Transamerica Bond (IDITX) NPORT-P Transamerica US Growth (Jan 2021 report)

Transamerica US Growth

SCHEDULE OF INVESTMENTS

At January 31, 2021

(unaudited)

	Shares		Value
COMMON STOCKS - 99.9%
Aerospace & Defense - 0.7%
Raytheon Technologies Corp.		218,521		$  14,581,906
Air Freight & Logistics - 0.9%
FedEx Corp.		77,026		18,127,299
Automobiles - 1.7%
Tesla, Inc. (A)		41,936		33,277,474
Beverages - 2.3%
Constellation Brands, Inc., Class A		113,631		23,968,187
Monster Beverage Corp. (A)		247,630		21,501,713
				45,469,900
Biotechnology - 3.2%
Exact Sciences Corp. (A) (B)		84,098		11,534,882
Regeneron Pharmaceuticals, Inc. (A)		33,163		16,708,846
Seagen, Inc. (A)		84,886		13,944,223
Vertex Pharmaceuticals, Inc. (A)		89,013		20,391,098
				62,579,049
Building Products - 1.0%
Fortune Brands Home & Security, Inc.		223,058		19,238,753
Capital Markets - 0.5%
S&P Global, Inc.		31,493		9,983,281
Chemicals - 0.7%
PPG Industries, Inc.		102,518		13,810,200
Commercial Services & Supplies - 0.6%
Copart, Inc. (A)		103,786		11,390,514
Construction Materials - 0.7%
Vulcan Materials Co.		95,642		14,264,048
Consumer Finance - 1.2%
American Express Co.		207,182		24,086,979
Entertainment - 3.3%
Activision Blizzard, Inc.		147,479		13,420,589
Netflix, Inc. (A)		55,414		29,501,859
Walt Disney Co. (A)		137,863		23,184,421
				66,106,869
Equity Real Estate Investment Trusts - 0.9%
American Tower Corp.		78,615		17,873,906
Food & Staples Retailing - 0.3%
Costco Wholesale Corp.		17,720		6,245,060
Health Care Equipment & Supplies - 3.2%
Baxter International, Inc.		214,896		16,510,460
Becton Dickinson & Co.		57,451		15,040,097
Edwards Lifesciences Corp. (A)		177,840		14,686,027
Teleflex, Inc.		43,755		16,523,201
				62,759,785
Health Care Providers & Services - 2.3%
UnitedHealth Group, Inc.		135,681		45,260,468
Hotels, Restaurants & Leisure - 2.8%
Airbnb, Inc., Class A (A)		65,895		12,100,299
Chipotle Mexican Grill, Inc. (A)		11,522		17,052,560

	Shares		Value
COMMON STOCKS (continued)
Hotels, Restaurants & Leisure (continued)
McDonald’s Corp.		58,028		$   12,060,539
Penn National Gaming, Inc. (A) (B)		140,183		14,539,781
				55,753,179
Household Products - 1.2%
Procter & Gamble Co.		189,175		24,254,127
Interactive Media & Services - 8.9%
Alphabet, Inc., Class A (A)		53,219		97,250,272
Facebook, Inc., Class A (A)		304,650		78,700,234
				175,950,506
Internet & Direct Marketing Retail - 7.3%
Amazon.com, Inc. (A)		45,244		145,061,313
IT Services - 10.1%
EPAM Systems, Inc. (A)		46,542		16,030,461
FleetCor Technologies, Inc. (A)		85,364		20,722,111
Global Payments, Inc.		118,450		20,908,794
GoDaddy, Inc., Class A (A)		236,135		18,555,488
Leidos Holdings, Inc.		180,436		19,137,042
Mastercard, Inc., Class A		139,300		44,059,197
PayPal Holdings, Inc. (A)		179,752		42,117,691
Square, Inc., Class A (A)		83,060		17,937,638
				199,468,422
Life Sciences Tools & Services - 1.7%
Thermo Fisher Scientific, Inc.		65,916		33,597,385
Machinery - 0.8%
Nordson Corp.		85,269		15,262,298
Pharmaceuticals - 4.0%
Eli Lilly & Co.		192,027		39,935,855
Horizon Therapeutics PLC (A)		127,759		9,259,972
Merck & Co., Inc.		393,424		30,321,188
				79,517,015
Professional Services - 0.7%
Equifax, Inc.		79,158		14,019,673
Semiconductors & Semiconductor Equipment - 7.8%
Advanced Micro Devices, Inc. (A)		299,222		25,625,372
Entegris, Inc.		151,517		14,907,758
First Solar, Inc. (A)		119,320		11,830,578
KLA Corp.		63,721		17,846,340
Marvell Technology Group, Ltd.		320,028		16,468,641
Micron Technology, Inc. (A)		193,958		15,181,093
Skyworks Solutions, Inc.		94,016		15,912,208
Teradyne, Inc.		134,770		15,293,699
Texas Instruments, Inc.		133,904		22,186,554
				155,252,243
Software - 15.9%
Adobe, Inc. (A)		88,066		40,402,039
DocuSign, Inc. (A)		45,764		10,657,978
Guidewire Software, Inc. (A)		118,193		13,561,465
Microsoft Corp.		610,040		141,504,878
salesforce.com, Inc. (A)		185,079		41,746,419
ServiceNow, Inc. (A)		45,500		24,713,780
Splunk, Inc. (A)		96,153		15,868,130
Workday, Inc., Class A (A)		115,799		26,347,746
				314,802,435
Specialty Retail - 1.6%
TJX Cos., Inc.		476,060		30,486,883

Transamerica Funds Page    1

Transamerica US Growth

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2021

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Technology Hardware, Storage & Peripherals - 9.8%
Apple, Inc.		1,472,604		$   194,324,824
Textiles, Apparel & Luxury Goods - 3.8%
NIKE, Inc., Class B		231,113		30,874,386
PVH Corp.		191,220		16,303,417
Under Armour, Inc., Class C (A)		897,783		13,439,812
VF Corp.		201,004		15,451,177
				76,068,792
Total Common Stocks (Cost $1,016,370,477)				1,978,874,586
	Principal		Value
REPURCHASE AGREEMENT - 0.2%
Fixed Income Clearing Corp., 0.00% (C), dated 01/29/2021, to be repurchased at $4,704,910 on 02/01/2021. Collateralized by a U.S. Government Obligation, 2.50%, due 03/31/2023, and with a value of $4,799,032.		$  4,704,910		4,704,910
Total Repurchase Agreement (Cost $4,704,910)				4,704,910
Total Investments (Cost $1,021,075,387)				1,983,579,496
Net Other Assets (Liabilities) - (0.1)%				(1,654,225	)
Net Assets - 100.0%				$  1,981,925,271

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Transamerica US Growth

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	$	1,978,874,586	$	—	$	—	$	1,978,874,586
Repurchase Agreement		—		4,704,910		—		4,704,910
Total Investments	$	1,978,874,586	$	4,704,910	$	—	$	1,983,579,496

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	Non-income producing securities.
(B)	All or a portion of the securities are on loan. The total value of all securities on loan is $23,278,356, collateralized by non-cash collateral, such as U.S. government securities and irrevocable letters of credit, of $23,775,490. 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)	Rate disclosed reflects the yield 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 US Growth

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 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.

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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