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

Transamerica Mid Cap Value

SCHEDULE OF INVESTMENTS

At January 31, 2021

(unaudited)

	Shares		Value
COMMON STOCKS - 97.0%
Airlines - 0.6%
Southwest Airlines Co.		13,867		$  609,316
Banks - 7.9%
Citizens Financial Group, Inc.		37,336		1,360,524
Fifth Third Bancorp		56,000		1,620,080
Huntington Bancshares, Inc.		74,187		981,123
M&T Bank Corp.		12,329		1,633,223
Regions Financial Corp.		74,898		1,274,015
TCF Financial Corp.		23,906		928,987
Zions Bancorp NA		16,736		738,727
				8,536,679
Beverages - 1.6%
Constellation Brands, Inc., Class A		5,333		1,124,890
Keurig Dr. Pepper, Inc.		18,195		578,601
				1,703,491
Building Products - 1.1%
Fortune Brands Home & Security, Inc.		13,231		1,141,174
Capital Markets - 5.4%
Ameriprise Financial, Inc.		9,663		1,912,018
Northern Trust Corp.		13,225		1,179,537
Raymond James Financial, Inc.		15,185		1,517,437
T. Rowe Price Group, Inc.		7,956		1,244,955
				5,853,947
Chemicals - 1.6%
Celanese Corp.		6,344		774,920
Sherwin-Williams Co.		848		586,646
Valvoline, Inc.		13,721		325,736
				1,687,302
Communications Equipment - 1.7%
CommScope Holding Co., Inc. (A)		28,775		422,705
Motorola Solutions, Inc.		8,180		1,370,559
				1,793,264
Construction Materials - 1.1%
Martin Marietta Materials, Inc.		4,165		1,197,063
Consumer Finance - 0.9%
Discover Financial Services		11,764		982,765
Containers & Packaging - 2.5%
Ball Corp.		9,187		808,640
Packaging Corp. of America		5,838		784,977
Pactiv Evergreen, Inc. (A)		7,378		104,251
Silgan Holdings, Inc.		26,123		951,661
				2,649,529
Distributors - 1.1%
Genuine Parts Co.		6,533		613,318
LKQ Corp. (A)		16,599		582,459
				1,195,777
Diversified Financial Services - 0.4%
Voya Financial, Inc.		7,862		436,026
Electric Utilities - 3.8%
Edison International		19,692		1,145,287

	Shares		Value
COMMON STOCKS (continued)
Electric Utilities (continued)
Entergy Corp.		13,528		$   1,289,624
Xcel Energy, Inc.		25,790		1,650,302
				4,085,213
Electrical Equipment - 3.3%
Acuity Brands, Inc.		8,129		977,431
AMETEK, Inc.		10,751		1,217,658
Hubbell, Inc.		8,584		1,335,671
				3,530,760
Electronic Equipment, Instruments & Components - 3.7%
Amphenol Corp., Class A		10,481		1,308,867
CDW Corp.		7,709		1,014,967
Keysight Technologies, Inc. (A)		4,529		641,261
SYNNEX Corp.		12,705		1,036,982
				4,002,077
Equity Real Estate Investment Trusts - 8.9%
American Campus Communities, Inc.		9,041		372,128
American Homes 4 Rent, Class A		28,120		850,068
AvalonBay Communities, Inc.		6,893		1,128,177
Boston Properties, Inc.		10,259		936,339
Brixmor Property Group, Inc.		32,301		546,856
Essex Property Trust, Inc.		2,273		544,633
Federal Realty Investment Trust		5,886		515,378
Host Hotels & Resorts, Inc.		14,186		192,220
JBG SMITH Properties		12,977		387,493
Kimco Realty Corp.		38,768		640,060
Outfront Media, Inc.		15,984		291,388
Rayonier, Inc.		29,449		905,557
Regency Centers Corp.		8,964		422,921
Ventas, Inc.		9,054		417,118
Weyerhaeuser Co.		29,835		930,554
WP Carey, Inc.		7,187		477,217
				9,558,107
Food & Staples Retailing - 1.3%
Kroger Co.		21,257		733,367
US Foods Holding Corp. (A)		22,573		699,537
				1,432,904
Food Products - 0.9%
Post Holdings, Inc. (A)		9,887		937,782
Gas Utilities - 1.0%
National Fuel Gas Co.		26,925		1,084,000
Health Care Equipment & Supplies - 1.5%
Zimmer Biomet Holdings, Inc.		10,447		1,605,390
Health Care Providers & Services - 5.9%
AmerisourceBergen Corp.		11,133		1,160,058
Cigna Corp.		5,079		1,102,397
Henry Schein, Inc. (A)		11,921		784,998
Humana, Inc.		1,037		397,285
Laboratory Corp. of America Holdings (A)		7,382		1,689,814
Universal Health Services, Inc., Class B		9,832		1,225,854
				6,360,406
Hotels, Restaurants & Leisure - 0.5%
Darden Restaurants, Inc.		4,213		492,458
Household Durables - 2.4%
Mohawk Industries, Inc. (A)		8,702		1,249,607
Newell Brands, Inc.		54,495		1,308,970
				2,558,577

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Transamerica Mid Cap Value

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2021

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Household Products - 0.7%
Energizer Holdings, Inc.		17,387		$   762,246
Industrial Conglomerates - 1.4%
Carlisle Cos., Inc.		10,024		1,452,778
Insurance - 6.3%
Alleghany Corp.		1,156		655,279
Hartford Financial Services Group, Inc.		26,460		1,270,609
Lincoln National Corp.		14,449		657,285
Loews Corp.		41,676		1,887,506
Marsh & McLennan Cos., Inc.		7,411		814,543
Progressive Corp.		9,191		801,363
W.R. Berkley Corp.		11,734		729,151
				6,815,736
Interactive Media & Services - 0.7%
IAC / InterActiveCorp (A)		3,527		740,494
Internet & Direct Marketing Retail - 0.5%
Expedia Group, Inc.		4,334		537,849
IT Services - 1.1%
Concentrix Corp. (A)		2,359		252,224
Leidos Holdings, Inc.		8,594		911,480
				1,163,704
Machinery - 6.3%
IDEX Corp.		6,130		1,141,345
ITT, Inc.		19,869		1,484,413
Lincoln Electric Holdings, Inc.		10,951		1,253,890
Middleby Corp. (A)		9,336		1,267,082
Snap-on, Inc.		5,870		1,056,541
Timken Co.		7,793		589,618
				6,792,889
Media - 4.0%
Discovery, Inc., Class C (A)		37,720		1,321,332
Liberty Broadband Corp., Class C (A)		10,256		1,497,889
Liberty Media Corp. - Liberty SiriusXM, Class C (A)		36,776		1,491,634
				4,310,855
Multi-Utilities - 3.2%
CMS Energy Corp.		22,370		1,272,406
Sempra Energy		5,346		661,621
WEC Energy Group, Inc.		16,949		1,506,766
				3,440,793
Multiline Retail - 0.9%
Kohl’s Corp.		15,658		689,891
Nordstrom, Inc.		7,028		249,143
				939,034
Oil, Gas & Consumable Fuels - 3.9%
Cabot Oil & Gas Corp.		39,373		721,707
Diamondback Energy, Inc.		28,145		1,595,540
EQT Corp.		34,057		555,470
Equitrans Midstream Corp.		40,848		271,639
Williams Cos., Inc.		49,313		1,046,915
				4,191,271

	Shares		Value
COMMON STOCKS (continued)
Real Estate Management & Development - 1.5%
CBRE Group, Inc., Class A (A)		21,990		$   1,340,950
Cushman & Wakefield PLC (A) (B)		22,061		316,134
				1,657,084
Semiconductors & Semiconductor Equipment - 1.1%
Analog Devices, Inc.		8,397		1,237,130
Software - 1.3%
NortonLifeLock, Inc.		19,826		417,734
Synopsys, Inc. (A)		3,867		987,825
				1,405,559
Specialty Retail - 3.4%
AutoZone, Inc. (A)		1,245		1,392,371
Best Buy Co., Inc.		13,347		1,452,420
Gap, Inc. (A)		40,704		824,256
				3,669,047
Textiles, Apparel & Luxury Goods - 1.6%
Carter’s, Inc.		8,282		729,147
Ralph Lauren Corp.		10,309		1,041,725
				1,770,872
Total Common Stocks (Cost $64,357,096)				104,321,348
	Principal		Value
REPURCHASE AGREEMENT - 3.2%
Fixed Income Clearing Corp., 0.00% (C), dated 01/29/2021, to be repurchased at $3,408,219 on 02/01/2021. Collateralized by a U.S. Government Obligation, 2.63%, due 02/28/2023, and with a value of $3,476,393.		$  3,408,219		3,408,219
Total Repurchase Agreement (Cost $3,408,219)				3,408,219
Total Investments (Cost $67,765,315)				107,729,567
Net Other Assets (Liabilities) - (0.2)%				(178,282	)
Net Assets - 100.0%				$  107,551,285

Transamerica Funds Page    2

Transamerica Mid Cap Value

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2021

(unaudited)

INVESTMENT VALUATION:

Valuation Inputs ^(D)

	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Common Stocks	$	104,321,348	$	—	$	—	$	104,321,348
Repurchase Agreement		—		3,408,219		—		3,408,219
Total Investments	$	104,321,348	$	3,408,219	$	—	$	107,729,567

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	Non-income producing securities.
(B)	All or a portion of the security is on loan. The value of the security on loan is $171,473, collateralized by non-cash collateral, such as U.S. government securities and irrevocable letters of credit, of $176,499. The amount on loan indicated may not correspond with the security on loan identified because a security with pending sales are in the process of recall from the brokers.
(C)	Rate disclosed reflects the yield at January 31, 2021.
(D)	There were no transfers in or out of Level 3 during the period ended January 31, 2021. Please reference the Investment Valuation section of the Notes to Schedule of Investments for more information regarding investment valuation and pricing inputs.

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Transamerica Mid Cap Value

NOTES TO SCHEDULE OF INVESTMENTS

At January 31, 2021

(unaudited)

INVESTMENT VALUATION

All investments in securities are recorded at their estimated fair value. The Fund values its investments at the official close of the New York Stock Exchange (“NYSE”) each day the NYSE is open for business.

The Fund utilizes various methods to measure the fair value of its investments on a recurring basis. Generally Accepted Accounting Principles in the United States of America establishes a hierarchy that prioritizes inputs to valuation methods. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. The three levels (“Levels”) of inputs of the fair value hierarchy are defined as follows:

Level 1 — Unadjusted quoted prices in active markets for identical securities.

Level 2 — Inputs, other than quoted prices included in Level 1, which are observable, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates, and similar data.

Level 3 — Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available, which may include the Fund’s own assumptions used in determining the fair value of investments.

The inputs used to measure fair value may fall into different Levels of the fair value hierarchy. In such cases, for disclosure purposes, the Level in the fair value hierarchy that is assigned to the fair value measurement of a security is determined based on the lowest Level input that is significant to the fair value measurement in its entirety. Certain investments that are measured at fair value using Net Asset Value per share, or its equivalent, using the “practical expedient” have not been classified in the fair value Levels. The hierarchy classification of inputs used to value the Fund’s investments at January 31, 2021, is disclosed within the Investment Valuation section of the Schedule of Investments.

The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, but not limited to, the type of security, whether the security is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the security. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is generally greatest for instruments categorized in Level 3. Due to the inherent uncertainty of valuation, the determination of values may differ significantly from values that would have been realized had a ready market for investments existed, and the differences could be material.

Fair value measurements: Descriptions of the valuation techniques applied to the Fund’s significant categories of assets and liabilities measured at fair value on a recurring basis are as follows:

Equity securities: Securities are stated at the last reported sales price or closing price on the day of valuation taken from the primary exchange where the security is principally traded. To the extent these securities are actively traded and valuation adjustments are not applied, they are categorized in Level 1 of the fair value hierarchy. Equities traded on inactive markets or valued by reference to similar instruments are generally categorized in Level 2 or Level 3 if inputs are unobservable.

Repurchase agreements: Repurchase agreements are valued at cost, which approximates fair value. To the extent the inputs are observable and timely, the values are generally categorized in Level 2 of the fair value hierarchy.

Transamerica Funds Page    4