Transamerica Bond (IDITX) NPORT-P Transamerica Stock Index (Mar 2024 report)

Transamerica Stock Index

SCHEDULE OF INVESTMENTS

At March 31, 2024

(unaudited)

	Value
Master Portfolio - 100.0%
S&P 500 Index Master Portfolio		$ 357,491,205
Total Investments (Cost $357,491,205)		357,491,205
Net Other Assets (Liabilities) - (0.0)% (A)		(147,194	)
Net Assets - 100.0%		$ 357,344,011

FOOTNOTE TO SCHEDULE OF INVESTMENTS:

(A) Percentage rounds to less than 0.1% or (0.1)%.

Transamerica Funds Page 1  

Transamerica Stock Index

NOTES TO SCHEDULE OF INVESTMENTS

At March 31, 2024

(unaudited)

INVESTMENT VALUATION

Transamerica Stock Index (the “Fund”) is a series of the Transamerica Funds.

The value of the Fund’s investment in the Master Portfolio, reflected within the Schedule of Investments, displays the Fund’s proportional interest in the net assets of the Master Portfolio. At the period ended March 31, 2024, the Fund held a 0.88% ownership interest in the Master Portfolio.

Information regarding the valuation policy for the underlying securities held by the Master Portfolio is discussed in the Master Portfolio’s Schedule of Investments, which accompany this report.

Transamerica Funds Page 2  

Schedule of Investments (unaudited)	S&P 500 Index Master Portfolio
March 31, 2024	(Percentages shown are based on Net Assets)

Security	Shares		Value
Common Stocks
Aerospace & Defense — 1.9%
Axon Enterprise, Inc.(a)		63,918		$  19,998,664
Boeing Co.(a)		522,491		100,835,538
General Dynamics Corp.		206,834		58,428,537
General Electric Co.		991,488		174,035,889
Howmet Aerospace, Inc.		353,998		24,224,083
Huntington Ingalls Industries, Inc.		36,396		10,608,342
L3Harris Technologies, Inc.		172,674		36,796,829
Lockheed Martin Corp.		198,883		90,465,910
Northrop Grumman Corp.		127,833		61,188,544
RTX Corp.		1,208,758		117,890,168
Textron, Inc.		176,036		16,887,133
TransDigm Group, Inc.		50,658		62,390,393
				773,750,030
Air Freight & Logistics — 0.4%
CH Robinson Worldwide, Inc.		108,573		8,266,748
Expeditors International of Washington, Inc.		131,443		15,979,526
FedEx Corp.		208,476		60,403,836
United Parcel Service, Inc., Class B		658,897		97,931,861
				182,581,971
Automobile Components — 0.1%
Aptiv PLC(a)		256,525		20,432,216
BorgWarner, Inc.		208,912		7,257,603
				27,689,819
Automobiles — 1.3%
Ford Motor Co.		3,561,341		47,294,608
General Motors Co.		1,051,705		47,694,822
Tesla, Inc.(a)		2,524,209		443,730,700
				538,720,130
Banks — 3.3%
Bank of America Corp.		6,272,285		237,845,047
Citigroup, Inc.		1,733,751		109,642,413
Citizens Financial Group, Inc.		419,751		15,232,764
Comerica, Inc.		117,856		6,480,902
Fifth Third Bancorp		616,462		22,938,551
Huntington Bancshares, Inc.		1,317,386		18,377,535
JPMorgan Chase & Co.		2,633,750		527,540,125
KeyCorp.		858,011		13,565,154
M&T Bank Corp.		150,559		21,897,301
PNC Financial Services Group, Inc.		362,610		58,597,776
Regions Financial Corp.		833,982		17,546,981
Truist Financial Corp.		1,215,059		47,363,000
U.S. Bancorp		1,418,460		63,405,162
Wells Fargo & Co.		3,278,616		190,028,583
				1,350,461,294
Beverages — 1.4%
Brown-Forman Corp., Class B		162,610		8,393,928
Coca-Cola Co.		3,544,823		216,872,271
Constellation Brands, Inc., Class A		146,342		39,769,902
Keurig Dr. Pepper, Inc.		948,817		29,100,218
Molson Coors Beverage Co., Class B		170,893		11,492,554
Monster Beverage Corp.(a)		673,872		39,947,132
PepsiCo, Inc.		1,252,125		219,134,396
				564,710,401
Biotechnology — 1.9%
AbbVie, Inc.		1,608,430		292,895,103
Amgen, Inc.		487,393		138,575,578

Security	Shares		Value
Biotechnology (continued)
Biogen, Inc.(a)		132,004		$   28,464,022
Gilead Sciences, Inc.		1,135,124		83,147,833
Incyte Corp.(a)		169,460		9,654,136
Moderna, Inc.(a)(b)		299,709		31,936,991
Regeneron Pharmaceuticals, Inc.(a)		96,492		92,872,585
Vertex Pharmaceuticals, Inc.(a)		234,768		98,135,372
				775,681,620
Broadline Retail — 3.8%
Amazon.com, Inc.(a)		8,327,487		1,502,112,105
eBay, Inc.		469,616		24,786,332
Etsy, Inc.(a)		109,329		7,513,089
				1,534,411,526
Building Products — 0.5%
A O Smith Corp.		112,403		10,055,572
Allegion PLC		80,999		10,911,375
Builders FirstSource, Inc.(a)		111,625		23,279,394
Carrier Global Corp.		758,066		44,066,377
Johnson Controls International PLC		620,854		40,554,183
Masco Corp.		199,903		15,768,349
Trane Technologies PLC		205,719		61,756,844
				206,392,094
Capital Markets — 2.8%
Ameriprise Financial, Inc.		90,779		39,801,145
Bank of New York Mellon Corp.		689,421		39,724,438
BlackRock, Inc.(c)		127,392		106,206,710
Blackstone, Inc., Class A		655,345		86,092,673
Cboe Global Markets, Inc.		95,826		17,606,111
Charles Schwab Corp.		1,355,783		98,077,342
CME Group, Inc., Class A		327,956		70,605,647
FactSet Research Systems, Inc.		34,723		15,777,784
Franklin Resources, Inc.		273,430		7,686,117
Goldman Sachs Group, Inc.		297,093		124,092,775
Intercontinental Exchange, Inc.		521,661		71,691,871
Invesco Ltd.		420,219		6,971,433
MarketAxess Holdings, Inc.		33,948		7,443,099
Moody’s Corp.		143,375		56,350,676
Morgan Stanley		1,138,321		107,184,305
MSCI, Inc., Class A		72,053		40,382,104
Nasdaq, Inc.		343,695		21,687,155
Northern Trust Corp.		188,749		16,783,561
Raymond James Financial, Inc.		170,449		21,889,061
S&P Global, Inc.		292,746		124,548,786
State Street Corp.		278,537		21,536,481
T Rowe Price Group, Inc.		202,785		24,723,547
				1,126,862,821
Chemicals — 1.5%
Air Products and Chemicals, Inc.		202,519		49,064,278
Albemarle Corp.		108,244		14,260,065
Celanese Corp., Class A		91,309		15,692,365
CF Industries Holdings, Inc.		176,080		14,651,617
Corteva, Inc.		639,334		36,870,392
Dow, Inc.		639,799		37,063,556
DuPont de Nemours, Inc.		391,836		30,042,066
Eastman Chemical Co.		104,899		10,512,978
Ecolab, Inc.		231,192		53,382,233
FMC Corp.		114,755		7,309,893
International Flavors & Fragrances, Inc.		231,443		19,901,784
Linde PLC		441,742		205,109,645
LyondellBasell Industries NV, Class A		231,609		23,688,968

MASTER  PORTFOLIO  SCHEDULE  OF  INVESTMENTS 1

Schedule of Investments (unaudited) (continued)	S&P 500 Index Master Portfolio
March 31, 2024	(Percentages shown are based on Net Assets)

Security	Shares		Value
Chemicals (continued)
Mosaic Co.		294,232		$   9,550,771
PPG Industries, Inc.		214,817		31,126,983
Sherwin-Williams Co.		214,534		74,514,094
				632,741,688
Commercial Services & Supplies — 0.6%
Cintas Corp.		78,055		53,626,127
Copart, Inc.(a)(b)		796,232		46,117,757
Republic Services, Inc.		184,902		35,397,639
Rollins, Inc.		257,783		11,927,619
Veralto Corp.		199,329		17,672,509
Waste Management, Inc.		333,910		71,172,917
				235,914,568
Communications Equipment — 0.8%
Arista Networks, Inc.(a)		229,567		66,569,838
Cisco Systems, Inc.		3,701,885		184,761,080
F5, Inc.(a)		52,708		9,992,910
Juniper Networks, Inc.		296,179		10,976,394
Motorola Solutions, Inc.		151,199		53,672,621
				325,972,843
Construction & Engineering — 0.1%
Quanta Services, Inc.		132,477		34,417,525
Construction Materials — 0.2%
Martin Marietta Materials, Inc.		56,324		34,579,557
Vulcan Materials Co.		121,161		33,067,260
				67,646,817
Consumer Finance — 0.5%
American Express Co.		520,970		118,619,659
Capital One Financial Corp.		347,077		51,676,295
Discover Financial Services		226,040		29,631,584
Synchrony Financial		371,660		16,025,979
				215,953,517
Consumer Staples Distribution & Retail — 1.8%
Costco Wholesale Corp.		404,243		296,160,549
Dollar General Corp.		199,965		31,206,538
Dollar Tree, Inc.(a)		188,775		25,135,391
Kroger Co.		602,972		34,447,790
Sysco Corp.		454,139		36,867,004
Target Corp.		420,581		74,531,159
Walgreens Boots Alliance, Inc.		653,353		14,171,227
Walmart, Inc.		3,899,735		234,647,055
				747,166,713
Containers & Packaging — 0.2%
Amcor PLC		1,307,745		12,436,655
Avery Dennison Corp.		73,429		16,393,024
Ball Corp.		286,467		19,296,417
International Paper Co.		318,187		12,415,657
Packaging Corp. of America		79,912		15,165,699
Westrock Co.		236,208		11,680,486
				87,387,938
Distributors — 0.1%
Genuine Parts Co.		127,460		19,747,378
LKQ Corp.		245,623		13,118,724
Pool Corp.		34,707		14,004,275
				46,870,377

Security	Shares		Value
Diversified Telecommunication Services — 0.7%
AT&T, Inc.		6,513,752		$  114,642,035
Verizon Communications, Inc.		3,830,152		160,713,178
				275,355,213
Electric Utilities — 1.5%
Alliant Energy Corp.		231,444		11,664,778
American Electric Power Co., Inc.		475,366		40,929,013
Constellation Energy Corp.		290,962		53,784,326
Duke Energy Corp.		702,392		67,928,330
Edison International		351,204		24,840,659
Entergy Corp.		194,135		20,516,187
Evergy, Inc.		211,723		11,301,774
Eversource Energy		317,272		18,963,347
Exelon Corp.		907,112		34,080,198
FirstEnergy Corp.		469,159		18,118,921
NextEra Energy, Inc.		1,869,135		119,456,418
NRG Energy, Inc.		203,628		13,783,579
PG&E Corp.		1,943,656		32,575,674
Pinnacle West Capital Corp.		100,706		7,525,759
PPL Corp.		669,795		18,439,456
Southern Co.		993,570		71,278,712
Xcel Energy, Inc.		503,213		27,047,699
				592,234,830
Electrical Equipment — 0.7%
AMETEK, Inc.		210,261		38,456,737
Eaton Corp. PLC		363,768		113,742,978
Emerson Electric Co.		520,827		59,072,199
Generac Holdings, Inc.(a)(b)		56,265		7,097,267
Hubbell, Inc.		48,383		20,081,364
Rockwell Automation, Inc.		103,661		30,199,559
				268,650,104
Electronic Equipment, Instruments & Components — 0.6%
Amphenol Corp., Class A		546,477		63,036,122
CDW Corp.		122,355		31,295,962
Corning, Inc.		695,269		22,916,066
Jabil, Inc.		116,443		15,597,540
Keysight Technologies, Inc.(a)		158,740		24,823,761
TE Connectivity Ltd.		281,902		40,943,447
Teledyne Technologies, Inc.(a)		42,653		18,311,786
Trimble, Inc.(a)(b)		226,920		14,604,571
Zebra Technologies Corp., Class A(a)		47,023		14,174,613
				245,703,868
Energy Equipment & Services — 0.3%
Baker Hughes Co., Class A		910,431		30,499,439
Halliburton Co.		809,809		31,922,671
Schlumberger NV		1,300,377		71,273,663
				133,695,773
Entertainment — 1.3%
Electronic Arts, Inc.		221,964		29,447,964
Live Nation Entertainment, Inc.(a)		129,916		13,741,215
Netflix, Inc.(a)		394,221		239,422,240
Take-Two Interactive Software, Inc.(a)		145,261		21,569,806
Walt Disney Co.		1,671,075		204,472,737
Warner Bros Discovery, Inc., Class A(a)(b)		2,011,470		17,560,133
				526,214,095
Financial Services — 4.2%
Berkshire Hathaway, Inc., Class B(a)		1,657,538		697,027,880
Corpay, Inc.(a)		65,387		20,174,505
Fidelity National Information Services, Inc.		536,134		39,770,420

2

Schedule of Investments (unaudited) (continued)	S&P 500 Index Master Portfolio
March 31, 2024	(Percentages shown are based on Net Assets)

Security	Shares		Value
Financial Services (continued)
Fiserv, Inc.(a)		546,778	$	87,386,060
Global Payments, Inc.		237,218		31,706,558
Jack Henry & Associates, Inc.		66,164		11,494,672
Mastercard, Inc., Class A		751,614		361,954,754
PayPal Holdings, Inc.(a)		971,087		65,053,118
Visa, Inc., Class A		1,440,851		402,112,697
				1,716,680,664
Food Products — 0.8%
Archer-Daniels-Midland Co.		483,767		30,385,405
Bunge Global SA		133,135		13,649,000
Campbell Soup Co.		174,853		7,772,216
Conagra Brands, Inc.		438,412		12,994,532
General Mills, Inc.		525,950		36,800,721
Hershey Co.		136,999		26,646,306
Hormel Foods Corp.		266,300		9,291,207
J M Smucker Co.		97,393		12,258,857
Kellanova		236,248		13,534,648
Kraft Heinz Co.		719,998		26,567,926
Lamb Weston Holdings, Inc.		132,939		14,161,992
McCormick & Co., Inc.		228,921		17,583,422
Mondelez International, Inc., Class A		1,225,337		85,773,590
Tyson Foods, Inc., Class A		260,859		15,320,249
				322,740,071
Gas Utilities — 0.0%
Atmos Energy Corp.		137,876		16,389,320
Ground Transportation — 1.1%
CSX Corp.		1,800,284		66,736,528
JB Hunt Transport Services, Inc.		74,510		14,846,118
Norfolk Southern Corp.		205,782		52,447,658
Old Dominion Freight Line, Inc.(b)		163,024		35,752,793
Uber Technologies, Inc.(a)		1,874,738		144,336,079
Union Pacific Corp.		555,516		136,618,050
				450,737,226
Health Care Equipment & Supplies — 2.5%
Abbott Laboratories		1,581,575		179,761,814
Align Technology, Inc.(a)		64,585		21,178,713
Baxter International, Inc.		458,852		19,611,334
Becton Dickinson & Co.		263,194		65,127,355
Boston Scientific Corp.(a)		1,334,621		91,408,192
Cooper Cos., Inc.		180,036		18,266,453
DENTSPLY SIRONA, Inc.		192,270		6,381,441
Dexcom, Inc.(a)		351,210		48,712,827
Edwards Lifesciences Corp.(a)		552,530		52,799,767
GE HealthCare Technologies, Inc.(a)		369,205		33,564,427
Hologic, Inc.(a)		222,807		17,370,034
IDEXX Laboratories, Inc.(a)		75,662		40,852,184
Insulet Corp.(a)		64,213		11,006,108
Intuitive Surgical, Inc.(a)		320,974		128,097,514
Medtronic PLC		1,211,334		105,567,758
ResMed, Inc.		134,656		26,665,928
STERIS PLC		89,349		20,087,442
Stryker Corp.		308,055		110,243,643
Teleflex, Inc.		42,866		9,695,003
Zimmer Biomet Holdings, Inc.		188,925		24,934,322
				1,031,332,259
Health Care Providers & Services — 2.6%
Cardinal Health, Inc.		222,236		24,868,208
Cencora, Inc.		150,723		36,624,182

Security	Shares		Value
Health Care Providers & Services (continued)
Centene Corp.(a)		486,923	$	38,213,717
Cigna Group		266,475		96,781,055
CVS Health Corp.		1,156,866		92,271,632
DaVita, Inc.(a)		49,171		6,788,057
Elevance Health, Inc.		214,051		110,994,006
HCA Healthcare, Inc.		180,444		60,183,487
Henry Schein, Inc.(a)(b)		115,839		8,748,161
Humana, Inc.		111,011		38,489,734
Laboratory Corp. of America Holdings		77,051		16,832,562
McKesson Corp.		119,850		64,341,473
Molina Healthcare, Inc.(a)		52,858		21,715,652
Quest Diagnostics, Inc.		99,749		13,277,589
UnitedHealth Group, Inc.		842,620		416,844,114
Universal Health Services, Inc., Class B		55,227		10,076,718
				1,057,050,347
Health Care REITs — 0.2%
Healthpeak Properties, Inc.		637,471		11,952,581
Ventas, Inc.		365,990		15,935,205
Welltower, Inc.		504,218		47,114,130
				75,001,916
Hotel & Resort REITs — 0.0%
Host Hotels & Resorts, Inc.		632,439		13,078,838
Hotels, Restaurants & Leisure — 2.0%
Airbnb, Inc., Class A(a)(b)		396,798		65,455,798
Booking Holdings, Inc.		31,785		115,312,166
Caesars Entertainment, Inc.(a)		195,763		8,562,674
Carnival Corp.(a)		919,370		15,022,506
Chipotle Mexican Grill, Inc.(a)		24,981		72,614,021
Darden Restaurants, Inc.		107,426		17,956,256
Domino’s Pizza, Inc.		32,072		15,935,935
Expedia Group, Inc.(a)		120,794		16,639,373
Hilton Worldwide Holdings, Inc.		231,525		49,386,598
Las Vegas Sands Corp.		337,660		17,457,022
Marriott International, Inc., Class A		224,748		56,706,168
McDonald’s Corp.		660,797		186,311,714
MGM Resorts International(a)		249,482		11,778,045
Norwegian Cruise Line Holdings Ltd.(a)(b)		390,053		8,163,809
Royal Caribbean Cruises Ltd.(a)		215,152		29,908,280
Starbucks Corp.		1,029,147		94,053,744
Wynn Resorts Ltd.		86,072		8,799,141
Yum! Brands, Inc.		255,995		35,493,707
				825,556,957
Household Durables — 0.4%
D.R. Horton, Inc.		272,475		44,835,761
Garmin Ltd.		139,444		20,759,028
Lennar Corp., Class A		224,375		38,588,013
Mohawk Industries, Inc.(a)		47,669		6,239,395
NVR, Inc.(a)		2,925		23,692,383
PulteGroup, Inc.		194,833		23,500,757
				157,615,337
Household Products — 1.2%
Church & Dwight Co., Inc.		222,396		23,198,127
Clorox Co.		112,479		17,221,660
Colgate-Palmolive Co.		750,104		67,546,865
Kimberly-Clark Corp.		307,470		39,771,244
Procter & Gamble Co.		2,143,636		347,804,941
				495,542,837

MASTER  PORTFOLIO  SCHEDULE  OF  INVESTMENTS 3

Schedule of Investments (unaudited) (continued)	S&P 500 Index Master Portfolio
March 31, 2024	(Percentages shown are based on Net Assets)

Security	Shares		Value
Independent Power and Renewable Electricity Producers — 0.0%
AES Corp.		618,995	$	11,098,580
Industrial Conglomerates — 0.4%
3M Co.		503,518		53,408,154
Honeywell International, Inc.		600,587		123,270,482
				176,678,636
Industrial REITs — 0.3%
Prologis, Inc.		841,751		109,612,815
Insurance — 2.1%
Aflac, Inc.		481,272		41,322,014
Allstate Corp.		239,141		41,373,784
American International Group, Inc.		639,568		49,995,031
Aon PLC, Class A		182,400		60,870,528
Arch Capital Group Ltd.(a)		337,061		31,157,919
Arthur J Gallagher & Co.		197,508		49,384,900
Assurant, Inc.		45,723		8,606,897
Brown & Brown, Inc.		214,181		18,749,405
Chubb Ltd.		369,207		95,672,610
Cincinnati Financial Corp.		142,935		17,748,239
Everest Group Ltd.		39,511		15,705,622
Globe Life, Inc.		77,281		8,993,190
Hartford Financial Services Group, Inc.		271,344		27,961,999
Loews Corp.		164,345		12,866,570
Marsh & McLennan Cos., Inc.		448,219		92,324,150
MetLife, Inc.		562,708		41,702,290
Principal Financial Group, Inc.		197,638		17,058,136
Progressive Corp.		533,217		110,279,940
Prudential Financial, Inc.		328,876		38,610,042
Travelers Cos., Inc.		207,893		47,844,495
W.R. Berkley Corp.		185,511		16,406,593
Willis Towers Watson PLC		93,413		25,688,575
				870,322,929
Interactive Media & Services — 6.1%
Alphabet, Inc., Class A(a)		5,368,607		810,283,855
Alphabet, Inc., Class C(a)		4,494,735		684,368,351
Match Group, Inc.(a)(b)		247,150		8,966,602
Meta Platforms, Inc., Class A		2,004,276		973,236,340
				2,476,855,148
IT Services — 1.1%
Accenture PLC, Class A		571,199		197,983,285
Akamai Technologies, Inc.(a)		138,645		15,079,030
Cognizant Technology Solutions Corp., Class A		453,987		33,272,707
EPAM Systems, Inc.(a)		52,795		14,579,867
Gartner, Inc.(a)		71,013		33,849,767
International Business Machines Corp.		833,591		159,182,537
VeriSign, Inc.(a)		79,744		15,112,286
				469,059,479
Leisure Products — 0.0%
Hasbro, Inc.		115,908		6,551,120
Life Sciences Tools & Services — 1.4%
Agilent Technologies, Inc.		266,964		38,845,932
Bio-Rad Laboratories, Inc., Class A(a)		18,560		6,419,347
Bio-Techne Corp.		143,745		10,118,211
Charles River Laboratories International, Inc.(a)		46,572		12,618,684
Danaher Corp.		599,124		149,613,245
Illumina, Inc.(a)		144,669		19,865,947
IQVIA Holdings, Inc.(a)		166,452		42,094,046
Mettler-Toledo International, Inc.(a)		19,453		25,897,584
Revvity, Inc.		113,906		11,960,130

Security	Shares		Value
Life Sciences Tools & Services (continued)
Thermo Fisher Scientific, Inc.		351,990	$	204,580,108
Waters Corp.(a)		53,696		18,483,774
West Pharmaceutical Services, Inc.		67,761		26,813,705
				567,310,713
Machinery — 1.8%
Caterpillar, Inc.		463,784		169,944,371
Cummins, Inc.		129,182		38,063,476
Deere & Co.		241,246		99,089,382
Dover Corp.		126,667		22,444,126
Fortive Corp.		318,222		27,373,456
IDEX Corp.		68,890		16,810,538
Illinois Tool Works, Inc.		247,712		66,468,561
Ingersoll Rand, Inc.		368,776		35,015,281
Nordson Corp.		49,512		13,593,025
Otis Worldwide Corp.		370,057		36,735,558
PACCAR, Inc.		476,530		59,037,302
Parker-Hannifin Corp.		116,984		65,018,537
Pentair PLC		150,590		12,866,410
Snap-on, Inc.		48,369		14,327,865
Stanley Black & Decker, Inc.		137,687		13,483,688
Westinghouse Air Brake Technologies Corp.		161,969		23,595,644
Xylem, Inc./New York		220,161		28,453,608
				742,320,828
Media — 0.6%
Charter Communications, Inc., Class A(a)(b)		90,255		26,230,811
Comcast Corp., Class A		3,616,906		156,792,875
Fox Corp., Class A		225,462		7,050,197
Fox Corp., Class B		113,463		3,247,311
Interpublic Group of Cos., Inc.		342,111		11,163,082
News Corp., Class A		352,103		9,218,056
News Corp., Class B		99,061		2,680,591
Omnicom Group, Inc.		179,967		17,413,607
Paramount Global, Class B		428,569		5,044,257
				238,840,787
Metals & Mining — 0.4%
Freeport-McMoRan, Inc.		1,306,374		61,425,706
Newmont Corp.		1,042,191		37,352,125
Nucor Corp.		223,963		44,322,278
Steel Dynamics, Inc.		138,383		20,512,512
				163,612,621
Multi-Utilities — 0.6%
Ameren Corp.		241,803		17,883,750
CenterPoint Energy, Inc.		574,664		16,372,177
CMS Energy Corp.		268,243		16,185,783
Consolidated Edison, Inc.		315,250		28,627,853
Dominion Energy, Inc.		762,334		37,499,209
DTE Energy Co.		189,695		21,272,397
NiSource, Inc.		375,478		10,385,722
Public Service Enterprise Group, Inc.		449,986		30,050,065
Sempra		573,327		41,182,078
WEC Energy Group, Inc.		285,359		23,433,681
				242,892,715
Office REITs — 0.1%
Alexandria Real Estate Equities, Inc.		144,267		18,597,459
Boston Properties, Inc.		129,325		8,446,216
				27,043,675
Oil, Gas & Consumable Fuels — 3.6%
APA Corp.		273,082		9,388,559
Chevron Corp.		1,581,285		249,431,896

4

Schedule of Investments (unaudited) (continued)	S&P 500 Index Master Portfolio
March 31, 2024	(Percentages shown are based on Net Assets)

Security	Shares		Value
Oil, Gas & Consumable Fuels (continued)
ConocoPhillips		1,073,268	$	136,605,551
Coterra Energy, Inc.		688,272		19,189,023
Devon Energy Corp.		585,780		29,394,440
Diamondback Energy, Inc.		161,242		31,953,327
EOG Resources, Inc.		531,258		67,916,023
EQT Corp.		367,959		13,640,240
Exxon Mobil Corp.		3,617,638		420,514,241
Hess Corp.		248,994		38,006,444
Kinder Morgan, Inc.		1,745,529		32,013,002
Marathon Oil Corp.		538,304		15,255,535
Marathon Petroleum Corp.		341,995		68,911,993
Occidental Petroleum Corp.		596,455		38,763,611
ONEOK, Inc.		530,712		42,547,181
Phillips 66		396,271		64,726,905
Pioneer Natural Resources Co.		212,834		55,868,925
Targa Resources Corp.		203,134		22,748,977
Valero Energy Corp.		310,157		52,940,698
Williams Cos., Inc.		1,108,248		43,188,425
				1,453,004,996
Passenger Airlines — 0.2%
American Airlines Group, Inc.(a)		607,371		9,323,145
Delta Air Lines, Inc.		582,275		27,873,504
Southwest Airlines Co.		541,657		15,810,968
United Airlines Holdings, Inc.(a)		300,611		14,393,255
				67,400,872
Personal Care Products — 0.2%
Estee Lauder Cos., Inc., Class A		212,203		32,711,093
Kenvue, Inc.		1,571,772		33,730,227
				66,441,320
Pharmaceuticals — 3.8%
Bristol-Myers Squibb Co.		1,853,694		100,525,826
Catalent, Inc.(a)		166,228		9,383,571
Eli Lilly & Co.		726,459		565,156,044
Johnson & Johnson		2,193,066		346,921,111
Merck & Co., Inc.		2,308,531		304,610,665
Pfizer, Inc.		5,143,963		142,744,973
Viatris, Inc.		1,088,195		12,993,048
Zoetis, Inc., Class A		418,259		70,773,605
				1,553,108,843
Professional Services — 0.7%
Automatic Data Processing, Inc.		374,236		93,461,699
Broadridge Financial Solutions, Inc.		107,292		21,979,839
Dayforce, Inc.(a)(b)		141,926		9,396,920
Equifax, Inc.		112,328		30,049,987
Jacobs Solutions, Inc.		114,541		17,608,388
Leidos Holdings, Inc.		125,411		16,440,128
Paychex, Inc.		291,745		35,826,286
Paycom Software, Inc.		44,828		8,921,220
Robert Half, Inc.		94,394		7,483,556
Verisk Analytics, Inc.		132,274		31,180,950
				272,348,973
Real Estate Management & Development(a) — 0.2%
CBRE Group, Inc., Class A		274,671		26,709,008
CoStar Group, Inc.		372,321		35,966,209
				62,675,217
Residential REITs — 0.3%
AvalonBay Communities, Inc.		128,498		23,844,089
Camden Property Trust		98,667		9,708,833
Equity Residential		312,352		19,712,535

Security	Shares		Value
Residential REITs (continued)
Essex Property Trust, Inc.		58,653	$	14,358,841
Invitation Homes, Inc.		522,843		18,618,439
Mid-America Apartment Communities, Inc.		105,550		13,888,269
UDR, Inc.		279,735		10,464,886
				110,595,892
Retail REITs — 0.3%
Federal Realty Investment Trust		66,889		6,830,705
Kimco Realty Corp.		615,032		12,060,778
Realty Income Corp.		758,262		41,021,974
Regency Centers Corp.		146,221		8,855,144
Simon Property Group, Inc.		296,911		46,463,602
				115,232,203
Semiconductors & Semiconductor Equipment — 10.1%
Advanced Micro Devices, Inc.(a)		1,472,005		265,682,182
Analog Devices, Inc.		451,717		89,345,105
Applied Materials, Inc.		758,020		156,326,465
Broadcom, Inc.		400,894		531,348,917
Enphase Energy, Inc.(a)(b)		124,399		15,049,791
First Solar, Inc.(a)(b)		97,425		16,445,340
Intel Corp.		3,851,769		170,132,637
KLA Corp.		123,200		86,063,824
Lam Research Corp.		119,437		116,041,406
Microchip Technology, Inc.		492,864		44,214,829
Micron Technology, Inc.		1,005,677		118,559,261
Monolithic Power Systems, Inc.		43,754		29,639,835
NVIDIA Corp.		2,250,205		2,033,195,230
NXP Semiconductors NV		232,411		57,584,473
ON Semiconductor Corp.(a)		390,191		28,698,548
Qorvo, Inc.(a)		87,017		9,992,162
QUALCOMM, Inc.		1,016,692		172,125,956
Skyworks Solutions, Inc.		145,968		15,811,254
Teradyne, Inc.(b)		140,558		15,859,159
Texas Instruments, Inc.		828,374		144,311,035
				4,116,427,409
Software — 10.5%
Adobe, Inc.(a)		411,778		207,783,179
ANSYS, Inc.(a)		79,482		27,592,971
Autodesk, Inc.(a)		194,880		50,750,650
Cadence Design Systems, Inc.(a)		247,852		77,151,371
Fair Isaac Corp.(a)		22,692		28,356,150
Fortinet, Inc.(a)		580,649		39,664,133
Gen Digital, Inc.		517,980		11,602,752
Intuit, Inc.		255,026		165,766,900
Microsoft Corp.		6,769,234		2,847,952,128
Oracle Corp.		1,452,498		182,448,274
Palo Alto Networks, Inc.(a)(b)		287,243		81,614,354
PTC, Inc.(a)		109,677		20,722,372
Roper Technologies, Inc.		97,316		54,578,705
Salesforce, Inc.		881,862		265,599,197
ServiceNow, Inc.(a)		186,758		142,384,299
Synopsys, Inc.(a)		138,949		79,409,353
Tyler Technologies, Inc.(a)		37,958		16,132,530
				4,299,509,318
Specialized REITs — 1.0%
American Tower Corp.		424,683		83,913,114
Crown Castle, Inc.		395,534		41,859,363
Digital Realty Trust, Inc.		275,903		39,741,068
Equinix, Inc.		85,529		70,589,649
Extra Space Storage, Inc.		193,116		28,388,052
Iron Mountain, Inc.		264,952		21,251,800

MASTER  PORTFOLIO  SCHEDULE  OF  INVESTMENTS 5

Schedule of Investments (unaudited) (continued)	S&P 500 Index Master Portfolio
March 31, 2024	(Percentages shown are based on Net Assets)

Security	Shares		Value
Specialized REITs (continued)
Public Storage		144,264	$	41,845,216
SBA Communications Corp.		98,287		21,298,793
VICI Properties, Inc.		942,473		28,076,271
Weyerhaeuser Co.		661,169		23,742,579
				400,705,905
Specialty Retail — 2.0%
AutoZone, Inc.(a)		15,928		50,199,481
Bath & Body Works, Inc.		206,353		10,321,777
Best Buy Co., Inc.		172,602		14,158,542
CarMax, Inc.(a)(b)		145,430		12,668,407
Home Depot, Inc.		906,698		347,809,353
Lowe’s Cos., Inc.		523,936		133,462,217
O’Reilly Automotive, Inc.(a)		53,816		60,751,806
Ross Stores, Inc.		305,227		44,795,115
TJX Cos., Inc.		1,038,262		105,300,532
Tractor Supply Co.		98,493		25,777,588
Ulta Beauty, Inc.(a)		44,285		23,155,741
				828,400,559
Technology Hardware, Storage & Peripherals — 5.9%
Apple, Inc.		13,223,708		2,267,601,448
Hewlett Packard Enterprise Co.		1,184,319		20,997,976
HP, Inc.		795,353		24,035,568
NetApp, Inc.		187,362		19,667,389
Seagate Technology Holdings PLC		179,485		16,701,079
Super Micro Computer, Inc.(a)		44,332		44,776,650
Western Digital Corp.(a)		297,873		20,326,853
				2,414,106,963
Textiles, Apparel & Luxury Goods — 0.5%
Deckers Outdoor Corp.(a)		23,384		22,010,424
Lululemon Athletica, Inc.(a)		104,615		40,867,849
NIKE, Inc., Class B		1,108,909		104,215,268
Ralph Lauren Corp., Class A		36,888		6,926,091
Tapestry, Inc.		209,561		9,949,956
VF Corp.		306,529		4,702,155
				188,671,743
Tobacco — 0.5%
Altria Group, Inc.		1,606,539		70,077,231
Philip Morris International, Inc.		1,414,311		129,579,174
				199,656,405
Trading Companies & Distributors — 0.3%
Fastenal Co.		521,312		40,214,008

Security	Shares		Value
Trading Companies & Distributors (continued)
United Rentals, Inc.		61,265	$	44,178,804
WW Grainger, Inc.		39,920		40,610,616
				125,003,428
Water Utilities — 0.0%
American Water Works Co., Inc.		176,107		21,522,036
Wireless Telecommunication Services — 0.2%
T-Mobile U.S., Inc.		475,752		77,652,241
Total Common Stocks — 98.5% (Cost: $15,399,009,719)				40,153,577,716
Investment Companies
Equity Funds — 1.0%
iShares Core S&P 500 ETF(c)(d)		803,980		422,676,405
Total Investment Companies — 1.0% (Cost: $362,565,269)				422,676,405
Total Long-Term Investments — 99.5% (Cost: $15,761,574,988)				40,576,254,121
Short-Term Securities
Money Market Funds — 0.6%
BlackRock Cash Funds: Institutional, SL Agency Shares, 5.50%(c)(d)(e)		69,971,123		69,999,112
BlackRock Cash Funds: Treasury, SL Agency Shares, 5.29%(c)(d)		169,271,014		169,271,014
Total Short-Term Securities — 0.6% (Cost: $239,210,263)				239,270,126
Total Investments — 100.1% (Cost: $16,000,785,251)				40,815,524,247
Liabilities in Excess of Other Assets — (0.1)%				(55,881,855	)
Net Assets — 100.0%			$	40,759,642,392

^(a)  Non-income producing security.

^(b)  All or a portion of this security is on loan.

^(c)  Affiliate of the Master Portfolio.

^(d)  Annualized 7-day yield as of period end.

^(e)  All or a portion of this security was purchased with the cash collateral from loaned securities.

For purposes of this report, industry and sector sub-classifications may differ from those utilized by the Master Portfolio for compliance purposes.

6

Schedule of Investments (unaudited) (continued)	S&P 500 Index Master Portfolio
March 31, 2024

Affiliates

Investments in issuers considered to be affiliate(s) of the Master Portfolio during the period ended March 31, 2024 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

Affiliated Issuer	Value at 12/31/23		Purchases at Cost			Proceeds from Sales			Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)			Value at 03/31/24		Shares Held at 03/31/24		Income			Capital  Gain Distributions from Underlying Funds
BlackRock Cash Funds: Institutional, SL Agency Shares	$	213,530,225	$	—		$	(143,489,605	)(a)	$	9,083	$	(50,591	)	$	69,999,112		69,971,123	$	156,354	(b)	$	—
BlackRock Cash Funds: Treasury, SL Agency Shares		84,851,864		84,419,150	(a)		—			—		—			169,271,014		169,271,014		2,627,690			—
BlackRock, Inc.		101,130,797		2,246,657			—			—		2,829,256			106,206,710		127,392		642,350			—
iShares Core S&P 500 ETF		229,277,684		922,979,721			(766,366,781	)		12,428,928		24,356,853			422,676,405		803,980		942,464			—
									$	12,438,011	$	27,135,518		$	768,153,241			$	4,368,858		$	—

^(a) Represents net amount purchased (sold).

^(b)  All or a portion represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of fees and collateral investment expenses, and other payments to and from borrowers of securities.

Derivative Financial Instruments Outstanding as of Period End

Futures Contracts

Description	Number of Contracts		Expiration Date		Notional Amount (000)		Value/ Unrealized Appreciation (Depreciation)
Long Contracts S&P 500 E-Mini Index		509		06/21/24	$	135,101	$	3,043,445

Fair Value Hierarchy as of Period End

Various inputs are used in determining the fair value of financial instruments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

• Level 1 – Unadjusted price quotations in active markets/exchanges for identical assets or liabilities that the Master Portfolio has the ability to access;

• Level 2 – Other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market–corroborated inputs); and

• Level 3 – Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Valuation Committee’s assumptions used in determining the fair value of financial instruments).

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Master Portfolio’s policy regarding valuation of financial instruments, refer to its most recent financial statements.

MASTER  PORTFOLIO  SCHEDULE  OF  INVESTMENTS 7

Schedule of Investments (unaudited) (continued)	S&P 500 Index Master Portfolio
March 31, 2024

Fair Value Hierarchy as of Period End (continued)

The following table summarizes the Master Portfolio’s financial instruments categorized in the fair value hierarchy. The breakdown of the Master Portfolio’s financial instruments into major categories is disclosed in the Schedule of Investments above.

	Level 1		Level 2		Level 3		Total
Assets
Investments
Long-Term Investments
Common Stocks	$	40,153,577,716	$	—	$	—	$	40,153,577,716
Investment Companies		422,676,405		—		—		422,676,405
Short-Term Securities
Money Market Funds		239,270,126		—		—		239,270,126
	$	40,815,524,247	$	—	$	—	$	40,815,524,247
Derivative Financial Instruments(a)
Assets
Equity Contracts	$	3,043,445	$	—	$	—	$	3,043,445

^(a) Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument.

Portfolio Abbreviation

ETF	Exchange-Traded Fund
MSCI	Morgan Stanley Capital International
S&P	Standard & Poor’s

8