 1.16 | (6.06 | ) | |||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.06 | ) | (0.05 | ) | — | (0.04 | ) | (0.11 | ) | — | ||||||||||||||
Net realized gains on affiliated investments | — | — | — | — | — | (0.43 | ) | |||||||||||||||||
Total distributions | (0.06 | ) | (0.05 | ) | — | (0.04 | ) | (0.11 | ) | (0.43 | ) | |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 13.54 | $ | 12.06 | $ | 11.20 | $ | 11.09 | $ | 9.69 | $ | 8.64 | ||||||||||||
Total return (D) | 12.79 | %(E) | 8.22 | % | 0.99 | % | 14.86 | % | 13.72 | % | (41.08 | )% | ||||||||||||
Net assets end of period/year (000’s) | $ 666,033 | $ 629,208 | $ 682,872 | $ 774,914 | $ 763,086 | $ 751,881 | ||||||||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets: (F) | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 1.32 | %(G) | 1.29 | % | 1.29 | % | 1.29 | % | 1.33 | % | 1.26 | % | ||||||||||||
Before reimbursement/waiver or recapture | 1.32 | %(G) | 1.29 | % | 1.29 | % | 1.29 | % | 1.33 | % | 1.26 | % | ||||||||||||
Net investment income (loss) to average net assets (B) | 1.57 | %(G) | (0.08 | )% | — | %(H) | (0.12 | )% | 0.90 | % | 0.62 | % | ||||||||||||
Portfolio turnover rate (I) | 13 | %(E) | 21 | % | 30 | % | 10 | % | 47 | % | 12 | % |
(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) | 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) | Does not include expenses of the investment companies in which the fund invests. |
(G) | Annualized. |
(H) | Rounds to less than 0.01% or (0.01)%. |
(I) | Does not include the portfolio activity of the underlying affiliated funds. |
Note: Prior to November 1, 2009, 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 2013 |
Page 23
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
For a share outstanding throughout each period | Transamerica Asset Allocation - Growth Portfolio | |||||||||||||||
Class I | ||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010 (A) | |||||||||||||
Net asset value | ||||||||||||||||
Beginning of period/year | $ | 12.39 | $ | 11.53 | $ | 11.39 | $ | 10.35 | ||||||||
Investment operations | ||||||||||||||||
Net investment income (loss) (B), (C) | 0.17 | 0.10 | 0.11 | (0.02 | ) | |||||||||||
Net realized and unrealized gain on affiliated investments | 1.47 | 0.94 | 0.13 | 1.20 | ||||||||||||
Total from investment operations | 1.64 | 1.04 | 0.24 | 1.18 | ||||||||||||
Distributions | ||||||||||||||||
Net investment income | (0.19 | ) | (0.18 | ) | (0.10 | ) | (0.14 | ) | ||||||||
Total distributions | (0.19 | ) | (0.18 | ) | (0.10 | ) | (0.14 | ) | ||||||||
Net asset value | ||||||||||||||||
End of period/year | $ | 13.84 | $ | 12.39 | $ | 11.53 | $ | 11.39 | ||||||||
Total return (D) | 13.41 | %(E) | 9.28 | % | 2.10 | % | 11.57 | %(E) | ||||||||
Net assets end of period/year (000’s) | $ 19,005 | $ 17,219 | $ 14,642 | $ 13,112 | ||||||||||||
Ratio and supplemental data | ||||||||||||||||
Expenses to average net assets: (F) | ||||||||||||||||
After reimbursement/waiver or recapture | 0.27 | %(G) | 0.25 | % | 0.27 | % | 0.30 | %(G) | ||||||||
Before reimbursement/waiver or recapture | 0.27 | %(G) | 0.25 | % | 0.27 | % | 0.30 | %(G) | ||||||||
Net investment income (loss) to average net assets (C) | 2.59 | %(G) | 0.86 | % | 0.93 | % | (0.15 | )%(G) | ||||||||
Portfolio turnover rate (H) | 13 | %(E) | 21 | % | 30 | % | 10 | %(E) |
(A) | Commenced operations November 30, 2009. |
(B) | Calculated based on average number of shares outstanding. |
(C) | 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. |
(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) | Does not include expenses of the investment companies in which the fund invests. |
(G) | Annualized. |
(H) | Does not include the portfolio activity of the underlying affiliated funds. |
Note: Prior to November 1, 2009, the financial highlights were audited by another independent registered public accounting firm.
For a share outstanding throughout each period | Transamerica Asset Allocation - Growth Portfolio | |||||||||||||||||||||||
Class R | ||||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 12.27 | $ | 11.39 | $ | 11.27 | $ | 9.85 | $ | 8.84 | $ | 15.40 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income (A), (B) | 0.13 | 0.06 | 0.05 | 0.01 | 0.10 | 0.07 | ||||||||||||||||||
Net realized and unrealized gain (loss) on affiliated investments | 1.47 | 0.92 | 0.11 | 1.49 | 1.12 | (6.20 | ) | |||||||||||||||||
Total from investment operations | 1.60 | 0.98 | 0.16 | 1.50 | 1.22 | (6.13 | ) | |||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.10 | ) | (0.10 | ) | (0.04 | ) | (0.08 | ) | (0.21 | ) | — | |||||||||||||
Net realized gains on affiliated investments | — | — | — | — | — | (0.43 | ) | |||||||||||||||||
Total distributions | (0.10 | ) | (0.10 | ) | (0.04 | ) | (0.08 | ) | (0.21 | ) | (0.43 | ) | ||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 13.77 | $ | 12.27 | $ | 11.39 | $ | 11.27 | $ | 9.85 | $ | 8.84 | ||||||||||||
Total return (C) | 13.09 | %(D) | 8.76 | % | 1.45 | % | 15.35 | % | 14.35 | % | (40.81 | )% | ||||||||||||
Net assets end of period/year (000’s) | $ 1,818 | $ 1,661 | $ 3,722 | $ 3,762 | $ 2,704 | $ 1,570 | ||||||||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets: (E) | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 0.85 | %(F) | 0.82 | % | 0.82 | % | 0.84 | % | 0.85 | % | 0.83 | % | ||||||||||||
Before reimbursement/waiver or recapture | 0.85 | %(F) | 0.82 | % | 0.82 | % | 0.84 | % | 0.85 | % | 0.83 | % | ||||||||||||
Net investment income to average net assets (B) | 2.10 | %(F) | 0.52 | % | 0.44 | % | 0.15 | % | 1.09 | % | 0.57 | % | ||||||||||||
Portfolio turnover rate (G) | 13 | %(D) | 21 | % | 30 | % | 10 | % | 47 | % | 12 | % |
(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. |
Note: Prior to November 1, 2009, 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 2013 |
Page 24
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
For a share outstanding throughout each period | Transamerica Asset Allocation - Moderate Growth Portfolio | |||||||||||||||||||||||
Class A | ||||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 12.34 | $ | 11.55 | $ | 11.59 | $ | 10.39 | $ | 9.20 | $ | 14.58 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income (A), (B) | 0.17 | 0.16 | 0.19 | 0.19 | 0.28 | 0.26 | ||||||||||||||||||
Net realized and unrealized gain (loss) on affiliated investments | 1.13 | 0.80 | (0.06 | ) | 1.27 | 1.25 | (5.04 | ) | ||||||||||||||||
Total from investment operations | 1.30 | 0.96 | 0.13 | 1.46 | 1.53 | (4.78 | ) | |||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.22 | ) | (0.17 | ) | (0.17 | ) | (0.23 | ) | (0.34 | ) | (0.19 | ) | ||||||||||||
Net realized gains on affiliated investments | — | — | — | — | — | (0.41 | ) | |||||||||||||||||
Return of capital | — | — | — | (0.03 | ) | — | — | |||||||||||||||||
Total distributions | (0.22 | ) | (0.17 | ) | (0.17 | ) | (0.26 | ) | (0.34 | ) | (0.60 | ) | ||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 13.42 | $ | 12.34 | $ | 11.55 | $ | 11.59 | $ | 10.39 | $ | 9.20 | ||||||||||||
Total return (C) | 10.67 | %(D) | 8.48 | % | 1.09 | % | 14.35 | % | 17.47 | % | (34.01 | )% | ||||||||||||
Net assets end of period/year (000’s) | $ 1,247,410 | $ 1,181,926 | $ 1,186,790 | $ 1,202,885 | $ 1,044,810 | $ 901,766 | ||||||||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets: (E) | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 0.59 | %(F) | 0.60 | % | 0.62 | % | 0.62 | % | 0.66 | % | 0.60 | % | ||||||||||||
Before reimbursement/waiver or recapture | 0.59 | %(F) | 0.60 | % | 0.62 | % | 0.62 | % | 0.66 | % | 0.60 | % | ||||||||||||
Net investment income to average net assets (B) | 2.68 | %(F) | 1.30 | % | 1.58 | % | 1.80 | % | 2.99 | % | 2.12 | % | ||||||||||||
Portfolio turnover rate (G) | 11 | %(D) | 25 | % | 35 | % | 17 | % | 37 | % | 13 | % |
(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. |
Note: Prior to November 1, 2009, the financial highlights were audited by another independent registered public accounting firm.
For a share outstanding throughout each period | Transamerica Asset Allocation - Moderate Growth Portfolio | |||||||||||||||||||||||
Class B | ||||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 12.32 | $ | 11.50 | $ | 11.53 | $ | 10.34 | $ | 9.12 | $ | 14.45 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income (A), (B) | 0.13 | 0.08 | 0.12 | 0.13 | 0.22 | 0.19 | ||||||||||||||||||
Net realized and unrealized gain (loss) on affiliated investments | 1.12 | 0.80 | (0.07 | ) | 1.25 | 1.24 | (5.01 | ) | ||||||||||||||||
Total from investment operations | 1.25 | 0.88 | 0.05 | 1.38 | 1.46 | (4.82 | ) | |||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.11 | ) | (0.06 | ) | (0.08 | ) | (0.16 | ) | (0.24 | ) | (0.10 | ) | ||||||||||||
Net realized gains on affiliated investments | — | — | — | — | — | (0.41 | ) | |||||||||||||||||
Return of capital | — | — | — | (0.03 | ) | — | — | |||||||||||||||||
Total distributions | (0.11 | ) | (0.06 | ) | (0.08 | ) | (0.19 | ) | (0.24 | ) | (0.51 | ) | ||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 13.46 | $ | 12.32 | $ | 11.50 | $ | 11.53 | $ | 10.34 | $ | 9.12 | ||||||||||||
Total return (C) | 10.19 | %(D) | 7.73 | % | 0.43 | % | 13.57 | % | 16.69 | % | (34.44 | )% | ||||||||||||
Net assets end of period/year (000’s) | $ 199,454 | $ 213,032 | $ 283,905 | $ 383,062 | $ 394,275 | $ 389,429 | ||||||||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets: (E) | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 1.36 | %(F) | 1.33 | % | 1.31 | % | 1.30 | % | 1.33 | % | 1.27 | % | ||||||||||||
Before reimbursement/waiver or recapture | 1.36 | %(F) | 1.33 | % | 1.31 | % | 1.30 | % | 1.33 | % | 1.27 | % | ||||||||||||
Net investment income to average net assets (B) | 1.98 | %(F) | 0.65 | % | 1.02 | % | 1.19 | % | 2.39 | % | 1.54 | % | ||||||||||||
Portfolio turnover rate (G) | 11 | %(D) | 25 | % | 35 | % | 17 | % | 37 | % | 13 | % |
(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. |
Note: Prior to November 1, 2009, 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 2013 |
Page 25
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
For a share outstanding throughout each period | Transamerica Asset Allocation - Moderate Growth Portfolio | |||||||||||||||||||||||
Class C | ||||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 12.26 | $ | 11.47 | $ | 11.50 | $ | 10.32 | $ | 9.11 | $ | 14.45 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income (A), (B) | 0.13 | 0.08 | 0.12 | 0.13 | 0.22 | 0.18 | ||||||||||||||||||
Net realized and unrealized gain (loss) on affiliated investments | 1.11 | 0.80 | (0.05 | ) | 1.25 | 1.25 | (5.00 | ) | ||||||||||||||||
Total from investment operations | 1.24 | 0.88 | 0.07 | 1.38 | 1.47 | (4.82 | ) | |||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.13 | ) | (0.09 | ) | (0.10 | ) | (0.17 | ) | (0.26 | ) | (0.11 | ) | ||||||||||||
Net realized gains on affiliated investments | — | — | — | — | — | (0.41 | ) | |||||||||||||||||
Return of capital | — | — | — | (0.03 | ) | — | — | |||||||||||||||||
Total distributions | (0.13 | ) | (0.09 | ) | (0.10 | ) | (0.20 | ) | (0.26 | ) | (0.52 | ) | ||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 13.37 | $ | 12.26 | $ | 11.47 | $ | 11.50 | $ | 10.32 | $ | 9.11 | ||||||||||||
Total return (C) | 10.21 | %(D) | 7.74 | % | 0.56 | % | 13.58 | % | 16.77 | % | (34.44 | )% | ||||||||||||
Net assets end of period/year (000’s) | $ 1,446,684 | $ 1,379,454 | $ 1,468,164 | $ 1,606,227 | $ 1,513,954 | $ 1,455,012 | ||||||||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets: (E) | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 1.28 | %(F) | 1.25 | % | 1.25 | % | 1.25 | % | 1.28 | % | 1.23 | % | ||||||||||||
Before reimbursement/waiver or recapture | 1.28 | %(F) | 1.25 | % | 1.25 | % | 1.25 | % | 1.28 | % | 1.23 | % | ||||||||||||
Net investment income to average net assets (B) | 2.00 | %(F) | 0.66 | % | 0.99 | % | 1.20 | % | 2.43 | % | 1.49 | % | ||||||||||||
Portfolio turnover rate (G) | 11 | %(D) | 25 | % | 35 | % | 17 | % | 37 | % | 13 | % |
(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. |
Note: Prior to November 1, 2009, the financial highlights were audited by another independent registered public accounting firm.
For a share outstanding throughout each period | Transamerica Asset Allocation - Moderate Growth Portfolio | |||||||||||||||
Class I | ||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010 (A) | |||||||||||||
Net asset value | ||||||||||||||||
Beginning of period/year | $ | 12.36 | $ | 11.58 | $ | 11.61 | $ | 10.76 | ||||||||
Investment operations | ||||||||||||||||
Net investment income (B), (C) | 0.19 | 0.18 | 0.21 | 0.09 | ||||||||||||
Net realized and unrealized gain (loss) on affiliated investments | 1.12 | 0.81 | (0.03 | ) | 1.07 | |||||||||||
Total from investment operations | 1.31 | 0.99 | 0.18 | 1.16 | ||||||||||||
Distributions | ||||||||||||||||
Net investment income | (0.26 | ) | (0.21 | ) | (0.21 | ) | (0.28 | ) | ||||||||
Return of capital | — | — | — | (0.03 | ) | |||||||||||
Total distributions | (0.26 | ) | (0.21 | ) | (0.21 | ) | (0.31 | ) | ||||||||
Net asset value | ||||||||||||||||
End of period/year | $ | 13.41 | $ | 12.36 | $ | 11.58 | $ | 11.61 | ||||||||
Total return (D) | 10.82 | %(E) | 8.82 | % | 1.54 | % | 11.07 | %(E) | ||||||||
Net assets end of period/year (000’s) | $ 40,719 | $ 34,145 | $ 23,403 | $ 16,293 | ||||||||||||
Ratio and supplemental data | ||||||||||||||||
Expenses to average net assets: (F) | ||||||||||||||||
After reimbursement/waiver or recapture | 0.27 | %(G) | 0.25 | % | 0.26 | % | 0.29 | %(G) | ||||||||
Before reimbursement/waiver or recapture | 0.27 | %(G) | 0.25 | % | 0.26 | % | 0.29 | %(G) | ||||||||
Net investment income to average net assets (C) | 2.95 | %(G) | 1.53 | % | 1.74 | % | 0.89 | %(G) | ||||||||
Portfolio turnover rate (H) | 11 | %(E) | 25 | % | 35 | % | 17 | %(E) |
(A) | Commenced operations November 30, 2009. |
(B) | Calculated based on average number of shares outstanding. |
(C) | 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. |
(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) | Does not include expenses of the investment companies in which the fund invests. |
(G) | Annualized. |
(H) | Does not include the portfolio activity of the underlying affiliated funds. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 26
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
For a share outstanding throughout each period | Transamerica Asset Allocation - Moderate Growth Portfolio | |||||||||||||||||||||||
Class R | ||||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 12.28 | $ | 11.50 | $ | 11.53 | $ | 10.36 | $ | 9.18 | $ | 14.54 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income (A), (B) | 0.16 | 0.14 | 0.17 | 0.15 | 0.25 | 0.22 | ||||||||||||||||||
Net realized and unrealized gain (loss) on affiliated investments | 1.11 | 0.79 | (0.04 | ) | 1.28 | 1.26 | (5.00 | ) | ||||||||||||||||
Total from investment operations | 1.27 | 0.93 | 0.13 | 1.43 | 1.51 | (4.78 | ) | |||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.19 | ) | (0.15 | ) | (0.16 | ) | (0.23 | ) | (0.33 | ) | (0.17 | ) | ||||||||||||
Net realized gains on affiliated investments | — | — | — | — | — | (0.41 | ) | |||||||||||||||||
Return of capital | — | — | — | (0.03 | ) | — | — | |||||||||||||||||
Total distributions | (0.19 | ) | (0.15 | ) | (0.16 | ) | (0.26 | ) | (0.33 | ) | (0.58 | ) | ||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 13.36 | $ | 12.28 | $ | 11.50 | $ | 11.53 | $ | 10.36 | $ | 9.18 | ||||||||||||
Total return (C) | 10.52 | %(D) | 8.21 | % | 1.06 | % | 14.08 | % | 17.29 | % | (34.08 | )% | ||||||||||||
Net assets end of period/year (000’s) | $ 5,685 | $ 4,965 | $ 5,306 | $ 5,413 | $ 2,873 | $ 1,969 | ||||||||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets: (E) | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 0.79 | %(F) | 0.77 | % | 0.77 | % | 0.79 | % | 0.82 | % | 0.76 | % | ||||||||||||
Before reimbursement/waiver or recapture | 0.79 | %(F) | 0.77 | % | 0.77 | % | 0.79 | % | 0.82 | % | 0.76 | % | ||||||||||||
Net investment income to average net assets (B) | 2.52 | %(F) | 1.14 | % | 1.43 | % | 1.43 | % | 2.68 | % | 1.74 | % | ||||||||||||
Portfolio turnover rate (G) | 11 | %(D) | 25 | % | 35 | % | 17 | % | 37 | % | 13 | % |
(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. |
Note: Prior to November 1, 2009, the financial highlights were audited by another independent registered public accounting firm.
For a share outstanding throughout each period | Transamerica Asset Allocation - Moderate Portfolio | |||||||||||||||||||||||
Class A | ||||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 12.26 | $ | 11.60 | $ | 11.59 | $ | 10.62 | $ | 9.29 | $ | 13.69 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income (A), (B) | 0.18 | 0.23 | 0.26 | 0.30 | 0.36 | 0.33 | ||||||||||||||||||
Net realized and change in unrealized gain (loss) on affiliated investments | 0.81 | 0.67 | (0.02 | ) | 1.04 | 1.40 | (4.05 | ) | ||||||||||||||||
Total from investment operations | 0.99 | 0.90 | 0.24 | 1.34 | 1.76 | (3.72 | ) | |||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.26 | ) | (0.24 | ) | (0.23 | ) | (0.37 | ) | (0.43 | ) | (0.28 | ) | ||||||||||||
Net realized gain on investments | — | — | — | — | — | (0.40 | ) | |||||||||||||||||
Total distributions | (0.26 | ) | (0.24 | ) | (0.23 | ) | (0.37 | ) | (0.43 | ) | (0.68 | ) | ||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 12.99 | $ | 12.26 | $ | 11.60 | $ | 11.59 | $ | 10.62 | $ | 9.29 | ||||||||||||
Total return (C) | 8.21 | %(D) | 7.95 | % | 2.10 | % | 12.95 | % | 19.99 | % | (28.41 | )% | ||||||||||||
Net assets end of period/year (000’s) | $ 901,052 | $ 866,505 | $ 877,866 | $ 857,469 | $ 694,532 | $ 545,646 | ||||||||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets: (E) | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 0.57 | %(F) | 0.58 | % | 0.61 | % | 0.61 | % | 0.63 | % | 0.59 | % | ||||||||||||
Before reimbursement/waiver or recapture | 0.57 | %(F) | 0.58 | % | 0.61 | % | 0.61 | % | 0.63 | % | 0.59 | % | ||||||||||||
Net investment income to average net assets (B) | 2.82 | %(F) | 1.93 | % | 2.23 | % | 2.78 | % | 3.76 | % | 2.79 | % | ||||||||||||
Portfolio turnover rate (G) | 8 | %(D) | 22 | % | 30 | % | 16 | % | 30 | % | 12 | % |
(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. |
Note: Prior to November 1, 2009, 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 2013 |
Page 27
FINANCIAL HIGHLIGHTS (continued)
For the period and years ended:
For a share outstanding throughout each period | Transamerica Asset Allocation - Moderate Portfolio | |||||||||||||||||||||||
Class B | ||||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 12.26 | $ | 11.58 | $ | 11.55 | $ | 10.59 | $ | 9.23 | $ | 13.59 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income (A), (B) | 0.13 | 0.15 | 0.20 | 0.24 | 0.30 | 0.27 | ||||||||||||||||||
Net realized and change in unrealized gain (loss) on affiliated investments | 0.81 | 0.65 | (0.03 | ) | 1.02 | 1.39 | (4.05 | ) | ||||||||||||||||
Total from investment operations | 0.94 | 0.80 | 0.17 | 1.26 | 1.69 | (3.78 | ) | |||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.15 | ) | (0.12 | ) | (0.14 | ) | (0.30 | ) | (0.33 | ) | (0.18 | ) | ||||||||||||
Net realized gain on investments | — | — | — | — | — | (0.40 | ) | |||||||||||||||||
Total distributions | (0.15 | ) | (0.12 | ) | (0.14 | ) | (0.30 | ) | (0.33 | ) | (0.58 | ) | ||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 13.05 | $ | 12.26 | $ | 11.58 | $ | 11.55 | $ | 10.59 | $ | 9.23 | ||||||||||||
Total return (C) | 7.73 | %(D) | 7.06 | % | 1.49 | % | 12.13 | % | 19.16 | % | (28.87 | )% | ||||||||||||
Net assets end of period/year (000’s) | $ 106,396 | $ 115,595 | $ 152,538 | $ 220,658 | $ 228,151 | $ 223,209 | ||||||||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets: (E) | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 1.37 | %(F) | 1.31 | % | 1.28 | % | 1.28 | % | 1.30 | % | 1.25 | % | ||||||||||||
Before reimbursement/waiver or recapture | 1.37 | %(F) | 1.31 | % | 1.28 | % | 1.28 | % | 1.30 | % | 1.25 | % | ||||||||||||
Net investment income to average net assets (B) | 2.07 | %(F) | 1.28 | % | 1.69 | % | 2.24 | % | 3.23 | % | 2.26 | % | ||||||||||||
Portfolio turnover rate (G) | 8 | %(D) | 22 | % | 30 | % | 16 | % | 30 | % | 12 | % |
(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. |
Note: Prior to November 1, 2009, the financial highlights were audited by another independent registered public accounting firm.
For a share outstanding throughout each period | Transamerica Asset Allocation - Moderate Portfolio | |||||||||||||||||||||||
Class C | ||||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 12.17 | $ | 11.52 | $ | 11.50 | $ | 10.55 | $ | 9.21 | $ | 13.58 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income (A), (B) | 0.13 | 0.15 | 0.19 | 0.24 | 0.30 | 0.26 | ||||||||||||||||||
Net realized and change in unrealized gain (loss) on affiliated investments | 0.81 | 0.66 | (0.01 | ) | 1.02 | 1.39 | (4.03 | ) | ||||||||||||||||
Total from investment operations | 0.94 | 0.81 | 0.18 | 1.26 | 1.69 | (3.77 | ) | |||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.18 | ) | (0.16 | ) | (0.16 | ) | (0.31 | ) | (0.35 | ) | (0.20 | ) | ||||||||||||
Net realized gain on investments | — | — | — | — | — | (0.40 | ) | |||||||||||||||||
Total distributions | (0.18 | ) | (0.16 | ) | (0.16 | ) | (0.31 | ) | (0.35 | ) | (0.60 | ) | ||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 12.93 | $ | 12.17 | $ | 11.52 | $ | 11.50 | $ | 10.55 | $ | 9.21 | ||||||||||||
Total return (C) | 7.79 | %(D) | 7.17 | % | 1.50 | % | 12.22 | % | 19.24 | % | (28.87 | )% | ||||||||||||
Net assets end of period/year (000’s) | $ 1,110,393 | $ 1,069,033 | $ 1,088,747 | $ 1,142,029 | $ 997,766 | $ 876,977 | ||||||||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets: (E) | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 1.25 | %(F) | 1.23 | % | 1.22 | % | 1.22 | % | 1.24 | % | 1.21 | % | ||||||||||||
Before reimbursement/waiver or recapture | 1.25 | %(F) | 1.23 | % | 1.22 | % | 1.22 | % | 1.24 | % | 1.21 | % | ||||||||||||
Net investment income to average net assets (B) | 2.15 | %(F) | 1.28 | % | 1.64 | % | 2.21 | % | 3.25 | % | 2.21 | % | ||||||||||||
Portfolio turnover rate (G) | 8 | %(D) | 22 | % | 30 | % | 16 | % | 30 | % | 12 | % |
(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. |
Note: Prior to November 1, 2009, 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 2013 |
Page 28
FINANCIAL HIGHLIGHTS (continued)
For the period and years ended:
For a share outstanding throughout each period | Transamerica Asset Allocation - Moderate Portfolio | |||||||||||||||
Class I | ||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010 (A) | |||||||||||||
Net asset value | ||||||||||||||||
Beginning of period/year | $ | 12.28 | $ | 11.63 | $ | 11.61 | $ | 10.94 | ||||||||
Investment operations | ||||||||||||||||
Net investment income (B), (C) | 0.19 | 0.25 | 0.28 | 0.17 | ||||||||||||
Net realized and change in unrealized gain on affiliated investments | 0.81 | 0.68 | 0.01 | 0.91 | ||||||||||||
Total from investment operations | 1.00 | 0.93 | 0.29 | 1.08 | ||||||||||||
Distributions | ||||||||||||||||
Net investment income | (0.30 | ) | (0.28 | ) | (0.27 | ) | (0.41 | ) | ||||||||
Total distributions | (0.30 | ) | (0.28 | ) | (0.27 | ) | (0.41 | ) | ||||||||
Net asset value | ||||||||||||||||
End of period/year | $ | 12.98 | $ | 12.28 | $ | 11.63 | $ | 11.61 | ||||||||
Total return (D) | 8.32 | %(E) | 8.26 | % | 2.53 | % | 10.27 | %(E) | ||||||||
Net assets end of period/year (000’s) | $ 38,585 | $ 36,572 | $ 26,332 | $ 17,853 | ||||||||||||
Ratio and supplemental data | ||||||||||||||||
Expenses to average net assets: (F) | ||||||||||||||||
After reimbursement/waiver or recapture | 0.26 | %(G) | 0.25 | % | 0.26 | % | 0.28 | %(G) | ||||||||
Before reimbursement/waiver or recapture | 0.26 | %(G) | 0.25 | % | 0.26 | % | 0.28 | %(G) | ||||||||
Net investment income to average net assets (C) | 3.12 | %(G) | 2.11 | % | 2.42 | % | 1.73 | %(G) | ||||||||
Portfolio turnover rate (H) | 8 | %(E) | 22 | % | 30 | % | 16 | %(E) |
(A) | Commenced operations November 30, 2009. |
(B) | Calculated based on average number of shares outstanding. |
(C) | 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. |
(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) | Does not include expenses of the investment companies in which the fund invests. |
(G) | Annualized. |
(H) | Does not include the portfolio activity of the underlying affiliated funds. |
Note: Prior to November 1, 2009, the financial highlights were audited by another independent registered public accounting firm.
For a share outstanding throughout each period | Transamerica Asset Allocation - Moderate Portfolio | |||||||||||||||||||||||
Class R | ||||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 12.20 | $ | 11.54 | $ | 11.53 | $ | 10.58 | $ | 9.28 | $ | 13.65 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income (A), (B) | 0.16 | 0.20 | 0.23 | 0.24 | 0.32 | 0.28 | ||||||||||||||||||
Net realized and change in unrealized gain (loss) on affiliated investments | 0.80 | 0.67 | — | (C) | 1.06 | 1.42 | (4.02 | ) | ||||||||||||||||
Total from investment operations | 0.96 | 0.87 | 0.23 | 1.30 | 1.74 | (3.74 | ) | |||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.23 | ) | (0.21 | ) | (0.22 | ) | (0.35 | ) | (0.44 | ) | (0.23 | ) | ||||||||||||
From net realized gain on investments | — | — | — | — | — | (0.40 | ) | |||||||||||||||||
Total distributions | (0.23 | ) | (0.21 | ) | (0.22 | ) | (0.35 | ) | (0.44 | ) | (0.63 | ) | ||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 12.93 | $ | 12.20 | $ | 11.54 | $ | 11.53 | $ | 10.58 | $ | 9.28 | ||||||||||||
Total return (D) | 8.00 | %(E) | 7.72 | % | 2.01 | % | 12.60 | % | 19.81 | % | (28.57 | )% | ||||||||||||
Net assets end of period/year (000’s) | $ 4,915 | $ 4,954 | $ 5,314 | $ 4,278 | $ 2,211 | $ 959 | ||||||||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets: (F) | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 0.76 | %(G) | 0.79 | % | 0.82 | % | 0.83 | % | 0.86 | % | 0.87 | % | ||||||||||||
Before reimbursement/waiver or recapture | 0.76 | %(G) | 0.79 | % | 0.82 | % | 0.83 | % | 0.86 | % | 0.87 | % | ||||||||||||
Net investment income to average net assets (B) | 2.58 | %(G) | 1.71 | % | 2.00 | % | 2.23 | % | 3.38 | % | 2.37 | % | ||||||||||||
Portfolio turnover rate (H) | 8 | %(E) | 22 | % | 30 | % | 16 | % | 30 | % | 12 | % |
(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) | 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) | Does not include expenses of the investment companies in which the fund invests. |
(G) | Annualized. |
(H) | Does not include the portfolio activity of the underlying affiliated funds. |
Note: Prior to November 1, 2009, 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 2013 |
Page 29
FINANCIAL HIGHLIGHTS (continued)
For the period and years ended:
For a share outstanding throughout each period | Transamerica Multi-Manager Alternative Strategies Portfolio | |||||||||||||||||||||||
Class A | ||||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 9.92 | $ | 9.68 | $ | 9.82 | $ | 9.35 | $ | 8.30 | $ | 10.78 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income (A), (B) | 0.14 | 0.21 | 0.15 | 0.14 | 0.29 | 0.20 | ||||||||||||||||||
Net realized and unrealized gain (loss) on affiliated investments | 0.36 | 0.25 | (0.23 | ) | 0.58 | 1.08 | (2.43 | ) | ||||||||||||||||
Total from investment operations | 0.50 | 0.46 | (0.08 | ) | 0.72 | 1.37 | (2.23 | ) | ||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.19 | ) | (0.22 | ) | (0.06 | ) | (0.15 | ) | (0.32 | ) | (0.25 | ) | ||||||||||||
Return of capital | — | — | — | (0.10 | ) | — | — | |||||||||||||||||
Total distributions | (0.19 | ) | (0.22 | ) | (0.06 | ) | (0.25 | ) | (0.32 | ) | (0.25 | ) | ||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 10.23 | $ | 9.92 | $ | 9.68 | $ | 9.82 | $ | 9.35 | $ | 8.30 | ||||||||||||
Total return (C) | 5.15 | %(D) | 4.95 | % | (0.77 | )% | 7.83 | % | 17.21 | % | (21.08 | )% | ||||||||||||
Net assets end of period/year (000’s) | $ 211,092 | $ 176,808 | $ 171,567 | $ 128,041 | $ 119,693 | $ 97,482 | ||||||||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets: (E) | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 0.72 | %(F) | 0.74 | % | 0.76 | % | 0.80 | % | 0.81 | % | 0.84 | % | ||||||||||||
Before reimbursement/waiver or recapture | 0.72 | %(F) | 0.74 | % | 0.76 | % | 0.80 | % | 0.81 | % | 0.77 | % | ||||||||||||
Net investment income to average net assets (B) | 2.82 | %(F) | 2.19 | % | 1.53 | % | 1.51 | % | 3.43 | % | 1.98 | % | ||||||||||||
Portfolio turnover rate (G) | 58 | %(D) | 62 | % | 31 | % | 35 | % | 18 | % | 5 | % |
(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. |
Note: Prior to November 1, 2009, the financial highlights were audited by another independent registered public accounting firm.
For a share outstanding throughout each period | Transamerica Multi-Manager Alternative Strategies Portfolio | |||||||||||||||||||||||
Class C | ||||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 9.82 | $ | 9.59 | $ | 9.73 | $ | 9.27 | $ | 8.23 | $ | 10.72 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income (A), (B) | 0.11 | 0.14 | 0.09 | 0.08 | 0.24 | 0.15 | ||||||||||||||||||
Net realized and unrealized gain (loss) on affiliated investments | 0.36 | 0.25 | (0.22 | ) | 0.57 | 1.06 | (2.42 | ) | ||||||||||||||||
Total from investment operations | 0.47 | 0.39 | (0.13 | ) | 0.65 | 1.30 | (2.27 | ) | ||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.12 | ) | (0.16 | ) | (0.01 | ) | (0.09 | ) | (0.26 | ) | (0.22 | ) | ||||||||||||
Net realized gain on investments | — | — | — | (0.10 | ) | — | — | |||||||||||||||||
Total distributions | (0.12 | ) | (0.16 | ) | (0.01 | ) | (0.19 | ) | (0.26 | ) | (0.22 | ) | ||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 10.17 | $ | 9.82 | $ | 9.59 | $ | 9.73 | $ | 9.27 | $ | 8.23 | ||||||||||||
Total return (C) | 4.86 | %(D) | 4.21 | % | (1.35 | )% | 7.12 | % | 16.37 | % | (21.52 | )% | ||||||||||||
Net assets end of period/year (000’s) | $ 150,532 | $ 142,788 | $ 141,413 | $ 114,662 | $ 96,376 | $ 89,701 | ||||||||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets: (E) | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 1.45 | %(F) | 1.41 | % | 1.42 | % | 1.44 | % | 1.45 | % | 1.52 | % | ||||||||||||
Before reimbursement/waiver or recapture | 1.45 | %(F) | 1.41 | % | 1.42 | % | 1.44 | % | 1.45 | % | 1.43 | % | ||||||||||||
Net investment income (loss) to average net assets (B) | 2.17 | %(F) | 1.47 | % | 0.91 | % | 0.82 | % | 2.92 | % | 1.53 | % | ||||||||||||
Portfolio turnover rate (G) | 58 | %(D) | 62 | % | 31 | % | 35 | % | 18 | % | 5 | % |
(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. |
Note: Prior to November 1, 2009, 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 2013 |
Page 30
FINANCIAL HIGHLIGHTS (continued)
For the period and years ended:
For a share outstanding throughout each period | Transamerica Multi-Manager Alternative Strategies Portfolio | |||||||||||||||
Class I | ||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010(A) | |||||||||||||
Net asset value | ||||||||||||||||
Beginning of period/year | $ | 9.94 | $ | 9.70 | $ | 9.84 | $ | 9.49 | ||||||||
Investment operations | ||||||||||||||||
Net investment income (B), (C) | 0.16 | 0.23 | 0.15 | 0.07 | ||||||||||||
Net realized and unrealized gain (loss) on affiliated investments | 0.37 | 0.27 | (0.19 | ) | 0.57 | |||||||||||
Total from investment operations | 0.53 | 0.50 | (0.04 | ) | 0.64 | |||||||||||
Distributions | ||||||||||||||||
Net investment income | (0.23 | ) | (0.26 | ) | (0.10 | ) | (0.19 | ) | ||||||||
Return of capital | — | — | — | (0.10 | ) | |||||||||||
Total distributions | (0.23 | ) | (0.26 | ) | (0.10 | ) | (0.29 | ) | ||||||||
Net asset value | ||||||||||||||||
End of period/year | $ | 10.24 | $ | 9.94 | $ | 9.70 | $ | 9.84 | ||||||||
Total return (D) | 5.41 | %(E) | 5.34 | % | (0.47 | )% | 6.90 | %(E) | ||||||||
Net assets end of period/year (000’s) | $ 203,247 | $ 175,506 | $ 120,465 | $ 34,131 | ||||||||||||
Ratio and supplemental data | ||||||||||||||||
Expenses to average net assets: (F) | ||||||||||||||||
After reimbursement/waiver or recapture | 0.40 | %(G) | 0.37 | % | 0.40 | % | 0.50 | %(G) | ||||||||
Before reimbursement/waiver or recapture | 0.40 | %(G) | 0.37 | % | 0.40 | % | 0.50 | %(G) | ||||||||
Net investment income (loss) to average net assets (C) | 3.20 | %(G) | 2.37 | % | 1.56 | % | 0.82 | %(G) | ||||||||
Portfolio turnover rate (H) | 58 | %(E) | 62 | % | 31 | % | 35 | %(E) |
(A) | Commenced operations November 30, 2009. |
(B) | Calculated based on average number of shares outstanding. |
(C) | 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. |
(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) | Does not include expenses of the investment companies in which the fund invests. |
(G) | Annualized. |
(H) | Does not include the portfolio activity of the underlying affiliated funds. |
For a share outstanding throughout each period | Transamerica Multi-Manager International Portfolio | |||||||||||||||||||||||
Class A | ||||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 9.22 | $ | 9.09 | $ | 9.84 | $ | 8.53 | $ | 6.57 | $ | 13.24 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income (A), (B) | 0.13 | 0.16 | 0.08 | 0.09 | 0.17 | 0.27 | ||||||||||||||||||
Net realized and unrealized gain (loss) on affiliated investments | 0.90 | 0.22 | (0.75 | ) | 1.33 | 1.84 | (6.53 | ) | ||||||||||||||||
Total from investment operations | 1.03 | 0.38 | (0.67 | ) | 1.42 | 2.01 | (6.26 | ) | ||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.10 | ) | (0.25 | ) | (0.08 | ) | (0.11 | ) | (0.05 | ) | (0.32 | ) | ||||||||||||
Net realized gains on affiliated investments | — | — | — | — | — | (0.09 | ) | |||||||||||||||||
Total distributions | (0.10 | ) | (0.25 | ) | (0.08 | ) | (0.11 | ) | (0.05 | ) | (0.41 | ) | ||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 10.15 | $ | 9.22 | $ | 9.09 | $ | 9.84 | $ | 8.53 | $ | 6.57 | ||||||||||||
Total return (C) | 11.21 | %(D) | 4.65 | % | (6.90 | )% | 16.80 | % | 30.86 | % | (48.61 | )% | ||||||||||||
Net assets end of period/year (000’s) | $ 84,665 | $ 86,834 | $ 118,070 | $ 135,479 | $ 134,751 | $ 103,077 | ||||||||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets: (E) | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 0.71 | %(F) | 0.68 | % | 0.67 | % | 0.70 | % | 0.74 | % | 0.65 | % | ||||||||||||
Before reimbursement/waiver or recapture | 0.71 | %(F) | 0.68 | % | 0.67 | % | 0.70 | % | 0.74 | % | 0.65 | % | ||||||||||||
Net investment income to average net assets (B) | 2.75 | %(F) | 1.79 | % | 0.77 | % | 1.04 | % | 2.35 | % | 2.59 | % | ||||||||||||
Portfolio turnover rate (G) | 14 | %(D) | 41 | % | 13 | % | 11 | % | 32 | % | 38 | % |
(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. |
Note: Prior to November 1, 2009, 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 2013 |
Page 31
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
For a share outstanding throughout each period | Transamerica Multi-Manager International Portfolio | |||||||||||||||||||||||
Class B | ||||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 9.16 | $ | 9.00 | $ | 9.74 | $ | 8.45 | $ | 6.50 | $ | 13.13 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income (A), (B) | 0.10 | 0.09 | 0.01 | 0.02 | 0.01 | 0.21 | ||||||||||||||||||
Net realized and unrealized gain (loss) on affiliated investments | 0.88 | 0.24 | (0.75 | ) | 1.32 | 1.94 | (6.50 | ) | ||||||||||||||||
Total from investment operations | 0.98 | 0.33 | (0.74 | ) | 1.34 | 1.95 | (6.29 | ) | ||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.02 | ) | (0.17 | ) | — | (C) | (0.05 | ) | — | (0.25 | ) | |||||||||||||
Net realized gains on affiliated investments | — | — | — | — | — | (0.09 | ) | |||||||||||||||||
Total distributions | (0.02 | ) | (0.17 | ) | — | (C) | (0.05 | ) | — | (0.34 | ) | |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 10.12 | $ | 9.16 | $ | 9.00 | $ | 9.74 | $ | 8.45 | $ | 6.50 | ||||||||||||
Total return (D) | 10.68 | %(E) | 3.92 | % | (7.59 | )% | 15.95 | % | 30.00 | % | (49.04 | )% | ||||||||||||
Net assets end of period/year (000’s) | $ 9,622 | $ 9,847 | $ 13,373 | $ 18,432 | $ 18,010 | $ 15,781 | ||||||||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets: (F) | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 1.45 | %(G) | 1.45 | % | 1.45 | % | 1.45 | % | 1.45 | % | 1.42 | % | ||||||||||||
Before reimbursement/waiver or recapture | 1.60 | %(G) | 1.54 | % | 1.48 | % | 1.49 | % | 1.57 | % | 1.42 | % | ||||||||||||
Net investment income to average net assets (B) | 2.06 | %(G) | 1.05 | % | 0.11 | % | 0.19 | % | 0.08 | % | 1.95 | % | ||||||||||||
Portfolio turnover rate (H) | 14 | %(E) | 41 | % | 13 | % | 11 | % | 32 | % | 38 | % |
(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) | 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) | Does not include expenses of the investment companies in which the fund invests. |
(G) | Annualized. |
(H) | Does not include the portfolio activity of the underlying affiliated funds. |
Note: Prior to November 1, 2009, the financial highlights were audited by another independent registered public accounting firm.
For a share outstanding throughout each period | Transamerica Multi-Manager International Portfolio | |||||||||||||||||||||||
Class C | ||||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 9.15 | $ | 9.01 | $ | 9.75 | $ | 8.45 | $ | 6.50 | $ | 13.13 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income (A), (B) | 0.10 | 0.09 | 0.02 | 0.02 | 0.03 | 0.21 | ||||||||||||||||||
Net realized and unrealized gain (loss) on affiliated investments | 0.89 | 0.23 | (0.74 | ) | 1.33 | 1.92 | (6.49 | ) | ||||||||||||||||
Total from investment operations | 0.99 | 0.32 | (0.72 | ) | 1.35 | 1.95 | (6.28 | ) | ||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.03 | ) | (0.18 | ) | (0.02 | ) | (0.05 | ) | — | (0.26 | ) | |||||||||||||
Net realized gains on affiliated investments | — | — | — | — | — | (0.09 | ) | |||||||||||||||||
Total distributions | (0.03 | ) | (0.18 | ) | (0.02 | ) | (0.05 | ) | — | (0.35 | ) | |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 10.11 | $ | 9.15 | $ | 9.01 | $ | 9.75 | $ | 8.45 | $ | 6.50 | ||||||||||||
Total return (C) | 10.82 | %(D) | 3.87 | % | (7.42 | )% | 16.10 | % | 30.00 | % | (48.98 | )% | ||||||||||||
Net assets end of period/year (000’s) | $ 90,515 | $ 92,050 | $ 117,858 | $ 144,849 | $ 132,777 | $ 128,742 | ||||||||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets: (E) | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 1.45 | %(F) | 1.38 | % | 1.34 | % | 1.36 | % | 1.43 | % | 1.31 | % | ||||||||||||
Before reimbursement/waiver or recapture | 1.45 | %(F) | 1.38 | % | 1.34 | % | 1.36 | % | 1.43 | % | 1.31 | % | ||||||||||||
Net investment income to average net assets (B) | 2.04 | %(F) | 1.07 | % | 0.16 | % | 0.27 | % | 0.50 | % | 2.01 | % | ||||||||||||
Portfolio turnover rate (G) | 14 | %(D) | 41 | % | 13 | % | 11 | % | 32 | % | 38 | % |
(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. |
Note: Prior to November 1, 2009, 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 2013 |
Page 32
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
For a share outstanding throughout each period | Transamerica Multi-Manager International Portfolio | |||||||||||||||
Class I | ||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010 (A) | |||||||||||||
Net asset value | ||||||||||||||||
Beginning of period/year | $ | 9.23 | $ | 9.11 | $ | 9.86 | $ | 8.84 | ||||||||
Investment operations | ||||||||||||||||
Net investment income (loss) (B), (C) | 0.15 | 0.16 | 0.11 | (0.02 | ) | |||||||||||
Net realized and unrealized gain (loss) on affiliated investments | 0.88 | 0.25 | (0.74 | ) | 1.19 | |||||||||||
Total from investment operations | 1.03 | 0.41 | (0.63 | ) | 1.17 | |||||||||||
Distributions | ||||||||||||||||
Net investment income | (0.14 | ) | (0.29 | ) | (0.12 | ) | (0.15 | ) | ||||||||
Total distributions | (0.14 | ) | (0.29 | ) | (0.12 | ) | (0.15 | ) | ||||||||
Net asset value | ||||||||||||||||
End of period/year | $ | 10.12 | $ | 9.23 | $ | 9.11 | $ | 9.86 | ||||||||
Total return (D) | 11.29 | %(E) | 5.07 | % | (6.49 | )% | 13.41 | %(E) | ||||||||
Net assets end of period/year (000’s) | $ 32,539 | $ 28,450 | $ 28,748 | $ 28,047 | ||||||||||||
Ratio and supplemental data | ||||||||||||||||
Expenses to average net assets: (F) | ||||||||||||||||
After reimbursement/waiver or recapture | 0.33 | %(G) | 0.28 | % | 0.29 | % | 0.34 | %(G) | ||||||||
Before reimbursement/waiver or recapture | 0.33 | %(G) | 0.28 | % | 0.29 | % | 0.34 | %(G) | ||||||||
Net investment income (loss) to average net assets (C) | 3.11 | %(G) | 1.87 | % | 1.12 | % | (0.21 | )%(G) | ||||||||
Portfolio turnover rate (H) | 14 | %(E) | 41 | % | 13 | % | 11 | %(E) |
(A) | Commenced operations November 30, 2009. |
(B) | Calculated based on average number of shares outstanding. |
(C) | 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. |
(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) | Does not include expenses of the investment companies in which the fund invests. |
(G) | Annualized. |
(H) | Does not include the portfolio activity of the underlying affiliated funds. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 33
NOTES TO FINANCIAL STATEMENTS
At April 30, 2013
(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 series of the Trust.
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 the majority of its assets among certain affiliated series of the Trust (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 Funds’ 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 additional 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 a repurchase agreement are held at the Funds’ custodian, or designated subcustodian related to tri-party repurchase agreements, and, pursuant to the terms of the repurchase agreement, 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.
Restricted and illiquid securities: The Funds may invest in unregulated or restricted 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, 2013 are listed in the Schedules of Investments or Consolidated Schedules of Investments.
Cash overdraft: Throughout the period, the Funds may have cash overdraft balances. A fee is incurred on these overdrafts, calculated by multiplying the overdraft by a rate based on the federal funds rate. Payables, if any, are reflected as Due to Custodian in the Statements of Assets and Liabilities. Expenses from cash overdrafts are included in Other in the Statements of Operations.
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) 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. Each class bears its own specific expenses in addition to the non-class specific expenses.
Transamerica Funds | Semi-Annual Report 2013 |
Page 34
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2013
(unaudited)
NOTE 2. (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.
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”) internal valuation committee’s (the “Valuation Committee”) 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-adviser, 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 Funds’ Board of Trustees has delegated the valuation functions on a day-to-day basis to TAM, subject to board oversight. TAM has formed the Valuation Committee to monitor and implement the fair valuation policies and procedures as approved by the Board of Trustees. These policies and procedures are reviewed at least annually by the Board of Trustees. The Valuation Committee, among other tasks, monitors for when market quotations are not readily available or are unreliable and determines in good faith the fair value of the portfolio investments. For instances in 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. The Valuation Committee may employ a market-based approach which may use related or comparable assets or liabilities, recent transactions, market multiples, book values, and other relevant information for the security to determine the fair value of the security. An income-based valuation approach may also be used in which the anticipated future cash flows of the security are discounted to calculate fair value. Discounts may also be applied due to the nature or duration of any restrictions on the disposition of the securities. When the Funds use fair value 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 value. These securities are categorized as Level 3 of the fair value hierarchy. The Valuation Committee reviews fair value measurements on a regular and ad hoc basis and may, as deemed appropriate, update the investment valuations as well as the fair valuation guidelines.
The availability of observable inputs may vary from security to security and is affected by a wide variety of factors, including, but not limited to, the type of security, whether the security is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the security. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is generally greatest for instruments categorized in Level 3. Due to the inherent uncertainty of valuation, TAM’s Valuation Committee’s determination of values may differ significantly from values that would have been realized had a ready market for investments existed, and the differences could be material. The Valuation Committee employs various methods for calibrating these valuation approaches including a regular review of valuation methodologies, key inputs and assumptions, transactional back-testing, and reviews of any market related activity.
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.
For assets and liabilities for which significant unobservable inputs (Level 3), GAAP requires a reconciliation of the beginning to the ending balances for reported market values that presents changes attributed to the total realized and unrealized gains or losses, purchases and sales, and transfers in or out of the Level 3 category during the period. The Level 3 reconciliation, if any, is disclosed in the Valuation Summary of each Fund’s Schedule of Investments.
Transamerica Funds | Semi-Annual Report 2013 |
Page 35
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2013
(unaudited)
NOTE 2. (continued)
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 companies: Investment companies are valued at the net asset value (“NAV”) of the underlying portfolio. These securities are actively traded and no valuation adjustments are applied. Exchange-Traded Funds are stated at the last reported sale price or closing price on the day of valuation taken from the primary exchange where the security is principally traded. They are categorized in Level 1 of the fair value hierarchy. Investments in privately held investment funds with significant restrictions on redemptions where the inputs of NAVs are unobservable will be valued based upon the NAVs of such investments and are categorized as Level 3 of the fair value hierarchy.
Repurchase agreements: Repurchase agreements are traded on inactive markets or valued by reference to similar instruments and are generally categorized as Level 2.
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 observable valuation inputs, these instruments may be classified in either Level 2 or Level 3 of the fair value hierarchy.
The hierarchy classification of inputs used to value the Funds’ investments, at April 30, 2013, is disclosed in the Valuation Summary of each 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.
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. Fund expenses do not include expenses of the investment companies in which the Funds invest. The Funds have material ownership interests in the Underlying Funds.
Investment advisory fees: The Funds pay management fees to TAM based on average daily net assets (“ANA”) at the following breakpoints and/or rates:
Fund Name/Breakpoint | Rate | |
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 |
Fund Name/Breakpoint | Rate | |
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% |
Transamerica Funds | Semi-Annual Report 2013 |
Page 36
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2013
(unaudited)
NOTE 3. (continued)
TAM has contractually agreed to waive fees and/or reimburse Fund expenses to the extent that the 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 Name | Expense Limit | Maximum Operating Expense Limit Effective Through | ||||
Transamerica Asset Allocation - Conservative Portfolio | 0.45 | % | March 1, 2014 | |||
Transamerica Asset Allocation - Growth Portfolio | 0.45 | March 1, 2014 | ||||
Transamerica Asset Allocation - Moderate Growth Portfolio | 0.45 | March 1, 2014 | ||||
Transamerica Asset Allocation - Moderate Portfolio | 0.45 | March 1, 2014 | ||||
Transamerica Multi-Manager Alternative Strategies Portfolio | 0.55 | March 1, 2014 | ||||
Transamerica Multi-Manager International Portfolio | 0.45 | March 1, 2014 |
TAM is entitled to reimbursement by the Fund of fees waived and/or expenses reduced 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 for the period ended April 30, 2013.
The following amounts were available for recapture by the adviser as of April 30, 2013:
Fund Name/Class | Amount Available | Year Reimbursed | Available Through | |||||||||
Transamerica Multi-Manager International Portfolio | ||||||||||||
Class B | $ | 5,507 | 2011 | 10/31/2013 | ||||||||
10,232 | 2012 | 10/31/2014 |
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; 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. 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 Class B, Class C, and certain Class A share redemptions. For the period ended April 30, 2013 the underwriter commissions were as follows:
Transamerica Asset Allocation - Conservative Portfolio | ||||
Received by Underwriter | $ | 824,542 | ||
Retained by Underwriter | 134,504 | |||
Contingent Deferred Sales Charge | 53,573 | |||
Transamerica Asset Allocation - Growth Portfolio | ||||
Received by Underwriter | $ | 818,515 | ||
Retained by Underwriter | 123,328 | |||
Contingent Deferred Sales Charge | 80,120 | |||
Transamerica Asset Allocation - Moderate Growth Portfolio | ||||
Received by Underwriter | $ | 1,782,901 | ||
Retained by Underwriter | 277,566 | |||
Contingent Deferred Sales Charge | 107,579 |
Transamerica Asset Allocation - Moderate Portfolio | ||||
Received by Underwriter | $ | 1,353,013 | ||
Retained by Underwriter | 217,920 | |||
Contingent Deferred Sales Charge | 78,495 | |||
Transamerica Asset Allocation - Multi-Manager Alternative Strategies Portfolio | ||||
Received by Underwriter | $ | 263,124 | ||
Retained by Underwriter | 42,479 | |||
Contingent Deferred Sales Charge | 12,742 | |||
Transamerica Asset Allocation - Multi-Manager International Portfolio | ||||
Received by Underwriter | $ | 33,382 | ||
Retained by Underwriter | 5,395 | |||
Contingent Deferred Sales Charge | 6,744 |
Transamerica Funds | Semi-Annual Report 2013 |
Page 37
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2013
(unaudited)
NOTE 3. (continued)
Administrative services: The Funds have entered into an agreement with TFS for financial and legal fund administration services. The Funds pay TFS an annual fee of 0.0175% of ANA. The Legal fees in the Statement of Operations are for 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 as follows:
Class A, B, C & R* | ||||
Open Account | $ | 21.00 | ||
Closed Account | 1.50 |
Class I* | ||||
Open Direct Account | $ | 21.00 | ||
Open Networked Account | 8.00 | |||
Closed Account | 1.50 | |||
Sub-Transfer Agent and Omnibus Intermediary Fees | 10 bps |
* | Applicable out-of pocket expenses, including, but not limited to, quarterly shareholder statements and postage, will be charged directly to the funds. |
Fees paid and the amounts due to TFS for the period ended April 30, 2013 are as follows:
Fund Name | Fees Paid to TFS | Fees Due to TFS | ||||||
Transamerica Asset Allocation - Conservative Portfolio | $ | 548,842 | $ | 97,587 | ||||
Transamerica Asset Allocation - Growth Portfolio | 1,131,112 | 202,782 | ||||||
Transamerica Asset Allocation - Moderate Growth Portfolio | 1,765,357 | 312,452 | ||||||
Transamerica Asset Allocation - Moderate Portfolio | 1,050,104 | 198,667 | ||||||
Transamerica Multi-Manager Alternative Strategies Portfolio | 225,485 | 25,670 | ||||||
Transamerica Multi-Manager International Portfolio | 198,962 | 34,632 |
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), 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, 2013 were as follows:
Fund Name | Purchases of | Proceeds | ||||||
Transamerica Asset Allocation - Conservative Portfolio | $ | 62,358,654 | $ | 127,864,845 | ||||
Transamerica Asset Allocation - Growth Portfolio | 181,716,577 | 278,330,431 | ||||||
Transamerica Asset Allocation - Moderate Growth Portfolio | 319,224,451 | 489,649,703 | ||||||
Transamerica Asset Allocation - Moderate Portfolio | 174,045,108 | 277,990,141 | ||||||
Transamerica Multi-Manager Alternative Strategies Portfolio | 345,415,712 | 303,440,978 | ||||||
Transamerica Multi-Manager International Portfolio | 29,698,479 | 53,401,458 |
There were no transactions of U.S. Government securities during the period ended April 30, 2013.
Transamerica Funds | Semi-Annual Report 2013 |
Page 38
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2013
(unaudited)
NOTE 5. ACCOUNTING PRONOUNCEMENTS
In December 2011, the Financial Accounting Standards Board (“FASB”) issued the authoritative guidance that will enhance disclosures related to financial instruments and derivative instruments that are either offset in the statement of assets and liabilities or subject to an enforceable master netting arrangement or similar agreement. In January 2013 the FASB issued further authoritative guidance clarifying the Scope of Disclosures about Offsetting Assets and Liabilities. This information will enable users of the Funds’ financial statements to evaluate the effect or potential effect of netting arrangements on the Funds’ financial position. The adoption of this disclosure requirement is effective for financial statements interim and annual years beginning on or after January 1, 2013.
Management is currently evaluating the implication of the additional disclosure requirements and its impact on the remaining Funds’ financial statements.
NOTE 6. FEDERAL INCOME TAX MATTERS
The Funds have not made any provision for federal income or excise taxes due to its policy to distribute all of their taxable income and capital gains to their shareholders and otherwise qualify as a regulated investment company 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 provisions taken or expected to be taken for all open tax years 2009-2012, 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 in the Statement 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 differing treatment for items including, but not limited to, wash sales, net operating losses, and capital loss carryforwards.
NOTE 7. 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 2013 |
Page 39
Transamerica Funds
APPROVAL OF INVESTMENT ADVISORY AGREEMENTS
At a meeting of the Board of Trustees of Transamerica Funds (the “Board) held on August 2, 2012, the Board reviewed and considered the approval of a proposed investment advisory agreement (the “New Advisory Agreement”) between Transamerica Asset Management, Inc. (“TAM”) and each of the funds listed below (each a “Fund,” and collectively, the “Funds”). Following their review and consideration the Board determined that the New Advisory Agreement will enable shareholders to continue to enjoy investment management services at a cost that is reasonable in light of the services rendered. The Board, including the Independent Board Members, approved the New Advisory Agreement for each Fund.
Transamerica Asset Allocation - Conservative Portfolio | Transamerica Asset Allocation - Moderate Portfolio | |
Transamerica Asset Allocation - Growth Portfolio | Transamerica Multi-Manager Alternative Strategies Portfolio | |
Transamerica Asset Allocation - Moderate Growth Portfolio | Transamerica Multi-Manager International Portfolio |
In reaching their decisions, the Board Members requested and obtained from TAM information they deemed necessary to evaluate the New Advisory Agreement, and also considered information they had previously received from TAM in connection with the initial approval or annual consideration, as applicable, of a Fund’s current advisory agreement (a “Current Advisory Agreement”). In considering the New Advisory Agreement for each Fund, the Board Members evaluated a number of factors and 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.
Among other matters, the Board Members considered:
• | the terms and conditions of the New Advisory Agreement, including the differences from the Current Advisory Agreement; |
• | the differences among the various Current Advisory Agreements, as well as differences with the advisory agreements of other funds in the Transamerica Fund complex and current industry practices; |
• | the fact that each Fund’s advisory fees will remain the same under the New Advisory Agreement; |
• | the nature, scope and quality of services that TAM as investment adviser is expected to continue to provide to the Funds; |
• | the fact that the Board performed a full review of the Current Advisory Agreement for each Fund either in June 2012 or, if the Fund is relatively new, at the time of the Fund’s launch, as required by the Investment Company Act of 1940 Act and determined that TAM has the capabilities, resources and personnel necessary to provide the advisory services then being provided and anticipated to be provided to each Fund, and that the fees paid by each Fund represented reasonable compensation to TAM in light of the services provided. |
In their deliberations, the Board Members did not identify any particular information that was all-important or controlling, and each Board Member may have attributed different weights to the various factors. The Board Members evaluated all information available to them on a Fund-by-Fund basis, and their determinations were made separately in respect of each Fund. The Board Members of each applicable Fund, including a majority of the Independent Board Members, concluded that the terms of the New Advisory Agreement are reasonable, and that the New Advisory Agreement should be approved and recommended to Fund shareholders.
Nature, Quality and Extent of Services Provided. In evaluating the nature, quality and extent of the services to be provided by TAM under each New Advisory Agreement, the Board Members considered, among other things, that the differences between the New Advisory Agreement and the Current Advisory Agreements are not expected to result in any diminution in the nature, quality and extent of services provided to each Fund and its shareholders and that it is expected that TAM will continue to provide high quality advisory services under the New Advisory Agreement. The Board considered the services provided by TAM for the advisory fee it will receive, after payment of a Fund’s sub-advisory fee, if applicable, including oversight of the services provided by the Funds’ administrator, custodian and transfer agent and supervision of the performance of recordkeeping, shareholder relations, regulatory reporting and compliance functions of the Funds, as well as the “manager of managers” services TAM will provide. The Board Members also considered that they recently had performed a full review of each Current Advisory Agreement and had determined that TAM can provide investment and related services that are appropriate in scope and extent in light of each Fund’s operations, the competitive landscape of the investment company business and investor needs.
Based on their review of the materials provided and the assurances they received from TAM, the Board Members of each Fund determined that if the New Advisory Agreement is adopted, TAM will continue to provide the advisory services that are appropriate in scope and extent in light of the Fund’s operations, the competitive landscape of the investment company business and investor needs.
Transamerica Funds | Semi-Annual Report 2013 |
Page 40
Investment Performance. The Board Members considered the performance results of the Funds. The Board Members noted that they had recently considered the performance of the Funds over various time periods in connection with the consideration of the applicable Current Advisory Agreements in June 2012 or, for relatively new Funds, had considered certain performance information prior to the Fund’s launch. Based on this information, the Board Members determined that TAM continues to be capable of generating a level of investment performance that is appropriate in light of each Fund’s investment objectives, policies and strategies.
Advisory Fees and Total Expense Ratios. The Board Members noted that the advisory fees and total expense ratios of each Fund are expected to remain the same under the New Advisory Agreement. The Board considered that it had recently considered information provided by Lipper Inc. comparing the advisory fee and total expense ratio of each Fund to the management fees and total expense ratios of comparable investment companies. On the basis of these considerations, the Board Members determined that the advisory fees to be received by TAM under the New Advisory Agreement continue to be reasonable in light of the services provided.
Costs of Services Provided and Profitability. The Board Members considered information provided by TAM regarding the profitability of TAM with respect to the advisory services it provides to each Fund. The Board considered that it had recently reviewed profitability information about TAM’s costs of providing and/or procuring fund management services, as applicable, as well as the costs of providing administration, transfer agency and other services to the Funds. The Board Members determined that the profitability of TAM and its affiliates from their relationships with the Funds was not excessive.
Economies of Scale. The Board Members considered information on the advisory fees paid by each Fund, taking into account any applicable breakpoint fee structures to account for economies of scale, and concluded that each Fund’s fee structure reflected economies of scale to date. The Board Members also noted that, in the future, they would have the opportunity to periodically reexamine whether each Fund has achieved economies of scale and the appropriateness of advisory fees payable to TAM.
Fallout Benefits. The Board Members took into consideration the character of other incidental benefits to TAM from its relationship with each Fund. The Board Members noted that TAM is not expected to realize “soft dollar” benefits from its relationship with the Funds. The Board Members considered that the costs, nature, scope and quality of administrative and other services provided to the Funds by affiliates of TAM will not change as a result of approval of the New Advisory Agreement.
Other Considerations. The Board Members considered that the New Advisory Agreement would more closely align the Funds with current industry practice and standardize the terms of the advisory agreements across the Funds, allowing for more efficient monitoring and administration of their performance. In addition, the Board Members 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 continue to manage the Funds in a professional manner that is consistent with the best interests of the Funds and their shareholders. In this regard, the Board Members favorably considered the procedures and policies to enforce compliance with applicable laws and regulations and oversee the portfolio management activities of the sub-advisers, if applicable.
Transamerica Funds | Semi-Annual Report 2013 |
Page 41
Transamerica Funds
Transamerica Asset Allocation – Conservative Portfolio
RESULTS OF SHAREHOLDER PROXY
(unaudited)
Rule 30e-1 under the Investment Company Act of 1940, as amended, titled “Reports to Stockholders of Management Companies,” requires registered management companies to report on all subject matters put to the vote of shareholders and provide final results. Accordingly, the Board of Trustees of the Funds solicited a vote by the shareholders for the following items:
At a special meeting of shareholders held on November 16, 2012, the results of Proposal I were as follows:
Proposal I: To elect Board Members:
Proposed Trustee | For | Against | Withheld | |||
Thomas A. Swank | $ 24,297,756,976.14 | $ — | $ 233,375,784.56 | |||
Sandra N. Bane | $ 24,301,005,287.26 | $ — | $ 230,127,473.44 | |||
Leo J. Hill | $ 24,303,864,648.88 | $ — | $ 227,268,111.82 | |||
David W. Jennings | $ 24,305,514,957.51 | $ — | $ 225,617,803.19 | |||
Russell A. Kimball, Jr. | $ 24,302,578,520.25 | $ — | $ 228,554,240.45 | |||
Eugene M. Mannella | $ 24,302,290,685.74 | $ — | $ 228,842,074.96 | |||
Norman R. Nielsen | $ 24,301,874,299.84 | $ — | $ 229,258,460.86 | |||
Joyce G. Norden | $ 24,296,730,545.02 | $ — | $ 234,402,215.68 | |||
Patricia L. Sawyer | $ 24,303,832,760.74 | $ — | $ 227,299,999.96 | |||
John W. Waechter | $ 24,303,568,956.41 | $ — | $ 227,563,804.29 | |||
Alan F. Warrick | $ 24,298,534,836.00 | $ — | $ 232,597,924.70 |
At a special meeting of shareholders held on December 21, 2012, the results of Proposal II were as follows:
Proposal II: To approve a new investment advisory agreement with Transamerica Asset Management, Inc.
For | Against | Abstentions/Broker Non-Votes | ||
$ 486,559,871.23 | $ 15,866,131.97 | $ 27,714,390.74 / $ 172,827,476.30 |
At a special meeting of shareholders held on December 21, 2012, the results of Proposal III were as follows:
Proposal III: To approve changes to the fundamental investment policies
Proposal III.A — Underwriting
For | Against | Abstentions/Broker Non-Votes | ||
$ 478,370,985.79 | $ 18,449,956.43 | $ 33,319,451.71 / $ 172,827,476.30 |
Proposal III.B — Real Estate
For | Against | Abstentions/Broker Non-Votes | ||
$ 477,544,204.41 | $ 19,510,374.03 | $ 33,085,815.49 / $ 172,827,476.30 |
Transamerica Funds | Semi-Annual Report 2013 |
Page 42
Transamerica Funds
Proposal III.C — Concentration
For | Against | Abstentions/Broker Non-Votes | ||
$ 476,860,923.35 | $ 20,337,499.19 | $ 32,941,971.40 / $ 172,827,476.30 |
Proposal III.D — Diversification
For | Against | Abstentions/Broker Non-Votes | ||
$ 482,728,063.68 | $ 17,019,971.98 | $ 30,392,358.28 / $ 172,827,476.30 |
Transamerica Funds | Semi-Annual Report 2013 |
Page 43
Transamerica Funds
Transamerica Asset Allocation – Growth Portfolio
RESULTS OF SHAREHOLDER PROXY
(unaudited)
Rule 30e-1 under the Investment Company Act of 1940, as amended, titled “Reports to Stockholders of Management Companies,” requires registered management companies to report on all subject matters put to the vote of shareholders and provide final results. Accordingly, the Board of Trustees of the Funds solicited a vote by the shareholders for the following items:
At a special meeting of shareholders held on November 16, 2012, the results of Proposal I were as follows:
Proposal I: To elect Board Members:
Proposed Trustee | For | Against | Withheld | |||
Thomas A. Swank | $ 24,297,756,976.14 | $ — | $ 233,375,784.56 | |||
Sandra N. Bane | $ 24,301,005,287.26 | $ — | $ 230,127,473.44 | |||
Leo J. Hill | $ 24,303,864,648.88 | $ — | $ 227,268,111.82 | |||
David W. Jennings | $ 24,305,514,957.51 | $ — | $ 225,617,803.19 | |||
Russell A. Kimball, Jr. | $ 24,302,578,520.25 | $ — | $ 228,554,240.45 | |||
Eugene M. Mannella | $ 24,302,290,685.74 | $ — | $ 228,842,074.96 | |||
Norman R. Nielsen | $ 24,301,874,299.84 | $ — | $ 229,258,460.86 | |||
Joyce G. Norden | $ 24,296,730,545.02 | $ — | $ 234,402,215.68 | |||
Patricia L. Sawyer | $ 24,303,832,760.74 | $ — | $ 227,299,999.96 | |||
John W. Waechter | $ 24,303,568,956.41 | $ — | $ 227,563,804.29 | |||
Alan F. Warrick | $ 24,298,534,836.00 | $ — | $ 232,597,924.70 |
At a special meeting of shareholders held on December 21, 2012, the results of Proposal II were as follows:
Proposal II: To approve a new investment advisory agreement with Transamerica Asset Management, Inc.
For | Against | Abstentions/Broker Non-Votes | ||
$ 537,510,371.94 | $ 20,830,777.78 | $ 23,718,971.97 / $ 196,194,289.69 |
At a special meeting of shareholders held on December 21, 2012, the results of Proposal III were as follows:
Proposal III: To approve changes to the fundamental investment policies
Proposal III.A — Underwriting
For | Against | Abstentions/Broker Non-Votes | ||
$ 523,290,039.61 | $ 23,026,355.11 | $ 35,743,726.97 / $ 196,194,289.69 |
Proposal III.B — Real Estate
For | Against | Abstentions/Broker Non-Votes | ||
$ 526,302,738.95 | $ 22,525,262.07 | $ 33,232,120.67 / $ 196,194,289.69 |
Transamerica Funds | Semi-Annual Report 2013 |
Page 44
Transamerica Funds
Proposal III.C — Concentration
For | Against | Abstentions/Broker Non-Votes | ||
$ 526,199,980.99 | $ 23,178,285.07 | $ 32,681,855.64 / $ 196,194,289.69 |
Proposal III.D — Diversification
For | Against | Abstentions/Broker Non-Votes | ||
$ 531,589,944.46 | $ 18,396,763.24 | $ 32,073,413.99 / $ 196,194,289.69 |
Transamerica Funds | Semi-Annual Report 2013 |
Page 45
Transamerica Funds
Transamerica Asset Allocation – Moderate Growth Portfolio
RESULTS OF SHAREHOLDER PROXY
(unaudited)
Rule 30e-1 under the Investment Company Act of 1940, as amended, titled “Reports to Stockholders of Management Companies,” requires registered management companies to report on all subject matters put to the vote of shareholders and provide final results. Accordingly, the Board of Trustees of the Funds solicited a vote by the shareholders for the following items:
At a special meeting of shareholders held on November 16, 2012, the results of Proposal I were as follows:
Proposal I: To elect Board Members:
Proposed Trustee | For | Against | Withheld | |||
Thomas A. Swank | $ 24,297,756,976.14 | $ — | $ 233,375,784.56 | |||
Sandra N. Bane | $ 24,301,005,287.26 | $ — | $ 230,127,473.44 | |||
Leo J. Hill | $ 24,303,864,648.88 | $ — | $ 227,268,111.82 | |||
David W. Jennings | $ 24,305,514,957.51 | $ — | $ 225,617,803.19 | |||
Russell A. Kimball, Jr. | $ 24,302,578,520.25 | $ — | $ 228,554,240.45 | |||
Eugene M. Mannella | $ 24,302,290,685.74 | $ — | $ 228,842,074.96 | |||
Norman R. Nielsen | $ 24,301,874,299.84 | $ — | $ 229,258,460.86 | |||
Joyce G. Norden | $ 24,296,730,545.02 | $ — | $ 234,402,215.68 | |||
Patricia L. Sawyer | $ 24,303,832,760.74 | $ — | $ 227,299,999.96 | |||
John W. Waechter | $ 24,303,568,956.41 | $ — | $ 227,563,804.29 | |||
Alan F. Warrick | $ 24,298,534,836.00 | $ — | $ 232,597,924.70 |
At a special meeting of shareholders held on December 21, 2012, the results of Proposal II were as follows:
Proposal II: To approve a new investment advisory agreement with Transamerica Asset Management, Inc.
For | Against | Abstentions/Broker Non-Votes | ||
$ 1,088,889,025.75 | $ 44,424,746.22 | $ 73,672,492.54 / $ 399,925,974.27 |
At a special meeting of shareholders held on January 18, 2013, the results of Proposal III were as follows:
Proposal III: To approve changes to the fundamental investment policies
Proposal III.A — Underwriting
For | Against | Abstentions/Broker Non-Votes | ||
$ 1,098,372,333.09 | $ 53,013,683.59 | $ 98,640,673.82 / $ 382,206,791.07 |
Proposal III.B — Real Estate
For | Against | Abstentions/Broker Non-Votes | ||
$ 1,098,580,848.21 | $ 56,422,000.40 | $ 95,023,841.89 / $ 382,206,791.07 |
Transamerica Funds | Semi-Annual Report 2013 |
Page 46
Transamerica Funds
Proposal III.C — Concentration
For | Against | Abstentions/Broker Non-Votes | ||
$ 1,102,156,498.08 | $ 54,343,457.29 | $ 93,526,735.13 / $ 382,206,791.07 |
Proposal III.D — Diversification
For | Against | Abstentions/Broker Non-Votes | ||
$ 1,113,238,806.26 | $ 49,678,638.23 | $ 87,109,246.01 / $ 382,206,791.07 |
Transamerica Funds | Semi-Annual Report 2013 |
Page 47
Transamerica Funds
Transamerica Asset Allocation – Moderate Portfolio
RESULTS OF SHAREHOLDER PROXY
(unaudited)
Rule 30e-1 under the Investment Company Act of 1940, as amended, titled “Reports to Stockholders of Management Companies,” requires registered management companies to report on all subject matters put to the vote of shareholders and provide final results. Accordingly, the Board of Trustees of the Funds solicited a vote by the shareholders for the following items:
At a special meeting of shareholders held on November 16, 2012, the results of Proposal I were as follows:
Proposal I: To elect Board Members:
Proposed Trustee | For | Against | Withheld | |||
Thomas A. Swank | $ 24,297,756,976.14 | $ — | $ 233,375,784.56 | |||
Sandra N. Bane | $ 24,301,005,287.26 | $ — | $ 230,127,473.44 | |||
Leo J. Hill | $ 24,303,864,648.88 | $ — | $ 227,268,111.82 | |||
David W. Jennings | $ 24,305,514,957.51 | $ — | $ 225,617,803.19 | |||
Russell A. Kimball, Jr. | $ 24,302,578,520.25 | $ — | $ 228,554,240.45 | |||
Eugene M. Mannella | $ 24,302,290,685.74 | $ — | $ 228,842,074.96 | |||
Norman R. Nielsen | $ 24,301,874,299.84 | $ — | $ 229,258,460.86 | |||
Joyce G. Norden | $ 24,296,730,545.02 | $ — | $ 234,402,215.68 | |||
Patricia L. Sawyer | $ 24,303,832,760.74 | $ — | $ 227,299,999.96 | |||
John W. Waechter | $ 24,303,568,956.41 | $ — | $ 227,563,804.29 | |||
Alan F. Warrick | $ 24,298,534,836.00 | $ — | $ 232,597,924.70 |
At a special meeting of shareholders held on December 21, 2012, the results of Proposal II were as follows:
Proposal II: To approve a new investment advisory agreement with Transamerica Asset Management, Inc.
For | Against | Abstentions/Broker Non-Votes | ||
$ 897,007,487.88 | $ 22,553,348.17 | $ 39,700,092.26 / $ 320,287,912.41 |
At a special meeting of shareholders held on December 21, 2012, the results of Proposal III were as follows:
Proposal III: To approve changes to the fundamental investment policies
Proposal III.A — Underwriting
For | Against | Abstentions/Broker Non-Votes | ||
$ 876,461,050.22 | $ 24,787,370.64 | $ 58,012,507.45 / $ 320,287,912.41 |
Proposal III.D — Diversification
For | Against | Abstentions/Broker Non-Votes | ||
$ 865,063,148.97 | $ 17,243,584.70 | $ 76,954,194.64 / $ 320,287,912.41 |
Transamerica Funds | Semi-Annual Report 2013 |
Page 48
Transamerica Funds
At a special meeting of shareholders held on January 18, 2013, the results of Proposal III were as follows:
Proposal III.B — Real Estate
For | Against | Abstentions/Broker Non-Votes | ||
$ 873,341,823.92 | $ 24,962,119.74 | $ 80,409,332.54 / $ 313,044,280.81 |
Proposal III.C — Concentration
For | Against | Abstentions/Broker Non-Votes | ||
$ 870,656,791.88 | $ 25,809,040.23 | $ 82,247,444.09 / $ 313,044,280.81 |
Transamerica Funds | Semi-Annual Report 2013 |
Page 49
Transamerica Funds
Transamerica Multi-Manager Alternative Strategies Portfolio
RESULTS OF SHAREHOLDER PROXY
(unaudited)
Rule 30e-1 under the Investment Company Act of 1940, as amended, titled “Reports to Stockholders of Management Companies,” requires registered management companies to report on all subject matters put to the vote of shareholders and provide final results. Accordingly, the Board of Trustees of the Funds solicited a vote by the shareholders for the following items:
At a special meeting of shareholders held on November 16, 2012, the results of Proposal I were as follows:
Proposal I: To elect Board Members:
Proposed Trustee | For | Against | Withheld | |||
Thomas A. Swank | $ 24,297,756,976.14 | $ — | $ 233,375,784.56 | |||
Sandra N. Bane | $ 24,301,005,287.26 | $ — | $ 230,127,473.44 | |||
Leo J. Hill | $ 24,303,864,648.88 | $ — | $ 227,268,111.82 | |||
David W. Jennings | $ 24,305,514,957.51 | $ — | $ 225,617,803.19 | |||
Russell A. Kimball, Jr. | $ 24,302,578,520.25 | $ — | $ 228,554,240.45 | |||
Eugene M. Mannella | $ 24,302,290,685.74 | $ — | $ 228,842,074.96 | |||
Norman R. Nielsen | $ 24,301,874,299.84 | $ — | $ 229,258,460.86 | |||
Joyce G. Norden | $ 24,296,730,545.02 | $ — | $ 234,402,215.68 | |||
Patricia L. Sawyer | $ 24,303,832,760.74 | $ — | $ 227,299,999.96 | |||
John W. Waechter | $ 24,303,568,956.41 | $ — | $ 227,563,804.29 | |||
Alan F. Warrick | $ 24,298,534,836.00 | $ — | $ 232,597,924.70 |
At a special meeting of shareholders held on December 21, 2012, the results of Proposal II were as follows:
Proposal II: To approve a new investment advisory agreement with Transamerica Asset Management, Inc.
For | Against | Abstentions/Broker Non-Votes | ||
$ 174,258,909.64 | $ 3,746,799.36 | $ 7,340,079.83 / $ 71,481,720.70 |
Proposal III.D — Diversification
For | Against | Abstentions/Broker Non-Votes | ||
$ 172,226,079.72 | $ 4,260,277.72 | $ 8,859,431.39 / $ 71,481,720.70 |
At a special meeting of shareholders held on January 18, 2013, the results of Proposal III were as follows:
Proposal III: To approve changes to the fundamental investment policies
Proposal III.A — Underwriting
For | Against | Abstentions/Broker Non-Votes | ||
$ 175,920,033.36 | $ 4,808,216.80 | $ 9,450,265.50 / $ 69,261,367.46 |
Transamerica Funds | Semi-Annual Report 2013 |
Page 50
Transamerica Funds
Proposal III.B — Real Estate
For | Against | Abstentions/Broker Non-Votes | ||
$ 175,097,045.58 | $ 5,851,590.57 | $ 9,229,880.35 / $ 69,261,367.46 |
Proposal III.C — Concentration
For | Against | Abstentions/Broker Non-Votes | ||
$ 175,906,622.80 | $ 4,363,686.68 | $ 9,908,206.52 / $ 69,261,367.46 |
Transamerica Funds | Semi-Annual Report 2013 |
Page 51
Transamerica Funds
Transamerica Multi-Manager International Portfolio
RESULTS OF SHAREHOLDER PROXY
(unaudited)
Rule 30e-1 under the Investment Company Act of 1940, as amended, titled “Reports to Stockholders of Management Companies,” requires registered management companies to report on all subject matters put to the vote of shareholders and provide final results. Accordingly, the Board of Trustees of the Funds solicited a vote by the shareholders for the following items:
At a special meeting of shareholders held on November 16, 2012, the results of Proposal I were as follows:
Proposal I: To elect Board Members:
Proposed Trustee | For | Against | Withheld | |||
Thomas A. Swank | $ 24,297,756,976.14 | $ — | $ 233,375,784.56 | |||
Sandra N. Bane | $ 24,301,005,287.26 | $ — | $ 230,127,473.44 | |||
Leo J. Hill | $ 24,303,864,648.88 | $ — | $ 227,268,111.82 | |||
David W. Jennings | $ 24,305,514,957.51 | $ — | $ 225,617,803.19 | |||
Russell A. Kimball, Jr. | $ 24,302,578,520.25 | $ — | $ 228,554,240.45 | |||
Eugene M. Mannella | $ 24,302,290,685.74 | $ — | $ 228,842,074.96 | |||
Norman R. Nielsen | $ 24,301,874,299.84 | $ — | $ 229,258,460.86 | |||
Joyce G. Norden | $ 24,296,730,545.02 | $ — | $ 234,402,215.68 | |||
Patricia L. Sawyer | $ 24,303,832,760.74 | $ — | $ 227,299,999.96 | |||
John W. Waechter | $ 24,303,568,956.41 | $ — | $ 227,563,804.29 | |||
Alan F. Warrick | $ 24,298,534,836.00 | $ — | $ 232,597,924.70 |
At a special meeting of shareholders held on December 21, 2012, the results of Proposal II were as follows:
Proposal II: To approve a new investment advisory agreement with Transamerica Asset Management, Inc.
For | Against | Abstentions/Broker Non-Votes | ||
$ 77,875,641.15 | $ 2,885,968.24 | $ 4,053,168.86 / $ 29,683,794.30 |
At a special meeting of shareholders held on December 21, 2012, the results of Proposal III were as follows:
Proposal III: To approve changes to the fundamental investment policies
Proposal III.A — Underwriting
For | Against | Abstentions/Broker Non-Votes | ||
$ 77,378,697.95 | $ 3,184,421.68 | $ 4,251,658.63 / $ 29,683,794.30 |
Proposal III.B — Real Estate
For | Against | Abstentions/Broker Non-Votes | ||
$ 77,379,921.15 | $ 3,226,285.35 | $ 4,208,571.75 / $ 29,683,794.30 |
Transamerica Funds | Semi-Annual Report 2013 |
Page 52
Transamerica Funds
Proposal III.C — Concentration
For | Against | Abstentions/Broker Non-Votes | ||
$ 77,274,612.44 | $ 3,257,493.05 | $ 4,282,672.77 / $ 29,683,794.30 |
Proposal III.D — Diversification
For | Against | Abstentions/Broker Non-Votes | ||
$ 77,730,250.30 | $ 3,045,444.74 | $ 4,039,083.22 / $ 29,683,794.30 |
Transamerica Funds | Semi-Annual Report 2013 |
Page 53
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 | Semi-Annual Report 2013 |
Page 54
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 | Semi-Annual Report 2013 |
Page 55
P.O. Box 9012
Clearwater, FL 33758-9012
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, 2013
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. In November of 2012, financial markets were focused on the U.S. presidential elections and the impending U.S. fiscal cliff. Despite the Federal Reserve announcing targeted quantitative easing in December 2012, investor concern over the fiscal cliff held the U.S. markets down through the end of the year. During this time improving conditions in Europe and China drove international equities higher. On January 2, 2013 the U.S. Congress successfully resolved the fiscal cliff and as a result U.S. markets moved up strongly over the next three months. In February and March, slowing growth in China caused emerging markets to decline. At the same time, economic weakness in Europe reasserted itself pushing those markets down as well. The period ended in April with Japan announcing a massive new monetary easing program and at the same time, global exports improved, helping to boost both U.S. and international markets.
For the six month period ended April 30, 2013, the Standard & Poor’s 500® Index gained 13.13%, the Morgan Stanley Capital International - Europe, Australasia, Far East Index (“MSCI-EAFE”) gained 17.18% and the Barclays U.S. Aggregate Bond Index gained 0.90%. 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
President & Chief Executive Officer
Transamerica Funds
Christopher A. Staples
Vice President & CIO-Advisory Services
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, 2012 and held for the entire period until April 30, 2013.
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 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 fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the fund’s actual return. 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. 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 covered by 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 | Beginning Account Value | Ending Account Value | Expenses Paid During Period | Ending Account Value | Expenses Paid During Period(B) | Annualized Expense Ratio | ||||||||||||||||||
Transamerica Capital Growth | ||||||||||||||||||||||||
Class A | $ | 1,000.00 | $ | 1,138.00 | $ | 7.95(B | ) | $ | 1,017.65 | $ | 7.50 | 1.50 | % | |||||||||||
Class B | 1,000.00 | 1,135.00 | 11.65(B | ) | 1,013.89 | 10.99 | 2.20 | |||||||||||||||||
Class C | 1,000.00 | 1,135.80 | 10.96(B | ) | 1,014.53 | 10.34 | 2.07 | |||||||||||||||||
Class I | 1,000.00 | 1,141.40 | 5.20(B | ) | 1,019.94 | 4.91 | 0.98 | |||||||||||||||||
Class I2 | 1,000.00 | 1,142.00 | 4.46(B | ) | 1,020.63 | 4.21 | 0.84 | |||||||||||||||||
Transamerica Diversified Equity | ||||||||||||||||||||||||
Class A | 1,000.00 | 1,126.00 | 7.38(B | ) | 1,017.85 | 7.00 | 1.40 | |||||||||||||||||
Class B | 1,000.00 | 1,121.50 | 11.41(B | ) | 1,014.03 | 10.84 | 2.17 | |||||||||||||||||
Class C | 1,000.00 | 1,121.80 | 11.42(B | ) | 1,014.03 | 10.84 | 2.17 | |||||||||||||||||
Class I | 1,000.00 | 1,127.90 | 4.85(B | ) | 1,020.23 | 4.61 | 0.92 | |||||||||||||||||
Class I2 | 1,000.00 | 1,128.80 | 4.17(B | ) | 1,020.88 | 3.96 | 0.79 | |||||||||||||||||
Class T | 1,000.00 | 1,128.30 | 4.91(B | ) | 1,020.18 | 4.66 | 0.93 |
Transamerica Funds | Semi-Annual Report 2013 |
Page 1
Understanding Your Funds’ Expenses (continued)
(unaudited)
Actual Expenses | Hypothetical Expenses(A) | |||||||||||||||||||||||
Fund Name | Beginning Account Value | Ending Account Value | Expenses Paid During Period | Ending Account Value | Expenses Paid During Period(B) | Annualized Expense Ratio | ||||||||||||||||||
Transamerica Dividend Focused | ||||||||||||||||||||||||
Class A | $ | 1,000.00 | $ | 1,103.50 | $ | 3.38(C | ) | $ | 1,019.69 | $ | 5.16 | 1.03 | % | |||||||||||
Class C | 1,000.00 | 1,100.80 | 5.68(C | ) | 1,016.22 | 8.65 | 1.73 | |||||||||||||||||
Class I | 1,000.00 | 1,104.00 | 2.73(C | ) | 1,020.68 | 4.16 | 0.83 | |||||||||||||||||
Class I2 | 1,000.00 | 1,104.20 | 2.40(C | ) | 1,021.18 | 3.66 | 0.73 | |||||||||||||||||
Transamerica Emerging Markets Debt | ||||||||||||||||||||||||
Class A | 1,000.00 | 1,065.10 | 5.53(B | ) | 1,019.44 | 5.41 | 1.08 | |||||||||||||||||
Class C | 1,000.00 | 1,061.30 | 9.20(B | ) | 1,015.87 | 9.00 | 1.80 | |||||||||||||||||
Class I | 1,000.00 | 1,067.10 | 4.05(B | ) | 1,020.88 | 3.96 | 0.79 | |||||||||||||||||
Class I2 | 1,000.00 | 1,066.70 | 3.48(B | ) | 1,021.42 | 3.41 | 0.68 | |||||||||||||||||
Transamerica Emerging Markets Equity | ||||||||||||||||||||||||
Class A | 1,000.00 | 1,087.60 | 8.75(B | ) | 1,016.41 | 8.45 | 1.69 | |||||||||||||||||
Class C | 1,000.00 | 1,084.10 | 11.68(B | ) | 1,013.59 | 11.28 | 2.26 | |||||||||||||||||
Class I | 1,000.00 | 1,090.10 | 6.89(B | ) | 1,018.20 | 6.66 | 1.33 | |||||||||||||||||
Class I2 | 1,000.00 | 1,089.60 | 6.27(B | ) | 1,018.79 | 6.06 | 1.21 | |||||||||||||||||
Transamerica Enhanced Muni | ||||||||||||||||||||||||
Class A | 1,000.00 | 1,072.40 | 4.42(B | ) | 1,008.58 | 4.31 | 0.86 | |||||||||||||||||
Class C | 1,000.00 | 1,069.10 | 7.49(B | ) | 1,017.56 | 7.30 | 1.46 | |||||||||||||||||
Class I | 1,000.00 | 1,073.10 | 3.65(B | ) | 1,021.27 | 3.56 | 0.71 | |||||||||||||||||
Transamerica Flexible Income | ||||||||||||||||||||||||
Class A | 1,000.00 | 1,050.60 | 4.83(B | ) | 1,019.84 | 4.76 | 0.95 | |||||||||||||||||
Class B | 1,000.00 | 1,046.00 | 9.13(B | ) | 1,015.87 | 9.00 | 1.80 | |||||||||||||||||
Class C | 1,000.00 | 1,047.10 | 8.43(B | ) | 1,016.56 | 8.30 | 1.66 | |||||||||||||||||
Class I | 1,000.00 | 1,052.00 | 3.51(B | ) | 1,021.37 | 3.46 | 0.69 | |||||||||||||||||
Class I2 | 1,000.00 | 1,052.40 | 3.00(B | ) | 1,021.87 | 2.96 | 0.59 | |||||||||||||||||
Transamerica Growth Opportunities | ||||||||||||||||||||||||
Class A | 1,000.00 | 1,174.00 | 8.14(B | ) | 1,017.31 | 7.55 | 1.51 | |||||||||||||||||
Class B | 1,000.00 | 1,169.50 | 12.69(B | ) | 1,013.09 | 11.78 | 2.36 | |||||||||||||||||
Class C | 1,000.00 | 1,169.90 | 12.48(B | ) | 1,013.29 | 11.58 | 2.32 | |||||||||||||||||
Class I | 1,000.00 | 1,176.70 | 5.45(B | ) | 1,019.79 | 5.06 | 1.01 | |||||||||||||||||
Class I2 | 1,000.00 | 1,177.10 | 4.59(B | ) | 1,020.58 | 4.26 | 0.85 | |||||||||||||||||
Transamerica High Yield Bond | ||||||||||||||||||||||||
Class A | 1,000.00 | 1,073.40 | 5.40(B | ) | 1,019.59 | 5.26 | 1.05 | |||||||||||||||||
Class B | 1,000.00 | 1,069.00 | 9.44(B | ) | 1,015.67 | 9.20 | 1.84 | |||||||||||||||||
Class C | 1,000.00 | 1,069.70 | 9.03(B | ) | 1,016.07 | 8.80 | 1.76 | |||||||||||||||||
Class I | 1,000.00 | 1,074.40 | 4.01(B | ) | 1,020.93 | 3.91 | 0.78 | |||||||||||||||||
Class I2 | 1,000.00 | 1,075.90 | 3.45(B | ) | 1,021.47 | 3.36 | 0.67 | |||||||||||||||||
Transamerica Income & Growth | ||||||||||||||||||||||||
Class A | 1,000.00 | 1,127.10 | 6.28(B | ) | 1,018.89 | 5.96 | 1.19 | |||||||||||||||||
Class C | 1,000.00 | 1,122.30 | 9.84(B | ) | 1,015.52 | 9.35 | 1.87 | |||||||||||||||||
Class I | 1,000.00 | 1,128.40 | 4.91(B | ) | 1,020.18 | 4.66 | 0.93 | |||||||||||||||||
Class I2 | 1,000.00 | 1,128.70 | 4.43(B | ) | 1,020.63 | 4.21 | 0.84 | |||||||||||||||||
Transamerica International Bond | ||||||||||||||||||||||||
Class A | 1,000.00 | 951.90 | 5.08(B | ) | 1,018.84 | 5.26 | 1.05 | |||||||||||||||||
Class C | 1,000.00 | 948.40 | 8.45(B | ) | 1,016.12 | 8.75 | 1.75 | |||||||||||||||||
Class I | 1,000.00 | 952.50 | 3.63(B | ) | 1,021.08 | 3.76 | 0.75 | |||||||||||||||||
Class I2 | 1,000.00 | 952.50 | 3.53(B | ) | 1,021.18 | 3.66 | 0.73 | |||||||||||||||||
Transamerica International Equity | ||||||||||||||||||||||||
Class A | 1,000.00 | 1,151.50 | 7.68(B | ) | 1,017.70 | 7.20 | 1.44 | |||||||||||||||||
Class C | 1,000.00 | 1,148.00 | 10.86(B | ) | 1,014.68 | 10.19 | 2.04 | |||||||||||||||||
Class I | 1,000.00 | 1,153.30 | 5.45(B | ) | 1,019.74 | 5.11 | 1.02 | |||||||||||||||||
Class I2 | 1,000.00 | 1,154.30 | 4.91(B | ) | 1,020.23 | 4.61 | 0.92 | |||||||||||||||||
Transamerica International Small Cap Value | ||||||||||||||||||||||||
Class I | 1,000.00 | 1,097.00 | 4.00(C | ) | 1,018.75 | 6.11 | 1.22 | |||||||||||||||||
Class I2 | 1,000.00 | 1,097.00 | 4.00(C | ) | 1,018.75 | 6.11 | 1.22 | |||||||||||||||||
Transamerica Large Cap Growth | ||||||||||||||||||||||||
Class A | 1,000.00 | 1,107.00 | 6.11(B | ) | 1,018.99 | 5.86 | 1.17 | |||||||||||||||||
Class C | 1,000.00 | 1,105.70 | 9.66(B | ) | 1,015.62 | 9.25 | 1.85 | |||||||||||||||||
Class I | 1,000.00 | 1,109.50 | 4.86(B | ) | 1,020.18 | 4.66 | 0.93 | |||||||||||||||||
Class I2 | 1,000.00 | 1,109.90 | 4.19(B | ) | 1,020.83 | 4.01 | 0.80 |
Transamerica Funds | Semi-Annual Report 2013 |
Page 2
Understanding Your Funds’ Expenses (continued)
(unaudited)
Actual Expenses | Hypothetical Expenses(A) | |||||||||||||||||||||||
Fund Name | Beginning Account Value | Ending Account Value | Expenses Paid During Period | Ending Account Value | Expenses Paid During Period(B) | Annualized Expense Ratio | ||||||||||||||||||
Transamerica Large Cap Value | ||||||||||||||||||||||||
Class A | $ | 1,000.00 | $ | 1,166.00 | $ | 6.18(B | ) | $ | 1,019.09 | $ | 5.76 | 1.15 | % | |||||||||||
Class C | 1,000.00 | 1,162.50 | 9.60(B | ) | 1,015.92 | 8.95 | 1.79 | |||||||||||||||||
Class I | 1,000.00 | 1,168.10 | 4.25(B | ) | 1,020.88 | 3.96 | 0.79 | |||||||||||||||||
Class I2 | 1,000.00 | 1,168.80 | 3.71(B | ) | 1,021.37 | 3.46 | 0.69 | |||||||||||||||||
Transamerica Money Market | ||||||||||||||||||||||||
Class A | 1,000.00 | 1,000.00 | 1.24(B | ) | 1,019.14 | 1.25 | 0.25 | |||||||||||||||||
Class B | 1,000.00 | 1,000.00 | 1.24(B | ) | 1,023.56 | 1.25 | 0.25 | |||||||||||||||||
Class C | 1,000.00 | 1,000.00 | 1.24(B | ) | 1,023.56 | 1.25 | 0.25 | |||||||||||||||||
Class I | 1,000.00 | 1,000.10 | 1.19(B | ) | 1,023.60 | 1.20 | 0.24 | |||||||||||||||||
Class I2 | 1,000.00 | 1,000.10 | 1.09(B | ) | 1,023.70 | 1.10 | 0.22 | |||||||||||||||||
Transamerica Multi-Managed Balanced | ||||||||||||||||||||||||
Class A | 1,000.00 | 1,088.50 | 7.20(B | ) | 1,017.90 | 6.95 | 1.39 | |||||||||||||||||
Class B | 1,000.00 | 1,084.20 | 11.89(B | ) | 1,013.39 | 11.48 | 2.30 | |||||||||||||||||
Class C | 1,000.00 | 1,085.40 | 10.39(B | ) | 1,014.83 | 10.04 | 2.01 | |||||||||||||||||
Class I | 1,000.00 | 1,091.00 | 5.08(B | ) | 1,019.94 | 4.91 | 0.98 | |||||||||||||||||
Transamerica Short-Term Bond | ||||||||||||||||||||||||
Class A | 1,000.00 | 1,019.10 | 4.11(B | ) | 1,020.48 | 4.11 | 0.82 | |||||||||||||||||
Class C | 1,000.00 | 1,015.20 | 7.94(B | ) | 1,016.91 | 7.95 | 1.59 | |||||||||||||||||
Class I | 1,000.00 | 1,019.20 | 3.10(B | ) | 1,021.72 | 3.11 | 0.62 | |||||||||||||||||
Class I2 | 1,000.00 | 1,020.70 | 2.66(B | ) | 1,022.17 | 2.66 | 0.53 | |||||||||||||||||
Transamerica Small Cap Growth | ||||||||||||||||||||||||
Class A | 1,000.00 | 1,108.90 | 6.69(B | ) | 1,018.50 | 6.41 | 1.28 | |||||||||||||||||
Class C | 1,000.00 | 1,104.60 | 10.18(B | ) | 1,015.13 | 9.74 | 1.95 | |||||||||||||||||
Class I | 1,000.00 | 1,108.70 | 5.59(B | ) | 1,019.49 | 5.36 | 1.07 | |||||||||||||||||
Class I2 | 1,000.00 | 1,109.90 | 4.87(B | ) | 1,020.18 | 4.66 | 0.93 | |||||||||||||||||
Transamerica Small Cap Value | ||||||||||||||||||||||||
Class A | 1,000.00 | 1,163.40 | 7.78(B | ) | 1,013.04 | 7.25 | 1.45 | |||||||||||||||||
Class C | 1,000.00 | 1,161.10 | 10.66(B | ) | 1,014.93 | 9.94 | 1.99 | |||||||||||||||||
Class I | 1,000.00 | 1,166.00 | 5.64(B | ) | 1,019.59 | 5.26 | 1.05 | |||||||||||||||||
Class I2 | 1,000.00 | 1,166.70 | 5.10(B | ) | 1,020.08 | 4.76 | 0.95 | |||||||||||||||||
Transamerica Small/Mid Cap Value | ||||||||||||||||||||||||
Class A | 1,000.00 | 1,162.00 | 7.40(B | ) | 1,017.95 | 6.90 | 1.38 | |||||||||||||||||
Class B | 1,000.00 | 1,157.70 | 11.23(B | ) | 1,014.38 | 10.49 | 2.10 | |||||||||||||||||
Class C | 1,000.00 | 1,157.90 | 11.02(B | ) | 1,014.58 | 10.29 | 2.06 | |||||||||||||||||
Class I | 1,000.00 | 1,164.50 | 5.31(B | ) | 1,019.89 | 4.96 | 0.99 | |||||||||||||||||
Class I2 | 1,000.00 | 1,164.80 | 4.78(B | ) | 1,020.38 | 4.46 | 0.89 | |||||||||||||||||
Transamerica Tactical Allocation | ||||||||||||||||||||||||
Class A | 1,000.00 | 1,060.30 | 5.87(B | ) | 997.03 | 5.76 | 1.15 | |||||||||||||||||
Class C | 1,000.00 | 1,056.80 | 9.38(B | ) | 1,015.67 | 9.20 | 1.84 | |||||||||||||||||
Class I | 1,000.00 | 1,062.80 | 4.35(B | ) | 1,020.58 | 4.26 | 0.85 | |||||||||||||||||
Transamerica Tactical Income | ||||||||||||||||||||||||
Class A | 1,000.00 | 1,044.00 | 4.46(B | ) | 1,020.23 | 4.41 | 0.88 | |||||||||||||||||
Class C | 1,000.00 | 1,039.30 | 8.29(B | ) | 1,016.66 | 8.20 | 1.64 | |||||||||||||||||
Class I | 1,000.00 | 1,044.10 | 3.40(B | ) | 1,021.47 | 3.36 | 0.67 | |||||||||||||||||
Transamerica Tactical Rotation | ||||||||||||||||||||||||
Class A | 1,000.00 | 1,096.10 | 5.98(B | ) | 974.41 | 5.76 | 1.15 | |||||||||||||||||
Class C | 1,000.00 | 1,092.10 | 9.60(B | ) | 1,015.62 | 9.25 | 1.85 | |||||||||||||||||
Class I | 1,000.00 | 1,098.60 | 4.37(B | ) | 1,020.63 | 4.21 | 0.84 |
(A) | 5% return per year before expenses. |
(B) | 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 (181 days), and divided by the number of days in the year (365 days). |
(C) | Fund commenced operations on January 4, 2013. 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 (114 days), and divided by the number of days in the year (365 days). For comparability purposes, hypothetical expenses assume that the fund was in operation for the entire six-month period ended April 30, 2013. Thus, the hypothetical 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 (181 days), and divided by the number of days in the year (365 days). |
Transamerica Funds | Semi-Annual Report 2013 |
Page 3
Schedules of Investments Composition
At April 30, 2013
(The following charts summarize the Schedule of Investments of each fund by asset type)
(unaudited)
Transamerica Capital Growth | % of Net Assets | |||
Common Stocks | 94.7 | % | ||
Securities Lending Collateral | 11.1 | |||
Repurchase Agreement | 5.0 | |||
Preferred Stock | 0.0 | |||
Other Assets and Liabilities - Net | (10.8 | ) | ||
Total | 100.0 | % | ||
|
| |||
Transamerica Diversified Equity | % of Net Assets | |||
Common Stocks | 98.1 | % | ||
Securities Lending Collateral | 4.3 | |||
Repurchase Agreement | 1.0 | |||
Other Assets and Liabilities - Net | (3.4 | ) | ||
Total | 100.0 | % | ||
|
| |||
Transamerica Dividend Focused | % of Net Assets | |||
Common Stocks | 93.6 | % | ||
Securities Lending Collateral | 10.6 | |||
Repurchase Agreement | 6.3 | |||
Other Assets and Liabilities - Net | (10.5 | ) | ||
Total | 100.0 | % | ||
|
| |||
Transamerica Emerging Markets Debt | % of Net Assets | |||
Foreign Government Obligations | 57.8 | % | ||
Corporate Debt Securities | 39.0 | |||
Securities Lending Collateral | 10.1 | |||
Repurchase Agreement | 1.8 | |||
Other Assets and Liabilities - Net(A) | (8.7 | ) | ||
Total | 100.0 | % | ||
|
| |||
Transamerica Emerging Markets Equity | % of Net Assets | |||
Common Stocks | 95.9 | % | ||
Securities Lending Collateral | 6.7 | |||
Preferred Stocks | 1.6 | |||
Repurchase Agreement | 1.6 | |||
Other Assets and Liabilities - Net | (5.8 | ) | ||
Total | 100.0 | % | ||
|
|
Transamerica Enhanced Muni | % of Net Assets | |||
Illinois | 14.3 | % | ||
California | 10.5 | |||
Florida | 9.7 | |||
Michigan | 9.3 | |||
Pennsylvania | 9.0 | |||
Texas | 7.3 | |||
Puerto Rico | 3.8 | |||
Ohio | 3.8 | |||
Colorado | 3.5 | |||
Georgia | 3.3 | |||
New Jersey | 2.5 | |||
South Carolina | 2.2 | |||
Oregon | 2.1 | |||
Alaska | 2.0 | |||
New York | 1.5 | |||
Massachusetts | 1.4 | |||
Idaho | 1.3 | |||
Indiana | 1.3 | |||
Missouri | 1.2 | |||
Maryland | 1.1 | |||
Connecticut | 1.1 | |||
Mississippi | 1.0 | |||
Arizona | 0.9 | |||
Nevada | 0.9 | |||
Utah | 0.7 | |||
North Carolina | 0.7 | |||
Minnesota | 0.7 | |||
Rhode Island | 0.4 | |||
Nebraska | 0.2 | |||
District of Columbia | 0.2 | |||
Washington | 0.2 | |||
Wisconsin | 0.2 | |||
New Mexico | 0.2 | |||
Kentucky | 0.2 | |||
Other Assets and Liabilities - Net | 1.3 | |||
Total | 100.0 | % | ||
|
| |||
Transamerica Flexible Income | % of Net Assets | |||
Corporate Debt Securities | 64.1 | % | ||
Securities Lending Collateral | 10.8 | |||
U.S. Government Obligations | 9.0 | |||
Mortgage-Backed Securities | 7.0 | |||
Repurchase Agreement | 5.8 | |||
Asset-Backed Securities | 4.2 | |||
Foreign Government Obligations | 3.7 | |||
Preferred Stocks | 1.6 | |||
Preferred Corporate Debt Security | 1.5 | |||
Municipal Government Obligations | 1.3 | |||
Convertible Bonds | 1.0 | |||
Common Stocks | 0.9 | |||
Loan Assignments | 0.6 | |||
Warrant | 0.6 | |||
U.S. Government Agency Obligation | 0.1 | |||
Other Assets and Liabilities - Net | (12.2 | ) | ||
Total | 100.0 | % | ||
|
|
Transamerica Funds | Semi-Annual Report 2013 |
Page 4
Schedules of Investments Composition (continued)
At April 30, 2013
(The following charts summarize the Schedule of Investments of each fund by asset type)
(unaudited)
Transamerica Growth Opportunities | % of Net Assets | |||
Common Stocks | 93.1 | % | ||
Securities Lending Collateral | 16.6 | |||
Repurchase Agreement | 6.2 | |||
Preferred Stocks | 0.2 | |||
Convertible Preferred Stocks | 0.1 | |||
Other Assets and Liabilities - Net | (16.2 | ) | ||
Total | 100.0 | % | ||
|
| |||
Transamerica High Yield Bond | % of Net Assets | |||
Corporate Debt Securities | 88.9 | % | ||
Securities Lending Collateral | 15.3 | |||
Convertible Bonds | 3.0 | |||
Preferred Stocks | 2.4 | |||
Common Stocks | 1.3 | |||
Preferred Corporate Debt Security | 0.9 | |||
Loan Assignments | 0.5 | |||
Repurchase Agreement | 0.4 | |||
Warrants | 0.0 | (B) | ||
Other Assets and Liabilities - Net | (12.7 | ) | ||
Total | 100.0 | % | ||
|
| |||
Transamerica Income & Growth | % of Net Assets | |||
Common Stocks | 98.2 | % | ||
Securities Lending Collateral | 14.8 | |||
Repurchase Agreement | 5.9 | |||
Other Assets and Liabilities - Net | (18.9 | ) | ||
Total | 100.0 | % | ||
|
| |||
Transamerica International Bond | % of Net Assets | |||
Foreign Government Obligations | 71.8 | % | ||
Corporate Debt Securities | 22.6 | |||
Mortgage-Backed Securities | 2.2 | |||
Securities Lending Collateral | 1.7 | |||
Asset-Backed Securities | 0.5 | |||
Repurchase Agreement | 0.3 | |||
Other Assets and Liabilities - Net(A) | 0.9 | |||
Total | 100.0 | % | ||
|
| |||
Transamerica International Equity | % of Net Assets | |||
Common Stocks | 97.2 | % | ||
Securities Lending Collateral | 4.9 | |||
Repurchase Agreement | 2.3 | |||
Preferred Stock | 0.7 | |||
Other Assets and Liabilities - Net | (5.1 | ) | ||
Total | 100.0 | % | ||
|
| |||
Transamerica International Small Cap Value | % of Net Assets | |||
Common Stocks | 96.5 | % | ||
Securities Lending Collateral | 5.3 | |||
Repurchase Agreement | 1.8 | |||
Preferred Stock | 1.2 | |||
Other Assets and Liabilities - Net | (4.8 | ) | ||
Total | 100.0 | % | ||
|
|
Transamerica Large Cap Growth | % of Net Assets | |||
Common Stocks | 98.5 | % | ||
Securities Lending Collateral | 16.5 | |||
Investment Companies | 1.2 | |||
Repurchase Agreement | 0.3 | |||
Other Assets and Liabilities - Net | (16.5 | ) | ||
Total | 100.0 | % | ||
|
| |||
Transamerica Large Cap Value | % of Net Assets | |||
Common Stocks | 99.3 | % | ||
Securities Lending Collateral | 2.1 | |||
Repurchase Agreement | 1.7 | |||
Other Assets and Liabilities - Net | (3.1 | ) | ||
Total | 100.0 | % | ||
|
| |||
Transamerica Money Market | % of Net Assets | |||
Commercial Paper | 64.4 | % | ||
Repurchase Agreements | 27.4 | |||
Certificates of Deposit | 3.7 | |||
Corporate Debt Securities | 2.8 | |||
Demand Note | 1.1 | |||
Asset-Backed Securities | 0.5 | |||
Other Assets and Liabilities - Net | 0.1 | |||
Total | 100.0 | % | ||
|
| |||
Transamerica Multi-Managed Balanced | % of Net Assets | |||
Common Stocks | 60.1 | % | ||
U.S. Government Agency Obligations | 15.9 | |||
Corporate Debt Securities | 11.5 | |||
Mortgage-Backed Securities | 5.8 | |||
Asset-Backed Securities | 4.8 | |||
Securities Lending Collateral | 4.7 | |||
Short-Term Investment Company | 4.0 | |||
U.S. Government Obligations | 1.4 | |||
Repurchase Agreement | 1.2 | |||
Foreign Government Obligations | 0.8 | |||
Structured Notes Debt | 0.2 | |||
Preferred Corporate Debt Securities | 0.1 | |||
Short-Term U.S. Government Obligation | 0.1 | |||
Preferred Stocks | 0.1 | |||
Purchased Options | 0.0 | (B) | ||
Other Assets and Liabilities - Net(A) | (10.7 | ) | ||
Total | 100.0 | % | ||
|
| |||
Transamerica Short-Term Bond | % of Net Assets | |||
Corporate Debt Securities | 63.3 | % | ||
Mortgage-Backed Securities | 21.4 | |||
Asset-Backed Securities | 8.7 | |||
Repurchase Agreement | 3.1 | |||
Securities Lending Collateral | 2.5 | |||
Loan Assignments | 2.0 | |||
Municipal Government Obligation | 0.5 | |||
U.S. Government Agency Obligation | 0.0 | (B) | ||
Other Assets and Liabilities - Net | (1.5 | ) | ||
Total | 100.0 | % | ||
|
|
Transamerica Funds | Semi-Annual Report 2013 |
Page 5
Schedules of Investments Composition (continued)
At April 30, 2013
(The following charts summarize the Schedule of Investments of each fund by asset type)
(unaudited)
Transamerica Small Cap Growth | % of Net Assets | |||
Common Stocks | 95.9 | % | ||
Securities Lending Collateral | 23.5 | |||
Repurchase Agreement | 7.8 | |||
Other Assets and Liabilities - Net | (27.2 | ) | ||
Total | 100.0 | % | ||
|
| |||
Transamerica Small Cap Value | % of Net Assets | |||
Common Stocks | 95.9 | % | ||
Securities Lending Collateral | 18.4 | |||
Repurchase Agreement | 7.0 | |||
Other Assets and Liabilities - Net | (21.3 | ) | ||
Total | 100.0 | % | ||
|
| |||
Transamerica Small/Mid Cap Value | % of Net Assets | |||
Common Stocks | 97.7 | % | ||
Securities Lending Collateral | 8.2 | |||
Repurchase Agreement | 2.7 | |||
Other Assets and Liabilities - Net | (8.6 | ) | ||
Total | 100.0 | % | ||
|
| |||
Transamerica Tactical Allocation | % of Net Assets | |||
Investment Companies | 98.7 | % | ||
Securities Lending Collateral | 2.3 | |||
Repurchase Agreement | 2.0 | |||
Other Assets and Liabilities - Net | (3.0 | ) | ||
Total | 100.0 | % | ||
|
| |||
Transamerica Tactical Income | % of Net Assets | |||
Investment Companies | 99.1 | % | ||
Securities Lending Collateral | 20.5 | |||
Repurchase Agreement | 0.5 | |||
Other Assets and Liabilities - Net | (20.1 | ) | ||
Total | 100.0 | % | ||
|
| |||
Transamerica Tactical Rotation | % of Net Assets | |||
Investment Companies | 96.1 | % | ||
Securities Lending Collateral | 24.8 | |||
Repurchase Agreement | 5.5 | |||
Other Assets and Liabilities - Net | (26.4 | ) | ||
Total | 100.0 | % | ||
|
|
(A) | The Other Assets and Liabilities - Net category may include, but is not limited to, Reverse Repurchase Agreements, Forward Foreign Currency Contracts, Futures Contracts, Swap Agreements, Written Options and Swaptions, Securities Sold Short, TBA Short Commitments, and Cash Collateral. |
(B) | Amount rounds to less than 0.1%. |
Transamerica Funds | Semi-Annual Report 2013 |
Page 6
Transamerica Capital Growth
SCHEDULE OF INVESTMENTS
At April 30, 2013
(unaudited)
Shares | Value | |||||||
PREFERRED STOCK - 0.0% |
| |||||||
Automobiles - 0.0% |
| |||||||
Better Place - Series C (A) (B) (C) (D) | 1,099,962 | $ — | ||||||
|
| |||||||
Total Preferred Stock (cost $4,993,827) |
| — | ||||||
|
| |||||||
COMMON STOCKS - 94.7% | ||||||||
Automobiles - 1.5% | ||||||||
Tesla Motors, Inc. (B) (E) | 187,353 | 10,115,188 | ||||||
Capital Markets - 2.6% | ||||||||
BlackRock, Inc. - Class A | 66,633 | 17,757,695 | ||||||
Chemicals - 3.1% | ||||||||
Monsanto Co. | 193,401 | 20,659,095 | ||||||
Commercial Services & Supplies - 3.5% | ||||||||
Edenred | 709,896 | 23,634,218 | ||||||
Communications Equipment - 3.5% | ||||||||
Motorola Solutions, Inc. | 414,744 | 23,723,357 | ||||||
Computers & Peripherals - 4.2% | ||||||||
Apple, Inc. | 64,742 | 28,664,520 | ||||||
Diversified Financial Services - 3.9% | ||||||||
CME Group, Inc. - Class A | 156,456 | 9,521,912 | ||||||
McGraw-Hill Cos., Inc. | 171,899 | 9,301,455 | ||||||
MSCI, Inc. - Class A (B) | 226,463 | 7,722,388 | ||||||
Electrical Equipment - 1.7% | ||||||||
First Solar, Inc. (B) (E) | 246,353 | 11,470,196 | ||||||
Food Products - 6.2% | ||||||||
DE Master Blenders 1753 NV (B) | 490,042 | 7,770,147 | ||||||
Mead Johnson Nutrition Co. - Class A | 136,803 | 11,093,355 | ||||||
Nestle SA - ADR | 323,851 | 23,067,907 | ||||||
Health Care Equipment & Supplies - 2.9% | ||||||||
Intuitive Surgical, Inc. (B) | 39,385 | 19,388,842 | ||||||
Hotels, Restaurants & Leisure - 2.6% | ||||||||
Starbucks Corp. | 289,078 | 17,587,506 | ||||||
Insurance - 4.4% | ||||||||
American International Group, Inc. (B) | 172,540 | 7,146,607 | ||||||
Arch Capital Group, Ltd. (B) (E) | 111,385 | 5,910,088 | ||||||
Progressive Corp. | 655,130 | 16,568,238 | ||||||
Internet & Catalog Retail - 11.8% | ||||||||
Amazon.com, Inc. (B) | 194,507 | 49,367,822 | ||||||
Groupon, Inc. - Class A (B) (E) | 1,386,384 | 8,456,942 | ||||||
priceline.com, Inc. (B) | 31,693 | 22,058,011 | ||||||
Internet Software & Services - 18.6% | ||||||||
Baidu, Inc. - ADR (B) | 153,720 | 13,196,862 | ||||||
Facebook, Inc. - Class A (B) | 1,553,926 | 43,136,986 | ||||||
Google, Inc. - Class A (B) | 60,827 | 50,156,119 | ||||||
LinkedIn Corp. - Class A (B) | 60,638 | 11,647,954 | ||||||
Yandex NV - Class A (B) | 276,668 | 7,121,434 |
Shares | Value | |||||||
IT Services - 7.2% | ||||||||
Mastercard, Inc. - Class A | 42,895 | $ 23,717,932 | ||||||
Visa, Inc. - Class A | 145,941 | 24,585,221 | ||||||
Life Sciences Tools & Services - 2.9% | ||||||||
Illumina, Inc. (B) (E) | 308,003 | 19,924,714 | ||||||
Media - 1.4% | ||||||||
Naspers, Ltd. - Class N | 137,572 | 9,206,217 | ||||||
Oil, Gas & Consumable Fuels - 1.3% | ||||||||
Range Resources Corp. | 123,168 | 9,055,311 | ||||||
Pharmaceuticals - 2.7% | ||||||||
Valeant Pharmaceuticals International, Inc. (B) | 239,974 | 18,257,222 | ||||||
Professional Services - 3.0% | ||||||||
Intertek Group PLC | 186,504 | 9,583,473 | ||||||
Verisk Analytics, Inc. - Class A (B) | 173,187 | 10,614,631 | ||||||
Real Estate Management & Development - 1.5% |
| |||||||
Brookfield Asset Management, Inc. - Class A | 260,436 | 10,050,225 | ||||||
Software - 3.3% | ||||||||
Salesforce.com, Inc. (B) (E) | 376,601 | 15,482,067 | ||||||
Workday, Inc. - Class A (B) | 105,029 | 6,580,067 | ||||||
Textiles, Apparel & Luxury Goods - 0.9% |
| |||||||
Coach, Inc. - Class A (E) | 101,463 | 5,972,112 | ||||||
|
| |||||||
Total Common Stocks (cost $514,039,962) |
| 639,274,036 | ||||||
|
| |||||||
SECURITIES LENDING COLLATERAL - 11.1% |
| |||||||
State Street Navigator Securities Lending Trust - Prime Portfolio, | 74,750,237 | 74,750,237 | ||||||
|
| |||||||
Total Securities Lending Collateral (cost $74,750,237) |
| 74,750,237 | ||||||
|
| |||||||
Principal | Value | |||||||
REPURCHASE AGREEMENT - 5.0% | ||||||||
State Street Bank & Trust Co. | $ 33,578,383 | 33,578,383 | ||||||
|
| |||||||
Total Repurchase Agreement (cost $33,578,383) |
| 33,578,383 | ||||||
|
| |||||||
Total Investment Securities (cost $627,362,409) (G) |
| 747,602,656 | ||||||
Other Assets and Liabilities - Net | (72,575,060 | ) | ||||||
|
| |||||||
Net Assets | $ 675,027,596 | |||||||
|
|
NOTES TO SCHEDULE OF INVESTMENTS:
(A) | Restricted security. At April 30, 2013, the fund owned the respective securities which were restricted as to public resale: |
Investment Securities | Description | Acquisition Date | Cost | Value | Value as % of Net Assets | |||||||||||||||||
Preferred Stock | Better Place - Series C | 11/11/2011 | $ | 4,993,827 | $ | — | 0.00 | % |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 7
Transamerica Capital Growth
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
NOTES TO SCHEDULE OF INVESTMENTS (continued):
(B) | Non-income producing security. |
(C) | 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 $0, or less than 0.01% of the fund’s net assets. |
(D) | Illiquid. Total aggregate market value of illiquid securities is $0, or less than 0.01% of the fund’s net assets. |
(E) | All or a portion of this security is on loan. The value of all securities on loan is $73,158,875. The amount of securities on loan indicated may not correspond with the securities on loan identified because securities with pending sales are in the process of recall from the brokers. |
(F) | Rate shown reflects the yield at April 30, 2013. |
(G) | Aggregate cost for federal income tax purposes is $627,362,409. Aggregate gross unrealized appreciation and depreciation for all securities in which there is an excess of value over tax cost were $142,943,259 and $22,703,012, respectively. Net unrealized appreciation for tax purposes is $120,240,247. |
DEFINITION:
ADR | American Depositary Receipt |
VALUATION SUMMARY: (H)
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
ASSETS | ||||||||||||||||
Investment Securities | ||||||||||||||||
Preferred Stock | ||||||||||||||||
Automobiles | $ | — | $ | — | $ | 0 | $ | 0 | ||||||||
Common Stocks | 589,079,981 | 50,194,055 | — | 639,274,036 | ||||||||||||
Securities Lending Collateral | 74,750,237 | — | — | 74,750,237 | ||||||||||||
Repurchase Agreement | — | 33,578,383 | — | 33,578,383 | ||||||||||||
Total Investment Securities | $ | 663,830,218 | $ | 83,772,438 | $ | 0 | $ | 747,602,656 | ||||||||
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
LIABILITIES | ||||||||||||||||
Other Liabilities (I) | ||||||||||||||||
Collateral for Securities on Loan | $ | — | $ | (74,750,237 | ) | $ | — | $ | (74,750,237 | ) | ||||||
Total Other Liabilities | $ | — | $ | (74,750,237 | ) | $ | — | $ | (74,750,237 | ) |
(H) | Transfers between levels are considered to have occurred at the end of the reporting period. There were no transfers between Levels 1 and 2 during the period ended April 30, 2013. See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
(I) | Certain assets and liabilities are held at carrying amount or face value, which approximates fair value for financial reporting purposes. |
Level 3 Rollforward - Investment Securities
Securities | Beginning Balance at October 31, 2012 | Purchases | Sales (J) | Accrued Discounts (Premiums) | Total Realized Gain (Loss) | Net Change in Unrealized Appreciation (Depreciation) (K) | Transfers into Level 3 | Transfer out of Level 3 | Ending Balance at April 30, 2013 (L) | Net Change in Unrealized Appreciation (Depreciation) on Investments Held at April 30, 2013 (K) | ||||||||||||||||||||||||||||||
Common Stock | $ | 15,877,995 | $ | — | $ | (23,327,498 | ) | $ | — | $ | — | $ | 7,449,503 | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||||
Preferred Stock | 109,996 | — | — | — | — | (109,996 | ) | — | — | 0 | (109,996 | ) | ||||||||||||||||||||||||||||
Total | $ | 15,987,991 | $ | — | $ | (23,327,498 | ) | $ | — | $ | — | $ | 7,339,507 | $ | — | $ | — | $ | 0 | $ | (109,996 | ) |
(J) | Sales include all sales of securities, maturities, paydowns and securities tendered in a corporate action. |
(K) | Any difference between Net Change in Unrealized Appreciation (Depreciation) and Net Change in Unrealized Appreciation (Depreciation) on Investments Held at April 30, 2013 may be due to an investment no longer held or categorized as Level 3 at period end. |
(L) | Inputs used in the valuation of the Level 3 securities were not considered significant unobservable inputs. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 8
Transamerica Diversified Equity
SCHEDULE OF INVESTMENTS
At April 30, 2013
(unaudited)
Shares | Value | |||||||
COMMON STOCKS - 98.1% |
| |||||||
Aerospace & Defense - 4.9% |
| |||||||
Boeing Co. | 320,556 | $ 29,302,024 | ||||||
Honeywell International, Inc. | 314,394 | 23,120,535 | ||||||
United Technologies Corp. | 241,295 | 22,027,820 | ||||||
Automobiles - 0.5% | ||||||||
Ford Motor Co. | 523,246 | 7,173,703 | ||||||
Beverages - 2.4% | ||||||||
Anheuser-Busch InBev NV - ADR (A) | 136,212 | 13,024,592 | ||||||
Coca-Cola Co. | 546,043 | 23,114,000 | ||||||
Biotechnology - 6.2% | ||||||||
Amgen, Inc. | 356,058 | 37,104,804 | ||||||
Biogen IDEC, Inc. (B) | 82,414 | 18,042,897 | ||||||
Celgene Corp. (B) | 166,589 | 19,669,163 | ||||||
Gilead Sciences, Inc. (B) | 407,095 | 20,615,291 | ||||||
Chemicals - 2.3% | ||||||||
Monsanto Co. | 236,386 | 25,250,752 | ||||||
Sherwin-Williams Co. | 55,324 | 10,130,378 | ||||||
Commercial Services & Supplies - 0.7% | ||||||||
ADT Corp. (B) | 136,600 | 5,961,224 | ||||||
Tyco International, Ltd. | 156,362 | 5,022,347 | ||||||
Communications Equipment - 6.2% | ||||||||
Cisco Systems, Inc. | 3,854,084 | 80,627,437 | ||||||
Emulex Corp. (A) (B) | 424,595 | 2,547,570 | ||||||
F5 Networks, Inc. - Class B (B) | 26,090 | 1,994,059 | ||||||
QUALCOMM, Inc. | 162,652 | 10,022,616 | ||||||
Computers & Peripherals - 5.0% | ||||||||
Apple, Inc. | 77,523 | 34,323,308 | ||||||
NetApp, Inc. (B) | 635,888 | 22,186,132 | ||||||
QLogic Corp. (B) | 193,908 | 2,105,841 | ||||||
SanDisk Corp. (B) | 210,242 | 11,025,091 | ||||||
Western Digital Corp. | 122,256 | 6,758,312 | ||||||
Consumer Finance - 1.4% | ||||||||
American Express Co. | 307,216 | 21,016,647 | ||||||
Diversified Consumer Services - 0.1% | ||||||||
ITT Educational Services, Inc. (A) (B) | 46,438 | 850,280 | ||||||
Diversified Financial Services - 2.2% | ||||||||
Bank of America Corp. | 1,585,291 | 19,514,932 | ||||||
JPMorgan Chase & Co. | 273,537 | 13,406,049 | ||||||
Diversified Telecommunication Services - 2.5% |
| |||||||
Verizon Communications, Inc. | 708,673 | 38,204,561 | ||||||
Energy Equipment & Services - 1.8% | ||||||||
Diamond Offshore Drilling, Inc. | 76,796 | 5,306,604 | ||||||
Oceaneering International, Inc. | 168,142 | 11,798,524 | ||||||
Transocean, Ltd. (B) | 188,356 | 9,694,683 | ||||||
Food & Staples Retailing - 5.2% | ||||||||
Costco Wholesale Corp. | 186,398 | 20,211,135 | ||||||
CVS Caremark Corp. | 346,459 | 20,156,985 | ||||||
Wal-Mart Stores, Inc. | 496,555 | 38,592,254 | ||||||
Food Products - 0.7% | ||||||||
Green Mountain Coffee Roasters, Inc. - Series C (A) (B) | 187,734 | 10,775,932 | ||||||
Health Care Equipment & Supplies - 3.9% | ||||||||
Abbott Laboratories | 576,182 | 21,272,640 | ||||||
Edwards Lifesciences Corp. (B) | 83,662 | 5,336,799 | ||||||
Hologic, Inc. (B) | 242,920 | 4,948,280 | ||||||
Medtronic, Inc. | 298,406 | 13,929,592 | ||||||
Zimmer Holdings, Inc. - Class A | 181,564 | 13,880,568 |
Shares | Value | |||||||
Health Care Providers & Services - 1.6% | ||||||||
Aetna, Inc. | 176,244 | $ | 10,123,455 | |||||
McKesson Corp. | 141,458 | 14,969,086 | ||||||
Hotels, Restaurants & Leisure - 1.8% | ||||||||
Starwood Hotels & Resorts Worldwide, Inc. | 188,800 | 12,181,376 | ||||||
Wyndham Worldwide Corp. | 114,681 | 6,890,035 | ||||||
Wynn Resorts, Ltd. | 56,554 | 7,764,864 | ||||||
Household Products - 0.3% | ||||||||
Colgate-Palmolive Co. | 35,293 | 4,214,337 | ||||||
Industrial Conglomerates - 3.3% | ||||||||
3M Co. | 216,548 | 22,674,741 | ||||||
Danaher Corp. | 236,354 | 14,403,413 | ||||||
General Electric Co. | 594,845 | 13,259,095 | ||||||
Internet & Catalog Retail - 1.6% | ||||||||
Amazon.com, Inc. (B) | 65,438 | 16,608,819 | ||||||
priceline.com, Inc. (B) | 11,171 | 7,774,904 | ||||||
Internet Software & Services - 6.3% | ||||||||
eBay, Inc. (B) | 323,522 | 16,949,317 | ||||||
Google, Inc. - Class A (B) | 56,882 | 46,903,191 | ||||||
IAC/InterActiveCorp | 382,688 | 18,013,124 | ||||||
Yahoo! Inc. (B) | 560,808 | 13,868,782 | ||||||
IT Services - 3.1% | ||||||||
International Business Machines Corp. | 87,871 | 17,797,392 | ||||||
Paychex, Inc. (A) | 201,931 | 7,352,308 | ||||||
Visa, Inc. - Class A | 136,288 | 22,959,077 | ||||||
Life Sciences Tools & Services - 0.4% | ||||||||
Bruker Corp. (B) | 373,760 | 6,641,715 | ||||||
Machinery - 1.4% | ||||||||
Dover Corp. | 90,873 | 6,268,419 | ||||||
Illinois Tool Works, Inc. - Class A | 66,153 | 4,270,838 | ||||||
Parker Hannifin Corp. | 127,588 | 11,300,469 | ||||||
Media - 4.4% | ||||||||
Comcast Corp. - Class A | 573,979 | 23,705,333 | ||||||
News Corp. - Class A | 498,644 | 15,443,004 | ||||||
Omnicom Group, Inc. (A) | 301,362 | 18,012,407 | ||||||
Sirius XM Radio, Inc. | 3,198,412 | 10,394,839 | ||||||
Metals & Mining - 0.2% | ||||||||
Allied Nevada Gold Corp. (A) (B) | 234,059 | 2,504,431 | ||||||
Multiline Retail - 0.7% | ||||||||
Dollar Tree, Inc. (B) | 227,145 | 10,803,016 | ||||||
Oil, Gas & Consumable Fuels - 0.7% | ||||||||
Valero Energy Corp. | 279,475 | 11,268,432 | ||||||
Pharmaceuticals - 4.6% | ||||||||
AbbVie, Inc. - Class G | 326,600 | 15,039,930 | ||||||
Eli Lilly & Co. | 406,306 | 22,501,226 | ||||||
Johnson & Johnson | 228,991 | 19,516,903 | ||||||
Merck & Co., Inc. | 288,887 | 13,577,689 | ||||||
Road & Rail - 0.6% | ||||||||
Hertz Global Holdings, Inc. (B) | 397,898 | 9,581,384 | ||||||
Semiconductors & Semiconductor Equipment - 3.5% |
| |||||||
Altera Corp. | 506,020 | 16,197,700 | ||||||
Broadcom Corp. - Class A | 321,945 | 11,590,020 | ||||||
Microchip Technology, Inc. (A) | 304,488 | 11,089,453 | ||||||
Xilinx, Inc. | 380,222 | 14,414,216 | ||||||
Software - 8.8% | ||||||||
BMC Software, Inc. (B) | 163,947 | 7,456,310 | ||||||
Check Point Software Technologies, | 276,372 | 12,884,463 | ||||||
Intuit, Inc. | 118,060 | 7,041,098 | ||||||
Microsoft Corp. | 1,735,831 | 57,456,006 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 9
Transamerica Diversified Equity
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Shares | Value | |||||||
Software (continued) | ||||||||
NetSuite, Inc. (A) (B) | 78,165 | $ 6,875,393 | ||||||
Oracle Corp. | 1,035,365 | 33,939,265 | ||||||
Red Hat, Inc. (B) | 188,269 | 9,023,733 | ||||||
Specialty Retail - 7.0% | ||||||||
Buckle, Inc. (A) | 197,749 | 9,600,714 | ||||||
Home Depot, Inc. | 429,278 | 31,487,541 | ||||||
Lowe’s Cos., Inc. | 720,299 | 27,673,888 | ||||||
O’Reilly Automotive, Inc. (B) | 181,013 | 19,426,315 | ||||||
PetSmart, Inc. - Class A | 102,992 | 7,028,174 | ||||||
TJX Cos., Inc. | 249,804 | 12,182,941 | ||||||
Tobacco - 1.8% | ||||||||
Philip Morris International, Inc. | 291,579 | 27,872,037 | ||||||
|
| |||||||
Total Common Stocks (cost $1,165,350,597) |
| 1,498,822,979 | ||||||
|
| |||||||
SECURITIES LENDING COLLATERAL - 4.3% |
| |||||||
State Street Navigator Securities Lending Trust - Prime Portfolio, 0.18% (C) | 65,902,079 | 65,902,079 | ||||||
|
| |||||||
Total Securities Lending Collateral (cost $65,902,079) |
| 65,902,079 | ||||||
|
|
Principal | Value | |||||||
REPURCHASE AGREEMENT - 1.0% | ||||||||
State Street Bank & Trust Co. | $ | 14,926,402 | $ 14,926,402 | |||||
|
| |||||||
Total Repurchase Agreement (cost $14,926,402) |
| 14,926,402 | ||||||
|
| |||||||
Total Investment Securities (cost $1,246,179,078) (D) |
| 1,579,651,460 | ||||||
Other Assets and Liabilities - Net | (52,229,714 | ) | ||||||
|
| |||||||
Net Assets | $ | 1,527,421,746 | ||||||
|
|
NOTES TO SCHEDULE OF INVESTMENTS:
(A) | All or a portion of this security is on loan. The value of all securities on loan is $64,401,111. The amount of securities on loan indicated may not correspond with the securities on loan identified because securities with pending sales are in the process of recall from the brokers. |
(B) | Non-income producing security. |
(C) | Rate shown reflects the yield at April 30, 2013. |
(D) | Aggregate cost for federal income tax purposes is $1,246,179,078. Aggregate gross unrealized appreciation and depreciation for all securities in which there is an excess of value over tax cost were $345,303,587 and $11,831,205, respectively. Net unrealized appreciation for tax purposes is $333,472,382. |
DEFINITION:
ADR | American Depositary Receipt |
VALUATION SUMMARY: (E)
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
ASSETS | ||||||||||||||||
Investment Securities | ||||||||||||||||
Common Stocks | $ | 1,498,822,979 | $ | — | $ | — | $ | 1,498,822,979 | ||||||||
Securities Lending Collateral | 65,902,079 | — | — | 65,902,079 | ||||||||||||
Repurchase Agreement | — | 14,926,402 | — | 14,926,402 | ||||||||||||
Total Investment Securities | $ | 1,564,725,058 | $ | 14,926,402 | $ | — | $ | 1,579,651,460 | ||||||||
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
LIABILITIES | ||||||||||||||||
Other Liabilities (F) | ||||||||||||||||
Collateral for Securities on Loan | $ | — | $ | (65,902,079 | ) | $ | — | $ | (65,902,079 | ) | ||||||
Total Other Liabilities | $ | — | $ | (65,902,079 | ) | $ | — | $ | (65,902,079 | ) |
(E) | Transfers between levels are considered to have occurred at the end of the reporting period. There were no transfers between Levels 1 and 2 during the period ended April 30, 2013. See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
(F) | Certain assets and liabilities are held at carrying amount or face value, which approximates fair value for financial reporting purposes. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 10
Transamerica Dividend Focused
SCHEDULE OF INVESTMENTS
At April 30, 2013
(unaudited)
Shares | Value | |||||||
COMMON STOCKS - 93.6% |
| |||||||
Aerospace & Defense - 6.1% |
| |||||||
Honeywell International, Inc. | 424,700 | $ 31,232,438 | ||||||
Raytheon Co. | 495,900 | 30,438,342 | ||||||
Airlines - 1.1% | ||||||||
Southwest Airlines Co. (A) | 828,500 | 11,350,450 | ||||||
Capital Markets - 3.2% | ||||||||
State Street Corp. | 547,700 | 32,024,019 | ||||||
Chemicals - 2.1% | ||||||||
E.I. du Pont de Nemours & Co. | 394,300 | 21,493,293 | ||||||
Commercial Banks - 6.5% | ||||||||
PNC Financial Services Group, Inc. (A) | 448,600 | 30,450,968 | ||||||
Wells Fargo & Co. | 924,000 | 35,093,520 | ||||||
Consumer Finance - 2.5% | ||||||||
American Express Co. | 378,200 | 25,872,662 | ||||||
Diversified Financial Services - 7.3% | ||||||||
Bank of America Corp. | 3,492,200 | 42,988,982 | ||||||
JPMorgan Chase & Co. | 622,300 | 30,498,923 | ||||||
Diversified Telecommunication Services - 5.4% |
| |||||||
AT&T, Inc. | 767,900 | 28,765,534 | ||||||
Verizon Communications, Inc. (A) | 484,500 | 26,119,395 | ||||||
Electric Utilities - 1.5% | ||||||||
Entergy Corp. - Class B (A) | 214,800 | 15,300,204 | ||||||
Electrical Equipment - 0.8% | ||||||||
Emerson Electric Co. (A) | 147,000 | 8,159,970 | ||||||
Food & Staples Retailing - 6.2% | ||||||||
Sysco Corp. (A) | 849,400 | 29,610,084 | ||||||
Walgreen Co. (A) | 676,900 | 33,513,319 | ||||||
Gas Utilities - 4.4% | ||||||||
ONEOK, Inc. (A) | 860,600 | 44,200,416 | ||||||
Health Care Equipment & Supplies - 5.1% | ||||||||
Baxter International, Inc. | 300,400 | 20,988,948 | ||||||
Medtronic, Inc. | 657,300 | 30,682,764 | ||||||
Health Care Providers & Services - 2.5% | ||||||||
Cardinal Health, Inc. | 571,300 | 25,262,886 | ||||||
Industrial Conglomerates - 2.9% | ||||||||
General Electric Co. | 1,322,900 | 29,487,441 | ||||||
Insurance - 1.9% | ||||||||
Loews Corp. | 442,697 | 19,775,275 | ||||||
IT Services - 2.8% | ||||||||
International Business Machines Corp. | 139,400 | 28,234,076 |
Shares | Value | |||||||
Machinery - 3.6% | ||||||||
Illinois Tool Works, Inc. - Class A (A) | 416,200 | $ 26,869,872 | ||||||
Stanley Black & Decker, Inc. (A) | 124,828 | 9,338,383 | ||||||
Multiline Retail - 3.1% | ||||||||
Target Corp. (A) | 442,100 | 31,194,576 | ||||||
Oil, Gas & Consumable Fuels - 9.4% |
| |||||||
BP PLC - ADR | 339,400 | 14,797,840 | ||||||
ConocoPhillips (A) | 450,700 | 27,244,815 | ||||||
Marathon Oil Corp. | 862,000 | 28,161,540 | ||||||
Occidental Petroleum Corp. | 275,000 | 24,546,500 | ||||||
Pharmaceuticals - 9.9% | ||||||||
Johnson & Johnson | 378,100 | 32,225,463 | ||||||
Merck & Co., Inc. | 638,100 | 29,990,700 | ||||||
Pfizer, Inc. | 1,310,800 | 38,104,956 | ||||||
Road & Rail - 1.0% | ||||||||
Norfolk Southern Corp. | 129,500 | 10,025,890 | ||||||
Tobacco - 4.3% | ||||||||
Altria Group, Inc. | 382,400 | 13,961,424 | ||||||
Philip Morris International, Inc. | 308,000 | 29,441,720 | ||||||
|
| |||||||
Total Common Stocks (cost $862,599,127) |
| 947,447,588 | ||||||
|
| |||||||
SECURITIES LENDING COLLATERAL - 10.6% |
| |||||||
State Street Navigator Securities Lending Trust - Prime Portfolio, 0.18% (B) | 106,819,320 | 106,819,320 | ||||||
|
| |||||||
Total Securities Lending Collateral |
| 106,819,320 | ||||||
|
| |||||||
Principal | Value | |||||||
REPURCHASE AGREEMENT - 6.3% | ||||||||
State Street Bank & Trust Co. | $ 64,060,304 | 64,060,304 | ||||||
|
| |||||||
Total Repurchase Agreement (cost $64,060,304) |
| 64,060,304 | ||||||
|
| |||||||
Total Investment Securities (cost $1,033,478,751) (C) |
| 1,118,327,212 | ||||||
Other Assets and Liabilities - Net | (106,116,110 | ) | ||||||
|
| |||||||
Net Assets | $ 1,012,211,102 | |||||||
|
|
NOTES TO SCHEDULE OF INVESTMENTS:
(A) | All or a portion of this security is on loan. The value of all securities on loan is $104,539,078. The amount of securities on loan indicated may not correspond with the securities on loan identified because securities with pending sales are in the process of recall from the brokers. |
(B) | Rate shown reflects the yield at April 30, 2013. |
(C) | Aggregate cost for federal income tax purposes is $1,033,478,751. Aggregate gross unrealized appreciation and depreciation for all securities in which there is an excess of value over tax cost were $84,867,687 and $19,226, respectively. Net unrealized appreciation for tax purposes is $84,848,461. |
DEFINITION:
ADR | American Depositary Receipt |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 11
Transamerica Dividend Focused
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
VALUATION SUMMARY: (D)
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
ASSETS | ||||||||||||||||
Investment Securities | ||||||||||||||||
Common Stocks | $ | 947,447,588 | $ | — | $ | — | $ | 947,447,588 | ||||||||
Securities Lending Collateral | 106,819,320 | — | — | 106,819,320 | ||||||||||||
Repurchase Agreement | — | 64,060,304 | — | 64,060,304 | ||||||||||||
Total Investment Securities | $ | 1,054,266,908 | $ | 64,060,304 | $ | — | $ | 1,118,327,212 | ||||||||
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
LIABILITIES | ||||||||||||||||
Other Liabilities (E) | ||||||||||||||||
Collateral for Securities on Loan | $ | — | $ | (106,819,320 | ) | $ | — | $ | (106,819,320 | ) | ||||||
Total Other Liabilities | $ | — | $ | (106,819,320 | ) | $ | — | $ | (106,819,320 | ) |
(D) | Transfers between levels are considered to have occurred at the end of the reporting period. There were no transfers between Levels 1 and 2 during the period ended April 30, 2013. See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
(E) | Certain assets and liabilities are held at carrying amount or face value, which approximates fair value for financial reporting purposes. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 12
Transamerica Emerging Markets Debt
SCHEDULE OF INVESTMENTS
At April 30, 2013
(unaudited)
Principal | Value | |||||||
FOREIGN GOVERNMENT OBLIGATIONS - 57.8% |
| |||||||
Argentina - 1.8% | ||||||||
Argentina Republic Government International Bond | ||||||||
7.82%, 12/31/2033 | EUR 16,659,634 | $ 12,615,450 | ||||||
City of Buenos Aires Argentina | ||||||||
9.95%, 03/01/2017 - Reg S | $ 3,800,000 | 3,344,000 | ||||||
Belarus - 0.5% | ||||||||
Republic of Belarus | ||||||||
8.95%, 01/26/2018 - Reg S | 4,400,000 | 4,774,000 | ||||||
Brazil - 1.7% | ||||||||
Brazilian Government International Bond | ||||||||
2.63%, 01/05/2023 (A) | 11,000,000 | 10,967,000 | ||||||
10.25%, 01/10/2028 | BRL 6,665,000 | 4,155,735 | ||||||
Cayman Islands - 2.7% | ||||||||
Brazil Minas SPE via State of Minas Gerais | ||||||||
5.33%, 02/15/2028 - 144A (A) | $ 21,365,000 | 24,185,180 | ||||||
Chile - 1.3% | ||||||||
Republic of Chile | ||||||||
5.50%, 08/05/2020 | CLP 5,156,000,000 | 11,586,357 | ||||||
Colombia - 2.7% | ||||||||
Colombia Government International Bond | ||||||||
2.63%, 03/15/2023 | $ 10,800,000 | 10,708,200 | ||||||
4.38%, 03/21/2023 | COP 15,159,000,000 | 8,388,143 | ||||||
Republic of Colombia | ||||||||
7.38%, 01/27/2017 | $ 3,500,000 | 4,259,500 | ||||||
Costa Rica - 1.0% | ||||||||
Costa Rica Government International Bond | ||||||||
5.63%, 04/30/2043 - 144A | 2,780,000 | 2,857,840 | ||||||
10.00%, 08/01/2020 - 144A | 4,485,000 | 6,110,812 | ||||||
Cote d’Ivoire - 1.2% | ||||||||
Republic of The Ivory Coast | ||||||||
5.75%, 12/31/2032 - Reg S (B) | 10,790,000 | 10,304,450 | ||||||
Croatia - 0.7% | ||||||||
Croatia Government International Bond | ||||||||
5.50%, 04/04/2023 - 144A | 6,100,000 | 6,479,115 | ||||||
Dominican Republic - 1.1% | ||||||||
Dominican Republic International Bond | ||||||||
5.88%, 04/18/2024 - 144A (A) | 9,050,000 | 9,276,250 | ||||||
Georgia - 0.5% | ||||||||
Georgia Government International Bond | ||||||||
6.88%, 04/12/2021 - 144A (A) | 3,585,000 | 4,147,845 | ||||||
Guatemala - 0.9% | ||||||||
Guatemala Government Bond | ||||||||
4.88%, 02/13/2028 - 144A | 8,200,000 | 8,323,000 | ||||||
Honduras - 0.8% | ||||||||
Honduras Government International Bond | ||||||||
7.50%, 03/15/2024 - 144A | 6,740,000 | 6,807,400 |
Principal | Value | |||||||
Hungary - 1.5% | ||||||||
Hungary Government Bond | ||||||||
6.50%, 06/24/2019 | HUF 1,000,000,000 | $ 4,729,219 | ||||||
6.75%, 11/24/2017 | 1,857,000,000 | 8,772,681 | ||||||
Indonesia - 2.0% | ||||||||
Indonesia Government International Bond | ||||||||
3.38%, 04/15/2023 - 144A | $ 7,140,000 | 7,291,725 | ||||||
Indonesia Treasury Bond | ||||||||
6.13%, 05/15/2028 | IDR 41,100,000,000 | 4,228,403 | ||||||
7.00%, 05/15/2022 | 53,107,000,000 | 6,061,058 | ||||||
Ireland - 1.1% | ||||||||
AHML Finance, Ltd. | ||||||||
7.75%, 02/13/2018 - 144A | RUB 284,000,000 | 9,220,576 | ||||||
Israel - 1.0% | ||||||||
Israel Government International Bond | ||||||||
4.50%, 01/30/2043 | $ 8,940,000 | 8,973,525 | ||||||
Mexico - 3.5% | ||||||||
Mexican Bonos | ||||||||
6.50%, 06/10/2021 | MXN 145,650,000 | 13,677,915 | ||||||
Mexican Udibonos | ||||||||
2.50%, 12/10/2020 | 97,093,864 | 8,878,175 | ||||||
Mexico Government International Bond, | ||||||||
4.75%, 03/08/2044 | $ 7,360,000 | 8,143,840 | ||||||
Mongolia - 0.9% | ||||||||
Mongolia Government International Bond | ||||||||
5.13%, 12/05/2022 - 144A | 8,780,000 | 8,297,100 | ||||||
Panama - 0.2% | ||||||||
Panama Government International Bond | ||||||||
4.30%, 04/29/2053 | 1,875,000 | 1,879,688 | ||||||
Peru - 1.4% | ||||||||
Peruvian Government International Bond | ||||||||
5.20%, 09/12/2023 - 144A | PEN 18,000,000 | 7,450,079 | ||||||
8.60%, 08/12/2017 - 144A | 6,500,000 | 3,008,740 | ||||||
8.60%, 08/12/2017 - Reg S | 3,690,000 | 1,708,039 | ||||||
Philippines - 2.9% | ||||||||
Philippine Government International Bond | ||||||||
3.90%, 11/26/2022 | PHP 587,000,000 | 15,259,718 | ||||||
4.95%, 01/15/2021 | 100,000,000 | 2,721,089 | ||||||
6.25%, 01/14/2036 | 249,000,000 | 7,902,743 | ||||||
Poland - 2.7% | ||||||||
Poland Government Bond | ||||||||
4.75%, 04/25/2017 | PLN 12,300,000 | 4,188,037 | ||||||
Poland Government International Bond | ||||||||
3.00%, 03/17/2023 | $ 18,720,000 | 18,686,866 | ||||||
6.38%, 07/15/2019 | 1,000,000 | 1,239,600 | ||||||
Romania - 1.2% | ||||||||
Romanian Government International Bond | ||||||||
4.38%, 08/22/2023 - 144A | 10,000,000 | 10,349,500 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 13
Transamerica Emerging Markets Debt
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Principal | Value | |||||||
Russian Federation - 2.5% | ||||||||
Russian Federal Bond - OFZ | ||||||||
7.05%, 01/19/2028 | RUB 366,650,000 | $ 12,088,495 | ||||||
8.15%, 02/03/2027 | 137,700,000 | 5,004,378 | ||||||
Russian Foreign Bond - Eurobond | ||||||||
4.50%, 04/04/2022 - 144A (A) | $ 4,270,000 | 4,788,805 | ||||||
South Africa - 1.0% | ||||||||
Republic of South Africa | ||||||||
7.00%, 02/28/2031 | ZAR 82,000,000 | 8,864,882 | ||||||
Supranational - 2.6% | ||||||||
Eastern and Southern African Trade and Development Bank, Series EMTN | ||||||||
6.88%, 01/09/2016 | $ 4,650,000 | 4,894,125 | ||||||
Eurasian Development Bank | ||||||||
4.77%, 09/20/2022 - 144A | 6,423,000 | 6,575,546 | ||||||
Inter-American Development Bank, Series EMTN | ||||||||
5.00%, 07/24/2015 | INR 630,000,000 | 11,583,815 | ||||||
Thailand - 2.0% | ||||||||
Thailand Government Bond | ||||||||
3.63%, 06/16/2023 | THB 496,232,000 | 17,206,502 | ||||||
Turkey - 3.5% | ||||||||
Hazine Mustesarligi Varlik Kiralama AS | ||||||||
2.80%, 03/26/2018 - 144A | $ 4,000,000 | 4,010,000 | ||||||
Republic of Turkey | ||||||||
10.50%, 01/15/2020 | TRY 6,250,000 | 4,335,169 | ||||||
Turkey Government Bond | ||||||||
6.30%, 02/14/2018 | 15,200,000 | 8,639,688 | ||||||
Turkey Government International Bond | ||||||||
3.25%, 03/23/2023 (A) | $ 6,500,000 | 6,410,625 | ||||||
5.13%, 03/25/2022 (A) | 3,000,000 | 3,427,500 | ||||||
6.25%, 09/26/2022 | 3,500,000 | 4,313,750 | ||||||
Ukraine - 2.4% | ||||||||
Financing of Infrastrucural Projects State Enterprise | ||||||||
9.00%, 12/07/2017 - 144A | 3,900,000 | 3,978,000 | ||||||
Ukraine Government International Bond | ||||||||
7.50%, 04/17/2023 - 144A (A) | 9,040,000 | 8,723,600 | ||||||
9.25%, 07/24/2017 - 144A | 7,520,000 | 8,027,600 | ||||||
Uruguay - 2.0% | ||||||||
Uruguay Government International Bond | ||||||||
5.00%, 09/14/2018 | UYU 278,229,584 | 17,174,847 | ||||||
Venezuela - 6.5% | ||||||||
Venezuela Government International Bond | ||||||||
6.00%, 12/09/2020 - Reg S (A) | $ 13,770,000 | 11,566,800 | ||||||
7.65%, 04/21/2025 | 7,220,000 | 6,256,130 | ||||||
8.25%, 10/13/2024 - Reg S (A) | 4,600,000 | 4,146,900 | ||||||
9.25%, 09/15/2027 (A) | 7,350,000 | 7,221,375 | ||||||
11.75%, 10/21/2026 - Reg S (A) | 13,405,000 | 14,631,557 | ||||||
11.95%, 08/05/2031 - Reg S | 11,945,000 | 13,157,418 | ||||||
|
| |||||||
Total Foreign Government Obligations (cost $491,374,241) |
| 508,986,100 | ||||||
|
|
Principal | Value | |||||||
CORPORATE DEBT SECURITIES - 39.0% |
| |||||||
Barbados - 0.4% | ||||||||
Columbus International, Inc. | ||||||||
11.50%, 11/20/2014 - 144A (A) | $ 3,200,000 | $ 3,560,000 | ||||||
Bermuda - 0.4% | ||||||||
Noble Group, Ltd. | ||||||||
6.63%, 08/05/2020 - 144A | 3,670,000 | 3,956,260 | ||||||
Brazil - 3.6% | ||||||||
Banco BMG SA | ||||||||
8.00%, 04/15/2018 - 144A | 5,025,000 | 4,798,875 | ||||||
Banco Santander Brasil SA/Cayman Islands | ||||||||
8.00%, 03/18/2016 - 144A (A) | BRL 13,800,000 | 7,002,254 | ||||||
Oi SA | ||||||||
5.75%, 02/10/2022 - 144A (A) | $ 3,040,000 | 3,207,200 | ||||||
Samarco Mineracao SA | ||||||||
4.13%, 11/01/2022 - 144A | 3,600,000 | 3,532,500 | ||||||
Telemar Norte Leste SA | ||||||||
5.50%, 10/23/2020 - 144A | 1,100,000 | 1,155,000 | ||||||
9.50%, 04/23/2019 - 144A | 4,590,000 | 5,553,900 | ||||||
Vale SA | ||||||||
5.63%, 09/11/2042 | 6,010,000 | 6,278,497 | ||||||
Canada - 1.2% | ||||||||
PTTEP Canada International Finance, Ltd. | ||||||||
6.35%, 06/12/2042 - 144A | 8,550,000 | 10,535,267 | ||||||
Cayman Islands - 6.1% | ||||||||
Dubai Holding Commercial Operations MTN, Ltd., Series EMTN | ||||||||
6.00%, 02/01/2017 | GBP 2,750,000 | 4,362,486 | ||||||
Kaisa Group Holdings, Ltd. | ||||||||
10.25%, 01/08/2020 - Reg S (A) | $ 5,900,000 | 6,487,162 | ||||||
KWG Property Holding, Ltd. | ||||||||
12.75%, 03/30/2016 - Reg S | 2,405,000 | 2,712,566 | ||||||
13.25%, 03/22/2017 - Reg S | 900,000 | 1,073,973 | ||||||
Nord Anglia Education, Inc. | ||||||||
8.50%, 02/15/2018 - 144A (C) | 5,685,000 | 5,812,912 | ||||||
Odebrecht Finance, Ltd. | ||||||||
7.13%, 06/26/2042 - 144A | 5,480,000 | 6,274,600 | ||||||
8.25%, 04/25/2018 - 144A | BRL 12,370,000 | 6,368,162 | ||||||
Petrobras International Finance Co. | ||||||||
6.75%, 01/27/2041 | $ 3,700,000 | 4,388,278 | ||||||
Saudi Electricity Global Sukuk Co. 2 |
| |||||||
5.06%, 04/08/2043 - 144A (A) | 5,550,000 | 5,838,600 | ||||||
Vale Overseas, Ltd. | ||||||||
8.25%, 01/17/2034 | 5,180,000 | 6,902,107 | ||||||
Voto-Votorantim, Ltd. | ||||||||
6.75%, 04/05/2021 - 144A | 3,350,000 | 3,932,062 | ||||||
Chile - 1.8% | ||||||||
Cencosud SA | ||||||||
4.88%, 01/20/2023 - 144A (A) | 2,800,000 | 2,898,277 | ||||||
Corp. Nacional del Cobre de Chile | ||||||||
4.25%, 07/17/2042 - 144A (A) | 6,300,000 | 6,122,907 | ||||||
SACI Falabella | ||||||||
3.75%, 04/30/2023 - 144A | 3,400,000 | 3,406,800 | ||||||
6.50%, 04/30/2023 - 144A | CLP 1,563,000,000 | 3,318,824 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 14
Transamerica Emerging Markets Debt
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Principal | Value | |||||||
Colombia - 0.7% | ||||||||
Empresa de Telecomunicaciones de Bogota | ||||||||
7.00%, 01/17/2023 - 144A | COP 11,134,000,000 | $ 6,469,620 | ||||||
Dominican Republic - 0.5% | ||||||||
Aeropuertos Dominicanos Siglo XXI SA | ||||||||
9.25%, 11/13/2019 - 144A | $ 4,000,000 | 4,340,000 | ||||||
Indonesia - 0.3% | ||||||||
Berau Coal Energy PT | ||||||||
7.25%, 03/13/2017 - 144A (A) | 2,800,000 | 2,779,000 | ||||||
Ireland - 0.7% | ||||||||
ALFA Bank OJSC Via ALFA Bond Issuance PLC | ||||||||
7.75%, 04/28/2021 - 144A | 50,000 | 56,635 | ||||||
7.75%, 04/28/2021 - Reg S (A) | 2,200,000 | 2,491,940 | ||||||
Federal Grid Co. OJSC via Federal Grid Finance, Ltd., Series EMTN | ||||||||
8.45%, 03/13/2019 - Reg S | RUB 120,000,000 | 3,939,070 | ||||||
Isle of Man - 0.4% | ||||||||
Sasol Financing International PLC | ||||||||
4.50%, 11/14/2022 | $ 3,730,000 | 3,828,845 | ||||||
Kazakhstan - 0.8% | ||||||||
Development Bank of Kazakhstan JSC | ||||||||
4.13%, 12/10/2022 - 144A | 4,630,000 | 4,562,865 | ||||||
KazMunayGas National Co. JSC | ||||||||
5.75%, 04/30/2043 - 144A | 2,400,000 | 2,439,000 | ||||||
Luxembourg - 4.0% | ||||||||
Cirsa Funding Luxembourg SA | ||||||||
8.75%, 05/15/2018 - Reg S | EUR 1,840,000 | 2,532,232 | ||||||
Gazprom Neft OAO Via GPN Capital SA | ||||||||
4.38%, 09/19/2022 - 144A | $ 4,550,000 | 4,555,688 | ||||||
MHP SA | ||||||||
8.25%, 04/02/2020 - 144A | 6,580,000 | 6,479,171 | ||||||
TMK OAO Via TMK Capital SA | ||||||||
6.75%, 04/03/2020 - 144A | 10,650,000 | 10,490,250 | ||||||
VTB Bank OJSC Via VTB Capital SA | ||||||||
6.95%, 10/17/2022 - 144A | 4,600,000 | 4,876,000 | ||||||
Wind Acquisition Finance SA | ||||||||
11.75%, 07/15/2017 - 144A | 3,610,000 | 3,871,725 | ||||||
Wind Acquisition Holdings Finance SA | ||||||||
12.25%, 07/15/2017 - 144A (C) | 2,360,000 | 2,445,976 | ||||||
Mexico - 2.1% | ||||||||
America Movil SAB de CV | ||||||||
3.13%, 07/16/2022 | 5,540,000 | 5,637,654 | ||||||
6.45%, 12/05/2022 | MXN 37,500,000 | 3,357,347 | ||||||
Bank of New York Mellon SA Institucion de Banca Multiple | ||||||||
9.63%, 05/02/2021 - 144A | $ 4,868,750 | 3,018,625 | ||||||
BBVA Bancomer SA | ||||||||
6.75%, 09/30/2022 - Reg S (A) | 2,300,000 | 2,645,000 | ||||||
Petroleos Mexicanos | ||||||||
5.50%, 06/27/2044 - Reg S (A) | 3,360,000 | 3,679,200 |
Principal | Value | |||||||
Netherlands - 4.1% | ||||||||
Aerospace Satellite Corp. Holding BV | ||||||||
12.75%, 11/16/2015 - 144A | $ 5,500,000 | $ 6,056,600 | ||||||
Hyva Global BV | ||||||||
8.63%, 03/24/2016 - 144A (A) | 3,175,000 | 3,123,565 | ||||||
Lukoil International Finance BV |
| |||||||
4.56%, 04/24/2023 - 144A | 8,300,000 | 8,403,750 | ||||||
Marfrig Holding Europe BV | ||||||||
8.38%, 05/09/2018 - 144A | 2,030,000 | 1,806,700 | ||||||
9.88%, 07/24/2017 - 144A (A) | 11,060,000 | 10,341,100 | ||||||
VimpelCom Holdings BV | ||||||||
9.00%, 02/13/2018 - 144A | RUB 188,300,000 | 6,327,722 | ||||||
Panama - 1.3% | ||||||||
ENA Norte Trust | ||||||||
4.95%, 04/25/2023 - 144A | $ 6,267,810 | 6,549,861 | ||||||
Global Bank Corp. | ||||||||
4.75%, 10/05/2017 - 144A | 4,780,000 | 4,875,600 | ||||||
Peru - 1.0% | ||||||||
Banco de Credito del Peru | ||||||||
4.25%, 04/01/2023 - 144A | 4,640,000 | 4,656,240 | ||||||
Corp. Lindley SA | ||||||||
4.63%, 04/12/2023 - 144A | 3,680,000 | 3,735,200 | ||||||
Singapore - 0.5% | ||||||||
Berau Capital Resources Pte, Ltd. | ||||||||
12.50%, 07/08/2015 - 144A | 2,700,000 | 2,875,500 | ||||||
Temasek Financial I, Ltd. | ||||||||
4.30%, 10/25/2019 - 144A | 1,000,000 | 1,147,071 | ||||||
Sweden - 0.4% | ||||||||
PKO Finance AB | ||||||||
4.63%, 09/26/2022 - 144A | 3,030,000 | 3,208,770 | ||||||
Thailand - 0.4% | ||||||||
Bangkok Bank PCL | ||||||||
3.88%, 09/27/2022 - 144A | 3,450,000 | 3,573,786 | ||||||
Turkey - 2.5% | ||||||||
Finansbank AS | ||||||||
5.15%, 11/01/2017 - 144A (A) | 6,600,000 | 6,913,500 | ||||||
KOC Holding AS | ||||||||
3.50%, 04/24/2020 - 144A (A) | 4,500,000 | 4,471,875 | ||||||
Turkiye Vakiflar Bankasi Tao | ||||||||
3.75%, 04/15/2018 - 144A | 6,450,000 | 6,482,250 | ||||||
6.00%, 11/01/2022 - 144A | 4,001,000 | 4,226,056 | ||||||
United Arab Emirates - 1.4% | ||||||||
Abu Dhabi National Energy Co. | ||||||||
5.88%, 12/13/2021 - 144A | 3,050,000 | 3,633,313 | ||||||
DP World, Ltd. | ||||||||
6.85%, 07/02/2037 - 144A (A) | 7,480,000 | 8,985,350 | ||||||
United Kingdom - 1.7% | ||||||||
DTEK Finance PLC | ||||||||
7.88%, 04/04/2018 - 144A (A) | 4,850,000 | 4,794,225 | ||||||
Nord Anglia Education UK Holdings PLC | ||||||||
10.25%, 04/01/2017 - 144A (A) | 3,475,000 | 3,892,000 | ||||||
State Export-Import Bank of Ukraine JSC via Biz Finance PLC | ||||||||
8.75%, 01/22/2018 - Reg S (A) | 6,580,000 | 6,464,850 | ||||||
United States - 0.9% | ||||||||
NII Capital Corp. | ||||||||
7.63%, 04/01/2021 | 8,700,000 | 7,699,500 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 15
Transamerica Emerging Markets Debt
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Principal | Value | |||||||
Venezuela - 1.2% | ||||||||
Petroleos de Venezuela SA | ||||||||
8.50%, 11/02/2017 - Reg S (A) | $ 9,705,000 | $ 9,389,587 | ||||||
9.00%, 11/17/2021 - Reg S (A) | 1,021,000 | 962,293 | ||||||
Virgin Islands, British - 0.6% | ||||||||
Yingde Gases Investment, Ltd. | ||||||||
8.13%, 04/22/2018 - 144A | 4,800,000 | 4,980,000 | ||||||
|
| |||||||
Total Corporate Debt Securities (cost $337,356,868) |
| 343,551,576 | ||||||
|
| |||||||
Shares | Value | |||||||
SECURITIES LENDING COLLATERAL - 10.1% |
| |||||||
State Street Navigator Securities Lending Trust - Prime Portfolio, 0.18% (D) | 88,955,404 | 88,955,404 | ||||||
|
| |||||||
Total Securities Lending Collateral (cost $88,955,404) |
| 88,955,404 | ||||||
|
|
Principal | Value | |||||||
REPURCHASE AGREEMENT - 1.8% |
| |||||||
State Street Bank & Trust Co. | $ 16,282,989 | $ 16,282,989 | ||||||
|
| |||||||
Total Repurchase Agreement (cost $16,282,989) |
| 16,282,989 | ||||||
|
| |||||||
Total Investment Securities (cost $933,969,502) (E) |
| 957,776,069 | ||||||
Other Assets and Liabilities - Net |
| (76,618,277 | ) | |||||
|
| |||||||
Net Assets | $ 881,157,792 | |||||||
|
|
FORWARD FOREIGN CURRENCY CONTRACTS: | ||||||||||||||||||
Currency | Counterparty | Contracts Bought (Sold) | Settlement Date | Amount in U.S. Dollars Bought (Sold) | Net Unrealized Appreciation (Depreciation) | |||||||||||||
EUR | HSBC | (15,628,931 | ) | 05/21/2013 | $ | (20,368,092 | ) | $ | (217,281 | ) | ||||||||
EUR | RBS | 4,346,350 | 05/21/2013 | 5,664,507 | 60,212 | |||||||||||||
GBP | HSBC | (2,881,465 | ) | 05/21/2013 | (4,391,843 | ) | (83,415 | ) | ||||||||||
HUF | BCLY | 430,875,968 | 05/21/2013 | 1,867,000 | 24,327 | |||||||||||||
HUF | HSBC | (1,969,072,528 | ) | 05/21/2013 | (8,671,272 | ) | 28,042 | |||||||||||
HUF | RBS | (1,190,000,000 | ) | 05/21/2013 | (5,184,959 | ) | (38,537 | ) | ||||||||||
NZD | BCLY | (129,387 | ) | 05/21/2013 | (108,920 | ) | (1,810 | ) | ||||||||||
PLN | BCLY | 8,989,773 | 05/21/2013 | 2,836,929 | 3,503 | |||||||||||||
PLN | RBS | 584,250 | 05/21/2013 | 182,772 | 1,829 | |||||||||||||
PLN | RBS | (23,000,000 | ) | 05/21/2013 | (7,269,739 | ) | 2,600 | |||||||||||
RUB | RBS | (124,500,000 | ) | 05/23/2013 | (3,915,956 | ) | (66,429 | ) | ||||||||||
|
| |||||||||||||||||
$ | (286,959 | ) | ||||||||||||||||
|
|
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 April 30, 2013:
Counterparty | Total Market Value of OTC Derivatives | Collateral (Received) Pledged | Net Exposures(1) | |||||||||
BCLY | $ | 26,020 | $ | — | $ | 26,020 | ||||||
HSBC | (272,654 | ) | — | (272,654 | ) | |||||||
RBS | (40,325 | ) | — | (40,325 | ) |
(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 Investment Securities | Value | ||||||
Foreign Government Obligations | 53.1 | % | $ | 508,986,100 | ||||
Commercial Banks | 7.0 | 66,834,621 | ||||||
Oil, Gas & Consumable Fuels | 5.6 | 53,836,408 | ||||||
Wireless Telecommunication Services | 2.4 | 23,022,223 | ||||||
Metals & Mining | 2.4 | 22,836,011 | ||||||
Diversified Telecommunication Services | 2.4 | 22,788,545 | ||||||
Transportation Infrastructure | 2.1 | 19,875,211 | ||||||
Food Products | 1.9 | 18,626,971 | ||||||
Construction & Engineering | 1.3 | 12,642,762 | ||||||
Diversified Financial Services | 1.2 | 11,751,920 | ||||||
Machinery | 1.1 | 10,490,250 | ||||||
Real Estate Management & Development | 1.1 | 10,273,701 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 16
Transamerica Emerging Markets Debt
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
INVESTMENTS BY INDUSTRY (continued): | Percentage of Total Investment Securities | Value | ||||||
Diversified Consumer Services | 1.0 | % | $ | 9,704,912 | ||||
Media | 1.0 | 9,616,600 | ||||||
Commercial Services & Supplies | 0.9 | 8,294,548 | ||||||
Multiline Retail | 0.7 | 6,725,624 | ||||||
Electric Utilities | 0.6 | 5,838,600 | ||||||
Chemicals | 0.5 | 4,980,000 | ||||||
Industrial Conglomerates | 0.5 | 4,471,875 | ||||||
Trading Companies & Distributors | 0.4 | 3,956,260 | ||||||
Beverages | 0.4 | 3,735,200 | ||||||
Multi-Utilities | 0.4 | 3,633,313 | ||||||
Auto Components | 0.3 | 3,123,565 | ||||||
Food & Staples Retailing | 0.3 | 2,898,277 | ||||||
Hotels, Restaurants & Leisure | 0.3 | 2,532,232 | ||||||
Capital Markets | 0.1 | 1,147,071 | ||||||
|
|
|
| |||||
Investment Securities, at Value | 89.0 | 852,622,800 | ||||||
Short-Term Investments | 11.0 | 105,238,393 | ||||||
|
|
|
| |||||
Total Investments | 100.0 | % | $ | 957,861,193 | ||||
|
|
|
|
NOTES TO SCHEDULE OF INVESTMENTS:
(A) | All or a portion of this security is on loan. The value of all securities on loan is $87,120,852. The amount of securities on loan indicated may not correspond with the securities on loan identified because securities with pending sales are in the process of recall from the brokers. |
(B) | Step bond - Coupon rate changes in increments to maturity. Rate disclosed is as of April 30, 2013. Maturity date disclosed is the ultimate maturity date. |
(C) | Payment in-kind. Securities pay interest or dividends in the form of additional bonds or preferred stock. If a security makes cash payment in addition to in-kind, the cash rate is disclosed separately. |
(D) | Rate shown reflects the yield at April 30, 2013. |
(E) | Aggregate cost for federal income tax purposes is $933,969,502. Aggregate gross unrealized appreciation and depreciation for all securities in which there is an excess of value over tax cost were $29,198,348 and $5,306,657, respectively. Net unrealized appreciation for tax purposes is $23,891,691. |
DEFINITIONS:
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 April 30, 2013, these securities aggregated $408,712,826 or 46.38% of the fund’s net assets. | |
BCLY | Barclays Bank PLC | |
EMTN | European Medium Term Note | |
GMTN | Global Medium Term Note | |
HSBC | HSBC Bank USA | |
JSC | Joint Stock Company | |
OAO | Otkrytoe Aktsionernoe Obschestvo (Russian: Open Joint Stock Corporation) | |
OFZ | Obligatsyi Federal’novo Zaima (Russian: Coupon-bearing Federal Loan Bonds) | |
OJSC | Open Joint Stock Company | |
OTC | Over the Counter | |
RBS | Royal Bank of Scotland Group PLC | |
Reg S | Security exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside the United States. Security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 17
Transamerica Emerging Markets Debt
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
CURRENCY ABBREVIATIONS:
BRL | Brazilian Real | |
CLP | Chilean Peso | |
COP | Columbian Peso | |
EUR | Euro | |
GBP | Pound Sterling | |
HUF | Hungarian Forint | |
IDR | Indonesian Rupiah | |
INR | Indian Rupee | |
MXN | Mexican Peso | |
NZD | New Zealand Dollar | |
PEN | Peruvian Nuevo Sol | |
PHP | Philippine Peso | |
PLN | Polish Zloty | |
RUB | Russian Ruble | |
THB | Thai Baht | |
TRY | Turkish New Lira | |
UYU | Uruguayan Peso | |
ZAR | South African Rand |
VALUATION SUMMARY: (F)
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
ASSETS | ||||||||||||||||
Investment Securities | ||||||||||||||||
Foreign Government Obligations | $ | — | $ | 508,986,100 | $ | — | $ | 508,986,100 | ||||||||
Corporate Debt Securities | — | 343,551,576 | — | 343,551,576 | ||||||||||||
Securities Lending Collateral | 88,955,404 | — | — | 88,955,404 | ||||||||||||
Repurchase Agreement | — | 16,282,989 | — | 16,282,989 | ||||||||||||
Total Investment Securities | $ | 88,955,404 | $ | 868,820,665 | $ | — | $ | 957,776,069 | ||||||||
Derivative Financial Instruments | ||||||||||||||||
Forward Foreign Currency Contracts (G) | $ | — | $ | 120,513 | $ | — | $ | 120,513 | ||||||||
Total Derivative Financial Instruments | $ | — | $ | 120,513 | $ | — | $ | 120,513 | ||||||||
Other Assets (H) | ||||||||||||||||
Foreign Currency | $ | 706,868 | $ | — | $ | — | $ | 706,868 | ||||||||
Total Other Assets | $ | 706,868 | $ | — | $ | — | $ | 706,868 | ||||||||
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Inputs | Value at April 30, 2013 | |||||||||||||
LIABILITIES | ||||||||||||||||
Derivative Financial Instruments | ||||||||||||||||
Forward Foreign Currency Contracts (G) | $ | — | $ | (407,472 | ) | $ | — | $ | (407,472 | ) | ||||||
Total Derivative Financial Instruments | $ | — | $ | (407,472 | ) | $ | — | $ | (407,472 | ) | ||||||
Other Liabilities (H) | ||||||||||||||||
Collateral for Securities on Loan | $ | — | $ | (88,955,404 | ) | $ | — | $ | (88,955,404 | ) | ||||||
Total Other Liabilities | $ | — | $ | (88,955,404 | ) | $ | — | $ | (88,955,404 | ) |
(F) | Transfers between levels are considered to have occurred at the end of the reporting period. There were no transfers between Levels 1 and 2 during the period ended April 30, 2013. See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
(G) | Other financial instruments are derivative instruments that are valued at unrealized appreciation (depreciation) on the instrument. |
(H) | Certain assets and liabilities are held at carrying amount or face value, which approximates fair value for financial reporting purposes. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 18
Transamerica Emerging Markets Equity
SCHEDULE OF INVESTMENTS
At April 30, 2013
(unaudited)
Shares | Value | |||||||
PREFERRED STOCKS - 1.6% |
| |||||||
Brazil - 1.6% |
| |||||||
Cia Energetica de Sao Paulo - Class Preference, 5.48% (A) | 64,900 | $ 687,682 | ||||||
Investimentos Itau SA, 3.94% (A) | 172,100 | 858,457 | ||||||
Klabin SA, 2.32% (A) | 310,400 | 2,113,032 | ||||||
|
| |||||||
Total Preferred Stocks (cost $3,089,090) |
| 3,659,171 | ||||||
|
| |||||||
COMMON STOCKS - 95.9% | ||||||||
Brazil - 12.7% | ||||||||
Arteris SA - Class A | 167,730 | 1,869,489 | ||||||
BRF - Brasil Foods SA - ADR (B) | 70,234 | 1,743,910 | ||||||
Cia de Saneamento Basico do Estado de Sao Paulo - ADR (B) | 221,334 | 3,165,076 | ||||||
Cielo SA | 39,720 | 1,053,774 | ||||||
Cyrela Brazil Realty SA Empreendimentos e Participacoes - Class A | 80,200 | 728,745 | ||||||
Duratex SA | 152,790 | 1,155,423 | ||||||
Even Construtora e Incorporadora SA | 284,400 | 1,343,286 | ||||||
Hypermarcas SA (C) | 283,100 | 2,265,366 | ||||||
Itau Unibanco Holding SA - ADR | 130,300 | 2,192,949 | ||||||
Kroton Educacional SA | 86,900 | 1,216,144 | ||||||
M Dias Branco SA | 16,300 | 725,078 | ||||||
Natura Cosmeticos SA | 47,600 | 1,205,494 | ||||||
Petroleo Brasileiro SA - ADR | 171,373 | 3,281,793 | ||||||
Petroleo Brasileiro SA - Class A ADR | 61,953 | 1,237,201 | ||||||
Vale SA - Class B ADR | 330,743 | 5,377,881 | ||||||
China - 2.3% | ||||||||
China Petroleum & Chemical Corp. - ADR | 30,710 | 3,395,298 | ||||||
China Vanke Co., Ltd. - Class B | 286,735 | 584,736 | ||||||
CNOOC, Ltd. - ADR | 4,700 | 880,498 | ||||||
Luthai Textile Co., Ltd. - Class B | 350,130 | 360,619 | ||||||
Hong Kong - 16.8% | ||||||||
Bank of China, Ltd. - Class H | 13,273,000 | 6,208,771 | ||||||
BBMG Corp. - Class H | 828,000 | 665,802 | ||||||
Beijing Capital International Airport Co., Ltd. | 618,000 | 426,858 | ||||||
China Agri-Industries Holdings, Ltd. | 2,318,000 | 1,135,081 | ||||||
China Citic Bank Corp., Ltd. - Class H | 3,558,000 | 2,003,629 | ||||||
China Construction Bank Corp. - Class H | 5,199,000 | 4,354,748 | ||||||
China Merchants Bank Co., Ltd. - Class H (B) | 1,504,000 | 3,205,629 | ||||||
China Minsheng Banking Corp., Ltd. - Class H (B) | 439,000 | 562,882 | ||||||
China Mobile, Ltd. - ADR (B) | 16,518 | 912,454 | ||||||
China Resources Power Holdings Co., Ltd. | 460,000 | 1,511,569 | ||||||
China Shanshui Cement Group, Ltd. | 970,000 | 548,739 | ||||||
China Unicom Hong Kong, Ltd. - ADR (B) | 101,100 | 1,458,873 | ||||||
CITIC Resources Holdings, Ltd. (C) | 1,438,000 | 181,600 | ||||||
COSCO Pacific, Ltd. | 662,000 | 876,962 | ||||||
Country Garden Holdings Co., Ltd. | 1,838,000 | 1,044,513 | ||||||
Datang International Power Generation Co., Ltd. - Class H | 3,932,000 | 1,722,750 | ||||||
Harbin Electric Co., Ltd. - Class H | 558,000 | 428,559 | ||||||
Huadian Power International Co. - Class H | 1,576,000 | 865,159 | ||||||
Industrial & Commercial Bank of China, Ltd. - Class H | 3,202,000 | 2,252,910 | ||||||
Kingboard Chemical Holdings, Ltd. | 451,500 | 1,230,546 | ||||||
KWG Property Holding, Ltd. | 1,409,500 | 973,553 | ||||||
Shanghai Pharmaceuticals Holding Co., Ltd. - Class H | 424,100 | 873,323 |
Shares | Value | |||||||
Hong Kong (continued) | ||||||||
Shiamo Property Holdings, Ltd. | 505,000 | $ 1,089,373 | ||||||
Sinofert Holdings, Ltd. (B) | 3,808,000 | 824,396 | ||||||
Sinopec Shanghai Petrochemical Co., Ltd. - Class H | 1,536,000 | 528,485 | ||||||
Sinopharm Group Co., Ltd. - Class H | 226,400 | 672,477 | ||||||
TPV Technology, Ltd. | 1,050,000 | 271,966 | ||||||
Yuexiu Property Co., Ltd. | 2,540,000 | 752,821 | ||||||
Hungary - 0.5% | ||||||||
Magyar Telekom | 602,165 | 1,112,845 | ||||||
India - 5.1% | ||||||||
Dr. Reddy’s Laboratories, Ltd. - ADR (B) | 53,469 | 2,025,406 | ||||||
HDFC Bank, Ltd. - ADR | 30,361 | 1,288,521 | ||||||
Infosys, Ltd. - ADR (B) | 66,035 | 2,756,301 | ||||||
Tata Motors, Ltd. - Series V ADR (B) | 173,535 | 4,779,154 | ||||||
Wipro, Ltd. - ADR (B) | 62,534 | 499,646 | ||||||
Indonesia - 1.8% | ||||||||
Charoen Pokphand Indonesia PT | 1,923,000 | 998,832 | ||||||
Indofood CBP Sukses Makmur PT | 1,413,000 | 1,664,063 | ||||||
Kalbe Farma PT | 9,024,500 | 1,290,209 | ||||||
Korea, Republic of - 17.4% | ||||||||
Daeduck Electronics Co. | 88,280 | 973,942 | ||||||
Daelim Industrial Co., Ltd. | 10,501 | 734,202 | ||||||
Hana Financial Group, Inc. | 134,770 | 4,307,549 | ||||||
Handsome Co., Ltd. | 28,340 | 847,910 | ||||||
Hyundai Mobis | 4,330 | 982,929 | ||||||
Hyundai Motor Co. | 26,495 | 4,799,557 | ||||||
ISU Chemical Co., Ltd. | 17,570 | 311,101 | ||||||
KIA Motors Corp. | 71,444 | 3,555,009 | ||||||
KT&G Corp. | 16,491 | 1,187,448 | ||||||
LG Corp. | 19,073 | 1,136,102 | ||||||
LG International Corp. | 17,980 | 579,579 | ||||||
LG Uplus Corp. (C) | 175,490 | 1,657,220 | ||||||
Poongsan Corp. | 34,580 | 836,790 | ||||||
Samsung Electronics Co., Ltd. | 9,737 | 13,438,881 | ||||||
SK Corp. | 16,071 | 2,312,951 | ||||||
Woori Finance Holdings Co., Ltd. | 118,430 | 1,279,685 | ||||||
Malaysia - 3.7% | ||||||||
AirAsia Bhd | 2,051,000 | 1,975,162 | ||||||
Genting Malaysia Bhd - Class B | 361,200 | 446,380 | ||||||
Malayan Banking Bhd | 998,378 | 3,156,745 | ||||||
Tenaga Nasional Bhd | 396,500 | 1,023,015 | ||||||
UMW Holdings Bhd | 363,400 | 1,708,010 | ||||||
Mexico - 3.1% | ||||||||
Grupo Financiero Banorte SAB de CV - Class O | 794,900 | 5,990,080 | ||||||
OHL Mexico SAB de CV (C) | 308,700 | 955,416 | ||||||
Poland - 1.1% | ||||||||
KGHM Polska Miedz SA | 54,529 | 2,554,011 | ||||||
Russian Federation - 2.4% | ||||||||
Gazprom OAO - ADR | 684,979 | 5,444,944 | ||||||
South Africa - 8.3% | ||||||||
AngloGold Ashanti, Ltd. - ADR | 29,200 | 569,400 | ||||||
Aspen Pharmacare Holdings, Ltd. | 125,992 | 2,736,484 | ||||||
AVI, Ltd. | 142,210 | 855,780 | ||||||
Imperial Holdings, Ltd. | 58,195 | 1,288,611 | ||||||
Liberty Holdings, Ltd. | 65,610 | 873,728 | ||||||
Mediclinic International, Ltd. | 461,002 | 3,341,860 | ||||||
MMI Holdings, Ltd. | 262,862 | 670,813 | ||||||
Nedbank Group, Ltd. | 100,644 | 2,138,159 | ||||||
Sappi, Ltd. (C) | 426,032 | 1,281,870 | ||||||
Shoprite Holdings, Ltd. | 174,053 | 3,299,122 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 19
Transamerica Emerging Markets Equity
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Shares | Value | |||||||
South Africa (continued) | ||||||||
Telkom SA, Ltd. (C) | 296,639 | $ 423,133 | ||||||
Truworths International, Ltd. | 111,795 | 1,111,160 | ||||||
Taiwan - 12.8% | ||||||||
Cathay Financial Holding Co., Ltd. | 2,022,000 | 2,720,026 | ||||||
Delta Electronics, Inc. | 667,000 | 3,198,038 | ||||||
E.Sun Financial Holding Co., Ltd. | 1,266,400 | 763,822 | ||||||
Formosa Chemicals & Fibre Corp. | 418,000 | 978,714 | ||||||
Highwealth Construction Corp. | 401,400 | 896,322 | ||||||
Hon Hai Precision Industry Co., Ltd. | 1,260,000 | 3,253,321 | ||||||
Huaku Development Co., Ltd. | 526,980 | 1,514,228 | ||||||
Pegatron Corp. (C) | 854,000 | 1,397,675 | ||||||
Phison Electronics Corp. | 224,000 | 1,764,706 | ||||||
Pou Chen Corp. | 616,000 | 726,376 | ||||||
SinoPac Financial Holdings Co., Ltd. | 1,620,346 | 809,843 | ||||||
Taiwan Semiconductor Manufacturing Co., Ltd. - ADR | 516,500 | 9,854,820 | ||||||
Vanguard International Semiconductor Corp. | 730,000 | 795,253 | ||||||
Thailand - 3.5% | ||||||||
Advanced Info Service PCL | 150,200 | 1,381,738 | ||||||
Airports of Thailand PCL | 461,300 | 2,271,136 | ||||||
Asian Property Development PCL | 2,094,100 | 670,683 | ||||||
Bangkok Expressway PCL | 887,329 | 1,209,307 | ||||||
Home Product Center PCL | 2,471,338 | 1,263,035 | ||||||
Krung Thai Bank PCL | 1,232,400 | 1,041,346 | ||||||
Turkey - 3.3% | ||||||||
Aygaz AS | 164,230 | 895,925 | ||||||
Turk Hava Yollari | 1,258,726 | 5,237,817 | ||||||
Turkiye Is Bankasi - Class C | 303,409 | 1,171,156 |
Shares | Value | |||||||
United Kingdom - 0.5% | ||||||||
NovaTek OAO - GDR, Reg S | 12,155 | $ 1,230,086 | ||||||
United States - 0.6% | ||||||||
Uralkali OJSC - GDR, Reg S | 34,351 | 1,243,163 | ||||||
|
| |||||||
Total Common Stocks (cost $204,220,028) |
| 214,855,439 | ||||||
|
| |||||||
SECURITIES LENDING COLLATERAL - 6.7% |
| |||||||
State Street Navigator Securities Lending Trust - Prime Portfolio, | 14,977,908 | 14,977,908 | ||||||
|
| |||||||
Total Securities Lending Collateral (cost $14,977,908) |
| 14,977,908 | ||||||
|
| |||||||
Principal | Value | |||||||
REPURCHASE AGREEMENT - 1.6% | ||||||||
State Street Bank & Trust Co. | $ 3,488,922 | 3,488,922 | ||||||
|
| |||||||
Total Repurchase Agreement (cost $3,488,922) |
| 3,488,922 | ||||||
|
| |||||||
Total Investment Securities (cost $225,775,948) (D) |
| 236,981,440 | ||||||
Other Assets and Liabilities - Net | (12,922,594 | ) | ||||||
|
| |||||||
Net Assets | $ 224,058,846 | |||||||
|
|
INVESTMENTS BY INDUSTRY: | Percentage of Total Investment Securities | Value | ||||||
Commercial Banks | 18.4 | % | $ | 43,586,881 | ||||
Semiconductors & Semiconductor Equipment | 10.9 | 25,853,660 | ||||||
Oil, Gas & Consumable Fuels | 6.5 | 15,469,820 | ||||||
Automobiles | 6.3 | 14,841,730 | ||||||
Metals & Mining | 3.9 | 9,338,082 | ||||||
Electronic Equipment & Instruments | 3.7 | 8,655,847 | ||||||
Transportation Infrastructure | 3.2 | 7,609,168 | ||||||
Real Estate Management & Development | 3.2 | 7,526,229 | ||||||
Airlines | 3.0 | 7,212,979 | ||||||
Food Products | 3.0 | 7,122,744 | ||||||
Pharmaceuticals | 2.6 | 6,052,099 | ||||||
Health Care Providers & Services | 2.1 | 4,887,660 | ||||||
Independent Power Producers & Energy Traders | 2.0 | 4,787,160 | ||||||
IT Services | 1.8 | 4,309,721 | ||||||
Insurance | 1.8 | 4,264,567 | ||||||
Wireless Telecommunication Services | 1.7 | 3,951,412 | ||||||
Chemicals | 1.6 | 3,885,859 | ||||||
Personal Products | 1.5 | 3,470,860 | ||||||
Industrial Conglomerates | 1.5 | 3,449,053 | ||||||
Food & Staples Retailing | 1.4 | 3,299,122 | ||||||
Water Utilities | 1.3 | 3,165,076 | ||||||
Diversified Telecommunication Services | 1.3 | 2,994,851 | ||||||
Paper & Forest Products | 1.0 | 2,437,293 | ||||||
Specialty Retail | 1.0 | 2,374,195 | ||||||
Containers & Packaging | 0.9 | 2,113,032 | ||||||
Household Durables | 0.9 | 2,072,031 | ||||||
Textiles, Apparel & Luxury Goods | 0.8 | 1,934,905 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 20
Transamerica Emerging Markets Equity
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
INVESTMENTS BY INDUSTRY (continued): | Percentage of Total Investment Securities | Value | ||||||
Computers & Peripherals | 0.7 | % | $ | 1,669,641 | ||||
Distributors | 0.5 | 1,288,611 | ||||||
Diversified Consumer Services | 0.5 | 1,216,144 | ||||||
Construction Materials | 0.5 | 1,214,541 | ||||||
Tobacco | 0.5 | 1,187,448 | ||||||
Electric Utilities | 0.4 | 1,023,015 | ||||||
Auto Components | 0.4 | 982,929 | ||||||
Gas Utilities | 0.4 | 895,925 | ||||||
Trading Companies & Distributors | 0.3 | 761,179 | ||||||
Construction & Engineering | 0.3 | 734,202 | ||||||
Hotels, Restaurants & Leisure | 0.2 | 446,380 | ||||||
Electrical Equipment | 0.2 | 428,559 | ||||||
|
|
|
| |||||
Investment Securities, at Value | 92.2 | 218,514,610 | ||||||
Short-Term Investments | 7.8 | 18,466,830 | ||||||
|
|
|
| |||||
Total Investments | 100.0 | % | $ | 236,981,440 | ||||
|
|
|
|
NOTES TO SCHEDULE OF INVESTMENTS:
(A) | Rate shown reflects the yield at April 30, 2013. |
(B) | All or a portion of this security is on loan. The value of all securities on loan is $14,531,520. The amount of securities on loan indicated may not correspond with the securities on loan identified because securities with pending sales are in the process of recall from the brokers. |
(C) | Non-income producing security. |
(D) | Aggregate cost for federal income tax purposes is $225,775,948. Aggregate gross unrealized appreciation and depreciation for all securities in which there is an excess of value over tax cost were $19,989,295 and $8,783,803, respectively. Net unrealized appreciation for tax purposes is $11,205,492. |
DEFINITIONS:
ADR | American Depositary Receipt | |
GDR | Global Depositary Receipt | |
OAO | Otkrytoe Aktsionernoe Obschestvo (Russian: Open Joint Stock Corporation) | |
OJSC | Open Joint Stock Company | |
Reg S | Security exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside the United States. Security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 21
Transamerica Emerging Markets Equity
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
VALUATION SUMMARY: (E)
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
ASSETS | ||||||||||||||||
Investment Securities | ||||||||||||||||
Preferred Stocks | $ | 3,659,171 | $ | — | $ | — | $ | 3,659,171 | ||||||||
Common Stocks | 71,845,669 | 143,009,770 | — | 214,855,439 | ||||||||||||
Securities Lending Collateral | 14,977,908 | — | — | 14,977,908 | ||||||||||||
Repurchase Agreement | — | 3,488,922 | — | 3,488,922 | ||||||||||||
Total Investment Securities | $ | 90,482,748 | $ | 146,498,692 | $ | — | $ | 236,981,440 | ||||||||
Other Assets (F) | ||||||||||||||||
Foreign Currency | $ | 2,066,659 | $ | — | $ | — | $ | 2,066,659 | ||||||||
Total Other Assets | $ | 2,066,659 | $ | — | $ | — | $ | 2,066,659 | ||||||||
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
LIABILITIES | ||||||||||||||||
Other Liabilities (F) | ||||||||||||||||
Collateral for Securities on Loan | $ | — | $ | (14,977,908 | ) | $ | — | $ | (14,977,908 | ) | ||||||
Total Other Liabilities | $ | — | $ | (14,977,908 | ) | $ | — | $ | (14,977,908 | ) |
(E) | Transfers between levels are considered to have occurred at the end of the reporting period. There were no transfers between Levels 1 and 2 during the period ended April 30, 2013. See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
(F) | Certain assets and liabilities are held at carrying amount or face value, which approximates fair value for financial reporting purposes. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 22
Transamerica Enhanced Muni
SCHEDULE OF INVESTMENTS
At April 30, 2013
(unaudited)
Principal | Value | |||||||
MUNICIPAL GOVERNMENT OBLIGATIONS - 98.7% |
| |||||||
Alaska - 2.0% | ||||||||
Alaska Housing Finance Corp. (Revenue Bonds) | $ 165,000 | $ 195,563 | ||||||
City of Valdez, AK (Revenue Bonds) | 50,000 | 61,172 | ||||||
Arizona - 0.9% | ||||||||
City of Tucson, AZ (Certificate Participation) | 75,000 | 84,703 | ||||||
Scottsdale Municipal Property Corp. (Revenue Bonds) | 25,000 | 31,961 | ||||||
California - 10.5% | ||||||||
Alhambra Unified School District | 50,000 | 58,570 | ||||||
Atwater Public Financing Authority (Revenue Bonds) | 25,000 | 26,344 | ||||||
California Communities Local Measurer | 125,000 | 132,621 | ||||||
County of Sacramento, CA Airport System | 25,000 | 28,866 | ||||||
El Dorado Irrigation District / El Dorado County Water Agency (Revenue Bonds) Insurer: AGM | 60,000 | 67,981 | ||||||
Elsinore Valley Municipal Water District | 55,000 | 59,110 | ||||||
Hemet Unified School District | 50,000 | 53,450 | ||||||
Hercules Public Financing Authority | 25,000 | 27,308 | ||||||
Merced Union High School District | 50,000 | 58,710 | ||||||
Mountain View School District School | 25,000 | 27,108 | ||||||
Oakland Unified School District/Alameda | 25,000 | 27,722 |
Principal | Value | |||||||
California (continued) | ||||||||
Oxnard Union High School District | $ 25,000 | $ 28,725 | ||||||
San Bernardino Community College District | 20,000 | 25,017 | ||||||
San Bernardino Joint Powers Financing Authority (Tax Allocation) | 30,000 | 35,013 | ||||||
San Diego Unified School District | 85,000 | 110,520 | ||||||
San Juan Unified School District (General Obligation Unlimited) | 70,000 | 79,447 | ||||||
Santa Ana Unified School District (General Obligation Unlimited) | 75,000 | 80,041 | ||||||
Vallejo City Unified School District (Special Tax) Insurer: AGM | 100,000 | 100,284 | ||||||
Wasco Union High School District (General Obligation Unlimited) | 150,000 | 162,403 | ||||||
Woodbridge Irrigation District (Certificate Participation) | 175,000 | 175,702 | ||||||
Colorado - 3.5% | ||||||||
City & County of Denver, CO Airport System Revenue (Revenue Bonds) | 60,000 | 72,953 | ||||||
Colorado Educational & Cultural Facilities Authority (Revenue Bonds) | 200,000 | 208,336 | ||||||
County of Pueblo, CO (Certificate Participation) Insurer: ASSURED GTY | 150,000 | 173,212 | ||||||
Connecticut - 1.1% | ||||||||
Hartford New Public Housing Authority (Revenue Bonds) | 45,000 | 50,234 | ||||||
Town of East Haven, CT (General Obligation Unlimited) | 50,000 | 57,993 | ||||||
University of Connecticut (Revenue Bonds) | 25,000 | 30,150 | ||||||
District of Columbia - 0.2% | ||||||||
Metropolitan Washington Airports Authority (Revenue Bonds) | 25,000 | 30,752 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 23
Transamerica Enhanced Muni
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Principal | Value | |||||||
Florida - 9.7% | ||||||||
Citizens Property Insurance Corp. | | $ 25,000 120,000 | | | $ 28,241 135,346 | | ||
City of Cape Coral, FL (Special Assessment) | 85,000 | 91,745 | ||||||
City of Lakeland, FL Energy System Revenue (Revenue Bonds) | 100,000 | 123,462 | ||||||
City of Tampa, FL (Revenue Bonds) | 25,000 | 29,372 | ||||||
County of Broward, FL Half-Cent Sales Tax Revenue (Revenue Bonds) | 35,000 | 36,691 | ||||||
County of Manatee, FL Public Utilities Revenue (Revenue Bonds) | 25,000 | 30,839 | ||||||
County of Miami-Dade, FL Aviation Revenue (Revenue Bonds) | 70,000 | 78,548 | ||||||
Escambia County Housing Finance Authority (Revenue Bonds) | 50,000 | 53,202 | ||||||
Florida Department of Environmental Protection (Revenue Bonds) | 55,000 | 67,802 | ||||||
Florida Municipal Power Agency (Revenue Bonds) | 25,000 | 29,652 | ||||||
Florida State Department of Transportation (Revenue Bonds) | 25,000 | 28,891 | ||||||
Greater Orlando Aviation Authority (Revenue Bonds) | 40,000 | 44,577 | ||||||
Hillsborough County Industrial Development Authority (Revenue Bonds) | ||||||||
5.00%, 10/01/2016 | 100,000 | 112,316 | ||||||
Series A | ||||||||
5.00%, 10/01/2018 | 50,000 | 50,941 | ||||||
Kissimmee Utility Authority (Revenue Bonds) | 100,000 | 119,909 | ||||||
Manatee County Port Authority (Revenue Bonds) | 50,000 | 54,341 | ||||||
Miami-Dade County School Board (Certificate Participation) | 45,000 | 52,455 |
Principal | Value | |||||||
Florida (continued) | ||||||||
Palm Beach County School District (Certificate Participation) | $ 50,000 | $ 55,884 | ||||||
Sunshine State Governmental Financing Commission (Revenue Bonds) | 25,000 | 29,134 | ||||||
Georgia - 3.3% | ||||||||
City of Atlanta, GA Water & Wastewater Revenue (Revenue Bonds) | 100,000 | 134,651 | ||||||
City of Atlanta, GA (General Obligation Unlimited) | 25,000 | 28,322 | ||||||
City of Atlanta, GA Department of Aviation (Revenue Bonds) | 40,000 | 48,655 | ||||||
County of DeKalb, GA (General Obligation Unlimited) | 100,000 | 100,221 | ||||||
Georgia Higher Education Facilities Authority (Revenue Bonds) | 50,000 | 55,860 | ||||||
Georgia Housing & Finance Authority | 50,000 | 55,233 | ||||||
Idaho - 1.3% | �� | |||||||
Idaho Health Facilities Authority (Revenue Bonds) | 100,000 | 119,849 | ||||||
Idaho Housing & Finance Association | 45,000 | 51,088 | ||||||
Illinois - 14.3% | ||||||||
Chicago Board of Education (General Obligation Unlimited) | ||||||||
Insurer: AMBAC | ||||||||
5.50%, 12/01/2019 | 25,000 | 30,526 | ||||||
Series A, Insurer: AGM | ||||||||
5.00%, 12/01/2017 | 70,000 | 80,963 | ||||||
City of Chicago, IL (General Obligation Unlimited) | ||||||||
Insurer: AGM | ||||||||
5.50%, 01/01/2017 | 50,000 | 57,423 | ||||||
Series A, Insurer: AGM | ||||||||
5.00%, 01/01/2026 | 95,000 | 107,322 | ||||||
City of Chicago, IL O’Hare International Airport Revenue (Revenue Bonds) | 150,000 | 182,559 | ||||||
County of Cook, IL (General Obligation Unlimited) | 225,000 | 264,802 | ||||||
County of Cook, IL (General Obligation Unlimited) | 25,000 | 30,379 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 24
Transamerica Enhanced Muni
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Principal | Value | |||||||
Illinois (continued) | ||||||||
Grundy & Will Counties Community Unit School District No. 1 Coal City (General Obligation Unlimited) | $ 30,000 | $ 32,096 | ||||||
Illinois Finance Authority (Revenue Bonds) | ||||||||
4.00%, 04/01/2019 | 25,000 | 28,558 | ||||||
Series D | ||||||||
6.25%, 11/01/2028 | 65,000 | 78,119 | ||||||
Illinois Municipal Electric Agency (Revenue Bonds) | 75,000 | 85,199 | ||||||
Kankakee County Community Unit School District No. 53 (General Obligation Limited) | 50,000 | 53,675 | ||||||
Knox & Warren Counties Community Unit School District No. 205 Galesburg (General Obligation Unlimited) | 40,000 | 47,095 | ||||||
Lake County School District No. 33 | 45,000 | 16,733 | ||||||
Macon & de Witt Counties Community Unit School District No. 2 Maroa-Forsyth (General Obligation Unlimited) | 185,000 | 196,061 | ||||||
Metropolitan Pier & Exposition Authority (Revenue Bonds) | 40,000 | 47,967 | ||||||
Peoria Metropolitan Airport Authority (General Obligation Unlimited) | 35,000 | 42,725 | ||||||
Railsplitter Tobacco Settlement Authority (Revenue Bonds) | ||||||||
5.00%, 06/01/2019 | 80,000 | 94,906 | ||||||
5.38%, 06/01/2021 | 25,000 | 30,805 | ||||||
6.00%, 06/01/2028 | 75,000 | 91,589 | ||||||
Regional Transportation Authority (Revenue Bonds) | 45,000 | 59,749 | ||||||
State of Illinois (General Obligation Unlimited) | 75,000 | 82,693 | ||||||
Will & Kendall Counties Community Consolidated School District 202 Plainfield (General Obligation Unlimited) | 50,000 | 53,718 | ||||||
Will County Community Unit School District No. 365 Valley View (General Obligation Unlimited) | 50,000 | 60,369 |
Principal | Value | |||||||
Indiana - 1.3% | ||||||||
Fort Wayne Redevelopment Authority (Revenue Bonds) | $ 25,000 | $ 28,562 | ||||||
Indiana Finance Authority (Revenue Bonds) | 75,000 | 86,386 | ||||||
Indianapolis Local Public Improvement Bond Bank (Revenue Bonds) | 40,000 | 49,352 | ||||||
Kentucky - 0.2% | ||||||||
County of Warren, KY (Revenue Bonds) | 25,000 | 27,599 | ||||||
Maryland - 1.1% | ||||||||
Maryland Community Development Administration (Revenue Bonds) | 50,000 | 53,899 | ||||||
Morgan State University (Revenue Bonds) | 75,000 | 92,134 | ||||||
Massachusetts - 1.4% | ||||||||
City of Chelsea, MA (General Obligation Limited) Insurer: AGM | 50,000 | 56,167 | ||||||
Massachusetts Bay Transportation Authority (Revenue Bonds) | 100,000 | 126,680 | ||||||
Michigan - 9.3% | ||||||||
City of Detroit, MI (General Obligation Unlimited) | 25,000 | 25,048 | ||||||
City of Detroit, MI Sewage Disposal System Revenue (Revenue Bonds) | ||||||||
Insurer: CIFG | ||||||||
4.50%, 07/01/2027 | 75,000 | 78,987 | ||||||
Series A, Insurer: AGM | ||||||||
5.25%, 07/01/2024 | 50,000 | 60,004 | ||||||
5.50%, 07/01/2015 | 100,000 | 108,651 | ||||||
City of Detroit, MI Water Supply System Revenue (Revenue Bonds) | 100,000 | 104,336 | ||||||
City of Detroit, MI Water Supply System Revenue (Revenue Bonds) | 100,000 | 112,331 | ||||||
Detroit City School District (General Obligation Unlimited) | ||||||||
Series A, Insurer: AGM | ||||||||
5.25%, 05/01/2027 - 05/01/2028 | 165,000 | 195,191 | ||||||
Series A, Insurer: FGIC | ||||||||
6.00%, 05/01/2020 | 110,000 | 139,389 | ||||||
Hazel Park School District (General Obligation Unlimited) | 50,000 | 59,671 | ||||||
Huron Valley School District (General Obligation Unlimited) | 25,000 | 29,923 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 25
Transamerica Enhanced Muni
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Principal | Value | |||||||
Michigan (continued) | ||||||||
L’Anse Creuse Public Schools (General Obligation Unlimited) | $ 40,000 | $ 48,923 | ||||||
Michigan State Hospital Finance Authority (Revenue Bonds) | ||||||||
6.00%, 12/01/2017 | 170,000 | 206,599 | ||||||
Series A, Insurer: AGM | ||||||||
5.00%, 08/15/2031 | 35,000 | 35,128 | ||||||
Minnesota - 0.7% | ||||||||
City of International Falls, MN (Revenue Bonds) | 55,000 | 54,997 | ||||||
City of Rochester, MN (Revenue Bonds) | 25,000 | 30,141 | ||||||
Mississippi - 1.0% | ||||||||
Mississippi Development Bank (Revenue Bonds) | 85,000 | 106,569 | ||||||
Mississippi Home Corp. (Revenue Bonds) | 25,000 | 27,764 | ||||||
Missouri - 1.2% | ||||||||
Missouri Development Finance Board (Revenue Bonds) | 50,000 | 58,001 | ||||||
Missouri State Health & Educational Facilities Authority (Revenue Bonds) | 75,000 | 90,408 | ||||||
Nebraska - 0.2% | ||||||||
Nebraska Public Power District (Revenue Bonds) | 25,000 | 30,897 | ||||||
Nevada - 0.9% | ||||||||
County of Clark, NV Airport System Revenue (Revenue Bonds) | 25,000 | 30,032 | ||||||
County of Clark, NV (Revenue Bonds) | 25,000 | 29,531 | ||||||
Nevada System of Higher Education (Revenue Bonds) | 50,000 | 55,871 | ||||||
New Jersey - 2.5% | ||||||||
New Jersey Economic Development Authority (Revenue Bonds) | 25,000 | 30,628 | ||||||
New Jersey Transportation Trust Fund Authority (Revenue Bonds) | ||||||||
4.38%, 12/15/2020 | 50,000 | 58,890 | ||||||
5.00%, 06/15/2020 | 25,000 | 30,369 | ||||||
Series A | ||||||||
5.25%, 12/15/2019 | 40,000 | 49,274 | ||||||
5.75%, 12/15/2031 | 105,000 | 123,549 | ||||||
Township of Toms River, NJ (General Obligation Unlimited) | 25,000 | 27,914 |
Principal | Value | |||||||
New Mexico - 0.2% | ||||||||
New Mexico Educational Assistance Foundation (Revenue Bonds) | $ 25,000 | $ 29,395 | ||||||
New York - 1.5% | ||||||||
County of Nassau, NY (General Obligation Unlimited) | 30,000 | 36,122 | ||||||
New York State Dormitory Authority (Revenue Bonds) | ||||||||
4.00%, 10/01/2018 | 40,000 | 45,454 | ||||||
Insurer: AGM | ||||||||
5.00%, 10/01/2022 | 30,000 | 37,017 | ||||||
Insurer: FGIC NATL-RE | ||||||||
5.50%, 05/15/2024 | 55,000 | 72,336 | ||||||
North Carolina - 0.7% | ||||||||
City of Wilson, NC (Certificate Participation) | 35,000 | 40,000 | ||||||
Johnston Memorial Hospital Authority (Revenue Bonds) | 40,000 | 46,331 | ||||||
Ohio - 3.8% | ||||||||
Buckeye Tobacco Settlement Financing Authority (Revenue Bonds) | 330,000 | 305,332 | ||||||
County of Lorain, OH (Revenue Bonds) | 50,000 | 56,966 | ||||||
Ohio Higher Educational Facility Commission (Revenue Bonds) | 30,000 | 33,953 | ||||||
Ohio Housing Finance Agency (Revenue Bonds) | 35,000 | 38,531 | ||||||
State of Ohio (Revenue Bonds) | 50,000 | 57,207 | ||||||
Oregon - 2.1% | ||||||||
State of Oregon Housing & Community Services Department (Revenue Bonds) | ||||||||
5.00%, 07/01/2018 | 105,000 | 123,387 | ||||||
Series A | ||||||||
5.00%, 07/01/2019 | 120,000 | 141,814 | ||||||
Pennsylvania - 9.0% | ||||||||
City of Philadelphia, PA Gas Works Revenue (Revenue Bonds) | ||||||||
5.00%, 07/01/2015 | 25,000 | 26,877 | ||||||
Insurer: AGM | ||||||||
5.38%, 07/01/2017 | 100,000 | 115,386 | ||||||
City of Pittsburgh, PA (General Obligation Unlimited) | 50,000 | 56,790 | ||||||
Delaware County Regional Water Quality Control Authority (Revenue Bonds) | 150,000 | 185,289 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 26
Transamerica Enhanced Muni
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Principal | Value | |||||||
Pennsylvania (continued) | ||||||||
Pennsylvania Higher Educational Facilities Authority (Revenue Bonds) | $ 50,000 | $ 60,080 | ||||||
School District of Philadelphia | ||||||||
3.75%, 09/01/2021 | 50,000 | 54,643 | ||||||
5.00%, 09/01/2017 - 09/01/2019 | 150,000 | 174,498 | ||||||
Series B | ||||||||
3.13%, 09/01/2020 | 100,000 | 105,156 | ||||||
Series C | ||||||||
5.00%, 09/01/2016 | 35,000 | 39,730 | ||||||
Southwest Delaware County Municipal Authority (Revenue Bonds) | 25,000 | 26,012 | ||||||
State Public School Building Authority (Revenue Bonds) | ||||||||
Insurer: AGM | ||||||||
5.00%, 06/01/2017 - 06/01/2020 | 125,000 | 139,455 | ||||||
Series A, Insurer: ASSURED GTY | ||||||||
4.75%, 11/15/2029 | 125,000 | 135,351 | ||||||
Trinity Area School District (General Obligation Unlimited) | 40,000 | 45,962 | ||||||
Puerto Rico - 3.8% | ||||||||
Commonwealth of Puerto Rico (General Obligation Unlimited) | 100,000 | 100,533 | ||||||
Government Development Bank for Puerto Rico (Revenue Bonds) | 35,000 | 35,611 | ||||||
Puerto Rico Highway & Transportation Authority (Revenue Bonds) | ||||||||
Insurer: NATL-RE | ||||||||
6.25%, 07/01/2013 | 100,000 | 100,706 | ||||||
Insurer: RADIAN | ||||||||
5.50%, 07/01/2013 | 45,000 | 45,277 | ||||||
Series A, Insurer: AMBAC | ||||||||
5.50%, 07/01/2014 | 125,000 | 129,359 | ||||||
Puerto Rico Municipal Finance Agency (Revenue Bonds) | 75,000 | 82,909 | ||||||
Rhode Island - 0.4% | ||||||||
Rhode Island Housing & Mortgage Finance Corp. (Revenue Bonds) | 50,000 | 53,712 | ||||||
South Carolina - 2.2% | ||||||||
Greenville County School District (Revenue Bonds) | 25,000 | 28,165 | ||||||
South Carolina Jobs-Economic Development Authority (Revenue Bonds) | 250,000 | 254,040 |
Principal | Value | |||||||
Texas - 7.3% | ||||||||
Brazos River Authority (Revenue Bonds) | $ 25,000 | $ 25,401 | ||||||
City of Corpus Christi, TX Utility System Revenue (Revenue Bonds) | 60,000 | 72,679 | ||||||
City of San Antonio, TX (Revenue Bonds) | ||||||||
Insurer: AGM | ||||||||
3.50%, 07/01/2019 | 50,000 | 55,514 | ||||||
4.63%, 07/01/2027 | 50,000 | 55,614 | ||||||
County of Bexar, TX (Revenue Bonds) | 165,000 | 197,363 | ||||||
Gulf Coast Waste Disposal Authority (Revenue Bonds) | 50,000 | 50,194 | ||||||
Harris County Cultural Education Facilities Finance Corp. (Revenue Bonds) | 20,000 | 23,378 | ||||||
Harris County Municipal Utility District No. 391 (General Obligation Unlimited) | 25,000 | 29,210 | ||||||
Lower Colorado River Authority (Revenue Bonds) | 35,000 | 42,956 | ||||||
Oakmont Public Utility District (General Obligation Unlimited) | 40,000 | 44,104 | ||||||
Parkway Utility District (General Obligation Unlimited) | 75,000 | 81,268 | ||||||
Tarrant County Cultural Education Facilities Finance Corp. (Revenue Bonds) | 100,000 | 112,202 | ||||||
Texas Public Finance Authority (Revenue Bonds) | 100,000 | 109,197 | ||||||
University of North Texas (Revenue Bonds) | 50,000 | 50,219 | ||||||
Utah - 0.7% | ||||||||
City of Riverton, UT (Revenue Bonds) | 75,000 | 89,649 | ||||||
Washington - 0.2% | ||||||||
Port of Seattle, WA (Revenue Bonds) | 25,000 | 29,874 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 27
Transamerica Enhanced Muni
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Principal | Value | |||||||
Wisconsin - 0.2% | ||||||||
Wisconsin Center District (Revenue Bonds) | $ 25,000 | $ 29,514 | ||||||
|
| |||||||
Total Municipal Government Obligations (cost $12,532,065) |
| 12,782,746 | ||||||
|
| |||||||
Total Investment Securities (cost $12,532,065) (C) |
| 12,782,746 | ||||||
Other Assets and Liabilities - Net |
| 166,709 | ||||||
|
| |||||||
Net Assets |
| $ 12,949,455 | ||||||
|
|
NOTES TO SCHEDULE OF INVESTMENTS:
(A) | Rate shown reflects the yield at April 30, 2013. |
(B) | Floating or variable rate note. Rate is listed as of April 30, 2013. |
(C) | Aggregate cost for federal income tax purposes is $12,532,065. Aggregate gross unrealized appreciation and depreciation for all securities in which there is an excess of value over tax cost were $253,718 and $3,037, respectively. Net unrealized appreciation for tax purposes is $250,681. |
DEFINITIONS:
AGC | Assured Guaranty Corporation | |
AGM | Assured Guaranty Municipal Corporation | |
AMBAC | AMBAC Financial Group, Inc. | |
ASSURED GTY | Assured Guaranty, Ltd. | |
CIFG | CIFG Assurance North America, Inc. | |
FGIC | Financial Guaranty Insurance Company | |
FSA | Assured Guaranty Municipal Corporation (formerly Financial Security Assurance, Inc.) | |
ICC | Insured Custody Certificate | |
MBIA | National Public Finance Guarantee Corporation (formerly Municipal Bond Insurance Association) | |
NATL-RE | National Public Finance Guarantee Corporation | |
RADIAN | Radian Asset Assurance Inc. | |
XLCA | Syncora (formerly XL Capital Assurance, Inc.) |
VALUATION SUMMARY: (D)
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
ASSETS | ||||||||||||||||
Investment Securities | ||||||||||||||||
Municipal Government Obligations | $ | — | $ | 12,782,746 | $ | — | $ | 12,782,746 | ||||||||
Total Investment Securities | $ | — | $ | 12,782,746 | $ | — | $ | 12,782,746 | ||||||||
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
LIABILITIES | ||||||||||||||||
Other Liabilities (E) | ||||||||||||||||
Due to Custodian | $ | — | $ | (456,409 | ) | $ | — | $ | (456,409 | ) | ||||||
Total Other Liabilities | $ | — | $ | (456,409 | ) | $ | — | $ | (456,409 | ) |
(D) | Transfers between levels are considered to have occurred at the end of the reporting period. There were no transfers between Levels 1 and 2 during the period ended April 30, 2013. See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
(E) | Certain assets and liabilities are held at carrying amount or face value, which approximates fair value for financial reporting purposes. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 28
Transamerica Flexible Income
SCHEDULE OF INVESTMENTS
At April 30, 2013
(unaudited)
Principal | Value | |||||||
U.S. GOVERNMENT OBLIGATIONS - 9.0% |
| |||||||
U.S. Treasury Inflation Indexed Bond | $ 2,270,226 | $ 3,223,367 | ||||||
U.S. Treasury Note | ||||||||
1.75%, 05/15/2022 | 6,280,000 | 6,392,355 | ||||||
2.00%, 11/15/2021 - 02/15/2022 | 7,940,000 | 8,281,658 | ||||||
2.13%, 02/29/2016 | 4,655,000 | 4,894,658 | ||||||
2.63%, 11/15/2020 | 2,565,000 | 2,827,913 | ||||||
3.50%, 05/15/2020 | 2,150,000 | 2,502,903 | ||||||
|
| |||||||
Total U.S. Government Obligations (cost $26,263,212) |
| 28,122,854 | ||||||
|
| |||||||
U.S. GOVERNMENT AGENCY OBLIGATION - 0.1% |
| |||||||
Freddie Mac STRIPS, IO 5.00%, 08/01/2035 | 3,407,501 | 417,127 | ||||||
|
| |||||||
Total U.S. Government Agency Obligation (cost $1,216,860) |
| 417,127 | ||||||
|
| |||||||
FOREIGN GOVERNMENT OBLIGATIONS - 3.7% |
| |||||||
Canada Housing Trust No. 1 3.15%, 06/15/2015 (A) | CAD 2,500,000 | 2,588,689 | ||||||
Chile Government International Bond | CLP 994,500,000 | 2,234,801 | ||||||
Mexican Bonos | ||||||||
Series M | ||||||||
7.00%, 06/19/2014 | MXN 18,000,000 | 1,532,598 | ||||||
7.25%, 12/15/2016 | 28,500,000 | 2,597,180 | ||||||
Philippine Government International Bond | PHP 90,000,000 | 2,448,979 | ||||||
|
| |||||||
Total Foreign Government Obligations (cost $10,037,023) |
| 11,402,247 | ||||||
|
| |||||||
MORTGAGE-BACKED SECURITIES - 7.0% |
| |||||||
7 WTC Depositor LLC Trust Series 2012-7WTC, Class A 4.08%, 03/13/2031 - 144A | $ 649,991 | 684,679 | ||||||
American General Mortgage Loan Trust | 1,785,000 | 1,842,559 | ||||||
BCAP LLC Trust | ||||||||
Series 2009-RR10, Class 2A1 | ||||||||
3.12%, 08/26/2035 - 144A (A) | 532,591 | 524,339 | ||||||
Series 2009-RR14, Class 1A1 | ||||||||
6.01%, 05/26/2037 - 144A (A) | 1,005,414 | 1,073,439 | ||||||
Series 2009-RR3, Class 2A1 | ||||||||
4.59%, 05/26/2037 - 144A (A) | 43,349 | 43,425 | ||||||
Series 2009-RR6, Class 2A1 | ||||||||
2.95%, 08/26/2035 - 144A (A) | 794,233 | 726,436 | ||||||
Series 2010-RR1, Class 12A1 | ||||||||
5.25%, 08/26/2036 - 144A (A) | 1,019,282 | 1,060,998 | ||||||
Countrywide Alternative Loan Trust | ||||||||
Series 2004-3T1, Class A3 | ||||||||
5.00%, 05/25/2034 | 877,539 | 912,958 | ||||||
Series 2006-OC1, Class 2A3A | ||||||||
0.52%, 03/25/2036 (A) | 2,892,443 | 1,614,865 | ||||||
Credit Suisse Mortgage Capital Certificates | 498,362 | 496,525 |
Principal | Value | |||||||
MORTGAGE-BACKED SECURITIES (continued) |
| |||||||
Jefferies & Co., Inc. | ||||||||
Series 2009-R2, Class 2A | ||||||||
2.88%, 12/26/2037 - 144A (A) | $ 314,761 | $ 315,958 | ||||||
Series 2009-R7, Class 10A3 | ||||||||
6.00%, 12/26/2036 - 144A | 223,235 | 234,110 | ||||||
Series 2009-R7, Class 12A1 | ||||||||
5.33%, 08/26/2036 - 144A (A) | 243,237 | 238,925 | ||||||
Series 2009-R7, Class 1A1 | ||||||||
2.53%, 02/26/2036 - 144A (A) | 610,528 | 596,924 | ||||||
Series 2009-R7, Class 4A1 | ||||||||
2.91%, 09/26/2034 - 144A (A) | 460,091 | 446,288 | ||||||
Series 2009-R9, Class 1A1 | ||||||||
2.67%, 08/26/2046 - 144A (A) | 553,148 | 558,376 | ||||||
JPMorgan Chase Commercial Mortgage Securities Corp. | 908,474 | 990,024 | ||||||
JPMorgan Re-REMIC | 392,450 | 396,850 | ||||||
LSTAR Commercial Mortgage Trust | 517,814 | 535,812 | ||||||
Morgan Stanley Re-REMIC Trust | ||||||||
Series 2010-GG10, Class A4A | ||||||||
5.98%, 08/15/2045 - 144A (A) | 1,740,000 | 2,005,362 | ||||||
Series 2010-R4, Class 3A | ||||||||
5.50%, 08/26/2047 - 144A | 1,096,288 | 1,138,685 | ||||||
ORES NPL LLC | 728,329 | 728,438 | ||||||
RREF LLC | 1,179,512 | 1,179,710 | ||||||
S2 Hospitality LLC | 375,268 | 375,179 | ||||||
Spirit Master Funding LLC | 2,714,851 | 2,794,651 | ||||||
Wells Fargo Mortgage Backed Securities Trust | ||||||||
Series 2003-G, Class A1 | ||||||||
4.10%, 06/25/2033 (A) | 204,047 | 205,967 | ||||||
Series 2003-L, Class 1A2 | ||||||||
4.51%, 11/25/2033 (A) | 149,278 | 152,177 | ||||||
|
| |||||||
Total Mortgage-Backed Securities (cost $20,964,544) |
| 21,873,659 | ||||||
|
| |||||||
ASSET-BACKED SECURITIES - 4.2% |
| |||||||
Bayview Opportunity Master Fund Trust IIB, LP | 1,234,495 | 1,244,604 | ||||||
Countrywide Asset-Backed Certificates | 3,600,000 | 2,471,825 | ||||||
GSAA Trust | 2,174,172 | 1,547,293 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 29
Transamerica Flexible Income
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Principal | Value | |||||||
ASSET-BACKED SECURITIES (continued) |
| |||||||
GSAMP Trust | $ 2,270,000 | $ 2,029,103 | ||||||
HLSS Servicer Advance Receivables Backed Notes | ||||||||
Series 2012-T2, Class C1 | ||||||||
3.22%, 10/15/2043 - 144A | 518,000 | 522,377 | ||||||
Series 2013-T1, Class D1 | ||||||||
2.49%, 01/15/2044 - 144A | 850,000 | 852,507 | ||||||
HSBC Home Equity Loan Trust | 1,510,000 | 1,463,503 | ||||||
Lehman XS Trust | 2,588,514 | 1,676,956 | ||||||
Popular ABS Mortgage Pass-Through Trust | 1,450,375 | 1,372,944 | ||||||
|
| |||||||
Total Asset-Backed Securities (cost $10,262,231) |
| 13,181,112 | ||||||
|
| |||||||
MUNICIPAL GOVERNMENT OBLIGATIONS - 1.3% |
| |||||||
Rhode Island Economic Development Corp. (Revenue Bonds) | 1,545,000 | 1,607,063 | ||||||
State of California (General Obligation Unlimited) | 1,820,000 | 2,319,171 | ||||||
|
| |||||||
Total Municipal Government Obligations (cost $3,367,058) |
| 3,926,234 | ||||||
|
| |||||||
PREFERRED CORPORATE DEBT SECURITY - 1.5% |
| |||||||
Insurance - 1.5% | ||||||||
ZFS Finance USA Trust II 6.45%, 12/15/2065 - 144A (A) | 4,300,000 | 4,644,000 | ||||||
|
| |||||||
Total Preferred Corporate Debt Security (cost $3,922,448) |
| 4,644,000 | ||||||
|
| |||||||
CORPORATE DEBT SECURITIES - 64.1% |
| |||||||
Aerospace & Defense - 0.1% | ||||||||
Bombardier, Inc. | 240,000 | 259,500 | ||||||
Airlines - 2.4% | ||||||||
America West Airlines Pass-Through Trust | 902,163 | 1,005,911 | ||||||
American Airlines Pass-Through Trust 4.00%, 07/15/2025 - 144A | 2,305,000 | 2,313,644 | ||||||
Continental Airlines Pass-Through Trust | ||||||||
6.90%, 10/19/2023 | 1,200,055 | 1,278,059 | ||||||
7.46%, 10/01/2016 | 268,565 | 271,600 | ||||||
U.S. Airways Pass-Through Trust 3.95%, 05/15/2027 | 855,000 | 859,275 | ||||||
UAL Pass-Through Trust 10.40%, 05/01/2018 | 1,462,256 | 1,696,217 | ||||||
Beverages - 0.4% | ||||||||
Anheuser-Busch InBev Worldwide, Inc. 9.75%, 11/17/2015 | BRL 2,200,000 | 1,191,403 |
Principal | Value | |||||||
Building Products - 1.0% | ||||||||
Owens Corning | $ 2,960,000 | $ 3,122,978 | ||||||
Capital Markets - 1.9% | ||||||||
Macquarie Group, Ltd. 6.25%, 01/14/2021 - 144A | 1,275,000 | 1,448,731 | ||||||
Morgan Stanley | ||||||||
3.75%, 02/25/2023 (E) | 2,000,000 | 2,075,688 | ||||||
5.75%, 01/25/2021 | 750,000 | 892,704 | ||||||
Prospect Capital Corp. | 1,625,000 | 1,630,899 | ||||||
Commercial Banks - 7.1% | ||||||||
Barclays Bank PLC | 2,570,000 | 3,516,017 | ||||||
BBVA Bancomer SA | 1,400,000 | 1,596,000 | ||||||
CIT Group, Inc. | 570,000 | 599,925 | ||||||
FirstMerit Corp. | 865,000 | 908,829 | ||||||
Intesa Sanpaolo SpA | 1,930,000 | 1,929,299 | ||||||
M&I Marshall & Ilsley Bank 5.00%, 01/17/2017 | 1,550,000 | 1,697,903 | ||||||
Rabobank Nederland NV 11.00%, 06/30/2019 - 144A (A) (F) | 1,695,000 | 2,275,537 | ||||||
Regions Bank | 1,660,000 | 2,059,261 | ||||||
Royal Bank of Scotland Group PLC 5.05%, 01/08/2015 (E) | 1,000,000 | 1,041,659 | ||||||
UBS AG | 990,000 | 1,147,949 | ||||||
Wells Fargo & Co. | 2,400,000 | 2,781,000 | ||||||
Zions Bancorporation | 2,500,000 | 2,713,400 | ||||||
Commercial Services & Supplies - 0.6% | ||||||||
Hertz Corp. | 270,000 | 294,975 | ||||||
Steelcase, Inc. | 1,385,000 | 1,552,628 | ||||||
Construction Materials - 0.8% | ||||||||
Cemex Finance LLC | 1,330,000 | 1,429,750 | ||||||
Voto-Votorantim Overseas Trading Operations NV | 840,000 | 982,800 | ||||||
Consumer Finance - 1.2% | ||||||||
Ally Financial, Inc. | 600,000 | 632,250 | ||||||
SLM Corp., Series MTN 3.88%, 09/10/2015 (E) | 650,000 | 674,650 | ||||||
Springleaf Finance Corp., Series MTN | ||||||||
6.50%, 09/15/2017 | 320,000 | 328,000 | ||||||
6.90%, 12/15/2017 | 2,070,000 | 2,154,094 | ||||||
Containers & Packaging - 0.9% | ||||||||
Exopack Holding Corp. 10.00%, 06/01/2018 | 1,280,000 | 1,292,800 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 30
Transamerica Flexible Income
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Principal | Value | |||||||
Containers & Packaging (continued) | ||||||||
Graphic Packaging International, Inc. | ||||||||
4.75%, 04/15/2021 | $ 265,000 | $ 275,600 | ||||||
9.50%, 06/15/2017 | 885,000 | 933,675 | ||||||
Sealed Air Corp. | 195,000 | 223,275 | ||||||
Distributors - 0.7% | ||||||||
Glencore Funding LLC | 2,000,000 | 2,088,234 | ||||||
Diversified Financial Services - 6.2% | ||||||||
Bank of America Corp. | 2,405,000 | 2,773,951 | ||||||
Citigroup, Inc. | 2,290,000 | 2,398,775 | ||||||
CNH Capital LLC | 340,000 | 351,900 | ||||||
Ford Motor Credit Co., LLC | ||||||||
3.88%, 01/15/2015 | 780,000 | 811,623 | ||||||
4.25%, 09/20/2022 (E) | 775,000 | 819,522 | ||||||
General Electric Capital Corp. 7.13%, 06/15/2022 (A) (F) | 1,300,000 | 1,521,825 | ||||||
Jefferies Group, Inc. | 810,000 | 878,966 | ||||||
JPMorgan Chase & Co. | 2,090,000 | 2,123,962 | ||||||
Oaktree Capital Management, LP 6.75%, 12/02/2019 - 144A | 1,950,000 | 2,266,304 | ||||||
Unison Ground Lease Funding LLC 6.39%, 04/15/2040 - 144A | 2,615,000 | 3,026,494 | ||||||
Vesey Street Investment Trust I 4.40%, 09/01/2016 (A) | 2,170,000 | 2,359,899 | ||||||
Diversified Telecommunication Services - 2.9% |
| |||||||
CenturyLink, Inc. | 1,345,000 | 1,423,684 | ||||||
Frontier Communications Corp. 7.63%, 04/15/2024 | 1,500,000 | 1,563,750 | ||||||
GTP Towers Issuer LLC | 2,295,000 | 2,397,176 | ||||||
Hughes Satellite Systems Corp. 6.50%, 06/15/2019 | 400,000 | 445,000 | ||||||
Level 3 Communications, Inc. 8.88%, 06/01/2019 - 144A (E) | 180,000 | 198,900 | ||||||
Level 3 Financing, Inc. | 1,840,000 | 2,028,600 | ||||||
Wind Acquisition Finance SA | ||||||||
7.25%, 02/15/2018 - 144A | 700,000 | 738,500 | ||||||
11.75%, 07/15/2017 - 144A | 200,000 | 214,500 | ||||||
Electrical Equipment - 1.0% | ||||||||
Anixter, Inc. | 1,300,000 | 1,387,750 | ||||||
Polypore International, Inc. 7.50%, 11/15/2017 (E) | 1,560,000 | 1,684,800 | ||||||
Energy Equipment & Services - 1.5% | ||||||||
Drill Rigs Holdings, Inc. | 340,000 | 344,250 | ||||||
Enterprise Products Operating LLC 8.38%, 08/01/2066 (A) | 1,150,000 | 1,321,062 | ||||||
Seadrill, Ltd. | 675,000 | 690,188 |
Principal | Value | |||||||
Energy Equipment & Services (continued) | ||||||||
Transocean, Inc. | $ 935,000 | $ 1,119,962 | ||||||
Weatherford International, Ltd. 9.63%, 03/01/2019 | 945,000 | 1,249,548 | ||||||
Food & Staples Retailing - 0.8% | ||||||||
C&S Group Enterprises LLC 8.38%, 05/01/2017 - 144A (E) | 1,252,000 | 1,345,900 | ||||||
Ingles Markets, Inc. | 1,140,000 | 1,195,575 | ||||||
Stater Bros Holdings, Inc. | 65,000 | 69,712 | ||||||
Food Products - 1.1% | ||||||||
Arcor SAIC | 1,285,000 | 1,365,312 | ||||||
Michael Foods Group, Inc. | 1,200,000 | 1,345,500 | ||||||
Post Holdings, Inc. | 618,000 | 685,980 | ||||||
Health Care Equipment & Supplies - 0.6% | ||||||||
Hologic, Inc. | 590,000 | 637,200 | ||||||
Mallinckrodt International Finance SA 3.50%, 04/15/2018 - 144A (E) | 1,320,000 | �� | 1,338,698 | |||||
Health Care Providers & Services - 0.8% | ||||||||
CHS/Community Health Systems, Inc. 7.13%, 07/15/2020 (E) | 1,000,000 | 1,117,500 | ||||||
Express Scripts Holding Co. 4.75%, 11/15/2021 | 1,220,000 | 1,409,974 | ||||||
Hotels, Restaurants & Leisure - 2.0% | ||||||||
CityCenter Holdings LLC / CityCenter Finance Corp. | 1,500,000 | 1,659,375 | ||||||
GWR Operating Partnership LLP 10.88%, 04/01/2017 | 1,500,000 | 1,695,000 | ||||||
WMG Acquisition Corp. | 1,348,000 | 1,442,360 | ||||||
Wyndham Worldwide Corp. | 1,400,000 | 1,411,369 | ||||||
Household Durables - 1.0% | ||||||||
Beazer Homes USA, Inc. | 1,340,000 | 1,460,600 | ||||||
Brookfield Residential Properties, Inc. 6.50%, 12/15/2020 - 144A | 635,000 | 683,419 | ||||||
Meritage Homes Corp. | 975,000 | 979,875 | ||||||
Household Products - 0.4% | ||||||||
Reynolds Group Issuer, Inc. / Reynolds Group Issuer LLC / Reynolds Group Issuer Lu | ||||||||
5.75%, 10/15/2020 (E) | 1,360,000 | 1,424,600 | ||||||
Independent Power Producers & Energy Traders - 0.7% |
| |||||||
NRG Energy, Inc. | ||||||||
7.63%, 05/15/2019 (E) | 640,000 | 694,400 | ||||||
7.88%, 05/15/2021 | 1,280,000 | 1,449,600 | ||||||
Insurance - 6.1% | ||||||||
American Financial Group, Inc. 9.88%, 06/15/2019 | 1,100,000 | 1,498,443 | ||||||
Chubb Corp. | 1,500,000 | 1,668,750 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 31
Transamerica Flexible Income
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Principal | Value | |||||||
Insurance (continued) | ||||||||
Fidelity National Financial, Inc. 6.60%, 05/15/2017 | $ 2,580,000 | $ 2,937,908 | ||||||
Hanover Insurance Group, Inc. 6.38%, 06/15/2021 | 1,515,000 | 1,765,061 | ||||||
ING US, Inc. | 955,000 | 1,085,959 | ||||||
Liberty Mutual Group, Inc. 4.95%, 05/01/2022 - 144A | 820,000 | 912,741 | ||||||
Oil Insurance, Ltd. | 1,245,000 | 1,129,467 | ||||||
Reinsurance Group of America, Inc. 6.75%, 12/15/2065 (A) (E) | 2,760,000 | 2,808,300 | ||||||
Sompo Japan Insurance, Inc. 5.33%, 03/28/2073 - 144A (A) | 2,375,000 | 2,467,031 | ||||||
Stone Street Trust | 2,450,000 | 2,659,306 | ||||||
IT Services - 0.7% | ||||||||
Cardtronics, Inc. | 1,890,000 | 2,071,913 | ||||||
Marine - 0.6% | ||||||||
Martin Midstream Partners LP / Martin Midstream Finance Corp. 8.88%, 04/01/2018 | 1,663,000 | 1,779,410 | ||||||
Media - 1.7% | ||||||||
CCO Holdings LLC / CCO Holdings Capital Corp. | 1,500,000 | 1,561,875 | ||||||
Clear Channel Worldwide Holdings, Inc. | 1,305,000 | 1,404,537 | ||||||
Lions Gate Entertainment, Inc. 10.25%, 11/01/2016 - 144A | 1,010,000 | 1,099,638 | ||||||
Nara Cable Funding, Ltd. 8.88%, 12/01/2018 - 144A | 1,100,000 | 1,177,000 | ||||||
Metals & Mining - 1.6% | ||||||||
Anglo American Capital PLC 9.38%, 04/08/2019 - 144A | 890,000 | 1,185,944 | ||||||
ArcelorMittal | 1,965,000 | 2,155,351 | ||||||
FMG Resources August 2006 Pty, Ltd. 7.00%, 11/01/2015 - 144A | 160,000 | 167,600 | ||||||
Rio Tinto Finance USA, Ltd. 9.00%, 05/01/2019 | 1,000,000 | 1,383,466 | ||||||
Multi-Utilities - 0.7% | ||||||||
Black Hills Corp. | ||||||||
5.88%, 07/15/2020 | 1,200,000 | 1,407,011 | ||||||
9.00%, 05/15/2014 | 690,000 | 743,186 | ||||||
Oil, Gas & Consumable Fuels - 4.8% | ||||||||
Chesapeake Energy Corp. 6.50%, 08/15/2017 (E) | 1,325,000 | 1,484,000 | ||||||
Energy Transfer Equity, LP 7.50%, 10/15/2020 (E) | 320,000 | 374,400 | ||||||
Gazprom OAO Via GAZ Capital SA 8.13%, 07/31/2014 - 144A | 1,560,000 | 1,690,260 | ||||||
Linn Energy LLC / Linn Energy Finance Corp. | 1,305,000 | 1,363,725 | ||||||
Lukoil International Finance BV | ||||||||
3.42%, 04/24/2018 - 144A | 1,050,000 | 1,068,900 | ||||||
6.38%, 11/05/2014 - 144A | 1,180,000 | 1,267,438 |
Principal | Value | |||||||
Oil, Gas & Consumable Fuels (continued) |
| |||||||
Petrobras International Finance Co. 5.38%, 01/27/2021 | $ 1,040,000 | $ 1,148,438 | ||||||
Petrohawk Energy Corp. | 1,050,000 | 1,162,087 | ||||||
Petroleum Co., of Trinidad & Tobago, Ltd. 9.75%, 08/14/2019 - 144A | 876,000 | 1,121,280 | ||||||
Ras Laffan Liquefied Natural Gas Co., Ltd. III | 1,545,000 | 1,927,387 | ||||||
Rosneft Oil Co. via Rosneft International Finance, Ltd. | 970,000 | 979,652 | ||||||
TNK-BP Finance SA | 1,250,000 | 1,337,750 | ||||||
Paper & Forest Products - 1.0% | ||||||||
Ainsworth Lumber Co., Ltd. 7.50%, 12/15/2017 - 144A (E) | 650,000 | 708,500 | ||||||
Boise Cascade LLC/Boise Cascade Finance Corp. | 1,020,000 | 1,091,400 | ||||||
Fibria Overseas Finance, Ltd. 6.75%, 03/03/2021 - 144A (E) | 1,245,000 | 1,389,731 | ||||||
Personal Products - 0.1% | ||||||||
Revlon Consumer Products Corp. 5.75%, 02/15/2021 - 144A (E) | 460,000 | 473,800 | ||||||
Pharmaceuticals - 0.2% | ||||||||
Watson Pharmaceuticals, Inc. 3.25%, 10/01/2022 (E) | 715,000 | 712,401 | ||||||
Professional Services - 0.4% | ||||||||
Block Financial LLC | 1,300,000 | 1,368,050 | ||||||
Real Estate Investment Trusts - 1.8% | ||||||||
EPR Properties | 2,335,000 | 2,832,451 | ||||||
Kilroy Realty, LP | 2,440,000 | 2,974,970 | ||||||
Real Estate Management & Development - 0.5% |
| |||||||
Algeco Scotsman Global Finance PLC 8.50%, 10/15/2018 - 144A (E) | 1,370,000 | 1,479,600 | ||||||
Road & Rail - 1.1% | ||||||||
Aviation Capital Group Corp. | ||||||||
4.63%, 01/31/2018 - 144A | 960,000 | 1,001,382 | ||||||
7.13%, 10/15/2020 - 144A | 2,200,000 | 2,527,604 | ||||||
Software - 0.4% | ||||||||
First Data Corp. | ||||||||
6.75%, 11/01/2020 - 144A | 650,000 | 697,125 | ||||||
7.38%, 06/15/2019 - 144A | 630,000 | 685,125 | ||||||
Specialty Retail - 0.7% | ||||||||
Claire’s Stores, Inc. | 815,000 | 934,194 | ||||||
Michaels Stores, Inc. | 1,196,000 | 1,252,822 | ||||||
Textiles, Apparel & Luxury Goods - 0.2% | ||||||||
Jones Group, Inc. / Apparel Group Hold / Apparel Group USA / Footwear Acc Retail 6.88%, 03/15/2019 | 510,000 | 552,075 | ||||||
Tobacco - 0.5% | ||||||||
Lorillard Tobacco Co. | 1,235,000 | 1,581,171 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 32
Transamerica Flexible Income
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Principal | Value | |||||||
Trading Companies & Distributors - 1.1% | ||||||||
International Lease Finance Corp. | ||||||||
6.25%, 05/15/2019 | $ 1,310,000 | $ 1,468,837 | ||||||
6.75%, 09/01/2016 - 144A | 1,850,000 | 2,104,375 | ||||||
Wireless Telecommunication Services - 3.8% |
| |||||||
Crown Castle Towers LLC | ||||||||
4.88%, 08/15/2020 - 144A | 1,550,000 | 1,788,905 | ||||||
6.11%, 01/15/2020 - 144A | 1,650,000 | 2,027,559 | ||||||
MetroPCS Wireless, Inc. 6.63%, 04/01/2023 - 144A (E) | 991,000 | 1,065,325 | ||||||
SBA Tower Trust | 2,365,000 | 2,642,218 | ||||||
Sprint Nextel Corp. | 1,300,000 | 1,514,500 | ||||||
WCP Wireless Site Funding / WCP Wireless Site RE Funding / WCP Wireless Site NON | 2,570,000 | 2,764,223 | ||||||
|
| |||||||
Total Corporate Debt Securities (cost $182,684,951) | 200,362,516 | |||||||
|
| |||||||
CONVERTIBLE BONDS - 1.0% | ||||||||
Automobiles - 0.4% | ||||||||
Ford Motor Co. | 730,000 | 1,201,762 | ||||||
Energy Equipment & Services - 0.6% | ||||||||
NuStar Logistics, LP | 1,775,000 | 2,036,012 | ||||||
|
| |||||||
Total Convertible Bonds (cost $2,752,253) | 3,237,774 | |||||||
|
| |||||||
LOAN ASSIGNMENTS - 0.6% | ||||||||
Communications Equipment - 0.5% | ||||||||
Sorenson Communications, Inc. — , 10/31/2014 (C) (D) (I) | 1,500,000 | 1,521,563 | ||||||
Food & Staples Retailing - 0.1% | ||||||||
Albertsons LLC | 500,000 | 505,469 | ||||||
|
| |||||||
Total Loan Assignments (cost $1,997,500) | 2,027,032 | |||||||
|
|
Shares | Value | |||||||
PREFERRED STOCKS - 1.6% | ||||||||
Commercial Banks - 0.3% | ||||||||
CoBank ACB 144A, 6.25% (A) | 9,770 | $ 1,028,292 | ||||||
Consumer Finance - 0.6% | ||||||||
Ally Financial, Inc. - Series A, 8.50% (A) | 75,200 | 2,013,104 | ||||||
Diversified Telecommunication Services - 0.7% |
| |||||||
Centaur Funding Corp. - Series A, Class A 144A, 9.08% | 1,661 | 2,091,039 | ||||||
|
| |||||||
Total Preferred Stocks (cost $5,009,824) |
| 5,132,435 | ||||||
|
| |||||||
COMMON STOCKS - 0.9% | ||||||||
Diversified Telecommunication Services - 0.9% |
| |||||||
Verizon Communications, Inc. (E) | 51,000 | 2,749,410 | ||||||
|
| |||||||
Total Common Stocks (cost $1,597,183) |
| 2,749,410 | ||||||
|
| |||||||
WARRANT - 0.6% | ||||||||
Commercial Banks - 0.6% | ||||||||
Wells Fargo & Co. (J) | 148,210 | 1,774,074 | ||||||
|
| |||||||
Total Warrant (cost $1,141,217) | 1,774,074 | |||||||
|
| |||||||
SECURITIES LENDING COLLATERAL - 10.8% |
| |||||||
State Street Navigator Securities Lending Trust - Prime Portfolio, 0.18% (K) | 33,724,272 | 33,724,272 | ||||||
|
| |||||||
Total Securities Lending Collateral (cost $33,724,272) |
| 33,724,272 | ||||||
|
| |||||||
Principal | Value | |||||||
REPURCHASE AGREEMENT - 5.8% |
| |||||||
State Street Bank & Trust Co. | $ 18,038,515 | 18,038,515 | ||||||
|
| |||||||
Total Repurchase Agreement (cost $18,038,515) |
| 18,038,515 | ||||||
|
| |||||||
Total Investment Securities (cost $322,979,091) (L) |
| 350,613,261 | ||||||
Other Assets and Liabilities - Net | (38,230,896 | ) | ||||||
|
| |||||||
Net Assets | $ 312,382,365 | |||||||
|
|
NOTES TO SCHEDULE OF INVESTMENTS:
(A) | Floating or variable rate note. Rate is listed as of April 30, 2013. |
(B) | Step bond - Coupon rate changes in increments to maturity. Rate disclosed is as of April 30, 2013. Maturity date disclosed is the ultimate maturity date. |
(C) | Illiquid. Total aggregate market value of illiquid securities is $3,634,095, or 1.16% of the fund’s net assets. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 33
Transamerica Flexible Income
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
NOTES TO SCHEDULE OF INVESTMENTS (continued):
(D) | Restricted security. At April 30, 2013, the fund owned the respective securities which were restricted as to public resale: |
Investment Securities | Description | Acquisition Date | Cost | Value | Value as % of Net Assets | |||||||||||||
Municipal Government Obligations | Rhode Island Economic Development Corp. - Insurer: AGM | 10/25/2010 | $ | 1,545,000 | $ | 1,607,063 | 0.51 | % | ||||||||||
Loan Assignments | Sorenson Communications, Inc. | 3/13/2013 | 1,500,000 | 1,521,563 | 0.49 | |||||||||||||
Loan Assignments | Albertsons LLC | 2/26/2013 | 497,500 | 505,469 | 0.16 | |||||||||||||
|
|
|
|
|
| |||||||||||||
$ | 3,542,500 | $ | 3,634,095 | 1.16 | % | |||||||||||||
|
|
|
|
|
|
(E) | All or a portion of this security is on loan. The value of all securities on loan is $33,030,179. The amount of securities on loan indicated may not correspond with the securities on loan identified because securities with pending sales are in the process of recall from the brokers. |
(F) | The security has a perpetual maturity. The date shown is the next call date. |
(G) | Payment in-kind. Securities pay interest or dividends in the form of additional bonds or preferred stock. If a security makes cash payment in addition to in-kind, the cash rate is disclosed separately. |
(H) | When-issued security. A conditional transaction in a security authorized for issuance, but not yet issued. |
(I) | All or portion of this security represents unsettled loan commitment at April 30, 2013 where the rate will be determined at time of settlement. |
(J) | Non-income producing security. |
(K) | Rate shown reflects the yield at April 30, 2013. |
(L) | Aggregate cost for federal income tax purposes is $322,979,091. Aggregate gross unrealized appreciation and depreciation for all securities in which there is an excess of value over tax cost were $28,792,330 and $1,158,160, respectively. Net unrealized appreciation for tax purposes is $27,634,170. |
DEFINITIONS:
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 April 30, 2013, these securities aggregated $106,988,210 or 34.25% of the fund’s net assets. | |
AGM | Assured Guaranty Municipal Corporation | |
IO | Interest Only | |
MTN | Medium Term Note | |
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) | |
STRIPS | Separate Trading of Registered Interest and Principal of Securities |
CURRENCY ABBREVIATIONS:
BRL | Brazilian Real | |
CAD | Canadian Dollar | |
CLP | Chilean Peso | |
MXN | Mexican Peso | |
PHP | Philippine Peso |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 34
Transamerica Flexible Income
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
VALUATION SUMMARY: (M)
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
ASSETS | ||||||||||||||||
Investment Securities | ||||||||||||||||
U.S. Government Obligations | $ | — | $ | 28,122,854 | $ | — | $ | 28,122,854 | ||||||||
U.S. Government Agency Obligation | — | 417,127 | — | 417,127 | ||||||||||||
Foreign Government Obligations | — | 11,402,247 | — | 11,402,247 | ||||||||||||
Mortgage-Backed Securities | — | 21,873,659 | — | 21,873,659 | ||||||||||||
Asset-Backed Securities | — | 13,181,112 | — | 13,181,112 | ||||||||||||
Municipal Government Obligations | — | 3,926,234 | — | 3,926,234 | ||||||||||||
Preferred Corporate Debt Security | — | 4,644,000 | — | 4,644,000 | ||||||||||||
Corporate Debt Securities | — | 200,362,516 | — | 200,362,516 | ||||||||||||
Convertible Bonds | — | 3,237,774 | — | 3,237,774 | ||||||||||||
Loan Assignments | — | 2,027,032 | — | 2,027,032 | ||||||||||||
Preferred Stocks | 5,132,435 | — | — | 5,132,435 | ||||||||||||
Common Stocks | 2,749,410 | — | — | 2,749,410 | ||||||||||||
Warrant | 1,774,074 | — | — | 1,774,074 | ||||||||||||
Securities Lending Collateral | 33,724,272 | — | — | 33,724,272 | ||||||||||||
Repurchase Agreement | — | 18,038,515 | — | 18,038,515 | ||||||||||||
Total Investment Securities | $ | 43,380,191 | $ | 307,233,070 | $ | — | $ | 350,613,261 | ||||||||
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
LIABILITIES | ||||||||||||||||
Other Liabilities (N) | ||||||||||||||||
Collateral for Securities on Loan | $ | — | $ | (33,724,272 | ) | $ | — | $ | (33,724,272 | ) | ||||||
Total Other Liabilities | $ | — | $ | (33,724,272 | ) | $ | — | $ | (33,724,272 | ) |
(M) | Transfers between levels are considered to have occurred at the end of the reporting period. There were no transfers between Levels 1 and 2 during the period ended April 30, 2013. See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
(N) | Certain assets and liabilities are held at carrying amount or face value, which approximates fair value for financial reporting purposes. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 35
Transamerica Growth Opportunities
SCHEDULE OF INVESTMENTS
At April 30, 2013
(unaudited)
Shares | Value | |||||||
CONVERTIBLE PREFERRED STOCKS - 0.1% |
| |||||||
Automobiles - 0.0% | ||||||||
Better Place (A) (B) (C) (D) | 666,891 | $ — | ||||||
Internet Software & Services - 0.1% | ||||||||
Dropbox, Inc. (A) (B) (C) (D) | 34,602 | 327,335 | ||||||
|
| |||||||
Total Convertible Preferred Stocks (cost $1,980,343) |
| 327,335 | ||||||
|
| |||||||
PREFERRED STOCKS - 0.2% | ||||||||
Automobiles - 0.0% | ||||||||
Better Place - Series C (A) (B) (C) (D) | 581,653 | — | ||||||
Internet Software & Services - 0.0% (E) | ||||||||
Peixe Urbano, Inc. (A) (B) (C) (D) | 50,890 | 99,235 | ||||||
Software - 0.2% | ||||||||
Palantir Technologies, Inc. - Series G (A) (B) (C) (D) | 355,382 | 1,087,469 | ||||||
|
| |||||||
Total Preferred Stocks (cost $5,403,518) | 1,186,704 | |||||||
|
| |||||||
COMMON STOCKS - 93.1% | ||||||||
Automobiles - 1.5% | ||||||||
Tesla Motors, Inc. (D) (F) | 178,497 | 9,637,053 | ||||||
Beverages - 1.6% | ||||||||
Monster Beverage Corp. (D) | 188,348 | 10,622,827 | ||||||
Biotechnology - 0.9% | ||||||||
Ironwood Pharmaceuticals, Inc. - Class A (D) (F) | 398,285 | 6,057,915 | ||||||
Capital Markets - 0.7% | ||||||||
Greenhill & Co., Inc. (F) | 94,965 | 4,386,433 | ||||||
Chemicals - 2.4% | ||||||||
Rockwood Holdings, Inc. | 245,479 | 15,929,132 | ||||||
Commercial Services & Supplies - 7.6% | ||||||||
Covanta Holding Corp. | 501,274 | 10,025,480 | ||||||
Edenred | 722,134 | 24,041,652 | ||||||
Stericycle, Inc. (D) (F) | 152,905 | 16,562,670 | ||||||
Communications Equipment - 3.3% | ||||||||
Motorola Solutions, Inc. | 388,828 | 22,240,962 | ||||||
Construction Materials - 2.3% | ||||||||
Martin Marietta Materials, Inc. | 152,850 | 15,436,322 | ||||||
Diversified Consumer Services - 1.6% | ||||||||
New Oriental Education & Technology Group - ADR | 389,244 | 7,446,238 | ||||||
Weight Watchers International, Inc. - Class A | 68,360 | 2,882,741 | ||||||
Diversified Financial Services - 5.8% | ||||||||
IntercontinentalExchange, Inc. (D) | 64,003 | 10,428,009 | ||||||
McGraw-Hill Cos., Inc. | 217,764 | 11,783,210 | ||||||
MSCI, Inc. - Class A (D) | 477,436 | 16,280,567 | ||||||
Electric Utilities - 2.3% | ||||||||
Brookfield Infrastructure Partners, LP | 395,148 | 15,272,470 | ||||||
Electrical Equipment - 2.7% | ||||||||
First Solar, Inc. (D) (F) | 250,049 | 11,642,282 | ||||||
Sensata Technologies Holding NV (D) | 190,685 | 6,378,413 | ||||||
Electronic Equipment & Instruments - 0.9% | ||||||||
Trimble Navigation, Ltd. (D) | 207,695 | 5,969,154 | ||||||
Food Products - 3.6% | ||||||||
DE Master Blenders 1753 NV (D) | 399,995 | 6,342,354 | ||||||
McCormick & Co., Inc. (F) | 91,803 | 6,604,308 | ||||||
Mead Johnson Nutrition Co. - Class A | 132,985 | 10,783,754 | ||||||
Health Care Equipment & Supplies - 2.0% |
| |||||||
Intuitive Surgical, Inc. (D) | 26,321 | 12,957,565 |
Shares | Value | |||||||
Health Care Providers & Services - 1.5% | ||||||||
Qualicorp SA (D) | 1,018,360 | $ 9,925,288 | ||||||
Health Care Technology - 2.4% | ||||||||
athenahealth, Inc. (D) (F) | 165,516 | 15,932,570 | ||||||
Hotels, Restaurants & Leisure - 3.8% | ||||||||
Dunkin’ Brands Group, Inc. | 259,749 | 10,080,859 | ||||||
Panera Bread Co. - Class A (D) (F) | 48,702 | 8,631,456 | ||||||
Wyndham Worldwide Corp. | 106,279 | 6,385,242 | ||||||
Insurance - 4.3% | ||||||||
Arch Capital Group, Ltd. (D) (F) | 242,731 | 12,879,307 | ||||||
Progressive Corp. | 626,701 | 15,849,268 | ||||||
Internet & Catalog Retail - 2.3% | ||||||||
Groupon, Inc. - Class A (D) (F) | 1,415,236 | 8,632,940 | ||||||
TripAdvisor, Inc. (D) (F) | 126,037 | 6,627,025 | ||||||
Internet Software & Services - 11.7% | ||||||||
Akamai Technologies, Inc. (D) (F) | 424,831 | 18,654,329 | ||||||
Dropbox, Inc. (A) (B) (C) (D) | 327,298 | 3,096,239 | ||||||
LinkedIn Corp. - Class A (D) | 86,546 | 16,624,621 | ||||||
MercadoLibre, Inc. (F) | 80,714 | 8,119,021 | ||||||
Qihoo 360 Technology Co., Ltd. - ADR (D) (F) | 152,755 | 5,239,497 | ||||||
SINA Corp. (D) | 56,167 | 3,163,326 | ||||||
Yandex NV - Class A (D) | 570,665 | 14,688,917 | ||||||
Youku Tudou, Inc. - ADR (D) (F) | 390,612 | 7,913,799 | ||||||
IT Services - 2.7% | ||||||||
Gartner, Inc. (D) | 315,283 | 18,239,122 | ||||||
Life Sciences Tools & Services - 3.6% | ||||||||
Illumina, Inc. (D) (F) | 364,659 | 23,589,791 | ||||||
Machinery - 0.5% | ||||||||
3D Systems Corp. (D) (F) | 94,630 | 3,618,651 | ||||||
Media - 0.6% | ||||||||
Aimia, Inc. | 270,503 | 4,269,192 | ||||||
Multiline Retail - 2.4% | ||||||||
Dollar Tree, Inc. (D) | 332,366 | 15,807,327 | ||||||
Oil, Gas & Consumable Fuels - 2.2% | ||||||||
Range Resources Corp. | 199,595 | 14,674,224 | ||||||
Professional Services - 6.5% | ||||||||
IHS, Inc. - Class A (D) | 149,709 | 14,586,148 | ||||||
Intertek Group PLC | 183,248 | 9,416,164 | ||||||
Verisk Analytics, Inc. - Class A (D) | 309,388 | 18,962,390 | ||||||
Software - 8.5% | ||||||||
Salesforce.com, Inc. (D) | 393,932 | 16,194,545 | ||||||
ServiceNow, Inc. (D) | 94,630 | 3,876,045 | ||||||
Solera Holdings, Inc. | 381,269 | 21,953,469 | ||||||
Splunk, Inc. (D) | 95,494 | 3,896,155 | ||||||
Workday, Inc. - Class A (D) | 104,805 | 6,566,033 | ||||||
Zynga, Inc. - Class A (D) (F) | 1,322,135 | 4,217,611 | ||||||
Textiles, Apparel & Luxury Goods - 0.9% |
| |||||||
Coach, Inc. - Class A | 98,497 | 5,797,533 | ||||||
|
| |||||||
Total Common Stocks (cost $505,694,671) |
| 617,819,615 | ||||||
|
| |||||||
SECURITIES LENDING COLLATERAL - 16.6% |
| |||||||
State Street Navigator Securities Lending Trust - Prime Portfolio, 0.18% (G) | 110,425,615 | 110,425,615 | ||||||
|
| |||||||
Total Securities Lending Collateral (cost $110,425,615) |
| 110,425,615 | ||||||
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 36
Transamerica Growth Opportunities
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Principal | Value | |||||||
REPURCHASE AGREEMENT - 6.2% | ||||||||
State Street Bank & Trust Co. | $ | 40,812,580 | $ | 40,812,580 | ||||
|
| |||||||
Total Repurchase Agreement (cost $40,812,580) |
| 40,812,580 | ||||||
|
| |||||||
Total Investment Securities (cost $664,316,727) (H) |
| 770,571,849 | ||||||
Other Assets and Liabilities - Net | (107,147,213 | ) | ||||||
|
| |||||||
Net Assets | $ | 663,424,636 | ||||||
|
|
NOTES TO SCHEDULE OF INVESTMENTS:
(A) | 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 $4,610,278, or 0.69% of the fund’s net assets. |
(B) | Illiquid. Total aggregate market value of illiquid securities is $4,610,278, or 0.69% of the fund’s net assets. |
(C) | Restricted security. At April 30, 2013, the fund owned the respective securities which were restricted as to public resale: |
Investment Securities | Description | Acquisition Date | Cost | Value | Value as % of Net Assets | |||||||||||||
Convertible Preferred Stocks | Better Place | 01/25/2010 | $ | 1,667,226 | $ | — | 0.00 | % | ||||||||||
Convertible Preferred Stocks | Dropbox, Inc. | 05/25/2012 | 313,117 | 327,335 | 0.05 | |||||||||||||
Preferred Stocks | Better Place - Series C | 11/11/2011 | 2,640,705 | — | 0.00 | |||||||||||||
Preferred Stocks | Peixe Urbano, Inc. | 12/02/2011 | 1,675,344 | 99,235 | 0.01 | |||||||||||||
Preferred Stocks | Palantir Technologies, Inc. - Series G | 07/19/2012 | 1,087,469 | 1,087,469 | 0.16 | |||||||||||||
Common Stocks | Dropbox, Inc. | 05/01/2012 | 2,961,752 | 3,096,239 | 0.47 | |||||||||||||
|
|
|
|
|
| |||||||||||||
$ | 10,345,613 | $ | 4,610,278 | 0.69 | % | |||||||||||||
|
|
|
|
|
|
(D) | Non-income producing security. |
(E) | Percentage rounds to less than 0.1%. |
(F) | All or a portion of this security is on loan. The value of all securities on loan is $107,635,055. The amount of securities on loan indicated may not correspond with the securities on loan identified because securities with pending sales are in the process of recall from the brokers. |
(G) | Rate shown reflects yield at April 30, 2013. |
(H) | Aggregate cost for federal income tax purposes is $664,316,727. Aggregate gross unrealized appreciation and depreciation for all securities in which there is an excess of value over tax cost were $145,604,377 and $39,349,255, respectively. Net unrealized appreciation for tax purposes is $106,255,122. |
DEFINITION:
ADR | American Depositary Receipt |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 37
Transamerica Growth Opportunities
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
VALUATION SUMMARY: (l)
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
ASSETS | ||||||||||||||||
Investment Securities | ||||||||||||||||
Convertible Preferred Stocks | ||||||||||||||||
Automobiles | $ | — | $ | — | $ | 0 | $ | 0 | ||||||||
Internet Software & Services | — | — | 327,335 | 327,335 | ||||||||||||
Preferred Stocks | ||||||||||||||||
Automobiles | — | — | 0 | 0 | ||||||||||||
Internet Software & Services | — | — | 99,235 | 99,235 | ||||||||||||
Software | — | — | 1,087,469 | 1,087,469 | ||||||||||||
Common Stocks | ||||||||||||||||
Automobiles | 9,637,053 | — | — | 9,637,053 | ||||||||||||
Beverages | 10,622,827 | — | — | 10,622,827 | ||||||||||||
Biotechnology | 6,057,915 | — | — | 6,057,915 | ||||||||||||
Capital Markets | 4,386,433 | — | — | 4,386,433 | ||||||||||||
Chemicals | 15,929,132 | — | — | 15,929,132 | ||||||||||||
Commercial Services & Supplies | 26,588,150 | 24,041,652 | — | 50,629,802 | ||||||||||||
Communications Equipment | 22,240,962 | — | — | 22,240,962 | ||||||||||||
Construction Materials | 15,436,322 | — | — | 15,436,322 | ||||||||||||
Diversified Consumer Services | 10,328,979 | — | — | 10,328,979 | ||||||||||||
Diversified Financial Services | 38,491,786 | — | — | 38,491,786 | ||||||||||||
Electric Utilities | 15,272,470 | — | — | 15,272,470 | ||||||||||||
Electrical Equipment | 18,020,695 | — | — | 18,020,695 | ||||||||||||
Electronic Equipment & Instruments | 5,969,154 | — | — | 5,969,154 | ||||||||||||
Food Products | 17,388,062 | 6,342,354 | — | 23,730,416 | ||||||||||||
Health Care Equipment & Supplies | 12,957,565 | — | — | 12,957,565 | ||||||||||||
Health Care Providers & Services | 9,925,288 | — | — | 9,925,288 | ||||||||||||
Health Care Technology | 15,932,570 | — | — | 15,932,570 | ||||||||||||
Hotels, Restaurants & Leisure | 25,097,557 | — | — | 25,097,557 | ||||||||||||
Insurance | 28,728,575 | — | — | 28,728,575 | ||||||||||||
Internet & Catalog Retail | 15,259,965 | — | — | 15,259,965 | ||||||||||||
Internet Software & Services | 74,403,510 | — | 3,096,239 | 77,499,749 | ||||||||||||
IT Services | 18,239,122 | — | — | 18,239,122 | ||||||||||||
Life Sciences Tools & Services | 23,589,791 | — | — | 23,589,791 | ||||||||||||
Machinery | 3,618,651 | — | — | 3,618,651 | ||||||||||||
Media | 4,269,192 | — | — | 4,269,192 | ||||||||||||
Multiline Retail | 15,807,327 | — | — | 15,807,327 | ||||||||||||
Oil, Gas & Consumable Fuels | 14,674,224 | — | — | 14,674,224 | ||||||||||||
Professional Services | 33,548,538 | 9,416,164 | — | 42,964,702 | ||||||||||||
Software | 56,703,858 | — | — | 56,703,858 | ||||||||||||
Textiles, Apparel & Luxury Goods | 5,797,533 | — | — | 5,797,533 | ||||||||||||
Securities Lending Collateral | 110,425,615 | — | — | 110,425,615 | ||||||||||||
Repurchase Agreement | — | 40,812,580 | — | 40,812,580 | ||||||||||||
Total Investment Securities | $ | 685,348,821 | $ | 80,612,750 | $ | 4,610,278 | $ | 770,571,849 | ||||||||
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
LIABILITIES | ||||||||||||||||
Other Liabilities (J) | ||||||||||||||||
Collateral for Securities on Loan | $ | — | $ | (110,425,615 | ) | $ | — | $ | (110,425,615 | ) | ||||||
Total Other Liabilities | $ | — | $ | (110,425,615 | ) | $ | — | $ | (110,425,615 | ) |
(l) | Transfers between levels are considered to have occurred at the end of the reporting period. There were no transfers between Levels 1 and 2 during the period ended April 30, 2013. 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 2013 |
Page 38
Transamerica Growth Opportunities
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
(J) | Certain assets and liabilities are held at carrying amount or face value, which approximates fair value for financial reporting purposes. |
Level 3 Rollforward - Investment Securities
Securities | Beginning 2012 | Purchases | Sales (K) | Accrued Discounts (Premiums) | Total Realized Gain (Loss) | Net Change in Unrealized Appreciation (Depreciation) (L) | Transfers into Level 3 | Transfers out of Level 3 | Ending Balance at April 30, 2013 (M) | Net Change in Unrealized Appreciation (Depreciation) on Investments Held at April 30, 2013 (L) | ||||||||||||||||||||||||||||||
Common Stocks | $ | 2,961,752 | $ | — | $ | — | $ | — | $ | — | $ | 134,487 | $ | — | $ | — | $ | 3,096,239 | $ | 134,487 | ||||||||||||||||||||
Convertible Preferred Stocks | 379,806 | — | — | — | — | (52,471 | ) | — | — | 327,335 | (52,471 | ) | ||||||||||||||||||||||||||||
Preferred Stocks | 4,586,348 | — | (937,005 | ) | — | — | (2,462,639 | ) | — | — | 1,186,704 | (315,160 | ) | |||||||||||||||||||||||||||
Total | $ | 7,927,906 | $ | — | $ | (937,005 | ) | $ | — | $ | — | $ | (2,380,623 | ) | $ | — | $ | — | $ | 4,610,278 | $ | (233,144 | ) |
(K) | Sales include all sales of securities, maturities, paydowns and securities tendered in a corporate action. |
(L) | Any difference between Net Change in Unrealized Appreciation (Depreciation) and Net Change in Unrealized Appreciation (Depreciation) on Investments Held at April 30, 2013 may be due to an investment no longer held or categorized as Level 3 at period end. |
(M) | Inputs used in the valuation of the Level 3 securities were not considered significant unobservable inputs. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 39
Transamerica High Yield Bond
SCHEDULE OF INVESTMENTS
At April 30, 2013
(unaudited)
Principal | Value | |||||||
PREFERRED CORPORATE DEBT SECURITY - 0.9% |
| |||||||
Commercial Banks - 0.9% | ||||||||
Goldman Sachs Capital II | $ 8,225,000 | $ 7,015,925 | ||||||
|
| |||||||
Total Preferred Corporate Debt Security |
| 7,015,925 | ||||||
|
| |||||||
CORPORATE DEBT SECURITIES - 88.9% |
| |||||||
Aerospace & Defense - 1.2% | ||||||||
Bombardier, Inc. | ||||||||
6.13%, 01/15/2023 - 144A (A) | 630,000 | 681,187 | ||||||
7.50%, 03/15/2018 - 144A | 450,000 | 519,188 | ||||||
7.75%, 03/15/2020 - 144A | 1,300,000 | 1,540,500 | ||||||
Spirit Aerosystems, Inc. | ||||||||
6.75%, 12/15/2020 | 920,000 | 991,300 | ||||||
7.50%, 10/01/2017 | 1,945,000 | 2,061,700 | ||||||
Triumph Group, Inc. | 2,965,000 | 3,291,150 | ||||||
Airlines - 1.9% | ||||||||
American Airlines Pass-Through Trust 5.63%, 01/15/2021 - 144A | 1,150,000 | 1,171,562 | ||||||
Continental Airlines Pass-Through Certificates | 1,340,000 | 1,366,800 | ||||||
Continental Airlines Pass-Through Trust | ||||||||
5.50%, 04/29/2022 | 1,080,000 | 1,134,108 | ||||||
6.90%, 10/19/2023 | 3,143,491 | 3,347,818 | ||||||
Delta Air Lines, Inc., Pass-Through Trust | ||||||||
6.38%, 07/02/2017 | 1,180,000 | 1,230,150 | ||||||
6.75%, 05/23/2017 | 1,325,000 | 1,394,562 | ||||||
U.S. Airways Pass-Through Trust | ||||||||
5.38%, 05/15/2023 | 507,000 | 516,532 | ||||||
6.25%, 10/22/2024 | 1,741,767 | 1,955,134 | ||||||
6.75%, 12/03/2022 | 150,000 | 160,500 | ||||||
9.13%, 10/01/2015 | 1,841,602 | 1,998,138 | ||||||
Auto Components - 0.4% | ||||||||
Affinia Group, Inc. | 190,000 | 195,463 | ||||||
Goodyear Tire & Rubber Co. | 2,481,000 | 2,595,746 | ||||||
Automobiles - 0.8% | ||||||||
Chrysler Group LLC / CG Co.-Issuer, Inc. | ||||||||
8.00%, 06/15/2019 (A) | 2,518,000 | 2,820,160 | ||||||
8.25%, 06/15/2021 (A) | 820,000 | 940,950 | ||||||
Jaguar Land Rover Automotive PLC | ||||||||
7.75%, 05/15/2018 - 144A | 650,000 | 718,250 | ||||||
8.13%, 05/15/2021 - 144A (A) | 1,660,000 | 1,900,700 | ||||||
Beverages - 1.9% | ||||||||
Constellation Brands, Inc. | ||||||||
3.75%, 05/01/2021 | 800,000 | 800,000 | ||||||
4.25%, 05/01/2023 | 1,750,000 | 1,750,000 | ||||||
7.25%, 09/01/2016 - 05/15/2017 (A) | 5,700,000 | 6,570,750 | ||||||
Cott Beverages, Inc. | ||||||||
8.13%, 09/01/2018 | 2,520,000 | 2,765,700 | ||||||
8.38%, 11/15/2017 | 2,455,000 | 2,626,850 | ||||||
Building Products - 2.2% | ||||||||
Associated Materials LLC / AMH New Finance, Inc. | ||||||||
9.13%, 11/01/2017 - 144A | 407,000 | 439,051 | ||||||
9.13%, 11/01/2017 (A) | 4,661,000 | 5,028,054 |
Principal | Value | |||||||
Building Products (continued) |
| |||||||
Euramax International, Inc. | $ 4,404,000 | $ 4,326,930 | ||||||
Ply Gem Industries, Inc. | ||||||||
8.25%, 02/15/2018 | 4,822,000 | 5,280,090 | ||||||
9.38%, 04/15/2017 | 1,330,000 | 1,467,987 | ||||||
Chemicals - 1.7% | ||||||||
Hexion US Finance Corp. | 1,930,000 | 2,012,025 | ||||||
Huntsman International LLC | 3,390,000 | 3,870,500 | ||||||
Momentive Performance Materials, Inc. | 3,850,000 | 4,196,500 | ||||||
NOVA Chemicals Corp. | 2,650,000 | 2,997,812 | ||||||
Commercial Banks - 0.7% | ||||||||
CIT Group, Inc. | ||||||||
4.25%, 08/15/2017 | 1,500,000 | 1,590,000 | ||||||
5.00%, 05/15/2017 | 450,000 | 490,500 | ||||||
5.25%, 03/15/2018 | 583,000 | 644,215 | ||||||
Royal Bank of Scotland Group PLC | 2,650,000 | 2,851,108 | ||||||
UBS AG (Escrow Shares) | 4,970,000 | 192,588 | ||||||
Commercial Services & Supplies - 2.4% | ||||||||
Avis Budget Car Rental LLC / Avis Budget Finance, Inc. | 1,010,000 | 1,122,362 | ||||||
Ceridian Corp. | ||||||||
8.88%, 07/15/2019 - 144A | 5,251,000 | 6,163,361 | ||||||
11.25%, 11/15/2015 | 2,756,000 | 2,855,905 | ||||||
12.25%, 11/15/2015 (C) | 160,125 | 166,130 | ||||||
Hertz Corp. | ||||||||
5.88%, 10/15/2020 | 663,000 | 724,328 | ||||||
6.75%, 04/15/2019 (A) | 2,110,000 | 2,336,825 | ||||||
7.50%, 10/15/2018 | 900,000 | 995,625 | ||||||
United Rentals North America, Inc. | ||||||||
6.13%, 06/15/2023 | 700,000 | 754,250 | ||||||
7.38%, 05/15/2020 (A) | 1,884,000 | 2,133,630 | ||||||
8.25%, 02/01/2021 | 850,000 | 969,000 | ||||||
Computers & Peripherals - 0.4% | ||||||||
Seagate HDD Cayman | 3,010,000 | 3,269,613 | ||||||
Construction & Engineering - 1.0% | ||||||||
Ashton Woods USA LLC / Ashton Woods Finance Co. | 1,449,000 | 1,499,715 | ||||||
K Hovnanian Enterprises, Inc. | ||||||||
7.25%, 10/15/2020 - 144A | 1,240,000 | 1,385,700 | ||||||
7.50%, 05/15/2016 | 85,000 | 89,994 | ||||||
8.63%, 01/15/2017 | 1,146,000 | 1,226,220 | ||||||
9.13%, 11/15/2020 - 144A | 2,811,000 | 3,190,485 | ||||||
Consumer Finance - 2.7% | ||||||||
Ally Financial, Inc. | ||||||||
4.63%, 06/26/2015 (A) | 1,390,000 | 1,464,713 | ||||||
5.50%, 02/15/2017 (A) | 1,928,000 | 2,101,375 | ||||||
6.75%, 12/01/2014 | 2,350,000 | 2,523,313 | ||||||
Springleaf Finance Corp., Series MTN | ||||||||
5.40%, 12/01/2015 (A) | 1,040,000 | 1,085,500 | ||||||
6.50%, 09/15/2017 | 150,000 | 153,750 | ||||||
6.90%, 12/15/2017 | 12,765,000 | 13,283,578 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 40
Transamerica High Yield Bond
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Principal | Value | |||||||
Containers & Packaging - 2.2% | ||||||||
Ardagh Packaging Finance PLC / Ardagh MP Holdings USA, Inc. | $ 405,000 | $ 414,112 | ||||||
Graphic Packaging International, Inc. | ||||||||
4.75%, 04/15/2021 | 680,000 | 707,200 | ||||||
7.88%, 10/01/2018 (A) | 3,150,000 | 3,496,500 | ||||||
9.50%, 06/15/2017 | 1,300,000 | 1,371,500 | ||||||
Packaging Dynamics Corp. | 3,110,000 | 3,257,725 | ||||||
Sealed Air Corp. | ||||||||
5.25%, 04/01/2023 - 144A | 1,100,000 | 1,138,500 | ||||||
8.13%, 09/15/2019 - 144A (A) | 2,340,000 | 2,679,300 | ||||||
8.38%, 09/15/2021 - 144A | 925,000 | 1,082,250 | ||||||
Tekni-Plex, Inc. | 2,252,000 | 2,499,720 | ||||||
Diversified Consumer Services - 0.5% | ||||||||
Service Corp., International | ||||||||
6.75%, 04/01/2015 - 04/01/2016 | 860,000 | 946,650 | ||||||
7.00%, 06/15/2017 (A) | 1,240,000 | 1,426,000 | ||||||
7.00%, 05/15/2019 | 1,560,000 | 1,706,250 | ||||||
Diversified Financial Services - 3.5% | ||||||||
Bank of America Corp. | 3,793,000 | 4,308,943 | ||||||
Citigroup, Inc. | ||||||||
5.90%, 02/15/2023 (A) (B) (D) | 4,757,000 | 4,966,712 | ||||||
5.95%, 01/30/2023 (A) (B) (D) | 3,450,000 | 3,613,875 | ||||||
General Motors Corp. (Escrow Shares) | 2,825,000 | — | ||||||
General Motors Financial Co., Inc. | 1,884,000 | 1,987,620 | ||||||
JPMorgan Chase & Co. | ||||||||
5.15%, 05/01/2023 (A) (B) (D) | 3,912,000 | 3,975,570 | ||||||
7.90%, 04/30/2018 (B) (D) | 3,650,000 | 4,251,002 | ||||||
Nuveen Investments, Inc. | ||||||||
9.13%, 10/15/2017 - 144A | 985,000 | 1,051,487 | ||||||
9.50%, 10/15/2020 - 144A | 2,880,000 | 3,103,200 | ||||||
Diversified Telecommunication Services - 7.9% |
| |||||||
CenturyLink, Inc. | ||||||||
5.63%, 04/01/2020 | 1,775,000 | 1,895,070 | ||||||
7.65%, 03/15/2042 (A) | 5,782,000 | 5,955,460 | ||||||
Cincinnati Bell, Inc. | 2,944,000 | 3,157,440 | ||||||
Frontier Communications Corp. | ||||||||
7.63%, 04/15/2024 | 936,000 | 975,780 | ||||||
9.00%, 08/15/2031 | 9,012,000 | 9,395,010 | ||||||
Hughes Satellite Systems Corp. | 3,028,000 | 3,368,650 | ||||||
Intelsat Jackson Holdings SA | 1,320,000 | 1,485,000 | ||||||
Koninklijke KPN NV | 850,000 | 850,615 | ||||||
Level 3 Communications, Inc. | 300,000 | 331,500 | ||||||
Level 3 Financing, Inc. | 5,490,000 | 6,052,725 | ||||||
Lynx II Corp. | 1,575,000 | 1,704,938 | ||||||
Sprint Capital Corp. | 5,558,000 | 6,572,335 |
Principal | Value | |||||||
Diversified Telecommunication Services (continued) |
| |||||||
Wind Acquisition Finance SA | ||||||||
7.25%, 02/15/2018 - 144A | $ 3,485,000 | $ 3,676,675 | ||||||
11.75%, 07/15/2017 - 144A | 500,000 | 536,250 | ||||||
Windstream Corp. | ||||||||
7.00%, 03/15/2019 | 6,947,000 | 7,111,991 | ||||||
7.50%, 04/01/2023 | 3,334,000 | 3,634,060 | ||||||
7.75%, 10/15/2020 (A) | 441,000 | 483,998 | ||||||
8.13%, 08/01/2013 | 3,000,000 | 3,046,500 | ||||||
Electric Utilities - 2.4% | ||||||||
Elwood Energy LLC | 4,376,418 | 4,556,946 | ||||||
Homer City Generation, LP | ||||||||
8.14%, 10/01/2019 (C) | 2,995,391 | 3,145,161 | ||||||
8.73%, 10/01/2026 (C) | 5,109,595 | 5,390,623 | ||||||
LSP Energy, LP (Escrow Shares) | ||||||||
7.16%, 01/15/2014 (E) | 7,150,000 | 50 | ||||||
8.16%, 07/15/2025 (E) | 750,000 | 505 | ||||||
Red Oak Power LLC | 4,740,000 | 5,332,500 | ||||||
Electrical Equipment - 0.3% | ||||||||
Belden, Inc. | 2,000,000 | 2,060,000 | ||||||
Energy Equipment & Services - 3.0% | ||||||||
Drill Rigs Holdings, Inc. | 1,695,000 | 1,716,187 | ||||||
El Paso LLC | 7,206,000 | 8,424,398 | ||||||
Kinder Morgan Finance Co. LLC | 81,000 | 88,519 | ||||||
Regency Energy Partners, LP / Regency Energy Finance Corp. | ||||||||
4.50%, 11/01/2023 - 144A | 256,000 | 264,960 | ||||||
6.88%, 12/01/2018 (A) | 5,711,000 | 6,239,267 | ||||||
Stallion Oilfield Holdings, Ltd. | 5,655,000 | 5,966,025 | ||||||
Food & Staples Retailing - 0.9% | ||||||||
Rite Aid Corp. | ||||||||
7.50%, 03/01/2017 (A) | 2,600,000 | 2,678,000 | ||||||
7.70%, 02/15/2027 | 2,355,000 | 2,460,975 | ||||||
10.25%, 10/15/2019 | 1,875,000 | 2,160,938 | ||||||
Food Products - 0.6% | ||||||||
ARAMARK Corp. | 1,705,000 | 1,785,988 | ||||||
Harmony Foods Corp. | 514,000 | 556,405 | ||||||
Post Holdings, Inc. | 1,920,000 | 2,131,200 | ||||||
Gas Utilities - 0.1% | ||||||||
Star Gas Partners, LP / Star Gas Finance Co. | 1,046,000 | 1,082,610 | ||||||
Health Care Equipment & Supplies - 1.4% | ||||||||
Accellent, Inc. | 1,159,000 | 1,103,948 | ||||||
Biomet, Inc. | 3,253,000 | 3,545,770 | ||||||
Hologic, Inc. | 2,811,000 | 3,035,880 | ||||||
Mallinckrodt International Finance SA | ||||||||
3.50%, 04/15/2018 - 144A | 635,000 | 643,995 | ||||||
4.75%, 04/15/2023 - 144A | 2,542,000 | 2,618,153 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 41
Transamerica High Yield Bond
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Principal | Value | |||||||
Health Care Providers & Services - 5.6% | ||||||||
CHS/Community Health Systems, Inc. | ||||||||
7.13%, 07/15/2020 | $ 2,490,000 | $ 2,782,575 | ||||||
8.00%, 11/15/2019 | 8,326,000 | 9,439,602 | ||||||
DaVita HealthCare Partners, Inc. | 4,500,000 | 4,809,375 | ||||||
Fresenius Medical Care U.S. Finance II, Inc. | ||||||||
5.63%, 07/31/2019 - 144A | 2,525,000 | 2,821,688 | ||||||
5.88%, 01/31/2022 - 144A | 700,000 | 801,500 | ||||||
HCA Holdings, Inc. | ||||||||
6.25%, 02/15/2021 (A) | 2,064,000 | 2,260,080 | ||||||
7.75%, 05/15/2021 (A) | 2,888,000 | 3,274,270 | ||||||
HCA, Inc. | ||||||||
6.50%, 02/15/2020 (A) | 1,300,000 | 1,501,500 | ||||||
7.50%, 02/15/2022 (A) | 3,074,000 | 3,673,430 | ||||||
7.88%, 02/15/2020 | 2,750,000 | 3,049,063 | ||||||
HealthSouth Corp. | 4,279,000 | 4,738,992 | ||||||
LifePoint Hospitals, Inc. | 3,660,000 | 3,984,825 | ||||||
Hotels, Restaurants & Leisure - 6.7% | ||||||||
Ameristar Casinos, Inc. | 4,647,000 | 5,181,405 | ||||||
Caesars Entertainment Operating Co., Inc. | ||||||||
10.00%, 12/15/2018 | 6,051,000 | 3,721,365 | ||||||
12.75%, 04/15/2018 (A) | 6,500,000 | 4,615,000 | ||||||
Caesars Operating Escrow LLC / Caesars Escrow Corp. | 1,112,000 | 1,095,320 | ||||||
CityCenter Holdings LLC / CityCenter Finance Corp. | 3,325,974 | 3,679,359 | ||||||
GWR Operating Partnership LLP | 5,465,000 | 6,175,450 | ||||||
Mashantucket Western Pequot Tribe | 6,600,000 | 462,000 | ||||||
MGM Resorts International | ||||||||
6.63%, 12/15/2021 | 862,000 | 936,348 | ||||||
6.75%, 10/01/2020 - 144A | 1,339,000 | 1,469,553 | ||||||
10.00%, 11/01/2016 (A) | 3,575,000 | 4,334,687 | ||||||
11.38%, 03/01/2018 (A) | 6,731,000 | 8,699,817 | ||||||
Royal Caribbean Cruises, Ltd. | 745,000 | 845,575 | ||||||
Seneca Gaming Corp. | 1,000,000 | 1,080,000 | ||||||
Viking Cruises, Ltd. | 2,971,000 | 3,320,092 | ||||||
WMG Acquisition Corp. | 2,343,000 | 2,507,010 | ||||||
Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp. | 2,672,000 | 3,059,440 | ||||||
Household Durables - 4.2% | ||||||||
Beazer Homes USA, Inc. | ||||||||
6.63%, 04/15/2018 | 1,949,000 | 2,124,410 | ||||||
7.25%, 02/01/2023 - 144A (A) | 2,411,000 | 2,519,495 | ||||||
9.13%, 06/15/2018 | 4,281,000 | 4,698,397 |
Principal | Value | |||||||
Household Durables (continued) |
| |||||||
Brookfield Residential Properties, Inc. | $ 1,733,000 | $ 1,865,141 | ||||||
DR Horton, Inc. | 2,869,000 | 2,955,070 | ||||||
Jarden Corp. | 4,512,000 | 5,009,618 | ||||||
KB Home | ||||||||
7.25%, 06/15/2018 | 490,000 | 550,025 | ||||||
9.10%, 09/15/2017 | 3,666,000 | 4,380,870 | ||||||
Meritage Homes Corp. | 3,396,000 | 3,828,990 | ||||||
Standard Pacific Corp. | 2,335,000 | 2,789,431 | ||||||
Tempur-Pedic International, Inc. | 1,310,000 | 1,429,538 | ||||||
Household Products - 1.6% | ||||||||
Reynolds Group Issuer, Inc. / Reynolds Group Issuer LLC / Reynolds Group Issuer Lu | ||||||||
5.75%, 10/15/2020 (A) | 745,000 | 780,388 | ||||||
6.88%, 02/15/2021 (A) | 300,000 | 327,000 | ||||||
7.13%, 04/15/2019 | 8,204,000 | 8,839,810 | ||||||
Sun Products Corp. | 2,309,000 | 2,384,042 | ||||||
Independent Power Producers & Energy Traders - 2.0% |
| |||||||
Calpine Corp. | ||||||||
7.25%, 10/15/2017 - 144A | 7,663,000 | 8,113,201 | ||||||
7.88%, 07/31/2020 - 144A (A) | 52,000 | 58,890 | ||||||
NRG Energy, Inc. | ||||||||
7.63%, 05/15/2019 (A) | 2,833,000 | 3,073,805 | ||||||
7.88%, 05/15/2021 | 1,740,000 | 1,970,550 | ||||||
8.25%, 09/01/2020 | 1,900,000 | 2,161,250 | ||||||
Insurance - 1.3% | ||||||||
Genworth Financial, Inc. | 3,584,000 | 3,382,400 | ||||||
Prudential Financial, Inc. | 3,191,000 | 3,246,842 | ||||||
Sompo Japan Insurance, Inc. | 3,500,000 | 3,635,625 | ||||||
IT Services - 0.8% | ||||||||
SunGard Data Systems, Inc. | ||||||||
6.63%, 11/01/2019 - 144A | 1,000,000 | 1,063,750 | ||||||
7.38%, 11/15/2018 | 2,363,000 | 2,552,040 | ||||||
7.63%, 11/15/2020 | 1,425,000 | 1,574,625 | ||||||
Unisys Corp. | 1,262,000 | 1,362,960 | ||||||
Media - 7.3% | ||||||||
Cablevision Systems Corp. | ||||||||
5.88%, 09/15/2022 (A) | 1,350,000 | 1,366,875 | ||||||
7.75%, 04/15/2018 (A) | 5,512,000 | 6,276,790 | ||||||
CCO Holdings LLC / CCO Holdings Capital Corp. | ||||||||
5.13%, 02/15/2023 | 1,900,000 | 1,919,000 | ||||||
5.75%, 09/01/2023 - 144A | 2,776,000 | 2,880,100 | ||||||
5.75%, 01/15/2024 | 2,585,000 | 2,691,631 | ||||||
6.50%, 04/30/2021 (A) | 800,000 | 868,000 | ||||||
7.25%, 10/30/2017 (A) | 890,000 | 963,425 | ||||||
7.88%, 04/30/2018 | 450,000 | 478,575 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 42
Transamerica High Yield Bond
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Principal | Value | |||||||
Media (continued) |
| |||||||
Cequel Communications Holdings I LLC / Cequel Capital Corp. | ||||||||
6.38%, 09/15/2020 - 144A | $ 1,280,000 | $ 1,363,200 | ||||||
8.63%, 11/15/2017 - 144A | 3,750,000 | 4,017,187 | ||||||
Clear Channel Worldwide Holdings, Inc. | ||||||||
6.50%, 11/15/2022 - 144A | 2,247,000 | 2,387,438 | ||||||
6.50%, 11/15/2022 - 144A (A) | 2,956,000 | 3,170,310 | ||||||
7.63%, 03/15/2020 | 5,666,000 | 6,100,115 | ||||||
Cogeco Cable, Inc. | 257,000 | 261,819 | ||||||
DISH DBS Corp. | ||||||||
4.63%, 07/15/2017 | 2,926,000 | 2,969,890 | ||||||
5.00%, 03/15/2023 - 144A (A) | 1,889,000 | 1,832,330 | ||||||
5.88%, 07/15/2022 | 983,000 | 1,002,660 | ||||||
7.13%, 02/01/2016 | 1,000,000 | 1,105,000 | ||||||
7.75%, 05/31/2015 | 468,000 | 516,555 | ||||||
7.88%, 09/01/2019 | 1,700,000 | 1,938,000 | ||||||
Nara Cable Funding, Ltd. | 1,510,000 | 1,615,700 | ||||||
ONO Finance II PLC | 1,600,000 | 1,696,000 | ||||||
Unitymedia Hessen GmbH & Co. KG / Unitymedia NRW GmbH | 2,275,000 | 2,496,812 | ||||||
Univision Communications, Inc. | ||||||||
6.88%, 05/15/2019 - 144A | 1,750,000 | 1,911,875 | ||||||
7.88%, 11/01/2020 - 144A | 3,605,000 | 4,055,625 | ||||||
Metals & Mining - 0.3% | ||||||||
AK Steel Corp. | 2,200,000 | 2,442,000 | ||||||
Multiline Retail - 0.5% | ||||||||
Brookstone Co., Inc. | 1,769,000 | 1,687,184 | ||||||
JC Penney Corp., Inc. | 2,450,000 | 2,054,937 | ||||||
Oil, Gas & Consumable Fuels - 4.9% | ||||||||
Chesapeake Energy Corp. | ||||||||
6.13%, 02/15/2021 (A) | 2,000,000 | 2,200,000 | ||||||
6.63%, 08/15/2020 | 2,035,000 | 2,302,094 | ||||||
CONSOL Energy, Inc. | ||||||||
6.38%, 03/01/2021 (A) | 540,000 | 564,300 | ||||||
8.00%, 04/01/2017 (A) | 750,000 | 811,875 | ||||||
8.25%, 04/01/2020 (A) | 2,000,000 | 2,240,000 | ||||||
Continental Resources, Inc. | ||||||||
7.13%, 04/01/2021 | 650,000 | 749,125 | ||||||
8.25%, 10/01/2019 (A) | 2,460,000 | 2,767,500 | ||||||
Energy Transfer Equity, LP | 5,414,000 | 6,334,380 | ||||||
Linn Energy LLC / Linn Energy Finance Corp. | ||||||||
6.25%, 11/01/2019 - 144A (A) | 2,300,000 | 2,403,500 | ||||||
7.75%, 02/01/2021 (A) | 1,740,000 | 1,905,300 | ||||||
8.63%, 04/15/2020 | 2,340,000 | 2,614,950 | ||||||
Newfield Exploration Co. | ||||||||
5.63%, 07/01/2024 (A) | 677,000 | 727,775 | ||||||
6.88%, 02/01/2020 (A) | 1,238,000 | 1,349,420 | ||||||
7.13%, 05/15/2018 | 295,000 | 306,800 |
Principal | Value | |||||||
Oil, Gas & Consumable Fuels (continued) |
| |||||||
Plains Exploration & Production Co. | ||||||||
6.13%, 06/15/2019 | $ 1,960,000 | $ 2,173,150 | ||||||
6.50%, 11/15/2020 | 2,118,000 | 2,361,570 | ||||||
6.75%, 02/01/2022 | 1,215,000 | 1,372,950 | ||||||
SM Energy Co. | ||||||||
6.50%, 11/15/2021 - 01/01/2023 | 2,890,000 | 3,181,600 | ||||||
6.63%, 02/15/2019 | 1,328,000 | 1,429,260 | ||||||
Paper & Forest Products - 0.4% | ||||||||
Boise Cascade LLC/Boise Cascade Finance Corp. | 2,698,000 | 2,886,860 | ||||||
Personal Products - 0.2% | ||||||||
Revlon Consumer Products Corp. | 1,295,000 | 1,333,850 | ||||||
Pharmaceuticals - 0.6% | ||||||||
Valeant Pharmaceuticals International, Inc. | ||||||||
6.88%, 12/01/2018 - 144A | 3,350,000 | 3,647,313 | ||||||
7.00%, 10/01/2020 - 144A | 900,000 | 994,500 | ||||||
Real Estate Investment Trusts - 0.8% | ||||||||
Felcor Lodging, LP | 1,515,000 | 1,569,919 | ||||||
Host Hotels & Resorts, LP | ||||||||
5.88%, 06/15/2019 | 700,000 | 774,375 | ||||||
6.00%, 10/01/2021 | 3,000,000 | 3,500,625 | ||||||
Real Estate Management & Development - 1.3% |
| |||||||
Algeco Scotsman Global Finance PLC | 5,267,000 | 5,688,360 | ||||||
Mattamy Group Corp. | 1,975,000 | 1,950,313 | ||||||
Realogy Corp. | 2,415,000 | 2,568,956 | ||||||
Road & Rail - 1.2% | ||||||||
Aviation Capital Group Corp. | ||||||||
4.63%, 01/31/2018 - 144A | 1,024,000 | 1,068,141 | ||||||
6.75%, 04/06/2021 - 144A | 2,497,000 | 2,787,878 | ||||||
7.13%, 10/15/2020 - 144A | 1,255,000 | 1,441,883 | ||||||
Avis Budget Car Rental LLC / Avis Budget Finance, Inc. | 3,605,000 | 4,285,444 | ||||||
Semiconductors & Semiconductor Equipment - 1.8% |
| |||||||
Freescale Semiconductor, Inc. | ||||||||
9.25%, 04/15/2018 - 144A (A) | 3,490,000 | 3,839,000 | ||||||
10.13%, 03/15/2018 - 144A | 3,181,000 | 3,522,957 | ||||||
NXP BV / NXP Funding LLC | ||||||||
5.75%, 03/15/2023 - 144A | 950,000 | 1,004,625 | ||||||
9.75%, 08/01/2018 - 144A | 4,587,000 | 5,183,310 | ||||||
Software - 1.5% | ||||||||
First Data Corp. | ||||||||
6.75%, 11/01/2020 - 144A (A) | 3,650,000 | 3,914,625 | ||||||
7.38%, 06/15/2019 - 144A | 1,148,000 | 1,248,450 | ||||||
8.75%, 01/15/2022 - 144A (A) (C) | 2,717,000 | 2,920,775 | ||||||
8.88%, 08/15/2020 - 144A (A) | 2,160,000 | 2,462,400 | ||||||
Interface Security Systems Holdings, Inc. / Interface Security Systems LLC | 625,000 | 648,437 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 43
Transamerica High Yield Bond
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Principal | Value | |||||||
Specialty Retail - 0.5% | ||||||||
Claire’s Stores, Inc. | ||||||||
6.13%, 03/15/2020 - 144A (A) | $ 746,000 | $ 787,963 | ||||||
9.00%, 03/15/2019 - 144A | 2,889,000 | 3,311,516 | ||||||
9.63%, 06/01/2015 (C) | 429 | 430 | ||||||
CST Brands, Inc. | 128,000 | 131,360 | ||||||
Textiles, Apparel & Luxury Goods - 1.5% | ||||||||
Jones Group, Inc. | 6,897,000 | 5,922,799 | ||||||
Levi Strauss & Co. | 3,985,000 | 4,448,256 | ||||||
PVH Corp. | 1,175,000 | 1,320,406 | ||||||
Trading Companies & Distributors - 0.7% | ||||||||
International Lease Finance Corp. | 4,665,000 | 5,318,100 | ||||||
Wireless Telecommunication Services - 3.1% |
| |||||||
Cricket Communications, Inc. | ||||||||
7.75%, 05/15/2016 | 2,864,000 | 2,978,560 | ||||||
7.75%, 10/15/2020 (A) | 2,307,000 | 2,347,372 | ||||||
MetroPCS Wireless, Inc. | 3,500,000 | 3,762,500 | ||||||
Softbank Corp. | 6,250,000 | 6,474,650 | ||||||
Sprint Nextel Corp. | 6,830,000 | 7,956,950 | ||||||
|
| |||||||
Total Corporate Debt Securities (cost $645,229,052) |
| 682,000,670 | ||||||
|
| |||||||
CONVERTIBLE BONDS - 3.0% | ||||||||
Diversified Financial Services - 0.1% | ||||||||
Rivers Pittsburgh Borrower, LP/Rivers Pittsburgh Finance Corp. | 970,000 | 1,071,850 | ||||||
Energy Equipment & Services - 1.0% | ||||||||
NuStar Logistics, LP | 6,789,000 | 7,787,316 | ||||||
Hotels, Restaurants & Leisure - 0.6% | ||||||||
NCL Corp., Ltd. | 579,000 | 601,436 | ||||||
Regal Cinemas Corp. | 3,225,000 | 3,579,750 | ||||||
Insurance - 1.3% | ||||||||
Lincoln National Corp. | 9,475,000 | 9,735,563 | ||||||
|
| |||||||
Total Convertible Bonds (cost $20,324,599) |
| 22,775,915 | ||||||
|
| |||||||
LOAN ASSIGNMENTS - 0.5% | ||||||||
Diversified Telecommunication Services - 0.4% |
| |||||||
Level 3 Financing, Inc., Tranche B | 2,587,000 | 2,613,517 | ||||||
Real Estate Management & Development - 0.1% Realogy Group LLC, Extended |
| |||||||
4.45%, 10/10/2016 (B) (F) (G) | 54,409 | 54,273 | ||||||
4.50%, 03/05/2020 (B) (F) (G) | 834,687 | 844,077 | ||||||
|
| |||||||
Total Loan Assignments (cost $3,455,915) |
| 3,511,867 | ||||||
|
|
Shares | Value | |||||||
PREFERRED STOCKS - 2.4% |
| |||||||
Capital Markets - 0.2% | ||||||||
Goldman Sachs Group, Inc. - Series J, 5.50% (A) (B) | 53,745 | $ 1,381,784 | ||||||
Commercial Banks - 0.5% | ||||||||
GMAC Capital Trust I - Series 2, | 144,225 | 3,950,323 | ||||||
Consumer Finance - 1.2% | ||||||||
Ally Financial, Inc. - 144A, 7.00% | 4,053 | 3,999,678 | ||||||
Ally Financial, Inc. - Series A, | 211,700 | 5,667,209 | ||||||
Insurance - 0.5% | ||||||||
Hartford Financial Services Group, Inc., 7.88% (A) (B) | 114,684 | 3,551,763 | ||||||
|
| |||||||
Total Preferred Stocks (cost $15,415,328) |
| 18,550,757 | ||||||
|
| |||||||
COMMON STOCKS - 1.3% | ||||||||
Automobiles - 0.1% | ||||||||
General Motors Co. (A) (I) | 11,558 | 356,449 | ||||||
Motors Liquidation Co. GUC Trust (A) (I) | 2,901 | 88,625 | ||||||
Independent Power Producers & Energy Traders - 1.1% |
| |||||||
Dynegy, Inc. (I) | 341,178 | 8,430,509 | ||||||
IT Services - 0.1% | ||||||||
Unisys Corp. (A) (I) | 61,972 | 1,185,524 | ||||||
|
| |||||||
Total Common Stocks (cost $13,044,691) |
| 10,061,107 | ||||||
|
| |||||||
WARRANTS - 0.0% (J) | ||||||||
Automobiles - 0.0% (J) | ||||||||
General Motors Co., Class A (I) | 203 | 4,344 | ||||||
General Motors Co., Class A (I) | 203 | 2,852 | ||||||
|
| |||||||
Total Warrants (cost $ - ) | 7,196 | |||||||
|
| |||||||
SECURITIES LENDING COLLATERAL - 15.3% |
| |||||||
State Street Navigator Securities Lending Trust - Prime Portfolio, 0.18% (K) | 117,124,875 | 117,124,875 | ||||||
|
| |||||||
Total Securities Lending Collateral (cost $117,124,875) |
| 117,124,875 | ||||||
|
| |||||||
Principal | Value | |||||||
REPURCHASE AGREEMENT - 0.4% | ||||||||
State Street Bank & Trust Co. | $ 3,142,539 | 3,142,539 | ||||||
|
| |||||||
Total Repurchase Agreement (cost $3,142,539) |
| 3,142,539 | ||||||
|
| |||||||
Total Investment Securities (cost $823,567,613) (L) |
| 864,190,851 | ||||||
Other Assets and Liabilities - Net | (97,389,587 | ) | ||||||
|
| |||||||
Net Assets | $ 766,801,264 | |||||||
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 44
Transamerica High Yield Bond
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
NOTES TO SCHEDULE OF INVESTMENTS:
(A) | All or a portion of this security is on loan. The value of all securities on loan is $114,716,942. The amount of securities on loan indicated may not correspond with the securities on loan identified because securities with pending sales are in the process of recall from the brokers. |
(B) | Floating or variable rate note. Rate is listed as of April 30, 2013. |
(C) | Payment in-kind. Securities pay interest or dividends in the form of additional bonds or preferred stock. If a security makes cash payment in addition to in-kind, the cash rate is disclosed separately. |
(D) | The security has a perpetual maturity. The date shown is the next call date. |
(E) | 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 $555, or less than 0.01% of the fund’s net assets. |
(F) | Illiquid. Total aggregate market value of illiquid securities is $3,798,806, or 0.50% of the fund’s net assets. |
(G) | Restricted security. At April 30, 2013, the fund owned the respective securities which were restricted as to public resale: |
Investment Securities | Description | Acquisition Date | Cost | Value | Value as % of Net Assets | |||||||||||||
Corporate Debt Securities | Level 3 Communications, Inc. | 7/18/2012 | $ | 300,000 | $ | 331,500 | 0.04 | % | ||||||||||
Corporate Debt Securities | Realogy Corp. | 2/8/2012-7/11/2012 | 2,290,482 | 2,568,956 | 0.34 | |||||||||||||
Loan Assignments | Realogy Group LLC, Extended | 9/4/2012-9/6/2012 | 53,096 | 54,273 | 0.01 | |||||||||||||
Loan Assignments | Realogy Group LLC, Extended | 2/8/2012-7/11/2012 | 813,223 | 844,077 | 0.11 | |||||||||||||
|
|
|
|
|
| |||||||||||||
$ | 3,456,801 | $ | 3,798,806 | 0.50 | % | |||||||||||||
|
|
|
|
|
|
(H) | In default. |
(I) | Non-income producing security. |
(J) | Percentage rounds to less than 0.1%. |
(K) | Rate shown reflects the yield at April 30, 2013. |
(L) | Aggregate cost for federal income tax purposes is $823,567,613. Aggregate gross unrealized appreciation and depreciation for all securities in which there is an excess of value over tax cost were $53,070,372 and $12,447,134, respectively. Net unrealized appreciation for tax purposes is $40,623,238. |
DEFINITIONS:
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 April 30, 2013, these securities aggregated $196,025,011 or 25.56% of the fund’s net assets. | |
MTN | Medium Term Note |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 45
Transamerica High Yield Bond
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
VALUATION SUMMARY: (M)
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
ASSETS | ||||||||||||||||
Investment Securities | ||||||||||||||||
Preferred Corporate Debt Security | $ | — | $ | 7,015,925 | $ | — | $ | 7,015,925 | ||||||||
Corporate Debt Securities | ||||||||||||||||
Aerospace & Defense | — | 9,085,025 | — | 9,085,025 | ||||||||||||
Airlines | — | 14,275,304 | — | 14,275,304 | ||||||||||||
Auto Components | — | 2,791,209 | — | 2,791,209 | ||||||||||||
Automobiles | — | 6,380,060 | — | 6,380,060 | ||||||||||||
Beverages | — | 14,513,300 | — | 14,513,300 | ||||||||||||
Building Products | — | 16,542,112 | — | 16,542,112 | ||||||||||||
Chemicals | — | 13,076,837 | — | 13,076,837 | ||||||||||||
Commercial Banks | — | 5,768,411 | — | 5,768,411 | ||||||||||||
Commercial Services & Supplies | — | 18,221,416 | — | 18,221,416 | ||||||||||||
Computers & Peripherals | — | 3,269,613 | — | 3,269,613 | ||||||||||||
Construction & Engineering | — | 7,392,114 | — | 7,392,114 | ||||||||||||
Consumer Finance | — | 20,612,229 | — | 20,612,229 | ||||||||||||
Containers & Packaging | — | 16,646,807 | — | 16,646,807 | ||||||||||||
Diversified Consumer Services | — | 4,078,900 | — | 4,078,900 | ||||||||||||
Diversified Financial Services | — | 27,258,409 | 0 | 27,258,409 | ||||||||||||
Diversified Telecommunication Services | — | 60,233,997 | — | 60,233,997 | ||||||||||||
Electric Utilities | — | 18,425,230 | 555 | 18,425,785 | ||||||||||||
Electrical Equipment | — | 2,060,000 | — | 2,060,000 | ||||||||||||
Energy Equipment & Services | — | 22,699,356 | — | 22,699,356 | ||||||||||||
Food & Staples Retailing | — | 7,299,913 | — | 7,299,913 | ||||||||||||
Food Products | — | 4,473,593 | — | 4,473,593 | ||||||||||||
Gas Utilities | — | 1,082,610 | — | 1,082,610 | ||||||||||||
Health Care Equipment & Supplies | — | 10,947,746 | — | 10,947,746 | ||||||||||||
Health Care Providers & Services | — | 43,136,900 | — | 43,136,900 | ||||||||||||
Hotels, Restaurants & Leisure | — | 51,182,421 | — | 51,182,421 | ||||||||||||
Household Durables | — | 32,150,985 | — | 32,150,985 | ||||||||||||
Household Products | — | 12,331,240 | — | 12,331,240 | ||||||||||||
Independent Power Producers & Energy Traders | — | 15,377,696 | — | 15,377,696 | ||||||||||||
Insurance | — | 10,264,867 | — | 10,264,867 | ||||||||||||
IT Services | — | 6,553,375 | — | 6,553,375 | ||||||||||||
Media | — | 55,884,912 | — | 55,884,912 | ||||||||||||
Metals & Mining | — | 2,442,000 | — | 2,442,000 | ||||||||||||
Multiline Retail | — | 3,742,121 | — | 3,742,121 | ||||||||||||
Oil, Gas & Consumable Fuels | — | 37,795,549 | — | 37,795,549 | ||||||||||||
Paper & Forest Products | — | 2,886,860 | — | 2,886,860 | ||||||||||||
Personal Products | — | 1,333,850 | — | 1,333,850 | ||||||||||||
Pharmaceuticals | — | 4,641,813 | — | 4,641,813 | ||||||||||||
Real Estate Investment Trusts | — | 5,844,919 | — | 5,844,919 | ||||||||||||
Real Estate Management & Development | — | 10,207,629 | — | 10,207,629 | ||||||||||||
Road & Rail | — | 9,583,346 | — | 9,583,346 | ||||||||||||
Semiconductors & Semiconductor Equipment | — | 13,549,892 | — | 13,549,892 | ||||||||||||
Software | — | 11,194,687 | — | 11,194,687 | ||||||||||||
Specialty Retail | — | 4,231,269 | — | 4,231,269 | ||||||||||||
Textiles, Apparel & Luxury Goods | — | 11,691,461 | — | 11,691,461 | ||||||||||||
Trading Companies & Distributors | — | 5,318,100 | — | 5,318,100 | ||||||||||||
Wireless Telecommunication Services | — | 23,520,032 | — | 23,520,032 | ||||||||||||
Convertible Bonds | — | 22,775,915 | — | 22,775,915 | ||||||||||||
Loan Assignments | — | 3,511,867 | — | 3,511,867 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 46
Transamerica High Yield Bond
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
VALUATION SUMMARY (continued):
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
Investment Securities (continued) | ||||||||||||||||
Preferred Stocks | $ | 18,550,757 | $ | — | $ | — | $ | 18,550,757 | ||||||||
Common Stocks | 10,061,107 | — | — | 10,061,107 | ||||||||||||
Warrants | 7,196 | — | — | 7,196 | ||||||||||||
Securities Lending Collateral | 117,124,875 | — | — | 117,124,875 | ||||||||||||
Repurchase Agreement | — | 3,142,539 | — | 3,142,539 | ||||||||||||
Total Investment Securities | $ | 145,743,935 | $ | 718,446,361 | $ | 555 | $ | 864,190,851 | ||||||||
Other Assets (N) | ||||||||||||||||
Cash | $ | 109,810 | $ | — | $ | — | $ | 109,810 | ||||||||
Total Other Assets | $ | 109,810 | $ | — | $ | — | $ | 109,810 | ||||||||
LIABILITIES | Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | ||||||||||||
Other Liabilities (N) | ||||||||||||||||
Collateral for Securities on Loan | $ | — | $ | (117,124,875 | ) | $ | — | $ | (117,124,875 | ) | ||||||
Total Other Liabilities | $ | — | $ | (117,124,875 | ) | $ | — | $ | (117,124,875 | ) |
(M) | Transfers between levels are considered to have occurred at the end of the reporting period. There were no transfers between Levels 1 and 2 during the period ended April 30, 2013. See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
(N) | Certain assets and liabilities are held at carrying amount or face value, which approximates fair value for financial reporting purposes. |
Level 3 Rollforward - Investment Securities
Securities | Beginning Balance at October 31, 2012 | Purchases | Sales | Accrued Discounts (Premiums) | Total Realized Gain (Loss) | Net Change in Unrealized Appreciation (Depreciation) (O) | Transfers into Level 3 | Transfers out of Level 3 | Ending Balance at April 30, 2013 (P) | Net Change in Unrealized Appreciation (Depreciation) on Investments Held at April 30, 2013 (O) | ||||||||||||||||||||||||||||||
Corporate Debt Securities | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 555 | $ | — | $ | — | $ | 555 | $ | 555 | ||||||||||||||||||||
Total | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 555 | $ | — | $ | — | $ | 555 | $ | 555 |
(O) | Any difference between Net Change in Unrealized Appreciation (Depreciation) and Net Change in Unrealized Appreciation (Depreciation) on Investments Held at April 30, 2013 may be due to an investment no longer held or categorized as Level 3 at period end. |
(P) | Inputs used in the valuation of the Level 3 securities were not considered significant unobservable inputs. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 47
Transamerica Income & Growth
SCHEDULE OF INVESTMENTS
At April 30, 2013
(unaudited)
Shares | Value | |||||||
COMMON STOCKS - 98.2% | ||||||||
Aerospace & Defense - 2.7% | ||||||||
BAE Systems PLC | 1,847,032 | $ 10,773,421 | ||||||
Airlines - 1.6% | ||||||||
Japan Airlines Co., Ltd. | 128,973 | 6,535,637 | ||||||
Automobiles - 2.4% | ||||||||
Daimler AG | 176,799 | 9,782,585 | ||||||
Beverages - 6.5% | ||||||||
Coca-Cola Amatil, Ltd. | 835,461 | 13,113,096 | ||||||
Thai Beverage PCL | 27,373,104 | 13,445,423 | ||||||
Capital Markets - 3.2% | ||||||||
Federated Investors, Inc. - Class B (A) | 341,683 | 7,845,042 | ||||||
Solar Capital, Ltd. (A) | 211,420 | 5,059,280 | ||||||
Chemicals - 1.3% | ||||||||
BASF SE - Class R (A) | 56,366 | 5,264,479 | ||||||
Commercial Banks - 1.7% | ||||||||
Commonwealth Bank of Australia | 92,150 | 7,016,820 | ||||||
Commercial Services & Supplies - 0.2% | ||||||||
Homeserve PLC | 185,430 | 603,151 | ||||||
Construction & Engineering - 1.0% | ||||||||
NRW Holdings, Ltd. | 3,001,186 | 4,044,729 | ||||||
Diversified Financial Services - 2.2% | ||||||||
KKR Financial Holdings LLC | 842,309 | 9,004,283 | ||||||
Diversified Telecommunication Services - 14.1% |
| |||||||
AT&T, Inc. (A) | 322,957 | 12,097,969 | ||||||
BCE, Inc. (A) | 130,182 | 6,097,860 | ||||||
Belgacom SA (A) | 287,240 | 6,619,915 | ||||||
Swisscom AG | 24,414 | 11,495,428 | ||||||
Telstra Corp., Ltd. | 2,402,594 | 12,404,033 | ||||||
Verizon Communications, Inc. (A) | 157,891 | 8,511,904 | ||||||
Electric Utilities - 2.9% | ||||||||
Brookfield Infrastructure Partners, LP | 150,508 | 5,817,134 | ||||||
Southern Co. (A) | 119,828 | 5,779,305 | ||||||
Energy Equipment & Services - 2.1% | ||||||||
Diamond Offshore Drilling, Inc. | 120,718 | 8,341,614 | ||||||
Food Products - 0.2% | ||||||||
Asian Citrus Holdings, Ltd. | 2,341,551 | 995,743 | ||||||
Media - 2.6% | ||||||||
Regal Entertainment Group - Class A (A) | 589,019 | 10,567,001 | ||||||
Oil, Gas & Consumable Fuels - 20.6% | ||||||||
Boardwalk Pipeline Partners, LP | 270,250 | 8,169,658 | ||||||
Canadian Oil Sands, Ltd. | 420,330 | 8,256,817 | ||||||
Cheniere Energy Partners, LP | 143,344 | 3,913,291 | ||||||
Energy Transfer Equity, LP | 66,318 | 3,891,540 | ||||||
Energy Transfer Partners, LP - Class B | 201,796 | 10,047,423 | ||||||
Kinder Morgan Energy Partners, LP | 145,565 | 12,875,224 | ||||||
Penn West Petroleum, Ltd. (A) | 140,383 | 1,295,735 | ||||||
Plains All American Pipeline, LP | 191,669 | 11,005,634 | ||||||
TC Pipelines, LP | 122,588 | 5,761,636 | ||||||
Teekay LNG Partners, LP | 187,743 | 7,827,006 | ||||||
Total SA | 213,057 | 10,738,008 | ||||||
Pharmaceuticals - 4.4% | ||||||||
AstraZeneca PLC - ADR | 155,220 | 8,059,022 | ||||||
Novartis AG - ADR | 61,939 | 4,568,621 | ||||||
Sanofi | 49,150 | 5,386,674 | ||||||
Real Estate Investment Trusts - 19.0% | ||||||||
Annaly Capital Management, Inc. (A) | 737,538 | 11,756,356 | ||||||
Ascendas Real Estate Investment Trust (A) | 3,435,524 | 7,670,448 | ||||||
CDL Hospitality Trusts (A) | 2,279,753 | 3,701,799 |
Shares | Value | |||||||
Real Estate Investment Trusts (continued) |
| |||||||
Cofinimmo (A) | 45,507 | $ 5,480,641 | ||||||
Health Care REIT, Inc. | 124,447 | 9,329,792 | ||||||
National Retail Properties, Inc. (A) | 253,788 | 10,070,308 | ||||||
PennyMac Mortgage Investment Trust | 500,080 | 12,627,020 | ||||||
Realty Income Corp. (A) | 155,610 | 7,931,442 | ||||||
Starwood Property Trust, Inc. | 315,397 | 8,670,263 | ||||||
Tobacco - 5.4% | ||||||||
British American Tobacco PLC | 143,876 | 7,969,645 | ||||||
Imperial Tobacco Group PLC | 182,688 | 6,526,902 | ||||||
Philip Morris International, Inc. | 77,252 | 7,384,519 | ||||||
Transportation Infrastructure - 1.8% | ||||||||
SATS, Ltd. (A) | 2,824,500 | 7,223,492 | ||||||
Wireless Telecommunication Services - 2.3% |
| |||||||
Vodafone Group PLC - ADR | 308,116 | 9,425,268 | ||||||
|
| |||||||
Total Common Stocks (cost $375,495,322) |
| 398,780,036 | ||||||
|
| |||||||
SECURITIES LENDING COLLATERAL - 14.8% |
| |||||||
State Street Navigator Securities Lending Trust - Prime Portfolio, 0.18% (B) | 59,847,200 | 59,847,200 | ||||||
|
| |||||||
Total Securities Lending Collateral (cost $59,847,200) |
| 59,847,200 | ||||||
|
| |||||||
Principal | Value | |||||||
REPURCHASE AGREEMENT - 5.9% | ||||||||
State Street Bank & Trust Co. | $ | 23,992,143 | 23,992,143 | |||||
|
| |||||||
Total Repurchase Agreement (cost $23,992,143) |
| 23,992,143 | ||||||
|
| |||||||
Total Investment Securities (cost $459,334,665) (C) |
| 482,619,379 | ||||||
Other Assets and Liabilities - Net | (76,663,595 | ) | ||||||
|
| |||||||
Net Assets | $ | 405,955,784 | ||||||
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 48
Transamerica Income & Growth
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
NOTES TO SCHEDULE OF INVESTMENTS:
(A) | All or a portion of this security is on loan. The value of all securities on loan is $58,079,348. The amount of securities on loan indicated may not correspond with the securities on loan identified because securities with pending sales are in the process of recall from the brokers. |
(B) | Rate shown reflects the yield at April 30, 2013. |
(C) | Aggregate cost for federal income tax purposes is $459,334,665. Aggregate gross unrealized appreciation and depreciation for all securities in which there is an excess of value over tax cost were $28,548,832 and $5,264,118, respectively. Net unrealized appreciation for tax purposes is $23,284,714. |
DEFINITION:
ADR | American Depositary Receipt |
VALUATION SUMMARY: (D)
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
ASSETS | ||||||||||||||||
Investment Securities | ||||||||||||||||
Common Stocks | $ | 241,987,967 | $ | 156,792,069 | $ | — | $ | 398,780,036 | ||||||||
Securities Lending Collateral | 59,847,200 | — | — | 59,847,200 | ||||||||||||
Repurchase Agreement | — | 23,992,143 | — | 23,992,143 | ||||||||||||
Total Investment Securities | $ | 301,835,167 | $ | 180,784,212 | $ | — | $ | 482,619,379 | ||||||||
Other Assets (E) | ||||||||||||||||
Foreign Currency | $ | 43,493 | $ | — | $ | — | $ | 43,493 | ||||||||
Total Other Assets | $ | 43,493 | $ | — | $ | — | $ | 43,493 | ||||||||
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
LIABILITIES | ||||||||||||||||
Other Liabilities (E) | ||||||||||||||||
Collateral for Securities on Loan | $ | — | $ | (59,847,200 | ) | $ | — | $ | (59,847,200 | ) | ||||||
Total Other Liabilities | $ | — | $ | (59,847,200 | ) | $ | — | $ | (59,847,200 | ) |
(D) | Transfers between levels are considered to have occurred at the end of the reporting period. There were no transfers between Levels 1 and 2 during the period ended April 30, 2013. See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
(E) | Certain assets and liabilities are held at carrying amount or face value, which approximates fair value for financial reporting purposes. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 49
Transamerica International Bond
SCHEDULE OF INVESTMENTS
At April 30, 2013
(unaudited)
Principal | Value | |||||||
FOREIGN GOVERNMENT OBLIGATIONS - 71.8% |
| |||||||
Australia - 1.6% | ||||||||
New South Wales Treasury Corp. | ||||||||
5.50%, 03/01/2017 | AUD 2,450,000 | $ 2,763,489 | ||||||
Austria - 1.9% | ||||||||
Austria Government Bond | ||||||||
3.20%, 02/20/2017 - 144A, Reg S | EUR 2,330,000 | 3,394,982 | ||||||
Belgium - 2.2% | ||||||||
Belgium Government Bond | ||||||||
4.00%, 03/28/2018 | 970,000 | 1,478,665 | ||||||
4.25%, 09/28/2021 - 03/28/2041 | 1,050,000 | 1,690,301 | ||||||
5.00%, 03/28/2035 | 400,000 | 720,446 | ||||||
Canada - 4.8% | ||||||||
Canadian Government Bond | ||||||||
2.50%, 06/01/2015 | CAD 900,000 | 922,030 | ||||||
3.25%, 06/01/2021 | 5,470,000 | 6,156,458 | ||||||
5.00%, 06/01/2037 | 590,000 | 865,320 | ||||||
5.75%, 06/01/2033 | 383,000 | 590,921 | ||||||
Denmark - 1.1% | ||||||||
Denmark Government Bond | ||||||||
4.00%, 11/15/2019 | DKK 9,050,000 | 1,945,932 | ||||||
France - 8.5% | ||||||||
Caisse d’Amortissement de la Dette Sociale | ||||||||
3.75%, 10/25/2020 | EUR 1,220,000 | 1,885,551 | ||||||
Caisse d’Amortissement de la Dette Sociale, | ||||||||
3.75%, 09/08/2014 | GBP 1,000,000 | 1,617,711 | ||||||
France Government Bond OAT | ||||||||
3.00%, 04/25/2022 | EUR 4,100,000 | 6,037,988 | ||||||
4.50%, 04/25/2041 | 1,600,000 | 2,785,192 | ||||||
5.75%, 10/25/2032 | 1,367,850 | 2,684,254 | ||||||
Germany - 6.6% | ||||||||
Bundesrepublik Deutschland | ||||||||
1.75%, 07/04/2022 | 5,500,000 | 7,660,293 | ||||||
4.00%, 01/04/2037 | 929,000 | 1,670,005 | ||||||
5.50%, 01/04/2031 | 1,170,000 | 2,366,921 | ||||||
Italy - 9.4% | ||||||||
Italy Buoni Poliennali del Tesoro | ||||||||
2.75%, 12/01/2015 | 1,300,000 | 1,753,553 | ||||||
4.00%, 09/01/2020 - 02/01/2037 | 9,125,000 | 12,144,811 | ||||||
5.25%, 08/01/2017 | 1,800,000 | 2,626,735 | ||||||
Japan - 17.8% | ||||||||
10-Year Japan Government Bond | ||||||||
1.10%, 06/20/2021 | JPY 170,000,000 | 1,827,894 | ||||||
Japan Government Bond | ||||||||
1.30%, 03/20/2015 | 1,024,000,000 | 10,736,795 | ||||||
2.10%, 12/20/2026 - 09/20/2028 | 799,900,000 | 9,378,421 | ||||||
2.20%, 09/20/2039 - 03/20/2041 | 812,000,000 | 9,442,469 | ||||||
Mexico - 1.1% | ||||||||
United Mexican States | ||||||||
9.50%, 12/18/2014 | MXN 22,000,000 | 1,969,107 | ||||||
Netherlands - 2.2% | ||||||||
Netherlands Government Bond | ||||||||
3.25%, 07/15/2021 - 144A, Reg S | EUR 1,210,000 | 1,849,189 | ||||||
3.75%, 01/15/2042 - 144A, Reg S | 435,000 | 750,464 | ||||||
4.50%, 07/15/2017 - 144A, Reg S | 560,000 | 861,969 | ||||||
5.50%, 01/15/2028 - 144A | 175,000 | 333,741 |
Principal | Value | |||||||
Russian Federation - 1.5% | ||||||||
Russian Federal Bond - OFZ | ||||||||
7.60%, 07/20/2022 | RUB 76,300,000 | $ 2,671,238 | ||||||
Spain - 4.5% | ||||||||
Spain Government Bond | ||||||||
3.00%, 04/30/2015 | EUR 1,300,000 | 1,753,296 | ||||||
3.15%, 01/31/2016 | 500,000 | 676,122 | ||||||
4.60%, 07/30/2019 | 360,000 | 508,901 | ||||||
4.90%, 07/30/2040 | 1,060,000 | 1,428,745 | ||||||
5.40%, 01/31/2023 - 144A, Reg S | 1,640,000 | 2,372,431 | ||||||
5.50%, 07/30/2017 | 750,000 | 1,094,386 | ||||||
Supranational - 3.8% | ||||||||
European Investment Bank, Series EMTN | ||||||||
1.00%, 07/13/2018 | 3,000,000 | 4,030,058 | ||||||
2.63%, 03/15/2016 | 1,900,000 | 2,672,894 | ||||||
Sweden - 1.3% | ||||||||
Sweden Government Bond | ||||||||
4.50%, 08/12/2015 | SEK 14,000,000 | 2,337,448 | ||||||
United Kingdom - 3.5% | ||||||||
U.K. Gilt | ||||||||
4.50%, 09/07/2034 - 12/07/2042 | GBP 3,070,000 | 6,155,285 | ||||||
|
| |||||||
Total Foreign Government Obligations (cost $121,922,403) |
| 126,612,411 | ||||||
|
| |||||||
MORTGAGE-BACKED SECURITIES - 2.2% |
| |||||||
Italy - 0.3% | ||||||||
BPM Securitisation Srl Series 2, Class A2 | ||||||||
0.35%, 01/15/2043 - Reg S (A) (B) | EUR 465,582 | 582,620 | ||||||
Spain - 1.9% | ||||||||
Union de Creditos Inmobiliarios Series 15, Class A | ||||||||
0.34%, 12/18/2048 - Reg S (A) (C) | 3,310,070 | 3,301,569 | ||||||
|
| |||||||
Total Mortgage-Backed Securities (cost $5,070,889) |
| 3,884,189 | ||||||
|
| |||||||
ASSET-BACKED SECURITIES - 0.5% |
| |||||||
Italy - 0.5% | ||||||||
Leasimpresa Finance Srl Series 2, Class A | ||||||||
0.34%, 12/22/2025 - Reg S (A) | 739,760 | 962,097 | ||||||
|
| |||||||
Total Asset-Backed Securities (cost $944,332) |
| 962,097 | ||||||
|
| |||||||
CORPORATE DEBT SECURITIES - 22.6% |
| |||||||
Australia - 2.3% | ||||||||
Commonwealth Bank of Australia, Series EMTN | ||||||||
2.63%, 01/12/2017 - Reg S | 1,400,000 | 1,982,475 | ||||||
Suncorp-Metway, Ltd., | ||||||||
4.00%, 01/16/2014 | GBP 1,290,000 | 2,053,208 | ||||||
Canada - 0.5% | ||||||||
Toronto-Dominion Bank, Series EMTN | ||||||||
5.38%, 05/14/2015 - Reg S | EUR 600,000 | 868,372 | ||||||
Finland - 1.2% | ||||||||
Nordea Bank Finland PLC | ||||||||
2.25%, 11/16/2015 | 1,600,000 | 2,204,107 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 50
Transamerica International Bond
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Principal | Value | |||||||
France - 2.6% | ||||||||
BNP Paribas Home Loan SFH, Series EMTN | ||||||||
3.38%, 01/12/2017 | EUR 1,600,000 | $ 2,319,729 | ||||||
Cie de Financement Foncier SA, Series EMTN | ||||||||
4.75%, 06/25/2015 | 1,600,000 | 2,299,025 | ||||||
Germany - 3.8% | ||||||||
KFW | ||||||||
2.05%, 02/16/2026 | JPY 99,000,000 | 1,168,783 | ||||||
2.60%, 06/20/2037 (D) | 112,000,000 | 1,379,951 | ||||||
KFW, | ||||||||
5.50%, 12/07/2015 | GBP 2,350,000 | 4,115,466 | ||||||
Netherlands - 2.6% | ||||||||
Fortis Bank Nederland NV, Series EMTN | ||||||||
3.38%, 05/19/2014 | EUR 950,000 | 1,293,175 | ||||||
ING Bank NV, | ||||||||
3.38%, 03/23/2017 | 1,500,000 | 2,181,798 | ||||||
LeasePlan Corp. NV, | ||||||||
3.25%, 05/22/2014 | 810,000 | 1,100,631 | ||||||
Norway - 2.3% | ||||||||
Sparebank 1 Boligkreditt AS, Series EMTN | ||||||||
2.50%, 06/23/2015 (D) | 1,500,000 | 2,064,260 | ||||||
Sparebanken Vest Boligkreditt AS, Series EMTN | ||||||||
2.50%, 06/09/2015 | 1,400,000 | 1,922,672 | ||||||
Sweden - 1.6% | ||||||||
Stadshypotek AB | ||||||||
2.75%, 04/30/2015 | 2,000,000 | 2,759,117 | ||||||
Switzerland - 2.0% | ||||||||
Credit Suisse AG, | ||||||||
2.63%, 12/01/2015 | 1,700,000 | 2,365,242 | ||||||
UBS AG | ||||||||
3.88%, 12/02/2019 | 800,000 | 1,243,148 |
Principal | Value | |||||||
United Kingdom - 3.7% | ||||||||
Abbey National Treasury Services PLC, Series EMTN | ||||||||
3.38%, 06/08/2015 | EUR 1,250,000 | $ 1,746,398 | ||||||
Barclays Bank PLC, | ||||||||
3.63%, 04/13/2016 | 1,400,000 | 2,014,711 | ||||||
Lloyds TSB Bank PLC, | ||||||||
4.00%, 06/25/2018 | 750,000 | 1,145,652 | ||||||
Royal Bank of Scotland PLC, Series EMTN | ||||||||
4.00%, 03/15/2016 - Reg S | 1,150,000 | 1,663,531 | ||||||
|
| |||||||
Total Corporate Debt Securities (cost $39,148,258) |
| 39,891,451 | ||||||
|
| |||||||
Shares | Value | |||||||
SECURITIES LENDING COLLATERAL - 1.7% |
| |||||||
State Street Navigator Securities Lending Trust - Prime Portfolio, 0.18% (E) | 2,959,114 | 2,959,114 | ||||||
|
| |||||||
Total Securities Lending Collateral (cost $2,959,114) |
| 2,959,114 | ||||||
|
| |||||||
Principal | Value | |||||||
REPURCHASE AGREEMENT - 0.3% | ||||||||
State Street Bank & Trust Co. | $ 487,004 | 487,004 | ||||||
|
| |||||||
Total Repurchase Agreement (cost $487,004) |
| 487,004 | ||||||
|
| |||||||
Total Investment Securities (cost $170,532,000) (F) |
| 174,796,266 | ||||||
Other Assets and Liabilities - Net | 1,517,041 | |||||||
|
| |||||||
Net Assets | $ 176,313,307 | |||||||
|
|
FUTURES CONTRACTS: (G) | ||||||||||||||||
Description | Type | Contracts | Expiration Date | Unrealized Appreciation (Depreciation) | ||||||||||||
10-Year Australian Treasury Bond | Long | 3 | 06/17/2013 | $ | 14,982 | |||||||||||
10-Year Government of Canada Bond | Short | (40 | ) | 06/19/2013 | (157,427 | ) | ||||||||||
10-Year Japan Government Bond | Long | 20 | 06/11/2013 | (58,152 | ) | |||||||||||
10-Year Japan Government Bond Mini | Long | 13 | 06/10/2013 | (3,107 | ) | |||||||||||
3-Year Australian Treasury Bond | Long | 4 | 06/17/2013 | 5,122 | ||||||||||||
Euro-BTP Italian Government Bond | Long | 12 | 06/06/2013 | 61,450 | ||||||||||||
German Euro BOBL | Short | (77 | ) | 06/06/2013 | (25,315 | ) | ||||||||||
German Euro Bund | Short | (68 | ) | 06/06/2013 | (212,608 | ) | ||||||||||
German Euro Schatz | Short | (23 | ) | 06/06/2013 | (1,104 | ) | ||||||||||
U.K. Long Gilt Bond | Long | 41 | 06/26/2013 | 228,915 | ||||||||||||
|
| |||||||||||||||
$ | (147,244 | ) | ||||||||||||||
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 51
Transamerica International Bond
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
FORWARD FOREIGN CURRENCY CONTRACTS: | ||||||||||||||||||
Currency | Counterparty | Contracts Bought (Sold) | Settlement Date | Amount in U.S. Dollars Bought (Sold) | Net Unrealized Appreciation (Depreciation) | |||||||||||||
AUD | BCLY | (2,660,390 | ) | 06/11/2013 | $ | (2,770,102 | ) | $ | 20,855 | |||||||||
BRL | CSFB | 1,712,050 | 06/11/2013 | 841,840 | 9,534 | |||||||||||||
BRL | UBS | (7,046,923 | ) | 06/11/2013 | (3,474,471 | ) | (29,848 | ) | ||||||||||
CAD | BCLY | (142,583 | ) | 06/11/2013 | (139,664 | ) | (1,723 | ) | ||||||||||
CAD | MSC | (979,302 | ) | 06/11/2013 | (955,992 | ) | (15,099 | ) | ||||||||||
CAD | SSB | (287,595 | ) | 06/11/2013 | (282,521 | ) | (2,663 | ) | ||||||||||
CLP | BCLY | 434,629,982 | 06/11/2013 | 911,671 | 5,725 | |||||||||||||
CLP | HSBC | (434,629,982 | ) | 06/11/2013 | (910,315 | ) | (7,081 | ) | ||||||||||
CNY | CITI | 5,737,954 | 06/13/2013 | 914,691 | 13,984 | |||||||||||||
CNY | HSBC | 5,726,800 | 06/13/2013 | 912,281 | 14,588 | |||||||||||||
DKK | BNP | (1,950,198 | ) | 06/11/2013 | (339,414 | ) | (5,234 | ) | ||||||||||
EUR | UBS | 1,549,293 | 05/03/2013 | 2,040,263 | 119 | |||||||||||||
EUR | BCLY | (30,712,954 | ) | 06/11/2013 | (39,943,302 | ) | (515,162 | ) | ||||||||||
EUR | GSC | 1,186,965 | 06/11/2013 | 1,552,506 | 11,094 | |||||||||||||
EUR | HSBC | 156,916 | 06/11/2013 | 206,001 | 706 | |||||||||||||
EUR | HSBC | 694,078 | 06/11/2013 | 903,267 | 11,048 | |||||||||||||
EUR | SSB | 1,264,065 | 06/11/2013 | 1,624,627 | 40,538 | |||||||||||||
EUR | SSB | 1,315,263 | 06/11/2013 | 1,712,143 | 20,465 | |||||||||||||
EUR | SSB | (1,369,046 | ) | 06/11/2013 | (1,780,102 | ) | (23,355 | ) | ||||||||||
EUR | SSB | (1,324,012 | ) | 06/11/2013 | (1,720,991 | ) | (23,143 | ) | ||||||||||
EUR | SSB | (253,221 | ) | 06/11/2013 | (330,990 | ) | (2,580 | ) | ||||||||||
EUR | TDB | 539,567 | 06/11/2013 | 707,389 | 3,387 | |||||||||||||
EUR | UBS | (1,549,293 | ) | 06/11/2013 | (2,040,759 | ) | (139 | ) | ||||||||||
GBP | CSFB | 326,025 | 06/11/2013 | 504,145 | 2,147 | |||||||||||||
GBP | DUB | 2,466,366 | 06/11/2013 | 3,745,941 | 84,139 | |||||||||||||
JPY | DUB | 3,604,781,272 | 06/11/2013 | 38,085,783 | (1,100,191 | ) | ||||||||||||
JPY | GSC | (41,788,306 | ) | 06/11/2013 | (441,407 | ) | 12,653 | |||||||||||
JPY | TDB | 25,000,000 | 06/11/2013 | 251,993 | 4,511 | |||||||||||||
JPY | UBS | 179,081,450 | 06/11/2013 | 1,803,184 | 34,218 | |||||||||||||
JPY | UBS | (167,611,785 | ) | 06/11/2013 | (1,763,989 | ) | 44,267 | |||||||||||
KRW | CITI | 975,585,150 | 06/11/2013 | 876,725 | 7,751 | |||||||||||||
KRW | CSFB | (975,585,150 | ) | 06/11/2013 | (869,986 | ) | (14,490 | ) | ||||||||||
MXN | WBC | (3,314,605 | ) | 06/11/2013 | (265,631 | ) | (6,403 | ) | ||||||||||
MYR | BNP | 2,786,850 | 06/11/2013 | 895,949 | 17,203 | |||||||||||||
NZD | CITI | 3,083 | 06/11/2013 | 2,623 | 11 | |||||||||||||
NZD | GSC | 1,597,299 | 06/11/2013 | 1,329,591 | 35,511 | |||||||||||||
NZD | RBC | 510,414 | 06/11/2013 | 421,606 | 14,610 | |||||||||||||
NZD | SSB | (311,062 | ) | 06/11/2013 | (260,259 | ) | (5,584 | ) | ||||||||||
PHP | DUB | 37,456,815 | 06/11/2013 | 917,272 | (8,817 | ) | ||||||||||||
RUB | CITI | (50,702,113 | ) | 06/11/2013 | (1,588,820 | ) | (27,769 | ) | ||||||||||
RUB | CSFB | 26,757,585 | 06/11/2013 | 859,019 | (5,878 | ) | ||||||||||||
RUB | CSFB | (56,183,014 | ) | 06/11/2013 | (1,768,207 | ) | (23,136 | ) | ||||||||||
SEK | GSC | (15,440,687 | ) | 06/11/2013 | (2,378,487 | ) | (1,729 | ) | ||||||||||
|
| |||||||||||||||||
$ | (1,410,960 | ) | ||||||||||||||||
|
|
FORWARD FOREIGN CROSS CURRENCY CONTRACTS: | ||||||||||||||||||
Currency | Counterparty | Contracts Bought (Sold) | Settlement Date | Amount in U.S. Dollars Bought (Sold) | Net Unrealized Appreciation (Depreciation) | |||||||||||||
GBP | UBS | 1,157,542 | 06/11/2013 | $ | 1,763,979 | $ | 33,597 | |||||||||||
EUR | UBS | (1,358,490 | ) | 06/11/2013 | (1,763,979 | ) | (25,573 | ) | ||||||||||
JPY | CSFB | 60,386,439 | 06/11/2013 | 646,052 | (26,478 | ) | ||||||||||||
EUR | CSFB | (502,731 | ) | 06/11/2013 | (646,052 | ) | (16,200 | ) | ||||||||||
EUR | DUB | 255,173 | 06/11/2013 | 327,999 | 8,143 | |||||||||||||
JPY | DUB | (31,723,850 | ) | 06/11/2013 | (327,999 | ) | 2,508 | |||||||||||
EUR | SSB | 1,262,697 | 06/11/2013 | 1,657,921 | 5,442 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 52
Transamerica International Bond
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
FORWARD FOREIGN CROSS CURRENCY CONTRACTS (continued): | ||||||||||||||||||
Currency | Counterparty | Contracts Bought (Sold) | Settlement Date | Amount in U.S. Dollars Bought (Sold) | Net Unrealized Appreciation (Depreciation) | |||||||||||||
GBP | SSB | (1,089,546 | ) | 06/11/2013 | $ | (1,657,921 | ) | $ | (34,062 | ) | ||||||||
CAD | SSB | 298,147 | 06/11/2013 | 290,606 | 5,041 | |||||||||||||
NZD | SSB | (344,210 | ) | 06/11/2013 | (290,606 | ) | (3,567 | ) | ||||||||||
NOK | UBS | 5,398,660 | 06/11/2013 | 915,252 | 19,470 | |||||||||||||
CAD | UBS | (934,968 | ) | 06/11/2013 | (915,252 | ) | (11,877 | ) | ||||||||||
GBP | DUB | 798,199 | 06/11/2013 | 1,232,420 | 7,123 | |||||||||||||
NZD | DUB | (1,455,524 | ) | 06/11/2013 | (1,232,420 | ) | (11,517 | ) | ||||||||||
|
| |||||||||||||||||
$ | (47,950 | ) | ||||||||||||||||
|
|
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 April 30, 2013:
Counterparty | Total Market Value of OTC Derivatives | Collateral (Received) Pledged | Net Exposures(1) | |||||||||
BCLY | $ | (490,305 | ) | $ | — | $ | (490,305 | ) | ||||
BNP | 11,969 | — | 11,969 | |||||||||
CITI | (6,023 | ) | — | (6,023 | ) | |||||||
CSFB | (74,501 | ) | — | (74,501 | ) | |||||||
DUB | (1,018,612 | ) | — | (1,018,612 | ) | |||||||
GSC | 57,529 | — | 57,529 | |||||||||
HSBC | 19,261 | — | 19,261 | |||||||||
MSC | (15,099 | ) | — | (15,099 | ) | |||||||
RBC | 14,610 | — | 14,610 | |||||||||
SSB | (23,468 | ) | — | (23,468 | ) | |||||||
TDB | 7,898 | — | 7,898 | |||||||||
UBS | 64,234 | — | 64,234 | |||||||||
WBC | (6,403 | ) | — | (6,403 | ) |
(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 Investment Securities | Value | ||||||
Foreign Government Obligations | 72.4 | % | $ | 126,612,411 | ||||
Commercial Banks | 17.2 | 30,129,969 | ||||||
Diversified Financial Services | 4.4 | 7,708,274 | ||||||
Mortgage-Backed Securities | 2.2 | 3,884,189 | ||||||
Insurance | 1.2 | 2,053,208 | ||||||
Asset-Backed Securities | 0.6 | 962,097 | ||||||
|
|
|
| |||||
Investment Securities, at Value | 98.0 | 171,350,148 | ||||||
Short-Term Investments | 2.0 | 3,446,118 | ||||||
|
|
|
| |||||
Total Investments | 100.0 | % | $ | 174,796,266 | ||||
|
|
|
|
NOTES TO SCHEDULE OF INVESTMENTS:
(A) | Floating or variable rate note. Rate is listed as of April 30, 2013. |
(B) | When-issued security. A conditional transaction in a security authorized for issuance, but not yet issued. |
(C) | Illiquid. Total aggregate market value of illiquid securities is $3,301,569, or 1.87% of the fund’s net assets. |
(D) | All or a portion of this security is on loan. The value of all securities on loan is $2,899,387. The amount of securities on loan indicated may not correspond with the securities on loan identified because securities with pending sales are in the process of recall from the brokers. |
(E) | Rate shown reflects the yield at April 30, 2013. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 53
Transamerica International Bond
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
NOTES TO SCHEDULE OF INVESTMENTS (continued):
(F) | Aggregate cost for federal income tax purposes is $170,532,000. Aggregate gross unrealized appreciation and depreciation for all securities in which there is an excess of value over tax cost were $8,583,827 and $4,319,561, respectively. Net unrealized appreciation for tax purposes is $4,264,266. |
(G) | Cash in the amount of $838,113 has been segregated by the custodian with the broker as collateral to cover margin requirements for open futures contracts. |
DEFINITIONS:
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 April 30, 2013, these securities aggregated $9,562,776 or 5.42% of the fund’s net assets. | |
BCLY | Barclays Bank PLC | |
BNP | BNP Paribas | |
CITI | Citigroup, Inc. | |
CSFB | Credit Suisse First Boston | |
DUB | Deutsche Bank AG | |
EMTN | European Medium Term Note | |
GSC | Goldman Sachs & Co. | |
HSBC | HSBC Bank USA | |
MSC | Morgan Stanley | |
OAT | Obligations Assimilables du Tresor (French: Treasury Obligations) | |
OFZ | Obligatsyi Federal’novo Zaima (Russian: Coupon-bearing Federal Loan Bonds) | |
OTC | Over the Counter | |
RBC | Royal Bank of Canada | |
Reg S | Security exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside the United States. Security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933. | |
SSB | State Street Bank & Trust Co. | |
TDB | Toronto Dominion Bank | |
UBS | UBS AG | |
WBC | Westpac Banking Corporation |
CURRENCY ABBREVIATIONS:
AUD | Australian Dollar | |
BRL | Brazilian Real | |
CAD | Canadian Dollar | |
CLP | Chilean Peso | |
CNY | Chinese Yuan Renminbi | |
DKK | Danish Krone | |
EUR | Euro | |
GBP | Pound Sterling | |
JPY | Japanese Yen | |
KRW | South Korean Won | |
MXN | Mexican Peso | |
MYR | Malaysian Ringgit | |
NOK | Norwegian Krone | |
NZD | New Zealand Dollar | |
PHP | Philippine Peso | |
RUB | Russian Ruble | |
SEK | Swedish Krona |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 54
Transamerica International Bond
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
VALUATION SUMMARY: (H)
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
ASSETS | ||||||||||||||||
Investment Securities | ||||||||||||||||
Foreign Government Obligations | $ | — | $ | 126,612,411 | $ | — | $ | 126,612,411 | ||||||||
Mortgage-Backed Securities | — | 3,884,189 | — | 3,884,189 | ||||||||||||
Asset-Backed Securities | — | 962,097 | — | 962,097 | ||||||||||||
Corporate Debt Securities | — | 39,891,451 | — | 39,891,451 | ||||||||||||
Securities Lending Collateral | 2,959,114 | — | — | 2,959,114 | ||||||||||||
Repurchase Agreement | — | 487,004 | — | 487,004 | ||||||||||||
Total Investment Securities | $ | 2,959,114 | $ | 171,837,152 | $ | — | $ | 174,796,266 | ||||||||
Derivative Financial Instruments | ||||||||||||||||
Forward Foreign Cross Currency Contracts (I) | $ | — | $ | 81,324 | $ | — | $ | 81,324 | ||||||||
Forward Foreign Currency Contracts (I) | — | 409,064 | — | 409,064 | ||||||||||||
Futures Contracts (I) | 310,469 | — | — | 310,469 | ||||||||||||
Total Derivative Financial Instruments | $ | 310,469 | $ | 490,388 | $ | — | $ | 800,857 | ||||||||
Other Assets (J) | ||||||||||||||||
Cash on Deposit with Broker | $ | 838,113 | $ | — | $ | — | $ | 838,113 | ||||||||
Foreign Currency | 3,993,235 | — | — | 3,993,235 | ||||||||||||
Total Other Assets | $ | 4,831,348 | $ | — | $ | — | $ | 4,831,348 | ||||||||
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
LIABILITIES | ||||||||||||||||
Derivative Financial Instruments | ||||||||||||||||
Forward Foreign Cross Currency Contracts (I) | $ | — | $ | (129,274 | ) | $ | — | $ | (129,274 | ) | ||||||
Forward Foreign Currency Contracts (I) | — | (1,820,024 | ) | — | (1,820,024 | ) | ||||||||||
Futures Contracts (I) | (457,713 | ) | — | — | (457,713 | ) | ||||||||||
Total Derivative Financial Instruments | $ | (457,713 | ) | $ | (1,949,298 | ) | $ | — | $ | (2,407,011 | ) | |||||
Other Liabilities (J) | ||||||||||||||||
Collateral for Securities on Loan | $ | — | $ | (2,959,114 | ) | $ | — | $ | (2,959,114 | ) | ||||||
Total Other Liabilities | $ | — | $ | (2,959,114 | ) | $ | — | $ | (2,959,114 | ) |
(H) | Transfers between levels are considered to have occurred at the end of the reporting period. There were no transfers between Levels 1 and 2 during the period ended April 30, 2013. See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
(I) | Other financial instruments are derivative instruments that are valued at unrealized appreciation (depreciation) on the instrument. |
(J) | Certain assets and liabilities are held at carrying amount or face value, which approximates fair value for financial reporting purposes. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 55
Transamerica International Equity
SCHEDULE OF INVESTMENTS
At April 30, 2013
(unaudited)
Shares | Value | |||||||
PREFERRED STOCK - 0.7% | ||||||||
Russian Federation - 0.7% | ||||||||
Sberbank of Russia, 4.56% (A) | 1,721,800 | $ 3,013,150 | ||||||
|
| |||||||
Total Preferred Stock (cost $3,931,309) | 3,013,150 | |||||||
|
| |||||||
COMMON STOCKS - 97.2% | ||||||||
Australia - 2.3% | ||||||||
APA Group | 629,100 | 4,245,745 | ||||||
Asciano, Ltd. | 555,000 | 3,106,990 | ||||||
Challenger Financial Services Group, Ltd. | 475,000 | 2,068,217 | ||||||
Canada - 0.8% | ||||||||
Barrick Gold Corp. | 164,600 | 3,244,782 | ||||||
Denmark - 1.0% | ||||||||
Carlsberg AS - Class B | 45,547 | 4,227,968 | ||||||
France - 9.0% | ||||||||
Arkema SA | 53,294 | 4,993,001 | ||||||
Cie Generale des Etablissements Michelin - Class B | 49,591 | 4,188,259 | ||||||
Etablissements Maurel et Prom | 129,509 | 2,202,743 | ||||||
Euler Hermes SA | 44,163 | 4,216,635 | ||||||
Lagardere SCA | 127,900 | 4,753,319 | ||||||
Sanofi | 57,800 | 6,334,685 | ||||||
Vinci SA | 106,000 | 5,103,657 | ||||||
Vivendi SA | 204,683 | 4,636,387 | ||||||
Germany - 5.6% | ||||||||
Adidas AG (B) | 31,000 | 3,237,459 | ||||||
Allianz SE - Class A (B) | 40,900 | 6,035,380 | ||||||
Bayer AG (B) | 28,565 | 2,980,153 | ||||||
Siemens AG - Class A | 71,700 | 7,487,930 | ||||||
TUI AG (C) | 270,800 | 2,869,446 | ||||||
Hong Kong - 5.1% | ||||||||
First Pacific Co., Ltd. | 3,584,100 | 4,969,610 | ||||||
Guangdong Investment, Ltd. (B) | 5,686,600 | 5,481,307 | ||||||
HSBC Holdings PLC | 599,824 | 6,531,462 | ||||||
SJM Holdings, Ltd. | 1,440,000 | 3,648,177 | ||||||
Ireland - 2.7% | ||||||||
Ryanair Holdings PLC - ADR | 124,600 | 5,400,164 | ||||||
Smurfit Kappa Group PLC | 365,000 | 5,417,342 | ||||||
Israel - 1.1% | ||||||||
Teva Pharmaceutical Industries, Ltd. - ADR | 121,300 | 4,644,577 | ||||||
Italy - 3.9% | ||||||||
ENI SpA - Class B | 259,300 | 6,201,372 | ||||||
Exor SpA | 126,300 | 3,825,610 | ||||||
Pirelli & C. SpA (B) | 214,000 | 2,222,209 | ||||||
Prysmian SpA | 176,394 | 3,561,192 | ||||||
Japan - 19.8% | ||||||||
Air Water, Inc. (B) | 318,800 | 5,150,639 | ||||||
Aisin Seiki Co., Ltd. | 142,900 | 5,152,521 | ||||||
Daito Trust Construction Co., Ltd. | 28,400 | 2,750,126 | ||||||
Fukuoka Financial Group, Inc. - Class A | 973,300 | 4,972,082 | ||||||
Hitachi, Ltd. | 1,351,300 | 8,621,928 | ||||||
Kintetsu World Express, Inc. | 101,100 | 3,634,975 | ||||||
Kirin Holdings Co., Ltd. | 417,600 | 7,312,337 | ||||||
Komatsu, Ltd. | 129,400 | 3,529,513 | ||||||
Kuraray Co., Ltd. | 376,000 | 5,704,508 | ||||||
Mitsubishi Corp. | 260,300 | 4,667,430 | ||||||
Nippon Telegraph & Telephone Corp. | 131,500 | 6,508,566 | ||||||
Nitori Holdings Co., Ltd. | 69,700 | 5,247,966 | ||||||
ORIX Corp. (B) | 604,000 | 9,268,954 | ||||||
Sony Corp. | 228,900 | 3,787,410 |
Shares | Value | |||||||
Japan (continued) | ||||||||
USS Co., Ltd. - REIT | 30,680 | $ 3,930,791 | ||||||
Korea, Republic of - 2.3% | ||||||||
Kangwon Land, Inc. | 195,000 | 5,515,527 | ||||||
SK Telecom Co., Ltd. | 22,500 | 3,953,283 | ||||||
Malaysia - 0.8% | ||||||||
UMW Holdings Bhd | 718,700 | 3,377,949 | ||||||
Netherlands - 4.0% | ||||||||
Delta Lloyd NV | 63,100 | 1,209,099 | ||||||
Heineken Holding NV - Class A (B) | 42,200 | 2,537,568 | ||||||
Koninklijke Boskalis Westminster NV | 87,300 | 3,635,919 | ||||||
Koninklijke Philips Electronics NV | 208,800 | 5,766,315 | ||||||
Wolters Kluwer NV (B) | 130,600 | 2,889,495 | ||||||
Singapore - 2.0% | ||||||||
Noble Group, Ltd. | 4,293,000 | 3,921,105 | ||||||
SIA Engineering Co., Ltd. | 1,021,400 | 4,196,057 | ||||||
Spain - 1.5% | ||||||||
Amadeus IT Holding SA - Class A (B) | 200,800 | 5,927,505 | ||||||
Sweden - 5.8% | ||||||||
Investment AB Kinnevik - Class B | 175,500 | 4,584,466 | ||||||
Investor AB - Class B | 211,800 | 6,241,859 | ||||||
Saab AB - Class B | 135,293 | 2,968,449 | ||||||
Svenska Cellulosa AB - Class B | 188,830 | 4,903,540 | ||||||
Telefonaktiebolaget LM Ericsson - Class B | 391,000 | 4,880,675 | ||||||
Switzerland - 6.6% | ||||||||
Aryzta AG (C) | 74,700 | 4,635,610 | ||||||
GAM Holding AG | 267,600 | 4,719,983 | ||||||
Lonza Group AG | 17,913 | 1,247,437 | ||||||
Nestle SA | 62,200 | 4,441,901 | ||||||
Novartis AG | 106,800 | 7,931,318 | ||||||
Zurich Insurance Group AG (C) | 13,900 | 3,880,878 | ||||||
Thailand - 0.7% | ||||||||
Bangkok Bank PCL | 390,200 | 3,004,606 | ||||||
United Kingdom - 18.8% | ||||||||
AstraZeneca PLC | 52,700 | 2,736,222 | ||||||
BHP Billiton PLC - ADR (B) | 85,069 | 4,808,951 | ||||||
BP PLC - ADR (B) | 117,000 | 5,101,200 | ||||||
British Sky Broadcasting Group PLC | 343,300 | 4,500,756 | ||||||
Imperial Tobacco Group PLC | 126,400 | 4,515,898 | ||||||
Inchcape PLC | 639,600 | 4,977,548 | ||||||
Inmarsat PLC | 189,400 | 2,125,627 | ||||||
Johnson Matthey PLC | 135,545 | 5,103,703 | ||||||
Kingfisher PLC | 1,088,100 | 5,292,016 | ||||||
National Grid PLC - Class B | 429,600 | 5,468,680 | ||||||
Resolution, Ltd. | 1,045,200 | 4,284,578 | ||||||
Rexam PLC | 571,441 | 4,584,701 | ||||||
Royal Dutch Shell PLC - Class A | 150,600 | 5,127,844 | ||||||
Unilever PLC | 188,500 | 8,157,587 | ||||||
Vodafone Group PLC | 2,403,600 | 7,325,385 | ||||||
WPP PLC - Class A | 144,800 | 2,393,203 | ||||||
United States - 3.4% | ||||||||
Flextronics International, Ltd. (C) | 586,605 | 4,194,226 | ||||||
Noble Corp. | 177,500 | 6,656,250 | ||||||
Open Text Corp. (B) (C) | 42,271 | 2,764,100 | ||||||
|
| |||||||
Total Common Stocks (cost $341,926,653) | 394,564,543 | |||||||
|
| |||||||
SECURITIES LENDING COLLATERAL - 4.9% |
| |||||||
State Street Navigator Securities Lending Trust - Prime Portfolio, 0.18% (A) | 19,889,908 | 19,889,908 | ||||||
|
| |||||||
Total Securities Lending Collateral (cost $19,889,908) |
| 19,889,908 | ||||||
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 56
Transamerica International Equity
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Principal | Value | |||||||
REPURCHASE AGREEMENT - 2.3% | ||||||||
State Street Bank & Trust Co. | $ 9,356,271 | $ 9,356,271 | ||||||
|
| |||||||
Total Repurchase Agreement (cost $9,356,271) |
| 9,356,271 | ||||||
|
| |||||||
Total Investment Securities (cost $375,104,141) (D) |
| 426,823,872 | ||||||
Other Assets and Liabilities - Net | (20,712,327 | ) | ||||||
|
| |||||||
Net Assets | $ 406,111,545 | |||||||
|
|
INVESTMENTS BY INDUSTRY: | Percentage of Total Investment Securities | Value | ||||||
Pharmaceuticals | 5.8 | % | $ | 24,626,955 | ||||
Diversified Financial Services | 5.1 | 21,689,762 | ||||||
Chemicals | 4.9 | 20,951,851 | ||||||
Insurance | 4.6 | 19,626,570 | ||||||
Media | 4.5 | 19,173,160 | ||||||
Oil, Gas & Consumable Fuels | 4.4 | 18,633,159 | ||||||
Commercial Banks | 4.1 | 17,521,300 | ||||||
Food Products | 4.0 | 17,235,098 | ||||||
Specialty Retail | 3.4 | 14,470,773 | ||||||
Beverages | 3.3 | 14,077,873 | ||||||
Industrial Conglomerates | 3.1 | 13,254,245 | ||||||
Electronic Equipment & Instruments | 3.0 | 12,816,154 | ||||||
Hotels, Restaurants & Leisure | 2.8 | 12,033,150 | ||||||
Auto Components | 2.7 | 11,562,989 | ||||||
Wireless Telecommunication Services | 2.6 | 11,278,668 | ||||||
Containers & Packaging | 2.3 | 10,002,043 | ||||||
Consumer Finance | 2.2 | 9,268,954 | ||||||
Construction & Engineering | 2.0 | 8,739,576 | ||||||
Diversified Telecommunication Services | 2.0 | 8,634,193 | ||||||
Trading Companies & Distributors | 2.0 | 8,588,535 | ||||||
Metals & Mining | 1.9 | 8,053,733 | ||||||
Energy Equipment & Services | 1.6 | 6,656,250 | ||||||
IT Services | 1.4 | 5,927,505 | ||||||
Water Utilities | 1.3 | 5,481,307 | ||||||
Multi-Utilities | 1.3 | 5,468,680 | ||||||
Airlines | 1.3 | 5,400,164 | ||||||
Distributors | 1.2 | 4,977,548 | ||||||
Household Products | 1.1 | 4,903,540 | ||||||
Communications Equipment | 1.1 | 4,880,675 | ||||||
Capital Markets | 1.1 | 4,719,983 | ||||||
Tobacco | 1.1 | 4,515,898 | ||||||
Gas Utilities | 1.0 | 4,245,745 | ||||||
Transportation Infrastructure | 1.0 | 4,196,057 | ||||||
Household Durables | 0.9 | 3,787,410 | ||||||
Air Freight & Logistics | 0.9 | 3,634,975 | ||||||
Electrical Equipment | 0.8 | 3,561,192 | ||||||
Machinery | 0.8 | 3,529,513 | ||||||
Automobiles | 0.8 | 3,377,949 | ||||||
Textiles, Apparel & Luxury Goods | 0.8 | 3,237,459 | ||||||
Road & Rail | 0.7 | 3,106,990 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 57
Transamerica International Equity
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
INVESTMENTS BY INDUSTRY (continued): | Percentage of Total Investment Securities | Value | ||||||
Aerospace & Defense | 0.7 | % | $ | 2,968,449 | ||||
Internet Software & Services | 0.6 | 2,764,100 | ||||||
Real Estate Management & Development | 0.6 | 2,750,126 | ||||||
Life Sciences Tools & Services | 0.3 | 1,247,437 | ||||||
|
|
|
| |||||
Investment Securities, at Value | 93.1 | 397,577,693 | ||||||
Short-Term Investments | 6.9 | 29,246,179 | ||||||
|
|
|
| |||||
Total Investments | 100.0 | % | $ | 426,823,872 | ||||
|
|
|
|
NOTES TO SCHEDULE OF INVESTMENTS:
(A) | Rate shown reflects the yield at April 30, 2013. |
(B) | All or a portion of this security is on loan. The value of all securities on loan is $18,904,970. The amount of securities on loan indicated may not correspond with the securities on loan identified because securities with pending sales are in the process of recall from the brokers. |
(C) | Non-income producing security. |
(D) | Aggregate cost for federal income tax purposes is $375,104,141. Aggregate gross unrealized appreciation and depreciation for all securities in which there is an excess of value over tax cost were $59,014,965 and $7,295,234, respectively. Net unrealized appreciation for tax purposes is $51,719,731. |
DEFINITIONS:
ADR | American Depositary Receipt | |
REIT | Real Estate Investment Trust (includes domestic REITs and Foreign Real Estate Investment Companies) |
VALUATION SUMMARY: (E)
Level 1 Quoted Prices | Level 2 Other | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
ASSETS | ||||||||||||||||
Investment Securities | ||||||||||||||||
Preferred Stock | $ | 3,013,150 | $ | — | $ | — | $ | 3,013,150 | ||||||||
Common Stocks | 36,814,250 | 357,750,293 | — | 394,564,543 | ||||||||||||
Securities Lending Collateral | 19,889,908 | — | — | 19,889,908 | ||||||||||||
Repurchase Agreement | — | 9,356,271 | — | 9,356,271 | ||||||||||||
Total Investment Securities | $ | 59,717,308 | $ | 367,106,564 | $ | — | $ | 426,823,872 | ||||||||
Other Assets (F) | ||||||||||||||||
Foreign Currency | $ | 1,338,698 | $ | — | $ | — | $ | 1,338,698 | ||||||||
Total Other Assets | $ | 1,338,698 | $ | — | $ | — | $ | 1,338,698 | ||||||||
Level 1 Quoted Prices | Level 2 Other | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
LIABILITIES | ||||||||||||||||
Other Liabilities (F) | ||||||||||||||||
Collateral for Securities on Loan | $ | — | $ | (19,889,908 | ) | $ | — | $ | (19,889,908 | ) | ||||||
Total Other Liabilities | $ | — | $ | (19,889,908 | ) | $ | — | $ | (19,889,908 | ) |
(E) | Transfers between levels are considered to have occurred at the end of the reporting period. There were no transfers between Levels 1 and 2 during the period ended April 30, 2013. See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
(F) | Certain assets and liabilities are held at carrying amount or face value, which approximates fair value for financial reporting purposes. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 58
Transamerica International Small Cap Value
SCHEDULE OF INVESTMENTS
At April 30, 2013
(unaudited)
Shares | Value | |||||||
PREFERRED STOCK - 1.2% | ||||||||
Germany - 1.2% | ||||||||
Sartorius AG, 1.18% (A) | 18,000 | $ 1,931,255 | ||||||
|
| |||||||
Total Preferred Stock (cost $1,795,623) |
| 1,931,255 | ||||||
|
| |||||||
COMMON STOCKS - 96.5% | ||||||||
Australia - 7.1% | ||||||||
APA Group | 345,500 | 2,331,751 | ||||||
Ausdrill, Ltd. | 273,700 | 429,874 | ||||||
FlexiGroup, Ltd. | 411,900 | 1,793,471 | ||||||
Kathmandu Holdings, Ltd. | 769,400 | 1,499,558 | ||||||
OrotonGroup, Ltd. | 137,500 | 1,000,675 | ||||||
Programmed Maintenance Services, Ltd. | 311,600 | 778,516 | ||||||
Reject Shop, Ltd. (B) | 113,900 | 2,099,465 | ||||||
STW Communications Group, Ltd. | 963,300 | 1,448,047 | ||||||
Austria - 1.8% | ||||||||
Kapsch TrafficCom AG | 21,500 | 1,056,128 | ||||||
Lenzing AG (B) | 22,300 | 1,844,604 | ||||||
Belgium - 1.6% | ||||||||
Barco NV | 18,000 | 1,601,280 | ||||||
CIE d’Entreprises CFE | 15,100 | 918,731 | ||||||
Canada - 3.3% | ||||||||
Ithaca Energy, Inc. (C) | 1,143,000 | 1,872,004 | ||||||
Newalta Corp. | 152,500 | 2,099,533 | ||||||
TransGlobe Energy Corp. (C) | 167,200 | 1,324,389 | ||||||
Finland - 2.1% | ||||||||
Ramirent OYJ | 192,881 | 1,910,191 | ||||||
Tieto OYJ (B) | 66,900 | 1,432,571 | ||||||
France - 4.7% | ||||||||
Boiron SA | 18,300 | 1,037,031 | ||||||
Cegid Group | 30,000 | 610,406 | ||||||
Etablissements Maurel et Prom | 106,900 | 1,818,200 | ||||||
Lagardere SCA | 54,200 | 2,014,307 | ||||||
Societe BIC SA | 9,900 | 1,056,454 | ||||||
Sopra Group SA | 13,500 | 1,039,173 | ||||||
Germany - 4.3% | ||||||||
Bertrandt AG | 13,800 | 1,587,310 | ||||||
Gerresheimer AG | 46,900 | 2,677,820 | ||||||
Rheinmetall AG | 23,000 | 1,089,375 | ||||||
TUI AG (C) | 142,300 | 1,507,837 | ||||||
Hong Kong - 4.5% | ||||||||
AMVIG Holdings, Ltd. | 1,684,000 | 651,018 | ||||||
First Pacific Co., Ltd. | 2,916,000 | 4,043,241 | ||||||
Midland Holdings, Ltd. | 2,674,000 | 1,233,600 | ||||||
Pacific Textile Holdings, Ltd. | 1,005,000 | 1,240,685 | ||||||
Ireland - 2.6% | ||||||||
Dragon Oil PLC | 149,800 | 1,472,939 | ||||||
Smurfit Kappa Group PLC | 183,100 | 2,717,576 | ||||||
Israel - 0.8% | ||||||||
Israel Discount Bank, Ltd. - Class A (C) | 747,100 | 1,253,086 | ||||||
Italy - 3.9% | ||||||||
Ansaldo STS SpA | 162,700 | 1,678,789 | ||||||
Danieli & C Officine Meccaniche SpA - Class B | 85,300 | 1,427,789 | ||||||
Pirelli & C. SpA (B) | 153,100 | 1,589,814 | ||||||
Prysmian SpA | 75,500 | 1,524,258 | ||||||
Japan - 24.3% | ||||||||
Air Water, Inc. (B) | 130,500 | 2,108,401 | ||||||
Arcs Co., Ltd. | 40,900 | 810,574 | ||||||
Avex Group Holdings, Inc. | 59,200 | 1,690,040 |
Shares | Value | |||||||
Japan (continued) | ||||||||
Chugoku Marine Paints, Ltd. | 275,000 | $ 1,385,085 | ||||||
Daiichikosho Co., Ltd. | 54,000 | 1,605,847 | ||||||
Fujimi, Inc. | 113,700 | 1,519,732 | ||||||
HIS Co., Ltd. | 37,900 | 1,632,867 | ||||||
Hoshizaki Electric Co., Ltd. | 54,400 | 1,810,822 | ||||||
Kaken Pharmaceutical Co., Ltd. (B) | 134,400 | 2,383,727 | ||||||
Kintetsu World Express, Inc. (B) | 67,000 | 2,408,935 | ||||||
Miraca Holdings, Inc. (B) | 31,100 | 1,550,454 | ||||||
Nakanishi, Inc. | 11,800 | 1,510,632 | ||||||
Nitori Holdings Co., Ltd. | 35,500 | 2,672,924 | ||||||
PanaHome Corp. (B) | 185,500 | 1,459,491 | ||||||
Point, Inc. (B) | 22,600 | 1,098,877 | ||||||
Rohto Pharmaceutical (B) | 194,000 | 2,722,388 | ||||||
Ryohin Keikaku Co., Ltd. (B) | 19,700 | 1,859,158 | ||||||
SKY Perfect JSAT Holdings, Inc. (B) | 6,300 | 3,166,641 | ||||||
Sogo Medical Co., Ltd. | 21,700 | 956,060 | ||||||
Toho Holdings Co., Ltd. | 51,100 | 1,169,453 | ||||||
USS Co., Ltd. - REIT | 24,600 | 3,151,808 | ||||||
Netherlands - 6.2% | ||||||||
BE Semiconductor Industries NV | 147,200 | 1,376,371 | ||||||
BinckBank NV (B) | 223,000 | 1,708,924 | ||||||
CSM | 84,100 | 1,881,737 | ||||||
Delta Lloyd NV | 141,100 | 2,703,706 | ||||||
Koninklijke Boskalis Westminster NV | 54,600 | 2,274,011 | ||||||
Norway - 1.5% | ||||||||
ABG Sundal Collier Holding ASA | 1,254,000 | 913,344 | ||||||
Norwegian Property ASA (B) | 1,007,600 | 1,413,593 | ||||||
Philippines - 1.4% | ||||||||
Alliance Global Group, Inc. | 3,838,000 | 2,209,927 | ||||||
Singapore - 2.2% | ||||||||
ARA Asset Management, Ltd. - 144A, Reg S | 1,049,300 | 1,614,373 | ||||||
CWT, Ltd. | 1,407,000 | 1,936,239 | ||||||
Sweden - 1.8% | ||||||||
Dios Fastigheter AB | 226,039 | 1,391,589 | ||||||
Loomis AB - REIT | 74,003 | 1,441,568 | ||||||
Switzerland - 4.9% | ||||||||
Aryzta AG (C) | 22,500 | 1,396,268 | ||||||
GAM Holding AG (C) | 263,390 | 4,645,726 | ||||||
Lonza Group AG (C) | 13,900 | 967,977 | ||||||
PubliGroupe AG | 5,100 | 740,482 | ||||||
United Kingdom - 16.0% | ||||||||
Beazley PLC | 384,500 | 1,340,856 | ||||||
Berendsen PLC | 156,700 | 1,882,776 | ||||||
Cape PLC | 258,700 | 1,198,522 | ||||||
Catlin Group, Ltd. | 195,000 | 1,591,756 | ||||||
Clarkson PLC | 2,894 | 73,275 | ||||||
Consort Medical PLC | 66,900 | 831,353 | ||||||
Dart Group PLC | 204,000 | 513,351 | ||||||
Etalon Group, Ltd. - GDR, Reg S (C) | 288,400 | 1,240,120 | ||||||
Greene King PLC | 59,800 | 675,313 | ||||||
Inchcape PLC | 410,700 | 3,196,183 | ||||||
Inmarsat PLC | 134,000 | 1,503,876 | ||||||
International Personal Finance | 367,600 | 2,912,158 | ||||||
Lancashire Holdings, Ltd. | 99,800 | 1,312,281 | ||||||
Marston’s PLC | 311,900 | 701,541 | ||||||
Northgate PLC | 510,300 | 2,687,166 | ||||||
Rexam PLC | 321,580 | 2,580,053 | ||||||
SDL PLC | 69,800 | 394,554 | ||||||
Shanks Group PLC | 750,000 | 952,398 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 59
Transamerica International Small Cap Value
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Shares | Value | |||||||
United States - 1.5% | ||||||||
AerCap Holdings NV (C) | 146,400 | $ 2,323,368 | ||||||
|
| |||||||
Total Common Stocks (cost $145,204,179) |
| 153,912,147 | ||||||
|
| |||||||
SECURITIES LENDING COLLATERAL - 5.3% |
| |||||||
State Street Navigator Securities Lending Trust - Prime Portfolio, 0.18% (A) | 8,366,353 | 8,366,353 | ||||||
|
| |||||||
Total Securities Lending Collateral (cost $8,366,353) |
| 8,366,353 | ||||||
|
| |||||||
Principal | Value | |||||||
REPURCHASE AGREEMENT - 1.8% | ||||||||
State Street Bank & Trust Co. | $ 2,940,545 | 2,940,545 | ||||||
|
| |||||||
Total Repurchase Agreement (cost $2,940,545) |
| 2,940,545 | ||||||
|
| |||||||
Total Investment Securities (cost $158,306,700) (D) |
| 167,150,300 | ||||||
Other Assets and Liabilities - Net | (7,705,121 | ) | ||||||
|
| |||||||
Net Assets | $ 159,445,179 | |||||||
|
|
INVESTMENTS BY INDUSTRY: | Percentage of Total Investment Securities | Value | ||||||
Media | 6.4 | % | $ | 10,665,364 | ||||
Specialty Retail | 5.6 | 9,423,842 | ||||||
Commercial Services & Supplies | 5.6 | 9,409,767 | ||||||
Capital Markets | 5.3 | 8,882,367 | ||||||
Insurance | 4.2 | 6,948,599 | ||||||
Chemicals | 4.1 | 6,857,822 | ||||||
Oil, Gas & Consumable Fuels | 3.9 | 6,487,532 | ||||||
Pharmaceuticals | 3.7 | 6,143,146 | ||||||
Containers & Packaging | 3.6 | 5,948,647 | ||||||
Real Estate Management & Development | 3.2 | 5,278,902 | ||||||
Consumer Finance | 2.8 | 4,705,629 | ||||||
Hotels, Restaurants & Leisure | 2.7 | 4,517,558 | ||||||
Air Freight & Logistics | 2.6 | 4,345,174 | ||||||
Health Care Equipment & Supplies | 2.6 | 4,273,240 | ||||||
Trading Companies & Distributors | 2.5 | 4,233,559 | ||||||
Diversified Financial Services | 2.4 | 4,043,241 | ||||||
Multiline Retail | 2.4 | 3,958,623 | ||||||
Life Sciences Tools & Services | 2.2 | 3,645,797 | ||||||
Construction & Engineering | 2.2 | 3,622,616 | ||||||
Industrial Conglomerates | 2.0 | 3,299,302 | ||||||
Food Products | 2.0 | 3,278,005 | ||||||
Machinery | 1.9 | 3,238,611 | ||||||
Distributors | 1.9 | 3,196,183 | ||||||
Health Care Providers & Services | 1.6 | 2,719,907 | ||||||
Road & Rail | 1.6 | 2,687,166 | ||||||
Electronic Equipment & Instruments | 1.6 | 2,657,408 | ||||||
IT Services | 1.5 | 2,471,744 | ||||||
Gas Utilities | 1.4 | 2,331,751 | ||||||
Food & Staples Retailing | 1.1 | 1,766,634 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 60
Transamerica International Small Cap Value
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
INVESTMENTS BY INDUSTRY (continued): | Percentage of Total Investment Securities | Value | ||||||
Transportation Infrastructure | 1.0 | % | $ | 1,678,789 | ||||
Auto Components | 0.9 | 1,589,814 | ||||||
Professional Services | 0.9 | 1,587,310 | ||||||
Electrical Equipment | 0.9 | 1,524,258 | ||||||
Diversified Telecommunication Services | 0.9 | 1,503,876 | ||||||
Household Durables | 0.9 | 1,459,491 | ||||||
Semiconductors & Semiconductor Equipment | 0.8 | 1,376,371 | ||||||
Commercial Banks | 0.7 | 1,253,086 | ||||||
Textiles, Apparel & Luxury Goods | 0.7 | 1,240,685 | ||||||
Software | 0.6 | 1,004,960 | ||||||
Airlines | 0.3 | 513,351 | ||||||
Marine | 0.0 | (E) | 73,275 | |||||
|
|
|
| |||||
Investment Securities, at Value | 93.2 | 155,843,402 | ||||||
Short-Term Investments | 6.8 | 11,306,898 | ||||||
|
|
|
| |||||
Total Investments | 100.0 | % | $ | 167,150,300 | ||||
|
|
|
|
NOTES TO SCHEDULE OF INVESTMENTS:
(A) | Rate shown reflects the yield at April 30, 2013. |
(B) | All or a portion of this security is on loan. The value of all securities on loan is $7,962,391. The amount of securities on loan indicated may not correspond with the securities on loan identified because securities with pending sales are in the process of recall from the brokers. |
(C) | Non-income producing security. |
(D) | Aggregate cost for federal income tax purposes is $158,306,700. Aggregate gross unrealized appreciation and depreciation for all securities in which there is an excess of value over tax cost were $13,208,022 and $4,364,422, respectively. Net unrealized appreciation for tax purposes is $8,843,600. |
(E) | Percentage rounds to less than 0.1%. |
DEFINITIONS :
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 April 30, 2013, these securities aggregated $1,614,373 or 1.01% of the fund’s net assets. | |
GDR | Global Depositary Receipt | |
Reg S | Security exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside the United States. Security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933. | |
REIT | Real Estate Investment Trust (includes domestic REITs and Foreign Real Estate Investment Companies) |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 61
Transamerica International Small Cap Value
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
VALUATION SUMMARY: (F)
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
ASSETS | ||||||||||||||||
Investment Securities | ||||||||||||||||
Preferred Stock | $ | — | $ | 1,931,255 | $ | — | $ | 1,931,255 | ||||||||
Common Stocks | 8,859,414 | 145,052,733 | — | 153,912,147 | ||||||||||||
Securities Lending Collateral | 8,366,353 | — | — | 8,366,353 | ||||||||||||
Repurchase Agreement | — | 2,940,545 | — | 2,940,545 | ||||||||||||
Total Investment Securities | $ | 17,225,767 | $ | 149,924,533 | $ | — | $ | 167,150,300 | ||||||||
Other Assets (G) | ||||||||||||||||
Foreign Currency | $ | 45,522 | $ | — | $ | — | $ | 45,522 | ||||||||
Total Other Assets | $ | 45,522 | $ | — | $ | — | $ | 45,522 | ||||||||
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
LIABILITIES | ||||||||||||||||
Other Liabilities (G) | ||||||||||||||||
Collateral for Securities on Loan | $ | — | $ | (8,366,353 | ) | $ | — | $ | (8,366,353 | ) | ||||||
Total Other Liabilities | $ | — | $ | (8,366,353 | ) | $ | — | $ | (8,366,353 | ) |
(F) | Transfers between levels are considered to have occurred at the end of the reporting period. There were no transfers between Levels 1 and 2 during the period ended April 30, 2013. See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
(G) | Certain assets and liabilities are held at carrying amount or face value, which approximates fair value for financial reporting purposes. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 62
Transamerica Large Cap Growth
SCHEDULE OF INVESTMENTS
At April 30, 2013
(unaudited)
Shares | Value | |||||||
COMMON STOCKS - 98.5% | ||||||||
Aerospace & Defense - 3.8% | ||||||||
Honeywell International, Inc. | 51,034 | $ 3,753,041 | ||||||
United Technologies Corp. | 45,349 | 4,139,910 | ||||||
Airlines - 0.6% | ||||||||
Delta Air Lines, Inc. (A) | 71,345 | 1,222,853 | ||||||
Beverages - 3.6% | ||||||||
Coca-Cola Co. (B) | 178,839 | 7,570,255 | ||||||
Biotechnology - 4.2% | ||||||||
Biogen IDEC, Inc. (A) | 20,385 | 4,462,888 | ||||||
Celgene Corp. (A) | 36,159 | 4,269,293 | ||||||
Capital Markets - 1.4% | ||||||||
BlackRock, Inc. - Class A (B) | 10,647 | 2,837,425 | ||||||
Chemicals - 3.2% | ||||||||
Eastman Chemical Co. | 45,693 | 3,045,439 | ||||||
Monsanto Co. | 33,170 | 3,543,219 | ||||||
Commercial Services & Supplies - 2.1% | ||||||||
ADT Corp. (A) (B) | 14,540 | 634,526 | ||||||
Stericycle, Inc. (A) (B) | 21,907 | 2,372,966 | ||||||
Tyco International, Ltd. | 40,025 | 1,285,603 | ||||||
Communications Equipment - 1.7% | ||||||||
F5 Networks, Inc. - Class B (A) (B) | 21,084 | 1,611,450 | ||||||
QUALCOMM, Inc. | 31,200 | 1,922,544 | ||||||
Computers & Peripherals - 6.8% | ||||||||
Apple, Inc. | 25,369 | 11,232,125 | ||||||
EMC Corp. (A) | 130,899 | 2,936,064 | ||||||
Construction & Engineering - 0.8% | ||||||||
Fluor Corp. | 28,237 | 1,608,944 | ||||||
Consumer Finance - 1.3% | ||||||||
American Express Co. | 18,835 | 1,288,503 | ||||||
Discover Financial Services | 35,095 | 1,535,055 | ||||||
Containers & Packaging - 1.5% | ||||||||
Ball Corp. (B) | 70,030 | 3,089,724 | ||||||
Diversified Financial Services - 0.5% | ||||||||
NASDAQ OMX Group, Inc. | 38,182 | 1,125,605 | ||||||
Diversified Telecommunication Services - 2.1% |
| |||||||
Verizon Communications, Inc. (B) | 80,254 | 4,326,493 | ||||||
Energy Equipment & Services - 3.4% | ||||||||
Cameron International Corp. (A) (B) | 45,277 | 2,786,800 | ||||||
FMC Technologies, Inc. (A) (B) | 19,854 | 1,078,072 | ||||||
Halliburton Co. | 74,742 | 3,196,715 | ||||||
Food & Staples Retailing - 2.0% | ||||||||
Costco Wholesale Corp. | 39,116 | 4,241,348 | ||||||
Food Products - 1.3% | ||||||||
ConAgra Foods, Inc. | 76,035 | 2,689,358 | ||||||
Health Care Equipment & Supplies - 3.3% | ||||||||
Abbott Laboratories | 101,437 | 3,745,054 | ||||||
Covidien PLC | 47,561 | 3,036,294 | ||||||
Health Care Providers & Services - 2.4% | ||||||||
Express Scripts Holding Co. (A) | 62,269 | 3,696,911 | ||||||
UnitedHealth Group, Inc. | 20,983 | 1,257,511 | ||||||
Hotels, Restaurants & Leisure - 4.8% | ||||||||
Brinker International, Inc. (B) | 73,039 | 2,841,217 | ||||||
Las Vegas Sands Corp. | 76,810 | 4,320,563 | ||||||
Marriott International, Inc. - Class A (B) | 63,754 | 2,745,247 | ||||||
Industrial Conglomerates - 1.5% | ||||||||
Danaher Corp. (B) | 50,563 | 3,081,309 | ||||||
Insurance - 0.7% | ||||||||
ACE, Ltd. | 15,848 | 1,412,691 |
Shares | Value | |||||||
Internet & Catalog Retail - 2.3% | ||||||||
Amazon.com, Inc. (A) | 19,142 | $ 4,858,431 | ||||||
Internet Software & Services - 3.7% | ||||||||
eBay, Inc. (A) | 84,865 | 4,446,077 | ||||||
Google, Inc. - Class A (A) | 4,050 | 3,339,509 | ||||||
IT Services - 6.6% | ||||||||
Accenture PLC - Class A | 38,219 | 3,112,555 | ||||||
International Business Machines Corp. | 18,812 | 3,810,182 | ||||||
Mastercard, Inc. - Class A | 9,550 | 5,280,482 | ||||||
Teradata Corp. (A) | 28,867 | 1,474,238 | ||||||
Life Sciences Tools & Services - 1.1% | ||||||||
Agilent Technologies, Inc. | 55,891 | 2,316,123 | ||||||
Machinery - 1.7% | ||||||||
Cummins, Inc. | 28,110 | 2,990,623 | ||||||
Pentair, Ltd. | 9,540 | 518,499 | ||||||
Media - 4.0% | ||||||||
Comcast Corp. - Class A | 118,340 | 4,887,442 | ||||||
DIRECTV (A) | 61,468 | 3,476,630 | ||||||
Oil, Gas & Consumable Fuels - 1.4% | ||||||||
Marathon Oil Corp. | 45,074 | 1,472,567 | ||||||
Pioneer Natural Resources Co. (B) | 11,947 | 1,460,282 | ||||||
Personal Products - 0.7% | ||||||||
Herbalife, Ltd. (B) | 36,229 | 1,438,654 | ||||||
Pharmaceuticals - 1.7% | ||||||||
Allergan, Inc. (B) | 30,806 | 3,498,021 | ||||||
Road & Rail - 2.4% | ||||||||
JB Hunt Transport Services, Inc. (B) | 28,125 | 1,998,844 | ||||||
Union Pacific Corp. | 20,025 | 2,962,899 | ||||||
Semiconductors & Semiconductor Equipment - 1.4% |
| |||||||
Broadcom Corp. - Class A | 81,560 | 2,936,160 | ||||||
Software - 7.5% | ||||||||
Intuit, Inc. (B) | 33,295 | 1,985,714 | ||||||
Microsoft Corp. | 150,265 | 4,973,771 | ||||||
Oracle Corp. | 211,833 | 6,943,886 | ||||||
VMware, Inc. - Class A (A) (B) | 25,811 | 1,819,676 | ||||||
Specialty Retail - 6.0% | ||||||||
Dick’s Sporting Goods, Inc. (B) | 62,736 | 3,017,602 | ||||||
Foot Locker, Inc. | 83,652 | 2,916,945 | ||||||
Lowe’s Cos., Inc. | 99,619 | 3,827,362 | ||||||
PetSmart, Inc. - Class A (B) | 39,871 | 2,720,797 | ||||||
Tobacco - 5.0% | ||||||||
Altria Group, Inc. | 109,327 | 3,991,529 | ||||||
Philip Morris International, Inc. | 67,828 | 6,483,678 | ||||||
|
| |||||||
Total Common Stocks (cost $187,301,260) |
| 204,902,193 | ||||||
|
| |||||||
INVESTMENT COMPANIES - 1.2% | ||||||||
Capital Markets - 1.2% | ||||||||
iShares Dow Jones US Real Estate Index Fund (B) | 22,718 | 1,668,864 | ||||||
iShares Russell 1000 Growth Index Fund | 10,577 | 770,852 | ||||||
|
| |||||||
Total Investment Companies (cost $2,145,989) |
| 2,439,716 | ||||||
|
| |||||||
SECURITIES LENDING COLLATERAL - 16.5% |
| |||||||
State Street Navigator Securities Lending Trust - Prime Portfolio, 0.18% (C) | 34,385,443 | 34,385,443 | ||||||
|
| |||||||
Total Securities Lending Collateral (cost $34,385,443) |
| 34,385,443 | ||||||
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 63
Transamerica Large Cap Growth
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Principal | Value | |||||||
REPURCHASE AGREEMENT - 0.3% | ||||||||
State Street Bank & Trust Co. | $ 587,215 | $ 587,215 | ||||||
|
| |||||||
Total Repurchase Agreement (cost $587,215) |
| 587,215 | ||||||
|
| |||||||
Total Investment Securities (cost $224,419,907) (D) |
| 242,314,567 | ||||||
Other Assets and Liabilities - Net | (34,356,309 | ) | ||||||
|
| |||||||
Net Assets | $ 207,958,258 | |||||||
|
|
NOTES TO SCHEDULE OF INVESTMENTS:
(A) | Non-income producing security. |
(B) | All or a portion of this security is on loan. The value of all securities on loan is $33,649,871. The amount of securities on loan indicated may not correspond with the securities on loan identified because securities with pending sales are in the process of recall from the brokers. |
(C) | Rate shown reflects the yield at April 30, 2013. |
(D) | Aggregate cost for federal income tax purposes is $224,419,907. Aggregate gross unrealized appreciation and depreciation for all securities in which there is an excess of value over tax cost were $24,085,315 and $6,190,655, respectively. Net unrealized appreciation for tax purposes is $17,894,660. |
VALUATION SUMMARY: (E)
Level 1 Quoted Prices | Level 2 Other | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
ASSETS | ||||||||||||||||
Investment Securities | ||||||||||||||||
Common Stocks | $ | 204,902,193 | $ | — | $ | — | $ | 204,902,193 | ||||||||
Investment Companies | 2,439,716 | — | — | 2,439,716 | ||||||||||||
Securities Lending Collateral | 34,385,443 | — | — | 34,385,443 | ||||||||||||
Repurchase Agreement | — | 587,215 | — | 587,215 | ||||||||||||
Total Investment Securities | $ | 241,727,352 | $ | 587,215 | $ | — | $ | 242,314,567 | ||||||||
Level 1 Quoted Prices | Level 2 Other | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
LIABILITIES | ||||||||||||||||
Other Liabilities (F) | ||||||||||||||||
Collateral for Securities on Loan | $ | — | $ | (34,385,443 | ) | $ | — | $ | (34,385,443 | ) | ||||||
Total Other Liabilities | $ | — | $ | (34,385,443 | ) | $ | — | $ | (34,385,443 | ) |
(E) | Transfers between levels are considered to have occurred at the end of the reporting period. There were no transfers between Levels 1 and 2 during the period ended April 30, 2013. See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
(F) | Certain assets and liabilities are held at carrying amount or face value, which approximates fair value for financial reporting purposes. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 64
Transamerica Large Cap Value
SCHEDULE OF INVESTMENTS
At April 30, 2013
(unaudited)
Shares | Value | |||||||
COMMON STOCKS - 99.3% |
| |||||||
Aerospace & Defense - 0.9% |
| |||||||
Exelis, Inc. | 1,373,396 | $ 15,340,833 | ||||||
Beverages - 3.7% | ||||||||
Molson Coors Brewing Co. - Class B | 1,183,804 | 61,084,286 | ||||||
Chemicals - 3.5% | ||||||||
E.I. du Pont de Nemours & Co. | 1,054,300 | 57,469,893 | ||||||
Commercial Banks - 8.6% | ||||||||
BankUnited, Inc. | 1,023,705 | 25,950,922 | ||||||
CIT Group, Inc. (A) | 1,295,673 | 55,079,059 | ||||||
Comerica, Inc. - Class A (B) | 442,835 | 16,052,769 | ||||||
Wells Fargo & Co. | 1,190,815 | 45,227,153 | ||||||
Communications Equipment - 2.2% | ||||||||
QUALCOMM, Inc. | 590,819 | 36,406,267 | ||||||
Computers & Peripherals - 6.2% | ||||||||
Apple, Inc. | 132,994 | 58,883,094 | ||||||
EMC Corp. (A) | 1,998,005 | 44,815,252 | ||||||
Diversified Financial Services - 8.7% | ||||||||
Citigroup, Inc. | 1,694,100 | 79,046,706 | ||||||
JPMorgan Chase & Co. | 1,342,250 | 65,783,673 | ||||||
Diversified Telecommunication Services - 3.5% |
| |||||||
Verizon Communications, Inc. | 1,088,275 | 58,668,905 | ||||||
Electric Utilities - 2.8% | ||||||||
American Electric Power Co., Inc. | 893,174 | 45,935,939 | ||||||
Electrical Equipment - 7.2% | ||||||||
Eaton Corp. PLC | 1,561,074 | 95,865,554 | ||||||
Rockwell Automation, Inc. - Class B | 287,530 | 24,376,794 | ||||||
Electronic Equipment & Instruments - 2.5% |
| |||||||
Corning, Inc. | 2,824,640 | 40,957,280 | ||||||
Food Products - 1.2% | ||||||||
Pinnacle Foods, Inc. (A) (B) | 204,330 | 4,877,357 | ||||||
Smithfield Foods, Inc. (A) | 597,947 | 15,307,443 | ||||||
Health Care Equipment & Supplies - 4.7% |
| |||||||
Medtronic, Inc. | 1,679,771 | 78,411,710 | ||||||
Household Products - 2.1% | ||||||||
Procter & Gamble Co. | 466,198 | 35,790,020 | ||||||
Industrial Conglomerates - 4.4% | ||||||||
Danaher Corp. | 256,400 | 15,625,016 | ||||||
General Electric Co. | 2,562,229 | 57,112,084 | ||||||
Insurance - 3.5% | ||||||||
MetLife, Inc. | 1,472,170 | 57,399,908 | ||||||
Life Sciences Tools & Services - 1.5% | ||||||||
Affymetrix, Inc. (A) (B) | 2,742,645 | 9,983,228 | ||||||
Bio-Rad Laboratories, Inc. - Class A (A) | 122,664 | 14,689,014 | ||||||
Metals & Mining - 2.8% | ||||||||
Cliffs Natural Resources, Inc. (B) | 1,161,455 | 24,785,450 | ||||||
Freeport-McMoRan Copper & Gold, Inc. | 690,330 | 21,006,742 |
Shares | Value | |||||||
Multi-Utilities - 2.9% | ||||||||
PG&E Corp. | 988,300 | $ 47,873,252 | ||||||
Multiline Retail - 6.2% | ||||||||
Macy’s, Inc. | 1,171,050 | 52,228,830 | ||||||
Target Corp. | 731,830 | 51,637,925 | ||||||
Oil, Gas & Consumable Fuels - 11.0% |
| |||||||
Chevron Corp. | 436,590 | 53,268,346 | ||||||
Exxon Mobil Corp. | 417,843 | 37,183,849 | ||||||
Occidental Petroleum Corp. | 573,385 | 51,180,345 | ||||||
Royal Dutch Shell PLC - Class A ADR | 600,803 | 40,836,580 | ||||||
Pharmaceuticals - 9.2% | ||||||||
Merck & Co., Inc. | 1,368,471 | 64,318,137 | ||||||
Pfizer, Inc. | 3,063,095 | 89,044,172 | ||||||
|
| |||||||
Total Common Stocks (cost $1,440,498,917) |
| 1,649,503,787 | ||||||
|
| |||||||
SECURITIES LENDING COLLATERAL - 2.1% |
| |||||||
State Street Navigator Securities Lending Trust - Prime Portfolio, 0.18% (C) | 35,840,776 | 35,840,776 | ||||||
|
| |||||||
Total Securities Lending Collateral (cost $35,840,776) |
| 35,840,776 | ||||||
|
| |||||||
Principal | Value | |||||||
REPURCHASE AGREEMENT - 1.7% | ||||||||
State Street Bank & Trust Co. | $ 27,697,396 | 27,697,396 | ||||||
|
| |||||||
Total Repurchase Agreement (cost $27,697,396) |
| 27,697,396 | ||||||
|
| |||||||
Total Investment Securities (cost $1,504,037,089) (D) |
| 1,713,041,959 | ||||||
Other Assets and Liabilities - Net | (52,186,213 | ) | ||||||
|
| |||||||
Net Assets | $ 1,660,855,746 | |||||||
|
|
NOTES TO SCHEDULE OF INVESTMENTS:
(A) | Non-income producing security. |
(B) | All or a portion of this security is on loan. The value of all securities on loan is $34,781,393. The amount of securities on loan indicated may not correspond with the securities on loan identified because securities with pending sales are in the process of recall from the brokers. |
(C) | Rate shown reflects the yield at April 30, 2013. |
(D) | Aggregate cost for federal income tax purposes is $1,504,037,089. Aggregate gross unrealized appreciation and depreciation for all securities in which there is an excess of value over tax cost were $218,025,820 and $9,020,950, respectively. Net unrealized appreciation for tax purposes is $209,004,870. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 65
Transamerica Large Cap Value
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
DEFINITION:
ADR | American Depositary Receipt |
VALUATION SUMMARY: (E)
Level 1 Quoted Prices | Level 2 Other | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
ASSETS | ||||||||||||||||
Investment Securities | ||||||||||||||||
Common Stocks | $ | 1,649,503,787 | $ | — | $ | — | $ | 1,649,503,787 | ||||||||
Securities Lending Collateral | 35,840,776 | — | — | 35,840,776 | ||||||||||||
Repurchase Agreement | — | 27,697,396 | — | 27,697,396 | ||||||||||||
Total Investment Securities | $ | 1,685,344,563 | $ | 27,697,396 | $ | — | $ | 1,713,041,959 | ||||||||
Level 1 Quoted Prices | Level 2 Other | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
LIABILITIES | ||||||||||||||||
Other Liabilities (F) | ||||||||||||||||
Collateral for Securities on Loan | $ | — | $ | (35,840,776 | ) | $ | — | $ | (35,840,776 | ) | ||||||
Total Other Liabilities | $ | — | $ | (35,840,776 | ) | $ | — | $ | (35,840,776 | ) |
(E) | Transfers between levels are considered to have occurred at the end of the reporting period. There were no transfers between Levels 1 and 2 during the period ended April 30, 2013. See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
(F) | Certain assets and liabilities are held at carrying amount or face value, which approximates fair value for financial reporting purposes. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 66
Transamerica Money Market
SCHEDULE OF INVESTMENTS
At April 30, 2013
(unaudited)
Principal | Value | |||||||
ASSET-BACKED SECURITIES - 0.5% |
| |||||||
CCG Receivables Truste | ||||||||
Series 2013-1, Class A1 | ||||||||
0.37%, 04/14/2014 - 144A | $ 2,200,000 | $ 2,200,000 | ||||||
|
| |||||||
Total Asset-Backed Securities (cost $2,200,000) |
| 2,200,000 | ||||||
|
| |||||||
CORPORATE DEBT SECURITIES - 2.8% | ||||||||
Commercial Banks - 2.2% | ||||||||
Deutsche Bank AG, Series GMTN | ||||||||
4.88%, 05/20/2013 | 5,000,000 | 5,011,692 | ||||||
Svenska Handelsbanken | ||||||||
0.83%, 09/25/2013 (A) | 4,300,000 | 4,307,643 | ||||||
Diversified Financial Services - 0.6% | ||||||||
JPMorgan Chase & Co., Series MTN | ||||||||
1.03%, 09/30/2013 (A) | 2,700,000 | 2,708,687 | ||||||
|
| |||||||
Total Corporate Debt Securities (cost $12,028,022) |
| 12,028,022 | ||||||
|
| |||||||
CERTIFICATES OF DEPOSIT - 3.7% | ||||||||
Automobiles - 0.5% | ||||||||
Prestige Auto Receivables Trust | ||||||||
0.28%, 04/15/2014 (B) | 2,000,000 | 2,000,000 | ||||||
Commercial Banks - 3.2% | ||||||||
Bank of Nova Scotia | ||||||||
0.29%, 04/09/2014 (B) | 3,000,000 | 3,000,000 | ||||||
Barclays Bank PLC | ||||||||
0.58%, 10/02/2013 - 144A (B) (C) | 5,000,000 | 5,000,000 | ||||||
Skandinaviska Enskilda Banken AB | ||||||||
0.58%, 06/07/2013 (B) | 6,000,000 | 6,000,000 | ||||||
|
| |||||||
Total Certificates of Deposit (cost $16,000,000) |
| 16,000,000 | ||||||
|
| |||||||
COMMERCIAL PAPER - 64.4% | ||||||||
Capital Markets - 6.0% | ||||||||
Royal Park Investments Funding Corp. | ||||||||
0.43%, 05/21/2013 - 144A (B) | 10,000,000 | 9,997,611 | ||||||
0.80%, 07/08/2013 - 144A (B) | 16,000,000 | 15,975,823 | ||||||
Chemicals - 0.3% | ||||||||
Ecolab, Inc. | ||||||||
0.29%, 05/16/2013 - 144A (B) | 1,250,000 | 1,249,849 | ||||||
Commercial Banks - 23.8% | ||||||||
DNB Bank ASA | ||||||||
0.26%, 07/22/2013 - 144A (B) | 8,300,000 | 8,295,085 | ||||||
Hess Corp. | ||||||||
0.33%, 12/02/2013 (B) | 3,500,000 | 3,500,019 | ||||||
HSBC USA, Inc. | ||||||||
0.24%, 05/23/2013 (B) | 6,000,000 | 5,999,120 | ||||||
0.25%, 06/04/2013 (B) | 5,000,000 | 4,998,819 | ||||||
Mizuho Funding LLC | ||||||||
0.33%, 07/08/2013 - 144A (B) | 20,000,000 | 19,987,722 | ||||||
National Australia Funding Delaware, Inc. | ||||||||
0.24%, 08/05/2013 - 144A (B) | 10,000,000 | 9,993,600 | ||||||
Skandinaviska Enskilda Banken AB | ||||||||
0.25%, 07/02/2013 - 144A (B) | 10,000,000 | 9,995,694 | ||||||
0.29%, 08/26/2013 - 144A (B) | 8,000,000 | 7,992,460 | ||||||
Straight-A Funding LLC | ||||||||
0.14%, 06/05/2013 (B) | 5,000,000 | 4,999,320 | ||||||
Sumitomo Mitsui Banking Corp. | ||||||||
0.22%, 07/11/2013 - 144A (B) | 8,000,000 | 7,996,529 |
Principal | Value | |||||||
Commercial Banks (continued) | ||||||||
Swedbank AB | ||||||||
0.27%, 06/28/2013 (B) | $ 1,500,000 | $ 1,499,348 | ||||||
0.28%, 06/27/2013 (B) | 5,000,000 | 4,997,823 | ||||||
0.32%, 05/02/2013 (B) | 3,000,000 | 2,999,973 | ||||||
Westpac Banking Corp. | ||||||||
0.34%, 01/10/2014 - 144A (B) | 4,500,000 | 4,500,000 | ||||||
Westpac Securities NZ, Ltd. | ||||||||
0.29%, 06/05/2013 - 144A (B) | 5,000,000 | 4,998,590 | ||||||
Diversified Financial Services - 32.1% | ||||||||
CAFCO LLC | ||||||||
0.30%, 06/26/2013 - 144A (B) | 5,000,000 | 4,997,667 | ||||||
0.31%, 05/31/2013 - 144A (B) | 7,700,000 | 7,698,011 | ||||||
0.34%, 05/29/2013 - 144A (B) | 10,000,000 | 9,997,355 | ||||||
CIESCO LLC | ||||||||
0.27%, 05/20/2013 - 144A (B) | 5,000,000 | 4,999,287 | ||||||
0.28%, 05/02/2013 - 144A (B) | 4,800,000 | 4,799,963 | ||||||
0.32%, 06/24/2013 - 144A (B) | 5,000,000 | 4,997,600 | ||||||
Harley-Davidson Financial Services, Inc. | ||||||||
0.27%, 05/06/2013 - 144A (B) | 2,000,000 | 1,999,925 | ||||||
ING US Funding LLC | ||||||||
0.27%, 05/03/2013 (B) | 15,000,000 | 14,999,775 | ||||||
Kells Funding LLC | ||||||||
0.24%, 07/01/2013 - 144A (B) | 10,000,000 | 9,995,933 | ||||||
0.27%, 05/07/2013 (B) | 10,000,000 | 9,999,550 | ||||||
0.28%, 11/04/2013 - 144A (B) | 4,000,000 | 3,999,197 | ||||||
0.31%, 05/02/2013 (B) | 7,000,000 | 6,999,940 | ||||||
Mont Blanc Capital Corp. | ||||||||
0.29%, 05/03/2013 - 06/11/2013 - 144A (B) | 17,750,000 | 17,747,201 | ||||||
0.30%, 05/03/2013 - 144A (B) | 3,000,000 | 2,999,950 | ||||||
Natixis US Finance Co. LLC | ||||||||
0.15%, 05/02/2013 (B) | 20,000,000 | 19,999,917 | ||||||
Nordea North America, Inc. | ||||||||
0.24%, 06/24/2013 (B) | 2,000,000 | 1,999,280 | ||||||
Svenska Handelsbanken, Inc. | ||||||||
0.25%, 07/12/2013 - 144A (B) | 10,000,000 | 9,995,000 | ||||||
Electric Utilities - 1.2% | ||||||||
American Electric Power Co., Inc. | ||||||||
0.30%, 05/03/2013 - 144A (B) | 2,200,000 | 2,199,963 | ||||||
OGE Energy Corp. | ||||||||
0.30%, 05/08/2013 - 144A (B) | 2,000,000 | 1,999,883 | ||||||
Westar Energy, Inc. | ||||||||
0.28%, 05/08/2013 - 144A (B) | 1,000,000 | 999,946 | ||||||
Independent Power Producers & Energy Traders - 0.5% |
| |||||||
Southern Power Co. | ||||||||
0.30%, 05/20/2013 - 144A (B) | 2,000,000 | 1,999,683 | ||||||
Multi-Utilities - 0.5% | ||||||||
Dominion Resources, Inc. | ||||||||
0.29%, 05/28/2013 - 144A (B) | 2,050,000 | 2,049,554 | ||||||
|
| |||||||
Total Commercial Paper (cost $277,451,965) |
| 277,451,965 | ||||||
|
| |||||||
DEMAND NOTE - 1.1% | ||||||||
Capital Markets - 1.1% | ||||||||
Goldman Sachs Co. Promissory Note | ||||||||
0.48%, 07/19/2013 (B) (C) | 4,500,000 | 4,500,000 | ||||||
|
| |||||||
Total Demand Note (cost $4,500,000) | 4,500,000 | |||||||
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 67
Transamerica Money Market
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Principal | Value | |||||||
REPURCHASE AGREEMENTS - 27.4% |
| |||||||
Goldman Sachs & Co. | $ 23,800,000 | $ 23,800,000 | ||||||
JP Morgan Securities, Inc. | 94,000,000 | 94,000,000 | ||||||
State Street Bank & Trust Co. | 289,564 | 289,564 | ||||||
|
| |||||||
Total Repurchase Agreements (cost $118,089,564) |
| 118,089,564 | ||||||
|
| |||||||
Total Investment Securities (cost $430,269,551) (D) |
| 430,269,551 | ||||||
Other Assets and Liabilities - Net | 421,582 | |||||||
|
| |||||||
Net Assets | $ 430,691,133 | |||||||
|
|
NOTES TO SCHEDULE OF INVESTMENTS:
(A) | Floating or variable rate note. Rate is listed as of April 30, 2013. |
(B) | Rate shown reflects the yield at April 30, 2013. |
(C) | Illiquid. Total aggregate market value of illiquid securities is $9,500,000, or 2.21% of the fund’s net assets. |
(D) | Aggregate cost for federal income tax purposes is $430,269,551. |
DEFINITIONS:
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 April 30, 2013, these securities aggregated $201,659,081 or 46.82% of the fund’s net assets. | |
GMTN | Global Medium Term Note | |
MTN | Medium Term Note |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 68
Transamerica Money Market
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
VALUATION SUMMARY: (E)
Level 1 Quoted Prices | Level 2 Other | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
ASSETS | ||||||||||||||||
Investment Securities | ||||||||||||||||
Asset-Backed Securities | $ | — | $ | 2,200,000 | $ | — | $ | 2,200,000 | ||||||||
Corporate Debt Securities | — | 12,028,022 | — | 12,028,022 | ||||||||||||
Certificates of Deposit | — | 16,000,000 | — | 16,000,000 | ||||||||||||
Commercial Paper | — | 277,451,965 | — | 277,451,965 | ||||||||||||
Demand Note | — | 4,500,000 | — | 4,500,000 | ||||||||||||
Repurchase Agreements | — | 118,089,564 | — | 118,089,564 | ||||||||||||
Total Investment Securities | $ | — | $ | 430,269,551 | $ | — | $ | 430,269,551 |
(E) | Transfers between levels are considered to have occurred at the end of the reporting period. There were no transfers between Levels 1 and 2 during the period ended April 30, 2013. 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 2013 |
Page 69
Transamerica Multi-Managed Balanced
SCHEDULE OF INVESTMENTS
At April 30, 2013
(unaudited)
Principal | Value | |||||||
U.S. GOVERNMENT OBLIGATIONS - 1.4% |
| |||||||
U.S. Treasury Bond | ||||||||
2.75%, 08/15/2042 - 11/15/2042 | $ 390,000 | $ 378,710 | ||||||
3.13%, 02/15/2043 (A) | 1,570,000 | 1,644,820 | ||||||
U.S. Treasury Inflation Indexed Bond | ||||||||
0.75%, 02/15/2042 (A) | 503,318 | 546,100 | ||||||
U.S. Treasury Note | ||||||||
0.13%, 04/30/2015 | 150,000 | 149,742 | ||||||
0.25%, 04/15/2016 (B) | 460,000 | 459,210 | ||||||
0.63%, 04/30/2018 | 370,000 | 369,046 | ||||||
1.63%, 11/15/2022 | 513,000 | 512,279 | ||||||
2.00%, 02/15/2023 (B) | 1,429,000 | 1,470,754 | ||||||
|
| |||||||
Total U.S. Government Obligations (cost $5,416,412) |
| 5,530,661 | ||||||
|
| |||||||
U.S. GOVERNMENT AGENCY OBLIGATIONS - 15.9% |
| |||||||
Fannie Mae | ||||||||
Zero Coupon, 10/09/2019 | 435,000 | 387,499 | ||||||
2.10%, 02/01/2043 (C) | 556,402 | 579,050 | ||||||
2.50%, 12/01/2027 | 97,300 | 102,020 | ||||||
3.00%, 02/01/2028 - 05/01/2043 | 5,675,264 | 5,949,790 | ||||||
3.33%, 06/01/2041 (C) | 197,177 | 208,680 | ||||||
3.50%, 07/01/2027 - 03/01/2043 | 3,801,645 | 4,047,773 | ||||||
3.50%, 09/01/2041 (C) | 145,414 | 153,764 | ||||||
4.00%, 02/01/2025 - 01/01/2043 | 3,349,195 | 3,594,061 | ||||||
4.50%, 02/01/2025 - 08/01/2042 | 3,485,377 | 3,755,861 | ||||||
5.00%, 05/01/2018 - 08/01/2041 | 1,614,468 | 1,758,628 | ||||||
5.50%, 07/01/2019 - 11/01/2038 | 3,277,393 | 3,618,609 | ||||||
6.00%, 08/01/2036 - 10/01/2040 | 1,272,218 | 1,399,837 | ||||||
6.50%, 05/01/2040 | 894,329 | 1,004,335 | ||||||
Fannie Mae, IO | ||||||||
2.40%, 01/25/2022 (C) (D) | 580,000 | 85,006 | ||||||
Fannie Mae, TBA | ||||||||
3.00% | 2,300,000 | 2,416,156 | ||||||
4.00% | 200,000 | 213,812 | ||||||
4.50% | 2,900,000 | 3,123,160 | ||||||
5.00% | 100,000 | 108,281 | ||||||
6.00% | 300,000 | 327,750 | ||||||
Freddie Mac | ||||||||
2.62%, 01/25/2023 | 530,000 | 539,538 | ||||||
3.00%, 03/01/2043 - 04/01/2043 | 3,292,329 | 3,439,117 | ||||||
3.97%, 01/25/2021 (C) | 420,000 | 477,065 | ||||||
4.00%, 09/01/2040 - 06/01/2041 | 206,125 | 221,705 | ||||||
4.50%, 10/01/2041 | 1,382,059 | 1,480,059 | ||||||
5.00%, 04/01/2018 - 03/01/2038 | 157,535 | 169,083 | ||||||
5.50%, 09/01/2018 - 11/01/2018 | 45,437 | 48,679 | ||||||
Freddie Mac, IO | ||||||||
1.40%, 11/25/2019 (C) | 6,190,000 | 463,049 | ||||||
1.44%, 08/25/2022 (C) | 1,158,228 | 113,499 | ||||||
1.65%, 06/25/2022 (C) | 1,771,220 | 196,109 | ||||||
1.69%, 12/25/2018 (C) | 849,435 | 64,605 | ||||||
1.92%, 05/25/2019 (C) | 717,992 | 66,187 | ||||||
Freddie Mac, TBA | ||||||||
3.00% | 1,500,000 | 1,562,578 | ||||||
3.50% | 4,250,000 | 4,518,283 | ||||||
4.00% | 1,600,000 | 1,706,500 | ||||||
4.50% | 300,000 | 321,187 | ||||||
5.00% | 1,200,000 | 1,288,500 | ||||||
5.50% | 900,000 | 971,859 |
Principal | Value | |||||||
U.S. GOVERNMENT AGENCY OBLIGATIONS (continued) |
| |||||||
FREMF Mortgage Trust | ||||||||
1.00%, 12/25/2045 (D) | $ 210,000 | $ 214,520 | ||||||
3.68%, 08/25/2045 - 144A (C) | 160,000 | 166,412 | ||||||
3.78%, 10/25/2045 - 144A (C) | 120,000 | 123,467 | ||||||
4.16%, 11/25/2044 - 144A (C) | 55,000 | 56,566 | ||||||
Ginnie Mae | ||||||||
4.00%, 08/20/2042 - 09/15/2042 | 1,158,402 | 1,265,668 | ||||||
4.50%, 05/20/2041 - 02/15/2042 | 3,034,733 | 3,338,810 | ||||||
5.00%, 12/15/2038 - 12/15/2040 | 396,131 | 434,283 | ||||||
Ginnie Mae, IO | ||||||||
1.01%, 02/16/2053 (C) | 996,228 | 85,874 | ||||||
Ginnie Mae, TBA | ||||||||
3.00% | 1,460,000 | 1,553,531 | ||||||
3.50% | 2,300,000 | 2,493,344 | ||||||
4.00% | 900,000 | 978,047 | ||||||
4.50% | 600,000 | 654,469 | ||||||
5.00% | 1,100,000 | 1,201,406 | ||||||
5.50% | 500,000 | 546,328 | ||||||
|
| |||||||
Total U.S. Government Agency Obligations (cost $63,002,128) |
| 63,594,399 | ||||||
|
| |||||||
FOREIGN GOVERNMENT OBLIGATIONS - 0.8% |
| |||||||
Argentine Republic Government International Bond | ||||||||
2.50%, 12/31/2038 (B) (E) | 25,000 | 8,313 | ||||||
2.50%, 12/31/2038 (E) | 100,000 | 33,250 | ||||||
Brazilian Government International Bond | ||||||||
7.13%, 01/20/2037 | 100,000 | 146,750 | ||||||
Italy Buoni Poliennali del Tesoro | ||||||||
4.75%, 06/01/2017 | EUR 125,000 | 178,563 | ||||||
5.25%, 08/01/2017 | 615,000 | 897,468 | ||||||
Mexico Government International Bond | ||||||||
5.13%, 01/15/2020 | $ 340,000 | 406,300 | ||||||
Poland Government International Bond | ||||||||
6.38%, 07/15/2019 | 80,000 | 99,168 | ||||||
Republic of South Africa | ||||||||
5.50%, 03/09/2020 | 180,000 | 211,950 | ||||||
Russian Federation | ||||||||
7.50%, 03/31/2030 - Reg S (E) | 476,800 | 599,814 | ||||||
Turkey Government International Bond | ||||||||
4.88%, 04/16/2043 (B) | 200,000 | 205,500 | ||||||
5.63%, 03/30/2021 | 145,000 | 170,012 | ||||||
6.25%, 09/26/2022 | 200,000 | 246,500 | ||||||
|
| |||||||
Total Foreign Government Obligations (cost $2,932,505) |
| 3,203,588 | ||||||
|
| |||||||
MORTGAGE-BACKED SECURITIES - 5.8% |
| |||||||
American General Mortgage Loan Trust Series 2009-1, Class A6 | 1,060,000 | 1,094,181 | ||||||
Banc of America Large Loan, Inc. | ||||||||
Series 2010-HLTN, Class HLTN | ||||||||
2.50%, 11/15/2015 - 144A (C) | 594,385 | 598,980 | ||||||
Series 2010-UB4, Class A4A | ||||||||
5.03%, 12/20/2041 - 144A (C) | 314,006 | 326,931 | ||||||
Banc of America Merrill Lynch Commercial Mortgage, Inc. | ||||||||
Series 2007-1, Class AMFX | ||||||||
5.48%, 01/15/2049 (C) | 20,000 | 22,134 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 70
Transamerica Multi-Managed Balanced
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Principal | Value | |||||||
MORTGAGE-BACKED SECURITIES (continued) |
| |||||||
Banc of America Merrill Lynch Commercial Mortgage, Inc. (continued) | ||||||||
Series 2007-3, Class AM | ||||||||
5.80%, 06/10/2049 (C) | $ 170,000 | $ 194,117 | ||||||
Banc of America Re-REMIC Trust | ||||||||
Series 2012-CLRN, Class A | ||||||||
1.35%, 08/15/2029 - 144A (C) | 122,000 | 122,991 | ||||||
BB-UBS Trust, IO | ||||||||
Series 2012-SHOW, Class XA | ||||||||
0.73%, 11/05/2036 - 144A (C) | 3,045,000 | 191,025 | ||||||
BCAP LLC Trust | ||||||||
Series 2009-RR10, Class 2A1 | ||||||||
3.12%, 08/26/2035 - 144A (C) | 437,651 | 430,870 | ||||||
Series 2009-RR13, Class 13A3 | ||||||||
5.25%, 03/26/2037 - 144A (C) | 136,963 | 137,835 | ||||||
Series 2009-RR14, Class 1A1 | ||||||||
6.01%, 05/26/2037 - 144A (C) | 452,436 | 483,048 | ||||||
Series 2009-RR3, Class 2A1 | ||||||||
4.59%, 05/26/2037 - 144A (C) | 36,328 | 36,391 | ||||||
Series 2009-RR6, Class 2A1 | ||||||||
2.95%, 08/26/2035 - 144A (C) | 314,822 | 287,949 | ||||||
Series 2010-RR1, Class 12A1 | ||||||||
5.25%, 08/26/2036 - 144A (C) | 458,032 | 476,778 | ||||||
Series 2010-RR6, Class 1A5 | ||||||||
5.00%, 08/26/2022 - 144A (C) | 148,443 | 154,090 | ||||||
COMM Mortgage Trust | ||||||||
Series 2010-RR1, Class GEB | ||||||||
5.54%, 12/11/2049 - 144A (C) | 100,000 | 112,381 | ||||||
Commercial Mortgage Pass-Through Certificates | ||||||||
Series 2006-C8, Class AM | ||||||||
5.35%, 12/10/2046 | 190,000 | 213,314 | ||||||
Series 2012-LTRT, Class A2 | ||||||||
3.40%, 10/05/2030 - 144A | 380,000 | 391,037 | ||||||
Series 2013-GAM, Class A2 | ||||||||
3.37%, 02/10/2028 - 144A | 210,000 | 219,668 | ||||||
Commercial Mortgage Pass-Through Certificates, IO | ||||||||
Series 2012-CR1, Class XA | ||||||||
2.43%, 05/15/2045 (C) | 1,832,659 | 253,054 | ||||||
Series 2013-CR7, Class XA | ||||||||
1.63%, 03/10/2046 (C) | 3,054,500 | 311,177 | ||||||
Series 2013-LC6, Class XA | ||||||||
1.96%, 01/10/2046 (C) | 3,109,704 | 345,441 | ||||||
Credit Suisse First Boston Mortgage | ||||||||
Series 2005-C3, Class AJ | ||||||||
4.77%, 07/15/2037 | 35,000 | 36,294 | ||||||
Credit Suisse Mortgage Capital Certificates | ||||||||
Series 2006-C4, Class A3 | ||||||||
5.47%, 09/15/2039 | 584,641 | 656,590 | ||||||
Series 2007-C4, Class A3 | ||||||||
5.96%, 09/15/2039 (C) | 765,000 | 800,139 | ||||||
Series 2007-TF2A, Class A3 | ||||||||
0.47%, 04/15/2022 - 144A (C) | 175,000 | 163,895 | ||||||
Series 2009-16R, Class 11A1 | ||||||||
7.00%, 08/26/2036 - 144A | 192,207 | 199,105 | ||||||
Series 2010-15R, Class 2A1 | ||||||||
3.50%, 05/26/2036 - 144A (C) | 291,095 | 302,135 |
Principal | Value | |||||||
MORTGAGE-BACKED SECURITIES (continued) |
| |||||||
Credit Suisse Mortgage Capital | ||||||||
Series 2010-18R, Class 3A1 | ||||||||
4.00%, 03/26/2037 - 144A | $ 199,903 | $ 203,959 | ||||||
Series 2010-RR1, Class 2A | ||||||||
5.70%, 09/15/2040 - 144A (C) | 585,000 | 679,269 | ||||||
DBRR Trust | ||||||||
Series 2011-C32, Class A3A | ||||||||
5.92%, 06/17/2049 - 144A (C) | 150,000 | 173,824 | ||||||
Series 2012-EZ1, Class A | ||||||||
0.95%, 09/25/2045 - 144A | 636,029 | 637,423 | ||||||
Extended Stay America Trust | ||||||||
Series 2013-ESH7, Class A27 | ||||||||
2.96%, 12/05/2031 - 144A | 165,000 | 169,238 | ||||||
Greenwich Capital Commercial Funding Corp. | ||||||||
Series 2007-GG11, Class A4 | ||||||||
5.74%, 12/10/2049 | 80,000 | 93,195 | ||||||
Series 2007-GG11, Class AM | ||||||||
5.87%, 12/10/2049 (C) | 140,000 | 160,630 | ||||||
Series 2007-GG9, Class AM | ||||||||
5.48%, 03/10/2039 | 220,000 | 247,691 | ||||||
GS Mortgage Securities Corp. II | ||||||||
Series 2013-KING, Class E | ||||||||
3.55%, 12/10/2027 - 144A (C) | 320,000 | 292,083 | ||||||
GS Mortgage Securities Corp. II, IO | ||||||||
Series 2013-GC10, Class XA | ||||||||
1.93%, 02/10/2046 (C) | 2,433,627 | 296,971 | ||||||
Series 2013-KYO, Class XB1 | ||||||||
3.25%, 11/08/2029 - 144A (C) | 1,271,000 | 86,906 | ||||||
GS Mortgage Securities Trust | ||||||||
Series 2006-GG8, Class AJ | ||||||||
5.62%, 11/10/2039 | 255,000 | 251,104 | ||||||
Series 2006-GG8, Class AM | ||||||||
5.59%, 11/10/2039 | 60,000 | 68,252 | ||||||
Series 2007-GG10, Class A4 | ||||||||
5.98%, 08/10/2045 (C) | 90,000 | 103,573 | ||||||
Jefferies & Co., Inc. | ||||||||
Series 2009-R2, Class 2A | ||||||||
2.88%, 12/26/2037 - 144A (C) | 281,525 | 282,596 | ||||||
Series 2009-R7, Class 10A3 | ||||||||
6.00%, 12/26/2036 - 144A | 197,063 | 206,662 | ||||||
Series 2009-R7, Class 12A1 | ||||||||
5.33%, 08/26/2036 - 144A (C) | 212,091 | 208,331 | ||||||
Series 2009-R7, Class 1A1 | ||||||||
2.53%, 02/26/2036 - 144A (C) | 497,292 | 486,211 | ||||||
Series 2009-R7, Class 4A1 | ||||||||
2.91%, 09/26/2034 - 144A (C) | 371,829 | 360,674 | ||||||
Series 2009-R9, Class 1A1 | ||||||||
2.67%, 08/26/2046 - 144A (C) | 297,686 | 300,500 | ||||||
Series 2010-R2, Class 1A1 | ||||||||
6.00%, 05/26/2036 - 144A | 346,507 | 359,631 | ||||||
Series 2010-R3, Class 1A1 | ||||||||
3.02%, 03/21/2036 - 144A (C) | 250,957 | 259,375 | ||||||
Series 2010-R6, Class 1A1 | ||||||||
4.00%, 09/26/2037 - 144A | 121,974 | 123,287 | ||||||
JPMorgan Chase Commercial Mortgage Securities Corp. | ||||||||
Series 2004-CB8, Class A1A | ||||||||
4.16%, 01/12/2039 - 144A | 603,135 | 615,099 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 71
Transamerica Multi-Managed Balanced
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Principal | Value | |||||||
MORTGAGE-BACKED SECURITIES (continued) |
| |||||||
JPMorgan Chase Commercial Mortgage Securities Corp. (continued) | ||||||||
Series 2006-CB14, Class AM | ||||||||
5.63%, 12/12/2044 (C) | $ 100,000 | $ 107,859 | ||||||
Series 2007-CB20, Class AM | ||||||||
6.08%, 02/12/2051 (C) | 360,000 | 426,107 | ||||||
Series 2008-C2, Class ASB | ||||||||
6.13%, 02/12/2051 (C) | 184,936 | 200,651 | ||||||
Series 2010-C1, Class B | ||||||||
5.95%, 06/15/2043 - 144A | 370,000 | 455,997 | ||||||
Series 2013-C10, Class C | ||||||||
4.30%, 12/15/2047 (C) | 160,000 | 167,130 | ||||||
JPMorgan Chase Commercial Mortgage Securities Corp., IO | ||||||||
Series 2012-CBX, Class XA | ||||||||
2.21%, 06/15/2045 (C) | 988,387 | 113,185 | ||||||
JPMorgan Re-REMIC | ||||||||
Series 2009-7, Class 8A1 | ||||||||
5.36%, 01/27/2047 - 144A (C) | 187,306 | 189,406 | ||||||
Series 2010-4, Class 7A1 | ||||||||
1.87%, 08/26/2035 - 144A (C) | 279,119 | 276,215 | ||||||
LB-UBS Commercial Mortgage Trust | ||||||||
Series 2004-C8, Class C | ||||||||
4.93%, 12/15/2039 (C) | 605,000 | 633,388 | ||||||
Series 2005-C2, Class AJ | ||||||||
5.21%, 04/15/2030 (C) | 125,000 | 133,005 | ||||||
Series 2007-C7, Class A3 | ||||||||
5.87%, 09/15/2045 (C) | 154,056 | 177,824 | ||||||
Merrill Lynch Mortgage Trust | ||||||||
Series 2005-CKI1, Class AJ | ||||||||
5.45%, 11/12/2037 (C) | 300,000 | 319,485 | ||||||
Merrill Lynch/Countrywide Commercial | ||||||||
Series 2007-9, Class A4 | ||||||||
5.70%, 09/12/2049 | 720,000 | 835,089 | ||||||
Morgan Stanley Capital I Trust | ||||||||
Series 2007-HQ12, Class A2FX | ||||||||
5.76%, 04/12/2049 (C) | 222,218 | 228,720 | ||||||
Series 2007-HQ12, Class AM | ||||||||
5.76%, 04/12/2049 (C) | 335,000 | 371,053 | ||||||
Series 2007-IQ13, Class AM | ||||||||
5.41%, 03/15/2044 | 110,000 | 123,984 | ||||||
Series 2007-IQ15, Class AM | ||||||||
6.09%, 06/11/2049 (C) | 190,000 | 215,266 | ||||||
Morgan Stanley Capital I Trust, IO | ||||||||
Series 2012-C4, Class XA | ||||||||
2.87%, 03/15/2045 - 144A (C) | 1,581,029 | 226,093 | ||||||
Morgan Stanley Re-REMIC Trust | ||||||||
1.00%, 03/27/2051 | 100,000 | 97,105 | ||||||
Series 2011-IO, Class A | ||||||||
2.50%, 03/23/2051 - 144A | 53,008 | 53,489 | ||||||
Series 2012-XA, Class A | ||||||||
2.00%, 07/27/2049 - 144A | 207,415 | 210,073 | ||||||
Morgan Stanley Re-REMIC Trust, IO | ||||||||
Series 2012-C4, Class XA | ||||||||
1.00%, 03/27/2051 - 144A (C) | 110,982 | 110,882 | ||||||
Motel 6 Trust | ||||||||
Series 2012-MTL6, Class B | ||||||||
2.74%, 10/05/2025 - 144A | 350,000 | 356,330 |
Principal | Value | |||||||
MORTGAGE-BACKED SECURITIES (continued) |
| |||||||
Queens Center Mortgage Trust | ||||||||
Series 2013-QCA, Class D | ||||||||
3.59%, 01/11/2037 - 144A (C) | $ 410,000 | $ 385,915 | ||||||
S2 Hospitality LLC | ||||||||
Series 2012-LV1, Class A | ||||||||
4.50%, 04/15/2025 - 144A | 115,113 | 115,086 | ||||||
STRIPs, Ltd. | ||||||||
Series 2012-1A, Class A | ||||||||
1.50%, 12/25/2044 - 144A | 352,713 | 348,833 | ||||||
Wachovia Bank Commercial | ||||||||
Series 2005-C20, Class B | ||||||||
5.42%, 07/15/2042 (C) | 320,000 | 337,231 | ||||||
Series 2007-C33, Class A4 | ||||||||
6.12%, 02/15/2051 | 230,000 | 264,209 | ||||||
Wells Fargo Re-REMIC Trust | ||||||||
Series 2012-IO, Class A | ||||||||
1.75%, 08/20/2021 - 144A | 221,999 | 222,207 | ||||||
WF-RBS Commercial Mortgage | ||||||||
Series 2012-C10, Class XA | ||||||||
2.00%, 12/15/2045 - 144A (C) | 1,930,315 | 240,065 | ||||||
|
| |||||||
Total Mortgage-Backed Securities (cost $22,356,916) |
| 23,169,916 | ||||||
|
| |||||||
ASSET-BACKED SECURITIES - 4.8% | ||||||||
AmeriCredit Automobile | ||||||||
Series 2011-5, Class C | ||||||||
3.44%, 10/08/2017 | 200,000 | 209,094 | ||||||
Series 2012-2, Class C | ||||||||
2.64%, 10/10/2017 | 125,000 | 128,677 | ||||||
Series 2012-3, Class C | ||||||||
2.42%, 05/08/2018 | 120,000 | 123,369 | ||||||
Series 2012-4, Class B | ||||||||
1.31%, 11/08/2017 | 75,000 | 75,572 | ||||||
Series 2012-4, Class C | ||||||||
1.93%, 08/08/2018 | 125,000 | 126,949 | ||||||
Series 2012-5, Class C | ||||||||
1.69%, 11/08/2018 | 140,000 | 141,519 | ||||||
Series 2013-2, Class C | ||||||||
1.79%, 03/08/2019 | 320,000 | 321,117 | ||||||
AUTO Asset-Backed Securities Srl | ||||||||
Series 2012-2, Class A | ||||||||
2.80%, 04/27/2025 - Reg S | EUR 217,323 | 289,887 | ||||||
CarMax Auto Owner Trust | ||||||||
Series 2012-1, Class D | ||||||||
3.09%, 08/15/2018 | $ 50,000 | 51,747 | ||||||
Chesapeake Funding LLC | ||||||||
Series 2012-1A, Class B | ||||||||
1.80%, 11/07/2023 - 144A (C) | 200,000 | 201,673 | ||||||
Credit Acceptance Auto Loan Trust | ||||||||
Series 2012-2A, Class A | ||||||||
1.52%, 03/16/2020 - 144A | 250,000 | 251,849 | ||||||
Series 2013-1A, Class A | ||||||||
1.21%, 10/15/2020 - 144A | 250,000 | 249,967 | ||||||
DT Auto Owner Trust | ||||||||
Series 2012-1A, Class B | ||||||||
2.26%, 10/16/2017 - 144A | 250,000 | 251,249 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 72
Transamerica Multi-Managed Balanced
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Principal | Value | |||||||
ASSET-BACKED SECURITIES (continued) |
| |||||||
DT Auto Owner Trust (continued) | ||||||||
Series 2012-1A, Class C | ||||||||
3.38%, 10/16/2017 - 144A | $ 250,000 | $ 253,085 | ||||||
Series 2012-1A, Class D | ||||||||
4.94%, 07/16/2018 - 144A | 250,000 | 257,753 | ||||||
Ford Credit Floorplan Master Owner Trust | ||||||||
Series 2010-5, Class C | ||||||||
2.07%, 09/15/2015 - 144A | 110,000 | 110,542 | ||||||
Series 2010-5, Class D | ||||||||
2.41%, 09/15/2015 - 144A | 60,000 | 60,260 | ||||||
Series 2011-2, Class C | ||||||||
2.37%, 09/15/2015 | 140,000 | 140,663 | ||||||
Series 2011-2, Class D | ||||||||
2.86%, 09/15/2015 | 95,000 | 95,589 | ||||||
Series 2012-1, Class C | ||||||||
1.70%, 01/15/2016 (C) | 160,000 | 160,921 | ||||||
Series 2012-1, Class D | ||||||||
2.30%, 01/15/2016 (C) | 145,000 | 145,780 | ||||||
Series 2012-2, Class D | ||||||||
3.50%, 01/15/2019 | 100,000 | 105,667 | ||||||
Series 2012-4, Class C | ||||||||
1.39%, 09/15/2016 | 100,000 | 100,599 | ||||||
Series 2012-4, Class D | ||||||||
2.09%, 09/15/2016 | 155,000 | 155,932 | ||||||
Series 2012-5, Class C | ||||||||
2.14%, 09/15/2019 | 100,000 | 100,643 | ||||||
HLSS Servicer Advance Receivables | ||||||||
Series 2012-T2, Class A1 | ||||||||
1.34%, 10/15/2043 - 144A | 100,000 | 100,260 | ||||||
Series 2012-T2, Class A2 | ||||||||
1.99%, 10/15/2045 - 144A | 200,000 | 203,812 | ||||||
Series 2012-T2, Class B2 | ||||||||
2.48%, 10/15/2045 - 144A | 160,000 | 163,200 | ||||||
Series 2013-T1, Class A2 | ||||||||
1.50%, 01/16/2046 - 144A | 460,000 | 463,726 | ||||||
Hyundai Auto Receivables Trust | ||||||||
Series 2012-A, Class D | ||||||||
2.61%, 05/15/2018 | 95,000 | 97,208 | ||||||
JGWPT XXIV LLC | ||||||||
Series 2011-2A, Class A | ||||||||
4.94%, 09/15/2056 - 144A | 447,512 | 523,018 | ||||||
Nelnet Student Loan Trust | ||||||||
Series 2008-3, Class A4 | ||||||||
1.94%, 11/25/2024 (C) | 205,000 | 218,164 | ||||||
PFS Financing Corp. | ||||||||
Series 2012-AA, Class A | ||||||||
1.40%, 02/15/2016 - 144A (C) | 160,000 | 160,943 | ||||||
Prestige Auto Receivables Trust | ||||||||
Series 2013-1A, Class A2 | ||||||||
1.09%, 02/15/2018 - 144A | 200,000 | 200,109 | ||||||
Series 2013-1A, Class A3 | ||||||||
1.33%, 05/15/2019 - 144A | 110,000 | 110,136 | ||||||
Santander Drive Auto Receivables Trust | ||||||||
Series 2011-S1A, Class B | ||||||||
1.48%, 07/15/2013 - 144A | 274,362 | 275,404 | ||||||
Series 2012-1, Class B | ||||||||
2.72%, 05/16/2016 | 80,000 | 81,908 |
Principal | Value | |||||||
ASSET-BACKED SECURITIES (continued) |
| |||||||
Santander Drive Auto Receivables Trust (continued) | ||||||||
Series 2012-1, Class C | ||||||||
3.78%, 11/15/2017 | $ 110,000 | $ 115,059 | ||||||
Series 2012-2, Class C | ||||||||
3.20%, 02/15/2018 | 310,000 | 321,093 | ||||||
Series 2012-3, Class B | ||||||||
1.94%, 12/15/2016 | 255,000 | 259,031 | ||||||
Series 2012-3, Class C | ||||||||
3.01%, 04/16/2018 | 350,000 | 363,473 | ||||||
Series 2012-4, Class C | ||||||||
2.94%, 12/15/2017 | 230,000 | 239,137 | ||||||
Series 2012-5, Class B | ||||||||
1.56%, 08/15/2018 | 290,000 | 293,211 | ||||||
Series 2012-5, Class C | ||||||||
2.70%, 08/15/2018 | 140,000 | 144,045 | ||||||
Series 2012-6, Class B | ||||||||
1.33%, 05/15/2017 | 150,000 | 150,994 | ||||||
Series 2012-6, Class C | ||||||||
1.94%, 03/15/2018 | 105,000 | 106,536 | ||||||
Series 2012-AA, Class B | ||||||||
1.21%, 10/16/2017 - 144A | 380,000 | 381,352 | ||||||
Series 2012-AA, Class C | ||||||||
1.78%, 11/15/2018 - 144A | 700,000 | 707,157 | ||||||
Series 2013-2, Class B | ||||||||
1.33%, 03/15/2018 | 370,000 | 370,630 | ||||||
Series 2013-2, Class C | ||||||||
1.95%, 03/15/2019 | 610,000 | 611,822 | ||||||
Scholar Funding Trust | ||||||||
Series 2013-A, Class A | ||||||||
0.85%, 01/30/2045 - 144A (C) | 687,348 | 684,237 | ||||||
SLM Student Loan Trust | ||||||||
Series 2004-B, Class A2 | ||||||||
0.48%, 06/15/2021 (C) | 486,467 | 479,178 | ||||||
Series 2005-B, Class A2 | ||||||||
0.46%, 03/15/2023 (C) | 318,936 | 313,526 | ||||||
Series 2011-B, Class A2 | ||||||||
3.74%, 02/15/2029 - 144A | 100,000 | 109,150 | ||||||
Series 2011-C, Class A2B | ||||||||
4.54%, 10/17/2044 - 144A | 140,000 | 157,170 | ||||||
Series 2012-A, Class A1 | ||||||||
1.60%, 08/15/2025 - 144A (C) | 93,430 | 94,832 | ||||||
Series 2012-A, Class A2 | ||||||||
3.83%, 01/17/2045 - 144A | 120,000 | 131,799 | ||||||
Series 2012-B, Class A2 | ||||||||
3.48%, 10/15/2030 - 144A | 400,000 | 428,262 | ||||||
Series 2012-C, Class A1 | ||||||||
1.30%, 08/15/2023 - 144A (C) | 214,842 | 216,874 | ||||||
Series 2012-C, Class A2 | ||||||||
3.31%, 10/15/2046 - 144A | 430,000 | 460,490 | ||||||
Series 2012-D, Class A2 | ||||||||
2.95%, 02/15/2046 - 144A | 520,000 | 548,370 | ||||||
Series 2012-E, Class A1 | ||||||||
0.95%, 10/16/2023 - 144A (C) | 204,758 | 205,708 | ||||||
Series 2013-A, Class A2A | ||||||||
1.77%, 05/17/2027 - 144A | 550,000 | 554,598 | ||||||
Series 2013-A, Class A2B | ||||||||
1.25%, 05/17/2027 - 144A (C) | 470,000 | 469,999 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 73
Transamerica Multi-Managed Balanced
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Principal | Value | |||||||
ASSET-BACKED SECURITIES (continued) |
| |||||||
SLM Student Loan Trust (continued) | ||||||||
Series 2013-B, Class A2A | ||||||||
1.86%, 05/15/2030 - 144A (F) | $ 705,000 | $ 704,877 | ||||||
SpringCastle SPV | ||||||||
Series 2013-1A, Class A | ||||||||
3.75%, 04/03/2021 - 144A | 820,000 | 825,330 | ||||||
TAL Advantage LLC | ||||||||
Series 2011-1A, Class A | ||||||||
4.60%, 01/20/2026 - 144A | 887,375 | 913,585 | ||||||
World Financial Network Credit Card Master Trust | ||||||||
Series 2010-A, Class B | ||||||||
6.75%, 04/15/2019 | 170,000 | 189,437 | ||||||
Series 2012-C, Class A | ||||||||
2.23%, 08/15/2022 | 360,000 | 372,921 | ||||||
Series 2012-D, Class A | ||||||||
2.15%, 04/17/2023 | 455,000 | 466,123 | ||||||
|
| |||||||
Total Asset-Backed Securities (cost $18,779,731) |
| 19,097,997 | ||||||
|
| |||||||
PREFERRED CORPORATE DEBT SECURITIES - 0.1% |
| |||||||
Commercial Banks - 0.0% (G) | ||||||||
Fifth Third Capital Trust IV | ||||||||
6.50%, 04/15/2067 (C) | 155,000 | 155,484 | ||||||
Insurance - 0.1% | ||||||||
MetLife Capital Trust IV | ||||||||
7.88%, 12/15/2037 - 144A | 275,000 | 345,125 | ||||||
|
| |||||||
Total Preferred Corporate Debt Securities (cost $455,744) |
| 500,609 | ||||||
|
| |||||||
CORPORATE DEBT SECURITIES - 11.5% |
| |||||||
Biotechnology - 0.0% (G) | ||||||||
Amgen Inc | 120,000 | 143,228 | ||||||
5.38%, 05/15/2043 (B) | ||||||||
Capital Markets - 0.3% | ||||||||
Goldman Sachs Group, Inc. | ||||||||
3.63%, 01/22/2023 | 565,000 | 586,100 | ||||||
5.75%, 01/24/2022 | 93,000 | 111,042 | ||||||
Morgan Stanley | ||||||||
2.13%, 04/25/2018 | 585,000 | 586,292 | ||||||
Chemicals - 0.3% | ||||||||
CF Industries, Inc. | ||||||||
7.13%, 05/01/2020 | 410,000 | 512,616 | ||||||
LyondellBasell Industries NV | ||||||||
5.00%, 04/15/2019 | 600,000 | 683,753 | ||||||
Commercial Banks - 0.3% | ||||||||
Caixa Economica Federal | ||||||||
2.38%, 11/06/2017 - 144A | 150,000 | 146,475 | ||||||
3.50%, 11/07/2022 - 144A (B) | 150,000 | 146,625 | ||||||
HSBC Bank Brasil SA - Banco Multiplo | ||||||||
4.00%, 05/11/2016 - 144A | 610,000 | 629,825 | ||||||
Sberbank of Russia Via SB Capital SA | ||||||||
6.13%, 02/07/2022 - Reg S | 200,000 | 228,250 | ||||||
Wells Fargo & Co. | ||||||||
3.45%, 02/13/2023 | 203,000 | 207,140 | ||||||
Commercial Services & Supplies - 0.1% |
| |||||||
United Rentals North America, Inc. | ||||||||
7.63%, 04/15/2022 | 290,000 | 332,775 |
Principal | Value | |||||||
Communications Equipment - 0.0% (G) |
| |||||||
CC Holdings GS V LLC / Crown Castle GS III Corp. | ||||||||
3.85%, 04/15/2023 - 144A | $ 152,000 | $ 156,745 | ||||||
Computers & Peripherals - 0.1% | ||||||||
Apple, Inc. | ||||||||
2.40%, 05/03/2023 | 300,000 | 299,892 | ||||||
3.85%, 05/04/2043 | 80,000 | 80,412 | ||||||
Consumer Finance - 0.0% (G) |
| |||||||
SLM Corp, Series MTN | ||||||||
4.63%, 09/25/2017 | 39,000 | 40,565 | ||||||
Containers & Packaging - 0.4% | ||||||||
Ardagh Packaging Finance PLC / Ardagh MP Holdings USA, Inc. | ||||||||
7.00%, 11/15/2020 - 144A | 340,000 | 359,550 | ||||||
Rexam PLC | ||||||||
6.75%, 06/01/2013 - 144A | 1,121,000 | 1,123,457 | ||||||
Rock Tenn Co. | ||||||||
3.50%, 03/01/2020 | 72,000 | 74,860 | ||||||
4.00%, 03/01/2023 | 219,000 | 227,573 | ||||||
Distributors - 0.1% | ||||||||
VWR Funding, Inc. | ||||||||
7.25%, 09/15/2017 - 144A (B) | 411,000 | 437,715 | ||||||
Diversified Financial Services - 1.7% | ||||||||
Bank of America Corp. | ||||||||
2.00%, 01/11/2018 (B) | 480,000 | 481,537 | ||||||
3.88%, 03/22/2017 | 123,000 | 132,690 | ||||||
5.70%, 01/24/2022 | 498,000 | 593,564 | ||||||
6.50%, 08/01/2016 | 95,000 | 109,574 | ||||||
Bank of America Corp., | ||||||||
5.65%, 05/01/2018 | 1,040,000 | 1,207,332 | ||||||
Bank of America Corp., | ||||||||
3.30%, 01/11/2023 (B) | 350,000 | 354,490 | ||||||
Citigroup, Inc. | ||||||||
4.45%, 01/10/2017 | 80,000 | 88,467 | ||||||
4.59%, 12/15/2015 | 1,449,000 | 1,578,919 | ||||||
5.35%, 05/15/2023 (C) (H) | 190,000 | 190,524 | ||||||
Ford Motor Credit Co., LLC | ||||||||
4.25%, 09/20/2022 (B) | 400,000 | 422,979 | ||||||
5.00%, 05/15/2018 | 400,000 | 446,054 | ||||||
6.63%, 08/15/2017 | 200,000 | 235,101 | ||||||
General Electric Capital Corp., | ||||||||
3.10%, 01/09/2023 | 285,000 | 289,172 | ||||||
JPMorgan Chase & Co. | ||||||||
3.20%, 01/25/2023 | 225,000 | 230,583 | ||||||
3.25%, 09/23/2022 | 120,000 | 122,881 | ||||||
5.15%, 05/01/2023 (C) (H) | 115,000 | 116,869 | ||||||
Novus USA Trust | ||||||||
1.59%, 02/28/2014 - 144A (C) | 280,000 | 280,000 | ||||||
Diversified Telecommunication Services - 0.5% |
| |||||||
AT&T, Inc. | ||||||||
4.30%, 12/15/2042 - 144A | 120,000 | 117,591 | ||||||
5.35%, 09/01/2040 | 175,000 | 197,590 | ||||||
Intelsat Jackson Holdings SA | ||||||||
7.25%, 04/01/2019 | 170,000 | 187,000 | ||||||
Level 3 Financing, Inc. | ||||||||
8.13%, 07/01/2019 | 400,000 | 441,000 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 74
Transamerica Multi-Managed Balanced
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Principal | Value | |||||||
Diversified Telecommunication Services (continued) |
| |||||||
Sprint Capital Corp. | ||||||||
6.88%, 11/15/2028 | $ 135,000 | $ 138,038 | ||||||
Verizon Communications, Inc. | ||||||||
3.85%, 11/01/2042 (B) | 550,000 | 504,376 | ||||||
Virgin Media Secured Finance PLC | ||||||||
6.50%, 01/15/2018 | 225,000 | 239,625 | ||||||
Electric Utilities - 1.1% | ||||||||
Cleveland Electric Illuminating Co. | ||||||||
5.95%, 12/15/2036 | 117,000 | 136,760 | ||||||
8.88%, 11/15/2018 | 25,000 | 33,405 | ||||||
Duke Energy Carolinas LLC | ||||||||
4.25%, 12/15/2041 | 125,000 | 133,126 | ||||||
Electricite de France SA | ||||||||
5.25%, 01/29/2023 - 144A (B) (C) (H) | 125,000 | 125,734 | ||||||
Energy Future Intermediate Holding Co. LLC / EFIH Finance, Inc. | ||||||||
10.00%, 12/01/2020 | 500,000 | 572,500 | ||||||
Florida Power & Light Co. | ||||||||
5.95%, 02/01/2038 | 150,000 | 201,363 | ||||||
Georgia Power Co. | ||||||||
3.00%, 04/15/2016 (B) | 365,000 | 388,827 | ||||||
Hydro-Quebec | ||||||||
8.05%, 07/07/2024 | 1,900,000 | 2,815,779 | ||||||
Jersey Central Power & Light Co. | ||||||||
7.35%, 02/01/2019 | 105,000 | 133,648 | ||||||
Energy Equipment & Services - 0.5% | ||||||||
Enterprise Products Operating LLC | ||||||||
4.45%, 02/15/2043 | 100,000 | 101,275 | ||||||
Noble Holding International, Ltd. | ||||||||
5.25%, 03/15/2042 | 140,000 | 142,465 | ||||||
Sabine Pass Liquefaction LLC | ||||||||
5.63%, 02/01/2021 - 144A | 425,000 | 439,875 | ||||||
Transocean, Inc. | ||||||||
2.50%, 10/15/2017 (B) | 350,000 | 356,544 | ||||||
5.05%, 12/15/2016 | 180,000 | 200,740 | ||||||
6.00%, 03/15/2018 | 787,000 | 909,797 | ||||||
Food & Staples Retailing - 0.1% | ||||||||
Wal-Mart Stores Inc | ||||||||
4.00%, 04/11/2043 | 484,000 | 499,136 | ||||||
Food Products - 0.1% | ||||||||
Kraft Foods Group, Inc. | ||||||||
5.00%, 06/04/2042 (B) | 69,000 | 78,192 | ||||||
Mondelez International, Inc. | ||||||||
6.50%, 08/11/2017 | 125,000 | 150,893 | ||||||
Health Care Equipment & Supplies - 0.2% | ||||||||
Boston Scientific Corp. | ||||||||
6.00%, 01/15/2020 | 110,000 | 129,853 | ||||||
6.25%, 11/15/2015 | 433,000 | 484,615 | ||||||
Health Care Providers & Services - 0.2% | ||||||||
Coventry Health Care, Inc. | ||||||||
5.45%, 06/15/2021 (B) | 164,000 | 195,419 | ||||||
HCA, Inc. | ||||||||
7.25%, 09/15/2020 | 150,000 | 166,313 | ||||||
Tenet Healthcare Corp. | ||||||||
6.25%, 11/01/2018 (B) | 165,000 | 186,037 | ||||||
UnitedHealth Group, Inc. | ||||||||
3.38%, 11/15/2021 | 55,000 | 58,901 | ||||||
WellPoint, Inc. | ||||||||
3.70%, 08/15/2021 | 108,000 | 115,631 |
Principal | Value | |||||||
Hotels, Restaurants & Leisure - 0.1% | ||||||||
Caesars Entertainment Operating Co., Inc. | ||||||||
11.25%, 06/01/2017 | $ 410,000 | $ 433,575 | ||||||
Insurance - 0.9% | ||||||||
Allianz Finance II BV, | ||||||||
5.75%, 07/08/2041 (C) | EUR 100,000 | 154,779 | ||||||
American International Group, Inc. | ||||||||
3.80%, 03/22/2017 | $ 296,000 | 321,160 | ||||||
4.88%, 06/01/2022 (B) | 315,000 | 362,840 | ||||||
8.18%, 05/15/2068 (C) | 55,000 | 74,388 | ||||||
American International Group, Inc., | ||||||||
5.45%, 05/18/2017 | 165,000 | 188,873 | ||||||
AXA SA, Series EMTN | ||||||||
5.25%, 04/16/2040 (C) | EUR 100,000 | 139,660 | ||||||
Manulife Financial Corp. | ||||||||
3.40%, 09/17/2015 | $ 145,000 | 153,133 | ||||||
Metropolitan Life Global Funding I | ||||||||
3.88%, 04/11/2022 - 144A | 650,000 | 707,862 | ||||||
Muenchener Rueckversicherungs AG, | ||||||||
6.00%, 05/26/2041 - Reg S (C) | EUR 100,000 | 157,750 | ||||||
Prudential Financial, Inc. | ||||||||
5.20%, 03/15/2044 (C) | $ 10,000 | 10,175 | ||||||
5.88%, 09/15/2042 (B) (C) | 143,000 | 154,529 | ||||||
Prudential Financial, Inc., | ||||||||
4.50%, 11/15/2020 | 108,000 | 123,185 | ||||||
4.75%, 09/17/2015 | 263,000 | 286,509 | ||||||
5.38%, 06/21/2020 (B) | 210,000 | 248,989 | ||||||
7.38%, 06/15/2019 (B) | 175,000 | 225,538 | ||||||
XL Group PLC | ||||||||
6.50%, 04/15/2017 (B) (C) (H) | 285,000 | 280,013 | ||||||
Marine - 0.1% | ||||||||
DP World Sukuk, Ltd. | ||||||||
6.25%, 07/02/2017 - Reg S | 200,000 | 224,000 | ||||||
Media - 1.2% | ||||||||
CBS Corp. | ||||||||
4.63%, 05/15/2018 (B) | 70,000 | 78,835 | ||||||
5.75%, 04/15/2020 | 116,000 | 138,809 | ||||||
8.88%, 05/15/2019 | 220,000 | 294,323 | ||||||
Clear Channel Worldwide Holdings, Inc. | ||||||||
6.50%, 11/15/2022 - 144A | 400,000 | 429,000 | ||||||
Comcast Corp. | ||||||||
4.65%, 07/15/2042 (B) | 644,000 | 703,710 | ||||||
5.88%, 02/15/2018 | 291,000 | 352,271 | ||||||
COX Communications, Inc. | ||||||||
3.25%, 12/15/2022 - 144A | 719,000 | 744,558 | ||||||
4.70%, 12/15/2042 - 144A (B) | 89,000 | 90,833 | ||||||
8.38%, 03/01/2039 - 144A | 200,000 | 305,102 | ||||||
NBCUniversal Enterprise, Inc. | ||||||||
5.25%, 03/19/2021 - 144A (H) | 200,000 | 201,909 | ||||||
NBCUniversal Media LLC | ||||||||
2.88%, 01/15/2023 | 289,000 | 297,145 | ||||||
4.38%, 04/01/2021 | 175,000 | 201,878 | ||||||
4.45%, 01/15/2043 | 298,000 | 315,696 | ||||||
5.15%, 04/30/2020 | 175,000 | 212,008 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 75
Transamerica Multi-Managed Balanced
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Principal | Value | |||||||
Media (continued) | ||||||||
Time Warner Cable, Inc. | ||||||||
4.50%, 09/15/2042 | $ 412,000 | $ 391,877 | ||||||
Metals & Mining - 0.2% | ||||||||
Barrick Gold Corp. | ||||||||
2.50%, 05/01/2018 | 24,000 | 24,115 | ||||||
Freeport-McMoRan Copper & Gold, Inc. | ||||||||
3.10%, 03/15/2020 - 144A | 255,000 | 256,596 | ||||||
5.45%, 03/15/2043 - 144A | 212,000 | 215,060 | ||||||
Novelis, Inc. | ||||||||
8.75%, 12/15/2020 | 250,000 | 283,750 | ||||||
Multi-Utilities - 0.2% | ||||||||
Dominion Resources, Inc. | ||||||||
1.95%, 08/15/2016 | 235,000 | 242,516 | ||||||
MidAmerican Energy Holdings Co. | ||||||||
5.95%, 05/15/2037 | 435,000 | 553,983 | ||||||
Multiline Retail - 0.1% | ||||||||
Macy’s Retail Holdings, Inc. | ||||||||
2.88%, 02/15/2023 | 225,000 | 223,096 | ||||||
7.45%, 07/15/2017 | 220,000 | 271,282 | ||||||
Oil, Gas & Consumable Fuels - 1.3% | ||||||||
Anadarko Petroleum Corp. | ||||||||
5.95%, 09/15/2016 | 282,000 | 324,267 | ||||||
Energy Transfer Partners, LP | ||||||||
3.60%, 02/01/2023 | 370,000 | 377,615 | ||||||
6.50%, 02/01/2042 | 242,000 | 291,477 | ||||||
EOG Resources, Inc. | ||||||||
2.63%, 03/15/2023 | 140,000 | 140,848 | ||||||
Laredo Petroleum, Inc. | ||||||||
7.38%, 05/01/2022 | 180,000 | 198,000 | ||||||
Linn Energy LLC / Linn Energy Finance Corp. | ||||||||
6.25%, 11/01/2019 - 144A | 240,000 | 250,800 | ||||||
MEG Energy Corp. | ||||||||
6.38%, 01/30/2023 - 144A (B) | 65,000 | 68,575 | ||||||
6.50%, 03/15/2021 - 144A | 150,000 | 160,875 | ||||||
Murphy Oil Corp. | ||||||||
2.50%, 12/01/2017 (B) | 230,000 | 234,014 | ||||||
3.70%, 12/01/2022 | 221,000 | 220,906 | ||||||
4.00%, 06/01/2022 | 50,000 | 51,406 | ||||||
5.13%, 12/01/2042 (B) | 40,000 | 38,889 | ||||||
Nexen, Inc. | ||||||||
5.88%, 03/10/2035 | 10,000 | 12,181 | ||||||
6.40%, 05/15/2037 | 220,000 | 287,919 | ||||||
7.50%, 07/30/2039 | 175,000 | 259,579 | ||||||
Noble Energy Inc | ||||||||
4.15%, 12/15/2021 | 80,000 | 89,430 | ||||||
6.00%, 03/01/2041 | 140,000 | 176,210 | ||||||
Novatek OAO via Novatek Finance, Ltd. | ||||||||
4.42%, 12/13/2022 - 144A | 200,000 | 201,250 | ||||||
Peabody Energy Corp. | ||||||||
6.25%, 11/15/2021 (B) | 135,000 | 143,944 | ||||||
Range Resources Corp. | ||||||||
5.75%, 06/01/2021 (B) | 40,000 | 43,700 | ||||||
7.25%, 05/01/2018 | 300,000 | 310,875 | ||||||
Rosneft Oil Co. via Rosneft International Finance, Ltd. | ||||||||
4.20%, 03/06/2022 - 144A | 200,000 | 201,000 | ||||||
Sibur Securities, Ltd. | ||||||||
3.91%, 01/31/2018 - 144A (B) | 200,000 | 196,550 |
Principal | Value | |||||||
Oil, Gas & Consumable Fuels (continued) | ||||||||
Western Gas Partners, LP | ||||||||
4.00%, 07/01/2022 | $ 117,000 | $ 123,509 | ||||||
5.38%, 06/01/2021 | 422,000 | 484,017 | ||||||
Williams Cos., Inc. | ||||||||
3.70%, 01/15/2023 | 150,000 | 151,517 | ||||||
7.88%, 09/01/2021 | 185,000 | 240,294 | ||||||
Paper & Forest Products - 0.2% | ||||||||
International Paper Co. | ||||||||
4.75%, 02/15/2022 (B) | 537,000 | 611,402 | ||||||
6.00%, 11/15/2041 (B) | 115,000 | 139,967 | ||||||
Pharmaceuticals - 0.1% | ||||||||
Teva Pharmaceutical Finance Co., BV | ||||||||
2.95%, 12/18/2022 (B) | 233,000 | 237,805 | ||||||
3.65%, 11/10/2021 (B) | 70,000 | 75,723 | ||||||
Teva Pharmaceutical Finance IV BV | ||||||||
3.65%, 11/10/2021 | 170,000 | 183,899 | ||||||
Real Estate Investment Trusts - 0.1% | ||||||||
Ventas Realty, LP / Ventas Capital Corp. | ||||||||
2.70%, 04/01/2020 | 55,000 | 55,891 | ||||||
4.75%, 06/01/2021 | 120,000 | 135,225 | ||||||
Vornado Realty, LP | ||||||||
5.00%, 01/15/2022 | 250,000 | 283,418 | ||||||
Real Estate Management & Development - 0.1% |
| |||||||
Realogy Corp. | ||||||||
7.88%, 02/15/2019 - 144A | 270,000 | 301,388 | ||||||
Road & Rail - 0.1% | ||||||||
Burlington Northern Santa Fe LLC | ||||||||
3.00%, 03/15/2023 (B) | 243,000 | 249,657 | ||||||
Software - 0.1% | ||||||||
First Data Corp. | ||||||||
7.38%, 06/15/2019 - 144A | 200,000 | 217,500 | ||||||
Specialty Retail - 0.1% |
| |||||||
QVC, Inc. | ||||||||
4.38%, 03/15/2023 - 144A | 10,000 | 10,241 | ||||||
5.95%, 03/15/2043 - 144A (B) | 36,000 | 37,009 | ||||||
7.50%, 10/01/2019 - 144A | 145,000 | 159,873 | ||||||
Wireless Telecommunication Services - 0.6% |
| |||||||
America Movil SAB de CV | ||||||||
2.38%, 09/08/2016 | 300,000 | 311,650 | ||||||
3.13%, 07/16/2022 | 200,000 | 203,525 | ||||||
Crown Castle Towers LLC | ||||||||
6.11%, 01/15/2020 - 144A | 545,000 | 669,709 | ||||||
MetroPCS Wireless, Inc. | ||||||||
7.88%, 09/01/2018 (B) | 12,000 | 13,215 | ||||||
SBA Tower Trust | ||||||||
5.10%, 04/17/2017 - 144A | 650,000 | 726,191 | ||||||
Sprint Nextel Corp. | ||||||||
9.00%, 11/15/2018 - 144A | 305,000 | 375,150 | ||||||
|
| |||||||
Total Corporate Debt Securities (cost $43,848,978) |
| 45,931,069 | ||||||
|
| |||||||
STRUCTURED NOTES DEBT - 0.2% | ||||||||
Diversified Financial Services - 0.2% | ||||||||
Tiers Trust | ||||||||
2.04%, 05/12/2014 - 144A (C) | 740,000 | 740,000 | ||||||
|
| |||||||
Total Structured Notes Debt (cost $740,115) |
| 740,000 | ||||||
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 76
Transamerica Multi-Managed Balanced
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Principal | Value | |||||||
SHORT-TERM U.S. GOVERNMENT OBLIGATION - 0.1% |
| |||||||
U.S. Treasury Bill | ||||||||
0.03%, 05/30/2013 (A) (F) (I) | $ 340,000 | $ 339,952 | ||||||
|
| |||||||
Total Short-Term U.S. Government Obligation |
| 339,952 | ||||||
|
| |||||||
Shares | Value | |||||||
PREFERRED STOCKS - 0.1% | ||||||||
Capital Markets - 0.0% (G) | ||||||||
Goldman Sachs Group, Inc. - Series J, | ||||||||
5.50% (B) (C) | 4,748 | 122,071 | ||||||
Diversified Financial Services - 0.1% | ||||||||
Citigroup Capital XIII, 7.88% (C) | 5,463 | 154,275 | ||||||
Insurance - 0.0% (G) | ||||||||
Allstate Corp., 5.10% (C) | 1,620 | 42,946 | ||||||
|
| |||||||
Total Preferred Stocks (cost $303,052) |
| 319,292 | ||||||
|
| |||||||
COMMON STOCKS - 60.1% | ||||||||
Aerospace & Defense - 1.7% | ||||||||
General Dynamics Corp. | 5,521 | 408,333 | ||||||
Honeywell International, Inc. | 33,618 | 2,472,268 | ||||||
Northrop Grumman Corp. | 4,128 | 312,655 | ||||||
United Technologies Corp. | 39,357 | 3,592,900 | ||||||
Air Freight & Logistics - 0.1% | ||||||||
FedEx Corp. | 5,895 | 554,189 | ||||||
Airlines - 0.1% | ||||||||
Southwest Airlines Co. | 22,096 | 302,715 | ||||||
Automobiles - 0.6% | ||||||||
General Motors Co. (B) (J) | 71,711 | 2,211,567 | ||||||
Beverages - 1.9% | ||||||||
Beam, Inc. | 8,382 | 542,399 | ||||||
Coca-Cola Co. | 74,571 | 3,156,591 | ||||||
Coca-Cola Enterprises, Inc. | 29,164 | 1,068,277 | ||||||
Dr. Pepper Snapple Group, Inc. | 11,569 | 564,914 | ||||||
PepsiCo, Inc. | 25,339 | 2,089,708 | ||||||
Biotechnology - 1.9% | ||||||||
Alexion Pharmaceuticals, Inc. (J) | 6,595 | 646,310 | ||||||
Biogen IDEC, Inc. (J) | 13,833 | 3,028,459 | ||||||
Celgene Corp. (J) | 21,959 | 2,592,699 | ||||||
Onyx Pharmaceuticals, Inc. (B) (J) | 4,793 | 454,376 | ||||||
Vertex Pharmaceuticals, Inc. (J) | 9,758 | 749,610 | ||||||
Building Products - 0.2% | ||||||||
Masco Corp. | 52,004 | 1,010,958 | ||||||
Capital Markets - 1.5% | ||||||||
Franklin Resources, Inc. | 7 | 1,083 | ||||||
Goldman Sachs Group, Inc. | 13,560 | 1,980,709 | ||||||
Invesco, Ltd. | 44,874 | 1,424,301 | ||||||
Morgan Stanley | 36,383 | 805,883 | ||||||
State Street Corp. | 32,029 | 1,872,736 | ||||||
Chemicals - 1.1% | ||||||||
Air Products & Chemicals, Inc. | 13,338 | 1,159,873 | ||||||
Axiall Corp. (J) | 11,052 | 579,677 | ||||||
CF Industries Holdings, Inc. - Class B | 1,277 | 238,173 | ||||||
Dow Chemical Co. | 44,525 | 1,509,843 | ||||||
E.I. du Pont de Nemours & Co. | 19,600 | 1,068,396 | ||||||
Commercial Banks - 1.8% | ||||||||
BB&T Corp. | 11,348 | 349,178 | ||||||
CIT Group, Inc. (J) | 2,357 | 100,196 | ||||||
Comerica, Inc. - Class A (B) | 9,766 | 354,018 |
Shares | Value | |||||||
Commercial Banks (continued) | ||||||||
Regions Financial Corp. | 1,504 | $ 12,769 | ||||||
SunTrust Banks, Inc. | 24,882 | 727,798 | ||||||
Wells Fargo & Co. | 144,000 | 5,469,120 | ||||||
Commercial Services & Supplies - 0.2% | ||||||||
Tyco International, Ltd. | 25,888 | 831,522 | ||||||
Communications Equipment - 1.3% | ||||||||
Cisco Systems, Inc. | 150,765 | 3,154,004 | ||||||
QUALCOMM, Inc. | 31,145 | 1,919,155 | ||||||
Computers & Peripherals - 2.2% | ||||||||
Apple, Inc. | 15,357 | 6,799,312 | ||||||
EMC Corp. (J) | 59,013 | 1,323,661 | ||||||
Hewlett-Packard Co. | 32,340 | 666,204 | ||||||
NetApp, Inc. (J) | 6,099 | 212,794 | ||||||
Construction & Engineering - 0.5% | ||||||||
Fluor Corp. | 32,332 | 1,842,277 | ||||||
Consumer Finance - 0.3% | ||||||||
Capital One Financial Corp. | 23,714 | 1,370,195 | ||||||
Containers & Packaging - 0.2% | ||||||||
Crown Holdings, Inc. (J) | 19,295 | 823,511 | ||||||
Diversified Financial Services - 2.0% | ||||||||
Bank of America Corp. | 270,784 | 3,333,351 | ||||||
Citigroup, Inc. | 82,982 | 3,871,940 | ||||||
CME Group, Inc. - Class A | 5,102 | 310,508 | ||||||
IntercontinentalExchange, Inc. (B) (J) | 4,036 | 657,585 | ||||||
Diversified Telecommunication Services - 1.3% |
| |||||||
AT&T, Inc. | 61,726 | 2,312,256 | ||||||
Verizon Communications, Inc. | 56,337 | 3,037,128 | ||||||
Electric Utilities - 1.4% | ||||||||
Edison International | 25,352 | 1,363,938 | ||||||
Exelon Corp. | 25,428 | 953,804 | ||||||
NextEra Energy, Inc. | 28,913 | 2,371,733 | ||||||
NV Energy, Inc. | 37,548 | 812,163 | ||||||
Electrical Equipment - 0.6% | ||||||||
Emerson Electric Co. | 46,679 | 2,591,151 | ||||||
Electronic Equipment & Instruments - 0.0% (G) |
| |||||||
Corning, Inc. | 7,953 | 115,318 | ||||||
Energy Equipment & Services - 1.5% | ||||||||
Cameron International Corp. (J) | 5,219 | 321,229 | ||||||
Ensco PLC - Class A | 26,512 | 1,529,212 | ||||||
National Oilwell Varco, Inc. | 18,314 | 1,194,439 | ||||||
Noble Corp. | 17,336 | 650,100 | ||||||
Schlumberger, Ltd. | 28,871 | 2,148,869 | ||||||
Food & Staples Retailing - 1.0% | ||||||||
CVS Caremark Corp. | 38,249 | 2,225,327 | ||||||
Kroger Co. | 21,956 | 754,847 | ||||||
Wal-Mart Stores, Inc. | 12,340 | 959,065 | ||||||
Food Products - 1.4% | ||||||||
Archer-Daniels-Midland Co. | 49,755 | 1,688,685 | ||||||
General Mills, Inc. | 33,092 | 1,668,498 | ||||||
Mondelez International, Inc. - Class A | 69,177 | 2,175,617 | ||||||
Gas Utilities - 0.1% | ||||||||
Questar Corp. | 8,090 | 205,405 | ||||||
Health Care Equipment & Supplies - 1.4% | ||||||||
Baxter International, Inc. | 14,877 | 1,039,456 | ||||||
Boston Scientific Corp. (J) | 80,608 | 603,754 | ||||||
CareFusion Corp. - Class A (J) | 31,202 | 1,043,395 | ||||||
Covidien PLC | 29,344 | 1,873,321 | ||||||
Intuitive Surgical, Inc. (J) | 1,799 | 885,629 | ||||||
St. Jude Medical, Inc. | 5,064 | 208,738 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 77
Transamerica Multi-Managed Balanced
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Shares | Value | |||||||
Health Care Providers & Services - 1.1% | ||||||||
DaVita HealthCare Partners, Inc. (J) | 6,569 | $ 779,412 | ||||||
Humana, Inc. - Class A | 17,798 | 1,319,010 | ||||||
UnitedHealth Group, Inc. | 39,735 | 2,381,318 | ||||||
Health Care Technology - 0.2% | ||||||||
athenahealth, Inc. (B) (J) | 5,288 | 509,023 | ||||||
Cerner Corp. (B) (J) | 3,681 | 356,210 | ||||||
Hotels, Restaurants & Leisure - 0.5% | ||||||||
Carnival Corp. | 10,972 | 378,644 | ||||||
Royal Caribbean Cruises, Ltd. - Class A | 20,633 | 753,723 | ||||||
Wynn Resorts, Ltd. | 352 | 48,330 | ||||||
Yum! Brands, Inc. | 10,884 | 741,418 | ||||||
Household Durables - 0.3% | ||||||||
Lennar Corp. - Class A (B) | 6,652 | 274,196 | ||||||
NVR, Inc. (J) | 96 | 98,880 | ||||||
PulteGroup, Inc. (B) (J) | 35,263 | 740,170 | ||||||
Household Products - 1.3% | ||||||||
Kimberly-Clark Corp. | 13,230 | 1,365,204 | ||||||
Procter & Gamble Co. | 47,946 | 3,680,814 | ||||||
Industrial Conglomerates - 0.8% | ||||||||
3M Co. | 8,940 | 936,107 | ||||||
General Electric Co. | 96,034 | 2,140,598 | ||||||
Insurance - 2.2% | ||||||||
ACE, Ltd. | 16,391 | 1,461,094 | ||||||
Aflac, Inc. | 5,539 | 301,543 | ||||||
American International Group, Inc. (J) | 18,740 | 776,211 | ||||||
AON PLC | 8,291 | 500,362 | ||||||
Berkshire Hathaway, Inc. - Class B (J) | 19,527 | 2,076,111 | ||||||
Everest RE Group, Ltd. | 2,550 | 344,224 | ||||||
Hartford Financial Services Group, Inc. | 25,515 | 716,716 | ||||||
MetLife, Inc. | 48,594 | 1,894,680 | ||||||
Prudential Financial, Inc. | 14,161 | 855,608 | ||||||
Internet & Catalog Retail - 0.6% | ||||||||
Amazon.com, Inc. (J) | 6,535 | 1,658,648 | ||||||
Expedia, Inc. | 4,109 | 229,447 | ||||||
priceline.com, Inc. (J) | 511 | 355,651 | ||||||
Internet Software & Services - 1.6% | ||||||||
eBay, Inc. (J) | 15,613 | 817,965 | ||||||
Google, Inc. - Class A (J) | 6,979 | 5,754,674 | ||||||
IT Services - 1.9% | ||||||||
Accenture PLC - Class A | 7,711 | 627,984 | ||||||
Cognizant Technology Solutions Corp. - Class A (J) | 12,110 | 784,728 | ||||||
International Business Machines Corp. | 16,487 | 3,339,277 | ||||||
Jack Henry & Associates, Inc. | 5,326 | 247,126 | ||||||
Visa, Inc. - Class A | 14,412 | 2,427,846 | ||||||
Life Sciences Tools & Services - 0.2% | ||||||||
Mettler-Toledo International, Inc. (B) (J) | 2,953 | 617,059 | ||||||
Thermo Fisher Scientific, Inc. | 2,216 | 178,787 | ||||||
Machinery - 0.7% | ||||||||
Cummins, Inc. | 1,780 | 189,374 | ||||||
Deere & Co. | 8,953 | 799,503 | ||||||
PACCAR, Inc. | 30,655 | 1,526,006 | ||||||
SPX Corp. | 2,900 | 216,079 | ||||||
Media - 2.4% | ||||||||
CBS Corp. - Class B | 32,039 | 1,466,745 | ||||||
Comcast Corp. - Class A | 68,609 | 2,833,552 | ||||||
DIRECTV (J) | 5,599 | 316,679 | ||||||
DISH Network Corp. - Class A | 5,867 | 229,928 | ||||||
Time Warner Cable, Inc. | 10,046 | 943,219 |
Shares | Value | |||||||
Media (continued) | ||||||||
Time Warner, Inc. | 50,266 | $ 3,004,902 | ||||||
Walt Disney Co. - Class A | 9,824 | 617,340 | ||||||
Metals & Mining - 0.3% | ||||||||
Alcoa, Inc. (B) | 89,568 | 761,328 | ||||||
Freeport-McMoRan Copper & Gold, Inc. | 5,291 | 161,005 | ||||||
Nucor Corp. | 2,562 | 111,755 | ||||||
Walter Energy, Inc. (B) | 5,749 | 103,022 | ||||||
Multi-Utilities - 0.8% | ||||||||
NiSource, Inc. - Class B | 37,107 | 1,140,298 | ||||||
Sempra Energy | 23,687 | 1,962,468 | ||||||
Multiline Retail - 0.8% | ||||||||
Macy’s, Inc. | 12,254 | 546,528 | ||||||
Nordstrom, Inc. | 2,538 | 143,626 | ||||||
Target Corp. | 37,205 | 2,625,185 | ||||||
Oil, Gas & Consumable Fuels - 4.9% | ||||||||
Anadarko Petroleum Corp. - Class A | 13,600 | 1,152,736 | ||||||
Apache Corp. | 6,982 | 515,830 | ||||||
Cheniere Energy, Inc. (J) | 14,711 | 418,969 | ||||||
Chevron Corp. | 28,563 | 3,484,972 | ||||||
ConocoPhillips | 36,840 | 2,226,978 | ||||||
EOG Resources, Inc. | 11,716 | 1,419,510 | ||||||
Exxon Mobil Corp. | 70,721 | 6,293,462 | ||||||
Marathon Petroleum Corp. | 9,386 | 735,487 | ||||||
Occidental Petroleum Corp. | 13,709 | 1,223,665 | ||||||
Phillips 66 | 10,439 | 636,257 | ||||||
Range Resources Corp. | 2,853 | 209,753 | ||||||
Williams Cos., Inc. | 35,628 | 1,358,496 | ||||||
Pharmaceuticals - 3.0% | ||||||||
Allergan, Inc. | 11,499 | 1,305,711 | ||||||
Bristol-Myers Squibb Co. | 38,618 | 1,533,907 | ||||||
Johnson & Johnson (B) | 60,091 | 5,121,556 | ||||||
Merck & Co., Inc. | 59,449 | 2,794,103 | ||||||
Pfizer, Inc. | 41,396 | 1,203,382 | ||||||
Real Estate Investment Trusts - 1.3% | ||||||||
Alexandria Real Estate Equities, Inc. | 3,323 | 241,815 | ||||||
American Campus Communities, Inc. - Class A | 5,390 | 240,610 | ||||||
Apartment Investment & Management | 3,796 | 118,093 | ||||||
Boston Properties, Inc. | 1,081 | 118,294 | ||||||
CBL & Associates Properties, Inc. | 26,810 | 647,193 | ||||||
DiamondRock Hospitality Co. | 23,758 | 237,105 | ||||||
Equity Residential | 11,334 | 658,052 | ||||||
Host Hotels & Resorts, Inc. (B) | 27,644 | 505,056 | ||||||
LaSalle Hotel Properties | 24,571 | 637,126 | ||||||
Plum Creek Timber Co., Inc. (B) | 7,976 | 411,083 | ||||||
Post Properties, Inc. | 4,598 | 227,279 | ||||||
ProLogis, Inc. - Class A | 2,834 | 118,886 | ||||||
Simon Property Group, Inc. | 6,615 | 1,177,933 | ||||||
Weyerhaeuser Co. | 51 | 1,556 | ||||||
Real Estate Management & Development - 0.0% (G) |
| |||||||
St. Joe Co. (B) (J) | 9,421 | 184,369 | ||||||
Road & Rail - 1.3% | ||||||||
CSX Corp. | 85,478 | 2,101,904 | ||||||
Union Pacific Corp. | 20,235 | 2,993,971 | ||||||
Semiconductors & Semiconductor Equipment - 1.3% |
| |||||||
Applied Materials, Inc. - Class A | 17,886 | 259,526 | ||||||
Broadcom Corp. - Class A | 55,634 | 2,002,824 | ||||||
KLA-Tencor Corp. | 16,511 | 895,722 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 78
Transamerica Multi-Managed Balanced
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Shares | Value | |||||||
Semiconductors & Semiconductor Equipment (continued) |
| |||||||
LAM Research Corp. (J) | 17,086 | $ 789,715 | ||||||
Micron Technology, Inc. (J) | 27,619 | 260,171 | ||||||
Texas Instruments, Inc. | 25,503 | 923,464 | ||||||
Xilinx, Inc. | 7,273 | 275,719 | ||||||
Software - 2.3% | ||||||||
Adobe Systems, Inc. (J) | 20,653 | 931,037 | ||||||
Citrix Systems, Inc. (J) | 13,051 | 811,381 | ||||||
Microsoft Corp. | 140,735 | 4,658,328 | ||||||
Oracle Corp. | 86,741 | 2,843,370 | ||||||
VMware, Inc. - Class A (J) | 1,938 | 136,629 | ||||||
Specialty Retail - 2.1% | ||||||||
AutoZone, Inc. (J) | 3,886 | 1,589,725 | ||||||
Bed Bath & Beyond, Inc. (B) (J) | 250 | 17,200 | ||||||
Home Depot, Inc. | 37,142 | 2,724,366 | ||||||
Lowe’s Cos., Inc. | 53,517 | 2,056,123 | ||||||
O’Reilly Automotive, Inc. (J) | 1,182 | 126,852 | ||||||
Ross Stores, Inc. | 8,120 | 536,488 | ||||||
TJX Cos., Inc. | 29,440 | 1,435,789 | ||||||
Textiles, Apparel & Luxury Goods - 0.5% |
| |||||||
Coach, Inc. - Class A (B) | 4,412 | 259,690 | ||||||
V.F. Corp. | 10,181 | 1,814,458 | ||||||
Tobacco - 1.1% | ||||||||
Philip Morris International, Inc. | 44,818 | 4,284,153 | ||||||
Trading Companies & Distributors - 0.2% |
| |||||||
WW Grainger, Inc. | 3,409 | 840,216 | ||||||
Wireless Telecommunication Services - 0.1% |
| |||||||
Sprint Nextel Corp. (J) | 51,396 | 362,342 | ||||||
|
| |||||||
Total Common Stocks (cost $193,795,474) |
| 240,519,504 | ||||||
|
| |||||||
Contracts | Value | |||||||
PURCHASED OPTIONS - 0.0% (G) | ||||||||
Put Options - 0.0% (G) | ||||||||
Eurodollar, Mid-Curve 2-Year Future | 121 | 3,025 | ||||||
Eurodollar, Mid-Curve 2-Year Future | 41 | 6,663 | ||||||
|
| |||||||
Total Purchased Options (cost $30,618) |
| 9,688 | ||||||
|
| |||||||
Shares | Value | |||||||
SHORT-TERM INVESTMENT COMPANY - 4.0% |
| |||||||
BlackRock Provident TempFund 24 (K) | 15,854,165 | 15,854,165 | ||||||
|
| |||||||
Total Short-Term Investment Company |
| 15,854,165 | ||||||
|
| |||||||
SECURITIES LENDING COLLATERAL - 4.7% |
| |||||||
State Street Navigator Securities Lending Trust - Prime Portfolio, 0.18% (I) | 19,024,926 | 19,024,926 | ||||||
|
| |||||||
Total Securities Lending Collateral |
| 19,024,926 | ||||||
|
|
Principal | Value | |||||||
REPURCHASE AGREEMENT - 1.2% |
| |||||||
State Street Bank & Trust Co. | $ 4,801,155 | $ 4,801,155 | ||||||
|
| |||||||
Total Repurchase Agreement (cost $4,801,155) |
| 4,801,155 | ||||||
|
| |||||||
Total Investment Securities (cost $391,681,871) (L) |
| 442,636,921 | ||||||
Other Assets and Liabilities - Net |
| (42,862,336 | ) | |||||
|
| |||||||
Net Assets |
| $ 399,774,585 | ||||||
|
| |||||||
Principal | Value | |||||||
TBA SHORT COMMITMENTS - (3.8%) | ||||||||
U.S. GOVERNMENT AGENCY OBLIGATIONS - (3.8%) |
| |||||||
Fannie Mae, TBA | ||||||||
3.00% | $ (1,000,000 | ) | $ (1,045,938 | ) | ||||
3.50% | (2,400,000 | ) | (2,553,558 | ) | ||||
4.00% | (1,000,000 | ) | (1,068,750 | ) | ||||
4.50% | (2,000,000 | ) | (2,156,094 | ) | ||||
5.50% | (2,000,000 | ) | (2,174,688 | ) | ||||
Freddie Mac, TBA | ||||||||
3.00% | (3,700,000 | ) | (3,845,641 | ) | ||||
Ginnie Mae, TBA | ||||||||
4.00% | (600,000 | ) | (656,110 | ) | ||||
4.50% | (1,500,000 | ) | (1,642,734 | ) | ||||
|
| |||||||
Total U.S. Government Agency Obligations (proceeds $(15,082,606)) |
| (15,143,513 | ) | |||||
|
| |||||||
Total TBA Short Commitments |
| (15,143,513 | ) | |||||
|
| |||||||
Contracts | Value | |||||||
WRITTEN OPTIONS - (0.0%) (G) | ||||||||
Put Option - (0.0%) (G) | ||||||||
Eurodollar, Mid-Curve 3-Year Future Exercise Price $98.13 | 60 | (3,000 | ) | |||||
|
| |||||||
Total Written Options (premiums $(14,911)) |
| (3,000 | ) | |||||
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 79
Transamerica Multi-Managed Balanced
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
FUTURES CONTRACTS: | ||||||||||||||||
Description | Type | Contracts | Expiration Date | Unrealized Appreciation (Depreciation) | ||||||||||||
10-Year U.S. Treasury Note | Short | (92 | ) | 06/19/2013 | $ | (98,282 | ) | |||||||||
2-Year U.S. Treasury Note | Long | 40 | 06/28/2013 | 6,625 | ||||||||||||
30-Year U.S. Treasury Bond | Long | 8 | 06/19/2013 | 32,254 | ||||||||||||
5-Year U.S. Treasury Note | Long | 132 | 06/28/2013 | 136,001 | ||||||||||||
S&P 500 E-Mini Index | Long | 64 | 06/21/2013 | 125,825 | ||||||||||||
Ultra Long U.S. Treasury Bond | Long | 27 | 06/19/2013 | 157,713 | ||||||||||||
|
| |||||||||||||||
$ | 360,136 | |||||||||||||||
|
|
FORWARD FOREIGN CURRENCY CONTRACTS: | ||||||||||||||||||||
Currency | Counterparty | Contracts (Sold) | Settlement Date | Amount in U.S. Dollars (Sold) | Net Unrealized (Depreciation) | |||||||||||||||
EUR | CITI | (280,000 | ) | 06/19/2013 | $ | (358,109 | ) | $ | (10,758 | ) | ||||||||||
EUR | CITI | (1,003,996 | ) | 07/23/2013 | (1,318,247 | ) | (4,737 | ) | ||||||||||||
|
| |||||||||||||||||||
$ | (15,495 | ) | ||||||||||||||||||
|
|
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 April 30, 2013:
Counterparty | Total Market Value of OTC Derivatives | Collateral (Received) Pledged | Net Exposures(1) | |||||||||
CITI | $ | (15,495 | ) | $ | — | $ | (15,495 | ) |
(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:
(A) | All or a portion of this security has been segregated by the custodian with the broker as collateral to cover margin requirements for open futures contracts. Total value of securities segregated as collateral to cover margin requirements for open futures contracts is $506,302. |
(B) | All or a portion of this security is on loan. The value of all securities on loan is $18,620,692. The amount of securities on loan indicated may not correspond with the securities on loan identified because securities with pending sales are in the process of recall from the brokers. |
(C) | Floating or variable rate note. Rate is listed as of April 30, 2013. |
(D) | 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 $299,526, or 0.07% of the fund’s net assets. |
(E) | Step bond - Coupon rate changes in increments to maturity. Rate disclosed is as of April 30, 2013. Maturity date disclosed is the ultimate maturity date. |
(F) | When-issued security. A conditional transaction in a security authorized for issuance, but not yet issued. |
(G) | Percentage rounds to less than 0.1%. |
(H) | The security has a perpetual maturity. The date shown is the next call date. |
(I) | Rate shown reflects the yield at April 30, 2013. |
(J) | Non-income producing security. |
(K) | The investment issuer is affiliated with the sub-adviser of the fund. |
(L) | Aggregate cost for federal income tax purposes is $391,681,871. Aggregate gross unrealized appreciation and depreciation for all securities in which there is an excess of value over tax cost were $52,292,282 and $1,337,232, respectively. Net unrealized appreciation for tax purposes is $50,955,050. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 80
Transamerica Multi-Managed Balanced
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
DEFINITIONS:
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 April 30, 2013, these securities aggregated $37,717,918 or 9.43% of the fund’s net assets. | |
CITI | Citigroup, Inc. | |
EMTN | European Medium Term Note | |
GMTN | Global Medium Term Note | |
IO | Interest Only | |
MTN | Medium Term Note | |
OAO | Otkrytoe Aktsionernoe Obschestvo (Russian: Open Joint Stock Corporation) | |
OTC | Over the Counter | |
REMIC | Real Estate Mortgage Investment Conduits (consist of a fixed pool of mortgages broken apart and marketed to investors as individual securities) | |
Reg S | Security exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside the United States. Security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933. | |
TBA | To Be Announced |
CURRENCY ABBREVIATION:
EUR | Euro |
VALUATION SUMMARY: (M)
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
ASSETS | ||||||||||||||||
Investment Securities | ||||||||||||||||
U.S. Government Obligations | $ | — | $ | 5,530,661 | $ | — | $ | 5,530,661 | ||||||||
U.S. Government Agency Obligations | — | 63,594,399 | — | 63,594,399 | ||||||||||||
Foreign Government Obligations | — | 3,203,588 | — | 3,203,588 | ||||||||||||
Mortgage-Backed Securities | — | 23,169,916 | — | 23,169,916 | ||||||||||||
Asset-Backed Securities | — | 19,097,997 | — | 19,097,997 | ||||||||||||
Preferred Corporate Debt Securities | — | 500,609 | — | 500,609 | ||||||||||||
Corporate Debt Securities | — | 45,931,069 | — | 45,931,069 | ||||||||||||
Structured Notes Debt | — | 740,000 | — | 740,000 | ||||||||||||
Short-Term U.S. Government Obligation | — | 339,952 | — | 339,952 | ||||||||||||
Preferred Stocks | 319,292 | — | — | 319,292 | ||||||||||||
Common Stocks | 240,519,504 | — | — | 240,519,504 | ||||||||||||
Purchased Options | 9,688 | — | — | 9,688 | ||||||||||||
Short-Term Investment Company | 15,854,165 | — | — | 15,854,165 | ||||||||||||
Securities Lending Collateral | 19,024,926 | — | — | 19,024,926 | ||||||||||||
Repurchase Agreement | — | 4,801,155 | — | 4,801,155 | ||||||||||||
Total Investment Securities | $ | 275,727,575 | $ | 166,909,346 | $ | — | $ | 442,636,921 | ||||||||
Derivative Financial Instruments | ||||||||||||||||
Futures Contracts (N) | $ | 458,418 | $ | — | $ | — | $ | 458,418 | ||||||||
Total Derivative Financial Instruments | $ | 458,418 | $ | — | $ | — | $ | 458,418 | ||||||||
Other Assets (O) | ||||||||||||||||
Foreign Currency | $ | 13,643 | $ | — | $ | — | $ | 13,643 | ||||||||
Total Other Assets | $ | 13,643 | $ | — | $ | — | $ | 13,643 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 81
Transamerica Multi-Managed Balanced
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
VALUATION SUMMARY (continued): (M) | ||||||||||||||||
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
LIABILITIES | ||||||||||||||||
TBA Short Commitments | ||||||||||||||||
U.S. Government Agency Obligations | $ | — | $ | (15,143,513 | ) | $ | — | $ | (15,143,513 | ) | ||||||
Total TBA Short Commitments | $ | — | $ | (15,143,513 | ) | $ | — | $ | (15,143,513 | ) | ||||||
Derivative Financial Instruments | ||||||||||||||||
Forward Foreign Currency Contracts (N) | $ | — | $ | (15,495 | ) | $ | — | $ | (15,495 | ) | ||||||
Futures Contracts (N) | (98,282 | ) | — | — | (98,282 | ) | ||||||||||
Written Options | (3,000 | ) | — | — | (3,000 | ) | ||||||||||
Total Derivative Financial Instruments | $ | (101,282 | ) | $ | (15,495 | ) | $ | — | $ | (116,777 | ) | |||||
Other Liabilities (O) | ||||||||||||||||
Collateral for Securities on Loan | $ | — | $ | (19,024,926 | ) | $ | — | $ | (19,024,926 | ) | ||||||
Total Other Liabilities | $ | — | $ | (19,024,926 | ) | $ | — | $ | (19,024,926 | ) |
(M) | Transfers between levels are considered to have occurred at the end of the reporting period. There were no transfers between Levels 1 and 2 during the period ended April 30, 2013. See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
(N) | Other financial instruments are derivative instruments that are valued at unrealized appreciation (depreciation) on the instrument. |
(O) | Certain assets and liabilities are held at carrying amount or face value, which approximates fair value for financial reporting purposes. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 82
Transamerica Short-Term Bond
SCHEDULE OF INVESTMENTS
At April 30, 2013
(unaudited)
Principal | Value | |||||||
U.S. GOVERNMENT AGENCY OBLIGATION - 0.0% (A) |
| |||||||
Freddie Mac | ||||||||
2.89%, 08/01/2037 (B) | $ 653,713 | $ 702,554 | ||||||
|
| |||||||
Total U.S. Government Agency Obligation (cost $662,880) |
| 702,554 | ||||||
|
| |||||||
MORTGAGE-BACKED SECURITIES - 21.4% |
| |||||||
7 WTC Depositor LLC Trust | ||||||||
Series 2012-7WTC, Class A | ||||||||
4.08%, 03/13/2031 - 144A | 10,454,029 | 11,011,918 | ||||||
American General Mortgage Loan Trust | ||||||||
Series 2009-1, Class A5 | ||||||||
5.75%, 09/25/2048 - 144A (B) | 12,527,583 | 12,643,476 | ||||||
Series 2009-1, Class A6 | ||||||||
5.75%, 09/25/2048 - 144A (B) | 20,610,912 | 21,275,531 | ||||||
Banc of America Funding Corp. | ||||||||
Series 2010-R4, Class 1A1 | ||||||||
5.50%, 07/26/2036 - 144A | 3,836,815 | 3,991,530 | ||||||
Series 2010-R6, Class 3A1 | ||||||||
6.25%, 09/26/2037 - 144A | 3,524,710 | 3,679,628 | ||||||
Series 2010-R6, Class 4A1 | ||||||||
3.02%, 07/26/2035 - 144A (B) | 1,848,592 | 1,836,978 | ||||||
Series 2011-R1, Class A1 | ||||||||
4.00%, 08/26/2036 - 144A (B) | 562,785 | 564,896 | ||||||
Banc of America Large Loan Trust | ||||||||
Series 2007-BMB1, Class D | ||||||||
1.40%, 08/15/2029 - 144A (B) | 7,017,000 | 6,818,229 | ||||||
Banc of America Large Loan, Inc. | ||||||||
Series 2007-BMB1, Class A2 | ||||||||
0.95%, 08/15/2029 - 144A (B) | 4,581,758 | 4,517,535 | ||||||
Series 2007-BMB1, Class B | ||||||||
1.15%, 08/15/2029 - 144A (B) | 20,163,000 | 19,793,473 | ||||||
BCAP LLC Trust | ||||||||
Series 2006-RR1, Class PD | ||||||||
5.00%, 11/25/2036 | 5,902,206 | 5,944,708 | ||||||
Series 2009-RR10, Class 2A1 | ||||||||
3.12%, 08/26/2035 - 144A (B) | 2,778,736 | 2,735,682 | ||||||
Series 2009-RR13, Class 13A3 | ||||||||
5.25%, 03/26/2037 - 144A (B) | 3,256,484 | 3,277,215 | ||||||
Series 2009-RR13, Class 14A1 | ||||||||
5.25%, 03/26/2037 - 144A (B) | 1,795,075 | 1,820,154 | ||||||
Series 2009-RR13, Class 2A3 | ||||||||
5.53%, 02/26/2036 - 144A (B) | 3,888,351 | 4,008,672 | ||||||
Series 2009-RR13, Class 3A3 | ||||||||
5.29%, 05/26/2036 - 144A (B) | 7,552,397 | 7,715,182 | ||||||
Series 2009-RR14, Class 1A1 | ||||||||
6.01%, 05/26/2037 - 144A (B) | 10,485,028 | 11,194,435 | ||||||
Series 2009-RR3, Class 1A2 | ||||||||
6.00%, 11/26/2036 - 144A (B) | 1,049,774 | 1,068,658 | ||||||
Series 2009-RR3, Class 2A1 | ||||||||
4.59%, 05/26/2037 - 144A (B) | 1,141,490 | 1,143,485 | ||||||
Series 2009-RR6, Class 2A1 | ||||||||
2.95%, 08/26/2035 - 144A (B) | 7,439,952 | 6,804,871 | ||||||
Series 2010-RR1, Class 12A1 | ||||||||
5.25%, 08/26/2036 - 144A (B) | 6,156,549 | 6,408,518 | ||||||
Series 2010-RR6, Class 15A5 | ||||||||
5.50%, 12/26/2036 - 144A (B) | 2,437,214 | 2,477,673 | ||||||
Series 2010-RR6, Class 16A5 | ||||||||
5.50%, 04/26/2036 - 144A (B) | 1,919,233 | 1,991,440 | ||||||
Series 2010-RR6, Class 1A5 | ||||||||
5.00%, 08/26/2022 - 144A (B) | 5,418,873 | 5,625,023 |
Principal | Value | |||||||
MORTGAGE-BACKED SECURITIES (continued) |
| |||||||
BCAP LLC Trust (continued) | ||||||||
Series 2010-RR6, Class 20A1 | ||||||||
4.50%, 11/26/2035 - 144A (B) | $ 1,697,663 | $ 1,699,549 | ||||||
Series 2010-RR7, Class 5A6 | ||||||||
5.50%, 10/26/2036 - 144A | 7,922,749 | 8,228,115 | ||||||
Series 2012-RR2, Class 7A3 | ||||||||
2.61%, 09/26/2035 - 144A (B) | 7,773,168 | 7,913,288 | ||||||
Series 2012-RR4, Class 2A5 | ||||||||
2.16%, 04/26/2037 - 144A (B) | 10,791,841 | 10,816,835 | ||||||
Series 2012-RR5, Class 6A1 | ||||||||
3.12%, 10/26/2035 (B) | 10,084,676 | 10,141,767 | ||||||
Bear Stearns Commercial Mortgage Securities | ||||||||
Series 2007-PW17, Class AAB | ||||||||
5.70%, 06/11/2050 | 8,228,823 | 8,610,229 | ||||||
BNPP Mortgage Securities LLC | ||||||||
Series 2009-1, Class A1 | ||||||||
6.00%, 08/27/2037 - 144A | 7,481,148 | 7,873,018 | ||||||
Capmark Military Housing Trust | ||||||||
Series 2008-AMCW, Class A2 | ||||||||
5.91%, 03/10/2015 - 144A | 2,221,896 | 2,264,251 | ||||||
Citigroup Mortgage Loan Trust, Inc. | ||||||||
Series 2003-HE3, Class A | ||||||||
0.58%, 12/25/2033 (B) | 5,907,741 | 5,409,807 | ||||||
Series 2009-10, Class 6A1 | ||||||||
5.42%, 09/25/2034 - 144A (B) | 4,171,824 | 4,289,223 | ||||||
Series 2010-8, Class 5A6 | ||||||||
4.00%, 11/25/2036 - 144A | 14,354,767 | 14,880,697 | ||||||
Series 2010-8, Class 6A6 | ||||||||
4.50%, 12/25/2036 - 144A | 12,334,633 | 13,025,903 | ||||||
Series 2010-8, Class 6A62 | ||||||||
3.50%, 12/25/2036 - 144A | 7,611,137 | 7,866,597 | ||||||
Commercial Mortgage Pass-Through Certificates | ||||||||
Series 2012-MVP, Class A | ||||||||
2.14%, 11/17/2026 - 144A (B) | 21,337,320 | 21,628,511 | ||||||
Series 2012-MVP, Class B | ||||||||
1.80%, 11/17/2026 - 144A (B) | 9,900,000 | 9,904,495 | ||||||
Countrywide Home Loan Mortgage Pass-Through Trust | ||||||||
Series 2002-35, Class 1A3 | ||||||||
5.00%, 02/25/2018 | 4,945,508 | 5,049,695 | ||||||
Credit Suisse First Boston Mortgage Securities Corp. | ||||||||
Series 2005-C6, Class AJ | ||||||||
5.23%, 12/15/2040 (B) | 20,842,000 | 22,467,301 | ||||||
Credit Suisse Mortgage Capital Certificates | ||||||||
Series 2006-TF2A, Class B | ||||||||
0.40%, 10/15/2021 - 144A (B) | 8,010,805 | 7,736,876 | ||||||
Series 2007-C1, Class A3 | ||||||||
5.38%, 02/15/2040 | 13,700,000 | 15,039,216 | ||||||
Series 2007-C1, Class AAB | ||||||||
5.34%, 02/15/2040 | 11,109,005 | 11,564,041 | ||||||
Series 2007-C4, Class AAB | ||||||||
5.96%, 09/15/2039 (B) | 10,009,055 | 10,821,961 | ||||||
Series 2007-C5, Class A4 | ||||||||
5.70%, 09/15/2040 (B) | 16,730,000 | 19,448,290 | ||||||
Series 2009-12R, Class 36A1 | ||||||||
5.05%, 06/27/2036 - 144A (B) | 4,337,153 | 4,352,433 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 83
Transamerica Short-Term Bond
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Principal | Value | |||||||
MORTGAGE-BACKED SECURITIES (continued) |
| |||||||
Credit Suisse Mortgage Capital Certificates (continued) |
| |||||||
Series 2009-16R, Class 11A1 | ||||||||
7.00%, 08/26/2036 - 144A | $ 3,337,013 | $ 3,456,772 | ||||||
Series 2010-12R, Class 10A1 | ||||||||
4.50%, 11/26/2036 - 144A (B) | 1,625,435 | 1,629,606 | ||||||
Series 2010-15R, Class 2A1 | ||||||||
3.50%, 05/26/2036 - 144A (B) | 8,081,216 | 8,387,688 | ||||||
Series 2010-15R, Class 4A1 | ||||||||
3.50%, 04/26/2035 - 144A (B) | 10,915,451 | 11,019,683 | ||||||
Series 2010-15R, Class 6A1 | ||||||||
3.50%, 10/26/2046 - 144A (B) | 5,476,835 | 5,525,891 | ||||||
Series 2010-18R, Class 1A11 | ||||||||
3.75%, 08/26/2035 - 144A (B) | 5,563,193 | 5,542,692 | ||||||
Series 2010-18R, Class 3A1 | ||||||||
4.00%, 03/26/2037 - 144A | 5,527,331 | 5,639,458 | ||||||
Series 2010-1R, Class 28A1 | ||||||||
5.00%, 02/27/2047 - 144A | 14,582,267 | 14,585,155 | ||||||
Series 2010-1R, Class 40A1 | ||||||||
5.00%, 04/27/2036 - 144A | 524,441 | 524,642 | ||||||
Series 2010-RR4, Class 2B | ||||||||
5.47%, 09/18/2039 - 144A (B) | 8,250,000 | 9,241,072 | ||||||
Del Coronado Trust | ||||||||
Series 2013-HDC, Class C | ||||||||
1.80%, 03/15/2026 - 144A (B) | 10,000,000 | 10,000,740 | ||||||
Series 2013-HDC, Class D | ||||||||
2.15%, 03/15/2026 - 144A (B) | 8,500,000 | 8,500,629 | ||||||
Extended Stay America Trust | ||||||||
Series 2013-ESH5, Class A15 | ||||||||
1.28%, 12/05/2031 - 144A | 17,900,000 | 17,851,670 | ||||||
GS Mortgage Securities Corp. II | ||||||||
Series 2007-EOP, Class A3 | ||||||||
1.46%, 03/06/2020 - 144A (B) | 5,780,000 | 5,791,768 | ||||||
Series 2007-EOP, Class B | ||||||||
1.73%, 03/06/2020 - 144A (B) | 11,300,000 | 11,329,290 | ||||||
Series 2007-EOP, Class E | ||||||||
2.48%, 03/06/2020 - 144A (B) | 31,300,000 | 31,460,444 | ||||||
Impac CMB Trust | ||||||||
Series 2007-A, Class A | ||||||||
0.45%, 05/25/2037 (B) | 17,013,076 | 16,713,459 | ||||||
Jefferies & Co., Inc. | ||||||||
Series 2009-R2, Class 2A | ||||||||
2.88%, 12/26/2037 - 144A (B) | 3,341,157 | 3,353,860 | ||||||
Series 2009-R2, Class 3A | ||||||||
2.83%, 01/26/2047 - 144A (B) | 1,923,116 | 1,924,307 | ||||||
Series 2009-R7, Class 11A1 | ||||||||
2.65%, 03/26/2037 - 144A (B) | 3,023,894 | 2,953,319 | ||||||
Series 2009-R7, Class 12A1 | ||||||||
5.33%, 08/26/2036 - 144A (B) | 1,471,288 | 1,445,202 | ||||||
Series 2009-R7, Class 4A1 | ||||||||
2.91%, 09/26/2034 - 144A (B) | 1,931,644 | 1,873,695 | ||||||
Series 2009-R9, Class 1A1 | ||||||||
2.67%, 08/26/2046 - 144A (B) | 8,723,690 | 8,806,146 | ||||||
Series 2010-R2, Class 1A1 | ||||||||
6.00%, 05/26/2036 - 144A | 6,232,858 | 6,468,934 | ||||||
Series 2010-R3, Class 1A1 | ||||||||
3.02%, 03/21/2036 - 144A (B) | 5,226,515 | 5,401,833 | ||||||
Series 2010-R6, Class 1A1 | ||||||||
4.00%, 09/26/2037 - 144A | 3,828,769 | 3,869,982 |
Principal | Value | |||||||
MORTGAGE-BACKED SECURITIES (continued) |
| |||||||
Jefferies & Co., Inc. (continued) | ||||||||
Series 2010-R8, Class 2A1 | ||||||||
5.00%, 10/26/2036 - 144A | $ 4,226,573 | $ 4,226,759 | ||||||
JPMorgan Chase Commercial Mortgage Securities Trust | ||||||||
Series 2011-PLSD, Class C | ||||||||
5.14%, 11/13/2044 - 144A | 4,450,000 | 4,917,254 | ||||||
JPMorgan Re-REMIC | ||||||||
Series 2009-11, Class 1A1 | ||||||||
2.91%, 02/26/2037 - 144A (B) | 6,223,982 | 6,128,587 | ||||||
Series 2009-7, Class 8A1 | ||||||||
5.36%, 01/27/2047 - 144A (B) | 2,216,452 | 2,241,300 | ||||||
Series 2010-4, Class 7A1 | ||||||||
1.87%, 08/26/2035 - 144A (B) | 7,345,677 | 7,269,252 | ||||||
Series 2010-5, Class 2A2 | ||||||||
4.50%, 07/26/2035 - 144A (B) | 9,386,153 | 9,759,956 | ||||||
LB-UBS Commercial Mortgage Trust | ||||||||
Series 2004-C8, Class B | ||||||||
4.91%, 12/15/2039 (B) | 12,585,000 | 13,231,177 | ||||||
LSTAR Commercial Mortgage Trust | ||||||||
Series 2011-1, Class A | ||||||||
3.91%, 06/25/2043 - 144A | 5,663,594 | 5,860,438 | ||||||
Morgan Stanley Re-REMIC Trust | ||||||||
Series 2010-R4, Class 3A | ||||||||
5.50%, 08/26/2047 - 144A | 19,775,098 | 20,539,860 | ||||||
Mortgage Equity Conversion Asset Trust | ||||||||
Series 2010-1A, Class A | ||||||||
4.00%, 07/25/2060 - 144A | 14,086,463 | 13,663,869 | ||||||
Motel 6 Trust | ||||||||
Series 2012-MTL6, Class A1 | ||||||||
1.50%, 10/05/2025 - 144A | 11,000,000 | 11,107,921 | ||||||
ORES NPL LLC | ||||||||
Series 2012-LV1, Class A | ||||||||
4.00%, 09/25/2044 - 144A | 8,863,121 | 8,864,442 | ||||||
RBSCF Trust | ||||||||
Series 2010-RR3, Class CSCA | ||||||||
5.47%, 09/16/2039 - 144A (B) | 12,536,141 | 14,110,868 | ||||||
RBSSP Resecuritization Trust | ||||||||
Series 2009-1, Class 10A1 | ||||||||
6.50%, 07/26/2037 - 144A | 8,141,389 | 8,533,641 | ||||||
Series 2013-2, Class 2A1 | ||||||||
0.39%, 12/20/2036 - 144A (B) | 19,960,625 | 19,023,194 | ||||||
RREF LLC | ||||||||
Series 2013-LT2, Class A | ||||||||
2.83%, 05/22/2028 | 17,456,779 | 17,459,711 | ||||||
S2 Hospitality LLC | ||||||||
Series 2012-LV1, Class A | ||||||||
4.50%, 04/15/2025 - 144A | 4,040,458 | 4,039,504 | ||||||
TIAA Seasoned Commercial Mortgage Trust | ||||||||
Series 2007-C4, Class AJ | ||||||||
5.54%, 08/15/2039 (B) | 4,859,000 | 5,357,106 | ||||||
Wachovia Bank Commercial Mortgage Trust | ||||||||
Series 2006-WL7A, Class A2 | ||||||||
0.32%, 09/15/2021 - 144A (B) | 7,366,366 | 7,269,115 | ||||||
Wells Fargo Mortgage Backed Securities Trust |
| |||||||
Series 2003-G, Class A1 | ||||||||
4.10%, 06/25/2033 (B) | 1,051,060 | 1,060,950 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 84
Transamerica Short-Term Bond
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Principal | Value | |||||||
MORTGAGE-BACKED SECURITIES (continued) |
| |||||||
Wells Fargo Mortgage Loan Trust | ||||||||
Series 2010-RR2, Class 1A1 | ||||||||
3.08%, 09/27/2035 - 144A (B) | $ 6,040,466 | $ 6,057,500 | ||||||
Series 2010-RR4, Class 1A1 | ||||||||
5.05%, 12/27/2046 - 144A (B) | 5,684,958 | 5,708,727 | ||||||
Series 2011-RR3, Class A1 | ||||||||
2.85%, 03/27/2037 - 144A (B) | 15,019,023 | 14,895,597 | ||||||
WFDB Commercial Mortgage Trust | ||||||||
Series 2011-BXR, Class A | ||||||||
3.66%, 07/05/2024 - 144A | 15,000,000 | 15,155,160 | ||||||
|
| |||||||
Total Mortgage-Backed Securities (cost $798,227,763) |
| 809,160,833 | ||||||
|
| |||||||
ASSET-BACKED SECURITIES - 8.7% | ||||||||
AmeriCredit Automobile Receivables Trust | ||||||||
Series 2012-2, Class C | ||||||||
2.64%, 10/10/2017 | 7,500,000 | 7,720,620 | ||||||
ARES CLO, Ltd. | ||||||||
Series 2007-3RA, Class A2 | ||||||||
0.50%, 04/16/2021 - 144A (B) | 16,642,692 | 16,204,556 | ||||||
ARES XII CLO, Ltd. | ||||||||
Series 2007-12A, Class A | ||||||||
0.92%, 11/25/2020 - 144A (B) | 19,389,416 | 19,283,376 | ||||||
Bayview Opportunity Master Fund Trust IIB, LP | ||||||||
Series 2013-2RPL, Class A | ||||||||
3.72%, 03/28/2018 - 144A (C) | 8,641,462 | 8,712,231 | ||||||
BXG Receivables Note Trust | ||||||||
Series 2012-A, Class A | ||||||||
2.66%, 12/02/2027 - 144A | 17,204,702 | 17,243,240 | ||||||
Castle Garden Funding | ||||||||
Series 2005-1A, Class A2 | ||||||||
0.55%, 10/27/2020 - 144A (B) | 15,451,079 | 15,325,601 | ||||||
ColumbusNova CLO Ltd | 4,870,247 | 4,797,646 | ||||||
Diamond Resorts Owner Trust | ||||||||
Series 2013-1, Class A | ||||||||
1.95%, 01/20/2025 - 144A | 11,587,398 | 11,603,018 | ||||||
HLSS Servicer Advance Receivables Backed Notes | ||||||||
Series 2012-T2, Class A2 | ||||||||
1.99%, 10/15/2045 - 144A | 20,000,000 | 20,381,200 | ||||||
HSBC Home Equity Loan Trust | ||||||||
Series 2006-3, Class A4 | ||||||||
0.44%, 03/20/2036 (B) | 23,721,000 | 22,990,559 | ||||||
Series 2007-1, Class A4 | ||||||||
0.56%, 03/20/2036 (B) | 9,352,000 | 8,991,312 | ||||||
Marriott Vacation Club Owner Trust | ||||||||
Series 2012-1A, Class A | ||||||||
2.51%, 05/20/2030 - 144A | 15,569,445 | 15,918,278 | ||||||
Mountain View Funding CLO | ||||||||
Series 2007-3A, Class A1 | ||||||||
0.49%, 04/16/2021 - 144A (B) | 4,931,024 | 4,818,350 | ||||||
Ocean Trails CLO I | ||||||||
Series 2006-1A, Class A1 | ||||||||
0.53%, 10/12/2020 - 144A (B) | 6,201,570 | 6,060,559 |
Principal | Value | |||||||
ASSET-BACKED SECURITIES (continued) |
| |||||||
Orange Lake Timeshare Trust | ||||||||
Series 2012-AA, Class A | ||||||||
3.45%, 03/10/2027 - 144A | $ 5,178,936 | $ 5,399,461 | ||||||
Prestige Auto Receivables Trust | ||||||||
Series 2012-1A, Class C | ||||||||
3.25%, 07/15/2019 - 144A | 5,000,000 | 5,122,900 | ||||||
Sierra Receivables Funding Co., LLC | ||||||||
Series 2011-2A, Class A | ||||||||
3.26%, 05/20/2028 - 144A | 4,142,902 | 4,258,899 | ||||||
Series 2011-3A, Class A | ||||||||
3.37%, 07/20/2028 - 144A | 5,613,079 | 5,819,551 | ||||||
Series 2012-2A, Class A | ||||||||
2.38%, 03/20/2029 - 144A | 8,587,029 | 8,710,356 | ||||||
Series 2012-3A, Class A | ||||||||
1.87%, 08/20/2029 - 144A | 15,335,887 | 15,452,164 | ||||||
Silverleaf Finance LLC | ||||||||
Series 2012-D, Class A | ||||||||
3.00%, 03/17/2025 - 144A | 12,193,482 | 12,393,699 | ||||||
Station Place Securitization Trust | ||||||||
2.45%, 11/25/2014 | 30,000,000 | 30,000,000 | ||||||
SVO VOI Mortgage Corp. | ||||||||
Series 2012-AA, Class A | ||||||||
2.00%, 09/20/2029 - 144A | 20,102,129 | 20,337,505 | ||||||
TAL Advantage LLC | ||||||||
Series 2011-1A, Class A | ||||||||
4.60%, 01/20/2026 - 144A | 16,220,750 | 16,699,846 | ||||||
Trafigura Securitisation Finance PLC | ||||||||
Series 2012-1A, Class A | ||||||||
2.60%, 10/15/2015 - 144A (B) | 25,520,000 | 26,034,387 | ||||||
|
| |||||||
Total Asset-Backed Securities (cost $322,475,065) |
| 330,279,314 | ||||||
|
| |||||||
MUNICIPAL GOVERNMENT OBLIGATION - 0.5% |
| |||||||
Rhode Island Economic Development Corp. (Revenue Bonds) | ||||||||
6.00%, 11/01/2015 (D) (E) | 16,950,000 | 17,630,881 | ||||||
|
| |||||||
Total Municipal Government Obligation (cost $16,950,000) |
| 17,630,881 | ||||||
|
| |||||||
CORPORATE DEBT SECURITIES - 63.3% |
| |||||||
Aerospace & Defense - 0.8% | ||||||||
Exelis, Inc. | ||||||||
4.25%, 10/01/2016 (F) | 27,920,000 | 29,973,376 | ||||||
Airlines - 3.0% | ||||||||
AirTran Airways Pass-Through Trust | ||||||||
10.41%, 04/01/2017 - 144A | 20,929,198 | 24,120,901 | ||||||
America West Airlines Pass-Through Trust | ||||||||
7.93%, 01/02/2020 | 3,241,291 | 3,565,420 | ||||||
8.06%, 01/02/2022 | 10,818,018 | 12,062,089 | ||||||
Continental Airlines Pass-Through Trust | ||||||||
7.46%, 10/01/2016 (F) | 3,509,583 | 3,549,241 | ||||||
Delta Air Lines, Inc., Pass-Through Trust | ||||||||
6.20%, 01/02/2020 (F) | 29,909,402 | 34,096,718 | ||||||
Northwest Airlines Pass-Through Trust | ||||||||
1.04%, 05/20/2014 (B) (F) | 623,862 | 611,384 | ||||||
6.26%, 11/20/2021 | 2,107,336 | 2,268,126 | ||||||
UAL Pass-Through Trust | ||||||||
10.40%, 05/01/2018 | 27,219,087 | 31,574,141 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 85
Transamerica Short-Term Bond
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Principal | Value | |||||||
Beverages - 0.5% | ||||||||
Anheuser-Busch InBev Worldwide, Inc. |
| |||||||
9.75%, 11/17/2015 | BRL 21,570,000 | $ 11,681,167 | ||||||
Coca-Cola Bottling Co. Consolidated | ||||||||
5.00%, 06/15/2016 | $ 7,650,000 | 8,362,261 | ||||||
Capital Markets - 2.3% | ||||||||
Macquarie Group, Ltd. | ||||||||
7.30%, 08/01/2014 - 144A | 25,590,000 | 27,325,002 | ||||||
Morgan Stanley | ||||||||
3.80%, 04/29/2016 | 13,860,000 | 14,747,276 | ||||||
Morgan Stanley, | ||||||||
6.00%, 04/28/2015 | 40,000,000 | 43,590,800 | ||||||
Morgan Stanley, | ||||||||
3.00%, 08/31/2017 (B) (F) | 1,500,000 | 1,549,522 | ||||||
Chemicals - 0.3% | ||||||||
Ashland, Inc. | ||||||||
3.00%, 03/15/2016 - 144A (F) | 10,000,000 | 10,225,000 | ||||||
Commercial Banks - 8.8% | ||||||||
Bank of America NA | ||||||||
6.00%, 06/15/2016 | 10,000,000 | 11,241,910 | ||||||
Barclays Bank PLC | ||||||||
6.05%, 12/04/2017 - 144A | 29,900,000 | 33,850,538 | ||||||
BBVA US Senior SAU | ||||||||
2.42%, 05/16/2014 (B) | 5,990,000 | 6,020,268 | ||||||
3.25%, 05/16/2014 (F) | 21,548,000 | 21,759,364 | ||||||
BNP Paribas / BNP Paribas US Medium-Term Note Program LLC | ||||||||
5.13%, 01/15/2015 - 144A | 9,960,000 | 10,462,980 | ||||||
Export-Import Bank of Korea | ||||||||
4.00%, 01/11/2017 (F) | 13,900,000 | 15,127,662 | ||||||
First Horizon National Corp. | ||||||||
5.38%, 12/15/2015 | 19,628,000 | 21,381,153 | ||||||
First Tennessee Bank NA | ||||||||
5.05%, 01/15/2015 | 21,185,000 | 22,164,234 | ||||||
ING Bank NV | ||||||||
5.13%, 05/01/2015 - 144A | 5,000,000 | 5,242,200 | ||||||
Intesa Sanpaolo SpA | ||||||||
3.13%, 01/15/2016 (F) | 9,617,000 | 9,613,509 | ||||||
3.88%, 01/16/2018 | 10,000,000 | 10,006,800 | ||||||
JPMorgan Chase Bank NA | ||||||||
5.88%, 06/13/2016 | 28,428,000 | 32,335,628 | ||||||
6.00%, 10/01/2017 | 15,000,000 | 17,745,090 | ||||||
Korea Development Bank | ||||||||
8.00%, 01/23/2014 | 3,000,000 | 3,146,397 | ||||||
Regions Bank | ||||||||
7.50%, 05/15/2018 | 2,550,000 | 3,163,323 | ||||||
Regions Financial Corp. | ||||||||
5.75%, 06/15/2015 (F) | 19,250,000 | 20,965,695 | ||||||
7.75%, 11/10/2014 | 13,000,000 | 14,361,503 | ||||||
Royal Bank of Scotland Group PLC | ||||||||
5.00%, 10/01/2014 (F) | 9,820,000 | 10,144,060 | ||||||
5.05%, 01/08/2015 (F) | 6,310,000 | 6,572,868 | ||||||
US Bancorp | ||||||||
3.44%, 02/01/2016 | 25,000,000 | 26,614,700 | ||||||
Zions Bancorporation | ||||||||
4.00%, 06/20/2016 | 10,000,000 | 10,497,420 | ||||||
7.75%, 09/23/2014 | 20,759,000 | 22,530,988 |
Principal | Value | |||||||
Commercial Services & Supplies - 0.7% |
| |||||||
ADOP CO | ||||||||
6.63%, 10/01/2017 - 144A | $ 15,000,000 | $ 17,211,750 | ||||||
Hutchison Whampoa International 11, Ltd. | ||||||||
3.50%, 01/13/2017 - 144A (F) | 9,600,000 | 10,188,403 | ||||||
Communications Equipment - 0.2% | ||||||||
CC Holdings GS V LLC / Crown Castle GS III Corp. | ||||||||
2.38%, 12/15/2017 - 144A | 6,950,000 | 7,026,860 | ||||||
Construction Materials - 1.0% | ||||||||
CRH America, Inc. | ||||||||
6.00%, 09/30/2016 (F) | 33,015,000 | 37,698,541 | ||||||
Vulcan Materials Co. | ||||||||
6.30%, 06/15/2013 | 2,000 | 2,000 | ||||||
Containers & Packaging - 0.3% | ||||||||
Rexam PLC | ||||||||
6.75%, 06/01/2013 - 144A | 11,424,000 | 11,449,041 | ||||||
Distributors - 0.8% | ||||||||
Glencore Funding LLC | ||||||||
6.00%, 04/15/2014 - 144A | 29,555,000 | 30,858,878 | ||||||
Diversified Financial Services - 4.8% | ||||||||
Bank of America Corp. | ||||||||
5.42%, 03/15/2017 | 20,206,000 | 22,400,149 | ||||||
Citigroup, Inc. | ||||||||
5.30%, 01/07/2016 (F) | 25,694,000 | 28,383,931 | ||||||
CNH Capital LLC | ||||||||
3.88%, 11/01/2015 | 18,000,000 | 18,630,000 | ||||||
Ford Motor Credit Co., LLC | ||||||||
7.00%, 04/15/2015 | 7,900,000 | 8,703,825 | ||||||
8.00%, 12/15/2016 (F) | 23,033,000 | 27,725,168 | ||||||
Lazard Group LLC | ||||||||
7.13%, 05/15/2015 | 5,974,000 | 6,592,249 | ||||||
Merrill Lynch & Co., Inc. | ||||||||
6.05%, 05/16/2016 (F) | 6,300,000 | 7,006,948 | ||||||
Murray Street Investment Trust I | ||||||||
4.65%, 03/09/2017 (C) | 44,866,000 | 49,144,915 | ||||||
NASDAQ OMX Group, Inc. | ||||||||
4.00%, 01/15/2015 (F) | 5,000,000 | 5,220,000 | ||||||
PTTEP Australia International Finance Pty, Ltd. | ||||||||
4.15%, 07/19/2015 - 144A | 6,000,000 | 6,310,200 | ||||||
Diversified Telecommunication Services - 3.0% |
| |||||||
GTP Towers Issuer LLC | ||||||||
4.44%, 02/15/2040 - 144A | 25,765,000 | 26,912,084 | ||||||
Qwest Corp. | ||||||||
8.38%, 05/01/2016 | 11,007,000 | 13,016,185 | ||||||
Telecom Italia Capital SA | ||||||||
4.95%, 09/30/2014 (F) | 5,238,000 | 5,465,528 | ||||||
5.25%, 11/15/2013 (F) | 5,000,000 | 5,102,500 | ||||||
6.18%, 06/18/2014 (F) | 26,189,000 | 27,503,583 | ||||||
Telefonica Emisiones SAU | ||||||||
3.73%, 04/27/2015 | 31,930,000 | 33,117,700 | ||||||
3.99%, 02/16/2016 (F) | 4,000,000 | 4,208,332 | ||||||
Electric Utilities - 0.7% | ||||||||
Iberdrola Finance Ireland, Ltd. | ||||||||
3.80%, 09/11/2014 - 144A | 24,822,000 | 25,615,559 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 86
Transamerica Short-Term Bond
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Principal | Value | |||||||
Electronic Equipment & Instruments - 1.0% |
| |||||||
Avnet, Inc. | ||||||||
6.00%, 09/01/2015 | $ 18,943,000 | $ 20,562,077 | ||||||
6.63%, 09/15/2016 (F) | 15,199,000 | 17,259,209 | ||||||
Energy Equipment & Services - 2.5% | ||||||||
Boardwalk Pipelines, LP | ||||||||
5.88%, 11/15/2016 | 11,075,000 | 12,528,660 | ||||||
DCP Midstream Operating, LP | ||||||||
3.25%, 10/01/2015 | 24,545,000 | 25,611,137 | ||||||
Korea National Oil Corp. | ||||||||
5.38%, 07/30/2014 - 144A | 15,830,000 | 16,609,358 | ||||||
NuStar Pipeline Operating Partnership, LP | ||||||||
5.88%, 06/01/2013 (F) | 3,000,000 | 3,008,406 | ||||||
Sunoco Logistics Partners Operations, LP | ||||||||
6.13%, 05/15/2016 | 17,646,000 | 19,580,725 | ||||||
Transocean, Inc. | ||||||||
5.05%, 12/15/2016 | 14,975,000 | 16,700,420 | ||||||
Food & Staples Retailing - 0.1% | ||||||||
Delhaize Group SA | ||||||||
6.50%, 06/15/2017 (F) | 2,800,000 | 3,232,132 | ||||||
Health Care Equipment & Supplies - 0.5% |
| |||||||
Boston Scientific Corp. | ||||||||
6.25%, 11/15/2015 (F) | 15,638,000 | 17,502,097 | ||||||
Health Care Providers & Services - 0.8% |
| |||||||
Owens & Minor, Inc. | ||||||||
6.35%, 04/15/2016 | 27,220,000 | 29,761,042 | ||||||
Hotels, Restaurants & Leisure - 1.0% | ||||||||
CityCenter Holdings LLC / CityCenter Finance Corp. | ||||||||
10.75%, 01/15/2017 (F) (G) | 15,000,000 | 16,593,750 | ||||||
MGM Resorts International | ||||||||
10.00%, 11/01/2016 (F) | 18,460,000 | 22,382,750 | ||||||
Household Durables - 0.7% | ||||||||
Meritage Homes Corp. | ||||||||
4.50%, 03/01/2018 - 144A | 9,500,000 | 9,547,500 | ||||||
Whirlpool Corp. | ||||||||
7.75%, 07/15/2016 | 12,970,000 | 15,332,940 | ||||||
Independent Power Producers & Energy Traders - 1.0% |
| |||||||
TransAlta Corp. | ||||||||
4.75%, 01/15/2015 | 35,701,000 | 37,676,693 | ||||||
Insurance - 6.4% | ||||||||
21st Century Insurance Group | ||||||||
5.90%, 12/15/2013 | 6,570,000 | 6,749,748 | ||||||
American International Group, Inc. | ||||||||
2.38%, 08/24/2015 (F) | 7,540,000 | 7,725,228 | ||||||
Aspen Insurance Holdings, Ltd. | ||||||||
6.00%, 08/15/2014 | 15,291,000 | 16,196,074 | ||||||
Genworth Financial, Inc., Series GMTN | ||||||||
6.52%, 05/22/2018 (F) | 12,677,000 | 14,733,425 | ||||||
Genworth Holdings, Inc. | ||||||||
4.95%, 10/01/2015 | 6,358,000 | 6,818,872 | ||||||
8.63%, 12/15/2016 (F) | 6,000,000 | 7,338,078 | ||||||
ING US, Inc. | ||||||||
2.90%, 02/15/2018 - 144A (F) | 28,165,000 | 28,825,385 | ||||||
Liberty Mutual Group, Inc. | ||||||||
5.75%, 03/15/2014 - 144A | 19,200,000 | 19,869,773 | ||||||
Prudential Covered Trust | ||||||||
3.00%, 09/30/2015 - 144A | 1,080,000 | 1,127,031 |
Principal | Value | |||||||
Insurance (continued) | ||||||||
State Auto Financial Corp. | ||||||||
6.25%, 11/15/2013 | $ 12,695,000 | $ 12,869,582 | ||||||
Stone Street Trust | ||||||||
5.90%, 12/15/2015 - 144A | 29,415,000 | 31,927,953 | ||||||
Transatlantic Holdings, Inc. | ||||||||
5.75%, 12/14/2015 | 25,760,000 | 28,477,860 | ||||||
Willis North America, Inc. | ||||||||
6.20%, 03/28/2017 | 18,081,000 | 20,685,224 | ||||||
WR Berkley Corp. | ||||||||
5.60%, 05/15/2015 | 35,260,000 | 37,988,560 | ||||||
IT Services - 1.2% | ||||||||
Affiliated Computer Services, Inc. | ||||||||
5.20%, 06/01/2015 (F) | 16,300,000 | 17,455,800 | ||||||
Computer Sciences Corp. | ||||||||
2.50%, 09/15/2015 | 25,615,000 | 26,304,095 | ||||||
Metals & Mining - 2.3% | ||||||||
Anglo American Capital PLC | ||||||||
9.38%, 04/08/2014 - 144A | 12,156,000 | 13,089,435 | ||||||
Kinross Gold Corp. | ||||||||
3.63%, 09/01/2016 | 13,160,000 | 13,456,850 | ||||||
Vale Overseas, Ltd. | ||||||||
6.25%, 01/11/2016 | 27,000,000 | 30,437,019 | ||||||
Xstrata Finance Canada, Ltd. | ||||||||
2.85%, 11/10/2014 - 144A | 9,960,000 | 10,203,502 | ||||||
5.80%, 11/15/2016 - 144A | 18,163,000 | 20,647,208 | ||||||
Multi-Utilities - 0.4% | ||||||||
Black Hills Corp. | ||||||||
9.00%, 05/15/2014 | 12,521,000 | 13,486,144 | ||||||
Oil, Gas & Consumable Fuels - 7.3% | ||||||||
Anadarko Petroleum Corp. | ||||||||
5.95%, 09/15/2016 | 17,450,000 | 20,065,476 | ||||||
Chesapeake Energy Corp. | ||||||||
9.50%, 02/15/2015 | 14,465,000 | 16,345,450 | ||||||
Empresa Nacional del Petroleo | ||||||||
4.88%, 03/15/2014 - 144A | 3,681,000 | 3,767,831 | ||||||
Energy Transfer Partners, LP | ||||||||
8.50%, 04/15/2014 | 9,428,000 | 10,095,663 | ||||||
Gazprom OAO Via GAZ Capital SA | ||||||||
8.13%, 07/31/2014 - 144A | 34,395,000 | 37,266,982 | ||||||
KazMunayGas National Co. | ||||||||
8.38%, 07/02/2013 - 144A | 23,000,000 | 23,197,800 | ||||||
Lukoil International Finance BV | ||||||||
3.42%, 04/24/2018 - 144A (F) | 13,425,000 | 13,666,650 | ||||||
6.38%, 11/05/2014 - 144A | 21,650,000 | 23,254,265 | ||||||
Petrobras International Finance Co. | ||||||||
2.88%, 02/06/2015 (F) | 11,930,000 | 12,180,411 | ||||||
3.50%, 02/06/2017 (F) | 17,000,000 | 17,712,589 | ||||||
Petrohawk Energy Corp. | ||||||||
7.25%, 08/15/2018 | 29,270,000 | 32,394,572 | ||||||
Ras Laffan Liquefied Natural Gas Co., Ltd. III |
| |||||||
5.83%, 09/30/2016 - 144A | 23,070,222 | 24,915,840 | ||||||
Rosneft Oil Co. via Rosneft International Finance, Ltd. | ||||||||
3.15%, 03/06/2017 - 144A (F) | 5,000,000 | 5,049,750 | ||||||
Tengizchevoil Finance Co., SARL | ||||||||
6.12%, 11/15/2014 - 144A | 10,697,113 | 10,929,454 | ||||||
TNK-BP Finance SA | ||||||||
6.25%, 02/02/2015 - 144A | 25,000,000 | 26,755,000 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 87
Transamerica Short-Term Bond
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Principal | Value | |||||||
Paper & Forest Products - 0.2% | ||||||||
Celulosa Arauco y Constitucion SA | ||||||||
5.13%, 07/09/2013 (F) | $ 9,400,000 | $ 9,449,049 | ||||||
Pharmaceuticals - 0.4% | ||||||||
Hospira, Inc., Series GMTN | ||||||||
6.40%, 05/15/2015 (F) | 15,244,000 | 16,682,393 | ||||||
Real Estate Investment Trusts - 3.1% | ||||||||
Digital Realty Trust, LP | ||||||||
4.50%, 07/15/2015 | 14,200,000 | 15,146,629 | ||||||
Hospitality Properties Trust | ||||||||
7.88%, 08/15/2014 | 10,000,000 | 10,505,520 | ||||||
Kilroy Realty, LP | ||||||||
5.00%, 11/03/2015 (F) | 14,130,000 | 15,335,035 | ||||||
National Retail Properties, Inc. | ||||||||
6.15%, 12/15/2015 | 14,850,000 | 16,569,986 | ||||||
6.25%, 06/15/2014 | 9,958,000 | 10,501,259 | ||||||
PPF Funding, Inc. | ||||||||
5.50%, 01/15/2014 - 144A | 5,070,000 | 5,195,878 | ||||||
UDR, Inc. | ||||||||
5.50%, 04/01/2014 | 5,500,000 | 5,716,881 | ||||||
WCI Finance LLC / WEA Finance LLC | ||||||||
5.70%, 10/01/2016 - 144A | 17,000,000 | 19,390,965 | ||||||
WEA Finance LLC / WT Finance AUST Pty, Ltd. | ||||||||
5.75%, 09/02/2015 - 144A | 17,115,000 | 18,957,276 | ||||||
Real Estate Management & Development - 0.5% |
| |||||||
First Industrial, LP | ||||||||
5.75%, 01/15/2016 | 16,570,000 | 17,716,727 | ||||||
6.42%, 06/01/2014 | 2,691,000 | 2,799,749 | ||||||
Road & Rail - 1.1% | ||||||||
Aviation Capital Group Corp. | ||||||||
4.63%, 01/31/2018 - 144A (F) | 19,555,000 | 20,397,938 | ||||||
GATX Financial Corp. | ||||||||
5.80%, 03/01/2016 | 19,000,000 | 21,114,567 | ||||||
Trading Companies & Distributors - 1.5% |
| |||||||
International Lease Finance Corp. | ||||||||
6.75%, 09/01/2016 - 144A | 30,280,000 | 34,443,500 | ||||||
Noble Group, Ltd. | ||||||||
8.50%, 05/30/2013 - 144A | 24,175,000 | 24,283,788 | ||||||
Transportation Infrastructure - 1.0% | ||||||||
Penske Truck Leasing Co., LP / PTL Finance Corp. | ||||||||
2.50%, 07/11/2014 - 03/15/2016 - 144A | 8,000,000 | 8,228,699 | ||||||
3.13%, 05/11/2015 - 144A | 30,070,000 | 31,265,373 | ||||||
Wireless Telecommunication Services - 3.1% |
| |||||||
Crown Castle Towers LLC | ||||||||
3.21%, 08/15/2015 - 144A | 12,000,000 | 12,510,936 | ||||||
4.52%, 01/15/2015 - 144A | 15,870,000 | 16,822,803 | ||||||
Richland Towers Funding LLC / Management Funding / RTM Boston / Seattle Funding | ||||||||
4.61%, 03/15/2016 - 144A | 11,144,487 | 11,881,472 | ||||||
SBA Tower Trust | ||||||||
4.25%, 04/15/2015 - 144A (F) | 29,090,000 | 30,277,134 | ||||||
Sprint Nextel Corp. | ||||||||
8.38%, 08/15/2017 | 18,000,000 | 20,970,000 |
Principal | Value | |||||||
Wireless Telecommunication Services (continued) |
| |||||||
WCP Wireless Site Funding / WCP Wireless Site RE Funding / WCP Wireless Site NON | ||||||||
4.14%, 11/15/2015 - 144A | $ 24,132,609 | $ 25,089,129 | ||||||
|
| |||||||
Total Corporate Debt Securities (cost $2,342,852,288) |
| 2,398,897,204 | ||||||
|
| |||||||
LOAN ASSIGNMENTS - 2.0% | ||||||||
Commercial Services & Supplies - 0.1% |
| |||||||
KAR Auction Services, Inc., Tranche B |
| |||||||
3.75%, 05/19/2017 (B) (D) (E) | 4,095,995 | 4,143,357 | ||||||
Food & Staples Retailing - 0.1% | ||||||||
Albertsons LLC | ||||||||
5.75%, 03/21/2016 (B) (D) (E) | 3,400,000 | 3,437,189 | ||||||
Food Products - 0.4% | ||||||||
Michael Foods Group, Inc. | ||||||||
4.25%, 02/23/2018 (B) (D) (E) | 13,638,638 | 13,834,694 | ||||||
Health Care Providers & Services - 0.4% |
| |||||||
HCA, Inc. | ||||||||
3.53%, 03/31/2017 (B) (D) (E) | 13,500,000 | 13,516,780 | ||||||
Hotels, Restaurants & Leisure - 0.7% |
| |||||||
Dunkin’ Brands, Inc., Tranche B3 | ||||||||
3.75%, 02/14/2020 (B) (D) (E) | 15,871,084 | 16,026,954 | ||||||
Scientific Games International, Inc., Tranche B1 | ||||||||
3.20%, 06/30/2015 (B) (D) (E) | 11,833,572 | 11,842,447 | ||||||
Media - 0.1% | ||||||||
Nielsen Finance LLC, Tranche E - , 05/02/2016 (B) (D) (E) (H) | 5,000,000 | 5,058,750 | ||||||
Personal Products - 0.2% | ||||||||
Revlon Inc., Tranche B | ||||||||
4.00%, 11/20/2017 (B) (D) (E) | 8,479,900 | 8,599,152 | ||||||
|
| |||||||
Total Loan Assignments (cost $74,988,342) |
| 76,459,323 | ||||||
|
| |||||||
Shares | Value | |||||||
SECURITIES LENDING COLLATERAL - 2.5% |
| |||||||
State Street Navigator Securities Lending Trust - Prime Portfolio, 0.18% (I) | 96,347,115 | 96,347,115 | ||||||
|
| |||||||
Total Securities Lending Collateral (cost $96,347,115) |
| 96,347,115 | ||||||
|
| |||||||
Principal | Value | |||||||
REPURCHASE AGREEMENT - 3.1% |
| |||||||
State Street Bank & Trust Co. 0.03% (I), dated 04/30/2013, to be repurchased at $118,114,524 on 05/01/2013. Collateralized by U.S. Government Agency Obligations, 3.00% - 4.00%, due 09/25/2039 -01/01/2042, and with a total value of $120,478,594. | $ 118,114,426 | 118,114,426 | ||||||
|
| |||||||
Total Repurchase Agreement (cost $118,114,426) |
| 118,114,426 | ||||||
|
| |||||||
Total Investment Securities (cost $3,770,617,879) (J) |
| 3,847,591,650 | ||||||
Other Assets and Liabilities - Net | (58,695,131 | ) | ||||||
|
| |||||||
Net Assets | $ 3,788,896,519 | |||||||
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 88
Transamerica Short-Term Bond
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
NOTES TO SCHEDULE OF INVESTMENTS:
(A) | Percentage rounds to less than 0.1%. |
(B) | Floating or variable rate note. Rate is listed as of April 30, 2013. |
(C) | Step bond - Coupon rate changes in increments to maturity. Rate disclosed is as of April 30, 2013. Maturity date disclosed is the ultimate maturity date. |
(D) | Illiquid. Total aggregate market value of illiquid securities is $94,090,204, or 2.48% of the fund’s net assets. |
(E) | Restricted security. At April 30, 2013, the fund owned the respective securities which were restricted as to public resale: |
Investment Securities | Description | Acquisition Date | Cost | Value | Value as��% of Net Assets | |||||||||||||
Municipal Government Obligation | Rhode Island Economic Development Corp. - Insurer: AGM | 10/25/2010 | $ | 16,950,000 | $ | 17,630,881 | 0.47 | % | ||||||||||
Loan Assignments | KAR Auction Services, Inc., Tranche B | 3/8/2013 | 4,095,995 | 4,143,357 | 0.11 | |||||||||||||
Loan Assignments | Albertsons LLC | 2/27/2013 | 3,383,000 | 3,437,189 | 0.09 | |||||||||||||
Loan Assignments | Michael Foods Group, Inc. | 8/30/2011 - 5/16/2012 | 13,200,346 | 13,834,694 | 0.36 | |||||||||||||
Loan Assignments | HCA, Inc. | 1/25/2012 - 3/8/2012 | 13,341,988 | 13,516,780 | 0.36 | |||||||||||||
Loan Assignments | Dunkin’ Brands, Inc., Tranche B3 | 2/14/2013 | 15,742,500 | 16,026,954 | 0.42 | |||||||||||||
Loan Assignments | Scientific Games International, | 1/25/2012 | 11,742,174 | 11,842,447 | 0.31 | |||||||||||||
Loan Assignments | Nielsen Finance LLC, Tranche E | 2/25/2013 | 5,000,000 | 5,058,750 | 0.13 | |||||||||||||
Loan Assignments | Revlon Inc., Tranche B | 2/21/2013 | 8,482,339 | 8,599,152 | 0.23 | |||||||||||||
|
|
|
|
|
| |||||||||||||
$ | 91,938,342 | $ | 94,090,204 | 2.48 | % | |||||||||||||
|
|
|
|
|
|
(F) | All or a portion of this security is on loan. The value of all securities on loan is $94,378,408. The amount of securities on loan indicated may not correspond with the securities on loan identified because securities with pending sales are in the process of recall from the brokers. |
(G) | Payment in-kind. Securities pay interest or dividends in the form of additional bonds or preferred stock. If a security makes cash payment in addition to in-kind, the cash rate is disclosed separately. |
(H) | All or portion of this security represents unsettled loan commitment at April 30, 2013 where the rate will be determined at time of settlement. |
(I) | Rate shown reflects the yield at April 30, 2013. |
(J) | Aggregate cost for federal income tax purposes is $3,770,617,879. Aggregate gross unrealized appreciation and depreciation for all securities in which there is an excess of value over tax cost were $80,747,440 and $3,773,669, respectively. Net unrealized appreciation for tax purposes is $76,973,771. |
DEFINITIONS:
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 April 30, 2013, these securities aggregated $1,727,613,242 or 45.60% of the fund’s net assets. | |
AGM | Assured Guaranty Municipal Corporation | |
CLO | Collateralized Loan Obligation | |
GMTN | Global Medium Term Note | |
MTN | Medium Term Note | |
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 ABBREVIATION:
BRL | Brazilian Real |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 89
Transamerica Short-Term Bond
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
VALUATION SUMMARY: (K)
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
ASSETS | ||||||||||||||||
Investment Securities | ||||||||||||||||
U.S. Government Agency Obligation | $ | — | $ | 702,554 | $ | — | $ | 702,554 | ||||||||
Mortgage-Backed Securities | — | 809,160,833 | — | 809,160,833 | ||||||||||||
Asset-Backed Securities | — | 330,279,314 | — | 330,279,314 | ||||||||||||
Municipal Government Obligation | — | 17,630,881 | — | 17,630,881 | ||||||||||||
Corporate Debt Securities | — | 2,398,897,204 | — | 2,398,897,204 | ||||||||||||
Loan Assignments | — | 76,459,323 | — | 76,459,323 | ||||||||||||
Securities Lending Collateral | 96,347,115 | — | — | 96,347,115 | ||||||||||||
Repurchase Agreement | — | 118,114,426 | — | 118,114,426 | ||||||||||||
Total Investment Securities | $ | 96,347,115 | $ | 3,751,244,535 | $ | — | $ | 3,847,591,650 | ||||||||
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
LIABILITIES | ||||||||||||||||
Other Liabilities (L) | ||||||||||||||||
Collateral for Securities on Loan | $ | — | $ | (96,347,115 | ) | $ | — | $ | (96,347,115 | ) | ||||||
Total Other Liabilities | $ | — | $ | (96,347,115 | ) | $ | — | $ | (96,347,115 | ) |
(K) | Transfers between levels are considered to have occurred at the end of the reporting period. There were no transfers between Levels 1 and 2 during the period ended April 30, 2013. See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
(L) | Certain assets and liabilities are held at carrying amount or face value, which approximates fair value for financial reporting purposes. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 90
Transamerica Small Cap Growth
SCHEDULE OF INVESTMENTS
At April 30, 2013
(unaudited)
Shares | Value | |||||||
COMMON STOCKS - 95.9% | ||||||||
Aerospace & Defense - 2.6% | ||||||||
Triumph Group, Inc. | 141,560 | $ 11,310,644 | ||||||
Air Freight & Logistics - 1.2% | ||||||||
Hub Group, Inc. - Class A (A) (B) | 138,935 | 5,091,968 | ||||||
Chemicals - 1.0% | ||||||||
Kraton Performance Polymers, Inc. (A) | 203,390 | 4,618,987 | ||||||
Commercial Banks - 10.3% | ||||||||
Bank of the Ozarks, Inc. (B) | 206,050 | 8,433,626 | ||||||
Home Bancshares, Inc. (B) | 177,740 | 7,059,833 | ||||||
PrivateBancorp, Inc. - Class A (B) | 606,820 | 11,638,808 | ||||||
Signature Bank (A) (B) | 75,070 | 5,375,763 | ||||||
SVB Financial Group (A) (B) | 106,640 | 7,583,170 | ||||||
Texas Capital Bancshares, Inc. (A) (B) | 130,790 | 5,448,711 | ||||||
Commercial Services & Supplies - 2.7% |
| |||||||
Healthcare Services Group Inc. (B) | 531,460 | 11,846,243 | ||||||
Communications Equipment - 1.6% |
| |||||||
Ixia (A) (B) | 201,060 | 3,311,458 | ||||||
Procera Networks, Inc. (A) (B) | 324,388 | 3,597,463 | ||||||
Diversified Consumer Services - 0.5% |
| |||||||
Coinstar, Inc. (A) (B) | 39,343 | 2,077,704 | ||||||
Diversified Financial Services - 1.4% |
| |||||||
MarketAxess Holdings, Inc. | 141,295 | 5,979,604 | ||||||
Electrical Equipment - 2.0% | ||||||||
EnerSys, Inc. (A) (B) | 192,480 | 8,823,283 | ||||||
Energy Equipment & Services - 1.3% |
| |||||||
Pacific Drilling SA (A) | 582,770 | 5,816,045 | ||||||
Food Products - 2.5% | ||||||||
Annie’s, Inc. (A) | 109,990 | 4,156,522 | ||||||
TreeHouse Foods, Inc. (A) | 107,510 | 6,849,462 | ||||||
Health Care Equipment & Supplies - 1.7% |
| |||||||
Cantel Medical Corp. | 140,136 | 4,429,699 | ||||||
Neogen Corp. (A) | 62,141 | 3,158,627 | ||||||
Health Care Providers & Services - 4.6% |
| |||||||
Air Methods Corp. (B) | 337,530 | 12,350,223 | ||||||
Centene Corp. (A) | 167,450 | 7,736,190 | ||||||
Health Care Technology - 6.9% | ||||||||
athenahealth, Inc. (A) (B) | 107,800 | 10,376,828 | ||||||
HMS Holdings Corp. (A) (B) | 245,720 | 6,194,601 | ||||||
Medidata Solutions, Inc. (A) (B) | 134,920 | 8,953,291 | ||||||
Vocera Communications, Inc. - Class A (A) | 240,048 | 4,752,951 | ||||||
Hotels, Restaurants & Leisure - 3.2% |
| |||||||
Buffalo Wild Wings, Inc. (A) (B) | 51,770 | 4,659,300 | ||||||
Red Robin Gourmet Burgers, Inc. (A) (B) | 96,025 | 4,644,729 | ||||||
Sonic Corp. (A) | 384,810 | 4,821,670 | ||||||
Household Durables - 2.6% | ||||||||
Meritage Homes Corp. (A) | 234,970 | 11,464,186 | ||||||
Insurance - 1.3% | ||||||||
Hilltop Holdings, Inc. (A) | 444,600 | 5,953,194 | ||||||
Internet Software & Services - 3.0% |
| |||||||
LivePerson, Inc. (A) (B) | 415,109 | 5,321,697 | ||||||
SPS Commerce, Inc. (A) (B) | 169,460 | 7,986,650 | ||||||
IT Services - 2.0% | ||||||||
MAXIMUS, Inc. - Class A (B) | 108,095 | 8,614,091 | ||||||
Life Sciences Tools & Services - 2.7% |
| |||||||
ICON PLC (A) | 88,149 | 2,831,346 | ||||||
PAREXEL International Corp. (A) (B) | 216,470 | 8,864,446 | ||||||
Machinery - 4.7% | ||||||||
Chart Industries, Inc. (A) (B) | 68,520 | 5,811,181 | ||||||
Wabtec Corp. | 143,450 | 15,053,643 |
Shares | Value | |||||||
Oil, Gas & Consumable Fuels - 6.2% |
| |||||||
Approach Resources, Inc. (A) (B) | 457,110 | $ 10,842,649 | ||||||
Callon Petroleum Co. (A) (B) | 429,540 | 1,537,753 | ||||||
Gulfport Energy Corp. (A) | 282,680 | 14,753,070 | ||||||
Personal Products - 3.1% | ||||||||
Inter Parfums, Inc. | 197,130 | 5,710,856 | ||||||
Prestige Brands Holdings, Inc. (A) | 296,060 | 7,978,817 | ||||||
Pharmaceuticals - 2.6% | ||||||||
Akorn, Inc. - Class A (A) (B) | 756,665 | 11,387,808 | ||||||
Professional Services - 3.2% | ||||||||
Advisory Board Co. (A) (B) | 284,625 | 13,989,319 | ||||||
Semiconductors & Semiconductor Equipment - 2.2% |
| |||||||
Applied Micro Circuits Corp. (A) (B) | 831,160 | 6,200,453 | ||||||
Inphi Corp. (A) (B) | 391,870 | 3,687,497 | ||||||
Software - 5.9% | ||||||||
AVG Technologies NV (A) (B) | 396,780 | 6,475,450 | ||||||
QLIK Technologies, Inc. (A) (B) | 175,600 | 4,567,356 | ||||||
Sourcefire, Inc. (A) | 79,000 | 3,773,040 | ||||||
Synchronoss Technologies, Inc. (A) (B) | 394,075 | 11,168,085 | ||||||
Specialty Retail - 8.6% | ||||||||
Asbury Automotive Group, Inc. (A) (B) | 246,310 | 9,874,568 | ||||||
Express, Inc. (A) | 246,160 | 4,482,574 | ||||||
Francesca’s Holdings Corp. (A) (B) | 162,650 | 4,645,284 | ||||||
Group 1 Automotive, Inc. (B) | 145,490 | 8,799,235 | ||||||
Pier 1 Imports, Inc. (B) | 435,990 | 10,119,328 | ||||||
Textiles, Apparel & Luxury Goods - 2.4% |
| |||||||
Deckers Outdoor Corp. (A) (B) | 81,020 | 4,465,822 | ||||||
Steven Madden, Ltd. - Class B (A) | 125,700 | 6,112,791 | ||||||
Trading Companies & Distributors - 1.9% |
| |||||||
Beacon Roofing Supply, Inc. (A) (B) | 222,300 | 8,476,299 | ||||||
|
| |||||||
Total Common Stocks (cost $386,427,519) |
| 422,045,891 | ||||||
|
| |||||||
SECURITIES LENDING COLLATERAL - 23.5% |
| |||||||
State Street Navigator Securities Lending Trust - Prime Portfolio, 0.18% (C) | 103,636,963 | 103,636,963 | ||||||
|
| |||||||
Total Securities Lending Collateral (cost $103,636,963) |
| 103,636,963 | ||||||
|
| |||||||
Principal | Value | |||||||
REPURCHASE AGREEMENT - 7.8% |
| |||||||
State Street Bank & Trust Co. 0.03% (C), dated 04/30/2013, to be repurchased at $34,256,767 on 05/01/2013. Collateralized by a U.S. Government Agency Obligation, 3.50%, due 11/25/2038, and with a value of $34,943,643. | $ 34,256,738 | 34,256,738 | ||||||
|
| |||||||
Total Repurchase Agreement (cost $34,256,738) |
| 34,256,738 | ||||||
|
| |||||||
Total Investment Securities (cost $524,321,220) (D) |
| 559,939,592 | ||||||
Other Assets and Liabilities - Net | (119,641,498 | ) | ||||||
|
| |||||||
Net Assets | $ 440,298,094 | |||||||
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 91
Transamerica Small Cap Growth
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
NOTES TO SCHEDULE OF INVESTMENTS:
(A) | Non-income producing security. |
(B) | All or a portion of this security is on loan. The value of all securities on loan is $101,248,771. The amount of securities on loan indicated may not correspond with the securities on loan identified because securities with pending sales are in the process of recall from the brokers. |
(C) | Rate shown reflects the yield at April 30, 2013. |
(D) | Aggregate cost for federal income tax purposes is $524,321,220. Aggregate gross unrealized appreciation and depreciation for all securities in which there is an excess of value over tax cost were $44,415,271 and $8,796,899, respectively. Net unrealized appreciation for tax purposes is $35,618,372. |
VALUATION SUMMARY: (E)
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
ASSETS | ||||||||||||||||
Investment Securities | ||||||||||||||||
Common Stocks | $ | 422,045,891 | $ | — | $ | — | $ | 422,045,891 | ||||||||
Securities Lending Collateral | 103,636,963 | — | — | 103,636,963 | ||||||||||||
Repurchase Agreement | — | 34,256,738 | — | 34,256,738 | ||||||||||||
Total Investment Securities | $ | 525,682,854 | $ | 34,256,738 | $ | — | $ | 559,939,592 | ||||||||
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
LIABILITIES | ||||||||||||||||
Other Liabilities (F) | ||||||||||||||||
Collateral for Securities on Loan | $ | — | $ | (103,636,963 | ) | $ | — | $ | (103,636,963 | ) | ||||||
Total Other Liabilities | $ | — | $ | (103,636,963 | ) | $ | — | $ | (103,636,963 | ) |
(E) | Transfers between levels are considered to have occurred at the end of the reporting period. There were no transfers between Levels 1 and 2 during the period ended April 30, 2013. See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
(F) | Certain assets and liabilities are held at carrying amount or face value, which approximates fair value for financial reporting purposes. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 92
Transamerica Small Cap Value
SCHEDULE OF INVESTMENTS
At April 30, 2013
(unaudited)
Shares | Value | |||||||
COMMON STOCKS - 95.9% | ||||||||
Aerospace & Defense - 0.0% (A) | ||||||||
AAR Corp. | 14,246 | $ 254,434 | ||||||
Air Freight & Logistics - 0.7% | ||||||||
Air Transport Services Group, Inc. (B) (C) | 783,661 | 4,521,724 | ||||||
Airlines - 0.2% | ||||||||
SkyWest, Inc. | 72,213 | 1,033,368 | ||||||
Automobiles - 1.6% | ||||||||
Thor Industries, Inc. (C) | 258,292 | 9,580,050 | ||||||
Capital Markets - 4.1% | ||||||||
Ares Capital Corp. | 753,565 | 13,684,740 | ||||||
Investment Technology Group, Inc. (B) (C) | 89,387 | 973,424 | ||||||
Waddell & Reed Financial, Inc. - Class A | 200,902 | 8,612,669 | ||||||
Walter Investment Management Corp. (B) (C) | 48,044 | 1,612,357 | ||||||
Chemicals - 1.8% | ||||||||
RPM International, Inc. | 109,052 | 3,533,285 | ||||||
Sensient Technologies Corp. | 186,164 | 7,325,553 | ||||||
Commercial Banks - 10.7% | ||||||||
BancorpSouth, Inc. (C) | 178,899 | 2,862,384 | ||||||
Bank of Hawaii Corp. (C) | 118,286 | 5,641,059 | ||||||
BBCN Bancorp, Inc. | 667,909 | 8,602,668 | ||||||
Community Bank System, Inc. (C) | 63,492 | 1,818,411 | ||||||
East-West Bancorp, Inc. | 431,027 | 10,486,887 | ||||||
First Niagara Financial Group, Inc. (C) | 1,054,397 | 10,027,315 | ||||||
FirstMerit Corp. | 314,768 | 5,391,976 | ||||||
FNB Corp. (C) | 588,882 | 6,707,366 | ||||||
Hancock Holding Co. (C) | 260,547 | 7,105,117 | ||||||
Trustmark Corp. - Class A (C) | 255,111 | 6,262,975 | ||||||
Commercial Services & Supplies - 3.2% | ||||||||
ACCO Brands Corp. (B) (C) | 744,514 | 5,025,470 | ||||||
ARC Document Solutions, Inc. (B) | 380,255 | 1,220,619 | ||||||
Deluxe Corp. (C) | 245,525 | 9,364,323 | ||||||
Ennis, Inc. | 225,747 | 3,469,731 | ||||||
Communications Equipment - 2.9% | ||||||||
Black Box Corp. | 274,495 | 5,962,032 | ||||||
Oplink Communications, Inc. (B) | 437,150 | 7,178,003 | ||||||
Plantronics, Inc. (C) | 94,398 | 4,136,520 | ||||||
Computers & Peripherals - 0.5% | ||||||||
QLogic Corp. (B) (C) | 261,474 | 2,839,608 | ||||||
Construction & Engineering - 0.6% | ||||||||
Aegion Corp. - Class A (B) (C) | 121,284 | 2,554,241 | ||||||
Tutor Perini Corp. (B) (C) | 65,907 | 1,083,511 | ||||||
Consumer Finance - 1.8% | ||||||||
World Acceptance Corp. (B) (C) | 123,987 | 11,017,485 | ||||||
Containers & Packaging - 2.0% | ||||||||
Greif, Inc. - Class A | 129,276 | 6,227,225 | ||||||
Sonoco Products Co. | 167,765 | 5,878,485 | ||||||
Diversified Financial Services - 0.9% | ||||||||
Fifth Street Finance Corp. (C) | 493,479 | 5,448,008 | ||||||
Electric Utilities - 2.7% | ||||||||
Empire District Electric Co. | 287,473 | 6,632,002 | ||||||
Portland General Electric Co. | 300,269 | 9,683,675 | ||||||
Electrical Equipment - 2.6% | ||||||||
EnerSys, Inc. (B) (C) | 143,019 | 6,555,991 | ||||||
Franklin Electric Co., Inc. | 127,197 | 4,117,367 | ||||||
GrafTech International, Ltd. (B) (C) | 732,591 | 5,260,003 | ||||||
Electronic Equipment & Instruments - 4.6% | ||||||||
Anixter International, Inc. (C) | 80,082 | 5,745,083 | ||||||
Benchmark Electronics, Inc. (B) | 174,818 | 3,118,753 | ||||||
CTS Corp. | 457,690 | 4,874,398 |
Shares | Value | |||||||
Electronic Equipment & Instruments (continued) |
| |||||||
Park Electrochemical Corp. (C) | 255,083 | $ 6,088,831 | ||||||
Plexus Corp. (B) | 88,415 | 2,384,553 | ||||||
ScanSource, Inc. (B) | 188,683 | 5,466,147 | ||||||
Energy Equipment & Services - 3.1% | ||||||||
Atwood Oceanics, Inc. (B) (C) | 61,367 | 3,010,052 | ||||||
Gulfmark Offshore, Inc. - Class A (C) | 94,736 | 3,942,912 | ||||||
Tidewater, Inc. (C) | 227,042 | 11,908,353 | ||||||
Food & Staples Retailing - 0.8% | ||||||||
Nash Finch Co. | 225,691 | 4,637,950 | ||||||
Gas Utilities - 1.1% | ||||||||
Atmos Energy Corp. (C) | 151,352 | 6,715,488 | ||||||
Health Care Equipment & Supplies - 2.4% | ||||||||
Hill-Rom Holdings, Inc. (C) | 299,851 | 10,215,924 | ||||||
Symmetry Medical, Inc. (B) | 334,250 | 3,984,260 | ||||||
Health Care Providers & Services - 2.6% | ||||||||
Amsurg Corp. - Class A (B) | 201,000 | 6,745,560 | ||||||
Kindred Healthcare, Inc. (B) (C) | 870,190 | 9,128,293 | ||||||
Hotels, Restaurants & Leisure - 1.6% | ||||||||
Cracker Barrel Old Country Store, Inc. | 77,703 | 6,429,146 | ||||||
Ruth’s Hospitality Group, Inc. (B) (C) | 338,586 | 3,355,387 | ||||||
Household Durables - 0.4% | ||||||||
Harman International Industries, Inc. (C) | 52,365 | 2,341,239 | ||||||
Insurance - 7.5% | ||||||||
American Equity Investment Life Holding Co. (C) | 577,917 | 8,807,455 | ||||||
Donegal Group, Inc. - Class A (C) | 45,128 | 660,674 | ||||||
FBL Financial Group, Inc. - Class A (C) | 93,680 | 3,682,561 | ||||||
Hanover Insurance Group, Inc. (C) | 131,641 | 6,638,656 | ||||||
HCC Insurance Holdings, Inc. (C) | 230,941 | 9,838,086 | ||||||
Tower Group International, Ltd. | 493,992 | 9,346,329 | ||||||
Validus Holdings, Ltd. (C) | 168,230 | 6,495,360 | ||||||
IT Services - 2.7% | ||||||||
CACI International, Inc. - Class A (B) | 278,169 | 16,270,105 | ||||||
Metals & Mining - 1.6% | ||||||||
Kaiser Aluminum Corp. (C) | 154,773 | 9,750,699 | ||||||
Office Electronics - 1.2% | ||||||||
Zebra Technologies Corp. - Class A (B) | 161,732 | 7,544,798 | ||||||
Oil, Gas & Consumable Fuels - 2.0% | ||||||||
Berry Petroleum Co. - Class A | 42,801 | 2,050,596 | ||||||
Callon Petroleum Co. (B) | 440,541 | 1,577,137 | ||||||
Kodiak Oil & Gas Corp. (B) | 370,145 | 2,898,235 | ||||||
Stone Energy Corp. (B) (C) | 277,042 | 5,466,039 | ||||||
Paper & Forest Products - 0.6% | ||||||||
P.H. Glatfelter Co. | 162,419 | 3,898,056 | ||||||
Personal Products - 3.0% | ||||||||
Nu Skin Enterprises, Inc. - Class A (C) | 358,463 | 18,184,828 | ||||||
Professional Services - 4.0% | ||||||||
CBIZ, Inc. (B) (C) | 936,224 | 6,076,094 | ||||||
FTI Consulting, Inc. (B) (C) | 245,694 | 8,137,385 | ||||||
Korn/Ferry International (B) | 607,478 | 10,053,761 | ||||||
Real Estate Investment Trusts - 7.7% | ||||||||
First Potomac Realty Trust (C) | 214,373 | 3,429,968 | ||||||
Hersha Hospitality Trust - Class A | 1,669,434 | 9,983,215 | ||||||
LaSalle Hotel Properties (C) | 90,817 | 2,354,885 | ||||||
Medical Properties Trust, Inc. (C) | 710,125 | 11,425,911 | ||||||
Omega Healthcare Investors, Inc. (C) | 422,806 | 13,897,633 | ||||||
Ramco-Gershenson Properties Trust (C) | 297,116 | 5,190,617 | ||||||
Road & Rail - 0.9% | ||||||||
Werner Enterprises, Inc. (C) | 240,668 | 5,525,737 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 93
Transamerica Small Cap Value
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Shares | Value | |||||||
Semiconductors & Semiconductor Equipment - 0.5% |
| |||||||
Integrated Silicon Solution, Inc. (B) (C) | 341,429 | $ 3,130,904 | ||||||
Software - 0.8% | ||||||||
American Software, Inc. - Class A (C) | 588,714 | 4,892,213 | ||||||
Specialty Retail - 8.9% | ||||||||
Ascena Retail Group, Inc. - Class B (B) (C) | 534,687 | 9,891,710 | ||||||
Finish Line, Inc. - Class A (C) | 173,762 | 3,369,245 | ||||||
Genesco, Inc. (B) | 174,663 | 10,750,508 | ||||||
JOS A. Bank Clothiers, Inc. (B) (C) | 94,933 | 4,146,673 | ||||||
Rent-A-Center, Inc. (C) | 404,957 | 14,145,148 | ||||||
Select Comfort Corp. (B) | 207,785 | 4,409,198 | ||||||
Sonic Automotive, Inc. - Class A | 315,978 | 6,948,356 | ||||||
Textiles, Apparel & Luxury Goods - 1.6% |
| |||||||
Iconix Brand Group, Inc. (B) (C) | 330,334 | 9,464,069 | ||||||
|
| |||||||
Total Common Stocks (cost $525,635,984) |
| 580,117,234 | ||||||
|
| |||||||
SECURITIES LENDING COLLATERAL - 18.4% |
| |||||||
State Street Navigator Securities Lending Trust - Prime Portfolio, 0.18% (D) | 111,382,852 | 111,382,852 | ||||||
|
| |||||||
Total Securities Lending Collateral (cost $111,382,852) |
| 111,382,852 | ||||||
|
|
Principal | Value | |||||||
REPURCHASE AGREEMENT - 7.0% | ||||||||
State Street Bank & Trust Co. | $ 42,221,771 | $ 42,221,771 | ||||||
|
| |||||||
Total Repurchase Agreement (cost $42,221,771) |
| 42,221,771 | ||||||
|
| |||||||
Total Investment Securities (cost $679,240,607) (E) |
| 733,721,857 | ||||||
Other Assets and Liabilities - Net | (128,849,866 | ) | ||||||
|
| |||||||
Net Assets | $ 604,871,991 | |||||||
|
|
NOTES TO SCHEDULE OF INVESTMENTS:
(A) | Percentage rounds to less than 0.1%. |
(B) | Non-income producing security. |
(C) | All or a portion of this security is on loan. The value of all securities on loan is $108,571,818. The amount of securities on loan indicated may not correspond with the securities on loan identified because securities with pending sales are in the process of recall from the brokers. |
(D) | Rate shown reflects the yield at April 30, 2013. |
(E) | Aggregate cost for federal income tax purposes is $679,240,607. Aggregate gross unrealized appreciation and depreciation for all securities in which there is an excess of value over tax cost were $61,946,205 and $7,464,955, respectively. Net unrealized appreciation for tax purposes is $54,481,250. |
VALUATION SUMMARY: (F)
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
ASSETS | ||||||||||||||||
Investment Securities | ||||||||||||||||
Common Stocks | $ | 580,117,234 | $ | — | $ | — | $ | 580,117,234 | ||||||||
Securities Lending Collateral | 111,382,852 | — | — | 111,382,852 | ||||||||||||
Repurchase Agreement | — | 42,221,771 | — | 42,221,771 | ||||||||||||
Total Investment Securities | $ | 691,500,086 | $ | 42,221,771 | $ | — | $ | 733,721,857 | ||||||||
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
LIABILITIES | ||||||||||||||||
Other Liabilities (G) | ||||||||||||||||
Collateral for Securities on Loan | $ | — | $ | (111,382,852 | ) | $ | — | $ | (111,382,852 | ) | ||||||
Total Other Liabilities | $ | — | $ | (111,382,852 | ) | $ | — | $ | (111,382,852 | ) |
(F) | Transfers between levels are considered to have occurred at the end of the reporting period. There were no transfers between Levels 1 and 2 during the period ended April 30, 2013. See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
(G) | Certain assets and liabilities are held at carrying amount or face value, which approximates fair value for financial reporting purposes. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 94
Transamerica Small/Mid Cap Value
SCHEDULE OF INVESTMENTS
At April 30, 2013
(unaudited)
Shares | Value | |||||||
COMMON STOCKS - 97.7% |
| |||||||
Aerospace & Defense - 1.1% |
| |||||||
American Science & Engineering, Inc. | 17,300 | $ 1,115,504 | ||||||
Curtiss-Wright Corp. | 36,500 | 1,198,660 | ||||||
Orbital Sciences Corp. (A) | 97,400 | 1,755,148 | ||||||
Triumph Group, Inc. | 62,325 | 4,979,767 | ||||||
Air Freight & Logistics - 0.3% | ||||||||
Atlas Air Worldwide Holdings, Inc. (A) | 53,840 | 2,013,616 | ||||||
Airlines - 0.8% | ||||||||
Delta Air Lines, Inc. (A) | 354,875 | 6,082,558 | ||||||
Auto Components - 0.8% | ||||||||
Magna International, Inc. - Class A | 106,200 | 6,390,054 | ||||||
Building Products - 0.9% | ||||||||
A.O. Smith Corp. | 42,400 | 3,198,232 | ||||||
American Woodmark Corp. (A) (B) | 14,398 | 484,493 | ||||||
Fortune Brands Home & Security, Inc. (A) | 40,800 | 1,484,712 | ||||||
Gibraltar Industries, Inc. (A) (B) | 122,519 | 2,291,105 | ||||||
Capital Markets - 2.2% | ||||||||
Evercore Partners, Inc. - Class A | 115,175 | 4,347,856 | ||||||
LPL Financial Holdings, Inc. | 24,900 | 860,544 | ||||||
Piper Jaffray Cos. (A) | 34,600 | 1,168,096 | ||||||
Raymond James Financial, Inc. | 141,475 | 5,859,895 | ||||||
Stifel Financial Corp. (A) | 70,000 | 2,255,400 | ||||||
Waddell & Reed Financial, Inc. - Class A | 78,400 | 3,361,008 | ||||||
Chemicals - 1.8% | ||||||||
Axiall Corp. | 107,350 | 5,630,507 | ||||||
Huntsman Corp. | 256,750 | 4,842,305 | ||||||
OM Group, Inc. (A) (B) | 74,200 | 1,815,674 | ||||||
Tronox, Ltd. - Class A (B) | 126,500 | 2,598,310 | ||||||
Commercial Banks - 6.7% | ||||||||
Fifth Third Bancorp | 513,600 | 8,746,608 | ||||||
First Citizens BancShares, Inc. - Class A | 24,463 | 4,560,392 | ||||||
First Community Bancshares, Inc. | 177,440 | 2,752,094 | ||||||
First Niagara Financial Group, Inc. | 236,370 | 2,247,879 | ||||||
First Republic Bank - Class A | 62,600 | 2,377,548 | ||||||
KeyCorp | 488,900 | 4,874,333 | ||||||
Lakeland Bancorp, Inc. - Class A (B) | 145,736 | 1,393,236 | ||||||
Regions Financial Corp. | 1,498,775 | 12,724,600 | ||||||
Sandy Spring Bancorp, Inc. (B) | 118,000 | 2,416,640 | ||||||
Texas Capital Bancshares, Inc. (A) | 44,000 | 1,833,040 | ||||||
Umpqua Holdings Corp. (B) | 190,000 | 2,280,000 | ||||||
Union First Market Bankshares Corp. (B) | 86,594 | 1,637,493 | ||||||
Washington Trust Bancorp, Inc. (B) | 55,921 | 1,495,887 | ||||||
Webster Financial Corp. | 138,400 | 3,234,408 | ||||||
Wilshire Bancorp, Inc. (A) | 303,600 | 1,940,004 | ||||||
Commercial Services & Supplies - 0.5% | ||||||||
Avery Dennison Corp. | 46,250 | 1,917,063 | ||||||
HNI Corp. (B) | 72,200 | 2,485,846 | ||||||
Communications Equipment - 0.4% | ||||||||
KVH Industries, Inc. (A) (B) | 157,983 | 2,086,955 | ||||||
Polycom, Inc. (A) | 121,700 | 1,277,850 | ||||||
Construction & Engineering - 1.4% | ||||||||
Chicago Bridge & Iron Co. NV - Class Y | 23,800 | 1,280,202 | ||||||
Comfort Systems USA, Inc. - Class A | 148,800 | 1,909,104 | ||||||
EMCOR Group, Inc. | 179,625 | 6,717,975 | ||||||
Foster Wheeler AG (A) | 57,200 | 1,206,920 | ||||||
Construction Materials - 0.7% | ||||||||
Caesar Stone Sdot Yam, Ltd. (A) | 239,700 | 5,623,362 | ||||||
Consumer Finance - 0.6% | ||||||||
Discover Financial Services | 114,675 | 5,015,885 |
Shares | Value | |||||||
Containers & Packaging - 0.3% | ||||||||
Bemis Co., Inc. | 68,375 | $ 2,690,556 | ||||||
Electric Utilities - 1.4% | ||||||||
Cleco Corp. | 196,350 | 9,723,252 | ||||||
MGE Energy, Inc. (B) | 27,800 | 1,552,630 | ||||||
Electrical Equipment - 1.4% | ||||||||
Eaton Corp. PLC | 70,750 | 4,344,757 | ||||||
PowerSecure International, Inc. (A) (B) | 338,061 | 4,631,436 | ||||||
Regal Beloit Corp. | 33,300 | 2,618,046 | ||||||
Electronic Equipment & Instruments - 1.6% | ||||||||
Avnet, Inc. (A) | 192,350 | 6,299,462 | ||||||
Orbotech, Ltd. (A) | 177,600 | 1,820,400 | ||||||
Rofin-Sinar Technologies, Inc. (A) (B) | 54,800 | 1,364,520 | ||||||
Universal Display Corp. - Class A (A) (B) | 34,200 | 1,075,248 | ||||||
Vishay Intertechnology, Inc. (A) (B) | 194,800 | 2,734,992 | ||||||
Energy Equipment & Services - 1.5% | ||||||||
Dresser-Rand Group, Inc. (A) | 35,600 | 1,979,716 | ||||||
Helix Energy Solutions Group, Inc. - Class A (A) | 77,000 | 1,774,080 | ||||||
Patterson-UTI Energy, Inc. (B) | 395,400 | 8,338,986 | ||||||
Food & Staples Retailing - 0.7% | ||||||||
Kroger Co. | 160,000 | 5,500,800 | ||||||
Food Products - 2.5% | ||||||||
Ingredion, Inc. | 49,025 | 3,530,290 | ||||||
J&J Snack Foods Corp. | 25,145 | 1,886,378 | ||||||
JM Smucker Co. | 46,325 | 4,782,130 | ||||||
Sanderson Farms, Inc. | 38,600 | 2,364,636 | ||||||
Tyson Foods, Inc. - Class A | 302,725 | 7,456,117 | ||||||
Health Care Equipment & Supplies - 3.0% | ||||||||
AngioDynamics, Inc. (A) | 123,500 | 1,251,055 | ||||||
Becton Dickinson and Co. | 66,025 | 6,226,157 | ||||||
Boston Scientific Corp. (A) | 524,550 | 3,928,880 | ||||||
CareFusion Corp. - Class A (A) | 139,525 | 4,665,716 | ||||||
Greatbatch, Inc. (A) (B) | 102,957 | 2,876,619 | ||||||
Sirona Dental Systems, Inc. (A) | 78,025 | 5,737,958 | ||||||
Health Care Providers & Services - 2.5% | ||||||||
Aetna, Inc. | 63,925 | 3,671,852 | ||||||
Coventry Health Care, Inc. | 45,800 | 2,269,390 | ||||||
Health Net, Inc. (A) | 60,000 | 1,764,000 | ||||||
HealthSouth Corp. (A) | 106,900 | 2,939,750 | ||||||
Omnicare, Inc. (B) | 162,350 | 7,106,059 | ||||||
WellCare Health Plans, Inc. (A) | 41,600 | 2,425,696 | ||||||
Health Care Technology - 0.4% | ||||||||
Omnicell, Inc. (A) | 176,800 | 3,185,936 | ||||||
Hotels, Restaurants & Leisure - 0.6% | ||||||||
Churchill Downs, Inc. | 58,800 | 4,495,848 | ||||||
Household Durables - 4.0% | ||||||||
Harman International Industries, Inc. | 40,800 | 1,824,168 | ||||||
Helen of Troy, Ltd. (A) | 43,400 | 1,513,792 | ||||||
La-Z-Boy, Inc. | 139,400 | 2,517,564 | ||||||
MDC Holdings, Inc. (B) | 39,925 | 1,501,180 | ||||||
Mohawk Industries, Inc. (A) | 33,475 | 3,711,708 | ||||||
Newell Rubbermaid, Inc. | 283,000 | 7,454,220 | ||||||
Ryland Group, Inc. (B) | 186,471 | 8,402,383 | ||||||
Whirlpool Corp. | 48,035 | 5,489,440 | ||||||
Household Products - 0.7% | ||||||||
Spectrum Brands Holdings, Inc. - Class A | 97,300 | 5,448,800 | ||||||
Independent Power Producers & Energy Traders - 2.1% |
| |||||||
AES Corp. | 498,725 | 6,912,329 | ||||||
NRG Energy, Inc. | 372,075 | 10,369,730 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 95
Transamerica Small/Mid Cap Value
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Shares | Value | |||||||
Insurance - 7.7% | ||||||||
Alleghany Corp. (A) | 9,000 | $ 3,543,660 | ||||||
Allstate Corp. | 56,675 | 2,791,811 | ||||||
Aspen Insurance Holdings, Ltd. | 92,500 | 3,532,575 | ||||||
eHealth, Inc. (A) (B) | 45,300 | 948,582 | ||||||
Fidelity National Financial, Inc. - Class A | 115,625 | 3,104,531 | ||||||
HCC Insurance Holdings, Inc. | 114,000 | 4,856,400 | ||||||
Lincoln National Corp. | 379,175 | 12,895,742 | ||||||
Selective Insurance Group, Inc. (B) | 234,400 | 5,491,992 | ||||||
United Fire Group, Inc. | 242,943 | 6,792,686 | ||||||
Unum Group | 181,400 | 5,059,246 | ||||||
Validus Holdings, Ltd. | 357,250 | 13,793,422 | ||||||
Internet Software & Services - 1.6% | ||||||||
AOL, Inc. (A) | 89,900 | 3,473,736 | ||||||
Blucora, Inc. (A) (B) | 58,500 | 864,045 | ||||||
IAC/InterActiveCorp | 62,000 | 2,918,340 | ||||||
ValueClick, Inc. (A) (B) | 117,616 | 3,629,630 | ||||||
XO Group, Inc. (A) | 180,200 | 2,029,052 | ||||||
IT Services - 1.6% | ||||||||
CoreLogic, Inc. (A) | 144,875 | 3,952,190 | ||||||
Fidelity National Information Services, Inc. | 138,900 | 5,840,745 | ||||||
Global Payments, Inc. (B) | 48,000 | 2,227,200 | ||||||
Sykes Enterprises, Inc. (A) | 65,500 | 1,008,045 | ||||||
Life Sciences Tools & Services - 0.2% | ||||||||
ICON PLC (A) | 49,550 | 1,591,546 | ||||||
Machinery - 4.2% | ||||||||
AGCO Corp. | 102,997 | 5,484,590 | ||||||
Altra Holdings, Inc. | 135,400 | 3,608,410 | ||||||
CIRCOR International, Inc. | 89,500 | 4,236,035 | ||||||
Columbus McKinnon Corp. (A) | 50,500 | 948,390 | ||||||
Crane Co. | 32,000 | 1,722,560 | ||||||
Mueller Industries, Inc. | 75,000 | 3,883,500 | ||||||
NN, Inc. (A) | 182,770 | 1,646,758 | ||||||
Oshkosh Corp. (A) | 42,800 | 1,680,328 | ||||||
Terex Corp. (A) | 202,800 | 5,800,080 | ||||||
Trinity Industries, Inc. | 78,523 | 3,314,456 | ||||||
Wabash National Corp. (A) (B) | 161,600 | 1,523,888 | ||||||
Media - 0.7% | ||||||||
Gannett Co., Inc. (B) | 291,950 | 5,885,712 | ||||||
Metals & Mining - 1.0% | ||||||||
Kaiser Aluminum Corp. (B) | 23,500 | 1,480,500 | ||||||
Nucor Corp. | 152,900 | 6,669,498 | ||||||
Multi-Utilities - 2.5% | ||||||||
CMS Energy Corp. | 284,500 | 8,517,930 | ||||||
NiSource, Inc. - Class B | 193,425 | 5,943,950 | ||||||
NorthWestern Corp. | 135,000 | 5,807,700 | ||||||
Office Electronics - 0.7% | ||||||||
Xerox Corp. | 624,175 | 5,355,422 | ||||||
Oil, Gas & Consumable Fuels - 5.1% | ||||||||
Energen Corp. | 158,675 | 7,524,368 | ||||||
Gulfport Energy Corp. (A) | 22,600 | 1,179,494 | ||||||
Hess Corp. | 69,950 | 5,048,991 | ||||||
HollyFrontier Corp. | 86,750 | 4,289,788 | ||||||
Peabody Energy Corp. | 291,675 | 5,851,000 | ||||||
SM Energy Co. | 54,500 | 3,324,500 | ||||||
Valero Energy Corp. | 77,450 | 3,122,784 | ||||||
W&T Offshore, Inc. (B) | 137,575 | 1,606,876 | ||||||
Western Refining, Inc. (B) | 71,100 | 2,197,701 | ||||||
Whiting Petroleum Corp. (A) | 169,400 | 7,538,300 |
Shares | Value | |||||||
Paper & Forest Products - 1.9% | ||||||||
Domtar Corp. | 35,400 | $ 2,460,654 | ||||||
International Paper Co. | 192,600 | 9,048,348 | ||||||
P.H. Glatfelter Co. | 150,300 | 3,607,200 | ||||||
Pharmaceuticals - 1.1% | ||||||||
Jazz Pharmaceuticals PLC (A) | 94,990 | 5,542,666 | ||||||
Nektar Therapeutics (A) (B) | 333,333 | 3,613,330 | ||||||
Professional Services - 1.6% | ||||||||
FTI Consulting, Inc. (A) (B) | 50,200 | 1,662,624 | ||||||
On Assignment, Inc. (A) (B) | 133,200 | 3,232,764 | ||||||
Towers Watson & Co. - Class A | 107,300 | 7,824,316 | ||||||
Real Estate Investment Trusts - 8.9% | ||||||||
BioMed Realty Trust, Inc. - Basis B | 360,675 | 8,118,794 | ||||||
Brandywine Realty Trust (B) | 986,650 | 14,730,685 | ||||||
CBL & Associates Properties, Inc. | 156,500 | 3,777,910 | ||||||
Corrections Corp. of America | 167,325 | 6,057,165 | ||||||
DiamondRock Hospitality Co. | 265,800 | 2,652,684 | ||||||
Equity One, Inc. | 127,100 | 3,239,779 | ||||||
Excel Trust, Inc. (B) | 328,219 | 4,998,776 | ||||||
Home Properties, Inc. | 32,700 | 2,107,842 | ||||||
Kilroy Realty Corp. (B) | 201,975 | 11,429,765 | ||||||
Liberty Property Trust - Series C | 173,875 | 7,474,886 | ||||||
National Retail Properties, Inc. (B) | 107,700 | 4,273,536 | ||||||
Weingarten Realty Investors (B) | 91,800 | 3,127,626 | ||||||
Real Estate Management & Development - 0.8% |
| |||||||
CBRE Group, Inc. - Class A (A) | 269,575 | 6,529,106 | ||||||
Road & Rail - 1.3% | ||||||||
AMERCO | 16,300 | 2,619,410 | ||||||
Ryder System, Inc. - Class A | 140,779 | 8,175,037 | ||||||
Semiconductors & Semiconductor Equipment - 5.8% |
| |||||||
Broadcom Corp. - Class A | 70,825 | 2,549,700 | ||||||
Brooks Automation, Inc. - Class A (B) | 247,900 | 2,409,588 | ||||||
Entegris, Inc. (A) | 284,600 | 2,698,008 | ||||||
LAM Research Corp. (A) | 105,175 | 4,861,189 | ||||||
LTX-Credence Corp. (A) | 410,500 | 2,421,950 | ||||||
Micron Technology, Inc. (A) | 541,725 | 5,103,049 | ||||||
MKS Instruments, Inc. | 67,600 | 1,816,412 | ||||||
NXP Semiconductor NV (A) | 292,229 | 8,050,909 | ||||||
OmniVision Technologies, Inc. (A) (B) | 270,000 | 3,620,700 | ||||||
RF Micro Devices, Inc. (A) | 230,000 | 1,290,300 | ||||||
Silicon Motion Technology Corp. - ADR (B) | 194,200 | 2,116,780 | ||||||
Skyworks Solutions, Inc. (A) | 318,350 | 7,025,984 | ||||||
Teradyne, Inc. (A) | 70,100 | 1,152,444 | ||||||
Veeco Instruments, Inc. (A) (B) | 48,200 | 1,834,974 | ||||||
Software - 2.0% | ||||||||
AVG Technologies NV (A) (B) | 127,000 | 2,072,640 | ||||||
Electronic Arts, Inc. (A) | 174,000 | 3,064,140 | ||||||
Progress Software Corp. (A) | 63,700 | 1,437,709 | ||||||
Seachange International, Inc. (A) | 97,000 | 1,053,420 | ||||||
Symantec Corp. (A) | 244,950 | 5,952,285 | ||||||
Websense, Inc. (A) | 170,000 | 3,032,800 | ||||||
Specialty Retail - 4.7% | ||||||||
Abercrombie & Fitch Co. - Class A | 201,950 | 10,008,642 | ||||||
American Eagle Outfitters, Inc. | 128,500 | 2,499,325 | ||||||
ANN, Inc. (A) | 91,001 | 2,688,170 | ||||||
Express, Inc. (A) | 115,000 | 2,094,150 | ||||||
Finish Line, Inc. - Class A (B) | 149,400 | 2,896,866 | ||||||
Foot Locker, Inc. | 178,975 | 6,240,858 | ||||||
GameStop Corp. - Class A (B) | 79,100 | 2,760,590 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 96
Transamerica Small/Mid Cap Value
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Shares | Value | |||||||
Specialty Retail (continued) | ||||||||
GNC Holdings, Inc. - Class A | 134,500 | $ 6,096,885 | ||||||
Staples, Inc. | 242,575 | 3,211,693 | ||||||
Textiles, Apparel & Luxury Goods - 0.3% |
| |||||||
Steven Madden, Ltd. - Class B (A) | 53,000 | 2,577,390 | ||||||
Thrifts & Mortgage Finance - 2.2% | ||||||||
Berkshire Hills Bancorp, Inc. | 139,231 | 3,600,514 | ||||||
Dime Community Bancshares, Inc. | 155,000 | 2,211,850 | ||||||
Oritani Financial Corp. | 63,000 | 974,610 | ||||||
Provident Financial Services, Inc. | 116,500 | 1,785,945 | ||||||
Provident New York Bancorp (B) | 282,100 | 2,550,184 | ||||||
TrustCo Bank Corp. (B) | 224,000 | 1,200,640 | ||||||
United Financial Bancorp, Inc. | 140,685 | 2,083,545 | ||||||
Washington Federal, Inc. | 201,000 | 3,451,170 | ||||||
Trading Companies & Distributors - 0.9% |
| |||||||
United Rentals, Inc. (A) (B) | 133,225 | 7,008,967 | ||||||
|
| |||||||
Total Common Stocks (cost $682,097,622) |
| 793,277,993 | ||||||
|
| |||||||
SECURITIES LENDING COLLATERAL - 8.2% |
| |||||||
State Street Navigator Securities Lending Trust - Prime Portfolio, 0.18% (C) | 67,001,683 | 67,001,683 | ||||||
|
| |||||||
Total Securities Lending Collateral (cost $67,001,683) |
| 67,001,683 | ||||||
|
|
Principal | Value | |||||||
REPURCHASE AGREEMENT - 2.7% | ||||||||
State Street Bank & Trust Co. | $ 21,932,342 | $ 21,932,342 | ||||||
|
| |||||||
Total Repurchase Agreement (cost $21,932,342) |
| 21,932,342 | ||||||
|
| |||||||
Total Investment Securities (cost $771,031,647) (D) |
| 882,212,018 | ||||||
Other Assets and Liabilities - Net | (70,078,437 | ) | ||||||
|
| |||||||
Net Assets | $ 812,133,581 | |||||||
|
|
NOTES TO SCHEDULE OF INVESTMENTS:
(A) | Non-income producing security. |
(B) | All or a portion of this security is on loan. The value of all securities on loan is $65,322,981. The amount of securities on loan indicated may not correspond with the securities on loan identified because securities with pending sales are in the process of recall from the brokers. |
(C) | Rate shown reflects the yield at April 30, 2013. |
(D) | Aggregate cost for federal income tax purposes is $771,031,647. Aggregate gross unrealized appreciation and depreciation for all securities in which there is an excess of value over tax cost were $128,952,669 and $17,772,298, respectively. Net unrealized appreciation for tax purposes is $111,180,371. |
DEFINITION:
ADR | American Depositary Receipt |
VALUATION SUMMARY: (E)
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
ASSETS | ||||||||||||||||
Investment Securities | ||||||||||||||||
Common Stocks | $ | 793,277,993 | $ | — | $ | — | $ | 793,277,993 | ||||||||
Securities Lending Collateral | 67,001,683 | — | — | 67,001,683 | ||||||||||||
Repurchase Agreement | — | 21,932,342 | — | 21,932,342 | ||||||||||||
Total Investment Securities | $ | 860,279,676 | $ | 21,932,342 | $ | — | $ | 882,212,018 | ||||||||
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
LIABILITIES | ||||||||||||||||
Other Liabilities (F) | ||||||||||||||||
Collateral for Securities on Loan | $ | — | $ | (67,001,683 | ) | $ | — | $ | (67,001,683 | ) | ||||||
Total Other Liabilities | $ | — | $ | (67,001,683 | ) | $ | — | $ | (67,001,683 | ) |
(E) | Transfers between levels are considered to have occurred at the end of the reporting period. There were no transfers between Levels 1 and 2 during the period ended April 30, 2013. See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
(F) | Certain assets and liabilities are held at carrying amount or face value, which approximates fair value for financial reporting purposes. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 97
Transamerica Tactical Allocation
SCHEDULE OF INVESTMENTS
At April 30, 2013
(unaudited)
Shares | Value | |||||||
INVESTMENT COMPANIES - 98.7% |
| |||||||
Capital Markets - 98.7% |
| |||||||
Guggenheim BulletShares 2015 High Yield Corporate Bond ETF | 30 | $ 815 | ||||||
Guggenheim BulletShares 2016 High Yield Corporate Bond ETF | 6,550 | 177,309 | ||||||
iShares Barclays TIPS Bond Fund | 650 | 79,398 | ||||||
iShares BofA Merrill Lynch Global ex-US Diversified Inflation-Linked Index | 1,670 | 85,588 | ||||||
iShares Floating Rate Note Fund | 2,020 | 102,333 | ||||||
iShares JPMorgan USD Emerging Markets Bond Fund (A) | 2,190 | 265,866 | ||||||
iShares MSCI All Country World Minimum Volatility Index Fund | 4,207 | 268,701 | ||||||
iShares MSCI EAFE Minimum Volatility Index Fund | 2,782 | 172,960 | ||||||
iShares MSCI Emerging Markets Minimum Volatility Index Fund | 13,490 | 844,069 | ||||||
iShares MSCI USA Minimum Volatility Index Fund | 12,180 | 410,101 | ||||||
PowerShares DB Agriculture Fund (B) | 2,640 | 69,221 | ||||||
PowerShares DB Commodity Index Tracking Fund (B) | 2,620 | 68,827 | ||||||
PowerShares DB Energy Fund (B) | 2,460 | 68,093 | ||||||
PowerShares DB Oil Fund (A) (B) | 2,670 | 68,886 | ||||||
PowerShares DB Precious Metals Fund (B) | 1,420 | 69,566 | ||||||
ProShares UltraShort 20+ Year Treasury | 1,510 | 90,192 | ||||||
ProShares VIX Mid-Term Futures ETF (B) | 5,650 | 138,708 | ||||||
SPDR Barclays Convertible Securities ETF | 3,450 | 148,385 | ||||||
SPDR Dow Jones International Real Estate ETF | 14,320 | 660,295 | ||||||
SPDR Nuveen Barclays Municipal Bond ETF (A) | 3,820 | 92,559 | ||||||
Vanguard Intermediate-Term Bond ETF | 8,452 | 749,861 |
Shares | Value | |||||||
Capital Markets (continued) |
| |||||||
Vanguard Long-Term Bond ETF | 3,998 | $ 378,810 | ||||||
Vanguard MSCI European ETF | 2,740 | 140,726 | ||||||
Vanguard MSCI Pacific ETF | 1,530 | 93,605 | ||||||
Vanguard S&P 500 ETF | 23,610 | 1,726,835 | ||||||
Vanguard Short-Term Bond ETF | 2,890 | 234,350 | ||||||
Vanguard Total Bond Market ETF | 11,690 | 984,064 | ||||||
|
| |||||||
Total Investment Companies (cost $7,889,808) |
| 8,190,123 | ||||||
|
| |||||||
SECURITIES LENDING COLLATERAL - 2.3% |
| |||||||
State Street Navigator Securities Lending Trust - Prime Portfolio, 0.18% (C) | 185,052 | 185,052 | ||||||
|
| |||||||
Total Securities Lending Collateral (cost $185,052) |
| 185,052 | ||||||
|
| |||||||
Principal | Value | |||||||
REPURCHASE AGREEMENT - 2.0% | ||||||||
State Street Bank & Trust Co. | $ 166,908 | 166,908 | ||||||
|
| |||||||
Total Repurchase Agreement (cost $166,908) |
| 166,908 | ||||||
|
| |||||||
Total Investment Securities (cost $8,241,768) (D) |
| 8,542,083 | ||||||
Other Assets and Liabilities - Net | (245,037 | ) | ||||||
|
| |||||||
Net Assets | $ 8,297,046 | |||||||
|
|
NOTES TO SCHEDULE OF INVESTMENTS:
(A) | All or a portion of this security is on loan. The value of all securities on loan is $180,956. The amount of securities on loan indicated may not correspond with the securities on loan identified because securities with pending sales are in the process of recall from the brokers. |
(B) | Non-income producing security. |
(C) | Rate shown reflects the yield at April 30, 2013. |
(D) | Aggregate cost for federal income tax purposes is $8,241,768. Aggregate gross unrealized appreciation and depreciation for all securities in which there is an excess of value over tax cost were $318,086 and $17,771, respectively. Net unrealized appreciation for tax purposes is $300,315. |
DEFINITIONS:
ETF | Exchange-Traded Fund | |
SPDR | Standard & Poor’s Depositary Receipt |
VALUATION SUMMARY: (E)
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
ASSETS | ||||||||||||||||
Investment Securities | ||||||||||||||||
Investment Companies | $ | 8,190,123 | $ | — | $ | — | $ | 8,190,123 | ||||||||
Securities Lending Collateral | 185,052 | — | — | 185,052 | ||||||||||||
Repurchase Agreement | — | 166,908 | — | 166,908 | ||||||||||||
Total Investment Securities | $ | 8,375,175 | $ | 166,908 | $ | — | $ | 8,542,083 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 98
Transamerica Tactical Allocation
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
VALUATION SUMMARY (continued): (E)
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
LIABILITIES | ||||||||||||||||
Other Liabilities (F) | ||||||||||||||||
Collateral for Securities on Loan | $ | — | $ | (185,052 | ) | $ | — | $ | (185,052 | ) | ||||||
Total Other Liabilities | $ | — | $ | (185,052 | ) | $ | — | $ | (185,052 | ) |
(E) | Transfers between levels are considered to have occurred at the end of the reporting period. There were no transfers between Levels 1 and 2 during the period ended April 30, 2013. See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
(F) | Certain assets and liabilities are held at carrying amount or face value, which approximates fair value for financial reporting purposes. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 99
Transamerica Tactical Income
SCHEDULE OF INVESTMENTS
At April 30, 2013
(unaudited)
Shares | Value | |||||||
INVESTMENT COMPANIES - 99.1% |
| |||||||
Capital Markets - 99.1% |
| |||||||
Guggenheim BulletShares 2015 High Yield Corporate Bond ETF | 83,903 | $ 2,279,477 | ||||||
Guggenheim BulletShares 2017 High Yield Corporate Bond ETF | 386,330 | 10,512,039 | ||||||
iShares Barclays 0-5 Year TIPS Bond Fund | 328,400 | 33,762,804 | ||||||
iShares Barclays 20+ Year Treasury Bond Fund (A) | 171,753 | 21,127,337 | ||||||
iShares Barclays 7-10 Year Treasury Bond Fund (A) | 204,180 | 22,220,909 | ||||||
iShares Barclays Short Treasury Bond Fund | 395,290 | 43,580,722 | ||||||
iShares Barclays TIPS Bond Fund | 26,610 | 3,250,411 | ||||||
iShares Floating Rate Note Fund | 305,060 | 15,454,340 | ||||||
iShares iBoxx $ High Yield Corporate Bond Fund (A) | 1,185,783 | 113,657,301 | ||||||
iShares iBoxx Investment Grade Corporate Bond Fund | 164,169 | 20,049,960 | ||||||
iShares JPMorgan USD Emerging Markets Bond Fund (A) | 587,014 | 71,263,500 | ||||||
iShares MSCI Emerging Markets Minimum Volatility Index Fund | 631,230 | 39,496,061 | ||||||
iShares MSCI USA Minimum Volatility Index Fund | 2,425,452 | 81,664,969 | ||||||
iShares S&P U.S. Preferred Stock Index Fund (A) | 1,588,568 | 64,765,917 | ||||||
ProShares UltraShort 20+ Year Treasury (B) | 131,739 | 7,868,770 | ||||||
ProShares VIX Mid-Term Futures ETF (B) | 383,597 | 9,417,306 | ||||||
SPDR Barclays Convertible Securities ETF | 979,110 | 42,111,521 | ||||||
SPDR Barclays High Yield Bond ETF (A) | 5,234,952 | 218,559,246 | ||||||
SPDR Barclays TIPS ETF | 70,863 | 4,320,517 | ||||||
SPDR Dow Jones International Real Estate ETF (A) | 1,032,001 | 47,585,566 | ||||||
SPDR Nuveen Barclays Municipal Bond ETF (A) | 932,716 | 22,599,709 | ||||||
SPDR S&P International Dividend ETF (A) | 968,511 | 48,551,456 |
Shares | Value | |||||||
Capital Markets (continued) |
| |||||||
SPDR Wells Fargo Preferred Stock ETF (A) | 579,435 | $ 26,717,748 | ||||||
Vanguard Intermediate-Term Bond ETF (A) | 487,568 | 43,257,033 | ||||||
Vanguard Long-Term Bond ETF (A) | 314,228 | 29,773,103 | ||||||
Vanguard REIT ETF | 187,084 | 14,083,684 | ||||||
Vanguard S&P 500 ETF (A) | 608,930 | 44,537,140 | ||||||
Vanguard Short-Term Bond ETF (A) | 620,900 | 50,348,781 | ||||||
|
| |||||||
Total Investment Companies (cost $1,128,957,439) |
| 1,152,817,327 | ||||||
|
| |||||||
SECURITIES LENDING COLLATERAL - 20.5% |
| |||||||
State Street Navigator Securities Lending Trust - Prime Portfolio, 0.18% (C) | 238,594,039 | 238,594,039 | ||||||
|
| |||||||
Total Securities Lending Collateral (cost $238,594,039) |
| 238,594,039 | ||||||
|
| |||||||
Principal | Value | |||||||
REPURCHASE AGREEMENT - 0.5% | ||||||||
State Street Bank & Trust Co. 0.03% (C), dated 04/30/2013, to be repurchased at $5,439,785 on 05/01/2013. Collateralized by a U.S. Government Agency Obligation, 2.50%, due 11/01/2027, and with a value of $5,552,860. | $ 5,439,781 | 5,439,781 | ||||||
|
| |||||||
Total Repurchase Agreement (cost $5,439,781) |
| 5,439,781 | ||||||
|
| |||||||
Total Investment Securities (cost $1,372,991,259) (D) |
| 1,396,851,147 | ||||||
Other Assets and Liabilities - Net | (234,209,643 | ) | ||||||
|
| |||||||
Net Assets | $ 1,162,641,504 | |||||||
|
|
NOTES TO SCHEDULE OF INVESTMENTS:
(A) | All or a portion of this security is on loan. The value of all securities on loan is $233,359,455. The amount of securities on loan indicated may not correspond with the securities on loan identified because securities with pending sales are in the process of recall from the brokers. |
(B) | Non-income producing security. |
(C) | Rate shown reflects the yield at April 30, 2013. |
(D) | Aggregate cost for federal income tax purposes is $1,372,991,259. Aggregate gross unrealized appreciation and depreciation for all securities in which there is an excess of value over tax cost were $28,509,210 and $4,649,322, respectively. Net unrealized appreciation for tax purposes is $23,859,888. |
DEFINITIONS:
ETF | Exchange-Traded Fund | |
SPDR | Standard & Poor’s Depositary Receipt |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 100
Transamerica Tactical Income
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
VALUATION SUMMARY: (E)
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
ASSETS | ||||||||||||||||
Investment Securities | ||||||||||||||||
Investment Companies | $ | 1,152,817,327 | $ | — | $ | — | $ | 1,152,817,327 | ||||||||
Securities Lending Collateral | 238,594,039 | — | — | 238,594,039 | ||||||||||||
Repurchase Agreement | — | 5,439,781 | — | 5,439,781 | ||||||||||||
Total Investment Securities | $ | 1,391,411,366 | $ | 5,439,781 | $ | — | $ | 1,396,851,147 | ||||||||
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
LIABILITIES | ||||||||||||||||
Other Liabilities (F) | ||||||||||||||||
Collateral for Securities on Loan | $ | — | $ | (238,594,039 | ) | $ | — | $ | (238,594,039 | ) | ||||||
Total Other Liabilities | $ | — | $ | (238,594,039 | ) | $ | — | $ | (238,594,039 | ) |
(E) | Transfers between levels are considered to have occurred at the end of the reporting period. There were no transfers between Levels 1 and 2 during the period ended April 30, 2013. See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
(F) | Certain assets and liabilities are held at carrying amount or face value, which approximates fair value for financial reporting purposes. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 101
Transamerica Tactical Rotation
SCHEDULE OF INVESTMENTS
At April 30, 2013
(unaudited)
Shares | Value | |||||||
INVESTMENT COMPANIES - 96.1% | ||||||||
Capital Markets - 96.1% | ||||||||
Consumer Discretionary Select Sector SPDR Fund (A) | 3,350 | $ 182,943 | ||||||
Consumer Staples Select Sector SPDR Fund (A) | 4,450 | 182,183 | ||||||
Energy Select Sector SPDR Fund (A) | 2,630 | 205,850 | ||||||
Health Care Select Sector SPDR Fund (A) | 4,130 | 195,473 | ||||||
Industrial Select Sector SPDR Fund (A) | 4,070 | 168,702 | ||||||
iShares Barclays 0-5 Year TIPS Bond Fund | 1,360 | 139,822 | ||||||
iShares Barclays Short Treasury Bond Fund | 1,370 | 151,043 | ||||||
iShares Floating Rate Note Fund | 2,880 | 145,901 | ||||||
iShares MSCI Australia Index Fund (A) | 4,180 | 117,458 | ||||||
iShares MSCI Brazil Index Fund (A) | 1,600 | 88,240 | ||||||
iShares MSCI EAFE Minimum Volatility Index Fund | 3,480 | 216,355 | ||||||
iShares MSCI Germany Index Fund (A) | 4,530 | 115,379 | ||||||
iShares MSCI Japan Index Fund (A) | 17,310 | 202,527 | ||||||
iShares MSCI South Africa Index Fund (A) | 400 | 25,680 | ||||||
iShares MSCI South Korea Index Fund (A) | 1,260 | 73,609 | ||||||
iShares MSCI Turkey Index Fund | 290 | 21,231 | ||||||
iShares MSCI U.K. Index Fund | 11,370 | 213,642 | ||||||
iShares MSCI USA Minimum Volatility Index Fund | 6,550 | 220,538 | ||||||
iShares S&P India Nifty 50 Index Fund | 820 | 20,894 | ||||||
Market Vectors Russia ETF (A) | 4,320 | 115,517 | ||||||
Materials Select Sector SPDR Fund (A) | 2,770 | 109,554 | ||||||
SPDR S&P China ETF | 520 | 36,998 |
Shares | Value | |||||||
Capital Markets (continued) | ||||||||
SPDR S&P Regional Banking ETF (A) | 7,050 | $ 218,902 | ||||||
Technology Select Sector SPDR Fund (A) | 22,700 | 699,386 | ||||||
Utilities Select Sector SPDR Fund (A) | 1,480 | 61,316 | ||||||
Vanguard Short-Term Bond ETF | 1,660 | 134,609 | ||||||
|
| |||||||
Total Investment Companies (cost $3,882,715) |
| 4,063,752 | ||||||
|
| |||||||
SECURITIES LENDING COLLATERAL - 24.8% |
| |||||||
State Street Navigator Securities Lending Trust - Prime Portfolio, 0.18% (B) | 1,047,580 | 1,047,580 | ||||||
|
| |||||||
Total Securities Lending Collateral (cost $1,047,580) |
| 1,047,580 | ||||||
|
| |||||||
Principal | Value | |||||||
REPURCHASE AGREEMENT - 5.5% | ||||||||
State Street Bank & Trust Co. | $ 233,778 | 233,778 | ||||||
|
| |||||||
Total Repurchase Agreement (cost $233,778) |
| 233,778 | ||||||
|
| |||||||
Total Investment Securities (cost $5,164,073) (C) |
| 5,345,110 | ||||||
Other Assets and Liabilities - Net | (1,117,457 | ) | ||||||
|
| |||||||
Net Assets | $ 4,227,653 | |||||||
|
|
NOTES TO SCHEDULE OF INVESTMENTS:
(A) | All or a portion of this security is on loan. The value of all securities on loan is $1,023,042. The amount of securities on loan indicated may not correspond with the securities on loan identified because securities with pending sales are in the process of recall from the brokers. |
(B) | Rate shown reflects the yield at April 30, 2013. |
(C) | Aggregate cost for federal income tax purposes is $5,164,073. Aggregate gross unrealized appreciation and depreciation for all securities in which there is an excess of value over tax cost were $182,064 and $1,027, respectively. Net unrealized appreciation for tax purposes is $181,037. |
DEFINITIONS:
ETF | Exchange-Traded Fund | |
SPDR | Standard & Poor’s Depositary Receipt |
VALUATION SUMMARY: (D)
Level 1 Quoted Prices | Level 2 Other Observable | Level 3 Significant Unobservable | Value at April 30, 2013 | |||||||||||||
ASSETS | ||||||||||||||||
Investment Securities | ||||||||||||||||
Investment Companies | $ | 4,063,752 | $ | — | $ | — | $ | 4,063,752 | ||||||||
Securities Lending Collateral | 1,047,580 | — | — | 1,047,580 | ||||||||||||
Repurchase Agreement | — | 233,778 | — | 233,778 | ||||||||||||
Total Investment Securities | $ | 5,111,332 | $ | 233,778 | $ | — | $ | 5,345,110 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 102
Transamerica Tactical Rotation
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
VALUATION SUMMARY (continued): (D)
Level 1 Quoted Prices | Level 2 Other Observable | Level 3 Significant Unobservable | Value at April 30, 2013 | |||||||||||||
LIABILITIES | ||||||||||||||||
Other Liabilities (E) | ||||||||||||||||
Collateral for Securities on Loan | $ | — | $ | (1,047,580 | ) | $ | — | $ | (1,047,580 | ) | ||||||
Total Other Liabilities | $ | — | $ | (1,047,580 | ) | $ | — | $ | (1,047,580 | ) |
(D) | Transfers between levels are considered to have occurred at the end of the reporting period. There were no transfers between Levels 1 and 2 during the period ended April 30, 2013. See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
(E) | Certain assets and liabilities are held at carrying amount or face value, which approximates fair value for financial reporting purposes. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 103
STATEMENTS OF ASSETS AND LIABILITIES
At April 30, 2013
(unaudited)
Transamerica Growth | Transamerica Diversified Equity | Transamerica Dividend Focused | Transamerica Markets Debt | Transamerica Emerging Markets Equity | ||||||||||||||||
Assets: | ||||||||||||||||||||
Investment securities, at value | $ | 714,024,273 | $ | 1,564,725,058 | $ | 1,054,266,908 | $ | 941,493,080 | $ | 233,492,518 | ||||||||||
Repurchase agreements, at value | 33,578,383 | 14,926,402 | 64,060,304 | 16,282,989 | 3,488,922 | |||||||||||||||
Foreign currency, at value | — | — | — | 706,868 | 2,066,659 | |||||||||||||||
Unrealized appreciation on forward foreign currency contracts | — | — | — | 120,513 | — | |||||||||||||||
Receivables: | ||||||||||||||||||||
Shares of beneficial interest sold | 62,294 | 44,655 | 5,286 | 3,103,409 | 719 | |||||||||||||||
Investment securities sold | 3,814,579 | 20,823,632 | — | 45,712,016 | — | |||||||||||||||
Interest | 28 | 12 | 54 | 11,885,824 | 3 | |||||||||||||||
Dividends | 587,034 | 1,075,383 | 1,410,453 | 281 | 617,630 | |||||||||||||||
Dividend reclaims | 161,394 | 542,397 | — | 188 | 769 | |||||||||||||||
Securities lending income (net) | 230,682 | 66,424 | 8,344 | 16,029 | 6,262 | |||||||||||||||
Prepaid expenses | 3,233 | 6,526 | 2,929 | 1,996 | 594 | |||||||||||||||
Total assets | 752,461,900 | 1,602,210,489 | 1,119,754,278 | 1,019,323,193 | 239,674,076 | |||||||||||||||
Liabilities: | ||||||||||||||||||||
Accounts payable and accrued liabilities: | ||||||||||||||||||||
Shares of beneficial interest redeemed | 925,292 | 1,077,217 | 71,870 | 364,315 | 8,739 | |||||||||||||||
Investment securities purchased | 1,059,110 | 6,242,337 | — | 47,788,752 | 59,651 | |||||||||||||||
Management and advisory fees | 547,527 | 980,770 | 568,397 | 459,519 | 187,489 | |||||||||||||||
Distribution and service fees | 40,983 | 178,287 | 374 | 63,369 | 422 | |||||||||||||||
Transfer agent fees | 44,067 | 252,436 | 6,667 | 22,305 | 1,604 | |||||||||||||||
Trustees fees | 1,802 | 3,778 | 2,278 | 1,184 | 101 | |||||||||||||||
Administration fees | 17,025 | 34,316 | 21,988 | 19,495 | 4,934 | |||||||||||||||
Capital gains tax | — | — | — | 26,944 | 319,026 | |||||||||||||||
Other | 48,261 | 117,523 | 52,282 | 56,642 | 55,356 | |||||||||||||||
Collateral for securities on loan | 74,750,237 | 65,902,079 | 106,819,320 | 88,955,404 | 14,977,908 | |||||||||||||||
Unrealized depreciation on forward foreign currency contracts | — | — | — | 407,472 | — | |||||||||||||||
Total liabilities | 77,434,304 | 74,788,743 | 107,543,176 | 138,165,401 | 15,615,230 | |||||||||||||||
Net assets | $ | 675,027,596 | $ | 1,527,421,746 | $ | 1,012,211,102 | $ | 881,157,792 | $ | 224,058,846 | ||||||||||
Net assets consist of: | ||||||||||||||||||||
Shares of beneficial interest, unlimited shares authorized, no par value | $ | 562,339,699 | $ | 1,514,140,275 | $ | 923,507,740 | $ | 837,377,282 | $ | 216,599,957 | ||||||||||
Undistributed net investment income | 583,505 | 14,319,803 | 1,443,142 | 2,487,186 | 371,129 | |||||||||||||||
Undistributed (accumulated) net realized gain (loss) from investment securities and foreign currency transactions | (8,153,758 | ) | (334,637,510 | ) | 2,411,759 | 17,891,802 | (3,822,416 | ) | ||||||||||||
Net unrealized appreciation (depreciation) on: | ||||||||||||||||||||
Investment securities | 120,240,247 | 333,472,382 | 84,848,461 | 23,779,623 | 10,886,564 | |||||||||||||||
Translation of assets and liabilities denominated in foreign currencies | 17,903 | 126,796 | — | (378,101 | ) | 23,612 | ||||||||||||||
Net assets | $ | 675,027,596 | $ | 1,527,421,746 | $ | 1,012,211,102 | $ | 881,157,792 | $ | 224,058,846 | ||||||||||
Net assets by class: | ||||||||||||||||||||
Class A | $ | 68,598,504 | $ | 447,872,782 | $ | 308,673 | $ | 143,560,555 | $ | 450,537 | ||||||||||
Class B | 5,512,891 | 20,204,459 | — | — | — | |||||||||||||||
Class C | 20,090,286 | 44,027,105 | 346,807 | 30,601,808 | 346,235 | |||||||||||||||
Class I | 82,757,512 | 285,656,647 | 1,253,615 | 118,712,081 | 625,345 | |||||||||||||||
Class I2 | 498,068,403 | 641,937,209 | 1,010,302,007 | 588,283,348 | 222,636,729 | |||||||||||||||
Class T | — | 87,723,544 | — | — | — | |||||||||||||||
Shares outstanding: | ||||||||||||||||||||
Class A | 4,019,884 | 29,667,643 | 28,071 | 12,252,218 | 44,087 | |||||||||||||||
Class B | 356,850 | 1,359,625 | — | — | — | |||||||||||||||
Class C | 1,299,644 | 2,968,754 | 31,558 | 2,619,145 | 34,010 | |||||||||||||||
Class I | 4,776,287 | 18,620,602 | 113,972 | 10,107,224 | 61,092 | |||||||||||||||
Class I2 | 42,102,954 | 41,849,649 | 91,845,482 | 50,089,679 | 21,744,700 | |||||||||||||||
Class T | — | 2,710,152 | — | — | — | |||||||||||||||
Net asset value per share: | ||||||||||||||||||||
Class A | $ | 17.06 | $ | 15.10 | $ | 11.00 | $ | 11.72 | $ | 10.22 | ||||||||||
Class B | 15.45 | 14.86 | — | — | — | |||||||||||||||
Class C | 15.46 | 14.83 | 10.99 | 11.68 | 10.18 | |||||||||||||||
Class I | 17.33 | 15.34 | 11.00 | 11.75 | 10.24 | |||||||||||||||
Class I2 | 11.83 | 15.34 | 11.00 | 11.74 | 10.24 | |||||||||||||||
Class T | — | 32.37 | — | — | — | |||||||||||||||
Maximum offering price per share: (A) | ||||||||||||||||||||
Class A | $ | 18.05 | $ | 15.98 | $ | 11.64 | $ | 12.30 | $ | 10.81 | ||||||||||
Class T | $ | — | $ | 35.38 | $ | — | $ | — | $ | — | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Investment securities, at cost | $ | 593,784,026 | $ | 1,231,252,676 | $ | 969,418,447 | $ | 917,686,513 | $ | 222,287,026 | ||||||||||
Repurchase agreement, at cost | $ | 33,578,383 | $ | 14,926,402 | $ | 64,060,304 | $ | 16,282,989 | $ | 3,488,922 | ||||||||||
Foreign currency, at cost | $ | — | $ | — | $ | — | $ | 709,405 | $ | 2,042,632 | ||||||||||
Securities loaned, at value: | $ | 73,158,875 | $ | 64,401,111 | $ | 104,539,078 | $ | 87,120,852 | $ | 14,531,520 |
(A) | 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 2013 |
Page 104
STATEMENTS OF ASSETS AND LIABILITIES (continued)
At April 30, 2013
(unaudited)
Transamerica Enhanced Muni | Transamerica Flexible Income | Transamerica Growth Opportunities | Transamerica High Yield Bond | Transamerica Income & Growth | ||||||||||||||||
Assets: | ||||||||||||||||||||
Investment securities, at value | $ | 12,782,746 | $ | 332,574,746 | $ | 729,759,269 | $ | 861,048,312 | $ | 458,627,236 | ||||||||||
Repurchase agreements, at value | — | 18,038,515 | 40,812,580 | 3,142,539 | 23,992,143 | |||||||||||||||
Cash | — | — | — | 109,810 | — | |||||||||||||||
Foreign currency, at value | — | — | — | — | 43,493 | |||||||||||||||
Receivables: | ||||||||||||||||||||
Shares of beneficial interest sold | 320,586 | 2,139,195 | 104,048 | 38,762,032 | 1,467,123 | |||||||||||||||
Due from Advisor | 49,540 | — | — | — | — | |||||||||||||||
Investment securities sold | 108,117 | — | 5,815,583 | 677,860 | 4,328 | |||||||||||||||
Interest | 176,956 | 3,851,970 | 34 | 12,005,880 | 20 | |||||||||||||||
Dividends | — | 66,212 | — | 183,393 | 1,382,809 | |||||||||||||||
Dividend reclaims | — | — | 67,322 | — | 158,232 | |||||||||||||||
Securities lending income (net) | — | 10,027 | 284,083 | 23,007 | 147,219 | |||||||||||||||
12b-1 waiver | 727 | 3,897 | — | — | — | |||||||||||||||
Prepaid expenses | 40 | 938 | 2,573 | 2,758 | 1,033 | |||||||||||||||
Total assets | 13,438,712 | 356,685,500 | 776,845,492 | 915,955,591 | 485,823,636 | |||||||||||||||
Liabilities: | ||||||||||||||||||||
Due to custodian | 456,409 | — | — | — | — | |||||||||||||||
Accounts payable and accrued liabilities: | ||||||||||||||||||||
Shares of beneficial interest redeemed | — | 700,279 | 1,008,109 | 1,007,811 | 19,590 | |||||||||||||||
Investment securities purchased | 16,733 | 8,084,841 | 1,401,586 | 30,381,763 | 19,748,129 | |||||||||||||||
When-issued securities purchased | — | 1,500,000 | — | — | — | |||||||||||||||
Management and advisory fees | — | 124,759 | 433,726 | 376,686 | 212,791 | |||||||||||||||
Distribution and service fees | 1,966 | 112,260 | 41,440 | 168,027 | 8,192 | |||||||||||||||
Transfer agent fees | 702 | 14,854 | 62,844 | 22,057 | 3,578 | |||||||||||||||
Trustees fees | 9 | 804 | 1,465 | 1,671 | 208 | |||||||||||||||
Administration fees | 292 | 6,674 | 14,280 | 16,142 | 7,951 | |||||||||||||||
Other | 13,146 | 34,392 | 31,791 | 55,295 | 20,213 | |||||||||||||||
Collateral for securities on loan | — | 33,724,272 | 110,425,615 | 117,124,875 | 59,847,200 | |||||||||||||||
Total liabilities | 489,257 | 44,303,135 | 113,420,856 | 149,154,327 | 79,867,852 | |||||||||||||||
Net assets | $ | 12,949,455 | $ | 312,382,365 | $ | 663,424,636 | $ | 766,801,264 | $ | 405,955,784 | ||||||||||
Net assets consist of: | ||||||||||||||||||||
Shares of beneficial interest, unlimited shares authorized, no par value | $ | 12,647,503 | $ | 362,599,569 | $ | 562,849,547 | $ | 718,493,852 | $ | 379,893,707 | ||||||||||
Undistributed (accumulated) net investment income (loss) | (1,789 | ) | 167,209 | (193,301 | ) | (5,985 | ) | 2,632,312 | ||||||||||||
Undistributed (accumulated) net realized gain (loss) from investment securities and foreign currency transactions | 53,060 | (78,022,264 | ) | (5,484,320 | ) | 7,690,159 | 149,822 | |||||||||||||
Net unrealized appreciation (depreciation) on: | ||||||||||||||||||||
Investment securities | 250,681 | 27,634,170 | 106,255,122 | 40,623,238 | 23,284,714 | |||||||||||||||
Translation of assets and liabilities denominated in foreign currencies | — | 3,681 | (2,412 | ) | — | (4,771 | ) | |||||||||||||
Net assets | $ | 12,949,455 | $ | 312,382,365 | $ | 663,424,636 | $ | 766,801,264 | $ | 405,955,784 | ||||||||||
Net assets by class: | ||||||||||||||||||||
Class A | $ | 3,484,073 | $ | 94,711,056 | $ | 99,120,164 | $ | 344,082,189 | $ | 6,707,114 | ||||||||||
Class B | — | 6,355,632 | 5,643,153 | 9,698,135 | — | |||||||||||||||
Class C | 1,150,314 | 92,025,736 | 11,663,486 | 90,162,434 | 8,863,653 | |||||||||||||||
Class I | 8,315,068 | 61,082,693 | 76,688,347 | 111,184,202 | 20,079,721 | |||||||||||||||
Class I2 | — | 58,207,248 | 470,309,486 | 211,674,304 | 370,305,296 | |||||||||||||||
Shares outstanding: | ||||||||||||||||||||
Class A | 328,241 | 9,860,144 | 10,489,831 | 34,426,696 | 603,319 | |||||||||||||||
Class B | — | 661,604 | 677,033 | 969,921 | — | |||||||||||||||
Class C | 108,472 | 9,640,005 | 1,390,992 | 9,054,113 | 799,095 | |||||||||||||||
Class I | 780,242 | 6,352,529 | 7,708,695 | 11,053,082 | 1,804,154 | |||||||||||||||
Class I2 | — | 6,049,156 | 46,945,325 | 21,003,660 | 33,271,274 | |||||||||||||||
Net asset value per share: | ||||||||||||||||||||
Class A | $ | 10.61 | $ | 9.61 | $ | 9.45 | $ | 9.99 | $ | 11.12 | ||||||||||
Class B | — | 9.61 | 8.34 | 10.00 | — | |||||||||||||||
Class C | 10.60 | 9.55 | 8.39 | 9.96 | 11.09 | |||||||||||||||
Class I | 10.66 | 9.62 | 9.95 | 10.06 | 11.13 | |||||||||||||||
Class I2 | — | 9.62 | 10.02 | 10.08 | 11.13 | |||||||||||||||
Maximum offering price per share: (A) | ||||||||||||||||||||
Class A | $ | 10.97 | $ | 10.09 | $ | 10.00 | $ | 10.49 | $ | 11.77 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Investment securities, at cost | $ | 12,532,065 | $ | 304,940,576 | $ | 623,504,147 | $ | 820,425,074 | $ | 435,342,522 | ||||||||||
Repurchase agreement, at cost | $ | — | $ | 18,038,515 | $ | 40,812,580 | $ | 3,142,539 | $ | 23,992,143 | ||||||||||
Foreign currency, at cost | $ | — | $ | — | $ | — | $ | — | $ | 43,263 | ||||||||||
Securities loaned, at value: | $ | — | $ | 33,030,179 | $ | 107,635,055 | $ | 114,716,942 | $ | 58,079,348 |
(A) | 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 2013 |
Page 105
STATEMENTS OF ASSETS AND LIABILITIES (continued)
At April 30, 2013
(unaudited)
Transamerica International Bond | Transamerica International Equity | Transamerica International Small Cap Value | Transamerica Large Cap Growth | Transamerica Large Cap Value | ||||||||||||||||
Assets: | ||||||||||||||||||||
Investment securities, at value | $ | 174,309,262 | $ | 417,467,601 | $ | 164,209,755 | $ | 241,727,352 | $ | 1,685,344,563 | ||||||||||
Repurchase agreements, at value | 487,004 | 9,356,271 | 2,940,545 | 587,215 | 27,697,396 | |||||||||||||||
Cash on deposit with broker | 838,113 | — | — | — | — | |||||||||||||||
Foreign currency, at value | 3,993,235 | 1,338,698 | 45,522 | — | — | |||||||||||||||
Unrealized appreciation on forward foreign currency contracts | 490,388 | — | — | — | — | |||||||||||||||
Receivables: | ||||||||||||||||||||
Shares of beneficial interest sold | 278 | 1,047,007 | — | 20,107 | 139,340 | |||||||||||||||
Investment securities sold | 1,246,179 | — | — | 1,818 | — | |||||||||||||||
Interest | 1,834,918 | 8 | 2 | — | 23 | |||||||||||||||
Dividends | — | 1,603,170 | 713,034 | 165,619 | 991,441 | |||||||||||||||
Dividend reclaims | — | 206,579 | 28,247 | 3,478 | 45,454 | |||||||||||||||
Securities lending income (net) | 362 | 14,119 | 21,612 | 9,553 | 20,007 | |||||||||||||||
Variation margin | 40,144 | — | — | — | — | |||||||||||||||
Other | 28,741 | — | — | — | — | |||||||||||||||
Prepaid expenses | 632 | 1,211 | 506 | 517 | 7,417 | |||||||||||||||
Total assets | 183,269,256 | 431,034,664 | 167,959,223 | 242,515,659 | 1,714,245,641 | |||||||||||||||
Liabilities: | ||||||||||||||||||||
Accounts payable and accrued liabilities: | ||||||||||||||||||||
Shares of beneficial interest redeemed | 72,160 | 48,314 | — | — | 71,901 | |||||||||||||||
Investment securities purchased | 1,838,813 | 4,528,162 | 89 | — | 16,460,805 | |||||||||||||||
Management and advisory fees | 84,766 | 275,649 | 117,059 | 125,705 | 914,049 | |||||||||||||||
Distribution and service fees | 281 | 10,672 | — | 960 | 3,354 | |||||||||||||||
Transfer agent fees | 1,256 | 11,204 | 1,123 | 1,490 | 12,413 | |||||||||||||||
Trustees fees | 512 | 417 | 49 | 274 | 2,989 | |||||||||||||||
Administration fees | 3,947 | 8,794 | 3,457 | 4,653 | 36,484 | |||||||||||||||
Capital gains tax | — | 119,787 | — | — | — | |||||||||||||||
Other | 45,802 | 30,212 | 25,914 | 38,876 | 47,124 | |||||||||||||||
Collateral for securities on loan | 2,959,114 | 19,889,908 | 8,366,353 | 34,385,443 | 35,840,776 | |||||||||||||||
Unrealized depreciation on forward foreign currency contracts | 1,949,298 | — | — | — | — | |||||||||||||||
Total liabilities | 6,955,949 | 24,923,119 | 8,514,044 | 34,557,401 | 53,389,895 | |||||||||||||||
Net assets | $ | 176,313,307 | $ | 406,111,545 | $ | 159,445,179 | $ | 207,958,258 | $ | 1,660,855,746 | ||||||||||
Net assets consist of: | ||||||||||||||||||||
Shares of beneficial interest, unlimited shares authorized, no par value | $ | 186,572,341 | $ | 350,889,058 | $ | 148,596,654 | $ | 191,961,323 | $ | 1,360,518,843 | ||||||||||
Undistributed (accumulated) net investment income (loss) | (3,586,180 | ) | 2,305,091 | 1,316,956 | 404,886 | 925,736 | ||||||||||||||
Undistributed (accumulated) net realized gain (loss) from investment securities, futures and foreign currency transactions | (9,377,319 | ) | 1,317,805 | 692,626 | (2,302,611 | ) | 90,406,297 | |||||||||||||
Net unrealized appreciation (depreciation) on: | ||||||||||||||||||||
Investment securities | 4,264,266 | 51,599,944 | 8,843,600 | 17,894,660 | 209,004,870 | |||||||||||||||
Futures contracts | (147,244 | ) | — | — | — | — | ||||||||||||||
Translation of assets and liabilities denominated in foreign currencies | (1,412,557 | ) | (353 | ) | (4,657 | ) | — | — | ||||||||||||
Net assets | $ | 176,313,307 | $ | 406,111,545 | $ | 159,445,179 | $ | 207,958,258 | $ | 1,660,855,746 | ||||||||||
Net assets by class: | ||||||||||||||||||||
Class A | $ | 361,598 | $ | 7,710,658 | $ | $ | 591,670 | $ | 3,773,614 | |||||||||||
Class C | 239,875 | 10,302,369 | — | 394,212 | 2,255,007 | |||||||||||||||
Class I | 97,866 | 125,428,115 | 1,464,485 | 309,113 | 4,491,915 | |||||||||||||||
Class I2 | 175,613,968 | 262,670,403 | 157,980,694 | 206,663,263 | 1,650,335,210 | |||||||||||||||
Shares outstanding: | ||||||||||||||||||||
Class A | 36,573 | 467,130 | — | 54,569 | 292,260 | |||||||||||||||
Class C | 24,361 | 630,100 | — | 36,510 | 174,917 | |||||||||||||||
Class I | 9,886 | 7,551,031 | 133,464 | 28,442 | 346,923 | |||||||||||||||
Class I2 | 17,734,829 | 15,816,316 | 14,397,047 | 18,994,655 | 127,525,353 | |||||||||||||||
Net asset value per share: | ||||||||||||||||||||
Class A | $ | 9.89 | $ | 16.51 | $ | $ | 10.84 | $ | 12.91 | |||||||||||
Class C | 9.85 | 16.35 | — | 10.80 | 12.89 | |||||||||||||||
Class I | 9.90 | 16.61 | 10.97 | 10.87 | 12.95 | |||||||||||||||
Class I2 | 9.90 | 16.61 | 10.97 | 10.88 | 12.94 | |||||||||||||||
Maximum offering price per share: (A) | ||||||||||||||||||||
Class A | $ | 10.38 | $ | 17.47 | $ | — | $ | 11.47 | $ | 13.66 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Investment securities, at cost | $ | 170,044,996 | $ | 365,747,870 | $ | 155,366,155 | $ | 223,832,692 | $ | 1,476,339,693 | ||||||||||
Repurchase agreement, at cost | $ | 487,004 | $ | 9,356,271 | $ | 2,940,545 | $ | 587,215 | $ | 27,697,396 | ||||||||||
Foreign currency, at cost | $ | 3,961,553 | $ | 1,328,252 | $ | 45,281 | $ | — | $ | — | ||||||||||
Securities loaned, at value: | $ | 2,899,387 | $ | 18,904,970 | $ | 7,962,391 | $ | 33,649,871 | $ | 34,781,393 |
(A) | 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 2013 |
Page 106
STATEMENTS OF ASSETS AND LIABILITIES (continued)
At April 30, 2013
(unaudited)
Transamerica MLP & Energy Income | Transamerica Money Market | Transamerica Multi-Managed Balanced | Transamerica Short-Term Bond | Transamerica Small Cap Growth | ||||||||||||||||
Assets: | ||||||||||||||||||||
Investment securities, at value | $ | — | $ | 312,179,987 | $ | 437,835,766 | $ | 3,729,477,224 | $ | 525,682,854 | ||||||||||
Repurchase agreements, at value | — | 118,089,564 | 4,801,155 | 118,114,426 | 34,256,738 | |||||||||||||||
Foreign currency, at value | — | — | 13,643 | — | — | |||||||||||||||
Receivables: | ||||||||||||||||||||
Shares of beneficial interest sold | 30,750,013 | 897,975 | 572,690 | 13,935,641 | 21,250 | |||||||||||||||
Investment securities sold | — | — | 62,846,633 | 23,336,716 | 6,317,918 | |||||||||||||||
Interest | — | 127,012 | 1,006,579 | 37,239,336 | 29 | |||||||||||||||
Dividends | — | — | 177,650 | — | 20,481 | |||||||||||||||
Dividend reclaims | — | — | 828 | — | — | |||||||||||||||
Securities lending income (net) | — | — | 3,065 | 14,103 | 114,729 | |||||||||||||||
Variation margin | — | — | 7,923 | — | — | |||||||||||||||
12b-1 waiver | — | 81,483 | — | 38,125 | — | |||||||||||||||
Prepaid expenses | — | 821 | 1,348 | 12,174 | 1,208 | |||||||||||||||
Total assets | 30,750,013 | 431,376,842 | 507,267,280 | 3,922,167,745 | 566,415,207 | |||||||||||||||
Liabilities: | ||||||||||||||||||||
Shares of beneficial interest redeemed | — | 427,722 | 532,958 | 19,850,316 | 10,376 | |||||||||||||||
Investment securities purchased | — | — | 71,570,283 | 13,045,956 | 22,118,773 | |||||||||||||||
When-issued securities purchased | — | — | 704,877 | — | — | |||||||||||||||
Management and advisory fees | — | 5,010 | 267,170 | 1,600,170 | 321,715 | |||||||||||||||
Distribution and service fees | — | 151,760 | 112,957 | 1,023,749 | 339 | |||||||||||||||
Distributions to shareholders | — | 412 | — | 1,114,759 | — | |||||||||||||||
Interest from TBA short commitments | — | — | 21,238 | — | — | |||||||||||||||
Transfer agent fees | — | 57,792 | 45,075 | 86,969 | 2,778 | |||||||||||||||
Trustees fees | — | 424 | 886 | 7,425 | 178 | |||||||||||||||
Administration fees | — | 9,856 | 8,906 | 86,387 | 9,175 | |||||||||||||||
Other | — | 32,733 | 41,411 | 108,380 | 16,816 | |||||||||||||||
Collateral for securities on loan | — | — | 19,024,926 | 96,347,115 | 103,636,963 | |||||||||||||||
Written options and swaptions, at value | — | — | 3,000 | — | — | |||||||||||||||
TBA short commitments, at value | — | — | 15,143,513 | — | — | |||||||||||||||
Unrealized depreciation on forward foreign currency contracts | — | — | 15,495 | — | — | |||||||||||||||
Total liabilities | — | 685,709 | 107,492,695 | 133,271,226 | 126,117,113 | |||||||||||||||
Net assets | $ | 30,750,013 | $ | 430,691,133 | $ | 399,774,585 | $ | 3,788,896,519 | $ | 440,298,094 | ||||||||||
Net assets consist of: | ||||||||||||||||||||
Shares of beneficial interest, unlimited shares authorized, no par value | $ | 30,750,013 | $ | 430,691,447 | $ | 342,237,380 | $ | 3,699,268,438 | $ | 421,396,193 | ||||||||||
Undistributed (accumulated) net investment income (loss) | — | (314 | ) | 27,038 | (3,699,105 | ) | (400,820 | ) | ||||||||||||
Undistributed (accumulated) net realized gain (loss) from investment securities, futures, written option contracts and foreign currency transactions | — | — | 6,259,034 | 16,348,971 | (16,315,651 | ) | ||||||||||||||
Net unrealized appreciation (depreciation) on: | ||||||||||||||||||||
Investment securities | — | — | 50,955,050 | 76,973,771 | 35,618,372 | |||||||||||||||
Futures contracts | — | — | 360,136 | — | — | |||||||||||||||
Options written | — | — | 11,911 | — | — | |||||||||||||||
Translation of assets and liabilities denominated in foreign currencies | — | — | (15,057 | ) | 4,444 | — | ||||||||||||||
Net unrealized appreciation (depreciation) on TBA short commitments | — | — | (60,907 | ) | — | — | ||||||||||||||
Net assets | $ | 30,750,013 | $ | 430,691,133 | $ | 399,774,585 | $ | 3,788,896,519 | $ | 440,298,094 | ||||||||||
Net assets by class: | ||||||||||||||||||||
Class A | $ | 250,001 | $ | 90,236,194 | $ | 138,357,240 | $ | 859,629,226 | $ | 319,325 | ||||||||||
Class B | — | 7,668,131 | 8,777,401 | — | — | |||||||||||||||
Class C | 250,001 | 27,055,792 | 77,656,604 | 882,944,669 | 305,599 | |||||||||||||||
Class I | 250,001 | 24,450,188 | 174,983,340 | 400,069,647 | 301,286 | |||||||||||||||
Class I2 | 30,000,010 | 281,280,828 | — | 1,646,252,977 | 439,371,884 | |||||||||||||||
Shares outstanding: | ||||||||||||||||||||
Class A | 25,000 | 90,236,075 | 5,984,817 | 81,748,846 | 30,716 | |||||||||||||||
Class B | — | 7,667,792 | 382,037 | — | — | |||||||||||||||
Class C | 25,000 | 27,051,241 | 3,406,660 | 84,124,631 | 29,522 | |||||||||||||||
Class I | 25,000 | 24,450,269 | 7,542,874 | 38,713,428 | 28,960 | |||||||||||||||
Class I2 | 3,000,001 | 281,281,254 | — | 159,394,113 | 42,204,059 | |||||||||||||||
Net asset value per share: | ||||||||||||||||||||
Class A | $ | 10.00 | $ | 1.00 | $ | 23.12 | $ | 10.52 | $ | 10.40 | ||||||||||
Class B | — | 1.00 | 22.98 | — | — | |||||||||||||||
Class C | 10.00 | 1.00 | 22.80 | 10.50 | 10.35 | |||||||||||||||
Class I | 10.00 | 1.00 | 23.20 | 10.33 | 10.40 | |||||||||||||||
Class I2 | 10.00 | 1.00 | — | 10.33 | 10.41 | |||||||||||||||
Maximum offering price per share: (A) | ||||||||||||||||||||
Class A | $ | 10.58 | $ | 1.00 | $ | 24.47 | $ | 10.79 | $ | 11.01 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Investment securities, at cost | $ | — | $ | 312,179,987 | $ | 386,880,716 | $ | 3,652,503,453 | $ | 490,064,482 | ||||||||||
Repurchase agreement, at cost | $ | — | $ | 118,089,564 | $ | 4,801,155 | $ | 118,114,426 | $ | 34,256,738 | ||||||||||
Foreign currency, at cost | $ | — | $ | — | $ | 13,570 | $ | — | $ | — | ||||||||||
Securities loaned, at value: | $ | — | $ | — | $ | 18,620,692 | $ | 94,378,408 | $ | 101,248,771 | ||||||||||
Premium received on written option and swaption contracts: | $ | — | $ | — | $ | 14,911 | $ | — | $ | — | ||||||||||
Proceeds received from TBA short commitments | $ | — | $ | — | $ | 15,082,606 | $ | — | $ | — |
(A) | 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 2013 |
Page 107
STATEMENTS OF ASSETS AND LIABILITIES (continued)
At April 30, 2013
(unaudited)
Transamerica Small Cap Value | Transamerica Small/Mid Cap Value | Transamerica Tactical Allocation | Transamerica Tactical Income | Transamerica Tactical Rotation | ||||||||||||||||
Assets: | ||||||||||||||||||||
Investment securities, at value | $ | 691,500,086 | $ | 860,279,676 | $ | 8,375,175 | $ | 1,391,411,366 | $ | 5,111,332 | ||||||||||
Repurchase agreements, at value | 42,221,771 | 21,932,342 | 166,908 | 5,439,781 | 233,778 | |||||||||||||||
Receivables: | ||||||||||||||||||||
Shares of beneficial interest sold | 2,710 | 3,009,136 | 91,494 | 12,034,123 | 149,348 | |||||||||||||||
Due from Advisor | — | — | 43,948 | — | 39,723 | |||||||||||||||
Investment securities sold | 3,931,074 | 9,048,310 | 1,252,352 | 53,918,757 | 1,026,566 | |||||||||||||||
Interest | 35 | 18 | — | 5 | — | |||||||||||||||
Dividends | 454,591 | 998,324 | — | — | — | |||||||||||||||
Securities lending income (net) | 16,915 | 14,770 | 194 | 132,631 | 542 | |||||||||||||||
12b-1 waiver | — | — | — | 16,565 | — | |||||||||||||||
Transfer agent | — | — | — | 35 | — | |||||||||||||||
Prepaid expenses | 1,402 | 2,925 | 22 | 2,451 | 11 | |||||||||||||||
Total assets | 738,128,584 | 895,285,501 | 9,930,093 | 1,462,955,714 | 6,561,300 | |||||||||||||||
Liabilities: | ||||||||||||||||||||
Accounts payable and accrued liabilities: | ||||||||||||||||||||
Shares of beneficial interest redeemed | 19,807 | 1,237,884 | 9,445 | 1,474,939 | 6,296 | |||||||||||||||
Investment securities purchased | 21,375,101 | 13,888,776 | 1,415,653 | �� | 59,093,375 | 1,264,100 | ||||||||||||||
Management and advisory fees | 411,750 | 560,839 | — | 523,480 | — | |||||||||||||||
Distribution and service fees | 397 | 336,603 | 2,368 | 501,529 | 1,360 | |||||||||||||||
Transfer agent fees | 3,730 | 70,139 | 463 | 56,014 | 208 | |||||||||||||||
Trustees fees | 248 | 1,531 | 3 | 1,097 | 1 | |||||||||||||||
Administration fees | 12,157 | 17,941 | 171 | 25,313 | 81 | |||||||||||||||
Other | 50,551 | 36,524 | 19,892 | 44,424 | 14,021 | |||||||||||||||
Collateral for securities on loan | 111,382,852 | 67,001,683 | 185,052 | 238,594,039 | 1,047,580 | |||||||||||||||
Total liabilities | 133,256,593 | 83,151,920 | 1,633,047 | 300,314,210 | 2,333,647 | |||||||||||||||
Net assets | $ | 604,871,991 | $ | 812,133,581 | $ | 8,297,046 | $ | 1,162,641,504 | $ | 4,227,653 | ||||||||||
Net assets consist of: | ||||||||||||||||||||
Shares of beneficial interest, unlimited shares authorized, no par value | $ | 542,831,021 | $ | 673,815,211 | $ | 8,049,147 | $ | 1,145,402,431 | $ | 4,097,554 | ||||||||||
Undistributed accumulated net investment income (loss) | 1,747,136 | 2,185,391 | (36,000 | ) | (11,804,567 | ) | (50,453 | ) | ||||||||||||
Undistributed (accumulated) net realized gain (loss) from investment securities and investments in investment companies | 5,812,584 | 24,952,608 | (16,416 | ) | 5,183,752 | (485 | ) | |||||||||||||
Net unrealized appreciation (depreciation) on: | ||||||||||||||||||||
Investment securities | 54,481,250 | 111,180,371 | 300,315 | 23,859,888 | 181,037 | |||||||||||||||
Net assets | $ | 604,871,991 | $ | 812,133,581 | $ | 8,297,046 | $ | 1,162,641,504 | $ | 4,227,653 | ||||||||||
Net assets by class: | ||||||||||||||||||||
Class A | $ | 326,246 | $ | 391,698,776 | $ | 2,515,529 | $ | 376,017,004 | $ | 2,021,638 | ||||||||||
Class B | — | 30,869,264 | — | — | — | |||||||||||||||
Class C | 382,964 | 231,250,182 | 2,517,064 | 467,670,251 | 1,266,071 | |||||||||||||||
Class I | 446,722 | 139,541,465 | 3,264,453 | 318,954,249 | 939,944 | |||||||||||||||
Class I2 | 603,716,059 | 18,773,894 | — | — | — | |||||||||||||||
Shares outstanding: | ||||||||||||||||||||
Class A | 28,715 | 15,488,124 | 245,343 | 36,333,157 | 193,770 | |||||||||||||||
Class B | — | 1,297,587 | — | — | — | |||||||||||||||
Class C | 33,765 | 9,823,311 | 247,203 | 45,342,190 | 121,687 | |||||||||||||||
Class I | 39,253 | 5,400,641 | 320,383 | 30,811,192 | 90,476 | |||||||||||||||
Class I2 | 53,028,117 | 726,002 | — | — | — | |||||||||||||||
Net asset value per share: | ||||||||||||||||||||
Class A | $ | 11.36 | $ | 25.29 | $ | 10.25 | $ | 10.35 | $ | 10.43 | ||||||||||
Class B | — | 23.79 | — | — | — | |||||||||||||||
Class C | 11.34 | 23.54 | 10.18 | 10.31 | 10.40 | |||||||||||||||
Class I | 11.38 | 25.84 | 10.19 | 10.35 | 10.39 | |||||||||||||||
Class I2 | 11.38 | 25.86 | — | — | — | |||||||||||||||
Maximum offering price per share: (A) | ||||||||||||||||||||
Class A | $ | 12.02 | $ | 26.76 | $ | 10.85 | $ | 10.87 | $ | 11.04 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Investment securities, at cost | $ | 637,018,836 | $ | 749,099,305 | $ | 8,074,860 | $ | 1,367,551,478 | $ | 4,930,295 | ||||||||||
Repurchase agreement, at cost | $ | 42,221,771 | $ | 21,932,342 | $ | 166,908 | $ | 5,439,781 | $ | 233,778 | ||||||||||
Securities loaned, at value: | $ | 108,571,818 | $ | 65,322,981 | $ | 180,956 | $ | 233,359,455 | $ | 1,023,042 |
(A) | 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 2013 |
Page 108
STATEMENTS OF OPERATIONS
For the period ended April 30, 2013
(unaudited)
Transamerica Capital Growth | Transamerica Diversified Equity | Transamerica Dividend Focused (A) | Transamerica Emerging Markets Debt | Transamerica Emerging Markets Equity | ||||||||||||||||
Investment Income: | ||||||||||||||||||||
Dividend income | $ | 5,182,893 | $ | 15,214,971 | $ | 7,181,985 | $ | — | $ | 1,677,332 | ||||||||||
Interest income | 3,836 | 1,961 | 6,916 | 22,875,774 | 914 | |||||||||||||||
Withholding taxes on foreign income | (141,554 | ) | (51,412 | ) | — | (78,253 | ) | (176,729 | ) | |||||||||||
Securities lending income (net) | 607,319 | 423,755 | 25,226 | 96,329 | 19,473 | |||||||||||||||
Total investment income | 5,652,494 | 15,589,275 | 7,214,127 | 22,893,850 | 1,520,990 | |||||||||||||||
Expenses: | ||||||||||||||||||||
Management and advisory | 2,806,220 | 5,225,719 | 1,877,316 | 2,274,927 | 847,492 | |||||||||||||||
Distribution and service: | ||||||||||||||||||||
Class A | 100,114 | 645,840 | 257 | 174,740 | 560 | |||||||||||||||
Class B | 27,415 | 100,754 | — | — | — | |||||||||||||||
Class C | 99,280 | 212,818 | 901 | 97,485 | 1,503 | |||||||||||||||
Transfer agent: | ||||||||||||||||||||
Class A | 102,057 | 671,354 | 8 | 60,607 | 349 | |||||||||||||||
Class B | 13,999 | 47,224 | — | — | — | |||||||||||||||
Class C | 22,972 | 89,846 | 8 | 10,856 | 92 | |||||||||||||||
Class I | 57,552 | 200,441 | 177 | 41,992 | 252 | |||||||||||||||
Class I2 | 21,233 | 22,484 | 21,699 | 20,760 | 6,649 | |||||||||||||||
Class T | — | 61,559 | — | — | — | |||||||||||||||
Printing and shareholder reports | 40,927 | 99,288 | 27,473 | 41,408 | 8,417 | |||||||||||||||
Custody | 66,363 | 104,579 | 42,532 | 137,050 | 134,943 | |||||||||||||||
Administration | 92,455 | 183,976 | 72,417 | 96,347 | 22,302 | |||||||||||||||
Legal | 10,500 | 23,916 | 13,011 | 8,735 | 1,537 | |||||||||||||||
Audit and tax | 7,851 | 30,556 | 5,939 | 12,553 | 8,446 | |||||||||||||||
Trustees | 6,655 | 13,281 | 5,018 | 6,304 | 1,366 | |||||||||||||||
Registration | 51,114 | 70,049 | 51,345 | 22,180 | 43,555 | |||||||||||||||
Other | 7,655 | 14,081 | 6,077 | 6,170 | 1,953 | |||||||||||||||
Total expenses | 3,534,362 | 7,817,765 | 2,124,178 | 3,012,114 | 1,079,416 | |||||||||||||||
Class expense recaptured or (reimbursed)/(waived): | ||||||||||||||||||||
Class A | 18,884 | — | — | — | — | |||||||||||||||
Class B | (4,046 | ) | (8,223 | ) | — | — | — | |||||||||||||
Class C | — | (7,538 | ) | — | — | — | ||||||||||||||
Class I | — | — | — | — | 5 | |||||||||||||||
Total expenses recaptured or (reimbursed)/(waived) | 14,838 | (15,761 | ) | — | — | 5 | ||||||||||||||
Net expenses | 3,549,200 | 7,802,004 | 2,124,178 | 3,012,114 | 1,079,421 | |||||||||||||||
Net investment income | 2,103,294 | 7,787,271 | 5,089,949 | 19,881,736 | 441,569 | |||||||||||||||
Net realized gain (loss) on transactions from: | ||||||||||||||||||||
Investment securities | (7,196,046 | ) | 69,974,894 | 2,411,759 | 18,049,717 | 1,469,110 | (C) | |||||||||||||
Foreign currency transactions | 5,863 | — | — | 591,327 | (58,279 | ) | ||||||||||||||
Total realized gain (loss) | (7,190,183 | ) | 69,974,894 | 2,411,759 | 18,641,044 | 1,410,831 | ||||||||||||||
Net change in unrealized appreciation (depreciation) on: | ||||||||||||||||||||
Investment securities | 101,109,515 | 100,541,212 | 84,848,461 | 10,277,613 | (B) | 8,886,596 | (D) | |||||||||||||
Translation of assets and liabilities denominated in foreign currencies | 17,771 | 956 | — | (774,510 | ) | 53,348 | ||||||||||||||
Net change in unrealized appreciation (depreciation) | 101,127,286 | 100,542,168 | 84,848,461 | 9,503,103 | 8,939,944 | |||||||||||||||
Net realized and change in unrealized gain | 93,937,103 | 170,517,062 | 87,260,220 | 28,144,147 | 10,350,775 | |||||||||||||||
Net increase in net assets resulting from operations | $ | 96,040,397 | $ | 178,304,333 | $ | 92,350,169 | $ | 48,025,883 | $ | 10,792,344 |
(A) | Commenced operations January 4, 2013. |
(B) | Net of foreign capital gains tax of $26,944. |
(C) | Net of foreign capital gains tax of $134,823. |
(D) | Net of foreign capital gains tax of $318,928. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 109
STATEMENTS OF OPERATIONS (continued)
For the period ended April 30, 2013
(unaudited)
Transamerica Enhanced Muni (A) | Transamerica Flexible Income | Transamerica Growth Opportunities | Transamerica High Yield Bond | Transamerica Income & Growth (A) | ||||||||||||||||
Investment Income: | ||||||||||||||||||||
Dividend income | $ | — | $ | 237,862 | $ | 3,608,169 | $ | 611,169 | $ | 7,221,176 | ||||||||||
Interest income | 109,170 | 6,998,672 | 3,185 | 22,629,073 | 1,290 | |||||||||||||||
Withholding taxes on foreign income | — | (2,305 | ) | (6,320 | ) | — | (365,629 | ) | ||||||||||||
Securities lending income (net) | — | 55,749 | 1,014,535 | 183,516 | 233,849 | |||||||||||||||
Total investment income | 109,170 | 7,289,978 | 4,619,569 | 23,423,758 | 7,090,686 | |||||||||||||||
Expenses: | ||||||||||||||||||||
Management and advisory | 17,418 | 644,084 | 2,297,424 | 2,020,370 | 682,459 | |||||||||||||||
Distribution and service: | ||||||||||||||||||||
Class A | 2,853 | 118,429 | 140,856 | 400,398 | 2,948 | |||||||||||||||
Class B | — | 32,859 | 27,657 | 46,667 | — | |||||||||||||||
Class C | 3,742 | 440,634 | 55,226 | 414,787 | 11,887 | |||||||||||||||
Transfer agent: | ||||||||||||||||||||
Class A | 259 | 45,942 | 173,279 | 106,241 | 595 | |||||||||||||||
Class B | — | 6,995 | 14,254 | 8,066 | — | |||||||||||||||
Class C | 159 | 33,823 | 26,277 | 39,965 | 508 | |||||||||||||||
Class I | 2,664 | 19,901 | 65,140 | 56,576 | 5,557 | |||||||||||||||
Class I2 | — | 2,313 | 15,596 | 8,603 | 7,075 | |||||||||||||||
Printing and shareholder reports | 19,723 | 18,793 | 36,981 | 51,121 | 25,183 | |||||||||||||||
Custody | 12,671 | 32,840 | 65,071 | 53,809 | 39,781 | |||||||||||||||
Administration | 990 | 34,241 | 75,409 | 86,548 | 25,465 | |||||||||||||||
Legal | 14 | 4,462 | 8,523 | 9,956 | 229 | |||||||||||||||
Audit and tax | 7,624 | 8,565 | 7,964 | 9,384 | 7,674 | |||||||||||||||
Trustees | 70 | 2,587 | 5,396 | 6,235 | 1,802 | |||||||||||||||
Registration | 55,918 | 48,180 | 49,604 | 66,705 | 62,006 | |||||||||||||||
Other | 1,989 | 3,974 | 6,679 | 6,959 | 3,273 | |||||||||||||||
Total expenses | 126,094 | 1,498,622 | 3,071,336 | 3,392,390 | 876,442 | |||||||||||||||
Fund expenses recaptured or (reimbursed)/(waived) | (88,850 | ) | — | — | — | — | ||||||||||||||
Class expense recaptured or (reimbursed)/(waived): | ||||||||||||||||||||
Class A | (1,536 | ) | (19,738 | ) | — | — | — | |||||||||||||
Class C | (1,045 | ) | — | — | — | — | ||||||||||||||
Class I | (2,304 | ) | — | — | — | (287 | ) | |||||||||||||
Total expenses recaptured or (reimbursed)/(waived) | (93,735 | ) | (19,738 | ) | — | — | (287 | ) | ||||||||||||
Net expenses | 32,359 | 1,478,884 | 3,071,336 | 3,392,390 | 876,155 | |||||||||||||||
Net investment income | 76,811 | 5,811,094 | 1,548,233 | 20,031,368 | 6,214,531 | |||||||||||||||
Net realized gain (loss) on transactions from: | ||||||||||||||||||||
Investment securities | 53,060 | 1,745,316 | (4,956,543 | ) | 9,542,580 | 241,000 | ||||||||||||||
Foreign currency transactions | — | 4,074 | 178 | — | (91,178 | ) | ||||||||||||||
Total realized gain (loss) | 53,060 | 1,749,390 | (4,956,365 | ) | 9,542,580 | 149,822 | ||||||||||||||
Net change in unrealized appreciation (depreciation) on: | ||||||||||||||||||||
Investment securities | 250,681 | 5,951,461 | 102,859,217 | 20,010,163 | 23,284,714 | |||||||||||||||
Translation of assets and liabilities denominated in foreign currencies | — | 3,252 | (745 | ) | — | (4,771 | ) | |||||||||||||
Net change in unrealized appreciation (depreciation) | 250,681 | 5,954,713 | 102,858,472 | 20,010,163 | 23,279,943 | |||||||||||||||
Net realized and change in unrealized gain | 303,741 | 7,704,103 | 97,902,107 | 29,552,743 | 23,429,765 | |||||||||||||||
Net increase in net assets resulting from operations | $ | 380,552 | $ | 13,515,197 | $ | 99,450,340 | $ | 49,584,111 | $ | 29,644,296 |
(A) | Commenced operations October 31, 2012. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 110
STATEMENTS OF OPERATIONS (continued)
For the period ended April 30, 2013
(unaudited)
Transamerica International Bond | Transamerica International Equity | Transamerica International Small Cap Value (A) | Transamerica Large Cap Growth | Transamerica Large Cap Value | ||||||||||||||||
Investment Income: | ||||||||||||||||||||
Dividend income | $ | — | $ | 6,097,090 | $ | 1,875,803 | $ | 1,828,802 | $ | 18,190,479 | ||||||||||
Interest income | 2,126,917 | 762 | 623 | 400 | 8,000 | |||||||||||||||
Withholding taxes on foreign income | — | (494,085 | ) | (128,997 | ) | (1,064 | ) | (95,661 | ) | |||||||||||
Securities lending income (net) | 459 | 74,916 | 33,859 | 39,220 | 73,880 | |||||||||||||||
Total investment income | 2,127,376 | 5,678,683 | 1,781,288 | 1,867,358 | 18,176,698 | |||||||||||||||
Expenses: | ||||||||||||||||||||
Management and advisory | 485,589 | 1,308,777 | 352,055 | 615,935 | 4,623,287 | |||||||||||||||
Distribution and service: | ||||||||||||||||||||
Class A | 382 | 9,131 | — | 1,459 | 4,629 | |||||||||||||||
Class C | 987 | 37,656 | — | 4,007 | 11,863 | |||||||||||||||
Transfer agent: | ||||||||||||||||||||
Class A | 212 | 6,359 | — | 396 | 2,491 | |||||||||||||||
Class C | 140 | 4,792 | — | 233 | 1,273 | |||||||||||||||
Class I | 76 | 52,789 | 177 | 315 | 2,032 | |||||||||||||||
Class I2 | 6,768 | 8,184 | 2,842 | 6,756 | 54,810 | |||||||||||||||
Printing and shareholder reports | 10,222 | 15,008 | 2,678 | 13,501 | 73,621 | |||||||||||||||
Custody | 76,212 | 104,735 | 77,544 | 10,779 | 66,020 | |||||||||||||||
Administration | 22,630 | 41,560 | 9,515 | 22,813 | 183,856 | |||||||||||||||
Legal | 2,792 | 3,735 | 915 | 1,999 | 21,397 | |||||||||||||||
Audit and tax | 8,654 | 8,845 | 5,939 | 8,395 | 9,048 | |||||||||||||||
Trustees | 1,671 | 2,732 | 472 | 1,551 | 12,621 | |||||||||||||||
Registration | 47,102 | 34,432 | 21,698 | 44,980 | 35,041 | |||||||||||||||
Other | 2,890 | 3,210 | 1,346 | 2,417 | 13,614 | |||||||||||||||
Total expenses | 666,327 | 1,641,945 | 475,181 | 735,536 | 5,115,603 | |||||||||||||||
Class expense recaptured or (reimbursed)/(waived): | ||||||||||||||||||||
Class A | (186 | ) | 514 | — | 12 | — | ||||||||||||||
Class C | (117 | ) | — | — | — | — | ||||||||||||||
Class I | (66 | ) | — | (211 | ) | 70 | — | |||||||||||||
Class I2 | — | — | (10,638 | ) | — | — | ||||||||||||||
Total expenses recaptured or (reimbursed)/(waived) | (369 | ) | 514 | (10,849 | ) | 82 | — | |||||||||||||
Net expenses | 665,958 | 1,642,459 | 464,332 | 735,618 | 5,115,603 | |||||||||||||||
Net investment income | 1,461,418 | 4,036,224 | 1,316,956 | 1,131,740 | 13,061,095 | |||||||||||||||
Net realized gain (loss) on transactions from: | ||||||||||||||||||||
Investment securities | (548,372 | ) | 3,198,466 | 661,337 | (756,620 | ) | 91,379,645 | |||||||||||||
Futures contracts | (152,485 | ) | — | — | — | — | ||||||||||||||
Foreign currency transactions | (8,735,461 | ) | (71,393 | ) | 31,289 | — | — | |||||||||||||
Total realized gain (loss) | (9,436,318 | ) | 3,127,073 | 692,626 | (756,620 | ) | 91,379,645 | |||||||||||||
Net change in unrealized appreciation (depreciation) on: | ||||||||||||||||||||
Investment securities | (765,136 | ) | 40,310,856 | (B) | 8,843,600 | 18,857,345 | 130,434,591 | |||||||||||||
Futures contracts | (216,152 | ) | — | — | — | — | ||||||||||||||
Translation of assets and liabilities denominated in foreign currencies | (67,453 | ) | 14,779 | (4,657 | ) | — | — | |||||||||||||
Net change in unrealized appreciation (depreciation) | (1,048,741 | ) | 40,325,635 | 8,838,943 | 18,857,345 | 130,434,591 | ||||||||||||||
Net realized and change in unrealized gain (loss) | (10,485,059 | ) | 43,452,708 | 9,531,569 | 18,100,725 | 221,814,236 | ||||||||||||||
Net increase (decrease) in net assets resulting from operations | $ | (9,023,641 | ) | $ | 47,488,932 | $ | 10,848,525 | $ | 19,232,465 | $ | 234,875,331 |
(A) | Commenced operations January 4, 2013. |
(B) | Net of foreign capital gains tax of $119,787. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 111
STATEMENTS OF OPERATIONS (continued)
For the period ended April 30, 2013
(unaudited)
Transamerica MLP & Energy Income (A) | Transamerica Money Market | Transamerica Multi-Managed Balanced | Transamerica Short-Term Bond | Transamerica Small Cap Growth | ||||||||||||||||
Investment Income: | ||||||||||||||||||||
Dividend income | $ | — | $ | — | $ | 2,507,066 | $ | — | $ | 1,142,644 | ||||||||||
Interest income | — | 1,065,154 | 2,114,622 | 64,260,545 | 2,287 | |||||||||||||||
Withholding taxes on foreign income | — | — | (3,726 | ) | — | — | ||||||||||||||
Securities lending income (net) | — | — | 23,280 | 128,938 | 337,661 | |||||||||||||||
Total investment income | — | 1,065,154 | 4,641,242 | 64,389,483 | 1,482,592 | |||||||||||||||
Expenses: | ||||||||||||||||||||
Management and advisory | — | 1,720,363 | 1,407,461 | 8,740,680 | 1,250,947 | |||||||||||||||
Distribution and service: | ||||||||||||||||||||
Class A | — | 141,385 | 193,177 | 1,213,972 | 396 | |||||||||||||||
Class B | — | 42,243 | 43,494 | — | — | |||||||||||||||
Class C | — | 141,047 | 344,245 | 4,304,794 | 1,286 | |||||||||||||||
Transfer agent: | ||||||||||||||||||||
Class A | — | 165,384 | 141,410 | 221,156 | 83 | |||||||||||||||
Class B | — | 16,332 | 18,406 | — | — | |||||||||||||||
Class C | — | 24,723 | 45,074 | 306,341 | 39 | |||||||||||||||
Class I | — | 29,323 | 92,532 | 198,243 | 152 | |||||||||||||||
Class I2 | — | 26,427 | — | 64,766 | 11,186 | |||||||||||||||
Printing and shareholder reports | — | 43,166 | 28,234 | 181,238 | 19,337 | |||||||||||||||
Custody | — | 68,109 | 89,247 | 190,741 | 22,666 | |||||||||||||||
Administration | — | 107,523 | 46,915 | 471,818 | 37,386 | |||||||||||||||
Legal | — | 9,994 | 5,366 | 50,544 | 3,101 | |||||||||||||||
Audit and tax | — | 7,625 | 8,116 | 10,736 | 7,674 | |||||||||||||||
Trustees | — | 6,651 | 3,337 | 32,286 | 2,484 | |||||||||||||||
Registration | — | 54,327 | 45,902 | 67,780 | 14,596 | |||||||||||||||
Other | — | 5,148 | 4,578 | 25,368 | 1,750 | |||||||||||||||
Total expenses | — | 2,609,770 | 2,517,494 | 16,080,463 | 1,373,083 | |||||||||||||||
Fund expenses recaptured or (reimbursed)/(waived) | — | (1,067,414 | ) | — | — | 15,175 | ||||||||||||||
Class expense recaptured or (reimbursed)/(waived): | ||||||||||||||||||||
Class A | — | (301,131 | ) | — | (202,329 | ) | 7 | |||||||||||||
Class B | — | (58,089 | ) | — | — | — | ||||||||||||||
Class C | — | (164,280 | ) | — | — | 4 | ||||||||||||||
Class I | — | (29,323 | ) | — | — | 41 | ||||||||||||||
Class I2 | — | (26,427 | ) | — | — | 2,031 | ||||||||||||||
Total expenses recaptured or (reimbursed)/(waived) | — | (1,646,664 | ) | — | (202,329 | ) | 17,258 | |||||||||||||
Net expenses | — | 963,106 | 2,517,494 | 15,878,134 | 1,390,341 | |||||||||||||||
Net investment income | — | 102,048 | 2,123,748 | 48,511,349 | 92,251 | |||||||||||||||
Net realized gain (loss) on transactions from: | ||||||||||||||||||||
Investment securities | — | — | 12,209,794 | 16,385,439 | (14,080,132 | ) | ||||||||||||||
Futures contracts | — | — | 72,209 | — | — | |||||||||||||||
Written option and swaption contracts | — | — | (24,027 | ) | — | — | ||||||||||||||
Foreign currency transactions | — | — | 33,126 | (7,552 | ) | — | ||||||||||||||
Total realized gain (loss) | — | — | 12,291,102 | 16,377,887 | (14,080,132 | ) | ||||||||||||||
Net change in unrealized appreciation (depreciation) on: | ||||||||||||||||||||
Investment securities | — | — | 17,635,691 | 4,795,408 | 44,497,424 | |||||||||||||||
Futures contracts | — | — | 471,427 | — | — | |||||||||||||||
Written option and swaption contracts | — | — | 11,911 | — | — | |||||||||||||||
Translation of assets and liabilities denominated in foreign currencies | — | — | (82,281 | ) | 4,644 | — | ||||||||||||||
TBA Short Commitments | — | — | (88,302 | ) | — | — | ||||||||||||||
Net change in unrealized appreciation (depreciation) | — | — | 17,948,446 | 4,800,052 | 44,497,424 | |||||||||||||||
Net realized and change in unrealized gain | — | — | 30,239,548 | 21,177,939 | 30,417,292 | |||||||||||||||
Net increase in net assets resulting from operations | $ | — | $ | 102,048 | $ | 32,363,296 | $ | 69,689,288 | $ | 30,509,543 |
(A) | Commenced operations April 30, 2013. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 112
STATEMENTS OF OPERATIONS (continued)
For the period ended April 30, 2013
(unaudited)
Transamerica Small Cap Value | Transamerica Small/Mid Cap Value | Transamerica Tactical Allocation (A) | Transamerica Tactical Income | Transamerica Tactical Rotation (A) | ||||||||||||||||
Investment Income: | ||||||||||||||||||||
Dividend income | $ | 4,937,067 | $ | 7,889,791 | $ | 41,910 | $ | 20,708,671 | $ | 13,229 | ||||||||||
Interest income | 3,335 | 2,502 | 34 | 1,489 | 16 | |||||||||||||||
Withholding taxes on foreign income | — | (3,346 | ) | — | — | — | ||||||||||||||
Securities lending income (net) | 78,720 | 90,614 | 788 | 499,276 | 1,001 | |||||||||||||||
Total investment income | 5,019,122 | 7,979,561 | 42,732 | 21,209,436 | 14,246 | |||||||||||||||
Expenses: | ||||||||||||||||||||
Management and advisory | 1,675,010 | 2,864,766 | 11,338 | 2,245,182 | 5,315 | |||||||||||||||
Distribution and service: | ||||||||||||||||||||
Class A | 429 | 528,257 | 1,736 | 475,611 | 1,370 | |||||||||||||||
Class B | — | 150,113 | — | — | — | |||||||||||||||
Class C | 1,459 | 1,049,924 | 4,975 | 1,826,836 | 2,627 | |||||||||||||||
Transfer agent: | ||||||||||||||||||||
Class A | 1,627 | 351,661 | 640 | 122,973 | 451 | |||||||||||||||
Class B | — | 33,920 | — | — | — | |||||||||||||||
Class C | 78 | 187,917 | 413 | 156,583 | 267 | |||||||||||||||
Class I | 222 | 65,294 | 1,018 | 145,544 | 279 | |||||||||||||||
Class I2 | 14,697 | 622 | — | — | — | |||||||||||||||
Printing and shareholder reports | 24,365 | 104,595 | 9,302 | 104,908 | 9,237 | |||||||||||||||
Custody | 36,053 | 49,904 | 10,754 | 29,654 | 10,333 | |||||||||||||||
Administration | 49,114 | 91,360 | 515 | 119,590 | 242 | |||||||||||||||
Legal | 4,161 | 9,780 | 13 | 10,748 | 12 | |||||||||||||||
Audit and tax | 7,674 | 10,366 | 9,843 | 30,861 | 10,389 | |||||||||||||||
Trustees | 3,084 | 6,344 | 32 | 7,628 | 18 | |||||||||||||||
Registration | 43,696 | 71,758 | 62,351 | 49,800 | 55,879 | |||||||||||||||
Other | 3,542 | 7,624 | 2,929 | 6,898 | 3,051 | |||||||||||||||
Total expenses | 1,865,211 | 5,584,205 | 115,859 | 5,332,816 | 99,470 | |||||||||||||||
Fund expenses recaptured or (reimbursed)/(waived) | — | — | (91,074 | ) | — | (86,274 | ) | |||||||||||||
Class expense recaptured or (reimbursed)/(waived): | ||||||||||||||||||||
Class A | (1,314 | ) | — | (185 | ) | (69,161 | ) | (451 | ) | |||||||||||
Class C | — | — | 36 | 13,363 | (267 | ) | ||||||||||||||
Class I | — | — | (404 | ) | 26,301 | (279 | ) | |||||||||||||
Total expenses recaptured or (reimbursed)/(waived) | (1,314 | ) | — | (91,627 | ) | (29,497 | ) | (87,271 | ) | |||||||||||
Net expenses | 1,863,897 | 5,584,205 | 24,232 | 5,303,319 | 12,199 | |||||||||||||||
Net investment income | 3,155,225 | 2,395,356 | 18,500 | 15,906,117 | 2,047 | |||||||||||||||
Net realized gain (loss) on transactions from: | ||||||||||||||||||||
Investment securities | 6,757,153 | 38,902,893 | (16,416 | ) | — | (485 | ) | |||||||||||||
Investments in investment companies | — | — | — | 3,292,033 | — | |||||||||||||||
Distributions from investments in investment companies | — | — | — | 1,167,538 | — | |||||||||||||||
Total realized gain (loss) | 6,757,153 | 38,902,893 | (16,416 | ) | 4,459,571 | (485 | ) | |||||||||||||
Net change in unrealized appreciation (depreciation) on: | ||||||||||||||||||||
Investment securities | 51,644,276 | 68,142,150 | 300,315 | 22,723,092 | 181,037 | |||||||||||||||
Net change in unrealized appreciation (depreciation) | 51,644,276 | 68,142,150 | 300,315 | 22,723,092 | 181,037 | |||||||||||||||
Net realized and change in unrealized gain | 58,401,429 | 107,045,043 | 283,899 | 27,182,663 | 180,552 | |||||||||||||||
Net increase in net assets resulting from operations | $ | 61,556,654 | $ | 109,440,399 | $ | 302,399 | $ | 43,088,780 | $ | 182,599 |
(A) | Commenced operations October 31, 2012. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 113
STATEMENTS OF CHANGES IN NET ASSETS
For the period and year ended:
Transamerica Capital Growth | Transamerica Diversified Equity | Transamerica Dividend Focused | ||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | April 30, 2013 (unaudited) | October 31, 2012 | April 30, 2013 (unaudited) (A) | ||||||||||||||||
From operations: | ||||||||||||||||||||
Net investment income | $ | 2,103,294 | $ | 3,863,969 | $ | 7,787,271 | $ | 6,117,142 | $ | 5,089,949 | ||||||||||
Net realized gain (loss) from investment securities and foreign currency transactions | (7,190,183 | ) | 21,099,681 | 69,974,894 | 43,581,787 | 2,411,759 | ||||||||||||||
Net change in unrealized appreciation (depreciation) on investment securities and foreign currency translations | 101,127,286 | (5,524,153 | ) | 100,542,168 | (8,338,540 | ) | 84,848,461 | |||||||||||||
Net increase in net assets resulting from operations | 96,040,397 | 19,439,497 | 178,304,333 | 41,360,389 | 92,350,169 | |||||||||||||||
Distributions to shareholders: | ||||||||||||||||||||
From net investment income: | ||||||||||||||||||||
Class A | — | — | — | — | (917 | ) | ||||||||||||||
Class B | — | — | (B) | — | — | (B) | — | |||||||||||||
Class C | — | — | (B) | — | — | (B) | (472 | ) | ||||||||||||
Class I | (414,609 | ) | (8,831 | ) | — | — | (1,572 | ) | ||||||||||||
Class I2 | (4,858,470 | ) | (19,118 | ) | — | (359,094 | ) | (3,643,846 | ) | |||||||||||
Class P | — | — | (B) | — | — | (B) | — | |||||||||||||
(5,273,079 | ) | (27,949 | ) | — | (359,094 | ) | (3,646,807 | ) | ||||||||||||
From net realized gains: | ||||||||||||||||||||
Class A | (1,530,417 | ) | (1,846,794 | ) | — | (10,445,335 | ) | — | ||||||||||||
Class B | (139,179 | ) | (231,580 | ) | — | (711,300 | ) | — | ||||||||||||
Class C | (494,636 | ) | (510,389 | ) | — | (1,806,126 | ) | — | ||||||||||||
Class I | (1,819,062 | ) | (349,551 | ) | — | (145,147 | ) | — | ||||||||||||
Class I2 | (18,146,877 | ) | (19,815,931 | ) | — | (36,687,461 | ) | — | ||||||||||||
Class P | — | (1,887,565 | ) | — | (23,251,081 | ) | — | |||||||||||||
(22,130,171 | ) | (24,641,810 | ) | — | (73,046,450 | ) | — | |||||||||||||
Total distributions to shareholders | (27,403,250 | ) | (24,669,759 | ) | — | (73,405,544 | ) | (3,646,807 | ) | |||||||||||
Capital share transactions: | ||||||||||||||||||||
Proceeds from shares sold: | ||||||||||||||||||||
Class A | 4,340,424 | 21,613,934 | 7,294,458 | 11,280,555 | 286,353 | |||||||||||||||
Class B | 222,174 | 659,807 | 662,007 | 1,166,938 | — | |||||||||||||||
Class C | 1,188,345 | 7,541,767 | 800,743 | 1,558,853 | 319,430 | |||||||||||||||
Class I | 4,616,714 | 33,443,112 | 4,767,718 | 167,679,914 | 1,489,198 | |||||||||||||||
Class I2 | 3,830,421 | 169,765,244 | 9,910,599 | 19,674,746 | 938,642,789 | |||||||||||||||
Class P | — | 4,374,502 | — | 1,546,498 | — | |||||||||||||||
Class T | — | — | 397,455 | 551,538 | — | |||||||||||||||
14,198,078 | 237,398,366 | 23,832,980 | 203,459,042 | 940,737,770 | ||||||||||||||||
Issued from fund acquisition: | ||||||||||||||||||||
Class A | — | — | — | 387,425,221 | — | |||||||||||||||
Class B | — | — | — | 21,028,002 | — | |||||||||||||||
Class C | — | — | — | 33,858,937 | — | |||||||||||||||
Class I | — | — | — | 174,605,682 | — | |||||||||||||||
Class I2 | — | — | — | 371,097,411 | — | |||||||||||||||
Class T | — | — | — | 89,250,628 | — | |||||||||||||||
— | — | — | 1,077,265,881 | — | ||||||||||||||||
Dividends and distributions reinvested: | ||||||||||||||||||||
Class A | 1,494,049 | 1,768,216 | — | 10,117,116 | 917 | |||||||||||||||
Class B | 134,512 | 222,880 | — | 698,146 | — | |||||||||||||||
Class C | 444,699 | 467,417 | — | 1,685,015 | 472 | |||||||||||||||
Class I | 1,856,212 | 138,127 | — | 142,154 | 1,572 | |||||||||||||||
Class I2 | 23,005,346 | 19,835,049 | — | 37,046,554 | 3,643,846 | |||||||||||||||
Class P | — | 1,863,143 | — | 23,224,123 | — | |||||||||||||||
26,934,818 | 24,294,832 | — | 72,913,108 | 3,646,807 | ||||||||||||||||
Cost of shares redeemed: | ||||||||||||||||||||
Class A | (10,683,417 | ) | (24,775,288 | ) | (33,171,604 | ) | (64,947,926 | ) | (4,721 | ) | ||||||||||
Class B | (520,934 | ) | (1,040,168 | ) | (1,739,212 | ) | (2,554,722 | ) | — | |||||||||||
Class C | (3,379,240 | ) | (4,091,362 | ) | (4,329,964 | ) | (6,581,307 | ) | — | |||||||||||
Class I | (12,397,064 | ) | (16,598,979 | ) | (64,973,648 | ) | (80,332,816 | ) | (289,082 | ) | ||||||||||
Class I2 | (124,667,063 | ) | (47,639,645 | ) | (19,126,235 | ) | (127,460,797 | ) | (20,583,034 | ) | ||||||||||
Class P | — | (21,301,345 | ) | — | (142,180,744 | ) | — | |||||||||||||
Class T | — | — | (4,869,886 | ) | (7,920,571 | ) | — | |||||||||||||
(151,647,718 | ) | (115,446,787 | ) | (128,210,549 | ) | (431,978,883 | ) | (20,876,837 | ) |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 114
STATEMENTS OF CHANGES IN NET ASSETS (continued)
For the period and year ended:
Transamerica Capital Growth | Transamerica Diversified Equity | Transamerica Dividend Focused | ||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | April 30, 2013 (unaudited) | October 31, 2012 | April 30, 2013 (unaudited) (A) | ||||||||||||||||
Automatic conversions: | ||||||||||||||||||||
Class A | 482,700 | 1,945,222 | 1,718,366 | 4,566,979 | — | |||||||||||||||
Class B | (482,700 | ) | (1,945,222 | ) | (1,718,366 | ) | (4,566,979 | ) | — | |||||||||||
— | — | — | — | — | ||||||||||||||||
Class level conversions: | ||||||||||||||||||||
Class I | — | 52,090,212 | — | 46,485,850 | — | |||||||||||||||
Class P | — | (52,090,212 | ) | — | (46,485,850 | ) | — | |||||||||||||
— | — | — | — | — | ||||||||||||||||
Fair fund settlement: | ||||||||||||||||||||
Class A | — | — | — | 112,850 | — | |||||||||||||||
Class B | — | — | — | 7,659 | — | |||||||||||||||
Class C | — | — | — | 19,184 | — | |||||||||||||||
Class I | — | — | — | 1,583 | — | |||||||||||||||
Class I2 | — | — | — | 400,991 | — | |||||||||||||||
Class P | — | — | — | 253,188 | — | |||||||||||||||
— | — | — | 795,455 | — | ||||||||||||||||
Net increase (decrease) in net assets resulting from capital shares transactions | (110,514,822 | ) | 146,246,411 | (104,377,569 | ) | 922,454,603 | 923,507,740 | |||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net increase (decrease) in net assets | (41,877,675 | ) | 141,016,149 | 73,926,764 | 890,409,448 | 1,012,211,102 | ||||||||||||||
Net assets: | ||||||||||||||||||||
Beginning of period | 716,905,271 | 575,889,122 | 1,453,494,982 | 563,085,534 | — | |||||||||||||||
End of period | $ | 675,027,596 | $ | 716,905,271 | $ | 1,527,421,746 | $ | 1,453,494,982 | $ | 1,012,211,102 | ||||||||||
Undistributed net investment income | $ | 583,505 | $ | 3,753,290 | $ | 14,319,803 | $ | 6,532,532 | $ | 1,443,142 | ||||||||||
Share activity: | ||||||||||||||||||||
Shares issued: | ||||||||||||||||||||
Class A | 267,525 | 1,372,571 | 518,870 | 829,004 | 28,426 | |||||||||||||||
Class B | 15,129 | 46,647 | 47,398 | 86,496 | — | |||||||||||||||
Class C | 80,960 | 526,526 | 56,968 | 115,664 | 31,514 | |||||||||||||||
Class I | 281,450 | 2,120,107 | 332,920 | 12,267,159 | 140,680 | |||||||||||||||
Class I2 | 338,725 | 15,630,006 | 705,016 | 1,412,499 | 93,485,103 | |||||||||||||||
Class T | — | — | 13,003 | 18,744 | — | |||||||||||||||
Class P | — | 293,046 | — | 116,179 | — | |||||||||||||||
983,789 | 19,988,903 | 1,674,175 | 14,845,745 | 93,685,723 | ||||||||||||||||
Shares issued on fund acquisition: | ||||||||||||||||||||
Class A | — | — | — | 28,762,080 | — | |||||||||||||||
Class B | — | — | — | 1,571,600 | — | |||||||||||||||
Class C | — | — | — | 2,536,250 | — | |||||||||||||||
Class I | — | — | — | 12,838,653 | — | |||||||||||||||
Class I2 | — | — | — | 27,326,761 | — | |||||||||||||||
Class T | — | — | — | 3,110,020 | — | |||||||||||||||
— | — | — | 76,145,364 | — | ||||||||||||||||
Shares issued-reinvested from dividends and distributions: | ||||||||||||||||||||
Class A | 95,102 | 128,748 | — | 853,045 | 86 | |||||||||||||||
Class B | 9,433 | 17,690 | — | 59,215 | — | |||||||||||||||
Class C | 31,185 | 37,215 | — | 143,162 | 44 | |||||||||||||||
Class I | 116,596 | 9,937 | — | 11,886 | 147 | |||||||||||||||
Class I2 | 2,118,356 | 2,064,001 | — | 3,102,726 | 341,184 | |||||||||||||||
Class P | — | 135,304 | — | 1,949,968 | — | |||||||||||||||
2,370,672 | 2,392,895 | — | 6,120,002 | 341,461 | ||||||||||||||||
Shares redeemed: | ||||||||||||||||||||
Class A | (662,179 | ) | (1,608,349 | ) | (2,328,084 | ) | (4,702,537 | ) | (441 | ) | ||||||||||
Class B | (35,557 | ) | (74,121 | ) | (124,487 | ) | (188,556 | ) | — | |||||||||||
Class C | (231,210 | ) | (289,235 | ) | (312,231 | ) | (491,461 | ) | — | |||||||||||
Class I | (753,589 | ) | (1,044,572 | ) | (4,525,702 | ) | (5,798,881 | ) | (26,855 | ) | ||||||||||
Class I2 | (10,890,102 | ) | (4,311,157 | ) | (1,366,672 | ) | (9,119,321 | ) | (1,980,805 | ) | ||||||||||
Class T | — | — | (160,360 | ) | (271,255 | ) | — | |||||||||||||
Class P | — | (1,402,789 | ) | — | (10,523,115 | ) | — | |||||||||||||
(12,572,637 | ) | (8,730,223 | ) | (8,817,536 | ) | (31,095,126 | ) | (2,008,101 | ) |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 115
STATEMENTS OF CHANGES IN NET ASSETS (continued)
For the period and year ended:
Transamerica Capital Growth | Transamerica Diversified Equity | Transamerica Dividend Focused | ||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | April 30, 2013 (unaudited) | October 31, 2012 | April 30, 2013 (unaudited) (A) | ||||||||||||||||
Automatic conversions: | ||||||||||||||||||||
Class A | 29,889 | 125,322 | 121,235 | 338,131 | — | |||||||||||||||
Class B | (32,928 | ) | (137,013 | ) | (122,898 | ) | (341,053 | ) | — | |||||||||||
(3,039 | ) | (11,691 | ) | (1,663 | ) | (2,922 | ) | — | ||||||||||||
Class level conversions: | ||||||||||||||||||||
Class I | — | 3,294,764 | — | 3,418,077 | — | |||||||||||||||
Class P | — | (3,328,044 | ) | — | (3,434,720 | ) | — | |||||||||||||
— | (33,280 | ) | — | (16,643 | ) | — | ||||||||||||||
Net increase (decrease) in shares outstanding: | ||||||||||||||||||||
Class A | (269,663 | ) | 18,292 | (1,687,979 | ) | 26,079,723 | 28,071 | |||||||||||||
Class B | (43,923 | ) | (146,797 | ) | (199,987 | ) | 1,187,702 | — | ||||||||||||
Class C | (119,065 | ) | 274,506 | (255,263 | ) | 2,303,615 | 31,558 | |||||||||||||
Class I | (355,543 | ) | 4,380,236 | (4,192,782 | ) | 22,736,894 | 113,972 | |||||||||||||
Class I2 | (8,433,021 | ) | 13,382,850 | (661,656 | ) | 22,722,665 | 91,845,482 | |||||||||||||
Class T | — | — | (147,357 | ) | 2,857,509 | — | ||||||||||||||
Class P | — | (4,302,483 | ) | — | (11,891,688 | ) | — | |||||||||||||
(9,221,215 | ) | 13,606,604 | (7,145,024 | ) | 65,996,420 | 92,019,083 |
(A) | Commenced operations January 4, 2013. |
(B) | Rounds to less than $1. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 116
STATEMENTS OF CHANGES IN NET ASSETS (continued)
For the period and year ended:
Transamerica Emerging Markets Debt | Transamerica Emerging Markets Equity | Transamerica Enhanced Muni | ||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | April 30, 2013 (unaudited) | October 31, 2012 (B) | April 30, 2013 (unaudited) (A) | ||||||||||||||||
From operations: | ||||||||||||||||||||
Net investment income | $ | 19,881,736 | $ | 12,008,317 | $ | 441,569 | $ | 730,667 | $ | 76,811 | ||||||||||
Net realized gain (loss) from investment securities and foreign currency transactions | 18,641,044 | 14,666,783 | 1,410,831 | (5,280,264 | ) | 53,060 | ||||||||||||||
Net change in unrealized appreciation (depreciation) on investment securities and foreign currency translations | 9,503,103 | 14,521,638 | 8,939,944 | 1,970,232 | 250,681 | |||||||||||||||
Net increase (decrease) in net assets resulting from operations | 48,025,883 | 41,196,738 | 10,792,344 | (2,579,365 | ) | 380,552 | ||||||||||||||
Distributions to shareholders: | ||||||||||||||||||||
From net investment income: | ||||||||||||||||||||
Class A | (3,195,592 | ) | (883,242 | ) | (836 | ) | — | (22,320 | ) | |||||||||||
Class C | (476,612 | ) | (179,255 | ) | — | — | (6,521 | ) | ||||||||||||
Class I | (2,081,848 | ) | (427,524 | ) | (1,251 | ) | — | (49,759 | ) | |||||||||||
Class I2 | (15,588,590 | ) | (7,884,719 | ) | (777,953 | ) | — | — | ||||||||||||
(21,342,642 | ) | (9,374,740 | ) | (780,040 | ) | — | (78,600 | ) | ||||||||||||
From net realized gains: | ||||||||||||||||||||
Class A | (2,255,450 | ) | — | — | — | — | ||||||||||||||
Class C | (280,946 | ) | — | — | — | — | ||||||||||||||
Class I | (1,051,779 | ) | — | — | — | — | ||||||||||||||
Class I2 | (11,406,660 | ) | — | — | — | — | ||||||||||||||
(14,994,835 | ) | — | — | — | — | |||||||||||||||
Total distributions to shareholders | (36,337,477 | ) | (9,374,740 | ) | (780,040 | ) | — | (78,600 | ) | |||||||||||
Capital share transactions: | ||||||||||||||||||||
Proceeds from shares sold: | ||||||||||||||||||||
Class A | 128,980,152 | 60,495,482 | 138,334 | 317,479 | 3,935,607 | |||||||||||||||
Class C | 20,610,521 | 9,144,349 | 83,353 | 268,877 | 1,143,304 | |||||||||||||||
Class I | 120,426,722 | 44,858,033 | 302,241 | 316,870 | 9,264,308 | |||||||||||||||
Class I2 | 79,900,443 | 404,841,889 | 112,069,273 | 110,539,611 | — | |||||||||||||||
349,917,838 | 519,339,753 | 112,593,201 | 111,442,837 | 14,343,219 | ||||||||||||||||
Dividends and distributions reinvested: | ||||||||||||||||||||
Class A | 5,199,058 | 756,150 | 836 | — | 20,442 | |||||||||||||||
Class C | 596,876 | 148,705 | — | — | 6,142 | |||||||||||||||
Class I | 2,015,302 | 362,106 | 1,251 | — | 48,763 | |||||||||||||||
Class I2 | 26,995,250 | 7,884,719 | 777,953 | — | — | |||||||||||||||
34,806,486 | 9,151,680 | 780,040 | — | 75,347 | ||||||||||||||||
Cost of shares redeemed: | ||||||||||||||||||||
Class A | (52,698,147 | ) | (6,621,195 | ) | (17,090 | ) | (3,557 | ) | (543,013 | ) | ||||||||||
Class C | (1,420,497 | ) | (630,711 | ) | (11,720 | ) | — | (30,648 | ) | |||||||||||
Class I | (51,522,264 | ) | (2,967,161 | ) | (4,490 | ) | — | (1,197,402 | ) | |||||||||||
Class I2 | (32,730,136 | ) | (27,547,054 | ) | (7,333,535 | ) | (819,779 | ) | — | |||||||||||
(138,371,044 | ) | (37,766,121 | ) | (7,366,835 | ) | (823,336 | ) | (1,771,063 | ) | |||||||||||
Net increase in net assets resulting from capital shares transactions | 246,353,280 | 490,725,312 | 106,006,406 | 110,619,501 | 12,647,503 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net increase in net assets | 258,041,686 | 522,547,310 | 116,018,710 | 108,040,136 | 12,949,455 | |||||||||||||||
Net assets: | ||||||||||||||||||||
Beginning of period | 623,116,106 | 100,568,796 | 108,040,136 | — | — | |||||||||||||||
End of period | $ | 881,157,792 | $ | 623,116,106 | $ | 224,058,846 | $ | 108,040,136 | $ | 12,949,455 | ||||||||||
Undistributed (accumulated) net investment income (loss) | $ | 2,487,186 | $ | 3,948,092 | $ | 371,129 | $ | 709,600 | $ | (1,789 | ) | |||||||||
Share activity: | ||||||||||||||||||||
Shares issued: | ||||||||||||||||||||
Class A | 11,082,038 | 5,571,798 | 13,635 | 32,393 | 377,707 | |||||||||||||||
Class C | 1,774,178 | 857,601 | 8,211 | 26,977 | 110,804 | |||||||||||||||
Class I | 10,328,372 | 4,030,089 | 29,355 | 32,050 | 888,932 | |||||||||||||||
Class I2 | 6,828,611 | 36,093,880 | 11,024,087 | 11,448,300 | — | |||||||||||||||
30,013,199 | 46,553,368 | 11,075,288 | 11,539,720 | 1,377,443 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 117
STATEMENTS OF CHANGES IN NET ASSETS (continued)
For the period and year ended:
Transamerica Emerging Markets Debt | Transamerica Emerging Markets Equity | Transamerica Enhanced Muni | ||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | April 30, 2013 (unaudited) | October 31, 2012 (B) | April 30, 2013 (unaudited) (A) | ||||||||||||||||
Shares issued-reinvested from dividends and distributions: | ||||||||||||||||||||
Class A | 452,464 | 71,137 | 84 | — | 1,950 | |||||||||||||||
Class C | 52,048 | 14,187 | — | — | 589 | |||||||||||||||
Class I | 175,089 | 33,717 | 126 | — | 4,613 | |||||||||||||||
Class I2 | 2,345,129 | 744,990 | 78,187 | — | — | |||||||||||||||
3,024,730 | 864,031 | 78,397 | — | 7,152 | ||||||||||||||||
Shares redeemed: | ||||||||||||||||||||
Class A | (4,546,306 | ) | (603,472 | ) | (1,649 | ) | (376 | ) | (51,416 | ) | ||||||||||
Class C | (122,723 | ) | (58,765 | ) | (1,178 | ) | — | (2,921 | ) | |||||||||||
Class I | (4,390,924 | ) | (275,254 | ) | (439 | ) | — | (113,303 | ) | |||||||||||
Class I2 | (2,813,180 | ) | (2,624,896 | ) | (715,588 | ) | (90,286 | ) | — | |||||||||||
(11,873,133 | ) | (3,562,387 | ) | (718,854 | ) | (90,662 | ) | (167,640 | ) | |||||||||||
Net increase (decrease) in shares outstanding: | ||||||||||||||||||||
Class A | 6,988,196 | 5,039,463 | 12,070 | 32,017 | 328,241 | |||||||||||||||
Class C | 1,703,503 | 813,023 | 7,033 | 26,977 | 108,472 | |||||||||||||||
Class I | 6,112,537 | 3,788,552 | 29,042 | 32,050 | 780,242 | |||||||||||||||
Class I2 | 6,360,560 | 34,213,974 | 10,386,686 | 11,358,014 | — | |||||||||||||||
21,164,796 | 43,855,012 | 10,434,831 | 11,449,058 | 1,216,955 |
(A) | Commenced operations October 31, 2012. |
(B) | Commenced operations April 30, 2012. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 118
STATEMENTS OF CHANGES IN NET ASSETS (continued)
For the period and year ended:
Transamerica Flexible Income | Transamerica Growth Opportunities | Transamerica High Yield Bond | ||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | April 30, 2013 (unaudited) | October 31, 2012 | April 30, 2013 (unaudited) | October 31, 2012 | |||||||||||||||||||
From operations: | ||||||||||||||||||||||||
Net investment income | $ | 5,811,094 | $ | 13,779,643 | $ | 1,548,233 | $ | 3,885,551 | $ | 20,031,368 | $ | 45,463,452 | ||||||||||||
Net realized gain (loss) from investment securities and foreign currency transactions | 1,749,390 | 1,977,553 | (4,956,365 | ) | 5,406,597 | 9,542,580 | 22,752,011 | |||||||||||||||||
Net change in unrealized appreciation (depreciation) on investment securities and foreign currency translations | 5,954,713 | 14,829,221 | 102,858,472 | (43,451,903 | ) | 20,010,163 | 24,399,502 | |||||||||||||||||
Net increase (decrease) in net assets resulting from operations | 13,515,197 | 30,586,417 | 99,450,340 | (34,159,755 | ) | 49,584,111 | 92,614,965 | |||||||||||||||||
Distributions to shareholders: | ||||||||||||||||||||||||
From net investment income: | ||||||||||||||||||||||||
Class A | (1,943,761 | ) | (3,528,286 | ) | (257,012 | ) | (2,158 | ) | (8,072,806 | ) | (15,588,955 | ) | ||||||||||||
Class B | (130,916 | ) | (278,694 | ) | — | — | (243,533 | ) | (535,898 | ) | ||||||||||||||
Class C | (1,823,666 | ) | (2,683,572 | ) | — | — | (2,219,543 | ) | (3,731,777 | ) | ||||||||||||||
Class I | (1,023,978 | ) | (1,385,259 | ) | (675,466 | ) | (17,907 | ) | (3,251,916 | ) | (5,331,170 | ) | ||||||||||||
Class I2 | (1,534,762 | ) | (6,246,218 | ) | (4,186,161 | ) | (251,448 | ) | (7,262,233 | ) | (21,623,534 | ) | ||||||||||||
Class P | — | — | — | — | — | (255,076 | ) | |||||||||||||||||
(6,457,083 | ) | (14,122,029 | ) | (5,118,639 | ) | (271,513 | ) | (21,050,031 | ) | (47,066,410 | ) | |||||||||||||
From net realized gains: | ||||||||||||||||||||||||
Class A | — | — | (901,789 | ) | (21,107,697 | ) | — | — | ||||||||||||||||
Class B | — | — | (60,750 | ) | (2,052,683 | ) | — | — | ||||||||||||||||
Class C | — | — | (118,782 | ) | (3,163,826 | ) | — | — | ||||||||||||||||
Class I | — | — | (704,338 | ) | (1,977,019 | ) | — | — | ||||||||||||||||
Class I2 | — | — | (3,690,555 | ) | (21,955,739 | ) | — | — | ||||||||||||||||
Class P | — | — | — | (20,068,508 | ) | — | — | |||||||||||||||||
— | — | (5,476,214 | ) | (70,325,472 | ) | — | — | |||||||||||||||||
Total distributions to shareholders | (6,457,083 | ) | (14,122,029 | ) | (10,594,853 | ) | (70,596,985 | ) | (21,050,031 | ) | (47,066,410 | ) | ||||||||||||
Capital share transactions: | ||||||||||||||||||||||||
Proceeds from shares sold: | ||||||||||||||||||||||||
Class A | 24,076,722 | 25,018,408 | 1,631,486 | 10,256,642 | 153,053,545 | 217,329,555 | ||||||||||||||||||
Class B | 681,868 | 1,286,234 | 187,287 | 446,202 | 741,252 | 1,151,723 | ||||||||||||||||||
Class C | 35,858,439 | 48,106,343 | 406,165 | 1,066,125 | 17,047,967 | 36,683,708 | ||||||||||||||||||
Class I | 37,485,872 | 19,263,089 | 2,471,032 | 54,794,058 | 46,173,681 | 96,649,557 | ||||||||||||||||||
Class I2 | 308,283 | 16,945,180 | 21,089,479 | 87,359,373 | 4,699,293 | 27,611,681 | ||||||||||||||||||
Class P | — | — | — | 2,657,869 | — | 15,312,982 | ||||||||||||||||||
98,411,184 | 110,619,254 | 25,785,449 | 156,580,269 | 221,715,738 | 394,739,206 | |||||||||||||||||||
Issued from fund acquisition: | ||||||||||||||||||||||||
Class I2 | — | — | — | 274,997,568 | — | — | ||||||||||||||||||
— | — | — | 274,997,568 | — | — | |||||||||||||||||||
Dividends and distributions reinvested: | ||||||||||||||||||||||||
Class A | 1,717,925 | 2,990,538 | 1,148,525 | 20,745,805 | 7,490,234 | 13,362,486 | ||||||||||||||||||
Class B | 117,431 | 237,332 | 59,946 | 2,005,882 | 223,748 | 461,730 | ||||||||||||||||||
Class C | 945,483 | 1,514,122 | 115,797 | 2,974,135 | 1,866,474 | 2,808,258 | ||||||||||||||||||
Class I | 589,856 | 707,397 | 1,372,506 | 1,687,038 | 2,654,432 | 4,105,858 | ||||||||||||||||||
Class I2 | 1,534,762 | 6,246,218 | 7,876,716 | 22,207,188 | 7,262,233 | 21,623,534 | ||||||||||||||||||
Class P | — | — | — | 19,936,423 | — | 246,783 | ||||||||||||||||||
4,905,457 | 11,695,607 | 10,573,490 | 69,556,471 | 19,497,121 | 42,608,649 | |||||||||||||||||||
Cost of shares redeemed: | ||||||||||||||||||||||||
Class A | (10,569,422 | ) | (21,493,833 | ) | (9,353,626 | ) | (21,694,632 | ) | (83,952,587 | ) | (219,318,295 | ) | ||||||||||||
Class B | (1,089,719 | ) | (1,125,300 | ) | (421,203 | ) | (1,132,523 | ) | (707,141 | ) | (1,219,359 | ) | ||||||||||||
Class C | (28,915,215 | ) | (21,718,196 | ) | (1,420,839 | ) | (3,648,616 | ) | (9,194,677 | ) | (15,609,418 | ) | ||||||||||||
Class I | (9,513,241 | ) | (10,012,163 | ) | (18,590,389 | ) | (28,552,291 | ) | (44,885,161 | ) | (109,608,378 | ) | ||||||||||||
Class I2 | (73,474,761 | ) | (10,677,231 | ) | (17,942,569 | ) | (50,946,632 | ) | (60,629,102 | ) | (208,758,316 | ) | ||||||||||||
Class P | — | — | — | (53,917,154 | ) | — | (9,723,844 | ) | ||||||||||||||||
(123,562,358 | ) | (65,026,723 | ) | (47,728,626 | ) | (159,891,848 | ) | (199,368,668 | ) | (564,237,610 | ) | |||||||||||||
Automatic conversions: | ||||||||||||||||||||||||
Class A | 160,383 | 1,208,343 | 572,367 | 2,959,267 | 184,726 | 1,219,233 | ||||||||||||||||||
Class B | (160,383 | ) | (1,208,343 | ) | (572,367 | ) | (2,959,267 | ) | (184,726 | ) | (1,219,233 | ) | ||||||||||||
— | — | — | — | — | — | |||||||||||||||||||
Class level conversions: | ||||||||||||||||||||||||
Class I | — | — | — | 50,879,546 | — | 25,615,165 | ||||||||||||||||||
Class P | — | — | — | (50,879,546 | ) | — | (25,615,165 | ) | ||||||||||||||||
— | — | — | — | — | — |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 119
STATEMENTS OF CHANGES IN NET ASSETS (continued)
For the period and year ended:
Transamerica Flexible Income | Transamerica Growth Opportunities | Transamerica High Yield Bond | ||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | April 30, 2013 (unaudited) | October 31, 2012 | April 30, 2013 (unaudited) | October 31, 2012 | |||||||||||||||||||
Fair fund settlement: | ||||||||||||||||||||||||
Class A | — | — | — | 8,476 | — | 745 | ||||||||||||||||||
Class B | — | — | — | 751 | — | 34 | ||||||||||||||||||
Class C | — | — | — | 1,157 | — | 187 | ||||||||||||||||||
Class I | — | — | — | 819 | — | 150 | ||||||||||||||||||
Class I2 | — | — | — | 9,257 | — | 1,410 | ||||||||||||||||||
Class P | — | — | — | 8,112 | — | 50 | ||||||||||||||||||
— | — | — | 28,572 | — | 2,576 | |||||||||||||||||||
Net increase (decrease) in net assets resulting from capital shares transactions | (20,245,717 | ) | 57,288,138 | (11,369,687 | ) | 341,271,032 | 41,844,191 | (126,887,179 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net increase (decrease) in net assets | (13,187,603 | ) | 73,752,526 | 77,485,800 | 236,514,292 | 70,378,271 | (81,338,624 | ) | ||||||||||||||||
Net assets: | ||||||||||||||||||||||||
Beginning of period | 325,569,968 | 251,817,442 | 585,938,836 | 349,424,544 | 696,422,993 | 777,761,617 | ||||||||||||||||||
End of period | $ | 312,382,365 | $ | 325,569,968 | $ | 663,424,636 | $ | 585,938,836 | $ | 766,801,264 | $ | 696,422,993 | ||||||||||||
Undistributed (accumulated) net investment income (loss) | $ | 167,209 | $ | 813,198 | $ | (193,301 | ) | $ | 3,377,105 | $ | (5,985 | ) | $ | 1,012,679 | ||||||||||
Share activity: | ||||||||||||||||||||||||
Shares issued: | ||||||||||||||||||||||||
Class A | 2,530,253 | 2,761,028 | 185,435 | 1,192,439 | 15,587,061 | 23,582,645 | ||||||||||||||||||
Class B | 72,317 | 141,731 | 24,404 | 57,909 | 75,956 | 124,236 | ||||||||||||||||||
Class C | 3,824,305 | 5,308,862 | 52,714 | 136,258 | 1,751,359 | 3,984,713 | ||||||||||||||||||
Class I | 3,938,163 | 2,120,940 | 268,092 | 5,948,923 | 4,688,737 | 10,432,723 | ||||||||||||||||||
Class I2 | 32,593 | 1,842,360 | 2,216,980 | 9,112,718 | 478,076 | 2,962,611 | ||||||||||||||||||
Class P | — | — | — | 298,679 | — | 1,704,433 | ||||||||||||||||||
10,397,631 | 12,174,921 | 2,747,625 | 16,746,926 | 22,581,189 | 42,791,361 | |||||||||||||||||||
Shares issued on fund acquisition: | ||||||||||||||||||||||||
Class I2 | — | — | — | 29,633,359 | — | — | ||||||||||||||||||
— | — | — | 29,633,359 | — | — | |||||||||||||||||||
Shares issued-reinvested from dividends and distributions: | ||||||||||||||||||||||||
Class A | 181,881 | 331,518 | 136,405 | 2,690,766 | 765,524 | 1,451,629 | ||||||||||||||||||
Class B | 12,445 | 26,337 | 8,046 | 292,403 | 22,873 | 50,202 | ||||||||||||||||||
Class C | 100,735 | 168,665 | 15,440 | 431,034 | 191,478 | 305,264 | ||||||||||||||||||
Class I | 62,232 | 78,329 | 155,085 | 208,276 | 269,502 | 441,609 | ||||||||||||||||||
Class I2 | 162,249 | 691,019 | 884,031 | 2,724,808 | 737,331 | 2,345,315 | ||||||||||||||||||
Class P | — | — | — | 2,562,522 | — | 28,013 | ||||||||||||||||||
519,542 | 1,295,868 | 1,199,007 | 8,909,809 | 1,986,708 | 4,622,032 | |||||||||||||||||||
Shares redeemed: | ||||||||||||||||||||||||
Class A | (1,119,473 | ) | (2,379,156 | ) | (1,070,636 | ) | (2,495,976 | ) | (8,636,347 | ) | (24,047,986 | ) | ||||||||||||
Class B | (115,164 | ) | (125,119 | ) | (54,968 | ) | (147,122 | ) | (72,335 | ) | (132,269 | ) | ||||||||||||
Class C | (3,078,903 | ) | (2,409,939 | ) | (185,759 | ) | (480,977 | ) | (943,219 | ) | (1,705,004 | ) | ||||||||||||
Class I | (1,004,759 | ) | (1,101,400 | ) | (2,045,955 | ) | (3,219,364 | ) | (4,591,094 | ) | (12,140,731 | ) | ||||||||||||
Class I2 | (7,815,108 | ) | (1,177,644 | ) | (2,010,754 | ) | (5,503,416 | ) | (6,150,668 | ) | (22,452,882 | ) | ||||||||||||
Class P | — | — | — | (6,139,753 | ) | — | (1,107,291 | ) | ||||||||||||||||
(13,133,407 | ) | (7,193,258 | ) | (5,368,072 | ) | (17,986,608 | ) | (20,393,663 | ) | (61,586,163 | ) | |||||||||||||
Automatic conversions: | ||||||||||||||||||||||||
Class A | 16,964 | 133,809 | 65,752 | 349,188 | 18,956 | 133,433 | ||||||||||||||||||
Class B | (16,967 | ) | (133,809 | ) | (74,423 | ) | (392,271 | ) | (18,954 | ) | (133,440 | ) | ||||||||||||
(3 | ) | — | (8,671 | ) | (43,083 | ) | 2 | (7 | ) | |||||||||||||||
Class level conversions: | ||||||||||||||||||||||||
Class I | — | — | — | 5,518,389 | — | 2,760,255 | ||||||||||||||||||
Class P | — | — | — | (5,748,127 | ) | — | (2,774,877 | ) | ||||||||||||||||
— | — | — | (229,738 | ) | — | (14,622 | ) | |||||||||||||||||
Net increase (decrease) in shares outstanding: | ||||||||||||||||||||||||
Class A | 1,609,625 | 847,199 | (683,044 | ) | 1,736,417 | 7,735,194 | 1,119,721 | |||||||||||||||||
Class B | (47,369 | ) | (90,860 | ) | (96,941 | ) | (189,081 | ) | 7,540 | (91,271 | ) | |||||||||||||
Class C | 846,137 | 3,067,588 | (117,605 | ) | 86,315 | 999,618 | 2,584,973 | |||||||||||||||||
Class I | 2,995,636 | 1,097,869 | (1,622,778 | ) | 8,456,224 | 367,145 | 1,493,856 | |||||||||||||||||
Class I2 | (7,620,266 | ) | 1,355,735 | 1,090,257 | 35,967,469 | (4,935,261 | ) | (17,144,956 | ) | |||||||||||||||
Class P | — | — | — | (9,026,679 | ) | — | (2,149,722 | ) | ||||||||||||||||
(2,216,237 | ) | 6,277,531 | (1,430,111 | ) | 37,030,665 | 4,174,236 | (14,187,399 | ) |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 120
STATEMENTS OF CHANGES IN NET ASSETS (continued)
For the period and year ended:
Transamerica Income & Growth | Transamerica International Bond | Transamerica International Equity | ||||||||||||||||||
April 30, 2013 (unaudited) (A) | April 30, 2013 (unaudited) | October 31, 2012 | April 30, 2013 (unaudited) | October 31, 2012 | ||||||||||||||||
From operations: | ||||||||||||||||||||
Net investment income | $ | 6,214,531 | $ | 1,461,418 | $ | 4,698,126 | $ | 4,036,224 | $ | 4,379,261 | ||||||||||
Net realized gain (loss) from investment securities, futures and foreign currency transactions | 149,822 | (9,436,318 | ) | 921,779 | 3,127,073 | 732,691 | ||||||||||||||
Net change in unrealized appreciation (depreciation) on investment securities, futures and foreign currency translations | 23,279,943 | (1,048,741 | ) | (1,463,211 | ) | 40,325,635 | 14,710,738 | |||||||||||||
Net increase (decrease) in net assets resulting from operations | 29,644,296 | (9,023,641 | ) | 4,156,694 | 47,488,932 | 19,822,690 | ||||||||||||||
Distributions to shareholders: | ||||||||||||||||||||
From net investment income: | ||||||||||||||||||||
Class A | (43,911 | ) | (620 | ) | (408 | ) | (61,664 | ) | (12,440 | ) | ||||||||||
Class C | (47,099 | ) | (59 | ) | (403 | ) | (90,894 | ) | (5,003 | ) | ||||||||||
Class I | (184,061 | ) | (541 | ) | (407 | ) | (1,600,664 | ) | (2,012,635 | ) | ||||||||||
Class I2 | (3,307,148 | ) | (988,861 | ) | (31,208,242 | ) | (3,903,807 | ) | (1,247,304 | ) | ||||||||||
(3,582,219 | ) | (990,081 | ) | (31,209,460 | ) | (5,657,029 | ) | (3,277,382 | ) | |||||||||||
From net realized gains: | ||||||||||||||||||||
Class A | — | (1,278 | ) | — | — | — | ||||||||||||||
Class C | — | (1,543 | ) | — | — | — | ||||||||||||||
Class I | — | (782 | ) | — | — | — | ||||||||||||||
Class I2 | — | (1,445,577 | ) | (2,783,860 | ) | — | — | |||||||||||||
— | (1,449,180 | ) | (2,783,860 | ) | — | — | ||||||||||||||
Total distributions to shareholders | (3,582,219 | ) | (2,439,261 | ) | (33,993,320 | ) | (5,657,029 | ) | (3,277,382 | ) | ||||||||||
Capital share transactions: | ||||||||||||||||||||
Proceeds from shares sold: | ||||||||||||||||||||
Class A | 6,753,711 | 307,932 | 192,561 | 6,736,525 | 2,573,264 | |||||||||||||||
Class C | 8,880,535 | 50,742 | 194,713 | 4,637,684 | 4,565,686 | |||||||||||||||
Class I | 20,158,437 | 12,500 | 100,000 | 26,567,054 | 10,862,772 | |||||||||||||||
Class I2 | 342,977,866 | 783,493 | 31,859,976 | 71,600,776 | 128,848,858 | |||||||||||||||
378,770,549 | 1,154,667 | 32,347,250 | 109,542,039 | 146,850,580 | ||||||||||||||||
Dividends and distributions reinvested: | ||||||||||||||||||||
Class A | 41,194 | 1,898 | 408 | 59,628 | 11,029 | |||||||||||||||
Class C | 44,749 | 1,559 | 403 | 14,908 | 5,003 | |||||||||||||||
Class I | 183,880 | 1,322 | 407 | 1,505,165 | 1,883,087 | |||||||||||||||
Class I2 | 3,307,148 | 2,434,438 | 33,992,102 | 3,903,807 | 1,247,304 | |||||||||||||||
3,576,971 | 2,439,217 | 33,993,320 | 5,483,508 | 3,146,423 | ||||||||||||||||
Cost of shares redeemed: | ||||||||||||||||||||
Class A | (326,638 | ) | (98,273 | ) | (31,214 | ) | (2,869,707 | ) | (218,736 | ) | ||||||||||
Class C | (370,861 | ) | — | — | (206,954 | ) | (64,552 | ) | ||||||||||||
Class I | (1,756,304 | ) | (12,357 | ) | — | (5,697,460 | ) | (8,532,781 | ) | |||||||||||
Class I2 | (10 | ) | (9,487,312 | ) | (317,984,100 | ) | (5,953,975 | ) | (19,398,152 | ) | ||||||||||
(2,453,813 | ) | (9,597,942 | ) | (318,015,314 | ) | (14,728,096 | ) | (28,214,221 | ) | |||||||||||
Net increase (decrease) in net assets resulting from capital shares transactions | 379,893,707 | (6,004,058 | ) | (251,674,744 | ) | 100,297,451 | 121,782,782 | |||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net increase (decrease) in net assets | 405,955,784 | (17,466,960 | ) | (281,511,370 | ) | 142,129,354 | 138,328,090 | |||||||||||||
Net assets: | ||||||||||||||||||||
Beginning of period | — | 193,780,267 | 475,291,637 | 263,982,191 | 125,654,101 | |||||||||||||||
End of period | $ | 405,955,784 | $ | 176,313,307 | $ | 193,780,267 | $ | 406,111,545 | $ | 263,982,191 | ||||||||||
Undistributed net investment income | $ | 2,632,312 | $ | (3,586,180 | ) | $ | (4,057,517 | ) | $ | 2,305,091 | $ | 3,925,896 | ||||||||
Share activity: | ||||||||||||||||||||
Shares issued: | ||||||||||||||||||||
Class A | 629,142 | 30,787 | 18,717 | 439,135 | 184,272 | |||||||||||||||
Class C | 828,758 | 5,216 | 18,953 | 304,682 | 333,732 | |||||||||||||||
Class I | 1,950,731 | 1,189 | 9,718 | 1,678,339 | 782,114 | |||||||||||||||
Class I2 | 32,959,193 | 78,203 | 3,057,240 | 4,605,315 | 9,234,491 | |||||||||||||||
36,367,824 | 115,395 | 3,104,628 | 7,027,471 | 10,534,609 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 121
STATEMENTS OF CHANGES IN NET ASSETS (continued)
For the period and year ended:
Transamerica Income & Growth | Transamerica International Bond | Transamerica International Equity | ||||||||||||||||||
April 30, 2013 (unaudited) (A) | April 30, 2013 (unaudited) | October 31, 2012 | April 30, 2013 (unaudited) | October 31, 2012 | ||||||||||||||||
Shares issued-reinvested from dividends and distributions: | ||||||||||||||||||||
Class A | 3,830 | 184 | 40 | 3,970 | 897 | |||||||||||||||
Class C | 4,164 | 152 | 40 | 1,000 | 408 | |||||||||||||||
Class I | 17,409 | 128 | 40 | 99,746 | 152,848 | |||||||||||||||
Class I2 | 312,082 | 236,124 | 3,364,564 | 258,873 | 101,325 | |||||||||||||||
337,485 | 236,588 | 3,364,684 | 363,589 | 255,478 | ||||||||||||||||
Shares redeemed: | ||||||||||||||||||||
Class A | (29,653 | ) | (10,101 | ) | (3,054 | ) | (181,786 | ) | (15,704 | ) | ||||||||||
Class C | (33,827 | ) | — | — | (13,671 | ) | (4,516 | ) | ||||||||||||
Class I | (163,986 | ) | (1,189 | ) | — | (372,809 | ) | (622,536 | ) | |||||||||||
Class I2 | (1 | ) | (939,066 | ) | (30,348,036 | ) | (385,109 | ) | (1,427,782 | ) | ||||||||||
(227,467 | ) | (950,356 | ) | (30,351,090 | ) | (953,375 | ) | (2,070,538 | ) | |||||||||||
Net increase (decrease) in shares outstanding: | ||||||||||||||||||||
Class A | 603,319 | 20,870 | 15,703 | 261,319 | 169,465 | |||||||||||||||
Class C | 799,095 | 5,368 | 18,993 | 292,011 | 329,624 | |||||||||||||||
Class I | 1,804,154 | 128 | 9,758 | 1,405,276 | 312,426 | |||||||||||||||
Class I2 | 33,271,274 | (624,739 | ) | (23,926,232 | ) | 4,479,079 | 7,908,034 | |||||||||||||
36,477,842 | (598,373 | ) | (23,881,778 | ) | 6,437,685 | 8,719,549 |
(A) | Commenced operations October 31, 2012. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 122
STATEMENTS OF CHANGES IN NET ASSETS (continued)
For the period and year ended:
Transamerica International Small Cap Value | Transamerica Large Cap Growth | Transamerica Large Cap Value | ||||||||||||||||||
April 30, 2013 (unaudited) (A) | April 30, 2013 (unaudited) | October 31, 2012 (B) | April 30, 2013 (unaudited) | October 31, 2012 | ||||||||||||||||
From operations: | ||||||||||||||||||||
Net investment income | $ | 1,316,956 | $ | 1,131,740 | $ | 724,702 | $ | 13,061,095 | $ | 29,115,282 | ||||||||||
Net realized gain (loss) from investment securities and foreign currency transactions | 692,626 | (756,620 | ) | (1,546,619 | ) | 91,379,645 | 89,723,517 | |||||||||||||
Net change in unrealized appreciation (depreciation) on investment securities and foreign currency translations | 8,838,943 | 18,857,345 | (962,685 | ) | 130,434,591 | 76,147,279 | ||||||||||||||
Net increase (decrease) in net assets resulting from operations | 10,848,525 | 19,232,465 | (1,784,602 | ) | 234,875,331 | 194,986,078 | ||||||||||||||
Distributions to shareholders: | ||||||||||||||||||||
From net investment income: | ||||||||||||||||||||
Class A | — | (7,452 | ) | — | (20,527 | ) | (29,423 | ) | ||||||||||||
Class C | — | (4,831 | ) | — | (10,461 | ) | (20,620 | ) | ||||||||||||
Class I | — | (5,987 | ) | — | (32,611 | ) | (173,861 | ) | ||||||||||||
Class I2 | — | (1,458,766 | ) | — | (13,522,912 | ) | (29,943,812 | ) | ||||||||||||
— | (1,477,036 | ) | — | (13,586,511 | ) | (30,167,716 | ) | |||||||||||||
From net realized gains: | ||||||||||||||||||||
Class A | — | — | — | (146,611 | ) | — | ||||||||||||||
Class C | — | — | — | (126,430 | ) | — | ||||||||||||||
Class I | — | — | — | (190,103 | ) | — | ||||||||||||||
Class I2 | — | — | — | (73,116,044 | ) | — | ||||||||||||||
— | — | — | (73,579,188 | ) | — | |||||||||||||||
Total distributions to shareholders | — | (1,477,036 | ) | — | (87,165,699 | ) | (30,167,716 | ) | ||||||||||||
Capital share transactions: | ||||||||||||||||||||
Proceeds from shares sold: | ||||||||||||||||||||
Class A | — | 812,629 | 421,615 | 2,725,363 | 1,416,036 | |||||||||||||||
Class C | — | 698,785 | 286,021 | 918,457 | 401,754 | |||||||||||||||
Class I | 1,607,848 | 33,200 | 801,987 | 695,754 | 4,171,842 | |||||||||||||||
Class I2 | 147,199,321 | 53,452,150 | 140,049,681 | 153,170,999 | 259,850,074 | |||||||||||||||
148,807,169 | 54,996,764 | 141,559,304 | 157,510,573 | 265,839,706 | ||||||||||||||||
Dividends and distributions reinvested: | ||||||||||||||||||||
Class A | — | 7,452 | — | 167,067 | 29,241 | |||||||||||||||
Class C | — | 4,831 | — | 128,216 | 15,696 | |||||||||||||||
Class I | — | 5,839 | — | 222,714 | 173,503 | |||||||||||||||
Class I2 | — | 1,458,766 | — | 86,638,956 | 29,943,812 | |||||||||||||||
— | 1,476,888 | — | 87,156,953 | 30,162,252 | ||||||||||||||||
Cost of shares redeemed: | ||||||||||||||||||||
Class A | — | (738,488 | ) | — | (1,400,913 | ) | (718,191 | ) | ||||||||||||
Class C | — | (663,931 | ) | — | (740,721 | ) | (689,596 | ) | ||||||||||||
Class I | (210,504 | ) | (579,711 | ) | (9,936 | ) | (352,905 | ) | (9,170,768 | ) | ||||||||||
Class I2 | (11 | ) | (1,079,126 | ) | (2,974,333 | ) | (56,252,687 | ) | (462,112,392 | ) | ||||||||||
(210,515 | ) | (3,061,256 | ) | (2,984,269 | ) | (58,747,226 | ) | (472,690,947 | ) | |||||||||||
Net increase (decrease) in net assets resulting from capital shares transactions | 148,596,654 | 53,412,396 | 138,575,035 | 185,920,300 | (176,688,989 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net increase (decrease) in net assets | 159,445,179 | 71,167,825 | 136,790,433 | 333,629,932 | (11,870,627 | ) | ||||||||||||||
Net assets: | ||||||||||||||||||||
Beginning of period | — | 136,790,433 | — | 1,327,225,814 | 1,339,096,441 | |||||||||||||||
End of period | $ | 159,445,179 | $ | 207,958,258 | $ | 136,790,433 | $ | 1,660,855,746 | $ | 1,327,225,814 | ||||||||||
Undistributed net investment income | $ | 1,316,956 | $ | 404,886 | $ | 750,182 | $ | 925,736 | $ | 1,451,152 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 123
STATEMENTS OF CHANGES IN NET ASSETS (continued)
For the period and year ended:
Transamerica International Small Cap Value | Transamerica Large Cap Growth | Transamerica Large Cap Value | ||||||||||||||||||
April 30, 2013 (unaudited) (A) | April 30, 2013 (unaudited) | October 31, 2012 (B) | April 30, 2013 (unaudited) | October 31, 2012 | ||||||||||||||||
Share activity: | ||||||||||||||||||||
Shares issued: | ||||||||||||||||||||
Class A | — | 80,197 | 42,533 | 223,525 | 125,579 | |||||||||||||||
Class C | — | 69,534 | 28,546 | 76,847 | 36,210 | |||||||||||||||
Class I | 153,156 | 3,256 | 80,588 | 55,755 | 367,558 | |||||||||||||||
Class I2 | 14,397,048 | 5,256,091 | 14,005,045 | 12,773,776 | 23,895,899 | |||||||||||||||
14,550,204 | 5,409,078 | 14,156,712 | 13,129,903 | 24,425,246 | ||||||||||||||||
Shares issued-reinvested from dividends and distributions: | ||||||||||||||||||||
Class A | — | 747 | — | 14,657 | 2,656 | |||||||||||||||
Class C | — | 486 | — | 11,299 | 1,448 | |||||||||||||||
Class I | — | 585 | — | 19,485 | 16,138 | |||||||||||||||
Class I2 | — | 146,169 | — | 7,581,863 | 2,750,137 | |||||||||||||||
— | 147,987 | — | 7,627,304 | 2,770,379 | ||||||||||||||||
Shares redeemed: | ||||||||||||||||||||
Class A | — | (68,908 | ) | — | (111,400 | ) | (61,899 | ) | ||||||||||||
Class C | — | (62,057 | ) | — | (59,120 | ) | (61,993 | ) | ||||||||||||
Class I | (19,692 | ) | (55,019 | ) | (968 | ) | (28,951 | ) | (844,693 | ) | ||||||||||
Class I2 | (1 | ) | (107,665 | ) | (304,984 | ) | (4,657,140 | ) | (43,604,869 | ) | ||||||||||
(19,693 | ) | (293,649 | ) | (305,952 | ) | (4,856,611 | ) | (44,573,454 | ) | |||||||||||
Net increase (decrease) in shares outstanding: | ||||||||||||||||||||
Class A | — | 12,036 | 42,533 | 126,782 | 66,336 | |||||||||||||||
Class C | — | 7,963 | 28,546 | 29,026 | (24,335 | ) | ||||||||||||||
Class I | 133,464 | (51,178 | ) | 79,620 | 46,289 | (460,997 | ) | |||||||||||||
Class I2 | 14,397,047 | 5,294,595 | 13,700,061 | 15,698,499 | (16,958,833 | ) | ||||||||||||||
14,530,511 | 5,263,416 | 13,850,760 | 15,900,596 | (17,377,829 | ) |
(A) | Commenced operations January 4, 2013. |
(B) | Commenced operations April 30, 2012. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 124
STATEMENTS OF CHANGES IN NET ASSETS (continued)
For the period and year ended:
Transamerica MLP & Energy Income | Transamerica Money Market | Transamerica Multi-Managed Balanced | ||||||||||||||||||
April 30, 2013 (unaudited) (A) | April 30, 2013 (unaudited) | October 31, 2012 | April 30, 2013 (unaudited) | October 31, 2012 | ||||||||||||||||
From operations: | ||||||||||||||||||||
Net investment income | $ | — | $ | 102,048 | $ | 34,753 | $ | 2,123,748 | $ | 4,675,549 | ||||||||||
Net realized gain from investment securities, futures, written option contracts and foreign currency transactions | — | — | — | 12,291,102 | 12,722,445 | |||||||||||||||
Net change in unrealized appreciation (depreciation) on investment securities, futures, written option contracts and foreign currency translations | — | — | — | 17,948,446 | 20,141,300 | |||||||||||||||
Net increase in net assets resulting from operations | — | 102,048 | 34,753 | 32,363,296 | 37,539,294 | |||||||||||||||
Distributions to shareholders: | ||||||||||||||||||||
From net investment income: | ||||||||||||||||||||
Class A | — | (1,511 | ) | (3,283 | ) | (778,663 | ) | (1,653,456 | ) | |||||||||||
Class B | — | (154 | ) | (417 | ) | (14,624 | ) | (61,428 | ) | |||||||||||
Class C | — | (586 | ) | (1,341 | ) | (207,769 | ) | (484,219 | ) | |||||||||||
Class I | — | (1,880 | ) | (3,038 | ) | (1,386,514 | ) | (2,453,870 | ) | |||||||||||
Class I2 | — | (98,000 | ) | (21,910 | ) | — | — | |||||||||||||
Class P | — | — | (5,170 | ) | — | (657,407 | ) | |||||||||||||
— | (102,131 | ) | (35,159 | ) | (2,387,570 | ) | (5,310,380 | ) | ||||||||||||
From net realized gains: | ||||||||||||||||||||
Class A | — | — | — | (4,393,440 | ) | (14,336,019 | ) | |||||||||||||
Class B | — | — | — | (314,260 | ) | (1,301,227 | ) | |||||||||||||
Class C | — | — | — | (2,364,203 | ) | (5,406,426 | ) | |||||||||||||
Class I | — | — | — | (5,851,179 | ) | (1,676,853 | ) | |||||||||||||
Class P | — | — | — | — | (21,640,447 | ) | ||||||||||||||
— | — | — | (12,923,082 | ) | (44,360,972 | ) | ||||||||||||||
Total distributions to shareholders | — | (102,131 | ) | (35,159 | ) | (15,310,652 | ) | (49,671,352 | ) | |||||||||||
Capital share transactions: | ||||||||||||||||||||
Proceeds from shares sold: | ||||||||||||||||||||
Class A | 250,001 | 39,537,434 | 83,735,487 | 13,420,055 | 24,777,965 | |||||||||||||||
Class B | — | 1,494,523 | 3,377,013 | 613,003 | 2,416,033 | |||||||||||||||
Class C | 250,001 | 11,325,350 | 22,812,867 | 15,505,756 | 28,526,512 | |||||||||||||||
Class I | 250,001 | 3,914,468 | 22,048,721 | 8,703,481 | 89,462,207 | |||||||||||||||
Class I2 | 30,000,010 | 853,926,956 | 829,533,478 | — | — | |||||||||||||||
Class P | — | — | 1,488,390 | — | 3,611,903 | |||||||||||||||
30,750,013 | 910,198,731 | 962,995,956 | 38,242,295 | 148,794,620 | ||||||||||||||||
Dividends and distributions reinvested: | ||||||||||||||||||||
Class A | — | 1,490 | 3,229 | 4,989,651 | 15,186,112 | |||||||||||||||
Class B | — | 145 | 403 | 317,946 | 1,315,379 | |||||||||||||||
Class C | — | 572 | 1,319 | 2,347,633 | 5,149,380 | |||||||||||||||
Class I | — | 1,880 | 2,817 | 6,870,557 | 2,682,373 | |||||||||||||||
Class I2 | — | 98,297 | 21,298 | — | — | |||||||||||||||
Class P | — | — | 5,113 | — | 22,142,260 | |||||||||||||||
— | 102,384 | 34,179 | 14,525,787 | 46,475,504 | ||||||||||||||||
Cost of shares redeemed: | ||||||||||||||||||||
Class A | — | (45,757,455 | ) | (102,998,554 | ) | (12,011,096 | ) | (21,284,736 | ) | |||||||||||
Class B | — | (2,461,695 | ) | (6,835,862 | ) | (831,719 | ) | (1,196,722 | ) | |||||||||||
Class C | — | (15,661,617 | ) | (27,500,922 | ) | (6,214,554 | ) | (8,690,407 | ) | |||||||||||
Class I | — | (4,925,790 | ) | (21,963,776 | ) | (24,905,371 | ) | (21,459,738 | ) | |||||||||||
Class I2 | — | (1,225,209,274 | ) | (194,700,954 | ) | — | — | |||||||||||||
Class P | — | — | (3,463,981 | ) | — | (93,138,368 | ) | |||||||||||||
— | (1,294,015,831 | ) | (357,464,049 | ) | (43,962,740 | ) | (145,769,971 | ) | ||||||||||||
Automatic conversions: | ||||||||||||||||||||
Class A | — | 654,223 | 2,570,448 | 771,228 | 3,038,885 | |||||||||||||||
Class B | — | (654,223 | ) | (2,570,448 | ) | (771,228 | ) | (3,038,885 | ) | |||||||||||
— | — | — | — | — | ||||||||||||||||
Class level conversions: | ||||||||||||||||||||
Class I | — | — | 25,316,693 | — | 86,887,749 | |||||||||||||||
Class P | — | — | (25,316,693 | ) | — | (86,887,749 | ) | |||||||||||||
— | — | — | — | — | ||||||||||||||||
Net increase (decrease) in net assets resulting from capital shares transactions | 30,750,013 | (383,714,716 | ) | 605,566,086 | 8,805,342 | 49,500,153 | ||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net increase (decrease) in net assets | 30,750,013 | (383,714,799 | ) | 605,565,680 | 25,857,986 | 37,368,095 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 125
STATEMENTS OF CHANGES IN NET ASSETS (continued)
For the period and year ended:
Transamerica MLP & Energy Income | Transamerica Money Market | Transamerica Multi-Managed Balanced | ||||||||||||||||||
April 30, 2013 (unaudited) (A) | April 30, 2013 (unaudited) | October 31, 2012 | April 30, 2013 (unaudited) | October 31, 2012 | ||||||||||||||||
Net assets: | ||||||||||||||||||||
Beginning of period | — | 814,405,932 | 208,840,252 | 373,916,599 | 336,548,504 | |||||||||||||||
End of period | $ | 30,750,013 | $ | 430,691,133 | $ | 814,405,932 | $ | 399,774,585 | $ | 373,916,599 | ||||||||||
Undistributed (accumulated) net investment income (loss) | $ | — | $ | (314 | ) | $ | (231 | ) | $ | 27,038 | $ | 290,860 | ||||||||
Share activity: | ||||||||||||||||||||
Shares issued: | ||||||||||||||||||||
Class A | 25,000 | 39,537,434 | 83,735,487 | 601,376 | 1,144,747 | |||||||||||||||
Class B | — | 1,494,523 | 3,377,013 | 27,541 | 112,860 | |||||||||||||||
Class C | 25,000 | 11,325,350 | 22,812,867 | 704,324 | 1,338,906 | |||||||||||||||
Class I | 25,000 | 3,914,468 | 22,048,783 | 389,502 | 4,199,332 | |||||||||||||||
Class I2 | 3,000,001 | 853,926,956 | 829,533,478 | — | — | |||||||||||||||
Class P | — | — | 1,488,328 | — | 169,890 | |||||||||||||||
3,075,001 | 910,198,731 | 962,995,956 | 1,722,743 | 6,965,735 | ||||||||||||||||
Shares issued-reinvested from dividends and distributions: | ||||||||||||||||||||
Class A | — | 1,490 | 3,229 | 231,481 | 763,613 | |||||||||||||||
Class B | — | 145 | 403 | 14,864 | 66,623 | |||||||||||||||
Class C | — | 572 | 1,319 | 110,600 | 262,061 | |||||||||||||||
Class I | — | 1,880 | 2,817 | 317,538 | 125,661 | |||||||||||||||
Class I2 | — | 98,297 | 21,298 | — | — | |||||||||||||||
Class P | — | — | 5,113 | — | 1,122,264 | |||||||||||||||
— | 102,384 | 34,179 | 674,483 | 2,340,222 | ||||||||||||||||
Shares redeemed: | ||||||||||||||||||||
Class A | — | (45,757,455 | ) | (102,998,554 | ) | (539,089 | ) | (984,833 | ) | |||||||||||
Class B | — | (2,461,695 | ) | (6,835,862 | ) | (37,614 | ) | (55,465 | ) | |||||||||||
Class C | — | (15,661,617 | ) | (27,500,922 | ) | (282,133 | ) | (410,724 | ) | |||||||||||
Class I | — | (4,925,790 | ) | (21,963,776 | ) | (1,119,157 | ) | (983,134 | ) | |||||||||||
Class I2 | — | (1,225,209,274 | ) | (194,700,954 | ) | — | — | |||||||||||||
Class P | — | — | (3,463,981 | ) | — | (4,403,489 | ) | |||||||||||||
— | (1,294,015,831 | ) | (357,464,049 | ) | (1,977,993 | ) | (6,837,645 | ) | ||||||||||||
Automatic conversions: | ||||||||||||||||||||
Class A | — | 654,223 | 2,570,448 | 34,704 | 141,348 | |||||||||||||||
Class B | — | (654,223 | ) | (2,570,448 | ) | (34,913 | ) | (142,106 | ) | |||||||||||
— | — | — | (209 | ) | (758 | ) | ||||||||||||||
Class level conversions: | ||||||||||||||||||||
Class I | — | — | 25,316,693 | — | 4,096,546 | |||||||||||||||
Class P | — | — | (25,316,693 | ) | — | (4,107,100 | ) | |||||||||||||
— | — | — | — | (10,554 | ) | |||||||||||||||
Net increase (decrease) in shares outstanding: | ||||||||||||||||||||
Class A | 25,000 | (5,564,308 | ) | (16,689,390 | ) | 328,472 | 1,064,875 | |||||||||||||
Class B | — | (1,621,250 | ) | (6,028,894 | ) | (30,122 | ) | (18,088 | ) | |||||||||||
Class C | 25,000 | (4,335,695 | ) | (4,686,736 | ) | 532,791 | 1,190,243 | |||||||||||||
Class I | 25,000 | (1,009,442 | ) | 25,404,517 | (412,117 | ) | 7,438,405 | |||||||||||||
Class I2 | 3,000,001 | (371,184,021 | ) | 634,853,822 | — | — | ||||||||||||||
Class P | — | — | (27,287,233 | ) | — | (7,218,435 | ) | |||||||||||||
3,075,001 | (383,714,716 | ) | 605,566,086 | 419,024 | 2,457,000 |
(A) | Commenced operations April 30, 2013. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 126
STATEMENTS OF CHANGES IN NET ASSETS (continued)
For the period and year ended:
Transamerica Short-Term Bond | Transamerica Small Cap Growth | Transamerica Small Cap Value | ||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | April 30, 2013 (unaudited) | October 31, 2012 (A) | April 30, 2013 (unaudited) | October 31, 2012 (B) | |||||||||||||||||||
From operations: | ||||||||||||||||||||||||
Net investment income (loss) | $ | 48,511,349 | $ | 94,532,059 | $ | 92,251 | $ | (236,549 | ) | $ | 3,155,225 | $ | 1,630,908 | |||||||||||
Net realized gain (loss) from investment securities and foreign currency transactions | 16,377,887 | 21,700,342 | (14,080,132 | ) | (2,235,519 | ) | 6,757,153 | (944,569 | ) | |||||||||||||||
Net change in unrealized appreciation (depreciation) on investment securities and foreign currency translations | 4,800,052 | 59,079,171 | 44,497,424 | (8,879,052 | ) | 51,644,276 | 2,836,974 | |||||||||||||||||
Net increase (decrease) in net assets resulting from operations | 69,689,288 | 175,311,572 | 30,509,543 | (11,351,120 | ) | 61,556,654 | 3,523,313 | |||||||||||||||||
Distributions to shareholders: | ||||||||||||||||||||||||
From net investment income: | ||||||||||||||||||||||||
Class A | (10,992,008 | ) | (25,260,292 | ) | (36 | ) | — | (1,818 | ) | — | ||||||||||||||
Class C | (8,400,120 | ) | (21,623,622 | ) | — | — | (626 | ) | — | |||||||||||||||
Class I | (5,496,689 | ) | (11,280,454 | ) | (236 | ) | — | (3,120 | ) | — | ||||||||||||||
Class I2 | (26,048,951 | ) | (39,813,904 | ) | (310,438 | ) | — | (3,059,606 | ) | — | ||||||||||||||
(50,937,768 | ) | (97,978,272 | ) | (310,710 | ) | — | (3,065,170 | ) | — | |||||||||||||||
From net realized gains: | ||||||||||||||||||||||||
Class A | (3,551,210 | ) | (5,501,610 | ) | — | — | — | — | ||||||||||||||||
Class C | (3,839,661 | ) | (6,008,755 | ) | — | — | — | — | ||||||||||||||||
Class I | (1,692,537 | ) | (1,936,001 | ) | — | — | — | — | ||||||||||||||||
Class I2 | (7,974,540 | ) | (6,846,650 | ) | — | — | — | — | ||||||||||||||||
(17,057,948 | ) | (20,293,016 | ) | — | — | — | — | |||||||||||||||||
Total distributions to shareholders | (67,995,716 | ) | (118,271,288 | ) | (310,710 | ) | — | (3,065,170 | ) | — | ||||||||||||||
Capital share transactions: | ||||||||||||||||||||||||
Proceeds from shares sold: | ||||||||||||||||||||||||
Class A | 241,787,058 | 307,910,378 | 56,611 | 251,547 | 20,120 | 271,868 | ||||||||||||||||||
Class C | 123,436,881 | 194,376,513 | 45,356 | 250,000 | 92,073 | 256,673 | ||||||||||||||||||
Class I | 137,249,707 | 253,606,422 | 39,450 | 250,000 | 14,121 | 368,750 | ||||||||||||||||||
Class I2 | 407,793,718 | 763,722,130 | 169,712,186 | 250,746,972 | 257,979,905 | 293,480,488 | ||||||||||||||||||
910,267,364 | 1,519,615,443 | 169,853,603 | 251,498,519 | 258,106,219 | 294,377,779 | |||||||||||||||||||
Dividends and distributions reinvested: | ||||||||||||||||||||||||
Class A | 13,099,314 | 26,298,697 | 36 | — | 1,818 | — | ||||||||||||||||||
Class C | 10,179,964 | 22,189,160 | — | — | 626 | — | ||||||||||||||||||
Class I | 5,058,027 | 8,680,411 | 236 | — | 3,120 | — | ||||||||||||||||||
Class I2 | 34,006,910 | 47,637,717 | 310,438 | — | 3,059,606 | — | ||||||||||||||||||
62,344,215 | 104,805,985 | 310,710 | — | 3,065,170 | — | |||||||||||||||||||
Cost of shares redeemed: | ||||||||||||||||||||||||
Class A | (189,265,226 | ) | (332,998,208 | ) | — | — | (5,337 | ) | — | |||||||||||||||
Class C | (108,588,004 | ) | (220,416,503 | ) | — | — | (4,169 | ) | — | |||||||||||||||
Class I | (110,750,360 | ) | (170,842,978 | ) | — | — | (459 | ) | (3,000 | ) | ||||||||||||||
Class I2 | (317,832,974 | ) | (237,264,647 | ) | (164,753 | ) | (47,698 | ) | (4,335,081 | ) | (8,343,928 | ) | ||||||||||||
(726,436,564 | ) | (961,522,336 | ) | (164,753 | ) | (47,698 | ) | (4,345,046 | ) | (8,346,928 | ) | |||||||||||||
Net increase in net assets resulting from capital shares transactions | 246,175,015 | 662,899,092 | 169,999,560 | 251,450,821 | 256,826,343 | 286,030,851 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net increase in net assets | 247,868,587 | 719,939,376 | 200,198,393 | 240,099,701 | 315,317,827 | 289,554,164 | ||||||||||||||||||
Net assets: | ||||||||||||||||||||||||
Beginning of period | 3,541,027,932 | 2,821,088,556 | 240,099,701 | — | 289,554,164 | — | ||||||||||||||||||
End of period | $ | 3,788,896,519 | $ | 3,541,027,932 | $ | 440,298,094 | $ | 240,099,701 | $ | 604,871,991 | $ | 289,554,164 | ||||||||||||
Undistributed net investment income | $ | (3,699,105 | ) | $ | (1,272,686 | ) | $ | (400,820 | ) | $ | (182,361 | ) | $ | 1,747,136 | $ | 1,657,081 | ||||||||
Share activity: | ||||||||||||||||||||||||
Shares issued: | ||||||||||||||||||||||||
Class A | 23,035,069 | 29,711,020 | 5,559 | 25,153 | 1,825 | 27,247 | ||||||||||||||||||
Class C | 11,780,934 | 18,798,401 | 4,522 | 25,000 | 8,424 | 25,651 | ||||||||||||||||||
Class I | 13,306,071 | 24,915,883 | 3,935 | 25,000 | 1,316 | 37,988 | ||||||||||||||||||
Class I2 | 39,495,456 | 74,830,755 | 16,688,103 | 25,504,366 | 23,817,382 | 30,201,187 | ||||||||||||||||||
87,617,530 | 148,256,059 | 16,702,119 | 25,579,519 | 23,828,947 | 30,292,073 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 127
STATEMENTS OF CHANGES IN NET ASSETS (continued)
For the period and year ended:
Transamerica Short-Term Bond | Transamerica Small Cap Growth | Transamerica Small Cap Value | ||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | April 30, 2013 (unaudited) | October 31, 2012 (A) | April 30, 2013 (unaudited) | October 31, 2012 (B) | |||||||||||||||||||
Shares issued-reinvested from dividends and distributions: | ||||||||||||||||||||||||
Class A | 1,248,954 | 2,548,518 | 4 | — | 180 | — | ||||||||||||||||||
Class C | 972,625 | 2,155,927 | — | — | 62 | — | ||||||||||||||||||
Class I | 490,666 | 854,595 | 25 | — | 310 | — | ||||||||||||||||||
Class I2 | 3,301,324 | 4,693,196 | 33,131 | — | 303,231 | — | ||||||||||||||||||
6,013,569 | 10,252,236 | 33,160 | — | 303,783 | — | |||||||||||||||||||
Shares redeemed: | ||||||||||||||||||||||||
Class A | (18,031,574 | ) | (32,204,077 | ) | — | — | (537 | ) | — | |||||||||||||||
Class C | (10,363,653 | ) | (21,344,776 | ) | — | — | (372 | ) | — | |||||||||||||||
Class I | (10,736,214 | ) | (16,780,931 | ) | — | — | (46 | ) | (315 | ) | ||||||||||||||
Class I2 | (30,815,107 | ) | (23,289,128 | ) | (16,720 | ) | (4,821 | ) | (424,087 | ) | (869,596 | ) | ||||||||||||
(69,946,548 | ) | (93,618,912 | ) | (16,720 | ) | (4,821 | ) | (425,042 | ) | (869,911 | ) | |||||||||||||
Net increase (decrease) in shares outstanding: | ||||||||||||||||||||||||
Class A | 6,252,449 | 55,461 | 5,563 | 25,153 | 1,468 | 27,247 | ||||||||||||||||||
Class C | 2,389,906 | (390,448 | ) | 4,522 | 25,000 | 8,114 | 25,651 | |||||||||||||||||
Class I | 3,060,523 | 8,989,547 | 3,960 | 25,000 | 1,580 | 37,673 | ||||||||||||||||||
Class I2 | 11,981,673 | 56,234,823 | 16,704,514 | 25,499,545 | 23,696,526 | 29,331,591 | ||||||||||||||||||
23,684,551 | 64,889,383 | 16,718,559 | 25,574,698 | 23,707,688 | 29,422,162 |
(A) | Commenced operations August 31, 2012. |
(B) | Commenced operations April 30, 2012. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 128
STATEMENTS OF CHANGES IN NET ASSETS (continued)
For the period and year ended:
Transamerica Small/Mid Cap Value | Transamerica Tactical Allocation | Transamerica Tactical Income | ||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | April 30, 2013 (unaudited) (B) | April 30, 2013 (unaudited) | October 31, 2012 (A) | ||||||||||||||||
From operations: | ||||||||||||||||||||
Net investment income | $ | 2,395,356 | $ | 2,351,657 | $ | 18,500 | $ | 15,906,117 | $ | 8,206,386 | ||||||||||
Net realized gain (loss) from investment securities and investments in investment companies | 38,902,893 | (11,851,849 | ) | (16,416 | ) | 4,459,571 | 8,875,774 | |||||||||||||
Net change in unrealized appreciation (depreciation) on investment securities and investments in investment companies | 68,142,150 | 82,859,950 | 300,315 | 22,723,092 | 1,136,796 | |||||||||||||||
Net increase in net assets resulting from operations | 109,440,399 | 73,359,758 | 302,399 | 43,088,780 | 18,218,956 | |||||||||||||||
Distributions to shareholders: | ||||||||||||||||||||
From net investment income: | ||||||||||||||||||||
Class A | (1,447,118 | ) | (12 | ) | (27,751 | ) | (9,508,816 | ) | (4,419,080 | ) | ||||||||||
Class C | — | — | (14,663 | ) | (9,652,507 | ) | (3,695,950 | ) | ||||||||||||
Class I | (965,696 | ) | — | (12,086 | ) | (8,518,200 | ) | (4,819,993 | ) | |||||||||||
Class I2 | (149,218 | ) | — | — | — | — | ||||||||||||||
(2,562,032 | ) | (12 | ) | (54,500 | ) | (27,679,523 | ) | (12,935,023 | ) | |||||||||||
From net realized gains: | ||||||||||||||||||||
Class A | — | (17,683,447 | ) | — | (1,145,016 | ) | — | |||||||||||||
Class B | — | (1,903,904 | ) | — | — | — | ||||||||||||||
Class C | — | (10,529,922 | ) | — | (1,298,064 | ) | — | |||||||||||||
Class I | — | (3,749,612 | ) | — | (1,027,731 | ) | — | |||||||||||||
Class I2 | — | (699,048 | ) | — | — | — | ||||||||||||||
— | (34,565,933 | ) | — | (3,470,811 | ) | — | ||||||||||||||
Total distributions to shareholders | (2,562,032 | ) | (34,565,945 | ) | (54,500 | ) | (31,150,334 | ) | (12,935,023 | ) | ||||||||||
Capital share transactions: | ||||||||||||||||||||
Proceeds from shares sold: | ||||||||||||||||||||
Class A | 62,790,088 | 81,626,637 | 2,533,526 | 170,851,091 | 264,641,029 | |||||||||||||||
Class B | 335,336 | 1,053,528 | — | — | — | |||||||||||||||
Class C | 22,469,345 | 34,234,046 | 2,445,676 | 193,688,242 | 281,913,481 | |||||||||||||||
Class I | 34,199,734 | 64,607,438 | 3,567,558 | 146,187,712 | 265,933,761 | |||||||||||||||
Class I2 | 1,474,840 | 2,230,036 | — | — | — | |||||||||||||||
121,269,343 | 183,751,685 | 8,546,760 | 510,727,045 | 812,488,271 | ||||||||||||||||
Dividends and distributions reinvested: | ||||||||||||||||||||
Class A | 1,399,157 | 16,432,439 | 25,414 | 9,753,531 | 3,871,084 | |||||||||||||||
Class B | — | 1,625,289 | — | — | — | |||||||||||||||
Class C | — | 8,583,461 | 14,663 | 9,631,199 | 3,147,999 | |||||||||||||||
Class I | 664,877 | 2,088,879 | 12,086 | 7,626,007 | 4,119,506 | |||||||||||||||
Class I2 | 149,218 | 699,048 | — | — | — | |||||||||||||||
2,213,252 | 29,429,116 | 52,163 | 27,010,737 | 11,138,589 | ||||||||||||||||
Cost of shares redeemed: | ||||||||||||||||||||
Class A | (56,530,986 | ) | (112,260,440 | ) | (101,808 | ) | (63,290,634 | ) | (15,687,509 | ) | ||||||||||
Class B | (2,903,934 | ) | (5,810,239 | ) | — | — | — | |||||||||||||
Class C | (20,383,175 | ) | (36,170,011 | ) | (68 | ) | (20,193,954 | ) | (7,215,078 | ) | ||||||||||
Class I | (18,865,731 | ) | (35,288,108 | ) | (447,900 | ) | (78,380,481 | ) | (31,177,861 | ) | ||||||||||
Class I2 | (808,230 | ) | (1,357,234 | ) | — | — | — | |||||||||||||
(99,492,056 | ) | (190,886,032 | ) | (549,776 | ) | (161,865,069 | ) | (54,080,448 | ) | |||||||||||
Automatic conversions: | ||||||||||||||||||||
Class A | 606,859 | 2,738,860 | — | — | — | |||||||||||||||
Class B | (606,859 | ) | (2,738,860 | ) | — | — | — | |||||||||||||
— | — | — | — | — | ||||||||||||||||
Net increase in net assets resulting from capital shares transactions | 23,990,539 | 22,294,769 | 8,049,147 | 375,872,713 | 769,546,412 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net increase in net assets | 130,868,906 | 61,088,582 | 8,297,046 | 387,811,159 | 774,830,345 | |||||||||||||||
Net assets: | ||||||||||||||||||||
Beginning of period | 681,264,675 | 620,176,093 | — | 774,830,345 | — | |||||||||||||||
End of period | $ | 812,133,581 | $ | 681,264,675 | $ | 8,297,046 | $ | 1,162,641,504 | $ | 774,830,345 | ||||||||||
Undistributed (accumulated) net investment income (loss) | $ | 2,185,391 | $ | 2,352,067 | $ | (36,000 | ) | $ | (11,804,567 | ) | $ | (31,161 | ) |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 129
STATEMENTS OF CHANGES IN NET ASSETS (continued)
For the period and year ended:
Transamerica Small/Mid Cap Value | Transamerica Tactical Allocation | Transamerica Tactical Income | ||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | April 30, 2013 (unaudited) (B) | April 30, 2013 (unaudited) | October 31, 2012 (A) | ||||||||||||||||
Share activity: | ||||||||||||||||||||
Shares issued: | ||||||||||||||||||||
Class A | 2,664,693 | 3,856,023 | 252,902 | 16,720,580 | 26,003,834 | |||||||||||||||
Class B | 15,040 | 54,380 | — | — | — | |||||||||||||||
Class C | 1,010,357 | 1,742,483 | 245,698 | 19,011,107 | 27,764,291 | |||||||||||||||
Class I | 1,444,325 | 2,987,372 | 363,733 | 14,305,748 | 26,091,533 | |||||||||||||||
Class I2 | 58,428 | 105,062 | — | — | — | |||||||||||||||
5,192,843 | 8,745,320 | 862,333 | 50,037,435 | 79,859,658 | ||||||||||||||||
Shares issued-reinvested from dividends and distributions: | ||||||||||||||||||||
Class A | 62,518 | 877,333 | 2,601 | 955,781 | 381,836 | |||||||||||||||
Class B | — | 91,772 | — | — | — | |||||||||||||||
Class C | — | 490,204 | 1,509 | 947,075 | 311,210 | |||||||||||||||
Class I | 29,123 | 109,308 | 1,247 | 747,083 | 407,089 | |||||||||||||||
Class I2 | 6,533 | 36,580 | — | — | — | |||||||||||||||
98,174 | 1,605,197 | 5,357 | 2,649,939 | 1,100,135 | ||||||||||||||||
Shares redeemed: | ||||||||||||||||||||
Class A | (2,454,576 | ) | (5,324,259 | ) | (10,160 | ) | (6,187,570 | ) | (1,541,305 | ) | ||||||||||
Class B | (131,565 | ) | (292,180 | ) | — | — | — | |||||||||||||
Class C | (944,252 | ) | (1,845,189 | ) | (4 | ) | (1,983,036 | ) | (708,457 | ) | ||||||||||
Class I | (793,205 | ) | (1,634,162 | ) | (44,597 | ) | (7,671,499 | ) | (3,068,762 | ) | ||||||||||
Class I2 | (32,576 | ) | (63,151 | ) | — | — | — | |||||||||||||
(4,356,174 | ) | (9,158,941 | ) | (54,761 | ) | (15,842,105 | ) | (5,318,524 | ) | |||||||||||
Automatic conversions: | ||||||||||||||||||||
Class A | 25,439 | 130,868 | — | — | — | |||||||||||||||
Class B | (27,024 | ) | (138,577 | ) | — | — | — | |||||||||||||
(1,585 | ) | (7,709 | ) | — | — | — | ||||||||||||||
Net increase (decrease) in shares outstanding: | ||||||||||||||||||||
Class A | 298,074 | (460,035 | ) | 245,343 | 11,488,791 | 24,844,365 | ||||||||||||||
Class B | (143,549 | ) | (284,605 | ) | — | — | — | |||||||||||||
Class C | 66,105 | 387,498 | 247,203 | 17,975,146 | 27,367,044 | |||||||||||||||
Class I | 680,243 | 1,462,518 | 320,383 | 7,381,332 | 23,429,860 | |||||||||||||||
Class I2 | 32,385 | 78,491 | — | — | — | |||||||||||||||
933,258 | 1,183,867 | 812,929 | 36,845,269 | 75,641,269 |
(A) | Includes information from inception date of October 31, 2011 through period end. |
(B) | Commenced operations October 31, 2012. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 130
STATEMENTS OF CHANGES IN NET ASSETS (continued)
For the period and year ended:
Transamerica Tactical Rotation | ||||
April 30, 2013 (unaudited) (A) | ||||
From operations: | ||||
Net investment income | $ | 2,047 | ||
Net realized gain (loss) from investment securities | (485 | ) | ||
Net change in unrealized appreciation (depreciation) on investment securities | 181,037 | |||
Net increase in net assets resulting from operations | 182,599 | |||
Distributions to shareholders: | ||||
From net investment income: | ||||
Class A | (20,490 | ) | ||
Class C | (17,020 | ) | ||
Class I | (14,990 | ) | ||
(52,500 | ) | |||
Total distributions to shareholders | (52,500 | ) | ||
Capital share transactions: | ||||
Proceeds from shares sold: | ||||
Class A | 1,973,545 | |||
Class C | 1,215,201 | |||
Class I | 911,032 | |||
4,099,778 | ||||
Dividends and distributions reinvested: | ||||
Class A | 20,490 | |||
Class C | 17,020 | |||
Class I | 14,990 | |||
52,500 | ||||
Cost of shares redeemed: | ||||
Class A | (38,096 | ) | ||
Class I | (16,628 | ) | ||
(54,724 | ) | |||
Net increase in net assets resulting from capital shares transactions | 4,097,554 | |||
|
| |||
Net increase in net assets | 4,227,653 | |||
Net assets: | ||||
Beginning of period | — | |||
End of period | $ | 4,227,653 | ||
Undistributed (accumulated) net investment income (loss) | $ | (50,453 | ) | |
Share activity: | ||||
Shares issued: | ||||
Class A | 195,262 | |||
Class C | 119,925 | |||
Class I | 90,553 | |||
405,740 | ||||
Shares issued-reinvested from dividends and distributions: | ||||
Class A | 2,119 | |||
Class C | 1,762 | |||
Class I | 1,560 | |||
5,441 | ||||
Shares redeemed: | ||||
Class A | (3,611 | ) | ||
Class I | (1,637 | ) | ||
(5,248 | ) | |||
Net increase (decrease) in shares oustanding: | ||||
Class A | 193,770 | |||
Class C | 121,687 | |||
Class I | 90,476 | |||
405,933 |
(A) | Commenced operations October 31, 2012. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 131
FINANCIAL HIGHLIGHTS
For the period and years ended:
For a share outstanding throughout each period | Transamerica Capital Growth | |||||||||||||||
Class A | ||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010(A) | |||||||||||||
Net asset value | ||||||||||||||||
Beginning of period/year | $ | 15.34 | $ | 15.47 | $ | 13.78 | $ | 11.77 | ||||||||
Investment operations | ||||||||||||||||
Net investment income (loss)(B) | — | (C) | — | (C) | (0.12 | ) | (0.09 | ) | ||||||||
Net realized and unrealized gain | 2.08 | 0.32 | 1.81 | 2.12 | ||||||||||||
Total from investment operations | 2.08 | 0.32 | 1.69 | 2.03 | ||||||||||||
Distributions | ||||||||||||||||
Net investment income | — | — | — | (0.02 | ) | |||||||||||
Net realized gain on investments | (0.36 | ) | (0.45 | ) | — | — | ||||||||||
Total distributions | (0.36 | ) | (0.45 | ) | — | (0.02 | ) | |||||||||
Net asset value | ||||||||||||||||
End of period/year | $ | 17.06 | $ | 15.34 | $ | 15.47 | $ | 13.78 | ||||||||
Total return(D) | 13.80 | %(E) | 2.38 | % | 12.34 | % | 17.24 | %(E) | ||||||||
Net assets end of period/year (000’s) | $ | 68,599 | $ | 65,782 | $ | 66,058 | $ | 48,547 | ||||||||
Ratio and supplemental data | ||||||||||||||||
Expenses to average net assets | ||||||||||||||||
After reimbursement/waiver or recapture | 1.50 | %(F) | 1.52 | % | 1.55 | % | 1.55 | %(F) | ||||||||
Before reimbursement/waiver or recapture | 1.44 | %(F) | 1.47 | % | 1.63 | % | 1.78 | %(F) | ||||||||
Net investment income (loss) to average net assets | 0.03 | %(F) | 0.01 | % | (0.76 | )% | (0.75 | )%(F) | ||||||||
Portfolio turnover rate | 13 | %(E) | 52 | % | 90 | % | 57 | %(E) |
(A) | Commenced operations November 13, 2009. |
(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. |
For a share outstanding throughout each period | Transamerica Capital Growth | |||||||||||||||
Class B | ||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010(A) | |||||||||||||
Net asset value | ||||||||||||||||
Beginning of period/year | $ | 13.96 | $ | 14.22 | $ | 12.75 | $ | 10.95 | ||||||||
Investment operations | ||||||||||||||||
Net investment loss(B) | (0.05 | ) | (0.10 | ) | (0.20 | ) | (0.15 | ) | ||||||||
Net realized and unrealized gain | 1.90 | 0.29 | 1.67 | 1.96 | ||||||||||||
Total from investment operations | 1.85 | 0.19 | 1.47 | 1.81 | ||||||||||||
Distributions | ||||||||||||||||
Net investment income | — | — | (C) | — | (0.01 | ) | ||||||||||
Net realized gain on investments | (0.36 | ) | (0.45 | ) | — | — | ||||||||||
Total distributions | (0.36 | ) | (0.45 | ) | — | (0.01 | ) | |||||||||
Net asset value | ||||||||||||||||
End of period/year | $ | 15.45 | $ | 13.96 | $ | 14.22 | $ | 12.75 | ||||||||
Total return(D) | 13.50 | %(E) | 1.65 | % | 11.61 | % | 16.51 | %(E) | ||||||||
Net assets at end of period/year (000’s) | $ | 5,513 | $ | 5,596 | $ | 7,786 | $ | 9,916 | ||||||||
Ratio and supplemental data | ||||||||||||||||
Expenses to average net assets | ||||||||||||||||
After reimbursement/waiver or recapture | 2.20 | %(F) | 2.20 | % | 2.20 | % | 2.20 | %(F) | ||||||||
Before reimbursement/waiver or recapture | 2.35 | %(F) | 2.33 | % | 2.45 | % | 2.51 | %(F) | ||||||||
Net investment income (loss) to average net assets | (0.67 | )%(F) | (0.73 | )% | (1.41 | )% | (1.36 | )%(F) | ||||||||
Portfolio turnover rate | 13 | %(E) | 52 | % | 90 | % | 57 | %(E) |
(A) | Commenced operations November 13, 2009. |
(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. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 132
FINANCIAL HIGHLIGHTS (continued)
For the period and years ended:
For a share outstanding throughout each period | Transamerica Capital Growth | |||||||||||||||
Class C | ||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010(A) | |||||||||||||
Net asset value | ||||||||||||||||
Beginning of period/year | $ | 13.96 | $ | 14.20 | $ | 12.74 | $ | 10.94 | ||||||||
Investment operations | ||||||||||||||||
Net investment loss(B) | (0.04 | ) | (0.08 | ) | (0.20 | ) | (0.15 | ) | ||||||||
Net realized and unrealized gain | 1.90 | 0.29 | 1.66 | 1.96 | ||||||||||||
Total from investment operations | 1.86 | 0.21 | 1.46 | 1.81 | ||||||||||||
Distributions | ||||||||||||||||
Net investment income | — | — | (C) | — | (0.01 | ) | ||||||||||
Net realized gain on investments | (0.36 | ) | (0.45 | ) | — | — | ||||||||||
Total distributions | (0.36 | ) | (0.45 | ) | — | (0.01 | ) | |||||||||
Net asset value | ||||||||||||||||
End of period/year | $ | 15.46 | $ | 13.96 | $ | 14.20 | $ | 12.74 | ||||||||
Total return(D) | 13.58 | %(E) | 1.80 | % | 11.62 | % | 16.53 | %(E) | ||||||||
Net assets at end of period/year (000’s) | $ | 20,090 | $ | 19,809 | $ | 16,252 | $ | 12,814 | ||||||||
Ratio and supplemental data | ||||||||||||||||
Expenses to average net assets | ||||||||||||||||
After reimbursement/waiver or recapture | 2.07 | %(F) | 2.08 | % | 2.20 | % | 2.20 | %(F) | ||||||||
Before reimbursement/waiver or recapture | 2.07 | %(F) | 2.06 | % | 2.18 | % | 2.26 | %(F) | ||||||||
Net investment income (loss) to average net assets | (0.54 | )%(F) | (0.54 | )% | (1.41 | )% | (1.39 | )%(F) | ||||||||
Portfolio turnover rate | 13 | %(E) | 52 | % | 90 | % | 57 | %(E) |
(A) | Commenced operations November 13, 2009. |
(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. |
For a share outstanding throughout each period | Transamerica Capital Growth | |||||||||||||||
Class I | ||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010(A) | |||||||||||||
Net asset value | ||||||||||||||||
Beginning of period/year | $ | 15.61 | $ | 15.66 | $ | 13.89 | $ | 11.64 | ||||||||
Investment operations | ||||||||||||||||
Net investment income (loss)(B) | 0.05 | 0.11 | (0.06 | ) | (0.06 | ) | ||||||||||
Net realized and unrealized gain | 2.11 | 0.30 | 1.83 | 2.33 | ||||||||||||
Total from investment operations | 2.16 | 0.41 | 1.77 | 2.27 | ||||||||||||
Distributions | ||||||||||||||||
Net investment income | (0.08 | ) | (0.01 | ) | — | (0.02 | ) | |||||||||
Net realized gain on investments | (0.36 | ) | (0.45 | ) | — | — | ||||||||||
Total distributions | (0.44 | ) | (0.46 | ) | — | (0.02 | ) | |||||||||
Net asset value | ||||||||||||||||
End of period/year | $ | 17.33 | $ | 15.61 | $ | 15.66 | $ | 13.89 | ||||||||
Total return(D) | 14.14 | %(C) | 2.96 | % | 12.81 | % | 19.58 | %(C) | ||||||||
Net assets at end of period/year (000’s) | $ | 82,758 | $ | 80,083 | $ | 11,767 | $ | 434 | ||||||||
Ratio and supplemental data | ||||||||||||||||
Expenses to average net assets | ||||||||||||||||
After reimbursement/waiver or recapture | 0.98 | %(E) | 0.94 | % | 1.13 | % | 1.20 | %(E) | ||||||||
Before reimbursement/waiver or recapture | 0.98 | %(E) | 0.94 | % | 1.10 | % | 1.85 | %(E) | ||||||||
Net investment income (loss) to average net assets | 0.55 | %(E) | 0.66 | % | (0.37 | )% | (0.51 | )%(E) | ||||||||
Portfolio turnover rate | 13 | %(C) | 52 | % | 90 | % | 57 | %(C) |
(A) | Commenced operations November 30, 2009. |
(B) | Calculated based on average number of shares outstanding. |
(C) | Not annualized. |
(D) | Total return has been calculated for the applicable period without deduction of a sales load, if any, on an initial purchase. |
(E) | Annualized. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 133
FINANCIAL HIGHLIGHTS (continued)
For the period and years ended:
For a share outstanding throughout each period | Transamerica Capital Growth | |||||||||||
Class I2 | ||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011(A) | ||||||||||
Net asset value | ||||||||||||
Beginning of period/year | $ | 10.80 | $ | 10.96 | $ | 10.00 | ||||||
Investment operations | ||||||||||||
Net investment income(B) | 0.04 | 0.07 | — | (C) | ||||||||
Net realized and unrealized gain | 1.45 | 0.22 | 0.96 | |||||||||
Total from investment operations | 1.49 | 0.29 | 0.96 | |||||||||
Distributions | ||||||||||||
Net investment income | (0.10 | ) | — | (C) | — | |||||||
Net realized gain on investments | (0.36 | ) | (0.45 | ) | — | |||||||
Total distributions | (0.46 | ) | (0.45 | ) | — | |||||||
Net asset value | ||||||||||||
End of period/year | $ | 11.83 | $ | 10.80 | $ | 10.96 | ||||||
Total return(D) | 14.20 | %(E) | 3.11 | % | 9.70 | %(E) | ||||||
Net assets at end of period/year (000’s) | $ | 498,068 | $ | 545,635 | $ | 407,302 | ||||||
Ratio and supplemental data | ||||||||||||
Expenses to average net assets | ||||||||||||
After reimbursement/waiver or recapture | 0.84 | %(F) | 0.84 | % | 1.09 | %(F) | ||||||
Before reimbursement/waiver or recapture | 0.84 | %(F) | 0.84 | % | 1.09 | %(F) | ||||||
Net investment income (loss) to average net assets | 0.68 | %(F) | 0.67 | % | (0.48 | )%(F) | ||||||
Portfolio turnover rate | 13 | %(E) | 52 | % | 90 | %(E) |
(A) | Commenced operations September 30, 2011. |
(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. |
For a share outstanding throughout each period | Transamerica Diversified Equity | |||||||||||||||
Class A | ||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010(A) | |||||||||||||
Net asset value | ||||||||||||||||
Beginning of period/year | $ | 13.41 | $ | 14.63 | $ | 14.29 | $ | 12.85 | ||||||||
Investment operations | ||||||||||||||||
Net investment income (loss)(B) | 0.05 | 0.01 | (0.06 | ) | 0.15 | |||||||||||
Net realized and unrealized gain | 1.64 | 0.76 | (C) | 0.56 | 1.31 | |||||||||||
Total from investment operations | 1.69 | 0.77 | 0.50 | 1.46 | ||||||||||||
Distributions | ||||||||||||||||
Net investment income | — | — | (0.16 | ) | (0.02 | ) | ||||||||||
Net realized gains on investments | — | (1.99 | ) | — | — | |||||||||||
Total distributions | — | (1.99 | ) | (0.16 | ) | (0.02 | ) | |||||||||
Net asset value | ||||||||||||||||
End of period/year | $ | 15.10 | $ | 13.41 | $ | 14.63 | $ | 14.29 | ||||||||
Total return(D) | 12.60 | %(E) | 7.04 | %(C) | 3.44 | % | 11.32 | %(E) | ||||||||
Net assets end of period/year (000’s) | $ | 447,873 | $ | 420,504 | $ | 77,197 | $ | 83,766 | ||||||||
Ratio and supplemental data | ||||||||||||||||
Expenses to average net assets | ||||||||||||||||
After reimbursement/waiver or recapture | 1.40 | %(F) | 1.47 | % | 1.52 | % | 1.52 | %(F) | ||||||||
Before reimbursement/waiver or recapture | 1.40 | %(F) | 1.39 | % | 1.66 | % | 1.72 | %(F) | ||||||||
Net investment income (loss) to average net assets | 0.72 | %(F) | 0.08 | % | (0.42 | )% | 1.14 | %(F) | ||||||||
Portfolio turnover rate | 29 | %(E) | 80 | % | 141 | % | 79 | %(E) |
(A) | Commenced operations November 13, 2009. |
(B) | Calculated based on average number of shares outstanding. |
(C) | Includes fair fund settlement. The impacts were $0.01 to Net realized and change in unrealized gain on investments and 0.08% to Total return. |
(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. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 134
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
For a share outstanding throughout each period | Transamerica Diversified Equity | |||||||||||||||
Class B | ||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010(A) | |||||||||||||
Net asset value | ||||||||||||||||
Beginning of period/year | $ | 13.25 | $ | 14.57 | $ | 14.22 | $ | 12.85 | ||||||||
Investment operations | ||||||||||||||||
Net investment income (loss)(B) | — | (C) | (0.09 | ) | (0.16 | ) | 0.06 | |||||||||
Net realized and unrealized gain | 1.61 | 0.76 | (D) | 0.55 | 1.32 | |||||||||||
Total from investment operations | 1.61 | 0.67 | 0.39 | 1.38 | ||||||||||||
Distributions | ||||||||||||||||
Net investment income | — | — | (C) | (0.04 | ) | (0.01 | ) | |||||||||
Net realized gains on investments | — | (1.99 | ) | — | — | |||||||||||
Total distributions | — | (1.99 | ) | (0.04 | ) | (0.01 | ) | |||||||||
Net asset value | ||||||||||||||||
End of period/year | $ | 14.86 | $ | 13.25 | $ | 14.57 | $ | 14.22 | ||||||||
Total return(E) | 12.15 | %(F) | 6.29 | %(D) | 2.71 | % | 10.68 | %(F) | ||||||||
Net assets at end of period/year (000’s) | $ | 20,204 | $ | 20,668 | $ | 5,420 | $ | 7,375 | ||||||||
Ratio and supplemental data | ||||||||||||||||
Expenses to average net assets | ||||||||||||||||
After reimbursement/waiver or recapture | 2.17 | %(G) | 2.17 | % | 2.17 | % | 2.17 | %(G) | ||||||||
Before reimbursement/waiver or recapture | 2.25 | %(G) | 2.19 | % | 2.30 | % | 2.44 | %(G) | ||||||||
Net investment income (loss) to average net assets | (0.04 | )%(G) | (0.63 | )% | (1.07 | )% | 0.40 | %(G) | ||||||||
Portfolio turnover rate | 29 | %(F) | 80 | % | 141 | % | 79 | %(F) |
(A) | Commenced operations November 13, 2009. |
(B) | Calculated based on average number of shares outstanding. |
(C) | Rounds to less than $0.01 or $(0.01). |
(D) | Includes fair fund settlement. The impacts were $0.01 to Net realized and change in unrealized gain on investments and 0.08% to Total return. |
(E) | Total return has been calculated for the applicable period without deduction of a sales load, if any, on an initial purchase. |
(F) | Not annualized. |
(G) | Annualized. |
For a share outstanding throughout each period | Transamerica Diversified Equity | |||||||||||||||
Class C | ||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010(A) | |||||||||||||
Net asset value | ||||||||||||||||
Beginning of period/year | $ | 13.22 | $ | 14.55 | $ | 14.22 | $ | 12.85 | ||||||||
Investment operations | ||||||||||||||||
Net investment income (loss)(B) | — | (C) | (0.08 | ) | (0.16 | ) | 0.06 | |||||||||
Net realized and unrealized gain | 1.61 | 0.74 | (D) | 0.55 | 1.32 | |||||||||||
Total from investment operations | 1.61 | 0.66 | 0.39 | 1.38 | ||||||||||||
Distributions | ||||||||||||||||
Net investment income | — | — | (C) | (0.06 | ) | (0.01 | ) | |||||||||
Net realized gains on investments | — | (1.99 | ) | — | — | |||||||||||
Total distributions | — | (1.99 | ) | (0.06 | ) | (0.01 | ) | |||||||||
Net asset value | ||||||||||||||||
End of period/year | $ | 14.83 | $ | 13.22 | $ | 14.55 | $ | 14.22 | ||||||||
Total return(E) | 12.18 | %(F) | 6.22 | %(D) | 2.72 | % | 10.68 | %(F) | ||||||||
Net assets at end of period/year (000’s) | $ | 44,027 | $ | 42,637 | $ | 13,393 | $ | 15,013 | ||||||||
Ratio and supplemental data | ||||||||||||||||
Expenses to average net assets | ||||||||||||||||
After reimbursement/waiver or recapture | 2.17 | %(G) | 2.17 | % | 2.17 | % | 2.17 | %(G) | ||||||||
Before reimbursement/waiver or recapture | 2.21 | %(G) | 2.16 | % | 2.25 | % | 2.31 | %(G) | ||||||||
Net investment income (loss) to average net assets | (0.05 | )%(G) | (0.63 | )% | (1.07 | )% | 0.48 | %(G) | ||||||||
Portfolio turnover rate | 29 | %(F) | 80 | % | 141 | % | 79 | %(F) |
(A) | Commenced operations November 13, 2009. |
(B) | Calculated based on average number of shares outstanding. |
(C) | Rounds to less than $0.01 or $(0.01). |
(D) | Includes fair fund settlement. The impacts were $0.01 to Net realized and change in unrealized gain on investments and 0.08% to Total return. |
(E) | Total return has been calculated for the applicable period without deduction of a sales load, if any, on an initial purchase. |
(F) | Not annualized. |
(G) | Annualized. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 135
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
For a share outstanding throughout each period | Transamerica Diversified Equity | |||||||||||||||
Class I | ||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010(A) | |||||||||||||
Net asset value | ||||||||||||||||
Beginning of period/year | $ | 13.60 | $ | 14.74 | $ | 14.41 | $ | 12.65 | ||||||||
Investment operations | ||||||||||||||||
Net investment income(B) | 0.09 | 0.09 | — | (C) | 0.26 | |||||||||||
Net realized and unrealized gain | 1.65 | 0.76 | (D) | 0.56 | 1.53 | |||||||||||
Total from investment operations | 1.74 | 0.85 | 0.56 | 1.79 | ||||||||||||
Distributions | ||||||||||||||||
Net investment income | — | — | (0.23 | ) | (0.03 | ) | ||||||||||
Net realized gains on investments | — | (1.99 | ) | — | — | |||||||||||
Total distributions | — | (1.99 | ) | (0.23 | ) | (0.03 | ) | |||||||||
Net asset value | ||||||||||||||||
End of period/year | $ | 15.34 | $ | 13.60 | $ | 14.74 | $ | 14.41 | ||||||||
Total return(E) | 12.79 | %(F) | 7.62 | %(D) | 3.82 | % | 14.16 | %(F) | ||||||||
Net assets at end of period/year (000’s) | $ | 285,657 | $ | 310,170 | $ | 1,127 | $ | 421 | ||||||||
Ratio and supplemental data | ||||||||||||||||
Expenses to average net assets | ||||||||||||||||
After reimbursement/waiver or recapture | 0.92 | %(G) | 0.90 | % | 1.17 | % | 1.17 | %(G) | ||||||||
Before reimbursement/waiver or recapture | 0.92 | %(G) | 0.90 | % | 1.15 | % | 1.81 | %(G) | ||||||||
Net investment income to average net assets | 1.23 | %(G) | 0.67 | % | 0.01 | % | 2.14 | %(G) | ||||||||
Portfolio turnover rate | 29 | %(F) | 80 | % | 141 | % | 79 | %(F) |
(A) | Commenced operations November 30, 2009. |
(B) | Calculated based on average number of shares outstanding. |
(C) | Rounds to less than $0.01 or $(0.01). |
(D) | Includes fair fund settlement. The impacts were $0.01 to Net realized and change in unrealized gain on investments and 0.08% to Total return. |
(E) | Total return has been calculated for the applicable period without deduction of a sales load, if any, on an initial purchase. |
(F) | Not annualized. |
(G) | Annualized. |
For a share outstanding throughout each period | Transamerica Diversified Equity | |||||||||||||||
Class I2(A) | ||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010(B) | |||||||||||||
Net asset value | ||||||||||||||||
Beginning of period/year | $ | 13.59 | $ | 14.73 | $ | 14.38 | $ | 12.85 | ||||||||
Investment operations | ||||||||||||||||
Net investment income(C) | 0.09 | 0.10 | 0.04 | 0.26 | ||||||||||||
Net realized and unrealized gain | 1.66 | 0.77 | (D) | 0.57 | 1.30 | |||||||||||
Total from investment operations | 1.75 | 0.87 | 0.61 | 1.56 | ||||||||||||
Distributions | ||||||||||||||||
Net investment income | — | (0.02 | ) | (0.26 | ) | (0.03 | ) | |||||||||
Net realized gains on investments | — | (1.99 | ) | — | — | |||||||||||
Total distributions | — | (2.01 | ) | (0.26 | ) | (0.03 | ) | |||||||||
Net asset value | ||||||||||||||||
End of period/year | $ | 15.34 | $ | 13.59 | $ | 14.73 | $ | 14.38 | ||||||||
Total return(F) | 12.88 | %(E) | 7.79 | %(D) | 4.19 | % | 12.12 | %(E) | ||||||||
Net assets at end of period/year (000’s) | $ | 641,937 | $ | 577,540 | $ | 291,409 | $ | 358,714 | ||||||||
Ratio and supplemental data | ||||||||||||||||
Expenses to average net assets | ||||||||||||||||
After reimbursement/waiver or recapture | 0.79 | %(G) | 0.78 | % | 0.80 | % | 0.81 | %(G) | ||||||||
Before reimbursement/waiver or recapture | 0.79 | %(G) | 0.78 | % | 0.80 | % | 0.81 | %(G) | ||||||||
Net investment income to average net assets | 1.31 | %(G) | 0.75 | % | 0.30 | % | 2.02 | %(G) | ||||||||
Portfolio turnover rate | 29 | %(E) | 80 | % | 141 | % | 79 | %(E) |
(A) | Effective November 30, 2009, all previously existing Class I shares were re-designated as Class I2 Shares. |
(B) | Commenced operations November 13, 2009. |
(C) | Calculated based on average number of shares outstanding. |
(D) | Includes fair fund settlement. The impacts were $0.01 to Net realized and change in unrealized gain on investments and 0.08% to Total return. |
(E) | Not annualized. |
(F) | Total return has been calculated for the applicable period without deduction of a sales load, if any, on an initial purchase. |
(G) | Annualized. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 136
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
For a share outstanding throughout each period | Transamerica Diversified Equity | |||||||
Class T | ||||||||
April 30, 2013 (unaudited) | October 31, 2012(A) | |||||||
Net asset value | ||||||||
Beginning of period/year | $ | 28.69 | $ | 28.70 | ||||
Income (loss) from investment operations: | ||||||||
Net investment income(B) | 0.18 | 0.14 | ||||||
Net realized and unrealized gain (loss) | 3.50 | (0.15 | )(C) | |||||
Total from investment operations | 3.68 | (0.01 | ) | |||||
Net asset value | ||||||||
End of period/year | $ | 32.37 | $ | 28.69 | ||||
Total return(D) | 12.83 | %(E) | (0.04 | )%(E),(C) | ||||
Net assets at end of period/year (000’s) | $ | 87,724 | $ | 81,976 | ||||
Ratios and supplemental data | ||||||||
Expenses to average net assets | ||||||||
After reimbursement/waiver or recapture | 0.93 | %(F) | 0.90 | %(F) | ||||
Before reimbursement/waiver or recapture | 0.93 | %(F) | 0.90 | %(F) | ||||
Net investment income to average net assets | 1.19 | %(F) | 0.65 | %(F) | ||||
Portfolio turnover rate | 29 | %(E) | 80 | %(E) |
(A) | Commenced operations February 10, 2012. |
(B) | Calculated based on average number of shares outstanding. |
(C) | Includes fair fund settlement. The impacts were $0.01 to Net realized and change in unrealized gain on investments and 0.08% to Total return. |
(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. |
For a share outstanding throughout each period | Transamerica Dividend Focused | |||||||||||||||
Class A | Class C | Class I | Class I2 | |||||||||||||
April 30, 2013 (unaudited)(A) | April 30, 2013 (unaudited)(A) | April 30, 2013 (unaudited)(A) | April 30, 2013 (unaudited)(A) | |||||||||||||
Net asset value | ||||||||||||||||
Beginning of period/year | $ | 10.00 | $ | 10.00 | $ | 10.00 | $ | 10.00 | ||||||||
Investment operations | ||||||||||||||||
Net investment income(B) | 0.05 | 0.02 | 0.05 | 0.06 | ||||||||||||
Net realized and unrealized gain | 0.98 | 0.99 | 0.99 | 0.98 | ||||||||||||
Total from investment operations | 1.03 | 1.01 | 1.04 | 1.04 | ||||||||||||
Distributions | ||||||||||||||||
Net investment income | (0.03 | ) | (0.02 | ) | (0.04 | ) | (0.04 | ) | ||||||||
Total distributions | (0.03 | ) | (0.02 | ) | (0.04 | ) | (0.04 | ) | ||||||||
Net asset value | ||||||||||||||||
End of period/year | $ | 11.00 | $ | 10.99 | $ | 11.00 | $ | 11.00 | ||||||||
Total return(C) | 10.35 | %(D) | 10.08 | %(D) | 10.40 | %(D) | 10.42 | %(D) | ||||||||
Net assets end of period/year (000’s) | $ | 309 | $ | 347 | $ | 1,254 | $ | 1,010,302 | ||||||||
Ratio and supplemental data | ||||||||||||||||
Expenses to average net assets | ||||||||||||||||
After reimbursement/waiver or recapture | 1.03 | %(E) | 1.73 | %(E) | 0.83 | %(E) | 0.73 | %(E) | ||||||||
Before reimbursement/waiver or recapture | 1.03 | %(E) | 1.73 | %(E) | 0.83 | %(E) | 0.73 | %(E) | ||||||||
Net investment income to average net assets | 1.43 | %(E) | 0.71 | %(E) | 1.63 | %(E) | 1.76 | %(E) | ||||||||
Portfolio turnover rate | 5 | %(D) | 5 | %(D) | 5 | %(D) | 5 | %(D) |
(A) | Commenced operations January 4, 2013. |
(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. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 137
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
For a share outstanding throughout each period | Transamerica Emerging Markets Debt | |||||||||||
Class A | ||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011(A) | ||||||||||
Net asset value | ||||||||||||
Beginning of period/year | $ | 11.54 | $ | 10.00 | $ | 10.00 | ||||||
Investment operations | ||||||||||||
Net investment income(B) | 0.28 | 0.59 | 0.08 | |||||||||
Net realized and unrealized gain (loss) | 0.46 | 1.45 | (0.08 | ) | ||||||||
Total from investment operations | 0.74 | 2.04 | — | |||||||||
Distributions | ||||||||||||
Net investment income | (0.31 | ) | (0.50 | ) | — | (C) | ||||||
Net realized gains on investments | (0.25 | ) | — | — | ||||||||
Total distributions | (0.56 | ) | (0.50 | ) | — | (C) | ||||||
Net asset value | ||||||||||||
End of period/year | $ | 11.72 | $ | 11.54 | $ | 10.00 | ||||||
Total return(D) | 6.51 | %(E) | 21.07 | % | 0.04 | %(E) | ||||||
Net assets end of period/year (000’s) | $ | 143,561 | $ | 60,754 | $ | 2,247 | ||||||
Ratio and supplemental data | ||||||||||||
Expenses to average net assets | ||||||||||||
After reimbursement/waiver or recapture | 1.08 | %(F) | 1.21 | % | 1.35 | %(F) | ||||||
Before reimbursement/waiver or recapture | 1.08 | %(F) | 1.19 | % | 1.65 | %(F) | ||||||
Net investment income to average net assets | 4.87 | %(F) | 5.47 | % | 5.24 | %(F) | ||||||
Portfolio turnover rate | 159 | %(E) | 305 | % | 31 | %(E) |
(A) | Commenced operations August 31, 2011. |
(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. |
For a share outstanding throughout each period | Transamerica Emerging Markets Debt | |||||||||||
Class C | ||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011(A) | ||||||||||
Net asset value | ||||||||||||
Beginning of period/year | $ | 11.51 | $ | 9.99 | $ | 10.00 | ||||||
Investment operations | ||||||||||||
Net investment income(B) | 0.24 | 0.52 | 0.07 | |||||||||
Net realized and unrealized gain (loss) | 0.45 | 1.44 | (0.08 | ) | ||||||||
Total from investment operations | 0.69 | 1.96 | (0.01 | ) | ||||||||
Distributions | ||||||||||||
Net investment income | (0.27 | ) | (0.44 | ) | — | (C) | ||||||
Net realized gains on investments | (0.25 | ) | — | — | ||||||||
Total distributions | (0.52 | ) | (0.44 | ) | — | (C) | ||||||
Net asset value | ||||||||||||
End of period/year | $ | 11.68 | $ | 11.51 | $ | 9.99 | ||||||
Total return(D) | 6.13 | %(E) | 20.24 | % | (0.08 | )%(E) | ||||||
Net assets at end of period/year (000’s) | $ | 30,602 | $ | 10,543 | $ | 1,025 | ||||||
Ratio and supplemental data | ||||||||||||
Expenses to average net assets | ||||||||||||
After reimbursement/waiver or recapture | 1.80 | %(F) | 1.87 | % | 2.00 | %(F) | ||||||
Before reimbursement/waiver or recapture | 1.80 | %(F) | 1.86 | % | 2.29 | %(F) | ||||||
Net investment income to average net assets | 4.19 | %(F) | 4.87 | % | 4.35 | %(F) | ||||||
Portfolio turnover rate | 159 | %(E) | 305 | % | 31 | %(E) |
(A) | Commenced operations August 31, 2011. |
(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. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 138
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
For a share outstanding throughout each period | Transamerica Emerging Markets Debt | |||||||||||
Class I | ||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011(A) | ||||||||||
Net asset value | ||||||||||||
Beginning of period/year | $ | 11.56 | $ | 10.01 | $ | 10.00 | ||||||
Investment operations | ||||||||||||
Net investment income(B) | 0.30 | 0.63 | 0.09 | |||||||||
Net realized and unrealized gain (loss) | 0.46 | 1.44 | (0.08 | ) | ||||||||
Total from investment operations | 0.76 | 2.07 | 0.01 | |||||||||
Distributions | ||||||||||||
Net investment income | (0.32 | ) | (0.52 | ) | — | (C) | ||||||
Net realized gains on investments | (0.25 | ) | — | — | ||||||||
Total distributions | (0.57 | ) | (0.52 | ) | — | (C) | ||||||
Net asset value | �� | |||||||||||
End of period/year | $ | 11.75 | $ | 11.56 | $ | 10.01 | ||||||
Total return(D) | 6.71 | %(E) | 21.40 | % | 0.14 | %(E) | ||||||
Net assets at end of period/year (000’s) | $ | 118,712 | $ | 46,190 | $ | 2,064 | ||||||
Ratio and supplemental data | ||||||||||||
Expenses to average net assets | ||||||||||||
After reimbursement/waiver or recapture | 0.79 | %(F) | 0.86 | % | 1.00 | %(F) | ||||||
Before reimbursement/waiver or recapture | 0.79 | %(F) | 0.84 | % | 1.34 | %(F) | ||||||
Net investment income to average net assets | 5.18 | %(F) | 5.68 | % | 5.46 | %(F) | ||||||
Portfolio turnover rate | 159 | %(E) | 305 | % | 31 | %(E) |
(A) | Commenced operations August 31, 2011. |
(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. |
For a share outstanding throughout each period | Transamerica Emerging Markets Debt | |||||||||||
Class I2 | ||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011(A) | ||||||||||
Net asset value | ||||||||||||
Beginning of period/year | $ | 11.56 | $ | 10.01 | $ | 10.00 | ||||||
Investment operations | ||||||||||||
Net investment income(B) | 0.30 | 0.63 | 0.07 | |||||||||
Net realized and unrealized gain (loss) | 0.46 | 1.45 | (0.06 | ) | ||||||||
Total from investment operations | 0.76 | 2.08 | 0.01 | |||||||||
Distributions | ||||||||||||
Net investment income | (0.33 | ) | (0.53 | ) | — | (C) | ||||||
Net realized gains on investments | (0.25 | ) | — | — | ||||||||
Total distributions | (0.58 | ) | (0.53 | ) | — | (C) | ||||||
Net asset value | ||||||||||||
End of period/year | $ | 11.74 | $ | 11.56 | $ | 10.01 | ||||||
Total return(D) | 6.67 | %(E) | 21.50 | % | 0.14 | %(E) | ||||||
Net assets at end of period/year (000’s) | $ | 588,283 | $ | 505,629 | $ | 95,233 | ||||||
Ratio and supplemental data | ||||||||||||
Expenses to average net assets | ||||||||||||
After reimbursement/waiver or recapture | 0.68 | %(F) | 0.76 | % | 1.00 | %(F) | ||||||
Before reimbursement/waiver or recapture | 0.68 | %(F) | 0.74 | % | 1.23 | %(F) | ||||||
Net investment income to average net assets | 5.25 | %(F) | 5.82 | % | 4.63 | %(F) | ||||||
Portfolio turnover rate | 159 | %(E) | 305 | % | 31 | %(E) |
(A) | Commenced operations August 31, 2011. |
(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. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 139
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
For a share outstanding throughout each period | Transamerica Emerging Markets Equity | |||||||
Class A | ||||||||
April 30, 2013 (unaudited) | October 31, 2012(A) | |||||||
Net asset value | ||||||||
Beginning of period/year | $ | 9.42 | $ | 10.00 | ||||
Investment operations | ||||||||
Net investment income(B) | — | 0.09 | ||||||
Net realized and unrealized gain (loss) | 0.82 | (0.67 | ) | |||||
Total from investment operations | 0.82 | (0.58 | ) | |||||
Distributions | ||||||||
Net investment income | (0.02 | ) | — | |||||
Total distributions | (0.02 | ) | — | |||||
Net asset value | ||||||||
End of period/year | $ | 10.22 | $ | 9.42 | ||||
Total return(C) | 8.76 | %(D) | (5.80 | )%(D) | ||||
Net assets end of period/year (000’s) | $ | 451 | $ | 302 | ||||
Ratio and supplemental data | ||||||||
Expenses to average net assets | ||||||||
After reimbursement/waiver or recapture | 1.69 | %(E) | 1.85 | %(E) | ||||
Before reimbursement/waiver or recapture | 1.69 | %(E) | 1.85 | %(E) | ||||
Net investment income (loss) to average net assets | (0.06 | )%(E) | 1.97 | %(E) | ||||
Portfolio turnover rate | 32 | %(D) | 76 | %(D) |
(A) | Commenced operations April 30, 2012. |
(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. |
For a share outstanding throughout each period | Transamerica Emerging Markets Equity | |||||||
Class C | ||||||||
April 30, 2013 (unaudited) | October 31, 2012(A) | |||||||
Net asset value | ||||||||
Beginning of period/year | $ | 9.39 | $ | 10.00 | ||||
Investment operations | ||||||||
Net investment income (loss)(B) | (0.03 | ) | 0.07 | |||||
Net realized and unrealized gain (loss) | 0.82 | (0.68 | ) | |||||
Total from investment operations | 0.79 | (0.61 | ) | |||||
Net asset value | ||||||||
End of period/year | $ | 10.18 | $ | 9.39 | ||||
Total return(C) | 8.41 | %(D) | (6.10 | )%(D) | ||||
Net assets at end of period/year (000’s) | $ | 346 | $ | 253 | ||||
Ratio and supplemental data | ||||||||
Expenses to average net assets | ||||||||
After reimbursement/waiver or recapture | 2.26 | %(E) | 2.52 | %(E) | ||||
Before reimbursement/waiver or recapture | 2.26 | %(E) | 2.52 | %(E) | ||||
Net investment income (loss) to average net assets | (0.65 | )%(E) | 1.43 | %(E) | ||||
Portfolio turnover rate | 32 | %(D) | 76 | %(D) |
(A) | Commenced operations April 30, 2012. |
(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. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 140
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
For a share outstanding throughout each period | Transamerica Emerging Markets Equity | |||||||
Class I | ||||||||
April 30, 2013 (unaudited) | October 31, 2012(A) | |||||||
Net asset value | ||||||||
Beginning of period/year | $ | 9.43 | $ | 10.00 | ||||
Investment operations | ||||||||
Net investment income(B) | 0.02 | 0.11 | ||||||
Net realized and unrealized gain (loss) | 0.83 | (0.68 | ) | |||||
Total from investment operations | 0.85 | (0.57 | ) | |||||
Distributions | ||||||||
Net investment income | (0.04 | ) | — | |||||
Total distributions | (0.04 | ) | — | |||||
Net asset value | ||||||||
End of period/year | $ | 10.24 | $ | 9.43 | ||||
Total return(C) | 9.01 | %(D) | (5.70 | )%(D) | ||||
Net assets at end of period/year (000’s) | $ | 625 | $ | 302 | ||||
Ratio and supplemental data | ||||||||
Expenses to average net assets | ||||||||
After reimbursement/waiver or recapture | 1.33 | %(E) | 1.60 | %(E) | ||||
Before reimbursement/waiver or recapture | 1.33 | %(E) | 1.60 | %(E) | ||||
Net investment income to average net assets | 0.49 | %(E) | 2.26 | %(E) | ||||
Portfolio turnover rate | 32 | %(D) | 76 | %(D) |
(A) | Commenced operations April 30, 2012. |
(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. |
For a share outstanding throughout each period | Transamerica Emerging Markets Equity | |||||||
Class I2 | ||||||||
April 30, 2013 (unaudited) | October 31, 2012(A) | |||||||
Net asset value | ||||||||
Beginning of period/year | $ | 9.44 | $ | 10.00 | ||||
Investment operations | ||||||||
Net investment income(B) | 0.02 | 0.10 | ||||||
Net realized and unrealized gain (loss) | 0.82 | (0.66 | ) | |||||
Total from investment operations | 0.84 | (0.56 | ) | |||||
Distributions | ||||||||
Net investment income | (0.04 | ) | — | |||||
Total distributions | (0.04 | ) | — | |||||
Net asset value | ||||||||
End of period/year | $ | 10.24 | $ | 9.44 | ||||
Total return(C) | 8.96 | %(D) | (5.60 | )%(D) | ||||
Net assets at end of period/year (000’s) | $ | 222,637 | $ | 107,183 | ||||
Ratio and supplemental data | ||||||||
Expenses to average net assets | ||||||||
After reimbursement/waiver or recapture | 1.21 | %(E) | 1.49 | %(E) | ||||
Before reimbursement/waiver or recapture | 1.21 | %(E) | 1.49 | %(E) | ||||
Net investment income to average net assets | 0.50 | %(E) | 2.06 | %(E) | ||||
Portfolio turnover rate | 32 | %(D) | 76 | %(D) |
(A) | Commenced operations April 30, 2012. |
(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. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 141
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
For a share outstanding throughout each period | Transamerica Enhanced Muni | |||||||||||
Class A | Class C | Class I | ||||||||||
April 30, 2013 (unaudited)(A) | April 30, 2013 (unaudited)(A) | April 30, 2013 (unaudited)(A) | ||||||||||
Net asset value | ||||||||||||
Beginning of period/year | $ | 10.00 | $ | 10.00 | $ | 10.00 | ||||||
Investment operations | ||||||||||||
Net investment income(B) | 0.10 | 0.06 | 0.11 | |||||||||
Net realized and unrealized gain | 0.62 | 0.63 | 0.62 | |||||||||
Total from investment operations | 0.72 | 0.69 | 0.73 | |||||||||
Distributions | ||||||||||||
Net investment income | (0.11 | ) | (0.09 | ) | (0.07 | ) | ||||||
Total distributions | (0.11 | ) | (0.09 | ) | (0.07 | ) | ||||||
Net asset value | ||||||||||||
End of period/year | $ | 10.61 | $ | 10.60 | $ | 10.66 | ||||||
Total return(C) | 7.24 | %(D) | 6.91 | %(D) | 7.31 | %(D) | ||||||
Net assets end of period/year (000’s) | $ | 3,484 | $ | 1,150 | $ | 8,315 | ||||||
Ratio and supplemental data | ||||||||||||
Expenses to average net assets | ||||||||||||
After reimbursement/waiver or recapture | 0.86 | %(E) | 1.46 | %(E) | 0.71 | %(E) | ||||||
Before reimbursement/waiver or recapture | 3.27 | %(E) | 3.98 | %(E) | 3.04 | %(E) | ||||||
Net investment income to average net assets | 1.90 | %(E) | 1.22 | %(E) | 2.06 | %(E) | ||||||
Portfolio turnover rate | 29 | %(D) | 29 | %(D) | 29 | %(D) |
(A) | Commenced operations October 31, 2012. |
(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. |
For a share outstanding throughout each period | Transamerica Flexible Income | |||||||||||||||||||||||
Class A | ||||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 9.37 | $ | 8.83 | $ | 8.99 | $ | 8.33 | $ | 7.22 | $ | 9.14 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(A) | 0.21 | 0.45 | 0.51 | 0.50 | 0.46 | 0.44 | ||||||||||||||||||
Net realized and unrealized gain (loss) | 0.26 | 0.55 | (0.16 | ) | 0.70 | 1.08 | (1.89 | ) | ||||||||||||||||
Total from investment operations | 0.47 | 1.00 | 0.35 | 1.20 | 1.54 | (1.45 | ) | |||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.23 | ) | (0.46 | ) | (0.51 | ) | (0.54 | ) | (0.43 | ) | (0.47 | ) | ||||||||||||
Total distributions | (0.23 | ) | (0.46 | ) | (0.51 | ) | (0.54 | ) | (0.43 | ) | (0.47 | ) | ||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 9.61 | $ | 9.37 | $ | 8.83 | $ | 8.99 | $ | 8.33 | $ | 7.22 | ||||||||||||
Total return(B) | 5.06 | %(C) | 11.60 | % | 3.93 | % | 14.89 | % | 22.30 | % | (16.57 | )% | ||||||||||||
Net assets end of period/year (000’s) | $ | 94,711 | $ | 77,291 | $ | 65,393 | $ | 55,103 | $ | 24,173 | $ | 13,360 | ||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 0.95 | %(D) | 0.95 | % | 0.97 | % | 1.07 | %(E) | 1.47 | % | 1.39 | % | ||||||||||||
Before reimbursement/waiver or recapture | 1.00 | %(D) | 1.01 | % | 1.07 | % | 1.15 | %(E) | 1.47 | % | 1.39 | % | ||||||||||||
Net investment income to average net assets | 4.39 | %(D) | 4.95 | % | 5.70 | % | 5.79 | % | 6.03 | % | 5.12 | % | ||||||||||||
Portfolio turnover rate | 21 | %(C) | 35 | % | 42 | % | 120 | % | 169 | % | 98 | % |
(A) | Calculated based on average number of shares outstanding. |
(B) | Total return has been calculated for the applicable period without deduction of a sales load, if any, on an initial purchase. |
(C) | Not annualized. |
(D) | Annualized. |
(E) | Includes extraordinary expenses. The impact of the extraordinary expenses was 0.01%. |
Note: Prior to November 1, 2009, 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 2013 |
Page 142
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
For a share outstanding throughout each period | Transamerica Flexible Income | |||||||||||||||||||||||
Class B | ||||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 9.37 | $ | 8.83 | $ | 9.00 | $ | 8.34 | $ | 7.23 | $ | 9.14 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(A) | 0.17 | 0.37 | 0.44 | 0.43 | 0.40 | 0.38 | ||||||||||||||||||
Net realized and unrealized gain (loss) | 0.26 | 0.55 | (0.18 | ) | 0.71 | 1.09 | (1.88 | ) | ||||||||||||||||
Total from investment operations | 0.43 | 0.92 | 0.26 | 1.14 | 1.49 | (1.50 | ) | |||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.19 | ) | (0.38 | ) | (0.43 | ) | (0.48 | ) | (0.38 | ) | (0.41 | ) | ||||||||||||
Total distributions | (0.19 | ) | (0.38 | ) | (0.43 | ) | (0.48 | ) | (0.38 | ) | (0.41 | ) | ||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 9.61 | $ | 9.37 | $ | 8.83 | $ | 9.00 | $ | 8.34 | $ | 7.23 | ||||||||||||
Total return(B) | 4.60 | %(C) | 10.69 | % | 2.96 | % | 14.02 | % | 21.39 | % | (17.03 | )% | ||||||||||||
Net assets at end of period/year (000’s) | $ | 6,356 | $ | 6,641 | $ | 7,066 | $ | 10,614 | $ | 8,161 | $ | 8,628 | ||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 1.80 | %(E) | 1.79 | % | 1.82 | % | 1.88 | %(D) | 2.16 | % | 2.05 | % | ||||||||||||
Before reimbursement/waiver or recapture | 1.80 | %(E) | 1.79 | % | 1.82 | % | 1.88 | %(D) | 2.16 | % | 2.05 | % | ||||||||||||
Net investment income to average net assets | 3.53 | %(E) | 4.13 | % | 4.87 | % | 4.97 | % | 5.36 | % | 4.42 | % | ||||||||||||
Portfolio turnover rate | 21 | %(C) | 35 | % | 42 | % | 120 | % | 169 | % | 98 | % |
(A) | Calculated based on average number of shares outstanding. |
(B) | Total return has been calculated for the applicable period without deduction of a sales load, if any, on an initial purchase. |
(C) | Not annualized. |
(D) | Includes extraordinary expenses. The impact of the extraordinary expenses was 0.01%. |
(E) | Annualized. |
Note: Prior to November 1, 2009, the financial highlights were audited by another independent registered public accounting firm.
For a share outstanding throughout each period | Transamerica Flexible Income | |||||||||||||||||||||||
Class C | ||||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 9.31 | $ | 8.79 | $ | 8.96 | $ | 8.31 | $ | 7.21 | $ | 9.12 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(A) | 0.17 | 0.38 | 0.45 | 0.44 | 0.41 | 0.39 | ||||||||||||||||||
Net realized and unrealized gain (loss) | 0.26 | 0.54 | (0.17 | ) | 0.70 | 1.08 | (1.88 | ) | ||||||||||||||||
Total from investment operations | 0.43 | 0.92 | 0.28 | 1.14 | 1.49 | (1.49 | ) | |||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.19 | ) | (0.40 | ) | (0.45 | ) | (0.49 | ) | (0.39 | ) | (0.42 | ) | ||||||||||||
Total distributions | (0.19 | ) | (0.40 | ) | (0.45 | ) | (0.49 | ) | (0.39 | ) | (0.42 | ) | ||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 9.55 | $ | 9.31 | $ | 8.79 | $ | 8.96 | $ | 8.31 | $ | 7.21 | ||||||||||||
Total return(B) | 4.71 | %(C) | 10.71 | % | 3.21 | % | 14.15 | % | 21.50 | % | (16.98 | )% | ||||||||||||
Net assets at end of period/year (000’s) | $ | 92,026 | $ | 81,874 | $ | 50,314 | $ | 36,264 | $ | 12,978 | $ | 5,981 | ||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 1.66 | %(D) | 1.65 | % | 1.68 | % | 1.74 | %(E) | 2.06 | % | 1.97 | % | ||||||||||||
Before reimbursement/waiver or recapture | 1.66 | %(D) | 1.65 | % | 1.68 | % | 1.74 | %(E) | 2.06 | % | 1.97 | % | ||||||||||||
Net investment income to average net assets | 3.68 | %(D) | 4.22 | % | 4.98 | % | 5.14 | % | 5.43 | % | 4.52 | % | ||||||||||||
Portfolio turnover rate | 21 | %(C) | 35 | % | 42 | % | 120 | % | 169 | % | 98 | % |
(A) | Calculated based on average number of shares outstanding. |
(B) | Total return has been calculated for the applicable period without deduction of a sales load, if any, on an initial purchase. |
(C) | Not annualized. |
(D) | Annualized. |
(E) | Includes extraordinary expenses. The impact of the extraordinary expenses was 0.01%. |
Note: Prior to November 1, 2009, 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 2013 |
Page 143
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
For a share outstanding throughout each period | Transamerica Flexible Income | |||||||||||||||
Class I | ||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010(A) | |||||||||||||
Net asset value | ||||||||||||||||
Beginning of period/year | $ | 9.38 | $ | 8.85 | $ | 9.02 | $ | 8.48 | ||||||||
Investment operations | ||||||||||||||||
Net investment income(B) | 0.22 | 0.47 | 0.53 | 0.50 | ||||||||||||
Net realized and unrealized gain (loss) | 0.26 | 0.55 | (0.16 | ) | 0.57 | |||||||||||
Total from investment operations | 0.48 | 1.02 | 0.37 | 1.07 | ||||||||||||
Distributions | ||||||||||||||||
Net investment income | (0.24 | ) | (0.49 | ) | (0.54 | ) | (0.53 | ) | ||||||||
Total distributions | (0.24 | ) | (0.49 | ) | (0.54 | ) | (0.53 | ) | ||||||||
Net asset value | ||||||||||||||||
End of period/year | $ | 9.62 | $ | 9.38 | $ | 8.85 | $ | 9.02 | ||||||||
Total return(C) | 5.20 | %(D) | 11.87 | % | 4.19 | % | 13.10 | %(D) | ||||||||
Net assets at end of period/year (000’s) | $ | 61,083 | $ | 31,480 | $ | 19,992 | $ | 9,787 | ||||||||
Ratio and supplemental data | ||||||||||||||||
Expenses to average net assets | ||||||||||||||||
After reimbursement/waiver or recapture | 0.69 | %(E) | 0.67 | % | 0.69 | % | 0.76 | %(E),(F) | ||||||||
Before reimbursement/waiver or recapture | 0.69 | %(E) | 0.67 | % | 0.69 | % | 0.76 | %(E),(F) | ||||||||
Net investment income to average net assets | 4.69 | %(E) | 5.20 | % | 5.93 | % | 6.25 | %(E) | ||||||||
Portfolio turnover rate | 21 | %(D) | 35 | % | 42 | % | 120 | %(D) |
(A) | Commenced operations November 30, 2009. |
(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 extraordinary expenses. The impact of the extraordinary expenses was 0.01%. |
For a share outstanding throughout each period | Transamerica Flexible Income | |||||||||||||||||||||||
Class I2(A) | ||||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 9.38 | $ | 8.86 | $ | 9.03 | $ | 8.37 | $ | 7.25 | $ | 9.17 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(B) | 0.22 | 0.48 | 0.55 | 0.53 | 0.50 | 0.50 | ||||||||||||||||||
Net realized and unrealized gain (loss) | 0.27 | 0.54 | (0.17 | ) | 0.71 | 1.10 | (1.90 | ) | ||||||||||||||||
Total from investment operations | 0.49 | 1.02 | 0.38 | 1.24 | 1.60 | (1.40 | ) | |||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.25 | ) | (0.50 | ) | (0.55 | ) | (0.58 | ) | (0.48 | ) | (0.52 | ) | ||||||||||||
Total distributions | (0.25 | ) | (0.50 | ) | (0.55 | ) | (0.58 | ) | (0.48 | ) | (0.52 | ) | ||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 9.62 | $ | 9.38 | $ | 8.86 | $ | 9.03 | $ | 8.37 | $ | 7.25 | ||||||||||||
Total return(C) | 5.24 | %(D) | 11.85 | % | 4.31 | % | 15.39 | % | 23.16 | % | (16.02 | )% | ||||||||||||
Net assets at end of period/year (000’s) | $ | 58,207 | $ | 128,284 | $ | 109,052 | $ | 146,631 | $ | 132,177 | $ | 128,108 | ||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 0.59 | %(E) | 0.57 | % | 0.58 | % | 0.64 | %(F) | 0.85 | % | 0.77 | % | ||||||||||||
Before reimbursement/waiver or recapture | 0.59 | %(E) | 0.57 | % | 0.58 | % | 0.64 | %(F) | 0.85 | % | 0.77 | % | ||||||||||||
Net investment income to average net assets | 4.66 | %(E) | 5.32 | % | 6.10 | % | 6.18 | % | 6.64 | % | 5.67 | % | ||||||||||||
Portfolio turnover rate | 21 | %(D) | 35 | % | 42 | % | 120 | % | 169 | % | 98 | % |
(A) | Effective November 30, 2009, all previously existing Class I shares were re-designated as Class I2 Shares. |
(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 extraordinary expenses. The impact of the extraordinary expenses was 0.01%. |
Note: Prior to November 1, 2009, 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 2013 |
Page 144
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
For a share outstanding throughout each period | Transamerica Growth Opportunities | |||||||||||||||||||||||
Class A | ||||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 8.15 | $ | 10.93 | $ | 9.82 | $ | 7.54 | $ | 6.57 | $ | 11.40 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income (loss)(A) | — | 0.01 | (0.10 | ) | (0.05 | ) | (0.05 | ) | (0.06 | ) | ||||||||||||||
Net realized and unrealized gain (loss) | 1.40 | (0.55 | ) | 1.21 | 2.33 | 1.02 | (4.77 | ) | ||||||||||||||||
Total from investment operations | 1.40 | (0.54 | ) | 1.11 | 2.28 | 0.97 | (4.83 | ) | ||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.02 | ) | — | (B) | — | — | — | — | ||||||||||||||||
Net realized gains on investments | (0.08 | ) | (2.24 | ) | — | — | — | — | ||||||||||||||||
Total distributions | (0.10 | ) | (2.24 | ) | — | — | — | — | ||||||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 9.45 | $ | 8.15 | $ | 10.93 | $ | 9.82 | $ | 7.54 | $ | 6.57 | ||||||||||||
Total return(C) | 17.40 | %(D) | (3.79 | )% | 11.30 | % | 30.41 | % | 14.76 | % | (42.37 | )% | ||||||||||||
Net assets end of period/year (000’s) | $ | 99,120 | $ | 91,110 | $ | 103,177 | $ | 59,685 | $ | 48,788 | $ | 41,005 | ||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 1.51 | %(E) | 1.67 | % | 1.75 | % | 1.75 | % | 1.75 | % | 1.75 | % | ||||||||||||
Before reimbursement/waiver or recapture | 1.51 | %(E) | 1.54 | % | 1.64 | % | 1.98 | % | 2.23 | % | 1.81 | % | ||||||||||||
Net investment income (loss) to average net assets | 0.02 | %(E) | 0.10 | % | (0.83 | )% | (0.56 | )% | (0.68 | )% | (0.69 | )% | ||||||||||||
Portfolio turnover rate | 23 | %(D) | 38 | % | 125 | % | 63 | % | 71 | % | 45 | % |
(A) | Calculated based on average number of shares outstanding. |
(B) | Rounds to less than $0.01 or $(0.01). |
(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. |
Note: Prior to November 1, 2009, the financial highlights were audited by another independent registered public accounting firm.
For a share outstanding throughout each period | Transamerica Growth Opportunities | |||||||||||||||||||||||
Class B | ||||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 7.21 | $ | 10.01 | $ | 9.05 | $ | 6.99 | $ | 6.13 | $ | 10.72 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment loss(A) | (0.03 | ) | (0.04 | ) | (0.15 | ) | (0.10 | ) | (0.08 | ) | (0.12 | ) | ||||||||||||
Net realized and unrealized gain (loss) | 1.24 | (0.52 | ) | 1.11 | 2.16 | 0.94 | (4.47 | ) | ||||||||||||||||
Total from investment operations | 1.21 | (0.56 | ) | 0.96 | 2.06 | 0.86 | (4.59 | ) | ||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | — | — | (B) | — | — | — | — | |||||||||||||||||
Net realized gains on investments | (0.08 | ) | (2.24 | ) | — | — | — | — | ||||||||||||||||
Total distributions | (0.08 | ) | (2.24 | ) | — | — | — | — | ||||||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 8.34 | $ | 7.21 | $ | 10.01 | $ | 9.05 | $ | 6.99 | $ | 6.13 | ||||||||||||
Total return(C) | 16.95 | %(D) | (4.47 | )% | 10.61 | % | 29.47 | % | 14.03 | % | (42.82 | )% | ||||||||||||
Net assets at end of period/year (000’s) | $ | 5,643 | $ | 5,582 | $ | 9,636 | $ | 12,406 | $ | 14,067 | $ | 20,823 | ||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 2.36 | %(E) | 2.32 | % | 2.40 | % | 2.40 | % | 2.40 | % | 2.40 | % | ||||||||||||
Before reimbursement/waiver or recapture | 2.36 | %(E) | 2.31 | % | 2.29 | % | 2.41 | % | 2.71 | % | 2.46 | % | ||||||||||||
Net investment loss to average net assets | (0.81 | )%(E) | (0.56 | )% | (1.40 | )% | (1.21 | )% | (1.25 | )% | (1.39 | )% | ||||||||||||
Portfolio turnover rate | 23 | %(D) | 38 | % | 125 | % | 63 | % | 71 | % | 45 | % |
(A) | Calculated based on average number of shares outstanding. |
(B) | Rounds to less than $0.01 or $(0.01). |
(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. |
Note: Prior to November 1, 2009, 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 2013 |
Page 145
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
For a share outstanding throughout each period | Transamerica Growth Opportunities | |||||||||||||||||||||||
Class C | ||||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 7.25 | $ | 10.05 | $ | 9.08 | $ | 7.01 | $ | 6.16 | $ | 10.74 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment loss(A) | (0.03 | ) | (0.04 | ) | (0.15 | ) | (0.10 | ) | (0.08 | ) | (0.11 | ) | ||||||||||||
Net realized and unrealized gain (loss) | 1.25 | (0.52 | ) | 1.12 | 2.17 | 0.93 | (4.47 | ) | ||||||||||||||||
Total from investment operations | 1.22 | (0.56 | ) | 0.97 | 2.07 | 0.85 | (4.58 | ) | ||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net realized gains on investments | (0.08 | ) | (2.24 | ) | — | — | — | — | ||||||||||||||||
Total distributions | (0.08 | ) | (2.24 | ) | — | — | — | — | ||||||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 8.39 | $ | 7.25 | $ | 10.05 | $ | 9.08 | $ | 7.01 | $ | 6.16 | ||||||||||||
Total return(B) | 16.99 | %(C) | (4.46 | )% | 10.68 | % | 29.53 | % | 13.80 | % | (42.64 | )% | ||||||||||||
Net assets at end of period/year (000’s) | $ | 11,663 | $ | 10,943 | $ | 14,288 | $ | 12,781 | $ | 10,774 | $ | 10,619 | ||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 2.32 | %(D) | 2.28 | % | 2.40 | % | 2.40 | % | 2.40 | % | 2.34 | % | ||||||||||||
Before reimbursement/waiver or recapture | 2.32 | %(D) | 2.28 | % | 2.28 | % | 2.41 | % | 2.62 | % | 2.34 | % | ||||||||||||
Net investment loss to average net assets | (0.78 | )%(D) | (0.51 | )% | (1.43 | )% | (1.21 | )% | (1.31 | )% | (1.29 | )% | ||||||||||||
Portfolio turnover rate | 23 | %(C) | 38 | % | 125 | % | 63 | % | 71 | % | 45 | % |
(A) | Calculated based on average number of shares outstanding. |
(B) | Total return has been calculated for the applicable period without deduction of a sales load, if any, on an initial purchase. |
(C) | Not annualized. |
(D) | Annualized. |
Note: Prior to November 1, 2009, the financial highlights were audited by another independent registered public accounting firm.
For a share outstanding throughout each period | Transamerica Growth Opportunities | |||||||||||||||
Class I | ||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010(A) | |||||||||||||
Net asset value | ||||||||||||||||
Beginning of period/year | $ | 8.61 | $ | 11.37 | $ | 10.19 | $ | 8.04 | ||||||||
Investment operations | ||||||||||||||||
Net investment income (loss)(B) | 0.02 | 0.08 | (0.02 | ) | (0.02 | ) | ||||||||||
Net realized and unrealized gain (loss) | 1.48 | (0.58 | ) | 1.24 | 2.17 | |||||||||||
Total from investment operations | 1.50 | (0.50 | ) | 1.22 | 2.15 | |||||||||||
Distributions | ||||||||||||||||
Net investment income | (0.08 | ) | (0.02 | ) | (0.04 | ) | — | |||||||||
Net realized gains on investments | (0.08 | ) | (2.24 | ) | — | — | ||||||||||
Total distributions | (0.16 | ) | (2.26 | ) | (0.04 | ) | — | |||||||||
Net asset value | ||||||||||||||||
End of period/year | $ | 9.95 | $ | 8.61 | $ | 11.37 | $ | 10.19 | ||||||||
Total return(C) | 17.67 | %(D) | (3.16 | )% | 12.01 | % | 26.74 | %(D) | ||||||||
Net assets at end of period/year (000’s) | $ | 76,688 | $ | 80,359 | $ | 9,954 | $ | 815 | ||||||||
Ratio and supplemental data | ||||||||||||||||
Expenses to average net assets | ||||||||||||||||
After reimbursement/waiver or recapture | 1.01 | %(E) | 0.99 | % | 1.08 | % | 1.40 | %(E) | ||||||||
Before reimbursement/waiver or recapture | 1.01 | %(E) | 0.99 | % | 1.08 | % | 1.48 | %(E) | ||||||||
Net investment income (loss) to average net assets | 0.54 | %(E) | 0.90 | % | (0.20 | )% | (0.23 | )%(E) | ||||||||
Portfolio turnover rate | 23 | %(D) | 38 | % | 125 | % | 63 | %(D) |
(A) | Commenced operations November 30, 2009. |
(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. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 146
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
For a share outstanding throughout each period | Transamerica Growth Opportunities | |||||||||||||||||||||||
Class I2(A) | ||||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 8.68 | $ | 11.43 | $ | 10.23 | $ | 7.78 | $ | 6.74 | $ | 11.59 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(B) | 0.03 | 0.09 | 0.01 | 0.03 | 0.01 | 0.01 | ||||||||||||||||||
Net realized and unrealized gain (loss) | 1.48 | (0.58 | ) | 1.25 | 2.42 | 1.03 | (4.86 | ) | ||||||||||||||||
Total from investment operations | 1.51 | (0.49 | ) | 1.26 | 2.45 | 1.04 | (4.85 | ) | ||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.09 | ) | (0.02 | ) | (0.06 | ) | — | — | — | |||||||||||||||
Net realized gains on investments | (0.08 | ) | (2.24 | ) | — | — | — | — | ||||||||||||||||
Total distributions | (0.17 | ) | (2.26 | ) | (0.06 | ) | — | — | — | |||||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 10.02 | $ | 8.68 | $ | 11.43 | $ | 10.23 | $ | 7.78 | $ | 6.74 | ||||||||||||
Total return(C) | 17.71 | %(D) | (2.97 | )% | 12.28 | % | 31.49 | % | 15.43 | % | (41.85 | )% | ||||||||||||
Net assets at end of period/year (000’s) | $ | 470,309 | $ | 397,945 | $ | 113,057 | $ | 106,970 | $ | 111,402 | $ | 86,425 | ||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 0.85 | %(E) | 0.85 | % | 0.89 | % | 0.88 | % | 0.91 | % | 0.86 | % | ||||||||||||
Before reimbursement/waiver or recapture | 0.85 | %(E) | 0.85 | % | 0.89 | % | 0.88 | % | 0.91 | % | 0.86 | % | ||||||||||||
Net investment income to average net assets | 0.67 | %(E) | 0.99 | % | 0.09 | % | 0.32 | % | 0.15 | % | 0.15 | % | ||||||||||||
Portfolio turnover rate | 23 | %(D) | 38 | % | 125 | % | 63 | % | 71 | % | 45 | % |
(A) | Effective November 30, 2009, all previously existing Class I shares were re-designated as Class I2 Shares. |
(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. |
Note: Prior to November 1, 2009, the financial highlights were audited by another independent registered public accounting firm.
For a share outstanding throughout each period | Transamerica High Yield Bond | |||||||||||||||||||||||
Class A | ||||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 9.59 | $ | 8.95 | $ | 9.16 | $ | 8.45 | $ | 6.31 | $ | 9.12 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(A) | 0.28 | 0.59 | 0.61 | 0.66 | 0.65 | 0.64 | ||||||||||||||||||
Net realized and unrealized gain (loss) | 0.41 | 0.67 | (0.21 | ) | 0.73 | 2.14 | (2.83 | ) | ||||||||||||||||
Total from investment operations | 0.69 | 1.26 | 0.40 | 1.39 | 2.79 | (2.19 | ) | |||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.29 | ) | (0.62 | ) | (0.61 | ) | (0.68 | ) | (0.66 | ) | (0.62 | ) | ||||||||||||
Total distributions | (0.29 | ) | (0.62 | ) | (0.61 | ) | (0.68 | ) | (0.66 | ) | (0.62 | ) | ||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 9.99 | $ | 9.59 | $ | 8.95 | $ | 9.16 | $ | 8.45 | $ | 6.31 | ||||||||||||
Total return(B) | 7.34 | %(C) | 14.57 | % | 4.41 | % | 17.21 | % | 47.58 | % | (25.46 | )% | ||||||||||||
Net assets end of period/year (000’s) | $ | 344,082 | $ | 256,099 | $ | 228,920 | $ | 193,332 | $ | 67,290 | $ | 24,506 | ||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 1.05 | %(D) | 1.06 | % | 1.17 | % | 1.15 | % | 1.19 | % | 1.16 | % | ||||||||||||
Before reimbursement/waiver or recapture | 1.05 | %(D) | 1.06 | % | 1.17 | % | 1.15 | % | 1.19 | % | 1.16 | % | ||||||||||||
Net investment income to average net assets | 5.73 | %(D) | 6.44 | % | 6.65 | % | 7.52 | % | 9.08 | % | 7.65 | % | ||||||||||||
Portfolio turnover rate | 31 | %(C) | 78 | % | 93 | % | 91 | % | 58 | % | 38 | % |
(A) | Calculated based on average number of shares outstanding. |
(B) | Total return has been calculated for the applicable period without deduction of a sales load, if any, on an initial purchase. |
(C) | Not annualized. |
(D) | Annualized. |
Note: Prior to November 1, 2009, 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 2013 |
Page 147
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
For a share outstanding throughout each period | Transamerica High Yield Bond | |||||||||||||||||||||||
Class B | ||||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 9.60 | $ | 8.95 | $ | 9.15 | $ | 8.44 | $ | 6.30 | $ | 9.11 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(A) | 0.24 | 0.52 | 0.55 | 0.61 | 0.60 | 0.58 | ||||||||||||||||||
Net realized and unrealized gain (loss) | 0.41 | 0.67 | (0.21 | ) | 0.72 | 2.15 | (2.83 | ) | ||||||||||||||||
Total from investment operations | 0.65 | 1.19 | 0.34 | 1.33 | 2.75 | (2.25 | ) | |||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.25 | ) | (0.54 | ) | (0.54 | ) | (0.62 | ) | (0.61 | ) | (0.56 | ) | ||||||||||||
Total distributions | (0.25 | ) | (0.54 | ) | (0.54 | ) | (0.62 | ) | (0.61 | ) | (0.56 | ) | ||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 10.00 | $ | 9.60 | $ | 8.95 | $ | 9.15 | $ | 8.44 | $ | 6.30 | ||||||||||||
Total return(B) | 6.90 | %(C) | 13.77 | % | 3.81 | % | 16.38 | % | 46.69 | % | (26.04 | )% | ||||||||||||
Net assets at end of period/year (000’s) | $ | 9,698 | $ | 9,236 | $ | 9,431 | $ | 13,887 | $ | 11,898 | $ | 9,091 | ||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 1.84 | %(D) | 1.84 | % | 1.83 | % | 1.83 | % | 1.91 | % | 1.85 | % | ||||||||||||
Before reimbursement/waiver or recapture | 1.84 | %(D) | 1.83 | % | 1.84 | % | 1.83 | % | 1.91 | % | 1.85 | % | ||||||||||||
Net investment income to average net assets | 4.92 | %(D) | 5.69 | % | 5.99 | % | 6.93 | % | 8.56 | % | 6.83 | % | ||||||||||||
Portfolio turnover rate | 31 | %(C) | 78 | % | 93 | % | 91 | % | 58 | % | 38 | % |
(A) | Calculated based on average number of shares outstanding. |
(B) | Total return has been calculated for the applicable period without deduction of a sales load, if any, on an initial purchase. |
(C) | Not annualized. |
(D) | Annualized. |
Note: Prior to November 1, 2009, the financial highlights were audited by another independent registered public accounting firm.
For a share outstanding throughout each period | Transamerica High Yield Bond | |||||||||||||||||||||||
Class C | ||||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 9.56 | $ | 8.92 | $ | 9.13 | $ | 8.42 | $ | 6.30 | $ | 9.10 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(A) | 0.24 | 0.53 | 0.55 | 0.61 | 0.60 | 0.58 | ||||||||||||||||||
Net realized and unrealized gain (loss) | 0.42 | 0.66 | (0.21 | ) | 0.73 | 2.14 | (2.82 | ) | ||||||||||||||||
Total from investment operations | 0.66 | 1.19 | 0.34 | 1.34 | 2.74 | (2.24 | ) | |||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.26 | ) | (0.55 | ) | (0.55 | ) | (0.63 | ) | (0.62 | ) | (0.56 | ) | ||||||||||||
Total distributions | (0.26 | ) | (0.55 | ) | (0.55 | ) | (0.63 | ) | (0.62 | ) | (0.56 | ) | ||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 9.96 | $ | 9.56 | $ | 8.92 | $ | 9.13 | $ | 8.42 | $ | 6.30 | ||||||||||||
Total return(B) | 6.97 | %(C) | 13.81 | % | 3.84 | % | 16.54 | % | 46.63 | % | (25.89 | )% | ||||||||||||
Net assets at end of period/year (000’s) | $ | 90,162 | $ | 76,995 | $ | 48,789 | $ | 41,810 | $ | 19,548 | $ | 5,429 | ||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 1.76 | %(D) | 1.77 | % | 1.76 | % | 1.77 | % | 1.81 | % | 1.80 | % | ||||||||||||
Before reimbursement/waiver or recapture | 1.76 | %(D) | 1.77 | % | 1.76 | % | 1.77 | % | 1.81 | % | 1.80 | % | ||||||||||||
Net investment income to average net assets | 5.01 | %(D) | 5.73 | % | 6.07 | % | 6.96 | % | 8.23 | % | 6.93 | % | ||||||||||||
Portfolio turnover rate | 31 | %(C) | 78 | % | 93 | % | 91 | % | 58 | % | 38 | % |
(A) | Calculated based on average number of shares outstanding. |
(B) | Total return has been calculated for the applicable period without deduction of a sales load, if any, on an initial purchase. |
(C) | Not annualized. |
(D) | Annualized. |
Note: Prior to November 1, 2009, 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 2013 |
Page 148
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
For a share outstanding throughout each period | Transamerica High Yield Bond | |||||||||||||||
Class I | ||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010(A) | |||||||||||||
Net asset value | ||||||||||||||||
Beginning of period/year | $ | 9.66 | $ | 9.00 | $ | 9.20 | $ | 8.55 | ||||||||
Investment operations | ||||||||||||||||
Net investment income(B) | 0.29 | 0.62 | 0.65 | 0.63 | ||||||||||||
Net realized and unrealized gain (loss) | 0.42 | 0.68 | (0.21 | ) | 0.68 | |||||||||||
Total from investment operations | 0.71 | 1.30 | 0.44 | 1.31 | ||||||||||||
Distributions | ||||||||||||||||
Net investment income | (0.31 | ) | (0.64 | ) | (0.64 | ) | (0.66 | ) | ||||||||
Total distributions | (0.31 | ) | (0.64 | ) | (0.64 | ) | (0.66 | ) | ||||||||
Net asset value | ||||||||||||||||
End of period/year | $ | 10.06 | $ | 9.66 | $ | 9.00 | $ | 9.20 | ||||||||
Total return(C) | 7.44 | %(D) | 15.05 | % | 4.95 | % | 15.92 | %(D) | ||||||||
Net assets at end of period/year (000’s) | $ | 111,184 | $ | 103,181 | $ | 82,736 | $ | 27,057 | ||||||||
Ratio and supplemental data | ||||||||||||||||
Expenses to average net assets | ||||||||||||||||
After reimbursement/waiver or recapture | 0.78 | %(E) | 0.78 | % | 0.77 | % | 0.83 | %(E) | ||||||||
Before reimbursement/waiver or recapture | 0.78 | %(E) | 0.78 | % | 0.78 | % | 0.83 | %(E) | ||||||||
Net investment income to average net assets | 6.01 | %(E) | 6.64 | % | 7.09 | % | 7.71 | %(E) | ||||||||
Portfolio turnover rate | 31 | %(D) | 78 | % | 93 | % | 91 | %(D) |
(A) | Commenced operations November 30, 2009. |
(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. |
For a share outstanding throughout each period | Transamerica High Yield Bond | |||||||||||||||||||||||
Class I2(A) | ||||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 9.67 | $ | 9.02 | $ | 9.22 | $ | 8.50 | $ | 6.35 | $ | 9.17 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(B) | 0.30 | 0.64 | 0.66 | 0.71 | 0.69 | 0.69 | ||||||||||||||||||
Net realized and unrealized gain (loss) | 0.42 | 0.66 | (0.21 | ) | 0.73 | 2.16 | (2.85 | ) | ||||||||||||||||
Total from investment operations | 0.72 | 1.30 | 0.45 | 1.44 | 2.85 | (2.16 | ) | |||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.31 | ) | (0.65 | ) | (0.65 | ) | (0.72 | ) | (0.70 | ) | (0.66 | ) | ||||||||||||
Total distributions | (0.31 | ) | (0.65 | ) | (0.65 | ) | (0.72 | ) | (0.70 | ) | (0.66 | ) | ||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 10.08 | $ | 9.67 | $ | 9.02 | $ | 9.22 | $ | 8.50 | $ | 6.35 | ||||||||||||
Total return(C) | 7.59 | %(D) | 15.01 | % | 5.06 | % | 17.74 | % | 48.39 | % | (25.05 | )% | ||||||||||||
Net assets at end of period/year (000’s) | $ | 211,674 | $ | 250,912 | $ | 388,633 | $ | 408,505 | $ | 472,936 | $ | 418,923 | ||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 0.67 | %(E) | 0.67 | % | 0.66 | % | 0.66 | % | 0.67 | % | 0.65 | % | ||||||||||||
Before reimbursement/waiver or recapture | 0.67 | %(E) | 0.67 | % | 0.66 | % | 0.66 | % | 0.67 | % | 0.65 | % | ||||||||||||
Net investment income to average net assets | 6.06 | %(E) | 6.88 | % | 7.16 | % | 8.11 | % | 9.96 | % | 8.34 | % | ||||||||||||
Portfolio turnover rate | 31 | %(D) | 78 | % | 93 | % | 91 | % | 58 | % | 38 | % |
(A) | Effective November 30, 2009, all previously existing Class I shares were re-designated as Class I2 Shares. |
(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. |
Note: Prior to November 1, 2009, 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 2013 |
Page 149
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
For a share outstanding throughout each period | Transamerica Income & Growth | |||||||||||||||
Class A | Class C | Class I | Class I2 | |||||||||||||
April 30, 2013 (unaudited)(A) | April 30, 2013 (unaudited)(A) | April 30, 2013 (unaudited)(A) | April 30, 2013 (unaudited)(A) | |||||||||||||
Net asset value | ||||||||||||||||
Beginning of period/year | $ | 10.00 | $ | 10.00 | $ | 10.00 | $ | 10.00 | ||||||||
Investment operations | ||||||||||||||||
Net investment income(B) | 0.33 | 0.30 | 0.31 | 0.32 | ||||||||||||
Net realized and unrealized gain | 0.93 | 0.92 | 0.97 | 0.96 | ||||||||||||
Total from investment operations | 1.26 | 1.22 | 1.28 | 1.28 | ||||||||||||
Distributions | ||||||||||||||||
Net investment income | (0.14 | ) | (0.13 | ) | (0.15 | ) | (0.15 | ) | ||||||||
Total distributions | (0.14 | ) | (0.13 | ) | (0.15 | ) | (0.15 | ) | ||||||||
Net asset value | ||||||||||||||||
End of period/year | $ | 11.12 | $ | 11.09 | $ | 11.13 | $ | 11.13 | ||||||||
Total return(C) | 12.71 | %(D) | 12.23 | %(D) | 12.84 | %(D) | 12.87 | %(D) | ||||||||
Net assets end of period/year (000’s) | $ | 6,707 | $ | 8,864 | $ | 20,080 | $ | 370,305 | ||||||||
Ratio and supplemental data | ||||||||||||||||
Expenses to average net assets | ||||||||||||||||
After reimbursement/waiver or recapture | 1.19 | %(E) | 1.87 | %(E) | 0.93 | %(E) | 0.84 | %(E) | ||||||||
Before reimbursement/waiver or recapture | 1.19 | %(E) | 1.87 | %(E) | 0.94 | %(E) | 0.84 | %(E) | ||||||||
Net investment income to average net assets | 6.31 | %(E) | 5.77 | %(E) | 6.01 | %(E) | 6.11 | %(E) | ||||||||
Portfolio turnover rate | 7 | %(D) | 7 | %(D) | 7 | %(D) | 7 | %(D) |
(A) | Commenced operations October 31, 2012. |
(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. |
For a share outstanding throughout each period | Transamerica International Bond | |||||||
Class A | ||||||||
April 30, 2013 (unaudited) | October 31, 2012(A) | |||||||
Net asset value | ||||||||
Beginning of period/year | $ | 10.51 | $ | 10.29 | ||||
Investment operations | ||||||||
Net investment income(B) | 0.07 | 0.09 | ||||||
Net realized and unrealized gain (loss) | (0.57 | ) | 0.17 | |||||
Total from investment operations | (0.50 | ) | 0.26 | |||||
Distributions | ||||||||
Net investment income | (0.04 | ) | (0.04 | ) | ||||
Net realized gains on investments | (0.08 | ) | — | |||||
Total distributions | (0.12 | ) | (0.04 | ) | ||||
Net asset value | ||||||||
End of period/year | $ | 9.89 | $ | 10.51 | ||||
Total return(C) | (4.81 | )%(D) | 2.52 | %(D) | ||||
Net assets end of period/year (000’s) | $ | 362 | $ | 165 | ||||
Ratio and supplemental data | ||||||||
Expenses to average net assets | ||||||||
After reimbursement/waiver or recapture | 1.05 | %(E) | 1.05 | %(E) | ||||
Before reimbursement/waiver or recapture | 1.20 | %(E) | 1.18 | %(E) | ||||
Net investment income to average net assets | 1.37 | %(E) | 1.34 | %(E) | ||||
Portfolio turnover rate | 15 | %(D) | 47 | %(D) |
(A) | Commenced operations March 1, 2012. |
(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. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 150
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
For a share outstanding throughout each period | Transamerica International Bond | |||||||
Class C | ||||||||
April 30, 2013 (unaudited) | October 31, 2012(A) | |||||||
Net asset value | ||||||||
Beginning of period/year | $ | ��10.47 | $ | 10.29 | ||||
Investment operations | ||||||||
Net investment income(B) | 0.03 | 0.05 | ||||||
Net realized and unrealized gain (loss) | (0.57 | ) | 0.16 | |||||
Total from investment operations | (0.54 | ) | 0.21 | |||||
Distributions | ||||||||
Net investment income | — | (C) | (0.03 | ) | ||||
Net realized gains on investments | (0.08 | ) | — | |||||
Total distributions | (0.08 | ) | (0.03 | ) | ||||
Net asset value | ||||||||
End of period/year | $ | 9.85 | $ | 10.47 | ||||
Total return(D) | (5.16 | )%(E) | 2.03 | %(E) | ||||
Net assets at end of period/year (000’s) | $ | 240 | $ | 199 | ||||
Ratio and supplemental data | ||||||||
Expenses to average net assets | ||||||||
After reimbursement/waiver or recapture | 1.75 | %(F) | 1.75 | %(F) | ||||
Before reimbursement/waiver or recapture | 1.87 | %(F) | 1.83 | %(F) | ||||
Net investment income to average net assets | 0.65 | %(F) | 0.65 | %(F) | ||||
Portfolio turnover rate | 15 | %(E) | 47 | %(E) |
(A) | Commenced operations March 1, 2012. |
(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. |
For a share outstanding throughout each period | Transamerica International Bond | |||||||
Class I | ||||||||
April 30, 2013 (unaudited) | October 31, 2012(A) | |||||||
Net asset value | ||||||||
Beginning of period/year | $ | 10.53 | $ | 10.29 | ||||
Investment operations | ||||||||
Net investment income(B) | 0.08 | 0.11 | ||||||
Net realized and unrealized gain (loss) | (0.57 | ) | 0.17 | |||||
Total from investment operations | (0.49 | ) | 0.28 | |||||
Distributions | ||||||||
Net investment income | (0.06 | ) | (0.04 | ) | ||||
Net realized gains on investments | (0.08 | ) | — | |||||
Total distributions | (0.14 | ) | (0.04 | ) | ||||
Net asset value | ||||||||
End of period/year | $ | 9.90 | $ | 10.53 | ||||
Total return(C) | (4.75 | )%(D) | 2.75 | %(D) | ||||
Net assets at end of period/year (000’s) | $ | 98 | $ | 103 | ||||
Ratio and supplemental data | ||||||||
Expenses to average net assets | ||||||||
After reimbursement/waiver or recapture | 0.75 | %(E) | 0.75 | %(E) | ||||
Before reimbursement/waiver or recapture | 0.88 | %(E) | 0.87 | %(E) | ||||
Net investment income to average net assets | 1.63 | %(E) | 1.65 | %(E) | ||||
Portfolio turnover rate | 15 | %(D) | 47 | %(D) |
(A) | Commenced operations March 1, 2012. |
(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. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 151
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
For a share outstanding throughout each period | Transamerica International Bond | |||||||||||||||||||||||
Class I2(A) | ||||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 10.53 | $ | 11.24 | $ | 12.08 | $ | 11.64 | $ | 10.56 | $ | 11.00 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(B) | 0.08 | 0.19 | 0.23 | 0.24 | 0.26 | 0.29 | ||||||||||||||||||
Net realized and unrealized gain (loss) | (0.58 | ) | 0.07 | (0.05 | ) | 0.71 | 1.59 | (0.29 | ) | |||||||||||||||
Total from investment operations | (0.50 | ) | 0.26 | 0.18 | 0.95 | 1.85 | — | (C) | ||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.05 | ) | (0.89 | ) | (0.93 | ) | (0.39 | ) | (0.68 | ) | (0.44 | ) | ||||||||||||
Net realized gains on investments | (0.08 | ) | (0.08 | ) | (0.09 | ) | (0.12 | ) | (0.09 | ) | — | |||||||||||||
Total distributions | (0.13 | ) | (0.97 | ) | (1.02 | ) | (0.51 | ) | (0.77 | ) | (0.44 | ) | ||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 9.90 | $ | 10.53 | $ | 11.24 | $ | 12.08 | $ | 11.64 | $ | 10.56 | ||||||||||||
Total return(D) | (4.75 | )%(E) | 2.71 | % | 2.20 | % | 8.54 | % | 17.90 | % | (0.14 | )% | ||||||||||||
Net assets at end of period/year (000’s) | $ | 175,614 | $ | 193,313 | $ | 475,292 | $ | 447,141 | $ | 732,964 | $ | 699,078 | ||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 0.73 | %(F) | 0.68 | % | 0.63 | % | 0.61 | % | 0.60 | % | 0.61 | % | ||||||||||||
Before reimbursement/waiver or recapture | 0.73 | %(F) | 0.68 | % | 0.63 | % | 0.61 | % | 0.60 | % | 0.61 | % | ||||||||||||
Net investment income to average net assets | 1.62 | %(F) | 1.77 | % | 2.09 | % | 2.16 | % | 2.38 | % | 2.55 | % | ||||||||||||
Portfolio turnover rate | 15 | %(E) | 47 | % | 98 | % | 61 | % | 53 | % | 74 | % |
(A) | Effective November 30, 2009, all previously existing Class I shares were re-designated as Class I2 Shares. |
(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. |
Note: Prior to November 1, 2009, the financial highlights were audited by another independent registered public accounting firm.
For a share outstanding throughout each period | Transamerica International Equity | |||||||||||
Class A | ||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011(A) | ||||||||||
Net asset value | ||||||||||||
Beginning of period/year | $ | 14.57 | $ | 13.47 | $ | 15.03 | ||||||
Investment operations | ||||||||||||
Net investment income(B) | 0.16 | 0.24 | 0.15 | |||||||||
Net realized and unrealized gain (loss) | 2.02 | 1.19 | (1.71 | ) | ||||||||
Total from investment operations | 2.18 | 1.43 | (1.56 | ) | ||||||||
Distributions | ||||||||||||
Net investment income | (0.24 | ) | (0.33 | ) | — | |||||||
Total distributions | (0.24 | ) | (0.33 | ) | — | |||||||
Net asset value | ||||||||||||
End of period/year | $ | 16.51 | $ | 14.57 | $ | 13.47 | ||||||
Total return(C) | 15.15 | %(D) | 11.10 | % | (10.38 | )%(D) | ||||||
Net assets end of period/year (000’s) | $ | 7,711 | $ | 2,999 | $ | 490 | ||||||
Ratio and supplemental data | ||||||||||||
Expenses to average net assets | ||||||||||||
After reimbursement/waiver or recapture | 1.44 | %(E) | 1.46 | % | 1.50 | %(E) | ||||||
Before reimbursement/waiver or recapture | 1.43 | %(E) | 1.51 | % | 1.52 | %(E) | ||||||
Net investment income to average net assets | 2.06 | %(E) | 1.76 | % | 1.56 | %(E),(F) | ||||||
Portfolio turnover rate | 13 | %(D) | 33 | % | 16 | %(D) |
(A) | Commenced operations March 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 Redemption Fees, if any. The impact of Redemption Fees is less than 0.01%. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 152
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
For a share outstanding throughout each period | Transamerica International Equity | |||||||||||
Class C | ||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011(A) | ||||||||||
Net asset value | ||||||||||||
Beginning of period/year | $ | 14.45 | $ | 13.40 | $ | 15.03 | ||||||
Investment operations | ||||||||||||
Net investment income(B) | 0.11 | 0.11 | 0.16 | |||||||||
Net realized and unrealized gain (loss) | 2.01 | 1.24 | (1.79 | ) | ||||||||
Total from investment operations | 2.12 | 1.35 | (1.63 | ) | ||||||||
Distributions | ||||||||||||
Net investment income | (0.22 | ) | (0.30 | ) | — | |||||||
Total distributions | (0.22 | ) | (0.30 | ) | — | |||||||
Net asset value | ||||||||||||
End of period/year | $ | 16.35 | $ | 14.45 | $ | 13.40 | ||||||
Total return(C) | 14.80 | %(D) | 10.49 | % | (10.84 | )%(D) | ||||||
Net assets at end of period/year (000’s) | $ | 10,302 | $ | 4,886 | $ | 113 | ||||||
Ratio and supplemental data | ||||||||||||
Expenses to average net assets | ||||||||||||
After reimbursement/waiver or recapture | 2.04 | %(E) | 2.04 | % | 2.14 | %(E) | ||||||
Before reimbursement/waiver or recapture | 2.04 | %(E) | 2.04 | % | 2.14 | %(E) | ||||||
Net investment income to average net assets | 1.51 | %(E) | 0.82 | % | 1.64 | %(E),(F) | ||||||
Portfolio turnover rate | 13 | %(D) | 33 | % | 16 | %(D) |
(A) | Commenced operations March 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 Redemption Fees, if any. The impact of Redemption Fees is less than 0.01%. |
For a share outstanding throughout each period | Transamerica International Equity | |||||||||||||||||||||||
Class I(A) | ||||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 14.65 | $ | 13.50 | $ | 13.97 | $ | 12.55 | $ | 9.94 | $ | 21.16 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(B) | 0.18 | 0.33 | 0.40 | 0.22 | 0.19 | 0.26 | ||||||||||||||||||
Net realized and unrealized gain (loss) | 2.04 | 1.17 | (0.68 | ) | 1.36 | 2.61 | (8.99 | ) | ||||||||||||||||
Total from investment operations | 2.22 | 1.50 | (0.28 | ) | 1.58 | 2.80 | (8.73 | ) | ||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.26 | ) | (0.35 | ) | (0.19 | ) | (0.16 | ) | (0.19 | ) | (0.20 | ) | ||||||||||||
Net realized gains on investments | — | — | — | — | — | (2.29 | ) | |||||||||||||||||
Total distributions | (0.26 | ) | (0.35 | ) | (0.19 | ) | (0.16 | ) | (0.19 | ) | (2.49 | ) | ||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 16.61 | $ | 14.65 | $ | 13.50 | $ | 13.97 | $ | 12.55 | $ | 9.94 | ||||||||||||
Total return(C) | 15.33 | %(D) | 11.58 | % | (2.05 | )% | 12.73 | % | 28.58 | % | (46.36 | )% | ||||||||||||
Net assets at end of period/year (000’s) | $ | 125,428 | $ | 90,012 | $ | 78,738 | $ | 75,271 | $ | 64,600 | $ | 51,529 | ||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 1.02 | %(E) | 1.05 | % | 1.16 | % | 1.43 | % | 1.67 | % | 1.52 | % | ||||||||||||
Before reimbursement/waiver or recapture | 1.02 | %(E) | 1.05 | % | 1.16 | % | 1.43 | % | 1.67 | % | 1.53 | % | ||||||||||||
Net investment income to average net assets | 2.38 | %(E) | 2.39 | % | 2.79 | % | 1.76 | % | 1.87 | % | 1.67 | % | ||||||||||||
Portfolio turnover rate | 13 | %(D) | 33 | % | 16 | % | 43 | % | 42 | % | 40 | % |
(A) | 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. |
(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. |
Note: Prior to November 1, 2009, 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 2013 |
Page 153
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
For a share outstanding throughout each period | Transamerica International Equity | |||||||||||
Class I2 | ||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011(A) | ||||||||||
Net asset value | ||||||||||||
Beginning of period/year | $ | 14.65 | $ | 13.51 | $ | 15.03 | ||||||
Investment operations | ||||||||||||
Net investment income(B) | 0.19 | 0.36 | 0.29 | |||||||||
Net realized and unrealized gain (loss) | 2.04 | 1.14 | (1.81 | ) | ||||||||
Total from investment operations | 2.23 | 1.50 | (1.52 | ) | ||||||||
Distributions | ||||||||||||
Net investment income | (0.27 | ) | (0.36 | ) | — | |||||||
Total distributions | (0.27 | ) | (0.36 | ) | — | |||||||
Net asset value | ||||||||||||
End of period/year | $ | 16.61 | $ | 14.65 | $ | 13.51 | ||||||
Total return(C) | 15.43 | %(D) | 11.64 | % | (10.11 | )%(D) | ||||||
Net assets at end of period/year (000’s) | $ | 262,670 | $ | 166,085 | $ | 46,313 | ||||||
Ratio and supplemental data | ||||||||||||
Expenses to average net assets | ||||||||||||
After reimbursement/waiver or recapture | 0.92 | %(E) | 0.95 | % | 1.02 | %(E) | ||||||
Before reimbursement/waiver or recapture | 0.92 | %(E) | 0.95 | % | 1.02 | %(E) | ||||||
Net investment income to average net assets | 2.49 | %(E) | 2.62 | % | 3.07 | %(E),(F) | ||||||
Portfolio turnover rate | 13 | %(D) | 33 | % | 16 | %(D) |
(A) | Commenced operations March 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 Redemption Fees, if any. The impact of Redemption Fees is less than 0.01%. |
For a share outstanding throughout each period | Transamerica International | |||||||
Class I | Class I2 | |||||||
April 30, 2013 (unaudited)(A) | April 30, 2013 (unaudited)(A) | |||||||
Net asset value | ||||||||
Beginning of period/year | $ | 10.00 | $ | 10.00 | ||||
Investment operations | ||||||||
Net investment income(B) | 0.16 | 0.12 | ||||||
Net realized and unrealized gain | 0.81 | 0.85 | ||||||
Total from investment operations | 0.97 | 0.97 | ||||||
Net asset value | ||||||||
End of period/year | $ | 10.97 | $ | 10.97 | ||||
Total return(C) | 9.70 | %(D) | 9.70 | %(D) | ||||
Net assets at end of period/year (000’s) | $ | 1,464 | $ | 157,981 | ||||
Ratio and supplemental data | ||||||||
Expenses to average net assets | ||||||||
After reimbursement/waiver or recapture | 1.22 | %(E) | 1.22 | %(E) | ||||
Before reimbursement/waiver or recapture | 1.35 | %(E) | 1.25 | %(E) | ||||
Net investment income to average net assets | 4.80 | %(E) | 3.45 | %(E) | ||||
Portfolio turnover rate | 4 | %(D) | 4 | %(D) |
(A) | Commenced operations January 4, 2013. |
(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. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 154
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
For a share outstanding throughout each period | Transamerica Large Cap Growth | |||||||
Class A | ||||||||
April 30, 2013 (unaudited) | October 31, 2012(A) | |||||||
Net asset value | ||||||||
Beginning of period/year | $ | 9.86 | $ | 10.00 | ||||
Investment operations | ||||||||
Net investment income(B) | 0.05 | 0.03 | ||||||
Net realized and unrealized gain (loss) | 1.00 | (0.17 | ) | |||||
Total from investment operations | 1.05 | (0.14 | ) | |||||
Distributions | ||||||||
Net investment income | (0.07 | ) | — | |||||
Total distributions | (0.07 | ) | — | |||||
Net asset value | ||||||||
End of period/year | $ | 10.84 | $ | 9.86 | ||||
Total return(C) | 10.70 | %(D) | (1.40 | )%(D) | ||||
Net assets end of period/year (000’s) | $ | 592 | $ | 419 | ||||
Ratio and supplemental data | ||||||||
Expenses to average net assets | ||||||||
After reimbursement/waiver or recapture | 1.17 | %(E) | 1.25 | %(E) | ||||
Before reimbursement/waiver or recapture | 1.17 | %(E) | 1.26 | %(E) | ||||
Net investment income to average net assets | 1.04 | %(E) | 0.65 | %(E) | ||||
Portfolio turnover rate | 9 | %(D) | 24 | %(D) |
(A) | Commenced operations April 30, 2012. |
(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. |
For a share outstanding throughout each period | Transamerica Large Cap Growth | |||||||
Class C | ||||||||
April 30, 2013 (unaudited) | October 31, 2012(A) | |||||||
Net asset value | ||||||||
Beginning of period/year | $ | 9.82 | $ | 10.00 | ||||
Investment operations | ||||||||
Net investment income(B) | 0.02 | — | (C) | |||||
Net realized and unrealized gain (loss) | 1.01 | (0.18 | ) | |||||
Total from investment operations | 1.03 | (0.18 | ) | |||||
Distributions | ||||||||
Net investment income | (0.05 | ) | — | |||||
Total distributions | (0.05 | ) | — | |||||
Net asset value | ||||||||
End of period/year | $ | 10.80 | $ | 9.82 | ||||
Total return(D) | 10.57 | %(E) | (1.80 | )%(E) | ||||
Net assets at end of period/year (000’s) | $ | 394 | $ | 280 | ||||
Ratio and supplemental data | ||||||||
Expenses to average net assets | ||||||||
After reimbursement/waiver or recapture | 1.85 | %(F) | 1.92 | %(F) | ||||
Before reimbursement/waiver or recapture | 1.85 | %(F) | 1.92 | %(F) | ||||
Net investment income to average net assets | 0.41 | %(F) | — | %(F),(G) | ||||
Portfolio turnover rate | 9 | %(E) | 24 | %(E) |
(A) | Commenced operations April 30, 2012. |
(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) | Rounds to less than 0.01% or (0.01)%. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 155
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
For a share outstanding throughout each period | Transamerica Large Cap Growth | |||||||
Class I | ||||||||
April 30, 2013 (unaudited) | October 31, 2012(A) | |||||||
Net asset value | ||||||||
Beginning of period/year | $ | 9.87 | $ | 10.00 | ||||
Investment operations | ||||||||
Net investment income(B) | 0.08 | 0.04 | ||||||
Net realized and unrealized gain (loss) | 0.99 | (0.17 | ) | |||||
Total from investment operations | 1.07 | (0.13 | ) | |||||
Distributions | ||||||||
Net investment income | (0.07 | ) | — | |||||
Total distributions | (0.07 | ) | — | |||||
Net asset value | ||||||||
End of period/year | $ | 10.87 | $ | 9.87 | ||||
Total return(C) | 10.95 | %(D) | (1.30 | )%(D) | ||||
Net assets at end of period/year (000’s) | $ | 309 | $ | 786 | ||||
Ratio and supplemental data | ||||||||
Expenses to average net assets | ||||||||
After reimbursement/waiver or recapture | 0.93 | %(E) | 0.95 | %(E) | ||||
Before reimbursement/waiver or recapture | 0.90 | %(E) | 0.98 | %(E) | ||||
Net investment income to average net assets | 1.56 | %(E) | 0.75 | %(E) | ||||
Portfolio turnover rate | 9 | %(D) | 24 | %(D) |
(A) | Commenced operations April 30, 2012. |
(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. |
For a share outstanding throughout each period | Transamerica Large Cap Growth | |||||||
Class I2 | ||||||||
April 30, 2013 (unaudited) | October 31, 2012(A) | |||||||
Net asset value | ||||||||
Beginning of period/year | $ | 9.88 | $ | 10.00 | ||||
Investment operations | ||||||||
Net investment income(B) | 0.06 | 0.05 | ||||||
Net realized and unrealized gain (loss) | 1.02 | (0.17 | ) | |||||
Total from investment operations | 1.08 | (0.12 | ) | |||||
Distributions | ||||||||
Net investment income | (0.08 | ) | — | |||||
Total distributions | (0.08 | ) | — | |||||
Net asset value | ||||||||
End of period/year | $ | 10.88 | $ | 9.88 | ||||
Total return(C) | 10.99 | %(D) | (1.20 | )%(D) | ||||
Net assets at end of period/year (000’s) | $ | 206,663 | $ | 135,305 | ||||
Ratio and supplemental data | ||||||||
Expenses to average net assets | ||||||||
After reimbursement/waiver or recapture | 0.80 | %(E) | 0.87 | %(E) | ||||
Before reimbursement/waiver or recapture | 0.80 | %(E) | 0.87 | %(E) | ||||
Net investment income to average net assets | 1.24 | %(E) | 1.07 | %(E) | ||||
Portfolio turnover rate | 9 | %(D) | 24 | %(D) |
(A) | Commenced operations April 30, 2012. |
(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. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 156
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
For a share outstanding throughout each period | Transamerica Large Cap Value | |||||||||||
Class A | ||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011(A) | ||||||||||
Net asset value | ||||||||||||
Beginning of period/year | $ | 11.77 | $ | 10.30 | $ | 10.00 | ||||||
Investment operations | ||||||||||||
Net investment income(B) | 0.07 | 0.16 | 0.11 | |||||||||
Net realized and unrealized gain | 1.79 | 1.51 | 0.28 | |||||||||
Total from investment operations | 1.86 | 1.67 | 0.39 | |||||||||
Distributions | ||||||||||||
Net investment income | (0.08 | ) | (0.20 | ) | (0.09 | ) | ||||||
Net realized gains on investments | (0.64 | ) | — | — | ||||||||
Total distributions | (0.72 | ) | (0.20 | ) | (0.09 | ) | ||||||
Net asset value | ||||||||||||
End of period/year | $ | 12.91 | $ | 11.77 | $ | 10.30 | ||||||
Total return(C) | 16.60 | %(D) | 16.40 | % | 3.94 | %(D) | ||||||
Net assets end of period/year (000’s) | $ | 3,774 | $ | 1,949 | $ | 1,021 | ||||||
Ratio and supplemental data | ||||||||||||
Expenses to average net assets | ||||||||||||
After reimbursement/waiver or recapture | 1.15 | %(E) | 1.26 | % | 1.32 | %(E) | ||||||
Before reimbursement/waiver or recapture | 1.15 | %(E) | 1.26 | % | 1.32 | %(E) | ||||||
Net investment income to average net assets | 1.22 | %(E) | 1.45 | % | 1.09 | %(E) | ||||||
Portfolio turnover rate | 61 | %(D) | 117 | % | 35 | %(D) |
(A) | Commenced operations November 15, 2010. |
(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. |
For a share outstanding throughout each period | Transamerica Large Cap Value | |||||||||||
Class C | ||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011(A) | ||||||||||
Net asset value | ||||||||||||
Beginning of period/year | $ | 11.76 | $ | 10.29 | $ | 10.00 | ||||||
Investment operations | ||||||||||||
Net investment income(B) | 0.04 | 0.10 | 0.06 | |||||||||
Net realized and unrealized gain | 1.78 | 1.50 | 0.28 | |||||||||
Total from investment operations | 1.82 | 1.60 | 0.34 | |||||||||
Distributions | ||||||||||||
Net investment income | (0.05 | ) | (0.13 | ) | (0.05 | ) | ||||||
Net realized gains on investments | (0.64 | ) | — | — | ||||||||
Total distributions | (0.69 | ) | (0.13 | ) | (0.05 | ) | ||||||
Net asset value | ||||||||||||
End of period/year | $ | 12.89 | $ | 11.76 | $ | 10.29 | ||||||
Total return(C) | 16.25 | %(D) | 15.64 | % | 3.38 | %(D) | ||||||
Net assets at end of period/year (000’s) | $ | 2,255 | $ | 1,716 | $ | 1,752 | ||||||
Ratio and supplemental data | ||||||||||||
Expenses to average net assets | ||||||||||||
After reimbursement/waiver or recapture | 1.79 | %(E) | 1.87 | % | 1.91 | %(E) | ||||||
Before reimbursement/waiver or recapture | 1.79 | %(E) | 1.87 | % | 1.91 | %(E) | ||||||
Net investment income to average net assets | 0.65 | %(E) | 0.90 | % | 0.49 | %(E) | ||||||
Portfolio turnover rate | 61 | %(D) | 117 | % | 35 | %(D) |
(A) | Commenced operations November 15, 2010. |
(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. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 157
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
For a share outstanding throughout each period | Transamerica Large Cap Value | |||||||||||
Class I | ||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011(A) | ||||||||||
Net asset value | ||||||||||||
Beginning of period/year | $ | 11.81 | $ | 10.31 | $ | 10.00 | ||||||
Investment operations | ||||||||||||
Net investment income(B) | 0.10 | 0.22 | 0.13 | |||||||||
Net realized and unrealized gain | 1.79 | 1.51 | 0.30 | |||||||||
Total from investment operations | 1.89 | 1.73 | 0.43 | |||||||||
Distributions | ||||||||||||
Net investment income | (0.11 | ) | (0.23 | ) | (0.12 | ) | ||||||
Net realized gains on investments | (0.64 | ) | — | — | ||||||||
Total distributions | (0.75 | ) | (0.23 | ) | (0.12 | ) | ||||||
Net asset value | ||||||||||||
End of period/year | $ | 12.95 | $ | 11.81 | $ | 10.31 | ||||||
Total return(C) | 16.81 | %(D) | 17.00 | % | 4.31 | %(D) | ||||||
Net assets at end of period/year (000’s) | $ | 4,492 | $ | 3,550 | $ | 7,855 | ||||||
Ratio and supplemental data | ||||||||||||
Expenses to average net assets | ||||||||||||
After reimbursement/waiver or recapture | 0.79 | %(E) | 0.83 | % | 0.95 | %(E) | ||||||
Before reimbursement/waiver or recapture | 0.79 | %(E) | 0.83 | % | 0.95 | %(E) | ||||||
Net investment income to average net assets | 1.69 | %(E) | 2.01 | % | 1.38 | %(E) | ||||||
Portfolio turnover rate | 61 | %(D) | 117 | % | 35 | %(D) |
(A) | Commenced operations November 15, 2010. |
(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. |
For a share outstanding throughout each period | Transamerica Large Cap Value | |||||||||||
Class I2 | ||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011(A) | ||||||||||
Net asset value | ||||||||||||
Beginning of period/year | $ | 11.80 | $ | 10.32 | $ | 10.00 | ||||||
Investment operations | ||||||||||||
Net investment income(B) | 0.11 | 0.23 | 0.16 | |||||||||
Net realized and unrealized gain | 1.78 | 1.49 | 0.30 | |||||||||
Total from investment operations | 1.89 | 1.72 | 0.46 | |||||||||
Distributions | ||||||||||||
Net investment income | (0.11 | ) | (0.24 | ) | (0.14 | ) | ||||||
Net realized gains on investments | (0.64 | ) | — | — | ||||||||
Total distributions | (0.75 | ) | (0.24 | ) | (0.14 | ) | ||||||
Net asset value | ||||||||||||
End of period/year | $ | 12.94 | $ | 11.80 | $ | 10.32 | ||||||
Total return(C) | 16.88 | %(D) | 16.90 | % | 4.60 | %(D) | ||||||
Net assets at end of period/year (000’s) | $ | 1,650,335 | $ | 1,320,011 | $ | 1,328,468 | ||||||
Ratio and supplemental data | ||||||||||||
Expenses to average net assets | ||||||||||||
After reimbursement/waiver or recapture | 0.69 | %(E) | 0.73 | % | 0.76 | %(E) | ||||||
Before reimbursement/waiver or recapture | 0.69 | %(E) | 0.73 | % | 0.76 | %(E) | ||||||
Net investment income to average net assets | 1.78 | %(E) | 2.04 | % | 1.61 | %(E) | ||||||
Portfolio turnover rate | 61 | %(D) | 117 | % | 35 | %(D) |
(A) | Commenced operations November 15, 2010. |
(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. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 158
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
For a share outstanding throughout each period | Transamerica MLP & Energy Income | |||||||||||||||
Class A | Class C | Class I | Class I2 | |||||||||||||
April 30, 2013 (unaudited)(A) | April 30, 2013 (unaudited)(A) | April 30, 2013 (unaudited)(A) | April 30, 2013 (unaudited)(A) | |||||||||||||
Net asset value | ||||||||||||||||
Beginning of period/year | $ | 10.00 | $ | 10.00 | $ | 10.00 | $ | 10.00 | ||||||||
Investment operations | ||||||||||||||||
Net investment income(B) | — | — | — | — | ||||||||||||
Net realized and unrealized gain (loss) | — | — | — | — | ||||||||||||
Total from investment operations | — | — | — | — | ||||||||||||
Net asset value | ||||||||||||||||
End of period/year | $ | 10.00 | $ | 10.00 | $ | 10.00 | $ | 10.00 | ||||||||
Total return(C) | — | %(D) | — | %(D) | — | %(D) | — | %(D) | ||||||||
Net assets end of period/year (000’s) | $ | 250 | $ | 250 | $ | 250 | $ | 30,000 | ||||||||
Ratios and supplemental data | ||||||||||||||||
Expenses to average net assets | ||||||||||||||||
After reimbursement/waiver or recapture | — | %(E) | — | %(E) | — | %(E) | — | %(E) | ||||||||
Before reimbursement/waiver or recapture | — | %(E) | — | %(E) | — | %(E) | — | %(E) | ||||||||
Net investment income to average net assets | — | %(E) | — | %(E) | — | %(E) | — | %(E) | ||||||||
Portfolio turnover rate | — | %(D) | — | %(D) | — | %(D) | — | %(D) |
(A) | Commenced operations on April 30, 2013. |
(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. |
For a share outstanding throughout each period | Transamerica Money Market | |||||||||||||||||||||||
Class A | ||||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(A) | — | (B) | — | (B) | — | (B) | — | (B) | — | (B) | 0.02 | |||||||||||||
Net realized and unrealized gain | — | — | — | — | (B) | — | (B) | — | (B) | |||||||||||||||
Total from investment operations | — | (B) | — | (B) | — | (B) | — | (B) | — | (B) | 0.02 | |||||||||||||
Net equalization credits and charges | — | — | — | — | (B) | — | — | |||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | — | (B) | — | (B) | — | (B) | — | (B) | — | (B) | (0.02 | ) | ||||||||||||
Total distributions | — | (B) | — | (B) | — | (B) | — | (B) | — | (B) | (0.02 | ) | ||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | ||||||||||||
Total return(C) | — | %(D),(E) | 0.01 | % | — | %(D) | 0.01 | % | 0.21 | % | 2.52 | % | ||||||||||||
Net assets end of period/year (000’s) | $ | 90,236 | $ | 95,801 | $ | 112,490 | $ | 119,744 | $ | 146,598 | $ | 142,456 | ||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 0.25 | %(F),(G) | 0.27 | %(G) | 0.20 | %(G) | 0.22 | %(G) | 0.60 | %(G) | 0.83 | % | ||||||||||||
Before reimbursement/waiver or recapture | 1.14 | %(F) | 1.17 | % | 1.26 | % | 1.19 | % | 1.11 | % | 1.08 | % | ||||||||||||
Net investment income to average net assets | — | %(D),(F) | — | %(D) | — | %(D) | — | %(D) | 0.20 | % | 2.40 | % |
(A) | Calculated based on average number of shares outstanding. |
(B) | Rounds to less than $0.01 or $(0.01). |
(C) | Total return has been calculated for the applicable period without deduction of a sales load, if any, on an initial purchase. |
(D) | Rounds to less than 0.01% or (0.01)%. |
(E) | Not annualized. |
(F) | Annualized. |
(G) | 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. |
Note: Prior to November 1, 2009, 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 2013 |
Page 159
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
For a share outstanding throughout each period | Transamerica Money Market | |||||||||||||||||||||||
Class B | ||||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(A) | — | (B) | — | (B) | — | (B) | — | (B) | — | (B) | 0.02 | |||||||||||||
Net realized and unrealized gain | — | — | — | — | (B) | — | (B) | — | (B) | |||||||||||||||
Total from investment operations | — | (B) | — | (B) | — | (B) | — | (B) | — | (B) | 0.02 | |||||||||||||
Net equalization credits and charges | — | — | — | — | (B) | — | — | |||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | — | (B) | — | (B) | — | (B) | — | (B) | — | (B) | (0.02 | ) | ||||||||||||
Total distributions | — | (B) | — | (B) | — | (B) | — | (B) | — | (B) | (0.02 | ) | ||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | ||||||||||||
Total return(C) | — | %(D),(E) | 0.01 | % | — | %(D) | 0.01 | % | 0.08 | % | 1.83 | % | ||||||||||||
Net assets at end of period/year (000’s) | $ | 7,668 | $ | 9,289 | $ | 15,318 | $ | 19,442 | $ | 35,612 | $ | 40,110 | ||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 0.25 | %(F),(G) | 0.27 | %(G) | 0.20 | %(G) | 0.21 | %(G) | 0.73 | %(G) | 1.48 | % | ||||||||||||
Before reimbursement/waiver or recapture | 1.88 | %(F) | 1.84 | % | 1.89 | % | 1.81 | % | 1.75 | % | 1.75 | % | ||||||||||||
Net investment income to average net assets | — | %(D),(F) | — | %(D) | — | %(D) | — | %(D) | 0.08 | % | 1.75 | % |
(A) | Calculated based on average number of shares outstanding. |
(B) | Rounds to less than $0.01 or $(0.01). |
(C) | Total return has been calculated for the applicable period without deduction of a sales load, if any, on an initial purchase. |
(D) | Rounds to less than 0.01% or (0.01)%. |
(E) | Not annualized. |
(F) | Annualized. |
(G) | 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. |
Note: Prior to November 1, 2009, the financial highlights were audited by another independent registered public accounting firm.
For a share outstanding throughout each period | Transamerica Money Market | |||||||||||||||||||||||
Class C | ||||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(A) | — | (B) | — | (B) | — | (B) | — | (B) | — | (B) | 0.02 | |||||||||||||
Net realized and unrealized gain | — | — | — | — | (B) | — | (B) | — | (B) | |||||||||||||||
Total from investment operations | — | (B) | — | (B) | — | (B) | — | (B) | — | (B) | 0.02 | |||||||||||||
Net equalization credits and charges | — | — | — | — | (B) | — | — | |||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | — | (B) | — | (B) | — | (B) | — | (B) | — | (B) | (0.02 | ) | ||||||||||||
Total distributions | — | (B) | — | (B) | — | (B) | — | (B) | — | (B) | (0.02 | ) | ||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | ||||||||||||
Total return(C) | — | %(D),(E) | — | %(D) | — | %(D) | 0.01 | % | 0.07 | % | 1.86 | % | ||||||||||||
Net assets at end of period/year (000’s) | $ | 27,056 | $ | 31,391 | $ | 36,078 | $ | 33,800 | $ | 46,177 | $ | 59,991 | ||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 0.25 | %(F),(G) | 0.27 | %(G) | 0.20 | %(G) | 0.22 | %(G) | 0.76 | %(G) | 1.48 | % | ||||||||||||
Before reimbursement/waiver or recapture | 1.67 | %(F) | 1.67 | % | 1.73 | % | 1.66 | % | 1.64 | % | 1.67 | % | ||||||||||||
Net investment income to average net assets | — | %(D),(F) | — | %(D) | — | %(D) | — | %(D) | 0.07 | % | 1.65 | % |
(A) | Calculated based on average number of shares outstanding. |
(B) | Rounds to less than $0.01 or $(0.01). |
(C) | Total return has been calculated for the applicable period without deduction of a sales load, if any, on an initial purchase. |
(D) | Rounds to less than 0.01% or (0.01)%. |
(E) | Not annualized. |
(F) | Annualized. |
(G) | 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. |
Note: Prior to November 1, 2009, 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 2013 |
Page 160
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
For a share outstanding throughout each period | Transamerica Money Market | |||||||||||||||
Class I | ||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010(A) | |||||||||||||
Net asset value | ||||||||||||||||
Beginning of period/year | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | ||||||||
Investment operations | ||||||||||||||||
Net investment income(B) | — | (C) | — | (C) | — | (C) | — | (C) | ||||||||
Net realized and unrealized gain | — | — | — | — | (C) | |||||||||||
Total from investment operations | — | (C) | — | (C) | — | (C) | — | (C) | ||||||||
Net equalization credits and charges | — | — | — | — | (C) | |||||||||||
Distributions | ||||||||||||||||
Net investment income | — | (C) | — | (C) | — | (C) | — | (C) | ||||||||
Total distributions | — | (C) | — | (C) | — | (C) | — | (C) | ||||||||
Net asset value | ||||||||||||||||
End of period/year | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | ||||||||
Total return(D) | 0.01 | %(E) | 0.02 | % | 0.01 | % | 0.01 | %(E) | ||||||||
Net assets at end of period/year (000’s) | $ | 24,450 | $ | 25,460 | $ | 55 | $ | 55 | ||||||||
Ratio and supplemental data | ||||||||||||||||
Expenses to average net assets | ||||||||||||||||
After reimbursement/waiver or recapture | 0.24 | %(F),(G) | 0.26 | %(F) | 0.19 | %(F) | 0.22 | %(F),(G) | ||||||||
Before reimbursement/waiver or recapture | 0.73 | %(G) | 0.72 | % | 3.60 | % | 3.17 | %(G) | ||||||||
Net investment income to average net assets | 0.02 | %(G) | 0.02 | % | 0.02 | %(G) | 0.01 | %(G) |
(A) | Commenced operations November 30, 2009. |
(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) | 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. |
(G) | Annualized. |
For a share outstanding throughout each period | Transamerica Money Market | |||||||||||||||||||||||
Class I2(A) | ||||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | |||||||||||||||||||
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) | — | (C) | — | (C) | — | (C) | — | (C) | — | (C) | 0.03 | |||||||||||||
Net realized and unrealized gain | — | — | — | — | (C) | — | (C) | — | ||||||||||||||||
Total from investment operations | — | (C) | — | (C) | — | (C) | — | (C) | — | (C) | 0.03 | |||||||||||||
Net equalization credits and charges | — | — | — | — | (C) | — | — | (C) | ||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | — | (C) | — | (C) | — | (C) | — | (C) | — | (C) | (0.03 | ) | ||||||||||||
Total distributions | — | (C) | — | (C) | — | (C) | — | (C) | — | (C) | (0.03 | ) | ||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | ||||||||||||
Total return(D) | 0.01 | %(E) | 0.03 | % | 0.01 | % | 0.01 | % | 0.35 | % | 2.84 | % | ||||||||||||
Net assets at end of period/year (000’s) | $ | 281,281 | $ | 652,465 | $ | 17,612 | $ | 21,773 | $ | 34,119 | $ | 29,327 | ||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 0.22 | %(F),(G) | 0.25 | %(G) | 0.19 | %(G) | 0.21 | %(G) | 0.45 | %(G) | 0.48 | % | ||||||||||||
Before reimbursement/waiver or recapture | 0.47 | %(F) | 0.50 | % | 0.55 | % | 0.50 | % | 0.53 | % | 0.49 | % | ||||||||||||
Net investment income to average net assets | 0.03 | %(F) | 0.03 | % | 0.02 | % | 0.01 | % | 0.36 | % | 2.89 | % |
(A) | Effective November 30, 2009, all previously existing Class I shares were re-designated as Class I2 Shares. |
(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) | 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. |
Note: Prior to November 1, 2009, 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 2013 |
Page 161
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
For a share outstanding throughout each period | Transamerica Multi-Managed Balanced | |||||||||||||||||||||||
Class A | ||||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 22.15 | $ | 23.34 | $ | 21.40 | $ | 17.85 | $ | 16.44 | $ | 25.70 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(A) | 0.12 | 0.26 | 0.25 | 0.52 | 0.28 | 0.28 | ||||||||||||||||||
Net realized and unrealized gain (loss) | 1.77 | 1.94 | 1.94 | 3.55 | 2.47 | (8.64 | ) | |||||||||||||||||
Total from investment operations | 1.89 | 2.20 | 2.19 | 4.07 | 2.75 | (8.36 | ) | |||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.14 | ) | (0.31 | ) | (0.25 | ) | (0.52 | ) | (0.31 | ) | (0.24 | ) | ||||||||||||
Net realized gains on investments | (0.78 | ) | (3.08 | ) | — | — | (1.03 | ) | (0.66 | ) | ||||||||||||||
Total distributions | (0.92 | ) | (3.39 | ) | (0.25 | ) | (0.52 | ) | (1.34 | ) | (0.90 | ) | ||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 23.12 | $ | 22.15 | $ | 23.34 | $ | 21.40 | $ | 17.85 | $ | 16.44 | ||||||||||||
Total return(B) | 8.85 | %(C) | 11.27 | % | 10.26 | % | 23.08 | % | 18.43 | % | (33.55 | )% | ||||||||||||
Net assets end of period/year (000’s) | $ | 138,357 | $ | 125,266 | $ | 107,146 | $ | 95,258 | $ | 60,279 | $ | 49,917 | ||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 1.39 | %(E) | 1.47 | % | 1.46 | % | 1.56 | %(D) | 1.73 | %(D) | 1.52 | % | ||||||||||||
Before reimbursement/waiver or recapture | 1.39 | %(E) | 1.43 | % | 1.49 | % | 1.56 | %(D) | 1.73 | %(D) | 1.52 | % | ||||||||||||
Net investment income to average net assets | 1.08 | %(E) | 1.20 | % | 1.09 | % | 2.67 | % | 1.72 | % | 1.27 | % | ||||||||||||
Portfolio turnover rate | 213 | %(C) | 153 | % | 263 | % | 99 | % | 100 | % | 52 | % |
(A) | Calculated based on average number of shares outstanding. |
(B) | Total return has been calculated for the applicable period without deduction of a sales load, if any, on an initial purchase. |
(C) | Not annualized. |
(D) | Includes extraordinary expenses. The impact of the extraordinary expenses was 0.01% and 0.02% for 2010 and 2009, respectively. |
(E) | Annualized. |
Note: Prior to November 1, 2009, the financial highlights were audited by another independent registered public accounting firm.
For a share outstanding throughout each period | Transamerica Multi-Managed Balanced | |||||||||||||||||||||||
Class B | ||||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 22.01 | $ | 23.23 | $ | 21.34 | $ | 17.79 | $ | 16.37 | $ | 25.58 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(A) | 0.02 | 0.08 | 0.06 | 0.33 | 0.16 | 0.13 | ||||||||||||||||||
Net realized and unrealized gain (loss) | 1.77 | 1.92 | 1.92 | 3.58 | 2.45 | (8.58 | ) | |||||||||||||||||
Total from investment operations | 1.79 | 2.00 | 1.98 | 3.91 | 2.61 | (8.45 | ) | |||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.04 | ) | (0.14 | ) | (0.09 | ) | (0.36 | ) | (0.17 | ) | (0.10 | ) | ||||||||||||
Net realized gains on investments | (0.78 | ) | (3.08 | ) | — | — | (1.03 | ) | (0.66 | ) | ||||||||||||||
Total distributions | (0.82 | ) | (3.22 | ) | (0.09 | ) | (0.36 | ) | (1.20 | ) | (0.76 | ) | ||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 22.98 | $ | 22.01 | $ | 23.23 | $ | 21.34 | $ | 17.79 | $ | 16.37 | ||||||||||||
Total return(B) | 8.42 | %(C) | 10.30 | % | 9.33 | % | 22.15 | % | 17.50 | % | (33.95 | )% | ||||||||||||
Net assets at end of period/year (000’s) | $ | 8,777 | $ | 9,074 | $ | 9,996 | $ | 14,658 | $ | 17,787 | $ | 32,469 | ||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 2.30 | %(E) | 2.33 | % | 2.29 | % | 2.34 | %(D) | 2.46 | %(D) | 2.15 | % | ||||||||||||
Before reimbursement/waiver or recapture | 2.30 | %(E) | 2.29 | % | 2.32 | % | 2.34 | %(D) | 2.46 | %(D) | 2.15 | % | ||||||||||||
Net investment income to average net assets | 0.20 | %(E) | 0.36 | % | 0.25 | % | 1.73 | % | 1.02 | % | 0.59 | % | ||||||||||||
Portfolio turnover rate | 213 | %(C) | 153 | % | 263 | % | 99 | % | 100 | % | 52 | % |
(A) | Calculated based on average number of shares outstanding. |
(B) | Total return has been calculated for the applicable period without deduction of a sales load, if any, on an initial purchase. |
(C) | Not annualized. |
(D) | Includes extraordinary expenses. The impact of the extraordinary expenses was 0.01%. |
(E) | Annualized. |
Note: Prior to November 1, 2009, 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 2013 |
Page 162
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
For a share outstanding throughout each period | Transamerica Multi-Managed Balanced | |||||||||||||||||||||||
Class C | ||||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 21.85 | $ | 23.09 | $ | 21.20 | $ | 17.69 | $ | 16.30 | $ | 25.50 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(A) | 0.05 | 0.13 | 0.13 | 0.40 | 0.18 | 0.15 | ||||||||||||||||||
Net realized and unrealized gain (loss) | 1.75 | 1.92 | 1.91 | 3.53 | 2.46 | (8.56 | ) | |||||||||||||||||
Total from investment operations | 1.80 | 2.05 | 2.04 | 3.93 | 2.64 | (8.41 | ) | |||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.07 | ) | (0.21 | ) | (0.15 | ) | (0.42 | ) | (0.22 | ) | (0.13 | ) | ||||||||||||
Net realized gains on investments | (0.78 | ) | (3.08 | ) | — | — | (1.03 | ) | (0.66 | ) | ||||||||||||||
Total distributions | (0.85 | ) | (3.29 | ) | (0.15 | ) | (0.42 | ) | (1.25 | ) | (0.79 | ) | ||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 22.80 | $ | 21.85 | $ | 23.09 | $ | 21.20 | $ | 17.69 | $ | 16.30 | ||||||||||||
Total return(C) | 8.54 | %(B) | 10.63 | % | 9.63 | % | 22.43 | % | 17.80 | % | (33.92 | )% | ||||||||||||
Net assets at end of period/year (000’s) | $ | 77,657 | $ | 62,789 | $ | 38,868 | $ | 24,194 | $ | 16,933 | $ | 17,719 | ||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 2.01 | %(D) | 2.04 | % | 2.03 | % | 2.11 | %(E) | 2.27 | %(E) | 2.08 | % | ||||||||||||
Before reimbursement/waiver or recapture | 2.01 | %(D) | 2.01 | % | 2.05 | % | 2.11 | %(E) | 2.27 | %(E) | 2.08 | % | ||||||||||||
Net investment income to average net assets | 0.45 | %(D) | 0.61 | % | 0.55 | % | 2.09 | % | 1.15 | % | 0.69 | % | ||||||||||||
Portfolio turnover rate | 213 | %(B) | 153 | % | 263 | % | 99 | % | 100 | % | 52 | % |
(A) | Calculated based on average number of shares outstanding. |
(B) | Not annualized. |
(C) | Total return has been calculated for the applicable period without deduction of a sales load, if any, on an initial purchase. |
(D) | Annualized. |
(E) | Includes extraordinary expenses. The impact of the extraordinary expenses was 0.01% and 0.02% for 2010 and 2009, respectively. |
Note: Prior to November 1, 2009, the financial highlights were audited by another independent registered public accounting firm.
For a share outstanding throughout each period | Transamerica Multi-Managed Balanced | |||||||||||||||
Class I | ||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010(A) | |||||||||||||
Net asset value | ||||||||||||||||
Beginning of period/year | $ | 22.22 | $ | 23.40 | $ | 21.46 | $ | 18.49 | ||||||||
Investment operations | ||||||||||||||||
Net investment income(B) | 0.17 | 0.36 | 0.38 | 0.57 | ||||||||||||
Net realized and unrealized gain | 1.77 | 1.94 | 1.91 | 2.98 | ||||||||||||
Total from investment operations | 1.94 | 2.30 | 2.29 | 3.55 | ||||||||||||
Distributions | ||||||||||||||||
Net investment income | (0.18 | ) | (0.40 | ) | (0.35 | ) | (0.58 | ) | ||||||||
Net realized gains on investments | (0.78 | ) | (3.08 | ) | — | — | ||||||||||
Total distributions | (0.96 | ) | (3.48 | ) | (0.35 | ) | (0.58 | ) | ||||||||
Net asset value | ||||||||||||||||
End of period/year | $ | 23.20 | $ | 22.22 | $ | 23.40 | $ | 21.46 | ||||||||
Total return(C) | 9.10 | %(D) | 11.76 | % | 10.70 | % | 19.52 | %(D) | ||||||||
Net assets at end of period/year (000’s) | $ | 174,983 | $ | 176,788 | $ | 12,086 | $ | 265 | ||||||||
Ratio and supplemental data | ||||||||||||||||
Expenses to average net assets | ||||||||||||||||
After reimbursement/waiver or recapture | 0.98 | %(E) | 0.99 | % | 1.00 | % | 1.46 | %(E),(F) | ||||||||
Before reimbursement/waiver or recapture | 0.98 | %(E) | 0.96 | % | 1.01 | % | 2.01 | %(E),(F) | ||||||||
Net investment income to average net assets | 1.50 | %(E) | 1.63 | % | 1.61 | % | 3.15 | %(E) | ||||||||
Portfolio turnover rate | 213 | %(D) | 153 | % | 263 | % | 99 | %(D) |
(A) | Commenced operations November 30, 2009. |
(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 extraordinary expenses. The impact of the extraordinary expenses was 0.01% and 0.02% for 2010 and 2009, respectively. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 163
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
For a share outstanding throughout each period | Transamerica Short-Term Bond | |||||||||||||||||||||||
Class A | ||||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008(A) | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 10.51 | $ | 10.33 | $ | 10.53 | $ | 10.26 | $ | 9.44 | $ | 10.00 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(B) | 0.13 | 0.33 | 0.37 | 0.43 | 0.51 | 0.38 | ||||||||||||||||||
Net realized and unrealized gain (loss) | 0.07 | 0.27 | (0.16 | ) | 0.29 | 0.78 | (0.54 | ) | ||||||||||||||||
Total from investment operations | 0.20 | 0.60 | 0.21 | 0.72 | 1.29 | (0.16 | ) | |||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.14 | ) | (0.35 | ) | (0.39 | ) | (0.45 | ) | (0.47 | ) | (0.40 | ) | ||||||||||||
Net realized gains on investments | (0.05 | ) | (0.07 | ) | (0.02 | ) | — | — | — | |||||||||||||||
Total distributions | (0.19 | ) | (0.42 | ) | (0.41 | ) | (0.45 | ) | (0.47 | ) | (0.40 | ) | ||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 10.52 | $ | 10.51 | $ | 10.33 | $ | 10.53 | $ | 10.26 | $ | 9.44 | ||||||||||||
Total return(C) | 1.91 | %(D) | 5.95 | % | 2.01 | % | 7.15 | % | 13.40 | % | (1.70 | )%(D) | ||||||||||||
Net assets end of period/year (000’s) | $ | 859,629 | $ | 793,493 | $ | 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) | 0.83 | % | 0.82 | % | 0.83 | % | 0.91 | % | 1.11 | %(E) | ||||||||||||
Before reimbursement/waiver or recapture | 0.87 | %(E) | 0.89 | % | 0.92 | % | 0.97 | % | 1.09 | % | 1.11 | %(E) | ||||||||||||
Net investment income to average net assets | 2.59 | %(E) | 3.22 | % | 3.58 | % | 4.16 | % | 5.14 | % | 3.92 | %(E) | ||||||||||||
Portfolio turnover rate | 39 | %(D) | 61 | % | 51 | % | 54 | % | 77 | % | 67 | %(D) |
(A) | Commenced operations November 1, 2007. |
(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. |
Note: Prior to November 1, 2009, the financial highlights were audited by another independent registered public accounting firm.
For a share outstanding throughout each period | Transamerica Short-Term Bond | |||||||||||||||||||||||
Class C | ||||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008(A) | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 10.49 | $ | 10.31 | $ | 10.51 | $ | 10.24 | $ | 9.42 | $ | 10.00 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(B) | 0.09 | 0.25 | 0.29 | 0.36 | 0.43 | 0.32 | ||||||||||||||||||
Net realized and unrealized gain (loss) | 0.07 | 0.27 | (0.17 | ) | 0.28 | 0.80 | (0.55 | ) | ||||||||||||||||
Total from investment operations | 0.16 | 0.52 | 0.12 | 0.64 | 1.23 | (0.23 | ) | |||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.10 | ) | (0.27 | ) | (0.30 | ) | (0.37 | ) | (0.41 | ) | (0.35 | ) | ||||||||||||
Net realized gains on investments | (0.05 | ) | (0.07 | ) | (0.02 | ) | — | — | — | |||||||||||||||
Total distributions | (0.15 | ) | (0.34 | ) | (0.32 | ) | (0.37 | ) | (0.41 | ) | (0.35 | ) | ||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 10.50 | $ | 10.49 | $ | 10.31 | $ | 10.51 | $ | 10.24 | $ | 9.42 | ||||||||||||
Total return(C) | 1.52 | %(D) | 5.15 | % | 1.23 | % | 6.32 | % | 12.74 | % | (2.43 | )%(D) | ||||||||||||
Net assets at end of period/year (000’s) | $ | 882,945 | $ | 837,435 | $ | 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 | % | 1.59 | % | 1.65 | % | 1.76 | %(E) | ||||||||||||
Before reimbursement/waiver or recapture | 1.59 | %(E) | 1.59 | % | 1.59 | % | 1.63 | % | 1.74 | % | 1.76 | %(E) | ||||||||||||
Net investment income to average net assets | 1.82 | %(E) | 2.46 | % | 2.81 | % | 3.40 | % | 4.38 | % | 3.28 | %(E) | ||||||||||||
Portfolio turnover rate | 39 | %(D) | 61 | % | 51 | % | 54 | % | 77 | % | 67 | %(D) |
(A) | Commenced operations November 1, 2007. |
(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. |
Note: Prior to November 1, 2009, 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 2013 |
Page 164
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
For a share outstanding throughout each period | Transamerica Short-Term Bond | |||||||||||||||
Class I | ||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010(A) | |||||||||||||
Net asset value | ||||||||||||||||
Beginning of period/year | $ | 10.33 | $ | 10.15 | $ | 10.35 | $ | 10.14 | ||||||||
Investment operations | ||||||||||||||||
Net investment income(B) | 0.14 | 0.35 | 0.38 | 0.39 | ||||||||||||
Net realized and unrealized gain (loss) | 0.06 | 0.26 | (0.16 | ) | 0.24 | |||||||||||
Total from investment operations | 0.20 | 0.61 | 0.22 | 0.63 | ||||||||||||
Distributions | ||||||||||||||||
Net investment income | (0.15 | ) | (0.36 | ) | (0.40 | ) | (0.42 | ) | ||||||||
Net realized gains on investments | (0.05 | ) | (0.07 | ) | (0.02 | ) | — | |||||||||
Total distributions | (0.20 | ) | (0.43 | ) | (0.42 | ) | (0.42 | ) | ||||||||
Net asset value | ||||||||||||||||
End of period/year | $ | 10.33 | $ | 10.33 | $ | 10.15 | $ | 10.35 | ||||||||
Total return(C) | 1.92 | %(D) | 6.21 | % | 2.16 | % | 6.34 | %(D) | ||||||||
Net assets at end of period/year (000’s) | $ | 400,070 | $ | 368,296 | $ | 270,667 | $ | 198,461 | ||||||||
Ratio and supplemental data | ||||||||||||||||
Expenses to average net assets | ||||||||||||||||
After reimbursement/waiver or recapture | 0.62 | %(E) | 0.63 | % | 0.64 | % | 0.65 | %(E) | ||||||||
Before reimbursement/waiver or recapture | 0.62 | %(E) | 0.63 | % | 0.64 | % | 0.67 | %(E) | ||||||||
Net investment income to average net assets | 2.78 | %(E) | 3.40 | % | 3.75 | % | 4.17 | %(E) | ||||||||
Portfolio turnover rate | 39 | %(D) | 61 | % | 51 | % | 54 | %(D) |
(A) | Commenced operations November 30, 2009. |
(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. |
For a share outstanding throughout each period | Transamerica Short-Term Bond | |||||||||||||||||||||||
Class I2(A) | ||||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 10.32 | $ | 10.14 | $ | 10.34 | $ | 10.08 | $ | 9.28 | $ | 9.82 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(B) | 0.15 | 0.36 | 0.40 | 0.46 | 0.50 | 0.43 | ||||||||||||||||||
Net realized and unrealized gain (loss) | 0.06 | 0.26 | (0.17 | ) | 0.27 | 0.80 | (0.54 | ) | ||||||||||||||||
Total from investment operations | 0.21 | 0.62 | 0.23 | 0.73 | 1.30 | (0.11 | ) | |||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.15 | ) | (0.37 | ) | (0.41 | ) | (0.47 | ) | (0.50 | ) | (0.43 | ) | ||||||||||||
Net realized gains on investments | (0.05 | ) | (0.07 | ) | (0.02 | ) | — | — | — | |||||||||||||||
Total distributions | (0.20 | ) | (0.44 | ) | (0.43 | ) | (0.47 | ) | (0.50 | ) | (0.43 | ) | ||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 10.33 | $ | 10.32 | $ | 10.14 | $ | 10.34 | $ | 10.08 | $ | 9.28 | ||||||||||||
Total return(C) | 2.07 | %(D) | 6.31 | % | 2.28 | % | 7.37 | % | 14.44 | % | (1.22 | )% | ||||||||||||
Net assets at end of period/year (000’s) | $ | 1,646,253 | $ | 1,521,804 | $ | 924,917 | $ | 999,064 | $ | 710,660 | $ | 492,333 | ||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 0.53 | %(E) | 0.53 | % | 0.53 | % | 0.53 | % | 0.63 | % | 0.68 | % | ||||||||||||
Before reimbursement/waiver or recapture | 0.53 | %(E) | 0.53 | % | 0.53 | % | 0.58 | % | 0.69 | % | 0.68 | % | ||||||||||||
Net investment income to average net assets | 2.89 | %(E) | 3.50 | % | 3.87 | % | 4.52 | % | 5.14 | % | 4.38 | % | ||||||||||||
Portfolio turnover rate | 39 | %(D) | 61 | % | 51 | % | 54 | % | 77 | % | 67 | % |
(A) | Effective November 30, 2009, all previously existing Class I shares were re-designated as Class I2 Shares. |
(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. |
Note: Prior to November 1, 2009, 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 2013 |
Page 165
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
For a share outstanding throughout each period | Transamerica Small Cap Growth | |||||||
Class A | ||||||||
April 30, 2013 (unaudited) | October 31, 2012(A) | |||||||
Net asset value | ||||||||
Beginning of period/year | $ | 9.38 | $ | 10.00 | ||||
Investment operations | ||||||||
Net investment loss(B) | (0.01 | ) | (0.02 | ) | ||||
Net realized and unrealized gain (loss) | 1.03 | (0.60 | ) | |||||
Total from investment operations | 1.02 | (0.62 | ) | |||||
Distributions | ||||||||
Net investment income | — | (C) | — | |||||
Total distributions | — | (C) | — | |||||
Net asset value | ||||||||
End of period/year | $ | 10.40 | $ | 9.38 | ||||
Total return(D) | 10.89 | %(E) | (6.20 | )%(E) | ||||
Net assets end of period/year (000’s) | $ | 319 | $ | 236 | ||||
Ratio and supplemental data | ||||||||
Expenses to average net assets | ||||||||
After reimbursement/waiver or recapture | 1.28 | %(F) | 1.45 | %(F) | ||||
Before reimbursement/waiver or recapture | 1.28 | %(F) | 1.52 | %(F) | ||||
Net investment loss to average net assets | (0.24 | )%(F) | (1.17 | )%(F) | ||||
Portfolio turnover rate | 41 | %(E) | 11 | %(E) |
(A) | Commenced operations August 31, 2012. |
(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. |
For a share outstanding throughout each period | Transamerica Small Cap Growth | |||||||
Class C | ||||||||
April 30, 2013 (unaudited) | October 31, 2012(A) | |||||||
Net asset value | ||||||||
Beginning of period/year | $ | 9.37 | $ | 10.00 | ||||
Investment operations | ||||||||
Net investment loss(B) | (0.04 | ) | (0.03 | ) | ||||
Net realized and unrealized gain (loss) | 1.02 | (0.60 | ) | |||||
Total from investment operations | 0.98 | (0.63 | ) | |||||
Distributions | ||||||||
Net investment income | — | (C) | — | |||||
Total distributions | — | (C) | — | |||||
Net asset value | ||||||||
End of period/year | $ | 10.35 | $ | 9.37 | ||||
Total return(D) | 10.46 | %(E) | (6.30 | )%(E) | ||||
Net assets at end of period/year (000’s) | $ | 306 | $ | 234 | ||||
Ratio and supplemental data | ||||||||
Expenses to average net assets | ||||||||
After reimbursement/waiver or recapture | 1.95 | %(F) | 2.15 | %(F) | ||||
Before reimbursement/waiver or recapture | 1.95 | %(F) | 2.21 | %(F) | ||||
Net investment loss to average net assets | (0.90 | )%(F) | (1.89 | )%(F) | ||||
Portfolio turnover rate | 41 | %(E) | 11 | %(E) |
(A) | Commenced operations August 31, 2012. |
(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. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 166
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
For a share outstanding throughout each period | Transamerica Small Cap Growth | |||||||
Class I | ||||||||
April 30, 2013 (unaudited) | October 31, 2012(A) | |||||||
Net asset value | ||||||||
Beginning of period/year | $ | 9.39 | $ | 10.00 | ||||
Investment operations | ||||||||
Net investment income (loss)(B) | — | (C) | (0.01 | ) | ||||
Net realized and unrealized gain (loss) | 1.02 | (0.60 | ) | |||||
Total from investment operations | 1.02 | (0.61 | ) | |||||
Distributions | ||||||||
Net investment income | (0.01 | ) | — | |||||
Total distributions | (0.01 | ) | — | |||||
Net asset value | ||||||||
End of period/year | $ | 10.40 | $ | 9.39 | ||||
Total return(E) | 10.87 | %(D) | (6.10 | )%(D) | ||||
Net assets at end of period/year (000’s) | $ | 301 | $ | 235 | ||||
Ratio and supplemental data | ||||||||
Expenses to average net assets | ||||||||
After reimbursement/waiver or recapture | 1.07 | %(F) | 1.15 | %(F) | ||||
Before reimbursement/waiver or recapture | 1.04 | %(F) | 1.31 | %(F) | ||||
Net investment loss to average net assets | (0.02 | )%(F) | (0.89 | )%(F) | ||||
Portfolio turnover rate | 41 | %(D) | 11 | %(D) |
(A) | Commenced operations August 31, 2012. |
(B) | Calculated based on average number of shares outstanding. |
(C) | Rounds to less than $0.01 or $(0.01). |
(D) | Not annualized. |
(E) | Total return has been calculated for the applicable period without deduction of a sales load, if any, on an initial purchase. |
(F) | Annualized. |
For a share outstanding throughout each period | Transamerica Small Cap Growth | |||||||
Class I2 | ||||||||
April 30, 2013 (unaudited) | October 31, 2012(A) | |||||||
Net asset value | ||||||||
Beginning of period/year | $ | 9.39 | $ | 10.00 | ||||
Investment operations | ||||||||
Net investment income (loss)(C) | — | (B) | (0.01 | ) | ||||
Net realized and unrealized gain (loss) | 1.03 | (0.60 | ) | |||||
Total from investment operations | 1.03 | (0.61 | ) | |||||
Distributions | ||||||||
Net investment income | (0.01 | ) | — | |||||
Total distributions | (0.01 | ) | — | |||||
Net asset value | ||||||||
End of period/year | $ | 10.41 | $ | 9.39 | ||||
Total return(D) | 10.99 | %(E) | (6.10 | )%(E) | ||||
Net assets at end of period/year (000’s) | $ | 439,372 | $ | 239,395 | ||||
Ratio and supplemental data | ||||||||
Expenses to average net assets | ||||||||
After reimbursement/waiver or recapture | 0.93 | %(F) | 1.15 | %(F) | ||||
Before reimbursement/waiver or recapture | 0.93 | %(F) | 1.21 | %(F) | ||||
Net investment income (loss) to average net assets | 0.06 | %(F) | (0.87 | )%(F) | ||||
Portfolio turnover rate | 41 | %(E) | 11 | %(E) |
(A) | Commenced operations August 31, 2012. |
(B) | Rounds to less than $0.01 or $(0.01). |
(C) | Calculated based on average number of shares outstanding. |
(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. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 167
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
For a share outstanding throughout each period | Transamerica Small Cap Value | |||||||
Class A | ||||||||
April 30, 2013 (unaudited) | October 31, 2012(A) | |||||||
Net asset value | ||||||||
Beginning of period/year | $ | 9.83 | $ | 10.00 | ||||
Investment operations | ||||||||
Net investment income(B) | 0.06 | 0.04 | ||||||
Net realized and unrealized gain (loss) | 1.54 | (0.21 | ) | |||||
Total from investment operations | 1.60 | (0.17 | ) | |||||
Distributions | ||||||||
Net investment income | (0.07 | ) | — | |||||
Total distributions | (0.07 | ) | — | |||||
Net asset value | ||||||||
End of period/year | $ | 11.36 | $ | 9.83 | ||||
Total return(C) | 16.34 | %(D) | (1.70 | )%(D) | ||||
Net assets end of period/year (000’s) | $ | 326 | $ | 268 | ||||
Ratio and supplemental data | ||||||||
Expenses to average net assets | ||||||||
After reimbursement/waiver or recapture | 1.45 | %(E) | 1.36 | %(E) | ||||
Before reimbursement/waiver or recapture | 2.37 | %(E) | 1.36 | %(E) | ||||
Net investment income to average net assets | 1.22 | %(E) | 0.91 | %(E) | ||||
Portfolio turnover rate | 23 | %(D) | 22 | %(D) |
(A) | Commenced operations April 30, 2012. |
(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. |
For a share outstanding throughout each period | Transamerica Small Cap Value | |||||||
Class C | ||||||||
April 30, 2013 (unaudited) | October 31, 2012(A) | |||||||
Net asset value | ||||||||
Beginning of period/year | $ | 9.79 | $ | 10.00 | ||||
Investment operations | ||||||||
Net investment income(B) | 0.03 | 0.01 | ||||||
Net realized and unrealized gain (loss) | 1.54 | (0.22 | ) | |||||
Total from investment operations | 1.57 | (0.21 | ) | |||||
Distributions | ||||||||
Net investment income | (0.02 | ) | — | |||||
Total distributions | (0.02 | ) | — | |||||
Net asset value | ||||||||
End of period/year | $ | 11.34 | $ | 9.79 | ||||
Total return(C) | 16.11 | %(D) | (2.10 | )%(D) | ||||
Net assets at end of period/year (000’s) | $ | 383 | $ | 251 | ||||
Ratio and supplemental data | ||||||||
Expenses to average net assets | ||||||||
After reimbursement/waiver or recapture | 1.99 | %(E) | 2.04 | %(E) | ||||
Before reimbursement/waiver or recapture | 1.99 | %(E) | 2.04 | %(E) | ||||
Net investment income to average net assets | 0.66 | %(E) | 0.24 | %(E) | ||||
Portfolio turnover rate | 23 | %(D) | 22 | %(D) |
(A) | Commenced operations April 30, 2012. |
(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. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 168
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
For a share outstanding throughout each period | Transamerica Small Cap Value | |||||||
Class I | ||||||||
April 30, 2013 (unaudited) | October 31, 2012(A) | |||||||
Net asset value | ||||||||
Beginning of period/year | $ | 9.84 | $ | 10.00 | ||||
Investment operations | ||||||||
Net investment income(B) | 0.09 | 0.06 | ||||||
Net realized and unrealized gain (loss) | 1.53 | (0.22 | ) | |||||
Total from investment operations | 1.62 | (0.16 | ) | |||||
Distributions | ||||||||
Net investment income | (0.08 | ) | — | |||||
Total distributions | (0.08 | ) | — | |||||
Net asset value | ||||||||
End of period/year | $ | 11.38 | $ | 9.84 | ||||
Total return(C) | 16.60 | %(D) | (1.60 | )%(D) | ||||
Net assets at end of period/year (000’s) | $ | 447 | $ | 371 | ||||
Ratio and supplemental data | ||||||||
Expenses to average net assets | ||||||||
After reimbursement/waiver or recapture | 1.05 | %(E) | 1.12 | %(E) | ||||
Before reimbursement/waiver or recapture | 1.05 | %(E) | 1.12 | %(E) | ||||
Net investment income to average net assets | 1.63 | %(E) | 1.17 | %(E) | ||||
Portfolio turnover rate | 23 | %(D) | 22 | %(D) |
(A) | Commenced operations April 30, 2012. |
(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. |
For a share outstanding throughout each period | Transamerica Small Cap Value | |||||||
Class I2 | ||||||||
April 30, 2013 (unaudited) | October 31, 2012(A) | |||||||
Net asset value | ||||||||
Beginning of period/year | $ | 9.84 | $ | 10.00 | ||||
Investment operations | ||||||||
Net investment income(B) | 0.08 | 0.06 | ||||||
Net realized and unrealized gain (loss) | 1.55 | (0.22 | ) | |||||
Total from investment operations | 1.63 | (0.16 | ) | |||||
Distributions | ||||||||
Net investment income | (0.09 | ) | — | |||||
Total distributions | (0.09 | ) | — | |||||
Net asset value | ||||||||
End of period/year | $ | 11.38 | $ | 9.84 | ||||
Total return(C) | 16.67 | %(D) | (1.60 | )%(D) | ||||
Net assets at end of period/year (000’s) | $ | 603,716 | $ | 288,664 | ||||
Ratio and supplemental data | ||||||||
Expenses to average net assets | ||||||||
After reimbursement/waiver or recapture | 0.95 | %(E) | 1.01 | %(E) | ||||
Before reimbursement/waiver or recapture | 0.95 | %(E) | 1.01 | %(E) | ||||
Net investment income to average net assets | 1.61 | %(E) | 1.30 | %(E) | ||||
Portfolio turnover rate | 23 | %(D) | 22 | %(D) |
(A) | Commenced operations April 30, 2012. |
(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. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 169
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
For a share outstanding throughout each period | Transamerica Small/Mid Cap Value | |||||||||||||||||||||||
Class A | ||||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 21.86 | $ | 20.65 | $ | 18.89 | $ | 14.72 | $ | 12.70 | $ | 23.78 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income (loss)(A) | 0.09 | 0.11 | (0.06 | ) | (0.02 | ) | — | (B) | 0.21 | |||||||||||||||
Net realized and unrealized gain (loss) | 3.44 | 2.24 | 1.82 | 4.19 | 2.33 | (8.64 | ) | |||||||||||||||||
Total from investment operations | 3.53 | 2.35 | 1.76 | 4.17 | 2.33 | (8.43 | ) | |||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.10 | ) | — | (B) | — | — | (0.31 | ) | (0.16 | ) | ||||||||||||||
Net realized gains on investments | — | (1.14 | ) | — | — | — | (2.49 | ) | ||||||||||||||||
Total distributions | (0.10 | ) | (1.14 | ) | — | — | (0.31 | ) | (2.65 | ) | ||||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 25.29 | $ | 21.86 | $ | 20.65 | $ | 18.89 | $ | 14.72 | $ | 12.70 | ||||||||||||
Total return(C) | 16.20 | %(D) | 12.28 | % | 9.32 | % | 28.33 | % | 19.12 | % | (39.47 | )% | ||||||||||||
Net assets end of period/year (000’s) | $ | 391,699 | $ | 332,085 | $ | 323,147 | $ | 283,240 | $ | 201,569 | $ | 199,210 | ||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 1.38 | %(E) | 1.41 | % | 1.43 | % | 1.47 | % | 1.59 | % | 1.41 | % | ||||||||||||
Before reimbursement/waiver or recapture | 1.38 | %(E) | 1.41 | % | 1.43 | % | 1.47 | % | 1.59 | % | 1.41 | % | ||||||||||||
Net investment income (loss) to average net asset | 0.81 | %(E) | 0.50 | % | (0.27 | )% | (0.12 | )% | — | %(F) | 1.18 | % | ||||||||||||
Portfolio turnover rate | 49 | %(D) | 74 | % | 174 | % | 57 | % | 101 | % | 48 | % |
(A) | Calculated based on average number of shares outstanding. |
(B) | Rounds to less than $0.01 or $(0.01). |
(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) | Rounds to less than 0.01% or (0.01)%. |
Note: Prior to November 1, 2009, the financial highlights were audited by another independent registered public accounting firm.
For a share outstanding throughout each period | Transamerica Small/Mid Cap Value | |||||||||||||||||||||||
Class B | ||||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 20.55 | $ | 19.60 | $ | 18.05 | $ | 14.16 | $ | 12.19 | $ | 22.89 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income (loss)(A) | 0.01 | (0.03 | ) | (0.20 | ) | (0.12 | ) | (0.08 | ) | 0.06 | ||||||||||||||
Net realized and unrealized gain (loss) | 3.23 | 2.12 | 1.75 | 4.01 | 2.26 | (8.27 | ) | |||||||||||||||||
Total from investment operations | 3.24 | 2.09 | 1.55 | 3.89 | 2.18 | (8.21 | ) | |||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | — | — | (B) | — | — | (0.21 | ) | — | ||||||||||||||||
Net realized gains on investments | — | (1.14 | ) | — | — | — | (2.49 | ) | ||||||||||||||||
Total distributions | — | (1.14 | ) | — | — | (0.21 | ) | (2.49 | ) | |||||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 23.79 | $ | 20.55 | $ | 19.60 | $ | 18.05 | $ | 14.16 | $ | 12.19 | ||||||||||||
Total return(C) | 15.77 | %(D) | 11.58 | % | 8.59 | % | 27.47 | % | 18.37 | % | (39.85 | )% | ||||||||||||
Net assets at end of period/year (000’s) | $ | 30,869 | $ | 29,615 | $ | 33,830 | $ | 38,355 | $ | 34,573 | $ | 31,716 | ||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 2.10 | %(E) | 2.08 | % | 2.09 | % | 2.12 | % | 2.24 | % | 2.07 | % | ||||||||||||
Before reimbursement/waiver or recapture | 2.10 | %(E) | 2.08 | % | 2.09 | % | 2.12 | % | 2.24 | % | 2.07 | % | ||||||||||||
Net investment income (loss) to average net assets | 0.10 | %(E) | (0.16 | )% | (0.95 | )% | (0.74 | )% | (0.66 | )% | 0.34 | % | ||||||||||||
Portfolio turnover rate | 49 | %(D) | 74 | % | 174 | % | 57 | % | 101 | % | 48 | % |
(A) | Calculated based on average number of shares outstanding. |
(B) | Rounds to less than $0.01 or $(0.01). |
(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. |
Note: Prior to November 1, 2009, 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 2013 |
Page 170
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
For a share outstanding throughout each period | Transamerica Small/Mid Cap Value | |||||||||||||||||||||||
Class C | ||||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 20.33 | $ | 19.40 | $ | 17.86 | $ | 14.00 | $ | 12.10 | $ | 22.81 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income (loss)(A) | 0.01 | (0.02 | ) | (0.18 | ) | (0.12 | ) | (0.08 | ) | 0.09 | ||||||||||||||
Net realized and unrealized gain (loss) | 3.20 | 2.09 | 1.72 | 3.98 | 2.23 | (8.24 | ) | |||||||||||||||||
Total from investment operations | 3.21 | 2.07 | 1.54 | 3.86 | 2.15 | (8.15 | ) | |||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | — | — | (B) | — | — | (0.25 | ) | (0.07 | ) | |||||||||||||||
Net realized gains on investments | — | (1.14 | ) | — | — | — | (2.49 | ) | ||||||||||||||||
Total distributions | — | (1.14 | ) | — | — | (0.25 | ) | (2.56 | ) | |||||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 23.54 | $ | 20.33 | $ | 19.40 | $ | 17.86 | $ | 14.00 | $ | 12.10 | ||||||||||||
Total return(C) | 15.79 | %(D) | 11.60 | % | 8.62 | % | 27.57 | % | 18.42 | % | (39.84 | )% | ||||||||||||
Net assets at end of period/year (000’s) | $ | 231,250 | $ | 198,356 | $ | 181,765 | $ | 169,903 | $ | 115,960 | $ | 95,729 | ||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 2.06 | %(E) | 2.04 | % | 2.05 | % | 2.07 | % | 2.20 | % | 2.04 | % | ||||||||||||
Before reimbursement/waiver or recapture | 2.06 | %(E) | 2.04 | % | 2.05 | % | 2.07 | % | 2.20 | % | 2.04 | % | ||||||||||||
Net investment income (loss) to average net assets | 0.13 | %(E) | (0.13 | )% | (0.89 | )% | (0.73 | )% | (0.63 | )% | 0.52 | % | ||||||||||||
Portfolio turnover rate | 49 | %(D) | 74 | % | 174 | % | 57 | % | 101 | % | 48 | % |
(A) | Calculated based on average number of shares outstanding. |
(B) | Rounds to less than $0.01 or $(0.01). |
(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. |
Note: Prior to November 1, 2009, the financial highlights were audited by another independent registered public accounting firm.
For a share outstanding throughout each period | Transamerica Small/Mid Cap Value | |||||||||||||||
Class I | ||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010(A) | |||||||||||||
Net asset value | ||||||||||||||||
Beginning of period/year | $ | 22.38 | $ | 21.03 | $ | 19.15 | $ | 15.44 | ||||||||
Investment operations | ||||||||||||||||
Net investment income (loss)(B) | 0.14 | 0.20 | 0.05 | (0.02 | ) | |||||||||||
Net realized and unrealized gain | 3.52 | 2.29 | 1.83 | 3.73 | ||||||||||||
Total from investment operations | 3.66 | 2.49 | 1.88 | 3.71 | ||||||||||||
Distributions | ||||||||||||||||
Net investment income | (0.20 | ) | — | (C) | — | — | ||||||||||
Net realized gains on investments | — | (1.14 | ) | — | — | |||||||||||
Total distributions | (0.20 | ) | (1.14 | ) | — | — | ||||||||||
Net asset value | ||||||||||||||||
End of period/year | $ | 25.84 | $ | 22.38 | $ | 21.03 | $ | 19.15 | ||||||||
Total return(D) | 16.45 | %(E) | 12.75 | % | 9.82 | % | 24.03 | %(E) | ||||||||
Net assets at end of period/year (000’s) | $ | 139,541 | $ | 105,664 | $ | 68,499 | $ | 40,346 | ||||||||
Ratio and supplemental data | ||||||||||||||||
Expenses to average net assets | ||||||||||||||||
After reimbursement/waiver or recapture | 0.99 | %(F) | 0.97 | % | 1.00 | % | 1.04 | %(F) | ||||||||
Before reimbursement/waiver or recapture | 0.99 | %(F) | 0.97 | % | 1.00 | % | 1.04 | %(F) | ||||||||
Net investment income (loss) to average net assets | 1.18 | %(F) | 0.93 | % | 0.24 | % | (0.11 | )%(F) | ||||||||
Portfolio turnover rate | 49 | %(E) | 74 | % | 174 | % | 57 | %(E) |
(A) | Commenced operations November 30, 2009. |
(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. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 171
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
For a share outstanding throughout each period | Transamerica Small/Mid Cap Value | |||||||||||||||||||||||
Class I2(A) | ||||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 22.41 | $ | 21.03 | $ | 19.13 | $ | 14.82 | $ | 12.81 | $ | 23.91 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(B) | 0.15 | 0.22 | 0.06 | 0.08 | 0.11 | 0.30 | ||||||||||||||||||
Net realized and unrealized gain (loss) | 3.52 | 2.30 | 1.84 | 4.23 | 2.31 | (8.67 | ) | |||||||||||||||||
Total from investment operations | 3.67 | 2.52 | 1.90 | 4.31 | 2.42 | (8.37 | ) | |||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.22 | ) | — | (C) | — | — | (0.41 | ) | (0.24 | ) | ||||||||||||||
Net realized gains on investments | — | (1.14 | ) | — | — | — | (2.49 | ) | ||||||||||||||||
Total distributions | (0.22 | ) | (1.14 | ) | — | — | (0.41 | ) | (2.73 | ) | ||||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 25.86 | $ | 22.41 | $ | 21.03 | $ | 19.13 | $ | 14.82 | $ | 12.81 | ||||||||||||
Total return(D) | 16.48 | %(E) | 12.90 | % | 9.93 | % | 29.00 | % | 19.85 | % | (39.11 | )% | ||||||||||||
Net assets at end of period/year (000’s) | $ | 18,774 | $ | 15,545 | $ | 12,935 | $ | 15,893 | $ | 10,746 | $ | 214,351 | ||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 0.89 | %(F) | 0.87 | % | 0.88 | % | 0.88 | % | 0.91 | % | 0.85 | % | ||||||||||||
Before reimbursement/waiver or recapture | 0.89 | %(F) | 0.87 | % | 0.88 | % | 0.88 | % | 0.91 | % | 0.85 | % | ||||||||||||
Net investment income to average net assets | 1.29 | %(F) | 1.03 | % | 0.26 | % | 0.47 | % | 0.89 | % | 1.58 | % | ||||||||||||
Portfolio turnover rate | 49 | %(E) | 74 | % | 174 | % | 57 | % | 101 | % | 48 | % |
(A) | Effective November 30, 2009, all previously existing Class I shares were re-designated as Class I2 Shares. |
(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. |
Note: Prior to November 1, 2009, the financial highlights were audited by another independent registered public accounting firm.
For a share outstanding throughout each period | Transamerica Tactical Allocation | |||||||||||
Class A | Class C | Class I | ||||||||||
April 30, 2013 (unaudited)(A) | April 30, 2013 (unaudited)(A) | April 30, 2013 (unaudited)(A) | ||||||||||
Net asset value | ||||||||||||
Beginning of period/year | $ | 10.00 | $ | 10.00 | $ | 10.00 | ||||||
Investment operations | ||||||||||||
Net investment income(B) | 0.07 | 0.01 | 0.04 | |||||||||
Net realized and unrealized gain | 0.52 | 0.54 | 0.57 | |||||||||
Total from investment operations | 0.59 | 0.55 | 0.61 | |||||||||
Distributions | ||||||||||||
Net investment income | (0.34 | ) | (0.37 | ) | (0.42 | ) | ||||||
Total distributions | (0.34 | ) | (0.37 | ) | (0.42 | ) | ||||||
Net asset value | ||||||||||||
End of period/year | $ | 10.25 | $ | 10.18 | $ | 10.19 | ||||||
Total return(C) | 6.03 | %(D) | 5.68 | %(D) | 6.28 | %(D) | ||||||
Net assets end of period/year (000’s) | $ | 2,516 | $ | 2,517 | $ | 3,264 | ||||||
Ratio and supplemental data | ||||||||||||
Expenses to average net assets | ||||||||||||
After reimbursement/waiver or recapture | 1.15 | %(E) | 1.84 | %(E) | 0.85 | %(E) | ||||||
Before reimbursement/waiver or recapture | 5.60 | %(E) | 6.27 | %(E) | 5.30 | %(E) | ||||||
Net investment income to average net assets | 1.50 | %(E) | 0.23 | %(E) | 0.88 | %(E) | ||||||
Portfolio turnover rate | 192 | %(D) | 192 | %(D) | 192 | %(D) |
(A) | Commenced operations October 31, 2012. |
(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. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 172
FINANCIAL HIGHLIGHTS (continued)
For the period and years ended:
For a share outstanding throughout each period | Transamerica Tactical Income | |||||||
Class A | ||||||||
April 30, 2013 (unaudited) | October 31, 2012(A) | |||||||
Net asset value | ||||||||
Beginning of period/year | $ | 10.25 | $ | 10.00 | ||||
Investment operations | ||||||||
Net investment income(B) | 0.18 | 0.33 | ||||||
Net realized and unrealized gain | 0.26 | 0.45 | ||||||
Total from investment operations | 0.44 | 0.78 | ||||||
Distributions | ||||||||
Net investment income | (0.30 | ) | (0.53 | ) | ||||
Net realized gains on investments | (0.04 | ) | — | |||||
Total distributions | (0.34 | ) | (0.53 | ) | ||||
Net asset value | ||||||||
End of period/year | $ | 10.35 | $ | 10.25 | ||||
Total return(C) | 4.40 | %(D) | 8.02 | % | ||||
Net assets end of period/year (000’s) | $ | 376,017 | $ | 254,763 | ||||
Ratio and supplemental data | ||||||||
Expenses to average net assets | ||||||||
After reimbursement/waiver or recapture | 0.88 | %(E) | 0.92 | % | ||||
Before reimbursement/waiver or recapture | 0.92 | %(E) | 0.98 | % | ||||
Net investment income to average net assets | 3.56 | %(E) | 3.27 | % | ||||
Portfolio turnover rate | 89 | %(D) | 142 | % |
(A) | Commenced operations October 31, 2011. Includes information from inception date of October 31, 2011 through period end. |
(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. |
For a share outstanding throughout each period | Transamerica Tactical Income | |||||||
Class C | ||||||||
April 30, 2013 (unaudited) | October 31, 2012(A) | |||||||
Net asset value | ||||||||
Beginning of period/year | $ | 10.22 | $ | 10.00 | ||||
Investment operations | ||||||||
Net investment income(B) | 0.14 | 0.25 | ||||||
Net realized and unrealized gain | 0.25 | 0.46 | ||||||
Total from investment operations | 0.39 | 0.71 | ||||||
Distributions | ||||||||
Net investment income | (0.26 | ) | (0.49 | ) | ||||
Net realized gains on investments | (0.04 | ) | — | |||||
Total distributions | (0.30 | ) | (0.49 | ) | ||||
Net asset value | ||||||||
End of period/year | $ | 10.31 | $ | 10.22 | ||||
Total return(C) | 3.93 | %(D) | 7.26 | % | ||||
Net assets at end of period/year (000’s) | $ | 467,670 | $ | 279,728 | ||||
Ratio and supplemental data | ||||||||
Expenses to average net assets | ||||||||
After reimbursement/waiver or recapture | 1.64 | %(E) | 1.67 | % | ||||
Before reimbursement/waiver or recapture | 1.63 | %(E) | 1.68 | % | ||||
Net investment income to average net assets | 2.76 | %(E) | 2.48 | % | ||||
Portfolio turnover rate | 89 | %(D) | 142 | % |
(A) | Commenced operations October 31, 2011. Includes information from inception date of October 31, 2011 through period end. |
(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. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 173
FINANCIAL HIGHLIGHTS (continued)
For the period and years ended:
For a share outstanding throughout each period | Transamerica Tactical Income | |||||||
Class I | ||||||||
April 30, 2013 (unaudited) | October 31, 2012(A) | |||||||
Net asset value | ||||||||
Beginning of period/year | $ | 10.26 | $ | 10.00 | ||||
Investment operations | ||||||||
Net investment income(B) | 0.19 | 0.37 | ||||||
Net realized and unrealized gain | 0.25 | 0.44 | ||||||
Total from investment operations | 0.44 | 0.81 | ||||||
Distributions | ||||||||
Net investment income | (0.31 | ) | (0.55 | ) | ||||
Net realized gains on investments | (0.04 | ) | — | |||||
Total distributions | (0.35 | ) | (0.55 | ) | ||||
Net asset value | ||||||||
End of period/year | $ | 10.35 | $ | 10.26 | ||||
Total return(C) | 4.41 | %(D) | 8.35 | % | ||||
Net assets at end of period/year (000’s) | $ | 318,954 | $ | 240,339 | ||||
Ratio and supplemental data | ||||||||
Expenses to average net assets | ||||||||
After reimbursement/waiver or recapture | 0.67 | %(E) | 0.67 | % | ||||
Before reimbursement/waiver or recapture | 0.65 | %(E) | 0.72 | % | ||||
Net investment income to average net assets | 3.81 | %(E) | 3.61 | % | ||||
Portfolio turnover rate | 89 | %(D) | 142 | % |
(A) | Commenced operations October 31, 2011. Includes information from inception date of October 31, 2011 through period end. |
(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. |
For a share outstanding throughout each period | Transamerica Tactical Rotation | |||||||||||
Class A | Class C | Class I | ||||||||||
April 30, 2013 (unaudited)(A) | April 30, 2013 (unaudited)(A) | April 30, 2013 (unaudited)(A) | ||||||||||
Net asset value | ||||||||||||
Beginning of period/year | $ | 10.00 | $ | 10.00 | $ | 10.00 | ||||||
Investment operations | ||||||||||||
Net investment income (loss)(B) | 0.01 | (0.02 | ) | 0.03 | ||||||||
Net realized and unrealized gain | 0.91 | 0.90 | 0.91 | |||||||||
Total from investment operations | 0.92 | 0.88 | 0.94 | |||||||||
Distributions | ||||||||||||
Net investment income | (0.49 | ) | (0.48 | ) | (0.55 | ) | ||||||
Total distributions | (0.49 | ) | (0.48 | ) | (0.55 | ) | ||||||
Net asset value | ||||||||||||
End of period/year | $ | 10.43 | $ | 10.40 | $ | 10.39 | ||||||
Total return(C) | 9.61 | %(D) | 9.21 | %(D) | 9.86 | %(D) | ||||||
Net assets end of period/year (000’s) | $ | 2,022 | $ | 1,266 | $ | 940 | ||||||
Ratio and supplemental data | ||||||||||||
Expenses to average net assets | ||||||||||||
After reimbursement/waiver or recapture | 1.15 | %(E) | 1.85 | %(E) | 0.84 | %(E) | ||||||
Before reimbursement/waiver or recapture | 10.18 | %(E) | 10.88 | %(E) | 9.89 | %(E) | ||||||
Net investment income to average net assets | 0.29 | %(E) | (0.37 | )%(E) | 0.69 | %(E) | ||||||
Portfolio turnover rate | 189 | %(D) | 189 | %(D) | 189 | %(D) |
(A) | Commenced operations October 31, 2012. |
(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. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 174
NOTES TO FINANCIAL STATEMENTS
At April 30, 2013
(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 Enhanced Muni, Transamerica Income & Growth, Transamerica Tactical Allocation, and Transamerica Tactical Rotation commenced operations on October 31, 2012. Transamerica Dividend Focused and Transamerica International Small Cap Value commenced operations on January 4, 2013. Transamerica MLP & Energy Income commenced operations on April 30, 2013.
Transamerica Capital Growth, Transamerica Diversified Equity, Transamerica Dividend Focused, Transamerica Emerging Markets Debt, Transamerica Emerging Markets Equity, Transamerica Enhanced Muni, Transamerica Flexible Income, Transamerica Growth Opportunities, Transamerica High Yield Bond, Transamerica Income & Growth, Transamerica International Bond, Transamerica International Equity, Transamerica International Small Cap Value, Transamerica Large Cap Growth, Transamerica Large Cap Value, Transamerica MLP & Energy Income, Transamerica Money Market, Transamerica Multi-Managed Balanced, Transamerica Short-Term Bond, Transamerica Small Cap Growth, Transamerica Small Cap Value, Transamerica Small/Mid Cap Value, Transamerica Tactical Allocation, Transamerica Tactical Income and Transamerica Tactical Rotation (each, a “Fund” and collectively, the “Funds”) are series of the Trust.
Transamerica Emerging Markets Debt, Transamerica MLP & Energy Income and Transamerica International Bond are “non-diversified” funds, as defined under the 1940 Act.
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, Transamerica International Bond began offering three new classes of shares: Class A, Class C, and Class I.
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 Dividend Focused, Transamerica Income & Growth, Transamerica Emerging Markets Debt, Transamerica Emerging Markets Equity, Transamerica International Bond, Transamerica International Equity, Transamerica Large Cap Growth, Transamerica Large Cap Value, Transamerica MLP & Energy Income, Transamerica Short-Term Bond, Transamerica Small Cap Growth, and Transamerica Small Cap Value currently have four classes of shares: Class A, Class C, Class I, and Class I2. Transamerica Enhanced Muni, Transamerica Tactical Allocation, Transamerica Tactical Income, and Transamerica Tactical Rotation currently have three classes of shares: Class A, Class C, and Class I. Transamerica International Small Cap Value currently has two classes of shares: Class I and Class I2. 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 additional 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.
Securities lending: Securities are lent to qualified financial institutions and brokers. The lending of 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. The lending agent has agreed to indemnify the Funds in the case of default of any securities borrower.
Cash collateral received is invested in the State Street Navigator Securities Lending Trust-Prime Portfolio (“Navigator”), a money market mutual fund registered under the 1940 Act. The Transamerica Asset Management family of mutual funds is a significant shareholder of the Navigator as of April 30, 2013. No individual fund has a significant holding in the Navigator.
Transamerica Funds | Semi-Annual Report 2013 |
Page 175
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2013
(unaudited)
NOTE 1. (continued)
By lending securities, a Fund seeks to increase its net investment income through the receipt of interest and fees.
Such income is reflected separately in the Statements of Operations. Income from loaned securities in the Statements of Operations is net of fees and rebates earned by the lending agent for its services. The value of loaned securities and related collateral outstanding at April 30, 2013 are shown in the Schedules of Investments and Statements of Assets and Liabilities.
Repurchase agreements: Securities purchased subject to a repurchase agreement are held at the Funds’ custodian, or designated sub-custodian related to tri-party repurchase agreements, and, pursuant to the terms of the repurchase agreement, 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 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 taxes: The Funds may be subjected to taxes imposed by the countries in which they invest, with respect to their investments in issuers existing or operating in such countries. The Funds may also 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 when the related income or capital gains are earned, and based upon the current interpretation of tax rules and regulations that exist in the markets in which the Funds invest. 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 of 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, with the exception of Transamerica Money Market (“Money Market”), 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, 2013 are listed in the Schedules of Investments.
Option 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, with the exception of Money Market, enter into option contracts to manage exposure to various market fluctuations. Funds purchase or write put and call options on U.S. securities, indices, futures, swaps (“swaptions”), commodities, and currency transactions. 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. Options are marked-to-market daily to reflect the current value of the option. Premiums paid for purchasing options or premiums received from writing options which expire are treated as realized losses or realized gains, respectively. Realized gains or losses are reflected in the realized gains or losses of investment securities in the Statements of Operations. 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.
Purchased options: 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 Statement of Assets and Liabilities as an investment and subsequently marked-to-market to reflect the current value of the option. The risk associated with purchasing put and call options is limited to the premium paid. Premiums paid from options which expire are treated as realized losses.
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NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2013
(unaudited)
NOTE 1. (continued)
Premiums paid for purchasing options which are exercised or closed are added to the amounts paid or offset against the proceeds on the underlying U.S. security, index, future, swaption, commodity, or currency transaction to determine the realized gain or loss.
Written options: Writing call options tends to decrease exposure to the underlying investment. Writing put options tends to increase exposure to the underlying investment. When a Fund writes a covered call or put option, the premium received is recorded as a liability in the Statement of Assets and Liabilities and is subsequently marked-to-market to reflect the current market value of the option written. Premiums received from written options which expire unexercised 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 U.S. security, index, future, swaption, commodity, or currency transaction to determine the realized gain or loss. In writing an option, a Fund bears the market risk of an unfavorable change in the price of the security or currency underlying the written option. Exercise of an option written by the Fund could result in a Fund selling or buying a security or currency at a price different from the current market value.
Inflation-capped options: A Fund purchases or writes inflation-capped options to enhance returns or for hedging opportunities. The purpose of purchasing inflation-capped options is to protect a Fund 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.
Straddle swaption contracts: The Funds enter into straddle swaption contracts. A straddle swaption is an investment strategy that consists of two swaptions, each with a different underlying swap, wherein the holder buys both a payer and receiver option on the same floating rate. If the floating rate falls, the holder receives the fixed rate, and if the floating rate rises, the holder pays the fixed rate.
The underlying face amounts of open option and swaption contracts at April 30, 2013 are listed in the Schedules of Investments.
Transactions in written options were as follows:
Transamerica Multi Managed Balanced | Premiums | Contracts | ||||||
Balance at October 31, 2012 | $ | — | — | |||||
Sales | 57,187 | 217 | ||||||
Closing Buys | (42,276 | ) | (157 | ) | ||||
Expirations | — | — | ||||||
Exercised | — | — | ||||||
|
|
|
| |||||
Balance at April 30, 2013 | $ | 14,911 | 60 |
There were no transactions in written swaptions during the period ended April 30, 2013.
Futures contracts: The Funds are subject to equity and commodity price risks, interest rate risk, and foreign currency exchange rate risk in the normal course of pursuing their investment objectives. The Funds, with the exception of Money Market, use futures contracts to gain exposure to, or hedge against, changes in the value of equities and commodities, 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 in 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 contract, 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 equity and commodity prices, interest rates, or exchange rates 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, 2013 are listed in the Schedules of Investments. The variation margin receivable or payable, as applicable, is included in the Statements of Assets and Liabilities.
Cash overdraft: Throughout the period, the Funds may have cash overdraft balances. A fee is incurred on these overdrafts, calculated by multiplying the overdraft by a rate based on the federal funds rate. Payables, if any, are reflected as Due to Custodian in the Statements of Assets and Liabilities. Expenses from cash overdrafts are included in Other in the Statements of Operations.
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 purchase or sold in the Statement of Assets and Liabilities.
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NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2013
(unaudited)
NOTE 1. (continued)
When-Issued, forward delivery securities and Delayed Delivery Settlements: The Funds may purchase or sell securities on a when-issued, forward (delayed) delivery basis or delayed settlement. When-issued and forward delivery transactions are made conditionally because a security, although authorized, has not yet been issued in the market. Settlement of such transactions normally occurs within a month or more after the purchase or sale commitment is made. The Funds engage in when-issued transactions to obtain an advantageous price and yield at the time of the transaction. The Funds engage in when-issued and forward delivery transactions for the purpose of acquiring securities, but may enter into a separate agreement to sell the securities before the settlement date. Since the value of securities purchased may fluctuate prior to settlement, the Funds may be required to pay more at settlement than the security is worth. In addition, the Funds are not entitled to any of the interest earned prior to settlement.
Delayed Delivery transactions involve a commitment by the Funds to purchase or sell securities for a predetermined price or yield, with payment and delivery taking place beyond the customary settlement period. When delayed-delivery transactions are outstanding, the Fund will segregate with its custodian cash, U.S. Government securities or other liquid assets at least equal to the value or purchase commitments until payment is made. When purchasing a security on a delayed delivery basis, the Funds assume the rights and risks of ownership of the security, including the risk of price and yield fluctuations. These transactions also involve a risk to the Funds if the other party to the transaction defaults on its obligation to make payment or delivery, and the Funds are delayed or prevented from completing the transaction. The Funds may dispose of or renegotiate a delayed delivery transaction after it is entered into which may result in a realized gain or loss. When the Funds sell a security on a delayed delivery basis, the Funds do not participate in future gains and losses on the security.
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 unrealized appreciation or depreciation on investments to interest receivable in the Statements of Assets and Liabilities.
The PIKs at April 30, 2013 are listed in the Schedules of Investments.
Restricted and illiquid securities: The Funds may invest in unregulated or otherwise restricted 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, 2013 are listed in the Schedules of Investments.
Commission recapture: The sub-adviser, to the extent consistent with the best execution and usual commission rate policies and practices, has 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, 2013, are included in net realized gain (loss) in the Statements of Operations and are summarized as follows:
Fund Name | Commissions | |||
Transamerica Capital Growth | $ | 39,231 | ||
Transamerica Diversified Equity | 24 | |||
Transamerica Growth Opportunities | 22,723 | |||
Transamerica International Equity | 761 | |||
Transamerica International Small Cap Value | 1,486 | |||
Transamerica Large Cap Growth | 422 | |||
Transamerica Large Cap Value | 37,682 | |||
Transamerica Multi-Managed Balanced | 9,645 | |||
Transamerica Small Cap Growth | 11,228 | |||
Transamerica Small Cap Value | 121,696 | |||
Transamerica Small/Mid Cap Value | 73,641 |
Transamerica Funds | Semi-Annual Report 2013 |
Page 178
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2013
(unaudited)
NOTE 1. (continued)
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, 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.
Real estate investment trust (“REITs”): Dividend income related to a Real Estate Investment Trust is recorded at management’s estimate of the income included in 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.
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.
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. Each class bears its own specific expenses in addition to the non-class 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.
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 included in 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 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”) internal valuation committee’s (the “Valuation Committee”) 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-adviser, 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 Funds’ Board of Trustees has delegated the valuation functions on a day-to-day basis to TAM, subject to board oversight. TAM has formed the Valuation Committee to monitor and implement the fair valuation policies and procedures as approved by the Board of Trustees. These policies and procedures are reviewed at least annually by the Board of Trustees. The Valuation Committee, among other tasks, monitors for when market quotations are not readily available or are unreliable and determines in good faith the fair value of portfolio investments. 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. The Valuation Committee may employ a market-based approach which may use related or comparable assets or liabilities, recent transactions, market multiples, book values, and other relevant information for the security to determine the fair value of the security. An income-based valuation approach may also be used in which the anticipated future cash flows of the security are discounted to calculate fair value. Discounts may also be applied due to the nature or duration of any restrictions on the disposition of the securities. When the Funds use fair value methods that rely on significant unobservable inputs to determine a security’s value, the Valuation Committee will choose the method
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Page 179
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2013
(unaudited)
NOTE 2. (continued)
that is believed to accurately reflect fair market value. These securities are categorized as Level 3 of the fair value hierarchy. The Valuation Committee reviews fair value measurements on a regular and ad hoc basis and may, as deemed appropriate, update the security valuations as well as the fair valuation guidelines.
The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, but not limited to, the type of security, whether the security is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the security. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is generally greatest for instruments categorized in Level 3. Due to the inherent uncertainty of valuation, TAM’s Valuation Committee’s determination of values may differ significantly from values that would have been realized had a ready market for investments existed and the differences could be material. The Valuation Committee employs various methods for calibrating these valuation approaches including a regular review of valuation methodologies, key inputs and assumptions, transactional back-testing and reviews of any market related activity.
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.
For assets and liabilities using significant unobservable inputs (Level 3), GAAP requires a reconciliation of the beginning to the ending balances for reported market values that presents changes attributed to total realized and unrealized gains or losses, purchases and sales, and transfers in or 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.
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 stocks): 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 and other equities traded on inactive markets or valued by reference to similar instruments are also generally categorized in Level 2 or Level 3 if inputs are unobservable.
Securities lending collateral: Securities lending collateral is invested in a money market fund which is valued at the net asset value of the underlying securities and no valuation adjustments are applied. It is categorized in Level 1 of the fair value hierarchy.
Repurchase agreements: Repurchase agreements are traded on inactive markets or valued by reference to similar instruments and are generally categorized as Level 2.
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.
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Page 180
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2013
(unaudited)
NOTE 2. (continued)
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; otherwise they would be categorized as Level 3.
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 or Level 3 if inputs are unobservable.
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; otherwise they would be categorized as Level 3.
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 observable 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, swaption, and option contracts related to interest rates, foreign currencies, credit standing of reference entities, equity prices, or commodity prices. Depending on the product and the terms of the transaction, the fair value of the OTC derivative products are modeled taking into account the counterparties’ creditworthiness and using a series of techniques, including simulation models.
Many pricing models do not entail material subjectivity because the methodologies employed do not necessitate significant judgments and the pricing inputs are observed from actively quoted markets, as is the case of interest rate swap and option contracts. 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 or Level 3 if inputs are unobservable.
The hierarchy classification of inputs used to value the Funds’ investments, at April 30, 2013, is disclosed in the Valuation Summary of each 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.
AEGON USA Investment Management, LLC (“AUIM”) is both an affiliate and sub-adviser of Transamerica Flexible Income, Transamerica High Yield Bond, Transamerica Money Market, Transamerica Short-Term Bond, Transamerica Tactical Allocation, Transamerica Tactical Income, and Transamerica Tactical Rotation.
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 trustees of TAM, AUIM, 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, 2013, TAM had investments in the Funds as follows:
Fund Name | Market Value | % of Fund’s Net Assets | ||||||
Transamerica Tactical Rotation | ||||||||
Class A | $ | 274,031 | 6.48 | % | ||||
Class C | 273,014 | 6.46 | ||||||
Class I | 274,651 | 6.50 |
Transamerica Funds | Semi-Annual Report 2013 |
Page 181
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2013
(unaudited)
NOTE 3. (continued)
The following schedule reflects the percentage of each Fund’s assets owned by affiliated investment companies at April 30, 2013:
Transamerica Capital Growth | Market Value | % of Net Assets | ||||||
Transamerica Asset Allocation-Conservative Portfolio | $ | 14,250,934 | 2.11 | % | ||||
Transamerica Asset Allocation-Growth Portfolio | 70,758,516 | 10.48 | ||||||
Transamerica Asset Allocation-Moderate Growth Portfolio | 97,155,333 | 14.39 | ||||||
Transamerica Asset Allocation-Moderate Portfolio | 46,278,251 | 6.86 | ||||||
Transamerica Asset Allocation-Conservative VP | 37,342,376 | 5.53 | ||||||
Transamerica Asset Allocation-Growth VP | 26,926,281 | 3.99 | ||||||
Transamerica Asset Allocation-Moderate Growth VP | 137,186,093 | 20.33 | ||||||
Transamerica Asset Allocation-Moderate VP | 60,417,239 | 8.95 | ||||||
Total | $ | 490,315,023 | 72.64 | % | ||||
Transamerica Diversified Equity | Market Value | % of Net Assets | ||||||
Transamerica Asset Allocation-Conservative Portfolio | $ | 49,663,709 | 3.25 | % | ||||
Transamerica Asset Allocation-Growth Portfolio | 153,252,632 | 10.03 | ||||||
Transamerica Asset Allocation-Moderate Growth Portfolio | 250,984,761 | 16.43 | ||||||
Transamerica Asset Allocation-Moderate Portfolio | 164,904,753 | 10.80 | ||||||
Total | $ | 618,805,855 | 40.51 | % | ||||
Transamerica Dividend Focused | Market Value | % of Net Assets | ||||||
Transamerica Asset Allocation-Conservative Portfolio | $ | 42,620,921 | 4.21 | % | ||||
Transamerica Asset Allocation-Growth Portfolio | 136,760,597 | 13.51 | ||||||
Transamerica Asset Allocation-Moderate Growth Portfolio | 256,481,914 | 25.34 | ||||||
Transamerica Asset Allocation-Moderate Portfolio | 127,864,658 | 12.63 | ||||||
Transamerica Asset Allocation-Conservative VP | 10,753,821 | 1.06 | ||||||
Transamerica Asset Allocation-Growth VP | 32,819,706 | 3.24 | ||||||
Transamerica Asset Allocation-Moderate Growth VP | 224,722,187 | 22.20 | ||||||
Transamerica Asset Allocation-Moderate VP | 161,390,353 | 15.95 | ||||||
Total | $ | 993,414,157 | 98.14 | % |
Transamerica Emerging Markets Debt | Market Value | % of Net Assets | ||||||
Transamerica Asset Allocation-Conservative Portfolio | $ | 19,876,151 | 2.26 | % | ||||
Transamerica Asset Allocation-Moderate Growth Portfolio | 17,400,355 | 1.97 | ||||||
Transamerica Asset Allocation-Moderate Portfolio | 30,249,544 | 3.43 | ||||||
Transamerica Asset Allocation-Conservative VP | 80,897,551 | 9.18 | ||||||
Transamerica Asset Allocation-Moderate Growth VP | 171,682,442 | 19.48 | ||||||
Transamerica Asset Allocation-Moderate VP | 213,045,741 | 24.18 | ||||||
Transamerica International Moderate Growth VP | 8,868,282 | 1.01 | ||||||
Transamerica Multi-Manager Alternative Strategies Portfolio | 42,745,940 | 4.85 | ||||||
Total | $ | 584,766,006 | 66.36 | % | ||||
Transamerica Emerging Markets Equity | Market Value | % of Net Assets | ||||||
Transamerica Asset Allocation-Conservative Portfolio | $ | 4,721,808 | 2.11 | % | ||||
Transamerica Asset Allocation-Growth Portfolio | 25,292,388 | 11.29 | ||||||
Transamerica Asset Allocation-Moderate Growth Portfolio | 31,860,773 | 14.22 | ||||||
Transamerica Asset Allocation-Moderate Portfolio | 12,691,775 | 5.66 | ||||||
Transamerica Asset Allocation-Growth VP | 25,715,367 | 11.48 | ||||||
Transamerica Asset Allocation-Moderate Growth VP | 79,639,755 | 35.54 | ||||||
Transamerica Asset Allocation-Moderate VP | 29,814,784 | 13.31 | ||||||
Transamerica Multi-Manager International Portfolio | 10,525,500 | 4.70 | ||||||
Total | $ | 220,262,150 | 98.31 | % | ||||
Transamerica Flexible Income | Market Value | % of Net Assets | ||||||
Transamerica Asset Allocation-Conservative Portfolio | $ | 16,930,873 | 5.42 | % | ||||
Transamerica Asset Allocation-Moderate Portfolio | 41,110,578 | 13.16 | ||||||
Total | $ | 58,041,451 | 18.58 | % |
Transamerica Funds | Semi-Annual Report 2013 |
Page 182
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2013
(unaudited)
NOTE 3. (continued)
Transamerica Growth Opportunities | Market Value | % of Net Assets | ||||||
Transamerica Asset Allocation-Conservative Portfolio | $ | 17,838,753 | 2.69 | % | ||||
Transamerica Asset Allocation-Growth Portfolio | 46,679,663 | 7.04 | ||||||
Transamerica Asset Allocation-Moderate Growth Portfolio | 97,589,704 | 14.71 | ||||||
Transamerica Asset Allocation-Moderate Portfolio | 52,168,785 | 7.86 | ||||||
Transamerica Asset Allocation-Conservative VP | 23,302,602 | 3.51 | ||||||
Transamerica Asset Allocation-Growth VP | 14,510,881 | 2.19 | ||||||
Transamerica Asset Allocation-Moderate Growth VP | 135,746,707 | 20.46 | ||||||
Transamerica Asset Allocation-Moderate VP | 78,090,015 | 11.77 | ||||||
Total | $ | 465,927,110 | 70.23 | % | ||||
Transamerica High Yield Bond | Market Value | % of Net Assets | ||||||
Transamerica Asset Allocation-Conservative Portfolio | $ | 29,804,831 | 3.89 | % | ||||
Transamerica Asset Allocation-Moderate Growth Portfolio | 41,767,324 | 5.45 | ||||||
Transamerica Asset Allocation-Moderate Portfolio | 34,682,788 | 4.52 | ||||||
Transamerica Asset Allocation-Conservative VP | 800,184 | 0.11 | ||||||
Transamerica Asset Allocation-Moderate Growth VP | 25,229,482 | 3.29 | ||||||
Transamerica Asset Allocation-Moderate VP | 24,954,052 | 3.25 | ||||||
Total | $ | 157,238,661 | 20.51 | % | ||||
Transamerica Income & Growth | Market Value | % of Net Assets | ||||||
Transamerica Asset Allocation-Conservative VP | $ | 62,313,149 | 15.35 | % | ||||
Transamerica Asset Allocation-Moderate Growth VP | 150,352,950 | 37.04 | ||||||
Transamerica Asset Allocation-Moderate VP | 136,710,224 | 33.67 | ||||||
Transamerica International Moderate Growth VP | 20,932,960 | 5.16 | ||||||
Total | $ | 370,309,283 | 91.22 | % |
Transamerica International Bond | Market Value | % of Net Assets | ||||||
Transamerica Asset Allocation-Conservative Portfolio | $ | 9,932,990 | 5.63 | % | ||||
Transamerica Asset Allocation-Moderate Growth Portfolio | 15,248,649 | 8.65 | ||||||
Transamerica Asset Allocation-Moderate Portfolio | 22,380,261 | 12.69 | ||||||
Transamerica Asset Allocation-Conservative VP | 23,564,529 | 13.37 | ||||||
Transamerica Asset Allocation-Moderate Growth VP | 59,097,018 | 33.52 | ||||||
Transamerica Asset Allocation-Moderate VP | 42,453,471 | 24.08 | ||||||
Total | $ | 172,676,918 | 97.94 | % | ||||
Transamerica International Equity | Market Value | % of Net Assets | ||||||
Transamerica Asset Allocation-Conservative Portfolio | $ | 2,656,937 | 0.65 | % | ||||
Transamerica Asset Allocation-Growth Portfolio | 38,297,722 | 9.43 | ||||||
Transamerica Asset Allocation-Moderate Growth Portfolio | 33,476,500 | 8.24 | ||||||
Transamerica Asset Allocation-Moderate Portfolio | 12,024,466 | 2.96 | ||||||
Transamerica Asset Allocation-Conservative VP | 1,054,603 | 0.26 | ||||||
Transamerica Asset Allocation-Growth VP | 3,126,098 | 0.77 | ||||||
Transamerica Asset Allocation-Moderate Growth VP | 51,676,542 | 12.73 | ||||||
Transamerica International Moderate Growth VP | 68,788,010 | 16.94 | ||||||
Transamerica Multi-Manager Alternative Strategies Portfolio | 8,070,141 | 1.99 | ||||||
Transamerica Multi-Manager International Portfolio | 41,421,733 | 10.20 | ||||||
Total | $ | 260,592,752 | 64.17 | % | ||||
Transamerica International Small Cap Value | Market Value | % of Net Assets | ||||||
Transamerica Asset Allocation-Conservative VP | $ | 6,241,857 | 3.91 | % | ||||
Transamerica Asset Allocation-Growth VP | 4,094,586 | 2.57 | ||||||
Transamerica Asset Allocation-Moderate Growth VP | 51,395,229 | 32.24 | ||||||
Transamerica Asset Allocation-Moderate VP | 57,613,797 | 36.14 | ||||||
Transamerica International Moderate Growth VP | 31,427,471 | 19.71 | ||||||
Transamerica Multi-Manager International Portfolio | 7,162,662 | 4.49 | ||||||
Total | $ | 157,935,602 | 99.06 | % |
Transamerica Funds | Semi-Annual Report 2013 |
Page 183
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2013
(unaudited)
NOTE 3. (continued)
Transamerica Large Cap Growth | Market Value | % of Net Assets | ||||||
Transamerica Asset Allocation-Conservative Portfolio | $ | 3,310,531 | 1.59 | % | ||||
Transamerica Asset Allocation-Growth Portfolio | 10,443,462 | 5.02 | ||||||
Transamerica Asset Allocation-Moderate Growth Portfolio | 16,202,498 | 7.79 | ||||||
Transamerica Asset Allocation-Moderate Portfolio | 10,073,583 | 4.85 | ||||||
Transamerica Asset Allocation-Conservative VP | 37,718,785 | 18.14 | ||||||
Transamerica Asset Allocation-Growth VP | 18,347,827 | 8.82 | ||||||
Transamerica Asset Allocation-Moderate Growth VP | 110,565,163 | 53.17 | ||||||
Total | $ | 206,661,849 | 99.38 | % | ||||
Transamerica Large Cap Value | Market Value | % of Net Assets | ||||||
Transamerica Asset Allocation-Conservative Portfolio | $ | 61,161,178 | 3.68 | % | ||||
Transamerica Asset Allocation-Growth Portfolio | 220,850,289 | 13.30 | ||||||
Transamerica Asset Allocation-Moderate Growth Portfolio | 369,663,452 | 22.26 | ||||||
Transamerica Asset Allocation-Moderate Portfolio | 190,730,476 | 11.48 | ||||||
Transamerica Asset Allocation-Conservative VP | 46,092,603 | 2.77 | ||||||
Transamerica Asset Allocation-Growth VP | 118,964,617 | 7.16 | ||||||
Transamerica Asset Allocation-Moderate Growth VP | 382,446,009 | 23.03 | ||||||
Transamerica Asset Allocation-Moderate VP | 236,262,822 | 14.23 | ||||||
Total | $ | 1,626,171,446 | 97.91 | % | ||||
Transamerica MLP Energy & Income | Market Value | % of Net Assets | ||||||
Transamerica Multi-Manager Alternative Strategies Portfolio | $ | 30,000,000 | 97.56 | % | ||||
Total | $ | 30,000,000 | 97.56 | % |
Transamerica Money Market | Market Value | % of Net Assets | ||||||
Transamerica Asset Allocation-Conservative Portfolio | $ | 4,780,347 | 1.11 | % | ||||
Transamerica Asset Allocation-Growth Portfolio | 60,267 | 0.01 | ||||||
Transamerica Asset Allocation-Moderate Portfolio | 3,408,896 | 0.79 | ||||||
Transamerica Asset Allocation-Conservative VP | 205,947,108 | 47.82 | ||||||
Transamerica Asset Allocation-Growth VP | 3,911 | 0.00 | (A) | |||||
Transamerica Asset Allocation-Moderate Growth VP | 1,031,784 | 0.24 | ||||||
Transamerica Asset Allocation-Moderate VP | 60,533,126 | 14.05 | ||||||
Transamerica International Moderate Growth VP | 21,062 | 0.01 | ||||||
Transamerica Multi-Manager Alternative Strategies Portfolio | 1,721,131 | 0.40 | ||||||
Total | $ | 277,507,632 | 64.43 | % |
(A) | Percentage rounds to less than 0.01% |
Transamerica Short-Term Bond | Market Value | % of Net Assets | ||||||
Transamerica Asset Allocation-Conservative Portfolio | $ | 87,618,100 | 2.31 | % | ||||
Transamerica Asset Allocation-Moderate Growth Portfolio | 67,723 | 0.00 | (A) | |||||
Transamerica Asset Allocation-Moderate Portfolio | 128,927,697 | 3.40 | ||||||
Transamerica Asset Allocation-Conservative VP | 361,400,290 | 9.54 | ||||||
Transamerica Asset Allocation-Moderate Growth VP | 200,265,219 | 5.29 | ||||||
Transamerica Asset Allocation-Moderate VP | 739,519,722 | 19.52 | ||||||
Transamerica International Moderate Growth VP | 44,723,507 | 1.18 | ||||||
Transamerica Multi-Manager Alternative Strategies Portfolio | 69,060,467 | 1.82 | ||||||
Total | $ | 1,631,582,725 | 43.06 | % |
(A) | Percentage rounds to less than 0.01% |
Transamerica Funds | Semi-Annual Report 2013 |
Page 184
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2013
(unaudited)
NOTE 3. (continued)
Transamerica Small Cap Growth | Market Value | % of Net Assets | ||||||
Transamerica Asset Allocation-Conservative Portfolio | $ | 8,771,047 | 1.99 | % | ||||
Transamerica Asset Allocation-Growth Portfolio | 29,317,324 | 6.66 | ||||||
Transamerica Asset Allocation-Moderate Growth Portfolio | 27,100,800 | 6.16 | ||||||
Transamerica Asset Allocation-Moderate Portfolio | 16,885,223 | 3.83 | ||||||
Transamerica Asset Allocation-Conservative VP | 50,650,788 | 11.50 | ||||||
Transamerica Asset Allocation-Growth VP | 35,887,583 | 8.15 | ||||||
Transamerica Asset Allocation-Moderate Growth VP | 112,880,741 | 25.64 | ||||||
Transamerica Asset Allocation-Moderate VP | 152,642,759 | 34.67 | ||||||
Total | $ | 434,136,265 | 98.60 | % |
Transamerica Small Cap Value | Market Value | % of Net Assets | ||||||
Transamerica Asset Allocation-Conservative Portfolio | $ | 5,024,710 | 0.83 | % | ||||
Transamerica Asset Allocation-Growth Portfolio | 32,095,727 | 5.31 | ||||||
Transamerica Asset Allocation-Moderate Growth Portfolio | 42,408,682 | 7.01 | ||||||
Transamerica Asset Allocation-Moderate Portfolio | 25,796,213 | 4.26 | ||||||
Transamerica Asset Allocation-Conservative VP | 80,779,577 | 13.35 | ||||||
Transamerica Asset Allocation-Growth VP | 41,115,725 | 6.80 | ||||||
Transamerica Asset Allocation-Moderate Growth VP | 161,417,501 | 26.69 | ||||||
Transamerica Asset Allocation-Moderate VP | 209,046,013 | 34.56 | ||||||
Total | $ | 597,684,148 | 98.81 | % |
Investment advisory fees: The Funds pay management fees to TAM based on average daily net assets (“ANA”) at the following breakpoints and/or rates:
Fund Name/Breakpoint | Rate | |
Transamerica Capital Growth | ||
First $500 million | 0.800% | |
Over $500 million | 0.675 | |
Transamerica Diversified Equity | ||
First $500 million | 0.730% | |
Over $500 million up to $2.5 billion | 0.700 | |
Over $2.5 billion | 0.650 | |
Transamerica Dividend Focused | ||
First $200 million | 0.750% | |
Over $200 million up to $500 million | 0.650 | |
Over $500 million | 0.600 | |
Transamerica Emerging Markets Debt | ||
First $400 million | 0.600% | |
Over $400 million | 0.580 | |
Transamerica Emerging Markets Equity | ||
First $250 million | 0.950% | |
Over $250 million up to $500 million | 0.930 | |
Over $500 million | 0.900 | |
Transamerica Enhanced Muni | ||
First $150 million | 0.440% | |
Over $150 million up to $350 million | 0.420 | |
Over $350 million up to $650 million | 0.410 | |
Over $650 million up to $1 billion | 0.390 | |
Over $1 billion | 0.360 | |
Transamerica Flexible Income | ||
First $250 million | 0.475% | |
Over $250 million up to $350 million | 0.425 | |
Over $350 million | 0.400 | |
Transamerica Growth Opportunities | ||
First $250 million | 0.800% | |
Over $250 million up to $500 million | 0.750 | |
Over $500 million | 0.700 |
Fund Name/Breakpoint | Rate | |
Transamerica High Yield Bond | ||
First $400 million | 0.590% | |
Over $400 million up to $750 million | 0.575 | |
Over $750 million | 0.550 | |
Transamerica Income & Growth | ||
First $500 million | 0.670% | |
Over $500 million up to $1 billion | 0.650 | |
Over $1 billion up to $1.5 billion | 0.630 | |
Over $1.5 billion | 0.600 | |
Transamerica International Bond | ||
First $100 million | 0.550% | |
Over $100 million up to $250 million | 0.520 | |
Over $250 million up to $500 million | 0.510 | |
Over $500 million up to $1 billion | 0.500 | |
Over $1 billion | 0.470 | |
Transamerica International Equity | ||
First $250 million | 0.800% | |
Over $250 million up to $500 million | 0.750 | |
Over $500 million up to $1 billion | 0.725 | |
Over $1 billion | 0.700 | |
Transamerica International Small Cap Value | ||
First $300 million | 0.925% | |
Over $300 million up to $750 million | 0.900 | |
Over $750 million | 0.850 | |
Transamerica Large Cap Growth | ||
First $250 million | 0.675% | |
Over $250 million up to $1 billion | 0.650 | |
Over $1 billion | 0.600 | |
Transamerica Large Cap Value | ||
First $750 million | 0.650% | |
Over $750 million up to $1 billion | 0.620 | |
Over $1 billion | 0.600 |
Transamerica Funds | Semi-Annual Report 2013 |
Page 185
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2013
(unaudited)
NOTE 3. (continued)
Fund Name/Breakpoint | Rate | |
Transamerica MLP & Energy Income | ||
First $250 million | 1.100% | |
Over $250 million up to $500 million | 1.050 | |
Over $500 million up to $1 billion | 0.980 | |
Over $1 billion up to $2 billion | 0.880 | |
Over $2 billion | 0.820 | |
Transamerica Money Market | ||
ANA | 0.400% | |
Transamerica Multi-Managed Balanced | ||
First $500 million | 0.750% | |
Over $500 million up to $1 billion | 0.650 | |
Over $1 billion | 0.600 | |
Transamerica Short-Term Bond | ||
First $250 million | 0.550% | |
Over $250 million up to $500 million | 0.500 | |
Over $500 million up to $1 billion | 0.475 | |
Over $1 billion | 0.450 | |
Transamerica Small Cap Growth | ||
First $300 million | 0.840% | |
Over $300 million | 0.800 | |
Transamerica Small Cap Value | ||
First $250 million | 0.860% | |
Over $250 million | 0.840 |
Fund Name/Breakpoint | Rate | |
Transamerica Small/Mid Cap Value | ||
First $500 million | 0.800% | |
Over $500 million | 0.750 | |
Transamerica Tactical Allocation | ||
First $250 million | 0.550% | |
Over $250 million up to $500 million | 0.540 | |
Over $500 million up to $1.5 billion | 0.530 | |
Over $1.5 billion up to $2.5 billion | 0.520 | |
Over $2.5 billion | 0.510 | |
Transamerica Tactical Income | ||
First $1 billion | 0.470% | |
Over $1 billion up to $2 billion | 0.450 | |
Over $2 billion | 0.430 | |
Transamerica Tactical Rotation | ||
First $250 million | 0.550% | |
Over $250 million up to $500 million | 0.540 | |
Over $500 million up to $1.5 billion | 0.530 | |
Over $1.5 billion up to $2.5 billion | 0.520 | |
Over $2.5 billion | 0.510 |
TAM has contractually agreed to waive fees and/or reimburse Fund expenses to the extent that the 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 Funds’ business, exceed the following stated annual limit:
Fund Name | Expense Limit | Maximum Operating Expense Limit Effective Through | ||||
Transamerica Capital Growth | 1.20 | % | March 1, 2014 | |||
Transamerica Diversified Equity | 1.17 | March 1, 2014 | ||||
Transamerica Dividend Focused | 0.90 | March 1, 2014 | ||||
Transamerica Emerging Markets Debt | 1.00 | March 1, 2014 | ||||
Transamerica Emerging Markets Equity | 1.60 | March 1, 2014 | ||||
Transamerica Enhanced Muni | 0.71 | March 1, 2014 | ||||
Transamerica Flexible Income | 1.00 | March 1, 2014 | ||||
Transamerica Growth Opportunities | 1.40 | March 1, 2014 | ||||
Transamerica High Yield Bond | 0.95 | March 1, 2014 | ||||
Transamerica Income & Growth | 0.93 | March 1, 2014 | ||||
Transamerica International Bond | 0.75 | March 1, 2014 | ||||
Transamerica International Equity | 1.15 | March 1, 2014 | ||||
Transamerica International Small Cap Value | 1.22 | March 1, 2014 | ||||
Transamerica Large Cap Growth | 0.95 | March 1, 2014 | ||||
Transamerica Large Cap Value | 1.00 | March 1, 2014 | ||||
Transamerica MLP & Energy Income | 1.35 | April 30, 2014 | ||||
Transamerica Money Market | 0.48 | March 1, 2014 | ||||
Transamerica Multi-Managed Balanced | 1.45 | March 1, 2014 | ||||
Transamerica Short Term Bond | 0.85 | March 1, 2014 | ||||
Transamerica Small Cap Growth | 1.15 | March 1, 2014 | ||||
Transamerica Small Cap Value | 1.15 | March 1, 2014 | ||||
Transamerica Small/Mid Cap Value | 1.25 | March 1, 2014 | ||||
Transamerica Tactical Allocation | 0.85 | March 1, 2014 | ||||
Transamerica Tactical Income | 0.67 | March 1, 2014 | ||||
Transamerica Tactical Rotation | 0.85 | March 1, 2014 |
Transamerica Funds | Semi-Annual Report 2013 |
Page 186
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2013
(unaudited)
NOTE 3. (continued)
TAM is entitled to reimbursement by the Fund of fees waived and/or expenses reduced 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.
Amounts recaptured by TAM during the period ended April 30, 2013 were as follows:
Fund Name | Recaptured Amount | |||
Transamerica Capital Growth | ||||
Class A | $ | 18,884 | ||
Transamerica Emerging Markets Equity | ||||
Class I | 5 | |||
Transamerica International Equity | ||||
Class A | 514 | |||
Transamerica Large Cap Growth | ||||
Class A | 12 | |||
Class I | 70 | |||
Transamerica Small Cap Growth | ||||
Fund Level | 15,175 | |||
Class A | 7 | |||
Class C | 4 | |||
Class I | 41 | |||
Class I2 | 2,031 | |||
Transamerica Tactical Income | ||||
Class A | 10,108 | |||
Class C | 13,363 | |||
Class I | 26,301 |
The following amounts were available for recapture as of April 30, 2013:
Fund Name/Class | Amount Available | Year Reimbursed | Available Through | |||||||||
Transamerica Capital Growth | ||||||||||||
Class A | $ | 32,173 | 2011 | 10/31/2013 | ||||||||
Class B | 23,422 | 2011 | 10/31/2013 | |||||||||
8,848 | 2012 | 10/31/2014 | ||||||||||
Transamerica Diversified Equity | ||||||||||||
Class B | 9,089 | 2011 | 10/31/2013 | |||||||||
3,964 | 2012 | 10/31/2014 | ||||||||||
Class C | 11,342 | 2011 | 10/31/2013 | |||||||||
Transamerica International Bond | ||||||||||||
Class A | 101 | 2012 | 10/31/2014 | |||||||||
Class C | 80 | 2012 | 10/31/2014 | |||||||||
Class I | 79 | 2012 | 10/31/2014 | |||||||||
Transamerica Money Market | ||||||||||||
Core | 749,438 | 2011 | 10/31/2013 | |||||||||
660,711 | 2012 | 10/31/2014 | ||||||||||
Class A | 783,122 | 2011 | 10/31/2013 | |||||||||
644,410 | 2012 | 10/31/2014 | ||||||||||
Class B | 212,544 | 2011 | 10/31/2013 | |||||||||
154,330 | 2012 | 10/31/2014 | ||||||||||
Class C | 375,988 | 2011 | 10/31/2013 | |||||||||
366,795 | 2012 | 10/31/2014 | ||||||||||
Class I | 1,685 | 2011 | 10/31/2013 | |||||||||
41,647 | 2012 | 10/31/2014 | ||||||||||
Class I2 | 1,468 | 2011 | 10/31/2013 | |||||||||
1,218 | 2012 | 10/31/2014 | ||||||||||
Transamerica Tactical Income | ||||||||||||
Class I | 17,847 | 2012 | 10/31/2014 |
Transamerica Funds | Semi-Annual Report 2013 |
Page 187
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2013
(unaudited)
NOTE 3. (continued)
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 the period ended April 30, 2013 and the year ended October 31, 2012, the amounts waived were as follows:
Fund/Class | 2013 Amount Waived ($) | 2013 Amount Waived (Basis Point) | 2012 Amount Waived ($) | 2012 Amount Waived (Basis Point) | ||||||||||||
Fund Level | $ | 1,067,414 | 25 | $ | 577,116 | 23 | ||||||||||
Class A | 135,747 | 29 | 294,159 | 29 | ||||||||||||
Class B | 41,757 | 99 | 115,464 | 97 | ||||||||||||
Class C | 139,557 | 99 | 315,371 | 97 |
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 class up to the following limits: 0.30% for Class A, 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. 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, 2014. TAM has contractually agreed to waive 0.15% and 0.25% of 12b-1 fees on Class A shares and Class C shares, respectively, of Transamerica Enhanced Muni through March 1, 2014.
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, 2013, the underwriter commissions were as follows:
Transamerica Capital Growth | ||||
Received by Underwriter | $ | 85,683 | ||
Retained by Underwriter | 13,047 | |||
Contingent Deferred Sales Charge | 24,686 | |||
Transamerica Diversified Equity | ||||
Received by Underwriter | $ | 101,608 | ||
Retained by Underwriter | 15,241 | |||
Contingent Deferred Sales Charge | 13,358 | |||
Transamerica Dividend Focused | ||||
Received by Underwriter | $ | 398 | ||
Retained by Underwriter | 58 | |||
Contingent Deferred Sales Charge | — | |||
Transamerica Emerging Markets Debt | ||||
Received by Underwriter | $ | 273,270 | ||
Retained by Underwriter | 47,419 | |||
Contingent Deferred Sales Charge | 12,067 | |||
Transamerica Emerging Markets Equity | ||||
Received by Underwriter | $ | 322 | ||
Retained by Underwriter | 45 | |||
Contingent Deferred Sales Charge | 117 | |||
Transamerica Enhanced Muni | ||||
Received by Underwriter | $ | 32,759 | ||
Retained by Underwriter | 8,682 | |||
Contingent Deferred Sales Charge | — | |||
Transamerica Flexible Income | ||||
Received by Underwriter | $ | 126,653 | ||
Retained by Underwriter | 23,378 | |||
Contingent Deferred Sales Charge | 25,728 |
Transamerica Growth Opportunities | ||||
Received by Underwriter | $ | 20,434 | ||
Retained by Underwriter | 3,071 | |||
Contingent Deferred Sales Charge | 2,329 | |||
Transamerica High Yield Bond | ||||
Received by Underwriter | $ | 266,256 | ||
Retained by Underwriter | 49,555 | |||
Contingent Deferred Sales Charge | 28,230 | |||
Transamerica Income & Growth | ||||
Received by Underwriter | $ | 76,011 | ||
Retained by Underwriter | 11,658 | |||
Contingent Deferred Sales Charge | 186 | |||
Transamerica International Bond | ||||
Received by Underwriter | $ | 687 | ||
Retained by Underwriter | 122 | |||
Contingent Deferred Sales Charge | — | |||
Transamerica International Equity | ||||
Received by Underwriter | $ | 22,251 | ||
Retained by Underwriter | 3,404 | |||
Contingent Deferred Sales Charge | 895 | |||
Transamerica Large Cap Growth | ||||
Received by Underwriter | $ | 2,805 | ||
Retained by Underwriter | 414 | |||
Contingent Deferred Sales Charge | — | |||
Transamerica Large Cap Value | ||||
Received by Underwriter | $ | 5,412 | ||
Retained by Underwriter | 847 | |||
Contingent Deferred Sales Charge | 3,000 |
Transamerica Funds | Semi-Annual Report 2013 |
Page 188
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2013
(unaudited)
NOTE 3. (continued)
Transamerica Money Market | ||||
Received by Underwriter | $ | — | ||
Retained by Underwriter | — | |||
Contingent Deferred Sales Charge | 13,095 | |||
Transamerica Multi-Managed Balanced | ||||
Received by Underwriter | $ | 244,917 | ||
Retained by Underwriter | 37,250 | |||
Contingent Deferred Sales Charge | 10,203 | |||
Transamerica Short-Term Bond | ||||
Received by Underwriter | $ | 394,935 | ||
Retained by Underwriter | 80,151 | |||
Contingent Deferred Sales Charge | 123,740 | |||
Transamerica Small Cap Growth | ||||
Received by Underwriter | $ | 296 | ||
Retained by Underwriter | 48 | |||
Contingent Deferred Sales Charge | — | |||
Transamerica Small Cap Value | ||||
Received by Underwriter | $ | 145 | ||
Retained by Underwriter | 22 | |||
Contingent Deferred Sales Charge | 38 |
Transamerica Small/Mid Cap Value | ||||
Received by Underwriter | $ | 278,488 | ||
Retained by Underwriter | 41,855 | |||
Contingent Deferred Sales Charge | 17,128 | |||
Transamerica Tactical Allocation | ||||
Received by Underwriter | $ | 62,878 | ||
Retained by Underwriter | 9,689 | |||
Contingent Deferred Sales Charge | — | |||
Transamerica Tactical Income | ||||
Received by Underwriter | $ | 2,481,197 | ||
Retained by Underwriter | 459,206 | |||
Contingent Deferred Sales Charge | 65,960 | |||
Transamerica Tactical Rotation | ||||
Received by Underwriter | $ | 32,180 | ||
Retained by Underwriter | 4,753 | |||
Contingent Deferred Sales Charge | — |
Administrative services: The Funds have entered into an agreement with TFS for financial and legal fund administration services. The Funds pay TFS an annual fee of 0.025% of ANA. The Legal fees on the Statement of Operations are for 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 as follows:
Class A, B, C & T* | ||||
Open Account | $ | 21.00 | ||
Closed Account | 1.50 |
Class I* | ||||
Open Direct Account | $ | 21.00 | ||
Open Networked Account | 8.00 | |||
Closed Account | 1.50 | |||
Sub-Transfer Agent and Omnibus Intermediary Fees | 10 bps |
Class I2 | ||||
Open Account | 0.75 bps | |||
Closed Account | N/A |
* | Applicable out-of pocket expenses, including, but not limited to, quarterly shareholder statements and postage, will be charged directly to the Funds. |
bps | - Basis Points. A basis point is a unit equal to 1/100th of 1%, and is commonly used to denote the change in a financial instrument. |
Transamerica Funds | Semi-Annual Report 2013 |
Page 189
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2013
(unaudited)
NOTE 3. (continued)
Fees paid and the amounts due to TFS for the period ended April 30, 2013 are as follows:
Fund Name | Fees Paid to TFS | Fees Due to TFS | ||||||
Transamerica Capital Growth | $ | 148,272 | $ | 27,964 | ||||
Transamerica Diversified Equity | 856,890 | 153,639 | ||||||
Transamerica Dividend Focused | 11 | (7 | ) | |||||
Transamerica Emerging Markets Debt | 71,433 | 12,981 | ||||||
Transamerica Emerging Markets Equity | 461 | 92 | ||||||
Transamerica Enhanced Muni | 417 | 76 | ||||||
Transamerica Flexible Income | 80,773 | 9,269 | ||||||
Transamerica Growth Opportunities | 227,772 | 40,628 | ||||||
Transamerica High Yield Bond | 151,622 | 18,697 | ||||||
Transamerica Income & Growth | 1,274 | (41 | ) | |||||
Transamerica International Bond | 361 | 62 | ||||||
Transamerica International Equity | 12,394 | 1,365 | ||||||
Transamerica International Small Cap Value | 9 | (2 | ) | |||||
Transamerica Large Cap Growth | 624 | 111 | ||||||
Transamerica Large Cap Value | 3,741 | 991 | ||||||
Transamerica Money Market | 208,921 | 37,091 | ||||||
Transamerica Multi-Managed Balanced | 200,348 | 25,377 | ||||||
Transamerica Short-Term Bond | 484,142 | 59,281 | ||||||
Transamerica Small Cap Growth | 130 | 18 | ||||||
Transamerica Small Cap Value | 1,710 | 66 | ||||||
Transamerica Small/Mid Cap Value | 567,470 | 71,021 | ||||||
Transamerica Tactical Allocation | 1,057 | 212 | ||||||
Transamerica Tactical Income | 279,251 | 50,832 | ||||||
Transamerica Tactical Rotation | 720 | 147 |
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), as elected by the Trustee.
Brokerage commissions: The Funds incurred brokerage commissions on security transactions placed with affiliates of the adviser or sub-adviser for the period ended April 30, 2013 as follows:
Fund Name | Commissions | |||
Transamerica Capital Growth | $ | 769 | ||
Transamerica Growth Opportunities | 1,160 |
NOTE 4. INVESTMENT TRANSACTIONS
The cost of securities purchased and proceeds from securities sold (excluding short-term securities) for the period ended April 30, 2013 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 Capital Growth | $ | 94,640,099 | $ | — | $ | 237,888,956 | $ | — | ||||||||
Transamerica Diversified Equity | 424,688,440 | — | 506,364,493 | — | ||||||||||||
Transamerica Dividend Focused | 905,866,675 | — | 45,679,308 | — | ||||||||||||
Transamerica Emerging Markets Debt | 1,410,811,075 | — | 1,156,868,337 | — | ||||||||||||
Transamerica Emerging Markets Equity | 157,854,978 | — | 56,037,244 | — | ||||||||||||
Transamerica Enhanced Muni | 14,451,393 | — | 2,465,113 | — | ||||||||||||
Transamerica Flexible Income | 53,227,658 | 5,869,334 | 38,762,391 | 46,807,344 | ||||||||||||
Transamerica Growth Opportunities | 133,548,432 | — | 177,652,143 | — |
Transamerica Funds | Semi-Annual Report 2013 |
Page 190
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2013
(unaudited)
NOTE 4. (continued)
Purchases of securities: | Proceeds from maturities and sales of securities: | |||||||||||||||
Fund Name | Long-term | U.S. Government | Long-term | U.S. Government | ||||||||||||
Transamerica High Yield Bond | $ | 263,178,085 | $ | — | $ | 211,910,487 | $ | — | ||||||||
Transamerica Income & Growth | 390,757,243 | — | 15,512,285 | — | ||||||||||||
Transamerica International Bond | 26,483,320 | — | 39,673,777 | — | ||||||||||||
Transamerica International Equity | 138,848,855 | — | 42,434,179 | — | ||||||||||||
Transamerica International Small Cap Value | 151,793,331 | — | 5,339,434 | — | ||||||||||||
Transamerica Large Cap Growth | 68,207,655 | — | 15,542,749 | — | ||||||||||||
Transamerica Large Cap Value | 1,033,732,742 | — | 880,925,926 | — | ||||||||||||
Transamerica Multi-Managed Balanced | 146,600,506 | 648,473,832 | 148,447,359 | 650,899,511 | ||||||||||||
Transamerica Short-Term Bond | 1,608,738,607 | — | 1,442,900,623 | 8,848 | ||||||||||||
Transamerica Small Cap Growth | 293,796,766 | — | 122,638,661 | — | ||||||||||||
Transamerica Small Cap Value | 331,726,593 | — | 88,450,691 | — | ||||||||||||
Transamerica Small/Mid Cap Value | 377,022,936 | — | 357,219,127 | — | ||||||||||||
Transamerica Tactical Allocation | 16,905,357 | — | 8,999,133 | — | ||||||||||||
Transamerica Tactical Income | 1,217,301,577 | — | 852,084,656 | — | ||||||||||||
Transamerica Tactical Rotation | 8,051,190 | — | 4,167,990 | — |
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 averaged 16 throughout the period, with an overall decrease from 17 contracts at the beginning of the period to 11 contracts at the end of period. The tables below highlight the types of risks associated with the Fund and how the aforementioned derivative instruments are used to mitigate such risks:
Fair Values of Derivative Instruments in the Statement of Assets and Liabilities as of April 30, 2013:
Derivatives not accounted for as hedging instruments
Location | Foreign exchange contracts | |||
Asset Derivatives | ||||
Unrealized appreciation on forward foreign currency contracts | $ | 120,513 | ||
Liability Derivatives | ||||
Unrealized depreciation on forward foreign currency contracts | (407,472 | ) | ||
Total | $ | (286,959 | ) |
Effect of Derivative Instruments in the Statement of Operations for the period ended April 30, 2013:
Derivatives not accounted for as hedging instruments
Location | Foreign exchange contracts | |||
Net Realized Gain (Loss) on derivatives recognized in income | ||||
Net realized gain on forward foreign currency contracts(A) | $ | 631,869 | ||
Net change in Unrealized Appreciation (Depreciation) on derivatives recognized in income | ||||
Net change in unrealized appreciation (depreciation) on forward foreign currency transactions(B) | (687,866 | ) | ||
Total | $ | (55,997 | ) |
Transamerica Funds | Semi-Annual Report 2013 |
Page 191
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2013
(unaudited)
NOTE 5. (continued)
(A) | Included within Net realized gain (loss) on transactions from Foreign currency transactions. |
(B) | Included within Net change in unrealized appreciation (depreciation) on Translation of the assets and liabilities denominated in foreign currencies. |
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 Bond:
The Fund is subject to various risks in the normal course of pursuing its investment objective. The volume of futures contracts held increased during the period, starting at 7 contracts and ending at 10 contracts. The volume of forward foreign currency contracts held averaged 105 throughout the period, with an overall increase from 38 contracts at the beginning of the period to 57 contracts at the end of the period. The tables below highlight the types of risks associated with the Fund and how the aforementioned derivative instruments are used to mitigate such risks:
Fair Values of Derivative Instruments in the Statement of Assets and Liabilities as of April 30, 2013:
Derivatives not accounted for as hedging instruments
Location | Interest rate contracts | Foreign exchange contracts | Total | |||||||||
Asset Derivatives | ||||||||||||
Unrealized appreciation on futures contracts(A) | $ | 310,469 | $ | — | $ | 310,469 | ||||||
Unrealized appreciation on forward foreign currency contracts | — | 490,388 | 490,388 | |||||||||
Liability Derivatives | ||||||||||||
Unrealized depreciation on futures contracts(A) | (457,713 | ) | — | (457,713 | ) | |||||||
Unrealized depreciation on forward foreign currency contracts | — | (1,949,298 | ) | (1,949,298 | ) | |||||||
Total | $ | (147,244 | ) | $ | (1,458,910 | ) | $ | (1,606,154 | ) |
(A) | 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 in the Statement of Operations for the period ended April 30, 2013:
Derivatives not accounted for as hedging instruments
Location | Interest rate contracts | Foreign exchange contracts | Total | |||||||||
Net Realized Gain (Loss) on derivatives recognized in income | ||||||||||||
Net realized loss on futures contracts | $ | (152,485 | ) | $ | — | $ | (152,485 | ) | ||||
Net realized loss on forward foreign currency contracts(B) | — | (8,769,279 | ) | (8,769,279 | ) | |||||||
Net change in Unrealized Appreciation (Depreciation) on derivatives recognized in income | ||||||||||||
Net change in unrealized appreciation (depreciation) on futures contracts | (216,152 | ) | — | (216,152 | ) | |||||||
Net change in unrealized appreciation (depreciation) on forward foreign currency transactions(C) | — | (87,340 | ) | (87,340 | ) | |||||||
Total | $ | (368,637 | ) | $ | (8,856,619 | ) | $ | (9,225,256 | ) |
(B) | Included within Net realized gain (loss) on transactions from Foreign currency transactions. |
(C) | Included within Net change in unrealized appreciation (depreciation) on Translation of the assets and liabilities denominated in foreign currencies. |
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 2013 |
Page 192
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2013
(unaudited)
NOTE 5. (continued)
Transamerica Multi-Managed Balanced:
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 decreased, starting with 9 contracts and ending with 6 contracts. The volume of forward foreign currency contracts held averaged 4 contracts throughout the period with no change from the previous period, starting with 2 contracts and ending with 2 contracts. The volume of purchased and written options held increased during the period, both starting at 0 contracts and ending at 2 and 1 contracts, respectively, at the end of the period. The tables below highlight the types of risks associated with the Fund and how the aforementioned derivative instruments are used to mitigate such risks:
Fair Values of Derivative Instruments in the Statement of Assets and Liabilities as of April 30, 2013:
Derivatives not accounted for as hedging instruments
Location | Interest rate contracts | Foreign exchange contracts | Total | |||||||||
Asset Derivatives | ||||||||||||
Unrealized appreciation on futures contracts (A) | $ | 458,418 | $ | — | $ | 458,418 | ||||||
Unrealized appreciation on purchased options | 9,688 | — | 9,688 | |||||||||
Liability Derivatives | ||||||||||||
Unrealized depreciation on futures contracts(A) | (98,282 | ) | — | (98,282 | ) | |||||||
Unrealized appreciation on written options | (3,000 | ) | — | (3,000 | ) | |||||||
Unrealized depreciation on forward foreign currency contracts | — | (15,495 | ) | (15,495 | ) | |||||||
Total | $ | 366,824 | $ | (15,495 | ) | $ | 351,329 |
(A) | 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 in the Statement of Operations for the period ended April 30, 2013:
Derivatives not accounted for as hedging instruments
Location | Interest rate contracts | Foreign exchange contracts | Total | |||||||||
Net Realized Gain (Loss) on derivatives recognized in income | ||||||||||||
Net realized gain on futures contracts | $ | 72,209 | $ | — | $ | 72,209 | ||||||
Net realized gain on purchased options(B) | 3,623 | — | 3,623 | |||||||||
Net realized loss on written options | (24,027 | ) | — | (24,027 | ) | |||||||
Net realized gain on forward foreign currency contracts(C) | — | 17,662 | 17,662 | |||||||||
Net change in Unrealized Appreciation (Depreciation) on derivatives recognized in income | ||||||||||||
Net change in unrealized appreciation (depreciation) on futures contracts | 471,427 | — | 471,427 | |||||||||
Net change in unrealized appreciation (depreciation) on purchased options(D) | (20,931 | ) | — | (20,931 | ) | |||||||
Net change in unrealized appreciation (depreciation) on written options | 11,911 | — | 11,911 | |||||||||
Net change in unrealized appreciation (depreciation) on forward foreign currency transactions(E) | — | (81,889 | ) | (81,889 | ) | |||||||
Total | $ | 514,212 | $ | (64,227 | ) | $ | 449,985 |
(B) | Included within Net realized gain (loss) on transactions from Investment securities. |
(C) | Included within Net realized gain (loss) on transactions from Foreign currency transactions. |
(D) | Included within Net change in unrealized appreciation (depreciation) on Investment securities. |
(E) | Included within Net change in unrealized appreciation (depreciation) on Translation of the assets and liabilities denominated in foreign currencies. |
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.
Transamerica Funds | Semi-Annual Report 2013 |
Page 193
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2013
(unaudited)
NOTE 5. (continued)
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 its policy to distribute all of their taxable income and capital gains to their shareholders and otherwise qualify as a regulated investment company 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 provisions taken or expected to be taken for all open tax years 2009-2012, 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 Statement 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 differing treatment for items including, but not limited to, wash sales, structured notes, foreign bonds, net operating losses, distribution reclasses for REITs, passive foreign investment companies, foreign currency transactions, and capital loss carryforwards.
NOTE 7. ACCOUNTING PRONOUNCEMENTS
In December 2011, the Financial Accounting Standards Board (“FASB”) issued the authoritative guidance that will enhance disclosures related to financial instruments and derivative instruments that are either offset in the statement of assets and liabilities or subject to an enforceable master netting arrangement or similar agreement. In January 2013, the FASB issued further authoritative guidance clarifying the Scope of Disclosures about Offsetting Assets and Liabilities. This information will enable users of the Funds’ financial statements to evaluate the effect or potential effect of netting arrangements on the Funds’ financial position. The adoption of this disclosure requirement is effective for financial statements interim and annual years beginning on or after January 1, 2013.
Transamerica Dividend Focused and Transamerica International Small Cap Value adopted the enhanced disclosures related to financial instruments and derivative instruments effective with their commencement of operations on January 4, 2013.
Management is currently evaluating the implication of the additional disclosure requirements and its impact on the remaining Funds’ financial statements.
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 76,146 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 |
Transamerica Funds | Semi-Annual Report 2013 |
Page 194
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2013
(unaudited)
NOTE 8. (continued)
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 year ended October 31, 2012 are as follows:
Net investment income | $ | 6,820 | ||
Net realized and unrealized gain | 111,077 | |||
Net increase in net assets resulting from operations | 117,897 |
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 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 year ended October 31, 2012 are as follows:
Net investment income | $ | 4,124 | ||
Net realized and unrealized loss | (27,328 | ) | ||
Net decrease in net assets resulting from operations | (23,204 | ) |
Transamerica Funds | Semi-Annual Report 2013 |
Page 195
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2013
(unaudited)
NOTE 8. (continued)
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.
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 2013 |
Page 196
TRANSAMERICA FUNDS
APPROVAL OF INVESTMENT ADVISORY AGREEMENTS
(unaudited)
At a meeting of the Board of Trustees of Transamerica Funds (the “Board) held on August 2, 2012, the Board reviewed and considered the approval of a proposed investment advisory agreement (the “New Advisory Agreement”) between Transamerica Asset Management, Inc. (“TAM”) and each of the funds listed below (each a “Fund,” and collectively, the “Funds”). Following their review and consideration the Board determined that the New Advisory Agreement will enable shareholders to continue to enjoy investment management services at a cost that is reasonable in light of the services rendered. The Board, including the Independent Board Members, approved the New Advisory Agreement for each Fund.
Transamerica Capital Growth | Transamerica Large Cap Growth | |
Transamerica Diversified Equity | Transamerica Large Cap Value | |
Transamerica Emerging Markets Debt | Transamerica Money Market | |
Transamerica Emerging Markets Equity | Transamerica Multi-Managed Balanced | |
Transamerica Flexible Income | Transamerica Short-Term Bond | |
Transamerica Growth Opportunities | Transamerica Small Cap Value | |
Transamerica High Yield Bond | Transamerica Small/Mid Cap Value | |
Transamerica International Bond | Transamerica Tactical Income | |
Transamerica International Equity |
In reaching their decisions, the Board Members requested and obtained from TAM information they deemed necessary to evaluate the New Advisory Agreement, and also considered information they had previously received from TAM in connection with the initial approval or annual consideration, as applicable, of a Fund’s current advisory agreement (a “Current Advisory Agreement”). In considering the New Advisory Agreement for each Fund, the Board Members evaluated a number of factors and 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.
Among other matters, the Board Members considered:
• | the terms and conditions of the New Advisory Agreement, including the differences from the Current Advisory Agreement; |
• | the differences among the various Current Advisory Agreements, as well as differences with the advisory agreements of other funds in the Transamerica Fund complex and current industry practices; |
• | the fact that each Fund’s advisory fees will remain the same under the New Advisory Agreement; |
• | the nature, scope and quality of services that TAM as investment adviser is expected to continue to provide to the Funds; |
• | the fact that the Board performed a full review of the Current Advisory Agreement for each Fund either in June 2012 or, if the Fund is relatively new, at the time of the Fund’s launch, as required by the Investment Company Act of 1940 Act and determined that TAM has the capabilities, resources and personnel necessary to provide the advisory services then being provided and anticipated to be provided to each Fund, and that the fees paid by each Fund represented reasonable compensation to TAM in light of the services provided. |
In their deliberations, the Board Members did not identify any particular information that was all-important or controlling, and each Board Member may have attributed different weights to the various factors. The Board Members evaluated all information available to them on a Fund-by-Fund basis, and their determinations were made separately in respect of each Fund. The Board Members of each applicable Fund, including a majority of the Independent Board Members, concluded that the terms of the New Advisory Agreement are reasonable, and that the New Advisory Agreement should be approved and recommended to Fund shareholders.
Nature, Quality and Extent of Services Provided. In evaluating the nature, quality and extent of the services to be provided by TAM under each New Advisory Agreement, the Board Members considered, among other things, that the differences between the New Advisory Agreement and the Current Advisory Agreements are not expected to result in any diminution in the nature, quality and extent of services provided to each Fund and its shareholders and that it is expected that TAM will continue to provide high quality advisory services under the New Advisory Agreement. The Board considered the services provided by TAM for the advisory fee it will receive, after payment of a Fund’s sub-advisory fee, if applicable, including oversight of the services provided by the Funds’ administrator, custodian and transfer agent and supervision of the performance of recordkeeping, shareholder relations, regulatory reporting and compliance functions of the Funds, as well as the “manager of managers” services TAM will provide. The Board Members also considered that they recently had performed a full review of each Current Advisory Agreement and had determined that TAM can
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TRANSAMERICA FUNDS
APPROVAL OF INVESTMENT ADVISORY AGREEMENTS (continued)
(unaudited)
provide investment and related services that are appropriate in scope and extent in light of each Fund’s operations, the competitive landscape of the investment company business and investor needs.
Based on their review of the materials provided and the assurances they received from TAM, the Board Members of each Fund determined that if the New Advisory Agreement is adopted, TAM will continue to provide the advisory services that are appropriate in scope and extent in light of the Fund’s operations, the competitive landscape of the investment company business and investor needs.
Investment Performance. The Board Members considered the performance results of the Funds. The Board Members noted that they had recently considered the performance of the Funds over various time periods in connection with the consideration of the applicable Current Advisory Agreements in June 2012 or, for relatively new Funds, had considered certain performance information prior to the Fund’s launch. Based on this information, the Board Members determined that TAM continues to be capable of generating a level of investment performance that is appropriate in light of each Fund’s investment objectives, policies and strategies.
Advisory Fees and Total Expense Ratios. The Board Members noted that the advisory fees and total expense ratios of each Fund are expected to remain the same under the New Advisory Agreement. The Board considered that it had recently considered information provided by Lipper Inc. comparing the advisory fee and total expense ratio of each Fund to the management fees and total expense ratios of comparable investment companies. On the basis of these considerations, the Board Members determined that the advisory fees to be received by TAM under the New Advisory Agreement continue to be reasonable in light of the services provided.
Costs of Services Provided and Profitability. The Board Members considered information provided by TAM regarding the profitability of TAM with respect to the advisory services it provides to each Fund. The Board considered that it had recently reviewed profitability information about TAM’s costs of providing and/or procuring fund management services, as applicable, as well as the costs of providing administration, transfer agency and other services to the Funds. The Board Members determined that the profitability of TAM and its affiliates from their relationships with the Funds was not excessive.
Economies of Scale. The Board Members considered information on the advisory fees paid by each Fund, taking into account any applicable breakpoint fee structures to account for economies of scale, and concluded that each Fund’s fee structure reflected economies of scale to date. The Board Members also noted that, in the future, they would have the opportunity to periodically reexamine whether each Fund has achieved economies of scale and the appropriateness of advisory fees payable to TAM.
Fallout Benefits. The Board Members took into consideration the character of other incidental benefits to TAM from its relationship with each Fund. The Board Members noted that TAM is not expected to realize “soft dollar” benefits from its relationship with the Funds. The Board Members considered that the costs, nature, scope and quality of administrative and other services provided to the Funds by affiliates of TAM will not change as a result of approval of the New Advisory Agreement.
Other Considerations. The Board Members considered that the New Advisory Agreement would more closely align the Funds with current industry practice and standardize the terms of the advisory agreements across the Funds, allowing for more efficient monitoring and administration of their performance. In addition, the Board Members 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 continue to manage the Funds in a professional manner that is consistent with the best interests of the Funds and their shareholders. In this regard, the Board Members favorably considered the procedures and policies to enforce compliance with applicable laws and regulations and oversee the portfolio management activities of the sub-advisers, if applicable.
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TRANSAMERICA ENHANCED MUNI
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 2, 2012, the Board reviewed and considered the approval of a proposed mandate to establish Transamerica Enhanced Muni 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 Enhanced Muni (the “Fund” or “New Series”) 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 Belle Haven Investments, L.P. (“Belle Haven”), 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 Members requested and obtained from TAM and Belle Haven such information as they deemed reasonably necessary to evaluate the proposed agreements. In considering the proposed approval of the Investment Advisory and Sub-Advisory Agreements, the Board Members 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 Members 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 Board Member 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 Belle Haven. The Board considered the proposed investment approach for the New Series; the experience, capability and integrity of TAM’s senior management; the financial resources of TAM and Belle Haven; TAM’s management oversight process; and the professional qualifications of the portfolio management team of Belle Haven. The Board also considered the services to be provided by TAM for the portion of the management fee it will retain after payment of the sub-advisory fee for the New Series. The Board noted that these services include not only the services TAM provides to all Transamerica funds in the form of oversight of the services provided by the funds’ administrator, custodian and transfer agent and supervision of the performance of recordkeeping, shareholder relations, regulatory reporting and compliance functions of the funds, but also the “manager of managers” services TAM provides to sub-advised funds in the form of selection and oversight of the sub-adviser(s). Based on these considerations, the Board Members determined that TAM and Belle Haven 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.
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 return, risk and risk-adjusted composite performance data for the Belle Haven Ladder Plus strategy and Muni Plus strategy against the eVestment U.S. Municipal Fixed Income peer group and the New Series’ proposed benchmark. The Board Members noted that the annualized performance of each of these strategies, which would be combined to create the new Fund Series’ strategy, generally compared favorably to the benchmark and peer group for the 3-, 5- and 7-year periods, as applicable, ended March 31, 2012. On the basis of this information and the Board Members’ assessment of the nature, extent and quality of advisory services to be provided or procured by TAM and Belle Haven, the Board Members concluded that TAM and Belle Haven are capable of generating a level of investment performance that is appropriate in light of the New Series’ proposed investment objectives, policies and strategies.
Management fees and total expense ratios. The Board considered the proposed management fee and anticipated total expense ratio of the New Series, including information comparing the management fee and total expense ratio of the New Series to the management fees and total expense ratios of other investment companies in a Lipper peer universe. The Board also considered the fee to be charged by Belle Haven for sub-advisory services as well as the portion of the New Series’ management fee to be retained by TAM following payment of the sub-advisory fee. The Board Members noted that the proposed management fee for the New Series was slightly above its Lipper category median. The Board Members also noted that the anticipated total expense ratio of Class A shares of the New Series was higher than the Lipper category median. The Board also noted that TAM proposed to enter into an expense limitation arrangement with the New Series, which may result in TAM waiving fees for the benefit of shareholders. The Board took note of Transamerica Capital, Inc.’s commitment to waive 0.15% of the 0.30% Rule 12b-1 fee for Class A shares and 0.25% of the 1.00% Rule 12b-1 fee for Class C shares. Additionally, the Board Members noted the proposed Class A sales charge quantity discounts that would be available to shareholders. On the basis of these considerations, together with the other information it considered, the Board determined that the management and sub-advisory fees to be received by TAM and Belle Haven under the investment advisory and sub-advisory agreements are reasonable in light of the services to be provided.
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TRANSAMERICA ENHANCED MUNI
APPROVAL OF INVESTMENT ADVISORY AND SUB-ADVISORY AGREEMENTS (continued)
(unaudited)
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 and other services to the New Series by TAM and its affiliates. The Board noted that the sub-advisory fee is the product of arm’s-length negotiation between TAM and Belle Haven. As a result, the Board considered profitability information for TAM and its affiliates with respect to the New Series. Based on this information, the Board determined that the profitability of TAM and its affiliates from their relationships with the New Series was not anticipated to be excessive.
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 Belle Haven’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 Belle Haven.
Benefits to TAM, its affiliates, or Belle Haven from their relationship with the New Series. The Board considered any other benefits derived by TAM, its affiliates, and Belle Haven from their relationships with the New Series. The Board Members noted that TAM would not realize soft dollar benefits from its relationship with the New Series, and that Belle Haven 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 strategy and noted that TAM believes that the New Series would provide an additional retail investment offering currently not available in the Transamerica Funds’ lineup. 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 Belle Haven. The Board Members also noted that TAM has made a significant entrepreneurial commitment to the management and success of the New Series.
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TRANSAMERICA INCOME & 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 August 2, 2012, the Board reviewed and considered the approval of a proposed mandate to establish Transamerica Income & 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 Income & Growth (the “Fund” or “New Series”) 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 Ranger International Management, LP (“Ranger International”), 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 Members requested and obtained from TAM and Ranger International such information as they deemed reasonably necessary to evaluate the proposed agreements. In considering the proposed approval of the Investment Advisory and Sub-Advisory Agreements, the Board Members 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 Members 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 Board Member 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 Ranger International. The Board considered the proposed investment approach for the New Series; the experience, capability and integrity of TAM’s senior management; the financial resources of TAM and Ranger International; TAM’s management oversight process; and the professional qualifications of the portfolio management team of Ranger International. The Board also considered the services to be provided by TAM for the portion of the management fee it will retain after payment of the sub-advisory fee for the New Series. The Board noted that these services include not only the services TAM provides to all Transamerica funds in the form of oversight of the services provided by the funds’ administrator, custodian and transfer agent and supervision of the performance of recordkeeping, shareholder relations, regulatory reporting and compliance functions of the funds, but also the “manager of managers” services TAM provides to sub-advised funds in the form of selection and oversight of the sub-adviser(s). Based on these considerations, the Board Members determined that TAM and Ranger International 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.
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 return, risk and risk-adjusted composite performance data for the Ranger International global income and growth strategy against the eVestment Global Equity peer group and the New Series’ proposed primary and secondary benchmarks. The Board Members noted that the annualized performance of this strategy was higher than the peer group and benchmarks for the 1-, 3-, 5-year and since inception periods ended June 30, 2012. On the basis of this information and the Board Members’ assessment of the nature, extent and quality of advisory services to be provided or procured by TAM and Ranger International, the Board Members concluded that TAM and Ranger International are capable of generating a level of investment performance that is appropriate in light of the New Series’ proposed investment objectives, policies and strategies.
Management fees and total expense ratios. The Board considered the proposed management fee and anticipated total expense ratio of the New Series, including information comparing the management fee and total expense ratio of the New Series to the management fees and total expense ratios of other investment companies in a Lipper peer universe. The Board also considered the fee to be charged by Ranger International for sub-advisory services as well as the portion of the New Series’ management fee to be retained by TAM following payment of the sub-advisory fee. The Board Members noted that the proposed management fee for the New Series was lower than its Lipper category median. The Board Members also noted that the anticipated total expense ratio of Class A shares of the New Series was lower than the Lipper category median. The Board also noted that TAM proposed to enter into an expense limitation arrangement with the New Series, which may result in TAM waiving fees for the benefit of shareholders. On the basis of these considerations, together with the other information it considered, the Board determined that the management and sub-advisory fees to be received by TAM and Ranger under the investment advisory and sub-advisory agreements are reasonable in light of the services to be provided.
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 and other services to the New Series by TAM and its affiliates. The Board noted that the sub-advisory fee is the product of arm’s-length
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TRANSAMERICA INCOME & GROWTH
APPROVAL OF INVESTMENT ADVISORY AND SUB-ADVISORY AGREEMENTS (continued)
(unaudited)
negotiation between TAM and Ranger International. As a result, the Board considered profitability information for TAM and its affiliates with respect to the New Series. Based on this information, the Board determined that the profitability of TAM and its affiliates from their relationships with the New Series was not anticipated to be excessive.
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 Ranger International’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 Ranger International.
Benefits to TAM, its affiliates, or Ranger International from their relationship with the New Series. The Board considered any other benefits derived by TAM, its affiliates, and Ranger International from their relationships with the New Series. The Board Members noted that TAM would not realize soft dollar benefits from its relationship with the New Series, and that Ranger International 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 strategy and noted that TAM believes that the New Series would provide an additional retail investment offering currently not available in the Transamerica Funds’ lineup. 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 Ranger International. The Board Members also noted that TAM has made a significant entrepreneurial commitment to the management and success of the New Series.
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TRANSAMERICA DIVIDEND FOCUSED
APPROVAL OF INVESTMENT ADVISORY AND SUB-ADVISORY AGREEMENTS
(unaudited)
At a meeting of the Board of Trustees of Transamerica Funds (the “Board”) held on October 17 & 18, 2012, the Board reviewed and considered the approval of a proposed mandate to establish Transamerica Dividend Focused 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 Dividend Focused (the “Fund” or “New Series”) 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 Barrow, Hanley, Mewhinney, and Strauss, LLC (“BHMS”), 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 Members requested and obtained from TAM and BHMS such information as they deemed reasonably necessary to evaluate the proposed agreements. In considering the proposed approval of the Investment Advisory and Sub-Advisory Agreements, the Board Members 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 Members 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 Board Member 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 BHMS. The Board considered the proposed investment approach for the New Series; the experience, capability and integrity of TAM’s senior management; the financial resources of TAM and BHMS; TAM’s management oversight process; and the professional qualifications of the portfolio management team of BHMS. The Board also considered the services to be provided by TAM for the portion of the management fee it will retain after payment of the sub-advisory fee for the New Series. The Board noted that these services include not only the services TAM provides to all Transamerica funds in the form of oversight of the services provided by the funds’ administrator, custodian and transfer agent and supervision of the performance of recordkeeping, shareholder relations, regulatory reporting and compliance functions of the funds, but also the “manager of managers” services TAM provides to sub-advised funds in the form of selection and oversight of the sub-adviser(s). Based on these considerations, the Board Members determined that TAM and BHMS 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.
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 considered historical performance of certain discretionary accounts managed by BHMS since June 2002 with substantially similar investment objectives and strategies as the New Series. The historical performance contained one-, three-, five- and ten-year performance periods of the strategy, and as compared to its peers and benchmark. The Board Members noted that the historical performance of the accounts compared favorably to that of the benchmark and peer group for the periods shown. On the basis of this information and the Board Members’ assessment of the nature, extent and quality of advisory services to be provided or procured by TAM and BHMS, the Board Members concluded that TAM and BHMS are capable of generating a level of investment performance that is appropriate in light of the New Series’ proposed investment objectives, policies and strategies.
Management fees and total expense ratios. The Board considered the proposed management fee and anticipated total expense ratio of the New Series, including information comparing the management fee and total expense ratio of the New Series to the management fees and total expense ratios of other investment companies in a Lipper peer universe. The Board also considered the fee to be charged by BHMS for sub-advisory services as well as the portion of the New Series’ management fee to be retained by TAM following payment of the sub-advisory fee. The Board Members noted that the proposed management fee for the New Series was expected to be lower than the Lipper category median on an asset-weighted basis. The Board Members also noted that the anticipated total expense ratio of Class A shares of the New Series was lower than the Lipper category median. The Board also noted that TAM proposed to enter into an expense limitation arrangement with the New Series, which may result in TAM waiving fees for the benefit of shareholders. On the basis of these considerations, together with the other information it considered, the Board determined that the management and sub-advisory fees to be received by TAM and BHMS under the investment advisory and sub-advisory agreements are reasonable in light of the services to be provided.
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 and other services to the New Series by TAM and its affiliates. The Board noted that the sub-advisory fee is the product of arm’s-length
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TRANSAMERICA DIVIDEND FOCUSED
APPROVAL OF INVESTMENT ADVISORY AND SUB-ADVISORY AGREEMENTS (continued)
(unaudited)
negotiation between TAM and BHMS. As a result, the Board considered profitability information for TAM and its affiliates with respect to the New Series. Based on this information, the Board determined that the profitability of TAM and its affiliates from their relationships with the New Series was not anticipated to be excessive.
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 BHMS’ 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 BHMS.
Benefits to TAM, its affiliates, or BHMS from their relationship with the New Series. The Board considered any other benefits derived by TAM, its affiliates, and BHMS from their relationships with the New Series. The Board Members noted that TAM would not realize soft dollar benefits from its relationship with the New Series, and that BHMS 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 strategy and noted that TAM believes that the New Series would enhance the Transamerica Funds’ 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 BHMS. The Board Members also noted that TAM has made a significant entrepreneurial commitment to the management and success of the New Series.
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TRANSAMERICA INTERNATIONAL 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 October 17 & 18, 2012, the Board reviewed and considered the approval of a proposed mandate to establish Transamerica International 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 International Small Cap Value (the “Fund” or “New Series”) 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 Thompson, Siegel & Walmsley, LLC (“TS&W”), 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 Members requested and obtained from TAM and TS&W such information as they deemed reasonably necessary to evaluate the proposed agreements. In considering the proposed approval of the Investment Advisory and Sub-Advisory Agreements, the Board Members 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 Members 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 Board Member 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 TS&W. The Board considered the proposed investment approach for the New Series; the experience, capability and integrity of TAM’s senior management; the financial resources of TAM and TS&W; TAM’s management oversight process; and the professional qualifications of the portfolio management team of TS&W. The Board also considered the services to be provided by TAM for the portion of the management fee it will retain after payment of the sub-advisory fee for the New Series. The Board noted that these services include not only the services TAM provides to all Transamerica funds in the form of oversight of the services provided by the funds’ administrator, custodian and transfer agent and supervision of the performance of recordkeeping, shareholder relations, regulatory reporting and compliance functions of the funds, but also the “manager of managers” services TAM provides to sub-advised funds in the form of selection and oversight of the sub-adviser(s). Based on these considerations, the Board Members determined that TAM and TS&W 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.
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 considered historical performance of the TS&W composite on which the New Series will be based. The historical performance contained one-, three-, and since inception performance periods of the composite, and as compared to its peers and benchmark. The Board Members noted that the historical performance of the composite compared favorably to that of the benchmark and peer group for the periods shown. On the basis of this information and the Board Members’ assessment of the nature, extent and quality of advisory services to be provided or procured by TAM and TS&W, the Board Members concluded that TAM and TS&W are capable of generating a level of investment performance that is appropriate in light of the New Series’ proposed investment objectives, policies and strategies.
Management fees and total expense ratios. The Board considered the proposed management fee and anticipated total expense ratio of the New Series, including information comparing the management fee and total expense ratio of the New Series to the management fees and total expense ratios of other investment companies in a Lipper peer universe. The Board also considered the fee to be charged by TS&W for sub-advisory services as well as the portion of the New Series’ management fee to be retained by TAM following payment of the sub-advisory fee. The Board Members noted that the proposed management fee for the New Series was lower than its Lipper category median. The Board Members also noted that the anticipated total expense ratio of Class I shares of the New Series was higher than the Lipper category median. The Board also noted that TAM proposed to enter into an expense limitation arrangement with the New Series, which may result in TAM waiving fees for the benefit of shareholders. On the basis of these considerations, together with the other information it considered, the Board determined that the management and sub-advisory fees to be received by TAM and TS&W under the investment advisory and sub-advisory agreements are reasonable in light of the services to be provided.
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 and other services to the New Series by TAM and its affiliates. The Board noted that the sub-advisory fee is the product of arm’s-length
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TRANSAMERICA INTERNATIONAL SMALL CAP VALUE
APPROVAL OF INVESTMENT ADVISORY AND SUB-ADVISORY AGREEMENTS (continued)
(unaudited)
negotiation between TAM and TS&W. As a result, the Board considered profitability information for TAM and its affiliates with respect to the New Series. Based on this information, the Board determined that the profitability of TAM and its affiliates from their relationships with the New Series was not anticipated to be excessive.
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 TS&W’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 TS&W.
Benefits to TAM, its affiliates, or TS&W from their relationship with the New Series. The Board considered any other benefits derived by TAM, its affiliates, and TS&W from their relationships with the New Series. The Board Members noted that TAM would not realize soft dollar benefits from its relationship with the New Series, and that TS&W 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 strategy and noted that TAM believes that investment in the New Series would enhance the investment options for the TST Asset Allocation Portfolios. 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 TS&W. The Board Members also noted that TAM has made a significant entrepreneurial commitment to the management and success of the New Series.
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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 December 21, 2012, the Board reviewed and considered the approval of a new investment sub-advisory agreement (the “New Sub-Advisory Agreement”) between ClariVest Asset Management, LLC (“ClariVest”), sub-adviser to Transamerica Emerging Markets Equity (the “Fund”), and Transamerica Asset Management, Inc. (“TAM”), the Fund’s investment adviser, in light of a transaction which resulted in a change of control of ClariVest, thereby automatically terminating the existing sub-advisory agreement with ClariVest.
To assist the Board in its consideration of the New Sub-Advisory Agreement, the Board received in advance of the Meeting certain materials and information. In addition, the Independent Board Members consulted with their independent legal counsel, discussing, among other things, the legal standards and certain other considerations relevant to the Board’s deliberations. Following the presentation by TAM and a discussion amongst the Board Members and Management, the Board approved the New Sub-Advisory Agreement for an initial two-year period on behalf of the Fund.
Among other things, the Board considered:
• | that the Board had, prior to the Fund’s recent launch, performed a full review of the sub-advisory agreement with ClariVest and had determined that ClariVest had the capabilities, resources and personnel necessary to provide the sub-advisory services to the Fund; |
• | assurances received from ClariVest that the change of control is not expected to result in any diminution in the nature, quality and extent of services provided to the Fund and its shareholders, including compliance services; |
• | assurances received from ClariVest as to the consistency of the portfolio management team that would be primarily responsible for the day-to-day management of the Fund; and |
• | that the sub-advisory fee schedule under the New Sub-Advisory Agreement would not differ from the schedule under the prior sub-advisory agreement. |
The Board determined that the information the Board had considered with respect to the following factors in connection with its initial approval of the sub-advisory agreement with ClariVest and its conclusions regarding those factors were applicable to its decision to approve the New Sub-Advisory Agreement: (i) the nature, extent and quality of the advisory services to be provided; (ii) investment performance; (iii) cost of advisory services provided and level of profitability; (iv) whether fee levels reflect economies of scale and the extent to which economies of scale would be realized as the Fund grows; and (v) benefits to ClariVest from its relationship with the Fund.
Based upon its review and the representations made to it and after consideration of the above factors, and such other factors and information as it deemed relevant, the Board approved the New Sub-Advisory Agreement. No single factor reviewed by the Board was identified as the principal factor in determining whether to approve the New Sub-Advisory Agreement and each Board Member may have attributed different weights to the various factors considered.
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TRANSAMERICA TACTICAL ALLOCATION
APPROVAL OF INVESTMENT ADVISORY AND SUB-ADVISORY AGREEMENTS
(unaudited)
At a meeting of the Board of Trustees of Transamerica Funds (the “Board”) held on May 24, 2012, the Board reviewed and considered the approval of a proposed mandate to establish Transamerica Tactical Allocation 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 Allocation (the “Fund” or “New Series”) 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”), 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 Members 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 the investment advisory and sub-advisory agreements, the Board Members 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 Members 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 Board Member 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 proposed investment approach for the New Series; 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 the portfolio management team of AUIM. The Board also considered the services to be provided by TAM for the portion of the management fee it will retain after payment of the sub-advisory fee for the New Series. The Board noted that these services include not only the services TAM provides to all Transamerica funds in the form of oversight of the services provided by the funds’ administrator, custodian and transfer agent and supervision of the performance of recordkeeping, shareholder relations, regulatory reporting and compliance functions of the funds, but also the “manager of managers” services TAM provides to sub-advised funds in the form of selection and oversight of the sub-adviser(s). Based on these considerations, 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 ETFs offered by Vanguard, iShares, ProShares, Guggenheim, Van Eck, WisdomTree, Invesco and State Street Global Advisors, as proposed, the Board was required to consider whether the fees to be charged by TAM and AUIM are for services that are in addition to, rather than duplicative of, the services provided under the advisory contracts of the underlying ETFs. 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 may 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 and a peer universe for the New Series for the 1-, 3-, 5- and 10-year periods ended December 31, 2011 (annualized). The Board Members noted that based on this model performance, the performance of the New Series compared favorably to that of the primary, secondary and composite benchmarks and peer universe for the 5- and 10-year periods ended December 31, 2011. On the basis of this information and 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.
Management fees and total expense ratios. The Board considered the proposed management fee and anticipated total expense ratio of the New Series, including information comparing the management fee and total expense ratio of the New Series to the management fees and total expense ratios of other investment companies in a Lipper peer universe. The Board also considered the fee to be charged by AUIM for sub-advisory services as well as the portion of the New Series’ management fee to be retained by TAM following
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TRANSAMERICA TACTICAL ALLOCATION
APPROVAL OF INVESTMENT ADVISORY AND SUB-ADVISORY AGREEMENTS (continued)
(unaudited)
payment of the sub-advisory fee. The Board Members noted that the proposed management fee for the New Series was lower 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 with certain similar attributes. The Board Members also noted that the anticipated total expense ratio of Class A shares of the New Series was lower than the Lipper category median. The Board also noted that TAM proposed to enter into an expense limitation arrangement with the New Series, which may result in TAM waiving fees for the benefit of shareholders. On the basis of these considerations, together with the other information it considered, the Board determined that the management and sub-advisory fees to be received by TAM and AUIM under the investment advisory and sub-advisory agreements are reasonable in light of the services to be provided.
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 and other services to the New Series by TAM and its affiliates. The Board noted that information about AUIM’s projected revenues and expenses was incorporated into TAM’s profitability analysis for the New Series. As a result, the Board considered profitability information for TAM and AUIM in the aggregate. Based on this information, the Board determined that the profitability of TAM and its affiliates from their relationships with the New Series was not anticipated to be excessive.
Whether fee levels reflect economies of scale and the extent to which economies of scale would be realized as the New Series grow. 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 have achieved economies of scale and the appropriateness of management fees payable to TAM and fees payable by TAM to AUIM.
Benefits to TAM, its affiliates, or AUIM from their relationship with the New Series. The Board considered any other benefits derived by TAM, its affiliates, and AUIM from their relationships with the New Series. 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.
Other considerations. The Board considered the investment objectives of the New Series and the New Series’ 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 their 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 ETFs pursuant to the exemptive orders of the respective ETF providers. The Board Members also noted that TAM has made a significant entrepreneurial commitment to the management and success of the New Series.
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TRANSAMERICA TACTICAL ROTATION
APPROVAL OF INVESTMENT ADVISORY AND SUB-ADVISORY AGREEMENTS
(unaudited)
At a meeting of the Board of Trustees of Transamerica Funds (the “Board”) held on May 24, 2012, the Board reviewed and considered the approval of a proposed mandate to establish Transamerica Tactical Rotation 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 Allocation (the “Fund” or “New Series”) 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”), 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 Members 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 the investment advisory and sub-advisory agreements, the Board Members 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 Members 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 Board Member 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 proposed investment approach for the New Series; 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 the portfolio management team of AUIM. The Board also considered the services to be provided by TAM for the portion of the management fee it will retain after payment of the sub-advisory fee for the New Series. The Board noted that these services include not only the services TAM provides to all Transamerica funds in the form of oversight of the services provided by the funds’ administrator, custodian and transfer agent and supervision of the performance of recordkeeping, shareholder relations, regulatory reporting and compliance functions of the funds, but also the “manager of managers” services TAM provides to sub-advised funds in the form of selection and oversight of the sub-adviser(s). Based on these considerations, 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 ETFs offered by Vanguard, iShares, ProShares, Guggenheim, Van Eck, WisdomTree, Invesco and State Street Global Advisors, as proposed, the Board was required to consider whether the fees to be charged by TAM and AUIM are for services that are in addition to, rather than duplicative of, the services provided under the advisory contracts of the underlying ETFs. 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 may 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 and a peer universe for the New Series for the 1-, 3-, 5- and 10-year periods ended December 31, 2011 (annualized). The Board Members noted that based on this model performance, the performance of the New Series compared favorably to that of the primary and secondary benchmarks and peer universe for the 3-, 5- and 10-year periods ended December 31, 2011. On the basis of this information and 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.
Management fees and total expense ratios. The Board considered the proposed management fee and anticipated total expense ratio of the New Series, including information comparing the management fee and total expense ratio of the New Series to the management fees and total expense ratios of other investment companies in a Lipper peer universe. The Board also considered the fee to be charged by AUIM for sub-advisory services as well as the portion of the New Series’ management fee to be retained by TAM following
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TRANSAMERICA TACTICAL ROTATION
APPROVAL OF INVESTMENT ADVISORY AND SUB-ADVISORY AGREEMENTS (continued)
(unaudited)
payment of the sub-advisory fee. The Board Members noted that the proposed management fee for the New Series was lower 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 with certain similar attributes. The Board Members also noted that the anticipated total expense ratio of Class A shares of the New Series was lower than the Lipper category median. The Board also noted that TAM proposed to enter into an expense limitation arrangement with the New Series, which may result in TAM waiving fees for the benefit of shareholders. On the basis of these considerations, together with the other information it considered, the Board determined that the management and sub-advisory fees to be received by TAM and AUIM under the investment advisory and sub-advisory agreements are reasonable in light of the services to be provided.
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 and other services to the New Series by TAM and its affiliates. The Board noted that information about AUIM’s projected revenues and expenses was incorporated into TAM’s profitability analysis for the New Series. As a result, the Board considered profitability information for TAM and AUIM in the aggregate. Based on this information, the Board determined that the profitability of TAM and its affiliates from their relationships with the New Series was not anticipated to be excessive.
Whether fee levels reflect economies of scale and the extent to which economies of scale would be realized as the New Series grow. 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 have achieved economies of scale and the appropriateness of management fees payable to TAM and fees payable by TAM to AUIM.
Benefits to TAM, its affiliates, or AUIM from their relationship with the New Series. The Board considered any other benefits derived by TAM, its affiliates, and AUIM from their relationships with the New Series. 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.
Other considerations. The Board considered the investment objectives of the New Series and the New Series’ 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 their 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 ETFs pursuant to the exemptive orders of the respective ETF providers. The Board Members also noted that TAM has made a significant entrepreneurial commitment to the management and success of the New Series.
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Page 211
Transamerica Funds
TRANSAMERICA CAPITAL GROWTH
RESULTS OF SHAREHOLDER PROXY
(unaudited)
Rule 30e-1 under the Investment Company Act of 1940, as amended, titled “Reports to Stockholders of Management Companies,” requires registered management companies to report on all subject matters put to the vote of shareholders and provide final results. Accordingly, the Board of Trustees of the Funds solicited a vote by the shareholders for the following items:
At a special meeting of shareholders held on November 16, 2012, the results of Proposal I were as follows:
Proposal I: To elect Board Members:
Proposed Trustee | For | Against | Withheld | |||
Thomas A. Swank | $ 24,297,756,976.14 | $ — | $ 233,375,784.56 | |||
Sandra N. Bane | $ 24,301,005,287.26 | $ — | $ 230,127,473.44 | |||
Leo J. Hill | $ 24,303,864,648.88 | $ — | $ 227,268,111.82 | |||
David W. Jennings | $ 24,305,514,957.51 | $ — | $ 225,617,803.19 | |||
Russell A. Kimball, Jr. | $ 24,302,578,520.25 | $ — | $ 228,554,240.45 | |||
Eugene M. Mannella | $ 24,302,290,685.74 | $ — | $ 228,842,074.96 | |||
Norman R. Nielsen | $ 24,301,874,299.84 | $ — | $ 229,258,460.86 | |||
Joyce G. Norden | $ 24,296,730,545.02 | $ — | $ 234,402,215.68 | |||
Patricia L. Sawyer | $ 24,303,832,760.74 | $ — | $ 227,299,999.96 | |||
John W. Waechter | $ 24,303,568,956.41 | $ — | $ 227,563,804.29 | |||
Alan F. Warrick | $ 24,298,534,836.00 | $ — | $ 232,597,924.70 |
At a special meeting of shareholders held on November 16, 2012, the results of Proposal II were as follows:
Proposal II: To approve a new investment advisory agreement with Transamerica Asset Management, Inc.
For | Against | Abstentions/Broker Non-Votes | ||
$ 551,398,438.80 | $ 352,215.60 | $ 461,877.85 / $ 63,790,652.66 |
At a special meeting of shareholders held on November 16, 2012, the results of Proposal III were as follows:
Proposal III: To approve changes to the fundamental investment policies
Proposal III.A — Underwriting
For | Against | Abstentions/Broker Non-Votes | ||
$ 551,332,379.00 | $ 375,737.93 | $ 504,400.23 / $ 63,790,667.74 |
Proposal III.B — Real Estate
For | Against | Abstentions/Broker Non-Votes | ||
$ 551,269,383.05 | $ 387,356.60 | $ 555,777.51 / $ 63,790,667.74 |
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Page 212
Transamerica Funds
Proposal III.C — Concentration
For | Against | Abstentions/Broker Non-Votes | ||
$ 551,262,826.02 | $ 460,183.52 | $ 489,507.62 / $ 63,790,667.74 |
Proposal III.D — Diversification
For | Against | Abstentions/Broker Non-Votes | ||
$ 551,362,891.27 | $ 354,440.35 | $ 495,185.55 / $ 63,790,667.74 |
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Page 213
Transamerica Funds
TRANSAMERICA DIVERSIFIED EQUITY
RESULTS OF SHAREHOLDER PROXY
(unaudited)
Rule 30e-1 under the Investment Company Act of 1940, as amended, titled “Reports to Stockholders of Management Companies,” requires registered management companies to report on all subject matters put to the vote of shareholders and provide final results. Accordingly, the Board of Trustees of the Funds solicited a vote by the shareholders for the following items:
At a special meeting of shareholders held on November 16, 2012, the results of Proposal I were as follows:
Proposal I: To elect Board Members:
Proposed Trustee | For | Against | Withheld | |||
Thomas A. Swank | $ 24,297,756,976.14 | $ — | $ 233,375,784.56 | |||
Sandra N. Bane | $ 24,301,005,287.26 | $ — | $ 230,127,473.44 | |||
Leo J. Hill | $ 24,303,864,648.88 | $ — | $ 227,268,111.82 | |||
David W. Jennings | $ 24,305,514,957.51 | $ — | $ 225,617,803.19 | |||
Russell A. Kimball, Jr. | $ 24,302,578,520.25 | $ — | $ 228,554,240.45 | |||
Eugene M. Mannella | $ 24,302,290,685.74 | $ — | $ 228,842,074.96 | |||
Norman R. Nielsen | $ 24,301,874,299.84 | $ — | $ 229,258,460.86 | |||
Joyce G. Norden | $ 24,296,730,545.02 | $ — | $ 234,402,215.68 | |||
Patricia L. Sawyer | $ 24,303,832,760.74 | $ — | $ 227,299,999.96 | |||
John W. Waechter | $ 24,303,568,956.41 | $ — | $ 227,563,804.29 | |||
Alan F. Warrick | $ 24,298,534,836.00 | $ — | $ 232,597,924.70 |
At a special meeting of shareholders held on November 16, 2012, the results of Proposal II were as follows:
Proposal II: To approve a new investment advisory agreement with Transamerica Asset Management, Inc.
For | Against | Abstentions/Broker Non-Votes | ||
$ 820,358,254.50 | $ 8,858,032.29 | $ 15,521,841.85 / $ 164,733,866.20 |
At a special meeting of shareholders held on November 16, 2012, the results of Proposal III were as follows:
Proposal III: To approve changes to the fundamental investment policies
Proposal III.A — Underwriting
For | Against | Abstentions/Broker Non-Votes | ||
$ 816,024,005.28 | $ 11,566,326.69 | $ 17,147,783.39 / $ 164,733,879.48 |
Proposal III.B — Real Estate
For | Against | Abstentions/Broker Non-Votes | ||
$ 814,618,628.45 | $ 13,553,978.01 | $ 16,565,522.02 / $ 164,733,866.36 |
Transamerica Funds | Semi-Annual Report 2013 |
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Transamerica Funds
Proposal III.C — Concentration
For | Against | Abstentions/Broker Non-Votes | ||
$ 813,304,892.03 | $ 13,167,565.09 | $ 18,265,671.35 / $ 164,733,866.36 |
Proposal III.D — Diversification
For | Against | Abstentions/Broker Non-Votes | ||
$ 822,017,722.70 | $ 6,062,652.70 | $ 16,657,753.08 / $ 164,733,866.36 |
Transamerica Funds | Semi-Annual Report 2013 |
Page 215
Transamerica Funds
TRANSAMERICA EMERGING MARKETS DEBT
RESULTS OF SHAREHOLDER PROXY
(unaudited)
Rule 30e-1 under the Investment Company Act of 1940, as amended, titled “Reports to Stockholders of Management Companies,” requires registered management companies to report on all subject matters put to the vote of shareholders and provide final results. Accordingly, the Board of Trustees of the Funds solicited a vote by the shareholders for the following items:
At a special meeting of shareholders held on November 16, 2012, the results of Proposal I were as follows:
Proposal I: To elect Board Members:
Proposed Trustee | For | Against | Withheld | |||
Thomas A. Swank | $ 24,297,756,976.14 | $ — | $ 233,375,784.56 | |||
Sandra N. Bane | $ 24,301,005,287.26 | $ — | $ 230,127,473.44 | |||
Leo J. Hill | $ 24,303,864,648.88 | $ — | $ 227,268,111.82 | |||
David W. Jennings | $ 24,305,514,957.51 | $ — | $ 225,617,803.19 | |||
Russell A. Kimball, Jr. | $ 24,302,578,520.25 | $ — | $ 228,554,240.45 | |||
Eugene M. Mannella | $ 24,302,290,685.74 | $ — | $ 228,842,074.96 | |||
Norman R. Nielsen | $ 24,301,874,299.84 | $ — | $ 229,258,460.86 | |||
Joyce G. Norden | $ 24,296,730,545.02 | $ — | $ 234,402,215.68 | |||
Patricia L. Sawyer | $ 24,303,832,760.74 | $ — | $ 227,299,999.96 | |||
John W. Waechter | $ 24,303,568,956.41 | $ — | $ 227,563,804.29 | |||
Alan F. Warrick | $ 24,298,534,836.00 | $ — | $ 232,597,924.70 |
At a special meeting of shareholders held on November 16, 2012, the results of Proposal II were as follows:
Proposal II: To approve a new investment advisory agreement with Transamerica Asset Management, Inc.
For | Against | Abstentions/Broker Non-Votes | ||
$ 203,663,620.53 | $ 184,966.42 | $ 138,102.82 / $ 33,524,647.96 |
At a special meeting of shareholders held on November 16, 2012, the results of Proposal III were as follows:
Proposal III: To approve changes to the fundamental investment policies
Proposal III.A — Underwriting
For | Against | Abstentions/Broker Non-Votes | ||
$ 202,633,991.75 | $ 1,253,450.88 | $ 99,258.18 / $ 33,524,636.92 |
Proposal III.B — Real Estate
For | Against | Abstentions/Broker Non-Votes | ||
$ 203,642,376.85 | $ 196,365.40 | $ 147,958.54 / $ 33,524,636.94 |
Transamerica Funds | Semi-Annual Report 2013 |
Page 216
Transamerica Funds
Proposal III.C — Concentration
For | Against | Abstentions/Broker Non-Votes | ||
$ 203,679,484.19 | $ 199,506.10 | $ 107,710.52 / $ 33,524,636.92 |
Proposal III.D — Diversification
For | Against | Abstentions/Broker Non-Votes | ||
$ 203,587,497.25 | $ 251,233.98 | $ 147,958.54 / $ 33,524,647.96 |
Transamerica Funds | Semi-Annual Report 2013 |
Page 217
Transamerica Funds
TRANSAMERICA EMERGING MARKETS EQUITY
RESULTS OF SHAREHOLDER PROXY
(unaudited)
Rule 30e-1 under the Investment Company Act of 1940, as amended, titled “Reports to Stockholders of Management Companies,” requires registered management companies to report on all subject matters put to the vote of shareholders and provide final results. Accordingly, the Board of Trustees of the Funds solicited a vote by the shareholders for the following items:
At a special meeting of shareholders held on November 16, 2012, the results of Proposal I were as follows:
Proposal I: To elect Board Members:
Proposed Trustee | For | Against | Withheld | |||
Thomas A. Swank | $ 24,297,756,976.14 | $ — | $ 233,375,784.56 | |||
Sandra N. Bane | $ 24,301,005,287.26 | $ — | $ 230,127,473.44 | |||
Leo J. Hill | $ 24,303,864,648.88 | $ — | $ 227,268,111.82 | |||
David W. Jennings | $ 24,305,514,957.51 | $ — | $ 225,617,803.19 | |||
Russell A. Kimball, Jr. | $ 24,302,578,520.25 | $ — | $ 228,554,240.45 | |||
Eugene M. Mannella | $ 24,302,290,685.74 | $ — | $ 228,842,074.96 | |||
Norman R. Nielsen | $ 24,301,874,299.84 | $ — | $ 229,258,460.86 | |||
Joyce G. Norden | $ 24,296,730,545.02 | $ — | $ 234,402,215.68 | |||
Patricia L. Sawyer | $ 24,303,832,760.74 | $ — | $ 227,299,999.96 | |||
John W. Waechter | $ 24,303,568,956.41 | $ — | $ 227,563,804.29 | |||
Alan F. Warrick | $ 24,298,534,836.00 | $ — | $ 232,597,924.70 |
At a special meeting of shareholders held on November 16, 2012, the results of Proposal II were as follows:
Proposal II: To approve a new investment advisory agreement with Transamerica Asset Management, Inc.
For | Against | Abstentions/Broker Non-Votes | ||
$ 54,142,730.07 | $ — | $ — / $ — |
At a special meeting of shareholders held on November 16, 2012, the results of Proposal III were as follows:
Proposal III: To approve changes to the fundamental investment policies
Proposal III.A — Underwriting
For | Against | Abstentions/Broker Non-Votes | ||
$ 54,142,730.07 | $ — | $ — / $ — |
Proposal III.B — Real Estate
For | Against | Abstentions/Broker Non-Votes | ||
$ 54,142,730.07 | $ — | $ — / $ — |
Transamerica Funds | Semi-Annual Report 2013 |
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Transamerica Funds
Proposal III.C — Concentration
For | Against | Abstentions/Broker Non-Votes | ||
$ 54,142,730.07 | $ — | $ — / $ — |
Proposal III.D — Diversification
For | Against | Abstentions/Broker Non-Votes | ||
$ 54,142,730.07 | $ — | $ — / $ — |
Transamerica Funds | Semi-Annual Report 2013 |
Page 219
Transamerica Funds
TRANSAMERICA FLEXIBLE INCOME
RESULTS OF SHAREHOLDER PROXY
(unaudited)
Rule 30e-1 under the Investment Company Act of 1940, as amended, titled “Reports to Stockholders of Management Companies,” requires registered management companies to report on all subject matters put to the vote of shareholders and provide final results. Accordingly, the Board of Trustees of the Funds solicited a vote by the shareholders for the following items:
At a special meeting of shareholders held on November 16, 2012, the results of Proposal I were as follows:
Proposal I: To elect Board Members:
Proposed Trustee | For | Against | Withheld | |||
Thomas A. Swank | $ 24,297,756,976.14 | $ — | $ 233,375,784.56 | |||
Sandra N. Bane | $ 24,301,005,287.26 | $ — | $ 230,127,473.44 | |||
Leo J. Hill | $ 24,303,864,648.88 | $ — | $ 227,268,111.82 | |||
David W. Jennings | $ 24,305,514,957.51 | $ — | $ 225,617,803.19 | |||
Russell A. Kimball, Jr. | $ 24,302,578,520.25 | $ — | $ 228,554,240.45 | |||
Eugene M. Mannella | $ 24,302,290,685.74 | $ — | $ 228,842,074.96 | |||
Norman R. Nielsen | $ 24,301,874,299.84 | $ — | $ 229,258,460.86 | |||
Joyce G. Norden | $ 24,296,730,545.02 | $ — | $ 234,402,215.68 | |||
Patricia L. Sawyer | $ 24,303,832,760.74 | $ — | $ 227,299,999.96 | |||
John W. Waechter | $ 24,303,568,956.41 | $ — | $ 227,563,804.29 | |||
Alan F. Warrick | $ 24,298,534,836.00 | $ — | $ 232,597,924.70 |
At a special meeting of shareholders held on November 16, 2012, the results of Proposal II were as follows:
Proposal II: To approve a new investment advisory agreement with Transamerica Asset Management, Inc.
For | Against | Abstentions/Broker Non-Votes | ||
$ 152,164,461.99 | $ 421,808.44 | $ 1,147,107.56 / $ 80,969,813.91 |
At a special meeting of shareholders held on November 16, 2012, the results of Proposal III were as follows:
Proposal III: To approve changes to the fundamental investment policies
Proposal III.A — Underwriting
For | Against | Abstentions/Broker Non-Votes | ||
$ 152,006,313.53 | $ 378,121.59 | $ 1,348,933.69 / $ 80,969,823.09 |
Proposal III.B — Real Estate
For | Against | Abstentions/Broker Non-Votes | ||
$ 151,832,941.39 | $ 551,493.73 | $ 1,348,933.69 / $ 80,969,823.09 |
Transamerica Funds | Semi-Annual Report 2013 |
Page 220
Transamerica Funds
Proposal III.C — Concentration
For | Against | Abstentions/Broker Non-Votes | ||
$ 151,848,887.05 | $ 560,563.57 | $ 1,323,918.19 / $ 80,969,823.09 |
Proposal III.D — Diversification
For | Against | Abstentions/Broker Non-Votes | ||
$ 152,098,305.24 | $ 322,427.60 | $ 1,312,645.15 / $ 80,969,813.91 |
Transamerica Funds | Semi-Annual Report 2013 |
Page 221
Transamerica Funds
TRANSAMERICA GROWTH OPPORTUNITIES
RESULTS OF SHAREHOLDER PROXY
(unaudited)
Rule 30e-1 under the Investment Company Act of 1940, as amended, titled “Reports to Stockholders of Management Companies,” requires registered management companies to report on all subject matters put to the vote of shareholders and provide final results. Accordingly, the Board of Trustees of the Funds solicited a vote by the shareholders for the following items:
At a special meeting of shareholders held on November 16, 2012, the results of Proposal I were as follows:
Proposal I: To elect Board Members:
Proposed Trustee | For | Against | Withheld | |||
Thomas A. Swank | $ 24,297,756,976.14 | $ — | $ 233,375,784.56 | |||
Sandra N. Bane | $ 24,301,005,287.26 | $ — | $ 230,127,473.44 | |||
Leo J. Hill | $ 24,303,864,648.88 | $ — | $ 227,268,111.82 | |||
David W. Jennings | $ 24,305,514,957.51 | $ — | $ 225,617,803.19 | |||
Russell A. Kimball, Jr. | $ 24,302,578,520.25 | $ — | $ 228,554,240.45 | |||
Eugene M. Mannella | $ 24,302,290,685.74 | $ — | $ 228,842,074.96 | |||
Norman R. Nielsen | $ 24,301,874,299.84 | $ — | $ 229,258,460.86 | |||
Joyce G. Norden | $ 24,296,730,545.02 | $ — | $ 234,402,215.68 | |||
Patricia L. Sawyer | $ 24,303,832,760.74 | $ — | $ 227,299,999.96 | |||
John W. Waechter | $ 24,303,568,956.41 | $ — | $ 227,563,804.29 | |||
Alan F. Warrick | $ 24,298,534,836.00 | $ — | $ 232,597,924.70 |
At a special meeting of shareholders held on November 16, 2012, the results of Proposal II were as follows:
Proposal II: To approve a new investment advisory agreement with Transamerica Asset Management, Inc.
For | Against | Abstentions/Broker Non-Votes | ||
$ 390,651,358.66 | $ 738,722.48 | $ 457,675.05 / $ 39,176,150.62 |
At a special meeting of shareholders held on November 16, 2012, the results of Proposal III were as follows:
Proposal III: To approve changes to the fundamental investment policies
Proposal III.A — Underwriting
For | Against | Abstentions/Broker Non-Votes | ||
$ 390,745,923.74 | $ 605,715.90 | $ 496,116.55 / $ 39,176,150.62 |
Proposal III.B — Real Estate
For | Against | Abstentions/Broker Non-Votes | ||
$ 390,745,622.44 | $ 614,125.97 | $ 487,999.97 / $ 39,176,158.43 |
Transamerica Funds | Semi-Annual Report 2013 |
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Transamerica Funds
Proposal III.C — Concentration
For | Against | Abstentions/Broker Non-Votes | ||
$ 390,707,468.83 | $ 648,668.94 | $ 491,618.42 / $ 39,176,150.62 |
Proposal III.D — Diversification
For | Against | Abstentions/Broker Non-Votes | ||
$ 390,995,814.24 | $ 372,880.65 | $ 479,061.30 / $ 39,176,150.62 |
Transamerica Funds | Semi-Annual Report 2013 |
Page 223
Transamerica Funds
TRANSAMERICA HIGH YIELD BOND
RESULTS OF SHAREHOLDER PROXY
(unaudited)
Rule 30e-1 under the Investment Company Act of 1940, as amended, titled “Reports to Stockholders of Management Companies,” requires registered management companies to report on all subject matters put to the vote of shareholders and provide final results. Accordingly, the Board of Trustees of the Funds solicited a vote by the shareholders for the following items:
At a special meeting of shareholders held on November 16, 2012, the results of Proposal I were as follows:
Proposal I: To elect Board Members:
Proposed Trustee | For | Against | Withheld | |||
Thomas A. Swank | $ 24,297,756,976.14 | $ — | $ 233,375,784.56 | |||
Sandra N. Bane | $ 24,301,005,287.26 | $ — | $ 230,127,473.44 | |||
Leo J. Hill | $ 24,303,864,648.88 | $ — | $ 227,268,111.82 | |||
David W. Jennings | $ 24,305,514,957.51 | $ — | $ 225,617,803.19 | |||
Russell A. Kimball, Jr. | $ 24,302,578,520.25 | $ — | $ 228,554,240.45 | |||
Eugene M. Mannella | $ 24,302,290,685.74 | $ — | $ 228,842,074.96 | |||
Norman R. Nielsen | $ 24,301,874,299.84 | $ — | $ 229,258,460.86 | |||
Joyce G. Norden | $ 24,296,730,545.02 | $ — | $ 234,402,215.68 | |||
Patricia L. Sawyer | $ 24,303,832,760.74 | $ — | $ 227,299,999.96 | |||
John W. Waechter | $ 24,303,568,956.41 | $ — | $ 227,563,804.29 | |||
Alan F. Warrick | $ 24,298,534,836.00 | $ — | $ 232,597,924.70 |
At a special meeting of shareholders held on November 16, 2012, the results of Proposal II were as follows:
Proposal II: To approve a new investment advisory agreement with Transamerica Asset Management, Inc.
For | Against | Abstentions/Broker Non-Votes | ||
$ 372,115,586.36 | $ 2,936,607.14 | $ 6,710,323.87 / $ 225,606,228.02 |
At a special meeting of shareholders held on November 16, 2012, the results of Proposal III were as follows:
Proposal III: To approve changes to the fundamental investment policies
Proposal III.A — Underwriting
For | Against | Abstentions/Broker Non-Votes | ||
$ 371,742,397.31 | $ 3,083,917.33 | $ 6,936,174.31 / $ 225,606,256.44 |
Proposal III.B — Real Estate
For | Against | Abstentions/Broker Non-Votes | ||
$ 371,301,678.75 | $ 3,394,380.92 | $ 7,066,382.29 / $ 225,606,303.42 |
Transamerica Funds | Semi-Annual Report 2013 |
Page 224
Transamerica Funds
Proposal III.C — Concentration
For | Against | Abstentions/Broker Non-Votes | ||
$ 371,734,670.77 | $ 3,039,807.91 | $ 6,987,991.50 / $ 225,606,275.20 |
Proposal III.D — Diversification
For | Against | Abstentions/Broker Non-Votes | ||
$ 372,473,300.87 | $ 2,478,279.92 | $ 6,810,908.30 / $ 225,606,256.30 |
Transamerica Funds | Semi-Annual Report 2013 |
Page 225
Transamerica Funds
TRANSAMERICA INTERNATIONAL BOND
RESULTS OF SHAREHOLDER PROXY
(unaudited)
Rule 30e-1 under the Investment Company Act of 1940, as amended, titled “Reports to Stockholders of Management Companies,” requires registered management companies to report on all subject matters put to the vote of shareholders and provide final results. Accordingly, the Board of Trustees of the Funds solicited a vote by the shareholders for the following items:
At a special meeting of shareholders held on November 16, 2012, the results of Proposal I were as follows:
Proposal I: To elect Board Members:
Proposed Trustee | For | Against | Withheld | |||
Thomas A. Swank | $ 24,297,756,976.14 | $ — | $ 233,375,784.56 | |||
Sandra N. Bane | $ 24,301,005,287.26 | $ — | $ 230,127,473.44 | |||
Leo J. Hill | $ 24,303,864,648.88 | $ — | $ 227,268,111.82 | |||
David W. Jennings | $ 24,305,514,957.51 | $ — | $ 225,617,803.19 | |||
Russell A. Kimball, Jr. | $ 24,302,578,520.25 | $ — | $ 228,554,240.45 | |||
Eugene M. Mannella | $ 24,302,290,685.74 | $ — | $ 228,842,074.96 | |||
Norman R. Nielsen | $ 24,301,874,299.84 | $ — | $ 229,258,460.86 | |||
Joyce G. Norden | $ 24,296,730,545.02 | $ — | $ 234,402,215.68 | |||
Patricia L. Sawyer | $ 24,303,832,760.74 | $ — | $ 227,299,999.96 | |||
John W. Waechter | $ 24,303,568,956.41 | $ — | $ 227,563,804.29 | |||
Alan F. Warrick | $ 24,298,534,836.00 | $ — | $ 232,597,924.70 |
At a special meeting of shareholders held on November 16, 2012, the results of Proposal II were as follows:
Proposal II: To approve a new investment advisory agreement with Transamerica Asset Management, Inc.
For | Against | Abstentions/Broker Non-Votes | ||
$ 169,855,105.34 | $ — | $ — / $ 15,324.54 |
At a special meeting of shareholders held on November 16, 2012, the results of Proposal III were as follows:
Proposal III: To approve changes to the fundamental investment policies
Proposal III.A — Underwriting
For | Against | Abstentions/Broker Non-Votes | ||
$ 169,855,105.34 | $ — | $ — / $ 15,324.54 |
Proposal III.B — Real Estate
For | Against | Abstentions/Broker Non-Votes | ||
$ 169,855,105.34 | $ — | $ — / $ 15,324.54 |
Transamerica Funds | Semi-Annual Report 2013 |
Page 226
Transamerica Funds
Proposal III.C — Concentration
For | Against | Abstentions/Broker Non-Votes | ||
$ 169,855,105.34 | $ — | $ — / $ 15,324.54 |
Proposal III.D — Diversification
For | Against | Abstentions/Broker Non-Votes | ||
$ 169,855,105.34 | $ — | $ — / $ 15,324.54 |
Transamerica Funds | Semi-Annual Report 2013 |
Page 227
Transamerica Funds
TRANSAMERICA INTERNATIONAL EQUITY
RESULTS OF SHAREHOLDER PROXY
(unaudited)
Rule 30e-1 under the Investment Company Act of 1940, as amended, titled “Reports to Stockholders of Management Companies,” requires registered management companies to report on all subject matters put to the vote of shareholders and provide final results. Accordingly, the Board of Trustees of the Funds solicited a vote by the shareholders for the following items:
At a special meeting of shareholders held on November 16, 2012, the results of Proposal I were as follows:
Proposal I: To elect Board Members:
Proposed Trustee | For | Against | Withheld | |||
Thomas A. Swank | $ 24,297,756,976.14 | $ — | $ 233,375,784.56 | |||
Sandra N. Bane | $ 24,301,005,287.26 | $ — | $ 230,127,473.44 | |||
Leo J. Hill | $ 24,303,864,648.88 | $ — | $ 227,268,111.82 | |||
David W. Jennings | $ 24,305,514,957.51 | $ — | $ 225,617,803.19 | |||
Russell A. Kimball, Jr. | $ 24,302,578,520.25 | $ — | $ 228,554,240.45 | |||
Eugene M. Mannella | $ 24,302,290,685.74 | $ — | $ 228,842,074.96 | |||
Norman R. Nielsen | $ 24,301,874,299.84 | $ — | $ 229,258,460.86 | |||
Joyce G. Norden | $ 24,296,730,545.02 | $ — | $ 234,402,215.68 | |||
Patricia L. Sawyer | $ 24,303,832,760.74 | $ — | $ 227,299,999.96 | |||
John W. Waechter | $ 24,303,568,956.41 | $ — | $ 227,563,804.29 | |||
Alan F. Warrick | $ 24,298,534,836.00 | $ — | $ 232,597,924.70 |
At a special meeting of shareholders held on November 16, 2012, the results of Proposal II were as follows:
Proposal II: To approve a new investment advisory agreement with Transamerica Asset Management, Inc.
For | Against | Abstentions/Broker Non-Votes | ||
$ 167,905,841.35 | $ — | $ 27,069.85 / $ 9,417,912.67 |
At a special meeting of shareholders held on November 16, 2012, the results of Proposal III were as follows:
Proposal III: To approve changes to the fundamental investment policies
Proposal III.A — Underwriting
For | Against | Abstentions/Broker Non-Votes | ||
$ 167,905,841.35 | $ — | $ 27,069.85 / $ 9,417,912.67 |
Proposal III.B — Real Estate
For | Against | Abstentions/Broker Non-Votes | ||
$ 167,905,841.35 | $ — | $ 27,069.85 / $ 9,417,912.67 |
Transamerica Funds | Semi-Annual Report 2013 |
Page 228
Transamerica Funds
Proposal III.C — Concentration
For | Against | Abstentions/Broker Non-Votes | ||
$ 167,905,841.35 | $ — | $ 27,069.85 / $ 9,417,912.67 |
Proposal III.D — Diversification
For | Against | Abstentions/Broker Non-Votes | ||
$ 167,905,841.35 | $ — | $ 27,069.85 / $ 9,417,912.67 |
Transamerica Funds | Semi-Annual Report 2013 |
Page 229
Transamerica Funds
TRANSAMERICA LARGE CAP GROWTH
RESULTS OF SHAREHOLDER PROXY
(unaudited)
Rule 30e-1 under the Investment Company Act of 1940, as amended, titled “Reports to Stockholders of Management Companies,” requires registered management companies to report on all subject matters put to the vote of shareholders and provide final results. Accordingly, the Board of Trustees of the Funds solicited a vote by the shareholders for the following items:
At a special meeting of shareholders held on November 16, 2012, the results of Proposal I were as follows:
Proposal I: To elect Board Members:
Proposed Trustee | For | Against | Withheld | |||
Thomas A. Swank | $ 24,297,756,976.14 | $ — | $ 233,375,784.56 | |||
Sandra N. Bane | $ 24,301,005,287.26 | $ — | $ 230,127,473.44 | |||
Leo J. Hill | $ 24,303,864,648.88 | $ — | $ 227,268,111.82 | |||
David W. Jennings | $ 24,305,514,957.51 | $ — | $ 225,617,803.19 | |||
Russell A. Kimball, Jr. | $ 24,302,578,520.25 | $ — | $ 228,554,240.45 | |||
Eugene M. Mannella | $ 24,302,290,685.74 | $ — | $ 228,842,074.96 | |||
Norman R. Nielsen | $ 24,301,874,299.84 | $ — | $ 229,258,460.86 | |||
Joyce G. Norden | $ 24,296,730,545.02 | $ — | $ 234,402,215.68 | |||
Patricia L. Sawyer | $ 24,303,832,760.74 | $ — | $ 227,299,999.96 | |||
John W. Waechter | $ 24,303,568,956.41 | $ — | $ 227,563,804.29 | |||
Alan F. Warrick | $ 24,298,534,836.00 | $ — | $ 232,597,924.70 |
At a special meeting of shareholders held on November 16, 2012, the results of Proposal II were as follows:
Proposal II: To approve a new investment advisory agreement with Transamerica Asset Management, Inc.
For | Against | Abstentions/Broker Non-Votes | ||
$ 133,023,503.67 | $ — | $ — / $ 56,350.84 |
At a special meeting of shareholders held on November 16, 2012, the results of Proposal III were as follows:
Proposal III: To approve changes to the fundamental investment policies
Proposal III.A — Underwriting
For | Against | Abstentions/Broker Non-Votes | ||
$ 133,023,503.67 | $ — | $ — / $ 56,350.84 |
Proposal III.B — Real Estate
For | Against | Abstentions/Broker Non-Votes | ||
$ 133,023,503.67 | $ — | $ — / $ 56,350.84 |
Transamerica Funds | Semi-Annual Report 2013 |
Page 230
Transamerica Funds
Proposal III.C — Concentration
For | Against | Abstentions/Broker Non-Votes | ||
$ 133,023,503.67 | $ — | $ — / $ 56,350.84 |
Proposal III.D — Diversification
For | Against | Abstentions/Broker Non-Votes | ||
$ 133,023,503.67 | $ — | $ — / $ 56,350.84 |
Transamerica Funds | Semi-Annual Report 2013 |
Page 231
Transamerica Funds
TRANSAMERICA LARGE CAP VALUE
RESULTS OF SHAREHOLDER PROXY (unaudited)
Rule 30e-1 under the Investment Company Act of 1940, as amended, titled “Reports to Stockholders of Management Companies,” requires registered management companies to report on all subject matters put to the vote of shareholders and provide final results. Accordingly, the Board of Trustees of the Funds solicited a vote by the shareholders for the following items:
At a special meeting of shareholders held on November 16, 2012, the results of Proposal I were as follows:
Proposal I: To elect Board Members:
Proposed Trustee | For | Against | Withheld | |||
Thomas A. Swank | $ 24,297,756,976.14 | $ — | $ 233,375,784.56 | |||
Sandra N. Bane | $ 24,301,005,287.26 | $ — | $ 230,127,473.44 | |||
Leo J. Hill | $ 24,303,864,648.88 | $ — | $ 227,268,111.82 | |||
David W. Jennings | $ 24,305,514,957.51 | $ — | $ 225,617,803.19 | |||
Russell A. Kimball, Jr. | $ 24,302,578,520.25 | $ — | $ 228,554,240.45 | |||
Eugene M. Mannella | $ 24,302,290,685.74 | $ — | $ 228,842,074.96 | |||
Norman R. Nielsen | $ 24,301,874,299.84 | $ — | $ 229,258,460.86 | |||
Joyce G. Norden | $ 24,296,730,545.02 | $ — | $ 234,402,215.68 | |||
Patricia L. Sawyer | $ 24,303,832,760.74 | $ — | $ 227,299,999.96 | |||
John W. Waechter | $ 24,303,568,956.41 | $ — | $ 227,563,804.29 | |||
Alan F. Warrick | $ 24,298,534,836.00 | $ — | $ 232,597,924.70 |
At a special meeting of shareholders held on November 16, 2012, the results of Proposal II were as follows:
Proposal II: To approve a new investment advisory agreement with Transamerica Asset Management, Inc.
For | Against | Abstentions/Broker Non-Votes | ||
$ 1,227,508,407.73 | $ — | $ 60,923.60 / $ 4,099,370.46 |
At a special meeting of shareholders held on November 16, 2012, the results of Proposal III were as follows:
Proposal III: To approve changes to the fundamental investment policies
Proposal III.A — Underwriting
For | Against | Abstentions/Broker Non-Votes | ||
$ 1,227,508,407.73 | $ — | $ 60,923.60 / $ 4,099,370.46 |
Proposal III.B — Real Estate
For | Against | Abstentions/Broker Non-Votes | ||
$ 1,227,508,407.73 | $ — | $ 60,923.60 / $ 4,099,370.46 |
Transamerica Funds | Semi-Annual Report 2013 |
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Transamerica Funds
Proposal III.C — Concentration
For | Against | Abstentions/Broker Non-Votes | ||
$ 1,227,508,407.73 | $ — | $ 60,923.60 / $ 4,099,370.46 |
Proposal III.D — Diversification
For | Against | Abstentions/Broker Non-Votes | ||
$ 1,227,508,407.73 | $ — | $ 60,923.60 / $ 4,099,370.46 |
Transamerica Funds | Semi-Annual Report 2013 |
Page 233
Transamerica Funds
TRANSAMERICA MONEY MARKET
RESULTS OF SHAREHOLDER PROXY (unaudited)
Rule 30e-1 under the Investment Company Act of 1940, as amended, titled “Reports to Stockholders of Management Companies,” requires registered management companies to report on all subject matters put to the vote of shareholders and provide final results. Accordingly, the Board of Trustees of the Funds solicited a vote by the shareholders for the following items:
At a special meeting of shareholders held on November 16, 2012, the results of Proposal I were as follows:
Proposal I: To elect Board Members:
Proposed Trustee | For | Against | Withheld | |||
Thomas A. Swank | $ 24,297,756,976.14 | $ — | $ 233,375,784.56 | |||
Sandra N. Bane | $ 24,301,005,287.26 | $ — | $ 230,127,473.44 | |||
Leo J. Hill | $ 24,303,864,648.88 | $ — | $ 227,268,111.82 | |||
David W. Jennings | $ 24,305,514,957.51 | $ — | $ 225,617,803.19 | |||
Russell A. Kimball, Jr. | $ 24,302,578,520.25 | $ — | $ 228,554,240.45 | |||
Eugene M. Mannella | $ 24,302,290,685.74 | $ — | $ 228,842,074.96 | |||
Norman R. Nielsen | $ 24,301,874,299.84 | $ — | $ 229,258,460.86 | |||
Joyce G. Norden | $ 24,296,730,545.02 | $ — | $ 234,402,215.68 | |||
Patricia L. Sawyer | $ 24,303,832,760.74 | $ — | $ 227,299,999.96 | |||
John W. Waechter | $ 24,303,568,956.41 | $ — | $ 227,563,804.29 | |||
Alan F. Warrick | $ 24,298,534,836.00 | $ — | $ 232,597,924.70 |
At a special meeting of shareholders held on November 16, 2012, the results of Proposal II were as follows:
Proposal II: To approve a new investment advisory agreement with Transamerica Asset Management, Inc.
For | Against | Abstentions/Broker Non-Votes | ||
$ 204,316,909.73 | $ 1,970,395.27 | $ 5,187,389.57 / $ 23,228,270.00 |
At a special meeting of shareholders held on November 16, 2012, the results of Proposal III were as follows:
Proposal III: To approve changes to the fundamental investment policies
Proposal III.A — Underwriting
For | Against | Abstentions/Broker Non-Votes | ||
$ 203,083,662.68 | $ 1,964,925.00 | $ 6,426,106.89 / $ 23,228,270.00 |
Proposal III.B — Real Estate
For | Against | Abstentions/Broker Non-Votes | ||
$ 203,454,492.80 | $ 1,361,229.61 | $ 6,658,972.16 / $ 23,228,270.00 |
Transamerica Funds | Semi-Annual Report 2013 |
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Transamerica Funds
Proposal III.C — Concentration
For | Against | Abstentions/Broker Non-Votes | ||
$ 201,757,767.45 | $ 2,027,112.31 | $ 7,689,814.81 / $ 23,228,270.00 |
Proposal III.D — Diversification
For | Against | Abstentions/Broker Non-Votes | ||
$ 203,518,881.50 | $ 1,268,218.57 | $ 6,687,594.50 / $ 23,228,270.00 |
Transamerica Funds | Semi-Annual Report 2013 |
Page 235
Transamerica Funds
TRANSAMERICA MULTI-MANAGED BALANCED
RESULTS OF SHAREHOLDER PROXY
(unaudited)
Rule 30e-1 under the Investment Company Act of 1940, as amended, titled “Reports to Stockholders of Management Companies,” requires registered management companies to report on all subject matters put to the vote of shareholders and provide final results. Accordingly, the Board of Trustees of the Funds solicited a vote by the shareholders for the following items:
At a special meeting of shareholders held on November 16, 2012, the results of Proposal I were as follows:
Proposal I: To elect Board Members:
Proposed Trustee | For | Against | Withheld | |||
Thomas A. Swank | $ 24,297,756,976.14 | $ — | $ 233,375,784.56 | |||
Sandra N. Bane | $ 24,301,005,287.26 | $ — | $ 230,127,473.44 | |||
Leo J. Hill | $ 24,303,864,648.88 | $ — | $ 227,268,111.82 | |||
David W. Jennings | $ 24,305,514,957.51 | $ — | $ 225,617,803.19 | |||
Russell A. Kimball, Jr. | $ 24,302,578,520.25 | $ — | $ 228,554,240.45 | |||
Eugene M. Mannella | $ 24,302,290,685.74 | $ — | $ 228,842,074.96 | |||
Norman R. Nielsen | $ 24,301,874,299.84 | $ — | $ 229,258,460.86 | |||
Joyce G. Norden | $ 24,296,730,545.02 | $ — | $ 234,402,215.68 | |||
Patricia L. Sawyer | $ 24,303,832,760.74 | $ — | $ 227,299,999.96 | |||
John W. Waechter | $ 24,303,568,956.41 | $ — | $ 227,563,804.29 | |||
Alan F. Warrick | $ 24,298,534,836.00 | $ — | $ 232,597,924.70 |
At a special meeting of shareholders held on December 21, 2012, the results of Proposal II were as follows:
Proposal II: To approve a new investment advisory agreement with Transamerica Asset Management, Inc.
For | Against | Abstentions/Broker Non-Votes | ||
$ 147,716,215.05 | $ 6,584,379.55 | $ 9,649,173.97 / $ 51,964,866.56 |
At a special meeting of shareholders held on December 21, 2012, the results of Proposal III were as follows:
Proposal III: To approve changes to the fundamental investment policies
Proposal III.A — Underwriting
For | Against | Abstentions/Broker Non-Votes | ||
$ 145,810,640.60 | $ 8,161,129.78 | $ 9,977,998.19 / $ 51,964,866.56 |
Proposal III.B — Real Estate
For | Against | Abstentions/Broker Non-Votes | ||
$ 145,643,309.24 | $ 8,245,904.49 | $ 10,060,554.84 / $ 51,964,866.56 |
Transamerica Funds | Semi-Annual Report 2013 |
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Transamerica Funds
Proposal III.C — Concentration
For | Against | Abstentions/Broker Non-Votes | ||
$ 145,449,833.42 | $ 8,223,644.51 | $ 10,276,290.65 / $ 51,964,866.56 |
Proposal III.D — Diversification
For | Against | Abstentions/Broker Non-Votes | ||
$ 147,660,384.92 | $ 6,013,158.00 | $ 10,276,225.65 / $ 51,964,866.56 |
Transamerica Funds | Semi-Annual Report 2013 |
Page 237
Transamerica Funds
TRANSAMERICA SHORT-TERM BOND
RESULTS OF SHAREHOLDER PROXY
(unaudited)
Rule 30e-1 under the Investment Company Act of 1940, as amended, titled “Reports to Stockholders of Management Companies,” requires registered management companies to report on all subject matters put to the vote of shareholders and provide final results. Accordingly, the Board of Trustees of the Funds solicited a vote by the shareholders for the following items:
At a special meeting of shareholders held on November 16, 2012, the results of Proposal I were as follows:
Proposal I: To elect Board Members:
Proposed Trustee | For | Against | Withheld | |||
Thomas A. Swank | $ 24,297,756,976.14 | $ — | $ 233,375,784.56 | |||
Sandra N. Bane | $ 24,301,005,287.26 | $ — | $ 230,127,473.44 | |||
Leo J. Hill | $ 24,303,864,648.88 | $ — | $ 227,268,111.82 | |||
David W. Jennings | $ 24,305,514,957.51 | $ — | $ 225,617,803.19 | |||
Russell A. Kimball, Jr. | $ 24,302,578,520.25 | $ — | $ 228,554,240.45 | |||
Eugene M. Mannella | $ 24,302,290,685.74 | $ — | $ 228,842,074.96 | |||
Norman R. Nielsen | $ 24,301,874,299.84 | $ — | $ 229,258,460.86 | |||
Joyce G. Norden | $ 24,296,730,545.02 | $ — | $ 234,402,215.68 | |||
Patricia L. Sawyer | $ 24,303,832,760.74 | $ — | $ 227,299,999.96 | |||
John W. Waechter | $ 24,303,568,956.41 | $ — | $ 227,563,804.29 | |||
Alan F. Warrick | $ 24,298,534,836.00 | $ — | $ 232,597,924.70 |
At a special meeting of shareholders held on November 16, 2012, the results of Proposal II were as follows:
Proposal II: To approve a new investment advisory agreement with Transamerica Asset Management, Inc.
For | Against | Abstentions/Broker Non-Votes | ||
$ 1,640,845,640.03 | $ 8,714,889.55 | $ 21,815,840.99 / $ 1,208,035,058.87 |
At a special meeting of shareholders held on November 16, 2012, the results of Proposal III were as follows:
Proposal III: To approve changes to the fundamental investment policies
Proposal III.A — Underwriting
For | Against | Abstentions/Broker Non-Votes | ||
$ 1,638,785,616.80 | $ 10,002,518.21 | $ 22,588,173.70 / $ 1,208,035,120.73 |
Proposal III.B — Real Estate
For | Against | Abstentions/Broker Non-Votes | ||
$ 1,639,138,991.20 | $ 11,289,032.73 | $ 20,948,305.27 / $ 1,208,035,100.25 |
Transamerica Funds | Semi-Annual Report 2013 |
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Transamerica Funds
Proposal III.C — Concentration
For | Against | Abstentions/Broker Non-Votes | ||
$ 1,637,558,509.42 | $ 10,152,190.42 | $ 23,665,618.63 / $ 1,208,035,110.98 |
Proposal III.D — Diversification
For | Against | Abstentions/Broker Non-Votes | ||
$ 1,641,360,497.52 | $ 9,853,118.46 | $ 20,162,723.45 / $ 1,208,035,090.02 |
Transamerica Funds | Semi-Annual Report 2013 |
Page 239
Transamerica Funds
TRANSAMERICA SMALL CAP VALUE
RESULTS OF SHAREHOLDER PROXY
(unaudited)
Rule 30e-1 under the Investment Company Act of 1940, as amended, titled “Reports to Stockholders of Management Companies,” requires registered management companies to report on all subject matters put to the vote of shareholders and provide final results. Accordingly, the Board of Trustees of the Funds solicited a vote by the shareholders for the following items:
At a special meeting of shareholders held on November 16, 2012, the results of Proposal I were as follows:
Proposal I: To elect Board Members:
Proposed Trustee | For | Against | Withheld | |||
Thomas A. Swank | $ 24,297,756,976.14 | $ — | $ 233,375,784.56 | |||
Sandra N. Bane | $ 24,301,005,287.26 | $ — | $ 230,127,473.44 | |||
Leo J. Hill | $ 24,303,864,648.88 | $ — | $ 227,268,111.82 | |||
David W. Jennings | $ 24,305,514,957.51 | $ — | $ 225,617,803.19 | |||
Russell A. Kimball, Jr. | $ 24,302,578,520.25 | $ — | $ 228,554,240.45 | |||
Eugene M. Mannella | $ 24,302,290,685.74 | $ — | $ 228,842,074.96 | |||
Norman R. Nielsen | $ 24,301,874,299.84 | $ — | $ 229,258,460.86 | |||
Joyce G. Norden | $ 24,296,730,545.02 | $ — | $ 234,402,215.68 | |||
Patricia L. Sawyer | $ 24,303,832,760.74 | $ — | $ 227,299,999.96 | |||
John W. Waechter | $ 24,303,568,956.41 | $ — | $ 227,563,804.29 | |||
Alan F. Warrick | $ 24,298,534,836.00 | $ — | $ 232,597,924.70 |
At a special meeting of shareholders held on November 16, 2012, the results of Proposal II were as follows:
Proposal II: To approve a new investment advisory agreement with Transamerica Asset Management, Inc.
For | Against | Abstentions/Broker Non-Votes | ||
$ 237,547,799.01 | $ — | $ — / $ 114,233.70 |
At a special meeting of shareholders held on November 16, 2012, the results of Proposal III were as follows:
Proposal III: To approve changes to the fundamental investment policies
Proposal III.A — Underwriting
For | Against | Abstentions/Broker Non-Votes | ||
$ 237,547,799.01 | $ — | $ — / $ 114,233.70 |
Proposal III.B — Real Estate
For | Against | Abstentions/Broker Non-Votes | ||
$ 237,547,799.01 | $ — | $ — / $ 114,233.70 |
Transamerica Funds | Semi-Annual Report 2013 |
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Transamerica Funds
Proposal III.C — Concentration
For | Against | Abstentions/Broker Non-Votes | ||
$ 237,547,799.01 | $ — | $ — / $ 114,233.70 |
Proposal III.D — Diversification
For | Against | Abstentions/Broker Non-Votes | ||
$ 237,547,799.01 | $ — | $ — / $ 114,233.70 |
Transamerica Funds | Semi-Annual Report 2013 |
Page 241
Transamerica Funds
TRANSAMERICA SMALL/MID CAP VALUE
RESULTS OF SHAREHOLDER PROXY (unaudited)
Rule 30e-1 under the Investment Company Act of 1940, as amended, titled “Reports to Stockholders of Management Companies,” requires registered management companies to report on all subject matters put to the vote of shareholders and provide final results. Accordingly, the Board of Trustees of the Funds solicited a vote by the shareholders for the following items:
At a special meeting of shareholders held on November 16, 2012, the results of Proposal I were as follows:
Proposal I: To elect Board Members:
Proposed Trustee | For | Against | Withheld | |||
Thomas A. Swank | $ 24,297,756,976.14 | $ — | $ 233,375,784.56 | |||
Sandra N. Bane | $ 24,301,005,287.26 | $ — | $ 230,127,473.44 | |||
Leo J. Hill | $ 24,303,864,648.88 | $ — | $ 227,268,111.82 | |||
David W. Jennings | $ 24,305,514,957.51 | $ — | $ 225,617,803.19 | |||
Russell A. Kimball, Jr. | $ 24,302,578,520.25 | $ — | $ 228,554,240.45 | |||
Eugene M. Mannella | $ 24,302,290,685.74 | $ — | $ 228,842,074.96 | |||
Norman R. Nielsen | $ 24,301,874,299.84 | $ — | $ 229,258,460.86 | |||
Joyce G. Norden | $ 24,296,730,545.02 | $ — | $ 234,402,215.68 | |||
Patricia L. Sawyer | $ 24,303,832,760.74 | $ — | $ 227,299,999.96 | |||
John W. Waechter | $ 24,303,568,956.41 | $ — | $ 227,563,804.29 | |||
Alan F. Warrick | $ 24,298,534,836.00 | $ — | $ 232,597,924.70 |
At a special meeting of shareholders held on December 21, 2012, the results of Proposal II were as follows:
Proposal II: To approve a new investment advisory agreement with Transamerica Asset
Management, Inc.
For | Against | Abstentions/Broker Non-Votes | ||
$ 248,460,669.87 | $ 7,358,495.52 | $ 14,150,817.29 / $ 93,618,052.55 |
At a special meeting of shareholders on December 21, 2012, the results of Proposal III were as follows:
Proposal III: To approve changes to the fundamental investment policies
Proposal III.B — Real Estate
For | Against | Abstentions/Broker Non-Votes | ||
$ 244,361,524.32 | $ 7,473,316.34 | $ 18,135,142.02 / $ 93,618,052.55 |
Proposal III.D — Diversification
For | Against | Abstentions/Broker Non-Votes | ||
$ 245,767,811.14 | $ 6,619,665.44 | $ 17,582,506.10 / $ 93,618,052.55 |
Transamerica Funds | Semi-Annual Report 2013 |
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Transamerica Funds
At a special meeting of shareholders held on January 18, 2013, the results of Proposal III were as follows:
Proposal III.A — Underwriting
For | Against | Abstentions/Broker Non-Votes | ||
$ 246,482,103.55 | $ 7,530,488.57 | $ 18,295,874.04 / $ 93,083,037.34 |
Proposal III.C — Concentration
For | Against | Abstentions/Broker Non-Votes | ||
$ 245,899,499.20 | $ 7,638,056.77 | $ 18,770,910.19 / $ 93,083,037.34 |
Transamerica Funds | Semi-Annual Report 2013 |
Page 243
Transamerica Funds
TRANSAMERICA TACTICAL INCOME
RESULTS OF SHAREHOLDER PROXY
(unaudited)
Rule 30e-1 under the Investment Company Act of 1940, as amended, titled “Reports to Stockholders of Management Companies,” requires registered management companies to report on all subject matters put to the vote of shareholders and provide final results. Accordingly, the Board of Trustees of the Funds solicited a vote by the shareholders for the following items:
At a special meeting of shareholders held on November 16, 2012, the results of Proposal I were as follows:
Proposal I: To elect Board Members:
Proposed Trustee | For | Against | Withheld | |||
Thomas A. Swank | $ 24,297,756,976.14 | $ — | $ 233,375,784.56 | |||
Sandra N. Bane | $ 24,301,005,287.26 | $ — | $ 230,127,473.44 | |||
Leo J. Hill | $ 24,303,864,648.88 | $ — | $ 227,268,111.82 | |||
David W. Jennings | $ 24,305,514,957.51 | $ — | $ 225,617,803.19 | |||
Russell A. Kimball, Jr. | $ 24,302,578,520.25 | $ — | $ 228,554,240.45 | |||
Eugene M. Mannella | $ 24,302,290,685.74 | $ — | $ 228,842,074.96 | |||
Norman R. Nielsen | $ 24,301,874,299.84 | $ — | $ 229,258,460.86 | |||
Joyce G. Norden | $ 24,296,730,545.02 | $ — | $ 234,402,215.68 | |||
Patricia L. Sawyer | $ 24,303,832,760.74 | $ — | $ 227,299,999.96 | |||
John W. Waechter | $ 24,303,568,956.41 | $ — | $ 227,563,804.29 | |||
Alan F. Warrick | $ 24,298,534,836.00 | $ — | $ 232,597,924.70 |
At a special meeting of shareholders held on December 21, 2012, the results of Proposal II were as follows:
Proposal II: To approve a new investment advisory agreement with Transamerica Asset Management, Inc.
For | Against | Abstentions/Broker Non-Votes | ||
$ 192,312,474.00 | $ 3,474,727.38 | $ 10,458,833.98 / $ 74,953,811.12 |
At a special meeting of shareholders held on December 21, 2012, the results of Proposal III were as follows:
Proposal III: To approve changes to the fundamental investment policies
Proposal III.A — Underwriting
For | Against | Abstentions/Broker Non-Votes | ||
$ 189,763,119.63 | $ 4,720,294.22 | $ 11,762,621.51 / $ 74,953,811.12 |
Proposal III.B — Real Estate
For | Against | Abstentions/Broker Non-Votes | ||
$ 190,703,551.90 | $ 5,187,519.12 | $ 10,354,964.34 / $ 74,953,811.12 |
Transamerica Funds | Semi-Annual Report 2013 |
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Transamerica Funds
Proposal III.C — Concentration
For | Against | Abstentions/Broker Non-Votes | ||
$ 190,653,183.82 | $ 4,726,475.88 | $ 10,866,375.65 / $ 74,953,811.12 |
Proposal III.D — Diversification
For | Against | Abstentions/Broker Non-Votes | ||
$ 192,422,438.99 | $ 3,634,513.98 | $ 10,189,082.39 / $ 74,953,811.12 |
Transamerica Funds | Semi-Annual Report 2013 |
Page 245
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 Fund 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 2013 |
Page 246
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 | Semi-Annual Report 2013 |
Page 247
P.O. Box 9012
Clearwater, FL 33758-9012
Customer Service 1-888-233-4339
P.O. Box 9012 • Clearwater, FL 33758-9012
Distributor: Transamerica Capital, Inc.
I2 Funds
Semi-Annual Report
April 30, 2013
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. In November of 2012, financial markets were focused on the U.S. presidential elections and the impending U.S. fiscal cliff. Despite the Federal Reserve announcing targeted quantitative easing in December 2012, investor concern over the fiscal cliff held the U.S. markets down through the end of the year. During this time improving conditions in Europe and China drove international equities higher. On January 2, 2013 the U.S. Congress successfully resolved the fiscal cliff and as a result U.S. markets moved up strongly over the next three months. In February and March, slowing growth in China caused emerging markets to decline. At the same time, economic weakness in Europe reasserted itself pushing those markets down as well. The period ended in April with Japan announcing a massive new monetary easing program and at the same time, global exports improved, helping to boost both U.S. and international markets.
For the six month period ended April 30, 2013, the Standard & Poor’s 500® Index gained 13.13%, the Morgan Stanley Capital International - Europe, Australasia, Far East Index (“MSCI-EAFE”) gained 17.18% and the Barclays U.S. Aggregate Bond Index gained 0.90%. 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
President & Chief Executive Officer
Transamerica Funds
Christopher A. Staples
Vice President & CIO-Advisory Services
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 example is 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 example are based on an investment of $1,000 invested at November 1, 2012 and held for the entire period until April 30, 2013.
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 fund’s actual return. 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, 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 covered by 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 | Beginning Account Value | Ending Account Value | Expenses Paid During Period(B) | Ending Account Value | Expenses Paid During Period(B) | Annualized Expense Ratio | ||||||||||||||||||
Transamerica Arbitrage Strategy | $ | 1,000.00 | $ | 1,020.50 | $ | 7.97 | $ | 1,016.91 | $ | 7.95 | 1.59 | %(c) | ||||||||||||
Transamerica Bond | 1,000.00 | 1,069.50 | 3.59 | 1,021.32 | 3.51 | 0.70 | ||||||||||||||||||
Transamerica Core Bond | 1,000.00 | 1,014.50 | 2.50 | 1,022.32 | 2.51 | 0.50 | ||||||||||||||||||
Transamerica Developing Markets Equity | 1,000.00 | 1,046.00 | 7.00 | 1,017.95 | 6.90 | 1.38 | ||||||||||||||||||
Transamerica Global Real Estate Securities | 1,000.00 | 1,179.50 | 5.19 | 1,020.03 | 4.81 | 0.96 | ||||||||||||||||||
Transamerica Growth | 1,000.00 | 1,126.40 | 4.48 | 1,020.58 | 4.26 | 0.85 | ||||||||||||||||||
Transamerica International | 1,000.00 | 1,114.00 | 5.61 | 1,019.49 | 5.36 | 1.07 | ||||||||||||||||||
Transamerica International Equity Opportunities | 1,000.00 | 1,132.80 | 5.55 | 1,019.59 | 5.26 | 1.05 | ||||||||||||||||||
Transamerica International Small Cap | 1,000.00 | 1,135.80 | 6.35 | 1,018.84 | 6.01 | 1.20 | ||||||||||||||||||
Transamerica International Value Opportunities | 1,000.00 | 1,104.90 | 6.26 | 1,018.84 | 6.01 | 1.20 | ||||||||||||||||||
Transamerica Long/Short Strategy | 1,000.00 | 1,050.20 | 18.96 | 1,006.30 | 18.55 | 3.73 | (D) | |||||||||||||||||
Transamerica Mid Cap Value | 1,000.00 | 1,156.60 | 4.76 | 1,020.38 | 4.46 | 0.89 | ||||||||||||||||||
Transamerica Real Return TIPS | 1,000.00 | 1,012.00 | 3.89 | 1,020.93 | 3.91 | 0.78 | ||||||||||||||||||
Transamerica Select Equity | 1,000.00 | 1,157.80 | 4.12 | 1,020.98 | 3.86 | 0.77 | ||||||||||||||||||
Transamerica Total Return | 1,000.00 | 1,019.00 | 3.75 | 1,021.08 | 3.76 | 0.75 | ||||||||||||||||||
Transamerica Value | 1,000.00 | 1,153.10 | 4.64 | 1,020.48 | 4.36 | 0.87 |
(A) | 5% return per year before expenses. |
(B) | Expenses are calculated using the funds’ annualized expense ratios (as disclosed in the table), multiplied by the average account value for the period, multiplied by the number of days in the period (181 days), and divided by the number of days in the year (365 days). |
(C) | Includes dividends and interest on securities sold short (representing 0.34% of average net assets). |
(D) | Includes dividends and interest on securities sold short (representing 2.29% of average net assets). |
Transamerica Funds | Semi-Annual Report 2013 |
Page 1
Schedules of Investments Composition
At April 30, 2013
(The following charts summarize the Schedule of Investments of each fund by asset type)
(unaudited)
Transamerica Arbitrage Strategy | % of Net Assets | |||
Common Stocks | 87.7 | % | ||
Repurchase Agreement | 12.3 | |||
Purchased Options | 0.2 | |||
Other Assets and Liabilities - Net(A) | (0.2 | ) | ||
Total | 100.0 | % | ||
|
| |||
Transamerica Bond | % of Net Assets | |||
Corporate Debt Securities | 51.9 | % | ||
Foreign Government Obligations | 15.0 | |||
Securities Lending Collateral | 11.8 | |||
Convertible Bonds | 6.9 | |||
Mortgage-Backed Securities | 6.6 | |||
U.S. Government Agency Obligations | 5.2 | |||
U.S. Government Obligations | 4.7 | |||
Repurchase Agreement | 3.5 | |||
Convertible Preferred Stocks | 2.8 | |||
Preferred Stocks | 1.5 | |||
Common Stocks | 1.1 | |||
Asset-Backed Securities | 0.4 | |||
Preferred Corporate Debt Security | 0.1 | |||
Other Assets and Liabilities - Net | (11.5 | ) | ||
Total | 100.0 | % | ||
|
| |||
Transamerica Core Bond | % of Net Assets | |||
U.S. Government Agency Obligations | 43.9 | % | ||
Corporate Debt Securities | 18.4 | |||
Mortgage-Backed Securities | 13.6 | |||
U.S. Government Obligations | 12.2 | |||
Securities Lending Collateral | 6.0 | |||
Asset-Backed Securities | 2.9 | |||
Foreign Government Obligations | 2.9 | |||
Repurchase Agreement | 1.4 | |||
Municipal Government Obligations | 0.4 | |||
Convertible Bonds | 0.0 | (B) | ||
Other Assets and Liabilities - Net | (1.7 | ) | ||
Total | 100.0 | % | ||
|
| |||
Transamerica Developing Markets Equity | % of Net Assets | |||
Common Stocks | 94.3 | % | ||
Securities Lending Collateral | 7.8 | |||
Repurchase Agreement | 4.0 | |||
Preferred Stocks | 1.8 | |||
Other Assets and Liabilities - Net | (7.9 | ) | ||
Total | 100.0 | % | ||
|
| |||
Transamerica Global Real Estate Securities | % of Net Assets | |||
Common Stocks | 99.1 | % | ||
Securities Lending Collateral | 7.4 | |||
Repurchase Agreement | 1.0 | |||
Other Assets and Liabilities - Net | (7.5 | ) | ||
Total | 100.0 | % | ||
|
|
Transamerica Growth | % of Net Assets | |||
Common Stocks | 99.2 | % | ||
Securities Lending Collateral | 7.0 | |||
Repurchase Agreement | 0.9 | |||
Other Assets and Liabilities - Net | (7.1 | ) | ||
Total | 100.0 | % | ||
|
| |||
Transamerica International | % of Net Assets | |||
Common Stocks | 95.5 | % | ||
Securities Lending Collateral | 14.8 | |||
Repurchase Agreement | 4.0 | |||
Convertible Preferred Stock | 0.6 | |||
Other Assets and Liabilities - Net | (14.9 | ) | ||
Total | 100.0 | % | ||
|
| |||
Transamerica International Equity Opportunities | % of Net Assets | |||
Common Stocks | 98.1 | % | ||
Securities Lending Collateral | 10.6 | |||
Repurchase Agreement | 1.3 | |||
Other Assets and Liabilities - Net | (10.0 | ) | ||
Total | 100.0 | % | ||
|
| |||
Transamerica International Small Cap | % of Net Assets | |||
Common Stocks | 96.4 | % | ||
Securities Lending Collateral | 5.6 | |||
Repurchase Agreement | 2.9 | |||
Preferred Stocks | 0.4 | |||
Other Assets and Liabilities - Net(A) | (5.3 | ) | ||
Total | 100.0 | % | ||
|
| |||
Transamerica International Value Opportunities | % of Net Assets | |||
Common Stocks | 96.3 | % | ||
Securities Lending Collateral | 9.3 | |||
Repurchase Agreement | 2.9 | |||
Other Assets and Liabilities - Net(A) | (8.5 | ) | ||
Total | 100.0 | % | ||
|
| |||
Transamerica Long/Short Strategy | % of Net Assets | |||
Common Stocks | 102.8 | % | ||
Repurchase Agreement | 0.0 | (B) | ||
Other Assets and Liabilities - Net(A) | (2.8 | ) | ||
Total | 100.0 | % | ||
|
| |||
Transamerica Mid Cap Value | % of Net Assets | |||
Common Stocks | 96.7 | % | ||
Securities Lending Collateral | 8.1 | |||
Repurchase Agreement | 3.7 | |||
Other Assets and Liabilities - Net | (8.5 | ) | ||
Total | 100.0 | % | ||
|
|
Transamerica Funds | Semi-Annual Report 2013 |
Page 2
Schedules of Investments Composition (continued)
At April 30, 2013
(The following charts summarize the Schedule of Investments of each fund by asset type)
(unaudited)
Transamerica Real Return TIPS | % of Net Assets | |||
U.S. Government Obligations | 107.3 | % | ||
Corporate Debt Securities | 6.6 | |||
Foreign Government Obligations | 6.4 | |||
Securities Lending Collateral | 4.9 | |||
Mortgage-Backed Securities | 3.1 | |||
Asset-Backed Securities | 0.7 | |||
U.S. Government Agency Obligations | 0.5 | |||
Municipal Government Obligations | 0.1 | |||
Short-Term U.S. Government Obligation | 0.1 | |||
Repurchase Agreement | 0.1 | |||
Purchased Foreign Exchange Options | 0.0 | (B) | ||
Purchased Swaption | 0.0 | (B) | ||
Other Assets and Liabilities - Net(A) | (29.8 | ) | ||
Total | 100.0 | % | ||
|
| |||
Transamerica Select Equity | % of Net Assets | |||
Common Stocks | 96.7 | % | ||
Repurchase Agreement | 3.1 | |||
Securities Lending Collateral | 0.9 | |||
Other Assets and Liabilities - Net | (0.7 | ) | ||
Total | 100.0 | % | ||
|
| |||
Transamerica Total Return | % of Net Assets | |||
U.S. Government Obligations | 35.9 | % | ||
U.S. Government Agency Obligations | 28.4 | |||
Corporate Debt Securities | 16.5 | |||
Mortgage-Backed Securities | 9.0 | |||
Foreign Government Obligations | 9.0 | |||
Municipal Government Obligations | 6.8 | |||
Asset-Backed Securities | 4.9 | |||
Repurchase Agreements | 2.9 | |||
Commercial Paper | 2.5 | |||
Securities Lending Collateral | 1.3 | |||
Convertible Preferred Stock | 0.3 | |||
Loan Assignments | 0.3 | |||
Short-Term U.S. Government Obligations | 0.2 | |||
Preferred Stock | 0.1 | |||
Purchased Swaption | 0.1 | |||
Other Assets and Liabilities - Net(A) | (18.2 | ) | ||
Total | 100.0 | % | ||
|
| |||
Transamerica Value | % of Net Assets | |||
Common Stocks | 86.0 | % | ||
Repurchase Agreement | 12.0 | |||
Securities Lending Collateral | 2.8 | |||
Short-Term U.S. Government Obligation | 2.5 | |||
Other Assets and Liabilities - Net | (3.3 | ) | ||
Total | 100.0 | % | ||
|
|
(A) | The Other Assets and Liabilities - Net category may include, but is not limited to, Reverse Repurchase Agreements, Forward Foreign Currency Contracts, Futures Contracts, Swap Agreements, Written Options and Swaptions, Securities Sold Short, TBA Short Commitments, and Cash Collateral. |
(B) | Amount rounds to less than 0.1% |
Transamerica Funds | Semi-Annual Report 2013 |
Page 3
Transamerica Arbitrage Strategy
SCHEDULE OF INVESTMENTS
At April 30, 2013
(unaudited)
Shares | Value | |||||||
COMMON STOCKS - 87.7% | ||||||||
Capital Markets - 0.0% (A) | ||||||||
Stifel Financial Corp. (B) | 1 | $ 32 | ||||||
Chemicals - 0.3% | ||||||||
Ferro Corp. (B) | 48,297 | 340,011 | ||||||
Commercial Banks - 0.3% | ||||||||
FirstMerit Corp. | 1 | 17 | ||||||
Sterling Bancorp | 29,204 | 329,421 | ||||||
Commercial Services & Supplies - 0.9% | ||||||||
EnergySolutions, Inc. (B) | 227,690 | 940,360 | ||||||
Consumer Finance - 2.0% | ||||||||
Asset Acceptance Capital Corp. (B) | 7,886 | 51,022 | ||||||
Netspend Holdings, Inc. (B) | 125,154 | 1,997,458 | ||||||
Diversified Financial Services - 4.8% | ||||||||
NYSE Euronext (C) | 126,938 | 4,926,464 | ||||||
Electronic Equipment & Instruments - 1.8% | ||||||||
Power-One, Inc. (B) | 229,952 | 1,453,297 | ||||||
Softchoice Corp. | 20,178 | 400,776 | ||||||
Energy Equipment & Services - 4.0% | ||||||||
Lufkin Industries, Inc. | 45,691 | 4,034,058 | ||||||
Food Products - 10.0% | ||||||||
Copeinca ASA | 28,984 | 304,089 | ||||||
DE Master Blenders 1753 NV (B) | 240,830 | 3,818,621 | ||||||
GrainCorp, Ltd. - Class A | 78,822 | 1,047,584 | ||||||
HJ Heinz Co. (C) | 69,760 | 5,052,019 | ||||||
Health Care Equipment & Supplies - 1.6% | ||||||||
Conceptus, Inc. (B) | 37,913 | 1,175,682 | ||||||
Palomar Medical Technologies, Inc. (B) | 31,121 | 421,690 | ||||||
Health Care Providers & Services - 6.4% | ||||||||
Coventry Health Care, Inc. (C) | 131,532 | 6,517,411 | ||||||
Household Durables - 0.6% | ||||||||
American Greetings Corp. - Class A | 34,761 | 640,993 | ||||||
Insurance - 8.9% | ||||||||
Alterra Capital Holdings, Ltd. (C) | 191,087 | 6,219,882 | ||||||
Great-West Lifeco, Inc. (B) | 56,535 | 1,526,380 | ||||||
National Financial Partners Corp. (B) | 52,296 | 1,325,181 | ||||||
Life Sciences Tools & Services - 4.1% | ||||||||
Life Technologies Corp. (B) | 57,007 | 4,200,846 | ||||||
Machinery - 5.0% | ||||||||
Gardner Denver, Inc. | 67,794 | 5,090,651 | ||||||
Media - 10.9% | ||||||||
Astral Media, Inc. - Class A | 88,425 | 4,300,784 | ||||||
Fisher Communications, Inc. | 7,911 | 327,674 | ||||||
Liberty Global, Inc. - Series A (B) | 11,460 | 829,360 | ||||||
Virgin Media, Inc. (C) | 115,233 | 5,621,066 | ||||||
Metals & Mining - 2.2% | ||||||||
Aurizon Mines, Ltd. (B) | 309,229 | 1,325,991 | ||||||
Flinders Mines, Ltd. (B) | 3,058,100 | 152,176 | ||||||
Sundance Resources, Ltd. (B) | 4,464,001 | 485,922 | ||||||
Yancoal Australia, Ltd. - Class CVR (B) | 82,736 | 222,150 | ||||||
Oil, Gas & Consumable Fuels - 5.9% | ||||||||
McMoRan Exploration Co. (B) | 121,833 | 2,016,336 | ||||||
Plains Exploration & Production Co. (B) (C) | 80,406 | 3,634,351 | ||||||
Whitehaven Coal, Ltd. - Class B | 167,156 | 337,917 | ||||||
Paper & Forest Products - 1.0% | ||||||||
Buckeye Technologies, Inc. | 26,678 | 1,002,826 | ||||||
Real Estate Investment Trusts - 0.3% | ||||||||
MPG Office Trust, Inc. (B) | 106,954 | 333,697 |
Shares | Value | |||||||
Semiconductors & Semiconductor Equipment - 5.1% |
| |||||||
Cymer, Inc. (B) | 49,979 | $ 5,235,800 | ||||||
Specialty Retail - 3.4% | ||||||||
Hot Topic, Inc. | 110,503 | 1,541,517 | ||||||
OfficeMax, Inc. | 168,771 | 1,942,554 | ||||||
Textiles, Apparel & Luxury Goods - 0.8% | ||||||||
K-Swiss, Inc. - Class A (B) | 170,664 | 808,947 | ||||||
Thrifts & Mortgage Finance - 4.1% | ||||||||
Hudson City Bancorp, Inc. (C) | 501,271 | 4,165,562 | ||||||
Wireless Telecommunication Services - 3.3% |
| |||||||
Clearwire Corp. - Class A (B) | 264,629 | 889,153 | ||||||
MetroPCS Communications, Inc. (B) (C) | 113,500 | 1,343,840 | ||||||
Sprint Nextel Corp. (B) | 160,489 | 1,131,448 | ||||||
|
| |||||||
Total Common Stocks (cost $87,912,781) |
| 89,463,016 | ||||||
|
| |||||||
Contracts | Value | |||||||
PURCHASED OPTIONS - 0.2% | ||||||||
Call Options - 0.0% (A) | ||||||||
Cymer, Inc. | 3 | 1,635 | ||||||
Freeport-McMoRan Copper & Gold, Inc. | 23 | 92 | ||||||
Freeport-McMoRan Copper & Gold, Inc. | 41 | 164 | ||||||
Sprint Nextel Corp. | 405 | 15,390 | ||||||
Put Options - 0.2% | ||||||||
Cymer, Inc. | 126 | 2,520 | ||||||
Liberty Global, Inc. | 111 | 95,460 | ||||||
Liberty Global, Inc. | 35 | 44,275 | ||||||
MetroPCS Communications, Inc. | 1,798 | 3,596 | ||||||
SPDR S&P 500 ETF Trust | 30 | 1,440 | ||||||
SPDR S&P 500 ETF Trust | 54 | 3,348 | ||||||
SPDR S&P 500 ETF Trust | 48 | 3,744 | ||||||
SPDR S&P 500 ETF Trust | 51 | 5,151 | ||||||
Sprint Nextel Corp. | 68 | 3,196 | ||||||
|
| |||||||
Total Purchased Options (cost $512,999) |
| 180,011 | ||||||
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 4
Transamerica Arbitrage Strategy
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Principal | Value | |||||||
REPURCHASE AGREEMENT - 12.3% | ||||||||
State Street Bank & Trust Co. | $ 12,584,167 | $ 12,584,167 | ||||||
|
| |||||||
Total Repurchase Agreement (cost $12,584,167) |
| 12,584,167 | ||||||
|
| |||||||
Total Investment Securities (cost $101,009,947) (E) |
| 102,227,194 | ||||||
Other Assets and Liabilities - Net | (235,995 | ) | ||||||
|
| |||||||
Net Assets | $ 101,991,199 | |||||||
|
| |||||||
Shares | Value | |||||||
SECURITIES SOLD SHORT - (27.6%) | ||||||||
COMMON STOCKS - (26.3%) | ||||||||
Commercial Banks - (4.2%) | ||||||||
M&T Bank Corp. | (42,139 | ) | $ (4,222,328 | ) | ||||
Diversified Financial Services - (3.5%) | ||||||||
IntercontinentalExchange, Inc. (B) | (21,617 | ) | (3,522,058 | ) | ||||
Health Care Equipment & Supplies - (0.1%) |
| |||||||
Cynosure, Inc. - Class A (B) | (5,383 | ) | (139,204 | ) | ||||
Health Care Providers & Services - (2.9%) |
| |||||||
Aetna, Inc. | (51,062 | ) | (2,933,001 | ) | ||||
Insurance - (5.8%) | ||||||||
Great-West Lifeco, Inc. - Class Common Subscription Receipt | (56,535 | ) | (1,535,359 | ) | ||||
Markel Corp. (B) | (8,235 | ) | (4,416,019 | ) | ||||
Media - (3.5%) | ||||||||
DISH Network Corp. - Class A | (3,240 | ) | (126,976 | ) | ||||
Liberty Global, Inc. - Series A (B) | (33,477 | ) | (2,422,730 | ) | ||||
Liberty Global, Inc. - Series C (B) | (15,352 | ) | (1,038,563 | ) | ||||
Metals & Mining - (1.6%) | ||||||||
Freeport-McMoRan Copper & Gold, Inc. | (42,572 | ) | (1,295,466 | ) | ||||
Hecla Mining Co. | (106,559 | ) | (362,300 | ) | ||||
Semiconductors & Semiconductor Equipment - (3.5%) |
| |||||||
ASML Holding NV - Class G | (47,479 | ) | (3,531,013 | ) | ||||
Specialty Retail - (0.7%) | ||||||||
Office Depot, Inc. (B) | (186,531 | ) | (720,010 | ) | ||||
Thrifts & Mortgage Finance - (0.3%) | ||||||||
Provident New York Bancorp | (36,868 | ) | (333,287 | ) | ||||
Wireless Telecommunication Services - (0.2%) |
| |||||||
Sprint Nextel Corp. (B) | (25,700 | ) | (181,185 | ) | ||||
|
| |||||||
Total Common Stocks (proceeds $(24,590,943)) |
| (26,779,499 | ) | |||||
|
| |||||||
INVESTMENT COMPANY - (1.3%) | ||||||||
United States - (1.3%) | ||||||||
SPDR S&P 500 ETF Trust | (8,441 | ) | (1,347,859 | ) | ||||
|
| |||||||
Total Investment Company (cost $(1,299,914)) |
| (1,347,859 | ) | |||||
|
| |||||||
Total Securities Sold Short (proceeds $(25,890,857)) |
| $ (28,127,358 | ) | |||||
|
|
Contracts | Value | |||||||
WRITTEN OPTIONS - (0.2%) | ||||||||
Call Options - (0.2%) | ||||||||
Clearwire Corp. | 28 | $ (1,260 | ) | |||||
Clearwire Corp. | 107 | (1,070 | ) | |||||
Clearwire Corp. | 62 | (930 | ) | |||||
Clearwire Corp. | 16 | (160 | ) | |||||
Cymer, Inc. | 66 | (66,000 | ) | |||||
Cymer, Inc. | 24 | (13,080 | ) | |||||
Cymer, Inc. | 9 | (1,755 | ) | |||||
DISH Network Corp. | 20 | (2,000 | ) | |||||
Gardner Denver, Inc. | 91 | (1,365 | ) | |||||
HJ Heinz Co. | 173 | (865 | ) | |||||
HJ Heinz Co. | 280 | (1,400 | ) | |||||
Hot Topic, Inc. (F) | 5 | (90 | ) | |||||
Hot Topic, Inc. | 31 | (310 | ) | |||||
Lufkin Industries, Inc. | 49 | (490 | ) | |||||
Lufkin Industries, Inc. | 42 | (630 | ) | |||||
McMoRan Exploration Co. | 42 | (3,024 | ) | |||||
MetroPCS Communications, Inc. | 496 | (44,144 | ) | |||||
MetroPCS Communications, Inc. | 639 | (12,780 | ) | |||||
Office Depot, Inc. | 16 | (160 | ) |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 5
Transamerica Arbitrage Strategy
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Contracts | Value | |||||||
Call Options (continued) |
| |||||||
OfficeMax, Inc. | 57 | $ (1,140 | ) | |||||
Sprint Nextel Corp. | 654 | (6,540 | ) | |||||
Put Options - (0.0%) (A) | ||||||||
ASML Holding NV (F) | 10 | (250 | ) | |||||
ASML Holding NV | 23 | (230 | ) | |||||
ASML Holding NV | 24 | (240 | ) | |||||
HJ Heinz Co. | 86 | (860 | ) | |||||
HJ Heinz Co. | 9 | (2,268 | ) | |||||
Lufkin Industries, Inc. | 8 | (40 | ) | |||||
Lufkin Industries, Inc. | 4 | (60 | ) | |||||
McMoRan Exploration Co. | 33 | (363 | ) |
Contracts | Value | |||||||
Put Options (continued) |
| |||||||
MetroPCS Communications, Inc. (F) | 1,237 | $ (1,237 | ) | |||||
MetroPCS Communications, Inc. | 157 | (628 | ) | |||||
SPDR S&P 500 ETF Trust | 77 | (539 | ) | |||||
SPDR S&P 500 ETF Trust | 6 | (90 | ) | |||||
SPDR S&P 500 ETF Trust | 6 | (126 | ) | |||||
SPDR S&P 500 ETF Trust | 3 | (81 | ) | |||||
SPDR S&P 500 ETF Trust | 9 | (342 | ) | |||||
SPDR S&P 500 ETF Trust | 9 | (1,170 | ) | |||||
Sprint Nextel Corp. | 171 | (1,881 | ) | |||||
|
| |||||||
Total Written Options (premiums $(172,565)) |
| $ (169,598 | ) | |||||
|
|
OVER THE COUNTER SWAP AGREEMENTS: (G) |
| |||||||||||||||||||||||||
TOTAL RETURN SWAP AGREEMENTS - PAYABLE: (H) | ||||||||||||||||||||||||||
Reference Entity | Floating Rate | Termination Date | Counterparty | Notional Amount | Market Value | Premiums Paid (Received) | Unrealized Appreciation (Depreciation) | |||||||||||||||||||
Flinders Mines, Ltd. (F) | AUD-1M-LIBOR-BBA | 01/31/2018 | UBS | $ | 2,343,223 | $ | (504 | ) | $ | — | $ | (504 | ) | |||||||||||||
Mikuni Coca-Cola Bottling Co., Ltd. (F) | JPY-1M-LIBOR-BBA | 12/04/2017 | UBS | 44,920 | 12,238 | — | 12,238 | |||||||||||||||||||
Xstrata PLC (F) | GBP-1M-LIBOR-BBA | 11/01/2017 | UBS | 190,404 | (125,172 | ) | — | (125,172 | ) | |||||||||||||||||
Yancoal Australia, Ltd. (F) | AUD-1M-LIBOR-BBA | 01/31/2018 | UBS | 383,895 | 2,854 | — | 2,854 | |||||||||||||||||||
Yancoal Australia, Ltd. - CVR (F) | AUD-1M-LIBOR-BBA | 01/31/2018 | UBS | 450,199 | 14,656 | — | 14,656 | |||||||||||||||||||
|
| |||||||||||||||||||||||||
$ | (95,928 | ) | $ | — | $ | (95,928 | ) | |||||||||||||||||||
|
| |||||||||||||||||||||||||
TOTAL RETURN SWAP AGREEMENTS - RECEIVABLE: (H) | ||||||||||||||||||||||||||
Reference Entity | Floating Rate | Termination Date | Counterparty | Notional Amount | Market Value | Premiums Paid (Received) | Unrealized Appreciation (Depreciation) | |||||||||||||||||||
Coca-Cola Central Japan Co., Ltd. (F) | JPY-1M-LIBOR-BBA | 12/04/2017 | UBS | $ | 35,632 | $ | (9,093 | ) | $ | — | $ | (9,093 | ) | |||||||||||||
Glencore Xstrata PLC (F) | GBP-1M-LIBOR-BBA | 11/01/2017 | UBS | 580,730 | 125,919 | — | 125,919 | |||||||||||||||||||
|
| |||||||||||||||||||||||||
$ | 116,826 | $ | — | $ | 116,826 | |||||||||||||||||||||
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 6
Transamerica Arbitrage Strategy
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
FORWARD FOREIGN CURRENCY CONTRACTS: (G) | ||||||||||||||||||
Currency | Counterparty | Contracts Bought (Sold) | Settlement Date | Amount in U.S. Dollars Bought (Sold) | Net Unrealized Appreciation (Depreciation) | |||||||||||||
AUD | GSC | (1,178,000 | ) | 05/15/2013 | $ | (1,239,539 | ) | $ | 19,780 | |||||||||
AUD | GSC | (30,000 | ) | 05/15/2013 | (31,574 | ) | 510 | |||||||||||
AUD | GSC | (56,000 | ) | 05/15/2013 | (58,673 | ) | 688 | |||||||||||
AUD | GSC | (10,000 | ) | 05/15/2013 | (10,264 | ) | (91 | ) | ||||||||||
AUD | GSC | (19,000 | ) | 05/15/2013 | (19,527 | ) | (147 | ) | ||||||||||
AUD | GSC | (8,000 | ) | 05/15/2013 | (8,200 | ) | (84 | ) | ||||||||||
AUD | GSC | (24,000 | ) | 05/15/2013 | (24,655 | ) | (196 | ) | ||||||||||
AUD | GSC | (960,000 | ) | 05/15/2013 | (992,420 | ) | (1,611 | ) | ||||||||||
AUD | GSC | (16,000 | ) | 05/15/2013 | (16,561 | ) | (6 | ) | ||||||||||
AUD | GSC | 48,000 | 05/15/2013 | 50,471 | (769 | ) | ||||||||||||
AUD | GSC | 60,000 | 05/15/2013 | 62,124 | 3 | |||||||||||||
AUD | GSC | 20,000 | 05/15/2013 | 20,545 | 163 | |||||||||||||
AUD | GSC | 17,000 | 05/15/2013 | 17,418 | 185 | |||||||||||||
AUD | GSC | 20,000 | 05/15/2013 | 20,546 | 163 | |||||||||||||
CAD | GSC | (4,824,200 | ) | 05/15/2013 | (4,749,930 | ) | (36,790 | ) | ||||||||||
CAD | GSC | (7,000 | ) | 05/15/2013 | (6,891 | ) | (54 | ) | ||||||||||
CAD | GSC | (20,000 | ) | 05/15/2013 | (19,714 | ) | (131 | ) | ||||||||||
CAD | GSC | (2,000 | ) | 05/15/2013 | (1,956 | ) | (29 | ) | ||||||||||
CAD | GSC | (56,000 | ) | 05/15/2013 | (54,789 | ) | (776 | ) | ||||||||||
CAD | GSC | (25,000 | ) | 05/15/2013 | (24,326 | ) | (479 | ) | ||||||||||
CAD | GSC | (40,000 | ) | 05/15/2013 | (38,929 | ) | (760 | ) | ||||||||||
CAD | GSC | (20,000 | ) | 05/15/2013 | (19,477 | ) | (367 | ) | ||||||||||
CAD | GSC | (23,000 | ) | 05/15/2013 | (22,398 | ) | (423 | ) | ||||||||||
CAD | GSC | (190,000 | ) | 05/15/2013 | (185,072 | ) | (3,452 | ) | ||||||||||
CAD | GSC | (410,000 | ) | 05/15/2013 | (399,783 | ) | (7,031 | ) | ||||||||||
CAD | GSC | (23,000 | ) | 05/15/2013 | (22,554 | ) | (268 | ) | ||||||||||
CAD | GSC | (60,000 | ) | 05/15/2013 | (58,983 | ) | (551 | ) | ||||||||||
CAD | GSC | 12,000 | 05/15/2013 | 11,865 | 42 | |||||||||||||
CAD | GSC | 6,000 | 05/15/2013 | 5,928 | 26 | |||||||||||||
EUR | GSC | (692,000 | ) | 05/15/2013 | (905,160 | ) | (6,260 | ) | ||||||||||
EUR | GSC | (1,220,000 | ) | 05/15/2013 | (1,594,667 | ) | (12,171 | ) | ||||||||||
EUR | GSC | (80,000 | ) | 05/15/2013 | (105,584 | ) | 218 | |||||||||||
EUR | GSC | (94,000 | ) | 05/15/2013 | (122,396 | ) | (1,409 | ) | ||||||||||
EUR | GSC | (186,000 | ) | 05/15/2013 | (242,710 | ) | (2,267 | ) | ||||||||||
EUR | GSC | (77,000 | ) | 05/15/2013 | (100,534 | ) | (881 | ) | ||||||||||
EUR | GSC | (800,000 | ) | 05/15/2013 | (1,040,062 | ) | (13,602 | ) | ||||||||||
EUR | GSC | (230,000 | ) | 05/15/2013 | (299,599 | ) | (3,329 | ) | ||||||||||
EUR | GSC | (125,000 | ) | 05/15/2013 | (162,746 | ) | (1,889 | ) | ||||||||||
EUR | GSC | (7,000 | ) | 05/15/2013 | (9,166 | ) | (53 | ) | ||||||||||
EUR | GSC | 609,000 | 05/15/2013 | 796,570 | 5,532 | |||||||||||||
JPY | GSC | (257,986,000 | ) | 05/15/2013 | (2,593,684 | ) | (52,931 | ) | ||||||||||
JPY | GSC | (2,600,000 | ) | 05/15/2013 | (26,295 | ) | (378 | ) | ||||||||||
JPY | GSC | 5,400,000 | 05/15/2013 | 54,153 | 1,244 | |||||||||||||
JPY | GSC | 255,186,000 | 05/15/2013 | 2,610,617 | 7,273 | |||||||||||||
NOK | GSC | (70,000 | ) | 05/15/2013 | (12,159 | ) | 27 | |||||||||||
NOK | GSC | (1,198,000 | ) | 05/15/2013 | (208,578 | ) | 950 | |||||||||||
NOK | GSC | (26,000 | ) | 05/15/2013 | (4,551 | ) | 45 | |||||||||||
NOK | GSC | (640,000 | ) | 05/15/2013 | (111,788 | ) | 867 | |||||||||||
NOK | GSC | (82,000 | ) | 05/15/2013 | (14,110 | ) | (102 | ) | ||||||||||
NOK | GSC | 70,000 | 05/15/2013 | 12,187 | (55 | ) | ||||||||||||
NOK | GSC | 185,000 | 05/15/2013 | 31,746 | 316 | |||||||||||||
|
| |||||||||||||||||
$ | (111,310 | ) | ||||||||||||||||
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 7
Transamerica Arbitrage Strategy
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(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 April 30, 2013:
Counterparty | Total Market Value of OTC Derivatives | Collateral (Received) Pledged | Net Exposures (1) | |||||||||
GSC | $ | (111,310 | ) | $ | — | $ | (111,310 | ) | ||||
UBS | 20,898 | 3,977,559 | 3,998,457 |
(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:
(A) | Percentage rounds to less than 0.1%. |
(B) | Non-income producing security. |
(C) | All or a portion of this security has been segregated by the custodian with the broker as collateral for open options and securities sold short transactions. Total value of securities segregated as collateral for open options and securities sold short transactions is $21,813,450. |
(D) | Rate shown reflects the yield at April 30, 2013. |
(E) | Aggregate cost for federal income tax purposes is $101,009,947. Aggregate gross unrealized appreciation and depreciation for all securities in which there is an excess of value over tax cost were $3,704,128 and $2,486,881, respectively. Net unrealized appreciation for tax purposes is $1,217,247. |
(F) | Fair valued as determined in good faith in accordance with procedures established by the Board of Trustees. Total aggregate market value of fair valued derivatives is $19,321, or 0.02% of the fund’s net assets. |
(G) | Cash in the amount of $3,977,559 has been segregated by the custodian with the broker as collateral for open swap and/or forward foreign currency contracts. |
(H) | 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:
BBA | British Bankers’ Association | |
CVR | Contingent Value Right | |
ETF | Exchange-Traded Fund | |
GSC | Goldman Sachs & Co. | |
LIBOR | London Interbank Offered Rate | |
OTC | Over the Counter | |
SPDR | Standard & Poor’s Depositary Receipt | |
UBS | UBS AG |
CURRENCY ABBREVIATIONS:
AUD | Australian Dollar | |
CAD | Canadian Dollar | |
EUR | Euro | |
GBP | Pound Sterling | |
JPY | Japanese Yen | |
NOK | Norwegian Krone |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 8
Transamerica Arbitrage Strategy
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
VALUATION SUMMARY: (I)
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
ASSETS | ||||||||||||||||
Investment Securities | ||||||||||||||||
Common Stocks | $ | 83,094,557 | $ | 6,368,459 | $ | — | $ | 89,463,016 | ||||||||
Purchased Options | 180,011 | — | — | 180,011 | ||||||||||||
Repurchase Agreement | — | 12,584,167 | — | 12,584,167 | ||||||||||||
Total Investment Securities | $ | 83,274,568 | $ | 18,952,626 | $ | — | $ | 102,227,194 | ||||||||
Derivative Financial Instruments | ||||||||||||||||
Forward Foreign Currency Contracts (J) | $ | — | $ | 38,032 | $ | — | $ | 38,032 | ||||||||
Total Return Swap Agreements (J) | — | 155,667 | — | 155,667 | ||||||||||||
Total Derivative Financial Instruments | $ | — | $ | 193,699 | $ | — | $ | 193,699 | ||||||||
Other Assets (K) | ||||||||||||||||
Cash | $ | 97,872 | $ | — | $ | — | $ | 97,872 | ||||||||
Cash on Deposit with Broker | 31,226,938 | — | — | 31,226,938 | ||||||||||||
Foreign Currency | 25 | — | — | 25 | ||||||||||||
Total Other Assets | $ | 31,324,835 | $ | — | $ | — | $ | 31,324,835 | ||||||||
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
LIABILITIES | ||||||||||||||||
Securities Sold Short | ||||||||||||||||
Common Stocks | $ | (26,779,499 | ) | $ | — | $ | — | $ | (26,779,499 | ) | ||||||
Investment Company | (1,347,859 | ) | — | — | (1,347,859 | ) | ||||||||||
Total Securities Sold Short | $ | (28,127,358 | ) | $ | — | $ | — | $ | (28,127,358 | ) | ||||||
Derivative Financial Instruments | ||||||||||||||||
Forward Foreign Currency Contracts (J) | $ | — | $ | (149,342 | ) | $ | — | $ | (149,342 | ) | ||||||
Total Return Swap Agreements (J) | — | (134,769 | ) | — | (134,769 | ) | ||||||||||
Written Options | (168,021 | ) | (1,577 | ) | — | (169,598 | ) | |||||||||
Total Derivative Financial Instruments | $ | (168,021 | ) | $ | (285,688 | ) | $ | — | $ | (453,709 | ) |
(I) | Transfers between levels are considered to have occurred at the end of the reporting period. There were no transfers between Levels 1 and 2 during the period ended April 30, 2013. See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
(J) | Other financial instruments are derivative instruments that are valued at unrealized appreciation (depreciation) on the instrument. |
(K) | Certain assets and liabilities are held at carrying amount or face value, which approximates fair value for financial reporting purposes. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 9
Transamerica Bond
SCHEDULE OF INVESTMENTS
At April 30, 2013
(unaudited)
Principal | Value | |||||||
U.S. GOVERNMENT OBLIGATIONS - 4.7% |
| |||||||
United States - 4.7% | ||||||||
U.S. Treasury Note | ||||||||
0.25%, 10/15/2015 | $ 17,990,000 | $ 17,984,387 | ||||||
0.88%, 01/31/2017 | 19,905,000 | 20,220,674 | ||||||
|
| |||||||
Total U.S. Government Obligations |
| 38,205,061 | ||||||
|
| |||||||
U.S. GOVERNMENT AGENCY OBLIGATIONS - 5.2% |
| |||||||
United States - 5.2% | ||||||||
Freddie Mac | 39,752,983 | 42,309,729 | ||||||
|
| |||||||
Total U.S. Government Agency Obligations |
| 42,309,729 | ||||||
|
| |||||||
FOREIGN GOVERNMENT OBLIGATIONS - 15.0% |
| |||||||
Australia - 0.2% | ||||||||
Queensland Treasury Corp., | NZD 1,640,000 | 1,604,936 | ||||||
Brazil - 1.6% | ||||||||
Brazilian Government International Bond | ||||||||
8.50%, 01/05/2024 | BRL 9,100,000 | 5,062,252 | ||||||
10.25%, 01/10/2028 | 12,250,000 | 7,638,073 | ||||||
Canada - 7.1% | ||||||||
Canada Housing Trust No. 1 | CAD 19,980,000 | 19,893,135 | ||||||
Canadian Government Bond | ||||||||
3.00%, 12/01/2015 | 9,060,000 | 9,449,846 | ||||||
4.25%, 06/01/2018 | 1,600,000 | 1,827,203 | ||||||
Province of Ontario Canada | ||||||||
2.95%, 02/05/2015 (A) | $ 15,610,000 | 16,311,061 | ||||||
4.20%, 03/08/2018 - 06/02/2020 | CAD 6,965,000 | 7,838,716 | ||||||
Province of Quebec Canada | NZD 2,825,000 | 2,614,586 | ||||||
Ireland - 0.4% | ||||||||
Ireland Government Bond | ||||||||
5.00%, 10/18/2020 | EUR 285,000 | 419,057 | ||||||
5.40%, 03/13/2025 | 2,060,000 | 3,109,709 | ||||||
Italy - 0.1% | ||||||||
Italy Buoni Poliennali del Tesoro | 560,000 | 849,886 | ||||||
Malaysia - 0.9% | ||||||||
Malaysia Government Bond | MYR 23,625,000 | 7,804,877 | ||||||
Mexico - 2.0% | ||||||||
United Mexican States | MXN 150,800,000 | 15,988,131 | ||||||
Philippines - 0.4% | ||||||||
Philippine Government International Bond | ||||||||
3.90%, 11/26/2022 | PHP 70,000,000 | 1,819,728 | ||||||
4.95%, 01/15/2021 | 50,000,000 | 1,360,544 | ||||||
Portugal - 0.1% | ||||||||
Portugal Obrigacoes do Tesouro OT | EUR 910,000 | 1,127,742 | ||||||
Spain - 1.5% | ||||||||
Spain Government Bond | 8,860,000 | 12,019,393 |
Principal | Value | |||||||
Supranational - 0.4% | ||||||||
Asian Development Bank, | $ 2,845,000 | $ 3,013,993 | ||||||
Uruguay - 0.3% | ||||||||
Uruguay Government International Bond | UYU 32,041,802 | 2,145,804 | ||||||
|
| |||||||
Total Foreign Government Obligations |
| 121,898,672 | ||||||
|
| |||||||
MORTGAGE-BACKED SECURITIES - 6.6% |
| |||||||
United States - 6.6% | ||||||||
Banc of America Funding Corp. | $ 171,434 | 172,257 | ||||||
Banc of America Funding Trust | 800,000 | 828,444 | ||||||
Banc of America Merrill Lynch Commercial Mortgage, Inc. | 500,000 | 578,713 | ||||||
Bear Stearns Adjustable Rate Mortgage Trust | ||||||||
Series 2004-10, Class 11A1 | ||||||||
3.00%, 01/25/2035 (B) | 68,231 | 64,853 | ||||||
Series 2004-3, Class 2A | ||||||||
2.84%, 07/25/2034 (B) | 206,652 | 200,931 | ||||||
Citicorp Mortgage Securities, Inc. Series 2006-5, Class 1A2 | 102,660 | 102,604 | ||||||
Countrywide Alternative Loan Trust Series 2004-J9, Class 1A5 | 489,232 | 495,851 | ||||||
Countrywide Home Loan Mortgage Pass-Through Trust | ||||||||
Series 2004-HYB4, Class 2A1 | ||||||||
2.70%, 09/20/2034 (B) | 531,566 | 506,862 | ||||||
Series 2005-11, Class 4A1 | ||||||||
0.47%, 04/25/2035 (B) | 783,286 | 595,125 | ||||||
Credit Suisse First Boston Mortgage Securities Corp. | ||||||||
Series 2004-AR5, Class 3A1 | ||||||||
2.70%, 06/25/2034 (B) | 893,726 | 880,734 | ||||||
Series 2005-1, Class 3A4 | ||||||||
5.25%, 05/25/2028 | 290,131 | 299,065 | ||||||
Credit Suisse Mortgage Capital Certificates | ||||||||
Series 2007-C3, Class A4 | ||||||||
5.87%, 06/15/2039 (B) | 2,410,000 | 2,773,389 | ||||||
Series 2007-C4, Class A4 | ||||||||
5.96%, 09/15/2039 (B) | 1,200,000 | 1,379,171 | ||||||
Series 2007-C5, Class A4 | ||||||||
5.70%, 09/15/2040 (B) | 4,785,000 | 5,562,467 | ||||||
Series 2008-C1, Class A3 | ||||||||
6.25%, 02/15/2041 (B) | 1,540,000 | 1,817,251 | ||||||
CW Capital Cobalt, Ltd. | 950,000 | 1,027,296 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 10
Transamerica Bond
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Principal | Value | |||||||
United States (continued) |
| |||||||
Extended Stay America Trust | $ 5,130,000 | $ 5,372,977 | ||||||
GMAC Mortgage Corp., Loan Trust | ||||||||
Series 2003-J7, Class A7 | ||||||||
5.00%, 11/25/2033 | 367,966 | 374,478 | ||||||
Series 2005-AR4, Class 3A1 | ||||||||
3.59%, 07/19/2035 (B) | 1,536,859 | 1,424,383 | ||||||
Greenwich Capital Commercial Funding Corp. | 3,100,000 | 3,611,320 | ||||||
GS Mortgage Securities Trust | 3,110,000 | 3,206,957 | ||||||
GSR Mortgage Loan Trust | 1,157,177 | 1,049,294 | ||||||
IndyMac Index Mortgage Loan Trust Series 2005-16IP, Class A1 | 312,550 | 272,470 | ||||||
JPMorgan Chase Commercial Mortgage Securities Corp. | 400,000 | 431,664 | ||||||
JPMorgan Mortgage Trust | ||||||||
Series 2007-A1, Class 4A2 | ||||||||
2.99%, 07/25/2035 (B) | 235,060 | 238,449 | ||||||
Series 2007-A1, Class 5A1 | ||||||||
3.00%, 07/25/2035 (B) | 787,892 | 780,531 | ||||||
Merrill Lynch/Countrywide Commercial Mortgage Trust | 650,000 | 746,691 | ||||||
Morgan Stanley Capital I Trust | 875,000 | 969,167 | ||||||
Morgan Stanley Mortgage Loan Trust Series 2005-7, Class 7A5 | 1,575,000 | 1,599,611 | ||||||
Morgan Stanley Re-REMIC Trust | 2,900,000 | 3,318,450 | ||||||
Motel 6 Trust | 1,400,000 | 1,407,549 | ||||||
RALI Trust | 1,095,000 | 1,124,241 | ||||||
Structured Asset Securities Corp. Mortgage Pass-Through Certificates Series 2004-21XS, Class 1A5 | 937,911 | 963,008 | ||||||
Wachovia Bank Commercial Mortgage Trust | 2,200,000 | 2,481,450 | ||||||
WaMu Mortgage Pass-Through Certificates | ||||||||
Series 2004-AR1, Class A | ||||||||
2.57%, 03/25/2034 (B) | 641,401 | 651,772 |
Principal | Value | |||||||
United States (continued) |
| |||||||
WaMu Mortgage Pass-Through Certificates (continued) | ||||||||
Series 2006-AR17, Class 1A1A | ||||||||
0.99%, 12/25/2046 (B) | $ 287,795 | $ 264,833 | ||||||
Series 2007-OA3, Class 2A1A | ||||||||
0.94%, 04/25/2047 (B) | 543,474 | 481,847 | ||||||
Wells Fargo Mortgage Backed Securities Trust | ||||||||
Series 2003-M, Class A1 | ||||||||
4.69%, 12/25/2033 (B) | 1,049,603 | 1,077,306 | ||||||
Series 2003-N, Class 1A2 | ||||||||
4.59%, 12/25/2033 (B) | 875,320 | 881,678 | ||||||
Series 2005-12, Class 1A2 | ||||||||
5.50%, 11/25/2035 | 876,378 | 907,463 | ||||||
Series 2005-AR2, Class 2A2 | ||||||||
2.68%, 03/25/2035 (B) | 752,375 | 757,879 | ||||||
Series 2005-AR4, Class 2A2 | ||||||||
2.73%, 04/25/2035 (B) | 1,770,551 | 1,801,397 | ||||||
|
| |||||||
Total Mortgage-Backed Securities (cost $45,585,972) |
| 53,481,878 | ||||||
|
| |||||||
ASSET-BACKED SECURITIES - 0.4% |
| |||||||
United States - 0.4% | ||||||||
Chesapeake Funding LLC | ||||||||
Series 2009-2A, Class B | ||||||||
1.95%, 09/15/2021 - 144A (B) | 1,000,000 | 1,006,151 | ||||||
Series 2009-2A, Class C | ||||||||
1.95%, 09/15/2021 - 144A (B) | 1,200,000 | 1,205,542 | ||||||
Countrywide Asset-Backed Certificates | 625,000 | 597,341 | ||||||
DSC Floorplan Master Owner Trust | 850,000 | 854,831 | ||||||
|
| |||||||
Total Asset-Backed Securities (cost $3,205,268) |
| 3,663,865 | ||||||
|
| |||||||
PREFERRED CORPORATE DEBT SECURITY - 0.1% |
| |||||||
United States - 0.1% | ||||||||
Hercules, Inc. | 1,260,000 | 1,171,800 | ||||||
|
| |||||||
Total Preferred Corporate Debt Security |
| 1,171,800 | ||||||
|
| |||||||
CORPORATE DEBT SECURITIES - 51.9% |
| |||||||
Australia - 0.6% | ||||||||
Newcrest Finance Pty, Ltd. | 4,795,000 | 4,878,874 | ||||||
Austria - 0.5% | ||||||||
OGX Austria GmbH | ||||||||
8.38%, 04/01/2022 - 144A | 6,100,000 | 3,721,000 | ||||||
8.50%, 06/01/2018 - 144A (A) | 800,000 | 502,000 | ||||||
Belgium - 0.1% | ||||||||
Delhaize Group SA | 500,000 | 524,841 | ||||||
Canada - 0.6% | ||||||||
Bell Canada | CAD 475,000 | 577,685 | ||||||
Bombardier, Inc. | $ 800,000 | 827,000 | ||||||
Connacher Oil and Gas, Ltd. | 2,325,000 | 1,482,188 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 11
Transamerica Bond
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Principal | Value | |||||||
Canada (continued) |
| |||||||
Methanex Corp. | ||||||||
3.25%, 12/15/2019 | $ 1,050,000 | $ 1,075,271 | ||||||
5.25%, 03/01/2022 | 350,000 | 398,004 | ||||||
Cayman Islands - 0.3% | ||||||||
Odebrecht Drilling Norbe VIII/IX, Ltd. | 1,045,000 | 1,159,950 | ||||||
Schahin II Finance Co. SPV, Ltd. 5.88%, 09/25/2022 - 144A (A) | 1,373,867 | 1,440,499 | ||||||
Chile - 0.0% (C) | ||||||||
Banco Santander Chile | CLP 100,000,000 | 210,213 | ||||||
France - 0.0% (C) | ||||||||
Societe Generale SA | $ 200,000 | 227,852 | ||||||
Isle of Man - 0.3% | ||||||||
AngloGold Ashanti Holdings PLC 5.13%, 08/01/2022 (A) | 2,450,000 | 2,467,745 | ||||||
Korea, Republic of - 1.3% | ||||||||
Export-Import Bank of Korea | PHP 386,300,000 | 9,842,391 | ||||||
Hyundai Capital Services, Inc. | $ 800,000 | 853,039 | ||||||
Luxembourg - 3.1% | ||||||||
ArcelorMittal | ||||||||
6.00%, 03/01/2021 (A) | 1,490,000 | 1,578,655 | ||||||
6.75%, 02/25/2022 (A) | 175,000 | 191,953 | ||||||
7.25%, 03/01/2041 (A) | 4,715,000 | 4,821,658 | ||||||
7.50%, 10/15/2039 | 6,975,000 | 7,338,195 | ||||||
Telecom Italia Capital SA | ||||||||
6.00%, 09/30/2034 | 7,270,000 | 7,046,578 | ||||||
6.38%, 11/15/2033 | 4,240,000 | 4,275,247 | ||||||
Mexico - 0.7% | ||||||||
America Movil SAB de CV | MXN 50,000,000 | 5,016,138 | ||||||
Mexichem SAB de CV | $ 800,000 | 870,000 | ||||||
Netherlands - 2.4% | ||||||||
Cooperatieve Centrale Raiffeisen-Boerenleenbank BA | ||||||||
3.38%, 01/19/2017 (A) | 1,030,000 | 1,109,207 | ||||||
3.88%, 02/08/2022 (A) | 1,810,000 | 1,965,823 | ||||||
EDP Finance BV | ||||||||
4.90%, 10/01/2019 - 144A | 3,200,000 | 3,251,200 | ||||||
6.00%, 02/02/2018 - 144A (A) | 200,000 | 213,600 | ||||||
Enel Finance International NV | ||||||||
5.13%, 10/07/2019 - 144A (A) | 800,000 | 870,304 | ||||||
6.00%, 10/07/2039 - 144A | 11,290,000 | 11,451,740 | ||||||
6.80%, 09/15/2037 - 144A | 100,000 | 109,459 | ||||||
Spain - 1.3% | ||||||||
Telefonica Emisiones SAU | 8,925,000 | 10,389,985 | ||||||
United Kingdom - 1.3% | ||||||||
Barclays Bank PLC, | EUR 2,950,000 | 4,541,275 | ||||||
HBOS PLC | ||||||||
6.00%, 11/01/2033 - 144A (A) | $ 200,000 | 197,558 | ||||||
6.75%, 05/21/2018 - 144A | 3,600,000 | 4,017,535 |
Principal | Value | |||||||
United Kingdom (continued) |
| |||||||
Lloyds TSB Bank PLC, | EUR 1,300,000 | $ 2,015,220 | ||||||
United States - 39.4% | ||||||||
Alcatel-Lucent USA, Inc. | ||||||||
6.45%, 03/15/2029 | $ 3,050,000 | 2,379,000 | ||||||
6.50%, 01/15/2028 | 1,275,000 | 981,750 | ||||||
Ally Financial, Inc. | 7,195,000 | 7,581,731 | ||||||
American International Group, Inc. | ||||||||
6.25%, 03/15/2037 | 4,900,000 | 5,469,625 | ||||||
8.18%, 05/15/2068 (B) | 5,210,000 | 7,046,525 | ||||||
American Tower Corp. | 3,330,000 | 3,665,561 | ||||||
Arch Coal, Inc. | 2,215,000 | 2,026,725 | ||||||
Arrow Electronics, Inc. | 1,640,000 | 1,678,681 | ||||||
Aviation Capital Group Corp. | 1,055,000 | 1,177,898 | ||||||
Avon Products, Inc. | 2,295,000 | 2,497,059 | ||||||
Bank of America Corp. | 215,000 | 244,245 | ||||||
Beazer Homes USA, Inc. | 1,890,000 | 2,069,550 | ||||||
Boyd Acquisition Sub LLC/Boyd Acquisition Finance Corp. | 830,000 | 896,400 | ||||||
Braskem America Finance Co. | 2,765,000 | 2,937,812 | ||||||
Bruce Mansfield Unit | 2,599,244 | 2,889,839 | ||||||
CCO Holdings LLC / CCO Holdings Capital Corp. | 350,000 | 392,875 | ||||||
CenturyLink, Inc. | ||||||||
7.20%, 12/01/2025 | 595,000 | 627,464 | ||||||
7.60%, 09/15/2039 | 6,120,000 | 6,303,600 | ||||||
7.65%, 03/15/2042 | 1,540,000 | 1,586,200 | ||||||
Chesapeake Energy Corp. | ||||||||
6.63%, 08/15/2020 | 75,000 | 84,844 | ||||||
6.88%, 11/15/2020 | 490,000 | 559,825 | ||||||
CHS/Community Health Systems, Inc. | 2,675,000 | 3,032,781 | ||||||
Citigroup, Inc. | 11,785,000 | 13,314,540 | ||||||
CommScope, Inc. | 635,000 | 693,738 | ||||||
ConAgra Foods, Inc. | 3,060,000 | 3,969,909 | ||||||
Continental Airlines Pass-Through Trust | ||||||||
5.50%, 04/29/2022 | 840,000 | 882,084 | ||||||
6.25%, 10/22/2021 | 300,000 | 315,000 | ||||||
6.70%, 12/15/2022 | 688,166 | 744,940 | ||||||
CVS Pass-Through Trust | 1,163,377 | 1,457,413 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 12
Transamerica Bond
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Principal | Value | |||||||
United States (continued) |
| |||||||
DDR Corp. | $ 1,585,000 | $ 2,056,474 | ||||||
Delta Air Lines, Inc., Pass-Through Trust | ||||||||
6.82%, 02/10/2024 | 2,067,657 | 2,400,963 | ||||||
8.02%, 02/10/2024 | 1,713,017 | 1,884,318 | ||||||
Dillard’s, Inc. | 990,000 | 1,149,638 | ||||||
Dynegy Holdings, LLC | 450,000 | — | ||||||
Energy Future Intermediate Holding Co. LLC / EFIH Finance, Inc. | 5,513,000 | 5,209,785 | ||||||
Energy Transfer Partners, LP | 1,095,000 | 1,251,937 | ||||||
First Data Corp. | ||||||||
6.75%, 11/01/2020 - 144A | 1,275,000 | 1,367,438 | ||||||
7.38%, 06/15/2019 - 144A | 1,285,000 | 1,397,438 | ||||||
Ford Motor Co. | 115,000 | 142,909 | ||||||
Forethought Financial Group, Inc. 8.63%, 04/15/2021 - 144A | 1,430,000 | 1,753,397 | ||||||
Frontier Communications Corp. | 2,160,000 | 2,203,200 | ||||||
General Electric Capital Corp. | 6,600,000 | 7,726,191 | ||||||
General Electric Capital Corp., | ||||||||
5.50%, 02/01/2017 | NZD 230,000 | 208,226 | ||||||
7.63%, 12/10/2014 | 320,000 | 291,286 | ||||||
Goldman Sachs Group, Inc. | $ 4,950,000 | 5,468,458 | ||||||
Goodyear Tire & Rubber Co. | 620,000 | 670,375 | ||||||
HCA, Inc. | ||||||||
7.05%, 12/01/2027 | 105,000 | 106,313 | ||||||
7.50%, 12/15/2023 - 11/06/2033 | 3,655,000 | 3,831,475 | ||||||
7.69%, 06/15/2025 | 1,545,000 | 1,672,462 | ||||||
8.36%, 04/15/2024 | 190,000 | 214,700 | ||||||
HCA, Inc., | ||||||||
7.58%, 09/15/2025 | 1,020,000 | 1,088,850 | ||||||
7.75%, 07/15/2036 (A) | 125,000 | 130,000 | ||||||
IFM US Colonial Pipeline 2 LLC | 2,300,000 | 2,619,042 | ||||||
International Lease Finance Corp. | ||||||||
5.88%, 04/01/2019 (A) | 4,345,000 | 4,768,160 | ||||||
6.25%, 05/15/2019 (A) | 610,000 | 683,963 | ||||||
8.25%, 12/15/2020 (A) | 710,000 | 887,500 | ||||||
8.63%, 01/15/2022 (A) | 3,555,000 | 4,621,500 | ||||||
JC Penney Corp., Inc. | ||||||||
6.38%, 10/15/2036 (A) | 2,232,000 | 1,788,390 | ||||||
7.40%, 04/01/2037 (A) | 1,355,000 | 1,136,506 | ||||||
7.63%, 03/01/2097 (A) | 430,000 | 340,775 | ||||||
Jefferies Group, Inc. | ||||||||
5.13%, 01/20/2023 (A) | 965,000 | 1,047,163 | ||||||
6.25%, 01/15/2036 | 3,210,000 | 3,418,650 | ||||||
6.45%, 06/08/2027 | 275,000 | 308,312 | ||||||
6.50%, 01/20/2043 (A) | 1,945,000 | 2,138,940 | ||||||
6.88%, 04/15/2021 | 1,385,000 | 1,652,758 |
Principal | Value | |||||||
United States (continued) |
| |||||||
KB Home | ||||||||
7.25%, 06/15/2018 | $ 945,000 | $ 1,060,763 | ||||||
7.50%, 09/15/2022 (A) | 2,210,000 | 2,519,400 | ||||||
8.00%, 03/15/2020 | 1,280,000 | 1,507,200 | ||||||
Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp. | 1,020,000 | 1,059,525 | ||||||
Level 3 Financing, Inc. | 100,000 | 112,750 | ||||||
Mackinaw Power LLC | 1,250,348 | 1,326,242 | ||||||
Macy’s Retail Holdings, Inc. | 1,065,000 | 1,321,963 | ||||||
Masco Corp. | ||||||||
5.85%, 03/15/2017 | 2,440,000 | 2,694,060 | ||||||
6.50%, 08/15/2032 | 895,000 | 933,915 | ||||||
7.13%, 03/15/2020 | 1,505,000 | 1,752,941 | ||||||
7.75%, 08/01/2029 | 360,000 | 414,473 | ||||||
Meccanica Holdings USA, Inc. | ||||||||
6.25%, 07/15/2019 - 01/15/2040 - 144A | 2,700,000 | 2,502,208 | ||||||
7.38%, 07/15/2039 - 144A | 5,400,000 | 5,179,918 | ||||||
Merrill Lynch & Co., Inc. | ||||||||
6.05%, 05/16/2016 (A) | 100,000 | 111,221 | ||||||
6.11%, 01/29/2037 | 8,010,000 | 9,113,185 | ||||||
Merrill Lynch & Co., Inc., | 820,000 | 942,802 | ||||||
MGM Resorts International | ||||||||
6.75%, 10/01/2020 - 144A (A) | 2,180,000 | 2,392,550 | ||||||
7.50%, 06/01/2016 | 1,095,000 | 1,234,613 | ||||||
8.63%, 02/01/2019 (A) | 620,000 | 734,700 | ||||||
Morgan Stanley | 6,000,000 | 7,141,632 | ||||||
Morgan Stanley, | ||||||||
5.50%, 01/26/2020 - 07/24/2020 | 4,460,000 | 5,200,738 | ||||||
7.60%, 08/08/2017 | NZD 1,350,000 | 1,249,189 | ||||||
8.00%, 05/09/2017 | AUD 2,470,000 | 2,866,309 | ||||||
New Albertsons, Inc. | ||||||||
7.45%, 08/01/2029 (A) | $ 1,305,000 | 1,019,531 | ||||||
7.75%, 06/15/2026 | 680,000 | 543,150 | ||||||
8.00%, 05/01/2031 (A) | 905,000 | 722,869 | ||||||
New Albertsons, Inc., | 4,210,000 | 3,031,200 | ||||||
NGC Corp Capital Trust I | 200,000 | — | ||||||
NLV Financial Corp. | 190,000 | 214,652 | ||||||
Northwest Airlines Pass-Through Trust 7.03%, 11/01/2019 | 5,883,094 | 6,589,065 | ||||||
Owens Corning, Inc. | 4,585,000 | 5,285,620 | ||||||
PulteGroup, Inc. | ||||||||
6.00%, 02/15/2035 | 305,000 | 290,513 | ||||||
6.38%, 05/15/2033 | 1,850,000 | 1,877,750 | ||||||
7.88%, 06/15/2032 | 3,500,000 | 3,889,375 | ||||||
Qwest Capital Funding, Inc. | ||||||||
6.88%, 07/15/2028 (A) | 1,510,000 | 1,507,791 | ||||||
7.63%, 08/03/2021 | 1,000,000 | 1,141,142 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 13
Transamerica Bond
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Principal | Value | |||||||
United States (continued) |
| |||||||
Qwest Corp. | ||||||||
6.88%, 09/15/2033 | $ 2,770,000 | $ 2,790,775 | ||||||
7.20%, 11/10/2026 (A) | 895,000 | 905,069 | ||||||
7.25%, 10/15/2035 | 290,000 | 303,050 | ||||||
Reliance Holdings USA, Inc. | 500,000 | 563,550 | ||||||
Residential Capital LLC | 685,000 | 750,075 | ||||||
Reynolds Group Issuer, Inc. / Reynolds Group Issuer LLC / Reynolds Group Issuer Lu | ||||||||
8.25%, 02/15/2021 | 4,400,000 | 4,669,500 | ||||||
9.00%, 04/15/2019 (A) | 500,000 | 540,000 | ||||||
9.88%, 08/15/2019 | 400,000 | 449,000 | ||||||
SandRidge Energy, Inc. | ||||||||
7.50%, 02/15/2023 (A) | 415,000 | 427,450 | ||||||
8.13%, 10/15/2022 (A) | 1,370,000 | 1,459,050 | ||||||
SLM Corp., | ||||||||
5.63%, 08/01/2033 | 3,904,000 | 3,708,800 | ||||||
7.25%, 01/25/2022 (A) | 6,665,000 | 7,414,812 | ||||||
Southwestern Energy Co. | 1,570,000 | 1,694,013 | ||||||
Springleaf Finance Corp., | 7,760,000 | 8,075,250 | ||||||
Sprint Capital Corp. | ||||||||
6.88%, 11/15/2028 | 9,420,000 | 9,631,950 | ||||||
6.90%, 05/01/2019 | 70,000 | 76,038 | ||||||
8.75%, 03/15/2032 | 165,000 | 195,113 | ||||||
Sprint Nextel Corp. | 1,090,000 | 1,340,700 | ||||||
Toys “R” Us, Inc. | 3,880,000 | 3,710,250 | ||||||
U.S. Airways Pass-Through Trust | ||||||||
4.63%, 12/03/2026 | 1,750,000 | 1,837,500 | ||||||
5.90%, 04/01/2026 (A) | 1,831,694 | 2,056,076 | ||||||
8.00%, 04/01/2021 | 1,638,818 | 1,819,088 | ||||||
U.S. Steel Corp. | 6,345,000 | 5,821,537 | ||||||
UAL Pass-Through Trust | 5,749,215 | 6,288,204 | ||||||
USG Corp. | 3,795,000 | 4,041,675 | ||||||
Valeant Pharmaceuticals International, Inc. | ||||||||
6.75%, 08/15/2021 - 144A | 1,670,000 | 1,845,350 | ||||||
7.25%, 07/15/2022 - 144A | 1,395,000 | 1,579,837 | ||||||
VPI Escrow Corp. | 7,245,000 | 8,023,837 | ||||||
Westvaco Corp. | ||||||||
7.95%, 02/15/2031 | 850,000 | 1,067,215 | ||||||
8.20%, 01/15/2030 | 2,910,000 | 3,693,244 | ||||||
Weyerhaeuser Co. | ||||||||
6.88%, 12/15/2033 | 4,740,000 | 6,149,486 | ||||||
6.95%, 10/01/2027 (A) | 130,000 | 168,764 | ||||||
7.38%, 03/15/2032 (A) | 1,530,000 | 2,089,510 | ||||||
|
| |||||||
Total Corporate Debt Securities (cost $372,870,805) |
| 421,275,711 | ||||||
|
|
Principal | Value | |||||||
CONVERTIBLE BONDS - 6.9% | ||||||||
United States - 6.9% | ||||||||
Chesapeake Energy Corp. | ||||||||
2.50%, 05/15/2037 (A) | $ 935,000 | $ 902,859 | ||||||
Series 2006-1, Class A5 | ||||||||
2.75%, 11/15/2035 | 145,000 | 146,631 | ||||||
Ciena Corp. | ||||||||
0.88%, 06/15/2017 (A) | 4,510,000 | 4,115,375 | ||||||
3.75%, 10/15/2018 - 144A | 4,125,000 | 4,581,328 | ||||||
Ford Motor Co. | 3,715,000 | 6,115,819 | ||||||
Gilead Sciences, Inc. | 1,160,000 | 2,604,200 | ||||||
Intel Corp. | ||||||||
2.95%, 12/15/2035 (A) | 1,645,000 | 1,835,203 | ||||||
3.25%, 08/01/2039 | 5,700,000 | 7,310,250 | ||||||
Jefferies Group, Inc. | 3,445,000 | 3,595,719 | ||||||
LAM Research Corp. | 655,000 | 746,700 | ||||||
Lennar Corp. | ||||||||
Series 2005-8, Class 1A3 | ||||||||
2.00%, 12/01/2020 - 144A | 65,000 | 97,988 | ||||||
2.75%, 12/15/2020 - 144A | 75,000 | 144,609 | ||||||
Level 3 Communications, Inc. | 2,110,000 | 2,438,369 | ||||||
Level 3 Financing, Inc. | 985,000 | 1,113,050 | ||||||
Liberty Interactive LLC | 91,865 | 47,425 | ||||||
Micron Technology, Inc. | ||||||||
Series B | ||||||||
1.88%, 08/01/2031 | 1,300,000 | 1,467,375 | ||||||
Series C | ||||||||
2.38%, 05/01/2032 - 144A | 2,260,000 | 2,721,887 | ||||||
Series D | ||||||||
3.13%, 05/01/2032 - 144A | 175,000 | 211,859 | ||||||
Mylan, Inc. | 925,000 | 2,062,750 | ||||||
Old Republic International Corp. | 1,790,000 | 2,042,838 | ||||||
Peabody Energy Corp. | 2,079,000 | 1,678,793 | ||||||
Ryland Group, Inc. | 1,715,000 | 2,697,909 | ||||||
Standard Pacific Corp. | 1,140,000 | 1,524,038 | ||||||
Steel Dynamics, Inc. | 355,000 | 392,497 | ||||||
Trinity Industries, Inc. | 3,050,000 | 3,619,969 | ||||||
Xilinx, Inc. | 1,180,000 | 1,680,025 | ||||||
|
| |||||||
Total Convertible Bonds (cost $44,772,173) |
| 55,895,465 | ||||||
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 14
Transamerica Bond
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Shares | Value | |||||||
CONVERTIBLE PREFERRED STOCKS - 2.8% |
| |||||||
United States - 2.8% | ||||||||
AES Trust III, 6.75% (A) | 10,950 | $ 550,676 | ||||||
Bank of America Corp. - Series L, 7.25% | 960 | 1,194,893 | ||||||
Cliffs Natural Resources, Inc., 7.00% (A) | 31,420 | 643,167 | ||||||
El Paso Energy Capital Trust I, 4.75% | 6,300 | 377,370 | ||||||
General Motors Co. - Series B, 4.75% (A) | 229,000 | 10,643,920 | ||||||
Goodyear Tire & Rubber Co., 5.88% (A) | 28,250 | 1,231,135 | ||||||
Health Care REIT, Inc. - Series I, 6.50% | 19,300 | 1,306,610 | ||||||
Lucent Technologies Capital Trust I, 7.75% (A) | 4,900 | 4,630,500 | ||||||
Wells Fargo & Co. - Series L, 7.50% | 1,340 | 1,768,465 | ||||||
|
| |||||||
Total Convertible Preferred Stocks (cost $21,974,267) |
| 22,346,736 | ||||||
|
| |||||||
PREFERRED STOCKS - 1.5% | ||||||||
United States - 1.5% | ||||||||
Ally Financial, Inc. 144A, 7.00% | 5,495 | 5,422,707 | ||||||
Ally Financial, Inc. - Series A, 8.50% (B) | 93,825 | 2,511,695 | ||||||
Countrywide Capital IV, 6.75% | 88,375 | 2,237,655 | ||||||
SLM Corp., 6.00% | 78,825 | 1,954,072 | ||||||
|
| |||||||
Total Preferred Stocks (cost $9,155,634) | 12,126,129 | |||||||
|
| |||||||
COMMON STOCKS - 1.1% | ||||||||
United States - 1.1% | ||||||||
Ford Motor Co. | 7,110 | 97,478 | ||||||
KB Home (A) | 181,675 | 4,094,954 | ||||||
National Fuel Gas Co. (A) | 69,815 | 4,378,797 | ||||||
Owens-Illinois, Inc. (A) (J) | 10,796 | 283,719 | ||||||
United Rentals, Inc. (A) (J) | 3,951 | 207,862 | ||||||
|
| |||||||
Total Common Stocks (cost $5,323,779) | 9,062,810 | |||||||
|
|
Shares | Value | |||||||
SECURITIES LENDING COLLATERAL - 11.8% |
| |||||||
State Street Navigator Securities Lending Trust - Prime Portfolio, 0.18% (K) | 95,689,384 | $ 95,689,384 | ||||||
|
| |||||||
Total Securities Lending Collateral |
| 95,689,384 | ||||||
|
| |||||||
Principal | Value | |||||||
REPURCHASE AGREEMENT - 3.5% |
| |||||||
State Street Bank & Trust Co. 0.03% (K), dated 04/30/2013, to be repurchased at $28,553,148 on 05/01/2013. Collateralized by U.S. Government Agency Obligations, 2.30% - 3.50%, due 06/01/2032 - 04/01/2034, and with a total | $ 28,553,125 | 28,553,125 | ||||||
|
| |||||||
Total Repurchase Agreement (cost $28,553,125) |
| 28,553,125 | ||||||
|
| |||||||
Total Investment Securities (cost $816,542,436) (L) |
| 905,680,365 | ||||||
Other Assets and Liabilities - Net | (93,636,924 | ) | ||||||
|
| |||||||
Net Assets | $ 812,043,441 | |||||||
|
|
INVESTMENTS BY INDUSTRY: | Percentage of Total Investment Securities | Value | ||||||
Foreign Government Obligations | 13.5 | % | $ | 121,898,672 | ||||
Mortgage-Backed Securities | 5.9 | 53,481,878 | ||||||
Diversified Telecommunication Services | 5.9 | 53,225,056 | ||||||
Diversified Financial Services | 4.7 | 42,673,485 | ||||||
U.S. Government Agency Obligations | 4.7 | 42,309,729 | ||||||
U.S. Government Obligations | 4.2 | 38,205,061 | ||||||
Consumer Finance | 4.1 | 36,669,067 | ||||||
Capital Markets | 3.4 | 30,901,765 | ||||||
Metals & Mining | 3.1 | 28,134,281 | ||||||
Commercial Banks | 2.9 | 25,895,539 | ||||||
Airlines | 2.7 | 24,817,238 | ||||||
Electric Utilities | 2.5 | 22,432,330 | ||||||
Household Durables | 2.4 | 21,774,049 | ||||||
Oil, Gas & Consumable Fuels | 2.2 | 19,497,277 | ||||||
Automobiles | 1.9 | 17,000,126 | ||||||
Insurance | 1.8 | 16,527,037 | ||||||
Semiconductors & Semiconductor Equipment | 1.8 | 15,973,299 | ||||||
Real Estate Investment Trusts | 1.7 | 15,436,405 | ||||||
Building Products | 1.7 | 15,122,684 | ||||||
Pharmaceuticals | 1.5 | 13,511,774 | ||||||
Communications Equipment | 1.4 | 12,751,191 | ||||||
Trading Companies & Distributors | 1.2 | 11,168,985 | ||||||
Health Care Providers & Services | 1.1 | 10,076,581 | ||||||
Aerospace & Defense | 0.9 | 8,509,126 | ||||||
Food & Staples Retailing | 0.8 | 7,299,004 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 15
Transamerica Bond
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
INVESTMENTS BY INDUSTRY (continued): | Percentage of Total Investment Securities | Value | ||||||
Chemicals | 0.7 | % | $ | 6,452,887 | ||||
Wireless Telecommunication Services | 0.7 | 6,356,838 | ||||||
Electronic Equipment & Instruments | 0.7 | 6,309,181 | ||||||
Multiline Retail | 0.6 | 5,737,272 | ||||||
Household Products | 0.6 | 5,658,500 | ||||||
Hotels, Restaurants & Leisure | 0.6 | 5,258,263 | ||||||
Paper & Forest Products | 0.5 | 4,760,459 | ||||||
Gas Utilities | 0.5 | 4,378,797 | ||||||
Food Products | 0.4 | 3,969,909 | ||||||
Specialty Retail | 0.4 | 3,710,250 | ||||||
Asset-Backed Securities | 0.4 | 3,663,865 | ||||||
Machinery | 0.4 | 3,619,969 | ||||||
Independent Power Producers & Energy Traders | 0.4 | 3,440,515 | ||||||
Software | 0.3 | 2,764,876 | ||||||
Biotechnology | 0.3 | 2,604,200 | ||||||
Personal Products | 0.3 | 2,497,059 | ||||||
Auto Components | 0.2 | 1,901,510 | ||||||
Road & Rail | 0.1 | 1,177,898 | ||||||
Energy Equipment & Services | 0.1 | 1,159,950 | ||||||
Media | 0.1 | 440,300 | ||||||
Containers & Packaging | 0.0 | (C) | 283,719 | |||||
|
|
|
| |||||
Investment Securities, at Value | 86.3 | 781,437,856 | ||||||
Short-Term Investments | 13.7 | 124,242,509 | ||||||
|
|
|
| |||||
Total Investments | 100.0 | % | $ | 905,680,365 | ||||
|
|
|
|
NOTES TO SCHEDULE OF INVESTMENTS:
(A) | All or a portion of this security is on loan. The value of all securities on loan is $93,731,997. The amount of securities on loan indicated may not correspond with the securities on loan identified because securities with pending sales are in the process of recall from the brokers. |
(B) | Floating or variable rate note. Rate is listed as of April 30, 2013. |
(C) | Percentage rounds to less than 0.1%. |
(D) | The security has a perpetual maturity. The date shown is the next call date. |
(E) | 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 $0, or less than 0.01% of the fund’s net assets. |
(F) | Payment in-kind. Securities pay interest or dividends in the form of additional bonds or preferred stock. If a security makes cash payment in addition to in-kind, the cash rate is disclosed separately. |
(G) | Illiquid. Total aggregate market value of illiquid securities is $3,764,611, or 0.46% of the fund’s net assets. |
(H) | Restricted security. At April 30, 2013, the fund owned the respective securities which were restricted as to public resale: |
Investment Securities | Description | Acquisition Date | Cost | Value | Value as % of Net Assets | |||||||||||||
Corporate Debt Securities | Mackinaw Power LLC | 06/15/2007 | $ | 1,250,348 | $ | 1,326,242 | 0.16 | % | ||||||||||
Convertible Bonds | Level 3 Communications, Inc. | 06/22/2009 | 2,094,226 | 2,438,369 | 0.30 | |||||||||||||
|
|
|
|
|
| |||||||||||||
$ | 3,344,574 | $ | 3,764,611 | 0.46 | % | |||||||||||||
|
|
|
|
|
|
(I) | In default. |
(J) | Non-income producing security. |
(K) | Rate shown reflects the yield at April 30, 2013. |
(L) | Aggregate cost for federal income tax purposes is $816,542,436. Aggregate gross unrealized appreciation and depreciation for all securities in which there is an excess of value over tax cost were $98,174,792 and $9,036,863, respectively. Net unrealized appreciation for tax purposes is $89,137,929. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 16
Transamerica Bond
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
DEFINITIONS:
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 April 30, 2013, these securities aggregated $145,037,631 or 17.86% of the fund’s net assets. | |
EMTN | European Medium Term Note | |
GMTN | Global Medium Term Note | |
MTN | Medium Term Note | |
Reg S | Security exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside the United States. Security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933. | |
REIT | Real Estate Investment Trust (includes domestic REITs and Foreign Real Estate Investment Companies) | |
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 | |
CLP | Chilean Peso | |
EUR | Euro | |
MXN | Mexican Peso | |
MYR | Malaysian Ringgit | |
NZD | New Zealand Dollar | |
PHP | Philippine Peso | |
UYU | Uruguayan Peso |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 17
Transamerica Bond
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
VALUATION SUMMARY: (M)
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
ASSETS | ||||||||||||||||
Investment Securities | ||||||||||||||||
U.S. Government Obligations | $ | — | $ | 38,205,061 | $ | — | $ | 38,205,061 | ||||||||
U.S. Government Agency Obligations | — | 42,309,729 | — | 42,309,729 | ||||||||||||
Foreign Government Obligations | — | 121,898,672 | — | 121,898,672 | ||||||||||||
Mortgage-Backed Securities | — | 53,481,878 | — | 53,481,878 | ||||||||||||
Asset-Backed Securities | — | 3,663,865 | — | 3,663,865 | ||||||||||||
Preferred Corporate Debt Security | — | 1,171,800 | — | 1,171,800 | ||||||||||||
Corporate Debt Securities | ||||||||||||||||
Australia | — | 4,878,874 | — | 4,878,874 | ||||||||||||
Austria | — | 4,223,000 | — | 4,223,000 | ||||||||||||
Belgium | — | 524,841 | — | 524,841 | ||||||||||||
Canada | — | 4,360,148 | — | 4,360,148 | ||||||||||||
Cayman Islands | — | 2,600,449 | — | 2,600,449 | ||||||||||||
Chile | — | 210,213 | — | 210,213 | ||||||||||||
France | — | 227,852 | — | 227,852 | ||||||||||||
Isle of Man | — | 2,467,745 | — | 2,467,745 | ||||||||||||
Korea, Republic of | — | 10,695,430 | — | 10,695,430 | ||||||||||||
Luxembourg | — | 25,252,286 | — | 25,252,286 | ||||||||||||
Mexico | — | 5,886,138 | — | 5,886,138 | ||||||||||||
Netherlands | — | 18,971,333 | — | 18,971,333 | ||||||||||||
Spain | — | 10,389,985 | — | 10,389,985 | ||||||||||||
United Kingdom | — | 10,771,588 | — | 10,771,588 | ||||||||||||
United States | — | 319,815,829 | 0 | 319,815,829 | ||||||||||||
Convertible Bonds | — | 55,895,465 | — | 55,895,465 | ||||||||||||
Convertible Preferred Stocks | 22,346,736 | — | — | 22,346,736 | ||||||||||||
Preferred Stocks | 12,126,129 | — | — | 12,126,129 | ||||||||||||
Common Stocks | 9,062,810 | — | — | 9,062,810 | ||||||||||||
Securities Lending Collateral | 95,689,384 | — | — | 95,689,384 | ||||||||||||
Repurchase Agreement | — | 28,553,125 | — | 28,553,125 | ||||||||||||
Total Investment Securities | $ | 139,225,059 | $ | 766,455,306 | $ | 0 | $ | 905,680,365 | ||||||||
Other Assets (N) | ||||||||||||||||
Cash | $ | 19,680 | $ | — | $ | — | $ | 19,680 | ||||||||
Foreign Currency | 128,666 | — | — | 128,666 | ||||||||||||
Total Other Assets | $ | 148,346 | $ | — | $ | — | $ | 148,346 | ||||||||
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
LIABILITIES | ||||||||||||||||
Other Liabilities (N) | ||||||||||||||||
Collateral for Securities on Loan | $ | — | $ | (95,689,384 | ) | $ | — | $ | (95,689,384 | ) | ||||||
Total Other Liabilities | $ | — | $ | (95,689,384 | ) | $ | — | $ | (95,689,384 | ) |
(M) | Transfers between levels are considered to have occurred at the end of the reporting period. There were no transfers between Levels 1 and 2 during the period ended April 30, 2013. See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
(N) | Certain assets and liabilities are held at carrying amount or face value, which approximates fair value for financial reporting purposes. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 18
Transamerica Bond
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
VALUATION SUMMARY (continued): (M)
Level 3 Rollforward - Investment Securities
Securities | Beginning 2012 | Purchases | Sales | Accrued Discounts (Premiums) | Total Realized Gain (Loss) | Net Change in Unrealized Appreciation (Depreciation) | Transfers into Level 3 | Transfers out of Level 3 | Ending Balance at April 30, 2013 (O) | Net Change in Unrealized Appreciation (Depreciation) on Investments Held at April 30, 2013 | ||||||||||||||||||||||||||||||
Corporate Debt Securities | $ | 0 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 0 | $ | — |
(O) | Inputs used in the valuation of the Level 3 securities were not considered significant unobservable inputs. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 19
Transamerica Core Bond
SCHEDULE OF INVESTMENTS
At April 30, 2013
(unaudited)
Principal | Value | |||||||
U.S. GOVERNMENT OBLIGATIONS - 12.2% |
| |||||||
U.S. Treasury Bond | ||||||||
4.50%, 02/15/2036 | $ 5,900,000 | $ 7,765,875 | ||||||
4.75%, 02/15/2037 | 1,850,000 | 2,524,961 | ||||||
5.50%, 08/15/2028 | 800,000 | 1,135,250 | ||||||
6.00%, 02/15/2026 | 200,000 | 289,969 | ||||||
6.13%, 11/15/2027 | 350,000 | 521,719 | ||||||
6.38%, 08/15/2027 | 50,000 | 75,961 | ||||||
6.63%, 02/15/2027 (A) | 150,000 | 231,258 | ||||||
6.75%, 08/15/2026 (A) | 250,000 | 386,797 | ||||||
8.50%, 02/15/2020 | 50,000 | 74,703 | ||||||
U.S. Treasury Inflation Indexed Bond 2.50%, 01/15/2029 | 2,702,650 | 3,837,341 | ||||||
U.S. Treasury Inflation Indexed Note 1.13%, 01/15/2021 | 2,122,060 | 2,493,089 | ||||||
U.S. Treasury Note | ||||||||
3.13%, 05/15/2021 | 1,100,000 | 1,252,453 | ||||||
3.25%, 03/31/2017 | 400,000 | 443,281 | ||||||
3.63%, 02/15/2021 | 300,000 | 352,969 | ||||||
U.S. Treasury STRIPS | ||||||||
0.34%, 05/15/2016 (A) (B) | 200,000 | 197,850 | ||||||
0.43%, 11/15/2016 (A) (B) | 1,150,000 | 1,131,871 | ||||||
0.47%, 02/15/2017 (B) | 1,660,000 | 1,629,164 | ||||||
0.54%, 08/15/2017 (B) | 300,000 | 292,765 | ||||||
0.58%, 11/15/2017 (A) (B) | 3,625,000 | 3,525,200 | ||||||
0.62%, 02/15/2018 (A) (B) | 2,500,000 | 2,422,692 | ||||||
0.71%, 08/15/2018 (B) | 550,000 | 528,719 | ||||||
0.87%, 05/15/2019 (A) (B) | 3,090,000 | 2,924,348 | ||||||
0.93%, 08/15/2019 (A) (B) | 2,550,000 | 2,399,298 | ||||||
1.05%, 02/15/2020 (A) (B) | 2,000,000 | 1,856,214 | ||||||
1.11%, 05/15/2020 (B) | 28,223,000 | 26,002,612 | ||||||
1.17%, 08/15/2020 (A) (B) | 26,550,000 | 24,288,736 | ||||||
1.23%, 11/15/2020 (A) (B) | 2,745,000 | 2,492,419 | ||||||
1.30%, 02/15/2021 (B) | 4,455,000 | 4,010,676 | ||||||
1.35%, 05/15/2021 (A) (B) | 10,300,000 | 9,200,269 | ||||||
1.41%, 08/15/2021 (A) (B) | 9,900,000 | 8,765,331 | ||||||
1.54%, 02/15/2022 (B) | 400,000 | 347,873 | ||||||
1.79%, 05/15/2023 (A) (B) | 1,000,000 | 831,133 | ||||||
1.92%, 02/15/2024 (B) | 75,000 | 60,586 | ||||||
1.97%, 05/15/2024 (B) | 300,000 | 240,070 | ||||||
2.01%, 08/15/2024 (B) | 975,000 | 772,666 | ||||||
2.05%, 11/15/2024 (A) (B) | 1,600,000 | 1,255,630 | ||||||
2.09%, 02/15/2025 (B) | 1,150,000 | 893,839 | ||||||
2.12%, 05/15/2025 (B) | 700,000 | 538,636 | ||||||
2.23%, 02/15/2026 (B) | 500,000 | 373,329 | ||||||
2.26%, 05/15/2026 (B) | 600,000 | 443,666 | ||||||
2.30%, 08/15/2026 (B) | 890,000 | 651,264 | ||||||
2.35%, 02/15/2027 (B) | 4,900,000 | 3,514,148 | ||||||
2.38%, 05/15/2027 (A) (B) | 850,000 | 603,460 | ||||||
2.40%, 08/15/2027 (A) (B) | 100,000 | 70,310 | ||||||
2.43%, 11/15/2027 (A) (B) | 1,350,000 | 939,568 | ||||||
2.46%, 02/15/2028 (B) | 2,261,000 | 1,558,695 | ||||||
2.48%, 05/15/2028 (B) | 100,000 | 68,252 | ||||||
2.50%, 08/15/2028 (B) | 1,000,000 | 676,057 | ||||||
2.52%, 11/15/2028 (B) | 2,600,000 | 1,740,115 | ||||||
2.55%, 02/15/2029 (B) | 2,950,000 | 1,954,169 | ||||||
2.56%, 05/15/2029 (A) (B) | 100,000 | 65,651 | ||||||
2.57%, 08/15/2029 (B) | 3,800,000 | 2,472,466 | ||||||
2.59%, 11/15/2029 (B) | 1,500,000 | 966,476 | ||||||
2.61%, 02/15/2030 (B) | 4,350,000 | 2,776,157 |
Principal | Value | |||||||
U.S. GOVERNMENT OBLIGATIONS (continued) |
| |||||||
U.S. Treasury STRIPS (continued) | ||||||||
2.63%, 05/15/2030 (A) (B) | $ 1,825,000 | $ 1,153,258 | ||||||
2.64%, 08/15/2030 (B) | 950,000 | 594,824 | ||||||
2.67%, 11/15/2030 (B) | 900,000 | 557,154 | ||||||
2.70%, 05/15/2031 (B) | 650,000 | 394,953 | ||||||
2.73%, 11/15/2031 (B) | 100,000 | 59,612 | ||||||
2.74%, 02/15/2032 (A) (B) | 650,000 | 383,858 | ||||||
2.76%, 05/15/2032 (A) (B) | 2,000,000 | 1,170,540 | ||||||
2.78%, 11/15/2032 (B) | 3,350,000 | 1,923,791 | ||||||
2.81%, 05/15/2033 (B) | 4,350,000 | 2,452,656 | ||||||
2.81%, 08/15/2033 (A) (B) | 5,000,000 | 2,792,915 | ||||||
2.83%, 11/15/2033 (A) (B) | 600,000 | 332,047 | ||||||
2.84%, 02/15/2034 (B) | 1,300,000 | 712,444 | ||||||
2.85%, 05/15/2034 (A) (B) | 400,000 | 217,273 | ||||||
2.85%, 08/15/2034 (B) | 400,000 | 215,228 | ||||||
2.88%, 02/15/2035 (A) (B) | 1,700,000 | 898,025 | ||||||
2.91%, 05/15/2036 (B) | 100,000 | 50,483 | ||||||
|
| |||||||
Total U.S. Government Obligations (cost $132,347,080) |
| 150,777,067 | ||||||
|
| |||||||
U.S. GOVERNMENT AGENCY OBLIGATIONS - 43.9% |
| |||||||
Fannie Mae | ||||||||
Zero Coupon, 06/01/2017 | 800,000 | 772,879 | ||||||
0.40%, 10/27/2037 (C) | 1,600,000 | 1,600,962 | ||||||
0.42%, 02/25/2036 - 03/25/2045 (C) | 483,512 | 479,880 | ||||||
0.44%, 10/25/2046 (C) | 477,319 | 474,875 | ||||||
0.45%, 06/27/2036 (C) | 1,715,106 | 1,700,518 | ||||||
0.49%, 07/25/2036 (C) | 439,285 | 439,881 | ||||||
0.50%, 03/25/2036 (C) | 358,289 | 359,430 | ||||||
0.55%, 08/25/2036 (C) | 385,882 | 386,388 | ||||||
0.60%, 06/25/2037 - 05/25/2042 (C) | 756,890 | 753,839 | ||||||
0.73%, 08/25/2019 (C) | 1,255,141 | 1,257,534 | ||||||
0.75%, 08/01/2022 - 08/25/2041 (C) | 2,427,004 | 2,440,484 | ||||||
0.80%, 04/25/2040 (C) | 1,817,691 | 1,833,888 | ||||||
0.94%, 01/01/2019 (C) | 1,081,081 | 1,096,086 | ||||||
1.84%, 07/01/2037 (C) | 195,668 | 209,275 | ||||||
1.92%, 09/01/2036 (C) | 115,243 | 121,423 | ||||||
1.96%, 02/01/2037 (C) | 219,066 | 230,789 | ||||||
2.03%, 02/01/2037 (C) | 87,958 | 92,487 | ||||||
2.03%, 08/01/2019 | 2,233,000 | 2,315,222 | ||||||
2.30%, 11/01/2037 (C) | 200,208 | 213,547 | ||||||
2.56%, 11/01/2037 (C) | 177,117 | 189,712 | ||||||
2.64%, 04/01/2037 (C) | 80,303 | 85,827 | ||||||
2.68%, 10/01/2036 (C) | 164,239 | 176,558 | ||||||
2.75%, 09/01/2036 (C) | 309,194 | 330,010 | ||||||
2.76%, 04/01/2036 (C) | 209,648 | 225,856 | ||||||
2.82%, 12/01/2036 (C) | 156,441 | 168,696 | ||||||
2.83%, 06/01/2036 (C) | 231,939 | 248,824 | ||||||
2.85%, 07/01/2037 (C) | 160,340 | 171,957 | ||||||
2.88%, 07/01/2037 (C) | 140,082 | 150,219 | ||||||
2.90%, 11/01/2036 (C) | 343,376 | 370,111 | ||||||
2.94%, 05/01/2036 - 12/01/2036 (C) | 816,739 | 873,678 | ||||||
2.95%, 09/01/2036 (C) | 93,519 | 100,347 | ||||||
3.05%, 12/25/2039 (C) | 761,764 | 820,754 | ||||||
3.10%, 03/01/2036 (C) | 1,084,038 | 1,154,935 | ||||||
3.12%, 01/01/2022 | 2,000,000 | 2,163,319 | ||||||
3.12%, 09/01/2037 (C) | 3,554 | 3,806 | ||||||
3.18%, 11/01/2036 (C) | 83,642 | 89,474 | ||||||
3.23%, 11/01/2020 | 695,289 | 758,129 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 20
Transamerica Core Bond
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Principal | Value | |||||||
U.S. GOVERNMENT AGENCY OBLIGATIONS (continued) |
| |||||||
Fannie Mae (continued) | ||||||||
3.27%, 11/01/2020 | $ 1,990,549 | $ 2,172,519 | ||||||
3.39%, 03/01/2036 (C) | 351,403 | 375,391 | ||||||
3.43%, 11/01/2020 | 4,800,000 | 5,286,537 | ||||||
3.50%, 09/01/2020 | 1,923,755 | 2,127,001 | ||||||
3.59%, 10/01/2021 | 2,000,000 | 2,225,060 | ||||||
3.73%, 06/25/2021 | 3,500,000 | 3,888,199 | ||||||
3.76%, 06/25/2021 - 07/25/2021 | 10,500,000 | 11,570,958 | ||||||
3.77%, 08/01/2037 (C) | 235,185 | 249,899 | ||||||
3.77%, 01/01/2021 | 1,494,460 | 1,678,668 | ||||||
3.86%, 07/01/2021 | 1,950,067 | 2,207,195 | ||||||
3.87%, 08/01/2021 | 1,958,044 | 2,216,441 | ||||||
3.88%, 09/01/2021 | 3,126,602 | 3,557,267 | ||||||
3.89%, 07/01/2021 | 6,000,000 | 6,804,267 | ||||||
3.92%, 08/01/2021 | 2,300,000 | 2,614,251 | ||||||
3.95%, 07/01/2021 | 7,000,000 | 7,969,556 | ||||||
3.97%, 06/01/2021 | 2,449,418 | 2,789,624 | ||||||
3.98%, 08/01/2021 | 4,837,676 | 5,498,588 | ||||||
3.99%, 07/01/2021 - 07/01/2026 | 6,544,135 | 7,412,729 | ||||||
4.00%, 04/01/2020 | 285,283 | 298,929 | ||||||
4.02%, 08/01/2021 | 3,880,989 | 4,437,344 | ||||||
4.05%, 01/01/2021 | 6,065,000 | 6,945,149 | ||||||
4.06%, 07/01/2021 | 6,000,000 | 6,876,529 | ||||||
4.13%, 08/01/2021 | 1,467,376 | 1,687,466 | ||||||
4.16%, 03/01/2021 | 2,426,264 | 2,792,721 | ||||||
4.22%, 07/01/2021 | 8,300,000 | 9,590,613 | ||||||
4.25%, 04/01/2021 | 2,500,000 | 2,898,345 | ||||||
4.26%, 07/01/2021 | 2,500,000 | 2,898,011 | ||||||
4.28%, 01/01/2020 | 1,428,202 | 1,638,558 | ||||||
4.30%, 01/01/2021 | 1,459,239 | 1,704,313 | ||||||
4.34%, 06/01/2021 | 7,000,000 | 8,161,316 | ||||||
4.36%, 05/01/2021 | 2,000,000 | 2,328,814 | ||||||
4.45%, 07/01/2026 | 1,469,173 | 1,705,045 | ||||||
4.48%, 06/01/2021 | 2,180,000 | 2,561,306 | ||||||
4.50%, 09/25/2018 - 10/25/2039 | 5,808,530 | 6,521,015 | ||||||
4.54%, 01/01/2020 | 958,411 | 1,116,262 | ||||||
4.55%, 06/25/2043 | 233,905 | 252,714 | ||||||
4.75%, 09/25/2018 | 564,748 | 602,574 | ||||||
5.00%, 01/25/2018 - 09/25/2040 | 9,883,034 | 10,961,453 | ||||||
5.24%, 05/01/2017 | 5,933,504 | 6,641,804 | ||||||
5.50%, 01/01/2018 - 10/25/2040 | 31,333,461 | 35,333,614 | ||||||
5.61%, 01/25/2032 (C) | 216,699 | 236,950 | ||||||
5.75%, 08/25/2034 | 1,000,000 | 1,114,732 | ||||||
5.81%, 09/01/2037 (C) | 140,645 | 152,561 | ||||||
5.87%, 05/25/2051 (C) | 1,146,038 | 1,282,944 | ||||||
5.94%, 06/25/2040 (C) | 499,580 | 570,922 | ||||||
6.00%, 03/01/2019 - 12/25/2049 | 31,786,600 | 35,539,911 | ||||||
6.17%, 02/25/2040 (C) | 650,307 | 720,902 | ||||||
6.24%, 08/01/2036 (C) | 72,326 | 79,126 | ||||||
6.25%, 09/25/2038 | 316,440 | 356,601 | ||||||
6.45%, 03/25/2040 (C) | 616,092 | 707,707 | ||||||
6.50%, 06/01/2023 - 07/25/2042 | 10,600,212 | 12,004,037 | ||||||
6.75%, 04/25/2037 | 487,624 | 535,672 | ||||||
6.86%, 12/25/2042 (C) | 223,946 | 269,322 | ||||||
7.00%, 12/25/2033 - 02/25/2044 | 10,618,373 | 12,472,571 | ||||||
7.50%, 05/17/2024 - 12/25/2045 | 2,691,260 | 3,201,038 | ||||||
8.00%, 02/25/2023 - 10/01/2031 | 1,938,518 | 2,330,975 | ||||||
8.42%, 11/25/2037 (C) | 899,292 | 1,079,932 | ||||||
12.26%, 03/25/2040 (C) | 981,582 | 1,157,817 |
Principal | Value | |||||||
U.S. GOVERNMENT AGENCY OBLIGATIONS (continued) |
| |||||||
Fannie Mae (continued) | ||||||||
15.80%, 01/25/2034 (C) | $ 91,605 | $ 116,678 | ||||||
16.38%, 08/25/2035 - 10/25/2035 (C) | 342,517 | 453,576 | ||||||
17.00%, 04/25/2040 (C) | 398,462 | 559,893 | ||||||
17.32%, 09/25/2024 (C) | 467,812 | 606,089 | ||||||
18.97%, 05/25/2034 (C) | 353,810 | 487,779 | ||||||
19.58%, 05/25/2035 (C) | 613,075 | 842,162 | ||||||
22.00%, 04/25/2037 (C) | 401,781 | 545,449 | ||||||
23.83%, 11/25/2035 (C) | 299,116 | 452,167 | ||||||
Fannie Mae, IO | ||||||||
0.64%, 10/25/2016 (C) | 395,747 | 3,426 | ||||||
1.75%, 01/25/2038 (C) | 241,440 | 15,937 | ||||||
3.00%, 01/25/2021 | 2,636,066 | 175,961 | ||||||
3.54%, 04/25/2041 (C) | 2,093,087 | 153,749 | ||||||
4.00%, 10/25/2014 | 1,157,597 | 43,784 | ||||||
4.24%, 11/25/2040 (C) | 3,803,836 | 399,421 | ||||||
4.80%, 07/25/2040 (C) | 4,596,628 | 703,060 | ||||||
5.00%, 07/25/2039 | 371,080 | 33,050 | ||||||
5.50%, 10/25/2039 | 738,603 | 87,629 | ||||||
5.70%, 10/25/2039 (C) | 518,842 | 63,675 | ||||||
5.80%, 02/25/2038 - 06/25/2039 (C) | 5,361,063 | 683,028 | ||||||
5.98%, 12/25/2039 (C) | 135,325 | 14,878 | ||||||
6.05%, 01/25/2040 (C) | 1,801,563 | 181,443 | ||||||
6.15%, 12/25/2037 (C) | 3,116,727 | 403,136 | ||||||
6.20%, 07/25/2037 - 05/25/2040 (C) | 4,222,112 | 546,119 | ||||||
6.22%, 04/25/2040 (C) | 896,241 | 114,504 | ||||||
6.25%, 10/25/2037 - 12/25/2037 (C) | 1,337,853 | 188,347 | ||||||
6.42%, 07/25/2037 (C) | 1,282,337 | 141,177 | ||||||
6.45%, 10/25/2026 - 03/25/2039 (C) | 3,300,594 | 540,802 | ||||||
6.50%, 03/25/2036 (C) | 3,232,302 | 694,079 | ||||||
6.79%, 03/25/2038 (C) | 727,159 | 133,223 | ||||||
6.90%, 02/25/2040 (C) | 791,341 | 108,551 | ||||||
Fannie Mae, PO | 11,531,695 | 10,990,462 | ||||||
Fannie Mae STRIPS | ||||||||
Zero Coupon, 11/15/2021 | 1,000,000 | 831,949 | ||||||
0.75%, 08/25/2042 (C) | 1,947,775 | 1,957,764 | ||||||
Fannie Mae STRIPS, IO | 2,516,737 | 323,494 | ||||||
Fannie Mae STRIPS, PO | 2,071,419 | 1,969,140 | ||||||
Federal Farm Credit Banks 5.13%, 11/15/2018 | 1,291,000 | 1,570,762 | ||||||
Financing Corp. Fico STRIPS, PO | 500,000 | 456,265 | ||||||
Freddie Mac | ||||||||
0.45%, 08/15/2023 (C) | 766,394 | 764,880 | ||||||
0.50%, 06/15/2024 - 03/15/2036 (C) | 1,197,568 | 1,200,159 | ||||||
0.55%, 07/15/2034 (C) | 976,762 | 979,826 | ||||||
0.60%, 02/15/2033 - 07/15/2037 (C) | 3,801,534 | 3,810,419 | ||||||
1.40%, 07/15/2039 (C) | 415,285 | 422,560 | ||||||
2.18%, 05/01/2037 (C) | 203,633 | 216,521 | ||||||
2.23%, 10/01/2036 (C) | 234,083 | 250,156 | ||||||
2.26%, 04/01/2037 (C) | 45,469 | 48,279 | ||||||
2.55%, 10/01/2037 (C) | 127,848 | 136,039 | ||||||
2.62%, 12/01/2036 (C) | 547,815 | 586,047 | ||||||
2.64%, 11/01/2036 (C) | 217,278 | 231,974 | ||||||
2.67%, 05/01/2037 (C) | 163,958 | 176,049 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 21
Transamerica Core Bond
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Principal | Value | |||||||
U.S. GOVERNMENT AGENCY OBLIGATIONS (continued) |
| |||||||
Freddie Mac (continued) | ||||||||
2.72%, 12/01/2036 (C) | $ 479,181 | $ 514,936 | ||||||
2.82%, 05/01/2038 (C) | 128,668 | 138,319 | ||||||
2.91%, 05/01/2037 - 09/01/2037 (C) | 323,161 | 348,199 | ||||||
2.97%, 04/01/2037 (C) | 118,375 | 126,653 | ||||||
3.05%, 03/01/2037 (C) | 290,143 | 311,043 | ||||||
3.07%, 11/01/2036 (C) | 57,046 | 61,218 | ||||||
3.13%, 11/01/2036 (C) | 622,063 | 663,849 | ||||||
3.22%, 12/01/2031 (C) | 782,156 | 844,669 | ||||||
3.29%, 05/01/2037 (C) | 658,222 | 704,130 | ||||||
3.34%, 05/01/2036 (C) | 147,532 | 157,611 | ||||||
3.38%, 10/25/2037 (C) | 852,082 | 862,698 | ||||||
3.47%, 03/01/2036 (C) | 949,623 | 1,029,159 | ||||||
3.50%, 06/01/2042 | 1,943,231 | 2,081,781 | ||||||
4.00%, 01/15/2018 - 12/15/2041 | 3,385,693 | 3,640,910 | ||||||
4.50%, 06/15/2018 - 05/01/2041 | 32,821,646 | 35,486,708 | ||||||
4.89%, 02/01/2036 (C) | 1,729,475 | 1,867,194 | ||||||
5.00%, 10/01/2018 - 07/15/2041 | 12,622,854 | 14,330,475 | ||||||
5.02%, 01/01/2035 (C) | 1,317,756 | 1,425,426 | ||||||
5.04%, 07/01/2036 (C) | 1,029,444 | 1,114,049 | ||||||
5.23%, 05/25/2043 | 1,575,593 | 1,769,035 | ||||||
5.30%, 01/15/2033 | 1,360,563 | 1,503,680 | ||||||
5.50%, 02/01/2018 - 05/15/2041 (C) | 4,007,213 | 4,332,147 | ||||||
5.50%, 04/01/2018 - 01/15/2039 | 14,502,126 | 15,993,263 | ||||||
5.57%, 06/01/2037 (C) | 199,844 | 216,160 | ||||||
5.68%, 04/01/2037 (C) | 24,846 | 26,816 | ||||||
5.70%, 10/15/2038 (C) | 1,166,960 | 1,300,124 | ||||||
5.75%, 10/15/2035 | 672,178 | 708,572 | ||||||
6.00%, 05/01/2017 - 06/15/2038 | 11,186,141 | 12,247,962 | ||||||
6.25%, 10/15/2023 | 724,561 | 807,871 | ||||||
6.38%, 02/01/2037 (C) | 96,076 | 103,666 | ||||||
6.48%, 10/01/2037 (C) | 244,711 | 270,362 | ||||||
6.50%, 08/15/2021 - 02/25/2043 | 10,028,074 | 11,409,601 | ||||||
6.50%, 09/25/2043 (C) | 224,637 | 255,812 | ||||||
6.78%, 11/15/2021 (C) | 861,892 | 927,301 | ||||||
7.00%, 12/15/2036 - 07/25/2043 | 2,624,995 | 3,164,318 | ||||||
7.18%, 11/15/2046 (C) | 2,148,051 | 2,646,444 | ||||||
7.50%, 11/15/2036 - 09/25/2043 | 3,709,722 | 4,447,324 | ||||||
8.00%, 06/15/2035 (C) | 232,897 | 240,544 | ||||||
8.50%, 09/01/2015 | 49,945 | 52,566 | ||||||
8.77%, 11/15/2033 (C) | 211,944 | 226,370 | ||||||
10.00%, 03/17/2026 - 10/01/2030 | 887,386 | 1,004,443 | ||||||
11.00%, 02/17/2021 | 265,019 | 275,318 | ||||||
14.49%, 06/15/2033 (C) | 121,737 | 148,621 | ||||||
16.84%, 02/15/2040 (C) | 500,000 | 760,515 | ||||||
16.95%, 02/15/2038 (C) | 73,975 | 96,464 | ||||||
19.62%, 07/15/2035 (C) | 100,214 | 135,396 | ||||||
20.41%, 08/15/2031 (C) | 143,486 | 213,867 | ||||||
21.21%, 05/15/2035 (C) | 120,051 | 166,077 | ||||||
23.86%, 06/15/2035 (C) | 123,574 | 195,621 | ||||||
Freddie Mac, IO | ||||||||
3.46%, 01/15/2040 (C) | 2,396,152 | 109,146 | ||||||
3.50%, 09/15/2024 | 1,181,399 | 62,907 | ||||||
4.00%, 11/15/2029 - 10/15/2037 | 11,209,650 | 637,905 | ||||||
4.50%, 12/15/2024 - 07/15/2037 | 5,455,035 | 359,326 | ||||||
5.00%, 04/15/2032 - 08/15/2040 | 6,495,141 | 825,221 | ||||||
5.50%, 07/15/2037 | 304,757 | 18,900 | ||||||
5.80%, 11/15/2037 - 10/15/2040 (C) | 4,164,414 | 853,713 | ||||||
5.85%, 05/15/2038 (C) | 1,590,023 | 198,414 |
Principal | Value | |||||||
U.S. GOVERNMENT AGENCY OBLIGATIONS (continued) |
| |||||||
Freddie Mac, IO (continued) | ||||||||
5.90%, 05/15/2039 (C) | $ 1,332,902 | $ 178,293 | ||||||
6.05%, 12/15/2039 (C) | 1,679,223 | 202,762 | ||||||
6.14%, 12/15/2039 (C) | 1,496,372 | 266,379 | ||||||
6.20%, 01/15/2037 (C) | 718,161 | 84,482 | ||||||
6.25%, 11/15/2037 (C) | 111,492 | 15,832 | ||||||
6.50%, 01/15/2019 (C) | 241,037 | 4,128 | ||||||
6.60%, 09/15/2039 (C) | 922,156 | 155,473 | ||||||
Freddie Mac, PO | 11,852,766 | 11,186,995 | ||||||
Freddie Mac STRIPS | ||||||||
0.70%, 08/15/2042 (C) | 1,454,023 | 1,479,957 | ||||||
0.75%, 07/15/2042 (C) | 1,946,868 | 1,956,717 | ||||||
3.50%, 07/15/2042 | 2,917,603 | 3,040,558 | ||||||
Freddie Mac STRIPS, PO | 398,013 | 391,430 | ||||||
Ginnie Mae | ||||||||
0.40%, 04/16/2037 (C) | 166,731 | 167,238 | ||||||
0.65%, 03/20/2060 (C) | 980,030 | 979,115 | ||||||
0.85%, 05/20/2061 (C) | 1,498,323 | 1,505,913 | ||||||
0.90%, 05/20/2061 (C) | 1,679,234 | 1,688,300 | ||||||
5.50%, 05/16/2019 - 09/20/2039 | 7,936,245 | 9,225,901 | ||||||
5.75%, 02/20/2036 - 10/20/2037 | 2,177,813 | 2,478,062 | ||||||
5.84%, 10/20/2033 (C) | 623,755 | 707,669 | ||||||
6.00%, 11/20/2033 - 12/20/2039 | 2,469,925 | 2,842,299 | ||||||
6.13%, 06/16/2031 | 1,584,000 | 1,805,993 | ||||||
6.50%, 04/20/2028 - 12/15/2035 | 3,151,991 | 3,702,809 | ||||||
7.00%, 09/15/2031 - 10/16/2040 | 2,426,047 | 2,894,511 | ||||||
7.00%, 09/20/2034 (C) | 47,302 | 49,635 | ||||||
7.44%, 03/17/2033 (C) | 164,154 | 173,043 | ||||||
7.50%, 09/16/2035 - 10/15/2037 | 739,005 | 861,520 | ||||||
8.80%, 04/20/2034 (C) | 246,214 | 262,056 | ||||||
14.34%, 11/17/2032 (C) | 85,477 | 108,410 | ||||||
16.92%, 02/20/2034 (C) | 73,387 | 116,849 | ||||||
22.58%, 04/20/2037 (C) | 508,208 | 719,919 | ||||||
Ginnie Mae, IO | ||||||||
4.00%, 09/16/2037 | 3,953,158 | 380,504 | ||||||
5.63%, 02/20/2038 (C) | 279,474 | 38,135 | ||||||
5.70%, 09/20/2038 (C) | 2,080,821 | 273,153 | ||||||
5.75%, 02/20/2039 - 06/20/2039 (C) | 900,270 | 117,191 | ||||||
5.80%, 02/20/2038 (C) | 2,666,160 | 388,215 | ||||||
5.84%, 02/20/2039 (C) | 297,273 | 38,589 | ||||||
5.85%, 08/16/2039 (C) | 1,681,837 | 204,570 | ||||||
5.89%, 09/20/2039 (C) | 1,906,949 | 240,319 | ||||||
5.90%, 11/20/2034 - 08/20/2039 (C) | 5,052,524 | 654,326 | ||||||
5.95%, 07/20/2038 (C) | 1,900,098 | 277,578 | ||||||
6.00%, 03/20/2037 - 06/20/2038 (C) | 4,151,821 | 582,749 | ||||||
6.10%, 03/20/2039 (C) | 279,565 | 29,043 | ||||||
6.20%, 12/20/2038 - 11/16/2039 (C) | 3,195,381 | 435,065 | ||||||
6.33%, 12/20/2037 (C) | 134,295 | 20,621 | ||||||
6.35%, 11/16/2033 - 11/20/2037 (C) | 425,514 | 76,756 | ||||||
6.40%, 05/20/2041 (C) | 1,188,524 | 162,506 | ||||||
6.45%, 09/20/2033 (C) | 1,159,327 | 62,388 | ||||||
6.48%, 07/20/2037 (C) | 1,225,299 | 193,936 | ||||||
6.50%, 03/20/2039 | 180,562 | 31,401 | ||||||
6.50%, 06/20/2037 (C) | 2,071,091 | 330,740 | ||||||
7.10%, 12/20/2038 (C) | 1,390,315 | 218,649 | ||||||
7.40%, 09/20/2038 (C) | 162,736 | 28,682 | ||||||
7.50%, 04/16/2038 (C) | 95,319 | 12,758 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 22
Transamerica Core Bond
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Principal | Value | |||||||
U.S. GOVERNMENT AGENCY OBLIGATIONS (continued) |
| |||||||
Ginnie Mae, PO | $ 4,192,703 | $ 3,885,172 | ||||||
Government Trust Certificate Zero Coupon, 10/01/2015 - 04/01/2020 | 19,890,000 | 18,178,379 | ||||||
NCUA Guaranteed Notes | ||||||||
Series 2010-A1, Class A | ||||||||
0.55%, 12/07/2020 (C) | 186,920 | 187,466 | ||||||
Series 2010-R3, Class 3A | ||||||||
2.40%, 12/08/2020 | 340,889 | 348,560 | ||||||
Residual Funding Corp., Principal STRIPS, PO Zero Coupon, | 4,900,000 | 4,456,972 | ||||||
Tennessee Valley Authority | ||||||||
4.63%, 09/15/2060 | 236,000 | 271,572 | ||||||
5.25%, 09/15/2039 | 40,000 | 51,159 | ||||||
5.88%, 04/01/2036 | 2,325,000 | 3,191,028 | ||||||
Tennessee Valley Authority Generic STRIPS Zero Coupon, 05/01/2019 | 500,000 | 453,158 | ||||||
Tennessee Valley Authority Principal STRIPS Zero Coupon, 11/01/2025 | 2,000,000 | 1,381,594 | ||||||
|
| |||||||
Total U.S. Government Agency Obligations (cost $521,059,668) |
| 544,564,882 | ||||||
|
| |||||||
FOREIGN GOVERNMENT OBLIGATIONS - 2.9% |
| |||||||
African Development Bank 8.80%, 09/01/2019 | 500,000 | 678,792 | ||||||
Corp. Andina de Fomento 3.75%, 01/15/2016 | 795,000 | 844,080 | ||||||
Israel Government AID Bond | ||||||||
Zero Coupon, 03/15/2019 - 09/15/2020 | 31,996,000 | 29,299,641 | ||||||
Series 2010-Z | ||||||||
Zero Coupon, 02/15/2025 | 2,250,000 | 1,624,194 | ||||||
Series 2011-Z | ||||||||
Zero Coupon, 11/15/2026 | 1,400,000 | 933,611 | ||||||
Mexico Government International Bond Series 2012-1, Class A2 5.75%, 10/12/2110 | 550,000 | 647,900 | ||||||
Mexico Government International Bond, Series GMTN 4.75%, 03/08/2044 | 688,000 | 761,272 | ||||||
Province of Ontario Canada 1.65%, 09/27/2019 | 780,000 | 786,084 | ||||||
Province of Quebec Canada, Series MTN 6.35%, 01/30/2026 | 285,000 | 392,968 | ||||||
|
| |||||||
Total Foreign Government Obligations (cost $33,562,421) | 35,968,542 | |||||||
|
| |||||||
MORTGAGE-BACKED SECURITIES - 13.6% |
| |||||||
A10 Securitization LLC Series 2012-1, Class A 3.49%, 04/15/2024 - 144A | 954,299 | 968,345 | ||||||
American General Mortgage Loan Trust | ||||||||
Series 2006-1, Class A5 | ||||||||
5.75%, 12/25/2035 - 144A (C) | 271,596 | 282,556 | ||||||
Series 2009-1, Class A5 | ||||||||
5.75%, 09/25/2048 - 144A (C) | 1,035,267 | 1,044,844 | ||||||
Series 2009-1, Class A7 | ||||||||
5.75%, 09/25/2048 - 144A (C) | 1,900,000 | 2,012,769 | ||||||
Series 2010-1A, Class A1 | ||||||||
5.15%, 03/25/2058 - 144A (C) | 561,733 | 577,128 |
Principal | Value | |||||||
MORTGAGE-BACKED SECURITIES (continued) |
| |||||||
American General Mortgage Loan Trust (continued) | ||||||||
Series 2010-1A, Class A3 | ||||||||
5.65%, 03/25/2058 - 144A (C) | $ 1,139,925 | $ 1,200,257 | ||||||
ASG Resecuritization Trust | ||||||||
Series 2009-1, Class A60 | ||||||||
2.45%, 06/26/2037 - 144A (C) | 109,609 | 108,005 | ||||||
Series 2009-2, Class A55 | ||||||||
4.94%, 05/24/2036 - 144A (C) | 134,871 | 138,346 | ||||||
Series 2009-2, Class G60 | ||||||||
4.94%, 05/24/2036 - 144A (C) | 400,000 | 423,180 | ||||||
Series 2009-3, Class A65 | ||||||||
2.29%, 03/26/2037 - 144A (C) | 1,037,033 | 1,035,700 | ||||||
Series 2009-4, Class A60 | ||||||||
6.00%, 06/28/2037 - 144A | 140,449 | 146,435 | ||||||
Series 2010-3, Class 2A22 | ||||||||
0.40%, 10/28/2036 - 144A (C) | 252,862 | 250,966 | ||||||
Series 2010-4, Class 2A20 | ||||||||
0.36%, 11/28/2036 - 144A (C) | 201,469 | 199,454 | ||||||
Series 2011-1, Class 3A50 | ||||||||
2.60%, 11/28/2035 - 144A (C) | 450,819 | 440,607 | ||||||
Banc of America Alternative Loan Trust | ||||||||
Series 2003-11, Class 1A1 | ||||||||
6.00%, 01/25/2034 | 136,805 | 142,411 | ||||||
Series 2003-11, Class 2A1 | ||||||||
6.00%, 01/25/2034 | 174,902 | 182,655 | ||||||
Series 2003-7, Class 2A4 | ||||||||
5.00%, 09/25/2018 | 295,909 | 302,596 | ||||||
Series 2003-9, Class 1CB2 | ||||||||
5.50%, 11/25/2033 | 130,061 | 133,464 | ||||||
Series 2004-1, Class 1A1 | ||||||||
6.00%, 02/25/2034 | 558,989 | 573,153 | ||||||
Series 2004-1, Class 5A1 | ||||||||
5.50%, 02/25/2019 | 62,709 | 63,958 | ||||||
Series 2004-6, Class 3A2 | ||||||||
6.00%, 07/25/2034 | 95,164 | 95,787 | ||||||
Series 2004-8, Class 3A1 | ||||||||
5.50%, 09/25/2019 | 86,924 | 91,466 | ||||||
Banc of America Funding Corp. | ||||||||
Series 2004-3, Class 1A1 | ||||||||
5.50%, 10/25/2034 | 619,974 | 635,028 | ||||||
Series 2004-C, Class 1A1 | ||||||||
5.06%, 12/20/2034 (C) | 158,669 | 158,662 | ||||||
Series 2005-E, Class 4A1 | ||||||||
2.68%, 03/20/2035 (C) | 2,094,166 | 2,065,361 | ||||||
Series 2010-R11A, Class 1A6 | ||||||||
5.35%, 08/26/2035 - 144A (C) | 675,682 | 713,770 | ||||||
Series 2010-R4, Class 5A1 | ||||||||
0.35%, 07/26/2036 - 144A (C) | 94,729 | 93,995 | ||||||
Series 2010-R5, Class 1A1 | ||||||||
5.50%, 10/26/2037 - 144A | 691,586 | 716,859 | ||||||
Series 2012-R6, Class 1A1 | ||||||||
3.00%, 10/26/2039 - 144A | 471,322 | 467,085 | ||||||
Banc of America Merrill Lynch Commercial Mortgage, Inc. | ||||||||
Series 2005-3, Class AM | ||||||||
4.73%, 07/10/2043 | 800,000 | 852,508 | ||||||
Series 2006-3, Class A4 | ||||||||
5.89%, 07/10/2044 (C) | 600,000 | 678,851 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 23
Transamerica Core Bond
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Principal | Value | |||||||
MORTGAGE-BACKED SECURITIES (continued) |
| |||||||
Banc of America Merrill Lynch Commercial Mortgage, Inc. (continued) | ||||||||
Series 2006-4, Class A4 | ||||||||
5.63%, 07/10/2046 | $ 500,000 | $ 562,353 | ||||||
Series 2006-5, Class A4 | ||||||||
5.41%, 09/10/2047 | 225,000 | 251,844 | ||||||
Banc of America Mortgage Securities, Inc. |
| |||||||
Series 2003-3, Class 2A1 | ||||||||
0.75%, 05/25/2018 (C) | 67,536 | 64,663 | ||||||
Series 2003-4, Class 2A1 | ||||||||
0.75%, 06/25/2018 (C) | 238,133 | 233,166 | ||||||
Series 2003-6, Class 2A1 | ||||||||
0.65%, 08/25/2018 (C) | 96,076 | 92,223 | ||||||
Series 2003-C, Class 3A1 | ||||||||
2.87%, 04/25/2033 (C) | 251,510 | 257,269 | ||||||
Series 2003-E, Class 2A2 | ||||||||
3.14%, 06/25/2033 (C) | 373,036 | 376,396 | ||||||
Series 2004-3, Class 1A26 | ||||||||
5.50%, 04/25/2034 | 950,802 | 966,257 | ||||||
Series 2004-3, Class 3A1 | ||||||||
5.00%, 04/25/2019 | 84,580 | 86,709 | ||||||
Series 2004-5, Class 4A1 | ||||||||
4.75%, 06/25/2019 | 60,776 | 63,064 | ||||||
Series 2004-C, Class 2A2 | ||||||||
2.91%, 04/25/2034 (C) | 742,854 | 752,096 | ||||||
BCAP LLC Trust |
| |||||||
Series 2009-RR10, Class 17A1 | ||||||||
5.75%, 06/26/2037 - 144A | 88,980 | 92,014 | ||||||
Series 2009-RR13, Class 17A2 | ||||||||
5.50%, 04/26/2037 - 144A (C) | 405,522 | 399,364 | ||||||
Series 2009-RR14, Class 3A2 | ||||||||
2.88%, 08/26/2035 - 144A (C) | 499,975 | 463,481 | ||||||
Series 2009-RR5, Class 8A1 | ||||||||
5.50%, 11/26/2034 - 144A | 365,052 | 380,567 | ||||||
Series 2010-RR12, Class 2A5 | ||||||||
4.50%, 01/26/2036 - 144A (C) | 597,153 | 605,960 | ||||||
Series 2010-RR4, Class 12A1 | ||||||||
4.00%, 07/26/2036 - 144A (C) | 413,927 | 413,350 | ||||||
Series 2010-RR5, Class 2A5 | ||||||||
5.28%, 04/26/2037 - 144A (C) | 645,632 | 652,734 | ||||||
Series 2010-RR6, Class 22A3 | ||||||||
4.80%, 06/26/2036 - 144A (C) | 494,239 | 515,029 | ||||||
Series 2010-RR6, Class 5A1 | ||||||||
3.87%, 11/26/2037 - 144A (C) | 154,546 | 154,198 | ||||||
Series 2010-RR7, Class 15A1 | ||||||||
1.00%, 01/26/2036 - 144A (C) | 248,359 | 242,505 | ||||||
Series 2010-RR7, Class 16A1 | ||||||||
0.88%, 02/26/2047 - 144A (C) | 449,195 | 433,537 | ||||||
Series 2010-RR7, Class 1A5 | ||||||||
5.00%, 04/26/2035 - 144A (C) | 537,386 | 525,838 | ||||||
Series 2010-RR7, Class 2A1 | ||||||||
2.50%, 07/26/2045 - 144A (C) | 1,005,027 | 967,685 | ||||||
Series 2010-RR8, Class 3A3 | ||||||||
5.06%, 05/26/2035 - 144A (C) | 330,543 | 333,281 | ||||||
Series 2010-RR8, Class 3A4 | ||||||||
5.06%, 05/26/2035 - 144A (C) | 773,000 | 720,937 | ||||||
Series 2011-RR10, Class 2A1 | ||||||||
1.06%, 09/26/2037 - 144A (C) | 2,032,033 | 1,813,687 | ||||||
Series 2011-RR4, Class 6A3 | ||||||||
5.00%, 08/26/2037 - 144A (C) | 799,950 | 785,351 |
Principal | Value | |||||||
MORTGAGE-BACKED SECURITIES (continued) |
| |||||||
BCAP LLC Trust (continued) |
| |||||||
Series 2011-RR5, Class 11A3 | ||||||||
0.35%, 05/28/2036 - 144A (C) | $ 840,959 | $ 776,013 | ||||||
Series 2011-RR5, Class 14A3 | ||||||||
2.88%, 07/26/2036 - 144A (C) | 476,337 | 472,982 | ||||||
Series 2012-RR10 | ||||||||
0.39%, 05/26/2036 - 144A (C) | 867,909 | 806,743 | ||||||
Series 2012-RR2, Class 1A1 | ||||||||
0.37%, 08/26/2036 - 144A (C) | 1,162,581 | 1,114,145 | ||||||
Series 2012-RR3, Class 2A5 | ||||||||
2.47%, 05/26/2037 - 144A (C) | 1,454,338 | 1,431,438 | ||||||
Bear Stearns Adjustable Rate Mortgage Trust | ||||||||
Series 2003-4, Class 3A1 | ||||||||
4.85%, 07/25/2033 (C) | 157,859 | 156,488 | ||||||
Series 2004-2, Class 14A | ||||||||
5.08%, 05/25/2034 (C) | 177,282 | 178,808 | ||||||
Bear Stearns Alt-A Trust | 386,884 | 383,256 | ||||||
Bear Stearns Commercial Mortgage Securities | 200,000 | 222,347 | ||||||
Bear Stearns Commercial Mortgage Securities, IO | 13,302,122 | 175,229 | ||||||
Chase Mortgage Finance Corp. | ||||||||
Series 2004-S3, Class 2A5 | ||||||||
5.50%, 03/25/2034 | 601,309 | 627,395 | ||||||
Series 2007-A1, Class 1A3 | ||||||||
2.98%, 02/25/2037 (C) | 2,266,643 | 2,260,566 | ||||||
Series 2007-A1, Class 2A1 | ||||||||
2.99%, 02/25/2037 (C) | 514,564 | 523,112 | ||||||
Series 2007-A1, Class 7A1 | ||||||||
2.93%, 02/25/2037 (C) | 396,620 | 391,494 | ||||||
Series 2007-A1, Class 9A1 | ||||||||
2.96%, 02/25/2037 (C) | 168,716 | 170,872 | ||||||
Series 2007-A2, Class 1A1 | ||||||||
2.99%, 07/25/2037 (C) | 104,522 | 105,025 | ||||||
Series 2007-A2, Class 2A1 | ||||||||
3.02%, 07/25/2037 (C) | 654,470 | 662,159 | ||||||
Citicorp Mortgage Securities, Inc. Series 2004-4, Class A4 | 563,221 | 589,357 | ||||||
Citigroup Commercial Mortgage Trust | ||||||||
Series 2005-C3, Class AM | ||||||||
4.83%, 05/15/2043 (C) | 440,000 | 471,846 | ||||||
Series 2006-C5, Class A4 | ||||||||
5.43%, 10/15/2049 | 500,000 | 567,592 | ||||||
Citigroup Mortgage Loan Trust, Inc. | ||||||||
Series 2003-1, Class 3A4 | ||||||||
5.25%, 09/25/2033 | 423,182 | 447,255 | ||||||
Series 2005-2, Class 2A11 | ||||||||
5.50%, 05/25/2035 | 330,676 | 341,981 | ||||||
Series 2008-AR4, Class 1A1A | ||||||||
2.94%, 11/25/2038 - 144A (C) | 1,195,546 | 1,210,405 | ||||||
Series 2009-10, Class 1A1 | ||||||||
2.43%, 09/25/2033 - 144A (C) | 765,642 | 774,213 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 24
Transamerica Core Bond
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Principal | Value | |||||||
MORTGAGE-BACKED SECURITIES (continued) |
| |||||||
Citigroup Mortgage Loan Trust, Inc. (continued) |
| |||||||
Series 2009-11, Class 3A1 | ||||||||
5.75%, 05/25/2037 - 144A (C) | $ 835,335 | $ 874,856 | ||||||
Series 2010-7, Class 10A1 | ||||||||
2.61%, 02/25/2035 - 144A (C) | 279,399 | 282,034 | ||||||
Series 2010-8, Class 5A6 | ||||||||
4.00%, 11/25/2036 - 144A | 6,212,392 | 6,440,002 | ||||||
Series 2010-8, Class 6A6 | ||||||||
4.50%, 12/25/2036 - 144A | 5,248,780 | 5,542,937 | ||||||
Series 2011-10, Class 4A1 | ||||||||
0.39%, 02/25/2046 - 144A (C) | 938,712 | 898,180 | ||||||
Series 2011-3, Class 1A1 | ||||||||
0.28%, 02/25/2047 - 144A (C) | 175,385 | 174,361 | ||||||
Series 2011-5, Class 1A1 | ||||||||
0.39%, 02/25/2046 - 144A (C) | 559,872 | 520,720 | ||||||
Citigroup/Deutsche Bank Commercial Mortgage Trust, IO | 40,023,939 | 308,985 | ||||||
Commercial Mortgage Asset Trust | 1,000,000 | 1,026,833 | ||||||
Commercial Mortgage Pass-Through Certificates, IO | 2,236,078 | 283,593 | ||||||
Countrywide Alternative Loan Trust, PO Series 2002-7 | 104,822 | 85,817 | ||||||
Countrywide Home Loan Mortgage Pass-Through Trust | ||||||||
Series 2003-39, Class A6 | ||||||||
5.00%, 10/25/2033 | 561,754 | 581,143 | ||||||
Series 2003-50, Class A1 | ||||||||
5.00%, 11/25/2018 | 357,278 | 367,250 | ||||||
Series 2003-J13, Class 1A7 | ||||||||
5.25%, 01/25/2034 | 994,600 | 1,027,506 | ||||||
Series 2004-3, Class A26 | ||||||||
5.50%, 04/25/2034 | 517,858 | 531,944 | ||||||
Series 2004-3, Class A4 | ||||||||
5.75%, 04/25/2034 | 776,788 | 803,540 | ||||||
Series 2004-5, Class 1A4 | ||||||||
5.50%, 06/25/2034 | 732,495 | 761,705 | ||||||
Series 2004-8, Class 2A1 | ||||||||
4.50%, 06/25/2019 | 63,104 | 65,202 | ||||||
Series 2004-J4, Class 2A1 | ||||||||
5.00%, 05/25/2019 | 126,165 | 128,074 | ||||||
Credit Suisse First Boston Mortgage Securities Corp. | ||||||||
Series 2003-21, Class 1A4 | ||||||||
5.25%, 09/25/2033 | 239,395 | 249,533 | ||||||
Series 2003-27, Class 5A4 | ||||||||
5.25%, 11/25/2033 | 344,517 | 354,550 | ||||||
Series 2003-29, Class 5A1 | ||||||||
7.00%, 12/25/2033 | 245,275 | 261,803 | ||||||
Series 2003-29, Class 8A1 | ||||||||
6.00%, 11/25/2018 | 98,845 | 101,127 | ||||||
Series 2003-AR15, Class 3A1 | ||||||||
2.94%, 06/25/2033 (C) | 349,694 | 347,358 | ||||||
Series 2004-4, Class 2A4 | ||||||||
5.50%, 09/25/2034 | 596,301 | 637,119 |
Principal | Value | |||||||
MORTGAGE-BACKED SECURITIES (continued) |
| |||||||
Credit Suisse First Boston Mortgage Securities Corp. (continued) | ||||||||
Series 2004-5, Class 3A1 | ||||||||
5.25%, 08/25/2019 | $ 317,260 | $ 325,940 | ||||||
Series 2004-8, Class 1A4 | ||||||||
5.50%, 12/25/2034 | 580,800 | 609,634 | ||||||
Series 2004-8, Class 3A5 | ||||||||
5.50%, 12/25/2034 | 115,429 | 116,656 | ||||||
Series 2005-C3, Class AM | ||||||||
4.73%, 07/15/2037 | 400,000 | 432,214 | ||||||
Credit Suisse Mortgage Capital Certificates | ||||||||
Series 2006-C2, Class A3 | ||||||||
5.86%, 03/15/2039 (C) | 1,600,000 | 1,779,374 | ||||||
Series 2009-3R, Class 19A3 | ||||||||
6.00%, 01/27/2038 - 144A | 291,622 | 304,342 | ||||||
Series 2010-11R, Class A6 | ||||||||
1.20%, 06/28/2047 - 144A (C) | 1,858,684 | 1,756,380 | ||||||
Series 2010-12R, Class 14A1 | ||||||||
2.81%, 09/26/2046 - 144A (C) | 315,494 | 314,416 | ||||||
Series 2010-15R, Class 7A1 | ||||||||
1.40%, 10/26/2037 - 144A (C) | 2,759 | 2,750 | ||||||
Series 2010-16, Class A3 | ||||||||
3.88%, 06/25/2050 - 144A (C) | 400,000 | 390,662 | ||||||
Series 2010-16, Class A4 | ||||||||
3.88%, 06/25/2050 - 144A (C) | 1,000,000 | 974,683 | ||||||
Series 2010-17R, Class 1A1 | ||||||||
2.64%, 06/26/2036 - 144A (C) | 304,355 | 313,181 | ||||||
Series 2010-1R, Class 5A1 | ||||||||
5.00%, 01/27/2036 - 144A (C) | 388,870 | 403,272 | ||||||
Series 2011-16R, Class 7A3 | ||||||||
3.50%, 12/27/2036 - 144A (C) | 579,701 | 593,270 | ||||||
Series 2011-1R, Class A1 | ||||||||
1.20%, 02/27/2047 - 144A (C) | 804,304 | 800,418 | ||||||
Series 2011-6R, Class 3A1 | ||||||||
2.95%, 07/28/2036 - 144A (C) | 563,045 | 554,450 | ||||||
Series 2011-7R, Class A1 | ||||||||
1.45%, 08/28/2047 - 144A (C) | 949,827 | 945,100 | ||||||
Series 2011-9R, Class A1 | ||||||||
2.20%, 03/27/2046 - 144A (C) | 2,483,277 | 2,496,746 | ||||||
Series 2012-3R, Class 1A1 | ||||||||
3.25%, 07/27/2037 - 144A (C) | 1,437,219 | 1,445,579 | ||||||
CW Capital Cobalt, Ltd. | ||||||||
Series 2006-C1, Class A4 | ||||||||
5.22%, 08/15/2048 | 600,000 | 669,124 | ||||||
Series 2006-C1, Class AM | ||||||||
5.25%, 08/15/2048 | 1,000,000 | 1,081,364 | ||||||
CW Capital Cobalt, Ltd., IO | 26,723,397 | 553,254 | ||||||
DBRR Trust, IO | 6,000,000 | 401,805 | ||||||
Deutsche ALT-A Securities, Inc., | 218,045 | 226,527 | ||||||
Deutsche Mortgage Securities, Inc. | ||||||||
Series 2009-RS2, Class 4A1 | ||||||||
0.33%, 04/26/2037 - 144A (C) | 144,806 | 141,692 | ||||||
Series 2010-RS2, Class A1 | ||||||||
1.45%, 06/28/2047 - 144A (C) | 8,682 | 8,682 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 25
Transamerica Core Bond
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Principal | Value | |||||||
MORTGAGE-BACKED SECURITIES (continued) |
| |||||||
FDIC Structured Sale Guaranteed Notes Series 2010-C1, Class A 2.98%, 12/06/2020 - 144A | $ 829,158 | $ 871,056 | ||||||
First Horizon Asset Securities, Inc. | ||||||||
Series 2003-8, Class 2A1 | ||||||||
4.50%, 09/25/2018 | 70,262 | 72,231 | ||||||
Series 2004-AR2, Class 2A1 | ||||||||
2.63%, 05/25/2034 (C) | 640,205 | 635,134 | ||||||
Fontainebleau Miami Beach Trust | 1,146,474 | 1,169,557 | ||||||
GE Capital Commercial Mortgage Corp. Series 2005-C1, Class AJ 4.83%, 06/10/2048 (C) | 1,000,000 | 1,052,354 | ||||||
GMAC Mortgage Corp., Loan Trust | ||||||||
Series 2003-AR1, Class A4 | ||||||||
3.39%, 10/19/2033 (C) | 175,642 | 180,133 | ||||||
Series 2003-AR2, Class 2A4 | ||||||||
3.47%, 12/19/2033 (C) | 1,089,478 | 1,085,589 | ||||||
Series 2004-J5, Class A7 | ||||||||
6.50%, 01/25/2035 | 1,510,620 | 1,603,091 | ||||||
Series 2004-J6, Class 1A1 | ||||||||
5.00%, 01/25/2020 | 151,738 | 156,514 | ||||||
Greenwich Capital Commercial Funding Corp. | 220,000 | 234,319 | ||||||
GS Mortgage Securities Trust, IO Series 2006-GG8, Class X | 10,483,471 | 186,270 | ||||||
GSMPS Mortgage Loan Trust | 1,409,137 | 1,213,483 | ||||||
GSMPS Mortgage Loan Trust, IO | 1,056,853 | 175,153 | ||||||
GSR Mortgage Loan Trust | ||||||||
Series 2003-7F, Class 1A4 | ||||||||
5.25%, 06/25/2033 | 1,471,987 | 1,466,645 | ||||||
Series 2004-8F, Class 2A3 | ||||||||
6.00%, 09/25/2034 | 1,444,219 | 1,510,366 | ||||||
Series 2005-5F, Class 8A3 | ||||||||
0.70%, 06/25/2035 (C) | 112,153 | 105,123 | ||||||
Impac CMB Trust | 391,763 | 386,266 | ||||||
Impac Secured Assets CMN Owner Trust | ||||||||
Series 2003-2, Class A1 | ||||||||
5.50%, 08/25/2033 | 112,662 | 118,386 | ||||||
Series 2006-1, Class 2A1 | ||||||||
0.55%, 05/25/2036 (C) | 809,501 | 799,123 | ||||||
Series 2006-2, Class 2A1 | ||||||||
0.55%, 08/25/2036 (C) | 740,713 | 733,695 | ||||||
JPMorgan Chase Commercial Mortgage Securities Corp. | ||||||||
Series 2004-CB8, Class A4 | ||||||||
4.40%, 01/12/2039 | 980,224 | 1,004,366 | ||||||
Series 2005-CB11, Class AJ | ||||||||
5.54%, 08/12/2037 (C) | 700,000 | 759,968 |
Principal | Value | |||||||
MORTGAGE-BACKED SECURITIES (continued) |
| |||||||
JPMorgan Chase Commercial Mortgage Securities Corp. (continued) | ||||||||
Series 2006-CB15, Class A4 | ||||||||
5.81%, 06/12/2043 (C) | $ 1,500,000 | $ 1,681,821 | ||||||
Series 2006-CB16, Class A4 | ||||||||
5.55%, 05/12/2045 | 100,000 | 113,012 | ||||||
Series 2006-LDP9, Class A3SF | ||||||||
0.35%, 05/15/2047 (C) | 1,000,000 | 995,963 | ||||||
JPMorgan Chase Commercial Mortgage Securities Corp., IO | 49,762,146 | 340,423 | ||||||
JPMorgan Mortgage Trust | ||||||||
Series 2004-A3, Class 4A1 | ||||||||
3.04%, 07/25/2034 (C) | 127,374 | 128,407 | ||||||
Series 2004-A4, Class 1A1 | ||||||||
3.04%, 09/25/2034 (C) | 133,551 | 136,778 | ||||||
Series 2004-S1, Class 1A7 | ||||||||
5.00%, 09/25/2034 | 50,073 | 51,653 | ||||||
Series 2005-A1, Class 3A4 | ||||||||
4.80%, 02/25/2035 (C) | 474,939 | 485,360 | ||||||
Series 2006-A2, Class 5A3 | ||||||||
2.90%, 11/25/2033 (C) | 922,741 | 939,789 | ||||||
Series 2006-A3, Class 6A1 | ||||||||
2.98%, 08/25/2034 (C) | 96,700 | 95,251 | ||||||
JPMorgan Re-REMIC | ||||||||
Series 2009-6, Class 4A1 | ||||||||
5.33%, 09/26/2036 - 144A (C) | 321,404 | 316,406 | ||||||
Series 2010-4, Class 7A1 | ||||||||
1.87%, 08/26/2035 - 144A (C) | 334,274 | 330,797 | ||||||
LB-UBS Commercial Mortgage Trust | 400,000 | 453,438 | ||||||
LB-UBS Commercial Mortgage Trust, IO Series 2006-C1, Class XCL | 23,083,215 | 212,504 | ||||||
LVII Resecuritization Trust | 600,000 | 623,010 | ||||||
MASTR Adjustable Rate Mortgages Trust | ||||||||
Series 2004-13, Class 2A1 | ||||||||
2.67%, 04/21/2034 (C) | 1,040,142 | 1,080,056 | ||||||
Series 2004-13, Class 3A7 | ||||||||
2.63%, 11/21/2034 (C) | 686,521 | 711,073 | ||||||
MASTR Alternative Loan Trust | 148,794 | 150,813 | ||||||
MASTR Alternative Loans Trust | 120,171 | 127,038 | ||||||
MASTR Asset Securitization Trust | ||||||||
Series 2003-11, Class 9A6 | ||||||||
5.25%, 12/25/2033 | 965,051 | 1,006,139 | ||||||
Series 2003-2, Class 1A1 | ||||||||
5.00%, 03/25/2018 | 72,161 | 74,322 | ||||||
Series 2003-3, Class 3A18 | ||||||||
5.50%, 04/25/2033 | 243,036 | 250,693 | ||||||
Series 2004-P7, Class A6 | ||||||||
5.50%, 12/27/2033 - 144A | 416,819 | 438,817 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 26
Transamerica Core Bond
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Principal | Value | |||||||
MORTGAGE-BACKED SECURITIES (continued) |
| |||||||
MASTR Resecuritization Trust, PO | $ 158,287 | $ 126,629 | ||||||
Merrill Lynch Mortgage Investors Trust | ||||||||
Series 2004-1, Class 2A1 | ||||||||
2.32%, 12/25/2034 (C) | 529,861 | 535,534 | ||||||
Series 2004-A4, Class A2 | ||||||||
2.54%, 08/25/2034 (C) | 258,286 | 261,565 | ||||||
Series 2004-D, Class A2 | ||||||||
1.18%, 09/25/2029 (C) | 398,328 | 395,327 | ||||||
Merrill Lynch Mortgage Investors, Inc. | ||||||||
Series 2003-A4, Class 2A | ||||||||
2.74%, 07/25/2033 (C) | 141,749 | 145,485 | ||||||
Series 2003-A5, Class 2A6 | ||||||||
2.58%, 08/25/2033 (C) | 151,526 | 153,869 | ||||||
Merrill Lynch Mortgage Trust | ||||||||
Series 2005-LC1, Class AJ | ||||||||
5.55%, 01/12/2044 (C) | 500,000 | 550,555 | ||||||
Series 2006-C1, Class A4 | ||||||||
5.87%, 05/12/2039 (C) | 730,000 | 823,514 | ||||||
Merrill Lynch/Countrywide Commercial Mortgage Trust, IO | 14,814,463 | 185,625 | ||||||
Morgan Stanley Capital I Trust | 637,000 | 714,065 | ||||||
Morgan Stanley Capital I Trust, IO | ||||||||
Series 2006-IQ12, Class X1 | ||||||||
0.21%, 12/15/2043 - 144A (C) | 36,058,731 | 496,925 | ||||||
Series 2007-HQ11, Class X | ||||||||
0.40%, 02/12/2044 - 144A (C) | 63,043,827 | 363,259 | ||||||
Morgan Stanley Capital I, Inc. | 200,000 | 234,316 | ||||||
Morgan Stanley Capital I, Inc., IO | 88,892,184 | 634,779 | ||||||
Morgan Stanley Mortgage Loan Trust | 549,212 | 574,204 | ||||||
Morgan Stanley Re-REMIC Trust | ||||||||
Series 2009-IO, Class A2 | ||||||||
5.00%, 07/17/2056 - 144A | 1,427,225 | 1,436,145 | ||||||
Series 2010-C30A, Class A3A | ||||||||
3.25%, 12/17/2043 - 144A | 162,967 | 162,835 | ||||||
Series 2010-HQ4B, Class A7A | ||||||||
4.97%, 04/16/2040 - 144A | 1,400,000 | 1,442,700 | ||||||
Series 2011-IO, Class A | ||||||||
2.50%, 03/23/2051 - 144A | 1,060,167 | 1,069,772 | ||||||
Series 2012-XA, Class A | ||||||||
2.00%, 07/27/2049 - 144A | 1,997,331 | 2,022,922 | ||||||
Series 2012-XA, Class B | ||||||||
0.25%, 07/27/2049 - 144A (D) | 500,000 | 416,250 | ||||||
Prime Mortgage Trust | 228,816 | 251,248 |
Principal | Value | |||||||
MORTGAGE-BACKED SECURITIES (continued) |
| |||||||
Prime Mortgage Trust, PO | $ 18,928 | $ 15,856 | ||||||
Provident Funding Mortgage Loan Trust Series 2005-1, Class 2A1 | 457,944 | 465,870 | ||||||
RALI Trust | ||||||||
Series 2003-QS1, Class A6 | ||||||||
4.25%, 01/25/2033 | 99,145 | 100,171 | ||||||
Series 2003-QS13, Class A5 | ||||||||
0.85%, 07/25/2033 (C) | 383,474 | 361,352 | ||||||
Series 2003-QS15, Class A7 | ||||||||
5.50%, 08/25/2033 | 1,359,751 | 1,400,627 | ||||||
Series 2003-QS18, Class A1 | ||||||||
5.00%, 09/25/2018 | 117,189 | 120,685 | ||||||
Series 2004-QS7, Class A4 | ||||||||
5.50%, 05/25/2034 | 407,780 | 378,843 | ||||||
RAMP Trust | ||||||||
Series 2004-RS6, Class AI4 | ||||||||
5.46%, 05/25/2032 (C) | 60,879 | 61,199 | ||||||
Series 2004-RZ1, Class M1 | ||||||||
4.32%, 03/25/2034 (C) | 570,509 | 588,886 | ||||||
Series 2004-SL2, Class A3 | ||||||||
7.00%, 10/25/2031 | 371,238 | 387,636 | ||||||
Series 2005-EFC5, Class A3 | ||||||||
0.54%, 10/25/2035 (C) | 600,000 | 586,933 | ||||||
Series 2006-RZ1, Class A3 | ||||||||
0.50%, 03/25/2036 (C) | 1,000,000 | 936,448 | ||||||
RBSSP Resecuritization Trust | ||||||||
Series 2009-1, Class 1A1 | ||||||||
6.50%, 02/26/2036 - 144A | 555,423 | 597,000 | ||||||
Series 2010-9, Class 7A5 | ||||||||
4.00%, 05/26/2037 - 144A (C) | 706,127 | 728,704 | ||||||
RCMC LLC Series 2012-CRE1, Class A 5.62%, 11/15/2044 - 144A | 418,143 | 418,882 | ||||||
Residential Asset Securitization Trust Series 2002-A13, Class A4 5.25%, 12/25/2017 | 50,810 | 52,024 | ||||||
RFMSI Trust | ||||||||
Series 2003-S20, Class 2A1 | ||||||||
4.75%, 12/25/2018 | 85,074 | 86,994 | ||||||
Series 2003-S4, Class A4 | ||||||||
5.75%, 03/25/2033 | 472,045 | 477,535 | ||||||
Salomon Brothers Mortgage Securities VII, Inc. | ||||||||
Series 2003-HYB1, Class A | ||||||||
3.10%, 09/25/2033 (C) | 439,798 | 445,528 | ||||||
Series 2003-UP1, Class A | ||||||||
3.95%, 04/25/2032 - 144A (C) | 32,650 | 32,168 | ||||||
Sequoia Mortgage Trust | ||||||||
Series 2004-11, Class A1 | ||||||||
0.50%, 12/20/2034 (C) | 680,687 | 647,482 | ||||||
Series 2004-11, Class A3 | ||||||||
0.50%, 12/20/2034 (C) | 725,201 | 712,401 | ||||||
Series 2004-12, Class A3 | ||||||||
0.83%, 01/20/2035 (C) | 419,192 | 347,596 | ||||||
Springleaf Mortgage Loan Trust | ||||||||
Series 2011-1A, Class A1 | ||||||||
4.05%, 01/25/2058 - 144A (C) | 1,566,637 | 1,621,267 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 27
Transamerica Core Bond
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Principal | Value | |||||||
MORTGAGE-BACKED SECURITIES (continued) |
| |||||||
Springleaf Mortgage Loan Trust (continued) |
| |||||||
Series 2011-1A, Class A2 | ||||||||
5.45%, 01/25/2058 - 144A (C) | $ 1,500,000 | $ 1,576,831 | ||||||
Series 2012-1A, Class M3 | ||||||||
6.00%, 09/25/2057 - 144A (C) | 1,000,000 | 1,038,917 | ||||||
Series 2012-2A, Class M4 | ||||||||
6.00%, 10/25/2057 - 144A (C) | 1,200,000 | 1,235,004 | ||||||
Series 2012-3A, Class M1 | ||||||||
2.66%, 12/25/2059 - 144A (C) | 534,000 | 541,915 | ||||||
Series 2012-3A, Class M2 | ||||||||
3.56%, 12/25/2059 - 144A (C) | 471,000 | 480,329 | ||||||
Series 2012-3A, Class M3 | ||||||||
4.44%, 12/25/2059 - 144A (C) | 253,000 | 260,857 | ||||||
Series 2012-3A, Class M4 | ||||||||
5.30%, 12/25/2059 - 144A (C) | 146,000 | 151,440 | ||||||
Structured Asset Mortgage Investments, Inc. | 573,622 | 568,060 | ||||||
Thornburg Mortgage Securities Trust | ||||||||
Series 2003-4, Class A1 | ||||||||
0.84%, 09/25/2043 (C) | 429,402 | 426,747 | ||||||
Series 2004-1, Class II2A | ||||||||
1.79%, 03/25/2044 (C) | 211,111 | 210,329 | ||||||
TIAA Seasoned Commercial Mortgage Trust | 551,448 | 578,465 | ||||||
UBS-BAMLL Trust | 1,386,000 | 1,470,442 | ||||||
UBS-Barclays Commercial Mortgage Trust | 650,000 | 700,276 | ||||||
UBS-Barclays Commercial Mortgage Trust, IO | 6,180,032 | 643,428 | ||||||
Vendee Mortgage Trust | ||||||||
Series 1993-1, Class ZB | ||||||||
7.25%, 02/15/2023 | 358,144 | 416,491 | ||||||
Series 1998-2, Class 1G | ||||||||
6.75%, 06/15/2028 | 657,662 | 787,526 | ||||||
Vericrest Opportunity Loan Transferee | ||||||||
Series 2012-NL2A, Class A1 | ||||||||
2.49%, 02/26/2052 - 144A | 483,362 | 484,764 | ||||||
Series 2012-NL3A, Class A | ||||||||
2.73%, 11/25/2060 - 144A (C) | 1,137,867 | 1,140,598 | ||||||
Wachovia Bank Commercial Mortgage Trust | 1,110,402 | 1,150,427 | ||||||
Wachovia Bank Commercial Mortgage Trust, IO | 140,199,443 | 557,153 |
Principal | Value | |||||||
MORTGAGE-BACKED SECURITIES (continued) |
| |||||||
WaMu Mortgage Pass-Through Certificates | ||||||||
Series 2003-AR6, Class A1 | ||||||||
2.44%, 06/25/2033 (C) | $ 834,258 | $ 856,727 | ||||||
Series 2003-AR7, Class A7 | ||||||||
2.32%, 08/25/2033 (C) | 307,461 | 307,558 | ||||||
Series 2003-AR8, Class A | ||||||||
2.46%, 08/25/2033 (C) | 104,673 | 107,696 | ||||||
Series 2003-AR9, Class 1A6 | ||||||||
2.43%, 09/25/2033 (C) | 517,549 | 528,255 | ||||||
Series 2003-S3, Class 1A4 | ||||||||
5.50%, 06/25/2033 | 513,461 | 536,421 | ||||||
Series 2003-S4, Class 2A10 | ||||||||
16.91%, 06/25/2033 (C) | 30,524 | 37,256 | ||||||
Series 2003-S8, Class A4 | ||||||||
4.50%, 09/25/2018 | 10,091 | 10,087 | ||||||
Series 2003-S9, Class A8 | ||||||||
5.25%, 10/25/2033 | 356,755 | 373,934 | ||||||
Series 2004-AR3, Class A1 | ||||||||
2.52%, 06/25/2034 (C) | 71,883 | 72,926 | ||||||
Series 2004-AR3, Class A2 | ||||||||
2.52%, 06/25/2034 (C) | 739,364 | 750,094 | ||||||
Series 2004-CB2, Class 7A | ||||||||
5.50%, 08/25/2019 | 363,133 | 377,919 | ||||||
Series 2004-CB3, Class 4A | ||||||||
6.00%, 10/25/2019 | 430,656 | 453,943 | ||||||
Series 2004-S1, Class 1A3 | ||||||||
0.60%, 03/25/2034 (C) | 52,314 | 51,668 | ||||||
Series 2004-S2, Class 2A4 | ||||||||
5.50%, 06/25/2034 | 627,568 | 653,085 | ||||||
Washington Mutual MSC Mortgage Pass-Through Certificates | ||||||||
Series 2003-MS2, Class 1A1 | ||||||||
5.75%, 02/25/2033 | 361,837 | 376,776 | ||||||
Series 2004-RA2, Class 2A | ||||||||
7.00%, 07/25/2033 | 150,224 | 166,432 | ||||||
Wells Fargo Mortgage Backed Securities Trust | ||||||||
Series 2003-J, Class 2A5 | ||||||||
4.42%, 10/25/2033 (C) | 1,969 | 1,973 | ||||||
Series 2003-K, Class 1A1 | ||||||||
4.43%, 11/25/2033 (C) | 43,277 | 44,124 | ||||||
Series 2004-4, Class A9 | ||||||||
5.50%, 05/25/2034 | 458,414 | 472,723 | ||||||
Series 2004-EE, Class 2A1 | ||||||||
2.62%, 12/25/2034 (C) | 391,725 | 404,476 | ||||||
Series 2004-EE, Class 2A2 | ||||||||
2.62%, 12/25/2034 (C) | 97,931 | 101,099 | ||||||
Series 2004-EE, Class 3A1 | ||||||||
3.04%, 12/25/2034 (C) | 90,719 | 94,050 | ||||||
Series 2004-EE, Class 3A2 | ||||||||
3.04%, 12/25/2034 (C) | 136,079 | 141,542 | ||||||
Series 2004-I, Class 1A1 | ||||||||
2.78%, 07/25/2034 (C) | 1,317,556 | 1,343,241 | ||||||
Series 2004-P, Class 2A1 | ||||||||
2.62%, 09/25/2034 (C) | 2,174,569 | 2,195,188 | ||||||
Series 2004-R, Class 2A1 | ||||||||
2.62%, 09/25/2034 (C) | 1,180,341 | 1,200,461 | ||||||
Series 2004-U, Class A1 | ||||||||
2.82%, 10/25/2034 (C) | 1,307,274 | 1,320,132 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 28
Transamerica Core Bond
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Principal | Value | |||||||
MORTGAGE-BACKED SECURITIES (continued) |
| |||||||
Wells Fargo Mortgage Backed Securities Trust (continued) | ||||||||
Series 2004-V, Class 1A1 | ||||||||
2.65%, 10/25/2034 (C) | $ 235,355 | $ 240,537 | ||||||
Series 2004-V, Class 1A2 | ||||||||
2.65%, 10/25/2034 (C) | 105,069 | 108,042 | ||||||
Series 2004-W, Class A9 | ||||||||
2.70%, 11/25/2034 (C) | 343,798 | 355,871 | ||||||
Series 2005-1, Class 2A1 | ||||||||
5.00%, 01/25/2020 | 185,472 | 194,717 | ||||||
Series 2005-13, Class A1 | ||||||||
5.00%, 11/25/2020 | 94,874 | 97,415 | ||||||
Series 2005-AR8, Class 2A1 | ||||||||
2.74%, 06/25/2035 (C) | 519,987 | 525,290 | ||||||
Series 2005-AR9, Class 2A1 | ||||||||
2.74%, 10/25/2033 (C) | 200,759 | 201,631 | ||||||
Wells Fargo Mortgage Loan Trust | 685,670 | 695,987 | ||||||
Wells Fargo Re-REMIC Trust | 2,213,642 | 2,215,723 | ||||||
WF-RBS Commercial Mortgage Trust Series 2011-C3, Class A4 4.38%, 03/15/2044 - 144A | 550,000 | 627,741 | ||||||
|
| |||||||
Total Mortgage-Backed Securities (cost $162,900,360) |
| 168,654,901 | ||||||
|
| |||||||
ASSET-BACKED SECURITIES - 2.9% | ||||||||
Academic Loan Funding Trust | 1,142,274 | 1,155,707 | ||||||
American Credit Acceptance Receivables Trust | ||||||||
Series 2012-1, Class A2 | ||||||||
3.04%, 10/15/2015 - 144A | 296,586 | 298,622 | ||||||
Series 2012-2, Class A | ||||||||
1.89%, 07/15/2016 - 144A | 949,225 | 953,059 | ||||||
Series 2012-3, Class A | ||||||||
1.64%, 11/15/2016 - 144A | 225,464 | 225,596 | ||||||
Ascentium Equipment Receivables LLC Series 2012-1A, Class A 1.83%, 09/15/2019 - 144A | 267,518 | 267,650 | ||||||
Asset Backed Funding Certificates | 652,747 | 661,120 | ||||||
Bank of America Auto Trust | 53,983 | 54,085 | ||||||
BXG Receivables Note Trust | 879,847 | 881,818 | ||||||
Chase Funding Mortgage Loan Asset-Backed Certificates | ||||||||
Series 2003-2, Class 2A2 | ||||||||
0.76%, 02/25/2033 (C) | 496,096 | 469,517 | ||||||
Series 2003-5, Class 1A4 | ||||||||
4.40%, 02/25/2030 | 161,285 | 161,632 | ||||||
Series 2003-6, Class 1A4 | ||||||||
4.50%, 11/25/2034 | 216,008 | 218,588 |
Principal | Value | |||||||
ASSET-BACKED SECURITIES (continued) | ||||||||
Chase Funding Mortgage Loan Asset-Backed Certificates (continued) | ||||||||
Series 2003-6, Class 1A5 | ||||||||
5.35%, 11/25/2034 (C) | $ 500,000 | $ 493,896 | ||||||
CPS Auto Trust | ||||||||
Series 2011-C, Class A | ||||||||
4.21%, 03/15/2019 - 144A | 759,692 | 790,094 | ||||||
Series 2012-A, Class A | ||||||||
2.78%, 06/17/2019 - 144A | 210,160 | 214,411 | ||||||
Series 2012-B, Class A | ||||||||
2.52%, 09/16/2019 - 144A | 1,548,960 | 1,574,528 | ||||||
Series 2012-C, Class A | ||||||||
1.82%, 12/16/2019 - 144A | 969,081 | 977,920 | ||||||
Credit Acceptance Auto Loan Trust | 860,000 | 873,137 | ||||||
DT Auto Owner Trust | 400,455 | 400,723 | ||||||
Exeter Automobile Receivables Trust | 945,059 | 948,083 | ||||||
First Investors Auto Owner Trust | 699,988 | 703,551 | ||||||
Fortress Opportunities Residential Transaction Series 2011-1A, Class A1 7.21%, 10/25/2047 - 144A (C) | 20,305 | 20,301 | ||||||
Freedom Trust Series 2011-1, Class A13 0.19%, 11/30/2037 - 144A (C) | 82,047 | 81,599 | ||||||
HLSS Servicer Advance Receivables Backed Notes | ||||||||
Series 2012-T2, Class A1 | ||||||||
1.34%, 10/15/2043 - 144A | 580,000 | 581,508 | ||||||
Series 2012-T2, Class A2 | ||||||||
1.99%, 10/15/2045 - 144A | 487,000 | 496,282 | ||||||
HSBC Home Equity Loan Trust | ||||||||
Series 2005-2, Class A1 | ||||||||
0.47%, 01/20/2035 (C) | 67,750 | 65,993 | ||||||
Series 2006-1, Class A1 | ||||||||
0.36%, 01/20/2036 (C) | 125,625 | 123,070 | ||||||
Series 2007-1, Class A2F | ||||||||
5.60%, 03/20/2036 (C) | 16,210 | 16,200 | ||||||
Series 2007-1, Class AS | ||||||||
0.40%, 03/20/2036 (C) | 130,829 | 128,346 | ||||||
Series 2007-3, Class APT | ||||||||
1.40%, 11/20/2036 (C) | 93,552 | 93,394 | ||||||
LAI Vehicle Lease Securitization Trust | 89,825 | 89,855 | ||||||
Lake Country Mortgage Loan Trust | 414,030 | 409,582 | ||||||
Madison Avenue Manufactured Housing Contract | 1,103,000 | 1,108,630 | ||||||
Mercedes-Benz Auto Receivables Trust | 22,539 | 22,563 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 29
Transamerica Core Bond
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Principal | Value | |||||||
ASSET-BACKED SECURITIES (continued) | ||||||||
Newcastle Investment Trust | $ 155,107 | $ 158,419 | ||||||
PennyMac Loan Trust | ||||||||
Series 2011-NPL1, Class A | ||||||||
5.25%, 09/25/2051 - 144A (C) | 245,056 | 244,993 | ||||||
Series 2012-NPL1, Class A | ||||||||
3.42%, 05/28/2052 - 144A (C) | 863,319 | 866,947 | ||||||
RASC Trust | 216,809 | 213,103 | ||||||
Residential Credit Solutions Trust | 706,991 | 707,344 | ||||||
Resort Finance America, LLC | 1,488,221 | 1,488,221 | ||||||
RMAT Series 2012-1A, Class A1 2.73%, 08/26/2052 - 144A (C) | 858,799 | 856,189 | ||||||
Santander Drive Auto Receivables Trust | ||||||||
Series 2011-S2A, Class B | ||||||||
2.06%, 06/15/2017 - 144A | 82,398 | 82,734 | ||||||
Series 2011-S2A, Class D | ||||||||
3.35%, 06/15/2017 - 144A | 153,123 | 154,180 | ||||||
Saxon Asset Securities Trust | 228,802 | 232,617 | ||||||
SNAAC Auto Receivables Trust | 177,164 | 178,152 | ||||||
Springleaf Funding Trust | 1,000,000 | 990,000 | ||||||
Stanwich Mortgage Loan Trust | ||||||||
Series 2012-NPL3, Class A | ||||||||
4.21%, 05/15/2042 - 144A | 15,111 | 15,114 | ||||||
Series 2012-NPL4, Class A | ||||||||
2.98%, 09/15/2042 - 144A | 1,556,662 | 1,561,534 | ||||||
Series 2012-NPL5, Class A | ||||||||
2.98%, 10/18/2042 - 144A | 1,047,626 | 1,049,261 | ||||||
Structured Asset Investment Loan Trust Series 2005-5, Class A9 | 173,426 | 173,122 | ||||||
Structured Asset Securities Corp. | ||||||||
Series 2002-AL1, Class A2 | ||||||||
3.45%, 02/25/2032 | 234,590 | 234,600 | ||||||
Series 2003-16, Class A3 | ||||||||
0.70%, 06/25/2033 (C) | 65,147 | 63,282 | ||||||
Series 2003-32, Class 1A1 | ||||||||
5.45%, 11/25/2033 (C) | 130,285 | 138,945 | ||||||
Series 2003-33H, Class 1A1 | ||||||||
5.50%, 10/25/2033 | 145,544 | 147,141 | ||||||
Series 2003-35, Class 3A1 | ||||||||
0.70%, 12/25/2033 (C) | 307,073 | 298,191 | ||||||
Series 2003-37A, Class 2A | ||||||||
4.76%, 12/25/2033 (C) | 205,813 | 204,370 | ||||||
Series 2004-4XS, Class 1A5 | ||||||||
5.49%, 02/25/2034 (C) | 647,118 | 685,485 |
Principal | Value | |||||||
ASSET-BACKED SECURITIES (continued) | ||||||||
Structured Asset Securities Corp. (continued) |
| |||||||
Series 2004-5H, Class A4 | ||||||||
5.54%, 12/25/2033 | $ 679,822 | $ 702,651 | ||||||
Series 2004-6XS, Class A5A | ||||||||
5.53%, 03/25/2034 (C) | 545,081 | 547,939 | ||||||
Series 2004-6XS, Class A5B | ||||||||
5.55%, 03/25/2034 (C) | 545,081 | 548,145 | ||||||
Series 2005-NC1, Class A11 | ||||||||
4.69%, 02/25/2035 (C) | 1,120,327 | 1,112,344 | ||||||
Toyota Auto Receivables Owner Trust Series 2010-C, Class A3 | 5,206 | 5,208 | ||||||
Trafigura Securitisation Finance PLC Series 2012-1A, Class A | 2,219,000 | 2,263,727 | ||||||
Volt LLC | ||||||||
Series 2012-1A, Class A1 | ||||||||
4.95%, 04/25/2017 - 144A (C) | 942,610 | 950,796 | ||||||
Series 2012-RP2A, Class A1 | ||||||||
4.70%, 06/26/2017 - 144A | 651,270 | 660,556 | ||||||
Series 2012-RP2A, Class A2 | ||||||||
8.84%, 06/26/2017 - 144A | 150,000 | 152,851 | ||||||
Westgate Resorts LLC | ||||||||
Series 2012-1, Class A | ||||||||
4.50%, 09/20/2025 - 144A | 1,285,418 | 1,314,742 | ||||||
Series 2012-2A, Class A | ||||||||
3.00%, 01/20/2025 - 144A | 1,376,521 | 1,388,566 | ||||||
Westlake Automobile Receivables Trust Series 2011-1A, Class A3 1.49%, 06/16/2014 - 144A | 65,978 | 66,057 | ||||||
World Omni Auto Receivables Trust Series 2010-A, Class A4 | 163,780 | 164,916 | ||||||
|
| |||||||
Total Asset-Backed Securities (cost $35,560,348) |
| 36,183,502 | ||||||
|
| |||||||
MUNICIPAL GOVERNMENT OBLIGATIONS - 0.4% |
| |||||||
American Municipal Power, Inc. | 640,000 | 882,278 | ||||||
New York State Dormitory Authority, Revenue Bond (Revenue Bonds) 5.60%, 03/15/2040 | 280,000 | 362,706 | ||||||
Ohio State University (Revenue Bonds) 4.80%, 06/01/2111 | 1,370,000 | 1,533,784 | ||||||
Port Authority of New York & New Jersey (Revenue Bonds) | ||||||||
4.46%, 10/01/2062 | 970,000 | 1,017,026 | ||||||
Series B | ||||||||
5.65%, 11/01/2040 | 485,000 | 610,872 | ||||||
State of California - Build America Bonds (General Obligation Unlimited) 7.30%, 10/01/2039 | 520,000 | 749,570 | ||||||
State of Illinois (General Obligation Unlimited) | 85,000 | 85,939 | ||||||
|
| |||||||
Total Municipal Government Obligations |
| 5,242,175 | ||||||
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 30
Transamerica Core Bond
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Principal | Value | |||||||
CORPORATE DEBT SECURITIES - 18.4% |
| |||||||
Aerospace & Defense - 0.2% | ||||||||
BAE Systems Holdings, Inc. 5.20%, 08/15/2015 - 144A | $ 380,000 | $ 411,784 | ||||||
BAE Systems PLC | 439,000 | 525,880 | ||||||
Lockheed Martin Corp. | ||||||||
4.07%, 12/15/2042 - 144A | 120,000 | 114,392 | ||||||
4.25%, 11/15/2019 | 150,000 | 168,636 | ||||||
4.85%, 09/15/2041 | 190,000 | 205,321 | ||||||
United Technologies Corp. | ||||||||
4.50%, 06/01/2042 | 257,000 | 284,052 | ||||||
8.88%, 11/15/2019 | 250,000 | 341,929 | ||||||
Air Freight & Logistics - 0.0% (E) | ||||||||
United Parcel Service of America, Inc. | ||||||||
8.38%, 04/01/2020 | 60,000 | 83,515 | ||||||
8.38%, 04/01/2030 (F) | 200,000 | 298,902 | ||||||
United Parcel Service, Inc. | 186,000 | 187,168 | ||||||
Airlines - 0.2% | ||||||||
Air Canada Pass-Through Trust 4.13%, 11/15/2026 - 144A (G) | 124,000 | 125,240 | ||||||
American Airlines Pass-Through Trust | ||||||||
5.25%, 07/31/2022 | 98,287 | 107,133 | ||||||
8.63%, 04/15/2023 | 571,471 | 604,331 | ||||||
Continental Airlines Pass-Through Trust | ||||||||
4.00%, 04/29/2026 (A) | 255,000 | 268,387 | ||||||
5.98%, 10/19/2023 | 263,174 | 300,018 | ||||||
Delta Air Lines, Inc., | ||||||||
4.75%, 11/07/2021 | 143,000 | 155,870 | ||||||
4.95%, 11/23/2020 | 243,413 | 267,146 | ||||||
5.30%, 10/15/2020 | 73,946 | 82,080 | ||||||
Auto Components - 0.1% | ||||||||
Johnson Controls, Inc. | ||||||||
4.25%, 03/01/2021 | 335,000 | 372,031 | ||||||
5.25%, 12/01/2041 | 970,000 | 1,093,331 | ||||||
Automobiles - 0.0% (E) | ||||||||
Daimler Finance North America LLC 2.63%, 09/15/2016 - 144A | 200,000 | 208,646 | ||||||
Beverages - 0.2% | ||||||||
Anheuser-Busch InBev Worldwide, Inc. | ||||||||
1.50%, 07/14/2014 | 136,000 | 137,816 | ||||||
7.75%, 01/15/2019 | 650,000 | 857,440 | ||||||
8.20%, 01/15/2039 | 240,000 | 396,388 | ||||||
Diageo Capital PLC | ||||||||
4.83%, 07/15/2020 | 90,000 | 106,886 | ||||||
5.75%, 10/23/2017 | 230,000 | 274,902 | ||||||
Heineken NV | 400,000 | 401,058 | ||||||
PepsiCo, Inc. | 21,000 | 27,987 | ||||||
SABMiller Holdings, Inc. | 200,000 | 218,696 | ||||||
SABMiller PLC | ||||||||
5.50%, 08/15/2013 - 144A | 180,000 | 182,571 | ||||||
5.70%, 01/15/2014 - 144A | 330,000 | 342,074 | ||||||
Biotechnology - 0.2% | ||||||||
Amgen, Inc. | ||||||||
3.45%, 10/01/2020 | 400,000 | 433,588 |
Principal | Value | |||||||
Biotechnology (continued) | ||||||||
Amgen, Inc. (continued) | ||||||||
4.50%, 03/15/2020 | $ 56,000 | $ 64,339 | ||||||
5.15%, 11/15/2041 | 575,000 | 659,093 | ||||||
5.65%, 06/15/2042 | 252,000 | 308,068 | ||||||
5.75%, 03/15/2040 | 165,000 | 200,129 | ||||||
Celgene Corp. | 659,000 | 671,874 | ||||||
Capital Markets - 1.4% | ||||||||
Bank of New York Mellon Corp. | ||||||||
3.55%, 09/23/2021 | 509,000 | 557,860 | ||||||
5.45%, 05/15/2019 | 200,000 | 242,475 | ||||||
Bank of New York Mellon Corp., | ||||||||
2.40%, 01/17/2017 | 200,000 | 209,739 | ||||||
4.60%, 01/15/2020 | 40,000 | 46,640 | ||||||
BlackRock, Inc. | ||||||||
3.38%, 06/01/2022 | 174,000 | 186,514 | ||||||
6.25%, 09/15/2017 (A) | 635,000 | 771,982 | ||||||
Charles Schwab Corp. | 100,000 | 105,187 | ||||||
Credit Suisse USA, Inc. | 170,000 | 186,353 | ||||||
Goldman Sachs Group, Inc. | ||||||||
6.25%, 09/01/2017 (A) | 650,000 | 764,609 | ||||||
6.75%, 10/01/2037 | 200,000 | 229,456 | ||||||
Goldman Sachs Group, Inc., | ||||||||
5.38%, 03/15/2020 | 390,000 | 455,036 | ||||||
7.50%, 02/15/2019 | 3,475,000 | 4,381,923 | ||||||
Jefferies Group, Inc. | ||||||||
6.25%, 01/15/2036 | 260,000 | 276,900 | ||||||
6.45%, 06/08/2027 | 180,000 | 201,804 | ||||||
8.50%, 07/15/2019 | 520,000 | 660,162 | ||||||
Macquarie Group, Ltd. | ||||||||
6.00%, 01/14/2020 - 144A | 450,000 | 502,605 | ||||||
6.25%, 01/14/2021 - 144A | 525,000 | 596,536 | ||||||
7.63%, 08/13/2019 - 144A | 700,000 | 854,420 | ||||||
Morgan Stanley, | ||||||||
5.63%, 09/23/2019 | 2,000,000 | 2,329,892 | ||||||
7.30%, 05/13/2019 | 1,800,000 | 2,254,554 | ||||||
Morgan Stanley, | 170,000 | 191,896 | ||||||
Nomura Holdings, Inc. | ||||||||
5.00%, 03/04/2015 | 350,000 | 373,474 | ||||||
6.70%, 03/04/2020 | 257,000 | 312,969 | ||||||
Nomura Holdings, Inc., | 200,000 | 213,024 | ||||||
Chemicals - 0.5% | ||||||||
Dow Chemical Co. | ||||||||
4.25%, 11/15/2020 | 174,000 | 193,211 | ||||||
8.55%, 05/15/2019 | 456,000 | 614,835 | ||||||
E.I. du Pont de Nemours & Co. | ||||||||
1.95%, 01/15/2016 | 173,000 | 178,971 | ||||||
4.90%, 01/15/2041 | 125,000 | 146,472 | ||||||
5.60%, 12/15/2036 (A) | 550,000 | 695,208 | ||||||
Ecolab, Inc. | 570,000 | 687,046 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 31
Transamerica Core Bond
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Principal | Value | |||||||
Chemicals (continued) | ||||||||
Mosaic Co. | ||||||||
3.75%, 11/15/2021 | $ 209,000 | $ 223,895 | ||||||
4.88%, 11/15/2041 | 253,000 | 277,131 | ||||||
Potash Corp. of Saskatchewan, Inc. 6.50%, 05/15/2019 | 260,000 | 324,876 | ||||||
PPG Industries, Inc. | ||||||||
6.65%, 03/15/2018 | 470,000 | 579,995 | ||||||
7.40%, 08/15/2019 | 300,000 | 371,608 | ||||||
9.00%, 05/01/2021 | 310,000 | 432,613 | ||||||
Praxair, Inc. | 150,000 | 173,661 | ||||||
Union Carbide Corp. | ||||||||
7.50%, 06/01/2025 | 400,000 | 501,250 | ||||||
7.75%, 10/01/2096 | 210,000 | 262,495 | ||||||
Commercial Banks - 1.8% | ||||||||
ANZ National Int’l, Ltd. | 105,000 | 110,209 | ||||||
Australia & New Zealand Banking Group, Ltd. | ||||||||
2.40%, 11/23/2016 - 144A (A) | 600,000 | 632,280 | ||||||
4.88%, 01/12/2021 - 144A | 137,000 | 161,471 | ||||||
Bank of Nova Scotia | 855,000 | 898,834 | ||||||
Bank of Tokyo-Mitsubishi UFJ, Ltd. 2.35%, 02/23/2017 - 144A (A) | 785,000 | 818,236 | ||||||
Barclays Bank PLC | ||||||||
2.25%, 05/10/2017 - 144A (A) | 276,000 | 288,806 | ||||||
5.00%, 09/22/2016 | 100,000 | 112,720 | ||||||
5.20%, 07/10/2014 | 125,000 | 131,569 | ||||||
BB&T Corp. | ||||||||
4.90%, 06/30/2017 | 550,000 | 621,115 | ||||||
5.25%, 11/01/2019 (A) | 90,000 | 105,234 | ||||||
BB&T Corp., | 250,000 | 319,965 | ||||||
Comerica, Inc. | 150,000 | 157,871 | ||||||
Commonwealth Bank of Australia 2.25%, 03/16/2017 - 144A (A) | 530,000 | 556,712 | ||||||
Cooperatieve Centrale Raiffeisen-Boerenleenbank BA | ||||||||
3.38%, 01/19/2017 (A) | 205,000 | 220,765 | ||||||
4.50%, 01/11/2021 (A) | 300,000 | 340,938 | ||||||
5.80%, 09/30/2110 - 144A | 300,000 | 351,624 | ||||||
Deutsche Bank AG | ||||||||
3.25%, 01/11/2016 (A) | 400,000 | 424,276 | ||||||
3.88%, 08/18/2014 | 100,000 | 104,034 | ||||||
6.00%, 09/01/2017 (A) | 190,000 | 226,414 | ||||||
HSBC Bank PLC | 275,000 | 307,193 | ||||||
HSBC Holdings PLC | ||||||||
4.88%, 01/14/2022 | 1,520,000 | 1,777,894 | ||||||
5.10%, 04/05/2021 (A) | 911,000 | 1,080,618 | ||||||
ING Bank NV | 943,000 | 1,014,121 | ||||||
KeyBank NA | ||||||||
5.70%, 11/01/2017 (A) | 245,000 | 285,292 | ||||||
5.80%, 07/01/2014 | 250,000 | 264,743 | ||||||
Manufacturers & Traders Trust Co. 6.63%, 12/04/2017 | 250,000 | 302,890 |
Principal | Value | |||||||
Commercial Banks (continued) | ||||||||
National Australia Bank, Ltd. | $ 580,000 | $ 604,128 | ||||||
Nordea Bank AB | ||||||||
3.13%, 03/20/2017 - 144A | 570,000 | 608,589 | ||||||
4.88%, 05/13/2021 - 144A (A) | 384,000 | 423,164 | ||||||
PNC Bank NA | 600,000 | 744,796 | ||||||
PNC Funding Corp. | ||||||||
5.13%, 02/08/2020 | 250,000 | 296,320 | ||||||
5.63%, 02/01/2017 | 130,000 | 148,797 | ||||||
6.70%, 06/10/2019 | 150,000 | 190,724 | ||||||
Rabobank Nederland NV | 105,000 | 108,462 | ||||||
Royal Bank of Canada | 400,000 | 403,800 | ||||||
Stadshypotek AB | 530,000 | 536,519 | ||||||
Svenska Handelsbanken AB 3.13%, 07/12/2016 | 388,000 | 413,984 | ||||||
U.S. Bancorp | ||||||||
4.13%, 05/24/2021 | 133,000 | 150,707 | ||||||
7.50%, 06/01/2026 | 111,000 | 157,630 | ||||||
U.S. Bancorp, | 233,000 | 243,728 | ||||||
UBS AG | 110,000 | 130,916 | ||||||
UBS AG, | 257,000 | 300,686 | ||||||
Wachovia Bank NA | 3,100,000 | 3,713,970 | ||||||
Wells Fargo & Co. | ||||||||
3.68%, 06/15/2016 (F) | 390,000 | 421,597 | ||||||
5.63%, 12/11/2017 | 150,000 | 177,742 | ||||||
Westpac Banking Corp. | ||||||||
2.45%, 11/28/2016 - 144A (A) | 600,000 | 633,480 | ||||||
4.88%, 11/19/2019 (A) | 750,000 | 886,289 | ||||||
Commercial Services & Supplies - 0.2% | ||||||||
ADT Corp. | ||||||||
3.50%, 07/15/2022 | 124,000 | 124,627 | ||||||
4.88%, 07/15/2042 | 147,000 | 144,583 | ||||||
Eaton Corp. | 500,000 | 656,623 | ||||||
ERAC USA Finance LLC | ||||||||
2.25%, 01/10/2014 - 144A (A) | 257,000 | 259,754 | ||||||
2.75%, 03/15/2017 - 144A | 65,000 | 67,846 | ||||||
4.50%, 08/16/2021 - 144A | 175,000 | 195,145 | ||||||
5.63%, 03/15/2042 - 144A | 141,000 | 161,433 | ||||||
6.70%, 06/01/2034 - 144A | 331,000 | 417,276 | ||||||
Pitney Bowes, Inc. | 100,000 | 110,079 | ||||||
Waste Management, Inc. | 319,000 | 365,880 | ||||||
Communications Equipment - 0.1% | ||||||||
Cisco Systems, Inc. | ||||||||
4.45%, 01/15/2020 (A) | 150,000 | 174,723 | ||||||
5.50%, 01/15/2040 (A) | 250,000 | 310,601 | ||||||
5.90%, 02/15/2039 | 100,000 | 128,817 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 32
Transamerica Core Bond
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Principal | Value | |||||||
Computers & Peripherals - 0.2% | ||||||||
Apple, Inc. | ||||||||
0.52%, 05/03/2018 (C) | $ 297,000 | $ 297,742 | ||||||
2.40%, 05/03/2023 | 494,000 | 493,822 | ||||||
Hewlett-Packard Co. | ||||||||
2.60%, 09/15/2017 | 225,000 | 228,932 | ||||||
4.30%, 06/01/2021 (A) | 200,000 | 202,378 | ||||||
4.38%, 09/15/2021 | 312,000 | 318,123 | ||||||
4.65%, 12/09/2021 (A) | 537,000 | 555,644 | ||||||
6.00%, 09/15/2041 | 360,000 | 364,799 | ||||||
Construction & Engineering - 0.1% | ||||||||
ABB Finance USA, Inc. | ||||||||
1.63%, 05/08/2017 | 210,000 | 213,421 | ||||||
2.88%, 05/08/2022 | 152,000 | 156,885 | ||||||
4.38%, 05/08/2042 | 128,000 | 139,162 | ||||||
Fluor Corp. | 547,000 | 586,126 | ||||||
Construction Materials - 0.0% (E) | ||||||||
CRH America, Inc. | 221,000 | 252,351 | ||||||
Consumer Finance - 0.4% | ||||||||
American Express Co. | 700,000 | 877,869 | ||||||
American Express Credit Corp., | 150,000 | 150,000 | ||||||
Capital One Bank USA NA | 1,000,000 | 1,017,522 | ||||||
Capital One Financial Corp. | ||||||||
4.75%, 07/15/2021 | 625,000 | 717,419 | ||||||
6.75%, 09/15/2017 | 200,000 | 242,440 | ||||||
7.38%, 05/23/2014 | 75,000 | 80,255 | ||||||
Caterpillar Financial Services Corp., Series MTN | ||||||||
5.85%, 09/01/2017 | 150,000 | 178,502 | ||||||
7.05%, 10/01/2018 | 150,000 | 192,588 | ||||||
7.15%, 02/15/2019 | 100,000 | 129,524 | ||||||
HSBC Finance Corp. | 260,000 | 290,114 | ||||||
John Deere Capital Corp. | ||||||||
1.20%, 10/10/2017 (A) | 306,000 | 307,347 | ||||||
2.25%, 04/17/2019 (A) | 333,000 | 346,608 | ||||||
John Deere Capital Corp., | ||||||||
2.75%, 03/15/2022 | 153,000 | 158,305 | ||||||
3.15%, 10/15/2021 | 290,000 | 310,558 | ||||||
5.75%, 09/10/2018 | 100,000 | 121,906 | ||||||
PACCAR Financial Corp., | 197,000 | 201,411 | ||||||
Diversified Financial Services - 2.0% | ||||||||
American Honda Finance Corp. | ||||||||
1.50%, 09/11/2017 - 144A | 200,000 | 202,470 | ||||||
2.60%, 09/20/2016 - 144A | 902,000 | 949,295 | ||||||
7.63%, 10/01/2018 - 144A | 300,000 | 391,007 | ||||||
Associates Corp. | 1,934,000 | 2,383,549 | ||||||
Bank of America Corp. | ||||||||
5.63%, 07/01/2020 | 2,340,000 | 2,777,007 | ||||||
5.75%, 12/01/2017 | 220,000 | 255,726 |
Principal | Value | |||||||
Diversified Financial Services (continued) | ||||||||
Bank of America Corp., | $ 400,000 | $ 500,139 | ||||||
Bank of America Corp., | 75,000 | 85,832 | ||||||
Blackstone Holdings Finance Co. LLC | ||||||||
5.88%, 03/15/2021 - 144A | 1,205,000 | 1,424,339 | ||||||
6.25%, 08/15/2042 - 144A | 289,000 | 338,635 | ||||||
Citigroup, Inc. | ||||||||
5.38%, 08/09/2020 | 355,000 | 423,331 | ||||||
6.00%, 08/15/2017 | 1,001,000 | 1,178,150 | ||||||
6.88%, 03/05/2038 | 340,000 | 463,666 | ||||||
8.13%, 07/15/2039 | 100,000 | 152,268 | ||||||
8.50%, 05/22/2019 | 550,000 | 739,866 | ||||||
CME Group, Inc. | 200,000 | 204,349 | ||||||
Countrywide Financial Corp. | 550,000 | 613,673 | ||||||
Ford Motor Credit Co., LLC | ||||||||
3.98%, 06/15/2016 | 555,000 | 590,213 | ||||||
4.25%, 09/20/2022 | 332,000 | 351,073 | ||||||
General Electric Capital Corp., | ||||||||
4.65%, 10/17/2021 | 900,000 | 1,028,582 | ||||||
5.40%, 02/15/2017 | 400,000 | 459,738 | ||||||
5.50%, 01/08/2020 | 1,140,000 | 1,370,539 | ||||||
5.63%, 05/01/2018 | 2,213,000 | 2,632,131 | ||||||
6.75%, 03/15/2032 | 485,000 | 634,334 | ||||||
General Electric Capital Corp., | 1,420,000 | 1,739,722 | ||||||
MassMutual Global Funding II | ||||||||
2.00%, 04/05/2017 - 144A | 370,000 | 380,186 | ||||||
2.88%, 04/21/2014 - 144A | 100,000 | 102,448 | ||||||
Merrill Lynch & Co., Inc., | 1,325,000 | 1,559,166 | ||||||
Merrill Lynch & Co., Inc., | 600,000 | 729,416 | ||||||
National Rural Utilities Cooperative Finance Corp. | 250,000 | 363,666 | ||||||
Diversified Telecommunication Services - 1.1% |
| |||||||
AT&T, Inc. | ||||||||
4.30%, 12/15/2042 - 144A | 455,000 | 445,865 | ||||||
5.35%, 09/01/2040 | 898,000 | 1,013,920 | ||||||
5.80%, 02/15/2019 | 1,300,000 | 1,580,528 | ||||||
6.30%, 01/15/2038 | 500,000 | 627,927 | ||||||
BellSouth Corp. | 15,000 | 18,359 | ||||||
BellSouth Telecommunications, Inc. | ||||||||
6.30%, 12/15/2015 | 95,556 | 99,677 | ||||||
7.00%, 10/01/2025 | 300,000 | 378,088 | ||||||
British Telecommunications PLC | ||||||||
5.95%, 01/15/2018 | 200,000 | 239,220 | ||||||
9.63%, 12/15/2030 | 180,000 | 289,808 | ||||||
Centel Capital Corp. | 450,000 | 558,614 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 33
Transamerica Core Bond
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Principal | Value | |||||||
Diversified Telecommunication Services (continued) |
| |||||||
Deutsche Telekom International Finance BV | ||||||||
6.00%, 07/08/2019 (A) | $ 395,000 | $ 479,297 | ||||||
8.75%, 06/15/2030 | 330,000 | 490,899 | ||||||
France Telecom SA | ||||||||
2.75%, 09/14/2016 (A) | 350,000 | 366,554 | ||||||
8.50%, 03/01/2031 | 430,000 | 647,721 | ||||||
GTP Acquisition Partners I LLC 4.35%, 06/15/2041 - 144A | 758,000 | 805,839 | ||||||
Nippon Telegraph & Telephone Corp. 1.40%, 07/18/2017 | 400,000 | 404,164 | ||||||
Qwest Corp. | 800,000 | 941,530 | ||||||
Telecom Italia Capital SA | ||||||||
4.95%, 09/30/2014 | 250,000 | 260,859 | ||||||
6.18%, 06/18/2014 | 281,000 | 295,105 | ||||||
7.00%, 06/04/2018 (A) | 250,000 | 290,069 | ||||||
Telefonica Emisiones SAU | ||||||||
5.46%, 02/16/2021 | 91,000 | 100,300 | ||||||
6.22%, 07/03/2017 | 650,000 | 741,575 | ||||||
6.42%, 06/20/2016 (A) | 380,000 | 428,156 | ||||||
Verizon Communications, Inc. 6.10%, 04/15/2018 (A) | 411,000 | 498,067 | ||||||
Verizon Global Funding Corp. 5.85%, 09/15/2035 | 175,000 | 206,655 | ||||||
Verizon Maryland, Inc. | 600,000 | 602,377 | ||||||
Verizon Pennsylvania, Inc. | 240,000 | 328,148 | ||||||
Electric Utilities - 1.7% | ||||||||
AEP Texas Central Co. | 100,000 | 127,928 | ||||||
Alabama Power Co. | ||||||||
5.88%, 12/01/2022 | 370,000 | 467,660 | ||||||
6.00%, 03/01/2039 | 248,000 | 325,381 | ||||||
6.13%, 05/15/2038 | 77,000 | 101,961 | ||||||
American Electric Power Co., Inc. 1.65%, 12/15/2017 | 83,000 | 83,820 | ||||||
Appalachian Power Co. | ||||||||
5.95%, 05/15/2033 | 50,000 | 59,711 | ||||||
6.38%, 04/01/2036 | 200,000 | 257,601 | ||||||
6.70%, 08/15/2037 | 425,000 | 567,436 | ||||||
Arizona Public Service Co. | ||||||||
4.50%, 04/01/2042 | 121,000 | 133,473 | ||||||
5.05%, 09/01/2041 (A) | 303,000 | 353,657 | ||||||
Carolina Power & Light Co. | ||||||||
3.00%, 09/15/2021 | 610,000 | 651,672 | ||||||
5.30%, 01/15/2019 | 80,000 | 96,362 | ||||||
Cleveland Electric Illuminating Co. | ||||||||
7.88%, 11/01/2017 | 180,000 | 224,592 | ||||||
8.88%, 11/15/2018 | 337,000 | 450,301 | ||||||
Comision Federal de Electricidad 4.88%, 05/26/2021 - 144A | 261,000 | 296,887 | ||||||
Detroit Edison Co. | ||||||||
2.65%, 06/15/2022 | 68,000 | 69,975 | ||||||
3.95%, 06/15/2042 | 101,000 | 104,521 | ||||||
Duke Energy Carolinas LLC | ||||||||
4.30%, 06/15/2020 (A) | 156,000 | 180,753 | ||||||
6.00%, 01/15/2038 | 133,000 | 174,941 | ||||||
6.45%, 10/15/2032 | 100,000 | 133,680 |
Principal | Value | |||||||
Electric Utilities (continued) | ||||||||
Duke Energy Indiana, Inc. | $ 200,000 | $ 223,286 | ||||||
Enel Finance International NV | 450,000 | 489,546 | ||||||
Florida Power & Light Co. | ||||||||
5.13%, 06/01/2041 | 112,000 | 138,549 | ||||||
5.95%, 10/01/2033 (A) | 425,000 | 564,651 | ||||||
Great Plains Energy, Inc. | 26,000 | 29,377 | ||||||
Hydro-Quebec | ||||||||
8.40%, 01/15/2022 | 420,000 | 606,735 | ||||||
9.40%, 02/01/2021 | 100,000 | 149,070 | ||||||
Indiana Michigan Power Co. | 338,000 | 426,230 | ||||||
Jersey Central Power & Light Co. 7.35%, 02/01/2019 | 330,000 | 420,037 | ||||||
John Sevier Combined Cycle Generation LLC 4.63%, 01/15/2042 | 496,504 | 566,726 | ||||||
Kansas City Power & Light Co. 5.30%, 10/01/2041 | 1,040,000 | 1,190,540 | ||||||
Massachusetts Electric Co. 5.90%, 11/15/2039 - 144A | 55,000 | 70,898 | ||||||
Nevada Power Co. | ||||||||
5.38%, 09/15/2040 | 52,000 | 64,305 | ||||||
5.45%, 05/15/2041 | 400,000 | 500,995 | ||||||
6.50%, 08/01/2018 | 410,000 | 510,709 | ||||||
7.13%, 03/15/2019 | 100,000 | 129,015 | ||||||
NextEra Energy Capital Holdings, Inc. 1.20%, 06/01/2015 | 78,000 | 78,624 | ||||||
Niagara Mohawk Power Corp. 4.88%, 08/15/2019 - 144A | 50,000 | 58,086 | ||||||
NiSource Finance Corp. | ||||||||
5.80%, 02/01/2042 (A) | 600,000 | 697,152 | ||||||
6.80%, 01/15/2019 | 604,000 | 743,749 | ||||||
Northern States Power Co. | ||||||||
5.35%, 11/01/2039 | 19,000 | 24,070 | ||||||
6.25%, 06/01/2036 (A) | 100,000 | 138,340 | ||||||
Oncor Electric Delivery Co., LLC | ||||||||
6.80%, 09/01/2018 | 775,000 | 971,981 | ||||||
7.00%, 09/01/2022 | 175,000 | 234,025 | ||||||
Pacific Gas & Electric Co. | ||||||||
2.45%, 08/15/2022 (A) | 181,000 | 180,623 | ||||||
3.25%, 09/15/2021 | 159,000 | 170,747 | ||||||
4.45%, 04/15/2042 | 167,000 | 180,356 | ||||||
4.50%, 12/15/2041 | 540,000 | 585,553 | ||||||
5.40%, 01/15/2040 | 42,000 | 51,182 | ||||||
6.05%, 03/01/2034 | 60,000 | 78,053 | ||||||
8.25%, 10/15/2018 (A) | 395,000 | 530,880 | ||||||
PacifiCorp | ||||||||
5.50%, 01/15/2019 | 125,000 | 151,621 | ||||||
5.65%, 07/15/2018 (A) | 100,000 | 121,926 | ||||||
6.25%, 10/15/2037 | 360,000 | 491,006 | ||||||
Pennsylvania Electric Co. | 150,000 | 176,232 | ||||||
PPL Capital Funding, Inc. | 165,000 | 177,210 | ||||||
PPL Energy Supply LLC | 460,000 | 496,456 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 34
Transamerica Core Bond
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Principal | Value | |||||||
Electric Utilities (continued) | ||||||||
Progress Energy, Inc. | ||||||||
4.88%, 12/01/2019 (A) | $ 200,000 | $ 232,221 | ||||||
6.00%, 12/01/2039 | 50,000 | 63,459 | ||||||
7.75%, 03/01/2031 | 150,000 | 212,744 | ||||||
Public Service Co., of Colorado | ||||||||
2.25%, 09/15/2022 | 137,000 | 137,056 | ||||||
3.20%, 11/15/2020 | 56,000 | 61,190 | ||||||
Public Service Co., of Oklahoma 5.15%, 12/01/2019 | 133,000 | 155,412 | ||||||
Public Service Electric & Gas Co. 2.70%, 05/01/2015 | 150,000 | 156,507 | ||||||
Public Service Electric & Gas Co., | ||||||||
3.65%, 09/01/2042 | 288,000 | 286,857 | ||||||
5.38%, 11/01/2039 | 28,000 | 35,478 | ||||||
Southern California Edison Co. | ||||||||
3.90%, 12/01/2041 | 660,000 | 680,546 | ||||||
5.50%, 03/15/2040 (A) | 130,000 | 166,429 | ||||||
6.65%, 04/01/2029 | 300,000 | 401,288 | ||||||
Southwestern Public Service Co. 8.75%, 12/01/2018 | 405,000 | 542,813 | ||||||
Virginia Electric and Power Co. | 157,000 | 167,365 | ||||||
Wisconsin Electric Power Co. | ||||||||
2.95%, 09/15/2021 | 26,000 | 27,739 | ||||||
3.65%, 12/15/2042 | 144,000 | 144,203 | ||||||
Xcel Energy, Inc. | ||||||||
4.70%, 05/15/2020 | 50,000 | 59,158 | ||||||
4.80%, 09/15/2041 (A) | 116,000 | 134,209 | ||||||
Electronic Equipment & Instruments - 0.1% | ||||||||
Arrow Electronics, Inc. | ||||||||
3.38%, 11/01/2015 | 75,000 | 77,848 | ||||||
6.00%, 04/01/2020 | 385,000 | 440,443 | ||||||
6.88%, 06/01/2018 | 92,000 | 109,254 | ||||||
Energy Equipment & Services - 0.6% | ||||||||
ANR Pipeline Co. | 200,000 | 304,407 | ||||||
Halliburton Co. | ||||||||
6.15%, 09/15/2019 | 70,000 | 88,488 | ||||||
7.60%, 08/15/2096 - 144A | 160,000 | 248,929 | ||||||
Nabors Industries, Inc. | ||||||||
6.15%, 02/15/2018 | 205,000 | 234,764 | ||||||
9.25%, 01/15/2019 | 400,000 | 513,631 | ||||||
Noble Holding International, Ltd. | ||||||||
3.95%, 03/15/2022 (A) | 87,000 | 91,007 | ||||||
5.25%, 03/15/2042 (A) | 253,000 | 257,454 | ||||||
Schlumberger Investment SA | 344,000 | 373,169 | ||||||
Spectra Energy Capital LLC | ||||||||
6.20%, 04/15/2018 | 325,000 | 393,321 | ||||||
7.50%, 09/15/2038 (A) | 125,000 | 173,450 | ||||||
8.00%, 10/01/2019 | 490,000 | 647,758 | ||||||
Texas Eastern Transmission, LP 2.80%, 10/15/2022 - 144A | 462,000 | 465,934 | ||||||
TransCanada PipeLines, Ltd. | ||||||||
2.50%, 08/01/2022 | 250,000 | 248,665 | ||||||
6.50%, 08/15/2018 | 175,000 | 218,191 | ||||||
7.13%, 01/15/2019 | 400,000 | 509,208 |
Principal | Value | |||||||
Energy Equipment & Services (continued) | ||||||||
Transocean, Inc. | ||||||||
6.38%, 12/15/2021 | $ 161,000 | $ 192,849 | ||||||
6.50%, 11/15/2020 | 500,000 | 592,930 | ||||||
7.35%, 12/15/2041 | 124,000 | 158,111 | ||||||
7.50%, 04/15/2031 | 200,000 | 244,424 | ||||||
Weatherford International, Ltd. | ||||||||
5.95%, 04/15/2042 | 105,000 | 114,934 | ||||||
6.75%, 09/15/2040 | 130,000 | 151,772 | ||||||
9.88%, 03/01/2039 | 655,000 | 979,940 | ||||||
Food & Staples Retailing - 0.2% | ||||||||
CVS Caremark Corp. | 100,000 | 112,885 | ||||||
CVS Pass-Through Trust | 647,833 | 787,920 | ||||||
Kroger Co. | ||||||||
2.20%, 01/15/2017 (A) | 123,000 | 127,085 | ||||||
3.40%, 04/15/2022 (A) | 700,000 | 739,168 | ||||||
5.40%, 07/15/2040 | 51,000 | 56,428 | ||||||
6.15%, 01/15/2020 | 300,000 | 368,086 | ||||||
7.50%, 04/01/2031 | 100,000 | 130,873 | ||||||
8.00%, 09/15/2029 | 175,000 | 235,518 | ||||||
Walgreen Co. | 516,000 | 524,613 | ||||||
Food Products - 0.3% | ||||||||
Bunge, Ltd. Finance Corp. | 310,000 | 404,052 | ||||||
Cargill, Inc. | ||||||||
3.30%, 03/01/2022 - 144A | 560,000 | 577,116 | ||||||
6.00%, 11/27/2017 - 144A | 220,000 | 265,612 | ||||||
7.35%, 03/06/2019 - 144A | 250,000 | 320,239 | ||||||
ConAgra Foods, Inc. | 200,000 | 204,398 | ||||||
Kraft Foods Group, Inc. | ||||||||
5.38%, 02/10/2020 | 318,000 | 382,166 | ||||||
6.13%, 08/23/2018 | 225,000 | 274,304 | ||||||
6.88%, 01/26/2039 | 196,000 | 270,179 | ||||||
Mondelez International, Inc. | ||||||||
5.38%, 02/10/2020 | 291,000 | 348,097 | ||||||
6.50%, 08/11/2017 | 600,000 | 724,288 | ||||||
Gas Utilities - 0.3% | ||||||||
AGL Capital Corp. | ||||||||
3.50%, 09/15/2021 | 601,000 | 652,961 | ||||||
5.25%, 08/15/2019 | 100,000 | 119,567 | ||||||
5.88%, 03/15/2041 | 109,000 | 141,562 | ||||||
6.38%, 07/15/2016 | 300,000 | 349,536 | ||||||
Atmos Energy Corp. | ||||||||
4.95%, 10/15/2014 | 200,000 | 212,268 | ||||||
8.50%, 03/15/2019 | 44,000 | 59,587 | ||||||
Boston Gas Co. | 330,000 | 360,173 | ||||||
CenterPoint Energy Resources Corp. | ||||||||
4.50%, 01/15/2021 | 352,000 | 406,485 | ||||||
5.95%, 01/15/2014 | 150,000 | 155,554 | ||||||
6.13%, 11/01/2017 | 630,000 | 758,374 | ||||||
Health Care Providers & Services - 0.2% | ||||||||
Aetna, Inc. | ||||||||
4.50%, 05/15/2042 | 153,000 | 160,275 | ||||||
6.75%, 12/15/2037 (A) | 305,000 | 415,374 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 35
Transamerica Core Bond
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Principal | Value | |||||||
Health Care Providers & Services (continued) |
| |||||||
Medco Health Solutions, Inc. | ||||||||
2.75%, 09/15/2015 | $ 140,000 | $ 145,879 | ||||||
7.13%, 03/15/2018 | 250,000 | 312,049 | ||||||
UnitedHealth Group, Inc. | 412,000 | 441,219 | ||||||
WellPoint, Inc. | ||||||||
3.13%, 05/15/2022 (A) | 492,000 | 502,508 | ||||||
3.30%, 01/15/2023 | 105,000 | 108,294 | ||||||
4.63%, 05/15/2042 | 400,000 | 424,740 | ||||||
4.65%, 01/15/2043 | 38,000 | 40,397 | ||||||
Household Durables - 0.0% (E) | ||||||||
Newell Rubbermaid, Inc. | 183,000 | 206,079 | ||||||
Household Products - 0.0% (E) | ||||||||
Kimberly-Clark Corp. | 68,000 | 69,222 | ||||||
Independent Power Producers & Energy Traders - 0.2% | ||||||||
Exelon Generation Co., LLC | ||||||||
4.00%, 10/01/2020 (A) | 600,000 | 643,511 | ||||||
5.75%, 10/01/2041 (A) | 86,000 | 98,272 | ||||||
PSEG Power LLC | ||||||||
4.15%, 09/15/2021 | 417,000 | 456,276 | ||||||
5.13%, 04/15/2020 | 151,000 | 174,319 | ||||||
5.32%, 09/15/2016 (A) | 800,000 | 903,949 | ||||||
5.50%, 12/01/2015 | 100,000 | 110,852 | ||||||
Southern Power Co. | 360,000 | 416,892 | ||||||
Industrial Conglomerates - 0.1% | ||||||||
Danaher Corp. | 261,000 | 294,485 | ||||||
Koninklijke Philips Electronics NV | ||||||||
3.75%, 03/15/2022 | 606,000 | 656,771 | ||||||
7.20%, 06/01/2026 | 500,000 | 663,192 | ||||||
Insurance - 1.0% | ||||||||
Aflac, Inc. | ||||||||
4.00%, 02/15/2022 (A) | 466,000 | 511,354 | ||||||
6.45%, 08/15/2040 | 108,000 | 141,880 | ||||||
8.50%, 05/15/2019 | 235,000 | 319,044 | ||||||
AIG SunAmerica Global Financing X | 800,000 | 1,072,903 | ||||||
Allstate Corp. | ||||||||
5.00%, 08/15/2014 | 70,000 | 73,958 | ||||||
7.45%, 05/16/2019 | 100,000 | 131,991 | ||||||
Aon Corp. | ||||||||
3.13%, 05/27/2016 | 235,000 | 248,886 | ||||||
3.50%, 09/30/2015 | 46,000 | 48,660 | ||||||
6.25%, 09/30/2040 (A) | 83,000 | 110,179 | ||||||
Berkshire Hathaway Finance Corp. | ||||||||
4.40%, 05/15/2042 | 268,000 | 277,307 | ||||||
5.75%, 01/15/2040 | 100,000 | 123,767 | ||||||
Berkshire Hathaway, Inc. | 727,000 | 802,897 | ||||||
CNA Financial Corp. | ||||||||
5.85%, 12/15/2014 | 200,000 | 214,907 | ||||||
5.88%, 08/15/2020 | 282,000 | 337,223 | ||||||
Jackson National Life Global Funding | 1,400,000 | 1,540,521 | ||||||
Liberty Mutual Group, Inc. | 200,000 | 222,059 |
Principal | Value | |||||||
Insurance (continued) | ||||||||
Lincoln National Corp. | ||||||||
4.20%, 03/15/2022 (A) | $ 53,000 | $ 58,767 | ||||||
4.85%, 06/24/2021 | 58,000 | 66,533 | ||||||
Massachusetts Mutual Life Insurance Co. | 297,000 | 354,635 | ||||||
Metropolitan Life Global Funding I | ||||||||
3.65%, 06/14/2018 - 144A | 520,000 | 572,728 | ||||||
3.88%, 04/11/2022 - 144A | 720,000 | 784,094 | ||||||
Nationwide Mutual Insurance Co. | ||||||||
6.60%, 04/15/2034 - 144A | 260,000 | 269,100 | ||||||
9.38%, 08/15/2039 - 144A | 625,000 | 941,451 | ||||||
New York Life Global Funding 4.65%, 05/09/2013 - 144A | 150,000 | 150,110 | ||||||
Pacific Life Global Funding 5.00%, 05/15/2017 - 144A | 100,000 | 106,455 | ||||||
Pacific Life Insurance Co. | 750,000 | 1,122,936 | ||||||
Principal Life Global Funding II 1.00%, 12/11/2015 - 144A | 145,000 | 145,518 | ||||||
Prudential Insurance Co. of America | 900,000 | 1,256,418 | ||||||
Travelers Property Casualty Corp. | 450,000 | 631,881 | ||||||
Internet Software & Services - 0.1% | ||||||||
eBay, Inc. | ||||||||
2.60%, 07/15/2022 | 117,000 | 117,699 | ||||||
3.25%, 10/15/2020 (A) | 420,000 | 454,899 | ||||||
4.00%, 07/15/2042 | 133,000 | 125,296 | ||||||
IT Services - 0.2% | ||||||||
HP Enterprise Services LLC 7.45%, 10/15/2029 (A) | 500,000 | 592,467 | ||||||
International Business Machines Corp. | ||||||||
1.25%, 02/06/2017 | 315,000 | 319,322 | ||||||
1.88%, 05/15/2019 (A) | 420,000 | 432,290 | ||||||
4.00%, 06/20/2042 | 169,000 | 174,857 | ||||||
7.00%, 10/30/2025 | 508,000 | 727,272 | ||||||
Machinery - 0.1% | ||||||||
Caterpillar, Inc. | ||||||||
1.50%, 06/26/2017 | 115,000 | 117,339 | ||||||
2.60%, 06/26/2022 (A) | 123,000 | 126,203 | ||||||
7.90%, 12/15/2018 | 250,000 | 335,423 | ||||||
Deere & Co. | ||||||||
2.60%, 06/08/2022 | 119,000 | 121,604 | ||||||
3.90%, 06/09/2042 | 107,000 | 108,815 | ||||||
Illinois Tool Works, Inc. | 624,000 | 623,757 | ||||||
Media - 1.0% | ||||||||
CBS Corp. | ||||||||
4.85%, 07/01/2042 (A) | 320,000 | 331,505 | ||||||
5.50%, 05/15/2033 | 150,000 | 162,968 | ||||||
5.75%, 04/15/2020 | 63,000 | 75,388 | ||||||
7.88%, 07/30/2030 | 130,000 | 179,675 | ||||||
8.88%, 05/15/2019 | 100,000 | 133,783 | ||||||
Comcast Cable Holdings LLC | 414,000 | 605,341 | ||||||
Comcast Corp. | ||||||||
6.50%, 11/15/2035 | 100,000 | 133,614 | ||||||
7.05%, 03/15/2033 | 1,300,000 | 1,810,589 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 36
Transamerica Core Bond
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Principal | Value | |||||||
Media (continued) | ||||||||
COX Communications, Inc. | $ 16,000 | $ 17,249 | ||||||
COX Enterprises, Inc. | 200,000 | 265,469 | ||||||
DIRECTV Holdings LLC / DIRECTV Financing Co., Inc. | ||||||||
3.80%, 03/15/2022 | 500,000 | 525,156 | ||||||
4.60%, 02/15/2021 | 400,000 | 445,731 | ||||||
6.00%, 08/15/2040 | 700,000 | 783,069 | ||||||
6.38%, 03/01/2041 | 240,000 | 279,952 | ||||||
Discovery Communications LLC | 344,000 | 385,605 | ||||||
Historic TW, Inc. | 200,000 | 295,850 | ||||||
NBCUniversal Media LLC | 210,000 | 268,752 | ||||||
News America, Inc. | ||||||||
6.20%, 12/15/2034 | 250,000 | 308,259 | ||||||
6.65%, 11/15/2037 | 200,000 | 258,096 | ||||||
7.25%, 05/18/2018 | 155,000 | 197,013 | ||||||
7.30%, 04/30/2028 | 130,000 | 167,964 | ||||||
7.70%, 10/30/2025 | 300,000 | 400,382 | ||||||
8.88%, 04/26/2023 | 200,000 | 280,088 | ||||||
TCI Communications, Inc. | 100,000 | 138,374 | ||||||
Thomson Reuters Corp. | ||||||||
3.95%, 09/30/2021 | 1,005,000 | 1,097,727 | ||||||
4.70%, 10/15/2019 | 75,000 | 86,911 | ||||||
Time Warner Cable, Inc. | ||||||||
6.55%, 05/01/2037 | 700,000 | 844,863 | ||||||
6.75%, 07/01/2018 | 40,000 | 49,676 | ||||||
7.30%, 07/01/2038 | 90,000 | 116,318 | ||||||
Time Warner Entertainment Co., LP | 250,000 | 358,446 | ||||||
Time Warner, Inc. | ||||||||
4.75%, 03/29/2021 | 140,000 | 162,521 | ||||||
6.25%, 03/29/2041 | 37,000 | 46,118 | ||||||
6.50%, 11/15/2036 | 50,000 | 62,880 | ||||||
7.63%, 04/15/2031 | 300,000 | 423,781 | ||||||
7.70%, 05/01/2032 | 100,000 | 142,318 | ||||||
Viacom, Inc. | 606,000 | 659,186 | ||||||
Metals & Mining - 0.3% | ||||||||
BHP Billiton Finance USA, Ltd. | ||||||||
3.25%, 11/21/2021 | 670,000 | 717,798 | ||||||
4.13%, 02/24/2042 (A) | 300,000 | 317,948 | ||||||
6.50%, 04/01/2019 | 270,000 | 343,842 | ||||||
Freeport-McMoRan Copper & Gold, Inc. | 150,000 | 150,939 | ||||||
Placer Dome, Inc. | 399,000 | 461,577 | ||||||
Rio Tinto Finance USA, Ltd. | ||||||||
3.50%, 11/02/2020 | 80,000 | 85,072 | ||||||
3.75%, 09/20/2021 | 941,000 | 1,005,529 | ||||||
Multi-Utilities - 0.4% | ||||||||
CenterPoint Energy, Inc. | 180,000 | 222,292 | ||||||
Consolidated Edison Co., of New York, Inc. 5.70%, 06/15/2040 | 154,000 | 200,070 |
Principal | Value | |||||||
Multi-Utilities (continued) | ||||||||
Consumers Energy Co. | ||||||||
2.85%, 05/15/2022 | $ 121,000 | $ 126,854 | ||||||
6.70%, 09/15/2019 | 100,000 | 129,711 | ||||||
Delmarva Power & Light Co. | 294,000 | 306,832 | ||||||
Dominion Resources, Inc. | ||||||||
4.90%, 08/01/2041 | 103,000 | 117,607 | ||||||
5.25%, 08/01/2033 | 500,000 | 585,982 | ||||||
6.00%, 11/30/2017 | 450,000 | 540,798 | ||||||
6.40%, 06/15/2018 | 170,000 | 209,950 | ||||||
MidAmerican Energy Holdings Co. | 310,000 | 399,840 | ||||||
San Diego Gas & Electric Co. 6.00%, 06/01/2026 | 320,000 | 428,771 | ||||||
Sempra Energy | ||||||||
6.00%, 10/15/2039 | 150,000 | 191,397 | ||||||
9.80%, 02/15/2019 | 764,000 | 1,078,773 | ||||||
Multiline Retail - 0.1% | ||||||||
Kohl’s Corp. | 262,000 | 276,605 | ||||||
Macy’s Retail Holdings, Inc. | ||||||||
5.13%, 01/15/2042 | 100,000 | 108,207 | ||||||
6.90%, 04/01/2029 | 200,000 | 247,571 | ||||||
7.45%, 07/15/2017 | 240,000 | 295,944 | ||||||
Nordstrom, Inc. | 301,000 | 338,686 | ||||||
Office Electronics - 0.1% | ||||||||
Xerox Corp. | ||||||||
4.50%, 05/15/2021 (A) | 80,000 | 87,049 | ||||||
5.63%, 12/15/2019 | 535,000 | 620,157 | ||||||
6.75%, 02/01/2017 | 330,000 | 383,439 | ||||||
8.25%, 05/15/2014 | 90,000 | 96,777 | ||||||
Oil, Gas & Consumable Fuels - 1.4% | ||||||||
Alberta Energy Co., Ltd. | 500,000 | 645,645 | ||||||
Anadarko Finance Co. | 530,000 | 728,557 | ||||||
Anadarko Holding Co. | 552,000 | 677,365 | ||||||
Anadarko Petroleum Corp. | 150,000 | 202,515 | ||||||
Apache Corp. | ||||||||
2.63%, 01/15/2023 | 192,000 | 190,366 | ||||||
3.25%, 04/15/2022 | 152,000 | 159,832 | ||||||
4.75%, 04/15/2043 (A) | 268,000 | 282,846 | ||||||
6.90%, 09/15/2018 | 180,000 | 227,303 | ||||||
BG Energy Capital PLC | 200,000 | 234,162 | ||||||
BP Capital Markets PLC | ||||||||
1.85%, 05/05/2017 (A) | 429,000 | 442,223 | ||||||
3.25%, 05/06/2022 | 462,000 | 487,506 | ||||||
4.74%, 03/11/2021 | 100,000 | 117,417 | ||||||
Burlington Resources Finance Co. | 290,000 | 415,876 | ||||||
Canadian Natural Resources, Ltd. | 150,000 | 187,518 | ||||||
Cenovus Energy, Inc. | ||||||||
3.00%, 08/15/2022 (A) | 91,000 | 93,038 | ||||||
4.45%, 09/15/2042 (A) | 223,000 | 224,744 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 37
Transamerica Core Bond
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Principal | Value | |||||||
Oil, Gas & Consumable Fuels (continued) | ||||||||
ConocoPhillips | ||||||||
6.00%, 01/15/2020 | $ 105,000 | $ 132,752 | ||||||
6.65%, 07/15/2018 (A) | 350,000 | 439,874 | ||||||
Devon Energy Corp. | ||||||||
4.75%, 05/15/2042 (A) | 224,000 | 231,042 | ||||||
6.30%, 01/15/2019 | 600,000 | 724,721 | ||||||
EnCana Corp. | 150,000 | 184,086 | ||||||
ENI SpA | 900,000 | 960,914 | ||||||
EOG Resources, Inc. | ||||||||
2.63%, 03/15/2023 | 236,000 | 237,429 | ||||||
4.10%, 02/01/2021 (A) | 300,000 | 342,326 | ||||||
Hess Corp. | 620,000 | 833,762 | ||||||
Kerr-McGee Corp. | 300,000 | 403,621 | ||||||
Occidental Petroleum Corp. | ||||||||
1.75%, 02/15/2017 (A) | 208,000 | 214,577 | ||||||
2.70%, 02/15/2023 (A) | 882,000 | 897,252 | ||||||
Petro-Canada | ||||||||
5.35%, 07/15/2033 | 100,000 | 114,043 | ||||||
6.05%, 05/15/2018 | 312,000 | 376,735 | ||||||
7.88%, 06/15/2026 | 100,000 | 144,543 | ||||||
Petrobras International Finance Co. | 400,000 | 441,707 | ||||||
Phillips 66 | ||||||||
2.95%, 05/01/2017 | 161,000 | 171,385 | ||||||
4.30%, 04/01/2022 | 130,000 | 145,119 | ||||||
Shell International Finance BV | ||||||||
4.30%, 09/22/2019 | 300,000 | 349,220 | ||||||
4.38%, 03/25/2020 | 410,000 | 481,207 | ||||||
6.38%, 12/15/2038 | 100,000 | 142,928 | ||||||
Statoil ASA | ||||||||
3.15%, 01/23/2022 | 313,000 | 336,347 | ||||||
4.25%, 11/23/2041 (A) | 236,000 | 255,614 | ||||||
5.25%, 04/15/2019 | 630,000 | 762,875 | ||||||
Suncor Energy, Inc. | ||||||||
5.95%, 12/01/2034 | 400,000 | 490,768 | ||||||
6.10%, 06/01/2018 | 250,000 | 303,183 | ||||||
Talisman Energy, Inc. | 385,000 | 491,360 | ||||||
Tosco Corp. | ||||||||
7.80%, 01/01/2027 | 160,000 | 235,853 | ||||||
8.13%, 02/15/2030 | 230,000 | 345,810 | ||||||
Total Capital International SA | ||||||||
0.75%, 01/25/2016 | 102,000 | 102,308 | ||||||
1.55%, 06/28/2017 | 187,000 | 190,727 | ||||||
2.88%, 02/17/2022 (A) | 688,000 | 720,391 | ||||||
Total Capital SA | 82,000 | 93,724 | ||||||
Pharmaceuticals - 0.1% | ||||||||
Novartis Capital Corp. | 360,000 | 362,563 | ||||||
Teva Pharmaceutical Finance Co., BV | 830,000 | 897,861 | ||||||
Watson Pharmaceuticals, Inc. | 162,000 | 161,411 |
Principal | Value | |||||||
Real Estate Investment Trusts - 0.3% | ||||||||
CommonWealth REIT | ||||||||
5.88%, 09/15/2020 (A) | $ 400,000 | $ 437,414 | ||||||
6.65%, 01/15/2018 | 215,000 | 244,139 | ||||||
ERP Operating, LP | ||||||||
4.63%, 12/15/2021 | 479,000 | 546,680 | ||||||
5.75%, 06/15/2017 | 120,000 | 140,925 | ||||||
HCP, Inc. | ||||||||
3.75%, 02/01/2019 | 232,000 | 251,540 | ||||||
5.38%, 02/01/2021 | 105,000 | 124,546 | ||||||
Simon Property Group, LP | ||||||||
4.38%, 03/01/2021 | 210,000 | 239,030 | ||||||
5.65%, 02/01/2020 | 247,000 | 301,952 | ||||||
6.75%, 05/15/2014 | 50,000 | 52,367 | ||||||
10.35%, 04/01/2019 | 220,000 | 319,964 | ||||||
WEA Finance LLC | 260,000 | 323,220 | ||||||
WEA Finance LLC / WT Finance AUST Pty, Ltd. | ||||||||
3.38%, 10/03/2022 - 144A | 363,000 | 374,843 | ||||||
6.75%, 09/02/2019 - 144A | 580,000 | 720,478 | ||||||
Road & Rail - 0.3% | ||||||||
Burlington Northern Santa Fe LLC | ||||||||
3.45%, 09/15/2021 | 176,000 | 189,893 | ||||||
3.60%, 09/01/2020 | 125,000 | 137,180 | ||||||
4.70%, 10/01/2019 (A) | 75,000 | 87,826 | ||||||
5.75%, 05/01/2040 | 500,000 | 617,719 | ||||||
7.29%, 06/01/2036 | 90,000 | 126,929 | ||||||
Canadian National Railway Co. | 180,000 | 217,105 | ||||||
CSX Corp. | ||||||||
4.25%, 06/01/2021 | 65,000 | 73,756 | ||||||
7.38%, 02/01/2019 | 350,000 | 447,918 | ||||||
7.90%, 05/01/2017 | 400,000 | 495,767 | ||||||
Norfolk Southern Corp. | ||||||||
3.25%, 12/01/2021 (A) | 166,000 | 176,272 | ||||||
6.00%, 03/15/2105 | 160,000 | 201,447 | ||||||
Ryder System, Inc., | ||||||||
2.50%, 03/01/2017 (A) | 440,000 | 454,205 | ||||||
3.60%, 03/01/2016 | 132,000 | 138,677 | ||||||
Union Pacific Corp. | ||||||||
2.95%, 01/15/2023 | 43,000 | 44,822 | ||||||
4.16%, 07/15/2022 | 306,000 | 349,084 | ||||||
4.30%, 06/15/2042 | 148,000 | 156,774 | ||||||
5.78%, 07/15/2040 | 300,000 | 382,031 | ||||||
Semiconductors & Semiconductor Equipment - 0.1% |
| |||||||
Intel Corp. | ||||||||
3.30%, 10/01/2021 | 586,000 | 623,874 | ||||||
4.80%, 10/01/2041 | 535,000 | 576,591 | ||||||
National Semiconductor Corp. | 200,000 | 242,549 | ||||||
Software - 0.1% | ||||||||
Intuit, Inc. | 70,000 | 80,174 | ||||||
Microsoft Corp. | 70,000 | 77,636 | ||||||
Oracle Corp. | ||||||||
5.00%, 07/08/2019 | 100,000 | 119,229 | ||||||
5.38%, 07/15/2040 | 123,000 | 149,665 | ||||||
6.13%, 07/08/2039 | 731,000 | 965,518 | ||||||
6.50%, 04/15/2038 | 200,000 | 274,849 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 38
Transamerica Core Bond
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Principal | Value | |||||||
Specialty Retail - 0.2% | ||||||||
Gap, Inc. | $ 913,000 | $ 1,075,562 | ||||||
Lowe’s Cos., Inc. | ||||||||
4.65%, 04/15/2042 | 443,000 | 486,692 | ||||||
5.13%, 11/15/2041 | 189,000 | 217,024 | ||||||
5.50%, 10/15/2035 | 140,000 | 166,696 | ||||||
Lowe’s Cos., Inc., | 120,000 | 166,549 | ||||||
Transportation Infrastructure - 0.0% (E) |
| |||||||
Penske Truck Leasing Co., LP / PTL Finance Corp. | 500,000 | 550,503 | ||||||
Water Utilities - 0.1% | ||||||||
American Water Capital Corp. | 780,000 | 931,603 | ||||||
Wireless Telecommunication Services - 0.1% |
| |||||||
America Movil SAB de CV | ||||||||
2.38%, 09/08/2016 | 421,000 | 437,348 | ||||||
3.13%, 07/16/2022 | 236,000 | 240,160 | ||||||
Crown Castle Towers LLC | 290,000 | 302,348 | ||||||
Vodafone Group PLC | ||||||||
1.63%, 03/20/2017 | 470,000 | 475,796 | ||||||
5.45%, 06/10/2019 | 75,000 | 89,899 | ||||||
|
| |||||||
Total Corporate Debt Securities (cost $207,122,361) |
| 228,726,622 | ||||||
|
| |||||||
CONVERTIBLE BONDS - 0.0% (E) | ||||||||
Consumer Finance - 0.0% (E) | ||||||||
American Express Credit Corp., | 277,000 | 290,871 |
Principal | Value | |||||||
Diversified Financial Services - 0.0% (E) |
| |||||||
Citigroup, Inc. | $ 110,000 | $ 111,969 | ||||||
|
| |||||||
Total Convertible Bonds (cost $387,019) |
| 402,840 | ||||||
|
| |||||||
Shares | Value | |||||||
SECURITIES LENDING COLLATERAL - 6.0% |
| |||||||
State Street Navigator Securities Lending Trust - Prime Portfolio, 0.18% (B) | 75,077,741 | 75,077,741 | ||||||
|
| |||||||
Total Securities Lending Collateral (cost $75,077,741) |
| 75,077,741 | ||||||
|
| |||||||
Principal | Value | |||||||
REPURCHASE AGREEMENT - 1.4% | ||||||||
State Street Bank & Trust Co. | $ 16,855,795 | 16,855,795 | ||||||
|
| |||||||
Total Repurchase Agreement (cost $16,855,795) |
| 16,855,795 | ||||||
|
| |||||||
Total Investment Securities (cost $1,189,361,891) (H) |
| 1,262,454,067 | ||||||
Other Assets and Liabilities - Net | (21,652,039 | ) | ||||||
|
| |||||||
Net Assets | $ 1,240,802,028 | |||||||
|
|
NOTES TO SCHEDULE OF INVESTMENTS:
(A) | All or a portion of this security is on loan. The value of all securities on loan is $73,549,621. The amount of securities on loan indicated may not correspond with the securities on loan identified because securities with pending sales are in the process of recall from the brokers. |
(B) | Rate shown reflects the yield at April 30, 2013. |
(C) | Floating or variable rate note. Rate is listed as of April 30, 2013. |
(D) | 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 $818,055, or 0.07% of the fund’s net assets. |
(E) | Percentage rounds to less than 0.1%. |
(F) | Step bond - Coupon rate changes in increments to maturity. Rate disclosed is as of April 30, 2013. Maturity date disclosed is the ultimate maturity date. |
(G) | When-issued security. A conditional transaction in a security authorized for issuance, but not yet issued. |
(H) | Aggregate cost for federal income tax purposes is $1,189,361,891. Aggregate gross unrealized appreciation and depreciation for all securities in which there is an excess of value over tax cost were $76,981,608 and $3,889,432, respectively. Net unrealized appreciation for tax purposes is $73,092,176. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 39
Transamerica Core Bond
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
DEFINITIONS:
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 April 30, 2013, these securities aggregated $144,453,092, or 11.64% of the fund’s net assets. | |
GMTN | Global Medium Term Note | |
IO | Interest Only | |
MTN | Medium Term Note | |
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 |
VALUATION SUMMARY: (I)
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
ASSETS | ||||||||||||||||
Investment Securities | ||||||||||||||||
U.S. Government Obligations | $ | — | $ | 150,777,067 | $ | — | $ | 150,777,067 | ||||||||
U.S. Government Agency Obligations | — | 544,564,882 | — | 544,564,882 | ||||||||||||
Foreign Government Obligations | — | 35,968,542 | — | 35,968,542 | ||||||||||||
Mortgage-Backed Securities | — | 168,654,901 | — | 168,654,901 | ||||||||||||
Asset-Backed Securities | — | 36,183,502 | — | 36,183,502 | ||||||||||||
Municipal Government Obligations | — | 5,242,175 | — | 5,242,175 | ||||||||||||
Corporate Debt Securities | — | 228,726,622 | — | 228,726,622 | ||||||||||||
Convertible Bonds | — | 402,840 | — | 402,840 | ||||||||||||
Securities Lending Collateral | 75,077,741 | — | — | 75,077,741 | ||||||||||||
Repurchase Agreement | — | 16,855,795 | — | 16,855,795 | ||||||||||||
Total Investment Securities | $ | 75,077,741 | $ | 1,187,376,326 | $ | — | $ | 1,262,454,067 | ||||||||
Other Assets (J) | ||||||||||||||||
Cash | $ | 2,654 | $ | — | $ | — | $ | 2,654 | ||||||||
Total Other Assets | $ | 2,654 | $ | — | $ | — | $ | 2,654 | ||||||||
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
LIABILITIES | ||||||||||||||||
Other Liabilities (J) | ||||||||||||||||
Collateral for Securities on Loan | $ | — | $ | (75,077,741 | ) | $ | — | $ | (75,077,741 | ) | ||||||
Total Other Liabilities | $ | — | $ | (75,077,741 | ) | $ | — | $ | (75,077,741 | ) |
(I) | Transfers between levels are considered to have occurred at the end of the reporting period. There were no transfers between Levels 1 and 2 during the period ended April 30, 2013. See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
(J) | Certain assets and liabilities are held at carrying amount or face value, which approximates fair value for financial reporting purposes. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 40
Transamerica Developing Markets Equity
SCHEDULE OF INVESTMENTS
At April 30, 2013
(unaudited)
Shares | Value | |||||||
PREFERRED STOCKS - 1.8% |
| |||||||
Brazil - 1.3% |
| |||||||
Lojas Americanas SA, 0.60% (A) | 772,734 | $ 6,805,235 | ||||||
Colombia - 0.5% | ||||||||
Banco Davivienda SA, 2.21% (A) | 201,631 | 2,697,863 | ||||||
|
| |||||||
Total Preferred Stocks (cost $8,184,445) |
| 9,503,098 | ||||||
|
| |||||||
COMMON STOCKS - 94.3% | ||||||||
Brazil - 10.4% | ||||||||
B2W Cia Global Do Varejo (B) | 191,516 | 1,100,804 | ||||||
Banco Bradesco SA - ADR (C) | 307,569 | 5,102,570 | ||||||
BM&FBovespa SA | 1,327,046 | 9,212,880 | ||||||
Cia de Bebidas das Americas - ADR | 56,100 | 2,357,322 | ||||||
Diagnosticos da America SA | 433,300 | 2,377,925 | ||||||
Embraer SA - ADR | 144,120 | 5,034,111 | ||||||
Estacio Participacoes SA | 207,300 | 4,942,252 | ||||||
Kroton Educacional SA | 374,542 | 5,241,622 | ||||||
MRV Engenharia e Participacoes SA | 459,500 | 1,975,109 | ||||||
Natura Cosmeticos SA | 254,200 | 6,437,743 | ||||||
Petroleo Brasileiro SA - Class A ADR | 426,700 | 8,521,199 | ||||||
SUL America SA | 311,766 | 2,313,995 | ||||||
Chile - 1.0% | ||||||||
Cencosud SA | 907,751 | 5,126,350 | ||||||
SACI Falabella | 22,787 | 260,554 | ||||||
China - 6.4% | ||||||||
Baidu, Inc. - ADR (B) (C) | 216,010 | 18,544,458 | ||||||
Ctrip.com International, Ltd. - ADR (B) (C) | 209,690 | 4,608,986 | ||||||
Home Inns & Hotels Management, Inc. - ADR (B) | 77,930 | 1,942,016 | ||||||
NetEase, Inc. - ADR | 58,210 | 3,282,462 | ||||||
New Oriental Education & Technology Group - ADR | 187,010 | 3,577,501 | ||||||
Youku Tudou, Inc. - ADR (B) (C) | 98,500 | 1,995,610 | ||||||
Colombia - 1.1% | ||||||||
Almacenes Exito SA | 167,856 | 2,751,791 | ||||||
Bancolombia SA - ADR | 46,160 | 3,128,263 | ||||||
Denmark - 2.0% | ||||||||
Carlsberg AS - Class B | 104,108 | 9,663,979 | ||||||
FLSmidth & Co. A/S (C) | 18,649 | 1,084,792 | ||||||
Egypt - 0.4% | ||||||||
Commercial International Bank Egypt SAE | 499,513 | 2,201,409 | ||||||
Hong Kong - 13.2% | ||||||||
AIA Group, Ltd. | 1,241,000 | 5,509,230 | ||||||
China Oilfield Services, Ltd. - Class H | 674,000 | 1,328,866 | ||||||
CNOOC, Ltd. | 3,346,000 | 6,226,199 | ||||||
Hang Lung Group, Ltd. | 423,750 | 2,495,490 | ||||||
Hang Lung Properties, Ltd. | 1,424,549 | 5,525,528 | ||||||
Hong Kong Exchanges and Clearing, Ltd. (C) | 376,887 | 6,337,990 | ||||||
Prada SpA | 719,800 | 6,409,435 | ||||||
Shandong Weigao Group Medical Polymer Co., Ltd. - Class H (C) | 2,805,000 | 2,692,892 | ||||||
Sinopharm Group Co., Ltd. - Class H (C) (D) | 1,433,800 | 4,258,821 | ||||||
Soho China, Ltd. (C) | 2,548,000 | 2,199,906 | ||||||
Tencent Holdings, Ltd. | 328,400 | 11,256,793 | ||||||
Tingyi Cayman Islands Holding Corp. (C) | 2,727,000 | 7,555,331 | ||||||
Tsingtao Brewery Co., Ltd. - Class H (C) | 246,000 | 1,648,422 | ||||||
Want Want China Holdings, Ltd. (C) | 3,995,000 | 6,332,158 | ||||||
India - 14.4% | ||||||||
Ambuja Cements, Ltd. | 787,572 | 2,748,279 | ||||||
Apollo Hospitals Enterprise, Ltd. | 169,103 | 2,607,090 |
Shares | Value | |||||||
India (continued) | ||||||||
Asian Paints, Ltd. | 29,485 | $ 2,563,977 | ||||||
Cipla, Ltd. | 437,372 | 3,296,831 | ||||||
Colgate-Palmolive India, Ltd. | 120,342 | 3,243,370 | ||||||
DLF Ltd. | 902,516 | 3,972,746 | ||||||
HDFC Bank, Ltd. - ADR | 121,800 | 5,169,192 | ||||||
Hindustan Unilever, Ltd. | 639,523 | 6,917,532 | ||||||
Housing Development Finance Corp. | 692,976 | 10,899,821 | ||||||
ICICI Bank, Ltd. - ADR | 185,630 | 8,691,197 | ||||||
Infosys, Ltd. | 194,645 | 8,063,993 | ||||||
Marico, Ltd. | 518,114 | 2,165,260 | ||||||
Sun Pharmaceuticals Industries, Ltd. | 96,246 | 1,695,716 | ||||||
Tata Consultancy Services, Ltd. | 185,799 | 4,746,625 | ||||||
Ultratech Cement, Ltd. | 41,774 | 1,480,990 | ||||||
United Spirits, Ltd. | 29,939 | 1,234,181 | ||||||
Zee Entertainment Enterprises, Ltd. | 1,456,051 | 6,324,194 | ||||||
Indonesia - 1.5% | ||||||||
Astra International PT | 7,247,500 | 5,478,953 | ||||||
Semen Indonesia Persero Tbk PT | 261,000 | 493,947 | ||||||
Unilever Indonesia PT | 573,500 | 1,548,406 | ||||||
United Tractors Tbk PT | 336,000 | 613,423 | ||||||
Italy - 1.0% | ||||||||
Saipem SpA | 69,524 | 1,968,533 | ||||||
Salvatore Ferragamo Italia SpA - Class A | 112,343 | 3,354,030 | ||||||
Korea, Republic of - 3.5% | ||||||||
E-Mart Co., Ltd. | 13,854 | 2,704,631 | ||||||
NHN Corp. | 48,770 | 13,108,072 | ||||||
Shinsegae Co., Ltd. | 11,821 | 2,538,515 | ||||||
Luxembourg - 1.5% | ||||||||
Tenaris SA - ADR (C) | 183,260 | 8,153,237 | ||||||
Malaysia - 1.1% | ||||||||
Genting Bhd | 1,747,000 | 6,029,088 | ||||||
Mexico - 6.2% | ||||||||
America Movil SAB de CV - Series L ADR | 722,020 | 15,436,788 | ||||||
Fomento Economico Mexicano SAB de CV (C) | 716,587 | 8,126,470 | ||||||
Grupo Financiero Inbursa SAB de CV - Class O (C) | 801,315 | 2,324,297 | ||||||
Grupo Televisa SAB - ADR | 99,650 | 2,523,138 | ||||||
Wal-Mart de Mexico SAB de CV - Series V | 1,297,669 | 4,116,700 | ||||||
Netherlands - 1.1% | ||||||||
Heineken NV (C) | 79,392 | 5,606,257 | ||||||
Philippines - 2.7% | ||||||||
Jollibee Foods Corp. | 849,530 | 2,652,201 | ||||||
SM Investments Corp. | 212,040 | 5,898,586 | ||||||
SM Prime Holdings, Inc. | 11,489,163 | 5,582,684 | ||||||
Russian Federation - 2.2% | ||||||||
Magnit OJSC (E) | 54,339 | 11,588,879 | ||||||
Singapore - 0.3% | ||||||||
Jardine Strategic Holdings, Ltd. (C) | 45,000 | 1,755,000 | ||||||
South Africa - 2.7% | ||||||||
ABSA Group, Ltd. | 129,917 | 2,138,234 | ||||||
Impala Platinum Holdings, Ltd. (C) | 256,599 | 3,501,768 | ||||||
MTN Group, Ltd. | 321,321 | 5,792,981 | ||||||
Standard Bank Group, Ltd. | 211,065 | 2,636,695 | ||||||
Switzerland - 0.5% | ||||||||
Cie Financiere Richemont SA | 32,182 | 2,599,342 | ||||||
Taiwan - 2.1% | ||||||||
Epistar Corp. | 718,500 | 1,265,994 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 41
Transamerica Developing Markets Equity
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Shares | Value | |||||||
Taiwan (continued) | ||||||||
Synnex Technology International Corp. | 1,179,801 | $ 1,994,852 | ||||||
Taiwan Semiconductor Manufacturing Co., Ltd. | 2,054,459 | 7,622,772 | ||||||
Thailand - 0.6% | ||||||||
Siam Commercial Bank PCL | 525,100 | 3,327,721 | ||||||
Turkey - 4.2% | ||||||||
Akbank TAS - Class A | 497,500 | 2,614,112 | ||||||
Anadolu Efes Biracilik Ve Malt Sanayii AS - Class B | 239,853 | 3,986,954 | ||||||
BIM Birlesik Magazalar AS | 52,283 | 2,683,049 | ||||||
Enka Insaat ve Sanayi AS | 640,412 | 1,979,016 | ||||||
Haci OMER Sabanci Holding AS | 1,292,059 | 8,035,955 | ||||||
Turkiye Garanti Bankasi AS | 492,109 | 2,717,545 | ||||||
United Kingdom - 11.1% | ||||||||
Anglo American PLC | 396,161 | 9,630,644 | ||||||
Antofagasta PLC - Class A | 166,810 | 2,325,551 | ||||||
BG Group PLC | 434,350 | 7,317,094 | ||||||
Eurasia Drilling Co., Ltd. - GDR, Reg S | 76,304 | 2,983,486 | ||||||
Glencore International PLC (C) | 583,350 | 2,872,032 | ||||||
Mail.ru Group, Ltd. - GDR, Reg S | 87,500 | 2,362,500 | ||||||
NovaTek OAO - GDR, Reg S | 99,700 | 10,089,640 | ||||||
SABMiller PLC | 140,350 | 7,561,769 | ||||||
Tullow Oil PLC | 444,390 | 6,909,834 | ||||||
Unilever PLC | 143,524 | 6,211,191 |
Shares | Value | |||||||
United States - 3.1% | ||||||||
Almacenes Exito SA - 144A, GDR | 191,700 | $ 3,141,100 | ||||||
Inretail Peru Corp. - 144A (B) (D) (E) | 67,690 | 1,624,560 | ||||||
MercadoLibre, Inc. (C) | 39,910 | 4,014,547 | ||||||
Yandex NV - Class A (B) (C) | 288,850 | 7,434,999 | ||||||
|
| |||||||
Total Common Stocks (cost $471,688,818) |
| 497,361,530 | ||||||
|
| |||||||
SECURITIES LENDING COLLATERAL - 7.8% |
| |||||||
State Street Navigator Securities Lending Trust - Prime Portfolio, 0.18% (A) | 41,420,121 | 41,420,121 | ||||||
|
| |||||||
Total Securities Lending Collateral (cost $41,420,121) |
| 41,420,121 | ||||||
|
| |||||||
Principal | Value | |||||||
REPURCHASE AGREEMENT - 4.0% |
| |||||||
State Street Bank & Trust Co. | $ 20,906,806 | 20,906,806 | ||||||
|
| |||||||
Total Repurchase Agreement (cost $20,906,806) |
| 20,906,806 | ||||||
|
| |||||||
Total Investment Securities (cost $542,200,190) (F) |
| 569,191,555 | ||||||
Other Assets and Liabilities - Net | (41,782,895 | ) | ||||||
|
| |||||||
Net Assets | $ 527,408,660 | |||||||
|
|
INVESTMENTS BY INDUSTRY: | Percentage of Total Investment Securities | Value | ||||||
Internet Software & Services | 10.9 | % | $ | 61,999,441 | ||||
Commercial Banks | 7.5 | 42,749,098 | ||||||
Beverages | 7.1 | 40,185,354 | ||||||
Oil, Gas & Consumable Fuels | 6.9 | 39,063,966 | ||||||
Food & Staples Retailing | 6.4 | 36,275,575 | ||||||
Diversified Financial Services | 4.1 | 23,586,825 | ||||||
Wireless Telecommunication Services | 3.7 | 21,229,769 | ||||||
Food Products | 3.5 | 20,098,680 | ||||||
Real Estate Management & Development | 3.5 | 19,776,354 | ||||||
Metals & Mining | 3.2 | 18,329,995 | ||||||
Energy Equipment & Services | 2.5 | 14,434,122 | ||||||
Diversified Consumer Services | 2.4 | 13,761,375 | ||||||
IT Services | 2.3 | 12,810,618 | ||||||
Textiles, Apparel & Luxury Goods | 2.2 | 12,362,807 | ||||||
Household Products | 2.1 | 11,709,308 | ||||||
Thrifts & Mortgage Finance | 1.9 | 10,899,821 | ||||||
Hotels, Restaurants & Leisure | 1.9 | 10,623,305 | ||||||
Industrial Conglomerates | 1.7 | 9,632,602 | ||||||
Health Care Providers & Services | 1.6 | 9,243,836 | ||||||
Semiconductors & Semiconductor Equipment | 1.6 | 8,888,766 | ||||||
Media | 1.6 | 8,847,332 | ||||||
Personal Products | 1.5 | 8,603,003 | ||||||
Insurance | 1.4 | 7,823,225 | ||||||
Multiline Retail | 1.2 | 7,065,789 | ||||||
Internet & Catalog Retail | 1.0 | 5,709,790 | ||||||
Automobiles | 1.0 | 5,478,953 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 42
Transamerica Developing Markets Equity
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
INVESTMENTS BY INDUSTRY (continued): | Percentage of Total Investment Securities | Value | ||||||
Aerospace & Defense | 0.9 | % | $ | 5,034,111 | ||||
Pharmaceuticals | 0.9 | 4,992,547 | ||||||
Construction Materials | 0.8 | 4,723,216 | ||||||
Health Care Equipment & Supplies | 0.5 | 2,692,892 | ||||||
Chemicals | 0.4 | 2,563,977 | ||||||
Electronic Equipment & Instruments | 0.3 | 1,994,852 | ||||||
Household Durables | 0.3 | 1,975,109 | ||||||
Construction & Engineering | 0.2 | 1,084,792 | ||||||
Machinery | 0.1 | 613,423 | ||||||
|
|
|
| |||||
Investment Securities, at Value | 89.1 | 506,864,628 | ||||||
Short-Term Investments | 10.9 | 62,326,927 | ||||||
|
|
|
| |||||
Total Investments | 100.0 | % | $ | 569,191,555 | ||||
|
|
|
|
NOTES TO SCHEDULE OF INVESTMENTS:
(A) | Rate shown reflects the yield at April 30, 2013. |
(B) | Non-income producing security. |
(C) | All or a portion of this security is on loan. The value of all securities on loan is $39,765,713. The amount of securities on loan indicated may not correspond with the securities on loan identified because securities with pending sales are in the process of recall from the brokers. |
(D) | Illiquid. Total aggregate market value of illiquid securities is $5,883,381, or 1.12% of the fund’s net assets. |
(E) | 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 $13,213,439, or 2.51% of the fund’s net assets. |
(F) | Aggregate cost for federal income tax purposes is $542,200,190. Aggregate gross unrealized appreciation and depreciation for all securities in which there is an excess of value over tax cost were $59,449,599 and $32,458,234, respectively. Net unrealized appreciation for tax purposes is $26,991,365. |
DEFINITIONS:
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 April 30, 2013, these securities aggregated $4,765,660, or 0.90% of the fund’s net assets. | |
ADR | American Depositary Receipt | |
GDR | Global Depositary Receipt | |
OAO | Otkrytoe Aktsionernoe Obschestvo (Russian: Open Joint Stock Corporation) | |
OJSC | Open Joint Stock Company | |
Reg S | Security exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside the United States. Security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 43
Transamerica Developing Markets Equity
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
VALUATION SUMMARY: (G)
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
ASSETS | ||||||||||||||||
Investment Securities | ||||||||||||||||
Preferred Stocks | $ | 9,503,098 | $ | — | $ | — | $ | 9,503,098 | ||||||||
Common Stocks | 183,016,714 | 314,344,816 | — | 497,361,530 | ||||||||||||
Securities Lending Collateral | 41,420,121 | — | — | 41,420,121 | ||||||||||||
Repurchase Agreement | — | 20,906,806 | — | 20,906,806 | ||||||||||||
Total Investment Securities | $ | 233,939,933 | $ | 335,251,622 | $ | — | $ | 569,191,555 | ||||||||
Other Assets (H) | ||||||||||||||||
Foreign Currency | $ | 198,915 | $ | — | $ | — | $ | 198,915 | ||||||||
Total Other Assets | $ | 198,915 | $ | — | $ | — | $ | 198,915 | ||||||||
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
LIABILITIES | ||||||||||||||||
Other Liabilities (H) | ||||||||||||||||
Collateral for Securities on Loan | $ | — | $ | (41,420,121 | ) | $ | — | $ | (41,420,121 | ) | ||||||
Total Other Liabilities | $ | — | $ | (41,420,121 | ) | $ | — | $ | (41,420,121 | ) |
(G) | Transfers between levels are considered to have occurred at the end of the reporting period. As of period ended April 30, 2013, securities with fair market value of $4,765,660 transferred from Level 1 to Level 2 due to unavailability of unadjusted quoted prices. See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
(H) | Certain assets and liabilities are held at carrying amount or face value, which approximates fair value for financial reporting purposes. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 44
Transamerica Global Real Estate Securities
SCHEDULE OF INVESTMENTS
At April 30, 2013
(unaudited)
Shares | Value | |||||||
COMMON STOCKS - 99.1% | ||||||||
Australia - 8.8% | ||||||||
Dexus Property Group - REIT | 2,149,891 | $ 2,574,255 | ||||||
Federation Centres - REIT | 607,027 | 1,636,193 | ||||||
Goodman Group - REIT | 399,578 | 2,158,204 | ||||||
GPT Group - REIT | 136,605 | 580,635 | ||||||
Investa Office Fund - REIT (A) | 232,600 | 790,928 | ||||||
Mirvac Group - REIT | 994,751 | 1,825,328 | ||||||
Stockland - REIT | 97,200 | 389,969 | ||||||
Westfield Group - REIT | 318,548 | 3,847,282 | ||||||
Westfield Retail Trust - REIT | 1,028,979 | 3,520,251 | ||||||
Brazil - 0.1% | ||||||||
Sonae Sierra Brasil SA | 10,900 | 152,543 | ||||||
Canada - 1.2% | ||||||||
Boardwalk Real Estate Investment Trust - REIT | 15,000 | 980,743 | ||||||
Calloway Real Estate Investment Trust - REIT | 12,800 | 383,829 | ||||||
RioCan Real Estate Investment Trust - REIT | 35,100 | 1,028,141 | ||||||
France - 4.2% | ||||||||
Fonciere Des Regions - REIT | 7,297 | 580,431 | ||||||
ICADE - REIT | 6,064 | 559,019 | ||||||
Klepierre - REIT | 42,060 | 1,783,588 | ||||||
Mercialys SA - REIT | 8,210 | 183,212 | ||||||
Societe Immobiliere de Location pour l’Industrie et le Commerce - REIT | 5,205 | 612,881 | ||||||
Unibail-Rodamco SE - REIT | 17,758 | 4,642,202 | ||||||
Germany - 0.7% | ||||||||
GSW Immobilien AG | 10,073 | 404,204 | ||||||
LEG Immobilien AG (B) | 17,600 | 968,854 | ||||||
Hong Kong - 9.3% | ||||||||
Cheung Kong Holdings, Ltd. | 273,090 | 4,117,386 | ||||||
China Overseas Land & Investment, Ltd. (A) | 271,300 | 830,316 | ||||||
Hang Lung Group, Ltd. | 43,848 | 258,223 | ||||||
Hang Lung Properties, Ltd. | 103,748 | 402,417 | ||||||
Kerry Properties, Ltd. | 248,000 | 1,124,927 | ||||||
Link - REIT | 536,300 | 3,023,540 | ||||||
Sino Land Co., Ltd. | 1,093,528 | 1,800,904 | ||||||
Sun Hung Kai Properties, Ltd. | 224,845 | 3,253,815 | ||||||
Swire Properties, Ltd. | 408,000 | 1,440,591 | ||||||
Wharf Holdings, Ltd. | 224,405 | 2,005,436 | ||||||
Japan - 17.9% | ||||||||
Advance Residence Investment Corp. - Class A REIT | 161 | 384,973 | ||||||
Daito Trust Construction Co., Ltd. | 17,100 | 1,655,886 | ||||||
Daiwa House Industry Co., Ltd. | 71,000 | 1,603,755 | ||||||
Japan Real Estate Investment Corp. - REIT | 224 | 3,000,913 | ||||||
Japan Retail Fund Investment Corp. - Class A REIT (A) | 1,074 | 2,544,945 | ||||||
Kenedix Realty Investment Corp. - Class A REIT (A) | 136 | 638,252 | ||||||
Mitsubishi Estate Co., Ltd. (A) | 298,536 | 9,692,429 | ||||||
Mitsui Fudosan Co., Ltd. | 213,746 | 7,257,519 | ||||||
Nippon Accommodations Fund, Inc. - Class A REIT | 67 | 518,900 | ||||||
Nippon Building Fund, Inc. - REIT | 112 | 1,610,750 | ||||||
Sumitomo Realty & Development Co., Ltd. | 83,100 | 3,921,219 | ||||||
Tokyo Tatemono Co., Ltd. | 140,500 | 1,298,564 | ||||||
United Urban Investment Corp. - Class A REIT | 734 | 1,208,463 |
Shares | Value | |||||||
Netherlands - 0.3% | ||||||||
Eurocommercial Properties NV - REIT | 14,838 | $ 606,159 | ||||||
Singapore - 6.8% | ||||||||
Ascendas Real Estate Investment Trust - REIT | 260,000 | 580,499 | ||||||
CapitaCommercial Trust - REIT (A) | 1,527,000 | 2,119,972 | ||||||
CapitaLand, Ltd. | 856,950 | 2,602,089 | ||||||
CapitaMall Trust - REIT | 830,114 | 1,563,583 | ||||||
Frasers Centrepoint Trust - REIT | 124,100 | 226,699 | ||||||
Global Logistic Properties, Ltd. - Class L | 1,151,200 | 2,579,615 | ||||||
Hongkong Land Holdings, Ltd. | 307,797 | 2,234,606 | ||||||
Keppel Land, Ltd. | 117,000 | 385,662 | ||||||
Mapletree Greater China Commercial Trust - REIT (A) (B) | 1,238,000 | 1,120,703 | ||||||
Sweden - 0.6% | ||||||||
Castellum AB | 59,698 | 893,483 | ||||||
Hufvudstaden AB - Class A | 26,180 | 342,143 | ||||||
Switzerland - 0.4% | ||||||||
PSP Swiss Property AG (B) | 8,550 | 802,310 | ||||||
United Kingdom - 4.3% | ||||||||
British Land Co., PLC - REIT | 66,148 | 610,855 | ||||||
Derwent London PLC - REIT | 40,039 | 1,436,073 | ||||||
Great Portland Estates PLC - REIT | 198,260 | 1,638,385 | ||||||
Hammerson PLC - REIT | 172,517 | 1,392,152 | ||||||
Land Securities Group PLC - REIT | 191,323 | 2,595,968 | ||||||
Safestore Holdings PLC - REIT | 197,600 | 420,511 | ||||||
Segro PLC - REIT | 99,500 | 411,743 | ||||||
United States - 44.5% | ||||||||
American Tower Corp. - Class A REIT | 7,100 | 596,329 | ||||||
AvalonBay Communities, Inc. - REIT | 17,225 | 2,291,614 | ||||||
BioMed Realty Trust, Inc. - Basis B REIT (A) | 43,800 | 985,938 | ||||||
Boston Properties, Inc. - REIT | 35,700 | 3,906,651 | ||||||
Brandywine Realty Trust - REIT | 25,600 | 382,208 | ||||||
BRE Properties, Inc. - REIT | 34,400 | 1,736,512 | ||||||
Campus Crest Communities, Inc. - REIT | 27,800 | 379,748 | ||||||
CBL & Associates Properties, Inc. - REIT | 15,700 | 378,998 | ||||||
CommonWealth - REIT | 23,900 | 533,687 | ||||||
DDR Corp. - REIT (A) | 104,000 | 1,907,360 | ||||||
Douglas Emmett, Inc. - REIT | 59,300 | 1,551,881 | ||||||
Duke Realty Corp. - REIT (A) | 100,500 | 1,772,820 | ||||||
Equity Residential - REIT | 50,000 | 2,903,000 | ||||||
Essex Property Trust, Inc. - REIT | 5,000 | 785,250 | ||||||
Federal Realty Investment Trust - REIT | 6,800 | 795,668 | ||||||
General Growth Properties, Inc. - REIT | 173,190 | 3,934,877 | ||||||
HCP, Inc. - REIT | 67,000 | 3,571,100 | ||||||
Health Care REIT, Inc. | 45,700 | 3,426,129 | ||||||
Healthcare Trust of America, Inc. - Class A REIT | 22,900 | 285,792 | ||||||
Highwoods Properties, Inc. - REIT (A) | 27,900 | 1,144,737 | ||||||
Host Hotels & Resorts, Inc. - REIT (A) | 288,177 | 5,264,994 | ||||||
Kilroy Realty Corp. - REIT (A) | 43,800 | 2,478,642 | ||||||
Kimco Realty Corp. - REIT (A) | 122,500 | 2,913,050 | ||||||
Lexington Realty Trust - REIT | 63,100 | 808,311 | ||||||
Liberty Property Trust - Series C REIT | 61,900 | 2,661,081 | ||||||
Macerich Co. - Class A REIT (A) | 52,107 | 3,650,095 | ||||||
Pebblebrook Hotel Trust - REIT (A) | 29,800 | 809,368 | ||||||
Post Properties, Inc. - REIT | 37,800 | 1,868,454 | ||||||
ProLogis, Inc. - Class A REIT | 103,713 | 4,350,760 | ||||||
Public Storage - REIT | 18,700 | 3,085,500 | ||||||
Ramco-Gershenson Properties Trust - REIT (A) | 22,100 | 386,087 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 45
Transamerica Global Real Estate Securities
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Shares | Value | |||||||
United States (continued) | ||||||||
Senior Housing Properties Trust - REIT | 41,300 | $ 1,174,159 | ||||||
Simon Property Group, Inc. - REIT | 45,563 | 8,113,404 | ||||||
SL Green Realty Corp. - REIT (A) | 40,200 | 3,646,140 | ||||||
Starwood Hotels & Resorts Worldwide, Inc. | 14,900 | 961,348 | ||||||
Sunstone Hotel Investors, Inc. - REIT (B) | 60,700 | 753,287 | ||||||
Tanger Factory Outlet Centers - REIT | 15,710 | 583,155 | ||||||
Taubman Centers, Inc. - REIT | 22,100 | 1,889,771 | ||||||
UDR, Inc. - REIT | 117,883 | 2,897,564 | ||||||
Ventas, Inc. - REIT | 37,235 | 2,965,023 | ||||||
Vornado Realty Trust - Class A REIT | 29,037 | 2,542,480 | ||||||
Weyerhaeuser Co. - REIT | 29,700 | 906,147 | ||||||
|
| |||||||
Total Common Stocks (cost $135,910,700) | 195,739,144 | |||||||
|
| |||||||
SECURITIES LENDING COLLATERAL - 7.4% |
| |||||||
State Street Navigator Securities Lending Trust - Prime Portfolio, 0.18% (C) | 14,556,014 | 14,556,014 | ||||||
|
| |||||||
Total Securities Lending Collateral (cost $14,556,014) |
| 14,556,014 | ||||||
|
|
Principal | Value | |||||||
REPURCHASE AGREEMENT - 1.0% | ||||||||
State Street Bank & Trust Co. 0.03% (C), dated 04/30/2013, to be repurchased at $2,029,109 on 05/01/2013. Collateralized by a U.S. Government Agency Obligation, 3.50%, due 02/01/2032, and with a value of $2,072,091. | $ 2,029,108 | $ 2,029,108 | ||||||
|
| |||||||
Total Repurchase Agreement (cost $2,029,108) |
| 2,029,108 | ||||||
|
| |||||||
Total Investment Securities (cost $152,495,822) (D) |
| 212,324,266 | ||||||
Other Assets and Liabilities - Net | (14,738,881 | ) | ||||||
|
| |||||||
Net Assets | $ 197,585,385 | |||||||
|
|
INVESTMENTS BY INDUSTRY: | Percentage of Total Investment Securities | Value | ||||||
Real Estate Investment Trusts | 67.0 | % | $ | 142,328,389 | ||||
Real Estate Management & Development | 24.7 | 52,449,407 | ||||||
Hotels, Restaurants & Leisure | 0.5 | 961,348 | ||||||
|
|
|
| |||||
Investment Securities, at Value | 92.2 | 195,739,144 | ||||||
Short-Term Investments | 7.8 | 16,585,122 | ||||||
|
|
|
| |||||
Total Investments | 100.0 | % | $ | 212,324,266 | ||||
|
|
|
|
NOTES TO SCHEDULE OF INVESTMENTS:
(A) | All or a portion of this security is on loan. The value of all securities on loan is $14,055,586. The amount of securities on loan indicated may not correspond with the securities on loan identified because securities with pending sales are in the process of recall from the brokers. |
(B) | Non-income producing security. |
(C) | Rate shown reflects the yield at April 30, 2013. |
(D) | Aggregate cost for federal income tax purposes is $152,495,822. Aggregate gross unrealized appreciation and depreciation for all securities in which there is an excess of value over tax cost were $60,361,672 and $533,228, respectively. Net unrealized appreciation for tax purposes is $59,828,444. |
DEFINITION:
REIT | Real Estate Investment Trust (includes domestic REITs and Foreign Real Estate Investment Companies) |
VALUATION SUMMARY: (E)
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
ASSETS | ||||||||||||||||
Investment Securities | ||||||||||||||||
Common Stocks | $ | 90,524,375 | $ | 105,214,769 | $ | — | $ | 195,739,144 | ||||||||
Securities Lending Collateral | 14,556,014 | — | — | 14,556,014 | ||||||||||||
Repurchase Agreement | — | 2,029,108 | — | 2,029,108 | ||||||||||||
Total Investment Securities | $ | 105,080,389 | $ | 107,243,877 | $ | — | $ | 212,324,266 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 46
Transamerica Global Real Estate Securities
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
VALUATION SUMMARY (continued): (E) | ||||||||||||||||
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
Other Assets (F) | ||||||||||||||||
Foreign Currency | $ | 41,222 | $ | — | $ | — | $ | 41,222 | ||||||||
Total Other Assets | $ | 41,222 | $ | — | $ | — | $ | 41,222 | ||||||||
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
LIABILITIES | ||||||||||||||||
Other Liabilities (F) | ||||||||||||||||
Collateral for Securities on Loan | $ | — | $ | (14,556,014 | ) | $ | — | $ | (14,556,014 | ) | ||||||
Total Other Liabilities | $ | — | $ | (14,556,014 | ) | $ | — | $ | (14,556,014 | ) |
(E) | Transfers between levels are considered to have occurred at the end of the reporting period. There were no transfers between Levels 1 and 2 during the period ended April 30, 2013. See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
(F) | Certain assets and liabilities are held at carrying amount or face value, which approximates fair value for financial reporting purposes. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 47
Transamerica Growth
SCHEDULE OF INVESTMENTS
At April 30, 2013
(unaudited)
Shares | Value | |||||||
COMMON STOCKS - 99.2% | ||||||||
Aerospace & Defense - 5.8% | ||||||||
Boeing Co. | 127,383 | $ 11,644,080 | ||||||
Precision Castparts Corp. | 54,892 | 10,500,291 | ||||||
Rolls-Royce Holdings PLC (A) (B) | 20,526,429 | 31,885 | ||||||
Rolls-Royce Holdings PLC (A) | 172,491 | 3,027,709 | ||||||
United Technologies Corp. | 99,270 | 9,062,358 | ||||||
Beverages - 1.6% | ||||||||
Diageo PLC | 224,984 | 6,863,765 | ||||||
Monster Beverage Corp. (A) | 49,068 | 2,767,435 | ||||||
Biotechnology - 9.1% | ||||||||
Alexion Pharmaceuticals, Inc. (A) | 99,364 | 9,737,672 | ||||||
Biogen IDEC, Inc. (A) | 66,324 | 14,520,313 | ||||||
Celgene Corp. (A) | 50,938 | 6,014,250 | ||||||
Gilead Sciences, Inc. (A) | 232,154 | 11,756,279 | ||||||
Vertex Pharmaceuticals, Inc. (A) | 154,086 | 11,836,886 | ||||||
Capital Markets - 2.4% | ||||||||
Goldman Sachs Group, Inc. | 53,081 | 7,753,542 | ||||||
Morgan Stanley | 291,842 | 6,464,300 | ||||||
Chemicals - 2.7% | ||||||||
Monsanto Co. | 148,745 | 15,888,941 | ||||||
Computers & Peripherals - 3.6% | ||||||||
Apple, Inc. | 39,632 | 17,547,068 | ||||||
EMC Corp. (A) | 156,533 | 3,511,035 | ||||||
Electrical Equipment - 0.4% | ||||||||
Roper Industries, Inc. | 20,677 | 2,474,003 | ||||||
Energy Equipment & Services - 1.9% | ||||||||
FMC Technologies, Inc. (A) | 87,728 | 4,763,630 | ||||||
Schlumberger, Ltd. | 83,915 | 6,245,794 | ||||||
Food & Staples Retailing - 3.4% | ||||||||
Costco Wholesale Corp. | 110,112 | 11,939,444 | ||||||
Whole Foods Market, Inc. | 92,615 | 8,179,757 | ||||||
Food Products - 1.2% | ||||||||
Mondelez International, Inc. - Class A | 216,734 | 6,816,284 | ||||||
Health Care Equipment & Supplies - 2.4% |
| |||||||
Abbott Laboratories | 203,593 | 7,516,654 | ||||||
Essilor International SA - ADR | 53,363 | 3,004,870 | ||||||
Intuitive Surgical, Inc. (A) | 7,854 | 3,866,446 | ||||||
Health Care Providers & Services - 1.9% | ||||||||
Express Scripts Holding Co. (A) | 93,055 | 5,524,675 | ||||||
UnitedHealth Group, Inc. | 96,835 | 5,803,322 | ||||||
Hotels, Restaurants & Leisure - 3.5% | ||||||||
Chipotle Mexican Grill, Inc. - | 19,489 | 7,078,210 | ||||||
Dunkin’ Brands Group, Inc. | 171,869 | 6,670,236 | ||||||
Starbucks Corp. | 114,303 | 6,954,194 | ||||||
Internet & Catalog Retail - 5.4% | ||||||||
Amazon.com, Inc. (A) | 75,451 | 19,150,218 | ||||||
priceline.com, Inc. (A) | 18,462 | 12,849,368 | ||||||
Internet Software & Services - 9.3% | ||||||||
eBay, Inc. (A) | 156,158 | 8,181,118 | ||||||
Facebook, Inc. - Class A (A) | 210,811 | 5,852,113 | ||||||
Google, Inc. - Class A (A) | 29,430 | 24,267,095 | ||||||
LinkedIn Corp. - Class A (A) | 65,500 | 12,581,895 | ||||||
Rackspace Hosting, Inc. (A) (C) | 86,033 | 4,146,791 | ||||||
IT Services - 7.3% | ||||||||
International Business Machines Corp. | 44,193 | 8,950,850 | ||||||
Mastercard, Inc. - Class A | 39,025 | 21,578,093 | ||||||
Teradata Corp. (A) | 4,856 | 247,996 | ||||||
Visa, Inc. - Class A | 72,784 | 12,261,193 |
Shares | Value | |||||||
Life Sciences Tools & Services - 1.0% | ||||||||
Illumina, Inc. (A) (C) | 88,143 | $ 5,701,971 | ||||||
Media - 2.7% | ||||||||
Discovery Communications, Inc. - | 51,478 | 4,057,496 | ||||||
Walt Disney Co. - Class A | 193,463 | 12,157,215 | ||||||
Oil, Gas & Consumable Fuels - 1.9% | ||||||||
Concho Resources, Inc. (A) | 68,397 | 5,891,033 | ||||||
EOG Resources, Inc. | 45,205 | 5,477,038 | ||||||
Personal Products - 1.9% | ||||||||
Estee Lauder Cos., Inc. - Class A | 161,631 | 11,209,110 | ||||||
Pharmaceuticals - 6.6% | ||||||||
Allergan, Inc. | 104,798 | 11,899,813 | ||||||
Bristol-Myers Squibb Co. | 129,730 | 5,152,876 | ||||||
Novo Nordisk A/S - ADR | 63,039 | 11,134,578 | ||||||
Perrigo Co. | 40,619 | 4,850,315 | ||||||
Shire PLC - Class B ADR | 62,141 | 5,818,883 | ||||||
Real Estate Investment Trusts - 0.9% | ||||||||
American Tower Corp. - Class A | 59,734 | 5,017,059 | ||||||
Road & Rail - 3.5% | ||||||||
Canadian Pacific Railway, Ltd. (C) | 39,776 | 4,956,885 | ||||||
Kansas City Southern | 49,883 | 5,440,739 | ||||||
Union Pacific Corp. | 69,506 | 10,284,108 | ||||||
Semiconductors & Semiconductor Equipment - 2.8% |
| |||||||
ARM Holdings PLC - ADR | 139,766 | 6,534,060 | ||||||
Avago Technologies, Ltd. - Class A | 134,723 | 4,305,747 | ||||||
Broadcom Corp. - Class A | 159,965 | 5,758,740 | ||||||
Software - 6.2% | ||||||||
Intuit, Inc. | 98,558 | 5,877,999 | ||||||
Red Hat, Inc. (A) | 158,992 | 7,620,487 | ||||||
Salesforce.com, Inc. (A) (C) | 204,610 | 8,411,517 | ||||||
Splunk, Inc. (A) | 82,516 | 3,366,653 | ||||||
VMware, Inc. - Class A (A) (C) | 96,979 | 6,837,019 | ||||||
Workday, Inc. - Class A (A) | 66,939 | 4,193,728 | ||||||
Specialty Retail - 4.2% | ||||||||
Inditex SA (C) | 84,352 | 11,336,470 | ||||||
TJX Cos., Inc. | 279,254 | 13,619,217 | ||||||
Textiles, Apparel & Luxury Goods - 4.9% |
| |||||||
Lululemon Athletica, Inc. (A) (C) | 73,610 | 5,603,929 | ||||||
NIKE, Inc. - Class B | 209,916 | 13,350,658 | ||||||
Ralph Lauren Corp. - Class A | 55,697 | 10,113,461 | ||||||
Wireless Telecommunication Services - 0.7% |
| |||||||
Crown Castle International Corp. (A) | 49,800 | 3,834,600 | ||||||
|
| |||||||
Total Common Stocks (cost $395,426,771) | 585,645,462 | |||||||
|
| |||||||
SECURITIES LENDING COLLATERAL - 7.0% |
| |||||||
State Street Navigator Securities Lending Trust - Prime Portfolio, 0.18% (D) | 41,402,577 | 41,402,577 | ||||||
|
| |||||||
Total Securities Lending Collateral (cost $41,402,577) |
| 41,402,577 | ||||||
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 48
Transamerica Growth
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Principal | Value | |||||||
REPURCHASE AGREEMENT - 0.9% | ||||||||
State Street Bank & Trust Co. 0.03% (D), dated 04/30/2013, to be repurchased at $5,212,304 on 05/01/2013. Collateralized by a U.S. Government Agency Obligation, 3.50%, due 02/01/2032, and with a value of $5,317,683. | $ 5,212,300 | $ 5,212,300 | ||||||
|
| |||||||
Total Repurchase Agreement (cost $5,212,300) |
| 5,212,300 | ||||||
|
| |||||||
Total Investment Securities (cost $442,041,648) (E) |
| 632,260,339 | ||||||
Other Assets and Liabilities - Net | (41,693,548 | ) | ||||||
|
| |||||||
Net Assets | $ 590,566,791 | |||||||
|
|
NOTES TO SCHEDULE OF INVESTMENTS:
(A) | Non-income producing security. |
(B) | 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 $31,885, or 0.01% of the fund’s net assets. |
(C) | All or a portion of this security is on loan. The value of all securities on loan is $40,311,048. The amount of securities on loan indicated may not correspond with the securities on loan identified because securities with pending sales are in the process of recall from the brokers. |
(D) | Rate shown reflects the yield at April 30, 2013. |
(E) | Aggregate cost for federal income tax purposes is $442,041,648. Aggregate gross unrealized appreciation and depreciation for all securities in which there is an excess of value over tax cost were $191,986,308 and $1,767,617, respectively. Net unrealized appreciation for tax purposes is $190,218,691. |
DEFINITION:
ADR | American Depositary Receipt |
VALUATION SUMMARY: (F)
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
ASSETS | ||||||||||||||||
Investment Securities | ||||||||||||||||
Common Stocks | $ | 564,385,633 | $ | 21,259,829 | $ | — | $ | 585,645,462 | ||||||||
Securities Lending Collateral | 41,402,577 | — | — | 41,402,577 | ||||||||||||
Repurchase Agreement | — | 5,212,300 | — | 5,212,300 | ||||||||||||
Total Investment Securities | $ | 605,788,210 | $ | 26,472,129 | $ | — | $ | 632,260,339 | ||||||||
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
LIABILITIES | ||||||||||||||||
Other Liabilities (G) | ||||||||||||||||
Collateral for Securities on Loan | $ | — | $ | (41,402,577 | ) | $ | — | $ | (41,402,577 | ) | ||||||
Total Other Liabilities | $ | — | $ | (41,402,577 | ) | $ | — | $ | (41,402,577 | ) |
(F) | Transfers between levels are considered to have occurred at the end of the reporting period. There were no transfers between Levels 1 and 2 during the period ended April 30, 2013. See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
(G) | Certain assets and liabilities are held at carrying amount or face value, which approximates fair value for financial reporting purposes. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 49
Transamerica International
SCHEDULE OF INVESTMENTS
At April 30, 2013
(unaudited)
Shares | Value | |||||||
CONVERTIBLE PREFERRED STOCK - 0.6% |
| |||||||
Germany - 0.6% | ||||||||
Volkswagen AG, 2.31% (A) (B) | 10,600 | $ 2,148,394 | ||||||
|
| |||||||
Total Convertible Preferred Stock (cost $2,547,941) |
| 2,148,394 | ||||||
|
| |||||||
COMMON STOCKS - 95.5% | ||||||||
Australia - 1.8% | ||||||||
Brambles, Ltd. | 197,100 | 1,781,789 | ||||||
CSL, Ltd. | 27,755 | 1,811,587 | ||||||
Iluka Resources, Ltd. (A) | 224,340 | 2,081,531 | ||||||
Imdex, Ltd. (A) | 700,995 | 715,821 | ||||||
Belgium - 1.0% | ||||||||
Anheuser-Busch InBev NV - STRIP VVPR (C) (D) (E) | 130,726 | 172 | ||||||
Colruyt SA | 68,250 | 3,444,723 | ||||||
Brazil - 0.1% | ||||||||
SLC Agricola SA | 36,600 | 323,423 | ||||||
Canada - 6.6% | ||||||||
Cenovus Energy, Inc. | 67,488 | 2,019,716 | ||||||
Corus Entertainment, Inc. - Class B (A) | 161,460 | 3,964,981 | ||||||
Dollarama, Inc. (A) | 58,200 | 4,263,398 | ||||||
Home Capital Group, Inc. - Class B | 46,400 | 2,662,087 | ||||||
MacDonald Dettwiler & Associates, Ltd. | 58,215 | 4,204,979 | ||||||
New Gold, Inc. (C) | 376,200 | 3,017,218 | ||||||
Silver Wheaton Corp. | 122,500 | 2,994,863 | ||||||
Denmark - 1.9% | ||||||||
Sydbank A/S (C) | 129,335 | 2,947,168 | ||||||
Tryg A/S (A) | 42,976 | 3,721,333 | ||||||
France - 7.3% | ||||||||
Arkema SA | 42,190 | 3,952,691 | ||||||
Eutelsat Communications SA | 71,753 | 2,590,584 | ||||||
Pernod-Ricard SA | 21,625 | 2,677,031 | ||||||
Publicis Groupe SA | 24,400 | 1,697,296 | ||||||
Rexel SA | 234,186 | 5,152,012 | ||||||
Sanofi | 34,765 | 3,810,126 | ||||||
Sodexo | 68,345 | 5,707,343 | ||||||
Germany - 7.6% | ||||||||
Brenntag AG | 32,640 | 5,564,443 | ||||||
Continental AG | 29,145 | 3,460,568 | ||||||
Deutsche Boerse AG | 63,400 | 3,957,647 | ||||||
Fresenius Medical Care AG & Co., KGaA | 18,160 | 1,253,189 | ||||||
Gerresheimer AG | 63,973 | 3,652,627 | ||||||
Linde AG | 26,199 | 4,954,600 | ||||||
SAP AG - ADR | 43,900 | 3,505,415 | ||||||
Hong Kong - 3.0% | ||||||||
China Liansu Group Holdings, Ltd. (A) | 4,824,000 | 2,747,638 | ||||||
China Mobile, Ltd. - ADR | 95,265 | 5,262,438 | ||||||
Industrial & Commercial Bank of China, | 3,451,000 | 2,428,105 | ||||||
Indonesia - 0.7% | ||||||||
Bank Mandiri Persero PT | 2,427,600 | 2,621,733 | ||||||
Ireland - 0.8% | ||||||||
DCC PLC | 74,206 | 2,715,709 | ||||||
Israel - 1.1% | ||||||||
Bezeq Israeli Telecommunication Corp., Ltd. | 2,738,090 | 3,971,567 | ||||||
Japan - 13.8% | ||||||||
FANUC Corp. | 32,600 | 4,915,833 | ||||||
Kansai Paint Co., Ltd. | 316,800 | 4,058,914 |
Shares | Value | |||||||
Japan (continued) | ||||||||
Kenedix Realty Investment | 831 | $ 3,899,908 | ||||||
Keyence Corp. | 15,500 | 4,913,064 | ||||||
Nihon Kohden Corp. | 104,300 | 4,006,806 | ||||||
Pigeon Corp. (A) | 50,900 | 4,370,242 | ||||||
Pola Orbis Holdings, Inc. | 55,500 | 1,964,148 | ||||||
SMC Corp. | 20,300 | 4,062,707 | ||||||
Softbank Corp. | 39,200 | 1,940,196 | ||||||
Sugi Holdings Co., Ltd. | 79,700 | 3,061,768 | ||||||
Sundrug Co., Ltd. (A) | 130,600 | 5,733,887 | ||||||
Toyota Motor Corp. | 90,000 | 5,206,955 | ||||||
Korea, Republic of - 1.8% | ||||||||
Samsung Electronics Co., Ltd. | 4,587 | 6,330,918 | ||||||
Netherlands - 6.2% | ||||||||
Akzo Nobel NV (A) | 60,307 | 3,635,908 | ||||||
ASML Holding NV (A) | 39,300 | 2,921,635 | ||||||
Koninklijke Ahold NV | 263,398 | 4,155,648 | ||||||
Nutreco NV (A) | 52,179 | 4,952,446 | ||||||
Unilever NV | 139,097 | 5,920,502 | ||||||
Norway - 3.8% | ||||||||
DNB ASA (A) | 308,880 | 5,048,459 | ||||||
Norwegian Property ASA (A) | 945,427 | 1,326,368 | ||||||
ProSafe SE | 370,140 | 3,552,805 | ||||||
Subsea 7 SA (A) | 156,248 | 3,365,300 | ||||||
Russian Federation - 0.9% | ||||||||
Sberbank of Russia - ADR (C) | 250,020 | 3,215,257 | ||||||
Singapore - 1.8% | ||||||||
Jardine Matheson Holdings, Ltd. | 54,500 | 3,538,685 | ||||||
United Overseas Bank, Ltd. | 157,900 | 2,737,002 | ||||||
Sweden - 2.7% | ||||||||
Elekta AB - Class B | 242,813 | 3,733,394 | ||||||
Nordea Bank AB | 155,595 | 1,864,197 | ||||||
Telefonaktiebolaget LM Ericsson - Class B | 310,250 | 3,872,710 | ||||||
Switzerland - 13.7% | ||||||||
Bucher Industries AG | 17,332 | 4,179,215 | ||||||
Givaudan SA (C) | 4,064 | 5,227,516 | ||||||
Kaba Holding AG | 6,455 | 2,527,017 | ||||||
Nestle SA | 58,103 | 4,149,322 | ||||||
Novartis AG | 51,006 | 3,787,873 | ||||||
Partners Group Holding AG | 14,415 | 3,697,545 | ||||||
Roche Holding AG | 27,714 | 6,927,010 | ||||||
SGS SA | 2,449 | 5,918,373 | ||||||
Sika AG | 1,749 | 4,222,956 | ||||||
Sulzer AG | 41,086 | 7,008,216 | ||||||
Turkey - 0.5% | ||||||||
Sinpas Gayrimenkul Yatirim Ortakligi AS - REIT | 2,069,633 | 1,604,680 | ||||||
United Kingdom - 14.2% | ||||||||
Afren PLC (C) | 1,097,830 | 2,286,826 | ||||||
Amlin PLC | 669,851 | 4,415,937 | ||||||
BG Group PLC | 132,465 | 2,231,516 | ||||||
BHP Billiton PLC | 103,925 | 2,891,245 | ||||||
Bunzl PLC | 227,635 | 4,522,503 | ||||||
Diploma PLC | 201,960 | 1,789,741 | ||||||
Experian Group, Ltd. | 96,792 | 1,701,983 | ||||||
ICAP PLC | 443,725 | 1,983,691 | ||||||
Mitie Group PLC (A) | 822,335 | 3,528,107 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 50
Transamerica International
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Shares | Value | |||||||
United Kingdom (continued) | ||||||||
NovaTek OAO - GDR, Reg S | 16,940 | $ 1,714,328 | ||||||
Petrofac, Ltd. | 193,610 | 4,060,045 | ||||||
Reed Elsevier PLC | 309,117 | 3,610,854 | ||||||
Rio Tinto PLC | 59,465 | 2,696,279 | ||||||
RPS Group PLC (A) | 836,723 | 3,241,510 | ||||||
SABMiller PLC | 50,880 | 2,741,309 | ||||||
Synergy Health PLC (E) | 233,307 | 3,939,368 | ||||||
Tullow Oil PLC | 140,897 | 2,190,812 | ||||||
United States - 4.2% | ||||||||
Agrium, Inc. | 27,500 | 2,520,925 | ||||||
Autoliv, Inc. (A) | 35,600 | 2,720,552 | ||||||
Check Point Software | 77,000 | 3,589,740 | ||||||
Taminco Corp. (A) (C) | 64,000 | 964,480 | ||||||
Willis Group Holdings PLC (A) | 118,900 | 4,717,952 | ||||||
|
| |||||||
Total Common Stocks (cost $252,512,238) | 333,252,639 | |||||||
|
| |||||||
SECURITIES LENDING COLLATERAL - 14.8% |
| |||||||
State Street Navigator Securities Lending Trust - Prime Portfolio, 0.18% (B) | 51,578,978 | 51,578,978 | ||||||
|
| |||||||
Total Securities Lending Collateral (cost $51,578,978) |
| 51,578,978 | ||||||
|
|
Principal | Value | |||||||
REPURCHASE AGREEMENT - 4.0% | ||||||||
State Street Bank & Trust Co. 0.03% (B), dated 04/30/2013, to be repurchased at $13,817,969 on 05/01/2013. Collateralized by a U.S. Government Agency Obligation, 3.50%, due 11/25/2038, and with a value of $14,095,385. | $ 13,817,958 | $ 13,817,958 | ||||||
|
| |||||||
Total Repurchase Agreement (cost $13,817,958) |
| 13,817,958 | ||||||
|
| |||||||
Total Investment Securities (cost $320,457,115) (F) |
| 400,797,969 | ||||||
Other Assets and Liabilities - Net | (51,958,478 | ) | ||||||
|
| |||||||
Net Assets | $ 348,839,491 | |||||||
|
|
INVESTMENTS BY INDUSTRY: | Percentage of Total Investment Securities | Value | ||||||
Chemicals | 7.4 | % | $ | 29,537,990 | ||||
Commercial Banks | 5.2 | 20,861,921 | ||||||
Machinery | 5.0 | 20,165,971 | ||||||
Food & Staples Retailing | 4.1 | 16,396,026 | ||||||
Food Products | 3.8 | 15,345,693 | ||||||
Trading Companies & Distributors | 3.8 | 15,238,958 | ||||||
Pharmaceuticals | 3.6 | 14,525,009 | ||||||
Metals & Mining | 3.6 | 14,396,957 | ||||||
Insurance | 3.2 | 12,855,222 | ||||||
Media | 3.0 | 11,863,715 | ||||||
Software | 2.8 | 11,300,134 | ||||||
Commercial Services & Supplies | 2.8 | 11,078,423 | ||||||
Energy Equipment & Services | 2.7 | 10,978,150 | ||||||
Oil, Gas & Consumable Fuels | 2.6 | 10,443,198 | ||||||
Semiconductors & Semiconductor Equipment | 2.3 | 9,252,553 | ||||||
Health Care Equipment & Supplies | 1.9 | 7,740,200 | ||||||
Professional Services | 1.9 | 7,620,356 | ||||||
Automobiles | 1.8 | 7,355,349 | ||||||
Wireless Telecommunication Services | 1.8 | 7,202,634 | ||||||
Electronic Equipment & Instruments | 1.7 | 6,702,805 | ||||||
Industrial Conglomerates | 1.6 | 6,254,394 | ||||||
Auto Components | 1.5 | 6,181,120 | ||||||
Hotels, Restaurants & Leisure | 1.4 | 5,707,343 | ||||||
Capital Markets | 1.4 | 5,681,236 | ||||||
Real Estate Investment Trusts | 1.4 | 5,504,588 | ||||||
Beverages | 1.3 | 5,418,512 | ||||||
Health Care Providers & Services | 1.3 | 5,192,557 | ||||||
Household Products | 1.1 | 4,370,242 | ||||||
Multiline Retail | 1.1 | 4,263,398 | ||||||
Diversified Telecommunication Services | 1.0 | 3,971,567 | ||||||
Diversified Financial Services | 1.0 | 3,957,647 | ||||||
Communications Equipment | 1.0 | 3,872,710 | ||||||
Life Sciences Tools & Services | 0.9 | 3,652,627 | ||||||
Building Products | 0.7 | 2,747,638 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 51
Transamerica International
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
INVESTMENTS BY INDUSTRY (continued): | Percentage of Total Investment Securities | Value | ||||||
Thrifts & Mortgage Finance | 0.7 | % | $ | 2,662,087 | ||||
Personal Products | 0.5 | 1,964,148 | ||||||
Biotechnology | 0.5 | 1,811,587 | ||||||
Real Estate Management & Development | 0.3 | 1,326,368 | ||||||
|
|
|
| |||||
Investment Securities, at Value | 83.7 | 335,401,033 | ||||||
Short-Term Investments | 16.3 | 65,396,936 | ||||||
|
|
|
| |||||
Total Investments | 100.0 | % | $ | 400,797,969 | ||||
|
|
|
|
NOTES TO SCHEDULE OF INVESTMENTS:
(A) | All or a portion of this security is on loan. The value of all securities on loan is $49,303,916. The amount of securities on loan indicated may not correspond with the securities on loan identified because securities with pending sales are in the process of recall from the brokers. |
(B) | Rate shown reflects the yield at April 30, 2013. |
(C) | Non-income producing security. |
(D) | 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 $172, or less than 0.01% of the fund’s net assets. |
(E) | Illiquid. Total aggregate market value of illiquid securities is $3,939,540, or 1.13% of the fund’s net assets. |
(F) | Aggregate cost for federal income tax purposes is $320,457,115. Aggregate gross unrealized appreciation and depreciation for all securities in which there is an excess of value over tax cost were $87,843,154 and $7,502,300, respectively. Net unrealized appreciation for tax purposes is $80,340,854. |
DEFINITIONS:
ADR | American Depositary Receipt | |
GDR | Global Depositary Receipt | |
OAO | Otkrytoe Aktsionernoe Obschestvo (Russian: Open Joint Stock Corporation) | |
Reg S | Security exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside the United States. Security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933. | |
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. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 52
Transamerica International
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
VALUATION SUMMARY: (G)
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
ASSETS | ||||||||||||||||
Investment Securities | ||||||||||||||||
Convertible Preferred Stock | $ | — | $ | 2,148,394 | $ | — | $ | 2,148,394 | ||||||||
Common Stocks | ||||||||||||||||
Australia | — | 6,390,728 | — | 6,390,728 | ||||||||||||
Belgium | — | 3,444,723 | 172 | 3,444,895 | ||||||||||||
Brazil | 323,423 | — | — | 323,423 | ||||||||||||
Canada | 23,127,242 | — | — | 23,127,242 | ||||||||||||
Denmark | — | 6,668,501 | — | 6,668,501 | ||||||||||||
France | — | 25,587,083 | — | 25,587,083 | ||||||||||||
Germany | 3,505,415 | 22,843,074 | — | 26,348,489 | ||||||||||||
Hong Kong | 5,262,438 | 5,175,743 | — | 10,438,181 | ||||||||||||
Indonesia | — | 2,621,733 | — | 2,621,733 | ||||||||||||
Ireland | — | 2,715,709 | — | 2,715,709 | ||||||||||||
Israel | — | 3,971,567 | — | 3,971,567 | ||||||||||||
Japan | — | 48,134,428 | — | 48,134,428 | ||||||||||||
Korea, Republic of | — | 6,330,918 | — | 6,330,918 | ||||||||||||
Netherlands | — | 21,586,139 | — | 21,586,139 | ||||||||||||
Norway | — | 13,292,932 | — | 13,292,932 | ||||||||||||
Russian Federation | 3,215,257 | — | — | 3,215,257 | ||||||||||||
Singapore | — | 6,275,687 | — | 6,275,687 | ||||||||||||
Sweden | — | 9,470,301 | — | 9,470,301 | ||||||||||||
Switzerland | — | 47,645,043 | — | 47,645,043 | ||||||||||||
Turkey | — | 1,604,680 | — | 1,604,680 | ||||||||||||
United Kingdom | 1,714,328 | 47,831,726 | — | 49,546,054 | ||||||||||||
United States | 14,513,649 | — | — | 14,513,649 | ||||||||||||
Securities Lending Collateral | 51,578,978 | — | — | 51,578,978 | ||||||||||||
Repurchase Agreement | — | 13,817,958 | — | 13,817,958 | ||||||||||||
Total Investment Securities | $ | 103,240,730 | $ | 297,557,067 | $ | 172 | $ | 400,797,969 | ||||||||
Other Assets (H) | ||||||||||||||||
Foreign Currency | $ | 104,730 | $ | — | $ | — | $ | 104,730 | ||||||||
Total Other Assets | $ | 104,730 | $ | — | $ | — | $ | 104,730 | ||||||||
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
LIABILITIES | ||||||||||||||||
Other Liabilities (H) | ||||||||||||||||
Collateral for Securities on Loan | $ | — | $ | (51,578,978 | ) | $ | — | $ | (51,578,978 | ) | ||||||
Total Other Liabilities | $ | — | $ | (51,578,978 | ) | $ | — | $ | (51,578,978 | ) |
(G) | Transfers between levels are considered to have occurred at the end of the reporting period. There were no transfers between Levels 1 and 2 during the period ended April 30, 2013. See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
(H) | Certain assets and liabilities are held at carrying amount or face value, which approximates fair value for financial reporting purposes. |
Level 3 Rollforward - Investment Securities
Securities | Beginning 2012 | Purchases | Sales | Accrued Discounts (Premiums) | Total Realized Gain (Loss) | Net Change in Unrealized Appreciation (Depreciation) | Transfers into Level 3 (I) | Transfers out of Level 3 | Ending 2013 (J) | Net Change in Unrealized Appreciation (Depreciation) on Investments Held at April 30, 2013 | ||||||||||||||||||||||||||||||
Common Stocks | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 172 | $ | — | $ | 172 | $ | — | ||||||||||||||||||||
Total | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 172 | $ | — | $ | 172 | $ | — |
(I) | Transferred into Level 3 because of unavailability of observable inputs. |
(J) | Inputs used in the valuation of the Level 3 securities were not considered significant unobservable inputs. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 53
Transamerica International Equity Opportunities
SCHEDULE OF INVESTMENTS
At April 30, 2013
(unaudited)
Shares | Value | |||||||
COMMON STOCKS - 98.1% | ||||||||
Australia - 1.7% | ||||||||
QBE Insurance Group, Ltd. | 217,442 | $ 3,013,894 | ||||||
Westpac Banking Corp. | 26,750 | 937,333 | ||||||
Brazil - 1.7% | ||||||||
BM&FBovespa SA | 200,000 | 1,388,479 | ||||||
Itau Unibanco Holding SA - ADR | 124,300 | 2,091,969 | ||||||
Tim Participacoes SA - ADR | 24,100 | 502,726 | ||||||
Canada - 2.7% | ||||||||
Canadian National Railway Co. | 54,953 | 5,384,295 | ||||||
Shoppers Drug Mart Corp. | 21,110 | 945,440 | ||||||
Czech Republic - 0.5% | ||||||||
Komercni Banka AS (A) | 5,249 | 1,003,334 | ||||||
France - 11.8% | ||||||||
Air Liquide SA - Class A | 35,090 | 4,441,878 | ||||||
Danone SA | 65,670 | 5,016,945 | ||||||
Dassault Systemes SA | 11,185 | 1,364,006 | ||||||
Legrand SA | 60,334 | 2,811,582 | ||||||
LVMH Moet Hennessy Louis Vuitton SA | 26,278 | 4,550,797 | ||||||
Pernod-Ricard SA | 36,917 | 4,570,079 | ||||||
Schneider Electric SA | 61,122 | 4,660,640 | ||||||
Germany - 11.4% | ||||||||
Bayer AG (A) | 83,925 | 8,755,796 | ||||||
Beiersdorf AG | 38,565 | 3,490,673 | ||||||
Deutsche Boerse AG | 9,573 | 597,580 | ||||||
Linde AG | 32,234 | 6,095,903 | ||||||
Merck KGaA | 23,059 | 3,510,490 | ||||||
SAP AG | 51,487 | 4,089,369 | ||||||
Hong Kong - 3.1% | ||||||||
AIA Group, Ltd. | 602,000 | 2,672,487 | ||||||
China Unicom Hong Kong, Ltd. (A) | 1,164,000 | 1,667,968 | ||||||
Li & Fung, Ltd. (A) | 2,258,000 | 2,915,557 | ||||||
India - 1.6% | ||||||||
ICICI Bank, Ltd. - ADR (A) | 80,810 | 3,783,524 | ||||||
Italy - 0.7% | ||||||||
Saipem SpA | 58,209 | 1,648,155 | ||||||
Japan - 12.6% | ||||||||
Canon, Inc. | 43,600 | 1,563,133 | ||||||
Denso Corp. | 107,800 | 4,826,866 | ||||||
FANUC Corp. | 17,200 | 2,593,630 | ||||||
Honda Motor Co., Ltd. | 144,700 | 5,751,782 | ||||||
Hoya Corp. | 129,300 | 2,583,745 | ||||||
INPEX Corp. | 571 | 2,752,937 | ||||||
Lawson, Inc. (A) | 38,600 | 3,040,960 | ||||||
NTT DOCOMO, Inc. | 502 | 829,071 | ||||||
Shin-Etsu Chemical Co., Ltd. | 78,600 | 5,289,183 | ||||||
Mexico - 0.3% | ||||||||
Grupo Financiero Santander Mexico SAB de CV - Class B ADR (B) | 45,800 | 739,670 | ||||||
Netherlands - 7.8% | ||||||||
Akzo Nobel NV (A) | 58,063 | 3,500,618 | ||||||
Heineken NV (A) | 81,887 | 5,782,441 | ||||||
ING Groep NV (B) | 467,762 | 3,839,033 | ||||||
Randstad Holding NV | 118,958 | 4,952,862 | ||||||
Russian Federation - 0.5% | ||||||||
Sberbank of Russia - ADR (A) (B) | 89,959 | 1,156,873 |
Shares | Value | |||||||
Singapore - 1.8% | ||||||||
DBS Group Holdings, Ltd. | 234,000 | $ 3,184,087 | ||||||
Singapore Telecommunications, Ltd. | 333,150 | 1,062,986 | ||||||
Spain - 2.7% | ||||||||
Amadeus IT Holding SA - Class A | 122,060 | 3,603,143 | ||||||
Banco Santander SA | 296,050 | 2,140,849 | ||||||
Red Electrica Corp. SA | 10,788 | 573,831 | ||||||
Sweden - 0.9% | ||||||||
Hennes & Mauritz AB - Class B | 60,150 | 2,128,111 | ||||||
Switzerland - 10.2% | ||||||||
Julius Baer Group, Ltd. | 85,488 | 3,405,545 | ||||||
Keuhne & Nagel International AG | 11,500 | 1,315,982 | ||||||
Nestle SA | 109,340 | 7,808,320 | ||||||
Roche Holding AG | 16,703 | 4,174,852 | ||||||
Sonova Holding AG | 9,355 | 1,018,204 | ||||||
Swiss Re AG | 25,657 | 2,040,584 | ||||||
UBS AG - Class A | 218,344 | 3,898,161 | ||||||
Taiwan - 2.5% | ||||||||
Hon Hai Precision Industry Co., Ltd. | 650,530 | 1,679,669 | ||||||
Taiwan Semiconductor Manufacturing Co., Ltd. - ADR | 210,181 | 4,010,253 | ||||||
United Kingdom - 20.2% | ||||||||
Barclays PLC | 517,840 | 2,300,948 | ||||||
BG Group PLC | 189,468 | 3,191,793 | ||||||
Compass Group PLC | 444,960 | 5,854,282 | ||||||
Diageo PLC | 135,264 | 4,126,606 | ||||||
Hays PLC | 757,350 | 1,098,785 | ||||||
HSBC Holdings PLC (A) | 735,773 | 8,040,392 | ||||||
Reckitt Benckiser Group PLC | 59,440 | 4,335,869 | ||||||
Rio Tinto PLC | 73,650 | 3,339,459 | ||||||
Samsung Electronics Co., Ltd. - GDR, Reg S | 3,367 | 2,326,597 | ||||||
Smiths Group PLC | 124,125 | 2,410,119 | ||||||
Standard Chartered PLC | 212,719 | 5,343,005 | ||||||
WPP PLC - Class A | 274,016 | 4,528,838 | ||||||
United States - 3.4% | ||||||||
Check Point Software Technologies, Ltd. (A) (B) | 29,090 | 1,356,176 | ||||||
Delphi Automotive PLC - Class A | 62,470 | 2,886,739 | ||||||
Valeant Pharmaceuticals International, Inc. (B) | 23,100 | 1,757,448 | ||||||
Yum! Brands, Inc. | 27,050 | 1,842,646 | ||||||
|
| |||||||
Total Common Stocks (cost $213,727,570) |
| 227,897,982 | ||||||
|
| |||||||
SECURITIES LENDING COLLATERAL - 10.6% |
| |||||||
State Street Navigator Securities Lending Trust - Prime Portfolio, 0.18% (C) | 24,703,774 | 24,703,774 | ||||||
|
| |||||||
Total Securities Lending Collateral (cost $24,703,774) |
| 24,703,774 | ||||||
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 54
Transamerica International Equity Opportunities
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Principal | Value | |||||||
REPURCHASE AGREEMENT - 1.3% |
| |||||||
State Street Bank & Trust Co. 0.03% (C), dated 04/30/2013, to be repurchased at $2,949,750 on 05/01/2013. Collateralized by a U.S. Government Agency Obligation, 3.50%, due 02/01/2032, and with a value of $3,011,713. | $ 2,949,747 | $ 2,949,747 | ||||||
|
| |||||||
Total Repurchase Agreement (cost $2,949,747) |
| 2,949,747 | ||||||
|
| |||||||
Total Investment Securities (cost $241,381,091) (D) |
| 255,551,503 | ||||||
Other Assets and Liabilities - Net | (23,229,467 | ) | ||||||
|
| |||||||
Net Assets | $ 232,322,036 | |||||||
|
|
INVESTMENTS BY INDUSTRY: | Percentage of Total Investment Securities | Value | ||||||
Commercial Banks | 12.0 | % | $ | 30,721,984 | ||||
Chemicals | 7.6 | 19,327,582 | ||||||
Pharmaceuticals | 7.1 | 18,198,586 | ||||||
Beverages | 5.7 | 14,479,126 | ||||||
Food Products | 5.0 | 12,825,265 | ||||||
Insurance | 3.0 | 7,726,965 | ||||||
Auto Components | 3.0 | 7,713,605 | ||||||
Hotels, Restaurants & Leisure | 3.0 | 7,696,928 | ||||||
Electrical Equipment | 2.9 | 7,472,222 | ||||||
Capital Markets | 2.9 | 7,303,706 | ||||||
Software | 2.7 | 6,809,551 | ||||||
Semiconductors & Semiconductor Equipment | 2.5 | 6,336,850 | ||||||
Professional Services | 2.4 | 6,051,647 | ||||||
Oil, Gas & Consumable Fuels | 2.3 | 5,944,730 | ||||||
Diversified Financial Services | 2.3 | 5,825,092 | ||||||
Automobiles | 2.3 | 5,751,782 | ||||||
Road & Rail | 2.1 | 5,384,295 | ||||||
Textiles, Apparel & Luxury Goods | 1.8 | 4,550,797 | ||||||
Media | 1.8 | 4,528,838 | ||||||
Household Products | 1.7 | 4,335,869 | ||||||
Electronic Equipment & Instruments | 1.7 | 4,263,414 | ||||||
Food & Staples Retailing | 1.6 | 3,986,400 | ||||||
IT Services | 1.4 | 3,603,143 | ||||||
Personal Products | 1.4 | 3,490,673 | ||||||
Metals & Mining | 1.3 | 3,339,459 | ||||||
Distributors | 1.1 | 2,915,557 | ||||||
Diversified Telecommunication Services | 1.1 | 2,730,954 | ||||||
Machinery | 1.0 | 2,593,630 | ||||||
Industrial Conglomerates | 0.9 | 2,410,119 | ||||||
Specialty Retail | 0.8 | 2,128,111 | ||||||
Energy Equipment & Services | 0.6 | 1,648,155 | ||||||
Office Electronics | 0.6 | 1,563,133 | ||||||
Wireless Telecommunication Services | 0.5 | 1,331,797 | ||||||
Marine | 0.5 | 1,315,982 | ||||||
Health Care Equipment & Supplies | 0.4 | 1,018,204 | ||||||
Electric Utilities | 0.2 | 573,831 | ||||||
|
| �� |
|
| ||||
Investment Securities, at Value | 89.2 | 227,897,982 | ||||||
Short-Term Investments | 10.8 | 27,653,521 | ||||||
|
|
|
| |||||
Total Investments | 100.0 | % | $ | 255,551,503 | ||||
|
|
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 55
Transamerica International Equity Opportunities
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
NOTES TO SCHEDULE OF INVESTMENTS:
(A) | All or a portion of this security is on loan. The value of all securities on loan is $23,545,725. The amount of securities on loan indicated may not correspond with the securities on loan identified because securities with pending sales are in the process of recall from the brokers. |
(B) | Non-income producing security. |
(C) | Rate shown reflects the yield at April 30, 2013. |
(D) | Aggregate cost for federal income tax purposes is $241,381,091. Aggregate gross unrealized appreciation and depreciation for all securities in which there is an excess of value over tax cost were $27,913,330 and $13,742,918, respectively. Net unrealized appreciation for tax purposes is $14,170,412. |
DEFINITIONS:
ADR | American Depositary Receipt | |
GDR | Global Depositary Receipt | |
Reg S | Security exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside the United States. Security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933. |
VALUATION SUMMARY: (E)
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
ASSETS | ||||||||||||||||
Investment Securities | ||||||||||||||||
Common Stocks | $ | 30,172,835 | $ | 197,725,147 | $ | — | $ | 227,897,982 | ||||||||
Securities Lending Collateral | 24,703,774 | — | — | 24,703,774 | ||||||||||||
Repurchase Agreement | — | 2,949,747 | — | 2,949,747 | ||||||||||||
Total Investment Securities | $ | 54,876,609 | $ | 200,674,894 | $ | — | $ | 255,551,503 | ||||||||
Other Assets (F) | ||||||||||||||||
Foreign Currency | $ | 113,762 | $ | — | $ | — | $ | 113,762 | ||||||||
Total Other Assets | $ | 113,762 | $ | — | $ | — | $ | 113,762 | ||||||||
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
LIABILITIES | ||||||||||||||||
Other Liabilities (F) | ||||||||||||||||
Collateral for Securities on Loan | $ | — | $ | (24,703,774 | ) | $ | — | $ | (24,703,774 | ) | ||||||
Total Other Liabilities | $ | — | $ | (24,703,774 | ) | $ | — | $ | (24,703,774 | ) |
(E) | Transfers between levels are considered to have occurred at the end of the reporting period. There were no transfers between Levels 1 and 2 during the period ended April 30, 2013. See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
(F) | Certain assets and liabilities are held at carrying amount or face value, which approximates fair value for financial reporting purposes. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 56
Transamerica International Small Cap
SCHEDULE OF INVESTMENTS
At April 30, 2013
(unaudited)
Shares | Value | |||||||
PREFERRED STOCKS - 0.4% | ||||||||
Germany - 0.4% | ||||||||
Draegerwerk AG & Co. KGaA, 0.20% (A) (B) | 6,400 | $ 788,990 | ||||||
Sartorius AG, 1.18% (B) | 8,000 | 858,336 | ||||||
|
| |||||||
Total Preferred Stocks (cost $1,310,353) | 1,647,326 | |||||||
|
| |||||||
COMMON STOCKS - 96.4% | ||||||||
Australia - 6.4% | ||||||||
Amcor, Ltd. | 302,215 | 3,098,600 | ||||||
Ansell, Ltd. | 318,861 | 5,222,900 | ||||||
Computershare, Ltd. | 416,831 | 4,291,039 | ||||||
Iluka Resources, Ltd. (A) | 344,073 | 3,192,470 | ||||||
Mesoblast, Ltd. (A) (C) | 210,726 | 1,284,543 | ||||||
Mineral Deposits, Ltd. (C) | 451,387 | 1,403,859 | ||||||
Mirvac Group - REIT | 2,143,007 | 3,932,331 | ||||||
PanAust, Ltd. | 447,392 | 1,076,042 | ||||||
Starpharma Holdings, Ltd. (C) | 965,068 | 975,474 | ||||||
Austria - 2.4% | ||||||||
Kapsch TrafficCom AG | 72,000 | 3,536,802 | ||||||
Mayr Melnhof Karton AG (A) | 20,000 | 2,150,843 | ||||||
Rosenbauer International AG (D) | 37,000 | 2,711,667 | ||||||
Zumtobel AG - Class B | 57,000 | 638,288 | ||||||
Belgium - 0.5% | ||||||||
Kinepolis Group NV | 13,500 | 1,760,460 | ||||||
Brazil - 1.1% | ||||||||
BR Properties SA | 137,671 | 1,534,456 | ||||||
Cia Hering | 129,608 | 2,649,490 | ||||||
Canada - 0.0% (E) | ||||||||
Niko Resources, Ltd. | 20,030 | 132,413 | ||||||
Denmark - 1.7% | ||||||||
Auriga Industries - Class B (C) | 29,000 | 755,595 | ||||||
Jyske Bank A/S (C) | 92,000 | 3,580,153 | ||||||
Sydbank A/S (C) | 90,000 | 2,050,838 | ||||||
Finland - 0.1% | ||||||||
F-Secure OYJ | 144,750 | 305,006 | ||||||
France - 4.6% | ||||||||
Alten SA | 45,000 | 1,621,430 | ||||||
Bourbon SA | 135,000 | 3,681,996 | ||||||
Club Mediterranee (C) | 20,000 | 339,773 | ||||||
Groupe Eurotunnel SA | 390,000 | 3,265,023 | ||||||
ID Logistics Group (C) | 10,000 | 441,178 | ||||||
Inside Secure SA (C) | 200,000 | 671,645 | ||||||
Lectra (D) | 400,000 | 2,502,206 | ||||||
Medica SA | 200,000 | 3,703,265 | ||||||
Saft Groupe SA | 50,000 | 1,230,690 | ||||||
Germany - 7.3% | ||||||||
CANCOM SE | 55,000 | 1,199,116 | ||||||
Cewe Color Holding AG | 8,500 | 370,524 | ||||||
Delticom AG | 50,000 | 2,456,113 | ||||||
Freenet AG | 160,000 | 3,984,565 | ||||||
Prime Office REIT-AG | 350,000 | 1,470,375 | ||||||
PSI AG Gesellschaft Fuer Produkte und Systeme der Informationstechnologie | 55,000 | 1,151,673 | ||||||
RIB Software AG (D) | 240,000 | 1,254,791 | ||||||
SAF-Holland SA (C) | 180,000 | 1,495,081 | ||||||
STRATEC Biomedical AG | 35,000 | 1,577,081 | ||||||
Tipp24 SE (C) | 57,750 | 3,353,216 | ||||||
Tom Tailor Holding AG | 170,000 | 3,623,523 | ||||||
VTG AG | 64,000 | 1,197,688 |
Shares | Value | |||||||
Germany (continued) |
| |||||||
Wirecard AG | 70,000 | $ 1,877,840 | ||||||
XING AG | 57,000 | 2,908,814 | ||||||
Hong Kong - 4.6% | ||||||||
Baoxin Auto Group, Ltd. (A) (C) | 2,222,500 | 1,938,922 | ||||||
Convenience Retail Asia, Ltd. (A) | 908,000 | 641,204 | ||||||
Dah Sing Banking Group, Ltd. (A) | 1,175,640 | 1,730,097 | ||||||
Johnson Electric Holdings, Ltd. (A) | 2,678,000 | 1,822,109 | ||||||
Parkson Retail PLC (A) | 732,500 | 399,280 | ||||||
Samsonite International SA | 747,900 | 1,838,873 | ||||||
Shenzhou International Group Holdings, Ltd. | 423,000 | 1,240,086 | ||||||
Techtronic Industries Co. | 1,519,500 | 3,630,282 | ||||||
Yue Yuen Industrial Holdings (A) | 737,500 | 2,551,739 | ||||||
Yuexiu Transport Infrastructure, Ltd. | 3,708,000 | 1,896,968 | ||||||
Indonesia - 1.0% | ||||||||
Ciputra Property PT | 17,594,500 | 2,099,215 | ||||||
Matahari Department Store PT (C) | 854,000 | 1,062,834 | ||||||
Surya Citra Media Tbk PT (F) | 2,580,000 | 743,019 | ||||||
Ireland - 3.8% | ||||||||
DCC PLC | 100,000 | 3,658,555 | ||||||
Glanbia PLC | 150,000 | 2,005,057 | ||||||
Grafton Group PLC | 360,000 | 2,496,081 | ||||||
IFG Group PLC | 800,000 | 1,474,984 | ||||||
Irish Continental Group PLC | 73,800 | 2,018,438 | ||||||
Smurfit Kappa Group PLC | 105,000 | 1,558,413 | ||||||
Smurfit Kappa Group PLC - Class B | 85,000 | 1,261,573 | ||||||
Italy - 4.1% | ||||||||
Amplifon SpA | 700,000 | 3,604,493 | ||||||
Azimut Holding SpA | 185,000 | 3,440,138 | ||||||
Cairo Communication SpA | 280,000 | 1,088,539 | ||||||
Credito Emiliano SpA | 130,000 | 743,023 | ||||||
Danieli & C Officine Meccaniche SpA - Class B | 26,000 | 435,199 | ||||||
de’Longhi SpA | 39,094 | 592,591 | ||||||
MARR SpA | 12,584 | 151,804 | ||||||
Prysmian SpA | 150,000 | 3,028,328 | ||||||
Sorin SpA (C) | 850,000 | 2,382,100 | ||||||
Japan - 18.5% | ||||||||
AICA Kogyo Co., Ltd. | 160,400 | 3,231,529 | ||||||
Arcs Co., Ltd. | 104,600 | 2,073,008 | ||||||
Asahi Diamond Industrial Co., Ltd. (A) | 200,200 | 2,096,776 | ||||||
Capcom Co., Ltd. (A) | 105,500 | 1,736,959 | ||||||
Daibiru Corp. | 48,900 | 681,194 | ||||||
Daido Steel Co., Ltd. (A) | 55,000 | 299,020 | ||||||
Exedy Corp. (A) | 6,600 | 165,195 | ||||||
Fujikura Kasei Co., Ltd. | 65,200 | 269,535 | ||||||
Glory, Ltd. | 81,500 | 2,239,714 | ||||||
Hitachi High-Technologies Corp. | 88,500 | 2,203,308 | ||||||
Hitachi Transport System, Ltd. (A) | 75,500 | 1,198,892 | ||||||
Icom, Inc. (A) | 13,100 | 324,124 | ||||||
JSP Corp. (A) | 143,300 | 2,091,767 | ||||||
Kissei Pharmaceutical Co., Ltd. | 74,800 | 1,622,067 | ||||||
Koito Manufacturing Co., Ltd. (A) | 74,000 | 1,428,609 | ||||||
Kureha Corp. | 471,000 | 1,662,040 | ||||||
Kuroda Electric Co., Ltd. (A) | 170,100 | 2,254,390 | ||||||
Lintec Corp. | 71,700 | 1,304,037 | ||||||
Mitsui Sugar Co., Ltd. (A) | 431,000 | 1,352,885 | ||||||
Modec, Inc. (A) | 65,300 | 1,874,901 | ||||||
Musashi Seimitsu Industry Co., Ltd. (A) | 98,900 | 2,383,096 | ||||||
Nabtesco Corp. (A) | 60,300 | 1,329,897 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 57
Transamerica International Small Cap
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Shares | Value | |||||||
Japan (continued) |
| |||||||
NEC Networks & System Integration Corp. | 152,400 | $ 3,339,246 | ||||||
Nichi-iko Pharmaceutical Co., Ltd. (A) | 115,300 | 2,787,732 | ||||||
Nifco, Inc. (A) | 12,900 | 293,901 | ||||||
Nihon Parkerizing Co., Ltd. | 132,000 | 2,682,382 | ||||||
Nippon Soda Co., Ltd. | 395,000 | 1,835,513 | ||||||
Nippon Thompson Co., Ltd. (A) | 91,000 | 453,670 | ||||||
Nitta Corp. | 157,800 | 3,532,026 | ||||||
Plenus Co., Ltd. | 82,100 | 1,488,134 | ||||||
Shinko Plantech Co., Ltd. | 56,200 | 423,727 | ||||||
Sumitomo Real Estate Sales Co., Ltd. | 15,080 | 1,047,254 | ||||||
Takasago International Corp. | 357,000 | 1,904,293 | ||||||
Tokai Tokyo Financial Holdings, Inc. (A) | 419,000 | 3,799,518 | ||||||
Toyo Tanso Co., Ltd. (A) | 11,800 | 257,582 | ||||||
Trusco Nakayama Corp. | 111,500 | 2,300,113 | ||||||
Tsumura & Co. (A) | 43,300 | 1,410,243 | ||||||
Tsuruha Holdings, Inc. - Class B | 24,200 | 2,353,347 | ||||||
Tsutsumi Jewelry Co., Ltd. (D) | 78,800 | 2,457,322 | ||||||
Unipres Corp. (A) | 130,000 | 2,892,445 | ||||||
Yushin Precision Equipment Co., Ltd. (A) | 63,900 | 1,194,294 | ||||||
Korea, Republic of - 2.0% | ||||||||
Halla Climate Control Corp. | 107,850 | 2,913,409 | ||||||
Hankook Tire Co., Ltd. | 93,920 | 4,084,962 | ||||||
Mando Corp. | 7,591 | 578,992 | ||||||
Malaysia - 0.6% | ||||||||
Bursa Malaysia Bhd | 852,500 | 2,003,410 | ||||||
Media Prima Bhd | 548,400 | 430,789 | ||||||
Netherlands - 2.2% | ||||||||
Delta Lloyd NV | 280,000 | 5,365,256 | ||||||
Koninklijke Ten Cate NV | 130,000 | 3,156,138 | ||||||
New Zealand - 1.1% | ||||||||
Chorus, Ltd. | 843,628 | 1,988,568 | ||||||
Fletcher Building, Ltd. | 269,566 | 2,042,557 | ||||||
Norway - 3.3% | ||||||||
Borregaard ASA | 925,000 | 3,705,454 | ||||||
ProSafe SE | 106,200 | 1,019,365 | ||||||
Schibsted ASA (A) | 71,996 | 3,127,547 | ||||||
Storebrand ASA - Class A (C) | 1,000,000 | 4,543,484 | ||||||
Singapore - 2.9% | ||||||||
First Resources, Ltd. (A) | 1,521,000 | 2,136,340 | ||||||
Goodpack, Ltd. (A) | 289,000 | 394,187 | ||||||
Mapletree Commercial Trust - REIT | 1,014,000 | 1,206,065 | ||||||
Mapletree Industrial Trust - REIT | 2,115,800 | 2,696,928 | ||||||
SATS, Ltd. | 365,000 | 933,466 | ||||||
SembCorp Industries, Ltd. | 232,000 | 939,904 | ||||||
UOL Group, Ltd. (A) | 455,000 | 2,633,880 | ||||||
Sweden - 1.9% | ||||||||
Byggmax Group AB - Class A | 305,873 | 1,760,373 | ||||||
FinnvedenBulten AB (D) | 155,000 | 667,253 | ||||||
Loomis AB - REIT | 235,000 | 4,577,769 | ||||||
Opus Group AB | 167,850 | 128,198 | ||||||
Switzerland - 3.9% | ||||||||
Clariant AG (C) | 210,000 | 3,071,628 | ||||||
Forbo Holding AG (C) | 2,500 | 1,613,250 | ||||||
Gategroup Holding AG - Class A (C) | 50,000 | 967,950 | ||||||
Helvetia Holding AG | 8,000 | 3,353,409 | ||||||
Kuoni Reisen Holding AG (C) | 13,000 | 3,963,756 | ||||||
Orior AG (C) | 34,500 | 1,855,238 |
Shares | Value | |||||||
Taiwan - 2.2% | ||||||||
CHC Healthcare Group | 384,000 | $ 1,444,294 | ||||||
CTCI Corp. | 1,059,000 | 2,117,139 | ||||||
Giant Manufacturing Co., Ltd. | 305,000 | 1,829,256 | ||||||
Lung Yen Life Service Corp. | 292,000 | 1,024,058 | ||||||
Merida Industry Co., Ltd. | 340,400 | 2,076,172 | ||||||
Thailand - 1.1% | ||||||||
Hemaraj Land and Development PCL | 10,301,700 | 1,509,278 | ||||||
Siam City Cement PCL | 78,200 | 1,300,225 | ||||||
VGI Global Media PCL | 310,100 | 1,384,092 | ||||||
United Kingdom - 19.1% | ||||||||
A.G.BARR PLC | 187,122 | 1,592,849 | ||||||
Albemarle & Bond Holdings (A) | 6,958 | 14,483 | ||||||
Anglo Pacific Group PLC | 325,000 | 1,094,238 | ||||||
Ashtead Group PLC | 240,000 | 2,190,223 | ||||||
Berendsen PLC | 140,000 | 1,682,123 | ||||||
Berkeley Group Holdings PLC | 62,732 | 2,031,723 | ||||||
Bodycote PLC | 195,000 | 1,567,524 | ||||||
Bovis Homes Group PLC | 170,000 | 2,028,053 | ||||||
Computacenter PLC | 225,000 | 1,565,078 | ||||||
CSR PLC | 250,000 | 1,914,504 | ||||||
Daily Mail & General Trust PLC (A) | 160,000 | 1,709,927 | ||||||
Dechra Pharmaceuticals PLC | 163,854 | 1,827,472 | ||||||
Devro PLC | 261,530 | 1,340,211 | ||||||
Dignity PLC | 102,994 | 2,203,003 | ||||||
Diploma PLC | 125,000 | 1,107,733 | ||||||
Domino Printing Sciences PLC | 130,000 | 1,346,910 | ||||||
Elementis PLC | 300,000 | 1,227,923 | ||||||
Exillon Energy PLC (C) | 253,159 | 607,563 | ||||||
Fenner PLC | 250,000 | 1,365,394 | ||||||
Grainger PLC | 612,380 | 1,293,687 | ||||||
Halma PLC | 200,000 | 1,554,903 | ||||||
IG Group Holdings PLC | 180,000 | 1,505,662 | ||||||
Inchcape PLC | 175,000 | 1,361,899 | ||||||
Invensys PLC | 216,775 | 1,295,390 | ||||||
John Wood Group PLC | 120,000 | 1,444,615 | ||||||
Keller Group PLC | 135,000 | 1,802,391 | ||||||
Kier Group PLC (A) | 80,000 | 1,456,421 | ||||||
Lamprell PLC - Class A | 550,000 | 1,234,525 | ||||||
London Stock Exchange Group PLC | 61,006 | 1,270,781 | ||||||
Micro Focus International PLC | 150,000 | 1,559,952 | ||||||
Millennium & Copthorne Hotels PLC | 117,038 | 1,028,084 | ||||||
Oxford Instruments PLC | 50,000 | 1,196,079 | ||||||
Premier Oil PLC (C) | 220,000 | 1,274,337 | ||||||
QinetiQ Group PLC - Class A | 475,000 | 1,397,471 | ||||||
Ricardo PLC | 200,000 | 1,205,399 | ||||||
RPS Group PLC | 300,000 | 1,162,216 | ||||||
SDL PLC | 143,631 | 811,894 | ||||||
Senior PLC | 406,339 | 1,609,526 | ||||||
Shanks Group PLC | 900,000 | 1,142,877 | ||||||
SIG PLC | 792,068 | 1,994,411 | ||||||
Sports Direct International PLC (C) | 200,000 | 1,448,343 | ||||||
ST Modwen Properties PLC | 325,000 | 1,349,939 | ||||||
Synthomer PLC | 400,000 | 1,248,272 | ||||||
TalkTalk Telecom Group PLC | 350,000 | 1,362,987 | ||||||
Telecom Plus PLC | 100,000 | 1,895,087 | ||||||
Travis Perkins PLC | 70,000 | 1,559,253 | ||||||
TT electronics PLC - Class B | 350,000 | 905,215 | ||||||
Ultra Electronics Holdings PLC | 60,000 | 1,537,816 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 58
Transamerica International Small Cap
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Shares | Value | |||||||
United Kingdom (continued) |
| |||||||
Victrex PLC | 50,000 | $ 1,246,563 | ||||||
William Hill PLC | 200,000 | 1,323,454 | ||||||
WS Atkins PLC | 120,000 | 1,679,482 | ||||||
|
| |||||||
Total Common Stocks (cost $308,687,051) | 366,590,408 | |||||||
|
| |||||||
SECURITIES LENDING COLLATERAL - 5.6% |
| |||||||
State Street Navigator Securities Lending Trust - Prime Portfolio, 0.18% (B) | 21,211,883 | 21,211,883 | ||||||
|
| |||||||
Total Securities Lending Collateral (cost $21,211,883) |
| 21,211,883 | ||||||
|
|
Principal | Value | |||||||
REPURCHASE AGREEMENT - 2.9% | ||||||||
State Street Bank & Trust Co. 0.03% (B), dated 04/30/2013, to be repurchased at $10,843,840 on 05/01/2013. Collateralized by a U.S. Government Agency Obligation, 3.50%, due 01/01/2032, and with a value of $11,063,539. | $ 10,843,831 | $ 10,843,831 | ||||||
|
| |||||||
Total Repurchase Agreement (cost $10,843,831) |
| 10,843,831 | ||||||
|
| |||||||
Total Investment Securities (cost $342,053,118) (G) |
| 400,293,448 | ||||||
Other Assets and Liabilities - Net |
| (19,995,885 | ) | |||||
|
| |||||||
Net Assets | $ 380,297,563 | |||||||
|
|
FORWARD FOREIGN CURRENCY CONTRACTS: | ||||||||||||||||||
Currency | Counterparty | Contracts Bought | Settlement Date | Amount in U.S. Dollars Bought | Net Unrealized Appreciation (Depreciation) | |||||||||||||
JPY | SSB | 12,307,335 | 05/07/2013 | $ | 125,878 | $ | 375 | |||||||||||
JPY | SSB | 3,655,199 | 05/07/2013 | 37,619 | (123 | ) | ||||||||||||
|
| |||||||||||||||||
$ | 252 | |||||||||||||||||
|
|
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 April 30, 2013:
Counterparty | Total Market Value of OTC Derivatives | Collateral (Received) Pledged | Net Exposures (1) | |||||||||
SSB | $ | 252 | $ | — | $ | 252 |
(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 Investment Securities | Value | ||||||
Chemicals | 6.5 | % | $ | 26,161,140 | ||||
Machinery | 5.0 | 19,831,077 | ||||||
Auto Components | 4.2 | 16,902,943 | ||||||
Specialty Retail | 4.1 | 16,334,086 | ||||||
IT Services | 3.5 | 13,893,749 | ||||||
Insurance | 3.3 | 13,262,149 | ||||||
Trading Companies & Distributors | 3.2 | 12,794,471 | ||||||
Real Estate Management & Development | 3.0 | 12,148,903 | ||||||
Electronic Equipment & Instruments | 3.0 | 11,979,148 | ||||||
Hotels, Restaurants & Leisure | 2.9 | 11,496,417 | ||||||
Health Care Equipment & Supplies | 2.7 | 10,829,407 | ||||||
Media | 2.6 | 10,244,373 | ||||||
Commercial Services & Supplies | 2.5 | 9,903,459 | ||||||
Household Durables | 2.5 | 9,895,899 | ||||||
Energy Equipment & Services | 2.4 | 9,679,129 | ||||||
Software | 2.3 | 9,322,481 | ||||||
Real Estate Investment Trusts | 2.3 | 9,305,699 | ||||||
Health Care Providers & Services | 2.2 | 8,752,052 | ||||||
Pharmaceuticals | 2.2 | 8,622,988 | ||||||
Commercial Banks | 2.0 | 8,104,111 | ||||||
Containers & Packaging | 2.0 | 8,069,429 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 59
Transamerica International Small Cap
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
INVESTMENTS BY INDUSTRY (continued): | Percentage of Total Investment Securities | Value | ||||||
Capital Markets | 1.8 | % | $ | 7,239,656 | ||||
Food & Staples Retailing | 1.8 | 7,074,601 | ||||||
Electrical Equipment | 1.7 | 6,976,997 | ||||||
Food Products | 1.7 | 6,834,493 | ||||||
Diversified Financial Services | 1.6 | 6,254,837 | ||||||
Metals & Mining | 1.5 | 5,971,391 | ||||||
Road & Rail | 1.4 | 5,661,603 | ||||||
Textiles, Apparel & Luxury Goods | 1.4 | 5,630,698 | ||||||
Construction & Engineering | 1.3 | 5,375,951 | ||||||
Industrial Conglomerates | 1.2 | 4,598,459 | ||||||
Wireless Telecommunication Services | 1.0 | 3,984,565 | ||||||
Leisure Equipment & Products | 1.0 | 3,905,428 | ||||||
Diversified Telecommunication Services | 0.8 | 3,351,555 | ||||||
Construction Materials | 0.8 | 3,342,782 | ||||||
Building Products | 0.8 | 3,231,529 | ||||||
Diversified Consumer Services | 0.8 | 3,227,061 | ||||||
Oil, Gas & Consumable Fuels | 0.8 | 3,108,551 | ||||||
Aerospace & Defense | 0.7 | 2,935,287 | ||||||
Internet Software & Services | 0.7 | 2,908,814 | ||||||
Professional Services | 0.7 | 2,884,881 | ||||||
Transportation Infrastructure | 0.7 | 2,830,434 | ||||||
Semiconductors & Semiconductor Equipment | 0.7 | 2,586,149 | ||||||
Marine | 0.5 | 2,018,438 | ||||||
Multi-Utilities | 0.5 | 1,895,087 | ||||||
Beverages | 0.4 | 1,592,849 | ||||||
Multiline Retail | 0.4 | 1,462,114 | ||||||
Distributors | 0.3 | 1,361,899 | ||||||
Biotechnology | 0.3 | 1,284,543 | ||||||
Air Freight & Logistics | 0.2 | 835,365 | ||||||
Communications Equipment | 0.1 | 324,124 | ||||||
Consumer Finance | 0.0 | (E) | 14,483 | |||||
|
|
|
| |||||
Investment Securities, at Value | 92.0 | 368,237,734 | ||||||
Short-Term Investments | 8.0 | 32,055,714 | ||||||
|
|
|
| |||||
Total Investments | 100.0 | % | $ | 400,293,448 | ||||
|
|
|
|
NOTES TO SCHEDULE OF INVESTMENTS:
(A) | All or a portion of this security is on loan. The value of all securities on loan is $20,122,909. The amount of securities on loan indicated may not correspond with the securities on loan identified because securities with pending sales are in the process of recall from the brokers. |
(B) | Rate shown reflects the yield at April 30, 2013. |
(C) | Non-income producing security. |
(D) | Illiquid. Total aggregate market value of illiquid securities is $9,593,239, or 2.52% of the fund’s net assets. |
(E) | Percentage rounds to less than 0.1%. |
(F) | 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 $743,019, or 0.20% of the fund’s net assets. |
(G) | Aggregate cost for federal income tax purposes is $342,053,118. Aggregate gross unrealized appreciation and depreciation for all securities in which there is an excess of value over tax cost were $69,071,472 and $10,831,142, respectively. Net unrealized appreciation for tax purposes is $58,240,330. |
DEFINITIONS:
OTC | Over the Counter | |
REIT | Real Estate Investment Trust (includes domestic REITs and Foreign Real Estate Investment Companies) | |
SSB | State Street Bank & Trust Co. | |
OYJ | Julkinen Osakeyhtiö (Finnish : public limited company) |
CURRENCY ABBREVIATION:
JPY | Japanese Yen |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 60
Transamerica International Small Cap
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
VALUATION SUMMARY: (H)
Level 1 Quoted Prices | Level 2 Other | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
ASSETS | ||||||||||||||||
Investment Securities | ||||||||||||||||
Preferred Stocks | $ | — | $ | 1,647,326 | $ | — | $ | 1,647,326 | ||||||||
Common Stocks | 4,316,359 | 362,274,049 | — | 366,590,408 | ||||||||||||
Securities Lending Collateral | 21,211,883 | — | — | 21,211,883 | ||||||||||||
Repurchase Agreement | — | 10,843,831 | — | 10,843,831 | ||||||||||||
Total Investment Securities | $ | 25,528,242 | $ | 374,765,206 | $ | — | $ | 400,293,448 | ||||||||
Derivative Financial Instruments | ||||||||||||||||
Forward Foreign Currency Contracts (I) | $ | — | $ | 375 | $ | — | $ | 375 | ||||||||
Total Derivative Financial Instruments | $ | — | $ | 375 | $ | — | $ | 375 | ||||||||
Other Assets (J) | ||||||||||||||||
Foreign Currency | $ | 2,535,005 | $ | — | $ | — | $ | 2,535,005 | ||||||||
Total Other Assets | $ | 2,535,005 | $ | — | $ | — | $ | 2,535,005 | ||||||||
Level 1 Quoted Prices | Level 2 Other | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
LIABILITIES | ||||||||||||||||
Derivative Financial Instruments | ||||||||||||||||
Forward Foreign Currency Contracts (I) | $ | — | $ | (123 | ) | $ | — | $ | (123 | ) | ||||||
Total Derivative Financial Instruments | $ | — | $ | (123 | ) | $ | — | $ | (123 | ) | ||||||
Other Liabilities (J) | ||||||||||||||||
Collateral for Securities on Loan | $ | — | $ | (21,211,883 | ) | $ | — | $ | (21,211,883 | ) | ||||||
Total Other Liabilities | $ | — | $ | (21,211,883 | ) | $ | — | $ | (21,211,883 | ) |
(H) | Transfers between levels are considered to have occurred at the end of the reporting period. There were no transfers between Levels 1 and 2 during the period ended April 30, 2013. See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
(I) | Other financial instruments are derivative instruments that are valued at unrealized appreciation (depreciation) on the instrument. |
(J) | Certain assets and liabilities are held at carrying amount or face value, which approximates fair value for financial reporting purposes. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 61
Transamerica International Value Opportunities
SCHEDULE OF INVESTMENTS
At April 30, 2013
(unaudited)
Shares | Value | |||||||
COMMON STOCKS - 96.3% |
| |||||||
Brazil - 3.4% |
| |||||||
Embraer SA - ADR | 76,127 | $ 2,659,116 | ||||||
Itau Unibanco Holding SA - ADR | 228,088 | 3,838,721 | ||||||
Natura Cosmeticos SA | 95,200 | 2,410,988 | ||||||
Canada - 3.0% | ||||||||
Canadian National Railway Co. | 29,485 | 2,886,601 | ||||||
Cenovus Energy, Inc. (A) | 63,397 | 1,897,285 | ||||||
Teck Resources, Ltd. - Class B | 114,680 | 3,050,696 | ||||||
China - 1.2% | ||||||||
Baidu, Inc. - ADR (B) | 37,119 | 3,186,666 | ||||||
Denmark - 2.6% | ||||||||
Novo Nordisk A/S - Class B | 39,021 | 6,844,580 | ||||||
France - 7.2% | ||||||||
Air Liquide SA - Class A | 40,510 | 5,127,970 | ||||||
Cie Generale des Etablissements Michelin - Class B | 31,341 | 2,646,936 | ||||||
LVMH Moet Hennessy Louis Vuitton SA | 35,740 | 6,189,417 | ||||||
Publicis Groupe SA | 70,537 | 4,906,647 | ||||||
Germany - 10.8% | ||||||||
Adidas AG (A) | 51,710 | 5,400,291 | ||||||
Allianz SE - Class A (A) | 22,248 | 3,283,011 | ||||||
Deutsche Bank AG | 107,405 | 4,937,917 | ||||||
Fresenius Medical Care AG & Co., KGaA | 73,860 | 5,096,946 | ||||||
SAP AG | 64,409 | 5,115,703 | ||||||
Siemens AG - Class A | 43,833 | 4,577,663 | ||||||
Hong Kong - 10.0% | ||||||||
AIA Group, Ltd. | 1,074,647 | 4,770,731 | ||||||
China Merchants Bank Co., Ltd. - Class H | 409,679 | 873,191 | ||||||
CNOOC, Ltd. | 1,898,346 | 3,532,421 | ||||||
Hong Kong Exchanges and Clearing, Ltd. | 267,861 | 4,504,534 | ||||||
HSBC Holdings PLC | 480,019 | 5,226,910 | ||||||
Industrial & Commercial Bank of China, Ltd. - Class H | 7,155,171 | 5,034,340 | ||||||
Sinopharm Group Co., Ltd. - Class H | 763,678 | 2,268,355 | ||||||
India - 0.3% | ||||||||
Coal India, Ltd. | 141,312 | 839,348 | ||||||
Italy - 1.0% | ||||||||
Saipem SpA | 88,685 | 2,511,066 | ||||||
Japan - 14.0% | ||||||||
Bridgestone Corp. | 88,020 | 3,318,187 | ||||||
FANUC Corp. | 17,828 | 2,688,327 | ||||||
KDDI Corp. (A) | 61,619 | 2,958,167 | ||||||
Komatsu, Ltd. | 192,274 | 5,244,464 | ||||||
Kubota Corp. | 175,246 | 2,511,347 | ||||||
Mitsubishi UFJ Financial Group, Inc. (A) | 1,273,980 | 8,664,397 | ||||||
Osaka Securities Exchange Co., Ltd. (A) | 8,192 | 1,005,040 | ||||||
Softbank Corp. | 55,556 | 2,749,733 | ||||||
Toyota Motor Corp. | 129,575 | 7,496,569 | ||||||
Korea, Republic of - 1.6% | ||||||||
Samsung Electronics Co., Ltd. | 3,002 | 4,143,322 | ||||||
Mexico - 1.5% | ||||||||
Wal-Mart de Mexico SAB de CV - Series V | 1,231,280 | 3,906,089 | ||||||
Netherlands - 1.4% | ||||||||
ASML Holding NV (A) | 49,305 | 3,665,425 | ||||||
Spain - 0.5% | ||||||||
Amadeus IT Holding SA - Class A | 45,437 | 1,341,275 | ||||||
Sweden - 1.5% | ||||||||
Hennes & Mauritz AB - Class B | 112,580 | 3,983,088 |
Shares | Value | |||||||
Switzerland - 8.2% | ||||||||
Julius Baer Group, Ltd. (B) | 64,870 | $ 2,584,195 | ||||||
Nestle SA | 39,105 | 2,792,614 | ||||||
Novartis AG | 76,561 | 5,685,671 | ||||||
Roche Holding AG | 22,559 | 5,638,537 | ||||||
Swatch Group AG | 2,285 | 1,308,628 | ||||||
Syngenta AG | 8,360 | 3,573,095 | ||||||
United Kingdom - 18.1% | ||||||||
ARM Holdings PLC | 159,833 | 2,472,835 | ||||||
British American Tobacco PLC | 75,249 | 4,168,227 | ||||||
Burberry Group PLC | 123,833 | 2,569,876 | ||||||
Carnival PLC - Class A | 92,963 | 3,350,174 | ||||||
Kingfisher PLC | 914,060 | 4,445,566 | ||||||
Pearson PLC | 155,007 | 2,819,535 | ||||||
Reckitt Benckiser Group PLC | 82,787 | 6,038,923 | ||||||
Rolls-Royce Holdings PLC (B) (C) | 27,586,580 | 42,852 | ||||||
Rolls-Royce Holdings PLC | 231,820 | 4,069,102 | ||||||
Royal Bank of Scotland Group PLC (B) | 399,202 | 1,899,367 | ||||||
SABMiller PLC | 72,921 | 3,928,833 | ||||||
Standard Chartered PLC | 207,675 | 5,216,311 | ||||||
Tullow Oil PLC | 106,471 | 1,655,521 | ||||||
Vodafone Group PLC | 635,688 | 1,937,369 | ||||||
WPP PLC - Class A | 165,823 | 2,740,663 | ||||||
United States - 10.0% | ||||||||
Accenture PLC - Class A | 50,726 | 4,131,125 | ||||||
Check Point Software Technologies, Ltd. (A) (B) | 12,855 | 599,300 | ||||||
Covidien PLC | 2,269 | 144,853 | ||||||
Lululemon Athletica, Inc. (A) (B) | 56,065 | 4,268,228 | ||||||
MercadoLibre, Inc. (A) | 15,200 | 1,528,968 | ||||||
Potash Corp. of Saskatchewan, Inc. | 89,945 | 3,786,685 | ||||||
Schlumberger, Ltd. | 74,246 | 5,526,130 | ||||||
Yandex NV - Class A (B) | 95,405 | 2,455,725 | ||||||
Yum! Brands, Inc. | 57,270 | 3,901,232 | ||||||
|
| |||||||
Total Common Stocks (cost $218,877,748) |
| 252,573,620 | ||||||
|
| |||||||
SECURITIES LENDING COLLATERAL - 9.3% |
| |||||||
State Street Navigator Securities Lending Trust - Prime Portfolio, 0.18% (D) | 24,326,381 | 24,326,381 | ||||||
|
| |||||||
Total Securities Lending Collateral (cost $24,326,381) |
| 24,326,381 | ||||||
|
| |||||||
Principal | Value | |||||||
REPURCHASE AGREEMENT - 2.9% | ||||||||
State Street Bank & Trust Co. | $ 7,693,807 | 7,693,807 | ||||||
|
| |||||||
Total Repurchase Agreement (cost $7,693,807) |
| 7,693,807 | ||||||
|
| |||||||
Total Investment Securities (cost $250,897,936) (E) |
| 284,593,808 | ||||||
Other Assets and Liabilities - Net | (22,319,674 | ) | ||||||
|
| |||||||
Net Assets | $ 262,274,134 | |||||||
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 62
Transamerica International Value Opportunities
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
FORWARD FOREIGN CURRENCY CONTRACTS: | ||||||||||||||||||
Currency | Counterparty | Contracts Bought (Sold) | Settlement Date | Amount in U.S. Dollars Bought (Sold) | Net Unrealized Appreciation (Depreciation) | |||||||||||||
EUR | SSB | 4,134,200 | 05/08/2013 | $ | 5,457,826 | $ | (13,003 | ) | ||||||||||
EUR | SSB | (3,479,400 | ) | 05/08/2013 | (4,463,305 | ) | (119,134 | ) | ||||||||||
EUR | SSB | (654,800 | ) | 05/08/2013 | (867,983 | ) | 5,599 | |||||||||||
EUR | SSB | (16,344,100 | ) | 10/29/2013 | (21,279,528 | ) | (274,425 | ) | ||||||||||
JPY | SSB | (300,776,900 | ) | 07/08/2013 | (3,135,215 | ) | 48,709 | |||||||||||
JPY | SSB | (582,559,200 | ) | 07/08/2013 | (5,982,489 | ) | 4,393 | |||||||||||
JPY | SSB | (755,150,300 | ) | 07/08/2013 | (7,645,621 | ) | (103,567 | ) | ||||||||||
JPY | SSB | (277,231,700 | ) | 07/08/2013 | (2,785,131 | ) | (59,760 | ) | ||||||||||
JPY | SSB | (848,947,600 | ) | 07/08/2013 | (9,689,479 | ) | 977,764 | |||||||||||
|
| |||||||||||||||||
$ | 466,576 | |||||||||||||||||
|
|
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 April 30, 2013:
Counterparty | Total Market Value of OTC Derivatives | Collateral (Received) Pledged | Net Exposures (1) | |||||||||
SSB | $ | 466,576 | $ | — | $ | 466,576 |
(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 Investment Securities | Value | ||||||
Commercial Banks | 10.8 | % | $ | 30,753,237 | ||||
Textiles, Apparel & Luxury Goods | 6.9 | 19,736,440 | ||||||
Pharmaceuticals | 6.4 | 18,168,788 | ||||||
Chemicals | 4.4 | 12,487,750 | ||||||
Media | 3.7 | 10,466,845 | ||||||
Machinery | 3.7 | 10,444,138 | ||||||
Semiconductors & Semiconductor Equipment | 3.6 | 10,281,582 | ||||||
Specialty Retail | 3.0 | 8,428,654 | ||||||
Insurance | 2.8 | 8,053,742 | ||||||
Energy Equipment & Services | 2.8 | 8,037,196 | ||||||
Oil, Gas & Consumable Fuels | 2.8 | 7,924,575 | ||||||
Wireless Telecommunication Services | 2.7 | 7,645,269 | ||||||
Capital Markets | 2.6 | 7,522,112 | ||||||
Automobiles | 2.6 | 7,496,569 | ||||||
Health Care Providers & Services | 2.6 | 7,365,301 | ||||||
Hotels, Restaurants & Leisure | 2.5 | 7,251,406 | ||||||
Internet Software & Services | 2.5 | 7,171,359 | ||||||
Aerospace & Defense | 2.4 | 6,771,070 | ||||||
Household Products | 2.1 | 6,038,923 | ||||||
Auto Components | 2.1 | 5,965,123 | ||||||
Software | 2.0 | 5,715,003 | ||||||
Diversified Financial Services | 1.9 | 5,509,574 | ||||||
IT Services | 1.9 | 5,472,400 | ||||||
Industrial Conglomerates | 1.6 | 4,577,663 | ||||||
Tobacco | 1.5 | 4,168,227 | ||||||
Beverages | 1.4 | 3,928,833 | ||||||
Food & Staples Retailing | 1.4 | 3,906,089 | ||||||
Metals & Mining | 1.1 | 3,050,696 | ||||||
Road & Rail | 1.0 | 2,886,601 | ||||||
Food Products | 1.0 | 2,792,614 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 63
Transamerica International Value Opportunities
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
INVESTMENTS BY INDUSTRY (continued): | Percentage of Total Investment Securities | Value | ||||||
Personal Products | 0.8 | % | $ | 2,410,988 | ||||
Health Care Equipment & Supplies | 0.1 | 144,853 | ||||||
|
|
|
| |||||
Investment Securities, at Value | 88.7 | 252,573,620 | ||||||
Short-Term Investments | 11.3 | 32,020,188 | ||||||
|
|
|
| |||||
Total Investments | 100.0 | % | $ | 284,593,808 | ||||
|
|
|
|
NOTES TO SCHEDULE OF INVESTMENTS:
(A) | All or a portion of this security is on loan. The value of all securities on loan is $23,307,708. The amount of securities on loan indicated may not correspond with the securities on loan identified because securities with pending sales are in the process of recall from the brokers. |
(B) | Non-income producing security. |
(C) | 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 $42,852, or 0.02% of the fund’s net assets. |
(D) | Rate shown reflects the yield at April 30, 2013. |
(E) | Aggregate cost for federal income tax purposes is $250,897,936. Aggregate gross unrealized appreciation and depreciation for all securities in which there is an excess of value over tax cost were $39,875,218 and $6,179,346, respectively. Net unrealized appreciation for tax purposes is $33,695,872. |
DEFINITIONS:
ADR | American Depositary Receipt | |
OTC | Over the Counter | |
SSB | State Street Bank & Trust Co. |
CURRENCY ABBREVIATIONS:
EUR | Euro | |
JPY | Japanese Yen |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 64
Transamerica International Value Opportunities
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
VALUATION SUMMARY: (F)
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
ASSETS | ||||||||||||||||
Investment Securities | ||||||||||||||||
Common Stocks | $ | 50,178,408 | $ | 202,395,212 | $ | — | $ | 252,573,620 | ||||||||
Securities Lending Collateral | 24,326,381 | — | — | 24,326,381 | ||||||||||||
Repurchase Agreement | — | 7,693,807 | — | 7,693,807 | ||||||||||||
Total Investment Securities | $ | 74,504,789 | $ | 210,089,019 | $ | — | $ | 284,593,808 | ||||||||
Derivative Financial Instruments | ||||||||||||||||
Forward Foreign Currency Contracts (G) | $ | — | $ | 1,036,465 | $ | — | $ | 1,036,465 | ||||||||
Total Derivative Financial Instruments | $ | — | $ | 1,036,465 | $ | — | $ | 1,036,465 | ||||||||
Other Assets (H) | ||||||||||||||||
Foreign Currency | $ | 74,580 | $ | — | $ | — | $ | 74,580 | ||||||||
Total Other Assets | $ | 74,580 | $ | — | $ | — | $ | 74,580 | ||||||||
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
LIABILITIES | ||||||||||||||||
Derivative Financial Instruments | ||||||||||||||||
Forward Foreign Currency Contracts (G) | $ | — | $ | (569,889 | ) | $ | — | $ | (569,889 | ) | ||||||
Total Derivative Financial Instruments | $ | — | $ | (569,889 | ) | $ | — | $ | (569,889 | ) | ||||||
Other Liabilities (H) | ||||||||||||||||
Collateral for Securities on Loan | $ | — | $ | (24,326,381 | ) | $ | — | $ | (24,326,381 | ) | ||||||
Total Other Liabilities | $ | — | $ | (24,326,381 | ) | $ | — | $ | (24,326,381 | ) |
(F) | Transfers between levels are considered to have occurred at the end of the reporting period. There were no transfers between Levels 1 and 2 during the period ended April 30, 2013. See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
(G) | Other financial instruments are derivative instruments that are valued at unrealized appreciation (depreciation) on the instrument. |
(H) | Certain assets and liabilities are held at carrying amount or face value, which approximates fair value for financial reporting purposes. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 65
Transamerica Long/Short Strategy
SCHEDULE OF INVESTMENTS
At April 30, 2013
(unaudited)
Shares | Value | |||||||
COMMON STOCKS - 102.8% | ||||||||
Aerospace & Defense - 3.5% | ||||||||
Honeywell International, Inc. | 24,470 | $ 1,799,524 | ||||||
United Technologies Corp. (A) | 25,910 | 2,365,324 | ||||||
Auto Components - 1.5% | ||||||||
BorgWarner, Inc. (B) | 2,010 | 157,121 | ||||||
Johnson Controls, Inc. (A) | 32,880 | 1,151,129 | ||||||
TRW Automotive Holdings Corp. (A) (B) | 7,700 | 462,539 | ||||||
Automobiles - 1.5% | ||||||||
General Motors Co. (A) (B) | 58,540 | 1,805,374 | ||||||
Beverages - 3.0% | ||||||||
Coca-Cola Co. (A) | 16,870 | 714,107 | ||||||
Coca-Cola Enterprises, Inc. (A) | 55,240 | 2,023,441 | ||||||
Dr. Pepper Snapple Group, Inc. (A) | 6,740 | 329,114 | ||||||
PepsiCo, Inc. (A) | 6,080 | 501,418 | ||||||
Biotechnology - 4.1% | ||||||||
Alexion Pharmaceuticals, Inc. (A) (B) | 5,900 | 578,200 | ||||||
Biogen IDEC, Inc. (A) (B) | 7,890 | 1,727,358 | ||||||
Celgene Corp. (A) (B) | 10,000 | 1,180,700 | ||||||
Onyx Pharmaceuticals, Inc. (B) | 5,140 | 487,272 | ||||||
Vertex Pharmaceuticals, Inc. (B) | 11,400 | 875,748 | ||||||
Building Products - 0.5% | ||||||||
Masco Corp. (A) | 29,630 | 576,007 | ||||||
Capital Markets - 2.4% | ||||||||
Goldman Sachs Group, Inc. (A) | 3,200 | 467,424 | ||||||
Invesco, Ltd. (A) | 24,350 | 772,869 | ||||||
Morgan Stanley (A) | 24,750 | 548,212 | ||||||
State Street Corp. (A) | 12,480 | 729,706 | ||||||
TD Ameritrade Holding Corp. (A) | 14,720 | 293,075 | ||||||
Chemicals - 2.9% | ||||||||
Air Products & Chemicals, Inc. (A) | 18,560 | 1,613,978 | ||||||
Axiall Corp. (A) | 20,250 | 1,062,113 | ||||||
Dow Chemical Co. | 16,830 | 570,705 | ||||||
E.I. du Pont de Nemours & Co. (A) | 4,230 | 230,577 | ||||||
Commercial Banks - 2.7% | ||||||||
BB&T Corp. | 16,330 | 502,474 | ||||||
CIT Group, Inc. (A) (B) | 6,760 | 287,368 | ||||||
Comerica, Inc. - Class A (A) | 16,190 | 586,887 | ||||||
Regions Financial Corp. (A) | 36,540 | 310,225 | ||||||
SunTrust Banks, Inc. (A) | 15,230 | 445,477 | ||||||
Wells Fargo & Co. (A) | 28,700 | 1,090,026 | ||||||
Commercial Services & Supplies - 0.3% | ||||||||
Tyco International, Ltd. (A) | 9,500 | 305,140 | ||||||
Communications Equipment - 1.0% | ||||||||
Cisco Systems, Inc. (A) | 24,750 | 517,770 | ||||||
QUALCOMM, Inc. (A) | 10,308 | 635,179 | ||||||
Computers & Peripherals - 0.2% | ||||||||
Apple, Inc. (A) | 600 | 265,650 | ||||||
Construction & Engineering - 0.9% | ||||||||
Fluor Corp. (A) | 19,190 | 1,093,446 | ||||||
Consumer Finance - 0.4% | ||||||||
Capital One Financial Corp. | 7,950 | 459,351 | ||||||
Containers & Packaging - 0.2% | ||||||||
Rock-Tenn Co. - Class A (A) | 2,040 | 204,286 | ||||||
Diversified Financial Services - 1.9% | ||||||||
Bank of America Corp. (A) | 87,720 | 1,079,833 | ||||||
Citigroup, Inc. (A) | 15,569 | 726,450 | ||||||
CME Group, Inc. - Class A (A) | 3,210 | 195,361 | ||||||
IntercontinentalExchange, Inc. (A) (B) | 1,880 | 306,308 |
Shares | Value | |||||||
Electric Utilities - 5.0% | ||||||||
Edison International | 26,990 | $ 1,452,062 | ||||||
Exelon Corp. | 27,520 | 1,032,275 | ||||||
NextEra Energy, Inc. (A) | 21,310 | 1,748,059 | ||||||
NV Energy, Inc. (A) | 76,120 | 1,646,476 | ||||||
Electrical Equipment - 1.6% | ||||||||
Emerson Electric Co. (A) | 33,590 | 1,864,581 | ||||||
Energy Equipment & Services - 1.4% | ||||||||
Ensco PLC - Class A | 10,830 | 624,675 | ||||||
National Oilwell Varco, Inc. | 4,820 | 314,360 | ||||||
Schlumberger, Ltd. (A) | 9,830 | 731,647 | ||||||
Food & Staples Retailing - 0.6% | ||||||||
CVS Caremark Corp. | 12,200 | 709,796 | ||||||
Food Products - 3.1% | ||||||||
Archer-Daniels-Midland Co. (A) | 27,610 | 937,083 | ||||||
General Mills, Inc. (A) | 24,360 | 1,228,231 | ||||||
Kellogg Co. (A) | 6,080 | 395,443 | ||||||
Mondelez International, Inc. - Class A (A) | 35,470 | 1,115,532 | ||||||
Gas Utilities - 0.3% | ||||||||
AGL Resources, Inc. | 7,700 | 337,645 | ||||||
Health Care Equipment & Supplies - 2.8% | ||||||||
Boston Scientific Corp. (B) | 60,210 | 450,973 | ||||||
CareFusion Corp. - Class A (B) | 34,050 | 1,138,632 | ||||||
Covidien PLC (A) | 18,130 | 1,157,419 | ||||||
Intuitive Surgical, Inc. (B) | 1,250 | 615,362 | ||||||
Health Care Providers & Services - 2.3% | ||||||||
DaVita HealthCare Partners, Inc. (B) | 9,190 | 1,090,393 | ||||||
Humana, Inc. - Class A (A) | 9,760 | 723,314 | ||||||
UnitedHealth Group, Inc. (A) | 15,390 | 922,323 | ||||||
Health Care Technology - 0.6% | ||||||||
athenahealth, Inc. (B) | 2,950 | 283,967 | ||||||
Cerner Corp. (B) | 4,650 | 449,980 | ||||||
Hotels, Restaurants & Leisure - 0.5% | ||||||||
Carnival Corp. (A) | 5,590 | 192,911 | ||||||
Royal Caribbean Cruises, Ltd. - Class A | 10,880 | 397,446 | ||||||
Household Durables - 0.8% | ||||||||
Lennar Corp. - Class A | 7,980 | 328,936 | ||||||
NVR, Inc. (B) | 230 | 236,900 | ||||||
PulteGroup, Inc. (A) (B) | 17,700 | 371,523 | ||||||
Household Products - 2.1% | ||||||||
Energizer Holdings, Inc. | 5,400 | 521,586 | ||||||
Kimberly-Clark Corp. | 10,930 | 1,127,867 | ||||||
Procter & Gamble Co. (A) | 11,130 | 854,450 | ||||||
Insurance - 5.4% | ||||||||
ACE, Ltd. (A) | 27,810 | 2,478,983 | ||||||
Aflac, Inc. | 6,760 | 368,014 | ||||||
AON PLC | 6,890 | 415,812 | ||||||
Axis Capital Holdings, Ltd. (A) | 17,920 | 799,770 | ||||||
Everest RE Group, Ltd. (A) | 5,550 | 749,195 | ||||||
Hartford Financial Services Group, Inc. (A) | 12,580 | 353,372 | ||||||
MetLife, Inc. (A) | 31,990 | 1,247,290 | ||||||
Internet & Catalog Retail - 1.5% | ||||||||
Amazon.com, Inc. (A) (B) | 4,740 | 1,203,059 | ||||||
Expedia, Inc. (A) | 4,930 | 275,291 | ||||||
priceline.com, Inc. (B) | 430 | 299,276 | ||||||
Internet Software & Services - 3.5% | ||||||||
eBay, Inc. (A) (B) | 14,820 | 776,420 | ||||||
Equinix, Inc. (B) | 1,050 | 224,805 | ||||||
Google, Inc. - Class A (A) (B) | 3,430 | 2,828,275 | ||||||
LinkedIn Corp. - Class A (B) | 1,370 | 263,163 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 66
Transamerica Long/Short Strategy
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Shares | Value | |||||||
IT Services - 1.1% | ||||||||
Cognizant Technology Solutions Corp. - Class A (A) (B) | 3,920 | $ 254,016 | ||||||
Genpact, Ltd. (A) | 11,720 | 217,992 | ||||||
Jack Henry & Associates, Inc. | 2,860 | 132,704 | ||||||
Visa, Inc. - Class A (A) | 4,260 | 717,640 | ||||||
Life Sciences Tools & Services - 0.6% | ||||||||
Mettler-Toledo International, Inc. (B) | 3,160 | 660,314 | ||||||
Machinery - 2.0% | ||||||||
Deere & Co. (A) | 3,150 | 281,295 | ||||||
PACCAR, Inc. (A) | 32,540 | 1,619,841 | ||||||
SPX Corp. | 7,080 | 527,531 | ||||||
Media - 6.3% | ||||||||
CBS Corp. - Class B (A) | 39,140 | 1,791,829 | ||||||
Comcast Corp. - Class A | 11,490 | 474,537 | ||||||
DISH Network Corp. - Class A (A) | 13,730 | 538,079 | ||||||
Time Warner Cable, Inc. (A) | 4,650 | 436,588 | ||||||
Time Warner, Inc. (A) | 71,090 | 4,249,760 | ||||||
Metals & Mining - 1.2% | ||||||||
Alcoa, Inc. (A) | 96,950 | 824,075 | ||||||
Alumina, Ltd. - ADR (B) | 76,110 | 304,440 | ||||||
Walter Energy, Inc. | 14,700 | 263,424 | ||||||
Multi-Utilities - 1.9% | ||||||||
NiSource, Inc. - Class B (A) | 25,050 | 769,787 | ||||||
Sempra Energy | 17,970 | 1,488,814 | ||||||
Multiline Retail - 0.8% | ||||||||
Target Corp. (A) | 13,360 | 942,682 | ||||||
Oil, Gas & Consumable Fuels - 2.7% | ||||||||
Anadarko Petroleum Corp. - Class A | 4,030 | 341,583 | ||||||
Apache Corp. | 4,700 | 347,236 | ||||||
Cheniere Energy, Inc. (B) | 16,240 | 462,515 | ||||||
ConocoPhillips | 6,060 | 366,327 | ||||||
Occidental Petroleum Corp. (A) | 4,530 | 404,348 | ||||||
Phillips 66 (A) | 11,260 | 686,297 | ||||||
Williams Cos., Inc. (A) | 17,140 | 653,548 | ||||||
Pharmaceuticals - 2.8% | ||||||||
Allergan, Inc. | 6,790 | 771,004 | ||||||
Bristol-Myers Squibb Co. | 18,580 | 737,998 | ||||||
Johnson & Johnson | 13,560 | 1,155,719 | ||||||
Merck & Co., Inc. (A) | 12,890 | 605,830 | ||||||
Real Estate Investment Trusts - 7.9% | ||||||||
American Campus Communities, Inc. - Class A (A) | 14,210 | 634,335 | ||||||
Apartment Investment & Management Co. - Class A | 21,220 | 660,154 | ||||||
Boston Properties, Inc. (A) | 2,200 | 240,746 | ||||||
Brandywine Realty Trust | 16,300 | 243,359 | ||||||
CBL & Associates Properties, Inc. | 23,740 | 573,084 | ||||||
CubeSmart - Class A (A) | 35,860 | 630,060 | ||||||
Digital Realty Trust, Inc. | 7,070 | 498,576 | ||||||
Education Realty Trust, Inc. | 30,400 | 334,096 | ||||||
Equity Residential | 4,400 | 255,464 | ||||||
HCP, Inc. | 12,980 | 691,834 | ||||||
Kimco Realty Corp. | 21,970 | 522,447 | ||||||
LaSalle Hotel Properties (A) | 33,450 | 867,359 | ||||||
Liberty Property Trust - Series C (A) | 9,860 | 423,881 | ||||||
National Retail Properties, Inc. | 14,480 | 574,566 | ||||||
Post Properties, Inc. | 10,440 | 516,049 | ||||||
Simon Property Group, Inc. (A) | 7,540 | 1,342,648 | ||||||
Sunstone Hotel Investors, Inc. (B) | 25,340 | 314,469 |
Shares | Value | |||||||
Road & Rail - 2.1% | ||||||||
CSX Corp. (A) | 48,500 | $ 1,192,615 | ||||||
Norfolk Southern Corp. (A) | 3,930 | 304,261 | ||||||
Union Pacific Corp. (A) | 6,900 | 1,020,924 | ||||||
Semiconductors & Semiconductor Equipment - 7.5% |
| |||||||
Advanced Micro Devices, Inc. (B) | 25,500 | 71,910 | ||||||
Applied Materials, Inc. - Class A | 56,570 | 820,831 | ||||||
ASML Holding NV - Class G | 4,825 | 358,835 | ||||||
Avago Technologies, Ltd. - Class A | 23,350 | 746,266 | ||||||
Broadcom Corp. - Class A (A) | 47,900 | 1,724,400 | ||||||
Freescale Semiconductor, Ltd. (A) (B) | 30,800 | 476,784 | ||||||
KLA-Tencor Corp. | 14,350 | 778,488 | ||||||
LAM Research Corp. (A) (B) | 38,690 | 1,788,252 | ||||||
LSI Corp. (A) (B) | 34,750 | 227,265 | ||||||
Micron Technology, Inc. (B) | 10,660 | 100,417 | ||||||
Texas Instruments, Inc. | 12,010 | 434,882 | ||||||
Xilinx, Inc. (A) | 35,440 | 1,343,530 | ||||||
Software - 2.2% | ||||||||
Adobe Systems, Inc. (A) (B) | 10,370 | 467,479 | ||||||
Citrix Systems, Inc. (A) (B) | 6,800 | 422,756 | ||||||
Microsoft Corp. (A) | 17,610 | 582,891 | ||||||
Oracle Corp. (A) | 19,710 | 646,094 | ||||||
Splunk, Inc. (B) | 5,870 | 239,496 | ||||||
VMware, Inc. - Class A (B) | 2,900 | 204,450 | ||||||
Specialty Retail - 2.3% | ||||||||
AutoZone, Inc. (A) (B) | 1,410 | 576,817 | ||||||
Home Depot, Inc. (A) | 7,420 | 544,257 | ||||||
Lowe’s Cos., Inc. (A) | 15,270 | 586,673 | ||||||
Ross Stores, Inc. (A) | 8,040 | 531,203 | ||||||
TJX Cos., Inc. | 10,490 | 511,597 | ||||||
Textiles, Apparel & Luxury Goods - 0.9% | ||||||||
Lululemon Athletica, Inc. (B) | 4,540 | 345,630 | ||||||
V.F. Corp. (A) | 4,030 | 718,227 | ||||||
Tobacco - 1.5% | ||||||||
Philip Morris International, Inc. | 19,080 | 1,823,857 | ||||||
Trading Companies & Distributors - 0.5% | ||||||||
WW Grainger, Inc. | 2,310 | 569,346 | ||||||
|
| |||||||
Total Common Stocks (cost $104,398,461) | 121,830,151 | |||||||
|
| |||||||
Principal | Value | |||||||
REPURCHASE AGREEMENT - 0.0% (C) | ||||||||
State Street Bank & Trust Co. | $ 58,571 | 58,571 | ||||||
|
| |||||||
Total Repurchase Agreement (cost $58,571) |
| 58,571 | ||||||
|
| |||||||
Total Investment Securities (cost $104,457,032) (E) |
| 121,888,722 | ||||||
Other Assets and Liabilities - Net | (3,359,422 | ) | ||||||
|
| |||||||
Net Assets | $118,529,300 | |||||||
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 67
Transamerica Long/Short Strategy
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Shares | Value | |||||||
SECURITIES SOLD SHORT - (78.4%) |
| |||||||
COMMON STOCKS - (78.4%) |
| |||||||
Aerospace & Defense - (3.0%) |
| |||||||
Boeing Co. | (7,945 | ) | $ (726,252 | ) | ||||
Lockheed Martin Corp. | (18,220 | ) | (1,805,420 | ) | ||||
Raytheon Co. | (11,070 | ) | (679,477 | ) | ||||
Textron, Inc. | (13,810 | ) | (355,607 | ) | ||||
Air Freight & Logistics - (0.8%) |
| |||||||
FedEx Corp. | (5,100 | ) | (479,451 | ) | ||||
United Parcel Service, Inc. - Class B | (6,030 | ) | (517,615 | ) | ||||
Auto Components - (0.7%) |
| |||||||
Autoliv, Inc. | (3,360 | ) | (256,771 | ) | ||||
Gentex Corp. | (25,500 | ) | (573,750 | ) | ||||
Automobiles - (0.7%) |
| |||||||
Ford Motor Co. | (62,890 | ) | (862,222 | ) | ||||
Beverages - (0.6%) |
| |||||||
Brown-Forman Corp. - Class B | (10,150 | ) | (715,575 | ) | ||||
Biotechnology - (1.1%) |
| |||||||
Amgen, Inc. | (8,380 | ) | (873,280 | ) | ||||
Medivation, Inc. (B) | (4,700 | ) | (247,737 | ) | ||||
United Therapeutics Corp. (B) | (3,050 | ) | (203,679 | ) | ||||
Capital Markets - (1.3%) |
| |||||||
BlackRock, Inc. - Class A | (1,560 | ) | (415,740 | ) | ||||
Federated Investors, Inc. - Class B | (8,990 | ) | (206,411 | ) | ||||
Franklin Resources, Inc. | (5,720 | ) | (884,655 | ) | ||||
Teton Advisors, Inc. - Class B (F) | (3 | ) | — | |||||
Chemicals - (3.6%) |
| |||||||
Cabot Corp. | (6,950 | ) | (261,042 | ) | ||||
Celanese Corp. - Series A | (2,950 | ) | (145,759 | ) | ||||
OM Group, Inc. (B) | (18,280 | ) | (447,312 | ) | ||||
PPG Industries, Inc. | (2,190 | ) | (322,237 | ) | ||||
Praxair, Inc. | (16,510 | ) | (1,887,093 | ) | ||||
Sigma-Aldrich Corp. | (7,620 | ) | (599,618 | ) | ||||
Valspar Corp. | (8,600 | ) | (548,852 | ) | ||||
Commercial Banks - (2.3%) |
| |||||||
BancorpSouth, Inc. | (22,420 | ) | (358,720 | ) | ||||
Bank of Hawaii Corp. | (11,070 | ) | (527,928 | ) | ||||
Commerce Bancshares, Inc. | (9,770 | ) | (391,875 | ) | ||||
Trustmark Corp. - Class A | (14,940 | ) | (366,777 | ) | ||||
UMB Financial Corp. | (12,870 | ) | (647,876 | ) | ||||
Valley National Bancorp | (51,457 | ) | (462,598 | ) | ||||
Computers & Peripherals - (0.5%) |
| |||||||
Seagate Technology PLC | (9,400 | ) | (344,980 | ) | ||||
Western Digital Corp. | (4,650 | ) | (257,052 | ) | ||||
Construction Materials - (0.1%) |
| |||||||
Vulcan Materials Co. | (2,410 | ) | (120,211 | ) | ||||
Consumer Finance - (0.3%) |
| |||||||
Discover Financial Services | (7,510 | ) | (328,487 | ) | ||||
Containers & Packaging - (0.2%) |
| |||||||
MeadWestvaco Corp. | (7,780 | ) | (268,254 | ) | ||||
Electric Utilities - (1.8%) |
| |||||||
Entergy Corp. - Class B | (8,940 | ) | (636,796 | ) | ||||
FirstEnergy Corp. | (11,320 | ) | (527,512 | ) | ||||
Southern Co. | (18,910 | ) | (912,030 | ) | ||||
Electrical Equipment - (1.0%) |
| |||||||
Rockwell Automation, Inc. - Class B | (14,600 | ) | (1,237,788 | ) | ||||
Energy Equipment & Services - (0.7%) |
| |||||||
Diamond Offshore Drilling, Inc. | (4,490 | ) | (310,259 | ) | ||||
Nabors Industries, Ltd. | (20,900 | ) | (309,111 | ) |
Shares | Value | |||||||
Energy Equipment & Services (continued) |
| |||||||
Tenaris SA - ADR | (5,510 | ) | $ (245,140 | ) | ||||
Food & Staples Retailing - (0.2%) |
| |||||||
Safeway, Inc. | (9,570 | ) | (215,516 | ) | ||||
Food Products - (2.5%) |
| |||||||
Hershey Co. | (25,000 | ) | (2,229,000 | ) | ||||
Mead Johnson Nutrition Co. - Class A | (8,680 | ) | (703,861 | ) | ||||
Gas Utilities - (0.3%) |
| |||||||
National Fuel Gas Co. | (6,070 | ) | (380,710 | ) | ||||
Health Care Equipment & Supplies - (3.0%) |
| |||||||
Becton Dickinson and Co. | (4,310 | ) | (406,433 | ) | ||||
CR Bard, Inc. | (5,720 | ) | (568,339 | ) | ||||
Edwards Lifesciences Corp. (B) | (2,830 | ) | (180,526 | ) | ||||
Medtronic, Inc. | (17,440 | ) | (814,099 | ) | ||||
Varian Medical Systems, Inc. (B) | (10,600 | ) | (690,484 | ) | ||||
Zimmer Holdings, Inc. - Class A | (12,520 | ) | (957,154 | ) | ||||
Health Care Providers & Services - (1.1%) |
| |||||||
Laboratory Corp. of America Holdings (B) | (2,610 | ) | (243,670 | ) | ||||
Tenet Healthcare Corp. (B) | (10,790 | ) | (489,434 | ) | ||||
WellPoint, Inc. | (8,320 | ) | (606,694 | ) | ||||
Health Care Technology - (0.2%) |
| |||||||
Quality Systems, Inc. | (12,670 | ) | (226,413 | ) | ||||
Hotels, Restaurants & Leisure - (0.5%) |
| |||||||
Choice Hotels International, Inc. | (3,720 | ) | (145,303 | ) | ||||
Hyatt Hotels Corp. - Class A (B) | (11,150 | ) | (475,882 | ) | ||||
Household Durables - (0.4%) |
| |||||||
Toll Brothers, Inc. (B) | (12,940 | ) | (443,971 | ) | ||||
Household Products - (1.0%) |
| |||||||
Church & Dwight Co., Inc. | (18,060 | ) | (1,153,853 | ) | ||||
Industrial Conglomerates - (1.8%) |
| |||||||
Danaher Corp. | (11,160 | ) | (680,090 | ) | ||||
General Electric Co. | (63,040 | ) | (1,405,162 | ) | ||||
Insurance - (6.4%) |
| |||||||
Allstate Corp. | (13,580 | ) | (668,951 | ) | ||||
American International Group, Inc. (B) | (7,110 | ) | (294,496 | ) | ||||
Arch Capital Group, Ltd. (B) | (13,170 | ) | (698,800 | ) | ||||
Chubb Corp. - Class A | (11,840 | ) | (1,042,749 | ) | ||||
Lincoln National Corp. | (11,380 | ) | (387,034 | ) | ||||
Progressive Corp. | (37,270 | ) | (942,558 | ) | ||||
RenaissanceRe Holdings, Ltd. | (4,630 | ) | (434,711 | ) | ||||
Torchmark Corp. | (11,300 | ) | (701,391 | ) | ||||
Travelers Cos., Inc. | (11,960 | ) | (1,021,504 | ) | ||||
WR Berkley Corp. | (23,910 | ) | (1,038,172 | ) | ||||
XL Group PLC - Class A | (12,480 | ) | (388,627 | ) | ||||
Internet & Catalog Retail - (0.9%) |
| |||||||
NetFlix, Inc. (B) | (5,110 | ) | (1,104,118 | ) | ||||
Internet Software & Services - (0.4%) |
| |||||||
AOL, Inc. (B) | (11,490 | ) | (443,974 | ) | ||||
IT Services - (1.2%) |
| |||||||
Automatic Data Processing, Inc. | (6,590 | ) | (443,770 | ) | ||||
Fiserv, Inc. (B) | (2,280 | ) | (207,731 | ) | ||||
Paychex, Inc. | (12,510 | ) | (455,489 | ) | ||||
SAIC, Inc. | (18,170 | ) | (271,460 | ) | ||||
Leisure Equipment & Products - (0.6%) |
| |||||||
Hasbro, Inc. | (14,660 | ) | (694,444 | ) | ||||
Machinery - (3.0%) |
| |||||||
Caterpillar, Inc. | (9,130 | ) | (773,037 | ) | ||||
Cummins, Inc. | (2,290 | ) | (243,633 | ) | ||||
Dover Corp. | (21,150 | ) | (1,458,927 | ) |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 68
Transamerica Long/Short Strategy
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Shares | Value | |||||||
Machinery (continued) |
| |||||||
Illinois Tool Works, Inc. - Class A | (13,865 | ) | $ (895,125 | ) | ||||
Parker Hannifin Corp. | (1,730 | ) | (153,226 | ) | ||||
Media - (5.9%) |
| |||||||
Discovery Communications, Inc. - Series A (B) | (5,940 | ) | (468,191 | ) | ||||
Gannett Co., Inc. | (23,630 | ) | (476,381 | ) | ||||
Interpublic Group of Cos., Inc. | (31,140 | ) | (430,978 | ) | ||||
News Corp. - Class B | (40,770 | ) | (1,268,762 | ) | ||||
Omnicom Group, Inc. | (27,370 | ) | (1,635,905 | ) | ||||
Scripps Networks Interactive, Inc. - Class A | (24,580 | ) | (1,636,536 | ) | ||||
Washington Post Co. - Class B | (2,420 | ) | (1,072,883 | ) | ||||
Metals & Mining - (2.2%) | ||||||||
Cliffs Natural Resources, Inc. | (42,215 | ) | (900,868 | ) | ||||
Freeport-McMoRan Copper & Gold, Inc. | (12,010 | ) | (365,464 | ) | ||||
Nucor Corp. | (30,690 | ) | (1,338,698 | ) | ||||
Multi-Utilities - (2.6%) | ||||||||
Consolidated Edison, Inc. | (15,860 | ) | (1,009,489 | ) | ||||
Dominion Resources, Inc. | (6,520 | ) | (402,154 | ) | ||||
Public Service Enterprise Group, Inc. | (26,290 | ) | (962,477 | ) | ||||
Wisconsin Energy Corp. | (16,180 | ) | (727,129 | ) | ||||
Oil, Gas & Consumable Fuels - (3.1%) | ||||||||
Chesapeake Energy Corp. | (11,250 | ) | (219,825 | ) | ||||
CONSOL Energy, Inc. | (15,340 | ) | (516,038 | ) | ||||
Devon Energy Corp. - Class A | (6,270 | ) | (345,226 | ) | ||||
Exxon Mobil Corp. | (10,970 | ) | (976,220 | ) | ||||
Southwestern Energy Co. (B) | (8,290 | ) | (310,212 | ) | ||||
Spectra Energy Corp. | (6,020 | ) | (189,811 | ) | ||||
TransCanada Corp. | (16,590 | ) | (821,371 | ) | ||||
WPX Energy, Inc. (B) | (17,640 | ) | (275,713 | ) | ||||
Personal Products - (0.6%) | ||||||||
Estee Lauder Cos., Inc. - Class A | (10,950 | ) | (759,382 | ) | ||||
Pharmaceuticals - (2.5%) | ||||||||
AbbVie, Inc. - Class G | (11,850 | ) | (545,693 | ) | ||||
Eli Lilly & Co. | (28,480 | ) | (1,577,222 | ) | ||||
Forest Laboratories, Inc. (B) | (11,300 | ) | (422,733 | ) | ||||
Hospira, Inc. (B) | (12,700 | ) | (420,624 | ) | ||||
Real Estate Investment Trusts - (7.3%) | ||||||||
Coresite Realty Corp. - Class 3 | (7,080 | ) | (256,154 | ) | ||||
Corporate Office Properties Trust | (17,200 | ) | (498,628 | ) | ||||
DCT Industrial Trust, Inc. | (102,970 | ) | (806,255 | ) | ||||
DDR Corp. | (16,800 | ) | (308,112 | ) | ||||
EastGroup Properties, Inc. | (12,450 | ) | (785,221 | ) |
Shares | Value | |||||||
Real Estate Investment Trusts (continued) | ||||||||
Excel Trust, Inc. | (17,880 | ) | $ (272,312 | ) | ||||
Health Care REIT, Inc. | (10,910 | ) | (817,923 | ) | ||||
Hudson Pacific Properties, Inc. | (16,980 | ) | (387,314 | ) | ||||
Mack-Cali Realty Corp. | (14,710 | ) | (408,497 | ) | ||||
Mid-America Apartment Communities, Inc. | (2,600 | ) | (178,698 | ) | ||||
Realty Income Corp. | (20,170 | ) | (1,028,065 | ) | ||||
Senior Housing Properties Trust | (30,620 | ) | (870,527 | ) | ||||
Tanger Factory Outlet Centers | (17,830 | ) | (661,850 | ) | ||||
Vornado Realty Trust - Class A | (6,880 | ) | (602,413 | ) | ||||
Weingarten Realty Investors | (21,430 | ) | (730,120 | ) | ||||
Real Estate Management & Development - (0.4%) |
| |||||||
Brookfield Office Properties, Inc. | (26,800 | ) | (493,388 | ) | ||||
Road & Rail - (1.4%) | ||||||||
Heartland Express, Inc. | (41,300 | ) | (560,441 | ) | ||||
Knight Transportation, Inc. | (33,660 | ) | (525,769 | ) | ||||
Werner Enterprises, Inc. | (24,410 | ) | (560,454 | ) | ||||
Semiconductors & Semiconductor Equipment - (6.9%) |
| |||||||
Analog Devices, Inc. - Class A | (11,610 | ) | (510,724 | ) | ||||
Cypress Semiconductor Corp. (B) | (27,400 | ) | (276,466 | ) | ||||
Intel Corp. | �� | (65,260 | ) | (1,562,977 | ) | |||
Linear Technology Corp. | (15,400 | ) | (562,100 | ) | ||||
Marvell Technology Group, Ltd. | (30,780 | ) | (331,193 | ) | ||||
Maxim Integrated Products, Inc. - Class A | (25,310 | ) | (782,838 | ) | ||||
Microchip Technology, Inc. | (43,330 | ) | (1,578,079 | ) | ||||
NVIDIA Corp. | (32,520 | ) | (447,800 | ) | ||||
Taiwan Semiconductor Manufacturing Co., Ltd. - ADR | (87,010 | ) | (1,660,151 | ) | ||||
Teradyne, Inc. (B) | (28,240 | ) | (464,265 | ) | ||||
Software - (0.6%) | ||||||||
Electronic Arts, Inc. (B) | (39,970 | ) | (703,872 | ) | ||||
Specialty Retail - (0.8%) | ||||||||
Bed Bath & Beyond, Inc. (B) | (3,490 | ) | (240,112 | ) | ||||
CarMax, Inc. (B) | (6,010 | ) | (276,701 | ) | ||||
O’Reilly Automotive, Inc. (B) | (3,810 | ) | (408,889 | ) | ||||
Tobacco - (1.4%) | ||||||||
Altria Group, Inc. | (45,110 | ) | (1,646,966 | ) | ||||
Trading Companies & Distributors - (0.5%) | ||||||||
Fastenal Co. | (11,520 | ) | (565,057 | ) | ||||
|
| |||||||
Total Common Stocks (proceeds $(79,067,540)) |
| (92,895,785 | ) | |||||
|
| |||||||
Total Securities Sold Short (proceeds $(79,067,540)) |
| $ (92,895,785 | ) | |||||
|
|
NOTES TO SCHEDULE OF INVESTMENTS:
(A) | All or a portion of this security has been segregated by the custodian with the broker as collateral for open securities sold short transactions. Total value of securities segregated as collateral for open securities sold short transactions is $60,495,921. |
(B) | Non-income producing security. |
(C) | Percentage rounds to less than 0.1%. |
(D) | Rate shown reflects the yield at April 30, 2013. |
(E) | Aggregate cost for federal income tax purposes is $104,457,032. Aggregate gross unrealized appreciation and depreciation for all securities in which there is an excess of value over tax cost were $18,733,527 and $1,301,837, respectively. Net unrealized appreciation for tax purposes is $17,431,690. |
(F) | 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 $0, or less than 0.01% of the fund’s net assets. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 69
Transamerica Long/Short Strategy
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
DEFINITIONS:
ADR | American Depositary Receipt |
VALUATION SUMMARY: (G)
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
ASSETS | ||||||||||||||||
Investment Securities | ||||||||||||||||
Common Stocks | $ | 121,830,151 | $ | — | $ | — | $ | 121,830,151 | ||||||||
Repurchase Agreement | — | 58,571 | — | 58,571 | ||||||||||||
Total Investment Securities | $ | 121,830,151 | $ | 58,571 | $ | — | $ | 121,888,722 | ||||||||
Other Assets (H) | ||||||||||||||||
Cash on Deposit with Broker | $ | — | $ | 89,688,471 | $ | — | $ | 89,688,471 | ||||||||
Total Other Assets | $ | — | $ | 89,688,471 | $ | — | $ | 89,688,471 | ||||||||
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
LIABILITIES | ||||||||||||||||
Securities Sold Short | ||||||||||||||||
Common Stocks | $ | (92,895,785 | ) | $ | — | $ | 0 | $ | (92,895,785 | ) | ||||||
Total Securities Sold Short | $ | (92,895,785 | ) | $ | — | $ | 0 | $ | (92,895,785 | ) |
(G) | Transfers between levels are considered to have occurred at the end of the reporting period. There were no transfers between Levels 1 and 2 during the period ended April 30, 2013. See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
(H) | Certain assets and liabilities are held at carrying amount or face value, which approximates fair value for financial reporting purposes. |
Level 3 Rollforward - Securities Sold Short
Securities | Beginning 2012 | Purchases | Sales | Accrued Discounts (Premiums) | Total Realized Gain (Loss) | Net Change in Unrealized Appreciation (Depreciation) | Transfers into Level 3 | Transfers out of Level 3 | Ending Balance at April 30, 2013 (I) | Net Change in Unrealized Appreciation (Depreciation) on Investments Held at April 30, 2013 | ||||||||||||||||||||||||||||||
Common Stocks | $ | 0 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 0 | $ | — |
(I) | Inputs used in the valuation of the Level 3 securities were not considered significant unobservable inputs. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 70
Transamerica Mid Cap Value
SCHEDULE OF INVESTMENTS
At April 30, 2013
(unaudited)
Shares | Value | |||||||
COMMON STOCKS - 96.7% | ||||||||
Aerospace & Defense - 0.2% |
| |||||||
Alliant Techsystems, Inc. | 7,968 | $ 592,501 | ||||||
Beverages - 2.4% | ||||||||
Beam, Inc. | 39,086 | 2,529,255 | ||||||
Brown-Forman Corp. - Class B | 16,355 | 1,153,028 | ||||||
Dr. Pepper Snapple Group, Inc. | 42,015 | 2,051,592 | ||||||
Building Products - 0.8% | ||||||||
Fortune Brands Home & Security, Inc. (A) | 55,360 | 2,014,550 | ||||||
Capital Markets - 5.4% | ||||||||
Ameriprise Financial, Inc. | 46,380 | 3,456,701 | ||||||
Charles Schwab Corp. (B) | 130,362 | 2,210,940 | ||||||
Invesco, Ltd. | 85,140 | 2,702,344 | ||||||
Northern Trust Corp. | 33,635 | 1,813,599 | ||||||
T. Rowe Price Group, Inc. | 34,905 | 2,530,612 | ||||||
Chemicals - 4.0% | ||||||||
Airgas, Inc. | 28,556 | 2,759,937 | ||||||
Albemarle Corp. | 45,486 | 2,786,018 | ||||||
Sherwin-Williams Co. | 8,062 | 1,476,233 | ||||||
Sigma-Aldrich Corp. (B) | 29,820 | 2,346,536 | ||||||
Commercial Banks - 6.0% | ||||||||
City National Corp. (B) | 28,880 | 1,652,803 | ||||||
Cullen/Frost Bankers, Inc. (B) | 18,780 | 1,134,500 | ||||||
Fifth Third Bancorp | 190,206 | 3,239,208 | ||||||
First Republic Bank - Class A | 25,285 | 960,324 | ||||||
Huntington Bancshares, Inc. - Class A | 133,190 | 954,972 | ||||||
M&T Bank Corp. | 26,510 | 2,656,302 | ||||||
SunTrust Banks, Inc. | 78,439 | 2,294,341 | ||||||
Zions Bancorporation (B) | 53,760 | 1,323,571 | ||||||
Commercial Services & Supplies - 0.3% | ||||||||
Republic Services, Inc. - Class A | 24,427 | 832,472 | ||||||
Containers & Packaging - 3.6% | ||||||||
Ball Corp. | 87,216 | 3,847,970 | ||||||
Rock-Tenn Co. - Class A | 22,068 | 2,209,889 | ||||||
Silgan Holdings, Inc. | 51,300 | 2,455,731 | ||||||
Distributors - 1.1% | ||||||||
Genuine Parts Co. | 32,614 | 2,489,427 | ||||||
Electric Utilities - 2.9% | ||||||||
NV Energy, Inc. | 104,873 | 2,268,403 | ||||||
Westar Energy, Inc. (B) | 65,291 | 2,282,573 | ||||||
Xcel Energy, Inc. | 71,921 | 2,286,369 | ||||||
Electrical Equipment - 2.4% | ||||||||
AMETEK, Inc. - Class A | 58,350 | 2,375,429 | ||||||
Hubbell, Inc. - Class B | 6,454 | 619,326 | ||||||
Regal Beloit Corp. | 34,620 | 2,721,824 | ||||||
Electronic Equipment & Instruments - 2.5% | ||||||||
Amphenol Corp. - Class A | 42,370 | 3,199,782 | ||||||
Arrow Electronics, Inc. (A) | 70,165 | 2,752,573 | ||||||
Food Products - 1.4% | ||||||||
Hershey Co. | 26,120 | 2,328,859 | ||||||
JM Smucker Co. | 8,725 | 900,682 | ||||||
Gas Utilities - 1.5% | ||||||||
EQT Corp. | 33,110 | 2,487,223 | ||||||
Questar Corp. | 37,750 | 958,473 | ||||||
Health Care Equipment & Supplies - 0.6% | ||||||||
CareFusion Corp. - Class A (A) | 45,033 | 1,505,904 | ||||||
Health Care Providers & Services - 3.6% | ||||||||
AmerisourceBergen Corp. - Class A | 39,738 | 2,150,621 | ||||||
CIGNA Corp. | 47,425 | 3,138,112 |
Shares | Value | |||||||
Health Care Providers & Services (continued) | ||||||||
Henry Schein, Inc. (A) (B) | 16,215 | $ 1,465,836 | ||||||
Humana, Inc. - Class A | 24,030 | 1,780,863 | ||||||
Hotels, Restaurants & Leisure - 2.5% | ||||||||
Darden Restaurants, Inc. | 28,635 | 1,478,425 | ||||||
Marriott International, Inc. - Class A | 57,507 | 2,476,251 | ||||||
Yum! Brands, Inc. | 28,363 | 1,932,088 | ||||||
Household Durables - 1.6% | ||||||||
Jarden Corp. (A) | 19,725 | 887,822 | ||||||
Mohawk Industries, Inc. (A) | 26,114 | 2,895,521 | ||||||
Household Products - 1.0% | ||||||||
Energizer Holdings, Inc. | 25,004 | 2,415,136 | ||||||
Industrial Conglomerates - 1.0% | ||||||||
Carlisle Cos., Inc. | 36,643 | 2,377,031 | ||||||
Insurance - 9.5% | ||||||||
Alleghany Corp. (A) | 5,946 | 2,341,178 | ||||||
Chubb Corp. - Class A | 24,166 | 2,128,300 | ||||||
Hartford Financial Services Group, Inc. | 59,840 | 1,680,905 | ||||||
Loews Corp. | 89,305 | 3,989,254 | ||||||
Marsh & McLennan Cos., Inc. | 95,185 | 3,617,982 | ||||||
Old Republic International Corp. | 121,650 | 1,642,275 | ||||||
OneBeacon Insurance Group, Ltd. - Class A | 34,005 | 462,128 | ||||||
Unum Group | 78,512 | 2,189,700 | ||||||
WR Berkley Corp. | 49,169 | 2,134,918 | ||||||
XL Group PLC - Class A | 72,938 | 2,271,289 | ||||||
Internet & Catalog Retail - 1.4% | ||||||||
Expedia, Inc. | 34,493 | 1,926,089 | ||||||
TripAdvisor, Inc. (A) | 25,310 | 1,330,800 | ||||||
IT Services - 1.3% | ||||||||
Jack Henry & Associates, Inc. | 67,180 | 3,117,152 | ||||||
Machinery - 2.5% | ||||||||
IDEX Corp. | 45,788 | 2,382,350 | ||||||
Rexnord Corp. (A) | 57,771 | 1,052,587 | ||||||
Snap-on, Inc. | 28,594 | 2,464,803 | ||||||
Media - 2.6% | ||||||||
Cablevision Systems Corp. - Class A (B) | 29,389 | 436,721 | ||||||
CBS Corp. - Class B | 42,528 | 1,946,932 | ||||||
Clear Channel Outdoor Holdings, Inc. - Class A (A) | 60,893 | 440,256 | ||||||
DISH Network Corp. - Class A | 66,545 | 2,607,899 | ||||||
Gannett Co., Inc. (B) | 34,608 | 697,697 | ||||||
Multi-Utilities - 5.5% | ||||||||
CenterPoint Energy, Inc. | 96,786 | 2,388,679 | ||||||
CMS Energy Corp. | 88,531 | 2,650,618 | ||||||
NiSource, Inc. - Class B | 98,174 | 3,016,887 | ||||||
Sempra Energy | 32,259 | 2,672,658 | ||||||
Wisconsin Energy Corp. | 50,966 | 2,290,412 | ||||||
Multiline Retail - 2.7% | ||||||||
Family Dollar Stores, Inc. | 46,618 | 2,860,947 | ||||||
Kohl’s Corp. (B) | 73,406 | 3,454,486 | ||||||
Oil, Gas & Consumable Fuels - 5.7% | ||||||||
Devon Energy Corp. - Class A | 36,630 | 2,016,848 | ||||||
Energen Corp. | 75,444 | 3,577,554 | ||||||
Marathon Petroleum Corp. | 36,274 | 2,842,431 | ||||||
PBF Energy, Inc. - Class A | 35,134 | 1,069,830 | ||||||
QEP Resources, Inc. | 56,090 | 1,610,344 | ||||||
Williams Cos., Inc. | 59,239 | 2,258,783 | ||||||
Professional Services - 1.1% | ||||||||
Equifax, Inc. | 41,393 | 2,533,252 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 71
Transamerica Mid Cap Value
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Shares | Value | |||||||
Real Estate Investment Trusts - 3.2% | ||||||||
Annaly Capital Management, Inc. | 105,329 | $ 1,678,944 | ||||||
HCP, Inc. | 36,295 | 1,934,524 | ||||||
Regency Centers Corp. | 34,685 | 1,951,378 | ||||||
Vornado Realty Trust - Class A | 21,556 | 1,887,443 | ||||||
Real Estate Management & Development - 0.7% |
| |||||||
Brookfield Office Properties, Inc. (B) | 94,005 | 1,730,632 | ||||||
Semiconductors & Semiconductor Equipment - 2.6% |
| |||||||
Analog Devices, Inc. - Class A | 76,699 | 3,373,989 | ||||||
Xilinx, Inc. | 73,575 | 2,789,228 | ||||||
Software - 1.0% | ||||||||
Synopsys, Inc. (A) | 63,876 | 2,272,069 | ||||||
Specialty Retail - 8.0% | ||||||||
AutoZone, Inc. (A) | 8,719 | 3,566,856 | ||||||
Bed Bath & Beyond, Inc. (A) | 46,063 | 3,169,134 | ||||||
Gap, Inc. - Class A | 79,392 | 3,016,102 | ||||||
PetSmart, Inc. - Class A | 29,218 | 1,993,836 | ||||||
Tiffany & Co. (B) | 22,176 | 1,633,928 | ||||||
TJX Cos., Inc. | 51,284 | 2,501,121 | ||||||
Williams-Sonoma, Inc. - Class A (B) | 54,274 | 2,913,428 | ||||||
Textiles, Apparel & Luxury Goods - 1.8% |
| |||||||
PVH Corp. | 20,014 | 2,309,816 | ||||||
V.F. Corp. | 10,365 | 1,847,250 | ||||||
Thrifts & Mortgage Finance - 0.9% | ||||||||
Capitol Federal Financial, Inc. | 38,624 | 457,308 | ||||||
People’s United Financial, Inc. (B) | 130,600 | 1,718,696 | ||||||
Trading Companies & Distributors - 1.1% |
| |||||||
MSC Industrial Direct Co., Inc. - Class A | 33,017 | 2,601,740 |
Shares | Value | |||||||
Wireless Telecommunication Services - 0.3% |
| |||||||
Telephone & Data Systems, Inc. | 30,400 | $ 682,176 | ||||||
|
| |||||||
Total Common Stocks (cost $157,644,883) |
| 228,295,024 | ||||||
|
| |||||||
SECURITIES LENDING COLLATERAL - 8.1% |
| |||||||
State Street Navigator Securities Lending Trust - Prime Portfolio, | 19,171,213 | 19,171,213 | ||||||
|
| |||||||
Total Securities Lending Collateral |
| 19,171,213 | ||||||
|
| |||||||
Principal | Value | |||||||
REPURCHASE AGREEMENT - 3.7% | ||||||||
State Street Bank & Trust Co. | $ 8,763,894 | 8,763,894 | ||||||
|
| |||||||
Total Repurchase Agreement (cost $8,763,894) |
| 8,763,894 | ||||||
|
| |||||||
Total Investment Securities (cost $185,579,990) (D) |
| 256,230,131 | ||||||
Other Assets and Liabilities - Net | (20,020,359 | ) | ||||||
|
| |||||||
Net Assets | $ 236,209,772 | |||||||
|
|
NOTES TO SCHEDULE OF INVESTMENTS:
(A) | Non-income producing security. |
(B) | All or a portion of this security is on loan. The value of all securities on loan is $18,699,742. The amount of securities on loan indicated may not correspond with the securities on loan identified because securities with pending sales are in the process of recall from the brokers. |
(C) | Rate shown reflects the yield at April 30, 2013. |
(D) | Aggregate cost for federal income tax purposes is $185,579,990. Aggregate gross unrealized appreciation and depreciation for all securities in which there is an excess of value over tax cost were $71,289,958 and $639,817, respectively. Net unrealized appreciation for tax purposes is $70,650,141. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 72
Transamerica Mid Cap Value
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
VALUATION SUMMARY: (E)
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
ASSETS | ||||||||||||||||
Investment Securities | ||||||||||||||||
Common Stocks | $ | 228,295,024 | $ | — | $ | — | $ | 228,295,024 | ||||||||
Securities Lending Collateral | 19,171,213 | — | — | 19,171,213 | ||||||||||||
Repurchase Agreement | — | 8,763,894 | — | 8,763,894 | ||||||||||||
Total Investment Securities | $ | 247,466,237 | $ | 8,763,894 | $ | — | $ | 256,230,131 | ||||||||
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
LIABILITIES | ||||||||||||||||
Other Liabilities (F) | ||||||||||||||||
Collateral for Securities on Loan | $ | — | $ | (19,171,213 | ) | $ | — | $ | (19,171,213 | ) | ||||||
Total Other Liabilities | $ | — | $ | (19,171,213 | ) | $ | — | $ | (19,171,213 | ) |
(E) | Transfers between levels are considered to have occurred at the end of the reporting period. There were no transfers between Levels 1 and 2 during the period ended April 30, 2013. See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
(F) | Certain assets and liabilities are held at carrying amount or face value, which approximates fair value for financial reporting purposes. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 73
Transamerica Real Return TIPS
SCHEDULE OF INVESTMENTS
At April 30, 2013
(unaudited)
Principal | Value | |||||||
U.S. GOVERNMENT OBLIGATIONS - 107.3% |
| |||||||
U.S. Treasury Inflation Indexed Bond | ||||||||
0.63%, 02/15/2043 | $ 9,489,582 | $ 9,918,834 | ||||||
1.75%, 01/15/2028 | 14,513,621 | 18,747,520 | ||||||
2.00%, 01/15/2026 | 19,646,256 | 25,791,840 | ||||||
2.13%, 02/15/2040 | 1,503,404 | 2,186,865 | ||||||
2.38%, 01/15/2025 | 17,915,997 | 24,101,208 | ||||||
2.38%, 01/15/2027 (A) | 14,145,052 | 19,510,228 | ||||||
2.50%, 01/15/2029 (A) (B) | 14,356,477 | 20,383,957 | ||||||
3.38%, 04/15/2032 | 392,286 | 642,675 | ||||||
3.63%, 04/15/2028 (A) (C) | 36,813,671 | 58,297,909 | ||||||
3.88%, 04/15/2029 (A) (B) (C) (J) | 23,070,119 | 38,062,098 | ||||||
U.S. Treasury Inflation Indexed Note | ||||||||
0.13%, 04/15/2016 - | 43,581,949 | 46,741,685 | ||||||
0.13%, 04/15/2017 (A) (E) | 9,197,010 | 9,791,946 | ||||||
0.13%, 01/15/2022 - 01/15/2023 (A) | 29,187,440 | 31,693,208 | ||||||
0.50%, 04/15/2015 | 3,855,672 | 3,993,632 | ||||||
0.63%, 07/15/2021 (A) (D) | 41,870,237 | 47,817,108 | ||||||
1.13%, 01/15/2021 (C) | 15,968,502 | 18,760,498 | ||||||
1.25%, 07/15/2020 (A) | 55,612,314 | 66,043,961 | ||||||
1.38%, 07/15/2018 (E) | 1,613,987 | 1,869,704 | ||||||
1.38%, 01/15/2020 | 25,330,588 | 29,957,372 | ||||||
1.63%, 01/15/2015 | 20,542,795 | 21,581,172 | ||||||
1.63%, 01/15/2018 (A) (E) | 12,076,219 | 13,907,469 | ||||||
1.88%, 07/15/2013 (D) | 26,791,076 | 26,931,300 | ||||||
1.88%, 07/15/2015 (C) | 22,194,822 | 23,986,011 | ||||||
1.88%, 07/15/2019 | 15,001,152 | 18,204,138 | ||||||
2.00%, 01/15/2014 | 12,561,400 | 12,809,688 | ||||||
2.00%, 07/15/2014 - 01/15/2016 (A) | 49,163,220 | 53,140,330 | ||||||
2.13%, 01/15/2019 | 2,075,635 | 2,507,303 | ||||||
2.38%, 01/15/2017 | 230,188 | 264,662 | ||||||
2.63%, 07/15/2017 (A) (D) | 4,031,568 | 4,783,391 | ||||||
U.S. Treasury Note | 3,100,000 | 3,190,579 | ||||||
|
| |||||||
Total U.S. Government Obligations (cost $615,180,424) |
| 655,618,291 | ||||||
|
| |||||||
U.S. GOVERNMENT AGENCY OBLIGATIONS - 0.5% |
| |||||||
Fannie Mae | ||||||||
0.35%, 08/25/2034 (F) | 94,422 | 92,635 | ||||||
0.88%, 02/25/2041 (F) | 1,907,526 | 1,917,920 | ||||||
1.38%, 10/01/2044 (F) | 32,254 | 33,322 | ||||||
Freddie Mac 0.43%, 02/15/2019 (F) | 665,163 | 665,912 | ||||||
|
| |||||||
Total U.S. Government Agency Obligations (cost $2,709,443) |
| 2,709,789 | ||||||
|
| |||||||
FOREIGN GOVERNMENT OBLIGATIONS - 6.4% |
| |||||||
Bundesrepublik Deutschland Bundesobligation Inflation | EUR 1,679,040 | 2,400,271 | ||||||
Canadian Government Bond | ||||||||
1.50%, 12/01/2044 | CAD 1,750,667 | 2,280,063 | ||||||
4.25%, 12/01/2021 | 1,033,466 | 1,445,775 | ||||||
Denmark I/L Government Bond 0.10%, 11/15/2023 | DKK 14,417,900 | 2,660,681 | ||||||
Italy Buoni Poliennali del Tesoro | ||||||||
1.70%, 09/15/2018 | EUR 597,714 | 785,680 | ||||||
2.10%, 09/15/2016 | 8,808,415 | 12,002,775 |
Principal | Value | |||||||
FOREIGN GOVERNMENT OBLIGATIONS (continued) |
| |||||||
Mexican Bonos de Proteccion al Ahorro | MXN 5,900,000 | $ 480,939 | ||||||
New South Wales Treasury Corp. | ||||||||
2.50%, 11/20/2035 | AUD 1,100,000 | 1,452,353 | ||||||
2.75%, 11/20/2025 | 6,300,000 | 8,745,945 | ||||||
U.K. Gilt Inflation Linked | ||||||||
0.13%, 03/22/2044 - Reg S | GBP 204,222 | 353,614 | ||||||
0.38%, 03/22/2062 - Reg S | 105,021 | 215,003 | ||||||
2.50%, 07/26/2016 - Reg S | 1,200,000 | 6,529,997 | ||||||
|
| |||||||
Total Foreign Government Obligations |
| 39,353,096 | ||||||
|
| |||||||
MORTGAGE-BACKED SECURITIES - 3.1% |
| |||||||
Arran Residential Mortgages Funding PLC | EUR 540,385 | 712,005 | ||||||
Banc of America Merrill Lynch Commercial Mortgage, Inc. | ||||||||
Series 2007-3, Class A2 | ||||||||
5.80%, 06/10/2049 (F) | $ 14,142 | 14,174 | ||||||
Series 2007-3, Class A2FL | ||||||||
0.37%, 06/10/2049 - 144A (F) | 14,142 | 14,135 | ||||||
Series 2007-5, Class A4 | ||||||||
5.49%, 02/10/2051 | 530,000 | 610,838 | ||||||
Banc of America Mortgage Securities, | 21,075 | 21,738 | ||||||
Bear Stearns Adjustable Rate Mortgage Trust | ||||||||
Series 2005-2, Class A1 | ||||||||
2.60%, 03/25/2035 (F) | 473,640 | 476,503 | ||||||
Series 2005-2, Class A2 | ||||||||
2.79%, 03/25/2035 (F) | 133,098 | 133,990 | ||||||
Series 2005-5, Class A1 | ||||||||
2.24%, 08/25/2035 (F) | 146,394 | 147,017 | ||||||
Series 2005-5, Class A2 | ||||||||
2.32%, 08/25/2035 (F) | 268,834 | 272,692 | ||||||
Citigroup Mortgage Loan Trust, Inc. | ||||||||
Series 2005-11, Class A1A | ||||||||
2.54%, 05/25/2035 (F) | 24,937 | 24,413 | ||||||
Series 2005-6, Class A1 | ||||||||
2.24%, 09/25/2035 (F) | 192,817 | 191,015 | ||||||
Series 2005-6, Class A2 | ||||||||
2.29%, 09/25/2035 (F) | 231,940 | 228,037 | ||||||
Series 2005-6, Class A3 | ||||||||
1.94%, 09/25/2035 (F) | 30,354 | 30,180 | ||||||
Citigroup/Deutsche Bank Commercial Mortgage Trust | 396,573 | 463,578 | ||||||
Countrywide Home Loan Mortgage Pass-Through Trust | 879,765 | 728,493 | ||||||
DBUBS Mortgage Trust | 6,700,000 | 7,178,353 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 74
Transamerica Real Return TIPS
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Principal | Value | |||||||
MORTGAGE-BACKED SECURITIES (continued) |
| |||||||
Greenpoint Mortgage Funding Trust Series 2005-AR1, Class A2 | $ 346,523 | $ 298,694 | ||||||
GSR Mortgage Loan Trust | 525,188 | 539,999 | ||||||
LB-UBS Commercial Mortgage Trust Series 2007-C7, Class A3 | 192,570 | 222,279 | ||||||
MASTR Alternative Loan Trust | 596,486 | 131,976 | ||||||
Merrill Lynch/Countrywide Commercial Mortgage Trust | 300,000 | 347,954 | ||||||
Morgan Stanley Capital I Trust | 1,200,000 | 1,398,526 | ||||||
Morgan Stanley Mortgage Loan Trust Series 2006-12XS, Class A6A | 392,247 | 233,702 | ||||||
Permanent Master Issuer PLC | EUR 400,000 | 530,433 | ||||||
RALI Trust | $930,489 | 456,054 | ||||||
Reperforming Loan REMIC Trust | 162,231 | 145,912 | ||||||
Sequoia Mortgage Trust | 65,773 | 65,518 | ||||||
Structured Asset Mortgage Investments, Inc. | 821,537 | 526,740 | ||||||
Wachovia Bank Commercial Mortgage Trust | 400,000 | 451,713 | ||||||
WaMu Mortgage Pass-Through Certificates | 525,375 | 536,194 | ||||||
Wells Fargo Mortgage Backed Securities Trust | 1,544,425 | 1,455,427 | ||||||
|
| |||||||
Total Mortgage-Backed Securities (cost $17,704,437) |
| 18,588,282 | ||||||
|
| |||||||
ASSET-BACKED SECURITIES - 0.7% |
| |||||||
Ares VIR CLO, Ltd. | 618,934 | 616,192 |
Principal | Value | |||||||
ASSET-BACKED SECURITIES (continued) |
| |||||||
Countrywide Asset-Backed Certificates Series 2005-13, Class 3AV3 | $ 170,757 | $ 165,828 | ||||||
CSAB Mortgage Backed Trust | 1,111,010 | 794,808 | ||||||
Duane Street CLO I, Ltd. | 170,449 | 170,153 | ||||||
Equity One, Inc. | 45,573 | 38,487 | ||||||
Harvest CLO SA | EUR 76,195 | 99,368 | ||||||
Magi Funding PLC | 482,264 | 612,626 | ||||||
Saxon Asset Securities Trust | $ 383,228 | 388,807 | ||||||
SLM Student Loan Trust | 312,646 | 312,029 | ||||||
Structured Asset Securities Corp. Series 2007-BC3, Class 2A2 | 900,000 | 823,369 | ||||||
Wood Street CLO BV | EUR 188,700 | 243,252 | ||||||
|
| |||||||
Total Asset-Backed Securities (cost $4,146,279) |
| 4,264,919 | ||||||
|
| |||||||
MUNICIPAL GOVERNMENT OBLIGATIONS - 0.1% |
| |||||||
Tobacco Settlement Finance Authority Series A | $ 660,000 | 574,695 | ||||||
Tobacco Settlement Financing Corp. Series A | 230,000 | 233,086 | ||||||
|
| |||||||
Total Municipal Government Obligations (cost $838,520) |
| 807,781 | ||||||
|
| |||||||
CORPORATE DEBT SECURITIES - 6.6% |
| |||||||
Capital Markets - 1.4% | ||||||||
Morgan Stanley, | 8,800,000 | 8,806,477 | ||||||
Commercial Banks - 2.8% | ||||||||
Banco Bradesco SA | 4,600,000 | 4,648,166 | ||||||
BBVA Bancomer SA | 1,900,000 | 2,166,000 | ||||||
CIT Group, Inc. | 1,000,000 | 1,036,250 | ||||||
Dexia Credit Local | 3,500,000 | 3,500,000 | ||||||
ICICI Bank, Ltd. | 600,000 | 601,468 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 75
Transamerica Real Return TIPS
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Principal | Value | |||||||
Commercial Banks (continued) |
| |||||||
Intesa Sanpaolo SpA | $ 700,000 | $ 699,746 | ||||||
Societe Generale SA | 3,800,000 | 3,819,540 | ||||||
Turkiye Garanti Bankasi AS | 500,000 | 505,000 | ||||||
Consumer Finance - 0.1% | ||||||||
Ally Financial, Inc. | ||||||||
3.49%, 02/11/2014 (E) (F) | 100,000 | 100,854 | ||||||
3.68%, 06/20/2014 (F) | 200,000 | 203,994 | ||||||
SLM Corp., | 300,000 | 313,963 | ||||||
Diversified Financial Services - 1.2% | ||||||||
Credit Agricole Home Loan SFH | 3,400,000 | 3,407,405 | ||||||
Ford Motor Credit Co., LLC | 3,600,000 | 3,828,410 | ||||||
Insurance - 0.2% | ||||||||
Marsh & McLennan Cos., Inc. | 1,093,000 | 1,212,726 | ||||||
Oil, Gas & Consumable Fuels - 0.7% | ||||||||
Gazprom OAO Via GAZ Capital SA | 500,000 | 537,330 | ||||||
Petrobras International Finance Co. | 3,700,000 | 3,885,773 | ||||||
Trading Companies & Distributors - 0.2% |
| |||||||
International Lease Finance Corp. | ||||||||
6.50%, 09/01/2014 - 144A | 600,000 | 642,000 | ||||||
6.75%, 09/01/2016 - 144A | 500,000 | 568,750 | ||||||
|
| |||||||
Total Corporate Debt Securities (cost $39,302,935) |
| 40,483,852 | ||||||
|
| |||||||
SHORT-TERM U.S. GOVERNMENT OBLIGATION - 0.1% |
| |||||||
U.S. Treasury Bill | 550,000 | 549,505 | ||||||
|
| |||||||
Total Short-Term U.S. Government Obligation (cost $549,505) |
| 549,505 | ||||||
|
| |||||||
Notional Amount | Value | |||||||
PURCHASED FOREIGN EXCHANGE OPTIONS - 0.0% (K) |
| |||||||
Call Options - 0.0% (K) | ||||||||
OTC- USD vs. JPY (H) | 1,900,000 | 41,418 | ||||||
OTC- USD vs. JPY (H) | 2,300,000 | 50,138 | ||||||
|
| |||||||
Total Purchased Foreign Exchange Options |
| 91,556 | ||||||
|
|
Notional Amount | Value | |||||||
PURCHASED SWAPTION - 0.0% (K) |
| |||||||
Put Option - 0.0% (K) | ||||||||
OTC- If exercised the Series receives floating 3 Month LIBOR, and pays 3.875%, European Style | $ 5,000,000 | $ 54,884 | ||||||
|
| |||||||
Total Purchased Swaption (cost $254,250) |
| 54,884 | ||||||
|
| |||||||
Shares | Value | |||||||
SECURITIES LENDING COLLATERAL - 4.9% |
| |||||||
State Street Navigator Securities Lending Trust - Prime Portfolio, 0.18% (I) | 30,141,086 | 30,141,086 | ||||||
|
| |||||||
Total Securities Lending Collateral (cost $30,141,086) |
| 30,141,086 | ||||||
|
| |||||||
Principal | Value | |||||||
REPURCHASE AGREEMENT - 0.1% |
| |||||||
State Street Bank & Trust Co. | $ 320,265 | 320,265 | ||||||
|
| |||||||
Total Repurchase Agreement (cost $320,265) |
| 320,265 | ||||||
|
| |||||||
Total Investment Securities (cost $748,640,965) (L) |
| 792,983,306 | ||||||
Other Assets and Liabilities - Net | (182,188,331 | ) | ||||||
|
| |||||||
Net Assets | $ 610,794,975 | |||||||
|
| |||||||
Principal | Value | |||||||
REVERSE REPURCHASE AGREEMENTS - (5.3%) (M) |
| |||||||
BNP Paribas 0.20% (I), dated 02/11/2013, to be repurchased at $(27,056,479) on 07/29/2013. | $ (27,031,250 | ) | $ (27,031,250 | ) | ||||
BNP Paribas 0.20% (I), dated 02/04/2013, to be repurchased at $(2,685,406) on 08/19/2013. | (2,682,500 | ) | (2,682,500 | ) | ||||
JPMorgan Chase & Co. 0.17% | (2,688,125 | ) | (2,688,125 | ) | ||||
|
| |||||||
Total Reverse Repurchase Agreements (cost $(32,401,875)) |
| $ (32,401,875 | ) | |||||
|
| |||||||
Notional Amount | Value | |||||||
WRITTEN OPTIONS - (0.0%) (N)(K) |
| |||||||
Call Options - (0.0%) (K) | ||||||||
OTC- USD vs. BRL (H) | $ 1,900,000 | $ (16,500 | ) |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 76
Transamerica Real Return TIPS
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Notional Amount | Value | |||||||
Call Options (continued) | ||||||||
OTC- USD vs. JPY (H) | $ 2,300,000 | $ (19,973 | ) | |||||
Put Options - (0.0%) (K) | ||||||||
OTC- USD vs. JPY (H) | 2,300,000 | (7,682 | ) |
Notional Amount | Value | |||||||
Put Options (continued) | ||||||||
OTC- USD vs. JPY (H) | $ 1,900,000 | $ (6,762 | ) | |||||
OTC- USD vs. JPY (H) | 1,900,000 | (17,885 | ) | |||||
OTC- USD vs. JPY (H) | 1,800,000 | (16,943 | ) | |||||
|
| |||||||
Total Written Options (premiums $(104,255)) |
| $ (85,745 | ) | |||||
|
|
WRITTEN INFLATION FLOOR OPTIONS: (N) (U) | ||||||||||||||||||||||||||
Description | Counterparty | Strike Index | Exercise Index | Expiration Date | Notional Amount | Premiums (Received) | Value | |||||||||||||||||||
Floor- OTC CPURNSA Index | DUB | 0.00 | Maximum of ((1+0.000%)10- Inflation Agreement or 0 | 01/22/2018 | $ | 1,000,000 | $ | (9,700 | ) | $ | (2,988 | ) | ||||||||||||||
Floor- OTC CPURNSA Index | DUB | 215.95 | Maximum of ((1+0.000%)10- Inflation Agreement or 0 | 03/10/2020 | 1,800,000 | (13,500 | ) | (3,198 | ) | |||||||||||||||||
Floor- OTC CPURNSA Index | CITI | 216.69 | Maximum of ((1+0.000%)10- Inflation Adjustment or 0 | 04/07/2020 | 14,200,000 | (126,880 | ) | (23,069 | ) | |||||||||||||||||
Floor- OTC CPURNSA Index | CITI | 217.97 | Maximum of ((1+0.000%)10- Inflation Adjustment or 0 | 09/29/2020 | 1,700,000 | (21,930 | ) | (1,435 | ) | |||||||||||||||||
|
|
|
| |||||||||||||||||||||||
$ | (172,010 | ) | $ | (30,690 | ) | |||||||||||||||||||||
|
|
|
|
WRITTEN SWAPTIONS: (N) (U) | ||||||||||||||||||||||||||
Description | Counterparty | Floating Rate Index | Pay/Receive Floating Rate | Exercise Rate | Expiration Date | Notional Amount | Premiums (Received) | Value | ||||||||||||||||||
Call- OTC 10-Year Interest Rate Swap | RBS | 3-Month USD LIBOR BBA | Receive | 1.80 | % | 07/29/2013 | $ 2,000,000 | $ (7,218 | ) | $ (10,695 | ) | |||||||||||||||
Call- OTC 10-Year Interest Rate Swap | MSC | 3-Month USD LIBOR BBA | Receive | 1.80 | 07/29/2013 | 5,700,000 | (26,695 | ) | (30,479 | ) | ||||||||||||||||
Call- OTC 10-Year Interest Rate Swap | BCLY | 3-Month USD LIBOR BBA | Receive | 1.80 | 07/29/2013 | 3,900,000 | (17,580 | ) | (20,854 | ) | ||||||||||||||||
Call- OTC 10-Year Interest Rate Swap | GSC | 3-Month USD LIBOR BBA | Receive | 1.80 | 07/29/2013 | 5,300,000 | (26,580 | ) | (28,341 | ) | ||||||||||||||||
Call- OTC 10-Year Interest Rate Swap | BOA | 3-Month USD LIBOR BBA | Receive | 1.80 | 07/29/2013 | 3,600,000 | (12,400 | ) | (19,250 | ) | ||||||||||||||||
Call- OTC 2-Year Interest Rate Swap | BOA | 3-Month USD LIBOR BBA | Receive | 1.60 | 07/02/2013 | 3,400,000 | (11,730 | ) | (11,263 | ) | ||||||||||||||||
Call- OTC 2-Year Interest Rate Swap | GSC | 3-Month USD LIBOR BBA | Receive | 1.60 | 07/02/2013 | 13,700,000 | (24,660 | ) | (45,382 | ) | ||||||||||||||||
Call- OTC 5-Year Interest Rate Swap | BOA | 3-Month USD LIBOR BBA | Receive | 0.75 | 09/03/2013 | 1,200,000 | (840 | ) | (1,243 | ) | ||||||||||||||||
Call- OTC 5-Year Interest Rate Swap | DUB | 3-Month USD LIBOR BBA | Receive | 0.75 | 09/03/2013 | 1,000,000 | (700 | ) | (1,044 | ) | ||||||||||||||||
Call- OTC 5-Year Interest Rate Swap | MSC | 3-Month USD LIBOR BBA | Receive | 0.75 | % | 09/03/2013 | 6,200,000 | (3,482 | ) | (6,473 | ) |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 77
Transamerica Real Return TIPS
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
WRITTEN SWAPTIONS: (N) (U) | ||||||||||||||||||||||||||
Description | Counterparty | Floating Rate Index | Pay/Receive Floating Rate | Exercise Rate | Expiration Date | Notional Amount | Premiums (Received) | Value | ||||||||||||||||||
Put- OTC 10-Year Interest Rate Swap | RBS | 3-Month USD LIBOR BBA | Pay | 2.65 | 07/29/2013 | 2,000,000 | (10,615 | ) | (418 | ) | ||||||||||||||||
Put- OTC 10-Year Interest Rate Swap | MSC | 3-Month USD LIBOR BBA | Pay | 2.65 | 07/29/2013 | 5,700,000 | (41,795 | ) | (1,191 | ) | ||||||||||||||||
Put- OTC 10-Year Interest Rate Swap | BCLY | 3-Month USD LIBOR BBA | Pay | 2.65 | 07/29/2013 | 3,900,000 | (28,250 | ) | (815 | ) | ||||||||||||||||
Put- OTC 10-Year Interest Rate Swap | GSC | 3-Month USD LIBOR BBA | Pay | 2.65 | 07/29/2013 | 5,300,000 | (22,710 | ) | (1,108 | ) | ||||||||||||||||
Put- OTC 10-Year Interest Rate Swap | BOA | 3-Month USD LIBOR BBA | Pay | 2.65 | 07/29/2013 | 3,600,000 | (25,120 | ) | (752 | ) | ||||||||||||||||
Put- OTC 2-Year Interest Rate Swap | BOA | 3-Month USD LIBOR BBA | Pay | 1.60 | 07/02/2013 | 3,400,000 | (11,730 | ) | (6,838 | ) | ||||||||||||||||
Put- OTC 2-Year Interest Rate Swap | GSC | 3-Month USD LIBOR BBA | Pay | 1.60 | 07/02/2013 | 13,700,000 | (68,500 | ) | (27,553 | ) | ||||||||||||||||
Put- OTC 2-Year Interest Rate Swap | HSBC | 6-Month EUR EURIBOR Reuters | Pay | 1.15 | 07/24/2013 | EUR 3,400,000 | (5,957 | ) | (16 | ) | ||||||||||||||||
Put- OTC 2-Year Interest Rate Swap | BOA | 6-Month EUR EURIBOR Reuters | Pay | 1.15 | 07/24/2013 | 8,300,000 | (17,181 | ) | (38 | ) | ||||||||||||||||
Put- OTC 2-Year Interest Rate Swap | BCLY | 6-Month EUR EURIBOR Reuters | Pay | 1.15 | 07/24/2013 | 2,800,000 | (4,794 | ) | (13 | ) | ||||||||||||||||
Put- OTC 5-Year Interest Rate Swap | BOA | 3-Month USD LIBOR BBA | Pay | 1.25 | 09/03/2013 | $ 1,200,000 | (3,000 | ) | (1,565 | ) | ||||||||||||||||
Put- OTC 5-Year Interest Rate Swap | DUB | 3-Month USD LIBOR BBA | Pay | 1.25 | 09/03/2013 | 1,000,000 | (2,700 | ) | (1,315 | ) | ||||||||||||||||
Put- OTC 5-Year Interest Rate Swap | MSC | 3-Month USD LIBOR BBA | Pay | 1.25 | 09/03/2013 | 6,200,000 | (15,615 | ) | (8,154 | ) | ||||||||||||||||
Put- OTC 5-Year Interest Rate Swap | BOA | 3-Month USD LIBOR BBA | Pay | 1.40 | 09/03/2013 | 3,700,000 | (9,647 | ) | (11,355 | ) | ||||||||||||||||
Put- OTC 5-Year Interest Rate Swap | DUB | 3-Month USD LIBOR BBA | Pay | 1.40 | 09/03/2013 | 2,800,000 | (9,340 | ) | (1,663 | ) | ||||||||||||||||
Put- OTC 5-Year Interest Rate Swap | DUB | 3-Month USD LIBOR BBA | Pay | 2.85 | 04/14/2014 | 21,200,000 | (254,400 | ) | (10,999 | ) | ||||||||||||||||
Put- OTC 5-Year Interest Rate Swap | BOA | 6-Month EUR EURIBOR Reuters | Pay | 1.50 | 06/03/2013 | EUR 5,800,000 | (25,379 | ) | (2 | ) | ||||||||||||||||
Put- OTC 5-Year Interest Rate Swap | DUB | 6-Month EUR EURIBOR Reuters | Pay | 1.70 | 07/24/2013 | 4,700,000 | (24,737 | ) | (92 | ) | ||||||||||||||||
Put- OTC 5-Year Interest Rate Swap | BCLY | 6-Month EUR EURIBOR Reuters | Pay | 1.70 | 07/24/2013 | 4,600,000 | (23,157 | ) | (90 | ) | ||||||||||||||||
Put- OTC 5-Year Interest Rate Swap | RBS | 6-Month EUR EURIBOR Reuters | Pay | 1.70 | 07/24/2013 | 500,000 | (2,951 | ) | (10 | ) | ||||||||||||||||
Put- OTC 5-Year Interest Rate Swap | CITI | 6-Month EUR EURIBOR Reuters | Pay | 1.70 | 07/24/2013 | 1,300,000 | (5,876 | ) | (25 | ) | ||||||||||||||||
|
|
|
| |||||||||||||||||||||||
$ (745,339 | ) | $ (249,036 | ) | |||||||||||||||||||||||
|
|
|
|
CENTRALLY CLEARED SWAP AGREEMENTS: (O)
INTEREST RATE SWAP AGREEMENTS - FIXED RATE PAYABLE: | ||||||||||||||||||||||
Floating Rate Index | Fixed Rate | Maturity Date | Currency Code | Notional Amount | Market Value | Premiums Paid | Unrealized (Depreciation) | |||||||||||||||
3-Month USD-LIBOR | 2.75% | 06/19/2043 | USD | 23,100,000 | $ | 406,627 | $ | 1,372,656 | $ | (966,029 | ) |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 78
Transamerica Real Return TIPS
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
OVER THE COUNTER SWAP AGREEMENTS: (N) (U)
CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - BUY PROTECTION: (P) | ||||||||||||||||||||||||||||||||
Reference Obligation | Fixed Deal Pay Rate | Maturity Date | Counterparty | Implied Credit Spread (BP) at 04/30/13(R) | Notional Amount(Q) | Market Value(S) | Premiums Paid | Unrealized (Depreciation) | ||||||||||||||||||||||||
Marsh & McLennan Cos., Inc., 5.75%, 09/15/2015 | 0.76 | % | 09/20/2015 | BCLY | 26.00 | $ | 6,000,000 | $ | (74,045 | ) | $ | — | $ | (74,045 | ) | |||||||||||||||||
Societe Generale SA, | 1.00 | 06/20/2014 | BCLY | 49.00 | 3,800,000 | (21,678 | ) | 63,848 | (85,526 | ) | ||||||||||||||||||||||
|
|
|
|
|
| |||||||||||||||||||||||||||
$ | (95,723 | ) | $ | 63,848 | $ | (159,571 | ) | |||||||||||||||||||||||||
|
|
|
|
|
|
CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION: (T) | ||||||||||||||||||||||||||||||||
Reference Obligation | Fixed Deal Receive Rate | Maturity Date | Counterparty | Implied Credit Spread (BP) at 04/30/13(R) | Notional Amount(Q) | Market Value(S) | Premiums (Received) | Unrealized Appreciation (Depreciation) | ||||||||||||||||||||||||
American International Group, Inc., 6.25%, 05/01/2036 | 5.00 | % | 12/20/2013 | DUB | 13.00 | $ | 800,000 | $ | 29,285 | $ | (10,300 | ) | $ | 39,585 | ||||||||||||||||||
Federative Republic of Brazil, 12.25%, 03/06/2030 | 1.00 | 06/20/2020 | DUB | 134.00 | 2,500,000 | (58,361 | ) | (58,184 | ) | (177 | ) | |||||||||||||||||||||
|
|
|
|
|
| |||||||||||||||||||||||||||
$ | (29,076 | ) | $ | (68,484 | ) | $ | 39,408 | |||||||||||||||||||||||||
|
|
|
|
|
|
INTEREST RATE SWAP AGREEMENTS - FIXED RATE RECEIVABLE: | ||||||||||||||||||||||||||||||
Floating Rate Index | Fixed Rate | Maturity Date | Counterparty | Currency Code | Notional Amount | Market Value | Premiums Paid (Received) | Unrealized Appreciation (Depreciation) | ||||||||||||||||||||||
BRL-CDI | 8.15 | % | 01/02/2017 | UBS | BRL | 700,000 | $ | (4,878 | ) | $ | (626 | ) | $ | (4,252 | ) | |||||||||||||||
BRL-CDI | 8.26 | 01/02/2015 | GSC | BRL | 5,300,000 | 17,759 | 6,272 | 11,487 | ||||||||||||||||||||||
BRL-CDI | 8.26 | 01/02/2015 | UBS | BRL | 51,000,000 | 173,760 | 45,352 | 128,408 | ||||||||||||||||||||||
BRL-CDI | 8.27 | 01/02/2015 | MSC | BRL | 7,800,000 | 7,370 | (12,348 | ) | 19,718 | |||||||||||||||||||||
BRL-CDI | 8.49 | 01/02/2015 | DUB | BRL | 9,600,000 | 22,855 | (681 | ) | 23,536 | |||||||||||||||||||||
BRL-CDI | 8.56 | 01/02/2015 | UBS | BRL | 39,100,000 | 128,063 | 7,782 | 120,281 | ||||||||||||||||||||||
BRL-CDI | 8.83 | 01/02/2015 | HSBC | BRL | 46,000,000 | 423,832 | 183,032 | 240,800 | ||||||||||||||||||||||
France CPI Ex Tobacco | 1.90 | 07/25/2016 | BNP | EUR | 2,300,000 | 56,907 | 12,470 | 44,437 | ||||||||||||||||||||||
France CPI Ex Tobacco | 2.00 | 09/01/2016 | BNP | EUR | 3,500,000 | 95,065 | 4,160 | 90,905 | ||||||||||||||||||||||
France CPI ex Tobacco | 2.00 | 02/01/2018 | DUB | EUR | 200,000 | 4,498 | 134 | 4,364 | ||||||||||||||||||||||
France CPI ex Tobacco | 2.00 | 02/01/2018 | RBS | EUR | 400,000 | 8,996 | 414 | 8,582 | ||||||||||||||||||||||
France CPI ex Tobacco | 2.00 | 02/01/2018 | CITI | EUR | 300,000 | 6,747 | 93 | 6,654 | ||||||||||||||||||||||
France CPI ex Tobacco (H) | 2.00 | 02/01/2018 | MSC | EUR | 800,000 | 17,993 | 308 | 17,685 | ||||||||||||||||||||||
France CPI ex Tobacco | 2.10 | 07/25/2021 | BNP | EUR | 2,200,000 | 52,764 | (19,689 | ) | 72,453 | |||||||||||||||||||||
France CPI ex Tobacco | 2.10 | 07/25/2021 | RBS | EUR | 1,000,000 | 23,984 | (9,362 | ) | 33,346 | |||||||||||||||||||||
France CPI ex Tobacco | 2.15 | 04/01/2021 | GSC | EUR | 2,300,000 | 47,757 | 25,582 | 22,175 | ||||||||||||||||||||||
France CPI ex Tobacco (H) | 2.15 | 04/01/2021 | CITI | EUR | 400,000 | 8,306 | 6,243 | 2,063 | ||||||||||||||||||||||
France CPI ex Tobacco (H) | 2.15 | 04/01/2021 | DUB | EUR | 400,000 | 8,306 | 8,803 | (497 | ) | |||||||||||||||||||||
|
|
|
|
|
| |||||||||||||||||||||||||
$ | 1,100,084 | $ | 257,939 | $ | 842,145 | |||||||||||||||||||||||||
|
|
|
|
|
|
INTEREST RATE SWAP AGREEMENTS - FIXED RATE PAYABLE: | ||||||||||||||||||||||||||||||||
Floating Rate Index | Fixed Rate | Maturity Date | Counterparty | Currency Code | Notional Amount | Market Value | Premiums Paid | Unrealized (Depreciation) | ||||||||||||||||||||||||
U.S. CPI Urban Consumers NAS | 2.36 | % | 01/28/2017 | DUB | USD | 4,100,000 | $ | (45,256 | ) | $ | — | $ | (45,256 | ) | ||||||||||||||||||
U.S. CPI Urban Consumers NAS | 2.42 | 02/12/2017 | GSC | USD | 8,300,000 | (73,201 | ) | 4,286 | (77,487 | ) | ||||||||||||||||||||||
U.S. CPI Urban Consumers NAS | 2.50 | 07/15/2022 | DUB | USD | 3,900,000 | (18,935 | ) | 29,669 | (48,604 | ) | ||||||||||||||||||||||
U.S. CPI Urban Consumers NAS | 2.50 | 07/15/2022 | BNP | USD | 5,500,000 | (26,703 | ) | 32,086 | (58,789 | ) | ||||||||||||||||||||||
|
|
|
|
|
| |||||||||||||||||||||||||||
$ | (164,095 | ) | $ | 66,041 | $ | (230,136 | ) | |||||||||||||||||||||||||
|
|
|
|
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 79
Transamerica Real Return TIPS
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
FUTURES CONTRACTS: | ||||||||||||||||
Description | Type | Contracts | Expiration Date | Unrealized Appreciation (Depreciation) | ||||||||||||
10-Year U.S. Treasury Note | Short | (10 | ) | 06/19/2013 | $ | (8,603 | ) | |||||||||
90-Day Eurodollar | Long | 112 | 09/14/2015 | 62,460 | ||||||||||||
90-Day Eurodollar | Long | 441 | 03/14/2016 | 273,412 | ||||||||||||
|
| |||||||||||||||
$ | 327,269 | |||||||||||||||
|
|
FORWARD FOREIGN CURRENCY CONTRACTS: (N) (U) | ||||||||||||||||||||
Currency | Counterparty | Contracts Bought (Sold) | Settlement Date | Amount in U.S. Dollars Bought (Sold) | Net Unrealized Appreciation (Depreciation) | |||||||||||||||
AUD | BCLY | 300,000 | 05/02/2013 | $ | 313,793 | $ | (2,833 | ) | ||||||||||||
AUD | CITI | (300,000 | ) | 05/02/2013 | (309,336 | ) | (1,624 | ) | ||||||||||||
AUD | BCLY | 223,000 | 05/23/2013 | 232,883 | (2,126 | ) | ||||||||||||||
AUD | BNP | 5,100,000 | 05/23/2013 | 5,266,643 | 10,748 | |||||||||||||||
AUD | CITI | (16,061,000 | ) | 05/23/2013 | (16,733,089 | ) | 113,447 | |||||||||||||
BRL | DUB | 678,722 | 06/04/2013 | 334,066 | 3,775 | |||||||||||||||
BRL | HSBC | 247,985 | 06/04/2013 | 123,931 | (493 | ) | ||||||||||||||
BRL | MSC | 317,776 | 06/04/2013 | 160,000 | (1,824 | ) | ||||||||||||||
BRL | MSC | (678,722 | ) | 06/04/2013 | (334,066 | ) | (3,775 | ) | ||||||||||||
BRL | UBS | 18,051,091 | 06/04/2013 | 8,994,066 | (8,954 | ) | ||||||||||||||
BRL | UBS | (462,548 | ) | 06/04/2013 | (231,112 | ) | 874 | |||||||||||||
CAD | BCLY | 515,000 | 06/20/2013 | 504,612 | 5,969 | |||||||||||||||
CAD | DUB | 186,000 | 06/20/2013 | 182,675 | 1,728 | |||||||||||||||
CAD | RBS | (4,587,000 | ) | 06/20/2013 | (4,455,107 | ) | (92,526 | ) | ||||||||||||
DKK | BCLY | (14,631,000 | ) | 05/15/2013 | (2,635,089 | ) | 50,184 | |||||||||||||
EUR | BNP | 28,441,000 | 05/02/2013 | 36,959,080 | 496,802 | |||||||||||||||
EUR | BNP | (28,441,000 | ) | 05/02/2013 | (36,358,462 | ) | (1,097,419 | ) | ||||||||||||
EUR | BNP | (28,441,000 | ) | 06/04/2013 | (36,967,100 | ) | (496,707 | ) | ||||||||||||
EUR | DUB | 1,200,000 | 06/04/2013 | 1,560,643 | 20,053 | |||||||||||||||
EUR | BCLY | 108,000 | 06/17/2013 | 141,132 | 1,144 | |||||||||||||||
EUR | BCLY | 12,325,000 | 06/17/2013 | 15,857,850 | 378,654 | |||||||||||||||
EUR | BNP | (1,280,000 | ) | 06/17/2013 | (1,676,109 | ) | (10,116 | ) | ||||||||||||
EUR | CITI | 1,072,000 | 06/17/2013 | 1,389,023 | 23,191 | |||||||||||||||
EUR | CITI | (390,000 | ) | 06/17/2013 | (509,745 | ) | (4,027 | ) | ||||||||||||
EUR | HSBC | (10,000 | ) | 06/17/2013 | (13,009 | ) | (165 | ) | ||||||||||||
EUR | MSC | 302,000 | 06/17/2013 | 391,669 | 6,175 | |||||||||||||||
EUR | RBS | (20,000 | ) | 06/17/2013 | (26,320 | ) | (27 | ) | ||||||||||||
EUR | UBS | (570,000 | ) | 06/17/2013 | (745,150 | ) | (5,748 | ) | ||||||||||||
GBP | BCLY | (1,384,000 | ) | 06/12/2013 | (2,108,516 | ) | (40,720 | ) | ||||||||||||
GBP | BNP | 1,202,000 | 06/12/2013 | 1,789,964 | 76,640 | |||||||||||||||
GBP | CITI | 579,000 | 06/12/2013 | 872,888 | 26,250 | |||||||||||||||
GBP | CITI | 460,000 | 06/12/2013 | 701,379 | 12,962 | |||||||||||||||
GBP | DUB | 574,000 | 06/12/2013 | 867,317 | 24,056 | |||||||||||||||
GBP | DUB | 570,000 | 06/12/2013 | 869,564 | 15,599 | |||||||||||||||
GBP | JPM | 470,000 | 06/12/2013 | 710,254 | 19,616 | |||||||||||||||
GBP | RBS | (7,220,000 | ) | 06/12/2013 | (10,916,496 | ) | (295,556 | ) | ||||||||||||
GBP | RBS | (163,000 | ) | 06/12/2013 | (245,925 | ) | (7,200 | ) | ||||||||||||
INR | BCLY | 20,495,160 | 07/15/2013 | 378,000 | (3,188 | ) | ||||||||||||||
INR | CITI | 31,366,020 | 07/15/2013 | 573,000 | 616 | |||||||||||||||
INR | JPM | 18,041,100 | 07/15/2013 | 330,000 | (68 | ) | ||||||||||||||
INR | UBS | 8,563,600 | 07/15/2013 | 158,000 | (1,391 | ) | ||||||||||||||
JPY | CITI | (97,918 | ) | 05/07/2013 | (1,000 | ) | (4 | ) | ||||||||||||
JPY | GSC | (73,039,741 | ) | 05/07/2013 | (746,000 | ) | (3,267 | ) | ||||||||||||
JPY | BCLY | (169,200,000 | ) | 05/15/2013 | (1,725,367 | ) | (10,414 | ) | ||||||||||||
JPY | BCLY | (34,200,000 | ) | 07/18/2013 | (348,381 | ) | (2,595 | ) | ||||||||||||
JPY | HSBC | (106,300,000 | ) | 07/18/2013 | (1,092,279 | ) | 1,379 | |||||||||||||
JPY | JPM | (214,600,000 | ) | 07/18/2013 | (2,170,057 | ) | (32,268 | ) |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 80
Transamerica Real Return TIPS
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
FORWARD FOREIGN CURRENCY CONTRACTS (continued): (N) (U) | ||||||||||||||||||||
Currency | Counterparty | Contracts Bought (Sold) | Settlement Date | Amount in U.S. Dollars Bought (Sold) | Net Unrealized Appreciation (Depreciation) | |||||||||||||||
JPY | RBS | 630,500,000 | 07/18/2013 | $ | 6,479,599 | $ | (9,115 | ) | ||||||||||||
MXN | BOA | 53,965,557 | 06/27/2013 | 4,427,653 | (4,446 | ) | ||||||||||||||
MXN | JPM | 20,370,131 | 06/27/2013 | 1,677,681 | (8,073 | ) | ||||||||||||||
MXN | MSC | 13,467,539 | 06/27/2013 | 1,106,662 | (2,815 | ) | ||||||||||||||
MXN | UBS | 19,039,551 | 06/27/2013 | 1,479,202 | 81,346 | |||||||||||||||
ZAR | BOA | (7,811,968 | ) | 07/30/2013 | (856,622 | ) | (3,092 | ) | ||||||||||||
|
| |||||||||||||||||||
$ | (781,368 | ) | ||||||||||||||||||
|
|
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 April 30, 2013:
Counterparty | Total Market Value of OTC Derivatives | Collateral (Received) Pledged | Net Exposures (1) | |||||||||
BCLY | $ | 256,580 | $ | (260,000 | ) | $ | (3,420 | ) | ||||
BNP | (858,962 | ) | (599,153 | ) | (1,458,115 | ) | ||||||
BOA | (71,746 | ) | — | (71,746 | ) | |||||||
CITI | 161,335 | (310,000 | ) | (148,665 | ) | |||||||
DUB | 41,188 | — | 41,188 | |||||||||
GSC | (120,098 | ) | 46,588 | (73,510 | ) | |||||||
HSBC | 424,537 | (480,000 | ) | (55,463 | ) | |||||||
JPM | 20,625 | — | 20,625 | |||||||||
MSC | (23,173 | ) | (135,000 | ) | (158,173 | ) | ||||||
RBS | (382,567 | ) | — | (382,567 | ) | |||||||
UBS | 363,072 | (250,000 | ) | 113,072 |
(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:
(A) | Security is subject to dollar roll transactions. |
(B) | All or a portion of this security has been segregated by the custodian with the broker as collateral to cover margin requirements for open futures contracts. Total value of securities segregated as collateral to cover margin requirements for open futures contracts is $263,475. |
(C) | All or a portion of this security has been segregated by the custodian with the broker as collateral for centrally cleared swaps. Total value of securities segregated as collateral to cover centrally cleared swaps is $2,036,905. |
(D) | All or a portion of this security has been segregated with the broker as collateral for open reverse repurchase agreements. Total value of securities segregated as collateral to for open reverse repurchase agreements is $33,728,633. |
(E) | All or a portion of this security is on loan. The value of all securities on loan is $29,535,449. The amount of securities on loan indicated may not correspond with the securities on loan identified because securities with pending sales are in the process of recall from the brokers. |
(F) | Floating or variable rate note. Rate is listed as of April 30, 2013. |
(G) | 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 $480,939, or 0.08% of the fund’s net assets. |
(H) | Illiquid. Total aggregate market value of illiquid securities is $146,440, or 0.02% of the fund’s net assets, and total aggregate market value of illiquid derivatives is $(51,140), or (0.01%) of the fund’s net assets. |
(I) | Rate shown reflects the yield at April 30, 2013. |
(J) | All or a portion of this security has been segregated by the custodian with the broker as collateral for open options, swap, swaptions and/or forward foreign currency contracts. Total value of securities segregated for open options, swap, swaptions and/or forward foreign currency contracts is $596,093. |
(K) | Percentage rounds to less than 0.1%. |
(L) | Aggregate cost for federal income tax purposes is $748,640,965. Aggregate gross unrealized appreciation and depreciation for all securities in which there is an excess of value over tax cost were $46,222,031 and $1,879,690, respectively. Net unrealized appreciation for tax purposes is $44,342,341. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 81
Transamerica Real Return TIPS
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
NOTES TO SCHEDULE OF INVESTMENTS (continued):
(M) | Cash in the amount of $10,000 has been segregated with the broker as collateral for open reverse repurchase agreements. |
(N) | Cash in the amount of $1,435,000 has been segregated by the broker with the custodian as collateral for open options, swaps, swaptions and/or forward foreign currency contracts. |
(O) | Cash in the amount of $9,000 has been segregated by the custodian with the broker as collateral for centrally cleared swaps. |
(P) | 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 obligation 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 obligation. |
(Q) | 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. |
(R) | 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. |
(S) | 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 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. |
(T) | 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 obligation 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 obligation. |
(U) | Securities with an aggregate market value of $1,148,658 have been segregated by the broker as collateral for open options, swaps, swaptions and/or forward foreign currency contracts. |
DEFINITIONS:
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 April 30, 2013, these securities aggregated $28,154,970, or 4.61% of the fund’s net assets. | |
BBA | British Bankers’ Association | |
BCLY | Barclays Bank PLC | |
BNP | BNP Paribas | |
BOA | Bank of America | |
BP | Basis Point | |
CDI | Credit Default Index | |
CITI | Citigroup, Inc. | |
CLO | Collateralized Loan Obligation | |
CPI | Consumer Price Index | |
CPURNSA | US CPI Urban Consumers Non-Seasonably Adjusted Index | |
DUB | Deutsche Bank AG | |
EURIBOR | Euro InterBank Offered Rate | |
GMTN | Global Medium Term Note | |
GSC | Goldman Sachs & Co. | |
HSBC | HSBC Bank USA | |
JPM | JPMorgan Chase Bank | |
LIBOR | London Interbank Offered Rate | |
MSC | Morgan Stanley | |
MTN | Medium Term Note | |
NAS | National Academy of Sciences | |
OAO | Otkrytoe Aktsionernoe Obschestvo (Russian: Open Joint Stock Corporation) | |
OTC | Over the Counter | |
RBS | Royal Bank of Scotland Group PLC | |
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 2013 |
Page 82
Transamerica Real Return TIPS
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
DEFINITIONS (continued):
Reg S | Security exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside the United States. Security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933. | |
UBS | UBS AG |
CURRENCY ABBREVIATIONS:
AUD | �� | Australian Dollar |
BRL | Brazilian Real | |
CAD | Canadian Dollar | |
DKK | Danish Krone | |
EUR | Euro | |
GBP | Pound Sterling | |
INR | Indian Rupee | |
JPY | Japanese Yen | |
MXN | Mexican Peso | |
USD | United States Dollar | |
ZAR | South African Rand |
VALUATION SUMMARY: (V)
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
ASSETS | ||||||||||||||||
Investment Securities | ||||||||||||||||
U.S. Government Obligations | $ | — | $ | 655,618,291 | $ | — | $ | 655,618,291 | ||||||||
U.S. Government Agency Obligations | — | 2,709,789 | — | 2,709,789 | ||||||||||||
Foreign Government Obligations | — | 39,353,096 | — | 39,353,096 | ||||||||||||
Mortgage-Backed Securities | — | 18,588,282 | — | 18,588,282 | ||||||||||||
Asset-Backed Securities | — | 4,264,919 | — | 4,264,919 | ||||||||||||
Municipal Government Obligations | — | 807,781 | — | 807,781 | ||||||||||||
Corporate Debt Securities | — | 40,483,852 | — | 40,483,852 | ||||||||||||
Short-Term U.S. Government Obligation | — | 549,505 | — | 549,505 | ||||||||||||
Purchased Foreign Exchange Options | — | 91,556 | — | 91,556 | ||||||||||||
Purchased Swaption | — | 54,884 | — | 54,884 | ||||||||||||
Securities Lending Collateral | 30,141,086 | — | — | 30,141,086 | ||||||||||||
Repurchase Agreement | — | 320,265 | — | 320,265 | ||||||||||||
Total Investment Securities | $ | 30,141,086 | $ | 762,842,220 | $ | — | $ | 792,983,306 | ||||||||
Derivative Financial Instruments | ||||||||||||||||
Credit Default Swap Agreements (W) | $ | — | $ | 39,585 | $ | — | $ | 39,585 | ||||||||
Forward Foreign Currency Contracts (W) | — | 1,371,208 | — | 1,371,208 | ||||||||||||
Futures Contracts (W) | 335,872 | — | — | 335,872 | ||||||||||||
Interest Rate Swap Agreements (W) | — | 846,894 | — | 846,894 | ||||||||||||
Total Derivative Financial Instruments | $ | 335,872 | $ | 2,257,687 | $ | — | $ | 2,593,559 | ||||||||
Other Assets (X) | ||||||||||||||||
Cash Deposit due to Broker | $ | 9,000 | $ | — | $ | — | $ | 9,000 | ||||||||
Foreign Currency | 467,393 | — | — | 467,393 | ||||||||||||
Total Other Assets | $ | 476,393 | $ | — | $ | — | $ | 476,393 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 83
Transamerica Real Return TIPS
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
VALUATION SUMMARY (continued): (V)
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
LIABILITIES | ||||||||||||||||
Derivative Financial Instruments | ||||||||||||||||
Credit Default Swap Agreements (W) | $ | — | $ | (159,748 | ) | $ | — | $ | (159,748 | ) | ||||||
Forward Foreign Currency Contracts (W) | — | (2,152,576 | ) | — | (2,152,576 | ) | ||||||||||
Futures Contracts (W) | (8,603 | ) | — | — | (8,603 | ) | ||||||||||
Interest Rate Swap Agreements (W) | (966,029 | ) | (234,885 | ) | — | (1,200,914 | ) | |||||||||
Reverse Repurchase Agreements | — | (32,401,875 | ) | — | (32,401,875 | ) | ||||||||||
Written Inflation Floor Options | — | (30,690 | ) | — | (30,690 | ) | ||||||||||
Written Foreign Exchange Options | — | (85,745 | ) | — | (85,745 | ) | ||||||||||
Written Swaptions | — | (249,036 | ) | — | (249,036 | ) | ||||||||||
Total Derivative Financial Instruments | $ | (974,632 | ) | $ | (35,314,555 | ) | $ | — | $ | (36,289,187 | ) | |||||
Other Liabilities (X) | ||||||||||||||||
Cash Deposit due to Broker | $ | — | $ | (1,445,000 | ) | $ | — | $ | (1,445,000 | ) | ||||||
Collateral for Securities on Loan | — | (30,141,086 | ) | — | (30,141,086 | ) | ||||||||||
Total Other Liabilities | $ | — | $ | (31,586,086 | ) | $ | — | $ | (31,586,086 | ) |
(V) | Transfers between levels are considered to have occurred at the end of the reporting period. There were no transfers between Levels 1 and 2 during the period ended April 30, 2013. See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
(W) | Other financial instruments are derivative instruments that are valued at unrealized appreciation (depreciation) on the instrument. |
(X) | Certain assets and liabilities are held at carrying amount or face value, which approximates fair value for financial reporting purposes. |
Level 3 Rollforward - Investment Securities
Securities | Beginning Balance at October 31, 2012 | Purchases | Sales (Y) | Accrued Discounts (Premiums) | Total Realized Gain (Loss) | Net Change in Unrealized Appreciation (Depreciation) (Z) | Transfers into Level 3 | Transfers out of Level 3 | Ending Balance at April 30, 2013 | Net Change in Unrealized Appreciation (Depreciation) on Investments Held at April 30, 2013 (Z) | ||||||||||||||||||||||||||||||
Asset-Backed Securities | $ | 182,319 | $ | — | $ | (185,269 | ) | $ | — | $ | (3,305 | ) | $ | 6,255 | $ | — | $ | — | $ | — | $ | — |
(Y) | Sales include all sales of securities, maturities, paydowns and securities tendered in a corporate action. |
(Z) | Any difference between Net Change in Unrealized Appreciation(Depreciation) and Net Change in Unrealized Appreciation(Depreciation) on Investments Held at April 30, 2013 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 2013 |
Page 84
Transamerica Select Equity
SCHEDULE OF INVESTMENTS
At April 30, 2013
(unaudited)
Shares | Value | |||||||
COMMON STOCKS - 96.7% | ||||||||
Aerospace & Defense - 3.3% | ||||||||
Honeywell International, Inc. | 621,850 | $ 45,730,849 | ||||||
Auto Components - 3.3% | ||||||||
Johnson Controls, Inc. | 1,282,650 | 44,905,577 | ||||||
Beverages - 2.3% | ||||||||
Coca-Cola Co. | 761,250 | 32,223,713 | ||||||
Chemicals - 4.1% | ||||||||
Monsanto Co. | 334,250 | 35,704,585 | ||||||
Mosaic Co. | 338,400 | 20,842,056 | ||||||
Commercial Banks - 4.4% | ||||||||
BB&T Corp. | 762,550 | 23,463,664 | ||||||
PNC Financial Services Group, Inc. | 549,750 | 37,317,030 | ||||||
Communications Equipment - 3.0% | ||||||||
Cisco Systems, Inc. | 1,991,850 | 41,669,502 | ||||||
Consumer Finance - 3.2% | ||||||||
Capital One Financial Corp. | 756,450 | 43,707,681 | ||||||
Diversified Financial Services - 6.0% | ||||||||
Citigroup, Inc. | 925,450 | 43,181,497 | ||||||
JPMorgan Chase & Co. | 818,250 | 40,102,432 | ||||||
Electric Utilities - 2.5% | ||||||||
Exelon Corp. | 918,250 | 34,443,558 | ||||||
Energy Equipment & Services - 2.2% | ||||||||
Halliburton Co. | 719,800 | 30,785,846 | ||||||
Food & Staples Retailing - 3.1% | ||||||||
CVS Caremark Corp. | 725,900 | 42,232,862 | ||||||
Health Care Equipment & Supplies - 6.5% | ||||||||
Baxter International, Inc. | 719,850 | 50,295,919 | ||||||
Covidien PLC | 624,650 | 39,877,656 | ||||||
Health Care Providers & Services - 2.2% | ||||||||
McKesson Corp. | 289,250 | 30,608,435 | ||||||
Hotels, Restaurants & Leisure - 3.5% | ||||||||
McDonald’s Corp. | 473,600 | 48,373,504 | ||||||
Industrial Conglomerates - 5.2% | ||||||||
General Electric Co. | 3,189,050 | 71,083,924 | ||||||
Media - 8.6% | ||||||||
Time Warner, Inc. | 1,099,316 | 65,717,110 | ||||||
Viacom, Inc. - Class B | 821,450 | 52,564,586 |
Shares | Value | |||||||
Oil, Gas & Consumable Fuels - 10.6% |
| |||||||
EnCana Corp. (A) | 1,098,600 | $ 20,269,170 | ||||||
Exxon Mobil Corp. | 740,000 | 65,852,600 | ||||||
Marathon Oil Corp. | 1,051,950 | 34,367,206 | ||||||
Southwestern Energy Co. (B) | 676,900 | 25,329,598 | ||||||
Pharmaceuticals - 11.8% | ||||||||
Johnson & Johnson | 848,350 | 72,304,870 | ||||||
Pfizer, Inc. | 3,120,300 | 90,707,121 | ||||||
Semiconductors & Semiconductor Equipment - 4.0% |
| |||||||
Texas Instruments, Inc. (A) | 1,506,900 | 54,564,849 | ||||||
Software - 2.4% | ||||||||
Adobe Systems, Inc. (B) | 728,850 | 32,856,558 | ||||||
Wireless Telecommunication Services - 4.5% |
| |||||||
Vodafone Group PLC - ADR | 2,035,850 | 62,276,652 | ||||||
|
| |||||||
Total Common Stocks (cost $1,075,441,251) |
| 1,333,360,610 | ||||||
|
| |||||||
SECURITIES LENDING COLLATERAL - 0.9% |
| |||||||
State Street Navigator Securities Lending Trust - Prime Portfolio, 0.18% (C) | 12,012,686 | 12,012,686 | ||||||
|
| |||||||
Total Securities Lending Collateral (cost $12,012,686) |
| 12,012,686 | ||||||
|
| |||||||
Principal | Value | |||||||
REPURCHASE AGREEMENT - 3.1% | ||||||||
State Street Bank & Trust Co. | $ 43,211,765 | 43,211,765 | ||||||
|
| |||||||
Total Repurchase Agreement (cost $43,211,765) |
| 43,211,765 | ||||||
|
| |||||||
Total Investment Securities (cost $1,130,665,702) (D) |
| 1,388,585,061 | ||||||
Other Assets and Liabilities - Net | (9,765,057 | ) | ||||||
|
| |||||||
Net Assets | $ 1,378,820,004 | |||||||
|
|
NOTES TO SCHEDULE OF INVESTMENTS:
(A) | All or a portion of this security is on loan. The value of all securities on loan is $11,738,158. The amount of securities on loan indicated may not correspond with the securities on loan identified because securities with pending sales are in the process of recall from the brokers. |
(B) | Non-income producing security. |
(C) | Rate shown reflects the yield at April 30, 2013. |
(D) | Aggregate cost for federal income tax purposes is $1,130,665,702. Aggregate gross unrealized appreciation and depreciation for all securities in which there is an excess of value over tax cost were $260,522,531 and $2,603,172, respectively. Net unrealized appreciation for tax purposes is $257,919,359. |
DEFINITION:
ADR | American Depositary Receipt |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 85
Transamerica Select Equity
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
VALUATION SUMMARY: (E)
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
ASSETS | ||||||||||||||||
Investment Securities | ||||||||||||||||
Common Stocks | $ | 1,333,360,610 | $ | — | $ | — | $ | 1,333,360,610 | ||||||||
Securities Lending Collateral | 12,012,686 | — | — | 12,012,686 | ||||||||||||
Repurchase Agreement | — | 43,211,765 | — | 43,211,765 | ||||||||||||
Total Investment Securities | $ | 1,345,373,296 | $ | 43,211,765 | $ | — | $ | 1,388,585,061 | ||||||||
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
LIABILITIES | ||||||||||||||||
Other Liabilities (F) | ||||||||||||||||
Collateral for Securities on Loan | $ | — | $ | (12,012,686 | ) | $ | — | $ | (12,012,686 | ) | ||||||
Total Other Liabilities | $ | — | $ | (12,012,686 | ) | $ | — | $ | (12,012,686 | ) |
(E) | Transfers between levels are considered to have occurred at the end of the reporting period. There were no transfers between Levels 1 and 2 during the period ended April 30, 2013. See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
(F) | Certain assets and liabilities are held at carrying amount or face value, which approximates fair value for financial reporting purposes. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 86
Transamerica Total Return
SCHEDULE OF INVESTMENTS
At April 30, 2013
(unaudited)
Principal | Value | |||||||
U.S. GOVERNMENT OBLIGATIONS - 35.9% |
| |||||||
U.S. Treasury Bond | ||||||||
2.75%, 11/15/2042 (A) | $ 5,800,000 | $ 5,626,000 | ||||||
3.00%, 05/15/2042 | 1,100,000 | 1,126,297 | ||||||
3.75%, 08/15/2041 | 700,000 | 825,672 | ||||||
3.88%, 08/15/2040 (A) (B) (C) | 5,400,000 | 6,507,842 | ||||||
4.38%, 02/15/2038 | 700,000 | 908,797 | ||||||
7.50%, 11/15/2024 | 1,400,000 | 2,228,187 | ||||||
U.S. Treasury Inflation Indexed Bond | ||||||||
0.75%, 02/15/2042 | 513,590 | 557,245 | ||||||
2.13%, 02/15/2041 | 2,967,664 | 4,341,832 | ||||||
U.S. Treasury Inflation Indexed Note | ||||||||
0.13%, 01/15/2022 - 01/15/2023 | 25,707,097 | 27,972,245 | ||||||
1.13%, 01/15/2021 (B) | 12,095,742 | 14,210,610 | ||||||
U.S. Treasury Note | ||||||||
0.25%, 01/31/2014 - 02/28/2014 | 15,700,000 | 15,714,843 | ||||||
0.75%, 02/28/2018 (D) | 2,000,000 | 2,010,468 | ||||||
1.00%, 01/15/2014 | 1,657,000 | 1,667,292 | ||||||
1.13%, 12/31/2019 (D) | 13,500,000 | 13,581,216 | ||||||
1.25%, 02/15/2014 | 18,202,000 | 18,363,397 | ||||||
1.25%, 03/15/2014 (C) | 16,398,000 | 16,557,503 | ||||||
1.25%, 02/29/2020 (D) | 7,400,000 | 7,487,298 | ||||||
1.50%, 12/31/2013 | 400,000 | 403,656 | ||||||
1.63%, 08/15/2022 - 11/15/2022 | 9,800,000 | 9,813,722 | ||||||
1.75%, 01/31/2014 - 05/15/2022 | 9,100,000 | 9,231,442 | ||||||
2.00%, 11/15/2021 (A) (C) (D) | 39,100,000 | 40,871,699 | ||||||
2.00%, 02/15/2022 | 100,000 | 104,234 | ||||||
2.13%, 08/15/2021 | 2,800,000 | 2,963,187 | ||||||
2.38%, 05/31/2018 | 13,500,000 | 14,643,288 | ||||||
2.63%, 11/15/2020 (A) (C) | 16,300,000 | 17,970,750 | ||||||
3.13%, 05/15/2021 | 5,900,000 | 6,717,705 | ||||||
|
| |||||||
Total U.S. Government Obligations (cost $232,829,933) |
| 242,406,427 | ||||||
|
| |||||||
U.S. GOVERNMENT AGENCY OBLIGATIONS - 28.4% |
| |||||||
Fannie Mae | ||||||||
0.30%, 01/25/2021 (E) | 121,943 | 121,875 | ||||||
0.55%, 09/25/2042 (E) | 306,663 | 302,219 | ||||||
1.38%, 03/01/2044 - 10/01/2044 (E) | 1,290,511 | 1,337,782 | ||||||
2.18%, 09/01/2035 (E) | 656,718 | 699,197 | ||||||
2.31%, 01/01/2026 (E) | 3,036 | 3,194 | ||||||
2.36%, 01/01/2028 (E) | 37,522 | 40,110 | ||||||
2.39%, 11/01/2033 (E) | 134,551 | 143,362 | ||||||
2.42%, 07/01/2035 (E) | 296,792 | 315,554 | ||||||
2.50%, 10/01/2027 - 02/01/2043 | 30,890,636 | 32,230,734 | ||||||
2.56%, 03/01/2034 (E) | 232,750 | 247,487 | ||||||
3.50%, 08/01/2025 - 04/01/2027 | 3,601,130 | 3,836,429 | ||||||
4.00%, 03/01/2041 | 925,676 | 999,793 | ||||||
4.50%, 12/01/2024 - 09/01/2042 | 3,396,453 | 3,660,040 | ||||||
5.00%, 08/01/2020 - 01/01/2030 | 3,641,562 | 4,005,621 | ||||||
5.50%, 01/01/2037 - 02/01/2037 | 322,446 | 352,967 | ||||||
6.30%, 10/17/2038 | 386,411 | 387,290 | ||||||
Fannie Mae, IO | 1,239,447 | 269,894 | ||||||
Fannie Mae, TBA | ||||||||
2.50% | 15,000,000 | 15,548,125 | ||||||
3.50% | 4,000,000 | 4,248,906 | ||||||
4.50% | 200,000 | 214,508 | ||||||
5.00% | 14,000,000 | 15,147,968 | ||||||
6.00% | 900,000 | 983,672 |
Principal | Value | |||||||
U.S. GOVERNMENT AGENCY OBLIGATIONS (continued) |
| |||||||
Freddie Mac | ||||||||
1.38%, 10/25/2044 (E) | $ 364,978 | $ 366,086 | ||||||
1.58%, 07/25/2044 (E) | 373,089 | 382,423 | ||||||
2.26%, 03/01/2034 (E) | 149,293 | 159,531 | ||||||
2.35%, 11/01/2033 (E) | 132,974 | 141,461 | ||||||
2.36%, 03/01/2034 (E) | 151,959 | 161,971 | ||||||
2.42%, 01/01/2036 (E) | 2,700,629 | 2,874,793 | ||||||
2.46%, 09/01/2035 (E) | 45,117 | 48,096 | ||||||
3.00%, 09/01/2035 (E) | 489,099 | 524,303 | ||||||
4.00%, 01/01/2041 | 3,200,835 | 3,419,016 | ||||||
4.50%, 08/01/2025 - 08/01/2041 | 10,806,559 | 11,592,451 | ||||||
5.00%, 02/15/2020 - 08/15/2020 | 67,826 | 68,269 | ||||||
6.50%, 04/15/2029 - 07/25/2043 | 22,128 | 25,654 | ||||||
Freddie Mac, TBA | 3,000,000 | 3,212,344 | ||||||
Ginnie Mae | ||||||||
1.75%, 05/20/2024 (E) | 38,971 | 40,898 | ||||||
2.50%, 03/15/2027 - 02/15/2043 | 6,894,203 | 7,207,507 | ||||||
6.50%, 06/20/2032 | 19,509 | 21,977 | ||||||
Ginnie Mae, IO | ||||||||
6.36%, 04/16/2033 - 10/16/2033 (E) (F) | 1,143,976 | 216,676 | ||||||
6.40%, 08/16/2033 - 09/20/2034 (E) (F) | 2,760,815 | 548,388 | ||||||
Ginnie Mae, TBA | 62,000,000 | 65,971,875 | ||||||
Overseas Private Investment Corp. | 9,320,000 | 9,522,952 | ||||||
U.S. Small Business Administration | 16,437 | 16,774 | ||||||
|
| |||||||
Total U.S. Government Agency Obligations (cost $188,704,504) |
| 191,620,172 | ||||||
|
| |||||||
FOREIGN GOVERNMENT OBLIGATIONS - 9.0% |
| |||||||
Australia Government Bond | AUD 6,300,000 | 6,645,442 | ||||||
Bundesschatzanweisungen | ||||||||
0.75%, 09/13/2013 | EUR 19,700,000 | 26,011,379 | ||||||
1.75%, 06/14/2013 | 14,300,000 | 18,868,362 | ||||||
Province of Ontario Canada | CAD 5,600,000 | 5,854,917 | ||||||
Province of Quebec Canada | 2,300,000 | 2,448,714 | ||||||
Republic of Brazil | BRL 1,000,000 | 623,516 | ||||||
|
| |||||||
Total Foreign Government Obligations (cost $58,154,202) |
| 60,452,330 | ||||||
|
| |||||||
MORTGAGE-BACKED SECURITIES - 9.0% |
| |||||||
American Home Mortgage Assets LLC |
| |||||||
Series 2006-2, Class 2A1 | ||||||||
0.39%, 09/25/2046 (E) | $ 834,301 | 572,354 | ||||||
Series 2006-4, Class 1A12 | ||||||||
0.41%, 10/25/2046 (E) | 1,824,757 | 1,261,883 | ||||||
Banc of America Funding Corp. | ||||||||
Series 2005-D, Class A1 | ||||||||
2.65%, 05/25/2035 (E) | 661,298 | 677,316 | ||||||
Series 2006-J, Class 4A1 | ||||||||
5.62%, 01/20/2047 (E) | 81,313 | 64,024 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 87
Transamerica Total Return
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Principal | Value | |||||||
MORTGAGE-BACKED SECURITIES (continued) |
| |||||||
Bear Stearns Adjustable Rate Mortgage Trust | ||||||||
Series 2003-5, Class 2A1 | ||||||||
2.73%, 08/25/2033 (E) | $ 603,420 | $ 603,667 | ||||||
Series 2003-8, Class 2A1 | ||||||||
3.07%, 01/25/2034 (E) | 12,835 | 13,039 | ||||||
Series 2003-8, Class 4A1 | ||||||||
3.12%, 01/25/2034 (E) | 119,679 | 119,137 | ||||||
Series 2005-2, Class A2 | ||||||||
2.79%, 03/25/2035 (E) | 391,464 | 394,088 | ||||||
Series 2005-5, Class A2 | ||||||||
2.32%, 08/25/2035 (E) | 196,948 | 199,774 | ||||||
Bear Stearns Alt-A Trust | 312,468 | 221,178 | ||||||
Bear Stearns Structured Products, Inc. | 273,760 | 210,627 | ||||||
Berica ABS Srl | EUR 5,300,000 | 6,706,591 | ||||||
Berica Residential MBS Srl | 6,678,511 | 8,090,583 | ||||||
CC Funding Corp. | $ 191,482 | 168,387 | ||||||
Citigroup Mortgage Loan Trust, Inc. | ||||||||
Series 2005-6, Class A2 | ||||||||
2.29%, 09/25/2035 (E) | 231,940 | 228,037 | ||||||
Series 2007-10, Class 22AA | ||||||||
3.08%, 09/25/2037 (E) | 1,514,473 | 1,235,966 | ||||||
Citigroup/Deutsche Bank Commercial Mortgage Trust | 198,287 | 231,789 | ||||||
Countrywide Alternative Loan Trust | ||||||||
Series 2003-J1, Class 4A1 | ||||||||
6.00%, 10/25/2032 | 1,235 | 1,296 | ||||||
Series 2005-81, Class A1 | ||||||||
0.48%, 02/25/2037 (E) | 578,208 | 405,707 | ||||||
Series 2006-30T1, Class 1A3 | ||||||||
6.25%, 11/25/2036 | 323,396 | 281,074 | ||||||
Series 2006-J8, Class A2 | ||||||||
6.00%, 02/25/2037 | 324,120 | 242,112 | ||||||
Series 2006-OA17, Class 1A1A | ||||||||
0.39%, 12/20/2046 (E) | 2,196,737 | 1,478,936 | ||||||
Series 2007-2CB, Class 1A13 | ||||||||
5.75%, 03/25/2037 (E) | 542,121 | 437,336 | ||||||
Series 2007-HY4, Class 1A1 | ||||||||
2.99%, 06/25/2037 (E) | 1,025,607 | 873,453 | ||||||
Series 2007-OA6, Class A1B | ||||||||
0.40%, 06/25/2037 (E) | 945,817 | 795,674 | ||||||
Countrywide Home Loan Mortgage Pass-Through Trust | ||||||||
Series 2002-30, Class M | ||||||||
2.87%, 10/19/2032 (E) | 12,984 | 8,992 | ||||||
Series 2004-12, Class 12A1 | ||||||||
2.88%, 08/25/2034 (E) | 324,583 | 307,012 | ||||||
Series 2004-R1, Class 2A | ||||||||
6.50%, 11/25/2034 - 144A | 422,004 | 439,235 |
Principal | Value | |||||||
MORTGAGE-BACKED SECURITIES (continued) |
| |||||||
Credit Suisse First Boston Mortgage Securities Corp. | ||||||||
Series 2002-P1A, Class A | ||||||||
0.83%, 03/25/2032 - 144A (E) | $ 461 | $ 441 | ||||||
Series 2003-AR15, Class 2A1 | ||||||||
2.44%, 06/25/2033 (E) | 834,308 | 818,959 | ||||||
Deutsche ALT-A Securities, Inc., Alternate Loan Trust | 728,519 | 620,252 | ||||||
First Horizon Alternative Mortgage Securities | 335,915 | 295,667 | ||||||
First Horizon Asset Securities, Inc. | 65,078 | 62,547 | ||||||
GSR Mortgage Loan Trust | 108,127 | 111,176 | ||||||
Harborview Mortgage Loan Trust | ||||||||
Series 2006-1, Class 2A1A | ||||||||
0.44%, 03/19/2036 (E) | 1,314,555 | 910,379 | ||||||
Series 2006-12, Class 2A2A | ||||||||
0.39%, 01/19/2038 (E) | 900,985 | 741,382 | ||||||
Series 2006-6, Class 5A1A | ||||||||
5.20%, 08/19/2036 (E) | 456,501 | 404,170 | ||||||
Series 2007-1, Class 2A1A | ||||||||
0.33%, 04/19/2038 (E) | 939,188 | 770,371 | ||||||
IndyMac Index Mortgage Loan Trust | 40,402 | 38,515 | ||||||
JPMorgan Chase Commercial Mortgage Securities Corp. | 5,399,483 | 5,427,086 | ||||||
JPMorgan Mortgage Trust | ||||||||
Series 2005-A1, Class 6T1 | ||||||||
4.72%, 02/25/2035 (E) | 68,935 | 70,288 | ||||||
Series 2007-A1, Class 5A5 | ||||||||
3.00%, 07/25/2035 (E) | 583,624 | 598,850 | ||||||
LB-UBS Commercial Mortgage Trust | 1,829,419 | 2,111,654 | ||||||
Luminent Mortgage Trust | 519,682 | 453,863 | ||||||
MASTR Alternative Loan Trust | 125,576 | 27,784 | ||||||
Mellon Residential Funding Corp. | 236,475 | 228,892 | ||||||
Merrill Lynch Mortgage Investors Trust | ||||||||
Series 2005-2, Class 3A | ||||||||
1.20%, 10/25/2035 (E) | 37,710 | 37,529 | ||||||
Series 2005-3, Class 4A | ||||||||
0.45%, 11/25/2035 (E) | 29,787 | 27,821 | ||||||
Series 2005-A10, Class A | ||||||||
0.41%, 02/25/2036 (E) | 159,999 | 143,285 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 88
Transamerica Total Return
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Principal | Value | |||||||
MORTGAGE-BACKED SECURITIES (continued) |
| |||||||
Morgan Stanley Capital I Trust | $ 100,000 | $ 116,544 | ||||||
Morgan Stanley Mortgage Loan Trust | ||||||||
Series 2007-10XS, Class A1 | ||||||||
6.00%, 07/25/2047 (E) | 292,249 | 243,045 | ||||||
Series 2007-3XS, Class 2A1A | ||||||||
0.27%, 01/25/2047 (E) | 95,144 | 89,142 | ||||||
Series 2007-8XS, Class A1 | ||||||||
5.75%, 04/25/2037 (E) | 316,390 | 265,311 | ||||||
Permanent Master Issuer PLC | ||||||||
Series 2011-1A, Class 1A1 | ||||||||
1.68%, 07/15/2042 - 144A (E) (F) | 2,100,000 | 2,115,723 | ||||||
Series 2011-1A, Class 1A3 | ||||||||
1.51%, 07/15/2042 - 144A (E) | EUR 4,200,000 | 5,569,551 | ||||||
Reperforming Loan REMIC Trust | $ 1,112,444 | 1,000,540 | ||||||
Residential Asset Securitization Trust | 261,073 | 121,546 | ||||||
RFMSI Trust | 1,981 | 2,080 | ||||||
RMAC Securities PLC | 3,352,748 | 3,026,089 | ||||||
Sequoia Mortgage Trust | ||||||||
Series 10, Class 2A1 | ||||||||
0.96%, 10/20/2027 (E) | 32,087 | 31,665 | ||||||
Series 2007-1, Class 1A1 | ||||||||
2.59%, 01/20/2047 (E) | 568,965 | 482,734 | ||||||
Structured Adjustable Rate Mortgage Loan Trust | 177,917 | 138,079 | ||||||
Structured Asset Mortgage Investments, Inc. |
| |||||||
Series 2002-AR3, Class A1 | ||||||||
0.86%, 09/19/2032 (E) | 15,529 | 14,970 | ||||||
Series 2005-AR5, Class A1 | ||||||||
0.45%, 07/19/2035 (E) | 36,143 | 33,132 | ||||||
Series 2005-AR5, Class A2 | ||||||||
0.45%, 07/19/2035 (E) | 58,521 | 54,925 | ||||||
Series 2005-AR5, Class A3 | ||||||||
0.45%, 07/19/2035 (E) | 111,775 | 109,769 | ||||||
Series 2005-AR8, Class A1A | ||||||||
0.48%, 02/25/2036 (E) | 463,165 | 363,020 | ||||||
Series 2006-AR3, Class 12A1 | ||||||||
0.42%, 05/25/2036 (E) | 546,640 | 384,248 | ||||||
Series 2006-AR6, Class 2A1 | ||||||||
0.39%, 07/25/2046 (E) | 1,980,797 | 1,521,538 | ||||||
WaMu Mortgage Pass-Through Certificates |
| |||||||
Series 2002-AR2, Class A | ||||||||
2.25%, 02/27/2034 (E) | 14,977 | 15,177 | ||||||
Series 2002-AR9, Class 1A | ||||||||
1.58%, 08/25/2042 (E) | 8,758 | 8,361 | ||||||
Series 2003-AR5, Class A7 | ||||||||
2.45%, 06/25/2033 (E) | 548,716 | 560,783 |
Principal | Value | |||||||
MORTGAGE-BACKED SECURITIES (continued) |
| |||||||
WaMu Mortgage Pass-Through Certificates (continued) | ||||||||
Series 2003-AR9, Class 2A | ||||||||
2.46%, 09/25/2033 (E) | $ 1,036,924 | $ 1,058,278 | ||||||
Series 2005-AR11, Class A1A | ||||||||
0.52%, 08/25/2045 (E) | 498,364 | 463,640 | ||||||
Series 2006-AR19, Class 1A | ||||||||
0.92%, 01/25/2047 (E) | 926,651 | 739,226 | ||||||
Series 2006-AR19, Class 1A1A | ||||||||
0.91%, 01/25/2047 (E) | 789,059 | 748,851 | ||||||
Series 2006-AR9, Class 2A | ||||||||
2.50%, 08/25/2046 (E) | 491,656 | 469,454 | ||||||
Series 2007-OA1, Class A1A | ||||||||
0.88%, 02/25/2047 (E) | 660,412 | 522,011 | ||||||
Wells Fargo Mortgage Backed Securities Trust | ||||||||
Series 2004-CC, Class A1 | ||||||||
2.62%, 01/25/2035 (E) | 171,757 | 171,328 | ||||||
Series 2006-AR4, Class 2A6 | ||||||||
5.59%, 04/25/2036 (E) | 159,265 | 57,933 | ||||||
Series 2006-AR8, Class 2A4 | ||||||||
2.72%, 04/25/2036 (E) | 333,833 | 314,594 | ||||||
|
| |||||||
Total Mortgage-Backed Securities (cost $59,807,698) |
| 60,983,465 | ||||||
|
| |||||||
ASSET-BACKED SECURITIES - 4.9% |
| |||||||
Amortizing Residential Collateral Trust | 3,806 | 3,434 | ||||||
Asset Backed Funding Certificates | 317,129 | 304,510 | ||||||
Bear Stearns Asset Backed Securities Trust | ||||||||
Series 2002-2, Class A1 | ||||||||
0.86%, 10/25/2032 (E) | 11,122 | 10,546 | ||||||
Series 2006-SD4, Class 1A1 | ||||||||
3.01%, 10/25/2036 (E) | 656,078 | 639,484 | ||||||
Series 2007-AQ1, Class A1 | ||||||||
0.31%, 11/25/2036 (E) | 696,095 | 462,528 | ||||||
Chester Asset Receivables Dealings | GBP 3,700,000 | 5,738,480 | ||||||
Credit-Based Asset Servicing and Securitization LLC | $ 434,945 | 162,419 | ||||||
Harbourmaster CLO, Ltd. | EUR 402,735 | 524,371 | ||||||
Home Equity Asset Trust | $ 1,026 | 845 | ||||||
JPMorgan Mortgage Acquisition Corp. | 3,500,000 | 2,261,399 | ||||||
Mid-State Trust IV | 128,350 | 136,502 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 89
Transamerica Total Return
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Principal | Value | |||||||
ASSET-BACKED SECURITIES (continued) |
| |||||||
New Century Home Equity Loan Trust | $ 138,303 | $ 88,211 | ||||||
Park Place Securities, Inc. | 77,066 | 74,979 | ||||||
Penarth Master Issuer PLC | 3,700,000 | 3,700,334 | ||||||
Plymouth Rock CLO, Ltd./Inc. | 307,752 | 307,791 | ||||||
Securitized Asset Backed Receivables LLC | 79,490 | 25,360 | ||||||
Small Business Administration Participation Certificates | ||||||||
Series 2003-20I, Class 1 | ||||||||
5.13%, 09/01/2023 | 29,211 | 32,341 | ||||||
Series 2004-20C, Class 1 | ||||||||
4.34%, 03/01/2024 | 209,571 | 229,674 | ||||||
Structured Asset Securities Corp. | ||||||||
Series 2002-HF1, Class A | ||||||||
0.78%, 01/25/2033 (E) | 2,381 | 2,285 | ||||||
Series 2003-22A, Class 2A1 | ||||||||
2.60%, 06/25/2033 (E) | 934,687 | 925,161 | ||||||
Venture VIII CDO, Ltd. | 6,000,000 | 5,804,748 | ||||||
Wood Street CLO BV | EUR 8,927,996 | 11,481,035 | ||||||
|
| |||||||
Total Asset-Backed Securities (cost $31,399,993) |
| 32,916,437 | ||||||
|
| |||||||
MUNICIPAL GOVERNMENT OBLIGATIONS - 6.8% |
| |||||||
Buckeye Tobacco Settlement Financing Authority (Revenue Bonds) | $ 600,000 | 533,166 | ||||||
Chicago Transit Authority (Revenue Bonds) | ||||||||
Class A | ||||||||
6.90%, 12/01/2040 | 4,900,000 | 6,294,148 | ||||||
Class B | ||||||||
6.90%, 12/01/2040 | 2,700,000 | 3,468,204 | ||||||
Citizens Property Insurance Corp. (Revenue Bonds) | 4,735,000 | 5,707,001 | ||||||
City of Chicago, IL (General Obligation Unlimited) | 6,930,000 | 7,295,765 | ||||||
Kentucky State Property & Building Commission (Revenue Bonds) | 100,000 | 120,299 | ||||||
New York City Transitional Finance Authority Future Tax Secured Revenue (Revenue Bonds) | 100,000 | 119,930 |
Principal | Value | |||||||
MUNICIPAL GOVERNMENT OBLIGATIONS (continued) |
| |||||||
North Carolina Medical Care Commission | $ 13,280,000 | $ 15,289,069 | ||||||
Port Authority of New York & New Jersey (Revenue Bonds) | 4,100,000 | 4,298,768 | ||||||
State of California - Build America Bonds (General Obligation Unlimited) | 300,000 | 432,090 | ||||||
Tobacco Settlement Finance Authority | 1,110,000 | 966,533 | ||||||
Tobacco Settlement Financing Corp. (Revenue Bonds) | ||||||||
5.50%, 06/01/2026 | 180,000 | 191,309 | ||||||
5.88%, 05/15/2039 | 40,000 | 40,220 | ||||||
Series 1A | ||||||||
5.00%, 06/01/2041 | 1,400,000 | 1,243,816 | ||||||
|
| |||||||
Total Municipal Government Obligations (cost $41,366,701) |
| 46,000,318 | ||||||
|
| |||||||
CORPORATE DEBT SECURITIES - 16.5% |
| |||||||
Airlines - 0.3% | ||||||||
Continental Airlines, Inc. | 2,200,000 | 2,301,750 | ||||||
Automobiles - 1.5% | ||||||||
Daimler Finance North America LLC | 8,200,000 | 8,259,647 | ||||||
Volkswagen International Finance NV | 1,600,000 | 1,602,859 | ||||||
Capital Markets - 1.8% | ||||||||
Goldman Sachs Group, Inc. | ||||||||
0.53%, 11/15/2014 (E) | EUR 500,000 | 656,633 | ||||||
6.75%, 10/01/2037 | $ 900,000 | 1,032,550 | ||||||
Morgan Stanley | 4,200,000 | 4,400,953 | ||||||
Morgan Stanley, Series EMTN | EUR 1,900,000 | 2,453,528 | ||||||
Morgan Stanley, Series GMTN | ||||||||
6.63%, 04/01/2018 | $ 2,000,000 | 2,397,624 | ||||||
7.30%, 05/13/2019 | 700,000 | 876,771 | ||||||
Commercial Banks - 4.0% | ||||||||
Barclays Bank PLC | 2,240,000 | 3,064,544 | ||||||
Cie de Financement Foncier SA | 6,000,000 | 6,234,612 | ||||||
Export-Import Bank of Korea | ||||||||
1.23%, 07/26/2013 - 144A (E) | 4,400,000 | 4,401,452 | ||||||
8.13%, 01/21/2014 | 3,300,000 | 3,462,221 | ||||||
HSBC Capital Funding, LP | 150,000 | 217,500 | ||||||
Lloyds TSB Bank PLC | 5,300,000 | 7,155,000 | ||||||
Lloyds TSB Bank PLC, | 700,000 | 837,976 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 90
Transamerica Total Return
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Principal | Value | |||||||
Commercial Banks (continued) | ||||||||
Rabobank Nederland NV | $ 378,000 | $ 507,465 | ||||||
SSIF Nevada, LP | 500,000 | 502,841 | ||||||
Wells Fargo & Co. | 800,000 | 927,000 | ||||||
Consumer Finance - 0.5% | ||||||||
Ally Financial, Inc. | 3,100,000 | 3,161,907 | ||||||
Diversified Financial Services - 4.6% | ||||||||
Bank of America Corp. | 4,000,000 | 5,121,072 | ||||||
Bank of America Corp., | 3,900,000 | 4,527,494 | ||||||
Bear Stearns Cos., LLC | ||||||||
5.70%, 11/15/2014 | 1,900,000 | 2,043,383 | ||||||
6.40%, 10/02/2017 | 900,000 | 1,079,635 | ||||||
7.25%, 02/01/2018 | 2,100,000 | 2,615,111 | ||||||
Citigroup, Inc. | ||||||||
0.41%, 03/07/2014 (E) | 2,000,000 | 1,996,226 | ||||||
2.29%, 08/13/2013 (E) | 1,200,000 | 1,206,238 | ||||||
6.00%, 08/15/2017 | 600,000 | 706,184 | ||||||
Ford Motor Credit Co., LLC | 400,000 | 410,147 | ||||||
JPMorgan Chase & Co. | ||||||||
4.25%, 10/15/2020 (G) | 1,900,000 | 2,128,142 | ||||||
4.40%, 07/22/2020 (G) | 200,000 | 226,576 | ||||||
6.30%, 04/23/2019 | 900,000 | 1,107,826 | ||||||
Lehman Brothers Holdings Prod (Escrow shares) | ||||||||
1.00%, 12/30/2016 (E) | 200,000 | 46,750 | ||||||
1.00%, 05/02/2018 | 500,000 | 120,625 | ||||||
Lehman Brothers Holdings, Inc. (Escrow shares) | ||||||||
1.00%, 12/30/2016 - 01/24/2049 | 5,700,000 | 1,358,000 | ||||||
6.75%, 12/28/2017 (I) | 1,700,000 | — | ||||||
Merrill Lynch & Co., Inc., | EUR 1,000,000 | 1,315,791 | ||||||
Merrill Lynch & Co., Inc., | $ 400,000 | 470,692 | ||||||
Merrill Lynch & Co., Inc., | 3,900,000 | 4,741,207 | ||||||
Diversified Telecommunication Services - 0.0% (J) |
| |||||||
KT Corp. | 200,000 | 214,005 | ||||||
Energy Equipment & Services - 0.3% | ||||||||
NGPL PipeCo LLC | 1,800,000 | 1,874,250 | ||||||
Household Durables - 0.0% (J) | ||||||||
Urbi Desarrollos Urbanos SAB de CV | 400,000 | 122,000 | ||||||
Insurance - 0.3% | ||||||||
American International Group, Inc. | 1,000,000 | 1,045,938 | ||||||
American International Group, Inc., Series MTN | 1,000,000 | 1,138,828 |
Principal | Value | |||||||
Metals & Mining - 0.1% | ||||||||
CSN Resources SA | $ 300,000 | $ 321,000 | ||||||
Oil, Gas & Consumable Fuels - 1.1% | ||||||||
Gazprom OAO Via GAZ Capital SA | ||||||||
6.51%, 03/07/2022 - Reg S | 3,500,000 | 4,081,875 | ||||||
8.15%, 04/11/2018 - 144A | 1,000,000 | 1,225,000 | ||||||
Gazprom OAO Via GAZ Capital SA, | 1,500,000 | 2,081,250 | ||||||
Paper & Forest Products - 0.4% | ||||||||
Georgia-Pacific LLC | 2,500,000 | 2,987,968 | ||||||
Tobacco - 0.4% | ||||||||
Altria Group, Inc. | ||||||||
4.13%, 09/11/2015 | 400,000 | 430,570 | ||||||
9.70%, 11/10/2018 | 642,000 | 900,009 | ||||||
Reynolds American, Inc. | ||||||||
7.63%, 06/01/2016 (G) | 200,000 | 237,520 | ||||||
7.75%, 06/01/2018 | 1,000,000 | 1,271,973 | ||||||
Trading Companies & Distributors - 1.2% |
| |||||||
International Lease Finance Corp. | 6,600,000 | 7,854,000 | ||||||
Transportation Infrastructure - 0.0% (J) |
| |||||||
Korea Expressway Corp. | 200,000 | 214,515 | ||||||
|
| |||||||
Total Corporate Debt Securities (cost $98,715,246) |
| 111,676,633 | ||||||
|
| |||||||
COMMERCIAL PAPER - 2.5% |
| |||||||
Commercial Banks - 1.2% | ||||||||
Banco Do Brasil SA | 8,100,000 | 8,074,795 | ||||||
Diversified Financial Services - 1.3% | ||||||||
Ford Motor Credit Co. | ||||||||
1.00%, 11/01/2013 - 11/22/2013 | 8,500,000 | 8,453,784 | ||||||
1.10%, 10/04/2013 | 100,000 | 99,523 | ||||||
|
| |||||||
Total Commercial Paper (cost $16,628,102) |
| 16,628,102 | ||||||
|
| |||||||
LOAN ASSIGNMENTS - 0.3% |
| |||||||
Computers & Peripherals - 0.3% | ||||||||
Dell, Inc. 1st Lien -, 02/28/2014 (F) (L) | 1,200,000 | 1,194,000 | ||||||
Dell, Inc. 2nd Lien -, 02/05/2021 (F) (L) | 800,000 | 796,000 | ||||||
|
| |||||||
Total Loan Assignments (cost $1,990,000) |
| 1,990,000 | ||||||
|
| |||||||
SHORT-TERM U.S. GOVERNMENT OBLIGATIONS - 0.2% |
| |||||||
U.S. Treasury Bill | ||||||||
0.10%, 02/06/2014 (C) (K) | 800,000 | 799,291 | ||||||
0.11%, 04/03/2014 (C) (K) | 280,000 | 279,670 | ||||||
|
| |||||||
Total Short-Term U.S. Government Obligations (cost $1,078,961) |
| 1,078,961 | ||||||
|
| |||||||
Shares | Value | |||||||
CONVERTIBLE PREFERRED STOCK - 0.3% |
| |||||||
Commercial Banks - 0.3% | ||||||||
Wells Fargo & Co. - Series L, | 1,600 | 2,111,600 | ||||||
|
| |||||||
Total Convertible Preferred Stock (cost $1,384,035) |
| 2,111,600 | ||||||
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 91
Transamerica Total Return
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Shares | Value | |||||||
PREFERRED STOCK - 0.1% | ||||||||
Thrifts & Mortgage Finance - 0.1% | ||||||||
DG Funding Trust 144A, | 119 | $ 868,912 | ||||||
|
| |||||||
Total Preferred Stock (cost $1,265,909) |
| 868,912 | ||||||
|
| |||||||
Notional Amount | Value | |||||||
PURCHASED SWAPTION - 0.1% |
| |||||||
Put Option - 0.1% | ||||||||
OTC- If exercised the Fund receives floating 3-month LIBOR, and pays 3.45%, European Style (F) Expires 09/21/2015 Counterparty: RBS | $ 5,000,000 | 357,063 | ||||||
|
| |||||||
Total Purchased Swaption (cost $398,542) |
| 357,063 | ||||||
|
| |||||||
Shares | Value | |||||||
SECURITIES LENDING COLLATERAL - 1.3% |
| |||||||
State Street Navigator Securities Lending Trust - Prime Portfolio, 0.18% (K) | 8,958,713 | 8,958,713 | ||||||
|
| |||||||
Total Securities Lending Collateral (cost $8,958,713) |
| 8,958,713 | ||||||
|
|
Principal | Value | |||||||
REPURCHASE AGREEMENTS - 2.9% |
| |||||||
Barclays Capital, Inc. | $ 7,200,000 | $ 7,200,000 | ||||||
Citigroup Global Markets | 11,600,000 | 11,600,000 | ||||||
State Street Bank & Trust Co. | 867,999 | 867,999 | ||||||
|
| |||||||
Total Repurchase Agreements (cost $19,667,999) |
| 19,667,999 | ||||||
|
| |||||||
Total Investment Securities (cost $762,350,538) (M) |
| 797,717,132 | ||||||
Other Assets and Liabilities - Net | (122,869,875 | ) | ||||||
|
| |||||||
Net Assets | $ 674,847,257 | |||||||
|
| |||||||
Principal | Value | |||||||
TBA SHORT COMMITMENT - (6.5%) |
| |||||||
U.S. Government Agency Obligation - (6.5%) (N) |
| |||||||
Fannie Mae, TBA, 2.50% | $ (42,000,000 | ) | $ (43,780,000 | ) | ||||
|
| |||||||
Total TBA Short Commitment (proceeds $(43,710,391)) |
| $ (43,780,000 | ) | |||||
|
|
WRITTEN SWAPTIONS: (O) | ||||||||||||||||||||||||||
Description | Counterparty | Floating Rate Index | Pay/Receive Floating Rate | Exercise Rate | Expiration Date | Notional Amount | Premiums (Received) | Value | ||||||||||||||||||
Call- OTC 10-Year Interest Rate Swap | GSC | 3-Month USD LIBOR BBA | Receive | 1.80 | % | 07/29/2013 | $ 2,800,000 | $ (11,220 | ) | $ (14,972 | ) | |||||||||||||||
Call- OTC 10-Year Interest Rate Swap | DUB | 3-Month USD LIBOR BBA | Receive | 1.80 | 07/29/2013 | 3,900,000 | (7,800 | ) | (20,854 | ) | ||||||||||||||||
Call- OTC 10-Year Interest Rate Swap | BCLY | 3-Month USD LIBOR BBA | Receive | 1.80 | 07/29/2013 | 1,200,000 | (5,040 | ) | (6,417 | ) | ||||||||||||||||
Call- OTC 10-Year Interest Rate Swap | MSC | 3-Month USD LIBOR BBA | Receive | 1.80 | 07/29/2013 | 5,000,000 | (20,625 | ) | (26,736 | ) | ||||||||||||||||
Call- OTC 5-Year Interest Rate Swap | DUB | 3-Month USD LIBOR BBA | Receive | 0.75 | 09/03/2013 | 2,500,000 | (1,750 | ) | (2,610 | ) | ||||||||||||||||
Call- OTC 5-Year Interest Rate Swap | MSC | 3-Month USD LIBOR BBA | Receive | 0.75 | 09/03/2013 | 15,900,000 | (8,885 | ) | (16,600 | ) | ||||||||||||||||
Put- OTC 10-Year Interest Rate Swap | GSC | 3-Month USD LIBOR BBA | Pay | 2.65 | 07/29/2013 | 2,800,000 | (21,000 | ) | (585 | ) | ||||||||||||||||
Put- OTC 10-Year Interest Rate Swap | DUB | 3-Month USD LIBOR BBA | Pay | 2.65 | 07/29/2013 | 3,900,000 | (24,570 | ) | (815 | ) | ||||||||||||||||
Put- OTC 10-Year Interest Rate Swap | BCLY | 3-Month USD LIBOR BBA | Pay | 2.65 | 07/29/2013 | 1,200,000 | (9,000 | ) | (251 | ) | ||||||||||||||||
Put- OTC 10-Year Interest Rate Swap | MSC | 3-Month USD LIBOR BBA | Pay | 2.65 | 07/29/2013 | 5,000,000 | (39,000 | ) | (1,045 | ) | ||||||||||||||||
Put- OTC 2-Year Interest Rate Swap | BCLY | 6-Month EUR EURIBOR Reuters | Pay | 1.15 | 07/24/2013 | EUR 4,300,000 | (7,362 | ) | (20 | ) |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 92
Transamerica Total Return
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
WRITTEN SWAPTIONS (continued): (O) | ||||||||||||||||||||||||||
Description | Counterparty | Floating Rate Index | Pay/Receive Floating Rate | Exercise Rate | Expiration Date | Notional Amount | Premiums (Received) | Value | ||||||||||||||||||
Put- OTC 5-Year Interest Rate Swap | DUB | 3-Month USD LIBOR BBA | Pay | 1.25 | % | 09/03/2013 | $ 2,500,000 | $ (6,750 | ) | $ (3,288 | ) | |||||||||||||||
Put- OTC 5-Year Interest Rate Swap | MSC | 3-Month USD LIBOR BBA | Pay | 1.25 | 09/03/2013 | 15,900,000 | (40,180 | ) | (20,911 | ) | ||||||||||||||||
Put- OTC 5-Year Interest Rate Swap | DUB | 3-Month USD LIBOR BBA | Pay | 1.40 | 09/03/2013 | 19,400,000 | (68,870 | ) | (11,524 | ) | ||||||||||||||||
Put- OTC 5-Year Interest Rate Swap | RBS | 3-Month USD LIBOR BBA | Pay | 2.50 | 09/21/2015 | 21,000,000 | (399,000 | ) | (289,656 | ) | ||||||||||||||||
Put- OTC 5-Year Interest Rate Swap | CITI | 6-Month EUR EURIBOR Reuters | Pay | 1.70 | 07/24/2013 | EUR 1,500,000 | (6,780 | ) | (29 | ) | ||||||||||||||||
Put- OTC 5-Year Interest Rate Swap | RBS | 6-Month EUR EURIBOR Reuters | Pay | 1.70 | 07/24/2013 | 3,800,000 | (22,430 | ) | (75 | ) | ||||||||||||||||
Put- OTC 5-Year Interest Rate Swap | DUB | 6-Month EUR EURIBOR Reuters | Pay | 1.70 | 07/24/2013 | 3,900,000 | (20,336 | ) | (76 | ) | ||||||||||||||||
Put- OTC 5-Year Interest Rate Swap | BCLY | 6-Month EUR EURIBOR Reuters | Pay | 1.70 | 07/24/2013 | 11,200,000 | (59,935 | ) | (219 | ) | ||||||||||||||||
|
| |||||||||||||||||||||||||
$ (780,533 | ) | $ (416,683 | ) | |||||||||||||||||||||||
|
|
CENTRALLY CLEARED SWAP AGREEMENTS: (P) | ||||||||||||||||||||||||||
CREDIT DEFAULT SWAPS ON CREDIT INDICES - BUY PROTECTION: (Q) | ||||||||||||||||||||||||||
Reference Obligation | Fixed Deal Pay Rate | Maturity Date | Currency Code | Notional Amount (R) | Market Value (S) | Premiums Paid | Unrealized (Depreciation) | |||||||||||||||||||
North America High Yield Index - Series 14 | 5.00% | 06/20/2015 | USD | 14,016,000 | $ | (1,261,709 | ) | $ | 198,628 | $ | (1,460,337 | ) | ||||||||||||||
North America High Yield Index - Series 15 | 5.00 | 12/20/2015 | USD | 23,424,000 | (2,274,080 | ) | 755,436 | (3,029,516 | ) | |||||||||||||||||
|
|
|
|
|
| |||||||||||||||||||||
$ | (3,535,789 | ) | $ | 954,064 | $ | (4,489,853 | ) | |||||||||||||||||||
|
|
|
|
|
| |||||||||||||||||||||
INTEREST RATE SWAP AGREEEMENTS - FIXED RATE RECEIVABLE: | ||||||||||||||||||||||||||
Floating Rate Index | Fixed Rate | Maturity Date | Currency Code | Notional Amount | Market Value | Premiums Paid (Received) | Unrealized Appreciation (Depreciation) | |||||||||||||||||||
6-Month AUD BBR BBSW | 3.50% | 03/15/2018 | AUD | 2,800,000 | $ | 30,902 | $ | (6,879 | ) | $ | 37,781 | |||||||||||||||
6-Month AUD BBR BBSW | 3.75 | 12/11/2018 | AUD | 7,800,000 | (120,104 | ) | (17,013 | ) | (103,091 | ) | ||||||||||||||||
6-Month AUD BBR BBSW | 3.75 | 03/15/2023 | AUD | 8,900,000 | (10,339 | ) | (55,964 | ) | 45,625 | |||||||||||||||||
6-Month EURIBOR | 2.00 | 03/21/2017 | EUR | 9,900,000 | 741,937 | 291,142 | 450,795 | |||||||||||||||||||
|
|
|
|
|
| |||||||||||||||||||||
$ | 642,396 | $ | 211,286 | $ | 431,110 | |||||||||||||||||||||
|
|
|
|
|
| |||||||||||||||||||||
INTEREST RATE SWAP AGREEEMENTS - FIXED RATE PAYABLE: | ||||||||||||||||||||||||||
Floating Rate Index | Fixed Rate | Maturity Date | Currency Code | Notional Amount | Market Value | Premiums Paid (Received) | Unrealized (Depreciation) | |||||||||||||||||||
3-Month USD-LIBOR | 0.75% | 06/19/2017 | USD | 31,300,000 | $ | (111,387 | ) | $ | 211,501 | $ | (322,888 | ) | ||||||||||||||
3-Month USD-LIBOR | 1.40 | 03/20/2018 | USD | 29,100,000 | (866,244 | ) | (182,794 | ) | (683,450 | ) | ||||||||||||||||
6-Month EURIBOR | 2.00 | 09/18/2023 | EUR | 2,100,000 | (118,443 | ) | (27,918 | ) | (90,525 | ) | ||||||||||||||||
|
|
|
|
|
| |||||||||||||||||||||
$ | (1,096,074 | ) | $ | 789 | $ | (1,096,863 | ) | |||||||||||||||||||
|
|
|
|
|
|
OVER THE COUNTER SWAP AGREEMENTS: (O) | ||||||||||||||||||||||||||||||
CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - BUY PROTECTION: (Q) | ||||||||||||||||||||||||||||||
Reference Obligation | Fixed Deal Pay Rate | Maturity Date | Counterparty | Implied Credit Spread (BP) at 04/30/13 (T) | Notional Amount (R) | Market Value | Premiums Paid (Received) | Unrealized (Depreciation) | ||||||||||||||||||||||
Time Warner, Inc., | 1.19% | 03/20/2014 | DUB | 6.79 | $ | 20,000 | $ | (228 | ) | $ | — | $ | (228 | ) |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 93
Transamerica Total Return
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
CREDIT DEFAULT SWAPS ON CREDIT INDICES - SELL PROTECTION: (U) | ||||||||||||||||||||||||||||||
Reference Obligation | Fixed Deal Pay Rate | Maturity Date | Counterparty | Currency Code | Notional Amount (R) | Market Value (S) | Premiums (Received) | Unrealized Appreciation | ||||||||||||||||||||||
Dow Jones North America Investment Grade Index - Series 5 | 0.46% | 12/20/2015 | MSC | USD | $ | 3,200,000 | $ | 5,255 | $ | — | $ | 5,255 | ||||||||||||||||||
North America Investment Grade Index - Series 16 | 1.00 | 06/20/2016 | BCLY | USD | 6,000,000 | 121,600 | (35,859 | ) | 157,459 | |||||||||||||||||||||
|
| |||||||||||||||||||||||||||||
$ | 126,855 | $ | (35,859 | ) | $ | 162,714 | ||||||||||||||||||||||||
|
|
INTEREST RATE SWAP AGREEEMENTS - FIXED RATE RECEIVABLE: | ||||||||||||||||||||||||||||||
Floating Rate Index | Fixed Rate | Maturity Date | Counterparty | Currency Code | Notional Amount | Market Value | Premiums Paid (Received) | Unrealized Appreciation (Depreciation) | ||||||||||||||||||||||
6-Month AUD BBR BBSW | 3.75% | 03/15/2018 | DUB | AUD | 10,000,000 | $ | 229,000 | $ | 13,951 | $ | 215,049 | |||||||||||||||||||
6-Month AUD BBR BBSW | 3.75 | 03/15/2018 | GSC | AUD | 5,300,000 | 121,370 | 9,627 | 111,743 | ||||||||||||||||||||||
6-Month AUD BBR BBSW | 5.50 | 12/15/2017 | BCLY | AUD | 3,600,000 | 396,494 | (11,185 | ) | 407,679 | |||||||||||||||||||||
6-Month AUD BBR BBSW (F) | 5.50 | 12/15/2017 | DUB | AUD | 2,200,000 | 242,302 | (6,106 | ) | 248,408 | |||||||||||||||||||||
BRL-CDI | 7.55 | 01/02/2015 | GSC | BRL | 19,700,000 | (91,583 | ) | (41,676 | ) | (49,907 | ) | |||||||||||||||||||
BRL-CDI | 7.62 | 01/02/2015 | DUB | BRL | 5,500,000 | (18,709 | ) | (10,358 | ) | (8,351 | ) | |||||||||||||||||||
BRL-CDI | 7.78 | 01/02/2015 | HSBC | BRL | 53,200,000 | (96,029 | ) | (29,584 | ) | (66,445 | ) | |||||||||||||||||||
BRL-CDI | 7.80 | 01/02/2015 | MSC | BRL | 24,200,000 | (39,453 | ) | (4,913 | ) | (34,540 | ) | |||||||||||||||||||
BRL-CDI | 7.92 | 01/02/2015 | BCLY | BRL | 1,600,000 | (2,143 | ) | (127 | ) | (2,016 | ) | |||||||||||||||||||
BRL-CDI | 8.08 | 01/02/2015 | HSBC | BRL | 8,200,000 | 9,746 | 11,911 | (2,165 | ) | |||||||||||||||||||||
BRL-CDI | 8.43 | 01/02/2015 | DUB | BRL | 2,400,000 | 12,278 | 11,489 | 789 | ||||||||||||||||||||||
BRL-CDI | 8.49 | 01/02/2017 | BNP | BRL | 2,300,000 | (3,901 | ) | — | (3,901 | ) | ||||||||||||||||||||
BRL-CDI (F) | 8.59 | 01/02/2017 | UBS | BRL | 16,700,000 | (48,285 | ) | (16,182 | ) | (32,103 | ) | |||||||||||||||||||
BRL-CDI | 8.60 | 01/02/2017 | BCLY | BRL | 11,000,000 | (24,127 | ) | 5,917 | (30,044 | ) | ||||||||||||||||||||
BRL-CDI | 8.63 | 01/02/2015 | MSC | BRL | 10,900,000 | 77,925 | 67,372 | 10,553 | ||||||||||||||||||||||
BRL-CDI | 8.90 | 01/02/2017 | HSBC | BRL | 17,800,000 | 79,329 | (15,357 | ) | 94,686 | |||||||||||||||||||||
BRL-CDI | 8.90 | 01/02/2017 | UBS | BRL | 6,500,000 | 19,809 | (6,260 | ) | 26,069 | |||||||||||||||||||||
BRL-CDI (F) | 9.11 | 01/02/2017 | BCLY | BRL | 5,100,000 | 20,281 | — | 20,281 | ||||||||||||||||||||||
BRL-CDI (F) | 9.14 | 01/02/2017 | MSC | BRL | 4,200,000 | 18,271 | — | 18,271 | ||||||||||||||||||||||
BRL-CDI (F) | 9.21 | 01/02/2017 | DUB | BRL | 6,000,000 | 31,671 | 8,133 | 23,538 | ||||||||||||||||||||||
BRL-CDI (F) | 9.93 | 01/02/2015 | MSC | BRL | 26,200,000 | 546,634 | 7,201 | 539,433 | ||||||||||||||||||||||
BRL-CDI | 9.93 | 01/02/2015 | UBS | BRL | 22,600,000 | 471,523 | 11,373 | 460,150 | ||||||||||||||||||||||
BRL-CDI (F) | 9.94 | 01/02/2015 | GSC | BRL | 21,600,000 | 453,064 | — | 453,064 | ||||||||||||||||||||||
BRL-CDI | 10.61 | 01/02/2015 | MSC | BRL | 10,600,000 | 295,677 | 40,252 | 255,425 | ||||||||||||||||||||||
MXN TIIE Banxico | 7.50 | 06/02/2021 | UBS | MXN | 80,200,000 | 1,132,548 | 218,219 | 914,329 | ||||||||||||||||||||||
|
| |||||||||||||||||||||||||||||
$ | 3,833,692 | $ | 263,697 | $ | 3,569,995 | |||||||||||||||||||||||||
|
|
FUTURES CONTRACTS: | ||||||||||||||
Description | Type | Contracts | Expiration Date | Unrealized (Depreciation) | ||||||||||
10-Year U.S. Treasury Note | Short | (6 | ) | 06/19/2013 | $ | (10,928 | ) | |||||||
5-Year U.S. Treasury Note | Short | (34 | ) | 06/28/2013 | (43,077 | ) | ||||||||
Euro OAT | Short | (25 | ) | 06/06/2013 | (184,730 | ) | ||||||||
|
| |||||||||||||
$ | (238,735 | ) | ||||||||||||
|
|
FORWARD FOREIGN CURRENCY CONTRACTS: (O) | ||||||||||||||||||
Currency | Counterparty | Contracts Bought (Sold) | Settlement Date | Amount in U.S. Dollars Bought (Sold) | Net Unrealized Appreciation (Depreciation) | |||||||||||||
AUD | BCLY | (194,000 | ) | 05/02/2013 | $ | (201,144 | ) | $ | 56 | |||||||||
AUD | DUB | (15,907,000 | ) | 05/02/2013 | (16,288,052 | ) | (200,081 | ) | ||||||||||
AUD | UBS | (16,101,000 | ) | 06/13/2013 | (16,643,604 | ) | 7,174 | |||||||||||
BRL | BOA | (5,036,052 | ) | 06/04/2013 | (2,505,000 | ) | (1,746 | ) | ||||||||||
BRL | GSC | 726,495 | 06/04/2013 | 357,000 | 4,620 | |||||||||||||
BRL | HSBC | (870,460 | ) | 06/04/2013 | (433,000 | ) | (280 | ) | ||||||||||
BRL | MSC | 726,352 | 06/04/2013 | 357,000 | 4,549 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 94
Transamerica Total Return
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
FORWARD FOREIGN CURRENCY CONTRACTS (continued): (O) | ||||||||||||||||||
Currency | Counterparty | Contracts Bought (Sold) | Settlement Date | Amount in U.S. Dollars Bought (Sold) | Net Unrealized Appreciation (Depreciation) | |||||||||||||
BRL | UBS | (3,112,099 | ) | 06/04/2013 | $ | (1,548,000 | ) | $ | (1,079 | ) | ||||||||
BRL | UBS | 2,252,714 | 06/04/2013 | 1,122,428 | (1,117 | ) | ||||||||||||
CAD | RBS | (8,082,000 | ) | 06/20/2013 | (7,849,612 | ) | (163,025 | ) | ||||||||||
CNY | BCLY | (8,433,558 | ) | 08/05/2013 | (1,343,779 | ) | (17,503 | ) | ||||||||||
CNY | DUB | 2,000,000 | 08/05/2013 | 319,285 | 3,540 | |||||||||||||
CNY | UBS | 7,077,510 | 08/05/2013 | 1,120,746 | 21,653 | |||||||||||||
EUR | BCLY | (70,000 | ) | 05/02/2013 | (91,103 | ) | (1,084 | ) | ||||||||||
EUR | BNP | 33,401,000 | 05/02/2013 | 43,404,599 | 583,442 | |||||||||||||
EUR | HSBC | (34,072,000 | ) | 05/02/2013 | �� | (43,826,132 | ) | (1,045,595 | ) | |||||||||
EUR | MSC | 741,000 | 05/02/2013 | 952,435 | 23,438 | |||||||||||||
EUR | BNP | (33,401,000 | ) | 06/04/2013 | (43,414,019 | ) | (583,331 | ) | ||||||||||
EUR | JPM | (14,500,000 | ) | 06/14/2013 | (18,744,186 | ) | (357,192 | ) | ||||||||||
EUR | HSBC | (6,000,000 | ) | 09/13/2013 | (7,531,500 | ) | (378,087 | ) | ||||||||||
EUR | JPM | (13,700,000 | ) | 09/13/2013 | (17,009,920 | ) | (1,050,304 | ) | ||||||||||
EUR | JPM | (864,000 | ) | 10/11/2013 | (1,065,787 | ) | (73,454 | ) | ||||||||||
EUR | JPM | (216,000 | ) | 10/11/2013 | (261,992 | ) | (22,819 | ) | ||||||||||
EUR | JPM | 1,080,000 | 10/11/2013 | 1,405,620 | 18,432 | |||||||||||||
GBP | DUB | (2,200,000 | ) | 06/12/2013 | (3,354,981 | ) | (61,433 | ) | ||||||||||
GBP | RBS | (5,958,000 | ) | 06/12/2013 | (9,008,377 | ) | (243,895 | ) | ||||||||||
JPY | JPM | (532,687,000 | ) | 05/15/2013 | (5,444,331 | ) | (20,373 | ) | ||||||||||
MXN | HSBC | 70,392,024 | 06/27/2013 | 5,456,661 | 312,916 | |||||||||||||
MXN | MSC | (22,349,124 | ) | 06/27/2013 | (1,834,000 | ) | 2,187 | |||||||||||
MXN | MSC | (23,842,566 | ) | 06/27/2013 | (1,958,000 | ) | 3,779 | |||||||||||
MXN | UBS | (14,419,469 | ) | 06/27/2013 | (1,183,000 | ) | 1,130 | |||||||||||
MXN | UBS | (23,852,160 | ) | 06/27/2013 | (1,958,000 | ) | 2,993 | |||||||||||
MXN | UBS | 596,000 | 06/27/2013 | 49,066 | (215 | ) | ||||||||||||
NOK | HSBC | 15,778,000 | 05/15/2013 | 2,854,881 | (120,352 | ) | ||||||||||||
|
| |||||||||||||||||
$ | (3,353,056 | ) | ||||||||||||||||
|
|
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 April 30, 2013:
Counterparty | Total Market Value of OTC Derivatives | Collateral (Received) Pledged | Net Exposures(1) | |||||||||
BCLY | $ | 486,667 | $ | (380,000 | ) | $ | 106,667 | |||||
BNP | (3,790 | ) | — | (3,790 | ) | |||||||
BOA | (1,746 | ) | — | (1,746 | ) | |||||||
CITI | (29 | ) | — | (29 | ) | |||||||
DUB | 199,173 | (280,000 | ) | (80,827 | ) | |||||||
GSC | 471,914 | (270,000 | ) | 201,914 | ||||||||
HSBC | (1,238,352 | ) | 669,325 | (569,027 | ) | |||||||
JPM | (1,505,710 | ) | 1,289,626 | (216,084 | ) | |||||||
MSC | 872,970 | (720,000 | ) | 152,970 | ||||||||
RBS | (339,588 | ) | — | (339,588 | ) | |||||||
UBS | 1,606,134 | (1,410,000 | ) | 196,134 |
(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:
(A) | All or a portion of this security has been segregated by the custodian with the broker as collateral for centrally cleared swaps. Total value of securities segregated as collateral to cover centrally cleared swaps is $2,347,976. |
(B) | All or a portion of this security has been segregated by the custodian with the broker as collateral to cover margin requirements for open futures contracts. Total value of securities segregated as collateral to cover margin requirements for open futures contracts is $158,989. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 95
Transamerica Total Return
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
NOTES TO SCHEDULE OF INVESTMENTS (continued):
(C) | All or a portion of this security has been segregated by the custodian with the broker as collateral for open swap, swaptions and/or forward foreign currency contracts. Total value of securities segregated for open swap, swaptions and/or forward foreign currency contracts is $1,958,950. |
(D) | Security is subject to dollar roll transactions. |
(E) | Floating or variable rate note. Rate is listed as of April 30, 2013. |
(F) | Illiquid. Total aggregate market value of illiquid securities is $6,584,156, or 0.98% of the fund’s net assets, and total aggregate market value of illiquid derivatives is $1,263,938, or 0.19% of the fund’s net assets. |
(G) | All or a portion of this security is on loan. The value of all securities on loan is $8,776,277. The amount of securities on loan indicated may not correspond with the securities on loan identified because securities with pending sales are in the process of recall from the brokers. |
(H) | The security has a perpetual maturity. The date shown is the next call date. |
(I) | 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 $868,912, or 0.13% of the fund’s net assets. |
(J) | Percentage rounds to less than 0.1%. |
(K) | Rate shown reflects the yield at April 30, 2013. |
(L) | All or portion of this security represents unsettled loan commitment at April 30, 2013 where the rate will be determined at time of settlement. |
(M) | Aggregate cost for federal income tax purposes is $762,350,538. Aggregate gross unrealized appreciation and depreciation for all securities in which there is an excess of value over tax cost were $40,070,084 and $4,703,490, respectively. Net unrealized appreciation for tax purposes is $35,366,594. |
(N) | Cash in the amount of $1,615,000 has been segregated by the broker with the custodian as collateral for open TBA short commitment transactions. |
(O) | Cash in the amount of $3,060,000 has been segregated by the broker with the custodian as collateral for open swap, swaptions and/or forward foreign currency contracts. |
(P) | Cash in the amount of $320,000 has been segregated by the broker with the custodian as collateral for centrally cleared swaps. |
(Q) | 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 obligation 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 obligation. |
(R) | 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. |
(S) | 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 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. |
(T) | 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. |
(U) | 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 obligation 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 obligation. |
DEFINITIONS:
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 April 30, 2013, these securities aggregated $75,825,503, or 11.24% of the fund’s net assets. | |
AGM | Assured Guaranty Municipal Corporation | |
BBA | British Bankers’ Association | |
BBR BBSW | Bank Bill Rate - Bank Bill Swap Reference Rate | |
BCLY | Barclays Bank PLC | |
BNP | BNP Paribas | |
BOA | Bank of America | |
BP | Basis Point | |
CDI | Credit Default Index | |
CDO | Collateralized Debt Obligation | |
CITI | Citigroup, Inc. | |
CLO | Collateralized Loan Obligation |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 96
Transamerica Total Return
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
DEFINITIONS (continued):
DUB | Deutsche Bank AG | |
EMTN | European Medium Term Note | |
EURIBOR | Euro InterBank Offered Rate | |
GMTN | Global Medium Term Note | |
GSC | Goldman Sachs & Co. | |
HSBC | HSBC Bank USA | |
IO | Interest Only | |
JPM | JPMorgan Chase Bank | |
LIBOR | London Interbank Offered Rate | |
MSC | Morgan Stanley | |
MTN | Medium Term Note | |
MXN TIIE Banxico | Tasa de Interés Interbancaria de Equilibrio (Interbank Equilibrium Interest Rate) (“TIIE”) for MXNde Equilibrio by the Banco de México | |
OAO | Otkrytoe Aktsionernoe Obschestvo (Russian: Open Joint Stock Corporation) | |
OAT | Obligations Assimilables du Tresor | |
OTC | Over the Counter | |
RBS | Royal Bank of Scotland Group PLC | |
REMIC | Real Estate Mortgage Investment Conduits (consist of a fixed pool of mortgages broken apart and marketed to investors as individual securities) | |
Reg S | Security exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside the United States. Security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933. | |
TBA | To Be Announced | |
UBS | UBS AG |
CURRENCY ABBREVIATIONS:
AUD | Australian Dollar | |
BRL | Brazilian Real | |
CAD | Canadian Dollar | |
CNY | Chinese Yuan Renminbi | |
EUR | Euro | |
GBP | Pound Sterling | |
JPY | Japanese Yen | |
MXN | Mexican Peso | |
NOK | Norwegian Krone | |
USD | United States Dollar |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 97
Transamerica Total Return
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
VALUATION SUMMARY: (V)
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
ASSETS | ||||||||||||||||
Investment Securities | ||||||||||||||||
U.S. Government Obligations | $ | — | $ | 242,406,427 | $ | — | $ | 242,406,427 | ||||||||
U.S. Government Agency Obligations | — | 191,620,172 | — | 191,620,172 | ||||||||||||
Foreign Government Obligations | — | 60,452,330 | — | 60,452,330 | ||||||||||||
Mortgage-Backed Securities | — | 60,983,465 | — | 60,983,465 | ||||||||||||
Asset-Backed Securities | — | 32,916,437 | — | 32,916,437 | ||||||||||||
Municipal Government Obligations | — | 46,000,318 | — | 46,000,318 | ||||||||||||
Corporate Debt Securities | ||||||||||||||||
Airlines | — | 2,301,750 | — | 2,301,750 | ||||||||||||
Automobiles | — | 9,862,506 | — | 9,862,506 | ||||||||||||
Capital Markets | — | 11,818,059 | — | 11,818,059 | ||||||||||||
Commercial Banks | — | 27,310,611 | — | 27,310,611 | ||||||||||||
Consumer Finance | — | 3,161,907 | — | 3,161,907 | ||||||||||||
Diversified Financial Services | — | 31,221,099 | 0 | 31,221,099 | ||||||||||||
Diversified Telecommunication Services | — | 214,005 | — | 214,005 | ||||||||||||
Energy Equipment & Services | — | 1,874,250 | — | 1,874,250 | ||||||||||||
Household Durables | — | 122,000 | — | 122,000 | ||||||||||||
Insurance | — | 2,184,766 | — | 2,184,766 | ||||||||||||
Metals & Mining | — | 321,000 | — | 321,000 | ||||||||||||
Oil, Gas & Consumable Fuels | — | 7,388,125 | — | 7,388,125 | ||||||||||||
Paper & Forest Products | — | 2,987,968 | — | 2,987,968 | ||||||||||||
Tobacco | — | 2,840,072 | — | 2,840,072 | ||||||||||||
Trading Companies & Distributors | — | 7,854,000 | — | 7,854,000 | ||||||||||||
Transportation Infrastructure | — | 214,515 | — | 214,515 | ||||||||||||
Commercial Paper | — | 16,628,102 | — | 16,628,102 | ||||||||||||
Loan Assignments | — | 1,990,000 | — | 1,990,000 | ||||||||||||
Short-Term U.S. Government Obligations | — | 1,078,961 | — | 1,078,961 | ||||||||||||
Convertible Preferred Stock | 2,111,600 | — | — | 2,111,600 | ||||||||||||
Preferred Stock | ||||||||||||||||
Thrifts & Mortgage Finance | — | — | 868,912 | 868,912 | ||||||||||||
Purchased Swaption | — | 357,063 | — | 357,063 | ||||||||||||
Securities Lending Collateral | 8,958,713 | — | — | 8,958,713 | ||||||||||||
Repurchase Agreements | — | 19,667,999 | — | 19,667,999 | ||||||||||||
Total Investment Securities | $ | 11,070,313 | $ | 785,777,907 | $ | 868,912 | $ | 797,717,132 | ||||||||
Derivative Financial Instruments | ||||||||||||||||
Credit Default Swap Agreements | $ | — | $ | 162,714 | $ | — | $ | 162,714 | ||||||||
Forward Foreign Currency Contracts | — | 989,909 | — | 989,909 | ||||||||||||
Interest Rate Swap Agreements | 534,201 | 3,799,467 | — | 4,333,668 | ||||||||||||
Total Derivative Financial Instruments | $ | 534,201 | $ | 4,952,090 | $ | — | $ | 5,486,291 | ||||||||
Other Assets (W) | ||||||||||||||||
Foreign Currency | $ | 850,741 | $ | — | $ | — | $ | 850,741 | ||||||||
Total Other Assets | $ | 850,741 | $ | — | $ | — | $ | 850,741 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 98
Transamerica Total Return
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
VALUATION SUMMARY (continued): (V)
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
LIABILITIES | ||||||||||||||||
TBA Short Commitments | ||||||||||||||||
U.S. Government Agency Obligations | $ | — | $ | (43,780,000 | ) | $ | — | $ | (43,780,000 | ) | ||||||
Total TBA Short Commitments | $ | — | $ | (43,780,000 | ) | $ | — | $ | (43,780,000 | ) | ||||||
Derivative Financial Instruments | ||||||||||||||||
Credit Default Swap Agreements (X) | $ | (4,489,853 | ) | $ | (228 | ) | $ | — | $ | (4,490,081 | ) | |||||
Forward Foreign Currency Contracts (X) | — | (4,342,965 | ) | — | (4,342,965 | ) | ||||||||||
Futures Contracts (X) | (238,735 | ) | — | — | (238,735 | ) | ||||||||||
Interest Rate Swap Agreements (X) | (1,199,954 | ) | (229,472 | ) | — | (1,429,426 | ) | |||||||||
Written Swaptions | — | (416,683 | ) | — | (416,683 | ) | ||||||||||
Total Derivative Financial Instruments | $ | (5,928,542 | ) | $ | (4,989,348 | ) | $ | — | $ | (10,917,890 | ) | |||||
Other Liabilities (W) | ||||||||||||||||
Cash Deposit due to Broker | $ | — | $ | (4,995,000 | ) | $ | — | $ | (4,995,000 | ) | ||||||
Collateral for Securities on Loan | — | (8,958,713 | ) | — | (8,958,713 | ) | ||||||||||
Total Other Liabilities | $ | — | $ | (13,953,713 | ) | $ | — | $ | (13,953,713 | ) |
(V) | Transfers between levels are considered to have occurred at the end of the reporting period. There were no transfers between Levels 1 and 2 during the period ended April 30, 2013. See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
(W) | Certain assets and liabilities are held at carrying amount or face value, which approximates fair value for financial reporting purposes. |
(X) | Other financial instruments are derivative instruments that are valued at unrealized appreciation (depreciation) on the instrument. |
Level 3 Rollforward - Investment Securities
Securities | Beginning Balance at October 31, 2012 | Purchases | Sales | Accrued Discounts (Premiums) | Total Realized Gain (Loss) | Net Change in Unrealized Appreciation (Depreciation) (Y) | Transfers into Level 3 | Transfers out of Level 3 | Ending Balance at April 30, 2013 (Z) | Net Change in Unrealized Appreciation (Depreciation) on Investments Held at April 30, 2013 (Y) | ||||||||||||||||||||||||||||||
Preferred Stocks | $ | 873,003 | $ | — | $ | — | $ | — | $ | — | $ | (4,091 | ) | $ | — | $ | — | $ | 868,912 | $ | (4,091 | ) | ||||||||||||||||||
Corporate Debt | 0 | — | — | — | — | — | — | — | 0 | — | ||||||||||||||||||||||||||||||
Total | $ | 873,003 | $ | — | $ | — | $ | — | $ | — | $ | (4,091 | ) | $ | — | $ | — | $ | 868,912 | $ | (4,091 | ) |
(Y) | Any difference between Net Change in Unrealized Appreciation (Depreciation) and Net Change in Unrealized Appreciation (Depreciation) on Investments Held at April 30, 2013 may be due to an investment no longer held or categorized as Level 3 at period end. |
(Z) | Inputs used in the valuation of the Level 3 securities were not considered significant unobservable inputs. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 99
Transamerica Value
SCHEDULE OF INVESTMENTS
At April 30, 2013
(unaudited)
Principal | Value | |||||||
SHORT-TERM U.S. GOVERNMENT OBLIGATION - 2.5% |
| |||||||
United States - 2.5% | ||||||||
U.S. Treasury Bill | $ 10,000,000 | $ 9,998,938 | ||||||
|
| |||||||
Total Short-Term U.S. Government Obligation |
| 9,998,938 | ||||||
|
| |||||||
Shares | Value | |||||||
COMMON STOCKS - 86.0% | ||||||||
France - 3.4% | ||||||||
Sanofi | 86,950 | 9,529,426 | ||||||
Vivendi SA | 185,000 | 4,190,536 | ||||||
Germany - 0.7% | ||||||||
Lanxess AG | 38,000 | 2,767,440 | ||||||
Hong Kong - 12.2% | ||||||||
Cheung Kong Holdings, Ltd. | 1,009,153 | 15,215,028 | ||||||
Henderson Land Development Co., Ltd. | 1,884,727 | 13,685,865 | ||||||
Hutchison Whampoa, Ltd. | 1,320,888 | 14,323,528 | ||||||
Wheelock & Co., Ltd. | 1,087,000 | 6,072,235 | ||||||
Japan - 8.2% | ||||||||
Daiwa Securities Group, Inc. | 690,000 | 6,108,324 | ||||||
Mitsui Fudosan Co., Ltd. | 234,462 | 7,960,909 | ||||||
Toyota Industries Corp. | 460,107 | 18,784,694 | ||||||
Korea, Republic of - 3.1% | ||||||||
POSCO - ADR | 174,261 | 12,545,049 | ||||||
Sweden - 2.5% | ||||||||
Investor AB - Class B | 342,350 | 10,089,237 | ||||||
Switzerland - 2.8% | ||||||||
Pargesa Holding SA | 163,000 | 11,359,862 | ||||||
United Kingdom - 1.7% | ||||||||
Segro PLC - REIT | 1,633,400 | 6,759,212 | ||||||
United States - 51.4% | ||||||||
Alamo Group, Inc. (B) | 18,983 | 760,649 | ||||||
Alleghany Corp. (C) | 20,200 | 7,953,548 | ||||||
Allscripts Healthcare Solutions, Inc. (C) | 95,000 | 1,314,800 | ||||||
Apache Corp. | 56,500 | 4,174,220 | ||||||
Applied Materials, Inc. - Class A | 839,461 | 12,180,579 | ||||||
AVX Corp. | 819,541 | 9,269,009 | ||||||
Bank of New York Mellon Corp. | 570,052 | 16,086,867 | ||||||
Bristow Group, Inc. | 97,685 | 6,173,692 | ||||||
Brookfield Asset Management, Inc. - Class A (B) | 480,036 | 18,524,589 | ||||||
Brookfield Property Partners, LP (B) (C) | 26,692 | 589,359 | ||||||
Capital Southwest Corp. | 19,256 | 2,266,239 | ||||||
Comerica, Inc. - Class A (B) | 338,000 | 12,252,500 | ||||||
Devon Energy Corp. - Class A | 263,000 | 14,480,780 |
Shares | Value | |||||||
United States (continued) |
| |||||||
Electronics for Imaging, Inc. - | 247,436 | $ 6,611,490 | ||||||
EnCana Corp. | 367,000 | 6,771,150 | ||||||
Forest City Enterprises, Inc. - | 539,836 | 10,078,738 | ||||||
Haemonetics Corp. (B) (C) | 42,000 | 1,617,000 | ||||||
Intel Corp. | 370,961 | 8,884,516 | ||||||
Investment Technology Group, Inc. (C) | 324,815 | 3,537,235 | ||||||
KeyCorp | 1,140,000 | 11,365,800 | ||||||
Leucadia National Corp. | 296,000 | 9,143,440 | ||||||
Lowe’s Cos., Inc. | 109,000 | 4,187,780 | ||||||
NVIDIA Corp. | 380,000 | 5,232,600 | ||||||
SEACOR Holdings, Inc. | 39,870 | 2,875,026 | ||||||
Symantec Corp. (C) | 205,000 | 4,981,500 | ||||||
Tejon Ranch Co. (B) (C) | 86,299 | 2,518,205 | ||||||
Tellabs, Inc. | 941,479 | 1,948,862 | ||||||
Westwood Holdings Group, Inc. (B) | 99,253 | 4,337,356 | ||||||
Weyerhaeuser Co. - REIT | 205,000 | 6,254,550 | ||||||
White Mountains Insurance | 18,000 | 10,409,580 | ||||||
|
| |||||||
Total Common Stocks (cost $356,389,145) |
| 346,173,004 | ||||||
|
| |||||||
SECURITIES LENDING COLLATERAL - 2.8% |
| |||||||
State Street Navigator Securities Lending Trust - Prime | 11,175,272 | 11,175,272 | ||||||
|
| |||||||
Total Securities Lending Collateral (cost $11,175,272) |
| 11,175,272 | ||||||
|
| |||||||
Principal | Value | |||||||
REPURCHASE AGREEMENT - 12.0% | ||||||||
State Street Bank & Trust Co. 0.03% (A), dated 04/30/2013, to be repurchased at $48,389,232 on 05/01/2013. Collateralized by U.S. Government Agency Obligations, 2.42% - 3.50%, due 04/01/2034 - 11/25/2038, and with a total value of $49,357,386. | $ 48,389,192 | 48,389,192 | ||||||
|
| |||||||
Total Repurchase Agreement (cost $48,389,192) |
| 48,389,192 | ||||||
|
| |||||||
Total Investment Securities (cost $425,952,547) (D) |
| 415,736,406 | ||||||
Other Assets and Liabilities - Net |
| (13,183,575 | ) | |||||
|
| |||||||
Net Assets | $ 402,552,831 | |||||||
|
|
INVESTMENTS BY INDUSTRY: | Percentage of Total Investment Securities | Value | ||||||
Real Estate Management & Development | 18.0 | % | $ | 74,644,928 | ||||
Capital Markets | 7.8 | 32,336,021 | ||||||
Diversified Financial Services | 7.4 | 30,592,539 | ||||||
Semiconductors & Semiconductor Equipment | 6.3 | 26,297,695 | ||||||
Oil, Gas & Consumable Fuels | 6.1 | 25,426,150 | ||||||
Commercial Banks | 5.7 | 23,618,300 | ||||||
Auto Components | 4.5 | 18,784,694 | ||||||
Insurance | 4.4 | 18,363,128 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 100
Transamerica Value
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
INVESTMENTS BY INDUSTRY (continued): | Percentage of Total Investment Securities | Value | ||||||
Industrial Conglomerates | 3.4 | % | $ | 14,323,528 | ||||
Real Estate Investment Trusts | 3.1 | 13,013,762 | ||||||
Metals & Mining | 3.0 | 12,545,049 | ||||||
Pharmaceuticals | 2.3 | 9,529,426 | ||||||
Electronic Equipment & Instruments | 2.2 | 9,269,009 | ||||||
Energy Equipment & Services | 2.2 | 9,048,718 | ||||||
Computers & Peripherals | 1.6 | 6,611,490 | ||||||
Software | 1.2 | 4,981,500 | ||||||
Media | 1.0 | 4,190,536 | ||||||
Specialty Retail | 1.0 | 4,187,780 | ||||||
Chemicals | 0.7 | 2,767,440 | ||||||
Communications Equipment | 0.5 | 1,948,862 | ||||||
Health Care Equipment & Supplies | 0.4 | 1,617,000 | ||||||
Health Care Technology | 0.3 | 1,314,800 | ||||||
Machinery | 0.2 | 760,649 | ||||||
|
|
|
| |||||
Investment Securities, at Value | 83.3 | 346,173,004 | ||||||
Short-Term Investments | 16.7 | 69,563,402 | ||||||
|
|
|
| |||||
Total Investments | 100.0 | % | $ | 415,736,406 | ||||
|
|
|
|
NOTES TO SCHEDULE OF INVESTMENTS:
(A) | Rate shown reflects the yield at April 30, 2013. |
(B) | All or a portion of this security is on loan. The value of all securities on loan is $10,921,947. The amount of securities on loan indicated may not correspond with the securities on loan identified because securities with pending sales are in the process of recall from the brokers. |
(C) | Non-income producing security. |
(D) | Aggregate cost for federal income tax purposes is $425,952,547. Aggregate gross unrealized appreciation and depreciation for all securities in which there is an excess of value over tax cost were $39,912,179 and $50,128,320, respectively. Net unrealized depreciation for tax purposes is $10,216,141. |
DEFINITIONS:
ADR | American Depositary Receipt | |
REIT | Real Estate Investment Trust (includes domestic REITs and Foreign Real Estate Investment Companies) |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 101
Transamerica Value
SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
VALUATION SUMMARY: (E)
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
ASSETS | ||||||||||||||||
Investment Securities | ||||||||||||||||
Short-Term U.S. Government Obligation | $ | — | $ | 9,998,938 | $ | — | $ | 9,998,938 | ||||||||
Common Stocks | 219,326,708 | 126,846,296 | — | 346,173,004 | ||||||||||||
Securities Lending Collateral | 11,175,272 | — | — | 11,175,272 | ||||||||||||
Repurchase Agreement | — | 48,389,192 | — | 48,389,192 | ||||||||||||
Total Investment Securities | $ | 230,501,980 | $ | 185,234,426 | $ | — | $ | 415,736,406 | ||||||||
Other Assets (F) | ||||||||||||||||
Foreign Currency | $ | 200,950 | $ | — | $ | — | $ | 200,950 | ||||||||
Total Other Assets | $ | 200,950 | $ | — | $ | — | $ | 200,950 | ||||||||
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
LIABILITIES | ||||||||||||||||
Other Liabilities (F) | ||||||||||||||||
Collateral for Securities on Loan | $ | — | $ | (11,175,272 | ) | $ | — | $ | (11,175,272 | ) | ||||||
Total Other Liabilities | $ | — | $ | (11,175,272 | ) | $ | — | $ | (11,175,272 | ) |
(E) | Transfers between levels are considered to have occurred at the end of the reporting period. There were no transfers between Levels 1 and 2 during the period ended April 30, 2013. See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
(F) | Certain assets and liabilities are held at carrying amount or face value, which approximates fair value for financial reporting purposes. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 102
STATEMENTS OF ASSETS AND LIABILITIES
At April 30, 2013
(unaudited)
Transamerica Arbitrage Strategy | Transamerica Bond | Transamerica Core Bond | Transamerica Developing Markets Equity | |||||||||||||
Assets: | ||||||||||||||||
Investment securities, at value | $ | 89,643,027 | $ | 877,127,240 | $ | 1,245,598,272 | $ | 548,284,749 | ||||||||
Repurchase agreements, at value | 12,584,167 | 28,553,125 | 16,855,795 | 20,906,806 | ||||||||||||
Cash on deposit with broker | 31,226,938 | — | — | — | ||||||||||||
Cash | 97,872 | 19,680 | 2,654 | — | ||||||||||||
Foreign currency, at value | 25 | 128,666 | — | 198,915 | ||||||||||||
Unrealized appreciation on forward foreign currency contracts | 38,032 | — | — | — | ||||||||||||
Unrealized appreciation on swap agreements | 155,667 | — | — | — | ||||||||||||
Receivables: | ||||||||||||||||
Shares of beneficial interest sold | 102 | 224,883 | 5,558 | 2,141 | ||||||||||||
Investment securities sold | 1,799,231 | 271,183 | 49,878,665 | 558,087 | ||||||||||||
Interest | 44 | 9,842,724 | 5,745,132 | 18 | ||||||||||||
Dividends | — | 161,421 | — | 995,454 | ||||||||||||
Dividend reclaims | 1,872 | — | — | 5,363 | ||||||||||||
Securities lending income (net) | — | 26,792 | 8,860 | 14,573 | ||||||||||||
Prepaid expenses | 570 | 2,184 | 5,366 | 2,221 | ||||||||||||
Total assets | 135,547,547 | 916,357,898 | 1,318,100,302 | 570,968,327 | ||||||||||||
Liabilities: | ||||||||||||||||
Accounts payable and accrued liabilities: | ||||||||||||||||
Shares of beneficial interest redeemed | 648 | 208,533 | 669,283 | 26,364 | ||||||||||||
Investment securities purchased | 4,771,369 | 7,902,745 | 790,343 | 1,194,667 | ||||||||||||
When-issued securities purchased | — | — | 124,000 | — | ||||||||||||
Management and advisory fees | 87,959 | 457,147 | 484,389 | 525,277 | ||||||||||||
Dividends from securities sold short | 46,217 | — | — | — | ||||||||||||
Transfer agent fees | 702 | 5,402 | 8,558 | 3,510 | ||||||||||||
Trustees fees | 310 | 1,736 | 6,788 | 533 | ||||||||||||
Administration fees | 2,340 | 18,009 | 28,526 | 11,699 | ||||||||||||
Capital gains tax | — | — | — | 289,943 | ||||||||||||
Other | 65,736 | 31,501 | 108,646 | 87,553 | ||||||||||||
Collateral for securities on loan | — | 95,689,384 | 75,077,741 | 41,420,121 | ||||||||||||
Written options, at value | 169,598 | — | — | — | ||||||||||||
Securities sold short, at value | 28,127,358 | — | — | — | ||||||||||||
Unrealized depreciation on forward foreign currency contracts | 149,342 | — | — | — | ||||||||||||
Unrealized depreciation on swap agreements | 134,769 | — | — | — | ||||||||||||
Total liabilities | 33,556,348 | 104,314,457 | 77,298,274 | 43,559,667 | ||||||||||||
Net assets | $ | 101,991,199 | $ | 812,043,441 | $ | 1,240,802,028 | $ | 527,408,660 | ||||||||
Net assets consist of: | ||||||||||||||||
Shares of beneficial interest, unlimited shares authorized, no par value | $ | 104,612,544 | $ | 716,227,673 | $ | 1,141,218,660 | $ | 497,655,695 | ||||||||
Undistributed (accumulated) net investment income (loss) | (260,330 | ) | 2,311,759 | 92,392 | 495,511 | |||||||||||
Undistributed (accumulated) net realized gain (loss) from investment securities, investments sold short, written option contracts, swap agreements and foreign currency transactions | (1,248,620 | ) | 4,341,441 | 26,398,800 | 2,594,448 | |||||||||||
Net unrealized appreciation (depreciation) on: | ||||||||||||||||
Investment securities | 1,217,247 | 89,137,929 | 73,092,176 | 26,701,422 | ||||||||||||
Options written | 2,967 | — | — | — | ||||||||||||
Swap agreements | 20,898 | — | — | — | ||||||||||||
Translation of assets and liabilities denominated in foreign currencies | (117,006 | ) | 24,639 | — | (38,416 | ) | ||||||||||
Investments sold short | (2,236,501 | ) | — | — | — | |||||||||||
Net assets | $ | 101,991,199 | $ | 812,043,441 | $ | 1,240,802,028 | $ | 527,408,660 | ||||||||
Shares outstanding | 10,340,834 | 73,470,877 | 115,458,631 | 46,302,101 | ||||||||||||
Net asset value and offering price per share | $ | 9.86 | $ | 11.05 | $ | 10.75 | $ | 11.39 | ||||||||
Investment securities, at cost | $ | 88,425,780 | $ | 787,989,311 | $ | 1,172,506,096 | $ | 521,293,384 | ||||||||
Repurchase agreements, at cost | $ | 12,584,167 | $ | 28,553,125 | $ | 16,855,795 | $ | 20,906,806 | ||||||||
Foreign currency, at cost | $ | 25 | $ | 129,069 | $ | — | $ | 236,712 | ||||||||
Securities loaned, at value | $ | — | $ | 93,731,997 | $ | 73,549,621 | $ | 39,765,713 | ||||||||
Premium received on written option and swaption contracts | $ | 172,565 | $ | — | $ | — | $ | — | ||||||||
Proceeds received from securities sold short | $ | 25,890,857 | $ | — | $ | — | $ | — |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 103
STATEMENTS OF ASSETS AND LIABILITIES (continued)
At April 30, 2013
(unaudited)
Transamerica Global Real Estate Securities | Transamerica Growth | Transamerica International | Transamerica International Equity Opportunities | Transamerica International Small Cap | ||||||||||||||||
Assets: | ||||||||||||||||||||
Investment securities, at value | $ | 210,295,158 | $ | 627,048,039 | $ | 386,980,011 | $ | 252,601,756 | $ | 389,449,617 | ||||||||||
Repurchase agreements, at value | 2,029,108 | 5,212,300 | 13,817,958 | 2,949,747 | 10,843,831 | |||||||||||||||
Foreign currency, at value | 41,222 | — | 104,730 | 113,762 | 2,535,005 | |||||||||||||||
Unrealized appreciation on forward foreign currency contracts | — | — | — | — | 375 | |||||||||||||||
Receivables: | ||||||||||||||||||||
Shares of beneficial interest sold | 6,431 | 4,337 | 1,416 | 1,948 | 1,791 | |||||||||||||||
Investment securities sold | 26,059 | 5,822,653 | 448,043 | 338,252 | 1,720,793 | |||||||||||||||
Interest | 2 | 4 | 12 | 2 | 9 | |||||||||||||||
Dividends | 370,406 | 190,454 | 1,031,237 | 1,011,899 | 1,287,134 | |||||||||||||||
Dividend reclaims | 74,418 | 23,464 | 449,491 | 260,521 | 113,937 | |||||||||||||||
Securities lending income (net) | 3,819 | 6,690 | 40,559 | 19,641 | 19,141 | |||||||||||||||
Prepaid expenses | 504 | 2,090 | 1,180 | 1,062 | 1,272 | |||||||||||||||
Total assets | 212,847,127 | 638,310,031 | 402,874,637 | 257,298,590 | 405,972,905 | |||||||||||||||
Liabilities: | ||||||||||||||||||||
Accounts payable and accrued liabilities: | ||||||||||||||||||||
Shares of beneficial interest redeemed | 17,475 | 65,180 | 31,173 | 18,087 | 19,350 | |||||||||||||||
Investment securities purchased | 520,325 | 5,821,412 | 2,098,622 | 145 | 3,868,294 | |||||||||||||||
Management and advisory fees | 138,550 | 404,987 | 297,583 | 184,308 | 352,959 | |||||||||||||||
Transfer agent fees | 773 | 874 | 2,314 | — | 2,505 | |||||||||||||||
Trustees fees | 354 | 1,476 | 694 | 389 | 454 | |||||||||||||||
Administration fees | 4,330 | 13,051 | 7,712 | 5,120 | 8,349 | |||||||||||||||
Capital gains tax | — | — | — | — | 179,915 | |||||||||||||||
Other | 23,921 | 33,683 | 18,070 | 64,731 | 31,510 | |||||||||||||||
Collateral for securities on loan | 14,556,014 | 41,402,577 | 51,578,978 | 24,703,774 | 21,211,883 | |||||||||||||||
Unrealized depreciation on forward foreign currency contracts | — | — | — | — | 123 | |||||||||||||||
Total liabilities | 15,261,742 | 47,743,240 | 54,035,146 | 24,976,554 | 25,675,342 | |||||||||||||||
Net assets | $ | 197,585,385 | $ | 590,566,791 | $ | 348,839,491 | $ | 232,322,036 | $ | 380,297,563 | ||||||||||
Net assets consist of: | ||||||||||||||||||||
Shares of beneficial interest, unlimited shares authorized, no par value | $ | 218,785,958 | $ | 377,988,454 | $ | 424,410,300 | $ | 214,195,032 | $ | 329,076,692 | ||||||||||
Undistributed (accumulated) net investment income (loss) | (11,623,658 | ) | (110,604 | ) | 1,388,922 | 1,818,999 | (1,991,765 | ) | ||||||||||||
Undistributed (accumulated) net realized gain (loss) from investment securities and foreign currency transactions | (69,398,875 | ) | 22,470,250 | (157,294,116 | ) | 2,141,553 | (4,844,485 | ) | ||||||||||||
Net unrealized appreciation (depreciation) on: | ||||||||||||||||||||
Investment securities | 59,828,444 | 190,218,691 | 80,340,854 | 14,170,412 | 58,060,416 | |||||||||||||||
Translation of assets and liabilities denominated in foreign currencies | (6,484 | ) | — | (6,469 | ) | (3,960 | ) | (3,295 | ) | |||||||||||
Net assets | $ | 197,585,385 | $ | 590,566,791 | $ | 348,839,491 | $ | 232,322,036 | $ | 380,297,563 | ||||||||||
Shares outstanding | 13,853,499 | 43,671,871 | 35,167,818 | 29,320,578 | 43,270,881 | |||||||||||||||
Net asset value and offering price per share | $ | 14.26 | $ | 13.52 | $ | 9.92 | $ | 7.92 | $ | 8.79 | ||||||||||
Investment securities, at cost | $ | 150,466,714 | $ | 436,829,348 | $ | 306,639,157 | $ | 238,431,344 | $ | 331,209,287 | ||||||||||
Repurchase agreements, at cost | $ | 2,029,108 | $ | 5,212,300 | $ | 13,817,958 | $ | 2,949,747 | $ | 10,843,831 | ||||||||||
Foreign currency, at cost | $ | 41,227 | $ | — | $ | 103,837 | $ | 113,273 | $ | 2,511,454 | ||||||||||
Securities loaned, at value | $ | 14,055,586 | $ | 40,311,048 | $ | 49,303,916 | $ | 23,545,725 | $ | 20,122,909 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 104
STATEMENTS OF ASSETS AND LIABILITIES (continued)
At April 30, 2013
(unaudited)
Transamerica International Value Opportunities | Transamerica Long/Short Strategy | Transamerica Mid Cap Value | Transamerica Real Return TIPS | Transamerica Select Equity | ||||||||||||||||
Assets: | ||||||||||||||||||||
Investment securities, at value | $ | 276,900,001 | $ | 121,830,151 | $ | 247,466,237 | $ | 792,663,041 | $ | 1,345,373,296 | ||||||||||
Repurchase agreements, at value | 7,693,807 | 58,571 | 8,763,894 | 320,265 | 43,211,765 | |||||||||||||||
Cash on deposit with broker | — | 89,688,471 | — | — | — | |||||||||||||||
Foreign currency, at value | 74,580 | — | — | 467,393 | — | |||||||||||||||
Unrealized appreciation on forward foreign currency contracts | 1,036,465 | — | — | 1,371,208 | — | |||||||||||||||
Unrealized appreciation on swap agreements | — | — | — | 886,479 | — | |||||||||||||||
Premium paid on swap agreements | — | — | — | 430,534 | — | |||||||||||||||
Variation Margin | — | — | — | 225,760 | — | |||||||||||||||
Receivables: | ||||||||||||||||||||
Shares of beneficial interest sold | 2,441 | 110 | 1,248 | 2,634 | 93,479 | |||||||||||||||
Investment securities sold | 904,017 | 2,668,636 | 666,480 | 7,292,503 | 5,084,287 | |||||||||||||||
Interest | 6 | — | 7 | 2,306,672 | 36 | |||||||||||||||
Dividends | 1,071,376 | 72,124 | 139,690 | — | 827,015 | |||||||||||||||
Dividend reclaims | 280,543 | 703 | — | — | 260,021 | |||||||||||||||
Securities lending income (net) | 6,897 | — | 3,102 | 1,266 | 152 | |||||||||||||||
Prepaid expenses | 1,164 | 440 | 781 | 1,516 | 5,850 | |||||||||||||||
Total assets | 287,971,297 | 214,319,206 | 257,041,439 | 805,969,271 | 1,394,855,901 | |||||||||||||||
Liabilities: | ||||||||||||||||||||
Due to custodian | — | — | — | 173,381 | — | |||||||||||||||
Cash collateral due to broker | — | — | — | 1,427,000 | — | |||||||||||||||
Premium received on swap agreements | — | — | — | 111,190 | — | |||||||||||||||
Accounts payable and accrued liabilities: | ||||||||||||||||||||
Shares of beneficial interest redeemed | 22,980 | — | 24,017 | 270,436 | 71,870 | |||||||||||||||
Investment securities purchased | 498,784 | 2,665,797 | 1,440,383 | 2,661,216 | 2,994,907 | |||||||||||||||
Management and advisory fees | 239,335 | 138,543 | 173,017 | 382,250 | 879,213 | |||||||||||||||
Dividends from securities sold short | — | 60,847 | — | — | — | |||||||||||||||
Transfer agent fees | 1,727 | 799 | 1,580 | 4,074 | 9,265 | |||||||||||||||
Trustees fees | 516 | 181 | 465 | 5,617 | 2,778 | |||||||||||||||
Administration fees | 5,757 | 2,664 | 5,266 | 14,267 | 30,884 | |||||||||||||||
Interest payable | — | — | — | 13,283 | — | |||||||||||||||
Deferred income for dollar rolls | — | — | — | 224,007 | — | |||||||||||||||
Other | 31,794 | 25,290 | 15,726 | 87,531 | 34,294 | |||||||||||||||
Collateral for securities on loan | 24,326,381 | — | 19,171,213 | 30,141,086 | 12,012,686 | |||||||||||||||
Payable for funds borrowed | — | — | — | 124,344,403 | — | |||||||||||||||
Securities sold short, at value | — | 92,895,785 | — | — | — | |||||||||||||||
Written options and swaptions at value | — | — | — | 365,471 | — | |||||||||||||||
Reverse repurchase agreements, at value | — | — | — | 32,401,875 | — | |||||||||||||||
Unrealized depreciation on forward foreign currency contracts | 569,889 | — | — | 2,152,576 | — | |||||||||||||||
Unrealized depreciation on swap agreements | — | — | — | 394,633 | — | |||||||||||||||
Total liabilities | 25,697,163 | 95,789,906 | 20,831,667 | 195,174,296 | 16,035,897 | |||||||||||||||
Net assets | $ | 262,274,134 | $ | 118,529,300 | $ | 236,209,772 | $ | 610,794,975 | $ | 1,378,820,004 | ||||||||||
Net assets consist of: | ||||||||||||||||||||
Shares of beneficial interest, unlimited shares authorized, no par value | $ | 221,207,614 | $ | 125,287,354 | $ | 161,458,414 | $ | 541,948,662 | $ | 1,083,416,459 | ||||||||||
Undistributed (accumulated) net investment income (loss) | 1,235,653 | (1,716,443 | ) | 576,831 | 4,791,827 | 635,048 | ||||||||||||||
Undistributed (accumulated) net realized gain (loss) from investment securities, futures, written option and swaption contracts, swap agreements, foreign currency transactions and securities sold short | 5,664,721 | (8,645,056 | ) | 3,524,386 | 20,232,411 | 36,849,138 | ||||||||||||||
Net unrealized appreciation (depreciation) on: | ||||||||||||||||||||
Investment securities | 33,695,872 | 17,431,690 | 70,650,141 | 44,060,218 | 257,919,359 | |||||||||||||||
Futures contracts | — | — | — | 327,269 | — | |||||||||||||||
Options written | — | — | — | 656,133 | — | |||||||||||||||
Swap agreements | — | — | — | (474,183 | ) | — | ||||||||||||||
Translation of assets and liabilities denominated in foreign currencies | 470,274 | — | — | (747,362 | ) | — | ||||||||||||||
Securities sold short | — | (13,828,245 | ) | — | — | — | ||||||||||||||
Net assets | $ | 262,274,134 | $ | 118,529,300 | $ | 236,209,772 | $ | 610,794,975 | $ | 1,378,820,004 | ||||||||||
Shares outstanding | 27,715,900 | 13,837,550 | 15,856,262 | 55,474,497 | 107,636,383 | |||||||||||||||
Net asset value and offering price per share | $ | 9.46 | $ | 8.57 | $ | 14.90 | $ | 11.01 | $ | 12.81 | ||||||||||
Investment securities, at cost | $ | 243,204,129 | $ | 104,398,461 | $ | 176,816,096 | $ | 748,320,700 | $ | 1,087,453,937 | ||||||||||
Repurchase agreements, at cost | $ | 7,693,807 | $ | 58,571 | $ | 8,763,894 | $ | 320,265 | $ | 43,211,765 | ||||||||||
Foreign currency, at cost | $ | 74,166 | $ | — | $ | — | $ | 466,401 | $ | — | ||||||||||
Securities loaned, at value | $ | 23,307,708 | $ | — | $ | 18,699,742 | $ | 29,535,449 | $ | 11,738,158 | ||||||||||
Premium received on written option and swaption contracts | $ | — | $ | — | $ | — | $ | 1,021,604 | $ | — | ||||||||||
Proceeds received from securities sold short | $ | — | $ | 79,067,540 | $ | — | $ | — | $ | — | ||||||||||
Reverse repurchase agreement, at cost | $ | — | $ | — | $ | — | $ | 32,401,875 | $ | — |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 105
STATEMENTS OF ASSETS AND LIABILITIES (continued)
At April 30, 2013
(unaudited)
Transamerica Total Return | Transamerica Value | |||||||
Assets: | ||||||||
Investment securities, at value | $ | 778,049,133 | $ | 367,347,214 | ||||
Repurchase agreements, at value | 19,667,999 | 48,389,192 | ||||||
Foreign currency, at value | 850,741 | 200,950 | ||||||
Unrealized appreciation on forward foreign currency contracts | 989,909 | — | ||||||
Unrealized appreciation on swap agreements | 4,496,382 | — | ||||||
Premium paid on swap agreements | 1,862,152 | — | ||||||
Receivables: | ||||||||
Shares of beneficial interest sold | 5,736 | 936 | ||||||
Investment securities sold | 35,654,670 | 3,153 | ||||||
Interest | 4,441,393 | 40 | ||||||
Dividends | — | 488,372 | ||||||
Dividend reclaims | — | 78,118 | ||||||
Securities lending income (net) | 1,563 | 2,476 | ||||||
Variation margin | 3,753,990 | — | ||||||
Prepaid expenses | 1,988 | 1,361 | ||||||
Total assets | 849,775,656 | 416,511,812 | ||||||
Liabilities: | ||||||||
Cash collateral due to broker | 4,995,000 | — | ||||||
Premium received on swap agreements | 468,178 | — | ||||||
Accounts payable and accrued liabilities: | ||||||||
Shares of beneficial interest redeemed | 876,875 | 15,241 | ||||||
Investment securities purchased | 104,691,836 | 2,467,299 | ||||||
Management and advisory fees | 405,401 | 277,023 | ||||||
Transfer agent fees | 4,045 | 2,597 | ||||||
Trustees fees | 2,194 | 528 | ||||||
Administration fees | 15,375 | 8,657 | ||||||
Other | 51,627 | 12,364 | ||||||
Collateral for securities on loan | 8,958,713 | 11,175,272 | ||||||
Written options and swaptions, at value | 416,683 | — | ||||||
TBA Short Commitments, at value | 43,780,000 | — | ||||||
Unrealized depreciation on forward foreign currency contracts | 4,342,965 | — | ||||||
Unrealized depreciation on swap agreements | 5,919,507 | — | ||||||
Total liabilities | 174,928,399 | 13,958,981 | ||||||
Net assets | $ | 674,847,257 | $ | 402,552,831 | ||||
Net assets consist of: | ||||||||
Shares of beneficial interest, unlimited shares authorized, no par value | $ | 635,081,969 | $ | 488,772,435 | ||||
Undistributed net investment income | 593,308 | 1,076,776 | ||||||
Undistributed (accumulated) net realized gain (loss) from investment securities, futures, TBA short commitments, written swaption contracts, swap agreements and foreign currency transactions | 8,532,799 | (77,075,872 | ) | |||||
Net unrealized appreciation (depreciation) on: | ||||||||
Investment securities | 35,366,594 | (10,216,141 | ) | |||||
Futures contracts | (238,735 | ) | — | |||||
Options written | 363,850 | — | ||||||
Swap agreements | (1,423,125 | ) | — | |||||
Translation of assets and liabilities denominated in foreign currencies | (3,359,794 | ) | (4,367 | ) | ||||
TBA short commitments | (69,609 | ) | — | |||||
Net assets | $ | 674,847,257 | $ | 402,552,831 | ||||
Shares outstanding | 61,851,764 | 15,510,806 | ||||||
Net asset value and offering price per share | $ | 10.91 | $ | 25.95 | ||||
Investment securities, at cost | $ | 742,682,539 | $ | 377,563,355 | ||||
Repurchase agreements, at cost | $ | 19,667,999 | $ | 48,389,192 | ||||
Foreign currency, at cost | $ | 863,609 | $ | 199,740 | ||||
Securities loaned, at value | $ | 8,776,277 | $ | 10,921,947 | ||||
Premium received on written option and swaption contracts | $ | 780,533 | $ | — | ||||
Proceeds received from TBA Short Commitments | $ | 43,710,391 | $ | — |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 106
STATEMENTS OF OPERATIONS
For the period ended April 30, 2013
(unaudited)
Transamerica Arbitrage Strategy | Transamerica Bond | Transamerica Core Bond | Transamerica Developing Markets Equity | |||||||||||||
Investment Income: | ||||||||||||||||
Dividend income | $ | 757,708 | $ | 1,145,463 | $ | — | $ | 3,607,912 | ||||||||
Interest income | 892 | 18,677,685 | 25,324,753 | 3,794 | ||||||||||||
Withholding taxes on foreign income | (5,854 | ) | (36,552 | ) | — | (168,250 | ) | |||||||||
Securities lending income (net) | — | 161,753 | 67,815 | 80,886 | ||||||||||||
Total investment income | 752,746 | 19,948,349 | 25,392,568 | 3,524,342 | ||||||||||||
Expenses: | ||||||||||||||||
Management and advisory | 573,820 | 2,487,217 | 3,017,056 | 2,471,152 | ||||||||||||
Transfer agent | 4,211 | 29,371 | 54,143 | 16,446 | ||||||||||||
Printing and shareholder reports | 5,186 | 35,988 | 78,678 | 17,438 | ||||||||||||
Custody | 170,810 | 64,783 | 206,938 | 427,766 | ||||||||||||
Administration | 14,036 | 97,903 | 180,475 | 54,819 | ||||||||||||
Legal | 1,725 | 10,646 | 28,059 | 4,821 | ||||||||||||
Audit and tax | 9,499 | 9,398 | 10,091 | 30,461 | ||||||||||||
Trustees | 1,040 | 6,855 | 15,178 | 3,460 | ||||||||||||
Dividends and interest on securities sold short | 190,812 | — | — | — | ||||||||||||
Other | 991 | 4,847 | 13,388 | 2,855 | ||||||||||||
Total expenses | 972,130 | 2,747,008 | 3,604,006 | 3,029,218 | ||||||||||||
Expenses recaptured or (reimbursed)/(waived) | (79,490 | ) | — | — | — | |||||||||||
Total expenses recaptured or (reimbursed)/(waived) | (79,490 | ) | — | — | — | |||||||||||
Net expenses | 892,640 | 2,747,008 | 3,604,006 | 3,029,218 | ||||||||||||
Net investment income (loss) | (139,894 | ) | 17,201,341 | 21,788,562 | 495,124 | |||||||||||
Net realized gain (loss) on transactions from: | ||||||||||||||||
Investment securities | 164,238 | 4,255,468 | 26,399,947 | 7,597,309 | (A) | |||||||||||
Written option contracts | 270,008 | — | — | — | ||||||||||||
Securities sold short | (40,963 | ) | — | — | — | |||||||||||
Swap agreements | 10,795 | — | — | — | ||||||||||||
Foreign currency transactions | 698,359 | 86,401 | — | (87,712 | ) | |||||||||||
Total realized gain (loss) | 1,102,437 | 4,341,869 | 26,399,947 | 7,509,597 | ||||||||||||
Net change in unrealized appreciation (depreciation) on: | ||||||||||||||||
Investment securities | 3,517,022 | 31,907,482 | (30,216,603 | ) | 5,750,303 | (B) | ||||||||||
Written option contracts | 12,021 | — | — | — | ||||||||||||
Swap agreements | (9,823 | ) | — | — | — | |||||||||||
Translation of assets and liabilities denominated in foreign currencies | (613,188 | ) | 5,290 | — | 131,172 | |||||||||||
Securities sold short | (1,236,223 | ) | — | — | — | |||||||||||
Net change in unrealized appreciation (depreciation) | 1,669,809 | 31,912,772 | (30,216,603 | ) | 5,881,475 | |||||||||||
Net realized and change in unrealized gain (loss) | 2,772,246 | 36,254,641 | (3,816,656 | ) | 13,391,072 | |||||||||||
Net increase (decrease) in net assets resulting from operations | $ | 2,632,352 | $ | 53,455,982 | $ | 17,971,906 | $ | 13,886,196 |
(A) | Net of foreign capital gains tax of $6,765. |
(B) | Net of foreign capital gains tax of $289,943. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 107
STATEMENTS OF OPERATIONS (continued)
For the period ended April 30, 2013
(unaudited)
Transamerica Global Real Estate Securities | Transamerica Growth | Transamerica International | Transamerica International Equity Opportunities | Transamerica International Small Cap | ||||||||||||||||
Investment Income: | ||||||||||||||||||||
Dividend income | $ | 2,725,517 | $ | 3,717,665 | $ | 4,330,826 | $ | 3,156,055 | $ | 3,262,244 | ||||||||||
Interest income | 411 | 673 | 959 | 511 | 2,344 | |||||||||||||||
Withholding taxes on foreign income | (122,314 | ) | (49,248 | ) | (438,107 | ) | (261,947 | ) | (215,567 | ) | ||||||||||
Securities lending income (net) | 22,138 | 39,142 | 109,986 | 50,367 | 112,993 | |||||||||||||||
Total investment income | 2,625,752 | 3,708,232 | 4,003,664 | 2,944,986 | 3,162,014 | |||||||||||||||
Expenses: | ||||||||||||||||||||
Management and advisory | 699,913 | 2,180,320 | 1,580,080 | 961,216 | 1,702,911 | |||||||||||||||
Transfer agent | 6,562 | 21,036 | 12,279 | 8,010 | 12,034 | |||||||||||||||
Printing and shareholder reports | 6,995 | 24,578 | 13,828 | 7,183 | 11,824 | |||||||||||||||
Custody | 81,387 | 46,985 | 88,918 | 106,137 | 148,377 | |||||||||||||||
Administration | 21,872 | 70,120 | 40,928 | 26,700 | 40,114 | |||||||||||||||
Legal | 2,295 | 8,075 | 4,427 | 4,419 | 3,428 | |||||||||||||||
Audit and tax | 11,369 | 8,008 | 9,610 | 8,788 | 9,261 | |||||||||||||||
Trustees | 1,514 | 5,100 | 2,876 | 1,875 | 2,683 | |||||||||||||||
Registration | 3,576 | 7,307 | — | — | — | |||||||||||||||
Other | 1,517 | 4,333 | 2,089 | 1,459 | 2,023 | |||||||||||||||
Total expenses | 837,000 | 2,375,862 | 1,755,035 | 1,125,787 | 1,932,655 | |||||||||||||||
Net investment income | 1,788,752 | 1,332,370 | 2,248,629 | 1,819,199 | 1,229,359 | |||||||||||||||
Net realized gain (loss) on transactions from: | ||||||||||||||||||||
Investment securities | 6,996,605 | 25,410,123 | 13,196,185 | 3,075,842 | (2,116,806 | )(A) | ||||||||||||||
Foreign currency transactions | (32,863 | ) | (5,814 | ) | (185,881 | ) | 9,843 | (163,396 | ) | |||||||||||
Total realized gain (loss) | 6,963,742 | 25,404,309 | 13,010,304 | 3,085,685 | (2,280,202 | ) | ||||||||||||||
Net change in unrealized appreciation (depreciation) on: | ||||||||||||||||||||
Investment securities | 21,031,468 | 41,016,570 | 20,029,011 | 20,436,984 | 41,522,673 | (B) | ||||||||||||||
Translation of assets and liabilities denominated in foreign currencies | (3,819 | ) | 362 | 3,938 | 5,377 | 22,908 | ||||||||||||||
Net change in unrealized appreciation (depreciation) | 21,027,649 | 41,016,932 | 20,032,949 | 20,442,361 | 41,545,581 | |||||||||||||||
Net realized and change in unrealized gain | 27,991,391 | 66,421,241 | 33,043,253 | 23,528,046 | 39,265,379 | |||||||||||||||
Net increase in net assets resulting from operations | $ | 29,780,143 | $ | 67,753,611 | $ | 35,291,882 | $ | 25,347,245 | $ | 40,494,738 |
(A) | Net of foreign capital gains tax of $17,082. |
(B) | Net of foreign capital gains tax of $179,915. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 108
STATEMENTS OF OPERATIONS (continued)
For the period ended April 30, 2013
(unaudited)
Transamerica International Value Opportunities | Transamerica Long/Short Strategy | Transamerica Mid Cap Value | Transamerica Real Return TIPS | Transamerica Select Equity | ||||||||||||||||
Investment Income: | ||||||||||||||||||||
Dividend income | $ | 2,900,082 | $ | 1,125,129 | $ | 2,357,923 | $ | — | $ | 15,534,037 | ||||||||||
Interest income | 1,473 | 59,111 | 862 | 7,300,933 | 5,944 | |||||||||||||||
Withholding taxes on foreign income | (236,990 | ) | (660 | ) | (3,948 | ) | — | (307,473 | ) | |||||||||||
Securities lending income (net) | 54,582 | — | 19,383 | 15,560 | 74,898 | |||||||||||||||
Total investment income | 2,719,147 | 1,183,580 | 2,374,220 | 7,316,493 | 15,307,406 | |||||||||||||||
Expenses: | ||||||||||||||||||||
Management and advisory | 1,282,486 | 687,654 | 896,296 | 2,695,969 | 4,550,230 | |||||||||||||||
Transfer agent | 9,247 | 3,967 | 8,170 | 30,744 | 47,771 | |||||||||||||||
Printing and shareholder reports | 8,423 | 4,049 | 9,842 | 51,950 | 61,111 | |||||||||||||||
Custody | 134,588 | 42,918 | 16,923 | 156,570 | 57,879 | |||||||||||||||
Administration | 30,822 | 13,224 | 27,234 | 102,481 | 159,238 | |||||||||||||||
Legal | 3,170 | 1,326 | 2,999 | 20,494 | 17,361 | |||||||||||||||
Audit and tax | 11,073 | 8,304 | 7,674 | 11,703 | 9,490 | |||||||||||||||
Trustees | 2,199 | 897 | 1,905 | 9,868 | 11,160 | |||||||||||||||
Interest | — | — | — | 116,807 | — | |||||||||||||||
Dividends and interest on securities sold short | — | 1,209,006 | — | — | — | |||||||||||||||
Other | 1,684 | 716 | 1,467 | 9,250 | 9,774 | |||||||||||||||
Total expenses | 1,483,692 | 1,972,061 | 972,510 | 3,205,836 | 4,924,014 | |||||||||||||||
Net investment income (loss) | 1,235,455 | (788,481 | ) | 1,401,710 | 4,110,657 | 10,383,392 | ||||||||||||||
Net realized gain (loss) on transactions from: | ||||||||||||||||||||
Investment securities | 6,754,965 | 4,883,374 | 7,279,867 | 23,716,745 | 38,661,932 | |||||||||||||||
Futures contracts | — | — | — | 22,458 | — | |||||||||||||||
Written option and swaption contracts | — | — | — | 809,300 | — | |||||||||||||||
Securities sold short | — | (838,250 | ) | — | — | — | ||||||||||||||
Swap agreements | — | — | — | 670,163 | — | |||||||||||||||
Foreign currency transactions | 510,703 | (189 | ) | — | 1,029,452 | — | ||||||||||||||
Total realized gain (loss) | 7,265,668 | 4,044,935 | 7,279,867 | 26,248,118 | 38,661,932 | |||||||||||||||
Net change in unrealized appreciation (depreciation) on: | ||||||||||||||||||||
Investment securities | 15,840,116 | 13,189,739 | 23,373,510 | (22,778,129 | ) | 138,594,765 | ||||||||||||||
Futures contracts | — | — | — | 254,149 | — | |||||||||||||||
Written option and swaption contracts | — | — | — | 533,611 | — | |||||||||||||||
Swap agreements | — | — | — | (575,456 | ) | — | ||||||||||||||
Translation of assets and liabilities denominated in foreign currencies | 24,261 | 4 | — | (330,212 | ) | — | ||||||||||||||
Securities sold short | — | (11,342,852 | ) | — | — | — | ||||||||||||||
Net change in unrealized appreciation (depreciation) | 15,864,377 | 1,846,891 | 23,373,510 | (22,896,037 | ) | 138,594,765 | ||||||||||||||
Net realized and change in unrealized gain | 23,130,045 | 5,891,826 | 30,653,377 | 3,352,081 | 177,256,697 | |||||||||||||||
Net increase in net assets resulting from operations | $ | 24,365,500 | $ | 5,103,345 | $ | 32,055,087 | $ | 7,462,738 | $ | 187,640,089 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 109
STATEMENTS OF OPERATIONS (continued)
For the period ended April 30, 2013
(unaudited)
Transamerica Total Return | Transamerica Value | |||||||
Investment Income: | ||||||||
Dividend income | $ | 75,555 | $ | 3,943,686 | ||||
Interest income | 8,774,978 | 8,792 | ||||||
Withholding taxes on foreign income | — | (189,075 | ) | |||||
Securities lending income (net) | 19,187 | 40,838 | ||||||
Total investment income | 8,869,720 | 3,804,241 | ||||||
Expenses: | ||||||||
Management and advisory | 2,403,572 | 1,345,260 | ||||||
Transfer agent | 27,417 | 12,612 | ||||||
Printing and shareholder reports | 35,940 | 13,460 | ||||||
Custody | 134,361 | 39,641 | ||||||
Administration | 91,391 | 42,039 | ||||||
Legal | 12,131 | 3,904 | ||||||
Audit and tax | 11,629 | 8,349 | ||||||
Trustees | 6,860 | 2,856 | ||||||
Interest | 167 | — | ||||||
Other | 5,159 | 2,087 | ||||||
Total expenses | 2,728,627 | 1,470,208 | ||||||
Net investment income | 6,141,093 | 2,334,033 | ||||||
Net realized gain (loss) on transactions from: | ||||||||
Investment securities | 3,815,972 | 5,949,769 | ||||||
Futures contracts | 48,604 | — | ||||||
Written swaption contracts | 802,347 | — | ||||||
Swap agreements | 2,454,576 | — | ||||||
Foreign currency transactions | 1,946,762 | 106,124 | ||||||
Total realized gain (loss) | 9,068,261 | 6,055,893 | ||||||
Net change in unrealized appreciation (depreciation) on: | ||||||||
Investment securities | 5,572,535 | 40,244,867 | ||||||
Futures contracts | (182,300 | ) | — | |||||
Written option and swaption contracts | 146,369 | — | ||||||
Swap agreements | (4,957,130 | ) | — | |||||
Translation of assets and liabilities denominated in foreign currencies | (2,495,627 | ) | (121 | ) | ||||
TBA short commitments | (39,038 | ) | — | |||||
Net change in unrealized appreciation (depreciation) | (1,955,191 | ) | 40,244,746 | |||||
Net realized and change in unrealized gain | 7,113,070 | 46,300,639 | ||||||
Net increase in net assets resulting from operations | $ | 13,254,163 | $ | 48,634,672 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 110
STATEMENTS OF CHANGES IN NET ASSETS
For the period and year ended:
Transamerica Arbitrage Strategy | Transamerica Bond | Transamerica Core Bond | ||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | April 30, 2013 (unaudited) | October 31, 2012 | April 30, 2013 (unaudited) | October 31, 2012 | |||||||||||||||||||
From operations: | ||||||||||||||||||||||||
Net investment income (loss) | $ | (139,894 | ) | $ | (1,541,669 | ) | $ | 17,201,341 | $ | 27,747,203 | $ | 21,788,562 | $ | 66,626,214 | ||||||||||
Net realized gain from investment securities, securities sold short, written option contracts, swap agreements and foreign currency transactions | 1,102,437 | 2,014,760 | 4,341,869 | 10,458,530 | 26,399,947 | 20,750,252 | ||||||||||||||||||
Net change in unrealized appreciation (depreciation) on investment securities, securities sold short, written option contracts, swap agreements and foreign currency translations | 1,669,809 | (3,364,445 | ) | 31,912,772 | 42,670,013 | (30,216,603 | ) | 42,750,427 | ||||||||||||||||
Net increase (decrease) in net assets resulting from operations | 2,632,352 | (2,891,354 | ) | 53,455,982 | 80,875,746 | 17,971,906 | 130,126,893 | |||||||||||||||||
Distributions to shareholders: | ||||||||||||||||||||||||
From net investment income | (528,051 | ) | — | (20,586,200 | ) | (33,833,794 | ) | (30,670,292 | ) | (75,049,698 | ) | |||||||||||||
From net realized gains | (2,253,105 | ) | (1,455,777 | ) | (6,746,182 | ) | (25,612,128 | ) | (5,785,007 | ) | — | |||||||||||||
Total distributions to shareholders | (2,781,156 | ) | (1,455,777 | ) | (27,332,382 | ) | (59,445,922 | ) | (36,455,299 | ) | (75,049,698 | ) | ||||||||||||
Capital share transactions: | ||||||||||||||||||||||||
Proceeds from shares sold | 5,066,028 | 52,695,854 | 100,792,946 | 244,593,392 | 9,366,034 | 258,804,515 | ||||||||||||||||||
Dividends and distributions reinvested | 2,781,156 | 1,455,702 | 27,332,382 | 59,445,922 | 36,455,299 | 75,049,698 | ||||||||||||||||||
Cost of shares redeemed | (22,010,052 | ) | (57,709,092 | ) | (79,285,283 | ) | (50,729,525 | ) | (665,729,846 | ) | (718,520,386 | ) | ||||||||||||
Net increase (decrease) in net assets resulting from capital shares transactions | (14,162,868 | ) | (3,557,536 | ) | 48,840,045 | 253,309,789 | (619,908,513 | ) | (384,666,173 | ) | ||||||||||||||
Net increase (decrease) in net assets | (14,311,672 | ) | (7,904,667 | ) | 74,963,645 | 274,739,613 | (638,391,906 | ) | (329,588,978 | ) | ||||||||||||||
Net assets: | ||||||||||||||||||||||||
Beginning of period | 116,302,871 | 124,207,538 | 737,079,796 | 462,340,183 | 1,879,193,934 | 2,208,782,912 | ||||||||||||||||||
End of period | $ | 101,991,199 | $ | 116,302,871 | $ | 812,043,441 | $ | 737,079,796 | $ | 1,240,802,028 | $ | 1,879,193,934 | ||||||||||||
Undistributed (accumulated) net investment income (loss) | $ | (260,330 | ) | $ | 407,615 | $ | 2,311,759 | $ | 5,696,618 | $ | 92,392 | $ | 8,974,122 | |||||||||||
Share activity: | ||||||||||||||||||||||||
Shares issued | 509,311 | 5,153,726 | 9,338,981 | 24,116,419 | 871,816 | 24,223,690 | ||||||||||||||||||
Shares issued-reinvested from dividends and distributions | 280,925 | 143,137 | 2,553,222 | 6,153,024 | 3,401,297 | 6,998,311 | ||||||||||||||||||
Shares redeemed | (2,214,882 | ) | (5,643,797 | ) | (7,314,815 | ) | (4,960,494 | ) | (61,779,073 | ) | (66,715,315 | ) | ||||||||||||
Net increase (decrease) in shares outstanding | (1,424,646 | ) | (346,934 | ) | 4,577,388 | 25,308,949 | (57,505,960 | ) | (35,493,314 | ) |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 111
STATEMENTS OF CHANGES IN NET ASSETS (continued)
For the period and year ended:
Transamerica Developing Markets Equity | Transamerica Global Real Estate Securities | Transamerica Growth | ||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | April 30, 2013 (unaudited) | October 31, 2012 | April 30, 2013 (unaudited) | October 31, 2012 | |||||||||||||||||||
From operations: | ||||||||||||||||||||||||
Net investment income | $ | 495,124 | $ | 2,005,091 | $ | 1,788,752 | $ | 3,622,021 | $ | 1,332,370 | $ | 355,059 | ||||||||||||
Net realized gain from investment securities and foreign currency transactions | 7,509,597 | 36,742,294 | 6,963,742 | 10,597,432 | 25,404,309 | 60,120,975 | ||||||||||||||||||
Net change in unrealized appreciation (depreciation) on investment securities and foreign currency translations | 5,881,475 | (13,729,072 | ) | 21,027,649 | 6,807,107 | 41,016,932 | (9,950,111 | ) | ||||||||||||||||
Net increase in net assets resulting from operations | 13,886,196 | 25,018,313 | 29,780,143 | 21,026,560 | 67,753,611 | 50,525,923 | ||||||||||||||||||
Distributions to shareholders: | ||||||||||||||||||||||||
From net investment income | (1,448,291 | ) | (2,677,891 | ) | (10,530,996 | ) | (5,153,892 | ) | (1,443,061 | ) | (426,415 | ) | ||||||||||||
From net realized gains | (35,428,722 | ) | (40,297,370 | ) | — | — | (58,043,075 | ) | (22,717,409 | ) | ||||||||||||||
Total distributions to shareholders | (36,877,013 | ) | (42,975,261 | ) | (10,530,996 | ) | (5,153,892 | ) | (59,486,136 | ) | (23,143,824 | ) | ||||||||||||
Capital share transactions: | ||||||||||||||||||||||||
Proceeds from shares sold | 204,302,490 | 82,357,580 | 27,785,638 | 38,557,623 | 9,308,351 | 22,465,365 | ||||||||||||||||||
Dividends and distributions reinvested | 36,877,013 | 42,975,261 | 10,530,996 | 5,153,892 | 59,486,136 | 23,143,824 | ||||||||||||||||||
Cost of shares redeemed | (32,142,281 | ) | (263,669,835 | ) | (20,310,858 | ) | (46,310,253 | ) | (36,702,119 | ) | (141,551,163 | ) | ||||||||||||
Net increase (decrease) in net assets resulting from capital shares transactions | 209,037,222 | (138,336,994 | ) | 18,005,776 | (2,598,738 | ) | 32,092,368 | (95,941,974 | ) | |||||||||||||||
Net increase (decrease) in net assets | 186,046,405 | (156,293,942 | ) | 37,254,923 | 13,273,930 | 40,359,843 | (68,559,875 | ) | ||||||||||||||||
Net assets: | ||||||||||||||||||||||||
Beginning of period | 341,362,255 | 497,656,197 | 160,330,462 | 147,056,532 | 550,206,948 | 618,766,823 | ||||||||||||||||||
End of period | $ | 527,408,660 | $ | 341,362,255 | $ | 197,585,385 | $ | 160,330,462 | $ | 590,566,791 | $ | 550,206,948 | ||||||||||||
Undistributed (accumulated) net investment income (loss) | $ | 495,511 | $ | 1,448,678 | $ | (11,623,658 | ) | $ | (2,881,414 | ) | $ | (110,604 | ) | $ | 87 | |||||||||
Share activity: | ||||||||||||||||||||||||
Shares issued | 17,318,504 | 7,248,029 | 2,119,302 | 3,142,126 | 689,134 | 1,731,814 | ||||||||||||||||||
Shares issued-reinvested from dividends and distributions | 3,313,299 | 4,250,768 | 828,202 | 444,155 | 4,808,903 | 1,986,594 | ||||||||||||||||||
Shares redeemed | (2,794,646 | ) | (23,577,882 | ) | (1,538,255 | ) | (3,775,973 | ) | (2,817,313 | ) | (10,554,255 | ) | ||||||||||||
Net increase (decrease) in shares outstanding | 17,837,157 | (12,079,085 | ) | 1,409,249 | (189,692 | ) | 2,680,724 | (6,835,847 | ) |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 112
STATEMENTS OF CHANGES IN NET ASSETS (continued)
For the period and year ended:
Transamerica International | Transamerica International Equity Opportunities | Transamerica International Small Cap | ||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | April 30, 2013 (unaudited) | October 31, 2012 | April 30, 2013 (unaudited) | October 31, 2012 | |||||||||||||||||||
From operations: | ||||||||||||||||||||||||
Net investment income | $ | 2,248,629 | $ | 6,039,180 | $ | 1,819,199 | $ | 5,212,576 | $ | 1,229,359 | $ | 4,158,947 | ||||||||||||
Net realized gain (loss) from investment securities and foreign currency transactions | 13,010,304 | (888,816 | ) | 3,085,685 | 7,620,909 | (2,280,202 | ) | (1,513,385 | ) | |||||||||||||||
Net change in unrealized appreciation (depreciation) on investment securities and foreign currency translations | 20,032,949 | 13,208,932 | 20,442,361 | (322,020 | ) | 41,545,581 | 6,009,761 | |||||||||||||||||
Net increase in net assets resulting from operations | 35,291,882 | 18,359,296 | 25,347,245 | 12,511,465 | 40,494,738 | 8,655,323 | ||||||||||||||||||
Distributions to shareholders: | ||||||||||||||||||||||||
From net investment income | (5,616,128 | ) | (6,082,045 | ) | (4,852,052 | ) | (8,205,083 | ) | (6,513,025 | ) | (8,007,105 | ) | ||||||||||||
From net realized gains | — | — | (8,389,008 | ) | (47,520,534 | ) | — | (38,212,720 | ) | |||||||||||||||
Total distributions to shareholders | (5,616,128 | ) | (6,082,045 | ) | (13,241,060 | ) | (55,725,617 | ) | (6,513,025 | ) | (46,219,825 | ) | ||||||||||||
Capital share transactions: | ||||||||||||||||||||||||
Proceeds from shares sold | 12,468,825 | 87,921,548 | 46,492,617 | 16,465,775 | 131,505,407 | 51,754,718 | ||||||||||||||||||
Dividends and distributions reinvested | 5,616,128 | 6,082,045 | 13,241,060 | 55,725,617 | 6,513,025 | 46,219,825 | ||||||||||||||||||
Cost of shares redeemed | (6,064,436 | ) | (158,783,826 | ) | (14,417,171 | ) | (207,771,859 | ) | (33,630,662 | ) | (148,840,340 | ) | ||||||||||||
Net increase (decrease) in net assets resulting from capital shares transactions | 12,020,517 | (64,780,233 | ) | 45,316,506 | (135,580,467 | ) | 104,387,770 | (50,865,797 | ) | |||||||||||||||
Net increase (decrease) in net assets | 41,696,271 | (52,502,982 | ) | 57,422,691 | (178,794,619 | ) | 138,369,483 | (88,430,299 | ) | |||||||||||||||
Net assets: | ||||||||||||||||||||||||
Beginning of period | 307,143,220 | 359,646,202 | 174,899,345 | 353,693,964 | 241,928,080 | 330,358,379 | ||||||||||||||||||
End of period | $ | 348,839,491 | $ | 307,143,220 | $ | 232,322,036 | $ | 174,899,345 | $ | 380,297,563 | $ | 241,928,080 | ||||||||||||
Undistributed (accumulated) net investment income (loss) | $ | 1,388,922 | $ | 4,756,421 | $ | 1,818,999 | $ | 4,851,852 | $ | (1,991,765 | ) | $ | 3,291,901 | |||||||||||
Share activity: | ||||||||||||||||||||||||
Shares issued | 1,318,659 | 10,002,000 | 5,863,087 | 2,252,769 | 15,826,670 | 6,760,835 | ||||||||||||||||||
Shares issued-reinvested from dividends and distributions | 607,806 | 787,830 | 1,779,712 | 8,859,399 | 815,147 | 6,698,525 | ||||||||||||||||||
Shares redeemed | (645,000 | ) | (19,194,236 | ) | (1,881,161 | ) | (29,943,971 | ) | (3,983,270 | ) | (19,535,207 | ) | ||||||||||||
Net increase (decrease) in shares outstanding | 1,281,465 | (8,404,406 | ) | 5,761,638 | (18,831,803 | ) | 12,658,547 | (6,075,847 | ) |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 113
STATEMENTS OF CHANGES IN NET ASSETS (continued)
For the period and year ended:
Transamerica International Value Opportunities | Transamerica Long/Short Strategy | Transamerica Mid Cap Value | ||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | April 30, 2013 (unaudited) | October 31, 2012 | April 30, 2013 (unaudited) | October 31, 2012 | |||||||||||||||||||
From operations: | ||||||||||||||||||||||||
Net investment income (loss) | $ | 1,235,455 | $ | 5,037,454 | $ | (788,481 | ) | $ | (1,093,303 | ) | $ | 1,401,710 | $ | 2,169,381 | ||||||||||
Net realized gain from investment securities and foreign currency transactions | 7,265,668 | 5,437,844 | 4,044,935 | 1,579,234 | 7,279,867 | 15,339,892 | ||||||||||||||||||
Net change in unrealized appreciation (depreciation) on investment securities and foreign currency translations | 15,864,377 | (5,746,167 | ) | 1,846,891 | 2,797,643 | 23,373,510 | 17,602,625 | |||||||||||||||||
Net increase in net assets resulting from operations | 24,365,500 | 4,729,131 | 5,103,345 | 3,283,574 | 32,055,087 | 35,111,898 | ||||||||||||||||||
Distributions to shareholders: | ||||||||||||||||||||||||
From net investment income | (4,428,236 | ) | (8,732,675 | ) | — | — | (2,380,127 | ) | (1,745,166 | ) | ||||||||||||||
From net realized gains | (3,939,100 | ) | (62,673,379 | ) | — | — | — | — | ||||||||||||||||
Total distributions to shareholders | (8,367,336 | ) | (71,406,054 | ) | — | — | (2,380,127 | ) | (1,745,166 | ) | ||||||||||||||
Capital share transactions: | ||||||||||||||||||||||||
Proceeds from shares sold | 32,487,676 | 20,441,417 | 24,343,124 | 24,174,331 | 3,117,126 | 49,745,790 | ||||||||||||||||||
Dividends and distributions reinvested | 8,367,336 | 71,406,054 | — | — | 2,380,127 | 1,745,166 | ||||||||||||||||||
Cost of shares redeemed | (14,768,657 | ) | (253,419,288 | ) | (2,107,077 | ) | (49,375,552 | ) | (7,420,165 | ) | (34,744,407 | ) | ||||||||||||
Net increase (decrease) in net assets resulting from capital shares transactions | 26,086,355 | (161,571,817 | ) | 22,236,047 | (25,201,221 | ) | (1,922,912 | ) | 16,746,549 | |||||||||||||||
Net increase (decrease) in net assets | 42,084,519 | (228,248,740 | ) | 27,339,392 | (21,917,647 | ) | 27,752,048 | 50,113,281 | ||||||||||||||||
Net assets: | ||||||||||||||||||||||||
Beginning of period | 220,189,615 | 448,438,355 | 91,189,908 | 113,107,555 | 208,457,724 | 158,344,443 | ||||||||||||||||||
End of period | $ | 262,274,134 | $ | 220,189,615 | $ | 118,529,300 | $ | 91,189,908 | $ | 236,209,772 | $ | 208,457,724 | ||||||||||||
Undistributed net investment income | $ | 1,235,653 | $ | 4,428,434 | $ | (1,716,443 | ) | $ | (927,963 | ) | $ | 576,831 | $ | 1,555,248 | ||||||||||
Share activity: | ||||||||||||||||||||||||
Shares issued | 3,509,864 | 2,321,486 | 2,920,550 | 2,994,980 | 232,916 | 4,189,537 | ||||||||||||||||||
Shares issued-reinvested from dividends and distributions | 940,150 | 9,154,622 | — | — | 181,136 | 165,106 | ||||||||||||||||||
Shares redeemed | (1,601,289 | ) | (30,148,826 | ) | (256,855 | ) | (6,217,856 | ) | (552,558 | ) | (2,850,948 | ) | ||||||||||||
Net increase (decrease) in shares outstanding | 2,848,725 | (18,672,718 | ) | 2,663,695 | (3,222,876 | ) | (138,506 | ) | 1,503,695 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 114
STATEMENTS OF CHANGES IN NET ASSETS (continued)
For the period and year ended:
Transamerica Real Return TIPS | Transamerica Select Equity | Transamerica Total Return | ||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | April 30, 2013 (unaudited) | October 31, 2012 | April 30, 2013 (unaudited) | October 31, 2012 | |||||||||||||||||||
From operations: | ||||||||||||||||||||||||
Net investment income | $ | 4,110,657 | $ | 12,015,885 | $ | 10,383,392 | $ | 22,407,232 | $ | 6,141,093 | $ | 15,604,244 | ||||||||||||
Net realized gain from investment securities, futures, written option and swaption contracts, written swaption contracts, swap agreements and foreign currency transactions | 26,248,118 | 43,443,343 | 38,661,932 | 33,562,094 | 9,068,261 | 9,461,402 | ||||||||||||||||||
Net change in unrealized appreciation (depreciation) on investment securities, futures, written option and swaption contracts, written swaption contracts, swap agreements and foreign currency translations | (22,896,037 | ) | 43,590,591 | 138,594,765 | 92,256,722 | (1,955,191 | ) | 33,075,983 | ||||||||||||||||
Net increase in net assets resulting from operations | 7,462,738 | 99,049,819 | 187,640,089 | 148,226,048 | 13,254,163 | 58,141,629 | ||||||||||||||||||
Distributions to shareholders: | ||||||||||||||||||||||||
From net investment income | (7,682,531 | ) | (15,604,752 | ) | (10,534,395 | ) | (22,422,397 | ) | (5,938,736 | ) | (21,727,418 | ) | ||||||||||||
From net realized gains | (60,052,532 | ) | (46,536,128 | ) | (31,567,537 | ) | — | (6,747,456 | ) | (2,586,242 | ) | |||||||||||||
Total distributions to shareholders | (67,735,063 | ) | (62,140,880 | ) | (42,101,932 | ) | (22,422,397 | ) | (12,686,192 | ) | (24,313,660 | ) | ||||||||||||
Capital share transactions: | ||||||||||||||||||||||||
Proceeds from shares sold | 11,936,800 | 854,211,901 | 17,219,945 | 276,364,272 | 9,887,500 | 223,124,983 | ||||||||||||||||||
Dividends and distributions reinvested | 67,735,063 | 62,140,880 | 42,101,932 | 22,422,397 | 12,686,192 | 24,313,661 | ||||||||||||||||||
Cost of shares redeemed | (752,056,957 | ) | (581,443,142 | ) | (26,240,671 | ) | (160,668,972 | ) | (152,073,951 | ) | (103,221,679 | ) | ||||||||||||
Net increase (decrease) in net assets resulting from capital shares transactions | (672,385,094 | ) | 334,909,639 | 33,081,206 | 138,117,697 | (129,500,259 | ) | 144,216,965 | ||||||||||||||||
Net increase (decrease) in net assets | (732,657,419 | ) | 371,818,578 | 178,619,363 | 263,921,348 | (128,932,288 | ) | 178,044,934 | ||||||||||||||||
Net assets: | ||||||||||||||||||||||||
Beginning of period | 1,343,452,394 | 971,633,816 | 1,200,200,641 | 936,279,293 | 803,779,545 | 625,734,611 | ||||||||||||||||||
End of period | $ | 610,794,975 | $ | 1,343,452,394 | $ | 1,378,820,004 | $ | 1,200,200,641 | $ | 674,847,257 | $ | 803,779,545 | ||||||||||||
Undistributed net investment income | $ | 4,791,827 | $ | 4,614,953 | $ | 635,048 | $ | 786,051 | $ | 593,308 | $ | 390,951 | ||||||||||||
Share activity: | ||||||||||||||||||||||||
Shares issued | 1,036,241 | 74,634,972 | 1,434,199 | 25,686,431 | 911,980 | 21,152,460 | ||||||||||||||||||
Shares issued-reinvested from dividends and distributions | 6,181,642 | 5,651,438 | 3,626,604 | 2,089,923 | 1,172,930 | 2,312,085 | ||||||||||||||||||
Shares redeemed | (66,149,067 | ) | (50,746,803 | ) | (2,247,198 | ) | (14,552,751 | ) | (14,045,864 | ) | (9,728,795 | ) | ||||||||||||
Net increase (decrease) in shares outstanding | (58,931,184 | ) | 29,539,607 | 2,813,605 | 13,223,603 | (11,960,954 | ) | 13,735,750 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 115
STATEMENTS OF CHANGES IN NET ASSETS (continued)
For the period and year ended:
Transamerica Value | ||||||||
April 30, 2013 (unaudited) | October 31, 2012 | |||||||
From operations: | ||||||||
Net investment income | $ | 2,334,033 | $ | 3,956,329 | ||||
Net realized gain (loss) from investment securities and foreign currency transactions | 6,055,893 | (610,717 | ) | |||||
Net change in unrealized appreciation (depreciation) on investment securities and foreign currency translations | 40,244,746 | 20,996,953 | ||||||
Net increase in net assets resulting from operations | 48,634,672 | 24,342,565 | ||||||
Distributions to shareholders: | ||||||||
From net investment income | (4,972,122 | ) | (728,179 | ) | ||||
Total distributions to shareholders | (4,972,122 | ) | (728,179 | ) | ||||
Capital share transactions: | ||||||||
Proceeds from shares sold | 87,837,037 | 26,220,689 | ||||||
Dividends and distributions reinvested | 4,972,122 | 728,179 | ||||||
Cost of shares redeemed | (5,478,062 | ) | (86,727,721 | ) | ||||
Net increase (decrease) in net assets resulting from capital shares transactions | 87,331,097 | (59,778,853 | ) | |||||
Net increase (decrease) in net assets | 130,993,647 | (36,164,467 | ) | |||||
Net assets: | ||||||||
Beginning of period | 271,559,184 | 307,723,651 | ||||||
End of period | $ | 402,552,831 | $ | 271,559,184 | ||||
Undistributed net investment income | $ | 1,076,776 | $ | 3,714,865 | ||||
Share activity: | ||||||||
Shares issued | 3,639,756 | 1,176,959 | ||||||
Shares issued-reinvested from dividends and distributions | 211,850 | 38,467 | ||||||
Shares redeemed | (232,840 | ) | (4,162,717 | ) | ||||
Net increase (decrease) in shares outstanding | 3,618,766 | (2,947,291 | ) |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 116
STATEMENT OF CASH FLOWS
For the period ended April 30, 2013
(unaudited)
Transamerica Real Return TIPS | ||||
Cash Flows provided by operating activities: | ||||
Net increase in net assets from operations | $ | 7,462,738 | ||
Adjustments to reconcile net increase in net assets from operations to net cash provided by operating activities: | ||||
Purchases of long-term investments | (116,957,260 | ) | ||
Proceeds from sales of long-term investments | 906,197,605 | |||
Purchases (sales) of short-term portfolio investments, net | (21,041,608 | ) | ||
Net change in unrealized appreciation (depreciation) on investment securities, futures, written option and swaption contracts, swap agreements and foreign currency translations | 22,896,037 | |||
Net realized gain (loss) on transactions from investment securities, futures, written option and swaption contracts, swap agreements and foreign currency translations | (26,248,118 | ) | ||
Net amortization/accretion on investments | (6,459,075 | ) | ||
Decrease in receivable for investment securities sold | 1,842,092 | |||
Decrease in interest receivable | 2,927,378 | |||
Proceeds from futures contracts transactions | 532,861 | |||
Decrease in prepaid expenses | 1,651 | |||
Decrease in payable for investment securities purchased | (1,880,093 | ) | ||
Increase in cash collateral due to brokers | 357,000 | |||
Net cash used for swap transactions | 1,087,554 | |||
Net cash used for foreign currency transactions | (27,939 | ) | ||
Decrease in management and advisory fees payable | (467,530 | ) | ||
Increase in interest payable for reverse repurchase agreements | 1,228 | |||
Increase in collateral for securities on loan | 24,733,171 | |||
Decrease in other expenses | (57,155 | ) | ||
Net cash used in operating activities | 794,900,537 | |||
Cash Flows used for financing activities: | ||||
Decrease in payable for reverse repurchase agreements | (110,684,438 | ) | ||
Cash receipts on dollar roll activity | (365,687 | ) | ||
Increase in payable for funds borrowed | 60,387,795 | |||
Increase in deferred income for dollar rolls | 104,410 | |||
Decrease in payable to custodian for cash overdraft | (823,961 | ) | ||
Proceeds from shares sold, net of receivable for shares of beneficial interest sold | 11,949,967 | |||
Payment of shares redeemed, net of payable for shares of beneficial interest redeemed | (755,468,623 | ) | ||
Net cash used for financing activities | (794,900,537 | ) | ||
Net increase in cash | — | |||
Cash at beginning of period | $ | — | ||
Cash at end of period | $ | — | ||
Supplemental disclosure of cash flow information: | ||||
Non-cash financing activities included herein consist of reinvestment of distributions | $ | 67,735,063 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 117
FINANCIAL HIGHLIGHTS
For the period or years ended:
For a share outstanding throughout each period | Transamerica Arbitrage Strategy | |||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011(A) | ||||||||||
Net asset value | ||||||||||||
Beginning of period/year | $ | 9.89 | $ | 10.25 | $ | 10.00 | ||||||
Investment operations | ||||||||||||
Net investment loss(B) | (0.01 | ) | (0.11 | ) | (0.04 | ) | ||||||
Net realized and unrealized gain (loss) | 0.21 | (0.16 | ) | 0.29 | ||||||||
Total from investment operations | 0.20 | (0.27 | ) | 0.25 | ||||||||
Distributions | ||||||||||||
Net investment income | (0.04 | ) | — | — | ||||||||
Net realized gains on investments | (0.19 | ) | (0.09 | ) | — | |||||||
Total distributions | (0.23 | ) | (0.09 | ) | — | |||||||
Net asset value | �� | |||||||||||
End of period/year | $ | 9.86 | $ | 9.89 | $ | 10.25 | ||||||
Total return(C) | 2.05 | %(D) | (2.67 | )% | 2.50 | %(D) | ||||||
Net assets end of period/year (000’s) | $ | 101,991 | $ | 116,303 | $ | 124,208 | ||||||
Ratio and supplemental data | ||||||||||||
Expenses to average net assets | ||||||||||||
After reimbursement/waiver or recapture(F) | 1.59 | %(E) | 1.92 | % | 1.55 | %(E) | ||||||
Before reimbursement/waiver or recapture(F) | 1.73 | %(E) | 2.04 | % | 1.71 | %(E) | ||||||
Net investment loss to average net assets(F) | (0.25 | )%(E) | (1.06 | )% | (0.78 | )%(E) | ||||||
Portfolio turnover rate | 262 | %(D) | 566 | % | 311 | %(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 0.34%, 0.67% and 0.30% of average net assets for 2013, 2012 and 2011, respectively). |
For a share outstanding throughout each period | Transamerica Bond | |||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 10.70 | $ | 10.61 | $ | 11.14 | $ | 9.93 | $ | 7.34 | $ | 10.19 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(A) | 0.24 | 0.49 | 0.54 | 0.57 | 0.60 | 0.60 | ||||||||||||||||||
Net realized and unrealized gain (loss) | 0.48 | 0.84 | (0.20 | ) | 1.23 | 2.61 | (2.88 | ) | ||||||||||||||||
Total from investment operations | 0.72 | 1.33 | 0.34 | 1.80 | 3.21 | (2.28 | ) | |||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.28 | ) | (0.65 | ) | (0.68 | ) | (0.59 | ) | (0.57 | ) | (0.57 | ) | ||||||||||||
Net realized gains on investments | (0.09 | ) | (0.59 | ) | (0.19 | ) | — | (0.05 | ) | — | ||||||||||||||
Total distributions | (0.37 | ) | (1.24 | ) | (0.87 | ) | (0.59 | ) | (0.62 | ) | (0.57 | ) | ||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 11.05 | $ | 10.70 | $ | 10.61 | $ | 11.14 | $ | 9.93 | $ | 7.34 | ||||||||||||
Total return(B) | 6.95 | %(C) | 14.24 | % | 3.31 | % | 18.69 | % | 46.27 | % | (23.56 | )% | ||||||||||||
Net assets end of period/year (000’s) | $ | 812,043 | $ | 737,080 | $ | 462,340 | $ | 594,220 | $ | 812,252 | $ | 577,368 | ||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 0.70 | %(D) | 0.71 | % | 0.71 | % | 0.70 | % | 0.69 | % | 0.69 | % | ||||||||||||
Before reimbursement/waiver or recapture | 0.70 | %(D) | 0.71 | % | 0.71 | % | 0.70 | % | 0.69 | % | 0.69 | % | ||||||||||||
Net investment income to average net assets | 4.39 | %(D) | 4.77 | % | 4.98 | % | 5.49 | % | 7.22 | % | 6.34 | % | ||||||||||||
Portfolio turnover rate | 18 | %(C) | 26 | % | 57 | % | 79 | % | 42 | % | 24 | % |
(A) | Calculated based on average number of shares outstanding. |
(B) | Total return has been calculated for the applicable period without deduction of a sales load, if any, on an initial purchase. |
(C) | Not annualized. |
(D) | Annualized. |
Note: Prior to November 1, 2009, 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 2013 |
Page 118
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
For a share outstanding throughout each period | Transamerica Core Bond | |||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010 | October 31, 2009(A) | ||||||||||||||||
Net asset value | ||||||||||||||||||||
Beginning of period/year | $ | 10.86 | $ | 10.60 | $ | 10.56 | $ | 10.08 | $ | 10.00 | ||||||||||
Investment operations | ||||||||||||||||||||
Net investment income(B) | 0.16 | 0.33 | 0.32 | 0.28 | 0.07 | |||||||||||||||
Net realized and unrealized gain (loss) | (0.01 | ) | 0.31 | 0.15 | 0.53 | 0.06 | ||||||||||||||
Total from investment operations | 0.15 | 0.64 | 0.47 | 0.81 | 0.13 | |||||||||||||||
Distributions | ||||||||||||||||||||
Net investment income | (0.22 | ) | (0.38 | ) | (0.36 | ) | (0.33 | ) | (0.05 | ) | ||||||||||
Net realized gains on investments | (0.04 | ) | — | (0.07 | ) | — | — | |||||||||||||
Total distributions | (0.26 | ) | (0.38 | ) | (0.43 | ) | (0.33 | ) | (0.05 | ) | ||||||||||
Net asset value | ||||||||||||||||||||
End of period/year | $ | 10.75 | $ | 10.86 | $ | 10.60 | $ | 10.56 | $ | 10.08 | ||||||||||
Total return(C) | 1.45 | %(D) | 6.12 | % | 4.62 | % | 8.16 | % | 1.34 | %(D) | ||||||||||
Net assets end of period/year (000’s) | $ | 1,240,802 | $ | 1,879,194 | $ | 2,208,783 | $ | 1,063,458 | $ | 215,816 | ||||||||||
Ratio and supplemental data | ||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||
After reimbursement/waiver or recapture | 0.50 | %(E) | 0.47 | % | 0.48 | % | 0.50 | % | 0.55 | %(E) | ||||||||||
Before reimbursement/waiver or recapture | 0.50 | %(E) | 0.47 | % | 0.48 | % | 0.50 | % | 0.55 | %(E) | ||||||||||
Net investment income to average net assets | 3.02 | %(E) | 3.09 | % | 3.04 | % | 2.73 | % | 2.15 | %(E) | ||||||||||
Portfolio turnover rate | 1 | %(D) | 23 | % | 19 | % | 33 | % | 3 | %(D) |
(A) | Commenced operations on July 1, 2009. |
(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. |
Note: Prior to November 1, 2009, the financial highlights were audited by another independent registered public accounting firm. |
For a share outstanding throughout each period | Transamerica Developing Markets Equity | |||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 11.99 | $ | 12.27 | $ | 13.34 | $ | 10.12 | $ | 8.20 | $ | 17.07 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(A) | 0.01 | 0.05 | 0.08 | 0.05 | 0.06 | 0.19 | ||||||||||||||||||
Net realized and unrealized gain (loss) | 0.51 | 0.74 | (1.11 | ) | 3.22 | 3.51 | (7.65 | ) | ||||||||||||||||
Total from investment operations | 0.52 | 0.79 | (1.03 | ) | 3.27 | 3.57 | (7.46 | ) | ||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.04 | ) | (0.07 | ) | (0.04 | ) | (0.05 | ) | (0.16 | ) | (0.09 | ) | ||||||||||||
Net realized gains on investments | (1.08 | ) | (1.00 | ) | — | — | (1.49 | ) | (1.32 | ) | ||||||||||||||
Total distributions | (1.12 | ) | (1.07 | ) | (0.04 | ) | (0.05 | ) | (1.65 | ) | (1.41 | ) | ||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 11.39 | $ | 11.99 | $ | 12.27 | $ | 13.34 | $ | 10.12 | $ | 8.20 | ||||||||||||
Total return(B) | 4.60 | %(C) | 8.07 | % | (7.77 | )% | 32.43 | % | 56.01 | % | (47.48 | )% | ||||||||||||
Net assets end of period/year (000’s) | $ | 527,409 | $ | 341,362 | $ | 497,656 | $ | 610,212 | $ | 495,636 | $ | 317,973 | ||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 1.38 | %(D) | 1.33 | % | 1.31 | % | 1.31 | % | 1.35 | % | 1.32 | % | ||||||||||||
Before reimbursement/waiver or recapture | 1.38 | %(D) | 1.33 | % | 1.31 | % | 1.31 | % | 1.35 | % | 1.32 | % | ||||||||||||
Net investment income to average net assets | 0.23 | %(D) | 0.48 | % | 0.58 | % | 0.48 | % | 0.77 | % | 1.42 | % | ||||||||||||
Portfolio turnover rate | 22 | %(C) | 37 | % | 40 | % | 54 | % | 50 | % | 67 | % |
(A) | Calculated based on average number of shares outstanding. |
(B) | Total return has been calculated for the applicable period without deduction of a sales load, if any, on an initial purchase. |
(C) | Not annualized. |
(D) | Annualized. |
Note: Prior to November 1, 2009, 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 2013 |
Page 119
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
For a share outstanding throughout each period | Transamerica Global Real Estate Securities | |||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 12.88 | $ | 11.64 | $ | 12.28 | $ | 10.77 | $ | 9.52 | $ | 20.48 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(A) | 0.13 | 0.29 | 0.24 | 0.26 | 0.29 | 0.32 | ||||||||||||||||||
Net realized and unrealized gain (loss) | 2.08 | 1.36 | (0.19 | ) | 1.98 | 1.15 | (8.33 | ) | ||||||||||||||||
Total from investment operations | 2.21 | 1.65 | 0.05 | 2.24 | 1.44 | (8.01 | ) | |||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.83 | ) | (0.41 | ) | (0.69 | ) | (0.73 | ) | (0.19 | ) | (0.90 | ) | ||||||||||||
Net realized gains on investments | — | — | — | — | — | (2.05 | ) | |||||||||||||||||
Total distributions | (0.83 | ) | (0.41 | ) | (0.69 | ) | (0.73 | ) | (0.19 | ) | (2.95 | ) | ||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 14.26 | $ | 12.88 | $ | 11.64 | $ | 12.28 | $ | 10.77 | $ | 9.52 | ||||||||||||
Total return(B) | 17.95 | %(C) | 14.57 | % | 0.51 | % | 21.70 | % | 15.72 | % | (44.82 | )% | ||||||||||||
Net assets end of period/year (000’s) | $ | 197,585 | $ | 160,330 | $ | 147,057 | $ | 319,368 | $ | 285,502 | $ | 232,115 | ||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 0.96 | %(D) | 0.97 | % | 0.91 | % | 0.91 | % | 0.93 | % | 0.89 | % | ||||||||||||
Before reimbursement/waiver or recapture | 0.96 | %(D) | 0.97 | % | 0.91 | % | 0.91 | % | 0.93 | % | 0.89 | % | ||||||||||||
Net investment income to average net assets | 2.04 | %(D) | 2.36 | % | 2.01 | % | 2.31 | % | 3.30 | % | 2.29 | % | ||||||||||||
Portfolio turnover rate | 25 | %(C) | 55 | % | 39 | % | 62 | % | 61 | % | 41 | % |
(A) | Calculated based on average number of shares outstanding. |
(B) | Total return has been calculated for the applicable period without deduction of a sales load, if any, on an initial purchase. |
(C) | Not annualized. |
(D) | Annualized. |
Note: Prior to November 1, 2009, the financial highlights were audited by another independent registered public accounting firm. |
For a share outstanding throughout each period | Transamerica Growth | |||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 13.42 | $ | 12.94 | $ | 11.78 | $ | 10.17 | $ | 8.37 | $ | 13.05 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(A) | 0.03 | 0.01 | — | (B) | 0.01 | 0.01 | 0.02 | |||||||||||||||||
Net realized and unrealized gain (loss) | 1.53 | 0.97 | 1.17 | 1.61 | 1.81 | (4.68 | ) | |||||||||||||||||
Total from investment operations | 1.56 | 0.98 | 1.17 | 1.62 | 1.82 | (4.66 | ) | |||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.04 | ) | (0.01 | ) | (0.01 | ) | (0.01 | ) | (0.02 | ) | (0.02 | ) | ||||||||||||
Net realized gains on investments | (1.42 | ) | (0.49 | ) | — | — | — | — | ||||||||||||||||
Total distributions | (1.46 | ) | (0.50 | ) | (0.01 | ) | (0.01 | ) | (0.02 | ) | (0.02 | ) | ||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 13.52 | $ | 13.42 | $ | 12.94 | $ | 11.78 | $ | 10.17 | $ | 8.37 | ||||||||||||
Total return(C) | 12.64 | %(D) | 8.19 | % | 9.96 | % | 15.96 | % | 21.79 | % | (35.77 | )% | ||||||||||||
Net assets end of period/year (000’s) | $ | 590,567 | $ | 550,207 | $ | 618,767 | $ | 726,732 | $ | 654,610 | $ | 184,981 | ||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 0.85 | %(E) | 0.83 | % | 0.81 | % | 0.81 | % | 0.85 | % | 0.85 | % | ||||||||||||
Before reimbursement/waiver or recapture | 0.85 | %(E) | 0.83 | % | 0.81 | % | 0.81 | % | 0.85 | % | 0.85 | % | ||||||||||||
Net investment income to average net assets | 0.48 | %(E) | 0.06 | % | 0.01 | % | 0.09 | % | 0.16 | % | 0.21 | % | ||||||||||||
Portfolio turnover rate | 24 | %(D) | 43 | % | 55 | % | 83 | % | 82 | % | 70 | % |
(A) | Calculated based on average number of shares outstanding. |
(B) | Rounds to less than $0.01 or $(0.01). |
(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. |
Note: Prior to November 1, 2009, 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 2013 |
Page 120
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
For a share outstanding throughout each period | Transamerica International | |||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 9.06 | $ | 8.50 | $ | 8.94 | $ | 7.57 | $ | 5.95 | $ | 13.55 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(A) | 0.06 | 0.15 | 0.14 | 0.10 | 0.10 | 0.19 | ||||||||||||||||||
Net realized and unrealized gain (loss) | 0.96 | 0.56 | (0.47 | ) | 1.34 | 1.69 | (6.63 | ) | ||||||||||||||||
Total from investment operations | 1.02 | 0.71 | (0.33 | ) | 1.44 | 1.79 | (6.44 | ) | ||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.16 | ) | (0.15 | ) | (0.11 | ) | (0.07 | ) | (0.17 | ) | (0.13 | ) | ||||||||||||
Net realized gains on investments | — | — | — | — | — | (1.03 | ) | |||||||||||||||||
Total distributions | (0.16 | ) | (0.15 | ) | (0.11 | ) | (0.07 | ) | (0.17 | ) | (1.16 | ) | ||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 9.92 | $ | 9.06 | $ | 8.50 | $ | 8.94 | $ | 7.57 | $ | 5.95 | ||||||||||||
Total return(B) | 11.40 | %(C) | 8.65 | % | (3.80 | )% | 19.16 | % | 30.83 | % | (51.66 | )% | ||||||||||||
Net assets end of period/year (000’s) | $ | 348,839 | $ | 307,143 | $ | 359,646 | $ | 584,849 | $ | 485,803 | $ | 307,981 | ||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 1.07 | %(D) | 1.07 | % | 1.07 | % | 1.06 | % | 1.09 | % | 1.06 | % | ||||||||||||
Before reimbursement/waiver or recapture | 1.07 | %(D) | 1.07 | % | 1.07 | % | 1.06 | % | 1.09 | % | 1.06 | % | ||||||||||||
Net investment income to average net assets | 1.37 | %(D) | 1.81 | % | 1.52 | % | 1.22 | % | 1.62 | % | 1.87 | % | ||||||||||||
Portfolio turnover rate | 22 | %(C) | 50 | % | 46 | % | 51 | % | 75 | % | 72 | % |
(A) | Calculated based on average number of shares outstanding. |
(B) | Total return has been calculated for the applicable period without deduction of a sales load, if any, on an initial purchase. |
(C) | Not annualized. |
(D) | Annualized. |
Note: Prior to November 1, 2009, the financial highlights were audited by another independent registered public accounting firm. |
For a share outstanding throughout each period | Transamerica International Equity Opportunities | |||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008(A) | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 7.42 | $ | 8.34 | $ | 9.11 | $ | 8.16 | $ | 6.58 | $ | 10.00 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(B) | 0.06 | 0.14 | 0.15 | 0.12 | 0.12 | 0.02 | ||||||||||||||||||
Net realized and unrealized gain (loss) | 0.90 | 0.29 | (0.37 | ) | 1.09 | 1.46 | (3.44 | ) | ||||||||||||||||
Total from investment operations | 0.96 | 0.43 | (0.22 | ) | 1.21 | 1.58 | (3.42 | ) | ||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.17 | ) | (0.20 | ) | (0.10 | ) | (0.06 | ) | — | — | ||||||||||||||
Net realized gains on investments | (0.29 | ) | (1.15 | ) | (0.45 | ) | (0.20 | ) | — | — | ||||||||||||||
Total distributions | (0.46 | ) | (1.35 | ) | (0.55 | ) | (0.26 | ) | — | — | ||||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 7.92 | $ | 7.42 | $ | 8.34 | $ | 9.11 | $ | 8.16 | $ | 6.58 | ||||||||||||
Total return(C) | 13.28 | %(D) | 8.00 | % | (2.69 | )% | 15.16 | % | 24.01 | % | (34.20 | )%(D) | ||||||||||||
Net assets end of period/year (000’s) | $ | 232,322 | $ | 174,899 | $ | 353,694 | $ | 536,181 | $ | 396,754 | $ | 40,997 | ||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 1.05 | %(E) | 1.04 | % | 0.99 | % | 0.99 | % | 1.09 | % | 1.23 | %(E) | ||||||||||||
Before reimbursement/waiver or recapture | 1.05 | %(E) | 1.04 | % | 0.99 | % | 0.99 | % | 1.09 | % | 1.23 | %(E) | ||||||||||||
Net investment income to average net assets | 1.70 | %(E) | 1.94 | % | 1.69 | % | 1.47 | % | 1.78 | % | 0.71 | %(E) | ||||||||||||
Portfolio turnover rate | 13 | %(D) | 29 | % | 29 | % | 35 | % | 24 | % | 37 | %(D) |
(A) | Commenced operations on June 10, 2008. |
(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. |
Note: Prior to November 1, 2009, 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 2013 |
Page 121
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
For a share outstanding throughout each period | Transamerica International Small Cap | |||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008(A) | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 7.90 | $ | 9.00 | $ | 9.67 | $ | 8.22 | $ | 5.82 | $ | 10.00 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(B) | 0.03 | 0.11 | 0.15 | 0.08 | 0.08 | 0.12 | ||||||||||||||||||
Net realized and unrealized gain (loss) | 1.03 | 0.11 | (0.66 | ) | 1.42 | 2.41 | (4.30 | ) | ||||||||||||||||
Total from investment operations | 1.06 | 0.22 | (0.51 | ) | 1.50 | 2.49 | (4.18 | ) | ||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.17 | ) | (0.23 | ) | (0.11 | ) | (0.05 | ) | (0.09 | ) | — | |||||||||||||
Net realized gains on investments | — | (1.09 | ) | (0.05 | ) | — | — | — | ||||||||||||||||
Total distributions | (0.17 | ) | (1.32 | ) | (0.16 | ) | (0.05 | ) | (0.09 | ) | — | |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 8.79 | $ | 7.90 | $ | 9.00 | $ | 9.67 | $ | 8.22 | $ | 5.82 | ||||||||||||
Total return(C) | 13.58 | %(D) | 4.57 | % | (5.39 | )% | 18.29 | % | 43.56 | % | (41.80 | )%(D) | ||||||||||||
Net assets end of period/year (000’s) | $ | 380,298 | $ | 241,928 | $ | 330,358 | $ | 548,288 | $ | 543,673 | $ | 108,655 | ||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 1.20 | %(E) | 1.20 | % | 1.15 | % | 1.16 | % | 1.23 | % | 1.27 | %(E) | ||||||||||||
Before reimbursement/waiver or recapture | 1.20 | %(E) | 1.20 | % | 1.15 | % | 1.16 | % | 1.21 | % | 1.30 | %(E) | ||||||||||||
Net investment income to average net assets | 0.77 | %(E) | 1.58 | % | 1.46 | % | 0.97 | % | 1.23 | % | 1.96 | %(E) | ||||||||||||
Portfolio turnover rate | 19 | %(D) | 33 | % | 38 | % | 54 | % | 46 | % | 14 | %(D) |
(A) | Commenced operations on March 1, 2008. |
(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. |
Note: Prior to November 1, 2009, the financial highlights were audited by another independent registered public accounting firm. |
For a share outstanding throughout each period | Transamerica International Value Opportunities | |||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008(A) | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 8.85 | $ | 10.30 | $ | 11.12 | $ | 9.69 | $ | 7.98 | $ | 10.00 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(B) | 0.05 | 0.13 | 0.16 | 0.10 | 0.10 | — | (C) | |||||||||||||||||
Net realized and unrealized gain (loss) | 0.86 | 0.10 | (0.85 | ) | 1.42 | 1.66 | (2.02 | ) | ||||||||||||||||
Total from investment operations | 0.91 | 0.23 | (0.69 | ) | 1.52 | 1.76 | (2.02 | ) | ||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.16 | ) | (0.21 | ) | (0.06 | ) | (0.06 | ) | — | — | ||||||||||||||
Net realized gains on investments | (0.14 | ) | (1.47 | ) | (0.07 | ) | (0.03 | ) | (0.05 | ) | — | |||||||||||||
Total distributions | (0.30 | ) | (1.68 | ) | (0.13 | ) | (0.09 | ) | (0.05 | ) | — | |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 9.46 | $ | 8.85 | $ | 10.30 | $ | 11.12 | $ | 9.69 | $ | 7.98 | ||||||||||||
Total return(D) | 10.49 | %(E) | 4.44 | % | (6.31 | )% | 15.75 | % | 22.21 | % | (20.20 | )%(E) | ||||||||||||
Net assets end of period/year (000’s) | $ | 262,274 | $ | 220,190 | $ | 448,438 | $ | 778,484 | $ | 591,539 | $ | 79,516 | ||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 1.20 | %(F) | 1.12 | % | 1.08 | % | 1.08 | % | 1.17 | % | 1.35 | %(F) | ||||||||||||
Before reimbursement/waiver or recapture | 1.20 | %(F) | 1.12 | % | 1.08 | % | 1.08 | % | 1.15 | % | 1.76 | %(F) | ||||||||||||
Net investment income (loss) to average net assets | 1.00 | %(F) | 1.49 | % | 1.41 | % | 0.97 | % | 1.14 | % | (0.18 | )%(F) | ||||||||||||
Portfolio turnover rate | 25 | %(E) | 19 | % | 28 | % | 36 | % | 39 | % | 5 | %(E) |
(A) | Commenced operations on September 15, 2008. |
(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. |
Note: Prior to November 1, 2009, 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 2013 |
Page 122
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
For a share outstanding throughout each period | Transamerica Long/Short Strategy | |||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 8.16 | $ | 7.86 | $ | 8.32 | $ | 8.43 | $ | 9.51 | $ | 9.78 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income (loss)(A) | (0.06 | ) | (0.10 | ) | (0.15 | ) | (0.13 | ) | (0.17 | ) | 0.10 | |||||||||||||
Net realized and unrealized gain (loss) | 0.47 | 0.40 | (0.31 | ) | 0.02 | (0.80 | ) | 0.20 | ||||||||||||||||
Total from investment operations | 0.41 | 0.30 | (0.46 | ) | (0.11 | ) | (0.97 | ) | 0.30 | |||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | — | — | — | — | — | (0.57 | ) | |||||||||||||||||
Return of capital | — | — | — | — | (0.11 | ) | — | |||||||||||||||||
Total distributions | — | — | — | — | (0.11 | ) | (0.57 | ) | ||||||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 8.57 | $ | 8.16 | $ | 7.86 | $ | 8.32 | $ | 8.43 | $ | 9.51 | ||||||||||||
Total return(B) | 5.02 | %(C) | 3.82 | % | (5.53 | )% | (1.30 | )% | (10.27 | )% | 3.30 | % | ||||||||||||
Net assets end of period/year (000’s) | $ | 118,529 | $ | 91,190 | $ | 113,108 | $ | 108,342 | $ | 86,682 | $ | 121,348 | ||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/waiver or recapture(D) | 3.73 | %(E) | 3.46 | % | 3.59 | % | 2.85 | % | 3.61 | % | 2.79 | % | ||||||||||||
Before reimbursement/waiver or recapture(D) | 3.73 | %(E) | 3.46 | % | 3.59 | % | 2.85 | % | 3.61 | % | 2.79 | % | ||||||||||||
Net investment income (loss) to average net assets(D) | (1.49 | )%(E) | (1.21 | )% | (1.86 | )% | (1.61 | )% | (1.87 | )% | 1.05 | % | ||||||||||||
Portfolio turnover rate | 120 | %(C) | 153 | % | 411 | % | 303 | % | 463 | % | 192 | % |
(A) | Calculated based on average number of shares outstanding. |
(B) | Total return has been calculated for the applicable period without deduction of a sales load, if any, on an initial purchase. |
(C) | Not annualized. |
(D) | Includes dividends and interest on securities sold short (representing 2.29%, 2.03%, 2.17%, 1.35%, 2.09%, and 1.30% of average net assets for 2013, 2012, 2011, 2010, 2009, and 2008, respectively). |
(E) | Annualized. |
Note: Prior to November 1, 2009, the financial highlights were audited by another independent registered public accounting firm. |
For a share outstanding throughout each period | Transamerica Mid Cap Value | |||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 13.03 | $ | 10.93 | $ | 10.17 | $ | 8.28 | $ | 7.54 | $ | 12.32 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(A) | 0.09 | 0.14 | 0.11 | 0.12 | 0.15 | 0.13 | ||||||||||||||||||
Net realized and unrealized gain (loss) | 1.93 | 2.08 | 0.79 | 1.93 | 0.82 | (4.20 | ) | |||||||||||||||||
Total from investment operations | 2.02 | 2.22 | 0.90 | 2.05 | 0.97 | (4.07 | ) | |||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.15 | ) | (0.12 | ) | (0.14 | ) | (0.16 | ) | (0.17 | ) | (0.10 | ) | ||||||||||||
Net realized gains on investments | — | — | — | — | (0.06 | ) | (0.61 | ) | ||||||||||||||||
Total distributions | (0.15 | ) | (0.12 | ) | (0.14 | ) | (0.16 | ) | (0.23 | ) | (0.71 | ) | ||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 14.90 | $ | 13.03 | $ | 10.93 | $ | 10.17 | $ | 8.28 | $ | 7.54 | ||||||||||||
Total return(B) | 15.66 | %(C) | 20.57 | % | 8.88 | % | 25.08 | % | 13.39 | % | (34.92 | )% | ||||||||||||
Net assets end of period/year (000’s) | $ | 236,210 | $ | 208,458 | $ | 158,344 | $ | 163,612 | $ | 165,838 | $ | 147,772 | ||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 0.89 | %(D) | 0.89 | % | 0.90 | % | 0.89 | % | 0.90 | % | 0.87 | % | ||||||||||||
Before reimbursement/waiver or recapture | 0.89 | %(D) | 0.89 | % | 0.90 | % | 0.89 | % | 0.90 | % | 0.87 | % | ||||||||||||
Net investment income to average net assets | 1.29 | %(D) | 1.16 | % | 1.04 | % | 1.33 | % | 2.05 | % | 1.22 | % | ||||||||||||
Portfolio turnover rate | 9 | %(C) | 38 | % | 39 | % | 29 | % | 43 | % | 45 | % |
(A) | Calculated based on average number of shares outstanding. |
(B) | Total return has been calculated for the applicable period without deduction of a sales load, if any, on an initial purchase. |
(C) | Not annualized. |
(D) | Annualized. |
Note: Prior to November 1, 2009, 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 2013 |
Page 123
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
For a share outstanding throughout each period | Transamerica Real Return TIPS | |||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 11.74 | $ | 11.45 | $ | 11.61 | $ | 10.72 | $ | 9.21 | $ | 10.21 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(A) | 0.06 | 0.10 | 0.37 | 0.25 | 0.32 | 0.47 | ||||||||||||||||||
Net realized and unrealized gain (loss) | 0.08 | 0.88 | 0.27 | 1.04 | 1.58 | (0.96 | ) | |||||||||||||||||
Total from investment operations | 0.14 | 0.98 | 0.64 | 1.29 | 1.90 | (0.49 | ) | |||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.10 | ) | (0.15 | ) | (0.37 | ) | (0.40 | ) | (0.33 | ) | (0.51 | ) | ||||||||||||
Net realized gains on investments | (0.77 | ) | (0.54 | ) | (0.43 | ) | — | (0.06 | ) | — | ||||||||||||||
Total distributions | (0.87 | ) | (0.69 | ) | (0.80 | ) | (0.40 | ) | (0.39 | ) | (0.51 | ) | ||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 11.01 | $ | 11.74 | $ | 11.45 | $ | 11.61 | $ | 10.72 | $ | 9.21 | ||||||||||||
Total return(B) | 1.20 | %(C)(D) | 9.07 | % | 6.23 | % | 12.40 | % | 21.00 | % | (5.29 | )% | ||||||||||||
Net assets end of period/year (000’s) | $ | 610,795 | $ | 1,343,452 | $ | 971,634 | $ | 845,965 | $ | 752,723 | $ | 621,092 | ||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 0.78 | %(D)(E) | 0.70 | % | 0.73 | % | 0.72 | % | 0.74 | % | 0.74 | % | ||||||||||||
Before reimbursement/waiver or recapture | 0.78 | %(D)(E) | 0.70 | % | 0.73 | % | 0.72 | % | 0.74 | % | 0.74 | % | ||||||||||||
Net investment income to average net assets | 1.00 | %(D)(E) | 0.96 | % | 3.35 | % | 2.32 | % | 3.23 | % | 4.47 | % | ||||||||||||
Portfolio turnover rate | 11 | %(C)(E) | 151 | % | 213 | % | 307 | % | 583 | % | 1,028 | % |
(A) | Calculated based on average number of shares outstanding. |
(B) | Total return has been calculated for the applicable period without deduction of a sales load, if any, on an initial purchase. |
(C) | Not annualized. |
(D) | Includes interest fee on Dollar Rolls (representing 0.03% of average net assets and less than 0.01% of total return). |
(E) | Annualized. |
Note: Prior to November 1, 2009, the financial highlights were audited by another independent registered public accounting firm. |
For a share outstanding throughout each period | Transamerica Select Equity | |||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011(A) | ||||||||||
Net asset value | ||||||||||||
Beginning of period/year | $ | 11.45 | $ | 10.22 | $ | 10.00 | ||||||
Investment operations | ||||||||||||
Net investment income(B) | 0.10 | 0.21 | 0.01 | |||||||||
Net realized and unrealized gain | 1.66 | 1.23 | 0.21 | |||||||||
Total from investment operations | 1.76 | 1.44 | 0.22 | |||||||||
Distributions | ||||||||||||
Net investment income | (0.10 | ) | (0.21 | ) | — | (C) | ||||||
Net realized gains on investments | (0.30 | ) | — | — | ||||||||
Total distributions | (0.40 | ) | (0.21 | ) | — | (C) | ||||||
Net asset value | ||||||||||||
End of period/year | $ | 12.81 | $ | 11.45 | $ | 10.22 | ||||||
Total return(D) | 15.78 | %(E) | 14.29 | % | 2.31 | %(E) | ||||||
Net assets end of period/year (000’s) | $ | 1,378,820 | $ | 1,200,201 | $ | 936,279 | ||||||
Ratio and supplemental data | ||||||||||||
Expenses to average net assets | ||||||||||||
After reimbursement/waiver or recapture | 0.77 | %(F) | 0.77 | % | 0.83 | %(F) | ||||||
Before reimbursement/waiver or recapture | 0.77 | %(F) | 0.77 | % | 0.83 | %(F) | ||||||
Net investment income to average net assets | 1.63 | %(F) | 1.92 | % | 0.83 | %(F) | ||||||
Portfolio turnover rate | 34 | %(E) | 66 | % | 6 | %(E) |
(A) | Commenced operations August 31, 2011. |
(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. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 124
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
For a share outstanding throughout each period | Transamerica Total Return | |||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 10.89 | $ | 10.42 | $ | 10.80 | $ | 10.85 | $ | 9.58 | $ | 10.47 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(A) | 0.09 | 0.23 | 0.30 | 0.35 | 0.49 | 0.49 | ||||||||||||||||||
Net realized and unrealized gain (loss) | 0.12 | 0.62 | (0.07 | ) | 0.67 | 1.64 | (0.88 | ) | ||||||||||||||||
Total from investment operations | 0.21 | 0.85 | 0.23 | 1.02 | 2.13 | (0.39 | ) | |||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.09 | ) | (0.33 | ) | (0.30 | ) | (0.34 | ) | (0.67 | ) | (0.44 | ) | ||||||||||||
Net realized gains on investments | (0.10 | ) | (0.05 | ) | (0.31 | ) | (0.73 | ) | (0.19 | ) | (0.06 | ) | ||||||||||||
Total distributions | (0.19 | ) | (0.38 | ) | (0.61 | ) | (1.07 | ) | (0.86 | ) | (0.50 | ) | ||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 10.91 | $ | 10.89 | $ | 10.42 | $ | 10.80 | $ | 10.85 | $ | 9.58 | ||||||||||||
Total return(B) | 1.90 | %(C) | 8.30 | % | 2.45 | % | 10.25 | % | 23.74 | % | (4.04 | )% | ||||||||||||
Net assets end of period/year (000’s) | $ | 674,847 | $ | 803,780 | $ | 625,735 | $ | 667,721 | $ | 505,329 | $ | 555,428 | ||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 0.75 | %(D) | 0.74 | % | 0.74 | % | 0.74 | % | 0.74 | % | 0.75 | % | ||||||||||||
Before reimbursement/waiver or recapture | 0.75 | %(D) | 0.74 | % | 0.74 | % | 0.74 | % | 0.74 | % | 0.75 | % | ||||||||||||
Net investment income to average net assets | 1.68 | %(D) | 2.16 | % | 2.92 | % | 3.30 | % | 4.95 | % | 4.66 | % | ||||||||||||
Portfolio turnover rate | 176 | %(C) | 98 | % | 144 | % | 222 | % | 841 | % | 751 | % |
(A) | Calculated based on average number of shares outstanding. |
(B) | Total return has been calculated for the applicable period without deduction of a sales load, if any, on an initial purchase. |
(C) | Not annualized. |
(D) | Annualized. |
Note: Prior to November 1, 2009, the financial highlights were audited by another independent registered public accounting firm. |
For a share outstanding throughout each period | Transamerica Value | |||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 22.84 | $ | 20.74 | $ | 21.56 | $ | 18.44 | $ | 16.93 | $ | 28.93 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(A) | 0.17 | 0.29 | 0.24 | 0.19 | 0.15 | 0.24 | ||||||||||||||||||
Net realized and unrealized gain (loss) | 3.29 | 1.86 | (0.62 | ) | 3.20 | 1.36 | (11.45 | ) | ||||||||||||||||
Total from investment operations | 3.46 | 2.15 | (0.38 | ) | 3.39 | 1.51 | (11.21 | ) | ||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.35 | ) | (0.05 | ) | (0.44 | ) | (0.27 | ) | — | (0.42 | ) | |||||||||||||
Net realized gains on investments | — | — | — | — | — | (0.37 | ) | |||||||||||||||||
Total distributions | (0.35 | ) | (0.05 | ) | (0.44 | ) | (0.27 | ) | — | (0.79 | ) | |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 25.95 | $ | 22.84 | $ | 20.74 | $ | 21.56 | $ | 18.44 | $ | 16.93 | ||||||||||||
Total return(B) | 15.31 | %(C) | 10.42 | % | (1.87 | )% | 18.53 | % | 8.92 | % | (39.75 | )% | ||||||||||||
Net assets end of period/year (000’s) | $ | 402,553 | $ | 271,559 | $ | 307,724 | $ | 383,134 | $ | 423,550 | $ | 336,845 | ||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 0.87 | %(D) | 0.87 | % | 0.87 | % | 0.87 | % | 0.87 | % | 0.86 | % | ||||||||||||
Before reimbursement/waiver or recapture | 0.87 | %(D) | 0.87 | % | 0.87 | % | 0.87 | % | 0.87 | % | 0.86 | % | ||||||||||||
Net investment income to average net assets | 1.39 | %(D) | 1.37 | % | 1.06 | % | 0.98 | % | 0.91 | % | 1.00 | % | ||||||||||||
Portfolio turnover rate | 12 | %(C) | 16 | % | 4 | % | — | %(E) | 17 | % | 29 | % |
(A) | Calculated based on average number of shares outstanding. |
(B) | Total return has been calculated for the applicable period without deduction of a sales load, if any, on an initial purchase. |
(C) | Not annualized. |
(D) | Annualized. |
(E) | Rounds to less than 1%. |
Note: Prior to November 1, 2009, 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 2013 |
Page 125
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 example is 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 example are based on an investment of $1,000 invested at November 1, 2012 and held for the entire period until April 30, 2013.
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 fund’s actual return. 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, 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 covered by 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 | Beginning Account Value | Ending Account Value | Expenses Paid During Period(B) | Ending Account Value | Expenses Paid During Period(B) | Annualized Expense Ratio | ||||||||||||||||||
Transamerica Commodity Strategy | $ | 1,000.00 | $ | 935.90 | $ | 3.55 | $ | 1,021.13 | $ | 3.71 | 0.74 | % | ||||||||||||
Transamerica Global Allocation | 1,000.00 | 1,088.10 | 5.18 | 1,019.84 | 5.01 | 1.00 | ||||||||||||||||||
Transamerica Global Macro | 1,000.00 | 996.50 | 7.43 | 1,017.36 | 7.50 | 1.50 | ||||||||||||||||||
Transamerica Managed Futures Strategy | 1,000.00 | 1,126.10 | 6.96 | 1,018.25 | 6.61 | 1.32 |
(A) | 5% return per year before expenses. |
(B) | Expenses are calculated using the funds’ annualized expense ratios (as disclosed in the table), multiplied by the average account value for the period, multiplied by the number of days in the period (181 days), and divided by the number of days in the year (365 days). |
Transamerica Funds | Semi-Annual Report 2013 |
Page 126
Schedules of Investments Composition
At April 30, 2013
(The following charts summarize the Schedule of Investments of each fund by asset type)
(unaudited)
Transamerica Commodity Strategy | % of Net Assets | |||
Repurchase Agreement | 58.4 | % | ||
Short-Term U.S. Government Obligations | 32.1 | |||
Securities Lending Collateral | 16.2 | |||
Other Assets and Liabilities - Net(A) | (6.7 | ) | ||
Total | 100.0 | % | ||
|
| |||
Transamerica Global Allocation | % of Net Assets | |||
Common Stocks | 55.8 | % | ||
Short-Term U.S. Government Obligations | 17.1 | |||
Securities Lending Collateral | 9.9 | |||
Foreign Government Obligations | 7.9 | |||
U.S. Government Obligations | 5.4 | |||
Corporate Debt Securities | 3.6 | |||
Convertible Bonds | 3.1 | |||
Short-Term Foreign Government Obligations | 1.7 | |||
Investment Companies | 1.5 | |||
Convertible Preferred Stocks | 1.1 | |||
Purchased Options | 0.9 | |||
Preferred Stocks | 0.9 | |||
Loan Assignments | 0.4 | |||
Repurchase Agreement | 0.3 | |||
Mortgage-Backed Security | 0.1 | |||
Preferred Corporate Debt Securities | 0.1 | |||
U.S. Government Agency Obligation | 0.1 | |||
Warrants | 0.0 | (B) | ||
Purchased Swaption | 0.0 | (B) | ||
Purchased foreign exchange option | 0.0 | (B) | ||
Rights | 0.0 | (B) | ||
Other Assets and Liabilities - Net(A) | (9.9 | ) | ||
Total | 100.0 | % | ||
|
| |||
Transamerica Global Macro | % of Net Assets | |||
Repurchase Agreement | 100.1 | % | ||
Other Assets and Liabilities - Net | (0.1 | ) | ||
Total | 100.0 | % | ||
|
| |||
Transamerica Managed Futures Strategy | % of Net Assets | |||
Investment Companies | 82.0 | % | ||
Short-Term U.S. Government Obligation | 9.8 | |||
Other Assets and Liabilities - Net(A) | 8.2 | |||
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, and Cash Collateral. |
(B) | Amount rounds to less than 0.1% |
Transamerica Funds | Semi-Annual Report 2013 |
Page 127
Transamerica Commodity Strategy
CONSOLIDATED SCHEDULE OF INVESTMENTS
At April 30, 2013
(unaudited)
Principal | Value | |||||||
SHORT-TERM U.S. GOVERNMENT OBLIGATIONS - 32.1% |
| |||||||
U.S. Treasury Bill | ||||||||
0.06%, 08/22/2013 (A) | $ | 20,000,000 | $ | 19,989,328 | ||||
0.08%, 09/19/2013 (A) (B) | 20,000,000 | 19,986,252 | ||||||
|
| |||||||
Total Short-Term U.S. Government Obligations |
| 39,975,580 | ||||||
|
| |||||||
Shares | Value | |||||||
SECURITIES LENDING COLLATERAL - 16.2% |
| |||||||
State Street Navigator Securities Lending Trust - Prime Portfolio, | 20,196,000 | 20,196,000 | ||||||
|
| |||||||
Total Securities Lending Collateral |
| 20,196,000 | ||||||
|
|
Principal | Value | |||||||
REPURCHASE AGREEMENT - 58.4% | ||||||||
State Street Bank & Trust Co. | $ | 72,872,961 | $ | 72,872,961 | ||||
|
| |||||||
Total Repurchase Agreement (cost $72,872,961) |
| 72,872,961 | ||||||
|
| |||||||
Total Investment Securities (cost $133,044,541) (C) |
| 133,044,541 | ||||||
Other Assets and Liabilities - Net |
| (8,386,763 | ) | |||||
|
| |||||||
Net Assets | $ | 124,657,778 | ||||||
|
|
OVER THE COUNTER SWAP AGREEMENTS: (D)
TOTAL RETURN SWAP AGREEMENTS - RECEIVABLE: (F) | ||||||||||||||||||||||||||
Reference Entity | Fixed Rate | Termination Date | Counterparty | Notional Amount | Market Value | Premiums Paid (Received) | Unrealized (Depreciation) | |||||||||||||||||||
Dow Jones-UBS Commodity Custom Index (E) | 0.27% | 06/13/2013 | UBS | $ | 282,069 | $ | (6,578 | ) | $ | — | $ | (6,578 | ) | |||||||||||||
Dow Jones-UBS Commodity Custom Index (E) | 0.27 | 06/13/2013 | UBS | 423,708 | (9,881 | ) | — | (9,881 | ) | |||||||||||||||||
Dow Jones-UBS Commodity Custom Index (E) | 0.25 | 06/17/2013 | BOA | 597,947 | (14,108 | ) | — | (14,108 | ) | |||||||||||||||||
|
|
|
|
|
| |||||||||||||||||||||
$ | (30,567 | ) | $ | — | $ | (30,567 | ) | |||||||||||||||||||
|
|
|
|
|
|
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 April 30, 2013:
Counterparty | Total Market Value of OTC Derivatives | Collateral (Received) Pledged | Net Exposures (1) | |||||||||
BOA | $ | (14,108) | $ | 6,580,000 | $ | 6,565,892 | ||||||
UBS | (16,459) | 6,795,575 | 6,779,116 |
(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:
(A) | Rate shown reflects the yield at April 30, 2013. |
(B) | All or a portion of this security is on loan. The value of all securities on loan is $19,793,995. The amount of securities on loan indicated may not correspond with the securities on loan identified because securities with pending sales are in the process of recall from the brokers. |
(C) | Aggregate cost for federal income tax purposes is $133,044,541. Net unrealized appreciation/depreciation for tax purposes is $0. |
(D) | Cash in the amount of $13,375,575 has been segregated by the custodian with the broker as collateral for open swap contracts. |
(E) | Illiquid. Total aggregate market value of illiquid derivatives is $(30,567), or (0.02)% of the fund’s net assets. |
(F) | 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:
BOA | Bank of America | |
OTC | Over the Counter | |
UBS | UBS AG |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 128
Transamerica Commodity Strategy
CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
VALUATION SUMMARY: (G)
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
ASSETS | ||||||||||||||||
Investment Securities | ||||||||||||||||
Short-Term U.S. Government Obligations | $ | — | $ | 39,975,580 | $ | — | $ | 39,975,580 | ||||||||
Securities Lending Collateral | 20,196,000 | — | — | 20,196,000 | ||||||||||||
Repurchase Agreement | — | 72,872,961 | — | 72,872,961 | ||||||||||||
Total Investment Securities | $ | 20,196,000 | $ | 112,848,541 | $ | — | $ | 133,044,541 | ||||||||
Other Assets (H) | ||||||||||||||||
Cash on Deposit with Broker | $ | 1,600,000 | $ | — | $ | — | $ | 1,600,000 | ||||||||
Cash on Deposit with Custodian | 13,375,575 | — | — | 13,375,575 | ||||||||||||
Total Other Assets | $ | 14,975,575 | $ | — | $ | — | $ | 14,975,575 | ||||||||
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
LIABILITIES | ||||||||||||||||
Derivative Financial Instruments | ||||||||||||||||
Total Return Swap Agreements (I) | $ | — | $ | (30,567 | ) | $ | — | $ | (30,567 | ) | ||||||
Total Derivative Financial Instruments | $ | — | $ | (30,567 | ) | $ | — | $ | (30,567 | ) | ||||||
Other Liabilities (H) | ||||||||||||||||
Collateral for Securities on Loan | $ | — | $ | (20,196,000 | ) | $ | — | $ | (20,196,000 | ) | ||||||
Total Other Liabilities | $ | — | $ | (20,196,000 | ) | $ | — | $ | (20,196,000 | ) |
(G) | Transfers between levels are considered to have occurred at the end of the reporting period. There were no transfers between Levels 1 and 2 during the period ended April 30, 2013. See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
(H) | Certain assets and liabilities are held at carrying amount or face value, which approximates fair value for financial reporting purposes. |
(I) | 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 2013 |
Page 129
Transamerica Global Allocation
CONSOLIDATED SCHEDULE OF INVESTMENTS
At April 30, 2013
(unaudited)
Principal | Value | |||||||
U.S. GOVERNMENT OBLIGATIONS - 5.4% |
| |||||||
United States - 5.4% |
| |||||||
U.S. Treasury Note | ||||||||
0.63%, 09/30/2017 | $ 1,543,500 | $ 1,547,238 | ||||||
1.00%, 09/30/2019 | 1,161,500 | 1,163,043 | ||||||
1.25%, 10/31/2019 (A) | 392,000 | 398,462 | ||||||
1.38%, 09/30/2018 | 1,633,800 | 1,687,281 | ||||||
1.63%, 11/15/2022 | 794,500 | 793,383 | ||||||
1.75%, 05/15/2022 (B) | 562,400 | 572,462 | ||||||
2.00%, 11/15/2021 | 473,600 | 495,060 | ||||||
2.25%, 03/31/2016 (A) | 3,014,700 | 3,185,217 | ||||||
2.63%, 08/15/2020 | 2,664,900 | 2,939,926 | ||||||
3.50%, 05/15/2020 (A) | 5,061,200 | 5,891,950 | ||||||
|
| |||||||
Total U.S. Government Obligations (cost $17,485,788) |
| 18,674,022 | ||||||
|
| |||||||
U.S. GOVERNMENT AGENCY OBLIGATION - 0.1% |
| |||||||
United States - 0.1% | ||||||||
Fannie Mae | 27,405 | 125,515 | ||||||
|
| |||||||
Total U.S. Government Agency Obligation |
| 125,515 | ||||||
|
| |||||||
FOREIGN GOVERNMENT OBLIGATIONS - 7.9% |
| |||||||
Australia - 1.7% | ||||||||
Australia Government Bond 5.50%, 12/15/2013 - 04/21/2023 | AUD 3,579,000 | 4,306,462 | ||||||
Queensland Treasury Corp. 6.00%, 09/14/2017 - 06/14/2021 | 1,427,000 | 1,673,863 | ||||||
Brazil - 1.3% | ||||||||
Brazil Notas do Tesouro Nacional | ||||||||
Series B | ||||||||
6.00%, 08/15/2022 | BRL 1,997,000 | 2,594,889 | ||||||
Series F | ||||||||
10.00%, 01/01/2021 | 3,871,000 | 1,993,684 | ||||||
Canada - 0.4% | ||||||||
Canadian Government Bond | ||||||||
1.50%, 03/01/2017 | CAD 560,000 | 563,674 | ||||||
3.50%, 06/01/2020 | 416,000 | 471,134 | ||||||
4.00%, 06/01/2016 | 338,000 | 365,326 | ||||||
Germany - 1.8% | ||||||||
Bundesrepublik Deutschland | ||||||||
3.50%, 07/04/2019 | EUR 1,770,400 | 2,755,051 | ||||||
4.25%, 07/04/2017 | 2,237,418 | 3,440,119 | ||||||
Hong Kong - 0.3% | ||||||||
Hong Kong Government Bond | ||||||||
0.27%, 12/18/2017 | HKD 1,450,000 | 186,393 | ||||||
1.67%, 03/24/2014 | 1,300,000 | 169,800 | ||||||
1.69%, 12/22/2014 | 1,500,000 | 198,078 | ||||||
3.51%, 12/08/2014 | 2,900,000 | 393,712 | ||||||
3.56%, 06/25/2018 | 900,000 | 134,816 | ||||||
Malaysia - 0.5% | ||||||||
Malaysia Government Bond | ||||||||
3.21%, 05/31/2013 | MYR 1,918,000 | 630,465 | ||||||
3.46%, 07/31/2013 | 1,142,000 | 375,729 | ||||||
5.09%, 04/30/2014 | 1,872,000 | 628,172 | ||||||
Netherlands - 0.1% | ||||||||
Netherlands Government Bond 1.00%, 02/24/2017 - 144A | $ 373,000 | 377,849 |
Principal | Value | |||||||
FOREIGN GOVERNMENT OBLIGATIONS (continued) |
| |||||||
Russian Federation - 0.1% | ||||||||
Russian Federal Bond - OFZ 7.50%, 02/27/2019 | RUB 12,165,000 | $ 419,055 | ||||||
Switzerland - 0.2% | ||||||||
Switzerland Government Bond | ||||||||
2.00%, 04/28/2021 - 05/25/2022 | CHF 255,000 | 309,938 | ||||||
4.00%, 02/11/2023 | 196,000 | 278,928 | ||||||
Turkey - 0.3% | ||||||||
Turkey Government Bond | TRY 1,523,421 | 843,730 | ||||||
United Kingdom - 1.2% | ||||||||
U.K. Gilt | GBP 2,159,877 | 4,162,704 | ||||||
|
| |||||||
Total Foreign Government Obligations |
| 27,273,571 | ||||||
|
| |||||||
MORTGAGE-BACKED SECURITY - 0.1% |
| |||||||
United States - 0.1% | ||||||||
Banc of America Large Loan, Inc. Series 2010-HLTN, Class HLTN 2.50%, 11/15/2015 - 144A (C) | $ 353,803 | 356,538 | ||||||
|
| |||||||
Total Mortgage-Backed Security (cost $320,063) |
| 356,538 | ||||||
|
| |||||||
PREFERRED CORPORATE DEBT SECURITIES - 0.1% |
| |||||||
United States - 0.1% | ||||||||
Deutsche Bank Capital Funding Trust VII 5.63%, 01/19/2016 - 144A (C) (D) | 64,000 | 63,200 | ||||||
USB Capital IX 3.50%, 06/03/2013 (C) (D) | 265,000 | 248,438 | ||||||
|
| |||||||
Total Preferred Corporate Debt Securities |
| 311,638 | ||||||
|
| |||||||
CORPORATE DEBT SECURITIES - 3.6% |
| |||||||
Argentina - 0.0% (E) | ||||||||
Empresa Distribuidora Y Comercializadora Norte 9.75%, 10/25/2022 - 144A | 73,000 | 33,945 | ||||||
Australia - 0.2% | ||||||||
FMG Resources August 2006 Pty, Ltd. 6.00%, 04/01/2017 - 144A (A) | 120,000 | 124,800 | ||||||
TFS Corp., Ltd. 11.00%, 07/15/2018 - 144A (F) | 515,000 | 489,250 | ||||||
Austria - 0.1% | ||||||||
OGX Austria GmbH 8.50%, 06/01/2018 - 144A (A) | 340,000 | 213,350 | ||||||
Brazil - 0.1% | ||||||||
Banco Bradesco SA 4.50%, 01/12/2017 - 144A (A) | 200,000 | 216,000 | ||||||
Hypermarcas SA 6.50%, 04/20/2021 - 144A | 170,000 | 183,005 | ||||||
Canada - 0.0% (E) | ||||||||
Viterra, Inc. | 106,000 | 115,644 | ||||||
Cayman Islands - 0.1% |
| |||||||
Hutchison Whampoa International 11, Ltd. 3.50%, 01/13/2017 - 144A | 271,000 | 287,610 | ||||||
Odebrecht Drilling Norbe VIII/IX, Ltd. 6.35%, 06/30/2021 - 144A | 179,550 | 199,301 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 130
Transamerica Global Allocation
CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Principal | Value | |||||||
Chile - 0.2% | ||||||||
Banco del Estado de Chile 2.03%, 04/02/2015 | $ 250,000 | $ 248,473 | ||||||
Banco Santander Chile 2.29%, 02/14/2014 - 144A (C) | 270,000 | 267,697 | ||||||
Inversiones Alsacia SA 8.00%, 08/18/2018 - 144A (F) | 177,100 | 147,879 | ||||||
Germany - 0.1% | ||||||||
Unitymedia Hessen GmbH & Co. KG / Unitymedia NRW GmbH 5.50%, 01/15/2023 - 144A | 200,000 | 207,000 | ||||||
Guernsey, Channel Islands - 0.1% | ||||||||
Credit Suisse Group Guernsey I, Ltd. 7.88%, 02/24/2041 - Reg S (C) | 200,000 | 219,500 | ||||||
Ireland - 0.0% (E) | ||||||||
Nara Cable Funding, Ltd. 8.88%, 12/01/2018 - 144A | EUR 100,000 | 141,572 | ||||||
Italy - 0.1% | ||||||||
Intesa Sanpaolo SpA | $ 289,000 | 288,895 | ||||||
Korea, Republic of - 0.1% | ||||||||
Export-Import Bank of Korea 1.25%, 11/20/2015 | 200,000 | 198,948 | ||||||
Luxembourg - 0.3% | ||||||||
Capsugel FinanceCo S.C.A. 9.88%, 08/01/2019 - 144A | EUR 100,000 | 150,132 | ||||||
Intelsat Jackson Holdings SA 7.50%, 04/01/2021 | $ 234,000 | 263,835 | ||||||
Sberbank of Russia Via SB Capital SA 5.13%, 10/29/2022 - 144A (A) | 200,000 | 202,620 | ||||||
TNK-BP Finance SA | 100,000 | 114,000 | ||||||
7.50%, 07/18/2016 - 144A | 100,000 | 114,625 | ||||||
Mexico - 0.0% (E) | ||||||||
Banco Santander Mexico SA Institucion de Banca Multiple Grupo Financiero Santand | 150,000 | 151,125 | ||||||
Netherlands - 0.1% | ||||||||
Cooperatieve Centrale Raiffeisen-Boerenleenbank BA | 279,000 | 300,455 | ||||||
Ziggo BV | EUR 100,000 | 132,354 | ||||||
Singapore - 0.0% (E) | ||||||||
Bumi Investment Pte, Ltd. 10.75%, 10/06/2017 - 144A (A) | $ 144,000 | �� | 116,280 | |||||
Sweden - 0.1% | ||||||||
Nordea Bank AB | 200,000 | 213,540 | ||||||
Switzerland - 0.0% (E) | ||||||||
UBS AG | 100,000 | 119,014 | ||||||
United Kingdom - 0.3% | ||||||||
BAT International Finance PLC 2.13%, 06/07/2017 - 144A | 185,000 | 191,484 | ||||||
Lloyds TSB Bank PLC, Series EMTN 13.00%, 01/21/2029 (C) (D) | GBP 340,000 | 797,490 | ||||||
United States - 1.7% | ||||||||
Ally Financial, Inc. | $ 155,000 | 158,488 |
Principal | Value | |||||||
United States (continued) | ||||||||
Anheuser-Busch InBev Worldwide, Inc. 1.38%, 07/15/2017 | $ 157,000 | $ 159,103 | ||||||
Apple, Inc. | 448,000 | 447,695 | ||||||
Bank of America Corp. | 268,000 | 268,858 | ||||||
Bank of America Corp., Series MTN 1.35%, 03/22/2018 (C) | 143,000 | 142,664 | ||||||
Building Materials Corp. of America 6.88%, 08/15/2018 - 144A | 61,000 | 65,880 | ||||||
Cablevision Systems Corp. 5.88%, 09/15/2022 | 118,000 | 119,475 | ||||||
Calpine Corp. (Escrow Shares) 8.75%, 07/15/2013 (G) | 2,142,000 | — | ||||||
CIT Group, Inc. | 211,000 | 222,077 | ||||||
Citigroup, Inc. | 142,000 | 148,745 | ||||||
CONSOL Energy, Inc. | 300,000 | 324,750 | ||||||
Cricket Communications, Inc. 7.75%, 10/15/2020 | 117,000 | 119,048 | ||||||
Daimler Finance North America LLC 0.88%, 01/09/2015 - 144A (C) | 283,000 | 283,996 | ||||||
DaVita HealthCare Partners, Inc. 6.38%, 11/01/2018 (A) | 54,000 | 57,713 | ||||||
Delta Topco Limited | 534,020 | 542,404 | ||||||
DJO Finance LLC / DJO Finance Corp. 9.75%, 10/15/2017 | 50,000 | 52,625 | ||||||
Ford Motor Credit Co., LLC 2.38%, 01/16/2018 | 200,000 | 200,857 | ||||||
General Electric Capital Corp. 6.25%, 12/15/2022 (C) (D) | 300,000 | 331,660 | ||||||
General Electric Capital Corp., | 197,000 | 237,839 | ||||||
HSBC USA, Inc. | 196,000 | 197,302 | ||||||
Hughes Satellite Systems Corp. | ||||||||
7.63%, 06/15/2021 | 89,000 | 102,128 | ||||||
Hyundai Capital America | ||||||||
1.63%, 10/02/2015 - 144A | 74,000 | 74,111 | ||||||
2.13%, 10/02/2017 - 144A | 117,000 | 117,279 | ||||||
JPMorgan Chase & Co. | 365,000 | 370,931 | ||||||
Morgan Stanley, | 119,000 | 149,051 | ||||||
NBCUniversal Enterprise, Inc. 5.25%, 03/19/2021 - 144A (D) | 200,000 | 201,909 | ||||||
Phibro Animal Health Corp. 9.25%, 07/01/2018 - 144A | 52,000 | 56,290 | ||||||
Reliance Holdings USA, Inc. 4.50%, 10/19/2020 - 144A | 294,000 | 315,652 | ||||||
Sabine Pass Liquefaction LLC 5.63%, 04/15/2023 - 144A | 138,000 | 141,795 | ||||||
SunGard Data Systems, Inc. 7.38%, 11/15/2018 | 171,000 | 184,680 | ||||||
Texas Industries, Inc. | 118,000 | 131,423 | ||||||
|
| |||||||
Total Corporate Debt Securities (cost $12,005,376) |
| 12,376,251 | ||||||
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 131
Transamerica Global Allocation
CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Principal | Value | |||||||
CONVERTIBLE BONDS - 3.1% |
| |||||||
Bermuda - 0.0% (E) |
| |||||||
Celestial Nutrifoods, Ltd. | SGD 1,400,000 | $ 11,366 | ||||||
Cayman Islands - 0.3% | ||||||||
China Milk Products Group, Ltd. | $ 600,000 | 180,000 | ||||||
FU JI Food and Catering Services Holdings, Ltd. | CNY 2,700,000 | 4,379 | ||||||
Pyrus, Ltd. | $200,000 | 268,200 | ||||||
Zeus Cayman | JPY 44,000,000 | 440,068 | ||||||
China - 0.0% (E) | ||||||||
China Petroleum & Chemical Corp. Zero Coupon, 04/24/2014 | HKD 820,000 | 126,273 | ||||||
India - 0.2% | ||||||||
REI Agro, Ltd. | $ 640,000 | 448,704 | ||||||
Suzlon Energy, Ltd. | ||||||||
Zero Coupon, 10/11/2012 (J) | 187,000 | 125,758 | ||||||
Zero Coupon, 07/25/2014 (F) | 342,000 | 222,300 | ||||||
Jersey, Channel Islands - 0.4% | ||||||||
Dana Gas Sukuk, Ltd. | 1,400,000 | 1,309,000 | ||||||
Netherlands - 0.5% | ||||||||
Bio City Development Co. B.V. | 1,200,000 | 1,198,500 | ||||||
Volkswagen International Finance NV 5.50%, 11/09/2015 - 144A | EUR 400,000 | 543,411 | ||||||
Singapore - 0.5% | ||||||||
CapitaLand, Ltd. | ||||||||
2.10%, 11/15/2016 | SGD 500,000 | 407,465 | ||||||
2.95%, 06/20/2022 | 750,000 | 611,198 | ||||||
3.13%, 03/05/2018 | 250,000 | 221,341 | ||||||
Keppel Land, Ltd. | 200,000 | 162,377 | ||||||
Olam International, Ltd. 6.00%, 10/15/2016 | $ 300,000 | 294,000 | ||||||
United Kingdom - 0.1% | ||||||||
Essar Energy PLC | 200,000 | 164,500 | ||||||
United States - 1.1% | ||||||||
Brookdale Senior Living, Inc. | 39,000 | 45,776 | ||||||
Cobalt International Energy, Inc. 2.63%, 12/01/2019 | 590,000 | 659,694 | ||||||
Cubist Pharmaceuticals, Inc. | 117,000 | 197,876 | ||||||
Electronic Arts, Inc. | 105,000 | 102,244 | ||||||
Forest City Enterprises, Inc. | 195,000 | 220,228 | ||||||
Gilead Sciences, Inc. | 345,000 | 774,525 |
Principal | Value | |||||||
United States (continued) | ||||||||
Hologic, Inc. | $ 383,000 | $ 437,578 | ||||||
Mylan, Inc. | 236,000 | 526,280 | ||||||
Salesforce.com, Inc. | 382,000 | 380,090 | ||||||
Take-Two Interactive Software, Inc. | ||||||||
1.75%, 12/01/2016 | 306,000 | 341,381 | ||||||
4.38%, 06/01/2014 | 73,000 | 107,903 | ||||||
|
| |||||||
Total Convertible Bonds (cost $11,761,715) |
| 10,532,415 | ||||||
|
| |||||||
LOAN ASSIGNMENTS - 0.4% | ||||||||
Canada - 0.0% (E) | ||||||||
Essar Steel Algoma, Inc. | 111,042 | 112,754 | ||||||
United States - 0.4% | ||||||||
Cricket Communications, Inc., Tranche C - , 02/21/2020 (L) | 235,000 | 236,057 | ||||||
Obsidian Natural Gas Trust 7.00%, 11/02/2015 (F) | 324,380 | 326,002 | ||||||
Univision Communications, Inc. 4.75%, 03/02/2020 (C) | 374,000 | 377,540 | ||||||
Vodafone Amers Finance 2, Inc., Tranche B | 385,688 | 395,330 | ||||||
|
| |||||||
Total Loan Assignments (cost $1,423,330) |
| 1,447,683 | ||||||
|
| |||||||
SHORT-TERM U.S. GOVERNMENT OBLIGATIONS - 17.1% |
| |||||||
United States - 17.1% | ||||||||
U.S. Treasury Bill | ||||||||
0.03%, 06/06/2013 - 06/27/2013 (M) | 6,700,000 | 6,699,481 | ||||||
0.04%, 05/16/2013 - 07/11/2013 (M) | 34,800,000 | 34,797,579 | ||||||
0.04%, 07/05/2013 (A) (M) | 1,573,000 | 1,572,787 | ||||||
0.05%, 07/18/2013 - 07/25/2013 (M) | 15,400,000 | 15,398,324 | ||||||
0.06%, 08/01/2013 (M) | 350,000 | 349,969 | ||||||
|
| |||||||
Total Short-Term U.S. Government Obligations (cost $58,818,140) |
| 58,818,140 | ||||||
|
| |||||||
SHORT-TERM FOREIGN GOVERNMENT OBLIGATIONS - 1.7% |
| |||||||
Japan - 0.7% | ||||||||
Japan Treasury Discount Bill | ||||||||
0.04%, 09/10/2013 | JPY 100,000,000 | 1,025,642 | ||||||
0.08%, 05/13/2013 - 06/20/2013 | 150,000,000 | 1,538,599 | ||||||
Mexico - 1.0% | ||||||||
Mexico Cetes | ||||||||
3.95%, 04/03/2014 | MXN 7,984,800 | 633,914 | ||||||
4.08%, 08/22/2013 - 09/19/2013 | 19,606,600 | 1,591,408 | ||||||
4.09%, 10/03/2013 | 13,396,000 | 1,084,482 | ||||||
|
| |||||||
Total Short-Term Foreign Government Obligations (cost $5,932,519) |
| 5,874,045 | ||||||
|
| |||||||
Shares | Value | |||||||
CONVERTIBLE PREFERRED STOCKS - 1.1% |
| |||||||
Canada - 0.3% | ||||||||
Suncor Energy, Inc., 1.69% (M) | 31,177 | 972,028 | ||||||
Germany - 0.2% | ||||||||
Volkswagen AG, 2.31% (A) (M) | 4,103 | 831,590 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 132
Transamerica Global Allocation
CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Shares | Value | |||||||
United States - 0.6% | ||||||||
Cliffs Natural Resources, Inc., 7.00% (A) | 7,300 | $ 149,431 | ||||||
Continental Airlines Finance Trust II, 6.00% | 650 | 31,525 | ||||||
General Motors Co. - Series B, 4.75% | 7,376 | 342,836 | ||||||
Health Care REIT, Inc. - Series I, 6.50% | 3,997 | 270,597 | ||||||
NextEra Energy, Inc., 5.60% | 4,971 | 285,882 | ||||||
Omnicare Capital Trust II - Series B, 4.00% | 2,661 | 144,865 | ||||||
PPL Corp., 8.75% | 3,788 | 215,916 | ||||||
PPL Corp., 9.50% | 4,300 | 251,335 | ||||||
United Technologies Corp., 7.50% | 2,704 | 159,915 | ||||||
Wells Fargo & Co. - Series L, 7.50% | 145 | 191,364 | ||||||
|
| |||||||
Total Convertible Preferred Stocks (cost $3,268,306) |
| 3,847,284 | ||||||
|
| |||||||
PREFERRED STOCKS - 0.9% |
| |||||||
Brazil - 0.2% | ||||||||
Cia Brasileira de Distribuicao Grupo Pao de Acucar, 2.36% (M) | 7,008 | 388,098 | ||||||
Itau Unibanco Holding SA, 3.42% (M) | 18,559 | 312,045 | ||||||
United Kingdom - 0.2% | �� | |||||||
HSBC Holdings PLC - Series 2, 8.00% (A) | 8,400 | 242,172 | ||||||
Royal Bank of Scotland Group PLC - | 5,075 | 117,841 | ||||||
Royal Bank of Scotland Group PLC - | 2,725 | 66,327 | ||||||
Royal Bank of Scotland Group PLC - | 8,364 | 210,522 | ||||||
United States - 0.5% | ||||||||
Bank of America Corp. - Series 8, 8.63% (A) | 15,422 | 393,261 | ||||||
Citigroup Capital XIII, 7.88% (C) | 13,106 | 370,114 | ||||||
GMAC Capital Trust I - Series 2, 8.13% (C) | 16,108 | 441,198 | ||||||
RBS Capital Funding Trust VII - | 5,177 | 114,929 | ||||||
US Bancorp - Series F, 6.50% (A) (C) | 7,244 | 217,030 | ||||||
US Bancorp - Series G, 6.00% (A) (C) | 3,708 | 104,047 | ||||||
|
| |||||||
Total Preferred Stocks (cost $2,651,194) |
| 2,977,584 | ||||||
|
| |||||||
COMMON STOCKS - 55.8% |
| |||||||
Australia - 0.3% | ||||||||
Asciano, Ltd. | 49,050 | 274,591 | ||||||
Mesoblast, Ltd. (A) (N) | 30,579 | 186,403 | ||||||
Newcrest Mining, Ltd. | 13,439 | 234,201 | ||||||
Orica, Ltd. | 7,042 | 166,815 | ||||||
QBE Insurance Group, Ltd. | 18,904 | 262,022 | ||||||
Belgium - 0.2% | ||||||||
Anheuser-Busch InBev NV (A) | 3,846 | 365,946 | ||||||
RHJ International (N) | 36,300 | 175,923 | ||||||
Brazil - 0.8% | ||||||||
Anhanguera Educacional Participacoes SA | 12,739 | 229,216 | ||||||
BR Malls Participacoes SA | 12,244 | 145,343 | ||||||
Cielo SA | 13,345 | 354,043 | ||||||
Cyrela Brazil Realty SA Empreendimentos e Participacoes - Class A | 27,173 | 246,910 | ||||||
Hypermarcas SA (N) | 35,952 | 287,688 | ||||||
MRV Engenharia e Participacoes SA | 46,532 | 200,013 | ||||||
Petroleo Brasileiro SA - Class A ADR (N) | 27,838 | 555,925 | ||||||
Qualicorp SA (N) | 21,112 | 205,765 | ||||||
SLC Agricola SA | 23,980 | 211,904 | ||||||
Telefonica Brasil SA - ADR | 9,578 | 254,583 |
Shares | Value | |||||||
Canada - 1.0% | ||||||||
Athabasca Oil Corp. - Class A (N) | 43,922 | $ 317,824 | ||||||
Bank of Nova Scotia (A) | 4,993 | 287,899 | ||||||
BCE, Inc. (A) | 7,718 | 361,519 | ||||||
Detour Gold Corp. (N) | 6,596 | 79,352 | ||||||
Eldorado Gold Corp. - Class A (A) | 26,997 | 213,575 | ||||||
First Quantum Minerals, Ltd. | 14,841 | 259,123 | ||||||
Kinross Gold Corp. | 6,465 | 35,170 | ||||||
Kinross Gold Corp. | 29,577 | 161,177 | ||||||
Osisko Mining Corp. (N) | 28,022 | 118,213 | ||||||
Rogers Communications, Inc. - Class B | 6,052 | 298,545 | ||||||
Shaw Communications, Inc. - Class B (A) | 18,005 | 409,980 | ||||||
Silver Wheaton Corp. | 13,285 | 325,881 | ||||||
Teck Resources, Ltd. - Class B | 8,063 | 214,234 | ||||||
TELUS Corp. (G) | 6,340 | 227,622 | ||||||
Toronto-Dominion Bank | 2,339 | 191,749 | ||||||
Chile - 0.0% (E) | ||||||||
Sociedad Quimica y Minera de Chile SA - ADR | 2,597 | 128,525 | ||||||
China - 0.0% (E) | ||||||||
Baidu, Inc. - ADR (N) | 1,643 | 141,052 | ||||||
Denmark - 0.0% (E) | ||||||||
TDC A/S - Class B | 12,952 | 105,060 | ||||||
France - 1.8% | ||||||||
AXA SA | 22,244 | 416,418 | ||||||
BNP Paribas SA | 17,578 | 979,449 | ||||||
Cie de St-Gobain | 7,065 | 283,361 | ||||||
European Aeronautic Defence and Space Co., NV | 13,887 | 733,460 | ||||||
Eutelsat Communications SA | 4,791 | 172,975 | ||||||
LVMH Moet Hennessy Louis Vuitton SA | 1,778 | 307,912 | ||||||
Safran SA | 21,023 | 1,032,420 | ||||||
Sanofi | 6,133 | 672,156 | ||||||
Sanofi - ADR | 1,000 | 53,350 | ||||||
Societe Generale SA (N) | 3,793 | 137,767 | ||||||
Technip SA | 1,254 | 134,594 | ||||||
Total SA - ADR | 12,648 | 635,435 | ||||||
Total SA | 11,400 | 574,557 | ||||||
Unibail-Rodamco SE - REIT | 761 | 198,937 | ||||||
Germany - 1.9% | ||||||||
Allianz SE - Class A (A) | 3,637 | 536,691 | ||||||
BASF SE - Class R (A) | 2,156 | 201,366 | ||||||
Bayerische Motoren Werke AG | 2,954 | 272,514 | ||||||
Deutsche Bank AG | 16,440 | 755,825 | ||||||
Deutsche Boerse AG | 3,340 | 208,494 | ||||||
Deutsche Telekom AG | 46,449 | 549,438 | ||||||
Fresenius SE & Co. KGaA | 4,664 | 584,866 | ||||||
Kabel Deutschland Holding AG | 4,514 | 429,030 | ||||||
Lanxess AG | 6,761 | 492,386 | ||||||
Linde AG | 4,193 | 792,955 | ||||||
Muenchener Rueckversicherungs AG (A) | 1,095 | 218,977 | ||||||
RTL Group SA (N) | 5,000 | 357,881 | ||||||
SAP AG | 2,818 | 223,821 | ||||||
Siemens AG - Class A | 6,164 | 643,732 | ||||||
Telefonica Deutschland Holding AG - 144A (N) | 27,826 | 220,826 | ||||||
Hong Kong - 0.6% | ||||||||
Beijing Enterprises Holdings, Ltd. | 96,790 | 723,417 | ||||||
Chaoda Modern Agriculture Holdings, Ltd. (A) (F) (G) (N) | 1,090,190 | 54,540 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 133
Transamerica Global Allocation
CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Shares | Value | |||||||
Hong Kong (continued) | ||||||||
China BlueChemical, Ltd. - Class H | 219,825 | $ 134,272 | ||||||
Dongfeng Motor Group Co., Ltd. - Class H | 53,273 | 79,633 | ||||||
Haitian International Holdings, Ltd. - Series B | 57,386 | 98,353 | ||||||
Link - REIT | 74,630 | 420,747 | ||||||
Sinopharm Group Co., Ltd. - Class H | 72,995 | 216,817 | ||||||
Yuanda China Holdings, Ltd. | 778,504 | 72,231 | ||||||
Zhongsheng Group Holdings, Ltd. (A) | 112,578 | 154,937 | ||||||
Indonesia - 0.0% (E) | ||||||||
Telekomunikasi Indonesia Persero PT | 97,683 | 117,551 | ||||||
Italy - 0.7% | ||||||||
ENI SpA - Class B | 34,666 | 829,066 | ||||||
Fiat Industrial SpA | 70,277 | 793,165 | ||||||
Intesa Sanpaolo SpA | 219,572 | 398,181 | ||||||
Telecom Italia SpA | 88,036 | 74,491 | ||||||
Telecom Italia SpA - RSP | 29,607 | 20,587 | ||||||
UniCredit SpA - Class A (N) | 69,289 | 361,350 | ||||||
Japan - 7.7% | ||||||||
Aisin Seiki Co., Ltd. | 6,030 | 217,423 | ||||||
Asahi Kasei Corp. | 39,800 | 267,007 | ||||||
Astellas Pharma, Inc. | 7,400 | 430,405 | ||||||
Bridgestone Corp. | 21,800 | 821,819 | ||||||
Canon, Inc. | 11,954 | 428,571 | ||||||
Daihatsu Motor Co., Ltd. (A) | 8,780 | 174,006 | ||||||
Daikin Industries, Ltd. | 5,200 | 208,565 | ||||||
Daito Trust Construction Co., Ltd. | 1,900 | 183,987 | ||||||
Denso Corp. | 8,970 | 401,642 | ||||||
East Japan Railway Co. | 10,665 | 899,280 | ||||||
FANUC Corp. | 1,050 | 158,332 | ||||||
Fuji Heavy Industries, Ltd. | 65,420 | 1,234,783 | ||||||
Futaba Industrial Co., Ltd. (A) (N) | 11,200 | 52,045 | ||||||
Hitachi Chemical Co., Ltd. (A) | 13,800 | 215,879 | ||||||
Hitachi, Ltd. | 75,300 | 480,449 | ||||||
Honda Motor Co., Ltd. | 18,982 | 754,529 | ||||||
Hoya Corp. | 16,689 | 333,489 | ||||||
IHI Corp. (A) | 79,000 | 294,168 | ||||||
INPEX Corp. | 98 | 472,483 | ||||||
Japan Airlines Co., Ltd. | 8,600 | 435,800 | ||||||
JGC Corp. | 18,910 | 559,628 | ||||||
JSR Corp. | 11,100 | 255,396 | ||||||
Kao Corp. | 5,100 | 176,304 | ||||||
KDDI Corp. (A) | 11,000 | 528,081 | ||||||
Kirin Holdings Co., Ltd. | 23,100 | 404,490 | ||||||
Kubota Corp. | 50,584 | 724,889 | ||||||
Kuraray Co., Ltd. | 17,630 | 267,475 | ||||||
Kyocera Corp. | 2,100 | 213,479 | ||||||
Kyowa Hakko Kirin Co., Ltd. | 19,180 | 235,114 | ||||||
Mazda Motor Corp. (N) | 24,000 | 82,228 | ||||||
Mitsubishi Corp. | 26,220 | 470,150 | ||||||
Mitsubishi UFJ Financial Group, Inc. | 97,000 | 659,701 | ||||||
Mitsui & Co., Ltd. | 76,832 | 1,054,534 | ||||||
MS&AD Insurance Group Holdings | 25,917 | 693,619 | ||||||
Murata Manufacturing Co., Ltd. | 5,350 | 435,200 | ||||||
Nintendo Co., Ltd. | 2,600 | 288,044 | ||||||
Nippon Telegraph & Telephone Corp. | 5,630 | 278,656 | ||||||
Nitori Holdings Co., Ltd. | 800 | 60,235 | ||||||
Nitto Denko Corp. | 4,000 | 262,605 | ||||||
Nomura Holdings, Inc. | 63,400 | 515,733 | ||||||
NTT DOCOMO, Inc. | 156 | 257,640 |
Shares | Value | |||||||
Japan (continued) | ||||||||
Okumura Corp. | 40,300 | $ 162,878 | ||||||
Rakuten, Inc. | 44,100 | 470,020 | ||||||
Rinnai Corp. | 2,680 | 212,784 | ||||||
ROHM Co., Ltd. | 4,360 | 153,630 | ||||||
Ryohin Keikaku Co., Ltd. | 3,800 | 358,619 | ||||||
Sekisui Chemical Co., Ltd. | 9,000 | 113,187 | ||||||
Shin-Etsu Chemical Co., Ltd. | 12,176 | 819,352 | ||||||
Softbank Corp. | 1,800 | 89,091 | ||||||
Sony Financial Holdings, Inc. | 18,700 | 263,759 | ||||||
Sumitomo Corp. | 12,900 | 160,911 | ||||||
Sumitomo Electric Industries, Ltd. | 17,000 | 225,655 | ||||||
Sumitomo Mitsui Financial Group, Inc. | 23,480 | 1,109,149 | ||||||
Suzuki Motor Corp. (A) | 33,662 | 862,570 | ||||||
T&D Holdings, Inc. | 7,800 | 90,574 | ||||||
Terumo Corp. | 3,350 | 166,323 | ||||||
Toda Corp. | 44,900 | 132,188 | ||||||
Tokio Marine Holdings, Inc. | 44,500 | 1,410,525 | ||||||
Tokyo Gas Co., Ltd. | 112,370 | 640,896 | ||||||
Toyota Industries Corp. | 16,637 | 679,235 | ||||||
Toyota Motor Corp. | 8,800 | 509,124 | ||||||
UBE Industries, Ltd. | 85,100 | 171,972 | ||||||
West Japan Railway Co. | 4,300 | 207,755 | ||||||
Yahoo! Japan Corp. | 248 | 124,019 | ||||||
Yamada Denki Co., Ltd. (A) | 7,180 | 345,798 | ||||||
Korea, Republic of - 0.9% | ||||||||
Cheil Industries, Inc. | 1,728 | 148,903 | ||||||
Hyundai Motor Co. | 1,841 | 333,497 | ||||||
KT Corp. - ADR | 6,128 | 99,641 | ||||||
POSCO | 418 | 119,179 | ||||||
Samsung Electronics Co., Ltd. | 1,765 | 2,436,030 | ||||||
Luxembourg - 0.1% | ||||||||
Tenaris SA - ADR | 4,641 | 206,478 | ||||||
Malaysia - 0.4% | ||||||||
Axiata Group Bhd | 229,412 | 510,475 | ||||||
IHH Healthcare Bhd - Class A (N) | 497,000 | 612,572 | ||||||
Telekom Malaysia Bhd | 113,024 | 205,059 | ||||||
Mexico - 0.2% | ||||||||
Fibra Uno Administracion SA de CV - REIT (A) | 40,500 | 155,632 | ||||||
Fomento Economico Mexicano SAB de CV - ADR | 1,703 | 193,103 | ||||||
Mexichem SAB de CV - Class A (A) | 37,599 | 191,799 | ||||||
TF Administradora Industrial S de RL de CV - Trust Unit REIT (N) | 105,500 | 251,536 | ||||||
Netherlands - 0.5% | ||||||||
ING Groep NV (N) | 41,390 | 339,698 | ||||||
Royal Dutch Shell PLC - Class A ADR | 4,599 | 312,594 | ||||||
Unilever NV | 10,326 | 439,514 | ||||||
Ziggo NV | 16,042 | 574,958 | ||||||
New Zealand - 0.0% (E) | ||||||||
Guinness Peat Group PLC - Class A (A) (N) | 204,264 | 97,172 | ||||||
Philippines - 0.0% (E) | ||||||||
Philippine Long Distance Telephone Co. - ADR | 2,175 | 159,797 | ||||||
Portugal - 0.0% (E) | ||||||||
Zon Multimedia Servicos de Telecomunicacoes e Multimedia SGPS SA | 28,029 | 125,873 | ||||||
Russian Federation - 0.2% | ||||||||
Federal Hydrogenerating Co. JSC - ADR | 86,612 | 147,240 | ||||||
Sberbank of Russia | 116,798 | 370,834 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 134
Transamerica Global Allocation
CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Shares | Value | |||||||
Singapore - 0.6% | ||||||||
CapitaLand, Ltd. (A) | 121,150 | $ 367,866 | ||||||
Keppel - REIT | 9,822 | 12,041 | ||||||
Keppel Corp., Ltd. | 49,111 | 427,035 | ||||||
Oversea-Chinese Banking Corp. | 44,190 | 389,268 | ||||||
Raffles Medical Group, Ltd. | 50,200 | 139,388 | ||||||
Singapore Press Holdings, Ltd. (A) | 31,080 | 112,541 | ||||||
Singapore Telecommunications, Ltd. | 152,450 | 486,424 | ||||||
South Africa - 0.1% | ||||||||
Life Healthcare Group Holdings, Ltd. | 52,248 | 220,730 | ||||||
MTN Group, Ltd. | 4,873 | 87,854 | ||||||
Spain - 0.3% | ||||||||
Banco Bilbao Vizcaya Argentaria SA | 24,943 | 242,095 | ||||||
Banco Bilbao Vizcaya Argentina SA (A) | 445 | 4,323 | ||||||
Banco Santander SA | 45,891 | 331,855 | ||||||
Telefonica SA - ADR | 5,824 | 84,856 | ||||||
Telefonica SA | 24,638 | 361,460 | ||||||
Sweden - 0.2% | ||||||||
Svenska Handelsbanken AB - Class A | 11,392 | 517,479 | ||||||
Switzerland - 1.7% | ||||||||
Credit Suisse Group AG | 10,312 | 285,915 | ||||||
Nestle SA | 15,172 | 1,083,481 | ||||||
Novartis AG | 5,523 | 410,156 | ||||||
Roche Holding AG | 7,444 | 1,860,600 | ||||||
Swisscom AG | 510 | 240,135 | ||||||
Syngenta AG | 3,369 | 1,439,923 | ||||||
UBS AG - Class A (N) | 16,777 | 299,525 | ||||||
Zurich Insurance Group AG (N) | 890 | 248,488 | ||||||
Taiwan - 0.3% | ||||||||
Cheng Shin Rubber Industry Co., Ltd. | 60,670 | 205,372 | ||||||
Chunghwa Telecom Co., Ltd. | 29,333 | 93,231 | ||||||
Chunghwa Telecom Co., Ltd. - ADR | 7,802 | 251,536 | ||||||
Far EasTone Telecommunications Co., Ltd. | 76,069 | 185,327 | ||||||
Yulon Motor Co., Ltd. | 82,057 | 140,691 | ||||||
Thailand - 0.3% | ||||||||
Bangkok Dusit Medical Services PCL - Class F | 47,300 | 272,358 | ||||||
PTT Global Chemical PCL | 155,737 | 387,353 | ||||||
PTT PCL | 20,197 | 224,334 | ||||||
Siam Commercial Bank PCL | 42,975 | 272,346 | ||||||
United Kingdom - 3.2% | ||||||||
Amlin PLC | 14,849 | 97,891 | ||||||
Antofagasta PLC - Class A | 26,639 | 371,383 | ||||||
AstraZeneca PLC | 14,487 | 752,175 | ||||||
AstraZeneca PLC - ADR | 993 | 51,557 | ||||||
BG Group PLC | 52,021 | 876,350 | ||||||
BHP Billiton PLC | 13,797 | 383,839 | ||||||
BP PLC | 32,507 | 235,507 | ||||||
BP PLC - ADR | 8,965 | 390,874 | ||||||
BT Group PLC - Class A | 135,723 | 582,299 | ||||||
Diageo PLC - ADR | 4,154 | 507,619 | ||||||
Genel Energy PLC (N) | 18,499 | 255,745 | ||||||
GlaxoSmithKline PLC | 19,987 | 515,532 | ||||||
GlaxoSmithKline PLC - ADR | 985 | 50,865 | ||||||
Glencore International PLC (A) | 20,958 | 103,183 | ||||||
HSBC Holdings PLC | 112,279 | 1,226,964 | ||||||
Invensys PLC | 43,487 | 259,867 | ||||||
KazMunaiGas Exploration Production JSC - GDR, Reg S | 19,586 | 351,569 | ||||||
Lloyds TSB Group PLC (N) | 404,400 | 341,287 |
Shares | Value | |||||||
United Kingdom (continued) | ||||||||
National Grid PLC - Class B | 59,469 | $ 757,023 | ||||||
NMC Health PLC - Class A (N) | 30,513 | 146,932 | ||||||
Novorossiysk Commercial Sea Port PJSC - GDR, Reg S | 18,241 | 125,863 | ||||||
Pearson PLC | 8,426 | 153,267 | ||||||
Polyus Gold International, Ltd. (N) | 77,490 | 244,349 | ||||||
Shire PLC | 15,364 | 477,791 | ||||||
SSE PLC - Class B | 24,904 | 602,320 | ||||||
Unilever PLC - ADR | 2,561 | 110,943 | ||||||
Unilever PLC | 4,102 | 177,519 | ||||||
Vodafone Group PLC - ADR | 15,606 | 477,388 | ||||||
Vodafone Group PLC | 102,467 | 312,286 | ||||||
United States - 31.8% | ||||||||
3M Co. | 4,711 | 493,289 | ||||||
Abbott Laboratories | 9,648 | 356,204 | ||||||
AbbVie, Inc. - Class G | 12,307 | 566,737 | ||||||
Accenture PLC - Class A | 732 | 59,614 | ||||||
ACE, Ltd. | 10,809 | 963,514 | ||||||
Activision Blizzard, Inc. | 45,453 | 679,522 | ||||||
Adobe Systems, Inc. (N) | 1,687 | 76,050 | ||||||
AES Corp. | 25,864 | 358,475 | ||||||
Aetna, Inc. | 13,371 | 768,030 | ||||||
Agilent Technologies, Inc. | 6,284 | 260,409 | ||||||
Agrium, Inc. | 3,919 | 359,255 | ||||||
Alexion Pharmaceuticals, Inc. (N) | 2,920 | 286,160 | ||||||
Allergan, Inc. | 4,048 | 459,650 | ||||||
Alliance Data Systems Corp. (A) (N) | 448 | 76,953 | ||||||
Amazon.com, Inc. (N) | 1,762 | 447,213 | ||||||
Amdocs, Ltd. | 1,517 | 54,157 | ||||||
American Capital Agency Corp. - REIT | 10,194 | 339,562 | ||||||
American Electric Power Co., Inc. | 9,206 | 473,465 | ||||||
American Express Co. | 11,226 | 767,971 | ||||||
American International Group, Inc. (N) | 6,600 | 273,372 | ||||||
American Tower Corp. - Class A REIT | 6,960 | 584,570 | ||||||
American Water Works Co., Inc. | 8,432 | 353,132 | ||||||
Ameriprise Financial, Inc. | 731 | 54,481 | ||||||
AmerisourceBergen Corp. - Class A | 6,848 | 370,614 | ||||||
Amgen, Inc. (A) | 5,135 | 535,118 | ||||||
Anadarko Petroleum Corp. - Class A | 12,424 | 1,053,058 | ||||||
Apache Corp. | 3,525 | 260,427 | ||||||
Apple, Inc. | 68 | 30,107 | ||||||
Arch Capital Group, Ltd. (A) (N) | 2,863 | 151,911 | ||||||
AT&T, Inc. | 31,440 | 1,177,742 | ||||||
Avery Dennison Corp. (A) | 4,104 | 170,111 | ||||||
Axis Capital Holdings, Ltd. | 1,239 | 55,297 | ||||||
Bank of America Corp. | 94,937 | 1,168,674 | ||||||
Bank of New York Mellon Corp. | 31,239 | 881,565 | ||||||
BB&T Corp. | 10,716 | 329,731 | ||||||
Berkshire Hathaway, Inc. - Class B (N) | 2,431 | 258,464 | ||||||
Boeing Co. | 2,218 | 202,747 | ||||||
BorgWarner, Inc. (N) | 2,735 | 213,795 | ||||||
Bristol-Myers Squibb Co. | 13,949 | 554,054 | ||||||
Brookfield Asset Management, Inc. - Class A (A) | 9,427 | 363,788 | ||||||
Brookfield Property Partners, LP (A) (N) | 540 | 11,923 | ||||||
CA, Inc. | 1,687 | 45,498 | ||||||
Calpine Corp. (N) | 23,111 | 502,202 | ||||||
Canadian Natural Resources, Ltd. (A) | 10,207 | 299,473 | ||||||
Canadian Pacific Railway, Ltd. (A) | 1,378 | 171,726 | ||||||
Capital One Financial Corp. | 8,092 | 467,556 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 135
Transamerica Global Allocation
CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Shares | Value | |||||||
United States (continued) | ||||||||
Cardinal Health, Inc. | 19,119 | $ 845,442 | ||||||
Celgene Corp. (N) | 5,319 | 628,014 | ||||||
CF Industries Holdings, Inc. - Class B | 241 | 44,949 | ||||||
Charter Communications, Inc. - Class A (A) (N) | 3,854 | 388,252 | ||||||
Check Point Software Technologies, Ltd. (A) (N) | 918 | 42,797 | ||||||
Chevron Corp. | 409 | 49,902 | ||||||
Chubb Corp. - Class A | 4,978 | 438,412 | ||||||
Cisco Systems, Inc. | 18,120 | 379,070 | ||||||
Citigroup, Inc. | 20,399 | 951,817 | ||||||
Citrix Systems, Inc. (N) | 5,028 | 312,591 | ||||||
CMS Energy Corp. | 9,343 | 279,729 | ||||||
CNA Financial Corp. - Class A | 1,693 | 57,071 | ||||||
CNH Global NV | 1,179 | 48,492 | ||||||
Coach, Inc. - Class A (A) | 7,089 | 417,259 | ||||||
Cobalt International Energy, Inc. (N) | 9,587 | 267,861 | ||||||
Coca-Cola Co. | 33,534 | 1,419,494 | ||||||
Colgate-Palmolive Co. | 5,755 | 687,205 | ||||||
Comcast Corp. - Class A | 40,132 | 1,657,452 | ||||||
Computer Sciences Corp. | 1,452 | 68,026 | ||||||
Constellation Brands, Inc. - Class A (N) | 1,593 | 78,615 | ||||||
Corning, Inc. | 50,550 | 732,975 | ||||||
Cosan, Ltd. - Class A | 34,456 | 714,962 | ||||||
Coventry Health Care, Inc. | 1,045 | 51,780 | ||||||
Covidien PLC | 6,274 | 400,532 | ||||||
Crown Castle International Corp. (N) | 4,186 | 322,322 | ||||||
Crown Holdings, Inc. (N) | 3,848 | 164,233 | ||||||
Cubist Pharmaceuticals, Inc. (A) (N) | 3,763 | 172,797 | ||||||
Cummins, Inc. | 2,065 | 219,695 | ||||||
CVS Caremark Corp. | 10,631 | 618,512 | ||||||
DaVita HealthCare Partners, Inc. (N) | 2,707 | 321,186 | ||||||
Delphi Automotive PLC - Class A | 3,300 | 152,493 | ||||||
Delta Topco Limited (F) (G) (H) | 645,881 | 411,620 | ||||||
Devon Energy Corp. - Class A | 9,459 | 520,813 | ||||||
Diamond Offshore Drilling, Inc. | 704 | 48,646 | ||||||
Discover Financial Services | 12,371 | 541,108 | ||||||
DISH Network Corp. - Class A | 1,579 | 61,881 | ||||||
Dominion Resources, Inc. | 10,000 | 616,800 | ||||||
Dr. Pepper Snapple Group, Inc. | 2,423 | 118,315 | ||||||
Duke Energy Corp. | 4,758 | 357,802 | ||||||
Eastman Chemical Co. | 877 | 58,452 | ||||||
Eaton Corp. PLC | 4,526 | 277,942 | ||||||
Electronic Arts, Inc. (A) (N) | 32,164 | 566,408 | ||||||
EMC Corp. (N) | 46,317 | 1,038,890 | ||||||
Energizer Holdings, Inc. | 534 | 51,579 | ||||||
EOG Resources, Inc. | 2,857 | 346,154 | ||||||
Equity Residential - REIT | 5,426 | 315,034 | ||||||
Expedia, Inc. | 985 | 55,002 | ||||||
Express Scripts Holding Co. (N) | 6,993 | 415,174 | ||||||
Fidelity National Financial, Inc. - Class A | 7,896 | 212,008 | ||||||
Fidelity National Information Services, Inc. | 1,514 | 63,664 | ||||||
FMC Corp. - Class A | 17,559 | 1,065,831 | ||||||
Ford Motor Co. | 51,597 | 707,395 | ||||||
Freeport-McMoRan Copper & Gold, Inc. | 14,083 | 428,546 | ||||||
Freescale Semiconductor, Ltd. (A) (N) | 40,731 | 630,516 | ||||||
Fusion-io, Inc. (A) (N) | 30,353 | 570,029 | ||||||
General Dynamics Corp. | 670 | 49,553 | ||||||
General Electric Co. | 100,873 | 2,248,459 | ||||||
General Mills, Inc. | 9,634 | 485,746 | ||||||
General Motors Co. (A) (N) | 22,805 | 703,306 |
Shares | Value | |||||||
United States (continued) | ||||||||
Gilead Sciences, Inc. (N) | 12,845 | $ 650,471 | ||||||
Goldcorp, Inc. | 34,277 | 1,013,914 | ||||||
Goldman Sachs Group, Inc. | 4,066 | 593,921 | ||||||
Google, Inc. - Class A (N) | 2,477 | 2,042,460 | ||||||
Halliburton Co. | 6,810 | 291,264 | ||||||
HCA Holdings, Inc. | 16,028 | 639,357 | ||||||
HealthSouth Corp. (N) | 7,120 | 195,800 | ||||||
Helmerich & Payne, Inc. (A) | 860 | 50,413 | ||||||
Hillshire Brands Co. | 10,602 | 380,718 | ||||||
Humana, Inc. - Class A | 10,887 | 806,836 | ||||||
International Game Technology | 10,962 | 185,806 | ||||||
International Paper Co. | 1,345 | 63,188 | ||||||
Intuit, Inc. | 754 | 44,969 | ||||||
Intuitive Surgical, Inc. (N) | 334 | 164,425 | ||||||
Johnson & Johnson | 15,424 | 1,314,588 | ||||||
Johnson Controls, Inc. | 5,822 | 203,828 | ||||||
JPMorgan Chase & Co. | 39,599 | 1,940,747 | ||||||
KBR, Inc. | 5,362 | 161,289 | ||||||
Kimberly-Clark Corp. | 4,218 | 435,255 | ||||||
KLA-Tencor Corp. | 825 | 44,756 | ||||||
Kohl’s Corp. (A) | 7,143 | 336,150 | ||||||
Kraft Foods Group, Inc. (O) | 10,016 | 515,724 | ||||||
Kroger Co. | 1,601 | 55,042 | ||||||
L-3 Communications Holdings, Inc. (A) | 658 | 53,462 | ||||||
Leap Wireless International, Inc. (A) (N) | 7,145 | 40,869 | ||||||
Lear Corp. (A) | 1,004 | 58,011 | ||||||
Liberty Media Corp. - Class A (N) | 2,638 | 303,053 | ||||||
Life Technologies Corp. (N) | 2,712 | 199,847 | ||||||
Lincoln National Corp. (A) | 2,093 | 71,183 | ||||||
M&T Bank Corp. (A) | 2,135 | 213,927 | ||||||
Macy’s, Inc. | 1,213 | 54,100 | ||||||
Manchester United PLC - Class A (A) (N) | 10,850 | 195,083 | ||||||
Marathon Oil Corp. | 42,743 | 1,396,414 | ||||||
Marathon Petroleum Corp. (O) | 21,507 | 1,685,289 | ||||||
Mastercard, Inc. - Class A | 2,968 | 1,641,096 | ||||||
Mattel, Inc. | 9,361 | 427,423 | ||||||
McDonald’s Corp. | 9,292 | 949,085 | ||||||
McKesson Corp. | 5,041 | 533,439 | ||||||
Mead Johnson Nutrition Co. - Class A | 8,525 | 691,292 | ||||||
Medtronic, Inc. | 8,466 | 395,193 | ||||||
Merck & Co., Inc. | 28,250 | 1,327,750 | ||||||
MetLife, Inc. | 7,074 | 275,815 | ||||||
Mettler-Toledo International, Inc. (A) (N) | 1,045 | 218,363 | ||||||
Microsoft Corp. | 40,656 | 1,345,714 | ||||||
Mondelez International, Inc. - Class A | 23,590 | 741,905 | ||||||
Monsanto Co. | 5,524 | 590,074 | ||||||
Morgan Stanley | 9,094 | 201,432 | ||||||
Motorola Solutions, Inc. | 993 | 56,800 | ||||||
Murphy Oil Corp. | 801 | 49,734 | ||||||
National Oilwell Varco, Inc. | 10,490 | 684,158 | ||||||
Newmont Mining Corp. - REIT | 13,893 | 450,133 | ||||||
NextEra Energy, Inc. | 10,845 | 889,615 | ||||||
Northern Trust Corp. | 4,054 | 218,592 | ||||||
Northrop Grumman Corp. | 743 | 56,275 | ||||||
Occidental Petroleum Corp. | 14,959 | 1,335,240 | ||||||
Onyx Pharmaceuticals, Inc. (A) (N) | 2,097 | 198,796 | ||||||
Oracle Corp. (O) | 55,997 | 1,835,582 | ||||||
PACCAR, Inc. | 5,691 | 283,298 | ||||||
Parker Hannifin Corp. | 539 | 47,739 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 136
Transamerica Global Allocation
CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Shares | Value | |||||||
United States (continued) | ||||||||
PepsiCo, Inc. | 14,004 | $ 1,154,910 | ||||||
PerkinElmer, Inc. | 6,899 | 211,454 | ||||||
Perrigo Co. | 2,304 | 275,121 | ||||||
Pfizer, Inc. | 76,366 | 2,219,960 | ||||||
Philip Morris International, Inc. | 632 | 60,413 | ||||||
Phillips 66 | 10,386 | 633,027 | ||||||
Platinum Underwriters Holdings, Ltd. (A) | 1,860 | 105,555 | ||||||
Potash Corp. of Saskatchewan, Inc. | 17,479 | 735,866 | ||||||
PPG Industries, Inc. | 518 | 76,219 | ||||||
PPL Corp. | 11,714 | 391,013 | ||||||
Praxair, Inc. | 1,644 | 187,909 | ||||||
Precision Castparts Corp. | 2,868 | 548,620 | ||||||
Progressive Corp. (A) | 13,255 | 335,219 | ||||||
Prudential Financial, Inc. | 3,105 | 187,604 | ||||||
PulteGroup, Inc. (A) (N) | 21,376 | 448,682 | ||||||
QEP Resources, Inc. (A) | 21,762 | 624,787 | ||||||
QUALCOMM, Inc. | 24,827 | 1,529,840 | ||||||
Raytheon Co. | 918 | 56,347 | ||||||
Red Hat, Inc. (N) | 3,327 | 159,463 | ||||||
Reinsurance Group of America, Inc. - Class A | 701 | 43,848 | ||||||
RenaissanceRe Holdings, Ltd. | 2,331 | 218,858 | ||||||
RHJ International - 144A (N) | 17,100 | 82,801 | ||||||
Rockwell Automation, Inc. - Class B | 8,016 | 679,596 | ||||||
Ross Stores, Inc. | 679 | 44,862 | ||||||
Schlumberger, Ltd. | 16,887 | 1,256,899 | ||||||
Sealed Air Corp. - Class A | 7,731 | 171,010 | ||||||
Simon Property Group, Inc. - REIT | 2,722 | 484,707 | ||||||
SM Energy Co. | 6,147 | 374,967 | ||||||
Southern Copper Corp. (A) | 5,311 | 177,016 | ||||||
Sprint Nextel Corp. (N) | 23,281 | 164,131 | ||||||
St. Joe Co. (A) (N) | 56,287 | 1,101,537 | ||||||
StanCorp Financial Group, Inc. - Class A (A) | 278 | 12,004 | ||||||
State Street Corp. | �� | 10,344 | 604,814 | |||||
Stillwater Mining Co. (A) (N) | 10,746 | 133,680 | ||||||
Suncor Energy, Inc. | 1,462 | 45,541 | ||||||
Symantec Corp. (N) | 1,935 | 47,021 | ||||||
TE Connectivity, Ltd. | 1,367 | 59,533 | ||||||
Tenet Healthcare Corp. (N) | 6,216 | 281,958 | ||||||
Thermo Fisher Scientific, Inc. | 5,386 | 434,542 | ||||||
TIBCO Software, Inc. (N) | 17,085 | 331,620 | ||||||
Tiffany & Co. (A) (O) | 8,683 | 639,763 | ||||||
Time Warner Cable, Inc. | 4,988 | 468,323 | ||||||
Torchmark Corp. (A) | 903 | 56,049 | ||||||
Travelers Cos., Inc. | 7,953 | 679,266 | ||||||
TRW Automotive Holdings Corp. (N) | 2,800 | 168,196 | ||||||
Unilever NV | 2,366 | 100,508 | ||||||
Union Pacific Corp. | 7,247 | 1,072,266 | ||||||
United Continental Holdings, Inc. (A) (N) | 13,877 | 448,227 | ||||||
United Parcel Service, Inc. - Class B | 5,600 | 480,704 | ||||||
United Technologies Corp. | 13,989 | 1,277,056 | ||||||
UnitedHealth Group, Inc. | 9,834 | 589,352 | ||||||
Universal Health Services, Inc. - Class B | 14,000 | 932,260 | ||||||
Unum Group | 1,975 | 55,083 | ||||||
US Bancorp - Class A | 18,757 | 624,233 | ||||||
Valeant Pharmaceuticals International, Inc. (N) | 1,528 | 116,250 | ||||||
Valero Energy Corp. | 1,769 | 71,326 | ||||||
Verizon Communications, Inc. | 22,275 | 1,200,845 | ||||||
Visa, Inc. - Class A (A) | 11,595 | 1,953,294 | ||||||
VMware, Inc. - Class A (A) (N) | 5,230 | 368,715 |
Shares | Value | |||||||
United States (continued) | ||||||||
Wal-Mart Stores, Inc. | 15,670 | $ 1,217,872 | ||||||
Walt Disney Co. - Class A | 1,818 | 114,243 | ||||||
Waters Corp. (N) | 3,775 | 348,810 | ||||||
WellPoint, Inc. | 3,685 | 268,710 | ||||||
Wells Fargo & Co. | 49,054 | 1,863,071 | ||||||
Western Digital Corp. | 1,218 | 67,331 | ||||||
WhiteWave Foods Co. - Class A (A) (N) | 3,578 | 60,504 | ||||||
Whiting Petroleum Corp. (N) | 8,379 | 372,865 | ||||||
Williams-Sonoma, Inc. - Class A (A) (O) | 3,574 | 191,852 | ||||||
Wyndham Worldwide Corp. | 862 | 51,789 | ||||||
XL Group PLC - Class A | 19,045 | 593,061 | ||||||
|
| |||||||
Total Common Stocks (cost $155,954,476) |
| 191,909,812 | ||||||
|
| |||||||
RIGHTS - 0.0% (E) | ||||||||
Brazil - 0.0% (E) | ||||||||
Cia Brasileira de Distribuicao Grupo Pao de Acucar (N) | 8 | 24 | ||||||
Spain - 0.0% (E) | ||||||||
Banco Santander SA (A) (N) | 45,891 | 9,609 | ||||||
|
| |||||||
Total Rights (cost $9,036) |
| 9,633 | ||||||
|
| |||||||
WARRANTS - 0.0% (E) | ||||||||
Australia - 0.0% (E) | ||||||||
TFS Corp., Ltd., Class A (G) (N) Expiration: 07/15/2018 | 190,550 | 24,765 | ||||||
Canada - 0.0% (E) | ||||||||
Kinross Gold Corp. (G) (N) | 9,602 | 48 | ||||||
|
| |||||||
Total Warrants (cost $19,627) |
| 24,813 | ||||||
|
| |||||||
INVESTMENT COMPANIES - 1.5% | ||||||||
United States - 1.5% | ||||||||
ETFS Physical Palladium Shares (N) | 2,675 | 183,157 | ||||||
ETFS Platinum Trust (N) | 2,474 | 365,262 | ||||||
SPDR Gold Shares (A) (N) | 33,155 | 4,733,539 | ||||||
|
| |||||||
Total Investment Companies (cost $4,362,064) |
| 5,281,958 | ||||||
|
| |||||||
Contracts | Value | |||||||
PURCHASED OPTIONS - 0.9% | ||||||||
Call Options - 0.9% | ||||||||
Barrick Gold Corp. | 960 | 1,440 | ||||||
Goldcorp, Inc. | 600 | 1,200 | ||||||
Newmont Mining Corp. | 768 | 3,072 | ||||||
OTC- Activision Blizzard, Inc. | 24,110 | 4,029 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 137
Transamerica Global Allocation
CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Contracts | Value | |||||||
Call Options (continued) | ||||||||
OTC- Aetna, Inc. | 17,499 | $ 59,150 | ||||||
OTC- Agnico-Eagle Mines, Ltd. | 17,848 | 1,389 | ||||||
OTC- Alcoa, Inc. | 43,553 | 978 | ||||||
OTC- Amundi ETF EURO STOXX 50 C | 97,217 | 263,481 | ||||||
OTC- AngloGold Ashanti, Ltd. | 21,165 | 94 | ||||||
OTC- Apple, Inc. | 3,129 | 172,839 | ||||||
OTC- AutoZone, Inc. | 1,828 | 1,321 | ||||||
OTC- Bank of America Corp. | 97,217 | 9,561 | ||||||
OTC- Best Buy Co., Inc. | 52,497 | 103,408 | ||||||
OTC- Boeing Co. | 15,555 | 11,412 | ||||||
OTC- Boston Scientific Corp. | 43,942 | 5,734 | ||||||
OTC- Bristol-Myers Squibb Co. | 43,553 | 3,368 | ||||||
OTC- Broadcom Corp. | 23,332 | 1,628 | ||||||
OTC- Caterpillar, Inc. | 25,276 | 1,855 |
Contracts | Value | |||||||
Call Options (continued) | ||||||||
OTC- Chicago Board Options Exchange Volatility Index (G) | 7,800 | $ 3,900 | ||||||
OTC- Cisco Systems, Inc. | 97,217 | 4,010 | ||||||
OTC- Coeur d’Alene Mines Corp. | 8,468 | 747 | ||||||
OTC- Corning, Inc. | 48,609 | 2,795 | ||||||
OTC- Eldorado Gold Corp. | 25,129 | 199 | ||||||
OTC- EMC Corp. | 68,052 | 1,400 | ||||||
OTC- Endeavour Silver Corp. | 6,729 | 46 | ||||||
OTC- First Majestic Silver Corp. | 4,252 | 474 | ||||||
OTC- Freeport-McMoRan Copper & Gold, Inc. | 52,497 | 1,423 | ||||||
OTC- General Electric Co. | 97,217 | 695 | ||||||
OTC- Gold Fields, Ltd. | 51,951 | 51 | ||||||
OTC- Halliburton Co. | 36,942 | 18,590 | ||||||
OTC- Harmony Gold Mining Co., Ltd. | 13,250 | 787 | ||||||
OTC- Hewlett-Packard Co. | 97,217 | 21,110 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 138
Transamerica Global Allocation
CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Contracts | Value | |||||||
Call Options (continued) | ||||||||
OTC- Humana, Inc. | 7,777 | $ 2,201 | ||||||
OTC- IAMGOLD Corp. | 22,349 | 102 | ||||||
OTC- Intel Corp. | 97,217 | 1,351 | ||||||
OTC- International Business Machines Corp. | 10,111 | 295 | ||||||
OTC- JC Penney Co., Inc. | 27,221 | 623 | ||||||
OTC- JPMorgan Chase & Co. | 97,217 | 20,799 | ||||||
OTC- Kinross Gold Corp. | 96,206 | 2,618 | ||||||
OTC- Las Vegas Sands Corp. | 34,998 | 21,733 | ||||||
OTC- Lowe’s Cos, Inc. | 77,773 | 62,416 | ||||||
OTC- Marvell Technology Group Ltd. | 56,386 | 417 | ||||||
OTC- Mastercard, Inc. | 2,917 | 16,829 | ||||||
OTC- McDonald’s Corp. | 17,499 | 844 | ||||||
OTC- Microsoft Corp. | 97,217 | 7,381 | ||||||
OTC- Monster Beverage Corp. | 13,610 | 1,678 |
Contracts | Value | |||||||
Call Options (continued) | ||||||||
OTC- NetApp, Inc. | 31,887 | $ 1,826 | ||||||
OTC- New Gold, Inc. | 14,254 | 284 | ||||||
OTC- Nikkei 225 | 87 | 409,363 | ||||||
OTC- Nikkei 225 | 87 | 405,448 | ||||||
OTC- Nikkei 225 | 90 | 402,499 | ||||||
OTC- Nikkei 225 | 44 | 137,469 | ||||||
OTC- Nikkei 225 | 12 | 37,492 | ||||||
OTC- Nikkei 225 | 4 | 12,497 | ||||||
OTC- Novagold Resources, Inc. | 13,172 | 2 | ||||||
OTC- Pan American Silver Corp. | 24,034 | 24 | ||||||
OTC- priceline.com, Inc. | 3,889 | 20,279 | ||||||
OTC- QUALCOMM, Inc. | 38,887 | 2,463 | ||||||
OTC- Randgold Resources, Ltd. | 3,244 | 529 | ||||||
OTC- Royal Gold, Inc. | 3,197 | 350 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 139
Transamerica Global Allocation
CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Contracts | Value | |||||||
Call Options (continued) | ||||||||
OTC- Safeway, Inc. | 23,332 | $ 26,171 | ||||||
OTC- Seabridge Gold, Inc. | 2,105 | 268 | ||||||
OTC- Silver Standard Resources, Inc. | 5,883 | 13 | ||||||
OTC- Silver Wheaton Corp. | 24,136 | 3,606 | ||||||
OTC- Silvercorp Metals, Inc. | 13,725 | 10 | ||||||
OTC- Staples, Inc. | 85,551 | 5,443 | ||||||
OTC- Starwood Hotels & Resorts Worldwide, Inc. | 5,833 | 2,082 | ||||||
OTC- Stillwater Mining Co. | 15,393 | 1,222 | ||||||
OTC- TOPIX Index | 1,639 | 280,717 | ||||||
OTC- TOPIX Index | 1,074 | 182,664 | ||||||
OTC- United Technologies Corp. | 14,777 | 1,099 | ||||||
OTC- UnitedHealth Group, Inc. | 19,443 | 1,936 | ||||||
OTC- Visa, Inc. | 8,944 | 32,773 | ||||||
OTC- Western Union Co. | 13,610 | 76 |
Contracts | Value | |||||||
Call Options (continued) | ||||||||
OTC- Yahoo!, Inc. | 68,052 | $ 153,683 | ||||||
OTC- Yama Gold, Inc. | 57,770 | 3,051 | ||||||
OTC- Yum! Brands, Inc. | 13,610 | 900 | ||||||
Put Options - 0.0% (E) | ||||||||
Humana, Inc. | 45 | 10,125 | ||||||
OTC- Korea Composite Stock Price Index | 28 | 20,191 | ||||||
OTC- Russell 2000 Index | 1,314 | 10,123 | ||||||
OTC- Russell 2000 Index | 861 | 1,990 | ||||||
OTC- S&P 500 Index | 1,050 | 9,936 | ||||||
OTC- S&P 500 Index | 537 | 1,105 | ||||||
OTC- S&P 500 Index | 810 | 1,632 | ||||||
OTC- S&P 500 Index | 1,104 | 4,811 | ||||||
OTC- S&P 500 Index | 744 | 12,618 | ||||||
OTC- S&P 500 Index | 743 | 12,698 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 140
Transamerica Global Allocation
CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Contracts | Value | |||||||
Put Options (continued) | ||||||||
S&P 500 Index | 92 | $ 44,160 | ||||||
|
| |||||||
Total Purchased Options (cost $2,492,378) |
| 3,097,101 | ||||||
|
| |||||||
Notional Amount | Value | |||||||
PURCHASED FOREIGN EXCHANGE OPTION - 0.0% (E) |
| |||||||
Put Option - 0.0% (E) | ||||||||
OTC- EUR vs. USD | EUR 2,952,000 | 187 | ||||||
|
| |||||||
Total Purchased Foreign Exchange Option (cost $149,928) |
| 187 | ||||||
|
| |||||||
PURCHASED SWAPTION - 0.0% (E) | ||||||||
Put Option - 0.0% (E) | ||||||||
OTC- If exercised the Series receives floating 3 month LIBOR, and pays 1.07%, European Style Expires 04/04/2018 Counterparty: RBS | JPY 78,804,000 | 15,571 | ||||||
|
| |||||||
Total Purchased Swaption (cost $16,518) |
| 15,571 | ||||||
|
| |||||||
Shares | Value | |||||||
SECURITIES LENDING COLLATERAL - 9.9% |
| |||||||
State Street Navigator Securities Lending Trust - Prime Portfolio, 0.18% (M) | 34,080,443 | 34,080,443 | ||||||
|
| |||||||
Total Securities Lending Collateral (cost $34,080,443) |
| 34,080,443 | ||||||
|
| |||||||
Principal | Value | |||||||
REPURCHASE AGREEMENT - 0.3% |
| |||||||
State Street Bank & Trust Co. 0.03% (M), dated 04/30/2013, to be repurchased at $1,090,244 on 05/01/2013. Collateralized by a U.S. Government Agency Obligation, 3.50%, due 02/01/2032, and with a value of $1,116,057. | $ 1,090,243 | 1,090,243 | ||||||
|
| |||||||
Total Repurchase Agreement (cost $1,090,243) |
| 1,090,243 | ||||||
|
| |||||||
Total Investment Securities (cost $338,678,163) (P) |
| 378,124,447 | ||||||
Other Assets and Liabilities - Net | (34,185,939 | ) | ||||||
|
| |||||||
Net Assets | $ 343,938,508 | |||||||
|
|
Contracts | Value | |||||||
WRITTEN OPTIONS - (0.2%) (Q) (R) | ||||||||
Call Options - (0.2%) | ||||||||
Corning, Inc. | 249 | $ (23,655 | ) | |||||
Fusion-io, Inc. | 100 | (7,600 | ) | |||||
Kraft Foods Group, Inc. | 58 | (24,940 | ) | |||||
Marathon Petroleum Corp. | 78 | (39,000 | ) | |||||
OTC- Chicago Board Options Exchange Volatility Index (G) | 7,800 | (1,170 | ) | |||||
OTC- Nikkei 225 | 60 | (187,458 | ) | |||||
OTC- TOPIX Index | 1,639 | (163,335 | ) | |||||
OTC- TOPIX Index | 537 | (42,163 | ) | |||||
OTC- Yahoo Japan Corp. | 248 | (27,955 | ) | |||||
Tiffany&Co. | 33 | (28,628 | ) | |||||
Williams-Sonoma, Inc. | 20 | (10,800 | ) | |||||
Williams-Sonoma, Inc. | 14 | (5,810 | ) | |||||
Put Options - (0.0%) (E) | ||||||||
OTC- Nikkei 225 | 87 | (3,259 | ) | |||||
OTC- Nikkei 225 | 87 | (3,903 | ) | |||||
OTC- Nikkei 225 | 90 | (9,494 | ) |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 141
Transamerica Global Allocation
CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
Contracts | Value | |||||||
OTC- Russell 2000 Index | 861 | $ (313 | ) | |||||
OTC- Russell 2000 Index | 1,314 | (3,646 | ) | |||||
OTC- S&P 500 Index | 480 | (2,912 | ) | |||||
OTC- S&P 500 Index | 1,050 | (2,504 | ) | |||||
OTC- S&P 500 Index | 537 | (139 | ) | |||||
OTC- S&P 500 Index | 810 | (240 | ) | |||||
OTC- S&P 500 Index | 744 | (2,038 | ) |
Contracts | Value | |||||||
OTC- S&P 500 Index | 1,104 | $ (505 | ) | |||||
OTC- S&P 500 Index | 743 | (3,658 | ) | |||||
OTC- TOPIX Index | 1,639 | (1,148 | ) | |||||
OTC- TOPIX Index | 1,074 | (5,027 | ) | |||||
S&P 500 Index | 15 | (1,470 | ) | |||||
|
| |||||||
Total Written Options (premiums $(442,442)) |
| $ (602,770 | ) | |||||
|
| |||||||
Notional Amount | Value | |||||||
WRITTEN FOREIGN EXCHANGE OPTION - 0.0% (E) (Q) (R) |
| |||||||
Call Option - 0.0% (E) | ||||||||
OTC- EUR vs. USD | EUR 2,952,000 | (175 | ) | |||||
|
| |||||||
Total Written Foreign Exchange Option (cost $(49,692)) |
| (175 | ) | |||||
|
|
OVER THE COUNTER SWAP AGREEMENTS: (Q) (R)
CREDIT DEFAULT SWAPS ON CREDIT INDICES - SELL PROTECTION: (S) | ||||||||||||||||||||||||||||||||
Reference Obligation | Fixed Deal Pay Rate | Maturity Date | Counterparty | Currency Code | Notional Amount (T) | Market Value (U) | Premiums Paid | Unrealized (Depreciation) | ||||||||||||||||||||||||
North American High Yield Index - Series 20 | 5.00 | % | 06/20/2018 | JPM | USD | $ | 250,000 | $ | (12,973 | ) | $ | 10,930 | $ | (23,903 | ) | |||||||||||||||||
North American Investment Grade Index - Series 20 | 1.00 | 06/20/2018 | GSC | USD | 250,000 | (2,693 | ) | 2,112 | (4,805 | ) | ||||||||||||||||||||||
|
|
|
|
|
| |||||||||||||||||||||||||||
$ | (15,666 | ) | $ | 13,042 | $ | (28,708 | ) | |||||||||||||||||||||||||
|
|
|
|
|
|
INTEREST RATE SWAP AGREEEMENTS - FIXED RATE RECEIVABLE: | ||||||||||||||||||||||||||||||||
Floating Rate Index | Fixed Rate | Maturity Date | Counterparty | Currency Code | Notional Amount | Market Value | Premiums Paid (Received) | Unrealized Appreciation | ||||||||||||||||||||||||
3-Month USD-LIBOR | 1.00 | % | 09/28/2016 | GSC | USD | $ | 7,823,000 | $ | 12,417 | $ | — | $ | 12,417 | |||||||||||||||||||
3-Month USD-LIBOR | 1.01 | 09/27/2016 | DUB | USD | 7,630,000 | 13,143 | — | 13,143 | ||||||||||||||||||||||||
3-Month USD-LIBOR | 1.19 | 09/17/2018 | JPM | USD | 792,000 | 8,108 | — | 8,108 | ||||||||||||||||||||||||
3-Month USD-LIBOR | 1.24 | 09/14/2018 | DUB | USD | 784,500 | 10,270 | — | 10,270 | ||||||||||||||||||||||||
3-Month USD-LIBOR | 1.28 | 06/22/2016 | UBS | USD | 1,054,832 | 5,768 | — | 5,768 | ||||||||||||||||||||||||
6-Month GBP-LIBOR | 1.40 | 02/28/2019 | DUB | GBP | 390,256 | 6,749 | — | 6,749 | ||||||||||||||||||||||||
|
|
|
|
|
| |||||||||||||||||||||||||||
$ | 56,455 | $ | — | $ | 56,455 | |||||||||||||||||||||||||||
|
|
|
|
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 142
Transamerica Global Allocation
CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
OVER THE COUNTER SWAP AGREEMENTS (continued): (Q) (R)
INTEREST RATE SWAP AGREEEMENTS - FIXED RATE PAYABLE: | ||||||||||||||||||||||||||||||||
Floating Rate Index | Fixed Rate | Maturity Date | Counterparty | Currency Code | Notional Amount | Market Value | Premiums Paid (Received) | Unrealized (Depreciation) | ||||||||||||||||||||||||
3-Month USD-LIBOR | 0.50 | % | 09/17/2015 | JPM | USD | $ | 1,932,100 | $ | (3,712 | ) | $ | — | $ | (3,712 | ) | |||||||||||||||||
3-Month USD-LIBOR | 0.54 | 09/14/2015 | DUB | USD | 1,961,200 | (5,382 | ) | — | (5,382 | ) | ||||||||||||||||||||||
6-Month GBP-LIBOR | 0.76 | 02/28/2016 | DUB | GBP | 975,625 | (2,063 | ) | — | (2,063 | ) | ||||||||||||||||||||||
|
|
|
|
|
| |||||||||||||||||||||||||||
$ | (11,157 | ) | $ | — | $ | (11,157 | ) | |||||||||||||||||||||||||
|
|
|
|
|
|
TOTAL RETURN SWAP AGREEMENTS - PAYABLE: (V) | ||||||||||||||||||||||||||||
Reference Entity | Fixed Rate | Termination Date | Counterparty | Notional Amount | Market Value | Premiums Paid (Received) | Unrealized Appreciation | |||||||||||||||||||||
SGX Nikkei Stock Average Dividend Point Index Futures | 1.00 | % | 03/31/2014 | CITI | $ | 100,000 | $ | 53,783 | $ | — | $ | 53,783 |
FUTURES CONTRACTS: | ||||||||||||||||
Description | Type | Contracts | Expiration Date | Unrealized Appreciation (Depreciation) | ||||||||||||
FTSE 100 Index | Short | (1 | ) | 06/21/2013 | $ | 417 | ||||||||||
Nikkei 225 Index | Long | 7 | 06/13/2013 | 78,268 | ||||||||||||
S&P 500 E-Mini Index | Short | (28 | ) | 06/21/2013 | (43,472 | ) | ||||||||||
TOPIX Index | Long | 19 | 06/13/2013 | 246,725 | ||||||||||||
|
| |||||||||||||||
$ | 281,938 | |||||||||||||||
|
|
FORWARD FOREIGN CURRENCY CONTRACTS: (Q) (R) | ||||||||||||||||||
Currency | Counterparty | Contracts Bought (Sold) | Settlement Date | Amount in U.S. Dollars Bought (Sold) | Net Unrealized Appreciation (Depreciation) | |||||||||||||
AUD | CSFB | 802,000 | 05/02/2013 | $ | 829,669 | $ | 1,631 | |||||||||||
AUD | CSFB | (802,000 | ) | 05/02/2013 | (829,031 | ) | (2,268 | ) | ||||||||||
AUD | CSFB | (802,000 | ) | 06/13/2013 | (827,046 | ) | (1,624 | ) | ||||||||||
BRL | DUB | (1,277,480 | ) | 05/24/2013 | (638,564 | ) | 1,884 | |||||||||||
CAD | CSFB | 850,904 | 05/23/2013 | 836,302 | 7,821 | |||||||||||||
EUR | DUB | 985,515 | 05/02/2013 | 1,288,117 | 9,774 | |||||||||||||
EUR | DUB | (389,000 | ) | 05/02/2013 | (500,231 | ) | (12,070 | ) | ||||||||||
EUR | DUB | (391,000 | ) | 05/02/2013 | (512,511 | ) | (2,423 | ) | ||||||||||
EUR | DUB | (390,914 | ) | 05/02/2013 | (512,000 | ) | (2,822 | ) | ||||||||||
EUR | UBS | 479,470 | 05/02/2013 | 625,679 | 5,767 | |||||||||||||
EUR | UBS | 863,045 | 05/02/2013 | 1,116,288 | 20,314 | |||||||||||||
EUR | UBS | (391,000 | ) | 05/02/2013 | (512,022 | ) | (2,912 | ) | ||||||||||
EUR | UBS | (388,000 | ) | 05/02/2013 | (505,960 | ) | (5,024 | ) | ||||||||||
EUR | UBS | (384,000 | ) | 05/02/2013 | (501,988 | ) | (3,728 | ) | ||||||||||
EUR | BCLY | 599,479 | 05/03/2013 | 776,230 | 13,270 | |||||||||||||
EUR | BCLY | 287,100 | 05/03/2013 | 375,825 | 2,279 | |||||||||||||
EUR | BCLY | (385,000 | ) | 05/03/2013 | (502,492 | ) | (4,544 | ) | ||||||||||
EUR | BNP | 594,605 | 05/03/2013 | 770,319 | 12,761 | |||||||||||||
EUR | BNP | (385,000 | ) | 05/03/2013 | (503,911 | ) | (3,125 | ) | ||||||||||
EUR | CSFB | 1,003,132 | 05/03/2013 | 1,298,996 | 22,106 | |||||||||||||
EUR | CSFB | (388,000 | ) | 05/03/2013 | (504,982 | ) | (6,005 | ) | ||||||||||
EUR | CSFB | (384,000 | ) | 05/03/2013 | (502,107 | ) | (3,612 | ) | ||||||||||
EUR | CSFB | (390,000 | ) | 05/03/2013 | (512,109 | ) | (1,512 | ) | ||||||||||
EUR | GSC | 595,210 | 05/03/2013 | 770,803 | 13,075 | |||||||||||||
EUR | GSC | (388,000 | ) | 05/03/2013 | (505,603 | ) | (5,384 | ) | ||||||||||
EUR | BNP | 254,000 | 06/06/2013 | 330,570 | 4,016 | |||||||||||||
EUR | BNP | 516,000 | 06/06/2013 | 670,568 | 9,141 | |||||||||||||
EUR | BNP | (657,000 | ) | 06/06/2013 | (854,816 | ) | (10,627 | ) | ||||||||||
GBP | JPM | (351,000 | ) | 05/10/2013 | (531,639 | ) | (13,549 | ) |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 143
Transamerica Global Allocation
CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
FORWARD FOREIGN CURRENCY CONTRACTS (continued): (Q) (R) | ||||||||||||||||||
Currency | Counterparty | Contracts Bought (Sold) | Settlement Date | Amount in U.S. Dollars Bought (Sold) | Net Unrealized Appreciation (Depreciation) | |||||||||||||
GBP | DUB | (758,000 | ) | 05/17/2013 | $ | (1,147,991 | ) | $ | (29,306 | ) | ||||||||
GBP | DUB | (801,633 | ) | 05/31/2013 | (1,221,183 | ) | (23,768 | ) | ||||||||||
GBP | GSC | (382,700 | ) | 05/31/2013 | (583,040 | ) | (11,301 | ) | ||||||||||
JPY | JPM | 79,243,290 | 05/02/2013 | 814,514 | (1,630 | ) | ||||||||||||
JPY | JPM | (79,243,290 | ) | 05/02/2013 | (833,000 | ) | 20,115 | |||||||||||
JPY | BCLY | (92,279,000 | ) | 05/10/2013 | (966,050 | ) | 19,406 | |||||||||||
JPY | GSC | (75,625,800 | ) | 05/10/2013 | (800,493 | ) | 24,686 | |||||||||||
JPY | JPM | (75,806,800 | ) | 05/10/2013 | (802,741 | ) | 25,077 | |||||||||||
JPY | UBS | (80,000,000 | ) | 05/13/2013 | (855,341 | ) | 34,648 | |||||||||||
JPY | BOA | (76,495,009 | ) | 05/16/2013 | (818,304 | ) | 33,556 | |||||||||||
JPY | UBS | (75,484,305 | ) | 05/16/2013 | (808,183 | ) | 33,804 | |||||||||||
JPY | BCLY | (76,671,000 | ) | 05/17/2013 | (826,422 | ) | 39,866 | |||||||||||
JPY | BNP | (23,546,154 | ) | 05/17/2013 | (253,785 | ) | 12,228 | |||||||||||
JPY | DUB | (60,996,000 | ) | 05/17/2013 | (657,285 | ) | 31,535 | |||||||||||
JPY | BOA | (76,212,280 | ) | 05/23/2013 | (770,381 | ) | (11,493 | ) | ||||||||||
JPY | DUB | (146,235,000 | ) | 05/23/2013 | (1,478,316 | ) | (21,933 | ) | ||||||||||
JPY | JPM | (107,585,311 | ) | 05/23/2013 | (1,088,716 | ) | (15,019 | ) | ||||||||||
JPY | GSC | (76,169,900 | ) | 05/24/2013 | (765,227 | ) | (16,217 | ) | ||||||||||
JPY | MSC | (76,195,980 | ) | 05/24/2013 | (765,101 | ) | (16,610 | ) | ||||||||||
JPY | UBS | (108,227,000 | ) | 05/24/2013 | (1,086,497 | ) | (23,827 | ) | ||||||||||
JPY | BNP | (75,975,312 | ) | 05/30/2013 | (777,941 | ) | (1,529 | ) | ||||||||||
JPY | CSFB | (76,462,000 | ) | 05/30/2013 | (783,422 | ) | (1,041 | ) | ||||||||||
JPY | MSC | (72,353,000 | ) | 05/30/2013 | (741,692 | ) | (615 | ) | ||||||||||
JPY | BNP | (72,523,000 | ) | 06/06/2013 | (729,755 | ) | (14,322 | ) | ||||||||||
JPY | CSFB | (73,689,750 | ) | 06/06/2013 | (741,346 | ) | (14,701 | ) | ||||||||||
JPY | GSC | (74,539,900 | ) | 06/06/2013 | (750,283 | ) | (14,486 | ) | ||||||||||
JPY | GSC | (74,726,895 | ) | 06/07/2013 | (752,082 | ) | (14,610 | ) | ||||||||||
JPY | JPM | (79,243,290 | ) | 06/13/2013 | (814,674 | ) | 1,617 | |||||||||||
JPY | MSC | (83,883,195 | ) | 06/13/2013 | (855,000 | ) | (5,664 | ) | ||||||||||
JPY | BCLY | (70,000,000 | ) | 06/20/2013 | (786,300 | ) | 68,054 | |||||||||||
JPY | DUB | (100,000,000 | ) | 09/10/2013 | (1,042,644 | ) | 15,977 | |||||||||||
MXN | CSFB | (3,922,000 | ) | 08/22/2013 | (310,934 | ) | (9,002 | ) | ||||||||||
MXN | CSFB | (3,922,000 | ) | 09/05/2013 | (310,538 | ) | (9,026 | ) | ||||||||||
MXN | CSFB | (1,176,600 | ) | 09/05/2013 | (93,161 | ) | (2,708 | ) | ||||||||||
MXN | CSFB | (3,920,000 | ) | 09/19/2013 | (309,989 | ) | (9,041 | ) | ||||||||||
MXN | CSFB | (6,666,000 | ) | 09/19/2013 | (527,140 | ) | (15,375 | ) | ||||||||||
MXN | DUB | (13,396,000 | ) | 10/03/2013 | (1,066,688 | ) | (22,287 | ) | ||||||||||
TRY | CSFB | (275,172 | ) | 05/15/2013 | (149,469 | ) | (3,767 | ) | ||||||||||
TRY | CSFB | (544,449 | ) | 05/15/2013 | (296,476 | ) | (6,713 | ) | ||||||||||
TRY | BCLY | (389,800 | ) | 07/17/2013 | (215,621 | ) | (88 | ) | ||||||||||
TRY | UBS | (314,000 | ) | 09/11/2013 | (168,908 | ) | (3,818 | ) | ||||||||||
|
| |||||||||||||||||
$ | 83,282 | |||||||||||||||||
|
|
FORWARD FOREIGN CROSS CURRENCY CONTRACTS: (Q) (R) | ||||||||||||||||||
Currency | Counterparty | Contracts Bought (Sold) | Settlement Date | Amount in U.S. Dollars Bought (Sold) | Net Unrealized Appreciation (Depreciation) | |||||||||||||
EUR | BOA | 603,000 | 05/16/2013 | $ | 774,162 | $ | 20,043 | |||||||||||
JPY | BOA | (72,378,934 | ) | 05/16/2013 | (774,162 | ) | 31,640 | |||||||||||
EUR | MSC | 589,000 | 05/23/2013 | 769,087 | 6,714 | |||||||||||||
JPY | MSC | (76,154,166 | ) | 05/23/2013 | (769,087 | ) | (12,191 | ) | ||||||||||
EUR | GSC | 609,000 | 05/31/2013 | 794,257 | 7,924 | |||||||||||||
JPY | GSC | (77,525,700 | ) | 05/31/2013 | (794,257 | ) | (1,119 | ) | ||||||||||
EUR | BCLY | 609,000 | 06/07/2013 | 791,426 | 10,794 | |||||||||||||
JPY | BCLY | (78,626,467 | ) | 06/07/2013 | (791,426 | ) | (15,275 | ) | ||||||||||
EUR | BNP | 589,000 | 06/07/2013 | 765,435 | 10,439 | |||||||||||||
JPY | BNP | (76,050,796 | ) | 06/07/2013 | (765,435 | ) | (14,840 | ) | ||||||||||
|
| |||||||||||||||||
$ | 44,129 | |||||||||||||||||
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 144
Transamerica Global Allocation
CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(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 April 30, 2013:
Counterparty | Total Market Value of OTC Derivatives | Collateral (Received) Pledged | Net Exposures (1) | |||||||||
BCLY | $ | 318,103 | $ | — | $ | 318,103 | ||||||
BNP | 395,999 | — | 395,999 | |||||||||
BOA | 90,749 | — | 90,749 | |||||||||
CITI | 295,729 | — | 295,729 | |||||||||
CSFB | (54,583 | ) | — | (54,583 | ) | |||||||
DUB | (50,066 | ) | (100,000 | ) | (150,066 | ) | ||||||
ETFC | (5,027 | ) | — | (5,027 | ) | |||||||
GSC | 868,558 | (800,000 | ) | 68,558 | ||||||||
JPM | 613,570 | (551,542 | ) | 62,028 | ||||||||
MSC | 255,088 | — | 255,088 | |||||||||
RBS | 13,534 | — | 13,534 | |||||||||
UBS | 60,992 | — | 60,992 |
(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 Investment Securities | Value | ||||||
Foreign Government Obligations | 7.2 | % | $ | 27,273,571 | ||||
Oil, Gas & Consumable Fuels | 5.1 | 19,464,977 | ||||||
U.S. Government Obligations | 4.9 | 18,674,022 | ||||||
Commercial Banks | 4.4 | 16,500,087 | ||||||
Pharmaceuticals | 3.5 | 13,076,513 | ||||||
Capital Markets | 2.7 | 10,062,312 | ||||||
Health Care Providers & Services | 2.6 | 9,667,720 | ||||||
Insurance | 2.5 | 9,282,558 | ||||||
Chemicals | 2.4 | 9,246,659 | ||||||
Diversified Financial Services | 2.4 | 9,064,682 | ||||||
Diversified Telecommunication Services | 2.1 | 7,934,482 | ||||||
Automobiles | 2.1 | 7,856,109 | ||||||
Software | 1.9 | 7,299,433 | ||||||
Media | 1.9 | 7,083,708 | ||||||
Metals & Mining | 1.6 | 5,893,249 | ||||||
Food Products | 1.5 | 5,810,012 | ||||||
Industrial Conglomerates | 1.2 | 4,535,932 | ||||||
IT Services | 1.2 | 4,455,527 | ||||||
Beverages | 1.2 | 4,401,595 | ||||||
Wireless Telecommunication Services | 1.1 | 4,184,241 | ||||||
Aerospace & Defense | 1.1 | 4,169,855 | ||||||
Real Estate Management & Development | 1.1 | 4,065,253 | ||||||
Electric Utilities | 1.0 | 3,648,533 | ||||||
Biotechnology | 1.0 | 3,630,160 | ||||||
Semiconductors & Semiconductor Equipment | 0.9 | 3,264,932 | ||||||
Auto Components | 0.8 | 3,173,859 | ||||||
Health Care Equipment & Supplies | 0.8 | 3,171,380 | ||||||
Purchased Options | 0.8 | 3,097,287 | ||||||
Real Estate Investment Trusts | 0.8 | 3,033,363 | ||||||
Energy Equipment & Services | 0.8 | 3,013,548 | ||||||
Machinery | 0.8 | 2,927,998 | ||||||
Road & Rail | 0.7 | 2,625,618 | ||||||
Food & Staples Retailing | 0.7 | 2,573,548 | ||||||
Electronic Equipment & Instruments | 0.6 | 2,471,004 | ||||||
Internet Software & Services | 0.6 | 2,307,531 | ||||||
Computers & Peripherals | 0.6 | 2,154,052 | ||||||
Communications Equipment | 0.5 | 1,965,710 | ||||||
Consumer Finance | 0.5 | 1,935,123 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 145
Transamerica Global Allocation
CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
INVESTMENTS BY INDUSTRY (continued): | Percentage of Total Investment Securities | Value | ||||||
Trading Companies & Distributors | 0.4 | % | $ | 1,685,595 | ||||
Life Sciences Tools & Services | 0.4 | 1,673,425 | ||||||
Multi-Utilities | 0.4 | 1,653,552 | ||||||
Electrical Equipment | 0.4 | 1,531,251 | ||||||
Specialty Retail | 0.4 | 1,437,447 | ||||||
Household Products | 0.4 | 1,350,343 | ||||||
Household Durables | 0.3 | 1,221,576 | ||||||
Hotels, Restaurants & Leisure | 0.3 | 1,191,059 | ||||||
Construction & Engineering | 0.3 | 1,015,983 | ||||||
Internet & Catalog Retail | 0.3 | 972,235 | ||||||
Airlines | 0.2 | 915,552 | ||||||
Independent Power Producers & Energy Traders | 0.2 | 860,677 | ||||||
Textiles, Apparel & Luxury Goods | 0.2 | 822,343 | ||||||
Multiline Retail | 0.2 | 748,869 | ||||||
Gas Utilities | 0.2 | 640,896 | ||||||
Building Products | 0.2 | 630,037 | ||||||
Paper & Forest Products | 0.1 | 577,203 | ||||||
Air Freight & Logistics | 0.1 | 480,704 | ||||||
Personal Products | 0.1 | 470,693 | ||||||
Commercial Services & Supplies | 0.1 | 457,721 | ||||||
Office Electronics | 0.1 | 428,571 | ||||||
Leisure Equipment & Products | 0.1 | 427,423 | ||||||
Mortgage-Backed Security | 0.1 | 356,538 | ||||||
Water Utilities | 0.1 | 353,132 | ||||||
Containers & Packaging | 0.1 | 335,243 | ||||||
Transportation Infrastructure | 0.1 | 273,742 | ||||||
Tobacco | 0.1 | 251,897 | ||||||
Diversified Consumer Services | 0.1 | 229,216 | ||||||
Construction Materials | 0.0 | (E) | 131,423 | |||||
U.S. Government Agency Obligation | 0.0 | (E) | 125,515 | |||||
Purchased Swaption | 0.0 | (E) | 15,572 | |||||
|
|
|
| |||||
Investment Securities, at Value | 73.6 | 278,261,576 | ||||||
Short-Term Investments | 26.4 | 99,862,871 | ||||||
|
|
|
| |||||
Total Investments | 100.0 | % | $ | 378,124,447 | ||||
|
|
|
|
NOTES TO SCHEDULE OF INVESTMENTS:
(A) | All or a portion of this security is on loan. The value of all securities on loan is $33,121,444. The amount of securities on loan indicated may not correspond with the securities on loan identified because securities with pending sales are in the process of recall from the brokers. |
(B) | All or a portion of this security has been segregated by the custodian with the broker as collateral to cover margin requirements for open futures contracts. Total value of securities segregated as collateral to cover margin requirements for open futures contracts is $188,310. |
(C) | Floating or variable rate note. Rate is listed as of April 30, 2013. |
(D) | The security has a perpetual maturity. The date shown is the next call date. |
(E) | Percentage rounds to less than 0.1%. |
(F) | Illiquid. Total aggregate market value of illiquid securities is $6,449,542, or 1.88% of the fund’s net assets. |
(G) | 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 $1,276,265, or 0.37% of the fund’s net assets, and total aggregate market value of fair valued derivatives is $(1,170), or less than 0.01% of the fund’s net assets. |
(H) | Restricted security. At April 30, 2013, the fund owned the respective securities which were restricted as to public resale: |
Investment Securities | Description | Acquisition Date | Cost | Value | Value as % of Net Assets | |||||||||||||
Corporate Debt Securities | Delta Topco Limited | 05/02/2012 | $ | 544,006 | $ | 542,404 | 0.16 | % | ||||||||||
Common Stocks | Delta Topco Limited | 05/02/2012 | 398,617 | 411,620 | 0.12 | |||||||||||||
|
|
|
|
|
| |||||||||||||
$ | 942,623 | $ | 954,024 | 0.28 | % | |||||||||||||
|
|
|
|
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 146
Transamerica Global Allocation
CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
NOTES TO SCHEDULE OF INVESTMENTS (continued):
(I) | Payment in-kind. Securities pay interest or dividends in the form of additional bonds or preferred stock. If a security makes cash payment in addition to in-kind, the cash rate is disclosed separately. |
(J) | In default. |
(K) | Step bond - Coupon rate changes in increments to maturity. Rate disclosed is as of April 30, 2013. Maturity date disclosed is the ultimate maturity date. |
(L) | All or portion of this security represents unsettled loan commitment at April 30, 2013 where the rate will be determined at time of settlement. |
(M) | Rate shown reflects the yield at April 30, 2013. |
(N) | Non-income producing security. |
(O) | All or a portion of this security has been segregated as collateral for open options transactions. Total value of securities segregated as collateral for open options transactions is $1,289,856. |
(P) | Aggregate cost for federal income tax purposes is $338,678,163. Aggregate gross unrealized appreciation and depreciation for all securities in which there is an excess of value over tax cost were $51,002,903 and $11,556,619, respectively. Net unrealized appreciation for tax purposes is $39,446,284. |
(Q) | Cash in the amount of $900,000 has been segregated by the broker with the custodian as collateral for open options, swap, swaptions and/or forward foreign currency contracts. |
(R) | Securities with an aggregate market value of $551,542 have been segregated by the broker as collateral for open options, swap, swaptions and/or forward foreign currency contracts. |
(S) | 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 obligation 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 obligation. |
(T) | 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. |
(U) | 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 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. |
(V) | 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:
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 April 30, 2013, these securities aggregated $9,432,321 or 2.74% of the fund’s net assets. | |
ADR | American Depositary Receipt | |
BCLY | Barclays Bank PLC | |
BNP | BNP Paribas | |
BOA | Bank of America | |
CITI | Citigroup, Inc. | |
CSFB | Credit Suisse First Boston | |
DUB | Deutsche Bank AG | |
EMTN | European Medium Term Note | |
ETF | Exchange-Traded Fund | |
ETFC | E*TRADE Financial Corporation | |
GDR | Global Depositary Receipt | |
GMTN | Global Medium Term Note | |
GSC | Goldman Sachs & Co. | |
JPM | JPMorgan Chase Bank | |
JSC | Joint Stock Company | |
LIBOR | London Interbank Offered Rate | |
MSC | Morgan Stanley | |
MTN | Medium Term Note | |
OFZ | Obligatsyi Federal’novo Zaima (Russian: Coupon-bearing Federal Loan Bonds) | |
OTC | Over the Counter | |
PJSC | Private Joint Stock Company | |
RBS | Royal Bank of Scotland Group PLC |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 147
Transamerica Global Allocation
CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
DEFINITIONS (continued):
Reg S | Security exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside the United States. Security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933. | |
REIT | Real Estate Investment Trust (includes domestic REITs and Foreign Real Estate Investment Companies) | |
RSP | Risparmio Shares | |
SGX | Singapore Exchange | |
SPDR | Standard & Poor’s Depositary Receipt | |
UBS | UBS AG |
CURRENCY ABBREVIATIONS:
AUD | Australian Dollar | |
BRL | Brazilian Real | |
CAD | Canadian Dollar | |
CHF | Swiss Franc | |
CNY | Chinese Yuan Renminbi | |
EUR | Euro | |
GBP | Pound Sterling | |
HKD | Hong Kong Dollar | |
JPY | Japanese Yen | |
MXN | Mexican Peso | |
MYR | Malaysian Ringgit | |
RUB | Russian Ruble | |
SGD | Singapore Dollar | |
TRY | Turkish New Lira | |
USD | United States Dollar |
VALUATION SUMMARY: (W)
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
ASSETS | ||||||||||||||||
Investment Securities | ||||||||||||||||
U.S. Government Obligations | $ | — | $ | 18,674,022 | $ | — | $ | 18,674,022 | ||||||||
U.S. Government Agency Obligation | 125,515 | — | — | 125,515 | ||||||||||||
Foreign Government Obligations | — | 27,273,571 | — | 27,273,571 | ||||||||||||
Mortgage-Backed Security | — | 356,538 | — | 356,538 | ||||||||||||
Preferred Corporate Debt Securities | — | 311,638 | — | 311,638 | ||||||||||||
Corporate Debt Securities | ||||||||||||||||
Argentina | — | 33,945 | — | 33,945 | ||||||||||||
Australia | — | 614,050 | — | 614,050 | ||||||||||||
Austria | — | 213,350 | — | 213,350 | ||||||||||||
Brazil | — | 399,005 | — | 399,005 | ||||||||||||
Canada | — | 115,644 | — | 115,644 | ||||||||||||
Cayman Islands | — | 486,911 | — | 486,911 | ||||||||||||
Chile | — | 664,049 | — | 664,049 | ||||||||||||
Germany | — | 207,000 | — | 207,000 | ||||||||||||
Guernsey, Channel Islands | — | 219,500 | — | 219,500 | ||||||||||||
Ireland | — | 141,572 | — | 141,572 | ||||||||||||
Italy | — | 288,895 | — | 288,895 | ||||||||||||
Korea, Republic of | — | 198,948 | — | 198,948 | ||||||||||||
Luxembourg | — | 845,212 | — | 845,212 | ||||||||||||
Mexico | — | 151,125 | — | 151,125 | ||||||||||||
Netherlands | — | 432,809 | — | 432,809 | ||||||||||||
Singapore | — | 116,280 | — | 116,280 | ||||||||||||
Sweden | — | 213,540 | — | 213,540 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 148
Transamerica Global Allocation
CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
VALUATION SUMMARY (continued): (W)
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
ASSETS (continued) | ||||||||||||||||
Investment Securities | ||||||||||||||||
Switzerland | $ | — | $ | 119,014 | $ | — | $ | 119,014 | ||||||||
United Kingdom | — | 988,974 | — | 988,974 | ||||||||||||
United States | — | 5,384,024 | 542,404 | 5,926,428 | ||||||||||||
Convertible Bonds | ||||||||||||||||
Bermuda | — | — | 11,366 | 11,366 | ||||||||||||
Cayman Islands | — | 892,647 | — | 892,647 | ||||||||||||
China | — | 126,273 | — | 126,273 | ||||||||||||
India | — | 796,762 | — | 796,762 | ||||||||||||
Jersey, Channel Islands | — | 1,309,000 | — | 1,309,000 | ||||||||||||
Netherlands | — | 1,741,911 | — | 1,741,911 | ||||||||||||
Singapore | — | 1,696,381 | — | 1,696,381 | ||||||||||||
United Kingdom | — | 164,500 | — | 164,500 | ||||||||||||
United States | — | 3,793,575 | — | 3,793,575 | ||||||||||||
Loan Assignments | — | 1,447,683 | — | 1,447,683 | ||||||||||||
Short-Term U.S. Government Obligations | — | 58,818,140 | — | 58,818,140 | ||||||||||||
Short-Term Foreign Government Obligations | — | 5,874,045 | — | 5,874,045 | ||||||||||||
Convertible Preferred Stocks | 3,015,694 | 831,590 | — | 3,847,284 | ||||||||||||
Preferred Stocks | 2,977,584 | — | — | 2,977,584 | ||||||||||||
Common Stocks | ||||||||||||||||
Australia | — | 1,124,032 | — | 1,124,032 | ||||||||||||
Belgium | — | 541,869 | — | 541,869 | ||||||||||||
Brazil | 2,691,390 | — | — | 2,691,390 | ||||||||||||
Canada | 3,274,241 | 227,622 | — | 3,501,863 | ||||||||||||
Chile | 128,525 | — | — | 128,525 | ||||||||||||
China | 141,052 | — | — | 141,052 | ||||||||||||
Denmark | — | 105,060 | — | 105,060 | ||||||||||||
France | 688,785 | 5,644,006 | — | 6,332,791 | ||||||||||||
Germany | — | 6,488,802 | — | 6,488,802 | ||||||||||||
Hong Kong | — | 1,954,947 | — | 1,954,947 | ||||||||||||
Indonesia | — | 117,551 | — | 117,551 | ||||||||||||
Italy | — | 2,476,840 | — | 2,476,840 | ||||||||||||
Japan | — | 26,367,877 | — | 26,367,877 | ||||||||||||
Korea, Republic of | 99,641 | 3,037,609 | — | 3,137,250 | ||||||||||||
Luxembourg | 206,478 | — | — | 206,478 | ||||||||||||
Malaysia | — | 1,328,106 | — | 1,328,106 | ||||||||||||
Mexico | 792,070 | — | — | 792,070 | ||||||||||||
Netherlands | 312,594 | 1,354,170 | — | 1,666,764 | ||||||||||||
New Zealand | — | 97,172 | — | 97,172 | ||||||||||||
Philippines | 159,797 | — | — | 159,797 | ||||||||||||
Portugal | — | 125,873 | — | 125,873 | ||||||||||||
Russian Federation | 518,074 | — | — | 518,074 | ||||||||||||
Singapore | — | 1,934,563 | — | 1,934,563 | ||||||||||||
South Africa | — | 308,584 | — | 308,584 | ||||||||||||
Spain | 84,856 | 939,733 | — | 1,024,589 | ||||||||||||
Sweden | — | 517,479 | — | 517,479 | ||||||||||||
Switzerland | — | 5,868,223 | — | 5,868,223 | ||||||||||||
Taiwan | 251,536 | 624,621 | — | 876,157 | ||||||||||||
Thailand | — | 1,156,391 | — | 1,156,391 | ||||||||||||
United Kingdom | 2,066,678 | 8,873,509 | — | 10,940,187 | ||||||||||||
United States | 108,867,836 | — | 411,620 | 109,279,456 | ||||||||||||
Rights | 24 | 9,609 | — | 9,633 | ||||||||||||
Warrants | — | 24,813 | — | 24,813 | ||||||||||||
Investment Companies | 5,281,958 | — | — | 5,281,958 | ||||||||||||
Purchased Options | 59,997 | 3,037,290 | — | 3,097,287 | ||||||||||||
Purchased Swaption | — | 15,572 | — | 15,572 | ||||||||||||
Securities Lending Collateral | 34,080,443 | — | — | 34,080,443 | ||||||||||||
Repurchase Agreement | — | 1,090,243 | — | 1,090,243 | ||||||||||||
Total Investment Securities | $ | 165,824,768 | $ | 211,334,289 | $ | 965,390 | $ | 378,124,447 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 149
Transamerica Global Allocation
CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
VALUATION SUMMARY (continued): (W)
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
ASSETS (continued) | ||||||||||||||||
Derivative Financial Instruments | ||||||||||||||||
Forward Foreign Cross Currency Contracts (X) | $ | — | $ | 87,554 | $ | — | $ | 87,554 | ||||||||
Forward Foreign Currency Contracts (X) | — | 484,408 | — | 484,408 | ||||||||||||
Futures Contracts (X) | 325,410 | — | — | 325,410 | ||||||||||||
Interest Rate Swap Agreements (X) | — | 56,455 | — | 56,455 | ||||||||||||
Total Return Swap Agreements (X) | — | 53,783 | — | 53,783 | ||||||||||||
Total Derivative Financial Instruments | $ | 325,410 | $ | 682,200 | $ | — | $ | 1,007,610 | ||||||||
Other Assets (Y) | ||||||||||||||||
Cash on Deposit with Broker | $ | 667,275 | $ | — | $ | — | $ | 667,275 | ||||||||
Foreign Currency | 514,088 | — | — | 514,088 | ||||||||||||
Total Other Assets | $ | 1,181,363 | $ | — | $ | — | $ | 1,181,363 | ||||||||
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
LIABILITIES | ||||||||||||||||
Derivative Financial Instruments | ||||||||||||||||
Credit Default Swap Agreements (X) | $ | — | $ | (28,708 | ) | $ | — | $ | (28,708 | ) | ||||||
Forward Foreign Cross Currency Contracts (X) | — | (43,425 | ) | — | (43,425 | ) | ||||||||||
Forward Foreign Currency Contracts (X) | — | (401,126 | ) | — | (401,126 | ) | ||||||||||
Futures Contracts (X) | (43,472 | ) | — | — | (43,472 | ) | ||||||||||
Interest Rate Swap Agreements (X) | — | (11,157 | ) | — | (11,157 | ) | ||||||||||
Written Options | (141,903 | ) | (461,042 | ) | — | (602,945 | ) | |||||||||
Total Derivative Financial Instruments | $ | (185,375 | ) | $ | (945,458 | ) | $ | — | $ | (1,130,833 | ) | |||||
Other Liabilities (Y) | ||||||||||||||||
Cash Deposit due to Broker | $ | — | $ | (956,293 | ) | $ | — | $ | (956,293 | ) | ||||||
Cash Deposit due to Custodian | — | (900,000 | ) | — | (900,000 | ) | ||||||||||
Collateral for Securities on Loan | — | (34,080,443 | ) | — | (34,080,443 | ) | ||||||||||
Total Other Liabilities | $ | — | $ | (35,936,736 | ) | $ | — | $ | (35,936,736 | ) |
(W) | Transfers between levels are considered to have occurred at the end of the reporting period. As of period ended April 30, 2013, securities with fair market value of $227,670 transferred from Level 1 to Level 2 due to unavailability of unadjusted quoted prices. See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
(X) | Other financial instruments are derivative instruments that are valued at unrealized appreciation (depreciation) on the instrument. |
(Y) | Certain assets and liabilities are held at carrying amount or face value, which approximates fair value for financial reporting purposes. |
Level 3 Rollforward - Investment Securities
Securities | Beginning Balance at October 31, 2012 | Purchases (Z) | Sales | Accrued Discounts (Premiums) | Total Realized Gain (Loss) | Net Change in Unrealized Appreciation (Depreciation) (AA) | Transfers (AB) | Transfers out of Level 3 | Ending Balance at April 30, 2013 (AC) | Net Change in Unrealized Appreciation (Depreciation) on Investments Held at April 30, 2013 (AA) | ||||||||||||||||||||||||||||||
Common Stocks | $ | 357,991 | $ | — | $ | — | $ | — | $ | (206,979 | ) | $ | 260,608 | $ | — | $ | — | $ | 411,620 | $ | 82,091 | |||||||||||||||||||
Convertible Bonds | — | — | — | — | — | — | 11,366 | — | 11,366 | — | ||||||||||||||||||||||||||||||
Corporate Debt Securities | 532,979 | 37,521 | — | (5 | ) | — | (28,091 | ) | — | — | 542,404 | (28,091 | ) | |||||||||||||||||||||||||||
Total | $ | 890,970 | $ | 37,521 | $ | — | $ | (5 | ) | $ | (206,979 | ) | $ | 232,517 | $ | 11,366 | $ | — | $ | 965,390 | $ | 54,000 |
(Z) | Purchases include all purchases of securities and securities received in corporate actions. |
(AA) | Any difference between Net Change in Unrealized Appreciation (Depreciation) and Net Change in Unrealized Appreciation (Depreciation) on Investments Held at April 30, 2013 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 2013 |
Page 150
Transamerica Global Macro
CONSOLIDATED SCHEDULE OF INVESTMENTS
At April 30, 2013
(unaudited)
(AB) | Transferred into Level 3 because of availability of observable inputs |
(AC) | Inputs used in the valuation of the Level 3 securities were not considered significant unobservable inputs. |
Principal | Value | |||||||
REPURCHASE AGREEMENT - 100.1% |
| |||||||
State Street Bank & Trust Co. | $ 95,255,739 | $ 95,255,739 | ||||||
|
| |||||||
Total Repurchase Agreement (cost $95,255,739) |
| 95,255,739 | ||||||
|
| |||||||
Total Investment Securities (cost $95,255,739) (B) |
| 95,255,739 | ||||||
Other Assets and Liabilities - Net | (140,775 | ) | ||||||
|
| |||||||
Net Assets | $ 95,114,964 | |||||||
|
|
NOTES TO SCHEDULE OF INVESTMENTS:
(A) | Rate shown reflects the yield at April 30, 2013. |
(B) | Aggregate cost for federal income tax purposes is $95,255,739. |
VALUATION SUMMARY: (C)
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
ASSETS | ||||||||||||||||
Investment Securities | ||||||||||||||||
Repurchase Agreement | $ | — | $ | 95,255,739 | $ | — | $ | 95,255,739 | ||||||||
Total Investment Securities | $ | — | $ | 95,255,739 | $ | — | $ | 95,255,739 | ||||||||
Other Assets (D) | ||||||||||||||||
Foreign Currency | $ | 9 | $ | — | $ | — | $ | 9 | ||||||||
Total Other Assets | $ | 9 | $ | — | $ | — | $ | 9 |
(C) | Transfers between levels are considered to have occurred at the end of the reporting period. There were no transfers between Levels 1 and 2 during the period ended April 30, 2013. See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
(D) | Certain assets and liabilities are held at carrying amount or face value, which approximates fair value for financial reporting purposes. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
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Transamerica Managed Futures Strategy
CONSOLIDATED SCHEDULE OF INVESTMENTS
At April 30, 2013
(unaudited)
Principal | Value | |||||||
SHORT-TERM U.S. GOVERNMENT OBLIGATION - 9.8% |
| |||||||
U.S. Treasury Bill | ||||||||
0.04%, 06/20/2013 (A) | $ 35,470,000 | $ 35,465,286 | ||||||
|
| |||||||
Total Short-Term U.S. Government Obligation |
| 35,465,286 | ||||||
|
|
Shares | Value | |||||||
INVESTMENT COMPANIES - 82.0% | ||||||||
Capital Markets - 73.8% | ||||||||
Dreyfus Treasury Cash Management | 118,770,497 | $ 118,770,497 | ||||||
UBS Select Treasury Preferred | 148,570,461 | 148,570,461 | ||||||
Money Market - 8.2% | ||||||||
BlackRock Liquidity Funds T-Fund Portfolio | 29,799,936 | 29,799,936 | ||||||
|
| |||||||
Total Investment Companies (cost $297,140,894) |
| 297,140,894 | ||||||
|
| |||||||
Total Investment Securities (cost $332,606,180) (B) |
| 332,606,180 | ||||||
Other Assets and Liabilities - Net | 29,828,567 | |||||||
|
| |||||||
Net Assets | $ 362,434,747 | |||||||
|
|
OVER THE COUNTER SWAP AGREEMENTS: (C) (D)
TOTAL RETURN SWAP AGREEMENTS - PAYABLE: (E) | ||||||||||||||||||||||||
Reference Entity | Termination Date | Counterparty | Notional Amount | Market Value | Premiums Paid (Received) | Unrealized Appreciation (Depreciation) | ||||||||||||||||||
Aluminum June Futures | 06/19/2013 | BCLY | $ | 7,050 | $ | 848,645 | $ | — | $ | 848,645 | ||||||||||||||
Cocoa July Futures | 07/16/2013 | GSC | 930 | (212,970 | ) | — | (212,970 | ) | ||||||||||||||||
Coffee July Futures | 07/19/2013 | BCLY | 300,000 | 18,750 | — | 18,750 | ||||||||||||||||||
Gold June Futures | 06/26/2013 | GSC | 5,700 | 742,130 | — | 742,130 | ||||||||||||||||||
Lean Hogs June Futures | 06/14/2013 | GSC | 8,560,000 | (153,142 | ) | — | (153,142 | ) | ||||||||||||||||
Silver July Futures | 07/29/2013 | GSC | 120,000 | 346,000 | — | 346,000 | ||||||||||||||||||
Soybean Oil July Futures | 07/12/2013 | BCLY | 5,340,000 | (43,146 | ) | — | (43,146 | ) | ||||||||||||||||
|
| |||||||||||||||||||||||
$ | 1,546,267 | $ | — | $ | 1,546,267 | |||||||||||||||||||
|
| |||||||||||||||||||||||
TOTAL RETURN SWAP AGREEMENTS - RECEIVABLE: (E) | ||||||||||||||||||||||||
Reference Entity | Termination Date | Counterparty | Notional Amount | Market Value | Premiums Paid (Received) | Unrealized Appreciation (Depreciation) | ||||||||||||||||||
2-Year Euro-Schatz Futures | 06/06/2013 | BOA | $ | 687,000 | $ | (20,012 | ) | $ | — | $ | (20,012 | ) | ||||||||||||
2-Year U.S. Treasury Note Futures | 06/28/2013 | BOA | 504,000 | 24,348 | — | 24,348 | ||||||||||||||||||
5-Year Euro-Bobl Futures | 06/06/2013 | BOA | 330,000 | (41,412 | ) | — | (41,412 | ) | ||||||||||||||||
5-Year U.S. Treasury Note Futures | 06/28/2013 | BOA | 255,000 | 92,274 | — | 92,274 | ||||||||||||||||||
MSCI Taiwan Index May Futures | 05/30/2013 | BOA | 11,600 | 54,058 | — | 54,058 | ||||||||||||||||||
Soybean Meal July Futures | 07/12/2013 | GSC | 2,100 | 52,500 | — | 52,500 | ||||||||||||||||||
Swiss Market Index Futures | 06/21/2013 | RBS | 1,870 | 397,822 | — | 397,822 | ||||||||||||||||||
|
| |||||||||||||||||||||||
$ | 559,578 | $ | — | $ | 559,578 | |||||||||||||||||||
|
|
FUTURES CONTRACTS: (F) | ||||||||||||||||
Description | Type | Contracts | Expiration Date | Unrealized Appreciation (Depreciation) | ||||||||||||
10-Year Australian Treasury Bond | Long | 193 | 06/17/2013 | $ | 407,602 | |||||||||||
10-Year Government of Canada Bond | Long | 349 | 06/19/2013 | 643,507 | ||||||||||||
10-Year Japan Government Bond | Long | 12 | 06/11/2013 | (53,957 | ) | |||||||||||
10-Year U.S. Treasury Note | Long | 364 | 06/19/2013 | 463,247 | ||||||||||||
3-Month Aluminum | Long | 3 | 05/03/2013 | (23,072 | ) | |||||||||||
3-Month Aluminum | Short | (3 | ) | 05/03/2013 | 22,761 | |||||||||||
3-Month Aluminum | Long | 8 | 05/07/2013 | (55,060 | ) | |||||||||||
3-Month Aluminum | Short | (8 | ) | 05/07/2013 | 56,830 | |||||||||||
3-Month Aluminum | Long | 2 | 05/13/2013 | (14,853 | ) | |||||||||||
3-Month Aluminum | Short | (2 | ) | 05/13/2013 | 14,352 | |||||||||||
3-Month Aluminum | Long | 11 | 05/14/2013 | (88,722 | ) | |||||||||||
3-Month Aluminum | Short | (11 | ) | 05/14/2013 | 87,593 | |||||||||||
3-Month Aluminum | Long | 7 | 05/15/2013 | (57,786 | ) |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 152
Transamerica Managed Futures Strategy
CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
FUTURES CONTRACTS (continued): (F) | ||||||||||||||||
Description | Type | Contracts | Expiration Date | Unrealized Appreciation (Depreciation) | ||||||||||||
3-Month Aluminum | Short | (7 | ) | 05/15/2013 | $ | 57,400 | ||||||||||
3-Month Aluminum | Long | 16 | 05/20/2013 | (111,522 | ) | |||||||||||
3-Month Aluminum | Short | (16 | ) | 05/20/2013 | 106,472 | |||||||||||
3-Month Aluminum | Long | 6 | 05/24/2013 | (28,181 | ) | |||||||||||
3-Month Aluminum | Short | (6 | ) | 05/24/2013 | 28,444 | |||||||||||
3-Month Aluminum | Long | 13 | 07/02/2013 | (12,977 | ) | |||||||||||
3-Month Aluminum | Short | (13 | ) | 07/02/2013 | 12,943 | |||||||||||
3-Month Aluminum | Long | 4 | 07/12/2013 | (1,014 | ) | |||||||||||
3-Month Aluminum | Short | (4 | ) | 07/12/2013 | 3,219 | |||||||||||
3-Month Aluminum | Long | 2 | 07/26/2013 | (3,318 | ) | |||||||||||
3-Month Aluminum | Short | (2 | ) | 07/26/2013 | 3,284 | |||||||||||
3-Month Aluminum | Long | 5 | 07/29/2013 | (1,386 | ) | |||||||||||
3-Month Aluminum | Short | (5 | ) | 07/29/2013 | 1,803 | |||||||||||
3-Month Canadian Bankers’ Acceptance | Short | (7 | ) | 09/16/2013 | (347 | ) | ||||||||||
3-Month Canadian Bankers’ Acceptance | Long | 75 | 12/16/2013 | (1,467 | ) | |||||||||||
3-Month Copper | Long | 2 | 05/07/2013 | (62,445 | ) | |||||||||||
3-Month Copper | Short | (2 | ) | 05/07/2013 | 63,615 | |||||||||||
3-Month Copper | Long | 1 | 05/13/2013 | (30,873 | ) | |||||||||||
3-Month Copper | Short | (1 | ) | 05/13/2013 | 30,756 | |||||||||||
3-Month Copper | Long | 1 | 05/14/2013 | (30,359 | ) | |||||||||||
3-Month Copper | Short | (1 | ) | 05/14/2013 | 30,641 | |||||||||||
3-Month Copper | Long | 2 | 05/22/2013 | (42,413 | ) | |||||||||||
3-Month Copper | Short | (2 | ) | 05/22/2013 | 43,431 | |||||||||||
3-Month Copper | Long | 9 | 05/24/2013 | (181,442 | ) | |||||||||||
3-Month Copper | Short | (9 | ) | 05/24/2013 | 178,717 | |||||||||||
3-Month Copper | Long | 4 | 05/28/2013 | (82,873 | ) | |||||||||||
3-Month Copper | Short | (4 | ) | 05/28/2013 | 86,190 | |||||||||||
3-Month Copper | Long | 10 | 05/31/2013 | (156,930 | ) | |||||||||||
3-Month Copper | Short | (10 | ) | 05/31/2013 | 174,447 | |||||||||||
3-Month Copper | Long | 2 | 06/04/2013 | (34,340 | ) | |||||||||||
3-Month Copper | Short | (2 | ) | 06/04/2013 | 33,396 | |||||||||||
3-Month Copper | Long | 3 | 06/05/2013 | (55,003 | ) | |||||||||||
3-Month Copper | Short | (3 | ) | 06/05/2013 | 57,969 | |||||||||||
3-Month Copper | Long | 4 | 06/06/2013 | (72,296 | ) | |||||||||||
3-Month Copper | Short | (4 | ) | 06/06/2013 | 71,584 | |||||||||||
3-Month Copper | Long | 2 | 06/07/2013 | (33,627 | ) | |||||||||||
3-Month Copper | Short | (2 | ) | 06/07/2013 | 34,403 | |||||||||||
3-Month Copper | Long | 3 | 06/11/2013 | (49,565 | ) | |||||||||||
3-Month Copper | Short | (3 | ) | 06/11/2013 | 50,672 | |||||||||||
3-Month Copper | Long | 3 | 06/12/2013 | (60,408 | ) | |||||||||||
3-Month Copper | Short | (3 | ) | 06/12/2013 | 52,337 | |||||||||||
3-Month Copper | Long | 1 | 06/21/2013 | (15,072 | ) | |||||||||||
3-Month Copper | Short | (1 | ) | 06/21/2013 | 15,172 | |||||||||||
3-Month Copper | Long | 7 | 07/02/2013 | (74,121 | ) | |||||||||||
3-Month Copper | Short | (7 | ) | 07/02/2013 | 74,775 | |||||||||||
3-Month Copper | Long | 9 | 07/03/2013 | (85,106 | ) | |||||||||||
3-Month Copper | Short | (9 | ) | 07/03/2013 | 83,213 | |||||||||||
3-Month Copper | Long | 1 | 07/05/2013 | (10,116 | ) | |||||||||||
3-Month Copper | Short | (1 | ) | 07/05/2013 | 9,499 | |||||||||||
3-Month Copper | Long | 3 | 07/09/2013 | (36,107 | ) | |||||||||||
3-Month Copper | Short | (3 | ) | 07/09/2013 | 36,524 | |||||||||||
3-Month EURIBOR | Long | 298 | 09/16/2013 | 30,710 | ||||||||||||
3-Month EURIBOR | Long | 272 | 12/16/2013 | 31,312 | ||||||||||||
3-Month EURIBOR | Long | 264 | 03/17/2014 | 41,944 | ||||||||||||
3-Month EURIBOR | Long | 281 | 06/16/2014 | 71,199 | ||||||||||||
3-Month EURIBOR | Long | 293 | 09/15/2014 | 101,435 | ||||||||||||
3-Month EURIBOR | Long | 290 | 12/15/2014 | 114,058 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 153
Transamerica Managed Futures Strategy
CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
FUTURES CONTRACTS (continued): (F) | ||||||||||||||||
Description | Type | Contracts | Expiration Date | Unrealized Appreciation (Depreciation) | ||||||||||||
3-Month EURIBOR | Long | 282 | 03/16/2015 | $ 115,094 | ||||||||||||
3-Month Euroswiss | Short | (43 | ) | 09/16/2013 | (3,554 | ) | ||||||||||
3-Month Euroswiss | Short | (3 | ) | 12/16/2013 | (767 | ) | ||||||||||
3-Month Nickel | Long | 2 | 05/07/2013 | (38,315 | ) | |||||||||||
3-Month Nickel | Short | (2 | ) | 05/07/2013 | 39,927 | |||||||||||
3-Month Nickel | Long | 1 | 05/13/2013 | (18,707 | ) | |||||||||||
3-Month Nickel | Short | (1 | ) | 05/13/2013 | 18,223 | |||||||||||
3-Month Nickel | Long | 3 | 05/14/2013 | (56,199 | ) | |||||||||||
3-Month Nickel | Short | (3 | ) | 05/14/2013 | 55,014 | |||||||||||
3-Month Nickel | Long | 6 | 05/28/2013 | (46,473 | ) | |||||||||||
3-Month Nickel | Short | (6 | ) | 05/28/2013 | 47,119 | |||||||||||
3-Month Nickel | Long | 6 | 05/31/2013 | (38,429 | ) | |||||||||||
3-Month Nickel | Short | (6 | ) | 05/31/2013 | 42,043 | |||||||||||
3-Month Nickel | Long | 2 | 06/04/2013 | (14,751 | ) | |||||||||||
3-Month Nickel | Short | (2 | ) | 06/04/2013 | 15,035 | |||||||||||
3-Month Nickel | Long | 3 | 06/05/2013 | (21,661 | ) | |||||||||||
3-Month Nickel | Short | (3 | ) | 06/05/2013 | 23,801 | |||||||||||
3-Month Nickel | Long | 3 | 06/06/2013 | (22,907 | ) | |||||||||||
3-Month Nickel | Short | (3 | ) | 06/06/2013 | 22,803 | |||||||||||
3-Month Nickel | Long | 3 | 06/07/2013 | (22,532 | ) | |||||||||||
3-Month Nickel | Short | (3 | ) | 06/07/2013 | 22,280 | |||||||||||
3-Month Nickel | Long | 3 | 06/11/2013 | (23,733 | ) | |||||||||||
3-Month Nickel | Short | (3 | ) | 06/11/2013 | 22,511 | |||||||||||
3-Month Nickel | Long | 5 | 06/12/2013 | (50,331 | ) | |||||||||||
3-Month Nickel | Short | (5 | ) | 06/12/2013 | 42,303 | |||||||||||
3-Month Nickel | Long | 2 | 07/09/2013 | (9,759 | ) | |||||||||||
3-Month Nickel | Short | (2 | ) | 07/09/2013 | 9,875 | |||||||||||
3-Month Nickel | Long | 4 | 07/11/2013 | (16,553 | ) | |||||||||||
3-Month Nickel | Short | (4 | ) | 07/11/2013 | 16,518 | |||||||||||
3-Month Nickel | Long | 6 | 07/12/2013 | (24,398 | ) | |||||||||||
3-Month Nickel | Short | (6 | ) | 07/12/2013 | 28,946 | |||||||||||
3-Month Nickel | Long | 10 | 07/16/2013 | (29,147 | ) | |||||||||||
3-Month Nickel | Short | (10 | ) | 07/16/2013 | 10,254 | |||||||||||
3-Month Nickel | Long | 5 | 07/17/2013 | (5,400 | ) | |||||||||||
3-Month Nickel | Short | (5 | ) | 07/17/2013 | 7,764 | |||||||||||
3-Month Nickel | Long | 4 | 07/19/2013 | 2,317 | ||||||||||||
3-Month Nickel | Short | (4 | ) | 07/19/2013 | 1,843 | |||||||||||
3-Month Nickel | Long | 4 | 07/22/2013 | 3,212 | ||||||||||||
3-Month Nickel | Short | (4 | ) | 07/22/2013 | (6,359 | ) | ||||||||||
3-Month Nickel | Long | 2 | 07/23/2013 | 2,815 | ||||||||||||
3-Month Nickel | Short | (2 | ) | 07/23/2013 | (2,281 | ) | ||||||||||
3-Month Nickel | Long | 2 | 07/24/2013 | 1,061 | ||||||||||||
3-Month Nickel | Short | (2 | ) | 07/24/2013 | (1,519 | ) | ||||||||||
3-Month Sterling | Long | 255 | 09/18/2013 | (17,397 | ) | |||||||||||
3-Month Sterling | Long | 300 | 12/18/2013 | (15,897 | ) | |||||||||||
3-Month Sterling | Long | 327 | 03/19/2014 | (7,686 | ) | |||||||||||
3-Month Sterling | Long | 360 | 06/18/2014 | 22,484 | ||||||||||||
3-Month Sterling | Long | 391 | 09/17/2014 | 47,522 | ||||||||||||
3-Month Sterling | Long | 404 | 12/17/2014 | 77,819 | ||||||||||||
3-Month Sterling | Long | 417 | 03/18/2015 | 42,521 | ||||||||||||
3-Month Zinc | Long | 9 | 05/07/2013 | (74,183 | ) | |||||||||||
3-Month Zinc | Short | (9 | ) | 05/07/2013 | 75,474 | |||||||||||
3-Month Zinc | Long | 1 | 05/08/2013 | (8,344 | ) | |||||||||||
3-Month Zinc | Short | (1 | ) | 05/08/2013 | 8,706 | |||||||||||
3-Month Zinc | Long | 9 | 05/13/2013 | (85,993 | ) | |||||||||||
3-Month Zinc | Short | (9 | ) | 05/13/2013 | 84,026 | |||||||||||
3-Month Zinc | Long | 1 | 05/14/2013 | (9,251 | ) |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 154
Transamerica Managed Futures Strategy
CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
FUTURES CONTRACTS (continued): (F) | ||||||||||||||||
Description | Type | Contracts | Expiration Date | Unrealized Appreciation (Depreciation) | ||||||||||||
3-Month Zinc | Short | (1 | ) | 05/14/2013 | $ 8,893 | |||||||||||
3-Month Zinc | Long | 1 | 05/15/2013 | (9,208 | ) | |||||||||||
3-Month Zinc | Short | (1 | ) | 05/15/2013 | 8,719 | |||||||||||
3-Month Zinc | Long | 10 | 05/20/2013 | (78,722 | ) | |||||||||||
3-Month Zinc | Short | (10 | ) | 05/20/2013 | 77,510 | |||||||||||
3-Month Zinc | Long | 29 | 05/31/2013 | (124,374 | ) | |||||||||||
3-Month Zinc | Short | (29 | ) | 05/31/2013 | 140,729 | |||||||||||
3-Month Zinc | Long | 8 | 06/04/2013 | (29,900 | ) | |||||||||||
3-Month Zinc | Short | (8 | ) | 06/04/2013 | 32,705 | |||||||||||
3-Month Zinc | Long | 9 | 06/05/2013 | (36,047 | ) | |||||||||||
3-Month Zinc | Short | (9 | ) | 06/05/2013 | 37,962 | |||||||||||
3-Month Zinc | Long | 7 | 06/06/2013 | (25,013 | ) | |||||||||||
3-Month Zinc | Short | (7 | ) | 06/06/2013 | 24,865 | |||||||||||
3-Month Zinc | Long | 9 | 06/07/2013 | (28,494 | ) | |||||||||||
3-Month Zinc | Short | (9 | ) | 06/07/2013 | 28,688 | |||||||||||
3-Month Zinc | Long | 9 | 06/11/2013 | (19,913 | ) | |||||||||||
3-Month Zinc | Short | (9 | ) | 06/11/2013 | 22,819 | |||||||||||
3-Month Zinc | Long | 11 | 06/12/2013 | (40,992 | ) | |||||||||||
3-Month Zinc | Short | (11 | ) | 06/12/2013 | 30,235 | |||||||||||
3-Month Zinc | Long | 12 | 06/13/2013 | (43,986 | ) | |||||||||||
3-Month Zinc | Short | (12 | ) | 06/13/2013 | 44,107 | |||||||||||
3-Month Zinc | Long | 25 | 06/14/2013 | (80,294 | ) | |||||||||||
3-Month Zinc | Short | (25 | ) | 06/14/2013 | 81,422 | |||||||||||
3-Month Zinc | Long | 10 | 06/20/2013 | (17,688 | ) | |||||||||||
3-Month Zinc | Short | (10 | ) | 06/20/2013 | 18,488 | |||||||||||
3-Month Zinc | Long | 21 | 06/21/2013 | (46,250 | ) | |||||||||||
3-Month Zinc | Short | (21 | ) | 06/21/2013 | 40,579 | |||||||||||
3-Month Zinc | Long | 14 | 06/26/2013 | (26,975 | ) | |||||||||||
3-Month Zinc | Short | (14 | ) | 06/26/2013 | 28,791 | |||||||||||
3-Month Zinc | Long | 12 | 06/27/2013 | (9,504 | ) | |||||||||||
3-Month Zinc | Short | (12 | ) | 06/27/2013 | 10,890 | |||||||||||
3-Month Zinc | Long | 13 | 06/28/2013 | (10,823 | ) | |||||||||||
3-Month Zinc | Short | (13 | ) | 06/28/2013 | 11,965 | |||||||||||
3-Month Zinc | Long | 11 | 07/02/2013 | (3,781 | ) | |||||||||||
3-Month Zinc | Short | (11 | ) | 07/02/2013 | 8,201 | |||||||||||
3-Month Zinc | Long | 9 | 07/03/2013 | 367 | ||||||||||||
3-Month Zinc | Short | (9 | ) | 07/03/2013 | (967 | ) | ||||||||||
3-Month Zinc | Long | 19 | 07/05/2013 | (11,460 | ) | |||||||||||
3-Month Zinc | Short | (19 | ) | 07/05/2013 | 7,474 | |||||||||||
3-Month Zinc | Long | 3 | 07/08/2013 | (2,659 | ) | |||||||||||
3-Month Zinc | Short | (3 | ) | 07/08/2013 | 2,832 | |||||||||||
3-Month Zinc | Long | 5 | 07/11/2013 | (3,288 | ) | |||||||||||
3-Month Zinc | Short | (5 | ) | 07/11/2013 | 4,913 | |||||||||||
3-Month Zinc | Long | 1 | 07/12/2013 | (298 | ) | |||||||||||
3-Month Zinc | Short | (1 | ) | 07/12/2013 | 862 | |||||||||||
3-Month Zinc | Long | 17 | 07/16/2013 | (15,462 | ) | |||||||||||
3-Month Zinc | Short | (17 | ) | 07/16/2013 | 6,153 | |||||||||||
3-Year Australian Treasury Bond | Long | 216 | 06/17/2013 | 93,942 | ||||||||||||
30-Year U.S. Treasury Bond | Long | 164 | 06/19/2013 | 425,217 | ||||||||||||
5-Year U.S. Treasury Note | Long | 321 | 06/28/2013 | 144,693 | ||||||||||||
90-Day Eurodollar | Long | 152 | 09/16/2013 | 8,284 | ||||||||||||
90-Day Eurodollar | Long | 120 | 12/16/2013 | 6,614 | ||||||||||||
90-Day Eurodollar | Long | 118 | 03/17/2014 | 7,409 | ||||||||||||
90-Day Eurodollar | Long | 137 | 06/16/2014 | 11,549 | ||||||||||||
90-Day Eurodollar | Long | 166 | 09/15/2014 | 20,265 | ||||||||||||
90-Day Eurodollar | Long | 203 | 12/15/2014 | 32,299 | ||||||||||||
90-Day Eurodollar | Long | 227 | 03/16/2015 | 43,503 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 155
Transamerica Managed Futures Strategy
CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
FUTURES CONTRACTS (continued): (F) | ||||||||||||||||
Description | Type | Contracts | Expiration Date | Unrealized Appreciation (Depreciation) | ||||||||||||
Aluminum Hg | Long | 7 | 06/19/2013 | $ | (5,850 | ) | ||||||||||
Aluminum Hg | Short | (27 | ) | 06/19/2013 | 47,012 | |||||||||||
Amsterdam Exchanges Index | Long | 93 | 05/17/2013 | 110,461 | ||||||||||||
ASX SPI 200 Index | Long | 144 | 06/20/2013 | 690,721 | ||||||||||||
Brent Crude Oil Penultimate Financial Futures | Short | (85 | ) | 05/15/2013 | (5,520 | ) | ||||||||||
CAC 40 Index | Long | 176 | 05/17/2013 | 231,823 | ||||||||||||
Cocoa | Short | (20 | ) | 07/16/2013 | (31,300 | ) | ||||||||||
Coffee “C” | Short | (199 | ) | 07/19/2013 | 327,920 | |||||||||||
Copper | Short | (52 | ) | 06/19/2013 | 759,937 | |||||||||||
Corn | Short | (18 | ) | 07/12/2013 | (9,629 | ) | ||||||||||
DAX Index | Long | 24 | 06/21/2013 | 74,000 | ||||||||||||
DJIA Mini Index | Long | 251 | 06/21/2013 | 469,787 | ||||||||||||
European Gasoil (ICE) | Short | (103 | ) | 05/09/2013 | 260,780 | |||||||||||
European Gasoil (ICE) | Short | (1 | ) | 06/11/2013 | 825 | |||||||||||
FTSE 100 Index | Long | 159 | 06/21/2013 | (39,869 | ) | |||||||||||
FTSE JSE Top 40 Index | Long | 69 | 06/20/2013 | (131,935 | ) | |||||||||||
FTSE MIB Index | Long | 33 | 06/21/2013 | 93,384 | ||||||||||||
German Euro BOBL | Long | 10 | 06/06/2013 | 684 | ||||||||||||
German Euro Bund | Long | 187 | 06/06/2013 | 555,058 | ||||||||||||
German Euro BUXL | Long | 90 | 06/06/2013 | 452,489 | ||||||||||||
Gold 100 oz | Short | (9 | ) | 06/26/2013 | (1,323 | ) | ||||||||||
Hang Seng China ENT Index | Short | (69 | ) | 05/30/2013 | (36,020 | ) | ||||||||||
Hang Seng Index Futures | Long | 26 | 05/30/2013 | 15,204 | ||||||||||||
Henry Hub Nat Gas Swap | Long | 777 | 05/29/2013 | 743,992 | ||||||||||||
IBEX 35 Index | Long | 40 | 05/17/2013 | 53,802 | ||||||||||||
KOSPI 200 Index | Short | (64 | ) | 06/13/2013 | (43,224 | ) | ||||||||||
Lean Hogs | Short | (196 | ) | 06/14/2013 | (135,425 | ) | ||||||||||
MSCI Taiwan Index | Long | 200 | 05/30/2013 | 80,818 | ||||||||||||
NASDAQ 100 E-Mini Index | Long | 143 | 06/21/2013 | 139,698 | ||||||||||||
Nickel | Short | (68 | ) | 06/19/2013 | 301,017 | |||||||||||
NYMEX Heating Oil | Short | (85 | ) | 05/30/2013 | 179,575 | |||||||||||
RBOB Gasoline | Short | (10 | ) | 05/30/2013 | (23,499 | ) | ||||||||||
Russell 2000 Mini Index | Long | 71 | 06/21/2013 | 74,467 | ||||||||||||
S&P 500 E-Mini Index | Long | 184 | 06/21/2013 | 368,253 | ||||||||||||
S&P Midcap 400 E-Mini Index | Long | 103 | 06/21/2013 | 269,668 | ||||||||||||
S&P TSE 60 Index | Short | (13 | ) | 06/20/2013 | (58,032 | ) | ||||||||||
SGX CNX Nifty Index | Long | 178 | 05/30/2013 | 3,758 | ||||||||||||
SGX MSCI Singapore Index | Long | 219 | 05/30/2013 | 261,452 | ||||||||||||
Silver | Short | (34 | ) | 07/29/2013 | (151,046 | ) | ||||||||||
Soybean | Short | (5 | ) | 07/12/2013 | (6,867 | ) | ||||||||||
Soybean Meal | Long | 34 | 07/12/2013 | 70,929 | ||||||||||||
Soybean Oil | Short | (262 | ) | 07/12/2013 | 112,524 | |||||||||||
Sugar #11 | Short | (606 | ) | 06/28/2013 | 71,147 | |||||||||||
TOPIX Index | Long | 47 | 06/13/2013 | 437,826 | ||||||||||||
U.K. Long Gilt Bond | Long | 177 | 06/26/2013 | 493,053 | ||||||||||||
Wheat | Short | (89 | ) | 07/12/2013 | (116,127 | ) | ||||||||||
WTI-Brent Bullet Swap Future | Short | (105 | ) | 05/20/2013 | (370,650 | ) | ||||||||||
WTI-Brent Bullet Swap Future | Long | 12 | 06/19/2013 | (9,720 | ) | |||||||||||
Zinc | Long | 84 | 06/19/2013 | (344,773 | ) | |||||||||||
Zinc | Short | (266 | ) | 06/19/2013 | 588,060 | |||||||||||
|
| |||||||||||||||
$ | 9,724,643 | |||||||||||||||
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 156
Transamerica Managed Futures Strategy
CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
FORWARD FOREIGN CURRENCY CONTRACTS: (C) (D) | ||||||||||||||||||||
Currency | Counterparty | Contracts Bought (Sold) | Settlement Date | Amount in U.S. Dollars Bought (Sold) | Net Unrealized Appreciation (Depreciation) | |||||||||||||||
AUD | RBS | 61,000 | 06/19/2013 | $ 62,647 | $ 355 | |||||||||||||||
AUD | RBS | 4,393,000 | 06/19/2013 | 4,505,348 | 31,824 | |||||||||||||||
AUD | RBS | 2,296,000 | 06/19/2013 | 2,364,045 | 7,306 | |||||||||||||||
AUD | RBS | 1,152,000 | 06/19/2013 | 1,188,585 | 1,222 | |||||||||||||||
AUD | RBS | (2,939,000 | ) | 06/19/2013 | (2,993,798 | ) | (41,655 | ) | ||||||||||||
AUD | RBS | (150,000 | ) | 06/19/2013 | (152,146 | ) | (2,777 | ) | ||||||||||||
AUD | RBS | (1,196,000 | ) | 06/19/2013 | (1,214,029 | ) | (21,222 | ) | ||||||||||||
AUD | RBS | (32,589,000 | ) | 06/19/2013 | (33,123,887 | ) | (534,635 | ) | ||||||||||||
AUD | RBS | (3,209,000 | ) | 06/19/2013 | (3,337,034 | ) | 22,719 | |||||||||||||
AUD | RBS | (2,749,000 | ) | 06/19/2013 | (2,860,325 | ) | 21,107 | |||||||||||||
AUD | RBS | (896,000 | ) | 06/19/2013 | (929,144 | ) | 3,739 | |||||||||||||
AUD | RBS | (2,658,000 | ) | 06/19/2013 | (2,754,870 | ) | 9,639 | |||||||||||||
AUD | RBS | (7,407,000 | ) | 06/19/2013 | (7,655,054 | ) | 4,968 | |||||||||||||
AUD | RBS | (10,379,000 | ) | 06/19/2013 | (10,803,133 | ) | 83,509 | |||||||||||||
AUD | RBS | (6,275,000 | ) | 06/19/2013 | (6,565,938 | ) | 85,002 | |||||||||||||
AUD | RBS | (3,036,000 | ) | 06/19/2013 | (3,183,654 | ) | 48,017 | |||||||||||||
AUD | RBS | (3,364,000 | ) | 06/19/2013 | (3,467,843 | ) | (6,558 | ) | ||||||||||||
AUD | RBS | (7,451,000 | ) | 06/19/2013 | (7,683,233 | ) | (12,298 | ) | ||||||||||||
AUD | RBS | (10,569,000 | ) | 06/19/2013 | (10,880,702 | ) | (35,156 | ) | ||||||||||||
AUD | RBS | (2,526,000 | ) | 06/19/2013 | (2,582,769 | ) | (26,131 | ) | ||||||||||||
AUD | RBS | (485,000 | ) | 06/19/2013 | (494,951 | ) | (5,966 | ) | ||||||||||||
AUD | RBS | (10,000 | ) | 06/19/2013 | (10,201 | ) | (127 | ) | ||||||||||||
AUD | RBS | 3,624,000 | 06/19/2013 | 3,691,160 | 51,774 | |||||||||||||||
AUD | RBS | 7,445,000 | 06/19/2013 | 7,560,190 | 129,144 | |||||||||||||||
AUD | RBS | 5,756,000 | 06/19/2013 | 5,890,684 | 54,219 | |||||||||||||||
AUD | RBS | 7,385,000 | 06/19/2013 | 7,560,122 | 67,243 | |||||||||||||||
AUD | RBS | 6,038,000 | 06/19/2013 | 6,205,379 | 30,779 | |||||||||||||||
AUD | RBS | 10,841,000 | 06/19/2013 | 11,164,920 | 31,865 | |||||||||||||||
AUD | RBS | 11,767,000 | 06/19/2013 | 12,125,127 | 28,048 | |||||||||||||||
AUD | RBS | 11,738,000 | 06/19/2013 | 12,107,036 | 16,188 | |||||||||||||||
AUD | RBS | 3,540,000 | 06/19/2013 | 3,650,881 | 5,297 | |||||||||||||||
AUD | RBS | 3,509,000 | 06/19/2013 | 3,573,518 | 50,642 | |||||||||||||||
AUD | RBS | 5,371,000 | 06/19/2013 | 5,571,196 | (23,928 | ) | ||||||||||||||
AUD | RBS | 2,231,000 | 06/19/2013 | 2,320,358 | (16,139 | ) | ||||||||||||||
AUD | RBS | 2,230,000 | 06/19/2013 | 2,321,568 | (18,383 | ) | ||||||||||||||
AUD | RBS | 551,000 | 06/19/2013 | 571,941 | (2,858 | ) | ||||||||||||||
BRL | RBS | (300,000 | ) | 06/19/2013 | (147,853 | ) | (1,169 | ) | ||||||||||||
BRL | RBS | 1,310,000 | 06/19/2013 | 653,758 | (3,028 | ) | ||||||||||||||
BRL | RBS | 200,000 | 06/19/2013 | 101,012 | (1,664 | ) | ||||||||||||||
BRL | RBS | 300,000 | 06/19/2013 | 151,497 | (2,475 | ) | ||||||||||||||
BRL | RBS | 700,000 | 06/19/2013 | 348,352 | (634 | ) | ||||||||||||||
BRL | RBS | 700,000 | 06/19/2013 | 352,421 | (4,703 | ) | ||||||||||||||
BRL | RBS | 2,000,000 | 06/19/2013 | 1,004,490 | (11,010 | ) | ||||||||||||||
BRL | RBS | 1,700,000 | 06/19/2013 | 853,345 | (8,887 | ) | ||||||||||||||
BRL | RBS | 600,000 | 06/19/2013 | 300,231 | (2,187 | ) | ||||||||||||||
CAD | RBS | 678,000 | 06/19/2013 | 662,105 | 10,091 | |||||||||||||||
CAD | RBS | 3,720,000 | 06/19/2013 | 3,643,422 | 44,733 | |||||||||||||||
CAD | RBS | 3,222,000 | 06/19/2013 | 3,173,029 | 21,389 | |||||||||||||||
CAD | RBS | 5,684,000 | 06/19/2013 | 5,615,287 | 20,056 | |||||||||||||||
CAD | RBS | (1,377,000 | ) | 06/19/2013 | (1,343,794 | ) | (21,418 | ) | ||||||||||||
CAD | RBS | (898,000 | ) | 06/19/2013 | (869,709 | ) | (20,603 | ) | ||||||||||||
CAD | RBS | (479,000 | ) | 06/19/2013 | (465,778 | ) | (9,122 | ) | ||||||||||||
CAD | RBS | (10,001,000 | ) | 06/19/2013 | (9,708,090 | ) | (207,297 | ) | ||||||||||||
CAD | RBS | (2,077,000 | ) | 06/19/2013 | (2,016,847 | ) | (42,373 | ) | ||||||||||||
CAD | RBS | (2,126,000 | ) | 06/19/2013 | (2,057,935 | ) | (49,866 | ) | ||||||||||||
CAD | RBS | (2,007,000 | ) | 06/19/2013 | (1,942,671 | ) | (47,148 | ) | ||||||||||||
CAD | RBS | (2,750,000 | ) | 06/19/2013 | (2,696,844 | ) | (29,615 | ) |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 157
Transamerica Managed Futures Strategy
CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
FORWARD FOREIGN CURRENCY CONTRACTS (continued): (C) (D) | ||||||||||||||||||||
Currency | Counterparty | Contracts Bought (Sold) | Settlement Date | Amount in U.S. Dollars Bought (Sold) | Net Unrealized Appreciation (Depreciation) | |||||||||||||||
CAD | RBS | (8,671,000 | ) | 06/19/2013 | $ (8,520,985 | ) | $ (75,787 | ) | ||||||||||||
CAD | RBS | (1,662,000 | ) | 06/19/2013 | (1,636,537 | ) | (11,236 | ) | ||||||||||||
CAD | RBS | (2,444,000 | ) | 06/19/2013 | (2,385,769 | ) | (37,309 | ) | ||||||||||||
CAD | RBS | (5,040,000 | ) | 06/19/2013 | (4,915,744 | ) | (81,112 | ) | ||||||||||||
CAD | RBS | (5,557,000 | ) | 06/19/2013 | (5,420,253 | ) | (89,177 | ) | ||||||||||||
CAD | RBS | (683,000 | ) | 06/19/2013 | (665,004 | ) | (12,149 | ) | ||||||||||||
CAD | RBS | 54,000 | 06/19/2013 | 52,497 | 1,040 | |||||||||||||||
CAD | RBS | 1,699,000 | 06/19/2013 | 1,654,214 | 30,242 | |||||||||||||||
CAD | RBS | 3,843,000 | 06/19/2013 | 3,740,360 | 69,742 | |||||||||||||||
CAD | RBS | 2,759,000 | 06/19/2013 | 2,695,978 | 39,404 | |||||||||||||||
CAD | RBS | 4,367,000 | 06/19/2013 | 4,272,335 | 57,282 | |||||||||||||||
CAD | RBS | 11,889,000 | 06/19/2013 | 11,678,548 | 108,677 | |||||||||||||||
CAD | RBS | 6,233,000 | 06/19/2013 | 6,137,598 | 42,045 | |||||||||||||||
CAD | RBS | 2,018,000 | 06/19/2013 | 1,985,742 | 14,983 | |||||||||||||||
CAD | RBS | 871,000 | 06/19/2013 | 856,379 | 7,165 | |||||||||||||||
CHF | RBS | (720,000 | ) | 06/19/2013 | (763,368 | ) | (11,375 | ) | ||||||||||||
CHF | RBS | 630,000 | 06/19/2013 | 670,791 | 7,110 | |||||||||||||||
CLP | RBS | 110,000,000 | 06/19/2013 | 228,524 | 3,404 | |||||||||||||||
CLP | RBS | 970,000,000 | 06/19/2013 | 2,015,596 | 29,588 | |||||||||||||||
CLP | RBS | 10,000,000 | 06/19/2013 | 20,877 | 207 | |||||||||||||||
CLP | RBS | 50,000,000 | 06/19/2013 | 104,637 | 784 | |||||||||||||||
CLP | RBS | 50,000,000 | 06/19/2013 | 104,725 | 697 | |||||||||||||||
CLP | RBS | 20,000,000 | 06/19/2013 | 41,964 | 205 | |||||||||||||||
CLP | RBS | 130,000,000 | 06/19/2013 | 272,057 | 2,040 | |||||||||||||||
CLP | RBS | 30,000,000 | 06/19/2013 | 62,756 | 497 | |||||||||||||||
CLP | RBS | 30,000,000 | 06/19/2013 | 62,658 | 595 | |||||||||||||||
CLP | RBS | 70,000,000 | 06/19/2013 | 146,444 | 1,147 | |||||||||||||||
CLP | RBS | 20,000,000 | 06/19/2013 | 42,239 | (71 | ) | ||||||||||||||
CLP | RBS | 40,000,000 | 06/19/2013 | 84,747 | (410 | ) | ||||||||||||||
CLP | RBS | 160,000,000 | 06/19/2013 | 340,179 | (2,829 | ) | ||||||||||||||
COP | RBS | 1,260,000,000 | 06/19/2013 | 691,671 | (4,003 | ) | ||||||||||||||
CZK | RBS | 13,000,000 | 06/19/2013 | 663,760 | 125 | |||||||||||||||
CZK | RBS | 56,000,000 | 06/19/2013 | 2,846,772 | 13,042 | |||||||||||||||
CZK | RBS | (30,000,000 | ) | 06/19/2013 | (1,536,954 | ) | 4,911 | |||||||||||||
CZK | RBS | (20,000,000 | ) | 06/19/2013 | (1,020,699 | ) | (663 | ) | ||||||||||||
CZK | RBS | (40,000,000 | ) | 06/19/2013 | (2,027,175 | ) | (15,549 | ) | ||||||||||||
CZK | RBS | (12,000,000 | ) | 06/19/2013 | (610,904 | ) | (1,913 | ) | ||||||||||||
CZK | RBS | (15,000,000 | ) | 06/19/2013 | (766,118 | ) | 97 | |||||||||||||
CZK | RBS | (6,000,000 | ) | 06/19/2013 | (306,388 | ) | (20 | ) | ||||||||||||
CZK | RBS | (35,100,000 | ) | 06/19/2013 | (1,808,253 | ) | 15,763 | |||||||||||||
CZK | RBS | (1,000,000 | ) | 06/19/2013 | (50,815 | ) | (253 | ) | ||||||||||||
CZK | RBS | (19,000,000 | ) | 06/19/2013 | (965,962 | ) | (4,332 | ) | ||||||||||||
CZK | RBS | (15,000,000 | ) | 06/19/2013 | (761,038 | ) | (4,983 | ) | ||||||||||||
CZK | RBS | (24,000,000 | ) | 06/19/2013 | (1,224,477 | ) | (1,157 | ) | ||||||||||||
CZK | RBS | (12,000,000 | ) | 06/19/2013 | (604,525 | ) | (8,292 | ) | ||||||||||||
CZK | RBS | (16,000,000 | ) | 06/19/2013 | (801,711 | ) | (15,378 | ) | ||||||||||||
CZK | RBS | (11,000,000 | ) | 06/19/2013 | (554,334 | ) | (7,415 | ) | ||||||||||||
CZK | RBS | (7,000,000 | ) | 06/19/2013 | (350,166 | ) | (7,311 | ) | ||||||||||||
CZK | RBS | (2,000,000 | ) | 06/19/2013 | (101,008 | ) | (1,128 | ) | ||||||||||||
CZK | RBS | (7,000,000 | ) | 06/19/2013 | (349,622 | ) | (7,855 | ) | ||||||||||||
EUR | RBS | (5,254,000 | ) | 06/19/2013 | (6,905,906 | ) | (15,616 | ) | ||||||||||||
EUR | RBS | (1,568,000 | ) | 06/19/2013 | (2,050,713 | ) | (14,941 | ) | ||||||||||||
EUR | RBS | (2,123,000 | ) | 06/19/2013 | (2,763,919 | ) | (32,882 | ) | ||||||||||||
EUR | RBS | (2,665,000 | ) | 06/19/2013 | (3,481,778 | ) | (29,044 | ) | ||||||||||||
EUR | RBS | (2,047,000 | ) | 06/19/2013 | (2,673,332 | ) | (23,348 | ) | ||||||||||||
EUR | RBS | (3,702,000 | ) | 06/19/2013 | (4,824,136 | ) | (52,810 | ) | ||||||||||||
EUR | RBS | (2,288,000 | ) | 06/19/2013 | (2,977,134 | ) | (37,034 | ) |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
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Transamerica Managed Futures Strategy
CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
FORWARD FOREIGN CURRENCY CONTRACTS (continued): (C) (D) | ||||||||||||||||||||
Currency | Counterparty | Contracts Bought (Sold) | Settlement Date | Amount in U.S. Dollars Bought (Sold) | Net Unrealized Appreciation (Depreciation) | |||||||||||||||
EUR | RBS | (2,733,000 | ) | 06/19/2013 | $ (3,543,597 | ) | $ (56,806 | ) | ||||||||||||
EUR | RBS | (534,000 | ) | 06/19/2013 | (696,111 | ) | (7,371 | ) | ||||||||||||
EUR | RBS | (12,734,000 | ) | 06/19/2013 | (16,312,135 | ) | (463,401 | ) | ||||||||||||
EUR | RBS | (6,907,000 | ) | 06/19/2013 | (8,871,579 | ) | (227,575 | ) | ||||||||||||
EUR | RBS | (281,000 | ) | 06/19/2013 | (359,859 | ) | (10,325 | ) | ||||||||||||
EUR | RBS | (48,000 | ) | 06/19/2013 | (61,967 | ) | (1,267 | ) | ||||||||||||
EUR | RBS | (3,398,000 | ) | 06/19/2013 | (4,446,571 | ) | (29,891 | ) | ||||||||||||
EUR | RBS | (4,866,000 | ) | 06/19/2013 | (6,366,643 | ) | (43,735 | ) | ||||||||||||
EUR | RBS | (3,637,000 | ) | 06/19/2013 | (4,726,063 | ) | (65,253 | ) | ||||||||||||
EUR | RBS | (196,000 | ) | 06/19/2013 | (255,743 | ) | (2,464 | ) | ||||||||||||
EUR | RBS | (9,428,000 | ) | 06/19/2013 | (12,281,081 | ) | (139,191 | ) | ||||||||||||
EUR | RBS | (7,589,000 | ) | 06/19/2013 | (9,933,830 | ) | (63,778 | ) | ||||||||||||
EUR | RBS | (5,281,000 | ) | 06/19/2013 | (6,906,453 | ) | (50,638 | ) | ||||||||||||
EUR | RBS | (757,000 | ) | 06/19/2013 | (980,216 | ) | (17,042 | ) | ||||||||||||
EUR | RBS | (4,032,000 | ) | 06/19/2013 | (5,206,364 | ) | (105,318 | ) | ||||||||||||
EUR | RBS | (1,463,000 | ) | 06/19/2013 | (1,891,662 | ) | (35,667 | ) | ||||||||||||
EUR | RBS | (8,902,000 | ) | 06/19/2013 | (11,520,348 | ) | (206,982 | ) | ||||||||||||
EUR | RBS | (1,242,000 | ) | 06/19/2013 | (1,614,735 | ) | (21,453 | ) | ||||||||||||
EUR | RBS | (3,971,000 | ) | 06/19/2013 | (5,112,817 | ) | (118,505 | ) | ||||||||||||
EUR | RBS | 994,000 | 06/19/2013 | 1,298,692 | 10,785 | |||||||||||||||
EUR | RBS | 19,688,371 | 06/19/2013 | 25,649,250 | 287,845 | |||||||||||||||
EUR | RBS | 922,000 | 06/19/2013 | 1,207,528 | 7,098 | |||||||||||||||
EUR | RBS | 335,000 | 06/19/2013 | 429,987 | 11,336 | |||||||||||||||
EUR | RBS | 9,957,000 | 06/19/2013 | 12,961,967 | 155,200 | |||||||||||||||
EUR | RBS | 1,025,000 | 06/19/2013 | 1,336,780 | 13,536 | |||||||||||||||
EUR | RBS | 1,376,000 | 06/19/2013 | 1,804,018 | 8,699 | |||||||||||||||
EUR | RBS | 2,856,000 | 06/19/2013 | 3,737,054 | 25,388 | |||||||||||||||
EUR | RBS | 5,352,000 | 06/19/2013 | 6,996,590 | 54,035 | |||||||||||||||
EUR | RBS | 10,767,000 | 06/19/2013 | 14,174,269 | 9,977 | |||||||||||||||
EUR | RBS | 21,308,000 | 06/19/2013 | 27,889,415 | 181,349 | |||||||||||||||
EUR | RBS | 4,846,000 | 06/19/2013 | 6,325,611 | 58,419 | |||||||||||||||
EUR | RBS | 210,000 | 06/19/2013 | 273,107 | 3,543 | |||||||||||||||
GBP | RBS | 2,493,000 | 06/19/2013 | 3,813,046 | 58,221 | |||||||||||||||
GBP | RBS | 8,436,000 | 06/19/2013 | 13,023,075 | 76,811 | |||||||||||||||
GBP | RBS | 5,492,000 | 06/19/2013 | 8,528,165 | 115 | |||||||||||||||
GBP | RBS | 4,129,000 | 06/19/2013 | 6,395,980 | 15,759 | |||||||||||||||
GBP | RBS | (3,322,000 | ) | 06/19/2013 | (5,040,663 | ) | (117,922 | ) | ||||||||||||
GBP | RBS | (863,000 | ) | 06/19/2013 | (1,308,561 | ) | (31,553 | ) | ||||||||||||
GBP | RBS | (749,000 | ) | 06/19/2013 | (1,125,821 | ) | (37,267 | ) | ||||||||||||
GBP | RBS | (1,290,000 | ) | 06/19/2013 | (1,952,313 | ) | (50,870 | ) | ||||||||||||
GBP | RBS | (1,729,000 | ) | 06/19/2013 | (2,611,280 | ) | (73,607 | ) | ||||||||||||
GBP | RBS | (1,228,000 | ) | 06/19/2013 | (1,839,304 | ) | (67,602 | ) | ||||||||||||
GBP | RBS | (1,737,000 | ) | 06/19/2013 | (2,603,892 | ) | (93,417 | ) | ||||||||||||
GBP | RBS | (17,246,000 | ) | 06/19/2013 | (25,929,571 | ) | (850,969 | ) | ||||||||||||
GBP | RBS | (1,100,000 | ) | 06/19/2013 | (1,641,393 | ) | (66,748 | ) | ||||||||||||
GBP | RBS | (347,000 | ) | 06/19/2013 | (524,809 | ) | (14,032 | ) | ||||||||||||
GBP | RBS | (592,000 | ) | 06/19/2013 | (893,612 | ) | (25,678 | ) | ||||||||||||
GBP | RBS | (2,875,000 | ) | 06/19/2013 | (4,328,903 | ) | (135,556 | ) | ||||||||||||
GBP | RBS | (1,880,000 | ) | 06/19/2013 | (2,857,898 | ) | (61,469 | ) | ||||||||||||
GBP | RBS | (883,000 | ) | 06/19/2013 | (1,352,657 | ) | (18,514 | ) | ||||||||||||
GBP | RBS | (118,000 | ) | 06/19/2013 | (181,404 | ) | (1,833 | ) | ||||||||||||
GBP | RBS | (335,000 | ) | 06/19/2013 | (513,201 | ) | (7,006 | ) | ||||||||||||
GBP | RBS | (480,000 | ) | 06/19/2013 | (734,170 | ) | (11,201 | ) | ||||||||||||
GBP | RBS | (1,682,000 | ) | 06/19/2013 | (2,579,961 | ) | (31,941 | ) | ||||||||||||
GBP | RBS | (6,142,000 | ) | 06/19/2013 | (9,422,278 | ) | (115,358 | ) | ||||||||||||
GBP | RBS | (1,039,000 | ) | 06/19/2013 | (1,581,597 | ) | (31,820 | ) | ||||||||||||
GBP | RBS | (325,000 | ) | 06/19/2013 | (495,931 | ) | (8,747 | ) |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 159
Transamerica Managed Futures Strategy
CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
FORWARD FOREIGN CURRENCY CONTRACTS (continued): (C) (D) | ||||||||||||||||||||
Currency | Counterparty | Contracts Bought (Sold) | Settlement Date | Amount in U.S. Dollars Bought (Sold) | Net Unrealized Appreciation (Depreciation) | |||||||||||||||
GBP | RBS | (1,374,000 | ) | 06/19/2013 | $ (2,072,640 | ) | $ (60,983 | ) | ||||||||||||
GBP | RBS | 497,000 | 06/19/2013 | 751,382 | 20,387 | |||||||||||||||
GBP | RBS | 1,292,000 | 06/19/2013 | 1,961,587 | 44,702 | |||||||||||||||
GBP | RBS | 1,007,000 | 06/19/2013 | 1,532,293 | 31,432 | |||||||||||||||
GBP | RBS | 1,511,000 | 06/19/2013 | 2,294,441 | 51,923 | |||||||||||||||
GBP | RBS | 2,584,000 | 06/19/2013 | 3,916,306 | 96,272 | |||||||||||||||
GBP | RBS | 2,747,000 | 06/19/2013 | 4,176,002 | 89,691 | |||||||||||||||
GBP | RBS | 3,719,000 | 06/19/2013 | 5,693,787 | 81,281 | |||||||||||||||
GBP | RBS | 45,000 | 06/19/2013 | 68,689 | 1,190 | |||||||||||||||
GBP | RBS | 679,000 | 06/19/2013 | 1,034,809 | 19,580 | |||||||||||||||
HUF | RBS | (20,000,000 | ) | 06/19/2013 | (84,035 | ) | (3,504 | ) | ||||||||||||
HUF | RBS | (10,000,000 | ) | 06/19/2013 | (41,850 | ) | (1,920 | ) | ||||||||||||
HUF | RBS | (150,000,000 | ) | 06/19/2013 | (624,502 | ) | (32,035 | ) | ||||||||||||
HUF | RBS | (80,000,000 | ) | 06/19/2013 | (336,294 | ) | (13,859 | ) | ||||||||||||
HUF | RBS | (150,000,000 | ) | 06/19/2013 | (627,743 | ) | (28,793 | ) | ||||||||||||
HUF | RBS | (20,000,000 | ) | 06/19/2013 | (83,578 | ) | (3,960 | ) | ||||||||||||
HUF | RBS | 556,000,000 | 06/19/2013 | 2,395,796 | 37,766 | |||||||||||||||
HUF | RBS | 310,000,000 | 06/19/2013 | 1,359,490 | (2,649 | ) | ||||||||||||||
HUF | RBS | 230,000,000 | 06/19/2013 | 1,007,206 | (517 | ) | ||||||||||||||
HUF | RBS | 200,000,000 | 06/19/2013 | 875,583 | (201 | ) | ||||||||||||||
HUF | RBS | 250,000,000 | 06/19/2013 | 1,101,450 | (7,223 | ) | ||||||||||||||
HUF | RBS | 80,000,000 | 06/19/2013 | 350,825 | (673 | ) | ||||||||||||||
HUF | RBS | 290,000,000 | 06/19/2013 | 1,289,532 | (20,228 | ) | ||||||||||||||
HUF | RBS | 310,000,000 | 06/19/2013 | 1,350,799 | 6,043 | |||||||||||||||
IDR | RBS | (29,300,000,000 | ) | 06/19/2013 | (2,990,711 | ) | (4,535 | ) | ||||||||||||
IDR | RBS | 7,600,000,000 | 06/19/2013 | 780,624 | (3,700 | ) | ||||||||||||||
IDR | RBS | 11,300,000,000 | 06/19/2013 | 1,161,977 | (6,814 | ) | ||||||||||||||
IDR | RBS | 5,800,000,000 | 06/19/2013 | 594,031 | (1,115 | ) | ||||||||||||||
IDR | RBS | 7,400,000,000 | 06/19/2013 | 759,286 | (2,807 | ) | ||||||||||||||
IDR | RBS | 1,700,000,000 | 06/19/2013 | 173,828 | (42 | ) | ||||||||||||||
IDR | RBS | 5,400,000,000 | 06/19/2013 | 553,971 | (1,946 | ) | ||||||||||||||
IDR | RBS | 5,600,000,000 | 06/19/2013 | 572,902 | (431 | ) | ||||||||||||||
ILS | RBS | 1,000,000 | 06/19/2013 | 267,874 | 10,585 | |||||||||||||||
ILS | RBS | 500,000 | 06/19/2013 | 135,362 | 3,868 | |||||||||||||||
ILS | RBS | 15,200,000 | 06/19/2013 | 4,087,512 | 145,068 | |||||||||||||||
ILS | RBS | 2,100,000 | 06/19/2013 | 568,243 | 16,521 | |||||||||||||||
ILS | RBS | 400,000 | 06/19/2013 | 108,275 | 3,109 | |||||||||||||||
ILS | RBS | 2,700,000 | 06/19/2013 | 732,979 | 18,861 | |||||||||||||||
ILS | RBS | 500,000 | 06/19/2013 | 135,997 | 3,233 | |||||||||||||||
ILS | RBS | 600,000 | 06/19/2013 | 165,085 | 1,990 | |||||||||||||||
ILS | RBS | 500,000 | 06/19/2013 | 137,457 | 1,772 | |||||||||||||||
ILS | RBS | 6,500,000 | 06/19/2013 | 1,779,340 | 30,645 | |||||||||||||||
ILS | RBS | 1,200,000 | 06/19/2013 | 330,581 | 3,570 | |||||||||||||||
ILS | RBS | 400,000 | 06/19/2013 | 110,516 | 868 | |||||||||||||||
ILS | RBS | 400,000 | 06/19/2013 | 109,915 | 1,469 | |||||||||||||||
ILS | RBS | 1,300,000 | 06/19/2013 | 357,614 | 4,383 | |||||||||||||||
ILS | RBS | 1,500,000 | 06/19/2013 | 414,047 | 3,642 | |||||||||||||||
ILS | RBS | 1,500,000 | 06/19/2013 | 413,176 | 4,513 | |||||||||||||||
INR | RBS | (84,000,000 | ) | 06/19/2013 | (1,511,327 | ) | (32,850 | ) | ||||||||||||
INR | RBS | (11,000,000 | ) | 06/19/2013 | (199,383 | ) | (2,831 | ) | ||||||||||||
INR | RBS | (18,000,000 | ) | 06/19/2013 | (326,588 | ) | (4,307 | ) | ||||||||||||
INR | RBS | (45,000,000 | ) | 06/19/2013 | (824,703 | ) | (2,534 | ) | ||||||||||||
INR | RBS | (115,000,000 | ) | 06/19/2013 | (2,099,294 | ) | (14,758 | ) | ||||||||||||
INR | RBS | (58,000,000 | ) | 06/19/2013 | (1,064,996 | ) | (1,222 | ) | ||||||||||||
INR | RBS | 397,000,000 | 06/19/2013 | 7,074,127 | 223,947 | |||||||||||||||
INR | RBS | 3,000,000 | 06/19/2013 | 53,548 | 1,602 | |||||||||||||||
INR | RBS | 16,000,000 | 06/19/2013 | 288,289 | 5,840 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 160
Transamerica Managed Futures Strategy
CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
FORWARD FOREIGN CURRENCY CONTRACTS (continued): (C) (D) | ||||||||||||||||||||
Currency | Counterparty | Contracts Bought (Sold) | Settlement Date | Amount in U.S. Dollars Bought (Sold) | Net Unrealized Appreciation (Depreciation) | |||||||||||||||
INR | RBS | 5,000,000 | 06/19/2013 | $ 90,286 | $ 1,629 | |||||||||||||||
INR | RBS | 32,000,000 | 06/19/2013 | 579,711 | 8,547 | |||||||||||||||
INR | RBS | 44,000,000 | 06/19/2013 | 793,937 | 14,917 | |||||||||||||||
INR | RBS | 55,000,000 | 06/19/2013 | 998,101 | 12,967 | |||||||||||||||
INR | RBS | 115,000,000 | 06/19/2013 | 2,094,727 | 19,325 | |||||||||||||||
INR | RBS | 43,000,000 | 06/19/2013 | 775,478 | 14,993 | |||||||||||||||
INR | RBS | 10,000,000 | 06/19/2013 | 180,832 | 2,999 | |||||||||||||||
INR | RBS | 25,000,000 | 06/19/2013 | 450,048 | 9,529 | |||||||||||||||
INR | RBS | 43,000,000 | 06/19/2013 | 778,004 | 12,468 | |||||||||||||||
INR | RBS | 28,000,000 | 06/19/2013 | 509,371 | 5,355 | |||||||||||||||
INR | RBS | 83,000,000 | 06/19/2013 | 1,502,407 | 23,386 | |||||||||||||||
INR | RBS | 87,000,000 | 06/19/2013 | 1,570,964 | 28,362 | |||||||||||||||
INR | RBS | 37,000,000 | 06/19/2013 | 681,153 | (980 | ) | ||||||||||||||
INR | RBS | 204,000,000 | 06/19/2013 | 3,749,850 | 293 | |||||||||||||||
INR | RBS | 89,000,000 | 06/19/2013 | 1,625,952 | 10,140 | |||||||||||||||
JPY | RBS | 473,503,000 | 06/19/2013 | 4,799,207 | 59,221 | |||||||||||||||
JPY | RBS | 681,371,000 | 06/19/2013 | 6,967,667 | 23,613 | |||||||||||||||
JPY | RBS | (210,000,000 | ) | 06/19/2013 | (2,265,996 | ) | 111,268 | |||||||||||||
JPY | RBS | (931,557,000 | ) | 06/19/2013 | (9,964,946 | ) | 406,606 | |||||||||||||
JPY | RBS | (351,408,000 | ) | 06/19/2013 | (3,778,370 | ) | 172,711 | |||||||||||||
JPY | RBS | (10,898,483,000 | ) | 06/19/2013 | (117,011,696 | ) | 5,186,651 | |||||||||||||
JPY | RBS | (240,202,000 | ) | 06/19/2013 | (2,573,705 | ) | 109,087 | |||||||||||||
JPY | RBS | (83,836,000 | ) | 06/19/2013 | (892,299 | ) | 32,091 | |||||||||||||
JPY | RBS | (327,706,000 | ) | 06/19/2013 | (3,403,791 | ) | 41,329 | |||||||||||||
JPY | RBS | (182,831,000 | ) | 06/19/2013 | (1,898,304 | ) | 22,347 | |||||||||||||
JPY | RBS | (527,485,000 | ) | 06/19/2013 | (5,493,249 | ) | 80,933 | |||||||||||||
JPY | RBS | (737,667,000 | ) | 06/19/2013 | (7,916,934 | ) | 348,024 | |||||||||||||
JPY | RBS | (44,809,000 | ) | 06/19/2013 | (479,935 | ) | 20,168 | |||||||||||||
JPY | RBS | (136,929,000 | ) | 06/19/2013 | (1,384,980 | ) | (19,994 | ) | ||||||||||||
JPY | RBS | (555,190,000 | ) | 06/19/2013 | (5,601,048 | ) | (95,538 | ) | ||||||||||||
JPY | RBS | (382,038,000 | ) | 06/19/2013 | (3,830,612 | ) | (89,330 | ) | ||||||||||||
JPY | RBS | (115,315,000 | ) | 06/19/2013 | (1,167,810 | ) | (15,392 | ) | ||||||||||||
JPY | RBS | (510,690,000 | ) | 06/19/2013 | (5,129,329 | ) | (110,660 | ) | ||||||||||||
JPY | RBS | (120,765,000 | ) | 06/19/2013 | (1,217,352 | ) | (21,770 | ) | ||||||||||||
JPY | RBS | (517,174,000 | ) | 06/19/2013 | (5,425,842 | ) | 119,323 | |||||||||||||
JPY | RBS | (445,924,000 | ) | 06/19/2013 | (4,678,310 | ) | 102,860 | |||||||||||||
JPY | RBS | (787,653,000 | ) | 06/19/2013 | (8,251,740 | ) | 169,943 | |||||||||||||
JPY | RBS | (304,600,000 | ) | 06/19/2013 | (3,227,955 | ) | 102,574 | |||||||||||||
JPY | RBS | (138,438,000 | ) | 06/19/2013 | (1,469,683 | ) | 49,225 | |||||||||||||
JPY | RBS | (1,245,987,000 | ) | 06/19/2013 | (13,239,356 | ) | 454,773 | |||||||||||||
JPY | RBS | 9,000,000 | 06/19/2013 | 93,775 | (1,429 | ) | ||||||||||||||
JPY | RBS | 11,000,000 | 06/19/2013 | 115,234 | (2,368 | ) | ||||||||||||||
JPY | RBS | 337,872,000 | 06/19/2013 | 3,660,725 | (193,953 | ) | ||||||||||||||
JPY | RBS | 306,686,000 | 06/19/2013 | 3,215,129 | (68,345 | ) | ||||||||||||||
JPY | RBS | 337,938,000 | 06/19/2013 | 3,510,684 | (43,235 | ) | ||||||||||||||
JPY | RBS | 406,254,000 | 06/19/2013 | 4,108,435 | 59,977 | |||||||||||||||
JPY | RBS | 381,108,000 | 06/19/2013 | 3,838,268 | 72,132 | |||||||||||||||
JPY | RBS | 360,640,000 | 06/19/2013 | 3,621,344 | 79,041 | |||||||||||||||
JPY | RBS | 633,984,000 | 06/19/2013 | 6,391,248 | 113,812 | |||||||||||||||
JPY | RBS | 75,822,000 | 06/19/2013 | 773,079 | 4,901 | |||||||||||||||
JPY | RBS | 822,386,000 | 06/19/2013 | 8,422,389 | 15,790 | |||||||||||||||
KRW | RBS | (1,980,000,000 | ) | 06/19/2013 | (1,773,285 | ) | (21,263 | ) | ||||||||||||
KRW | RBS | (920,000,000 | ) | 06/19/2013 | (815,514 | ) | (18,316 | ) | ||||||||||||
KRW | RBS | (1,240,000,000 | ) | 06/19/2013 | (1,096,353 | ) | (27,506 | ) | ||||||||||||
KRW | RBS | 710,000,000 | 06/19/2013 | 650,196 | (6,696 | ) | ||||||||||||||
KRW | RBS | 1,920,000,000 | 06/19/2013 | 1,749,625 | (9,457 | ) | ||||||||||||||
KRW | RBS | (1,320,000,000 | ) | 06/19/2013 | (1,175,556 | ) | (20,809 | ) |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 161
Transamerica Managed Futures Strategy
CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
FORWARD FOREIGN CURRENCY CONTRACTS (continued): (C) (D) | ||||||||||||||||||||
Currency | Counterparty | Contracts Bought (Sold) | Settlement Date | Amount in U.S. Dollars Bought (Sold) | Net Unrealized Appreciation (Depreciation) | |||||||||||||||
KRW | RBS | (120,000,000 | ) | 06/19/2013 | $ (106,840 | ) | $ (1,920 | ) | ||||||||||||
KRW | RBS | (370,000,000 | ) | 06/19/2013 | (330,823 | ) | (4,522 | ) | ||||||||||||
KRW | RBS | (410,000,000 | ) | 06/19/2013 | (367,809 | ) | (3,790 | ) | ||||||||||||
KRW | RBS | 60,000,000 | 06/19/2013 | 54,901 | (521 | ) | ||||||||||||||
KRW | RBS | 160,000,000 | 06/19/2013 | 146,940 | (1,926 | ) | ||||||||||||||
KRW | RBS | 620,000,000 | 06/19/2013 | 567,985 | (6,056 | ) | ||||||||||||||
KRW | RBS | 14,544,230,000 | 06/19/2013 | 13,296,613 | (114,631 | ) | ||||||||||||||
KRW | RBS | 720,000,000 | 06/19/2013 | 661,413 | (8,850 | ) | ||||||||||||||
KRW | RBS | 1,320,000,000 | 06/19/2013 | 1,182,184 | 14,182 | |||||||||||||||
KRW | RBS | 1,150,000,000 | 06/19/2013 | 1,024,499 | 17,789 | |||||||||||||||
KRW | RBS | 580,000,000 | 06/19/2013 | 514,971 | 10,705 | |||||||||||||||
KRW | RBS | 280,000,000 | 06/19/2013 | 249,271 | 4,504 | |||||||||||||||
KRW | RBS | 200,000,000 | 06/19/2013 | 178,304 | 2,963 | |||||||||||||||
KRW | RBS | 440,000,000 | 06/19/2013 | 393,673 | 5,115 | |||||||||||||||
MXN | RBS | (3,300,000 | ) | 06/19/2013 | (255,724 | ) | (14,933 | ) | ||||||||||||
MXN | RBS | (2,700,000 | ) | 06/19/2013 | (208,286 | ) | (13,161 | ) | ||||||||||||
MXN | RBS | (2,500,000 | ) | 06/19/2013 | (193,095 | ) | (11,948 | ) | ||||||||||||
MXN | RBS | (5,100,000 | ) | 06/19/2013 | (418,445 | ) | 156 | |||||||||||||
MXN | RBS | (4,600,000 | ) | 06/19/2013 | (378,284 | ) | 1,005 | |||||||||||||
MXN | RBS | (10,800,000 | ) | 06/19/2013 | (888,920 | ) | 3,134 | |||||||||||||
MXN | RBS | (500,000 | ) | 06/19/2013 | (40,598 | ) | (411 | ) | ||||||||||||
MXN | RBS | (19,700,000 | ) | 06/19/2013 | (1,608,415 | ) | (7,325 | ) | ||||||||||||
MXN | RBS | (11,800,000 | ) | 06/19/2013 | (972,387 | ) | 4,583 | |||||||||||||
MXN | RBS | (8,800,000 | ) | 06/19/2013 | (719,556 | ) | (2,196 | ) | ||||||||||||
MXN | RBS | 3,000,000 | 06/19/2013 | 233,576 | 12,476 | |||||||||||||||
MXN | RBS | 4,400,000 | 06/19/2013 | 341,092 | 19,784 | |||||||||||||||
MXN | RBS | 18,300,000 | 06/19/2013 | 1,457,668 | 43,248 | |||||||||||||||
MXN | RBS | 154,600,000 | 06/19/2013 | 12,131,094 | 548,780 | |||||||||||||||
MXN | RBS | 21,200,000 | 06/19/2013 | 1,695,237 | 43,530 | |||||||||||||||
MXN | RBS | 13,600,000 | 06/19/2013 | 1,087,054 | 28,381 | |||||||||||||||
MXN | RBS | 7,700,000 | 06/19/2013 | 615,128 | 16,405 | |||||||||||||||
MXN | RBS | 18,900,000 | 06/19/2013 | 1,512,931 | 37,196 | |||||||||||||||
MXN | RBS | 5,300,000 | 06/19/2013 | 425,108 | 9,584 | |||||||||||||||
MXN | RBS | 4,200,000 | 06/19/2013 | 336,777 | 7,695 | |||||||||||||||
MXN | RBS | 3,100,000 | 06/19/2013 | 249,854 | 4,400 | |||||||||||||||
MXN | RBS | 20,000,000 | 06/19/2013 | 1,605,494 | 34,852 | |||||||||||||||
MXN | RBS | 2,100,000 | 06/19/2013 | 170,029 | 2,207 | |||||||||||||||
MYR | RBS | (500,000 | ) | 06/19/2013 | (160,717 | ) | (3,022 | ) | ||||||||||||
MYR | RBS | (9,300,000 | ) | 06/19/2013 | (2,973,051 | ) | (72,487 | ) | ||||||||||||
MYR | RBS | (1,900,000 | ) | 06/19/2013 | (607,599 | ) | (14,608 | ) | ||||||||||||
MYR | RBS | (1,100,000 | ) | 06/19/2013 | (352,218 | ) | (8,006 | ) | ||||||||||||
MYR | RBS | (800,000 | ) | 06/19/2013 | (255,138 | ) | (6,843 | ) | ||||||||||||
MYR | RBS | (3,100,000 | ) | 06/19/2013 | (987,246 | ) | (27,933 | ) | ||||||||||||
MYR | RBS | (200,000 | ) | 06/19/2013 | (65,680 | ) | 185 | |||||||||||||
MYR | RBS | (400,000 | ) | 06/19/2013 | (131,750 | ) | 759 | |||||||||||||
MYR | RBS | (200,000 | ) | 06/19/2013 | (64,328 | ) | (1,167 | ) | ||||||||||||
MYR | RBS | 100,000 | 06/19/2013 | 31,787 | 961 | |||||||||||||||
MYR | RBS | 100,000 | 06/19/2013 | 31,919 | 829 | |||||||||||||||
MYR | RBS | 100,000 | 06/19/2013 | 32,139 | 608 | |||||||||||||||
MYR | RBS | 2,200,000 | 06/19/2013 | 706,218 | 14,232 | |||||||||||||||
MYR | RBS | 1,500,000 | 06/19/2013 | 484,506 | 6,710 | |||||||||||||||
MYR | RBS | 3,500,000 | 06/19/2013 | 1,126,330 | 19,840 | |||||||||||||||
MYR | RBS | 1,600,000 | 06/19/2013 | 517,811 | 6,152 | |||||||||||||||
MYR | RBS | 1,600,000 | 06/19/2013 | 520,335 | 3,628 | |||||||||||||||
MYR | RBS | 3,600,000 | 06/19/2013 | 1,173,618 | 5,300 | |||||||||||||||
MYR | RBS | 1,100,000 | 06/19/2013 | 358,956 | 1,269 | |||||||||||||||
MYR | RBS | 8,100,000 | 06/19/2013 | 2,668,917 | (16,352 | ) |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 162
Transamerica Managed Futures Strategy
CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
FORWARD FOREIGN CURRENCY CONTRACTS (continued): (C) (D) | ||||||||||||||||||||
Currency | Counterparty | Contracts Bought (Sold) | Settlement Date | Amount in U.S. Dollars Bought (Sold) | Net Unrealized Appreciation (Depreciation) | |||||||||||||||
MYR | RBS | 3,600,000 | 06/19/2013 | $ 1,182,096 | $ (3,178 | ) | ||||||||||||||
MYR | RBS | 2,600,000 | 06/19/2013 | 853,399 | (1,959 | ) | ||||||||||||||
MYR | RBS | 3,600,000 | 06/19/2013 | 1,180,351 | (1,434 | ) | ||||||||||||||
MYR | RBS | 300,000 | 06/19/2013 | 98,330 | (87 | ) | ||||||||||||||
MYR | RBS | 500,000 | 06/19/2013 | 164,531 | (793 | ) | ||||||||||||||
MYR | RBS | 200,000 | 06/19/2013 | 65,566 | (71 | ) | ||||||||||||||
MYR | RBS | 200,000 | 06/19/2013 | 65,233 | 263 | |||||||||||||||
NOK | RBS | (8,582,000 | ) | 06/19/2013 | (1,485,162 | ) | (282 | ) | ||||||||||||
NOK | RBS | (14,745,000 | ) | 06/19/2013 | (2,560,928 | ) | 8,740 | |||||||||||||
NOK | RBS | (9,422,000 | ) | 06/19/2013 | (1,631,018 | ) | 180 | |||||||||||||
NOK | RBS | (33,127,000 | ) | 06/19/2013 | (5,699,859 | ) | (34,039 | ) | ||||||||||||
NOK | RBS | (27,471,000 | ) | 06/19/2013 | (4,716,407 | ) | (38,503 | ) | ||||||||||||
NOK | RBS | (14,337,000 | ) | 06/19/2013 | (2,458,563 | ) | (23,005 | ) | ||||||||||||
NOK | RBS | (711,000 | ) | 06/19/2013 | (120,208 | ) | (2,858 | ) | ||||||||||||
NOK | RBS | (17,000,000 | ) | 06/19/2013 | (2,867,709 | ) | (74,793 | ) | ||||||||||||
NOK | RBS | (11,848,000 | ) | 06/19/2013 | (2,010,816 | ) | (39,935 | ) | ||||||||||||
NOK | RBS | (5,556,000 | ) | 06/19/2013 | (945,741 | ) | (15,938 | ) | ||||||||||||
NOK | RBS | (7,114,000 | ) | 06/19/2013 | (1,218,663 | ) | (12,688 | ) | ||||||||||||
NOK | RBS | (1,807,000 | ) | 06/19/2013 | (309,531 | ) | (3,240 | ) | ||||||||||||
NOK | RBS | (14,791,000 | ) | 06/19/2013 | (2,536,116 | ) | (24,034 | ) | ||||||||||||
NOK | RBS | (53,535,000 | ) | 06/19/2013 | (9,154,531 | ) | (111,755 | ) | ||||||||||||
NOK | RBS | (4,264,000 | ) | 06/19/2013 | (726,760 | ) | (11,289 | ) | ||||||||||||
NOK | RBS | (6,927,000 | ) | 06/19/2013 | (1,182,237 | ) | (16,747 | ) | ||||||||||||
NOK | RBS | (6,335,000 | ) | 06/19/2013 | (1,087,257 | ) | (9,258 | ) | ||||||||||||
NOK | RBS | (2,372,000 | ) | 06/19/2013 | (405,641 | ) | (4,924 | ) | ||||||||||||
NOK | RBS | 150,847,000 | 06/19/2013 | 26,302,456 | (192,596 | ) | ||||||||||||||
NOK | RBS | 966,000 | 06/19/2013 | 169,499 | (2,295 | ) | ||||||||||||||
NOK | RBS | 3,423,000 | 06/19/2013 | 590,578 | 1,904 | |||||||||||||||
NOK | RBS | 16,523,000 | 06/19/2013 | 2,878,563 | (18,624 | ) | ||||||||||||||
NOK | RBS | 8,017,000 | 06/19/2013 | 1,400,526 | (12,876 | ) | ||||||||||||||
NOK | RBS | 10,192,000 | 06/19/2013 | 1,779,159 | (15,043 | ) | ||||||||||||||
NOK | RBS | 37,392,000 | 06/19/2013 | 6,500,580 | (28,460 | ) | ||||||||||||||
NOK | RBS | 5,927,000 | 06/19/2013 | 1,032,210 | (6,316 | ) | ||||||||||||||
NZD | RBS | (8,530,000 | ) | 06/19/2013 | (6,952,494 | ) | (333,806 | ) | ||||||||||||
NZD | RBS | (4,464,000 | ) | 06/19/2013 | (3,654,468 | ) | (158,667 | ) | ||||||||||||
NZD | RBS | (5,867,000 | ) | 06/19/2013 | (4,814,010 | ) | (197,564 | ) | ||||||||||||
NZD | RBS | (3,222,000 | ) | 06/19/2013 | (2,619,264 | ) | (132,958 | ) | ||||||||||||
NZD | RBS | (7,355,000 | ) | 06/19/2013 | (6,006,349 | ) | (276,270 | ) | ||||||||||||
NZD | RBS | (7,642,000 | ) | 06/19/2013 | (6,258,480 | ) | (269,293 | ) | ||||||||||||
NZD | RBS | 81,473,000 | 06/19/2013 | 67,263,294 | 2,330,690 | |||||||||||||||
NZD | RBS | 4,364,000 | 06/19/2013 | 3,614,440 | 113,276 | |||||||||||||||
NZD | RBS | 7,151,000 | 06/19/2013 | �� | 5,944,979 | 163,384 | ||||||||||||||
NZD | RBS | 4,597,000 | 06/19/2013 | 3,820,849 | 105,894 | |||||||||||||||
NZD | RBS | 8,962,000 | 06/19/2013 | 7,471,833 | 183,480 | |||||||||||||||
NZD | RBS | 12,485,000 | 06/19/2013 | 10,461,800 | 202,848 | |||||||||||||||
NZD | RBS | 6,925,000 | 06/19/2013 | 5,805,531 | 109,782 | |||||||||||||||
NZD | RBS | 4,932,000 | 06/19/2013 | 4,111,013 | 101,886 | |||||||||||||||
NZD | RBS | 4,676,000 | 06/19/2013 | 3,914,359 | 79,866 | |||||||||||||||
NZD | RBS | 3,426,000 | 06/19/2013 | 2,876,451 | 50,028 | |||||||||||||||
NZD | RBS | 4,510,000 | 06/19/2013 | 3,808,859 | 43,569 | |||||||||||||||
NZD | RBS | 5,900,000 | 06/19/2013 | 5,019,644 | 20,118 | |||||||||||||||
NZD | RBS | 4,633,000 | 06/19/2013 | 3,982,003 | (24,509 | ) | ||||||||||||||
NZD | RBS | 4,461,000 | 06/19/2013 | 3,771,389 | 39,183 | |||||||||||||||
NZD | RBS | 2,074,000 | 06/19/2013 | 1,735,253 | 36,351 | |||||||||||||||
NZD | RBS | 3,792,000 | 06/19/2013 | 3,192,777 | 46,338 | |||||||||||||||
PHP | RBS | (6,000,000 | ) | 06/19/2013 | (147,182 | ) | 1,723 | |||||||||||||
PHP | RBS | (34,000,000 | ) | 06/19/2013 | (831,686 | ) | 7,417 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 163
Transamerica Managed Futures Strategy
CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
FORWARD FOREIGN CURRENCY CONTRACTS (continued): (C) (D) | ||||||||||||||||||||
Currency | Counterparty | Contracts Bought (Sold) | Settlement Date | Amount in U.S. Dollars Bought (Sold) | Net Unrealized Appreciation (Depreciation) | |||||||||||||||
PHP | RBS | (26,000,000 | ) | 06/19/2013 | $ (633,207 | ) | $ 2,884 | |||||||||||||
PHP | RBS | (56,000,000 | ) | 06/19/2013 | (1,358,866 | ) | 1,247 | |||||||||||||
PHP | RBS | (58,000,000 | ) | 06/19/2013 | (1,405,011 | ) | (1,095 | ) | ||||||||||||
PHP | RBS | (3,000,000 | ) | 06/19/2013 | (72,708 | ) | (21 | ) | ||||||||||||
PHP | RBS | (58,000,000 | ) | 06/19/2013 | (1,411,507 | ) | 5,401 | |||||||||||||
PHP | RBS | (59,000,000 | ) | 06/19/2013 | (1,441,457 | ) | 11,107 | |||||||||||||
PHP | RBS | (4,000,000 | ) | 06/19/2013 | (97,064 | ) | 91 | |||||||||||||
PHP | RBS | (12,000,000 | ) | 06/19/2013 | (294,112 | ) | 3,193 | |||||||||||||
PHP | RBS | 294,000,000 | 06/19/2013 | 7,235,142 | (107,639 | ) | ||||||||||||||
PHP | RBS | 32,000,000 | 06/19/2013 | 789,847 | (14,064 | ) | ||||||||||||||
PHP | RBS | 24,000,000 | 06/19/2013 | 592,165 | (10,328 | ) | ||||||||||||||
PHP | RBS | 33,000,000 | 06/19/2013 | 813,024 | (12,999 | ) | ||||||||||||||
PLN | RBS | (2,300,000 | ) | 06/19/2013 | (704,036 | ) | (21,193 | ) | ||||||||||||
PLN | RBS | (1,900,000 | ) | 06/19/2013 | (577,935 | ) | (21,168 | ) | ||||||||||||
PLN | RBS | (2,100,000 | ) | 06/19/2013 | (638,393 | ) | (23,773 | ) | ||||||||||||
PLN | RBS | (200,000 | ) | 06/19/2013 | (61,256 | ) | (1,808 | ) | ||||||||||||
PLN | RBS | (800,000 | ) | 06/19/2013 | (249,867 | ) | (2,387 | ) | ||||||||||||
PLN | RBS | (500,000 | ) | 06/19/2013 | (157,375 | ) | (284 | ) | ||||||||||||
PLN | RBS | (400,000 | ) | 06/19/2013 | (122,481 | ) | (3,645 | ) | ||||||||||||
PLN | RBS | (4,100,000 | ) | 06/19/2013 | (1,256,494 | ) | (36,306 | ) | ||||||||||||
PLN | RBS | (2,300,000 | ) | 06/19/2013 | (712,926 | ) | (12,303 | ) | ||||||||||||
PLN | RBS | 31,200,000 | 06/19/2013 | 9,736,321 | 101,573 | |||||||||||||||
PLN | RBS | 300,000 | 06/19/2013 | 94,144 | 451 | |||||||||||||||
PLN | RBS | 8,400,000 | 06/19/2013 | 2,661,085 | (12,421 | ) | ||||||||||||||
PLN | RBS | 8,900,000 | 06/19/2013 | 2,825,191 | (18,868 | ) | ||||||||||||||
PLN | RBS | 5,200,000 | 06/19/2013 | 1,642,524 | (2,875 | ) | ||||||||||||||
PLN | RBS | 5,300,000 | 06/19/2013 | 1,680,965 | (9,784 | ) | ||||||||||||||
PLN | RBS | 2,400,000 | 06/19/2013 | 756,575 | 186 | |||||||||||||||
PLN | RBS | 3,900,000 | 06/19/2013 | 1,246,729 | (16,992 | ) | ||||||||||||||
PLN | RBS | 3,300,000 | 06/19/2013 | 1,044,409 | (3,862 | ) | ||||||||||||||
PLN | RBS | 2,600,000 | 06/19/2013 | 825,562 | (5,737 | ) | ||||||||||||||
PLN | RBS | 2,200,000 | 06/19/2013 | 693,042 | 656 | |||||||||||||||
PLN | RBS | 1,300,000 | 06/19/2013 | 406,807 | 3,105 | |||||||||||||||
RUB | RBS | 42,000,000 | 06/19/2013 | 1,332,830 | 4,382 | |||||||||||||||
RUB | RBS | 41,000,000 | 06/19/2013 | 1,311,311 | (5,937 | ) | ||||||||||||||
RUB | RBS | 59,000,000 | 06/19/2013 | 1,885,888 | (7,423 | ) | ||||||||||||||
RUB | RBS | (13,000,000 | ) | 06/19/2013 | (412,018 | ) | (1,882 | ) | ||||||||||||
RUB | RBS | (43,000,000 | ) | 06/19/2013 | (1,352,238 | ) | (16,813 | ) | ||||||||||||
RUB | RBS | (106,000,000 | ) | 06/19/2013 | (3,304,324 | ) | (70,545 | ) | ||||||||||||
RUB | RBS | (99,000,000 | ) | 06/19/2013 | (3,093,111 | ) | (58,890 | ) | ||||||||||||
RUB | RBS | (110,000,000 | ) | 06/19/2013 | (3,454,009 | ) | (48,214 | ) | ||||||||||||
RUB | RBS | (54,000,000 | ) | 06/19/2013 | (1,710,493 | ) | (8,780 | ) | ||||||||||||
RUB | RBS | (45,000,000 | ) | 06/19/2013 | (1,423,933 | ) | (8,794 | ) | ||||||||||||
RUB | RBS | (134,000,000 | ) | 06/19/2013 | (4,212,328 | ) | (54,016 | ) | ||||||||||||
RUB | RBS | (7,000,000 | ) | 06/19/2013 | (219,586 | ) | (3,282 | ) | ||||||||||||
RUB | RBS | 17,000,000 | 06/19/2013 | 543,793 | (2,541 | ) | ||||||||||||||
RUB | RBS | 14,000,000 | 06/19/2013 | 449,115 | (3,377 | ) | ||||||||||||||
RUB | RBS | 14,000,000 | 06/19/2013 | 449,231 | (3,493 | ) | ||||||||||||||
RUB | RBS | 3,000,000 | 06/19/2013 | 95,987 | (471 | ) | ||||||||||||||
RUB | RBS | 33,000,000 | 06/19/2013 | 1,062,823 | (12,156 | ) | ||||||||||||||
RUB | RBS | 3,000,000 | 06/19/2013 | 95,835 | (320 | ) | ||||||||||||||
RUB | RBS | 428,000,000 | 06/19/2013 | 13,688,014 | (61,184 | ) | ||||||||||||||
RUB | RBS | 4,000,000 | 06/19/2013 | 128,146 | (793 | ) | ||||||||||||||
RUB | RBS | 83,000,000 | 06/19/2013 | 2,653,071 | (10,485 | ) | ||||||||||||||
SEK | RBS | (12,865,000 | ) | 06/19/2013 | (1,971,706 | ) | (11,108 | ) | ||||||||||||
SEK | RBS | (29,273,000 | ) | 06/19/2013 | (4,544,330 | ) | 32,639 | |||||||||||||
SEK | RBS | (3,586,000 | ) | 06/19/2013 | (557,999 | ) | 5,308 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 164
Transamerica Managed Futures Strategy
CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
FORWARD FOREIGN CURRENCY CONTRACTS (continued): (C) (D) | ||||||||||||||||||||
Currency | Counterparty | Contracts Bought (Sold) | Settlement Date | Amount in U.S. Dollars Bought (Sold) | Net Unrealized Appreciation (Depreciation) | |||||||||||||||
SEK | RBS | (42,549,000 | ) | 06/19/2013 | $ (6,517,824 | ) | $ (40,026 | ) | ||||||||||||
SEK | RBS | (14,392,000 | ) | 06/19/2013 | (2,178,833 | ) | (39,329 | ) | ||||||||||||
SEK | RBS | (34,318,000 | ) | 06/19/2013 | (5,205,309 | ) | (83,941 | ) | ||||||||||||
SEK | RBS | (15,349,000 | ) | 06/19/2013 | (2,342,790 | ) | (22,869 | ) | ||||||||||||
SEK | RBS | 9,220,000 | 06/19/2013 | 1,428,510 | (7,481 | ) | ||||||||||||||
SEK | RBS | 6,660,000 | 06/19/2013 | 1,040,076 | (13,606 | ) | ||||||||||||||
SEK | RBS | 4,012,000 | 06/19/2013 | 627,519 | (9,171 | ) | ||||||||||||||
SEK | RBS | 1,558,000 | 06/19/2013 | 242,568 | (2,442 | ) | ||||||||||||||
SEK | RBS | 2,941,000 | 06/19/2013 | 457,899 | (4,618 | ) | ||||||||||||||
SEK | RBS | 7,451,000 | 06/19/2013 | 1,155,246 | (6,863 | ) | ||||||||||||||
SEK | RBS | 5,990,000 | 06/19/2013 | 928,544 | (5,337 | ) | ||||||||||||||
SEK | RBS | 4,955,000 | 06/19/2013 | 767,746 | (4,059 | ) | ||||||||||||||
SEK | RBS | 5,400,000 | 06/19/2013 | 835,135 | (2,862 | ) | ||||||||||||||
SEK | RBS | 311,318,000 | 06/19/2013 | 48,564,340 | (582,563 | ) | ||||||||||||||
SEK | RBS | 6,972,000 | 06/19/2013 | 1,076,681 | (2,124 | ) | ||||||||||||||
SEK | RBS | 3,885,000 | 06/19/2013 | 607,604 | (8,829 | ) | ||||||||||||||
SEK | RBS | 25,972,000 | 06/19/2013 | 4,080,702 | (77,777 | ) | ||||||||||||||
SEK | RBS | 21,319,000 | 06/19/2013 | 3,332,176 | (46,393 | ) | ||||||||||||||
SGD | RBS | 1,430,000 | 06/19/2013 | 1,157,003 | 4,021 | |||||||||||||||
SGD | RBS | 2,910,000 | 06/19/2013 | 2,359,067 | 3,576 | |||||||||||||||
SGD | RBS | (120,000 | ) | 06/19/2013 | (97,083 | ) | (345 | ) | ||||||||||||
SGD | RBS | (470,000 | ) | 06/19/2013 | (377,563 | ) | (4,032 | ) | ||||||||||||
SGD | RBS | (2,070,000 | ) | 06/19/2013 | (1,664,013 | ) | (16,630 | ) | ||||||||||||
SGD | RBS | (780,000 | ) | 06/19/2013 | (624,962 | ) | (8,324 | ) | ||||||||||||
SGD | RBS | (80,000 | ) | 06/19/2013 | (64,017 | ) | (936 | ) | ||||||||||||
SGD | RBS | (800,000 | ) | 06/19/2013 | (641,466 | ) | (8,058 | ) | ||||||||||||
SGD | RBS | (460,000 | ) | 06/19/2013 | (368,633 | ) | (4,843 | ) | ||||||||||||
SGD | RBS | (750,000 | ) | 06/19/2013 | (600,607 | ) | (8,322 | ) | ||||||||||||
SGD | RBS | (1,030,000 | ) | 06/19/2013 | (831,061 | ) | (5,202 | ) | ||||||||||||
SGD | RBS | (2,350,000 | ) | 06/19/2013 | (1,899,416 | ) | (8,561 | ) | ||||||||||||
SGD | RBS | (160,000 | ) | 06/19/2013 | (129,246 | ) | (659 | ) | ||||||||||||
SGD | RBS | (150,000 | ) | 06/19/2013 | (121,200 | ) | (586 | ) | ||||||||||||
SGD | RBS | (1,020,000 | ) | 06/19/2013 | (821,667 | ) | (6,477 | ) | ||||||||||||
SGD | RBS | (1,550,000 | ) | 06/19/2013 | (1,247,885 | ) | (10,568 | ) | ||||||||||||
SGD | RBS | (110,000 | ) | 06/19/2013 | (88,981 | ) | (328 | ) | ||||||||||||
SGD | RBS | 1,180,000 | 06/19/2013 | 953,571 | 4,477 | |||||||||||||||
SGD | RBS | 990,000 | 06/19/2013 | 796,245 | 7,541 | |||||||||||||||
SGD | RBS | (1,930,000 | ) | 06/19/2013 | (1,544,885 | ) | (22,092 | ) | ||||||||||||
SGD | RBS | (480,000 | ) | 06/19/2013 | (383,446 | ) | (6,269 | ) | ||||||||||||
SGD | RBS | 790,000 | 06/19/2013 | 634,117 | 7,289 | |||||||||||||||
SGD | RBS | 390,000 | 06/19/2013 | 312,116 | 4,527 | |||||||||||||||
SGD | RBS | 6,390,000 | 06/19/2013 | 5,142,511 | 45,563 | |||||||||||||||
SGD | RBS | 2,890,000 | 06/19/2013 | 2,336,570 | 9,836 | |||||||||||||||
SGD | RBS | 1,920,000 | 06/19/2013 | 1,549,275 | 9,583 | |||||||||||||||
SGD | RBS | 1,270,000 | 06/19/2013 | 1,025,465 | 5,655 | |||||||||||||||
SGD | RBS | 830,000 | 06/19/2013 | 670,540 | 3,341 | |||||||||||||||
SGD | RBS | 1,030,000 | 06/19/2013 | 835,293 | 970 | |||||||||||||||
SGD | RBS | 2,470,000 | 06/19/2013 | 2,000,502 | 4,903 | |||||||||||||||
TRY | RBS | (1,100,000 | ) | 06/19/2013 | (609,385 | ) | (1,032 | ) | ||||||||||||
TRY | RBS | 200,000 | 06/19/2013 | 109,416 | 1,569 | |||||||||||||||
TRY | RBS | 1,300,000 | 06/19/2013 | 714,254 | 7,147 | |||||||||||||||
TRY | RBS | 1,600,000 | 06/19/2013 | 881,648 | 6,230 | |||||||||||||||
TRY | RBS | 1,100,000 | 06/19/2013 | 604,399 | 6,017 | |||||||||||||||
TRY | RBS | 200,000 | 06/19/2013 | 108,589 | 2,395 | |||||||||||||||
TRY | RBS | 15,720,000 | 06/19/2013 | 8,631,949 | 91,455 | |||||||||||||||
TRY | RBS | 300,000 | 06/19/2013 | 163,721 | 2,756 | |||||||||||||||
TRY | RBS | 2,400,000 | 06/19/2013 | 1,305,866 | 25,952 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 165
Transamerica Managed Futures Strategy
CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
FORWARD FOREIGN CURRENCY CONTRACTS (continued): (C) (D) | ||||||||||||||||||||
Currency | Counterparty | Contracts Bought (Sold) | Settlement Date | Amount in U.S. Dollars Bought (Sold) | Net Unrealized Appreciation (Depreciation) | |||||||||||||||
TRY | RBS | 1,500,000 | 06/19/2013 | $ 821,352 | $ 11,034 | |||||||||||||||
TRY | RBS | 1,700,000 | 06/19/2013 | 933,764 | 9,607 | |||||||||||||||
TRY | RBS | 700,000 | 06/19/2013 | 383,732 | 4,715 | |||||||||||||||
TRY | RBS | 2,000,000 | 06/19/2013 | 1,097,852 | 11,996 | |||||||||||||||
TWD | RBS | 19,000,000 | 06/19/2013 | 643,100 | 1,109 | |||||||||||||||
TWD | RBS | 13,000,000 | 06/19/2013 | 441,885 | (1,111 | ) | ||||||||||||||
TWD | RBS | (41,000,000 | ) | 06/19/2013 | (1,387,477 | ) | (2,658 | ) | ||||||||||||
TWD | RBS | (190,000,000 | ) | 06/19/2013 | (6,418,919 | ) | (23,171 | ) | ||||||||||||
TWD | RBS | (13,000,000 | ) | 06/19/2013 | (439,708 | ) | (1,066 | ) | ||||||||||||
TWD | RBS | (15,000,000 | ) | 06/19/2013 | (506,543 | ) | (2,043 | ) | ||||||||||||
TWD | RBS | (29,000,000 | ) | 06/19/2013 | (980,378 | ) | (2,889 | ) | ||||||||||||
TWD | RBS | (1,000,000 | ) | 06/19/2013 | (33,761 | ) | (145 | ) | ||||||||||||
TWD | RBS | (2,000,000 | ) | 06/19/2013 | (67,579 | ) | (233 | ) | ||||||||||||
TWD | RBS | (11,000,000 | ) | 06/19/2013 | (370,865 | ) | (2,098 | ) | ||||||||||||
TWD | RBS | (48,000,000 | ) | 06/19/2013 | (1,617,220 | ) | (10,255 | ) | ||||||||||||
TWD | RBS | (19,000,000 | ) | 06/19/2013 | (635,864 | ) | (8,345 | ) | ||||||||||||
TWD | RBS | (1,000,000 | ) | 06/19/2013 | (33,450 | ) | (456 | ) | ||||||||||||
TWD | RBS | (15,000,000 | ) | 06/19/2013 | (503,265 | ) | (5,321 | ) | ||||||||||||
TWD | RBS | (10,000,000 | ) | 06/19/2013 | (335,819 | ) | (3,239 | ) | ||||||||||||
TWD | RBS | (26,000,000 | ) | 06/19/2013 | (873,508 | ) | (8,041 | ) | ||||||||||||
TWD | RBS | (11,000,000 | ) | 06/19/2013 | (370,927 | ) | (2,036 | ) | ||||||||||||
TWD | RBS | 20,000,000 | 06/19/2013 | 675,613 | 2,502 | |||||||||||||||
TWD | RBS | 60,000,000 | 06/19/2013 | 2,009,229 | 25,115 | |||||||||||||||
TWD | RBS | 17,000,000 | 06/19/2013 | 571,052 | 5,345 | |||||||||||||||
ZAR | RBS | 4,300,000 | 06/19/2013 | 467,598 | 8,388 | |||||||||||||||
ZAR | RBS | 10,000,000 | 06/19/2013 | 1,096,366 | 10,577 | |||||||||||||||
ZAR | RBS | 7,700,000 | 06/19/2013 | 851,755 | 592 | |||||||||||||||
ZAR | RBS | (52,100,000 | ) | 06/19/2013 | (5,665,609 | ) | (101,565 | ) | ||||||||||||
ZAR | RBS | (5,600,000 | ) | 06/19/2013 | (609,431 | ) | (10,457 | ) | ||||||||||||
ZAR | RBS | (17,600,000 | ) | 06/19/2013 | (1,920,465 | ) | (27,755 | ) | ||||||||||||
ZAR | RBS | (9,500,000 | ) | 06/19/2013 | (1,029,419 | ) | (22,177 | ) | ||||||||||||
ZAR | RBS | (12,700,000 | ) | 06/19/2013 | (1,370,190 | ) | (35,628 | ) | ||||||||||||
ZAR | RBS | (6,000,000 | ) | 06/19/2013 | (649,525 | ) | (14,641 | ) | ||||||||||||
ZAR | RBS | (2,800,000 | ) | 06/19/2013 | (300,337 | ) | (9,607 | ) | ||||||||||||
ZAR | RBS | (7,100,000 | ) | 06/19/2013 | (764,357 | ) | (21,573 | ) | ||||||||||||
ZAR | RBS | (7,100,000 | ) | 06/19/2013 | (758,537 | ) | (27,393 | ) | ||||||||||||
ZAR | RBS | (6,500,000 | ) | 06/19/2013 | (698,896 | ) | (20,617 | ) | ||||||||||||
ZAR | RBS | (500,000 | ) | 06/19/2013 | (53,471 | ) | (1,876 | ) | ||||||||||||
ZAR | RBS | (900,000 | ) | 06/19/2013 | (96,438 | ) | (3,187 | ) | ||||||||||||
ZAR | RBS | (1,300,000 | ) | 06/19/2013 | (140,481 | ) | (3,422 | ) | ||||||||||||
ZAR | RBS | (700,000 | ) | 06/19/2013 | (75,947 | ) | (1,539 | ) | ||||||||||||
ZAR | RBS | (11,600,000 | ) | 06/19/2013 | (1,244,108 | ) | (39,947 | ) | ||||||||||||
ZAR | RBS | (1,100,000 | ) | 06/19/2013 | (117,940 | ) | (3,823 | ) | ||||||||||||
ZAR | RBS | (1,300,000 | ) | 06/19/2013 | (137,208 | ) | (6,694 | ) | ||||||||||||
ZAR | RBS | (1,500,000 | ) | 06/19/2013 | (160,174 | ) | (5,867 | ) | ||||||||||||
ZAR | RBS | 1,300,000 | 06/19/2013 | 137,829 | 6,074 | |||||||||||||||
ZAR | RBS | 300,000 | 06/19/2013 | 32,085 | 1,123 | |||||||||||||||
ZAR | RBS | 3,000,000 | 06/19/2013 | 322,415 | 9,668 | |||||||||||||||
ZAR | RBS | 1,400,000 | 06/19/2013 | 150,037 | 4,935 | |||||||||||||||
ZAR | RBS | 500,000 | 06/19/2013 | 54,669 | 678 | |||||||||||||||
ZAR | RBS | 5,100,000 | 06/19/2013 | 566,186 | (1,645 | ) | ||||||||||||||
ZAR | RBS | 17,400,000 | 06/19/2013 | 1,939,314 | (13,233 | ) | ||||||||||||||
ZAR | RBS | 19,400,000 | 06/19/2013 | 2,153,654 | (6,184 | ) | ||||||||||||||
ZAR | RBS | 9,000,000 | 06/19/2013 | 990,929 | 5,320 | |||||||||||||||
|
| |||||||||||||||||||
$ 5,464,811 | ||||||||||||||||||||
|
|
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 166
Transamerica Managed Futures Strategy
CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
FORWARD FOREIGN CURRENCY CONTRACTS (continued): (C) (D) |
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 April 30, 2013:
Counterparty | Total Market Value of OTC Derivatives | Collateral (Received) Pledged | Net Exposures (1) | |||||||||
BCLY | $ | 824,249 | $ | 5,945,570 | $ | 6,769,819 | ||||||
BOA | 109,256 | (100,000 | ) | 9,256 | ||||||||
GSC | 774,518 | — | 774,518 | |||||||||
RBS | 5,862,633 | — | 5,862,633 |
(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:
(A) | Rate shown reflects the yield at April 30, 2013. |
(B) | Aggregate cost for federal income tax purposes is $332,606,180. |
(C) | Cash in the amount of $5,945,570 has been segregated by the custodian with the broker as collateral for open swap and/or forward foreign currency contracts. |
(D) | Cash in the amount of $100,000 has been segregated by the broker with the custodian as collateral for open swap and/or forward foreign currency contracts. |
(E) | 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. |
(F) | Cash in the amount of $20,809,479 has been segregated by the custodian with the broker as collateral to cover margin requirements for open futures contracts. |
DEFINITIONS:
BCLY | Barclays Bank PLC | |
BOA | Bank of America | |
EURIBOR | Euro InterBank Offered Rate | |
GSC | Goldman Sachs & Co. | |
OTC | Over the Counter | |
RBS | Royal Bank of Scotland Group PLC |
CURRENCY ABBREVIATIONS:
AUD | Australian Dollar | |
BRL | Brazilian Real | |
CAD | Canadian Dollar | |
CHF | Swiss Franc | |
CLP | Chilean Peso | |
COP | Columbian Peso | |
CZK | Czech Republic Koruna | |
EUR | Euro | |
GBP | Pound Sterling | |
HUF | Hungarian Forint | |
IDR | Indonesian Rupiah | |
ILS | Israel New Shekel | |
INR | Indian Rupee | |
JPY | Japanese Yen | |
KRW | South Korean Won | |
MXN | Mexican Peso | |
MYR | Malaysian Ringgit |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 167
Transamerica Managed Futures Strategy
CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)
At April 30, 2013
(unaudited)
CURRENCY ABBREVIATIONS (continued):
NOK | Norwegian Krone | |
NZD | New Zealand Dollar | |
PHP | Philippine Peso | |
PLN | Polish Zloty | |
RUB | Russian Ruble | |
SEK | Swedish Krona | |
SGD | Singapore Dollar | |
TRY | Turkish New Lira | |
TWD | Taiwan New Dollar | |
ZAR | South African Rand |
VALUATION SUMMARY: (G)
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
ASSETS | ||||||||||||||||
Investment Securities | ||||||||||||||||
Short-Term U.S. Government Obligation | $ | — | $ | 35,465,286 | $ | — | $ | 35,465,286 | ||||||||
Investment Companies | 297,140,894 | — | — | 297,140,894 | ||||||||||||
Total Investment Securities | $ | 297,140,894 | $ | 35,465,286 | $ | — | $ | 332,606,180 | ||||||||
Derivative Financial Instruments | ||||||||||||||||
Forward Foreign Currency Contracts (H) | $ | — | $ | 16,524,717 | $ | — | $ | 16,524,717 | ||||||||
Futures Contracts (H) | 14,150,834 | — | — | 14,150,834 | ||||||||||||
Total Return Swap Agreements (H) | — | 2,576,527 | — | 2,576,527 | ||||||||||||
Total Derivative Financial Instruments | $ | 14,150,834 | $ | 19,101,244 | $ | — | $ | 33,252,078 | ||||||||
Other Assets (I) | ||||||||||||||||
Cash on Deposit with Broker | $ | 20,809,479 | $ | — | $ | — | $ | 20,809,479 | ||||||||
Cash on Deposit with Custodian | 5,945,570 | — | — | 5,945,570 | ||||||||||||
Foreign Currency | 229,324 | — | — | 229,324 | ||||||||||||
Total Other Assets | $ | 26,984,373 | $ | — | $ | — | $ | 26,984,373 | ||||||||
Level 1 Quoted Prices | Level 2 Other Significant Observable Inputs | Level 3 Significant Unobservable Inputs | Value at April 30, 2013 | |||||||||||||
LIABILITIES | ||||||||||||||||
Derivative Financial Instruments | ||||||||||||||||
Forward Foreign Currency Contracts (H) | $ | — | $ | (11,059,906 | ) | $ | — | $ | (11,059,906 | ) | ||||||
Futures Contracts (H) | (4,426,191 | ) | — | — | (4,426,191 | ) | ||||||||||
Total Return Swap Agreements (H) | — | (470,682 | ) | — | (470,682 | ) | ||||||||||
Total Derivative Financial Instruments | $ | (4,426,191 | ) | $ | (11,530,588 | ) | $ | — | $ | (15,956,779 | ) | |||||
Other Liabilities (I) | ||||||||||||||||
Cash Deposit due to Broker | $ | — | $ | (100,000 | ) | $ | — | $ | (100,000 | ) | ||||||
Total Other Liabilities | $ | — | $ | (100,000 | ) | $ | — | $ | (100,000 | ) |
(G) | Transfers between levels are considered to have occurred at the end of the reporting period. There were no transfers between Levels 1 and 2 during the period ended April 30, 2013. See the notes to the financial statements for more information regarding pricing inputs and valuation techniques. |
(H) | Other financial instruments are derivative instruments that are valued at unrealized appreciation (depreciation) on the instrument. |
(I) | Certain assets and liabilities are held at carrying amount or face value, which approximates fair value for financial reporting purposes. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 168
CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES
At April 30, 2013
(unaudited)
Transamerica Commodity Strategy | Transamerica Global Allocation | Transamerica Global Macro | Transamerica Managed Futures Strategy | |||||||||||||
Assets: | ||||||||||||||||
Investment securities, at value | $ | 60,171,580 | $ | 377,034,204 | $ | — | $ | 332,606,180 | ||||||||
Repurchase agreements, at value | 72,872,961 | 1,090,243 | 95,255,739 | — | ||||||||||||
Cash on deposit with broker | 1,600,000 | 667,275 | — | 20,809,479 | ||||||||||||
Cash on deposit with custodian | 13,375,575 | — | — | 5,945,570 | ||||||||||||
Foreign currency, at value | — | 514,088 | 9 | 229,324 | ||||||||||||
Unrealized appreciation on forward foreign currency contracts | — | 571,962 | — | 16,524,717 | ||||||||||||
Unrealized appreciation on swap agreements | — | 110,238 | — | 2,576,527 | ||||||||||||
Premium paid on swap agreements | — | 13,042 | — | — | ||||||||||||
Receivables: | ||||||||||||||||
Shares of beneficial interest sold | 86,854 | 157,675 | 181 | 1,253 | ||||||||||||
Investment securities sold | — | 2,536,800 | — | 5,231,534 | ||||||||||||
Interest | 61 | 843,157 | 79 | 2,778 | ||||||||||||
Dividends | — | 452,821 | — | — | ||||||||||||
Dividend reclaims | 1,136 | 81,365 | 801 | — | ||||||||||||
Securities lending income (net) | 219 | 15,172 | 5 | — | ||||||||||||
Variation margin | — | 282,129 | — | 9,146,504 | ||||||||||||
Prepaid expenses | 513 | 1,416 | 387 | 1,175 | ||||||||||||
Total assets | 148,108,899 | 384,371,587 | 95,257,201 | 393,075,041 | ||||||||||||
Liabilities: | ||||||||||||||||
Due to custodian | — | 368,204 | — | — | ||||||||||||
Cash collateral due to broker | — | 956,293 | — | 100,000 | ||||||||||||
Cash collateral due to custodian | — | 900,000 | — | — | ||||||||||||
Accounts payable and accrued liabilities: | ||||||||||||||||
Shares of beneficial interest redeemed | 4,811 | 160,754 | — | 18,543,815 | ||||||||||||
Investment securities purchased | 3,114,227 | 2,418,300 | — | — | ||||||||||||
Management and advisory fees | 68,558 | 243,726 | 107,889 | 371,043 | ||||||||||||
Transfer agent fees | 843 | 2,283 | 647 | 2,530 | ||||||||||||
Trustees fees | 436 | 734 | 259 | 732 | ||||||||||||
Administration fees | 2,810 | 7,611 | 2,158 | 8,433 | ||||||||||||
Capital gains tax | — | 60,880 | — | — | ||||||||||||
Other | 32,869 | 146,490 | 31,284 | 83,153 | ||||||||||||
Collateral for securities on loan | 20,196,000 | 34,080,443 | — | — | ||||||||||||
Written options and swaptions, at value | — | 602,945 | — | — | ||||||||||||
Unrealized depreciation on forward foreign currency contracts | — | 444,551 | — | 11,059,906 | ||||||||||||
Unrealized depreciation on swap agreements | 30,567 | 39,865 | — | 470,682 | ||||||||||||
Total liabilities | 23,451,121 | 40,433,079 | 142,237 | 30,640,294 | ||||||||||||
Net assets | $ | 124,657,778 | $ | 343,938,508 | $ | 95,114,964 | $ | 362,434,747 | ||||||||
Net assets consist of: | ||||||||||||||||
Shares of beneficial interest, unlimited shares authorized, no par value | $ | 134,409,373 | $ | 298,973,140 | $ | 166,647,116 | $ | 335,496,400 | ||||||||
Undistributed (accumulated) net investment income (loss) | (1,262,213 | ) | 339,479 | (1,885,781 | ) | (7,850,289 | ) | |||||||||
Undistributed (accumulated) net realized gain (loss) from investment securities, futures, written option contracts, swap agreements and foreign currency transactions | (8,458,815 | ) | 4,923,621 | (69,646,330 | ) | 17,532,018 | ||||||||||
Net unrealized appreciation (depreciation) on: | ||||||||||||||||
Investment securities | — | 39,385,404 | — | — | ||||||||||||
Futures contracts | — | 281,938 | — | 9,724,643 | ||||||||||||
Options written | — | (160,503 | ) | — | — | |||||||||||
Swap agreements | (30,567 | ) | 70,373 | — | 2,105,845 | |||||||||||
Translation of assets and liabilities denominated in foreign currencies | — | 125,056 | (41 | ) | 5,426,130 | |||||||||||
Net assets | $ | 124,657,778 | $ | 343,938,508 | $ | 95,114,964 | $ | 362,434,747 | ||||||||
Shares outstanding | 13,776,068 | 30,121,431 | 16,537,424 | 34,399,428 | ||||||||||||
Net asset value and offering price per share | $ | 9.05 | $ | 11.42 | $ | 5.75 | $ | 10.54 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Investment securities, at cost | $ | 60,171,580 | $ | 337,587,920 | $ | — | $ | 332,606,180 | ||||||||
Repurchase agreements, at cost | $ | 72,872,961 | $ | 1,090,243 | $ | 95,255,739 | $ | — | ||||||||
Foreign currency, at cost | $ | — | $ | 513,354 | $ | 9 | $ | 267,995 | ||||||||
Securities loaned, at value | $ | 19,793,995 | $ | 33,121,444 | $ | — | $ | — | ||||||||
Premium received on written option and swaption contracts | $ | — | $ | 442,442 | $ | — | $ | — |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 169
CONSOLIDATED STATEMENTS OF OPERATIONS
For the period ended April 30, 2013
(unaudited)
Transamerica Commodity Strategy | Transamerica Global Allocation | Transamerica Global Macro | Transamerica Managed Futures Strategy | |||||||||||||
Investment Income: | ||||||||||||||||
Dividend income | $ | — | $ | 2,370,415 | $ | — | $ | — | ||||||||
Interest income | 67,261 | 1,339,238 | 43,891 | 32,762 | ||||||||||||
Withholding taxes on foreign income | — | (98,351 | ) | — | — | |||||||||||
Securities lending income (net) | 19,587 | 63,354 | 2,129 | — | ||||||||||||
Total investment income | 86,848 | 3,674,656 | 46,020 | 32,762 | ||||||||||||
Expenses: | ||||||||||||||||
Management and advisory | 409,685 | 1,196,023 | 591,101 | 1,864,723 | ||||||||||||
Transfer agent | 5,037 | 12,045 | 3,547 | 12,714 | ||||||||||||
Printing and shareholder reports | 5,791 | 14,220 | 4,092 | 14,907 | ||||||||||||
Custody | 33,502 | 303,395 | 80,481 | 266,243 | ||||||||||||
Administration | 16,790 | 40,151 | 11,822 | 42,380 | ||||||||||||
Legal | 10,138 | 10,725 | 7,532 | 10,733 | ||||||||||||
Audit and tax | 10,288 | 17,021 | 10,771 | 10,696 | ||||||||||||
Trustees | 1,279 | 2,838 | 870 | 2,959 | ||||||||||||
Other | 1,404 | 2,427 | 897 | 20,379 | ||||||||||||
Total expenses | 493,914 | 1,598,845 | 711,113 | 2,245,734 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Net investment income (loss) | (407,066 | ) | 2,075,811 | (665,093 | ) | (2,212,972 | ) | |||||||||
Net realized gain (loss) on transactions from: | ||||||||||||||||
Investment securities | — | 7,654,045 | (A) | (3,109,863 | ) | — | ||||||||||
Futures contracts | — | 73,029 | (1,432,234 | ) | (1,645,137 | ) | ||||||||||
Written option and swaption contracts | — | 546,228 | 3,893,341 | — | ||||||||||||
Swap agreements | (8,459,883 | ) | (7,478 | ) | — | 2,115,374 | ||||||||||
Foreign currency transactions | — | 715,902 | 1,009,679 | 21,144,697 | ||||||||||||
Total realized gain (loss) | (8,459,883 | ) | 8,981,726 | 360,923 | 21,614,934 | |||||||||||
Net change in unrealized appreciation (depreciation) on: | ||||||||||||||||
Investment securities | — | 16,414,094 | (B) | 358,521 | — | |||||||||||
Futures contracts | — | 94,536 | 286,572 | 13,327,733 | ||||||||||||
Written option and swaption contracts | — | (429,357 | ) | (385,483 | ) | — | ||||||||||
Swap agreements | (30,567 | ) | 3,983 | — | 2,202,986 | |||||||||||
Translation of assets and liabilities denominated in foreign currencies | — | 336,952 | (279,399 | ) | 4,459,249 | |||||||||||
Net change in unrealized appreciation (depreciation) | (30,567 | ) | 16,420,208 | (19,789 | ) | 19,989,968 | ||||||||||
Net realized and change in unrealized gain (loss) | (8,490,450 | ) | 25,401,934 | 341,134 | 41,604,902 | |||||||||||
Net increase (decrease) in net assets resulting from operations | $ | (8,897,516 | ) | $ | 27,477,745 | $ | (323,959 | ) | $ | 39,391,930 |
(A) | Net of foreign capital gains tax of $1,133. |
(B) | Net of foreign capital gains tax of $60,880. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 170
CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS
For the period and year ended:
Transamerica Commodity Strategy | Transamerica Global Allocation | Transamerica Global Macro | ||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | April 30, 2013 (unaudited) | October 31, 2012 | April 30, 2013 (unaudited) | October 31, 2012 | |||||||||||||||||||
From operations: | ||||||||||||||||||||||||
Net investment income (loss) | $ | (407,066 | ) | $ | (992,293 | ) | $ | 2,075,811 | $ | 6,159,635 | $ | (665,093 | ) | $ | (1,532,720 | ) | ||||||||
Net realized gain (loss) from investment securities, futures, written option contracts, swap agreements and foreign currency transactions | (8,459,883 | ) | (11,228,391 | ) | 8,981,726 | 8,831,626 | 360,923 | 3,072,879 | ||||||||||||||||
Net change in unrealized appreciation (depreciation) on investment securities, futures, written option contracts, swap agreements and foreign currency translations | (30,567 | ) | — | 16,420,208 | (711,717 | ) | (19,789 | ) | (2,402,664 | ) | ||||||||||||||
Net increase (decrease) in net assets resulting from operations | (8,897,516 | ) | (12,220,684 | ) | 27,477,745 | 14,279,544 | (323,959 | ) | (862,505 | ) | ||||||||||||||
Distributions to shareholders: | ||||||||||||||||||||||||
From net investment income | — | (6,302,827 | ) | (5,712,156 | ) | (10,437,710 | ) | — | — | |||||||||||||||
From net realized gains | — | — | (9,903,044 | ) | (6,764,048 | ) | — | — | ||||||||||||||||
Total distributions to shareholders | — | (6,302,827 | ) | (15,615,200 | ) | (17,201,758 | ) | — | — | |||||||||||||||
Capital share transactions: | ||||||||||||||||||||||||
Proceeds from shares sold | 893,555 | 24,647,279 | 16,230,395 | 43,521,044 | 16,801,366 | 52,588,168 | ||||||||||||||||||
Dividends and distributions reinvested | — | 6,302,828 | 15,615,200 | 17,201,758 | — | — | ||||||||||||||||||
Cost of shares redeemed | (17,831,148 | ) | (39,777,077 | ) | (14,475,120 | ) | (165,321,581 | ) | (33,623,836 | ) | (77,014,991 | ) | ||||||||||||
Net increase (decrease) in net assets resulting from capital shares transactions | (16,937,593 | ) | (8,826,970 | ) | 17,370,475 | (104,598,779 | ) | (16,822,470 | ) | (24,426,823 | ) | |||||||||||||
Net increase (decrease) in net assets | (25,835,109 | ) | (27,350,481 | ) | 29,233,020 | (107,520,993 | ) | (17,146,429 | ) | (25,289,328 | ) | |||||||||||||
Net assets: | ||||||||||||||||||||||||
Beginning of period | 150,492,887 | 177,843,368 | 314,705,488 | 422,226,481 | 112,261,393 | 137,550,721 | ||||||||||||||||||
End of period | $ | 124,657,778 | $ | 150,492,887 | $ | 343,938,508 | $ | 314,705,488 | $ | 95,114,964 | $ | 112,261,393 | ||||||||||||
Undistributed (accumulated) net investment income (loss) | $ | (1,262,213 | ) | $ | (855,147 | ) | $ | 339,479 | $ | 3,975,824 | $ | (1,885,781 | ) | $ | (1,220,688 | ) | ||||||||
Share activity: | ||||||||||||||||||||||||
Shares issued | 96,341 | 2,565,386 | 1,464,913 | 4,016,155 | 2,907,817 | 9,160,091 | ||||||||||||||||||
Shares issued-reinvested from dividends and distributions | — | 669,090 | 1,463,468 | 1,709,916 | — | — | ||||||||||||||||||
Shares redeemed | (1,875,273 | ) | (4,191,509 | ) | (1,316,385 | ) | (15,651,748 | ) | (5,842,598 | ) | (13,337,447 | ) | ||||||||||||
Net increase (decrease) in shares outstanding | (1,778,932 | ) | (957,033 | ) | 1,611,996 | (9,925,677 | ) | (2,934,781 | ) | (4,177,356 | ) |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 171
CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS (continued)
For the period and year ended:
Transamerica Managed Futures Strategy | ||||||||
April 30, 2013 (unaudited) | October 31, 2012 | |||||||
From operations: | ||||||||
Net investment loss | $ | (2,212,972 | ) | $ | (3,748,129 | ) | ||
Net realized gain (loss) from futures, swap agreements and foreign currency transactions | 21,614,934 | (5,094,606 | ) | |||||
Net change in unrealized appreciation (depreciation) on futures, swap agreements and foreign currency translations | 19,989,968 | 5,726,951 | ||||||
Net increase (decrease) in net assets resulting from operations | 39,391,930 | (3,115,784 | ) | |||||
Distributions to shareholders: | ||||||||
From net investment income | — | (88,063 | ) | |||||
From net realized gains | — | (127,561 | ) | |||||
Total distributions to shareholders | — | (215,624 | ) | |||||
Capital share transactions: | ||||||||
Proceeds from shares sold | 75,989,681 | 186,221,171 | ||||||
Dividends and distributions reinvested | — | 215,624 | ||||||
Cost of shares redeemed | (55,070,196 | ) | (143,390,834 | ) | ||||
Net increase in net assets resulting from capital shares transactions | 20,919,485 | 43,045,961 | ||||||
Net increase in net assets | 60,311,415 | 39,714,553 | ||||||
Net assets: | ||||||||
Beginning of period | 302,123,332 | 262,408,779 | ||||||
End of period | $ | 362,434,747 | $ | 302,123,332 | ||||
Undistributed (accumulated) net investment income (loss) | $ | (7,850,289 | ) | $ | (5,637,317 | ) | ||
Share activity: | ||||||||
Shares issued | 7,606,814 | 19,224,440 | ||||||
Shares issued-reinvested from dividends and distributions | — | 22,275 | ||||||
Shares redeemed | (5,471,771 | ) | (15,087,978 | ) | ||||
Net increase (decrease) in shares outstanding | 2,135,043 | 4,158,737 |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 172
FINANCIAL HIGHLIGHTS
For the period or years ended:
For a share outstanding throughout each period | Transamerica Commodity Strategy | |||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 9.67 | $ | 10.77 | $ | 11.24 | $ | 10.03 | $ | 8.11 | $ | 14.11 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income (loss)(A) | (0.03 | ) | (0.06 | ) | (0.07 | ) | 0.04 | 0.05 | 0.03 | |||||||||||||||
Net realized and unrealized gain (loss) | (0.59 | ) | (0.66 | ) | 0.64 | 1.22 | 1.91 | (5.85 | ) | |||||||||||||||
Total from investment operations | (0.62 | ) | (0.72 | ) | 0.57 | 1.26 | 1.96 | (5.82 | ) | |||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | — | (0.38 | ) | (0.57 | ) | (0.05 | ) | (0.04 | ) | (0.03 | ) | |||||||||||||
Net realized gains on investments | — | — | (0.47 | ) | — | — | (B) | (0.15 | ) | |||||||||||||||
Total distributions | — | (0.38 | ) | (1.04 | ) | (0.05 | ) | (0.04 | ) | (0.18 | ) | |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 9.05 | $ | 9.67 | $ | 10.77 | $ | 11.24 | $ | 10.03 | $ | 8.11 | ||||||||||||
Total return(C) | (6.41 | )%(D) | (6.57 | )% | 5.12 | % | 12.61 | % | 24.41 | % | (41.77 | )% | ||||||||||||
Net assets end of period/year (000’s) | $ | 124,658 | $ | 150,493 | $ | 177,843 | $ | 146,976 | $ | 121,342 | $ | 87,252 | ||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 0.74 | %(E) | 0.71 | % | 0.71 | % | 0.86 | % | 0.89 | % | 0.86 | % | ||||||||||||
Before reimbursement/waiver or recapture | 0.74 | %(E) | 0.71 | % | 0.71 | % | 0.86 | % | 0.89 | % | 0.86 | % | ||||||||||||
Net investment income (loss) to average net assets | (0.61 | )%(E) | (0.62 | )% | (0.60 | )% | 0.38 | % | 0.63 | % | 0.21 | % | ||||||||||||
Portfolio turnover rate | — | %(D) | — | % | — | % | 112 | %(F) | 5 | % | 4 | % |
(A) | Calculated based on average number of shares outstanding. |
(B) | Rounds to less than $0.01 or $(0.01). |
(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) | Increase in portfolio turnover was triggered by a change in the fund’s objectives. |
Note: Prior to November 1, 2009, the financial highlights were audited by another independent registered public accounting firm. |
For a share outstanding throughout each period | Transamerica Global Allocation | |||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 11.04 | $ | 10.99 | $ | 10.91 | $ | 9.99 | $ | 9.32 | $ | 13.23 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(A) | 0.07 | 0.17 | 0.22 | 0.20 | 0.19 | 0.27 | ||||||||||||||||||
Net realized and unrealized gain (loss) | 0.86 | 0.33 | 0.03 | 0.93 | 1.55 | (3.25 | ) | |||||||||||||||||
Total from investment operations | 0.93 | 0.50 | 0.25 | 1.13 | 1.74 | (2.98 | ) | |||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.20 | ) | (0.27 | ) | (0.17 | ) | (0.21 | ) | (0.55 | ) | (0.35 | ) | ||||||||||||
Net realized gains on investments | (0.35 | ) | (0.18 | ) | — | — | (0.52 | ) | (0.58 | ) | ||||||||||||||
Total distributions | (0.55 | ) | (0.45 | ) | (0.17 | ) | (0.21 | ) | (1.07 | ) | (0.93 | ) | ||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 11.42 | $ | 11.04 | $ | 10.99 | $ | 10.91 | $ | 9.99 | $ | 9.32 | ||||||||||||
Total return(B) | 8.81 | %(C) | 4.91 | % | 2.28 | % | 11.40 | % | 20.57 | % | (24.23 | )% | ||||||||||||
Net assets end of period/year (000’s) | $ | 343,939 | $ | 314,705 | $ | 422,226 | $ | 497,305 | $ | 448,979 | $ | 377,781 | ||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 1.00 | %(D) | 0.96 | % | 0.91 | % | 0.87 | % | 0.90 | % | 0.88 | % | ||||||||||||
Before reimbursement/waiver or recapture | 1.00 | %(D) | 0.96 | % | 0.91 | % | 0.87 | % | 0.90 | % | 0.88 | % | ||||||||||||
Net investment income to average net assets | 1.29 | %(D) | 1.58 | % | 1.98 | % | 1.96 | % | 2.08 | % | 2.25 | % | ||||||||||||
Portfolio turnover rate | 23 | %(C) | 38 | % | 41 | % | 51 | % | 43 | % | 49 | % |
(A) | Calculated based on average number of shares outstanding. |
(B) | Total return has been calculated for the applicable period without deduction of a sales load, if any, on an initial purchase. |
(C) | Not annualized. |
(D) | Annualized. |
Note: Prior to November 1, 2009, 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 2013 |
Page 173
FINANCIAL HIGHLIGHTS (continued)
For the period or years ended:
For a share outstanding throughout each period | Transamerica Global Macro | |||||||||||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 5.77 | $ | 5.82 | $ | 6.12 | $ | 6.08 | $ | 8.60 | $ | 9.83 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income (loss)(A) | (0.04 | ) | (0.08 | ) | (0.09 | ) | (0.10 | ) | 0.02 | 0.18 | ||||||||||||||
Net realized and unrealized gain (loss) | 0.02 | 0.03 | (0.21 | ) | 0.14 | (0.04 | ) | (1.30 | ) | |||||||||||||||
Total from investment operations | (0.02 | ) | (0.05 | ) | (0.30 | ) | 0.04 | (0.02 | ) | (1.12 | ) | |||||||||||||
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 | $ | 5.77 | $ | 5.82 | $ | 6.12 | $ | 6.08 | $ | 8.60 | ||||||||||||
Total return(B) | (0.35 | )%(C) | (0.86 | )% | (4.90 | )% | 0.66 | % | 5.34 | % | (11.55 | )% | ||||||||||||
Net assets end of period/year (000’s) | $ | 95,115 | $ | 112,261 | $ | 137,551 | $ | 126,142 | $ | 107,017 | $ | 165,567 | ||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/waiver or recapture | 1.50 | %(D) | 1.46 | % | 1.53 | % | 1.61 | % | 1.58 | % | 1.51 | % | ||||||||||||
Before reimbursement/waiver or recapture | 1.50 | %(D) | 1.46 | % | 1.53 | % | 1.61 | % | 1.58 | % | 1.51 | % | ||||||||||||
Net investment income (loss) to average net assets | (1.41 | )%(D) | (1.41 | )% | (1.49 | )% | (1.56 | )% | 0.32 | % | 1.81 | % | ||||||||||||
Portfolio turnover rate | — | %(C) | — | % | — | % | — | % | 358 | % | 84 | % |
(A) | Calculated based on average number of shares outstanding. |
(B) | Total return has been calculated for the applicable period without deduction of a sales load, if any, on an initial purchase. |
(C) | Not annualized. |
(D) | Annualized. |
Note: Prior to November 1, 2009, the financial highlights were audited by another independent registered public accounting firm. |
For a share outstanding throughout each period | Transamerica Managed Futures Strategy | |||||||||||||||
April 30, 2013 (unaudited) | October 31, 2012 | October 31, 2011 | October 31, 2010(A) | |||||||||||||
Net asset value | ||||||||||||||||
Beginning of period/year | $ | 9.36 | $ | 9.34 | $ | 10.16 | $ | 10.00 | ||||||||
Investment operations | ||||||||||||||||
Net investment loss(B) | (0.06 | ) | (0.13 | ) | (0.12 | ) | (0.01 | ) | ||||||||
Net realized and unrealized gain (loss) | 1.24 | 0.16 | (0.53 | ) | 0.17 | |||||||||||
Total from investment operations | 1.18 | 0.03 | (0.65 | ) | 0.16 | |||||||||||
Distributions | ||||||||||||||||
Net investment income | — | — | (C) | (0.10 | ) | — | ||||||||||
Net realized gains on investments | — | (0.01 | ) | (0.07 | ) | — | ||||||||||
Total distributions | — | (0.01 | ) | (0.17 | ) | — | ||||||||||
Net asset value | ||||||||||||||||
End of period/year | $ | 10.54 | $ | 9.36 | $ | 9.34 | $ | 10.16 | ||||||||
Total return(D) | 12.61 | %(E) | 0.31 | % | (6.52 | )% | 1.60 | %(E) | ||||||||
Net assets end of period/year (000’s) | $ | 362,435 | $ | 302,123 | $ | 262,409 | $ | 257,887 | ||||||||
Ratio and supplemental data | ||||||||||||||||
Expenses to average net assets | ||||||||||||||||
After reimbursement/waiver or recapture | 1.32 | %(F)(G) | 1.37 | % | 1.31 | % | 1.38 | %(G) | ||||||||
Before reimbursement/waiver or recapture | 1.32 | %(F)(G) | 1.37 | % | 1.31 | % | 1.38 | %(G) | ||||||||
Net investment loss to average net assets | (1.31 | )%(F)(G) | (1.35 | )% | (1.21 | )% | (1.22 | )%(G) | ||||||||
Portfolio turnover rate | — | %(E) | — | % | — | % | — | %(E) |
(A) | Commenced operations September 30, 2010. |
(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) | Includes interest (representing 0.01% of average net assets.) |
(G) | Annualized. |
The notes to the financial statements are an integral part of this report.
Transamerica Funds | Semi-Annual Report 2013 |
Page 174
NOTES TO FINANCIAL STATEMENTS
At April 30, 2013
(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 Arbitrage Strategy, Transamerica Bond, Transamerica Core Bond, Transamerica Developing Markets Equity, Transamerica Global Real Estate Securities, Transamerica Growth, Transamerica International, Transamerica International Equity Opportunities, Transamerica International Small Cap, Transamerica International Value Opportunities, Transamerica Long/Short Strategy, Transamerica Mid Cap Value, Transamerica Real Return TIPS, Transamerica Select Equity, Transamerica Total Return, Transamerica Value, Transamerica Commodity Strategy, Transamerica Global Allocation, Transamerica Global Macro, and Transamerica Managed Futures Strategy, (each, a “Fund” and collectively, the “Funds”) are series of the Trust.
Transamerica Global Macro, Transamerica Global Real Estate Securities, Transamerica Real Return TIPS, Transamerica Value, Transamerica Commodity Strategy, and Transamerica Managed Futures Strategy are “non-diversified” funds, as defined under the 1940 Act.
This report should be read in conjunction with the Funds’ current prospectus, which contains additional 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.
Securities lending: Securities are lent to qualified financial institutions and brokers. The lending of 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. The lending agent has agreed to indemnify the Funds in the case of default of any securities borrower.
Cash collateral received is invested in the State Street Navigator Securities Lending Trust-Prime Portfolio (“Navigator”), a money market mutual fund registered under the 1940 Act. The Transamerica Asset Management family of mutual funds is a significant shareholder of the Navigator as of April 30, 2013. No individual fund has a significant holding in the Navigator.
By lending securities, a Fund seeks to increase its net investment income through the receipt of interest and fees.
Such income is reflected separately in the Statements of Operations or Consolidated Statements of Operations. Income from loaned securities in the Statements of Operations or Consolidated Statements of Operations is net of fees and rebates earned by the lending agent for its services. The value of loaned securities and related collateral outstanding at April 30, 2013 are shown in the Schedules of Investments and Statements of Assets and Liabilities, or in the Consolidated Schedules of Investments and Consolidated Statements of Assets and Liabilities.
Repurchase agreements: Securities purchased subject to a repurchase agreement are held at the Funds’ custodian, or designated sub-custodian related to tri-party repurchase agreements, and, pursuant to the terms of the repurchase agreement, 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 rates in effect when the investment was acquired. Each Funds 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
Transamerica Funds | Semi-Annual Report 2013 |
Page 175
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2013
(unaudited)
NOTE 1. (continued)
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 taxes: The Funds may be subjected to taxes imposed by the countries in which they invest, with respect to their investments in issuers existing or operating in such countries. The Funds may also 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 when the related income or capital gains are earned, and based upon the current interpretation of tax rules and regulations that exist in the markets in which the Funds invest. 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 of 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, 2013 are listed in the Schedules of Investments or Consolidated Schedules of Investments.
Option 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. Funds purchase or write put and call options on U.S. securities, indices, futures, swaps (“swaptions”), commodities, and currency transactions. 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. Options are marked-to-market daily to reflect the current value of the option. 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.
Purchased options: 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 or Consolidated Statements of Assets and Liabilities as an investment and subsequently marked-to-market to reflect the current value of the option. The risk associated with purchasing put and call options is limited to the premium paid. Premiums paid from options which expire are treated as realized losses. Premiums paid for purchasing options which are exercised or closed are added to the amounts paid or offset against the proceeds on the underlying U.S. security, index, future, swaption, commodity, or currency transaction to determine the realized gain or loss.
Written options: Writing call options tends to decrease exposure to the underlying investment. Writing put options tends to increase exposure to the underlying investment. When a Fund writes a covered call or put option, the premium received is recorded as a liability in the Statements of Assets and Liabilities or Consolidated Statements of Assets and Liabilities and is subsequently marked-to-market to reflect the current market value of the option written. Premiums received from written options which expire unexercised 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 U.S. security, index, future, swaption, commodity, or currency transaction to determine the realized gain or loss. In writing an option, a Fund bears the market risk of an unfavorable change in the price of the security or currency underlying the written option. Exercise of an option written by a Fund could result in the Fund selling or buying a security or currency at a price different from the current market value.
Inflation-capped options: A Fund purchases or writes inflation-capped options to enhance returns or for hedging opportunities. The purpose of purchasing inflation-capped options is to protect a Fund 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.
The underlying face amounts of open option and swaption contracts at April 30, 2013 are listed in the Schedules of Investments or Consolidated Schedules of Investments.
Transamerica Funds | Semi-Annual Report 2013 |
Page 176
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2013
(unaudited)
NOTE 1. (continued)
Transactions in written options were as follows:
Transamerica Arbitrage Strategy | Premiums | Contracts | ||||||
Balance at October 31, 2012 | $ | 152,320 | 4,663 | |||||
Sales | 883,215 | 21,872 | ||||||
Closing Buys | (530,376 | ) | (8,526 | ) | ||||
Expirations | (319,544 | ) | (12,775 | ) | ||||
Exercised | (13,050 | ) | (455 | ) | ||||
|
|
|
| |||||
Balance at April 30, 2013 | $ | 172,565 | 4,779 |
Transamerica Global Allocation | Premiums | Contracts | ||||||
Balance at October 31, 2012 | $ | 818,043 | 39,091 | |||||
Sales | 813,033 | 101,601 | ||||||
Closing Buys | (776,834 | ) | (75,599 | ) | ||||
Expirations | (298,542 | ) | (42,276 | ) | ||||
Exercised | (162,950 | ) | (1,346 | ) | ||||
|
|
|
| |||||
Balance at April 30, 2013 | $ | 392,750 | 21,471 |
Transamerica Global Macro | Premiums | Contracts | ||||||
Balance at October 31, 2012 | $ | 1,259,948 | 3,419 | |||||
Sales | 7,556,777 | 25,669 | ||||||
Closing Buys | (5,551,374 | ) | (12,508 | ) | ||||
Expirations | (3,265,351 | ) | (16,580 | ) | ||||
|
|
|
| |||||
Balance at April 30, 2013 | $ | — | — |
Transactions in written swaptions, inflation floor options and foreign exchange options were as follows:
Transamerica Real Return TIPS | Premiums | Notional Amount | ||||||
Balance at October 31, 2012 | $ | 1,659,096 | $ | 240,000,000 | ||||
Sales | 873,299 | 232,220,000 | ||||||
Closing Buys | (246,993 | ) | (25,310,000 | ) | ||||
Expirations | (1,086,842 | ) | (253,800,000 | ) | ||||
Exercised | (286,988 | ) | (42,610,000 | ) | ||||
|
|
|
| |||||
Balance at April 30, 2013 | $ | 911,572 | $ | 150,500,000 |
Transamerica Real Return TIPS | Premiums | Notional Amount | ||||||
Balance at October 31, 2012 | $ | 31,356 | EUR | 5,900,000 | ||||
Sales | 119,310 | 38,000,000 | ||||||
Closing Buys | — | — | ||||||
Expirations | (40,634 | ) | (12,500,000 | ) | ||||
Exercised | — | — | ||||||
|
|
|
| |||||
Balance at April 30, 2013 | $ | 110,032 | EUR | 31,400,000 |
Transamerica Total Return | Premiums | Notional Amount | ||||||
Balance at October 31, 2012 | $ | 1,301,145 | $ | 79,200,000 | ||||
Sales | 339,640 | 140,400,000 | ||||||
Closing Buys | — | — | ||||||
Expirations | (789,895 | ) | (87,500,000 | ) | ||||
Exercised | (187,200 | ) | (29,100,000 | ) | ||||
|
|
|
| |||||
Balance at April 30, 2013 | $ | 663,690 | $ | 103,000,000 |
Transamerica Funds | Semi-Annual Report 2013 |
Page 177
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2013
(unaudited)
NOTE 1. (continued)
Transamerica Total Return | Premiums | Notional Amount | ||||||
Balance at October 31, 2012 | $ | — | EUR | — | ||||
Sales | 129,294 | 33,600,000 | ||||||
Closing Buys | — | — | ||||||
Expirations | (12,451 | ) | (8,900,000 | ) | ||||
Exercised | — | — | ||||||
|
|
|
| |||||
Balance at April 30, 2013 | $ | 116,843 | EUR | 24,700,000 |
Transamerica Global Allocation | Premiums | Notional Amount | ||||||
Balance at October 31, 2012 | $ | 49,692 | EUR | 2,952,000 | ||||
Sales | — | — | ||||||
Closing Buys | — | — | ||||||
Expirations | — | — | ||||||
Exercised | — | — | ||||||
|
|
|
| |||||
Balance at April 30, 2013 | $ | 49,692 | EUR | 2,952,000 |
Futures contracts: The Funds are subject to equity and commodity price risks, interest rate risk, and foreign currency exchange rate risk in the normal course of pursuing their investment objectives. The Funds use futures contracts to gain exposure to, or hedge against, changes in the value of equities and commodities, 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 in 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 contract, 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 equity and commodity prices, interest rates, or exchange rates 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, 2013 are listed in the Schedules of Investments or Consolidated Schedules of Investments. The variation margin receivable or payable, as applicable, is included in the Statements of Assets and Liabilities or Consolidated Statements of Assets and Liabilities.
Swap agreements: Swap agreements are bilaterally negotiated agreements between a Fund and a counterparty to exchange or swap investments, cash flows, assets, foreign currencies, or market-linked returns at specified, future intervals. Swap agreements are privately negotiated in the over-the-counter (“OTC”) market and may be executed in multilateral or other trade facility platforms, such as a registered exchange (“centrally cleared swaps”). The 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, and commodity risks. In connection with these agreements, securities or cash may be identified as collateral or margin 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, which may include a registered exchange, or quotations from market makers to the extent available and the change in value, if any, is recorded as an unrealized gain or loss in the Statements of Assets and Liabilities or Consolidated Statements of Assets and Liabilities.
Payments received or made at the beginning of the measurement period are reflected as such in the Statements of Assets and Liabilities or Consolidated Statements of Assets and Liabilities and represent payments made or received upon entering into the swap agreements 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 in the Statements of Operations or Consolidated 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 in the Statements of Operations or Consolidated Statements of Operations. Net periodic payments received or paid by the Funds are included as part of realized gains or losses in the Statements of Operations or Consolidated Statements of Operations.
Transamerica Funds | Semi-Annual Report 2013 |
Page 178
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2013
(unaudited)
NOTE 1. (continued)
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.
Certain Funds sell credit default swaps, which exposes 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 are disclosed in the Schedules of Investments or Consolidated 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 or Consolidated 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. Because a Fund holds fixed rate bonds, the value of these bonds may decrease if interest rates rise. To help hedge against this risk, the Funds enter into interest rate swap agreements. Interest rate swaps are agreements between two parties to exchange cash flows based on a notional principal amount. Funds with interest rate 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.
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 the 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, subjecting 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 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, or bond, and in return receives a regular stream of payments.
Cross-currency swap agreements: The Funds are subject to foreign currency exchange rate risk in the normal course of pursuing their investment objectives. The Funds enter into cross-currency swap agreements to gain or reduce exposure to foreign currencies or to hedge against foreign currency exchange rate and/or interest rate risk. Cross-currency swap agreements 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 swap agreements 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, 2013 are listed in the Schedules of Investments or Consolidated Schedules of Investments.
Transamerica Funds | Semi-Annual Report 2013 |
Page 179
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2013
(unaudited)
NOTE 1. (continued)
Cash overdraft: Throughout the period, the Funds may have cash overdraft balances. A fee is incurred on these overdrafts, calculated by multiplying the overdraft by a rate based on the federal funds rate. Payables, if any, are reflected as Due to Custodian in the Statements of Assets and Liabilities or Consolidated Statements of Assets and Liabilities. Expenses from cash overdrafts are included in Other in the Statements of Operations or Consolidated Statements of Operations.
Reverse repurchase agreements: The Funds may 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 or Consolidated Schedules of Investments and are reflected as a liability in the Statements of Assets and Liabilities or Consolidated Statements of Assets and Liabilities.
Transamerica Real Return TIPS entered into reverse repurchase agreements during the period ended April 30, 2013. The average reverse repurchase agreement for the period was approximately $25,073,185, with an average interest rate of 0.22%.
The open reverse repurchase agreements at April 30, 2013 are listed in the Schedules of Investments or Consolidated Schedules of Investments.
Dollar Rolls: The Funds may enter into dollar roll transactions. The Funds account for dollar roll transactions as borrowing transactions and realize gains and losses on these transactions at the end of the roll period. Dollar roll transactions involve sales by the Funds of securities and simultaneously contracts to repurchase substantially similar securities (same type and interest rate) on a specified future date.
The Funds forgo principal and interest paid during the roll period on the securities sold in a dollar roll transaction. The Funds are compensated by the difference between the current sales price and the price for the future purchase (often referred to as the “drop”), as well as by any interest earned on the proceeds of the securities sold. Dollar roll transactions may be renewed with a new sale and a repurchase price and a cash settlement made at each renewal without physical delivery of the securities subject to the contract. Dollar roll transactions expose the Funds to risks such as the following: (i) the buyer under the agreement may file for bankruptcy, become insolvent, or otherwise default on its obligations to the Funds; (ii) the market value of the securities the Funds are obligated to repurchase under the agreement may decline below the repurchase price.
Dollar roll transactions accounted for as borrowing transactions are excluded from the Funds’ turnover rates. The Funds recognize drop fee income on a straight line basis over the period of the roll. For the period ended April 30, 2013, Transamerica Real Return TIPS and Transamerica Total Return earned drop fee income of $449,842 and $2,001, respectively. The drop fee income is included in Interest income in the Statements of Operations.
The outstanding payable for securities to be repurchased is included in payable for funds borrowed in the Statements of Assets and Liabilities. The average borrowing for dollar roll transactions during the six months ended April 30, 2013, for Transamerica Real Return TIPS and Transamerica Total Return was approximately $86,877,078 and $318,549, respectively, with an average interest rate of 0.27% and 0.10%, respectively. The interest expense is included in Interest in the Statements of Operations.
Open Dollar roll transactions at April 30, 2013 are included in the Schedules of Investments.
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 Fund 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 bears 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 or Consolidated Statements of Operations.
Transamerica Funds | Semi-Annual Report 2013 |
Page 180
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2013
(unaudited)
NOTE 1. (continued)
Loan participations and assignments: The Funds may invest in direct debt instruments which are interests in amounts owed to lenders or lending syndicates by corporate, governmental, or other borrowers, either in the form of participations at the time the loan is originated (“Participations”) or buying an interest in the loan in the secondary market from a financial institution or institutional investor (“Assignments”). Participations and 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 and 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. The Funds that participate in such syndications, or that 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 the Funds have direct recourse against the corporate borrowers under the terms of the loans or other indebtedness, 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, 2013.
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. Investment in structured notes involves the credit risk of the issuer and the normal risks of price changes in response to changes in interest rates. Structured notes may be less liquid than other types of securities and more volatile than their underlying reference instruments. All structured notes are listed within the Schedules of Investments or Consolidated Schedules of Investments.
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 purchase or sold in the Statements of Assets and Liabilities or Consolidated Statements of Assets and Liabilities.
When-Issued, forward delivery securities and Delayed Delivery Settlements: The Funds may purchase or sell securities on a when-issued, forward (delayed) delivery basis or delayed settlement. When-issued and forward delivery transactions are made conditionally because a security, although authorized, has not yet been issued in the market. Settlement of such transactions normally occurs within a month or more after the purchase or sale commitment is made. The Funds engage in when-issued transactions to obtain an advantageous price and yield at the time of the transaction. The Funds engage in when-issued and forward delivery transactions for the purpose of acquiring securities, but may enter into a separate agreement to sell the securities before the settlement date. Since the value of securities purchased may fluctuate prior to settlement, the Fund may be required to pay more at settlement than the security is worth. In addition, the Funds are not entitled to any of the interest earned prior to settlement.
Delayed Delivery transactions involve a commitment by the Funds to purchase or sell securities for a predetermined price or yield, with payment and delivery taking place beyond the customary settlement period. When delayed-delivery transactions are outstanding, the Funds will segregate with its custodian either cash, U.S. Government securities, or other liquid assets at least equal to the value or purchase commitments until payment is made. When purchasing a security on a delayed delivery basis, the Funds assume the rights and risks of ownership of the security, including the risk of price and yield fluctuations. These transactions also involve a risk to the Funds if the other party to the transaction defaults on its obligation to make payment or delivery, and the Funds are delayed or prevented from completing the transaction. The Funds may dispose of or renegotiate a delayed delivery transaction after it is entered into, which may result in a realized gain or loss. When the Funds sell a security on a delayed delivery basis, the Funds do not participate in future gains and losses on the security.
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 in the Statements of Operations or Consolidated Statements of Operations with a corresponding adjustment to cost.
Transamerica Funds | Semi-Annual Report 2013 |
Page 181
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2013
(unaudited)
NOTE 1. (continued)
Restricted and illiquid securities: The Funds may invest in unregulated or restricted 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, 2013 are listed in the Schedules of Investments or Consolidated Schedules of Investments.
Commission recapture: The sub-adviser, to the extent consistent with the best execution and usual commission rate policies and practices, has 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, 2013, are included in net realized gain (loss) in the Statements of Operations and are summarized as follows:
Fund Name | Commissions | |||
Transamerica Global Real Estate Securities | $ | 9,108 | ||
Transamerica Growth | 20,657 | |||
Transamerica International | 967 | |||
Transamerica International Value Opportunities | 1,131 | |||
Transamerica Mid Cap Value | 2,685 | |||
Transamerica Select Equity | 79,088 | |||
Transamerica Value | 10,400 |
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, 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.
Real estate investment trust (“REITs”): Dividend income related to a Real Estate Investment Trust is recorded at management’s estimate of the income included in 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.
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.
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.
Statement of Cash Flows: GAAP requires entities providing financial statements that report both a financial position and results of operations to also provide a statement of cash flows for each period for which results of operations are provided, but exempts investment companies meeting certain conditions. One of the conditions is that the enterprise had little or no debt, based on the average debt outstanding during the period, in relation to average total assets. Funds with certain degrees of borrowing activity, typically through the use of reverse repurchase agreements, and sale-buyback financing transactions, have been determined to be at a level requiring a Statement of Cash Flows. A statement of Cash Flows has been prepared for Transamerica Real Return TIPS using the indirect method which requires net increase in net assets resulting from operations to be adjusted to reconcile to net cash flows from operating activities.
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
Transamerica Funds | Semi-Annual Report 2013 |
Page 182
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2013
(unaudited)
NOTE 2. (continued)
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”) internal valuation committee’s (the “Valuation Committee”) 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-adviser, 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 Funds’ Board of Trustees has delegated the valuation functions on a day-to-day basis to TAM, subject to board oversight. TAM has formed the Valuation Committee to monitor and implement the fair valuation policies and procedures as approved by the Board of Trustees. These policies and procedures are reviewed at least annually by the Board of Trustees. The Valuation Committee, among other tasks, monitors for when market quotations are not readily available or are unreliable and determines in good faith the fair value of portfolio investments. For instances in 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. The Valuation Committee may employ a market-based approach which may use related or comparable assets or liabilities, recent transactions, market multiples, book values, and other relevant information for the security to determine the fair value of the security. An income-based valuation approach may also be used in which the anticipated future cash flows of the security are discounted to calculate fair value. Discounts may also be applied due to the nature or duration of any restrictions on the disposition of the securities. When the Funds use fair value 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 Valuation Committee reviews fair value measurements on a regular and ad hoc basis and may, as deemed appropriate, update the security valuations as well as the fair valuation guidelines.
The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, but not limited to, the type of security, whether the security is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the security. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is generally greatest for instruments categorized in Level 3. Due to the inherent uncertainty of valuation, the Valuation Committee’s determination of values may differ significantly from values that would have been realized had a ready market for investments existed, and the differences could be material. The Valuation Committee employs various methods for calibrating these valuation approaches including a regular review of valuation methodologies, key inputs and assumptions, transactional back-testing, and reviews of any market related activity.
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.
For assets and liabilities using significant unobservable inputs (Level 3), GAAP requires a reconciliation of the beginning to the ending balances for reported market values that presents changes attributed to total realized and unrealized gains or losses, purchases and sales, and transfers in or 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 or Consolidated Schedule of Investments.
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 companies: Investment companies are valued at the net asset value (“NAV”) of the underlying fund. These securities are actively traded and no valuation adjustments are applied. Exchange Traded Funds are stated at the last reported sale price or closing price on the day of valuation taken from the primary exchange where the security is principally traded. They are categorized in Level 1
Transamerica Funds | Semi-Annual Report 2013 |
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NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2013
(unaudited)
NOTE 2. (continued)
of the fair value hierarchy. Investments in privately held investment funds with significant restrictions on redemptions where the inputs of NAVs are unobservable will be valued based upon the NAVs of such investments and are categorized as Level 3 of the fair value hierarchy.
Equity securities (common and preferred stocks): 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, reverse repurchase agreements, and other equities traded on inactive markets or valued by reference to similar instruments are also generally categorized in Level 2 or Level 3 if inputs are unobservable.
Securities lending collateral: Securities lending collateral is invested in a money market fund which is valued at the net asset value 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.
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; otherwise they would be categorized in Level 3.
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 or Level 3 if inputs are unobservable.
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 dealer quotations. Depending on market activity levels and whether quotations or other observable data are used, these securities are typically categorized in Level 2 of the fair value hierarchy; otherwise they would be categorized in Level 3.
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 the 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 observable 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, swaption, and
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NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2013
(unaudited)
NOTE 2. (continued)
option contracts related to interest rates, foreign currencies, credit standing of reference entities, equity prices, or commodity prices. Depending on the product and the terms of the transaction, the fair value of the OTC derivative products are modeled taking into account the counterparties’ creditworthiness and using a series of techniques, including simulation models. Many pricing models do not entail material subjectivity because the methodologies employed do not necessitate significant judgments and the pricing inputs are observed from actively quoted markets, as is the case of interest rate swap and option contracts. 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 or Level 3 if inputs are unobservable.
The hierarchy classification of inputs used to value the Funds’ investments at April 30, 2013, is disclosed in the Valuation Summary of each Fund’s Schedule of Investments or Consolidated 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.
The following schedule reflects the percentage of each Fund’s assets owned by affiliated investment companies at April 30, 2013:
Transamerica Arbitrage Strategy | Market Value | % of Net Assets | ||||||
Transamerica Asset Allocation – Conservative Portfolio | $ | 19,629,698 | 19.25 | % | ||||
Transamerica Asset Allocation – Growth Portfolio | 2,533,122 | 2.48 | ||||||
Transamerica Asset Allocation – Moderate Growth Portfolio | 26,199,596 | 25.69 | ||||||
Transamerica Asset Allocation – Moderate Portfolio | 33,483,758 | 32.83 | ||||||
Transamerica Multi-Manager Alternative Strategies Portfolio | 20,020,837 | 19.63 | ||||||
Total | $ | 101,867,011 | 99.88 | % |
Transamerica Bond | Market Value | % of Net Assets | ||||||
Transamerica Asset Allocation – Conservative Portfolio | $ | 71,482,446 | 8.80 | % | ||||
Transamerica Asset Allocation – Conservative VP | 56,821,255 | 7.00 | ||||||
Transamerica Asset Allocation – Moderate Growth Portfolio | 46,212,239 | 5.69 | ||||||
Transamerica Asset Allocation – Moderate Growth VP | 163,853,561 | 20.18 | ||||||
Transamerica Asset Allocation – Moderate Portfolio | 89,140,175 | 10.98 | ||||||
Transamerica Asset Allocation – Moderate VP | 197,122,011 | 24.28 | ||||||
Transamerica BlackRock Tactical Allocation VP | 83,676,583 | 10.30 | ||||||
Transamerica International Moderate Growth VP | 22,853,323 | 2.81 | ||||||
Transamerica Madison Balanced Allocation VP | 3,796,152 | 0.47 | ||||||
Transamerica Madison Conservative Allocation VP | 5,878,516 | 0.72 | ||||||
Transamerica Multi-Manager Alternative Strategies Portfolio | 64,796,321 | 7.98 | ||||||
Total | $ | 805,632,582 | 99.21 | % |
Transamerica Funds | Semi-Annual Report 2013 |
Page 185
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2013
(unaudited)
NOTE 3. (continued)
Transamerica Core Bond | Market Value | % of Net Assets | ||||||
Transamerica Asset Allocation – Conservative Portfolio | $ | 195,040,101 | 15.72 | % | ||||
Transamerica Asset Allocation – Conservative VP | 158,201,531 | 12.75 | ||||||
Transamerica Asset Allocation – Moderate Growth Portfolio | 110,425,608 | 8.90 | ||||||
Transamerica Asset Allocation – Moderate Growth VP | 257,731,427 | 20.77 | ||||||
Transamerica Asset Allocation – Moderate Portfolio | 152,604,580 | 12.30 | ||||||
Transamerica Asset Allocation – Moderate VP | 324,323,438 | 26.14 | ||||||
Transamerica International Moderate Growth VP | 6,136,780 | 0.49 | ||||||
Total | $ | 1,204,463,465 | 97.07 | % | ||||
Transamerica Developing Markets Equity | Market Value | % of Net Assets | ||||||
Transamerica Asset Allocation – Conservative Portfolio | $ | 15,118,180 | 2.87 | % | ||||
Transamerica Asset Allocation – Conservative VP | 15,404,660 | 2.92 | ||||||
Transamerica Asset Allocation – Growth Portfolio | 76,140,158 | 14.44 | ||||||
Transamerica Asset Allocation – Growth VP | 47,360,188 | 8.98 | ||||||
Transamerica Asset Allocation – Moderate Growth Portfolio | 93,920,531 | 17.81 | ||||||
Transamerica Asset Allocation – Moderate Growth VP | 141,268,592 | 26.78 | ||||||
Transamerica Asset Allocation – Moderate Portfolio | 39,694,221 | 7.53 | ||||||
Transamerica Asset Allocation – Moderate VP | 47,430,067 | 8.99 | ||||||
Transamerica International Moderate Growth VP | 5,841,885 | 1.11 | ||||||
Transamerica Multi-Manager Alternative Strategies Portfolio | 5,663,126 | 1.07 | ||||||
Transamerica Multi-Manager International Portfolio | 32,781,365 | 6.21 | ||||||
Total | $ | 520,622,973 | 98.71 | % |
Transamerica Global Real Estate Securities | Market Value | % of Net Assets | ||||||
Transamerica Asset Allocation – Conservative Portfolio | $ | 1,177,116 | 0.59 | % | ||||
Transamerica Asset Allocation – Growth Portfolio | 40,844,925 | 20.67 | ||||||
Transamerica Asset Allocation – Moderate Growth Portfolio | 63,040,166 | 31.91 | ||||||
Transamerica Asset Allocation – Moderate Portfolio | 17,715,886 | 8.97 | ||||||
Transamerica Multi-Manager Alternative Strategies Portfolio | 52,341,643 | 26.49 | ||||||
Transamerica Multi-Manager International Portfolio | 9,529,109 | 4.82 | ||||||
Total | $ | 184,648,845 | 93.45 | % | ||||
Transamerica Growth | Market Value | % of Net Assets | ||||||
Transamerica Asset Allocation – Conservative Portfolio | $ | 48,245,915 | 8.17 | % | ||||
Transamerica Asset Allocation – Growth Portfolio | 130,014,914 | 22.02 | ||||||
Transamerica Asset Allocation – Moderate Growth Portfolio | 239,443,755 | 40.54 | ||||||
Transamerica Asset Allocation – Moderate Portfolio | 155,199,292 | 26.28 | ||||||
Total | $ | 572,903,876 | 97.01 | % | ||||
Transamerica International | Market Value | % of Net Assets | ||||||
Transamerica Asset Allocation – Conservative Portfolio | $ | 7,702,422 | 2.21 | % | ||||
Transamerica Asset Allocation – Growth Portfolio | 36,355,043 | 10.42 | ||||||
Transamerica Asset Allocation – Growth VP | 23,302,621 | 6.68 | ||||||
Transamerica Asset Allocation – Moderate Growth Portfolio | 68,666,373 | 19.68 | ||||||
Transamerica Asset Allocation – Moderate Growth VP | 58,556,531 | 16.79 | ||||||
Transamerica Asset Allocation – Moderate Portfolio | 23,520,556 | 6.74 | ||||||
Transamerica Asset Allocation – Moderate VP | 26,037,927 | 7.46 | ||||||
Transamerica International Moderate Growth VP | 57,659,082 | 16.53 | ||||||
Transamerica Multi-Manager International Portfolio | 43,288,821 | 12.41 | ||||||
Total | $ | 345,089,376 | 98.92 | % |
Transamerica Funds | Semi-Annual Report 2013 |
Page 186
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2013
(unaudited)
NOTE 3. (continued)
Transamerica International Equity Opportunities | Market Value | % of Net Assets | ||||||
Transamerica Asset Allocation – Conservative Portfolio | $ | 6,394,947 | 2.75 | % | ||||
Transamerica Asset Allocation – Growth Portfolio | 9,676,831 | 4.17 | ||||||
Transamerica Asset Allocation – Growth VP | 10,612,366 | 4.57 | ||||||
Transamerica Asset Allocation – Moderate Growth Portfolio | 16,752,991 | 7.21 | ||||||
Transamerica Asset Allocation – Moderate Growth VP | 25,185,311 | 10.84 | ||||||
Transamerica Asset Allocation – Moderate Portfolio | 17,224,779 | 7.41 | ||||||
Transamerica Asset Allocation – Moderate VP | 46,732,961 | 20.11 | ||||||
Transamerica International Moderate Growth VP | 70,156,965 | 30.20 | ||||||
Transamerica Multi-Manager International Portfolio | 25,716,647 | 11.07 | ||||||
Total | $ | 228,453,798 | 98.33 | % | ||||
Transamerica International Small Cap | Market Value | % of Net Assets | ||||||
Transamerica Asset Allocation – Conservative Portfolio | $ | 5,502,567 | 1.45 | % | ||||
Transamerica Asset Allocation – Conservative VP | 4,116,349 | 1.08 | ||||||
Transamerica Asset Allocation – Growth Portfolio | 18,547,433 | 4.88 | ||||||
Transamerica Asset Allocation – Growth VP | 45,061,912 | 11.85 | ||||||
Transamerica Asset Allocation – Moderate Growth Portfolio | 29,538,499 | 7.77 | ||||||
Transamerica Asset Allocation – Moderate Growth VP | 98,094,624 | 25.79 | ||||||
Transamerica Asset Allocation – Moderate Portfolio | 15,488,984 | 4.07 | ||||||
Transamerica Asset Allocation – Moderate VP | 66,949,339 | 17.60 | ||||||
Transamerica International Moderate Growth VP | 61,017,699 | 16.05 | ||||||
Transamerica Multi-Manager Alternative Strategies Portfolio | 16,616,047 | 4.37 | ||||||
Transamerica Multi-Manager International Portfolio | 15,153,469 | 3.98 | ||||||
Total | $ | 376,086,922 | 98.89 | % |
Transamerica International Value Opportunities | Market Value | % of Net Assets | ||||||
Transamerica Asset Allocation – Conservative Portfolio | $ | 6,827,337 | 2.60 | % | ||||
Transamerica Asset Allocation – Growth Portfolio | 21,608,319 | 8.24 | ||||||
Transamerica Asset Allocation – Growth VP | 9,576,333 | 3.65 | ||||||
Transamerica Asset Allocation – Moderate Growth Portfolio | 37,822,886 | 14.42 | ||||||
Transamerica Asset Allocation – Moderate Growth VP | 50,972,591 | 19.43 | ||||||
Transamerica Asset Allocation – Moderate Portfolio | 17,673,148 | 6.74 | ||||||
Transamerica Asset Allocation – Moderate VP | 46,358,623 | 17.68 | ||||||
Transamerica International Moderate Growth VP | 34,242,648 | 13.06 | ||||||
Transamerica Madison Balanced Allocation VP | 953,364 | 0.36 | ||||||
Transamerica Multi-Manager International Portfolio | 32,182,672 | 12.27 | ||||||
Total | $ | 258,217,921 | 98.45 | % | ||||
Transamerica Long/Short Strategy | Market Value | % of Net Assets | ||||||
Transamerica Asset Allocation – Conservative Portfolio | $ | 10,159,394 | 8.57 | % | ||||
Transamerica Asset Allocation – Moderate Portfolio | 14,373,777 | 12.13 | ||||||
Transamerica Multi-Manager Alternative Strategies Portfolio | 93,949,701 | 79.26 | ||||||
Total | $ | 118,482,872 | 99.96 | % | ||||
Transamerica Mid Cap Value | Market Value | % of Net Assets | ||||||
Transamerica Asset Allocation – Conservative Portfolio | $ | 9,693,091 | 4.10 | % | ||||
Transamerica Asset Allocation – Growth Portfolio | 64,098,524 | 27.14 | ||||||
Transamerica Asset Allocation – Moderate Growth Portfolio | 108,478,590 | 45.92 | ||||||
Transamerica Asset Allocation – Moderate Portfolio | 49,500,246 | 20.96 | ||||||
Total | $ | 231,770,451 | 98.12 | % |
Transamerica Funds | Semi-Annual Report 2013 |
Page 187
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2013
(unaudited)
NOTE 3. (continued)
Transamerica Real Return TIPS | Market Value | % of Net Assets | ||||||
Transamerica Asset Allocation – Conservative Portfolio | $ | 66,556,041 | 10.89 | % | ||||
Transamerica Asset Allocation – Conservative VP | 56,941,008 | 9.32 | ||||||
Transamerica Asset Allocation – Moderate Growth Portfolio | 63,889,857 | 10.45 | ||||||
Transamerica Asset Allocation – Moderate Growth VP | 138,872,182 | 22.73 | ||||||
Transamerica Asset Allocation – Moderate Portfolio | 69,972,789 | 11.45 | ||||||
Transamerica Asset Allocation – Moderate VP | 183,782,754 | 30.08 | ||||||
Transamerica International Moderate Growth VP | 14,961,520 | 2.45 | ||||||
Total | $ | 594,976,151 | 97.37 | % | ||||
Transamerica Select Equity | Market Value | % of Net Assets | ||||||
Transamerica Asset Allocation – Conservative Portfolio | $ | 42,396,433 | 3.07 | % | ||||
Transamerica Asset Allocation – Conservative VP | 69,898,192 | 5.07 | ||||||
Transamerica Asset Allocation – Growth Portfolio | 155,329,176 | 11.27 | ||||||
Transamerica Asset Allocation – Growth VP | 99,739,788 | 7.23 | ||||||
Transamerica Asset Allocation – Moderate Growth Portfolio | 255,238,842 | 18.51 | ||||||
Transamerica Asset Allocation – Moderate Growth VP | 362,275,778 | 26.27 | ||||||
Transamerica Asset Allocation – Moderate Portfolio | 127,894,959 | 9.28 | ||||||
Transamerica Asset Allocation – Moderate VP | 204,632,693 | 14.84 | ||||||
Transamerica BlackRock Tactical Allocation VP | 43,243,383 | 3.14 | ||||||
Total | $ | 1,360,649,244 | 98.68 | % | ||||
Transamerica Total Return | Market Value | % of Net Assets | ||||||
Transamerica Asset Allocation – Conservative Portfolio | $ | 202,562,831 | 30.01 | % | ||||
Transamerica Asset Allocation – Moderate Growth Portfolio | 187,390,561 | 27.77 | ||||||
Transamerica Asset Allocation – Moderate Portfolio | 247,061,399 | 36.61 | ||||||
Total | $ | 637,014,791 | 94.39 | % |
Transamerica Value | Market Value | % of Net Assets | ||||||
Transamerica Asset Allocation – Conservative Portfolio | $ | 21,432,778 | 5.33 | % | ||||
Transamerica Asset Allocation – Growth Portfolio | 48,458,706 | 12.04 | ||||||
Transamerica Asset Allocation – Growth VP | 40,333,661 | 10.02 | ||||||
Transamerica Asset Allocation – Moderate Growth Portfolio | 87,569,817 | 21.75 | ||||||
Transamerica Asset Allocation – Moderate Growth VP | 100,734,260 | 25.02 | ||||||
Transamerica Asset Allocation – Moderate Portfolio | 42,402,278 | 10.53 | ||||||
Transamerica Asset Allocation – Moderate VP | 51,368,034 | 12.76 | ||||||
Transamerica International Moderate Growth VP | 6,922,122 | 1.72 | ||||||
Total | $ | 399,221,656 | 99.17 | % | ||||
Transamerica Commodity Strategy | Market Value | % of Net Assets | ||||||
Transamerica Asset Allocation – Conservative Portfolio | $ | 10,645,993 | 8.54 | % | ||||
Transamerica Asset Allocation – Growth Portfolio | 17,249,894 | 13.84 | ||||||
Transamerica Asset Allocation – Moderate Growth Portfolio | 47,427,334 | 38.05 | ||||||
Transamerica Asset Allocation – Moderate Portfolio | 27,323,907 | 21.92 | ||||||
Transamerica Multi-Manager Alternative Strategies Portfolio | 21,247,493 | 17.04 | ||||||
Total | $ | 123,894,621 | 99.39 | % | ||||
Transamerica Global Allocation | Market Value | % of Net Assets | ||||||
Transamerica Asset Allocation – Conservative Portfolio | $ | 22,650,012 | 6.58 | % | ||||
Transamerica Asset Allocation – Growth Portfolio | 11,027,313 | 3.21 | ||||||
Transamerica Asset Allocation – Moderate Growth Portfolio | 73,141,922 | 21.27 | ||||||
Transamerica Asset Allocation – Moderate Growth VP | 75,595,464 | 21.98 | ||||||
Transamerica Asset Allocation – Moderate Portfolio | 45,302,047 | 13.17 | ||||||
Transamerica Asset Allocation – Moderate VP | 39,409,077 | 11.46 | ||||||
Transamerica BlackRock Tactical Allocation VP | 73,538,943 | 21.38 | ||||||
Total | $ | 340,664,778 | 99.05 | % |
Transamerica Funds | Semi-Annual Report 2013 |
Page 188
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2013
(unaudited)
NOTE 3. (continued)
Transamerica Global Macro | Market Value | % of Net Assets | ||||||
Transamerica Asset Allocation – Conservative Portfolio | $ | 9,455,859 | 9.94 | % | ||||
Transamerica Asset Allocation – Growth VP | 10,299,329 | 10.83 | ||||||
Transamerica Asset Allocation – Moderate Portfolio | 12,552,565 | 13.20 | ||||||
Transamerica Multi-Manager Alternative Strategies Portfolio | 62,562,697 | 65.77 | ||||||
Total | $ | 94,870,450 | 99.74 | % |
Transamerica Managed Futures Strategy | Market Value | % of Net Assets | ||||||
Transamerica Asset Allocation – Conservative Portfolio | $ | 24,258,084 | 6.69 | % | ||||
Transamerica Asset Allocation – Growth Portfolio | 42,019,587 | 11.59 | ||||||
Transamerica Asset Allocation – Growth VP | 83,202,974 | 22.96 | ||||||
Transamerica Asset Allocation – Moderate Growth Portfolio | 91,745,925 | 25.31 | ||||||
Transamerica Asset Allocation – Moderate Portfolio | 44,795,686 | 12.36 | ||||||
Transamerica Multi-Manager Alternative Strategies Portfolio | 75,155,593 | 20.74 | ||||||
Total | $ | 361,177,849 | 99.65 | % |
Investment advisory fees: The Funds pay management fees to TAM based on average daily net assets (“ANA”) at the following rates and/or breakpoints:
Fund Name/Breakpoint | Rate | |
Transamerica Arbitrage Strategy | ||
First $50 million | 1.050% | |
Over $50 million | 1.000 | |
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 | 0.450% | |
Over $750 million up to $1 billion | 0.400 | |
Over $1 billion | 0.375 | |
Transamerica Developing Markets Equity | ||
First $50 million | 1.200% | |
Over $50 million up to $200 million | 1.150 | |
Over $200 million up to $500 million | 1.100 | |
Over $500 million | 1.050 | |
Transamerica Global Real Estate Securities | ||
First $250 million | 0.800% | |
Over $250 million up to $500 million | 0.775 | |
Over $500 million up to $1 billion | 0.700 | |
Over $1 billion | 0.650 | |
Transamerica Growth | ||
First $250 million | 0.800% | |
Over $250 million up to $500 million | 0.775 | |
Over $500 million up to $1 billion | 0.700 | |
Over $1 billion up to $1.5 billion | 0.675 | |
Over $1.5 billion | 0.650 | |
Transamerica International | ||
First $100 million | 1.000% | |
Over $100 million | 0.950 | |
Transamerica International Equity Opportunities | ||
Over $250 million | 0.900% | |
Over $250 million up to $500 million | 0.875 | |
Over $500 million up to $1 billion | 0.850 | |
Over $1 billion | 0.800 |
Fund Name/Breakpoint | Rate | |
Transamerica International Small Cap | ||
First $300 million | 1.070% | |
Over $300 million | 1.000 | |
Transamerica International Value Opportunities | ||
First $100 million | 1.100% | |
Over $100 million up to $300 million | 1.000 | |
Over $300 million | 0.950 | |
Transamerica Long/Short Strategy | ||
ANA | 1.300% | |
Transamerica Mid Cap Value | ||
First $100 million | 0.850% | |
Over $100 million | 0.800 | |
Transamerica Real Return TIPS | ||
First $250 million | 0.700% | |
Over $250 million up to $750 million | 0.650 | |
Over $750 million up to $1 billion | 0.600 | |
Over $1 billion | 0.550 | |
Transamerica Select Equity | ||
First $200 million | 0.800% | |
Over $200 million up to $500 million | 0.740 | |
Over $500 million up to $1 billion | 0.690 | |
Over $1 billion up to $1.5 billion | 0.670 | |
Over $1.5 billion | 0.620 | |
Transamerica Total Return | ||
First $250 million | 0.675% | |
Over $250 million up to $750 million | 0.650 | |
Over $750 million | 0.600 | |
Transamerica Value | ||
ANA | 0.800% | |
Transamerica Commodity Strategy | ||
First $200 million | 0.610% | |
Over $200 million up to $1 billion | 0.590 | |
Over $1 billion | 0.560 | |
Transamerica Global Allocation | ||
First $100 million | 0.800% | |
Over $100 million | 0.720 |
Transamerica Funds | Semi-Annual Report 2013 |
Page 189
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2013
(unaudited)
NOTE 3. (continued)
Fund Name/Breakpoint | Rate | |
Transamerica Global Macro (Effective April 30, 2013) | ||
First $300 million | 1.250% | |
Over $300 million up to $500 million | 1.175 | |
Over $500 million up to $600 million | 1.120 | |
Over $600 million | 1.050 | |
Transamerica Global Macro (Prior to April 30, 2013) | ||
First $300 million | 1.250% | |
Over $300 million | 1.200 |
Fund Name/Breakpoint | Rate | |
Transamerica Managed Futures Strategy | ||
First $500 million | 1.100% | |
Over $500 million | 1.050 |
TAM has contractually agreed to waive fees and/or reimburse Fund expenses to the extent that the 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 Name | Expense Limit | Maximum Operating Expense Limit Effective Through | ||||
Transamerica Arbitrage Strategy | 1.25 | % | March 1, 2014 | |||
Transamerica Bond | 0.88 | March 1, 2014 | ||||
Transamerica Core Bond | 0.70 | March 1, 2014 | ||||
Transamerica Developing Markets Equity | 1.45 | March 1, 2014 | ||||
Transamerica International | 1.25 | March 1, 2014 | ||||
Transamerica International Small Cap | 1.27 | March 1, 2014 | ||||
Transamerica International Value Opportunities | 1.35 | March 1, 2014 | ||||
Transamerica Long/Short Strategy | 1.65 | March 1, 2014 | ||||
Transamerica Mid Cap Value | 1.05 | March 1, 2014 | ||||
Transamerica Select Equity | 0.90 | March 1, 2014 | ||||
Transamerica Value | 1.00 | March 1, 2014 | ||||
Transamerica Commodity Strategy | 1.00 | March 1, 2014 | ||||
Transamerica Global Allocation | 1.00 | March 1, 2014 | ||||
Transamerica Global Macro | 1.65 | March 1, 2014 | ||||
Transamerica Managed Futures Strategy | 1.45 | March 1, 2014 |
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 reduced 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, 2013.
The following amounts were available for recapture by the adviser as of April 30, 2013:
Fund Name | Amount Available | Year Reimbursed | Available Through | |||||||||
Transamerica Arbitrage Strategy | $ | 61 | 2011 | 10/31/2013 | ||||||||
172 | 2012 | 10/31/2014 |
Administrative services: The Funds have entered into an agreement with TFS for financial and legal fund administration services. The Funds pay TFS an annual fee of 0.025% of ANA. The Legal fees on the Statements of Operations or in the Consolidated Statements of Operations are for fees paid to external legal counsel.
Transfer agent fees: Pursuant to a Transfer Agency Agreement, as amended, the Funds pay TFS a fee of 0.75bps for an open account for providing transfer agent services. Fees paid and the amounts due to TFS for the period ended April 30, 2013 are disclosed in the Statements of Operations and the Statements of Assets and Liabilities, respectively; or in the Consolidated Statements of Operations and the Consolidated Statements of Assets and Liabilities, respectively.
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), as elected by the Trustee.
Transamerica Funds | Semi-Annual Report 2013 |
Page 190
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2013
(unaudited)
NOTE 3. (continued)
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, 2013.
NOTE 4. INVESTMENT TRANSACTIONS
The cost of securities purchased and proceeds from securities sold (excluding short-term securities) for the period ended April 30, 2013 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 Arbitrage Strategy | $ | 276,594,394 | $ | — | $ | 241,430,672 | $ | — | ||||||||
Transamerica Bond | 59,381,777 | 92,569,369 | 37,151,043 | 98,032,847 | ||||||||||||
Transamerica Core Bond | 12,602,847 | 3,445,339 | 381,737,148 | 293,867,039 | ||||||||||||
Transamerica Developing Markets Equity | 259,503,700 | — | 93,546,022 | — | ||||||||||||
Transamerica Global Real Estate Securities | 51,805,244 | — | 43,025,646 | — | ||||||||||||
Transamerica Growth | 133,841,206 | — | 159,659,877 | — | ||||||||||||
Transamerica International | 75,943,456 | — | 71,453,333 | — | ||||||||||||
Transamerica International Equity Opportunities | 58,033,764 | — | 26,962,229 | — | ||||||||||||
Transamerica International Small Cap | 153,927,129 | — | 58,406,111 | — | ||||||||||||
Transamerica International Value Opportunities | 75,442,909 | — | 59,574,478 | — | ||||||||||||
Transamerica Long/Short Strategy | 148,757,570 | — | 127,290,543 | — | ||||||||||||
Transamerica Mid Cap Value | 20,189,863 | — | 28,643,707 | — | ||||||||||||
Transamerica Real Return TIPS | 22,737,282 | 94,219,979 | 133,391,290 | 772,899,832 | ||||||||||||
Transamerica Select Equity | 420,674,830 | — | 450,129,811 | — | ||||||||||||
Transamerica Total Return | 12,168,626 | 1,250,770,063 | 55,233,147 | 1,258,833,033 | ||||||||||||
Transamerica Value | 100,496,458 | — | 36,349,824 | — | ||||||||||||
Transamerica Commodity Strategy | — | — | — | — | ||||||||||||
Transamerica Global Allocation | 57,373,947 | 6,217,830 | 76,771,136 | 5,492,707 | ||||||||||||
Transamerica Global Macro | — | — | — | — | ||||||||||||
Transamerica Managed Futures Strategy | — | — | — | — |
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 swap contracts decreased
throughout the period from 11 to 7 contracts. The volume of forward foreign currency contracts and purchased options/swaptions contracts held throughout the period averaged 108 and 19 contracts, respectively, with overall decreases from 131 and 11 contracts, respectively, to 51 and 13 contracts, respectively. The volume of written options/swaptions contracts held during the period averaged 47 contracts, beginning and ending the period with an overall increase from 32 to 38 contracts. The tables below highlight the types of risks associated with the Fund and how the aforementioned derivative instruments are used to mitigate such risks:
Fair Values of Derivative Instruments in the Statement of Assets and Liabilities as of April 30, 2013:
Derivatives not accounted for as hedging instruments
Location | Foreign exchange contracts | Equity contracts | Total | |||||||||
Asset Derivatives | ||||||||||||
Purchased options, at value(A) | $ | — | $ | 180,011 | $ | 180,011 | ||||||
Unrealized appreciation on swap agreements | — | 155,667 | 155,667 | |||||||||
Unrealized appreciation on forward foreign currency contracts | 38,032 | — | 38,032 | |||||||||
Liability Derivatives | ||||||||||||
Written options, at value | — | (169,598 | ) | (169,598 | ) | |||||||
Unrealized depreciation on swap agreements | — | (134,769 | ) | (134,769 | ) | |||||||
Unrealized depreciation on forward foreign currency contracts | (149,342 | ) | — | (149,342 | ) | |||||||
Total | $ | (111,310 | ) | $ | 31,311 | $ | (79,999 | ) |
(A) | Included within Investment securities, at value. |
Transamerica Funds | Semi-Annual Report 2013 |
Page 191
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2013
(unaudited)
NOTE 5. (continued)
Transamerica Arbitrage Strategy (continued)
Effect of Derivative Instruments in the Statement of Operations for the period ended April 30, 2013:
Derivatives not accounted for as hedging instruments
Location | Foreign exchange contracts | Equity contracts | Total | |||||||||
Net Realized Gain (Loss) on derivatives recognized in income | ||||||||||||
Net realized loss on purchased options(B) | $ | — | $ | (355,286 | ) | $ | (355,286 | ) | ||||
Net realized gain on written option contracts | — | 270,008 | 270,008 | |||||||||
Net realized gain on swap agreements | — | 10,795 | 10,795 | |||||||||
Net realized gain on forward foreign currency contracts(C) | 753,568 | — | 753,568 | |||||||||
Net change in Unrealized Appreciation (Depreciation) on derivatives recognized in income | ||||||||||||
Net change in unrealized appreciation (depreciation) on purchased options(D) | — | (285,396 | ) | (285,396 | ) | |||||||
Net change in unrealized appreciation (depreciation) on written option contracts | — | 12,021 | 12,021 | |||||||||
Net change in unrealized appreciation (depreciation) on swap agreements | — | (9,823 | ) | (9,823 | ) | |||||||
Net change in unrealized appreciation (depreciation) on forward foreign currency transactions(E) | (604,580 | ) | — | (604,580 | ) | |||||||
Total | $ | 148,988 | $ | (357,681 | ) | $ | (208,693 | ) |
(B) | Included within Net realized gain (loss) on transactions from Investment securities. |
(C) | Included within Net realized gain (loss) on transactions from Foreign currency transactions. |
(D) | Included within Net change in unrealized appreciation (depreciation) on Investment securities. |
(E) | Included within Net change in unrealized appreciation (depreciation) on Translation of assets and liabilities denominated in foreign currencies. |
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.
International Small Cap
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 increased, starting with 0 contracts and increasing to 2 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 in the Statement of Assets and Liabilities as of April 30, 2013:
Derivatives not accounted for as hedging instruments
Location | Foreign exchange contracts | |||
Asset Derivatives | ||||
Unrealized appreciation on forward foreign currency contracts | $ | 375 | ||
Liability Derivatives | ||||
Unrealized depreciation on forward foreign currency contracts | (123 | ) | ||
Total | $ | 252 |
Transamerica Funds | Semi-Annual Report 2013 |
Page 192
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2013
(unaudited)
NOTE 5. (continued)
International Small Cap (continued)
Effect of Derivative Instruments in the Statement of Operations for the period ended April 30, 2013:
Derivatives not accounted for as hedging instruments
Location | Foreign exchange contracts | |||
Net change in Unrealized Appreciation (Depreciation) on derivatives recognized in income | ||||
Net change in unrealized appreciation (depreciation) on forward foreign currency transactions(A) | $ | 252 | ||
Total | $ | 252 |
(A) | Included within net increase (decrease) in unrealized appreciation (depreciation) on Translation of the assets and liabilities denominated in foreign currencies. |
For non-exchange traded derivatives (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 increased during the period, starting at 5 contracts and ending at 10 contracts. The tables below highlight the types of risks and the derivative instruments used to mitigate the risks:
Fair Values of Derivative Instruments in the Statement of Assets and Liabilities as of April 30, 2013:
Derivatives not accounted for as hedging instruments
Location | Foreign exchange contracts | |||
Asset Derivatives | ||||
Unrealized appreciation on forward foreign currency contracts | $ | 1,036,465 | ||
Liability Derivatives | ||||
Unrealized depreciation on forward foreign currency contracts | (569,889 | ) | ||
Total | $ | 466,576 |
Effect of Derivative Instruments in the Statement of Operations for the period ended April 30, 2013:
Derivatives not accounted for as hedging instruments
Location | Foreign exchange contracts | |||
Net Realized Gain (Loss) on derivatives recognized in income | ||||
Net realized gain on forward foreign currency contracts(A) | $ | 826,599 | ||
Net change in Unrealized Appreciation (Depreciation) on derivatives recognized in income | ||||
Net change in unrealized appreciation (depreciation) on forward foreign currency transactions(B) | 11,456 | |||
Total | $ | 838,055 |
(A) | Included within Net realized gain (loss) on transactions from Foreign currency transactions. |
(B) | Included within Net change in unrealized appreciation (depreciation) on Translation of assets and liabilities denominated in foreign currencies. |
Transamerica Funds | Semi-Annual Report 2013 |
Page 193
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2013
(unaudited)
NOTE 5. (continued)
Transamerica International Value Opportunities (continued)
For non-exchange traded derivatives (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 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 41, beginning and ending the period with 53 and 53 contracts, respectively. The volume of written swaptions contracts and swap contracts increased throughout the period, beginning the period with 16, and 20, respectively, and ending the period at 34, and 27, respectively. The volume of futures contracts held throughout the period stayed constant at 3 contracts. The volume of purchased options/swaptions 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 in the Statement of Assets and Liabilities as of April 30, 2013:
Derivatives not accounted for as hedging instruments
Location | Interest rate contracts | Foreign exchange contracts | Credit contracts | Total | ||||||||||||
Asset Derivatives | ||||||||||||||||
Purchased swaptions, at value(A) | $ | 54,884 | $ | 91,556 | $ | — | $ | 146,440 | ||||||||
Unrealized appreciation on futures contracts(B) | 335,872 | — | — | 335,872 | ||||||||||||
Premium paid on swap agreements | 1,739,342 | — | 63,848 | 1,803,190 | ||||||||||||
Unrealized appreciation on swap agreements | 846,894 | — | 39,585 | 886,479 | ||||||||||||
Unrealized appreciation on forward foreign currency contracts | — | 1,371,208 | — | 1,371,208 | ||||||||||||
Liability Derivatives | ||||||||||||||||
Written options and swaptions at value | (279,726 | ) | (85,745 | ) | — | (365,471 | ) | |||||||||
Unrealized depreciation on futures contracts(B) | (8,603 | ) | — | — | (8,603 | ) | ||||||||||
Premium received on swap agreements | (42,706 | ) | — | (68,484 | ) | (111,190 | ) | |||||||||
Unrealized depreciation on swap agreements | (1,200,914 | ) | — | (159,748 | ) | (1,360,662 | ) | |||||||||
Unrealized depreciation on forward foreign currency contracts | — | (2,152,576 | ) | — | (2,152,576 | ) | ||||||||||
Total | $ | 1,445,043 | $ | (775,557 | ) | $ | (124,799 | ) | $ | 544,687 |
(A) | Included within Investment securities, at value. |
(B) | 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 2013 |
Page 194
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2013
(unaudited)
NOTE 5. (continued)
Transamerica Real Return TIPS (continued)
Effect of Derivative Instruments in the Statement of Operations for the period ended April 30, 2013:
Derivatives not accounted for as hedging instruments
Location | Interest rate contracts | Foreign exchange contracts | Credit contracts | Total | ||||||||||||
Net Realized Gain (Loss) on derivatives recognized in income | ||||||||||||||||
Net realized loss on purchased swaptions(C) | $ | (75,950 | ) | $ | — | $ | — | $ | (75,950 | ) | ||||||
Net realized gain on futures contracts | 22,458 | — | — | 22,458 | ||||||||||||
Net realized gain on written option and swaption contracts | 727,008 | 82,292 | — | 809,300 | ||||||||||||
Net realized gain (loss) on swap agreements | 731,681 | — | (61,518 | ) | 670,163 | |||||||||||
Net realized gain on forward foreign currency contracts(D) | — | 1,363,179 | — | 1,363,179 | ||||||||||||
Net change in Unrealized Appreciation (Depreciation) on derivatives recognized in income | ||||||||||||||||
Net change in unrealized appreciation (depreciation) on purchased options(E) | (5,735 | ) | 21,216 | — | 15,481 | |||||||||||
Net change in unrealized appreciation (depreciation) on futures contracts | 254,149 | — | — | 254,149 | ||||||||||||
Net change in unrealized appreciation (depreciation) on written option and swaption contracts | 515,101 | 18,510 | — | 533,611 | ||||||||||||
Net change in unrealized appreciation (depreciation) on swap agreements | (611,354 | ) | — | 35,898 | (575,456 | ) | ||||||||||
Net change in unrealized appreciation (depreciation) on forward foreign currency transactions(F) | — | (492,538 | ) | — | (492,538 | ) | ||||||||||
Total | $ | 1,557,358 | $ | 992,659 | $ | (25,620 | ) | $ | 2,524,397 |
(C) | Included within Net realized gain (loss) on transactions from Investment securities. |
(D) | Included within Net realized gain (loss) on transactions from Foreign currency transactions. |
(E) | Included within Net change in unrealized appreciation (depreciation) on Investment securities. |
(F) | Included within Net change in unrealized appreciation (depreciation) on Translation of assets and liabilities denominated in foreign currencies. |
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 2013 |
Page 195
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2013
(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 and futures contracts held throughout the period increased, starting at 3 and 2, contracts, respectively, and ending at 19 and 3 contracts, respectively. The volume of forward foreign currency contracts held throughout the period decreased, starting at 48 contracts and ending at 34 contracts. The volume of purchased options/swaptions held throughout the period stayed constant 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 in the Statement of Assets and Liabilities as of April 30, 2013:
Derivatives not accounted for as hedging instruments
Location | Interest rate contracts | Foreign exchange contracts | Credit contracts | Total | ||||||||||||
Asset Derivatives | ||||||||||||||||
Purchased swaptions, at value(A) | $ | 357,063 | $ | — | $ | — | $ | 357,063 | ||||||||
Premium paid on swap agreements | 908,088 | — | 954,064 | 1,862,152 | ||||||||||||
Unrealized appreciation on swap agreements | 4,333,668 | — | 162,714 | 4,496,382 | ||||||||||||
Unrealized appreciation on forward foreign currency contracts | — | 989,909 | — | 989,909 | ||||||||||||
Liability Derivatives | ||||||||||||||||
Unrealized depreciation on futures contracts(B) | (238,735 | ) | — | — | (238,735 | ) | ||||||||||
Written options and swaptions, at value | 416,683 | — | — | 416,683 | ||||||||||||
Premium received on swap agreements | (432,319 | ) | — | (35,859 | ) | (468,178 | ) | |||||||||
Unrealized depreciation on swap agreements | (1,429,426 | ) | — | (4,490,081 | ) | (5,919,507 | ) | |||||||||
Unrealized depreciation on forward foreign currency contracts | — | (4,342,965 | ) | — | (4,342,965 | ) | ||||||||||
Total | $ | 3,498,339 | $ | (3,353,056 | ) | $ | (3,409,162 | ) | $ | (3,263,879 | ) |
(A) | Included within Investment securities, at value. |
(B) | 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 2013 |
Page 196
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2013
(unaudited)
NOTE 5. (continued)
Transamerica Total Return (continued)
Effect of Derivative Instruments in the Statement of Operations for the period ended April 30, 2013:
Derivatives not accounted for as hedging instruments
Location | Interest rate contracts | Foreign exchange contracts | Credit contracts | Total | ||||||||||||
Net Realized Gain (Loss) on derivatives recognized in income | ||||||||||||||||
Net realized gain on futures contracts | $ | 48,604 | $ | — | $ | — | $ | 48,604 | ||||||||
Net realized gain on written option and swaption contracts | 802,347 | — | — | 802,347 | ||||||||||||
Net realized gain (loss) on swap agreements | 3,541,594 | — | (1,087,018 | ) | 2,454,576 | |||||||||||
Net realized gain on forward foreign currency contracts(C) | — | 1,480,542 | — | 1,480,542 | ||||||||||||
Net change in Unrealized Appreciation (Depreciation) on derivatives recognized in income | ||||||||||||||||
Net change in unrealized appreciation (depreciation) on purchased swaptions(D) | (28,580 | ) | — | — | (28,580 | ) | ||||||||||
Net change in unrealized appreciation (depreciation) on futures contracts | (177,064 | ) | — | — | (177,064 | ) | ||||||||||
Net change in unrealized appreciation (depreciation) on written option and swaption contracts | 146,369 | — | — | 146,369 | ||||||||||||
Net change in unrealized appreciation (depreciation) on swap agreements | (3,621,499 | ) | — | (1,335,631 | ) | (4,957,130 | ) | |||||||||
Net change in unrealized appreciation (depreciation) on forward foreign currency transactions(E) | — | (2,427,262 | ) | — | (2,427,262 | ) | ||||||||||
Total | $ | 711,771 | $ | (946,720 | ) | $ | (2,422,649 | ) | $ | (2,657,598 | ) |
(C) | Included within Net realized gain (loss) on transactions from Foreign currency transactions. |
(D) | Included within Net change in unrealized appreciation (depreciation) on Investment securities. |
(E) | Included within Net change in unrealized appreciation (depreciation) on Translation of assets and liabilities denominated in foreign currencies. |
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 decreased from 5 to 3 contracts. The table below highlights the types of risks and the derivative instruments used to mitigate the risks:
Fair Values of Derivative Instruments in the Consolidated Statement of Assets and Liabilities as of April 30, 2013:
Derivatives not accounted for as hedging instruments
Location | Commodity contracts | |||
Liability Derivatives | ||||
Unrealized depreciation on swap agreements | (30,567 | ) |
Transamerica Funds | Semi-Annual Report 2013 |
Page 197
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2013
(unaudited)
NOTE 5. (continued)
Transamerica Commodity Strategy (continued)
Effect of Derivative Instruments in the Consolidated Statement of Operations for the period ended April 30, 2013:
Derivatives not accounted for as hedging instruments
Location | Commodity contracts | |||
Net Realized Gain (Loss) on derivatives recognized in income | ||||
Net realized loss on swap agreements | $ | (8,459,883 | ) | |
Net change in Unrealized Appreciation (Depreciation) on derivatives recognized in income | ||||
Net change in unrealized appreciation (depreciation) on swap agreements | (30,567 | ) | ||
Total | $ | (8,490,450 | ) |
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 swap contracts and forward foreign currency contracts held throughout the period averaged 12 and 56 contracts, respectively, with overall increases from 11 and 51 contracts, respectively, to 12 and 80 contracts, respectively. The volume of written options and purchased options/swaptions held throughout the period averaged 38 and 95 contracts, respectively, with decreases from 49 and 103 contracts at the beginning of the period to 28 and 90 contracts at the end of the period, respectively. The volume of futures contracts held throughout the period decreased from 7 contracts at the beginning of the period to 4 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 in the Consolidated Statement of Assets and Liabilities as of April 30, 2013:
Derivatives not accounted for as hedging instruments
Location | Interest rate contracts | Foreign exchange contracts | Credit contracts | Equity contracts | Total | |||||||||||||||
Asset Derivatives | ||||||||||||||||||||
Purchased options and swaptions, at value(A) | $ | 15,572 | $ | 187 | $ | — | $ | 3,097,100 | $ | 3,112,859 | ||||||||||
Unrealized appreciation on futures contracts(B) | — | — | — | 325,410 | 325,410 | |||||||||||||||
Premium paid on swap agreements | — | — | 13,042 | — | 13,042 | |||||||||||||||
Unrealized appreciation on swap agreements | 56,455 | — | — | 53,783 | 110,238 | |||||||||||||||
Unrealized appreciation on forward foreign currency contracts | — | 571,962 | — | — | 571,962 | |||||||||||||||
Liability Derivatives | ||||||||||||||||||||
Unrealized depreciation on futures contracts(B) | — | — | — | (43,472 | ) | (43,472 | ) | |||||||||||||
Written options and swaptions, at value | — | (175 | ) | — | (602,770 | ) | (602,945 | ) | ||||||||||||
Unrealized depreciation on swap agreements | (11,157 | ) | — | (28,708 | ) | — | (39,865 | ) | ||||||||||||
Unrealized depreciation on forward foreign currency contracts | — | (444,551 | ) | — | — | (444,551 | ) | |||||||||||||
Total | $ | 60,870 | $ | 127,423 | $ | (15,666 | ) | $ | 2,830,051 | $ | 3,002,678 |
(A) | Included within Investment securities, at value. |
(B) | Includes cumulative appreciation/depreciation of futures contracts as reported in the Consolidated Schedule of Investments. Only current day’s variation margin is reported within the Consolidated Statement of Assets and Liabilities. |
Transamerica Funds | Semi-Annual Report 2013 |
Page 198
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2013
(unaudited)
NOTE 5. (continued)
Transamerica Global Allocation (continued)
Effect of Derivative Instruments in the Consolidated Statement of Operations for the period ended April 30, 2013:
Derivatives not accounted for as hedging instruments
Location | Interest rate contracts | Foreign exchange contracts | Credit contracts | Equity contracts | Commodity contracts | Total | ||||||||||||||||||
Net Realized Gain (Loss) on derivatives recognized in income | ||||||||||||||||||||||||
Net realized loss on purchased options(C) | $ | — | $ | — | $ | — | $ | (63,104 | ) | $ | (32,507 | ) | $ | (95,611 | ) | |||||||||
Net realized gain on futures contracts | — | — | — | 73,029 | — | 73,029 | ||||||||||||||||||
Net realized gain on written option and swaption contracts | — | — | — | 546,228 | — | 546,228 | ||||||||||||||||||
Net realized gain (loss) on swap agreements | (20,189 | ) | — | 12,711 | — | — | (7,478 | ) | ||||||||||||||||
Net realized gain on forward foreign currency contracts(D) | — | 740,597 | — | — | — | 740,597 | ||||||||||||||||||
Net change in Unrealized Appreciation (Depreciation) on derivatives recognized in income | ||||||||||||||||||||||||
Net change in unrealized appreciation (depreciation) on purchased swaptions(E) | (946 | ) | (27,133 | ) | — | 1,855,059 | — | 1,826,980 | ||||||||||||||||
Net change in unrealized appreciation (depreciation) on futures contracts | — | — | — | 94,536 | — | 94,536 | ||||||||||||||||||
Net change in unrealized appreciation (depreciation) on written option and swaption contracts | — | 15,704 | — | (445,061 | ) | — | (429,357 | ) | ||||||||||||||||
Net change in unrealized appreciation (depreciation) on swap agreements | 32,810 | — | (28,708 | ) | (119 | ) | — | 3,983 | ||||||||||||||||
Net change in unrealized appreciation (depreciation) on forward foreign currency transactions(F) | — | 315,145 | — | — | — | 315,145 | ||||||||||||||||||
Total | $ | 11,675 | $ | 1,044,313 | $ | (15,997 | ) | $ | 2,060,568 | $ | (32,507 | ) | $ | 3,068,052 |
(C) | Included within Net realized gain (loss) on transactions from Investment securities. |
(D) | Included within Net realized gain (loss) on transactions from Foreign currency transactions. |
(E) | Included within Net change in unrealized appreciation (depreciation) on Investment securities. |
(F) | Included within Net change in unrealized appreciation (depreciation) on Translation of assets and liabilities denominated in foreign currencies. |
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 2013 |
Page 199
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2013
(unaudited)
NOTE 5. (continued)
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 throughout the period decreased, beginning at 17 contracts, and ending at 0 contracts. The volume of forward foreign currency contracts and purchased options held averaged 52 and 23 contracts, respectively, beginning at 67 and 22, and both ending at 0 contracts.
Effect of Derivative Instruments in the Consolidated Statement of Operations for the period ended April 30, 2013:
Derivatives not accounted for as hedging instruments
Location | Interest rate contracts | Foreign exchange contracts | Equity contracts | Total | ||||||||||||
Net Realized Gain (Loss) on derivatives recognized in income | ||||||||||||||||
Net realized loss on purchased options(A) | $ | — | $ | — | $ | (3,124,226 | ) | $ | (3,124,226 | ) | ||||||
Net realized gain (loss) on futures contracts | 249,848 | — | (1,682,082 | ) | (1,432,234 | ) | ||||||||||
Net realized gain on written option and swaption contracts | — | — | 3,893,341 | 3,893,341 | ||||||||||||
Net realized gain on forward foreign currency contracts(B) | — | 1,009,203 | — | 1,009,203 | ||||||||||||
Net change in Unrealized Appreciation (Depreciation) on derivatives recognized in income | ||||||||||||||||
Net change in unrealized appreciation (depreciation) on purchased options(C) | — | — | 358,521 | 358,521 | ||||||||||||
Net change in unrealized appreciation (depreciation) on futures contracts | 477,197 | — | (190,625 | ) | 286,572 | |||||||||||
Net change in unrealized appreciation (depreciation) on written option and swaption contracts | — | — | (385,483 | ) | (385,483 | ) | ||||||||||
Net change in unrealized appreciation (depreciation) on forward foreign currency transactions(D) | — | (278,139 | ) | — | (278,139 | ) | ||||||||||
Total | $ | 727,045 | $ | 731,064 | $ | (1,130,554 | ) | $ | 327,555 |
(A) | Included within Net realized gain (loss) on transactions from Investment securities. |
(B) | Included within Net realized gain (loss) on transactions from Foreign currency transactions. |
(C) | Included within Net change in unrealized appreciation (depreciation) on Investment securities. |
(D) | Included within Net change in unrealized appreciation (depreciation) on Translation of assets and liabilities denominated in foreign currencies. |
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 2013 |
Page 200
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2013
(unaudited)
NOTE 5. (continued)
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 10 contracts and ending at 14 contracts. The volume of forward foreign currency contracts averaged 489 contracts throughout the year, beginning at 515 contracts and ending at 567 contracts. The volume of futures contracts held during the period averaged 220 contracts, with a decrease from 298 contracts at the beginning of the period to 234 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 in the Consolidated Statement of Assets and Liabilities as of April 30, 2013:
Derivatives not accounted for as hedging instruments
Location | Interest rate contracts | Foreign exchange contracts | Equity contracts | Commodity contracts | Total | |||||||||||||||
Asset Derivatives | ||||||||||||||||||||
Unrealized appreciation on futures contracts(A) | $ | 4,505,515 | $ | — | $ | 3,375,121 | $ | 6,270,198 | $ | 14,150,834 | ||||||||||
Unrealized appreciation on swap agreements | 1,955,525 | — | 568,502 | 52,500 | 2,576,527 | |||||||||||||||
Unrealized appreciation on forward foreign currency contracts | — | 16,524,717 | — | — | 16,524,717 | |||||||||||||||
Liability Derivatives | ||||||||||||||||||||
Unrealized depreciation on futures contracts(A) | (101,073 | ) | — | (309,080 | ) | (4,016,038 | ) | (4,426,191 | ) | |||||||||||
Unrealized depreciation on swap agreements | (409,258 | ) | — | (61,424 | ) | — | (470,682 | ) | ||||||||||||
Unrealized depreciation on forward foreign currency contracts | — | (11,059,906 | ) | — | — | (11,059,906 | ) | |||||||||||||
Total | $ | 5,950,709 | $ | 5,464,811 | $ | 3,573,119 | $ | 2,306,660 | $ | 17,295,299 |
(A) | Includes cumulative appreciation (depreciation) of futures contracts as reported in the Consolidated Schedule of Investments. Only current day’s variation margin is reported within the Consolidated Statement of Assets and Liabilities. |
Effect of Derivative Instruments in the Consolidated Statement of Operations for the period ended April 30, 2013:
Derivatives not accounted for as hedging instruments
Location | Interest rate contracts | Foreign exchange contracts | Equity contracts | Commodity contracts | Total | |||||||||||||||
Net Realized Gain (Loss) on derivatives recognized in income | ||||||||||||||||||||
Net realized gain (loss) on futures contracts | $ | (4,889,005 | ) | $ | — | $ | 8,369,168 | $ | (5,125,300 | ) | $ | (1,645,137 | ) | |||||||
Net realized gain (loss) on swap agreements | 2,574,217 | — | (458,843 | ) | — | 2,115,374 | ||||||||||||||
Net realized gain on forward foreign currency contracts(B) | — | 21,044,557 | — | — | 21,044,557 | |||||||||||||||
Net change in Unrealized Appreciation (Depreciation) on derivatives recognized in income | ||||||||||||||||||||
Net change in unrealized appreciation (depreciation) on futures contracts | 4,320,800 | — | 4,933,134 | 4,073,799 | 13,327,733 | |||||||||||||||
Net change in unrealized appreciation (depreciation) on swap agreements | 1,438,517 | — | 764,469 | — | 2,202,986 | |||||||||||||||
Net change in unrealized appreciation (depreciation) on forward foreign currency transactions(C) | — | 4,496,402 | — | — | 4,496,402 | |||||||||||||||
Total | $ | 3,444,529 | $ | 25,540,959 | $ | 13,607,928 | $ | (1,051,501 | ) | $ | 41,541,915 |
(B) | Included within Net realized gain (loss) on transactions from Foreign currency transactions. |
(C) | Included within Net change in unrealized appreciation (depreciation) on Translation of assets and liabilities denominated in foreign currencies. |
Transamerica Funds | Semi-Annual Report 2013 |
Page 201
NOTES TO FINANCIAL STATEMENTS (continued)
At April 30, 2013
(unaudited)
NOTE 5. (continued)
Transamerica Managed Futures Strategy (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.
NOTE 6. FEDERAL INCOME TAX MATTERS
The Funds have not made any provision for federal income or excise taxes due to its policy to distribute all of their taxable income and capital gains to their shareholders and otherwise qualify as a regulated investment company 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 provisions taken or expected to be taken for all open tax years 2009-2012, 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 or Consolidated 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 differing 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, capital loss carryforwards, paydown gain/loss, foreign capital gains tax, and return of capital distributions from underlying investments.
NOTE 7. BASIS FOR CONSOLIDATION
Transamerica Cayman Commodity Strategy, Ltd., Transamerica Cayman Global Allocation, Ltd., Transamerica Cayman Global Macro, 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, 2013:
Fund Name | Subsidiary Name | Market Value | % of Net Assets | |||||||
Transamerica Commodity Strategy | Transamerica Cayman Commodity Strategy, Ltd. | $ | 22,561,802 | 18.10 | % | |||||
Transamerica Global Macro | Transamerica Cayman Global Macro, Ltd. | 0 | — | |||||||
Transamerica Global Allocation | Transamerica Cayman Global Allocation, Ltd. | 2,717,095 | 0.79 | |||||||
Transamerica Managed Futures Strategy | Transamerica Cayman Managed Futures Strategy, Ltd. | 83,345,300 | 23.00 |
NOTE 8. ACCOUNTING PRONOUNCEMENTS
In December 2011, the Financial Accounting Standards Board (“FASB”) issued the authoritative guidance that will enhance disclosures related to financial instruments and derivative instruments that are either offset in the statement of assets and liabilities or subject to an enforceable master netting arrangement or similar agreement. In January 2013 the FASB issued further authoritative guidance clarifying the Scope of Disclosures about Offsetting Assets and Liabilities. This information will enable users of the Funds’ financial statements to evaluate the effect or potential effect of netting arrangements on the Funds’ financial position. The adoption of this disclosure requirement is effective for financial statements interim and annual years beginning on or after January 1, 2013. Management is currently evaluating the implication of the additional disclosure requirements and its impact on the Funds’ financial statements.
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 2013 |
Page 202
TRANSAMERICA FUNDS
APPROVAL OF INVESTMENT ADVISORY AGREEMENTS
At a meeting of the Board of Trustees of Transamerica Funds (the “Board) held on August 2, 2012, the Board reviewed and considered the approval of a proposed investment advisory agreement (the “New Advisory Agreement”) between Transamerica Asset Management, Inc. (“TAM”) and each of the funds listed below (each a “Fund,” and collectively, the “Funds”). Following their review and consideration the Board determined that the New Advisory Agreement will enable shareholders to continue to enjoy investment management services at a cost that is reasonable in light of the services rendered. The Board, including the Independent Board Members, approved the New Advisory Agreement for each Fund.
Transamerica Arbitrage Strategy | Transamerica Long/Short Strategy | |
Transamerica Bond | Transamerica Mid Cap Value | |
Transamerica Core Bond | Transamerica Real Return TIPS | |
Transamerica Developing Markets Equity | Transamerica Select Equity | |
Transamerica Global Real Estate Securities | Transamerica Total Return | |
Transamerica Growth | Transamerica Value | |
Transamerica International | Transamerica Commodity Strategy | |
Transamerica International Equity Opportunities | Transamerica Global Allocation | |
Transamerica International Small Cap | Transamerica Global Macro | |
Transamerica International Value Opportunities | Transamerica Managed Futures Strategy |
In reaching their decisions, the Board Members requested and obtained from TAM information they deemed necessary to evaluate the New Advisory Agreement, and also considered information they had previously received from TAM in connection with the initial approval or annual consideration, as applicable, of a Fund’s current advisory agreement (a “Current Advisory Agreement”). In considering the New Advisory Agreement for each Fund, the Board Members evaluated a number of factors and 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.
Among other matters, the Board Members considered:
• | the terms and conditions of the New Advisory Agreement, including the differences from the Current Advisory Agreement; |
• | the differences among the various Current Advisory Agreements, as well as differences with the advisory agreements of other funds in the Transamerica Fund complex and current industry practices; |
• | the fact that each Fund’s advisory fees will remain the same under the New Advisory Agreement; |
• | the nature, scope and quality of services that TAM as investment adviser is expected to continue to provide to the Funds; |
• | the fact that the Board performed a full review of the Current Advisory Agreement for each Fund either in June 2012 or, if the Fund is relatively new, at the time of the Fund’s launch, as required by the Investment Company Act of 1940 Act and determined that TAM has the capabilities, resources and personnel necessary to provide the advisory services then being provided and anticipated to be provided to each Fund, and that the fees paid by each Fund represented reasonable compensation to TAM in light of the services provided. |
In their deliberations, the Board Members did not identify any particular information that was all-important or controlling, and each Board Member may have attributed different weights to the various factors. The Board Members evaluated all information available to them on a Fund-by-Fund basis, and their determinations were made separately in respect of each Fund. The Board Members of each applicable Fund, including a majority of the Independent Board Members, concluded that the terms of the New Advisory Agreement are reasonable, and that the New Advisory Agreement should be approved and recommended to Fund shareholders.
Nature, Quality and Extent of Services Provided. In evaluating the nature, quality and extent of the services to be provided by TAM under each New Advisory Agreement, the Board Members considered, among other things, that the differences between the New Advisory Agreement and the Current Advisory Agreements are not expected to result in any diminution in the nature, quality and extent of services provided to each Fund and its shareholders and that it is expected that TAM will continue to provide high quality advisory services under the New Advisory Agreement. The Board considered the services provided by TAM for the advisory fee it will receive, after payment of a Fund’s sub-advisory fee, if applicable, including oversight of the services provided by the Funds’ administrator, custodian and transfer agent and supervision of the performance of recordkeeping, shareholder relations, regulatory reporting and compliance functions of the Funds, as well as the “manager of managers” services TAM will provide. The Board Members also considered that they recently had performed a full review of each Current Advisory Agreement and had determined that TAM can provide investment and related services that are appropriate in scope and extent in light of each Fund’s operations, the competitive landscape of the investment company business and investor needs.
Transamerica Funds | Semi-Annual Report 2013 |
Page 203
TRANSAMERICA FUNDS
APPROVAL OF INVESTMENT ADVISORY AGREEMENTS (continued)
Based on their review of the materials provided and the assurances they received from TAM, the Board Members of each Fund determined that if the New Advisory Agreement is adopted, TAM will continue to provide the advisory services that are appropriate in scope and extent in light of the Fund’s operations, the competitive landscape of the investment company business and investor needs.
Investment Performance. The Board Members considered the performance results of the Funds. The Board Members noted that they had recently considered the performance of the Funds over various time periods in connection with the consideration of the applicable Current Advisory Agreements in June 2012 or, for relatively new Funds, had considered certain performance information prior to the Fund’s launch. Based on this information, the Board Members determined that TAM continues to be capable of generating a level of investment performance that is appropriate in light of each Fund’s investment objectives, policies and strategies.
Advisory Fees and Total Expense Ratios. The Board Members noted that the advisory fees and total expense ratios of each Fund are expected to remain the same under the New Advisory Agreement. The Board considered that it had recently considered information provided by Lipper Inc. comparing the advisory fee and total expense ratio of each Fund to the management fees and total expense ratios of comparable investment companies. On the basis of these considerations, the Board Members determined that the advisory fees to be received by TAM under the New Advisory Agreement continue to be reasonable in light of the services provided.
Costs of Services Provided and Profitability. The Board Members considered information provided by TAM regarding the profitability of TAM with respect to the advisory services it provides to each Fund. The Board considered that it had recently reviewed profitability information about TAM’s costs of providing and/or procuring fund management services, as applicable, as well as the costs of providing administration, transfer agency and other services to the Funds. The Board Members determined that the profitability of TAM and its affiliates from their relationships with the Funds was not excessive.
Economies of Scale. The Board Members considered information on the advisory fees paid by each Fund, taking into account any applicable breakpoint fee structures to account for economies of scale, and concluded that each Fund’s fee structure reflected economies of scale to date. The Board Members also noted that, in the future, they would have the opportunity to periodically reexamine whether each Fund has achieved economies of scale and the appropriateness of advisory fees payable to TAM.
Fallout Benefits. The Board Members took into consideration the character of other incidental benefits to TAM from its relationship with each Fund. The Board Members noted that TAM is not expected to realize “soft dollar” benefits from its relationship with the Funds. The Board Members considered that the costs, nature, scope and quality of administrative and other services provided to the Funds by affiliates of TAM will not change as a result of approval of the New Advisory Agreement.
Other Considerations. The Board Members considered that the New Advisory Agreement would more closely align the Funds with current industry practice and standardize the terms of the advisory agreements across the Funds, allowing for more efficient monitoring and administration of their performance. In addition, the Board Members 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 continue to manage the Funds in a professional manner that is consistent with the best interests of the Funds and their shareholders. In this regard, the Board Members favorably considered the procedures and policies to enforce compliance with applicable laws and regulations and oversee the portfolio management activities of the sub-advisers, if applicable.
Transamerica Funds | Semi-Annual Report 2013 |
Page 204
SUMMARY OF SHAREHOLDER PROXY VOTING
TRANSAMERICA ARBITRAGE STRATEGY
RESULTS OF SHAREHOLDER PROXY
(unaudited)
Rule 30e-1 under the Investment Company Act of 1940, as amended, titled “Reports to Stockholders of Management Companies,” requires registered management companies to report on all subject matters put to the vote of shareholders and provide final results. Accordingly, the Board of Trustees of the Funds solicited a vote by the shareholders for the following items:
At a special meeting of shareholders held on November 16, 2012, the results of Proposal I were as follows:
Proposal I: To elect Board Members:
Proposed Trustee | For | Against | Withheld | |||||||||
Thomas A. Swank | $ | 24,297,756,976.14 | $ | — | $ | 233,375,784.56 | ||||||
Sandra N. Bane | $ | 24,301,005,287.26 | $ | — | $ | 230,127,473.44 | ||||||
Leo J. Hill | $ | 24,303,864,648.88 | $ | — | $ | 227,268,111.82 | ||||||
David W. Jennings | $ | 24,305,514,957.51 | $ | — | $ | 225,617,803.19 | ||||||
Russell A. Kimball, Jr. | $ | 24,302,578,520.25 | $ | — | $ | 228,554,240.45 | ||||||
Eugene M. Mannella | $ | 24,302,290,685.74 | $ | — | $ | 228,842,074.96 | ||||||
Norman R. Nielsen | $ | 24,301,874,299.84 | $ | — | $ | 229,258,460.86 | ||||||
Joyce G. Norden | $ | 24,296,730,545.02 | $ | — | $ | 234,402,215.68 | ||||||
Patricia L. Sawyer | $ | 24,303,832,760.74 | $ | — | $ | 227,299,999.96 | ||||||
John W. Waechter | $ | 24,303,568,956.41 | $ | — | $ | 227,563,804.29 | ||||||
Alan F. Warrick | $ | 24,298,534,836.00 | $ | — | $ | 232,597,924.70 |
At a special meeting of shareholders held on November 16, 2012, the results of Proposal II were as follows:
Proposal II: To approve a new investment advisory agreement with Transamerica Asset Management, Inc.
For | Against | Abstentions/Broker Non-Votes | ||
$ 133,623,841.13 | $ — | $ —/$ — |
At a special meeting of shareholders held on November 16, 2012, the results of Proposal III were as follows:
Proposal III: To approve changes to the fundamental investment policies
Proposal III.A — Underwriting
For | Against | Abstentions/Broker Non-Votes | ||
$ 133,623,841.13 | $ — | $ —/$ — |
Proposal III.B — Real Estate
For | Against | Abstentions/Broker Non-Votes | ||
$ 133,623,841.13 | $ — | $ —/$ — |
Proposal III.C — Concentration
For | Against | Abstentions/Broker Non-Votes | ||
$ 133,623,841.13 | $ — | $ —/$ — |
Proposal III.D — Diversification
For | Against | Abstentions/Broker Non-Votes | ||
$ 133,623,841.13 | $ — | $ —/$ — |
Transamerica Funds | Semi-Annual Report 2013 |
Page 205
SUMMARY OF SHAREHOLDER PROXY VOTING
TRANSAMERICA BOND
RESULTS OF SHAREHOLDER PROXY (continued)
(unaudited)
Rule 30e-1 under the Investment Company Act of 1940, as amended, titled “Reports to Stockholders of Management Companies,” requires registered management companies to report on all subject matters put to the vote of shareholders and provide final results. Accordingly, the Board of Trustees of the Funds solicited a vote by the shareholders for the following items:
At a special meeting of shareholders held on November 16, 2012, the results of Proposal I were as follows:
Proposal I: To elect Board Members:
Proposed Trustee | For | Against | Withheld | |||||||||
Thomas A. Swank | $ | 24,297,756,976.14 | $ | — | $ | 233,375,784.56 | ||||||
Sandra N. Bane | $ | 24,301,005,287.26 | $ | — | $ | 230,127,473.44 | ||||||
Leo J. Hill | $ | 24,303,864,648.88 | $ | — | $ | 227,268,111.82 | ||||||
David W. Jennings | $ | 24,305,514,957.51 | $ | — | $ | 225,617,803.19 | ||||||
Russell A. Kimball, Jr. | $ | 24,302,578,520.25 | $ | — | $ | 228,554,240.45 | ||||||
Eugene M. Mannella | $ | 24,302,290,685.74 | $ | — | $ | 228,842,074.96 | ||||||
Norman R. Nielsen | $ | 24,301,874,299.84 | $ | — | $ | 229,258,460.86 | ||||||
Joyce G. Norden | $ | 24,296,730,545.02 | $ | — | $ | 234,402,215.68 | ||||||
Patricia L. Sawyer | $ | 24,303,832,760.74 | $ | — | $ | 227,299,999.96 | ||||||
John W. Waechter | $ | 24,303,568,956.41 | $ | — | $ | 227,563,804.29 | ||||||
Alan F. Warrick | $ | 24,298,534,836.00 | $ | — | $ | 232,597,924.70 |
At a special meeting of shareholders held on November 16, 2012, the results of Proposal II were as follows:
Proposal II: To approve a new investment advisory agreement with Transamerica Asset Management, Inc.
For | Against | Abstentions/Broker Non-Votes | ||
$ 695,041,602.94 | $ — | $ —/$ — |
At a special meeting of shareholders held on November 16, 2012, the results of Proposal III were as follows:
Proposal III: To approve changes to the fundamental investment policies
Proposal III.A — Underwriting
For | Against | Abstentions/Broker Non-Votes | ||
$ 695,041,602.94 | $ — | $ —/$ — |
Proposal III.B — Real Estate
For | Against | Abstentions/Broker Non-Votes | ||
$ 695,041,602.94 | $ — | $ —/$ — |
Proposal III.C — Concentration
For | Against | Abstentions/Broker Non-Votes | ||
$ 695,041,602.94 | $ — | $ —/$ — |
Proposal III.D — Diversification
For | Against | Abstentions/Broker Non-Votes | ||
$ 695,041,602.94 | $ — | $ —/$ — |
Transamerica Funds | Semi-Annual Report 2013 |
Page 206
SUMMARY OF SHAREHOLDER PROXY VOTING
TRANSAMERICA CORE BOND
RESULTS OF SHAREHOLDER PROXY (continued)
(unaudited)
Rule 30e-1 under the Investment Company Act of 1940, as amended, titled “Reports to Stockholders of Management Companies,” requires registered management companies to report on all subject matters put to the vote of shareholders and provide final results. Accordingly, the Board of Trustees of the Funds solicited a vote by the shareholders for the following items:
At a special meeting of shareholders held on November 16, 2012, the results of Proposal I were as follows:
Proposal I: To elect Board Members:
Proposed Trustee | For | Against | Withheld | |||||||||
Thomas A. Swank | $ | 24,297,756,976.14 | $ | — | $ | 233,375,784.56 | ||||||
Sandra N. Bane | $ | 24,301,005,287.26 | $ | — | $ | 230,127,473.44 | ||||||
Leo J. Hill | $ | 24,303,864,648.88 | $ | — | $ | 227,268,111.82 | ||||||
David W. Jennings | $ | 24,305,514,957.51 | $ | — | $ | 225,617,803.19 | ||||||
Russell A. Kimball, Jr. | $ | 24,302,578,520.25 | $ | — | $ | 228,554,240.45 | ||||||
Eugene M. Mannella | $ | 24,302,290,685.74 | $ | — | $ | 228,842,074.96 | ||||||
Norman R. Nielsen | $ | 24,301,874,299.84 | $ | — | $ | 229,258,460.86 | ||||||
Joyce G. Norden | $ | 24,296,730,545.02 | $ | — | $ | 234,402,215.68 | ||||||
Patricia L. Sawyer | $ | 24,303,832,760.74 | $ | — | $ | 227,299,999.96 | ||||||
John W. Waechter | $ | 24,303,568,956.41 | $ | — | $ | 227,563,804.29 | ||||||
Alan F. Warrick | $ | 24,298,534,836.00 | $ | — | $ | 232,597,924.70 |
At a special meeting of shareholders held on November 16, 2012, the results of Proposal II were as follows:
Proposal II: To approve a new investment advisory agreement with Transamerica Asset Management, Inc.
For | Against | Abstentions/Broker Non-Votes | ||
$ 2,185,210,579.33 | $ — | $ —/$ — |
At a special meeting of shareholders held on November 16, 2012, the results of Proposal III were as follows:
Proposal III: To approve changes to the fundamental investment policies
Proposal III.A — Underwriting
For | Against | Abstentions/Broker Non-Votes | ||
$ 2,185,210,579.33 | $ — | $ —/$ — |
Proposal III.B — Real Estate
For | Against | Abstentions/Broker Non-Votes | ||
$ 2,185,210,579.33 | $ — | $ —/$ — |
Proposal III.C — Concentration
For | Against | Abstentions/Broker Non-Votes | ||
$ 2,185,210,579.33 | $ — | $ —/$ — |
Proposal III.D — Diversification
For | Against | Abstentions/Broker Non-Votes | ||
$ 2,185,210,579.33 | $ — | $ —/$ — |
Transamerica Funds | Semi-Annual Report 2013 |
Page 207
SUMMARY OF SHAREHOLDER PROXY VOTING
TRANSAMERICA DEVELOPING MARKETS EQUITY
RESULTS OF SHAREHOLDER PROXY (continued)
(unaudited)
Rule 30e-1 under the Investment Company Act of 1940, as amended, titled “Reports to Stockholders of Management Companies,” requires registered management companies to report on all subject matters put to the vote of shareholders and provide final results. Accordingly, the Board of Trustees of the Funds solicited a vote by the shareholders for the following items:
At a special meeting of shareholders held on November 16, 2012, the results of Proposal I were as follows:
Proposal I: To elect Board Members:
Proposed Trustee | For | Against | Withheld | |||||||||
Thomas A. Swank | $ | 24,297,756,976.14 | $ | — | $ | 233,375,784.56 | ||||||
Sandra N. Bane | $ | 24,301,005,287.26 | $ | — | $ | 230,127,473.44 | ||||||
Leo J. Hill | $ | 24,303,864,648.88 | $ | — | $ | 227,268,111.82 | ||||||
David W. Jennings | $ | 24,305,514,957.51 | $ | — | $ | 225,617,803.19 | ||||||
Russell A. Kimball, Jr. | $ | 24,302,578,520.25 | $ | — | $ | 228,554,240.45 | ||||||
Eugene M. Mannella | $ | 24,302,290,685.74 | $ | — | $ | 228,842,074.96 | ||||||
Norman R. Nielsen | $ | 24,301,874,299.84 | $ | — | $ | 229,258,460.86 | ||||||
Joyce G. Norden | $ | 24,296,730,545.02 | $ | — | $ | 234,402,215.68 | ||||||
Patricia L. Sawyer | $ | 24,303,832,760.74 | $ | — | $ | 227,299,999.96 | ||||||
John W. Waechter | $ | 24,303,568,956.41 | $ | — | $ | 227,563,804.29 | ||||||
Alan F. Warrick | $ | 24,298,534,836.00 | $ | — | $ | 232,597,924.70 |
At a special meeting of shareholders held on November 16, 2012, the results of Proposal II were as follows:
Proposal II: To approve a new investment advisory agreement with Transamerica Asset Management, Inc.
For | Against | Abstentions/Broker Non-Votes | ||
$ 290,558,315.18 | $ — | $ —/$ — |
At a special meeting of shareholders held on November 16, 2012, the results of Proposal III were as follows:
Proposal III: To approve changes to the fundamental investment policies
Proposal III.A — Underwriting
For | Against | Abstentions/Broker Non-Votes | ||
$ 290,558,315.18 | $ — | $ —/$ — |
Proposal III.B — Real Estate
For | Against | Abstentions/Broker Non-Votes | ||
$ 290,558,315.18 | $ — | $ —/$ — |
Proposal III.C — Concentration
For | Against | Abstentions/Broker Non-Votes | ||
$ 290,558,315.18 | $ — | $ —/$ — |
Proposal III.D — Diversification
For | Against | Abstentions/Broker Non-Votes | ||
$ 290,558,315.18 | $ — | $ —/$ — |
Transamerica Funds | Semi-Annual Report 2013 |
Page 208
SUMMARY OF SHAREHOLDER PROXY VOTING
TRANSAMERICA GLOBAL REAL ESTATE SECURITIES
RESULTS OF SHAREHOLDER PROXY (continued)
(unaudited)
Rule 30e-1 under the Investment Company Act of 1940, as amended, titled “Reports to Stockholders of Management Companies,” requires registered management companies to report on all subject matters put to the vote of shareholders and provide final results. Accordingly, the Board of Trustees of the Funds solicited a vote by the shareholders for the following items:
At a special meeting of shareholders held on November 16, 2012, the results of Proposal I were as follows:
Proposal I: To elect Board Members:
Proposed Trustee | For | Against | Withheld | |||||||||
Thomas A. Swank | $ | 24,297,756,976.14 | $ | — | $ | 233,375,784.56 | ||||||
Sandra N. Bane | $ | 24,301,005,287.26 | $ | — | $ | 230,127,473.44 | ||||||
Leo J. Hill | $ | 24,303,864,648.88 | $ | — | $ | 227,268,111.82 | ||||||
David W. Jennings | $ | 24,305,514,957.51 | $ | — | $ | 225,617,803.19 | ||||||
Russell A. Kimball, Jr. | $ | 24,302,578,520.25 | $ | — | $ | 228,554,240.45 | ||||||
Eugene M. Mannella | $ | 24,302,290,685.74 | $ | — | $ | 228,842,074.96 | ||||||
Norman R. Nielsen | $ | 24,301,874,299.84 | $ | — | $ | 229,258,460.86 | ||||||
Joyce G. Norden | $ | 24,296,730,545.02 | $ | — | $ | 234,402,215.68 | ||||||
Patricia L. Sawyer | $ | 24,303,832,760.74 | $ | — | $ | 227,299,999.96 | ||||||
John W. Waechter | $ | 24,303,568,956.41 | $ | — | $ | 227,563,804.29 | ||||||
Alan F. Warrick | $ | 24,298,534,836.00 | $ | — | $ | 232,597,924.70 |
At a special meeting of shareholders held on November 16, 2012, the results of Proposal II were as follows:
Proposal II: To approve a new investment advisory agreement with Transamerica Asset Management, Inc.
For | Against | Abstentions/Broker Non-Votes | ||
$ 149,422,068.96 | $ — | $ —/$ — |
At a special meeting of shareholders held on November 16, 2012, the results of Proposal III were as follows:
Proposal III: To approve changes to the fundamental investment policies
Proposal III.A — Underwriting
For | Against | Abstentions/Broker Non-Votes | ||
$ 149,422,068.96 | $ — | $ —/$ — |
Proposal III.B — Real Estate
For | Against | Abstentions/Broker Non-Votes | ||
$ 149,422,068.96 | $ — | $ —/$ — |
Proposal III.C — Concentration
For | Against | Abstentions/Broker Non-Votes | ||
$ 149,422,068.96 | $ — | $ —/$ — |
Proposal III.D — Diversification
For | Against | Abstentions/Broker Non-Votes | ||
$ 149,422,068.96 | $ — | $ —/$ — |
Transamerica Funds | Semi-Annual Report 2013 |
Page 209
SUMMARY OF SHAREHOLDER PROXY VOTING
TRANSAMERICA GROWTH
RESULTS OF SHAREHOLDER PROXY (continued)
(unaudited)
Rule 30e-1 under the Investment Company Act of 1940, as amended, titled “Reports to Stockholders of Management Companies,” requires registered management companies to report on all subject matters put to the vote of shareholders and provide final results. Accordingly, the Board of Trustees of the Funds solicited a vote by the shareholders for the following items:
At a special meeting of shareholders held on November 16, 2012, the results of Proposal I were as follows:
Proposal I: To elect Board Members:
Proposed Trustee | For | Against | Withheld | |||||||||
Thomas A. Swank | $ | 24,297,756,976.14 | $ | — | $ | 233,375,784.56 | ||||||
Sandra N. Bane | $ | 24,301,005,287.26 | $ | — | $ | 230,127,473.44 | ||||||
Leo J. Hill | $ | 24,303,864,648.88 | $ | — | $ | 227,268,111.82 | ||||||
David W. Jennings | $ | 24,305,514,957.51 | $ | — | $ | 225,617,803.19 | ||||||
Russell A. Kimball, Jr. | $ | 24,302,578,520.25 | $ | — | $ | 228,554,240.45 | ||||||
Eugene M. Mannella | $ | 24,302,290,685.74 | $ | — | $ | 228,842,074.96 | ||||||
Norman R. Nielsen | $ | 24,301,874,299.84 | $ | — | $ | 229,258,460.86 | ||||||
Joyce G. Norden | $ | 24,296,730,545.02 | $ | — | $ | 234,402,215.68 | ||||||
Patricia L. Sawyer | $ | 24,303,832,760.74 | $ | — | $ | 227,299,999.96 | ||||||
John W. Waechter | $ | 24,303,568,956.41 | $ | — | $ | 227,563,804.29 | ||||||
Alan F. Warrick | $ | 24,298,534,836.00 | $ | — | $ | 232,597,924.70 |
At a special meeting of shareholders held on November 16, 2012, the results of Proposal II were as follows:
Proposal II: To approve a new investment advisory agreement with Transamerica Asset Management, Inc.
For | Against | Abstentions/Broker Non-Votes | ||
$ 540,808,825.89 | $ — | $ —/$ — |
At a special meeting of shareholders held on November 16, 2012, the results of Proposal III were as follows:
Proposal III: To approve changes to the fundamental investment policies
Proposal III.A — Underwriting
For | Against | Abstentions/Broker Non-Votes | ||
$ 540,808,825.89 | $ — | $ —/$ — |
Proposal III.B — Real Estate
For | Against | Abstentions/Broker Non-Votes | ||
$ 540,808,825.89 | $ — | $ —/$ — |
Proposal III.C — Concentration
For | Against | Abstentions/Broker Non-Votes | ||
$ 540,808,825.89 | $ — | $ —/$ — |
Proposal III.D — Diversification
For | Against | Abstentions/Broker Non-Votes | ||
$ 540,808,825.89 | $ — | $ —/$ — |
Transamerica Funds | Semi-Annual Report 2013 |
Page 210
SUMMARY OF SHAREHOLDER PROXY VOTING
TRANSAMERICA INTERNATIONAL
RESULTS OF SHAREHOLDER PROXY (continued)
(unaudited)
Rule 30e-1 under the Investment Company Act of 1940, as amended, titled “Reports to Stockholders of Management Companies,” requires registered management companies to report on all subject matters put to the vote of shareholders and provide final results. Accordingly, the Board of Trustees of the Funds solicited a vote by the shareholders for the following items:
At a special meeting of shareholders held on November 16, 2012, the results of Proposal I were as follows:
Proposal I: To elect Board Members:
Proposed Trustee | For | Against | Withheld | |||||||||
Thomas A. Swank | $ | 24,297,756,976.14 | $ | — | $ | 233,375,784.56 | ||||||
Sandra N. Bane | $ | 24,301,005,287.26 | $ | — | $ | 230,127,473.44 | ||||||
Leo J. Hill | $ | 24,303,864,648.88 | $ | — | $ | 227,268,111.82 | ||||||
David W. Jennings | $ | 24,305,514,957.51 | $ | — | $ | 225,617,803.19 | ||||||
Russell A. Kimball, Jr. | $ | 24,302,578,520.25 | $ | — | $ | 228,554,240.45 | ||||||
Eugene M. Mannella | $ | 24,302,290,685.74 | $ | — | $ | 228,842,074.96 | ||||||
Norman R. Nielsen | $ | 24,301,874,299.84 | $ | — | $ | 229,258,460.86 | ||||||
Joyce G. Norden | $ | 24,296,730,545.02 | $ | — | $ | 234,402,215.68 | ||||||
Patricia L. Sawyer | $ | 24,303,832,760.74 | $ | — | $ | 227,299,999.96 | ||||||
John W. Waechter | $ | 24,303,568,956.41 | $ | — | $ | 227,563,804.29 | ||||||
Alan F. Warrick | $ | 24,298,534,836.00 | $ | — | $ | 232,597,924.70 |
At a special meeting of shareholders held on November 16, 2012, the results of Proposal II were as follows:
Proposal II: To approve a new investment advisory agreement with Transamerica Asset Management, Inc.
For | Against | Abstentions/Broker Non-Votes | ||
$ 282,879,133.14 | $ — | $ —/$ — |
At a special meeting of shareholders held on November 16, 2012, the results of Proposal III were as follows:
Proposal III: To approve changes to the fundamental investment policies
Proposal III.A — Underwriting
For | Against | Abstentions/Broker Non-Votes | ||
$ 282,879,133.14 | $ — | $ —/$ — |
Proposal III.B — Real Estate
For | Against | Abstentions/Broker Non-Votes | ||
$ 282,879,133.14 | $ — | $ —/$ — |
Proposal III.C — Concentration
For | Against | Abstentions/Broker Non-Votes | ||
$ 282,879,133.14 | $ — | $ —/$ — |
Proposal III.D — Diversification
For | Against | Abstentions/Broker Non-Votes | ||
$ 282,879,133.14 | $ — | $ —/$ — |
Transamerica Funds | Semi-Annual Report 2013 |
Page 211
SUMMARY OF SHAREHOLDER PROXY VOTING
TRANSAMERICA INTERNATIONAL EQUITY OPPORTUNITIES
RESULTS OF SHAREHOLDER PROXY (continued)
(unaudited)
Rule 30e-1 under the Investment Company Act of 1940, as amended, titled “Reports to Stockholders of Management Companies,” requires registered management companies to report on all subject matters put to the vote of shareholders and provide final results. Accordingly, the Board of Trustees of the Funds solicited a vote by the shareholders for the following items:
At a special meeting of shareholders held on November 16, 2012, the results of Proposal I were as follows:
Proposal I: To elect Board Members:
Proposed Trustee | For | Against | Withheld | |||||||||
Thomas A. Swank | $ | 24,297,756,976.14 | $ | — | $ | 233,375,784.56 | ||||||
Sandra N. Bane | $ | 24,301,005,287.26 | $ | — | $ | 230,127,473.44 | ||||||
Leo J. Hill | $ | 24,303,864,648.88 | $ | — | $ | 227,268,111.82 | ||||||
David W. Jennings | $ | 24,305,514,957.51 | $ | — | $ | 225,617,803.19 | ||||||
Russell A. Kimball, Jr. | $ | 24,302,578,520.25 | $ | — | $ | 228,554,240.45 | ||||||
Eugene M. Mannella | $ | 24,302,290,685.74 | $ | — | $ | 228,842,074.96 | ||||||
Norman R. Nielsen | $ | 24,301,874,299.84 | $ | — | $ | 229,258,460.86 | ||||||
Joyce G. Norden | $ | 24,296,730,545.02 | $ | — | $ | 234,402,215.68 | ||||||
Patricia L. Sawyer | $ | 24,303,832,760.74 | $ | — | $ | 227,299,999.96 | ||||||
John W. Waechter | $ | 24,303,568,956.41 | $ | — | $ | 227,563,804.29 | ||||||
Alan F. Warrick | $ | 24,298,534,836.00 | $ | — | $ | 232,597,924.70 |
At a special meeting of shareholders held on November 16, 2012, the results of Proposal II were as follows:
Proposal II: To approve a new investment advisory agreement with Transamerica Asset Management, Inc.
For | Against | Abstentions/Broker Non-Votes | ||
$ 168,063,447.47 | $ — | $ —/$ — |
At a special meeting of shareholders held on November 16, 2012, the results of Proposal III were as follows:
Proposal III: To approve changes to the fundamental investment policies
Proposal III.A — Underwriting
For | Against | Abstentions/Broker Non-Votes | ||
$ 168,063,447.47 | $ — | $ —/$ — |
Proposal III.B — Real Estate
For | Against | Abstentions/Broker Non-Votes | ||
$ 168,063,447.47 | $ — | $ —/$ — |
Proposal III.C — Concentration
For | Against | Abstentions/Broker Non-Votes | ||
$ 168,063,447.47 | $ — | $ —/$ — |
Proposal III.D — Diversification
For | Against | Abstentions/Broker Non-Votes | ||
$ 168,063,447.47 | $ — | $ —/$ — |
Transamerica Funds | Semi-Annual Report 2013 |
Page 212
SUMMARY OF SHAREHOLDER PROXY VOTING
TRANSAMERICA INTERNATIONAL SMALL CAP
RESULTS OF SHAREHOLDER PROXY (continued)
(unaudited)
Rule 30e-1 under the Investment Company Act of 1940, as amended, titled “Reports to Stockholders of Management Companies,” requires registered management companies to report on all subject matters put to the vote of shareholders and provide final results. Accordingly, the Board of Trustees of the Funds solicited a vote by the shareholders for the following items:
At a special meeting of shareholders held on November 16, 2012, the results of Proposal I were as follows:
Proposal I: To elect Board Members:
Proposed Trustee | For | Against | Withheld | |||||||||
Thomas A. Swank | $ | 24,297,756,976.14 | $ | — | $ | 233,375,784.56 | ||||||
Sandra N. Bane | $ | 24,301,005,287.26 | $ | — | $ | 230,127,473.44 | ||||||
Leo J. Hill | $ | 24,303,864,648.88 | $ | — | $ | 227,268,111.82 | ||||||
David W. Jennings | $ | 24,305,514,957.51 | $ | — | $ | 225,617,803.19 | ||||||
Russell A. Kimball, Jr. | $ | 24,302,578,520.25 | $ | — | $ | 228,554,240.45 | ||||||
Eugene M. Mannella | $ | 24,302,290,685.74 | $ | — | $ | 228,842,074.96 | ||||||
Norman R. Nielsen | $ | 24,301,874,299.84 | $ | — | $ | 229,258,460.86 | ||||||
Joyce G. Norden | $ | 24,296,730,545.02 | $ | — | $ | 234,402,215.68 | ||||||
Patricia L. Sawyer | $ | 24,303,832,760.74 | $ | — | $ | 227,299,999.96 | ||||||
John W. Waechter | $ | 24,303,568,956.41 | $ | — | $ | 227,563,804.29 | ||||||
Alan F. Warrick | $ | 24,298,534,836.00 | $ | — | $ | 232,597,924.70 |
At a special meeting of shareholders held on November 16, 2012, the results of Proposal II were as follows:
Proposal II: To approve a new investment advisory agreement with Transamerica Asset Management, Inc.
For | Against | Abstentions/Broker Non-Votes | ||
$ 194,101,932.44 | $ — | $ —/$ — |
At a special meeting of shareholders held on November 16, 2012, the results of Proposal III were as follows:
Proposal III: To approve changes to the fundamental investment policies
Proposal III.A — Underwriting
For | Against | Abstentions/Broker Non-Votes | ||
$ 194,101,932.44 | $ — | $ —/$ — |
Proposal III.B — Real Estate
For | Against | Abstentions/Broker Non-Votes | ||
$ 194,101,932.44 | $ — | $ —/$ — |
Proposal III.C — Concentration
For | Against | Abstentions/Broker Non-Votes | ||
$ 194,101,932.44 | $ — | $ —/$ — |
Proposal III.D — Diversification
For | Against | Abstentions/Broker Non-Votes | ||
$ 194,101,932.44 | $ — | $ —/$ — |
Transamerica Funds | Semi-Annual Report 2013 |
Page 213
SUMMARY OF SHAREHOLDER PROXY VOTING
TRANSAMERICA INTERNATIONAL VALUE OPPORTUNITIES
RESULTS OF SHAREHOLDER PROXY (continued)
(unaudited)
Rule 30e-1 under the Investment Company Act of 1940, as amended, titled “Reports to Stockholders of Management Companies,” requires registered management companies to report on all subject matters put to the vote of shareholders and provide final results. Accordingly, the Board of Trustees of the Funds solicited a vote by the shareholders for the following items:
At a special meeting of shareholders held on November 16, 2012, the results of Proposal I were as follows:
Proposal I: To elect Board Members:
Proposed Trustee | For | Against | Withheld | |||||||||
Thomas A. Swank | $ | 24,297,756,976.14 | $ | — | $ | 233,375,784.56 | ||||||
Sandra N. Bane | $ | 24,301,005,287.26 | $ | — | $ | 230,127,473.44 | ||||||
Leo J. Hill | $ | 24,303,864,648.88 | $ | — | $ | 227,268,111.82 | ||||||
David W. Jennings | $ | 24,305,514,957.51 | $ | — | $ | 225,617,803.19 | ||||||
Russell A. Kimball, Jr. | $ | 24,302,578,520.25 | $ | — | $ | 228,554,240.45 | ||||||
Eugene M. Mannella | $ | 24,302,290,685.74 | $ | — | $ | 228,842,074.96 | ||||||
Norman R. Nielsen | $ | 24,301,874,299.84 | $ | — | $ | 229,258,460.86 | ||||||
Joyce G. Norden | $ | 24,296,730,545.02 | $ | — | $ | 234,402,215.68 | ||||||
Patricia L. Sawyer | $ | 24,303,832,760.74 | $ | — | $ | 227,299,999.96 | ||||||
John W. Waechter | $ | 24,303,568,956.41 | $ | — | $ | 227,563,804.29 | ||||||
Alan F. Warrick | $ | 24,298,534,836.00 | $ | — | $ | 232,597,924.70 |
At a special meeting of shareholders held on November 16, 2012, the results of Proposal II were as follows:
Proposal II: To approve a new investment advisory agreement with Transamerica Asset Management, Inc.
For | Against | Abstentions/Broker Non-Votes | ||
$ 211,473,951.78 | $ — | $ —/$ — |
At a special meeting of shareholders held on November 16, 2012, the results of Proposal III were as follows:
Proposal III: To approve changes to the fundamental investment policies
Proposal III.A — Underwriting
For | Against | Abstentions/Broker Non-Votes | ||
$ 211,473,951.78 | $ — | $ —/$ — |
Proposal III.B — Real Estate
For | Against | Abstentions/Broker Non-Votes | ||
$ 211,473,951.78 | $ — | $ —/$ — |
Proposal III.C — Concentration
For | Against | Abstentions/Broker Non-Votes | ||
$ 211,473,951.78 | $ — | $ —/$ — |
Proposal III.D — Diversification
For | Against | Abstentions/Broker Non-Votes | ||
$ 211,473,951.78 | $ — | $ —/$ — |
Transamerica Funds | Semi-Annual Report 2013 |
Page 214
SUMMARY OF SHAREHOLDER PROXY VOTING
TRANSAMERICA LONG/SHORT STRATEGY
RESULTS OF SHAREHOLDER PROXY (continued)
(unaudited)
Rule 30e-1 under the Investment Company Act of 1940, as amended, titled “Reports to Stockholders of Management Companies,” requires registered management companies to report on all subject matters put to the vote of shareholders and provide final results. Accordingly, the Board of Trustees of the Funds solicited a vote by the shareholders for the following items:
At a special meeting of shareholders held on November 16, 2012, the results of Proposal I were as follows:
Proposal I: To elect Board Members:
Proposed Trustee | For | Against | Withheld | |||||||||
Thomas A. Swank | $ | 24,297,756,976.14 | $ | — | $ | 233,375,784.56 | ||||||
Sandra N. Bane | $ | 24,301,005,287.26 | $ | — | $ | 230,127,473.44 | ||||||
Leo J. Hill | $ | 24,303,864,648.88 | $ | — | $ | 227,268,111.82 | ||||||
David W. Jennings | $ | 24,305,514,957.51 | $ | — | $ | 225,617,803.19 | ||||||
Russell A. Kimball, Jr. | $ | 24,302,578,520.25 | $ | — | $ | 228,554,240.45 | ||||||
Eugene M. Mannella | $ | 24,302,290,685.74 | $ | — | $ | 228,842,074.96 | ||||||
Norman R. Nielsen | $ | 24,301,874,299.84 | $ | — | $ | 229,258,460.86 | ||||||
Joyce G. Norden | $ | 24,296,730,545.02 | $ | — | $ | 234,402,215.68 | ||||||
Patricia L. Sawyer | $ | 24,303,832,760.74 | $ | — | $ | 227,299,999.96 | ||||||
John W. Waechter | $ | 24,303,568,956.41 | $ | — | $ | 227,563,804.29 | ||||||
Alan F. Warrick | $ | 24,298,534,836.00 | $ | — | $ | 232,597,924.70 |
At a special meeting of shareholders held on November 16, 2012, the results of Proposal II were as follows:
Proposal II: To approve a new investment advisory agreement with Transamerica Asset Management, Inc.
For | Against | Abstentions/Broker Non-Votes | ||
$ 68,658,860.41 | $ — | $ —/$ — |
At a special meeting of shareholders held on November 16, 2012, the results of Proposal III were as follows:
Proposal III: To approve changes to the fundamental investment policies
Proposal III.A — Underwriting
For | Against | Abstentions/Broker Non-Votes | ||
$ 68,658,860.41 | $ — | $ —/$ — |
Proposal III.B — Real Estate
For | Against | Abstentions/Broker Non-Votes | ||
$ 68,658,860.41 | $ — | $ —/$ — |
Proposal III.C — Concentration
For | Against | Abstentions/Broker Non-Votes | ||
$ 68,658,860.41 | $ — | $ —/$ — |
Proposal III.D — Diversification
For | Against | Abstentions/Broker Non-Votes | ||
$ 68,658,860.41 | $ — | $ —/$ — |
Transamerica Funds | Semi-Annual Report 2013 |
Page 215
SUMMARY OF SHAREHOLDER PROXY VOTING
TRANSAMERICA MID CAP VALUE
RESULTS OF SHAREHOLDER PROXY (continued)
(unaudited)
Rule 30e-1 under the Investment Company Act of 1940, as amended, titled “Reports to Stockholders of Management Companies,” requires registered management companies to report on all subject matters put to the vote of shareholders and provide final results. Accordingly, the Board of Trustees of the Funds solicited a vote by the shareholders for the following items:
At a special meeting of shareholders held on November 16, 2012, the results of Proposal I were as follows:
Proposal I: To elect Board Members:
Proposed Trustee | For | Against | Withheld | |||||||||
Thomas A. Swank | $ | 24,297,756,976.14 | $ | — | $ | 233,375,784.56 | ||||||
Sandra N. Bane | $ | 24,301,005,287.26 | $ | — | $ | 230,127,473.44 | ||||||
Leo J. Hill | $ | 24,303,864,648.88 | $ | — | $ | 227,268,111.82 | ||||||
David W. Jennings | $ | 24,305,514,957.51 | $ | — | $ | 225,617,803.19 | ||||||
Russell A. Kimball, Jr. | $ | 24,302,578,520.25 | $ | — | $ | 228,554,240.45 | ||||||
Eugene M. Mannella | $ | 24,302,290,685.74 | $ | — | $ | 228,842,074.96 | ||||||
Norman R. Nielsen | $ | 24,301,874,299.84 | $ | — | $ | 229,258,460.86 | ||||||
Joyce G. Norden | $ | 24,296,730,545.02 | $ | — | $ | 234,402,215.68 | ||||||
Patricia L. Sawyer | $ | 24,303,832,760.74 | $ | — | $ | 227,299,999.96 | ||||||
John W. Waechter | $ | 24,303,568,956.41 | $ | — | $ | 227,563,804.29 | ||||||
Alan F. Warrick | $ | 24,298,534,836.00 | $ | — | $ | 232,597,924.70 |
At a special meeting of shareholders held on November 16, 2012, the results of Proposal II were as follows:
Proposal II: To approve a new investment advisory agreement with Transamerica Asset Management, Inc.
For | Against | Abstentions/Broker Non-Votes | ||
$ 198,296,044.02 | $ — | $ —/$ — |
At a special meeting of shareholders held on November 16, 2012, the results of Proposal III were as follows:
Proposal III: To approve changes to the fundamental investment policies
Proposal III.A — Underwriting
For | Against | Abstentions/Broker Non-Votes | ||
$ 198,296,044.02 | $ — | $ —/$ — |
Proposal III.B — Real Estate
For | Against | Abstentions/Broker Non-Votes | ||
$ 198,296,044.02 | $ — | $ —/$ — |
Proposal III.C — Concentration
For | Against | Abstentions/Broker Non-Votes | ||
$ 198,296,044.02 | $ — | $ —/$ — |
Proposal III.D — Diversification
For | Against | Abstentions/Broker Non-Votes | ||
$ 198,296,044.02 | $ — | $ —/$ — |
Transamerica Funds | Semi-Annual Report 2013 |
Page 216
SUMMARY OF SHAREHOLDER PROXY VOTING
TRANSAMERICA REAL RETURN TIPS
RESULTS OF SHAREHOLDER PROXY (continued)
(unaudited)
Rule 30e-1 under the Investment Company Act of 1940, as amended, titled “Reports to Stockholders of Management Companies,” requires registered management companies to report on all subject matters put to the vote of shareholders and provide final results. Accordingly, the Board of Trustees of the Funds solicited a vote by the shareholders for the following items:
At a special meeting of shareholders held on November 16, 2012, the results of Proposal I were as follows:
Proposal I: To elect Board Members:
Proposed Trustee | For | Against | Withheld | |||||||||
Thomas A. Swank | $ | 24,297,756,976.14 | $ | — | $ | 233,375,784.56 | ||||||
Sandra N. Bane | $ | 24,301,005,287.26 | $ | — | $ | 230,127,473.44 | ||||||
Leo J. Hill | $ | 24,303,864,648.88 | $ | — | $ | 227,268,111.82 | ||||||
David W. Jennings | $ | 24,305,514,957.51 | $ | — | $ | 225,617,803.19 | ||||||
Russell A. Kimball, Jr. | $ | 24,302,578,520.25 | $ | — | $ | 228,554,240.45 | ||||||
Eugene M. Mannella | $ | 24,302,290,685.74 | $ | — | $ | 228,842,074.96 | ||||||
Norman R. Nielsen | $ | 24,301,874,299.84 | $ | — | $ | 229,258,460.86 | ||||||
Joyce G. Norden | $ | 24,296,730,545.02 | $ | — | $ | 234,402,215.68 | ||||||
Patricia L. Sawyer | $ | 24,303,832,760.74 | $ | — | $ | 227,299,999.96 | ||||||
John W. Waechter | $ | 24,303,568,956.41 | $ | — | $ | 227,563,804.29 | ||||||
Alan F. Warrick | $ | 24,298,534,836.00 | $ | — | $ | 232,597,924.70 |
At a special meeting of shareholders held on November 16, 2012, the results of Proposal II were as follows:
Proposal II: To approve a new investment advisory agreement with Transamerica Asset Management, Inc.
For | Against | Abstentions/Broker Non-Votes | ||
$ 1,663,407,873.64 | $ — | $ —/$ — |
At a special meeting of shareholders held on November 16, 2012, the results of Proposal III were as follows:
Proposal III: To approve changes to the fundamental investment policies
Proposal III.A — Underwriting
For | Against | Abstentions/Broker Non-Votes | ||
$ 1,663,407,873.64 | $ — | $ —/$ — |
Proposal III.B — Real Estate
For | Against | Abstentions/Broker Non-Votes | ||
$ 1,663,407,873.64 | $ — | $ —/$ — |
Proposal III.C — Concentration
For | Against | Abstentions/Broker Non-Votes | ||
$ 1,663,407,873.64 | $ — | $ —/$ — |
Proposal III.D — Diversification
For | Against | Abstentions/Broker Non-Votes | ||
$ 1,663,407,873.64 | $ — | $ —/$ — |
Transamerica Funds | Semi-Annual Report 2013 |
Page 217
SUMMARY OF SHAREHOLDER PROXY VOTING
TRANSAMERICA SELECT EQUITY
RESULTS OF SHAREHOLDER PROXY (continued)
(unaudited)
Rule 30e-1 under the Investment Company Act of 1940, as amended, titled “Reports to Stockholders of Management Companies,” requires registered management companies to report on all subject matters put to the vote of shareholders and provide final results. Accordingly, the Board of Trustees of the Funds solicited a vote by the shareholders for the following items:
At a special meeting of shareholders held on November 16, 2012, the results of Proposal I were as follows:
Proposal I: To elect Board Members:
Proposed Trustee | For | Against | Withheld | |||||||||
Thomas A. Swank | $ | 24,297,756,976.14 | $ | — | $ | 233,375,784.56 | ||||||
Sandra N. Bane | $ | 24,301,005,287.26 | $ | — | $ | 230,127,473.44 | ||||||
Leo J. Hill | $ | 24,303,864,648.88 | $ | — | $ | 227,268,111.82 | ||||||
David W. Jennings | $ | 24,305,514,957.51 | $ | — | $ | 225,617,803.19 | ||||||
Russell A. Kimball, Jr. | $ | 24,302,578,520.25 | $ | — | $ | 228,554,240.45 | ||||||
Eugene M. Mannella | $ | 24,302,290,685.74 | $ | — | $ | 228,842,074.96 | ||||||
Norman R. Nielsen | $ | 24,301,874,299.84 | $ | — | $ | 229,258,460.86 | ||||||
Joyce G. Norden | $ | 24,296,730,545.02 | $ | — | $ | 234,402,215.68 | ||||||
Patricia L. Sawyer | $ | 24,303,832,760.74 | $ | — | $ | 227,299,999.96 | ||||||
John W. Waechter | $ | 24,303,568,956.41 | $ | — | �� | $ | 227,563,804.29 | |||||
Alan F. Warrick | $ | 24,298,534,836.00 | $ | — | $ | 232,597,924.70 |
At a special meeting of shareholders held on November 16, 2012, the results of Proposal II were as follows:
Proposal II: To approve a new investment advisory agreement with Transamerica Asset Management, Inc.
For | Against | Abstentions/Broker Non-Votes | ||
$ 1,144,208,823.24 | $ — | $ —/$ — |
At a special meeting of shareholders held on November 16, 2012, the results of Proposal III were as follows:
Proposal III: To approve changes to the fundamental investment policies
Proposal III.A — Underwriting
For | Against | Abstentions/Broker Non-Votes | ||
$ 1,144,208,823.24 | $ — | $ —/$ — |
Proposal III.B — Real Estate
For | Against | Abstentions/Broker Non-Votes | ||
$ 1,144,208,823.24 | $ — | $ —/$ — |
Proposal III.C — Concentration
For | Against | Abstentions/Broker Non-Votes | ||
$ 1,144,208,823.24 | $ — | $ —/$ — |
Proposal III.D — Diversification
For | Against | Abstentions/Broker Non-Votes | ||
$ 1,144,208,823.24 | $ — | $ —/$ — |
Transamerica Funds | Semi-Annual Report 2013 |
Page 218
SUMMARY OF SHAREHOLDER PROXY VOTING
TRANSAMERICA TOTAL RETURN
RESULTS OF SHAREHOLDER PROXY (continued)
(unaudited)
Rule 30e-1 under the Investment Company Act of 1940, as amended, titled “Reports to Stockholders of Management Companies,” requires registered management companies to report on all subject matters put to the vote of shareholders and provide final results. Accordingly, the Board of Trustees of the Funds solicited a vote by the shareholders for the following items:
At a special meeting of shareholders held on November 16, 2012, the results of Proposal I were as follows:
Proposal I: To elect Board Members:
Proposed Trustee | For | Against | Withheld | |||||||||
Thomas A. Swank | $ | 24,297,756,976.14 | $ | — | $ | 233,375,784.56 | ||||||
Sandra N. Bane | $ | 24,301,005,287.26 | $ | — | $ | 230,127,473.44 | ||||||
Leo J. Hill | $ | 24,303,864,648.88 | $ | — | $ | 227,268,111.82 | ||||||
David W. Jennings | $ | 24,305,514,957.51 | $ | — | $ | 225,617,803.19 | ||||||
Russell A. Kimball, Jr. | $ | 24,302,578,520.25 | $ | — | $ | 228,554,240.45 | ||||||
Eugene M. Mannella | $ | 24,302,290,685.74 | $ | — | $ | 228,842,074.96 | ||||||
Norman R. Nielsen | $ | 24,301,874,299.84 | $ | — | $ | 229,258,460.86 | ||||||
Joyce G. Norden | $ | 24,296,730,545.02 | $ | — | $ | 234,402,215.68 | ||||||
Patricia L. Sawyer | $ | 24,303,832,760.74 | $ | — | $ | 227,299,999.96 | ||||||
John W. Waechter | $ | 24,303,568,956.41 | $ | — | $ | 227,563,804.29 | ||||||
Alan F. Warrick | $ | 24,298,534,836.00 | $ | — | $ | 232,597,924.70 |
At a special meeting of shareholders held on November 16, 2012, the results of Proposal II were as follows:
Proposal II: To approve a new investment advisory agreement with Transamerica Asset Management, Inc.
For | Against | Abstentions/Broker Non-Votes | ||
$ 787,081,979.57 | $ — | $ —/$ — |
At a special meeting of shareholders held on November 16, 2012, the results of Proposal III were as follows:
Proposal III: To approve changes to the fundamental investment policies
Proposal III.A — Underwriting
For | Against | Abstentions/Broker Non-Votes | ||
$ 787,081,979.57 | $ — | $ —/$ — |
Proposal III.B — Real Estate
For | Against | Abstentions/Broker Non-Votes | ||
$ 787,081,979.57 | $ — | $ —/$ — |
Proposal III.C — Concentration
For | Against | Abstentions/Broker Non-Votes | ||
$ 787,081,979.57 | $ — | $ —/$ — |
Proposal III.D — Diversification
For | Against | Abstentions/Broker Non-Votes | ||
$ 787,081,979.57 | $ — | $ —/$ — |
Transamerica Funds | Semi-Annual Report 2013 |
Page 219
SUMMARY OF SHAREHOLDER PROXY VOTING
TRANSAMERICA VALUE
RESULTS OF SHAREHOLDER PROXY (continued)
(unaudited)
Rule 30e-1 under the Investment Company Act of 1940, as amended, titled “Reports to Stockholders of Management Companies,” requires registered management companies to report on all subject matters put to the vote of shareholders and provide final results. Accordingly, the Board of Trustees of the Funds solicited a vote by the shareholders for the following items:
At a special meeting of shareholders held on November 16, 2012, the results of Proposal I were as follows:
Proposal I: To elect Board Members:
Proposed Trustee | For | Against | Withheld | |||||||||
Thomas A. Swank | $ | 24,297,756,976.14 | $ | — | $ | 233,375,784.56 | ||||||
Sandra N. Bane | $ | 24,301,005,287.26 | $ | — | $ | 230,127,473.44 | ||||||
Leo J. Hill | $ | 24,303,864,648.88 | $ | — | $ | 227,268,111.82 | ||||||
David W. Jennings | $ | 24,305,514,957.51 | $ | — | $ | 225,617,803.19 | ||||||
Russell A. Kimball, Jr. | $ | 24,302,578,520.25 | $ | — | $ | 228,554,240.45 | ||||||
Eugene M. Mannella | $ | 24,302,290,685.74 | $ | — | $ | 228,842,074.96 | ||||||
Norman R. Nielsen | $ | 24,301,874,299.84 | $ | — | $ | 229,258,460.86 | ||||||
Joyce G. Norden | $ | 24,296,730,545.02 | $ | — | $ | 234,402,215.68 | ||||||
Patricia L. Sawyer | $ | 24,303,832,760.74 | $ | — | $ | 227,299,999.96 | ||||||
John W. Waechter | $ | 24,303,568,956.41 | $ | — | $ | 227,563,804.29 | ||||||
Alan F. Warrick | $ | 24,298,534,836.00 | $ | — | $ | 232,597,924.70 |
At a special meeting of shareholders held on November 16, 2012, the results of Proposal II were as follows:
Proposal II: To approve a new investment advisory agreement with Transamerica Asset Management, Inc.
For | Against | Abstentions/Broker Non-Votes | ||
$ 254,274,101.16 | $ — | $ —/$ — |
At a special meeting of shareholders held on November 16, 2012, the results of Proposal III were as follows:
Proposal III: To approve changes to the fundamental investment policies
Proposal III.A — Underwriting
For | Against | Abstentions/Broker Non-Votes | ||
$ 254,274,101.16 | $ — | $ —/$ — |
Proposal III.B — Real Estate
For | Against | Abstentions/Broker Non-Votes | ||
$ 254,274,101.16 | $ — | $ —/$ — |
Proposal III.C — Concentration
For | Against | Abstentions/Broker Non-Votes | ||
$ 254,274,101.16 | $ — | $ —/$ — |
Proposal III.D — Diversification
For | Against | Abstentions/Broker Non-Votes | ||
$ 254,274,101.16 | $ — | $ —/$ — |
Transamerica Funds | Semi-Annual Report 2013 |
Page 220
SUMMARY OF SHAREHOLDER PROXY VOTING
TRANSAMERICA COMMODITY STRATEGY
RESULTS OF SHAREHOLDER PROXY (continued)
(unaudited)
Rule 30e-1 under the Investment Company Act of 1940, as amended, titled “Reports to Stockholders of Management Companies,” requires registered management companies to report on all subject matters put to the vote of shareholders and provide final results. Accordingly, the Board of Trustees of the Funds solicited a vote by the shareholders for the following items:
At a special meeting of shareholders held on November 16, 2012, the results of Proposal I were as follows:
Proposal I: To elect Board Members:
Proposed Trustee | For | Against | Withheld | |||||||||
Thomas A. Swank | $ | 24,297,756,976.14 | $ | — | $ | 233,375,784.56 | ||||||
Sandra N. Bane | $ | 24,301,005,287.26 | $ | — | $ | 230,127,473.44 | ||||||
Leo J. Hill | $ | 24,303,864,648.88 | $ | — | $ | 227,268,111.82 | ||||||
David W. Jennings | $ | 24,305,514,957.51 | $ | — | $ | 225,617,803.19 | ||||||
Russell A. Kimball, Jr. | $ | 24,302,578,520.25 | $ | — | $ | 228,554,240.45 | ||||||
Eugene M. Mannella | $ | 24,302,290,685.74 | $ | — | $ | 228,842,074.96 | ||||||
Norman R. Nielsen | $ | 24,301,874,299.84 | $ | — | $ | 229,258,460.86 | ||||||
Joyce G. Norden | $ | 24,296,730,545.02 | $ | — | $ | 234,402,215.68 | ||||||
Patricia L. Sawyer | $ | 24,303,832,760.74 | $ | — | $ | 227,299,999.96 | ||||||
John W. Waechter | $ | 24,303,568,956.41 | $ | — | $ | 227,563,804.29 | ||||||
Alan F. Warrick | $ | 24,298,534,836.00 | $ | — | $ | 232,597,924.70 |
At a special meeting of shareholders held on November 16, 2012, the results of Proposal II were as follows:
Proposal II: To approve a new investment advisory agreement with Transamerica Asset Management, Inc.
For | Against | Abstentions/Broker Non-Votes | ||
$ 148,966,955.14 | $ — | $ —/$ — |
At a special meeting of shareholders held on November 16, 2012, the results of Proposal III were as follows:
Proposal III: To approve changes to the fundamental investment policies
Proposal III.A — Underwriting
For | Against | Abstentions/Broker Non-Votes | ||
$ 148,966,955.14 | $ — | $ —/$ — |
Proposal III.B — Real Estate
For | Against | Abstentions/Broker Non-Votes | ||
$ 148,966,955.14 | $ — | $ —/$ — |
Proposal III.C — Concentration
For | Against | Abstentions/Broker Non-Votes | ||
$ 148,966,955.14 | $ — | $ —/$ — |
Proposal III.D — Diversification
For | Against | Abstentions/Broker Non-Votes | ||
$ 148,966,955.14 | $ — | $ —/$ — |
Transamerica Funds | Semi-Annual Report 2013 |
Page 221
SUMMARY OF SHAREHOLDER PROXY VOTING
TRANSAMERICA GLOBAL ALLOCATION
RESULTS OF SHAREHOLDER PROXY (continued)
(unaudited)
Rule 30e-1 under the Investment Company Act of 1940, as amended, titled “Reports to Stockholders of Management Companies,” requires registered management companies to report on all subject matters put to the vote of shareholders and provide final results. Accordingly, the Board of Trustees of the Funds solicited a vote by the shareholders for the following items:
At a special meeting of shareholders held on November 16, 2012, the results of Proposal I were as follows:
Proposal I: To elect Board Members:
Proposed Trustee | For | Against | Withheld | |||||||||
Thomas A. Swank | $ | 24,297,756,976.14 | $ | — | $ | 233,375,784.56 | ||||||
Sandra N. Bane | $ | 24,301,005,287.26 | $ | — | $ | 230,127,473.44 | ||||||
Leo J. Hill | $ | 24,303,864,648.88 | $ | — | $ | 227,268,111.82 | ||||||
David W. Jennings | $ | 24,305,514,957.51 | $ | — | $ | 225,617,803.19 | ||||||
Russell A. Kimball, Jr. | $ | 24,302,578,520.25 | $ | — | $ | 228,554,240.45 | ||||||
Eugene M. Mannella | $ | 24,302,290,685.74 | $ | — | $ | 228,842,074.96 | ||||||
Norman R. Nielsen | $ | 24,301,874,299.84 | $ | — | $ | 229,258,460.86 | ||||||
Joyce G. Norden | $ | 24,296,730,545.02 | $ | — | $ | 234,402,215.68 | ||||||
Patricia L. Sawyer | $ | 24,303,832,760.74 | $ | — | $ | 227,299,999.96 | ||||||
John W. Waechter | $ | 24,303,568,956.41 | $ | — | $ | 227,563,804.29 | ||||||
Alan F. Warrick | $ | 24,298,534,836.00 | $ | — | $ | 232,597,924.70 |
At a special meeting of shareholders held on November 16, 2012, the results of Proposal II were as follows:
Proposal II: To approve a new investment advisory agreement with Transamerica Asset Management, Inc.
For | Against | Abstentions/Broker Non-Votes | ||
$ 327,480,963.53 | $ — | $ —/$ — |
At a special meeting of shareholders held on November 16, 2012, the results of Proposal III were as follows:
Proposal III: To approve changes to the fundamental investment policies
Proposal III.A — Underwriting
For | Against | Abstentions/Broker Non-Votes | ||
$ 327,480,963.53 | $ — | $ —/$ — |
Proposal III.B — Real Estate
For | Against | Abstentions/Broker Non-Votes | ||
$ 327,480,963.53 | $ — | $ —/$ — |
Proposal III.C — Concentration
For | Against | Abstentions/Broker Non-Votes | ||
$ 327,480,963.53 | $ — | $ —/$ — |
Proposal III.D — Diversification
For | Against | Abstentions/Broker Non-Votes | ||
$ 327,480,963.53 | $ — | $ —/$ — |
Transamerica Funds | Semi-Annual Report 2013 |
Page 222
SUMMARY OF SHAREHOLDER PROXY VOTING
TRANSAMERICA GLOBAL MACRO
RESULTS OF SHAREHOLDER PROXY (continued)
(unaudited)
Rule 30e-1 under the Investment Company Act of 1940, as amended, titled “Reports to Stockholders of Management Companies,” requires registered management companies to report on all subject matters put to the vote of shareholders and provide final results. Accordingly, the Board of Trustees of the Funds solicited a vote by the shareholders for the following items:
At a special meeting of shareholders held on November 16, 2012, the results of Proposal I were as follows:
Proposal I: To elect Board Members:
Proposed Trustee | For | Against | Withheld | |||||||||
Thomas A. Swank | $ | 24,297,756,976.14 | $ | — | $ | 233,375,784.56 | ||||||
Sandra N. Bane | $ | 24,301,005,287.26 | $ | — | $ | 230,127,473.44 | ||||||
Leo J. Hill | $ | 24,303,864,648.88 | $ | — | $ | 227,268,111.82 | ||||||
David W. Jennings | $ | 24,305,514,957.51 | $ | — | $ | 225,617,803.19 | ||||||
Russell A. Kimball, Jr. | $ | 24,302,578,520.25 | $ | — | $ | 228,554,240.45 | ||||||
Eugene M. Mannella | $ | 24,302,290,685.74 | $ | — | $ | 228,842,074.96 | ||||||
Norman R. Nielsen | $ | 24,301,874,299.84 | $ | — | $ | 229,258,460.86 | ||||||
Joyce G. Norden | $ | 24,296,730,545.02 | $ | — | $ | 234,402,215.68 | ||||||
Patricia L. Sawyer | $ | 24,303,832,760.74 | $ | — | $ | 227,299,999.96 | ||||||
John W. Waechter | $ | 24,303,568,956.41 | $ | — | $ | 227,563,804.29 | ||||||
Alan F. Warrick | $ | 24,298,534,836.00 | $ | — | $ | 232,597,924.70 |
At a special meeting of shareholders held on November 16, 2012, the results of Proposal II were as follows:
Proposal II: To approve a new investment advisory agreement with Transamerica Asset Management, Inc.
For | Against | Abstentions/Broker Non-Votes | ||
$ 92,846,786.74 | $ — | $ —/$ — |
At a special meeting of shareholders held on November 16, 2012, the results of Proposal III were as follows:
Proposal III: To approve changes to the fundamental investment policies
Proposal III.A — Underwriting
For | Against | Abstentions/Broker Non-Votes | ||
$ 92,846,786.74 | $ — | $ —/$ — |
Proposal III.B — Real Estate
For | Against | Abstentions/Broker Non-Votes | ||
$ 92,846,786.74 | $ — | $ —/$ — |
Proposal III.C — Concentration
For | Against | Abstentions/Broker Non-Votes | ||
$ 92,846,786.74 | $ — | $ —/$ — |
Proposal III.D — Diversification
For | Against | Abstentions/Broker Non-Votes | ||
$ 92,846,786.74 | $ — | $ —/$ — |
Transamerica Funds | Semi-Annual Report 2013 |
Page 223
SUMMARY OF SHAREHOLDER PROXY VOTING
TRANSAMERICA MANAGED FUTURES STRATEGY
RESULTS OF SHAREHOLDER PROXY (continued)
(unaudited)
Rule 30e-1 under the Investment Company Act of 1940, as amended, titled “Reports to Stockholders of Management Companies,” requires registered management companies to report on all subject matters put to the vote of shareholders and provide final results. Accordingly, the Board of Trustees of the Funds solicited a vote by the shareholders for the following items:
At a special meeting of shareholders held on November 16, 2012, the results of Proposal I were as follows:
Proposal I: To elect Board Members:
Proposed Trustee | For | Against | Withheld | |||||||||
Thomas A. Swank | $ | 24,297,756,976.14 | $ | — | $ | 233,375,784.56 | ||||||
Sandra N. Bane | $ | 24,301,005,287.26 | $ | — | $ | 230,127,473.44 | ||||||
Leo J. Hill | $ | 24,303,864,648.88 | $ | — | $ | 227,268,111.82 | ||||||
David W. Jennings | $ | 24,305,514,957.51 | $ | — | $ | 225,617,803.19 | ||||||
Russell A. Kimball, Jr. | $ | 24,302,578,520.25 | $ | — | $ | 228,554,240.45 | ||||||
Eugene M. Mannella | $ | 24,302,290,685.74 | $ | — | $ | 228,842,074.96 | ||||||
Norman R. Nielsen | $ | 24,301,874,299.84 | $ | — | $ | 229,258,460.86 | ||||||
Joyce G. Norden | $ | 24,296,730,545.02 | $ | — | $ | 234,402,215.68 | ||||||
Patricia L. Sawyer | $ | 24,303,832,760.74 | $ | — | $ | 227,299,999.96 | ||||||
John W. Waechter | $ | 24,303,568,956.41 | $ | — | $ | 227,563,804.29 | ||||||
Alan F. Warrick | $ | 24,298,534,836.00 | $ | — | $ | 232,597,924.70 |
At a special meeting of shareholders held on November 16, 2012, the results of Proposal II were as follows:
Proposal II: To approve a new investment advisory agreement with Transamerica Asset Management, Inc.
For | Against | Abstentions/Broker Non-Votes | ||
$ 364,390,436.85 | $ — | $ —/$ — |
At a special meeting of shareholders held on November 16, 2012, the results of Proposal III were as follows:
Proposal III: To approve changes to the fundamental investment policies
Proposal III.A — Underwriting
For | Against | Abstentions/Broker Non-Votes | ||
$ 364,390,436.85 | $ — | $ —/$ — |
Proposal III.B — Real Estate
For | Against | Abstentions/Broker Non-Votes | ||
$ 364,390,436.85 | $ — | $ —/$ — |
Proposal III.C — Concentration
For | Against | Abstentions/Broker Non-Votes | ||
$ 364,390,436.85 | $ — | $ —/$ — |
Proposal III.D — Diversification
For | Against | Abstentions/Broker Non-Votes | ||
$ 364,390,436.85 | $ — | $ —/$ — |
Transamerica Funds | Semi-Annual Report 2013 |
Page 224
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 | Semi-Annual Report 2013 |
Page 225
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 | Semi-Annual Report 2013 |
Page 226
P.O. Box 9012
Clearwater, FL 33758-9012
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.
(a) | The schedules of investments are included in the Semi-Annual report to shareholders filed under Item 1 of this Form N-CSR. |
(b) | Not applicable. |
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: | June 24, 2013 |
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: | June 24, 2013 | |
By: | /s/ Elizabeth Strouse | |
Elizabeth Strouse | ||
Principal Financial Officer | ||
Date: | June 24, 2013 |
EXHIBIT INDEX
Exhibit No. | Description of Exhibit | |
12(a)(1) | Not applicable | |
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(a)(3) | Not applicable | |
12(b) | Section 906 N-CSR Certification of Chief Executive Officer and Principal Financial Officer |