Transamerica Balanced II
SCHEDULE OF INVESTMENTS
At July 31, 2022
(unaudited)
Shares | Value | |||||||
COMMON STOCKS - 59.3% | ||||||||
Aerospace & Defense - 0.7% | ||||||||
Northrop Grumman Corp. | 388 | $ 185,813 | ||||||
Raytheon Technologies Corp. | 4,458 | 415,530 | ||||||
Textron, Inc. | 2,768 | 181,692 | ||||||
|
| |||||||
783,035 | ||||||||
|
| |||||||
Air Freight & Logistics - 0.8% | ||||||||
FedEx Corp. | 907 | 211,413 | ||||||
United Parcel Service, Inc., Class B | 3,399 | 662,431 | ||||||
|
| |||||||
873,844 | ||||||||
|
| |||||||
Airlines - 0.0% (A) | ||||||||
Southwest Airlines Co. (B) | 1,392 | 53,063 | ||||||
|
| |||||||
Auto Components - 0.1% | ||||||||
Aptiv PLC (B) | 512 | 53,704 | ||||||
Magna International, Inc. | 1,660 | 106,007 | ||||||
|
| |||||||
159,711 | ||||||||
|
| |||||||
Automobiles - 1.3% | ||||||||
General Motors Co. (B) | 2,072 | 75,131 | ||||||
Rivian Automotive, Inc., Class A (B) (C) | 589 | 20,203 | ||||||
Tesla, Inc. (B) | 1,478 | 1,317,563 | ||||||
|
| |||||||
1,412,897 | ||||||||
|
| |||||||
Banks - 2.2% | ||||||||
Bank of America Corp. | 17,657 | 596,983 | ||||||
Citigroup, Inc. | 1,787 | 92,745 | ||||||
Fifth Third Bancorp | 7,191 | 245,357 | ||||||
SVB Financial Group (B) | 185 | 74,657 | ||||||
Truist Financial Corp. | 4,395 | 221,816 | ||||||
US Bancorp | 8,802 | 415,454 | ||||||
Wells Fargo & Co. | 16,635 | 729,778 | ||||||
|
| |||||||
2,376,790 | ||||||||
|
| |||||||
Beverages - 1.2% | ||||||||
Coca-Cola Co. | 12,416 | 796,735 | ||||||
Constellation Brands, Inc., Class A | 1,047 | 257,887 | ||||||
PepsiCo, Inc. | 1,538 | 269,088 | ||||||
|
| |||||||
1,323,710 | ||||||||
|
| |||||||
Biotechnology - 1.5% | ||||||||
AbbVie, Inc. | 5,718 | 820,590 | ||||||
Biogen, Inc. (B) | 587 | 126,240 | ||||||
BioMarin Pharmaceutical, Inc. (B) | 436 | 37,518 | ||||||
Neurocrine Biosciences, Inc. (B) | 444 | 41,794 | ||||||
Regeneron Pharmaceuticals, Inc. (B) | 557 | 324,001 | ||||||
Vertex Pharmaceuticals, Inc. (B) | 1,118 | 313,499 | ||||||
|
| |||||||
1,663,642 | ||||||||
|
| |||||||
Building Products - 0.5% | ||||||||
Masco Corp. | 2,981 | 165,088 | ||||||
Trane Technologies PLC | 2,633 | 387,024 | ||||||
|
| |||||||
552,112 | ||||||||
|
| |||||||
Capital Markets - 0.7% | ||||||||
Morgan Stanley | 3,434 | 289,486 | ||||||
Raymond James Financial, Inc. | 596 | 58,688 |
Shares | Value | |||||||
COMMON STOCKS (continued) | ||||||||
Capital Markets (continued) | ||||||||
State Street Corp. | 3,332 | $ 236,705 | ||||||
T. Rowe Price Group, Inc. | 1,940 | 239,532 | ||||||
|
| |||||||
824,411 | ||||||||
|
| |||||||
Chemicals - 1.1% | ||||||||
Air Products & Chemicals, Inc. | 426 | 105,746 | ||||||
Celanese Corp. | 420 | 49,354 | ||||||
DuPont de Nemours, Inc. | 1,796 | 109,969 | ||||||
Eastman Chemical Co. | 2,084 | 199,918 | ||||||
Linde PLC | 1,580 | 477,160 | ||||||
PPG Industries, Inc. | 1,829 | 236,472 | ||||||
|
| |||||||
1,178,619 | ||||||||
|
| |||||||
Commercial Services & Supplies - 0.1% | ||||||||
Cintas Corp. | 192 | 81,694 | ||||||
|
| |||||||
Communications Equipment - 0.1% | ||||||||
Motorola Solutions, Inc. | 469 | 111,899 | ||||||
|
| |||||||
Construction Materials - 0.2% | ||||||||
Martin Marietta Materials, Inc. | 522 | 183,786 | ||||||
|
| |||||||
Consumer Finance - 0.9% | ||||||||
American Express Co. | 3,148 | 484,855 | ||||||
Capital One Financial Corp. | 1,074 | 117,958 | ||||||
S&P Global, Inc. | 1,139 | 429,323 | ||||||
|
| |||||||
1,032,136 | ||||||||
|
| |||||||
Containers & Packaging - 0.1% | ||||||||
Avery Dennison Corp. | 620 | 118,085 | ||||||
|
| |||||||
Diversified Financial Services - 1.0% | ||||||||
Berkshire Hathaway, Inc., Class B (B) | 3,144 | 945,086 | ||||||
Intercontinental Exchange, Inc. | 1,944 | 198,269 | ||||||
|
| |||||||
1,143,355 | ||||||||
|
| |||||||
Diversified Telecommunication Services - 0.1% | ||||||||
Verizon Communications, Inc. | 2,616 | 120,833 | ||||||
|
| |||||||
Electric Utilities - 1.1% | ||||||||
Evergy, Inc. | 1,219 | 83,209 | ||||||
Exelon Corp. | 10,176 | 473,082 | ||||||
FirstEnergy Corp. | 4,378 | 179,936 | ||||||
NextEra Energy, Inc. | 6,020 | 508,630 | ||||||
|
| |||||||
1,244,857 | ||||||||
|
| |||||||
Electrical Equipment - 0.4% | ||||||||
Eaton Corp. PLC | 2,973 | 441,163 | ||||||
|
| |||||||
Energy Equipment & Services - 0.1% | ||||||||
Baker Hughes Co. | 2,235 | 57,417 | ||||||
|
| |||||||
Entertainment - 0.3% | ||||||||
Netflix, Inc. (B) | 1,144 | 257,286 | ||||||
Walt Disney Co. (B) | 1,099 | 116,604 | ||||||
|
| |||||||
373,890 | ||||||||
|
| |||||||
Equity Real Estate Investment Trusts - 1.6% | ||||||||
Camden Property Trust | 1,649 | 232,674 | ||||||
Duke Realty Corp. | 781 | 48,859 | ||||||
Equinix, Inc. | 281 | 197,751 | ||||||
Equity LifeStyle Properties, Inc. | 1,743 | 128,145 | ||||||
Host Hotels & Resorts, Inc. | 5,269 | 93,841 | ||||||
Kimco Realty Corp. | 4,843 | 107,079 | ||||||
Prologis, Inc. | 3,391 | 449,511 | ||||||
SBA Communications Corp. | 418 | 140,360 | ||||||
Sun Communities, Inc. | 1,009 | 165,436 |
Transamerica Funds | Page 1 |
Transamerica Balanced II
SCHEDULE OF INVESTMENTS (continued)
At July 31, 2022
(unaudited)
Shares | Value | |||||||
COMMON STOCKS (continued) | ||||||||
Equity Real Estate Investment Trusts (continued) | ||||||||
UDR, Inc. | 799 | $ 38,671 | ||||||
Ventas, Inc. | 3,729 | 200,546 | ||||||
|
| |||||||
1,802,873 | ||||||||
|
| |||||||
Food & Staples Retailing - 0.8% | ||||||||
Costco Wholesale Corp. | 1,139 | 616,541 | ||||||
Walmart, Inc. | 1,884 | 248,782 | ||||||
|
| |||||||
865,323 | ||||||||
|
| |||||||
Food Products - 0.4% | ||||||||
Hershey Co. | 499 | 113,752 | ||||||
Mondelez International, Inc., Class A | 5,708 | 365,540 | ||||||
|
| |||||||
479,292 | ||||||||
|
| |||||||
Health Care Equipment & Supplies - 1.4% | ||||||||
Abbott Laboratories | 2,655 | 288,970 | ||||||
ABIOMED, Inc. (B) | 81 | 23,734 | ||||||
Baxter International, Inc. | 4,115 | 241,386 | ||||||
Boston Scientific Corp. (B) | 6,450 | 264,773 | ||||||
Dexcom, Inc. (B) | 700 | 57,456 | ||||||
Intuitive Surgical, Inc. (B) | 1,349 | 310,499 | ||||||
Medtronic PLC | 2,185 | 202,156 | ||||||
Zimmer Biomet Holdings, Inc. | 1,636 | 180,598 | ||||||
|
| |||||||
1,569,572 | ||||||||
|
| |||||||
Health Care Providers & Services - 2.1% | ||||||||
Centene Corp. (B) | 4,538 | 421,898 | ||||||
Elevance Health, Inc. | 782 | 373,092 | ||||||
Humana, Inc. | 235 | 113,270 | ||||||
McKesson Corp. | 499 | 170,448 | ||||||
UnitedHealth Group, Inc. | 2,202 | 1,194,233 | ||||||
|
| |||||||
2,272,941 | ||||||||
|
| |||||||
Hotels, Restaurants & Leisure - 1.3% | ||||||||
Booking Holdings, Inc. (B) | 148 | 286,482 | ||||||
Chipotle Mexican Grill, Inc. (B) | 196 | 306,587 | ||||||
Expedia Group, Inc. (B) | 1,090 | 115,595 | ||||||
Marriott International, Inc., Class A | 1,133 | 179,943 | ||||||
McDonald’s Corp. | 1,900 | 500,403 | ||||||
Royal Caribbean Cruises Ltd. (B) | 403 | 15,600 | ||||||
Yum! Brands, Inc. | 566 | 69,358 | ||||||
|
| |||||||
1,473,968 | ||||||||
|
| |||||||
Household Durables - 0.3% | ||||||||
Lennar Corp., Class A | 3,019 | 256,615 | ||||||
PulteGroup, Inc. | 459 | 20,022 | ||||||
Toll Brothers, Inc. | 1,467 | 72,147 | ||||||
|
| |||||||
348,784 | ||||||||
|
| |||||||
Household Products - 0.8% | ||||||||
Kimberly-Clark Corp. | 1,648 | 217,190 | ||||||
Procter & Gamble Co. | 4,508 | 626,206 | ||||||
|
| |||||||
843,396 | ||||||||
|
| |||||||
Industrial Conglomerates - 0.3% | ||||||||
Honeywell International, Inc. | 1,846 | 355,281 | ||||||
|
| |||||||
Insurance - 1.2% | ||||||||
Aon PLC, Class A | 637 | 185,392 | ||||||
Arthur J Gallagher & Co. | 532 | 95,223 | ||||||
Hartford Financial Services Group, Inc. | 4,429 | 285,538 | ||||||
Progressive Corp. | 4,224 | 486,013 |
Shares | Value | |||||||
COMMON STOCKS (continued) | ||||||||
Insurance (continued) | ||||||||
Prudential Financial, Inc. | 587 | $ 58,694 | ||||||
Travelers Cos., Inc. | 1,434 | 227,576 | ||||||
|
| |||||||
1,338,436 | ||||||||
|
| |||||||
Interactive Media & Services - 3.4% | ||||||||
Alphabet, Inc., Class A (B) | 14,460 | 1,681,987 | ||||||
Alphabet, Inc., Class C (B) | 10,660 | 1,243,382 | ||||||
Meta Platforms, Inc., Class A (B) | 4,556 | 724,860 | ||||||
ZoomInfo Technologies, Inc. (B) | 1,800 | 68,202 | ||||||
|
| |||||||
3,718,431 | ||||||||
|
| |||||||
Internet & Direct Marketing Retail - 2.2% | ||||||||
Amazon.com, Inc. (B) | 18,020 | 2,431,799 | ||||||
|
| |||||||
IT Services - 2.7% | ||||||||
Accenture PLC, Class A | 2,022 | 619,258 | ||||||
Affirm Holdings, Inc. (B) (C) | 1,530 | 41,065 | ||||||
Automatic Data Processing, Inc. | 718 | 173,124 | ||||||
FleetCor Technologies, Inc. (B) | 915 | 201,382 | ||||||
Mastercard, Inc., Class A | 2,693 | 952,756 | ||||||
Visa, Inc., Class A | 4,778 | 1,013,462 | ||||||
|
| |||||||
3,001,047 | ||||||||
|
| |||||||
Life Sciences Tools & Services - 1.2% | ||||||||
Danaher Corp. | 1,762 | 513,570 | ||||||
Thermo Fisher Scientific, Inc. | 1,355 | 810,846 | ||||||
|
| |||||||
1,324,416 | ||||||||
|
| |||||||
Machinery - 1.3% | ||||||||
Deere & Co. | 1,662 | 570,365 | ||||||
Dover Corp. | 1,019 | 136,220 | ||||||
Ingersoll Rand, Inc. | 2,066 | 102,887 | ||||||
Otis Worldwide Corp. | 3,647 | 285,086 | ||||||
Parker-Hannifin Corp. | 1,092 | 315,686 | ||||||
|
| |||||||
1,410,244 | ||||||||
|
| |||||||
Media - 0.8% | ||||||||
Charter Communications, Inc., Class A (B) | 817 | 353,026 | ||||||
Comcast Corp., Class A | 12,060 | 452,491 | ||||||
Fox Corp., Class A | 428 | 14,171 | ||||||
Interpublic Group of Cos., Inc. | 748 | 22,343 | ||||||
|
| |||||||
842,031 | ||||||||
|
| |||||||
Metals & Mining - 0.1% | ||||||||
Freeport-McMoRan, Inc. | 2,275 | 71,776 | ||||||
Nucor Corp. | 549 | 74,554 | ||||||
|
| |||||||
146,330 | ||||||||
|
| |||||||
Multi-Utilities - 0.7% | ||||||||
Ameren Corp. | 2,268 | 211,196 | ||||||
CenterPoint Energy, Inc. | 6,459 | 204,686 | ||||||
Sempra Energy | 1,916 | 317,673 | ||||||
|
| |||||||
733,555 | ||||||||
|
| |||||||
Oil, Gas & Consumable Fuels - 2.6% | ||||||||
Chevron Corp. | 1,679 | 274,987 | ||||||
ConocoPhillips | 6,729 | 655,606 | ||||||
Coterra Energy, Inc. | 3,731 | 114,131 | ||||||
Diamondback Energy, Inc. | 2,863 | 366,521 | ||||||
EOG Resources, Inc. | 3,176 | 353,235 | ||||||
Exxon Mobil Corp. | 6,992 | 677,735 | ||||||
Phillips 66 | 1,326 | 118,014 | ||||||
Pioneer Natural Resources Co. | 1,083 | 256,617 | ||||||
|
| |||||||
2,816,846 | ||||||||
|
|
Transamerica Funds | Page 2 |
Transamerica Balanced II
SCHEDULE OF INVESTMENTS (continued)
At July 31, 2022
(unaudited)
Shares | Value | |||||||
COMMON STOCKS (continued) | ||||||||
Pharmaceuticals - 2.3% | ||||||||
Bristol-Myers Squibb Co. | 8,710 | $ 642,624 | ||||||
Eli Lilly & Co. | 2,020 | 665,974 | ||||||
Johnson & Johnson | 3,885 | 678,010 | ||||||
Merck & Co., Inc. | 4,228 | 377,729 | ||||||
Pfizer, Inc. | 3,963 | 200,171 | ||||||
|
| |||||||
2,564,508 | ||||||||
|
| |||||||
Professional Services - 0.3% | ||||||||
Booz Allen Hamilton Holding Corp. | 682 | 65,458 | ||||||
Leidos Holdings, Inc. | 2,013 | 215,391 | ||||||
|
| |||||||
280,849 | ||||||||
|
| |||||||
Road & Rail - 0.6% | ||||||||
Norfolk Southern Corp. | 1,499 | 376,504 | ||||||
Uber Technologies, Inc. (B) | 1,991 | 46,689 | ||||||
Union Pacific Corp. | 999 | 227,072 | ||||||
|
| |||||||
650,265 | ||||||||
|
| |||||||
Semiconductors & Semiconductor Equipment - 3.7% | ||||||||
Advanced Micro Devices, Inc. (B) | 5,216 | 492,755 | ||||||
Analog Devices, Inc. | 3,398 | 584,320 | ||||||
Applied Materials, Inc. | 566 | 59,985 | ||||||
Lam Research Corp. | 924 | 462,471 | ||||||
Microchip Technology, Inc. | 3,638 | 250,513 | ||||||
Micron Technology, Inc. | 1,551 | 95,945 | ||||||
NVIDIA Corp. | 4,163 | 756,126 | ||||||
NXP Semiconductors NV | 2,612 | 480,295 | ||||||
QUALCOMM, Inc. | 1,304 | 189,158 | ||||||
Texas Instruments, Inc. | 3,899 | 697,492 | ||||||
|
| |||||||
4,069,060 | ||||||||
|
| |||||||
Software - 5.4% | ||||||||
Adobe, Inc. (B) | 855 | 350,653 | ||||||
Fortinet, Inc. (B) | 1,300 | 77,545 | ||||||
Intuit, Inc. | 1,078 | 491,751 | ||||||
Microsoft Corp. | 16,250 | 4,562,025 | ||||||
Oracle Corp. | 1,665 | 129,604 | ||||||
Salesforce, Inc. (B) | 1,031 | 189,725 | ||||||
Workday, Inc., Class A (B) | 664 | 102,986 | ||||||
|
| |||||||
5,904,289 | ||||||||
|
| |||||||
Specialty Retail - 1.7% | ||||||||
AutoNation, Inc. (B) | 676 | 80,268 | ||||||
AutoZone, Inc. (B) | 68 | 145,342 | ||||||
Best Buy Co., Inc. | 2,738 | 210,799 | ||||||
Burlington Stores, Inc. (B) (C) | 326 | 46,008 | ||||||
Home Depot, Inc. | 686 | 206,445 | ||||||
Lowe’s Cos., Inc. | 3,227 | 618,067 | ||||||
O’Reilly Automotive, Inc. (B) | 518 | 364,460 | ||||||
TJX Cos., Inc. | 3,424 | 209,412 | ||||||
|
| |||||||
1,880,801 | ||||||||
|
| |||||||
Technology Hardware, Storage & Peripherals - 4.5% | ||||||||
Apple, Inc. | 28,979 | 4,709,377 | ||||||
Seagate Technology Holdings PLC | 3,703 | 296,166 | ||||||
|
| |||||||
5,005,543 | ||||||||
|
| |||||||
Textiles, Apparel & Luxury Goods - 0.3% | ||||||||
NIKE, Inc., Class B | 3,062 | 351,885 | ||||||
|
|
Shares | Value | |||||||
COMMON STOCKS (continued) | ||||||||
Tobacco - 0.5% | ||||||||
Altria Group, Inc. | 5,162 | $ 226,405 | ||||||
Philip Morris International, Inc. | 2,892 | 280,958 | ||||||
|
| |||||||
507,363 | ||||||||
|
| |||||||
Wireless Telecommunication Services - 0.3% | ||||||||
T-Mobile US, Inc. (B) | 2,283 | 326,606 | ||||||
|
| |||||||
Total Common Stocks |
| 65,426,683 | ||||||
|
| |||||||
PREFERRED STOCK - 0.0% (A) | ||||||||
Electric Utilities - 0.0% (A) | ||||||||
SCE Trust III, | ||||||||
Series H, Fixed until 03/15/2024, | 320 | 7,056 | ||||||
|
| |||||||
Total Preferred Stock |
| 7,056 | ||||||
|
| |||||||
Principal | Value | |||||||
ASSET-BACKED SECURITIES - 2.7% | ||||||||
Accelerated LLC | ||||||||
Series 2021-1H, Class A, | ||||||||
1.35%, 10/20/2040 (E) | $ 58,020 | 54,392 | ||||||
BRE Grand Islander Timeshare Issuer LLC | ||||||||
Series 2017-1A, Class A, | ||||||||
2.94%, 05/25/2029 (E) | 20,060 | 19,587 | ||||||
BXG Receivables Note Trust | ||||||||
Series 2015-A, Class A, | ||||||||
2.88%, 05/02/2030 (E) | 14,465 | 14,277 | ||||||
CIFC Funding Ltd. | ||||||||
Series 2013-2A, Class A1L2, | ||||||||
3-Month LIBOR + 1.00%, | 350,000 | 345,233 | ||||||
GoodLeap Sustainable Home Solutions Trust | ||||||||
Series 2021-4GS, Class A, | ||||||||
1.93%, 07/20/2048 (E) | 87,206 | 75,407 | ||||||
Series 2022-1GS, Class A, | ||||||||
2.70%, 01/20/2049 (E) | 236,177 | 211,889 | ||||||
JGWPT XXVI LLC | ||||||||
Series 2012-2A, Class A, | ||||||||
3.84%, 10/15/2059 (E) | 116,306 | 113,840 | ||||||
JGWPT XXVIII LLC | ||||||||
Series 2013-1A, Class A, | ||||||||
3.22%, 04/15/2067 (E) | 120,798 | 114,247 | ||||||
Laurel Road Prime Student Loan Trust | ||||||||
Series 2018-B, Class A2FX, | ||||||||
3.54%, 05/26/2043 (E) | 10,060 | 10,050 | ||||||
MVW Owner Trust | ||||||||
Series 2016-1A, Class A, | ||||||||
2.25%, 12/20/2033 (E) | 9,652 | 9,612 | ||||||
New Residential Advance Receivables Trust | ||||||||
Series 2020-T1, Class AT1, | ||||||||
1.43%, 08/15/2053 (E) | 330,000 | 315,475 | ||||||
NRZ Advance Receivables Trust | ||||||||
Series 2020-T2, Class AT2, | ||||||||
1.48%, 09/15/2053 (E) | 330,000 | 314,695 | ||||||
Octagon Investment Partners 33 Ltd. | ||||||||
Series 2017-1A, Class A1, | ||||||||
3-Month LIBOR + 1.19%, | 200,000 | 196,825 |
Transamerica Funds | Page 3 |
Transamerica Balanced II
SCHEDULE OF INVESTMENTS (continued)
At July 31, 2022
(unaudited)
Principal | Value | |||||||
ASSET-BACKED SECURITIES (continued) | ||||||||
Ocwen Master Advance Receivables Trust | ||||||||
Series 2020-T1, Class AT1, | ||||||||
1.28%, 08/15/2052 (E) | $ 106,821 | $ 106,681 | ||||||
Orange Lake Timeshare Trust | ||||||||
Series 2016-A, Class A, | ||||||||
2.61%, 03/08/2029 (E) | 35,229 | 34,286 | ||||||
Series 2019-A, Class A, | ||||||||
3.06%, 04/09/2038 (E) | 63,154 | 61,342 | ||||||
Palmer Square CLO Ltd. | ||||||||
Series 2015-2A, Class A1R2, | ||||||||
3-Month LIBOR + 1.10%, | 250,000 | 246,516 | ||||||
Sierra Timeshare Receivables Funding LLC | ||||||||
Series 2021-1A, Class A, | ||||||||
0.99%, 11/20/2037 (E) | 92,362 | 87,277 | ||||||
Towd Point Mortgage Trust | ||||||||
Series 2017-1, Class A1, | ||||||||
2.75% (D), 10/25/2056 (E) | 18,881 | 18,742 | ||||||
Series 2017-3, Class A1, | ||||||||
2.75% (D), 07/25/2057 (E) | 14,590 | 14,415 | ||||||
Series 2017-6, Class A1, | ||||||||
2.75% (D), 10/25/2057 (E) | 27,036 | 26,573 | ||||||
Series 2018-1, Class A1, | ||||||||
3.00% (D), 01/25/2058 (E) | 44,559 | 43,695 | ||||||
Series 2018-3, Class A1, | ||||||||
3.75% (D), 05/25/2058 (E) | 98,513 | 96,609 | ||||||
Series 2018-4, Class A1, | ||||||||
3.00% (D), 06/25/2058 (E) | 139,792 | 133,734 | ||||||
Series 2020-4, Class A1, | ||||||||
1.75%, 10/25/2060 (E) | 131,724 | 121,566 | ||||||
Trafigura Securitisation Finance PLC | ||||||||
Series 2021-1A, Class A2, | ||||||||
1.08%, 01/15/2025 (E) | 130,000 | 117,535 | ||||||
Welk Resorts LLC | ||||||||
Series 2017-AA, Class A, | ||||||||
2.82%, 06/15/2033 (E) | 26,139 | 25,724 | ||||||
|
| |||||||
Total Asset-Backed Securities |
| 2,930,224 | ||||||
|
| |||||||
CORPORATE DEBT SECURITIES - 13.1% | ||||||||
Aerospace & Defense - 0.2% | ||||||||
Boeing Co. | ||||||||
3.50%, 03/01/2039 | 91,000 | 69,227 | ||||||
5.15%, 05/01/2030 | 85,000 | 85,916 | ||||||
Huntington Ingalls Industries, Inc. | ||||||||
2.04%, 08/16/2028 | 108,000 | 94,559 | ||||||
|
| |||||||
249,702 | ||||||||
|
| |||||||
Air Freight & Logistics - 0.1% | ||||||||
GXO Logistics, Inc. | ||||||||
2.65%, 07/15/2031 | 153,000 | 120,072 | ||||||
|
| |||||||
Airlines - 0.2% | ||||||||
American Airlines Pass-Through Trust | ||||||||
3.20%, 12/15/2029 | 46,882 | 42,621 | ||||||
JetBlue Pass-Through Trust | ||||||||
Series 2019, Class AA, | ||||||||
2.75%, 11/15/2033 | 77,453 | 68,228 | ||||||
Mileage Plus Holdings LLC / Mileage Plus Intellectual Property Assets Ltd. | ||||||||
6.50%, 06/20/2027 (E) | 86,902 | 87,770 | ||||||
United Airlines Pass-Through Trust | ||||||||
3.75%, 03/03/2028 | 55,912 | 52,295 | ||||||
|
| |||||||
250,914 | ||||||||
|
|
Principal | Value | |||||||
CORPORATE DEBT SECURITIES (continued) | ||||||||
Auto Components - 0.1% | ||||||||
Aptiv PLC / Aptiv Corp. | ||||||||
3.25%, 03/01/2032 (C) | $ 54,000 | $ 47,754 | ||||||
BorgWarner, Inc. | ||||||||
3.38%, 03/15/2025 (C) | 36,000 | 35,378 | ||||||
|
| |||||||
83,132 | ||||||||
|
| |||||||
Automobiles - 0.1% | ||||||||
Ford Motor Co. | ||||||||
4.35%, 12/08/2026 (C) | 63,000 | 61,876 | ||||||
General Motors Co. | ||||||||
6.25%, 10/02/2043 | 15,000 | 14,862 | ||||||
|
| |||||||
76,738 | ||||||||
|
| |||||||
Banks - 1.6% | ||||||||
Banco Santander SA | ||||||||
2.75%, 12/03/2030 | 200,000 | 161,160 | ||||||
Bank of America Corp. | ||||||||
Fixed until 06/19/2040, | 47,000 | 35,816 | ||||||
Fixed until 12/20/2027, | 72,000 | 68,891 | ||||||
Fixed until 04/27/2032, | 196,000 | 197,662 | ||||||
Citigroup, Inc. | ||||||||
Fixed until 10/27/2027, | 219,000 | 209,315 | ||||||
Commerzbank AG | ||||||||
8.13%, 09/19/2023 (E) | 255,000 | 261,408 | ||||||
Intesa Sanpaolo SpA | ||||||||
Fixed until 06/01/2031, | 200,000 | 153,109 | ||||||
5.02%, 06/26/2024 (E) | 65,000 | 62,928 | ||||||
JPMorgan Chase & Co. | ||||||||
Fixed until 05/13/2030, | 63,000 | 56,400 | ||||||
Fixed until 01/25/2032, | 108,000 | 96,241 | ||||||
Fixed until 02/01/2027, | 59,000 | 57,959 | ||||||
4.13%, 12/15/2026 | 85,000 | 86,102 | ||||||
UniCredit SpA | ||||||||
Fixed until 06/03/2031, | 200,000 | 159,735 | ||||||
Wells Fargo & Co. | ||||||||
Fixed until 03/15/2026 (G), | 35,000 | 32,419 | ||||||
4.10%, 06/03/2026 | 139,000 | 139,438 | ||||||
Fixed until 06/15/2024 (G), | 40,000 | 37,971 | ||||||
|
| |||||||
1,816,554 | ||||||||
|
| |||||||
Beverages - 0.2% | ||||||||
Anheuser-Busch InBev Worldwide, Inc. | ||||||||
4.44%, 10/06/2048 | 90,000 | 85,162 | ||||||
4.75%, 01/23/2029 | 37,000 | 38,963 | ||||||
Constellation Brands, Inc. | ||||||||
3.15%, 08/01/2029 | 63,000 | 58,813 | ||||||
3.70%, 12/06/2026 | 16,000 | 15,813 | ||||||
|
| |||||||
198,751 | ||||||||
|
| |||||||
Biotechnology - 0.2% | ||||||||
AbbVie, Inc. | ||||||||
3.20%, 05/14/2026 | 47,000 | 46,562 | ||||||
4.05%, 11/21/2039 | 40,000 | 37,881 | ||||||
Amgen, Inc. | ||||||||
2.00%, 01/15/2032 (C) | 82,000 | 70,226 |
Transamerica Funds | Page 4 |
Transamerica Balanced II
SCHEDULE OF INVESTMENTS (continued)
At July 31, 2022
(unaudited)
Principal | Value | |||||||
CORPORATE DEBT SECURITIES (continued) | ||||||||
Biotechnology (continued) | ||||||||
CSL Finance PLC | ||||||||
4.63%, 04/27/2042 (E) | $ 48,000 | $ 48,355 | ||||||
Gilead Sciences, Inc. | ||||||||
4.15%, 03/01/2047 | 24,000 | 22,333 | ||||||
|
| |||||||
225,357 | ||||||||
|
| |||||||
Building Products - 0.3% | ||||||||
Carlisle Cos., Inc. | ||||||||
2.20%, 03/01/2032 | 77,000 | 62,230 | ||||||
3.75%, 12/01/2027 | 72,000 | 69,850 | ||||||
Carrier Global Corp. | ||||||||
2.72%, 02/15/2030 | 74,000 | 66,575 | ||||||
Owens Corning | ||||||||
7.00%, 12/01/2036 | 114,000 | 130,335 | ||||||
|
| |||||||
328,990 | ||||||||
|
| |||||||
Capital Markets - 0.7% | ||||||||
Charles Schwab Corp. | ||||||||
Fixed until 06/01/2026 (G), | 145,000 | 131,859 | ||||||
Deutsche Bank AG | ||||||||
Fixed until 09/18/2030, | 150,000 | 129,292 | ||||||
Goldman Sachs Group, Inc. | ||||||||
Fixed until 02/24/2032, | 181,000 | 162,016 | ||||||
6.75%, 10/01/2037 | 75,000 | 87,855 | ||||||
Jefferies Group LLC / Jefferies Group Capital Finance, Inc. | ||||||||
2.63%, 10/15/2031 | 45,000 | 36,190 | ||||||
Morgan Stanley | ||||||||
Fixed until 12/10/2025, | 68,000 | 61,071 | ||||||
Fixed until 09/16/2031, | 102,000 | 82,657 | ||||||
5.00%, 11/24/2025 | 60,000 | 61,813 | ||||||
|
| |||||||
752,753 | ||||||||
|
| |||||||
Chemicals - 0.1% | ||||||||
International Flavors & Fragrances, Inc. | ||||||||
2.30%, 11/01/2030 (E) | 74,000 | 63,443 | ||||||
|
| |||||||
Commercial Services & Supplies - 0.4% | ||||||||
ADT Security Corp. | ||||||||
4.13%, 08/01/2029 (E) | 79,000 | 71,100 | ||||||
Ashtead Capital, Inc. | ||||||||
4.25%, 11/01/2029 (E) | 200,000 | 183,699 | ||||||
ERAC USA Finance LLC | ||||||||
3.85%, 11/15/2024 (E) | 111,000 | 110,183 | ||||||
Triton Container International Ltd. / TAL International Container Corp. | ||||||||
3.25%, 03/15/2032 | 160,000 | 130,114 | ||||||
|
| |||||||
495,096 | ||||||||
|
| |||||||
Construction & Engineering - 0.0% (A) | ||||||||
Quanta Services, Inc. | ||||||||
2.90%, 10/01/2030 | 56,000 | 48,390 | ||||||
|
| |||||||
Consumer Finance - 0.5% | ||||||||
Ally Financial, Inc. | ||||||||
8.00%, 11/01/2031 | 110,000 | 124,717 | ||||||
BMW US Capital LLC | ||||||||
2.80%, 04/11/2026 (E) | 65,000 | 63,046 | ||||||
General Motors Financial Co., Inc. | ||||||||
5.00%, 04/09/2027 | 70,000 | 70,126 |
Principal | Value | |||||||
CORPORATE DEBT SECURITIES (continued) | ||||||||
Consumer Finance (continued) | ||||||||
Nissan Motor Acceptance Co. LLC | ||||||||
2.45%, 09/15/2028 (E) | $ 100,000 | $ 82,120 | ||||||
Volkswagen Group of America Finance LLC | ||||||||
1.63%, 11/24/2027 (E) | 200,000 | 174,459 | ||||||
|
| |||||||
514,468 | ||||||||
|
| |||||||
Containers & Packaging - 0.1% | ||||||||
Sonoco Products Co. | ||||||||
2.25%, 02/01/2027 | 64,000 | 58,868 | ||||||
|
| |||||||
Diversified Financial Services - 0.4% | ||||||||
AerCap Ireland Capital DAC / AerCap Global Aviation Trust | ||||||||
3.85%, 10/29/2041 (C) | 160,000 | 121,685 | ||||||
4.45%, 04/03/2026 | 150,000 | 145,598 | ||||||
Aviation Capital Group LLC | ||||||||
1.95%, 01/30/2026 (E) | 49,000 | 42,853 | ||||||
5.50%, 12/15/2024 (E) | 147,000 | 145,857 | ||||||
Kaupthing Bank | ||||||||
7.63%, 02/28/2020 (F) (H) (I) | 710,000 | 0 | ||||||
|
| |||||||
455,993 | ||||||||
|
| |||||||
Diversified Telecommunication Services - 0.3% | ||||||||
Level 3 Financing, Inc. | ||||||||
3.40%, 03/01/2027 (E) | 60,000 | 53,920 | ||||||
Sprint Capital Corp. | ||||||||
6.88%, 11/15/2028 | 24,000 | 26,940 | ||||||
Verizon Communications, Inc. | ||||||||
1.68%, 10/30/2030 (C) | 177,000 | 148,241 | ||||||
2.99%, 10/30/2056 | 105,000 | 77,025 | ||||||
|
| |||||||
306,126 | ||||||||
|
| |||||||
Electric Utilities - 0.5% | ||||||||
Appalachian Power Co. | ||||||||
3.40%, 06/01/2025 | 66,000 | 65,239 | ||||||
Cleveland Electric Illuminating Co. | ||||||||
5.95%, 12/15/2036 | 34,000 | 37,263 | ||||||
DTE Electric Co. | ||||||||
4.30%, 07/01/2044 (C) | 101,000 | 98,577 | ||||||
Duke Energy Corp. | ||||||||
3.75%, 04/15/2024 - 09/01/2046 | 108,000 | 91,896 | ||||||
Duke Energy Progress LLC | ||||||||
3.60%, 09/15/2047 | 64,000 | 56,188 | ||||||
Entergy Arkansas LLC | ||||||||
3.70%, 06/01/2024 | 48,000 | 48,205 | ||||||
Oncor Electric Delivery Co. LLC | ||||||||
5.30%, 06/01/2042 | 20,000 | 22,016 | ||||||
Pacific Gas & Electric Co. | ||||||||
2.50%, 02/01/2031 | 69,000 | 55,183 | ||||||
PacifiCorp | ||||||||
3.60%, 04/01/2024 | 61,000 | 61,317 | ||||||
5.75%, 04/01/2037 (C) | 20,000 | 22,020 | ||||||
Public Service Electric & Gas Co. | ||||||||
3.00%, 05/15/2025 | 49,000 | 48,490 | ||||||
|
| |||||||
606,394 | ||||||||
|
| |||||||
Electronic Equipment, Instruments & Components - 0.2% | ||||||||
Arrow Electronics, Inc. | ||||||||
2.95%, 02/15/2032 | 58,000 | 49,270 | ||||||
Keysight Technologies, Inc. | ||||||||
4.60%, 04/06/2027 | 86,000 | 87,850 | ||||||
Sensata Technologies, Inc. | ||||||||
4.38%, 02/15/2030 (E) | 50,000 | 46,396 | ||||||
|
| |||||||
183,516 | ||||||||
|
|
Transamerica Funds | Page 5 |
Transamerica Balanced II
SCHEDULE OF INVESTMENTS (continued)
At July 31, 2022
(unaudited)
Principal | Value | |||||||
CORPORATE DEBT SECURITIES (continued) | ||||||||
Energy Equipment & Services - 0.1% | ||||||||
Schlumberger Holdings Corp. | ||||||||
3.90%, 05/17/2028 (E) | $ 90,000 | $ 87,926 | ||||||
Schlumberger Investment SA | ||||||||
3.65%, 12/01/2023 | 26,000 | 26,210 | ||||||
|
| |||||||
114,136 | ||||||||
|
| |||||||
Equity Real Estate Investment Trusts - 1.1% | ||||||||
Broadstone Net Lease LLC | ||||||||
2.60%, 09/15/2031 | 123,000 | 100,922 | ||||||
Corporate Office Properties LP | ||||||||
2.00%, 01/15/2029 | 25,000 | 20,469 | ||||||
2.25%, 03/15/2026 | 35,000 | 31,927 | ||||||
Invitation Homes Operating Partnership LP | ||||||||
4.15%, 04/15/2032 | 48,000 | 45,083 | ||||||
Office Properties Income Trust | ||||||||
3.45%, 10/15/2031 | 76,000 | 54,205 | ||||||
Physicians Realty LP | ||||||||
2.63%, 11/01/2031 | 94,000 | 78,401 | ||||||
SBA Tower Trust | ||||||||
1.63%, 05/15/2051 (E) | 110,000 | 99,764 | ||||||
1.88%, 07/15/2050 (E) | 56,000 | 50,858 | ||||||
2.84%, 01/15/2050 (E) | 300,000 | 290,171 | ||||||
3.45%, 03/15/2048 (E) | 78,000 | 77,376 | ||||||
Simon Property Group LP | ||||||||
2.20%, 02/01/2031 (C) | 73,000 | 61,410 | ||||||
Ventas Realty LP | ||||||||
3.25%, 10/15/2026 | 86,000 | 82,245 | ||||||
VICI Properties LP | ||||||||
4.95%, 02/15/2030 (C) | 118,000 | 115,565 | ||||||
Weyerhaeuser Co. | ||||||||
4.00%, 04/15/2030 | 69,000 | 67,120 | ||||||
|
| |||||||
1,175,516 | ||||||||
|
| |||||||
Food & Staples Retailing - 0.2% | ||||||||
7-Eleven, Inc. | ||||||||
1.80%, 02/10/2031 (E) | 123,000 | 100,399 | ||||||
Sysco Corp. | ||||||||
3.30%, 07/15/2026 | 104,000 | 102,696 | ||||||
|
| |||||||
203,095 | ||||||||
|
| |||||||
Food Products - 0.2% | ||||||||
Bunge Ltd. Finance Corp. | ||||||||
2.75%, 05/14/2031 | 94,000 | 81,165 | ||||||
JBS USA LUX SA / JBS USA Food Co. / JBS USA Finance, Inc. | ||||||||
3.00%, 02/02/2029 (E) | 76,000 | 65,423 | ||||||
Pilgrim’s Pride Corp. | ||||||||
3.50%, 03/01/2032 (E) | 102,000 | 86,126 | ||||||
|
| |||||||
232,714 | ||||||||
|
| |||||||
Health Care Equipment & Supplies - 0.2% | ||||||||
Alcon Finance Corp. | ||||||||
2.75%, 09/23/2026 (E) | 200,000 | 189,815 | ||||||
Koninklijke Philips NV | ||||||||
5.00%, 03/15/2042 (C) | 37,000 | 36,453 | ||||||
|
| |||||||
226,268 | ||||||||
|
| |||||||
Health Care Providers & Services - 0.6% | ||||||||
Centene Corp. | ||||||||
3.00%, 10/15/2030 | 80,000 | 71,403 | ||||||
3.38%, 02/15/2030 | 60,000 | 54,528 | ||||||
Cigna Corp. | ||||||||
2.40%, 03/15/2030 | 61,000 | 54,717 |
Principal | Value | |||||||
CORPORATE DEBT SECURITIES (continued) | ||||||||
Health Care Providers & Services (continued) | ||||||||
CVS Health Corp. | ||||||||
2.70%, 08/21/2040 | $ 50,000 | $ 38,359 | ||||||
3.75%, 04/01/2030 | 48,000 | 46,815 | ||||||
Elevance Health, Inc. | ||||||||
2.25%, 05/15/2030 | 61,000 | 54,249 | ||||||
HCA, Inc. | ||||||||
4.13%, 06/15/2029 | 28,000 | 26,981 | ||||||
5.25%, 04/15/2025 | 16,000 | 16,298 | ||||||
5.50%, 06/15/2047 | 50,000 | 48,699 | ||||||
Laboratory Corp. of America Holdings | ||||||||
2.95%, 12/01/2029 | 51,000 | 47,100 | ||||||
Molina Healthcare, Inc. | ||||||||
4.38%, 06/15/2028 (E) | 94,000 | 90,475 | ||||||
UnitedHealth Group, Inc. | ||||||||
4.20%, 05/15/2032 | 118,000 | 123,476 | ||||||
|
| |||||||
673,100 | ||||||||
|
| |||||||
Hotels, Restaurants & Leisure - 0.2% | ||||||||
Expedia Group, Inc. | ||||||||
2.95%, 03/15/2031 | 22,000 | 18,184 | ||||||
3.80%, 02/15/2028 | 65,000 | 60,628 | ||||||
Hyatt Hotels Corp. | ||||||||
1.80%, 10/01/2024 | 41,000 | 38,804 | ||||||
Magallanes, Inc. | ||||||||
5.05%, 03/15/2042 (E) | 114,000 | 102,095 | ||||||
|
| |||||||
219,711 | ||||||||
|
| |||||||
Household Durables - 0.1% | ||||||||
DR Horton, Inc. | ||||||||
4.38%, 09/15/2022 | 74,000 | 74,030 | ||||||
|
| |||||||
Industrial Conglomerates - 0.0% (A) | ||||||||
General Electric Co. | ||||||||
4.13%, 10/09/2042 | 48,000 | 41,983 | ||||||
|
| |||||||
Insurance - 0.4% | ||||||||
Global Atlantic Finance Co. | ||||||||
3.13%, 06/15/2031 (E) | 159,000 | 128,980 | ||||||
Ohio National Financial Services, Inc. | ||||||||
6.05%, 01/24/2030 (E) | 224,000 | 219,541 | ||||||
6.63%, 05/01/2031 (E) | 45,000 | 46,366 | ||||||
Prudential Financial, Inc. | ||||||||
Fixed until 07/01/2030, | 94,000 | 82,225 | ||||||
|
| |||||||
477,112 | ||||||||
|
| |||||||
Interactive Media & Services - 0.3% | ||||||||
Baidu, Inc. | ||||||||
4.38%, 05/14/2024 | 200,000 | 201,843 | ||||||
Tencent Holdings Ltd. | ||||||||
3.28%, 04/11/2024 (E) | 97,000 | 96,259 | ||||||
|
| |||||||
298,102 | ||||||||
|
| |||||||
IT Services - 0.1% | ||||||||
Rackspace Technology Global, Inc. | ||||||||
3.50%, 02/15/2028 (C) (E) | 78,000 | 64,508 | ||||||
|
| |||||||
Media - 0.1% | ||||||||
Charter Communications Operating LLC / Charter Communications Operating Capital | ||||||||
4.80%, 03/01/2050 | 44,000 | 36,790 | ||||||
Clear Channel Outdoor Holdings, Inc. | ||||||||
5.13%, 08/15/2027 (E) | 35,000 | 32,456 | ||||||
Comcast Corp. | ||||||||
2.94%, 11/01/2056 | 17,000 | 12,573 |
Transamerica Funds | Page 6 |
Transamerica Balanced II
SCHEDULE OF INVESTMENTS (continued)
At July 31, 2022
(unaudited)
Principal | Value | |||||||
CORPORATE DEBT SECURITIES (continued) | ||||||||
Media (continued) | ||||||||
NBCUniversal Media LLC | ||||||||
4.45%, 01/15/2043 | $ 24,000 | $ 23,274 | ||||||
Paramount Global | ||||||||
4.20%, 05/19/2032 | 44,000 | 40,207 | ||||||
|
| |||||||
145,300 | ||||||||
|
| |||||||
Metals & Mining - 0.3% | ||||||||
Anglo American Capital PLC | ||||||||
4.00%, 09/11/2027 (E) | 200,000 | 192,887 | ||||||
Freeport-McMoRan, Inc. | ||||||||
4.55%, 11/14/2024 | 49,000 | 49,257 | ||||||
Glencore Funding LLC | ||||||||
2.63%, 09/23/2031 (E) | 82,000 | 67,428 | ||||||
|
| |||||||
309,572 | ||||||||
|
| |||||||
Multi-Utilities - 0.1% | ||||||||
Black Hills Corp. | ||||||||
4.25%, 11/30/2023 (C) | 71,000 | 71,336 | ||||||
CMS Energy Corp. | ||||||||
3.88%, 03/01/2024 (C) | 17,000 | 16,981 | ||||||
4.88%, 03/01/2044 (C) | 26,000 | 25,623 | ||||||
Public Service Enterprise Group, Inc. | ||||||||
2.65%, 11/15/2022 | 6,000 | 5,990 | ||||||
|
| |||||||
119,930 | ||||||||
|
| |||||||
Oil, Gas & Consumable Fuels - 0.7% | ||||||||
Boardwalk Pipelines LP | ||||||||
3.40%, 02/15/2031 | 46,000 | 40,623 | ||||||
Chevron USA, Inc. | ||||||||
3.25%, 10/15/2029 | 47,000 | 45,969 | ||||||
Energy Transfer LP | ||||||||
5.15%, 03/15/2045 | 75,000 | 67,276 | ||||||
5.95%, 10/01/2043 | 28,000 | 27,442 | ||||||
Enterprise Products Operating LLC | ||||||||
4.25%, 02/15/2048 | 104,000 | 94,358 | ||||||
Kinder Morgan Energy Partners LP | ||||||||
4.15%, 02/01/2024 | 52,000 | 52,136 | ||||||
Occidental Petroleum Corp. | ||||||||
5.55%, 03/15/2026 | 62,000 | 63,705 | ||||||
Petroleos Mexicanos | ||||||||
6.84%, 01/23/2030 | 139,000 | 116,134 | ||||||
7.69%, 01/23/2050 | 17,000 | 12,389 | ||||||
Pioneer Natural Resources Co. | ||||||||
2.15%, 01/15/2031 | 90,000 | 77,158 | ||||||
Plains All American Pipeline LP / PAA Finance Corp. | ||||||||
3.55%, 12/15/2029 | 52,000 | 47,041 | ||||||
Sabine Pass Liquefaction LLC | ||||||||
4.20%, 03/15/2028 | 41,000 | 40,054 | ||||||
Shell International Finance BV | ||||||||
2.50%, 09/12/2026 (C) | 103,000 | 99,937 | ||||||
3.75%, 09/12/2046 | 30,000 | 27,002 | ||||||
Williams Cos., Inc. | ||||||||
5.40%, 03/04/2044 | 28,000 | 27,861 | ||||||
|
| |||||||
839,085 | ||||||||
|
| |||||||
Pharmaceuticals - 0.2% | ||||||||
Astrazeneca Finance LLC | ||||||||
1.20%, 05/28/2026 | 40,000 | 36,930 | ||||||
AstraZeneca PLC | ||||||||
4.38%, 08/17/2048 | 34,000 | 35,162 | ||||||
Bristol-Myers Squibb Co. | ||||||||
1.45%, 11/13/2030 | 67,000 | 57,589 |
Principal | Value | |||||||
CORPORATE DEBT SECURITIES (continued) | ||||||||
Pharmaceuticals (continued) | ||||||||
Royalty Pharma PLC | ||||||||
2.20%, 09/02/2030 | $ 77,000 | $ 65,109 | ||||||
Viatris, Inc. | ||||||||
2.30%, 06/22/2027 | 76,000 | 66,311 | ||||||
|
| |||||||
261,101 | ||||||||
|
| |||||||
Professional Services - 0.0% (A) | ||||||||
Equifax, Inc. | ||||||||
2.60%, 12/01/2024 | 52,000 | 50,455 | ||||||
|
| |||||||
Road & Rail - 0.3% | ||||||||
Avolon Holdings Funding Ltd. | ||||||||
2.88%, 02/15/2025 (E) | 121,000 | 111,904 | ||||||
5.50%, 01/15/2026 (E) | 47,000 | 45,626 | ||||||
Burlington Northern Santa Fe LLC | ||||||||
4.45%, 01/15/2053 | 136,000 | 140,283 | ||||||
|
| |||||||
297,813 | ||||||||
|
| |||||||
Semiconductors & Semiconductor Equipment - 0.7% | ||||||||
Advanced Micro Devices, Inc. | ||||||||
3.92%, 06/01/2032 | 166,000 | 168,880 | ||||||
Broadcom, Inc. | ||||||||
1.95%, 02/15/2028 (E) | 31,000 | 27,260 | ||||||
KLA Corp. | ||||||||
3.30%, 03/01/2050 (C) | 56,000 | 47,251 | ||||||
Microchip Technology, Inc. | ||||||||
0.98%, 09/01/2024 | 70,000 | 65,640 | ||||||
Micron Technology, Inc. | ||||||||
2.70%, 04/15/2032 | 122,000 | 101,075 | ||||||
NXP BV / NXP Funding LLC / NXP USA, Inc. | ||||||||
3.25%, 11/30/2051 (C) | 39,000 | 28,167 | ||||||
3.40%, 05/01/2030 (C) | 75,000 | 68,532 | ||||||
QUALCOMM, Inc. | ||||||||
3.25%, 05/20/2027 - 05/20/2050 (C) | 87,000 | 81,849 | ||||||
Skyworks Solutions, Inc. | ||||||||
1.80%, 06/01/2026 | 39,000 | 35,356 | ||||||
TSMC Global Ltd. | ||||||||
1.38%, 09/28/2030 (E) | 200,000 | 162,600 | ||||||
|
| |||||||
786,610 | ||||||||
|
| |||||||
Software - 0.3% | ||||||||
Crowdstrike Holdings, Inc. | ||||||||
3.00%, 02/15/2029 (C) | 15,000 | 13,701 | ||||||
Infor, Inc. | ||||||||
1.75%, 07/15/2025 (E) | 68,000 | 63,710 | ||||||
Take-Two Interactive Software, Inc. | ||||||||
3.55%, 04/14/2025 | 114,000 | 113,083 | ||||||
Workday, Inc. | ||||||||
3.50%, 04/01/2027 | 104,000 | 101,952 | ||||||
|
| |||||||
292,446 | ||||||||
|
| |||||||
Specialty Retail - 0.1% | ||||||||
Lowe’s Cos., Inc. | ||||||||
3.75%, 04/01/2032 | 80,000 | 77,775 | ||||||
|
| |||||||
Technology Hardware, Storage & Peripherals - 0.3% | ||||||||
Apple, Inc. | ||||||||
2.65%, 05/11/2050 | 40,000 | 31,612 | ||||||
Dell International LLC / EMC Corp. | ||||||||
6.02%, 06/15/2026 | 60,000 | 63,737 | ||||||
Seagate HDD Cayman | ||||||||
4.13%, 01/15/2031 | 115,000 | 99,889 | ||||||
Western Digital Corp. | ||||||||
2.85%, 02/01/2029 | 117,000 | 98,719 | ||||||
|
| |||||||
293,957 | ||||||||
|
|
Transamerica Funds | Page 7 |
Transamerica Balanced II
SCHEDULE OF INVESTMENTS (continued)
At July 31, 2022
(unaudited)
Principal | Value | |||||||
CORPORATE DEBT SECURITIES (continued) | ||||||||
Tobacco - 0.2% | ||||||||
BAT Capital Corp. | ||||||||
2.26%, 03/25/2028 | $ 128,000 | $ 109,676 | ||||||
4.91%, 04/02/2030 | 52,000 | 49,541 | ||||||
BAT International Finance PLC | ||||||||
4.45%, 03/16/2028 | 70,000 | 67,029 | ||||||
|
| |||||||
226,246 | ||||||||
|
| |||||||
Wireless Telecommunication Services - 0.1% | ||||||||
Sprint Corp. | ||||||||
7.88%, 09/15/2023 | 42,000 | 43,511 | ||||||
T-Mobile USA, Inc. | ||||||||
3.88%, 04/15/2030 | 135,000 | 129,949 | ||||||
|
| |||||||
173,460 | ||||||||
|
| |||||||
Total Corporate Debt Securities |
| 14,509,282 | ||||||
|
| |||||||
FOREIGN GOVERNMENT OBLIGATIONS - 0.4% | ||||||||
Colombia - 0.2% | ||||||||
Colombia Government International Bond | ||||||||
4.50%, 01/28/2026 | 200,000 | 191,576 | ||||||
|
| |||||||
Mexico - 0.1% | ||||||||
Mexico Government International Bond | ||||||||
3.75%, 01/11/2028 | 116,000 | 113,754 | ||||||
|
| |||||||
Peru - 0.1% | ||||||||
Peru Government International Bond | ||||||||
7.35%, 07/21/2025 | 100,000 | 108,792 | ||||||
|
| |||||||
Total Foreign Government Obligations |
| 414,122 | ||||||
|
| |||||||
MORTGAGE-BACKED SECURITIES - 2.6% | ||||||||
Alternative Loan Trust | ||||||||
Series 2007-22, Class 2A16, | ||||||||
6.50%, 09/25/2037 | 141,938 | 67,346 | ||||||
BB-UBS Trust | ||||||||
Series 2012-TFT, Class A, | ||||||||
2.89%, 06/05/2030 (E) | 39,845 | 38,829 | ||||||
CIM Trust | ||||||||
Series 2021-R6, Class A1, | ||||||||
1.43% (D), 07/25/2061 (E) | 193,086 | 176,591 | ||||||
Citigroup Commercial Mortgage Trust | ||||||||
Series 2014-GC19, Class A3, | ||||||||
3.75%, 03/10/2047 | 21,150 | 20,964 | ||||||
Series 2014-GC19, Class A4, | ||||||||
4.02%, 03/10/2047 | 65,000 | 64,933 | ||||||
Series 2015-GC27, Class B, | ||||||||
3.77%, 02/10/2048 | 157,700 | 151,825 | ||||||
Citigroup Mortgage Loan Trust, Inc. | ||||||||
Series 2018-RP1, Class A1, | ||||||||
3.00% (D), 09/25/2064 (E) | 32,287 | 31,700 | ||||||
COMM Mortgage Trust | ||||||||
Series 2013-CR11, Class AM, | ||||||||
4.72% (D), 08/10/2050 | 120,000 | 119,750 | ||||||
Series 2013-GAM, Class A2, | ||||||||
3.37%, 02/10/2028 (E) | 81,814 | 80,627 | ||||||
Series 2015-3BP, Class A, | ||||||||
3.18%, 02/10/2035 (E) | 310,000 | 296,636 | ||||||
Commercial Mortgage Pass-Through Certificates Trust | ||||||||
Series 2012-LTRT, Class A2, | ||||||||
3.40%, 10/05/2030 (E) | 100,000 | 94,000 |
Principal | Value | |||||||
MORTGAGE-BACKED SECURITIES (continued) | ||||||||
CSMC Trust | ||||||||
Series 2021-RPL2, Class A1A, | ||||||||
1.11% (D), 01/25/2060 (E) | $ 158,074 | $ 138,399 | ||||||
Series 2021-RPL6, Class A1, | ||||||||
2.00% (D), 10/25/2060 (E) | 139,893 | 128,900 | ||||||
Fontainebleau Miami Beach Trust | ||||||||
Series 2019-FBLU, Class B, | ||||||||
3.45%, 12/10/2036 (E) | 150,000 | 144,132 | ||||||
GMACM Mortgage Loan Trust | ||||||||
Series 2005-AR1, Class 3A, | ||||||||
3.22% (D), 03/18/2035 | 11,187 | 10,225 | ||||||
GS Mortgage Securities Trust | ||||||||
Series 2013-G1, Class A2, | ||||||||
3.56% (D), 04/10/2031 (E) | 285,000 | 282,089 | ||||||
Impac CMB Trust | ||||||||
Series 2004-6, Class 1A1, | ||||||||
1-Month LIBOR + 0.80%, | 14,409 | 13,925 | ||||||
IndyMac INDX Mortgage Loan Trust | ||||||||
Series 2007-AR15, Class 2A1, | ||||||||
3.26% (D), 08/25/2037 | 87,533 | 71,685 | ||||||
Merrill Lynch Mortgage Investors Trust | ||||||||
Series 2003-F, Class A1, | ||||||||
1-Month LIBOR + 0.64%, | 8,434 | 8,013 | ||||||
Nationstar Mortgage Loan Trust | ||||||||
Series 2013-A, Class A, | ||||||||
3.75% (D), 12/25/2052 (E) | 30,230 | 28,853 | ||||||
New Residential Mortgage Loan Trust | ||||||||
Series 2014-1A, Class A, | ||||||||
3.75% (D), 01/25/2054 (E) | 14,755 | 14,346 | ||||||
Series 2014-2A, Class A3, | ||||||||
3.75% (D), 05/25/2054 (E) | 35,182 | 33,856 | ||||||
Series 2014-3A, Class AFX3, | ||||||||
3.75% (D), 11/25/2054 (E) | 27,228 | 26,483 | ||||||
Series 2016-3A, Class A1B, | ||||||||
3.25% (D), 09/25/2056 (E) | 23,149 | 22,096 | ||||||
Series 2017-1A, Class A1, | ||||||||
4.00% (D), 02/25/2057 (E) | 49,885 | 49,339 | ||||||
Series 2017-3A, Class A1, | ||||||||
4.00% (D), 04/25/2057 (E) | 84,443 | 83,391 | ||||||
Series 2017-4A, Class A1, | ||||||||
4.00% (D), 05/25/2057 (E) | 28,503 | 27,681 | ||||||
Series 2018-RPL1, Class A1, | ||||||||
3.50% (D), 12/25/2057 (E) | 31,899 | 31,195 | ||||||
Series 2019-4A, Class A1B, | ||||||||
3.50% (D), 12/25/2058 (E) | 108,743 | 105,905 | ||||||
Series 2019-5A, Class A1B, | ||||||||
3.50% (D), 08/25/2059 (E) | 94,218 | 92,371 | ||||||
One Market Plaza Trust | ||||||||
Series 2017-1MKT, Class A, | ||||||||
3.61%, 02/10/2032 (E) | 195,000 | 191,479 | ||||||
Structured Asset Mortgage Investments II Trust | ||||||||
Series 2003-AR4, Class A1, | ||||||||
1-Month LIBOR + 0.70%, | 34,656 | 33,364 | ||||||
Towd Point Mortgage Trust | ||||||||
Series 2021-1, Class A1, | ||||||||
2.25% (D), 11/25/2061 (E) | 173,088 | 161,723 | ||||||
|
| |||||||
Total Mortgage-Backed Securities |
| 2,842,651 | ||||||
|
| |||||||
U.S. GOVERNMENT AGENCY OBLIGATIONS - 9.4% | ||||||||
Federal Home Loan Mortgage Corp. | ||||||||
12-Month LIBOR + 1.90%, | 1,690 | 1,701 |
Transamerica Funds | Page 8 |
Transamerica Balanced II
SCHEDULE OF INVESTMENTS (continued)
At July 31, 2022
(unaudited)
Principal | Value | |||||||
U.S. GOVERNMENT AGENCY OBLIGATIONS (continued) | ||||||||
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates | ||||||||
1.38%, 06/25/2030 | $ 245,000 | $ 213,803 | ||||||
2.89%, 06/25/2027 | 54,820 | 54,891 | ||||||
3.01%, 07/25/2025 | 188,000 | 186,473 | ||||||
3.06% (D), 07/25/2023 | 50,000 | 49,789 | ||||||
3.06% (D), 08/25/2024 | 397,422 | 395,007 | ||||||
3.53% (D), 10/25/2023 | 110,000 | 110,008 | ||||||
Federal National Mortgage Association | ||||||||
12-Month LIBOR + 1.75%, | 473 | 471 | ||||||
3.33% (D), 10/25/2023 | 23,729 | 23,548 | ||||||
3.50%, 11/01/2028 - 01/01/2029 | 35,027 | 35,523 | ||||||
4.00%, 10/01/2025 - 07/01/2026 | 7,284 | 7,425 | ||||||
4.50%, 02/01/2025 | 585 | 602 | ||||||
5.00%, 04/01/2039 - 11/01/2039 | 62,249 | 65,458 | ||||||
5.50%, 09/01/2036 - 12/01/2041 | 114,357 | 122,418 | ||||||
6.00%, 05/01/2038 - 04/01/2040 | 62,852 | 68,406 | ||||||
6.50%, 05/01/2040 | 17,336 | 18,944 | ||||||
Government National Mortgage Association, Interest Only STRIPS | ||||||||
Series 2012-120, Class IO, | ||||||||
0.65% (D), 02/16/2053 | 77,365 | 1,377 | ||||||
Tennessee Valley Authority | ||||||||
5.88%, 04/01/2036 | 79,000 | 100,007 | ||||||
Uniform Mortgage-Backed Security | ||||||||
2.00%, TBA (J) | 2,528,000 | 2,332,161 | ||||||
2.50%, TBA (J) | 2,397,000 | 2,251,005 | ||||||
3.00%, TBA (J) | 1,564,000 | 1,508,282 | ||||||
3.50%, TBA (J) | 1,655,000 | 1,639,971 | ||||||
4.00%, TBA (J) | 1,123,000 | 1,129,405 | ||||||
|
| |||||||
Total U.S. Government Agency Obligations |
| 10,316,675 | ||||||
|
| |||||||
U.S. GOVERNMENT OBLIGATIONS - 10.8% | ||||||||
U.S. Treasury - 9.5% | ||||||||
U.S. Treasury Bond | ||||||||
1.25%, 05/15/2050 | 497,000 | 328,932 | ||||||
1.88%, 02/15/2051 - 11/15/2051 | 749,000 | 583,640 | ||||||
2.00%, 02/15/2050 | 301,000 | 242,199 | ||||||
2.25%, 08/15/2046 | 95,000 | 79,136 | ||||||
2.25%, 02/15/2052 (C) | 155,000 | 132,380 | ||||||
2.38%, 02/15/2042 - 05/15/2051 | 442,000 | 387,973 | ||||||
2.50%, 02/15/2045 - 05/15/2046 | 355,000 | 311,009 | ||||||
2.75%, 08/15/2042 - 11/15/2047 | 632,500 | 585,455 | ||||||
2.88%, 08/15/2045 - 05/15/2049 | 356,300 | 339,330 | ||||||
3.00%, 05/15/2042 - 08/15/2048 | 166,100 | 161,896 | ||||||
3.13%, 02/15/2042 - 05/15/2048 | 223,500 | 221,890 | ||||||
3.63%, 02/15/2044 | 242,300 | 256,630 | ||||||
5.25%, 02/15/2029 | 309,000 | 355,772 | ||||||
U.S. Treasury Note | ||||||||
0.13%, 12/31/2022 - 05/31/2023 | 155,000 | 152,161 | ||||||
0.25%, 08/31/2025 (C) | 249,000 | 230,072 | ||||||
0.63%, 05/15/2030 - 08/15/2030 | 672,000 | 575,326 | ||||||
0.88%, 06/30/2026 | 199,000 | 185,031 | ||||||
1.13%, 02/15/2031 | 434,000 | 384,938 | ||||||
1.25%, 11/30/2026 | 243,000 | 228,344 | ||||||
1.38%, 11/15/2031 | 397,000 | 355,997 | ||||||
1.50%, 08/15/2026 - 02/15/2030 | 406,300 | 382,997 | ||||||
1.63%, 11/15/2022 - 05/15/2031 | 1,127,900 | 1,069,839 | ||||||
1.75%, 05/15/2023 | 204,000 | 202,072 | ||||||
1.88%, 02/15/2032 | 622,100 | 581,955 | ||||||
2.00%, 02/15/2025 | 93,000 | 91,049 | ||||||
2.13%, 05/15/2025 (C) | 110,000 | 107,852 | ||||||
2.25%, 11/15/2025 - 11/15/2027 | 533,300 | 521,642 |
Principal | Value | |||||||
U.S. GOVERNMENT OBLIGATIONS (continued) | ||||||||
U.S. Treasury (continued) | ||||||||
U.S. Treasury Note (continued) | ||||||||
2.38%, 01/31/2023 - 02/29/2024 | $ 270,000 | $ 268,527 | ||||||
2.50%, 08/15/2023 - 01/31/2024 | 286,000 | 284,261 | ||||||
2.50%, 05/31/2024 (C) | 37,000 | 36,718 | ||||||
2.75%, 05/15/2025 | 56,000 | 55,838 | ||||||
2.88%, 08/15/2028 | 95,000 | 95,746 | ||||||
2.88%, 05/15/2032 (C) | 530,200 | 540,721 | ||||||
3.13%, 11/15/2028 | 183,500 | 187,722 | ||||||
|
| |||||||
10,525,050 | ||||||||
|
| |||||||
U.S. Treasury Inflation-Protected Securities - 1.3% | ||||||||
U.S. Treasury Inflation-Protected Indexed Bond | ||||||||
0.25%, 02/15/2050 | 193,208 | 167,390 | ||||||
1.75%, 01/15/2028 | 100,429 | 109,699 | ||||||
2.50%, 01/15/2029 | 371,159 | 428,308 | ||||||
U.S. Treasury Inflation-Protected Indexed Note | ||||||||
0.13%, 07/15/2030 | 199,437 | 200,128 | ||||||
0.63%, 01/15/2024 | 524,787 | 531,907 | ||||||
|
| |||||||
1,437,432 | ||||||||
|
| |||||||
Total U.S. Government Obligations |
| 11,962,482 | ||||||
|
| |||||||
COMMERCIAL PAPER - 7.1% | ||||||||
Banks - 1.8% | ||||||||
Concord Minutemen Capital Co. LLC | ||||||||
1.70% (K), 09/02/2022 | 490,000 | 488,858 | ||||||
DBS Bank Ltd. | ||||||||
1.48% (K), 08/16/2022 | 425,000 | 424,505 | ||||||
Mackinac Funding Co. LLC | ||||||||
1.71% (K), 09/02/2022 | 375,000 | 374,111 | ||||||
Macquarie Bank Ltd. | ||||||||
1.77% (K), 09/01/2022 | 500,000 | 498,871 | ||||||
Svenska Handelsbanken AB | ||||||||
1.51% (K), 08/29/2022 | 250,000 | 249,497 | ||||||
|
| |||||||
2,035,842 | ||||||||
|
| |||||||
Diversified Financial Services - 4.0% | ||||||||
Anglesea Funding LLC | ||||||||
2.49% (K), 10/11/2022 | 500,000 | 497,240 | ||||||
Atlantic Asset Securitization LLC | ||||||||
1.43% (K), 08/17/2022 | 500,000 | 499,383 | ||||||
Cancara Asset Securitisation LLC | ||||||||
1.42% (K), 08/16/2022 | 475,000 | 474,441 | ||||||
Fairway Finance Co. LLC | ||||||||
1.93% (K), 08/30/2022 | 450,000 | 449,040 | ||||||
Glencove Funding LLC | ||||||||
2.53% (K), 10/06/2022 | 350,000 | 348,238 | ||||||
Liberty Street Funding LLC | ||||||||
2.55% (K), 10/20/2022 | 350,000 | 347,777 | ||||||
Mont Blanc Capital Corp. | ||||||||
2.55% (K), 10/13/2022 | 475,000 | 472,297 | ||||||
Nieuw Amsterdam Receivables Corp. BV | ||||||||
1.32% (K), 08/03/2022 | 333,000 | 332,893 | ||||||
Ridgefield Funding Co. LLC | ||||||||
1.76% (K), 09/12/2022 | 500,000 | 498,466 | ||||||
Sheffield Receivables Co. LLC | ||||||||
1.68% (K), 09/07/2022 | 500,000 | 498,613 | ||||||
|
| |||||||
4,418,388 | ||||||||
|
| |||||||
Electrical Equipment - 0.5% | ||||||||
Emerson Electric Co. | ||||||||
2.32% (K), 09/01/2022 | 500,000 | 498,898 | ||||||
|
|
Transamerica Funds | Page 9 |
Transamerica Balanced II
SCHEDULE OF INVESTMENTS (continued)
At July 31, 2022
(unaudited)
Principal | Value | |||||||
COMMERCIAL PAPER (continued) | ||||||||
Food Products - 0.4% | ||||||||
Britannia Funding Co. LLC | ||||||||
1.44% (K), 08/11/2022 | $ 475,000 | $ 474,601 | ||||||
|
| |||||||
Software - 0.4% | ||||||||
Manhattan Asset Funding Co. LLC | ||||||||
1.07% (K), 08/02/2022 | 450,000 | 449,884 | ||||||
|
| |||||||
Total Commercial Paper |
| 7,877,613 | ||||||
|
| |||||||
SHORT-TERM U.S. GOVERNMENT OBLIGATIONS - 0.9% | ||||||||
U.S. Treasury Bill | ||||||||
0.84% (K), 08/04/2022 | 125,000 | 124,981 | ||||||
1.12% (K), 09/01/2022 | 225,000 | 224,588 | ||||||
1.26% (K), 09/08/2022 (C) | 495,000 | 493,901 | ||||||
1.66% (K), 09/15/2022 | 175,000 | 174,541 | ||||||
|
| |||||||
Total Short-Term U.S. Government Obligations |
| 1,018,011 | ||||||
|
|
Shares | Value | |||||||
OTHER INVESTMENT COMPANY - 1.6% | ||||||||
Securities Lending Collateral - 1.6% | ||||||||
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, | 1,764,057 | $ 1,764,057 | ||||||
|
| |||||||
Total Other Investment Company |
| 1,764,057 | ||||||
|
| |||||||
Total Investments |
| 119,068,856 | ||||||
Net Other Assets (Liabilities) - (7.9)% | (8,668,778 | ) | ||||||
|
| |||||||
Net Assets - 100.0% | $ 110,400,078 | |||||||
|
|
Futures Contracts
Long Futures Contracts
Description | Number of Contracts | Expiration Date | Notional Amount | Value | Unrealized Appreciation | Unrealized Depreciation | ||||||||||||||||||||||||
S&P 500® E-Mini Index | 4 | 09/16/2022 | $ | 748,021 | $ | 826,700 | $ | 78,679 | $ | — |
INVESTMENT VALUATION:
Valuation Inputs (L)
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Significant Observable Inputs | Level 3 - Significant Unobservable Inputs (M) | Value | |||||||||||||
ASSETS |
| |||||||||||||||
Investments |
| |||||||||||||||
Common Stocks | $ | 65,426,683 | $ | — | $ | — | $ | 65,426,683 | ||||||||
Preferred Stock | 7,056 | — | — | 7,056 | ||||||||||||
Asset-Backed Securities | — | 2,930,224 | — | 2,930,224 | ||||||||||||
Corporate Debt Securities | — | 14,509,282 | 0 | 14,509,282 | ||||||||||||
Foreign Government Obligations | — | 414,122 | — | 414,122 | ||||||||||||
Mortgage-Backed Securities | — | 2,842,651 | — | 2,842,651 | ||||||||||||
U.S. Government Agency Obligations | — | 10,316,675 | — | 10,316,675 | ||||||||||||
U.S. Government Obligations | — | 11,962,482 | — | 11,962,482 | ||||||||||||
Commercial Paper | — | 7,877,613 | — | 7,877,613 | ||||||||||||
Short-Term U.S. Government Obligations | — | 1,018,011 | — | 1,018,011 | ||||||||||||
Other Investment Company | 1,764,057 | — | — | 1,764,057 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | $ | 67,197,796 | $ | 51,871,060 | $ | 0 | $ | 119,068,856 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Other Financial Instruments |
| |||||||||||||||
Futures Contracts (N) | $ | 78,679 | $ | — | $ | — | $ | 78,679 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Total Other Financial Instruments | $ | 78,679 | $ | — | $ | — | $ | 78,679 | ||||||||
|
|
|
|
|
|
|
|
Transamerica Funds | Page 10 |
Transamerica Balanced II
SCHEDULE OF INVESTMENTS (continued)
At July 31, 2022
(unaudited)
FOOTNOTES TO SCHEDULE OF INVESTMENTS:
(A) | Percentage rounds to less than 0.1% or (0.1)%. | |
(B) | Non-income producing securities. | |
(C) | All or a portion of the securities are on loan. The total value of all securities on loan is $2,654,308, collateralized by cash collateral of $1,764,057 and non-cash collateral, such as U.S. government securities and irrevocable letters of credit, of $945,769. 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) | Floating or variable rate securities. The rates disclosed are as of July 31, 2022. For securities based on a published reference rate and spread, the reference rate and spread are indicated within the description. Variable rate securities with a floor or ceiling feature are disclosed at the inherent rate, where applicable. Certain variable rate securities are not based on a published reference rate and spread, but are determined by the issuer or agent and are based on current market conditions; these securities do not indicate a reference rate and spread in the description. | |
(E) | Securities are exempt from registration pursuant to Rule 144A of the Securities Act of 1933. Securities may be resold as transactions exempt from registration, normally to qualified institutional buyers. At July 31, 2022, the total value of 144A securities is $9,521,179, representing 8.6% of the Fund’s net assets. | |
(F) | Securities deemed worthless. | |
(G) | Perpetual maturity. The date displayed is the next call date. | |
(H) | Security is Level 3 of the fair value hierarchy. | |
(I) | Fair valued as determined in good faith in accordance with procedures established by the Board. At July 31, 2022, the value of the security is $0, representing 0.00% of the Fund’s net assets. | |
(J) | When-issued, delayed-delivery and/or forward commitment (including TBAs) securities. Securities to be settled and delivered after July 31, 2022. Securities may display a coupon rate of 0.00%, as the rate is to be determined at time of settlement. | |
(K) | Rates disclosed reflect the yields at July 31, 2022. | |
(L) | There were no transfers in or out of Level 3 during the period ended July 31, 2022. Please reference the Investment Valuation section of the Notes to Schedule of Investments for more information regarding investment valuation and pricing inputs. | |
(M) | Level 3 securities were not considered significant to the Fund. | |
(N) | Derivative instruments are valued at unrealized appreciation (depreciation). |
PORTFOLIO ABBREVIATIONS:
LIBOR | London Interbank Offered Rate | |
STRIPS | Separate Trading of Registered Interest and Principal of Securities | |
TBA | To Be Announced |
Transamerica Funds | Page 11 |
Transamerica Balanced II
NOTES TO SCHEDULE OF INVESTMENTS
At July 31, 2022
(unaudited)
INVESTMENT VALUATION
Transamerica Balanced II (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 July 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.
Asset-backed securities: The fair value of asset-backed securities is estimated based on models that consider the estimated cash flows of each tranche of the entity, establish a benchmark yield, and develop an estimated tranche specific spread to the benchmark yield based on the unique attributes of the tranche. To the extent the inputs are observable and timely, the values would generally be categorized in Level 2 of the fair value hierarchy; otherwise they would be categorized in Level 3.
Corporate debt securities: The fair value of corporate debt securities is estimated using various techniques, which consider recently executed transactions in securities of the issuer or comparable issuers, market price quotations (where observable), bond spreads, fundamental data relating to the issuer, and credit default swap spreads adjusted for any basis difference between cash and derivative instruments. While most corporate debt securities are categorized in Level 2 of the fair value hierarchy, in instances where lower relative weight is placed on transaction prices, quotations, or similar observable inputs, they are categorized in Level 3.
Transamerica Funds | Page 12 |
Transamerica Balanced II
NOTES TO SCHEDULE OF INVESTMENTS
At July 31, 2022
(unaudited)
Foreign government obligations: Foreign government obligations are normally valued using a model that incorporates market observable data such as reported sales of similar securities, broker quotes, yields, bids, offers, and reference data. Certain securities are valued by principally using dealer quotations. Foreign government obligations generally are categorized in Level 2 of the fair value hierarchy, or Level 3 if inputs are unobservable.
Mortgage-backed securities: The fair value of mortgage-backed securities is estimated based on models that consider issuer type, coupon, cash flows, mortgage prepayment projection tables and adjustable rate mortgage evaluations that incorporate index data, periodic life caps and the next coupon reset date. To the extent the inputs are observable and timely, the values would generally be categorized in Level 2 of the fair value hierarchy; otherwise they are categorized in Level 3.
U.S. government agency obligations: U.S. government agency obligations are comprised of two main categories consisting of agency issued debt and mortgage pass-throughs. Generally, agency issued debt securities are valued in a manner similar to U.S. government obligations. Mortgage pass-throughs include to be announced (“TBA”) securities and mortgage pass-through certificates. Generally, TBA securities and mortgage pass-throughs are valued using dealer quotations. Depending on market activity levels and whether quotations or other observable data are used, these securities are typically categorized in Level 2 of the fair value hierarchy; otherwise they would be categorized in Level 3.
U.S. government obligations: U.S. government obligations are normally valued using a model that incorporates market observable data such as reported sales of similar securities, broker quotes, yields, bids, offers, and reference data. Certain securities are valued by principally using dealer quotations. U.S. government obligations generally are categorized in Level 2 of the fair value hierarchy, or Level 3 if inputs are unobservable.
Commercial paper: Commercial paper is valued using amortized cost, which approximates fair value. The values are generally categorized in Level 2 of the fair value hierarchy, or Level 3 if inputs are unobservable.
Short-term notes: The Fund normally value short-term government and U.S. government agency securities using a model that incorporates market observable data such as reported sales of similar securities, broker quotes, yields, bids, offers and reference data. Certain securities are valued by principally using dealer quotations. Short-term government and U.S. government agency securities generally are categorized in Level 2 of the fair value hierarchy, or Level 3 if inputs are unobservable.
Securities lending collateral: Securities lending collateral is invested in a money market fund which is valued at the actively traded NAV and no valuation adjustments are applied. Securities lending collateral is categorized in Level 1 of the fair value hierarchy.
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 13 |