Transamerica High Yield ESG
SCHEDULE OF INVESTMENTS
At January 31, 2021
(unaudited)
| Principal | Value | |||||||
| CORPORATE DEBT SECURITIES - 95.4% | ||||||||
| Aerospace & Defense - 0.3% | ||||||||
Bombardier, Inc. | ||||||||
7.50%, 03/15/2025 (A) | $ 65,000 | $ 60,856 | ||||||
|
| |||||||
| Auto Components - 1.4% | ||||||||
Dana, Inc. | ||||||||
5.63%, 06/15/2028 (B) | 140,000 | 149,274 | ||||||
Goodyear Tire & Rubber Co. | ||||||||
4.88%, 03/15/2027 (B) | 40,000 | 40,788 | ||||||
9.50%, 05/31/2025 | 45,000 | 50,344 | ||||||
Patrick Industries, Inc. | ||||||||
7.50%, 10/15/2027 (A) | 45,000 | 49,163 | ||||||
|
| |||||||
| 289,569 | ||||||||
|
| |||||||
| Banks - 3.2% | ||||||||
Barclays PLC | ||||||||
Fixed until 09/15/2023 (C), | 200,000 | 217,790 | ||||||
CIT Group, Inc. | ||||||||
4.75%, 02/16/2024 | 55,000 | 60,225 | ||||||
Citigroup, Inc. | ||||||||
Fixed until 12/10/2025 (C), | 18,000 | 18,248 | ||||||
Fixed until 09/12/2024 (C), | 60,000 | 62,212 | ||||||
JPMorgan Chase & Co. | ||||||||
Fixed until 02/01/2025 (C), | 100,000 | 102,900 | ||||||
Societe Generale SA | ||||||||
Fixed until 09/13/2021 (C), | 200,000 | 205,250 | ||||||
|
| |||||||
| 666,625 | ||||||||
|
| |||||||
| Beverages - 1.1% | ||||||||
Primo Water Holdings, Inc. | ||||||||
5.50%, 04/01/2025 (A) | 220,000 | 226,668 | ||||||
|
| |||||||
| Building Products - 1.9% | ||||||||
Builders FirstSource, Inc. | ||||||||
5.00%, 03/01/2030 (A) | 60,000 | 64,125 | ||||||
6.75%, 06/01/2027 (A) | 80,000 | 86,100 | ||||||
Cornerstone Building Brands, Inc. | ||||||||
6.13%, 01/15/2029 (A) | 12,000 | 12,540 | ||||||
8.00%, 04/15/2026 (A) | 220,000 | 229,900 | ||||||
|
| |||||||
| 392,665 | ||||||||
|
| |||||||
| Capital Markets - 1.0% | ||||||||
Credit Suisse Group AG | ||||||||
Fixed until 07/17/2023 (C), | 200,000 | 217,696 | ||||||
|
| |||||||
| Chemicals - 0.3% | ||||||||
Hexion, Inc. | ||||||||
7.88%, 07/15/2027 (A) | 50,000 | 53,438 | ||||||
|
| |||||||
| Commercial Services & Supplies - 3.9% | ||||||||
Ashtead Capital, Inc. | ||||||||
5.25%, 08/01/2026 (A) | 200,000 | 211,166 | ||||||
Avis Budget Car Rental LLC / Avis Budget Finance, Inc. | ||||||||
6.38%, 04/01/2024 (A) (B) | 120,000 | 121,200 | ||||||
Covanta Holding Corp. | ||||||||
5.00%, 09/01/2030 | 14,000 | 14,700 | ||||||
FXI Holdings, Inc. | ||||||||
12.25%, 11/15/2026 (A) | 30,000 | 33,863 | ||||||
Garda World Security Corp. | ||||||||
4.63%, 02/15/2027 (A) | 100,000 | 101,500 | ||||||
8.75%, 05/15/2025 (A) | 40,000 | 41,400 | ||||||
| Principal | Value | |||||||
| CORPORATE DEBT SECURITIES (continued) | ||||||||
| Commercial Services & Supplies (continued) | ||||||||
Harsco Corp. | ||||||||
5.75%, 07/31/2027 (A) | $ 110,000 | $ 113,987 | ||||||
Herc Holdings, Inc. | ||||||||
5.50%, 07/15/2027 (A) | 75,000 | 79,065 | ||||||
Stericycle, Inc. | ||||||||
5.38%, 07/15/2024 (A) | 95,000 | 98,444 | ||||||
|
| |||||||
| 815,325 | ||||||||
|
| |||||||
| Communications Equipment - 2.8% | ||||||||
Avaya, Inc. | ||||||||
6.13%, 09/15/2028 (A) | 84,000 | 89,460 | ||||||
CommScope Technologies LLC | ||||||||
6.00%, 06/15/2025 (A) | 163,000 | 166,260 | ||||||
CommScope, Inc. | ||||||||
5.50%, 03/01/2024 (A) | 78,000 | 80,145 | ||||||
6.00%, 03/01/2026 (A) | 90,000 | 95,287 | ||||||
Nokia OYJ | ||||||||
3.38%, 06/12/2022 | 150,000 | 154,875 | ||||||
|
| |||||||
| 586,027 | ||||||||
|
| |||||||
| Construction & Engineering - 1.3% | ||||||||
Ashton Woods USA LLC / Ashton Woods Finance Co. | ||||||||
6.63%, 01/15/2028 (A) | 80,000 | 84,600 | ||||||
9.88%, 04/01/2027 (A) | 120,000 | 135,000 | ||||||
Taylor Morrison Communities, Inc. | ||||||||
5.88%, 06/15/2027 (A) | 50,000 | 56,486 | ||||||
|
| |||||||
| 276,086 | ||||||||
|
| |||||||
| Construction Materials - 1.8% | ||||||||
Advanced Drainage Systems, Inc. | ||||||||
5.00%, 09/30/2027 (A) | 230,000 | 242,075 | ||||||
Norbord, Inc. | ||||||||
6.25%, 04/15/2023 (A) | 130,000 | 140,725 | ||||||
|
| |||||||
| 382,800 | ||||||||
|
| |||||||
| Consumer Finance - 1.2% | ||||||||
Ally Financial, Inc. | ||||||||
3.88%, 05/21/2024 | 75,000 | 81,814 | ||||||
5.75%, 11/20/2025 | 60,000 | 69,817 | ||||||
OneMain Finance Corp. | ||||||||
7.13%, 03/15/2026 | 85,000 | 99,450 | ||||||
|
| |||||||
| 251,081 | ||||||||
|
| |||||||
| Containers & Packaging - 2.2% | ||||||||
Cascades, Inc. / Cascades USA, Inc. | ||||||||
5.13%, 01/15/2026 (A) | 135,000 | 143,100 | ||||||
5.38%, 01/15/2028 (A) | 137,000 | 144,706 | ||||||
Graphic Packaging International LLC | ||||||||
3.50%, 03/15/2028 (A) (B) | 100,000 | 104,250 | ||||||
3.50%, 03/01/2029 (A) | 8,000 | 8,190 | ||||||
Greif, Inc. | ||||||||
6.50%, 03/01/2027 (A) | 55,000 | 58,644 | ||||||
|
| |||||||
| 458,890 | ||||||||
|
| |||||||
| Diversified Financial Services - 2.8% | ||||||||
AerCap Ireland Capital DAC / AerCap Global Aviation Trust | ||||||||
6.50%, 07/15/2025 | 150,000 | 177,423 | ||||||
DAE Funding LLC | ||||||||
4.50%, 08/01/2022 (A) | 80,000 | 80,544 | ||||||
Dana Financing SARL | ||||||||
5.75%, 04/15/2025 (A) (B) | 140,000 | 144,375 | ||||||
Transamerica Funds | Page 1 |
Transamerica High Yield ESG
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2021
(unaudited)
| Principal | Value | |||||||
| CORPORATE DEBT SECURITIES (continued) | ||||||||
| Diversified Financial Services (continued) | ||||||||
Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp. | ||||||||
5.25%, 03/15/2022 - 10/01/2025 (A) | $ 80,000 | $ 80,100 | ||||||
United Shore Financial Services LLC | ||||||||
5.50%, 11/15/2025 (A) | 94,000 | 98,935 | ||||||
|
| |||||||
| 581,377 | ||||||||
|
| |||||||
| Diversified Telecommunication Services - 4.8% | ||||||||
Frontier Communications Corp. | ||||||||
5.00%, 05/01/2028 (A) | 80,000 | 83,000 | ||||||
Hughes Satellite Systems Corp. | ||||||||
6.63%, 08/01/2026 (B) | 125,000 | 141,296 | ||||||
7.63%, 06/15/2021 | 130,000 | 132,806 | ||||||
Level 3 Financing, Inc. | ||||||||
3.63%, 01/15/2029 (A) | 18,000 | 17,910 | ||||||
3.75%, 07/15/2029 (A) | 11,000 | 11,061 | ||||||
4.25%, 07/01/2028 (A) | 145,000 | 149,031 | ||||||
5.38%, 01/15/2024 | 100,000 | 100,090 | ||||||
Lumen Technologies, Inc. | ||||||||
5.13%, 12/15/2026 (A) (B) | 185,000 | 196,725 | ||||||
7.50%, 04/01/2024 | 60,000 | 67,638 | ||||||
Switch, Ltd. | ||||||||
3.75%, 09/15/2028 (A) | 36,000 | 36,761 | ||||||
Zayo Group Holdings, Inc. | ||||||||
4.00%, 03/01/2027 (A) | 60,000 | 60,169 | ||||||
|
| |||||||
| 996,487 | ||||||||
|
| |||||||
| Electric Utilities - 3.2% | ||||||||
DPL, Inc. | ||||||||
4.13%, 07/01/2025 (A) | 115,000 | 122,762 | ||||||
NextEra Energy Operating Partners, LP | ||||||||
4.25%, 07/15/2024 (A) | 95,000 | 100,710 | ||||||
Pattern Energy Operations, LP / Pattern Energy Operations, Inc. | ||||||||
4.50%, 08/15/2028 (A) | 425,000 | 449,480 | ||||||
|
| |||||||
| 672,952 | ||||||||
|
| |||||||
| Electronic Equipment, Instruments & Components - 1.2% | ||||||||
Sensata Technologies BV | ||||||||
4.88%, 10/15/2023 (A) | 95,000 | 101,888 | ||||||
Sensata Technologies, Inc. | ||||||||
4.38%, 02/15/2030 (A) (B) | 130,000 | 139,912 | ||||||
|
| |||||||
| 241,800 | ||||||||
|
| |||||||
| Energy Equipment & Services - 1.0% | ||||||||
CSI Compressco, LP / CSI Compressco Finance, Inc. | ||||||||
7.50%, 04/01/2025 (A) | 45,000 | 43,512 | ||||||
Enviva Partners, LP / Enviva Partners Finance Corp. | ||||||||
6.50%, 01/15/2026 (A) | 62,000 | 65,320 | ||||||
USA Compression Partners, LP / USA Compression Finance Corp. | ||||||||
6.88%, 09/01/2027 | 100,000 | 106,734 | ||||||
|
| |||||||
| 215,566 | ||||||||
|
| |||||||
| Entertainment - 0.4% | ||||||||
Netflix, Inc. | ||||||||
4.88%, 06/15/2030 (A) (B) | 70,000 | 84,610 | ||||||
|
| |||||||
| Equity Real Estate Investment Trusts - 5.9% | ||||||||
Equinix, Inc. | ||||||||
5.38%, 05/15/2027 | 115,000 | 124,824 | ||||||
HAT Holdings I LLC / HAT Holdings II LLC | ||||||||
6.00%, 04/15/2025 (A) | 215,000 | 228,437 | ||||||
| Principal | Value | |||||||
| CORPORATE DEBT SECURITIES (continued) | ||||||||
| Equity Real Estate Investment Trusts (continued) | ||||||||
Iron Mountain, Inc. | ||||||||
4.50%, 02/15/2031 (A) | $ 15,000 | $ 15,338 | ||||||
5.25%, 03/15/2028 (A) | 215,000 | 226,287 | ||||||
iStar, Inc. | ||||||||
5.50%, 02/15/2026 | 37,000 | 37,463 | ||||||
MPT Operating Partnership, LP / MPT Finance Corp. | ||||||||
3.50%, 03/15/2031 | 153,000 | 155,082 | ||||||
Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co-Issuer | ||||||||
5.88%, 10/01/2028 (A) | 48,000 | 50,280 | ||||||
SBA Communications Corp. | ||||||||
3.13%, 02/01/2029 (A) | 63,000 | 63,039 | ||||||
3.88%, 02/15/2027 | 55,000 | 57,435 | ||||||
4.00%, 10/01/2022 | 115,000 | 116,196 | ||||||
4.88%, 09/01/2024 | 95,000 | 97,528 | ||||||
Service Properties Trust | ||||||||
4.35%, 10/01/2024 | 45,000 | 44,192 | ||||||
|
| |||||||
| 1,216,101 | ||||||||
|
| |||||||
| Food & Staples Retailing - 1.3% | ||||||||
Albertsons Cos., Inc. / Safeway, Inc. / New Albertsons, LP | ||||||||
4.63%, 01/15/2027 (A) | 150,000 | 157,194 | ||||||
Rite Aid Corp. | ||||||||
7.50%, 07/01/2025 (A) | 100,000 | 105,250 | ||||||
|
| |||||||
| 262,444 | ||||||||
|
| |||||||
| Food Products - 3.7% | ||||||||
B&G Foods, Inc. | ||||||||
5.25%, 09/15/2027 | 65,000 | 68,413 | ||||||
Darling Ingredients, Inc. | ||||||||
5.25%, 04/15/2027 (A) | 205,000 | 216,787 | ||||||
Kraft Heinz Foods Co. | ||||||||
3.88%, 05/15/2027 | 120,000 | 131,286 | ||||||
4.88%, 10/01/2049 | 90,000 | 100,909 | ||||||
Post Holdings, Inc. | ||||||||
4.63%, 04/15/2030 (A) | 121,000 | 126,019 | ||||||
5.00%, 08/15/2026 (A) | 115,000 | 118,626 | ||||||
|
| |||||||
| 762,040 | ||||||||
|
| |||||||
| Health Care Providers & Services - 3.4% | ||||||||
AdaptHealth LLC | ||||||||
4.63%, 08/01/2029 (A) | 5,000 | 5,119 | ||||||
6.13%, 08/01/2028 (A) | 115,000 | 123,625 | ||||||
DaVita, Inc. | ||||||||
3.75%, 02/15/2031 (A) | 58,000 | 57,529 | ||||||
4.63%, 06/01/2030 (A) | 75,000 | 78,840 | ||||||
Encompass Health Corp. | ||||||||
4.63%, 04/01/2031 | 5,000 | 5,312 | ||||||
4.75%, 02/01/2030 | 140,000 | 150,582 | ||||||
HCA, Inc. | ||||||||
3.50%, 09/01/2030 | 145,000 | 150,318 | ||||||
5.88%, 02/15/2026 | 85,000 | 97,219 | ||||||
Tenet Healthcare Corp. | ||||||||
6.13%, 10/01/2028 (A) | 38,000 | 39,805 | ||||||
|
| |||||||
| 708,349 | ||||||||
|
| |||||||
| Hotels, Restaurants & Leisure - 7.5% | ||||||||
Boyd Gaming Corp. | ||||||||
4.75%, 12/01/2027 | 79,000 | 81,271 | ||||||
Boyne USA, Inc. | ||||||||
7.25%, 05/01/2025 (A) | 140,000 | 145,950 | ||||||
GLP Capital, LP / GLP Financing II, Inc. | ||||||||
5.25%, 06/01/2025 | 110,000 | 124,498 | ||||||
Transamerica Funds | Page 2 |
Transamerica High Yield ESG
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2021
(unaudited)
| Principal | Value | |||||||
| CORPORATE DEBT SECURITIES (continued) | ||||||||
| Hotels, Restaurants & Leisure (continued) | ||||||||
Hilton Domestic Operating Co., Inc. | ||||||||
4.88%, 01/15/2030 (B) | $ 190,000 | $ 204,806 | ||||||
5.13%, 05/01/2026 | 190,000 | 196,973 | ||||||
Marriott Ownership Resorts, Inc. / ILG LLC | ||||||||
6.50%, 09/15/2026 | 200,000 | 208,032 | ||||||
NCL Corp., Ltd. | ||||||||
3.63%, 12/15/2024 (A) | 85,000 | 75,225 | ||||||
5.88%, 03/15/2026 (A) | 13,000 | 12,870 | ||||||
10.25%, 02/01/2026 (A) | 50,000 | 57,750 | ||||||
12.25%, 05/15/2024 (A) | 30,000 | 35,063 | ||||||
Royal Caribbean Cruises, Ltd. | ||||||||
10.88%, 06/01/2023 (A) | 65,000 | 73,287 | ||||||
Viking Cruises, Ltd. | ||||||||
6.25%, 05/15/2025 (A) | 150,000 | 146,250 | ||||||
Wyndham Destinations, Inc. | ||||||||
5.65%, 04/01/2024 (B) | 100,000 | 107,000 | ||||||
6.60%, 10/01/2025 | 75,000 | 83,437 | ||||||
|
| |||||||
| 1,552,412 | ||||||||
|
| |||||||
| Household Durables - 4.5% | ||||||||
Beazer Homes USA, Inc. | ||||||||
7.25%, 10/15/2029 | 45,000 | 50,513 | ||||||
Century Communities, Inc. | ||||||||
5.88%, 07/15/2025 | 238,000 | 247,520 | ||||||
KB Home | ||||||||
4.80%, 11/15/2029 | 70,000 | 77,102 | ||||||
7.63%, 05/15/2023 | 100,000 | 110,250 | ||||||
Lennar Corp. | ||||||||
5.00%, 06/15/2027 | 112,000 | 132,860 | ||||||
MDC Holdings, Inc. | ||||||||
2.50%, 01/15/2031 | 105,000 | 104,737 | ||||||
Meritage Homes Corp. | ||||||||
5.13%, 06/06/2027 | 45,000 | 50,558 | ||||||
6.00%, 06/01/2025 | 37,000 | 41,856 | ||||||
Newell Brands, Inc. | ||||||||
4.88%, 06/01/2025 | 110,000 | 121,137 | ||||||
|
| |||||||
| 936,533 | ||||||||
|
| |||||||
| Independent Power & Renewable Electricity Producers - 2.0% | ||||||||
Calpine Corp. | ||||||||
4.50%, 02/15/2028 (A) | 85,000 | 87,444 | ||||||
5.00%, 02/01/2031 (A) | 90,000 | 92,475 | ||||||
Clearway Energy Operating LLC | ||||||||
4.75%, 03/15/2028 (A) | 215,000 | 231,417 | ||||||
|
| |||||||
| 411,336 | ||||||||
|
| |||||||
| Insurance - 0.7% | ||||||||
Hartford Financial Services Group, Inc. | ||||||||
3-Month LIBOR + 2.13%, | 60,000 | 55,193 | ||||||
Lincoln National Corp. | ||||||||
3-Month LIBOR + 2.36%, | 110,000 | 92,812 | ||||||
|
| |||||||
| 148,005 | ||||||||
|
| |||||||
| Internet & Direct Marketing Retail - 0.5% | ||||||||
Expedia Group, Inc. | ||||||||
6.25%, 05/01/2025 (A) | 90,000 | 104,008 | ||||||
|
| |||||||
| IT Services - 0.3% | ||||||||
Gartner, Inc. | ||||||||
3.75%, 10/01/2030 (A) | 17,000 | 17,531 | ||||||
4.50%, 07/01/2028 (A) | 50,000 | 52,735 | ||||||
|
| |||||||
| 70,266 | ||||||||
|
| |||||||
| Principal | Value | |||||||
| CORPORATE DEBT SECURITIES (continued) | ||||||||
| Leisure Products - 0.4% | ||||||||
Mattel, Inc. | ||||||||
6.75%, 12/31/2025 (A) | $ 75,000 | $ 78,773 | ||||||
|
| |||||||
| Machinery - 1.2% | ||||||||
Colfax Corp. | ||||||||
6.00%, 02/15/2024 (A) | 45,000 | 46,462 | ||||||
Meritor, Inc. | ||||||||
6.25%, 06/01/2025 (A) | 190,000 | 202,350 | ||||||
|
| |||||||
| 248,812 | ||||||||
|
| |||||||
| Media - 11.1% | ||||||||
AMC Networks, Inc. | ||||||||
4.25%, 02/15/2029 (E) | 61,000 | 60,924 | ||||||
CCO Holdings LLC / CCO Holdings Capital Corp. | ||||||||
4.25%, 02/01/2031 (A) | 75,000 | 77,063 | ||||||
5.00%, 02/01/2028 (A) | 75,000 | 78,787 | ||||||
5.75%, 02/15/2026 (A) | 120,000 | 123,816 | ||||||
Clear Channel Worldwide Holdings, Inc. | ||||||||
5.13%, 08/15/2027 (A) | 65,000 | 66,381 | ||||||
9.25%, 02/15/2024 (F) | 15,000 | 15,586 | ||||||
Diamond Sports Group LLC / Diamond Sports Finance Co. | ||||||||
5.38%, 08/15/2026 (A) | 60,000 | 48,450 | ||||||
DISH DBS Corp. | ||||||||
5.88%, 07/15/2022 | 85,000 | 88,516 | ||||||
7.75%, 07/01/2026 (B) | 70,000 | 76,475 | ||||||
EW Scripps Co. | ||||||||
5.13%, 05/15/2025 (A) | 80,000 | 81,600 | ||||||
Gray Television, Inc. | ||||||||
4.75%, 10/15/2030 (A) | 50,000 | 49,875 | ||||||
7.00%, 05/15/2027 (A) (B) | 90,000 | 98,365 | ||||||
iHeartCommunications, Inc. | ||||||||
6.38%, 05/01/2026 | 100,000 | 106,531 | ||||||
8.38%, 05/01/2027 | 39,000 | 41,598 | ||||||
Lamar Media Corp. | ||||||||
3.63%, 01/15/2031 (A) | 21,000 | 21,184 | ||||||
LCPR Senior Secured Financing DAC | ||||||||
6.75%, 10/15/2027 (A) | 200,000 | 215,556 | ||||||
Meredith Corp. | ||||||||
6.50%, 07/01/2025 (A) | 50,000 | 52,938 | ||||||
Nexstar Broadcasting, Inc. | ||||||||
4.75%, 11/01/2028 (A) (B) | 23,000 | 23,690 | ||||||
Scripps Escrow II, Inc. | ||||||||
3.88%, 01/15/2029 (A) | 31,000 | 31,000 | ||||||
5.38%, 01/15/2031 (A) | 37,000 | 37,370 | ||||||
Sinclair Television Group, Inc. | ||||||||
5.50%, 03/01/2030 (A) | 60,000 | 61,837 | ||||||
Sirius XM Radio, Inc. | ||||||||
4.13%, 07/01/2030 (A) | 130,000 | 134,055 | ||||||
4.63%, 07/15/2024 (A) | 55,000 | 56,868 | ||||||
TEGNA, Inc. | ||||||||
4.63%, 03/15/2028 (A) | 120,000 | 121,650 | ||||||
4.75%, 03/15/2026 (A) | 34,000 | 36,040 | ||||||
Univision Communications, Inc. | ||||||||
6.63%, 06/01/2027 (A) | 70,000 | 73,619 | ||||||
Virgin Media Finance PLC | ||||||||
5.00%, 07/15/2030 (A) (B) | 250,000 | 257,187 | ||||||
Ziggo BV | ||||||||
5.50%, 01/15/2027 (A) | 150,000 | 157,321 | ||||||
|
| |||||||
| 2,294,282 | ||||||||
|
| |||||||
| Metals & Mining - 4.8% | ||||||||
Alcoa Nederland Holding BV | ||||||||
7.00%, 09/30/2026 (A) | 200,000 | 211,103 | ||||||
Transamerica Funds | Page 3 |
Transamerica High Yield ESG
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2021
(unaudited)
| Principal | Value | |||||||
| CORPORATE DEBT SECURITIES (continued) | ||||||||
| Metals & Mining (continued) | ||||||||
Big River Steel LLC / BRS Finance Corp. | ||||||||
6.63%, 01/31/2029 (A) | $ 113,000 | $ 121,935 | ||||||
Constellium SE | ||||||||
6.63%, 03/01/2025 (A) | 250,000 | 254,174 | ||||||
Mineral Resources, Ltd. | ||||||||
8.13%, 05/01/2027 (A) | 45,000 | 49,894 | ||||||
New Gold, Inc. | ||||||||
7.50%, 07/15/2027 (A) | 185,000 | 199,839 | ||||||
Novelis Corp. | ||||||||
4.75%, 01/30/2030 (A) | 45,000 | 47,327 | ||||||
5.88%, 09/30/2026 (A) | 100,000 | 104,750 | ||||||
|
| |||||||
| 989,022 | ||||||||
|
| |||||||
| Oil, Gas & Consumable Fuels - 3.5% | ||||||||
Cheniere Energy Partners, LP | ||||||||
5.63%, 10/01/2026 | 185,000 | 192,862 | ||||||
DCP Midstream Operating, LP | ||||||||
5.38%, 07/15/2025 | 38,000 | 40,649 | ||||||
DCP Midstream, LP | ||||||||
Fixed until 12/15/2022 (C), | 27,000 | 22,950 | ||||||
Hess Midstream Operations, LP | ||||||||
5.13%, 06/15/2028 (A) | 115,000 | 119,347 | ||||||
NuStar Logistics, LP | ||||||||
5.63%, 04/28/2027 | 50,000 | 52,500 | ||||||
6.75%, 02/01/2021 (B) | 50,000 | 50,000 | ||||||
Parkland Corp. | ||||||||
5.88%, 07/15/2027 (A) | 140,000 | 149,800 | ||||||
Targa Resources Partners, LP / Targa Resources Partners Finance Corp. | ||||||||
5.50%, 03/01/2030 | 85,000 | 90,365 | ||||||
|
| |||||||
| 718,473 | ||||||||
|
| |||||||
| Pharmaceuticals - 0.8% | ||||||||
Bausch Health Cos., Inc. | ||||||||
5.00%, 02/15/2029 (A) | 10,000 | 10,237 | ||||||
5.25%, 02/15/2031 (A) | 3,000 | 3,091 | ||||||
6.13%, 04/15/2025 (A) | 145,000 | 148,581 | ||||||
|
| |||||||
| 161,909 | ||||||||
|
| |||||||
| Real Estate Management & Development - 0.2% | ||||||||
Cushman & Wakefield US Borrower LLC | ||||||||
6.75%, 05/15/2028 (A) | 45,000 | 48,947 | ||||||
|
| |||||||
| Road & Rail - 0.7% | ||||||||
Uber Technologies, Inc. | ||||||||
6.25%, 01/15/2028 (A) | 5,000 | 5,375 | ||||||
8.00%, 11/01/2026 (A) | 128,000 | 137,920 | ||||||
|
| |||||||
| 143,295 | ||||||||
|
| |||||||
| Software - 0.2% | ||||||||
Open Text Corp. | ||||||||
3.88%, 02/15/2028 (A) | 50,000 | 51,125 | ||||||
|
| |||||||
| Technology Hardware, Storage & Peripherals - 2.7% | ||||||||
Dell International LLC / EMC Corp. | ||||||||
6.02%, 06/15/2026 (A) | 85,000 | 102,496 | ||||||
7.13%, 06/15/2024 (A) | 95,000 | 98,824 | ||||||
NCR Corp. | ||||||||
5.00%, 10/01/2028 (A) | 15,000 | 15,413 | ||||||
5.25%, 10/01/2030 (A) | 9,000 | 9,405 | ||||||
6.13%, 09/01/2029 (A) | 90,000 | 96,975 | ||||||
Seagate HDD Cayman | ||||||||
4.09%, 06/01/2029 (A) | 130,000 | 135,308 | ||||||
Western Digital Corp. | ||||||||
4.75%, 02/15/2026 | 90,000 | 99,787 | ||||||
|
| |||||||
| 558,208 | ||||||||
|
| |||||||
| Principal | Value | |||||||
| CORPORATE DEBT SECURITIES (continued) | ||||||||
| Trading Companies & Distributors - 1.8% | ||||||||
Boise Cascade Co. | ||||||||
4.88%, 07/01/2030 (A) | $ 240,000 | $ 260,700 | ||||||
United Rentals North America, Inc. | ||||||||
4.00%, 07/15/2030 | 115,000 | 121,325 | ||||||
|
| |||||||
| 382,025 | ||||||||
|
| |||||||
| Wireless Telecommunication Services - 2.4% | ||||||||
Altice France SA | ||||||||
7.38%, 05/01/2026 (A) | 200,000 | 209,602 | ||||||
Sprint Corp. | ||||||||
7.88%, 09/15/2023 | 250,000 | 288,750 | ||||||
|
| |||||||
| 498,352 | ||||||||
|
| |||||||
Total Corporate Debt Securities |
| 19,815,235 | ||||||
|
| |||||||
| Shares | Value | |||||||
| PREFERRED STOCK - 1.6% | ||||||||
| Banks - 1.6% | ||||||||
GMAC Capital Trust I, | ||||||||
Series 2, 3-Month LIBOR + 5.79%, | 12,550 | 332,826 | ||||||
|
| |||||||
Total Preferred Stock |
| 332,826 | ||||||
|
| |||||||
| OTHER INVESTMENT COMPANY - 0.8% | ||||||||
| Securities Lending Collateral - 0.8% | ||||||||
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 0.06% (G) | 167,698 | 167,698 | ||||||
|
| |||||||
Total Other Investment Company |
| 167,698 | ||||||
|
| |||||||
Total Investments |
| 20,315,759 | ||||||
Net Other Assets (Liabilities) - 2.2% | 449,344 | |||||||
|
| |||||||
Net Assets - 100.0% | $ 20,765,103 | |||||||
|
| |||||||
Transamerica Funds | Page 4 |
Transamerica High Yield ESG
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2021
(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 |
| |||||||||||||||
Corporate Debt Securities | $ | — | $ | 19,815,235 | $ | — | $ | 19,815,235 | ||||||||
Preferred Stock | 332,826 | — | — | 332,826 | ||||||||||||
Other Investment Company | 167,698 | — | — | 167,698 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | $ | 500,524 | $ | 19,815,235 | $ | — | $ | 20,315,759 | ||||||||
|
|
|
|
|
|
|
| |||||||||
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 $13,245,872, representing 63.8% of the Fund’s net assets. | |
| (B) | All or a portion of the securities are on loan. The total value of all securities on loan is $1,782,499, collateralized by cash collateral of $167,698 and non-cash collateral, such as U.S. government securities and irrevocable letters of credit, of $1,652,300. The amount of securities on loan indicated may not correspond with the securities on loan identified because securities with pending sales are in the process of recall from the brokers. | |
| (C) | Perpetual maturity. The date displayed is the next call date. | |
| (D) | 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. | |
| (E) | When-issued, delayed-delivery and/or forward commitment (including TBAs) security. Security to be settled and delivered after January 31, 2021. Security may display a coupon rate of 0.00%, as the rate is to be determined at time of settlement. | |
| (F) | Restricted security. At January 31, 2021, the value of such security held by the Fund is as follows: |
Investments | Description | Acquisition Date | Acquisition Cost | Value | Value as Percentage of Net Assets | |||||||||||||
Corporate Debt Securities | Clear Channel Worldwide Holdings, Inc. 9.25%, 02/15/2024 | 07/31/2020 | $ | 13,744 | $ | 15,586 | 0.1 | % | ||||||||||
| (G) | Rate disclosed reflects the yield at January 31, 2021. | |
| (H) | 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 ABBREVIATION:
LIBOR | London Interbank Offered Rate |
Transamerica Funds | Page 5 |
Transamerica High Yield ESG
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:
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.
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.
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.
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.
Transamerica Funds | Page 6 |