Transamerica Unconstrained Bond
SCHEDULE OF INVESTMENTS
At January 31, 2024
(unaudited)
Principal | Value | |||||||
ASSET-BACKED SECURITY - 0.0% (A) | ||||||||
Atrium XIII | ||||||||
Series 13A, Class A1, | ||||||||
3-Month Term SOFR + 1.44%, | $ 14,573 | $ 14,600 | ||||||
|
| |||||||
Total Asset-Backed Security |
| 14,600 | ||||||
|
| |||||||
CONVERTIBLE BONDS - 0.1% | ||||||||
Communications Equipment - 0.1% | ||||||||
Meituan | ||||||||
Zero Coupon, 04/27/2027 (D) | 300,000 | 275,550 | ||||||
|
| |||||||
Hotels, Restaurants & Leisure - 0.0% (A) | ||||||||
Wynn Macau Ltd. | ||||||||
4.50%, 03/07/2029 (C) | 200,000 | 198,512 | ||||||
|
| |||||||
Total Convertible Bonds |
| 474,062 | ||||||
|
| |||||||
CORPORATE DEBT SECURITIES - 38.4% | ||||||||
Aerospace & Defense - 0.2% | ||||||||
Boeing Co. | ||||||||
5.15%, 05/01/2030 | 334,000 | 334,356 | ||||||
L3Harris Technologies, Inc. | ||||||||
5.40%, 07/31/2033 | 89,000 | 91,617 | ||||||
Lockheed Martin Corp. | ||||||||
4.45%, 05/15/2028 | 64,000 | 64,079 | ||||||
|
| |||||||
490,052 | ||||||||
|
| |||||||
Air Freight & Logistics - 0.0% (A) | ||||||||
Cargo Aircraft Management, Inc. | ||||||||
4.75%, 02/01/2028 (C) | 125,000 | 114,385 | ||||||
|
| |||||||
Automobiles - 0.4% | ||||||||
BMW US Capital LLC | ||||||||
3.90%, 04/09/2025 (C) | 391,000 | 386,924 | ||||||
Ford Motor Credit Co. LLC | ||||||||
4.00%, 11/13/2030 | 200,000 | 178,419 | ||||||
General Motors Financial Co., Inc. | ||||||||
2.75%, 06/20/2025 | 120,000 | 116,136 | ||||||
5.80%, 01/07/2029 | 170,000 | 174,334 | ||||||
Hyundai Capital America | ||||||||
5.40%, 01/08/2031 (C) | 39,000 | 39,697 | ||||||
5.80%, 06/26/2025 (C) | 40,000 | 40,283 | ||||||
6.50%, 01/16/2029 (C) | 46,000 | 48,867 | ||||||
Hyundai Capital Services, Inc. | ||||||||
1.25%, 02/08/2026 (D) | 330,000 | 304,288 | ||||||
|
| |||||||
1,288,948 | ||||||||
|
| |||||||
Banks - 9.6% | ||||||||
ABQ Finance Ltd. | ||||||||
1.88%, 09/08/2025 (D) | 640,000 | 600,608 | ||||||
Australia & New Zealand Banking Group Ltd. | ||||||||
Fixed until 06/15/2026 (E), 6.75% (B) (C) | 563,000 | 567,306 | ||||||
Banco de Credito del Peru SA | ||||||||
2.70%, 01/11/2025 (D) | 450,000 | 437,843 | ||||||
Banco Santander SA | ||||||||
2.71%, 06/27/2024 | 200,000 | 197,841 | ||||||
6.94%, 11/07/2033 | 200,000 | 221,440 | ||||||
Fixed until 05/21/2033 (E), | 1,800,000 | 1,930,500 |
Principal | Value | |||||||
CORPORATE DEBT SECURITIES (continued) | ||||||||
Banks (continued) | ||||||||
Bank of America Corp. | ||||||||
Fixed until 10/22/2024, | $ 392,000 | $ 382,823 | ||||||
Fixed until 03/08/2032, | 32,000 | 28,396 | ||||||
Fixed until 02/07/2029, | 393,000 | 374,735 | ||||||
Fixed until 04/27/2032, | 384,000 | 367,077 | ||||||
Bank of China Ltd. | ||||||||
5.00%, 11/13/2024 (D) | 440,000 | 437,756 | ||||||
Bank of East Asia Ltd. | ||||||||
Fixed until 05/29/2025, | 300,000 | 284,931 | ||||||
Fixed until 10/21/2025 (E), | 250,000 | 224,375 | ||||||
Fixed until 09/19/2024 (E), | 250,000 | 224,375 | ||||||
Bank of Montreal | ||||||||
1.50%, 01/10/2025 | 304,000 | 293,898 | ||||||
Bank of Nova Scotia | ||||||||
Fixed until 02/04/2032, | 109,000 | 98,839 | ||||||
5.65%, 02/01/2034 | 136,000 | 140,472 | ||||||
Fixed until 01/27/2029, | 280,000 | 284,463 | ||||||
BankUnited, Inc. | ||||||||
4.88%, 11/17/2025 | 141,000 | 138,640 | ||||||
5.13%, 06/11/2030 | 436,000 | 406,004 | ||||||
Barclays PLC | ||||||||
Fixed until 12/15/2025 (E), | 220,000 | 208,516 | ||||||
BBVA Bancomer SA | ||||||||
1.88%, 09/18/2025 (D) | 480,000 | 451,303 | ||||||
BNP Paribas SA | ||||||||
Fixed until 06/30/2026, | 200,000 | 183,681 | ||||||
CBQ Finance Ltd. | ||||||||
2.00%, 05/12/2026 (D) | 480,000 | 442,787 | ||||||
Citigroup, Inc. | ||||||||
Fixed until 04/08/2025, | 184,000 | 179,381 | ||||||
4.45%, 09/29/2027 | 201,000 | 196,813 | ||||||
Fixed until 05/24/2032, | 368,000 | 360,031 | ||||||
Fixed until 05/25/2033, | 35,000 | 36,324 | ||||||
Citizens Financial Group, Inc. | ||||||||
2.64%, 09/30/2032 | 138,000 | 107,144 | ||||||
Fixed until 01/23/2029, | 27,000 | 27,185 | ||||||
Credit Agricole SA | ||||||||
Fixed until 01/26/2026, | 250,000 | 231,401 | ||||||
5.30%, 07/12/2028 (C) | 254,000 | 259,595 | ||||||
Danske Bank AS | ||||||||
Fixed until 09/10/2024, | 357,000 | 346,666 | ||||||
Fixed until 12/20/2024, | 374,000 | 365,739 | ||||||
DBS Group Holdings Ltd. | ||||||||
Fixed until 03/10/2026, | 640,000 | 594,192 |
Transamerica Funds | Page 1 |
Transamerica Unconstrained Bond
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2024
(unaudited)
Principal | Value | |||||||
CORPORATE DEBT SECURITIES (continued) | ||||||||
Banks (continued) | ||||||||
Deutsche Bank AG | ||||||||
Fixed until 01/07/2027, | $ 150,000 | $ 137,812 | ||||||
Fixed until 01/18/2028, | 435,000 | 452,806 | ||||||
Fixed until 11/10/2032, | 423,000 | 431,240 | ||||||
Emirates NBD Bank PJSC | ||||||||
2.63%, 02/18/2025 (D) | 700,000 | 678,125 | ||||||
Fifth Third Bancorp | ||||||||
Fixed until 01/29/2031, | 38,000 | 38,330 | ||||||
Fixed until 07/27/2028, | 16,000 | 16,648 | ||||||
Fifth Third Bank NA | ||||||||
Fixed until 10/27/2024, | 250,000 | 250,351 | ||||||
First Abu Dhabi Bank PJSC | ||||||||
Fixed until 10/04/2028, | 600,000 | 616,123 | ||||||
First Horizon Bank | ||||||||
5.75%, 05/01/2030 | 250,000 | 242,027 | ||||||
Goldman Sachs Group, Inc. | ||||||||
Fixed until 09/10/2026, | 322,000 | 293,725 | ||||||
Fixed until 07/21/2031, | 348,000 | 286,650 | ||||||
Hana Bank | ||||||||
4.25%, 10/14/2024 (D) | 300,000 | 296,763 | ||||||
HSBC Holdings PLC | ||||||||
Fixed until 11/22/2026, | 250,000 | 230,337 | ||||||
Fixed until 03/09/2028, | 200,000 | 206,636 | ||||||
Fixed until 06/20/2033, | 700,000 | 728,630 | ||||||
Industrial & Commercial Bank of China Macau Ltd. | ||||||||
Fixed until 09/12/2024, | 450,000 | 442,283 | ||||||
ING Groep NV | ||||||||
Fixed until 07/01/2025, | 200,000 | 189,361 | ||||||
JPMorgan Chase & Co. | ||||||||
Fixed until 11/08/2031, | 411,000 | 344,285 | ||||||
Fixed until 05/01/2027, | 299,000 | 286,517 | ||||||
Fixed until 04/26/2025, | 158,000 | 155,673 | ||||||
4.13%, 12/15/2026 | 76,000 | 74,895 | ||||||
Fixed until 09/14/2032, | 160,000 | 164,718 | ||||||
KeyBank NA | ||||||||
3.40%, 05/20/2026 | 250,000 | 236,087 | ||||||
Kookmin Bank | ||||||||
2.50%, 11/04/2030 (D) | 650,000 | 540,549 | ||||||
M&T Bank Corp. | ||||||||
Fixed until 10/30/2028, | 32,000 | 34,479 | ||||||
Macquarie Bank Ltd. | ||||||||
Fixed until 03/08/2027 (E), 6.13% (B) (D) | 280,000 | 266,471 | ||||||
Mitsubishi UFJ Financial Group, Inc. | ||||||||
2.19%, 02/25/2025 | 344,000 | 333,442 |
Principal | Value | |||||||
CORPORATE DEBT SECURITIES (continued) | ||||||||
Banks (continued) | ||||||||
Mizuho Financial Group, Inc. | ||||||||
Fixed until 09/13/2024, | $ 413,000 | $ 405,659 | ||||||
Fixed until 07/06/2028, | 393,000 | 403,314 | ||||||
Morgan Stanley | ||||||||
Fixed until 10/21/2024, | 91,000 | 87,892 | ||||||
Fixed until 07/20/2026, | 44,000 | 40,380 | ||||||
Fixed until 05/04/2026, | 54,000 | 50,005 | ||||||
Fixed until 04/01/2030, | 312,000 | 287,645 | ||||||
Fixed until 04/20/2032, | 35,000 | 34,273 | ||||||
National Australia Bank Ltd. | ||||||||
6.43%, 01/12/2033 (C) | 329,000 | 347,335 | ||||||
NatWest Group PLC | ||||||||
Fixed until 06/28/2031 (E), | 562,000 | 423,595 | ||||||
NatWest Markets PLC | ||||||||
3.48%, 03/22/2025 (C) | 333,000 | 326,939 | ||||||
NBK SPC Ltd. | ||||||||
Fixed until 09/15/2026, | 330,000 | 299,416 | ||||||
Nbk Tier 2 Ltd. | ||||||||
Fixed until 11/24/2025, | 330,000 | 308,138 | ||||||
QNB Finance Ltd. | ||||||||
3.50%, 03/28/2024 (D) | 590,000 | 587,729 | ||||||
Royal Bank of Canada | ||||||||
4.90%, 01/12/2028 | 182,000 | 183,623 | ||||||
Shinhan Bank Co. Ltd. | ||||||||
4.50%, 03/26/2028 (D) | 470,000 | 453,592 | ||||||
Signature Bank | ||||||||
Fixed until 10/15/2025, | 704,000 | 308,000 | ||||||
SNB Funding Ltd. | ||||||||
2.75%, 10/02/2024 (D) | 550,000 | 538,313 | ||||||
Societe Generale SA | ||||||||
Fixed until 11/18/2030 (E), 5.38% (B) (C) (F) | 1,765,000 | 1,442,172 | ||||||
Standard Chartered PLC | ||||||||
Fixed until 01/14/2026, | 490,000 | 451,420 | ||||||
Fixed until 01/11/2034, | 300,000 | 306,056 | ||||||
Fixed until 08/15/2027 (E), 7.75% (B) (D) | 700,000 | 711,670 | ||||||
Texas Capital Bancshares, Inc. | ||||||||
Fixed until 05/06/2026, | 281,000 | 258,800 | ||||||
Toronto-Dominion Bank | ||||||||
5.26%, 12/11/2026 | 60,000 | 61,015 | ||||||
Truist Financial Corp. | ||||||||
Fixed until 01/26/2033, | 54,000 | 52,544 | ||||||
Fixed until 01/24/2034, | 32,000 | 32,475 | ||||||
UBS Group AG | ||||||||
Fixed until 05/12/2027, | 275,000 | 270,991 | ||||||
Fixed until 09/22/2033, | 404,000 | 427,316 |
Transamerica Funds | Page 2 |
Transamerica Unconstrained Bond
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2024
(unaudited)
Principal | Value | |||||||
CORPORATE DEBT SECURITIES (continued) | ||||||||
Banks (continued) | ||||||||
United Overseas Bank Ltd. | ||||||||
Fixed until 10/14/2026, | $ 660,000 | $ 604,440 | ||||||
Valley National Bancorp | ||||||||
Fixed until 06/15/2026, | 250,000 | 213,743 | ||||||
Wells Fargo & Co. | ||||||||
Fixed until 02/11/2030, | 63,000 | 54,771 | ||||||
Fixed until 10/30/2029, | 29,000 | 25,819 | ||||||
3.00%, 02/19/2025 | 287,000 | 281,202 | ||||||
4.30%, 07/22/2027 | 249,000 | 244,505 | ||||||
Fixed until 01/23/2034, | 28,000 | 28,513 | ||||||
Westpac Banking Corp. | ||||||||
Fixed until 09/21/2027 (E), | 700,000 | 649,058 | ||||||
Zions Bancorp NA | ||||||||
3.25%, 10/29/2029 | 575,000 | 478,611 | ||||||
|
| |||||||
31,289,012 | ||||||||
|
| |||||||
Beverages - 0.4% | ||||||||
Anheuser-Busch InBev Worldwide, Inc. | ||||||||
3.50%, 06/01/2030 | 474,000 | 447,542 | ||||||
Becle SAB de CV | ||||||||
2.50%, 10/14/2031 (D) | 700,000 | 550,200 | ||||||
Constellation Brands, Inc. | ||||||||
4.35%, 05/09/2027 | 30,000 | 29,738 | ||||||
PepsiCo, Inc. | ||||||||
2.25%, 03/19/2025 | 188,000 | 182,788 | ||||||
|
| |||||||
1,210,268 | ||||||||
|
| |||||||
Biotechnology - 0.1% | ||||||||
Amgen, Inc. | ||||||||
5.25%, 03/02/2033 | 164,000 | 167,144 | ||||||
Royalty Pharma PLC | ||||||||
2.15%, 09/02/2031 (F) | 146,000 | 118,836 | ||||||
|
| |||||||
285,980 | ||||||||
|
| |||||||
Broadline Retail - 0.7% | ||||||||
AutoZone, Inc. | ||||||||
6.25%, 11/01/2028 | 21,000 | 22,286 | ||||||
El Puerto de Liverpool SAB de CV | ||||||||
3.88%, 10/06/2026 (D) | 480,000 | 465,336 | ||||||
Genuine Parts Co. | ||||||||
6.50%, 11/01/2028 | 80,000 | 85,089 | ||||||
Kohl’s Corp. | ||||||||
4.63%, 05/01/2031 | 110,000 | 88,000 | ||||||
LS Finance Ltd. | ||||||||
4.88%, 07/15/2024 (D) | 875,000 | 853,139 | ||||||
Prosus NV | ||||||||
3.68%, 01/21/2030 (D) | 370,000 | 322,004 | ||||||
4.03%, 08/03/2050 (D) | 260,000 | 166,039 | ||||||
Walmart, Inc. | ||||||||
3.95%, 09/09/2027 | 184,000 | 182,850 | ||||||
|
| |||||||
2,184,743 | ||||||||
|
| |||||||
Building Products - 0.2% | ||||||||
Home Depot, Inc. | ||||||||
4.90%, 04/15/2029 | 53,000 | 54,232 | ||||||
LBM Acquisition LLC | ||||||||
6.25%, 01/15/2029 (C) | 155,000 | 140,852 | ||||||
Lennox International, Inc. | ||||||||
5.50%, 09/15/2028 | 114,000 | 116,800 |
Principal | Value | |||||||
CORPORATE DEBT SECURITIES (continued) | ||||||||
Building Products (continued) | ||||||||
Park River Holdings, Inc. | ||||||||
6.75%, 08/01/2029 (C) | $ 76,000 | $ 63,768 | ||||||
Standard Industries, Inc. | ||||||||
3.38%, 01/15/2031 (C) | 200,000 | 169,642 | ||||||
|
| |||||||
545,294 | ||||||||
|
| |||||||
Capital Markets - 0.7% | ||||||||
Charles Schwab Corp. | ||||||||
2.45%, 03/03/2027 | 27,000 | 25,202 | ||||||
Huarong Finance 2019 Co. Ltd. | ||||||||
Fixed until 09/30/2025 (E), | 400,000 | 375,640 | ||||||
Huarong Finance Co. Ltd. | ||||||||
4.75%, 04/27/2027 (D) | 500,000 | 467,500 | ||||||
Huarong Finance II Co. Ltd. | ||||||||
5.50%, 01/16/2025 (D) | 500,000 | 492,500 | ||||||
ION Trading Technologies SARL | ||||||||
5.75%, 05/15/2028 (C) | 230,000 | 210,737 | ||||||
SURA Asset Management SA | ||||||||
4.38%, 04/11/2027 (D) | 342,000 | 329,278 | ||||||
4.88%, 04/17/2024 (D) | 300,000 | 298,574 | ||||||
|
| |||||||
2,199,431 | ||||||||
|
| |||||||
Chemicals - 0.7% | ||||||||
Consolidated Energy Finance SA | ||||||||
5.63%, 10/15/2028 (C) | 205,000 | 170,691 | ||||||
Eastman Chemical Co. | ||||||||
5.75%, 03/08/2033 | 64,000 | 65,834 | ||||||
Ecolab, Inc. | ||||||||
5.25%, 01/15/2028 | 155,000 | 159,183 | ||||||
MEGlobal BV | ||||||||
2.63%, 04/28/2028 (D) | 340,000 | 303,601 | ||||||
Nippon Life Insurance Co. | ||||||||
Fixed until 09/13/2033, | 625,000 | 651,007 | ||||||
Nutrien Ltd. | ||||||||
4.90%, 03/27/2028 | 146,000 | 146,649 | ||||||
RPM International, Inc. | ||||||||
4.55%, 03/01/2029 | 355,000 | 347,597 | ||||||
Sociedad Quimica y Minera de Chile SA | ||||||||
6.50%, 11/07/2033 (D) | 450,000 | 465,449 | ||||||
Trinseo Materials Operating SCA/Trinseo Materials Finance, Inc. | ||||||||
5.13%, 04/01/2029 (C) | 176,000 | 68,672 | ||||||
|
| |||||||
2,378,683 | ||||||||
|
| |||||||
Commercial Services & Supplies - 0.6% | ||||||||
Avis Budget Car Rental LLC/Avis Budget Finance, Inc. | ||||||||
5.38%, 03/01/2029 (C) | 75,000 | 69,542 | ||||||
Deluxe Corp. | ||||||||
8.00%, 06/01/2029 (C) | 153,000 | 137,754 | ||||||
Garda World Security Corp. | ||||||||
6.00%, 06/01/2029 (C) | 190,000 | 166,857 | ||||||
Hertz Corp. | ||||||||
4.63%, 12/01/2026 (C) | 75,000 | 67,547 | ||||||
PROG Holdings, Inc. | ||||||||
6.00%, 11/15/2029 (C) | 142,000 | 129,611 | ||||||
Quanta Services, Inc. | ||||||||
2.35%, 01/15/2032 | 70,000 | 56,987 | ||||||
2.90%, 10/01/2030 | 22,000 | 19,285 | ||||||
Republic Services, Inc. | ||||||||
5.00%, 04/01/2034 | 68,000 | 68,616 | ||||||
Siemens Financieringsmaatschappij NV | ||||||||
3.25%, 05/27/2025 (C) | 427,000 | 419,460 |
Transamerica Funds | Page 3 |
Transamerica Unconstrained Bond
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2024
(unaudited)
Principal | Value | |||||||
CORPORATE DEBT SECURITIES (continued) | ||||||||
Commercial Services & Supplies (continued) | ||||||||
Triton Container International Ltd. | ||||||||
3.15%, 06/15/2031 (C) | $ 358,000 | $ 286,358 | ||||||
Upbound Group, Inc. | ||||||||
6.38%, 02/15/2029 (C) | 140,000 | 133,479 | ||||||
Waste Connections, Inc. | ||||||||
4.25%, 12/01/2028 | 201,000 | 198,701 | ||||||
Waste Management, Inc. | ||||||||
4.63%, 02/15/2030 | 27,000 | 27,118 | ||||||
4.88%, 02/15/2034 | 87,000 | 87,475 | ||||||
|
| |||||||
1,868,790 | ||||||||
|
| |||||||
Communications Equipment - 0.1% | ||||||||
Viasat, Inc. | ||||||||
7.50%, 05/30/2031 (C) | 310,000 | 232,500 | ||||||
|
| |||||||
Construction & Engineering - 0.0% (A) | ||||||||
Jacobs Engineering Group, Inc. | ||||||||
5.90%, 03/01/2033 | 32,000 | 32,615 | ||||||
6.35%, 08/18/2028 | 40,000 | 41,771 | ||||||
|
| |||||||
74,386 | ||||||||
|
| |||||||
Construction Materials - 0.1% | ||||||||
Martin Marietta Materials, Inc. | ||||||||
2.40%, 07/15/2031 | 53,000 | 44,706 | ||||||
West China Cement Ltd. | ||||||||
4.95%, 07/08/2026 (D) | 550,000 | 406,548 | ||||||
|
| |||||||
451,254 | ||||||||
|
| |||||||
Consumer Finance - 0.5% | ||||||||
American Express Co. | ||||||||
4.20%, 11/06/2025 | 78,000 | 77,245 | ||||||
Bread Financial Holdings, Inc. | ||||||||
9.75%, 03/15/2029 (C) | 90,000 | 89,877 | ||||||
Capital One Financial Corp. | ||||||||
3.75%, 07/28/2026 | 81,000 | 78,041 | ||||||
Fixed until 02/01/2029, | 27,000 | 27,237 | ||||||
Curo Group Holdings Corp. | ||||||||
7.50%, 08/01/2028 (C) | 293,000 | 71,214 | ||||||
Enova International, Inc. | ||||||||
11.25%, 12/15/2028 (C) | 105,000 | 109,804 | ||||||
goeasy Ltd. | ||||||||
4.38%, 05/01/2026 (C) | 170,000 | 162,152 | ||||||
LFS Topco LLC | ||||||||
5.88%, 10/15/2026 (C) | 90,000 | 82,742 | ||||||
Mastercard, Inc. | ||||||||
2.00%, 03/03/2025 | 221,000 | 214,606 | ||||||
OneMain Finance Corp. | ||||||||
5.38%, 11/15/2029 | 87,000 | 80,500 | ||||||
Synchrony Financial | ||||||||
4.50%, 07/23/2025 | 512,000 | 501,702 | ||||||
|
| |||||||
1,495,120 | ||||||||
|
| |||||||
Consumer Staples Distribution & Retail - 0.3% | ||||||||
Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP | ||||||||
5.88%, 02/15/2028 (C) | 160,000 | 159,627 | ||||||
C&S Group Enterprises LLC | ||||||||
5.00%, 12/15/2028 (C) | 211,000 | 171,353 | ||||||
Cencosud SA | ||||||||
4.38%, 07/17/2027 (D) | 550,000 | 529,912 | ||||||
Performance Food Group, Inc. | ||||||||
5.50%, 10/15/2027 (C) | 85,000 | 83,441 | ||||||
|
| |||||||
944,333 | ||||||||
|
|
Principal | Value | |||||||
CORPORATE DEBT SECURITIES (continued) | ||||||||
Containers & Packaging - 0.4% | ||||||||
Amcor Flexibles North America, Inc. | ||||||||
2.69%, 05/25/2031 | $ 220,000 | $ 189,385 | ||||||
Clydesdale Acquisition Holdings, Inc. | ||||||||
8.75%, 04/15/2030 (C) | 190,000 | 180,496 | ||||||
Crown Americas LLC | ||||||||
5.25%, 04/01/2030 | 172,000 | 166,195 | ||||||
Packaging Corp. of America | ||||||||
5.70%, 12/01/2033 | 85,000 | 89,146 | ||||||
Silgan Holdings, Inc. | ||||||||
4.13%, 02/01/2028 | 105,000 | 98,324 | ||||||
Sonoco Products Co. | ||||||||
1.80%, 02/01/2025 | 451,000 | 435,875 | ||||||
|
| |||||||
1,159,421 | ||||||||
|
| |||||||
Distributors - 0.0% (A) | ||||||||
Windsor Holdings III LLC | ||||||||
8.50%, 06/15/2030 (C) | 125,000 | 129,694 | ||||||
|
| |||||||
Diversified REITs - 0.3% | ||||||||
American Tower Corp. | ||||||||
2.30%, 09/15/2031 | 68,000 | 56,195 | ||||||
Crown Castle, Inc. | ||||||||
5.00%, 01/11/2028 | 115,000 | 114,318 | ||||||
5.60%, 06/01/2029 | 53,000 | 53,968 | ||||||
HAT Holdings I LLC/HAT Holdings II LLC | ||||||||
3.38%, 06/15/2026 (C) | 175,000 | 163,309 | ||||||
Trust Fibra Uno | ||||||||
4.87%, 01/15/2030 (D) | 530,000 | 484,174 | ||||||
Weyerhaeuser Co. | ||||||||
4.75%, 05/15/2026 | 81,000 | 80,580 | ||||||
|
| |||||||
952,544 | ||||||||
|
| |||||||
Diversified Telecommunication Services - 0.5% | ||||||||
AT&T, Inc. | ||||||||
4.10%, 02/15/2028 | 403,000 | 394,162 | ||||||
5.40%, 02/15/2034 | 57,000 | 58,417 | ||||||
Network i2i Ltd. | ||||||||
Fixed until 01/15/2025 (E), | 900,000 | 887,625 | ||||||
Verizon Communications, Inc. | ||||||||
4.02%, 12/03/2029 | 403,000 | 387,719 | ||||||
5.05%, 05/09/2033 | 60,000 | 60,547 | ||||||
|
| |||||||
1,788,470 | ||||||||
|
| |||||||
Electric Utilities - 2.1% | ||||||||
AES Corp. | ||||||||
5.45%, 06/01/2028 | 57,000 | 57,716 | ||||||
Alliant Energy Finance LLC | ||||||||
5.95%, 03/30/2029 (C) | 40,000 | 41,572 | ||||||
Ameren Corp. | ||||||||
5.70%, 12/01/2026 | 39,000 | 39,862 | ||||||
American Electric Power Co., Inc. | ||||||||
5.63%, 03/01/2033 | 52,000 | 53,592 | ||||||
Avangrid, Inc. | ||||||||
3.20%, 04/15/2025 | 257,000 | 250,227 | ||||||
Berkshire Hathaway Energy Co. | ||||||||
3.25%, 04/15/2028 | 201,000 | 190,524 | ||||||
Buffalo Energy Mexico Holdings/Buffalo Energy Infrastructure/Buffalo Energy | ||||||||
7.88%, 02/15/2039 (C) | 200,000 | 206,780 | ||||||
Clean Renewable Power Mauritius Pte. Ltd. | ||||||||
4.25%, 03/25/2027 (D) | 585,000 | 541,809 | ||||||
Colbun SA | ||||||||
3.95%, 10/11/2027 (D) | 550,000 | 528,976 |
Transamerica Funds | Page 4 |
Transamerica Unconstrained Bond
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2024
(unaudited)
Principal | Value | |||||||
CORPORATE DEBT SECURITIES (continued) | ||||||||
Electric Utilities (continued) | ||||||||
Diamond II Ltd. | ||||||||
7.95%, 07/28/2026 (D) | $ 450,000 | $ 456,154 | ||||||
DTE Energy Co. | ||||||||
4.88%, 06/01/2028 | 83,000 | 83,272 | ||||||
Electricite de France SA | ||||||||
5.70%, 05/23/2028 (C) | 211,000 | 217,583 | ||||||
ENEL Finance International NV | ||||||||
3.50%, 04/06/2028 (C) | 300,000 | 282,672 | ||||||
Engie Energia Chile SA | ||||||||
3.40%, 01/28/2030 (D) | 350,000 | 306,265 | ||||||
Kallpa Generacion SA | ||||||||
4.13%, 08/16/2027 (D) | 320,000 | 301,254 | ||||||
Kentucky Power Co. | ||||||||
7.00%, 11/15/2033 (C) | 124,000 | 133,314 | ||||||
LLPL Capital Pte. Ltd. | ||||||||
6.88%, 02/04/2039 (D) | 329,886 | 316,032 | ||||||
Metropolitan Edison Co. | ||||||||
5.20%, 04/01/2028 (C) | 120,000 | 121,286 | ||||||
Minejesa Capital BV | ||||||||
5.63%, 08/10/2037 (D) | 900,000 | 778,144 | ||||||
National Rural Utilities Cooperative Finance Corp. | ||||||||
1.88%, 02/07/2025 | 136,000 | 131,791 | ||||||
3-Month Term SOFR + 3.17%, | 463,000 | 457,221 | ||||||
New York State Electric & Gas Corp. | ||||||||
5.85%, 08/15/2033 (C) | 78,000 | 81,483 | ||||||
NextEra Energy Capital Holdings, Inc. | ||||||||
5.75%, 09/01/2025 | 47,000 | 47,472 | ||||||
Pacific Gas & Electric Co. | ||||||||
4.95%, 06/08/2025 | 110,000 | 109,459 | ||||||
PacifiCorp | ||||||||
5.10%, 02/15/2029 | 56,000 | 56,627 | ||||||
Pattern Energy Operations LP/Pattern Energy Operations, Inc. | ||||||||
4.50%, 08/15/2028 (C) | 140,000 | 130,411 | ||||||
Perusahaan Perseroan Persero PT Perusahaan Listrik Negara | ||||||||
3.88%, 07/17/2029 (D) | 490,000 | 456,101 | ||||||
Public Service Co. of Colorado | ||||||||
3.70%, 06/15/2028 | 351,000 | 339,349 | ||||||
Southern California Edison Co. | ||||||||
4.88%, 02/01/2027 | 65,000 | 65,110 | ||||||
Southwestern Electric Power Co. | ||||||||
5.30%, 04/01/2033 | 37,000 | 37,105 | ||||||
Vistra Operations Co. LLC | ||||||||
5.00%, 07/31/2027 (C) | 137,000 | 132,652 | ||||||
|
| |||||||
6,951,815 | ||||||||
|
| |||||||
Electrical Equipment - 0.0% (A) | ||||||||
EnerSys | ||||||||
6.63%, 01/15/2032 (C) | 28,000 | 28,371 | ||||||
|
| |||||||
Electronic Equipment, Instruments & Components - 0.1% | ||||||||
Honeywell International, Inc. | ||||||||
1.75%, 09/01/2031 | 110,000 | 90,453 | ||||||
4.25%, 01/15/2029 | 59,000 | 58,638 | ||||||
Jabil, Inc. | ||||||||
5.45%, 02/01/2029 | 28,000 | 28,568 | ||||||
Trimble, Inc. | ||||||||
4.75%, 12/01/2024 | 30,000 | 29,773 | ||||||
6.10%, 03/15/2033 | 25,000 | 26,275 |
Principal | Value | |||||||
CORPORATE DEBT SECURITIES (continued) | ||||||||
Electronic Equipment, Instruments & Components (continued) | ||||||||
TTM Technologies, Inc. | ||||||||
4.00%, 03/01/2029 (C) | $ 153,000 | $ 137,912 | ||||||
Vontier Corp. | ||||||||
2.95%, 04/01/2031 | 64,000 | 53,248 | ||||||
|
| |||||||
424,867 | ||||||||
|
| |||||||
Energy Equipment & Services - 1.0% | ||||||||
Continuum Energy Levanter Pte. Ltd. | ||||||||
4.50%, 02/09/2027 (D) | 623,875 | 594,292 | ||||||
Greenko Wind Projects Mauritius Ltd. | ||||||||
5.50%, 04/06/2025 (D) | 1,400,000 | 1,379,140 | ||||||
Halliburton Co. | ||||||||
4.75%, 08/01/2043 | 110,000 | 103,243 | ||||||
India Cleantech Energy | ||||||||
4.70%, 08/10/2026 (D) | 221,000 | 205,906 | ||||||
India Green Power Holdings | ||||||||
4.00%, 02/22/2027 (D) | 850,000 | 784,141 | ||||||
Nabors Industries, Inc. | ||||||||
7.38%, 05/15/2027 (C) | 188,000 | 184,734 | ||||||
Valaris Ltd. | ||||||||
8.38%, 04/30/2030 (C) | 85,000 | 86,876 | ||||||
|
| |||||||
3,338,332 | ||||||||
|
| |||||||
Entertainment - 0.1% | ||||||||
Netflix, Inc. | ||||||||
4.88%, 04/15/2028 | 201,000 | 202,409 | ||||||
|
| |||||||
Financial Services - 0.5% | ||||||||
Ally Financial, Inc. | ||||||||
6.70%, 02/14/2033 | 90,000 | 90,146 | ||||||
CMB International Leasing Management Ltd. | ||||||||
1.25%, 09/16/2024 (D) | 460,000 | 447,203 | ||||||
Cobra AcquisitionCo LLC | ||||||||
6.38%, 11/01/2029 (C) | 175,000 | 142,187 | ||||||
Credit Acceptance Corp. | ||||||||
9.25%, 12/15/2028 (C) | 80,000 | 84,200 | ||||||
Power Finance Corp. Ltd. | ||||||||
3.95%, 04/23/2030 (D) (F) | 340,000 | 313,398 | ||||||
Shriram Finance Ltd. | ||||||||
4.40%, 03/13/2024 (D) | 600,000 | 597,540 | ||||||
|
| |||||||
1,674,674 | ||||||||
|
| |||||||
Food Products - 1.7% | ||||||||
General Mills, Inc. | ||||||||
4.70%, 01/30/2027 | 31,000 | 31,027 | ||||||
4.95%, 03/29/2033 | 40,000 | 39,995 | ||||||
5.50%, 10/17/2028 | 27,000 | 27,914 | ||||||
Grupo Bimbo SAB de CV | ||||||||
4.00%, 09/06/2049 (D) | 640,000 | 499,072 | ||||||
Hormel Foods Corp. | ||||||||
0.65%, 06/03/2024 | 121,000 | 119,050 | ||||||
J M Smucker Co. | ||||||||
5.90%, 11/15/2028 | 52,000 | 54,357 | ||||||
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance, Inc. | ||||||||
3.75%, 12/01/2031 | 310,000 | 265,758 | ||||||
6.50%, 12/01/2052 | 200,000 | 201,248 | ||||||
Land O’Lakes, Inc. | ||||||||
7.00%, 09/18/2028 (C) (E) | 4,470,000 | 3,374,850 | ||||||
Mars, Inc. | ||||||||
4.65%, 04/20/2031 (C) | 37,000 | 36,840 | ||||||
McCormick & Co., Inc. | ||||||||
4.95%, 04/15/2033 | 32,000 | 31,935 | ||||||
Nestle Holdings, Inc. | ||||||||
3.50%, 09/24/2025 (C) | 354,000 | 348,266 | ||||||
5.25%, 03/13/2026 (C) | 153,000 | 155,291 |
Transamerica Funds | Page 5 |
Transamerica Unconstrained Bond
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2024
(unaudited)
Principal | Value | |||||||
CORPORATE DEBT SECURITIES (continued) | ||||||||
Food Products (continued) | ||||||||
Sigma Alimentos SA de CV | ||||||||
4.13%, 05/02/2026 (D) | $ 460,000 | $ 447,021 | ||||||
Smithfield Foods, Inc. | ||||||||
5.20%, 04/01/2029 (C) | 68,000 | 65,631 | ||||||
|
| |||||||
5,698,255 | ||||||||
|
| |||||||
Gas Utilities - 0.2% | ||||||||
Ferrellgas LP/Ferrellgas Finance Corp. | ||||||||
5.38%, 04/01/2026 (C) | 135,000 | 133,003 | ||||||
Grupo Energia Bogota SA ESP | ||||||||
4.88%, 05/15/2030 (D) | 320,000 | 301,749 | ||||||
KeySpan Gas East Corp. | ||||||||
5.99%, 03/06/2033 (C) | 78,000 | 78,967 | ||||||
Promigas SA ESP/Gases del Pacifico SAC | ||||||||
3.75%, 10/16/2029 (D) | 250,000 | 217,679 | ||||||
|
| |||||||
731,398 | ||||||||
|
| |||||||
Ground Transportation - 0.1% | ||||||||
Canadian Pacific Railway Co. | ||||||||
1.35%, 12/02/2024 | 199,000 | 192,529 | ||||||
CSX Corp. | ||||||||
3.25%, 06/01/2027 | 92,000 | 88,420 | ||||||
|
| |||||||
280,949 | ||||||||
|
| |||||||
Health Care Equipment & Supplies - 0.1% | ||||||||
Agilent Technologies, Inc. | ||||||||
2.30%, 03/12/2031 | 146,000 | 124,906 | ||||||
GE HealthCare Technologies, Inc. | ||||||||
5.65%, 11/15/2027 | 251,000 | 258,842 | ||||||
Stryker Corp. | ||||||||
4.85%, 12/08/2028 | 64,000 | 64,619 | ||||||
|
| |||||||
448,367 | ||||||||
|
| |||||||
Health Care Providers & Services - 0.5% | ||||||||
Cardinal Health, Inc. | ||||||||
4.60%, 03/15/2043 | 146,000 | 128,522 | ||||||
CHS/Community Health Systems, Inc. | ||||||||
5.63%, 03/15/2027 (C) | 278,000 | 256,847 | ||||||
Cigna Group | ||||||||
2.40%, 03/15/2030 | 53,000 | 46,257 | ||||||
CVS Health Corp. | ||||||||
4.78%, 03/25/2038 | 220,000 | 206,399 | ||||||
DaVita, Inc. | ||||||||
4.63%, 06/01/2030 (C) | 75,000 | 66,363 | ||||||
HCA, Inc. | ||||||||
3.38%, 03/15/2029 | 23,000 | 21,227 | ||||||
3.50%, 09/01/2030 | 138,000 | 125,113 | ||||||
Roche Holdings, Inc. | ||||||||
2.13%, 03/10/2025 (C) | 261,000 | 253,783 | ||||||
5.49%, 11/13/2030 (C) | 243,000 | 255,718 | ||||||
UnitedHealth Group, Inc. | ||||||||
3.75%, 07/15/2025 | 326,000 | 321,631 | ||||||
|
| |||||||
1,681,860 | ||||||||
|
| |||||||
Health Care REITs - 0.0% (A) | ||||||||
Omega Healthcare Investors, Inc. | ||||||||
3.38%, 02/01/2031 | 150,000 | 128,504 | ||||||
|
| |||||||
Hotel & Resort REITs - 0.0% (A) | ||||||||
Service Properties Trust | ||||||||
4.95%, 10/01/2029 | 110,000 | 91,431 | ||||||
5.50%, 12/15/2027 | 11,000 | 10,348 | ||||||
|
| |||||||
101,779 | ||||||||
|
|
Principal | Value | |||||||
CORPORATE DEBT SECURITIES (continued) | ||||||||
Hotels, Restaurants & Leisure - 2.9% | ||||||||
Caesars Entertainment, Inc. | ||||||||
4.63%, 10/15/2029 (C) | $ 8,000 | $ 7,303 | ||||||
6.50%, 02/15/2032 (C) (H) | 13,000 | 13,154 | ||||||
Carnival Corp. | ||||||||
6.00%, 05/01/2029 (C) | 230,000 | 222,842 | ||||||
10.50%, 06/01/2030 (C) | 115,000 | 126,270 | ||||||
CEC Entertainment LLC | ||||||||
6.75%, 05/01/2026 (C) | 133,000 | 132,128 | ||||||
Champion Path Holdings Ltd. | ||||||||
4.50%, 01/27/2026 (D) | 200,000 | 188,993 | ||||||
Fertitta Entertainment LLC/Fertitta Entertainment Finance Co., Inc. | ||||||||
6.75%, 01/15/2030 (C) | 70,000 | 62,941 | ||||||
Fortune Star BVI Ltd. | ||||||||
5.00%, 05/18/2026 (D) | 200,000 | 166,283 | ||||||
5.95%, 10/19/2025 (D) | 200,000 | 180,000 | ||||||
6.85%, 07/02/2024 (D) | 350,000 | 340,725 | ||||||
GENM Capital Labuan Ltd. | ||||||||
3.88%, 04/19/2031 (D) | 740,000 | 638,315 | ||||||
Gohl Capital Ltd. | ||||||||
4.25%, 01/24/2027 (D) | 310,000 | 298,404 | ||||||
Hyatt Hotels Corp. | ||||||||
5.75%, 01/30/2027 | 37,000 | 37,836 | ||||||
Marriott International, Inc. | ||||||||
2.85%, 04/15/2031 | 220,000 | 190,843 | ||||||
4.90%, 04/15/2029 | 28,000 | 28,158 | ||||||
McDonald’s Corp. | ||||||||
3.30%, 07/01/2025 | 287,000 | 281,103 | ||||||
4.80%, 08/14/2028 | 146,000 | 148,175 | ||||||
Meituan | ||||||||
3.05%, 10/28/2030 (D) | 480,000 | 408,569 | ||||||
Melco Resorts Finance Ltd. | ||||||||
4.88%, 06/06/2025 (D) | 800,000 | 778,000 | ||||||
5.25%, 04/26/2026 (D) | 200,000 | 191,250 | ||||||
5.38%, 12/04/2029 (C) | 210,000 | 185,600 | ||||||
MGM China Holdings Ltd. | ||||||||
5.38%, 05/15/2024 (D) | 1,100,000 | 1,092,296 | ||||||
NCL Corp. Ltd. | ||||||||
5.88%, 03/15/2026 (C) | 185,000 | 180,491 | ||||||
7.75%, 02/15/2029 (C) | 7,000 | 7,067 | ||||||
Raising Cane’s Restaurants LLC | ||||||||
9.38%, 05/01/2029 (C) | 54,000 | 58,099 | ||||||
Sands China Ltd. | ||||||||
4.05%, 01/08/2026 | 200,000 | 192,615 | ||||||
5.65%, 08/08/2028 | 350,000 | 343,999 | ||||||
Studio City Co. Ltd. | ||||||||
7.00%, 02/15/2027 (D) | 500,000 | 494,087 | ||||||
Studio City Finance Ltd. | ||||||||
5.00%, 01/15/2029 (D) | 1,050,000 | 896,438 | ||||||
6.50%, 01/15/2028 (D) | 200,000 | 185,500 | ||||||
Travel & Leisure Co. | ||||||||
6.00%, 04/01/2027 | 115,000 | 115,027 | ||||||
Warnermedia Holdings, Inc. | ||||||||
3.64%, 03/15/2025 | 27,000 | 26,483 | ||||||
4.05%, 03/15/2029 | 91,000 | 86,106 | ||||||
4.28%, 03/15/2032 | 47,000 | 42,983 | ||||||
5.05%, 03/15/2042 | 138,000 | 122,059 | ||||||
Wynn Macau Ltd. | ||||||||
5.50%, 01/15/2026 (D) | 800,000 | 774,800 | ||||||
5.63%, 08/26/2028 (D) | 200,000 | 186,183 | ||||||
|
| |||||||
9,431,125 | ||||||||
|
| |||||||
Independent Power & Renewable Electricity Producers - 0.1% | ||||||||
Calpine Corp. | ||||||||
5.00%, 02/01/2031 (C) | 153,000 | 138,817 |
Transamerica Funds | Page 6 |
Transamerica Unconstrained Bond
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2024
(unaudited)
Principal | Value | |||||||
CORPORATE DEBT SECURITIES (continued) | ||||||||
Independent Power & Renewable Electricity Producers (continued) | ||||||||
Clearway Energy Operating LLC | ||||||||
3.75%, 01/15/2032 (C) | $ 60,000 | $ 50,962 | ||||||
NextEra Energy Operating Partners LP | ||||||||
7.25%, 01/15/2029 (C) | 125,000 | 128,759 | ||||||
NRG Energy, Inc. | ||||||||
3.63%, 02/15/2031 (C) | 185,000 | 158,540 | ||||||
|
| |||||||
477,078 | ||||||||
|
| |||||||
Insurance - 0.8% | ||||||||
Americo Life, Inc. | ||||||||
3.45%, 04/15/2031 (C) | 129,000 | 101,423 | ||||||
Athene Global Funding | ||||||||
1.73%, 10/02/2026 (C) | 153,000 | 138,727 | ||||||
Enstar Group Ltd. | ||||||||
4.95%, 06/01/2029 | 159,000 | 155,397 | ||||||
Jones Deslauriers Insurance Management, Inc. | ||||||||
8.50%, 03/15/2030 (C) | 128,000 | 132,800 | ||||||
Liberty Mutual Group, Inc. | ||||||||
4.30%, 02/01/2061 (C) | 1,822,000 | 1,184,765 | ||||||
Northwestern Mutual Global Funding | ||||||||
4.35%, 09/15/2027 (C) | 56,000 | 55,099 | ||||||
Ryan Specialty LLC | ||||||||
4.38%, 02/01/2030 (C) | 55,000 | 50,991 | ||||||
Security Benefit Global Funding | ||||||||
1.25%, 05/17/2024 (C) | 160,000 | 157,852 | ||||||
Sumitomo Life Insurance Co. | ||||||||
Fixed until 01/18/2034 (E), 5.88% (B) (C) | 405,000 | 404,892 | ||||||
Willis North America, Inc. | ||||||||
4.65%, 06/15/2027 | 122,000 | 121,002 | ||||||
|
| |||||||
2,502,948 | ||||||||
|
| |||||||
Interactive Media & Services - 0.3% | ||||||||
Alphabet, Inc. | ||||||||
0.45%, 08/15/2025 | 207,000 | 195,029 | ||||||
NAVER Corp. | ||||||||
1.50%, 03/29/2026 (D) | 340,000 | 314,531 | ||||||
Tencent Holdings Ltd. | ||||||||
2.39%, 06/03/2030 (D) (F) | 450,000 | 386,049 | ||||||
|
| |||||||
895,609 | ||||||||
|
| |||||||
Internet & Catalog Retail - 0.3% | ||||||||
Alibaba Group Holding Ltd. | ||||||||
4.20%, 12/06/2047 | 420,000 | 341,980 | ||||||
Amazon.com, Inc. | ||||||||
2.80%, 08/22/2024 | 197,000 | 194,376 | ||||||
3.30%, 04/13/2027 | 61,000 | 59,204 | ||||||
4.65%, 12/01/2029 | 249,000 | 253,913 | ||||||
Expedia Group, Inc. | ||||||||
2.95%, 03/15/2031 | 128,000 | 112,043 | ||||||
GrubHub Holdings, Inc. | ||||||||
5.50%, 07/01/2027 (C) | 141,000 | 123,063 | ||||||
|
| |||||||
1,084,579 | ||||||||
|
| |||||||
IT Services - 0.1% | ||||||||
Ahead DB Holdings LLC | ||||||||
6.63%, 05/01/2028 (C) | 150,000 | 131,812 | ||||||
CA Magnum Holdings | ||||||||
5.38%, 10/31/2026 (D) | 265,000 | 248,391 | ||||||
Leidos, Inc. | ||||||||
5.75%, 03/15/2033 | 44,000 | 45,366 | ||||||
|
| |||||||
425,569 | ||||||||
|
|
Principal | Value | |||||||
CORPORATE DEBT SECURITIES (continued) | ||||||||
Life Sciences Tools & Services - 0.0% (A) | ||||||||
Thermo Fisher Scientific, Inc. | ||||||||
5.00%, 01/31/2029 | $ 53,000 | $ 54,187 | ||||||
|
| |||||||
Machinery - 0.4% | ||||||||
Caterpillar Financial Services Corp. | ||||||||
3.60%, 08/12/2027 | 372,000 | 363,720 | ||||||
5.40%, 03/10/2025 | 86,000 | 86,629 | ||||||
CNH Industrial Capital LLC | ||||||||
5.50%, 01/12/2029 | 75,000 | 77,084 | ||||||
Daimler Truck Finance North America LLC | ||||||||
5.13%, 01/19/2028 (C) | 150,000 | 151,635 | ||||||
John Deere Capital Corp. | ||||||||
0.45%, 06/07/2024 | 108,000 | 106,244 | ||||||
4.95%, 07/14/2028 | 38,000 | 38,852 | ||||||
nVent Finance SARL | ||||||||
2.75%, 11/15/2031 | 225,000 | 186,567 | ||||||
Weir Group PLC | ||||||||
2.20%, 05/13/2026 (C) | 259,000 | 240,864 | ||||||
|
| |||||||
1,251,595 | ||||||||
|
| |||||||
Media - 0.5% | ||||||||
Altice Financing SA | ||||||||
5.00%, 01/15/2028 (C) | 330,000 | 296,248 | ||||||
CCO Holdings LLC/CCO Holdings Capital Corp. | ||||||||
4.50%, 08/15/2030 (C) | 205,000 | 178,146 | ||||||
Charter Communications Operating LLC/Charter Communications Operating Capital | ||||||||
2.80%, 04/01/2031 | 230,000 | 190,107 | ||||||
3.50%, 06/01/2041 | 92,000 | 64,116 | ||||||
Comcast Corp. | ||||||||
3.40%, 04/01/2030 | 39,000 | 36,355 | ||||||
4.15%, 10/15/2028 | 170,000 | 167,426 | ||||||
Cox Communications, Inc. | ||||||||
5.45%, 09/15/2028 (C) | 56,000 | 57,138 | ||||||
CSC Holdings LLC | ||||||||
5.75%, 01/15/2030 (C) | 200,000 | 106,000 | ||||||
Paramount Global | ||||||||
Fixed until 03/30/2027, | 300,000 | 266,250 | ||||||
Univision Communications, Inc. | ||||||||
6.63%, 06/01/2027 (C) | 130,000 | 128,612 | ||||||
|
| |||||||
1,490,398 | ||||||||
|
| |||||||
Metals & Mining - 1.6% | ||||||||
Anglo American Capital PLC | ||||||||
4.75%, 03/16/2052 (D) | 400,000 | 344,981 | ||||||
5.50%, 05/02/2033 (C) (F) | 310,000 | 309,684 | ||||||
Antofagasta PLC | ||||||||
5.63%, 05/13/2032 (D) | 310,000 | 309,309 | ||||||
Cleveland-Cliffs, Inc. | ||||||||
4.63%, 03/01/2029 (C) | 75,000 | 70,313 | ||||||
Enviri Corp. | ||||||||
5.75%, 07/31/2027 (C) | 265,000 | 249,093 | ||||||
FMG Resources August 2006 Pty. Ltd. | ||||||||
4.38%, 04/01/2031 (C) | 145,000 | 130,752 | ||||||
Gold Fields Orogen Holdings BVI Ltd. | ||||||||
6.13%, 05/15/2029 (D) | 370,000 | 376,765 | ||||||
GUSAP III LP | ||||||||
4.25%, 01/21/2030 (D) | 320,000 | 303,795 | ||||||
7.25%, 04/16/2044 (D) | 200,000 | 217,261 | ||||||
Hudbay Minerals, Inc. | ||||||||
6.13%, 04/01/2029 (C) | 50,000 | 49,272 |
Transamerica Funds | Page 7 |
Transamerica Unconstrained Bond
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2024
(unaudited)
Principal | Value | |||||||
CORPORATE DEBT SECURITIES (continued) | ||||||||
Metals & Mining (continued) | ||||||||
JSW Steel Ltd. | ||||||||
5.05%, 04/05/2032 (D) | $ 400,000 | $ 354,492 | ||||||
Minera Mexico SA de CV | ||||||||
4.50%, 01/26/2050 (D) | 540,000 | 421,327 | ||||||
Mineral Resources Ltd. | ||||||||
9.25%, 10/01/2028 (C) | 184,000 | 193,780 | ||||||
Perenti Finance Pty. Ltd. | ||||||||
6.50%, 10/07/2025 (D) | 650,000 | 638,625 | ||||||
POSCO | ||||||||
4.38%, 08/04/2025 (D) | 300,000 | 295,800 | ||||||
4.88%, 01/23/2027 (C) | 210,000 | 208,745 | ||||||
South32 Treasury Ltd. | ||||||||
4.35%, 04/14/2032 (C) | 279,000 | 252,420 | ||||||
Vale Overseas Ltd. | ||||||||
6.13%, 06/12/2033 | 450,000 | 459,656 | ||||||
|
| |||||||
5,186,070 | ||||||||
|
| |||||||
Mortgage Real Estate Investment Trusts - 0.0% (A) | ||||||||
Apollo Commercial Real Estate Finance, Inc. | ||||||||
4.63%, 06/15/2029 (C) | 160,000 | 134,022 | ||||||
|
| |||||||
Oil, Gas & Consumable Fuels - 4.1% | ||||||||
Apache Corp. | ||||||||
6.00%, 01/15/2037 | 45,000 | 44,464 | ||||||
BP Capital Markets America, Inc. | ||||||||
4.89%, 09/11/2033 | 250,000 | 250,906 | ||||||
Chevron Corp. | ||||||||
2.24%, 05/11/2030 | 184,000 | 163,038 | ||||||
Chevron USA, Inc. | ||||||||
3.90%, 11/15/2024 | 270,000 | 267,837 | ||||||
Civitas Resources, Inc. | ||||||||
8.75%, 07/01/2031 (C) | 160,000 | 170,162 | ||||||
Comstock Resources, Inc. | ||||||||
5.88%, 01/15/2030 (C) | 130,000 | 112,865 | ||||||
Crescent Energy Finance LLC | ||||||||
7.25%, 05/01/2026 (C) | 129,000 | 128,516 | ||||||
EIG Pearl Holdings SARL | ||||||||
3.55%, 08/31/2036 (D) | 300,000 | 252,930 | ||||||
4.39%, 11/30/2046 (D) | 490,000 | 374,169 | ||||||
Energy Transfer LP | ||||||||
4.95%, 05/15/2028 | 201,000 | 200,388 | ||||||
6.40%, 12/01/2030 | 50,000 | 53,136 | ||||||
Fixed until 02/15/2029, | 2,000,000 | 2,070,200 | ||||||
EnLink Midstream Partners LP | ||||||||
3-Month Term SOFR + 4.37%, | 1,400,000 | 1,312,500 | ||||||
Enterprise Products Operating LLC | ||||||||
4.60%, 01/11/2027 | 80,000 | 80,210 | ||||||
EQT Corp. | ||||||||
3.63%, 05/15/2031 (C) | 171,000 | 152,356 | ||||||
Galaxy Pipeline Assets Bidco Ltd. | ||||||||
2.94%, 09/30/2040 (D) | 559,872 | 448,200 | ||||||
Genesis Energy LP/Genesis Energy Finance Corp. | ||||||||
8.88%, 04/15/2030 | 215,000 | 224,936 | ||||||
GNL Quintero SA | ||||||||
4.63%, 07/31/2029 (D) | 536,560 | 528,265 | ||||||
Greensaif Pipelines Bidco SARL | ||||||||
6.13%, 02/23/2038 (D) | 470,000 | 480,498 | ||||||
Harvest Midstream I LP | ||||||||
7.50%, 09/01/2028 (C) | 129,000 | 130,308 | ||||||
HF Sinclair Corp. | ||||||||
5.00%, 02/01/2028 (C) | 57,000 | 55,292 |
Principal | Value | |||||||
CORPORATE DEBT SECURITIES (continued) | ||||||||
Oil, Gas & Consumable Fuels (continued) | ||||||||
Hilcorp Energy I LP/Hilcorp Finance Co. | ||||||||
6.00%, 02/01/2031 (C) | $ 185,000 | $ 177,654 | ||||||
Howard Midstream Energy Partners LLC | ||||||||
8.88%, 07/15/2028 (C) | 170,000 | 178,546 | ||||||
Indika Energy Capital IV Pte. Ltd. | ||||||||
8.25%, 10/22/2025 (D) | 875,000 | 874,185 | ||||||
ITT Holdings LLC | ||||||||
6.50%, 08/01/2029 (C) | 195,000 | 170,568 | ||||||
Kodiak Gas Services LLC | ||||||||
7.25%, 02/15/2029 (C) | 15,000 | 15,161 | ||||||
Medco Oak Tree Pte. Ltd. | ||||||||
7.38%, 05/14/2026 (D) | 839,000 | 834,805 | ||||||
NGL Energy Operating LLC/NGL Energy Finance Corp. | ||||||||
7.50%, 02/01/2026 (C) | 111,000 | 113,109 | ||||||
8.13%, 02/15/2029 (C) (H) | 15,000 | 15,079 | ||||||
8.38%, 02/15/2032 (C) (H) | 43,000 | 43,331 | ||||||
Occidental Petroleum Corp. | ||||||||
6.13%, 01/01/2031 | 82,000 | 85,132 | ||||||
Pertamina Persero PT | ||||||||
3.10%, 08/27/2030 (D) | 300,000 | 266,532 | ||||||
6.45%, 05/30/2044 (D) | 300,000 | 316,557 | ||||||
Petroleos Mexicanos | ||||||||
10.00%, 02/07/2033 (F) | 727,000 | 719,149 | ||||||
Pioneer Natural Resources Co. | ||||||||
5.10%, 03/29/2026 | 44,000 | 44,303 | ||||||
Plains All American Pipeline LP/PAA Finance Corp. | ||||||||
6.65%, 01/15/2037 | 14,000 | 15,055 | ||||||
Reliance Industries Ltd. | ||||||||
2.88%, 01/12/2032 (D) | 360,000 | 307,053 | ||||||
Saudi Arabian Oil Co. | ||||||||
3.50%, 11/24/2070 (D) | 500,000 | 318,750 | ||||||
Strathcona Resources Ltd. | ||||||||
6.88%, 08/01/2026 (C) (F) | 176,000 | 174,309 | ||||||
Talos Production, Inc. | ||||||||
9.00%, 02/01/2029 (C) (H) | 15,000 | 15,200 | ||||||
9.38%, 02/01/2031 (C) (H) | 46,000 | 47,044 | ||||||
Targa Resources Corp. | ||||||||
6.15%, 03/01/2029 | 52,000 | 54,313 | ||||||
Targa Resources Partners LP/Targa Resources Partners Finance Corp. | ||||||||
6.50%, 07/15/2027 | 184,000 | 187,266 | ||||||
Transportadora de Gas del Peru SA | ||||||||
4.25%, 04/30/2028 (D) | 620,000 | 605,816 | ||||||
Vital Energy, Inc. | ||||||||
9.75%, 10/15/2030 | 159,000 | 169,059 | ||||||
Williams Cos., Inc. | ||||||||
5.75%, 06/24/2044 | 201,000 | 203,410 | ||||||
|
| |||||||
13,452,562 | ||||||||
|
| |||||||
Paper & Forest Products - 0.2% | ||||||||
Georgia-Pacific LLC | ||||||||
0.95%, 05/15/2026 (C) | 143,000 | 131,275 | ||||||
Inversiones CMPC SA | ||||||||
3.85%, 01/13/2030 (D) | 330,000 | 300,511 | ||||||
Suzano Austria GmbH | ||||||||
5.00%, 01/15/2030 | 320,000 | 304,790 | ||||||
|
| |||||||
736,576 | ||||||||
|
| |||||||
Passenger Airlines - 0.2% | ||||||||
American Airlines, Inc. | ||||||||
7.25%, 02/15/2028 (C) (F) | 218,000 | 221,602 | ||||||
British Airways Pass-Through Trust | ||||||||
2.90%, 09/15/2036 (C) | 46,243 | 39,925 |
Transamerica Funds | Page 8 |
Transamerica Unconstrained Bond
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2024
(unaudited)
Principal | Value | |||||||
CORPORATE DEBT SECURITIES (continued) | ||||||||
Passenger Airlines (continued) | ||||||||
Hawaiian Brand Intellectual Property Ltd./HawaiianMiles Loyalty Ltd. | ||||||||
5.75%, 01/20/2026 (C) | $ 198,192 | $ 185,310 | ||||||
United Airlines, Inc. | ||||||||
4.63%, 04/15/2029 (C) | 145,000 | 134,297 | ||||||
|
| |||||||
581,134 | ||||||||
|
| |||||||
Personal Care Products - 0.2% | ||||||||
Estee Lauder Cos., Inc. | ||||||||
4.38%, 05/15/2028 | 57,000 | 56,915 | ||||||
Haleon UK Capital PLC | ||||||||
3.13%, 03/24/2025 | 258,000 | 252,405 | ||||||
HLF Financing SARL LLC/Herbalife International, Inc. | ||||||||
4.88%, 06/01/2029 (C) | 235,000 | 183,594 | ||||||
Kenvue, Inc. | ||||||||
4.90%, 03/22/2033 | 48,000 | 48,910 | ||||||
Procter & Gamble Co. | ||||||||
2.85%, 08/11/2027 | 115,000 | 110,105 | ||||||
3.95%, 01/26/2028 | 88,000 | 87,648 | ||||||
|
| |||||||
739,577 | ||||||||
|
| |||||||
Pharmaceuticals - 0.4% | ||||||||
AbbVie, Inc. | ||||||||
3.20%, 11/21/2029 | 367,000 | 341,791 | ||||||
Astrazeneca Finance LLC | ||||||||
4.88%, 03/03/2028 | 86,000 | 87,375 | ||||||
4.90%, 03/03/2030 | 91,000 | 93,411 | ||||||
Becton Dickinson & Co. | ||||||||
4.30%, 08/22/2032 | 69,000 | 66,400 | ||||||
4.69%, 02/13/2028 | 85,000 | 84,949 | ||||||
Bristol-Myers Squibb Co. | ||||||||
2.95%, 03/15/2032 | 190,000 | 167,391 | ||||||
Merck & Co., Inc. | ||||||||
4.30%, 05/17/2030 | 127,000 | 126,189 | ||||||
Pfizer Investment Enterprises Pte. Ltd. | ||||||||
4.75%, 05/19/2033 | 67,000 | 66,875 | ||||||
Viatris, Inc. | ||||||||
1.65%, 06/22/2025 | 296,000 | 281,121 | ||||||
Zoetis, Inc. | ||||||||
5.60%, 11/16/2032 | 43,000 | 45,442 | ||||||
|
| |||||||
1,360,944 | ||||||||
|
| |||||||
Professional Services - 0.2% | ||||||||
Mobius Merger Sub, Inc. | ||||||||
9.00%, 06/01/2030 (C) | 20,000 | 19,759 | ||||||
MPH Acquisition Holdings LLC | ||||||||
5.75%, 11/01/2028 (C) | 57,000 | 45,353 | ||||||
S&P Global, Inc. | ||||||||
2.70%, 03/01/2029 | 469,000 | 431,267 | ||||||
|
| |||||||
496,379 | ||||||||
|
| |||||||
Real Estate Management & Development - 1.5% | ||||||||
Cushman & Wakefield US Borrower LLC | ||||||||
6.75%, 05/15/2028 (C) (F) | 140,000 | 138,393 | ||||||
Elect Global Investments Ltd. | ||||||||
Fixed until 06/03/2025 (E), 4.10% (B) (D) | 250,000 | 212,750 | ||||||
4.85%, 03/01/2024 (D) (E) | 650,000 | 429,345 | ||||||
Emaar Sukuk Ltd. | ||||||||
3.64%, 09/15/2026 (D) | 310,000 | 296,438 | ||||||
GLP China Holdings Ltd. | ||||||||
2.95%, 03/29/2026 (D) | 200,000 | 138,095 | ||||||
4.97%, 02/26/2024 (D) | 270,000 | 266,004 | ||||||
GLP Pte. Ltd. | ||||||||
3.88%, 06/04/2025 (D) | 200,000 | 151,750 |
Principal | Value | |||||||
CORPORATE DEBT SECURITIES (continued) | ||||||||
Real Estate Management & Development (continued) | ||||||||
Hopson Development Holdings Ltd. | ||||||||
7.00%, 05/18/2024 (D) | $ 200,000 | $ 189,900 | ||||||
Kennedy-Wilson, Inc. | ||||||||
4.75%, 03/01/2029 | 217,000 | 181,672 | ||||||
Longfor Group Holdings Ltd. | ||||||||
3.38%, 04/13/2027 (D) | 250,000 | 132,613 | ||||||
4.50%, 01/16/2028 (D) | 200,000 | 108,205 | ||||||
New Metro Global Ltd. | ||||||||
4.80%, 12/15/2024 (D) | 200,000 | 89,000 | ||||||
New World China Land Ltd. | ||||||||
4.75%, 01/23/2027 (D) | 400,000 | 345,998 | ||||||
NWD Finance BVI Ltd. | ||||||||
4.80%, 03/01/2024 (D) (E) | 400,000 | 164,440 | ||||||
6.25%, 03/07/2024 (D) (E) | 350,000 | 182,088 | ||||||
Vanke Real Estate Hong Kong Co. Ltd. | ||||||||
4.20%, 06/07/2024 (D) | 250,000 | 237,625 | ||||||
Yanlord Land HK Co. Ltd. | ||||||||
5.13%, 05/20/2026 (D) | 1,000,000 | 700,654 | ||||||
6.80%, 02/27/2024 (D) (F) | 793,000 | 785,466 | ||||||
|
| |||||||
4,750,436 | ||||||||
|
| |||||||
Retail REITs - 0.4% | ||||||||
Scentre Group Trust 2 | ||||||||
Fixed until 06/24/2026, | 1,350,000 | 1,284,366 | ||||||
|
| |||||||
Semiconductors & Semiconductor Equipment - 0.4% | ||||||||
Broadcom, Inc. | ||||||||
2.45%, 02/15/2031 (C) | 230,000 | 195,786 | ||||||
Intel Corp. | ||||||||
3.40%, 03/25/2025 | 312,000 | 306,894 | ||||||
Texas Instruments, Inc. | ||||||||
4.60%, 02/15/2028 | 184,000 | 185,976 | ||||||
TSMC Global Ltd. | ||||||||
1.25%, 04/23/2026 (D) | 640,000 | 593,250 | ||||||
|
| |||||||
1,281,906 | ||||||||
|
| |||||||
Software - 0.3% | ||||||||
Capstone Borrower, Inc. | ||||||||
8.00%, 06/15/2030 (C) | 155,000 | 160,845 | ||||||
Central Parent, Inc./CDK Global, Inc. | ||||||||
7.25%, 06/15/2029 (C) | 85,000 | 86,599 | ||||||
Fiserv, Inc. | ||||||||
5.63%, 08/21/2033 | 69,000 | 71,789 | ||||||
McAfee Corp. | ||||||||
7.38%, 02/15/2030 (C) | 155,000 | 140,303 | ||||||
Oracle Corp. | ||||||||
2.30%, 03/25/2028 | 310,000 | 281,295 | ||||||
4.90%, 02/06/2033 | 32,000 | 31,637 | ||||||
Rackspace Technology Global, Inc. | ||||||||
3.50%, 02/15/2028 (C) | 335,000 | 131,194 | ||||||
|
| |||||||
903,662 | ||||||||
|
| |||||||
Specialty Retail - 0.1% | ||||||||
Ken Garff Automotive LLC | ||||||||
4.88%, 09/15/2028 (C) | 70,000 | 64,955 | ||||||
Mavis Tire Express Services Topco Corp. | ||||||||
6.50%, 05/15/2029 (C) | 110,000 | 101,156 | ||||||
O’Reilly Automotive, Inc. | ||||||||
5.75%, 11/20/2026 | 52,000 | 53,283 | ||||||
|
| |||||||
219,394 | ||||||||
|
| |||||||
Technology Hardware, Storage & Peripherals - 0.2% | ||||||||
Apple, Inc. | ||||||||
1.40%, 08/05/2028 | 425,000 | 376,865 |
Transamerica Funds | Page 9 |
Transamerica Unconstrained Bond
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2024
(unaudited)
Principal | Value | |||||||
CORPORATE DEBT SECURITIES (continued) | ||||||||
Technology Hardware, Storage & Peripherals (continued) | ||||||||
Booz Allen Hamilton, Inc. | ||||||||
5.95%, 08/04/2033 | $ 18,000 | $ 18,877 | ||||||
Hewlett Packard Enterprise Co. | ||||||||
1.75%, 04/01/2026 | 178,000 | 166,261 | ||||||
5.25%, 07/01/2028 | 84,000 | 85,320 | ||||||
|
| |||||||
647,323 | ||||||||
|
| |||||||
Trading Companies & Distributors - 0.0% (A) | ||||||||
GATX Corp. | ||||||||
6.05%, 03/15/2034 | 48,000 | 49,909 | ||||||
|
| |||||||
Transportation Infrastructure - 0.7% | ||||||||
DP World Ltd. | ||||||||
5.63%, 09/25/2048 (D) | 540,000 | 501,353 | ||||||
FedEx Corp. Pass-Through Trust | ||||||||
1.88%, 08/20/2035 | 39,460 | 33,026 | ||||||
India Airport Infra | ||||||||
6.25%, 10/25/2025 (D) | 1,000,000 | 992,500 | ||||||
Penske Truck Leasing Co. LP/PTL Finance Corp. | ||||||||
5.35%, 01/12/2027 (C) | 12,000 | 12,070 | ||||||
5.70%, 02/01/2028 (C) | 119,000 | 121,546 | ||||||
6.05%, 08/01/2028 (C) | 54,000 | 56,068 | ||||||
6.20%, 06/15/2030 (C) | 36,000 | 37,824 | ||||||
Ryder System, Inc. | ||||||||
5.25%, 06/01/2028 | 55,000 | 55,903 | ||||||
6.60%, 12/01/2033 | 68,000 | 74,156 | ||||||
United Parcel Service, Inc. | ||||||||
3.90%, 04/01/2025 | 124,000 | 122,760 | ||||||
Yunda Holding Investment Ltd. | ||||||||
2.25%, 08/19/2025 (D) | 330,000 | 307,059 | ||||||
|
| |||||||
2,314,265 | ||||||||
|
| |||||||
Wireless Telecommunication Services - 0.3% | ||||||||
Altice France SA | ||||||||
5.13%, 07/15/2029 (C) | 240,000 | 176,023 | ||||||
America Movil SAB de CV | ||||||||
4.70%, 07/21/2032 | 570,000 | 556,883 | ||||||
T-Mobile USA, Inc. | ||||||||
3.38%, 04/15/2029 | 312,000 | 289,794 | ||||||
Vodafone Group PLC | ||||||||
4.38%, 02/19/2043 | 115,000 | 100,251 | ||||||
|
| |||||||
1,122,951 | ||||||||
|
| |||||||
Total Corporate Debt Securities |
| 125,649,452 | ||||||
|
| |||||||
FOREIGN GOVERNMENT OBLIGATIONS - 2.8% | ||||||||
Brazil - 0.5% | ||||||||
Brazil Notas do Tesouro Nacional | ||||||||
Series F, | ||||||||
10.00%, 01/01/2029 - 01/01/2031 | BRL 8,000,000 | 1,604,055 | ||||||
|
| |||||||
Canada - 0.0% (A) | ||||||||
Province of British Columbia | ||||||||
4.20%, 07/06/2033 | $ 129,000 | 127,215 | ||||||
|
| |||||||
Colombia - 0.5% | ||||||||
Colombia TES | ||||||||
Series B, | ||||||||
6.00%, 04/28/2028 | COP 2,500,000,000 | 578,888 | ||||||
7.25%, 10/18/2034 | 5,000,000,000 | 1,088,078 | ||||||
|
| |||||||
1,666,966 | ||||||||
|
|
Principal | Value | |||||||
FOREIGN GOVERNMENT OBLIGATIONS (continued) | ||||||||
Indonesia - 0.4% | ||||||||
Indonesia Treasury Bonds | ||||||||
7.00%, 02/15/2033 | IDR 10,000,000,000 | $ 650,501 | ||||||
7.50%, 05/15/2038 | 10,000,000,000 | 673,162 | ||||||
|
| |||||||
1,323,663 | ||||||||
|
| |||||||
Japan - 0.1% | ||||||||
Development Bank of Japan, Inc. | ||||||||
1.75%, 02/18/2025 (C) | $ 360,000 | 347,699 | ||||||
|
| |||||||
Mexico - 0.3% | ||||||||
Mexico Bonos | ||||||||
Series M, | ||||||||
5.75%, 03/05/2026 | MXN 15,000,000 | 803,532 | ||||||
Mexico Government International Bonds | ||||||||
6.34%, 05/04/2053 | $ 200,000 | 199,254 | ||||||
|
| |||||||
1,002,786 | ||||||||
|
| |||||||
Peru - 0.2% | ||||||||
Peru Government Bonds | ||||||||
6.90%, 08/12/2037 | PEN 2,500,000 | 663,271 | ||||||
|
| |||||||
Republic of Korea - 0.1% | ||||||||
Industrial Bank of Korea | ||||||||
1.04%, 06/22/2025 (C) | $ 206,000 | 195,127 | ||||||
|
| |||||||
Republic of South Africa - 0.4% | ||||||||
Republic of South Africa Government Bonds | ||||||||
8.50%, 01/31/2037 | ZAR 30,000,000 | 1,247,750 | ||||||
|
| |||||||
Saudi Arabia - 0.1% | ||||||||
Saudi Government International Bonds | ||||||||
5.00%, 01/16/2034 (C) | $ 300,000 | 298,870 | ||||||
|
| |||||||
Supranational - 0.2% | ||||||||
Asian Development Bank | ||||||||
1.88%, 01/24/2030 | 230,000 | 203,151 | ||||||
European Bank for Reconstruction & Development | ||||||||
1.50%, 02/13/2025 | 193,000 | 186,686 | ||||||
Inter-American Development Bank | ||||||||
4.00%, 01/12/2028 | 184,000 | 183,577 | ||||||
International Bank for Reconstruction & Development | ||||||||
3.13%, 11/20/2025 | 151,000 | 147,664 | ||||||
|
| |||||||
721,078 | ||||||||
|
| |||||||
Total Foreign Government Obligations |
| 9,198,480 | ||||||
|
| |||||||
LOAN ASSIGNMENTS - 6.7% | ||||||||
Aerospace & Defense - 0.1% | ||||||||
Cobham Ultra SeniorCo SARL | ||||||||
Term Loan B, | ||||||||
6-Month Term SOFR + 3.50%, | 206,888 | 204,043 |
Transamerica Funds | Page 10 |
Transamerica Unconstrained Bond
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2024
(unaudited)
Principal | Value | |||||||
LOAN ASSIGNMENTS (continued) | ||||||||
Aerospace & Defense (continued) | ||||||||
Spirit Aerosystems, Inc. | ||||||||
Term Loan, | ||||||||
3-Month Term SOFR + 4.25%, | $ 126,801 | $ 126,643 | ||||||
TransDigm, Inc. | ||||||||
Term Loan I, | ||||||||
3-Month Term SOFR + 3.25%, | 103,115 | 103,140 | ||||||
|
| |||||||
433,826 | ||||||||
|
| |||||||
Air Freight & Logistics - 0.1% | ||||||||
Kenan Advantage Group, Inc. | ||||||||
Term Loan B3, | ||||||||
TBD, 01/25/2029 (H) (I) | 220,000 | 219,725 | ||||||
|
| |||||||
Automobile Components - 0.0% (A) | ||||||||
USI, Inc. | ||||||||
Term Loan B, | ||||||||
3-Month Term SOFR + 3.00%, | 156,295 | 155,877 | ||||||
|
| |||||||
Automobiles - 0.0% (A) | ||||||||
Wand NewCo 3, Inc. | ||||||||
Term Loan B, | ||||||||
TBD, 01/30/2031 (H) (I) | 45,886 | 45,900 | ||||||
|
| |||||||
Beverages - 0.0% (A) | ||||||||
Sunshine Investments BV | ||||||||
Term Loan, | ||||||||
3-Month Term SOFR + 4.25%, | 156,026 | 155,961 | ||||||
|
| |||||||
Building Products - 0.1% | ||||||||
Foley Products Co. LLC | ||||||||
Term Loan, | ||||||||
3-Month Term SOFR + 4.75%, | 201,151 | 201,151 | ||||||
LBM Acquisition LLC | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 3.75%, | 176,460 | 174,818 | ||||||
|
| |||||||
375,969 | ||||||||
|
| |||||||
Capital Markets - 0.2% | ||||||||
Advisor Group, Inc. | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 4.50%, | 127,369 | 127,123 | ||||||
HighTower Holdings LLC | ||||||||
Term Loan B, | ||||||||
3-Month Term SOFR + 4.00%, | 178,350 | 177,792 | ||||||
ION Trading Finance Ltd. | ||||||||
Term Loan, | ||||||||
3-Month Term SOFR + 4.75%, | 138,462 | 135,866 | ||||||
NEXUS Buyer LLC | ||||||||
Term Loan B2, | ||||||||
1-Month Term SOFR + 4.50%, | 227,891 | 223,902 | ||||||
|
| |||||||
664,683 | ||||||||
|
|
Principal | Value | |||||||
LOAN ASSIGNMENTS (continued) | ||||||||
Chemicals - 0.0% (A) | ||||||||
Nouryon Finance BV | ||||||||
Term Loan B, | ||||||||
3-Month Term SOFR + 4.00%, | $ 98,615 | $ 98,368 | ||||||
|
| |||||||
Commercial Services & Supplies - 0.6% | ||||||||
Allied Universal Holdco LLC | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 4.75%, | 270,371 | 268,766 | ||||||
APX Group, Inc. | ||||||||
Term Loan B, | ||||||||
Prime Rate + 2.25%, 1-Month Term SOFR + 3.25%, 8.70% - 10.75% (B), 07/10/2028 | 228,071 | 227,908 | ||||||
Asurion LLC | ||||||||
2nd Lien Term Loan B4, | ||||||||
1-Month Term SOFR + 5.25%, | 225,548 | 213,354 | ||||||
Term Loan B9, | ||||||||
1-Month Term SOFR + 3.25%, | 274,598 | 270,332 | ||||||
Creative Artists Agency LLC | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 3.50%, | 288,264 | 288,213 | ||||||
Foundever Worldwide Corp. | ||||||||
Term Loan, | ||||||||
1-Month Term SOFR + 3.75%, | 111,336 | 107,244 | ||||||
Garda World Security Corp. | ||||||||
Term Loan B, | ||||||||
3-Month Term SOFR + 4.25%, | 154,191 | 154,215 | ||||||
Groupe Solmax, Inc. | ||||||||
Term Loan, | ||||||||
1-Month Term SOFR + 4.75%, 3-Month Term SOFR + 4.75%, 10.09% - 10.36% (B), 05/29/2028 | 107,942 | 103,917 | ||||||
Prometric Holdings, Inc. | ||||||||
1st Lien Term Loan, | ||||||||
1-Month Term SOFR + 5.25%, | 109,699 | 109,608 | ||||||
PUG LLC | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 4.25%, | 136,558 | 134,851 | ||||||
Sotheby’s | ||||||||
Term Loan B, | ||||||||
3-Month Term SOFR + 4.50%, | 155,406 | 153,735 | ||||||
|
| |||||||
2,032,143 | ||||||||
|
| |||||||
Communications Equipment - 0.1% | ||||||||
ViaSat, Inc. | ||||||||
Term Loan, | ||||||||
1-Month Term SOFR + 4.50%, | 221,078 | 216,887 | ||||||
|
| |||||||
Construction & Engineering - 0.1% | ||||||||
Osmose Utilities Services, Inc. | ||||||||
Term Loan, | ||||||||
1-Month Term SOFR + 3.25%, | 177,781 | 176,558 |
Transamerica Funds | Page 11 |
Transamerica Unconstrained Bond
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2024
(unaudited)
Principal | Value | |||||||
LOAN ASSIGNMENTS (continued) | ||||||||
Construction & Engineering (continued) | ||||||||
USIC Holdings, Inc. | ||||||||
Term Loan, | ||||||||
3-Month Term SOFR + 3.50%, | $ 186,144 | $ 184,554 | ||||||
VM Consolidated, Inc. | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 3.25%, | 127,662 | 127,742 | ||||||
|
| |||||||
488,854 | ||||||||
|
| |||||||
Containers & Packaging - 0.2% | ||||||||
Charter NEX US, Inc. | ||||||||
Term Loan, | ||||||||
TBD, 12/01/2027 (I) | 254,456 | 253,007 | ||||||
LABL, Inc. | ||||||||
1st Lien Term Loan, | ||||||||
1-Month Term SOFR + 5.00%, | 128,738 | 122,301 | ||||||
Reynolds Group Holdings, Inc. | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 3.25%, | 126,411 | 126,385 | ||||||
Trident TPI Holdings, Inc. | ||||||||
Term Loan B3, | ||||||||
3-Month Term SOFR + 4.00%, | 147,604 | 147,070 | ||||||
|
| |||||||
648,763 | ||||||||
|
| |||||||
Distributors - 0.2% | ||||||||
PAI Holdco, Inc. | ||||||||
Term Loan B, | ||||||||
3-Month Term SOFR + 3.75%, | 133,551 | 126,651 | ||||||
Patriot Container Corp. | ||||||||
1st Lien Term Loan, | ||||||||
1-Month Term SOFR + 3.75%, | 147,258 | 142,840 | ||||||
RelaDyne, Inc. | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 4.25%, | 249,912 | 248,975 | ||||||
Windsor Holdings III LLC | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 4.50%, | 220,928 | 220,866 | ||||||
|
| |||||||
739,332 | ||||||||
|
| |||||||
Diversified REITs - 0.1% | ||||||||
Apollo Commercial Real Estate Finance, Inc. | ||||||||
Term Loan B1, | ||||||||
1-Month Term SOFR + 3.50%, | 238,682 | 234,505 | ||||||
Claros Mortgage Trust, Inc. | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 4.50%, | 216,966 | 207,745 | ||||||
|
| |||||||
442,250 | ||||||||
|
|
Principal | Value | |||||||
LOAN ASSIGNMENTS (continued) | ||||||||
Diversified Telecommunication Services - 0.1% | ||||||||
Connect Finco SARL | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 3.50%, | $ 203,987 | $ 203,578 | ||||||
Telesat Canada | ||||||||
Term Loan B5, | ||||||||
3-Month Term SOFR + 2.75%, | 149,666 | 90,595 | ||||||
|
| |||||||
294,173 | ||||||||
|
| |||||||
Electronic Equipment, Instruments & Components - 0.1% | ||||||||
Verifone Systems, Inc. | ||||||||
1st Lien Term Loan, | ||||||||
3-Month Term SOFR + 4.00%, | 179,388 | 171,540 | ||||||
|
| |||||||
Financial Services - 0.1% | ||||||||
Fly Funding II SARL | ||||||||
Term Loan B, | ||||||||
3-Month LIBOR + 1.75%, | 190,000 | 179,407 | ||||||
|
| |||||||
Food Products - 0.0% (A) | ||||||||
Upfield BV | ||||||||
Term Loan B7, | ||||||||
TBD, 01/02/2028 (H) (I) | 125,000 | 123,594 | ||||||
|
| |||||||
Ground Transportation - 0.1% | ||||||||
Avis Budget Car Rental LLC | ||||||||
Term Loan C, | ||||||||
1-Month Term SOFR + 3.00%, | 111,885 | 111,885 | ||||||
PODS LLC | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 3.00%, | 107,694 | 104,617 | ||||||
|
| |||||||
216,502 | ||||||||
|
| |||||||
Health Care Equipment & Supplies - 0.1% | ||||||||
Medline Borrower LP | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 3.00%, | 299,300 | 298,770 | ||||||
|
| |||||||
Health Care Providers & Services - 0.4% | ||||||||
Bella Holding Co. LLC | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 3.75%, | 170,217 | 169,578 | ||||||
CHG Healthcare Services, Inc. | ||||||||
Term Loan, | ||||||||
1-Month Term SOFR + 3.25%, | 188,325 | 187,518 | ||||||
Covetrus, Inc. | ||||||||
Term Loan, | ||||||||
3-Month Term SOFR + 5.00%, | 152,552 | 152,144 | ||||||
Gainwell Acquisition Corp. | ||||||||
Term Loan B, | ||||||||
3-Month Term SOFR + 4.00%, | 176,355 | 171,119 | ||||||
Radnet Management, Inc. | ||||||||
Term Loan, | ||||||||
3-Month Term SOFR + 3.00%, | 219,887 | 219,805 |
Transamerica Funds | Page 12 |
Transamerica Unconstrained Bond
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2024
(unaudited)
Principal | Value | |||||||
LOAN ASSIGNMENTS (continued) | ||||||||
Health Care Providers & Services (continued) | ||||||||
Select Medical Corp. | ||||||||
Term Loan B1, | ||||||||
1-Month Term SOFR + 3.00%, | $ 165,917 | $ 165,606 | ||||||
Sotera Health Holdings LLC | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 3.75%, | 159,813 | 159,614 | ||||||
Team Health Holdings, Inc. | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 5.25%, | 158,391 | 130,871 | ||||||
|
| |||||||
1,356,255 | ||||||||
|
| |||||||
Health Care Technology - 0.1% | ||||||||
Athenahealth Group, Inc. | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 3.25%, | 258,272 | 254,236 | ||||||
Navicure, Inc. | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 4.00%, | 153,691 | 153,595 | ||||||
|
| |||||||
407,831 | ||||||||
|
| |||||||
Hotels, Restaurants & Leisure - 0.6% | ||||||||
Aimbridge Acquisition Co., Inc. | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 3.75%, | 177,690 | 169,102 | ||||||
Carnival Corp. | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 3.25%, | 249,656 | 249,343 | ||||||
Dave & Buster’s, Inc. | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 3.25%, | 126,735 | 126,542 | ||||||
Fertitta Entertainment LLC | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 4.00%, | 149,259 | 148,806 | ||||||
Fogo De Chao, Inc. | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 4.75%, | 154,311 | 152,446 | ||||||
Motion Finco SARL | ||||||||
Term Loan B, | ||||||||
TBD, 11/12/2029 (H) (I) | 132,405 | 131,495 | ||||||
Ontario Gaming GTA LP | ||||||||
Term Loan B, | ||||||||
3-Month Term SOFR + 4.25%, | 100,571 | 100,650 | ||||||
PF Chang’s China Bistro, Inc. | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 6.25%, | 139,708 | 138,310 | ||||||
Playa Resorts Holding BV | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 3.25%, | 154,044 | 153,788 |
Principal | Value | |||||||
LOAN ASSIGNMENTS (continued) | ||||||||
Hotels, Restaurants & Leisure (continued) | ||||||||
Scientific Games Holdings LP | ||||||||
Term Loan B, | ||||||||
3-Month Term SOFR + 3.25%, | $ 103,594 | $ 102,673 | ||||||
SeaWorld Parks & Entertainment, Inc. | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 2.50%, | 228,807 | 228,235 | ||||||
Travel & Leisure Co. | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 3.25%, | 229,932 | 229,836 | ||||||
Whatabrands LLC | ||||||||
Term Loan B, | ||||||||
TBD, 08/03/2028 (H) (I) | 19,774 | 19,705 | ||||||
William Morris Endeavor Entertainment LLC | ||||||||
1st Lien Term Loan, | ||||||||
1-Month Term SOFR + 2.75%, | 155,410 | 155,281 | ||||||
|
| |||||||
2,106,212 | ||||||||
|
| |||||||
Insurance - 0.3% | ||||||||
Alliant Holdings Intermediate LLC | ||||||||
Term Loan B6, | ||||||||
1-Month Term SOFR + 3.50%, | 119,599 | 119,754 | ||||||
Broadstreet Partners, Inc. | ||||||||
Term Loan B2, | ||||||||
1-Month Term SOFR + 3.25%, | 134,338 | 133,957 | ||||||
Term Loan B3, | ||||||||
1-Month Term SOFR + 3.75%, | 27,195 | 27,148 | ||||||
Hub International Ltd. | ||||||||
Term Loan B, | ||||||||
TBD, 06/20/2030 (I) | 253,222 | 253,222 | ||||||
Hyperion Insurance Group Ltd. | ||||||||
Term Loan B, | ||||||||
1-Month LIBOR + 0.00%, | 130,910 | 130,723 | ||||||
NFP Corp. | ||||||||
Term Loan, | ||||||||
1-Month Term SOFR + 3.25%, | 206,885 | 206,989 | ||||||
Sedgwick Claims Management Services, Inc. | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 3.75%, | 151,825 | 151,783 | ||||||
|
| |||||||
1,023,576 | ||||||||
|
| |||||||
Internet & Catalog Retail - 0.1% | ||||||||
CNT Holdings I Corp. | ||||||||
Term Loan, | ||||||||
3-Month Term SOFR + 3.50%, | 218,641 | 218,026 | ||||||
|
| |||||||
IT Services - 0.2% | ||||||||
Ahead DB Holdings LLC | ||||||||
Term Loan B, | ||||||||
TBD, 01/24/2031 (H) (I) | 101,673 | 101,080 |
Transamerica Funds | Page 13 |
Transamerica Unconstrained Bond
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2024
(unaudited)
Principal | Value | |||||||
LOAN ASSIGNMENTS (continued) | ||||||||
IT Services (continued) | ||||||||
Amentum Government Services Holdings LLC | ||||||||
Term Loan, | ||||||||
1-Month Term SOFR + 4.00%, | $ 152,529 | $ 152,212 | ||||||
Moneygram International, Inc. | ||||||||
Term Loan B, | ||||||||
3-Month Term SOFR + 5.50%, | 140,867 | 137,873 | ||||||
Peraton Corp. | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 3.75%, | 176,149 | 175,733 | ||||||
|
| |||||||
566,898 | ||||||||
|
| |||||||
Life Sciences Tools & Services - 0.1% | ||||||||
Parexel International Corp. | ||||||||
1st Lien Term Loan, | ||||||||
1-Month Term SOFR + 3.25%, | 227,558 | 226,818 | ||||||
|
| |||||||
Machinery - 0.2% | ||||||||
CD&R Hydra Buyer, Inc. | ||||||||
Term Loan, | ||||||||
1-Month Term SOFR + 4.25%, | 134,896 | 135,107 | ||||||
Filtration Group Corp. | ||||||||
Term Loan, | ||||||||
1-Month Term SOFR + 3.50%, | 157,185 | 156,910 | ||||||
OEConnection LLC | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 4.00%, | 104,553 | 104,226 | ||||||
Vertical US Newco, Inc. | ||||||||
Term Loan B, | ||||||||
6-Month Term SOFR + 3.50%, | 129,921 | 129,840 | ||||||
|
| |||||||
526,083 | ||||||||
|
| |||||||
Media - 0.3% | ||||||||
ABG Intermediate Holdings 2 LLC | ||||||||
Term Loan B1, | ||||||||
1-Month Term SOFR + 4.00%, | 204,096 | 204,479 | ||||||
CSC Holdings LLC | ||||||||
Term Loan B5, | ||||||||
1-Month LIBOR + 2.50%, | 189,694 | 180,209 | ||||||
United Talent Agency LLC | ||||||||
Term Loan B, | ||||||||
3-Month Term SOFR + 4.00%, | 152,348 | 152,158 | ||||||
Univision Communications, Inc. | ||||||||
1st Lien Term Loan B, | ||||||||
1-Month Term SOFR + 3.25%, | 289,999 | 289,556 | ||||||
Virgin Media Bristol LLC | ||||||||
Term Loan Q, | ||||||||
1-Month Term SOFR + 3.25%, | 152,000 | 150,543 | ||||||
|
| |||||||
976,945 | ||||||||
|
|
Principal | Value | |||||||
LOAN ASSIGNMENTS (continued) | ||||||||
Metals & Mining - 0.1% | ||||||||
US Silica Co. | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 4.75%, | $ 193,400 | $ 193,521 | ||||||
|
| |||||||
Oil, Gas & Consumable Fuels - 0.3% | ||||||||
CQP Holdco LP | ||||||||
Term Loan, | ||||||||
3-Month Term SOFR + 3.00%, | 123,386 | 123,112 | ||||||
EG Group Ltd. | ||||||||
Term Loan B, | ||||||||
3-Month Term SOFR + 5.50%, | 229,425 | 225,410 | ||||||
ITT Holdings LLC | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 3.25%, | 150,503 | 149,986 | ||||||
M6 ETX Holdings II Midco LLC | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 4.50%, | 156,561 | 156,513 | ||||||
Medallion Midland Acquisition LLC | ||||||||
Term Loan, | ||||||||
3-Month Term SOFR + 3.50%, | 152,447 | 152,161 | ||||||
NGL Energy Partners LP | ||||||||
Term Loan B, | ||||||||
TBD, 02/03/2031 (H) (I) | 47,420 | 47,301 | ||||||
Wood Mackenzie Ltd. | ||||||||
Term Loan B, | ||||||||
TBD, 01/31/2031 (I) | 60,556 | 60,480 | ||||||
|
| |||||||
914,963 | ||||||||
|
| |||||||
Passenger Airlines - 0.3% | ||||||||
Air Canada | ||||||||
Term Loan B, | ||||||||
3-Month Term SOFR + 3.50%, | 148,542 | 148,542 | ||||||
American Airlines, Inc. | ||||||||
Term Loan, | ||||||||
3-Month Term SOFR + 4.75%, | 96,376 | 98,610 | ||||||
American Airlines, Inc. | ||||||||
1st Lien Term Loan, | ||||||||
3-Month Term SOFR + 3.50%, | 56,540 | 56,425 | ||||||
Kestrel Bidco, Inc. | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 3.00%, | 156,397 | 155,986 | ||||||
United Airlines, Inc. | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 3.75%, | 244,647 | 244,681 | ||||||
WestJet Loyalty LP | ||||||||
Term Loan B, | ||||||||
TBD, 01/31/2031 (I) | 241,228 | 238,816 | ||||||
|
| |||||||
943,060 | ||||||||
|
|
Transamerica Funds | Page 14 |
Transamerica Unconstrained Bond
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2024
(unaudited)
Principal | Value | |||||||
LOAN ASSIGNMENTS (continued) | ||||||||
Professional Services - 0.1% | ||||||||
KUEHG Corp. | ||||||||
Term Loan, | ||||||||
3-Month Term SOFR + 5.00%, | $ 153,809 | $ 153,833 | ||||||
MPH Acquisition Holdings LLC | ||||||||
Term Loan B, | ||||||||
3-Month Term SOFR + 4.25%, | 144,080 | 137,394 | ||||||
Verscend Holding Corp. | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 4.00%, | 149,251 | 149,158 | ||||||
|
| |||||||
440,385 | ||||||||
|
| |||||||
Real Estate Management & Development - 0.0% (A) | ||||||||
Cushman & Wakefield US Borrower LLC | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 4.00%, | 161,911 | 160,494 | ||||||
|
| |||||||
Software - 0.8% | ||||||||
Applied Systems, Inc. | ||||||||
1st Lien Term Loan, | ||||||||
3-Month Term SOFR + 4.50%, | 103,957 | 104,185 | ||||||
Barracuda Networks, Inc. | ||||||||
Term Loan, | ||||||||
3-Month Term SOFR + 4.50%, | 156,428 | 151,696 | ||||||
Central Parent, Inc. | ||||||||
Term Loan B, | ||||||||
3-Month Term SOFR + 4.00%, | 154,601 | 154,762 | ||||||
DCert Buyer, Inc. | ||||||||
2nd Lien Term Loan, | ||||||||
1-Month Term SOFR + 7.00%, | 71,488 | 65,203 | ||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 4.00%, | 256,188 | 254,309 | ||||||
Greeneden US Holdings II LLC | ||||||||
Term Loan B4, | ||||||||
1-Month Term SOFR + 4.00%, | 202,053 | 202,084 | ||||||
Helios Software Holdings, Inc. | ||||||||
Term Loan, | ||||||||
TBD, 07/18/2030 (H) (I) | 78,837 | 77,457 | ||||||
Term Loan B, | ||||||||
3-Month Term SOFR + 3.75%, | 105,516 | 104,098 | ||||||
McAfee LLC | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 3.75%, | 264,157 | 260,855 | ||||||
Project Boost Purchaser LLC | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 3.50%, | 225,654 | 225,295 | ||||||
Proofpoint, Inc. | ||||||||
1st Lien Term Loan, | ||||||||
1-Month Term SOFR + 3.25%, | 157,703 | 156,608 |
Principal | Value | |||||||
LOAN ASSIGNMENTS (continued) | ||||||||
Software (continued) | ||||||||
Rackspace Technology Global, Inc. | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 2.75%, | $ 182,521 | $ 77,172 | ||||||
Sophia LP | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 4.25%, | 154,373 | 154,019 | ||||||
Storable, Inc. | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 3.50%, | 106,423 | 106,024 | ||||||
Ultimate Software Group, Inc. | ||||||||
Term Loan B, | ||||||||
TBD, 01/30/2031 (I) | 246,965 | 247,274 | ||||||
3-Month Term SOFR + 3.75%, | 204,497 | 204,326 | ||||||
|
| |||||||
2,545,367 | ||||||||
|
| |||||||
Specialty Retail - 0.1% | ||||||||
Mavis Tire Express Services Corp. | ||||||||
Term Loan B, | ||||||||
1-Month Term SOFR + 3.75%, | 151,886 | 151,720 | ||||||
Petco Health & Wellness Co., Inc. | ||||||||
Term Loan B, | ||||||||
3-Month Term SOFR + 3.25%, | 135,078 | 126,552 | ||||||
|
| |||||||
278,272 | ||||||||
|
| |||||||
Technology Hardware, Storage & Peripherals - 0.1% | ||||||||
NEP Group, Inc. | ||||||||
Term Loan B, | ||||||||
3-Month Term SOFR + 3.25%, | 186,168 | 180,893 | ||||||
|
| |||||||
Textiles, Apparel & Luxury Goods - 0.1% | ||||||||
Varsity Brands, Inc. | ||||||||
Term Loan, | ||||||||
1-Month Term SOFR + 5.00%, | 203,711 | 202,650 | ||||||
|
| |||||||
Wireless Telecommunication Services - 0.2% | ||||||||
Altice France SA | ||||||||
Term Loan B14, | ||||||||
3-Month Term SOFR + 5.50%, | 278,835 | 252,834 | ||||||
CCI Buyer, Inc. | ||||||||
Term Loan, | ||||||||
3-Month Term SOFR + 4.00%, | 255,299 | 254,388 | ||||||
|
| |||||||
507,222 | ||||||||
|
| |||||||
Total Loan Assignments |
| 21,777,995 | ||||||
|
| |||||||
U.S. GOVERNMENT AGENCY OBLIGATIONS - 18.3% | ||||||||
Federal Home Loan Mortgage Corp. |
| |||||||
3.00%, 05/01/2052 - 09/01/2052 | 18,316,008 | 16,068,806 | ||||||
Federal National Mortgage Association | ||||||||
2.00%, 02/01/2052 | 4,070,941 | 3,286,805 | ||||||
2.50%, 02/01/2052 | 9,408,310 | 7,967,006 |
Transamerica Funds | Page 15 |
Transamerica Unconstrained Bond
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2024
(unaudited)
Principal | Value | |||||||
U.S. GOVERNMENT AGENCY OBLIGATIONS (continued) | ||||||||
Government National Mortgage Association | ||||||||
3.00%, 03/20/2052 - 07/20/2052 | $ 9,594,197 | $ 8,601,895 | ||||||
Uniform Mortgage-Backed Security, TBA | ||||||||
2.50%, 02/01/2039 (H) | 26,000,000 | 23,972,609 | ||||||
|
| |||||||
Total U.S. Government Agency Obligations |
| 59,897,121 | ||||||
|
| |||||||
U.S. GOVERNMENT OBLIGATIONS - 8.9% | ||||||||
U.S. Treasury - 8.9% | ||||||||
U.S. Treasury Notes | ||||||||
2.00%, 05/31/2024 | 10,000,000 | 9,893,359 | ||||||
2.38%, 04/30/2026 | 229,000 | 220,377 | ||||||
2.50%, 05/15/2024 | 10,000,000 | 9,919,922 | ||||||
3.50%, 04/30/2028 | 7,500,000 | 7,376,367 | ||||||
3.63%, 03/31/2028 | 600,000 | 593,156 | ||||||
3.75%, 06/30/2030 | 148,000 | 146,526 | ||||||
3.88%, 12/31/2029 - 08/15/2033 | 822,000 | 818,947 | ||||||
4.38%, 11/30/2028 | 36,000 | 36,768 | ||||||
|
| |||||||
Total U.S. Government Obligations | 29,005,422 | |||||||
|
| |||||||
Shares | Value | |||||||
COMMON STOCKS - 1.3% | ||||||||
Energy Equipment & Services - 1.3% | ||||||||
Hi-Crush, Inc. (K) (L) (M) (N) | 78 | 4,190,004 | ||||||
|
| |||||||
Machinery - 0.0% | ||||||||
Ameriforge Group, Inc. (K) (L) (M) (N) (O) | 2,679 | 0 | ||||||
|
| |||||||
Total Common Stocks |
| 4,190,004 | ||||||
|
| |||||||
PREFERRED STOCKS - 0.5% | ||||||||
Banks - 0.4% | ||||||||
Customers Bancorp, Inc., | ||||||||
5.38% | 68,496 | 1,393,894 | ||||||
|
| |||||||
Insurance - 0.1% | ||||||||
F&G Annuities & Life, Inc., | ||||||||
7.95% (K) | 4,000 | 105,160 | ||||||
|
| |||||||
Total Preferred Stocks | 1,499,054 | |||||||
|
| |||||||
Principal | Value | |||||||
SHORT-TERM U.S. GOVERNMENT OBLIGATIONS - 17.3% | ||||||||
U.S. Cash Management Bills | ||||||||
1.73% (P), 03/14/2024 | $ 450,000 | 449,083 | ||||||
4.37% (P), 03/14/2024 | 10,000,000 | 9,948,793 | ||||||
U.S. Treasury Bills | ||||||||
5.37% (P), 02/13/2024 | 20,400,000 | 20,364,306 | ||||||
5.38% (P), 02/13/2024 | 26,000,000 | 25,954,508 | ||||||
|
| |||||||
Total Short-Term U.S. Government Obligations |
| 56,716,690 | ||||||
|
|
Shares | Value | |||||||
SHORT-TERM INVESTMENT COMPANY - 13.6% | ||||||||
Money Market Fund - 13.6% | ||||||||
State Street Institutional U.S. Government Money Market Fund, 5.30% (P) | 44,440,471 | $ 44,440,471 | ||||||
|
| |||||||
Total Short-Term Investment Company |
| 44,440,471 | ||||||
|
| |||||||
OTHER INVESTMENT COMPANY - 0.5% | ||||||||
Securities Lending Collateral - 0.5% | ||||||||
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 5.30% (P) | 1,767,273 | 1,767,273 | ||||||
|
| |||||||
Total Other Investment Company | 1,767,273 | |||||||
|
| |||||||
Total Investments | 354,630,624 | |||||||
Net Other Assets (Liabilities) - (8.4)% | (27,511,415 | ) | ||||||
|
| |||||||
Net Assets - 100.0% | $ 327,119,209 | |||||||
|
|
Transamerica Funds | Page 16 |
Transamerica Unconstrained Bond
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2024
(unaudited)
INVESTMENT VALUATION:
Valuation Inputs (Q)
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Significant Observable Inputs | Level 3 - Significant Unobservable Inputs | Value | |||||||||||||
ASSETS |
| |||||||||||||||
Investments |
| |||||||||||||||
Asset-Backed Security | $ | — | $ | 14,600 | $ | — | $ | 14,600 | ||||||||
Convertible Bonds | — | 474,062 | — | 474,062 | ||||||||||||
Corporate Debt Securities | — | 125,649,452 | — | 125,649,452 | ||||||||||||
Foreign Government Obligations | — | 9,198,480 | — | 9,198,480 | ||||||||||||
Loan Assignments | — | 21,777,995 | — | 21,777,995 | ||||||||||||
U.S. Government Agency Obligations | — | 59,897,121 | — | 59,897,121 | ||||||||||||
U.S. Government Obligations | — | 29,005,422 | — | 29,005,422 | ||||||||||||
Common Stocks | — | — | 4,190,004 | 4,190,004 | ||||||||||||
Preferred Stocks | 1,499,054 | — | — | 1,499,054 | ||||||||||||
Short-Term U.S. Government Obligations | — | 56,716,690 | — | 56,716,690 | ||||||||||||
Short-Term Investment Company | 44,440,471 | — | — | 44,440,471 | ||||||||||||
Other Investment Company | 1,767,273 | — | — | 1,767,273 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | $ | 47,706,798 | $ | 302,733,822 | $ | 4,190,004 | $ | 354,630,624 | ||||||||
|
|
|
|
|
|
|
|
Level 3 Rollforward
Investments | Beginning Balance at October 31, 2023 | Purchases | Sales | Accrued Discounts (Premiums) | Total Realized Gain (Loss) | Net Change in Unrealized Appreciation (Depreciation) | Transfers into Level 3 | Transfers out of Level 3 | Ending Balance at January 31, 2024 (R) | Net Change in Unrealized Appreciation (Depreciation) on Investments Held at January 31, 2024 | ||||||||||||||||||||||||||||||
Common Stock | $ | 4,974,840 | $ | — | $ | — | $ | — | $ | — | $ | (784,836 | ) | $ | — | $ | — | $ | 4,190,004 | $ | (784,836 | ) |
Quantitative Information About Significant Unobservable Inputs (Level 3)
Investments |
| Value at January 31, 2024 | Valuation Technique | Unobservable Input Used as of | Range of Input Values | Weighted Average of Input Values | ||||||||||||||||||||
Common Stock | $ | 4,190,004 | Enterprise Value | 2.0x multiple of EBITDA 30% discount to range average | 1.9x - 3.9x | — |
FOOTNOTES TO SCHEDULE OF INVESTMENTS:
(A) | Percentage rounds to less than 0.1% or (0.1)%. | |
(B) | Floating or variable rate securities. The rates disclosed are as of January 31, 2024. 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) | 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, 2024, the total value of 144A securities is $29,303,798, representing 9.0% of the Fund’s net assets. | |
(D) | Securities are exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside the United States. Securities may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933. At January 31, 2024, the total value of Regulation S securities is $52,990,774, representing 16.2% of the Fund’s net assets. | |
(E) | Perpetual maturity. The date displayed is the next call date. | |
(F) | All or a portion of the securities are on loan. The total value of all securities on loan is $2,109,152, collateralized by cash collateral of $1,767,273 and non-cash collateral, such as U.S. government securities and irrevocable letters of credit, of $386,173. 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. | |
(G) | Security in default; partial receipt of interest payments and/or dividends declared at last payment date. At January 31, 2024, the value of this security is $308,000, representing 0.1% of the Fund’s net assets. | |
(H) | When-issued, delayed-delivery and/or forward commitment (including TBAs) securities. Securities to be settled and delivered after January 31, 2024. Securities may display a coupon rate of 0.00%, as the rate is to be determined at time of settlement. | |
(I) | All or a portion of the security represents unsettled loan commitments at January 31, 2024 where the rate will be determined at time of settlement. |
Transamerica Funds | Page 17 |
Transamerica Unconstrained Bond
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2024
(unaudited)
FOOTNOTES TO SCHEDULE OF INVESTMENTS (continued):
(J) | 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. | |
(K) | Non-income producing securities. | |
(L) | Restricted securities. At January 31, 2024, the value of such securities held by the Fund are as follows: |
Investments | Description | Acquisition Date | Acquisition Cost | Value | Value as Percentage of Net Assets | |||||||||||||
Common Stocks | Hi-Crush, Inc. | 10/08/2020 - 11/02/2021 | $ | 473,091 | $ | 4,190,004 | 1.3 | % | ||||||||||
Common Stocks | Ameriforge Group, Inc. | 04/20/2016 - 05/13/2016 | 91,268 | 0 | 0.0 | |||||||||||||
|
|
|
|
|
| |||||||||||||
Total | $ | 564,359 | $ | 4,190,004 | 1.3 | % | ||||||||||||
|
|
|
|
|
|
(M) | Fair valued as determined in good faith in accordance with procedures established by the Board. At January 31, 2024, the total value of securities is $4,190,004, representing 1.3% of the Fund’s net assets. | |
(N) | Securities are Level 3 of the fair value hierarchy. | |
(O) | Security deemed worthless. | |
(P) | Rates disclosed reflect the yields at January 31, 2024. | |
(Q) | There were no transfers in or out of Level 3 during the period ended January 31, 2024. Please reference the Investment Valuation section of the Notes to Schedule of Investments for more information regarding investment valuation and pricing inputs. | |
(R) | Total value of Level 3 securities is 1.3% of the Fund’s net assets. |
CURRENCY ABBREVIATIONS:
BRL | Brazilian Real | |
COP | Columbian Peso | |
IDR | Indonesian Rupiah | |
MXN | Mexican Peso | |
PEN | Peruvian Sol | |
ZAR | South African Rand |
PORTFOLIO ABBREVIATIONS:
LIBOR | London Interbank Offered Rate | |
Prime Rate | Interest rate charged by banks to their most credit worthy customers | |
REIT | Real Estate Investment Trust | |
SOFR | Secured Overnight Financing Rate | |
TBA | To Be Announced | |
TBD | To Be Determined |
Transamerica Funds | Page 18 |
Transamerica Unconstrained Bond
NOTES TO SCHEDULE OF INVESTMENTS
At January 31, 2024
(unaudited)
INVESTMENT VALUATION
Transamerica Unconstrained Bond (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 January 31, 2024, 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.
Convertible bonds: The fair value of convertible bonds is estimated using various techniques, which consider recently executed transactions in securities of the issuer or comparable issuers, broker price quotations (where observable), and models incorporating benchmark curves, underlying stock data, and foreign exchange rates. While most convertible bonds 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.
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.
Transamerica Funds | Page 19 |
Transamerica Unconstrained Bond
NOTES TO SCHEDULE OF INVESTMENTS (continued)
At January 31, 2024
(unaudited)
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.
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.
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.
Short-term notes: The Fund normally values short-term government and U.S. government agency securities using a model that incorporates market observable data such as reported sales of similar securities, broker quotes, yields, bids, offers and reference data. Certain securities are valued by principally using dealer quotations. Short-term government and U.S. government agency securities generally are categorized in Level 2 of the fair value hierarchy, or Level 3 if inputs are unobservable.
Investment companies: Certain investment companies are valued at the NAV as the practical expedient. These investment companies are not included within the fair value hierarchy. Certain other investment companies are valued at the actively traded NAV and no valuation adjustments are applied. These investment companies are categorized in Level 1 of the fair value hierarchy.
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.
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 20 |