Transamerica Short-Term Bond
SCHEDULE OF INVESTMENTS
At January 31, 2023
(unaudited)
| Principal | Value | |||||||
| ASSET-BACKED SECURITIES - 12.7% | ||||||||
Accelerated LLC | ||||||||
Series 2021-1H, Class A, | ||||||||
1.35%, 10/20/2040 (A) | $ 2,055,859 | $ 1,875,171 | ||||||
Series 2021-1H, Class B, | ||||||||
1.90%, 10/20/2040 (A) | 7,213,429 | 6,391,517 | ||||||
Series 2021-1H, Class C, | ||||||||
2.35%, 10/20/2040 (A) | 3,268,010 | 2,879,973 | ||||||
ACM Auto Trust | ||||||||
Series 2023-1A, Class A, | ||||||||
6.61%, 01/22/2030 (A) | 12,900,000 | 12,902,313 | ||||||
AmeriCredit Automobile Receivables Trust | ||||||||
Series 2018-2, Class D, | ||||||||
4.01%, 07/18/2024 | 2,733,424 | 2,727,380 | ||||||
Series 2020-2, Class D, | ||||||||
2.13%, 03/18/2026 | 1,360,000 | 1,283,486 | ||||||
Anchorage Capital CLO 11 Ltd. | ||||||||
Series 2019-11A, Class AR, | ||||||||
3-Month LIBOR + 1.14%, | 12,300,000 | 12,141,773 | ||||||
Anchorage Capital CLO 9 Ltd. | ||||||||
Series 2016-9A, Class AR2, | ||||||||
3-Month LIBOR + 1.14%, | 10,000,000 | 9,885,250 | ||||||
Apidos CLO XXXI | ||||||||
Series 2019-31A, Class BR, | ||||||||
3-Month LIBOR + 1.55%, | 12,500,000 | 12,237,975 | ||||||
Aqua Finance Trust | ||||||||
Series 2021-A, Class A, | ||||||||
1.54%, 07/17/2046 (A) | 6,517,242 | 5,848,833 | ||||||
Avis Budget Rental Car Funding AESOP LLC | ||||||||
Series 2018-2A, Class A, | ||||||||
4.00%, 03/20/2025 (A) | 1,425,000 | 1,406,147 | ||||||
Series 2020-1A, Class B, | ||||||||
2.68%, 08/20/2026 (A) | 520,000 | 482,848 | ||||||
BHG Securitization Trust | ||||||||
Series 2022-C, Class A, | ||||||||
5.32%, 10/17/2035 (A) | 11,813,155 | 11,729,982 | ||||||
BXG Receivables Note Trust | ||||||||
Series 2017-A, Class A, | ||||||||
2.95%, 10/04/2032 (A) | 2,135,790 | 2,053,574 | ||||||
Series 2020-A, Class A, | ||||||||
1.55%, 02/28/2036 (A) | 5,152,144 | 4,664,475 | ||||||
Carmax Auto Owner Trust | ||||||||
Series 2020-1, Class A4, | ||||||||
2.03%, 06/16/2025 | 17,355,000 | 16,886,186 | ||||||
CF Hippolyta Issuer LLC | ||||||||
Series 2020-1, Class B1, | ||||||||
2.28%, 07/15/2060 (A) | 5,866,292 | 5,215,568 | ||||||
CNH Equipment Trust | ||||||||
Series 2019-C, Class B, | ||||||||
2.35%, 04/15/2027 | 1,730,000 | 1,689,781 | ||||||
CWABS Asset-Backed Certificates Trust | ||||||||
Series 2006-17, Class 2A2, | ||||||||
1-Month LIBOR + 0.30%, | 2,754,955 | 2,688,057 | ||||||
Diamond Resorts Owner Trust | ||||||||
Series 2019-1A, Class A, | ||||||||
2.89%, 02/20/2032 (A) | 2,009,072 | 1,969,004 | ||||||
| Principal | Value | |||||||
| ASSET-BACKED SECURITIES (continued) | ||||||||
Diamond Resorts Owner Trust (continued) | ||||||||
Series 2021-1A, Class B, | ||||||||
2.05%, 11/21/2033 (A) | $ 1,798,537 | $ 1,643,677 | ||||||
Series 2021-1A, Class C, | ||||||||
2.70%, 11/21/2033 (A) | 1,678,635 | 1,540,487 | ||||||
Discover Card Execution Note Trust | ||||||||
Series 2022-A2, Class A, | ||||||||
3.32%, 05/15/2027 | 20,000,000 | 19,488,536 | ||||||
Evergreen Credit Card Trust | ||||||||
Class B, Series 2022-CRT1, | ||||||||
5.61%, 07/15/2026 (A) | 625,000 | 616,425 | ||||||
Ford Credit Auto Lease Trust | ||||||||
Series 2021-A, Class C, | ||||||||
0.78%, 09/15/2025 | 1,725,000 | 1,694,616 | ||||||
Ford Credit Auto Owner Trust | ||||||||
Series 2018-2, Class A, | ||||||||
3.47%, 01/15/2030 (A) | 20,000,000 | 19,839,542 | ||||||
Series 2019-1, Class A, | ||||||||
3.52%, 07/15/2030 (A) | 8,000,000 | 7,875,318 | ||||||
Series 2019-C, Class B, | ||||||||
2.13%, 05/15/2025 | 2,130,000 | 2,083,015 | ||||||
Series 2020-1, Class C, | ||||||||
2.54%, 08/15/2031 (A) | 1,135,000 | 1,041,035 | ||||||
Series 2022-A, Class C, | ||||||||
2.14%, 07/15/2029 | 1,625,000 | 1,507,600 | ||||||
GMF Floorplan Owner Revolving Trust | ||||||||
Series 2020-1, Class B, | ||||||||
1.03%, 08/15/2025 (A) | 715,000 | 697,139 | ||||||
Series 2020-2, Class C, | ||||||||
1.31%, 10/15/2025 (A) | 1,860,000 | 1,794,182 | ||||||
Hilton Grand Vacations Trust | ||||||||
Class A, Series 2022-2A, | ||||||||
4.30%, 01/25/2037 (A) | 7,347,552 | 7,147,518 | ||||||
Series 2018-AA, Class A, | ||||||||
3.54%, 02/25/2032 (A) | 269,411 | 260,755 | ||||||
Series 2019-AA, Class A, | ||||||||
2.34%, 07/25/2033 (A) | 3,161,429 | 2,975,839 | ||||||
Series 2020-AA, Class A, | ||||||||
2.74%, 02/25/2039 (A) | 2,864,028 | 2,718,448 | ||||||
Honda Auto Receivables Owner Trust | ||||||||
Series 2022-2, Class A2, | ||||||||
3.81%, 03/18/2025 | 6,475,000 | 6,416,144 | ||||||
HPEFS Equipment Trust | ||||||||
Series 2022-1A, Class C, | ||||||||
1.96%, 05/21/2029 (A) | 1,100,000 | 1,032,065 | ||||||
Hyundai Auto Receivables Trust | ||||||||
Series 2021-A, Class C, | ||||||||
1.33%, 11/15/2027 | 1,350,000 | 1,218,853 | ||||||
Series 2021-B, Class A3, | ||||||||
0.38%, 01/15/2026 | 20,000,000 | 19,216,350 | ||||||
Marathon Static CLO Ltd. | ||||||||
Series 2022-18A, Class A1, | ||||||||
3-Month Term SOFR + 2.22%, | 6,772,285 | 6,747,647 | ||||||
Mill City Mortgage Loan Trust | ||||||||
Series 2017-3, Class A1, | ||||||||
2.75% (B), 01/25/2061 (A) | 2,647,502 | 2,565,891 | ||||||
MVW LLC | ||||||||
Series 2019-2A, Class A, | ||||||||
2.22%, 10/20/2038 (A) | 488,779 | 459,842 | ||||||
Series 2019-2A, Class B, | ||||||||
2.44%, 10/20/2038 (A) | 2,572,520 | 2,401,154 | ||||||
Series 2020-1A, Class A, | ||||||||
1.74%, 10/20/2037 (A) | 2,995,359 | 2,770,287 | ||||||
Series 2021-1WA, Class B, | ||||||||
1.44%, 01/22/2041 (A) | 3,602,066 | 3,287,722 | ||||||
Transamerica Funds | Page 1 |
Transamerica Short-Term Bond
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2023
(unaudited)
| Principal | Value | |||||||
| ASSET-BACKED SECURITIES (continued) | ||||||||
MVW Owner Trust | ||||||||
Series 2017-1A, Class A, | ||||||||
2.42%, 12/20/2034 (A) | $ 178,433 | $ 174,912 | ||||||
Series 2019-1A, Class A, | ||||||||
2.89%, 11/20/2036 (A) | 3,081,270 | 2,927,816 | ||||||
New Residential Advance Receivables Trust | ||||||||
Series 2020-T1, Class AT1, | ||||||||
1.43%, 08/15/2053 (A) | 19,567,000 | 18,969,972 | ||||||
Series 2020-T1, Class CT1, | ||||||||
2.27%, 08/15/2053 (A) | 1,780,000 | 1,720,908 | ||||||
NRZ Advance Receivables Trust | ||||||||
Series 2020-T2, Class AT2, | ||||||||
1.48%, 09/15/2053 (A) | 15,000,000 | 14,519,596 | ||||||
Orange Lake Timeshare Trust | ||||||||
Series 2016-A, Class A, | ||||||||
2.61%, 03/08/2029 (A) | 1,733,526 | 1,667,775 | ||||||
Series 2018-A, Class C, | ||||||||
3.74%, 11/08/2030 (A) | 1,290,764 | 1,248,084 | ||||||
Series 2019-A, Class C, | ||||||||
3.61%, 04/09/2038 (A) | 2,571,676 | 2,442,612 | ||||||
PennantPark CLO III Ltd. | ||||||||
Series 2021-3A, Class A1, | ||||||||
3-Month LIBOR + 1.62%, | 15,000,000 | 14,688,630 | ||||||
PFS Financing Corp. | ||||||||
Series 2021-A, Class A, | ||||||||
0.71%, 04/15/2026 (A) | 900,000 | 852,349 | ||||||
Santander Drive Auto Receivables Trust | ||||||||
Class A2, Series 2022-5, | ||||||||
3.98%, 01/15/2025 | 6,157,844 | 6,134,847 | ||||||
Series 2020-2, Class D, | ||||||||
2.22%, 09/15/2026 | 10,000,000 | 9,774,158 | ||||||
Series 2021-2, Class D, | ||||||||
1.35%, 07/15/2027 | 6,900,000 | 6,487,584 | ||||||
Sierra Timeshare Receivables Funding LLC | ||||||||
Class A, Series 2022-3A, | ||||||||
5.83%, 07/20/2039 (A) | 12,791,072 | 13,033,973 | ||||||
Series 2018-2A, Class A, | ||||||||
3.50%, 06/20/2035 (A) | 149,364 | 146,618 | ||||||
Series 2018-3A, Class A, | ||||||||
3.69%, 09/20/2035 (A) | 1,054,349 | 1,045,184 | ||||||
Series 2018-3A, Class D, | ||||||||
5.20%, 09/20/2035 (A) | 1,030,626 | 997,834 | ||||||
Series 2020-2A, Class A, | ||||||||
1.33%, 07/20/2037 (A) | 2,384,375 | 2,252,871 | ||||||
Series 2020-2A, Class C, | ||||||||
3.51%, 07/20/2037 (A) | 2,086,328 | 1,979,326 | ||||||
Series 2021-1A, Class B, | ||||||||
1.34%, 11/20/2037 (A) | 4,926,896 | 4,550,555 | ||||||
TICP CLO III-2 Ltd. | ||||||||
Series 2018-3R, Class B, | ||||||||
3-Month LIBOR + 1.35%, | 10,000,000 | 9,929,870 | ||||||
Towd Point Mortgage Trust | ||||||||
Series 2016-5, Class A1, | ||||||||
2.50% (B), 10/25/2056 (A) | 1,022,773 | 1,006,170 | ||||||
Series 2017-2, Class A1, | ||||||||
2.75% (B), 04/25/2057 (A) | 624,054 | 616,564 | ||||||
Series 2017-3, Class A1, | ||||||||
2.75% (B), 07/25/2057 (A) | 1,896,300 | 1,846,266 | ||||||
Series 2017-4, Class A1, | ||||||||
2.75% (B), 06/25/2057 (A) | 3,222,787 | 3,073,620 | ||||||
Series 2017-6, Class A1, | ||||||||
2.75% (B), 10/25/2057 (A) | 5,345,121 | 5,105,627 | ||||||
| Principal | Value | |||||||
| ASSET-BACKED SECURITIES (continued) | ||||||||
Towd Point Mortgage Trust (continued) | ||||||||
Series 2018-1, Class A1, | ||||||||
3.00% (B), 01/25/2058 (A) | $ 2,922,983 | $ 2,828,872 | ||||||
Series 2018-2, Class A1, | ||||||||
3.25% (B), 03/25/2058 (A) | 8,407,388 | 8,100,463 | ||||||
Series 2018-3, Class A1, | ||||||||
3.75% (B), 05/25/2058 (A) | 3,538,472 | 3,396,411 | ||||||
Series 2018-4, Class A1, | ||||||||
3.00% (B), 06/25/2058 (A) | 7,645,047 | 7,119,898 | ||||||
Series 2020-4, Class A1, | ||||||||
1.75%, 10/25/2060 (A) | 10,237,715 | 9,171,658 | ||||||
Toyota Auto Receivables Owner Trust | ||||||||
Class A2A, Series 2022-C, | ||||||||
3.83%, 08/15/2025 | 12,251,000 | 12,141,300 | ||||||
Trafigura Securitisation Finance PLC | ||||||||
Series 2021-1A, Class A2, | ||||||||
1.08%, 01/15/2025 (A) | 7,270,000 | 6,593,461 | ||||||
Verizon Master Trust | ||||||||
Series 2021-1, Class C, | ||||||||
0.89%, 05/20/2027 | 950,000 | 891,920 | ||||||
Series 2022-1, Class C, | ||||||||
1.39% (B), 01/20/2027 | 1,250,000 | 1,222,896 | ||||||
Verizon Owner Trust | ||||||||
Series 2020-A, Class C, | ||||||||
2.06%, 07/22/2024 | 450,000 | 445,496 | ||||||
Series 2020-B, Class C, | ||||||||
0.83%, 02/20/2025 | 1,000,000 | 963,153 | ||||||
Volvo Financial Equipment LLC | ||||||||
Series 2019-2A, Class B, | ||||||||
2.28%, 11/15/2024 (A) | 930,000 | 912,213 | ||||||
VSE VOI Mortgage LLC | ||||||||
Series 2017-A, Class A, | ||||||||
2.33%, 03/20/2035 (A) | 4,722,521 | 4,547,796 | ||||||
Welk Resorts LLC | ||||||||
Series 2017-AA, Class A, | ||||||||
2.82%, 06/15/2033 (A) | 1,317,383 | 1,311,538 | ||||||
Wellfleet CLO Ltd. | ||||||||
Series 2015-1A, Class BR4, | ||||||||
3-Month LIBOR + 1.55%, | 10,000,000 | 9,787,840 | ||||||
Series 2016-1A, Class BR, | ||||||||
3-Month LIBOR + 1.50%, | 15,000,000 | 14,759,280 | ||||||
Series 2017-2A, Class A2R, | ||||||||
3-Month LIBOR + 1.62%, | 15,000,000 | 14,699,745 | ||||||
World Omni Auto Receivables Trust | ||||||||
Series 2019-B, Class B, | ||||||||
2.86%, 06/16/2025 | 625,000 | 620,510 | ||||||
World Omni Select Auto Trust | ||||||||
Series 2021-A, Class C, | ||||||||
1.09%, 11/15/2027 | 1,515,000 | 1,384,823 | ||||||
|
| |||||||
Total Asset-Backed Securities |
| 464,092,374 | ||||||
|
| |||||||
| CORPORATE DEBT SECURITIES - 66.4% | ||||||||
| Aerospace & Defense - 0.7% | ||||||||
Boeing Co. | ||||||||
1.43%, 02/04/2024 | 6,940,000 | 6,688,683 | ||||||
1.95%, 02/01/2024 | 8,089,000 | 7,844,347 | ||||||
Huntington Ingalls Industries, Inc. | ||||||||
0.67%, 08/16/2023 | 9,907,000 | 9,672,420 | ||||||
|
| |||||||
| 24,205,450 | ||||||||
|
| |||||||
| Air Freight & Logistics - 0.6% | ||||||||
GXO Logistics, Inc. | ||||||||
1.65%, 07/15/2026 | 26,130,000 | 22,682,094 | ||||||
|
| |||||||
Transamerica Funds | Page 2 |
Transamerica Short-Term Bond
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2023
(unaudited)
| Principal | Value | |||||||
| CORPORATE DEBT SECURITIES (continued) | ||||||||
| Airlines - 0.6% | ||||||||
Delta Air Lines Pass-Through Trust | ||||||||
3.20%, 10/25/2025 | $ 5,043,000 | $ 4,989,093 | ||||||
Delta Air Lines, Inc. | ||||||||
3.80%, 04/19/2023 (C) | 2,184,000 | 2,173,194 | ||||||
Southwest Airlines Co. | ||||||||
5.25%, 05/04/2025 | 13,145,000 | 13,226,420 | ||||||
US Airways Pass-Through Trust | ||||||||
3.95%, 05/15/2027 | 3,395,307 | 3,143,649 | ||||||
|
| |||||||
| 23,532,356 | ||||||||
|
| |||||||
| Auto Components - 0.7% | ||||||||
Aptiv PLC / Aptiv Corp. | ||||||||
2.40%, 02/18/2025 | 6,979,000 | 6,655,660 | ||||||
BorgWarner, Inc. | ||||||||
5.00%, 10/01/2025 (A) | 20,550,000 | 20,379,780 | ||||||
|
| |||||||
| 27,035,440 | ||||||||
|
| |||||||
| Automobiles - 0.7% | ||||||||
General Motors Financial Co., Inc. | ||||||||
6.00%, 01/09/2028 | 10,925,000 | 11,215,168 | ||||||
Stellantis Finance US, Inc. | ||||||||
5.63%, 01/12/2028 (A) (C) | 15,076,000 | 15,431,933 | ||||||
|
| |||||||
| 26,647,101 | ||||||||
|
| |||||||
| Banks - 15.6% | ||||||||
Banco Santander SA | ||||||||
3.85%, 04/12/2023 | 4,600,000 | 4,585,057 | ||||||
Fixed until 03/24/2027, | 7,000,000 | 6,659,590 | ||||||
5.15%, 08/18/2025 | 15,000,000 | 14,997,585 | ||||||
Bank of America Corp. | ||||||||
Fixed until 03/11/2026, | 27,653,000 | 24,943,408 | ||||||
Fixed until 02/13/2025, | 2,485,000 | 2,331,368 | ||||||
Fixed until 03/05/2023, | 19,940,000 | 19,908,667 | ||||||
Bank of Montreal | ||||||||
2.65%, 03/08/2027 (C) | 1,220,000 | 1,133,444 | ||||||
Bank of Nova Scotia | ||||||||
4.75%, 02/02/2026 | 20,000,000 | 19,965,839 | ||||||
Banque Federative du Credit Mutuel SA | ||||||||
4.94%, 01/26/2026 (A) | 20,000,000 | 19,963,000 | ||||||
Barclays PLC | ||||||||
3-Month LIBOR + 1.38%, | 2,000,000 | 2,003,388 | ||||||
Fixed until 11/02/2025, | 25,592,000 | 26,852,433 | ||||||
BNP Paribas SA | ||||||||
Fixed until 06/09/2025, | 13,388,000 | 12,475,232 | ||||||
BPCE SA | ||||||||
5.15%, 07/21/2024 (A) | 15,364,000 | 15,195,224 | ||||||
CaixaBank SA | ||||||||
Fixed until 01/18/2028, | 15,000,000 | 15,188,136 | ||||||
Citigroup, Inc. | ||||||||
Fixed until 05/24/2027, | 17,575,000 | 17,365,260 | ||||||
3-Month LIBOR + 1.02%, | 14,675,000 | 14,703,044 | ||||||
Commerzbank AG | ||||||||
8.13%, 09/19/2023 (A) | 8,000,000 | 8,073,352 | ||||||
| Principal | Value | |||||||
| CORPORATE DEBT SECURITIES (continued) | ||||||||
| Banks (continued) | ||||||||
Cooperatieve Rabobank UA | ||||||||
2.63%, 07/22/2024 (A) (C) | $ 8,117,000 | $ 7,852,345 | ||||||
Credit Agricole SA | ||||||||
4.38%, 03/17/2025 (A) | 7,474,000 | 7,300,215 | ||||||
Danske Bank AS | ||||||||
Fixed until 09/10/2024, | 8,929,000 | 8,221,471 | ||||||
Fixed until 06/22/2023, | 10,675,000 | 10,132,118 | ||||||
DNB Bank ASA | ||||||||
Fixed until 03/28/2024, | 1,140,000 | 1,105,004 | ||||||
Fifth Third Bancorp | ||||||||
3.65%, 01/25/2024 | 10,000,000 | 9,877,300 | ||||||
First-Citizens Bank & Trust Co. | ||||||||
Fixed until 09/27/2024, | 5,623,000 | 5,373,276 | ||||||
HSBC Holdings PLC | ||||||||
Fixed until 08/17/2023, | 11,000,000 | 10,705,663 | ||||||
Fixed until 03/10/2025, | 1,320,000 | 1,256,507 | ||||||
3-Month LIBOR + 1.00%, | 10,000,000 | 10,009,770 | ||||||
Fixed until 11/03/2025, | 10,000,000 | 10,549,049 | ||||||
Intesa Sanpaolo SpA | ||||||||
3.25%, 09/23/2024 (A) | 8,929,000 | 8,533,728 | ||||||
7.00%, 11/21/2025 (A) | 3,738,000 | 3,852,700 | ||||||
JPMorgan Chase & Co. | ||||||||
Fixed until 06/23/2024, | 1,260,000 | 1,186,826 | ||||||
Fixed until 09/22/2026, | 1,170,000 | 1,034,828 | ||||||
Fixed until 04/22/2025, | 16,588,000 | 15,571,128 | ||||||
Fixed until 07/23/2023, | 7,853,000 | 7,799,719 | ||||||
7.75%, 07/15/2025 | 5,982,000 | 6,444,292 | ||||||
Lloyds Banking Group PLC | ||||||||
Fixed until 05/11/2023, | 10,000,000 | 9,857,648 | ||||||
4.50%, 11/04/2024 | 8,718,000 | 8,629,254 | ||||||
NatWest Group PLC | ||||||||
Fixed until 03/22/2024, | 1,250,000 | 1,233,567 | ||||||
Fixed until 11/10/2025, | 10,930,000 | 11,555,490 | ||||||
PNC Bank NA | ||||||||
2.50%, 08/27/2024 | 1,770,000 | 1,709,066 | ||||||
3.88%, 04/10/2025 | 11,750,000 | 11,509,805 | ||||||
PNC Financial Services Group, Inc. | ||||||||
Fixed until 01/26/2026, | 19,148,000 | 19,150,913 | ||||||
Santander UK Group Holdings PLC | ||||||||
4.75%, 09/15/2025 (A) | 1,913,000 | 1,862,468 | ||||||
Fixed until 11/21/2025, | 10,000,000 | 10,343,472 | ||||||
Santander UK PLC | ||||||||
5.00%, 11/07/2023 (A) | 8,117,000 | 8,040,619 | ||||||
Skandinaviska Enskilda Banken AB | ||||||||
0.65%, 09/09/2024 (A) | 22,000,000 | 20,554,600 | ||||||
Transamerica Funds | Page 3 |
Transamerica Short-Term Bond
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2023
(unaudited)
| Principal | Value | |||||||
| CORPORATE DEBT SECURITIES (continued) | ||||||||
| Banks (continued) | ||||||||
Standard Chartered PLC | ||||||||
Fixed until 11/23/2024, | $ 5,500,000 | $ 5,109,542 | ||||||
State Street Corp. | ||||||||
Fixed until 01/26/2025, | 19,881,000 | 19,945,283 | ||||||
Sumitomo Mitsui Financial Group, Inc. | ||||||||
3-Month SOFR + 0.88%, | 1,445,000 | 1,420,865 | ||||||
Sumitomo Mitsui Trust Bank Ltd. | ||||||||
0.80%, 09/12/2023 (A) | 1,075,000 | 1,047,301 | ||||||
Swedbank AB | ||||||||
5.34%, 09/20/2027 (A) | 21,078,000 | 21,294,916 | ||||||
UniCredit SpA | ||||||||
Fixed until 09/22/2025, | 7,212,000 | 6,539,100 | ||||||
US Bancorp | ||||||||
Fixed until 10/21/2025, | 19,865,000 | 20,399,440 | ||||||
Wells Fargo & Co. | ||||||||
Fixed until 04/30/2025, | 1,470,000 | 1,382,233 | ||||||
Fixed until 10/30/2024, | 32,619,000 | 31,127,493 | ||||||
Fixed until 03/24/2027, | 5,989,000 | 5,685,695 | ||||||
|
| |||||||
| 571,548,736 | ||||||||
|
| |||||||
| Beverages - 1.9% | ||||||||
Constellation Brands, Inc. | ||||||||
3.60%, 05/09/2024 | 20,957,000 | 20,651,855 | ||||||
5.00%, 02/02/2026 | 6,979,000 | 6,983,191 | ||||||
Heineken NV | ||||||||
2.75%, 04/01/2023 (A) | 21,000,000 | 20,911,876 | ||||||
Keurig Dr. Pepper, Inc. | ||||||||
4.42%, 05/25/2025 | 21,739,000 | 21,562,830 | ||||||
|
| |||||||
| 70,109,752 | ||||||||
|
| |||||||
| Biotechnology - 0.6% | ||||||||
AbbVie, Inc. | ||||||||
3.80%, 03/15/2025 | 21,046,000 | 20,632,742 | ||||||
|
| |||||||
| Building Products - 0.8% | ||||||||
Carlisle Cos., Inc. | ||||||||
0.55%, 09/01/2023 | 6,980,000 | 6,798,751 | ||||||
Owens Corning | ||||||||
4.20%, 12/01/2024 | 21,046,000 | 20,669,262 | ||||||
|
| |||||||
| 27,468,013 | ||||||||
|
| |||||||
| Capital Markets - 5.6% | ||||||||
Ameriprise Financial, Inc. | ||||||||
3.00%, 04/02/2025 | 1,579,000 | 1,523,810 | ||||||
Bank of New York Mellon Corp. | ||||||||
Fixed until 06/13/2024, | 20,000,000 | 19,653,735 | ||||||
Charles Schwab Corp. | ||||||||
3-Month SOFR Index + 1.05%, | 450,000 | 446,024 | ||||||
Credit Suisse AG | ||||||||
1.00%, 05/05/2023 | 1,095,000 | 1,081,921 | ||||||
3-Month SOFR Index + 0.39%, | 16,749,000 | 16,375,866 | ||||||
4.75%, 08/09/2024 | 10,000,000 | 9,708,689 | ||||||
6.50%, 08/08/2023 (A) | 4,434,000 | 4,362,613 | ||||||
| Principal | Value | |||||||
| CORPORATE DEBT SECURITIES (continued) | ||||||||
| Capital Markets (continued) | ||||||||
Deutsche Bank AG | ||||||||
Fixed until 09/18/2023, | $ 14,000,000 | $ 13,702,655 | ||||||
Fixed until 05/24/2023, | 11,279,000 | 11,000,684 | ||||||
Fixed until 01/18/2028, | 2,527,000 | 2,654,953 | ||||||
Goldman Sachs Group, Inc. | ||||||||
Fixed until 03/08/2023, | 14,955,000 | 14,856,919 | ||||||
Fixed until 02/24/2027, | 3,000,000 | 2,743,699 | ||||||
3-Month SOFR + 0.58%, | 16,824,000 | 16,799,437 | ||||||
Macquarie Group Ltd. | ||||||||
Fixed until 01/12/2026, | 12,137,000 | 10,774,648 | ||||||
Morgan Stanley | ||||||||
Fixed until 02/18/2025, | 1,500,000 | 1,424,751 | ||||||
Fixed until 07/22/2024, | 4,043,000 | 3,903,278 | ||||||
Fixed until 04/17/2024, | 13,958,000 | 13,701,929 | ||||||
Fixed until 07/17/2025, | 20,000,000 | 19,820,960 | ||||||
5.05% (B), 01/28/2027 | 11,000,000 | 11,028,074 | ||||||
Nomura Holdings, Inc. | ||||||||
5.10%, 07/03/2025 | 21,582,000 | 21,501,525 | ||||||
UBS Group AG | ||||||||
Fixed until 05/12/2025, | 6,800,000 | 6,688,576 | ||||||
|
| |||||||
| 203,754,746 | ||||||||
|
| |||||||
| Chemicals - 0.5% | ||||||||
LYB International Finance III LLC | ||||||||
1.25%, 10/01/2025 | 3,968,000 | 3,590,716 | ||||||
Syngenta Finance NV | ||||||||
4.44%, 04/24/2023 (A) | 10,000,000 | 9,970,394 | ||||||
Westlake Corp. | ||||||||
0.88%, 08/15/2024 | 3,953,000 | 3,699,914 | ||||||
|
| |||||||
| 17,261,024 | ||||||||
|
| |||||||
| Commercial Services & Supplies - 0.7% | ||||||||
Ashtead Capital, Inc. | ||||||||
1.50%, 08/12/2026 (A) | 7,199,000 | 6,329,088 | ||||||
Triton Container International Ltd. | ||||||||
0.80%, 08/01/2023 (A) | 21,712,000 | 21,094,882 | ||||||
|
| |||||||
| 27,423,970 | ||||||||
|
| |||||||
| Construction Materials - 0.2% | ||||||||
CRH America, Inc. | ||||||||
3.88%, 05/18/2025 (A) | 8,117,000 | 7,920,698 | ||||||
|
| |||||||
| Consumer Finance - 4.2% | ||||||||
Ally Financial, Inc. | ||||||||
5.75%, 11/20/2025 (C) | 16,948,000 | 16,833,728 | ||||||
American Express Co. | ||||||||
3.38%, 05/03/2024 | 18,230,000 | 17,911,510 | ||||||
3-Month SOFR Index + 0.65%, | 1,210,000 | 1,195,096 | ||||||
Capital One Financial Corp. | ||||||||
Fixed until 05/09/2024, | 20,936,000 | 20,589,175 | ||||||
Transamerica Funds | Page 4 |
Transamerica Short-Term Bond
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2023
(unaudited)
| Principal | Value | |||||||
| CORPORATE DEBT SECURITIES (continued) | ||||||||
| Consumer Finance (continued) | ||||||||
Ford Motor Credit Co. LLC | ||||||||
3.37%, 11/17/2023 | $ 5,000,000 | $ 4,908,415 | ||||||
3.38%, 11/13/2025 | 7,233,000 | 6,779,491 | ||||||
6.95%, 03/06/2026 | 11,000,000 | 11,251,790 | ||||||
General Motors Financial Co., Inc. | ||||||||
3-Month SOFR + 0.76%, | 14,954,000 | 14,848,904 | ||||||
3-Month SOFR + 1.20%, | 1,760,000 | 1,758,893 | ||||||
Hyundai Capital America | ||||||||
0.80%, 04/03/2023 - 01/08/2024 (A) | 24,933,000 | 24,426,510 | ||||||
Nissan Motor Acceptance Co. LLC | ||||||||
1.13%, 09/16/2024 (A) (C) | 12,140,000 | 11,250,167 | ||||||
Volkswagen Group of America Finance LLC | ||||||||
0.88%, 11/22/2023 (A) | 635,000 | 612,765 | ||||||
3.95%, 06/06/2025 (A) | 20,000,000 | 19,508,654 | ||||||
|
| |||||||
| 151,875,098 | ||||||||
|
| |||||||
| Containers & Packaging - 1.0% | ||||||||
Avery Dennison Corp. | ||||||||
0.85%, 08/15/2024 | 12,139,000 | 11,409,224 | ||||||
Berry Global, Inc. | ||||||||
0.95%, 02/15/2024 | 4,469,000 | 4,267,157 | ||||||
1.57%, 01/15/2026 | 4,046,000 | 3,653,566 | ||||||
4.88%, 07/15/2026 (A) | 8,091,000 | 7,880,634 | ||||||
Sonoco Products Co. | ||||||||
1.80%, 02/01/2025 | 8,699,000 | 8,147,425 | ||||||
|
| |||||||
| 35,358,006 | ||||||||
|
| |||||||
| Diversified Consumer Services - 0.4% | ||||||||
Nationwide Building Society | ||||||||
Fixed until 03/08/2023, | 6,821,000 | 6,804,152 | ||||||
3-Month SOFR + 1.29%, | 10,054,000 | 9,669,424 | ||||||
|
| |||||||
| 16,473,576 | ||||||||
|
| |||||||
| Diversified Financial Services - 1.7% | ||||||||
AerCap Ireland Capital DAC / AerCap Global Aviation Trust | ||||||||
1.65%, 10/29/2024 | 13,063,000 | 12,216,278 | ||||||
4.50%, 09/15/2023 | 235,000 | 233,706 | ||||||
Aviation Capital Group LLC | ||||||||
1.95%, 01/30/2026 (A) | 1,813,000 | 1,611,888 | ||||||
4.38%, 01/30/2024 (A) | 6,424,000 | 6,297,312 | ||||||
5.50%, 12/15/2024 (A) | 8,793,000 | 8,704,435 | ||||||
Corebridge Global Funding | ||||||||
0.65%, 06/17/2024 (A) | 8,902,000 | 8,403,486 | ||||||
Element Fleet Management Corp. | ||||||||
1.60%, 04/06/2024 (A) (C) | 12,043,000 | 11,482,689 | ||||||
3.85%, 06/15/2025 (A) | 7,068,000 | 6,754,444 | ||||||
Jackson Financial, Inc. | ||||||||
1.13%, 11/22/2023 | 8,360,000 | 8,091,259 | ||||||
|
| |||||||
| 63,795,497 | ||||||||
|
| |||||||
| Diversified Telecommunication Services - 0.2% | ||||||||
AT&T, Inc. | ||||||||
3-Month SOFR Index + 0.64%, | 6,928,000 | 6,928,339 | ||||||
3-Month LIBOR + 1.18%, | 1,770,000 | 1,788,787 | ||||||
|
| |||||||
| 8,717,126 | ||||||||
|
| |||||||
| Principal | Value | |||||||
| CORPORATE DEBT SECURITIES (continued) | ||||||||
| Electric Utilities - 3.8% | ||||||||
American Electric Power Co., Inc. | ||||||||
0.75%, 11/01/2023 | $ 9,842,000 | $ 9,531,514 | ||||||
Constellation Energy Generation LLC | ||||||||
3.25%, 06/01/2025 | 1,000,000 | 961,938 | ||||||
Edison International | ||||||||
4.95%, 04/15/2025 | 1,526,000 | 1,517,667 | ||||||
Enel Finance International NV | ||||||||
2.65%, 09/10/2024 (A) | 14,611,000 | 14,033,641 | ||||||
Entergy Louisiana LLC | ||||||||
0.95%, 10/01/2024 | 15,767,000 | 14,815,524 | ||||||
Evergy, Inc. | ||||||||
2.45%, 09/15/2024 | 9,388,000 | 8,988,217 | ||||||
Eversource Energy | ||||||||
4.20%, 06/27/2024 | 21,308,000 | 21,098,718 | ||||||
Georgia Power Co. | ||||||||
2.10%, 07/30/2023 | 7,441,000 | 7,334,791 | ||||||
Metropolitan Edison Co. | ||||||||
3.50%, 03/15/2023 (A) | 12,044,000 | 12,017,908 | ||||||
NextEra Energy Capital Holdings, Inc. | ||||||||
4.26%, 09/01/2024 | 10,428,000 | 10,336,778 | ||||||
3-Month SOFR Index + 0.54%, | 9,635,000 | 9,635,274 | ||||||
Oncor Electric Delivery Co. LLC | ||||||||
2.75%, 06/01/2024 | 10,771,000 | 10,495,455 | ||||||
Southern Co. | ||||||||
0.60%, 02/26/2024 | 9,968,000 | 9,522,245 | ||||||
Wisconsin Public Service Corp. | ||||||||
5.35%, 11/10/2025 | 6,953,000 | 7,070,192 | ||||||
|
| |||||||
| 137,359,862 | ||||||||
|
| |||||||
| Electrical Equipment - 0.4% | ||||||||
Regal Rexnord Corp. | ||||||||
6.05%, 02/15/2026 (A) | 14,898,000 | 15,122,828 | ||||||
|
| |||||||
| Equity Real Estate Investment Trusts - 2.0% | ||||||||
American Tower Corp. | ||||||||
2.40%, 03/15/2025 | 965,000 | 914,642 | ||||||
3.00%, 06/15/2023 | 17,032,000 | 16,899,180 | ||||||
HAT Holdings I LLC / HAT Holdings II LLC | ||||||||
3.38%, 06/15/2026 (A) | 11,215,000 | 9,953,313 | ||||||
Kimco Realty OP LLC | ||||||||
4.45%, 01/15/2024 | 850,000 | 840,775 | ||||||
National Retail Properties, Inc. | ||||||||
3.60%, 12/15/2026 | 7,606,000 | 7,238,646 | ||||||
Realty Income Corp. | ||||||||
5.05%, 01/13/2026 | 14,897,000 | 14,932,071 | ||||||
Simon Property Group LP | ||||||||
3.50%, 09/01/2025 | 1,425,000 | 1,382,870 | ||||||
3-Month SOFR Index + 0.43%, | 9,776,000 | 9,716,232 | ||||||
Ventas Realty LP | ||||||||
3.25%, 10/15/2026 | 8,903,000 | 8,373,207 | ||||||
3.85%, 04/01/2027 | 750,000 | 721,992 | ||||||
WEA Finance LLC / Westfield UK & Europe Finance PLC | ||||||||
3.75%, 09/17/2024 (A) | 1,340,000 | 1,277,532 | ||||||
|
| |||||||
| 72,250,460 | ||||||||
|
| |||||||
| Food & Staples Retailing - 0.1% | ||||||||
7-Eleven, Inc. | ||||||||
0.80%, 02/10/2024 (A) | 1,225,000 | 1,171,220 | ||||||
Albertsons Cos., Inc. / Safeway, Inc. / New Albertsons LP | ||||||||
3.50%, 02/15/2023 (A) | 3,984,000 | 3,974,040 | ||||||
|
| |||||||
| 5,145,260 | ||||||||
|
| |||||||
Transamerica Funds | Page 5 |
Transamerica Short-Term Bond
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2023
(unaudited)
| Principal | Value | |||||||
| CORPORATE DEBT SECURITIES (continued) | ||||||||
| Food Products - 0.5% | ||||||||
Bunge Ltd. Finance Corp. | ||||||||
1.63%, 08/17/2025 | $ 2,917,000 | $ 2,685,165 | ||||||
Cargill, Inc. | ||||||||
4.88%, 10/10/2025 (A) | 14,928,000 | 15,015,162 | ||||||
Mondelez International, Inc. | ||||||||
2.13%, 03/17/2024 | 1,120,000 | 1,087,483 | ||||||
|
| |||||||
| 18,787,810 | ||||||||
|
| |||||||
| Gas Utilities - 0.0% (D) | ||||||||
Atmos Energy Corp. | ||||||||
0.63%, 03/09/2023 | 705,000 | 702,086 | ||||||
|
| |||||||
| Health Care Equipment & Supplies - 0.7% | ||||||||
GE HealthCare Technologies, Inc. | ||||||||
5.65%, 11/15/2027 (A) | 15,000,000 | 15,509,514 | ||||||
Stryker Corp. | ||||||||
0.60%, 12/01/2023 | 8,974,000 | 8,651,873 | ||||||
|
| |||||||
| 24,161,387 | ||||||||
|
| |||||||
| Health Care Providers & Services - 1.5% | ||||||||
Cigna Corp. | ||||||||
0.61%, 03/15/2024 | 4,941,000 | 4,709,257 | ||||||
3.50%, 06/15/2024 | 250,000 | 245,571 | ||||||
CVS Health Corp. | ||||||||
2.63%, 08/15/2024 | 4,979,000 | 4,820,985 | ||||||
Elevance Health, Inc. | ||||||||
4.90%, 02/08/2026 | 14,632,000 | 14,643,643 | ||||||
HCA, Inc. | ||||||||
5.00%, 03/15/2024 | 12,128,000 | 12,096,576 | ||||||
Humana, Inc. | ||||||||
0.65%, 08/03/2023 | 10,700,000 | 10,463,089 | ||||||
Laboratory Corp. of America Holdings | ||||||||
2.30%, 12/01/2024 | 8,084,000 | 7,695,205 | ||||||
|
| |||||||
| 54,674,326 | ||||||||
|
| |||||||
| Hotels, Restaurants & Leisure - 1.4% | ||||||||
GLP Capital LP / GLP Financing II, Inc. | ||||||||
3.35%, 09/01/2024 | 3,636,000 | 3,509,394 | ||||||
Hyatt Hotels Corp. | ||||||||
1.30%, 10/01/2023 | 5,666,000 | 5,514,749 | ||||||
1.80%, 10/01/2024 | 12,708,000 | 12,043,713 | ||||||
Warnermedia Holdings, Inc. | ||||||||
3.43%, 03/15/2024 (A) | 21,892,000 | 21,421,246 | ||||||
3.53%, 03/15/2024 (A) | 9,554,000 | 9,325,814 | ||||||
|
| |||||||
| 51,814,916 | ||||||||
|
| |||||||
| Household Durables - 0.5% | ||||||||
Lennar Corp. | ||||||||
5.88%, 11/15/2024 | 17,738,000 | 17,918,308 | ||||||
|
| |||||||
| Insurance - 3.5% | ||||||||
Allied World Assurance Co. Holdings Ltd. | ||||||||
4.35%, 10/29/2025 | 14,369,000 | 13,886,833 | ||||||
Athene Global Funding | ||||||||
0.95%, 01/08/2024 (A) | 10,562,000 | 10,129,711 | ||||||
Brighthouse Financial Global Funding | ||||||||
1.00%, 04/12/2024 (A) | 12,138,000 | 11,494,443 | ||||||
Brown & Brown, Inc. | ||||||||
4.20%, 09/15/2024 | 9,820,000 | 9,677,418 | ||||||
Corebridge Financial, Inc. | ||||||||
3.50%, 04/04/2025 (A) | 21,248,000 | 20,525,470 | ||||||
Five Corners Funding Trust | ||||||||
4.42%, 11/15/2023 (A) | 7,131,000 | 7,080,013 | ||||||
| Principal | Value | |||||||
| CORPORATE DEBT SECURITIES (continued) | ||||||||
| Insurance (continued) | ||||||||
GA Global Funding Trust | ||||||||
0.80%, 09/13/2024 (A) | $ 18,547,000 | $ 17,136,551 | ||||||
Marsh & McLennan Cos., Inc. | ||||||||
3.88%, 03/15/2024 | 8,778,000 | 8,678,792 | ||||||
Met Tower Global Funding | ||||||||
3.70%, 06/13/2025 (A) | 21,000,000 | 20,427,064 | ||||||
Security Benefit Global Funding | ||||||||
1.25%, 05/17/2024 (A) | 8,092,000 | 7,646,760 | ||||||
|
| |||||||
| 126,683,055 | ||||||||
|
| |||||||
| IT Services - 0.5% | ||||||||
DXC Technology Co. | ||||||||
1.80%, 09/15/2026 | 5,398,000 | 4,767,167 | ||||||
Fiserv, Inc. | ||||||||
2.75%, 07/01/2024 | 10,943,000 | 10,594,814 | ||||||
3.20%, 07/01/2026 | 1,255,000 | 1,191,760 | ||||||
|
| |||||||
| 16,553,741 | ||||||||
|
| |||||||
| Leisure Products - 0.3% | ||||||||
Brunswick Corp. | ||||||||
0.85%, 08/18/2024 | 12,062,000 | 11,214,976 | ||||||
|
| |||||||
| Life Sciences Tools & Services - 0.0% (D) | ||||||||
Illumina, Inc. | ||||||||
0.55%, 03/23/2023 (C) | 995,000 | 989,057 | ||||||
Thermo Fisher Scientific, Inc. | ||||||||
3-Month SOFR Index + 0.53%, | 515,000 | 513,681 | ||||||
|
| |||||||
| 1,502,738 | ||||||||
|
| |||||||
| Machinery - 0.3% | ||||||||
Caterpillar Financial Services Corp. | ||||||||
3.65%, 08/12/2025 | 10,281,000 | 10,074,953 | ||||||
|
| |||||||
| Media - 1.0% | ||||||||
Charter Communications Operating LLC / Charter Communications Operating Capital | ||||||||
4.91%, 07/23/2025 | 13,356,000 | 13,276,332 | ||||||
DISH DBS Corp. | ||||||||
5.00%, 03/15/2023 | 10,484,000 | 10,463,867 | ||||||
DISH Network Corp. | ||||||||
11.75%, 11/15/2027 (A) | 9,933,000 | 10,323,367 | ||||||
Paramount Global | ||||||||
4.75%, 05/15/2025 | 1,609,000 | 1,595,783 | ||||||
|
| |||||||
| 35,659,349 | ||||||||
|
| |||||||
| Metals & Mining - 0.7% | ||||||||
Constellium SE | ||||||||
5.88%, 02/15/2026 (A) | 10,457,000 | 10,314,425 | ||||||
Freeport-McMoRan, Inc. | ||||||||
3.88%, 03/15/2023 | 12,178,000 | 12,136,595 | ||||||
4.55%, 11/14/2024 | 4,114,000 | 4,065,301 | ||||||
|
| |||||||
| 26,516,321 | ||||||||
|
| |||||||
| Mortgage Real Estate Investment Trusts - 0.1% | ||||||||
Starwood Property Trust, Inc. | ||||||||
3.75%, 12/31/2024 (A) | 3,490,000 | 3,314,357 | ||||||
|
| |||||||
| Multi-Utilities - 1.8% | ||||||||
Black Hills Corp. | ||||||||
1.04%, 08/23/2024 | 7,262,000 | 6,819,693 | ||||||
4.25%, 11/30/2023 | 9,898,000 | 9,835,958 | ||||||
Dominion Energy, Inc. | ||||||||
3-Month LIBOR + 0.53%, | 1,775,000 | 1,777,182 | ||||||
Transamerica Funds | Page 6 |
Transamerica Short-Term Bond
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2023
(unaudited)
| Principal | Value | |||||||
| CORPORATE DEBT SECURITIES (continued) | ||||||||
| Multi-Utilities (continued) | ||||||||
DTE Energy Co. | ||||||||
1.05%, 06/01/2025 | $ 1,425,000 | $ 1,304,281 | ||||||
2.53% (E), 10/01/2024 | 8,174,000 | 7,845,007 | ||||||
Duke Energy Corp. | ||||||||
5.00%, 12/08/2027 | 10,432,000 | 10,576,464 | ||||||
NiSource, Inc. | ||||||||
0.95%, 08/15/2025 | 12,136,000 | 11,054,026 | ||||||
WEC Energy Group, Inc. | ||||||||
4.75%, 01/15/2028 | 14,956,000 | 15,008,276 | ||||||
|
| |||||||
| 64,220,887 | ||||||||
|
| |||||||
| Oil, Gas & Consumable Fuels - 3.1% | ||||||||
Cheniere Corpus Christi Holdings LLC | ||||||||
5.13%, 06/30/2027 | 14,433,000 | 14,524,754 | ||||||
DCP Midstream Operating LP | ||||||||
5.38%, 07/15/2025 | 16,350,000 | 16,316,894 | ||||||
Energy Transfer LP | ||||||||
4.20%, 09/15/2023 | 4,042,000 | 4,011,377 | ||||||
4.75%, 01/15/2026 | 1,565,000 | 1,549,311 | ||||||
Eni SpA | ||||||||
4.00%, 09/12/2023 (A) | 8,629,000 | 8,567,775 | ||||||
EQT Corp. | ||||||||
5.68%, 10/01/2025 | 15,456,000 | 15,466,047 | ||||||
Kinder Morgan Energy Partners LP | ||||||||
4.30%, 05/01/2024 | 13,267,000 | 13,166,714 | ||||||
MPLX LP | ||||||||
4.88%, 12/01/2024 | 4,595,000 | 4,584,342 | ||||||
Phillips 66 | ||||||||
3.85%, 04/09/2025 | 8,940,000 | 8,803,820 | ||||||
Plains All American Pipeline LP / PAA Finance Corp. | ||||||||
3.60%, 11/01/2024 | 1,274,000 | 1,242,608 | ||||||
3.85%, 10/15/2023 | 6,324,000 | 6,260,529 | ||||||
4.65%, 10/15/2025 | 4,851,000 | 4,797,636 | ||||||
SA Global Sukuk Ltd. | ||||||||
0.95%, 06/17/2024 (A) | 3,000,000 | 2,838,600 | ||||||
Saudi Arabian Oil Co. | ||||||||
1.25%, 11/24/2023 (A) | 1,737,000 | 1,680,495 | ||||||
Williams Cos., Inc. | ||||||||
3.90%, 01/15/2025 | 990,000 | 969,222 | ||||||
4.55%, 06/24/2024 | 10,001,000 | 9,978,718 | ||||||
|
| |||||||
| 114,758,842 | ||||||||
|
| |||||||
| Personal Products - 0.5% | ||||||||
GSK Consumer Healthcare Capital UK PLC | ||||||||
3.13%, 03/24/2025 | 19,440,000 | 18,690,211 | ||||||
|
| |||||||
| Pharmaceuticals - 0.7% | ||||||||
AstraZeneca PLC | ||||||||
3-Month LIBOR + 0.67%, | 1,562,000 | 1,564,330 | ||||||
Royalty Pharma PLC | ||||||||
0.75%, 09/02/2023 | 22,105,000 | 21,546,503 | ||||||
Viatris, Inc. | ||||||||
1.65%, 06/22/2025 | 4,045,000 | 3,715,967 | ||||||
|
| |||||||
| 26,826,800 | ||||||||
|
| |||||||
| Professional Services - 0.4% | ||||||||
Equifax, Inc. | ||||||||
2.60%, 12/01/2024 | 6,652,000 | 6,376,910 | ||||||
5.10%, 12/15/2027 | 8,744,000 | 8,861,847 | ||||||
|
| |||||||
| 15,238,757 | ||||||||
|
| |||||||
| Road & Rail - 0.6% | ||||||||
Avolon Holdings Funding Ltd. | ||||||||
2.13%, 02/21/2026 (A) | 4,963,000 | 4,434,575 | ||||||
4.25%, 04/15/2026 (A) | 4,964,000 | 4,708,718 | ||||||
| Principal | Value | |||||||
| CORPORATE DEBT SECURITIES (continued) | ||||||||
| Road & Rail (continued) | ||||||||
Canadian Pacific Railway Co. | ||||||||
1.35%, 12/02/2024 | $ 10,978,000 | $ 10,312,198 | ||||||
Norfolk Southern Corp. | ||||||||
5.59%, 05/17/2025 | 1,432,000 | 1,457,688 | ||||||
NTT Finance Corp. | ||||||||
0.58%, 03/01/2024 (A) | 460,000 | 438,626 | ||||||
1.16%, 04/03/2026 (A) | 1,075,000 | 963,376 | ||||||
|
| |||||||
| 22,315,181 | ||||||||
|
| |||||||
| Semiconductors & Semiconductor Equipment - 0.6% | ||||||||
Microchip Technology, Inc. | ||||||||
0.97%, 02/15/2024 | 8,902,000 | 8,521,934 | ||||||
0.98%, 09/01/2024 | 8,324,000 | 7,791,684 | ||||||
Skyworks Solutions, Inc. | ||||||||
0.90%, 06/01/2023 (C) | 6,931,000 | 6,823,972 | ||||||
|
| |||||||
| 23,137,590 | ||||||||
|
| |||||||
| Software - 1.6% | ||||||||
Infor, Inc. | ||||||||
1.45%, 07/15/2023 (A) | 11,692,000 | 11,442,894 | ||||||
1.75%, 07/15/2025 (A) | 7,984,000 | 7,264,358 | ||||||
Oracle Corp. | ||||||||
2.50%, 04/01/2025 | 1,155,000 | 1,100,725 | ||||||
5.80%, 11/10/2025 | 14,901,000 | 15,308,669 | ||||||
Take-Two Interactive Software, Inc. | ||||||||
3.30%, 03/28/2024 | 14,954,000 | 14,652,155 | ||||||
VMware, Inc. | ||||||||
0.60%, 08/15/2023 | 7,743,000 | 7,567,152 | ||||||
|
| |||||||
| 57,335,953 | ||||||||
|
| |||||||
| Technology Hardware, Storage & Peripherals - 0.4% | ||||||||
Hewlett Packard Enterprise Co. | ||||||||
1.45%, 04/01/2024 | 9,113,000 | 8,754,791 | ||||||
4.45%, 10/02/2023 | 4,984,000 | 4,964,744 | ||||||
|
| |||||||
| 13,719,535 | ||||||||
|
| |||||||
| Tobacco - 0.9% | ||||||||
BAT Capital Corp. | ||||||||
3.22%, 08/15/2024 | 5,327,000 | 5,179,999 | ||||||
BAT International Finance PLC | ||||||||
1.67%, 03/25/2026 | 12,133,000 | 10,932,133 | ||||||
Philip Morris International, Inc. | ||||||||
5.13%, 11/15/2024 | 15,000,000 | 15,099,126 | ||||||
|
| |||||||
| 31,211,258 | ||||||||
|
| |||||||
| Transportation Infrastructure - 0.2% | ||||||||
Penske Truck Leasing Co. LP / PTL Finance Corp. | ||||||||
3.45%, 07/01/2024 (A) | 6,466,000 | 6,278,678 | ||||||
|
| |||||||
| Wireless Telecommunication Services - 1.6% | ||||||||
Rogers Communications, Inc. | ||||||||
2.95%, 03/15/2025 (A) | 18,227,000 | 17,494,567 | ||||||
3.00%, 03/15/2023 | 19,717,000 | 19,677,413 | ||||||
Sprint LLC | ||||||||
7.88%, 09/15/2023 | 2,975,000 | 3,019,378 | ||||||
T-Mobile USA, Inc. | ||||||||
2.25%, 02/15/2026 | 18,779,000 | 17,403,940 | ||||||
|
| |||||||
| 57,595,298 | ||||||||
|
| |||||||
Total Corporate Debt Securities |
| 2,427,227,148 | ||||||
|
| |||||||
Transamerica Funds | Page 7 |
Transamerica Short-Term Bond
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2023
(unaudited)
| Principal | Value | |||||||
| FOREIGN GOVERNMENT OBLIGATION - 0.1% | ||||||||
| Qatar - 0.1% | ||||||||
Qatar Government International Bonds | ||||||||
3.88%, 04/23/2023 (A) | $ 2,175,000 | $ 2,167,283 | ||||||
|
| |||||||
Total Foreign Government Obligation |
| 2,167,283 | ||||||
|
| |||||||
| MORTGAGE-BACKED SECURITIES - 10.4% | ||||||||
20 Times Square Trust | ||||||||
Series 2018-20TS, Class B, | ||||||||
3.10% (B), 05/15/2035 (A) | 3,000,000 | 2,918,467 | ||||||
Series 2018-20TS, Class C, | ||||||||
3.10% (B), 05/15/2035 (A) | 10,900,000 | 10,473,780 | ||||||
280 Park Avenue Mortgage Trust | ||||||||
Series 2017-280P, Class C, | ||||||||
1-Month LIBOR + 1.25%, | 16,000,000 | 15,115,805 | ||||||
AOA Mortgage Trust | ||||||||
Series 2021-1177, Class C, | ||||||||
1-Month LIBOR + 1.42%, | 9,300,000 | 8,514,308 | ||||||
Austin Fairmont Hotel Trust | ||||||||
Series 2019-FAIR, Class D, | ||||||||
1-Month LIBOR + 1.80%, | 2,000,000 | 1,924,658 | ||||||
BBCMS Mortgage Trust | ||||||||
Series 2017-DELC, Class C, | ||||||||
1-Month LIBOR + 1.33%, | 5,300,000 | 5,239,334 | ||||||
Series 2017-DELC, Class D, | ||||||||
1-Month LIBOR + 1.83%, | 15,254,000 | 15,004,800 | ||||||
Series 2017-DELC, Class E, | ||||||||
1-Month LIBOR + 2.63%, | 5,000,000 | 4,933,897 | ||||||
Series 2018-TALL, Class C, | ||||||||
1-Month LIBOR + 1.12%, | 11,015,000 | 9,313,208 | ||||||
Series 2018-TALL, Class E, | ||||||||
1-Month LIBOR + 2.44%, | 15,000,000 | 10,843,455 | ||||||
BX Commercial Mortgage Trust | ||||||||
Series 2019-XL, Class D, | ||||||||
1-Month Term SOFR + 1.56%, | 10,200,000 | 10,007,887 | ||||||
Series 2019-XL, Class F, | ||||||||
1-Month Term SOFR + 2.11%, | 1,555,500 | 1,520,344 | ||||||
Series 2020-VKNG, Class C, | ||||||||
1-Month Term SOFR + 1.51%, | 4,130,000 | 4,013,710 | ||||||
Series 2021-SOAR, Class D, | ||||||||
1-Month LIBOR + 1.40%, | 1,716,993 | 1,652,507 | ||||||
Series 2021-VOLT, Class C, | ||||||||
1-Month LIBOR + 1.10%, | 12,400,000 | 11,891,709 | ||||||
BX Trust | ||||||||
Series 2021-LGCY, Class D, | ||||||||
1-Month LIBOR + 1.30%, | 1,700,000 | 1,611,264 | ||||||
| Principal | Value | |||||||
| MORTGAGE-BACKED SECURITIES (continued) | ||||||||
BXP Trust | ||||||||
Series 2017-CQHP, Class D, | ||||||||
1-Month LIBOR + 2.00%, | $ 11,825,000 | $ 10,442,142 | ||||||
CAMB Commercial Mortgage Trust | ||||||||
Series 2019-LIFE, Class D, | ||||||||
1-Month LIBOR + 1.75%, | 9,760,000 | 9,597,687 | ||||||
CGDB Commercial Mortgage Trust | ||||||||
Series 2019-MOB, Class D, | ||||||||
1-Month LIBOR + 1.65%, | 2,210,000 | 2,124,014 | ||||||
CHC Commercial Mortgage Trust | ||||||||
Series 2019-CHC, Class D, | ||||||||
1-Month LIBOR + 2.05%, | 1,756,735 | 1,627,087 | ||||||
CIM Trust | ||||||||
Series 2021-R6, Class A1, | ||||||||
1.43% (B), 07/25/2061 (A) | 12,729,987 | 11,366,802 | ||||||
Citigroup Commercial Mortgage Trust | ||||||||
Series 2019-SMRT, Class B, | ||||||||
4.38%, 01/10/2036 (A) | 1,600,000 | 1,564,846 | ||||||
Citigroup Mortgage Loan Trust, Inc. | ||||||||
Series 2014-A, Class A, | ||||||||
4.00% (B), 01/25/2035 (A) | 1,282,251 | 1,204,385 | ||||||
Series 2018-RP1, Class A1, | ||||||||
3.00% (B), 09/25/2064 (A) | 3,104,576 | 2,960,989 | ||||||
CLNY Trust | ||||||||
Series 2019-IKPR, Class C, | ||||||||
1-Month LIBOR + 1.68%, | 5,000,000 | 4,686,904 | ||||||
CORE Mortgage Trust | ||||||||
Series 2019-CORE, Class C, | ||||||||
1-Month LIBOR + 1.30%, | 12,312,000 | 11,768,186 | ||||||
CSMC Trust | ||||||||
Series 2021-RPL2, Class A1A, | ||||||||
1.11% (B), 01/25/2060 (A) | 11,360,357 | 9,507,240 | ||||||
Series 2021-RPL3, Class A1, | ||||||||
2.00% (B), 01/25/2060 (A) | 6,431,863 | 5,635,111 | ||||||
Series 2021-RPL6, Class A1, | ||||||||
2.00% (B), 10/25/2060 (A) | 11,952,492 | 10,661,953 | ||||||
DBCG Mortgage Trust | ||||||||
Series 2017-BBG, Class B, | ||||||||
1-Month LIBOR + 0.85%, | 12,500,000 | 12,214,706 | ||||||
Series 2017-BBG, Class C, | ||||||||
1-Month LIBOR + 1.00%, | 2,500,000 | 2,424,537 | ||||||
DBGS Mortgage Trust | ||||||||
Series 2018-BIOD, Class E, | ||||||||
1-Month LIBOR + 1.70%, | 822,386 | 799,688 | ||||||
Fontainebleau Miami Beach Trust | ||||||||
Series 2019-FBLU, Class D, | ||||||||
3.96% (B), 12/10/2036 (A) | 15,000,000 | 14,116,818 | ||||||
Transamerica Funds | Page 8 |
Transamerica Short-Term Bond
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2023
(unaudited)
| Principal | Value | |||||||
| MORTGAGE-BACKED SECURITIES (continued) | ||||||||
Great Wolf Trust | ||||||||
Series 2019-WOLF, Class C, | ||||||||
1-Month Term SOFR + 1.75%, | $ 9,960,000 | $ 9,634,958 | ||||||
JPMorgan Chase Commercial Mortgage Securities Trust | ||||||||
Series 2020-ACE, Class A, | ||||||||
3.29%, 01/10/2037 (A) | 12,000,000 | 11,264,854 | ||||||
Series 2022-NLP, Class C, | ||||||||
1-Month Term SOFR + 1.48%, | 46,332 | 42,388 | ||||||
Metlife Securitization Trust | ||||||||
Series 2017-1A, Class A, | ||||||||
3.00% (B), 04/25/2055 (A) | 4,390,209 | 4,157,115 | ||||||
MFA Trust | ||||||||
Series 2021-RPL1, Class A1, | ||||||||
1.13% (B), 07/25/2060 (A) | 3,617,614 | 3,217,922 | ||||||
MHP Trust | ||||||||
Series 2021-STOR, Class C, | ||||||||
1-Month LIBOR + 1.05%, | 3,000,000 | 2,879,824 | ||||||
Series 2021-STOR, Class D, | ||||||||
1-Month LIBOR + 1.35%, | 5,000,000 | 4,787,190 | ||||||
Morgan Stanley Capital I Trust | ||||||||
Series 2019-BPR, Class B, | ||||||||
1-Month LIBOR + 2.35%, | 6,720,000 | 6,341,763 | ||||||
Series 2019-NUGS, Class B, | ||||||||
1-Month LIBOR + 1.30%, | 7,000,000 | 6,472,380 | ||||||
Series 2019-NUGS, Class C, | ||||||||
1-Month LIBOR + 1.50%, | 5,200,000 | 4,687,132 | ||||||
Mortgage Equity Conversion Asset Trust | ||||||||
Series 2010-1A, Class A, | ||||||||
4.00%, 07/25/2060 (A) | 2,746,519 | 2,477,945 | ||||||
MSCG Trust | ||||||||
Series 2018-SELF, Class D, | ||||||||
1-Month LIBOR + 1.65%, | 2,942,667 | 2,846,772 | ||||||
New Residential Mortgage Loan Trust | ||||||||
Series 2014-1A, Class A, | ||||||||
3.75% (B), 01/25/2054 (A) | 976,374 | 924,051 | ||||||
Series 2014-3A, Class AFX3, | ||||||||
3.75% (B), 11/25/2054 (A) | 1,253,845 | 1,167,335 | ||||||
Series 2016-4A, Class A1, | ||||||||
3.75% (B), 11/25/2056 (A) | 2,048,125 | 1,895,318 | ||||||
Series 2017-3A, Class A1, | ||||||||
4.00% (B), 04/25/2057 (A) | 3,472,778 | 3,308,478 | ||||||
Series 2017-4A, Class A1, | ||||||||
4.00% (B), 05/25/2057 (A) | 2,027,903 | 1,901,892 | ||||||
Series 2017-5A, Class A1, | ||||||||
1-Month LIBOR + 1.50%, | 2,045,533 | 2,015,421 | ||||||
Series 2018-1A, Class A1A, | ||||||||
4.00% (B), 12/25/2057 (A) | 2,307,248 | 2,202,388 | ||||||
Series 2018-2A, Class A1, | ||||||||
4.50% (B), 02/25/2058 (A) | 3,356,214 | 3,250,377 | ||||||
Series 2018-RPL1, Class A1, | ||||||||
3.50% (B), 12/25/2057 (A) | 2,042,915 | 1,950,399 | ||||||
Series 2019-2A, Class A1, | ||||||||
4.25% (B), 12/25/2057 (A) | 4,228,472 | 4,026,817 | ||||||
Series 2019-3A, Class A1A, | ||||||||
3.75% (B), 11/25/2058 (A) | 5,067,912 | 4,775,160 | ||||||
| Principal | Value | |||||||
| MORTGAGE-BACKED SECURITIES (continued) | ||||||||
New Residential Mortgage Loan Trust (continued) |
| |||||||
Series 2019-4A, Class A1B, | ||||||||
3.50% (B), 12/25/2058 (A) | $ 5,442,181 | $ 5,066,617 | ||||||
Series 2019-5A, Class A1B, | ||||||||
3.50% (B), 08/25/2059 (A) | 5,402,892 | 5,078,341 | ||||||
Series 2019-RPL2, Class A1, | ||||||||
3.25% (B), 02/25/2059 (A) | 9,040,077 | 8,595,078 | ||||||
RBSSP Resecuritization Trust | ||||||||
Series 2013-2, Class 2A1, | ||||||||
1-Month LIBOR + 0.19%, | 316,684 | 315,616 | ||||||
SFO Commercial Mortgage Trust | ||||||||
Series 2021-555, Class D, | ||||||||
1-Month LIBOR + 2.40%, | 9,900,000 | 8,513,662 | ||||||
Tharaldson Hotel Portfolio Trust | ||||||||
Series 2018-THL, Class C, | ||||||||
1-Month LIBOR + 1.65%, | 12,151,204 | 11,545,378 | ||||||
Towd Point Mortgage Trust | ||||||||
Series 2019-4, Class A1, | ||||||||
2.90% (B), 10/25/2059 (A) | 5,042,398 | 4,696,354 | ||||||
Series 2021-1, Class A1, | ||||||||
2.25% (B), 11/25/2061 (A) | 9,662,989 | 8,779,086 | ||||||
Series 2023-1, Class A1, | ||||||||
3.75%, 01/25/2063 (A) | 12,800,000 | 12,202,240 | ||||||
UBS-Barclays Commercial Mortgage Trust | ||||||||
Series 2013-C5, Class A4, | ||||||||
3.18%, 03/10/2046 | 3,546 | 3,546 | ||||||
|
| |||||||
Total Mortgage-Backed Securities |
| 378,706,025 | ||||||
|
| |||||||
| U.S. GOVERNMENT AGENCY OBLIGATIONS - 0.7% | ||||||||
Federal Home Loan Mortgage Corp. | ||||||||
12-Month LIBOR + 1.77%, | 281,327 | 278,776 | ||||||
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates | ||||||||
Series K040, Class A2, | ||||||||
3.24%, 09/25/2024 | 25,000,000 | 24,443,538 | ||||||
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates, Interest Only STRIPS | ||||||||
0.51% (B), 08/25/2031 | 268 | 9 | ||||||
0.72% (B), 12/25/2030 | 539 | 24 | ||||||
0.93% (B), 09/25/2030 | 4,781 | 264 | ||||||
1.04% (B), 06/25/2031 | 548 | 37 | ||||||
1.29% (B), 07/25/2026 | 21,406 | 776 | ||||||
Seasoned Loans Structured Transaction Trust | ||||||||
Series 2018-1, Class A1, | ||||||||
3.50%, 06/25/2028 | 515,027 | 496,626 | ||||||
|
| |||||||
Total U.S. Government Agency Obligations |
| 25,220,050 | ||||||
|
| |||||||
| U.S. GOVERNMENT OBLIGATIONS - 8.5% | ||||||||
| U.S. Treasury - 8.5% | ||||||||
U.S. Treasury Notes | ||||||||
2.25%, 11/15/2025 (C) | 71,144,000 | 67,978,647 | ||||||
2.88%, 06/15/2025 | 34,893,000 | 33,959,340 | ||||||
3.88%, 01/15/2026 - 11/30/2027 | 50,560,600 | 50,656,165 | ||||||
4.25%, 10/15/2025 | 157,282,000 | 158,314,163 | ||||||
|
| |||||||
Total U.S. Government Obligations |
| 310,908,315 | ||||||
|
| |||||||
Transamerica Funds | Page 9 |
Transamerica Short-Term Bond
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2023
(unaudited)
| Shares | Value | |||||||
| OTHER INVESTMENT COMPANY - 1.1% | ||||||||
| Securities Lending Collateral - 1.1% | ||||||||
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 4.30% (F) | 38,637,268 | $ 38,637,268 | ||||||
|
| |||||||
Total Other Investment Company |
| 38,637,268 | ||||||
|
| |||||||
| Principal | Value | |||||||
| REPURCHASE AGREEMENT - 2.6% | ||||||||
Fixed Income Clearing Corp., 1.80% (F), dated 01/31/2023, to be repurchased at $96,046,355 on 02/01/2023. Collateralized by a U.S. Government Obligation, 0.13%, due 07/15/2024, and with a value of $97,962,482. | $ 96,041,553 | 96,041,553 | ||||||
|
| |||||||
Total Repurchase Agreement |
| 96,041,553 | ||||||
|
| |||||||
Total Investments |
| 3,743,000,016 | ||||||
Net Other Assets (Liabilities) - (2.5)% | (90,470,327 | ) | ||||||
|
| |||||||
Net Assets - 100.0% | $ 3,652,529,689 | |||||||
|
| |||||||
FUTURES CONTRACTS:
Long Futures Contracts
Description | Number of Contracts | Expiration Date | Notional Amount | Value | Unrealized Appreciation | Unrealized Depreciation | ||||||||||||||||||||||||
2-Year U.S. Treasury Notes | 1,403 | 03/31/2023 | $ | 288,315,455 | $ | 288,524,759 | $ | 209,304 | $ | — | ||||||||||||||||||||
INVESTMENT VALUATION:
Valuation Inputs (G)
| Level 1 - Unadjusted Quoted Prices | Level 2 - Other Significant Observable Inputs | Level 3 - Significant Unobservable Inputs | Value | |||||||||||||
ASSETS |
| |||||||||||||||
Investments |
| |||||||||||||||
Asset-Backed Securities | $ | — | $ | 464,092,374 | $ | — | $ | 464,092,374 | ||||||||
Corporate Debt Securities | — | 2,427,227,148 | — | 2,427,227,148 | ||||||||||||
Foreign Government Obligation | — | 2,167,283 | — | 2,167,283 | ||||||||||||
Mortgage-Backed Securities | — | 378,706,025 | — | 378,706,025 | ||||||||||||
U.S. Government Agency Obligations | — | 25,220,050 | — | 25,220,050 | ||||||||||||
U.S. Government Obligations | — | 310,908,315 | — | 310,908,315 | ||||||||||||
Other Investment Company | 38,637,268 | — | — | 38,637,268 | ||||||||||||
Repurchase Agreement | — | 96,041,553 | — | 96,041,553 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | $ | 38,637,268 | $ | 3,704,362,748 | $ | — | $ | 3,743,000,016 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Other Financial Instruments |
| |||||||||||||||
Futures Contracts (H) | $ | 209,304 | $ | — | $ | — | $ | 209,304 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Total Other Financial Instruments | $ | 209,304 | $ | — | $ | — | $ | 209,304 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Transamerica Funds | Page 10 |
Transamerica Short-Term Bond
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2023
(unaudited)
FOOTNOTES TO SCHEDULE OF INVESTMENTS:
| (A) | Securities are exempt from registration pursuant to Rule 144A of the Securities Act of 1933. Securities may be resold as transactions exempt from registration, normally to qualified institutional buyers. At January 31, 2023, the total value of 144A securities is $1,460,934,605, representing 40.0% 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) | All or a portion of the securities are on loan. The total value of all securities on loan is $113,061,257, collateralized by cash collateral of $38,637,268 and non-cash collateral, such as U.S. government securities and irrevocable letters of credit, of $76,775,605. 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. | |
| (D) | Percentage rounds to less than 0.1% or (0.1)%. | |
| (E) | Step bond. Coupon rate changes in increments to maturity. The rate disclosed is as of January 31, 2023; the maturity date disclosed is the ultimate maturity date. | |
| (F) | Rates disclosed reflect the yields at January 31, 2023. | |
| (G) | 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. | |
| (H) | 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 |
Transamerica Funds | Page 11 |
Transamerica Short-Term Bond
NOTES TO SCHEDULE OF INVESTMENTS
At January 31, 2023
(unaudited)
INVESTMENT VALUATION
Transamerica Short-Term 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.
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.
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Transamerica Short-Term Bond
NOTES TO SCHEDULE OF INVESTMENTS (continued)
At January 31, 2023
(unaudited)
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.
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.
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