Transamerica Large Core
SCHEDULE OF INVESTMENTS
At January 31, 2023
(unaudited)
Shares | Value | |||||||
COMMON STOCKS - 98.0% | ||||||||
Aerospace & Defense - 1.5% | ||||||||
Boeing Co. (A) | 2,574 | $ 548,262 | ||||||
General Dynamics Corp. | 268 | 62,460 | ||||||
Lockheed Martin Corp. | 2,444 | 1,132,207 | ||||||
Textron, Inc. | 4,315 | 314,348 | ||||||
TransDigm Group, Inc. | 736 | 528,264 | ||||||
|
| |||||||
2,585,541 | ||||||||
|
| |||||||
Air Freight & Logistics - 0.9% | ||||||||
Expeditors International of Washington, Inc. | 2,484 | 268,645 | ||||||
United Parcel Service, Inc., Class B | 7,062 | 1,308,094 | ||||||
|
| |||||||
1,576,739 | ||||||||
|
| |||||||
Airlines - 0.3% | ||||||||
Delta Air Lines, Inc. (A) | 3,961 | 154,875 | ||||||
Southwest Airlines Co. | 4,447 | 159,069 | ||||||
United Airlines Holdings, Inc. (A) | 2,371 | 116,084 | ||||||
|
| |||||||
430,028 | ||||||||
|
| |||||||
Auto Components - 0.4% | ||||||||
BorgWarner, Inc. | 12,590 | 595,255 | ||||||
|
| |||||||
Automobiles - 1.5% | ||||||||
Ford Motor Co. | 12,964 | 175,144 | ||||||
General Motors Co. | 2,867 | 112,730 | ||||||
Tesla, Inc. (A) | 13,243 | 2,293,953 | ||||||
|
| |||||||
2,581,827 | ||||||||
|
| |||||||
Banks - 4.2% | ||||||||
Bank of America Corp. | 12,185 | 432,324 | ||||||
Comerica, Inc. | 7,275 | 533,330 | ||||||
JPMorgan Chase & Co. | 17,527 | 2,453,079 | ||||||
M&T Bank Corp. | 1,016 | 158,496 | ||||||
PNC Financial Services Group, Inc. | 2,645 | 437,562 | ||||||
Regions Financial Corp. | 31,560 | 742,923 | ||||||
Signature Bank | 658 | 84,849 | ||||||
Truist Financial Corp. | 14,301 | 706,326 | ||||||
US Bancorp | 27,891 | 1,388,972 | ||||||
Wells Fargo & Co. | 3,924 | 183,918 | ||||||
|
| |||||||
7,121,779 | ||||||||
|
| |||||||
Beverages - 1.8% | ||||||||
Brown-Forman Corp., Class B | 6,517 | 433,902 | ||||||
Coca-Cola Co. | 25,792 | 1,581,566 | ||||||
PepsiCo, Inc. | 6,272 | 1,072,637 | ||||||
|
| |||||||
3,088,105 | ||||||||
|
| |||||||
Biotechnology - 2.5% | ||||||||
AbbVie, Inc. | 7,769 | 1,147,870 | ||||||
Amgen, Inc. | 4,372 | 1,103,493 | ||||||
Biogen, Inc. (A) | 437 | 127,123 | ||||||
Incyte Corp. (A) | 2,240 | 190,714 | ||||||
Moderna, Inc. (A) | 2,002 | 352,472 | ||||||
Regeneron Pharmaceuticals, Inc. (A) | 775 | 587,814 | ||||||
Vertex Pharmaceuticals, Inc. (A) | 2,409 | 778,348 | ||||||
|
| |||||||
4,287,834 | ||||||||
|
| |||||||
Building Products - 0.1% | ||||||||
Carrier Global Corp. | 4,486 | 204,248 | ||||||
|
|
Shares | Value | |||||||
COMMON STOCKS (continued) | ||||||||
Capital Markets - 2.0% | ||||||||
Ameriprise Financial, Inc. | 3,688 | $ 1,291,243 | ||||||
BlackRock, Inc. | 162 | 122,992 | ||||||
Charles Schwab Corp. | 16,136 | 1,249,249 | ||||||
FactSet Research Systems, Inc. | 434 | 183,556 | ||||||
Morgan Stanley | 2,029 | 197,483 | ||||||
Raymond James Financial, Inc. | 2,881 | 324,890 | ||||||
|
| |||||||
3,369,413 | ||||||||
|
| |||||||
Chemicals - 1.3% | ||||||||
Albemarle Corp. | 761 | 214,184 | ||||||
CF Industries Holdings, Inc. | 3,633 | 307,715 | ||||||
Dow, Inc. | 10,601 | 629,169 | ||||||
Linde PLC | 944 | 312,407 | ||||||
LyondellBasell Industries NV, Class A | 3,975 | 384,343 | ||||||
Mosaic Co. | 8,061 | 399,342 | ||||||
|
| |||||||
2,247,160 | ||||||||
|
| |||||||
Commercial Services & Supplies - 1.0% | ||||||||
Cintas Corp. | 1,086 | 481,902 | ||||||
Copart, Inc. (A) | 3,747 | 249,588 | ||||||
Republic Services, Inc. | 505 | 63,034 | ||||||
Waste Management, Inc. | 5,624 | 870,201 | ||||||
|
| |||||||
1,664,725 | ||||||||
|
| |||||||
Communications Equipment - 1.0% | ||||||||
Arista Networks, Inc. (A) | 1,550 | 195,331 | ||||||
Cisco Systems, Inc. | 30,620 | 1,490,275 | ||||||
F5, Inc. (A) | 42 | 6,202 | ||||||
|
| |||||||
1,691,808 | ||||||||
|
| |||||||
Consumer Finance - 1.2% | ||||||||
American Express Co. | 5,918 | 1,035,236 | ||||||
Capital One Financial Corp. | 2,148 | 255,612 | ||||||
Discover Financial Services | 4,812 | 561,705 | ||||||
Synchrony Financial | 2,872 | 105,488 | ||||||
|
| |||||||
1,958,041 | ||||||||
|
| |||||||
Containers & Packaging - 0.6% | ||||||||
Amcor PLC | 6,662 | 80,344 | ||||||
Avery Dennison Corp. | 661 | 125,220 | ||||||
Ball Corp. | 5,893 | 343,208 | ||||||
International Paper Co. | 4,138 | 173,051 | ||||||
Packaging Corp. of America | 1,742 | 248,583 | ||||||
Westrock Co. | 2,565 | 100,651 | ||||||
|
| |||||||
1,071,057 | ||||||||
|
| |||||||
Distributors - 0.4% | ||||||||
LKQ Corp. | 10,802 | 636,886 | ||||||
|
| |||||||
Diversified Financial Services - 1.8% | ||||||||
Berkshire Hathaway, Inc., Class B (A) | 9,386 | 2,923,927 | ||||||
Intercontinental Exchange, Inc. | 887 | 95,397 | ||||||
|
| |||||||
3,019,324 | ||||||||
|
| |||||||
Diversified Telecommunication Services - 0.6% | ||||||||
AT&T, Inc. | 9,788 | 199,382 | ||||||
Lumen Technologies, Inc. | 10,894 | 57,193 | ||||||
Verizon Communications, Inc. | 19,671 | 817,723 | ||||||
|
| |||||||
1,074,298 | ||||||||
|
| |||||||
Electric Utilities - 1.3% | ||||||||
Constellation Energy Corp. | 2,321 | 198,121 | ||||||
Edison International | 7,485 | 515,716 | ||||||
Entergy Corp. | 2,182 | 236,267 |
Transamerica Funds | Page 1 |
Transamerica Large Core
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2023
(unaudited)
Shares | Value | |||||||
COMMON STOCKS (continued) | ||||||||
Electric Utilities (continued) | ||||||||
Exelon Corp. | 11,242 | $ 474,300 | ||||||
NextEra Energy, Inc. | 6,857 | 511,738 | ||||||
PG&E Corp. (A) | 13,193 | 209,769 | ||||||
|
| |||||||
2,145,911 | ||||||||
|
| |||||||
Electronic Equipment, Instruments & Components - 1.0% | ||||||||
Amphenol Corp., Class A | 12,198 | 973,034 | ||||||
Keysight Technologies, Inc. (A) | 1,535 | 275,302 | ||||||
TE Connectivity Ltd. | 1,331 | 169,237 | ||||||
Teledyne Technologies, Inc. (A) | 453 | 192,190 | ||||||
|
| |||||||
1,609,763 | ||||||||
|
| |||||||
Energy Equipment & Services - 0.2% | ||||||||
Baker Hughes Co. | 1,949 | 61,861 | ||||||
Halliburton Co. | 4,345 | 179,101 | ||||||
Schlumberger Ltd. | 2,226 | 126,838 | ||||||
|
| |||||||
367,800 | ||||||||
|
| |||||||
Entertainment - 1.5% | ||||||||
Electronic Arts, Inc. | 6,388 | 822,008 | ||||||
Live Nation Entertainment, Inc. (A) | 3,141 | 252,819 | ||||||
Netflix, Inc. (A) | 2,070 | 732,490 | ||||||
Walt Disney Co. (A) | 7,083 | 768,435 | ||||||
|
| |||||||
2,575,752 | ||||||||
|
| |||||||
Equity Real Estate Investment Trusts - 3.0% | ||||||||
AvalonBay Communities, Inc. | 1,976 | 350,622 | ||||||
Boston Properties, Inc. | 4,263 | 317,764 | ||||||
Equinix, Inc. | 189 | 139,507 | ||||||
Equity Residential | 10,434 | 664,124 | ||||||
Essex Property Trust, Inc. | 404 | 91,332 | ||||||
Healthpeak Properties, Inc. | 9,700 | 266,556 | ||||||
Host Hotels & Resorts, Inc. | 33,748 | 636,150 | ||||||
Prologis, Inc. | 2,536 | 327,854 | ||||||
Public Storage | 4,101 | 1,248,098 | ||||||
Regency Centers Corp. | 5,267 | 350,940 | ||||||
Simon Property Group, Inc. | 4,803 | 616,993 | ||||||
|
| |||||||
5,009,940 | ||||||||
|
| |||||||
Food & Staples Retailing - 1.3% | ||||||||
Costco Wholesale Corp. | 1,783 | 911,362 | ||||||
Kroger Co. | 12,368 | 551,984 | ||||||
Sysco Corp. | 4,007 | 310,382 | ||||||
Walmart, Inc. | 2,410 | 346,727 | ||||||
|
| |||||||
2,120,455 | ||||||||
|
| |||||||
Food Products - 0.9% | ||||||||
Archer-Daniels-Midland Co. | 3,661 | 303,314 | ||||||
General Mills, Inc. | 5,487 | 429,961 | ||||||
Hershey Co. | 1,905 | 427,863 | ||||||
Tyson Foods, Inc., Class A | 4,286 | 281,805 | ||||||
|
| |||||||
1,442,943 | ||||||||
|
| |||||||
Health Care Equipment & Supplies - 2.0% | ||||||||
Abbott Laboratories | 5,405 | 597,523 | ||||||
Becton Dickinson & Co. | 641 | 161,673 | ||||||
DENTSPLY SIRONA, Inc. | 7,097 | 261,383 | ||||||
Dexcom, Inc. (A) | 2,208 | 236,455 | ||||||
Edwards Lifesciences Corp. (A) | 4,017 | 308,104 | ||||||
GE HealthCare Technologies, Inc. (A) | 2,440 | 169,629 | ||||||
Hologic, Inc. (A) | 5,111 | 415,882 | ||||||
Intuitive Surgical, Inc. (A) | 258 | 63,388 |
Shares | Value | |||||||
COMMON STOCKS (continued) | ||||||||
Health Care Equipment & Supplies (continued) | ||||||||
Medtronic PLC | 12,734 | $ 1,065,708 | ||||||
ResMed, Inc. | 631 | 144,101 | ||||||
|
| |||||||
3,423,846 | ||||||||
|
| |||||||
Health Care Providers & Services - 4.2% | ||||||||
AmerisourceBergen Corp. | 1,270 | 214,579 | ||||||
Cardinal Health, Inc. | 2,029 | 156,740 | ||||||
Centene Corp. (A) | 3,623 | 276,218 | ||||||
Cigna Corp. | 1,112 | 352,137 | ||||||
CVS Health Corp. | 11,037 | 973,684 | ||||||
DaVita, Inc. (A) | 1,154 | 95,078 | ||||||
Elevance Health, Inc. | 1,993 | 996,480 | ||||||
HCA Healthcare, Inc. | 827 | 210,943 | ||||||
Humana, Inc. | 532 | 272,224 | ||||||
McKesson Corp. | 612 | 231,752 | ||||||
Molina Healthcare, Inc. (A) | 1,132 | 352,992 | ||||||
UnitedHealth Group, Inc. | 5,951 | 2,970,680 | ||||||
|
| |||||||
7,103,507 | ||||||||
|
| |||||||
Hotels, Restaurants & Leisure - 2.6% | ||||||||
Booking Holdings, Inc. (A) | 422 | 1,027,190 | ||||||
Caesars Entertainment, Inc. (A) | 1,218 | 63,409 | ||||||
Chipotle Mexican Grill, Inc. (A) | 186 | 306,227 | ||||||
Darden Restaurants, Inc. | 1,361 | 201,387 | ||||||
Expedia Group, Inc. (A) | 2,354 | 269,062 | ||||||
Hilton Worldwide Holdings, Inc. | 3,408 | 494,467 | ||||||
Marriott International, Inc., Class A | 5,408 | 941,966 | ||||||
McDonald’s Corp. | 1,768 | 472,763 | ||||||
Starbucks Corp. | 5,364 | 585,427 | ||||||
|
| |||||||
4,361,898 | ||||||||
|
| |||||||
Household Products - 1.6% | ||||||||
Clorox Co. | 666 | 96,364 | ||||||
Colgate-Palmolive Co. | 4,991 | 371,979 | ||||||
Kimberly-Clark Corp. | 2,553 | 331,916 | ||||||
Procter & Gamble Co. | 13,209 | 1,880,697 | ||||||
|
| |||||||
2,680,956 | ||||||||
|
| |||||||
Independent Power & Renewable Electricity Producers - 0.2% | ||||||||
AES Corp. | 10,353 | 283,776 | ||||||
|
| |||||||
Industrial Conglomerates - 1.0% | ||||||||
3M Co. | 10,118 | 1,164,379 | ||||||
General Electric Co. | 7,321 | 589,194 | ||||||
|
| |||||||
1,753,573 | ||||||||
|
| |||||||
Insurance - 2.4% | ||||||||
Aflac, Inc. | 3 | 220 | ||||||
American International Group, Inc. | 7,999 | 505,697 | ||||||
Aon PLC, Class A | 594 | 189,296 | ||||||
Arch Capital Group Ltd. (A) | 5,828 | 375,032 | ||||||
Everest Re Group Ltd. | 1,271 | 444,456 | ||||||
Marsh & McLennan Cos., Inc. | 6,316 | 1,104,732 | ||||||
MetLife, Inc. | 7,777 | 567,876 | ||||||
Progressive Corp. | 6,462 | 881,094 | ||||||
|
| |||||||
4,068,403 | ||||||||
|
| |||||||
Interactive Media & Services - 4.4% | ||||||||
Alphabet, Inc., Class A (A) | 28,390 | 2,806,067 | ||||||
Alphabet, Inc., Class C (A) | 27,710 | 2,767,398 | ||||||
Match Group, Inc. (A) | 3,066 | 165,932 | ||||||
Meta Platforms, Inc., Class A (A) | 11,592 | 1,726,860 | ||||||
|
| |||||||
7,466,257 | ||||||||
|
|
Transamerica Funds | Page 2 |
Transamerica Large Core
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2023
(unaudited)
Shares | Value | |||||||
COMMON STOCKS (continued) | ||||||||
Internet & Direct Marketing Retail - 2.5% | ||||||||
Amazon.com, Inc. (A) | 38,579 | $ 3,978,652 | ||||||
eBay, Inc. | 4,129 | 204,385 | ||||||
Etsy, Inc. (A) | 670 | 92,179 | ||||||
|
| |||||||
4,275,216 | ||||||||
|
| |||||||
IT Services - 4.5% | ||||||||
Accenture PLC, Class A | 2,639 | 736,413 | ||||||
Automatic Data Processing, Inc. | 2,056 | 464,265 | ||||||
Cognizant Technology Solutions Corp., Class A | 1,417 | 94,585 | ||||||
EPAM Systems, Inc. (A) | 791 | 263,126 | ||||||
Fiserv, Inc. (A) | 1,404 | 149,779 | ||||||
FleetCor Technologies, Inc. (A) | 823 | 171,851 | ||||||
Gartner, Inc. (A) | 1,218 | 411,855 | ||||||
International Business Machines Corp. | 487 | 65,613 | ||||||
Mastercard, Inc., Class A | 5,751 | 2,131,321 | ||||||
Paychex, Inc. | 4,377 | 507,119 | ||||||
PayPal Holdings, Inc. (A) | 7,074 | 576,460 | ||||||
VeriSign, Inc. (A) | 479 | 104,446 | ||||||
Visa, Inc., Class A (B) | 8,135 | 1,872,758 | ||||||
|
| |||||||
7,549,591 | ||||||||
|
| |||||||
Life Sciences Tools & Services - 1.8% | ||||||||
Agilent Technologies, Inc. | 2,616 | 397,841 | ||||||
Danaher Corp. | 961 | 254,069 | ||||||
IQVIA Holdings, Inc. (A) | 801 | 183,758 | ||||||
Mettler-Toledo International, Inc. (A) | 354 | 542,654 | ||||||
Thermo Fisher Scientific, Inc. | 2,340 | 1,334,572 | ||||||
Waters Corp. (A) | 402 | 132,089 | ||||||
West Pharmaceutical Services, Inc. | 758 | 201,325 | ||||||
|
| |||||||
3,046,308 | ||||||||
|
| |||||||
Machinery - 0.9% | ||||||||
Cummins, Inc. | 499 | 124,520 | ||||||
Nordson Corp. | 2,506 | 609,710 | ||||||
PACCAR, Inc. | 2,617 | 286,064 | ||||||
Snap-on, Inc. | 1,378 | 342,750 | ||||||
Westinghouse Air Brake Technologies Corp. | 1,526 | 158,414 | ||||||
|
| |||||||
1,521,458 | ||||||||
|
| |||||||
Media - 1.1% | ||||||||
Charter Communications, Inc., Class A (A) | 1,665 | 639,876 | ||||||
Comcast Corp., Class A | 17,929 | 705,506 | ||||||
Fox Corp., Class A | 13,036 | 442,442 | ||||||
|
| |||||||
1,787,824 | ||||||||
|
| |||||||
Metals & Mining - 0.4% | ||||||||
Freeport-McMoRan, Inc. | 6,758 | 301,542 | ||||||
Nucor Corp. | 2,375 | 401,422 | ||||||
|
| |||||||
702,964 | ||||||||
|
| |||||||
Multi-Utilities - 1.0% | ||||||||
Consolidated Edison, Inc. | 5,006 | 477,122 | ||||||
DTE Energy Co. | 8,106 | 943,295 | ||||||
Sempra Energy | 1,634 | 261,979 | ||||||
|
| |||||||
1,682,396 | ||||||||
|
| |||||||
Multiline Retail - 0.3% | ||||||||
Target Corp. | 2,554 | 439,646 | ||||||
|
| |||||||
Oil, Gas & Consumable Fuels - 5.0% | ||||||||
Chevron Corp. | 8,409 | 1,463,334 | ||||||
ConocoPhillips | 4,982 | 607,156 |
Shares | Value | |||||||
COMMON STOCKS (continued) | ||||||||
Oil, Gas & Consumable Fuels (continued) | ||||||||
Coterra Energy, Inc. | 2,765 | $ 69,208 | ||||||
Devon Energy Corp. | 2,060 | 130,274 | ||||||
Diamondback Energy, Inc. | 653 | 95,416 | ||||||
EOG Resources, Inc. | 2,065 | 273,096 | ||||||
EQT Corp. | 1,918 | 62,661 | ||||||
Exxon Mobil Corp. | 22,769 | 2,641,432 | ||||||
Marathon Oil Corp. | 5,333 | 146,498 | ||||||
Marathon Petroleum Corp. | 5,082 | 653,139 | ||||||
Occidental Petroleum Corp. | 3,297 | 213,613 | ||||||
ONEOK, Inc. | 10,836 | 742,049 | ||||||
Phillips 66 | 2,716 | 272,333 | ||||||
Pioneer Natural Resources Co. | 2,333 | 537,407 | ||||||
Valero Energy Corp. | 2,728 | 382,002 | ||||||
Williams Cos., Inc. | 4,071 | 131,249 | ||||||
|
| |||||||
8,420,867 | ||||||||
|
| |||||||
Personal Products - 0.1% | ||||||||
Estee Lauder Cos., Inc., Class A | 755 | 209,195 | ||||||
|
| |||||||
Pharmaceuticals - 3.4% | ||||||||
Bristol-Myers Squibb Co. | 15,626 | 1,135,229 | ||||||
Eli Lilly & Co. | 1,864 | 641,495 | ||||||
Johnson & Johnson | 10,200 | 1,666,884 | ||||||
Merck & Co., Inc. | 5,836 | 626,845 | ||||||
Pfizer, Inc. | 32,630 | 1,440,941 | ||||||
Viatris, Inc. | 12,063 | 146,686 | ||||||
|
| |||||||
5,658,080 | ||||||||
|
| |||||||
Professional Services - 0.2% | ||||||||
Robert Half International, Inc. | 3,568 | 299,569 | ||||||
|
| |||||||
Road & Rail - 0.9% | ||||||||
Old Dominion Freight Line, Inc. | 1,105 | 368,230 | ||||||
Union Pacific Corp. | 5,917 | 1,208,192 | ||||||
|
| |||||||
1,576,422 | ||||||||
|
| |||||||
Semiconductors & Semiconductor Equipment - 5.5% | ||||||||
Advanced Micro Devices, Inc. (A) | 4,700 | 353,205 | ||||||
Analog Devices, Inc. | 3,886 | 666,333 | ||||||
Applied Materials, Inc. | 4,739 | 528,351 | ||||||
Broadcom, Inc. | 3,486 | 2,039,345 | ||||||
Enphase Energy, Inc. (A) | 771 | 170,684 | ||||||
Lam Research Corp. | 402 | 201,040 | ||||||
Microchip Technology, Inc. | 6,047 | 469,368 | ||||||
Micron Technology, Inc. | 3,396 | 204,779 | ||||||
NVIDIA Corp. | 10,490 | 2,049,431 | ||||||
NXP Semiconductors NV | 1,194 | 220,066 | ||||||
ON Semiconductor Corp. (A) | 2,411 | 177,088 | ||||||
QUALCOMM, Inc. | 4,862 | 647,667 | ||||||
Teradyne, Inc. | 4,443 | 451,853 | ||||||
Texas Instruments, Inc. | 5,759 | 1,020,552 | ||||||
|
| |||||||
9,199,762 | ||||||||
|
| |||||||
Software - 7.6% | ||||||||
Adobe, Inc. (A) | 2,748 | 1,017,694 | ||||||
ANSYS, Inc. (A) | 355 | 94,558 | ||||||
Autodesk, Inc. (A) | 1,110 | 238,828 | ||||||
Cadence Design Systems, Inc. (A) | 3,235 | 591,455 | ||||||
Fortinet, Inc. (A) | 7,085 | 370,829 | ||||||
Microsoft Corp. | 34,816 | 8,627,753 | ||||||
Salesforce, Inc. (A) | 3,590 | 603,012 | ||||||
ServiceNow, Inc. (A) | 916 | 416,899 | ||||||
Synopsys, Inc. (A) | 2,169 | 767,284 | ||||||
|
| |||||||
12,728,312 | ||||||||
|
|
Transamerica Funds | Page 3 |
Transamerica Large Core
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2023
(unaudited)
Shares | Value | |||||||
COMMON STOCKS (continued) | ||||||||
Specialty Retail - 2.6% | ||||||||
AutoZone, Inc. (A) | 204 | $ 497,525 | ||||||
Bath & Body Works, Inc. | 1,543 | 70,993 | ||||||
Home Depot, Inc. | 5,039 | 1,633,493 | ||||||
Lowe’s Cos., Inc. | 4,026 | 838,414 | ||||||
O’Reilly Automotive, Inc. (A) | 845 | 669,536 | ||||||
TJX Cos., Inc. | 879 | 71,955 | ||||||
Ulta Beauty, Inc. (A) | 987 | 507,279 | ||||||
|
| |||||||
4,289,195 | ||||||||
|
| |||||||
Technology Hardware, Storage & Peripherals - 6.8% | ||||||||
Apple, Inc. | 76,537 | 11,043,524 | ||||||
Hewlett Packard Enterprise Co. | 4,264 | 68,778 | ||||||
NetApp, Inc. | 3,302 | 218,692 | ||||||
Western Digital Corp. (A) | 2,619 | 115,105 | ||||||
|
| |||||||
11,446,099 | ||||||||
|
| |||||||
Textiles, Apparel & Luxury Goods - 0.6% | ||||||||
NIKE, Inc., Class B | 817 | 104,029 | ||||||
Ralph Lauren Corp. | 2,103 | 260,456 | ||||||
Tapestry, Inc. | 14,638 | 667,054 | ||||||
|
| |||||||
1,031,539 | ||||||||
|
| |||||||
Tobacco - 0.8% | ||||||||
Altria Group, Inc. | 15,034 | 677,132 | ||||||
Philip Morris International, Inc. | 6,214 | 647,747 | ||||||
|
| |||||||
1,324,879 | ||||||||
|
|
Shares | Value | |||||||
COMMON STOCKS (continued) | ||||||||
Trading Companies & Distributors - 1.0% | ||||||||
Fastenal Co. | 11,294 | $ 570,911 | ||||||
United Rentals, Inc. (A) | 1,405 | 619,535 | ||||||
WW Grainger, Inc. | 948 | 558,827 | ||||||
|
| |||||||
1,749,273 | ||||||||
|
| |||||||
Wireless Telecommunication Services - 0.3% | ||||||||
T-Mobile US, Inc. (A) | 3,758 | 561,107 | ||||||
|
| |||||||
Total Common Stocks |
| 165,118,550 | ||||||
|
| |||||||
EXCHANGE-TRADED FUND - 1.7% | ||||||||
U.S. Equity Fund - 1.7% | ||||||||
SPDR S&P 500 ETF Trust | 6,872 | 2,793,331 | ||||||
|
| |||||||
Total Exchange-Traded Fund |
| 2,793,331 | ||||||
|
| |||||||
Total Investments |
| 167,911,881 | ||||||
Net Other Assets (Liabilities) - 0.3% | 537,989 | |||||||
|
| |||||||
Net Assets - 100.0% | $ 168,449,870 | |||||||
|
|
INVESTMENT VALUATION:
Valuation Inputs (C)
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Significant Observable Inputs | Level 3 - Significant Unobservable Inputs | Value | |||||||||||||
ASSETS | ||||||||||||||||
Investments |
| |||||||||||||||
Common Stocks | $ | 165,118,550 | $ | — | $ | — | $ | 165,118,550 | ||||||||
Exchange-Traded Fund | 2,793,331 | — | — | 2,793,331 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | $ | 167,911,881 | $ | — | $ | — | $ | 167,911,881 | ||||||||
|
|
|
|
|
|
|
|
FOOTNOTES TO SCHEDULE OF INVESTMENTS:
(A) | Non-income producing securities. | |
(B) | All or a portion of the security is on loan. The value of the security on loan is $1,853,881, collateralized by non-cash collateral, such as U.S. government securities and irrevocable letters of credit, of $1,892,455. The amount on loan indicated may not correspond with the security on loan identified because a security with pending sales are in the process of recall from the brokers. | |
(C) | There were no transfers in or out of Level 3 during the period ended January 31, 2023. 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 Core
NOTES TO SCHEDULE OF INVESTMENTS
At January 31, 2023
(unaudited)
INVESTMENT VALUATION
Transamerica Large Core (the “Fund”) is a series of the Transamerica Funds.
Effective September 8, 2022, TAM has been designated as the Fund’s valuation designee pursuant to Rule 2a-5 under the 1940 Act with responsibility for fair valuation subject to oversight by the Fund’s Board of Trustees. The net asset value of the Fund is computed as of the official close of the New York Stock Exchange (“NYSE”) each day the NYSE is open for business.
TAM 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 TAM’s own assumptions used in determining the fair value of the Fund’s 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 January 31, 2023, 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.
SUBSEQUENT EVENT
Effective March 1, 2023, the Fund was renamed Transamerica Large Core ESG. Also effective March 1, 2023, the Fund began to offer Class A shares and Class R shares to investors. The Fund’s principal investment strategies, principal risks, portfolio managers, investment manager and investment management and sub-advisory fee schedules remain the same.
Transamerica Funds | Page 5 |