Transamerica Bond (IDITX) NPORT-P Transamerica International Equity (Jan 2022 report)

Transamerica International Equity

SCHEDULE OF INVESTMENTS

At January 31, 2022

(unaudited)

	Shares		Value
COMMON STOCKS - 96.7%
Australia - 3.3%
BHP Group Ltd.		493,700		$  15,583,537
BHP Group Ltd., ADR		434,776		27,651,754
Lendlease Corp. Ltd. (A)		3,090,600		21,870,764
Macquarie Group Ltd.		443,500		57,970,549
Santos Ltd. (A)		11,138,400		56,736,019
				179,812,623
Austria - 0.3%
ams-OSRAM AG (A) (B)		872,200		14,664,606
Belgium - 2.6%
Anheuser-Busch InBev SA (A)		962,800		60,695,970
Groupe Bruxelles Lambert SA (A)		349,020		37,450,856
KBC Group NV		515,400		44,824,001
				142,970,827
China - 0.0% (C)
JD.com, Inc., Class A (B)		1,033		39,152
Tencent Holdings Ltd.		21,700		1,359,771
				1,398,923
Denmark - 0.4%
AP Moller - Maersk A/S, Class B		5,435		19,523,298
Finland - 1.1%
Nokia OYJ (B)		9,716,200		57,943,762
France - 9.7%
Air Liquide SA		5,646		965,800
Airbus SE (A) (B)		119,700		15,284,878
Amundi SA (D)		466,900		36,295,084
Capgemini SE		228,152		51,292,302
Cie de Saint-Gobain		27,037		1,829,525
Dassault Aviation SA		202,360		24,048,955
Engie SA		6,762,600		104,020,977
Rexel SA (B)		1,591,417		35,472,062
Sanofi		764,401		79,927,305
Schneider Electric SE		10,158		1,720,718
TotalEnergies SE		900,600		51,214,800
Ubisoft Entertainment SA (B)		491,600		28,210,212
Veolia Environnement SA		2,747,723		99,260,869
				529,543,487
Germany - 11.2%
Allianz SE		158,602		40,721,463
BASF SE		953,700		73,042,822
Bayer AG		447,052		27,160,133
Continental AG (B)		10,442		1,012,353
Deutsche Boerse AG		362,200		64,381,916
Deutsche Post AG		977,101		58,802,511
Fresenius SE & Co. KGaA		1,344,800		55,513,820
HeidelbergCement AG		931,435		64,817,222
Infineon Technologies AG		1,351,127		56,109,255
SAP SE		546,947		68,620,629
Siemens AG		515,695		81,877,464
Talanx AG (B)		429,884		20,574,776
				612,634,364

	Shares		Value
COMMON STOCKS (continued)
Hong Kong - 2.0%
CK Asset Holdings Ltd.		5,742,500		$   38,333,524
CK Hutchison Holdings Ltd.		9,908,200		70,420,791
				108,754,315
Ireland - 3.4%
AerCap Holdings NV (B)		225,100		14,181,300
AIB Group PLC (A) (B)		10,114,800		26,716,133
DCC PLC		659,731		55,472,503
Ryanair Holdings PLC, ADR (B)		110,672		12,353,209
Smurfit Kappa Group PLC		1,419,415		74,811,154
				183,534,299
Israel - 0.9%
Check Point Software Technologies Ltd. (B)		414,400		50,146,544
Italy - 0.5%
Enel SpA		236,781		1,822,408
Prysmian SpA		719,122		24,249,888
				26,072,296
Japan - 20.6%
Astellas Pharma, Inc.		3,637,300		58,708,071
Denka Co. Ltd.		753,480		26,536,239
Denso Corp.		19,500		1,455,357
FANUC Corp.		230,200		45,521,663
Fujitsu Ltd.		290,460		38,398,324
Hitachi Ltd.		1,186,480		61,668,489
Japan Airlines Co. Ltd. (B)		1,060,800		20,078,376
Kirin Holdings Co. Ltd.		2,159,600		34,614,380
Kyocera Corp.		796,900		49,145,858
Nintendo Co. Ltd.		130,100		63,754,384
Olympus Corp.		2,131,900		47,705,628
ORIX Corp.		4,448,700		91,763,880
Panasonic Corp.		121,000		1,332,150
Rakuten Group, Inc.		5,212,500		45,220,391
SBI Holdings, Inc.		821,600		21,193,831
Sega Sammy Holdings, Inc.		1,990,300		33,418,444
Seven & i Holdings Co. Ltd.		1,877,700		95,497,258
Sony Group Corp.		1,290,200		144,332,694
Square Enix Holdings Co. Ltd.		639,600		31,364,654
Sumitomo Mitsui Financial Group, Inc. (A)		2,026,600		73,000,061
Toshiba Corp.		1,597,950		66,171,157
Toyota Industries Corp.		1,019,600		79,537,530
				1,130,418,819
Luxembourg - 0.9%
ArcelorMittal SA		1,693,635		50,307,782
Netherlands - 3.8%
ASML Holding NV		87,200		59,060,078
EXOR NV		221,600		18,581,365
Heineken Holding NV (A)		646,085		56,643,549
Koninklijke Philips NV		810,134		26,947,718
NXP Semiconductors NV		233,000		47,867,520
				209,100,230
Norway - 1.2%
DnB Bank ASA		1,124,700		26,768,076
Mowi ASA		1,657,000		40,669,255
				67,437,331
Republic of Korea - 1.7%
E-MART, Inc. (B)		3,672		408,699
KB Financial Group, Inc.		25,031		1,240,528

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Transamerica International Equity

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2022

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Republic of Korea (continued)
LG Corp.		11,149		$   689,471
Samsung Electronics Co. Ltd.		1,488,919		92,609,389
				94,948,087
Singapore - 1.5%
CapitaLand Integrated Commercial Trust, REIT		508,300		732,814
DBS Group Holdings Ltd.		3,064,500		80,494,816
Oversea-Chinese Banking Corp. Ltd.		116,900		1,088,136
				82,315,766
Sweden - 2.4%
Essity AB, Class B		1,166,800		32,892,535
Investor AB, B Shares		1,613,588		35,034,103
Lundin Energy AB		672,700		27,357,283
Svenska Handelsbanken AB, A Shares		154,685		1,648,564
Swedbank AB, A Shares		70,960		1,389,270
Volvo AB, B Shares		1,574,537		35,531,661
				133,853,416
Switzerland - 11.4%
ABB Ltd.		1,886,900		65,422,178
Alcon, Inc.		186,973		14,417,228
Cie Financiere Richemont SA, Class A		350,300		50,910,429
Glencore PLC		7,211,300		37,568,085
Nestle SA		985,564		127,274,045
Novartis AG		925,415		80,408,838
Roche Holding AG		276,161		106,874,072
Siemens Energy AG (B)		1,750,097		39,364,677
UBS Group AG		5,658,474		104,962,125
				627,201,677
United Kingdom - 17.6%
Ashtead Group PLC		446,200		31,915,784
Aviva PLC		8,262,401		48,781,202
Barratt Developments PLC		3,060,342		25,452,974
BP PLC		8,435,300		43,727,935
British Land Co. PLC, REIT (A)		2,193,300		16,400,471
Bunzl PLC		961,348		36,009,179
CNH Industrial NV		2,071,200		31,569,422
Entain PLC (B)		1,281,700		27,747,968
GlaxoSmithKline PLC		2,379,100		53,091,961
Imperial Brands PLC		1,388,294		32,916,245
Inchcape PLC		2,145,096		24,460,966
Informa PLC (B)		4,489,451		33,959,861
Kingfisher PLC		12,248,500		54,926,620
Liberty Global PLC, Class C (B)		1,713,500		46,333,040
Linde PLC		163,800		52,199,784
Lloyds Banking Group PLC		97,521,254		67,676,904
Melrose Industries PLC		14,367,620		29,267,067
Persimmon PLC		1,124,700		36,642,151
Reckitt Benckiser Group PLC		736,800		59,697,086
RELX PLC		38,627		1,188,181
Smith & Nephew PLC		3,106,900		52,838,957
Tesco PLC		18,201,532		73,109,573
Unilever PLC		1,586,814		81,374,754
Willis Towers Watson PLC		8,845		2,069,376
				963,357,461
United States - 0.2%
Amazon.com, Inc. (B)		308		921,373
Apple, Inc.		13,250		2,315,835

	Shares		Value
COMMON STOCKS (continued)
United States (continued)
Meta Platforms, Inc., Class A (B)		11,315		$   3,544,537
Microsoft Corp.		18,439		5,734,160
				12,515,905
Total Common Stocks (Cost $4,302,007,321)				5,298,455,818
OTHER INVESTMENT COMPANY - 1.0%
Securities Lending Collateral - 1.0%
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 0.04% (E)		55,076,729		55,076,729
Total Other Investment Company (Cost $55,076,729)				55,076,729
	Principal		Value
REPURCHASE AGREEMENT - 3.0%
Fixed Income Clearing Corp., 0.00% (E), dated 01/31/2022, to be repurchased at $165,879,897 on 02/01/2022. Collateralized by a U.S. Government Obligation, 3.63%, due 04/15/2028, and with a value of $169,197,675.		$  165,879,897		165,879,897
Total Repurchase Agreement (Cost $165,879,897)				165,879,897
Total Investments (Cost $4,522,963,947)				5,519,412,444
Net Other Assets (Liabilities) - (0.7)%				(37,701,436	)
Net Assets - 100.0%				$  5,481,711,008

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Transamerica International Equity

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2022

(unaudited)

INVESTMENTS BY INDUSTRY:

Industry	Percentage of Total Investments			Value
Pharmaceuticals		7.4	%		$	406,170,380
Industrial Conglomerates		6.6				365,566,942
Banks		5.9				324,846,489
Capital Markets		5.2				284,803,505
Household Durables		3.8				207,759,969
Multi-Utilities		3.7				203,281,846
Machinery		3.5				192,160,276
Diversified Financial Services		3.3				182,830,204
Oil, Gas & Consumable Fuels		3.2				179,036,037
Semiconductors & Semiconductor Equipment		3.2				177,701,459
Food & Staples Retailing		3.1				169,015,530
Food Products		3.0				167,943,300
Chemicals		2.8				152,744,645
Beverages		2.8				151,953,899
Health Care Equipment & Supplies		2.6				141,909,531
Metals & Mining		2.4				131,111,158
Electrical Equipment		2.4				130,757,461
Software		2.3				124,501,333
Entertainment		2.2				123,329,250
Trading Companies & Distributors		2.1				117,578,325
Insurance		2.0				112,146,817
Technology Hardware, Storage & Peripherals		1.7				94,925,224
Household Products		1.7				92,589,621
IT Services		1.6				89,690,626
Personal Products		1.5				81,374,754
Containers & Packaging		1.4				74,811,154
Construction Materials		1.2				64,817,222
Real Estate Management & Development		1.1				60,204,288
Air Freight & Logistics		1.1				58,802,511
Communications Equipment		1.0				57,943,762
Health Care Providers & Services		1.0				55,513,820
Specialty Retail		1.0				54,926,620
Textiles, Apparel & Luxury Goods		0.9				50,910,429
Electronic Equipment, Instruments & Components		0.9				49,145,858
Diversified Telecommunication Services		0.8				46,333,040
Internet & Direct Marketing Retail		0.8				46,180,916
Aerospace & Defense		0.7				39,333,833
Media		0.6				33,959,861
Leisure Products		0.6				33,418,444
Tobacco		0.6				32,916,245
Airlines		0.6				32,431,585
Hotels, Restaurants & Leisure		0.5				27,747,968
Distributors		0.4				24,460,966
Marine		0.4				19,523,298
Equity Real Estate Investment Trusts		0.3				17,133,285
Interactive Media & Services		0.1				4,904,308
Auto Components		0.0	(C)			2,467,710
Building Products		0.0	(C)			1,829,525
Electric Utilities		0.0	(C)			1,822,408
Professional Services		0.0	(C)			1,188,181
Investments		96.0				5,298,455,818
Short-Term Investments		4.0				220,956,626
Total Investments		100.0	%		$	5,519,412,444

Transamerica Funds Page    3

Transamerica International Equity

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	$	265,318,432	$	5,033,137,386	$	—	$	5,298,455,818
Other Investment Company		55,076,729		—		—		55,076,729
Repurchase Agreement		—		165,879,897		—		165,879,897
Total Investments	$	320,395,161	$	5,199,017,283	$	—	$	5,519,412,444

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	All or a portion of the securities are on loan. The total value of all securities on loan is $89,083,693, collateralized by cash collateral of $55,076,729 and non-cash collateral, such as U.S. government securities and irrevocable letters of credit, of $37,901,129. 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.
(B)	Non-income producing securities.
(C)	Percentage rounds to less than 0.1% or (0.1)%.
(D)	Security is exempt from registration pursuant to Rule 144A of the Securities Act of 1933. Security may be resold as transactions exempt from registration, normally to qualified institutional buyers. At January 31, 2022, the value of the 144A security is $36,295,084, representing 0.7% 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.

PORTFOLIO ABBREVIATIONS:

ADR	American Depositary Receipt
REIT	Real Estate Investment Trust

Transamerica Funds Page    4

Transamerica International Equity

NOTES TO SCHEDULE OF INVESTMENTS

At January 31, 2022

(unaudited)

INVESTMENT VALUATION

Transamerica International Equity (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.

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.

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

Transamerica Funds Page    5