Transamerica Core Bond
SCHEDULE OF INVESTMENTS
At January 31, 2024
(unaudited)
Principal | Value | |||||||
ASSET-BACKED SECURITIES - 5.2% | ||||||||
321 Henderson Receivables VI LLC | ||||||||
Series 2010-1A, Class A, | ||||||||
5.56%, 07/15/2059 (A) | $ 3,088,147 | $ 3,085,415 | ||||||
Accelerated LLC | ||||||||
Series 2021-1H, Class A, | ||||||||
1.35%, 10/20/2040 (A) | 557,719 | 511,746 | ||||||
Avis Budget Rental Car Funding AESOP LLC | ||||||||
Series 2023-7A, Class A, | ||||||||
5.90%, 08/21/2028 (A) | 5,935,000 | 6,082,368 | ||||||
Series 2024-1A, Class A, | ||||||||
5.36%, 06/20/2030 (A) | 4,860,000 | 4,917,749 | ||||||
BXG Receivables Note Trust | ||||||||
Series 2023-A, Class A, | ||||||||
5.77%, 11/15/2038 (A) | 5,250,919 | 5,281,876 | ||||||
Chase Issuance Trust | ||||||||
Series 2023-A1, Class A, | ||||||||
5.16%, 09/15/2028 | 5,200,000 | 5,281,996 | ||||||
CIFC Funding Ltd. | ||||||||
Series 2013-2A, Class A1L2, | ||||||||
3-Month Term SOFR + 1.26%, | 5,519,819 | 5,527,657 | ||||||
Series 2017-3A, Class A1, | ||||||||
3-Month Term SOFR + 1.48%, | 8,147,552 | 8,155,797 | ||||||
Diameter Capital CLO 1 Ltd. | ||||||||
Series 2021-1A, Class A1A, | ||||||||
3-Month Term SOFR + 1.50%, | 4,000,000 | 4,000,432 | ||||||
First National Master Note Trust | ||||||||
Series 2023-2, Class A, | ||||||||
5.77%, 09/15/2029 | 5,315,000 | 5,436,998 | ||||||
GM Financial Consumer Automobile Receivables Trust | ||||||||
Series 2023-1, Class A2A, | ||||||||
5.19%, 03/16/2026 | 2,067,424 | 2,063,878 | ||||||
GoodLeap Sustainable Home Solutions Trust | ||||||||
Series 2021-4GS, Class A, | ||||||||
1.93%, 07/20/2048 (A) | 8,478,922 | 6,506,572 | ||||||
Series 2021-5CS, Class A, | ||||||||
2.31%, 10/20/2048 (A) | 3,291,249 | 2,610,470 | ||||||
Series 2022-1GS, Class A, | ||||||||
2.70%, 01/20/2049 (A) | 4,292,747 | 3,489,727 | ||||||
Hertz Vehicle Financing III LLC | ||||||||
Series 2023-3A, Class A, | ||||||||
5.94%, 02/25/2028 (A) | 4,730,000 | 4,821,291 | ||||||
Honda Auto Receivables Owner Trust | ||||||||
Series 2022-2, Class A2, | ||||||||
3.81%, 03/18/2025 | 1,018,409 | 1,015,541 | ||||||
ICG US CLO Ltd. | ||||||||
Series 2014-1A, Class A1A2, | ||||||||
3-Month Term SOFR + 1.46%, | 7,305,000 | 7,272,076 | ||||||
JG Wentworth XXI LLC | ||||||||
Series 2010-2A, Class A, | ||||||||
4.07%, 01/15/2048 (A) | 265,762 | 263,944 | ||||||
JG Wentworth XXII LLC | ||||||||
Series 2010-3A, Class A, | ||||||||
3.82%, 12/15/2048 (A) | 346,732 | 345,553 |
Principal | Value | |||||||
ASSET-BACKED SECURITIES (continued) | ||||||||
JGWPT XXVIII LLC | ||||||||
Series 2013-1A, Class A, | ||||||||
3.22%, 04/15/2067 (A) | $ 848,405 | $ 769,042 | ||||||
Laurel Road Prime Student Loan Trust | ||||||||
Series 2018-B, Class A2FX, | ||||||||
3.54%, 05/26/2043 (A) | 54,980 | 54,691 | ||||||
MVW LLC | ||||||||
Series 2022-1A, Class A, | ||||||||
4.15%, 11/21/2039 (A) | 5,027,532 | 4,878,942 | ||||||
MVW Owner Trust | ||||||||
Series 2019-1A, Class A, | ||||||||
2.89%, 11/20/2036 (A) | 254,277 | 245,463 | ||||||
Series 2023-1A, Class A, | ||||||||
4.93%, 10/20/2040 (A) | 4,329,568 | 4,302,787 | ||||||
Octagon Investment Partners 33 Ltd. | ||||||||
Series 2017-1A, Class A1, | ||||||||
3-Month Term SOFR + 1.45%, | 3,023,677 | 3,027,965 | ||||||
Orange Lake Timeshare Trust | ||||||||
Series 2018-A, Class A, | ||||||||
3.10%, 11/08/2030 (A) | 432,979 | 421,501 | ||||||
Series 2018-A, Class B, | ||||||||
3.35%, 11/08/2030 (A) | 354,253 | 344,720 | ||||||
Series 2019-A, Class A, | ||||||||
3.06%, 04/09/2038 (A) | 315,985 | 307,129 | ||||||
Palmer Square CLO Ltd. | ||||||||
Series 2015-2A, Class A1R2, | ||||||||
3-Month Term SOFR + 1.36%, | 4,657,871 | 4,659,763 | ||||||
RAAC Trust | ||||||||
Series 2007-RP4, Class A, | ||||||||
1-Month Term SOFR + 0.46%, | 370,028 | 351,662 | ||||||
Sierra Timeshare Receivables Funding LLC | ||||||||
Series 2019-1A, Class A, | ||||||||
3.20%, 01/20/2036 (A) | 538,822 | 536,025 | ||||||
Series 2019-1A, Class B, | ||||||||
3.42%, 01/20/2036 (A) | 1,224,596 | 1,217,164 | ||||||
Series 2021-1A, Class A, | ||||||||
0.99%, 11/20/2037 (A) | 1,560,421 | 1,474,692 | ||||||
Series 2023-1A, Class A, | ||||||||
5.20%, 01/20/2040 (A) | 4,440,263 | 4,453,616 | ||||||
Series 2023-2A, Class A, | ||||||||
5.80%, 04/20/2040 (A) | 2,886,464 | 2,932,066 | ||||||
Series 2023-3A, Class A, | ||||||||
6.10%, 09/20/2040 (A) | 4,965,573 | 5,083,450 | ||||||
Trafigura Securitisation Finance PLC | ||||||||
Series 2021-1A, Class A2, | ||||||||
1.08%, 01/15/2025 (A) | 4,500,000 | 4,349,394 | ||||||
Veridian Auto Receivables Trust | ||||||||
Series 2023-1A, Class A2, | ||||||||
5.97%, 08/17/2026 (A) | 3,660,828 | 3,660,603 | ||||||
Wellfleet CLO Ltd. | ||||||||
Series 2016-2A, Class A1R, | ||||||||
3-Month Term SOFR + 1.40%, | 582,306 | 582,450 | ||||||
|
| |||||||
Total Asset-Backed Securities |
| 120,324,211 | ||||||
|
|
Transamerica Funds | Page 1 |
Transamerica Core Bond
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2024
(unaudited)
Principal | Value | |||||||
CORPORATE DEBT SECURITIES - 34.2% | ||||||||
Aerospace & Defense - 0.7% | ||||||||
Boeing Co. | ||||||||
3.50%, 03/01/2039 | $ 7,305,000 | $ 5,753,466 | ||||||
5.15%, 05/01/2030 | 1,802,000 | 1,803,923 | ||||||
5.93%, 05/01/2060 | 2,602,000 | 2,594,710 | ||||||
HEICO Corp. | ||||||||
5.35%, 08/01/2033 | 6,105,000 | 6,197,060 | ||||||
|
| |||||||
16,349,159 | ||||||||
|
| |||||||
Automobile Components - 0.1% | ||||||||
Aptiv PLC/Aptiv Corp. | ||||||||
3.25%, 03/01/2032 | 3,121,000 | 2,748,637 | ||||||
|
| |||||||
Automobiles - 1.2% | ||||||||
BMW US Capital LLC | ||||||||
2.80%, 04/11/2026 (A) | 3,641,000 | 3,502,665 | ||||||
Ford Motor Credit Co. LLC | ||||||||
3.38%, 11/13/2025 | 6,702,000 | 6,431,927 | ||||||
6.95%, 03/06/2026 | 885,000 | 905,255 | ||||||
General Motors Co. | ||||||||
6.25%, 10/02/2043 | 1,445,000 | 1,479,651 | ||||||
General Motors Financial Co., Inc. | ||||||||
5.00%, 04/09/2027 | 2,983,000 | 2,978,851 | ||||||
Nissan Motor Acceptance Co. LLC | ||||||||
7.05%, 09/15/2028 (A) | 5,048,000 | 5,306,029 | ||||||
Stellantis Finance US, Inc. | ||||||||
6.38%, 09/12/2032 (A) (C) | 3,512,000 | 3,768,914 | ||||||
Volkswagen Group of America Finance LLC | ||||||||
1.63%, 11/24/2027 (A) | 3,463,000 | 3,073,770 | ||||||
|
| |||||||
27,447,062 | ||||||||
|
| |||||||
Banks - 5.8% | ||||||||
Bank of America Corp. | ||||||||
Fixed until 04/25/2033, | 16,730,000 | 16,814,717 | ||||||
Fixed until 01/23/2034, | 2,836,000 | 2,887,005 | ||||||
Barclays PLC | ||||||||
Fixed until 11/02/2025, | 6,207,000 | 6,408,455 | ||||||
Citigroup, Inc. | ||||||||
Fixed until 05/25/2033, | 3,775,000 | 3,917,843 | ||||||
Deutsche Bank AG | ||||||||
Fixed until 11/26/2024, | 3,026,000 | 2,976,986 | ||||||
Fixed until 11/10/2032, | 3,941,000 | 4,017,773 | ||||||
Fifth Third Bancorp | ||||||||
Fixed until 07/27/2028, | 1,312,000 | 1,365,101 | ||||||
Goldman Sachs Group, Inc. | ||||||||
Fixed until 10/21/2031, | 6,603,000 | 5,521,464 | ||||||
ING Groep NV | ||||||||
Fixed until 09/11/2033, | 6,919,000 | 7,250,213 | ||||||
Intesa Sanpaolo SpA | ||||||||
5.02%, 06/26/2024 (A) | 2,745,000 | 2,728,119 | ||||||
Fixed until 11/21/2032, | 8,502,000 | 9,314,307 |
Principal | Value | |||||||
CORPORATE DEBT SECURITIES (continued) | ||||||||
Banks (continued) | ||||||||
JPMorgan Chase & Co. | ||||||||
Fixed until 04/22/2026, | $ 6,152,000 | $ 5,709,964 | ||||||
Fixed until 01/23/2034, | 2,848,000 | 2,893,112 | ||||||
Fixed until 06/01/2033, | 12,716,000 | 12,924,385 | ||||||
Morgan Stanley | ||||||||
Fixed until 07/21/2033, | 4,554,000 | 4,611,922 | ||||||
Fixed until 01/18/2034, | 2,139,000 | 2,181,162 | ||||||
Fixed until 10/18/2032, | 3,686,000 | 3,972,726 | ||||||
PNC Financial Services Group, Inc. | ||||||||
Fixed until 01/22/2034, | 800,000 | 819,996 | ||||||
Fixed until 08/18/2033, | 4,127,000 | 4,310,986 | ||||||
Truist Financial Corp. | ||||||||
Fixed until 01/26/2033, | 4,390,000 | 4,271,619 | ||||||
Fixed until 10/28/2032, | 2,532,000 | 2,632,326 | ||||||
Fixed until 10/30/2028, | 2,222,000 | 2,398,714 | ||||||
UBS Group AG | ||||||||
Fixed until 09/11/2024, | 4,526,000 | 4,442,238 | ||||||
Fixed until 08/12/2032, | 5,512,000 | 5,863,330 | ||||||
US Bancorp | ||||||||
Fixed until 06/10/2033, | 3,528,000 | 3,636,704 | ||||||
Wells Fargo & Co. | ||||||||
Fixed until 07/25/2033, | 6,178,000 | 6,298,724 | ||||||
Fixed until 06/15/2024 (D), 5.90% (B) | 2,943,000 | 2,931,566 | ||||||
|
| |||||||
133,101,457 | ||||||||
|
| |||||||
Beverages - 0.5% | ||||||||
Anheuser-Busch InBev Worldwide, Inc. | ||||||||
4.44%, 10/06/2048 | 4,846,000 | 4,389,323 | ||||||
Constellation Brands, Inc. | ||||||||
3.15%, 08/01/2029 | 1,440,000 | 1,328,447 | ||||||
3.70%, 12/06/2026 | 1,889,000 | 1,838,448 | ||||||
Diageo Capital PLC | ||||||||
5.50%, 01/24/2033 | 2,774,000 | 2,920,399 | ||||||
|
| |||||||
10,476,617 | ||||||||
|
| |||||||
Biotechnology - 0.5% | ||||||||
Amgen, Inc. | ||||||||
2.80%, 08/15/2041 | 2,750,000 | 1,987,223 | ||||||
5.60%, 03/02/2043 | 2,796,000 | 2,872,052 | ||||||
CSL Finance PLC | ||||||||
4.63%, 04/27/2042 (A) | 2,753,000 | 2,582,723 | ||||||
Gilead Sciences, Inc. | ||||||||
4.15%, 03/01/2047 | 1,594,000 | 1,377,730 | ||||||
Royalty Pharma PLC | ||||||||
2.20%, 09/02/2030 | 2,875,000 | 2,410,032 | ||||||
|
| |||||||
11,229,760 | ||||||||
|
|
Transamerica Funds | Page 2 |
Transamerica Core Bond
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2024
(unaudited)
Principal | Value | |||||||
CORPORATE DEBT SECURITIES (continued) | ||||||||
Building Products - 0.4% | ||||||||
Carrier Global Corp. | ||||||||
5.90%, 03/15/2034 (A) | $ 2,367,000 | $ 2,526,459 | ||||||
Lowe’s Cos., Inc. | ||||||||
3.75%, 04/01/2032 | 6,268,000 | 5,830,421 | ||||||
|
| |||||||
8,356,880 | ||||||||
|
| |||||||
Capital Markets - 0.4% | ||||||||
Charles Schwab Corp. | ||||||||
Fixed until 05/19/2033, | 8,351,000 | 8,643,804 | ||||||
|
| |||||||
Chemicals - 0.4% | ||||||||
Celanese US Holdings LLC | ||||||||
6.70%, 11/15/2033 | 3,370,000 | 3,620,978 | ||||||
FMC Corp. | ||||||||
5.65%, 05/18/2033 (C) | 2,748,000 | 2,730,666 | ||||||
Nutrien Ltd. | ||||||||
4.90%, 03/27/2028 | 2,986,000 | 2,999,267 | ||||||
|
| |||||||
9,350,911 | ||||||||
|
| |||||||
Commercial Services & Supplies - 1.9% | ||||||||
ADT Security Corp. | ||||||||
4.13%, 08/01/2029 (A) (C) | 5,015,000 | 4,627,867 | ||||||
Ashtead Capital, Inc. | ||||||||
5.55%, 05/30/2033 (A) | 1,193,000 | 1,182,162 | ||||||
5.80%, 04/15/2034 (A) | 1,406,000 | 1,414,387 | ||||||
Carlisle Cos., Inc. | ||||||||
3.75%, 12/01/2027 | 3,740,000 | 3,590,109 | ||||||
Element Fleet Management Corp. | ||||||||
6.32%, 12/04/2028 (A) | 7,086,000 | 7,360,239 | ||||||
General Electric Co. | ||||||||
4.13%, 10/09/2042 (C) | 2,723,000 | 2,321,881 | ||||||
4.50%, 03/11/2044 | 3,436,000 | 3,180,640 | ||||||
GXO Logistics, Inc. | ||||||||
2.65%, 07/15/2031 | 9,977,000 | 8,233,979 | ||||||
Quanta Services, Inc. | ||||||||
2.90%, 10/01/2030 | 3,740,000 | 3,278,527 | ||||||
Triton Container International Ltd./TAL International Container Corp. | ||||||||
3.25%, 03/15/2032 | 9,412,000 | 7,639,966 | ||||||
|
| |||||||
42,829,757 | ||||||||
|
| |||||||
Consumer Finance - 0.2% | ||||||||
Capital One Financial Corp. | ||||||||
Fixed until 02/01/2029, | 4,603,000 | 4,643,420 | ||||||
|
| |||||||
Consumer Staples Distribution & Retail - 0.3% | ||||||||
7-Eleven, Inc. | ||||||||
1.80%, 02/10/2031 (A) | 4,794,000 | 3,880,757 | ||||||
Sysco Corp. | ||||||||
3.30%, 07/15/2026 | 3,541,000 | 3,437,177 | ||||||
|
| |||||||
7,317,934 | ||||||||
|
| |||||||
Containers & Packaging - 0.1% | ||||||||
Sonoco Products Co. | ||||||||
2.25%, 02/01/2027 | 3,740,000 | 3,469,043 | ||||||
|
| |||||||
Distributors - 0.1% | ||||||||
LKQ Corp. | ||||||||
6.25%, 06/15/2033 | 2,747,000 | 2,863,903 | ||||||
|
|
Principal | Value | |||||||
CORPORATE DEBT SECURITIES (continued) | ||||||||
Diversified REITs - 1.8% | ||||||||
American Tower Trust #1 | ||||||||
3.65%, 03/15/2048 (A) | $ 2,800,000 | $ 2,665,504 | ||||||
Broadstone Net Lease LLC | ||||||||
2.60%, 09/15/2031 | 6,211,000 | 4,878,188 | ||||||
SBA Tower Trust | ||||||||
1.63%, 05/15/2051 (A) | 6,278,000 | 5,621,996 | ||||||
1.88%, 07/15/2050 (A) | 1,100,000 | 1,022,741 | ||||||
2.84%, 01/15/2050 (A) | 13,134,000 | 12,718,670 | ||||||
6.60%, 01/15/2028 (A) | 3,650,000 | 3,746,374 | ||||||
VICI Properties LP | ||||||||
4.95%, 02/15/2030 | 6,748,000 | 6,547,311 | ||||||
Weyerhaeuser Co. | ||||||||
4.00%, 04/15/2030 | 4,761,000 | 4,535,509 | ||||||
|
| |||||||
41,736,293 | ||||||||
|
| |||||||
Diversified Telecommunication Services - 0.4% | ||||||||
Sprint Capital Corp. | ||||||||
6.88%, 11/15/2028 | 822,000 | 888,154 | ||||||
Verizon Communications, Inc. | ||||||||
1.68%, 10/30/2030 | 5,851,000 | 4,800,122 | ||||||
2.99%, 10/30/2056 | 7,266,000 | 4,730,093 | ||||||
|
| |||||||
10,418,369 | ||||||||
|
| |||||||
Electric Utilities - 1.4% | ||||||||
Appalachian Power Co. | ||||||||
3.40%, 06/01/2025 | 2,462,000 | 2,412,154 | ||||||
Cleveland Electric Illuminating Co. | ||||||||
5.95%, 12/15/2036 | 614,000 | 628,772 | ||||||
CMS Energy Corp. | ||||||||
4.88%, 03/01/2044 | 974,000 | 915,801 | ||||||
DTE Electric Co. | ||||||||
4.30%, 07/01/2044 | 7,295,000 | 6,400,839 | ||||||
Duke Energy Corp. | ||||||||
3.75%, 04/15/2024 - 09/01/2046 | 10,608,000 | 9,238,375 | ||||||
Duke Energy Progress LLC | ||||||||
3.60%, 09/15/2047 | 2,726,000 | 2,080,520 | ||||||
Entergy Arkansas LLC | ||||||||
3.70%, 06/01/2024 | 1,493,000 | 1,482,220 | ||||||
Oncor Electric Delivery Co. LLC | ||||||||
5.30%, 06/01/2042 | 707,000 | 746,862 | ||||||
Pacific Gas & Electric Co. | ||||||||
2.50%, 02/01/2031 | 2,979,000 | 2,467,544 | ||||||
PacifiCorp | ||||||||
3.60%, 04/01/2024 | 3,749,000 | 3,736,351 | ||||||
Public Service Electric & Gas Co. | ||||||||
3.00%, 05/15/2025 (C) | 1,955,000 | 1,911,880 | ||||||
|
| |||||||
32,021,318 | ||||||||
|
| |||||||
Electronic Equipment, Instruments & Components - 0.7% | ||||||||
Arrow Electronics, Inc. | ||||||||
2.95%, 02/15/2032 | 5,137,000 | 4,341,305 | ||||||
Keysight Technologies, Inc. | ||||||||
4.60%, 04/06/2027 | 4,366,000 | 4,340,984 | ||||||
Sensata Technologies, Inc. | ||||||||
4.38%, 02/15/2030 (A) (C) | 4,143,000 | 3,818,769 | ||||||
Trimble, Inc. | ||||||||
6.10%, 03/15/2033 | 4,169,000 | 4,381,723 | ||||||
|
| |||||||
16,882,781 | ||||||||
|
| |||||||
Energy Equipment & Services - 0.2% | ||||||||
Schlumberger Holdings Corp. | ||||||||
3.90%, 05/17/2028 (A) | 4,487,000 | 4,350,893 | ||||||
|
|
Transamerica Funds | Page 3 |
Transamerica Core Bond
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2024
(unaudited)
Principal | Value | |||||||
CORPORATE DEBT SECURITIES (continued) | ||||||||
Financial Services - 1.2% | ||||||||
AerCap Ireland Capital DAC/AerCap Global Aviation Trust | ||||||||
4.45%, 04/03/2026 | $ 6,232,000 | $ 6,120,511 | ||||||
Aviation Capital Group LLC | ||||||||
1.95%, 01/30/2026 (A) | 2,570,000 | 2,398,833 | ||||||
5.50%, 12/15/2024 (A) | 8,463,000 | 8,437,165 | ||||||
Avolon Holdings Funding Ltd. | ||||||||
2.88%, 02/15/2025 (A) | 7,533,000 | 7,299,368 | ||||||
5.50%, 01/15/2026 (A) | 3,257,000 | 3,237,478 | ||||||
|
| |||||||
27,493,355 | ||||||||
|
| |||||||
Food Products - 0.6% | ||||||||
Bunge Ltd. Finance Corp. | ||||||||
2.75%, 05/14/2031 | 4,967,000 | 4,302,128 | ||||||
Cargill, Inc. | ||||||||
5.13%, 10/11/2032 (A) | 2,894,000 | 2,939,453 | ||||||
J M Smucker Co. | ||||||||
6.50%, 11/15/2043 | 2,296,000 | 2,554,063 | ||||||
Viterra Finance BV | ||||||||
4.90%, 04/21/2027 (A) | 5,002,000 | 4,955,685 | ||||||
|
| |||||||
14,751,329 | ||||||||
|
| |||||||
Health Care Equipment & Supplies - 0.3% | ||||||||
Alcon Finance Corp. | ||||||||
2.75%, 09/23/2026 (A) | 2,235,000 | 2,114,425 | ||||||
5.75%, 12/06/2052 (A) | 1,272,000 | 1,346,443 | ||||||
GE HealthCare Technologies, Inc. | ||||||||
5.86%, 03/15/2030 | 2,577,000 | 2,709,247 | ||||||
|
| |||||||
6,170,115 | ||||||||
|
| |||||||
Health Care Providers & Services - 1.6% | ||||||||
Centene Corp. | ||||||||
3.38%, 02/15/2030 | 7,127,000 | 6,375,090 | ||||||
Cigna Group | ||||||||
2.40%, 03/15/2030 | 4,530,000 | 3,953,655 | ||||||
CVS Health Corp. | ||||||||
2.70%, 08/21/2040 | 3,472,000 | 2,442,524 | ||||||
5.25%, 01/30/2031 | 1,862,000 | 1,892,200 | ||||||
Elevance Health, Inc. | ||||||||
2.25%, 05/15/2030 | 4,034,000 | 3,479,601 | ||||||
5.13%, 02/15/2053 | 2,425,000 | 2,374,571 | ||||||
HCA, Inc. | ||||||||
4.13%, 06/15/2029 | 1,994,000 | 1,901,326 | ||||||
4.63%, 03/15/2052 | 3,661,000 | 3,101,792 | ||||||
5.25%, 04/15/2025 | 1,795,000 | 1,793,003 | ||||||
Laboratory Corp. of America Holdings | ||||||||
2.95%, 12/01/2029 | 2,929,000 | 2,655,556 | ||||||
Molina Healthcare, Inc. | ||||||||
4.38%, 06/15/2028 (A) | 1,520,000 | 1,424,475 | ||||||
UnitedHealth Group, Inc. | ||||||||
5.20%, 04/15/2063 | 4,467,000 | 4,473,662 | ||||||
|
| |||||||
35,867,455 | ||||||||
|
| |||||||
Health Care REITs - 0.4% | ||||||||
Physicians Realty LP | ||||||||
2.63%, 11/01/2031 | 5,456,000 | 4,488,589 | ||||||
Ventas Realty LP | ||||||||
3.25%, 10/15/2026 | 5,018,000 | 4,763,336 | ||||||
|
| |||||||
9,251,925 | ||||||||
|
|
Principal | Value | |||||||
CORPORATE DEBT SECURITIES (continued) | ||||||||
Hotels, Restaurants & Leisure - 0.4% | ||||||||
Hyatt Hotels Corp. | ||||||||
1.80%, 10/01/2024 | $ 2,477,000 | $ 2,414,597 | ||||||
Warnermedia Holdings, Inc. | ||||||||
5.05%, 03/15/2042 | 6,515,000 | 5,762,423 | ||||||
|
| |||||||
8,177,020 | ||||||||
|
| |||||||
Household Durables - 0.1% | ||||||||
Mohawk Industries, Inc. | ||||||||
5.85%, 09/18/2028 | 2,539,000 | 2,630,218 | ||||||
|
| |||||||
Industrial Conglomerates - 0.2% | ||||||||
Veralto Corp. | ||||||||
5.45%, 09/18/2033 (A) | 3,839,000 | 3,930,518 | ||||||
|
| |||||||
Insurance - 1.4% | ||||||||
Constellation Insurance, Inc. | ||||||||
6.80%, 01/24/2030 (A) | 10,038,000 | 9,939,066 | ||||||
Equitable Holdings, Inc. | ||||||||
5.59%, 01/11/2033 | 6,593,000 | 6,762,082 | ||||||
Global Atlantic Finance Co. | ||||||||
7.95%, 06/15/2033 (A) | 6,238,000 | 6,924,361 | ||||||
Muenchener Rueckversicherungs-Gesellschaft AG | ||||||||
Fixed until 11/23/2031, | 2,800,000 | 2,832,900 | ||||||
Prudential Financial, Inc. | ||||||||
Fixed until 07/01/2030, | 5,651,000 | 4,967,796 | ||||||
|
| |||||||
31,426,205 | ||||||||
|
| |||||||
Interactive Media & Services - 0.5% | ||||||||
Baidu, Inc. | ||||||||
4.38%, 05/14/2024 | 4,652,000 | 4,635,904 | ||||||
Meta Platforms, Inc. | ||||||||
4.80%, 05/15/2030 | 4,502,000 | 4,581,444 | ||||||
Tencent Holdings Ltd. | ||||||||
3.28%, 04/11/2024 (A) | 2,683,000 | 2,671,034 | ||||||
|
| |||||||
11,888,382 | ||||||||
|
| |||||||
Internet & Catalog Retail - 0.0% (E) | ||||||||
Expedia Group, Inc. | ||||||||
2.95%, 03/15/2031 | 402,000 | 351,884 | ||||||
|
| |||||||
Machinery - 0.4% | ||||||||
CNH Industrial Capital LLC | ||||||||
4.55%, 04/10/2028 | 4,115,000 | 4,078,106 | ||||||
Huntington Ingalls Industries, Inc. | ||||||||
2.04%, 08/16/2028 | 6,384,000 | 5,627,200 | ||||||
|
| |||||||
9,705,306 | ||||||||
|
| |||||||
Media - 0.4% | ||||||||
Charter Communications Operating LLC/Charter Communications Operating Capital | ||||||||
4.80%, 03/01/2050 | 3,602,000 | 2,746,450 | ||||||
Comcast Corp. | ||||||||
2.94%, 11/01/2056 | 1,620,000 | 1,045,195 | ||||||
NBCUniversal Media LLC | ||||||||
4.45%, 01/15/2043 | 3,353,000 | 3,030,472 | ||||||
Paramount Global | ||||||||
4.20%, 05/19/2032 (C) | 2,681,000 | 2,383,272 | ||||||
|
| |||||||
9,205,389 | ||||||||
|
|
Transamerica Funds | Page 4 |
Transamerica Core Bond
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2024
(unaudited)
Principal | Value | |||||||
CORPORATE DEBT SECURITIES (continued) | ||||||||
Metals & Mining - 0.5% | ||||||||
Anglo American Capital PLC | ||||||||
4.50%, 03/15/2028 (A) | $ 3,182,000 | $ 3,095,969 | ||||||
ArcelorMittal SA | ||||||||
6.55%, 11/29/2027 | 5,937,000 | 6,221,452 | ||||||
Glencore Funding LLC | ||||||||
2.63%, 09/23/2031 (A) | 4,052,000 | 3,421,665 | ||||||
|
| |||||||
12,739,086 | ||||||||
|
| |||||||
Office REITs - 0.3% | ||||||||
Corporate Office Properties LP | ||||||||
2.00%, 01/15/2029 | 915,000 | 768,325 | ||||||
2.25%, 03/15/2026 | 1,209,000 | 1,135,769 | ||||||
Highwoods Realty LP | ||||||||
4.13%, 03/15/2028 | 2,790,000 | 2,603,808 | ||||||
7.65%, 02/01/2034 (C) | 1,699,000 | 1,868,179 | ||||||
|
| |||||||
6,376,081 | ||||||||
|
| |||||||
Oil, Gas & Consumable Fuels - 2.6% | ||||||||
Boardwalk Pipelines LP | ||||||||
3.40%, 02/15/2031 | 3,125,000 | 2,795,816 | ||||||
Chevron USA, Inc. | ||||||||
3.25%, 10/15/2029 | 4,089,000 | 3,876,565 | ||||||
Energy Transfer LP | ||||||||
4.90%, 02/01/2024 | 2,863,000 | 2,863,000 | ||||||
5.15%, 03/15/2045 | 1,668,000 | 1,528,138 | ||||||
5.55%, 02/15/2028 | 1,343,000 | 1,366,806 | ||||||
5.95%, 10/01/2043 | 1,293,000 | 1,281,186 | ||||||
Enterprise Products Operating LLC | ||||||||
4.25%, 02/15/2048 | 8,341,000 | 7,241,061 | ||||||
Kinder Morgan Energy Partners LP | ||||||||
4.15%, 02/01/2024 | 3,178,000 | 3,178,000 | ||||||
Occidental Petroleum Corp. | ||||||||
5.55%, 03/15/2026 | 5,927,000 | 5,966,999 | ||||||
ONEOK, Inc. | ||||||||
6.10%, 11/15/2032 | 5,869,000 | 6,178,714 | ||||||
Ovintiv, Inc. | ||||||||
6.25%, 07/15/2033 | 3,974,000 | 4,137,219 | ||||||
Petroleos Mexicanos | ||||||||
6.84%, 01/23/2030 (C) | 3,109,000 | 2,669,933 | ||||||
6.88%, 08/04/2026 | 1,410,000 | 1,373,369 | ||||||
7.69%, 01/23/2050 | 641,000 | 448,094 | ||||||
Plains All American Pipeline LP/PAA Finance Corp. | ||||||||
3.55%, 12/15/2029 | 3,097,000 | 2,848,041 | ||||||
Sabine Pass Liquefaction LLC | ||||||||
4.20%, 03/15/2028 | 2,888,000 | 2,828,080 | ||||||
Shell International Finance BV | ||||||||
2.50%, 09/12/2026 | 3,121,000 | 2,974,076 | ||||||
3.75%, 09/12/2046 | 2,857,000 | 2,337,211 | ||||||
Western Midstream Operating LP | ||||||||
6.15%, 04/01/2033 | 4,138,000 | 4,278,775 | ||||||
Williams Cos., Inc. | ||||||||
5.40%, 03/04/2044 | 1,095,000 | 1,055,078 | ||||||
|
| |||||||
61,226,161 | ||||||||
|
| |||||||
Passenger Airlines - 0.1% | ||||||||
American Airlines Pass-Through Trust | ||||||||
3.20%, 12/15/2029 | 151 | 138 | ||||||
United Airlines Pass-Through Trust | ||||||||
3.75%, 03/03/2028 | 3,573,435 | 3,434,024 | ||||||
|
| |||||||
3,434,162 | ||||||||
|
|
Principal | Value | |||||||
CORPORATE DEBT SECURITIES (continued) | ||||||||
Personal Care Products - 0.4% | ||||||||
Haleon US Capital LLC | ||||||||
3.38%, 03/24/2027 | $ 2,762,000 | $ 2,658,772 | ||||||
Kenvue, Inc. | ||||||||
5.00%, 03/22/2030 | 6,008,000 | 6,151,231 | ||||||
|
| |||||||
8,810,003 | ||||||||
|
| |||||||
Pharmaceuticals - 0.8% | ||||||||
AbbVie, Inc. | ||||||||
3.20%, 05/14/2026 | 2,346,000 | 2,276,605 | ||||||
Bayer US Finance II LLC | ||||||||
4.38%, 12/15/2028 (A) | 3,866,000 | 3,663,829 | ||||||
Bristol-Myers Squibb Co. | ||||||||
6.40%, 11/15/2063 | 763,000 | 875,199 | ||||||
Merck & Co., Inc. | ||||||||
5.00%, 05/17/2053 | 4,216,000 | 4,219,811 | ||||||
Pfizer Investment Enterprises Pte. Ltd. | ||||||||
5.11%, 05/19/2043 | 4,409,000 | 4,382,864 | ||||||
Viatris, Inc. | ||||||||
2.30%, 06/22/2027 | 2,488,000 | 2,265,652 | ||||||
|
| |||||||
17,683,960 | ||||||||
|
| |||||||
Professional Services - 0.3% | ||||||||
Equifax, Inc. | ||||||||
2.60%, 12/01/2024 | 4,000,000 | 3,911,117 | ||||||
5.10%, 12/15/2027 | 2,326,000 | 2,345,106 | ||||||
|
| |||||||
6,256,223 | ||||||||
|
| |||||||
Residential REITs - 0.3% | ||||||||
American Homes 4 Rent LP | ||||||||
5.50%, 02/01/2034 | 4,649,000 | 4,696,143 | ||||||
Invitation Homes Operating Partnership LP | ||||||||
4.15%, 04/15/2032 | 2,844,000 | 2,609,655 | ||||||
|
| |||||||
7,305,798 | ||||||||
|
| |||||||
Retail REITs - 0.2% | ||||||||
Realty Income Corp. | ||||||||
4.90%, 07/15/2033 | 3,131,000 | 3,063,235 | ||||||
Simon Property Group LP | ||||||||
6.25%, 01/15/2034 | 2,434,000 | 2,631,306 | ||||||
|
| |||||||
5,694,541 | ||||||||
|
| |||||||
Semiconductors & Semiconductor Equipment - 1.6% | ||||||||
Advanced Micro Devices, Inc. | ||||||||
3.92%, 06/01/2032 | 5,001,000 | 4,780,780 | ||||||
Broadcom, Inc. | ||||||||
3.14%, 11/15/2035 (A) | 4,805,000 | 3,945,161 | ||||||
Foundry JV Holdco LLC | ||||||||
5.88%, 01/25/2034 (A) | 4,095,000 | 4,212,173 | ||||||
KLA Corp. | ||||||||
3.30%, 03/01/2050 | 3,574,000 | 2,667,092 | ||||||
Microchip Technology, Inc. | ||||||||
0.98%, 09/01/2024 | 4,561,000 | 4,439,555 | ||||||
Micron Technology, Inc. | ||||||||
5.30%, 01/15/2031 | 4,731,000 | 4,778,178 | ||||||
NXP BV/NXP Funding LLC/NXP USA, Inc. | ||||||||
3.25%, 11/30/2051 | 1,240,000 | 864,478 | ||||||
3.40%, 05/01/2030 | 1,216,000 | 1,110,613 | ||||||
QUALCOMM, Inc. | ||||||||
3.25%, 05/20/2050 (C) | 3,819,000 | 2,926,849 | ||||||
Skyworks Solutions, Inc. | ||||||||
1.80%, 06/01/2026 | 2,526,000 | 2,352,787 | ||||||
TSMC Global Ltd. | ||||||||
1.38%, 09/28/2030 (A) | 5,908,000 | 4,803,483 | ||||||
|
| |||||||
36,881,149 | ||||||||
|
|
Transamerica Funds | Page 5 |
Transamerica Core Bond
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2024
(unaudited)
Principal | Value | |||||||
CORPORATE DEBT SECURITIES (continued) | ||||||||
Software - 1.3% | ||||||||
Crowdstrike Holdings, Inc. | ||||||||
3.00%, 02/15/2029 | $ 570,000 | $ 509,434 | ||||||
Fiserv, Inc. | ||||||||
5.45%, 03/02/2028 | 4,235,000 | 4,342,645 | ||||||
Infor, Inc. | ||||||||
1.75%, 07/15/2025 (A) | 5,112,000 | 4,839,120 | ||||||
Intuit, Inc. | ||||||||
5.50%, 09/15/2053 | 1,797,000 | 1,911,476 | ||||||
Oracle Corp. | ||||||||
3.65%, 03/25/2041 | 3,404,000 | 2,701,893 | ||||||
6.90%, 11/09/2052 | 4,244,000 | 4,969,966 | ||||||
Rackspace Technology Global, Inc. | ||||||||
3.50%, 02/15/2028 (A) | 2,902,000 | 1,136,489 | ||||||
Take-Two Interactive Software, Inc. | ||||||||
3.55%, 04/14/2025 | 6,520,000 | 6,395,727 | ||||||
Workday, Inc. | ||||||||
3.50%, 04/01/2027 | 4,199,000 | 4,064,923 | ||||||
|
| |||||||
30,871,673 | ||||||||
|
| |||||||
Specialized REITs - 0.2% | ||||||||
Extra Space Storage LP | ||||||||
5.90%, 01/15/2031 | 4,851,000 | 5,040,363 | ||||||
|
| |||||||
Tobacco - 0.4% | ||||||||
BAT Capital Corp. | ||||||||
6.42%, 08/02/2033 (C) | 5,684,000 | 5,955,865 | ||||||
Philip Morris International, Inc. | ||||||||
5.63%, 11/17/2029 | 3,895,000 | 4,061,115 | ||||||
|
| |||||||
10,016,980 | ||||||||
|
| |||||||
Wireless Telecommunication Services - 0.6% | ||||||||
America Movil SAB de CV | ||||||||
4.38%, 07/16/2042 | 2,100,000 | 1,869,392 | ||||||
T-Mobile USA, Inc. | ||||||||
3.50%, 04/15/2031 | 4,213,000 | 3,837,691 | ||||||
3.88%, 04/15/2030 | 3,775,000 | 3,567,387 | ||||||
5.15%, 04/15/2034 | 4,715,000 | 4,743,857 | ||||||
|
| |||||||
14,018,327 | ||||||||
|
| |||||||
Total Corporate Debt Securities |
| 791,441,606 | ||||||
|
| |||||||
FOREIGN GOVERNMENT OBLIGATIONS - 0.4% | ||||||||
Chile - 0.0% (E) | ||||||||
Chile Government International Bonds | ||||||||
3.50%, 01/25/2050 | 825,000 | 608,510 | ||||||
|
| |||||||
Colombia - 0.1% | ||||||||
Colombia Government International Bonds | ||||||||
3.13%, 04/15/2031 | 3,584,000 | 2,867,217 | ||||||
|
| |||||||
Indonesia - 0.2% | ||||||||
Indonesia Government International Bonds | ||||||||
4.75%, 01/08/2026 (A) | 3,205,000 | 3,197,101 | ||||||
|
| |||||||
Mexico - 0.1% | ||||||||
Mexico Government International Bonds | ||||||||
3.75%, 01/11/2028 | 2,481,000 | 2,381,357 | ||||||
|
|
Principal | Value | |||||||
FOREIGN GOVERNMENT OBLIGATIONS (continued) | ||||||||
Panama - 0.0% (E) | ||||||||
Panama Government International Bonds | ||||||||
3.88%, 03/17/2028 | $ 735,000 | $ 670,391 | ||||||
|
| |||||||
Total Foreign Government Obligations |
| 9,724,576 | ||||||
|
| |||||||
MORTGAGE-BACKED SECURITIES - 5.9% | ||||||||
Alternative Loan Trust | ||||||||
Series 2005-36, Class 2A1A, | ||||||||
1-Month Term SOFR + 0.73%, | 268,338 | 234,837 | ||||||
Series 2005-50CB, Class 1A1, | ||||||||
5.50%, 11/25/2035 | 411,810 | 332,397 | ||||||
Series 2005-51, Class 3A3A, | ||||||||
1-Month Term SOFR + 0.75%, | 302,476 | 256,880 | ||||||
Series 2007-22, Class 2A16, | ||||||||
6.50%, 09/25/2037 | 4,550,696 | 1,729,223 | ||||||
Series 2007-5CB, Class 1A31, | ||||||||
5.50%, 04/25/2037 | 672,900 | 344,284 | ||||||
BB-UBS Trust | ||||||||
Series 2012-TFT, Class A, | ||||||||
2.89%, 06/05/2030 (A) | 1,574,357 | 1,422,904 | ||||||
Bear Stearns Alt-A Trust | ||||||||
Series 2004-11, Class 2A2, | ||||||||
5.13% (B), 11/25/2034 | 24,432 | 22,750 | ||||||
CHL Mortgage Pass-Through Trust | ||||||||
Series 2003-60, Class 1A1, | ||||||||
6.12% (B), 02/25/2034 | 4,250 | 4,063 | ||||||
Series 2005-3, Class 1A2, | ||||||||
1-Month Term SOFR + 0.69%, | 59,147 | 53,671 | ||||||
CIM Trust | ||||||||
Series 2021-R6, Class A1, | ||||||||
1.43% (B), 07/25/2061 (A) | 4,875,024 | 4,270,258 | ||||||
Citigroup Mortgage Loan Trust, Inc. | ||||||||
Series 2014-A, Class A, | ||||||||
4.00% (B), 01/25/2035 (A) | 199,407 | 189,751 | ||||||
Series 2015-PS1, Class A1, | ||||||||
3.75% (B), 09/25/2042 (A) | 154,203 | 144,351 | ||||||
Series 2018-RP1, Class A1, | ||||||||
3.00% (B), 09/25/2064 (A) | 798,342 | 769,257 | ||||||
COMM Mortgage Trust | ||||||||
Series 2015-3BP, Class A, | ||||||||
3.18%, 02/10/2035 (A) | 7,005,000 | 6,680,121 | ||||||
CSMC Trust | ||||||||
Series 2021-RPL2, Class A1A, | ||||||||
1.11% (B), 01/25/2060 (A) | 5,526,944 | 4,561,459 | ||||||
Series 2021-RPL6, Class A1, | ||||||||
2.00% (B), 10/25/2060 (A) | 3,601,469 | 3,171,334 | ||||||
Fontainebleau Miami Beach Trust | ||||||||
Series 2019-FBLU, Class A, | ||||||||
3.14%, 12/10/2036 (A) | 3,800,000 | 3,695,183 | ||||||
Series 2019-FBLU, Class B, | ||||||||
3.45%, 12/10/2036 (A) | 6,050,000 | 5,884,352 | ||||||
Series 2019-FBLU, Class C, | ||||||||
3.75%, 12/10/2036 (A) | 4,570,000 | 4,444,353 | ||||||
GMACM Mortgage Loan Trust | ||||||||
Series 2005-AR1, Class 3A, | ||||||||
4.09% (B), 03/18/2035 | 3,473 | 2,923 | ||||||
Impac CMB Trust | ||||||||
Series 2004-6, Class 1A1, | ||||||||
1-Month Term SOFR + 0.91%, | 3,904 | 3,783 |
Transamerica Funds | Page 6 |
Transamerica Core Bond
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2024
(unaudited)
Principal | Value | |||||||
MORTGAGE-BACKED SECURITIES (continued) | ||||||||
IndyMac INDX Mortgage Loan Trust | ||||||||
Series 2007-AR15, Class 2A1, | ||||||||
3.32% (B), 08/25/2037 | $ 273,201 | $ 192,401 | ||||||
JPMorgan Chase Commercial Mortgage Securities Trust | ||||||||
Series 2014-DSTY, Class B, | ||||||||
3.77%, 06/10/2027 (A) | 4,800,000 | 649,466 | ||||||
JPMorgan Mortgage Trust | ||||||||
Series 2004-A1, Class 1A1, | ||||||||
4.71% (B), 02/25/2034 | 11,237 | 10,180 | ||||||
Series 2006-A2, Class 5A1, | ||||||||
6.13% (B), 11/25/2033 | 4,748 | 4,546 | ||||||
Series 2006-S3, Class 1A12, | ||||||||
6.50%, 08/25/2036 | 150,291 | 49,954 | ||||||
Manhattan West Mortgage Trust | ||||||||
Series 2020-1MW, Class A, | ||||||||
2.13%, 09/10/2039 (A) | 5,765,000 | 5,168,111 | ||||||
Series 2020-1MW, Class B, | ||||||||
2.41% (B), 09/10/2039 (A) | 5,024,000 | 4,474,720 | ||||||
MASTR Adjustable Rate Mortgages Trust | ||||||||
Series 2007-R5, Class A1, | ||||||||
5.10% (B), 11/25/2035 (A) | 148,330 | 70,874 | ||||||
Merrill Lynch Mortgage Investors Trust | ||||||||
Series 2003-F, Class A1, | ||||||||
1-Month Term SOFR + 0.75%, | 3,421 | 3,188 | ||||||
Series 2004-A1, Class 2A1, | ||||||||
5.16% (B), 02/25/2034 | 38,491 | 34,753 | ||||||
Series 2005-A4, Class 2A2, | ||||||||
4.67% (B), 07/25/2035 | 36,732 | 32,123 | ||||||
Morgan Stanley Bank of America Merrill Lynch Trust | ||||||||
Series 2013-C11, Class B, | ||||||||
4.21% (B), 08/15/2046 | 1,035,000 | 628,255 | ||||||
Nationstar Mortgage Loan Trust | ||||||||
Series 2013-A, Class A, | ||||||||
3.75% (B), 12/25/2052 (A) | 636,190 | 591,568 | ||||||
New Residential Mortgage Loan Trust | ||||||||
Series 2014-1A, Class A, | ||||||||
3.75% (B), 01/25/2054 (A) | 274,697 | 259,000 | ||||||
Series 2014-2A, Class A3, | ||||||||
3.75% (B), 05/25/2054 (A) | 216,446 | 202,888 | ||||||
Series 2014-3A, Class AFX3, | ||||||||
3.75% (B), 11/25/2054 (A) | 718,817 | 673,366 | ||||||
Series 2015-2A, Class A1, | ||||||||
3.75% (B), 08/25/2055 (A) | 893,115 | 839,208 | ||||||
Series 2016-2A, Class A1, | ||||||||
3.75% (B), 11/26/2035 (A) | 785,808 | 742,024 | ||||||
Series 2016-3A, Class A1B, | ||||||||
3.25% (B), 09/25/2056 (A) | 1,624,302 | 1,491,180 | ||||||
Series 2017-1A, Class A1, | ||||||||
4.00% (B), 02/25/2057 (A) | 1,412,913 | 1,337,075 | ||||||
Series 2017-2A, Class A3, | ||||||||
4.00% (B), 03/25/2057 (A) | 1,636,423 | 1,547,128 | ||||||
Series 2017-3A, Class A1, | ||||||||
4.00% (B), 04/25/2057 (A) | 2,273,005 | 2,148,452 | ||||||
Series 2017-4A, Class A1, | ||||||||
4.00% (B), 05/25/2057 (A) | 1,139,473 | 1,074,140 | ||||||
Series 2018-1A, Class A1A, | ||||||||
4.00% (B), 12/25/2057 (A) | 698,208 | 663,113 | ||||||
Series 2018-RPL1, Class A1, | ||||||||
3.50% (B), 12/25/2057 (A) | 6,465,717 | 6,182,944 | ||||||
Series 2019-4A, Class A1B, | ||||||||
3.50% (B), 12/25/2058 (A) | 4,794,466 | 4,424,342 | ||||||
Series 2019-5A, Class A1B, | ||||||||
3.50% (B), 08/25/2059 (A) | 1,153,192 | 1,077,234 |
Principal | Value | |||||||
MORTGAGE-BACKED SECURITIES (continued) | ||||||||
New Residential Mortgage Loan Trust (continued) |
| |||||||
Series 2019-6A, Class A1B, | ||||||||
3.50% (B), 09/25/2059 (A) | $ 1,738,243 | $ 1,623,158 | ||||||
OBX Trust | ||||||||
Series 2023-NQM4, Class A1, | ||||||||
6.11% (B), 03/25/2063 (A) | 4,227,801 | 4,250,883 | ||||||
One Market Plaza Trust | ||||||||
Series 2017-1MKT, Class A, | ||||||||
3.61%, 02/10/2032 (A) | 4,548,000 | 4,161,420 | ||||||
RALI Trust | ||||||||
Series 2007-QO4, Class A1A, | ||||||||
1-Month Term SOFR + 0.49%, | 251,907 | 218,415 | ||||||
Structured Adjustable Rate Mortgage Loan Trust | ||||||||
Series 2005-15, Class 1A1, | ||||||||
4.76% (B), 07/25/2035 | 187,159 | 99,032 | ||||||
Series 2007-3, Class 3A1, | ||||||||
4.24% (B), 04/25/2047 | 462,405 | 212,861 | ||||||
Structured Asset Mortgage Investments II Trust | ||||||||
Series 2003-AR4, Class A1, | ||||||||
1-Month Term SOFR + 0.81%, | 11,511 | 10,752 | ||||||
Towd Point Mortgage Trust | ||||||||
Series 2017-1, Class A1, | ||||||||
2.75% (B), 10/25/2056 (A) | 60,117 | 59,791 | ||||||
Series 2017-3, Class A1, | ||||||||
2.75% (B), 07/25/2057 (A) | 324,826 | 319,611 | ||||||
Series 2017-4, Class A1, | ||||||||
2.75% (B), 06/25/2057 (A) | 988,743 | 948,110 | ||||||
Series 2017-6, Class A1, | ||||||||
2.75% (B), 10/25/2057 (A) | 1,495,114 | 1,433,001 | ||||||
Series 2018-1, Class A1, | ||||||||
3.00% (B), 01/25/2058 (A) | 1,929,969 | 1,878,400 | ||||||
Series 2018-4, Class A1, | ||||||||
3.00% (B), 06/25/2058 (A) | 2,147,474 | 2,004,346 | ||||||
Series 2019-1, Class A1, | ||||||||
3.75% (B), 03/25/2058 (A) | 6,017,122 | 5,756,453 | ||||||
Series 2019-4, Class A1, | ||||||||
2.90% (B), 10/25/2059 (A) | 8,604,471 | 8,110,295 | ||||||
Series 2020-4, Class A1, | ||||||||
1.75%, 10/25/2060 (A) | 1,976,153 | 1,751,630 | ||||||
Series 2021-1, Class A1, | ||||||||
2.25% (B), 11/25/2061 (A) | 3,608,457 | 3,320,201 | ||||||
Series 2022-4, Class A1, | ||||||||
3.75%, 09/25/2062 (A) | 12,415,099 | 11,638,099 | ||||||
Series 2023-1, Class A1, | ||||||||
3.75%, 01/25/2063 (A) | 7,501,024 | 7,118,865 | ||||||
WaMu Mortgage Pass-Through Certificates Trust | ||||||||
Series 2005-AR8, Class 2A1A, | ||||||||
1-Month Term SOFR + 0.69%, | 17,424 | 16,213 | ||||||
Wells Fargo Commercial Mortgage Trust | ||||||||
Series 2015-C26, Class B, | ||||||||
3.78%, 02/15/2048 | 3,000,000 | 2,869,032 | ||||||
Series 2015-C29,Class AS, | ||||||||
4.01% (B), 06/15/2048 | 6,250,000 | 6,052,313 | ||||||
|
| |||||||
Total Mortgage-Backed Securities |
| 136,643,248 | ||||||
|
|
Transamerica Funds | Page 7 |
Transamerica Core Bond
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2024
(unaudited)
Principal | Value | |||||||
MUNICIPAL GOVERNMENT OBLIGATION - 0.0% (E) | ||||||||
Georgia - 0.0% (E) | ||||||||
Municipal Electric Authority of Georgia, Revenue Bonds, | ||||||||
Series A, | ||||||||
6.64%, 04/01/2057 | $ 267,000 | $ 302,326 | ||||||
|
| |||||||
Total Municipal Government Obligation |
| 302,326 | ||||||
|
| |||||||
U.S. GOVERNMENT AGENCY OBLIGATIONS - 25.1% | ||||||||
Federal Home Loan Mortgage Corp. | ||||||||
1-Year RFUCC Treasury + 1.90%, | 11,453 | 11,428 | ||||||
6-Month RFUCC Treasury + 1.57%, | 1,637 | 1,609 | ||||||
5.00%, 12/01/2035 | 168,244 | 170,806 | ||||||
1-Year RFUCC Treasury + 1.66%, | 49,588 | 49,687 | ||||||
6-Month RFUCC Treasury + 2.12%, | 4,292 | 4,217 | ||||||
1-Year RFUCC Treasury + 1.73%, | 118,925 | 119,694 | ||||||
6.00%, 05/01/2031 | 112,704 | 116,882 | ||||||
1-Year RFUCC Treasury + 1.75%, | 5,221 | 5,249 | ||||||
1-Year RFUCC Treasury + 1.80%, | 9,378 | 9,644 | ||||||
6-Month RFUCC Treasury + 1.36%, | 10,128 | 10,193 | ||||||
6-Month RFUCC Treasury + 1.57%, | 11,357 | 11,478 | ||||||
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates | ||||||||
2.81%, 01/25/2025 | 5,664,689 | 5,546,052 | ||||||
2.89%, 06/25/2027 | 975,723 | 966,919 | ||||||
3.01%, 07/25/2025 | 12,812,000 | 12,492,684 | ||||||
3.17%, 10/25/2024 | 9,318,475 | 9,175,377 | ||||||
Federal National Mortgage Association | ||||||||
3.50%, 07/01/2028 - 01/01/2029 | 595,613 | 578,642 | ||||||
1-Year RFUCC Treasury + 1.75%, | 10,772 | 10,771 | ||||||
4.50%, 02/01/2025 - 08/01/2052 | 11,741,584 | 11,361,297 | ||||||
5.00%, 04/01/2039 - 04/01/2053 | 37,321,173 | 36,961,187 | ||||||
5.50%, 04/01/2036 - 03/01/2053 | 13,722,554 | 13,825,079 | ||||||
1-Year RFUCC Treasury + 1.74%, | 15,260 | 15,660 | ||||||
6.00%, 02/01/2034 - 01/01/2040 | 1,715,106 | 1,778,643 | ||||||
6.50%, 06/01/2038 - 05/01/2040 | 728,595 | 762,100 | ||||||
6-Month RFUCC Treasury + 0.95%, | 401 | 395 | ||||||
6-Month RFUCC Treasury + 1.51%, | 2,920 | 2,956 | ||||||
Government National Mortgage Association REMICS, Interest Only STRIPS | ||||||||
0.64% (B), 02/16/2053 | 2,277,613 | 35,925 | ||||||
Tennessee Valley Authority | ||||||||
5.88%, 04/01/2036 | 2,768,000 | 3,146,171 | ||||||
Uniform Mortgage-Backed Security, TBA | ||||||||
2.00%, 02/01/2039 - 02/01/2054 (F) | 56,658,000 | 48,121,281 | ||||||
2.50%, 02/01/2039 - 02/01/2054 (F) | 130,772,000 | 111,952,763 | ||||||
3.00%, 02/01/2039 - 02/01/2054 (F) | 109,469,000 | 96,864,473 | ||||||
3.50%, 02/01/2039 - 02/01/2054 (F) | 85,440,000 | 78,682,717 |
Principal | Value | |||||||
U.S. GOVERNMENT AGENCY OBLIGATIONS (continued) | ||||||||
Uniform Mortgage-Backed Security, TBA (continued) |
| |||||||
4.00%, 02/01/2054 (F) | $ 45,602,000 | $ 42,967,259 | ||||||
4.50%, 02/01/2054 (F) | 41,726,000 | 40,366,639 | ||||||
5.50%, 02/01/2054 (F) | 48,612,000 | 48,790,203 | ||||||
6.00%, 02/01/2054 (F) | 15,022,000 | 15,238,827 | ||||||
|
| |||||||
Total U.S. Government Agency Obligations |
| 580,154,907 | ||||||
|
| |||||||
U.S. GOVERNMENT OBLIGATIONS - 26.6% | ||||||||
U.S. Treasury - 24.5% | ||||||||
U.S. Treasury Bonds | ||||||||
1.25%, 05/15/2050 | 16,047,000 | 8,340,052 | ||||||
1.88%, 02/15/2051 - 11/15/2051 | 11,868,000 | 7,246,975 | ||||||
2.00%, 02/15/2050 | 9,112,000 | 5,808,900 | ||||||
2.25%, 08/15/2046 - 02/15/2052 | 10,826,000 | 7,345,782 | ||||||
2.38%, 02/15/2042 - 05/15/2051 | 18,112,000 | 13,433,813 | ||||||
2.50%, 02/15/2045 - 05/15/2046 | 42,510,200 | 31,466,014 | ||||||
2.75%, 08/15/2042 - 11/15/2047 | 28,766,500 | 22,364,834 | ||||||
2.88%, 08/15/2045 - 05/15/2049 | 9,895,500 | 7,772,447 | ||||||
3.00%, 05/15/2042 - 08/15/2052 | 29,600,400 | 23,604,560 | ||||||
3.13%, 02/15/2042 - 05/15/2048 | 18,696,000 | 15,396,058 | ||||||
3.50%, 02/15/2039 | 7,209,000 | 6,722,674 | ||||||
3.63%, 02/15/2044 - 05/15/2053 | 30,201,500 | 27,143,920 | ||||||
3.88%, 02/15/2043 | 4,257,000 | 4,000,250 | ||||||
4.00%, 11/15/2052 | 5,195,000 | 4,983,750 | ||||||
4.13%, 08/15/2053 | 5,766,000 | 5,660,590 | ||||||
4.75%, 11/15/2053 | 8,683,000 | 9,463,113 | ||||||
5.25%, 02/15/2029 | 14,343,100 | 15,239,544 | ||||||
U.S. Treasury Notes | ||||||||
0.25%, 08/31/2025 | 5,134,000 | 4,812,523 | ||||||
0.63%, 05/15/2030 - 08/15/2030 | 50,380,000 | 41,017,086 | ||||||
1.13%, 02/15/2031 | 22,372,000 | 18,654,403 | ||||||
1.38%, 11/15/2031 | 16,965,000 | 14,070,347 | ||||||
1.50%, 08/15/2026 - 02/15/2030 | 27,285,700 | 24,377,965 | ||||||
1.63%, 02/15/2026 - 05/15/2031 | 65,736,900 | 60,568,977 | ||||||
1.88%, 02/15/2032 | 10,574,800 | 9,074,913 | ||||||
2.13%, 03/31/2024 | 16,249,000 | 16,164,581 | ||||||
2.25%, 11/15/2025 | 22,652,500 | 21,859,663 | ||||||
2.63%, 02/15/2029 | 2,275,400 | 2,143,409 | ||||||
2.75%, 05/15/2025 - 08/15/2032 | 9,236,600 | 8,578,327 | ||||||
2.88%, 08/15/2028 - 05/15/2032 | 13,664,700 | 12,781,581 | ||||||
3.13%, 11/15/2028 | 11,773,000 | 11,377,041 | ||||||
3.50%, 01/31/2028 - 02/15/2033 | 7,633,800 | 7,462,732 | ||||||
3.63%, 05/31/2028 | 4,960,000 | 4,903,231 | ||||||
3.88%, 11/30/2027 | 5,843,100 | 5,827,123 | ||||||
4.00%, 06/30/2028 | 16,645,000 | 16,703,518 | ||||||
4.13%, 09/30/2027 - 11/15/2032 | 24,569,900 | 24,814,931 | ||||||
4.38%, 08/31/2028 - 11/30/2028 | 19,139,000 | 19,543,510 | ||||||
4.50%, 11/15/2033 | 4,395,200 | 4,584,056 | ||||||
4.75%, 11/15/2043 | 19,349,000 | 20,440,405 | ||||||
|
| |||||||
565,753,598 | ||||||||
|
| |||||||
U.S. Treasury Inflation-Protected Securities - 2.1% | ||||||||
U.S. Treasury Inflation-Protected Indexed Bonds | ||||||||
0.25%, 02/15/2050 | 12,633,063 | 8,119,457 | ||||||
1.75%, 01/15/2028 | 4,567,455 | 4,561,626 | ||||||
2.50%, 01/15/2029 | 21,261,227 | 22,070,358 | ||||||
U.S. Treasury Inflation-Protected Indexed Notes | ||||||||
0.13%, 07/15/2030 | 16,446,404 | 14,962,534 | ||||||
|
| |||||||
49,713,975 | ||||||||
|
| |||||||
Total U.S. Government Obligations |
| 615,467,573 | ||||||
|
|
Transamerica Funds | Page 8 |
Transamerica Core Bond
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2024
(unaudited)
Shares | Value | |||||||
PREFERRED STOCK - 0.2% | ||||||||
Banks - 0.2% | ||||||||
Citigroup Capital XIII, | ||||||||
3-Month Term SOFR + 6.63%, 11.95% (B) | 159,306 | $ 4,624,653 | ||||||
|
| |||||||
Total Preferred Stock |
| 4,624,653 | ||||||
|
| |||||||
Principal | Value | |||||||
COMMERCIAL PAPER - 18.9% | ||||||||
Banks - 7.3% | ||||||||
Cooperatieve Rabobank UA | ||||||||
5.78% (G), 02/01/2024 | $ 10,000,000 | 9,998,531 | ||||||
DNB Bank ASA | ||||||||
5.47% (G), 06/20/2024 (A) | 24,000,000 | 23,513,870 | ||||||
HSBC USA, Inc. | ||||||||
5.52% (G), 07/23/2024 (A) | 3,829,000 | 3,728,793 | ||||||
ING US Funding LLC | ||||||||
5.88% (G), 04/30/2024 (A) | 20,800,000 | 20,520,240 | ||||||
Korea Development Bank | ||||||||
5.47% (G), 07/08/2024 | 22,000,000 | 21,498,513 | ||||||
Mackinac Funding Co. LLC | ||||||||
5.86% (G), 03/07/2024 (A) | 9,450,000 | 9,399,121 | ||||||
Macquarie Bank Ltd. | ||||||||
5.86% (G), 03/01/2024 (A) | 23,000,000 | 22,896,500 | ||||||
Nordea Bank Abp | ||||||||
5.80% (G), 03/05/2024 (A) | 18,855,000 | 18,760,576 | ||||||
5.86% (G), 04/15/2024 (A) | 4,200,000 | 4,153,830 | ||||||
Standard Chartered Bank | ||||||||
5.89% (G), 03/07/2024 (A) | 11,806,000 | 11,743,544 | ||||||
Svenska Handelsbanken AB | ||||||||
5.36% (G), 07/30/2024 (A) | 23,450,000 | 22,843,877 | ||||||
|
| |||||||
169,057,395 | ||||||||
|
| |||||||
Consumer Finance - 1.0% | ||||||||
Toyota Motor Credit Corp. | ||||||||
5.46% (G), 07/03/2024 | 23,000,000 | 22,484,501 | ||||||
|
| |||||||
Financial Services - 8.2% | ||||||||
Alinghi Funding Co. LLC | ||||||||
5.81% (G), 05/07/2024 (A) | 9,000,000 | 8,870,951 | ||||||
5.85% (G), 05/07/2024 (A) | 1,636,000 | 1,612,542 | ||||||
Anglesea Funding LLC | ||||||||
5.38% (G), 07/26/2024 (A) | 23,467,000 | 22,868,331 | ||||||
Atlantic Asset Securitization LLC | ||||||||
5.57% (G), 06/20/2024 (A) | 8,000,000 | 7,834,754 | ||||||
Britannia Funding Co. LLC | ||||||||
5.90% (G), 02/07/2024 (A) | 12,773,000 | 12,759,737 | ||||||
Chariot Funding LLC | ||||||||
5.57% (G), 03/15/2024 (A) | 25,000,000 | 24,835,917 | ||||||
Glencove Funding LLC | ||||||||
5.56% (G), 06/17/2024 (A) | 10,800,000 | 10,581,847 | ||||||
GTA Funding LLC | ||||||||
5.66% (G), 02/27/2024 (A) | 13,609,000 | 13,554,244 | ||||||
5.83% (G), 02/21/2024 (A) | 8,700,000 | 8,672,828 | ||||||
La Fayette Asset Securitization LLC | ||||||||
5.41% (G), 07/09/2024 (A) | 13,000,000 | 12,697,938 | ||||||
Liberty Street Funding LLC | ||||||||
5.84% (G), 02/01/2024 (A) | 3,825,000 | 3,824,435 | ||||||
Mont Blanc Capital Corp. | ||||||||
5.65% (G), 04/15/2024 (A) | 17,400,000 | 17,205,519 |
Principal | Value | |||||||
COMMERCIAL PAPER (continued) | ||||||||
Financial Services (continued) | ||||||||
Nieuw Amsterdam Receivables Corp. BV | ||||||||
5.40% (G), 07/25/2024 (A) | $ 12,000,000 | $ 11,696,678 | ||||||
Old Line Funding LLC | ||||||||
5.72% (G), 04/11/2024 (A) | 9,000,000 | 8,904,120 | ||||||
Ridgefield Funding Co. LLC | ||||||||
5.82% (G), 02/06/2024 (A) | 11,241,000 | 11,231,017 | ||||||
Starbird Funding Corp. | ||||||||
5.47% (G), 07/11/2024 (A) | 6,981,000 | 6,816,633 | ||||||
5.86% (G), 02/01/2024 (A) | 5,000,000 | 4,999,261 | ||||||
|
| |||||||
188,966,752 | ||||||||
|
| |||||||
Health Care Providers & Services - 0.6% |
| |||||||
Columbia Funding Co. LLC | ||||||||
5.84% (G), 03/05/2024 (A) | 14,000,000 | 13,928,997 | ||||||
|
| |||||||
Pharmaceuticals - 1.8% |
| |||||||
AstraZeneca PLC | ||||||||
5.36% (G), 07/15/2024 (A) | 21,925,000 | 21,382,700 | ||||||
Pfizer, Inc. | ||||||||
5.59% (G), 06/04/2024 (A) | 21,000,000 | 20,618,403 | ||||||
|
| |||||||
42,001,103 | ||||||||
|
| |||||||
Total Commercial Paper |
| 436,438,748 | ||||||
|
| |||||||
SHORT-TERM U.S. GOVERNMENT AGENCY OBLIGATION - 0.2% | ||||||||
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates | ||||||||
Series K728, Class A2, | ||||||||
3.06% (G), 08/25/2024 | 4,226,355 | 4,169,001 | ||||||
|
| |||||||
Total Short-Term U.S. Government Agency Obligation |
| 4,169,001 | ||||||
|
| |||||||
SHORT-TERM U.S. GOVERNMENT OBLIGATIONS - 3.1% | ||||||||
U.S. Cash Management Bills | ||||||||
5.40% (G), 03/14/2024 | 6,061,000 | 6,023,691 | ||||||
5.44% (G), 02/01/2024 | 16,360,000 | 16,360,000 | ||||||
U.S. Treasury Bills | ||||||||
5.34% (G), 05/02/2024 | 16,360,000 | 16,144,895 | ||||||
5.35% (G), 04/18/2024 | 16,173,000 | 15,993,271 | ||||||
5.37% (G), 03/05/2024 | 16,179,000 | 16,101,239 | ||||||
|
| |||||||
Total Short-Term U.S. Government Obligations |
| 70,623,096 | ||||||
|
| |||||||
Shares | Value | |||||||
OTHER INVESTMENT COMPANY - 1.0% | ||||||||
Securities Lending Collateral - 1.0% | ||||||||
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 5.30% (G) | 22,322,255 | 22,322,255 | ||||||
|
| |||||||
Total Other Investment Company |
| 22,322,255 | ||||||
|
|
Transamerica Funds | Page 9 |
Transamerica Core Bond
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2024
(unaudited)
Principal | Value | |||||||
REPURCHASE AGREEMENT - 2.2% | ||||||||
Fixed Income Clearing Corp., 2.50% (G), dated 01/31/2024, to be repurchased at $51,297,988 on 02/01/2024. Collateralized by a U.S. Government Obligation, 4.50%, due 07/15/2026, and with a value of $52,320,369. | $ 51,294,426 | $ 51,294,426 | ||||||
|
| |||||||
Total Repurchase Agreement |
| 51,294,426 | ||||||
|
| |||||||
Total Investments |
| 2,843,530,626 | ||||||
Net Other Assets (Liabilities) - (23.0)% | (531,598,393 | ) | ||||||
|
| |||||||
Net Assets - 100.0% | $ 2,311,932,233 | |||||||
|
|
Transamerica Funds | Page 10 |
Transamerica Core Bond
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2024
(unaudited)
INVESTMENT VALUATION:
Valuation Inputs (H)
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Significant Observable Inputs | Level 3 - Significant Unobservable Inputs | Value | |||||||||||||
ASSETS | ||||||||||||||||
Investments | ||||||||||||||||
Asset-Backed Securities | $ | — | $ | 120,324,211 | $ | — | $ | 120,324,211 | ||||||||
Corporate Debt Securities | — | 791,441,606 | — | 791,441,606 | ||||||||||||
Foreign Government Obligations | — | 9,724,576 | — | 9,724,576 | ||||||||||||
Mortgage-Backed Securities | — | 136,643,248 | — | 136,643,248 | ||||||||||||
Municipal Government Obligation | — | 302,326 | — | 302,326 | ||||||||||||
U.S. Government Agency Obligations | — | 580,154,907 | — | 580,154,907 | ||||||||||||
U.S. Government Obligations | — | 615,467,573 | — | 615,467,573 | ||||||||||||
Preferred Stock | 4,624,653 | — | — | 4,624,653 | ||||||||||||
Commercial Paper | — | 436,438,748 | — | 436,438,748 | ||||||||||||
Short-Term U.S. Government Agency Obligation | — | 4,169,001 | — | 4,169,001 | ||||||||||||
Short-Term U.S. Government Obligations | — | 70,623,096 | — | 70,623,096 | ||||||||||||
Other Investment Company | 22,322,255 | — | — | 22,322,255 | ||||||||||||
Repurchase Agreement | — | 51,294,426 | — | 51,294,426 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | $ | 26,946,908 | $ | 2,816,583,718 | $ | — | $ | 2,843,530,626 | ||||||||
|
|
|
|
|
|
|
|
FOOTNOTES TO SCHEDULE OF INVESTMENTS:
(A) | Securities are exempt from registration pursuant to Rule 144A of the Securities Act of 1933. Securities may be resold as transactions exempt from registration, normally to qualified institutional buyers. At January 31, 2024, the total value of 144A securities is $800,492,527, representing 34.6% of the Fund’s net assets. | |
(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) | All or a portion of the securities are on loan. The total value of all securities on loan is $23,471,839, collateralized by cash collateral of $22,322,255 and non-cash collateral, such as U.S. government securities and irrevocable letters of credit, of $1,640,800. The amount of securities on loan indicated may not correspond with the securities on loan identified because securities with pending sales are in the process of recall from the brokers. | |
(D) | Perpetual maturity. The date displayed is the next call date. | |
(E) | Percentage rounds to less than 0.1% or (0.1)%. | |
(F) | 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. | |
(G) | Rates disclosed reflect the yields at January 31, 2024. | |
(H) | 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. |
PORTFOLIO ABBREVIATIONS:
REIT RFUCC | Real Estate Investment Trust Refinitiv USD IBOR Consumer Cash Fallbacks | |
SOFR | Secured Overnight Financing Rate | |
STRIPS TBA | Separate Trading of Registered Interest and Principal of Securities To Be Announced |
Transamerica Funds | Page 11 |
Transamerica Core Bond
NOTES TO SCHEDULE OF INVESTMENTS
At January 31, 2024
(unaudited)
INVESTMENT VALUATION
Transamerica Core 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.
Corporate debt securities: The fair value of corporate debt securities is estimated using various techniques, which consider recently executed transactions in securities of the issuer or comparable issuers, market price quotations (where observable), bond spreads, fundamental data relating to the issuer, and credit default swap spreads adjusted for any basis difference between cash and derivative instruments. While most corporate debt securities are categorized in Level 2 of the fair value hierarchy, in instances where lower relative weight is placed on transaction prices, quotations, or similar observable inputs, they are categorized in Level 3.
Foreign government obligations: Foreign government obligations are normally valued using a model that incorporates market observable data such as reported sales of similar securities, broker quotes, yields, bids, offers, and reference data. Certain securities are valued by principally using dealer quotations. Foreign government obligations generally are categorized in Level 2 of the fair value hierarchy, or Level 3 if inputs are unobservable.
Mortgage-backed securities: The fair value of mortgage-backed securities is estimated based on models that consider issuer type, coupon, cash flows, mortgage prepayment projection tables and adjustable rate mortgage evaluations that incorporate index data, periodic life caps and the next coupon reset date. To the extent the inputs are observable and timely, the values would generally be categorized in Level 2 of the fair value hierarchy; otherwise they are categorized in Level 3.
Transamerica Funds | Page 12 |
Transamerica Core Bond
NOTES TO SCHEDULE OF INVESTMENTS (continued)
At January 31, 2024
(unaudited)
Municipal government obligations: The fair value of municipal government obligations and variable rate notes is estimated based on models that consider, among other factors, information received from market makers and broker-dealers, current trades, bid-want lists, offerings, market movements, the liquidity of the bond, state of issuance, benchmark yield curves, and bond or note insurance. To the extent the inputs are observable and timely, the values would generally be categorized in Level 2 of the fair value hierarchy; otherwise they are categorized in Level 3.
U.S. government agency obligations: U.S. government agency obligations are comprised of two main categories consisting of agency issued debt and mortgage pass-throughs. Generally, agency issued debt securities are valued in a manner similar to U.S. government obligations. Mortgage pass-throughs include to be announced (“TBA”) securities and mortgage pass-through certificates. Generally, TBA securities and mortgage pass-throughs are valued using dealer quotations. Depending on market activity levels and whether quotations or other observable data are used, these securities are typically categorized in Level 2 of the fair value hierarchy; otherwise they would be categorized in Level 3.
U.S. government obligations: U.S. government obligations are normally valued using a model that incorporates market observable data such as reported sales of similar securities, broker quotes, yields, bids, offers, and reference data. Certain securities are valued by principally using dealer quotations. U.S. government obligations generally are categorized in Level 2 of the fair value hierarchy, or Level 3 if inputs are unobservable.
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.
Commercial paper: Commercial paper is valued using amortized cost, which approximates fair value. The values are generally categorized in Level 2 of the fair value hierarchy, or Level 3 if inputs are unobservable.
Short-term notes: The Fund normally values short-term government and U.S. government agency securities using a model that incorporates market observable data such as reported sales of similar securities, broker quotes, yields, bids, offers and reference data. Certain securities are valued by principally using dealer quotations. Short-term government and U.S. government agency securities generally are categorized in Level 2 of the fair value hierarchy, or Level 3 if inputs are unobservable.
Securities lending collateral: Securities lending collateral is invested in a money market fund which is valued at the actively traded NAV and no valuation adjustments are applied. Securities lending collateral is categorized in Level 1 of the fair value hierarchy.
Repurchase agreements: Repurchase agreements are valued at cost, which approximates fair value. To the extent the inputs are observable and timely, the values are generally categorized in Level 2 of the fair value hierarchy.
Transamerica Funds | Page 13 |