Transamerica Bond (IDITX) NPORT-P Transamerica Core Bond (Jan 2021 report)

Transamerica Core Bond

SCHEDULE OF INVESTMENTS

At January 31, 2021

(unaudited)

	Principal		Value
ASSET-BACKED SECURITIES - 10.3%
ABFC Trust
Series 2005-AQ1, Class A4,
4.62% (A), 01/25/2034		$  35,956		$  36,248
Academic Loan Funding Trust
Series 2013-1A, Class A,
1-Month LIBOR + 0.80%, 0.93% (A), 12/26/2044 (B)		414,447		413,203
American Homes 4 Rent Trust
Series 2014-SFR2, Class A,
3.79%, 10/17/2036 (B)		1,972,414		2,127,338
Series 2014-SFR2, Class E,
6.23%, 10/17/2036 (B)		200,000		221,848
Series 2014-SFR3, Class D,
5.04%, 12/17/2036 (B)		270,000		295,088
Series 2014-SFR3, Class E,
6.42%, 12/17/2036 (B)		725,000		811,939
Series 2015-SFR1, Class A,
3.47%, 04/17/2052 (B)		895,055		964,163
Series 2015-SFR1, Class D,
4.41%, 04/17/2052 (B)		1,800,000		1,946,095
Series 2015-SFR1, Class E,
5.64%, 04/17/2052 (B)		825,000		905,410
Series 2015-SFR2, Class E,
6.07%, 10/17/2052 (B)		1,155,000		1,298,041
American Tower Trust #1
Series 2013-2A, Class 2A,
3.07%, 03/15/2048 (B)		400,000		406,547
AmeriCredit Automobile Receivables Trust
Series 2017-1, Class C,
2.71%, 08/18/2022		115,909		116,521
Series 2017-1, Class D,
3.13%, 01/18/2023		489,000		497,430
B2R Mortgage Trust
Series 2016-1, Class A,
2.57%, 06/15/2049 (B)		491,529		491,229
Business Jet Securities LLC
Series 2018-2, Class A,
4.45%, 06/15/2033 (B)		977,885		1,000,050
Series 2019-1, Class A,
4.21%, 07/15/2034 (B)		2,084,928		2,135,077
Series 2020-1A, Class A,
2.98%, 11/15/2035 (B)		577,312		585,679
Camillo Trust
Series 2016-SFR1,
5.00%, 12/05/2023 (C) (D)		1,838,423		1,886,681
Cars Net Lease Mortgage Notes
Series 2020-1A, Class A3,
3.10%, 12/15/2050 (B)		424,823		424,581
Carvana Auto Receivables Trust
Series 2019-3A, Class D,
3.04%, 04/15/2025 (B)		2,770,000		2,866,868
Chase Funding Trust
Series 2003-2, Class 2A2,
1-Month LIBOR + 0.56%, 0.69% (A), 02/25/2033		405,159		385,594
Series 2003-6, Class 1A5,
4.99% (A), 11/25/2034		149,789		157,876
Colony American Finance, Ltd.
Series 2016-2, Class A,
2.55%, 11/15/2048 (B)		358,305		358,982

	Principal		Value
ASSET-BACKED SECURITIES (continued)
COOF Securitization Trust, Ltd., Interest Only STRIPS
Series 2014-1, Class A,
2.93% (A), 06/25/2040 (B)		$   194,420		$   16,281
Corevest American Finance Trust
Series 2019-1, Class B,
3.88%, 03/15/2052 (B)		1,300,000		1,387,239
Series 2019-3, Class A,
2.71%, 10/15/2052 (B)		1,296,054		1,370,103
Diamond Resorts Owner Trust
Series 2017-1A, Class A,
3.27%, 10/22/2029 (B)		306,899		313,091
Series 2018-1, Class A,
3.70%, 01/21/2031 (B)		588,104		619,971
Drive Auto Receivables Trust
Series 2016-CA, Class D,
4.18%, 03/15/2024 (B)		508,187		512,567
Series 2017-1, Class D,
3.84%, 03/15/2023		664,509		672,067
Series 2017-3, Class D,
3.53%, 12/15/2023 (B)		1,763,763		1,788,935
Series 2017-AA, Class D,
4.16%, 05/15/2024 (B)		331,208		335,215
Series 2018-3, Class C,
3.72%, 09/16/2024		276,679		277,729
Series 2019-1, Class D,
4.09%, 06/15/2026		645,000		676,625
DT Auto Owner Trust
Series 2017-3A, Class D,
3.58%, 05/15/2023 (B)		120,801		121,289
Series 2018-1A, Class D,
3.81%, 12/15/2023 (B)		561,931		568,772
Series 2019-4A, Class C,
2.73%, 07/15/2025 (B)		1,819,000		1,863,546
Exeter Automobile Receivables Trust
Series 2017-1A, Class C,
3.95%, 12/15/2022 (B)		66,966		67,366
First Investors Auto Owner Trust
Series 2017-2A, Class C,
3.00%, 08/15/2023 (B)		1,261,658		1,272,227
FirstKey Homes Trust
Series 2020-SFR2, Class E,
2.67%, 10/19/2037 (B)		2,000,000		2,040,185
Flagship Credit Auto Trust
Series 2016-4, Class C,
2.71%, 11/15/2022 (B)		77,178		77,301
Series 2018-3, Class C,
3.79%, 12/16/2024 (B)		2,029,000		2,110,547
Series 2019-4, Class D,
3.12%, 01/15/2026 (B)		2,200,000		2,325,619
Fort Cre LLC
Series 2018-1A, Class C,
1-Month LIBOR + 2.83%, 2.95% (A), 11/16/2035 (B)		3,195,000		2,997,874
Foundation Finance Trust
Series 2019-1A, Class A,
3.86%, 11/15/2034 (B)		551,276		571,698
Series 2020-1A, Class A,
3.54%, 07/16/2040 (B)		1,494,126		1,548,151
FREED ABS Trust
Series 2018-2, Class A,
3.99%, 10/20/2025 (B)		40,686		40,749
Series 2019-2, Class A,
2.62%, 11/18/2026 (B)		316,218		318,003

Transamerica Funds Page    1

Transamerica Core Bond

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2021

(unaudited)

	Principal		Value
ASSET-BACKED SECURITIES (continued)
FTF Funding II LLC
Series 2019-1, Class A,
Zero Coupon, 08/15/2024 (C)		$   791,541		$   592,073
Gold Key Resorts LLC
Series 2014-A, Class A,
3.22%, 03/17/2031 (B)		37,923		38,421
Golden Bear LLC
Series 2016-R, Class R,
5.65%, 09/20/2047 (B)		209,014		206,701
Goodgreen Trust
Series 2017, Class R1,
5.00%, 10/20/2051 (C) (E)		1,391,924		1,386,356
Series 2017-1A, Class A,
3.74%, 10/15/2052 (B)		195,626		206,210
Series 2017-2A, Class A,
3.26%, 10/15/2053 (B)		992,704		1,031,258
Series 2019-2A, Class A,
2.76%, 10/15/2054 (B)		1,194,145		1,234,026
Hero Funding Trust
Series 2016-3A, Class A1,
3.08%, 09/20/2042 (B)		213,136		218,995
Series 2017-1A, Class A2,
4.46%, 09/20/2047 (B)		595,466		638,559
Series 2017-3A, Class A2,
3.95%, 09/20/2048 (B)		782,784		819,006
Hilton Grand Vacations Trust
Series 2017-AA, Class A,
2.66%, 12/26/2028 (B)		160,702		164,364
KGS-Alpha SBA COOF Trust, Interest Only STRIPS
Series 2012-2, Class A,
0.75% (A), 08/25/2038 (B)		1,023,705		20,822
Series 2014-2, Class A,
2.76% (A), 04/25/2040 (B)		182,120		15,417
Lendingpoint Asset Securitization Trust
Series 2019-2, Class A,
3.07%, 11/10/2025 (B)		44,900		44,923
LL ABS Trust
Series 2019-1A, Class A,
2.87%, 03/15/2027 (B)		319,059		320,482
LV Tower 52
Series 2013-1, Class A,
5.75%, 07/15/2019 (B) (C) (D)		618,920		624,236
Mariner Finance Issuance Trust
Series 2019-AA, Class B,
3.51%, 07/20/2032 (B)		1,335,000		1,376,897
NRZ Excess Spread-Collateralized Notes
Series 2020-PLS1, Class A,
3.84%, 12/25/2025 (B)		1,624,856		1,628,057
Oportun Funding IX LLC
Series 2018-B, Class A,
3.91%, 07/08/2024 (B)		2,329,000		2,341,897
Oportun Funding VIII LLC
Series 2018-A, Class A,
3.61%, 03/08/2024 (B)		1,251,000		1,251,785
Oportun Funding X LLC
Series 2018-C, Class A,
4.10%, 10/08/2024 (B)		3,554,000		3,615,821
Progress Residential Trust
Series 2017-SFR1, Class C,
3.32%, 08/17/2034 (B)		3,000,000		3,039,212
Series 2018-SFR2, Class E,
4.66%, 08/17/2035 (B)		1,284,000		1,306,344

	Principal		Value
ASSET-BACKED SECURITIES (continued)
Renew
Series 2017-1A, Class A,
3.67%, 09/20/2052 (B)		$   257,819		$   269,544
SART
Series 2018-1,
4.75%, 06/15/2025		1,512,687		1,535,377
SFR Holdco LLC
Series 2019-STL, Class A,
7.25%, 10/11/2026 (C) (D)		1,400,000		1,400,000
Structured Asset Securities Corp. Mortgage Pass-Through Certificates
Series 2002-AL1, Class A2,
3.45%, 02/25/2032		38,897		37,452
Series 2004-6XS, Class A5A,
6.03% (A), 03/25/2034		73,619		74,833
Series 2004-6XS, Class A5B,
6.05% (A), 03/25/2034		73,619		74,831
Synchrony Card Funding LLC
Series 2019-A1, Class A,
2.95%, 03/15/2025		3,013,000		3,104,378
Synchrony Card Issuance Trust
Series 2018-A1, Class A1,
3.38%, 09/15/2024		1,580,000		1,611,456
Tricolor Auto Securitization Trust
Series 2020-1A, Class A,
4.88%, 11/15/2026 (B) (E)		1,635,528		1,637,150
US Auto Funding LLC
Series 2018-1A, Class A,
5.50%, 07/15/2023 (B)		366,456		375,539
Vericrest Opportunity Loan Trust
Series 2019-NPL7, Class A1A,
3.18% (A), 10/25/2049 (B)		370,109		370,743
Series 2019-NPL8, Class A1A,
3.28% (A), 11/25/2049 (B)		952,766		953,766
Series 2020-NPL2, Class A1A,
2.98% (A), 02/25/2050 (B)		1,105,366		1,108,609
Verizon Owner Trust
Series 2018-1A, Class A1A,
2.82%, 09/20/2022 (B)		597,911		599,907
VM Debt Trust
Series 2019-1,
7.50%, 06/15/2024		1,600,517		1,573,549
VOLT LXXX LLC
Series 2019-NPL6, Class A1B,
4.09% (A), 10/25/2049 (B)		2,300,000		2,304,876
VOLT LXXXIII LLC
Series 2019-NPL9, Class A1A,
3.33% (A), 11/26/2049 (B)		1,040,345		1,043,840
VOLT LXXXV LLC
Series 2020-NPL1, Class A1A,
3.23% (A), 01/25/2050 (B)		972,282		975,580
VOLT LXXXVII LLC
Series 2020-NPL3, Class A1A,
2.98% (A), 02/25/2050 (B)		1,134,195		1,137,781
VSE VOI Mortgage LLC
Series 2018-A, Class A,
3.56%, 02/20/2036 (B)		428,400		452,079
Westgate Resorts LLC
Series 2017-1A, Class A,
3.05%, 12/20/2030 (B)		127,231		127,597
World Financial Network Credit Card Master Trust
Series 2019-A, Class A,
3.14%, 12/15/2025		1,385,000		1,426,515
Total Asset-Backed Securities (Cost $87,071,462)				88,542,902

Transamerica Funds Page    2

Transamerica Core Bond

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2021

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES - 32.5%
Aerospace & Defense - 1.0%
Airbus SE
3.15%, 04/10/2027 (B)		$   327,000		$   355,321
3.95%, 04/10/2047 (B)		150,000		170,983
BAE Systems PLC
1.90%, 02/15/2031 (B)		201,000		200,282
3.00%, 09/15/2050 (B)		239,000		242,128
Boeing Co.
1.95%, 02/01/2024		600,000		616,072
2.75%, 02/01/2026		580,000		607,164
3.10%, 05/01/2026		400,000		424,353
3.25%, 03/01/2028		366,000		382,195
4.51%, 05/01/2023		1,060,000		1,140,659
4.88%, 05/01/2025		290,000		327,199
5.15%, 05/01/2030		450,000		533,748
L3 Harris Technologies, Inc.
1.80%, 01/15/2031		350,000		349,307
3.83%, 04/27/2025		400,000		446,837
Lockheed Martin Corp.
4.50%, 05/15/2036		300,000		388,547
Northrop Grumman Corp.
3.20%, 02/01/2027		268,000		298,530
Precision Castparts Corp.
4.20%, 06/15/2035		150,000		180,859
Raytheon Technologies Corp.
3.20%, 03/15/2024		140,000		150,880
3.75%, 11/01/2046		285,000		326,628
4.15%, 05/15/2045		148,000		178,493
4.50%, 06/01/2042		542,000		686,445
6.70%, 08/01/2028		260,000		348,256
				8,354,886
Airlines - 0.9%
Air Canada Pass-Through Trust
3.30%, 07/15/2031 (B)		597,320		592,582
3.55%, 07/15/2031 (B)		353,160		327,109
3.60%, 09/15/2028 (B)		460,348		459,824
4.13%, 11/15/2026 (B)		462,301		446,523
American Airlines Pass-Through Trust
3.00%, 04/15/2030		826,788		816,213
3.65%, 02/15/2029		697,808		705,608
3.70%, 04/01/2028		135,410		131,985
British Airways Pass-Through Trust
3.30%, 06/15/2034 (B)		429,513		432,815
4.13%, 03/20/2033 (B)		460,385		440,885
Continental Airlines Pass-Through Trust
4.00%, 04/29/2026		165,833		170,825
5.98%, 10/19/2023		155,633		159,530
Delta Air Lines Pass-Through Trust
6.82%, 02/10/2024		80,633		83,082
Spirit Airlines Pass-Through Trust
3.38%, 08/15/2031		239,432		239,935
United Airlines Pass-Through Trust
2.88%, 04/07/2030		504,848		504,880
3.50%, 09/01/2031		620,331		638,412
3.65%, 07/07/2027		170,903		167,020
4.15%, 02/25/2033		584,352		610,294
4.55%, 08/25/2031		519,834		520,302
				7,447,824
Automobiles - 0.2%
General Motors Co.
6.13%, 10/01/2025		210,000		253,111

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Automobiles (continued)
Kia Motors Corp.
2.63%, 04/21/2021 (B)		$   200,000		$   200,889
Nissan Motor Co., Ltd.
3.52%, 09/17/2025 (B)		788,000		843,444
4.35%, 09/17/2027 (B)		774,000		852,852
				2,150,296
Banks - 5.8%
ABN AMRO Bank NV
4.75%, 07/28/2025 (B)		600,000		688,388
AIB Group PLC
4.75%, 10/12/2023 (B)		700,000		768,159
ASB Bank, Ltd.
3.13%, 05/23/2024 (B)		550,000		596,279
Australia & New Zealand Banking Group, Ltd.
4.40%, 05/19/2026 (B)		200,000		229,191
Banco Nacional de Panama
2.50%, 08/11/2030 (B)		300,000		299,475
Banco Santander SA
2.75%, 05/28/2025 - 12/03/2030		800,000		843,006
3.13%, 02/23/2023		200,000		210,500
Bank of America Corp.
Fixed until 02/13/2030, 2.50% (A), 02/13/2031, MTN		1,345,000		1,400,666
Fixed until 06/19/2040, 2.68% (A), 06/19/2041, MTN		1,172,000		1,168,041
3.25%, 10/21/2027, MTN		398,000		440,922
Fixed until 01/23/2025, 3.37% (A), 01/23/2026		200,000		219,420
Fixed until 12/20/2027, 3.42% (A), 12/20/2028		306,000		342,734
Fixed until 04/24/2027, 3.71% (A), 04/24/2028		1,300,000		1,479,651
Fixed until 03/05/2028, 3.97% (A), 03/05/2029, MTN		1,300,000		1,495,062
Bank of Montreal
Fixed until 12/15/2027, 3.80% (A), 12/15/2032		223,000		255,112
Barclays PLC
Fixed until 12/10/2023, 1.01% (A), 12/10/2024		604,000		605,726
Fixed until 06/24/2030, 2.65% (A), 06/24/2031 (F)		940,000		966,241
3.65%, 03/16/2025		223,000		244,515
3.68%, 01/10/2023		300,000		308,592
Fixed until 02/15/2022, 4.61% (A), 02/15/2023		600,000		624,827
BNP Paribas SA
Fixed until 06/09/2025, 2.22% (A), 06/09/2026 (B)		230,000		240,329
2.82%, 01/26/2041 (B) (F)		530,000		516,229
Fixed until 01/13/2030, 3.05% (A), 01/13/2031 (B)		585,000		629,211
BPCE SA
1.00%, 01/20/2026 (B) (F)		435,000		435,166
Fixed until 10/06/2025, 1.65% (A), 10/06/2026 (B)		309,000		314,641
Fixed until 01/20/2031, 2.28% (A), 01/20/2032 (B)		315,000		316,118
4.63%, 07/11/2024 (B)		600,000		669,680
Citigroup, Inc.
Fixed until 01/28/2026, 1.12% (A), 01/28/2027		573,000		572,643
Fixed until 04/08/2025, 3.11% (A), 04/08/2026		1,000,000		1,084,887

Transamerica Funds Page    3

Transamerica Core Bond

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2021

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Banks (continued)
Citigroup, Inc. (continued)
Fixed until 04/24/2024, 3.35% (A), 04/24/2025		$   175,000		$   189,309
3.40%, 05/01/2026		400,000		444,694
Fixed until 03/20/2029, 3.98% (A), 03/20/2030		850,000		981,339
Citizens Bank NA
3.70%, 03/29/2023		475,000		506,732
Commonwealth Bank of Australia
2.85%, 05/18/2026 (B)		410,000		452,091
4.50%, 12/09/2025 (B)		200,000		229,405
Cooperatieve Rabobank UA
5.80%, 09/30/2110 (B)		300,000		462,726
Credit Agricole SA
Fixed until 01/26/2026, 1.25% (A), 01/26/2027 (B)		656,000		655,811
Fixed until 06/16/2025, 1.91% (A), 06/16/2026 (B)		360,000		371,273
2.81%, 01/11/2041 (B)		250,000		246,183
4.38%, 03/17/2025 (B)		200,000		223,509
Danske Bank A/S
Fixed until 12/08/2022, 1.17% (A), 12/08/2023 (B)		996,000		1,000,525
Discover Bank
4.20%, 08/08/2023		550,000		599,942
Fifth Third Bank NA
3.85%, 03/15/2026		200,000		226,810
HSBC Holdings PLC
Fixed until 09/22/2027, 2.01% (A), 09/22/2028		705,000		718,392
Fixed until 08/18/2030, 2.36% (A), 08/18/2031		580,000		588,656
Fixed until 11/22/2022, 3.03% (A), 11/22/2023		447,000		467,515
Fixed until 05/18/2023, 3.95% (A), 05/18/2024		1,007,000		1,083,465
Fixed until 03/13/2027, 4.04% (A), 03/13/2028		695,000		789,680
4.25%, 03/14/2024		500,000		550,032
Industrial & Commercial Bank of China, Ltd.
2.45%, 10/20/2021		400,000		404,312
ING Groep NV
Fixed until 07/01/2025, 1.40% (A), 07/01/2026 (B)		410,000		415,388
KeyBank NA
3.18%, 10/15/2027		250,000		259,222
KeyCorp
4.15%, 10/29/2025, MTN		235,000		271,086
Lloyds Banking Group PLC
Fixed until 11/07/2022, 2.91% (A), 11/07/2023		200,000		208,281
4.38%, 03/22/2028		339,000		397,048
4.58%, 12/10/2025		200,000		228,245
Mitsubishi UFJ Financial Group, Inc.
2.05%, 07/17/2030		700,000		711,439
2.53%, 09/13/2023		200,000		210,616
3.41%, 03/07/2024		670,000		728,253
3.75%, 07/18/2039		430,000		504,489
Mizuho Financial Group, Inc.
Fixed until 05/25/2025, 2.23% (A), 05/25/2026		680,000		711,432
Fixed until 09/13/2029, 2.87% (A), 09/13/2030		402,000		432,316
National Australia Bank, Ltd.
2.65%, 01/14/2041 (B)		250,000		241,053

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Banks (continued)
National Australia Bank, Ltd. (continued)
Fixed until 08/02/2029, 3.93% (A), 08/02/2034 (B)		$   590,000		$   653,059
Natwest Group PLC
Fixed until 11/01/2024, 3.75% (A), 11/01/2029		554,000		591,738
3.88%, 09/12/2023		350,000		378,075
Fixed until 03/22/2024, 4.27% (A), 03/22/2025		255,000		280,923
Fixed until 05/08/2029, 4.45% (A), 05/08/2030		570,000		665,350
NatWest Markets PLC
3.63%, 09/29/2022 (B)		515,000		541,723
Nordea Bank Abp
4.25%, 09/21/2022 (B)		384,000		407,951
Santander UK Group Holdings PLC
3.57%, 01/10/2023		360,000		370,323
Societe Generale SA
Fixed until 12/14/2025, 1.49% (A), 12/14/2026 (B)		320,000		320,719
2.63%, 10/16/2024 (B)		200,000		210,786
3.00%, 01/22/2030 (B)		941,000		993,243
3.88%, 03/28/2024 (B)		540,000		588,616
4.25%, 04/14/2025 (B)		270,000		297,452
Standard Chartered PLC
Fixed until 01/14/2026, 1.46% (A), 01/14/2027 (B)		255,000		254,838
Fixed until 09/10/2021, 2.74% (A), 09/10/2022 (B)		1,000,000		1,012,769
Fixed until 05/21/2029, 4.31% (A), 05/21/2030 (B) (F)		200,000		231,381
Fixed until 03/15/2028, 4.87% (A), 03/15/2033 (B)		300,000		339,304
Sumitomo Mitsui Financial Group, Inc.
3.04%, 07/16/2029		1,240,000		1,357,463
Truist Bank
3.30%, 05/15/2026		215,000		239,994
UniCredit SpA
Fixed until 06/19/2027, 5.86% (A), 06/19/2032 (B)		200,000		221,672
Wells Fargo & Co.
Fixed until 06/17/2026, 3.20% (A), 06/17/2027, MTN		810,000		889,293
3.30%, 09/09/2024, MTN		1,300,000		1,420,144
3.55%, 09/29/2025, MTN		400,000		445,094
3.75%, 01/24/2024, MTN		395,000		429,574
Fixed until 03/15/2026 (G), 3.90% (A)		395,000		395,000
4.10%, 06/03/2026, MTN		121,000		138,206
4.30%, 07/22/2027, MTN		246,000		286,851
4.40%, 06/14/2046, MTN		165,000		196,620
4.65%, 11/04/2044, MTN		184,000		224,457
4.75%, 12/07/2046, MTN		419,000		529,741
4.90%, 11/17/2045, MTN		202,000		257,387
Westpac Banking Corp.
4.42%, 07/24/2039		335,000		408,305
				50,054,731
Beverages - 0.7%
Anheuser-Busch Cos. LLC / Anheuser-Busch InBev Worldwide, Inc.
4.70%, 02/01/2036		1,044,000		1,287,359
4.90%, 02/01/2046		170,000		211,927
Anheuser-Busch InBev Finance, Inc.
4.70%, 02/01/2036		154,000		189,173

Transamerica Funds Page    4

Transamerica Core Bond

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2021

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Beverages (continued)
Anheuser-Busch InBev Worldwide, Inc.
4.35%, 06/01/2040		$   480,000		$   572,793
4.44%, 10/06/2048		520,000		621,760
4.50%, 06/01/2050		630,000		760,577
4.60%, 06/01/2060		225,000		274,446
Coca-Cola Femsa SAB de CV
1.85%, 09/01/2032		280,000		278,516
2.75%, 01/22/2030		435,000		465,476
Constellation Brands, Inc.
4.40%, 11/15/2025		185,000		214,179
5.25%, 11/15/2048		110,000		150,756
Fomento Economico Mexicano SAB de CV
3.50%, 01/16/2050		550,000		592,520
Keurig Dr. Pepper, Inc.
3.43%, 06/15/2027		120,000		135,514
4.42%, 05/25/2025		112,000		128,346
4.99%, 05/25/2038		162,000		212,032
				6,095,374
Biotechnology - 0.6%
AbbVie, Inc.
2.80%, 03/15/2023		162,000		168,625
3.20%, 11/21/2029		438,000		484,379
4.05%, 11/21/2039		1,420,000		1,653,177
4.40%, 11/06/2042		425,000		520,589
4.45%, 05/14/2046		165,000		201,801
4.55%, 03/15/2035		300,000		369,216
Biogen, Inc.
2.25%, 05/01/2030		572,000		587,582
3.15%, 05/01/2050		160,000		160,188
Gilead Sciences, Inc.
2.60%, 10/01/2040		545,000		532,044
Regeneron Pharmaceuticals, Inc.
1.75%, 09/15/2030		920,000		894,893
				5,572,494
Building Products - 0.1%
Masco Corp.
2.00%, 10/01/2030		160,000		161,148
6.50%, 08/15/2032		410,000		540,825
				701,973
Capital Markets - 2.2%
Charles Schwab Corp.
0.90%, 03/11/2026		325,000		326,230
Fixed until 12/01/2030 (G), 4.00% (A)		425,000		437,750
Credit Suisse Group AG
Fixed until 02/02/2026, 1.31% (A), 02/02/2027 (B) (H)		420,000		419,531
Fixed until 06/05/2025, 2.19% (A), 06/05/2026 (B)		250,000		259,760
3.75%, 03/26/2025		950,000		1,049,960
Fixed until 01/12/2028, 3.87% (A), 01/12/2029 (B)		250,000		279,999
4.28%, 01/09/2028 (B)		400,000		460,129
Daiwa Securities Group, Inc.
3.13%, 04/19/2022 (B)		244,000		251,945
Deutsche Bank AG
Fixed until 11/24/2025, 2.13% (A), 11/24/2026		335,000		339,452
3.30%, 11/16/2022		200,000		208,740
3.70%, 05/30/2024		700,000		757,669
Goldman Sachs Group, Inc.
0.48%, 01/27/2023		520,000		520,078
Fixed until 01/27/2031, 1.99% (A), 01/27/2032		290,000		290,313
Fixed until 09/29/2024, 3.27% (A), 09/29/2025		725,000		789,009

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Capital Markets (continued)
Goldman Sachs Group, Inc. (continued)
3.50%, 01/23/2025 - 11/16/2026		$   362,000		$   399,597
Fixed until 06/05/2027, 3.69% (A), 06/05/2028		1,207,000		1,369,748
Fixed until 04/23/2038, 4.41% (A), 04/23/2039		450,000		555,273
6.75%, 10/01/2037		200,000		295,617
Macquarie Group, Ltd.
Fixed until 11/28/2027, 3.76% (A), 11/28/2028 (B)		495,000		556,286
Fixed until 01/15/2029, 5.03% (A), 01/15/2030 (B)		600,000		724,439
Morgan Stanley
Fixed until 01/25/2023, 0.53% (A), 01/25/2024, MTN		565,000		565,220
Fixed until 04/28/2025, 2.19% (A), 04/28/2026		450,000		472,090
Fixed until 07/22/2027, 3.59% (A), 07/22/2028		1,067,000		1,206,019
Fixed until 01/24/2028, 3.77% (A), 01/24/2029, MTN		278,000		316,302
3.88%, 01/27/2026, MTN		1,279,000		1,453,925
4.10%, 05/22/2023, MTN		150,000		161,777
4.30%, 01/27/2045		280,000		353,574
Fixed until 01/23/2029, 4.43% (A), 01/23/2030, MTN		457,000		545,919
5.00%, 11/24/2025		497,000		586,639
Nomura Holdings, Inc.
2.65%, 01/16/2025		603,000		641,612
2.68%, 07/16/2030		370,000		386,916
Northern Trust Corp.
Fixed until 05/08/2027, 3.38% (A), 05/08/2032		343,000		376,082
UBS Group AG
Fixed until 08/15/2022, 2.86% (A), 08/15/2023 (B)		200,000		207,271
Fixed until 08/13/2029, 3.13% (A), 08/13/2030 (B) (F)		320,000		351,209
3.49%, 05/23/2023 (B)		400,000		415,609
4.13%, 09/24/2025 (B)		200,000		227,127
				18,558,816
Chemicals - 0.2%
Albemarle Corp.
5.45%, 12/01/2044		200,000		238,274
DuPont de Nemours, Inc.
5.32%, 11/15/2038		145,000		192,414
International Flavors & Fragrances, Inc.
4.45%, 09/26/2028		158,000		185,845
5.00%, 09/26/2048		187,000		244,512
LYB International Finance III LLC
1.25%, 10/01/2025		130,000		131,096
Nutrien, Ltd.
4.13%, 03/15/2035		450,000		528,684
5.00%, 04/01/2049		140,000		189,792
Sherwin-Williams Co.
3.13%, 06/01/2024		136,000		146,881
Union Carbide Corp.
7.75%, 10/01/2096		210,000		315,237
				2,172,735
Commercial Services & Supplies - 0.1%
ERAC USA Finance LLC
4.50%, 08/16/2021 (B)		175,000		178,773
5.63%, 03/15/2042 (B)		141,000		197,493

Transamerica Funds Page    5

Transamerica Core Bond

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2021

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Commercial Services & Supplies (continued)
Republic Services, Inc.
1.45%, 02/15/2031		$   460,000		$   443,846
				820,112
Construction & Engineering - 0.1%
Quanta Services, Inc.
2.90%, 10/01/2030		640,000		683,222
Construction Materials - 0.1%
CRH America, Inc.
5.13%, 05/18/2045 (B)		200,000		262,189
Martin Marietta Materials, Inc.
3.45%, 06/01/2027		276,000		310,191
				572,380
Consumer Finance - 0.5%
BMW US Capital LLC
2.25%, 09/15/2023 (B)		330,000		344,504
Capital One Financial Corp.
3.20%, 02/05/2025		123,000		133,490
3.75%, 07/28/2026		200,000		223,828
4.20%, 10/29/2025		150,000		169,966
Daimler Finance North America LLC
3.35%, 02/22/2023 (B)		300,000		316,481
General Motors Financial Co., Inc.
1.25%, 01/08/2026		927,000		923,724
2.35%, 01/08/2031		499,000		495,022
Hyundai Capital America
1.15%, 11/10/2022 (B)		649,000		653,168
1.30%, 01/08/2026 (B)		180,000		179,444
1.80%, 01/10/2028 (B)		345,000		342,910
3.00%, 03/18/2021 (B)		250,000		250,818
Volkswagen Group of America Finance LLC
1.63%, 11/24/2027 (B)		310,000		311,672
				4,345,027
Containers & Packaging - 0.1%
International Paper Co.
8.70%, 06/15/2038		120,000		199,315
WRKCo, Inc.
3.00%, 09/15/2024		350,000		376,323
3.75%, 03/15/2025		300,000		333,200
				908,838
Diversified Consumer Services - 0.3%
Emory University
2.14%, 09/01/2030		550,000		572,528
Ford Foundation
2.82%, 06/01/2070		190,000		194,016
Pepperdine University
3.30%, 12/01/2059		310,000		322,380
SART
4.75%, 07/15/2024		1,345,709		1,364,213
University of Southern California
3.23%, 10/01/2120		310,000		307,793
				2,760,930
Diversified Financial Services - 1.0%
AerCap Ireland Capital DAC / AerCap Global Aviation Trust
1.75%, 01/30/2026		189,000		186,140
2.88%, 08/14/2024		345,000		359,639
3.15%, 02/15/2024		600,000		628,668
3.30%, 01/23/2023		157,000		163,623
4.13%, 07/03/2023		250,000		266,851

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Diversified Financial Services (continued)
AerCap Ireland Capital DAC / AerCap Global Aviation Trust (continued)
4.45%, 12/16/2021		$   310,000		$   319,079
4.50%, 09/15/2023		1,225,000		1,326,086
6.50%, 07/15/2025		435,000		514,526
Aviation Capital Group LLC
2.88%, 01/20/2022 (B)		300,000		305,459
5.50%, 12/15/2024 (B)		558,000		630,045
Blackstone Secured Lending Fund
3.65%, 07/14/2023 (B)		415,000		431,737
Brookfield Finance, Inc.
3.90%, 01/25/2028		211,000		240,917
4.70%, 09/20/2047		242,000		299,244
China Southern Power Grid International Finance BVI Co., Ltd.
3.50%, 05/08/2027 (B)		480,000		533,121
GE Capital International Funding Unlimited Co.
4.42%, 11/15/2035		1,400,000		1,636,724
Jefferies Group LLC
6.25%, 01/15/2036		260,000		346,279
6.45%, 06/08/2027		133,000		170,200
Mitsubishi UFJ Lease & Finance Co., Ltd.
2.65%, 09/19/2022 (B)		294,000		302,770
ORIX Corp.
2.90%, 07/18/2022		201,000		207,928
				8,869,036
Diversified Telecommunication Services - 0.8%
AT&T, Inc.
1.65%, 02/01/2028		555,000		557,977
2.25%, 02/01/2032		940,000		927,107
2.30%, 06/01/2027		600,000		633,117
3.10%, 02/01/2043		1,340,000		1,297,053
3.50%, 06/01/2041		972,000		999,910
Deutsche Telekom AG
3.63%, 01/21/2050 (B) (F)		164,000		182,524
Deutsche Telekom International Finance BV
3.60%, 01/19/2027 (B)		180,000		203,172
GTP Acquisition Partners I LLC
3.48%, 06/15/2050 (B)		81,000		87,319
Verizon Communications, Inc.
2.65%, 11/20/2040		427,000		414,876
4.27%, 01/15/2036		400,000		486,458
4.67%, 03/15/2055		385,000		491,684
4.86%, 08/21/2046		447,000		577,481
				6,858,678
Electric Utilities - 1.9%
AEP Texas, Inc.
6.65%, 02/15/2033		100,000		140,024
AEP Transmission Co. LLC
3.15%, 09/15/2049		165,000		176,790
Alabama Power Co.
5.60%, 03/15/2033		160,000		205,906
Appalachian Power Co.
6.38%, 04/01/2036		200,000		279,865
6.70%, 08/15/2037		200,000		288,002
Arizona Public Service Co.
5.05%, 09/01/2041		303,000		405,431
Baltimore Gas & Electric Co.
2.90%, 06/15/2050		240,000		245,680
3.50%, 08/15/2046		188,000		210,793
Comision Federal de Electricidad
4.88%, 05/26/2021 (B)		261,000		264,106
Duke Energy Carolinas LLC
6.00%, 12/01/2028		500,000		654,238
6.45%, 10/15/2032		100,000		142,866

Transamerica Funds Page    6

Transamerica Core Bond

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2021

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Electric Utilities (continued)
Duke Energy Indiana LLC
3.75%, 05/15/2046		$   200,000		$   228,737
Duquesne Light Holdings, Inc.
3.62%, 08/01/2027 (B)		460,000		514,792
Edison International
5.75%, 06/15/2027		350,000		420,660
EDP Finance BV
3.63%, 07/15/2024 (B)		300,000		327,404
Emera US Finance, LP
4.75%, 06/15/2046		350,000		432,121
Enel Finance International NV
3.50%, 04/06/2028 (B)		265,000		298,227
3.63%, 05/25/2027 (B)		270,000		304,050
4.63%, 09/14/2025 (B)		200,000		230,631
Entergy Louisiana LLC
2.90%, 03/15/2051		210,000		214,734
3.05%, 06/01/2031		189,000		211,009
Evergy Metro, Inc.
5.30%, 10/01/2041		500,000		676,639
Florida Power & Light Co.
5.13%, 06/01/2041		112,000		151,993
5.40%, 09/01/2035		100,000		139,848
Fortis, Inc.
3.06%, 10/04/2026		620,000		679,133
ITC Holdings Corp.
2.95%, 05/14/2030 (B)		230,000		249,675
Massachusetts Electric Co.
4.00%, 08/15/2046 (B)		201,000		237,871
Mid-Atlantic Interstate Transmission LLC
4.10%, 05/15/2028 (B)		195,000		217,248
Nevada Power Co.
5.38%, 09/15/2040		52,000		68,119
New England Power Co.
3.80%, 12/05/2047 (B)		140,000		158,837
New York State Electric & Gas Corp.
3.25%, 12/01/2026 (B)		151,000		168,348
Northern States Power Co.
6.20%, 07/01/2037		89,000		132,566
NRG Energy, Inc.
2.00%, 12/02/2025 (B)		310,000		321,560
2.45%, 12/02/2027 (B)		345,000		359,876
4.45%, 06/15/2029 (B)		375,000		426,109
Ohio Edison Co.
6.88%, 07/15/2036		150,000		203,685
Pacific Gas & Electric Co.
3-Month LIBOR + 1.38%, 1.60% (A), 11/15/2021		1,265,000		1,268,046
1.75%, 06/16/2022		2,310,000		2,316,203
2.95%, 03/01/2026		205,000		216,913
3.45%, 07/01/2025		325,000		351,283
3.75%, 08/15/2042		130,000		127,704
4.30%, 03/15/2045		220,000		228,847
Public Service Electric & Gas Co.
3.65%, 09/01/2042, MTN		138,000		160,205
Southern California Edison Co.
4.05%, 03/15/2042		300,000		336,332
5.50%, 03/15/2040		130,000		169,176
Southern Power Co.
5.15%, 09/15/2041		260,000		321,798
Toledo Edison Co.
6.15%, 05/15/2037		200,000		270,078
Tri-State Generation & Transmission Association, Inc.
4.25%, 06/01/2046		124,000		138,543

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Electric Utilities (continued)
Wisconsin Electric Power Co.
3.65%, 12/15/2042		$   144,000		$   161,629
Xcel Energy, Inc.
4.80%, 09/15/2041		116,000		143,403
				16,597,733
Electrical Equipment - 0.1%
Eaton Corp.
7.63%, 04/01/2024		500,000		598,509
Electronic Equipment, Instruments & Components - 0.1%
Arrow Electronics, Inc.
3.25%, 09/08/2024		175,000		188,995
3.50%, 04/01/2022		100,000		102,932
3.88%, 01/12/2028		133,000		149,536
Corning, Inc.
5.35%, 11/15/2048		230,000		314,841
				756,304
Energy Equipment & Services - 0.2%
ANR Pipeline Co.
9.63%, 11/01/2021		200,000		213,372
Baker Hughes Holdings LLC
5.13%, 09/15/2040 (F)		200,000		257,130
Halliburton Co.
7.60%, 08/15/2096 (B)		160,000		191,987
Schlumberger Holdings Corp.
3.90%, 05/17/2028 (B)		170,000		190,612
Schlumberger Investment SA
2.65%, 06/26/2030		400,000		417,444
Texas Eastern Transmission, LP
2.80%, 10/15/2022 (B)		462,000		477,234
3.50%, 01/15/2028 (B)		60,000		65,807
				1,813,586
Entertainment - 0.1%
Walt Disney Co.
7.70%, 10/30/2025		300,000		394,417
8.88%, 04/26/2023		200,000		236,069
				630,486
Equity Real Estate Investment Trusts - 1.5%
Alexandria Real Estate Equities, Inc.
4.00%, 02/01/2050		419,000		504,377
American Tower Corp.
1.50%, 01/31/2028		530,000		526,749
1.88%, 10/15/2030 (F)		490,000		484,101
2.10%, 06/15/2030		320,000		321,710
2.95%, 01/15/2051		355,000		342,165
3.38%, 10/15/2026		281,000		312,488
5.00%, 02/15/2024		139,000		156,580
Boston Properties, LP
3.20%, 01/15/2025		228,000		247,378
3.65%, 02/01/2026		408,000		458,956
Brixmor Operating Partnership, LP
3.85%, 02/01/2025		400,000		437,610
Crown Castle International Corp.
2.25%, 01/15/2031		635,000		644,380
5.25%, 01/15/2023		200,000		217,950
Digital Realty Trust, LP
3.70%, 08/15/2027		154,000		176,539
Duke Realty, LP
3.63%, 04/15/2023		168,000		177,741
Equinix, Inc.
1.55%, 03/15/2028		510,000		512,316

Transamerica Funds Page    7

Transamerica Core Bond

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2021

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Equity Real Estate Investment Trusts (continued)
Essex Portfolio, LP
2.65%, 03/15/2032		$   400,000		$   420,337
GAIF Bond Issuer Pty, Ltd.
3.40%, 09/30/2026 (B)		353,000		385,409
Healthcare Trust of America Holdings, LP
2.00%, 03/15/2031		280,000		277,383
Healthpeak Properties, Inc.
3.50%, 07/15/2029		447,000		503,299
Kimco Realty Corp.
2.70%, 10/01/2030		90,000		94,719
Life Storage, LP
4.00%, 06/15/2029		522,000		600,156
National Retail Properties, Inc.
3.50%, 10/15/2027		150,000		166,503
3.60%, 12/15/2026		218,000		242,299
Office Properties Income Trust
4.00%, 07/15/2022		416,000		426,503
Prologis, LP
3.25%, 10/01/2026		107,000		120,130
Realty Income Corp.
3.25%, 01/15/2031		285,000		316,959
3.88%, 04/15/2025		290,000		326,821
4.65%, 03/15/2047		113,000		150,777
Regency Centers, LP
2.95%, 09/15/2029		420,000		446,085
Scentre Group Trust 1 / Scentre Group Trust 2
3.50%, 02/12/2025 (B) (F)		500,000		538,747
UDR, Inc.
2.10%, 08/01/2032, MTN		330,000		328,967
3.20%, 01/15/2030, MTN		500,000		549,234
Ventas Realty, LP
3.75%, 05/01/2024		300,000		326,509
3.85%, 04/01/2027		203,000		228,561
Welltower, Inc.
3.10%, 01/15/2030		330,000		356,257
4.25%, 04/01/2026		250,000		289,352
				12,616,047
Food & Staples Retailing - 0.4%
7-Eleven, Inc.
1.30%, 02/10/2028 (B) (H)		221,000		219,883
2.50%, 02/10/2041 (B) (H)		225,000		221,319
Alimentation Couche-Tard, Inc.
3.80%, 01/25/2050 (B) (F)		445,000		497,525
CK Hutchison International 16, Ltd.
1.88%, 10/03/2021 (B)		241,000		242,861
2.75%, 10/03/2026 (B)		350,000		377,955
CK Hutchison International 19, Ltd.
3.63%, 04/11/2029 (B) (F)		285,000		318,965
CVS Pass-Through Trust
4.70%, 01/10/2036 (B)		470,960		533,022
5.77%, 01/10/2033 (B)		138,711		165,091
5.93%, 01/10/2034 (B)		491,453		584,052
Kroger Co.
8.00%, 09/15/2029		175,000		250,870
				3,411,543
Food Products - 0.3%
Campbell Soup Co.
3.13%, 04/24/2050 (F)		188,000		191,029
Cargill, Inc.
2.13%, 04/23/2030 (B)		712,000		736,332

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Food Products (continued)
Conagra Brands, Inc.
5.30%, 11/01/2038		$   130,000		$   170,582
General Mills, Inc.
4.00%, 04/17/2025		305,000		343,444
Mead Johnson Nutrition Co.
4.13%, 11/15/2025		288,000		330,280
Smithfield Foods, Inc.
3.00%, 10/15/2030 (B)		700,000		727,811
Tyson Foods, Inc.
4.88%, 08/15/2034		100,000		129,919
				2,629,397
Gas Utilities - 0.2%
Atmos Energy Corp.
4.13%, 03/15/2049		570,000		719,682
Boston Gas Co.
4.49%, 02/15/2042 (B)		330,000		406,954
Southern Co. Gas Capital Corp.
3.25%, 06/15/2026		85,000		94,463
5.88%, 03/15/2041		109,000		155,558
				1,376,657
Health Care Equipment & Supplies - 0.2%
Boston Scientific Corp.
4.00%, 03/01/2029		998,000		1,155,646
DH Europe Finance II SARL
3.25%, 11/15/2039		134,000		146,509
Zimmer Biomet Holdings, Inc.
3.70%, 03/19/2023		136,000		144,616
				1,446,771
Health Care Providers & Services - 1.6%
Advocate Health & Hospitals Corp.
2.21%, 06/15/2030		310,000		318,259
Aetna, Inc.
4.50%, 05/15/2042		153,000		184,060
6.75%, 12/15/2037		305,000		455,883
Anthem, Inc.
4.10%, 03/01/2028		425,000		496,343
4.38%, 12/01/2047		110,000		137,538
Bon Secours Mercy Health, Inc.
3.21%, 06/01/2050		345,000		366,024
3.46%, 06/01/2030		650,000		740,515
Children’s Hospital
2.93%, 07/15/2050		340,000		341,785
Children’s Hospital Corp.
2.59%, 02/01/2050		300,000		296,804
Cigna Corp.
4.50%, 02/25/2026		367,000		426,786
CommonSpirit Health
1.55%, 10/01/2025		240,000		245,661
2.78%, 10/01/2030		240,000		252,688
Cottage Health Obligated Group
3.30%, 11/01/2049		360,000		396,267
CVS Health Corp.
1.88%, 02/28/2031		511,000		506,756
5.05%, 03/25/2048		1,125,000		1,467,578
Hartford HealthCare Corp.
3.45%, 07/01/2054		780,000		823,727
HCA, Inc.
5.13%, 06/15/2039		420,000		522,256
5.25%, 06/15/2026		500,000		590,482
Mass General Brigham, Inc.
3.34%, 07/01/2060		1,261,000		1,370,051
Mayo Clinic
4.13%, 11/15/2052		198,000		259,636
Memorial Health Services
3.45%, 11/01/2049		720,000		806,908

Transamerica Funds Page    8

Transamerica Core Bond

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2021

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Health Care Providers & Services (continued)
NYU Langone Hospitals
3.38%, 07/01/2055		$   300,000		$   314,465
Providence St. Joseph Health Obligated Group
2.75%, 10/01/2026		168,000		182,315
Rush Obligated Group
3.92%, 11/15/2029		607,000		711,147
Texas Health Resources
4.33%, 11/15/2055		175,000		227,314
UnitedHealth Group, Inc.
4.63%, 07/15/2035		234,000		304,241
Universal Health Services, Inc.
2.65%, 10/15/2030 (B)		320,000		324,637
Yale-New Haven Health Services Corp.
2.50%, 07/01/2050		390,000		372,517
				13,442,643
Hotels, Restaurants & Leisure - 0.1%
McDonald’s Corp.
4.70%, 12/09/2035, MTN		465,000		593,340
Starbucks Corp.
2.55%, 11/15/2030		390,000		413,102
				1,006,442
Household Durables - 0.0% (I)
Lennar Corp.
4.50%, 04/30/2024		155,000		170,616
Independent Power & Renewable Electricity Producers - 0.0% (I)
Alexander Funding Trust
1.84%, 11/15/2023 (B)		400,000		406,118
Industrial Conglomerates - 0.0% (I)
Roper Technologies, Inc.
2.00%, 06/30/2030		280,000		281,545
Insurance - 1.4%
AIA Group, Ltd.
3.20%, 09/16/2040 (B)		200,000		208,123
3.60%, 04/09/2029 (B)		200,000		223,453
3.90%, 04/06/2028 (B)		335,000		378,417
AIG SunAmerica Global Financing X
6.90%, 03/15/2032 (B)		400,000		585,612
Assurant, Inc.
4.20%, 09/27/2023		425,000		463,371
Athene Global Funding
0.95%, 01/08/2024 (B)		250,000		250,318
1.45%, 01/08/2026 (B)		215,000		215,041
2.95%, 11/12/2026 (B)		1,340,000		1,444,572
Berkshire Hathaway Finance Corp.
4.40%, 05/15/2042		268,000		342,380
Brown & Brown, Inc.
2.38%, 03/15/2031		820,000		841,514
Dai-ichi Life Insurance Co., Ltd.
Fixed until 07/24/2026 (G), 4.00% (A) (B)		421,000		457,838
Hanover Insurance Group, Inc.
2.50%, 09/01/2030		250,000		260,261
Hartford Financial Services Group, Inc.
4.30%, 04/15/2043		360,000		439,906
Intact US Holdings, Inc.
4.60%, 11/09/2022		500,000		530,799
Jackson National Life Global Funding
3.05%, 04/29/2026 (B)		303,000		333,410
Liberty Mutual Group, Inc.
3.95%, 10/15/2050 (B)		300,000		348,357
Liberty Mutual Insurance Co.
8.50%, 05/15/2025 (B)		200,000		248,539

	Principal			Value
CORPORATE DEBT SECURITIES (continued)
Insurance (continued)
Lincoln National Corp.			��
4.00%, 09/01/2023		$   300,000			$   326,361
Manulife Financial Corp.
Fixed until 02/24/2027, 4.06% (A), 02/24/2032		350,000			386,613
MassMutual Global Funding II
2.75%, 06/22/2024 (B)		400,000			429,788
Metropolitan Life Global Funding I
3.00%, 09/19/2027 (B)		350,000			390,209
New York Life Global Funding
2.35%, 07/14/2026 (B)		226,000			241,734
New York Life Insurance Co.
4.45%, 05/15/2069 (B)		330,000			431,559
Pacific Life Insurance Co.
Fixed until 10/24/2047, 4.30% (A), 10/24/2067 (B)		198,000			226,282
Progressive Corp.
Fixed until 03/15/2023 (G), 5.38% (A) (F)		245,000			257,250
Prudential Insurance Co. of America
8.30%, 07/01/2025 (B)		900,000			1,162,323
Sumitomo Life Insurance Co.
Fixed until 09/14/2027, 4.00% (A), 09/14/2077 (B)		250,000			274,375
Teachers Insurance & Annuity Association of America
4.27%, 05/15/2047 (B)		260,000			316,312
Travelers Property Casualty Corp.
7.75%, 04/15/2026		200,000			268,069
					12,282,786
Internet & Direct Marketing Retail - 0.1%
Amazon.com, Inc.
3.88%, 08/22/2037		500,000			607,390
IT Services - 0.4%
DXC Technology Co.
4.25%, 04/15/2024		172,000			188,410
Fiserv, Inc.
3.20%, 07/01/2026		230,000			254,757
4.40%, 07/01/2049		220,000			275,865
Global Payments, Inc.
4.15%, 08/15/2049		460,000			542,227
International Business Machines Corp.
1.70%, 05/15/2027		1,145,000			1,176,691
Leidos, Inc.
2.30%, 02/15/2031 (B)		200,000			200,931
Western Union Co.
3.60%, 03/15/2022		400,000			412,265
					3,051,146
Leisure Products - 0.1%
Hasbro, Inc.
3.90%, 11/19/2029		535,000			597,419
Life Sciences Tools & Services - 0.0% (I)
Thermo Fisher Scientific, Inc.
2.95%, 09/19/2026		161,000			177,335
Machinery - 0.2%
nVent Finance SARL
4.55%, 04/15/2028		337,000			361,687

Transamerica Funds Page    9

Transamerica Core Bond

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2021

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Machinery (continued)
Otis Worldwide Corp.
2.57%, 02/15/2030		$   775,000		$   818,192
Xylem, Inc.
2.25%, 01/30/2031		235,000		243,062
				1,422,941
Media - 0.9%
Charter Communications Operating LLC / Charter Communications Operating Capital
3.70%, 04/01/2051		200,000		196,481
4.80%, 03/01/2050		315,000		357,474
5.05%, 03/30/2029		400,000		478,550
6.83%, 10/23/2055		150,000		218,129
Comcast Cable Holdings LLC
10.13%, 04/15/2022		414,000		462,535
Comcast Corp.
3.25%, 11/01/2039		380,000		413,534
3.45%, 02/01/2050		634,000		704,788
3.95%, 10/15/2025		335,000		381,709
4.60%, 10/15/2038		415,000		525,421
4.95%, 10/15/2058		525,000		743,934
Cox Communications, Inc.
4.60%, 08/15/2047 (B)		196,000		245,101
Discovery Communications LLC
5.20%, 09/20/2047		335,000		424,210
Fox Corp.
5.58%, 01/25/2049		175,000		241,644
NBCUniversal Media LLC
5.95%, 04/01/2041		210,000		307,132
SES SA
3.60%, 04/04/2023 (B)		100,000		105,934
Time Warner Cable LLC
5.50%, 09/01/2041		400,000		499,660
Time Warner Entertainment Co., LP
8.38%, 07/15/2033		250,000		377,019
ViacomCBS, Inc.
2.90%, 01/15/2027		250,000		272,190
4.00%, 01/15/2026		208,000		236,316
4.85%, 07/01/2042		150,000		183,378
				7,375,139
Metals & Mining - 0.5%
Anglo American Capital PLC
2.63%, 09/10/2030 (B)		391,000		400,868
3.63%, 09/11/2024 (B)		200,000		219,124
3.95%, 09/10/2050 (B)		200,000		220,759
Barrick Gold Corp.
6.45%, 10/15/2035		140,000		194,310
Glencore Funding LLC
1.63%, 09/01/2025 (B)		560,000		572,851
2.50%, 09/01/2030 (B)		790,000		796,560
4.13%, 05/30/2023 (B)		234,000		252,336
Reliance Steel & Aluminum Co.
1.30%, 08/15/2025		1,190,000		1,206,084
Steel Dynamics, Inc.
3.45%, 04/15/2030		522,000		580,387
				4,443,279
Multi-Utilities - 0.3%
Delmarva Power & Light Co.
4.00%, 06/01/2042		294,000		340,726
4.15%, 05/15/2045		270,000		326,072
Dominion Energy, Inc.
5.25%, 08/01/2033		500,000		653,914

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Multi-Utilities (continued)
NiSource, Inc.
5.80%, 02/01/2042		$   600,000		$   803,843
San Diego Gas & Electric Co.
6.00%, 06/01/2026 (F)		320,000		396,248
6.13%, 09/15/2037		100,000		134,654
				2,655,457
Multiline Retail - 0.0% (I)
Dollar General Corp.
4.13%, 05/01/2028		280,000		328,975
Oil, Gas & Consumable Fuels - 2.7%
APT Pipelines, Ltd.
4.25%, 07/15/2027 (B)		386,000		439,849
Boardwalk Pipelines, LP
4.80%, 05/03/2029		250,000		284,730
BP Capital Markets America, Inc.
1.75%, 08/10/2030		490,000		482,549
2.77%, 11/10/2050		370,000		343,125
2.94%, 06/04/2051		35,000		33,670
BP Capital Markets PLC
3.28%, 09/19/2027		321,000		359,034
Cameron LNG LLC
3.70%, 01/15/2039 (B)		554,000		613,636
Cheniere Corpus Christi Holdings LLC
5.13%, 06/30/2027		295,000		349,577
Chevron USA, Inc.
3.25%, 10/15/2029		290,000		327,032
5.25%, 11/15/2043		400,000		544,532
Concho Resources, Inc.
2.40%, 02/15/2031		255,000		264,425
Diamondback Energy, Inc.
3.25%, 12/01/2026		270,000		288,917
4.75%, 05/31/2025		300,000		339,258
Ecopetrol SA
5.38%, 06/26/2026		135,000		153,360
Enbridge, Inc.
4.50%, 06/10/2044		200,000		229,630
Fixed until 03/01/2028, 6.25% (A), 03/01/2078		300,000		324,979
Energy Transfer Operating, LP
4.75%, 01/15/2026		618,000		696,227
6.05%, 06/01/2041		538,000		617,110
Eni SpA
5.70%, 10/01/2040 (B)		500,000		606,483
Enterprise Products Operating LLC
4.45%, 02/15/2043		161,000		188,408
7.55%, 04/15/2038		161,000		243,112
EQT Corp.
3.90%, 10/01/2027		264,000		274,230
Exxon Mobil Corp.
2.99%, 03/19/2025		750,000		813,969
3.00%, 08/16/2039		515,000		535,893
4.11%, 03/01/2046		294,000		349,075
Gray Oak Pipeline LLC
2.00%, 09/15/2023 (B)		250,000		254,031
2.60%, 10/15/2025 (B) (F)		305,000		314,956
HollyFrontier Corp.
2.63%, 10/01/2023		425,000		436,133
5.88%, 04/01/2026		224,000		253,504
Kinder Morgan, Inc.
2.00%, 02/15/2031 (F)		270,000		262,672
3.25%, 08/01/2050		330,000		309,687
Magellan Midstream Partners, LP
4.20%, 12/01/2042 - 10/03/2047		378,000		411,332
Marathon Petroleum Corp.
4.50%, 05/01/2023		156,000		168,757
4.70%, 05/01/2025		94,000		107,377

Transamerica Funds Page    10

Transamerica Core Bond

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2021

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Oil, Gas & Consumable Fuels (continued)
MPLX, LP
2.65%, 08/15/2030		$   410,000		$   418,762
4.13%, 03/01/2027		155,000		176,712
4.50%, 04/15/2038		280,000		312,993
5.50%, 02/15/2049		305,000		379,832
ONEOK Partners, LP
6.65%, 10/01/2036		220,000		283,480
ONEOK, Inc.
2.20%, 09/15/2025		500,000		520,255
3.40%, 09/01/2029		495,000		523,473
5.20%, 07/15/2048		300,000		341,710
Ovintiv, Inc.
7.20%, 11/01/2031		200,000		251,816
7.38%, 11/01/2031 (F)		181,000		230,406
Phillips 66 Partners, LP
3.15%, 12/15/2029		300,000		310,641
4.90%, 10/01/2046		144,000		159,285
Pioneer Natural Resources Co.
1.90%, 08/15/2030		520,000		506,090
Plains All American Pipeline, LP / PAA Finance Corp.
4.30%, 01/31/2043		150,000		147,153
4.65%, 10/15/2025		495,000		553,684
4.70%, 06/15/2044		160,000		161,766
Saudi Arabian Oil Co.
1.63%, 11/24/2025 (B) (F)		200,000		203,644
Southern Natural Gas Co. LLC
4.80%, 03/15/2047 (B)		136,000		156,447
8.00%, 03/01/2032 (F)		105,000		146,888
Suncor Energy, Inc.
5.95%, 12/01/2034		550,000		714,147
7.88%, 06/15/2026		100,000		128,877
Sunoco Logistics Partners Operations, LP
3.90%, 07/15/2026		195,000		213,323
6.10%, 02/15/2042		500,000		563,750
TC PipeLines, LP
3.90%, 05/25/2027 (F)		141,000		159,541
Tennessee Gas Pipeline Co. LLC
2.90%, 03/01/2030 (B)		595,000		621,162
Total Capital International SA
2.99%, 06/29/2041		650,000		670,602
3.13%, 05/29/2050		605,000		619,851
3.46%, 07/12/2049		200,000		217,608
Valero Energy Corp.
1.20%, 03/15/2024		430,000		432,763
2.15%, 09/15/2027		390,000		394,188
Williams Cos., Inc.
4.85%, 03/01/2048		249,000		293,469
				23,035,577
Personal Products - 0.1%
Estee Lauder Cos., Inc.
2.60%, 04/15/2030		549,000		593,523
Pharmaceuticals - 1.0%
AstraZeneca PLC
1.38%, 08/06/2030		250,000		241,024
6.45%, 09/15/2037		180,000		269,170
Bristol-Myers Squibb Co.
1.13%, 11/13/2027		250,000		250,579
1.45%, 11/13/2030 (F)		145,000		142,235
4.13%, 06/15/2039		377,000		466,070
4.55%, 02/20/2048		370,000		484,170
5.00%, 08/15/2045		150,000		206,755
5.70%, 10/15/2040		160,000		227,361

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Pharmaceuticals (continued)
Mylan, Inc.
5.40%, 11/29/2043		$   100,000		$   130,869
Pfizer, Inc.
3.90%, 03/15/2039		600,000		727,200
Royalty Pharma PLC
0.75%, 09/02/2023 (B)		465,000		466,818
1.20%, 09/02/2025 (B)		460,000		463,369
1.75%, 09/02/2027 (B)		460,000		469,026
3.55%, 09/02/2050 (B)		390,000		407,263
Shire Acquisitions Investments Ireland DAC
3.20%, 09/23/2026		778,000		863,013
Takeda Pharmaceutical Co., Ltd.
3.03%, 07/09/2040		430,000		443,004
3.18%, 07/09/2050		415,000		423,990
3.38%, 07/09/2060		290,000		305,152
Utah Acquisition Sub, Inc.
3.95%, 06/15/2026		185,000		210,344
Viatris, Inc.
2.30%, 06/22/2027 (B)		1,260,000		1,326,711
Zoetis, Inc.
2.00%, 05/15/2030		410,000		415,328
				8,939,451
Real Estate Management & Development - 0.1%
Ontario Teachers’ Cadillac Fairview Properties Trust
3.13%, 03/20/2022 (B)		314,000		322,986
3.88%, 03/20/2027 (B)		325,000		363,010
				685,996
Road & Rail - 0.9%
Avolon Holdings Funding, Ltd.
2.13%, 02/21/2026 (B)		250,000		244,977
3.63%, 05/01/2022 (B)		215,000		220,072
4.25%, 04/15/2026 (B)		280,000		303,228
4.38%, 05/01/2026 (B)		510,000		552,598
5.25%, 05/15/2024 (B)		555,000		604,801
5.50%, 01/15/2023 - 01/15/2026 (B)		1,305,000		1,438,110
Burlington Northern Santa Fe LLC
3.55%, 02/15/2050		233,000		271,007
5.75%, 05/01/2040		300,000		435,151
7.29%, 06/01/2036		90,000		143,602
CSX Corp.
4.75%, 11/15/2048		215,000		284,378
6.00%, 10/01/2036, MTN		340,000		487,293
Norfolk Southern Corp.
3.85%, 01/15/2024		266,000		290,546
Park Aerospace Holdings, Ltd.
4.50%, 03/15/2023 (B)		95,000		99,841
5.25%, 08/15/2022 (B)		1,865,000		1,955,788
5.50%, 02/15/2024 (B)		300,000		329,163
				7,660,555
Semiconductors & Semiconductor Equipment - 0.4%
Analog Devices, Inc.
4.50%, 12/05/2036		226,000		265,848
Broadcom Corp. / Broadcom Cayman Finance, Ltd.
3.88%, 01/15/2027		200,000		223,260
Broadcom, Inc.
1.95%, 02/15/2028 (B) (F)		1,000,000		1,003,602
4.11%, 09/15/2028		697,000		786,489
4.75%, 04/15/2029		925,000		1,080,180

Transamerica Funds Page    11

Transamerica Core Bond

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2021

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Semiconductors & Semiconductor Equipment (continued)
Microchip Technology, Inc.
0.97%, 02/15/2024 (B)		$   530,000		$   530,241
				3,889,620
Software - 0.1%
Microsoft Corp.
3.95%, 08/08/2056		183,000		237,840
4.10%, 02/06/2037		307,000		386,919
				624,759
Specialty Retail - 0.1%
AutoZone, Inc.
1.65%, 01/15/2031		350,000		341,742
Lowe’s Cos., Inc.
3.65%, 04/05/2029		472,000		539,839
O’Reilly Automotive, Inc.
3.60%, 09/01/2027		247,000		281,011
				1,162,592
Technology Hardware, Storage & Peripherals - 0.3%
Apple, Inc.
3.45%, 02/09/2045		528,000		601,428
3.75%, 09/12/2047		500,000		596,984
3.85%, 08/04/2046		207,000		250,821
4.65%, 02/23/2046		119,000		160,778
Dell International LLC / EMC Corp.
5.45%, 06/15/2023 (B)		250,000		274,593
6.02%, 06/15/2026 (B)		500,000		602,917
HP, Inc.
3.00%, 06/17/2027		335,000		367,015
				2,854,536
Tobacco - 0.2%
BAT Capital Corp.
2.26%, 03/25/2028		290,000		295,738
3.73%, 09/25/2040		195,000		198,892
3.98%, 09/25/2050		300,000		300,788
4.54%, 08/15/2047		290,000		315,739
BAT International Finance PLC
1.67%, 03/25/2026		215,000		218,199
				1,329,356
Trading Companies & Distributors - 0.4%
Air Lease Corp.
3.25%, 03/01/2025 - 10/01/2029		1,153,000		1,215,429
3.38%, 07/01/2025		950,000		1,020,739
BOC Aviation, Ltd.
2.75%, 09/18/2022 (B)		270,000		275,670
3.50%, 10/10/2024 (B) (F)		200,000		214,126
International Lease Finance Corp.
5.88%, 08/15/2022		154,000		165,706
8.63%, 01/15/2022		700,000		752,641
WW Grainger, Inc.
4.60%, 06/15/2045		198,000		257,689
				3,902,000
Transportation Infrastructure - 0.1%
Mexico City Airport Trust
5.50%, 07/31/2047 (B)		200,000		200,690

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Transportation Infrastructure (continued)
Penske Truck Leasing Co., LP / PTL Finance Corp.
4.13%, 08/01/2023 (B)		$   233,000		$   252,299
Transurban Finance Co. Pty, Ltd.
2.45%, 03/16/2031 (B) (F)		260,000		270,902
				723,891
Water Utilities - 0.1%
American Water Capital Corp.
3.85%, 03/01/2024		300,000		327,920
4.00%, 12/01/2046		172,000		207,516
				535,436
Wireless Telecommunication Services - 0.7%
America Movil SAB de CV
3.13%, 07/16/2022		236,000		244,954
4.38%, 04/22/2049 (F)		251,000		312,711
Crown Castle Towers LLC
3.22%, 05/15/2042 (B)		200,000		202,051
Rogers Communications, Inc.
4.35%, 05/01/2049		350,000		430,206
T-Mobile USA, Inc.
1.50%, 02/15/2026 (B)		1,105,000		1,120,791
2.05%, 02/15/2028 (B)		1,150,000		1,178,244
3.00%, 02/15/2041 (B)		310,000		305,195
3.75%, 04/15/2027 (B)		1,210,000		1,359,810
Vodafone Group PLC
4.88%, 06/19/2049		545,000		699,147
5.25%, 05/30/2048		260,000		347,838
				6,200,947
Total Corporate Debt Securities (Cost $256,817,907)				279,191,855
FOREIGN GOVERNMENT OBLIGATIONS - 0.7%
Chile - 0.0% (I)
Chile Government International Bond
2.55%, 01/27/2032		218,000		230,214
Colombia - 0.2%
Colombia Government International Bond
3.13%, 04/15/2031 (F)		210,000		216,932
4.00%, 02/26/2024		300,000		321,753
4.13%, 05/15/2051 (F)		345,000		361,905
5.00%, 06/15/2045		200,000		232,300
7.38%, 09/18/2037		200,000		279,900
				1,412,790
Mexico - 0.5%
Mexico Government International Bond
2.66%, 05/24/2031		467,000		464,450
3.75%, 01/11/2028		1,042,000		1,159,454
3.77%, 05/24/2061		345,000		332,411
4.13%, 01/21/2026 (F)		615,000		703,874
4.35%, 01/15/2047		183,000		194,895
4.60%, 02/10/2048		200,000		220,252
4.75%, 03/08/2044, MTN		190,000		213,275
5.75%, 10/12/2110, MTN		550,000		679,943
				3,968,554
Panama - 0.0% (I)
Panama Government International Bond
4.50%, 04/16/2050		200,000		245,502

Transamerica Funds Page    12

Transamerica Core Bond

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2021

(unaudited)

	Principal		Value
FOREIGN GOVERNMENT OBLIGATIONS (continued)
Saudi Arabia - 0.0% (I)
Saudi Government International Bond
2.25%, 02/02/2033 (B) (H)		$   272,000		$   268,720
Total Foreign Government Obligations (Cost $5,710,278)				6,125,780
MORTGAGE-BACKED SECURITIES - 5.0%
American General Mortgage Loan Trust
Series 2006-1, Class A5,
5.75% (A), 12/25/2035 (B)		1,760		1,843
Banc of America Funding Trust
Series 2004-3, Class 1A1,
5.50%, 10/25/2034		55,149		56,594
Series 2004-C, Class 1A1,
3.23% (A), 12/20/2034		19,505		20,020
Series 2005-E, Class 4A1,
2.92% (A), 03/20/2035		25,245		25,695
Banc of America Mortgage Trust
Series 2003-C, Class 3A1,
4.00% (A), 04/25/2033		26,626		26,939
BB-UBS Trust
Series 2012-SHOW, Class A,
3.43%, 11/05/2036 (B)		1,500,000		1,582,905
BCAP LLC Trust
Series 2009-RR5, Class 8A1,
5.50% (A), 11/26/2034 (B)		7,334		7,344
Bear Stearns ARM Trust
Series 2003-4, Class 3A1,
2.68% (A), 07/25/2033		24,473		25,357
Series 2004-2, Class 14A,
3.50% (A), 05/25/2034		20,224		19,874
Bear Stearns Commercial Mortgage Securities Trust, Interest Only STRIPS
Series 2005-PWR8, Class X1,
0.72% (A), 06/11/2041 (B)		4,233		6
BVRT Financing Trust
Series 2020-3F, Class A,
3.15%, 11/10/2022 (C) (D)		2,200,000		2,200,000
Chase Mortgage Finance Trust
Series 2007-A1, Class 1A3,
2.97% (A), 02/25/2037		264,633		266,875
Series 2007-A1, Class 2A1,
3.17% (A), 02/25/2037		51,862		52,363
Series 2007-A1, Class 7A1,
3.39% (A), 02/25/2037		41,311		41,910
Series 2007-A1, Class 9A1,
3.03% (A), 02/25/2037		21,907		22,069
Series 2007-A2, Class 1A1,
3.50% (A), 06/25/2035		11,046		10,738
Series 2007-A2, Class 2A1,
2.78% (A), 06/25/2035		91,249		92,284
CHL Mortgage Pass-Through Trust
Series 2004-3, Class A26,
5.50%, 04/25/2034		74,532		75,898
Series 2004-3, Class A4,
5.75%, 04/25/2034		111,798		114,110
Series 2004-5, Class 1A4,
5.50%, 06/25/2034		113,296		117,187
Series 2004-8, Class 2A1,
4.50%, 06/25/2019 (C)		259		267
Citigroup Global Markets Mortgage Securities VII, Inc.
Series 2003-HYB1, Class A,
2.60% (A), 09/25/2033		35,133		36,325

	Principal		Value
MORTGAGE-BACKED SECURITIES (continued)
Citigroup Mortgage Loan Trust, Inc.
Series 2003-1, Class 3A4,
5.25%, 09/25/2033		$   41,044		$   41,803
Series 2005-2, Class 2A11,
5.50%, 05/25/2035		85,116		88,147
Series 2009-10, Class 1A1,
2.79% (A), 09/25/2033 (B)		90,071		90,830
COBALT CMBS Commercial Mortgage Trust, Interest Only STRIPS
Series 2006-C1, Class IO,
0.40% (A), 08/15/2048		94,686		805
COMM Mortgage Trust
Series 2015-CR25, Class A4,
3.76%, 08/10/2048		562,000		631,196
Series 2018-HOME, Class A,
3.82% (A), 04/10/2033 (B)		2,410,000		2,673,375
COMM Mortgage Trust, Interest Only STRIPS
Series 2012-CR2, Class XA,
1.62% (A), 08/15/2045		1,680,228		28,092
Credit Suisse First Boston Mortgage Securities Corp.
Series 2003-21, Class 1A4,
5.25%, 09/25/2033		29,913		30,885
Series 2003-AR15, Class 3A1,
3.23% (A), 06/25/2033		65,541		66,927
Series 2004-5, Class 3A1,
5.25%, 08/25/2019		13,645		12,545
CSFB Mortgage-Backed Pass-Through Certificates
Series 2003-27, Class 5A4,
5.25%, 11/25/2033		46,959		48,061
Series 2003-29, Class 5A1,
7.00%, 12/25/2033		55,067		57,304
Series 2004-4, Class 2A4,
5.50%, 09/25/2034		61,066		63,697
Series 2004-8, Class 1A4,
5.50%, 12/25/2034		103,267		105,398
CSMC OA LLC
Series 2014-USA, Class D,
4.37%, 09/15/2037 (B)		500,000		443,361
Deutsche Alt-A Securities, Inc. Mortgage Loan Trust
Series 2005-1, Class 2A1,
4.95% (A), 02/25/2020		12,136		12,067
FMC GMSR Issuer Trust
Series 2020-GT1, Class A,
4.45% (A), 01/25/2026 (B)		1,700,000		1,704,004
GS Mortgage Securities Trust, Interest Only STRIPS
Series 2006-GG8, Class X,
1.11% (A), 11/10/2039 (B)		814,268		1,321
GSMPS Mortgage Loan Trust
Series 2005-RP3, Class 1AF,
1-Month LIBOR + 0.35%, 0.48% (A), 09/25/2035 (B)		598,350		497,934
GSMPS Mortgage Loan Trust, Interest Only STRIPS
Series 2005-RP3, Class 1AS,
4.24% (A), 09/25/2035 (B)		448,762		58,830
GSR Mortgage Loan Trust
Series 2003-7F, Class 1A4,
5.25%, 06/25/2033		180,080		186,255
Series 2004-8F, Class 2A3,
6.00%, 09/25/2034		109,155		111,914
Series 2005-5F, Class 8A3,
1-Month LIBOR + 0.50%, 0.63% (A), 06/25/2035		7,814		7,327

Transamerica Funds Page    13

Transamerica Core Bond

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2021

(unaudited)

	Principal		Value
MORTGAGE-BACKED SECURITIES (continued)
Headlands Residential LLC
Series 2017-RPL1, Class A,
3.88% (A), 11/25/2024 (B)		$   1,980,000		$   1,996,165
Series 2018-RPL1, Class A,
3.88% (A), 08/25/2024 (B)		2,410,000		2,429,039
Series 2019-RPL1, Class NOTE,
3.97% (A), 06/25/2024 (B)		2,300,000		2,313,322
Impac CMB Trust
Series 2005-4, Class 2A1,
1-Month LIBOR + 0.60%, 0.73% (A), 05/25/2035		92,356		90,973
Impac Secured Assets CMN Owner Trust
Series 2003-2, Class A1,
5.50%, 08/25/2033		34,137		34,300
Impac Secured Assets Trust
Series 2006-1, Class 2A1,
1-Month LIBOR + 0.35%, 0.48% (A), 05/25/2036		176,689		175,902
Series 2006-2, Class 2A1,
1-Month LIBOR + 0.35%, 0.48% (A), 08/25/2036		23,436		23,496
Independence Plaza Trust
Series 2018-INDP, Class A,
3.76%, 07/10/2035 (B)		1,590,000		1,700,640
JPMorgan Chase Commercial Mortgage Securities Trust, Interest Only STRIPS
Series 2006-CB15, Class X1,
0.33% (A), 06/12/2043		2,049,414		1,328
JPMorgan Mortgage Trust
Series 2004-A3, Class 4A1,
3.26% (A), 07/25/2034		3,787		3,884
Series 2004-A4, Class 1A1,
2.88% (A), 09/25/2034		11,060		10,847
Series 2004-S1, Class 1A7,
5.00%, 09/25/2034		1,564		1,604
Series 2005-A1, Class 3A4,
3.32% (A), 02/25/2035		51,890		51,017
Series 2006-A2, Class 5A3,
2.54% (A), 11/25/2033		94,972		98,540
Series 2006-A3, Class 6A1,
3.02% (A), 08/25/2034		11,312		11,266
LB-UBS Commercial Mortgage Trust, Interest Only STRIPS
Series 2006-C1, Class XCL,
0.38% (A), 02/15/2041 (B)		911,815		408
LHOME Mortgage Trust
Series 2019-RTL3, Class A1,
3.87%, 07/25/2024 (B)		2,210,000		2,235,028
MASTR Adjustable Rate Mortgages Trust
Series 2004-13, Class 2A1,
3.00% (A), 04/21/2034		113,675		114,842
Series 2004-13, Class 3A7,
3.17% (A), 11/21/2034		72,327		74,733
MASTR Alternative Loan Trust
Series 2003-9, Class 2A1,
6.00%, 12/25/2033		11,048		11,517
MASTR Asset Securitization Trust
Series 2003-11, Class 9A6,
5.25%, 12/25/2033		155,555		159,331
Series 2004-P7, Class A6,
5.50%, 12/27/2033 (B)		16,180		16,229
MASTR Resecuritization Trust, Principal Only STRIPS
Series 2005, Class 3,
Zero Coupon, 05/28/2035 (B)		7,902		5,837

	Principal		Value
MORTGAGE-BACKED SECURITIES (continued)
Merrill Lynch Mortgage Investors Trust
Series 2003-A4, Class 2A,
3.26% (A), 07/25/2033		$   30,349		$   29,788
Series 2003-A5, Class 2A6,
2.36% (A), 08/25/2033		21,423		21,432
Series 2004-1, Class 2A1,
2.41% (A), 12/25/2034		85,071		86,136
Series 2004-A4, Class A2,
3.19% (A), 08/25/2034		38,358		39,447
Series 2004-D, Class A2,
6-Month LIBOR + 0.72%, 1.03% (A), 09/25/2029		70,060		68,065
ML-CFC Commercial Mortgage Trust, Interest Only STRIPS
Series 2006-4, Class XC,
0.72% (A), 12/12/2049 (B)		191,133		10
Morgan Stanley Capital I Trust, Interest Only STRIPS
Series 2006-IQ12, Class X1,
0.29% (A), 12/15/2043 (B)		308,711		5
Series 2006-T21, Class X,
0.08% (A), 10/12/2052 (B)		3,410,813		1,392
Series 2007-HQ11, Class X,
0.31% (A), 02/12/2044 (B)		319,948		32
Morgan Stanley Mortgage Loan Trust
Series 2004-3, Class 4A,
5.62% (A), 04/25/2034		103,117		110,825
MRCD Mortgage Trust
Series 2019-PARK, Class D,
2.72%, 12/15/2036 (B)		1,443,000		1,457,481
Prime Mortgage Trust
Series 2004-CL1, Class 1A1,
6.00%, 02/25/2034		33,955		34,612
Prime Mortgage Trust, Principal Only STRIPS
Series 2004-CL1, Class 1,
Zero Coupon, 02/25/2034		2,209		1,849
RAMP Trust
Series 2004-SL2, Class A3,
7.00%, 10/25/2031		73,461		77,656
RBSSP Resecuritization Trust
Series 2009-1, Class 1A1,
6.50% (A), 02/26/2036 (B)		63,059		64,270
RCO V Mortgage LLC
Series 2020-1, Class A1,
3.10% (A), 09/25/2025 (B)		1,627,011		1,630,886
Seasoned Credit Risk Transfer Trust
Series 2019-1, Class MT,
3.50%, 07/25/2058		2,217,234		2,399,170
Series 2019-3, Class MB,
3.50%, 10/25/2058		964,827		1,098,780
Series 2019-4, Class M55D,
4.00%, 02/25/2059		1,662,020		1,836,057
Sequoia Mortgage Trust
Series 2004-11, Class A1,
1-Month LIBOR + 0.60%, 0.73% (A), 12/20/2034		149,939		151,896
Series 2004-11, Class A3,
1-Month LIBOR + 0.60%, 0.73% (A), 12/20/2034		33,519		33,394
Series 2004-12, Class A3,
6-Month LIBOR + 0.32%, 0.58% (A), 01/20/2035		65,966		63,481
Structured Asset Mortgage Investments II Trust
Series 2004-AR5, Class 1A1,
1-Month LIBOR + 0.66%, 0.79% (A), 10/19/2034		155,421		157,674

Transamerica Funds Page    14

Transamerica Core Bond

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2021

(unaudited)

	Principal		Value
MORTGAGE-BACKED SECURITIES (continued)
Structured Asset Securities Corp.
Series 2003-37A, Class 2A,
2.41% (A), 12/25/2033		$   37,933		$   37,722
Series 2004-4XS, Class 1A5,
5.14% (A), 02/25/2034		189,533		195,089
Thornburg Mortgage Securities Trust
Series 2003-4, Class A1,
1-Month LIBOR + 0.64%, 0.77% (A), 09/25/2043		66,501		67,193
Series 2004-1, Class II2A,
2.17% (A), 03/25/2044		27,196		27,302
Toorak Mortgage Corp., Ltd.
Series 2019-2, Class A1,
3.72% (A), 09/25/2022		1,548,000		1,570,530
UBS-BAMLL Trust
Series 2012-WRM, Class A,
3.66%, 06/10/2030 (B)		1,000,000		1,009,518
UBS-Barclays Commercial Mortgage Trust
Series 2012-C2, Class A4,
3.53%, 05/10/2063		650,000		669,651
UBS-Barclays Commercial Mortgage Trust, Interest Only STRIPS
Series 2012-C2, Class XA,
1.29% (A), 05/10/2063 (B)		4,005,460		57,366
V.M. Jog Engineering, Ltd.
Series 2017, Class A,
1-Month LIBOR + 4.60%, 6.56%, 12/15/2021		2,090,000		2,090,000
VNDO Mortgage Trust
Series 2012-6AVE, Class A,
3.00%, 11/15/2030 (B)		1,000,000		1,037,704
Wachovia Bank Commercial Mortgage Trust, Interest Only STRIPS
Series 2006-C24, Class XC,
0.00% (A), 03/15/2045 (B)		495,830		5
WaMu Mortgage Pass-Through Certificates Trust
Series 2003-AR6, Class A1,
3.11% (A), 06/25/2033		113,009		116,459
Series 2003-AR7, Class A7,
2.71% (A), 08/25/2033		45,117		45,682
Series 2003-AR8, Class A,
2.90% (A), 08/25/2033		17,113		17,539
Series 2003-AR9, Class 1A6,
2.79% (A), 09/25/2033		86,983		87,481
Series 2003-S3, Class 1A4,
5.50%, 06/25/2033		141,117		145,377
Series 2003-S4, Class 2A10,
(2.75) * 1-Month LIBOR + 17.46%, 17.11% (A), 06/25/2033		5,740		7,078
Series 2003-S9, Class A8,
5.25%, 10/25/2033		49,766		51,245
Series 2004-AR3, Class A1,
3.66% (A), 06/25/2034		10,629		10,894
Series 2004-AR3, Class A2,
3.66% (A), 06/25/2034		109,331		111,792
Series 2004-S2, Class 2A4,
5.50%, 06/25/2034		95,453		98,414
Washington Mutual MSC Mortgage Pass-Through Certificates Trust
Series 2004-RA2, Class 2A,
7.00%, 07/25/2033		37,134		40,129
Wells Fargo Commercial Mortgage Trust
Series 2016-C35, Class A4,
2.93%, 07/15/2048		1,915,000		2,083,027

	Principal		Value
MORTGAGE-BACKED SECURITIES (continued)
Wells Fargo Mortgage-Backed Securities Trust
Series 2004-U, Class A1,
3.27% (A), 10/25/2034		$   201,445		$   199,477
WFRBS Commercial Mortgage Trust
Series 2011-C3, Class A4,
4.38%, 03/15/2044 (B)		215,786		216,333
Total Mortgage-Backed Securities (Cost $41,752,979)				42,676,274
MUNICIPAL GOVERNMENT OBLIGATIONS - 0.8%
California - 0.2%
State of California, General Obligation Unlimited,
7.30%, 10/01/2039		520,000		847,402
University of California Regents Medical Center Pooled Revenue, Revenue Bonds,
3.71%, 05/15/2120		820,000		902,861
				1,750,263
New York - 0.3%
New York State Dormitory Authority, Revenue Bonds,
Series D,
5.60%, 03/15/2040		280,000		385,683
Port Authority of New York & New Jersey, Revenue Bonds
4.46%, 10/01/2062		800,000		1,065,944
5.65%, 11/01/2040		655,000		930,113
				2,381,740
Ohio - 0.3%
American Municipal Power, Inc., Revenue Bonds,
Series B,
7.50%, 02/15/2050		640,000		1,066,234
Ohio State University, Revenue Bonds,
Series A,
4.80%, 06/01/2111		1,370,000		1,958,223
				3,024,457
Total Municipal Government Obligations (Cost $5,236,316)				7,156,460
U.S. GOVERNMENT AGENCY OBLIGATIONS - 28.4%
Federal Home Loan Mortgage Corp.
6-Month LIBOR + 1.54%, 1.82% (A), 05/01/2037		56,568		58,923
12-Month LIBOR + 1.64%, 2.02% (A), 11/01/2036		28,324		29,801
6-Month LIBOR + 1.70%, 2.03% (A), 10/01/2036		17,349		17,615
12-Month LIBOR + 1.58%, 2.04% (A), 12/01/2036		87,183		91,461
6-Month LIBOR + 2.01%, 2.26% (A), 05/01/2037		26,871		28,333
12-Month LIBOR + 1.67%, 2.27% (A), 12/01/2036		87,549		92,292
12-Month LIBOR + 1.91%, 2.29% (A), 04/01/2037		1,293		1,293
12-Month LIBOR + 1.77%, 2.36% (A), 09/01/2037		11,621		11,866
1-Year CMT + 2.24%, 2.41% (A), 11/01/2036		90,072		94,414

Transamerica Funds Page    15

Transamerica Core Bond

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2021

(unaudited)

	Principal		Value
U.S. GOVERNMENT AGENCY OBLIGATIONS (continued)
Federal Home Loan Mortgage Corp. (continued)
12-Month LIBOR + 2.00%, 2.44% (A), 11/01/2036		$   6,349		$   6,381
1-Year CMT + 2.25%, 2.57% (A), 02/01/2036		156,511		164,829
1-Year CMT + 2.36%, 2.73% (A), 10/01/2037		5,722		5,741
1-Year CMT + 2.25%, 2.75% (A), 07/01/2036		128,496		135,688
1-Year CMT + 2.65%, 2.78% (A), 10/01/2037		61,588		61,391
12-Month LIBOR + 1.70%, 3.02% (A), 02/01/2037		21,538		22,752
1-Year CMT + 2.43%, 3.18% (A), 12/01/2031		209,120		209,898
1-Year CMT + 2.25%, 3.39% (A), 01/01/2035		187,724		198,763
3.50%, 06/01/2042 - 07/15/2042		1,674,418		1,831,681
12-Month LIBOR + 2.47%, 3.52% (A), 03/01/2036		60,284		64,428
12-Month LIBOR + 1.86%, 3.74% (A), 05/01/2038		6,521		6,622
12-Month LIBOR + 2.04%, 3.86% (A), 05/01/2037		22,962		23,214
12-Month LIBOR + 2.18%, 3.93% (A), 05/01/2037		87,477		93,798
12-Month LIBOR + 1.98%, 3.98% (A), 04/01/2037		16,633		16,725
4.00%, 04/01/2043 - 09/01/2049		4,540,162		4,966,463
12-Month LIBOR + 2.33%, 4.13% (A), 05/01/2036		15,316		16,509
4.50%, 05/01/2041 - 07/01/2047		7,700,754		8,626,449
5.00%, 08/01/2040		182,305		208,393
5.50%, 05/01/2023 - 12/01/2035		261,882		274,252
6.00%, 12/01/2036 - 06/01/2037		158,187		181,622
6.50%, 05/01/2035 - 03/01/2038		686,352		796,592
7.50%, 02/01/2038 - 09/01/2038		34,510		40,465
10.00%, 03/17/2026 - 10/01/2030		4,076		4,395
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates
1-Month LIBOR + 0.70%, 0.84% (A), 09/25/2022		18,965		18,987
2.31%, 12/25/2022		2,079,786		2,137,196
2.72%, 07/25/2026		1,456,000		1,578,219
2.74%, 09/25/2025		1,000,000		1,077,648
2.81%, 09/25/2024		4,140,000		4,400,638
2.84%, 09/25/2022		416,321		428,835
2.93%, 01/25/2023		806,774		840,606
3.24%, 04/25/2027		1,097,000		1,248,576
3.30% (A), 11/25/2027		965,000		1,110,114
3.33%, 05/25/2027		590,000		673,125
3.34% (A), 04/25/2028		970,000		1,074,144
3.35%, 01/25/2028		1,595,000		1,835,526
Federal Home Loan Mortgage Corp. REMIC
1-Month LIBOR + 0.25%, 0.38% (A), 08/15/2023		58,364		58,362
1-Month LIBOR + 0.30%, 0.43% (A), 03/15/2036		23,434		23,487
1-Month LIBOR + 0.40%, 0.55% (A), 07/15/2037		324,639		324,658
1-Month LIBOR + 1.20%, 1.33% (A), 07/15/2039		14,068		14,348
4.00%, 11/15/2041 - 07/15/2042		2,938,621		3,481,677
4.50%, 06/15/2025		982,346		1,039,237
5.00%, 07/15/2033 - 07/15/2041		8,687,364		10,291,716
5.30%, 01/15/2033		272,178		314,460

	Principal		Value
U.S. GOVERNMENT AGENCY OBLIGATIONS (continued)
Federal Home Loan Mortgage Corp. REMIC (continued)
5.50%, 02/15/2022 - 01/15/2039		$   1,770,146		$   2,051,201
(3.62) * 1-Month LIBOR + 27.21%, 5.50% (A), 05/15/2041		321,220		350,976
(3.67) * 1-Month LIBOR + 27.50%, 5.50% (A), 05/15/2041		350,816		380,080
5.70% (A), 10/15/2038		155,453		179,320
6.00%, 05/15/2034 - 06/15/2038		1,097,526		1,305,157
6.25%, 10/15/2023		55,852		58,957
6.50%, 08/15/2021 - 06/15/2032		527,650		596,207
6.76% (A), 11/15/2021		2,647		2,670
7.00%, 12/15/2036		296,320		360,254
7.39% (A), 11/15/2046		400,528		478,732
7.50%, 11/15/2036 - 12/15/2036		360,061		444,362
(7.27) * 1-Month LIBOR + 48.00%, 8.00% (A), 06/15/2035		12,012		14,102
(1.50) * 1-Month LIBOR + 9.08%, 8.86% (A), 11/15/2033		35,272		38,174
(1.83) * 1-Month LIBOR + 14.85%, 14.62% (A), 06/15/2033		20,645		27,118
(3.33) * 1-Month LIBOR + 17.50%, 17.08% (A), 02/15/2040		266,299		381,805
(2.50) * 1-Month LIBOR + 17.45%, 17.13% (A), 02/15/2038		8,979		12,444
(3.00) * 1-Month LIBOR + 20.22%, 19.84% (A), 07/15/2035		21,669		32,518
(2.60) * 1-Month LIBOR + 20.93%, 20.60% (A), 08/15/2031		26,710		39,429
(4.00) * 1-Month LIBOR + 22.00%, 21.49% (A), 05/15/2035		32,856		49,215
(4.50) * 1-Month LIBOR + 24.75%, 24.18% (A), 06/15/2035		49,057		89,484
Federal Home Loan Mortgage Corp. REMIC, Interest Only STRIPS
2.56% (A), 01/15/2040		255,010		12,266
4.00%, 11/15/2029		46,505		266
4.50%, 12/15/2024		70		1
5.00%, 10/15/2039 - 08/15/2040		533,843		41,101
(1.00) * 1-Month LIBOR + 6.00%, 5.87% (A), 11/15/2037 - 10/15/2040		485,485		83,237
(1.00) * 1-Month LIBOR + 6.05%, 5.92% (A), 05/15/2038		55,656		5,473
(1.00) * 1-Month LIBOR + 6.10%, 5.97% (A), 05/15/2039		31,955		5,499
(1.00) * 1-Month LIBOR + 6.25%, 6.12% (A), 12/15/2039		131,735		23,463
(1.00) * 1-Month LIBOR + 6.34%, 6.21% (A), 12/15/2039		354,202		59,936
(1.00) * 1-Month LIBOR + 6.40%, 6.27% (A), 01/15/2037		36,206		4,995
(1.00) * 1-Month LIBOR + 6.45%, 6.32% (A), 11/15/2037		16,237		3,381
(1.00) * 1-Month LIBOR + 6.80%, 6.67% (A), 09/15/2039		100,763		16,540
Federal Home Loan Mortgage Corp. REMIC, Principal Only STRIPS
09/15/2032 - 12/15/2043		3,029,095		2,717,652
Federal Home Loan Mortgage Corp. Structured Pass-Through Certificates
1.73% (A), 10/25/2037		294,466		301,603
5.23%, 05/25/2043		683,003		788,140
6.50%, 02/25/2043		233,747		282,812
6.50% (A), 09/25/2043		104,943		131,078
7.00%, 02/25/2043 - 07/25/2043		261,556		320,587
7.50%, 02/25/2042 - 09/25/2043		317,440		386,455

Transamerica Funds Page    16

Transamerica Core Bond

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2021

(unaudited)

	Principal		Value
U.S. GOVERNMENT AGENCY OBLIGATIONS (continued)
Federal Home Loan Mortgage Corp., Interest Only STRIPS
(1.00) * 1-Month LIBOR + 7.70%, 7.57% (A), 08/15/2036		$   251,258		$   61,919
Federal National Mortgage Association
1-Month LIBOR + 0.22%, 0.35% (A), 03/25/2045 - 02/25/2046		97,802		97,696
1-Month LIBOR + 0.40%, 0.53% (A), 05/25/2042		160,905		160,341
1-Month LIBOR + 0.55%, 0.68% (A), 08/25/2042		491,520		492,340
0.75%, 09/25/2028		3,140,397		3,065,981
1.00%, 11/25/2033 (C)		3,225,000		3,247,172
1-Month LIBOR + 0.93%, 1.08% (A), 11/25/2022		312,335		313,067
6-Month LIBOR + 1.23%, 1.52% (A), 09/01/2036		18,852		19,355
6-Month LIBOR + 1.30%, 1.69% (A), 07/01/2037		48,452		50,011
6-Month LIBOR + 1.46%, 1.87% (A), 02/01/2037		13,587		13,987
6-Month LIBOR + 1.46%, 1.92% (A), 02/01/2037		39,781		41,198
12-Month LIBOR + 1.38%, 2.07% (A), 11/01/2037		30,917		32,287
12-Month LIBOR + 1.49%, 2.09% (A), 09/01/2037		16,281		16,558
2.15%, 01/25/2023		1,474,854		1,509,213
12-Month LIBOR + 1.63%, 2.16% (A), 09/01/2036		86,912		91,507
12-Month LIBOR + 1.82%, 2.23% (A), 12/01/2036		12,762		12,945
1-Year CMT + 2.05%, 2.29% (A), 11/01/2037		61,568		65,174
12-Month LIBOR + 1.82%, 2.32% (A), 09/01/2036		14,227		14,301
12-Month LIBOR + 1.95%, 2.32% (A), 11/01/2036		1,016		1,015
12-Month LIBOR + 1.94%, 2.37% (A), 12/01/2036		47,414		47,560
12-Month LIBOR + 1.77%, 2.38% (A), 10/01/2036		22,843		22,912
2.38%, 10/01/2026		1,467,369		1,582,228
2.43%, 08/01/2026		1,874,540		2,024,670
12-Month LIBOR + 1.68%, 2.47% (A), 07/01/2037		20,869		21,974
2.48% (A), 12/25/2026		415,806		449,864
2.49%, 05/01/2026		971,821		1,050,678
12-Month LIBOR + 1.88%, 2.53% (A), 08/01/2036		3,999		4,040
12-Month LIBOR + 1.80%, 2.57% (A), 07/01/2037		26,352		26,506
2.61%, 06/01/2026		1,012,000		1,103,553
2.62%, 11/01/2031		4,165,000		4,577,523
2.63%, 03/01/2026		2,847,505		3,078,966
2.64%, 06/01/2026		2,477,000		2,691,405
2.70%, 07/01/2026		1,249,921		1,362,878
12-Month LIBOR + 2.28%, 2.78% (A), 11/01/2036		4,055		4,098
2.80%, 01/01/2028		1,142,270		1,254,759
12-Month LIBOR + 1.86%, 2.83% (A), 06/01/2036		35,100		37,047
2.90%, 06/25/2027		2,036,676		2,251,080
2.92%, 01/01/2025		2,464,327		2,658,200
2.94% (A), 01/25/2026		3,486,000		3,795,412
2.94%, 12/01/2028		5,000,000		5,589,778
2.98%, 06/01/2027		1,715,000		1,892,330

	Principal		Value
U.S. GOVERNMENT AGENCY OBLIGATIONS (continued)
Federal National Mortgage Association (continued)
3.00%, 06/01/2043		$   908,312		$   990,139
3.02%, 07/01/2024 - 07/01/2029		7,548,455		8,350,259
3.04%, 06/01/2024		1,696,479		1,814,170
3.05% (A), 03/25/2028		1,138,000		1,287,331
3.06% (A), 05/25/2027		1,700,000		1,890,990
3.08% (A), 06/25/2027		1,771,000		1,981,894
3.08%, 12/01/2024		1,823,282		1,974,544
3.09% (A), 02/25/2030		815,000		926,440
3.09%, 09/01/2029		3,797,000		4,306,525
6-Month LIBOR + 2.50%, 3.10% (A), 03/01/2036		127,543		136,607
3.11%, 03/01/2027		1,903,906		2,111,926
3.15%, 04/01/2031		2,789,030		3,045,027
3.16% (A), 04/25/2029		1,419,000		1,612,041
12-Month LIBOR + 2.37%, 3.20% (A), 08/01/2037		23,452		24,033
3.24%, 06/01/2026		885,643		983,232
3.29%, 08/01/2026		993,055		1,103,074
3.37% (A), 07/25/2028		2,032,000		2,346,096
3.37%, 05/01/2037		871,010		991,206
3.50%, 04/01/2043 - 03/01/2060		3,641,640		4,020,787
12-Month LIBOR + 1.80%, 3.55% (A), 05/01/2036		36,897		37,188
12-Month LIBOR + 1.58%, 3.58% (A), 04/01/2037		4,106		4,152
12-Month LIBOR + 1.68%, 3.68% (A), 04/01/2036		26,660		28,097
12-Month LIBOR + 2.38%, 3.70% (A), 03/01/2036		67,156		71,573
3.76%, 12/01/2035		1,848,716		2,215,827
3.97%, 12/01/2025		397,574		450,004
4.00%, 01/01/2043 - 08/01/2048		4,589,793		5,046,037
4.34%, 06/01/2021		7,000,000		6,998,993
4.45%, 07/01/2026		1,279,166		1,467,429
4.55%, 06/25/2043		69,150		77,057
5.00%, 04/01/2022 - 08/01/2040		478,375		552,203
5.50%, 11/01/2032 - 07/01/2037		950,769		1,095,003
6.00%, 08/01/2021 - 11/01/2037		1,384,366		1,565,965
6.50%, 06/01/2023 - 07/25/2042		953,534		1,110,028
7.00%, 12/25/2033 - 02/25/2044		893,619		1,066,945
7.50%, 10/01/2037 - 12/25/2045		512,454		627,322
8.00%, 10/01/2031		31,994		35,817
Federal National Mortgage Association REMIC
1-Month LIBOR + 0.25%, 0.34% (A), 06/27/2036		118,148		116,374
1-Month LIBOR + 0.24%, 0.37% (A), 10/25/2046		91,588		90,609
1-Month LIBOR + 0.29%, 0.44% (A), 07/25/2036		85,087		85,227
1-Month LIBOR + 0.40%, 0.53% (A), 06/25/2037		20,700		20,912
1-Month LIBOR + 0.55%, 0.68% (A), 08/25/2041		172,020		173,155
1-Month LIBOR + 0.60%, 0.73% (A), 04/25/2040		131,887		132,903
3.00%, 01/25/2046		622,586		667,011
3.00% (A), 12/25/2039		97,906		101,853
3.50%, 02/25/2043		653,734		693,825
4.50%, 02/25/2039 - 05/25/2041		765,176		861,662
5.50%, 08/25/2025 - 10/25/2040		4,672,325		5,430,423
5.61% (A), 01/25/2032 (J)		36,145		39,315
5.65% (A), 12/25/2042		89,087		99,621
5.75%, 08/25/2034		615,540		676,873
5.82% (A), 05/25/2051		128,929		150,568
6.00%, 03/25/2029 - 12/25/2049		1,433,809		1,639,775
6.01% (A), 06/25/2040		108,230		125,862

Transamerica Funds Page    17

Transamerica Core Bond

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2021

(unaudited)

	Principal		Value
U.S. GOVERNMENT AGENCY OBLIGATIONS (continued)
Federal National Mortgage Association REMIC (continued)
6.19% (A), 02/25/2040		$   130,918		$   149,334
6.25%, 09/25/2038		17,891		20,786
6.44% (A), 03/25/2040		169,574		193,171
6.50%, 04/18/2028 - 11/25/2041		501,378		591,882
6.75%, 04/25/2037		47,557		53,365
7.00%, 03/25/2038 - 11/25/2041		1,100,438		1,313,692
7.50%, 05/17/2024		36,320		38,749
8.00%, 02/25/2023		107,981		113,762
(2.00) * 1-Month LIBOR + 12.66%, 12.40% (A), 03/25/2040		153,701		198,285
(2.00) * 1-Month LIBOR + 16.20%, 15.94% (A), 01/25/2034		9,039		10,256
(2.50) * 1-Month LIBOR + 16.88%, 16.51% (A), 08/25/2035		9,291		12,743
(2.50) * 1-Month LIBOR + 16.88%, 16.55% (A), 10/25/2035		31,883		44,966
(3.33) * 1-Month LIBOR + 17.67%, 17.23% (A), 04/25/2040		135,378		186,184
(2.75) * 1-Month LIBOR + 17.88%, 17.47% (A), 09/25/2024		48,515		56,915
(2.75) * 1-Month LIBOR + 19.53%, 19.12% (A), 05/25/2034		80,473		120,991
(2.75) * 1-Month LIBOR + 20.13%, 19.77% (A), 05/25/2035		81,710		104,876
(3.33) * 1-Month LIBOR + 22.67%, 22.17% (A), 04/25/2037		44,618		72,484
(3.67) * 1-Month LIBOR + 24.57%, 24.09% (A), 11/25/2035		43,014		64,262
Federal National Mortgage Association REMIC, Interest Only STRIPS
1.50% (A), 01/25/2038		43,934		1,939
2.74% (A), 04/25/2041		191,951		13,702
(1.00) * 1-Month LIBOR + 4.44%, 4.31% (A), 11/25/2040		443,980		55,322
(1.00) * 1-Month LIBOR + 5.00%, 4.87% (A), 07/25/2040		529,699		73,620
5.00%, 07/25/2039		52,541		8,006
5.50%, 10/25/2039		75,881		13,118
(1.00) * 1-Month LIBOR + 5.90%, 5.77% (A), 10/25/2039		25,854		4,031
(1.00) * 1-Month LIBOR + 6.00%, 5.85% (A), 06/25/2039		371,725		61,322
(1.00) * 1-Month LIBOR + 6.00%, 5.87% (A), 02/25/2038		162,171		28,549
(1.00) * 1-Month LIBOR + 6.18%, 6.05% (A), 12/25/2039		8,544		1,339
(1.00) * 1-Month LIBOR + 6.25%, 6.12% (A), 01/25/2040		191,476		38,215
(1.00) * 1-Month LIBOR + 6.35%, 6.22% (A), 12/25/2037		302,578		58,995
(1.00) * 1-Month LIBOR + 6.40%, 6.25% (A), 07/25/2037		416,096		83,655
(1.00) * 1-Month LIBOR + 6.40%, 6.27% (A), 05/25/2040		67,305		12,165
(1.00) * 1-Month LIBOR + 6.42%, 6.29% (A), 04/25/2040		79,913		13,348
(1.00) * 1-Month LIBOR + 6.45%, 6.32% (A), 10/25/2037 - 12/25/2037		193,012		42,424
(1.00) * 1-Month LIBOR + 6.62%, 6.49% (A), 07/25/2037		98,951		17,951
(1.00) * 1-Month LIBOR + 6.65%, 6.50% (A), 12/25/2036		141,567		23,329
(1.00) * 1-Month LIBOR + 6.65%, 6.52% (A), 10/25/2026 - 03/25/2039		203,145		22,346
(1.00) * 1-Month LIBOR + 6.70%, 6.57% (A), 03/25/2036		818,665		188,491

	Principal		Value
U.S. GOVERNMENT AGENCY OBLIGATIONS (continued)
Federal National Mortgage Association REMIC, Interest Only STRIPS (continued)
(1.00) * 1-Month LIBOR + 6.99%, 6.86% (A), 03/25/2038		$   95,389		$   19,849
(1.00) * 1-Month LIBOR + 7.10%, 6.97% (A), 02/25/2040		76,955		13,596
Federal National Mortgage Association REMIC, Principal Only STRIPS
10/25/2023 - 12/25/2043		2,075,729		1,929,888
Federal National Mortgage Association, Interest Only STRIPS
2.01% (A), 11/25/2033 (C)		14,195,000		2,064,929
2.02% (A), 07/25/2030		14,250,772		1,894,150
Federal National Mortgage Association, Principal Only STRIPS
09/25/2024 - 08/25/2032		236,369		228,468
FREMF Mortgage Trust
3.58% (A), 11/25/2049 (B)		920,000		1,001,298
3.68% (A), 01/25/2048 (B)		1,405,000		1,498,243
3.68% (A), 01/25/2048 (B)		4,355,000		4,762,500
3.83% (A), 11/25/2047 (B)		2,000,000		2,163,180
3.85% (A), 07/25/2049 (B)		750,000		793,261
4.07% (A), 11/25/2047 (B)		853,000		927,228
Government National Mortgage Association
1-Month LIBOR + 0.45%, 0.60% (A), 03/20/2060		9,125		9,141
1-Month LIBOR + 0.47%, 0.62% (A), 05/20/2063		1,074,849		1,076,597
1-Month LIBOR + 0.50%, 0.65% (A), 06/20/2067		1,773,497		1,779,833
1-Month LIBOR + 0.52%, 0.67% (A), 10/20/2062		859,342		861,618
1-Month LIBOR + 0.53%, 0.68% (A), 10/20/2062		1,012,894		1,017,490
1-Month LIBOR + 0.58%, 0.73% (A), 05/20/2066		596,860		598,441
1-Month LIBOR + 0.60%, 0.75% (A), 11/20/2065		2,441,933		2,460,325
1-Month LIBOR + 0.65%, 0.80% (A), 05/20/2061 - 01/20/2066		4,885,440		4,922,026
1-Month LIBOR + 0.70%, 0.85% (A), 05/20/2061 - 03/20/2066		3,756,897		3,792,966
1-Month LIBOR + 1.00%, 1.15% (A), 12/20/2066		671,301		686,160
2.50%, 01/20/2051		880,000		925,433
4.50%, 11/20/2034 - 11/20/2049		3,334,576		3,669,882
5.50%, 01/16/2033 - 09/20/2039		2,597,884		2,907,259
5.75%, 02/20/2036 - 10/20/2037		370,152		412,952
5.83% (A), 10/20/2033		164,709		185,916
6.00%, 11/20/2033 - 08/20/2038		585,018		657,762
6.50%, 12/20/2031 - 12/15/2035		534,624		604,990
7.00%, 09/15/2031 - 10/16/2040		500,450		574,836
(6.25) * 1-Month LIBOR + 44.50%, 7.00% (A), 09/20/2034		8,394		9,161
7.50%, 09/16/2035 - 10/15/2037		94,619		108,992
(1.83) * 1-Month LIBOR + 14.70%, 14.47% (A), 11/17/2032		12,171		13,412
(2.92) * 1-Month LIBOR + 17.50%, 17.12% (A), 02/20/2034		32,658		42,770
(3.50) * 1-Month LIBOR + 23.28%, 22.82% (A), 04/20/2037		90,131		133,984
Government National Mortgage Association, Interest Only STRIPS
1.80% (A), 06/20/2067		4,084,989		325,574
(1.00) * 1-Month LIBOR + 5.83%, 5.70% (A), 02/20/2038		45,293		6,083
(1.00) * 1-Month LIBOR + 5.90%, 5.77% (A), 09/20/2038		297,032		52,167

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Transamerica Core Bond

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2021

(unaudited)

	Principal		Value
U.S. GOVERNMENT AGENCY OBLIGATIONS (continued)
Government National Mortgage Association, Interest Only STRIPS (continued)
(1.00) * 1-Month LIBOR + 5.95%, 5.82% (A), 02/20/2039 - 06/20/2039		$   116,847		$   17,163
(1.00) * 1-Month LIBOR + 6.00%, 5.87% (A), 02/20/2038		483,434		84,153
(1.00) * 1-Month LIBOR + 6.04%, 5.91% (A), 02/20/2039		38,631		6,419
(1.00) * 1-Month LIBOR + 6.05%, 5.92% (A), 08/16/2039		185,297		27,014
(1.00) * 1-Month LIBOR + 6.09%, 5.96% (A), 09/20/2039		295,624		60,282
(1.00) * 1-Month LIBOR + 6.10%, 5.97% (A), 11/20/2034 - 07/16/2039		413,533		54,265
(1.00) * 1-Month LIBOR + 6.15%, 6.02% (A), 07/20/2038		311,207		44,156
(1.00) * 1-Month LIBOR + 6.20%, 6.07% (A), 03/20/2037 - 06/20/2038		126,891		21,230
(1.00) * 1-Month LIBOR + 6.40%, 6.27% (A), 12/20/2038 - 11/16/2039		225,266		37,091
(1.00) * 1-Month LIBOR + 6.55%, 6.42% (A), 11/16/2033 - 11/20/2037		79,287		9,295
(1.00) * 1-Month LIBOR + 6.60%, 6.47% (A), 05/20/2041		188,158		28,145
6.50%, 03/20/2039		27,328		4,744
(1.00) * 1-Month LIBOR + 6.68%, 6.55% (A), 07/20/2037		183,910		34,471
(1.00) * 1-Month LIBOR + 6.70%, 6.57% (A), 06/20/2037		349,076		73,644
(1.00) * 1-Month LIBOR + 7.30%, 7.17% (A), 12/20/2038		196,547		34,378
(1.00) * 1-Month LIBOR + 7.60%, 7.47% (A), 09/20/2038		22,872		3,773
(1.00) * 1-Month LIBOR + 7.70%, 7.57% (A), 04/16/2038		20,883		3,627
Government National Mortgage Association, Principal Only STRIPS
02/17/2033 - 12/20/2040		652,005		613,935
Resolution Funding Corp., Principal Only STRIPS
Zero Coupon, 01/15/2030		2,000,000		1,765,066
Tennessee Valley Authority
4.25%, 09/15/2065 (F)		365,000		527,577
4.63%, 09/15/2060		451,000		678,268
5.88%, 04/01/2036		2,565,000		3,905,921
Tennessee Valley Authority, Principal Only STRIPS
11/01/2025 - 05/01/2030		3,300,000		3,067,502
Uniform Mortgage-Backed Security,
2.00%, TBA (H)		2,395,000		2,464,141
Vendee Mortgage Trust
6.75%, 06/15/2028		156,049		180,706
7.25%, 02/15/2023		79,861		83,988
Total U.S. Government Agency Obligations (Cost $231,245,717)				243,788,639
U.S. GOVERNMENT OBLIGATIONS - 19.1%
U.S. Treasury - 18.7%
U.S. Treasury Bond
1.25%, 05/15/2050 (F)		3,105,000		2,675,152
1.63%, 11/15/2050		3,750,000		3,550,195
2.00%, 02/15/2050		999,000		1,035,019
2.25%, 08/15/2046		280,000		305,823
2.38%, 11/15/2049		4,745,000		5,326,448
2.50%, 02/15/2045		2,300,000		2,630,355
2.88%, 08/15/2045 (F)		2,000,000		2,441,406
3.00%, 02/15/2048 (F)		430,000		540,389

	Principal		Value
U.S. GOVERNMENT OBLIGATIONS (continued)
U.S. Treasury (continued)
U.S. Treasury Bond (continued)
3.13%, 02/15/2043 (F)		$   1,355,000		$   1,712,275
3.13%, 05/15/2048		296,000		380,383
3.38%, 05/15/2044		3,000,000		3,946,758
3.63%, 08/15/2043 - 02/15/2044		8,790,000		11,971,618
3.88%, 08/15/2040		60,000		83,109
U.S. Treasury Bond, Principal Only STRIPS
02/15/2021 - 11/15/2041 (F)		37,005,000		34,455,041
08/15/2021 - 08/15/2041		18,920,000		18,702,618
U.S. Treasury Note
0.88%, 11/15/2030 (F)		9,875,000		9,675,957
1.25%, 10/31/2021		4,300,000		4,336,281
1.50%, 02/28/2023 - 08/15/2026		5,142,000		5,290,432
1.63%, 02/15/2026 (F)		88,400		93,549
1.75%, 02/28/2022 - 12/31/2024 (F)		18,904,200		19,343,556
1.75%, 07/15/2022 - 12/31/2026		3,280,000		3,391,812
1.88%, 11/30/2021 - 08/31/2024 (F)		3,198,000		3,262,026
1.88%, 08/31/2022		4,000,000		4,110,625
2.00%, 10/31/2021		3,900,000		3,954,539
2.00%, 02/15/2023 - 11/15/2026 (F)		1,015,800		1,076,112
2.13%, 06/30/2022 (F)		1,000,000		1,028,320
2.13%, 02/29/2024 - 03/31/2024		1,279,000		1,355,691
2.25%, 11/15/2024 - 02/15/2027 (F)		4,435,000		4,783,712
2.50%, 08/15/2023		2,000,000		2,118,984
2.50%, 05/15/2024 (F)		148,000		159,065
2.75%, 05/31/2023 - 02/15/2024		6,334,000		6,820,135
				160,557,385
U.S. Treasury Inflation-Protected Securities - 0.4%
U.S. Treasury Inflation-Indexed Note
0.13%, 01/15/2022		3,342,410		3,411,304
Total U.S. Government Obligations (Cost $154,566,916)				163,968,689
	Shares		Value
OTHER INVESTMENT COMPANY - 4.9%
Securities Lending Collateral - 4.9%
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 0.06% (K)		42,455,248		42,455,248
Total Other Investment Company (Cost $42,455,248)				42,455,248
	Principal		Value
REPURCHASE AGREEMENT - 3.2%
Fixed Income Clearing Corp., 0.00% (K), dated 01/29/2021, to be repurchased at $27,430,799 on 02/01/2021. Collateralized by a U.S. Government Obligation, 0.13%, due 01/15/2023, and with a value of $27,979,445.		$  27,430,799		27,430,799
Total Repurchase Agreement (Cost $27,430,799)				27,430,799
Total Investments (Cost $852,287,622)				901,336,646
Net Other Assets (Liabilities) - (4.9)%				(42,204,192	)
Net Assets - 100.0%				$  859,132,454

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Transamerica Core Bond

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2021

(unaudited)

INVESTMENT VALUATION:

Valuation Inputs ^(L)

	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs (M)		Value
ASSETS
Investments
Asset-Backed Securities	$	—	$	84,631,985	$	3,910,917	$	88,542,902
Corporate Debt Securities		—		279,191,855		—		279,191,855
Foreign Government Obligations		—		6,125,780		—		6,125,780
Mortgage-Backed Securities		—		40,476,274		2,200,000		42,676,274
Municipal Government Obligations		—		7,156,460		—		7,156,460
U.S. Government Agency Obligations		—		243,788,639		—		243,788,639
U.S. Government Obligations		—		163,968,689		—		163,968,689
Other Investment Company		42,455,248		—		—		42,455,248
Repurchase Agreement		—		27,430,799		—		27,430,799
Total Investments	$	42,455,248	$	852,770,481	$	6,110,917	$	901,336,646

Transfers

Investments	Transfers from Level 1 to Level 3		Transfers from Level 3 to Level 1		Transfers from Level 2 to Level 3		Transfers from Level 3 to Level 2
Asset-Backed Securities (E)	$	—	$	—	$	—	$	3,023,506

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	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.
(B)	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 $180,614,929, representing 21.0% of the Fund’s net assets.
(C)	Fair valued as determined in good faith in accordance with procedures established by the Board. At January 31, 2021, the total value of securities is $13,401,714, representing 1.6% of the Fund’s net assets.
(D)	Securities are Level 3 of the fair value hierarchy.
(E)	Transferred from Level 3 to 2 due to utilizing significant observable inputs. As of prior reporting period the security utilized significant unobservable inputs.
(F)	All or a portion of the securities are on loan. The total value of all securities on loan is $80,055,838, collateralized by cash collateral of $42,455,248 and non-cash collateral, such as U.S. government securities and irrevocable letters of credit, of $39,254,485. The amount of securities on loan indicated may not correspond with the securities on loan identified because securities with pending sales are in the process of recall from the brokers.
(G)	Perpetual maturity. The date displayed is the next call date.
(H)	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.
(I)	Percentage rounds to less than 0.1% or (0.1)%.
(J)	Step bond. Coupon rate changes in increments to maturity. The rate disclosed is as of January 31, 2021; the maturity date disclosed is the ultimate maturity date.
(K)	Rates disclosed reflect the yields at January 31, 2021.
(L)	The Fund recognizes transfers in and out of Level 3 as of January 31, 2021. Please reference the Investment Valuation section of the Notes to Financial Statements for more information regarding investment valuation and pricing inputs.
(M)	Level 3 securities were not considered significant to the Fund.

PORTFOLIO ABBREVIATIONS:

CMT	Constant Maturity Treasury
LIBOR	London Interbank Offered Rate
MTN	Medium Term Note
STRIPS	Separate Trading of Registered Interest and Principal of Securities
TBA	To Be Announced

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Transamerica Core Bond

NOTES TO SCHEDULE OF INVESTMENTS

At January 31, 2021

(unaudited)

INVESTMENT VALUATION

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

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

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

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

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

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

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

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

Asset-backed securities: The fair value of asset-backed securities is estimated based on models that consider the estimated cash flows of each tranche of the entity, establish a benchmark yield, and develop an estimated tranche specific spread to the benchmark yield based on the unique attributes of the tranche. 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 would be categorized in Level 3.

Corporate debt securities: The fair value of corporate debt securities is estimated using various techniques, which consider recently executed transactions in securities of the issuer or comparable issuers, market price quotations (where observable), bond spreads, fundamental data relating to the issuer, and credit default swap spreads adjusted for any basis difference between cash and derivative instruments. While most corporate debt securities are categorized in Level 2 of the fair value hierarchy, in instances where lower relative weight is placed on transaction prices, quotations, or similar observable inputs, they are categorized in Level 3.

Foreign government obligations: Foreign 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. Foreign government obligations generally are categorized in Level 2 of the fair value hierarchy, or Level 3 if inputs are unobservable.

Mortgage-backed securities: The fair value of mortgage-backed securities is estimated based on models that consider issuer type, coupon, cash flows, mortgage prepayment projection tables and adjustable rate mortgage evaluations that incorporate index data, periodic life caps and the next coupon reset date. 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.

Transamerica Funds Page    21

Transamerica Core Bond

NOTES TO SCHEDULE OF INVESTMENTS (continued)

At January 31, 2021

(unaudited)

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 agency obligations: U.S. government agency obligations are comprised of two main categories consisting of agency issued debt and mortgage pass-throughs. Generally, agency issued debt securities are valued in a manner similar to U.S. government obligations. Mortgage pass-throughs include to be announced (“TBA”) securities and mortgage pass-through certificates. Generally, TBA securities and mortgage pass-throughs are valued using dealer quotations. Depending on market activity levels and whether quotations or other observable data are used, these securities are typically categorized in Level 2 of the fair value hierarchy; otherwise they would be 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.

Securities lending collateral: Securities lending collateral is invested in a money market fund which is valued at the actively traded NAV and no valuation adjustments are applied. Securities lending collateral is categorized in Level 1 of the fair value hierarchy.

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

Transamerica Funds Page    22