Transamerica Floating Rate
SCHEDULE OF INVESTMENTS
At July 31, 2023
(unaudited)
Principal | Value | |||||||
ASSET-BACKED SECURITIES - 1.1% | ||||||||
Palmer Square CLO Ltd. | ||||||||
Series 2015-2A, Class A1R2, | ||||||||
3-Month Term SOFR + 1.36%, | $ 788,348 | $ 786,558 | ||||||
TCW CLO Ltd. | ||||||||
Series 2018-1A, Class A1R, | ||||||||
3-Month LIBOR + 0.97%, | 946,716 | 940,836 | ||||||
Wellfleet CLO Ltd. | ||||||||
Series 2016-2A, Class A1R, | ||||||||
3-Month Term SOFR + 1.40%, | 293,455 | 292,628 | ||||||
|
| |||||||
Total Asset-Backed Securities |
| 2,020,022 | ||||||
|
| |||||||
CORPORATE DEBT SECURITIES - 5.3% | ||||||||
Commercial Services & Supplies - 0.5% | ||||||||
Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 SARL | ||||||||
4.63%, 06/01/2028 (B) | 1,150,000 | 977,122 | ||||||
|
| |||||||
Communications Equipment - 0.1% | ||||||||
CommScope, Inc. | ||||||||
6.00%, 03/01/2026 (B) | 250,000 | 229,390 | ||||||
|
| |||||||
Containers & Packaging - 0.3% | ||||||||
Pactiv Evergreen Group Issuer, Inc./Pactiv Evergreen Group Issuer LLC | ||||||||
4.00%, 10/15/2027 (B) | 500,000 | 450,295 | ||||||
|
| |||||||
Health Care Providers & Services - 0.5% | ||||||||
Tenet Healthcare Corp. | ||||||||
4.25%, 06/01/2029 | 769,000 | 689,022 | ||||||
4.63%, 06/15/2028 | 200,000 | 185,098 | ||||||
|
| |||||||
874,120 | ||||||||
|
| |||||||
Household Products - 0.2% | ||||||||
Kronos Acquisition Holdings, Inc./KIK Custom Products, Inc. | ||||||||
5.00%, 12/31/2026 (B) | 304,000 | 282,945 | ||||||
|
| |||||||
IT Services - 0.3% | ||||||||
Conduent Business Services LLC/Conduent State & Local Solutions, Inc. | ||||||||
6.00%, 11/01/2029 (B) | 750,000 | 630,000 | ||||||
|
| |||||||
Leisure Products - 0.5% | ||||||||
Ontario Gaming GTA LP | ||||||||
8.00%, 08/01/2030 (B) (C) | 1,000,000 | 1,010,000 | ||||||
|
| |||||||
Machinery - 0.6% | ||||||||
GrafTech Finance, Inc. | ||||||||
4.63%, 12/15/2028 (B) | 350,000 | 290,931 | ||||||
Madison IAQ LLC | ||||||||
4.13%, 06/30/2028 (B) | 523,000 | 465,730 | ||||||
Vertiv Group Corp. | ||||||||
4.13%, 11/15/2028 (B) | 395,000 | 354,570 | ||||||
|
| |||||||
1,111,231 | ||||||||
|
|
Principal | Value | |||||||
CORPORATE DEBT SECURITIES (continued) | ||||||||
Media - 1.0% | ||||||||
CSC Holdings LLC | ||||||||
5.38%, 02/01/2028 (B) | $ 750,000 | $ 626,294 | ||||||
LCPR Senior Secured Financing DAC | ||||||||
5.13%, 07/15/2029 (B) | 250,000 | 206,738 | ||||||
6.75%, 10/15/2027 (B) | 760,000 | 710,821 | ||||||
Univision Communications, Inc. | ||||||||
6.63%, 06/01/2027 (B) | 333,000 | 324,263 | ||||||
|
| |||||||
1,868,116 | ||||||||
|
| |||||||
Personal Care Products - 0.5% | ||||||||
Coty, Inc. | ||||||||
5.00%, 04/15/2026 (B) | 1,000,000 | 963,908 | ||||||
|
| |||||||
Pharmaceuticals - 0.1% | ||||||||
Organon & Co./Organon Foreign Debt Co-Issuer BV | ||||||||
4.13%, 04/30/2028 (B) | 250,000 | 224,036 | ||||||
|
| |||||||
Software - 0.4% | ||||||||
Helios Software Holdings, Inc./ION Corporate Solutions Finance SARL | ||||||||
4.63%, 05/01/2028 (B) | 950,000 | 822,554 | ||||||
|
| |||||||
Transportation Infrastructure - 0.2% | ||||||||
First Student Bidco, Inc./First Transit Parent, Inc. | ||||||||
4.00%, 07/31/2029 (B) | 500,000 | 423,662 | ||||||
|
| |||||||
Wireless Telecommunication Services - 0.1% | ||||||||
Altice France SA | ||||||||
5.50%, 01/15/2028 (B) | 250,000 | 183,402 | ||||||
|
| |||||||
Total Corporate Debt Securities |
| 10,050,781 | ||||||
|
| |||||||
LOAN ASSIGNMENTS - 88.1% | ||||||||
Automobile Components - 1.1% |
| |||||||
First Brands Group LLC | ||||||||
Term Loan, | ||||||||
6-Month Term SOFR + 5.00%, | 2,205,204 | 2,180,395 | ||||||
|
| |||||||
Banks - 0.1% |
| |||||||
FinCo I LLC | ||||||||
Term Loan, | ||||||||
TBD, 06/27/2029 (C) (D) | 150,000 | 149,250 | ||||||
|
| |||||||
Beverages - 0.4% |
| |||||||
Badger Buyer Corp. | ||||||||
Term Loan B, | ||||||||
1-Month LIBOR + 3.50%, | 424,540 | 316,282 | ||||||
Naked Juice LLC | ||||||||
Term Loan, | ||||||||
3-Month Term SOFR + 3.25%, | 495,000 | 465,863 | ||||||
|
| |||||||
782,145 | ||||||||
|
| |||||||
Broadline Retail - 0.1% |
| |||||||
Highline Aftermarket Acquisition LLC | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 4.50%, | 259,038 | 252,130 | ||||||
|
|
Transamerica Funds | Page 1 |
Transamerica Floating Rate
SCHEDULE OF INVESTMENTS (continued)
At July 31, 2023
(unaudited)
Principal | Value | |||||||
LOAN ASSIGNMENTS (continued) | ||||||||
Building Products - 1.9% |
| |||||||
ACProducts, Inc. | ||||||||
Term Loan B, | ||||||||
3-Month Term SOFR + 4.25%, | $ 639,481 | $ 547,556 | ||||||
Cornerstone Building Brands, Inc. | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 3.25%, | 1,406,618 | 1,356,727 | ||||||
Griffon Corp. | ||||||||
Term Loan B, | ||||||||
TBD, 01/24/2029 (C) (D) | 500,000 | 498,125 | ||||||
Tamko Building Products LLC | ||||||||
Term Loan B, | ||||||||
6-Month LIBOR + 3.00%, | 1,192,422 | 1,183,851 | ||||||
|
| |||||||
3,586,259 | ||||||||
|
| |||||||
Capital Markets - 0.8% |
| |||||||
Deerfield Dakota Holding LLC | ||||||||
Term Loan B, | ||||||||
3-Month Term SOFR + 3.75%, | 734,424 | 705,736 | ||||||
Victory Capital Holdings, Inc. | ||||||||
Term Loan B, | ||||||||
3-Month Term SOFR + 2.25%, | 6,084 | 6,065 | ||||||
3-Month Term SOFR + 2.25%, | 742,574 | 739,171 | ||||||
|
| |||||||
1,450,972 | ||||||||
|
| |||||||
Chemicals - 0.8% |
| |||||||
LSF11 A5 Holdco LLC | ||||||||
Term Loan, | ||||||||
1-Month Term SOFR + 3.50%, | 473,235 | 466,728 | ||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 4.25%, | 500,000 | 496,250 | ||||||
SCIH Salt Holdings, Inc. | ||||||||
Term Loan B, | ||||||||
TBD, 03/16/2027 (C) (D) | 500,000 | 493,516 | ||||||
|
| |||||||
1,456,494 | ||||||||
|
| |||||||
Commercial Services & Supplies - 8.9% |
| |||||||
ADMI Corp. | ||||||||
Term Loan B2, | ||||||||
1-Month Term SOFR + 3.38%, | 439,875 | 415,498 | ||||||
Term Loan B3, | ||||||||
3-Month Term SOFR + 3.75%, | 391,991 | 372,228 | ||||||
APX Group, Inc. | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 3.25%, Prime Rate + 2.25%, 8.62% - 10.75% (A), 07/10/2028 | 994,937 | 993,278 | ||||||
Asurion LLC | ||||||||
Term Loan B10, | ||||||||
1-Month Term SOFR + 4.00%, | 496,250 | 474,849 | ||||||
Term Loan B9, | ||||||||
3-Month LIBOR + 3.25%, | 1,077,700 | 1,028,530 |
Principal | Value | |||||||
LOAN ASSIGNMENTS (continued) | ||||||||
Commercial Services & Supplies (continued) |
| |||||||
BIFM CA Buyer, Inc. | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 3.50%, | $ 496,124 | $ 495,504 | ||||||
Corporation Service Co. | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 3.25%, | 573,000 | 573,286 | ||||||
Creative Artists Agency LLC | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 3.50%, | 1,097,250 | 1,091,536 | ||||||
Garda World Security Corp. | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 4.25%, | 1,500,000 | 1,496,250 | ||||||
GFL Environmental, Inc. | ||||||||
Term Loan, | ||||||||
1-Month Term SOFR + 3.00%, | 951,846 | 952,739 | ||||||
Jadex, Inc. | ||||||||
Term Loan, | ||||||||
1-Month LIBOR + 4.75%, | 723,201 | 653,141 | ||||||
Kingpin Intermediate Holdings LLC | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 3.50%, | 1,636,048 | 1,629,231 | ||||||
LRS Holdings LLC | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 4.25%, | 1,182,000 | 1,174,120 | ||||||
Prime Security Services Borrower LLC | ||||||||
Term Loan, | ||||||||
1-Month Term SOFR + 2.75%, | 1,496,598 | 1,493,792 | ||||||
Spin Holdco, Inc. | ||||||||
Term Loan, | ||||||||
3-Month LIBOR + 4.00%, | 947,603 | 796,578 | ||||||
TruGreen LP | ||||||||
Term Loan, | ||||||||
1-Month Term SOFR + 8.50%, | 955,178 | 887,122 | ||||||
VT Topco, Inc. | ||||||||
1st Lien Term Loan, | ||||||||
1-Month Term SOFR + 3.50%, | 653,249 | 650,799 | ||||||
Term Loan, | ||||||||
1-Month Term SOFR + 3.75%, | 790,285 | 787,075 | ||||||
WIN Waste Innovations Holdings, Inc. | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 2.75%, | 959,048 | 848,758 | ||||||
|
| |||||||
16,814,314 | ||||||||
|
|
Transamerica Funds | Page 2 |
Transamerica Floating Rate
SCHEDULE OF INVESTMENTS (continued)
At July 31, 2023
(unaudited)
Principal | Value | |||||||
LOAN ASSIGNMENTS (continued) | ||||||||
Communications Equipment - 1.1% |
| |||||||
Avaya, Inc. | ||||||||
Term Loan, | ||||||||
1-Month Term SOFR + 8.50%, | $ 1,180,296 | $ 995,383 | ||||||
CommScope, Inc. | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 3.25%, | 1,172,205 | 1,088,476 | ||||||
|
| |||||||
2,083,859 | ||||||||
|
| |||||||
Construction & Engineering - 2.8% |
| |||||||
Centuri Group, Inc. | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 2.50%, | 436,665 | 435,573 | ||||||
Legence Holdings LLC | ||||||||
Term Loan, | ||||||||
TBD, 12/16/2027 (C) (D) | 500,000 | 495,313 | ||||||
Osmose Utilities Services, Inc. | ||||||||
Term Loan, | ||||||||
1-Month Term SOFR + 3.25%, | 1,338,251 | 1,325,147 | ||||||
Pike Corp. | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 3.00%, | 1,865,614 | 1,861,649 | ||||||
VM Consolidated, Inc. | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 3.25%, | 1,209,927 | 1,210,835 | ||||||
|
| |||||||
5,328,517 | ||||||||
|
| |||||||
Construction Materials - 0.8% |
| |||||||
Quikrete Holdings, Inc. | ||||||||
1st Lien Term Loan, | ||||||||
1-Month Term SOFR + 2.63%, | 1,094,338 | 1,092,514 | ||||||
Term Loan B1, | ||||||||
1-Month Term SOFR + 3.00%, | 345,625 | 345,782 | ||||||
|
| |||||||
1,438,296 | ||||||||
|
| |||||||
Consumer Staples Distribution & Retail - 1.5% |
| |||||||
Quirch Foods Holdings LLC | ||||||||
Term Loan, | ||||||||
1-Month Term SOFR + 4.50%, | 977,311 | 953,489 | ||||||
Upfield BV | ||||||||
Term Loan B, | ||||||||
TBD, 01/31/2028 (C) (D) | 625,000 | 608,855 | ||||||
US Foods, Inc. | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 2.75%, | 1,202,500 | 1,202,846 | ||||||
|
| |||||||
2,765,190 | ||||||||
|
| |||||||
Containers & Packaging - 7.5% |
| |||||||
Altium Packaging LLC | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 2.75%, | 996,180 | 988,847 |
Principal | Value | |||||||
LOAN ASSIGNMENTS (continued) | ||||||||
Containers & Packaging (continued) | ||||||||
Anchor Glass Container Corp. | ||||||||
1st Lien Term Loan, | ||||||||
3-Month LIBOR + 2.75%, | $ 628,310 | $ 476,076 | ||||||
Berlin Packaging LLC | ||||||||
Term Loan B5, | ||||||||
1-Month LIBOR + 3.75%, 3-Month LIBOR + 3.75%, 8.96% - 9.29% (A), 03/11/2028 | 975,076 | 967,220 | ||||||
Canister International Group, Inc. | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 4.75%, | 1,216,083 | 1,215,779 | ||||||
Clydesdale Acquisition Holdings, Inc. | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 4.18%, | 1,435,500 | 1,420,839 | ||||||
Graham Packaging Co., Inc. | ||||||||
Term Loan, | ||||||||
1-Month Term SOFR + 3.00%, | 1,582,827 | 1,579,860 | ||||||
Klockner-Pentaplast of America, Inc. | ||||||||
Term Loan B, | ||||||||
6-Month Term SOFR + 4.73%, | 586,500 | 552,288 | ||||||
Plastipak Packaging, Inc. | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 2.50%, | 921,533 | 920,957 | ||||||
Plaze, Inc. | ||||||||
Term Loan, | ||||||||
1-Month Term SOFR + 3.75%, | 243,750 | 232,172 | ||||||
Pregis TopCo Corp. | ||||||||
1st Lien Term Loan, | ||||||||
1-Month Term SOFR + 3.75%, | 1,307,495 | 1,302,184 | ||||||
Term Loan, | ||||||||
1-Month Term SOFR + 3.75%, | 368,438 | 366,595 | ||||||
Proampac PG Borrower LLC | ||||||||
Term Loan, | ||||||||
3-Month Term SOFR + 3.75%, | 1,215,185 | 1,208,602 | ||||||
Reynolds Group Holdings, Inc. | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 3.25%, | 245,625 | 245,011 | ||||||
Term Loan B2, | ||||||||
1-Month Term SOFR + 3.25%, | 756,173 | 754,912 | ||||||
Tosca Services LLC | ||||||||
Term Loan, | ||||||||
3-Month Term SOFR + 3.50%, | 1,192,063 | 938,154 | ||||||
Trident TPI Holdings, Inc. | ||||||||
Term Loan, | ||||||||
3-Month LIBOR + 4.00%, | 982,453 | 974,623 | ||||||
|
| |||||||
14,144,119 | ||||||||
|
| |||||||
Diversified Consumer Services - 0.2% |
| |||||||
Pre-Paid Legal Services, Inc. | ||||||||
Term Loan, | ||||||||
1-Month Term SOFR + 3.75%, | 485,796 | 478,307 | ||||||
|
|
Transamerica Funds | Page 3 |
Transamerica Floating Rate
SCHEDULE OF INVESTMENTS (continued)
At July 31, 2023
(unaudited)
Principal | Value | |||||||
LOAN ASSIGNMENTS (continued) | ||||||||
Diversified Telecommunication Services - 0.7% |
| |||||||
CenturyLink, Inc. | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 2.25%, | $ 284,166 | $ 197,555 | ||||||
Global Tel*Link Corp. | ||||||||
1st Lien Term Loan, | ||||||||
3-Month Term SOFR + 4.25%, | 813,981 | 762,768 | ||||||
Zayo Group Holdings, Inc. | ||||||||
Term Loan, | ||||||||
1-Month Term SOFR + 3.00%, | 500,000 | 380,000 | ||||||
|
| |||||||
1,340,323 | ||||||||
|
| |||||||
Electrical Equipment - 0.9% |
| |||||||
C&D Technologies, Inc. | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 5.75%, | 529,767 | 510,784 | ||||||
Gates Global LLC | ||||||||
Term Loan B4, | ||||||||
1-Month Term SOFR + 3.50%, | 1,141,375 | 1,141,116 | ||||||
|
| |||||||
1,651,900 | ||||||||
|
| |||||||
Electronic Equipment, Instruments & Components - 2.0% |
| |||||||
Electro Rent Corp. | ||||||||
Term Loan, | ||||||||
3-Month Term SOFR + 5.50%, | 1,942,400 | 1,854,991 | ||||||
GoTo Group, Inc. | ||||||||
Term Loan B, | ||||||||
1-Month LIBOR + 4.75%, | 1,283,107 | 808,358 | ||||||
Roper Industrial Products Investment Co. LLC | ||||||||
Term Loan, | ||||||||
3-Month Term SOFR + 4.50%, | 1,047,375 | 1,046,066 | ||||||
|
| |||||||
3,709,415 | ||||||||
|
| |||||||
Financial Services - 1.6% |
| |||||||
AlixPartners LLP | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 2.75%, | 1,489,844 | 1,486,948 | ||||||
Arsenal AIC Parent LLC | ||||||||
Term Loan, | ||||||||
TBD, 07/26/2030 (C) (D) | 500,000 | 499,166 | ||||||
Avolon TLB Borrower 1 LLC | ||||||||
Term Loan B6, | ||||||||
1-Month Term SOFR + 2.50%, | 246,256 | 246,188 | ||||||
Castlelake Aviation Ltd. | ||||||||
Term Loan B, | ||||||||
3-Month LIBOR + 2.75%, | 710,595 | 709,595 |
Principal | Value | |||||||
LOAN ASSIGNMENTS (continued) | ||||||||
Financial Services (continued) | ||||||||
Fly Funding II SARL | ||||||||
Term Loan B, | ||||||||
3-Month LIBOR + 1.75%, | $ 93,946 | $ 88,920 | ||||||
NBG Acquisition, Inc. | ||||||||
Term Loan, | ||||||||
TBD, 04/26/2024 (C) (D) (F) (G) | 443,904 | 11,098 | ||||||
|
| |||||||
3,041,915 | ||||||||
|
| |||||||
Food Products - 3.4% |
| |||||||
8th Avenue Food & Provisions, Inc. | ||||||||
1st Lien Term Loan, | ||||||||
1-Month Term SOFR + 3.75%, | 846,616 | 783,120 | ||||||
Term Loan, | ||||||||
1-Month Term SOFR + 4.75%, | 491,250 | 454,815 | ||||||
B&G Foods, Inc. | ||||||||
Term Loan B4, | ||||||||
1-Month LIBOR + 2.50%, | 988,034 | 974,602 | ||||||
Chef’s Warehouse Leasing Co. LLC | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 4.75%, | 175,815 | 175,375 | ||||||
Del Monte Foods, Inc. | ||||||||
Term Loan, | ||||||||
1-Month Term SOFR + 4.25%, | 942,751 | 911,404 | ||||||
Hostess Brands LLC | ||||||||
Term Loan B, | ||||||||
3-Month Term SOFR + 2.50%, | 813,222 | 811,189 | ||||||
Nomad Foods Europe Midco Ltd. | ||||||||
Term Loan B, | ||||||||
6-Month Term SOFR + 3.75%, | 2,000,000 | 2,000,000 | ||||||
Shearer’s Foods, Inc. | ||||||||
Term Loan, | ||||||||
1-Month Term SOFR + 3.50%, | 415,116 | 411,113 | ||||||
|
| |||||||
6,521,618 | ||||||||
|
| |||||||
Ground Transportation - 0.6% |
| |||||||
Avis Budget Car Rental LLC | ||||||||
Term Loan C, | ||||||||
1-Month Term SOFR + 3.50%, | 1,224,400 | 1,223,252 | ||||||
|
| |||||||
Health Care Equipment & Supplies - 1.1% |
| |||||||
Bausch & Lomb Corp. | ||||||||
Term Loan, | ||||||||
3-Month Term SOFR + 3.25%, | 643,500 | 627,654 | ||||||
Carestream Dental Equipment, Inc. | ||||||||
1st Lien Term Loan, | ||||||||
3-Month LIBOR + 3.25%, | 389,155 | 339,149 |
Transamerica Funds | Page 4 |
Transamerica Floating Rate
SCHEDULE OF INVESTMENTS (continued)
At July 31, 2023
(unaudited)
Principal | Value | |||||||
LOAN ASSIGNMENTS (continued) | ||||||||
Health Care Equipment & Supplies (continued) | ||||||||
Medline Borrower LP | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 3.25%, | $ 952,938 | $ 942,693 | ||||||
YI LLC | ||||||||
1st Lien Term Loan, | ||||||||
1-Month Term SOFR + 4.00%, | 217,918 | 212,878 | ||||||
|
| |||||||
2,122,374 | ||||||||
|
| |||||||
Health Care Providers & Services - 4.8% | ||||||||
AHP Health Partners, Inc. | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 3.50%, | 1,379,015 | 1,377,636 | ||||||
Charlotte Buyer, Inc. | ||||||||
1st Lien Term Loan, | ||||||||
1-Month Term SOFR + 5.25%, | 1,293,500 | 1,266,337 | ||||||
Dermatology Intermediate Holdings III, Inc. | ||||||||
Delayed Draw Term Loan, | ||||||||
3-Month Term SOFR + 4.25%, | 156,203 | 154,836 | ||||||
Term Loan B, | ||||||||
3-Month Term SOFR + 4.25%, | 834,094 | 826,796 | ||||||
Elanco Animal Health, Inc. | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 1.75%, | 287,799 | 283,319 | ||||||
ICON Luxembourg SARL | ||||||||
Term Loan, | ||||||||
3-Month Term SOFR + 2.25%, | 328,226 | 328,020 | ||||||
Midwest Physician Administrative Services LLC | ||||||||
Term Loan, | ||||||||
3-Month LIBOR + 3.25%, | 614,729 | 545,316 | ||||||
Packaging Coordinators Midco, Inc. | ||||||||
1st Lien Term Loan, | ||||||||
3-Month Term SOFR + 3.50%, | 456,477 | 452,055 | ||||||
PetVet Care Centers LLC | ||||||||
Term Loan B3, | ||||||||
1-Month LIBOR + 3.50%, | 601,247 | 586,591 | ||||||
Quorum Health Corp. | ||||||||
Term Loan, | ||||||||
3-Month LIBOR + 8.25%, | 1,380,593 | 828,356 | ||||||
Radnet Management, Inc. | ||||||||
Term Loan, | ||||||||
1-Month Term SOFR + 3.00%, | 1,737,316 | 1,735,506 | ||||||
RegionalCare Hospital Partners Holdings, Inc. | ||||||||
Term Loan B, | ||||||||
3-Month LIBOR + 3.75%, | 415,993 | 408,817 | ||||||
Sound Inpatient Physicians | ||||||||
Term Loan B, | ||||||||
3-Month Term SOFR + 3.00%, | 491,231 | 267,721 | ||||||
|
| |||||||
9,061,306 | ||||||||
|
|
Principal | Value | |||||||
LOAN ASSIGNMENTS (continued) | ||||||||
Health Care Technology - 0.6% | ||||||||
Athenahealth Group, Inc. | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 3.50%, | $ 1,103,214 | $ 1,069,505 | ||||||
|
| |||||||
Hotels, Restaurants & Leisure - 6.4% | ||||||||
Bally’s Corp. | ||||||||
Term Loan B, | ||||||||
3-Month Term SOFR + 3.25%, | 973,816 | 958,701 | ||||||
Caesars Entertainment Corp. | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 3.25%, | 548,625 | 548,092 | ||||||
Dave & Buster’s, Inc. | ||||||||
Term Loan, | ||||||||
1-Month Term SOFR + 3.75%, | 500,000 | 499,000 | ||||||
Flynn Restaurant Group LP | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 4.25%, | 955,954 | 951,174 | ||||||
Hilton Grand Vacations Borrower LLC | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 3.00%, | 732,973 | 732,187 | ||||||
IRB Holding Corp. | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 3.00%, | 982,462 | 976,498 | ||||||
PENN Entertainment, Inc. | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 2.75%, | 1,336,500 | 1,333,615 | ||||||
Scientific Games Holdings LP | ||||||||
Term Loan B, | ||||||||
3-Month Term SOFR + 3.50%, | 1,254,847 | 1,238,116 | ||||||
Scientific Games International, Inc. | ||||||||
Term Loan, | ||||||||
1-Month Term SOFR + 3.00%, | 2,277,000 | 2,269,682 | ||||||
SeaWorld Parks & Entertainment, Inc. | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 3.00%, | 927,182 | 926,312 | ||||||
Topgolf Callaway Brands Corp. | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 3.50%, | 199,500 | 199,108 | ||||||
William Morris Endeavor Entertainment LLC | ||||||||
1st Lien Term Loan, | ||||||||
1-Month Term SOFR + 2.75%, | 1,604,999 | 1,601,387 | ||||||
|
| |||||||
12,233,872 | ||||||||
|
| |||||||
Household Durables - 1.0% | ||||||||
Janus International Group LLC | ||||||||
Term Loan B, | ||||||||
TBD, 07/25/2030 (C) (D) | 500,000 | 498,750 |
Transamerica Funds | Page 5 |
Transamerica Floating Rate
SCHEDULE OF INVESTMENTS (continued)
At July 31, 2023
(unaudited)
Principal | Value | |||||||
LOAN ASSIGNMENTS (continued) | ||||||||
Household Durables (continued) | ||||||||
Libbey Glass, Inc. | ||||||||
Term Loan, | ||||||||
3-Month Term SOFR + 3.75%, | $ 552,816 | $ 527,939 | ||||||
Solis IV BV | ||||||||
Term Loan B1, | ||||||||
3-Month Term SOFR + 3.50%, | 990,000 | 939,263 | ||||||
|
| |||||||
1,965,952 | ||||||||
|
| |||||||
Household Products - 0.7% | ||||||||
Energizer Holdings, Inc. | ||||||||
Term Loan, | ||||||||
1-Month Term SOFR + 2.25%, | 833,028 | 831,987 | ||||||
Instant Brands Holdings, Inc. | ||||||||
Term Loan, | ||||||||
6-Month LIBOR + 5.00%, | 788,594 | 157,719 | ||||||
3-Month Term SOFR + 10.00%, | 331,177 | 324,553 | ||||||
|
| |||||||
1,314,259 | ||||||||
|
| |||||||
Independent Power & Renewable Electricity Producers - 0.7% | ||||||||
Calpine Construction Finance Co. LP | ||||||||
Refinance Term Loan B, | ||||||||
TBD, 07/19/2030 (C) (D) | 500,000 | 496,250 | ||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 2.00%, | 928,125 | 921,396 | ||||||
|
| |||||||
1,417,646 | ||||||||
|
| |||||||
Insurance - 2.1% | ||||||||
Acrisure LLC | ||||||||
Term Loan B, | ||||||||
1-Month LIBOR + 3.50%, | 1,124,744 | 1,096,344 | ||||||
Alliant Holdings Intermediate LLC | ||||||||
Term Loan B5, | ||||||||
1-Month Term SOFR + 3.50%, | 995,000 | 992,189 | ||||||
Broadstreet Partners, Inc. | ||||||||
Term Loan B2, | ||||||||
TBD, 01/27/2027 (C) (D) | 1,081,568 | 1,075,710 | ||||||
Hub International Ltd. | ||||||||
Term Loan B, | ||||||||
3-Month Term SOFR + 4.25%, | 776,511 | 779,216 | ||||||
|
| |||||||
3,943,459 | ||||||||
|
| |||||||
IT Services - 0.6% | ||||||||
Conduent Business Services LLC | ||||||||
Term Loan B, | ||||||||
1-Month LIBOR + 4.25%, | 343,716 | 339,419 | ||||||
Peraton Corp. | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 3.75%, | 761,735 | 754,753 | ||||||
|
| |||||||
1,094,172 | ||||||||
|
|
Principal | Value | |||||||
LOAN ASSIGNMENTS (continued) | ||||||||
Leisure Products - 1.1% | ||||||||
Bombardier Recreational Products, Inc. | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 3.50%, | $ 992,500 | $ 992,996 | ||||||
Recess Holdings, Inc. | ||||||||
1st Lien Term Loan, | ||||||||
3-Month Term SOFR + 3.75%, | 209,061 | 208,277 | ||||||
SRAM LLC | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 2.75%, | 829,545 | 825,744 | ||||||
|
| |||||||
2,027,017 | ||||||||
|
| |||||||
Life Sciences Tools & Services - 0.7% | ||||||||
Parexel International Corp. | ||||||||
1st Lien Term Loan, | ||||||||
1-Month Term SOFR + 3.25%, | 1,303,488 | 1,297,622 | ||||||
|
| |||||||
Machinery - 3.5% | ||||||||
Chart Industries, Inc. | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 3.75%, | 648,375 | 646,754 | ||||||
Columbus McKinnon Corp. | ||||||||
Term Loan B, | ||||||||
3-Month Term SOFR + 2.75%, | 431,488 | 430,409 | ||||||
Filtration Group Corp. | ||||||||
Term Loan, | ||||||||
1-Month Term SOFR + 3.50%, | 1,965,000 | 1,959,736 | ||||||
Harsco Corp. | ||||||||
Term Loan, | ||||||||
1-Month Term SOFR + 2.25%, | 736,851 | 730,220 | ||||||
Hillman Group, Inc. | ||||||||
Delayed Draw Term Loan, | ||||||||
TBD, 07/14/2028 (C) (D) | 97,688 | 97,382 | ||||||
Term Loan B1, | ||||||||
TBD, 07/14/2028 (C) (D) | 401,271 | 400,017 | ||||||
Madison IAQ LLC | ||||||||
Term Loan, | ||||||||
TBD, 06/21/2028 (C) (D) | 498,728 | 488,684 | ||||||
Safety Products/JHC Acquisition Corp. | ||||||||
1st Lien Term Loan, | ||||||||
1-Month Term SOFR + 4.50%, | 422,848 | 406,463 | ||||||
Delayed Draw Term Loan, | ||||||||
1-Month Term SOFR + 4.50%, | 22,860 | 21,974 | ||||||
SPX Flow, Inc. | ||||||||
Term Loan, | ||||||||
1-Month Term SOFR + 4.50%, | 914,984 | 904,576 | ||||||
VAC Germany Holdings GmbH | ||||||||
Term Loan B, | ||||||||
6-Month LIBOR + 4.00%, | 603,728 | 582,597 | ||||||
|
| |||||||
6,668,812 | ||||||||
|
|
Transamerica Funds | Page 6 |
Transamerica Floating Rate
SCHEDULE OF INVESTMENTS (continued)
At July 31, 2023
(unaudited)
Principal | Value | |||||||
LOAN ASSIGNMENTS (continued) | ||||||||
Media - 9.2% | ||||||||
ABG Intermediate Holdings 2 LLC | ||||||||
Term Loan B1, | ||||||||
1-Month Term SOFR + 3.50%, | $ 1,039,500 | $ 1,037,681 | ||||||
Arches Buyer, Inc. | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 3.25%, | 504,891 | 488,763 | ||||||
CMG Media Corp. | ||||||||
Term Loan, | ||||||||
3-Month Term SOFR + 3.50%, | 966,382 | 873,669 | ||||||
Cogeco Communications Finance LP | ||||||||
Term Loan B, | ||||||||
TBD, 01/03/2025 (C) (D) | 294,069 | 293,334 | ||||||
Cogeco Financing 2 LP | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 2.50%, | 483,825 | 475,688 | ||||||
Coral-US Co-Borrower LLC | ||||||||
Term Loan B6, | ||||||||
1-Month Term SOFR + 3.00%, | 706,917 | 687,654 | ||||||
CSC Holdings LLC | ||||||||
Term Loan B6, | ||||||||
1-Month Term SOFR + 4.50%, | 485,930 | 445,385 | ||||||
Diamond Sports Group LLC | ||||||||
2nd Lien Term Loan, | ||||||||
TBD, 08/24/2026 (C) (D) (F) (G) | 401,590 | 11,378 | ||||||
DirecTV Financing LLC | ||||||||
Term Loan, | ||||||||
1-Month Term SOFR + 5.00%, | 1,305,875 | 1,296,897 | ||||||
EW Scripps Co. | ||||||||
Term Loan B2, | ||||||||
1-Month Term SOFR + 2.56%, | 189,583 | 187,345 | ||||||
Term Loan B3, | ||||||||
1-Month Term SOFR + 2.75%, | 981,376 | 962,669 | ||||||
Gray Television, Inc. | ||||||||
Term Loan D, | ||||||||
1-Month Term SOFR + 3.00%, | 1,967,531 | 1,938,839 | ||||||
MH Sub I LLC | ||||||||
Term Loan, | ||||||||
1-Month Term SOFR + 4.25%, | 1,476,643 | 1,421,730 | ||||||
Mission Broadcasting, Inc. | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 2.50%, | 640,703 | 639,635 | ||||||
NEP/NCP Holdco, Inc. | ||||||||
1st Lien Term Loan, | ||||||||
1-Month Term SOFR + 3.25%, | 763,956 | 703,794 | ||||||
Nexstar Broadcasting, Inc. | ||||||||
Term Loan B4, | ||||||||
1-Month Term SOFR + 2.50%, | 471,791 | 471,454 | ||||||
Sinclair Television Group, Inc. | ||||||||
Term Loan B2B, | ||||||||
1-Month Term SOFR + 2.50%, | 973,577 | 866,180 |
Principal | Value | |||||||
LOAN ASSIGNMENTS (continued) | ||||||||
Media (continued) | ||||||||
Sinclair Television Group, Inc. (continued) | ||||||||
Term Loan B4, | ||||||||
1-Month Term SOFR + 3.75%, | $ 247,500 | $ 178,819 | ||||||
Univision Communications, Inc. | ||||||||
1st Lien Term Loan B, | ||||||||
1-Month LIBOR + 3.25%, | 731,260 | 726,804 | ||||||
Term Loan B, | ||||||||
1-Month LIBOR + 3.25%, | 148,125 | 146,088 | ||||||
UPC Financing Partnership | ||||||||
Term Loan AX, | ||||||||
1-Month LIBOR + 2.93%, | 1,477,285 | 1,433,336 | ||||||
Virgin Media Bristol LLC | ||||||||
Term Loan Q, | ||||||||
1-Month Term SOFR + 3.25%, | 1,482,278 | 1,460,785 | ||||||
Ziggo Financing Partnership | ||||||||
Term Loan I, | ||||||||
1-Month Term SOFR + 2.50%, | 769,000 | 744,648 | ||||||
|
| |||||||
17,492,575 | ||||||||
|
| |||||||
Metals & Mining - 0.1% | ||||||||
Phoenix Services International LLC | ||||||||
Term Loan, | ||||||||
1-Month Term SOFR + 6.00%, | 162,986 | 149,947 | ||||||
|
| |||||||
Oil, Gas & Consumable Fuels - 1.7% | ||||||||
Apro LLC | ||||||||
Term Loan, | ||||||||
3-Month LIBOR + 3.75%, | 972,520 | 970,088 | ||||||
BW Gas & Convenience Holdings LLC | ||||||||
Term Loan B, | ||||||||
1-Month LIBOR + 3.50%, | 1,092,601 | 1,070,749 | ||||||
Delek US Holdings, Inc. | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 3.50%, | 792,506 | 785,289 | ||||||
EG Group Ltd. | ||||||||
Term Loan, | ||||||||
1-Month Term SOFR + 4.25%, | 394,043 | 392,073 | ||||||
Prairie ECI Acquiror LP | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 4.75%, | 2,163 | 2,148 | ||||||
|
| |||||||
3,220,347 | ||||||||
|
| |||||||
Paper & Forest Products - 1.4% | ||||||||
Domtar Corp. | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 5.50%, | 1,473,462 | 1,462,410 | ||||||
Spectrum Group Buyer, Inc. | ||||||||
Term Loan B, | ||||||||
3-Month Term SOFR + 6.50%, | 1,226,563 | 1,171,750 | ||||||
|
| |||||||
2,634,160 | ||||||||
|
|
Transamerica Funds | Page 7 |
Transamerica Floating Rate
SCHEDULE OF INVESTMENTS (continued)
At July 31, 2023
(unaudited)
Principal | Value | |||||||
LOAN ASSIGNMENTS (continued) | ||||||||
Passenger Airlines - 0.2% | ||||||||
United Airlines, Inc. | ||||||||
Term Loan B, | ||||||||
3-Month LIBOR + 3.75%, | $ 389,005 | $ 389,005 | ||||||
|
| |||||||
Personal Care Products - 0.3% | ||||||||
Kronos Acquisition Holdings, Inc. | ||||||||
Term Loan B, | ||||||||
3-Month LIBOR + 3.75%, | 639,921 | 626,522 | ||||||
|
| |||||||
Pharmaceuticals - 1.1% | ||||||||
Bausch Health Cos., Inc. | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 5.25%, | 712,500 | 580,331 | ||||||
Curium BidCo SARL | ||||||||
Term Loan, | ||||||||
3-Month LIBOR + 4.25%, | 296,250 | 295,880 | ||||||
Grifols Worldwide Operations USA, Inc. | ||||||||
Term Loan B, | ||||||||
3-Month Term SOFR + 2.00%, | 500,000 | 492,969 | ||||||
Organon & Co. | ||||||||
Term Loan, | ||||||||
1-Month Term SOFR + 3.00%, | 622,312 | 620,238 | ||||||
PRA Health Sciences, Inc. | ||||||||
Term Loan, | ||||||||
3-Month Term SOFR + 2.25%, | 81,778 | 81,726 | ||||||
|
| |||||||
2,071,144 | ||||||||
|
| |||||||
Professional Services - 1.4% | ||||||||
Dun & Bradstreet Corp. | ||||||||
Term Loan B2, | ||||||||
1-Month Term SOFR + 3.25%, | 885,038 | 882,509 | ||||||
KUEHG Corp. | ||||||||
Term Loan, | ||||||||
TBD, 06/12/2030 (C) (D) | 500,000 | 497,000 | ||||||
NAB Holdings LLC | ||||||||
Term Loan, | ||||||||
TBD, 11/23/2028 (C) (D) | 500,000 | 497,946 | ||||||
TransUnion LLC | ||||||||
Term Loan B6, | ||||||||
1-Month Term SOFR + 2.25%, | 743,065 | 741,636 | ||||||
|
| |||||||
2,619,091 | ||||||||
|
| |||||||
Real Estate Management & Development - 1.0% | ||||||||
Cushman & Wakefield US Borrower LLC | ||||||||
Term Loan, | ||||||||
1-Month Term SOFR + 3.25%, | 743,152 | 717,142 | ||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 2.75%, | 589,169 | 587,328 | ||||||
RE/MAX International, Inc. | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 2.50%, | 606,517 | 589,584 | ||||||
|
| |||||||
1,894,054 | ||||||||
|
|
Principal | Value | |||||||
LOAN ASSIGNMENTS (continued) | ||||||||
Semiconductors & Semiconductor Equipment - 0.6% | ||||||||
MKS Instruments, Inc. | ||||||||
Term Loan B, | ||||||||
3-Month Term SOFR + 2.75%, | $ 1,138,881 | $ 1,135,856 | ||||||
|
| |||||||
Software - 6.0% | ||||||||
AppLovin Corp. | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 3.10%, | 246,875 | 246,522 | ||||||
Banff Merger Sub, Inc. | ||||||||
Term Loan, | ||||||||
1-Month Term SOFR + 3.75%, | 480,608 | 478,866 | ||||||
CDK Global, Inc. | ||||||||
Term Loan B, | ||||||||
3-Month Term SOFR + 4.25%, | 1,492,500 | 1,492,500 | ||||||
Ceridian HCM Holding, Inc. | ||||||||
Term Loan B, | ||||||||
3-Month LIBOR + 2.50%, | 684,072 | 683,388 | ||||||
Cornerstone OnDemand, Inc. | ||||||||
Term Loan, | ||||||||
3-Month Term SOFR + 3.75%, | 740,625 | 683,227 | ||||||
Epicor Software Corp. | ||||||||
Term Loan, | ||||||||
1-Month Term SOFR + 3.25%, | 1,404,321 | 1,394,172 | ||||||
Magenta Buyer LLC | ||||||||
1st Lien Term Loan, | ||||||||
3-Month LIBOR + 4.75%, | 1,116,593 | 840,794 | ||||||
Open Text Corp. | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 3.50%, | 995,000 | 995,933 | ||||||
Polaris Newco LLC | ||||||||
Term Loan B, | ||||||||
3-Month LIBOR + 4.00%, | 593,862 | 559,993 | ||||||
Rackspace Technology Global, Inc. | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 2.75%, | 1,584,491 | 688,593 | ||||||
Sophia LP | ||||||||
Term Loan B, | ||||||||
3-Month LIBOR + 3.50%, | 1,268,011 | 1,260,403 | ||||||
1-Month Term SOFR + 4.25%, | 495,000 | 491,133 | ||||||
SS&C Technologies, Inc. | ||||||||
Term Loan B6, | ||||||||
1-Month Term SOFR + 2.25%, | 169,232 | 169,053 | ||||||
Term Loan B7, | ||||||||
1-Month Term SOFR + 2.25%, | 255,065 | 254,796 | ||||||
Ultimate Software Group, Inc. | ||||||||
Term Loan, | ||||||||
3-Month Term SOFR + 3.25%, | 1,180,157 | 1,172,781 | ||||||
|
| |||||||
11,412,154 | ||||||||
|
|
Transamerica Funds | Page 8 |
Transamerica Floating Rate
SCHEDULE OF INVESTMENTS (continued)
At July 31, 2023
(unaudited)
Principal | Value | |||||||
LOAN ASSIGNMENTS (continued) | ||||||||
Specialty Retail - 3.4% | ||||||||
Great Outdoors Group LLC | ||||||||
Term Loan B1, | ||||||||
1-Month Term SOFR + 3.75%, | $ 1,458,330 | $ 1,452,254 | ||||||
Mavis Tire Express Services Corp. | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 4.00%, | 992,405 | 989,746 | ||||||
Petco Health & Wellness Co., Inc. | ||||||||
Term Loan B, | ||||||||
3-Month Term SOFR + 3.25%, | 813,258 | 809,903 | ||||||
PetSmart, Inc. | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 3.75%, | 1,166,070 | 1,164,196 | ||||||
Rent-A-Center, Inc. | ||||||||
1st Lien Term Loan B, | ||||||||
3-Month Term SOFR + 3.25%, | 1,331,330 | 1,326,337 | ||||||
WOOF Holdings, Inc. | ||||||||
1st Lien Term Loan, | ||||||||
1-Month Term SOFR + 3.75%, | 669,213 | 644,118 | ||||||
|
| |||||||
6,386,554 | ||||||||
|
| |||||||
Textiles, Apparel & Luxury Goods - 0.5% | ||||||||
Crocs, Inc. | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 3.50%, 3-Month Term SOFR + 3.50%, | 649,000 | 650,623 | ||||||
Varsity Brands, Inc. | ||||||||
Term Loan, | ||||||||
1-Month Term SOFR + 5.00%, | 398,000 | 384,816 | ||||||
|
| |||||||
1,035,439 | ||||||||
|
| |||||||
Transportation Infrastructure - 0.3% | ||||||||
First Student Bidco, Inc. | ||||||||
Term Loan B, | ||||||||
3-Month Term SOFR + 3.00%, | 359,641 | 349,863 | ||||||
Term Loan C, | ||||||||
3-Month LIBOR + 3.00%, | 134,804 | 131,139 | ||||||
|
| |||||||
481,002 | ||||||||
|
| |||||||
Wireless Telecommunication Services - 0.4% | ||||||||
Altice France SA | ||||||||
Term Loan B14, | ||||||||
3-Month Term SOFR + 5.50%, | 984,646 | 804,127 | ||||||
|
| |||||||
Total Loan Assignments |
| 166,966,643 | ||||||
|
| |||||||
Shares | Value | |||||||
COMMON STOCKS - 0.5% | ||||||||
Health Care Providers & Services - 0.0% | ||||||||
Valitas Holdings, Inc. (G) (I) (J) (K) | 21,887 | 0 | ||||||
|
|
Shares | Value | |||||||
COMMON STOCKS (continued) | ||||||||
Household Durables - 0.1% | ||||||||
API Heat Transfer Intermediate Corp. (G) (I) (J) (K) | 889,572 | $ 1 | ||||||
LG Parent Holding Co. (G) (I) | 30,405 | 207,514 | ||||||
|
| |||||||
207,515 | ||||||||
|
| |||||||
Metals & Mining - 0.1% | ||||||||
Phoenix Services International LLC | 14,948 | 134,532 | ||||||
|
| |||||||
Software - 0.3% | ||||||||
Avaya Holdings Corp. (I) | 41,536 | 539,968 | ||||||
|
| |||||||
Textiles, Apparel & Luxury Goods - 0.0% (L) | ||||||||
Men’s Wearhouse, Inc. (G) (I) (K) (M) | 7,650 | 45,900 | ||||||
|
| |||||||
Total Common Stocks |
| 927,915 | ||||||
|
| |||||||
PREFERRED STOCK - 0.0% | ||||||||
Household Durables - 0.0% | ||||||||
API Heat Transfer Intermediate Corp., | ||||||||
0.00% (G) (I) (J) (K) | 189,500 | 0 | ||||||
|
| |||||||
Total Preferred Stock |
| 0 | ||||||
|
| |||||||
EXCHANGE-TRADED FUNDS - 0.9% | ||||||||
U.S. Fixed Income Funds - 0.9% | ||||||||
SPDR Blackstone Senior Loan ETF (N) | 21,585 | 905,275 | ||||||
Invesco Senior Loan ETF (N) | 42,589 | 894,369 | ||||||
|
| |||||||
Total Exchange-Traded Funds |
| 1,799,644 | ||||||
|
| |||||||
Principal | Value | |||||||
COMMERCIAL PAPER - 2.6% | ||||||||
Financial Services - 2.6% | ||||||||
Barton Capital SA | ||||||||
5.30% (O), 08/01/2023 (B) | $ 1,000,000 | 999,852 | ||||||
Chesham Finance/Chesham LLC | ||||||||
5.44% (O), 08/01/2023 (B) | 1,000,000 | 999,851 | ||||||
Ebury Finance Ltd. | ||||||||
5.44% (O), 08/01/2023 (B) | 1,000,000 | 999,852 | ||||||
Longship Funding LLC | ||||||||
5.40% (O), 08/07/2023 (B) | 1,000,000 | 998,967 | ||||||
Nieuw Amsterdam Receivables Corp. BV | ||||||||
5.38% (O), 08/07/2023 (B) | 1,000,000 | 998,964 | ||||||
|
| |||||||
Total Commercial Paper |
| 4,997,486 | ||||||
|
| |||||||
Shares | Value | |||||||
OTHER INVESTMENT COMPANY - 0.9% | ||||||||
Securities Lending Collateral - 0.9% | ||||||||
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 5.28% (O) | 1,702,564 | 1,702,564 | ||||||
|
| |||||||
Total Other Investment Company |
| 1,702,564 | ||||||
|
|
Transamerica Funds | Page 9 |
Transamerica Floating Rate
SCHEDULE OF INVESTMENTS (continued)
At July 31, 2023
(unaudited)
Principal | Value | |||||||
REPURCHASE AGREEMENT - 6.0% | ||||||||
Fixed Income Clearing Corp., 2.50% (O), dated 07/31/2023, to be repurchased at $11,423,478 on 08/01/2023. Collateralized by a U.S. Government Obligation, 0.13%, due 07/15/2026, and with a value of $11,651,214. | $ 11,422,684 | $ 11,422,684 | ||||||
|
| |||||||
Total Repurchase Agreement |
| 11,422,684 | ||||||
|
| |||||||
Total Investments |
| 199,887,739 | ||||||
Net Other Assets (Liabilities) - (5.4)% | (10,271,889 | ) | ||||||
|
| |||||||
Net Assets - 100.0% | $ 189,615,850 | |||||||
|
|
Transamerica Funds | Page 10 |
Transamerica Floating Rate
SCHEDULE OF INVESTMENTS (continued)
At July 31, 2023
(unaudited)
INVESTMENT VALUATION:
Valuation Inputs (P)
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Significant Observable Inputs | Level 3 - Significant Unobservable Inputs (Q) | Value | |||||||||||||
ASSETS |
| |||||||||||||||
Investments | ||||||||||||||||
Asset-Backed Securities | $ | — | $ | 2,020,022 | $ | — | $ | 2,020,022 | ||||||||
Corporate Debt Securities | — | 10,050,781 | — | 10,050,781 | ||||||||||||
Loan Assignments | — | 166,966,643 | — | 166,966,643 | ||||||||||||
Common Stocks | 134,532 | 747,482 | 45,901 | 927,915 | ||||||||||||
Preferred Stock | — | — | 0 | 0 | ||||||||||||
Exchange-Traded Funds | 1,799,644 | — | — | 1,799,644 | ||||||||||||
Commercial Paper | — | 4,997,486 | — | 4,997,486 | ||||||||||||
Other Investment Company | 1,702,564 | — | — | 1,702,564 | ||||||||||||
Repurchase Agreement | — | 11,422,684 | — | 11,422,684 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | $ | 3,636,740 | $ | 196,205,098 | $ | 45,901 | $ | 199,887,739 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Transfers
Investments | Transfers from Level 1 to Level 3 | Transfers from Level 3 to Level 1 | Transfers from Level 2 to Level 3 | Transfers from Level 3 to Level 2 | ||||||||||||
Common Stocks (M) | $ | — | $ | — | $ | 45,900 | $ | — | ||||||||
|
|
|
|
|
|
|
|
FOOTNOTES TO SCHEDULE OF INVESTMENTS:
(A) | Floating or variable rate securities. The rates disclosed are as of July 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. | |
(B) | Securities are exempt from registration pursuant to Rule 144A of the Securities Act of 1933. Securities may be resold as transactions exempt from registration, normally to qualified institutional buyers. At July 31, 2023, the total value of 144A securities is $16,194,169, representing 8.5% of the Fund’s net assets. | |
(C) | When-issued, delayed-delivery and/or forward commitment (including TBAs) securities. Securities to be settled and delivered after July 31, 2023. Securities may display a coupon rate of 0.00%, as the rate is to be determined at time of settlement. | |
(D) | All or a portion of the security represents unsettled loan commitments at July 31, 2023 where the rate will be determined at time of settlement. | |
(E) | Restricted security. At July 31, 2023, the value of such security held by the Fund is as follows: |
Investments | Description | Acquisition Date | Acquisition Cost | Value | Value as Percentage of Net Assets | |||||||||||||
Loan Assignments | Anchor Glass Container Corp. | 07/25/2017 - 05/11/2023 | $ | 590,663 | $ | 476,076 | 0.3 | % |
(F) | Securities in default; no interest payments received and/or dividends declared during the last 12 months. At July 31, 2023, the total value of such securities is $22,476, representing less than 0.1% of the Fund’s net assets. | |
(G) | Non-income producing securities. | |
(H) | Payment in-kind. Security pays interest or dividends in the form of additional bonds or preferred stock. If the security makes a cash payment in addition to in-kind, the cash rate is disclosed separately. | |
(I) | Fair valued as determined in good faith in accordance with procedures established by the Board. At July 31, 2023, the total value of securities is $793,383, representing 0.4% of the Fund’s net assets. | |
(J) | Securities deemed worthless. | |
(K) | Securities are Level 3 of the fair value hierarchy. | |
(L) | Percentage rounds to less than 0.1% or (0.1)%. | |
(M) | Transferred from Level 2 to 3 due to utilizing significant unobservable inputs. As of prior reporting period, the security utilized significant observable inputs. | |
(N) | All or a portion of the securities are on loan. The total value of all securities on loan is $1,661,871, collateralized by cash collateral of $1,702,564. 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. | |
(O) | Rates disclosed reflect the yields at July 31, 2023. | |
(P) | The Fund recognized transfers in and out of Level 3 as of July 31, 2023. Please reference the Investment Valuation section of the Notes to Schedule of Investments for more information regarding investment valuation and pricing inputs. | |
(Q) | Level 3 securities were not considered significant to the Fund. |
Transamerica Funds | Page 11 |
Transamerica Floating Rate
SCHEDULE OF INVESTMENTS (continued)
At July 31, 2023
(unaudited)
PORTFOLIO ABBREVIATIONS:
LIBOR | London Interbank Offered Rate | |
Prime Rate | Interest rate charged by banks to their most credit worthy customers | |
SOFR | Secured Overnight Financing Rate | |
TBD | To Be Determined |
Transamerica Funds | Page 12 |
Transamerica Floating Rate
NOTES TO SCHEDULE OF INVESTMENTS
At July 31, 2023
(unaudited)
INVESTMENT VALUATION
Transamerica Floating Rate (the “Fund”) is a series of the Transamerica Funds.
Transamerica Asset Management, Inc. (“TAM”) has been designated as the Fund’s valuation designee pursuant to Rule 2a-5 under the Investment Company Act of 1940, as amended, with responsibility for fair valuation subject to oversight by the Fund’s Board of Trustees. The net asset value of the Fund is computed as of the official close of the New York Stock Exchange (“NYSE”) each day the NYSE is open for business.
TAM utilizes various methods to measure the fair value of its investments on a recurring basis. Generally Accepted Accounting Principles in the United States of America establishes a hierarchy that prioritizes inputs to valuation methods. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. The three levels (“Levels”) of inputs of the fair value hierarchy are defined as follows:
Level 1 — Unadjusted quoted prices in active markets for identical securities.
Level 2 — Inputs, other than quoted prices included in Level 1, which are observable, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates, and similar data.
Level 3 — Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available, which may include TAM’s own assumptions used in determining the fair value of the Fund’s investments.
The inputs used to measure fair value may fall into different Levels of the fair value hierarchy. In such cases, for disclosure purposes, the Level in the fair value hierarchy that is assigned to the fair value measurement of a security is determined based on the lowest Level input that is significant to the fair value measurement in its entirety. Certain investments that are measured at fair value using Net Asset Value (“NAV”) per share, or its equivalent, using the “practical expedient” have not been classified in the fair value Levels. The hierarchy classification of inputs used to value the Fund’s investments at July 31, 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.
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.
Equity securities: Securities are stated at the last reported sales price or closing price on the day of valuation taken from the primary exchange where the security is principally traded. To the extent these securities are actively traded and valuation adjustments are not applied, they are categorized in Level 1 of the fair value hierarchy. Equities traded on inactive markets or valued by reference to similar instruments are generally categorized in Level 2 or Level 3 if inputs are unobservable.
Transamerica Funds | Page 13 |
Transamerica Floating Rate
NOTES TO SCHEDULE OF INVESTMENTS (continued)
At July 31, 2023
(unaudited)
Exchange-traded funds (“ETF”): ETFs are stated at the last reported sale price or closing price on the day of valuation taken from the primary exchange where the ETF is principally traded. ETFs are generally categorized in Level 1 of the fair value hierarchy.
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.
Securities lending collateral: Securities lending collateral is invested in a money market fund which is valued at the actively traded NAV and no valuation adjustments are applied. Securities lending collateral is categorized in Level 1 of the fair value hierarchy.
Repurchase agreements: Repurchase agreements are valued at cost, which approximates fair value. To the extent the inputs are observable and timely, the values are generally categorized in Level 2 of the fair value hierarchy.
Restricted securities: Restricted securities for which quotations are not readily available are valued at fair value. Restricted securities issued by publicly traded companies are generally valued at a discount to similar publicly traded securities. Restricted securities issued by nonpublic entities may be valued by reference to comparable public entities and/or fundamental data relating to the issuer. Depending on the relative significance of observable valuation inputs, these instruments may be classified in either Level 2 or Level 3 of the fair value hierarchy.
Transamerica Funds | Page 14 |