Transamerica High Yield Bond
SCHEDULE OF INVESTMENTS
At July 31, 2021
(unaudited)
| Principal | Value | |||||||
| CORPORATE DEBT SECURITIES - 94.0% | ||||||||
| Aerospace & Defense - 0.7% | ||||||||
TransDigm, Inc. | ||||||||
4.88%, 05/01/2029 (A) | $ 10,288,000 | $ 10,304,255 | ||||||
Triumph Group, Inc. | ||||||||
7.75%, 08/15/2025 (B) | 2,962,000 | 2,976,810 | ||||||
8.88%, 06/01/2024 (A) | 1,445,000 | 1,600,338 | ||||||
|
| |||||||
| 14,881,403 | ||||||||
|
| |||||||
| Airlines - 1.0% | ||||||||
American Airlines Group, Inc. | ||||||||
3.75%, 03/01/2025 (A) (B) | 11,868,000 | 10,562,401 | ||||||
5.00%, 06/01/2022 (A) (B) | 154,000 | 153,615 | ||||||
American Airlines, Inc. / AAdvantage Loyalty IP Ltd. | ||||||||
5.50%, 04/20/2026 (A) | 2,427,000 | 2,539,249 | ||||||
5.75%, 04/20/2029 (A) | 2,126,000 | 2,293,826 | ||||||
Continental Airlines Pass-Through Trust | ||||||||
6.90%, 10/19/2023 | 420,201 | 425,348 | ||||||
United Airlines Holdings, Inc. | ||||||||
4.88%, 01/15/2025 (B) | 5,658,000 | 5,771,160 | ||||||
United Airlines Pass-Through Trust | ||||||||
4.63%, 03/03/2024 | 901,403 | 924,485 | ||||||
|
| |||||||
| 22,670,084 | ||||||||
|
| |||||||
| Auto Components - 1.2% | ||||||||
Clarios Global, LP / Clarios US Finance Co. | ||||||||
6.25%, 05/15/2026 (A) | 3,333,000 | 3,524,648 | ||||||
Dana, Inc. | ||||||||
5.38%, 11/15/2027 | 2,558,000 | 2,705,085 | ||||||
Goodyear Tire & Rubber Co. | ||||||||
4.88%, 03/15/2027 (B) | 2,986,000 | 3,168,893 | ||||||
5.00%, 05/31/2026 (B) | 2,791,000 | 2,862,589 | ||||||
5.00%, 07/15/2029 (A) | 3,923,000 | 4,126,878 | ||||||
9.50%, 05/31/2025 | 3,986,000 | 4,413,299 | ||||||
Patrick Industries, Inc. | ||||||||
7.50%, 10/15/2027 (A) | 6,447,000 | 7,011,112 | ||||||
|
| |||||||
| 27,812,504 | ||||||||
|
| |||||||
| Automobiles - 0.1% | ||||||||
Ford Motor Co. | ||||||||
8.50%, 04/21/2023 | 275,000 | 305,313 | ||||||
9.00%, 04/22/2025 | 980,000 | 1,206,331 | ||||||
9.63%, 04/22/2030 | 1,012,000 | 1,461,075 | ||||||
|
| |||||||
| 2,972,719 | ||||||||
|
| |||||||
| Banks - 1.8% | ||||||||
Barclays PLC | ||||||||
Fixed until 06/20/2029, | 1,675,000 | 1,963,525 | ||||||
Fixed until 09/15/2023 (D), | 6,257,000 | 6,859,236 | ||||||
Fixed until 06/15/2024 (D), | 3,262,000 | 3,698,293 | ||||||
CIT Bank NA | ||||||||
Fixed until 09/27/2024, | 3,277,000 | 3,453,139 | ||||||
CIT Group, Inc. | ||||||||
4.75%, 02/16/2024 | 2,166,000 | 2,333,865 | ||||||
Citigroup, Inc. | ||||||||
Fixed until 09/12/2024 (D), | 7,691,000 | 8,088,240 | ||||||
Intesa Sanpaolo SpA | ||||||||
4.20%, 06/01/2032 (A) | 694,000 | 713,731 | ||||||
5.71%, 01/15/2026 (A) | 6,247,000 | 7,051,520 | ||||||
| Principal | Value | |||||||
| CORPORATE DEBT SECURITIES (continued) | ||||||||
| Banks (continued) | ||||||||
JPMorgan Chase & Co. | ||||||||
3-Month LIBOR + 3.47%, | $ 1,907,000 | $ 1,916,530 | ||||||
Lloyds Banking Group PLC | ||||||||
Fixed until 06/27/2024 (D), | 4,252,000 | 4,798,169 | ||||||
|
| |||||||
| 40,876,248 | ||||||||
|
| |||||||
| Beverages - 0.5% | ||||||||
Primo Water Holdings, Inc. | ||||||||
4.38%, 04/30/2029 (A) | 10,746,000 | 10,746,000 | ||||||
|
| |||||||
| Building Products - 0.8% | ||||||||
Associated Materials LLC / AMH New Finance, Inc. | ||||||||
9.00%, 09/01/2025 (A) (B) | 3,796,000 | 4,023,760 | ||||||
Builders FirstSource, Inc. | ||||||||
4.25%, 02/01/2032 (A) | 1,617,000 | 1,651,377 | ||||||
5.00%, 03/01/2030 (A) | 694,000 | 738,243 | ||||||
6.75%, 06/01/2027 (A) | 3,272,000 | 3,501,040 | ||||||
Cornerstone Building Brands, Inc. | ||||||||
6.13%, 01/15/2029 (A) | 1,612,000 | 1,716,780 | ||||||
Standard Industries, Inc. | ||||||||
3.38%, 01/15/2031 (A) | 3,664,000 | 3,552,798 | ||||||
5.00%, 02/15/2027 (A) | 3,421,000 | 3,527,906 | ||||||
|
| |||||||
| 18,711,904 | ||||||||
|
| |||||||
| Capital Markets - 1.8% | ||||||||
Credit Suisse Group AG | ||||||||
Fixed until 02/11/2027 (D), | 2,250,000 | 2,359,687 | ||||||
Fixed until 12/18/2024 (D), | 1,350,000 | 1,473,120 | ||||||
Fixed until 08/21/2026 (D), | 3,782,000 | 4,201,802 | ||||||
Fixed until 09/12/2025 (D), | 3,450,000 | 3,886,614 | ||||||
Fixed until 07/17/2023 (D), | 1,971,000 | 2,133,608 | ||||||
Fixed until 12/11/2023 (D), | 6,403,000 | 7,067,311 | ||||||
Deutsche Bank AG | ||||||||
Fixed until 01/14/2031, | 3,428,000 | 3,531,314 | ||||||
Fixed until 10/30/2025 (D), | 1,400,000 | 1,466,500 | ||||||
LPL Holdings, Inc. | ||||||||
4.00%, 03/15/2029 (A) | 5,744,000 | 5,830,160 | ||||||
MSCI, Inc. | ||||||||
3.63%, 09/01/2030 (A) | 8,369,000 | 8,797,911 | ||||||
|
| |||||||
| 40,748,027 | ||||||||
|
| |||||||
| Chemicals - 2.0% | ||||||||
Avient Corp. | ||||||||
5.75%, 05/15/2025 (A) | 3,759,000 | 3,946,950 | ||||||
Eagle Intermediate Global Holding BV / Ruyi US Finance LLC | ||||||||
7.50%, 05/01/2025 (A) | 7,289,000 | 6,815,215 | ||||||
Hexion, Inc. | ||||||||
7.88%, 07/15/2027 (A) (B) | 6,257,000 | 6,726,275 | ||||||
NOVA Chemicals Corp. | ||||||||
4.88%, 06/01/2024 (A) | 5,559,000 | 5,857,796 | ||||||
5.25%, 06/01/2027 (A) | 9,103,000 | 9,808,482 | ||||||
Olin Corp. | ||||||||
5.13%, 09/15/2027 | 3,235,000 | 3,368,444 | ||||||
9.50%, 06/01/2025 (A) | 6,189,000 | 7,728,514 | ||||||
|
| |||||||
| 44,251,676 | ||||||||
|
| |||||||
| Commercial Services & Supplies - 2.4% | ||||||||
Ashtead Capital, Inc. | ||||||||
4.00%, 05/01/2028 (A) | 5,392,000 | 5,675,080 | ||||||
4.25%, 11/01/2029 (A) | 787,000 | 852,911 | ||||||
Transamerica Funds | Page 1 |
Transamerica High Yield Bond
SCHEDULE OF INVESTMENTS (continued)
At July 31, 2021
(unaudited)
| Principal | Value | |||||||
| CORPORATE DEBT SECURITIES (continued) | ||||||||
| Commercial Services & Supplies (continued) | ||||||||
Avis Budget Car Rental LLC / Avis Budget Finance, Inc. | ||||||||
5.38%, 03/01/2029 (A) (B) | $ 1,744,000 | $ 1,813,760 | ||||||
5.75%, 07/15/2027 (A) (B) | 5,235,000 | 5,457,488 | ||||||
FXI Holdings, Inc. | ||||||||
12.25%, 11/15/2026 (A) | 5,200,000 | 5,915,000 | ||||||
Garda World Security Corp. | ||||||||
4.63%, 02/15/2027 (A) | 4,595,000 | 4,612,093 | ||||||
6.00%, 06/01/2029 (A) | 4,381,000 | 4,287,904 | ||||||
9.50%, 11/01/2027 (A) | 2,287,000 | 2,492,830 | ||||||
Herc Holdings, Inc. | ||||||||
5.50%, 07/15/2027 (A) | 9,675,000 | 10,146,656 | ||||||
Nielsen Finance LLC / Nielsen Finance Co. | ||||||||
4.50%, 07/15/2029 (A) | 1,312,000 | 1,321,833 | ||||||
5.63%, 10/01/2028 (A) | 5,134,000 | 5,422,788 | ||||||
5.88%, 10/01/2030 (A) | 640,000 | 700,737 | ||||||
Stericycle, Inc. | ||||||||
5.38%, 07/15/2024 (A) | 4,899,000 | 5,034,702 | ||||||
|
| |||||||
| 53,733,782 | ||||||||
|
| |||||||
| Communications Equipment - 1.3% | ||||||||
Avaya, Inc. |
| |||||||
6.13%, 09/15/2028 (A) | 5,344,000 | 5,718,080 | ||||||
CommScope Technologies LLC | ||||||||
6.00%, 06/15/2025 (A) | 6,343,000 | 6,438,145 | ||||||
CommScope, Inc. | ||||||||
5.50%, 03/01/2024 (A) | 4,981,000 | 5,123,407 | ||||||
6.00%, 03/01/2026 (A) | 3,723,000 | 3,881,228 | ||||||
8.25%, 03/01/2027 (A) | 2,579,000 | 2,730,516 | ||||||
Nokia OYJ | ||||||||
3.38%, 06/12/2022 | 4,034,000 | 4,123,151 | ||||||
|
| |||||||
| 28,014,527 | ||||||||
|
| |||||||
| Construction & Engineering - 1.2% | ||||||||
Abengoa Abenewco 2 SA | ||||||||
PIK Rate 1.50%, Cash Rate 0.00%, 10/26/2024 (A) (F) | 1,935,400 | 19 | ||||||
PIK Rate 1.50%, Cash Rate 0.00%, 10/26/2024 (A) (F) (G) | 1,992,987 | 0 | ||||||
Ashton Woods USA LLC / Ashton Woods Finance Co. | ||||||||
4.63%, 08/01/2029 (A) (H) | 1,741,000 | 1,745,823 | ||||||
6.63%, 01/15/2028 (A) | 5,109,000 | 5,453,858 | ||||||
9.88%, 04/01/2027 (A) | 8,207,000 | 9,130,287 | ||||||
Brookfield Residential Properties, Inc. / Brookfield Residential US LLC | ||||||||
5.00%, 06/15/2029 (A) | 3,161,000 | 3,217,898 | ||||||
Taylor Morrison Communities, Inc. | ||||||||
5.13%, 08/01/2030 (A) | 1,906,000 | 2,072,775 | ||||||
6.63%, 07/15/2027 (A) | 3,890,000 | 4,152,575 | ||||||
|
| |||||||
| 25,773,235 | ||||||||
|
| |||||||
| Consumer Finance - 2.1% | ||||||||
Ally Financial, Inc. |
| |||||||
5.75%, 11/20/2025 | 2,727,000 | 3,117,570 | ||||||
Altice Financing SA | ||||||||
5.00%, 01/15/2028 (A) | 1,771,000 | 1,740,008 | ||||||
7.50%, 05/15/2026 (A) | 6,910,000 | 7,189,371 | ||||||
Ford Motor Credit Co. LLC | ||||||||
3.38%, 11/13/2025 | 3,975,000 | 4,149,875 | ||||||
4.00%, 11/13/2030 | 5,368,000 | 5,669,950 | ||||||
4.38%, 08/06/2023 | 3,548,000 | 3,718,144 | ||||||
4.39%, 01/08/2026 | 7,534,000 | 8,174,390 | ||||||
5.88%, 08/02/2021 | 1,488,000 | 1,488,000 | ||||||
| Principal | Value | |||||||
| CORPORATE DEBT SECURITIES (continued) | ||||||||
| Consumer Finance (continued) | ||||||||
Navient Corp. | ||||||||
5.00%, 03/15/2027 | $ 1,020,000 | $ 1,060,800 | ||||||
5.88%, 10/25/2024 | 7,127,000 | 7,759,521 | ||||||
6.50%, 06/15/2022 | 3,708,000 | 3,868,186 | ||||||
|
| |||||||
| 47,935,815 | ||||||||
|
| |||||||
| Containers & Packaging - 4.5% | ||||||||
ARD Finance SA | ||||||||
PIK Rate 7.25%, Cash Rate 6.50%, 06/30/2027 (A) (F) | 5,812,000 | 6,131,079 | ||||||
Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC | ||||||||
3.25%, 09/01/2028 (A) (B) | 3,741,000 | 3,745,676 | ||||||
4.00%, 09/01/2029 (A) | 3,269,000 | 3,273,086 | ||||||
Ardagh Packaging Finance PLC / Ardagh Holdings USA, Inc. | ||||||||
5.25%, 08/15/2027 (A) | 1,382,000 | 1,411,157 | ||||||
6.00%, 02/15/2025 (A) | 1,062,000 | 1,094,922 | ||||||
Ball Corp. | ||||||||
2.88%, 08/15/2030 | 11,339,000 | 11,221,301 | ||||||
Cascades, Inc. / Cascades USA, Inc. | ||||||||
5.38%, 01/15/2028 (A) | 8,954,000 | 9,424,085 | ||||||
Crown Americas LLC / Crown Americas Capital Corp. VI | ||||||||
4.75%, 02/01/2026 | 9,253,000 | 9,576,855 | ||||||
Flex Acquisition Co., Inc. | ||||||||
6.88%, 01/15/2025 (A) | 2,805,000 | 2,840,680 | ||||||
7.88%, 07/15/2026 (A) | 5,488,000 | 5,717,179 | ||||||
Graphic Packaging International LLC | ||||||||
3.50%, 03/15/2028 - 03/01/2029 (A) | 8,583,000 | 8,612,953 | ||||||
Greif, Inc. | ||||||||
6.50%, 03/01/2027 (A) | 7,031,000 | 7,400,127 | ||||||
Mauser Packaging Solutions Holding Co. | ||||||||
5.50%, 04/15/2024 (A) | 6,817,000 | 6,859,606 | ||||||
7.25%, 04/15/2025 (A) | 3,092,000 | 3,010,835 | ||||||
OI European Group BV | ||||||||
4.00%, 03/15/2023 (A) | 3,970,000 | 4,094,063 | ||||||
Owens-Brockway Glass Container, Inc. | ||||||||
5.88%, 08/15/2023 (A) (B) | 3,860,000 | 4,135,025 | ||||||
6.38%, 08/15/2025 (A) (B) | 820,000 | 916,350 | ||||||
Reynolds Group Issuer, Inc. / Reynolds Group Issuer LLC | ||||||||
4.00%, 10/15/2027 (A) | 4,977,000 | 4,970,779 | ||||||
Trivium Packaging Finance BV | ||||||||
5.50%, 08/15/2026 (A) | 4,224,000 | 4,414,080 | ||||||
8.50%, 08/15/2027 (A) | 1,785,000 | 1,918,875 | ||||||
|
| |||||||
| 100,768,713 | ||||||||
|
| |||||||
| Diversified Consumer Services - 0.2% | ||||||||
WW International, Inc. | ||||||||
4.50%, 04/15/2029 (A) (B) | 4,457,000 | 4,518,150 | ||||||
|
| |||||||
| Diversified Financial Services - 3.5% | ||||||||
Avation Capital SA | ||||||||
PIK Rate 9.00%, Cash Rate 8.25%, 10/31/2026 (A) (F) (I) | 6,135,229 | 5,000,212 | ||||||
Dana Financing SARL | ||||||||
5.75%, 04/15/2025 (A) | 13,976,000 | 14,412,750 | ||||||
ILFC E-Capital Trust I | ||||||||
1.55% + Max of 3-Month LIBOR, | 17,977,000 | 14,808,554 | ||||||
Transamerica Funds | Page 2 |
Transamerica High Yield Bond
SCHEDULE OF INVESTMENTS (continued)
At July 31, 2021
(unaudited)
| Principal | Value | |||||||
| CORPORATE DEBT SECURITIES (continued) | ||||||||
| Diversified Financial Services (continued) | ||||||||
ILFC E-Capital Trust II | ||||||||
1.80% + Max of 3-Month LIBOR, | $ 3,974,000 | $ 3,328,225 | ||||||
Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp. | ||||||||
4.25%, 02/01/2027 (A) | 4,427,000 | 4,419,622 | ||||||
5.25%, 03/15/2022 - 10/01/2025 (A) | 9,792,000 | 9,843,960 | ||||||
United Wholesale Mortgage LLC | ||||||||
5.50%, 11/15/2025 - 04/15/2029 (A) | 9,405,000 | 9,515,703 | ||||||
Virgin Media Secured Finance PLC | ||||||||
4.50%, 08/15/2030 (A) | 3,149,000 | 3,175,861 | ||||||
5.50%, 05/15/2029 (A) | 11,769,000 | 12,572,288 | ||||||
|
| |||||||
| 77,077,175 | ||||||||
|
| |||||||
| Diversified Telecommunication Services - 3.5% | ||||||||
Cablevision Lightpath LLC | ||||||||
3.88%, 09/15/2027 (A) | 1,301,000 | 1,291,243 | ||||||
5.63%, 09/15/2028 (A) | 666,000 | 677,655 | ||||||
Frontier Communications Holdings LLC | ||||||||
5.00%, 05/01/2028 (A) | 2,400,000 | 2,482,536 | ||||||
6.75%, 05/01/2029 (A) (B) | 4,144,000 | 4,413,360 | ||||||
Hughes Satellite Systems Corp. | ||||||||
5.25%, 08/01/2026 | 328,000 | 366,540 | ||||||
6.63%, 08/01/2026 (B) | 6,033,000 | 6,779,584 | ||||||
Intelsat Jackson Holdings SA | ||||||||
8.50%, 10/15/2024 (A) (E) (J) | 3,274,000 | 1,817,070 | ||||||
Level 3 Financing, Inc. | ||||||||
3.63%, 01/15/2029 (A) | 5,877,000 | 5,708,800 | ||||||
3.75%, 07/15/2029 (A) | 1,410,000 | 1,381,800 | ||||||
4.25%, 07/01/2028 (A) | 5,517,000 | 5,616,996 | ||||||
4.63%, 09/15/2027 (A) | 2,435,000 | 2,528,748 | ||||||
Lumen Technologies, Inc. | ||||||||
4.50%, 01/15/2029 (A) | 5,144,000 | 5,050,379 | ||||||
5.13%, 12/15/2026 (A) (B) | 7,590,000 | 7,888,439 | ||||||
5.38%, 06/15/2029 (A) | 5,213,000 | 5,343,325 | ||||||
5.80%, 03/15/2022 | 4,234,000 | 4,344,444 | ||||||
6.75%, 12/01/2023 | 4,036,000 | 4,467,529 | ||||||
7.50%, 04/01/2024 (B) | 4,775,000 | 5,370,538 | ||||||
Switch Ltd. | ||||||||
3.75%, 09/15/2028 (A) | 4,829,000 | 4,925,580 | ||||||
4.13%, 06/15/2029 (A) | 3,830,000 | 3,945,857 | ||||||
Zayo Group Holdings, Inc. | ||||||||
4.00%, 03/01/2027 (A) | 3,434,000 | 3,412,537 | ||||||
|
| |||||||
| 77,812,960 | ||||||||
|
| |||||||
| Electric Utilities - 1.0% | ||||||||
Elwood Energy LLC | ||||||||
8.16%, 07/05/2026 | 2,879,134 | 3,087,871 | ||||||
NRG Energy, Inc. | ||||||||
3.38%, 02/15/2029 (A) (B) | 2,072,000 | 2,061,640 | ||||||
7.25%, 05/15/2026 | 6,546,000 | 6,809,149 | ||||||
Vistra Operations Co. LLC | ||||||||
4.38%, 05/01/2029 (A) | 4,683,000 | 4,800,075 | ||||||
5.00%, 07/31/2027 (A) | 4,340,000 | 4,481,050 | ||||||
5.63%, 02/15/2027 (A) | 611,000 | 633,913 | ||||||
|
| |||||||
| 21,873,698 | ||||||||
|
| |||||||
| Electronic Equipment, Instruments & Components - 0.3% | ||||||||
Sensata Technologies BV | ||||||||
4.00%, 04/15/2029 (A) | 4,272,000 | 4,384,140 | ||||||
| Principal | Value | |||||||
| CORPORATE DEBT SECURITIES (continued) | ||||||||
| Electronic Equipment, Instruments & Components (continued) | ||||||||
Sensata Technologies, Inc. | ||||||||
3.75%, 02/15/2031 (A) | $ 667,000 | $ 672,002 | ||||||
4.38%, 02/15/2030 (A) | 1,886,000 | 2,018,020 | ||||||
|
| |||||||
| 7,074,162 | ||||||||
|
| |||||||
| Energy Equipment & Services - 1.0% | ||||||||
Archrock Partners, LP / Archrock Partners Finance Corp. | ||||||||
6.25%, 04/01/2028 (A) | 5,467,000 | 5,569,506 | ||||||
CSI Compressco, LP / CSI Compressco Finance, Inc. | ||||||||
7.25%, 08/15/2022 | 1,334,000 | 1,307,320 | ||||||
7.50%, 04/01/2025 (A) (B) | 1,431,000 | 1,433,276 | ||||||
7.50%, 04/01/2025 (A) | 1,546,000 | 1,548,458 | ||||||
PIK Rate 3.50%, Cash Rate 7.25%, | 7,658,649 | 7,045,957 | ||||||
USA Compression Partners, LP / USA Compression Finance Corp. 6.88%, 09/01/2027 | 4,444,000 | 4,698,908 | ||||||
|
| |||||||
| 21,603,425 | ||||||||
|
| |||||||
| Entertainment - 0.6% | ||||||||
Netflix, Inc. |
| |||||||
4.88%, 04/15/2028 | 3,886,000 | 4,546,620 | ||||||
4.88%, 06/15/2030 (A) | 3,450,000 | 4,156,457 | ||||||
5.38%, 11/15/2029 (A) | 2,835,000 | 3,497,681 | ||||||
|
| |||||||
| 12,200,758 | ||||||||
|
| |||||||
| Equity Real Estate Investment Trusts - 2.8% | ||||||||
CBL & Associates, LP |
| |||||||
5.25%, 12/01/2023 (K) | 7,893,000 | 4,459,545 | ||||||
5.95%, 12/15/2026 (K) | 872,000 | 493,770 | ||||||
HAT Holdings I LLC / HAT Holdings II LLC | ||||||||
3.38%, 06/15/2026 (A) | 4,945,000 | 5,011,164 | ||||||
6.00%, 04/15/2025 (A) | 3,212,000 | 3,374,848 | ||||||
Iron Mountain, Inc. | ||||||||
4.50%, 02/15/2031 (A) | 1,881,000 | 1,923,323 | ||||||
5.25%, 03/15/2028 (A) | 8,592,000 | 8,978,640 | ||||||
iStar, Inc. | ||||||||
4.25%, 08/01/2025 | 4,591,000 | 4,759,995 | ||||||
5.50%, 02/15/2026 | 4,570,000 | 4,775,650 | ||||||
MGM Growth Properties Operating Partnership, LP / MGP Finance Co-Issuer, Inc. | ||||||||
3.88%, 02/15/2029 (A) | 3,431,000 | 3,512,967 | ||||||
4.63%, 06/15/2025 (A) | 1,364,000 | 1,449,250 | ||||||
5.75%, 02/01/2027 | 2,539,000 | 2,837,333 | ||||||
MPT Operating Partnership, LP / MPT Finance Corp. | ||||||||
3.50%, 03/15/2031 | 3,526,000 | 3,617,605 | ||||||
Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co-Issuer | ||||||||
5.88%, 10/01/2028 (A) | 3,147,000 | 3,359,422 | ||||||
7.50%, 06/01/2025 (A) | 6,323,000 | 6,856,535 | ||||||
SBA Communications Corp. | ||||||||
3.13%, 02/01/2029 (A) | 3,046,000 | 2,991,469 | ||||||
3.88%, 02/15/2027 | 4,357,000 | 4,493,156 | ||||||
|
| |||||||
| 62,894,672 | ||||||||
|
| |||||||
| Food & Staples Retailing - 1.4% | ||||||||
Albertsons Cos., Inc. / Safeway, Inc. / New Albertsons, LP |
| |||||||
3.25%, 03/15/2026 (A) (B) | 1,607,000 | 1,645,809 | ||||||
3.50%, 03/15/2029 (A) | 5,957,000 | 6,016,570 | ||||||
4.63%, 01/15/2027 (A) | 3,772,000 | 3,990,776 | ||||||
5.75%, 03/15/2025 | 2,331,000 | 2,378,902 | ||||||
7.50%, 03/15/2026 (A) | 1,383,000 | 1,507,470 | ||||||
Transamerica Funds | Page 3 |
Transamerica High Yield Bond
SCHEDULE OF INVESTMENTS (continued)
At July 31, 2021
(unaudited)
| Principal | Value | |||||||
| CORPORATE DEBT SECURITIES (continued) | ||||||||
| Food & Staples Retailing (continued) | ||||||||
LSF9 Atlantis Holdings LLC / Victra Finance Corp. | ||||||||
7.75%, 02/15/2026 (A) | $ 6,399,000 | $ 6,686,955 | ||||||
Rite Aid Corp. | ||||||||
7.50%, 07/01/2025 (A) | 4,594,000 | 4,604,107 | ||||||
8.00%, 11/15/2026 (A) | 5,255,000 | 5,274,706 | ||||||
|
| |||||||
| 32,105,295 | ||||||||
|
| |||||||
| Food Products - 2.6% | ||||||||
B&G Foods, Inc. | ||||||||
5.25%, 09/15/2027 (B) | 7,440,000 | 7,746,900 | ||||||
Kraft Heinz Foods Co. | ||||||||
3.88%, 05/15/2027 | 4,454,000 | 4,931,704 | ||||||
4.88%, 10/01/2049 | 3,922,000 | 4,887,194 | ||||||
5.00%, 07/15/2035 - 06/04/2042 | 8,559,000 | 10,601,331 | ||||||
6.88%, 01/26/2039 | 1,374,000 | 2,015,429 | ||||||
Pilgrim’s Pride Corp. | ||||||||
5.88%, 09/30/2027 (A) | 9,243,000 | 9,890,195 | ||||||
Post Holdings, Inc. | ||||||||
4.50%, 09/15/2031 (A) | 3,825,000 | 3,870,900 | ||||||
4.63%, 04/15/2030 (A) | 4,134,000 | 4,211,512 | ||||||
5.50%, 12/15/2029 (A) | 3,462,000 | 3,704,340 | ||||||
5.63%, 01/15/2028 (A) | 4,856,000 | 5,110,940 | ||||||
|
| |||||||
| 56,970,445 | ||||||||
|
| |||||||
| Health Care Providers & Services - 5.0% | ||||||||
Acadia Healthcare Co., Inc. | ||||||||
5.00%, 04/15/2029 (A) | 6,244,000 | 6,540,590 | ||||||
AdaptHealth LLC | ||||||||
4.63%, 08/01/2029 (A) (B) | 705,000 | 702,335 | ||||||
6.13%, 08/01/2028 (A) | 5,472,000 | 5,745,600 | ||||||
Centene Corp. | ||||||||
3.38%, 02/15/2030 | 501,000 | 522,683 | ||||||
4.25%, 12/15/2027 | 3,243,000 | 3,421,365 | ||||||
4.63%, 12/15/2029 | 1,024,000 | 1,122,253 | ||||||
CHS / Community Health Systems, Inc. | ||||||||
5.63%, 03/15/2027 (A) | 2,398,000 | 2,538,882 | ||||||
6.63%, 02/15/2025 (A) | 5,126,000 | 5,375,892 | ||||||
6.88%, 04/15/2029 (A) | 674,000 | 709,385 | ||||||
8.00%, 03/15/2026 (A) | 11,296,000 | 12,110,668 | ||||||
DaVita, Inc. | ||||||||
3.75%, 02/15/2031 (A) | 7,184,000 | 6,966,828 | ||||||
4.63%, 06/01/2030 (A) | 5,365,000 | 5,546,069 | ||||||
Encompass Health Corp. | ||||||||
4.50%, 02/01/2028 | 2,185,000 | 2,266,938 | ||||||
4.63%, 04/01/2031 | 638,000 | 693,921 | ||||||
4.75%, 02/01/2030 | 3,206,000 | 3,422,405 | ||||||
5.75%, 09/15/2025 | 6,707,000 | 6,883,059 | ||||||
HCA, Inc. | ||||||||
3.50%, 09/01/2030 | 3,454,000 | 3,750,871 | ||||||
5.38%, 02/01/2025 | 4,023,000 | 4,559,668 | ||||||
5.88%, 02/15/2026 - 02/01/2029 | 14,238,000 | 16,673,115 | ||||||
7.50%, 11/06/2033 | 441,000 | 623,464 | ||||||
Tenet Healthcare Corp. | ||||||||
4.25%, 06/01/2029 (A) (B) | 5,038,000 | 5,138,760 | ||||||
4.88%, 01/01/2026 (A) | 4,460,000 | 4,604,950 | ||||||
5.13%, 11/01/2027 (A) | 3,225,000 | 3,378,187 | ||||||
6.13%, 10/01/2028 (A) | 4,736,000 | 5,043,840 | ||||||
6.75%, 06/15/2023 | 2,401,000 | 2,605,085 | ||||||
7.50%, 04/01/2025 (A) | 640,000 | 688,000 | ||||||
|
| |||||||
| 111,634,813 | ||||||||
|
| |||||||
| Hotels, Restaurants & Leisure - 7.0% | ||||||||
1011778 BC ULC / New Red Finance, Inc. | ||||||||
3.88%, 01/15/2028 (A) | 3,641,000 | 3,667,543 | ||||||
| Principal | Value | |||||||
| CORPORATE DEBT SECURITIES (continued) | ||||||||
| Hotels, Restaurants & Leisure (continued) | ||||||||
1011778 BC ULC / New Red Finance, Inc. (continued) |
| |||||||
4.00%, 10/15/2030 (A) | $ 4,993,000 | $ 4,980,517 | ||||||
Boyd Gaming Corp. | ||||||||
4.75%, 12/01/2027 | 2,837,000 | 2,939,841 | ||||||
4.75%, 06/15/2031 (A) | 1,179,000 | 1,219,799 | ||||||
8.63%, 06/01/2025 (A) | 1,349,000 | 1,470,397 | ||||||
Boyne USA, Inc. | ||||||||
4.75%, 05/15/2029 (A) | 5,149,000 | 5,309,906 | ||||||
Carnival Corp. | ||||||||
7.63%, 03/01/2026 (A) | 2,058,000 | 2,173,763 | ||||||
10.50%, 02/01/2026 (A) | 2,643,000 | 3,026,182 | ||||||
11.50%, 04/01/2023 (A) | 2,320,000 | 2,615,800 | ||||||
GLP Capital, LP / GLP Financing II, Inc. | ||||||||
5.25%, 06/01/2025 | 2,927,000 | 3,305,461 | ||||||
Hilton Domestic Operating Co., Inc. | ||||||||
4.88%, 01/15/2030 | 4,109,000 | 4,407,272 | ||||||
5.38%, 05/01/2025 (A) | 1,265,000 | 1,322,064 | ||||||
5.75%, 05/01/2028 (A) | 493,000 | 529,975 | ||||||
Hilton Grand Vacations Borrower LLC / Hilton Grand Vacations Borrower, Inc. | ||||||||
4.88%, 07/01/2031 (A) | 5,142,000 | 5,043,698 | ||||||
5.00%, 06/01/2029 (A) | 2,615,000 | 2,638,587 | ||||||
International Game Technology PLC | ||||||||
4.13%, 04/15/2026 (A) | 1,852,000 | 1,928,895 | ||||||
5.25%, 01/15/2029 (A) | 780,000 | 832,650 | ||||||
6.25%, 01/15/2027 (A) | 3,038,000 | 3,446,611 | ||||||
6.50%, 02/15/2025 (A) | 2,946,000 | 3,287,132 | ||||||
Lions Gate Capital Holdings LLC | ||||||||
5.50%, 04/15/2029 (A) | 5,857,000 | 5,995,811 | ||||||
Marriott Ownership Resorts, Inc. | ||||||||
4.50%, 06/15/2029 (A) | 1,715,000 | 1,725,719 | ||||||
Marriott Ownership Resorts, Inc. / ILG LLC | ||||||||
6.50%, 09/15/2026 | 2,182,000 | 2,262,865 | ||||||
MGM Resorts International | ||||||||
4.75%, 10/15/2028 | 5,358,000 | 5,639,295 | ||||||
5.50%, 04/15/2027 | 5,448,000 | 5,920,342 | ||||||
5.75%, 06/15/2025 | 4,657,000 | 5,067,421 | ||||||
6.75%, 05/01/2025 | 1,938,000 | 2,056,703 | ||||||
NCL Corp. Ltd. | ||||||||
3.63%, 12/15/2024 (A) (B) | 5,397,000 | 5,133,896 | ||||||
5.88%, 03/15/2026 (A) | 3,343,000 | 3,368,073 | ||||||
10.25%, 02/01/2026 (A) | 2,181,000 | 2,491,793 | ||||||
12.25%, 05/15/2024 (A) | 3,428,000 | 4,045,040 | ||||||
Royal Caribbean Cruises Ltd. | ||||||||
4.25%, 07/01/2026 (A) | 1,545,000 | 1,508,075 | ||||||
5.50%, 04/01/2028 (A) | 2,469,000 | 2,517,639 | ||||||
9.13%, 06/15/2023 (A) | 1,021,000 | 1,110,470 | ||||||
10.88%, 06/01/2023 (A) | 1,529,000 | 1,735,415 | ||||||
11.50%, 06/01/2025 (A) | 1,444,000 | 1,653,380 | ||||||
Scientific Games International, Inc. | ||||||||
5.00%, 10/15/2025 (A) | 4,047,000 | 4,152,060 | ||||||
7.00%, 05/15/2028 (A) | 3,402,000 | 3,665,655 | ||||||
7.25%, 11/15/2029 (A) | 1,938,000 | 2,173,234 | ||||||
8.25%, 03/15/2026 (A) | 4,694,000 | 4,981,554 | ||||||
Station Casinos LLC | ||||||||
4.50%, 02/15/2028 (A) | 6,889,000 | 6,923,445 | ||||||
Travel & Leisure Co. | ||||||||
4.25%, 03/01/2022 | 1,780,000 | 1,788,900 | ||||||
5.65%, 04/01/2024 | 7,220,000 | 7,720,671 | ||||||
6.00%, 04/01/2027 | 6,016,000 | 6,512,320 | ||||||
Viking Cruises Ltd. | ||||||||
5.88%, 09/15/2027 (A) | 6,859,000 | 6,516,050 | ||||||
6.25%, 05/15/2025 (A) | 5,512,000 | 5,470,660 | ||||||
Waterford Gaming LLC / Waterford Gaming Financial Corp. | ||||||||
8.63%, 09/15/2014 (A) (E) (G) (J) (L) (M) | 1,025,248 | 0 | ||||||
|
| |||||||
| 156,282,579 | ||||||||
|
| |||||||
Transamerica Funds | Page 4 |
Transamerica High Yield Bond
SCHEDULE OF INVESTMENTS (continued)
At July 31, 2021
(unaudited)
| Principal | Value | |||||||
| CORPORATE DEBT SECURITIES (continued) | ||||||||
| Household Durables - 1.9% | ||||||||
Beazer Homes USA, Inc. | ||||||||
5.88%, 10/15/2027 (B) | $ 3,210,000 | $ 3,338,400 | ||||||
6.75%, 03/15/2025 | 6,144,000 | 6,335,939 | ||||||
7.25%, 10/15/2029 | 4,301,000 | 4,704,434 | ||||||
Century Communities, Inc. | ||||||||
5.88%, 07/15/2025 | 13,250,000 | 13,617,025 | ||||||
6.75%, 06/01/2027 | 2,071,000 | 2,199,381 | ||||||
KB Home | ||||||||
7.50%, 09/15/2022 | 3,108,000 | 3,317,790 | ||||||
7.63%, 05/15/2023 | 4,095,000 | 4,402,125 | ||||||
Meritage Homes Corp. | ||||||||
5.13%, 06/06/2027 | 1,570,000 | 1,764,680 | ||||||
6.00%, 06/01/2025 | 2,754,000 | 3,120,034 | ||||||
|
| |||||||
| 42,799,808 | ||||||||
|
| |||||||
| Household Products - 0.4% | ||||||||
Central Garden & Pet Co. | ||||||||
4.13%, 04/30/2031 (A) | 3,363,000 | 3,430,260 | ||||||
Spectrum Brands, Inc. | ||||||||
3.88%, 03/15/2031 (A) | 4,361,000 | 4,370,158 | ||||||
|
| |||||||
| 7,800,418 | ||||||||
|
| |||||||
| Independent Power & Renewable Electricity Producers - 1.2% | ||||||||
Calpine Corp. | ||||||||
3.75%, 03/01/2031 (A) | 6,247,000 | 6,012,737 | ||||||
4.50%, 02/15/2028 (A) | 4,965,000 | 5,113,950 | ||||||
5.00%, 02/01/2031 (A) | 1,552,000 | 1,567,520 | ||||||
5.13%, 03/15/2028 (A) | 2,702,000 | 2,735,775 | ||||||
5.25%, 06/01/2026 (A) | 5,253,000 | 5,404,602 | ||||||
Clearway Energy Operating LLC | ||||||||
3.75%, 02/15/2031 (A) | 2,875,000 | 2,875,000 | ||||||
4.75%, 03/15/2028 (A) | 3,167,000 | 3,357,020 | ||||||
|
| |||||||
| 27,066,604 | ||||||||
|
| |||||||
| Insurance - 1.6% | ||||||||
Global Atlantic Finance Co. | ||||||||
Fixed until 07/15/2026, | 5,575,000 | 5,655,410 | ||||||
Hartford Financial Services Group, Inc. | ||||||||
3-Month LIBOR + 2.13%, | 9,926,000 | 9,590,609 | ||||||
Lincoln National Corp. | ||||||||
3-Month LIBOR + 2.36%, | 14,233,000 | 12,807,690 | ||||||
Ohio National Financial Services, Inc. | ||||||||
5.55%, 01/24/2030 (A) | 6,816,000 | 7,909,302 | ||||||
|
| |||||||
| 35,963,011 | ||||||||
|
| |||||||
| IT Services - 0.9% | ||||||||
Gartner, Inc. | ||||||||
3.63%, 06/15/2029 (A) | 326,000 | 333,743 | ||||||
3.75%, 10/01/2030 (A) | 2,262,000 | 2,324,205 | ||||||
4.50%, 07/01/2028 (A) | 6,533,000 | 6,908,647 | ||||||
Rackspace Technology Global, Inc. | ||||||||
3.50%, 02/15/2028 (A) | 6,938,000 | 6,677,825 | ||||||
Square, Inc. | ||||||||
2.75%, 06/01/2026 (A) | 1,533,000 | 1,567,493 | ||||||
3.50%, 06/01/2031 (A) (B) | 1,571,000 | 1,629,912 | ||||||
|
| |||||||
| 19,441,825 | ||||||||
|
| |||||||
| Principal | Value | |||||||
| CORPORATE DEBT SECURITIES (continued) | ||||||||
| Leisure Products - 0.1% | ||||||||
Mattel, Inc. | ||||||||
3.15%, 03/15/2023 (B) | $ 1,554,000 | $ 1,585,080 | ||||||
5.45%, 11/01/2041 | 1,400,000 | 1,648,500 | ||||||
|
| |||||||
| 3,233,580 | ||||||||
|
| |||||||
| Life Sciences Tools & Services - 0.1% | ||||||||
Charles River Laboratories International, Inc. | ||||||||
3.75%, 03/15/2029 (A) | 1,438,000 | 1,475,747 | ||||||
4.00%, 03/15/2031 (A) (B) | 1,438,000 | 1,512,920 | ||||||
|
| |||||||
| 2,988,667 | ||||||||
|
| |||||||
| Machinery - 0.8% | ||||||||
Allison Transmission, Inc. | ||||||||
3.75%, 01/30/2031 (A) | 5,143,000 | 5,117,285 | ||||||
Madison IAQ LLC | ||||||||
4.13%, 06/30/2028 (A) | 675,000 | 675,992 | ||||||
5.88%, 06/30/2029 (A) | 994,000 | 1,004,636 | ||||||
Meritor, Inc. | ||||||||
4.50%, 12/15/2028 (A) | 883,000 | 903,927 | ||||||
SRM Escrow Issuer LLC | ||||||||
6.00%, 11/01/2028 (A) | 10,029,000 | 10,705,958 | ||||||
|
| |||||||
| 18,407,798 | ||||||||
|
| |||||||
| Media - 11.2% | ||||||||
Adelphia | ||||||||
10.25%, 06/15/2049 - 11/01/2049 (L) (M) (N) | 1,460,000 | 102 | ||||||
Adelphia Communications Corp. | ||||||||
9.25%, 10/01/2049 (L) (M) | 1,305,000 | 91 | ||||||
AMC Networks, Inc. | ||||||||
4.25%, 02/15/2029 | 7,690,000 | 7,690,000 | ||||||
CCO Holdings LLC / CCO Holdings Capital Corp. | ||||||||
4.25%, 02/01/2031 (A) | 4,808,000 | 4,952,240 | ||||||
4.50%, 08/15/2030 (A) | 6,451,000 | 6,773,550 | ||||||
4.50%, 05/01/2032 | 11,830,000 | 12,377,137 | ||||||
4.75%, 03/01/2030 (A) | 7,769,000 | 8,234,769 | ||||||
5.00%, 02/01/2028 (A) | 3,937,000 | 4,129,007 | ||||||
5.38%, 06/01/2029 (A) | 2,325,000 | 2,539,109 | ||||||
5.50%, 05/01/2026 (A) | 5,527,000 | 5,713,370 | ||||||
5.75%, 02/15/2026 (A) | 6,616,000 | 6,840,944 | ||||||
Clear Channel Outdoor Holdings, Inc. | ||||||||
7.50%, 06/01/2029 (A) | 5,055,000 | 5,240,013 | ||||||
7.75%, 04/15/2028 (A) (B) | 2,244,000 | 2,340,088 | ||||||
Clear Channel Worldwide Holdings, Inc. | ||||||||
5.13%, 08/15/2027 (A) | 8,606,000 | 8,835,780 | ||||||
CSC Holdings LLC | ||||||||
4.50%, 11/15/2031 (A) | 4,250,000 | 4,291,650 | ||||||
4.63%, 12/01/2030 (A) | 20,197,000 | 19,894,045 | ||||||
5.38%, 02/01/2028 (A) | 3,600,000 | 3,802,788 | ||||||
6.50%, 02/01/2029 (A) | 3,262,000 | 3,597,725 | ||||||
7.50%, 04/01/2028 (A) | 3,331,000 | 3,632,939 | ||||||
Diamond Sports Group LLC / Diamond Sports Finance Co. | ||||||||
5.38%, 08/15/2026 (A) | 10,476,000 | 6,076,080 | ||||||
6.63%, 08/15/2027 (A) | 609,000 | 241,316 | ||||||
DIRECTV Holdings LLC / DIRECTV Financing Co., Inc. | ||||||||
5.88%, 08/15/2027 (A) (H) | 1,930,000 | 1,992,725 | ||||||
DISH DBS Corp. | ||||||||
5.00%, 03/15/2023 | 4,230,000 | 4,404,488 | ||||||
5.88%, 07/15/2022 | 2,238,000 | 2,316,330 | ||||||
7.38%, 07/01/2028 (B) | 3,175,000 | 3,435,102 | ||||||
7.75%, 07/01/2026 | 5,143,000 | 5,869,449 | ||||||
Gray Television, Inc. | ||||||||
4.75%, 10/15/2030 (A) | 7,827,000 | 7,759,375 | ||||||
Transamerica Funds | Page 5 |
Transamerica High Yield Bond
SCHEDULE OF INVESTMENTS (continued)
At July 31, 2021
(unaudited)
| Principal | Value | |||||||
| CORPORATE DEBT SECURITIES (continued) | ||||||||
| Media (continued) | ||||||||
Gray Television, Inc. (continued) | ||||||||
7.00%, 05/15/2027 (A) | $ 8,433,000 | $ 9,026,430 | ||||||
iHeartCommunications, Inc. | ||||||||
6.38%, 05/01/2026 | 1,873,000 | 1,976,015 | ||||||
8.38%, 05/01/2027 | 4,351,000 | 4,628,333 | ||||||
LCPR Senior Secured Financing DAC | ||||||||
5.13%, 07/15/2029 (A) | 1,093,000 | 1,117,593 | ||||||
6.75%, 10/15/2027 (A) | 8,137,000 | 8,682,098 | ||||||
Meredith Corp. | ||||||||
6.50%, 07/01/2025 (A) | 5,807,000 | 6,257,042 | ||||||
Outfront Media Capital LLC / Outfront Media Capital Corp. | ||||||||
4.25%, 01/15/2029 (A) (B) | 5,213,000 | 5,239,065 | ||||||
Scripps Escrow II, Inc. | ||||||||
3.88%, 01/15/2029 (A) | 1,337,000 | 1,337,508 | ||||||
5.38%, 01/15/2031 (A) (B) | 1,572,000 | 1,568,070 | ||||||
Scripps Escrow, Inc. | ||||||||
5.88%, 07/15/2027 (A) | 2,358,000 | 2,440,530 | ||||||
Sinclair Television Group, Inc. | ||||||||
4.13%, 12/01/2030 (A) | 2,429,000 | 2,353,094 | ||||||
5.50%, 03/01/2030 (A) (B) | 6,395,000 | 6,387,006 | ||||||
Sirius XM Radio, Inc. | ||||||||
4.13%, 07/01/2030 (A) | 3,750,000 | 3,868,800 | ||||||
4.63%, 07/15/2024 (A) | 3,125,000 | 3,199,219 | ||||||
5.00%, 08/01/2027 (A) | 250,000 | 261,250 | ||||||
5.50%, 07/01/2029 (A) | 3,198,000 | 3,502,290 | ||||||
TEGNA, Inc. | ||||||||
4.63%, 03/15/2028 (B) | 3,058,000 | 3,149,740 | ||||||
4.75%, 03/15/2026 (A) | 2,229,000 | 2,365,526 | ||||||
Univision Communications, Inc. | ||||||||
6.63%, 06/01/2027 (A) | 5,599,000 | 6,020,661 | ||||||
9.50%, 05/01/2025 (A) | 979,000 | 1,069,558 | ||||||
UPC Broadband Finco BV | ||||||||
4.88%, 07/15/2031 (A) | 12,795,000 | 13,050,900 | ||||||
Virgin Media Finance PLC | ||||||||
5.00%, 07/15/2030 (A) | 5,449,000 | 5,544,357 | ||||||
Ziggo Bond Co. BV | ||||||||
6.00%, 01/15/2027 (A) | 3,225,000 | 3,346,196 | ||||||
Ziggo BV | ||||||||
5.50%, 01/15/2027 (A) | 11,363,000 | 11,791,584 | ||||||
|
| |||||||
| 251,163,077 | ||||||||
|
| |||||||
| Metals & Mining - 4.0% | ||||||||
Alcoa Nederland Holding BV |
| |||||||
4.13%, 03/31/2029 (A) (B) | 2,400,000 | 2,523,000 | ||||||
7.00%, 09/30/2026 (A) | 5,299,000 | 5,530,831 | ||||||
Big River Steel LLC / BRS Finance Corp. | ||||||||
6.63%, 01/31/2029 (A) | 4,153,000 | 4,563,109 | ||||||
Cleveland-Cliffs, Inc. | ||||||||
6.75%, 03/15/2026 (A) | 5,090,000 | 5,490,838 | ||||||
Constellium SE | ||||||||
5.63%, 06/15/2028 (A) | 2,233,000 | 2,380,936 | ||||||
5.88%, 02/15/2026 (A) | 7,605,000 | 7,797,026 | ||||||
First Quantum Minerals Ltd. | ||||||||
7.25%, 04/01/2023 (A) | 5,804,000 | 5,912,825 | ||||||
Freeport-McMoRan, Inc. | ||||||||
4.13%, 03/01/2028 | 3,142,000 | 3,291,245 | ||||||
4.25%, 03/01/2030 | 2,492,000 | 2,688,245 | ||||||
4.38%, 08/01/2028 | 4,277,000 | 4,528,274 | ||||||
4.55%, 11/14/2024 | 3,775,000 | 4,104,935 | ||||||
4.63%, 08/01/2030 (B) | 3,527,000 | 3,875,291 | ||||||
5.45%, 03/15/2043 | 6,153,000 | 7,909,312 | ||||||
Mineral Resources Ltd. | ||||||||
8.13%, 05/01/2027 (A) | 6,732,000 | 7,366,020 | ||||||
New Gold, Inc. | ||||||||
6.38%, 05/15/2025 (A) | 1,037,000 | 1,068,110 | ||||||
7.50%, 07/15/2027 (A) | 6,506,000 | 7,007,222 | ||||||
| Principal | Value | |||||||
| CORPORATE DEBT SECURITIES (continued) | ||||||||
| Metals & Mining (continued) | ||||||||
Novelis Corp. | ||||||||
3.25%, 11/15/2026 (A) (H) | $ 595,000 | $ 603,925 | ||||||
3.88%, 08/15/2031 (A) (H) | 612,000 | 618,267 | ||||||
4.75%, 01/30/2030 (A) | 4,021,000 | 4,281,601 | ||||||
5.88%, 09/30/2026 (A) | 6,914,000 | 7,164,287 | ||||||
|
| |||||||
| 88,705,299 | ||||||||
|
| |||||||
| Multiline Retail - 0.2% | ||||||||
Macy’s Retail Holdings LLC |
| |||||||
5.88%, 04/01/2029 (A) (B) | 1,849,000 | 1,950,418 | ||||||
Macy’s, Inc. | ||||||||
8.38%, 06/15/2025 (A) | 1,214,000 | 1,323,260 | ||||||
|
| |||||||
| 3,273,678 | ||||||||
|
| |||||||
| Oil, Gas & Consumable Fuels - 11.1% | ||||||||
Antero Midstream Partners, LP / Antero Midstream Finance Corp. | ||||||||
5.38%, 06/15/2029 (A) | 5,460,000 | 5,607,092 | ||||||
7.88%, 05/15/2026 (A) | 4,584,000 | 5,076,642 | ||||||
Antero Resources Corp. | ||||||||
8.38%, 07/15/2026 (A) | 874,000 | 988,800 | ||||||
Apache Corp. | ||||||||
4.25%, 01/15/2044 (B) | 3,209,000 | 3,144,178 | ||||||
4.38%, 10/15/2028 (B) | 3,338,000 | 3,536,377 | ||||||
4.63%, 11/15/2025 | 2,193,000 | 2,357,475 | ||||||
4.75%, 04/15/2043 | 1,669,000 | 1,714,898 | ||||||
4.88%, 11/15/2027 | 725,000 | 779,237 | ||||||
Bonanza Creek Energy, Inc. | ||||||||
7.50%, 04/30/2026 | 651,618 | 655,352 | ||||||
Callon Petroleum Co. | ||||||||
6.13%, 10/01/2024 | 8,134,000 | 7,606,917 | ||||||
6.38%, 07/01/2026 | 2,575,000 | 2,304,625 | ||||||
8.00%, 08/01/2028 (A) (B) | 813,000 | 763,740 | ||||||
8.25%, 07/15/2025 | 4,645,000 | 4,366,300 | ||||||
Cheniere Corpus Christi Holdings LLC | ||||||||
5.88%, 03/31/2025 | 2,801,000 | 3,200,447 | ||||||
Cheniere Energy Partners, LP | ||||||||
4.00%, 03/01/2031 (A) | 5,672,000 | 5,999,842 | ||||||
5.63%, 10/01/2026 | 4,733,000 | 4,887,343 | ||||||
Cheniere Energy, Inc. | ||||||||
4.63%, 10/15/2028 | 2,121,000 | 2,236,255 | ||||||
Comstock Resources, Inc. | ||||||||
5.88%, 01/15/2030 (A) | 2,054,000 | 2,064,917 | ||||||
CrownRock, LP / CrownRock Finance, Inc. | ||||||||
5.00%, 05/01/2029 (A) | 223,000 | 232,769 | ||||||
5.63%, 10/15/2025 (A) | 14,636,000 | 15,001,900 | ||||||
DCP Midstream Operating, LP | ||||||||
5.38%, 07/15/2025 | 5,293,000 | 5,848,765 | ||||||
DCP Midstream, LP | ||||||||
Fixed until 12/15/2022 (D), | 6,398,000 | 6,219,082 | ||||||
Devon Energy Corp. | ||||||||
5.88%, 06/15/2028 (A) | 3,310,000 | 3,656,709 | ||||||
DT Midstream, Inc. | ||||||||
4.13%, 06/15/2029 (A) | 3,338,000 | 3,423,453 | ||||||
4.38%, 06/15/2031 (A) (B) | 835,000 | 866,313 | ||||||
eG Global Finance PLC | ||||||||
6.75%, 02/07/2025 (A) | 5,529,000 | 5,660,314 | ||||||
8.50%, 10/30/2025 (A) | 2,947,000 | 3,086,983 | ||||||
EQM Midstream Partners, LP | ||||||||
6.00%, 07/01/2025 (A) | 1,507,000 | 1,641,244 | ||||||
6.50%, 07/01/2027 (A) | 2,980,000 | 3,345,050 | ||||||
Hess Midstream Operations, LP | ||||||||
5.13%, 06/15/2028 (A) | 4,881,000 | 5,112,847 | ||||||
Kinder Morgan, Inc. | ||||||||
8.05%, 10/15/2030 | 2,486,000 | 3,487,034 | ||||||
Transamerica Funds | Page 6 |
Transamerica High Yield Bond
SCHEDULE OF INVESTMENTS (continued)
At July 31, 2021
(unaudited)
| Principal | Value | |||||||
| CORPORATE DEBT SECURITIES (continued) | ||||||||
| Oil, Gas & Consumable Fuels (continued) | ||||||||
Moss Creek Resources Holdings, Inc. | ||||||||
7.50%, 01/15/2026 (A) | $ 853,000 | $ 763,435 | ||||||
10.50%, 05/15/2027 (A) | 3,210,000 | 3,081,600 | ||||||
NuStar Logistics, LP | ||||||||
5.63%, 04/28/2027 | 4,354,000 | 4,671,015 | ||||||
5.75%, 10/01/2025 | 1,223,000 | 1,333,070 | ||||||
6.00%, 06/01/2026 | 531,000 | 573,480 | ||||||
Oasis Midstream Partners, LP / OMP Finance Corp. | ||||||||
8.00%, 04/01/2029 (A) | 9,655,000 | 10,041,200 | ||||||
Oasis Petroleum, Inc. | ||||||||
6.38%, 06/01/2026 (A) | 3,296,000 | 3,411,360 | ||||||
Occidental Petroleum Corp. | ||||||||
2.90%, 08/15/2024 | 12,466,000 | 12,559,495 | ||||||
5.88%, 09/01/2025 | 4,668,000 | 5,175,132 | ||||||
6.13%, 01/01/2031 | 871,000 | 1,028,956 | ||||||
6.45%, 09/15/2036 | 9,951,000 | 12,035,237 | ||||||
6.63%, 09/01/2030 | 5,228,000 | 6,378,160 | ||||||
Ovintiv, Inc. | ||||||||
7.38%, 11/01/2031 | 4,463,000 | 6,023,250 | ||||||
Parkland Corp. | ||||||||
4.50%, 10/01/2029 (A) | 1,943,000 | 1,998,774 | ||||||
5.88%, 07/15/2027 (A) | 3,894,000 | 4,151,978 | ||||||
PDC Energy, Inc. | ||||||||
6.13%, 09/15/2024 | 9,857,000 | 10,029,497 | ||||||
SM Energy Co. | ||||||||
5.63%, 06/01/2025 | 1,160,000 | 1,136,754 | ||||||
6.50%, 07/15/2028 (B) | 512,000 | 509,870 | ||||||
6.63%, 01/15/2027 (B) | 4,965,000 | 4,952,587 | ||||||
6.75%, 09/15/2026 (B) | 4,303,000 | 4,270,082 | ||||||
Southwestern Energy Co. | ||||||||
7.50%, 04/01/2026 (B) | 7,310,000 | 7,720,968 | ||||||
Summit Midstream Holdings LLC / Summit Midstream Finance Corp. | ||||||||
5.75%, 04/15/2025 | 4,578,000 | 4,211,760 | ||||||
Summit Midstream Partners, LP | ||||||||
Fixed until 12/15/2022 (D), | 4,423,000 | 3,671,090 | ||||||
Targa Resources Partners, LP / Targa Resources Partners Finance Corp. | ||||||||
4.00%, 01/15/2032 (A) | 2,747,000 | 2,839,601 | ||||||
4.88%, 02/01/2031 (A) | 7,857,000 | 8,495,381 | ||||||
5.00%, 01/15/2028 | 3,140,000 | 3,301,773 | ||||||
5.50%, 03/01/2030 | 4,336,000 | 4,774,586 | ||||||
5.88%, 04/15/2026 (B) | 2,030,000 | 2,123,888 | ||||||
6.50%, 07/15/2027 | 1,228,000 | 1,333,915 | ||||||
|
| |||||||
| 247,470,794 | ||||||||
|
| |||||||
| Personal Products - 0.2% | ||||||||
Coty, Inc. | ||||||||
5.00%, 04/15/2026 (A) | 5,205,000 | 5,244,037 | ||||||
|
| |||||||
| Pharmaceuticals - 2.3% | ||||||||
Bausch Health Americas, Inc. | ||||||||
8.50%, 01/31/2027 (A) | 5,188,000 | 5,609,032 | ||||||
9.25%, 04/01/2026 (A) | 2,121,000 | 2,295,982 | ||||||
Bausch Health Cos., Inc. | ||||||||
5.00%, 01/30/2028 - 02/15/2029 (A) | 2,425,000 | 2,285,439 | ||||||
5.25%, 01/30/2030 - 02/15/2031 (A) | 3,033,000 | 2,850,051 | ||||||
5.50%, 11/01/2025 (A) | 1,745,000 | 1,782,081 | ||||||
6.13%, 04/15/2025 (A) | 6,282,000 | 6,411,566 | ||||||
7.00%, 01/15/2028 (A) | 3,255,000 | 3,417,750 | ||||||
9.00%, 12/15/2025 (A) | 1,753,000 | 1,871,328 | ||||||
Endo Dac / Endo Finance LLC / Endo Finco, Inc. | ||||||||
6.00%, 06/30/2028 (A) | 5,260,000 | 3,550,500 | ||||||
9.50%, 07/31/2027 (A) (B) | 3,289,000 | 3,299,525 | ||||||
| Principal | Value | |||||||
| CORPORATE DEBT SECURITIES (continued) | ||||||||
| Pharmaceuticals (continued) | ||||||||
Endo Luxembourg Finance Co. I SARL / Endo US, Inc. | ||||||||
6.13%, 04/01/2029 (A) | $ 3,300,000 | $ 3,279,375 | ||||||
Organon & Co. / Organon Foreign Debt Co-Issuer BV | ||||||||
4.13%, 04/30/2028 (A) | 4,260,000 | 4,368,247 | ||||||
5.13%, 04/30/2031 (A) | 2,195,000 | 2,260,850 | ||||||
Par Pharmaceutical, Inc. | ||||||||
7.50%, 04/01/2027 (A) | 8,513,000 | 8,683,260 | ||||||
|
| |||||||
| 51,964,986 | ||||||||
|
| |||||||
| Real Estate Management & Development - 0.2% | ||||||||
Cushman & Wakefield US Borrower LLC | ||||||||
6.75%, 05/15/2028 (A) | 4,118,000 | 4,425,820 | ||||||
|
| |||||||
| Road & Rail - 1.0% | ||||||||
Avolon Holdings Funding Ltd. | ||||||||
5.13%, 10/01/2023 (A) | 3,558,000 | 3,845,551 | ||||||
5.25%, 05/15/2024 (A) | 2,500,000 | 2,754,157 | ||||||
Park Aerospace Holdings Ltd. | ||||||||
5.25%, 08/15/2022 (A) | 971,000 | 1,012,984 | ||||||
Uber Technologies, Inc. | ||||||||
7.50%, 09/15/2027 (A) | 8,466,000 | 9,250,798 | ||||||
8.00%, 11/01/2026 (A) | 5,886,000 | 6,305,377 | ||||||
|
| |||||||
| 23,168,867 | ||||||||
|
| |||||||
| Semiconductors & Semiconductor Equipment - 0.0% | ||||||||
Ultratech, Inc. | ||||||||
6.88%, 04/15/2022 (E) (G) (J) (L) (M) | 811,000 | 0 | ||||||
7.13%, 04/15/2025 (G) (L) (M) | 3,098,000 | 0 | ||||||
|
| |||||||
| 0 | ||||||||
|
| |||||||
| Software - 0.8% | ||||||||
Crowdstrike Holdings, Inc. | ||||||||
3.00%, 02/15/2029 | 6,095,000 | 6,186,425 | ||||||
Helios Software Holdings, Inc. / ION Corp. Solutions Finance SARL | ||||||||
4.63%, 05/01/2028 (A) | 7,057,000 | 6,951,145 | ||||||
Open Text Corp. | ||||||||
3.88%, 02/15/2028 (A) | 5,098,000 | 5,263,685 | ||||||
|
| |||||||
| 18,401,255 | ||||||||
|
| |||||||
| Specialty Retail - 1.4% | ||||||||
L Brands, Inc. | ||||||||
5.25%, 02/01/2028 | 2,117,000 | 2,381,625 | ||||||
6.63%, 10/01/2030 (A) | 2,292,000 | 2,635,800 | ||||||
6.75%, 07/01/2036 | 2,541,000 | 3,239,775 | ||||||
6.88%, 11/01/2035 | 1,903,000 | 2,447,734 | ||||||
7.50%, 06/15/2029 (B) | 4,485,000 | 5,196,993 | ||||||
9.38%, 07/01/2025 (A) | 907,000 | 1,175,699 | ||||||
Sally Holdings LLC / Sally Capital, Inc. | ||||||||
8.75%, 04/30/2025 (A) | 4,968,000 | 5,399,446 | ||||||
Staples, Inc. | ||||||||
7.50%, 04/15/2026 (A) | 7,590,000 | 7,703,850 | ||||||
|
| |||||||
| 30,180,922 | ||||||||
|
| |||||||
| Technology Hardware, Storage & Peripherals - 1.7% | ||||||||
Dell International LLC / EMC Corp. | ||||||||
4.90%, 10/01/2026 | 2,078,000 | 2,421,568 | ||||||
6.02%, 06/15/2026 | 2,070,000 | 2,491,452 | ||||||
7.13%, 06/15/2024 (A) | 6,473,000 | 6,622,462 | ||||||
NCR Corp. | ||||||||
5.00%, 10/01/2028 (A) | 2,808,000 | 2,892,240 | ||||||
5.13%, 04/15/2029 (A) | 4,740,000 | 4,933,582 | ||||||
5.25%, 10/01/2030 (A) (B) | 2,215,000 | 2,331,288 | ||||||
5.75%, 09/01/2027 (A) | 1,656,000 | 1,747,080 | ||||||
6.13%, 09/01/2029 (A) | 4,085,000 | 4,430,223 | ||||||
Transamerica Funds | Page 7 |
Transamerica High Yield Bond
SCHEDULE OF INVESTMENTS (continued)
At July 31, 2021
(unaudited)
| Principal | Value | |||||||
| CORPORATE DEBT SECURITIES (continued) | ||||||||
| Technology Hardware, Storage & Peripherals (continued) | ||||||||
Seagate HDD Cayman | ||||||||
4.13%, 01/15/2031 (A) | $ 452,000 | $ 472,905 | ||||||
4.88%, 03/01/2024 | 4,325,000 | 4,691,154 | ||||||
Western Digital Corp. | ||||||||
4.75%, 02/15/2026 (B) | 5,292,000 | 5,874,120 | ||||||
|
| |||||||
| 38,908,074 | ||||||||
|
| |||||||
| Trading Companies & Distributors - 0.5% | ||||||||
United Rentals North America, Inc. | ||||||||
3.75%, 01/15/2032 (H) | 3,473,000 | 3,473,000 | ||||||
4.00%, 07/15/2030 | 7,513,000 | 7,804,129 | ||||||
|
| |||||||
| 11,277,129 | ||||||||
|
| |||||||
| Wireless Telecommunication Services - 2.1% | ||||||||
Altice France SA | ||||||||
7.38%, 05/01/2026 (A) | 3,729,000 | 3,878,160 | ||||||
8.13%, 02/01/2027 (A) | 2,300,000 | 2,490,348 | ||||||
Sprint Corp. | ||||||||
7.13%, 06/15/2024 | 10,138,000 | 11,656,165 | ||||||
7.25%, 09/15/2021 | 2,071,000 | 2,084,462 | ||||||
7.63%, 03/01/2026 | 1,850,000 | 2,259,757 | ||||||
T-Mobile USA, Inc. | ||||||||
2.25%, 02/15/2026 | 1,363,000 | 1,378,334 | ||||||
2.63%, 02/15/2029 | 1,439,000 | 1,439,295 | ||||||
2.88%, 02/15/2031 | 1,460,000 | 1,468,132 | ||||||
3.38%, 04/15/2029 (A) | 4,097,000 | 4,265,755 | ||||||
4.00%, 04/15/2022 | 1,493,000 | 1,518,665 | ||||||
4.50%, 02/01/2026 | 5,104,000 | 5,222,668 | ||||||
Vmed O2 Financing I PLC | ||||||||
4.25%, 01/31/2031 (A) | 4,955,000 | 4,905,450 | ||||||
4.75%, 07/15/2031 (A) | 3,279,000 | 3,349,072 | ||||||
|
| |||||||
| 45,916,263 | ||||||||
|
| |||||||
Total Corporate Debt Securities |
| 2,099,746,681 | ||||||
|
| |||||||
| LOAN ASSIGNMENTS - 2.1% | ||||||||
| Communications Equipment - 0.3% | ||||||||
Avaya, Inc. | ||||||||
Term Loan B, | ||||||||
1-Month LIBOR + 4.25%, | 5,009,865 | 5,017,024 | ||||||
Term Loan B2, | ||||||||
1-Month LIBOR + 4.00%, | 2,625,000 | 2,626,874 | ||||||
|
| |||||||
| 7,643,898 | ||||||||
|
| |||||||
| Containers & Packaging - 0.4% | ||||||||
Reynolds Group Holdings, Inc. | ||||||||
Term Loan, | ||||||||
1-Month LIBOR + 2.75%, | 8,500,000 | 8,469,307 | ||||||
|
| |||||||
| Diversified Telecommunication Services - 0.5% | ||||||||
Frontier Communications Corp. | ||||||||
Term Loan B, | ||||||||
1-Month LIBOR + 3.75%, | 6,541,605 | 6,529,340 | ||||||
Zayo Group Holdings, Inc. | ||||||||
Term Loan, | ||||||||
1-Month LIBOR + 3.00%, | 4,476,329 | 4,400,231 | ||||||
|
| |||||||
| 10,929,571 | ||||||||
|
| |||||||
| Principal | Value | |||||||
| LOAN ASSIGNMENTS (continued) | ||||||||
| Equity Real Estate Investment Trusts - 0.3% | ||||||||
CBL & Associates, LP | ||||||||
Revolver, | ||||||||
3-Month LIBOR + 1.25%, | $ 6,440,000 | $ 5,184,200 | ||||||
Term Loan, | ||||||||
TBD, 07/28/2023 (H) (O) | 785,000 | 634,280 | ||||||
|
| |||||||
| 5,818,480 | ||||||||
|
| |||||||
| Hotels, Restaurants & Leisure - 0.4% | ||||||||
Connect Finco SARL | ||||||||
Term Loan B, | ||||||||
1-Month LIBOR + 3.50%, | 10,227,324 | 10,216,370 | ||||||
|
| |||||||
| Interactive Media & Services - 0.2% | ||||||||
Adevinta ASA | ||||||||
Term Loan B, | ||||||||
TBD, 04/20/2028 (H) (O) | 3,700,000 | 3,693,063 | ||||||
|
| |||||||
Total Loan Assignments |
| 46,770,689 | ||||||
|
| |||||||
| Shares | Value | |||||||
| COMMON STOCKS - 1.3% | ||||||||
| Building Products - 0.6% | ||||||||
AMH New Finance, Inc. (E) (L) (M) | 1,593,380 | 12,189,358 | ||||||
|
| |||||||
| Chemicals - 0.2% | ||||||||
Hexion Holdings Corp., Class B (E) (L) | 273,716 | 5,351,148 | ||||||
|
| |||||||
| Electric Utilities - 0.0% (P) | ||||||||
Homer City Generation LLC (E) (I) (L) (M) | 270,659 | 2,707 | ||||||
|
| |||||||
| Oil, Gas & Consumable Fuels - 0.5% | ||||||||
Bonanza Creek Energy, Inc. | 60,693 | 2,334,860 | ||||||
EP Energy Corp. (E) (L) | 33,869 | 3,353,031 | ||||||
Oasis Petroleum, Inc. | 56,146 | 5,149,149 | ||||||
|
| |||||||
| 10,837,040 | ||||||||
|
| |||||||
| Software - 0.0% (P) | ||||||||
ASG WT Corp. (L) (M) | 1,265 | 96,304 | ||||||
|
| |||||||
Total Common Stocks |
| 28,476,557 | ||||||
|
| |||||||
| PREFERRED STOCK - 0.1% | ||||||||
| Banks - 0.1% | ||||||||
GMAC Capital Trust I, | ||||||||
Series 2, 3-Month LIBOR + 5.79%, | 86,249 | 2,296,811 | ||||||
|
| |||||||
Total Preferred Stock |
| 2,296,811 | ||||||
|
| |||||||
| OTHER INVESTMENT COMPANY - 3.9% | ||||||||
| Securities Lending Collateral - 3.9% | ||||||||
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, | 88,200,001 | 88,200,001 | ||||||
|
| |||||||
Total Other Investment Company |
| 88,200,001 | ||||||
|
| |||||||
Transamerica Funds | Page 8 |
Transamerica High Yield Bond
SCHEDULE OF INVESTMENTS (continued)
At July 31, 2021
(unaudited)
| Principal | Value | |||||||
| REPURCHASE AGREEMENT - 2.1% | ||||||||
Fixed Income Clearing Corp., 0.00% (Q), dated 07/30/2021, to be repurchased at $47,557,792 on 08/02/2021. Collateralized by a U.S. Government Obligation, 0.13%, due 04/30/2023, and with a value of $48,509,004. | $ 47,557,792 | $ 47,557,792 | ||||||
|
| |||||||
Total Repurchase Agreement |
| 47,557,792 | ||||||
|
| |||||||
Total Investments |
| 2,313,048,531 | ||||||
Net Other Assets (Liabilities) - (3.5)% | (78,432,111 | ) | ||||||
|
| |||||||
Net Assets - 100.0% | $ 2,234,616,420 | |||||||
|
| |||||||
INVESTMENT VALUATION:
Valuation Inputs (R)
| Level 1 - Unadjusted Quoted Prices | Level 2 - Other Significant Observable Inputs | Level 3 - Significant Unobservable Inputs (S) | Value | |||||||||||||
ASSETS | ||||||||||||||||
Investments | ||||||||||||||||
Corporate Debt Securities | $ | — | $ | 2,099,746,488 | $ | 193 | $ | 2,099,746,681 | ||||||||
Loan Assignments | — | 46,770,689 | — | 46,770,689 | ||||||||||||
Common Stocks | 7,484,009 | 8,704,179 | 12,288,369 | 28,476,557 | ||||||||||||
Preferred Stock | 2,296,811 | — | — | 2,296,811 | ||||||||||||
Other Investment Company | 88,200,001 | — | — | 88,200,001 | ||||||||||||
Repurchase Agreement | — | 47,557,792 | — | 47,557,792 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | $ | 97,980,821 | $ | 2,202,779,148 | $ | 12,288,562 | $ | 2,313,048,531 | ||||||||
|
|
|
|
|
|
|
| |||||||||
FOOTNOTES TO SCHEDULE OF INVESTMENTS:
| (A) | Securities are exempt from registration pursuant to Rule 144A of the Securities Act of 1933. Securities may be resold as transactions exempt from registration, normally to qualified institutional buyers. At July 31, 2021, the total value of 144A securities is $1,419,698,890, representing 63.5% of the Fund’s net assets. | |
| (B) | All or a portion of the securities are on loan. The total value of all securities on loan is $89,018,424, collateralized by cash collateral of $88,200,001 and non-cash collateral, such as U.S. government securities and irrevocable letters of credit, of $2,681,613. 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) | 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. | |
| (D) | Perpetual maturity. The date displayed is the next call date. | |
| (E) | Non-income producing securities. | |
| (F) | Payment in-kind. Securities pay interest or dividends in the form of additional bonds or preferred stock. If the securities make a cash payment in addition to in-kind, the cash rate is disclosed separately. | |
| (G) | Securities deemed worthless. | |
| (H) | 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. |
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Transamerica High Yield Bond
SCHEDULE OF INVESTMENTS (continued)
At July 31, 2021
(unaudited)
FOOTNOTES TO SCHEDULE OF INVESTMENTS (continued):
| (I) | Restricted securities. At July 31, 2021, the value of such securities held by the Fund are as follows: |
Investments | Description | Acquisition Date | Acquisition Cost | Value | Value as Percentage of Net Assets | |||||||||||||
Corporate Debt Securities | Avation Capital SA PIK Rate 9.00%, Cash Rate 8.25%, 10/31/2026 | 05/03/2018 - 07/14/2021 | $ | 5,381,727 | $ | 5,000,212 | 0.2 | % | ||||||||||
Common Stocks | Homer City Generation LLC | 01/10/2011 - 03/24/2017 | 13,906,767 | 2,707 | 0.0 | (P) | ||||||||||||
Preferred Stock | GMAC Capital Trust I, Series 2, 3-Month LIBOR + 5.79%, 5.94% | 04/22/2013 - 10/22/2014 | 2,321,021 | 2,296,811 | 0.1 | |||||||||||||
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Total | $ | 21,609,515 | $ | 7,299,730 | 0.3 | % | ||||||||||||
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| (J) | Securities in default; no interest payments received and/or dividends declared during the last 12 months. At July 31, 2021, the total value of such securities is $1,817,070, representing 0.1% of the Fund’s net assets. | |
| (K) | Securities in default; partial receipt of interest payments and/or dividends declared at last payment date. At July 31, 2021, the total value of such securities is $4,953,315, representing 0.2% of the Fund’s net assets. | |
| (L) | 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 $20,992,741, representing 0.9% of the Fund’s net assets. | |
| (M) | Securities are Level 3 of the fair value hierarchy. | |
| (N) | Escrow position. Position represents remaining escrow balance expected to be received upon finalization of restructuring. | |
| (O) | All or a portion of the security represents unsettled loan commitments at July 31, 2021 where the rate will be determined at time of settlement. | |
| (P) | Percentage rounds to less than 0.1% or (0.1)%. | |
| (Q) | Rates disclosed reflect the yields at July 31, 2021. | |
| (R) | 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. | |
| (S) | Level 3 securities were not considered significant to the Fund. |
PORTFOLIO ABBREVIATIONS:
CMT | Constant Maturity Treasury | |
LIBOR | London Interbank Offered Rate | |
TBD | To Be Determined |
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Transamerica High Yield Bond
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.
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:
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.
Loan assignments: Loan assignments are normally valued using an income approach, which projects future cash flows and converts those future cash flows to a present value using a discount rate. The resulting present value reflects the likely fair value of the loan. To the extent the inputs are observable and timely, the values would generally be categorized in Level 2 of the fair value hierarchy; otherwise are categorized in Level 3.
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.
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.
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.
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