Transamerica Bond (IDITX) NPORT-P Transamerica Large Cap Value (Jan 2021 report)

Transamerica Large Cap Value

SCHEDULE OF INVESTMENTS

At January 31, 2021

(unaudited)

	Shares		Value
COMMON STOCKS - 97.4%
Aerospace & Defense - 2.8%
Northrop Grumman Corp.		85,230		$  24,427,770
Textron, Inc.		617,884		27,965,430
				52,393,200
Airlines - 0.8%
Southwest Airlines Co.		332,960		14,630,262
Automobiles - 2.2%
General Motors Co.		806,025		40,849,347
Banks - 8.2%
Bank of America Corp.		2,349,690		69,668,309
JPMorgan Chase & Co.		631,838		81,298,595
				150,966,904
Beverages - 1.9%
PepsiCo, Inc.		252,076		34,426,019
Biotechnology - 2.0%
AbbVie, Inc.		353,408		36,217,252
Building Products - 2.2%
Trane Technologies PLC		279,270		40,033,355
Capital Markets - 9.5%
BlackRock, Inc.		68,114		47,765,624
Charles Schwab Corp.		961,491		49,555,246
Intercontinental Exchange, Inc.		352,885		38,940,860
State Street Corp.		565,990		39,619,300
				175,881,030
Chemicals - 2.7%
Air Products & Chemicals, Inc.		189,290		50,495,000
Construction & Engineering - 2.0%
Quanta Services, Inc.		535,938		37,767,551
Construction Materials - 2.0%
Martin Marietta Materials, Inc.		127,807		36,733,010
Electric Utilities - 3.9%
Duke Energy Corp.		321,476		30,218,744
Xcel Energy, Inc.		642,345		41,103,657
				71,322,401
Entertainment - 3.6%
Walt Disney Co. (A)		389,844		65,560,065
Equity Real Estate Investment Trusts - 4.0%
American Tower Corp.		166,372		37,826,338
Prologis, Inc.		349,432		36,061,382
				73,887,720
Food Products - 1.8%
Mondelez International, Inc., Class A		609,972		33,816,848
Health Care Equipment & Supplies - 2.9%
Medtronic PLC		484,596		53,950,073

	Shares		Value
COMMON STOCKS (continued)
Health Care Providers & Services - 4.0%
AmerisourceBergen Corp.		306,501		$   31,937,404
UnitedHealth Group, Inc.		125,590		41,894,312
				73,831,716
Household Durables - 1.8%
PulteGroup, Inc.		749,419		32,599,727
Insurance - 1.9%
Hartford Financial Services Group, Inc.		720,142		34,581,219
Interactive Media & Services - 3.5%
Alphabet, Inc., Class A (A)		35,579		65,015,641
IT Services - 1.8%
Global Payments, Inc.		188,552		33,283,199
Life Sciences Tools & Services - 2.4%
Thermo Fisher Scientific, Inc.		88,583		45,150,755
Machinery - 5.0%
Caterpillar, Inc.		238,144		43,542,249
Parker-Hannifin Corp.		183,902		48,662,308
				92,204,557
Media - 3.8%
Comcast Corp., Class A		702,777		34,836,656
Discovery, Inc., Class A (A) (B)		842,830		34,910,018
				69,746,674
Multiline Retail - 2.4%
Target Corp.		245,262		44,434,117
Oil, Gas & Consumable Fuels - 3.1%
Chevron Corp.		479,767		40,876,149
ConocoPhillips		431,846		17,286,795
				58,162,944
Pharmaceuticals - 4.1%
Bristol-Myers Squibb Co.		612,193		37,607,016
Eli Lilly & Co.		183,946		38,255,250
				75,862,266
Road & Rail - 2.5%
Kansas City Southern		225,721		45,746,875
Semiconductors & Semiconductor Equipment - 2.7%
Micron Technology, Inc. (A)		632,086		49,473,371
Software - 1.8%
Microsoft Corp.		145,915		33,846,443
Specialty Retail - 2.0%
Lowe’s Cos., Inc.		224,448		37,449,149
Technology Hardware, Storage & Peripherals - 2.1%
Apple, Inc.		297,532		39,262,323
Total Common Stocks (Cost $1,696,758,454)				1,799,581,013

Transamerica Funds Page    1

Transamerica Large Cap Value

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2021

(unaudited)

	Shares		Value
OTHER INVESTMENT COMPANY - 1.4%
Securities Lending Collateral - 1.4%
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 0.06% (C)		26,099,811		$   26,099,811
Total Other Investment Company (Cost $26,099,811)				26,099,811
	Principal		Value
REPURCHASE AGREEMENT - 2.0%
Fixed Income Clearing Corp., 0.00% (C), dated 01/29/2021, to be repurchased at $37,192,189 on 02/01/2021. Collateralized by a U.S. Government Obligation, 1.50%, due 02/28/2023, and with a value of $37,936,036.		$  37,192,189		37,192,189
Total Repurchase Agreement (Cost $37,192,189)				37,192,189
Total Investments (Cost $1,760,050,454)				1,862,873,013
Net Other Assets (Liabilities) - (0.8)%				(15,646,380	)
Net Assets - 100.0%				$  1,847,226,633

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Transamerica Large Cap Value

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2021

(unaudited)

INVESTMENT VALUATION:

Valuation Inputs ^(D)

	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Common Stocks	$	1,799,581,013	$	—	$	—	$	1,799,581,013
Other Investment Company		26,099,811		—		—		26,099,811
Repurchase Agreement		—		37,192,189		—		37,192,189
Total Investments	$	1,825,680,824	$	37,192,189	$	—	$	1,862,873,013

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	Non-income producing securities.
(B)	All or a portion of the security is on loan. The value of the security on loan is $25,587,081, collateralized by cash collateral of $26,099,811. The amount on loan indicated may not correspond with the security on loan identified because a security with pending sales are in the process of recall from the brokers.
(C)	Rates disclosed reflect the yields at January 31, 2021.
(D)	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.

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Transamerica Large Cap Value

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:

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.

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.

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