Transamerica Bond NPORTP Transamerica Intermediate Muni (Jan 2021 report)

Transamerica Intermediate Muni

SCHEDULE OF INVESTMENTS

At January 31, 2021

(unaudited)


	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS - 92.2%
Alabama - 0.8%
Alabama Special Care Facilities Financing Authority, Revenue Bonds,
5.00%, 11/15/2046		$ 3,875,000		$ 4,662,284
Bessemer Governmental Utility Services Corp., Revenue Bonds,
BAM,
5.00%, 06/01/2029		2,010,000		2,536,298
Bibb County Board of Education, Special Tax
Series B, BAM,
4.00%, 04/01/2045 - 04/01/2050		1,500,000		1,744,846
County of Jefferson Sewer Revenue, Revenue Bonds,
Series A, AGM,
5.50%, 10/01/2053		1,015,000		1,134,638
Dekalb-Jackson Cooperative District, Revenue Bonds
AGM,
4.05%, 01/01/2050		140,000		150,006
5.00%, 01/01/2056		750,000		841,170
Harvest-Monrovia Water Sewer & Fire Protection Authority, Inc., Revenue Bonds,
AGM,
4.00%, 04/01/2025		70,000		78,397
Marshall County Board of Education, Special Tax,
AGM,
4.00%, 03/01/2032		230,000		260,220
Muscle Shoals Sheffield & Tuscumbia Solid Waste Disposal Authority, Revenue Bonds,
Series A,
6.00%, 05/01/2040^(A)		2,850,000		3,019,717
Phenix City Board of Education, Special Tax,
BAM,
4.00%, 08/01/2044		3,925,000		4,680,523

				19,108,099

Alaska - 0.2%
Alaska Housing Finance Corp., Revenue Bonds
Series B,
2.50%, 12/01/2034		2,640,000		2,801,331
Series D,
5.00%, 12/01/2025		935,000		1,092,931
State of Alaska International Airports System, Revenue Bonds,
Series A,
5.00%, 10/01/2031		65,000		77,360

				3,971,622

Arizona - 1.6%
Arizona Health Facilities Authority, Revenue Bonds,
Series B2, AGM,
5.00%, 03/01/2041		35,000		35,137
Arizona Industrial Development Authority, Revenue Bonds
4.00%, 02/01/2050		3,500,000		4,099,935
Series A,
4.00%, 09/01/2046 - 10/01/2049		3,705,000		4,170,848
5.00%, 03/01/2037		830,000		1,002,017
Series A, BAM,
5.00%, 06/01/2054 - 06/01/2058		8,030,000		9,595,660


	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Arizona (continued)
BluePath Trust, Revenue Bonds,
2.75%, 09/01/2026^{(A) (B)}		$ 3,998,082		$ 4,095,670
County of Pima, Certificate of Participation,
5.00%, 12/01/2026		35,000		39,498
County of Santa Cruz, Revenue Bonds,
AGM,
4.00%, 07/01/2026		140,000		161,405
Glendale Industrial Development Authority, Revenue Bonds,
5.00%, 07/01/2038		250,000		265,575
Goodyear McDowell Road Commercial Corridor Improvement District, Special Assessment,
BAM,
3.00%, 01/01/2025		1,105,000		1,208,715
Industrial Development Authority of the City of Phoenix, Revenue Bonds
3.88%, 07/01/2021^(A)		50,000		50,454
5.00%, 07/01/2036		1,440,000		1,617,595
Series A,
5.00%, 07/01/2043		110,000		133,286
Industrial Development Authority of the County of Pima, Revenue Bonds
5.00%, 07/01/2056^(A)		1,310,000		1,349,641
Series R,
2.88%, 07/01/2021		20,000		20,000
La Paz County Industrial Development Authority, Revenue Bonds
4.90%, 06/15/2028^(A)		510,000		532,644
Series A,
5.00%, 02/15/2021 - 02/15/2026^(A)		1,745,000		1,929,745
Maricopa County Elementary School District No. 25, General Obligation Unlimited,
Series A, BAM,
4.00%, 07/01/2024		135,000		151,683
Maricopa County Industrial Development Authority, Revenue Bonds
4.00%, 07/01/2049 - 07/01/2054		3,000,000		3,373,010
Series A,
5.00%, 01/01/2034 - 07/01/2054		1,650,000		1,951,552
Maricopa County Pollution Control Corp., Revenue Bonds,
Series B,
3.60%, 04/01/2040		1,740,000		1,940,813
Maricopa County Unified School District No. 89, General Obligation Limited,
5.00%, 07/01/2023		40,000		44,439
Pinal County Industrial Development Authority, Revenue Bonds,
4.00%, 10/01/2021		500,000		509,595
Yuma County Elementary School District No. 1, General Obligation Unlimited,
Series B, AGM,
5.00%, 07/01/2027		575,000		732,343

				39,011,260


Transamerica Funds			Page 1

Transamerica Intermediate Muni

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2021

(unaudited)


	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Arkansas - 0.5%
Little Rock School District, General Obligation Limited
3.00%, 02/01/2026 - 02/01/2030		$ 10,545,000		$ 10,942,362
University of Central Arkansas, Revenue Bonds
Series D, AGM,
3.00%, 09/01/2026 - 09/01/2029		1,765,000		1,972,899

				12,915,261

California - 11.6%
Adelanto Elementary School District Community Facilities District No. 1, Special Tax
BAM,
5.00%, 09/01/2036 - 09/01/2039		3,200,000		4,046,256
Adelanto School District, Special Tax
BAM,
4.00%, 09/01/2035 - 09/01/2036		555,000		641,328
Alameda Corridor Transportation Authority, Revenue Bonds
Series B, AGM,
4.00%, 10/01/2035 - 10/01/2037		2,415,000		2,740,259
Avalon Community Improvement Agency Successor Agency, Tax Allocation
Series A, AGM,
5.00%, 09/01/2024 - 09/01/2026		1,310,000		1,556,040
Baldwin Park / Monrovia School Facilities Grant Financing Authority, Revenue Bonds
AGM,
3.00%, 10/01/2033		60,000		65,276
4.00%, 10/01/2027		185,000		219,447
Beaumont Public Improvement Authority, Revenue Bonds
Series A, AGM,
5.00%, 09/01/2037 - 09/01/2049		8,695,000		10,399,505
Borrego Springs Unified School District, General Obligation Unlimited,
Series A, AGM,
4.00%, 08/01/2044		1,105,000		1,265,744
Calexico Financing Authority, Revenue Bonds,
AGM,
4.00%, 04/01/2024		205,000		226,902
California County Tobacco Securitization Agency, Revenue Bonds,
Series B,
1.75%, 06/01/2030		500,000		503,100
California Health Facilities Financing Authority, Revenue Bonds,
Series B,
5.00%, 11/15/2031		75,000		93,218
California Municipal Finance Authority, Revenue Bonds
4.00%, 10/01/2050		4,450,000		5,198,935
4.38%, 07/01/2025^(A)		640,000		681,286
5.00%, 07/01/2034 - 01/01/2049		16,400,000		20,065,512
BAM-TCRS,
5.00%, 05/15/2039 - 05/15/2052		6,810,000		8,317,397
Series A,
4.00%, 10/01/2034 - 10/01/2044		4,715,000		5,252,485
4.50%, 06/01/2028^(A)		200,000		218,378
5.00%, 10/01/2044		1,000,000		1,173,320


	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
California (continued)
California Public Finance Authority, Revenue Bonds,
4.25%, 06/15/2029^(A)		$ 790,000		$ 814,782
California School Finance Authority, Revenue Bonds,
Series A,
4.00%, 08/01/2025^(A)		350,000		387,562
California Statewide Communities Development Authority, Revenue Bonds
5.00%, 08/01/2034 - 08/01/2038		3,020,000		3,673,181
AGM,
5.00%, 10/01/2026		400,000		461,428
Series A,
3.00%, 11/01/2022^(A)		895,000		909,266
3.50%, 11/01/2027^(A)		2,630,000		2,815,336
5.00%, 12/01/2025 - 12/01/2029^(A)		775,000		919,478
California Statewide Communities Development Authority, Special Assessment
4.00%, 09/02/2028 - 09/02/2044		2,840,000		3,152,129
5.00%, 09/02/2034 - 09/02/2049		1,470,000		1,757,500
Carmichael Water District, Certificate of Participation,
Series A,
4.00%, 11/01/2037		2,280,000		2,760,943
Cascade Union Elementary School District, General Obligation Unlimited
Series B, MAC,
4.00%, 08/01/2034 - 08/01/2039		445,000		520,046
Chaffey Joint Union High School District, General Obligation Unlimited,
Series B,
Zero Coupon, 08/01/2037		1,000,000		541,840
Chowchilla Elementary School District, General Obligation Unlimited,
5.00%, 08/01/2048		650,000		779,350
City of Azusa, Special Tax
AGM,
5.00%, 09/01/2044 - 09/01/2049		2,500,000		3,022,125
City of Beaumont, Special Tax,
5.00%, 09/01/2044		345,000		394,190
City of Fontana, Special Tax
4.00%, 09/01/2045 - 09/01/2050		600,000		659,480
City of Lathrop, Special Assessment
4.00%, 09/02/2021 - 09/02/2022		265,000		274,287
City of Lemoore Water Revenue, Revenue Bonds,
BAM,
5.00%, 06/01/2049		7,400,000		9,028,148
City of Los Angeles Department of Airports, Revenue Bonds
Series B,
5.00%, 05/15/2048^(C)		6,200,000		8,221,944
Series C,
5.00%, 05/15/2038		4,700,000		5,453,927
City of Porterville Sewer Revenue, Certificate of Participation,
Series C, AGM,
4.00%, 09/15/2049		3,135,000		3,626,474
City of Riverside Electric Revenue, Revenue Bonds,
0.03%^(D), 10/01/2035		500,000		500,000
City of Sacramento, Special Tax
Series 02,
5.00%, 09/01/2044 - 09/01/2049		2,585,000		2,991,677


Transamerica Funds			Page 2

Transamerica Intermediate Muni

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2021

(unaudited)


	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
California (continued)
City of San Francisco Public Utilities Commission Water Revenue, Revenue Bonds,
Series B,
5.00%, 11/01/2037		$ 75,000		$ 88,371
City of Susanville Natural Gas Revenue, Revenue Bonds,
AGM,
4.00%, 06/01/2045		3,320,000		3,784,236
City of Tulare Water Revenue, Revenue Bonds,
AGM,
4.00%, 12/01/2049		700,000		789,257
Coachella Redevelopment Agency Successor Agency, Tax Allocation
AGM,
5.00%, 09/01/2026		70,000		81,101
Series A, AGM,
4.00%, 09/01/2032		110,000		125,523
5.00%, 09/01/2029 - 09/01/2030		600,000		726,688
Colton Joint Unified School District, General Obligation Unlimited
BAM,
4.00%, 02/01/2033		55,000		62,890
5.00%, 02/01/2029		105,000		127,800
Compton Unified School District, General Obligation Unlimited
Series B, BAM,
Zero Coupon, 06/01/2034		930,000		674,482
Series B, BAM,
4.00%, 06/01/2049		5,855,000		6,609,475
County of El Dorado, Special Tax
BAM,
3.00%, 09/01/2025 - 09/01/2026		260,000		290,893
5.00%, 09/01/2021 - 09/01/2024		1,770,000		1,974,761
County of Los Angeles, Revenue Bonds,
Series A,
4.00%, 06/30/2021		1,250,000		1,270,225
County of San Bernardino, Special Tax,
4.00%, 09/01/2047		100,000		105,069
County of Santa Cruz, Certificate of Participation,
4.00%, 08/01/2033		75,000		85,403
Coyote Canyon Public Facilities Community Facilities District No. 2004-1, Special Tax,
Series A, AGM,
4.00%, 09/01/2029		60,000		66,724
Department of Veterans Affairs Veteran’s Farm & Home Purchase Program, Revenue Bonds
Series B,
3.00%, 12/01/2031		5,400,000		5,781,726
3.25%, 12/01/2036		5,300,000		5,657,856
Dry Creek Joint Elementary School District, Special Tax,
AGM,
5.00%, 09/01/2024		140,000		164,016
Durham Unified School District, General Obligation Unlimited
Series A, AGM,
4.00%, 08/01/2037 - 08/01/2039		710,000		814,262
Elk Grove Unified School District, Certificate of Participation
BAM,
5.00%, 02/01/2027 - 02/01/2028		2,270,000		2,755,294


	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
California (continued)
Etiwanda School District, Special Tax
Series 2,
3.00%, 09/01/2021 - 09/01/2022		$ 185,000		$ 189,076
3.50%, 09/01/2023		75,000		78,337
Eureka City Schools, General Obligation Unlimited,
BAM,
4.00%, 08/01/2038		85,000		102,128
Fairfield-Suisun Unified School District Public Financing Authority, Special Tax
BAM,
2.25%, 08/15/2021 - 08/15/2023		6,195,000		6,259,950
Folsom Cordova Unified School District, General Obligation Unlimited,
Series D, AGM,
4.00%, 10/01/2044		44,890,000		50,575,767
Foothill-Eastern Transportation Corridor Agency, Revenue Bonds,
Series A, AGM,
5.00%, 01/15/2042		410,000		450,676
Golden State Tobacco Securitization Corp., Revenue Bonds
Series A, AGM,
5.00%, 06/01/2040		1,000,000		1,172,150
Series A-1,
5.00%, 06/01/2023 - 06/01/2047		16,195,000		17,153,967
5.25%, 06/01/2047		3,580,000		3,738,451
Series A-2,
5.00%, 06/01/2047		14,000,000		14,572,740
Hacienda La Puente Unified School District, Certificate of Participation,
AGM,
5.00%, 06/01/2024		190,000		218,872
Heber Elementary School District, General Obligation Unlimited
Series A, MAC,
4.00%, 08/01/2035 - 08/01/2038		360,000		409,977
Jurupa Community Services District, Special Tax
Series A,
4.00%, 09/01/2045 - 09/01/2050^(C)		665,000		737,798
Konocti Unified School District, General Obligation Unlimited,
AGM,
5.00%, 08/01/2042		740,000		885,521
Lynwood Unified School District, General Obligation Unlimited
Series B, BAM,
4.00%, 08/01/2045 - 08/01/2049		5,125,000		5,811,209
McFarland Unified School District, General Obligation Unlimited
Series A, BAM,
4.00%, 11/01/2040 - 11/01/2045		750,000		864,805
Menifee Union School District Public Financing Authority, Special Tax
Series A,
5.00%, 09/01/2023		425,000		467,955
Series A, BAM,
5.00%, 09/01/2029 - 09/01/2034		1,240,000		1,425,240
Monterey Peninsula Community College District, General Obligation Unlimited,
Zero Coupon, 08/01/2032		120,000		90,688
Mountain House Public Financing Authority, Revenue Bonds
Series A, BAM,
4.00%, 12/01/2036 - 12/01/2038		610,000		738,223


Transamerica Funds			Page 3

Transamerica Intermediate Muni

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2021

(unaudited)


	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
California (continued)
Mountain View School District, General Obligation Unlimited,
Series D, AGM,
4.00%, 08/01/2049		$ 1,000,000		$ 1,149,300
Newport Mesa Unified School District, General Obligation Unlimited,
Zero Coupon, 08/01/2046		1,000,000		166,030
Oakdale Public Financing Authority, Special Tax,
2.63%, 09/01/2022		110,000		112,725
Palomar Health, Revenue Bonds,
AGM,
5.00%, 11/01/2047		5,000,000		5,935,800
Pollock Pines Elementary School District, General Obligation Unlimited,
MAC,
4.00%, 08/01/2049		1,565,000		1,771,377
Redondo Beach Unified School District, General Obligation Unlimited,
Series E,
5.50%, 08/01/2034		1,000,000		1,027,140
Rio Elementary School District Community Facilities District, Special Tax
BAM,
5.00%, 09/01/2029 - 09/01/2032		1,505,000		1,854,098
River Island Public Financing Authority Revenue, Revenue Bonds
AGM,
4.00%, 09/01/2045 - 09/01/2050		2,400,000		2,818,016
Robla School District, General Obligation Unlimited
AGM,
4.00%, 08/01/2037 - 08/01/2038		1,075,000		1,244,733
5.00%, 08/01/2044		1,720,000		2,080,546
Roseland School District, General Obligation Unlimited,
Series C, MAC,
5.00%, 08/01/2046		260,000		318,828
San Bernardino County Redevelopment Project, Tax Allocation,
Series B, AGM,
5.00%, 09/01/2025 - 09/01/2026		330,000		392,811
San Diego Public Facilities Financing Authority, Revenue Bonds,
Series A,
5.00%, 10/15/2044		365,000		426,492
San Diego Unified School District, General Obligation Unlimited,
Series K-2,
Zero Coupon, 07/01/2030		1,350,000		1,138,779
San Leandro Unified School District, General Obligation Unlimited,
AGC,
Zero Coupon, 08/01/2039^(E)		305,000		302,176
Sanger Unified School District, Certificate of Participation,
AGM,
3.13%, 06/01/2033		75,000		82,988
Santa Clarita Redevelopment Successor Agency, Tax Allocation,
AGM,
5.00%, 10/01/2023		435,000		487,435
Snowline Joint Unified School District, Special Tax,
Series A,
3.00%, 09/01/2022		280,000		289,024


	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
California (continued)
South Tahoe Redevelopment Agency, Special Tax,
Series 1,
3.38%, 10/01/2021		$ 110,000		$ 111,525
Stockton Public Financing Authority, Special Tax,
Series A, BAM,
4.00%, 09/02/2030		1,310,000		1,527,408
Successor Agency to the Pittsburg Community Development Project, Tax Allocation,
Series A, AGM,
5.00%, 09/01/2022		425,000		456,191
Successor Agency to the Upland Community Redevelopment Agency, Tax Allocation,
AGM,
5.00%, 09/01/2022		50,000		53,645
Sutter Union High School District, General Obligation Unlimited,
BAM,
Zero Coupon, 08/01/2028		140,000		121,372
Tahoe-Truckee Unified School District, Certificate of Participation,
BAM,
4.00%, 06/01/2043		1,000,000		1,141,380
Tobacco Securitization Authority of Northern California, Revenue Bonds,
Series A-1,
4.75%, 06/01/2023		15,000		15,025
Upland Community Facilities District, Special Tax,
Series A,
4.00%, 09/01/2049		750,000		820,005
Vacaville Unified School District, Certificate of Participation,
AGM,
4.00%, 12/01/2024		105,000		119,489
Washington Township Health Care District, General Obligation Unlimited
Series DT,
4.00%, 08/01/2034 - 08/01/2036		1,585,000		1,779,737
West Kern Community College District, Certificate of Participation
AGM,
4.00%, 11/01/2040 - 11/01/2044		1,390,000		1,581,447
Whittier Union High School District, General Obligation Unlimited,
Zero Coupon, 08/01/2026		650,000		625,378

				284,259,963

Colorado - 2.1%
BNC Metropolitan District No. 1, General Obligation Limited,
Series A, BAM,
5.00%, 12/01/2032		360,000		443,250
Bradburn Metropolitan District No. 2, General Obligation Limited,
Series A,
4.00%, 12/01/2028^(B)		397,000		421,971
Brighton Crossing Metropolitan District No. 4, General Obligation Limited,
Series A,
5.00%, 12/01/2037		525,000		555,151


Transamerica Funds			Page 4

Transamerica Intermediate Muni

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2021

(unaudited)


	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Colorado (continued)
Bromley Park Metropolitan District No. 2, General Obligation Limited
Series A, BAM,
5.00%, 12/01/2031 - 12/01/2032		$ 460,000		$ 582,862
Castle Oaks Metropolitan District No. 3, General Obligation Limited
AGM,
4.00%, 12/01/2040 - 12/01/2050		2,470,000		2,935,043
City of Arvada, Certificate of Participation
4.00%, 12/01/2032 - 12/01/2033		1,080,000		1,236,706
City of Colorado Springs Utilities System Revenue, Revenue Bonds,
0.04%^(D), 11/01/2035		1,280,000		1,280,000
Colorado Educational & Cultural Facilities Authority, Revenue Bonds
4.00%, 08/01/2024 - 08/01/2026		365,000		418,061
5.00%, 06/15/2029 - 08/01/2031		1,590,000		1,895,249
Series A,
5.00%, 06/01/2036		540,000		631,692
Colorado Health Facilities Authority, Revenue Bonds
4.00%, 09/01/2050		2,800,000		3,199,980
Series A,
4.00%, 08/01/2049		2,000,000		2,273,060
4.25%, 11/01/2024		835,000		812,948
5.00%, 12/01/2033		100,000		112,003
Series B,
5.00%, 05/15/2021 - 05/15/2026		2,815,000		3,059,419
Colorado Housing & Finance Authority, Revenue Bonds
0.05%^(D), 11/01/2021		1,000,000		1,000,000
GNMA,
3.38%, 11/01/2033		565,000		608,081
Crystal Valley Metropolitan District No. 2, General Obligation Limited,
Series A, AGM,
4.00%, 12/01/2035		1,000,000		1,226,140
Denver Health & Hospital Authority, Revenue Bonds,
Series A,
4.00%, 12/01/2040		750,000		848,925
Erie Commons Metropolitan District No. 2, General Obligation Limited,
Series A, AGM,
4.00%, 12/01/2039		1,300,000		1,525,225
Flying Horse Metropolitan District No. 2, General Obligation Limited,
Series A,
4.00%, 12/01/2050		875,000		1,046,631
Heather Gardens Metropolitan District, General Obligation Unlimited
AGM,
4.00%, 12/01/2024 - 12/01/2030		1,365,000		1,622,474
Meridian Metropolitan District, General Obligation Unlimited,
AGM,
5.00%, 12/01/2042		15,000		18,305
North Park Metropolitan District No. 1, Revenue Bonds,
Series A-2,
5.50%, 12/01/2034		1,000,000		1,075,580
Northglenn Urban Renewal Authority, Tax Allocation
4.00%, 12/01/2024 - 12/01/2038		2,705,000		3,030,244


	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Colorado (continued)
Park Creek Metropolitan District, Revenue Bonds
Series A,
5.00%, 12/01/2032 - 12/01/2037		$ 1,205,000		$ 1,402,975
Series A, AGM,
4.00%, 12/01/2046		6,530,000		7,785,915
Series A, NATL-IBC,
5.00%, 12/01/2045		1,220,000		1,404,745
Sand Creek Metropolitan District, General Obligation Limited
MAC,
4.00%, 12/01/2032 - 12/01/2034		1,475,000		1,734,175
Silver Peaks Metropolitan District No. 2, General Obligation Limited
BAM,
5.00%, 12/01/2037 - 12/01/2042		1,520,000		1,846,447
South Sloan’s Lake Metropolitan District No. 2, General Obligation Limited,
AGM,
4.00%, 12/01/2044		435,000		493,586
State of Colorado, Revenue Bonds,
4.00%, 06/25/2021		900,000		914,184
Vauxmont Metropolitan District, General Obligation Limited,
AGM,
3.25%, 12/15/2050		1,880,000		2,021,545
Wyndham Hill Metropolitan District No. 2, General Obligation Limited,
Series A, BAM,
4.00%, 12/01/2034		540,000		638,388

				50,100,960

Connecticut - 1.5%
City of Bridgeport, General Obligation Unlimited,
Series C, AGM,
5.00%, 08/15/2024		1,275,000		1,470,559
City of Hartford, General Obligation Unlimited
Series A,
5.00%, 04/01/2030		20,000		21,006
Series A, AGM,
5.00%, 07/01/2025 - 07/01/2032		460,000		550,499
Series A, BAM,
4.00%, 12/01/2027		515,000		612,742
5.00%, 12/01/2022 - 12/01/2026		11,430,000		13,670,287
Series A, BAM-TCRS,
5.00%, 04/01/2025		765,000		805,239
Series B, AGM,
5.00%, 10/01/2032		100,000		115,640
Series C, AGM,
5.00%, 07/15/2023		900,000		1,004,976
Series C, BAM,
5.00%, 08/15/2021		320,000		328,157
City of New Haven, General Obligation Unlimited
Series A,
5.50%, 08/01/2034 - 08/01/2038		1,855,000		2,246,694
Series A, BAM-TCRS,
5.00%, 08/01/2037		435,000		526,311
Series B, BAM,
5.00%, 08/15/2025		40,000		47,685
Connecticut Housing Finance Authority, Revenue Bonds
Series 24,
3.80%, 06/15/2031		370,000		423,025
Series A-1,
3.10%, 05/15/2028		2,015,000		2,232,821


Transamerica Funds			Page 5

Transamerica Intermediate Muni

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2021

(unaudited)


	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Connecticut (continued)
Connecticut Housing Finance Authority, Revenue Bonds (continued)
Series B-1,
2.40%, 11/15/2026		$ 90,000		$ 96,581
Series B-3,
2.40%, 05/15/2026		55,000		59,181
Connecticut State Health & Educational Facilities Authority, Revenue Bonds
Series A, AGM-CR,
2.13%, 07/01/2031		7,990,000		8,164,502
Series B-2,
2.75%, 01/01/2026^(A)		650,000		657,572
Series J,
5.00%, 07/01/2034 - 07/01/2042		1,260,000		1,316,200
State of Connecticut, General Obligation Unlimited,
Series B,
4.00%, 03/01/2029		25,000		26,710
State of Connecticut, Special Tax, Revenue Bonds,
Series A,
5.00%, 08/01/2022		15,000		16,088
Town of Hamden, General Obligation Unlimited
BAM,
6.00%, 08/15/2033		1,190,000		1,572,823
Series A, BAM,
5.00%, 08/01/2027		535,000		672,056
Town of Sprague, General Obligation Unlimited
BAM,
4.00%, 09/01/2040 - 09/01/2045		375,000		434,305

				37,071,659

Delaware - 0.2%
Delaware Municipal Electric Corp., Revenue Bonds
Series A, BAM,
5.00%, 10/01/2035 - 10/01/2044		2,325,000		2,922,961
Delaware State Economic Development Authority, Revenue Bonds,
5.00%, 08/01/2049		900,000		1,036,503

				3,959,464

District of Columbia - 0.5%
District of Columbia, Revenue Bonds
4.00%, 07/01/2049		1,000,000		1,108,690
Series A,
4.13%, 07/01/2027		1,000,000		1,018,030
5.00%, 07/01/2032		1,500,000		1,571,955
Series C,
4.00%, 12/01/2021		25,000		25,813
District of Columbia Housing Finance Agency, Revenue Bonds,
Series A,
3.70%, 09/01/2033		1,510,000		1,753,201
District of Columbia Water & Sewer Authority, Revenue Bonds,
Series A,
5.00%, 10/01/2023		25,000		27,018
Metropolitan Washington Airports Authority Dulles Toll Road Revenue, Revenue Bonds
5.00%, 10/01/2053		530,000		551,237
AGC,
Zero Coupon, 10/01/2036		2,500,000		1,804,100
Series B, AGM,
4.00%, 10/01/2053		1,375,000		1,553,929


	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
District of Columbia (continued)
Metropolitan Washington Airports Authority Dulles Toll Road Revenue, Revenue Bonds (continued)
Series B, AGM-CR,
6.50%, 10/01/2044^(E)		$ 1,065,000		$ 1,421,967
Series C, AGC,
6.50%, 10/01/2041^(E)		285,000		360,972

				11,196,912

Florida - 3.5%
Bridgewater Community Development District, Special Assessment,
4.50%, 05/01/2031		25,000		27,821
Cape Coral Health Facilities Authority, Revenue Bonds,
4.25%, 07/01/2021^(A)		435,000		437,310
Capital Trust Agency, Inc., Revenue Bonds
3.50%, 07/01/2021 - 07/01/2022^(A)		1,240,000		1,243,215
City of Cape Coral Water & Sewer Revenue, Special Assessment
AGM,
2.13%, 09/01/2022		85,000		87,104
2.75%, 09/01/2025 - 09/01/2026		540,000		596,621
City of Fort Myers, Revenue Bonds
4.00%, 12/01/2032 - 12/01/2033		310,000		353,679
City of Jacksonville, Revenue Bonds
Series A,
5.00%, 10/01/2030		1,000,000		1,231,900
Series C,
5.00%, 10/01/2031		100,000		107,443
City of Miami Parking System Revenue, Revenue Bonds
BAM,
5.00%, 10/01/2027 - 10/01/2029		1,215,000		1,574,482
City of Orlando Tourist Development Tax Revenue, Revenue Bonds
Series A, AGM,
5.00%, 11/01/2027 - 11/01/2029		4,230,000		5,350,113
Series B, AGM,
5.00%, 11/01/2025 - 11/01/2038		7,870,000		9,413,933
City of Tallahassee, Revenue Bonds,
5.00%, 10/01/2023		55,000		59,371
City of Tampa, Revenue Bonds
4.00%, 07/01/2045		2,000,000		2,326,320
5.00%, 07/01/2050		2,500,000		3,139,500
Series A,
5.00%, 11/15/2025		70,000		74,166
County of Lake, Revenue Bonds
5.00%, 01/15/2029 - 01/15/2049^(A)		1,750,000		1,909,921
County of Miami-Dade, Revenue Bonds,
Series A, AGC,
6.88%, 10/01/2034^(E)		345,000		504,311
County of Miami-Dade Water & Sewer System Revenue, Revenue Bonds,
Series B,
5.00%, 10/01/2044		1,000,000		1,282,580
County of Polk Utility System Revenue, Revenue Bonds,
BAM,
5.00%, 10/01/2043		10,000,000		11,260,300
Florida Department of Environmental Protection, Revenue Bonds,
Series A,
5.00%, 07/01/2022		55,000		58,766
Florida Development Finance Corp., Revenue Bonds
Series A,
5.00%, 06/15/2035 - 06/15/2040		2,000,000		2,325,580


Transamerica Funds			Page 6

Transamerica Intermediate Muni

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2021

(unaudited)


	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Florida (continued)
Florida Higher Educational Facilities Financial Authority, Revenue Bonds,
5.00%, 04/01/2035		$ 1,050,000		$ 1,216,908
Florida Housing Finance Corp., Revenue Bonds
Series 1, GNMA, FNMA, FHLMC,
2.20%, 01/01/2023		75,000		77,257
2.25%, 07/01/2023		65,000		67,443
2.30%, 01/01/2024		165,000		172,168
2.35%, 07/01/2024		270,000		284,018
2.45%, 01/01/2025		225,000		238,635
2.50%, 07/01/2025		265,000		283,465
2.65%, 01/01/2026		270,000		292,637
2.70%, 07/01/2026		135,000		147,409
2.75%, 01/01/2027		270,000		296,044
2.80%, 07/01/2027		265,000		290,427
2.85%, 01/01/2028		90,000		98,862
2.90%, 07/01/2028		210,000		230,633
3.75%, 07/01/2035		1,550,000		1,660,887
Florida Keys Aqueduct Authority, Revenue Bonds,
Series A,
5.00%, 09/01/2049		1,250,000		1,455,512
Herons Glen Recreation District, Special Assessment
BAM,
3.00%, 05/01/2034 - 05/01/2035		495,000		530,003
4.00%, 05/01/2050		1,000,000		1,125,640
Lee County Industrial Development Authority, Revenue Bonds
5.00%, 11/15/2039 - 11/15/2044		3,500,000		3,998,275
Manatee County School District, Revenue Bonds,
AGM,
5.00%, 10/01/2021		50,000		51,629
Martin County Health Facilities Authority, Revenue Bonds,
AGM-CR,
5.50%, 11/15/2042		15,000		15,632
Miami-Dade County Industrial Development Authority, Revenue Bonds,
Series A,
5.00%, 06/01/2047^(A)		1,875,000		1,944,037
North Sumter County Utility Dependent District, Revenue Bonds
5.00%, 10/01/2042		100,000		105,750
BAM,
5.00%, 10/01/2036 - 10/01/2037		500,000		649,986
Northern Palm Beach County Improvement District, Special Assessment,
AGM,
5.00%, 08/01/2024		105,000		121,212
Orange County Health Facilities Authority, Revenue Bonds
Series A,
5.00%, 10/01/2033 - 10/01/2034		8,200,000		9,871,531
Series B,
5.00%, 10/01/2044		300,000		353,979
Orange County Housing Finance Authority, Revenue Bonds,
Series A, GNMA, FNMA, FHLMC,
3.15%, 09/01/2032		310,000		333,575
St. Johns County Industrial Development Authority, Revenue Bonds
4.00%, 08/01/2055		6,625,000		7,166,395
Series A,
Fixed until 08/01/2024, 4.13%^(D), 08/01/2047		1,000,000		1,067,680


	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Florida (continued)
State of Florida Department of Transportation, Revenue Bonds,
5.00%, 07/01/2021		$ 3,720,000		$ 3,795,553
Tradition Community Development District No. 1, Special Assessment,
AGM,
4.00%, 05/01/2023		275,000		296,714
Village Community Development District No. 12, Special Assessment
3.25%, 05/01/2023^(A)		290,000		296,134
3.25%, 05/01/2026		2,430,000		2,545,984
Volusia County School Board, Certificate of Participation
Series A, BAM,
5.00%, 08/01/2027 - 08/01/2028		625,000		755,172
Walton County District School Board, Certificate of Participation,
AGM,
5.00%, 07/01/2026		220,000		257,374

				85,458,996

Georgia - 1.6%
Bibb County Development Authority, Revenue Bonds,
5.25%, 06/01/2050		5,720,000		7,088,796
City of East Point, Tax Allocation,
3.00%, 08/01/2022		1,000,000		1,021,830
Cobb County Kennestone Hospital Authority Revenue, Revenue Bonds,
5.00%, 04/01/2050		7,110,000		9,010,361
Cornelia Urban Redevelopment Agency, Revenue Bonds,
AGM,
5.00%, 10/01/2054		1,440,000		1,749,830
Fulton Country Development Authority Hospital Revenue, Revenue Bonds,
4.00%, 04/01/2050		2,000,000		2,324,300
Fulton County Development Authority, Revenue Bonds,
4.00%, 07/01/2049		6,460,000		7,517,890
Georgia Housing & Finance Authority, Revenue Bonds
Series A-1,
3.20%, 12/01/2036		690,000		734,781
3.25%, 12/01/2037		1,320,000		1,406,315
Series C,
2.85%, 06/01/2028 - 12/01/2028		570,000		626,624
Main Street Natural Gas, Inc., Revenue Bonds,
Series A,
5.00%, 05/15/2049		5,000,000		7,763,500

				39,244,227

Guam - 0.0%^(F)
Guam Government Waterworks Authority, Revenue Bonds
5.00%, 07/01/2023 - 07/01/2031		335,000		390,681
Guam Power Authority, Revenue Bonds
Series A,
5.00%, 10/01/2034		120,000		125,885
Series A, AGM,
5.00%, 10/01/2026		215,000		231,635

				748,201


Transamerica Funds			Page 7

Transamerica Intermediate Muni

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2021

(unaudited)


	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Idaho - 0.2%
County of Nez Perce, Revenue Bonds,
2.75%, 10/01/2024		$ 4,500,000		$ 4,670,325
Idaho Health Facilities Authority, Revenue Bonds,
Series D,
5.00%, 12/01/2032		50,000		53,215
Idaho Housing & Finance Association, Revenue Bonds
Series A,
4.00%, 07/01/2026		255,000		273,551
4.63%, 07/01/2029^(A)		185,000		202,026
Series A-1, Class I,
2.75%, 07/01/2031		180,000		182,014

				5,381,131

Illinois - 14.8%
Adams County School District No. 172, General Obligation Unlimited
AGM,
3.00%, 02/01/2033		300,000		320,901
4.00%, 02/01/2032 - 02/01/2035		3,250,000		3,652,983
5.00%, 02/01/2029		1,345,000		1,607,719
Berwyn Municipal Securitization Corp., Revenue Bonds,
AGM,
5.00%, 01/01/2035		8,230,000		10,298,528
Boone & Winnebago Counties Community Unit School District No. 200, General Obligation Unlimited,
AGM,
Zero Coupon, 01/01/2023		1,490,000		1,471,718
Carol Stream Park District, General Obligation Unlimited,
BAM,
5.00%, 01/01/2037		1,375,000		1,636,497
Champaign & Piatt Counties Community Unit School District No. 3, General Obligation Unlimited
Series A, AGM,
5.00%, 10/01/2022 - 10/01/2024		4,910,000		5,451,951
Channahon Park District, General Obligation Unlimited,
Series A, BAM,
4.00%, 12/15/2038		50,000		59,039
Chicago Board of Education, General Obligation Unlimited
Series A, AGM-CR, AMBAC,
5.50%, 12/01/2021		410,000		426,789
Series A, AGM-CR, NATL,
5.25%, 12/01/2021		150,000		155,834
Series A, NATL,
Zero Coupon, 12/01/2022		25,000		24,581
Chicago O’Hare International Airport, Revenue Bonds
Series B, AGM,
4.00%, 01/01/2053		310,000		357,997
Series D, BAM-TCRS,
5.00%, 01/01/2039		25,000		26,848
Chicago Park District, General Obligation Limited,
BAM-TCRS,
5.75%, 01/01/2038		325,000		362,927


	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Illinois (continued)
Chicago Transit Authority Sales Tax Receipts Fund, Revenue Bonds,
AGM-CR,
5.00%, 12/01/2051		$ 35,000		$ 40,870
City of Calumet City, General Obligation Unlimited
BAM,
4.00%, 03/01/2023 - 03/01/2024		2,135,000		2,308,777
Series A, BAM,
4.00%, 03/01/2022		955,000		989,074
City of Chicago, General Obligation Unlimited
Series A,
5.50%, 01/01/2049		2,750,000		3,317,050
Series C,
5.00%, 01/01/2026 - 01/01/2027		2,950,000		3,454,454
City of Chicago Wastewater Transmission Revenue, Revenue Bonds
AGM-CR,
5.00%, 01/01/2022 - 01/01/2024		700,000		725,267
Series A, AGM,
5.25%, 01/01/2042		675,000		828,562
City of Chicago Waterworks Revenue, Revenue Bonds
4.00%, 11/01/2023		500,000		526,490
5.00%, 11/01/2021 - 11/01/2028		3,500,000		3,675,240
AGM-CR,
5.00%, 11/01/2027		165,000		177,822
City of Country Club Hills, General Obligation Unlimited
BAM,
4.00%, 12/01/2028 - 12/01/2031		1,240,000		1,441,489
4.50%, 12/01/2030 - 12/01/2031		1,295,000		1,430,812
City of East Moline, General Obligation Unlimited
Series A, AGM,
4.00%, 01/15/2035 - 01/15/2037		1,885,000		2,289,236
City of Flora, General Obligation Unlimited
BAM,
3.50%, 11/01/2022 - 11/01/2024		585,000		620,941
City of Monmouth, General Obligation Unlimited
Series A, AGM,
Zero Coupon, 12/01/2044		100,000		35,289
Series B, BAM,
3.00%, 12/01/2023		130,000		139,286
City of North Chicago, General Obligation Unlimited,
Series B, AGM,
4.00%, 11/01/2023		40,000		43,591
City of Peoria, General Obligation Unlimited
Series B, BAM-TCRS,
5.00%, 01/01/2026 - 01/01/2027		2,370,000		2,835,191
City of Sterling, General Obligation Unlimited,
AGM,
3.00%, 12/01/2024		140,000		151,768
City of Waukegan, General Obligation Unlimited
Series A, AGM,
5.00%, 12/30/2035 - 12/30/2036		2,220,000		2,721,549
Series B, AGM,
5.00%, 12/30/2030 - 12/30/2032		1,620,000		2,000,523


Transamerica Funds			Page 8

Transamerica Intermediate Muni

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2021

(unaudited)


	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Illinois (continued)
Clinton Bond Fayette Etc. Counties Community College District No. 501, General Obligation Unlimited
BAM-TCRS,
4.00%, 12/01/2026 - 12/01/2027		$ 3,955,000		$ 4,067,965
Cook & Will Counties Community College District No. 515, General Obligation Limited
5.00%, 12/01/2024		70,000		80,749
Cook & Will Counties School District No. 194, General Obligation Limited,
Series B, BAM,
5.00%, 12/01/2033		775,000		899,496
Cook & Will Counties School District No. 194, General Obligation Unlimited,
BAM,
4.13%, 12/01/2035		680,000		760,607
Cook County Community College District No. 508, General Obligation Unlimited
5.00%, 12/01/2022 - 12/01/2024		1,375,000		1,519,046
BAM-TCRS,
5.25%, 12/01/2027		2,050,000		2,306,947
Cook County Community High School District No. 229, General Obligation Limited,
4.00%, 12/01/2023		1,505,000		1,656,117
Cook County School District No. 100, General Obligation Unlimited,
BAM,
4.00%, 12/01/2021		430,000		443,042
Cook County School District No. 111, General Obligation Limited,
Series A, BAM,
5.00%, 12/01/2037		2,350,000		2,930,567
Cook County School District No. 111, General Obligation Unlimited
AGM,
4.00%, 12/01/2033 - 12/01/2034		1,195,000		1,382,465
Cook County School District No. 149, General Obligation Limited,
Series A-1, AGM,
4.00%, 12/01/2028		980,000		1,074,413
Cook County School District No. 157, General Obligation Unlimited
Series A, AGM,
Zero Coupon, 11/01/2022 - 11/01/2025		920,000		886,109
Cook County School District No. 158, General Obligation Limited,
AGM,
3.00%, 12/01/2021		325,000		332,436
Cook County School District No. 160, General Obligation Unlimited
Series A, BAM,
4.00%, 12/01/2026 - 12/01/2027		285,000		335,751
Cook County School District No. 163, General Obligation Limited,
Series A, AGM,
5.00%, 12/15/2028		70,000		72,948
Cook County School District No. 31, General Obligation Limited
Series A,
3.00%, 12/01/2021		100,000		101,976
Cook County School District No. 94, General Obligation Unlimited
BAM,
4.00%, 12/01/2037 - 12/01/2040		1,905,000		2,155,691


	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Illinois (continued)
Cook County Township High School District No. 201, General Obligation Limited,
Series C, AGM,
Zero Coupon, 12/01/2024		$ 270,000		$ 259,791
Cook County Township High School District No. 220, General Obligation Limited
AGM-CR,
5.00%, 12/01/2025		700,000		787,213
BAM-TCRS,
5.00%, 12/01/2026		1,545,000		1,736,565
Cook County Township High School District No. 220, General Obligation Unlimited
BAM,
5.00%, 12/01/2028 - 12/01/2034		1,265,000		1,634,950
County of Cook, General Obligation Unlimited,
Series C, AGM-CR,
5.00%, 11/15/2024		1,500,000		1,623,585
County of Logan, General Obligation Unlimited,
Series B, BAM,
3.25%, 11/01/2037		50,000		53,529
County of Union, General Obligation Unlimited,
AGM,
4.25%, 09/01/2042		1,665,000		1,962,769
DeKalb & Kane Counties Community Unit School District No. 427, General Obligation Unlimited,
Series A, BAM-TCRS,
4.00%, 02/01/2030		2,060,000		2,124,602
Douglas & Champaign Counties Community Unit School District No. 302, General Obligation Unlimited,
Series B, AGM,
4.00%, 12/01/2034		785,000		892,152
Grundy County School District No. 54, General Obligation Unlimited,
AGM-CR,
6.00%, 12/01/2024		2,050,000		2,149,138
Henry & Whiteside Counties Community Unit School District No. 228, General Obligation Unlimited,
Series A, AGM,
5.00%, 08/15/2028		150,000		179,414
Illinois Finance Authority, Revenue Bonds
4.00%, 08/01/2032		675,000		749,533
5.00%, 07/01/2021 - 08/01/2031		7,040,000		8,321,922
AGM,
4.00%, 12/01/2023		140,000		152,772
5.00%, 12/01/2036		1,900,000		2,255,604
Series A,
4.00%, 11/01/2023		405,000		423,217
5.00%, 07/01/2021 – 11/01/2025		1,750,000		1,797,998
Series C,
5.00%, 08/15/2021		30,000		30,724
Illinois Housing Development Authority, Revenue Bonds
FNMA,
2.63%, 09/01/2032		1,461,288		1,537,655
Series A-1,
3.00%, 02/01/2022		340,000		348,272
Illinois Sports Facilities Authority, Revenue Bonds,
BAM-TCRS,
5.00%, 06/15/2029^(C)		1,980,000		2,576,297


Transamerica Funds			Page 9

Transamerica Intermediate Muni

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2021

(unaudited)


	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Illinois (continued)
Illinois State Toll Highway Authority, Revenue Bonds
Series B,
5.00%, 01/01/2037		$ 140,000		$ 166,625
Series D,
5.00%, 01/01/2024		45,000		51,119
Iroquois & Kankakee Counties Community Unit School District No. 4, General Obligation Unlimited,
Series A, AMBAC, BAM-TCRS,
Zero Coupon, 11/01/2022		1,300,000		1,282,138
Jersey & Greene County Community Unit School District No. 100, General Obligation Unlimited
Series A, BAM,
5.00%, 12/01/2026 - 12/01/2027		3,975,000		4,794,486
Joliet Regional Port District, General Obligation Unlimited,
Series A, AGM,
4.00%, 12/30/2024		250,000		278,912
Kane Cook & DuPage Counties School District No. U-46, General Obligation Limited,
Series A,
5.00%, 01/01/2033		260,000		292,841
Kane Cook & DuPage Counties School District No. U-46, General Obligation Unlimited
Series D,
5.00%, 01/01/2025 - 01/01/2026		130,000		147,283
Kane County School District No. 129, General Obligation Unlimited
Series C, BAM-TCRS,
5.00%, 02/01/2024 - 02/01/2025		5,000,000		5,747,850
Kane Kendall Etc. Counties Community College District No. 516, General Obligation Unlimited,
Series A,
5.00%, 12/15/2022		100,000		104,257
Knox & Warren Counties Community Unit School District No. 205, General Obligation Unlimited
Series A, BAM,
4.00%, 12/01/2039		1,300,000		1,477,385
Series B,
3.50%, 01/01/2027		160,000		171,731
Series B, BAM,
4.00%, 01/01/2034 - 01/01/2036		1,785,000		2,053,916
Lake & McHenry Counties Community Unit School District No. 118, General Obligation Unlimited,
5.00%, 01/01/2022		50,000		52,167
Lake County Community Unit School District No. 116, General Obligation Limited,
Series B,
3.00%, 01/15/2023		105,000		110,368
Lake County School District No. 38, General Obligation Unlimited,
BAM-TCRS,
3.00%, 02/01/2022		2,500,000		2,562,100
Lee & Ogle Counties Community Unit School District No. 275, General Obligation Unlimited
Series B, AGM,
4.50%, 12/01/2025 - 12/01/2027		1,085,000		1,162,417


	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Illinois (continued)
Macon & De Witt Counties Community Unit School District No. 2, General Obligation Unlimited
Series C, BAM,
3.25%, 12/01/2023		$ 1,195,000		$ 1,286,645
4.00%, 12/01/2025		1,360,000		1,578,470
Macon County School District No. 61, General Obligation Unlimited,
AGM,
4.00%, 01/01/2040 – 01/01/2045		4,530,000		5,078,945
5.00%, 12/01/2040^(C)		550,000		676,516
Macoupin Sangamon & Montgomery Counties Community Unit School District, General Obligation Unlimited
BAM,
4.50%, 12/01/2036 - 12/01/2041		1,625,000		1,753,623
Madison & Jersey Counties Unit School District No. 11, General Obligation Unlimited
BAM,
5.00%, 12/01/2030		3,270,000		4,132,364
Series B, BAM,
3.50%, 03/01/2029		1,700,000		1,862,826
Madison-Macoupin Etc. Counties Community College District No. 536, General Obligation Unlimited
5.00%, 11/01/2021		105,000		108,543
Series A, AGM,
5.00%, 11/01/2031 - 11/01/2033		3,450,000		4,212,003
Series A, BAM-TCRS,
5.00%, 11/01/2022 - 11/01/2026		4,990,000		5,651,659
McHenry & Kane Counties Community Consolidated School District No. 158, General Obligation Unlimited,
AGM-CR, FGIC,
Zero Coupon, 01/01/2024		540,000		525,609
McHenry County Community Unit School District No. 12, General Obligation Unlimited
BAM,
5.00%, 01/01/2035		2,625,000		3,029,040
Series A, AGM,
5.00%, 01/01/2023		70,000		75,545
McHenry County Conservation District, General Obligation Unlimited,
5.00%, 02/01/2026		110,000		130,361
McLean County Public Building Commission, Revenue Bonds,
4.00%, 12/01/2034		1,245,000		1,403,401
Metropolitan Pier & Exposition Authority, Revenue Bonds
BAM-TCRS,
5.00%, 06/15/2052		315,000		354,280
NATL,
5.70%, 06/15/2023^(E)		165,000		179,751
Series A, NATL,
Zero Coupon, 06/15/2026		100,000		92,442
Series B,
5.00%, 12/15/2028		145,000		152,868
Northeastern Illinois University, Certificate of Participation
AGM,
3.00%, 07/01/2021 - 07/01/2023		1,505,000		1,524,743
4.00%, 07/01/2025		565,000		614,432


Transamerica Funds			Page 10

Transamerica Intermediate Muni

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2021

(unaudited)


	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Illinois (continued)
Northeastern Illinois University, Revenue Bonds
Series 1, BAM,
4.00%, 07/01/2021 - 07/01/2022		$ 1,015,000		$ 1,054,078
Northern Illinois University, Certificate of Participation,
AGM,
5.00%, 09/01/2024		105,000		120,013
Northern Illinois University, Revenue Bonds
Series B, BAM,
4.00%, 04/01/2036 - 04/01/2041		4,190,000		4,796,641
5.00%, 04/01/2027		355,000		436,313
Northlake Public Library District, General Obligation Unlimited,
AGM,
3.00%, 12/01/2021		610,000		623,957
Peoria Public Building Commission, Revenue Bonds,
BAM,
5.00%, 12/01/2022		1,075,000		1,162,827
Pulaski Massac Alexander & Johnson Counties Community Unit School District No. 10, General Obligation Unlimited
Series C, MAC,
4.00%, 12/01/2026 - 12/01/2029		625,000		683,098
Railsplitter Tobacco Settlement Authority, Revenue Bonds
5.25%, 06/01/2021		50,000		50,810
5.38%, 06/01/2021		85,000		86,412
6.00%, 06/01/2028		75,000		76,470
Regional Transportation Authority, Revenue Bonds,
Series A, NATL,
5.50%, 07/01/2025		65,000		78,926
Rock Island County Public Building Commission, Revenue Bonds
AGM,
3.00%, 12/01/2021		175,000		178,180
4.00%, 12/01/2023		285,000		310,582
5.00%, 12/01/2024 - 12/01/2041		1,745,000		2,119,161
Sangamon County Community Unit School District No. 5, General Obligation Unlimited,
Series B,
5.00%, 01/01/2023		150,000		162,720
Sangamon County Water Reclamation District, General Obligation Unlimited,
Series A, BAM-TCRS,
4.00%, 01/01/2044		14,135,000		16,286,630
Sangamon Logan & Menard Counties Community Unit School District No. 15, General Obligation Unlimited
Series B, BAM,
4.00%, 12/01/2038 - 12/01/2040		1,270,000		1,461,486
5.00%, 12/01/2036		345,000		431,202
Southern Illinois University, Certificate of Participation,
Series A-1, BAM,
4.00%, 02/15/2026		455,000		485,139
Southern Illinois University, Revenue Bonds
Series A, AGM,
5.50%, 04/01/2023		370,000		400,384
Series B, BAM-TCRS,
5.00%, 04/01/2021		435,000		438,223


	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Illinois (continued)
Southwestern Illinois Development Authority, Revenue Bonds,
Series B, BAM-TCRS,
5.00%, 10/15/2026		$ 1,000,000		$ 1,199,840
St. Clair County Community Consolidated School District No. 90, General Obligation Unlimited,
AMBAC, BAM-TCRS,
Zero Coupon, 12/01/2023		450,000		445,441
St. Clair County High School District No. 201, General Obligation Unlimited,
Series B, BAM,
5.00%, 02/01/2025		4,040,000		4,764,857
St. Clair County School District No. 119, General Obligation Unlimited,
Series A, AGM,
4.00%, 04/01/2038		500,000		586,140
State of Illinois, General Obligation Unlimited
5.00%, 02/01/2022 - 11/01/2035		8,180,000		9,512,060
5.25%, 07/01/2030		1,020,000		1,107,047
5.50%, 07/01/2025 - 05/01/2039		6,135,000		7,638,227
5.75%, 05/01/2045		1,645,000		2,073,522
BAM-TCRS,
4.00%, 06/01/2041		18,625,000		20,048,881
Series A,
4.00%, 01/01/2030		225,000		229,498
5.00%, 04/01/2024		3,350,000		3,634,080
Tazewell County School District No. 51, General Obligation Unlimited
NATL,
9.00%, 12/01/2021 - 12/01/2022		1,355,000		1,512,288
Town of Cicero, General Obligation Unlimited,
Series B, AGM,
4.20%, 12/01/2027		340,000		340,731
University of Illinois, Revenue Bonds
Series A, AGM,
4.00%, 04/01/2043		5,795,000		6,600,157
Series A, AMBAC,
5.50%, 04/01/2022		75,000		79,165
Series A, BAM-TCRS,
4.00%, 04/01/2031		1,445,000		1,598,445
Village of Bedford Park Water System Revenue, Revenue Bonds,
Series A, AGM,
4.00%, 12/01/2026		95,000		107,048
Village of Bellwood, General Obligation Unlimited
AGM,
5.00%, 12/01/2027		235,000		273,331
Series B, AGM,
3.00%, 12/01/2029		1,000,000		1,075,460
Village of Broadview, General Obligation Unlimited
Series A, BAM,
3.00%, 12/01/2021 - 12/01/2022		305,000		315,057
Village of Calumet Park, General Obligation Unlimited
BAM,
4.00%, 12/01/2021 - 12/01/2032		2,540,000		2,832,737
Village of Crestwood, General Obligation Unlimited
BAM,
4.50%, 12/15/2027 - 12/15/2029		2,395,000		2,550,712
Series B, BAM,
5.00%, 12/15/2028 - 12/15/2035		7,305,000		8,111,596


Transamerica Funds			Page 11

Transamerica Intermediate Muni

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2021

(unaudited)


	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Illinois (continued)
Village of Dolton, General Obligation Unlimited,
Series A, AGC,
4.50%, 12/01/2024		$ 300,000		$ 300,711
Village of Franklin Park, Revenue Bonds,
BAM,
5.00%, 04/01/2026		230,000		271,768
Village of Hazel Crest, General Obligation Unlimited
BAM,
4.00%, 12/01/2024 - 12/01/2025		640,000		727,792
Village of Lombard, General Obligation Unlimited
5.00%, 01/01/2022 - 01/01/2024		1,740,000		1,861,217
Village of Lyons, General Obligation Unlimited
Series B, BAM,
4.00%, 12/01/2036 - 12/01/2037		2,055,000		2,488,701
5.00%, 12/01/2032		125,000		134,393
Series C, BAM,
4.00%, 12/01/2022 - 12/01/2023		550,000		584,641
Village of Matteson, Revenue Bonds
BAM,
5.00%, 12/01/2024 - 12/01/2035		3,610,000		4,380,328
Village of Montgomery, Special Assessment
BAM,
2.85%, 03/01/2024		182,000		192,623
3.00%, 03/01/2025		135,000		146,069
3.10%, 03/01/2026		253,000		279,325
3.30%, 03/01/2028		194,000		216,591
3.40%, 03/01/2029		706,000		788,313
3.45%, 03/01/2030		133,000		147,847
Village of Mount Prospect, General Obligation Unlimited,
3.00%, 12/01/2021		100,000		102,170
Village of Mundelein, General Obligation Unlimited,
AGM,
4.00%, 12/15/2039		720,000		852,307
Village of Rosemont, General Obligation Unlimited
Series A, BAM,
4.00%, 12/01/2049		28,220,000		32,294,404
5.00%, 12/01/2042		11,335,000		14,190,286
Village of Stone Park, General Obligation Unlimited
Series B, BAM,
4.00%, 02/01/2035 - 02/01/2036		310,000		344,597
Warren County Community Unit School District No. 238, General Obligation Unlimited,
AGM,
4.00%, 12/01/2021		75,000		77,243
Wauconda Special Service Area No.1, Special Tax,
Series A, BAM,
5.00%, 03/01/2033		305,000		349,484
Western Illinois Economic Development Authority, Revenue Bonds
4.00%, 06/01/2021 - 06/01/2033		4,915,000		5,037,658
Western Illinois University, Certificate of Participation
AGM,
3.00%, 10/01/2022		3,010,000		3,086,725
5.00%, 10/01/2024		3,330,000		3,751,911


	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Illinois (continued)
Western Illinois University, Revenue Bonds
BAM,
5.00%, 04/01/2021 - 04/01/2024		$ 2,030,000		$ 2,174,283
Will County Community High School District No. 210, General Obligation Unlimited,
Series A, AGM-CR,
5.00%, 01/01/2027		3,475,000		3,705,427
Will County Community Unit School District No. 201, General Obligation Limited,
Series C, AGM,
5.00%, 01/01/2027		1,075,000		1,303,588
Will County Community Unit School District No. 201, General Obligation Unlimited
AGM,
Zero Coupon, 11/01/2024		610,000		592,993
Series B, AGM,
5.00%, 01/01/2026		550,000		668,442
Will County School District No. 86, General Obligation Unlimited,
Series C, AGM-CR,
5.00%, 03/01/2024		8,105,000		9,204,200
Will Grundy Etc. County Revenue, General Obligation Unlimited,
Series B,
5.00%, 06/01/2038		200,000		224,498

				361,651,388

Indiana - 1.8%
Bloomington Redevelopment District, Tax Allocation
Series A-1,
5.00%, 02/01/2026 - 02/01/2040		2,315,000		2,842,123
City of Evansville, Revenue Bonds,
Series A, AGM,
5.00%, 02/01/2025		140,000		163,302
City of Rockport, Revenue Bonds
Series A,
2.75%, 06/01/2025		6,295,000		6,896,928
Series D,
Fixed until 06/01/2021, 2.05%^(D), 04/01/2025		645,000		647,580
Evansville Redevelopment Authority, Revenue Bonds
BAM,
4.00%, 02/01/2028 - 02/01/2029		5,840,000		6,889,972
5.00%, 02/01/2026		700,000		851,228
Greater Clark County School Building Corp., Revenue Bonds,
Series A,
4.00%, 07/15/2024		135,000		151,420
Hammond Multi-School Building Corp., Revenue Bonds,
4.00%, 07/15/2021		380,000		386,110
Indiana Finance Authority, Revenue Bonds
3.00%, 11/01/2030		4,125,000		4,453,886
3.50%, 10/01/2025		960,000		1,044,662
4.00%, 02/01/2021		405,000		405,000
5.00%, 02/01/2022 - 10/01/2035		3,030,000		3,538,814
Series C,
3.00%, 11/01/2030		3,825,000		4,129,967
Indiana Finance Authority, Educational Facilities Revenue, Revenue Bonds,
4.00%, 02/01/2040		25,000		28,063


Transamerica Funds			Page 12

Transamerica Intermediate Muni

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2021

(unaudited)


	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Indiana (continued)
Indiana Health Facility Financing Authority, Revenue Bonds,
5.00%, 11/15/2034		$ 1,725,000		$ 2,065,291
Indiana Housing & Community Development Authority, Revenue Bonds,
Series A-1, GNMA, FNMA, FHLMC,
2.85%, 07/01/2031		210,000		222,770
Indiana University, Revenue Bonds,
Series A,
5.00%, 06/01/2024		50,000		57,977
Jeffersonville Redevelopment Authority, Revenue Bonds,
AGM,
3.00%, 08/01/2026		760,000		860,092
Merrillville Building Corp., Revenue Bonds
BAM,
4.00%, 07/15/2036 - 12/15/2039		2,720,000		3,157,346
Merrillville Redevelopment Authority, Revenue Bonds
BAM,
4.00%, 07/15/2036 - 12/15/2039		3,335,000		3,857,089
Purdue University, Revenue Bonds,
Series A,
0.03%^(D), 07/01/2029		685,000		685,000
Wawasee High School Building Corp., Revenue Bonds,
5.00%, 07/15/2038		1,300,000		1,551,511

				44,886,131

Iowa - 0.0%^(F)
City of West Des Moines, General Obligation Unlimited,
Series A,
3.00%, 06/01/2021		625,000		630,819

Kansas - 0.2%
City of Dodge City, Revenue Bonds,
3.00%, 07/15/2021		80,000		80,870
City of Wichita, Revenue Bonds,
Series I,
5.00%, 05/15/2028		300,000		323,625
Kansas Development Finance Authority, Revenue Bonds,
Series C, BAM,
4.00%, 05/01/2022		90,000		93,785
Marais Des Cygnes Public Utility Authority, Revenue Bonds
AGM,
3.00%, 12/01/2026 - 12/01/2027		990,000		1,105,273
Montgomery County Unified School District No. 446, General Obligation Unlimited,
BAM,
5.00%, 09/01/2028		310,000		388,191
Unified Government of Greeley County, General Obligation Unlimited,
Series B,
5.00%, 12/01/2037		225,000		265,946
University of Kansas Hospital Authority, Revenue Bonds,
Series A,
5.00%, 03/01/2047		2,750,000		3,299,615

				5,557,305


	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Kentucky - 3.2%
Bullitt County School District Finance Corp., Revenue Bonds,
3.10%, 09/01/2026		$ 65,000		$ 70,330
City of Winchester Combined Utilities Revenue, Revenue Bonds,
Series A, BAM,
4.00%, 07/01/2029		685,000		834,166
County of Hardin, Revenue Bonds
AGM,
5.75%, 08/01/2033 - 08/01/2045		105,000		119,227
County of Knox, General Obligation Unlimited,
BAM,
5.00%, 10/01/2035		585,000		708,271
Eastern Kentucky University, Revenue Bonds,
Series A,
4.00%, 04/01/2025		125,000		141,736
Fayette County School District Finance Corp., Revenue Bonds,
Series B,
4.00%, 05/01/2024		140,000		155,478
Kentucky Bond Development Corp., Revenue Bonds,
BAM,
5.00%, 09/01/2049		21,780,000		27,784,964
Kentucky Economic Development Finance Authority, Revenue Bonds
5.25%, 08/15/2046		1,230,000		1,263,468
AGM,
5.00%, 12/01/2045 - 12/01/2047		6,705,000		7,869,444
Kentucky Municipal Power Agency, Revenue Bonds
NATL,
5.00%, 09/01/2032		1,000,000		1,198,840
Series A,
Fixed until 03/01/2026, 3.45%^(D), 09/01/2042		2,500,000		2,671,125
Series A, NATL,
5.00%, 09/01/2023		115,000		127,871
Kentucky State Property & Building Commission, Revenue Bonds,
BAM-TCRS,
5.00%, 04/01/2029		3,150,000		3,915,670
Kentucky Turnpike Authority, Revenue Bonds,
Series A,
5.00%, 07/01/2021		45,000		45,836
Louisville & Jefferson County Visitors & Convention Commission, Revenue Bonds
AGM-CR,
4.00%, 06/01/2024 - 06/01/2029		16,290,000		18,796,944
Louisville / Jefferson County Metropolitan Government, Revenue Bonds
Series A,
4.00%, 10/01/2039 - 10/01/2040		850,000		994,318
Morehead State University, Revenue Bonds
Series A,
3.00%, 04/01/2027		155,000		165,703
4.00%, 04/01/2030 - 04/01/2032		435,000		476,453
Nicholas County School District Finance Corp., Revenue Bonds
2.00%, 02/01/2023		55,000		56,827
2.38%, 02/01/2025		240,000		257,251


Transamerica Funds			Page 13

Transamerica Intermediate Muni

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2021

(unaudited)


	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Kentucky (continued)
Nicholas County School District Finance Corp., Revenue Bonds (continued)
2.50%, 02/01/2027		$ 305,000		$ 327,826
3.00%, 02/01/2028 - 02/01/2032		365,000		396,401
Northern Kentucky University, Revenue Bonds
Series A,
4.00%, 09/01/2025		900,000		1,030,941
Series A, AGM,
4.00%, 09/01/2030		1,130,000		1,278,663
Paducah Electric Plant Board, Revenue Bonds
Series A, AGM,
5.00%, 10/01/2029 - 10/01/2032		2,330,000		2,802,554
Warren County Justice Center Expansion Corp., Revenue Bonds,
5.00%, 09/01/2024		820,000		949,503
Warren County School District Finance Corp., Revenue Bonds,
4.00%, 04/01/2026		3,690,000		4,238,851

				78,678,661

Louisiana - 2.9%
Jefferson Sales Tax District, Revenue Bonds
Series B, AGM,
4.00%, 12/01/2039		2,685,000		3,174,126
5.00%, 12/01/2032		35,000		43,299
Louisiana Local Government Environmental Facilities & Community Development Authority, Revenue Bonds
AGM,
5.00%, 08/01/2026 - 08/01/2029		13,795,000		16,911,363
BAM,
5.00%, 10/01/2028 - 10/01/2034		510,000		649,986
Louisiana Public Facilities Authority, Revenue Bonds
5.00%, 07/01/2022 - 07/01/2027^(G)		3,160,000		2,875,600
AGM,
5.00%, 06/01/2021		65,000		66,019
Series A,
3.38%, 09/01/2028		10,040,000		10,080,361
New Orleans Aviation Board, Revenue Bonds
AGM,
5.00%, 10/01/2033 - 10/01/2048		14,330,000		17,175,425
Parish of St. John the Baptist, Revenue Bonds
Fixed until 07/01/2024, 2.10%^(D), 06/01/2037		1,220,000		1,254,965
Fixed until 07/01/2026, 2.20%^(D), 06/01/2037		4,210,000		4,371,580
Series B-2,
Fixed until 07/01/2026, 2.38%^(D), 06/01/2037		3,500,000		3,666,110
St. Tammany Parish Hospital Service District No. 1, Revenue Bonds
Series A,
5.00%, 07/01/2034 - 07/01/2048		8,750,000		10,854,270

				71,123,104

Maine - 0.4%
City of Portland General Airport Revenue, Revenue Bonds,
5.00%, 01/01/2028		640,000		751,226


	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Maine (continued)
Maine Governmental Facilities Authority, Revenue Bonds,
Series A,
5.00%, 10/01/2028		$ 350,000		$ 432,040
Maine Health & Higher Educational Facilities Authority, Revenue Bonds,
Series A,
5.00%, 07/01/2038		35,000		43,204
Maine State Housing Authority, Revenue Bonds
Series B,
2.75%, 11/15/2028		410,000		445,584
2.90%, 11/15/2029		880,000		956,542
3.15%, 11/15/2039		520,000		577,793
3.35%, 11/15/2044		130,000		142,735
Series C,
2.35%, 11/15/2027		245,000		259,470
2.50%, 11/15/2028		550,000		584,661
2.75%, 11/15/2031		2,120,000		2,240,119
Series D-1,
2.50%, 11/15/2026		435,000		475,746
2.65%, 11/15/2027		555,000		606,343
2.80%, 11/15/2028		570,000		622,394
2.95%, 11/15/2029		350,000		382,848

				8,520,705

Maryland - 0.5%
City of Baltimore, Revenue Bonds,
Series C,
5.00%, 07/01/2028		50,000		56,461
City of Rockville, Revenue Bonds
Series A-1,
5.00%, 11/01/2021 - 11/01/2023		550,000		570,210
Series A-2,
2.25%, 11/01/2022		250,000		247,415
5.00%, 11/01/2023		345,000		363,609
Maryland Community Development Administration
0.05%, 03/01/2041		3,985,000		3,985,000
Maryland Health & Higher Educational Facilities Authority, Revenue Bonds
4.00%, 07/01/2045 - 07/01/2050		750,000		864,645
5.00%, 07/01/2021		35,000		35,666
Series A,
5.00%, 05/15/2045		5,810,000		6,971,651

				13,094,657

Massachusetts - 1.5%
City of Worcester
2.00%, 02/01/2022		25,000,000		25,467,000
Commonwealth of Massachusetts, General Obligation Limited,
Series A,
5.00%, 07/01/2037		45,000		53,755
Lynn Housing Authority & Neighborhood Development, Revenue Bonds
4.25%, 10/01/2028		315,000		337,529
4.38%, 10/01/2029		300,000		321,549
Massachusetts Bay Transportation Authority, Revenue Bonds,
0.05%^(D), 03/01/2030		630,000		630,000
Massachusetts Development Finance Agency, Revenue Bonds
5.00%, 10/01/2039		250,000		284,023
Series C, AGM,
4.00%, 10/01/2045		1,225,000		1,433,617


Transamerica Funds			Page 14

Transamerica Intermediate Muni

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2021

(unaudited)


	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Massachusetts (continued)
Massachusetts Housing Finance Agency, Revenue Bonds
2.10%, 12/01/2035		$ 1,630,000		$ 1,682,535
Series 178,
3.70%, 12/01/2033		330,000		357,162
Series 183,
2.80%, 06/01/2031		1,575,000		1,672,461
Series 187, FNMA,
2.65%, 12/01/2027		740,000		802,204
2.80%, 06/01/2028 - 12/01/2028		2,915,000		3,165,517
Series C,
2.40%, 12/01/2025		210,000		228,083
2.60%, 12/01/2026		150,000		164,069
2.70%, 06/01/2027		150,000		164,859
2.85%, 06/01/2028		160,000		175,230
2.90%, 12/01/2028		125,000		136,878

				37,076,471

Michigan - 3.9%
Allendale Public School District, General Obligation Unlimited,
5.00%, 11/01/2026		100,000		122,960
Capac Community School District, General Obligation Unlimited
BAM,
4.00%, 05/01/2027 - 05/01/2031		910,000		1,085,873
City of Detroit Sewage Disposal System Revenue, Revenue Bonds,
Series A, AGM,
5.25%, 07/01/2024		50,000		58,113
Clarkston Community Schools, General Obligation Unlimited,
Series I,
5.00%, 05/01/2041		20,000		24,109
Decatur Public School District, General Obligation Unlimited,
3.00%, 05/01/2022		145,000		149,759
Detroit Wayne County Stadium Authority, Revenue Bonds,
AGM,
5.00%, 10/01/2026		2,795,000		3,001,103
Eastern Michigan University, Revenue Bonds,
BAM-TCRS,
4.00%, 03/01/2047		3,110,000		3,539,926
Fitzgerald Public School District, General Obligation Unlimited,
BAM,
4.00%, 05/01/2025		630,000		715,661
Forest Hills Public Schools, General Obligation Unlimited,
Series I,
3.00%, 05/01/2024		85,000		92,413
Grand Rapids Economic Development Corp., Revenue Bonds,
3.00%, 11/01/2022		805,000		803,615
Grand Rapids Public Schools, General Obligation Unlimited
AGM,
5.00%, 05/01/2030 - 11/01/2039		1,680,000		2,111,900
Grand Traverse County Hospital Finance Authority, Revenue Bonds,
0.03%^(D), 07/01/2041		1,000,000		1,000,000


	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Michigan (continued)
Lake City Area Schools, General Obligation Unlimited,
BAM,
5.00%, 05/01/2035		$ 2,725,000		$ 3,275,532
Meridian Economic Development Corp., Revenue Bonds,
Series A,
3.25%, 07/01/2021		605,000		602,901
Michigan Finance Authority, Revenue Bonds
5.00%, 05/15/2054		38,760,000		44,862,762
Series A,
4.00%, 11/15/2050		450,000		519,106
Series C,
5.25%, 10/01/2043		20,000		22,452
Michigan State Hospital Finance Authority, Revenue Bonds
Series F,
Fixed until 04/01/2021, 1.90%^(D), 11/15/2047		120,000		120,346
Fixed until 03/15/2023, 2.40%^(D), 11/15/2047		780,000		814,570
Michigan State Housing Development Authority, Revenue Bonds
Series B,
3.25%, 12/01/2032		2,835,000		3,138,770
Series D,
3.65%, 10/01/2032		2,700,000		2,775,843
Michigan Strategic Fund, Revenue Bonds,
5.00%, 11/15/2049		2,500,000		2,786,950
Saranac Community Schools, General Obligation Unlimited
4.00%, 05/01/2030		400,000		461,388
Series A,
4.00%, 05/01/2025		130,000		149,027
Southgate Community School District, General Obligation Unlimited
5.00%, 05/01/2032 - 05/01/2035		1,950,000		2,383,200
Stockbridge Community Schools, General Obligation Unlimited,
Series A,
5.00%, 05/01/2031		375,000		460,230
Sturgis Public School District, General Obligation Unlimited,
Series A,
5.00%, 05/01/2026		45,000		54,021
Tri-County Area School District, General Obligation Unlimited,
AGM,
4.00%, 05/01/2044		5,170,000		6,098,480
Warren Consolidated Schools, General Obligation Unlimited
AGM,
4.00%, 05/01/2025 - 05/01/2027		700,000		821,674
Series B, BAM,
5.00%, 05/01/2023 - 05/01/2024		5,450,000		6,272,601
Wayne County Airport Authority, Revenue Bonds,
Series A,
5.00%, 12/01/2032		250,000		310,570
Zeeland Public Schools, General Obligation Unlimited
Series B, BAM,
5.00%, 05/01/2026 - 05/01/2030		5,820,000		7,367,624

				96,003,479


Transamerica Funds			Page 15

Transamerica Intermediate Muni

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2021

(unaudited)


	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Minnesota - 2.5%
City of Apple Valley, Revenue Bonds,
4.25%, 09/01/2038		$ 1,000,000		$ 1,025,920
City of Deephaven, Revenue Bonds
Series A,
4.38%, 10/01/2027		245,000		257,120
4.40%, 07/01/2025		110,000		116,405
City of Minneapolis, Revenue Bonds
Series A, AGM-CR,
5.00%, 11/15/2035 - 11/15/2036		21,225,000		26,851,577
City of Red Wing, Revenue Bonds,
Class A,
5.00%, 08/01/2047		1,250,000		1,256,350
City of St. Cloud, Revenue Bonds,
Series A,
3.00%, 04/01/2021		250,000		170,000
City of Stillwater, Tax Allocation
3.00%, 02/01/2021 - 02/01/2027		2,455,000		2,536,778
4.00%, 02/01/2030		500,000		528,615
County of Chippewa, Revenue Bonds
4.00%, 03/01/2023 - 03/01/2026		5,460,000		5,782,838
County of Hennepin, General Obligation Unlimited,
Series B,
0.04%^(D), 12/01/2041		4,175,000		4,175,000
Housing & Redevelopment Authority of the City of St. Paul, Revenue Bonds
Series A,
5.00%, 11/15/2025 - 12/01/2030		1,205,000		1,462,216
Series B,
4.25%, 04/01/2025		125,000		129,123
Minnesota Housing Finance Agency, Revenue Bonds
Series A,
4.00%, 08/01/2031		100,000		112,508
Series B, GNMA, FNMA, FHLMC,
2.40%, 01/01/2035		5,165,000		5,482,699
2.63%, 01/01/2040		6,485,000		6,846,279
Series C, GNMA, FNMA, FHLMC,
2.80%, 07/01/2024		50,000		53,283
2.95%, 07/01/2025		35,000		37,604
Series E, GNMA, FNMA, FHLMC,
3.30%, 01/01/2034		1,960,000		2,119,250
Series F,
2.90%, 01/01/2026		100,000		107,681
2.95%, 07/01/2026		120,000		129,142
Series F, GNMA, FNMA, FHLMC,
2.30%, 07/01/2032		1,000,000		1,048,600
Township of Baytown, Revenue Bonds,
Series A,
4.00%, 08/01/2036		675,000		716,357

				60,945,345

Mississippi - 1.0%
Mississippi Development Bank, Revenue Bonds
AGM,
6.88%, 12/01/2040		3,160,000		3,636,781
AGM-CR,
5.25%, 02/01/2049		7,440,000		9,389,280
BAM,
4.00%, 07/01/2050		3,770,000		4,465,640
Series A,
5.00%, 03/01/2022		650,000		652,353


	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Mississippi (continued)
Mississippi Home Corp., Revenue Bonds
Series A, GNMA, FNMA, FHLMC,
2.20%, 12/01/2024		$ 695,000		$ 735,449
2.35%, 06/01/2025		320,000		342,138
2.45%, 12/01/2025		520,000		562,136
2.70%, 12/01/2026		405,000		446,488
2.75%, 06/01/2027		150,000		165,282
2.80%, 12/01/2027		75,000		82,829
2.85%, 06/01/2028		170,000		187,192
2.95%, 12/01/2028		535,000		589,559
Series E, GNMA, FNMA, FHLMC,
3.00%, 12/01/2028		80,000		88,003
West Rankin Utility Authority, Revenue Bonds
AGM,
5.00%, 01/01/2037 - 01/01/2038		3,105,000		3,582,908

				24,926,038

Missouri - 1.0%
Belton School District No. 124, Certificate of Participation,
AGM,
5.00%, 01/15/2044		700,000		797,531
Branson Industrial Development Authority, Revenue Bonds
Series A,
3.00%, 11/01/2021		350,000		351,641
4.00%, 11/01/2022		350,000		358,305
City of Kansas City, Revenue Bonds,
Series A,
5.00%, 09/01/2034		100,000		100,348
City of St. Louis Industrial Development Authority, Tax Allocation,
3.75%, 11/01/2027		245,000		250,094
Health & Educational Facilities Authority, Revenue Bonds
Series A,
4.00%, 02/15/2049		500,000		572,335
5.00%, 02/01/2029		2,145,000		2,430,499
Kansas City Industrial Development Authority, Revenue Bonds,
5.00%, 03/01/2033		4,690,000		6,233,010
Lincoln University Auxiliary System Revenue, Revenue Bonds
AGM,
4.00%, 06/01/2036 - 06/01/2037		565,000		641,508
5.00%, 06/01/2027		870,000		1,086,004
Missouri Health & Educational Facilities Authority Revenue, Revenue Bonds,
4.00%, 06/01/2053		5,000,000		5,774,100
Missouri Housing Development Commission, Revenue Bonds
Series B, GNMA, FNMA, FHLMC,
2.50%, 05/01/2029		5,000		5,299
2.55%, 11/01/2029		330,000		349,582
Missouri Joint Municipal Electric Utility Commission, Revenue Bonds,
5.00%, 12/01/2043		250,000		296,422
Missouri Southern State University, Revenue Bonds,
Series A, AGM,
4.00%, 10/01/2037		170,000		191,682


Transamerica Funds			Page 16

Transamerica Intermediate Muni

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2021

(unaudited)


	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Missouri (continued)
St. Louis Municipal Finance Corp., Revenue Bonds
Series A, AGM,
5.00%, 02/15/2030 - 02/15/2033		$ 4,160,000		$ 5,043,782
St. Louis Municipal Library District, Certificate of Participation,
BAM,
4.00%, 03/15/2048		1,000,000		1,139,780

				25,621,922

Montana - 0.1%
Montana Facility Finance Authority, Revenue Bonds
5.00%, 07/01/2030		575,000		717,088
Series C,
5.00%, 06/01/2024 - 06/01/2025		1,460,000		1,687,424

				2,404,512

Nebraska - 0.3%
Central Plains Energy Project, Revenue Bonds,
Series A,
5.00%, 09/01/2034		580,000		815,080
Madison County Hospital Authority No. 1, Revenue Bonds,
Series V,
5.00%, 07/01/2025		1,765,000		2,071,863
Omaha Public Power District, Revenue Bonds,
Series A,
5.00%, 02/01/2034		3,850,000		4,468,772

				7,355,715

Nevada - 0.2%
County of Washoe, Revenue Bonds,
Series B,
Fixed until 06/01/2022, 3.00%^(D), 03/01/2036		1,200,000		1,241,844
Henderson Local Improvement District, Special Assessment
2.00%, 09/01/2023		345,000		355,360
2.25%, 09/01/2024		530,000		555,530
2.38%, 03/01/2021 - 03/01/2022		1,150,000		1,168,105
2.50%, 03/01/2023 - 09/01/2025		1,315,000		1,378,507
Nevada System of Higher Education, Revenue Bonds
Series A,
5.00%, 07/01/2021 - 07/01/2024		50,000		53,268

				4,752,614

New Jersey - 7.0%
Camden County Improvement Authority, Revenue Bonds
5.00%, 01/15/2026		230,000		260,953
Series A,
5.00%, 01/15/2029		10,000		11,689
City of Atlantic City, General Obligation Unlimited,
Series B, AGM,
5.00%, 03/01/2037		900,000		1,075,356
City of Bayonne, General Obligation Unlimited,
AGM,
5.00%, 08/01/2024		70,000		81,284


	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
New Jersey (continued)
City of Paterson, General Obligation Unlimited,
BAM,
5.00%, 01/15/2024		$ 745,000		$ 804,488
City of Trenton, General Obligation Unlimited
AGM,
5.00%, 07/15/2034		200,000		249,962
BAM,
5.00%, 07/15/2022 - 12/01/2023		5,805,000		6,347,942
Cumberland County Improvement Authority, Revenue Bonds
BAM,
5.00%, 12/15/2023 - 12/15/2024		845,000		987,419
Essex County Improvement Authority, Revenue Bonds
4.00%, 11/01/2045		3,475,000		3,965,913
Series A,
5.00%, 12/01/2035^{(H) (I)}		535,000		374,500
Garden State Preservation Trust, Revenue Bonds
Series A, AGM,
5.75%, 11/01/2028		5,050,000		6,337,851
Series C, AGM,
5.25%, 11/01/2021		45,000		46,665
Greater Egg Harbor Regional High School District, General Obligation Unlimited
AGM,
4.00%, 02/01/2030		150,000		169,566
5.00%, 02/01/2023 - 02/01/2024		2,345,000		2,658,720
New Jersey Building Authority, Revenue Bonds
Series A,
5.00%, 12/15/2022		45,000		45,126
Series A, BAM,
5.00%, 06/15/2028		640,000		777,568
New Jersey Economic Development Authority, Revenue Bonds
5.00%, 06/15/2042 - 11/01/2044		12,000,000		14,677,060
Series A,
3.50%, 09/01/2022^{(A) (B)}		80,000		80,862
4.25%, 09/01/2027^(A)		200,000		212,784
5.00%, 06/15/2022 - 06/15/2025		8,675,000		9,830,169
5.00%, 09/01/2037^(A)		750,000		803,295
Series A, BAM,
3.13%, 07/01/2031		2,510,000		2,705,152
5.00%, 06/15/2021 - 07/01/2028		12,935,000		14,949,168
Series A, BAM-TCRS,
5.00%, 06/15/2027 - 06/15/2030		15,850,000		19,944,724
Series B,
4.25%, 09/01/2022^{(A) (B)}		95,000		94,966
Series C,
4.00%, 06/15/2025		1,825,000		2,082,945
Series C, BAM-TCRS,
5.00%, 06/15/2026		2,755,000		3,383,168
Series DDD,
5.00%, 06/15/2024		2,000,000		2,295,000
Series DDD, BAM-TCRS,
5.00%, 06/15/2026 - 06/15/2035		6,950,000		8,632,827
Series PP, AGM-CR,
5.00%, 06/15/2025		14,450,000		16,668,219
Series UU, AGM-CR,
5.00%, 06/15/2025		905,000		1,043,927
Series WW,
5.25%, 06/15/2040		1,095,000		1,263,838


Transamerica Funds			Page 17

Transamerica Intermediate Muni

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2021

(unaudited)


	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
New Jersey (continued)
New Jersey Educational Facilities Authority, Revenue Bonds
Series A,
4.00%, 07/01/2050		$ 1,000,000		$ 1,122,920
Series D, AGM,
5.00%, 07/01/2024		2,485,000		2,810,187
Series H, AGM,
5.00%, 07/01/2026		610,000		719,904
New Jersey Health Care Facilities Financing Authority, Revenue Bonds
5.00%, 07/01/2023		70,000		74,775
Series A, AGM,
5.00%, 07/01/2046		110,000		125,918
New Jersey Higher Education Student Assistance Authority, Revenue Bonds,
Series A,
2.38%, 12/01/2029		4,930,000		5,187,149
New Jersey Housing & Mortgage Finance Agency, Revenue Bonds
Series A,
2.60%, 11/01/2024		2,120,000		2,280,463
2.85%, 11/01/2025		1,830,000		2,019,094
Series B,
2.00%, 05/01/2021		4,490,000		4,508,409
Series F, FHLMC,
3.35%, 12/01/2030		1,255,000		1,366,670
New Jersey Transportation Trust Fund Authority, Revenue Bonds
Series A, AGM-CR,
5.50%, 12/15/2022		3,250,000		3,563,527
Series C, AGM,
Zero Coupon, 12/15/2029		5,190,000		4,642,040
Series C, AMBAC, BAM-TCRS,
Zero Coupon, 12/15/2028		2,650,000		2,424,909
New Jersey Turnpike Authority, Revenue Bonds,
Series B,
5.00%, 01/01/2033		15,000		18,805
Parking Authority of the City of Trenton, Revenue Bonds
Series B, AGM,
4.00%, 04/01/2023 - 04/01/2028		1,720,000		1,933,378
State of New Jersey, General Obligation Unlimited
3.00%, 06/01/2032		2,000,000		2,305,600
4.00%, 06/01/2031 - 06/01/2032		4,610,000		5,821,459
5.00%, 06/01/2028		5,000,000		6,444,150
Tobacco Settlement Financing Corp., Revenue Bonds,
Series A,
5.00%, 06/01/2023		25,000		27,737
Town of Kearny, General Obligation Unlimited,
Series A, AGM,
5.00%, 02/01/2023		565,000		614,991

				170,875,191

New Mexico - 0.1%
City of Farmington, Revenue Bonds,
Fixed until 06/01/2022, 2.13% ^(D), 06/01/2040		1,450,000		1,481,480


	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
New Mexico (continued)
New Mexico Mortgage Finance Authority, Revenue Bonds,
Series A-1,
1.65%, 09/01/2021		$ 5,000		$ 5,035
Village of Los Ranchos de Albuquerque, Revenue Bonds,
4.00%, 09/01/2040		825,000		953,510

				2,440,025

New York - 4.6%
Brookhaven Local Development Corp., Revenue Bonds,
4.00%, 11/01/2045		1,000,000		1,061,890
Brooklyn Arena Local Development Corp., Revenue Bonds,
Series A, AGM,
4.00%, 07/15/2035		2,665,000		2,975,659
Buffalo & Erie County Industrial Land Development Corp., Revenue Bonds
5.00%, 10/01/2037		400,000		478,796
Series A,
3.88%, 08/01/2027		2,545,000		2,738,471
5.00%, 08/01/2037		1,320,000		1,483,086
Buffalo Municipal Water Finance Authority, Revenue Bonds,
Series A, AGM,
5.00%, 07/01/2039		455,000		546,318
Build NYC Resource Corp., Revenue Bonds,
5.00%, 07/01/2041		100,000		108,246
City of New York, General Obligation Unlimited,
Series H-6,
0.04% ^(D), 03/01/2034		940,000		940,000
City of Niagara Falls, General Obligation Limited,
BAM,
5.00%, 05/15/2028		55,000		67,287
County of Suffolk, General Obligation Limited
Series D, BAM,
4.00%, 10/15/2027 - 10/15/2029		15,710,000		18,832,364
5.00%, 10/15/2023		115,000		129,226
Dutchess County Local Development Corp., Revenue Bonds
5.00%, 07/01/2032 - 07/01/2036		505,000		564,715
East Ramapo Central School District, General Obligation Unlimited
AGM,
5.00%, 03/15/2039 - 03/15/2047		9,375,000		11,339,428
Jefferson County Civic Facility Development Corp., Revenue Bonds,
Series A,
4.00%, 11/01/2030		350,000		386,718
Lockport City School District, General Obligation Unlimited
2.25%, 08/01/2027		620,000		674,610
2.50%, 08/01/2028		1,145,000		1,244,741
Metropolitan Transportation Authority, Revenue Bonds
Series C, AGM-CR,
5.00%, 11/15/2038		5,000,000		6,313,300
Series D-1, BAM,
5.00%, 11/15/2033		14,250,000		16,506,630


Transamerica Funds			Page 18

Transamerica Intermediate Muni

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2020

(unaudited)


	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
New York (continued)
MTA Hudson Rail Yards Trust Obligations, Revenue Bonds,
Series A,
5.00%, 11/15/2051		$ 2,000,000		$ 2,059,900
New York City Housing Development Corp., Revenue Bonds
Series A, AGM,
4.10%, 07/01/2042		25,000		25,563
Series C-1,
2.25%, 05/01/2026		510,000		540,284
2.30%, 11/01/2026		925,000		981,499
2.40%, 05/01/2027		850,000		901,535
2.45%, 11/01/2027		190,000		201,463
2.55%, 05/01/2028		320,000		339,907
Series I, FNMA,
Fixed until 02/01/2026, 2.95%^(D), 11/01/2045		4,950,000		5,412,033
New York City Industrial Development Agency, Revenue Bonds,
AGM,
4.00%, 03/01/2045		2,500,000		2,961,650
New York Counties Tobacco Trust VI, Revenue Bonds,
Series C,
3.75%, 06/01/2045		180,000		181,903
New York State Dormitory Authority, Revenue Bonds
4.00%, 02/01/2034 - 07/01/2046		2,635,000		3,100,485
Series A,
5.00%, 10/01/2033 - 07/01/2035		515,000		615,291
Series A, AGM,
5.00%, 10/01/2034		335,000		427,443
Series C,
0.04%^(D), 07/01/2031		800,000		800,000
New York State Environmental Facilities Corp., Revenue Bonds,
Series A,
5.00%, 06/15/2021		715,000		727,963
New York State Thruway Authority, Revenue Bonds
Series A,
5.00%, 01/01/2051		175,000		203,873
Series B,
4.00%, 01/01/2050		9,750,000		11,321,602
Niagara Tobacco Asset Securitization Corp., Revenue Bonds,
4.00%, 05/15/2029		140,000		140,221
Niskayuna Central School District, General Obligation Unlimited,
4.00%, 04/15/2021		1,725,000		1,738,783
Oneida County Local Development Corp. Revenue, Revenue Bonds,
4.00%, 12/01/2049		3,000,000		3,425,070
Port Authority of New York & New Jersey, Revenue Bonds,
5.00%, 09/01/2048		2,160,000		2,682,158
State of New York Mortgage Agency, Revenue Bonds
Series 190,
3.45%, 10/01/2030		110,000		116,651
Series 197,
1.90%, 04/01/2025		925,000		971,278
Town of North Hempstead, General Obligation Limited
Series A,
2.50%, 03/15/2030		1,230,000		1,338,338
2.75%, 03/15/2031 - 03/15/2033		2,865,000		3,129,894


	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
New York (continued)
Town of Oyster Bay, General Obligation Limited,
AGM-CR,
4.00%, 02/15/2024		$ 1,035,000		$ 1,149,906
TSASC, Inc., Revenue Bonds,
Series A,
5.00%, 06/01/2024		140,000		160,996
Westchester County Local Development Corp., Revenue Bonds,
5.00%, 11/01/2026		675,000		793,584
Windsor Central School District, General Obligation Unlimited
3.00%, 06/15/2030 - 06/15/2031		285,000		309,652

				113,150,410

North Carolina - 0.8%
City of Charlotte, Certificate of Participation,
Series A,
5.00%, 12/01/2021		25,000		26,008
City of Raleigh Combined Enterprise System Revenue, Revenue Bonds,
Series B,
0.05%^(D), 03/01/2035		1,750,000		1,750,000
North Carolina Housing Finance Agency, Revenue Bonds
Series 37-B, GNMA, FNMA,
1.95%, 07/01/2023		15,000		15,478
Series 38-B,
2.38%, 01/01/2025		1,945,000		2,083,698
2.45%, 07/01/2025		1,150,000		1,245,324
2.65%, 01/01/2026		1,000,000		1,091,910
2.80%, 01/01/2027		75,000		83,405
North Carolina Medical Care Commission, Revenue Bonds
2.30%, 09/01/2025		1,250,000		1,260,862
5.00%, 01/01/2038		620,000		693,321
Series A,
5.00%, 10/01/2040 - 10/01/2050		3,990,000		4,801,852
Series B-1,
2.55%, 09/01/2026		1,575,000		1,587,663
North Carolina Turnpike Authority, Revenue Bonds,
AGM,
5.00%, 01/01/2035		995,000		1,250,974
Winston-Salem State University, Revenue Bonds
BAM,
5.00%, 06/01/2029 - 06/01/2036		3,445,000		4,095,311

				19,985,806

North Dakota - 0.2%
City of Mandan, Revenue Bonds,
Series A,
4.00%, 09/01/2034		1,010,000		1,097,133
County of Burleigh, Revenue Bonds,
3.60%, 05/01/2024		285,000		287,776
County of Burleigh Multi-County Sales Tax Revenue, Revenue Bonds
Series A, AGM,
3.00%, 11/01/2024 - 11/01/2025		905,000		949,335
Fargo Public School District No. 1, General Obligation Limited,
Series A,
3.00%, 08/01/2026		25,000		27,152


Transamerica Funds			Page 19

Transamerica Intermediate Muni

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2021

(unaudited)


	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
North Dakota (continued)
Jamestown Park District, Revenue Bonds
Series A,
4.00%, 07/01/2026 - 07/01/2027		$ 1,135,000		$ 1,250,361
North Dakota Housing Finance Agency, Revenue Bonds
Series A,
2.80%, 07/01/2023		55,000		57,872
Series C,
2.55%, 01/01/2028		775,000		825,762

				4,495,391

Ohio - 2.1%
Brunswick City School District, General Obligation Unlimited
Series A,
5.00%, 12/01/2027 - 12/01/2036		520,000		578,781
Buckeye Tobacco Settlement Financing Authority, Revenue Bonds
Series A-2, Class 1,
4.00%, 06/01/2048		2,000,000		2,322,260
Series B-2, Class 2,
5.00%, 06/01/2055		20,730,000		24,155,011
Cardinal Local School District, Certificate of Participation,
5.25%, 04/01/2038		1,750,000		1,800,557
Cleveland Heights & University Heights City School District, General Obligation Unlimited
4.00%, 12/01/2029 - 12/01/2030		1,095,000		1,304,069
Cleveland-Cuyahoga County Port Authority, Revenue Bonds
Series C,
3.00%, 05/15/2021 - 11/15/2023		520,000		529,678
Cleveland-Cuyahoga County Port Authority, Tax Allocation
Series D,
3.00%, 05/15/2021 - 05/15/2023		1,175,000		1,187,559
Conotton Valley Union Local School District, Certificate of Participation
MAC,
4.00%, 12/01/2035 - 12/01/2037		590,000		657,664
County of Butler, Revenue Bonds,
5.00%, 11/15/2027		65,000		82,995
County of Lucas, Revenue Bonds,
Series D,
5.00%, 11/15/2023		810,000		831,627
County of Scioto, Revenue Bonds,
AGM-CR,
3.50%, 02/15/2038		330,000		354,146
County of Warren, Revenue Bonds
5.00%, 07/01/2023		250,000		274,688
Series A,
4.00%, 07/01/2045		250,000		278,447
Dayton City School District, Certificate of Participation,
4.00%, 12/01/2026		445,000		524,486
East Knox Local School District, General Obligation Unlimited,
BAM,
4.00%, 12/01/2030		260,000		297,664
Euclid City School District, Certificate of Participation,
BAM,
4.00%, 12/01/2044		600,000		697,926


	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Ohio (continued)
Indian Creek Local School District, General Obligation Unlimited,
Series B, BAM,
5.00%, 11/01/2055		$ 200,000		$ 242,650
Little Miami Local School District, General Obligation Unlimited,
Series B,
5.00%, 11/01/2048		2,000,000		2,347,960
Ohio Housing Finance Agency, Revenue Bonds
Series D, GNMA, FNMA, FHLMC,
3.05%, 09/01/2032		1,595,000		1,722,871
3.40%, 09/01/2037		3,175,000		3,454,082
Ohio State University, Revenue Bonds,
Series E,
0.03%^(D), 06/01/2035		505,000		505,000
Pinnacle Community Infrastructure Financing Authority, Revenue Bonds,
Series A, AGM,
4.00%, 12/01/2031		1,040,000		1,178,320
State of Ohio, Revenue Bonds
4.00%, 11/15/2036 - 11/15/2040		3,245,000		3,642,320
Summit County Development Finance Authority, Revenue Bonds
4.00%, 12/01/2028 - 12/01/2032		570,000		603,490
Series C,
4.00%, 11/15/2024 - 11/15/2025		155,000		171,862
University of Toledo, Revenue Bonds,
Series B, BAM-TCRS,
5.00%, 06/01/2030		380,000		497,473
Warrensville Heights City School District, General Obligation Unlimited,
Series A, BAM,
5.25%, 12/01/2055		1,000,000		1,192,610
Willoughby-Eastlake City School District, Certificate of Participation,
BAM,
4.00%, 03/01/2025		145,000		163,390

				51,599,586

Oklahoma - 0.4%
Caddo County Governmental Building Authority, Revenue Bonds,
5.00%, 09/01/2027		435,000		520,203
Cleveland County Educational Facilities Authority, Revenue Bonds,
5.00%, 06/01/2023		45,000		49,437
Garfield County Educational Facilities Authority, Revenue Bonds,
Series A,
5.00%, 09/01/2027		1,315,000		1,633,112
Grady County School Finance Authority, Revenue Bonds
3.00%, 12/01/2028		85,000		91,269
4.00%, 12/01/2023		875,000		956,113
5.00%, 09/01/2022 - 12/01/2027		3,725,000		4,525,390
Jefferson County Educational Facilities Authority, Revenue Bonds
3.25%, 12/01/2023		135,000		142,032
3.38%, 12/01/2024		135,000		145,020


Transamerica Funds			Page 20

Transamerica Intermediate Muni

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2021

(unaudited)


	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Oklahoma (continued)
Oklahoma Housing Finance Agency, Revenue Bonds,
Series A, GNMA, FNMA, FHLMC,
2.75%, 09/01/2034		$ 1,710,000		$ 1,834,591
Oklahoma Water Resources Board, Revenue Bonds,
Series B,
4.75%, 04/01/2039		55,000		55,422

				9,952,589

Oregon - 0.9%
County of Jackson Airport Revenue, Revenue Bonds
AGM,
5.00%, 12/01/2030 - 12/01/2032		255,000		303,198
Klamath Falls Intercommunity Hospital Authority, Revenue Bonds,
3.00%, 09/01/2035		820,000		868,257
Medford Hospital Facilities Authority, Revenue Bonds,
Series A, AGM,
4.00%, 08/15/2040		4,165,000		5,038,775
Oregon State Facilities Authority, Revenue Bonds
Series A,
5.00%, 10/01/2021 - 10/01/2040		1,190,000		1,397,918
5.50%, 06/15/2035^(A)		750,000		797,745
State of Oregon Housing & Community Services Department, Revenue Bonds
Series A,
2.45%, 07/01/2034		3,360,000		3,544,397
2.65%, 07/01/2039		7,650,000		8,103,645
Series D,
2.30%, 01/01/2026		675,000		720,603
2.45%, 01/01/2027		1,040,000		1,124,344
Warm Springs Reservation Confederated Tribe, Revenue Bonds
Series B,
5.00%, 11/01/2034 - 11/01/2036^(A)		600,000		731,311

				22,630,193

Pennsylvania - 5.2%
Allegheny County Sanitary Authority, Revenue Bonds
AGM,
4.00%, 12/01/2035		295,000		343,634
5.00%, 12/01/2024		30,000		35,405
Allentown City School District, General Obligation Limited,
AGM,
4.00%, 02/15/2023		5,295,000		5,653,207
Altoona Area School District, General Obligation Limited,
BAM,
5.00%, 12/01/2036		160,000		190,779
Beaver County Economic Development Authority, Revenue Bonds
BAM,
4.00%, 11/15/2035 - 11/15/2036		4,000,000		4,569,000
Borough of Monaca, General Obligation Unlimited,
Series C, BAM,
4.00%, 11/15/2050		500,000		553,310


	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Pennsylvania (continued)
Bradys Run Sanitary Authority Sewer System Revenue, Revenue Bonds,
AGM,
4.00%, 12/01/2045		$ 750,000		$ 866,888
Bristol Township School District, General Obligation Limited,
BAM-TCRS,
5.00%, 06/01/2027		80,000		88,261
Bucks County Industrial Development Authority, Revenue Bonds
4.00%, 08/15/2050		6,110,000		6,844,239
5.00%, 10/01/2033 - 10/01/2037		1,950,000		2,209,947
Chartiers Valley School District, General Obligation Limited,
Series B,
5.00%, 10/15/2040		115,000		134,088
Cheltenham Township School District, General Obligation Limited,
Series A,
5.00%, 02/15/2033		90,000		103,804
City of Allentown, General Obligation Unlimited,
BAM,
4.00%, 10/01/2045		65,000		75,962
City of Reading, General Obligation Unlimited,
BAM,
5.00%, 11/01/2021		675,000		697,673
Coatesville School District, General Obligation Limited
Series A, BAM,
Zero Coupon, 10/01/2037 - 10/01/2038		1,500,000		819,445
Commonwealth Financing Authority, Revenue Bonds,
Series B-1, AGM,
5.00%, 06/01/2025		2,900,000		3,481,247
County of Lackawanna, General Obligation Unlimited
BAM,
4.00%, 09/15/2032 - 09/15/2033		6,965,000		8,144,925
Cumberland County Municipal Authority, Revenue Bonds
3.00%, 01/01/2022		805,000		810,055
5.00%, 01/01/2029		1,000,000		1,115,270
Delaware County Authority, Revenue Bonds
4.00%, 10/01/2021 - 10/01/2022		370,000		378,536
Delaware Valley Regional Finance Authority, Revenue Bonds,
Series B, AMBAC,
5.70%, 07/01/2027		350,000		454,755
Erie County Conventional Center Authority, Revenue Bonds,
5.00%, 01/15/2026		1,725,000		2,041,606
Fairview School District, General Obligation Limited
Series A,
4.00%, 02/01/2024 - 02/01/2026		180,000		201,412
Indiana County Hospital Authority, Revenue Bonds,
Series A,
5.50%, 06/01/2029		250,000		264,413
Lancaster Industrial Development Authority, Revenue Bonds,
4.00%, 12/01/2044		1,070,000		1,169,745


Transamerica Funds			Page 21

Transamerica Intermediate Muni

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2021

(unaudited)


	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Pennsylvania (continued)
Lancaster School District, General Obligation Limited,
Series A, AGM,
5.00%, 06/01/2031		$ 735,000		$ 867,704
Mountaintop Area Joint Sanitary Authority Sewer Revenue, Revenue Bonds,
4.00%, 12/15/2046		2,510,000		2,887,404
Nazareth Area School District, General Obligation Limited,
Series D,
5.00%, 11/15/2035		10,000		12,048
Penn Delco School District, General Obligation Limited,
4.00%, 06/01/2045		2,475,000		2,804,076
Penn Hills School District, General Obligation Limited
BAM,
5.00%, 11/15/2023 - 11/15/2024		180,000		206,957
Series A, BAM,
5.00%, 11/15/2025		110,000		132,524
Pennsylvania Economic Development Financing Authority, Revenue Bonds,
AGM,
5.00%, 01/01/2034		105,000		115,775
Pennsylvania Higher Educational Facilities Authority, Revenue Bonds,
4.00%, 08/15/2049		1,295,000		1,507,445
Pennsylvania Housing Finance Agency, Revenue Bonds
Series 119,
1.85%, 04/01/2022		620,000		629,895
Series 121,
2.20%, 04/01/2026		2,155,000		2,291,368
2.25%, 10/01/2026		1,275,000		1,355,044
2.35%, 04/01/2027		3,505,000		3,731,458
Series 124B,
2.30%, 04/01/2026		1,365,000		1,467,334
2.40%, 10/01/2026		745,000		807,714
2.45%, 04/01/2027		1,600,000		1,733,776
2.55%, 10/01/2027		1,450,000		1,578,760
2.65%, 04/01/2028		1,700,000		1,845,265
2.75%, 10/01/2028		1,580,000		1,723,638
Series 129,
2.20%, 04/01/2027		670,000		718,729
2.25%, 10/01/2027		660,000		711,440
2.35%, 04/01/2028		1,405,000		1,521,615
2.40%, 10/01/2028		1,135,000		1,235,266
2.45%, 04/01/2029 - 10/01/2029		2,600,000		2,823,543
2.55%, 04/01/2030		1,280,000		1,386,995
2.60%, 10/01/2030		1,395,000		1,508,176
Pennsylvania Turnpike Commission, Revenue Bonds
Series A,
5.00%, 12/01/2044		10,055,000		12,453,017
Series A, AGM,
4.00%, 12/01/2049		11,725,000		13,797,394
Series B,
5.00%, 12/01/2034 - 12/01/2038		1,320,000		1,632,531
Series B, BAM-TCRS,
5.25%, 12/01/2044		8,275,000		9,527,504
Series C,
5.00%, 12/01/2044		500,000		573,240
Series E,
6.38%, 12/01/2038^(E)		485,000		648,542
Philadelphia Gas Works Co., Revenue Bonds
4.00%, 10/01/2036 - 10/01/2037		300,000		334,070
5.00%, 08/01/2024		150,000		172,596


	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Pennsylvania (continued)
Reading School District, General Obligation Unlimited
Series A, AGM,
5.00%, 02/01/2026 - 02/01/2027		$ 2,040,000		$ 2,414,781
State Public School Building Authority, Revenue Bonds
5.00%, 09/15/2021 - 09/15/2022		180,000		188,972
AGM,
5.00%, 10/01/2023		125,000		140,351
Series A, AGM,
5.00%, 09/15/2021 - 06/01/2032		2,590,000		3,017,751
Upper Dublin School District, General Obligation Limited
4.00%, 05/15/2037 - 05/15/2044		1,845,000		2,027,683
Wilkes-Barre Area School District, General Obligation Limited
BAM,
4.00%, 04/15/2054		1,505,000		1,719,688
5.00%, 04/15/2059		2,025,000		2,505,654

				128,005,329

Puerto Rico - 1.0%
Children’s Trust Fund, Revenue Bonds,
5.63%, 05/15/2043		125,000		125,706
Commonwealth of Puerto Rico, General Obligation Unlimited
AGM,
5.13%, 07/01/2030		10,000		10,382
AGM-CR,
4.50%, 07/01/2023		100,000		100,501
Series A, AGC-ICC,
5.00%, 07/01/2023 - 07/01/2034		615,000		637,989
5.50%, 07/01/2029		140,000		166,375
Series A, AGM,
4.00%, 07/01/2022		470,000		486,506
5.00%, 07/01/2035		1,645,000		1,732,366
5.25%, 07/01/2024		255,000		262,844
6.00%, 07/01/2034		440,000		449,152
Series A-4, AGM,
5.00%, 07/01/2031		115,000		117,306
Series B, AGC-ICC,
5.00%, 07/01/2035		715,000		739,517
Series C, AGM,
5.75%, 07/01/2037		480,000		503,626
Puerto Rico Convention Center District Authority, Revenue Bonds
Series A, AGC,
4.50%, 07/01/2036		1,765,000		1,782,668
5.00%, 07/01/2027		535,000		554,453
Puerto Rico Electric Power Authority, Revenue Bonds
Series DDD, AGM,
3.65%, 07/01/2024		620,000		621,333
5.00%, 07/01/2023		40,000		41,453
Series RR, AGC,
5.00%, 07/01/2028		345,000		357,741
Series SS, AGC,
4.38%, 07/01/2030		145,000		145,397
Series SS, AGM,
5.00%, 07/01/2030		2,100,000		2,179,905
Series TT, AGC-ICC,
5.00%, 07/01/2032		50,000		51,930
Series UU, AGC,
4.25%, 07/01/2027		20,000		20,053
5.00%, 07/01/2026		650,000		673,621


Transamerica Funds			Page 22

Transamerica Intermediate Muni

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2020

(unaudited)


	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Puerto Rico (continued)
Puerto Rico Electric Power Authority, Revenue Bonds (continued)
Series UU, AGM,
4.00%, 07/01/2023		$ 120,000		$ 120,293
5.00%, 07/01/2021 - 07/01/2024		1,100,000		1,135,542
Series VV, AGM,
5.25%, 07/01/2027		80,000		93,347
Puerto Rico Highway & Transportation Authority, Revenue Bonds
AGC-ICC,
5.00%, 07/01/2028		30,000		31,108
Series A, AGC-ICC,
4.75%, 07/01/2038		185,000		189,717
Series A, AGM-CR,
4.75%, 07/01/2038		395,000		405,072
Series CC, AGM,
5.25%, 07/01/2034 - 07/01/2036		325,000		393,347
Series CC, AGM-CR,
5.50%, 07/01/2029 - 07/01/2031		160,000		193,294
Series D, AGM,
5.00%, 07/01/2027 - 07/01/2032		3,575,000		3,711,024
Series E, AGM,
5.50%, 07/01/2023		115,000		125,490
Series M, AGC-ICC,
5.00%, 07/01/2032 - 07/01/2037		1,175,000		1,214,566
Series N, AGC,
5.25%, 07/01/2034 - 07/01/2036		260,000		315,446
Series N, AGM-CR, AGC,
5.25%, 07/01/2034		335,000		405,152
Series N, AGM-CR, AGC-ICC,
5.50%, 07/01/2025		95,000		109,175
Puerto Rico Infrastructure Financing Authority, Revenue Bonds,
Series B, AGC-ICC,
5.00%, 07/01/2041		35,000		35,686
Puerto Rico Municipal Finance Agency, Revenue Bonds
Series A, AGM,
5.00%, 08/01/2021 - 08/01/2030		2,545,000		2,638,902
Puerto Rico Public Buildings Authority, Revenue Bonds
AGC-ICC,
5.25%, 07/01/2033		350,000		363,594
Series I, AGC-ICC,
5.00%, 07/01/2036		495,000		510,691
Series L, AGM-CR,
5.50%, 07/01/2021		125,000		127,142
Series N, AGC-ICC,
5.00%, 07/01/2032		210,000		218,106

				24,097,518

Rhode Island - 1.0%
Providence Public Building Authority, Revenue Bonds
Series A, AGM,
5.00%, 09/15/2024 - 09/15/2037		14,630,000		17,676,838
Providence Redevelopment Agency, Revenue Bonds,
Series A, AGM-CR,
5.00%, 04/01/2027		1,200,000		1,409,256
Rhode Island Commerce Corp., Revenue Bonds,
BAM-TCRS,
5.00%, 07/01/2034		1,395,000		1,740,778


	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Rhode Island (continued)
Rhode Island Health & Educational Building Corp., Revenue Bonds
5.00%, 05/15/2028 - 05/15/2029		$ 2,425,000		$ 2,834,600
AGM,
4.00%, 05/15/2024		55,000		61,169
Series C,
5.00%, 09/15/2027		180,000		220,219
Rhode Island Turnpike & Bridge Authority, Revenue Bonds,
Series A,
5.00%, 10/01/2024		130,000		150,630
Tobacco Settlement Financing Corp., Revenue Bonds
Series A,
5.00%, 06/01/2023 - 06/01/2027		1,140,000		1,331,969

				25,425,459

South Carolina - 0.3%
City of Georgetown Combined Public Utility Revenue, Revenue Bonds,
Series A, BAM,
4.00%, 06/01/2029		385,000		436,428
Piedmont Municipal Power Agency, Revenue Bonds,
Series C, AGC,
5.75%, 01/01/2034		200,000		203,672
SCAGO Educational Facilities Corp. for Williamsburg School District, Revenue Bonds,
Series B, BAM,
5.00%, 12/01/2024		125,000		147,260
South Carolina Association of Governmental Organizations, Certificate of Participation,
Series C,
2.00%, 03/01/2021		410,000		410,639
South Carolina Jobs-Economic Development Authority, Revenue Bonds,
5.00%, 10/01/2026^(A)		2,400,000		2,534,496
South Carolina Public Service Authority, Revenue Bonds,
Series A, AGM-CR,
5.00%, 12/01/2036		125,000		129,644
Spartanburg Regional Health Services District, Revenue Bonds
Series A, AGM,
4.00%, 04/15/2036 - 04/15/2045		2,545,000		2,965,787

				6,827,926

South Dakota - 0.4%
South Dakota Housing Development Authority, Revenue Bonds
Series B, GNMA, FNMA, FHLMC,
2.20%, 11/01/2024		465,000		493,309
2.30%, 05/01/2025		250,000		266,473
2.45%, 11/01/2025		240,000		260,316
2.55%, 05/01/2026		1,360,000		1,483,951
2.65%, 11/01/2026		130,000		143,228
2.75%, 05/01/2027		970,000		1,070,841
2.80%, 11/01/2027		1,330,000		1,467,628
2.85%, 05/01/2028		1,210,000		1,331,266
2.95%, 11/01/2028		440,000		484,466
Series C,
2.00%, 05/01/2023		20,000		20,682
Series F, GNMA, FNMA, FHLMC,
2.60%, 05/01/2027		860,000		953,921
2.70%, 05/01/2028		390,000		433,430
2.75%, 11/01/2028		1,425,000		1,583,417

				9,992,928


Transamerica Funds			Page 23

Transamerica Intermediate Muni

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2020

(unaudited)


	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Tennessee - 1.2%
Chattanooga Health Educational & Housing Facility Board, Revenue Bonds,
5.00%, 10/01/2027		$ 675,000		$ 754,191
City of Jackson, Revenue Bonds,
5.00%, 04/01/2041		150,000		183,952
Greeneville Health & Educational Facilities Board, Revenue Bonds,
Series A,
5.00%, 07/01/2034		3,005,000		3,269,079
Knox County Health Educational & Housing Facility Board, Revenue Bonds,
Series A,
5.00%, 01/01/2026		100,000		120,671
Tennessee Housing Development Agency, Revenue Bonds
2.45%, 01/01/2024		260,000		273,647
2.75%, 01/01/2025		40,000		43,222
2.80%, 07/01/2025		280,000		304,534
2.95%, 01/01/2026		45,000		49,832
3.00%, 01/01/2031		435,000		473,041
Series 2B,
2.30%, 01/01/2022		285,000		289,697
2.55%, 01/01/2028		340,000		363,280
2.70%, 07/01/2024		195,000		207,147
Series B2,
2.05%, 01/01/2024		890,000		926,454
2.15%, 07/01/2024		265,000		278,446
2.25%, 01/01/2025		1,000,000		1,059,280
2.40%, 07/01/2025		2,000,000		2,140,600
2.55%, 01/01/2026		120,000		130,148
2.60%, 07/01/2026		800,000		871,976
2.80%, 07/01/2027		2,270,000		2,483,698
2.85%, 01/01/2028		3,205,000		3,496,495
2.95%, 07/01/2028		2,655,000		2,905,818
3.00%, 01/01/2029		2,750,000		2,997,280
3.05%, 07/01/2029		3,100,000		3,377,481
3.15%, 01/01/2030		2,820,000		3,078,453

				30,078,422

Texas - 4.6%
Allen Independent School District, General Obligation Unlimited,
5.00%, 02/15/2021		650,000		651,157
Board of Managers Joint Guadalupe County-City of Seguin Hospital, Revenue Bonds,
5.00%, 12/01/2022		2,115,000		2,254,294
Camino Real Regional Mobility Authority, Revenue Bonds,
AGM,
5.00%, 06/01/2024		430,000		491,494
Centerville Independent School District, General Obligation Unlimited,
4.00%, 08/15/2036		535,000		546,267
Central Texas Regional Mobility Authority, Revenue Bonds,
5.00%, 01/01/2045		2,500,000		3,137,650
Central Texas Turnpike System, Revenue Bonds,
Series A, AGM-CR,
5.00%, 08/15/2041		125,000		134,379
City of Arlington, General Obligation Limited,
4.00%, 08/15/2021		555,000		566,627


	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Texas (continued)
City of Arlington, Special Tax Revenue
Series C, BAM,
5.00%, 02/15/2045		$ 145,000		$ 145,467
City of Bryan Rural Electric System Revenue, Revenue Bonds,
5.00%, 07/01/2025		30,000		35,934
City of Dallas, General Obligation Limited,
5.00%, 02/15/2021		635,000		636,137
City of Dallas, Revenue Bonds,
AGC,
5.25%, 08/15/2038		345,000		346,308
City of Laredo International Toll Bridge System Revenue, Revenue Bonds,
AGM,
5.00%, 10/01/2022		90,000		97,078
City of Pearland, General Obligation Limited,
5.00%, 03/01/2023		25,000		27,452
Colorado River Municipal Water District, Revenue Bonds,
5.00%, 01/01/2023		760,000		830,110
County of Kaufman, General Obligation Limited,
Series A,
4.00%, 02/15/2045		250,000		291,930
County of Titus, General Obligation Unlimited,
AGM,
5.00%, 03/01/2021		1,290,000		1,295,095
Dallas County Flood Control District No. 1, General Obligation Unlimited
5.00%, 04/01/2021 - 04/01/2024^(A)		5,040,000		5,225,832
Dallas-Fort Worth International Airport, Revenue Bonds,
Series C,
5.00%, 11/01/2034		40,000		44,596
Denton County Fresh Water Supply District No. 10, General Obligation Unlimited,
AGM,
2.75%, 09/01/2030		80,000		84,242
El Paso County Hospital District, General Obligation Limited,
5.00%, 08/15/2026		150,000		160,310
Fort Bend County Levee Improvement District No. 15, General Obligation Unlimited
BAM,
4.00%, 09/01/2029 - 09/01/2032		380,000		411,352
Fort Bend County Municipal Utility District No. 58, General Obligation Unlimited,
4.00%, 04/01/2040		300,000		301,407
Frisco Independent School District, General Obligation Unlimited,
PSF-GTD,
3.00%, 02/15/2021		400,000		400,424
Grand Parkway Transportation Corp., Revenue Bonds,
Series B,
5.00%, 04/01/2053		25,000		28,222
Grant Road Public Utility District, General Obligation Unlimited,
AGC,
3.50%, 10/01/2023		750,000		751,890
Harris County Municipal Utility District No. 399, General Obligation Unlimited,
AGM,
4.00%, 09/01/2033		270,000		289,764


Transamerica Funds			Page 24

Transamerica Intermediate Muni

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2021

(unaudited)


	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Texas (continued)
Harris County Municipal Utility District No. 412, General Obligation Unlimited,
MAC,
3.00%, 09/01/2021		$ 100,000		$ 101,512
Harris County Toll Road Authority, Revenue Bonds,
5.00%, 08/15/2021		1,390,000		1,426,960
Harris County-Houston Sports Authority, Revenue Bonds
NATL,
Zero Coupon, 11/15/2024		400,000		369,125
Series A, AGM,
5.00%, 11/15/2027		1,135,000		1,308,269
Houston Higher Education Finance Corp., Revenue Bonds,
5.00%, 08/15/2024		340,000		392,795
Love Field Airport Modernization Corp., Revenue Bonds,
5.25%, 11/01/2040		570,000		581,805
Montgomery County Municipal Utility District No. 113, General Obligation Unlimited,
AGM,
3.00%, 09/01/2033		150,000		156,699
Montgomery County Municipal Utility District No. 119, General Obligation Unlimited,
BAM,
4.00%, 04/01/2024		275,000		304,106
Nacogdoches County Hospital District, Revenue Bonds,
AGM,
4.00%, 05/15/2037		400,000		410,072
New Hope Cultural Education Facilities Finance Corp., Revenue Bonds
3.00%, 07/01/2021 - 01/01/2024		675,000		674,684
4.00%, 07/01/2023 - 07/01/2028		2,355,000		2,410,249
5.00%, 01/01/2022 - 01/01/2028		3,835,000		4,152,932
Series A1,
4.00%, 07/01/2021 - 07/01/2036		2,130,000		2,030,021
5.00%, 07/01/2031 - 07/01/2046		1,815,000		1,848,656
Series B,
4.00%, 07/01/2021 - 07/01/2023		1,815,000		1,778,161
Series B1, AGM,
5.00%, 07/01/2058		625,000		722,844
North Central Texas Health Facility Development Corp., Revenue Bonds,
5.00%, 08/15/2022		90,000		96,608
North East Independent School District, General Obligation Unlimited,
Series B,
Fixed until 08/01/2021, 1.42%^(D), 08/01/2040		5,385,000		5,416,287
North Texas Tollway Authority, Revenue Bonds,
AGC,
6.20%, 01/01/2042^(E)		715,000		857,914
Northeast Higher Education Finance Corp., Revenue Bonds,
Series A,
4.00%, 08/15/2025		70,000		76,792
Northwoods Road District No. 1, General Obligation Unlimited
BAM,
4.00%, 08/15/2024 - 08/15/2027		405,000		466,372


	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Texas (continued)
Old Spanish Trail-Alemda Corridors Redevelopment Authority, Tax Allocation
BAM,
4.00%, 09/01/2036 - 09/01/2037		$ 2,450,000		$ 2,840,006
Pottsboro Higher Education Finance Corp., Revenue Bonds,
Series A,
3.88%, 08/15/2026		410,000		440,512
Southwest Houston Redevelopment Authority, Tax Allocation,
Series B, AGM,
5.00%, 09/01/2034		2,000,000		2,422,380
State of Texas, Revenue Bonds,
4.00%, 08/26/2021		55,030,000		56,261,021
Tarrant County Cultural Education Facilities Finance Corp., Revenue Bonds,
0.03%^(D), 07/01/2047		2,200,000		2,200,000
Texas Public Finance Authority, Revenue Bonds,
BAM,
4.00%, 05/01/2029		150,000		167,149
Travis County Municipal Utility District No. 4, General Obligation Unlimited,
AGM,
4.00%, 09/01/2035		450,000		471,622
Trophy Club Public Improvement District No. 1, Special Assessment,
AGM,
3.00%, 06/01/2024		98,000		104,964
University of Houston, Revenue Bonds,
Series A,
5.00%, 02/15/2024		40,000		40,070
Viridian Municipal Management District, General Obligation Unlimited
BAM,
4.00%, 12/01/2026		610,000		685,487
6.00%, 12/01/2024 - 12/01/2031		1,285,000		1,546,753
Washington County Junior College District, Revenue Bonds,
BAM,
5.00%, 10/01/2024		485,000		565,423

				112,513,668

U.S. Virgin Islands - 0.0%^(F)
Virgin Islands Public Finance Authority, Revenue Bonds,
Series A, AGM-CR,
5.00%, 10/01/2032^(B)		100,000		106,443

Utah - 0.3%
City of South Jordan, Special Assessment,
3.13%, 11/01/2036		1,860,000		1,998,440
Jordan Valley Water Conservancy District, Revenue Bonds
Series A,
5.00%, 10/01/2034 - 10/01/2035		970,000		999,296
Utah Charter School Finance Authority, Revenue Bonds
4.00%, 10/15/2021 - 10/15/2031		890,000		964,448
4.25%, 04/15/2034		120,000		128,705
Series A,
5.00%, 10/15/2024 - 10/15/2025		1,035,000		1,197,913
Series G,
4.00%, 10/15/2022 - 10/15/2028		1,110,000		1,250,572

				6,539,374


Transamerica Funds			Page 25

Transamerica Intermediate Muni

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2021

(unaudited)


	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Vermont - 0.4%
City of Burlington, General Obligation Unlimited
Series A,
5.00%, 11/01/2034 - 11/01/2035		$ 290,000		$ 368,204
Series A, AGM,
5.00%, 11/01/2032		540,000		586,078
City of Burlington Waterworks System Revenue, Revenue Bonds,
5.00%, 11/01/2034		125,000		158,978
Vermont Educational & Health Buildings Financing Agency, Revenue Bonds
Series A,
5.00%, 12/01/2026 - 12/01/2027		1,175,000		1,440,444
Vermont Housing Finance Agency, Revenue Bonds
Series A, GNMA, FNMA, FHLMC,
3.13%, 11/01/2042		895,000		967,611
Series D, GNMA, FNMA, FHLMC,
2.60%, 11/01/2026		270,000		300,248
2.90%, 05/01/2029		225,000		246,546
3.15%, 05/01/2033		1,540,000		1,669,761
Vermont Municipal Bond Bank, Revenue Bonds,
Series A,
4.00%, 10/01/2040		500,000		597,530
Vermont Public Power Supply Authority, Revenue Bonds
Series A,
4.00%, 07/01/2021		200,000		202,982
5.00%, 07/01/2022 - 07/01/2027		3,105,000		3,643,748

				10,182,130

Virginia - 0.7%
City of Norfolk, General Obligation Unlimited,
0.05%^(D), 08/01/2037		5,450,000		5,450,000
Henrico County Economic Development Authority, Revenue Bonds,
Series C,
3.50%, 12/01/2027		445,000		491,600
Loudoun County Economic Development Authority, Revenue Bonds
Zero Coupon, 07/01/2049		8,740,000		3,757,676
0.05%^(D), 10/01/2039		825,000		825,000
Series D,
0.05%^(D), 02/15/2038		2,030,000		2,030,000
Virginia College Building Authority, Revenue Bonds,
Series A,
5.00%, 02/01/2021		620,000		620,000
Virginia Housing Development Authority, Revenue Bonds
Series E,
2.45%, 12/01/2027		830,000		904,152
2.60%, 12/01/2028		800,000		871,976
Virginia Small Business Financing Authority, Revenue Bonds,
4.00%, 11/01/2036		1,900,000		2,279,829

				17,230,233

Washington - 0.7%
Central Puget Sound Regional Transit Authority, Revenue Bonds,
NATL,
4.75%, 02/01/2028		50,000		55,444


	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Washington (continued)
Port of Vancouver, Revenue Bonds,
Series B, AGM,
5.00%, 12/01/2048		$ 930,000		$ 1,148,950
Washington Health Care Facilities Authority, Revenue Bonds
0.04%^(D), 10/01/2042		600,000		600,000
Series A,
4.00%, 08/15/2046		100,000		103,155
Series B,
5.00%, 10/01/2026		85,000		106,100
Series C,
5.00%, 10/01/2044		5,000,000		5,739,450
Washington State Housing Finance Commission, Revenue Bonds
3.20%, 07/01/2021^(A)		120,000		120,133
3.70%, 07/01/2023^(A)		130,000		132,555
5.00%, 07/01/2033^(A)		375,000		409,905
Series 2N, GNMA, FNMA, FHLMC,
2.20%, 12/01/2025		90,000		96,227
2.35%, 06/01/2026		175,000		189,278
Series 3N, GNMA, FNMA, FHLMC,
2.25%, 06/01/2024		780,000		822,580
2.30%, 12/01/2024		595,000		633,038
2.40%, 06/01/2025		810,000		871,358
2.45%, 12/01/2025		565,000		612,183
2.65%, 12/01/2026		620,000		685,472
2.70%, 06/01/2027		785,000		874,341
2.75%, 12/01/2027		805,000		896,182
2.80%, 06/01/2028		925,000		1,029,479
2.85%, 12/01/2028		640,000		712,154
Series 3N-R, GNMA, FNMA, FHLMC,
2.05%, 12/01/2022		645,000		664,331

				16,502,315

West Virginia - 0.2%
City of Buckhannon, Revenue Bonds
Series C,
4.25%, 08/01/2022 - 08/01/2023		1,090,000		1,091,047
West Virginia Economic Development Authority, Revenue Bonds,
Fixed until 06/01/2022, 2.63%^(D), 12/01/2042		875,000		902,309
West Virginia Housing Development Fund, Revenue Bonds,
Series B,
3.70%, 11/01/2032		1,500,000		1,659,705

				3,653,061

Wisconsin - 0.9%
Milwaukee Housing Authority, Revenue Bonds,
Series A,
3.38%, 07/01/2029		200,000		218,008
Public Finance Authority, Revenue Bonds
3.00%, 04/01/2025^(A)		400,000		410,504
4.00%, 09/01/2029^(A)		850,000		961,664
Series A,
4.00%, 01/01/2045		1,500,000		1,720,215
5.00%, 06/01/2027 - 07/01/2038		725,000		854,774
Series A, AGM,
4.00%, 07/01/2038 - 07/01/2055		2,530,000		2,810,182
5.00%, 07/01/2036 - 07/01/2054		1,225,000		1,489,147
Wisconsin Health & Educational Facilities Authority, Revenue Bonds
3.50%, 08/01/2022		720,000		723,679
5.00%, 08/15/2022 - 08/01/2039		3,325,000		3,723,395


Transamerica Funds			Page 26

Transamerica Intermediate Muni

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2021

(unaudited)


	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Wisconsin (continued)
Wisconsin Health & Educational Facilities Authority, Revenue Bonds (continued)
Class B,
4.25%, 07/01/2033		$ 1,250,000		$ 1,267,475
5.00%, 07/01/2053		1,000,000		1,031,020
Series A,
5.25%, 10/15/2039		15,000		15,382
Series A-1,
5.00%, 07/01/2038		3,470,000		3,813,287
Series B-4,
Fixed until 06/01/2021, 5.00%^(D), 11/15/2043		105,000		106,685
Wisconsin Housing & Economic Development Authority, Revenue Bonds
Series A,
0.05%^(D), 05/01/2042		800,000		800,000
Series B, FNMA,
3.15%, 09/01/2030		1,625,000		1,628,949

				21,574,366

Wyoming - 0.6%
Carbon County Specific Purpose Tax Joint Powers Board, Revenue Bonds
Series A,
4.00%, 06/15/2026 - 06/15/2035		8,385,000		9,442,140
Wyoming Community Development Authority, Revenue Bonds
Series 1,
2.30%, 12/01/2031		305,000		323,779
Series 2,
2.95%, 06/01/2033		3,860,000		4,076,700

				13,842,619

Total Municipal Government Obligations (Cost $2,140,206,979)				2,257,357,603


U.S. GOVERNMENT OBLIGATION - 1.0%
U.S. Treasury - 1.0%
U.S. Treasury Note
0.88%, 11/15/2030		25,000,000		24,496,094

Total U.S. Government Obligation (Cost $24,502,121)				24,496,094


REPURCHASE AGREEMENT - 6.6%
Fixed Income Clearing Corp., 0.00%^(J), dated 01/29/2021, to be repurchased at $161,845,425 on 02/01/2021. Collateralized by a U.S. Government Obligation, 2.63% , due 02/28/2023, and with a value of $165,082,379.		161,845,425		161,845,425

Total Repurchase Agreement (Cost $161,845,425)				161,845,425

Total Investments (Cost $2,326,554,525)				2,443,699,122
Net Other Assets (Liabilities) - 0.2%				3,765,415

Net Assets - 100.0%				$ 2,447,464,537


Transamerica Funds			Page 27

Transamerica Intermediate Muni

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2021

(unaudited)

INVESTMENT VALUATION:

Valuation Inputs ^(K)


	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Municipal Government Obligations	$	—	$	2,257,357,603	$	—	$	2,257,357,603
U.S. Government Obligation		—		24,496,094		—		24,496,094
Repurchase Agreement		—		161,845,425		—		161,845,425

Total Investments	$	—	$	2,443,699,122	$	—	$	2,443,699,122

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 $36,930,226, representing 1.5% of the Fund’s net assets.
(B)		Restricted securities. At January 31, 2021, 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
Municipal Government Obligations	BluePath Trust Revenue Bonds 2.75%, 09/01/2026		06/27/2016	$	3,998,089	$	4,095,670		0.2	%
Municipal Government Obligations	Bradburn Metropolitan District No. 2 General Obligation Limited Series A 4.00%, 12/01/2028		03/08/2018		393,232		421,971		0.0	^(F)
Municipal Government Obligations	New Jersey Economic Development Authority Revenue Bonds Series A 3.50%, 09/01/2022		09/18/2017		79,968		80,862		0.0	^(F)
Municipal Government Obligations	New Jersey Economic Development Authority Revenue Bonds Series B 4.25%, 09/01/2022		09/18/2017		94,834		94,966		0.0	^(F)
Municipal Government Obligations	Virgin Islands Public Finance Authority Revenue Bonds Series A, AGM-CR 5.00%, 10/01/2032		07/14/2020		106,456		106,443		0.0	^(F)

Total				$	4,672,579	$	4,799,912		0.2	%


(C)		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.
(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)		Step bonds. Coupon rates change in increments to maturity. The rates disclosed are as of January 31, 2021; the maturity dates disclosed are the ultimate maturity dates.
(F)		Percentage rounds to less than 0.1% or (0.1)%.
(G)		Securities in default; partial receipt of interest payments and/or dividends declared at last payment date. At January 31, 2021, the total value of such securities is $2,875,600, representing 0.1% of the Fund’s net assets.
(H)		Security in default; no interest payments received and/or dividends declared during the last 12 months. At January 31, 2021, the value of this security is $374,500, representing less than 0.1% of the Fund’s net assets.
(I)		Non-income producing security.
(J)		Rate disclosed reflects the yield at January 31, 2021.
(K)		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.

MUNICIPAL INSURER ABBREVIATIONS:


AGC		Assured Guaranty Corp.
AGM		Assured Guaranty Municipal Corp.


Transamerica Funds			Page 28

Transamerica Intermediate Muni

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2021

(unaudited)

MUNICIPAL INSURER ABBREVIATIONS (continued):


AMBAC		AMBAC Financial Group, Inc.
BAM		Build America Mutual Assurance Co.
FGIC		Financial Guaranty Insurance Co.
FHLMC		Federal Home Loan Mortgage Corp.
FNMA		Federal National Mortgage Association
GNMA		Government National Mortgage Association
MAC		Municipal Assurance Corp.
NATL		National Public Finance Guarantee Corp.

PORTFOLIO ABBREVIATIONS:


CR		Custodial Receipts
GTD		Guaranteed
IBC		Insured Bond Certificate
ICC		Insured Custody Certificate
TCRS		Temporary Custodian Receipts


Transamerica Funds			Page 29

Transamerica Intermediate Muni

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:

Municipal government obligations: The fair value of municipal government obligations and variable rate notes is estimated based on models that consider, among other factors, information received from market makers and broker-dealers, current trades, bid-want lists, offerings, market movements, the liquidity of the bond, state of issuance, benchmark yield curves, and bond or note insurance. 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 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.

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.


Transamerica Funds			Page 30

Transamerica Bond (IDITX) NPORT-PTransamerica Intermediate Muni (Jan 2021 report)