Transamerica Bond
SCHEDULE OF INVESTMENTS
At January 31, 2023
(unaudited)
| Principal | Value | |||||||
| ASSET-BACKED SECURITIES - 12.6% | ||||||||
321 Henderson Receivables VI LLC | ||||||||
Series 2010-1A, Class A, | ||||||||
5.56%, 07/15/2059 (A) | $ 432,234 | $ 421,749 | ||||||
Accelerated LLC | ||||||||
Series 2021-1H, Class B, | ||||||||
1.90%, 10/20/2040 (A) | 3,273,970 | 2,900,927 | ||||||
Series 2021-1H, Class D, | ||||||||
3.58%, 10/20/2040 (A) | 1,960,814 | 1,729,869 | ||||||
Anchorage Capital CLO 16 Ltd. | ||||||||
Series 2020-16A, Class CR, | ||||||||
3-Month LIBOR + 2.40%, | 2,700,000 | 2,576,121 | ||||||
Anchorage Capital CLO 25 Ltd. | ||||||||
Series 2022-25A, Class C, | ||||||||
3-Month Term SOFR + | 4,400,000 | 4,138,812 | ||||||
Anchorage Capital CLO 9 Ltd. | ||||||||
Series 2016-9A, Class AR2, | ||||||||
3-Month LIBOR + 1.14%, | 3,600,000 | 3,558,690 | ||||||
Aqua Finance Trust | ||||||||
Series 2021-A, Class A, | ||||||||
1.54%, 07/17/2046 (A) | 2,447,732 | 2,196,692 | ||||||
Battalion CLO XVI Ltd. | ||||||||
Series 2019-16A, Class CR, | ||||||||
3-Month LIBOR + 2.25%, | 3,100,000 | 2,953,029 | ||||||
Battalion CLO XXI Ltd. | ||||||||
Series 2021-21A, Class A, | ||||||||
3-Month LIBOR + 1.18%, | 2,880,000 | 2,830,856 | ||||||
Bavarian Sky UK 5 PLC | ||||||||
Series 2014-1A, Class A1A2, | ||||||||
3-Month LIBOR + 1.20%, | 4,500,000 | 4,371,633 | ||||||
BRE Grand Islander Timeshare Issuer LLC | ||||||||
Series 2017-1A, Class A, | ||||||||
2.94%, 05/25/2029 (A) | 96,499 | 93,463 | ||||||
BXG Receivables Note Trust | ||||||||
Series 2015-A, Class A, | ||||||||
2.88%, 05/02/2030 (A) | 288,356 | 277,162 | ||||||
Series 2020-A, Class A, | ||||||||
1.55%, 02/28/2036 (A) | 1,004,668 | 909,573 | ||||||
CARS-DB4 LP | ||||||||
Series 2020-1A, Class A1, | ||||||||
2.69%, 02/15/2050 (A) | 1,098,082 | 1,037,303 | ||||||
Series 2020-1A, Class A4, | ||||||||
3.19%, 02/15/2050 (A) | 5,961,169 | 5,628,845 | ||||||
CARS-DB5 LP | ||||||||
Series 2021-1A, Class A3, | ||||||||
1.92%, 08/15/2051 (A) | 4,113,133 | 3,565,128 | ||||||
Countrywide Asset-Backed Certificates | ||||||||
Series 2002-S3, Class A5, | ||||||||
4.93% (B), 05/25/2032 | 6,731 | 5,220 | ||||||
DataBank Issuer | ||||||||
Series 2021-1A, Class A2, | ||||||||
2.06%, 02/27/2051 (A) | 4,727,000 | 4,244,645 | ||||||
| Principal | Value | |||||||
| ASSET-BACKED SECURITIES (continued) | ||||||||
Diamond Infrastructure Funding LLC | ||||||||
Series 2021-1A, Class A, | ||||||||
1.76%, 04/15/2049 (A) | $ 3,375,000 | $ 2,891,146 | ||||||
Diamond Resorts Owner Trust | ||||||||
Series 2019-1A, Class A, | ||||||||
2.89%, 02/20/2032 (A) | 522,359 | 511,941 | ||||||
ExteNet LLC | ||||||||
Series 2019-1A, Class A2, | ||||||||
3.20%, 07/26/2049 (A) | 2,765,000 | 2,607,968 | ||||||
GoodLeap Sustainable Home Solutions Trust | ||||||||
Series 2021-4GS, Class A, | ||||||||
1.93%, 07/20/2048 (A) | 2,734,716 | 2,088,191 | ||||||
Series 2021-5CS, Class A, | ||||||||
2.31%, 10/20/2048 (A) | 3,044,247 | 2,475,775 | ||||||
Series 2022-1GS, Class A, | ||||||||
2.70%, 01/20/2049 (A) | 3,907,275 | 3,237,862 | ||||||
GSAA Home Equity Trust | ||||||||
Series 2006-1, Class A3, | ||||||||
1-Month LIBOR + 0.66%, | 972,543 | 431,944 | ||||||
Hilton Grand Vacations Trust | ||||||||
Series 2018-AA, Class C, | ||||||||
4.00%, 02/25/2032 (A) | 460,692 | 441,342 | ||||||
JG Wentworth XXI LLC | ||||||||
Series 2010-2A, Class A, | ||||||||
4.07%, 01/15/2048 (A) | 317,124 | 309,060 | ||||||
JGWPT XXIII LLC | ||||||||
Series 2011-1A, Class A, | ||||||||
4.70%, 10/15/2056 (A) | 1,110,314 | 1,063,659 | ||||||
Lehman XS Trust | ||||||||
Series 2005-8, Class 1A3, | ||||||||
1-Month LIBOR + 0.70%, | 739,515 | 763,273 | ||||||
Longfellow Place CLO Ltd. | ||||||||
Series 2013-1A, Class AR3, | ||||||||
3-Month LIBOR + 1.00%, | 999,510 | 995,925 | ||||||
MVW LLC | ||||||||
Series 2019-2A, Class B, | ||||||||
2.44%, 10/20/2038 (A) | 605,299 | 564,977 | ||||||
Series 2021-1WA, Class C, | ||||||||
1.94%, 01/22/2041 (A) | 3,581,327 | 3,240,223 | ||||||
MVW Owner Trust | ||||||||
Series 2019-1A, Class A, | ||||||||
2.89%, 11/20/2036 (A) | 1,047,632 | 995,457 | ||||||
New Residential Advance Receivables Trust | ||||||||
Series 2020-T1, Class AT1, | ||||||||
1.43%, 08/15/2053 (A) | 13,300,000 | 12,894,190 | ||||||
Series 2020-T1, Class BT1, | ||||||||
1.82%, 08/15/2053 (A) | 2,400,000 | 2,321,181 | ||||||
Series 2020-T1, Class DT1, | ||||||||
3.01%, 08/15/2053 (A) | 3,390,000 | 3,275,127 | ||||||
NRZ Advance Receivables Trust | ||||||||
Series 2020-T2, Class AT2, | ||||||||
1.48%, 09/15/2053 (A) | 20,909,042 | 20,239,390 | ||||||
Series 2020-T2, Class CT2, | ||||||||
2.17%, 09/15/2053 (A) | 1,200,000 | 1,158,840 | ||||||
Octagon 54 Ltd. | ||||||||
Series 2021-1A, Class A1, | ||||||||
3-Month LIBOR + 1.12%, | 2,750,000 | 2,711,580 | ||||||
Transamerica Funds | Page 1 |
Transamerica Bond
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2023
(unaudited)
| Principal | Value | |||||||
| ASSET-BACKED SECURITIES (continued) | ||||||||
Orange Lake Timeshare Trust | ||||||||
Series 2016-A, Class A, | ||||||||
2.61%, 03/08/2029 (A) | $ 154,416 | $ 148,559 | ||||||
Series 2018-A, Class C, | ||||||||
3.74%, 11/08/2030 (A) | 344,204 | 332,822 | ||||||
Series 2019-A, Class A, | ||||||||
3.06%, 04/09/2038 (A) | 270,704 | 260,556 | ||||||
Series 2019-A, Class C, | ||||||||
3.61%, 04/09/2038 (A) | 270,703 | 257,117 | ||||||
Pikes Peak CLO 4 | ||||||||
Series 2019-4A, Class AR, | ||||||||
3-Month LIBOR + 1.20%, | 4,395,000 | 4,332,714 | ||||||
Santander Drive Auto Receivables Trust | ||||||||
Series 2021-2, Class D, | ||||||||
1.35%, 07/15/2027 | 3,434,000 | 3,228,748 | ||||||
Sierra Timeshare Receivables Funding LLC | ||||||||
Series 2018-3A, Class A, | ||||||||
3.69%, 09/20/2035 (A) | 419,104 | 415,461 | ||||||
Series 2018-3A, Class D, | ||||||||
5.20%, 09/20/2035 (A) | 450,734 | 436,393 | ||||||
Series 2019-1A, Class B, | ||||||||
3.42%, 01/20/2036 (A) | 316,989 | 305,747 | ||||||
Series 2019-2A, Class A, | ||||||||
2.59%, 05/20/2036 (A) | 443,489 | 429,474 | ||||||
Series 2019-2A, Class D, | ||||||||
4.54%, 05/20/2036 (A) | 449,970 | 424,638 | ||||||
Series 2020-2A, Class A, | ||||||||
1.33%, 07/20/2037 (A) | 217,574 | 205,574 | ||||||
Series 2020-2A, Class B, | ||||||||
2.32%, 07/20/2037 (A) | 1,056,576 | 989,773 | ||||||
Series 2021-1A, Class C, | ||||||||
1.79%, 11/20/2037 (A) | 2,164,185 | 1,993,042 | ||||||
Series 2021-1A, Class D, | ||||||||
3.17%, 11/20/2037 (A) | 1,499,966 | 1,372,274 | ||||||
STORE Master Funding I LLC | ||||||||
Series 2015-1A, Class A2, | ||||||||
4.17%, 04/20/2045 (A) | 1,033,344 | 978,064 | ||||||
Sunnova Helios V Issuer LLC | ||||||||
Series 2021-A, Class A, | ||||||||
1.80%, 02/20/2048 (A) | 2,366,483 | 1,960,779 | ||||||
TICP CLO III-2 Ltd. | ||||||||
Series 2018-3R, Class B, | ||||||||
3-Month LIBOR + 1.35%, | 1,250,000 | 1,241,234 | ||||||
Towd Point Mortgage Trust | ||||||||
Series 2017-1, Class A1, | ||||||||
2.75% (B), 10/25/2056 (A) | 268,039 | 264,042 | ||||||
Series 2017-3, Class A1, | ||||||||
2.75% (B), 07/25/2057 (A) | 250,030 | 243,433 | ||||||
Series 2017-4, Class A1, | ||||||||
2.75% (B), 06/25/2057 (A) | 1,894,768 | 1,807,068 | ||||||
Series 2017-6, Class A1, | ||||||||
2.75% (B), 10/25/2057 (A) | 1,797,673 | 1,717,127 | ||||||
Series 2018-2, Class A1, | ||||||||
3.25% (B), 03/25/2058 (A) | 1,613,676 | 1,554,766 | ||||||
Series 2018-4, Class A1, | ||||||||
3.00% (B), 06/25/2058 (A) | 2,983,423 | 2,778,487 | ||||||
Series 2018-5, Class A1A, | ||||||||
3.25% (B), 07/25/2058 (A) | 974,647 | 938,806 | ||||||
Series 2019-1, Class A1, | ||||||||
3.73% (B), 03/25/2058 (A) | 5,230,386 | 5,034,584 | ||||||
Series 2020-4, Class A1, | ||||||||
1.75%, 10/25/2060 (A) | 7,992,096 | 7,159,877 | ||||||
Vantage Data Centers Issuer LLC | ||||||||
Series 2020-1A, Class A2, | ||||||||
1.65%, 09/15/2045 (A) | 5,085,000 | 4,559,474 | ||||||
| Principal | Value | |||||||
| ASSET-BACKED SECURITIES (continued) | ||||||||
VSE VOI Mortgage LLC | ||||||||
Series 2018-A, Class A, | ||||||||
3.56%, 02/20/2036 (A) | $ 299,565 | $ 291,041 | ||||||
Welk Resorts LLC | ||||||||
Series 2019-AA, Class A, | ||||||||
2.80%, 06/15/2038 (A) | 635,522 | 614,467 | ||||||
Wellfleet CLO Ltd. | ||||||||
Series 2015-1A, Class BR4, | ||||||||
3-Month LIBOR + 1.55%, | 3,815,000 | 3,734,061 | ||||||
Series 2016-2A, Class A2R, | ||||||||
3-Month LIBOR + 1.58%, | 4,975,000 | 4,887,002 | ||||||
Series 2017-2A, Class A2R, | ||||||||
3-Month LIBOR + 1.62%, | 4,000,000 | 3,919,932 | ||||||
Series 2022-1A, Class C, | ||||||||
3-Month Term SOFR + 2.85%, | 2,500,000 | 2,375,603 | ||||||
|
| |||||||
| Total Asset-Backed Securities (Cost $180,963,598) | 169,851,507 | |||||||
|
| |||||||
| CORPORATE DEBT SECURITIES - 46.2% | ||||||||
| Aerospace & Defense - 0.9% | ||||||||
Boeing Co. | ||||||||
5.15%, 05/01/2030 | 3,195,000 | 3,213,202 | ||||||
5.93%, 05/01/2060 | 3,758,000 | 3,805,547 | ||||||
Embraer Netherlands Finance BV | ||||||||
6.95%, 01/17/2028 (A) | 2,343,000 | 2,418,960 | ||||||
Huntington Ingalls Industries, Inc. | ||||||||
2.04%, 08/16/2028 | 2,986,000 | 2,521,071 | ||||||
|
| |||||||
| 11,958,780 | ||||||||
|
| |||||||
| Air Freight & Logistics - 0.2% | ||||||||
GXO Logistics, Inc. | ||||||||
2.65%, 07/15/2031 | 4,221,000 | 3,307,647 | ||||||
|
| |||||||
| Airlines - 0.5% | ||||||||
American Airlines Pass-Through Trust | ||||||||
3.15%, 08/15/2033 | 1,486,818 | 1,290,977 | ||||||
Delta Air Lines Pass-Through Trust | ||||||||
3.20%, 10/25/2025 | 1,655,000 | 1,637,309 | ||||||
Delta Air Lines, Inc. / SkyMiles IP Ltd. | ||||||||
4.75%, 10/20/2028 (A) | 2,086,000 | 2,029,441 | ||||||
United Airlines Pass-Through Trust | ||||||||
3.75%, 03/03/2028 | 1,255,385 | 1,170,304 | ||||||
4.15%, 02/25/2033 | 1 | 1 | ||||||
|
| |||||||
| 6,128,032 | ||||||||
|
| |||||||
| Auto Components - 0.1% | ||||||||
Aptiv PLC / Aptiv Corp. | ||||||||
3.25%, 03/01/2032 | 1,762,000 | 1,517,227 | ||||||
|
| |||||||
| Automobiles - 0.4% | ||||||||
General Motors Co. | ||||||||
6.25%, 10/02/2043 | 2,723,000 | 2,700,640 | ||||||
Stellantis Finance US, Inc. | ||||||||
6.38%, 09/12/2032 (A) | 2,185,000 | 2,274,613 | ||||||
|
| |||||||
| 4,975,253 | ||||||||
|
| |||||||
| Banks - 4.7% | ||||||||
Bank of America Corp. | ||||||||
Fixed until 03/11/2031, | 3,000,000 | 2,523,298 | ||||||
Fixed until 04/27/2032, | 6,806,000 | 6,559,346 | ||||||
Transamerica Funds | Page 2 |
Transamerica Bond
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2023
(unaudited)
| Principal | Value | |||||||
| CORPORATE DEBT SECURITIES (continued) | ||||||||
| Banks (continued) | ||||||||
Barclays PLC | ||||||||
Fixed until 11/02/2025, | $ 6,090,000 | $ 6,389,939 | ||||||
BBVA Bancomer SA | ||||||||
Fixed until 09/13/2029, | 4,265,000 | 4,105,063 | ||||||
BNP Paribas SA | ||||||||
Fixed until 11/17/2027 (C), 9.25% (A) (B) | 5,233,000 | 5,683,038 | ||||||
BPCE SA | ||||||||
4.50%, 03/15/2025 (A) (D) | 3,992,000 | 3,885,159 | ||||||
Citigroup, Inc. | ||||||||
Fixed until 12/10/2025 (C), 4.00% (B) | 3,111,000 | 2,877,980 | ||||||
Commerzbank AG | ||||||||
8.13%, 09/19/2023 (A) | 4,661,000 | 4,703,737 | ||||||
Intesa Sanpaolo SpA | ||||||||
Fixed until 11/21/2032, | 7,981,000 | 8,709,766 | ||||||
JPMorgan Chase & Co. | ||||||||
Fixed until 02/01/2025 (C), 4.60% (B) | 4,698,000 | 4,395,566 | ||||||
Fixed until 09/14/2032, 5.72% (B), 09/14/2033 | 4,493,000 | 4,622,478 | ||||||
Lloyds Banking Group PLC | ||||||||
Fixed until 06/27/2026 (C), 6.75% (B) | 2,567,000 | 2,506,324 | ||||||
Truist Financial Corp. | ||||||||
5.12% (B), 01/26/2034 | 4,073,000 | 4,113,855 | ||||||
Wells Fargo & Co. | ||||||||
Fixed until 07/25/2027, 4.81% (B), 07/25/2028 | 2,561,000 | 2,551,499 | ||||||
|
| |||||||
| 63,627,048 | ||||||||
|
| |||||||
| Beverages - 0.7% | ||||||||
Anheuser-Busch InBev Worldwide, Inc. | ||||||||
4.44%, 10/06/2048 | 1,089,000 | 998,962 | ||||||
4.75%, 01/23/2029 | 2,771,000 | 2,807,723 | ||||||
Constellation Brands, Inc. | ||||||||
3.15%, 08/01/2029 | 1,344,000 | 1,224,156 | ||||||
3.70%, 12/06/2026 | 771,000 | 743,825 | ||||||
Primo Water Holdings, Inc. | ||||||||
4.38%, 04/30/2029 (A) | 3,655,000 | 3,188,037 | ||||||
|
| |||||||
| 8,962,703 | ||||||||
|
| |||||||
| Biotechnology - 0.5% | ||||||||
AbbVie, Inc. | ||||||||
3.20%, 05/14/2026 | 1,193,000 | 1,143,973 | ||||||
4.05%, 11/21/2039 | 2,650,000 | 2,378,075 | ||||||
Amgen, Inc. | ||||||||
2.00%, 01/15/2032 | 1,419,000 | 1,146,148 | ||||||
CSL Finance PLC | ||||||||
4.63%, 04/27/2042 (A) (D) | 2,278,000 | 2,175,990 | ||||||
|
| |||||||
| 6,844,186 | ||||||||
|
| |||||||
| Building Products - 0.8% | ||||||||
Builders FirstSource, Inc. | ||||||||
5.00%, 03/01/2030 (A) | 859,000 | 800,964 | ||||||
Carlisle Cos., Inc. | ||||||||
2.20%, 03/01/2032 | 2,572,000 | 2,047,525 | ||||||
3.75%, 12/01/2027 | 1,452,000 | 1,390,459 | ||||||
Carrier Global Corp. | ||||||||
2.72%, 02/15/2030 | 1,942,000 | 1,692,625 | ||||||
| Principal | Value | |||||||
| CORPORATE DEBT SECURITIES (continued) | ||||||||
| Building Products (continued) | ||||||||
Owens Corning | ||||||||
7.00%, 12/01/2036 | $ 2,467,000 | $ 2,801,760 | ||||||
Standard Industries, Inc. | ||||||||
3.38%, 01/15/2031 (A) | 2,179,000 | 1,730,823 | ||||||
|
| |||||||
| 10,464,156 | ||||||||
|
| |||||||
| Capital Markets - 2.1% | ||||||||
Credit Suisse AG | ||||||||
6.50%, 08/08/2023 (A) | 3,070,000 | 3,020,573 | ||||||
Credit Suisse Group AG | ||||||||
Fixed until 08/21/2026 (C), 6.38% (A) (B) | 2,816,000 | 2,280,960 | ||||||
Fixed until 11/15/2032, | 2,324,000 | 2,608,279 | ||||||
Deutsche Bank AG | ||||||||
Fixed until 05/24/2023, | 4,232,000 | 4,127,573 | ||||||
Goldman Sachs Group, Inc. | ||||||||
Fixed until 02/24/2032, | 5,681,000 | 4,853,441 | ||||||
LPL Holdings, Inc. | ||||||||
4.00%, 03/15/2029 (A) | 3,175,000 | 2,832,733 | ||||||
Morgan Stanley | ||||||||
Fixed until 07/20/2032, | 3,476,000 | 3,433,929 | ||||||
Fixed until 02/01/2028, | 1,568,000 | 1,582,512 | ||||||
Northern Trust Corp. | ||||||||
6.13%, 11/02/2032 | 3,856,000 | 4,229,654 | ||||||
|
| |||||||
| 28,969,654 | ||||||||
|
| |||||||
| Chemicals - 0.7% | ||||||||
ASP Unifrax Holdings, Inc. | ||||||||
5.25%, 09/30/2028 (A) | 1,005,000 | 861,063 | ||||||
International Flavors & Fragrances, Inc. | ||||||||
2.30%, 11/01/2030 (A) | 2,647,000 | 2,190,010 | ||||||
Mosaic Co. | ||||||||
4.05%, 11/15/2027 | 1,382,000 | 1,350,484 | ||||||
NOVA Chemicals Corp. | ||||||||
4.88%, 06/01/2024 (A) | 2,800,000 | 2,759,036 | ||||||
Nutrien Ltd. | ||||||||
4.20%, 04/01/2029 | 2,011,000 | 1,945,716 | ||||||
|
| |||||||
| 9,106,309 | ||||||||
|
| |||||||
| Commercial Services & Supplies - 1.0% | ||||||||
ADT Security Corp. | ||||||||
4.13%, 08/01/2029 (A) | 2,728,000 | 2,425,956 | ||||||
Ashtead Capital, Inc. | ||||||||
4.25%, 11/01/2029 (A) | 1,796,000 | 1,672,688 | ||||||
5.55%, 05/30/2033 (A) | 2,013,000 | 2,016,271 | ||||||
Stericycle, Inc. | ||||||||
3.88%, 01/15/2029 (A) | 1,868,000 | 1,657,402 | ||||||
5.38%, 07/15/2024 (A) | 1,408,000 | 1,394,441 | ||||||
Triton Container International Ltd. / TAL International Container Corp. | ||||||||
3.25%, 03/15/2032 | 5,371,000 | 4,373,927 | ||||||
|
| |||||||
| 13,540,685 | ||||||||
|
| |||||||
| Communications Equipment - 0.3% | ||||||||
CommScope, Inc. | ||||||||
4.75%, 09/01/2029 (A) | 5,544,000 | 4,591,345 | ||||||
|
| |||||||
| Construction & Engineering - 0.6% | ||||||||
Ashton Woods USA LLC / Ashton Woods Finance Co. | ||||||||
4.63%, 08/01/2029 - 04/01/2030 (A) | 2,660,000 | 2,218,716 | ||||||
Transamerica Funds | Page 3 |
Transamerica Bond
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2023
(unaudited)
| Principal | Value | |||||||
| CORPORATE DEBT SECURITIES (continued) | ||||||||
| Construction & Engineering (continued) | ||||||||
IHS Holding Ltd. |
| |||||||
5.63%, 11/29/2026 (A) | $ 2,561,000 | $ 2,162,764 | ||||||
IHS Netherlands Holdco BV | ||||||||
8.00%, 09/18/2027 (A) | 1,975,000 | 1,780,068 | ||||||
Quanta Services, Inc. | ||||||||
2.90%, 10/01/2030 | 2,043,000 | 1,750,144 | ||||||
|
| |||||||
| 7,911,692 | ||||||||
|
| |||||||
| Construction Materials - 0.2% | ||||||||
CRH America Finance, Inc. | ||||||||
3.40%, 05/09/2027 (A) | 2,580,000 | 2,437,687 | ||||||
CRH America, Inc. | ||||||||
3.88%, 05/18/2025 (A) | 1,000,000 | 975,816 | ||||||
|
| |||||||
| 3,413,503 | ||||||||
|
| |||||||
| Consumer Finance - 1.1% | ||||||||
Ally Financial, Inc. | ||||||||
8.00%, 11/01/2031 | 3,848,000 | 4,214,090 | ||||||
BMW US Capital LLC | ||||||||
2.80%, 04/11/2026 (A) | 1,921,000 | 1,821,222 | ||||||
Ford Motor Credit Co. LLC | ||||||||
3.38%, 11/13/2025 | 4,705,000 | 4,409,996 | ||||||
Nissan Motor Acceptance Co. LLC | ||||||||
2.45%, 09/15/2028 (A) | 3,359,000 | 2,721,023 | ||||||
Volkswagen Group of America Finance LLC | ||||||||
1.63%, 11/24/2027 (A) (D) | 2,089,000 | 1,799,174 | ||||||
|
| |||||||
| 14,965,505 | ||||||||
|
| |||||||
| Containers & Packaging - 1.1% | ||||||||
Clydesdale Acquisition Holdings, Inc. | ||||||||
6.63%, 04/15/2029 (A) | 2,004,000 | 1,976,004 | ||||||
Mauser Packaging Solutions Holding Co. | ||||||||
5.50%, 04/15/2024 (A) | 4,070,000 | 4,067,151 | ||||||
7.88%, 08/15/2026 (A) (E) | 1,320,000 | 1,331,550 | ||||||
Pactiv Evergreen Group Issuer, Inc. / Pactiv Evergreen Group Issuer LLC | ||||||||
4.00%, 10/15/2027 (A) | 3,570,000 | 3,204,075 | ||||||
Sonoco Products Co. | ||||||||
2.25%, 02/01/2027 | 2,168,000 | 1,958,769 | ||||||
WRKCo, Inc. | ||||||||
3.90%, 06/01/2028 (D) | 2,405,000 | 2,279,696 | ||||||
|
| |||||||
| 14,817,245 | ||||||||
|
| |||||||
| Diversified Financial Services - 2.9% | ||||||||
AerCap Ireland Capital DAC / AerCap Global Aviation Trust | ||||||||
3.85%, 10/29/2041 | 3,574,000 | 2,776,350 | ||||||
4.45%, 04/03/2026 | 3,579,000 | 3,466,288 | ||||||
Aviation Capital Group LLC | ||||||||
1.95%, 01/30/2026 (A) | 1,920,000 | 1,707,018 | ||||||
3.50%, 11/01/2027 (A) | 1,507,000 | 1,347,126 | ||||||
5.50%, 12/15/2024 (A) | 5,008,000 | 4,957,558 | ||||||
Equitable Holdings, Inc. | ||||||||
5.59%, 01/11/2033 | 4,014,000 | 4,099,015 | ||||||
Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp. | ||||||||
4.25%, 02/01/2027 (A) | 5,711,000 | 5,032,819 | ||||||
Mexico Remittances Funding Fiduciary Estate Management SARL | ||||||||
4.88%, 01/15/2028 (A) | 6,098,000 | 5,626,029 | ||||||
United Wholesale Mortgage LLC | ||||||||
5.50%, 11/15/2025 (A) | 4,725,000 | 4,419,598 | ||||||
Virgin Media Secured Finance PLC | ||||||||
4.50%, 08/15/2030 (A) | 2,800,000 | 2,415,028 | ||||||
5.50%, 05/15/2029 (A) | 3,940,000 | 3,635,210 | ||||||
|
| |||||||
| 39,482,039 | ||||||||
|
| |||||||
| Principal | Value | |||||||
| CORPORATE DEBT SECURITIES (continued) | ||||||||
| Diversified Telecommunication Services - 0.4% | ||||||||
Axian Telecom | ||||||||
7.38%, 02/16/2027 (A) | $ 1,148,000 | $ 1,057,595 | ||||||
Verizon Communications, Inc. | ||||||||
1.75%, 01/20/2031 | 2,923,000 | 2,348,965 | ||||||
4.13%, 03/16/2027 | 2,134,000 | 2,104,231 | ||||||
|
| |||||||
| 5,510,791 | ||||||||
|
| |||||||
| Electric Utilities - 0.9% | ||||||||
Cleveland Electric Illuminating Co. | ||||||||
3.50%, 04/01/2028 (A) | 4,456,000 | 4,157,083 | ||||||
EDP Finance BV | ||||||||
3.63%, 07/15/2024 (A) | 5,254,000 | 5,157,518 | ||||||
NRG Energy, Inc. | ||||||||
3.38%, 02/15/2029 (A) | 598,000 | 492,394 | ||||||
3.63%, 02/15/2031 (A) | 854,000 | 670,211 | ||||||
Pacific Gas & Electric Co. | ||||||||
2.50%, 02/01/2031 | 1,960,000 | 1,577,661 | ||||||
|
| |||||||
| 12,054,867 | ||||||||
|
| |||||||
| Electronic Equipment, Instruments & Components - 0.4% | ||||||||
Arrow Electronics, Inc. | ||||||||
2.95%, 02/15/2032 | 2,776,000 | 2,296,537 | ||||||
Keysight Technologies, Inc. | ||||||||
4.60%, 04/06/2027 | 2,272,000 | 2,270,294 | ||||||
Sensata Technologies, Inc. | ||||||||
3.75%, 02/15/2031 (A) | 210,000 | 178,313 | ||||||
4.38%, 02/15/2030 (A) | 1,498,000 | 1,356,289 | ||||||
|
| |||||||
| 6,101,433 | ||||||||
|
| |||||||
| Energy Equipment & Services - 0.2% | ||||||||
Investment Energy Resources Ltd. | ||||||||
6.25%, 04/26/2029 (A) | 1,793,000 | 1,711,536 | ||||||
Schlumberger Holdings Corp. | ||||||||
3.90%, 05/17/2028 (A) | 1,737,000 | 1,654,906 | ||||||
|
| |||||||
| 3,366,442 | ||||||||
|
| |||||||
| Equity Real Estate Investment Trusts - 2.7% | ||||||||
Broadstone Net Lease LLC | ||||||||
2.60%, 09/15/2031 | 2,555,000 | 1,945,267 | ||||||
Corporate Office Properties LP | ||||||||
2.00%, 01/15/2029 | 879,000 | 695,114 | ||||||
2.25%, 03/15/2026 | 1,251,000 | 1,130,845 | ||||||
EPR Properties | ||||||||
3.75%, 08/15/2029 | 2,420,000 | 2,005,917 | ||||||
HAT Holdings I LLC / HAT Holdings II LLC | ||||||||
3.38%, 06/15/2026 (A) | 1,830,000 | 1,624,125 | ||||||
Invitation Homes Operating Partnership LP | ||||||||
4.15%, 04/15/2032 | 1,602,000 | 1,465,552 | ||||||
Iron Mountain, Inc. | ||||||||
5.25%, 03/15/2028 (A) | 3,028,000 | 2,866,305 | ||||||
iStar, Inc. | ||||||||
4.25%, 08/01/2025 | 708,000 | 702,690 | ||||||
5.50%, 02/15/2026 | 3,496,000 | 3,522,220 | ||||||
Office Properties Income Trust | ||||||||
3.45%, 10/15/2031 (D) | 2,042,000 | 1,429,901 | ||||||
Physicians Realty LP | ||||||||
2.63%, 11/01/2031 | 2,095,000 | 1,715,281 | ||||||
Realty Income Corp. | ||||||||
5.63%, 10/13/2032 | 1,146,000 | 1,211,806 | ||||||
Transamerica Funds | Page 4 |
Transamerica Bond
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2023
(unaudited)
| Principal | Value | |||||||
| CORPORATE DEBT SECURITIES (continued) | ||||||||
| Equity Real Estate Investment Trusts (continued) | ||||||||
SBA Tower Trust | ||||||||
1.63%, 05/15/2051 (A) | $ 1,660,000 | $ 1,447,513 | ||||||
2.84%, 01/15/2050 (A) | 6,883,000 | 6,504,123 | ||||||
Simon Property Group LP | ||||||||
2.20%, 02/01/2031 (D) | 2,546,000 | 2,094,438 | ||||||
VICI Properties LP | ||||||||
4.95%, 02/15/2030 | 3,802,000 | 3,674,164 | ||||||
Weyerhaeuser Co. | ||||||||
4.00%, 04/15/2030 | 2,433,000 | 2,290,788 | ||||||
|
| |||||||
| 36,326,049 | ||||||||
|
| |||||||
| Food & Staples Retailing - 0.9% | ||||||||
7-Eleven, Inc. | ||||||||
1.80%, 02/10/2031 (A) | 3,318,000 | 2,639,494 | ||||||
Albertsons Cos., Inc. / Safeway, Inc. / New Albertsons LP | ||||||||
4.63%, 01/15/2027 (A) | 3,613,000 | 3,425,305 | ||||||
InRetail Consumer | ||||||||
3.25%, 03/22/2028 (A) | 3,042,000 | 2,626,889 | ||||||
Sysco Corp. | ||||||||
5.95%, 04/01/2030 | 2,815,000 | 3,015,535 | ||||||
|
| |||||||
| 11,707,223 | ||||||||
|
| |||||||
| Food Products - 1.2% | ||||||||
Bunge Ltd. Finance Corp. | ||||||||
1.63%, 08/17/2025 | 2,035,000 | 1,873,263 | ||||||
2.75%, 05/14/2031 (D) | 2,231,000 | 1,905,853 | ||||||
Cargill, Inc. | ||||||||
5.13%, 10/11/2032 (A) | 1,530,000 | 1,586,578 | ||||||
JBS USA LUX SA / JBS USA Food Co. / JBS USA Finance, Inc. | ||||||||
3.00%, 02/02/2029 (A) | 1,558,000 | 1,337,309 | ||||||
Pilgrim’s Pride Corp. | ||||||||
3.50%, 03/01/2032 (A) | 3,473,000 | 2,826,154 | ||||||
Post Holdings, Inc. | ||||||||
4.63%, 04/15/2030 (A) | 680,000 | 598,400 | ||||||
5.50%, 12/15/2029 (A) | 1,504,000 | 1,393,826 | ||||||
5.63%, 01/15/2028 (A) | 800,000 | 774,304 | ||||||
Viterra Finance BV | ||||||||
4.90%, 04/21/2027 (A) | 4,158,000 | 3,991,148 | ||||||
|
| |||||||
| 16,286,835 | ||||||||
|
| |||||||
| Health Care Equipment & Supplies - 0.7% | ||||||||
Alcon Finance Corp. | ||||||||
2.75%, 09/23/2026 (A) (D) | 2,053,000 | 1,905,738 | ||||||
5.75%, 12/06/2052 (A) | 1,424,000 | 1,526,716 | ||||||
Boston Scientific Corp. | ||||||||
4.70%, 03/01/2049 | 529,000 | 507,512 | ||||||
GE HealthCare Technologies, Inc. | ||||||||
5.86%, 03/15/2030 (A) | 1,306,000 | 1,383,206 | ||||||
Medline Borrower LP | ||||||||
3.88%, 04/01/2029 (A) | 1,483,000 | 1,265,073 | ||||||
5.25%, 10/01/2029 (A) (D) | 489,000 | 414,652 | ||||||
Stryker Corp. | ||||||||
1.95%, 06/15/2030 | 2,312,000 | 1,943,876 | ||||||
|
| |||||||
| 8,946,773 | ||||||||
|
| |||||||
| Health Care Providers & Services - 1.8% | ||||||||
Centene Corp. | ||||||||
3.00%, 10/15/2030 | 1,171,000 | 1,001,205 | ||||||
3.38%, 02/15/2030 | 3,806,000 | 3,345,931 | ||||||
4.25%, 12/15/2027 | 1,047,000 | 1,004,795 | ||||||
CHS / Community Health Systems, Inc. | ||||||||
5.25%, 05/15/2030 (A) | 1,927,000 | 1,554,935 | ||||||
8.00%, 03/15/2026 (A) | 425,000 | 413,546 | ||||||
Cigna Corp. | ||||||||
2.40%, 03/15/2030 | 3,032,000 | 2,610,635 | ||||||
| Principal | Value | |||||||
| CORPORATE DEBT SECURITIES (continued) | ||||||||
| Health Care Providers & Services (continued) | ||||||||
CVS Health Corp. | ||||||||
4.78%, 03/25/2038 | $ 1,892,000 | $ 1,803,744 | ||||||
Elevance Health, Inc. | ||||||||
2.25%, 05/15/2030 | 2,121,000 | 1,805,343 | ||||||
5.13%, 02/15/2053 | 1,550,000 | 1,546,710 | ||||||
HCA, Inc. | ||||||||
4.13%, 06/15/2029 | 1,566,000 | 1,485,290 | ||||||
7.50%, 11/06/2033 | 1,031,000 | 1,137,882 | ||||||
Laboratory Corp. of America Holdings | ||||||||
2.95%, 12/01/2029 | 1,695,000 | 1,515,032 | ||||||
Molina Healthcare, Inc. | ||||||||
4.38%, 06/15/2028 (A) | 1,151,000 | 1,063,006 | ||||||
Tenet Healthcare Corp. | ||||||||
5.13%, 11/01/2027 | 1,400,000 | 1,347,780 | ||||||
UnitedHealth Group, Inc. | ||||||||
6.05%, 02/15/2063 | 2,137,000 | 2,482,848 | ||||||
|
| |||||||
| 24,118,682 | ||||||||
|
| |||||||
| Hotels, Restaurants & Leisure - 2.1% | ||||||||
Boyd Gaming Corp. | ||||||||
4.75%, 12/01/2027 (D) | 849,000 | 807,117 | ||||||
Boyne USA, Inc. | ||||||||
4.75%, 05/15/2029 (A) | 999,000 | 904,933 | ||||||
Expedia Group, Inc. | ||||||||
2.95%, 03/15/2031 | 229,000 | 192,143 | ||||||
3.80%, 02/15/2028 | 1,761,000 | 1,661,584 | ||||||
GLP Capital LP / GLP Financing II, Inc. | ||||||||
4.00%, 01/15/2030 | 2,357,000 | 2,129,253 | ||||||
Hilton Domestic Operating Co., Inc. | ||||||||
3.75%, 05/01/2029 (A) | 3,099,000 | 2,752,253 | ||||||
Hyatt Hotels Corp. | ||||||||
1.80%, 10/01/2024 | 1,368,000 | 1,296,490 | ||||||
International Game Technology PLC | ||||||||
6.50%, 02/15/2025 (A) | 2,792,000 | 2,819,920 | ||||||
Marriott International, Inc. | ||||||||
2.75%, 10/15/2033 | 2,387,000 | 1,930,773 | ||||||
5.75%, 05/01/2025 | 292,000 | 296,824 | ||||||
MGM Resorts International | ||||||||
4.75%, 10/15/2028 | 1,627,000 | 1,470,477 | ||||||
5.75%, 06/15/2025 | 753,000 | 743,507 | ||||||
NCL Corp. Ltd. | ||||||||
5.88%, 03/15/2026 (A) | 2,716,000 | 2,368,433 | ||||||
Royal Caribbean Cruises Ltd. | ||||||||
5.50%, 04/01/2028 (A) | 1,364,000 | 1,173,040 | ||||||
Scientific Games International, Inc. | ||||||||
7.00%, 05/15/2028 (A) | 699,000 | 692,589 | ||||||
7.25%, 11/15/2029 (A) | 796,000 | 798,109 | ||||||
Viking Cruises Ltd. | ||||||||
5.88%, 09/15/2027 (A) | 4,525,000 | 3,854,305 | ||||||
Warnermedia Holdings, Inc. | ||||||||
5.05%, 03/15/2042 (A) | 2,861,000 | 2,431,477 | ||||||
|
| |||||||
| 28,323,227 | ||||||||
|
| |||||||
| Household Durables - 0.2% | ||||||||
Century Communities, Inc. | ||||||||
3.88%, 08/15/2029 (A) | 2,383,000 | 2,003,281 | ||||||
6.75%, 06/01/2027 | 1,319,000 | 1,300,793 | ||||||
|
| |||||||
| 3,304,074 | ||||||||
|
| |||||||
| Independent Power & Renewable Electricity Producers - 0.3% | ||||||||
Calpine Corp. | ||||||||
3.75%, 03/01/2031 (A) | 4,515,000 | 3,764,130 | ||||||
|
| |||||||
| Industrial Conglomerates - 0.2% | ||||||||
General Electric Co. | ||||||||
4.50%, 03/11/2044 | 2,625,000 | 2,410,291 | ||||||
|
| |||||||
Transamerica Funds | Page 5 |
Transamerica Bond
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2023
(unaudited)
| Principal | Value | |||||||
| CORPORATE DEBT SECURITIES (continued) | ||||||||
| Insurance - 2.0% | ||||||||
Aon Corp. / Aon Global Holdings PLC | ||||||||
5.00%, 09/12/2032 (D) | $ 3,143,000 | $ 3,202,279 | ||||||
AXA SA | ||||||||
8.60%, 12/15/2030 | 3,593,000 | 4,430,361 | ||||||
Cloverie PLC for Zurich Insurance Co. Ltd. | ||||||||
Fixed until 06/24/2026, | 6,400,000 | 6,370,560 | ||||||
Global Atlantic Finance Co. | ||||||||
Fixed until 07/15/2026, | 5,907,000 | 5,085,193 | ||||||
Muenchener Rueckversicherungs-Gesellschaft AG | ||||||||
Fixed until 11/23/2031, | 1,800,000 | 1,838,250 | ||||||
Ohio National Financial Services, Inc. | ||||||||
5.80%, 01/24/2030 (A) | 5,254,000 | 4,988,934 | ||||||
6.63%, 05/01/2031 (A) | 1,451,000 | 1,412,450 | ||||||
|
| |||||||
| 27,328,027 | ||||||||
|
| |||||||
| Interactive Media & Services - 0.3% | ||||||||
Baidu, Inc. | ||||||||
4.38%, 05/14/2024 (D) | 2,436,000 | 2,408,870 | ||||||
Tencent Holdings Ltd. | ||||||||
3.28%, 04/11/2024 (A) | 1,686,000 | 1,660,094 | ||||||
|
| |||||||
| 4,068,964 | ||||||||
|
| |||||||
| IT Services - 0.1% | ||||||||
Gartner, Inc. | ||||||||
4.50%, 07/01/2028 (A) | 413,000 | 392,346 | ||||||
Rackspace Technology Global, Inc. | ||||||||
3.50%, 02/15/2028 (A) | 2,584,000 | 1,565,646 | ||||||
|
| |||||||
| 1,957,992 | ||||||||
|
| |||||||
| Leisure Products - 0.0% (G) | ||||||||
Mattel, Inc. | ||||||||
5.88%, 12/15/2027 (A) | 360,000 | 359,100 | ||||||
|
| |||||||
| Life Sciences Tools & Services - 0.1% | ||||||||
Charles River Laboratories International, Inc. | ||||||||
4.00%, 03/15/2031 (A) (D) | 846,000 | 746,369 | ||||||
|
| |||||||
| Machinery - 0.2% | ||||||||
CNH Industrial Capital LLC | ||||||||
5.45%, 10/14/2025 | 2,905,000 | 2,950,988 | ||||||
|
| |||||||
| Marine - 0.2% | ||||||||
MV24 Capital BV | ||||||||
6.75%, 06/01/2034 (A) | 3,233,288 | 3,078,090 | ||||||
|
| |||||||
| Media - 1.2% | ||||||||
Charter Communications Operating LLC / Charter Communications Operating Capital | ||||||||
5.13%, 07/01/2049 | 3,691,000 | 3,038,779 | ||||||
Clear Channel Outdoor Holdings, Inc. | ||||||||
5.13%, 08/15/2027 (A) | 1,443,000 | 1,317,531 | ||||||
7.50%, 06/01/2029 (A) (D) | 1,392,000 | 1,126,546 | ||||||
Comcast Corp. | ||||||||
4.15%, 10/15/2028 | 3,261,000 | 3,226,558 | ||||||
CSC Holdings LLC | ||||||||
4.50%, 11/15/2031 (A) | 2,454,000 | 1,802,709 | ||||||
4.63%, 12/01/2030 (A) | 1,217,000 | 719,615 | ||||||
| Principal | Value | |||||||
| CORPORATE DEBT SECURITIES (continued) | ||||||||
| Media (continued) | ||||||||
Diamond Sports Group LLC / Diamond Sports Finance Co. | ||||||||
5.38%, 08/15/2026 (A) | $ 1,040,000 | $ 76,700 | ||||||
6.63%, 08/15/2027 (A) | 690,000 | 13,800 | ||||||
Directv Financing LLC / Directv Financing Co-Obligor, Inc. | ||||||||
5.88%, 08/15/2027 (A) | 1,031,000 | 933,885 | ||||||
DISH DBS Corp. | ||||||||
5.00%, 03/15/2023 | 1,500,000 | 1,497,120 | ||||||
Paramount Global | ||||||||
4.20%, 05/19/2032 (D) | 1,611,000 | 1,384,829 | ||||||
VZ Secured Financing BV | ||||||||
5.00%, 01/15/2032 (A) | 1,617,000 | 1,375,529 | ||||||
|
| |||||||
| 16,513,601 | ||||||||
|
| |||||||
| Metals & Mining - 0.8% | ||||||||
ArcelorMittal SA | ||||||||
6.55%, 11/29/2027 | 3,310,000 | 3,452,299 | ||||||
Freeport-McMoRan, Inc. | ||||||||
3.88%, 03/15/2023 | 4,245,000 | 4,230,567 | ||||||
Glencore Funding LLC | ||||||||
2.63%, 09/23/2031 (A) | 2,750,000 | 2,288,957 | ||||||
Novelis Corp. | ||||||||
3.25%, 11/15/2026 (A) | 236,000 | 213,655 | ||||||
3.88%, 08/15/2031 (A) | 236,000 | 199,184 | ||||||
|
| |||||||
| 10,384,662 | ||||||||
|
| |||||||
| Multi-Utilities - 0.3% | ||||||||
Black Hills Corp. | ||||||||
3.15%, 01/15/2027 | 1,874,000 | 1,763,367 | ||||||
4.25%, 11/30/2023 | 1,419,000 | 1,410,106 | ||||||
Duke Energy Corp. | ||||||||
5.00%, 12/08/2027 | 1,126,000 | 1,141,593 | ||||||
|
| |||||||
| 4,315,066 | ||||||||
|
| |||||||
| Oil, Gas & Consumable Fuels - 4.0% | ||||||||
Antero Midstream Partners LP / Antero Midstream Finance Corp. | ||||||||
5.38%, 06/15/2029 (A) | 1,175,000 | 1,092,702 | ||||||
7.88%, 05/15/2026 (A) | 2,739,000 | 2,810,899 | ||||||
Boardwalk Pipelines LP | ||||||||
3.40%, 02/15/2031 | 1,514,000 | 1,348,878 | ||||||
Cheniere Energy Partners LP | ||||||||
4.00%, 03/01/2031 | 4,568,000 | 4,098,227 | ||||||
4.50%, 10/01/2029 | 1,735,000 | 1,628,471 | ||||||
Chevron USA, Inc. | ||||||||
3.25%, 10/15/2029 | 1,773,000 | 1,669,327 | ||||||
Energy Transfer LP | ||||||||
6.00%, 06/15/2048 | 4,602,000 | 4,495,762 | ||||||
EnLink Midstream Partners LP | ||||||||
5.05%, 04/01/2045 | 1,095,000 | 862,257 | ||||||
EQM Midstream Partners LP | ||||||||
6.50%, 07/15/2048 | 2,310,000 | 1,778,700 | ||||||
Exxon Mobil Corp. | ||||||||
3.04%, 03/01/2026 | 2,435,000 | 2,343,726 | ||||||
NuStar Logistics LP | ||||||||
5.63%, 04/28/2027 | 2,000,000 | 1,919,460 | ||||||
5.75%, 10/01/2025 | 950,000 | 940,034 | ||||||
6.00%, 06/01/2026 | 350,000 | 343,266 | ||||||
Occidental Petroleum Corp. | ||||||||
5.55%, 03/15/2026 | 5,870,000 | 5,928,700 | ||||||
ONEOK Partners LP | ||||||||
4.90%, 03/15/2025 | 1,134,000 | 1,128,860 | ||||||
ONEOK, Inc. | ||||||||
6.10%, 11/15/2032 | 3,448,000 | 3,616,897 | ||||||
Transamerica Funds | Page 6 |
Transamerica Bond
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2023
(unaudited)
| Principal | Value | |||||||
| CORPORATE DEBT SECURITIES (continued) | ||||||||
| Oil, Gas & Consumable Fuels (continued) | ||||||||
Petroleos Mexicanos |
| |||||||
6.50%, 01/23/2029 | $ 3,507,000 | $ 3,141,662 | ||||||
6.84%, 01/23/2030 | 2,838,000 | 2,462,146 | ||||||
6.88%, 10/16/2025 (D) | 2,440,000 | 2,443,782 | ||||||
7.69%, 01/23/2050 | 1,593,000 | 1,187,775 | ||||||
Pioneer Natural Resources Co. | ||||||||
2.15%, 01/15/2031 | 2,518,000 | 2,078,502 | ||||||
Plains All American Pipeline LP / PAA Finance Corp. | ||||||||
3.55%, 12/15/2029 | 1,710,000 | 1,531,122 | ||||||
Sabine Pass Liquefaction LLC | ||||||||
5.90%, 09/15/2037 (A) | 2,628,000 | 2,721,100 | ||||||
Southwestern Energy Co. | ||||||||
5.38%, 03/15/2030 | 655,000 | 609,150 | ||||||
Targa Resources Partners LP / Targa Resources Partners Finance Corp. | ||||||||
4.00%, 01/15/2032 | 1,442,000 | 1,258,789 | ||||||
|
| |||||||
| 53,440,194 | ||||||||
|
| |||||||
| Pharmaceuticals - 0.7% | ||||||||
Astrazeneca Finance LLC | ||||||||
1.20%, 05/28/2026 | 2,543,000 | 2,294,076 | ||||||
Bausch Health Cos., Inc. | ||||||||
5.00%, 02/15/2029 (A) | 970,000 | 436,520 | ||||||
5.25%, 01/30/2030 - 02/15/2031 (A) | 3,724,000 | 1,642,502 | ||||||
6.25%, 02/15/2029 (A) | 520,000 | 239,252 | ||||||
7.00%, 01/15/2028 (A) | 617,000 | 281,238 | ||||||
Bayer US Finance II LLC | ||||||||
4.38%, 12/15/2028 (A) | 1,559,000 | 1,511,116 | ||||||
Royalty Pharma PLC | ||||||||
2.20%, 09/02/2030 | 2,249,000 | 1,828,668 | ||||||
Viatris, Inc. | ||||||||
2.30%, 06/22/2027 | 1,187,000 | 1,045,203 | ||||||
|
| |||||||
| 9,278,575 | ||||||||
|
| |||||||
| Professional Services - 0.4% | ||||||||
Equifax, Inc. | ||||||||
2.60%, 12/01/2024 | 2,854,000 | 2,735,974 | ||||||
5.10%, 12/15/2027 | 2,333,000 | 2,364,443 | ||||||
|
| |||||||
| 5,100,417 | ||||||||
|
| |||||||
| Road & Rail - 0.9% | ||||||||
Avolon Holdings Funding Ltd. | ||||||||
2.88%, 02/15/2025 (A) | 3,386,000 | �� | 3,174,397 | |||||
5.50%, 01/15/2026 (A) | 4,641,000 | 4,557,055 | ||||||
Norfolk Southern Corp. | ||||||||
4.55%, 06/01/2053 | 4,510,000 | 4,181,104 | ||||||
|
| |||||||
| 11,912,556 | ||||||||
|
| |||||||
| Semiconductors & Semiconductor Equipment - 1.3% | ||||||||
Advanced Micro Devices, Inc. | ||||||||
3.92%, 06/01/2032 (D) | 3,311,000 | 3,157,089 | ||||||
Broadcom, Inc. | ||||||||
1.95%, 02/15/2028 (A) | 1,219,000 | 1,056,270 | ||||||
KLA Corp. | ||||||||
4.10%, 03/15/2029 | 2,500,000 | 2,463,035 | ||||||
Microchip Technology, Inc. | ||||||||
0.98%, 09/01/2024 | 2,433,000 | 2,277,411 | ||||||
QUALCOMM, Inc. | ||||||||
3.25%, 05/20/2027 - 05/20/2050 | 3,126,000 | 2,746,982 | ||||||
Skyworks Solutions, Inc. | ||||||||
1.80%, 06/01/2026 | 1,359,000 | 1,213,372 | ||||||
TSMC Global Ltd. | ||||||||
1.38%, 09/28/2030 (A) | 6,595,000 | 5,276,187 | ||||||
|
| |||||||
| 18,190,346 | ||||||||
|
| |||||||
| Principal | Value | |||||||
| CORPORATE DEBT SECURITIES (continued) | ||||||||
| Software - 1.3% | ||||||||
Crowdstrike Holdings, Inc. | ||||||||
3.00%, 02/15/2029 (D) | $ 583,000 | $ 500,344 | ||||||
Infor, Inc. | ||||||||
1.75%, 07/15/2025 (A) | 2,364,000 | 2,150,920 | ||||||
NCR Corp. | ||||||||
5.00%, 10/01/2028 (A) | 695,000 | 612,198 | ||||||
5.13%, 04/15/2029 (A) | 897,000 | 781,256 | ||||||
5.25%, 10/01/2030 (A) | 2,183,000 | 1,887,991 | ||||||
Oracle Corp. | ||||||||
3.65%, 03/25/2041 | 2,412,000 | 1,902,026 | ||||||
6.90%, 11/09/2052 | 2,744,000 | 3,153,579 | ||||||
Take-Two Interactive Software, Inc. | ||||||||
3.55%, 04/14/2025 | 3,675,000 | 3,558,103 | ||||||
Workday, Inc. | ||||||||
3.50%, 04/01/2027 | 3,475,000 | 3,320,685 | ||||||
|
| |||||||
| 17,867,102 | ||||||||
|
| |||||||
| Specialty Retail - 0.2% | ||||||||
Lowe’s Cos., Inc. | ||||||||
3.75%, 04/01/2032 (D) | 2,291,000 | 2,119,224 | ||||||
|
| |||||||
| Technology Hardware, Storage & Peripherals - 0.3% | ||||||||
Apple, Inc. | ||||||||
2.85%, 02/23/2023 | 1,092,000 | 1,090,970 | ||||||
Dell International LLC / EMC Corp. | ||||||||
6.02%, 06/15/2026 | 1,432,000 | 1,471,164 | ||||||
Western Digital Corp. | ||||||||
2.85%, 02/01/2029 | 1,557,000 | 1,269,079 | ||||||
|
| |||||||
| 3,831,213 | ||||||||
|
| |||||||
| Tobacco - 0.5% | ||||||||
BAT Capital Corp. | ||||||||
2.26%, 03/25/2028 | 3,558,000 | 3,053,714 | ||||||
Philip Morris International, Inc. | ||||||||
5.63%, 11/17/2029 | 2,505,000 | 2,610,523 | ||||||
Reynolds American, Inc. | ||||||||
7.25%, 06/15/2037 | 439,000 | 474,653 | ||||||
|
| |||||||
| 6,138,890 | ||||||||
|
| |||||||
| Wireless Telecommunication Services - 0.6% | ||||||||
Altice France SA | ||||||||
5.50%, 10/15/2029 (A) | 1,320,000 | 1,039,159 | ||||||
Sprint LLC | ||||||||
7.88%, 09/15/2023 | 2,510,000 | 2,547,442 | ||||||
T-Mobile USA, Inc. | ||||||||
3.50%, 04/15/2031 | 2,000,000 | 1,789,640 | ||||||
3.88%, 04/15/2030 | 1,419,000 | 1,325,257 | ||||||
Vmed O2 Financing I PLC | ||||||||
4.75%, 07/15/2031 (A) | 2,500,000 | 2,125,050 | ||||||
|
| |||||||
| 8,826,548 | ||||||||
|
| |||||||
Total Corporate Debt Securities |
| 625,211,750 | ||||||
|
| |||||||
| FOREIGN GOVERNMENT OBLIGATIONS - 0.7% | ||||||||
| Colombia - 0.1% | ||||||||
Colombia Government International Bonds | ||||||||
4.50%, 01/28/2026 | 1,300,000 | 1,240,908 | ||||||
|
| |||||||
| Dominican Republic - 0.1% | ||||||||
Dominican Republic International Bonds | ||||||||
4.88%, 09/23/2032 (A) | 782,000 | 665,043 | ||||||
5.50%, 01/27/2025 (F) | 1,122,000 | 1,117,923 | ||||||
|
| |||||||
| 1,782,966 | ||||||||
|
| |||||||
Transamerica Funds | Page 7 |
Transamerica Bond
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2023
(unaudited)
| Principal | Value | |||||||
| FOREIGN GOVERNMENT OBLIGATIONS (continued) | ||||||||
| Ecuador - 0.1% | ||||||||
Ecuador Government International Bonds | ||||||||
Zero Coupon, 07/31/2030 (A) | $ 119,808 | $ 50,893 | ||||||
1.50% (H), 07/31/2040 (A) | 435,840 | 182,821 | ||||||
2.50% (H), 07/31/2035 (A) | 950,976 | 461,064 | ||||||
5.50% (H), 07/31/2030 (A) | 362,880 | 240,852 | ||||||
|
| |||||||
| 935,630 | ||||||||
|
| |||||||
| Qatar - 0.2% | ||||||||
Qatar Government International Bonds | ||||||||
3.88%, 04/23/2023 (A) | 2,657,000 | 2,647,573 | ||||||
|
| |||||||
| Uzbekistan - 0.2% | ||||||||
Republic of Uzbekistan International Bonds | ||||||||
3.90%, 10/19/2031 (A) | 3,049,000 | 2,498,728 | ||||||
|
| |||||||
Total Foreign Government Obligations |
| 9,105,805 | ||||||
|
| |||||||
| LOAN ASSIGNMENT - 0.3% | ||||||||
| Commercial Services & Supplies - 0.3% | ||||||||
Spin Holdco, Inc. | ||||||||
Term Loan, | ||||||||
3-Month LIBOR + 4.00%, | 4,731,680 | 3,712,003 | ||||||
|
| |||||||
Total Loan Assignment |
| 3,712,003 | ||||||
|
| |||||||
| MORTGAGE-BACKED SECURITIES - 10.4% | ||||||||
20 Times Square Trust | ||||||||
Series 2018-20TS, Class C, | ||||||||
3.10% (B), 05/15/2035 (A) | 2,550,000 | 2,450,288 | ||||||
280 Park Avenue Mortgage Trust | ||||||||
Series 2017-280P, Class E, | ||||||||
1-Month LIBOR + 2.12%, | 4,630,000 | 4,216,242 | ||||||
Alternative Loan Trust | ||||||||
Series 2005-14, Class 2A1, | ||||||||
1-Month LIBOR + 0.42%, | 440,013 | 391,810 | ||||||
Series 2005-14, Class 4A1, | ||||||||
1-Month LIBOR + 0.44%, | 678,276 | 620,710 | ||||||
Series 2006-OC1, Class 2A3A, | ||||||||
1-Month LIBOR + 0.64%, | 866,966 | 806,608 | ||||||
American Home Mortgage Assets Trust | ||||||||
Series 2007-2, Class A1, | ||||||||
1-Month LIBOR + 0.13%, | 274,455 | 242,134 | ||||||
BAMLL Commercial Mortgage Securities Trust | ||||||||
Series 2019-BPR, Class BNM, | ||||||||
3.47%, 11/05/2032 (A) | 5,000,000 | 4,465,524 | ||||||
Series 2019-BPR, Class CNM, | ||||||||
3.72% (B), 11/05/2032 (A) | 3,970,000 | 3,367,911 | ||||||
Banc of America Funding Trust | ||||||||
Series 2007-3, Class TA2, | ||||||||
1-Month LIBOR + 0.18%, | 184,666 | 159,301 | ||||||
| Principal | Value | |||||||
| MORTGAGE-BACKED SECURITIES (continued) | ||||||||
BBCMS Mortgage Trust | ||||||||
Series 2017-DELC, Class C, | ||||||||
1-Month LIBOR + 1.33%, | $ 2,339,000 | $ 2,312,227 | ||||||
Series 2017-DELC, Class D, | ||||||||
1-Month LIBOR + 1.83%, | 2,130,000 | 2,095,203 | ||||||
Series 2017-DELC, Class E, | ||||||||
1-Month LIBOR + 2.63%, | 1,890,000 | 1,865,013 | ||||||
Series 2018-TALL, Class C, | ||||||||
1-Month LIBOR + 1.12%, | 7,065,000 | 5,973,474 | ||||||
Series 2018-TALL, Class E, | ||||||||
1-Month LIBOR + 2.44%, | 2,570,000 | 1,857,845 | ||||||
BX Commercial Mortgage Trust | ||||||||
Series 2019-XL, Class D, | ||||||||
1-Month Term SOFR + 1.56%, | 3,769,750 | 3,698,748 | ||||||
Series 2020-VKNG, Class D, | ||||||||
1-Month Term SOFR + 1.81%, | 3,010,000 | 2,914,888 | ||||||
BXP Trust | ||||||||
Series 2017-CQHP, Class D, | ||||||||
1-Month LIBOR + 2.00%, | 1,825,000 | 1,611,578 | ||||||
CHL Mortgage Pass-Through Trust | ||||||||
Series 2005-11, Class 4A1, | ||||||||
1-Month LIBOR + 0.27%, | 83,399 | 74,693 | ||||||
Series 2006-3, Class 3A1, | ||||||||
1-Month LIBOR + 0.50%, | 2,107,122 | 1,816,791 | ||||||
CIM Trust | ||||||||
Series 2021-R6, Class A1, | ||||||||
1.43% (B), 07/25/2061 (A) | 5,882,594 | 5,252,659 | ||||||
Citigroup Mortgage Loan Trust, Inc. | ||||||||
Series 2014-A, Class A, | ||||||||
4.00% (B), 01/25/2035 (A) | 38,305 | 35,979 | ||||||
Series 2015-PS1, Class A1, | ||||||||
3.75% (B), 09/25/2042 (A) | 237,846 | 223,769 | ||||||
CORE Mortgage Trust | ||||||||
Series 2019-CORE, Class C, | ||||||||
1-Month LIBOR + 1.30%, | 2,295,200 | 2,193,822 | ||||||
CSMC Trust | ||||||||
Series 2014-11R, Class 17A1, | ||||||||
1-Month LIBOR + 0.15%, | 85,547 | 84,740 | ||||||
Series 2020-RPL4, Class A1, | ||||||||
2.00% (B), 01/25/2060 (A) | 6,283,697 | 5,569,376 | ||||||
Series 2021-RPL2, Class A1A, | ||||||||
1.11% (B), 01/25/2060 (A) | 6,113,197 | 5,116,004 | ||||||
Series 2021-RPL3, Class A1, | ||||||||
2.00% (B), 01/25/2060 (A) | 2,315,471 | 2,028,640 | ||||||
Series 2021-RPL6, Class A1, | ||||||||
2.00% (B), 10/25/2060 (A) | 4,201,482 | 3,747,838 | ||||||
Fontainebleau Miami Beach Trust | ||||||||
Series 2019-FBLU, Class D, | ||||||||
3.96% (B), 12/10/2036 (A) | 7,902,000 | 7,436,740 | ||||||
Great Wolf Trust | ||||||||
Series 2019-WOLF, Class C, | ||||||||
1-Month Term SOFR + 1.75%, | 5,107,000 | 4,940,335 | ||||||
Transamerica Funds | Page 8 |
Transamerica Bond
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2023
(unaudited)
| Principal | Value | |||||||
| MORTGAGE-BACKED SECURITIES (continued) | ||||||||
GS Mortgage Securities Corp. Trust |
| |||||||
Series 2017-SLP, Class B, | ||||||||
3.77%, 10/10/2032 (A) | $ 5,242,000 | $ 5,130,887 | ||||||
GSCG Trust | ||||||||
Series 2019-600C, Class B, | ||||||||
3.16%, 09/06/2034 (A) | 1,660,000 | 1,436,257 | ||||||
Series 2019-600C, Class C, | ||||||||
3.46%, 09/06/2034 (A) | 4,480,000 | 3,849,969 | ||||||
GSR Mortgage Loan Trust | ||||||||
Series 2007-OA1, Class 2A1, | ||||||||
1-Month LIBOR + 0.13%, | 148,630 | 77,942 | ||||||
ILPT Trust | ||||||||
Series 2019-SURF, Class C, | ||||||||
4.29% (B), 02/11/2041 (A) | 1,930,000 | 1,613,292 | ||||||
IndyMac INDX Mortgage Loan Trust | ||||||||
Series 2007-AR15, Class 2A1, | ||||||||
3.22% (B), 08/25/2037 | 599,395 | 453,284 | ||||||
JPMorgan Chase Commercial Mortgage Securities Trust | ||||||||
Series 2020-ACE, Class A, | ||||||||
3.29%, 01/10/2037 (A) | 5,000,000 | 4,693,689 | ||||||
Series 2020-NNN, Class CFX, | ||||||||
3.27%, 01/16/2037 (A) | 2,675,000 | 2,375,313 | ||||||
Merrill Lynch Mortgage Investors Trust | ||||||||
Series 2006-A1, Class 1A1, | ||||||||
3.51% (B), 03/25/2036 | 752,201 | 462,676 | ||||||
MetLife Securitization Trust | ||||||||
Series 2019-1A, Class A1A, | ||||||||
3.75% (B), 04/25/2058 (A) | 465,612 | 453,277 | ||||||
Mill City Mortgage Loan Trust | ||||||||
Series 2019-1, Class A1, | ||||||||
3.25% (B), 10/25/2069 (A) | 4,386,116 | 4,201,642 | ||||||
MSCG Trust | ||||||||
Series 2018-SELF, Class D, | ||||||||
1-Month LIBOR + 1.65%, | 5,218,207 | 5,048,158 | ||||||
New Residential Mortgage Loan Trust | ||||||||
Series 2016-2A, Class A1, | ||||||||
3.75% (B), 11/26/2035 (A) | 326,577 | 304,796 | ||||||
Series 2017-1A, Class A1, | ||||||||
4.00% (B), 02/25/2057 (A) | 1,255,497 | 1,191,500 | ||||||
Series 2017-2A, Class A3, | ||||||||
4.00% (B), 03/25/2057 (A) | 5,640,015 | 5,331,912 | ||||||
Series 2017-3A, Class A1, | ||||||||
4.00% (B), 04/25/2057 (A) | 546,963 | 521,085 | ||||||
Series 2018-2A, Class A1, | ||||||||
4.50% (B), 02/25/2058 (A) | 356,352 | 345,115 | ||||||
Series 2018-RPL1, Class A1, | ||||||||
3.50% (B), 12/25/2057 (A) | 2,031,241 | 1,939,254 | ||||||
Series 2019-2A, Class A1, | ||||||||
4.25% (B), 12/25/2057 (A) | 1,420,062 | 1,352,339 | ||||||
Series 2019-3A, Class A1A, | ||||||||
3.75% (B), 11/25/2058 (A) | 4,152,825 | 3,912,934 | ||||||
Series 2019-5A, Class A1B, | ||||||||
3.50% (B), 08/25/2059 (A) | 4,001,742 | 3,761,358 | ||||||
Series 2019-6A, Class A1B, | ||||||||
3.50% (B), 09/25/2059 (A) | 3,859,792 | 3,582,177 | ||||||
Series 2019-RPL2, Class A1, | ||||||||
3.25% (B), 02/25/2059 (A) | 2,493,569 | 2,370,823 | ||||||
RALI Trust | ||||||||
Series 2006-QO1, Class 3A1, | ||||||||
1-Month LIBOR + 0.54%, | 2,434,333 | 1,317,974 | ||||||
Series 2007-QH5, Class AI1, | ||||||||
1-Month LIBOR + 0.42%, | 115,871 | 103,943 | ||||||
| Principal | Value | |||||||
| MORTGAGE-BACKED SECURITIES (continued) | ||||||||
Residential Asset Securitization Trust | ||||||||
Series 2004-A4, Class A11, | ||||||||
5.50%, 08/25/2034 | $ 1,471,242 | $ 1,418,760 | ||||||
Tharaldson Hotel Portfolio Trust | ||||||||
Series 2018-THL, Class C, | ||||||||
1-Month LIBOR + 1.65%, 6.05% (B), 11/11/2034 (A) | 1,405,489 | 1,335,415 | ||||||
Towd Point Mortgage Trust | ||||||||
Series 2023-1, Class A1, | ||||||||
3.75%, 01/25/2063 (A) | 5,010,000 | 4,776,033 | ||||||
|
| |||||||
Total Mortgage-Backed Securities |
| 140,932,694 | ||||||
|
| |||||||
| U.S. GOVERNMENT AGENCY OBLIGATIONS - 4.3% | ||||||||
Federal Home Loan Mortgage Corp., Interest Only STRIPS | ||||||||
5.00%, 08/01/2035 | 382,373 | 63,174 | ||||||
Uniform Mortgage-Backed Security | ||||||||
2.00%, TBA (E) | 56,273,000 | 47,315,481 | ||||||
2.50%, TBA (E) | 12,377,000 | 10,816,338 | ||||||
|
| |||||||
| Total U.S. Government Agency Obligations (Cost $58,326,537) | 58,194,993 | |||||||
|
| |||||||
| U.S. GOVERNMENT OBLIGATIONS - 23.2% | ||||||||
| U.S. Treasury - 22.2% | ||||||||
U.S. Treasury Bonds | ||||||||
1.25%, 05/15/2050 | 55,880,000 | 32,539,186 | ||||||
1.88%, 02/15/2051 | 13,021,000 | 8,898,022 | ||||||
2.00%, 02/15/2050 | 4,323,000 | 3,062,238 | ||||||
2.25%, 05/15/2041 - 08/15/2049 | 40,772,900 | 31,552,650 | ||||||
2.38%, 02/15/2042 | 40,425,000 | 32,564,233 | ||||||
2.50%, 05/15/2046 | 9,450,000 | 7,537,113 | ||||||
2.75%, 08/15/2042 - 11/15/2047 | 57,583,000 | 48,687,565 | ||||||
2.88%, 11/15/2046 (D) | 5,220,000 | 4,461,673 | ||||||
2.88%, 05/15/2049 | 7,496,200 | 6,419,793 | ||||||
3.00%, 08/15/2048 - 08/15/2052 | 15,607,500 | 13,674,665 | ||||||
3.25%, 05/15/2042 | 12,331,000 | 11,394,615 | ||||||
U.S. Treasury Notes | ||||||||
1.13%, 02/15/2031 | 18,944,600 | 15,909,764 | ||||||
1.25%, 08/15/2031 | 1,499,000 | 1,254,768 | ||||||
1.38%, 11/15/2031 | 13,278,000 | 11,164,412 | ||||||
1.63%, 05/15/2031 | 8,034,000 | 6,973,261 | ||||||
1.75%, 05/15/2023 (D) | 3,382,000 | 3,353,993 | ||||||
1.88%, 02/15/2032 | 9,558,400 | 8,364,347 | ||||||
2.25%, 10/31/2024 | 2,737,000 | 2,639,815 | ||||||
2.75%, 05/15/2025 - 08/15/2032 | 19,337,500 | 18,184,877 | ||||||
2.88%, 05/15/2032 | 10,805,000 | 10,261,373 | ||||||
3.88%, 11/30/2027 - 09/30/2029 | 8,874,300 | 8,993,074 | ||||||
4.13%, 09/30/2027 - 11/15/2032 | 11,830,200 | 12,309,532 | ||||||
|
| |||||||
| 300,200,969 | ||||||||
|
| |||||||
Transamerica Funds | Page 9 |
Transamerica Bond
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2023
(unaudited)
| Principal | Value | |||||||
| U.S. GOVERNMENT OBLIGATIONS (continued) | ||||||||
| U.S. Treasury Inflation-Protected Securities - 1.0% | ||||||||
U.S. Treasury Inflation-Protected Indexed Bonds | ||||||||
0.25%, 02/15/2050 | $ 12,453,347 | $ 8,966,288 | ||||||
U.S. Treasury Inflation-Protected Indexed Notes | ||||||||
0.13%, 07/15/2030 | 5,046,575 | 4,630,528 | ||||||
|
| |||||||
| 13,596,816 | ||||||||
|
| |||||||
Total U.S. Government Obligations |
| 313,797,785 | ||||||
|
| |||||||
| COMMERCIAL PAPER - 2.8% | ||||||||
| Banks - 0.8% | ||||||||
Bedford Row Funding Corp. | ||||||||
4.65% (I), 02/07/2023 | 500,000 | 499,566 | ||||||
BofA Securities, Inc. | ||||||||
5.21% (I), 07/13/2023 | 6,700,000 | 6,550,564 | ||||||
Lloyds Bank PLC | ||||||||
5.09% (I), 07/18/2023 | 1,400,000 | 1,368,124 | ||||||
Svenska Handelsbanken AB | ||||||||
5.06% (I), 07/24/2023 | 2,000,000 | 1,953,233 | ||||||
|
| |||||||
| 10,371,487 | ||||||||
|
| |||||||
| Diversified Financial Services - 2.0% | ||||||||
Atlantic Asset Securitization LLC | ||||||||
4.74% (I), 02/15/2023 | 500,000 | 499,062 | ||||||
Glencove Funding LLC | ||||||||
4.77% (I), 02/17/2023 | 6,687,000 | 6,672,762 | ||||||
Gotham Funding Corp. | ||||||||
4.83% (I), 02/14/2023 | 8,300,000 | 8,285,497 | ||||||
Liberty Street Funding LLC | ||||||||
4.83% (I), 02/07/2023 | 700,000 | 699,392 | ||||||
Sheffield Receivables Co. LLC | ||||||||
4.83% (I), 03/06/2023 | 11,000,000 | 10,951,993 | ||||||
|
| |||||||
| 27,108,706 | ||||||||
|
| |||||||
Total Commercial Paper |
| 37,480,193 | ||||||
|
| |||||||
| SHORT-TERM U.S. GOVERNMENT OBLIGATIONS - 1.5% | ||||||||
U.S. Treasury Bills | ||||||||
4.28% (I), 03/09/2023 | 19,515,000 | 19,427,885 | ||||||
4.66% (I), 06/08/2023 | 1,401,000 | 1,378,437 | ||||||
|
| |||||||
Total Short-Term U.S. Government Obligations |
| 20,806,322 | ||||||
|
| |||||||
| Shares | Value | |||||||
| OTHER INVESTMENT COMPANY - 0.9% | ||||||||
| Securities Lending Collateral - 0.9% | ||||||||
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 4.30% (I) | 11,565,888 | 11,565,888 | ||||||
|
| |||||||
Total Other Investment Company |
| 11,565,888 | ||||||
|
| |||||||
| Principal | Value | |||||||
| REPURCHASE AGREEMENT - 1.5% | ||||||||
Fixed Income Clearing Corp., 1.80% (I), dated 01/31/2023, to be repurchased at $20,920,750 on 02/01/2023. Collateralized by a U.S. Government Obligation, 1.75%, due 07/31/2024, and with a value of $21,338,135. | $ 20,919,704 | $ 20,919,704 | ||||||
|
| |||||||
Total Repurchase Agreement |
| 20,919,704 | ||||||
|
| |||||||
Total Investments (Cost $1,526,864,903) |
| 1,411,578,644 | ||||||
Net Other Assets (Liabilities) - (4.4)% |
| (59,828,220 | ) | |||||
|
| |||||||
Net Assets - 100.0% |
| $ 1,351,750,424 | ||||||
|
| |||||||
Transamerica Funds | Page 10 |
Transamerica Bond
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2023
(unaudited)
FUTURES CONTRACTS:
Long Futures Contracts
Description | Number of Contracts | Expiration Date | Notional Amount | Value | Unrealized Appreciation | Unrealized Depreciation | ||||||||||||||||||||||||
U.S. Treasury Ultra Bonds | 1 | 03/22/2023 | $ | 138,033 | $ | 141,750 | $ | 3,717 | $ | — | ||||||||||||||||||||
INVESTMENT VALUATION:
Valuation Inputs (J)
| Level 1 - Unadjusted Quoted Prices | Level 2 - Other Significant Observable Inputs | Level 3 - Significant Unobservable Inputs | Value | |||||||||||||
ASSETS | ||||||||||||||||
Investments | ||||||||||||||||
Asset-Backed Securities | $ | — | $ | 169,851,507 | $ | — | $ | 169,851,507 | ||||||||
Corporate Debt Securities | — | 625,211,750 | — | 625,211,750 | ||||||||||||
Foreign Government Obligations | — | 9,105,805 | — | 9,105,805 | ||||||||||||
Loan Assignment | — | 3,712,003 | — | 3,712,003 | ||||||||||||
Mortgage-Backed Securities | — | 140,932,694 | — | 140,932,694 | ||||||||||||
U.S. Government Agency Obligations | — | 58,194,993 | — | 58,194,993 | ||||||||||||
U.S. Government Obligations | — | 313,797,785 | — | 313,797,785 | ||||||||||||
Commercial Paper | — | 37,480,193 | — | 37,480,193 | ||||||||||||
Short-Term U.S. Government Obligations | — | 20,806,322 | — | 20,806,322 | ||||||||||||
Other Investment Company | 11,565,888 | — | — | 11,565,888 | ||||||||||||
Repurchase Agreement | — | 20,919,704 | — | 20,919,704 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | $ | 11,565,888 | $ | 1,400,012,756 | $ | — | $ | 1,411,578,644 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Other Financial Instruments | ||||||||||||||||
Futures Contracts (K) | $ | 3,717 | $ | — | $ | — | $ | 3,717 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Total Other Financial Instruments | $ | 3,717 | $ | — | $ | — | $ | 3,717 | ||||||||
|
|
|
|
|
|
|
| |||||||||
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 January 31, 2023, the total value of 144A securities is $580,564,403, representing 42.9% of the Fund’s net assets. | |
| (B) | Floating or variable rate securities. The rates disclosed are as of January 31, 2023. 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) | Perpetual maturity. The date displayed is the next call date. | |
| (D) | All or a portion of the securities are on loan. The total value of all securities on loan is $24,261,260, collateralized by cash collateral of $11,565,888 and non-cash collateral, such as U.S. government securities and irrevocable letters of credit, of $13,212,059. 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) | When-issued, delayed-delivery and/or forward commitment (including TBAs) securities. Securities to be settled and delivered after January 31, 2023. Securities may display a coupon rate of 0.00%, as the rate is to be determined at time of settlement. | |
| (F) | Securities are exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside the United States. Securities may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933. At January 31, 2023, the total value of Regulation S securities is $7,488,483, representing 0.6% of the Fund’s net assets. | |
| (G) | Percentage rounds to less than 0.1% or (0.1)%. | |
| (H) | Step bonds. Coupon rates change in increments to maturity. The rates disclosed are as of January 31, 2023; the maturity dates disclosed are the ultimate maturity dates. | |
| (I) | Rates disclosed reflect the yields at January 31, 2023. | |
| (J) | 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. | |
| (K) | Derivative instruments are valued at unrealized appreciation (depreciation). |
PORTFOLIO ABBREVIATIONS:
LIBOR | London Interbank Offered Rate | |
SOFR | Secured Overnight Financing Rate | |
STRIPS | Separate Trading of Registered Interest and Principal of Securities | |
TBA | To Be Announced |
Transamerica Funds | Page 11 |
Transamerica Bond
NOTES TO SCHEDULE OF INVESTMENTS
At January 31, 2023
(unaudited)
INVESTMENT VALUATION
Transamerica Bond (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 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 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:
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 12 |
Transamerica Bond
NOTES TO SCHEDULE OF INVESTMENTS (continued)
At January 31, 2023
(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.
Commercial paper: Commercial paper is valued using amortized cost, which approximates fair value. The values are generally categorized in Level 2 of the fair value hierarchy, or Level 3 if inputs are unobservable.
Short-term notes: The Fund normally values short-term government and U.S. government agency securities using a model that incorporates market observable data such as reported sales of similar securities, broker quotes, yields, bids, offers and reference data. Certain securities are valued by principally using dealer quotations. Short-term government and U.S. government agency securities generally are categorized in Level 2 of the fair value hierarchy, or Level 3 if inputs are unobservable.
Securities lending collateral: Securities lending collateral is invested in a money market fund which is valued at the actively traded NAV and no valuation adjustments are applied. Securities lending collateral is categorized in Level 1 of the fair value hierarchy.
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.
Derivative instruments: Centrally cleared or listed derivatives that are actively traded are valued based on quoted prices from the exchange and are categorized in Level 1 of the fair value hierarchy. Over-the-counter (“OTC”) derivative contracts include forward, swap, swaption, and option contracts related to interest rates, foreign currencies, credit standing of reference entities, equity prices, or commodity prices. Depending on the product and the terms of the transaction, the fair value of the OTC derivative products are modeled taking into account the counterparties’ creditworthiness and using a series of techniques, including simulation models. Many pricing models do not entail material subjectivity because the methodologies employed do not necessitate significant judgments and the pricing inputs are observed from actively quoted markets, as is the case of interest rate swap and option contracts. The majority of OTC derivative products valued by the Fund using pricing models fall into this category and are categorized within Level 2 of the fair value hierarchy or Level 3 if inputs are unobservable.
Transamerica Funds | Page 13 |