Transamerica Bond (IDITX) NPORT-P Transamerica Balanced II (Jul 2021 report)

Transamerica Balanced II

SCHEDULE OF INVESTMENTS

At July 31, 2021

(unaudited)

	Shares		Value
COMMON STOCKS - 61.3%
Aerospace & Defense - 0.6%
General Dynamics Corp.		738		$  144,670
Northrop Grumman Corp.		795		288,601
Raytheon Technologies Corp.		4,976		432,663
				865,934
Air Freight & Logistics - 0.8%
FedEx Corp.		1,766		494,392
United Parcel Service, Inc., Class B		2,725		521,456
				1,015,848
Airlines - 0.2%
Delta Air Lines, Inc. (A)		2,115		84,389
Southwest Airlines Co. (A)		2,741		138,475
				222,864
Auto Components - 0.2%
Aptiv PLC (A)		561		93,603
Magna International, Inc.		2,009		168,414
				262,017
Automobiles - 1.0%
General Motors Co. (A)		3,100		176,204
Tesla, Inc. (A)		1,714		1,177,861
				1,354,065
Banks - 2.1%
Bank of America Corp.		10,685		409,877
Citigroup, Inc.		8,503		574,973
KeyCorp		1,816		35,703
Regions Financial Corp.		12,029		231,558
SVB Financial Group (A)		265		145,739
Truist Financial Corp.		4,833		263,060
US Bancorp		6,382		354,456
Wells Fargo & Co.		17,966		825,358
				2,840,724
Beverages - 0.6%
Coca-Cola Co.		11,003		627,501
Constellation Brands, Inc., Class A		1,104		247,671
				875,172
Biotechnology - 1.2%
AbbVie, Inc.		7,586		882,252
Biogen, Inc. (A)		711		232,305
Regeneron Pharmaceuticals, Inc. (A)		406		233,292
Vertex Pharmaceuticals, Inc. (A)		1,620		326,559
				1,674,408
Building Products - 0.9%
Johnson Controls International PLC		4,311		307,891
Masco Corp.		4,259		254,305
Trane Technologies PLC		3,113		633,838
				1,196,034
Capital Markets - 2.5%
Ameriprise Financial, Inc.		258		66,450
Charles Schwab Corp.		1,105		75,085
Goldman Sachs Group, Inc.		1,882		705,524
Intercontinental Exchange, Inc.		3,290		394,241

	Shares		Value
COMMON STOCKS (continued)
Capital Markets (continued)
Morgan Stanley		6,518		$   625,598
S&P Global, Inc.		1,764		756,262
State Street Corp.		4,116		358,668
T. Rowe Price Group, Inc.		2,142		437,311
				3,419,139
Chemicals - 1.2%
Air Products & Chemicals, Inc.		352		102,442
Celanese Corp.		778		121,189
DuPont de Nemours, Inc.		3,434		257,722
Eastman Chemical Co.		3,280		369,722
Linde PLC		840		258,208
LyondellBasell Industries NV, Class A		586		58,207
PPG Industries, Inc.		2,749		449,516
				1,617,006
Commercial Services & Supplies - 0.1%
Cintas Corp.		233		91,844
Communications Equipment - 0.2%
Cisco Systems, Inc.		4,927		272,808
Motorola Solutions, Inc.		218		48,815
				321,623
Consumer Finance - 0.3%
Capital One Financial Corp.		2,413		390,182
Containers & Packaging - 0.2%
Crown Holdings, Inc.		879		87,689
WestRock Co.		2,365		116,382
				204,071
Diversified Financial Services - 1.0%
Berkshire Hathaway, Inc., Class B (A)		4,778		1,329,669
Voya Financial, Inc. (B)		822		52,937
				1,382,606
Diversified Telecommunication Services - 0.4%
Verizon Communications, Inc.		9,208		513,622
Electric Utilities - 1.2%
Duke Energy Corp.		3,940		414,133
Evergy, Inc.		3,974		259,184
NextEra Energy, Inc.		8,152		635,041
Xcel Energy, Inc.		4,604		314,223
				1,622,581
Electrical Equipment - 0.4%
Eaton Corp. PLC		3,731		589,685
Electronic Equipment, Instruments & Components - 0.1%
Amphenol Corp., Class A		1,289		93,440
Entertainment - 0.7%
Netflix, Inc. (A)		1,253		648,515
Walt Disney Co. (A)		1,600		281,632
				930,147
Equity Real Estate Investment Trusts - 1.2%
Camden Property Trust		1,580		236,036
Equinix, Inc.		442		362,621
Equity Lifestyle Properties, Inc.		917		76,845
Mid-America Apartment Communities, Inc.		899		173,597
Prologis, Inc.		3,308		423,556
Public Storage		212		66,246
Sun Communities, Inc.		452		88,642

Transamerica Funds Page    1

Transamerica Balanced II

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2021

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Equity Real Estate Investment Trusts (continued)
UDR, Inc.		653		$   35,908
Ventas, Inc.		2,319		138,630
				1,602,081
Food & Staples Retailing - 0.2%
Costco Wholesale Corp.		694		298,226
Food Products - 0.4%
Mondelez International, Inc., Class A		7,595		480,460
Health Care Equipment & Supplies - 2.1%
Abbott Laboratories		4,457		539,208
ABIOMED, Inc. (A)		99		32,387
Becton Dickinson & Co.		965		246,799
Boston Scientific Corp. (A)		7,813		356,273
Danaher Corp.		709		210,920
DexCom, Inc. (A)		209		107,742
Intuitive Surgical, Inc. (A)		149		147,727
Medtronic PLC		5,604		735,861
Zimmer Biomet Holdings, Inc.		2,441		398,908
				2,775,825
Health Care Providers & Services - 1.6%
AmerisourceBergen Corp.		731		89,306
Anthem, Inc.		1,101		422,795
Centene Corp. (A)		1,958		134,338
Cigna Corp.		2,076		476,421
UnitedHealth Group, Inc.		2,679		1,104,338
				2,227,198
Hotels, Restaurants & Leisure - 0.7%
Booking Holdings, Inc. (A)		152		331,095
Hilton Worldwide Holdings, Inc. (A)		1,689		222,019
Royal Caribbean Cruises Ltd. (A)		486		37,359
Yum! Brands, Inc.		2,251		295,759
				886,232
Household Durables - 0.3%
D.R. Horton, Inc.		310		29,583
Lennar Corp., Class A		3,659		384,744
				414,327
Household Products - 1.0%
Kimberly-Clark Corp.		2,303		312,563
Procter & Gamble Co.		7,004		996,179
				1,308,742
Industrial Conglomerates - 0.2%
Honeywell International, Inc.		1,415		330,813
Insurance - 1.1%
American International Group, Inc.		2,766		130,970
Chubb Ltd.		2,108		355,704
Hartford Financial Services Group, Inc.		3,481		221,461
Marsh & McLennan Cos., Inc.		781		114,979
Progressive Corp.		4,337		412,709
Prudential Financial, Inc.		1,300		130,364
Travelers Cos., Inc.		554		82,502
				1,448,689
Interactive Media & Services - 4.5%
Alphabet, Inc., Class A (A)		860		2,317,296
Alphabet, Inc., Class C (A)		678		1,833,596
Facebook, Inc., Class A (A)		5,366		1,911,906
				6,062,798

	Shares		Value
COMMON STOCKS (continued)
Internet & Direct Marketing Retail - 2.6%
Amazon.com, Inc. (A)		1,072		$   3,567,177
IT Services - 3.0%
Accenture PLC, Class A		3,243		1,030,236
Fiserv, Inc. (A)		335		38,562
FleetCor Technologies, Inc. (A)		191		49,320
Mastercard, Inc., Class A		3,174		1,224,974
PayPal Holdings, Inc. (A)		2,408		663,476
Visa, Inc., Class A		4,489		1,106,045
				4,112,613
Life Sciences Tools & Services - 0.9%
Illumina, Inc. (A)		475		235,481
Thermo Fisher Scientific, Inc.		1,715		926,117
Waters Corp. (A)		153		59,641
				1,221,239
Machinery - 1.2%
Deere & Co.		2,013		727,881
Ingersoll Rand, Inc. (A)		2,502		122,273
Parker-Hannifin Corp.		1,131		352,906
Stanley Black & Decker, Inc.		2,231		439,618
				1,642,678
Media - 1.1%
Altice USA, Inc., Class A (A)		2,325		71,447
Charter Communications, Inc., Class A (A)		730		543,157
Comcast Corp., Class A		13,418		789,381
Fox Corp., Class A		521		18,579
				1,422,564
Metals & Mining - 0.1%
Freeport-McMoRan, Inc.		2,756		105,004
Multi-Utilities - 0.3%
CenterPoint Energy, Inc.		4,271		108,740
Sempra Energy		2,727		356,282
				465,022
Multiline Retail - 0.4%
Dollar General Corp.		337		78,400
Dollar Tree, Inc. (A)		1,555		155,173
Target Corp.		1,374		358,683
				592,256
Oil, Gas & Consumable Fuels - 1.6%
Cabot Oil & Gas Corp.		1,058		16,928
Cheniere Energy, Inc. (A)		1,350		114,655
Chevron Corp.		4,290		436,765
ConocoPhillips		5,096		285,682
Diamondback Energy, Inc.		2,372		182,952
EOG Resources, Inc.		2,617		190,675
Kinder Morgan, Inc.		4,861		84,484
Phillips 66		2,416		177,407
Pioneer Natural Resources Co.		2,296		333,770
Williams Cos., Inc.		12,042		301,652
				2,124,970
Personal Products - 0.2%
Estee Lauder Cos., Inc., Class A		877		292,769
Pharmaceuticals - 2.3%
Bristol-Myers Squibb Co.		11,136		755,800
Eli Lilly & Co.		3,180		774,330

Transamerica Funds Page    2

Transamerica Balanced II

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2021

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Pharmaceuticals (continued)
Johnson & Johnson		5,706		$   982,573
Merck & Co., Inc.		5,578		428,781
Organon & Co. (A)		675		19,582
Pfizer, Inc.		3,962		169,613
				3,130,679
Professional Services - 0.3%
Booz Allen Hamilton Holding Corp.		1,230		105,546
Leidos Holdings, Inc.		2,590		275,628
				381,174
Road & Rail - 0.6%
Lyft, Inc., Class A (A)		1,865		103,172
Norfolk Southern Corp.		1,692		436,248
Union Pacific Corp.		1,318		288,326
				827,746
Semiconductors & Semiconductor Equipment - 4.0%
Advanced Micro Devices, Inc. (A)		5,955		632,361
Analog Devices, Inc.		3,399		569,061
Applied Materials, Inc.		4,705		658,371
Intel Corp.		4,623		248,347
Lam Research Corp.		1,087		692,865
Microchip Technology, Inc.		1,064		152,280
Micron Technology, Inc. (A)		992		76,959
NVIDIA Corp.		5,192		1,012,388
NXP Semiconductors NV		2,012		415,257
QUALCOMM, Inc.		796		119,241
Texas Instruments, Inc.		4,396		837,965
				5,415,095
Software - 5.6%
Fortinet, Inc. (A)		316		86,028
Intuit, Inc.		1,501		795,485
Microsoft Corp.		19,819		5,646,631
Oracle Corp.		4,081		355,618
salesforce.com, Inc. (A)		1,912		462,570
Workday, Inc., Class A (A)		677		158,689
				7,505,021
Specialty Retail - 2.0%
AutoZone, Inc. (A)		51		82,802
Best Buy Co., Inc.		2,806		315,254
Home Depot, Inc.		2,387		783,389
Lowe’s Cos., Inc.		4,153		800,242
O’Reilly Automotive, Inc. (A)		727		438,992
TJX Cos., Inc.		4,743		326,366
				2,747,045
Technology Hardware, Storage & Peripherals - 4.1%
Apple, Inc.		35,608		5,193,783
Seagate Technology Holdings PLC		3,895		342,370
				5,536,153
Textiles, Apparel & Luxury Goods - 0.6%
Carter’s, Inc.		1,260		123,152
NIKE, Inc., Class B		4,223		707,395
				830,547
Tobacco - 0.7%
Altria Group, Inc.		8,156		391,814
Philip Morris International, Inc.		5,845		585,026
				976,840

	Shares		Value
COMMON STOCKS (continued)
Wireless Telecommunication Services - 0.5%
T-Mobile US, Inc. (A)		4,882		$   703,106
Total Common Stocks (Cost $49,163,048)				82,918,101
PREFERRED STOCK - 0.0% (C)
Electric Utilities - 0.0% (C)
SCE Trust III, Series H, Fixed until 03/15/2024, 5.75% (D)		320		8,112
Total Preferred Stock (Cost $8,784)				8,112
	Principal		Value
ASSET-BACKED SECURITIES - 2.7%
BlueMountain CLO Ltd.
Series 2015-2A, Class A1R,
3-Month LIBOR + 0.93%, 1.06% (D), 07/18/2027 (E)		$  150,079		150,149
BRE Grand Islander Timeshare Issuer LLC
Series 2017-1A, Class A,
2.94%, 05/25/2029 (E)		27,705		28,381
BXG Receivables Note Trust
Series 2015-A, Class A,
2.88%, 05/02/2030 (E)		24,416		24,450
CIFC Funding Ltd.
Series 2013-2A, Class A1L2,
3-Month LIBOR + 1.00%, 0.00% (D), 10/18/2030 (E)		350,000		350,054
JGWPT XXVI LLC
Series 2012-2A, Class A,
3.84%, 10/15/2059 (E)		129,939		145,634
JGWPT XXVIII LLC
Series 2013-1A, Class A,
3.22%, 04/15/2067 (E)		133,322		143,837
Laurel Road Prime Student Loan Trust
Series 2018-B, Class A2FX,
3.54%, 05/26/2043 (E)		28,636		29,184
MVW Owner Trust
Series 2016-1A, Class A,
2.25%, 12/20/2033 (E)		15,553		15,703
New Residential Advance Receivables Trust
Series 2020-T1, Class AT1,
1.43%, 08/15/2053 (E)		200,000		200,480
NRZ Advance Receivables Trust
Series 2020-T2, Class AT2,
1.48%, 09/15/2053 (E)		455,000		456,338
Octagon Investment Partners 33 Ltd.
Series 2017-1A, Class A1,
3-Month LIBOR + 1.19%, 1.32% (D), 01/20/2031 (E)		200,000		200,004
Ocwen Master Advance Receivables Trust
Series 2020-T1, Class AT1,
1.28%, 08/15/2052 (E)		118,000		117,781
Orange Lake Timeshare Trust
Series 2016-A, Class A,
2.61%, 03/08/2029 (E)		56,345		57,015
Series 2019-A, Class A,
3.06%, 04/09/2038 (E)		94,398		97,830

Transamerica Funds Page    3

Transamerica Balanced II

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2021

(unaudited)

	Principal		Value
ASSET-BACKED SECURITIES (continued)
Palmer Square CLO Ltd.
Series 2015-2A, Class A1R2,
3-Month LIBOR + 1.10%, 1.23% (D), 07/20/2030 (E)		$   250,000		$   249,869
Sierra Timeshare Receivables Funding LLC
Series 2021-1A, Class A,
0.99%, 11/20/2037 (E)		158,595		158,620
SolarCity LMC LLC
Series 2014-2, Class A,
4.02%, 07/20/2044 (E)		106,350		108,600
Towd Point Mortgage Trust
Series 2016-1, Class A1B,
2.75% (D), 02/25/2055 (E)		6,451		6,457
Series 2016-2, Class A1A,
2.75% (D), 08/25/2055 (E)		17,957		18,102
Series 2017-1, Class A1,
2.75% (D), 10/25/2056 (E)		49,417		50,156
Series 2017-3, Class A1,
2.75% (D), 07/25/2057 (E)		30,010		30,572
Series 2017-6, Class A1,
2.75% (D), 10/25/2057 (E)		42,701		43,640
Series 2018-1, Class A1,
3.00% (D), 01/25/2058 (E)		76,722		78,745
Series 2018-3, Class A1,
3.75% (D), 05/25/2058 (E)		134,594		141,964
Series 2018-4, Class A1,
3.00% (D), 06/25/2058 (E)		188,578		195,944
Series 2020-4, Class A1,
1.75%, 10/25/2060 (E)		172,914		175,305
Trafigura Securitisation Finance PLC
Series 2021-1A, Class A2,
1.08%, 01/15/2025 (E)		130,000		129,983
VB-S1 Issuer LLC
Series 2018-1A, Class C,
3.41%, 02/15/2048 (E)		145,000		146,984
VSE VOI Mortgage LLC
Series 2016-A, Class A,
2.54%, 07/20/2033 (E)		15,933		15,945
Welk Resorts LLC
Series 2017-AA, Class A,
2.82%, 06/15/2033 (E)		40,283		41,012
Total Asset-Backed Securities (Cost $3,564,214)				3,608,738
CORPORATE DEBT SECURITIES - 13.2%
Aerospace & Defense - 0.2%
BAE Systems PLC
3.40%, 04/15/2030 (E)		41,000		45,259
Boeing Co.
3.50%, 03/01/2039		91,000		93,131
5.15%, 05/01/2030		85,000		101,367
L3 Harris Technologies, Inc.
2.90%, 12/15/2029		49,000		52,680
				292,437
Airlines - 0.2%
American Airlines Pass-Through Trust
3.20%, 12/15/2029		49,725		50,718
JetBlue Pass-Through Trust
2.75%, 11/15/2033		81,696		83,778
United Airlines Pass-Through Trust
3.75%, 03/03/2028		60,760		64,779
				199,275

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Auto Components - 0.0% (C)
BorgWarner, Inc.
3.38%, 03/15/2025		$   36,000		$   38,966
Automobiles - 0.1%
Ford Motor Co.
4.35%, 12/08/2026		63,000		67,997
General Motors Co.
4.88%, 10/02/2023		23,000		25,008
6.25%, 10/02/2043		15,000		20,875
				113,880
Banks - 2.2%
Australia & New Zealand Banking Group Ltd.
Fixed until 11/25/2030, 2.57% (D), 11/25/2035 (E)		200,000		197,333
Banco Santander SA
2.75%, 12/03/2030		200,000		201,512
Bank of America Corp.
Fixed until 02/13/2030, 2.50% (D), 02/13/2031		58,000		59,705
Fixed until 06/19/2040, 2.68% (D), 06/19/2041		71,000		69,995
Fixed until 04/22/2031, 2.69% (D), 04/22/2032		146,000		152,415
Fixed until 12/20/2027, 3.42% (D), 12/20/2028		63,000		69,205
Barclays PLC
5.20%, 05/12/2026		200,000		230,166
Citigroup, Inc.
Fixed until 10/27/2027, 3.52% (D), 10/27/2028		219,000		241,171
Commerzbank AG
8.13%, 09/19/2023 (E)		255,000		289,466
Intesa Sanpaolo SpA
4.20%, 06/01/2032 (E)		200,000		205,686
5.02%, 06/26/2024 (E)		65,000		70,520
JPMorgan Chase & Co.
Fixed until 10/15/2029, 2.74% (D), 10/15/2030		122,000		128,612
Fixed until 05/13/2030, 2.96% (D), 05/13/2031		166,000		176,452
4.13%, 12/15/2026		85,000		96,650
Macquarie Bank Ltd.
3.62%, 06/03/2030 (E)		231,000		247,214
UniCredit SpA
Fixed until 06/03/2031, 3.13% (D), 06/03/2032 (E)		200,000		203,798
Wells Fargo & Co.
Fixed until 03/15/2026 (F), 3.90% (D)		35,000		36,335
4.10%, 06/03/2026		167,000		188,033
Fixed until 06/15/2024 (F), 5.90% (D)		40,000		43,119
				2,907,387
Beverages - 0.2%
Anheuser-Busch InBev Worldwide, Inc.
4.44%, 10/06/2048		57,000		69,577
4.75%, 01/23/2029		78,000		93,745
Constellation Brands, Inc.
3.15%, 08/01/2029		40,000		43,245

Transamerica Funds Page    4

Transamerica Balanced II

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2021

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Beverages (continued)
Constellation Brands, Inc. (continued)
3.70%, 12/06/2026		$   16,000		$   17,833
Keurig Dr. Pepper, Inc.
3.20%, 05/01/2030		56,000		61,610
				286,010
Biotechnology - 0.2%
AbbVie, Inc.
3.20%, 05/14/2026		47,000		51,234
4.05%, 11/21/2039		40,000		47,095
Amgen, Inc.
2.20%, 02/21/2027		65,000		68,355
Biogen, Inc.
2.25%, 05/01/2030		42,000		42,752
Gilead Sciences, Inc.
4.15%, 03/01/2047		24,000		29,052
				238,488
Building Products - 0.1%
Carlisle Cos., Inc.
3.75%, 12/01/2027		72,000		80,771
Carrier Global Corp.
2.72%, 02/15/2030 (B)		74,000		78,305
				159,076
Capital Markets - 0.5%
Charles Schwab Corp.
Fixed until 06/01/2026 (F), 4.00% (D)		145,000		151,344
Deutsche Bank AG
Fixed until 09/18/2030, 3.55% (D), 09/18/2031 (B)		150,000		161,924
Goldman Sachs Group, Inc.
6.75%, 10/01/2037		85,000		125,566
Morgan Stanley
Fixed until 01/22/2030, 2.70% (D), 01/22/2031		81,000		85,298
3.70%, 10/23/2024		127,000		138,677
5.00%, 11/24/2025		60,000		69,299
				732,108
Chemicals - 0.1%
International Flavors & Fragrances, Inc.
2.30%, 11/01/2030 (E)		74,000		75,633
Commercial Services & Supplies - 0.4%
ADT Security Corp.
4.13%, 08/01/2029 (E)		79,000		79,558
Ashtead Capital, Inc.
4.25%, 11/01/2029 (E)		200,000		216,750
ERAC USA Finance LLC
3.85%, 11/15/2024 (E)		111,000		120,922
Waste Connections, Inc.
2.60%, 02/01/2030		57,000		59,950
				477,180
Communications Equipment - 0.1%
Nokia OYJ
3.38%, 06/12/2022		92,000		94,033
Construction & Engineering - 0.1%
Quanta Services, Inc.
2.90%, 10/01/2030		56,000		58,782
Construction Materials - 0.2%
Holcim Finance US LLC
4.75%, 09/22/2046 (E)		200,000		258,034

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Consumer Finance - 0.2%
Ally Financial, Inc.
8.00%, 11/01/2031		$   110,000		$   159,812
American Express Co.
4.05%, 12/03/2042		40,000		49,162
BMW US Capital LLC
2.80%, 04/11/2026 (E)		65,000		69,645
				278,619
Diversified Financial Services - 0.4%
AerCap Ireland Capital DAC / AerCap Global Aviation Trust
4.50%, 09/15/2023		186,000		199,037
Aviation Capital Group LLC
1.95%, 01/30/2026 (E)		49,000		49,445
5.50%, 12/15/2024 (E)		147,000		166,547
Element Fleet Management Corp.
1.60%, 04/06/2024 (E)		42,000		42,714
3.85%, 06/15/2025 (E)		56,000		60,689
Kaupthing Bank
7.63%, 02/28/2020 (G) (H) (I)		710,000		0
				518,432
Diversified Telecommunication Services - 0.3%
Level 3 Financing, Inc.
3.40%, 03/01/2027 (E)		60,000		63,538
Sprint Capital Corp.
6.88%, 11/15/2028 (B)		24,000		30,960
Verizon Communications, Inc.
1.68%, 10/30/2030		221,000		213,478
2.99%, 10/30/2056		105,000		101,985
				409,961
Electric Utilities - 0.7%
Appalachian Power Co.
3.40%, 06/01/2025		86,000		92,831
Cleveland Electric Illuminating Co.
5.95%, 12/15/2036		34,000		46,130
DTE Electric Co.
4.30%, 07/01/2044		139,000		175,064
Duke Energy Corp.
3.75%, 04/15/2024 - 09/01/2046		176,000		192,952
Duke Energy Progress LLC
3.60%, 09/15/2047		64,000		72,634
Entergy Arkansas LLC
3.70%, 06/01/2024		48,000		51,856
Oncor Electric Delivery Co. LLC
4.10%, 06/01/2022		8,000		8,180
5.30%, 06/01/2042		20,000		28,173
Pacific Gas & Electric Co.
2.50%, 02/01/2031		69,000		65,023
PacifiCorp
3.60%, 04/01/2024		61,000		65,538
5.75%, 04/01/2037		20,000		27,641
Public Service Electric & Gas Co.
3.00%, 05/15/2025		49,000		52,505
				878,527
Electronic Equipment, Instruments & Components - 0.2%
Amphenol Corp.
2.80%, 02/15/2030		63,000		67,433
Arrow Electronics, Inc.
3.88%, 01/12/2028		83,000		93,106

Transamerica Funds Page    5

Transamerica Balanced II

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2021

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Electronic Equipment, Instruments & Components (continued)
Keysight Technologies, Inc.
4.60%, 04/06/2027		$   86,000		$   100,831
Sensata Technologies, Inc.
4.38%, 02/15/2030 (E)		50,000		53,500
				314,870
Energy Equipment & Services - 0.1%
Schlumberger Holdings Corp.
3.90%, 05/17/2028 (E)		90,000		101,073
Schlumberger Investment SA
3.65%, 12/01/2023		26,000		27,760
				128,833
Equity Real Estate Investment Trusts - 0.9%
American Homes 4 Rent, LP
3.38%, 07/15/2051		18,000		18,602
American Tower Trust #1
3.65%, 03/15/2048 (E)		120,000		132,447
Corporate Office Properties, LP
2.25%, 03/15/2026		35,000		36,206
2.75%, 04/15/2031		18,000		18,408
CyrusOne, LP / CyrusOne Finance Corp.
2.90%, 11/15/2024		61,000		64,372
Healthcare Trust of America Holdings, LP
3.10%, 02/15/2030		53,000		57,170
Life Storage, LP
4.00%, 06/15/2029		47,000		53,771
National Retail Properties, Inc.
2.50%, 04/15/2030		70,000		72,440
SBA Tower Trust
1.63%, 05/15/2051 (E)		110,000		111,315
1.88%, 07/15/2050 (E)		56,000		57,084
2.84%, 01/15/2050 (E)		300,000		312,905
3.45%, 03/15/2048 (E)		78,000		79,439
Simon Property Group, LP
2.20%, 02/01/2031		73,000		73,297
Vornado Realty, LP
2.15%, 06/01/2026		73,000		74,737
Weyerhaeuser Co.
4.00%, 04/15/2030		69,000		79,168
WP Carey, Inc.
2.40%, 02/01/2031		28,000		28,567
				1,269,928
Food & Staples Retailing - 0.2%
7-Eleven, Inc.
1.80%, 02/10/2031 (E)		123,000		119,879
Sysco Corp.
3.30%, 07/15/2026		64,000		70,109
Walmart, Inc.
3.63%, 12/15/2047		107,000		127,025
				317,013
Food Products - 0.1%
Campbell Soup Co.
2.38%, 04/24/2030 (B)		90,000		91,980
Cargill, Inc.
1.70%, 02/02/2031 (E)		50,000		49,568
				141,548
Health Care Equipment & Supplies - 0.3%
Alcon Finance Corp.
2.75%, 09/23/2026 (E)		200,000		213,006
DENTSPLY SIRONA, Inc.
3.25%, 06/01/2030		69,000		74,940

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Health Care Equipment & Supplies (continued)
Koninklijke Philips NV
5.00%, 03/15/2042		$   37,000		$   50,064
Smith & Nephew PLC
2.03%, 10/14/2030		71,000		70,368
				408,378
Health Care Providers & Services - 0.5%
Anthem, Inc.
2.25%, 05/15/2030		61,000		62,620
Centene Corp.
3.00%, 10/15/2030		80,000		83,131
3.38%, 02/15/2030		60,000		62,597
Cigna Corp.
2.40%, 03/15/2030		61,000		63,324
CVS Health Corp.
2.70%, 08/21/2040 (B)		50,000		49,759
3.75%, 04/01/2030		86,000		97,736
HCA, Inc.
4.13%, 06/15/2029		28,000		31,931
5.25%, 04/15/2025		16,000		18,357
Health Care Service Corp.
2.20%, 06/01/2030 (E)		75,000		76,495
Molina Healthcare, Inc.
4.38%, 06/15/2028 (E)		49,000		51,266
Quest Diagnostics, Inc.
4.20%, 06/30/2029		26,000		30,330
				627,546
Hotels, Restaurants & Leisure - 0.1%
Expedia Group, Inc.
2.95%, 03/15/2031		22,000		22,559
3.80%, 02/15/2028		65,000		71,194
				93,753
Household Durables - 0.1%
D.R. Horton, Inc.
4.38%, 09/15/2022		74,000		76,469
Industrial Conglomerates - 0.1%
General Electric Co.
4.35%, 05/01/2050 (B)		91,000		112,005
6.88%, 01/10/2039 (J)		2,000		3,039
				115,044
Insurance - 0.5%
American International Group, Inc.
4.20%, 04/01/2028		56,000		64,762
4.25%, 03/15/2029		46,000		53,463
Fairfax Financial Holdings Ltd.
3.38%, 03/03/2031 (E)		151,000		160,949
Global Atlantic Finance Co.
3.13%, 06/15/2031 (E)		159,000		162,682
Prudential Financial, Inc.
Fixed until 07/01/2030, 3.70% (D), 10/01/2050		111,000		117,206
Reinsurance Group of America, Inc.
3-Month LIBOR + 2.67%, 2.78% (D), 12/15/2065		161,000		156,242
				715,304
Interactive Media & Services - 0.3%
Alphabet, Inc.
1.10%, 08/15/2030		76,000		72,784

Transamerica Funds Page    6

Transamerica Balanced II

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2021

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Interactive Media & Services (continued)
Baidu, Inc.
4.38%, 05/14/2024		$   200,000		$   217,370
Tencent Holdings Ltd.
3.28%, 04/11/2024 (E)		97,000		103,013
				393,167
IT Services - 0.1%
Fiserv, Inc.
3.50%, 07/01/2029		63,000		70,302
Rackspace Technology Global, Inc.
3.50%, 02/15/2028 (E)		78,000		75,075
				145,377
Life Sciences Tools & Services - 0.0% (C)
Thermo Fisher Scientific, Inc.
5.30%, 02/01/2044		36,000		50,997
Media - 0.1%
Charter Communications Operating LLC / Charter Communications Operating Capital
4.80%, 03/01/2050		44,000		51,563
Clear Channel Worldwide Holdings, Inc.
5.13%, 08/15/2027 (E)		35,000		35,934
NBCUniversal Media LLC
4.45%, 01/15/2043		38,000		47,483
ViacomCBS, Inc.
4.20%, 05/19/2032 (B)		44,000		51,417
				186,397
Metals & Mining - 0.1%
Freeport-McMoRan, Inc.
3.88%, 03/15/2023		118,000		122,295
4.55%, 11/14/2024		49,000		53,283
				175,578
Multi-Utilities - 0.1%
Black Hills Corp.
4.25%, 11/30/2023 (B)		71,000		76,238
CMS Energy Corp.
3.88%, 03/01/2024		17,000		18,237
4.88%, 03/01/2044		26,000		33,719
Public Service Enterprise Group, Inc.
2.65%, 11/15/2022		6,000		6,168
				134,362
Oil, Gas & Consumable Fuels - 1.0%
Boardwalk Pipelines, LP
3.40%, 02/15/2031		46,000		49,521
BP Capital Markets PLC
3.12%, 05/04/2026		174,000		186,980
Chevron USA, Inc.
3.25%, 10/15/2029		47,000		52,425
Energy Transfer, LP
5.15%, 03/15/2045		133,000		154,710
5.95%, 10/01/2043 (B)		28,000		35,186
Enterprise Products Operating LLC
4.25%, 02/15/2048		104,000		122,671
Kinder Morgan Energy Partners, LP
4.15%, 02/01/2024		52,000		56,012
Occidental Petroleum Corp.
5.55%, 03/15/2026		62,000		67,865
Petroleos Mexicanos
6.84%, 01/23/2030		139,000		145,059
7.69%, 01/23/2050 (B)		17,000		16,524

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Oil, Gas & Consumable Fuels (continued)
Pioneer Natural Resources Co.
2.15%, 01/15/2031		$   90,000		$   88,785
Plains All American Pipeline, LP / PAA Finance Corp.
3.55%, 12/15/2029		52,000		55,733
Sabine Pass Liquefaction LLC
4.20%, 03/15/2028		41,000		46,468
Shell International Finance BV
2.50%, 09/12/2026		103,000		109,921
3.75%, 09/12/2046		30,000		34,721
Williams Cos., Inc.
5.40%, 03/04/2044		28,000		35,952
7.88%, 09/01/2021		26,000		26,151
				1,284,684
Pharmaceuticals - 0.4%
Astrazeneca Finance LLC
1.20%, 05/28/2026		40,000		40,337
AstraZeneca PLC
4.38%, 08/17/2048 (B)		34,000		44,883
Bayer US Finance II LLC
4.38%, 12/15/2028 (E)		200,000		231,680
Bristol-Myers Squibb Co.
1.45%, 11/13/2030 (B)		67,000		65,690
Royalty Pharma PLC
2.20%, 09/02/2030 (B) (E)		77,000		76,555
Viatris, Inc.
2.30%, 06/22/2027 (B) (E)		35,000		35,995
Zoetis, Inc.
2.00%, 05/15/2030		42,000		42,513
				537,653
Professional Services - 0.2%
Equifax, Inc.
2.60%, 12/01/2024		52,000		54,868
Experian Finance PLC
2.75%, 03/08/2030 (E)		200,000		209,723
				264,591
Road & Rail - 0.1%
Avolon Holdings Funding Ltd.
4.38%, 05/01/2026 (E)		120,000		132,027
5.50%, 01/15/2026 (E)		47,000		53,635
				185,662
Semiconductors & Semiconductor Equipment - 0.6%
Broadcom, Inc.
1.95%, 02/15/2028 (E)		31,000		31,240
Intel Corp.
2.88%, 05/11/2024		68,000		72,236
KLA Corp.
3.30%, 03/01/2050 (B)		56,000		60,653
Lam Research Corp.
3.75%, 03/15/2026		70,000		78,450
Microchip Technology, Inc.
0.98%, 09/01/2024 (E)		70,000		69,899
Micron Technology, Inc.
2.50%, 04/24/2023		31,000		31,929
NXP BV / NXP Funding LLC / NXP USA, Inc.
3.40%, 05/01/2030 (E)		75,000		82,889
QUALCOMM, Inc.
3.25%, 05/20/2027		82,000		90,635
3.25%, 05/20/2050 (B)		39,000		42,640
Skyworks Solutions, Inc.
1.80%, 06/01/2026		39,000		39,704

Transamerica Funds Page    7

Transamerica Balanced II

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2021

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Semiconductors & Semiconductor Equipment (continued)
TSMC Global Ltd.
1.38%, 09/28/2030 (E)		$   200,000		$   190,078
Xilinx, Inc.
2.38%, 06/01/2030		64,000		65,884
				856,237
Software - 0.1%
Crowdstrike Holdings, Inc.
3.00%, 02/15/2029		15,000		15,225
Infor, Inc.
1.75%, 07/15/2025 (E)		68,000		69,803
Intuit, Inc.
1.35%, 07/15/2027		49,000		49,486
Microsoft Corp.
3.30%, 02/06/2027		2,000		2,234
VMware, Inc.
1.80%, 08/15/2028 (K)		36,000		36,102
				172,850
Technology Hardware, Storage & Peripherals - 0.2%
Apple, Inc.
2.65%, 05/11/2050		40,000		39,371
Dell International LLC / EMC Corp.
6.02%, 06/15/2026		60,000		72,216
Hewlett Packard Enterprise Co.
4.45%, 10/02/2023		55,000		59,378
Seagate HDD Cayman
4.13%, 01/15/2031 (E)		12,000		12,555
Western Digital Corp.
4.75%, 02/15/2026		120,000		133,200
				316,720
Tobacco - 0.2%
Altria Group, Inc.
2.45%, 02/04/2032		83,000		81,590
BAT Capital Corp.
2.26%, 03/25/2028		128,000		128,757
4.91%, 04/02/2030		52,000		60,420
				270,767
Transportation Infrastructure - 0.1%
GXO Logistics, Inc.
2.65%, 07/15/2031 (E)		153,000		153,718
Wireless Telecommunication Services - 0.3%
America Movil SAB de CV
3.13%, 07/16/2022 (B)		200,000		204,943
Crown Castle Towers LLC
3.72%, 07/15/2043 (E)		105,000		108,467
Sprint Corp.
7.88%, 09/15/2023		42,000		47,526
T-Mobile USA, Inc.
3.88%, 04/15/2030		82,000		92,585
				453,521
Total Corporate Debt Securities (Cost $16,812,738)				17,807,795
FOREIGN GOVERNMENT OBLIGATIONS - 0.5%
Colombia - 0.1%
Colombia Government International Bond
4.50%, 01/28/2026 (B)		200,000		217,382
Indonesia - 0.2%
Indonesia Government International Bond
5.38%, 10/17/2023 (E)		200,000		220,933

	Principal		Value
FOREIGN GOVERNMENT OBLIGATIONS (continued)
Mexico - 0.1%
Mexico Government International Bond
3.75%, 01/11/2028		$   116,000		$   127,309
Peru - 0.1%
Peru Government International Bond
7.35%, 07/21/2025		100,000		121,688
Total Foreign Government Obligations (Cost $643,075)				687,312
MORTGAGE-BACKED SECURITIES - 2.7%
Alternative Loan Trust
Series 2007-22, Class 2A16,
6.50%, 09/25/2037		149,154		86,968
BB-UBS Trust
Series 2012-TFT, Class A,
2.89%, 06/05/2030 (E)		43,819		43,838
Series 2012-TFT, Class C,
3.56% (D), 06/05/2030 (E)		315,000		255,145
BBCMS Trust
Series 2013-TYSN, Class B,
4.04%, 09/05/2032 (E)		245,000		244,998
Citigroup Commercial Mortgage Trust
Series 2014-GC19, Class A3,
3.75%, 03/10/2047		23,406		24,870
Series 2014-GC19, Class A4,
4.02%, 03/10/2047		65,000		69,723
Series 2015-GC27, Class B,
3.77%, 02/10/2048		157,700		167,276
Citigroup Mortgage Loan Trust, Inc.
Series 2015-A, Class A1,
3.50% (D), 06/25/2058 (E)		12,227		12,367
Series 2018-RP1, Class A1,
3.00% (D), 09/25/2064 (E)		52,802		54,430
COMM Mortgage Trust
Series 2013-CR11, Class AM,
4.72% (D), 08/10/2050		120,000		129,021
Series 2013-GAM, Class A2,
3.37%, 02/10/2028 (E)		91,904		91,601
Series 2015-3BP, Class A,
3.18%, 02/10/2035 (E)		310,000		331,563
Commercial Mortgage Pass-Through Certificates Trust
Series 2012-LTRT, Class A2,
3.40%, 10/05/2030 (E)		132,000		131,772
CSMC Trust
Series 2021-RPL2, Class A1A,
1.11% (D), 01/25/2060 (E)		195,480		194,023
Series 2021-RPL6, Class A1,
2.00% (D), 10/25/2060 (E) (H)		180,000		183,925
Fontainebleau Miami Beach Trust
Series 2019-FBLU, Class B,
3.45%, 12/10/2036 (E)		150,000		158,080
GMACM Mortgage Loan Trust
Series 2005-AR1, Class 3A,
3.76% (D), 03/18/2035		20,986		20,529
GS Mortgage Securities Trust
Series 2013-G1, Class A2,
3.56% (D), 04/10/2031 (E)		285,000		285,151
Impac CMB Trust
Series 2004-6, Class 1A1,
1-Month LIBOR + 0.80%, 0.89% (D), 10/25/2034		20,709		21,006

Transamerica Funds Page    8

Transamerica Balanced II

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2021

(unaudited)

	Principal		Value
MORTGAGE-BACKED SECURITIES (continued)
IndyMac INDX Mortgage Loan Trust
Series 2007-AR15, Class 2A1,
3.14% (D), 08/25/2037		$   99,718		$   85,881
Merrill Lynch Mortgage Investors Trust
Series 2003-F, Class A1,
1-Month LIBOR + 0.64%, 0.73% (D), 10/25/2028		11,566		11,625
Morgan Stanley Resecuritization Trust
Series 2014-R3, Class 2A,
3.00% (D), 07/26/2048 (E)		13,105		13,088
Nationstar Mortgage Loan Trust
Series 2013-A, Class A,
3.75% (D), 12/25/2052 (E)		37,527		38,699
New Residential Mortgage Loan Trust
Series 2014-1A, Class A,
3.75% (D), 01/25/2054 (E)		18,430		19,481
Series 2014-2A, Class A3,
3.75% (D), 05/25/2054 (E)		45,408		48,211
Series 2014-3A, Class AFX3,
3.75% (D), 11/25/2054 (E)		35,599		37,984
Series 2016-3A, Class A1B,
3.25% (D), 09/25/2056 (E)		31,804		33,617
Series 2017-1A, Class A1,
4.00% (D), 02/25/2057 (E)		67,431		72,290
Series 2017-3A, Class A1,
4.00% (D), 04/25/2057 (E)		116,335		125,340
Series 2017-4A, Class A1,
4.00% (D), 05/25/2057 (E)		41,630		44,600
Series 2018-RPL1, Class A1,
3.50% (D), 12/25/2057 (E)		49,803		51,546
Series 2019-4A, Class A1B,
3.50% (D), 12/25/2058 (E)		151,437		159,689
Series 2019-5A, Class A1B,
3.50% (D), 08/25/2059 (E)		136,407		142,170
One Market Plaza Trust
Series 2017-1MKT, Class A,
3.61%, 02/10/2032 (E)		195,000		198,421
Structured Asset Mortgage Investments II Trust
Series 2003-AR4, Class A1,
1-Month LIBOR + 0.70%, 0.79% (D), 01/19/2034		42,520		42,453
Total Mortgage-Backed Securities (Cost $3,671,919)				3,631,381
U.S. GOVERNMENT AGENCY OBLIGATIONS - 8.0%
Federal Home Loan Mortgage Corp.
12-Month LIBOR + 1.90%, 2.28% (D), 02/01/2041		2,375		2,444
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates
1.38%, 06/25/2030		245,000		245,557
2.89%, 06/25/2027		128,769		136,957
3.01%, 07/25/2025		188,000		203,599
3.06% (D), 07/25/2023 - 08/25/2024		455,000		483,338
Federal National Mortgage Association
12-Month LIBOR + 1.75%, 2.13% (D), 03/01/2041		500		501
3.33% (D), 10/25/2023		36,961		38,987
3.50%, 11/01/2028 - 01/01/2029		49,339		53,346
4.00%, 10/01/2025 - 07/01/2026		11,621		12,352
4.50%, 02/01/2025		1,392		1,461
5.00%, 04/01/2039 - 11/01/2039		80,085		90,372
5.50%, 09/01/2036 - 12/01/2041		156,926		182,445

	Principal		Value
U.S. GOVERNMENT AGENCY OBLIGATIONS (continued)
Federal National Mortgage Association (continued)
6.00%, 05/01/2038 - 04/01/2040		$   82,260		$   97,530
6.50%, 05/01/2040		23,598		28,069
Government National Mortgage Association, Interest Only STRIPS
0.66% (D), 02/16/2053		98,944		2,301
Tennessee Valley Authority
5.88%, 04/01/2036		79,000		119,479
Uniform Mortgage-Backed Security
2.00%, TBA (K)		2,473,000		2,539,196
2.50%, TBA (K)		3,047,000		3,174,402
3.00%, TBA (K)		1,712,000		1,794,256
3.50%, TBA (K)		1,094,000		1,159,426
4.00%, TBA (K)		456,000		487,208
Total U.S. Government Agency Obligations (Cost $10,752,519)				10,853,226
U.S. GOVERNMENT OBLIGATIONS - 10.7%
U.S. Treasury - 9.6%
U.S. Treasury Bond
1.25%, 05/15/2050		850,000		723,264
1.38%, 08/15/2050		102,000		89,557
1.88%, 02/15/2051 (B)		181,000		179,501
2.00%, 02/15/2050		301,000		306,985
2.25%, 08/15/2046		95,000		101,791
2.50%, 02/15/2045 - 05/15/2046		355,000		397,472
2.75%, 08/15/2042 (B)		289,500		336,340
2.75%, 08/15/2047 - 11/15/2047		323,000		380,479
2.88%, 08/15/2045 - 05/15/2049		356,300		429,056
3.00%, 05/15/2042 - 08/15/2048		166,100		203,506
3.13%, 02/15/2042 - 05/15/2048		81,500		100,745
3.63%, 02/15/2044		503,300		669,959
4.50%, 02/15/2036		67,000		94,025
5.25%, 02/15/2029		177,000		231,068
U.S. Treasury Note
0.13%, 05/31/2022 - 12/31/2022		609,000		609,149
0.25%, 08/31/2025		249,000		245,771
0.63%, 05/15/2030 - 08/15/2030		672,000		639,725
0.88%, 06/30/2026		540,000		544,767
1.13%, 02/15/2031 (B)		407,000		403,184
1.50%, 08/15/2026 - 02/15/2030		584,300		604,498
1.63%, 02/15/2026 (B)		720,000		751,669
1.63%, 05/15/2026 - 05/15/2031		1,572,200		1,634,108
1.75% (L), 11/30/2021		515,000		517,866
1.75%, 05/15/2023		204,000		209,746
2.00%, 02/15/2025		93,000		98,006
2.13%, 06/30/2022 - 05/15/2025 (B)		283,000		292,860
2.25%, 11/15/2025 - 11/15/2027		469,300		504,353
2.38%, 01/31/2023		237,000		244,915
2.50%, 08/15/2023 - 01/31/2024		772,000		810,575
2.63% (L), 12/15/2021		220,000		222,097
2.88%, 08/15/2028		204,000		229,994
3.13%, 11/15/2028 (B)		126,500		145,104
				12,952,135
U.S. Treasury Inflation-Protected Securities - 1.1%
U.S. Treasury Inflation-Indexed Bond
0.25%, 02/15/2050		177,956		209,664
1.75%, 01/15/2028		92,493		114,193
2.50%, 01/15/2029		341,860		450,485

Transamerica Funds Page    9

Transamerica Balanced II

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2021

(unaudited)

	Principal		Value
U.S. GOVERNMENT OBLIGATIONS (continued)
U.S. Treasury Inflation-Protected Securities (continued)
U.S. Treasury Inflation-Indexed Note
0.13%, 07/15/2030		$   183,692		$   208,402
0.63%, 01/15/2024		483,396		522,549
				1,505,293
Total U.S. Government Obligations (Cost $13,860,602)				14,457,428
COMMERCIAL PAPER - 5.8%
Banks - 2.4%
Korea Development Bank
0.10% (L), 08/27/2021		350,000		349,976
Lloyds Bank PLC
0.12% (L), 08/30/2021		500,000		499,961
Macquarie Bank Ltd.
0.09% (L), 09/07/2021		540,000		539,932
Manhattan Asset Funding Co. LLC
0.08% (L), 08/24/2021		250,000		249,983
National Australia Bank Ltd.
0.12% (L), 08/04/2021		475,000		474,995
Skandinaviska Enskilda Banken AB
0.09% (L), 09/07/2021		450,000		449,964
Societe Generale SA
0.14% (L), 08/16/2021		400,000		399,988
Swedbank AB
0.10% (L), 09/29/2021		250,000		249,970
				3,214,769
Diversified Financial Services - 3.1%
Anglesea Funding LLC
0.10% (L), 09/13/2021		525,000		524,934
Bennington Stark Capital Co. LLC
0.15% (L), 08/05/2021		375,000		374,994
Chariot Funding LLC
0.08% (L), 10/12/2021		315,000		314,942
Gotham Funding Corp.
0.13% (L), 08/02/2021		450,000		449,998
Lexington Parker Capital Co. LLC
0.12% (L), 10/18/2021		250,000		249,935
Liberty Street Funding LLC
0.14% (L), 09/01/2021		360,000		359,967
Mont Blanc Capital Corp.
0.10% (L), 08/19/2021		333,000		332,983

	Principal		Value
COMMERCIAL PAPER (continued)
Diversified Financial Services (continued)
Ridgefield Funding Co. LLC
0.09% (L), 09/08/2021		$   535,000		$   534,948
Sheffield Receivables Co. LLC
0.14% (L), 08/02/2021		500,000		499,996
Thunder Bay Funding LLC
0.08% (L), 10/04/2021		350,000		349,941
Victory Receivables Corp.
0.12% (L), 08/03/2021		250,000		249,998
				4,242,636
Food Products - 0.3%
Britannia Funding Co. LLC
0.15% (L), 09/16/2021		450,000		449,921
Total Commercial Paper (Cost $7,907,292)				7,907,326
SHORT-TERM U.S. GOVERNMENT OBLIGATIONS - 0.9%
U.S. Cash Management Bill
0.03% (L), 09/16/2021		175,000		174,991
U.S. Treasury Bill
0.01% (L), 08/05/2021		125,000		125,000
0.02% (L), 09/02/2021 - 09/09/2021		720,000		719,970
0.04% (L), 09/28/2021		225,000		224,983
0.05% (L), 09/23/2021		50,000		49,997
Total Short-Term U.S. Government Obligations (Cost $1,294,960)				1,294,941
	Shares		Value
OTHER INVESTMENT COMPANY - 0.9%
Securities Lending Collateral - 0.9%
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 0.05% (L)		1,192,550		1,192,550
Total Other Investment Company (Cost $1,192,550)				1,192,550
Total Investments (Cost $108,871,701)				144,366,910
Net Other Assets (Liabilities) - (6.7)%				(9,090,029	)
Net Assets - 100.0%				$  135,276,881

FUTURES CONTRACTS:

Long Futures Contracts

Description	Number of Contracts		Expiration Date		Notional Amount			Value			Unrealized Appreciation			Unrealized Depreciation
2-Year U.S. Treasury Note		5		09/30/2021		$	1,103,565		$	1,103,281		$	—		$	(284	)
S&P 500® E-Mini Index		1		09/17/2021			218,415			219,475			1,060			—
Total Futures Contracts												$	1,060		$	(284	)

Transamerica Funds Page    10

Transamerica Balanced II

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2021

(unaudited)

INVESTMENT VALUATION:

Valuation Inputs ^(M)

	Level 1 - Unadjusted Quoted Prices			Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs (N)		Value
ASSETS
Investments
Common Stocks	$	82,918,101		$	—	$	—	$	82,918,101
Preferred Stock		8,112			—		—		8,112
Asset-Backed Securities		—			3,608,738		—		3,608,738
Corporate Debt Securities		—			17,807,795		0		17,807,795
Foreign Government Obligations		—			687,312		—		687,312
Mortgage-Backed Securities		—			3,631,381		—		3,631,381
U.S. Government Agency Obligations		—			10,853,226		—		10,853,226
U.S. Government Obligations		—			14,457,428		—		14,457,428
Commercial Paper		—			7,907,326		—		7,907,326
Short-Term U.S. Government Obligations		—			1,294,941		—		1,294,941
Other Investment Company		1,192,550			—		—		1,192,550
Total Investments	$	84,118,763		$	60,248,147	$	0	$	144,366,910
Other Financial Instruments
Futures Contracts (O)	$	1,060		$	—	$	—	$	1,060
Total Other Financial Instruments	$	1,060		$	—	$	—	$	1,060
LIABILITIES
Other Financial Instruments
Futures Contracts (O)	$	(284	)	$	—	$	—	$	(284	)
Total Other Financial Instruments	$	(284	)	$	—	$	—	$	(284	)

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	Non-income producing securities.
(B)	All or a portion of the securities are on loan. The total value of all securities on loan is $2,579,707, collateralized by cash collateral of $1,192,550 and non-cash collateral, such as U.S. government securities and irrevocable letters of credit, of $1,440,844. The amount of securities on loan indicated may not correspond with the securities on loan identified because securities with pending sales are in the process of recall from the brokers.
(C)	Percentage rounds to less than 0.1% or (0.1)%.
(D)	Floating or variable rate securities. The rates disclosed are as of July 31, 2021. For securities based on a published reference rate and spread, the reference rate and spread are indicated within the description. Variable rate securities with a floor or ceiling feature are disclosed at the inherent rate, where applicable. Certain variable rate securities are not based on a published reference rate and spread, but are determined by the issuer or agent and are based on current market conditions; these securities do not indicate a reference rate and spread in the description.
(E)	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 July 31, 2021, the total value of 144A securities is $12,618,345, representing 9.3% of the Fund’s net assets.
(F)	Perpetual maturity. The date displayed is the next call date.
(G)	Security is Level 3 of the fair value hierarchy.
(H)	Fair valued as determined in good faith in accordance with procedures established by the Board. At July 31, 2021, the total value of securities is $183,925, representing 0.1% of the Fund’s net assets.
(I)	Security deemed worthless.

Transamerica Funds Page    11

Transamerica Balanced II

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2021

(unaudited)

FOOTNOTES TO SCHEDULE OF INVESTMENTS (continued):

(J) Restricted security. At July 31, 2021, the value of such security held by the Fund is as follows:

Investments	Description	Acquisition Date		Acquisition Cost		Value		Value as Percentage of Net Assets
Corporate Debt Securities	General Electric Co. 6.88%, 01/10/2039		09/15/2017	$	2,911	$	3,039		0.0	%(C)

(K)	When-issued, delayed-delivery and/or forward commitment (including TBAs) securities. Securities to be settled and delivered after July 31, 2021. Securities may display a coupon rate of 0.00%, as the rate is to be determined at time of settlement.
(L)	Rates disclosed reflect the yields at July 31, 2021.
(M)	There were no transfers in or out of Level 3 during the period ended July 31, 2021. Please reference the Investment Valuation section of the Notes to Schedule of Investments for more information regarding investment valuation and pricing inputs.
(N)	Level 3 securities were not considered significant to the Fund.
(O)	Derivative instruments are valued at unrealized appreciation (depreciation).

PORTFOLIO ABBREVIATIONS:

LIBOR	London Interbank Offered Rate
STRIPS	Separate Trading of Registered Interest and Principal of Securities
TBA	To Be Announced

Transamerica Funds Page    12

Transamerica Balanced II

NOTES TO SCHEDULE OF INVESTMENTS

At July 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 and derivative instruments.

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 July 31, 2021, is disclosed within the Investment Valuation section of the Schedule of Investments.

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

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

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

Foreign equity securities: Securities in which the primary trading market closes at the same time or after the NYSE, are valued based on quotations from the primary market in which they are traded and are categorized in Level 1. Because many foreign securities markets and exchanges close prior to the close of the NYSE, closing prices for foreign securities in those markets or on those exchanges do not reflect the events that occur after that close. Certain foreign securities may be fair valued using a pricing service that considers the correlation of the trading patterns of the foreign security to the intraday trading in the U.S. markets for investments such as American Depositary Receipts, financial futures, or ETFs and the movement of certain indices of securities based on a statistical analysis of their historical relationship; such valuations generally are categorized in Level 2.

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.

Transamerica Funds Page    13

Transamerica Balanced II

NOTES TO SCHEDULE OF INVESTMENTS (continued)

At July 31, 2021

(unaudited)

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.

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.

Commercial paper: Commercial paper is valued using amortized cost, which approximates fair value. The values are generally categorized in Level 2 of the fair value hierarchy, or Level 3 if inputs are unobservable.

Short-term notes: The Fund normally value short-term government and U.S. government agency securities 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. Short-term government and U.S. government agency securities 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.

Restricted securities: Restricted securities for which quotations are not readily available are valued at fair value. Restricted securities issued by publicly traded companies are generally valued at a discount to similar publicly traded securities. Restricted securities issued by nonpublic entities may be valued by reference to comparable public entities and/or fundamental data relating to the issuer. Depending on the relative significance of observable valuation inputs, these instruments may be classified in either Level 2 or Level 3 of the fair value hierarchy.

Derivative instruments: Centrally cleared or listed derivatives that are actively traded are valued based on quoted prices from the exchange and are categorized in Level 1 of the fair value hierarchy. Over-the-counter (“OTC”) derivative contracts include forward, swap, swaption, and option contracts related to interest rates, foreign currencies, credit standing of reference entities, equity prices, or commodity prices. Depending on the product and the terms of the transaction, the fair value of the OTC derivative products are modeled taking into account the counterparties’ creditworthiness and using a series of techniques, including simulation models. Many pricing models do not entail material subjectivity because the methodologies employed do not necessitate significant judgments and the pricing inputs are observed from actively quoted markets, as is the case of interest rate swap and option contracts. The majority of OTC derivative products valued by the Fund using pricing models fall into this category and are categorized within Level 2 of the fair value hierarchy or Level 3 if inputs are unobservable.

Transamerica Funds Page    14