Transamerica Short-Term Bond
SCHEDULE OF INVESTMENTS
At July 31, 2022
(unaudited)
Principal | Value | |||||||
ASSET-BACKED SECURITIES - 9.7% | ||||||||
Accelerated LLC | ||||||||
Series 2021-1H, Class A, | ||||||||
1.35%, 10/20/2040 (A) | $ 2,509,379 | $ 2,352,442 | ||||||
Series 2021-1H, Class B, | ||||||||
1.90%, 10/20/2040 (A) | 8,804,706 | 8,067,285 | ||||||
Series 2021-1H, Class C, | ||||||||
2.35%, 10/20/2040 (A) | 3,988,931 | 3,638,038 | ||||||
Anchorage Capital CLO 11 Ltd. | ||||||||
Series 2019-11A, Class AR, | ||||||||
3-Month LIBOR + 1.14%, | 12,300,000 | 12,015,021 | ||||||
Anchorage Capital CLO 9 Ltd. | ||||||||
Series 2016-9A, Class AR2, | ||||||||
3-Month LIBOR + 1.14%, | 10,000,000 | 9,769,160 | ||||||
Apidos CLO XXXI | ||||||||
Series 2019-31A, Class BR, | ||||||||
3-Month LIBOR + 1.55%, | 12,500,000 | 11,895,662 | ||||||
Aqua Finance Trust | ||||||||
Series 2021-A, Class A, | ||||||||
1.54%, 07/17/2046 (A) | 7,658,280 | 7,132,262 | ||||||
BXG Receivables Note Trust | ||||||||
Series 2017-A, Class A, | ||||||||
2.95%, 10/04/2032 (A) | 2,549,780 | 2,473,222 | ||||||
Series 2020-A, Class A, | ||||||||
1.55%, 02/28/2036 (A) | 5,905,659 | 5,492,285 | ||||||
CF Hippolyta Issuer LLC | ||||||||
Series 2020-1, Class B1, | ||||||||
2.28%, 07/15/2060 (A) | 5,983,273 | 5,478,536 | ||||||
CWABS Asset-Backed Certificates Trust | ||||||||
Series 2006-17, Class 2A2, | ||||||||
1-Month LIBOR + 0.30%, | 3,078,259 | 3,016,733 | ||||||
Diamond Resorts Owner Trust | ||||||||
Series 2019-1A, Class A, | ||||||||
2.89%, 02/20/2032 (A) | 2,614,020 | 2,565,355 | ||||||
Series 2021-1A, Class B, | ||||||||
2.05%, 11/21/2033 (A) | 2,302,661 | 2,167,512 | ||||||
Series 2021-1A, Class C, | ||||||||
2.70%, 11/21/2033 (A) | 2,149,150 | 2,025,515 | ||||||
Halcyon Loan Advisors Funding Ltd. | ||||||||
Series 2015-1A, Class B1R, | ||||||||
3-Month LIBOR + 1.55%, | 2,310,106 | 2,307,184 | ||||||
Hilton Grand Vacations Trust | ||||||||
Series 2019-AA, Class A, | ||||||||
2.34%, 07/25/2033 (A) | 3,830,581 | 3,671,268 | ||||||
Series 2020-AA, Class A, | ||||||||
2.74%, 02/25/2039 (A) | 3,487,991 | 3,372,107 | ||||||
Marathon Static CLO Ltd. | ||||||||
Series 2022-18A, Class A1, | ||||||||
3-Month SOFR + 2.22%, | 7,000,000 | 6,965,000 | ||||||
Mill City Mortgage Loan Trust | ||||||||
Series 2017-3, Class A1, | ||||||||
2.75% (B), 01/25/2061 (A) | 3,131,131 | 3,099,247 |
Principal | Value | |||||||
ASSET-BACKED SECURITIES (continued) | ||||||||
MVW LLC | ||||||||
Series 2019-2A, Class B, | ||||||||
2.44%, 10/20/2038 (A) | $ 3,073,081 | $ 2,887,280 | ||||||
Series 2020-1A, Class A, | ||||||||
1.74%, 10/20/2037 (A) | 3,593,218 | 3,371,656 | ||||||
Series 2021-1WA, Class B, | ||||||||
1.44%, 01/22/2041 (A) | 4,496,201 | 4,099,296 | ||||||
MVW Owner Trust | ||||||||
Series 2019-1A, Class A, | ||||||||
2.89%, 11/20/2036 (A) | 3,693,898 | 3,577,746 | ||||||
New Residential Advance Receivables Trust | ||||||||
Series 2020-APT1, Class AT1, | ||||||||
1.03%, 12/16/2052 (A) | 20,000,000 | 19,564,888 | ||||||
Series 2020-T1, Class AT1, | ||||||||
1.43%, 08/15/2053 (A) | 19,567,000 | 18,705,731 | ||||||
Series 2020-T1, Class CT1, | ||||||||
2.27%, 08/15/2053 (A) | 1,780,000 | 1,691,180 | ||||||
NRZ Advance Receivables Trust | ||||||||
Series 2020-T2, Class AT2, | ||||||||
1.48%, 09/15/2053 (A) | 15,000,000 | 14,304,303 | ||||||
Series 2020-T3, Class AT3, | ||||||||
1.32%, 10/15/2052 (A) | 8,000,000 | 7,944,276 | ||||||
Series 2020-T3, Class BT3, | ||||||||
1.57%, 10/15/2052 (A) | 1,000,000 | 992,411 | ||||||
Series 2020-T3, Class DT3, | ||||||||
2.46%, 10/15/2052 (A) | 1,000,000 | 992,043 | ||||||
Ocwen Master Advance Receivables Trust | ||||||||
Series 2020-T1, Class AT1, | ||||||||
1.28%, 08/15/2052 (A) | 13,359,874 | 13,342,406 | ||||||
Orange Lake Timeshare Trust | ||||||||
Series 2016-A, Class A, | ||||||||
2.61%, 03/08/2029 (A) | 2,277,056 | 2,216,112 | ||||||
Series 2018-A, Class C, | ||||||||
3.74%, 11/08/2030 (A) | 1,598,456 | 1,557,427 | ||||||
Series 2019-A, Class C, | ||||||||
3.61%, 04/09/2038 (A) | 3,157,699 | 3,043,304 | ||||||
PennantPark CLO III Ltd. | ||||||||
Series 2021-3A, Class A1, | ||||||||
3-Month LIBOR + 1.62%, | 15,000,000 | 14,585,925 | ||||||
Sierra Timeshare Receivables Funding LLC | ||||||||
Series 2018-3A, Class A, | ||||||||
3.69%, 09/20/2035 (A) | 1,340,562 | 1,324,087 | ||||||
Series 2018-3A, Class D, | ||||||||
5.20%, 09/20/2035 (A) | 1,310,399 | 1,286,643 | ||||||
Series 2020-2A, Class A, | ||||||||
1.33%, 07/20/2037 (A) | 3,026,836 | 2,874,112 | ||||||
Series 2020-2A, Class C, | ||||||||
3.51%, 07/20/2037 (A) | 2,648,482 | 2,543,277 | ||||||
Series 2021-1A, Class B, | ||||||||
1.34%, 11/20/2037 (A) | 6,394,298 | 5,955,207 | ||||||
SPS Servicer Advance Receivables Trust II | ||||||||
Series 2020-T1, Class AT1, | ||||||||
1.28%, 11/15/2052 (A) | 4,366,667 | 4,321,383 | ||||||
TICP CLO III-2 Ltd. | ||||||||
Series 2018-3R, Class B, | ||||||||
3-Month LIBOR + 1.35%, | 10,000,000 | 9,803,170 | ||||||
Towd Point Mortgage Trust | ||||||||
Series 2016-5, Class A1, | ||||||||
2.50% (B), 10/25/2056 (A) | 1,451,425 | 1,438,316 | ||||||
Series 2017-2, Class A1, | ||||||||
2.75% (B), 04/25/2057 (A) | 1,006,558 | 998,738 | ||||||
Series 2017-3, Class A1, | ||||||||
2.75% (B), 07/25/2057 (A) | 2,382,363 | 2,353,776 |
Transamerica Funds | Page 1 |
Transamerica Short-Term Bond
SCHEDULE OF INVESTMENTS (continued)
At July 31, 2022
(unaudited)
Principal | Value | |||||||
ASSET-BACKED SECURITIES (continued) | ||||||||
Towd Point Mortgage Trust (continued) | ||||||||
Series 2017-4, Class A1, | ||||||||
2.75% (B), 06/25/2057 (A) | $ 3,707,841 | $ 3,613,921 | ||||||
Series 2017-6, Class A1, | ||||||||
2.75% (B), 10/25/2057 (A) | 6,239,043 | 6,132,094 | ||||||
Series 2018-1, Class A1, | ||||||||
3.00% (B), 01/25/2058 (A) | 3,502,826 | 3,434,911 | ||||||
Series 2018-2, Class A1, | ||||||||
3.25% (B), 03/25/2058 (A) | 9,826,972 | 9,632,491 | ||||||
Series 2018-3, Class A1, | ||||||||
3.75% (B), 05/25/2058 (A) | 3,940,531 | 3,864,358 | ||||||
Series 2018-4, Class A1, | ||||||||
3.00% (B), 06/25/2058 (A) | 8,272,508 | 7,914,040 | ||||||
Series 2020-4, Class A1, | ||||||||
1.75%, 10/25/2060 (A) | 11,091,437 | 10,236,085 | ||||||
Trafigura Securitisation Finance PLC | ||||||||
Series 2021-1A, Class A2, | ||||||||
1.08%, 01/15/2025 (A) | 7,270,000 | 6,572,916 | ||||||
VSE VOI Mortgage LLC | ||||||||
Series 2017-A, Class A, | ||||||||
2.33%, 03/20/2035 (A) | 5,886,270 | 5,692,256 | ||||||
Welk Resorts LLC | ||||||||
Series 2017-AA, Class A, | ||||||||
2.82%, 06/15/2033 (A) | 1,611,904 | 1,586,338 | ||||||
Wellfleet CLO Ltd. | ||||||||
Series 2015-1A, Class BR4, | ||||||||
3-Month LIBOR + 1.55%, | 10,000,000 | 9,652,910 | ||||||
Series 2016-1A, Class BR, | ||||||||
3-Month LIBOR + 1.50%, | 15,000,000 | 14,590,860 | ||||||
Series 2017-2A, Class A2R, | ||||||||
3-Month LIBOR + 1.62%, | 15,000,000 | 14,493,120 | ||||||
|
| |||||||
Total Asset-Backed Securities |
| 340,694,827 | ||||||
|
| |||||||
CORPORATE DEBT SECURITIES - 62.9% | ||||||||
Aerospace & Defense - 1.0% | ||||||||
Boeing Co. | ||||||||
1.43%, 02/04/2024 | 6,940,000 | 6,675,806 | ||||||
1.95%, 02/01/2024 | 8,089,000 | 7,844,267 | ||||||
Huntington Ingalls Industries, Inc. | ||||||||
0.67%, 08/16/2023 | 9,907,000 | 9,578,440 | ||||||
L3 Harris Technologies, Inc. | ||||||||
3.85%, 06/15/2023 | 9,968,000 | 9,973,844 | ||||||
|
| |||||||
34,072,357 | ||||||||
|
| |||||||
Air Freight & Logistics - 0.6% | ||||||||
GXO Logistics, Inc. | ||||||||
1.65%, 07/15/2026 | 26,130,000 | 22,668,834 | ||||||
|
| |||||||
Airlines - 1.0% | ||||||||
American Airlines Pass-Through Trust | ||||||||
4.38%, 04/01/2024 | 2,821,036 | 2,814,826 | ||||||
Delta Air Lines Pass-Through Trust | ||||||||
3.20%, 10/25/2025 | 5,043,000 | 4,902,587 | ||||||
Delta Air Lines, Inc. | ||||||||
3.80%, 04/19/2023 (D) (E) | 9,957,000 | 9,931,975 | ||||||
Southwest Airlines Co. | ||||||||
5.25%, 05/04/2025 | 13,145,000 | 13,541,546 | ||||||
US Airways Pass-Through Trust | ||||||||
3.95%, 05/15/2027 | 3,643,350 | 3,310,695 | ||||||
|
| |||||||
34,501,629 | ||||||||
|
|
Principal | Value | |||||||
CORPORATE DEBT SECURITIES (continued) | ||||||||
Auto Components - 1.1% | ||||||||
Aptiv PLC / Aptiv Corp. | ||||||||
2.40%, 02/18/2025 | $ 6,979,000 | $ 6,706,810 | ||||||
BorgWarner, Inc. | ||||||||
5.00%, 10/01/2025 (A) | 20,550,000 | 20,905,508 | ||||||
Clarios Global LP / Clarios US Finance Co. | ||||||||
6.25%, 05/15/2026 (A) | 10,304,000 | 10,401,321 | ||||||
|
| |||||||
38,013,639 | ||||||||
|
| |||||||
Banks - 11.8% | ||||||||
AIB Group PLC | ||||||||
4.75%, 10/12/2023 (A) | 6,849,000 | 6,837,890 | ||||||
Banco Santander SA | ||||||||
3.85%, 04/12/2023 | 4,600,000 | 4,594,596 | ||||||
3.89%, 05/24/2024 | 15,000,000 | 15,045,896 | ||||||
Fixed until 03/24/2027, | 7,000,000 | 6,731,333 | ||||||
Bank of America Corp. | ||||||||
Fixed until 12/20/2022, | 13,976,000 | 13,938,846 | ||||||
Fixed until 03/05/2023, | 19,940,000 | 19,904,846 | ||||||
Banque Federative du Credit Mutuel SA | ||||||||
0.65%, 02/27/2024 (A) | 8,117,000 | 7,734,946 | ||||||
Barclays PLC | ||||||||
5.20%, 05/12/2026 | 10,825,000 | 10,902,074 | ||||||
BNP Paribas SA | ||||||||
Fixed until 06/09/2025, | 11,788,000 | 11,011,263 | ||||||
BPCE SA | ||||||||
5.15%, 07/21/2024 (A) | 11,364,000 | 11,357,994 | ||||||
Canadian Imperial Bank of Commerce | ||||||||
0.45%, 06/22/2023 | 10,895,000 | 10,615,363 | ||||||
Citigroup, Inc. | ||||||||
3-Month LIBOR + 1.02%, | 14,675,000 | 14,540,279 | ||||||
Commerzbank AG | ||||||||
8.13%, 09/19/2023 (A) | 8,000,000 | 8,201,025 | ||||||
Cooperatieve Rabobank UA | ||||||||
2.63%, 07/22/2024 (A) (D) | 8,117,000 | 7,914,873 | ||||||
Credit Agricole SA | ||||||||
4.38%, 03/17/2025 (A) | 7,474,000 | 7,380,934 | ||||||
Danske Bank AS | ||||||||
Fixed until 09/10/2024, | 8,929,000 | 8,271,702 | ||||||
1.23%, 06/22/2024 (A) | 10,000,000 | 9,452,804 | ||||||
Fifth Third Bancorp | ||||||||
3.65%, 01/25/2024 | 10,000,000 | 9,992,376 | ||||||
First-Citizens Bank & Trust Co. | ||||||||
Fixed until 09/27/2024, | 5,623,000 | 5,414,778 | ||||||
HSBC Holdings PLC | ||||||||
Fixed until 08/17/2023, | 11,000,000 | 10,575,481 | ||||||
3-Month LIBOR + 1.00%, | 10,000,000 | 9,940,100 | ||||||
Intesa Sanpaolo SpA | ||||||||
3.25%, 09/23/2024 (A) | 8,929,000 | 8,622,367 | ||||||
3.38%, 01/12/2023 (A) | 5,000,000 | 4,974,040 | ||||||
JPMorgan Chase & Co. | ||||||||
Fixed until 04/22/2025, | 21,859,000 | 20,692,411 | ||||||
Fixed until 07/23/2023, | 7,853,000 | 7,836,825 | ||||||
7.75%, 07/15/2025 | 5,982,000 | 6,629,417 |
Transamerica Funds | Page 2 |
Transamerica Short-Term Bond
SCHEDULE OF INVESTMENTS (continued)
At July 31, 2022
(unaudited)
Principal | Value | |||||||
CORPORATE DEBT SECURITIES (continued) | ||||||||
Banks (continued) | ||||||||
Lloyds Banking Group PLC | ||||||||
Fixed until 05/11/2023, | $ 10,000,000 | $ 9,712,423 | ||||||
4.50%, 11/04/2024 | 8,718,000 | 8,737,096 | ||||||
NatWest Group PLC | ||||||||
6.00%, 12/19/2023 | 10,118,000 | 10,322,379 | ||||||
6.13%, 12/15/2022 | 4,985,000 | 5,013,891 | ||||||
Nordea Bank Abp | ||||||||
1.00%, 06/09/2023 (A) | 8,797,000 | 8,625,168 | ||||||
PNC Bank NA | ||||||||
3.88%, 04/10/2025 | 11,750,000 | 11,748,353 | ||||||
Santander UK Group Holdings PLC | ||||||||
4.75%, 09/15/2025 (A) | 1,913,000 | 1,882,342 | ||||||
Santander UK PLC | ||||||||
5.00%, 11/07/2023 (A) | 8,117,000 | 8,147,358 | ||||||
Skandinaviska Enskilda Banken AB | ||||||||
0.65%, 09/09/2024 (A) | 22,000,000 | 20,570,589 | ||||||
Standard Chartered PLC | ||||||||
Fixed until 10/14/2022, | 10,220,000 | 10,161,068 | ||||||
Fixed until 11/23/2024, | 5,500,000 | 5,126,627 | ||||||
UniCredit SpA | ||||||||
Fixed until 09/22/2025, | 7,212,000 | 6,440,404 | ||||||
US Bancorp | ||||||||
2.40%, 07/30/2024 | 9,070,000 | 8,925,670 | ||||||
Wells Fargo & Co. | ||||||||
Fixed until 10/30/2024, | 32,619,000 | 31,391,707 | ||||||
Fixed until 03/24/2027, | 5,989,000 | 5,787,927 | ||||||
|
| |||||||
411,707,461 | ||||||||
|
| |||||||
Beverages - 1.1% | ||||||||
Constellation Brands, Inc. | ||||||||
3.60%, 05/09/2024 | 20,957,000 | 20,960,067 | ||||||
Keurig Dr. Pepper, Inc. | ||||||||
0.75%, 03/15/2024 | 15,849,000 | 15,164,516 | ||||||
4.42%, 05/25/2025 | 1,360,000 | 1,385,139 | ||||||
|
| |||||||
37,509,722 | ||||||||
|
| |||||||
Biotechnology - 0.5% | ||||||||
AbbVie, Inc. | ||||||||
3.80%, 03/15/2025 | 8,090,000 | 8,121,394 | ||||||
Gilead Sciences, Inc. | ||||||||
0.75%, 09/29/2023 | 8,908,000 | 8,653,559 | ||||||
|
| |||||||
16,774,953 | ||||||||
|
| |||||||
Building Products - 0.4% | ||||||||
Carlisle Cos., Inc. | ||||||||
0.55%, 09/01/2023 | 6,980,000 | 6,752,522 | ||||||
Owens Corning | ||||||||
4.20%, 12/01/2024 | 8,091,000 | 8,138,524 | ||||||
|
| |||||||
14,891,046 | ||||||||
|
| |||||||
Capital Markets - 6.1% | ||||||||
Bank of New York Mellon Corp. | ||||||||
3.43% (B), 06/13/2025 | 20,000,000 | 19,942,090 | ||||||
Credit Suisse AG | ||||||||
3-Month SOFR + 0.39%, | 16,749,000 | 16,497,936 | ||||||
3.63%, 09/09/2024 | 5,630,000 | 5,551,884 | ||||||
6.50%, 08/08/2023 (A) | 4,434,000 | 4,456,170 |
Principal | Value | |||||||
CORPORATE DEBT SECURITIES (continued) | ||||||||
Capital Markets (continued) | ||||||||
Deutsche Bank AG | ||||||||
Fixed until 11/26/2024, | $ 4,870,000 | $ 4,702,077 | ||||||
4.50%, 04/01/2025 | 14,000,000 | 13,615,471 | ||||||
Goldman Sachs Group, Inc. | ||||||||
Fixed until 03/08/2023, | 14,955,000 | 14,652,869 | ||||||
3-Month SOFR + 0.58%, | 16,824,000 | 16,580,150 | ||||||
3-Month SOFR + 1.12%, | 15,000,000 | 14,402,585 | ||||||
Macquarie Group Ltd. | ||||||||
Fixed until 01/12/2026, | 12,137,000 | 10,811,954 | ||||||
3-Month SOFR + 0.71%, | 11,404,000 | 11,151,199 | ||||||
Morgan Stanley | ||||||||
Fixed until 07/22/2024, | 4,043,000 | 3,935,854 | ||||||
Fixed until 04/17/2024, | 13,958,000 | 13,830,423 | ||||||
4.10%, 05/22/2023 | 14,873,000 | 14,931,548 | ||||||
Fixed until 07/17/2025, | 20,000,000 | 20,328,829 | ||||||
Nomura Holdings, Inc. | ||||||||
5.10%, 07/03/2025 | 21,582,000 | 22,071,047 | ||||||
UBS Group AG | ||||||||
Fixed until 05/12/2025, | 6,800,000 | 6,839,327 | ||||||
|
| |||||||
214,301,413 | ||||||||
|
| |||||||
Chemicals - 1.2% | ||||||||
DuPont de Nemours, Inc. | ||||||||
4.21%, 11/15/2023 | 20,112,000 | 20,297,589 | ||||||
International Flavors & Fragrances, Inc. | ||||||||
0.70%, 09/15/2022 (A) | 4,322,000 | 4,306,639 | ||||||
LYB International Finance III LLC | ||||||||
1.25%, 10/01/2025 | 3,968,000 | 3,637,941 | ||||||
Syngenta Finance NV | ||||||||
4.44%, 04/24/2023 (A) | 10,000,000 | 9,987,929 | ||||||
Westlake Corp. | ||||||||
0.88%, 08/15/2024 (D) | 3,953,000 | 3,781,553 | ||||||
|
| |||||||
42,011,651 | ||||||||
|
| |||||||
Commercial Services & Supplies - 0.8% | ||||||||
Ashtead Capital, Inc. | ||||||||
1.50%, 08/12/2026 (A) | 7,199,000 | 6,332,401 | ||||||
Triton Container International Ltd. | ||||||||
0.80%, 08/01/2023 (A) | 21,712,000 | 20,852,699 | ||||||
|
| |||||||
27,185,100 | ||||||||
|
| |||||||
Construction Materials - 0.8% | ||||||||
CRH America, Inc. | ||||||||
3.88%, 05/18/2025 (A) | 8,117,000 | 8,114,428 | ||||||
Martin Marietta Materials, Inc. | ||||||||
0.65%, 07/15/2023 | 19,809,000 | 19,252,064 | ||||||
|
| |||||||
27,366,492 | ||||||||
|
| |||||||
Consumer Finance - 5.6% | ||||||||
Ally Financial, Inc. | ||||||||
5.75%, 11/20/2025 | 16,948,000 | 17,162,200 | ||||||
American Express Co. | ||||||||
3.38%, 05/03/2024 | 20,936,000 | 20,901,832 | ||||||
American Honda Finance Corp. | ||||||||
0.88%, 07/07/2023 | 11,959,000 | 11,696,868 |
Transamerica Funds | Page 3 |
Transamerica Short-Term Bond
SCHEDULE OF INVESTMENTS (continued)
At July 31, 2022
(unaudited)
Principal | Value | |||||||
CORPORATE DEBT SECURITIES (continued) | ||||||||
Consumer Finance (continued) | ||||||||
Capital One Financial Corp. | ||||||||
Fixed until 05/09/2024, | $ 20,936,000 | $ 20,760,142 | ||||||
Ford Motor Credit Co. LLC | ||||||||
2.70%, 08/10/2026 | 2,006,000 | 1,819,442 | ||||||
3.37%, 11/17/2023 | 5,000,000 | 4,900,750 | ||||||
3.38%, 11/13/2025 | 7,233,000 | 6,854,529 | ||||||
General Motors Financial Co., Inc. | ||||||||
3-Month SOFR + 0.76%, | 14,954,000 | 14,594,751 | ||||||
2.75%, 06/20/2025 | 8,094,000 | 7,737,905 | ||||||
Hyundai Capital America | ||||||||
0.80%, 04/03/2023 - 01/08/2024 (A) | 24,933,000 | 24,108,722 | ||||||
John Deere Capital Corp. | ||||||||
3.40%, 06/06/2025 | 20,816,000 | 20,941,730 | ||||||
Mercedes-Benz Finance North America LLC | ||||||||
0.75%, 03/01/2024 (A) | 13,548,000 | 12,959,976 | ||||||
Nissan Motor Acceptance Co. LLC | ||||||||
1.13%, 09/16/2024 (A) | 12,140,000 | 11,261,882 | ||||||
Volkswagen Group of America Finance LLC | ||||||||
3.95%, 06/06/2025 (A) | 20,000,000 | 19,893,315 | ||||||
|
| |||||||
195,594,044 | ||||||||
|
| |||||||
Containers & Packaging - 1.0% | ||||||||
Avery Dennison Corp. | ||||||||
0.85%, 08/15/2024 | 12,139,000 | 11,454,360 | ||||||
Berry Global, Inc. | ||||||||
0.95%, 02/15/2024 | 4,469,000 | 4,244,704 | ||||||
1.57%, 01/15/2026 | 4,046,000 | 3,684,804 | ||||||
4.88%, 07/15/2026 (A) | 8,091,000 | 7,943,097 | ||||||
Sonoco Products Co. | ||||||||
1.80%, 02/01/2025 | 8,699,000 | 8,245,856 | ||||||
|
| |||||||
35,572,821 | ||||||||
|
| |||||||
Diversified Consumer Services - 0.5% | ||||||||
Nationwide Building Society | ||||||||
3-Month SOFR + 1.29%, | 10,054,000 | 9,671,757 | ||||||
Fixed until 03/08/2023, | 6,821,000 | 6,798,541 | ||||||
|
| |||||||
16,470,298 | ||||||||
|
| |||||||
Diversified Financial Services - 2.0% | ||||||||
AerCap Ireland Capital DAC / AerCap Global Aviation Trust | ||||||||
1.65%, 10/29/2024 | 12,048,000 | 11,192,939 | ||||||
3.30%, 01/23/2023 | 6,030,000 | 6,006,077 | ||||||
AIG Global Funding | ||||||||
0.65%, 06/17/2024 (A) | 8,902,000 | 8,415,913 | ||||||
Aviation Capital Group LLC | ||||||||
1.95%, 01/30/2026 (A) | 1,813,000 | 1,585,564 | ||||||
4.38%, 01/30/2024 (A) | 6,424,000 | 6,314,096 | ||||||
5.50%, 12/15/2024 (A) | 8,793,000 | 8,724,656 | ||||||
Element Fleet Management Corp. | ||||||||
1.60%, 04/06/2024 (A) (D) | 12,043,000 | 11,499,364 | ||||||
3.85%, 06/15/2025 (A) | 7,068,000 | 6,949,495 | ||||||
Jackson Financial, Inc. | ||||||||
1.13%, 11/22/2023 (A) | 8,360,000 | 8,087,156 | ||||||
|
| |||||||
68,775,260 | ||||||||
|
|
Principal | Value | |||||||
CORPORATE DEBT SECURITIES (continued) | ||||||||
Diversified Telecommunication Services - 0.5% | ||||||||
AT&T, Inc. | ||||||||
3-Month SOFR + 0.64%, | $ 6,928,000 | $ 6,843,735 | ||||||
Lumen Technologies, Inc. | ||||||||
5.13%, 12/15/2026 (A) | 10,388,000 | 9,479,050 | ||||||
|
| |||||||
16,322,785 | ||||||||
|
| |||||||
Electric Utilities - 3.4% | ||||||||
American Electric Power Co., Inc. | ||||||||
0.75%, 11/01/2023 | 9,842,000 | 9,529,785 | ||||||
Enel Finance International NV | ||||||||
2.65%, 09/10/2024 (A) | 14,611,000 | 14,132,175 | ||||||
Entergy Louisiana LLC | ||||||||
0.95%, 10/01/2024 | 14,957,000 | 14,174,067 | ||||||
Evergy, Inc. | ||||||||
2.45%, 09/15/2024 | 9,388,000 | 9,111,087 | ||||||
Eversource Energy | ||||||||
4.20%, 06/27/2024 | 21,308,000 | 21,383,839 | ||||||
Georgia Power Co. | ||||||||
2.10%, 07/30/2023 | 7,441,000 | 7,338,968 | ||||||
Metropolitan Edison Co. | ||||||||
3.50%, 03/15/2023 (A) | 12,044,000 | 11,979,578 | ||||||
NextEra Energy Capital Holdings, Inc. | ||||||||
3-Month SOFR + 0.54%, | 9,635,000 | 9,592,321 | ||||||
Oncor Electric Delivery Co. LLC | ||||||||
2.75%, 06/01/2024 | 10,771,000 | 10,654,607 | ||||||
Southern Co. | ||||||||
0.60%, 02/26/2024 | 9,968,000 | 9,483,150 | ||||||
|
| |||||||
117,379,577 | ||||||||
|
| |||||||
Equity Real Estate Investment Trusts - 2.4% | ||||||||
American Tower Corp. | ||||||||
3.00%, 06/15/2023 | 17,032,000 | 16,973,498 | ||||||
HAT Holdings I LLC / HAT Holdings II LLC | ||||||||
3.38%, 06/15/2026 (A) | 11,215,000 | 9,830,452 | ||||||
National Retail Properties, Inc. | ||||||||
3.60%, 12/15/2026 | 7,606,000 | 7,403,340 | ||||||
Office Properties Income Trust | ||||||||
2.65%, 06/15/2026 | 8,092,000 | 6,744,652 | ||||||
Realty Income Corp. | ||||||||
4.60%, 02/06/2024 | 23,370,000 | 23,704,256 | ||||||
Simon Property Group LP | ||||||||
3-Month SOFR + 0.43%, | 9,776,000 | 9,668,288 | ||||||
Ventas Realty LP | ||||||||
3.25%, 10/15/2026 | 8,903,000 | 8,514,276 | ||||||
|
| |||||||
82,838,762 | ||||||||
|
| |||||||
Food & Staples Retailing - 0.1% | ||||||||
Albertsons Cos., Inc. / Safeway, Inc. / New Albertsons LP | ||||||||
3.50%, 02/15/2023 (A) | 3,984,000 | 3,982,805 | ||||||
|
| |||||||
Food Products - 0.1% | ||||||||
Bunge Ltd. Finance Corp. | ||||||||
1.63%, 08/17/2025 | 2,917,000 | 2,729,028 | ||||||
|
| |||||||
Health Care Equipment & Supplies - 0.2% | ||||||||
Stryker Corp. | ||||||||
0.60%, 12/01/2023 | 8,974,000 | 8,644,065 | ||||||
|
| |||||||
Health Care Providers & Services - 0.8% | ||||||||
Cigna Corp. | ||||||||
0.61%, 03/15/2024 | 4,941,000 | 4,725,943 |
Transamerica Funds | Page 4 |
Transamerica Short-Term Bond
SCHEDULE OF INVESTMENTS (continued)
At July 31, 2022
(unaudited)
Principal | Value | |||||||
CORPORATE DEBT SECURITIES (continued) | ||||||||
Health Care Providers & Services (continued) | ||||||||
CVS Health Corp. | ||||||||
2.63%, 08/15/2024 | $ 4,979,000 | $ 4,920,412 | ||||||
HCA, Inc. | ||||||||
5.00%, 03/15/2024 | 12,128,000 | 12,293,000 | ||||||
Laboratory Corp. of America Holdings | ||||||||
2.30%, 12/01/2024 | 8,084,000 | 7,818,524 | ||||||
|
| |||||||
29,757,879 | ||||||||
|
| |||||||
Hotels, Restaurants & Leisure - 1.7% | ||||||||
GLP Capital LP / GLP Financing II, Inc. | ||||||||
3.35%, 09/01/2024 | 3,636,000 | 3,502,632 | ||||||
Hyatt Hotels Corp. | ||||||||
1.30%, 10/01/2023 | 5,666,000 | 5,490,852 | ||||||
1.80%, 10/01/2024 | �� | 12,708,000 | 12,027,379 | |||||
Las Vegas Sands Corp. | ||||||||
3.20%, 08/08/2024 | 7,276,000 | 7,065,667 | ||||||
Magallanes, Inc. | ||||||||
3.43%, 03/15/2024 (A) | 21,892,000 | 21,551,679 | ||||||
3.53%, 03/15/2024 (A) | 9,554,000 | 9,387,233 | ||||||
|
| |||||||
59,025,442 | ||||||||
|
| |||||||
Household Durables - 0.6% | ||||||||
Lennar Corp. | ||||||||
5.88%, 11/15/2024 | 17,738,000 | 18,287,659 | ||||||
Newell Brands, Inc. | ||||||||
4.10%, 04/01/2023 | 2,235,000 | 2,228,529 | ||||||
|
| |||||||
20,516,188 | ||||||||
|
| |||||||
Insurance - 3.7% | ||||||||
Allied World Assurance Co. Holdings Ltd. | ||||||||
4.35%, 10/29/2025 | 14,369,000 | 14,155,819 | ||||||
Athene Global Funding | ||||||||
0.95%, 01/08/2024 (A) | 10,562,000 | 10,084,429 | ||||||
Brighthouse Financial Global Funding | ||||||||
1.00%, 04/12/2024 (A) | 12,138,000 | 11,504,636 | ||||||
Brown & Brown, Inc. | ||||||||
4.20%, 09/15/2024 | 9,820,000 | 9,828,386 | ||||||
Corebridge Financial, Inc. | ||||||||
3.50%, 04/04/2025 (A) | 21,248,000 | 20,784,653 | ||||||
Five Corners Funding Trust | ||||||||
4.42%, 11/15/2023 (A) | 7,131,000 | 7,165,872 | ||||||
GA Global Funding Trust | ||||||||
0.80%, 09/13/2024 (A) | 18,547,000 | 17,219,133 | ||||||
Marsh & McLennan Cos., Inc. | ||||||||
3.88%, 03/15/2024 | 8,778,000 | 8,825,762 | ||||||
Met Tower Global Funding | ||||||||
3.70%, 06/13/2025 (A) | 21,000,000 | 20,981,404 | ||||||
Security Benefit Global Funding | ||||||||
1.25%, 05/17/2024 (A) | 8,092,000 | 7,646,972 | ||||||
|
| |||||||
128,197,066 | ||||||||
|
| |||||||
IT Services - 0.7% | ||||||||
DXC Technology Co. | ||||||||
1.80%, 09/15/2026 | 5,398,000 | 4,860,879 | ||||||
Fidelity National Information Services, Inc. | ||||||||
0.38%, 03/01/2023 | 8,789,000 | 8,629,949 | ||||||
Fiserv, Inc. | ||||||||
2.75%, 07/01/2024 | 10,943,000 | 10,781,072 | ||||||
|
| |||||||
24,271,900 | ||||||||
|
| |||||||
Leisure Products - 0.3% | ||||||||
Brunswick Corp. | ||||||||
0.85%, 08/18/2024 | 12,062,000 | 11,294,411 | ||||||
|
|
Principal | Value | |||||||
CORPORATE DEBT SECURITIES (continued) | ||||||||
Media - 0.9% | ||||||||
Charter Communications Operating LLC / Charter Communications Operating Capital | ||||||||
4.91%, 07/23/2025 | $ 12,133,000 | $ 12,306,917 | ||||||
Discovery Communications LLC | ||||||||
2.95%, 03/20/2023 | 6,297,000 | 6,278,341 | ||||||
DISH DBS Corp. | ||||||||
5.00%, 03/15/2023 | 10,484,000 | 10,287,425 | ||||||
Paramount Global | ||||||||
4.75%, 05/15/2025 | 1,609,000 | 1,634,245 | ||||||
|
| |||||||
30,506,928 | ||||||||
|
| |||||||
Metals & Mining - 0.9% | ||||||||
Constellium SE | ||||||||
5.88%, 02/15/2026 (A) | 10,457,000 | 10,147,276 | ||||||
Freeport-McMoRan, Inc. | ||||||||
3.88%, 03/15/2023 | 12,178,000 | 12,133,377 | ||||||
4.55%, 11/14/2024 | 4,114,000 | 4,135,599 | ||||||
Glencore Funding LLC | ||||||||
3.00%, 10/27/2022 (A) (D) | 6,974,000 | 6,944,261 | ||||||
|
| |||||||
33,360,513 | ||||||||
|
| |||||||
Mortgage Real Estate Investment Trusts - 0.1% | ||||||||
Starwood Property Trust, Inc. | ||||||||
3.75%, 12/31/2024 (A) | 3,490,000 | 3,365,983 | ||||||
|
| |||||||
Multi-Utilities - 1.2% | ||||||||
Black Hills Corp. | ||||||||
1.04%, 08/23/2024 | 7,262,000 | 6,822,758 | ||||||
4.25%, 11/30/2023 (D) | 9,898,000 | 9,944,861 | ||||||
Dominion Energy, Inc. | ||||||||
2.45%, 01/15/2023 (A) | 7,820,000 | 7,774,432 | ||||||
DTE Energy Co. | ||||||||
2.53%(F), 10/01/2024 | 8,174,000 | 7,949,061 | ||||||
NiSource, Inc. | ||||||||
0.95%, 08/15/2025 | 12,136,000 | 11,099,630 | ||||||
|
| |||||||
43,590,742 | ||||||||
|
| |||||||
Oil, Gas & Consumable Fuels - 3.4% | ||||||||
Cheniere Corpus Christi Holdings LLC | ||||||||
7.00%, 06/30/2024 | 10,018,000 | 10,389,162 | ||||||
DCP Midstream Operating LP | ||||||||
5.38%, 07/15/2025 | 16,350,000 | 16,677,000 | ||||||
Energy Transfer LP | ||||||||
4.20%, 09/15/2023 | 4,042,000 | 4,043,811 | ||||||
Eni SpA | ||||||||
4.00%, 09/12/2023 (A) | 8,629,000 | 8,610,729 | ||||||
Kinder Morgan Energy Partners LP | ||||||||
4.30%, 05/01/2024 | 13,267,000 | 13,349,801 | ||||||
MPLX LP | ||||||||
3.50%, 12/01/2022 (D) | 8,683,000 | 8,675,812 | ||||||
4.88%, 12/01/2024 | 4,595,000 | 4,671,573 | ||||||
Phillips 66 | ||||||||
3.85%, 04/09/2025 (D) | 8,940,000 | 9,028,517 | ||||||
Plains All American Pipeline LP / PAA Finance Corp. | ||||||||
3.60%, 11/01/2024 | 1,274,000 | 1,252,651 | ||||||
3.85%, 10/15/2023 | 6,324,000 | 6,305,795 | ||||||
4.65%, 10/15/2025 | 4,851,000 | 4,857,652 | ||||||
SA Global Sukuk Ltd. | ||||||||
0.95%, 06/17/2024 (A) | 3,000,000 | 2,850,834 | ||||||
Sabine Pass Liquefaction LLC | ||||||||
5.63%, 04/15/2023 | 17,281,000 | 17,390,538 |
Transamerica Funds | Page 5 |
Transamerica Short-Term Bond
SCHEDULE OF INVESTMENTS (continued)
At July 31, 2022
(unaudited)
Principal | Value | |||||||
CORPORATE DEBT SECURITIES (continued) | ||||||||
Oil, Gas & Consumable Fuels (continued) | ||||||||
Saudi Arabian Oil Co. | ||||||||
1.25%, 11/24/2023 (A) | $ 1,737,000 | $ 1,683,195 | ||||||
Williams Cos., Inc. | ||||||||
4.55%, 06/24/2024 | 10,001,000 | 10,101,253 | ||||||
|
| |||||||
119,888,323 | ||||||||
|
| |||||||
Personal Products - 0.5% | ||||||||
GSK Consumer Healthcare Capital UK PLC | ||||||||
3.13%, 03/24/2025 (A) | 19,440,000 | 19,180,390 | ||||||
|
| |||||||
Pharmaceuticals - 1.0% | ||||||||
Bayer US Finance II LLC | ||||||||
3.88%, 12/15/2023 (A) | 8,117,000 | 8,119,805 | ||||||
Royalty Pharma PLC | ||||||||
0.75%, 09/02/2023 | 9,188,000 | 8,879,599 | ||||||
Takeda Pharmaceutical Co. Ltd. | ||||||||
4.40%, 11/26/2023 | 15,000,000 | 15,127,303 | ||||||
Viatris, Inc. | ||||||||
1.65%, 06/22/2025 | 4,045,000 | 3,705,578 | ||||||
|
| |||||||
35,832,285 | ||||||||
|
| |||||||
Professional Services - 0.2% | ||||||||
Equifax, Inc. | ||||||||
2.60%, 12/01/2024 | 6,652,000 | 6,454,364 | ||||||
|
| |||||||
Road & Rail - 0.5% | ||||||||
Avolon Holdings Funding Ltd. | ||||||||
5.50%, 01/15/2023 (A) | 6,127,000 | 6,133,866 | ||||||
Canadian Pacific Railway Co. | ||||||||
1.35%, 12/02/2024 | 10,978,000 | 10,420,496 | ||||||
|
| |||||||
16,554,362 | ||||||||
|
| |||||||
Semiconductors & Semiconductor Equipment - 0.8% | ||||||||
KLA Corp. | ||||||||
4.65%, 11/01/2024 | 4,084,000 | 4,166,491 | ||||||
Microchip Technology, Inc. | ||||||||
0.97%, 02/15/2024 | 8,902,000 | 8,489,495 | ||||||
0.98%, 09/01/2024 | 8,324,000 | 7,805,586 | ||||||
Skyworks Solutions, Inc. | ||||||||
0.90%, 06/01/2023 | 6,931,000 | 6,738,257 | ||||||
|
| |||||||
27,199,829 | ||||||||
|
| |||||||
Software - 1.1% | ||||||||
Infor, Inc. | ||||||||
1.45%, 07/15/2023 (A) | 11,692,000 | 11,370,956 | ||||||
1.75%, 07/15/2025 (A) | 7,984,000 | 7,480,267 | ||||||
Take-Two Interactive Software, Inc. | ||||||||
3.30%, 03/28/2024 | 14,954,000 | 14,865,278 | ||||||
VMware, Inc. | ||||||||
0.60%, 08/15/2023 | 6,978,000 | 6,756,566 | ||||||
|
| |||||||
40,473,067 | ||||||||
|
| |||||||
Technology Hardware, Storage & Peripherals - 0.4% | ||||||||
Hewlett Packard Enterprise Co. | ||||||||
1.45%, 04/01/2024 | 9,113,000 | 8,819,253 | ||||||
4.45%, 10/02/2023 | 4,984,000 | 5,028,740 | ||||||
|
| |||||||
13,847,993 | ||||||||
|
| |||||||
Tobacco - 0.5% | ||||||||
BAT Capital Corp. | ||||||||
3.22%, 08/15/2024 | 5,327,000 | 5,227,680 | ||||||
BAT International Finance PLC | ||||||||
1.67%, 03/25/2026 | 12,133,000 | 10,967,852 | ||||||
|
| |||||||
16,195,532 | ||||||||
|
|
Principal | Value | |||||||
CORPORATE DEBT SECURITIES (continued) | ||||||||
Trading Companies & Distributors - 0.4% | ||||||||
Air Lease Corp. | ||||||||
2.25%, 01/15/2023 | $ 15,548,000 | $ 15,418,550 | ||||||
|
| |||||||
Transportation Infrastructure - 0.2% | ||||||||
Penske Truck Leasing Co. LP / PTL Finance Corp. | ||||||||
3.45%, 07/01/2024 (A) | 6,466,000 | 6,354,136 | ||||||
|
| |||||||
Wireless Telecommunication Services - 0.8% | ||||||||
Rogers Communications, Inc. | ||||||||
2.95%, 03/15/2025 (A) | 18,227,000 | 17,921,333 | ||||||
Sprint Corp. | ||||||||
7.88%, 09/15/2023 | 2,975,000 | 3,082,055 | ||||||
T-Mobile USA, Inc. | ||||||||
3.50%, 04/15/2025 | 8,354,000 | 8,252,264 | ||||||
|
| |||||||
29,255,652 | ||||||||
|
| |||||||
Total Corporate Debt Securities |
| 2,199,855,277 | ||||||
|
| |||||||
FOREIGN GOVERNMENT OBLIGATION - 0.1% | ||||||||
Qatar - 0.1% | ||||||||
Qatar Government International Bond | ||||||||
3.88%, 04/23/2023 (A) | 2,175,000 | 2,180,398 | ||||||
|
| |||||||
Total Foreign Government Obligation |
| 2,180,398 | ||||||
|
| |||||||
LOAN ASSIGNMENT - 0.3% | ||||||||
Commercial Services & Supplies - 0.3% | ||||||||
Spin Holdco, Inc. | ||||||||
Term Loan, | ||||||||
3-Month LIBOR + 4.00%, | 9,875,000 | 9,092,406 | ||||||
|
| |||||||
Total Loan Assignment |
| 9,092,406 | ||||||
|
| |||||||
MORTGAGE-BACKED SECURITIES - 13.4% | ||||||||
20 Times Square Trust | ||||||||
Series 2018-20TS, Class B, | ||||||||
3.10% (B), 05/15/2035 (A) | 3,000,000 | 2,927,426 | ||||||
Series 2018-20TS, Class C, | ||||||||
3.10% (B), 05/15/2035 (A) | 10,900,000 | 10,578,148 | ||||||
280 Park Avenue Mortgage Trust | ||||||||
Series 2017-280P, Class C, | ||||||||
1-Month LIBOR + 1.25%, | 16,000,000 | 15,030,858 | ||||||
AOA Mortgage Trust | ||||||||
Series 2021-1177, Class C, | ||||||||
1-Month LIBOR + 1.42%, | 9,300,000 | 8,698,914 | ||||||
Ashford Hospitality Trust | ||||||||
Series 2018-ASHF, Class C, | ||||||||
1-Month LIBOR + 1.40%, | 18,800,000 | 17,708,352 | ||||||
Series 2018-ASHF, Class D, | ||||||||
1-Month LIBOR + 2.10%, | 10,520,000 | 9,840,978 | ||||||
Austin Fairmont Hotel Trust | ||||||||
Series 2019-FAIR, Class D, | ||||||||
1-Month LIBOR + 1.80%, | 5,000,000 | 4,748,227 |
Transamerica Funds | Page 6 |
Transamerica Short-Term Bond
SCHEDULE OF INVESTMENTS (continued)
At July 31, 2022
(unaudited)
Principal | Value | |||||||
MORTGAGE-BACKED SECURITIES (continued) | ||||||||
BBCMS Mortgage Trust | ||||||||
Series 2017-DELC, Class C, | ||||||||
1-Month LIBOR + 1.20%, | $ 5,300,000 | $ 5,153,162 | ||||||
Series 2017-DELC, Class D, | ||||||||
1-Month LIBOR + 1.70%, | 15,254,000 | 14,751,960 | ||||||
Series 2017-DELC, Class E, | ||||||||
1-Month LIBOR + 2.50%, | 5,000,000 | 4,792,650 | ||||||
Series 2018-TALL, Class C, | ||||||||
1-Month LIBOR + 1.12%, | 11,015,000 | 9,997,904 | ||||||
Series 2018-TALL, Class E, | ||||||||
1-Month LIBOR + 2.44%, | 15,000,000 | 12,587,273 | ||||||
BX Commercial Mortgage Trust | ||||||||
Series 2019-XL, Class D, | ||||||||
1-Month LIBOR + 1.45%, | 10,200,000 | 9,943,335 | ||||||
Series 2020-VKNG, Class C, | ||||||||
1-Month LIBOR + 1.40%, | 4,395,720 | 4,189,834 | ||||||
Series 2021-VOLT, Class C, | ||||||||
1-Month LIBOR + 1.10%, | 11,700,000 | 10,935,386 | ||||||
BX Trust | ||||||||
Series 2018-GW, Class D, | ||||||||
1-Month LIBOR + 1.77%, | 6,250,000 | 5,966,909 | ||||||
Series 2021-ARIA, Class C, | ||||||||
1-Month LIBOR + 1.65%, | 13,000,000 | 12,134,793 | ||||||
Series 2021-MFM1, Class C, | ||||||||
1-Month LIBOR + 1.20%, | 4,000,000 | 3,798,874 | ||||||
BXP Trust | ||||||||
Series 2017-CQHP, Class D, | ||||||||
1-Month LIBOR + 2.00%, | 11,825,000 | 10,781,759 | ||||||
CAMB Commercial Mortgage Trust | ||||||||
Series 2019-LIFE, Class D, | ||||||||
1-Month LIBOR + 1.75%, | 9,760,000 | 9,424,239 | ||||||
CIM Trust | ||||||||
Series 2021-R6, Class A1, | ||||||||
1.43% (B), 07/25/2061 (A) | 14,110,116 | 12,904,731 | ||||||
Citigroup Mortgage Loan Trust, Inc. | ||||||||
Series 2014-A, Class A, | ||||||||
4.00% (B), 01/25/2035 (A) | 1,420,946 | 1,396,951 | ||||||
Series 2018-RP1, Class A1, | ||||||||
3.00% (B), 09/25/2064 (A) | 3,600,022 | 3,534,516 | ||||||
CLNY Trust | ||||||||
Series 2019-IKPR, Class C, | ||||||||
1-Month LIBOR + 1.68%, | 14,650,000 | 13,766,152 | ||||||
CORE Mortgage Trust | ||||||||
Series 2019-CORE, Class C, | ||||||||
1-Month LIBOR + 1.30%, | 12,312,000 | 11,810,799 | ||||||
CSMC Trust | ||||||||
Series 2021-RPL2, Class A1A, | ||||||||
1.11% (B), 01/25/2060 (A) | 12,017,202 | 10,521,467 |
Principal | Value | |||||||
MORTGAGE-BACKED SECURITIES (continued) | ||||||||
CSMC Trust (continued) | ||||||||
Series 2021-RPL3, Class A1, | ||||||||
2.00% (B), 01/25/2060 (A) | $ 6,828,483 | $ 6,424,717 | ||||||
Series 2021-RPL6, Class A1, | ||||||||
2.00% (B), 10/25/2060 (A) | 12,823,535 | 11,815,871 | ||||||
DBCG Mortgage Trust | ||||||||
Series 2017-BBG, Class B, | ||||||||
1-Month LIBOR + 0.85%, | 12,500,000 | 12,142,876 | ||||||
Series 2017-BBG, Class C, | ||||||||
1-Month LIBOR + 1.00%, | 2,500,000 | 2,413,492 | ||||||
Fontainebleau Miami Beach Trust | ||||||||
Series 2019-FBLU, Class D, | ||||||||
3.96% (B), 12/10/2036 (A) | 15,000,000 | 14,333,177 | ||||||
Great Wolf Trust | ||||||||
Series 2019-WOLF, Class C, | ||||||||
1-Month LIBOR + 1.63%, | 9,960,000 | 9,508,949 | ||||||
GS Mortgage Securities Trust | ||||||||
Series 2013-G1, Class A1, | ||||||||
2.06%, 04/10/2031 (A) | 544,399 | 542,638 | ||||||
JPMorgan Chase Commercial Mortgage Securities Trust | ||||||||
Series 2022-NLP, Class C, | ||||||||
1-Month SOFR + 1.48%, | 10,000,000 | 9,348,549 | ||||||
MBRT | ||||||||
Series 2019-MBR, Class D, | ||||||||
1-Month LIBOR + 1.95%, | 10,730,000 | 10,298,180 | ||||||
Metlife Securitization Trust | ||||||||
Series 2017-1A, Class A, | ||||||||
3.00% (B), 04/25/2055 (A) | 4,867,310 | 4,719,352 | ||||||
MFA Trust | ||||||||
Series 2021-RPL1, Class A1, | ||||||||
1.13% (B), 07/25/2060 (A) | 3,942,582 | 3,617,455 | ||||||
MHP Trust | ||||||||
Series 2021-STOR, Class C, | ||||||||
1-Month LIBOR + 1.05%, | 3,000,000 | 2,856,722 | ||||||
Series 2021-STOR, Class D, | ||||||||
1-Month LIBOR + 1.35%, | 5,000,000 | 4,736,066 | ||||||
Morgan Stanley Capital I Trust | ||||||||
Series 2017-ASHF, Class D, | ||||||||
1-Month LIBOR + 2.20%, | 8,200,000 | 7,656,405 | ||||||
Series 2019-BPR, Class B, | ||||||||
1-Month LIBOR + 2.35%, | 6,720,000 | 6,454,319 | ||||||
Series 2019-NUGS, Class B, | ||||||||
1-Month LIBOR + 1.30%, | 7,000,000 | 6,763,037 | ||||||
Series 2019-NUGS, Class C, | ||||||||
1-Month LIBOR + 1.50%, | 5,200,000 | 4,977,528 | ||||||
Mortgage Equity Conversion Asset Trust | ||||||||
Series 2010-1A, Class A, | ||||||||
4.00%, 07/25/2060 (A) | 3,118,629 | 2,932,890 | ||||||
MSCG Trust | ||||||||
Series 2018-SELF, Class C, | ||||||||
1-Month LIBOR + 1.18%, | 11,780,000 | 11,365,158 |
Transamerica Funds | Page 7 |
Transamerica Short-Term Bond
SCHEDULE OF INVESTMENTS (continued)
At July 31, 2022
(unaudited)
Principal | Value | |||||||
MORTGAGE-BACKED SECURITIES (continued) | ||||||||
MSCG Trust (continued) | ||||||||
Series 2018-SELF, Class D, | ||||||||
1-Month LIBOR + 1.65%, | $ 9,220,000 | $ 8,872,136 | ||||||
New Residential Mortgage Loan Trust | ||||||||
Series 2014-1A, Class A, | ||||||||
3.75% (B), 01/25/2054 (A) | 1,106,630 | 1,075,922 | ||||||
Series 2014-3A, Class AFX3, | ||||||||
3.75% (B), 11/25/2054 (A) | 1,375,468 | 1,337,813 | ||||||
Series 2016-4A, Class A1, | ||||||||
3.75% (B), 11/25/2056 (A) | 2,222,489 | 2,154,398 | ||||||
Series 2017-3A, Class A1, | ||||||||
4.00% (B), 04/25/2057 (A) | 3,813,576 | 3,766,049 | ||||||
Series 2017-4A, Class A1, | ||||||||
4.00% (B), 05/25/2057 (A) | 2,209,516 | 2,145,790 | ||||||
Series 2017-5A, Class A1, | ||||||||
1-Month LIBOR + 1.50%, | 2,305,908 | 2,291,158 | ||||||
Series 2018-1A, Class A1A, | ||||||||
4.00% (B), 12/25/2057 (A) | 2,541,771 | 2,481,789 | ||||||
Series 2018-2A, Class A1, | ||||||||
4.50% (B), 02/25/2058 (A) | 3,738,416 | 3,710,660 | ||||||
Series 2018-RPL1, Class A1, | ||||||||
3.50% (B), 12/25/2057 (A) | 2,232,955 | 2,183,648 | ||||||
Series 2019-2A, Class A1, | ||||||||
4.25% (B), 12/25/2057 (A) | 4,625,933 | 4,572,374 | ||||||
Series 2019-3A, Class A1A, | ||||||||
3.75% (B), 11/25/2058 (A) | 5,552,579 | 5,399,525 | ||||||
Series 2019-4A, Class A1B, | ||||||||
3.50% (B), 12/25/2058 (A) | 6,020,239 | 5,863,109 | ||||||
Series 2019-5A, Class A1B, | ||||||||
3.50% (B), 08/25/2059 (A) | 5,888,606 | 5,773,173 | ||||||
Series 2019-RPL2, Class A1, | ||||||||
3.25% (B), 02/25/2059 (A) | 10,050,164 | 9,759,789 | ||||||
RBSSP Resecuritization Trust | ||||||||
Series 2013-2, Class 2A1, | ||||||||
1-Month LIBOR + 0.19%, | 787,856 | 785,099 | ||||||
SFO Commercial Mortgage Trust | ||||||||
Series 2021-555, Class D, | ||||||||
1-Month LIBOR + 2.40%, | 9,900,000 | 9,279,230 | ||||||
Tharaldson Hotel Portfolio Trust | ||||||||
Series 2018-THL, Class C, | ||||||||
1-Month LIBOR + 1.65%, | 12,151,204 | 11,402,569 | ||||||
Towd Point Mortgage Trust | ||||||||
Series 2019-4, Class A1, | ||||||||
2.90% (B), 10/25/2059 (A) | 5,496,377 | 5,335,897 | ||||||
Series 2021-1, Class A1, | ||||||||
2.25% (B), 11/25/2061 (A) | 10,604,807 | 9,908,522 | ||||||
|
| |||||||
Total Mortgage-Backed Securities |
| 468,931,628 | ||||||
|
|
Principal | Value | |||||||
U.S. GOVERNMENT AGENCY OBLIGATIONS - 0.7% | ||||||||
Federal Home Loan Mortgage Corp. | ||||||||
12-Month LIBOR + 1.77%, | $ 288,395 | $ 287,385 | ||||||
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates | ||||||||
Series K027, Class A2, | ||||||||
2.64%, 01/25/2023 | 24,614,642 | 24,556,241 | ||||||
|
| |||||||
Total U.S. Government Agency Obligations |
| 24,843,626 | ||||||
|
| |||||||
U.S. GOVERNMENT OBLIGATIONS - 9.8% | ||||||||
U.S. Treasury - 9.8% | ||||||||
U.S. Treasury Note | ||||||||
1.50%, 02/15/2025 | 65,718,000 | 63,510,286 | ||||||
2.50%, 04/30/2024 | 51,000,000 | 50,607,540 | ||||||
2.63%, 04/15/2025 | 194,148,000 | 192,919,408 | ||||||
2.88%, 06/15/2025 | 34,893,000 | 34,920,260 | ||||||
|
| |||||||
Total U.S. Government Obligations |
| 341,957,494 | ||||||
|
| |||||||
Shares | Value | |||||||
OTHER INVESTMENT COMPANY - 0.1% | ||||||||
Securities Lending Collateral - 0.1% | ||||||||
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 2.27% (G) | 2,867,303 | 2,867,303 | ||||||
|
| |||||||
Total Other Investment Company |
| 2,867,303 | ||||||
|
| |||||||
Principal | Value | |||||||
REPURCHASE AGREEMENT - 2.4% | ||||||||
Fixed Income Clearing Corp., 0.65% (G), dated 07/29/2022, to be repurchased at $82,610,765 on 08/01/2022. Collateralized by a U.S. Government Obligation, 3.00%, due 07/15/2025, and with a value of $84,258,503. | $ 82,606,290 | 82,606,290 | ||||||
|
| |||||||
Total Repurchase Agreement |
| 82,606,290 | ||||||
|
| |||||||
Total Investments |
| 3,473,029,249 | ||||||
Net Other Assets (Liabilities) - 0.6% | 22,008,272 | |||||||
|
| |||||||
Net Assets - 100.0% | $ 3,495,037,521 | |||||||
|
|
Transamerica Funds | Page 8 |
Transamerica Short-Term Bond
SCHEDULE OF INVESTMENTS (continued)
At July 31, 2022
(unaudited)
FUTURES CONTRACTS:
Long Futures Contracts
Description | Number of Contracts | Expiration Date | Notional Amount | Value | Unrealized Appreciation | Unrealized Depreciation | ||||||||||||||||||||||||
2-Year U.S. Treasury Note | 1,044 | 09/30/2022 | $ | 220,407,176 | $ | 219,721,219 | $ | — | $ | (685,957 | ) |
Short Futures Contracts
Description | Number of Contracts | Expiration Date | Notional Amount | Value | Unrealized Appreciation | Unrealized Depreciation | ||||||||||||||||||||||||
5-Year U.S. Treasury Note | (338 | ) | 09/30/2022 | $ | (38,325,587 | ) | $ | (38,439,578 | ) | $ | — | $ | (113,991 | ) | ||||||||||||||||
|
|
|
| |||||||||||||||||||||||||||
Total Futures Contracts | $ | — | $ | (799,948 | ) | |||||||||||||||||||||||||
|
|
|
|
INVESTMENT VALUATION:
Valuation Inputs (H)
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Significant Observable Inputs | Level 3 - Significant Unobservable Inputs | Value | |||||||||||||
ASSETS | ||||||||||||||||
Investments |
| |||||||||||||||
Asset-Backed Securities | $ | — | $ | 340,694,827 | $ | — | $ | 340,694,827 | ||||||||
Corporate Debt Securities | — | 2,199,855,277 | — | 2,199,855,277 | ||||||||||||
Foreign Government Obligation | — | 2,180,398 | — | 2,180,398 | ||||||||||||
Loan Assignment | — | 9,092,406 | — | 9,092,406 | ||||||||||||
Mortgage-Backed Securities | — | 468,931,628 | — | 468,931,628 | ||||||||||||
U.S. Government Agency Obligations | — | 24,843,626 | — | 24,843,626 | ||||||||||||
U.S. Government Obligations | — | 341,957,494 | — | 341,957,494 | ||||||||||||
Other Investment Company | 2,867,303 | — | — | 2,867,303 | ||||||||||||
Repurchase Agreement | — | 82,606,290 | — | 82,606,290 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | $ | 2,867,303 | $ | 3,470,161,946 | $ | — | $ | 3,473,029,249 | ||||||||
|
|
|
|
|
|
|
| |||||||||
LIABILITIES |
| |||||||||||||||
Other Financial Instruments |
| |||||||||||||||
Futures Contracts (I) | $ | (799,948 | ) | $ | — | $ | — | $ | (799,948 | ) | ||||||
|
|
|
|
|
|
|
| |||||||||
Total Other Financial Instruments | $ | (799,948 | ) | $ | — | $ | — | $ | (799,948 | ) | ||||||
|
|
|
|
|
|
|
|
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 $1,513,544,157, representing 43.3% of the Fund’s net assets. | |
(B) | 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. | |
(C) | When-issued, delayed-delivery and/or forward commitment (including TBAs) security. Security to be settled and delivered after July 31, 2022. Security may display a coupon rate of 0.00%, as the rate is to be determined at time of settlement. | |
(D) | All or a portion of the securities are on loan. The total value of all securities on loan is $3,413,125, collateralized by cash collateral of $2,867,303 and non-cash collateral, such as U.S. government securities and irrevocable letters of credit, of $618,188. 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. | |
(E) | Restricted security. At July 31, 2022, the value of such security held by the Fund is as follows: |
Investments | Description | Acquisition Date | Acquisition Cost | Value | Value as Percentage of Net Assets | |||||||||||||
Corporate Debt Securities | Delta Air Lines, Inc. 3.80%, 04/19/2023 | 07/15/2019 | $ | 10,239,181 | $ | 9,931,975 | 0.3 | % |
(F) | Step bond. Coupon rate changes in increments to maturity. The rate disclosed is as of July 31, 2022; the maturity date disclosed is the ultimate maturity date. | |
(G) | Rates disclosed reflect the yields 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. | |
(I) | Derivative instruments are valued at unrealized appreciation (depreciation). |
Transamerica Funds | Page 9 |
Transamerica Short-Term Bond
SCHEDULE OF INVESTMENTS (continued)
At July 31, 2022
(unaudited)
PORTFOLIO ABBREVIATIONS:
LIBOR | London Interbank Offered Rate | |
SOFR | Secured Overnight Financing Rate |
Transamerica Funds | Page 10 |
Transamerica Short-Term Bond
NOTES TO SCHEDULE OF INVESTMENTS
At July 31, 2022
(unaudited)
INVESTMENT VALUATION
Transamerica Short-Term Bond (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:
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.
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.
Loan assignments: Loan assignments are normally valued using an income approach, which projects future cash flows and converts those future cash flows to a present value using a discount rate. The resulting present value reflects the likely fair value of the loan. To the extent the inputs are observable and timely, the values would generally be categorized in Level 2 of the fair value hierarchy; otherwise are categorized in Level 3.
Transamerica Funds | Page 11 |
Transamerica Short-Term Bond
NOTES TO SCHEDULE OF INVESTMENTS (continued)
At July 31, 2022
(unaudited)
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.
Securities lending collateral: Securities lending collateral is invested in a money market fund which is valued at the actively traded NAV and no valuation adjustments are applied. Securities lending collateral is categorized in Level 1 of the fair value hierarchy.
Repurchase agreements: Repurchase agreements are valued at cost, which approximates fair value. To the extent the inputs are observable and timely, the values are generally categorized in Level 2 of the fair value hierarchy.
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.
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 12 |