Transamerica Sustainable Bond
SCHEDULE OF INVESTMENTS
At January 31, 2021
(unaudited)
Principal | Value | |||||||
ASSET-BACKED SECURITIES - 11.1% | ||||||||
Helios Issuer LLC | ||||||||
Series 2020-AA, Class A, | ||||||||
2.98%, 06/20/2047 (A) | $ 249,950 | $ 260,278 | ||||||
Loanpal Solar Loan, Ltd. | ||||||||
Series 2020-2GF, Class A, | ||||||||
2.75%, 07/20/2047 (A) | 231,202 | 237,742 | ||||||
Series 2021-1GS, Class A, | ||||||||
2.29%, 01/20/2048 (A) | 100,000 | 100,995 | ||||||
MMAF Equipment Finance LLC | ||||||||
Series 2020-A, Class A5, | ||||||||
1.56%, 10/09/2042 (A) | 186,000 | 189,558 | ||||||
ServiceMaster Funding LLC | ||||||||
Series 2020-1, Class A2II, | ||||||||
3.34%, 01/30/2051 (A) | 125,000 | 128,705 | ||||||
SoFi Professional Loan Program LLC | ||||||||
Series 2016-C, Class B, | ||||||||
3.35% (B), 05/25/2037 (A) | 100,000 | 102,271 | ||||||
Series 2016-D, Class B, | ||||||||
3.23% (B), 01/25/2039 (A) | 100,000 | 103,026 | ||||||
Series 2017-A, Class A2B, | ||||||||
2.40%, 03/26/2040 (A) | 110,509 | 112,047 | ||||||
Series 2019-C, Class BFX, | ||||||||
3.05%, 11/16/2048 (A) | 261,000 | 270,308 | ||||||
Sunnova Sol II Issuer LLC | ||||||||
Series 2020-2A, Class A, | ||||||||
2.73%, 11/01/2055 (A) | 140,000 | 140,604 | ||||||
Towd Point Mortgage Trust | ||||||||
Series 2016-2, Class A1A, | ||||||||
2.75% (B), 08/25/2055 (A) | 205,774 | 207,984 | ||||||
Series 2016-3, Class A1, | ||||||||
2.25% (B), 04/25/2056 (A) | 92,543 | 93,065 | ||||||
Series 2018-3, Class A1, | ||||||||
3.75% (B), 05/25/2058 (A) | 241,868 | 258,107 | ||||||
Series 2018-5, Class A1A, | ||||||||
3.25% (B), 07/25/2058 (A) | 120,827 | 126,259 | ||||||
Vantage Data Centers LLC | ||||||||
Series 2020-1A, Class A2, | ||||||||
1.65%, 09/15/2045 (A) | 180,000 | 180,677 | ||||||
Vivint Solar Financing VII LLC | ||||||||
Series 2020-1A, Class A, | ||||||||
2.21%, 07/31/2051 (A) | 250,000 | 255,058 | ||||||
|
| |||||||
Total Asset-Backed Securities |
| 2,766,684 | ||||||
|
| |||||||
CORPORATE DEBT SECURITIES - 46.3% | ||||||||
Auto Components - 0.4% | ||||||||
BorgWarner, Inc. | ||||||||
4.38%, 03/15/2045 | 90,000 | 102,077 | ||||||
|
| |||||||
Automobiles - 0.3% | ||||||||
Toyota Motor Credit Corp. | ||||||||
3.40%, 04/14/2025, MTN | 70,000 | 77,659 | ||||||
|
| |||||||
Banks - 12.0% | ||||||||
Bank of America Corp. | ||||||||
Fixed until 10/22/2024, | 440,000 | 465,983 | ||||||
Barclays Bank PLC | ||||||||
10.18%, 06/12/2021 (A) | 80,000 | 82,766 | ||||||
CIT Group, Inc. | ||||||||
4.75%, 02/16/2024 | 225,000 | 246,375 |
Principal | Value | |||||||
CORPORATE DEBT SECURITIES (continued) | ||||||||
Banks (continued) | ||||||||
Citigroup, Inc. | ||||||||
Fixed until 05/15/2023, | $ 220,000 | $ 225,593 | ||||||
Huntington National Bank | ||||||||
3.55%, 10/06/2023 | 250,000 | 270,461 | ||||||
ING Groep NV | ||||||||
Fixed until 07/01/2025, | 200,000 | 202,628 | ||||||
Intesa Sanpaolo SpA | ||||||||
3.38%, 01/12/2023 (A) | 200,000 | 208,873 | ||||||
JPMorgan Chase & Co. | ||||||||
Fixed until 09/16/2023, | 279,000 | 280,514 | ||||||
Natwest Group PLC | ||||||||
Fixed until 05/22/2023, | 200,000 | 206,800 | ||||||
PNC Bank NA | ||||||||
4.05%, 07/26/2028 | 250,000 | 293,906 | ||||||
Standard Chartered PLC | ||||||||
Fixed until 10/14/2022, | 204,000 | 206,154 | ||||||
US Bancorp | ||||||||
3.10%, 04/27/2026, MTN | 250,000 | 276,794 | ||||||
|
| |||||||
2,966,847 | ||||||||
|
| |||||||
Biotechnology - 0.5% | ||||||||
AbbVie, Inc. | ||||||||
3.20%, 05/14/2026 | 20,000 | 22,020 | ||||||
4.05%, 11/21/2039 | 20,000 | 23,284 | ||||||
Amgen, Inc. | ||||||||
3.13%, 05/01/2025 | 40,000 | 43,787 | ||||||
Gilead Sciences, Inc. | ||||||||
3.65%, 03/01/2026 | 20,000 | 22,532 | ||||||
|
| |||||||
111,623 | ||||||||
|
| |||||||
Building Products - 0.8% | ||||||||
Cornerstone Building Brands, Inc. | ||||||||
8.00%, 04/15/2026 (A) | 179,000 | 187,055 | ||||||
|
| |||||||
Capital Markets - 0.6% | ||||||||
Morgan Stanley | ||||||||
Fixed until 10/21/2024, | 140,000 | 140,540 | ||||||
|
| |||||||
Chemicals - 2.0% | ||||||||
Huntsman International LLC | ||||||||
4.50%, 05/01/2029 | 80,000 | 92,015 | ||||||
Orbia Advance Corp. SAB de CV | ||||||||
5.88%, 09/17/2044 (C) | 200,000 | 244,853 | ||||||
PPG Industries, Inc. | ||||||||
2.55%, 06/15/2030 | 50,000 | 53,361 | ||||||
Sherwin-Williams Co. | ||||||||
4.50%, 06/01/2047 | 80,000 | 101,951 | ||||||
|
| |||||||
492,180 | ||||||||
|
| |||||||
Commercial Services & Supplies - 0.8% | ||||||||
Covanta Holding Corp. | ||||||||
5.00%, 09/01/2030 | 106,000 | 111,300 | ||||||
Waste Management, Inc. | ||||||||
3.13%, 03/01/2025 | 80,000 | 87,216 | ||||||
|
| |||||||
198,516 | ||||||||
|
|
Transamerica Funds | Page 1 |
Transamerica Sustainable Bond
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2021
(unaudited)
Principal | Value | |||||||
CORPORATE DEBT SECURITIES (continued) | ||||||||
Construction & Engineering - 0.5% | ||||||||
SBA Tower Trust | ||||||||
3.45%, 03/15/2048 (A) | $ 125,000 | $ 132,793 | ||||||
|
| |||||||
Construction Materials - 0.8% | ||||||||
Advanced Drainage Systems, Inc. | ||||||||
5.00%, 09/30/2027 (A) | 190,000 | 199,975 | ||||||
|
| |||||||
Consumer Finance - 0.4% | ||||||||
American Honda Finance Corp. | ||||||||
2.30%, 09/09/2026, MTN | 90,000 | 96,511 | ||||||
|
| |||||||
Containers & Packaging - 0.6% | ||||||||
Cascades, Inc. / Cascades USA, Inc. | ||||||||
5.13%, 01/15/2026 (A) | 59,000 | 62,540 | ||||||
5.38%, 01/15/2028 (A) | 88,000 | 92,950 | ||||||
|
| |||||||
155,490 | ||||||||
|
| |||||||
Diversified Financial Services - 0.6% | ||||||||
USAA Capital Corp. | ||||||||
2.13%, 05/01/2030 (A) | 150,000 | 156,407 | ||||||
|
| |||||||
Diversified Telecommunication Services - 2.6% | ||||||||
Hughes Satellite Systems Corp. | ||||||||
7.63%, 06/15/2021 | 200,000 | 204,316 | ||||||
Network i2i, Ltd. | ||||||||
Fixed until 01/15/2025 (D), | 200,000 | 211,600 | ||||||
Verizon Communications, Inc. | ||||||||
3.88%, 02/08/2029 | 200,000 | 231,203 | ||||||
|
| |||||||
647,119 | ||||||||
|
| |||||||
Electric Utilities - 3.1% | ||||||||
Duke Energy Carolinas LLC | ||||||||
3.95%, 11/15/2028 | 110,000 | 129,989 | ||||||
NextEra Energy Capital Holdings, Inc. | ||||||||
3.55%, 05/01/2027 | 120,000 | 136,571 | ||||||
Niagara Mohawk Power Corp. | ||||||||
1.96%, 06/27/2030 (A) | 70,000 | 71,670 | ||||||
Northern States Power Co. | ||||||||
2.60%, 06/01/2051 | 70,000 | 70,559 | ||||||
Pattern Energy Operations, LP / Pattern Energy Operations, Inc. | ||||||||
4.50%, 08/15/2028 (A) | 221,000 | 233,730 | ||||||
Southern Power Co. | ||||||||
0.90%, 01/15/2026 | 130,000 | 129,859 | ||||||
|
| |||||||
772,378 | ||||||||
|
| |||||||
Equity Real Estate Investment Trusts - 4.9% | ||||||||
American Tower Corp. | ||||||||
3.60%, 01/15/2028 | 80,000 | 89,720 | ||||||
Crown Castle International Corp. | ||||||||
3.30%, 07/01/2030 | 50,000 | 54,774 | ||||||
Digital Realty Trust, LP | ||||||||
3.70%, 08/15/2027 | 140,000 | 160,490 | ||||||
Equinix, Inc. | ||||||||
5.38%, 05/15/2027 | 130,000 | 141,105 | ||||||
Federal Realty Investment Trust | ||||||||
1.25%, 02/15/2026 | 84,000 | 85,007 | ||||||
HAT Holdings I LLC / HAT Holdings II LLC | ||||||||
6.00%, 04/15/2025 (A) | 197,000 | 209,313 | ||||||
Healthpeak Properties, Inc. | ||||||||
3.50%, 07/15/2029 | 90,000 | 101,335 | ||||||
Prologis, LP | ||||||||
3.75%, 11/01/2025 | 130,000 | 146,905 |
Principal | Value | |||||||
CORPORATE DEBT SECURITIES (continued) | ||||||||
Equity Real Estate Investment Trusts (continued) | ||||||||
UDR, Inc. | ||||||||
3.10%, 11/01/2034 | $ 80,000 | $ 87,579 | ||||||
Ventas Realty, LP | ||||||||
3.50%, 02/01/2025 | 130,000 | 142,633 | ||||||
|
| |||||||
1,218,861 | ||||||||
|
| |||||||
Food & Staples Retailing - 1.6% | ||||||||
Kroger Co. | ||||||||
4.50%, 01/15/2029 | 150,000 | 183,093 | ||||||
Sysco Corp. | ||||||||
3.30%, 07/15/2026 - 02/15/2050 | 210,000 | 225,438 | ||||||
|
| |||||||
408,531 | ||||||||
|
| |||||||
Food Products - 1.7% | ||||||||
Danone SA | ||||||||
2.95%, 11/02/2026 (A) | 200,000 | 218,738 | ||||||
Grupo Bimbo SAB de CV | ||||||||
Fixed until 04/17/2023 (D), | 200,000 | 213,712 | ||||||
|
| |||||||
432,450 | ||||||||
|
| |||||||
Health Care Equipment & Supplies - 0.7% | ||||||||
Danaher Corp. | ||||||||
3.35%, 09/15/2025 (E) | 80,000 | 89,071 | ||||||
Koninklijke Philips NV | ||||||||
6.88%, 03/11/2038 | 60,000 | 92,164 | ||||||
|
| |||||||
181,235 | ||||||||
|
| |||||||
Household Durables - 0.3% | ||||||||
D.R. Horton, Inc. | ||||||||
2.60%, 10/15/2025 | 70,000 | 74,943 | ||||||
|
| |||||||
Household Products - 0.7% | ||||||||
Kimberly-Clark Corp. | ||||||||
3.10%, 03/26/2030 | 80,000 | 90,181 | ||||||
Procter & Gamble Co. | ||||||||
2.45%, 11/03/2026 | 80,000 | 87,157 | ||||||
|
| |||||||
177,338 | ||||||||
|
| |||||||
Industrial Conglomerates - 0.5% | ||||||||
Carlisle Cos., Inc. | ||||||||
2.75%, 03/01/2030 | 110,000 | 116,258 | ||||||
|
| |||||||
Interactive Media & Services - 0.2% | ||||||||
Alphabet, Inc. | ||||||||
1.10%, 08/15/2030 | 40,000 | 38,691 | ||||||
|
| |||||||
IT Services - 0.2% | ||||||||
International Business Machines Corp. | ||||||||
3.30%, 01/27/2027 | 35,000 | 39,109 | ||||||
|
| |||||||
Life Sciences Tools & Services - 0.5% | ||||||||
Thermo Fisher Scientific, Inc. | ||||||||
3.20%, 08/15/2027 | 120,000 | 133,862 | ||||||
|
| |||||||
Machinery - 0.3% | ||||||||
Xylem, Inc. | ||||||||
1.95%, 01/30/2028 | 80,000 | 83,338 | ||||||
|
| |||||||
Multi-Utilities - 1.1% | ||||||||
Consolidated Edison Co. of New York, Inc. | ||||||||
3.35%, 04/01/2030 | 110,000 | 123,572 | ||||||
Public Service Co. of Colorado | ||||||||
4.10%, 06/15/2048 | 110,000 | 137,582 | ||||||
|
| |||||||
261,154 | ||||||||
|
|
Transamerica Funds | Page 2 |
Transamerica Sustainable Bond
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2021
(unaudited)
Principal | Value | |||||||
CORPORATE DEBT SECURITIES (continued) | ||||||||
Personal Products - 0.4% | ||||||||
Unilever Capital Corp. | ||||||||
2.00%, 07/28/2026 | $ 100,000 | $ 106,085 | ||||||
|
| |||||||
Pharmaceuticals - 3.0% | ||||||||
AstraZeneca PLC | ||||||||
4.00%, 01/17/2029 | 60,000 | 70,550 | ||||||
Bausch Health Cos., Inc. | ||||||||
5.25%, 01/30/2030 (A) (E) | 189,000 | 195,154 | ||||||
Eli Lilly & Co. | ||||||||
2.75%, 06/01/2025 | 40,000 | 43,457 | ||||||
GlaxoSmithKline Capital, Inc. | ||||||||
3.63%, 05/15/2025 | 40,000 | 44,588 | ||||||
Merck & Co., Inc. | ||||||||
3.70%, 02/10/2045 | 40,000 | 47,525 | ||||||
Pfizer, Inc. | ||||||||
4.20%, 09/15/2048 | 40,000 | 51,075 | ||||||
Sanofi | ||||||||
3.38%, 06/19/2023 | 40,000 | 42,794 | ||||||
Takeda Pharmaceutical Co., Ltd. | ||||||||
5.00%, 11/26/2028 | 200,000 | 246,941 | ||||||
|
| |||||||
742,084 | ||||||||
|
| |||||||
Semiconductors & Semiconductor Equipment - 0.9% | ||||||||
Intel Corp. | ||||||||
3.73%, 12/08/2047 | 140,000 | 161,508 | ||||||
NXP BV / NXP Funding LLC / NXP USA, Inc. | ||||||||
3.40%, 05/01/2030 (A) | 50,000 | 55,771 | ||||||
|
| |||||||
217,279 | ||||||||
|
| |||||||
Software - 0.6% | ||||||||
Microsoft Corp. | ||||||||
3.30%, 02/06/2027 | 130,000 | 147,621 | ||||||
|
| |||||||
Technology Hardware, Storage & Peripherals - 1.5% | ||||||||
Apple, Inc. | ||||||||
3.00%, 06/20/2027 | 130,000 | 145,857 | ||||||
Dell International LLC / EMC Corp. | ||||||||
6.02%, 06/15/2026 (A) | 70,000 | 84,408 | ||||||
6.20%, 07/15/2030 (A) | 70,000 | 89,402 | ||||||
Hewlett Packard Enterprise Co. | ||||||||
4.90%, 10/15/2025 | 40,000 | 46,536 | ||||||
|
| |||||||
366,203 | ||||||||
|
| |||||||
Trading Companies & Distributors - 0.7% | ||||||||
Boise Cascade Co. | ||||||||
4.88%, 07/01/2030 (A) | 157,000 | 170,541 | ||||||
|
| |||||||
Water Utilities - 0.5% | ||||||||
American Water Capital Corp. | ||||||||
3.45%, 06/01/2029 | 110,000 | 124,950 | ||||||
|
| |||||||
Total Corporate Debt Securities |
| 11,477,703 | ||||||
|
| |||||||
FOREIGN GOVERNMENT OBLIGATIONS - 1.5% | ||||||||
Chile - 0.7% | ||||||||
Chile Government International Bond | ||||||||
3.63%, 10/30/2042 | 150,000 | 169,351 | ||||||
|
| |||||||
Panama - 0.3% | ||||||||
Panama Government International Bond | ||||||||
6.70%, 01/26/2036 | 53,000 | 76,056 | ||||||
|
|
Principal | Value | |||||||
FOREIGN GOVERNMENT OBLIGATIONS (continued) | ||||||||
Uruguay - 0.5% | ||||||||
Uruguay Government International Bond | ||||||||
4.38%, 10/27/2027 | $ 113,000 | $ 132,040 | ||||||
|
| |||||||
Total Foreign Government Obligations |
| 377,447 | ||||||
|
| |||||||
LOAN ASSIGNMENTS - 1.4% | ||||||||
Commercial Services & Supplies - 0.4% | ||||||||
GFL Environmental, Inc. | ||||||||
Term Loan, | ||||||||
TBD, 05/30/2025 (F) (G) | 90,000 | 90,289 | ||||||
|
| |||||||
Communications Equipment - 0.4% | ||||||||
Avaya, Inc. | ||||||||
Term Loan B, | ||||||||
TBD, 12/15/2027 (F) (G) | 90,000 | 89,906 | ||||||
|
| |||||||
IT Services - 0.3% | ||||||||
Rackspace Hosting, Inc. | ||||||||
1st Lien Term Loan, | ||||||||
3-Month LIBOR + 3.00%, | 83,783 | 83,760 | ||||||
|
| |||||||
Machinery - 0.3% | ||||||||
Vertiv Group Corp. | ||||||||
Term Loan B, | ||||||||
1-Month LIBOR + 3.00%, | 89,774 | 89,886 | ||||||
|
| |||||||
Total Loan Assignments |
| 353,841 | ||||||
|
| |||||||
MORTGAGE-BACKED SECURITIES - 10.3% | ||||||||
280 Park Avenue Mortgage Trust | ||||||||
Series 2017-280P, Class E, | ||||||||
1-Month LIBOR + 2.12%, | 145,000 | 143,369 | ||||||
BBCMS Trust | ||||||||
Series 2015-MSQ, Class B, | ||||||||
3.89%, 09/15/2032 (A) | 200,000 | 207,152 | ||||||
Benchmark Mortgage Trust | ||||||||
Series 2020-IG3, Class B, | ||||||||
3.39% (B), 09/15/2048 (A) | 175,000 | 188,127 | ||||||
CAMB Commercial Mortgage Trust | ||||||||
Series 2019-LIFE, Class D, | ||||||||
1-Month LIBOR + 1.75%, | 115,000 | 115,211 | ||||||
Eleven Madison Mortgage Trust | ||||||||
Series 2015-11MD, Class A, | ||||||||
3.55% (B), 09/10/2035 (A) | 253,000 | 279,386 | ||||||
Grace Trust | ||||||||
Series 2020-GRCE, Class D, | ||||||||
2.68% (B), 12/10/2040 (A) | 250,000 | 251,623 | ||||||
Hudson Yards Mortgage Trust | ||||||||
Series 2019-55HY, Class A, | ||||||||
2.94% (B), 12/10/2041 (A) | 250,000 | 275,017 | ||||||
JPMorgan Chase Commercial Mortgage Securities Trust | ||||||||
Series 2019-OSB, Class A, | ||||||||
3.40%, 06/05/2039 (A) | 200,000 | 225,914 | ||||||
Series 2019-OSB, Class C, | ||||||||
3.75% (B), 06/05/2039 (A) | 56,000 | 61,382 |
Transamerica Funds | Page 3 |
Transamerica Sustainable Bond
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2021
(unaudited)
Principal | Value | |||||||
MORTGAGE-BACKED SECURITIES (continued) | ||||||||
Manhattan West Mortgage Trust | ||||||||
Series 2020-1MW, Class B, | ||||||||
2.34% (B), 09/10/2039 (A) | $ 185,000 | $ 193,034 | ||||||
One Bryant Park Trust | ||||||||
Series 2019-OBP, Class A, | ||||||||
2.52%, 09/15/2054 (A) | 160,000 | 169,877 | ||||||
Towd Point Mortgage Trust | ||||||||
Series 2019-4, Class A1, | ||||||||
2.90% (B), 10/25/2059 (A) | 237,410 | 250,194 | ||||||
Worldwide Plaza Trust | ||||||||
Series 2017-WWP, Class A, | ||||||||
3.53%, 11/10/2036 (A) | 170,000 | 189,852 | ||||||
|
| |||||||
Total Mortgage-Backed Securities |
| 2,550,138 | ||||||
|
| |||||||
U.S. GOVERNMENT AGENCY OBLIGATIONS - 17.8% | ||||||||
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates | ||||||||
3.51%, 03/25/2029 | 225,000 | 263,336 | ||||||
3.90%, 04/25/2028 | 418,000 | 497,597 | ||||||
Federal National Mortgage Association | ||||||||
0.88%, 08/05/2030 | 239,000 | 231,594 | ||||||
Uniform Mortgage-Backed Security | ||||||||
2.00%, TBA (F) | 1,100,000 | 1,132,828 | ||||||
2.50%, TBA (F) | 2,180,000 | 2,291,562 | ||||||
|
| |||||||
Total U.S. Government Agency Obligations |
| 4,416,917 | ||||||
|
| |||||||
U.S. GOVERNMENT OBLIGATIONS - 6.5% | ||||||||
U.S. Treasury - 6.5% | ||||||||
U.S. Treasury Bond | ||||||||
1.25%, 05/15/2050 | 1,702,000 | 1,466,380 | ||||||
U.S. Treasury Note | ||||||||
0.13%, 07/31/2022 | 99,000 | 99,019 | ||||||
0.88%, 11/15/2030 (E) | 50,000 | 48,992 | ||||||
|
| |||||||
Total U.S. Government Obligations |
| 1,614,391 | ||||||
|
| |||||||
COMMERCIAL PAPER - 14.1% | ||||||||
Banks - 5.1% | ||||||||
DnB Bank ASA | ||||||||
0.13% (H), 04/09/2021 | 250,000 | 249,945 | ||||||
National Australia Bank, Ltd. | ||||||||
0.13% (H), 02/01/2021 | 1,000,000 | 999,993 | ||||||
|
| |||||||
1,249,938 | ||||||||
|
| |||||||
Consumer Finance - 4.0% | ||||||||
American Honda Finance Corp. | ||||||||
0.30% (H), 04/09/2021 | 1,000,000 | 999,489 | ||||||
|
| |||||||
Health Care Providers & Services - 4.0% | ||||||||
Roche Holdings, Inc. | ||||||||
0.07% (H), 02/26/2021 | 250,000 | 249,984 | ||||||
0.10% (H), 05/21/2021 | 750,000 | 749,732 | ||||||
|
| |||||||
999,716 | ||||||||
|
| |||||||
Household Products - 1.0% | ||||||||
Procter & Gamble Co. | ||||||||
0.15% (H), 04/20/2021 | 250,000 | 249,957 | ||||||
|
| |||||||
Total Commercial Paper |
| 3,499,100 | ||||||
|
|
Shares | Value | |||||||
OTHER INVESTMENT COMPANY - 0.2% | ||||||||
Securities Lending Collateral - 0.2% | ||||||||
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 0.06% (H) | 50,125 | $ 50,125 | ||||||
|
| |||||||
Total Other Investment Company |
| 50,125 | ||||||
|
| |||||||
Total Investments |
| 27,106,346 | ||||||
Net Other Assets (Liabilities) - (9.2)% | (2,291,580 | ) | ||||||
|
| |||||||
Net Assets - 100.0% | $ 24,814,766 | |||||||
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Transamerica Funds | Page 4 |
Transamerica Sustainable Bond
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2021
(unaudited)
INVESTMENT VALUATION:
Valuation Inputs (I)
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Significant Observable Inputs | Level 3 - Significant Unobservable Inputs | Value | |||||||||||||
ASSETS |
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Investments | ||||||||||||||||
Asset-Backed Securities | $ | — | $ | 2,766,684 | $ | — | $ | 2,766,684 | ||||||||
Corporate Debt Securities | — | 11,477,703 | — | 11,477,703 | ||||||||||||
Foreign Government Obligations | — | 377,447 | — | 377,447 | ||||||||||||
Loan Assignments | — | 353,841 | — | 353,841 | ||||||||||||
Mortgage-Backed Securities | — | 2,550,138 | — | 2,550,138 | ||||||||||||
U.S. Government Agency Obligations | — | 4,416,917 | — | 4,416,917 | ||||||||||||
U.S. Government Obligations | — | 1,614,391 | — | 1,614,391 | ||||||||||||
Commercial Paper | — | 3,499,100 | — | 3,499,100 | ||||||||||||
Other Investment Company | 50,125 | — | — | 50,125 | ||||||||||||
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Total Investments | $ | 50,125 | $ | 27,056,221 | $ | — | $ | 27,106,346 | ||||||||
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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 January 31, 2021, the total value of 144A securities is $8,177,690, representing 33.0% of the Fund’s net assets. | |
(B) | Floating or variable rate securities. The rates disclosed are as of January 31, 2021. 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) | Securities are exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside the United States. Securities 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. At January 31, 2021, the total value of Regulation S securities is $670,165, representing 2.7% of the Fund’s net assets. | |
(D) | Perpetual maturity. The date displayed is the next call date. | |
(E) | All or a portion of the securities are on loan. The total value of all securities on loan is $335,999, collateralized by cash collateral of $50,125 and non-cash collateral, such as U.S. government securities and irrevocable letters of credit, of $292,810. 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) | When-issued, delayed-delivery and/or forward commitment (including TBAs) securities. Securities to be settled and delivered after January 31, 2021. Securities may display a coupon rate of 0.00%, as the rate is to be determined at time of settlement. | |
(G) | All or a portion of the security represents unsettled loan commitments at January 31, 2021 where the rate will be determined at time of settlement. | |
(H) | Rates disclosed reflect the yields at January 31, 2021. | |
(I) | There were no transfers in or out of Level 3 during the period ended January 31, 2021. 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 | |
TBA | To Be Announced | |
TBD | To Be Determined |
Transamerica Funds | Page 5 |
Transamerica Sustainable Bond
NOTES TO SCHEDULE OF INVESTMENTS
At January 31, 2021
(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 January 31, 2021, 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.
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.
Transamerica Funds | Page 6 |
Transamerica Sustainable Bond
NOTES TO SCHEDULE OF INVESTMENTS (continued)
At January 31, 2021
(unaudited)
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.
U.S. government obligations: U.S. 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. U.S. government obligations generally are categorized in Level 2 of the fair value hierarchy, or Level 3 if inputs are unobservable.
Commercial paper: Commercial paper is valued using amortized cost, which approximates fair value. The values are generally categorized in Level 2 of the fair value hierarchy, 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 actively traded NAV and no valuation adjustments are applied. Securities lending collateral is categorized in Level 1 of the fair value hierarchy.
Transamerica Funds | Page 7 |