Transamerica Bond (IDITX) NPORT-P Transamerica International Equity (Jul 2020 report)

Transamerica International Equity

SCHEDULE OF INVESTMENTS

At July 31, 2020

(unaudited)

	Shares		Value
COMMON STOCKS - 97.0%
Australia - 2.7%
BHP Group PLC, ADR		242,469		$  10,598,320
Challenger, Ltd. (A)		4,682,139		14,437,526
Lendlease Corp., Ltd.		3,023,500		24,561,618
Macquarie Group, Ltd.		499,100		43,861,874
Santos, Ltd.		4,420,700		16,512,678
				109,972,016
Belgium - 1.8%
Groupe Bruxelles Lambert SA		391,220		33,934,645
KBC Group NV		722,300		41,182,917
				75,117,562
China - 0.4%
Baidu, Inc., ADR (B)		136,100		16,250,340
Denmark - 1.1%
AP Moller - Maersk A/S, Class B		29,735		38,281,789
Drilling Co. of 1972 A/S (B)		246,370		5,656,944
				43,938,733
France - 9.5%
Airbus SE (B)		66,400		4,860,214
Arkema SA		419,360		43,628,181
Dassault Aviation SA (B)		15,766		12,928,601
Engie SA (B)		5,259,500		70,062,666
Rexel SA (B)		1,596,417		18,947,328
Sanofi		797,401		83,724,798
TOTAL SE		933,200		35,315,739
Ubisoft Entertainment SA (B)		256,800		21,448,557
Veolia Environnement SA		2,502,351		57,322,827
Vivendi SA		1,439,124		38,189,192
				386,428,103
Germany - 12.3%
Allianz SE		221,302		45,914,468
Bayer AG		539,452		35,837,687
Deutsche Boerse AG		219,100		39,863,889
Deutsche Post AG (B)		173,400		7,038,336
Fresenius SE & Co. KGaA (B)		1,402,700		69,985,890
HeidelbergCement AG		946,300		52,515,307
Infineon Technologies AG		2,507,027		63,917,591
SAP SE		577,547		91,167,727
Siemens AG		604,995		77,098,138
Talanx AG (B)		448,384		16,322,737
				499,661,770
Hong Kong - 2.7%
China Mobile, Ltd.		4,490,300		30,651,393
CK Asset Holdings, Ltd.		5,403,000		30,001,067
CK Hutchison Holdings, Ltd.		7,401,800		48,332,245
				108,984,705
Ireland - 3.3%
AIB Group PLC (B)		10,549,900		13,230,883
DCC PLC		613,331		54,537,748
Ryanair Holdings PLC, ADR (B)		148,072		11,105,400
Smurfit Kappa Group PLC		1,678,715		56,712,223
				135,586,254

	Shares		Value
COMMON STOCKS (continued)
Isle of Man - 0.6%
GVC Holdings PLC		3,025,300		$   26,182,447
Israel - 0.7%
Check Point Software Technologies, Ltd. (B)		218,900		27,439,115
Italy - 2.2%
Mediobanca Banca di Credito Finanziario SpA		3,003,392		24,255,582
Prysmian SpA		1,228,922		31,425,641
UniCredit SpA (B)		3,848,600		35,322,216
				91,003,439
Japan - 25.7%
Astellas Pharma, Inc.		3,793,200		59,166,180
Daiwa Securities Group, Inc.		7,456,800		33,109,962
Denka Co., Ltd.		774,480		18,625,412
ENEOS Holdings, Inc.		12,844,600		45,041,002
FANUC Corp.		266,300		44,930,963
Fujitsu, Ltd.		283,860		38,007,481
Hitachi, Ltd.		1,637,280		49,043,149
Japan Airlines Co., Ltd.		1,393,000		22,548,876
Kirin Holdings Co., Ltd.		1,408,000		27,130,287
Kyocera Corp.		731,600		40,743,005
Matsumotokiyoshi Holdings Co., Ltd.		472,100		15,771,129
Nintendo Co., Ltd.		142,600		62,716,923
Olympus Corp.		3,478,300		62,562,303
ORIX Corp.		4,526,900		48,958,924
Rakuten, Inc.		5,852,700		53,782,332
Sega Sammy Holdings, Inc.		2,498,600		28,168,195
Seven & i Holdings Co., Ltd.		2,145,400		64,832,930
Sony Corp.		1,542,200		119,821,234
Square Enix Holdings Co., Ltd.		767,600		41,242,911
Sumitomo Mitsui Financial Group, Inc. (A)		2,113,600		56,319,905
Toshiba Corp.		1,842,550		56,347,304
Toyota Industries Corp.		1,116,400		56,716,662
				1,045,587,069
Luxembourg - 0.7%
ArcelorMittal SA (B)		2,419,035		26,783,020
Netherlands - 5.6%
ASML Holding NV		122,700		43,624,467
EXOR NV		219,600		12,332,254
Heineken Holding NV		617,385		53,343,719
Koninklijke Philips NV (B)		1,513,008		78,178,466
NXP Semiconductors NV		341,000		40,077,730
				227,556,636
Norway - 1.0%
Mowi ASA		2,181,300		39,614,881
Republic of Korea - 1.5%
Samsung Electronics Co., Ltd.		1,255,700		61,370,881
Singapore - 1.0%
DBS Group Holdings, Ltd.		2,947,500		42,578,564
Spain - 1.2%
Siemens Gamesa Renewable Energy SA		2,134,117		50,355,017
Sweden - 1.6%
Investor AB, B Shares		642,172		38,103,020
Volvo AB, B Shares (A) (B)		1,507,637		26,054,641
				64,157,661

The notes are an integral part of this report. Transamerica Funds Page    1

Transamerica International Equity

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2020

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Switzerland - 8.9%
ABB, Ltd.		2,242,000		$   56,304,132
Alcon, Inc. (B)		732,673		44,282,214
Glencore PLC (A) (B)		5,663,300		12,960,764
Nestle SA		768,064		91,339,478
Novartis AG		922,115		75,952,054
Roche Holding AG		50,200		17,387,096
UBS Group AG		5,345,674		62,976,196
				361,201,934
United Kingdom - 12.5%
Ashtead Group PLC		1,127,300		35,897,483
Aviva PLC		13,790,101		47,424,888
Barratt Developments PLC		1,089,100		7,234,522
British Land Co. PLC, REIT (A)		6,874,000		32,803,455
Bunzl PLC		791,548		22,674,705
IG Group Holdings PLC		732,000		6,996,176
Imperial Brands PLC		1,454,494		24,233,030
Inchcape PLC		4,874,496		27,307,290
Informa PLC		2,782,851		13,195,128
Linde PLC		128,600		31,521,146
Persimmon PLC (B)		1,063,700		33,208,921
Savills PLC		769,291		7,549,608
Smith & Nephew PLC		1,926,400		38,022,241
Tesco PLC (A)		18,578,800		52,435,737
Unilever PLC		1,640,014		97,654,601
Vodafone Group PLC		20,087,420		30,188,347
				508,347,278
Total Common Stocks (Cost $3,974,218,192)				3,948,117,425
OTHER INVESTMENT COMPANY - 0.3%
Securities Lending Collateral - 0.3%
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 0.12% (C)		11,151,055		11,151,055
Total Other Investment Company (Cost $11,151,055)				11,151,055
	Principal		Value
REPURCHASE AGREEMENT - 2.2%
Fixed Income Clearing Corp., 0.00% (C), dated 07/31/2020, to be repurchased at $88,082,132 on 08/03/2020. Collateralized by a U.S. Government Obligation, 2.38%, due 02/29/2024, and with a value of $89,843,829.		$  88,082,132		88,082,132
Total Repurchase Agreement (Cost $88,082,132)				88,082,132
Total Investments (Cost $4,073,451,379)				4,047,350,612
Net Other Assets (Liabilities) - 0.5%				19,768,895
Net Assets - 100.0%				$  4,067,119,507

The notes are an integral part of this report. Transamerica Funds Page    2

Transamerica International Equity

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2020

(unaudited)

INVESTMENTS BY INDUSTRY:

Industry	Percentage of Total Investments			Value
Pharmaceuticals		6.7	%		$	272,067,815
Industrial Conglomerates		5.8				236,315,435
Health Care Equipment & Supplies		5.5				223,045,224
Banks		5.3				212,890,067
Capital Markets		4.6				186,808,097
Entertainment		4.0				163,597,583
Household Durables		4.0				160,264,677
Diversified Financial Services		3.7				147,766,369
Semiconductors & Semiconductor Equipment		3.7				147,619,788
Electrical Equipment		3.4				138,084,790
Food & Staples Retailing		3.3				133,039,796
Food Products		3.2				130,954,359
Multi-Utilities		3.2				127,385,493
Software		2.9				118,606,842
Insurance		2.7				109,662,093
Personal Products		2.4				97,654,601
Oil, Gas & Consumable Fuels		2.4				96,869,419
Chemicals		2.3				93,774,739
Electronic Equipment, Instruments & Components		2.2				89,786,154
Beverages		2.0				80,474,006
Trading Companies & Distributors		1.9				77,519,516
Machinery		1.8				70,985,604
Health Care Providers & Services		1.7				69,985,890
Real Estate Management & Development		1.5				62,112,293
Technology Hardware, Storage & Peripherals		1.5				61,370,881
Wireless Telecommunication Services		1.5				60,839,740
Auto Components		1.4				56,716,662
Containers & Packaging		1.4				56,712,223
Internet & Direct Marketing Retail		1.3				53,782,332
Construction Materials		1.3				52,515,307
Metals & Mining		1.3				50,342,104
Marine		1.0				38,281,789
IT Services		0.9				38,007,481
Airlines		0.8				33,654,276
Equity Real Estate Investment Trusts		0.8				32,803,455
Leisure Products		0.7				28,168,195
Distributors		0.7				27,307,290
Hotels, Restaurants & Leisure		0.7				26,182,447
Tobacco		0.6				24,233,030
Aerospace & Defense		0.4				17,788,815
Interactive Media & Services		0.4				16,250,340
Media		0.3				13,195,128
Air Freight & Logistics		0.2				7,038,336
Energy Equipment & Services		0.1				5,656,944
Investments		97.5				3,948,117,425
Short-Term Investments		2.5				99,233,187
Total Investments		100.0	%		$	4,047,350,612

The notes are an integral part of this report. Transamerica Funds Page    3

Transamerica International Equity

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2020

(unaudited)

INVESTMENT VALUATION:

Valuation Inputs ^(D)

	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Common Stocks	$	136,992,051	$	3,811,125,374	$	—	$	3,948,117,425
Other Investment Company		11,151,055		—		—		11,151,055
Repurchase Agreement		—		88,082,132		—		88,082,132
Total Investments	$	148,143,106	$	3,899,207,506	$	—	$	4,047,350,612

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	All or a portion of the securities are on loan. The total value of all securities on loan is $55,498,941, collateralized by cash collateral of $11,151,055 and non-cash collateral, such as U.S. government securities and irrevocable letters of credit, of $47,350,170. 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 securities.
(C)	Rates disclosed reflect the yields at July 31, 2020.
(D)	There were no transfers in or out of Level 3 during the period ended July 31, 2020. Please reference the Investment Valuation section of the Notes to Schedule of Investments for more information regarding investment valuation and pricing inputs.

PORTFOLIO ABBREVIATIONS:

ADR	American Depositary Receipt
REIT	Real Estate Investment Trust

The notes are an integral part of this report. Transamerica Funds Page    4

Transamerica International Equity

NOTES TO SCHEDULE OF INVESTMENTS

At July 31, 2020

(unaudited)

INVESTMENT VALUATION

All investments in securities are recorded at their estimated fair value. The Fund values its investments at the official close of the New York Stock Exchange (“NYSE”) each day the NYSE is open for business.

The Fund utilizes various methods to measure the fair value of its investments on a recurring basis. Generally Accepted Accounting Principles in the United States of America establishes a hierarchy that prioritizes inputs to valuation methods. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. The three levels (“Levels”) of inputs of the fair value hierarchy are defined as follows:

Level 1 — Unadjusted quoted prices in active markets for identical securities.

Level 2 — Inputs, other than quoted prices included in Level 1, which are observable, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates, and similar data.

Level 3 — Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available, which may include the Fund’s own assumptions used in determining the fair value of investments.

The inputs used to measure fair value may fall into different Levels of the fair value hierarchy. In such cases, for disclosure purposes, the Level in the fair value hierarchy that is assigned to the fair value measurement of a security is determined based on the lowest Level input that is significant to the fair value measurement in its entirety. Certain investments that are measured at fair value using Net Asset Value (“NAV”) per share, or its equivalent, using the “practical expedient” have not been classified in the fair value Levels. The hierarchy classification of inputs used to value the Fund’s investments at July 31, 2020, is disclosed within the Investment Valuation section of the Schedule of Investments.

The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, but not limited to, the type of security, whether the security is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the security. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is generally greatest for instruments categorized in Level 3. Due to the inherent uncertainty of valuation, the determination of values may differ significantly from values that would have been realized had a ready market for investments existed, and the differences could be material.

Fair value measurements: Descriptions of the valuation techniques applied to the Fund’s significant categories of assets and liabilities measured at fair value on a recurring basis are as follows:

Equity securities: Securities are stated at the last reported sales price or closing price on the day of valuation taken from the primary exchange where the security is principally traded. To the extent these securities are actively traded and valuation adjustments are not applied, they are categorized in Level 1 of the fair value hierarchy. Equities traded on inactive markets or valued by reference to similar instruments are generally categorized in Level 2 or Level 3 if inputs are unobservable.

Foreign equity securities: Securities in which the primary trading market closes at the same time or after the NYSE, are valued based on quotations from the primary market in which they are traded and are categorized in Level 1. Because many foreign securities markets and exchanges close prior to the close of the NYSE, closing prices for foreign securities in those markets or on those exchanges do not reflect the events that occur after that close. Certain foreign securities may be fair valued using a pricing service that considers the correlation of the trading patterns of the foreign security to the intraday trading in the U.S. markets for investments such as American Depositary Receipts, financial futures, or ETFs and the movement of certain indices of securities based on a statistical analysis of their historical relationship; such valuations generally are categorized in Level 2.

Securities lending collateral: Securities lending collateral is invested in a money market fund which is valued at the NAV and no valuation adjustments are applied. Securities lending collateral is categorized in Level 1 of the fair value hierarchy.

Repurchase agreements: Repurchase agreements are valued at cost, which approximates fair value. To the extent the inputs are observable and timely, the values are generally categorized in Level 2 of the fair value hierarchy.

The notes are an integral part of this report. Transamerica Funds Page    5