Transamerica High Yield Muni
SCHEDULE OF INVESTMENTS
At July 31, 2022
(unaudited)
Principal | Value | |||||||
CORPORATE DEBT SECURITY - 0.2% | ||||||||
Commercial Services & Supplies - 0.2% | ||||||||
Wildflower Improvement Association | ||||||||
6.63%, 03/01/2031 (A) (B) | $ 329,040 | $ 327,043 | ||||||
|
| |||||||
Total Corporate Debt Security |
| 327,043 | ||||||
|
| |||||||
MUNICIPAL GOVERNMENT OBLIGATIONS - 89.3% | ||||||||
Alabama - 1.2% | ||||||||
Alabama State University, Revenue Bonds, | ||||||||
BAM, | ||||||||
5.00%, 09/01/2040 | 1,045,000 | 1,141,264 | ||||||
County of Perry, General Obligation Unlimited, | ||||||||
Series B, | ||||||||
7.38%, 12/01/2030 | 295,000 | 295,283 | ||||||
Muscle Shoals Sheffield & Tuscumbia Solid Waste Disposal Authority, Revenue Bonds, | ||||||||
Series A, | ||||||||
6.00%, 05/01/2040 (A) | 500,000 | 512,065 | ||||||
|
| |||||||
1,948,612 | ||||||||
|
| |||||||
Arizona - 3.1% | ||||||||
Arizona Industrial Development Authority, | ||||||||
5.00%, 07/01/2055 (A) | 195,000 | 181,072 | ||||||
Industrial Development Authority of the City of Phoenix, Revenue Bonds, | ||||||||
4.63%, 07/01/2026 (A) (B) | 490,000 | 504,433 | ||||||
Industrial Development Authority of the County of Pima, Revenue Bonds, | ||||||||
5.00%, 07/01/2056 (A) | 2,285,000 | 2,074,480 | ||||||
La Paz County Industrial Development Authority, Revenue Bonds, | ||||||||
5.88%, 06/15/2048 (A) | 500,000 | 500,482 | ||||||
Maricopa County Industrial Development Authority, Revenue Bonds, | ||||||||
5.00%, 07/01/2036 | 110,000 | 114,567 | ||||||
Tempe Industrial Development Authority, | ||||||||
Class B, | ||||||||
4.00%, 12/01/2056 | 2,130,000 | 1,633,803 | ||||||
|
| |||||||
5,008,837 | ||||||||
|
| |||||||
Arkansas - 0.1% | ||||||||
County of Independence Hydroelectric Power Revenue, Revenue Bonds, | ||||||||
ACA, | ||||||||
5.30%, 05/01/2033 | 45,000 | 45,057 | ||||||
Series B, ACA, | ||||||||
4.80%, 05/01/2024 | 110,000 | 109,999 | ||||||
Saline County Property Owners Improvement District No. 49, General Obligation Limited, | ||||||||
Series A, | ||||||||
5.75%, 02/01/2036 | 15,000 | 15,005 | ||||||
|
| |||||||
170,061 | ||||||||
|
|
Principal | Value | |||||||
MUNICIPAL GOVERNMENT OBLIGATIONS (continued) | ||||||||
California - 7.6% | ||||||||
California County Tobacco Securitization Agency, Revenue Bonds, | ||||||||
5.88%, 06/01/2035 | $ 85,000 | $ 86,191 | ||||||
Series A, | ||||||||
5.88%, 06/01/2043 | 30,000 | 30,013 | ||||||
California Health Facilities Financing Authority, Revenue Bonds, | ||||||||
5.00%, 09/01/2048 | 325,000 | 335,185 | ||||||
California Infrastructure & Economic Development Bank, Revenue Bonds, | ||||||||
Series A-1, | ||||||||
5.00%, 01/01/2056 (A) | 400,000 | 383,092 | ||||||
California Municipal Finance Authority, | ||||||||
4.00%, 11/15/2056 | 750,000 | 649,539 | ||||||
Series A, | ||||||||
5.50%, 06/01/2038 (A) | 700,000 | 720,857 | ||||||
California Public Finance Authority, | ||||||||
3.13%, 05/15/2029 (A) | 1,500,000 | 1,403,890 | ||||||
5.00%, 11/15/2046 - 11/15/2056 (A) | 4,375,000 | 4,269,401 | ||||||
Series A, | ||||||||
5.00%, 06/15/2049 (A) | 250,000 | 250,196 | ||||||
California Statewide Communities Development Authority, Revenue Bonds, | ||||||||
Series A, | ||||||||
5.75%, 01/15/2045 (A) | 475,000 | 476,993 | ||||||
Series B, | ||||||||
6.00%, 12/01/2024 | 210,000 | 221,400 | ||||||
California Statewide Financing Authority, | ||||||||
Series B, | ||||||||
6.00%, 05/01/2037 | 55,000 | 55,916 | ||||||
Golden State Tobacco Securitization Corp., | ||||||||
Series B-2, | ||||||||
Zero Coupon, 06/01/2066 | 5,000,000 | 636,064 | ||||||
Palomar Health, Revenue Bonds, | ||||||||
5.00%, 11/01/2028 | 45,000 | 48,462 | ||||||
River Islands Public Financing Authority, Special Tax, | ||||||||
Series A-1, AGM, | ||||||||
5.25%, 09/01/2052 | 1,975,000 | 2,194,277 | ||||||
Upland Community Facilities District, Special Tax, | ||||||||
Series A, | ||||||||
3.50%, 09/01/2049 | 600,000 | 516,522 | ||||||
|
| |||||||
12,277,998 | ||||||||
|
| |||||||
Colorado - 14.1% | ||||||||
Aerotropolis Regional Transportation Authority, Revenue Bonds, | ||||||||
5.00%, 12/01/2051 | 290,000 | 288,208 | ||||||
Baseline Metropolitan District No. 1, General Obligation Unlimited, | ||||||||
Series A, | ||||||||
5.00%, 12/01/2051 | 1,000,000 | 917,976 | ||||||
Brighton Crossing Metropolitan District No. 6, General Obligation Limited, | ||||||||
Series A, | ||||||||
5.00%, 12/01/2050 | 2,000,000 | 1,857,120 | ||||||
Bromley Park Metropolitan District No. 2, General Obligation Limited, | ||||||||
Series B, | ||||||||
6.38%, 12/15/2047 | 937,000 | 944,892 |
Transamerica Funds | Page 1 |
Transamerica High Yield Muni
SCHEDULE OF INVESTMENTS (continued)
At July 31, 2022
(unaudited)
Principal | Value | |||||||
MUNICIPAL GOVERNMENT OBLIGATIONS (continued) | ||||||||
Colorado (continued) | ||||||||
Clear Creek Transit Metropolitan District No. 2, General Obligation Limited, | ||||||||
Series A, | ||||||||
5.00%, 12/01/2041 - 12/01/2050 | $ 1,075,000 | $ 1,013,636 | ||||||
Colorado Educational & Cultural Facilities Authority, Revenue Bonds, | ||||||||
4.00%, 11/01/2035 - 10/01/2061 | 830,000 | 688,491 | ||||||
Colorado Health Facilities Authority, | ||||||||
Series A, | ||||||||
5.00%, 09/15/2053 | 150,000 | 155,083 | ||||||
Colorado International Center Metropolitan District No. 14, General Obligation Limited, | ||||||||
5.88%, 12/01/2046 | 1,000,000 | 1,016,958 | ||||||
Denver Health & Hospital Authority, | ||||||||
Series A, | ||||||||
4.00%, 12/01/2040 | 500,000 | 481,625 | ||||||
Denver International Business Center Metropolitan District No. 1, General Obligation Limited, | ||||||||
6.00%, 12/01/2048 | 500,000 | 509,197 | ||||||
Fiddlers Business Improvement District, General Obligation Unlimited, | ||||||||
5.55%, 12/01/2047 (A) | 500,000 | 526,166 | ||||||
High Plains Metropolitan District, General Obligation Unlimited, | ||||||||
NATL, | ||||||||
4.00%, 12/01/2047 | 290,000 | 292,134 | ||||||
Hogback Metropolitan District, General Obligation Limited, | ||||||||
Series A, | ||||||||
5.00%, 12/01/2051 | 1,550,000 | 1,426,313 | ||||||
Painted Prairie Metropolitan District No. 2, General Obligation Limited, | ||||||||
5.25%, 12/01/2048 | 2,000,000 | 2,005,346 | ||||||
Peak Metropolitan District No. 1, General Obligation Limited, | ||||||||
Series A, | ||||||||
5.00%, 12/01/2051 (A) | 1,150,000 | 1,072,984 | ||||||
Public Authority for Colorado Energy, | ||||||||
6.50%, 11/15/2038 | 65,000 | 83,201 | ||||||
Rampart Range Metropolitan District No. 5, Revenue Bonds, | ||||||||
4.00%, 12/01/2051 | 3,000,000 | 2,437,921 | ||||||
Ridgeline Vista Metropolitan District, General Obligation Limited, | ||||||||
Series A, | ||||||||
5.25%, 12/01/2060 | 2,530,000 | 2,557,809 | ||||||
Town of Frisco Marina Enterprise Revenue, Revenue Bonds, | ||||||||
5.00%, 12/01/2048 | 150,000 | 151,699 | ||||||
Transport Metropolitan District No. 3, General Obligation Limited, | ||||||||
Series A-1, | ||||||||
4.13%, 12/01/2031 | 1,000,000 | 965,121 | ||||||
5.00%, 12/01/2041 | 1,365,000 | 1,346,599 | ||||||
Westerly Metropolitan District No. 4, General Obligation Limited, | ||||||||
Series A, | ||||||||
5.00%, 12/01/2040 - 12/01/2050 | 2,200,000 | 2,075,257 | ||||||
|
| |||||||
22,813,736 | ||||||||
|
|
Principal | Value | |||||||
MUNICIPAL GOVERNMENT OBLIGATIONS (continued) | ||||||||
Connecticut - 0.5% | ||||||||
Connecticut State Health & Educational Facilities Authority, Revenue Bonds, | ||||||||
Series A, | $ 500,000 | $ 506,361 | ||||||
Series B-1, | 275,000 | 270,437 | ||||||
|
| |||||||
776,798 | ||||||||
|
| |||||||
Delaware - 0.5% | ||||||||
Delaware State Economic Development Authority, Revenue Bonds, | ||||||||
5.00%, 08/01/2054 | 835,000 | 838,026 | ||||||
|
| |||||||
District of Columbia - 2.5% | ||||||||
District of Columbia, Revenue Bonds, | ||||||||
Series B, | ||||||||
5.00%, 07/01/2048 | 100,000 | 104,050 | ||||||
District of Columbia Tobacco Settlement Financing Corp., Revenue Bonds, | ||||||||
Series A, | ||||||||
Zero Coupon, 06/15/2046 | 100,000 | 23,016 | ||||||
Metropolitan Washington Airports Authority Dulles Toll Road Revenue, Revenue Bonds, | ||||||||
AGM, | ||||||||
4.00%, 10/01/2052 | 3,965,000 | 3,968,530 | ||||||
|
| |||||||
4,095,596 | ||||||||
|
| |||||||
Florida - 9.2% | ||||||||
Capital Trust Agency, Inc., Revenue Bonds, | ||||||||
Zero Coupon, 07/01/2061 (A) | 7,000,000 | 425,092 | ||||||
Series A, | ||||||||
5.00%, 01/01/2056 (A) | 450,000 | 422,264 | ||||||
City of Palmetto, Revenue Bonds, | ||||||||
5.63%, 06/01/2062 | 500,000 | 513,225 | ||||||
County of Lake, Revenue Bonds, | ||||||||
5.00%, 01/15/2039 - 01/15/2054 (A) | 1,025,000 | 1,012,951 | ||||||
Edgewater East Community Development District, Special Assessment, | ||||||||
4.00%, 05/01/2052 | 1,500,000 | 1,312,065 | ||||||
Florida Development Finance Corp., Revenue Bonds, | ||||||||
4.00%, 07/01/2035 - 07/01/2045 | 1,215,000 | 1,145,237 | ||||||
5.13%, 06/01/2040 (A) | 500,000 | 507,859 | ||||||
5.25%, 06/15/2029 (A) | 1,500,000 | 1,508,857 | ||||||
Series A, | ||||||||
4.00%, 06/01/2030 | 500,000 | 478,213 | ||||||
Series B, | ||||||||
7.38%, 01/01/2049 (A) | 1,000,000 | 999,097 | ||||||
Miami-Dade County Industrial Development Authority, Revenue Bonds, | ||||||||
Series A, | ||||||||
4.25%, 06/01/2030 (A) | 660,000 | 622,483 | ||||||
5.00%, 06/01/2047 (A) | 350,000 | 319,367 | ||||||
Palm Beach County Health Facilities Authority, Revenue Bonds, | ||||||||
Series A, | ||||||||
5.00%, 11/01/2052 | 1,500,000 | 1,557,420 | ||||||
Pinellas County Educational Facilities Authority, Revenue Bonds, | ||||||||
Series A, | ||||||||
4.00%, 06/01/2046 (A) | 500,000 | 417,338 | ||||||
5.00%, 06/01/2056 (A) | 1,000,000 | 949,958 |
Transamerica Funds | Page 2 |
Transamerica High Yield Muni
SCHEDULE OF INVESTMENTS (continued)
At July 31, 2022
(unaudited)
Principal | Value | |||||||
MUNICIPAL GOVERNMENT OBLIGATIONS (continued) | ||||||||
Florida (continued) | ||||||||
Silver Palms West Community Development District, Special Assessment, | ||||||||
3.25%, 06/15/2042 | $ 1,000,000 | $ 843,921 | ||||||
St. Johns County Industrial Development Authority, Revenue Bonds, | ||||||||
4.00%, 12/15/2050 | 2,300,000 | 1,782,584 | ||||||
|
| |||||||
14,817,931 | ||||||||
|
| |||||||
Georgia - 3.9% | ||||||||
Development Authority of Lagrange, | ||||||||
5.00%, 10/15/2052 | 4,000,000 | 3,975,014 | ||||||
George L Smith II Congress Center Authority, Revenue Bonds, | ||||||||
5.00%, 01/01/2054 (A) | 2,520,000 | 2,305,093 | ||||||
|
| |||||||
6,280,107 | ||||||||
|
| |||||||
Idaho - 1.2% | ||||||||
Idaho Housing & Finance Association, | ||||||||
Series A, | ||||||||
6.00%, 07/01/2049 - 07/01/2054 (A) | 1,725,000 | 1,859,557 | ||||||
|
| |||||||
Illinois - 7.0% | ||||||||
Chicago Board of Education, General Obligation Unlimited, | ||||||||
Series A, AGM, | ||||||||
5.00%, 12/01/2035 | 550,000 | 592,315 | ||||||
City of Chicago, General Obligation Unlimited, | ||||||||
7.52%, 01/01/2040 | 215,000 | 241,061 | ||||||
Series A, | ||||||||
5.00%, 01/01/2044 | 1,000,000 | 1,042,656 | ||||||
Series B, | ||||||||
6.21%, 01/01/2032 | 250,000 | 261,858 | ||||||
Series C, | ||||||||
5.00%, 01/01/2038 | 1,000,000 | 1,035,348 | ||||||
Cook County School District No. 132, General Obligation Limited, | ||||||||
Series A, AGM, | ||||||||
4.20%, 12/01/2027 | 301,000 | 322,628 | ||||||
Illinois Finance Authority, Revenue Bonds, | ||||||||
4.00%, 08/01/2032 - 11/01/2056 | 2,580,000 | 2,391,521 | ||||||
Series A, | ||||||||
5.00%, 11/01/2049 | 1,000,000 | 935,081 | ||||||
State of Illinois, General Obligation Unlimited, | ||||||||
4.13%, 03/01/2028 | 35,000 | 35,041 | ||||||
5.00%, 02/01/2027 | 500,000 | 517,108 | ||||||
6.63%, 02/01/2035 | 25,000 | 27,173 | ||||||
7.10%, 07/01/2035 | 155,000 | 173,642 | ||||||
7.35%, 07/01/2035 | 18,571 | 20,994 | ||||||
Series A, | ||||||||
5.00%, 12/01/2034 - 05/01/2041 | 635,000 | 670,605 | ||||||
5.50%, 03/01/2047 | 500,000 | 560,874 | ||||||
Village of Oak Lawn, General Obligation Unlimited, | ||||||||
Series A, | ||||||||
3.35%, 12/01/2026 | 315,000 | 315,090 | ||||||
5.23%, 12/01/2024 | 700,000 | 693,611 | ||||||
Village of Rosemont, General Obligation Unlimited, | ||||||||
Series A, AGC, | ||||||||
6.00%, 12/01/2035 | 15,000 | 17,037 |
Principal | Value | |||||||
MUNICIPAL GOVERNMENT OBLIGATIONS (continued) | ||||||||
Illinois (continued) | ||||||||
Western Illinois Economic Development Authority, Revenue Bonds, | ||||||||
4.00%, 06/01/2036 | $ 1,480,000 | $ 1,281,651 | ||||||
Will County Community High School District No. 210, General Obligation Unlimited, | ||||||||
Series A, | ||||||||
3.25%, 01/01/2030 | 45,000 | 43,904 | ||||||
3.38%, 01/01/2033 | 25,000 | 23,743 | ||||||
5.00%, 01/01/2027 | 55,000 | 55,719 | ||||||
|
| |||||||
11,258,660 | ||||||||
|
| |||||||
Indiana - 1.1% | ||||||||
Indiana Finance Authority, Revenue Bonds, | ||||||||
Series A, | ||||||||
4.00%, 11/15/2026 | 10,000 | 10,105 | ||||||
Indiana Housing & Community Development Authority, Revenue Bonds, | ||||||||
Series A, | ||||||||
5.25%, 04/01/2041 (A) | 2,000,000 | 1,724,009 | ||||||
|
| |||||||
1,734,114 | ||||||||
|
| |||||||
Iowa - 0.7% | ||||||||
Iowa Finance Authority, Revenue Bonds, | ||||||||
Series A, | ||||||||
4.00%, 05/15/2053 | 1,500,000 | 1,177,051 | ||||||
|
| |||||||
Kansas - 0.4% | ||||||||
City of Manhattan, Revenue Bonds, | ||||||||
Series A, | ||||||||
4.00%, 06/01/2046 | 525,000 | 454,311 | ||||||
Wyandotte County Unified Government Special Obligation Revenue, Revenue Bonds, | ||||||||
NATL, | ||||||||
Zero Coupon, 12/01/2027 | 155,000 | 127,292 | ||||||
|
| |||||||
581,603 | ||||||||
|
| |||||||
Kentucky - 0.0% (C) | ||||||||
Edmonson County Industrial Building Revenue, Revenue Bonds, | ||||||||
5.00%, 03/01/2027 | 20,000 | 19,318 | ||||||
Kentucky Area Development Districts, Certificate of Participation, | ||||||||
Series M, | ||||||||
5.35%, 12/01/2028 | 25,000 | 24,000 | ||||||
|
| |||||||
43,318 | ||||||||
|
| |||||||
Louisiana - 1.0% | ||||||||
Louisiana Local Government Environmental Facilities & Community Development Authority, Revenue Bonds, | ||||||||
3.88%, 11/01/2045 (A) | 1,285,000 | 1,053,753 | ||||||
Parish of St. James, Revenue Bonds, | ||||||||
Series 2, | ||||||||
6.35%, 07/01/2040 (A) | 500,000 | 564,311 | ||||||
|
| |||||||
1,618,064 | ||||||||
|
| |||||||
Maryland - 0.1% | ||||||||
Maryland Economic Development Corp., Revenue Bonds, | ||||||||
5.75%, 09/01/2025 | 165,000 | 165,429 | ||||||
|
|
Transamerica Funds | Page 3 |
Transamerica High Yield Muni
SCHEDULE OF INVESTMENTS (continued)
At July 31, 2022
(unaudited)
Principal | Value | |||||||
MUNICIPAL GOVERNMENT OBLIGATIONS (continued) | ||||||||
Massachusetts - 0.3% | ||||||||
Massachusetts Development Finance Agency, Revenue Bonds, | ||||||||
5.00%, 10/01/2049 | $ 500,000 | $ 521,496 | ||||||
|
| |||||||
Michigan - 0.7% | ||||||||
Kentwood Economic Development Corp., Revenue Bonds, | ||||||||
4.00%, 11/15/2045 | 280,000 | 239,648 | ||||||
Michigan Tobacco Settlement Finance Authority, Revenue Bonds, | ||||||||
Series C, | ||||||||
Zero Coupon, 06/01/2058 | 20,000,000 | 914,310 | ||||||
|
| |||||||
1,153,958 | ||||||||
|
| |||||||
Minnesota - 2.2% | ||||||||
City of Apple Valley, Revenue Bonds, | ||||||||
4.00%, 09/01/2061 | 820,000 | 658,492 | ||||||
City of Deephaven, Revenue Bonds, | ||||||||
Series A, | ||||||||
5.25%, 07/01/2037 | 80,000 | 82,345 | ||||||
City of Ham Lake, Revenue Bonds, | ||||||||
Series A, | ||||||||
4.00%, 07/01/2028 | 375,000 | 370,325 | ||||||
City of Woodbury, Revenue Bonds, | ||||||||
4.00%, 07/01/2056 | 455,000 | 364,121 | ||||||
Duluth Economic Development Authority, | ||||||||
4.00%, 07/01/2041 | 930,000 | 852,268 | ||||||
Housing & Redevelopment Authority of the City of St. Paul, Revenue Bonds, | ||||||||
Series A, | ||||||||
5.00%, 12/01/2050 | 550,000 | 557,043 | ||||||
Series B, | ||||||||
5.25%, 04/01/2043 | 400,000 | 366,030 | ||||||
Township of Baytown, Revenue Bonds, | ||||||||
Series A, | ||||||||
4.00%, 08/01/2041 | 200,000 | 176,854 | ||||||
4.25%, 08/01/2046 | 120,000 | 106,317 | ||||||
|
| |||||||
3,533,795 | ||||||||
|
| |||||||
Missouri - 0.1% | ||||||||
Health & Educational Facilities Authority, | ||||||||
4.25%, 12/01/2042 (A) (B) | 75,000 | 75,212 | ||||||
|
| |||||||
Montana - 0.1% | ||||||||
City of Forsyth, Revenue Bonds, | ||||||||
Series A, | ||||||||
3.90%, 03/01/2031 (D) | 135,000 | 135,912 | ||||||
|
| |||||||
Nevada - 0.0% (C) | ||||||||
City of Reno, Special Assessment, | ||||||||
7.25%, 12/01/2025 | 30,000 | 29,997 | ||||||
|
| |||||||
New Jersey - 1.9% | ||||||||
County of Essex, General Obligation Unlimited, | ||||||||
Series A, | ||||||||
0.05%, 08/15/2037 | 875,000 | 509,433 | ||||||
Essex County Improvement Authority, | ||||||||
Series A, | ||||||||
5.00%, 12/01/2035 (E) (F) | 500,000 | 425,000 | ||||||
5.13%, 12/01/2045 (E) (F) | 30,000 | 25,500 |
Principal | Value | |||||||
MUNICIPAL GOVERNMENT OBLIGATIONS (continued) | ||||||||
New Jersey (continued) | ||||||||
New Jersey Economic Development Authority, Revenue Bonds, | ||||||||
Series A, | ||||||||
5.13%, 09/01/2052 (A) | $ 760,000 | $ 759,387 | ||||||
Series B, | ||||||||
6.50%, 04/01/2031 (B) | 9,404 | 9,779 | ||||||
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, | ||||||||
5.00%, 07/01/2030 | 40,000 | 42,249 | ||||||
Tobacco Settlement Financing Corp., Revenue Bonds, | ||||||||
Series B, | ||||||||
5.00%, 06/01/2046 | 1,320,000 | 1,345,975 | ||||||
|
| |||||||
3,117,323 | ||||||||
|
| |||||||
New York - 3.8% | ||||||||
Buffalo & Erie County Industrial Land Development Corp., Revenue Bonds, | ||||||||
Series A, | ||||||||
5.00%, 08/01/2052 | 500,000 | 493,116 | ||||||
Build NYC Resource Corp., Revenue Bonds, | ||||||||
Series A, | ||||||||
4.00%, 06/15/2056 | 350,000 | 291,143 | ||||||
5.00%, 12/01/2051 (A) | 750,000 | 757,457 | ||||||
5.00%, 07/01/2056 | 500,000 | 509,199 | ||||||
City of Long Beach, General Obligation Limited, | ||||||||
5.25%, 07/15/2042 | 735,000 | 804,883 | ||||||
New York City Industrial Development Agency, Revenue Bonds, | ||||||||
FGIC, | ||||||||
CPI + 0.89%, 9.47% (D), 03/01/2027 | 20,000 | 20,938 | ||||||
New York Counties Tobacco Trust I, Revenue Bonds, | ||||||||
Series B, | ||||||||
6.50%, 06/01/2035 | 5,000 | 5,000 | ||||||
New York Counties Tobacco Trust IV, Revenue Bonds, | ||||||||
Series A, | ||||||||
5.00%, 06/01/2038 | 25,000 | 25,000 | ||||||
New York Counties Tobacco Trust VI, Revenue Bonds, | ||||||||
Series A-2B, | ||||||||
5.00%, 06/01/2045 | 870,000 | 876,238 | ||||||
Series C, | ||||||||
3.75%, 06/01/2045 | 2,020,000 | 1,702,796 | ||||||
New York State Dormitory Authority, | ||||||||
AMBAC, | ||||||||
5.25%, 07/01/2025 | 100,000 | 106,865 | ||||||
Village of Brewster, General Obligation Unlimited, | ||||||||
5.00%, 05/01/2033 | 50,000 | 59,397 | ||||||
Yonkers Economic Development Corp., | ||||||||
Series A, | ||||||||
5.00%, 10/15/2054 | 465,000 | 454,770 | ||||||
|
| |||||||
6,106,802 | ||||||||
|
| |||||||
North Carolina - 1.1% | ||||||||
North Carolina Medical Care Commission, | ||||||||
4.00%, 09/01/2046 - 09/01/2051 | 1,515,000 | 1,447,284 | ||||||
Series A, | ||||||||
5.00%, 10/01/2050 | 360,000 | 375,412 | ||||||
|
| |||||||
1,822,696 | ||||||||
|
|
Transamerica Funds | Page 4 |
Transamerica High Yield Muni
SCHEDULE OF INVESTMENTS (continued)
At July 31, 2022
(unaudited)
Principal | Value | |||||||
MUNICIPAL GOVERNMENT OBLIGATIONS (continued) | ||||||||
Ohio - 6.3% | ||||||||
Buckeye Tobacco Settlement Financing Authority, Revenue Bonds, | ||||||||
Series B-2, Class 2, | ||||||||
5.00%, 06/01/2055 | $ 3,645,000 | $ 3,639,512 | ||||||
Series B-3, Class 2, | ||||||||
Zero Coupon, 06/01/2057 | 14,000,000 | 2,036,177 | ||||||
City of Cleveland, Revenue Bonds, | ||||||||
5.38%, 09/15/2027 (B) | 20,000 | 20,027 | ||||||
County of Greene, Revenue Bonds, | ||||||||
Series A, ACA, | ||||||||
5.10%, 09/01/2029 | 110,000 | 107,695 | ||||||
Ohio Higher Educational Facility Commission, Revenue Bonds, | ||||||||
5.25%, 01/01/2047 | 1,030,000 | 1,103,920 | ||||||
5.38%, 12/01/2052 | 3,175,000 | 3,296,388 | ||||||
|
| |||||||
10,203,719 | ||||||||
|
| |||||||
Oregon - 1.1% | ||||||||
Salem Hospital Facility Authority, | ||||||||
4.00%, 05/15/2040 - 05/15/2057 | 1,240,000 | 1,108,202 | ||||||
Yamhill County Hospital Authority, | ||||||||
Series A, | ||||||||
5.00%, 11/15/2056 | 750,000 | 656,051 | ||||||
|
| |||||||
1,764,253 | ||||||||
|
| |||||||
Pennsylvania - 2.2% | ||||||||
Cumberland County Municipal Authority, Revenue Bonds, | ||||||||
5.00%, 01/01/2039 - 01/01/2045 | 650,000 | 663,511 | ||||||
Pennsylvania Economic Development Financing Authority, Revenue Bonds, | ||||||||
4.00%, 07/01/2046 | 3,000,000 | 2,802,431 | ||||||
Susquehanna Area Regional Airport Authority, Revenue Bonds, | ||||||||
Series B, | ||||||||
9.88%, 01/01/2034 | 10,000 | 11,787 | ||||||
|
| |||||||
3,477,729 | ||||||||
|
| |||||||
Puerto Rico - 2.6% | ||||||||
Children’s Trust Fund, Revenue Bonds, | ||||||||
5.50%, 05/15/2039 | 55,000 | 55,809 | ||||||
5.63%, 05/15/2043 | 45,000 | 45,759 | ||||||
Commonwealth of Puerto Rico, General Obligation Unlimited, | ||||||||
5.50%, 07/01/2029 | 150,471 | 157,085 | ||||||
Puerto Rico Electric Power Authority, | ||||||||
Series DDD, AGM, | ||||||||
3.63%, 07/01/2023 | 350,000 | 348,980 | ||||||
3.65%, 07/01/2024 | 210,000 | 208,844 | ||||||
Series RR, AGC, | ||||||||
5.00%, 07/01/2028 | 270,000 | 274,796 | ||||||
Series SS, AGM, | ||||||||
5.00%, 07/01/2030 | 110,000 | 111,954 | ||||||
Series TT, AGC-ICC, | ||||||||
5.00%, 07/01/2032 | 265,000 | 269,707 | ||||||
Series TT, AGM-CR, | ||||||||
5.00%, 07/01/2027 | 25,000 | 25,444 | ||||||
Series UU, AGC, | ||||||||
4.25%, 07/01/2027 | 365,000 | 365,062 | ||||||
5.00%, 07/01/2026 | 165,000 | 167,931 | ||||||
Series UU, AGM, | ||||||||
5.00%, 07/01/2023 - 07/01/2024 | 290,000 | 295,151 |
Principal | Value | |||||||
MUNICIPAL GOVERNMENT OBLIGATIONS (continued) | ||||||||
Puerto Rico (continued) | ||||||||
Puerto Rico Highway & Transportation Authority, Revenue Bonds, | ||||||||
AGC-ICC, | ||||||||
5.00%, 07/01/2028 | $ 55,000 | $ 55,377 | ||||||
Series AA, AGC-ICC, | ||||||||
5.00%, 07/01/2035 | 85,000 | 85,583 | ||||||
Series AA-1, AGM, | ||||||||
4.95%, 07/01/2026 | 155,000 | 155,106 | ||||||
Series D, AGM, | ||||||||
5.00%, 07/01/2027 - 07/01/2032 | 650,000 | 654,458 | ||||||
Series E, AGM, | ||||||||
5.50%, 07/01/2023 | 150,000 | 153,298 | ||||||
Series K, AGC-ICC, | ||||||||
4.40%, 07/01/2025 | 30,000 | 30,009 | ||||||
5.00%, 07/01/2030 | 30,000 | 30,206 | ||||||
Series M, AGC-ICC, | ||||||||
5.00%, 07/01/2032 | 160,000 | 161,111 | ||||||
Series N, AGC, | ||||||||
5.25%, 07/01/2036 | 120,000 | 122,329 | ||||||
Series N, AGM-CR, AGC-ICC, | ||||||||
5.50%, 07/01/2026 | 65,000 | 68,401 | ||||||
Puerto Rico Municipal Finance Agency, Revenue Bonds, | ||||||||
Series A, AGM, | ||||||||
4.75%, 08/01/2022 | 140,000 | 140,000 | ||||||
5.00%, 08/01/2022 | 160,000 | 160,000 | ||||||
Series A, AGM-CR, | ||||||||
4.75%, 08/01/2025 | 70,000 | 70,038 | ||||||
|
| |||||||
4,212,438 | ||||||||
|
| |||||||
Tennessee - 1.2% | ||||||||
Metropolitan Government Nashville & Davidson County Industrial Development Board, Special Assessment, | ||||||||
Zero Coupon, 06/01/2043 (A) | 4,000,000 | 1,353,560 | ||||||
4.00%, 06/01/2051 (A) | 750,000 | 652,581 | ||||||
|
| |||||||
2,006,141 | ||||||||
|
| |||||||
Texas - 3.7% | ||||||||
Bexar County Health Facilities Development Corp., Revenue Bonds, | ||||||||
5.00%, 07/15/2042 | 550,000 | 553,642 | ||||||
City of Lavon, Special Assessment, | ||||||||
4.13%, 09/15/2052 (A) | 1,000,000 | 882,889 | ||||||
City of Rowlett, Special Assessment, | ||||||||
4.13%, 09/15/2041 (A) | 448,000 | 415,751 | ||||||
4.25%, 09/15/2051 (A) | 514,000 | 462,445 | ||||||
New Hope Cultural Education Facilities Finance Corp., Revenue Bonds, | ||||||||
4.00%, 11/01/2049 - 11/01/2055 | 2,250,000 | 2,016,100 | ||||||
5.00%, 01/01/2047 - 01/01/2055 | 1,000,000 | 914,526 | ||||||
Pottsboro Higher Education Finance Corp., | ||||||||
Series A, | ||||||||
5.00%, 08/15/2036 | 435,000 | 438,149 | ||||||
Van Alstyne Economic Development Corp., | ||||||||
4.00%, 08/15/2031 | 240,000 | 227,543 | ||||||
|
| |||||||
5,911,045 | ||||||||
|
| |||||||
Virginia - 2.0% | ||||||||
Buena Vista Public Service Authority, | ||||||||
Series A, | ||||||||
5.13%, 01/01/2023 | 10,000 | 10,005 | ||||||
6.00%, 01/01/2027 | 50,000 | 50,016 |
Transamerica Funds | Page 5 |
Transamerica High Yield Muni
SCHEDULE OF INVESTMENTS (continued)
At July 31, 2022
(unaudited)
Principal | Value | |||||||
MUNICIPAL GOVERNMENT OBLIGATIONS (continued) | ||||||||
Virginia (continued) | ||||||||
Henrico County Economic Development Authority, Revenue Bonds, | ||||||||
Series C, | ||||||||
5.00%, 12/01/2047 | $ 375,000 | $ 391,358 | ||||||
James City County Economic Development Authority, Revenue Bonds, | ||||||||
Series A, | ||||||||
4.00%, 12/01/2050 | 2,500,000 | 2,032,247 | ||||||
Tobacco Settlement Financing Corp., Revenue Bonds, | ||||||||
Series B-1, | ||||||||
5.00%, 06/01/2047 | 190,000 | 190,016 | ||||||
Virginia College Building Authority, Revenue Bonds, | ||||||||
4.00%, 06/01/2046 | 565,000 | 525,424 | ||||||
|
| |||||||
3,199,066 | ||||||||
|
| |||||||
West Virginia - 0.0% (C) | ||||||||
Tobacco Settlement Finance Authority, | ||||||||
Series B, | ||||||||
Zero Coupon, 06/01/2047 | 450,000 | 40,275 | ||||||
|
| |||||||
Wisconsin - 5.8% | ||||||||
Public Finance Authority, Revenue Bonds, | ||||||||
5.00%, 06/15/2053 | 175,000 | 178,990 | ||||||
Series A, | ||||||||
4.00%, 07/01/2051 | 250,000 | 210,802 | ||||||
4.25%, 12/01/2051 (A) | 1,500,000 | 1,315,242 | ||||||
5.00%, 06/15/2049 (A) | 90,000 | 91,705 | ||||||
Series A, AGM, | ||||||||
4.00%, 07/01/2059 | 1,000,000 | 1,001,116 | ||||||
5.00%, 07/01/2054 | 1,000,000 | 1,077,365 |
Principal | Value | |||||||
MUNICIPAL GOVERNMENT OBLIGATIONS (continued) | ||||||||
Wisconsin (continued) | ||||||||
Public Finance Authority, Special Tax, | ||||||||
Series A, | ||||||||
6.75%, 06/01/2062 (A) | $ 1,250,000 | $ 1,271,089 | ||||||
Wisconsin Health & Educational Facilities Authority, Revenue Bonds, | ||||||||
4.00%, 12/01/2041 - 12/01/2056 | 2,350,000 | 1,961,154 | ||||||
5.00%, 08/01/2039 | 500,000 | 454,614 | ||||||
Series A, | ||||||||
5.13%, 04/01/2057 | 2,000,000 | 1,740,540 | ||||||
|
| |||||||
9,302,617 | ||||||||
|
| |||||||
Total Municipal Government Obligations |
| 144,079,972 | ||||||
|
| |||||||
REPURCHASE AGREEMENT - 4.8% | ||||||||
Fixed Income Clearing Corp., 0.65% (G), dated 07/29/2022, to be repurchased at $7,745,293 on 08/01/2022. Collateralized by a U.S. Government Obligation, 2.25%, due 11/15/2025, and with a value of $7,899,790. | 7,744,874 | 7,744,874 | ||||||
|
| |||||||
Total Repurchase Agreement |
| 7,744,874 | ||||||
|
| |||||||
Total Investments |
| 152,151,889 | ||||||
Net Other Assets (Liabilities) - 5.7% | 9,271,144 | |||||||
|
| |||||||
Net Assets - 100.0% | $ 161,423,033 | |||||||
|
| |||||||
INVESTMENT VALUATION:
Valuation Inputs (H)
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Significant Observable Inputs | Level 3 - Significant Unobservable Inputs | Value | |||||||||||||
ASSETS |
| |||||||||||||||
Investments | ||||||||||||||||
Corporate Debt Security | $ | — | $ | 327,043 | $ | — | $ | 327,043 | ||||||||
Municipal Government Obligations | — | 144,079,972 | — | 144,079,972 | ||||||||||||
Repurchase Agreement | — | 7,744,874 | — | 7,744,874 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | $ | — | $ | 152,151,889 | $ | — | $ | 152,151,889 | ||||||||
|
|
|
|
|
|
|
|
Transamerica Funds | Page 6 |
Transamerica High Yield Muni
SCHEDULE OF INVESTMENTS (continued)
At July 31, 2022
(unaudited)
FOOTNOTES TO SCHEDULE OF INVESTMENTS:
(A) | Securities are exempt from registration pursuant to Rule 144A of the Securities Act of 1933. Securities may be resold as transactions exempt from registration, normally to qualified institutional buyers. At July 31, 2022, the total value of 144A securities is $36,709,259, representing 22.7% of the Fund’s net assets. | |
(B) | Restricted securities. At July 31, 2022, the value of such securities held by the Fund are as follows: |
Investments | Description | Acquisition Date | Acquisition Cost | Value | Value as Percentage of Net Assets | |||||||||||||
Corporate Debt Security | Wildflower Improvement Association | 12/10/2020 | $ | 323,035 | $ | 327,043 | 0.2 | % | ||||||||||
Municipal Government Obligations | Industrial Development Authority of the City of Phoenix | 04/06/2016 | 490,008 | 504,433 | 0.3 | |||||||||||||
Municipal Government Obligations | Health & Educational Facilities Authority | 09/10/2019 | 78,020 | 75,212 | 0.1 | |||||||||||||
Municipal Government Obligations | New Jersey Economic Development Authority | 01/22/2015 | 9,907 | 9,779 | 0.0 | (C) | ||||||||||||
Municipal Government Obligations | City of Cleveland | 07/27/2015 | 20,062 | 20,027 | 0.0 | (C) | ||||||||||||
|
|
|
|
|
| |||||||||||||
Total | $ | 921,032 | $ | 936,494 | 0.6 | % | ||||||||||||
|
|
|
|
|
|
(C) | Percentage rounds to less than 0.1% or (0.1)%. | |
(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 in default; no interest payments received and/or dividends declared during the last 12 months. At July 31, 2022, the total value of such securities is $450,500, representing 0.3% of the Fund’s net assets. | |
(F) | Non-income producing securities. | |
(G) | Rate disclosed reflects the yield at July 31, 2022. | |
(H) | 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. |
MUNICIPAL INSURER ABBREVIATIONS:
ACA | ACA Financial Guaranty Corp. | |
AGC | Assured Guaranty Corp. | |
AGM | Assured Guaranty Municipal Corp. | |
AMBAC | AMBAC Financial Group, Inc. | |
BAM | Build America Mutual Assurance Co. | |
FGIC | Financial Guaranty Insurance Co. | |
NATL | National Public Finance Guarantee Corp. |
PORTFOLIO ABBREVIATIONS:
CPI | Consumer Price Index | |
CR | Custodial Receipts | |
ICC | Insured Custody Certificate |
Transamerica Funds | Page 7 |
Transamerica High Yield Muni
NOTES TO SCHEDULE OF INVESTMENTS
At July 31, 2022
(unaudited)
INVESTMENT VALUATION
Transamerica High Yield Muni (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 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:
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.
Municipal government obligations: The fair value of municipal government obligations and variable rate notes is estimated based on models that consider, among other factors, information received from market makers and broker-dealers, current trades, bid-want lists, offerings, market movements, the liquidity of the bond, state of issuance, benchmark yield curves, and bond or note insurance. 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.
Repurchase agreements: Repurchase agreements are valued at cost, which approximates fair value. To the extent the inputs are observable and timely, the values are generally categorized in Level 2 of the fair value hierarchy.
Restricted securities: Restricted securities for which quotations are not readily available are valued at fair value. Restricted securities issued by publicly traded companies are generally valued at a discount to similar publicly traded securities. Restricted securities issued by nonpublic entities may be valued by reference to comparable public entities and/or fundamental data relating to the issuer. Depending on the relative significance of observable valuation inputs, these instruments may be classified in either Level 2 or Level 3 of the fair value hierarchy.
Transamerica Funds | Page 8 |