Transamerica Short-Term Bond
SCHEDULE OF INVESTMENTS
At July 31, 2020
(unaudited)
| Principal | Value | |||||||
| ASSET-BACKED SECURITIES - 15.5% | ||||||||
Avid Automobile Receivables Trust | ||||||||
Series 2019-1, Class A, | ||||||||
2.62%, 02/15/2024 (A) | $ 3,213,119 | $ 3,247,589 | ||||||
Benefit Street Partners CLO VII, Ltd. | ||||||||
Series 2015-VIIA, Class A2R, | ||||||||
3-Month LIBOR + 1.20%, | 8,000,000 | 7,860,856 | ||||||
BXG Receivables Note Trust | ||||||||
Series 2012-A, Class A, | ||||||||
2.66%, 12/02/2027 (A) | 1,104,156 | 1,105,226 | ||||||
Series 2013-A, Class A, | ||||||||
3.01%, 12/04/2028 (A) | 3,756,484 | 3,767,025 | ||||||
Series 2017-A, Class A, | ||||||||
2.95%, 10/04/2032 (A) | 4,720,397 | 4,718,540 | ||||||
CF Hippolyta LLC | ||||||||
Series 2020-1, Class B1, | ||||||||
2.28%, 07/15/2060 (A) | 6,500,000 | 6,565,093 | ||||||
CIFC Funding, Ltd. | ||||||||
Series 2015-2A, Class BR2, | ||||||||
3-Month LIBOR + 1.50%, 1.78% (B), 04/15/2030 (A) | 16,300,000 | 15,774,830 | ||||||
CWABS, Inc. Asset-Backed Certificates Trust | ||||||||
Series 2006-17, Class 2A2, | ||||||||
1-Month LIBOR + 0.15%, | 6,134,719 | 5,987,484 | ||||||
Diamond Resorts Owner Trust | ||||||||
Series 2017-1A, Class A, | ||||||||
3.27%, 10/22/2029 (A) | 4,319,461 | 4,334,649 | ||||||
Series 2019-1A, Class A, | ||||||||
2.89%, 02/20/2032 (A) | 6,917,324 | 7,003,178 | ||||||
DT Auto Owner Trust | ||||||||
Series 2020-1A, Class A, | ||||||||
1.94%, 09/15/2023 (A) | 2,674,929 | 2,693,201 | ||||||
Series 2020-1A, Class B, | ||||||||
2.16%, 05/15/2024 (A) | 3,000,000 | 3,033,398 | ||||||
Halcyon Loan Advisors Funding, Ltd. | ||||||||
Series 2014-3A, Class B1R, | ||||||||
3-Month LIBOR + 1.70%, 1.96% (B), 10/22/2025 (A) | 10,000,000 | 9,886,600 | ||||||
Series 2015-1A, Class B1R, | ||||||||
3-Month LIBOR + 1.55%, 1.82% (B), 04/20/2027 (A) | 8,000,000 | 7,866,144 | ||||||
Hertz Vehicle Financing II, LP | ||||||||
Series 2019-1A, Class B, | ||||||||
4.10%, 03/25/2023 (A) | 11,900,000 | 11,917,541 | ||||||
Hilton Grand Vacations Trust | ||||||||
Series 2014-AA, Class B, | ||||||||
2.07%, 11/25/2026 (A) | 1,488,400 | 1,483,230 | ||||||
Series 2019-AA, Class A, | ||||||||
2.34%, 07/25/2033 (A) | 7,989,702 | 8,130,888 | ||||||
Series 2020-AA, Class A, | ||||||||
2.74%, 02/25/2039 (A) | 5,696,720 | 5,882,023 | ||||||
ICG CLO, Ltd. | ||||||||
Series 2016-1A, Class A2R, | ||||||||
3-Month LIBOR + 1.70%, 1.97% (B), 07/29/2028 (A) | 6,000,000 | 5,801,046 | ||||||
| Principal | Value | |||||||
| ASSET-BACKED SECURITIES (continued) | ||||||||
Jamestown CLO IV, Ltd. | ||||||||
Series 2014-4A, Class A2R, | ||||||||
3-Month LIBOR + 1.35%, 1.63% (B), 07/15/2026 (A) | $ 13,500,000 | $ 13,402,894 | ||||||
Marathon CLO VII, Ltd. | ||||||||
Series 2014-7A, Class A1R, | ||||||||
3-Month LIBOR + 1.32%, 1.57% (B), 10/28/2025 (A) | 2,968,539 | 2,950,122 | ||||||
Mill City Mortgage Loan Trust | ||||||||
Series 2017-3, Class A1, | ||||||||
2.75% (B), 01/25/2061 (A) | 10,161,434 | 10,418,855 | ||||||
Mountain View CLO, Ltd. | ||||||||
Series 2014-1A, Class BRR, | ||||||||
3-Month LIBOR + 1.45%, 1.73% (B), 10/15/2026 (A) | 10,000,000 | 9,844,740 | ||||||
MVW LLC | ||||||||
Series 2019-2A, Class B, | ||||||||
2.44%, 10/20/2038 (A) | 7,061,370 | 7,066,557 | ||||||
Series 2020-1A, Class A, | ||||||||
1.74%, 10/20/2037 (A) | 8,000,000 | 7,998,720 | ||||||
MVW Owner Trust | ||||||||
Series 2014-1A, Class A, | ||||||||
2.25%, 09/22/2031 (A) | 2,157,863 | 2,159,365 | ||||||
Series 2014-1A, Class B, | ||||||||
2.70%, 09/22/2031 (A) | 1,467,934 | 1,456,260 | ||||||
Series 2015-1A, Class A, | ||||||||
2.52%, 12/20/2032 (A) | 1,531,202 | 1,536,961 | ||||||
Series 2019-1A, Class A, | ||||||||
2.89%, 11/20/2036 (A) | 9,521,286 | 9,814,485 | ||||||
New Residential Advanced Receivables Trust | ||||||||
Series 2019-T2, Class AT2, | ||||||||
2.52%, 08/15/2053 (A) | 10,000,000 | 9,894,093 | ||||||
Series 2019-T3, Class AT3, | ||||||||
2.51%, 09/15/2052 (A) | 18,400,000 | 18,445,150 | ||||||
Series 2019-T4, Class AT4, | ||||||||
2.33%, 10/15/2051 (A) | 9,408,000 | 9,421,849 | ||||||
Series 2019-T4, Class BT4, | ||||||||
2.46%, 10/15/2051 (A) | 5,000,000 | 4,943,868 | ||||||
Series 2019-T5, Class DT5, | ||||||||
2.85%, 10/15/2051 (A) | 10,000,000 | 9,957,007 | ||||||
NRZ Advance Receivables Trust | ||||||||
Series 2019-T1, Class AT1, | ||||||||
2.59%, 07/15/2052 (A) | 6,695,000 | 6,703,947 | ||||||
Series 2019-T1, Class CT1, | ||||||||
2.93%, 07/15/2052 (A) | 5,000,000 | 4,922,706 | ||||||
Ocwen Master Advance Receivables Trust | ||||||||
Series 2019-T1, Class AT1, | ||||||||
2.51%, 08/15/2050 (A) | 5,000,000 | 4,998,953 | ||||||
Series 2019-T2, Class AT2, | ||||||||
2.42%, 08/15/2051 (A) | 13,000,000 | 13,001,111 | ||||||
Orange Lake Timeshare Trust | ||||||||
Series 2014-AA, Class A, | ||||||||
2.29%, 07/09/2029 (A) | 1,487,774 | 1,487,589 | ||||||
Series 2015-AA, Class A, | ||||||||
2.88%, 09/08/2027 (A) | 2,777,880 | 2,781,649 | ||||||
Series 2016-A, Class A, | ||||||||
2.61%, 03/08/2029 (A) | 5,730,435 | 5,719,010 | ||||||
Series 2018-A, Class C, | ||||||||
3.74%, 11/08/2030 (A) | 3,769,034 | 3,670,132 | ||||||
Series 2019-A, Class C, | ||||||||
3.61%, 04/09/2038 (A) | 6,330,750 | 6,057,304 | ||||||
The notes are an integral part of this report. Transamerica Funds | Page 1 |
Transamerica Short-Term Bond
SCHEDULE OF INVESTMENTS (continued)
At July 31, 2020
(unaudited)
| Principal | Value | |||||||
| ASSET-BACKED SECURITIES (continued) | ||||||||
OZLM Funding IV, Ltd. | ||||||||
Series 2013-4A, Class A2R, | ||||||||
3-Month LIBOR + 1.70%, | $ 6,000,000 | $ 5,777,022 | ||||||
Sierra Timeshare Receivables Funding LLC | ||||||||
Series 2018-2A, Class B, | ||||||||
3.65%, 06/20/2035 (A) | 2,735,501 | 2,747,571 | ||||||
Series 2018-3A, Class A, | ||||||||
3.69%, 09/20/2035 (A) | 3,255,820 | 3,350,966 | ||||||
Series 2018-3A, Class D, | ||||||||
5.20%, 09/20/2035 (A) | 3,182,564 | 3,123,967 | ||||||
Series 2019-2A, Class C, | ||||||||
3.12%, 05/20/2036 (A) | 5,987,742 | 5,908,353 | ||||||
Small Business Lending Trust | ||||||||
Series 2019-A, Class A, | ||||||||
2.85%, 07/15/2026 (A) | 4,869,834 | 4,780,858 | ||||||
Sofi Consumer Loan Program LLC | ||||||||
Series 2017-1, Class A, | ||||||||
3.28%, 01/26/2026 (A) | 455,669 | 457,015 | ||||||
SPS Servicer Advanced Receivables Trust | ||||||||
Series 2019-T2, Class AT2, | ||||||||
2.32%, 10/15/2052 (A) | 14,150,000 | 14,037,370 | ||||||
TICP CLO I, Ltd. | ||||||||
Series 2015-1A, Class AR, | ||||||||
3-Month LIBOR + 0.80%, 1.07% (B), 07/20/2027 (A) | 4,907,553 | 4,868,597 | ||||||
Series 2015-1A, Class BR, | ||||||||
3-Month LIBOR + 1.30%, 1.57% (B), 07/20/2027 (A) | 10,000,000 | 9,674,390 | ||||||
TICP CLO III, Ltd. | ||||||||
Series 2018-3R, Class B, | ||||||||
3-Month LIBOR + 1.35%, | 10,000,000 | 9,725,680 | ||||||
Towd Point Mortgage Trust | ||||||||
Series 2015-3, Class A1B, | ||||||||
3.00% (B), 03/25/2054 (A) | 756,372 | 761,878 | ||||||
Series 2015-4, Class A1B, | ||||||||
2.75% (B), 04/25/2055 (A) | 2,970,909 | 2,989,310 | ||||||
Series 2016-3, Class A1, | ||||||||
2.25% (B), 04/25/2056 (A) | 4,227,720 | 4,257,801 | ||||||
Series 2016-5, Class A1, | ||||||||
2.50% (B), 10/25/2056 (A) | 6,715,302 | 6,835,836 | ||||||
Series 2017-2, Class A1, | ||||||||
2.75% (B), 04/25/2057 (A) | 4,789,954 | 4,889,191 | ||||||
Series 2017-3, Class A1, | ||||||||
2.75% (B), 07/25/2057 (A) | 7,975,393 | 8,181,205 | ||||||
Series 2017-4, Class A1, | ||||||||
2.75% (B), 06/25/2057 (A) | 8,459,345 | 8,759,446 | ||||||
Series 2017-6, Class A1, | ||||||||
2.75% (B), 10/25/2057 (A) | 10,419,381 | 10,835,993 | ||||||
Series 2018-1, Class A1, | ||||||||
3.00% (B), 01/25/2058 (A) | 8,760,904 | 9,072,094 | ||||||
Series 2018-2, Class A1, | ||||||||
3.25% (B), 03/25/2058 (A) | 4,155,848 | 4,393,227 | ||||||
Series 2018-3, Class A1, | ||||||||
3.75% (B), 05/25/2058 (A) | 7,170,177 | 7,724,084 | ||||||
Trafigura Securitisation Finance PLC | ||||||||
Series 2018-1A, Class A2, | ||||||||
3.73%, 03/15/2022 (A) | 11,000,000 | 11,142,351 | ||||||
VSE VOI Mortgage LLC | ||||||||
Series 2017-A, Class A, | ||||||||
2.33%, 03/20/2035 (A) | 13,599,197 | 13,648,565 | ||||||
| Principal | Value | |||||||
| ASSET-BACKED SECURITIES (continued) | ||||||||
Welk Resorts LLC | ||||||||
Series 2013-AA, Class A, | ||||||||
3.10%, 03/15/2029 (A) | $ 1,365,080 | $ 1,368,253 | ||||||
Series 2015-AA, Class A, | ||||||||
2.79%, 06/16/2031 (A) | 2,017,729 | 2,020,584 | ||||||
Series 2017-AA, Class A, | ||||||||
2.82%, 06/15/2033 (A) | 3,844,484 | 3,836,818 | ||||||
Wellfleet CLO, Ltd. | ||||||||
Series 2016-1A, Class BR, | ||||||||
3-Month LIBOR + 1.50%, | 15,000,000 | 14,442,090 | ||||||
Series 2017-2A, Class A2R, | ||||||||
3-Month LIBOR + 1.62%, | 15,000,000 | 14,396,835 | ||||||
|
| |||||||
Total Asset-Backed Securities |
| 479,719,218 | ||||||
|
| |||||||
| CORPORATE DEBT SECURITIES - 62.7% | ||||||||
| Aerospace & Defense - 0.8% | ||||||||
Boeing Co. | ||||||||
2.13%, 03/01/2022 | 20,685,000 | 20,745,519 | ||||||
2.30%, 08/01/2021 (C) | 4,430,000 | 4,457,851 | ||||||
Raytheon Technologies Corp. | ||||||||
3.65%, 08/16/2023 | 320,000 | 347,279 | ||||||
|
| |||||||
| 25,550,649 | ||||||||
|
| |||||||
| Airlines - 1.1% | ||||||||
Delta Air Lines Pass-Through Trust | ||||||||
3.20%, 10/25/2025 | 6,212,000 | 6,231,168 | ||||||
6.82%, 02/10/2024 | 3,344,111 | 3,278,600 | ||||||
Delta Air Lines, Inc. | ||||||||
3.80%, 04/19/2023 | 9,957,000 | 9,267,072 | ||||||
Northwest Airlines Pass-Through Trust | ||||||||
6.26%, 05/20/2023 | 154,759 | 153,239 | ||||||
Southwest Airlines Co. | ||||||||
2.65%, 11/05/2020 | 9,964,000 | 9,986,830 | ||||||
US Airways Pass-Through Trust | ||||||||
3.95%, 05/15/2027 | 4,718,218 | 3,941,262 | ||||||
|
| |||||||
| 32,858,171 | ||||||||
|
| |||||||
| Banks - 16.8% | ||||||||
ABN AMRO Bank NV | ||||||||
3.40%, 08/27/2021 (A) | 15,000,000 | 15,471,000 | ||||||
AIB Group PLC | ||||||||
4.75%, 10/12/2023 (A) | 8,438,000 | 9,204,684 | ||||||
Banco Santander SA | ||||||||
2.71%, 06/27/2024 | 8,400,000 | 8,963,781 | ||||||
3.85%, 04/12/2023 | 4,600,000 | 4,931,054 | ||||||
Bank of America Corp. | ||||||||
Fixed until 10/01/2020, | 11,861,000 | 11,897,549 | ||||||
Fixed until 10/22/2024, | 9,821,000 | 10,421,999 | ||||||
Fixed until 01/20/2022, | 4,893,000 | 5,066,609 | ||||||
Banque Federative du Credit Mutuel SA | ||||||||
2.13%, 11/21/2022 (A) | 4,991,000 | 5,159,319 | ||||||
Barclays Bank PLC | ||||||||
10.18%, 06/12/2021 (A) | 5,158,000 | 5,540,005 | ||||||
Barclays PLC | ||||||||
Fixed until 05/07/2025, | 10,000,000 | 10,601,711 | ||||||
BNP Paribas SA | ||||||||
5.00%, 01/15/2021 | 17,935,000 | 18,308,418 | ||||||
The notes are an integral part of this report. Transamerica Funds | Page 2 |
Transamerica Short-Term Bond
SCHEDULE OF INVESTMENTS (continued)
At July 31, 2020
(unaudited)
| Principal | Value | |||||||
| CORPORATE DEBT SECURITIES (continued) | ||||||||
| Banks (continued) | ||||||||
BPCE SA | ||||||||
2.75%, 12/02/2021, MTN | $ 8,737,000 | $ 8,988,900 | ||||||
5.15%, 07/21/2024 (A) | 14,000,000 | 15,701,647 | ||||||
Canadian Imperial Bank of Commerce | ||||||||
Fixed until 07/22/2022, | 4,425,000 | 4,599,751 | ||||||
CIT Bank, NA | ||||||||
Fixed until 09/27/2024, | 6,927,000 | 6,565,411 | ||||||
CIT Group, Inc. | ||||||||
4.13%, 03/09/2021 | 600,000 | 602,250 | ||||||
Citibank, NA | ||||||||
Fixed until 05/20/2021, | 11,000,000 | 11,204,461 | ||||||
Citigroup, Inc. | ||||||||
Fixed until 11/04/2021, | 9,909,000 | 10,122,155 | ||||||
Fixed until 04/08/2025, | 4,988,000 | 5,422,295 | ||||||
Commerzbank AG | ||||||||
8.13%, 09/19/2023 (A) | 8,000,000 | 9,243,845 | ||||||
Cooperatieve Rabobank UA | ||||||||
Fixed until 06/24/2025, | 5,000,000 | 5,080,626 | ||||||
3.95%, 11/09/2022 | 10,100,000 | 10,743,348 | ||||||
Credit Agricole SA | ||||||||
Fixed until 06/16/2025, | 5,000,000 | 5,141,136 | ||||||
Credit Suisse AG | ||||||||
2.80%, 04/08/2022 | 5,477,000 | 5,691,803 | ||||||
6.50%, 08/08/2023 (A) | 5,462,000 | 6,110,612 | ||||||
Danske Bank A/S | ||||||||
1.23%, 06/22/2024 (A) | 10,000,000 | 10,108,049 | ||||||
Fixed until 09/20/2021, 3.00% (B), 09/20/2022 (A) | 10,000,000 | 10,197,841 | ||||||
Fifth Third Bancorp | ||||||||
3.65%, 01/25/2024 | 10,000,000 | 10,963,670 | ||||||
Fifth Third Bank NA | ||||||||
3.35%, 07/26/2021 | 8,848,000 | 9,084,751 | ||||||
First Horizon National Corp. | ||||||||
3.50%, 12/15/2020 | 8,160,000 | 8,222,157 | ||||||
First Niagara Financial Group, Inc. | ||||||||
7.25%, 12/15/2021 | 6,340,000 | 6,861,439 | ||||||
Huntington Bancshares, Inc. | ||||||||
2.30%, 01/14/2022 | 13,724,000 | 14,070,731 | ||||||
ING Bank NV | ||||||||
5.80%, 09/25/2023 (A) | 12,067,000 | 13,556,747 | ||||||
Intesa Sanpaolo SpA | ||||||||
3.25%, 09/23/2024 (A) (C) | 11,000,000 | 11,564,284 | ||||||
JPMorgan Chase & Co. | ||||||||
Fixed until 04/22/2025, | 6,082,000 | 6,384,922 | ||||||
Fixed until 04/25/2022, | 7,174,000 | 7,449,929 | ||||||
Fixed until 12/05/2023, | 10,000,000 | 11,063,700 | ||||||
Lloyds Banking Group PLC | ||||||||
Fixed until 07/09/2024, | 4,790,000 | 5,276,763 | ||||||
MUFG Union Bank NA | ||||||||
3.15%, 04/01/2022 | 11,000,000 | 11,468,334 | ||||||
Natwest Group PLC | ||||||||
6.00%, 12/19/2023 | 12,464,000 | 14,041,652 | ||||||
| Principal | Value | |||||||
| CORPORATE DEBT SECURITIES (continued) | ||||||||
| Banks (continued) | ||||||||
Nordea Bank Abp | ||||||||
1.00%, 06/09/2023 (A) | $ 8,797,000 | $ 8,945,585 | ||||||
PNC Financial Services Group, Inc. | ||||||||
3.90%, 04/29/2024 | 7,811,000 | 8,712,447 | ||||||
Regions Financial Corp. | ||||||||
2.75%, 08/14/2022 | 12,360,000 | 12,881,676 | ||||||
Royal Bank of Canada | ||||||||
SOFR + 0.40%, 0.48% (B), 08/05/2022, MTN | 15,809,000 | 15,738,833 | ||||||
Santander UK PLC | ||||||||
5.00%, 11/07/2023 (A) | 10,000,000 | 10,972,900 | ||||||
Svenska Handelsbanken AB | ||||||||
3.90%, 11/20/2023 | 10,000,000 | 11,077,840 | ||||||
Swedbank AB | ||||||||
1.30%, 06/02/2023 (A) | 9,000,000 | 9,159,984 | ||||||
Synovus Bank | ||||||||
Fixed until 02/10/2022, | 9,052,000 | 9,214,351 | ||||||
Truist Bank | ||||||||
SOFR + 0.73%, 0.83% (B), 03/09/2023 | 7,250,000 | 7,264,389 | ||||||
2.80%, 05/17/2022 | 6,013,000 | 6,262,266 | ||||||
Truist Financial Corp. | ||||||||
2.15%, 02/01/2021, MTN | 12,037,000 | 12,125,202 | ||||||
UniCredit SpA | ||||||||
6.57%, 01/14/2022 (A) | 10,000,000 | 10,630,110 | ||||||
US Bancorp | ||||||||
2.40%, 07/30/2024 | 9,070,000 | 9,703,910 | ||||||
Wells Fargo & Co. | ||||||||
Fixed until 04/30/2025, | 8,969,000 | 9,370,566 | ||||||
3.75%, 01/24/2024, MTN | 14,000,000 | 15,342,758 | ||||||
|
| |||||||
| 518,502,155 | ||||||||
|
| |||||||
| Beverages - 1.7% | ||||||||
Anheuser-Busch InBev Finance, Inc. | ||||||||
3.70%, 02/01/2024 | 10,120,000 | 11,173,392 | ||||||
Anheuser-Busch InBev Worldwide, Inc. | ||||||||
3.50%, 01/12/2024 | 6,971,000 | 7,678,585 | ||||||
Constellation Brands, Inc. | ||||||||
2.65%, 11/07/2022 | 5,537,000 | 5,782,770 | ||||||
Keurig Dr. Pepper, Inc. | ||||||||
3.40%, 11/15/2025 | 7,027,000 | 7,943,851 | ||||||
4.42%, 05/25/2025 | 7,016,000 | 8,200,781 | ||||||
Pernod Ricard SA | ||||||||
4.45%, 01/15/2022 (A) | 8,000,000 | 8,437,524 | ||||||
5.75%, 04/07/2021 (A) | 4,696,000 | 4,864,946 | ||||||
|
| |||||||
| 54,081,849 | ||||||||
|
| |||||||
| Biotechnology - 0.3% | ||||||||
AbbVie, Inc. | ||||||||
2.60%, 11/21/2024 (A) | 9,959,000 | 10,650,113 | ||||||
|
| |||||||
| Capital Markets - 4.2% | ||||||||
Ameriprise Financial, Inc. | ||||||||
3.00%, 03/22/2022 | 7,986,000 | 8,312,930 | ||||||
Bank of New York Mellon Corp. | ||||||||
2.20%, 08/16/2023, MTN | 10,000,000 | 10,502,957 | ||||||
2.50%, 04/15/2021, MTN | 10,123,000 | 10,266,609 | ||||||
Charles Schwab Corp. | ||||||||
2.65%, 01/25/2023 | 9,964,000 | 10,495,369 | ||||||
Credit Suisse Group Funding Guernsey, Ltd. | ||||||||
3.13%, 12/10/2020 | 10,000,000 | 10,096,046 | ||||||
Goldman Sachs Group, Inc. | ||||||||
Fixed until 10/31/2021, | 20,961,000 | 21,512,715 | ||||||
3.50%, 04/01/2025 | 2,988,000 | 3,310,850 | ||||||
The notes are an integral part of this report. Transamerica Funds | Page 3 |
Transamerica Short-Term Bond
SCHEDULE OF INVESTMENTS (continued)
At July 31, 2020
(unaudited)
| Principal | Value | |||||||
| CORPORATE DEBT SECURITIES (continued) | ||||||||
| Capital Markets (continued) | ||||||||
Morgan Stanley | ||||||||
Fixed until 04/28/2025, | $ 6,976,000 | $ 7,346,418 | ||||||
Fixed until 07/22/2024, | 4,981,000 | 5,329,464 | ||||||
2.75%, 05/19/2022 | 7,083,000 | 7,364,685 | ||||||
4.88%, 11/01/2022 | 5,085,000 | 5,534,649 | ||||||
State Street Corp. | ||||||||
Fixed until 03/30/2022, | 1,492,000 | 1,548,548 | ||||||
3.10%, 05/15/2023 | 11,076,000 | 11,888,650 | ||||||
UBS AG | ||||||||
1.75%, 04/21/2022 (A) | 4,441,000 | 4,534,150 | ||||||
UBS Group AG | ||||||||
Fixed until 07/30/2023, | 3,000,000 | 3,015,134 | ||||||
3.00%, 04/15/2021 (A) | 9,354,000 | 9,528,339 | ||||||
|
| |||||||
| 130,587,513 | ||||||||
|
| |||||||
| Chemicals - 1.0% | ||||||||
Huntsman International LLC | ||||||||
5.13%, 11/15/2022 | 6,972,000 | 7,421,682 | ||||||
Mosaic Co. | ||||||||
3.75%, 11/15/2021 | 12,074,000 | 12,415,419 | ||||||
Syngenta Finance NV | ||||||||
4.44%, 04/24/2023 (A) | 10,000,000 | 10,516,840 | ||||||
| �� |
|
| ||||||
| 30,353,941 | ||||||||
|
| |||||||
| Commercial Services & Supplies - 0.2% | ||||||||
CK Hutchison International 17 II, Ltd. | ||||||||
2.25%, 09/29/2020 (A) (C) | 5,000,000 | 5,006,301 | ||||||
|
| |||||||
| Construction Materials - 0.4% | ||||||||
CRH America, Inc. | ||||||||
3.88%, 05/18/2025 (A) | 10,000,000 | 11,351,310 | ||||||
|
| |||||||
| Consumer Finance - 3.6% | ||||||||
Ally Financial, Inc. |
| |||||||
4.13%, 02/13/2022 | 8,145,000 | 8,456,596 | ||||||
4.63%, 03/30/2025 (C) | 6,973,000 | 7,719,442 | ||||||
7.50%, 09/15/2020 | 10,239,000 | 10,313,527 | ||||||
American Express Co. | ||||||||
2.20%, 10/30/2020 | 6,325,000 | 6,343,343 | ||||||
American Honda Finance Corp. | ||||||||
0.88%, 07/07/2023, MTN | 11,959,000 | 12,065,060 | ||||||
BMW US Capital LLC | ||||||||
3.40%, 08/13/2021 (A) | 11,846,000 | 12,181,594 | ||||||
Capital One Financial Corp. | ||||||||
2.40%, 10/30/2020 | 9,963,000 | 9,995,516 | ||||||
Daimler Finance North America LLC | ||||||||
3.40%, 02/22/2022 (A) | 7,000,000 | 7,249,731 | ||||||
Ford Motor Credit Co. LLC | ||||||||
3.16%, 08/04/2020 | 4,600,000 | 4,600,000 | ||||||
3.34%, 03/18/2021 | 8,000,000 | 8,020,000 | ||||||
General Motors Financial Co., Inc. | ||||||||
3.20%, 07/06/2021 | 3,115,000 | 3,165,915 | ||||||
3.55%, 07/08/2022 | 9,957,000 | 10,334,037 | ||||||
Volkswagen Group of America Finance LLC | ||||||||
2.70%, 09/26/2022 (A) | 10,000,000 | 10,390,747 | ||||||
|
| |||||||
| 110,835,508 | ||||||||
|
| |||||||
| Diversified Consumer Services - 0.2% | ||||||||
Nationwide Building Society | ||||||||
Fixed until 03/08/2023, | 6,821,000 | 7,283,381 | ||||||
|
| |||||||
| Principal | Value | |||||||
| CORPORATE DEBT SECURITIES (continued) | ||||||||
| Diversified Financial Services - 2.5% | ||||||||
AerCap Ireland Capital DAC / AerCap Global Aviation Trust | ||||||||
3.30%, 01/23/2023 | $ 6,030,000 | $ 5,977,655 | ||||||
AIG Global Funding | ||||||||
0.80%, 07/07/2023 (A) | 6,976,000 | 7,018,522 | ||||||
Aircastle, Ltd. | ||||||||
5.13%, 03/15/2021 | 7,967,000 | 8,070,524 | ||||||
Aviation Capital Group LLC | ||||||||
2.88%, 01/20/2022 (A) | 5,506,000 | 5,415,588 | ||||||
5.50%, 12/15/2024 (A) | 10,832,000 | 11,096,112 | ||||||
Element Fleet Management Corp. | ||||||||
3.85%, 06/15/2025 (A) (C) | 8,707,000 | 9,165,022 | ||||||
GE Capital International Funding Unlimited Co. | ||||||||
2.34%, 11/15/2020 | 12,800,000 | 12,866,789 | ||||||
Protective Life Global Funding | ||||||||
2.70%, 11/25/2020 (A) | 8,378,000 | 8,439,638 | ||||||
Voya Financial, Inc. | ||||||||
3.13%, 07/15/2024 | 9,332,000 | 10,061,201 | ||||||
|
| |||||||
| 78,111,051 | ||||||||
|
| |||||||
Diversified Telecommunication Services - 0.7% |
| |||||||
AT&T, Inc. | ||||||||
3.40%, 05/15/2025 (D) | 7,000,000 | 7,786,415 | ||||||
British Telecommunications PLC | ||||||||
4.50%, 12/04/2023 | 8,200,000 | 9,164,624 | ||||||
Verizon Communications, Inc. | ||||||||
5.15%, 09/15/2023 | 5,000,000 | 5,709,592 | ||||||
|
| |||||||
| 22,660,631 | ||||||||
|
| |||||||
Electric Utilities - 3.6% |
| |||||||
American Electric Power Co., Inc. | ||||||||
2.95%, 12/15/2022 | 8,469,000 | 8,881,782 | ||||||
Appalachian Power Co. | ||||||||
4.60%, 03/30/2021 | 4,633,000 | 4,709,342 | ||||||
Berkshire Hathaway Energy Co. | ||||||||
2.38%, 01/15/2021 | 11,562,000 | 11,669,197 | ||||||
Duke Energy Corp. | ||||||||
3.05%, 08/15/2022 | 21,461,000 | 22,446,503 | ||||||
Entergy Corp. | ||||||||
4.00%, 07/15/2022 | 8,552,000 | 9,081,474 | ||||||
Evergy, Inc. | ||||||||
2.45%, 09/15/2024 | 11,565,000 | 12,364,091 | ||||||
FirstEnergy Corp. | ||||||||
4.25%, 03/15/2023 | 6,261,000 | 6,633,311 | ||||||
Georgia Power Co. | ||||||||
2.10%, 07/30/2023 | 7,441,000 | 7,760,936 | ||||||
Metropolitan Edison Co. | ||||||||
3.50%, 03/15/2023 (A) | 5,566,000 | 5,896,487 | ||||||
Pacific Gas & Electric Co. | ||||||||
1.75%, 06/16/2022 | 8,781,000 | 8,813,541 | ||||||
Southern Co. | ||||||||
2.35%, 07/01/2021 | 12,232,000 | 12,427,600 | ||||||
|
| |||||||
| 110,684,264 | ||||||||
|
| |||||||
Entertainment - 0.3% |
| |||||||
Walt Disney Co. | ||||||||
3.35%, 03/24/2025 | 7,972,000 | 8,913,287 | ||||||
|
| |||||||
Equity Real Estate Investment Trusts - 1.7% |
| |||||||
American Tower Corp. | ||||||||
3.00%, 06/15/2023 | 17,032,000 | 18,209,471 | ||||||
Crown Castle International Corp. | ||||||||
5.25%, 01/15/2023 | 7,556,000 | 8,400,916 | ||||||
CyrusOne, LP / CyrusOne Finance Corp. | ||||||||
2.90%, 11/15/2024 | 9,461,000 | 10,184,672 | ||||||
The notes are an integral part of this report. Transamerica Funds | Page 4 |
Transamerica Short-Term Bond
SCHEDULE OF INVESTMENTS (continued)
At July 31, 2020
(unaudited)
| Principal | Value | |||||||
| CORPORATE DEBT SECURITIES (continued) | ||||||||
| Equity Real Estate Investment Trusts (continued) | ||||||||
Service Properties Trust | ||||||||
4.35%, 10/01/2024 | $ 7,598,000 | $ 6,801,729 | ||||||
VEREIT Operating Partnership, LP | ||||||||
4.60%, 02/06/2024 | 8,370,000 | 9,003,608 | ||||||
|
| |||||||
| 52,600,396 | ||||||||
|
| |||||||
Food & Staples Retailing - 0.5% |
| |||||||
Albertsons Cos., Inc. / Safeway, Inc. / New Albertsons, LP | ||||||||
3.50%, 02/15/2023 (A) | 3,984,000 | 4,073,640 | ||||||
Sysco Corp. | ||||||||
2.50%, 07/15/2021 | 9,646,000 | 9,817,035 | ||||||
|
| |||||||
| 13,890,675 | ||||||||
|
| |||||||
Food Products - 0.8% |
| |||||||
Campbell Soup Co. | ||||||||
3.65%, 03/15/2023 | 4,983,000 | 5,348,244 | ||||||
Cargill, Inc. | ||||||||
1.38%, 07/23/2023 (A) | 9,965,000 | 10,194,635 | ||||||
Mondelez International | ||||||||
0.63%, 07/01/2022 | 8,881,000 | 8,924,339 | ||||||
|
| |||||||
| 24,467,218 | ||||||||
|
| |||||||
Health Care Equipment & Supplies - 0.9% |
| |||||||
Becton Dickinson & Co. | ||||||||
3-Month LIBOR + 1.03%, 1.35% (B), 06/06/2022 | 2,726,000 | 2,737,345 | ||||||
2.89%, 06/06/2022 | 13,942,000 | 14,473,330 | ||||||
DH Europe Finance II SARL | ||||||||
2.05%, 11/15/2022 | 10,888,000 | 11,249,531 | ||||||
|
| |||||||
| 28,460,206 | ||||||||
|
| |||||||
Health Care Providers & Services - 2.5% |
| |||||||
Cigna Corp. | ||||||||
3-Month LIBOR + 0.89%, | 12,689,000 | 12,802,593 | ||||||
3.90%, 02/15/2022 | 9,465,000 | 9,959,829 | ||||||
CVS Health Corp. | ||||||||
2.13%, 06/01/2021 | 15,000,000 | 15,193,101 | ||||||
2.63%, 08/15/2024 | 4,979,000 | 5,354,005 | ||||||
HCA, Inc. | ||||||||
5.00%, 03/15/2024 | 14,941,000 | 16,858,209 | ||||||
Laboratory Corp. of America Holdings | ||||||||
2.30%, 12/01/2024 | 9,959,000 | 10,609,666 | ||||||
UnitedHealth Group, Inc. | ||||||||
3.50%, 02/15/2024 | 6,971,000 | 7,701,845 | ||||||
|
| |||||||
| 78,479,248 | ||||||||
|
| |||||||
Hotels, Restaurants & Leisure - 0.5% |
| |||||||
GLP Capital, LP / GLP Financing II, Inc. | ||||||||
3.35%, 09/01/2024 | 4,479,000 | 4,534,988 | ||||||
International Game Technology PLC | ||||||||
6.25%, 02/15/2022 (A) | 2,873,000 | 3,002,601 | ||||||
Las Vegas Sands Corp. | ||||||||
3.20%, 08/08/2024 | 8,963,000 | 8,995,965 | ||||||
|
| |||||||
| 16,533,554 | ||||||||
|
| |||||||
Household Durables - 0.1% |
| |||||||
D.R. Horton, Inc. | ||||||||
2.55%, 12/01/2020 | 4,029,000 | 4,056,518 | ||||||
|
| |||||||
Insurance - 2.3% |
| |||||||
American International Group, Inc. | ||||||||
2.50%, 06/30/2025 | 10,551,000 | 11,281,604 | ||||||
| Principal | Value | |||||||
| CORPORATE DEBT SECURITIES (continued) | ||||||||
| Insurance (continued) | ||||||||
Aon Corp. | ||||||||
2.20%, 11/15/2022 | $ 7,967,000 | $ 8,276,127 | ||||||
Athene Global Funding | ||||||||
3.00%, 07/01/2022 (A) | 4,205,000 | 4,341,405 | ||||||
Equitable Financial Life Global Funding | ||||||||
1.40%, 07/07/2025 (A) | 9,966,000 | 10,081,275 | ||||||
Five Corners Funding Trust | ||||||||
4.42%, 11/15/2023 (A) | 8,785,000 | 9,844,378 | ||||||
Jackson National Life Global Funding | ||||||||
3.30%, 02/01/2022 (A) | 9,000,000 | 9,338,470 | ||||||
Marsh & McLennan Cos., Inc. | ||||||||
3.88%, 03/15/2024 | 8,778,000 | 9,761,297 | ||||||
Principal Life Global Funding II | ||||||||
2.25%, 11/21/2024 (A) (C) | 8,666,000 | 9,240,837 | ||||||
|
| |||||||
| 72,165,393 | ||||||||
|
| |||||||
Internet & Direct Marketing Retail - 0.1% |
| |||||||
Expedia Group, Inc. | ||||||||
4.50%, 08/15/2024 (C) | 4,287,000 | 4,508,498 | ||||||
|
| |||||||
IT Services - 0.5% |
| |||||||
Fiserv, Inc. | ||||||||
2.75%, 07/01/2024 | 13,481,000 | 14,563,469 | ||||||
|
| |||||||
Machinery - 0.7% |
| |||||||
Caterpillar Financial Services Corp. | ||||||||
0.65%, 07/07/2023 | 11,959,000 | 12,035,135 | ||||||
Otis Worldwide Corp. | ||||||||
3-Month LIBOR + 0.45%, | 9,962,000 | 9,928,915 | ||||||
|
| |||||||
| 21,964,050 | ||||||||
|
| |||||||
Media - 1.3% |
| |||||||
Comcast Corp. | ||||||||
3.70%, 04/15/2024 | 6,390,000 | 7,113,237 | ||||||
CSC Holdings LLC | ||||||||
6.75%, 11/15/2021 | 8,655,000 | 9,174,300 | ||||||
Discovery Communications LLC | ||||||||
2.95%, 03/20/2023 | 6,297,000 | 6,626,831 | ||||||
Sky, Ltd. | ||||||||
3.13%, 11/26/2022 (A) | 6,970,000 | 7,398,539 | ||||||
Time Warner Cable LLC | ||||||||
4.00%, 09/01/2021 | 5,256,000 | 5,392,634 | ||||||
ViacomCBS, Inc. | ||||||||
4.75%, 05/15/2025 (C) | 4,463,000 | 5,139,122 | ||||||
|
| |||||||
| 40,844,663 | ||||||||
|
| |||||||
Metals & Mining - 0.2% |
| |||||||
Glencore Funding LLC | ||||||||
3.00%, 10/27/2022 (A) | 6,974,000 | 7,188,102 | ||||||
|
| |||||||
Multi-Utilities - 1.5% |
| |||||||
Black Hills Corp. | ||||||||
4.25%, 11/30/2023 | 9,898,000 | 10,831,148 | ||||||
Dominion Energy, Inc. | ||||||||
2.45%, 01/15/2023 (A) | 7,820,000 | 8,148,510 | ||||||
2.72% (E), 08/15/2021 | 7,100,000 | 7,249,806 | ||||||
DTE Energy Co. | ||||||||
2.53%, 10/01/2024 | 10,070,000 | 10,733,081 | ||||||
NiSource, Inc. | ||||||||
3.85%, 02/15/2023 | 7,343,000 | 7,875,909 | ||||||
|
| |||||||
| 44,838,454 | ||||||||
|
| |||||||
The notes are an integral part of this report. Transamerica Funds | Page 5 |
Transamerica Short-Term Bond
SCHEDULE OF INVESTMENTS (continued)
At July 31, 2020
(unaudited)
| Principal | Value | |||||||
| CORPORATE DEBT SECURITIES (continued) | ||||||||
Oil, Gas & Consumable Fuels - 3.1% |
| |||||||
El Paso Natural Gas Co. LLC | ||||||||
8.63%, 01/15/2022 | $ 8,935,000 | $ 9,770,961 | ||||||
Energy Transfer Operating, LP | ||||||||
4.20%, 09/15/2023 | 4,980,000 | 5,267,475 | ||||||
Eni SpA | ||||||||
4.00%, 09/12/2023 (A) | 8,629,000 | 9,334,281 | ||||||
MPLX, LP | ||||||||
3-Month LIBOR + 0.90%, | 7,897,000 | 7,859,129 | ||||||
3.50%, 12/01/2022 | 8,683,000 | 9,059,864 | ||||||
4.88%, 12/01/2024 | 5,661,000 | 6,371,744 | ||||||
Occidental Petroleum Corp. | ||||||||
2.60%, 08/13/2021 | 13,935,000 | 13,760,813 | ||||||
Plains All American Pipeline, LP / PAA Finance Corp. | ||||||||
4.65%, 10/15/2025 | 5,976,000 | 6,444,226 | ||||||
Sabine Pass Liquefaction LLC | ||||||||
5.63%, 04/15/2023 | 8,281,000 | 9,126,225 | ||||||
Total Capital International SA | ||||||||
2.22%, 07/12/2021 | 8,882,000 | 9,031,049 | ||||||
Williams Cos., Inc. | ||||||||
4.55%, 06/24/2024 | 7,966,000 | 8,865,746 | ||||||
|
| |||||||
| 94,891,513 | ||||||||
|
| |||||||
Pharmaceuticals - 2.0% |
| |||||||
AstraZeneca PLC | ||||||||
2.38%, 06/12/2022 | 9,966,000 | 10,301,999 | ||||||
Bayer US Finance LLC | ||||||||
3.00%, 10/08/2021 (A) | 7,474,000 | 7,672,013 | ||||||
Bristol-Myers Squibb Co. | ||||||||
2.90%, 07/26/2024 | 8,515,000 | 9,269,232 | ||||||
Merck & Co., Inc. | ||||||||
0.75%, 02/24/2026 | 9,965,000 | 10,116,850 | ||||||
Takeda Pharmaceutical Co., Ltd. | ||||||||
4.00%, 11/26/2021 | 14,535,000 | 15,163,809 | ||||||
Upjohn, Inc. | ||||||||
1.13%, 06/22/2022 (A) | 4,078,000 | 4,111,491 | ||||||
1.65%, 06/22/2025 (A) (C) | 4,983,000 | 5,127,929 | ||||||
|
| |||||||
| 61,763,323 | ||||||||
|
| |||||||
Professional Services - 0.3% |
| |||||||
Equifax, Inc. | ||||||||
2.60%, 12/01/2024 | 8,195,000 | 8,749,843 | ||||||
|
| |||||||
Road & Rail - 1.0% |
| |||||||
Avolon Holdings Funding, Ltd. | ||||||||
3.63%, 05/01/2022 (A) | 12,397,000 | 11,883,991 | ||||||
5.50%, 01/15/2023 (A) | 6,127,000 | 5,937,958 | ||||||
Canadian Pacific Railway Co. | ||||||||
9.45%, 08/01/2021 | 7,000,000 | 7,598,413 | ||||||
Union Pacific Corp. | ||||||||
3.50%, 06/08/2023 | 4,457,000 | 4,834,033 | ||||||
|
| |||||||
| 30,254,395 | ||||||||
|
| |||||||
Semiconductors & Semiconductor Equipment - 1.5% |
| |||||||
Broadcom, Inc. | ||||||||
3.46%, 09/15/2026 (A) (D) | 12,132,000 | 13,292,832 | ||||||
KLA Corp. | ||||||||
4.65%, 11/01/2024 | 8,678,000 | 10,015,238 | ||||||
Micron Technology, Inc. | ||||||||
2.50%, 04/24/2023 | 4,701,000 | 4,907,956 | ||||||
| Principal | Value | |||||||
| CORPORATE DEBT SECURITIES (continued) | ||||||||
| Semiconductors & Semiconductor Equipment (continued) | ||||||||
NXP BV / NXP Funding LLC | ||||||||
3.88%, 09/01/2022 (A) | $ 10,000,000 | $ 10,591,589 | ||||||
QUALCOMM, Inc. | ||||||||
2.60%, 01/30/2023 | 5,815,000 | 6,124,617 | ||||||
|
| |||||||
| 44,932,232 | ||||||||
|
| |||||||
Software - 0.4% |
| |||||||
Infor, Inc. | ||||||||
1.45%, 07/15/2023 (A) | 2,192,000 | 2,215,680 | ||||||
Intuit, Inc. | ||||||||
0.65%, 07/15/2023 | 10,450,000 | 10,516,893 | ||||||
|
| |||||||
| 12,732,573 | ||||||||
|
| |||||||
Technology Hardware, Storage & Peripherals - 0.6% |
| |||||||
Dell International LLC / EMC Corp. | ||||||||
4.42%, 06/15/2021 (A) | 3,853,000 | 3,959,275 | ||||||
Hewlett Packard Enterprise Co. | ||||||||
1.45%, 04/01/2024 | 9,113,000 | 9,149,602 | ||||||
4.45%, 10/02/2023 | 4,984,000 | 5,470,676 | ||||||
|
| |||||||
| 18,579,553 | ||||||||
|
| |||||||
Textiles, Apparel & Luxury Goods - 0.5% |
| |||||||
Ralph Lauren Corp. | ||||||||
1.70%, 06/15/2022 | 6,094,000 | 6,216,293 | ||||||
VF Corp. | ||||||||
2.05%, 04/23/2022 | 9,966,000 | 10,226,854 | ||||||
|
| |||||||
| 16,443,147 | ||||||||
|
| |||||||
Tobacco - 0.1% |
| |||||||
BAT Capital Corp. | ||||||||
3.22%, 08/15/2024 | 3,485,000 | 3,765,870 | ||||||
|
| |||||||
Trading Companies & Distributors - 1.2% |
| |||||||
Air Lease Corp. | ||||||||
2.25%, 01/15/2023 | 15,548,000 | 15,369,121 | ||||||
International Lease Finance Corp. | ||||||||
8.25%, 12/15/2020 | 21,682,000 | 22,201,463 | ||||||
|
| |||||||
| 37,570,584 | ||||||||
|
| |||||||
Transportation Infrastructure - 0.3% |
| |||||||
Penske Truck Leasing Co., LP / PTL Finance Corp. | ||||||||
3.45%, 07/01/2024 (A) | 7,966,000 | 8,677,834 | ||||||
|
| |||||||
Wireless Telecommunication Services - 0.7% |
| |||||||
T-Mobile USA, Inc. | ||||||||
3.50%, 04/15/2025 (A) | 10,291,000 | 11,348,400 | ||||||
Vodafone Group PLC | ||||||||
3.75%, 01/16/2024 | 8,355,000 | 9,174,455 | ||||||
|
| |||||||
| 20,522,855 | ||||||||
|
| |||||||
Total Corporate Debt Securities |
| 1,940,874,290 | ||||||
|
| |||||||
| FOREIGN GOVERNMENT OBLIGATION - 0.1% | ||||||||
Qatar - 0.1% |
| |||||||
Qatar Government International Bond | ||||||||
3.88%, 04/23/2023 (A) | 2,175,000 | 2,347,538 | ||||||
|
| |||||||
Total Foreign Government Obligation |
| 2,347,538 | ||||||
|
| |||||||
The notes are an integral part of this report. Transamerica Funds | Page 6 |
Transamerica Short-Term Bond
SCHEDULE OF INVESTMENTS (continued)
At July 31, 2020
(unaudited)
| Principal | Value | |||||||
LOAN ASSIGNMENT - 0.4% |
| |||||||
Commercial Services & Supplies - 0.4% |
| |||||||
Spin Holdco, Inc. | ||||||||
Term Loan B, | ||||||||
3-Month LIBOR + 3.25%, 4.25% (B), 11/14/2022 | $ 12,963,404 | $ 12,562,926 | ||||||
|
| |||||||
Total Loan Assignment |
| 12,562,926 | ||||||
|
| |||||||
| MORTGAGE-BACKED SECURITIES - 18.1% | ||||||||
20 Times Square Trust | ||||||||
Series 2018-20TS, Class C, | ||||||||
3.10% (B), 05/15/2035 (A) | 10,900,000 | 10,454,541 | ||||||
280 Park Avenue Mortgage Trust | ||||||||
Series 2017-280P, Class C, | ||||||||
1-Month LIBOR + 1.25%, | 16,000,000 | 15,638,594 | ||||||
Arroyo Mortgage Trust | ||||||||
Series 2018-1, Class A1, | ||||||||
3.76% (B), 04/25/2048 (A) | 6,724,459 | 6,907,893 | ||||||
Ashford Hospitality Trust | ||||||||
Series 2018-ASHF, Class C, | ||||||||
1-Month LIBOR + 1.40%, | 18,800,000 | 17,095,261 | ||||||
Series 2018-ASHF, Class D, | ||||||||
1-Month LIBOR + 2.10%, | 10,520,000 | 9,472,897 | ||||||
Austin Fairmont Hotel Trust | ||||||||
Series 2019-FAIR, Class D, | ||||||||
1-Month LIBOR + 1.80%, | 5,000,000 | 4,523,423 | ||||||
BBCMS Mortgage Trust | ||||||||
Series 2017-DELC, Class C, | ||||||||
1-Month LIBOR + 1.20%, | 15,300,000 | 14,323,946 | ||||||
Series 2017-DELC, Class D, | ||||||||
1-Month LIBOR + 1.70%, | 15,000,000 | 13,698,586 | ||||||
Series 2018-TALL, Class C, | ||||||||
1-Month LIBOR + 1.12%, | 16,015,000 | 15,014,096 | ||||||
Series 2018-TALL, Class E, | ||||||||
1-Month LIBOR + 2.44%, | 15,000,000 | 13,847,100 | ||||||
BHMS Trust | ||||||||
Series 2018-ATLS, Class C, | ||||||||
1-Month LIBOR + 1.90%, | 14,900,000 | 13,523,368 | ||||||
BX Commercial Mortgage Trust | ||||||||
Series 2019-XL, Class D, | ||||||||
1-Month LIBOR + 1.45%, | 11,391,574 | 11,320,891 | ||||||
BX Trust | ||||||||
Series 2018-GW, Class C, | ||||||||
1-Month LIBOR + 1.22%, | 5,480,000 | 5,095,292 | ||||||
Series 2018-GW, Class D, | ||||||||
1-Month LIBOR + 1.77%, | 6,250,000 | 5,717,284 | ||||||
| Principal | Value | |||||||
| MORTGAGE-BACKED SECURITIES (continued) | ||||||||
BXP Trust | ||||||||
Series 2017-CQHP, Class D, | ||||||||
1-Month LIBOR + 2.00%, | $ 11,825,000 | $ 10,074,491 | ||||||
CAMB Commercial Mortgage Trust | ||||||||
Series 2019-LIFE, Class D, | ||||||||
1-Month LIBOR + 1.75%, | 9,760,000 | 9,699,456 | ||||||
CCRESG Commercial Mortgage Trust | ||||||||
Series 2016-HEAT, Class B, | ||||||||
4.11%, 04/10/2029 (A) | 4,319,000 | 4,252,600 | ||||||
Series 2016-HEAT, Class C, | ||||||||
4.92%, 04/10/2029 (A) | 3,619,000 | 3,508,007 | ||||||
Series 2016-HEAT, Class D, | ||||||||
5.49% (B), 04/10/2029 (A) | 7,290,000 | 6,880,712 | ||||||
CGMS Commercial Mortgage Trust | ||||||||
Series 2017-MDRB, Class B, | ||||||||
1-Month LIBOR + 1.75%, | 10,000,000 | 9,462,806 | ||||||
CHT Mortgage Trust | ||||||||
Series 2017-CSMO, Class D, | ||||||||
1-Month LIBOR + 2.25%, | 17,400,000 | 16,483,345 | ||||||
Citigroup Mortgage Loan Trust, Inc. | ||||||||
Series 2014-A, Class A, | ||||||||
4.00% (B), 01/25/2035 (A) | 2,686,538 | 2,823,308 | ||||||
Series 2018-RP1, Class A1, | ||||||||
3.00% (B), 09/25/2064 (A) | 8,092,736 | 8,502,172 | ||||||
Colony Trust | ||||||||
Series 2019-IKPR, Class C, | ||||||||
1-Month LIBOR + 1.68%, | 11,900,000 | 10,468,413 | ||||||
CORE Mortgage Trust | ||||||||
Series 2019-CORE, Class C, | ||||||||
1-Month LIBOR + 1.30%, | 15,390,000 | 15,005,073 | ||||||
DBCG Mortgage Trust | ||||||||
Series 2017-BBG, Class B, | ||||||||
1-Month LIBOR + 0.85%, | 12,500,000 | 12,131,459 | ||||||
Series 2017-BBG, Class C, | ||||||||
1-Month LIBOR + 1.00%, | 2,500,000 | 2,409,753 | ||||||
DBWF Mortgage Trust | ||||||||
Series 2018-GLKS, Class D, | ||||||||
1-Month LIBOR + 2.40%, | 10,000,000 | 9,196,839 | ||||||
Fontainebleau Miami Beach Trust | ||||||||
Series 2019-FBLU, Class D, | ||||||||
3.96% (B), 12/10/2036 (A) | 15,000,000 | 13,899,394 | ||||||
Great Wolf Trust | ||||||||
Series 2019-WOLF, Class C, | ||||||||
1-Month LIBOR + 1.63%, | 9,960,000 | 9,191,825 | ||||||
The notes are an integral part of this report. Transamerica Funds | Page 7 |
Transamerica Short-Term Bond
SCHEDULE OF INVESTMENTS (continued)
At July 31, 2020
(unaudited)
| Principal | Value | |||||||
| MORTGAGE-BACKED SECURITIES (continued) | ||||||||
GS Mortgage Securities Trust | ||||||||
Series 2013-G1, Class A1, | ||||||||
2.06%, 04/10/2031 (A) | $ 3,712,849 | $ 3,737,956 | ||||||
Series 2019-SOHO, Class D, | ||||||||
1-Month LIBOR + 1.60%, | 7,500,000 | 7,087,293 | ||||||
Hilton Orlando Trust | ||||||||
Series 2018-ORL, Class C, | ||||||||
1-Month LIBOR + 1.30%, | 14,000,000 | 12,735,631 | ||||||
HPLY Trust | ||||||||
Series 2019-HIT, Class C, | ||||||||
1-Month LIBOR + 1.60%, | 7,130,458 | 6,593,935 | ||||||
JPMorgan Chase Commercial Mortgage Securities Trust | ||||||||
Series 2014-DSTY, Class C, | ||||||||
3.80% (B), 06/10/2027 (A) | 10,000,000 | 1,250,000 | ||||||
Series 2020-NNN, Class CFL, | ||||||||
1-Month LIBOR + 1.30%, | 9,900,000 | 9,398,869 | ||||||
Series 2020-NNN, Class DFL, | ||||||||
1-Month LIBOR + 1.55%, | 5,000,000 | 4,701,161 | ||||||
KKR Industrial Portfolio Trust | ||||||||
Series 2020-AIP, Class D, | ||||||||
1-Month LIBOR + 2.03%, 2.20% (B), 03/15/2037 (A) | 9,803,009 | 9,532,582 | ||||||
Lehman Brothers Small Balance Commercial Mortgage Trust | ||||||||
Series 2005-1A, Class A, | ||||||||
1-Month LIBOR + 0.25%, | 255,984 | 253,218 | ||||||
MBRT | ||||||||
Series 2019-MBR, Class D, | ||||||||
1-Month LIBOR + 1.70%, | 10,730,000 | 9,760,877 | ||||||
Metlife Securitization Trust | ||||||||
Series 2017-1A, Class A, | ||||||||
3.00% (B), 04/25/2055 (A) | 9,965,461 | 10,385,131 | ||||||
Morgan Stanley Capital I Trust | ||||||||
Series 2017-ASHF, Class D, | ||||||||
1-Month LIBOR + 2.20%, | 15,700,000 | 12,752,779 | ||||||
Series 2018-SUN, Class C, | ||||||||
1-Month LIBOR + 1.40%, | 10,850,000 | 10,332,127 | ||||||
Series 2019-BPR, Class B, | ||||||||
1-Month LIBOR + 2.10%, | 6,720,000 | 6,085,920 | ||||||
Series 2019-NUGS, Class B, | ||||||||
1-Month LIBOR + 1.30%, | 7,000,000 | 6,811,232 | ||||||
Series 2019-NUGS, Class C, | ||||||||
1-Month LIBOR + 1.50%, | 5,200,000 | 5,033,245 | ||||||
Mortgage Equity Conversion Asset Trust | ||||||||
Series 2010-1A, Class A, | ||||||||
4.00%, 07/25/2060 (A) | 4,116,258 | 3,973,022 | ||||||
Motel 6 Trust | ||||||||
Series 2017-MTL6, Class C, | ||||||||
1-Month LIBOR + 1.40%, | 8,024,479 | 7,683,405 | ||||||
| Principal | Value | |||||||
| MORTGAGE-BACKED SECURITIES (continued) | ||||||||
MSCG Trust | ||||||||
Series 2018-SELF, Class C, | ||||||||
1-Month LIBOR + 1.18%, | $ 11,780,000 | $ 11,308,461 | ||||||
Series 2018-SELF, Class D, | ||||||||
1-Month LIBOR + 1.65%, 1.82% (B), 10/15/2037 (A) | 9,220,000 | 8,804,817 | ||||||
New Residential Mortgage Loan Trust | ||||||||
Series 2014-1A, Class A, | ||||||||
3.75% (B), 01/25/2054 (A) | 1,852,117 | 1,982,009 | ||||||
Series 2014-3A, Class AFX3, | ||||||||
3.75% (B), 11/25/2054 (A) | 2,287,473 | 2,445,684 | ||||||
Series 2016-4A, Class A1, | ||||||||
3.75% (B), 11/25/2056 (A) | 3,956,730 | 4,218,135 | ||||||
Series 2017-3A, Class A1, | ||||||||
4.00% (B), 04/25/2057 (A) | 6,942,151 | 7,458,550 | ||||||
Series 2017-4A, Class A1, | ||||||||
4.00% (B), 05/25/2057 (A) | 4,601,018 | 4,935,955 | ||||||
Series 2017-5A, Class A1, | ||||||||
1-Month LIBOR + 1.50%, 1.67% (B), 06/25/2057 (A) | 5,097,494 | 5,072,937 | ||||||
Series 2018-1A, Class A1A, | ||||||||
4.00% (B), 12/25/2057 (A) | 4,339,296 | 4,643,858 | ||||||
Series 2018-2A, Class A1, | ||||||||
4.50% (B), 02/25/2058 (A) | 6,922,597 | 7,468,418 | ||||||
Series 2018-RPL1, Class A1, | ||||||||
3.50% (B), 12/25/2057 (A) | 4,996,723 | 5,338,229 | ||||||
Series 2019-2A, Class A1, | ||||||||
4.25% (B), 12/25/2057 (A) | 9,004,107 | 9,807,914 | ||||||
Series 2019-3A, Class A1A, | ||||||||
3.75% (B), 11/25/2058 (A) | 7,685,397 | 8,255,981 | ||||||
Series 2019-4A, Class A1B, | ||||||||
3.50% (B), 12/25/2058 (A) | 8,788,925 | 9,307,719 | ||||||
Series 2019-5A, Class A1B, | ||||||||
3.50% (B), 08/25/2059 (A) | 11,894,047 | 12,458,524 | ||||||
Series 2019-RPL2, Class A1, | ||||||||
3.25% (B), 02/25/2059 (A) | 8,755,793 | 9,121,400 | ||||||
RBSSP Resecuritization Trust | ||||||||
Series 2013-2, Class 2A1, | ||||||||
1-Month LIBOR + 0.19%, 0.38% (B), 12/20/2036 (A) | 4,551,431 | 4,448,437 | ||||||
Tharaldson Hotel Portfolio Trust | ||||||||
Series 2018-THL, Class C, | ||||||||
1-Month LIBOR + 1.35%, 1.51% (B), 11/11/2034 (A) | 12,151,204 | 10,989,856 | ||||||
VNDO Mortgage Trust | ||||||||
Series 2013-PENN, Class D, | ||||||||
3.95% (B), 12/13/2029 (A) | 3,596,000 | 3,542,169 | ||||||
|
| |||||||
Total Mortgage-Backed Securities |
| 560,340,261 | ||||||
|
| |||||||
| U.S. GOVERNMENT AGENCY OBLIGATION - 0.0% (F) | ||||||||
Federal Home Loan Mortgage Corp. | ||||||||
12-Month LIBOR + 1.77%, | 318,255 | 320,149 | ||||||
|
| |||||||
Total U.S. Government Agency Obligation |
| 320,149 | ||||||
|
| |||||||
The notes are an integral part of this report. Transamerica Funds | Page 8 |
Transamerica Short-Term Bond
SCHEDULE OF INVESTMENTS (continued)
At July 31, 2020
(unaudited)
| Shares | Value | |||||||
OTHER INVESTMENT COMPANY - 0.6% |
| |||||||
Securities Lending Collateral - 0.6% |
| |||||||
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 0.12% (G) | 17,154,838 | $ 17,154,838 | ||||||
|
| |||||||
Total Other Investment Company |
| 17,154,838 | ||||||
|
| |||||||
| Principal | Value | |||||||
| REPURCHASE AGREEMENT - 2.6% | ||||||||
Fixed Income Clearing Corp., 0.00% (G), dated 07/31/2020, to be repurchased at $80,418,025 on 08/03/2020. Collateralized by U.S. Government Obligations, 0.25% - 1.63%, due 05/31/2023 - 06/15/2023, and with a total value of $82,026,476. | $ 80,418,025 | 80,418,025 | ||||||
|
| |||||||
Total Repurchase Agreement |
| 80,418,025 | ||||||
|
| |||||||
Total Investments |
| 3,093,737,245 | ||||||
Net Other Assets (Liabilities) - (0.0)% (F) | (1,203,857 | ) | ||||||
|
| |||||||
Net Assets - 100.0% | $ 3,092,533,388 | |||||||
|
| |||||||
The notes are an integral part of this report. Transamerica Funds | Page 9 |
Transamerica Short-Term Bond
SCHEDULE OF INVESTMENTS (continued)
At July 31, 2020
(unaudited)
INVESTMENT VALUATION:
Valuation Inputs (H)
| Level 1 - Unadjusted Quoted Prices | Level 2 - Other Significant Observable Inputs | Level 3 - Significant Unobservable Inputs | Value | |||||||||||||
ASSETS |
| |||||||||||||||
Investments |
| |||||||||||||||
Asset-Backed Securities | $ | — | $ | 479,719,218 | $ | — | $ | 479,719,218 | ||||||||
Corporate Debt Securities | — | 1,940,874,290 | — | 1,940,874,290 | ||||||||||||
Foreign Government Obligation | — | 2,347,538 | �� | — | 2,347,538 | |||||||||||
Loan Assignment | — | 12,562,926 | — | 12,562,926 | ||||||||||||
Mortgage-Backed Securities | — | 560,340,261 | — | 560,340,261 | ||||||||||||
U.S. Government Agency Obligation | — | 320,149 | — | 320,149 | ||||||||||||
Other Investment Company | 17,154,838 | — | — | 17,154,838 | ||||||||||||
Repurchase Agreement | — | 80,418,025 | — | 80,418,025 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | $ | 17,154,838 | $ | 3,076,582,407 | $ | — | $ | 3,093,737,245 | ||||||||
|
|
|
|
|
|
|
| |||||||||
FOOTNOTES TO SCHEDULE OF INVESTMENTS:
| (A) | Securities are exempt from registration pursuant to Rule 144A of the Securities Act of 1933. Securities may be resold as transactions exempt from registration, normally to qualified institutional buyers. At July 31, 2020, the total value of 144A securities is $1,538,732,514, representing 49.8% of the Fund’s net assets. | |
| (B) | Floating or variable rate securities. The rates disclosed are as of July 31, 2020. For securities based on a published reference rate and spread, the reference rate and spread are indicated within the description. Variable rate securities with a floor or ceiling feature are disclosed at the inherent rate, where applicable. Certain variable rate securities are not based on a published reference rate and spread, but are determined by the issuer or agent and are based on current market conditions; these securities do not indicate a reference rate and spread in the description. | |
| (C) | All or a portion of the securities are on loan. The total value of all securities on loan is $17,437,453, collateralized by cash collateral of $17,154,838 and non-cash collateral, such as U.S. government securities and irrevocable letters of credit, of $651,000. 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) | Restricted securities. At July 31, 2020, the value of such securities held by the Fund are as follows: |
Investments | Description | Acquisition Date | Acquisition Cost | Value | Value as Percentage of Net Assets | |||||||||||||
Corporate Debt Securities | AT&T, Inc. | 05/29/2020 | $ | 7,553,490 | $ | 7,786,415 | 0.3 | % | ||||||||||
Corporate Debt Securities | Broadcom, Inc. | 05/18/2020 | 12,128,564 | 13,292,832 | 0.4 | |||||||||||||
|
|
|
|
|
| |||||||||||||
Total | $ | 19,682,054 | $ | 21,079,247 | 0.7 | % | ||||||||||||
|
|
|
|
|
| |||||||||||||
| (E) | Step bond. Coupon rate changes in increments to maturity. The rate disclosed is as of July 31, 2020; the maturity date disclosed is the ultimate maturity date. | |
| (F) | Percentage rounds to less than 0.1% or (0.1)%. | |
| (G) | Rates disclosed reflect the yields at July 31, 2020. | |
| (H) | 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:
LIBOR | London Interbank Offered Rate | |
MTN | Medium Term Note | |
SOFR | Secured Overnight Financing Rate |
The notes are an integral part of this report. Transamerica Funds | Page 10 |
Transamerica Short-Term Bond
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:
Asset-backed securities: The fair value of asset-backed securities is estimated based on models that consider the estimated cash flows of each tranche of the entity, establish a benchmark yield, and develop an estimated tranche specific spread to the benchmark yield based on the unique attributes of the tranche. To the extent the inputs are observable and timely, the values would generally be categorized in Level 2 of the fair value hierarchy; otherwise they would be categorized in Level 3.
Corporate debt securities: The fair value of corporate debt securities is estimated using various techniques, which consider recently executed transactions in securities of the issuer or comparable issuers, market price quotations (where observable), bond spreads, fundamental data relating to the issuer, and credit default swap spreads adjusted for any basis difference between cash and derivative instruments. While most corporate debt securities are categorized in Level 2 of the fair value hierarchy, in instances where lower relative weight is placed on transaction prices, quotations, or similar observable inputs, they are categorized in Level 3.
Foreign government obligations: Foreign government obligations are normally valued using a model that incorporates market observable data such as reported sales of similar securities, broker quotes, yields, bids, offers, and reference data. Certain securities are valued by principally using dealer quotations. Foreign government obligations generally are categorized in Level 2 of the fair value hierarchy, or Level 3 if inputs are unobservable.
Loan assignments: Loan assignments are normally valued using an income approach, which projects future cash flows and converts those future cash flows to a present value using a discount rate. The resulting present value reflects the likely fair value of the loan. To the extent the inputs are observable and timely, the values would generally be categorized in Level 2 of the fair value hierarchy; otherwise are categorized in Level 3.
The notes are an integral part of this report. Transamerica Funds | Page 11 |
Transamerica Short-Term Bond
NOTES TO SCHEDULE OF INVESTMENTS (continued)
At July 31, 2020
(unaudited)
Mortgage-backed securities: The fair value of mortgage-backed securities is estimated based on models that consider issuer type, coupon, cash flows, mortgage prepayment projection tables and adjustable rate mortgage evaluations that incorporate index data, periodic life caps and the next coupon reset date. To the extent the inputs are observable and timely, the values would generally be categorized in Level 2 of the fair value hierarchy; otherwise they are categorized in Level 3.
U.S. government agency obligations: U.S. government agency obligations are comprised of two main categories consisting of agency issued debt and mortgage pass-throughs. Generally, agency issued debt securities are valued in a manner similar to U.S. government obligations. Mortgage pass-throughs include to be announced (“TBA”) securities and mortgage pass-through certificates. Generally, TBA securities and mortgage pass-throughs are valued using dealer quotations. Depending on market activity levels and whether quotations or other observable data are used, these securities are typically categorized in Level 2 of the fair value hierarchy; otherwise they would be categorized in Level 3.
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.
Restricted securities: Restricted securities for which quotations are not readily available are valued at fair value. 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 notes are an integral part of this report. Transamerica Funds | Page 12 |