Transamerica Bond (IDITX) NPORT-P Transamerica Large Value Opportunities (Jul 2022 report)

Transamerica Large Value Opportunities

SCHEDULE OF INVESTMENTS

At July 31, 2022

(unaudited)

		Shares		Value
COMMON STOCKS - 97.7%
Aerospace & Defense - 2.3%
General Dynamics Corp.			13,457		$  3,050,298
Lockheed Martin Corp.			11,868		4,911,097
					7,961,395
Air Freight & Logistics - 1.6%
Expeditors International of Washington, Inc.			4,844		514,675
United Parcel Service, Inc., Class B			25,647		4,998,344
					5,513,019
Airlines - 0.1%
Copa Holdings SA, Class A (A) (B)			4,381		294,491
Banks - 6.0%
Bank of America Corp.			33,990		1,149,202
Citigroup, Inc.			68,951		3,578,557
Citizens Financial Group, Inc.			31,128		1,181,930
Comerica, Inc.			16,754		1,302,958
Commerce Bancshares, Inc.			31,175		2,166,351
JPMorgan Chase & Co.			25,147		2,900,958
KeyCorp			93,404		1,709,293
Prosperity Bancshares, Inc.			29,514		2,186,692
US Bancorp			91,393		4,313,750
					20,489,691
Beverages - 1.2%
Brown-Forman Corp., Class B			15,304		1,135,863
Coca-Cola Co.			23,169		1,486,755
PepsiCo, Inc.			8,313		1,454,442
					4,077,060
Biotechnology - 2.7%
AbbVie, Inc.			18,863		2,707,029
Amgen, Inc.			17,248		4,268,363
Regeneron Pharmaceuticals, Inc. (A)			4,042		2,351,191
					9,326,583
Building Products - 0.2%
Owens Corning			6,263		580,831
Capital Markets - 2.5%
Ameriprise Financial, Inc.			13,364		3,607,211
Charles Schwab Corp.			46,265		3,194,598
Interactive Brokers Group, Inc., Class A			15,873		931,586
T. Rowe Price Group, Inc.			6,127		756,501
					8,489,896
Chemicals - 2.0%
Celanese Corp.	��		6,316		742,193
CF Industries Holdings, Inc.			3,751		358,183
Dow, Inc.			65,410		3,480,466
LyondellBasell Industries NV, Class A			13,221		1,178,256
Mosaic Co.			16,971		893,693
					6,652,791
Communications Equipment - 1.6%
Cisco Systems, Inc.			123,437		5,600,337
Consumer Finance - 2.3%
Ally Financial, Inc.			25,170		832,372

	Shares		Value
COMMON STOCKS (continued)
Consumer Finance (continued)
American Express Co.		20,987		$   3,232,417
Capital One Financial Corp.		18,766		2,061,070
Discover Financial Services		18,282		1,846,482
				7,972,341
Containers & Packaging - 0.8%
Packaging Corp. of America		20,075		2,822,746
Diversified Financial Services - 2.8%
Berkshire Hathaway, Inc., Class B (A)		31,278		9,402,167
Voya Financial, Inc.		3,883		233,601
				9,635,768
Diversified Telecommunication Services - 0.2%
Lumen Technologies, Inc.		53,546		583,116
Verizon Communications, Inc.		2,845		131,410
				714,526
Electric Utilities - 1.5%
Edison International		12,765		865,084
Hawaiian Electric Industries, Inc.		66,938		2,831,477
NRG Energy, Inc.		33,197		1,253,187
PPL Corp.		3,933		114,372
				5,064,120
Electronic Equipment, Instruments & Components - 0.4%
Arrow Electronics, Inc. (A)		10,712		1,372,957
Equity Real Estate Investment Trusts - 3.6%
Brixmor Property Group, Inc.		12,627		292,694
Douglas Emmett, Inc.		39,380		930,943
Host Hotels & Resorts, Inc.		89,613		1,596,008
Kilroy Realty Corp.		23,946		1,297,394
Mid-America Apartment Communities, Inc.		3,559		661,013
Simon Property Group, Inc.		7,660		832,182
SL Green Realty Corp. (B)		27,763		1,378,433
Vornado Realty Trust		67,933		2,064,484
Weyerhaeuser Co.		85,532		3,106,522
				12,159,673
Food & Staples Retailing - 0.5%
Kroger Co.		30,823		1,431,420
Walmart, Inc.		2,793		368,816
				1,800,236
Food Products - 3.1%
Hershey Co.		16,877		3,847,281
Seaboard Corp.		795		3,228,209
Tyson Foods, Inc., Class A		41,062		3,613,866
				10,689,356
Gas Utilities - 0.6%
National Fuel Gas Co.		28,864		2,088,022
Health Care Equipment & Supplies - 2.2%
Abbott Laboratories		15,865		1,726,747
Hologic, Inc. (A)		14,118		1,007,743
Medtronic PLC		52,691		4,874,971
				7,609,461
Health Care Providers & Services - 6.8%
CVS Health Corp.		41,961		4,014,828
Elevance Health, Inc.		7,949		3,792,468
HCA Healthcare, Inc.		4,752		1,009,420
McKesson Corp.		6,045		2,064,851

Transamerica Funds Page    1

Transamerica Large Value Opportunities

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2022

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Health Care Providers & Services (continued)
Molina Healthcare, Inc. (A)		3,861		$   1,265,327
UnitedHealth Group, Inc.		20,682		11,216,676
				23,363,570
Hotels, Restaurants & Leisure - 1.3%
Booking Holdings, Inc. (A)		791		1,531,131
Darden Restaurants, Inc.		11,072		1,378,353
Marriott International, Inc., Class A		1,568		249,030
McDonald’s Corp.		368		96,920
Travel & Leisure Co.		16,354		705,021
Wyndham Hotels & Resorts, Inc.		8,960		621,914
				4,582,369
Household Products - 3.3%
Colgate-Palmolive Co.		1,515		119,291
Kimberly-Clark Corp.		17,984		2,370,111
Procter & Gamble Co.		62,901		8,737,578
				11,226,980
Industrial Conglomerates - 1.1%
3M Co.		25,685		3,679,119
Insurance - 4.4%
Alleghany Corp. (A)		503		421,252
American International Group, Inc.		42,866		2,219,173
Arch Capital Group Ltd. (A)		20,235		898,434
Chubb Ltd.		17,954		3,386,843
Cincinnati Financial Corp.		11,424		1,112,012
Everest Re Group Ltd.		3,300		862,455
Loews Corp.		51,153		2,979,662
MetLife, Inc.		14,442		913,457
Old Republic International Corp.		8,239		191,722
Unum Group		11,218		361,107
W.R. Berkley Corp.		23,906		1,494,842
				14,840,959
Interactive Media & Services - 0.9%
Alphabet, Inc., Class A (A)		9,940		1,156,221
Alphabet, Inc., Class C (A)		17,160		2,001,542
				3,157,763
IT Services - 3.3%
Amdocs Ltd.		37,244		3,242,463
Gartner, Inc. (A)		7,301		1,938,270
Mastercard, Inc., Class A		9,376		3,317,135
Paychex, Inc.		8,312		1,066,263
Visa, Inc., Class A		7,967		1,689,880
				11,254,011
Life Sciences Tools & Services - 1.4%
Mettler-Toledo International, Inc. (A)		1,031		1,391,571
Thermo Fisher Scientific, Inc.		5,492		3,286,468
				4,678,039
Machinery - 2.9%
Cummins, Inc.		12,901		2,855,120
Illinois Tool Works, Inc.		2,573		534,567
Lincoln Electric Holdings, Inc.		10,329		1,460,934
Nordson Corp.		2,538		586,253
Parker-Hannifin Corp.		12,867		3,719,721
Snap-on, Inc.		3,068		687,385
				9,843,980
Media - 2.2%
Comcast Corp., Class A		4,776		179,196

	Shares		Value
COMMON STOCKS (continued)
Media (continued)
Fox Corp., Class B		61,132		$   1,888,979
Interpublic Group of Cos., Inc.		21,136		631,332
Nexstar Media Group, Inc., Class A		3,690		695,085
Omnicom Group, Inc.		15,978		1,115,904
Sirius XM Holdings, Inc. (B)		456,362		3,048,498
				7,558,994
Metals & Mining - 1.0%
Nucor Corp.		25,666		3,485,443
Multi-Utilities - 1.6%
Consolidated Edison, Inc.		6,104		605,944
DTE Energy Co.		23,772		3,097,492
Public Service Enterprise Group, Inc.		17,827		1,170,699
WEC Energy Group, Inc.		4,393		456,037
				5,330,172
Multiline Retail - 0.3%
Target Corp.		6,351		1,037,626
Oil, Gas & Consumable Fuels - 9.0%
Chevron Corp.		49,697		8,139,375
ConocoPhillips		25,915		2,524,898
Exxon Mobil Corp.		64,747		6,275,927
Marathon Oil Corp.		19,737		489,478
Marathon Petroleum Corp.		29,453		2,699,662
ONEOK, Inc.		62,535		3,735,841
Phillips 66		39,279		3,495,831
Pioneer Natural Resources Co.		9,788		2,319,266
Targa Resources Corp.		12,429		858,968
				30,539,246
Pharmaceuticals - 4.3%
Bristol-Myers Squibb Co.		44,921		3,314,271
Johnson & Johnson		35,911		6,267,188
Merck & Co., Inc.		10,743		959,780
Pfizer, Inc.		79,875		4,034,486
				14,575,725
Real Estate Management & Development - 0.8%
CBRE Group, Inc., Class A (A)		31,445		2,692,321
Road & Rail - 2.6%
Landstar System, Inc.		11,967		1,873,793
Old Dominion Freight Line, Inc.		3,450		1,047,109
Union Pacific Corp.		25,932		5,894,344
				8,815,246
Semiconductors & Semiconductor Equipment - 4.5%
Broadcom, Inc.		12,372		6,624,959
KLA Corp.		2,079		797,380
Microchip Technology, Inc.		1,439		99,089
Micron Technology, Inc.		29,415		1,819,612
QUALCOMM, Inc.		13,936		2,021,556
Texas Instruments, Inc.		21,890		3,915,902
				15,278,498
Software - 1.0%
Microsoft Corp.		12,469		3,500,547
Specialty Retail - 1.9%
AutoNation, Inc. (A)		7,378		876,064
AutoZone, Inc. (A)		628		1,342,281
Home Depot, Inc.		10,542		3,172,509

Transamerica Funds Page    2

Transamerica Large Value Opportunities

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2022

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Specialty Retail (continued)
O’Reilly Automotive, Inc. (A)		1,655		$   1,164,441
Ulta Beauty, Inc. (A)		114		44,336
				6,599,631
Technology Hardware, Storage & Peripherals - 1.3%
Apple, Inc.		21,102		3,429,286
Dell Technologies, Inc., Class C		15,256		687,435
Western Digital Corp. (A)		4,684		229,985
				4,346,706
Textiles, Apparel & Luxury Goods - 0.1%
Ralph Lauren Corp.		2,339		230,696
Tobacco - 1.9%
Altria Group, Inc.		104,899		4,600,870
Philip Morris International, Inc.		19,677		1,911,621
				6,512,491
Trading Companies & Distributors - 1.6%
United Rentals, Inc. (A)		5,428		1,751,453
WW Grainger, Inc.		6,695		3,638,933
				5,390,386
Total Common Stocks (Cost $310,885,036)				333,435,818
EXCHANGE-TRADED FUND - 2.0%
U.S. Equity Fund - 2.0%
iShares Russell 1000 Value ETF		44,174		6,826,208
Total Exchange-Traded Fund (Cost $6,834,091)				6,826,208
OTHER INVESTMENT COMPANY - 0.9%
Securities Lending Collateral - 0.9%
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 2.27% (C)		2,973,775		2,973,775
Total Other Investment Company (Cost $2,973,775)				2,973,775
Total Investments (Cost $320,692,902)				343,235,801
Net Other Assets (Liabilities) - (0.6)%				(2,161,984	)
Net Assets - 100.0%				$  341,073,817

Transamerica Funds Page    3

Transamerica Large Value Opportunities

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2022

(unaudited)

INVESTMENT VALUATION:

Valuation Inputs ^(D)

	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Common Stocks	$	333,435,818	$	—	$	—	$	333,435,818
Exchange-Traded Fund		6,826,208		—		—		6,826,208
Other Investment Company		2,973,775		—		—		2,973,775
Total Investments	$	343,235,801	$	—	$	—	$	343,235,801

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	Non-income producing securities.
(B)	All or a portion of the securities are on loan. The total value of all securities on loan is $4,674,174, collateralized by cash collateral of $2,973,775 and non-cash collateral, such as U.S. government securities and irrevocable letters of credit, of $1,881,844. The amount of securities on loan indicated may not correspond with the securities on loan identified because securities with pending sales are in the process of recall from the brokers.
(C)	Rate disclosed reflects the yield at July 31, 2022.
(D)	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.

Transamerica Funds Page    4

Transamerica Large Value Opportunities

NOTES TO SCHEDULE OF INVESTMENTS

At July 31, 2022

(unaudited)

INVESTMENT VALUATION

Transamerica Large Value 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.

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.

Exchange-traded funds (“ETF”): ETFs are stated at the last reported sale price or closing price on the day of valuation taken from the primary exchange where the ETF is principally traded. ETFs are generally categorized in Level 1 of the fair value hierarchy.

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.

Transamerica Funds Page    5