Transamerica Emerging Markets Opportunities
SCHEDULE OF INVESTMENTS
At January 31, 2022
(unaudited)
| Shares | Value | |||||||
| COMMON STOCKS - 92.1% | ||||||||
| Brazil - 3.4% | ||||||||
Energisa SA | 583,736 | $ 4,798,417 | ||||||
Localiza Rent a Car SA | 232,200 | 2,562,460 | ||||||
Magazine Luiza SA | 1,069,976 | 1,410,488 | ||||||
Notre Dame Intermedica Participacoes SA | 302,700 | 4,058,726 | ||||||
Petroleo Brasileiro SA | 2,008,451 | 13,340,251 | ||||||
Raia Drogasil SA | 913,129 | 3,982,612 | ||||||
Vale SA, ADR | 1,002,258 | 15,214,277 | ||||||
|
| |||||||
| 45,367,231 | ||||||||
|
| |||||||
| China - 37.1% | ||||||||
Airtac International Group | 137,635 | 4,832,231 | ||||||
Alibaba Group Holding Ltd. (A) | 1,657,069 | 25,972,173 | ||||||
Amoy Diagnostics Co. Ltd., A Shares | 205,551 | 1,867,631 | ||||||
Angang Steel Co. Ltd., A Shares | 2,941,500 | 1,641,930 | ||||||
Angang Steel Co. Ltd., H Shares | 888,000 | 389,658 | ||||||
Anhui Conch Cement Co. Ltd., H Shares | 586,500 | 3,102,307 | ||||||
ANTA Sports Products Ltd. | 955,228 | 14,343,006 | ||||||
Asymchem Laboratories Tianjin Co. Ltd., H Shares (A) (B) | 67,900 | 2,363,466 | ||||||
Baidu, Inc., Class A (A) | 562,850 | 11,149,429 | ||||||
Baoshan Iron & Steel Co. Ltd., A Shares | 2,642,300 | 2,946,838 | ||||||
BeiGene Ltd., ADR (A) | 13,902 | 3,372,347 | ||||||
BYD Co. Ltd., H Shares | 142,500 | 4,214,730 | ||||||
China Construction Bank Corp., H Shares | 29,034,922 | 22,279,898 | ||||||
China Longyuan Power Group Corp. Ltd., H Shares | 6,700,175 | 13,670,288 | ||||||
China Merchants Bank Co. Ltd., H Shares | 1,661,068 | 13,883,407 | ||||||
China National Building Material Co. Ltd., H Shares | 4,048,000 | 5,257,753 | ||||||
China Pacific Insurance Group Co. Ltd., H Shares | 1,668,488 | 5,079,206 | ||||||
China Tourism Group Duty Free Corp. Ltd., A Shares | 352,106 | 11,549,816 | ||||||
CIFI Holdings Group Co. Ltd. | 7,322,272 | 4,780,060 | ||||||
Contemporary Amperex Technology Co. Ltd., A Shares | 315,600 | 30,482,916 | ||||||
Country Garden Services Holdings Co. Ltd. | 800,079 | 4,726,234 | ||||||
CSC Financial Co. Ltd., H Shares (B) (C) | 5,846,033 | 6,589,138 | ||||||
CSPC Pharmaceutical Group Ltd. | 2,431,981 | 2,955,803 | ||||||
ENN Energy Holdings Ltd. | 337,536 | 5,373,663 | ||||||
Ganfeng Lithium Co. Ltd., H Shares (B) | 427,692 | 6,796,166 | ||||||
Glodon Co. Ltd., A Shares | 219,800 | 2,140,755 | ||||||
Guangzhou Tinci Materials Technology Co. Ltd., A Shares | 259,000 | 3,903,664 | ||||||
Hangzhou Tigermed Consulting Co. Ltd., A Shares | 47,400 | 780,404 | ||||||
Hangzhou Tigermed Consulting Co. Ltd., H Shares (B) | 168,100 | 1,760,989 | ||||||
Hualan Biological Engineering, Inc., A Shares | 309,700 | 1,238,227 | ||||||
Industrial & Commercial Bank of China Ltd., H Shares | 23,947,503 | 14,508,479 | ||||||
Inner Mongolia Yili Industrial Group Co. Ltd., A Shares | 304,200 | 1,835,131 | ||||||
JD.com, Inc., ADR (A) | 111,053 | 8,315,649 | ||||||
JD.com, Inc., Class A (A) | 101,188 | 3,835,166 | ||||||
KE Holdings, Inc., ADR (A) | 269,726 | 5,877,330 | ||||||
Kingdee International Software Group Co. Ltd. (A) | 2,336,000 | 5,352,573 | ||||||
LI Ning Co. Ltd. | 1,362,552 | 13,295,781 | ||||||
Longfor Group Holdings Ltd. (B) | 1,233,896 | 7,401,927 | ||||||
| Shares | Value | |||||||
| COMMON STOCKS (continued) | ||||||||
| China (continued) | ||||||||
Meituan, Class B (A) (B) | 530,712 | $ 15,833,444 | ||||||
Microport Scientific Corp. | 336,900 | 971,037 | ||||||
NetEase, Inc. | 230,700 | 4,816,897 | ||||||
New Oriental Education & Technology Group, Inc., ADR (A) | 376,849 | 538,894 | ||||||
Ping An Insurance Group Co. of China Ltd., H Shares | 1,665,158 | 13,214,394 | ||||||
Proya Cosmetics Co. Ltd., A Shares | 183,651 | 4,911,034 | ||||||
Remegen Co. Ltd., H Shares (A) (B) | 76,500 | 505,054 | ||||||
Sany Heavy Industry Co. Ltd., A Shares | 578,100 | 1,846,098 | ||||||
Shandong Weigao Group Medical Polymer Co. Ltd., H Shares | 3,317,078 | 4,087,940 | ||||||
Shanghai Putailai New Energy Technology Co. Ltd., A Shares | 198,000 | 4,480,532 | ||||||
Shenzhen Mindray Bio-Medical Electronics Co. Ltd., A Shares | 78,100 | 3,966,501 | ||||||
Sinoma Science & Technology Co. Ltd., A Shares | 960,800 | 4,488,315 | ||||||
Sunac China Holdings Ltd. | 1,482,873 | 1,827,376 | ||||||
TAL Education Group, ADR (A) | 95,398 | 272,838 | ||||||
Tencent Holdings Ltd. | 1,343,502 | 84,186,891 | ||||||
Trip.Com Group Ltd., ADR (A) | 227,448 | 6,052,391 | ||||||
Trip.com Group Ltd. (A) | 94,600 | 2,517,327 | ||||||
Wuliangye Yibin Co. Ltd., A Shares | 25,800 | 812,203 | ||||||
WuXi AppTec Co. Ltd., H Shares (B) | 296,448 | 4,252,031 | ||||||
Wuxi Biologics Cayman, Inc. (A) (B) | 148,325 | 1,486,627 | ||||||
Wuxi Lead Intelligent Equipment Co. Ltd., A Shares | 181,300 | 2,084,038 | ||||||
XPeng, Inc., ADR (A) | 462,705 | 16,236,318 | ||||||
XPeng, Inc., A Shares (A) | 120,400 | 2,099,939 | ||||||
Yatsen Holding Ltd., ADR (A) | 1,570,593 | 2,591,478 | ||||||
Yifeng Pharmacy Chain Co. Ltd., A Shares | 504,588 | 3,953,486 | ||||||
Yihai International Holding Ltd. (A) (C) | 1,351,241 | 5,768,415 | ||||||
Yunnan Botanee Bio-Technology Group Co. Ltd., A Shares | 58,100 | 1,536,165 | ||||||
Yunnan Energy New Material Co. Ltd., A Shares | 222,701 | 8,956,575 | ||||||
Zai Lab Ltd., ADR (A) | 28,993 | 1,440,082 | ||||||
Zai Lab Ltd. (A) | 25,118 | 1,186,454 | ||||||
Zhejiang Huayou Cobalt Co. Ltd., A Shares | 187,400 | 2,947,261 | ||||||
Zhongsheng Group Holdings Ltd. | 548,500 | 4,213,641 | ||||||
|
| |||||||
| 493,947,845 | ||||||||
|
| |||||||
| Czech Republic - 1.0% | ||||||||
Komercni Banka AS | 296,212 | 13,135,019 | ||||||
|
| |||||||
| Greece - 0.4% | ||||||||
Hellenic Telecommunications Organization SA | 277,436 | 5,392,616 | ||||||
|
| |||||||
| Hong Kong - 2.2% | ||||||||
AIA Group Ltd. | 1,501,941 | 15,679,979 | ||||||
China Gas Holdings Ltd. | 4,157,206 | 7,063,016 | ||||||
China Overseas Land & Investment Ltd. | 684,000 | 2,018,810 | ||||||
CITIC Ltd. | 1,189,000 | 1,335,372 | ||||||
ESR Cayman Ltd. (A) (B) | 601,383 | 2,039,109 | ||||||
Melco Resorts & Entertainment Ltd., ADR (A) | 106,801 | 1,127,818 | ||||||
|
| |||||||
| 29,264,104 | ||||||||
|
| |||||||
| India - 8.7% | ||||||||
Ambuja Cements Ltd. | 89,457 | 440,213 | ||||||
Axis Bank Ltd., GDR (A) | 207,661 | 10,860,670 | ||||||
Axis Bank Ltd. (A) | 517,419 | 5,404,354 | ||||||
Bharti Airtel Ltd. (A) | 2,106,890 | 20,181,560 | ||||||
Dabur India Ltd. | 31,900 | 230,764 | ||||||
Hindustan Unilever Ltd. | 128,506 | 3,934,891 | ||||||
Transamerica Funds | Page 1 |
Transamerica Emerging Markets Opportunities
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2022
(unaudited)
| Shares | Value | |||||||
| COMMON STOCKS (continued) | ||||||||
| India (continued) | ||||||||
ICICI Bank Ltd., ADR (C) | 642,065 | $ 13,952,073 | ||||||
Infosys Ltd., ADR | 426,806 | 10,059,817 | ||||||
Kotak Mahindra Bank Ltd. | 488,880 | 12,255,398 | ||||||
Mahindra & Mahindra Ltd., GDR | 781,642 | 9,340,622 | ||||||
Mahindra & Mahindra Ltd. | 235,209 | 2,807,581 | ||||||
Power Grid Corp. of India Ltd. | 1,780,248 | 5,163,281 | ||||||
Reliance Industries Ltd., GDR (B) | 134,149 | 8,551,999 | ||||||
Reliance Industries Ltd. | 332,714 | 10,710,973 | ||||||
Tata Steel Ltd. | 136,765 | 2,015,649 | ||||||
|
| |||||||
| 115,909,845 | ||||||||
|
| |||||||
| Indonesia - 2.3% | ||||||||
Bank Central Asia Tbk PT | 17,124,163 | 9,108,291 | ||||||
Bank Rakyat Indonesia Persero Tbk PT | 46,625,732 | 13,271,334 | ||||||
Telkom Indonesia Persero Tbk PT | 25,684,900 | 7,522,479 | ||||||
Unilever Indonesia Tbk PT | 4,618,748 | 1,299,029 | ||||||
|
| |||||||
| 31,201,133 | ||||||||
|
| |||||||
| Japan - 0.8% | ||||||||
Nexon Co. Ltd. | 157,300 | 2,965,359 | ||||||
Tokyo Electron Ltd. | 17,033 | 8,331,402 | ||||||
|
| |||||||
| 11,296,761 | ||||||||
|
| |||||||
| Jordan - 0.2% | ||||||||
Hikma Pharmaceuticals PLC | 88,038 | 2,473,264 | ||||||
|
| |||||||
| Macau - 1.1% | ||||||||
Sands China Ltd. (A) | 5,201,600 | 14,504,411 | ||||||
|
| |||||||
| Mexico - 0.3% | ||||||||
Grupo Mexico SAB de CV, Series B | 854,943 | 3,676,653 | ||||||
|
| |||||||
| Netherlands - 0.6% | ||||||||
ASML Holding NV (C) | 12,174 | 8,245,383 | ||||||
|
| |||||||
| Peru - 1.0% | ||||||||
Credicorp Ltd. | 94,822 | 13,580,407 | ||||||
|
| |||||||
| Philippines - 1.3% | ||||||||
Ayala Land, Inc. | 6,290,054 | 4,441,385 | ||||||
BDO Unibank, Inc. | 4,703,180 | 12,500,154 | ||||||
|
| |||||||
| 16,941,539 | ||||||||
|
| |||||||
| Republic of Korea - 6.5% | ||||||||
Coupang, Inc. (A) (C) | 160,235 | 3,336,093 | ||||||
E-MART, Inc. (A) | 43,575 | 4,849,961 | ||||||
Kangwon Land, Inc. (A) | 99,689 | 2,096,048 | ||||||
Kia Corp. | 92,317 | 6,436,869 | ||||||
NAVER Corp. | 18,384 | 4,855,960 | ||||||
POSCO | 13,077 | 2,925,239 | ||||||
Samsung Electronics Co. Ltd. | 594,592 | 36,983,074 | ||||||
Shinhan Financial Group Co. Ltd. | 229,203 | 7,341,181 | ||||||
SK Innovation Co. Ltd. (A) (C) | 66,862 | 12,271,047 | ||||||
SK Telecom Co. Ltd. | 105,386 | 5,015,857 | ||||||
|
| |||||||
| 86,111,329 | ||||||||
|
| |||||||
| Republic of South Africa - 3.5% | ||||||||
FirstRand Ltd. | 3,758,338 | 15,150,238 | ||||||
Gold Fields Ltd. | 867,100 | 9,291,818 | ||||||
Impala Platinum Holdings Ltd. | 243,815 | 3,758,861 | ||||||
Old Mutual Ltd. | 8,049,800 | 7,253,853 | ||||||
Rand Merchant Investment Holdings Ltd. | 2,293,191 | 7,242,127 | ||||||
Sibanye Stillwater Ltd. | 990,515 | 3,692,018 | ||||||
|
| |||||||
| 46,388,915 | ||||||||
|
| |||||||
| Shares | Value | |||||||
| COMMON STOCKS (continued) | ||||||||
| Russian Federation - 5.3% | ||||||||
Gazprom PJSC, ADR | 2,840,340 | $ 24,568,941 | ||||||
Lukoil PJSC, ADR | 204,800 | 18,200,576 | ||||||
MMC Norilsk Nickel PJSC (D) | 7,461 | 2,092,579 | ||||||
Mobile TeleSystems PJSC, ADR | 387,017 | 2,956,810 | ||||||
Novatek PJSC, GDR | 12,684 | 2,662,371 | ||||||
Sberbank of Russia PJSC (D) | 2,720,773 | 9,376,388 | ||||||
Yandex NV, Class A (A) | 209,395 | 10,063,524 | ||||||
|
| |||||||
| 69,921,189 | ||||||||
|
| |||||||
| Singapore - 0.1% | ||||||||
Sea Ltd., ADR (A) | 13,388 | 2,012,350 | ||||||
|
| |||||||
| Taiwan - 13.0% | ||||||||
ASE Technology Holding Co. Ltd. | 2,180,295 | 7,940,833 | ||||||
ASMedia Technology, Inc. | 45,115 | 2,601,349 | ||||||
E.Sun Financial Holding Co. Ltd. | 7,177,690 | 7,547,990 | ||||||
Globalwafers Co. Ltd. | 222,504 | 6,350,049 | ||||||
MediaTek, Inc. | 550,400 | 21,861,442 | ||||||
Nan Ya Printed Circuit Board Corp. | 144,000 | 2,528,686 | ||||||
Realtek Semiconductor Corp. | 584,834 | 11,345,862 | ||||||
Taiwan Semiconductor Manufacturing Co. Ltd. | 4,724,678 | 109,243,941 | ||||||
Yageo Corp. (A) | 216,343 | 3,687,081 | ||||||
|
| |||||||
| 173,107,233 | ||||||||
|
| |||||||
| Thailand - 2.1% | ||||||||
Central Pattana PCL | 1,221,718 | 1,990,635 | ||||||
CP ALL PCL | 3,232,800 | 6,068,479 | ||||||
Kasikornbank PCL | 4,296,035 | 19,618,479 | ||||||
|
| |||||||
| 27,677,593 | ||||||||
|
| |||||||
| United Kingdom - 0.6% | ||||||||
Anglo American PLC | 177,009 | 7,803,526 | ||||||
|
| |||||||
| United States - 0.6% | ||||||||
Parade Technologies Ltd. | 101,683 | 7,507,177 | ||||||
|
| |||||||
Total Common Stocks |
| 1,225,465,523 | ||||||
|
| |||||||
| PREFERRED STOCKS - 2.6% | ||||||||
| Brazil - 0.8% | ||||||||
Banco Bradesco SA, | ||||||||
4.49% (E) | 1,770,730 | 7,602,991 | ||||||
Gerdau SA, | ||||||||
10.62% (E) | 555,800 | 2,913,970 | ||||||
|
| |||||||
| 10,516,961 | ||||||||
|
| |||||||
| Republic of Korea - 1.8% | ||||||||
Samsung Electronics Co. Ltd., | ||||||||
2.14% (E) | 428,513 | 24,102,682 | ||||||
|
| |||||||
Total Preferred Stocks |
| 34,619,643 | ||||||
|
| |||||||
| OTHER INVESTMENT COMPANY - 0.2% | ||||||||
| Securities Lending Collateral - 0.2% | ||||||||
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 0.04% (E) | 2,529,113 | 2,529,113 | ||||||
|
| |||||||
Total Other Investment Company |
| 2,529,113 | ||||||
|
| |||||||
Total Investments |
| 1,262,614,279 | ||||||
Net Other Assets (Liabilities) - 5.1% | 67,336,293 | |||||||
|
| |||||||
Net Assets - 100.0% | $ 1,329,950,572 | |||||||
|
| |||||||
Transamerica Funds | Page 2 |
Transamerica Emerging Markets Opportunities
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2022
(unaudited)
FUTURES CONTRACTS:
Long Futures Contracts
Description | Number of Contracts | Expiration Date | Notional Amount | Value | Unrealized Appreciation | Unrealized Depreciation | ||||||||||||
MSCI Emerging Markets Index | 671 | 03/18/2022 | $ 40,226,064 | $ 41,092,040 | $ 865,976 | $ — | ||||||||||||
FORWARD FOREIGN CURRENCY CONTRACTS:
Counterparty | Settlement Date | Currency Purchased | Currency Sold | Unrealized Appreciation | Unrealized Depreciation | |||||||||||||||||||
SSB | 02/03/2022 | PHP | 10,511,660 | USD | 205,252 | $ | 947 | $ | — | |||||||||||||||
SSB | 02/04/2022 | HKD | 40,733,463 | USD | 5,228,081 | — | (3,878 | ) | ||||||||||||||||
SSB | 02/04/2022 | PHP | 9,595,334 | USD | 188,208 | 12 | — | |||||||||||||||||
SSB | 02/07/2022 | USD | 586,451 | HKD | 4,573,025 | — | (54 | ) | ||||||||||||||||
SSB | 02/07/2022 | HKD | 193,489 | USD | 24,813 | 2 | — | |||||||||||||||||
|
|
|
| |||||||||||||||||||||
Total | $ | 961 | $ | (3,932 | ) | |||||||||||||||||||
|
|
|
| |||||||||||||||||||||
INVESTMENTS BY INDUSTRY:
Industry | Percentage of Total Investments | Value | ||||||||
Banks | 16.3 | % | $ | 206,226,513 | ||||||
Semiconductors & Semiconductor Equipment | 14.5 | 183,427,438 | ||||||||
Interactive Media & Services | 8.7 | 110,255,804 | ||||||||
Oil, Gas & Consumable Fuels | 7.2 | 90,306,158 | ||||||||
Metals & Mining | 5.4 | 68,106,443 | ||||||||
Technology Hardware, Storage & Peripherals | 4.8 | 61,085,756 | ||||||||
Internet & Direct Marketing Retail | 4.5 | 57,292,525 | ||||||||
Insurance | 3.8 | 48,469,559 | ||||||||
Automobiles | 3.3 | 41,136,059 | ||||||||
Real Estate Management & Development | 2.8 | 35,102,866 | ||||||||
Electrical Equipment | 2.4 | 30,482,916 | ||||||||
Wireless Telecommunication Services | 2.2 | 28,154,227 | ||||||||
Textiles, Apparel & Luxury Goods | 2.2 | 27,638,787 | ||||||||
Hotels, Restaurants & Leisure | 2.1 | 26,297,995 | ||||||||
Chemicals | 1.7 | 21,829,086 | ||||||||
Food & Staples Retailing | 1.5 | 18,854,538 | ||||||||
Specialty Retail | 1.3 | 15,763,457 | ||||||||
Diversified Financial Services | 1.2 | 15,150,238 | ||||||||
Independent Power & Renewable Electricity Producers | 1.1 | 13,670,288 | ||||||||
Personal Products | 1.0 | 13,204,332 | ||||||||
Diversified Telecommunication Services | 1.0 | 12,915,095 | ||||||||
Gas Utilities | 1.0 | 12,436,679 | ||||||||
IT Services | 0.8 | 10,059,817 | ||||||||
Electric Utilities | 0.8 | 9,961,698 | ||||||||
Entertainment | 0.8 | 9,794,606 | ||||||||
Biotechnology | 0.8 | 9,609,795 | ||||||||
Health Care Equipment & Supplies | 0.7 | 9,025,478 | ||||||||
Construction Materials | 0.7 | 8,800,273 | ||||||||
Machinery | 0.7 | 8,762,367 | ||||||||
Life Sciences Tools & Services | 0.7 | 8,280,051 | ||||||||
Pharmaceuticals | 0.6 | 7,792,533 | ||||||||
Food Products | 0.6 | 7,603,546 | ||||||||
Software | 0.6 | 7,493,328 | ||||||||
Capital Markets | 0.5 | 6,589,138 | ||||||||
Electronic Equipment, Instruments & Components | 0.5 | 6,215,767 | ||||||||
Health Care Providers & Services | 0.3 | 4,058,726 | ||||||||
Road & Rail | 0.2 | 2,562,460 | ||||||||
Multiline Retail | 0.1 | 1,410,488 | ||||||||
Industrial Conglomerates | 0.1 | 1,335,372 | ||||||||
Household Products | 0.1 | 1,299,029 | ||||||||
Beverages | 0.1 | 812,203 | ||||||||
Diversified Consumer Services | 0.1 | 811,732 | ||||||||
|
|
|
| |||||||
Investments | 99.8 | 1,260,085,166 | ||||||||
Short-Term Investments | 0.2 | 2,529,113 | ||||||||
|
|
|
| |||||||
Total Investments | 100.0 | % | $ | 1,262,614,279 | ||||||
|
|
|
| |||||||
Transamerica Funds | Page 3 |
Transamerica Emerging Markets Opportunities
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2022
(unaudited)
INVESTMENT VALUATION:
Valuation Inputs (F)
| Level 1 - Unadjusted Quoted Prices | Level 2 - Other Significant Observable Inputs | Level 3 - Significant Unobservable Inputs | Value | |||||||||||||
ASSETS | ||||||||||||||||
Investments |
| |||||||||||||||
Common Stocks | $ | 225,015,282 | $ | 1,000,450,241 | $ | — | $ | 1,225,465,523 | ||||||||
Preferred Stocks | 10,516,961 | 24,102,682 | — | 34,619,643 | ||||||||||||
Other Investment Company | 2,529,113 | — | — | 2,529,113 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | $ | 238,061,356 | $ | 1,024,552,923 | $ | — | $ | 1,262,614,279 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Other Financial Instruments |
| |||||||||||||||
Futures Contracts (G) | $ | 865,976 | $ | — | $ | — | $ | 865,976 | ||||||||
Forward Foreign Currency Contracts (G) | — | 961 | — | 961 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Other Financial Instruments | $ | 865,976 | $ | 961 | $ | — | $ | 866,937 | ||||||||
|
|
|
|
|
|
|
| |||||||||
LIABILITIES |
| |||||||||||||||
Other Financial Instruments |
| |||||||||||||||
Forward Foreign Currency Contracts (G) | $ | — | $ | (3,932 | ) | $ | — | $ | (3,932 | ) | ||||||
|
|
|
|
|
|
|
| |||||||||
Total Other Financial Instruments | $ | — | $ | (3,932 | ) | $ | — | $ | (3,932 | ) | ||||||
|
|
|
|
|
|
|
| |||||||||
FOOTNOTES TO SCHEDULE OF INVESTMENTS:
| (A) | Non-income producing securities. | |
| (B) | Securities are exempt from registration pursuant to Rule 144A of the Securities Act of 1933. Securities may be resold as transactions exempt from registration, normally to qualified institutional buyers. At January 31, 2022, the total value of 144A securities is $57,579,950, representing 4.3% of the Fund’s net assets. | |
| (C) | All or a portion of the securities are on loan. The total value of all securities on loan is $33,236,503, collateralized by cash collateral of $2,529,113 and non-cash collateral, such as U.S. government securities and irrevocable letters of credit, of $32,006,945. 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. | |
| (D) | Fair valued as determined in good faith in accordance with procedures established by the Board. At January 31, 2022, the total value of securities is $11,468,967, representing 0.9% of the Fund’s net assets. | |
| (E) | Rates disclosed reflect the yields at January 31, 2022. | |
| (F) | There were no transfers in or out of Level 3 during the period ended January 31, 2022. Please reference the Investment Valuation section of the Notes to Schedule of Investments for more information regarding investment valuation and pricing inputs. | |
| (G) | Derivative instruments are valued at unrealized appreciation (depreciation). |
CURRENCY ABBREVIATIONS:
HKD | Hong Kong Dollar | |
PHP | Philippine Peso | |
USD | United States Dollar |
COUNTERPARTY ABBREVIATION:
SSB | State Street Bank & Trust Co. |
PORTFOLIO ABBREVIATIONS:
ADR | American Depositary Receipt | |
GDR | Global Depositary Receipt |
Transamerica Funds | Page 4 |
Transamerica Emerging Markets Opportunities
NOTES TO SCHEDULE OF INVESTMENTS
At January 31, 2022
(unaudited)
INVESTMENT VALUATION
Transamerica Emerging Markets Opportunities (the “Fund”) is a series of the Transamerica Funds.
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 January 31, 2022, 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.
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.
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 5 |