Transamerica Balanced II
SCHEDULE OF INVESTMENTS
At January 31, 2024
(unaudited)
Shares | Value | |||||||
COMMON STOCKS - 60.2% | ||||||||
Aerospace & Defense - 0.9% | ||||||||
Howmet Aerospace, Inc. | 3,852 | $ 216,713 | ||||||
RTX Corp. | 5,023 | 457,696 | ||||||
Textron, Inc. | 3,111 | 263,533 | ||||||
|
| |||||||
937,942 | ||||||||
|
| |||||||
Air Freight & Logistics - 0.6% | ||||||||
FedEx Corp. | 737 | 177,831 | ||||||
United Parcel Service, Inc., Class B | 3,188 | 452,377 | ||||||
|
| |||||||
630,208 | ||||||||
|
| |||||||
Automobile Components - 0.1% | ||||||||
Aptiv PLC (A) | 1,406 | 114,350 | ||||||
BorgWarner, Inc. | 359 | 12,170 | ||||||
|
| |||||||
126,520 | ||||||||
|
| |||||||
Automobiles - 0.7% | ||||||||
Tesla, Inc. (A) | 3,971 | 743,729 | ||||||
|
| |||||||
Banks - 2.1% | ||||||||
Bank of America Corp. | 22,732 | 773,115 | ||||||
Fifth Third Bancorp | 6,980 | 238,995 | ||||||
Truist Financial Corp. | 9,609 | 356,110 | ||||||
US Bancorp | 8,222 | 341,542 | ||||||
Wells Fargo & Co. | 10,575 | 530,653 | ||||||
|
| |||||||
2,240,415 | ||||||||
|
| |||||||
Beverages - 1.1% | ||||||||
Coca-Cola Co. | 9,974 | 593,353 | ||||||
Monster Beverage Corp. (A) | 1,388 | 76,368 | ||||||
PepsiCo, Inc. | 3,299 | 555,980 | ||||||
|
| |||||||
1,225,701 | ||||||||
|
| |||||||
Biotechnology - 1.9% | ||||||||
AbbVie, Inc. | 4,993 | 820,849 | ||||||
Biogen, Inc. (A) | 772 | 190,422 | ||||||
BioMarin Pharmaceutical, Inc. (A) | 612 | 53,905 | ||||||
Neurocrine Biosciences, Inc. (A) | 338 | 47,242 | ||||||
Regeneron Pharmaceuticals, Inc. (A) | 442 | 416,709 | ||||||
Sarepta Therapeutics, Inc. (A) | 236 | 28,082 | ||||||
Vertex Pharmaceuticals, Inc. (A) | 977 | 423,412 | ||||||
|
| |||||||
1,980,621 | ||||||||
|
| |||||||
Broadline Retail - 2.4% | ||||||||
Amazon.com, Inc. (A) | 16,865 | 2,617,448 | ||||||
|
| |||||||
Building Products - 0.6% | ||||||||
Masco Corp. | 2,445 | 164,524 | ||||||
Trane Technologies PLC | 1,890 | 476,375 | ||||||
|
| |||||||
640,899 | ||||||||
|
| |||||||
Capital Markets - 1.5% | ||||||||
Blackstone, Inc. | 465 | 57,869 | ||||||
Charles Schwab Corp. | 4,258 | 267,913 | ||||||
CME Group, Inc. | 1,140 | 234,658 | ||||||
Goldman Sachs Group, Inc. | 455 | 174,724 | ||||||
Intercontinental Exchange, Inc. | 2,672 | 340,226 | ||||||
Morgan Stanley | 2,411 | 210,336 | ||||||
S&P Global, Inc. | 565 | 253,318 | ||||||
State Street Corp. | 784 | 57,914 | ||||||
|
| |||||||
1,596,958 | ||||||||
|
|
Shares | Value | |||||||
COMMON STOCKS (continued) | ||||||||
Chemicals - 1.2% | ||||||||
Air Products & Chemicals, Inc. | 399 | $ 102,028 | ||||||
Dow, Inc. | 5,640 | 302,304 | ||||||
Eastman Chemical Co. | 1,820 | 152,061 | ||||||
Linde PLC | 1,102 | 446,123 | ||||||
LyondellBasell Industries NV, Class A | 1,767 | 166,310 | ||||||
PPG Industries, Inc. | 645 | 90,971 | ||||||
|
| |||||||
1,259,797 | ||||||||
|
| |||||||
Commercial Services & Supplies - 0.1% | ||||||||
Cintas Corp. | 111 | 67,107 | ||||||
|
| |||||||
Communications Equipment - 0.1% | ||||||||
Motorola Solutions, Inc. | 362 | 115,659 | ||||||
|
| |||||||
Consumer Finance - 0.1% | ||||||||
Capital One Financial Corp. | 742 | 100,407 | ||||||
|
| |||||||
Consumer Staples Distribution & Retail - 1.3% | ||||||||
Costco Wholesale Corp. | 934 | 649,018 | ||||||
Dollar Tree, Inc. (A) | 579 | 75,629 | ||||||
Target Corp. | 2,069 | 287,757 | ||||||
Walmart, Inc. | 2,106 | 348,016 | ||||||
|
| |||||||
1,360,420 | ||||||||
|
| |||||||
Containers & Packaging - 0.0% (B) | ||||||||
International Paper Co. | 519 | 18,596 | ||||||
|
| |||||||
Distributors - 0.0% (B) | ||||||||
LKQ Corp. | 1,104 | 51,524 | ||||||
|
| |||||||
Electric Utilities - 1.1% | ||||||||
Constellation Energy Corp. | 705 | 86,010 | ||||||
NextEra Energy, Inc. | 6,265 | 367,317 | ||||||
PG&E Corp. | 20,146 | 339,863 | ||||||
Southern Co. | 6,030 | 419,206 | ||||||
|
| |||||||
1,212,396 | ||||||||
|
| |||||||
Electrical Equipment - 0.4% | ||||||||
Eaton Corp. PLC | 1,683 | 414,153 | ||||||
|
| |||||||
Electronic Equipment, Instruments & Components - 0.2% | ||||||||
Corning, Inc. | 1,993 | 64,753 | ||||||
Keysight Technologies, Inc. (A) | 1,044 | 160,003 | ||||||
|
| |||||||
224,756 | ||||||||
|
| |||||||
Energy Equipment & Services - 0.1% | ||||||||
Baker Hughes Co. | 2,285 | 65,123 | ||||||
|
| |||||||
Entertainment - 0.4% | ||||||||
Netflix, Inc. (A) | 627 | 353,697 | ||||||
Warner Bros Discovery, Inc. (A) | 4,397 | 44,058 | ||||||
|
| |||||||
397,755 | ||||||||
|
| |||||||
Financial Services - 3.0% | ||||||||
Berkshire Hathaway, Inc., Class B (A) | 2,370 | 909,464 | ||||||
Block, Inc. (A) | 419 | 27,239 | ||||||
Fiserv, Inc. (A) | 699 | 99,167 | ||||||
FleetCor Technologies, Inc. (A) | 871 | 252,529 | ||||||
Mastercard, Inc., Class A | 2,349 | 1,055,241 | ||||||
Visa, Inc., Class A | 3,006 | 821,420 | ||||||
|
| |||||||
3,165,060 | ||||||||
|
| |||||||
Food Products - 0.5% | ||||||||
Mondelez International, Inc., Class A | 6,953 | 523,352 | ||||||
|
|
Transamerica Funds | Page 1 |
Transamerica Balanced II
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2024
(unaudited)
Shares | Value | |||||||
COMMON STOCKS (continued) | ||||||||
Ground Transportation - 0.7% | ||||||||
CSX Corp. | 3,752 | $ 133,946 | ||||||
Norfolk Southern Corp. | 702 | 165,139 | ||||||
Uber Technologies, Inc. (A) | 4,056 | 264,735 | ||||||
Union Pacific Corp. | 755 | 184,167 | ||||||
|
| |||||||
747,987 | ||||||||
|
| |||||||
Health Care Equipment & Supplies - 1.5% | ||||||||
Baxter International, Inc. | 2,470 | 95,564 | ||||||
Becton Dickinson & Co. | 446 | 106,509 | ||||||
Boston Scientific Corp. (A) | 7,657 | 484,382 | ||||||
Dexcom, Inc. (A) | 610 | 74,024 | ||||||
Intuitive Surgical, Inc. (A) | 385 | 145,615 | ||||||
Medtronic PLC | 4,176 | 365,567 | ||||||
Stryker Corp. | 994 | 333,467 | ||||||
|
| |||||||
1,605,128 | ||||||||
|
| |||||||
Health Care Providers & Services - 1.7% | ||||||||
Centene Corp. (A) | 2,568 | 193,396 | ||||||
CVS Health Corp. | 1,177 | 87,534 | ||||||
Elevance Health, Inc. | 592 | 292,116 | ||||||
Humana, Inc. | 322 | 121,735 | ||||||
McKesson Corp. | 208 | 103,977 | ||||||
UnitedHealth Group, Inc. | 1,905 | 974,865 | ||||||
|
| |||||||
1,773,623 | ||||||||
|
| |||||||
Health Care REITs - 0.3% | ||||||||
Ventas, Inc. | 4,409 | 204,533 | ||||||
Welltower, Inc. | 1,278 | 110,560 | ||||||
|
| |||||||
315,093 | ||||||||
|
| |||||||
Hotels, Restaurants & Leisure - 1.6% | ||||||||
Booking Holdings, Inc. (A) | 128 | 448,956 | ||||||
Chipotle Mexican Grill, Inc. (A) | 163 | 392,629 | ||||||
Expedia Group, Inc. (A) | 1,747 | 259,133 | ||||||
Marriott International, Inc., Class A | 770 | 184,592 | ||||||
Royal Caribbean Cruises Ltd. (A) | 1,505 | 191,887 | ||||||
Yum! Brands, Inc. | 2,095 | 271,282 | ||||||
|
| |||||||
1,748,479 | ||||||||
|
| |||||||
Household Durables - 0.2% | ||||||||
Lennar Corp., Class A | 596 | 89,311 | ||||||
Toll Brothers, Inc. | 747 | 74,214 | ||||||
|
| |||||||
163,525 | ||||||||
|
| |||||||
Household Products - 0.5% | ||||||||
Church & Dwight Co., Inc. | 1,633 | 163,055 | ||||||
Procter & Gamble Co. | 2,616 | 411,078 | ||||||
|
| |||||||
574,133 | ||||||||
|
| |||||||
Industrial Conglomerates - 0.6% | ||||||||
Honeywell International, Inc. | 3,251 | 657,547 | ||||||
|
| |||||||
Industrial REITs - 0.4% | ||||||||
Prologis, Inc. | 3,644 | 461,658 | ||||||
|
| |||||||
Insurance - 1.4% | ||||||||
Aflac, Inc. | 1,863 | 157,125 | ||||||
Chubb Ltd. | 907 | 222,215 | ||||||
Globe Life, Inc. | 1,120 | 137,558 | ||||||
MetLife, Inc. | 2,189 | 151,742 | ||||||
Progressive Corp. | 2,398 | 427,444 | ||||||
Travelers Cos., Inc. | 1,869 | 395,032 | ||||||
|
| |||||||
1,491,116 | ||||||||
|
|
Shares | Value | |||||||
COMMON STOCKS (continued) | ||||||||
Interactive Media & Services - 3.6% | ||||||||
Alphabet, Inc., Class A (A) | 9,384 | $ 1,314,698 | ||||||
Alphabet, Inc., Class C (A) | 6,523 | 924,961 | ||||||
Meta Platforms, Inc., Class A (A) | 4,153 | 1,620,252 | ||||||
|
| |||||||
3,859,911 | ||||||||
|
| |||||||
IT Services - 0.8% | ||||||||
Accenture PLC, Class A | 1,512 | 550,186 | ||||||
Cognizant Technology Solutions Corp., Class A | 3,823 | 294,830 | ||||||
|
| |||||||
845,016 | ||||||||
|
| |||||||
Life Sciences Tools & Services - 0.8% | ||||||||
Danaher Corp. | 1,754 | 420,802 | ||||||
Thermo Fisher Scientific, Inc. | 802 | 432,262 | ||||||
|
| |||||||
853,064 | ||||||||
|
| |||||||
Machinery - 1.0% | ||||||||
Deere & Co. | 1,387 | 545,895 | ||||||
Dover Corp. | 950 | 142,291 | ||||||
Ingersoll Rand, Inc. | 672 | 53,666 | ||||||
Otis Worldwide Corp. | 3,797 | 335,807 | ||||||
|
| |||||||
1,077,659 | ||||||||
|
| |||||||
Media - 0.8% | ||||||||
Charter Communications, Inc., Class A (A) | 648 | 240,220 | ||||||
Comcast Corp., Class A | 12,349 | 574,723 | ||||||
Liberty Media Corp. - Liberty SiriusXM, Class A (A) | 1,555 | 47,256 | ||||||
|
| |||||||
862,199 | ||||||||
|
| |||||||
Metals & Mining - 0.1% | ||||||||
Nucor Corp. | 577 | 107,859 | ||||||
|
| |||||||
Multi-Utilities - 0.2% | ||||||||
DTE Energy Co. | 286 | 30,150 | ||||||
Public Service Enterprise Group, Inc. | 3,931 | 227,959 | ||||||
|
| |||||||
258,109 | ||||||||
|
| |||||||
Oil, Gas & Consumable Fuels - 2.3% | ||||||||
Chevron Corp. | 1,767 | 260,509 | ||||||
ConocoPhillips | 3,718 | 415,933 | ||||||
Diamondback Energy, Inc. | 1,687 | 259,359 | ||||||
EOG Resources, Inc. | 3,559 | 404,978 | ||||||
Exxon Mobil Corp. | 9,782 | 1,005,687 | ||||||
Marathon Oil Corp. | 1,809 | 41,336 | ||||||
Pioneer Natural Resources Co. | 118 | 27,120 | ||||||
|
| |||||||
2,414,922 | ||||||||
|
| |||||||
Passenger Airlines - 0.1% | ||||||||
Delta Air Lines, Inc. | 2,290 | 89,631 | ||||||
|
| |||||||
Personal Care Products - 0.2% | ||||||||
Kenvue, Inc. | 7,925 | 164,523 | ||||||
|
| |||||||
Pharmaceuticals - 1.9% | ||||||||
Bristol-Myers Squibb Co. | 8,840 | 432,011 | ||||||
Eli Lilly & Co. | 1,135 | 732,767 | ||||||
Johnson & Johnson | 2,923 | 464,465 | ||||||
Merck & Co., Inc. | 3,472 | 419,348 | ||||||
|
| |||||||
2,048,591 | ||||||||
|
| |||||||
Professional Services - 0.1% | ||||||||
Leidos Holdings, Inc. | 1,358 | 150,018 | ||||||
|
|
Transamerica Funds | Page 2 |
Transamerica Balanced II
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2024
(unaudited)
Shares | Value | |||||||
COMMON STOCKS (continued) | ||||||||
Residential REITs - 0.2% | ||||||||
Equity LifeStyle Properties, Inc. | 1,581 | $ 107,018 | ||||||
Sun Communities, Inc. | 562 | 70,446 | ||||||
UDR, Inc. | 585 | 21,072 | ||||||
|
| |||||||
198,536 | ||||||||
|
| |||||||
Semiconductors & Semiconductor Equipment - 5.8% | ||||||||
Advanced Micro Devices, Inc. (A) | 3,777 | 633,365 | ||||||
Analog Devices, Inc. | 2,492 | 479,361 | ||||||
Broadcom, Inc. | 308 | 363,440 | ||||||
Lam Research Corp. | 682 | 562,766 | ||||||
Micron Technology, Inc. | 1,744 | 149,548 | ||||||
NVIDIA Corp. | 4,350 | 2,676,424 | ||||||
NXP Semiconductors NV | 2,517 | 530,005 | ||||||
Qorvo, Inc. (A) | 890 | 88,769 | ||||||
Teradyne, Inc. | 1,378 | 133,101 | ||||||
Texas Instruments, Inc. | 3,604 | 577,072 | ||||||
|
| |||||||
6,193,851 | ||||||||
|
| |||||||
Software - 6.6% | ||||||||
Adobe, Inc. (A) | 1,172 | 724,038 | ||||||
Cadence Design Systems, Inc. (A) | 437 | 126,057 | ||||||
Intuit, Inc. | 778 | 491,175 | ||||||
Microsoft Corp. | 12,808 | 5,092,205 | ||||||
Oracle Corp. | 1,905 | 212,788 | ||||||
ServiceNow, Inc. (A) | 609 | 466,129 | ||||||
|
| |||||||
7,112,392 | ||||||||
|
| |||||||
Specialized REITs - 0.4% | ||||||||
Digital Realty Trust, Inc. | 1,700 | 238,782 | ||||||
SBA Communications Corp. | 879 | 196,773 | ||||||
|
| |||||||
435,555 | ||||||||
|
| |||||||
Specialty Retail - 1.5% | ||||||||
AutoNation, Inc. (A) | 675 | 94,271 | ||||||
AutoZone, Inc. (A) | 150 | 414,320 | ||||||
Best Buy Co., Inc. | 2,565 | 185,937 | ||||||
Burlington Stores, Inc. (A) | 683 | 130,555 | ||||||
Lowe’s Cos., Inc. | 2,774 | 590,418 | ||||||
O’Reilly Automotive, Inc. (A) | 35 | 35,807 | ||||||
TJX Cos., Inc. | 2,129 | 202,063 | ||||||
|
| |||||||
1,653,371 | ||||||||
|
| |||||||
Technology Hardware, Storage & Peripherals - 4.1% | ||||||||
Apple, Inc. | 22,233 | 4,099,765 | ||||||
Seagate Technology Holdings PLC | 3,166 | 271,263 | ||||||
Western Digital Corp. (A) | 514 | 29,427 | ||||||
|
| |||||||
4,400,455 | ||||||||
|
| |||||||
Tobacco - 0.2% | ||||||||
Altria Group, Inc. | 1,673 | 67,121 | ||||||
Philip Morris International, Inc. | 1,737 | 157,806 | ||||||
|
| |||||||
224,927 | ||||||||
|
| |||||||
Trading Companies & Distributors - 0.1% | ||||||||
United Rentals, Inc. | 202 | 126,331 | ||||||
|
| |||||||
Wireless Telecommunication Services - 0.1% | ||||||||
T-Mobile US, Inc. | 651 | 104,961 | ||||||
|
| |||||||
Total Common Stocks |
| 64,436,716 | ||||||
|
|
Shares | Value | |||||||
PREFERRED STOCK - 0.1% | ||||||||
Banks - 0.1% | ||||||||
Citigroup Capital XIII, | ||||||||
3-Month Term SOFR + 6.63%, | 2,950 | $ 85,639 | ||||||
|
| |||||||
Total Preferred Stock |
| 85,639 | ||||||
|
| |||||||
Principal | Value | |||||||
ASSET-BACKED SECURITIES - 2.2% | ||||||||
Accelerated LLC | ||||||||
Series 2021-1H, Class A, | ||||||||
1.35%, 10/20/2040 (D) | $ 33,050 | 30,326 | ||||||
Avis Budget Rental Car Funding AESOP LLC | ||||||||
Series 2023-7A, Class A, | ||||||||
5.90%, 08/21/2028 (D) | 100,000 | 102,483 | ||||||
Series 2024-1A, Class A, | ||||||||
5.36%, 06/20/2030 (D) | 100,000 | 101,188 | ||||||
BRE Grand Islander Timeshare Issuer LLC | ||||||||
Series 2017-1A, Class A, | ||||||||
2.94%, 05/25/2029 (D) | 10,031 | 9,795 | ||||||
BXG Receivables Note Trust | ||||||||
Series 2023-A, Class A, | ||||||||
5.77%, 11/15/2038 (D) | 87,297 | 87,812 | ||||||
Chase Issuance Trust | ||||||||
Series 2023-A1, Class A, | ||||||||
5.16%, 09/15/2028 | 100,000 | 101,577 | ||||||
CIFC Funding Ltd. | ||||||||
Series 2013-2A, Class A1L2, | ||||||||
3-Month Term SOFR + 1.26%, | 311,854 | 312,297 | ||||||
First National Master Note Trust | ||||||||
Series 2023-2, Class A, | ||||||||
5.77%, 09/15/2029 | 95,000 | 97,181 | ||||||
GM Financial Consumer Automobile Receivables Trust | ||||||||
Series 2023-1, Class A2A, | ||||||||
5.19%, 03/16/2026 | 73,155 | 73,029 | ||||||
GoodLeap Sustainable Home Solutions Trust | ||||||||
Series 2021-4GS, Class A, | ||||||||
1.93%, 07/20/2048 (D) | 75,134 | 57,657 | ||||||
Series 2022-1GS, Class A, | ||||||||
2.70%, 01/20/2049 (D) | 202,948 | 164,983 | ||||||
Hertz Vehicle Financing III LLC | ||||||||
Series 2023-3A, Class A, | ||||||||
5.94%, 02/25/2028 (D) | 100,000 | 101,930 | ||||||
JGWPT XXVI LLC | ||||||||
Series 2012-2A, Class A, | ||||||||
3.84%, 10/15/2059 (D) | 99,063 | 91,643 | ||||||
JGWPT XXVIII LLC | ||||||||
Series 2013-1A, Class A, | ||||||||
3.22%, 04/15/2067 (D) | 103,717 | 94,015 | ||||||
Laurel Road Prime Student Loan Trust | ||||||||
Series 2018-B, Class A2FX, | ||||||||
3.54%, 05/26/2043 (D) | 1,458 | 1,451 | ||||||
MVW Owner Trust | ||||||||
Series 2023-1A, Class A, | ||||||||
4.93%, 10/20/2040 (D) | 81,721 | 81,215 |
Transamerica Funds | Page 3 |
Transamerica Balanced II
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2024
(unaudited)
Principal | Value | |||||||
ASSET-BACKED SECURITIES (continued) | ||||||||
Octagon Investment Partners 33 Ltd. | ||||||||
Series 2017-1A, Class A1, | ||||||||
3-Month Term SOFR + 1.45%, | $ 167,982 | $ 168,220 | ||||||
Orange Lake Timeshare Trust | ||||||||
Series 2016-A, Class A, | ||||||||
2.61%, 03/08/2029 (D) | 13,446 | 13,122 | ||||||
Series 2019-A, Class A, | ||||||||
3.06%, 04/09/2038 (D) | 35,316 | 34,326 | ||||||
Palmer Square CLO Ltd. | ||||||||
Series 2015-2A, Class A1R2, | ||||||||
3-Month Term SOFR + 1.36%, | 146,474 | 146,533 | ||||||
Sierra Timeshare Receivables Funding LLC | ||||||||
Series 2021-1A, Class A, | ||||||||
0.99%, 11/20/2037 (D) | 44,486 | 42,042 | ||||||
Series 2023-1A, Class A, | ||||||||
5.20%, 01/20/2040 (D) | 63,432 | 63,623 | ||||||
Series 2023-2A, Class A, | ||||||||
5.80%, 04/20/2040 (D) | 75,562 | 76,756 | ||||||
Series 2023-3A, Class A, | ||||||||
6.10%, 09/20/2040 (D) | 91,471 | 93,642 | ||||||
Trafigura Securitisation Finance PLC | ||||||||
Series 2021-1A, Class A2, | ||||||||
1.08%, 01/15/2025 (D) | 130,000 | 125,649 | ||||||
Veridian Auto Receivables Trust | ||||||||
Series 2023-1A, Class A2, | ||||||||
5.97%, 08/17/2026 (D) | 78,006 | 78,001 | ||||||
|
| |||||||
Total Asset-Backed Securities | 2,350,496 | |||||||
|
| |||||||
CORPORATE DEBT SECURITIES - 14.1% | ||||||||
Aerospace & Defense - 0.3% | ||||||||
Boeing Co. | ||||||||
3.50%, 03/01/2039 | 91,000 | 71,672 | ||||||
5.15%, 05/01/2030 | 85,000 | 85,091 | ||||||
HEICO Corp. | ||||||||
5.35%, 08/01/2033 | 108,000 | 109,628 | ||||||
|
| |||||||
266,391 | ||||||||
|
| |||||||
Automobile Components - 0.0% (B) | ||||||||
Aptiv PLC/Aptiv Corp. | ||||||||
3.25%, 03/01/2032 | 54,000 | 47,557 | ||||||
|
| |||||||
Automobiles - 0.5% | ||||||||
BMW US Capital LLC | ||||||||
2.80%, 04/11/2026 (D) | 65,000 | 62,530 | ||||||
Ford Motor Co. | ||||||||
4.35%, 12/08/2026 | 63,000 | 61,553 | ||||||
General Motors Co. | ||||||||
6.25%, 10/02/2043 | 15,000 | 15,360 | ||||||
General Motors Financial Co., Inc. | ||||||||
5.00%, 04/09/2027 | 70,000 | 69,903 | ||||||
Nissan Motor Acceptance Co. LLC | ||||||||
7.05%, 09/15/2028 (D) | 91,000 | 95,651 | ||||||
Volkswagen Group of America Finance LLC | ||||||||
1.63%, 11/24/2027 (D) | 200,000 | 177,521 | ||||||
|
| |||||||
482,518 | ||||||||
|
|
Principal | Value | |||||||
CORPORATE DEBT SECURITIES (continued) | ||||||||
Banks - 2.5% | ||||||||
Bank of America Corp. | ||||||||
Fixed until 04/25/2033, | $ 300,000 | $ 301,519 | ||||||
Fixed until 01/23/2034, | 52,000 | 52,935 | ||||||
Barclays PLC | ||||||||
Fixed until 11/02/2025, | 203,000 | 209,588 | ||||||
Citigroup, Inc. | ||||||||
Fixed until 05/25/2033, | 82,000 | 85,103 | ||||||
Fifth Third Bancorp | ||||||||
Fixed until 07/27/2028, | 23,000 | 23,931 | ||||||
Goldman Sachs Group, Inc. | ||||||||
Fixed until 10/21/2031, | 128,000 | 107,034 | ||||||
ING Groep NV | ||||||||
Fixed until 09/11/2033, | 200,000 | 209,574 | ||||||
Intesa Sanpaolo SpA | ||||||||
5.02%, 06/26/2024 (D) | 65,000 | 64,600 | ||||||
Fixed until 11/21/2032, | 200,000 | 219,109 | ||||||
JPMorgan Chase & Co. | ||||||||
Fixed until 04/22/2026, | 106,000 | 98,384 | ||||||
Fixed until 01/23/2034, | 52,000 | 52,824 | ||||||
Fixed until 06/01/2033, | 231,000 | 234,785 | ||||||
Morgan Stanley | ||||||||
Fixed until 07/21/2033, | 76,000 | 76,967 | ||||||
Fixed until 01/18/2034, | 39,000 | 39,769 | ||||||
Fixed until 10/18/2032, | 77,000 | 82,990 | ||||||
PNC Financial Services Group, Inc. | ||||||||
Fixed until 01/22/2034, | 15,000 | 15,375 | ||||||
Fixed until 08/18/2033, | 80,000 | 83,566 | ||||||
Truist Financial Corp. | ||||||||
Fixed until 01/26/2033, | 82,000 | 79,789 | ||||||
Fixed until 10/28/2032, | 47,000 | 48,862 | ||||||
Fixed until 10/30/2028, | 40,000 | 43,181 | ||||||
UBS Group AG | ||||||||
Fixed until 08/12/2032, | 262,000 | 278,700 | ||||||
US Bancorp | ||||||||
Fixed until 06/10/2033, | 56,000 | 57,725 | ||||||
Wells Fargo & Co. | ||||||||
Fixed until 07/25/2033, | 114,000 | 116,228 | ||||||
Fixed until 06/15/2024 (E), | 40,000 | 39,845 | ||||||
|
| |||||||
2,622,383 | ||||||||
|
| |||||||
Beverages - 0.1% | ||||||||
Anheuser-Busch InBev Worldwide, Inc. | ||||||||
4.44%, 10/06/2048 | 68,000 | 61,592 |
Transamerica Funds | Page 4 |
Transamerica Balanced II
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2024
(unaudited)
Principal | Value | |||||||
CORPORATE DEBT SECURITIES (continued) | ||||||||
Beverages (continued) | ||||||||
Constellation Brands, Inc. | ||||||||
3.15%, 08/01/2029 | $ 63,000 | $ 58,119 | ||||||
3.70%, 12/06/2026 | 16,000 | 15,572 | ||||||
|
| |||||||
135,283 | ||||||||
|
| |||||||
Biotechnology - 0.2% | ||||||||
Amgen, Inc. | ||||||||
2.80%, 08/15/2041 | 50,000 | 36,131 | ||||||
5.60%, 03/02/2043 | 48,000 | 49,306 | ||||||
CSL Finance PLC | ||||||||
4.63%, 04/27/2042 (D) | 48,000 | 45,031 | ||||||
Gilead Sciences, Inc. | ||||||||
4.15%, 03/01/2047 | 24,000 | 20,744 | ||||||
Royalty Pharma PLC | ||||||||
2.20%, 09/02/2030 | 77,000 | 64,547 | ||||||
|
| |||||||
215,759 | ||||||||
|
| |||||||
Building Products - 0.1% | ||||||||
Carrier Global Corp. | ||||||||
5.90%, 03/15/2034 (D) | 42,000 | 44,830 | ||||||
Lowe’s Cos., Inc. | ||||||||
3.75%, 04/01/2032 (F) | 108,000 | 100,460 | ||||||
|
| |||||||
145,290 | ||||||||
|
| |||||||
Capital Markets - 0.1% | ||||||||
Charles Schwab Corp. | ||||||||
Fixed until 05/19/2033, | 141,000 | 145,944 | ||||||
|
| |||||||
Chemicals - 0.2% | ||||||||
Celanese US Holdings LLC | ||||||||
6.70%, 11/15/2033 | 61,000 | 65,543 | ||||||
FMC Corp. | ||||||||
5.65%, 05/18/2033 (F) | 46,000 | 45,710 | ||||||
Nutrien Ltd. | ||||||||
4.90%, 03/27/2028 | 50,000 | 50,222 | ||||||
|
| |||||||
161,475 | ||||||||
|
| |||||||
Commercial Services & Supplies - 0.8% | ||||||||
ADT Security Corp. | ||||||||
4.13%, 08/01/2029 (D) (F) | 79,000 | 72,902 | ||||||
Ashtead Capital, Inc. | ||||||||
5.80%, 04/15/2034 (D) | 200,000 | 201,193 | ||||||
Carlisle Cos., Inc. | ||||||||
3.75%, 12/01/2027 | 44,000 | 42,237 | ||||||
Element Fleet Management Corp. | ||||||||
6.32%, 12/04/2028 (D) | 123,000 | 127,760 | ||||||
General Electric Co. | ||||||||
4.13%, 10/09/2042 (F) | 48,000 | 40,929 | ||||||
4.50%, 03/11/2044 | 79,000 | 73,129 | ||||||
GXO Logistics, Inc. | ||||||||
2.65%, 07/15/2031 | 153,000 | 126,270 | ||||||
Quanta Services, Inc. | ||||||||
2.90%, 10/01/2030 | 56,000 | 49,090 | ||||||
Triton Container International Ltd./TAL International Container Corp. | ||||||||
3.25%, 03/15/2032 | 160,000 | 129,876 | ||||||
|
| |||||||
863,386 | ||||||||
|
| |||||||
Consumer Finance - 0.1% | ||||||||
Capital One Financial Corp. | ||||||||
Fixed until 02/01/2029, | 83,000 | 83,729 | ||||||
|
|
Principal | Value | |||||||
CORPORATE DEBT SECURITIES (continued) | ||||||||
Consumer Staples Distribution & Retail - 0.2% | ||||||||
7-Eleven, Inc. | ||||||||
1.80%, 02/10/2031 (D) | $ 73,000 | $ 59,094 | ||||||
Sysco Corp. | ||||||||
3.30%, 07/15/2026 | 104,000 | 100,950 | ||||||
|
| |||||||
160,044 | ||||||||
|
| |||||||
Containers & Packaging - 0.1% | ||||||||
Sonoco Products Co. | ||||||||
2.25%, 02/01/2027 | 64,000 | 59,363 | ||||||
|
| |||||||
Distributors - 0.0% (B) | ||||||||
LKQ Corp. | ||||||||
6.25%, 06/15/2033 | 47,000 | 49,000 | ||||||
|
| |||||||
Diversified REITs - 0.7% | ||||||||
Broadstone Net Lease LLC | ||||||||
2.60%, 09/15/2031 | 96,000 | 75,399 | ||||||
SBA Tower Trust | ||||||||
1.63%, 05/15/2051 (D) | 110,000 | 98,506 | ||||||
1.88%, 07/15/2050 (D) | 56,000 | 52,067 | ||||||
2.84%, 01/15/2050 (D) | 300,000 | 290,513 | ||||||
VICI Properties LP | ||||||||
4.95%, 02/15/2030 | 118,000 | 114,491 | ||||||
Weyerhaeuser Co. | ||||||||
4.00%, 04/15/2030 | 104,000 | 99,074 | ||||||
|
| |||||||
730,050 | ||||||||
|
| |||||||
Diversified Telecommunication Services - 0.2% | ||||||||
Sprint Capital Corp. | ||||||||
6.88%, 11/15/2028 | 24,000 | 25,931 | ||||||
Verizon Communications, Inc. | ||||||||
1.68%, 10/30/2030 | 177,000 | 145,210 | ||||||
2.99%, 10/30/2056 | 105,000 | 68,354 | ||||||
|
| |||||||
239,495 | ||||||||
|
| |||||||
Electric Utilities - 0.5% | ||||||||
Appalachian Power Co. | ||||||||
3.40%, 06/01/2025 | 66,000 | 64,664 | ||||||
Cleveland Electric Illuminating Co. | ||||||||
5.95%, 12/15/2036 | 34,000 | 34,818 | ||||||
CMS Energy Corp. | ||||||||
4.88%, 03/01/2044 | 26,000 | 24,446 | ||||||
DTE Electric Co. | ||||||||
4.30%, 07/01/2044 | 101,000 | 88,620 | ||||||
Duke Energy Corp. | ||||||||
3.75%, 04/15/2024 - 09/01/2046 | 108,000 | 84,652 | ||||||
Duke Energy Progress LLC | ||||||||
3.60%, 09/15/2047 | 64,000 | 48,846 | ||||||
Entergy Arkansas LLC | ||||||||
3.70%, 06/01/2024 | 48,000 | 47,653 | ||||||
Oncor Electric Delivery Co. LLC | ||||||||
5.30%, 06/01/2042 | 20,000 | 21,128 | ||||||
Pacific Gas & Electric Co. | ||||||||
2.50%, 02/01/2031 | 69,000 | 57,154 | ||||||
PacifiCorp | ||||||||
3.60%, 04/01/2024 | 61,000 | 60,794 | ||||||
Public Service Electric & Gas Co. | ||||||||
3.00%, 05/15/2025 (F) | 49,000 | 47,919 | ||||||
|
| |||||||
580,694 | ||||||||
|
| |||||||
Electronic Equipment, Instruments & Components - 0.2% | ||||||||
Arrow Electronics, Inc. | ||||||||
2.95%, 02/15/2032 | 85,000 | 71,834 | ||||||
Keysight Technologies, Inc. | ||||||||
4.60%, 04/06/2027 | 63,000 | 62,639 |
Transamerica Funds | Page 5 |
Transamerica Balanced II
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2024
(unaudited)
Principal | Value | |||||||
CORPORATE DEBT SECURITIES (continued) | ||||||||
Electronic Equipment, Instruments & Components (continued) | ||||||||
Sensata Technologies, Inc. | ||||||||
4.38%, 02/15/2030 (D) | $ 50,000 | $ 46,087 | ||||||
Trimble, Inc. | ||||||||
6.10%, 03/15/2033 | 70,000 | 73,572 | ||||||
|
| |||||||
254,132 | ||||||||
|
| |||||||
Energy Equipment & Services - 0.1% | ||||||||
Schlumberger Holdings Corp. | ||||||||
3.90%, 05/17/2028 (D) | 90,000 | 87,270 | ||||||
|
| |||||||
Financial Services - 0.5% | ||||||||
AerCap Ireland Capital DAC/AerCap Global | ||||||||
Aviation Trust | ||||||||
4.45%, 04/03/2026 | 150,000 | 147,317 | ||||||
Aviation Capital Group LLC | ||||||||
1.95%, 01/30/2026 (D) | 49,000 | 45,737 | ||||||
5.50%, 12/15/2024 (D) | 147,000 | 146,551 | ||||||
Avolon Holdings Funding Ltd. | ||||||||
2.88%, 02/15/2025 (D) | 121,000 | 117,247 | ||||||
5.50%, 01/15/2026 (D) | 47,000 | 46,718 | ||||||
|
| |||||||
503,570 | ||||||||
|
| |||||||
Food Products - 0.4% | ||||||||
Bunge Ltd. Finance Corp. | ||||||||
2.75%, 05/14/2031 | 94,000 | 81,417 | ||||||
Cargill, Inc. | ||||||||
5.13%, 10/11/2032 (D) | 49,000 | 49,770 | ||||||
J M Smucker Co. | ||||||||
6.50%, 11/15/2043 | 42,000 | 46,721 | ||||||
Viterra Finance BV | ||||||||
4.90%, 04/21/2027 (D) | 200,000 | 198,148 | ||||||
|
| |||||||
376,056 | ||||||||
|
| |||||||
Health Care Equipment & Supplies - 0.3% | ||||||||
Alcon Finance Corp. | ||||||||
2.75%, 09/23/2026 (D) | 200,000 | 189,210 | ||||||
GE HealthCare Technologies, Inc. | ||||||||
5.86%, 03/15/2030 | 100,000 | 105,132 | ||||||
|
| |||||||
294,342 | ||||||||
|
| |||||||
Health Care Providers & Services - 0.5% | ||||||||
Centene Corp. | ||||||||
3.00%, 10/15/2030 | 80,000 | 69,238 | ||||||
3.38%, 02/15/2030 | 60,000 | 53,670 | ||||||
Cigna Group | ||||||||
2.40%, 03/15/2030 | 61,000 | 53,239 | ||||||
CVS Health Corp. | ||||||||
2.70%, 08/21/2040 | 50,000 | 35,175 | ||||||
5.25%, 01/30/2031 | 31,000 | 31,503 | ||||||
Elevance Health, Inc. | ||||||||
2.25%, 05/15/2030 | 61,000 | 52,617 | ||||||
5.13%, 02/15/2053 | 49,000 | 47,981 | ||||||
HCA, Inc. | ||||||||
4.13%, 06/15/2029 | 28,000 | 26,699 | ||||||
4.63%, 03/15/2052 | 67,000 | 56,766 | ||||||
5.25%, 04/15/2025 | 16,000 | 15,982 | ||||||
Laboratory Corp. of America Holdings | ||||||||
2.95%, 12/01/2029 | 51,000 | 46,239 | ||||||
Molina Healthcare, Inc. | ||||||||
4.38%, 06/15/2028 (D) | 16,000 | 14,994 | ||||||
UnitedHealth Group, Inc. | ||||||||
5.20%, 04/15/2063 | 74,000 | 74,110 | ||||||
|
| |||||||
578,213 | ||||||||
|
|
Principal | Value | |||||||
CORPORATE DEBT SECURITIES (continued) | ||||||||
Health Care REITs - 0.1% | ||||||||
Physicians Realty LP | ||||||||
2.63%, 11/01/2031 | $ 94,000 | $ 77,332 | ||||||
Ventas Realty LP | ||||||||
3.25%, 10/15/2026 | 67,000 | 63,600 | ||||||
|
| |||||||
140,932 | ||||||||
|
| |||||||
Hotels, Restaurants & Leisure - 0.1% | ||||||||
Hyatt Hotels Corp. | ||||||||
1.80%, 10/01/2024 | 41,000 | 39,967 | ||||||
Warnermedia Holdings, Inc. | ||||||||
5.05%, 03/15/2042 | 114,000 | 100,831 | ||||||
|
| |||||||
140,798 | ||||||||
|
| |||||||
Household Durables - 0.0% (B) | ||||||||
Mohawk Industries, Inc. | ||||||||
5.85%, 09/18/2028 | 46,000 | 47,653 | ||||||
|
| |||||||
Industrial Conglomerates - 0.1% | ||||||||
Veralto Corp. | ||||||||
5.45%, 09/18/2033 (D) | 70,000 | 71,669 | ||||||
|
| |||||||
Insurance - 0.5% | ||||||||
Constellation Insurance, Inc. | ||||||||
6.80%, 01/24/2030 (D) | 224,000 | 221,792 | ||||||
Equitable Holdings, Inc. | ||||||||
5.59%, 01/11/2033 | 127,000 | 130,257 | ||||||
Global Atlantic Finance Co. | ||||||||
7.95%, 06/15/2033 (D) | 124,000 | 137,644 | ||||||
Prudential Financial, Inc. | ||||||||
Fixed until 07/01/2030, | 94,000 | 82,635 | ||||||
|
| |||||||
572,328 | ||||||||
|
| |||||||
Interactive Media & Services - 0.4% | ||||||||
Baidu, Inc. | ||||||||
4.38%, 05/14/2024 | 200,000 | 199,308 | ||||||
Meta Platforms, Inc. | ||||||||
4.80%, 05/15/2030 | 76,000 | 77,341 | ||||||
Tencent Holdings Ltd. | ||||||||
3.28%, 04/11/2024 (D) | 97,000 | 96,568 | ||||||
|
| |||||||
373,217 | ||||||||
|
| |||||||
Internet & Catalog Retail - 0.0% (B) | ||||||||
Expedia Group, Inc. | ||||||||
2.95%, 03/15/2031 | 6,000 | 5,252 | ||||||
|
| |||||||
Machinery - 0.1% | ||||||||
CNH Industrial Capital LLC | ||||||||
4.55%, 04/10/2028 | 42,000 | 41,623 | ||||||
Huntington Ingalls Industries, Inc. | ||||||||
2.04%, 08/16/2028 | 108,000 | 95,197 | ||||||
|
| |||||||
136,820 | ||||||||
|
| |||||||
Media - 0.1% | ||||||||
Charter Communications Operating LLC/Charter Communications Operating Capital | ||||||||
4.80%, 03/01/2050 | 44,000 | 33,549 | ||||||
Comcast Corp. | ||||||||
2.94%, 11/01/2056 | 17,000 | 10,968 |
Transamerica Funds | Page 6 |
Transamerica Balanced II
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2024
(unaudited)
Principal | Value | |||||||
CORPORATE DEBT SECURITIES (continued) | ||||||||
Media (continued) | ||||||||
NBCUniversal Media LLC | ||||||||
4.45%, 01/15/2043 | $ 24,000 | $ 21,692 | ||||||
Paramount Global | ||||||||
4.20%, 05/19/2032 (F) | 20,000 | 17,779 | ||||||
|
| |||||||
83,988 | ||||||||
|
| |||||||
Metals & Mining - 0.3% | ||||||||
Anglo American Capital PLC | ||||||||
4.50%, 03/15/2028 (D) | 200,000 | 194,593 | ||||||
ArcelorMittal SA | ||||||||
6.55%, 11/29/2027 | 101,000 | 105,839 | ||||||
Glencore Funding LLC | ||||||||
2.63%, 09/23/2031 (D) | 82,000 | 69,244 | ||||||
|
| |||||||
369,676 | ||||||||
|
| |||||||
Office REITs - 0.1% | ||||||||
Corporate Office Properties LP | ||||||||
2.25%, 03/15/2026 | 35,000 | 32,880 | ||||||
Highwoods Realty LP | ||||||||
4.13%, 03/15/2028 | 47,000 | 43,864 | ||||||
7.65%, 02/01/2034 (F) | 30,000 | 32,987 | ||||||
|
| |||||||
109,731 | ||||||||
|
| |||||||
Oil, Gas & Consumable Fuels - 1.0% | ||||||||
Boardwalk Pipelines LP | ||||||||
3.40%, 02/15/2031 | 46,000 | 41,155 | ||||||
Chevron USA, Inc. | ||||||||
3.25%, 10/15/2029 | 47,000 | 44,558 | ||||||
Energy Transfer LP | ||||||||
4.90%, 02/01/2024 | 41,000 | 41,000 | ||||||
5.15%, 03/15/2045 | 75,000 | 68,711 | ||||||
5.55%, 02/15/2028 | 43,000 | 43,762 | ||||||
5.95%, 10/01/2043 | 28,000 | 27,744 | ||||||
Enterprise Products Operating LLC | ||||||||
4.25%, 02/15/2048 | 104,000 | 90,286 | ||||||
Kinder Morgan Energy Partners LP | ||||||||
4.15%, 02/01/2024 | 52,000 | 52,000 | ||||||
Occidental Petroleum Corp. | ||||||||
5.55%, 03/15/2026 | 62,000 | 62,419 | ||||||
ONEOK, Inc. | ||||||||
6.10%, 11/15/2032 | 100,000 | 105,277 | ||||||
Ovintiv, Inc. | ||||||||
6.25%, 07/15/2033 | 67,000 | 69,752 | ||||||
Petroleos Mexicanos | ||||||||
6.84%, 01/23/2030 | 139,000 | 119,370 | ||||||
7.69%, 01/23/2050 | 17,000 | 11,884 | ||||||
Plains All American Pipeline LP/PAA Finance Corp. | ||||||||
3.55%, 12/15/2029 | 52,000 | 47,820 | ||||||
Sabine Pass Liquefaction LLC | ||||||||
4.20%, 03/15/2028 | 41,000 | 40,149 | ||||||
Shell International Finance BV | ||||||||
2.50%, 09/12/2026 | 103,000 | 98,151 | ||||||
3.75%, 09/12/2046 | 30,000 | 24,542 | ||||||
Western Midstream Operating LP | ||||||||
6.15%, 04/01/2033 | 69,000 | 71,347 | ||||||
Williams Cos., Inc. | ||||||||
5.40%, 03/04/2044 | 28,000 | 26,979 | ||||||
|
| |||||||
1,086,906 | ||||||||
|
|
Principal | Value | |||||||
CORPORATE DEBT SECURITIES (continued) | ||||||||
Passenger Airlines - 0.1% | ||||||||
American Airlines Pass-Through Trust | ||||||||
3.20%, 12/15/2029 | $ 42,617 | $ 39,056 | ||||||
United Airlines Pass-Through Trust | ||||||||
3.75%, 03/03/2028 | 48,693 | 46,794 | ||||||
|
| |||||||
85,850 | ||||||||
|
| |||||||
Personal Care Products - 0.1% | ||||||||
Kenvue, Inc. | ||||||||
5.00%, 03/22/2030 | 112,000 | 114,670 | ||||||
|
| |||||||
Pharmaceuticals - 0.3% | ||||||||
AbbVie, Inc. | ||||||||
3.20%, 05/14/2026 | 47,000 | 45,610 | ||||||
Bristol-Myers Squibb Co. | ||||||||
6.40%, 11/15/2063 | 14,000 | 16,059 | ||||||
Merck & Co., Inc. | ||||||||
5.00%, 05/17/2053 | 87,000 | 87,078 | ||||||
Pfizer Investment Enterprises Pte. Ltd. | ||||||||
5.11%, 05/19/2043 | 75,000 | 74,555 | ||||||
Viatris, Inc. | ||||||||
2.30%, 06/22/2027 | 47,000 | 42,800 | ||||||
|
| |||||||
266,102 | ||||||||
|
| |||||||
Professional Services - 0.1% | ||||||||
Equifax, Inc. | ||||||||
2.60%, 12/01/2024 | 52,000 | 50,844 | ||||||
5.10%, 12/15/2027 | 79,000 | 79,649 | ||||||
|
| |||||||
130,493 | ||||||||
|
| |||||||
Residential REITs - 0.1% | ||||||||
American Homes 4 Rent LP | ||||||||
5.50%, 02/01/2034 | 86,000 | 86,872 | ||||||
Invitation Homes Operating Partnership LP | ||||||||
4.15%, 04/15/2032 | 48,000 | 44,045 | ||||||
|
| |||||||
130,917 | ||||||||
|
| |||||||
Retail REITs - 0.1% | ||||||||
Realty Income Corp. | ||||||||
4.90%, 07/15/2033 | 75,000 | 73,377 | ||||||
Simon Property Group LP | ||||||||
6.25%, 01/15/2034 | 35,000 | 37,837 | ||||||
|
| |||||||
111,214 | ||||||||
|
| |||||||
Semiconductors & Semiconductor Equipment - 0.9% | ||||||||
Advanced Micro Devices, Inc. | ||||||||
3.92%, 06/01/2032 | 115,000 | 109,936 | ||||||
Broadcom, Inc. | ||||||||
3.14%, 11/15/2035 (D) | 87,000 | 71,432 | ||||||
Foundry JV Holdco LLC | ||||||||
5.88%, 01/25/2034 (D) | 200,000 | 205,723 | ||||||
KLA Corp. | ||||||||
3.30%, 03/01/2050 | 80,000 | 59,700 | ||||||
Microchip Technology, Inc. | ||||||||
0.98%, 09/01/2024 | 70,000 | 68,136 | ||||||
Micron Technology, Inc. | ||||||||
5.30%, 01/15/2031 | 87,000 | 87,868 | ||||||
NXP BV/NXP Funding LLC/NXP USA, Inc. | ||||||||
3.25%, 11/30/2051 (F) | 39,000 | 27,189 | ||||||
3.40%, 05/01/2030 | 75,000 | 68,500 | ||||||
QUALCOMM, Inc. | ||||||||
3.25%, 05/20/2050 (F) | 65,000 | 49,815 |
Transamerica Funds | Page 7 |
Transamerica Balanced II
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2024
(unaudited)
Principal | Value | |||||||
CORPORATE DEBT SECURITIES (continued) | ||||||||
Semiconductors & Semiconductor Equipment (continued) | ||||||||
Skyworks Solutions, Inc. | ||||||||
1.80%, 06/01/2026 | $ 39,000 | $ 36,326 | ||||||
TSMC Global Ltd. | ||||||||
1.38%, 09/28/2030 (D) | 200,000 | 162,609 | ||||||
|
| |||||||
947,234 | ||||||||
|
| |||||||
Software - 0.5% | ||||||||
Crowdstrike Holdings, Inc. | ||||||||
3.00%, 02/15/2029 | 15,000 | 13,406 | ||||||
Fiserv, Inc. | ||||||||
5.45%, 03/02/2028 | 71,000 | 72,805 | ||||||
Infor, Inc. | ||||||||
1.75%, 07/15/2025 (D) | 68,000 | 64,370 | ||||||
Intuit, Inc. | ||||||||
5.50%, 09/15/2053 | 33,000 | 35,102 | ||||||
Oracle Corp. | ||||||||
3.65%, 03/25/2041 | 57,000 | 45,243 | ||||||
6.90%, 11/09/2052 | 91,000 | 106,566 | ||||||
Rackspace Technology Global, Inc. | ||||||||
3.50%, 02/15/2028 (D) | 78,000 | 30,547 | ||||||
Take-Two Interactive Software, Inc. | ||||||||
3.55%, 04/14/2025 | 114,000 | 111,827 | ||||||
Workday, Inc. | ||||||||
3.50%, 04/01/2027 | 73,000 | 70,669 | ||||||
|
| |||||||
550,535 | ||||||||
|
| |||||||
Specialized REITs - 0.1% | ||||||||
Extra Space Storage LP | ||||||||
5.90%, 01/15/2031 | 106,000 | 110,138 | ||||||
Tobacco - 0.2% | ||||||||
BAT Capital Corp. | ||||||||
6.42%, 08/02/2033 | 103,000 | 107,926 | ||||||
Philip Morris International, Inc. | ||||||||
5.63%, 11/17/2029 | 77,000 | 80,284 | ||||||
|
| |||||||
188,210 | ||||||||
|
| |||||||
Wireless Telecommunication Services - 0.2% | ||||||||
T-Mobile USA, Inc. | ||||||||
3.88%, 04/15/2030 | 135,000 | 127,575 | ||||||
5.15%, 04/15/2034 | 87,000 | 87,533 | ||||||
|
| |||||||
215,108 | ||||||||
|
| |||||||
Total Corporate Debt Securities |
| 15,071,385 | ||||||
|
| |||||||
FOREIGN GOVERNMENT OBLIGATION - 0.1% | ||||||||
Mexico - 0.1% | ||||||||
Mexico Government International Bonds | ||||||||
3.75%, 01/11/2028 | 116,000 | 111,341 | ||||||
|
| |||||||
Total Foreign Government Obligation |
| 111,341 | ||||||
|
| |||||||
MORTGAGE-BACKED SECURITIES - 2.2% | ||||||||
Alternative Loan Trust | ||||||||
Series 2007-22, Class 2A16, | ||||||||
6.50%, 09/25/2037 | 137,972 | 52,428 | ||||||
BB-UBS Trust | ||||||||
Series 2012-TFT, Class A, | ||||||||
2.89%, 06/05/2030 (D) | 34,754 | 31,411 | ||||||
CIM Trust | ||||||||
Series 2021-R6, Class A1, | ||||||||
1.43% (C), 07/25/2061 (D) | 149,118 | 130,620 |
Principal | Value | |||||||
MORTGAGE-BACKED SECURITIES (continued) | ||||||||
Citigroup Commercial Mortgage Trust | ||||||||
Series 2015-GC27, Class B, | ||||||||
3.77%, 02/10/2048 | $ 157,700 | $ 152,233 | ||||||
Citigroup Mortgage Loan Trust, Inc. | ||||||||
Series 2018-RP1, Class A1, | ||||||||
3.00% (C), 09/25/2064 (D) | 19,959 | 19,231 | ||||||
COMM Mortgage Trust | ||||||||
Series 2015-3BP, Class A, | ||||||||
3.18%, 02/10/2035 (D) | 310,000 | 295,623 | ||||||
CSMC Trust | ||||||||
Series 2021-RPL2, Class A1A, | ||||||||
1.11% (C), 01/25/2060 (D) | 131,594 | 108,606 | ||||||
Series 2021-RPL6, Class A1, | ||||||||
2.00% (C), 10/25/2060 (D) | 113,731 | 100,147 | ||||||
Fontainebleau Miami Beach Trust | ||||||||
Series 2019-FBLU, Class B, | ||||||||
3.45%, 12/10/2036 (D) | 150,000 | 145,893 | ||||||
GMACM Mortgage Loan Trust | ||||||||
Series 2005-AR1, Class 3A, | ||||||||
4.09% (C), 03/18/2035 | 10,419 | 8,768 | ||||||
Impac CMB Trust | ||||||||
Series 2004-6, Class 1A1, | ||||||||
1-Month Term SOFR + 0.91%, | ||||||||
6.25% (C), 10/25/2034 | 9,109 | 8,827 | ||||||
IndyMac INDX Mortgage Loan Trust | ||||||||
Series 2007-AR15, Class 2A1, | ||||||||
3.32% (C), 08/25/2037 | 80,772 | 56,884 | ||||||
Merrill Lynch Mortgage Investors Trust | ||||||||
Series 2003-F, Class A1, | ||||||||
1-Month Term SOFR + 0.75%, | ||||||||
6.09% (C), 10/25/2028 | 4,666 | 4,347 | ||||||
Nationstar Mortgage Loan Trust | ||||||||
Series 2013-A, Class A, | ||||||||
3.75% (C), 12/25/2052 (D) | 22,053 | 20,506 | ||||||
New Residential Mortgage Loan Trust | ||||||||
Series 2014-1A, Class A, | ||||||||
3.75% (C), 01/25/2054 (D) | 11,406 | 10,754 | ||||||
Series 2014-2A, Class A3, | ||||||||
3.75% (C), 05/25/2054 (D) | 28,859 | 27,052 | ||||||
Series 2014-3A, Class AFX3, | ||||||||
3.75% (C), 11/25/2054 (D) | 21,276 | 19,930 | ||||||
Series 2016-3A, Class A1B, | ||||||||
3.25% (C), 09/25/2056 (D) | 18,333 | 16,830 | ||||||
Series 2017-1A, Class A1, | ||||||||
4.00% (C), 02/25/2057 (D) | 37,678 | 35,655 | ||||||
Series 2017-3A, Class A1, | ||||||||
4.00% (C), 04/25/2057 (D) | 65,123 | 61,555 | ||||||
Series 2017-4A, Class A1, | ||||||||
4.00% (C), 05/25/2057 (D) | 22,124 | 20,856 | ||||||
Series 2018-RPL1, Class A1, | ||||||||
3.50% (C), 12/25/2057 (D) | 25,267 | 24,162 | ||||||
Series 2019-4A, Class A1B, | ||||||||
3.50% (C), 12/25/2058 (D) | 84,864 | 78,312 | ||||||
Series 2019-5A, Class A1B, | ||||||||
3.50% (C), 08/25/2059 (D) | 70,802 | 66,139 | ||||||
OBX Trust | ||||||||
Series 2023-NQM4, Class A1, | ||||||||
6.11% (C), 03/25/2063 (D) | 86,282 | 86,753 | ||||||
Structured Asset Mortgage Investments II Trust | ||||||||
Series 2003-AR4, Class A1, | ||||||||
1-Month Term SOFR + 0.81%, | 27,208 | 25,414 |
Transamerica Funds | Page 8 |
Transamerica Balanced II
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2024
(unaudited)
Principal | Value | |||||||
MORTGAGE-BACKED SECURITIES (continued) | ||||||||
Towd Point Mortgage Trust | ||||||||
Series 2017-1, Class A1, | ||||||||
2.75% (C), 10/25/2056 (D) | $ 1,761 | $ 1,751 | ||||||
Series 2017-3, Class A1, | ||||||||
2.75% (C), 07/25/2057 (D) | 5,729 | 5,637 | ||||||
Series 2017-6, Class A1, | ||||||||
2.75% (C), 10/25/2057 (D) | 17,963 | 17,217 | ||||||
Series 2018-1, Class A1, | ||||||||
3.00% (C), 01/25/2058 (D) | 25,848 | 25,157 | ||||||
Series 2018-3, Class A1, | ||||||||
3.75% (C), 05/25/2058 (D) | 71,237 | 68,679 | ||||||
Series 2018-4, Class A1, | ||||||||
3.00% (C), 06/25/2058 (D) | 116,670 | 108,894 | ||||||
Series 2020-4, Class A1, | ||||||||
1.75%, 10/25/2060 (D) | 105,388 | 93,414 | ||||||
Series 2021-1, Class A1, | ||||||||
2.25% (C), 11/25/2061 (D) | 131,042 | 120,574 | ||||||
Series 2022-1, Class A1, | ||||||||
3.75% (C), 07/25/2062 (D) | 83,625 | 78,079 | ||||||
Series 2023-1, Class A1, | ||||||||
3.75%, 01/25/2063 (D) | 211,049 | 200,296 | ||||||
|
| |||||||
Total Mortgage-Backed Securities |
| 2,328,634 | ||||||
|
| |||||||
U.S. GOVERNMENT AGENCY OBLIGATIONS - 9.9% | ||||||||
Federal Home Loan Mortgage Corp. | ||||||||
1-Year RFUCC Treasury + 1.90%, | 395 | 394 | ||||||
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates | ||||||||
1.38%, 06/25/2030 | 245,000 | 203,979 | ||||||
2.89%, 06/25/2027 | 14,521 | 14,390 | ||||||
3.01%, 07/25/2025 | 188,000 | 183,314 | ||||||
Federal National Mortgage Association | ||||||||
3.50%, 11/01/2028 - 01/01/2029 | 22,972 | 22,436 | ||||||
4.00%, 10/01/2025 - 07/01/2026 | 3,204 | 3,163 | ||||||
1-Year RFUCC Treasury + 1.75%, | 417 | 417 | ||||||
4.50%, 02/01/2025 - 08/01/2052 | 195,225 | 188,902 | ||||||
5.00%, 04/01/2039 - 04/01/2053 | 615,861 | 610,240 | ||||||
5.50%, 09/01/2036 - 03/01/2053 | 289,399 | 292,882 | ||||||
6.00%, 05/01/2038 - 04/01/2040 | 50,863 | 52,962 | ||||||
6.50%, 05/01/2040 | 14,240 | 14,818 | ||||||
Government National Mortgage Association REMICS, Interest Only STRIPS | ||||||||
0.64% (C), 02/16/2053 | 68,394 | 1,079 | ||||||
Tennessee Valley Authority | ||||||||
5.88%, 04/01/2036 | 79,000 | 89,793 | ||||||
Uniform Mortgage-Backed Security, TBA | ||||||||
2.00%, 02/01/2039 - 02/01/2054 (G) | 1,027,000 | 872,111 | ||||||
2.50%, 02/01/2039 - 02/01/2054 (G) | 2,396,000 | 2,051,914 | ||||||
3.00%, 02/01/2039 - 02/01/2054 (G) | 2,015,000 | 1,783,378 | ||||||
3.50%, 02/01/2039 - 02/01/2054 (G) | 1,536,000 | 1,412,959 | ||||||
4.00%, 02/01/2054 (G) | 845,000 | 796,179 | ||||||
4.50%, 02/01/2054 (G) | 746,000 | 721,697 | ||||||
5.50%, 02/01/2054 (G) | 882,000 | 885,233 | ||||||
6.00%, 02/01/2054 (G) | 339,000 | 343,893 | ||||||
|
| |||||||
Total U.S. Government Agency Obligations |
| 10,546,133 | ||||||
|
| |||||||
U.S. GOVERNMENT OBLIGATIONS - 9.9% | ||||||||
U.S. Treasury - 9.1% | ||||||||
U.S. Treasury Bonds | ||||||||
1.25%, 05/15/2050 | 194,000 | 100,827 | ||||||
1.88%, 02/15/2051 - 11/15/2051 | 508,000 | 310,634 | ||||||
2.00%, 02/15/2050 | 184,000 | 117,300 |
Principal | Value | |||||||
U.S. GOVERNMENT OBLIGATIONS (continued) | ||||||||
U.S. Treasury (continued) | ||||||||
U.S. Treasury Bonds (continued) | ||||||||
2.25%, 08/15/2046 - 02/15/2052 | $ 215,000 | $ 146,544 | ||||||
2.38%, 02/15/2042 - 05/15/2051 | 277,000 | 203,110 | ||||||
2.50%, 02/15/2045 - 05/15/2046 | 585,000 | 432,689 | ||||||
2.75%, 08/15/2042 - 11/15/2047 | 731,500 | 572,055 | ||||||
2.88%, 08/15/2045 - 05/15/2049 | 356,300 | 278,840 | ||||||
3.00%, 05/15/2042 - 08/15/2052 | 367,700 | 294,016 | ||||||
3.13%, 02/15/2042 - 05/15/2048 | 333,500 | 277,010 | ||||||
3.63%, 02/15/2044 - 05/15/2053 | 535,600 | 481,822 | ||||||
3.88%, 02/15/2043 | 107,000 | 100,547 | ||||||
4.00%, 11/15/2052 | 115,000 | 110,324 | ||||||
4.13%, 08/15/2053 | 63,000 | 61,848 | ||||||
4.25%, 05/15/2039 | 103,000 | 104,468 | ||||||
4.75%, 11/15/2053 | 203,000 | 221,238 | ||||||
5.25%, 02/15/2029 | 115,000 | 122,187 | ||||||
U.S. Treasury Notes | ||||||||
0.25%, 08/31/2025 | 351,000 | 329,021 | ||||||
0.63%, 05/15/2030 - 08/15/2030 | 472,000 | 384,292 | ||||||
0.88%, 06/30/2026 | 204,000 | 189,130 | ||||||
1.13%, 02/15/2031 | 596,000 | 496,962 | ||||||
1.25%, 11/30/2026 | 135,000 | 125,049 | ||||||
1.38%, 11/15/2031 | 178,000 | 147,629 | ||||||
1.50%, 08/15/2026 - 02/15/2030 | 234,300 | 211,362 | ||||||
1.63%, 02/15/2026 - 05/15/2031 | 1,109,900 | 1,012,517 | ||||||
1.88%, 02/15/2032 | 143,100 | 122,803 | ||||||
2.13%, 05/15/2025 | 43,000 | 41,732 | ||||||
2.25%, 11/15/2025 - 11/15/2027 | 420,300 | 402,299 | ||||||
2.50%, 05/31/2024 | 37,000 | 36,665 | ||||||
2.75%, 05/15/2025 - 08/15/2032 | 330,000 | 310,644 | ||||||
2.88%, 05/15/2028 - 05/15/2032 | 738,200 | 705,754 | ||||||
3.13%, 11/15/2028 | 220,500 | 213,084 | ||||||
3.38%, 05/15/2033 | 25,000 | 23,867 | ||||||
3.50%, 02/15/2033 | 93,000 | 89,727 | ||||||
3.63%, 05/31/2028 | 259,000 | 256,036 | ||||||
3.88%, 08/15/2033 | 164,900 | 163,715 | ||||||
4.13%, 07/31/2028 - 11/15/2032 | 267,800 | 270,645 | ||||||
4.38%, 11/30/2028 | 94,000 | 96,005 | ||||||
4.50%, 11/15/2033 | 40,500 | 42,240 | ||||||
4.75%, 11/15/2043 | 132,000 | 139,446 | ||||||
|
| |||||||
9,746,083 | ||||||||
|
| |||||||
U.S. Treasury Inflation-Protected Securities - 0.8% | ||||||||
U.S. Treasury Inflation-Protected Indexed Bonds | ||||||||
0.25%, 02/15/2050 | 263,960 | 169,651 | ||||||
1.75%, 01/15/2028 | 105,535 | 105,400 | ||||||
2.50%, 01/15/2029 | 390,024 | 404,867 | ||||||
U.S. Treasury Inflation-Protected Indexed Notes | ||||||||
0.13%, 07/15/2030 | 209,592 | 190,682 | ||||||
|
| |||||||
870,600 | ||||||||
|
| |||||||
Total U.S. Government Obligations |
| 10,616,683 | ||||||
|
| |||||||
COMMERCIAL PAPER - 7.3% | ||||||||
Banks - 2.9% | ||||||||
Cooperatieve Rabobank UA | ||||||||
5.78% (H), 02/01/2024 | 450,000 | 449,934 | ||||||
Korea Development Bank | ||||||||
5.47% (H), 07/08/2024 | 400,000 | 390,882 | ||||||
Macquarie Bank Ltd. | ||||||||
5.86% (H), 03/01/2024 (D) | 500,000 | 497,750 | ||||||
National Bank of Canada | ||||||||
5.86% (H), 02/01/2024 (D) | 450,000 | 449,934 | ||||||
Nordea Bank Abp | ||||||||
5.80% (H), 03/05/2024 (D) | 450,000 | 447,746 |
Transamerica Funds | Page 9 |
Transamerica Balanced II
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2024
(unaudited)
Principal | Value | |||||||
COMMERCIAL PAPER (continued) | ||||||||
Banks (continued) | ||||||||
Standard Chartered Bank | ||||||||
5.89% (H), 03/07/2024 (D) | $ 465,000 | $ 462,540 | ||||||
Svenska Handelsbanken AB | ||||||||
5.36% (H), 07/30/2024 (D) | 450,000 | 438,369 | ||||||
|
| |||||||
3,137,155 | ||||||||
|
| |||||||
Consumer Finance - 0.4% | ||||||||
Toyota Motor Credit Corp. | ||||||||
5.46% (H), 07/03/2024 | 400,000 | 391,035 | ||||||
|
| |||||||
Financial Services - 3.1% | ||||||||
Alinghi Funding Co. LLC | ||||||||
5.92% (H), 04/10/2024 (D) | 450,000 | 445,313 | ||||||
Anglesea Funding LLC | ||||||||
5.38% (H), 07/26/2024 (D) | 475,000 | 462,882 | ||||||
Britannia Funding Co. LLC | ||||||||
5.90% (H), 02/07/2024 (D) | 500,000 | 499,481 | ||||||
Glencove Funding LLC | ||||||||
5.79% (H), 04/10/2024 (D) | 475,000 | 470,043 | ||||||
GTA Funding LLC | ||||||||
5.84% (H), 02/21/2024 (D) | 450,000 | 448,594 | ||||||
Liberty Street Funding LLC | ||||||||
5.65% (H), 02/16/2024 (D) | 250,000 | 249,406 | ||||||
Starbird Funding Corp. | ||||||||
5.47% (H), 07/11/2024 (D) | 400,000 | 390,582 | ||||||
5.86% (H), 02/01/2024 (D) | 333,000 | 332,951 | ||||||
|
| |||||||
3,299,252 | ||||||||
|
| |||||||
Health Care Providers & Services - 0.5% | ||||||||
Columbia Funding Co. LLC | ||||||||
5.84% (H), 03/05/2024 (D) | 500,000 | 497,464 | ||||||
Pharmaceuticals - 0.4% | ||||||||
AstraZeneca PLC | ||||||||
5.41% (H), 07/16/2024 (D) | 500,000 | 487,564 | ||||||
|
| |||||||
Total Commercial Paper |
| 7,812,470 | ||||||
|
| |||||||
SHORT-TERM U.S. GOVERNMENT AGENCY OBLIGATION - 0.3% | ||||||||
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates | ||||||||
Series K728, Class A2, | ||||||||
3.06% (C), 08/25/2024 | 343,021 | 338,366 | ||||||
|
| |||||||
Total Short-Term U.S. Government Agency Obligation |
| 338,366 | ||||||
|
| |||||||
SHORT-TERM U.S. GOVERNMENT OBLIGATIONS - 1.2% | ||||||||
U.S. Cash Management Bills | ||||||||
5.44% (H), 03/14/2024 | 128,000 | 128,000 | ||||||
U.S. Treasury Bills | ||||||||
5.31% (H), 03/26/2024 | 86,000 | 85,322 | ||||||
5.34% (H), 05/02/2024 | 128,000 | 126,317 | ||||||
5.35% (H), 05/02/2024 | 466,000 | 460,822 | ||||||
5.37% (H), 03/05/2024 | 508,000 | 505,558 | ||||||
|
| |||||||
Total Short-Term U.S. Government Obligations |
| 1,306,019 | ||||||
|
|
Shares | Value | |||||||
OTHER INVESTMENT COMPANY - 0.4% | ||||||||
Securities Lending Collateral - 0.4% | ||||||||
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 5.30% (H) | 404,350 | $ 404,350 | ||||||
|
| |||||||
Total Other Investment Company |
| 404,350 | ||||||
|
| |||||||
Principal | Value | |||||||
REPURCHASE AGREEMENT - 0.7% | ||||||||
Fixed Income Clearing Corp., 2.50% (H), dated 01/31/2024, to be repurchased at $798,447 on 02/01/2024. Collateralized by U.S. Government Obligations, 1.88% - 4.50%, due 06/30/2026 - 07/15/2026, and with a total value of $814,481. | $ 798,391 | 798,391 | ||||||
|
| |||||||
Total Repurchase Agreement |
| 798,391 | ||||||
|
| |||||||
Total Investments |
| 116,206,623 | ||||||
Net Other Assets (Liabilities) - (8.6)% | (9,238,556 | ) | ||||||
|
| |||||||
Net Assets - 100.0% | $ 106,968,067 | |||||||
|
|
Transamerica Funds | Page 10 |
Transamerica Balanced II
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2024
(unaudited)
FUTURES CONTRACTS:
Long Futures Contracts
Description | Number of Contracts | Expiration Date | Notional Amount | Value | Unrealized Appreciation | Unrealized Depreciation | ||||||||||||||||||||||||
S&P 500® E-Mini Index | 1 | 03/15/2024 | $ | 241,740 | $ | 243,525 | $ | 1,785 | $ | — |
INVESTMENT VALUATION:
Valuation Inputs (I)
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Significant Observable Inputs | Level 3 - Significant Unobservable Inputs | Value | |||||||||||||
ASSETS | ||||||||||||||||
Investments | ||||||||||||||||
Common Stocks | $ | 64,436,716 | $ | — | $ | — | $ | 64,436,716 | ||||||||
Preferred Stock | 85,639 | — | — | 85,639 | ||||||||||||
Asset-Backed Securities | — | 2,350,496 | — | 2,350,496 | ||||||||||||
Corporate Debt Securities | — | 15,071,385 | — | 15,071,385 | ||||||||||||
Foreign Government Obligation | — | 111,341 | — | 111,341 | ||||||||||||
Mortgage-Backed Securities | — | 2,328,634 | — | 2,328,634 | ||||||||||||
U.S. Government Agency Obligations | — | 10,546,133 | — | 10,546,133 | ||||||||||||
U.S. Government Obligations | — | 10,616,683 | — | 10,616,683 | ||||||||||||
Commercial Paper | — | 7,812,470 | — | 7,812,470 | ||||||||||||
Short-Term U.S. Government Agency Obligation | — | 338,366 | — | 338,366 | ||||||||||||
Short-Term U.S. Government Obligations | — | 1,306,019 | — | 1,306,019 | ||||||||||||
Other Investment Company | 404,350 | — | — | 404,350 | ||||||||||||
Repurchase Agreement | — | 798,391 | — | 798,391 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | $ | 64,926,705 | $ | 51,279,918 | $ | — | $ | 116,206,623 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Other Financial Instruments |
| |||||||||||||||
Futures Contracts (J) | $ | 1,785 | $ | — | $ | — | $ | 1,785 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Total Other Financial Instruments | $ | 1,785 | $ | — | $ | — | $ | 1,785 | ||||||||
|
|
|
|
|
|
|
|
FOOTNOTES TO SCHEDULE OF INVESTMENTS:
(A) | Non-income producing securities. | |
(B) | Percentage rounds to less than 0.1% or (0.1)%. | |
(C) | 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. | |
(D) | 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 $14,836,991, representing 13.9% 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 $396,070, collateralized by cash collateral of $404,350. 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) | 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. | |
(H) | Rates disclosed reflect the yields at January 31, 2024. | |
(I) | 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. | |
(J) | Derivative instruments are valued at unrealized appreciation (depreciation). |
PORTFOLIO ABBREVIATIONS:
REIT | Real Estate Investment Trust | |
RFUCC | Refinitiv USD IBOR Consumer Cash Fallbacks | |
SOFR | Secured Overnight Financing Rate | |
STRIPS | Separate Trading of Registered Interest and Principal of Securities | |
TBA | To Be Announced |
Transamerica Funds | Page 11 |
Transamerica Balanced II
NOTES TO SCHEDULE OF INVESTMENTS
At January 31, 2024
(unaudited)
INVESTMENT VALUATION
Transamerica Balanced II (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 and derivative instruments.
The inputs used to measure fair value may fall into different Levels of the fair value hierarchy. In such cases, for disclosure purposes, the Level in the fair value hierarchy that is assigned to the fair value measurement of a security is determined based on the lowest Level input that is significant to the fair value measurement in its entirety. Certain investments that are measured at fair value using Net Asset Value (“NAV”) per share, or its equivalent, using the “practical expedient” have not been classified in the fair value Levels. The hierarchy classification of inputs used to value the Fund’s investments at January 31, 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:
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.
Foreign equity securities: Securities in which the primary trading market closes at the same time or after the NYSE, are valued based on quotations from the primary market in which they are traded and are categorized in Level 1. Because many foreign securities markets and exchanges close prior to the close of the NYSE, closing prices for foreign securities in those markets or on those exchanges do not reflect the events that occur after that close. Certain foreign securities may be fair valued using a pricing service that considers the correlation of the trading patterns of the foreign security to the intraday trading in the U.S. markets for investments such as American Depositary Receipts, financial futures, or ETFs and the movement of certain indices of securities based on a statistical analysis of their historical relationship; such valuations generally are categorized in Level 2.
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.
Transamerica Funds | Page 12 |
Transamerica Balanced II
NOTES TO SCHEDULE OF INVESTMENTS (continued)
At January 31, 2024
(unaudited)
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.
U.S. government agency obligations: U.S. government agency obligations are comprised of two main categories consisting of agency issued debt and mortgage pass-throughs. Generally, agency issued debt securities are valued in a manner similar to U.S. government obligations. Mortgage pass-throughs include to be announced (“TBA”) securities and mortgage pass-through certificates. Generally, TBA securities and mortgage pass-throughs are valued using dealer quotations. Depending on market activity levels and whether quotations or other observable data are used, these securities are typically categorized in Level 2 of the fair value hierarchy; otherwise they would be categorized in Level 3.
U.S. government obligations: U.S. government obligations are normally valued using a model that incorporates market observable data such as reported sales of similar securities, broker quotes, yields, bids, offers, and reference data. Certain securities are valued by principally using dealer quotations. U.S. government obligations generally are categorized in Level 2 of the fair value hierarchy, or Level 3 if inputs are unobservable.
Commercial paper: Commercial paper is valued using amortized cost, which approximates fair value. The values are generally categorized in Level 2 of the fair value hierarchy, or Level 3 if inputs are unobservable.
Short-term notes: The Fund normally values short-term government and U.S. government agency securities using a model that incorporates market observable data such as reported sales of similar securities, broker quotes, yields, bids, offers and reference data. Certain securities are valued by principally using dealer quotations. Short-term government and U.S. government agency securities generally are categorized in Level 2 of the fair value hierarchy, or Level 3 if inputs are unobservable.
Securities lending collateral: Securities lending collateral is invested in a money market fund which is valued at the actively traded NAV and no valuation adjustments are applied. Securities lending collateral is categorized in Level 1 of the fair value hierarchy.
Repurchase agreements: Repurchase agreements are valued at cost, which approximates fair value. To the extent the inputs are observable and timely, the values are generally categorized in Level 2 of the fair value hierarchy.
Derivative instruments: Centrally cleared or listed derivatives that are actively traded are valued based on quoted prices from the exchange and are categorized in Level 1 of the fair value hierarchy. Over-the-counter (“OTC”) derivative contracts include forward, swap, swaption, and option contracts related to interest rates, foreign currencies, credit standing of reference entities, equity prices, or commodity prices. Depending on the product and the terms of the transaction, the fair value of the OTC derivative products are modeled taking into account the counterparties’ creditworthiness and using a series of techniques, including simulation models. Many pricing models do not entail material subjectivity because the methodologies employed do not necessitate significant judgments and the pricing inputs are observed from actively quoted markets, as is the case of interest rate swap and option contracts. The majority of OTC derivative products valued by the Fund using pricing models fall into this category and are categorized within Level 2 of the fair value hierarchy or Level 3 if inputs are unobservable.
Transamerica Funds | Page 13 |