Transamerica Asset Allocation – Conservative Portfolio

SCHEDULE OF INVESTMENTS

At July 31, 2019

(unaudited)

	Shares		Value
INVESTMENT COMPANIES - 100.1%
International Alternative Funds - 1.0%
Transamerica Global Allocation Liquidating Trust (A) (B) (C) (D)		1,340		$  4,606
Transamerica Global Multifactor Macro (A) (B)		852,309		7,841,241
				7,845,847
International Equity Funds - 12.0%
Transamerica Emerging Markets Equity (B)		3,350,851		32,536,766
Transamerica International Equity (B)		2,015,461		33,980,672
Transamerica International Growth (B)		2,901,616		20,688,519
Transamerica International Small Cap Value (B)		631,558		7,465,010
				94,670,967
International Fixed Income Funds - 8.1%
Transamerica Emerging Markets Debt (B)		2,713,086		29,192,803
Transamerica Inflation Opportunities (B)		3,371,957		34,495,123
				63,687,926
U.S. Alternative Funds - 3.8%
Transamerica Event Driven (B)		1,120,224		11,840,767
Transamerica Managed Futures Strategy (A) (B)		2,346,122		17,924,375
				29,765,142
U.S. Equity Funds - 16.1%
Transamerica Capital Growth (B)		783,691		11,919,946
Transamerica Concentrated Growth (B)		580,427		10,459,291
Transamerica Dividend Focused (B)		3,203,420		29,887,912
Transamerica Growth (B)		1,501,764		12,404,567
Transamerica Large Cap Value (B)		2,053,999		23,251,265
Transamerica Mid Cap Value (B)		414,567		5,327,191

	Shares		Value
INVESTMENT COMPANIES (continued)
U.S. Equity Funds (continued)
Transamerica Mid Cap Value Opportunities (B)		214,906		$   2,510,108
Transamerica Multi-Cap Growth (B)		1,360,939		11,350,232
Transamerica Small Cap Core (B)		246,121		2,392,297
Transamerica Small Cap Growth (B)		231,460		1,634,107
Transamerica Small Cap Value (B)		241,697		2,368,630
Transamerica Small Company Growth Liquidating Trust (A) (B) (C) (D)		1,529		951
Transamerica US Growth (B)		579,655		12,862,552
				126,369,049
U.S. Fixed Income Funds - 57.0%
Transamerica Bond (B)		1,781,699		16,641,070
Transamerica Core Bond (B)		10,912,661		110,217,878
Transamerica Floating Rate (B)		882,533		8,640,002
Transamerica Intermediate Bond (B)		7,351,049		75,936,333
Transamerica Short-Term Bond (B)		6,232,420		62,635,819
Transamerica Total Return (B)		16,706,936		173,585,060
				447,656,162
U.S. Mixed Allocation Fund - 2.1%
Transamerica MLP & Energy Income (B)		2,360,945		16,266,909
Total Investment Companies (Cost $759,367,127)				786,262,002
Total Investments (Cost $759,367,127)				786,262,002
Net Other Assets (Liabilities) - (0.1)%				(755,815	)
Net Assets - 100.0%				$  785,506,187

SECURITY VALUATION:

Valuation Inputs ^(E)

	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Investment Companies	$	786,256,445	$	—	$	—	$	786,256,445
Total	$	786,256,445	$	—	$	—	$	786,256,445
Investment Companies Measured at Net Asset Value (D)								5,557
Total Investments							$	786,262,002

The notes are an integral part of this report. Transamerica Funds Page    1

Transamerica Asset Allocation – Conservative Portfolio

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	Non-income producing securities.
(B)	Affiliated investment in the Class I2 shares, and liquidating trusts of Transamerica Funds. The Fund’s transactions and earnings are as follows:

Affiliated Investments	Value October 31, 2018		Purchases at Cost		Proceeds from Sales			Net Realized Gain (Loss)			Net Change in Unrealized Appreciation (Depreciation)			Value July 31, 2019		Shares as of July 31, 2019		Dividend Income		Net Capital Gain Distributions
Transamerica Bond	$	18,334,771	$	604,236	$	(3,005,241	)	$	(80,281	)	$	787,585		$	16,641,070		1,781,699	$	504,188	$	—
Transamerica Capital Growth		11,800,661		1,045,767		(2,051,998	)		225,942			899,574			11,919,946		783,691		951,060		—
Transamerica Concentrated Growth		11,097,209		1,225,938		(1,935,573	)		63,850			7,867			10,459,291		580,427		1,168,452		—
Transamerica Core Bond		119,416,182		3,150,146		(19,457,604	)		(925,634	)		8,034,788			110,217,878		10,912,661		2,572,255		—
Transamerica Dividend Focused		34,133,665		5,248,708		(5,995,910	)		(2,053,338	)		(1,445,213	)		29,887,912		3,203,420		5,070,630		—
Transamerica Emerging Markets Debt		30,789,931		1,012,547		(5,185,635	)		(154,603	)		2,730,563			29,192,803		2,713,086		861,700		—
Transamerica Emerging Markets Equity		36,919,787		595,546		(6,461,614	)		(1,186,714	)		2,669,761			32,536,766		3,350,851		403,635		—
Transamerica Event Driven		13,351,364		311,437		(2,226,637	)		(52,116	)		456,719			11,840,767		1,120,224		245,306		—
Transamerica Floating Rate		21,441,112		540,893		(13,217,456	)		(205,514	)		80,967			8,640,002		882,533		416,860		—
Transamerica Global Allocation Liquidating Trust		39,784		—		(33,763	)		(33,642	)		32,227			4,606		1,340		—		—
Transamerica Global Multifactor Macro		9,586,065		46,249		(1,557,189	)		(152,135	)		(81,749	)		7,841,241		852,309		—		—
Transamerica Growth		13,165,192		3,988,382		(2,343,063	)		(572,920	)		(1,833,024	)		12,404,567		1,501,764		3,918,793		—
Transamerica Inflation Opportunities		37,923,449		723,241		(6,228,761	)		(171,853	)		2,249,047			34,495,123		3,371,957		538,247		—
Transamerica Intermediate Bond		82,340,243		2,099,894		(13,447,140	)		(366,276	)		5,309,612			75,936,333		7,351,049		1,700,514		—
Transamerica International Equity		40,374,544		2,159,563		(7,072,847	)		(1,011,880	)		(468,708	)		33,980,672		2,015,461		1,949,500		—
Transamerica International Growth		22,737,286		3,585,608		(4,002,126	)		(1,144,009	)		(488,240	)		20,688,519		2,901,616		3,466,745		—
Transamerica International Small Cap Value		8,760,960		666,971		(1,557,191	)		(162,003	)		(243,727	)		7,465,010		631,558		620,722		—
Transamerica Large Cap Value		26,737,882		2,837,238		(4,758,890	)		(447,454	)		(1,117,511	)		23,251,265		2,053,999		2,695,899		—
Transamerica Managed Futures Strategy		20,965,566		106,761		(3,594,636	)		(1,360,014	)		1,806,698			17,924,375		2,346,122		—		—
Transamerica Mid Cap Value		5,842,732		1,256,037		(1,018,722	)		(69,703	)		(683,153	)		5,327,191		414,567		1,225,781		—
Transamerica Mid Cap Value Opportunities		2,732,538		213,814		(465,702	)		(493	)		29,951			2,510,108		214,906		199,982		—
Transamerica MLP & Energy Income		18,790,680		809,167		(3,956,125	)		(234,798	)		857,985			16,266,909		2,360,945		709,754		—
Transamerica Multi-Cap Growth		12,181,552		1,111,909		(2,124,764	)		(8,576	)		190,111			11,350,232		1,360,939		645,844		402,959
Transamerica Short-Term Bond		59,804,269		10,923,520		(9,262,867	)		63,073			1,107,824			62,635,819		6,232,420		1,404,811		—
Transamerica Small Cap Core		3,096,054		282,892		(538,467	)		(38,133	)		(410,049	)		2,392,297		246,121		266,900		—
Transamerica Small Cap Growth		1,707,455		161,637		(305,617	)		(92,289	)		162,921			1,634,107		231,460		152,560		—
Transamerica Small Cap Value		2,820,328		255,867		(494,808	)		9,369			(222,126	)		2,368,630		241,697		241,172		—
Transamerica Small Company Growth Liquidating Trust		951		—		—			—			—			951		1,529		—		—
Transamerica Total Return		190,183,890		4,512,421		(30,896,404	)		(312,825	)		10,097,978			173,585,060		16,706,936		3,594,797		—
Transamerica US Growth		13,137,884		1,336,274		(2,328,509	)		176,561			540,342			12,862,552		579,655		1,267,117		—
Total	$	870,213,986	$	50,812,663	$	(155,525,259	)	$	(10,298,408	)	$	31,059,020		$	786,262,002		76,946,942	$	36,793,224	$	402,959

The notes are an integral part of this report. Transamerica Funds Page    2

Transamerica Asset Allocation – Conservative Portfolio

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

FOOTNOTES TO SCHEDULE OF INVESTMENTS (continued):

(C) Restricted securities. At July 31, 2019, the value of such securities held by the Fund are as follows:

Investments	Description	Acquisition Date		Acquisition Cost		Value		Value as Percentage of Net Assets
Investment Companies	Transamerica Global Allocation Liquidating Trust		07/31/2014	$	13,784	$	4,606		0.0	%(F)
Investment Companies	Transamerica Small Company Growth Liquidating Trust		10/26/2012		15,291		951		0.0	(F)
Total				$	29,075	$	5,557		0.0	%(F)

(D)	Certain investments are measured at fair value using the net asset value per share, or its equivalent, practical expedient and have not been classified in the fair value levels. The fair value amount presented is intended to permit reconciliation to the Total Investments amount presented within the Schedule of Investments.
(E)	There were no transfers in or out of Level 3 during the period ended July 31, 2019. Please reference the Security Valuation section of the Notes to Schedules of Investments for more information regarding security valuation and pricing inputs.
(F)	Percentage rounds to less than 0.1% or (0.1)%.

The notes are an integral part of this report. Transamerica Funds Page    3

Transamerica Asset Allocation – Growth Portfolio

SCHEDULE OF INVESTMENTS

At July 31, 2019

(unaudited)

	Shares		Value
INVESTMENT COMPANIES - 100.1%
International Alternative Funds - 1.7%
Transamerica Global Allocation Liquidating Trust (A) (B) (C) (D)		874		$  3,006
Transamerica Global Multifactor Macro (A) (B)		2,243,780		20,642,776
				20,645,782
International Equity Funds - 37.8%
Transamerica Emerging Markets Equity (B)		14,389,991		139,726,808
Transamerica Global Real Estate Securities (B)		267,858		3,857,151
Transamerica International Equity (B)		9,124,744		153,843,181
Transamerica International Growth (B)		15,139,090		107,941,714
Transamerica International Small Cap Value (B)		3,307,426		39,093,776
				444,462,630
U.S. Alternative Funds - 5.0%
Transamerica Event Driven (B)		2,596,624		27,446,321
Transamerica Managed Futures Strategy (A) (B)		4,101,412		31,334,789
				58,781,110
U.S. Equity Funds - 50.2%
Transamerica Capital Growth (B)		3,402,888		51,757,931
Transamerica Concentrated Growth (B)		2,533,815		45,659,354
Transamerica Dividend Focused (B)		14,007,987		130,694,515
Transamerica Growth (B)		6,592,314		54,452,516

	Shares		Value
INVESTMENT COMPANIES (continued)
U.S. Equity Funds (continued)
Transamerica Large Cap Value (B)		9,071,384		$   102,688,067
Transamerica Mid Cap Value (B)		3,472,492		44,621,518
Transamerica Mid Cap Value Opportunities (B)		1,599,480		18,681,928
Transamerica Multi-Cap Growth (B)		5,875,075		48,998,128
Transamerica Small Cap Core (B)		217,588		2,114,958
Transamerica Small Cap Growth (B)		1,866,741		13,179,191
Transamerica Small Cap Value (B)		2,300,380		22,543,720
Transamerica Small Company Growth Liquidating Trust (A) (B) (C) (D)		5,111		3,180
Transamerica US Growth (B)		2,527,282		56,080,394
				591,475,400
U.S. Mixed Allocation Fund - 5.4%
Transamerica MLP & Energy Income (B)		9,164,145		63,140,956
Total Investment Companies (Cost $1,104,845,453)				1,178,505,878
Total Investments (Cost $1,104,845,453)				1,178,505,878
Net Other Assets (Liabilities) - (0.1)%				(1,357,118	)
Net Assets - 100.0%				$  1,177,148,760

SECURITY VALUATION:

Valuation Inputs ^(E)

	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Investment Companies	$	1,178,499,692	$	—	$	—	$	1,178,499,692
Total	$	1,178,499,692	$	—	$	—	$	1,178,499,692
Investment Companies Measured at Net Asset Value (D)								6,186
Total Investments							$	1,178,505,878

The notes are an integral part of this report. Transamerica Funds Page    1

Transamerica Asset Allocation – Growth Portfolio

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	Non-income producing securities.
(B)	Affiliated investment in the Class I2 shares, and liquidating trusts of Transamerica Funds. The Fund’s transactions and earnings are as follows:

Affiliated Investments	Value October 31, 2018		Purchases at Cost		Proceeds from Sales			Net Realized Gain (Loss)			Net Change in Unrealized Appreciation (Depreciation)			Value July 31, 2019		Shares as of July 31, 2019		Dividend Income		Net Capital Gain Distributions
Transamerica Capital Growth	$	50,177,675	$	4,141,499	$	(7,380,022	)	$	588,246		$	4,230,533		$	51,757,931		3,402,888	$	4,119,469	$	—
Transamerica Concentrated Growth		47,240,061		5,066,926		(6,941,416	)		(105,508	)		399,291			45,659,354		2,533,815		5,066,926		—
Transamerica Dividend Focused		145,438,423		22,012,888		(21,530,017	)		(3,247,045	)		(11,979,734	)		130,694,515		14,007,987		22,012,702		—
Transamerica Emerging Markets Equity		154,599,267		1,721,269		(22,845,651	)		(4,073,454	)		10,325,377			139,726,808		14,389,991		1,721,269		—
Transamerica Event Driven		30,204,094		564,839		(4,252,572	)		(148,260	)		1,078,220			27,446,321		2,596,624		564,839		—
Transamerica Global Allocation Liquidating Trust		25,959		—		(22,030	)		(21,951	)		21,028			3,006		874		—		—
Transamerica Global Multifactor Macro		24,625,316		—		(3,375,358	)		(286,435	)		(320,747	)		20,642,776		2,243,780		—		—
Transamerica Global Real Estate Securities		3,917,377		101,833		(553,024	)		112,836			278,129			3,857,151		267,858		101,833		—
Transamerica Growth		56,326,041		17,089,222		(8,447,932	)		(2,720,348	)		(7,794,467	)		54,452,516		6,592,314		17,089,222		—
Transamerica International Equity		178,038,775		8,759,514		(26,259,148	)		(4,904,483	)		(1,791,477	)		153,843,181		9,124,744		8,759,514		—
Transamerica International Growth		115,622,231		17,965,151		(17,162,843	)		(5,325,401	)		(3,157,424	)		107,941,714		15,139,090		17,965,151		—
Transamerica International Small Cap Value		44,635,814		3,223,828		(6,655,369	)		(1,400,604	)		(709,893	)		39,093,776		3,307,426		3,223,828		—
Transamerica Large Cap Value		115,027,899		11,822,698		(17,277,395	)		(1,756,606	)		(5,128,529	)		102,688,067		9,071,384		11,822,564		—
Transamerica Managed Futures Strategy		35,696,267		—		(5,167,923	)		(1,804,767	)		2,611,212			31,334,789		4,101,412		—		—
Transamerica Mid Cap Value		47,737,586		10,200,680		(7,017,695	)		(1,468,423	)		(4,830,630	)		44,621,518		3,472,492		10,200,680		—
Transamerica Mid Cap Value Opportunities		19,879,753		1,480,810		(2,879,545	)		(112,060	)		312,970			18,681,928		1,599,480		1,480,810		—
Transamerica MLP & Energy Income		71,083,809		2,739,236		(13,211,950	)		(798,065	)		3,327,926			63,140,956		9,164,145		2,739,021		—
Transamerica Multi-Cap Growth		51,270,676		4,510,157		(7,551,651	)		(397,084	)		1,166,030			48,998,128		5,875,075		2,769,964		1,740,193
Transamerica Small Cap Core		2,655,646		233,356		(381,397	)		(46,292	)		(346,355	)		2,114,958		217,588		233,356		—
Transamerica Small Cap Growth		13,421,766		1,222,255		(2,021,400	)		(835,566	)		1,392,136			13,179,191		1,866,741		1,222,255		—
Transamerica Small Cap Value		26,239,680		2,285,323		(3,947,454	)		(313,773	)		(1,720,056	)		22,543,720		2,300,380		2,285,324		—
Transamerica Small Company Growth Liquidating Trust		3,178		—		—			—			2			3,180		5,111		—		—
Transamerica US Growth		55,883,666		5,492,516		(8,371,652	)		227,209			2,848,655			56,080,394		2,527,282		5,492,516		—
Total	$	1,289,750,959	$	120,634,000	$	(193,253,444	)	$	(28,837,834	)	$	(9,787,803	)	$	1,178,505,878		113,808,481	$	118,871,243	$	1,740,193

The notes are an integral part of this report. Transamerica Funds Page    2

Transamerica Asset Allocation – Growth Portfolio

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

FOOTNOTES TO SCHEDULE OF INVESTMENTS (continued):

(C) Restricted securities. At July 31, 2019, the value of such securities held by the Fund are as follows:

Investments	Description	Acquisition Date		Acquisition Cost		Value		Value as Percentage of Net Assets
Investment Companies	Transamerica Global Allocation Liquidating Trust		07/31/2014	$	8,994	$	3,006		0.0	%(F)
Investment Companies	Transamerica Small Company Growth Liquidating Trust		10/26/2012		51,111		3,180		0.0	(F)
Total				$	60,105	$	6,186		0.0	%(F)

(D)	Certain investments are measured at fair value using the net asset value per share, or its equivalent, practical expedient and have not been classified in the fair value levels. The fair value amount presented is intended to permit reconciliation to the Total Investments amount presented within the Schedule of Investments.
(E)	There were no transfers in or out of Level 3 during the period ended July 31, 2019. Please reference the Security Valuation section of the Notes to Schedules of Investments for more information regarding security valuation and pricing inputs.
(F)	Percentage rounds to less than 0.1% or (0.1)%.

The notes are an integral part of this report. Transamerica Funds Page    3

Transamerica Asset Allocation – Moderate Growth Portfolio

SCHEDULE OF INVESTMENTS

At July 31, 2019

(unaudited)

	Shares		Value
INVESTMENT COMPANIES - 100.1%
International Alternative Funds - 1.0%
Transamerica Global Allocation Liquidating Trust (A) (B) (C) (D)		5,843		$  20,091
Transamerica Global Multifactor Macro (A) (B)		2,190,242		20,150,227
				20,170,318
International Equity Funds - 26.7%
Transamerica Emerging Markets Equity (B)		17,003,771		165,106,620
Transamerica Global Real Estate Securities (B)		668,594		9,627,759
Transamerica International Equity (B)		11,720,048		197,600,001
Transamerica International Growth (B)		16,885,171		120,391,270
Transamerica International Small Cap Value (B)		4,060,540		47,995,579
				540,721,229
International Fixed Income Funds - 4.2%
Transamerica Emerging Markets Debt (B)		5,536,924		59,577,304
Transamerica Inflation Opportunities (B)		2,491,307		25,486,075
				85,063,379
U.S. Alternative Funds - 3.8%
Transamerica Event Driven (B)		2,894,030		30,589,893
Transamerica Managed Futures Strategy (A) (B)		6,125,741		46,800,662
				77,390,555
U.S. Equity Funds - 35.3%
Transamerica Capital Growth (B)		4,173,548		63,479,659
Transamerica Concentrated Growth (B)		3,096,909		55,806,302
Transamerica Dividend Focused (B)		17,125,281		159,778,870
Transamerica Growth (B)		8,064,430		66,612,191
Transamerica Large Cap Value (B)		11,075,716		125,377,100
Transamerica Mid Cap Value (B)		4,570,625		58,732,529

	Shares		Value
INVESTMENT COMPANIES (continued)
U.S. Equity Funds (continued)
Transamerica Mid Cap Value Opportunities (B)		2,234,966		$   26,104,397
Transamerica Multi-Cap Growth (B)		7,226,131		60,265,936
Transamerica Small Cap Core (B)		802,776		7,802,981
Transamerica Small Cap Growth (B)		1,270,809		8,971,908
Transamerica Small Cap Value (B)		1,554,443		15,233,540
Transamerica Small Company Growth Liquidating Trust (A) (B) (C) (D)		4,660		2,899
Transamerica US Growth (B)		3,088,826		68,541,055
				716,709,367
U.S. Fixed Income Funds - 24.9%
Transamerica Bond (B)		3,112,670		29,072,337
Transamerica Core Bond (B)		12,752,986		128,805,158
Transamerica Floating Rate (B)		1,543,344		15,109,342
Transamerica Intermediate Bond (B)		8,933,690		92,285,021
Transamerica Short-Term Bond (B)		5,245,632		52,718,606
Transamerica Total Return (B)		17,979,862		186,810,769
				504,801,233
U.S. Mixed Allocation Fund - 4.2%
Transamerica MLP & Energy Income (B)		12,364,412		85,190,799
Total Investment Companies (Cost $1,924,452,838)				2,030,046,880
Total Investments (Cost $1,924,452,838)				2,030,046,880
Net Other Assets (Liabilities) - (0.1)%				(1,986,351	)
Net Assets - 100.0%				$  2,028,060,529

SECURITY VALUATION:

Valuation Inputs ^(E)

	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Investment Companies	$	2,030,023,890	$	—	$	—	$	2,030,023,890
Total	$	2,030,023,890	$	—	$	—	$	2,030,023,890
Investment Companies Measured at Net Asset Value (D)								22,990
Total Investments							$	2,030,046,880

The notes are an integral part of this report. Transamerica Funds Page    1

Transamerica Asset Allocation – Moderate Growth Portfolio

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	Non-income producing securities.
(B)	Affiliated investment in the Class I2 shares, and liquidating trusts of Transamerica Funds. The Fund’s transactions and earnings are as follows:

Affiliated Investments	Value October 31, 2018		Purchases at Cost		Proceeds from Sales			Net Realized Gain (Loss)			Net Change in Unrealized Appreciation (Depreciation)			Value July 31, 2019		Shares as of July 31, 2019		Dividend Income		Net Capital Gain Distributions
Transamerica Bond	$	31,578,800	$	895,266	$	(4,632,393	)	$	(98,675	)	$	1,329,339		$	29,072,337		3,112,670	$	876,049	$	—
Transamerica Capital Growth		62,007,059		5,209,498		(9,684,218	)		(28,441	)		5,975,761			63,479,659		4,173,548		5,062,238		—
Transamerica Concentrated Growth		58,280,579		6,217,425		(9,068,261	)		(603,155	)		979,714			55,806,302		3,096,909		6,217,425		—
Transamerica Core Bond		137,599,691		2,995,188		(20,053,077	)		(1,021,103	)		9,284,459			128,805,158		12,752,986		2,994,944		—
Transamerica Dividend Focused		179,554,057		27,026,743		(28,162,939	)		(5,021,159	)		(13,617,832	)		159,778,870		17,125,281		27,026,744		—
Transamerica Emerging Markets Debt		61,973,621		1,755,404		(9,341,861	)		(257,971	)		5,448,111			59,577,304		5,536,924		1,755,404		—
Transamerica Emerging Markets Equity		184,451,516		2,042,539		(28,881,556	)		(5,103,031	)		12,597,152			165,106,620		17,003,771		2,042,538		—
Transamerica Event Driven		33,980,514		632,131		(5,064,538	)		(154,306	)		1,196,092			30,589,893		2,894,030		632,131		—
Transamerica Floating Rate		36,254,330		726,818		(21,657,731	)		(297,068	)		82,993			15,109,342		1,543,344		717,783		—
Transamerica Global Allocation Liquidating Trust		173,521		—		(147,260	)		(146,733	)		140,563			20,091		5,843		—		—
Transamerica Global Multifactor Macro		24,271,226		—		(3,524,644	)		(280,023	)		(316,332	)		20,150,227		2,190,242		—		—
Transamerica Global Real Estate Securities		9,861,122		254,952		(1,471,454	)		186,521			796,618			9,627,759		668,594		254,951		—
Transamerica Growth		69,571,034		20,989,334		(11,053,012	)		(3,931,956	)		(8,963,209	)		66,612,191		8,064,430		20,989,333		—
Transamerica Inflation Opportunities		27,633,786		396,498		(4,072,163	)		(74,458	)		1,602,412			25,486,075		2,491,307		396,498		—
Transamerica Intermediate Bond		98,656,405		2,058,570		(14,406,558	)		(214,855	)		6,191,459			92,285,021		8,933,690		2,058,570		—
Transamerica International Equity		230,971,015		11,301,600		(36,101,946	)		(6,516,059	)		(2,054,609	)		197,600,001		11,720,048		11,301,600		—
Transamerica International Growth		130,244,141		20,124,572		(20,497,692	)		(6,168,428	)		(3,311,323	)		120,391,270		16,885,171		20,124,572		—
Transamerica International Small Cap Value		55,370,463		3,976,760		(8,760,282	)		(1,580,564	)		(1,010,798	)		47,995,579		4,060,540		3,976,760		—
Transamerica Large Cap Value		141,854,876		14,497,104		(22,585,103	)		(3,097,663	)		(5,292,114	)		125,377,100		11,075,716		14,497,104		—
Transamerica Managed Futures Strategy		53,855,971		—		(8,246,983	)		(964,455	)		2,156,129			46,800,662		6,125,741		—		—
Transamerica Mid Cap Value		63,407,039		13,477,365		(9,855,318	)		(2,733,685	)		(5,562,872	)		58,732,529		4,570,625		13,477,364		—
Transamerica Mid Cap Value Opportunities		28,045,826		2,078,055		(4,311,701	)		(294,799	)		587,016			26,104,397		2,234,966		2,078,056		—
Transamerica MLP & Energy Income		96,882,471		3,709,388		(18,663,863	)		(1,172,017	)		4,434,820			85,190,799		12,364,412		3,708,339		—
Transamerica Multi-Cap Growth		63,662,872		5,562,210		(9,923,757	)		(690,957	)		1,655,568			60,265,936		7,226,131		3,420,593		2,141,617
Transamerica Short-Term Bond		40,047,984		16,776,473		(5,082,498	)		(51,620	)		1,028,267			52,718,606		5,245,632		1,153,893		—
Transamerica Small Cap Core		9,930,323		867,577		(1,539,893	)		(249,174	)		(1,205,852	)		7,802,981		802,776		867,577		—
Transamerica Small Cap Growth		9,224,759		835,482		(1,471,454	)		(584,686	)		967,807			8,971,908		1,270,809		835,482		—
Transamerica Small Cap Value		17,894,562		1,550,140		(2,840,248	)		(489,085	)		(881,829	)		15,233,540		1,554,443		1,550,140		—
Transamerica Small Company Growth Liquidating Trust		2,897		—		—			—			2			2,899		4,660		—		—
Transamerica Total Return		201,808,332		3,857,168		(29,326,622	)		(248,119	)		10,720,010			186,810,769		17,979,862		3,856,959		—
Transamerica US Growth		68,961,648		6,740,030		(10,950,353	)		(559,239	)		4,348,969			68,541,055		3,088,826		6,740,031		—
Total	$	2,228,012,440	$	176,554,290	$	(361,379,378	)	$	(42,446,963	)	$	29,306,491		$	2,030,046,880		195,803,927	$	158,613,078	$	2,141,617

The notes are an integral part of this report. Transamerica Funds Page    2

Transamerica Asset Allocation – Moderate Growth Portfolio

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

FOOTNOTES TO SCHEDULE OF INVESTMENTS (continued):

(C) Restricted securities. At July 31, 2019, the value of such securities held by the Fund are as follows:

Investments	Description	Acquisition Date		Acquisition Cost		Value		Value as Percentage of Net Assets
Investment Companies	Transamerica Global Allocation Liquidating Trust		07/31/2014	$	60,118	$	20,091		0.0	%(F)
Investment Companies	Transamerica Small Company Growth Liquidating Trust		10/26/2012		46,600		2,899		0.0	(F)
Total				$	106,718	$	22,990		0.0	%(F)

(D)	Certain investments are measured at fair value using the net asset value per share, or its equivalent, practical expedient and have not been classified in the fair value levels. The fair value amount presented is intended to permit reconciliation to the Total Investments amount presented within the Schedule of Investments.
(E)	There were no transfers in or out of Level 3 during the period ended July 31, 2019. Please reference the Security Valuation section of the Notes to Schedules of Investments for more information regarding security valuation and pricing inputs.
(F)	Percentage rounds to less than 0.1% or (0.1)%.

The notes are an integral part of this report. Transamerica Funds Page    3

Transamerica Asset Allocation – Moderate Portfolio

SCHEDULE OF INVESTMENTS

At July 31, 2019

(unaudited)

	Shares		Value
INVESTMENT COMPANIES - 100.1%
International Alternative Funds - 1.0%
Transamerica Global Allocation Liquidating Trust (A) (B) (C) (D)		3,627		$  12,472
Transamerica Global Multifactor Macro (A) (B)		1,547,742		14,239,228
				14,251,700
International Equity Funds - 18.2%
Transamerica Emerging Markets Equity (B)		8,268,101		80,283,260
Transamerica International Equity (B)		5,897,079		99,424,744
Transamerica International Growth (B)		8,089,831		57,680,495
Transamerica International Small Cap Value (B)		1,940,205		22,933,222
				260,321,721
International Fixed Income Funds - 6.1%
Transamerica Emerging Markets Debt (B)		4,729,428		50,888,647
Transamerica Inflation Opportunities (B)		3,539,133		36,205,329
				87,093,976
U.S. Alternative Funds - 3.8%
Transamerica Event Driven (B)		2,038,842		21,550,555
Transamerica Managed Futures Strategy (A) (B)		4,309,535		32,924,845
				54,475,400
U.S. Equity Funds - 24.0%
Transamerica Capital Growth (B)		2,023,968		30,784,559
Transamerica Concentrated Growth (B)		1,499,804		27,026,469
Transamerica Dividend Focused (B)		8,277,077		77,225,127
Transamerica Growth (B)		3,900,255		32,216,103
Transamerica Large Cap Value (B)		5,343,930		60,493,283
Transamerica Mid Cap Value (B)		1,947,279		25,022,532
Transamerica Mid Cap Value Opportunities (B)		977,041		11,411,838

	Shares		Value
INVESTMENT COMPANIES (continued)
U.S. Equity Funds (continued)
Transamerica Multi-Cap Growth (B)		3,499,845		$   29,188,706
Transamerica Small Cap Core (B)		428,101		4,161,143
Transamerica Small Cap Growth (B)		705,904		4,983,684
Transamerica Small Cap Value (B)		853,553		8,364,823
Transamerica Small Company Growth Liquidating Trust (A) (B) (C) (D)		2,887		1,796
Transamerica US Growth (B)		1,494,814		33,169,920
				344,049,983
U.S. Fixed Income Funds - 43.9%
Transamerica Bond (B)		4,295,522		40,120,173
Transamerica Core Bond (B)		15,444,523		155,989,683
Transamerica Floating Rate (B)		1,334,183		13,061,652
Transamerica Intermediate Bond (B)		10,714,093		110,676,578
Transamerica Short-Term Bond (B)		6,861,027		68,953,320
Transamerica Total Return (B)		23,057,446		239,566,866
				628,368,272
U.S. Mixed Allocation Fund - 3.1%
Transamerica MLP & Energy Income (B)		6,461,890		44,522,425
Total Investment Companies (Cost $1,363,930,547)				1,433,083,477
Total Investments (Cost $1,363,930,547)				1,433,083,477
Net Other Assets (Liabilities) - (0.1)%				(1,423,364	)
Net Assets - 100.0%				$  1,431,660,113

SECURITY VALUATION:

Valuation Inputs ^(E)

	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Investment Companies	$	1,433,069,209	$	—	$	—	$	1,433,069,209
Total	$	1,433,069,209	$	—	$	—	$	1,433,069,209
Investment Companies Measured at Net Asset Value (D)								14,268
Total Investments							$	1,433,083,477

The notes are an integral part of this report. Transamerica Funds Page    1

Transamerica Asset Allocation – Moderate Portfolio

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	Non-income producing securities.
(B)	Affiliated investment in the Class I2 shares, and liquidating trusts of Transamerica Funds. The Fund’s transactions and earnings are as follows:

Affiliated Investments	Value October 31, 2018		Purchases at Cost		Proceeds from Sales			Net Realized Gain (Loss)			Net Change in Unrealized Appreciation (Depreciation)			Value July 31, 2019		Shares as of July 31, 2019		Dividend Income		Net Capital Gain Distributions
Transamerica Bond	$	44,311,072	$	1,265,899	$	(7,160,215	)	$	(175,204	)	$	1,878,621		$	40,120,173		4,295,522	$	1,216,562	$	—
Transamerica Capital Growth		30,610,742		2,593,661		(5,277,016	)		408,452			2,448,720			30,784,559		2,023,968		2,485,437		—
Transamerica Concentrated Growth		28,754,548		3,066,575		(4,930,545	)		39,181			96,710			27,026,469		1,499,804		3,050,866		—
Transamerica Core Bond		169,421,254		3,734,543		(27,237,929	)		(1,589,413	)		11,661,228			155,989,683		15,444,523		3,647,761		—
Transamerica Dividend Focused		88,520,696		13,289,376		(15,351,318	)		(3,035,030	)		(6,198,597	)		77,225,127		8,277,077		13,240,466		—
Transamerica Emerging Markets Debt		53,840,572		1,537,285		(8,961,989	)		(262,383	)		4,735,162			50,888,647		4,729,428		1,509,263		—
Transamerica Emerging Markets Equity		91,348,880		1,056,402		(15,777,744	)		(2,755,525	)		6,411,247			80,283,260		8,268,101		1,006,133		—
Transamerica Event Driven		24,384,886		464,039		(4,024,390	)		(121,899	)		847,919			21,550,555		2,038,842		451,217		—
Transamerica Floating Rate		32,718,146		659,229		(20,116,897	)		(295,293	)		96,467			13,061,652		1,334,183		632,175		—
Transamerica Global Allocation Liquidating Trust		107,712		—		(91,411	)		(91,084	)		87,255			12,472		3,627		—		—
Transamerica Global Multifactor Macro		17,458,540		8,915		(2,798,418	)		(225,601	)		(204,208	)		14,239,228		1,547,742		—		—
Transamerica Growth		34,307,106		10,311,229		(6,023,260	)		(1,541,965	)		(4,837,007	)		32,216,103		3,900,255		10,292,039		—
Transamerica Inflation Opportunities		39,913,645		588,208		(6,476,337	)		(166,657	)		2,346,470			36,205,329		3,539,133		567,574		—
Transamerica Intermediate Bond		120,321,675		2,544,594		(19,402,360	)		(485,171	)		7,697,840			110,676,578		10,714,093		2,482,776		—
Transamerica International Equity		118,506,053		5,831,353		(20,468,424	)		(3,700,254	)		(743,984	)		99,424,744		5,897,079		5,766,138		—
Transamerica International Growth		63,588,843		9,805,870		(11,033,760	)		(3,331,742	)		(1,348,716	)		57,680,495		8,089,831		9,770,715		—
Transamerica International Small Cap Value		26,985,014		1,942,109		(4,717,332	)		(719,674	)		(556,895	)		22,933,222		1,940,205		1,927,079		—
Transamerica Large Cap Value		69,833,536		7,129,164		(12,286,385	)		(1,272,398	)		(2,910,634	)		60,493,283		5,343,930		7,090,019		—
Transamerica Managed Futures Strategy		38,615,322		20,804		(6,529,641	)		(1,470,111	)		2,288,471			32,924,845		4,309,535		—		—
Transamerica Mid Cap Value		27,553,102		5,838,870		(4,743,983	)		21,897			(3,647,354	)		25,022,532		1,947,279		5,823,756		—
Transamerica Mid Cap Value Opportunities		12,477,718		926,426		(2,105,476	)		14,337			98,833			11,411,838		977,041		919,718		—
Transamerica MLP & Energy Income		51,640,384		1,982,144		(10,803,823	)		(683,666	)		2,387,386			44,522,425		6,461,890		1,953,188		—
Transamerica Multi-Cap Growth		31,436,666		2,734,370		(5,410,273	)		(199,113	)		627,056			29,188,706		3,499,845		1,679,632		1,037,500
Transamerica Short-Term Bond		61,065,524		15,688,257		(9,085,220	)		69,714			1,215,045			68,953,320		6,861,027		1,535,103		—
Transamerica Small Cap Core		5,412,151		473,067		(932,806	)		(52,652	)		(738,617	)		4,161,143		428,101		470,095		—
Transamerica Small Cap Growth		5,212,938		472,553		(906,155	)		(362,858	)		567,206			4,983,684		705,904		469,666		—
Transamerica Small Cap Value		10,030,280		869,520		(1,759,006	)		(78,706	)		(697,265	)		8,364,823		853,553		863,915		—
Transamerica Small Company Growth Liquidating Trust		1,795		—		—			—			1			1,796		2,887		—		—
Transamerica Total Return		263,220,541		5,119,873		(42,269,427	)		(276,397	)		13,772,276			239,566,866		23,057,446		4,985,199		—
Transamerica US Growth		34,000,886		3,323,707		(5,943,305	)		520,815			1,267,817			33,169,920		1,494,814		3,304,771		—
Total	$	1,595,600,227	$	103,278,042	$	(282,624,845	)	$	(21,818,400	)	$	38,648,453		$	1,433,083,477		139,486,665	$	87,141,263	$	1,037,500

The notes are an integral part of this report. Transamerica Funds Page    2

Transamerica Asset Allocation – Moderate Portfolio

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

FOOTNOTES TO SCHEDULE OF INVESTMENTS (continued):

(C) Restricted securities. At July 31, 2019, the value of such securities held by the Fund are as follows:

Investments	Description	Acquisition Date		Acquisition Cost		Value		Value as Percentage of Net Assets
Investment Companies	Transamerica Global Allocation Liquidating Trust		07/31/2014	$	37,318	$	12,472		0.0	%(F)
Investment Companies	Transamerica Small Company Growth Liquidating Trust		10/26/2012		28,869		1,796		0.0	(F)
Total				$	66,187	$	14,268		0.0	%(F)

(D)	Certain investments are measured at fair value using the net asset value per share, or its equivalent, practical expedient and have not been classified in the fair value levels. The fair value amount presented is intended to permit reconciliation to the Total Investments amount presented within the Schedule of Investments.
(E)	There were no transfers in or out of Level 3 during the period ended July 31, 2019. Please reference the Security Valuation section of the Notes to Schedules of Investments for more information regarding security valuation and pricing inputs.
(F)	Percentage rounds to less than 0.1% or (0.1)%.

The notes are an integral part of this report. Transamerica Funds Page    3

Transamerica Asset Allocation Intermediate Horizon

SCHEDULE OF INVESTMENTS

At July 31, 2019

(unaudited)

	Shares		Value
INVESTMENT COMPANIES - 100.1%
International Equity Fund - 10.8%
Transamerica International Equity (A)		2,227,189		$  37,795,398
Money Market Fund - 0.2%
Transamerica Government Money Market (A)		675,571		675,571
U.S. Equity Funds - 40.8%
Transamerica Large Growth (A)		3,811,286		49,775,399
Transamerica Large Value Opportunities (A)		5,320,723		49,216,685
Transamerica Mid Cap Growth (A)		1,141,155		11,559,896
Transamerica Mid Cap Value Opportunities (A)		936,544		10,995,024
Transamerica Small Cap Growth (A)		1,638,945		11,570,949
Transamerica Small Cap Value (A)		1,042,247		10,224,447
				143,342,400
U.S. Fixed Income Funds - 48.3%
Transamerica High Quality Bond (A)		2,657,307		26,440,207
Transamerica High Yield Bond (A)		2,378,682		21,693,578
Transamerica Inflation-Protected Securities (A)		4,018,389		40,666,096
Transamerica Intermediate Bond (A)		7,830,476		81,045,427
				169,845,308
Total Investment Companies (Cost $338,972,821)				351,658,677
Total Investments (Cost $338,972,821)				351,658,677
Net Other Assets (Liabilities) - (0.1)%				(190,634	)
Net Assets - 100.0%				$  351,468,043

SECURITY VALUATION:

Valuation Inputs ^(B)

	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Investment Companies	$	351,658,677	$	—	$	—	$	351,658,677
Total Investments	$	351,658,677	$	—	$	—	$	351,658,677

The notes are an integral part of this report. Transamerica Funds Page    1

Transamerica Asset Allocation Intermediate Horizon

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A) Affiliated investment in the Class I3 shares of Transamerica Funds. The Fund’s transactions and earnings are as follows:

Affiliated Investments	Value October 31, 2018		Purchases at Cost		Proceeds from Sales			Net Realized Gain (Loss)			Net Change in Unrealized Appreciation (Depreciation)			Value July 31, 2019		Shares as of July 31, 2019		Dividend Income		Net Capital Gain Distributions
Transamerica Government Money Market	$	756,752	$	82,824,722	$	(82,905,884	)	$	(19	)	$	—		$	675,571		675,571	$	9,897	$	—
Transamerica High Quality Bond		31,399,647		2,305,680		(7,703,496	)		(332,901	)		771,277			26,440,207		2,657,307		659,018		—
Transamerica High Yield Bond		24,013,674		2,218,264		(4,959,832	)		(460,700	)		882,172			21,693,578		2,378,682		983,249		—
Transamerica Inflation-Protected Securities		42,960,142		3,309,562		(7,653,064	)		(319,310	)		2,368,766			40,666,096		4,018,389		880,736		—
Transamerica Intermediate Bond		91,274,833		6,758,151		(22,239,062	)		(1,039,892	)		6,291,397			81,045,427		7,830,476		1,818,165		—
Transamerica International Equity		38,602,542		5,816,756		(5,393,125	)		(841,692	)		(389,083	)		37,795,398		2,227,189		1,946,022		—
Transamerica Large Growth		50,203,179		6,735,750		(10,676,945	)		1,931,040			1,582,375			49,775,399		3,811,286		4,059,924		—
Transamerica Large Value Opportunities		50,294,543		11,335,646		(6,838,022	)		563,019			(6,138,501	)		49,216,685		5,320,723		8,659,821		—
Transamerica Mid Cap Growth		10,648,422		6,271,525		(4,380,029	)		(2,381,876	)		1,401,854			11,559,896		1,141,155		3,312,835		—
Transamerica Mid Cap Value Opportunities		10,843,772		1,416,407		(1,507,586	)		(4,459	)		246,890			10,995,024		936,544		798,910		—
Transamerica Small Cap Growth		11,568,120		1,691,824		(2,376,697	)		73,166			614,536			11,570,949		1,638,945		1,046,419		—
Transamerica Small Cap Value		10,388,769		1,944,613		(1,437,237	)		(69,273	)		(602,425	)		10,224,447		1,042,247		900,716		—
Total	$	372,954,395	$	132,628,900	$	(158,070,979	)	$	(2,882,897	)	$	7,029,258		$	351,658,677		33,678,514	$	25,075,712	$	—

(B) There were no transfers in or out of Level 3 during the period ended July 31, 2019. Please reference the Security Valuation section of the Notes to Schedules of Investments for more information regarding security valuation and pricing inputs.

The notes are an integral part of this report. Transamerica Funds Page    2

Transamerica Asset Allocation Long Horizon

SCHEDULE OF INVESTMENTS

At July 31, 2019

(unaudited)

	Shares		Value
INVESTMENT COMPANIES - 100.1%
International Equity Fund - 21.5%
Transamerica International Equity (A)		2,579,305		$  43,770,814
Money Market Fund - 0.2%
Transamerica Government Money Market (A)		419,497		419,497
U.S. Equity Funds - 68.9%
Transamerica Large Growth (A)		3,575,919		46,701,505
Transamerica Large Value Opportunities (A)		4,702,924		43,502,046
Transamerica Mid Cap Growth (A)		1,282,931		12,996,093
Transamerica Mid Cap Value Opportunities (A)		1,044,141		12,258,210
Transamerica Small Cap Growth (A)		1,966,972		13,886,823
Transamerica Small Cap Value (A)		1,151,759		11,298,759
				140,643,436
U.S. Fixed Income Funds - 9.5%
Transamerica High Quality Bond (A)		99,962		994,622
Transamerica High Yield Bond (A)		428,288		3,905,987
Transamerica Inflation-Protected Securities (A)		637,573		6,452,242
Transamerica Intermediate Bond (A)		779,089		8,063,574
				19,416,425
Total Investment Companies (Cost $195,138,888)				204,250,172
Total Investments (Cost $195,138,888)				204,250,172
Net Other Assets (Liabilities) - (0.1)%				(108,416	)
Net Assets - 100.0%				$  204,141,756

SECURITY VALUATION:

Valuation Inputs ^(B)

	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Investment Companies	$	204,250,172	$	—	$	—	$	204,250,172
Total Investments	$	204,250,172	$	—	$	—	$	204,250,172

The notes are an integral part of this report. Transamerica Funds Page    1

Transamerica Asset Allocation Long Horizon

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A) Affiliated investment in the Class I3 shares of Transamerica Funds. The Fund’s transactions and earnings are as follows:

Affiliated Investments	Value October 31, 2018		Purchases at Cost		Proceeds from Sales			Net Realized Gain (Loss)			Net Change in Unrealized Appreciation (Depreciation)			Value July 31, 2019		Shares as of July 31, 2019		Dividend Income		Net Capital Gain Distributions
Transamerica Government Money Market	$	419,311	$	46,368,064	$	(46,367,121	)	$	(757	)	$	—		$	419,497		419,497	$	5,939	$	—
Transamerica High Quality Bond		1,110,797		224,264		(355,847	)		(12,380	)		27,788			994,622		99,962		23,851		—
Transamerica High Yield Bond		4,524,481		532,363		(1,212,942	)		(95,110	)		157,195			3,905,987		428,288		176,667		—
Transamerica Inflation-Protected Securities		7,228,445		1,150,967		(2,239,851	)		(76,175	)		388,856			6,452,242		637,573		145,490		—
Transamerica Intermediate Bond		8,735,362		1,622,096		(2,797,364	)		(83,966	)		587,446			8,063,574		779,089		176,336		—
Transamerica International Equity		48,530,813		4,058,801		(7,072,343	)		(1,081,923	)		(664,534	)		43,770,814		2,579,305		2,377,714		—
Transamerica Large Growth		48,575,508		5,434,237		(10,339,066	)		1,733,164			1,297,662			46,701,505		3,575,919		3,963,286		—
Transamerica Large Value Opportunities		46,233,285		9,477,042		(6,782,831	)		817,376			(6,242,826	)		43,502,046		4,702,924		8,006,091		—
Transamerica Mid Cap Growth		11,995,303		6,014,167		(3,912,396	)		(1,719,800	)		618,819			12,996,093		1,282,931		3,766,362		—
Transamerica Mid Cap Value Opportunities		12,607,628		1,357,487		(1,889,031	)		(113,110	)		295,236			12,258,210		1,044,141		937,215		—
Transamerica Small Cap Growth		13,607,993		1,662,520		(2,035,855	)		(29,567	)		681,732			13,886,823		1,966,972		1,242,248		—
Transamerica Small Cap Value		12,512,653		1,536,632		(1,794,880	)		(43,556	)		(912,090	)		11,298,759		1,151,759		1,090,818		—
Total	$	216,081,579	$	79,438,640	$	(86,799,527	)	$	(705,804	)	$	(3,764,716	)	$	204,250,172		18,668,360	$	21,912,017	$	—

(B) There were no transfers in or out of Level 3 during the period ended July 31, 2019. Please reference the Security Valuation section of the Notes to Schedules of Investments for more information regarding security valuation and pricing inputs.

The notes are an integral part of this report. Transamerica Funds Page    2

Transamerica Asset Allocation Short Horizon

SCHEDULE OF INVESTMENTS

At July 31, 2019

(unaudited)

	Shares		Value
INVESTMENT COMPANIES - 100.1%
International Equity Fund - 1.9%
Transamerica International Equity (A)		152,743		$  2,592,041
Money Market Fund - 0.2%
Transamerica Government Money Market (A)		242,562		242,562
U.S. Equity Funds - 8.6%
Transamerica Large Growth (A)		342,211		4,469,275
Transamerica Large Value Opportunities (A)		496,947		4,596,765
Transamerica Small Cap Core (A)		273,816		2,688,872
				11,754,912
U.S. Fixed Income Funds - 89.4%
Transamerica High Quality Bond (A)		2,398,399		23,864,072
Transamerica High Yield Bond (A)		1,475,344		13,455,138
Transamerica Inflation-Protected Securities (A)		2,214,125		22,406,945
Transamerica Intermediate Bond (A)		6,069,023		62,814,388
				122,540,543
Total Investment Companies (Cost $134,798,433)				137,130,058
Total Investments (Cost $134,798,433)				137,130,058
Net Other Assets (Liabilities) - (0.1)%				(74,058	)
Net Assets - 100.0%				$  137,056,000

SECURITY VALUATION:

Valuation Inputs ^(B)

	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Investment Companies	$	137,130,058	$	—	$	—	$	137,130,058
Total Investments	$	137,130,058	$	—	$	—	$	137,130,058

The notes are an integral part of this report. Transamerica Funds Page    1

Transamerica Asset Allocation Short Horizon

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A) Affiliated investment in the Class I3 shares of Transamerica Funds. The Fund’s transactions and earnings are as follows:

Affiliated Investments	Value October 31, 2018		Purchases at Cost		Proceeds from Sales			Net Realized Gain (Loss)			Net Change in Unrealized Appreciation (Depreciation)			Value July 31, 2019		Shares as of July 31, 2019		Dividend Income		Net Capital Gain Distributions
Transamerica Government Money Market	$	143,903	$	26,241,722	$	(26,143,084	)	$	21		$	—		$	242,562		242,562	$	3,952	$	—
Transamerica High Quality Bond		26,403,443		766,955		(3,707,492	)		(148,806	)		549,972			23,864,072		2,398,399		576,349		—
Transamerica High Yield Bond		14,496,475		717,445		(2,033,565	)		(96,371	)		371,154			13,455,138		1,475,344		605,237		—
Transamerica Inflation-Protected Securities		24,008,769		675,509		(3,400,414	)		(133,591	)		1,256,672			22,406,945		2,214,125		487,146		—
Transamerica Intermediate Bond		66,386,770		1,899,071		(9,479,955	)		(382,178	)		4,390,680			62,814,388		6,069,023		1,383,316		—
Transamerica International Equity		2,700,343		366,509		(394,126	)		(22,970	)		(57,715	)		2,592,041		152,743		130,961		—
Transamerica Large Growth		4,151,512		919,613		(969,859	)		199,311			168,698			4,469,275		342,211		335,459		—
Transamerica Large Value Opportunities		4,339,991		1,335,776		(662,517	)		(33,804	)		(382,681	)		4,596,765		496,947		750,284		—
Transamerica Small Cap Core		2,733,266		756,178		(413,335	)		(14,473	)		(372,764	)		2,688,872		273,816		255,728		—
Total	$	145,364,472	$	33,678,778	$	(47,204,347	)	$	(632,861	)	$	5,924,016		$	137,130,058		13,665,170	$	4,528,432	$	—

(B) There were no transfers in or out of Level 3 during the period ended July 31, 2019. Please reference the Security Valuation section of the Notes to Schedules of Investments for more information regarding security valuation and pricing inputs.

The notes are an integral part of this report. Transamerica Funds Page    2

Transamerica Balanced II

SCHEDULE OF INVESTMENTS

At July 31, 2019

(unaudited)

	Shares		Value
COMMON STOCKS - 58.7%
Aerospace & Defense - 1.4%
Boeing Co.		740		$  252,473
General Dynamics Corp.		3,120		580,133
Northrop Grumman Corp.		780		269,545
United Technologies Corp.		4,030		538,408
				1,640,559
Airlines - 0.3%
Delta Air Lines, Inc.		2,790		170,301
Southwest Airlines Co.		1,320		68,020
United Airlines Holdings, Inc. (A)		690		63,418
				301,739
Auto Components - 0.2%
BorgWarner, Inc.		3,380		127,764
Magna International, Inc.		2,650		133,613
				261,377
Automobiles - 0.1%
General Motors Co.		4,240		171,042
Banks - 2.9%
Bank of America Corp.		34,990		1,073,493
Citigroup, Inc.		14,030		998,375
Citizens Financial Group, Inc.		2,290		85,325
Fifth Third Bancorp		3,850		114,307
KeyCorp		20,139		369,953
Regions Financial Corp.		6,690		106,572
SunTrust Banks, Inc.		3,700		246,420
Wells Fargo & Co.		11,300		547,033
				3,541,478
Beverages - 1.3%
Coca-Cola Co.		20,240		1,065,231
Constellation Brands, Inc., Class A		550		108,251
Molson Coors Brewing Co., Class B		2,500		134,975
PepsiCo, Inc.		2,020		258,176
				1,566,633
Biotechnology - 1.3%
AbbVie, Inc.		3,820		254,488
Alexion Pharmaceuticals, Inc. (A)		1,750		198,258
Amgen, Inc.		300		55,974
Biogen, Inc. (A)		1,100		261,602
Celgene Corp. (A)		2,810		258,127
Gilead Sciences, Inc.		1,070		70,106
Regeneron Pharmaceuticals, Inc. (A)		550		167,618
Vertex Pharmaceuticals, Inc. (A)		1,520		253,262
				1,519,435
Building Products - 0.2%
Masco Corp.		5,520		225,050
Capital Markets - 1.9%
Ameriprise Financial, Inc.		960		139,690
Bank of New York Mellon Corp.		1,590		74,603
BlackRock, Inc.		150		70,152
Charles Schwab Corp.		7,360		318,099
CME Group, Inc.		340		66,103
Franklin Resources, Inc.		5,110		166,739

	Shares		Value
COMMON STOCKS (continued)
Capital Markets (continued)
Intercontinental Exchange, Inc.		5,540		$   486,744
Invesco, Ltd.		5,120		98,253
Morgan Stanley		14,330		638,545
TD Ameritrade Holding Corp.		4,370		223,307
				2,282,235
Chemicals - 1.2%
Celanese Corp.		1,700		190,689
Corteva, Inc. (A)		5,080		149,860
Dow, Inc. (A)		4,713		228,298
DuPont de Nemours, Inc.		3,090		222,974
Eastman Chemical Co.		4,170		314,209
Linde PLC		1,120		214,234
LyondellBasell Industries NV, Class A		850		71,137
RPM International, Inc.		280		18,992
				1,410,393
Commercial Services & Supplies - 0.1%
Cintas Corp.		200		52,088
Waste Management, Inc.		590		69,030
				121,118
Communications Equipment - 0.2%
Cisco Systems, Inc.		4,030		223,262
Motorola Solutions, Inc.		290		48,128
				271,390
Consumer Finance - 0.6%
American Express Co.		1,980		246,253
Capital One Financial Corp.		3,780		349,347
Synchrony Financial		4,090		146,749
				742,349
Containers & Packaging - 0.4%
Avery Dennison Corp.		850		97,639
Crown Holdings, Inc. (A)		2,290		146,583
Packaging Corp. of America		880		88,854
WestRock Co.		2,570		92,649
				425,725
Diversified Consumer Services - 0.0% (B)
H&R Block, Inc.		1,140		31,567
Diversified Financial Services - 0.9%
Berkshire Hathaway, Inc., Class B (A)		5,540		1,138,082
Diversified Telecommunication Services - 0.6%
Verizon Communications, Inc.		13,720		758,304
Electric Utilities - 1.6%
American Electric Power Co., Inc.		5,240		460,125
Edison International		5,120		381,645
Exelon Corp.		5,890		265,403
NextEra Energy, Inc.		2,640		546,929
Xcel Energy, Inc.		5,430		323,682
				1,977,784
Electrical Equipment - 0.5%
Eaton Corp. PLC		7,480		614,781
Emerson Electric Co.		600		38,928
				653,709

The notes are an integral part of this report. Transamerica Funds Page    1

Transamerica Balanced II

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Entertainment - 1.1%
Electronic Arts, Inc. (A)		3,360		$   310,800
Netflix, Inc. (A)		1,800		581,382
Walt Disney Co.		3,320		474,793
				1,366,975
Equity Real Estate Investment Trusts - 1.4%
AvalonBay Communities, Inc.		1,580		329,888
Boston Properties, Inc.		590		78,441
Digital Realty Trust, Inc.		420		48,031
Equinix, Inc.		260		130,546
Equity Residential		1,200		94,668
Federal Realty Investment Trust		1,060		139,931
Host Hotels & Resorts, Inc.		4,880		84,863
Mid-America Apartment Communities, Inc.		310		36,530
Prologis, Inc.		4,060		327,277
Public Storage		300		72,828
Ventas, Inc.		1,600		107,664
Vornado Realty Trust		2,950		189,744
				1,640,411
Food Products - 0.6%
Conagra Brands, Inc.		1,440		41,573
General Mills, Inc.		3,480		184,823
Mondelez International, Inc., Class A		9,320		498,526
				724,922
Health Care Equipment & Supplies - 1.9%
Becton Dickinson and Co.		440		111,232
Boston Scientific Corp. (A)		15,330		650,912
Danaher Corp.		350		49,175
Intuitive Surgical, Inc. (A)		240		124,682
Medtronic PLC		7,650		779,841
Zimmer Biomet Holdings, Inc.		3,950		533,764
				2,249,606
Health Care Providers & Services - 1.7%
Anthem, Inc.		1,210		356,478
Cigna Corp. (A)		4,210		715,363
McKesson Corp.		170		23,622
UnitedHealth Group, Inc.		3,800		946,238
				2,041,701
Hotels, Restaurants & Leisure - 0.7%
Hilton Worldwide Holdings, Inc.		2,610		251,996
Royal Caribbean Cruises, Ltd.		610		70,967
Yum! Brands, Inc.		4,344		488,787
				811,750
Household Durables - 0.1%
Lennar Corp., Class A		3,500		166,495
Household Products - 0.6%
Procter & Gamble Co.		6,520		769,621
Industrial Conglomerates - 0.6%
Honeywell International, Inc.		4,450		767,447
Insurance - 1.4%
Allstate Corp.		1,940		208,356
American International Group, Inc.		5,030		281,630
Arthur J. Gallagher & Co.		1,210		109,420
Everest Re Group, Ltd.		360		88,790
Hartford Financial Services Group, Inc.		5,110		294,489

	Shares		Value
COMMON STOCKS (continued)
Insurance (continued)
Lincoln National Corp.		3,590		$   234,571
MetLife, Inc.		9,200		454,664
				1,671,920
Interactive Media & Services - 2.7%
Alphabet, Inc., Class A (A)		1,057		1,287,638
Alphabet, Inc., Class C (A)		990		1,204,513
Facebook, Inc., Class A (A)		3,630		705,055
				3,197,206
Internet & Direct Marketing Retail - 2.3%
Amazon.com, Inc. (A)		1,306		2,438,015
Booking Holdings, Inc. (A)		60		113,196
Expedia Group, Inc.		2,000		265,480
				2,816,691
IT Services - 3.6%
Accenture PLC, Class A		2,720		523,818
Automatic Data Processing, Inc.		5,140		855,913
Cognizant Technology Solutions Corp., Class A		3,860		251,440
Fidelity National Information Services, Inc.		510		67,958
Fiserv, Inc.		839		88,488
Mastercard, Inc., Class A		4,352		1,184,919
PayPal Holdings, Inc. (A)		6,160		680,064
Visa, Inc., Class A		4,100		729,800
				4,382,400
Life Sciences Tools & Services - 0.7%
Agilent Technologies, Inc.		230		15,964
Illumina, Inc. (A)		410		122,746
Thermo Fisher Scientific, Inc.		2,440		677,539
				816,249
Machinery - 1.4%
Caterpillar, Inc.		280		36,868
Cummins, Inc.		2,080		341,120
Deere & Co.		1,300		215,345
Ingersoll-Rand PLC		2,270		280,708
PACCAR, Inc.		4,440		311,422
Parker-Hannifin Corp.		380		66,530
Snap-on, Inc.		680		103,775
Stanley Black & Decker, Inc.		1,970		290,752
				1,646,520
Media - 1.8%
Altice, Inc., Class A (A)		4,520		116,661
Charter Communications, Inc., Class A (A)		1,500		578,070
Comcast Corp., Class A		25,090		1,083,136
Discovery, Inc., Class A (A) (C)		6,317		191,468
Discovery, Inc., Class C (A)		5,624		158,822
				2,128,157
Metals & Mining - 0.1%
Freeport-McMoRan, Inc.		3,720		41,143
Newmont Goldcorp Corp.		1,360		49,667
				90,810
Multi-Utilities - 0.3%
Sempra Energy		2,620		354,827
Multiline Retail - 0.2%
Dollar General Corp.		1,620		217,112

The notes are an integral part of this report. Transamerica Funds Page    2

Transamerica Balanced II

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Oil, Gas & Consumable Fuels - 2.9%
Chevron Corp.		8,760		$   1,078,443
Concho Resources, Inc.		640		62,515
Diamondback Energy, Inc.		2,660		275,124
EOG Resources, Inc.		6,320		542,572
Exxon Mobil Corp.		3,780		281,081
Marathon Petroleum Corp.		9,190		518,224
ONEOK, Inc.		3,650		255,792
Parsley Energy, Inc., Class A (A)		1,640		27,208
Phillips 66		330		33,845
Pioneer Natural Resources Co.		2,670		368,567
				3,443,371
Pharmaceuticals - 2.6%
Allergan PLC		1,180		189,390
Bristol-Myers Squibb Co.		3,340		148,329
Eli Lilly & Co.		4,519		492,345
Johnson & Johnson		5,520		718,814
Merck & Co., Inc.		10,540		874,715
Pfizer, Inc.		18,420		715,433
				3,139,026
Road & Rail - 1.1%
Lyft, Inc., Class A (A)		1,410		85,827
Norfolk Southern Corp.		3,520		672,742
Union Pacific Corp.		3,430		617,229
				1,375,798
Semiconductors & Semiconductor Equipment - 2.5%
Analog Devices, Inc.		5,470		642,506
Intel Corp.		2,670		134,969
Marvell Technology Group, Ltd.		2,790		73,265
NVIDIA Corp.		2,970		501,098
NXP Semiconductors NV		3,640		376,340
QUALCOMM, Inc.		1,010		73,892
Teradyne, Inc.		6,270		349,427
Texas Instruments, Inc.		6,990		873,820
				3,025,317
Software - 3.9%
Intuit, Inc.		980		271,764
Microsoft Corp.		27,000		3,679,290
salesforce.com, Inc. (A)		3,980		614,910
VMware, Inc., Class A		600		104,694
Workday, Inc., Class A (A)		130		25,997
				4,696,655
Specialty Retail - 2.8%
Advance Auto Parts, Inc.		1,190		179,262
AutoZone, Inc. (A)		463		519,967
Best Buy Co., Inc.		3,990		305,355
Home Depot, Inc.		4,130		882,540
Lowe’s Cos., Inc.		5,310		538,434
O’Reilly Automotive, Inc. (A)		580		220,841
Ross Stores, Inc.		3,400		360,502
TJX Cos., Inc.		6,990		381,374
				3,388,275
Technology Hardware, Storage & Peripherals - 2.6%
Apple, Inc.		13,130		2,797,215

	Shares		Value
COMMON STOCKS (continued)
Technology Hardware, Storage & Peripherals (continued)
Hewlett Packard Enterprise Co.		12,600		$   181,062
HP, Inc.		9,550		200,932
				3,179,209
Textiles, Apparel & Luxury Goods - 0.4%
NIKE, Inc., Class B		3,600		309,708
PVH Corp.		1,600		142,272
				451,980
Tobacco - 0.8%
Altria Group, Inc.		3,970		186,868
Philip Morris International, Inc.		8,940		747,473
				934,341
Trading Companies & Distributors - 0.1%
HD Supply Holdings, Inc. (A)		1,640		66,436
Wireless Telecommunication Services - 0.1%
T-Mobile, Inc. (A)		1,450		115,609
Total Common Stocks (Cost $61,119,027)				70,716,806
PREFERRED STOCKS - 0.1%
Banks - 0.1%
Citigroup Capital XIII,
3-Month LIBOR + 6.37%, 8.64% (D)		3,392		92,262
Electric Utilities - 0.0% (B)
SCE Trust III,
Series H, Fixed until 03/15/2024, 5.75% (D)		320		7,933
Total Preferred Stocks (Cost $102,844)				100,195
	Principal		Value
ASSET-BACKED SECURITIES - 3.4%
BlueMountain CLO, Ltd.
Series 2015-2A, Class A1R,
3-Month LIBOR + 0.93%, 3.23% (D), 07/18/2027 (E)		$  250,000		249,181
BRE Grand Islander Timeshare Issuer LLC
Series 2017-1A, Class A,
2.94%, 05/25/2029 (E)		52,022		52,087
BXG Receivables Note Trust
Series 2015-A, Class A,
2.88%, 05/02/2030 (E)		50,552		50,233
CIFC Funding, Ltd.
Series 2013-2A, Class A1LR,
3-Month LIBOR + 1.21%, 3.51% (D), 10/18/2030 (E)		250,000		249,442
JGWPT XXVI LLC
Series 2012-2A, Class A,
3.84%, 10/15/2059 (E)		154,620		165,226
JGWPT XXVIII LLC
Series 2013-1A, Class A,
3.22%, 04/15/2067 (E)		158,802		162,986
Laurel Road Prime Student Loan Trust
Series 2018-B, Class A2FX,
3.54%, 05/26/2043 (E)		100,000		103,184
MVW Owner Trust
Series 2014-1A, Class A,
2.25%, 09/22/2031 (E)		33,421		33,262
Series 2016-1A, Class A,
2.25%, 12/20/2033 (E)		34,484		34,097

The notes are an integral part of this report. Transamerica Funds Page    3

Transamerica Balanced II

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
ASSET-BACKED SECURITIES (continued)
New Residential Advanced Receivables Trust
Series 2017-T1, Class AT1,
3.21%, 02/15/2051 (E)		$   100,000		$   100,768
NRZ Advance Receivables Trust
Series 2016-T4, Class AT4,
3.11%, 12/15/2050 (E)		380,000		382,011
Octagon Investment Partners 33, Ltd.
Series 2017-1A, Class A1,
3-Month LIBOR + 1.19%, 3.47% (D), 01/20/2031 (E)		200,000		199,717
Ocwen Master Advance Receivables Trust
Series 2018-T1, Class AT1,
3.30%, 08/15/2049 (E)		45,000		45,004
Series 2018-T2, Class AT2,
3.60%, 08/15/2050 (E)		190,000		191,379
Orange Lake Timeshare Trust
Series 2016-A, Class A,
2.61%, 03/08/2029 (E)		131,837		131,838
Palmer Square CLO, Ltd.
Series 2015-2A, Class A1AR,
3-Month LIBOR + 1.27%, 3.55% (D), 07/20/2030 (E)		250,000		249,895
SBA Tower Trust
Series 2014-1A, Class C,
2.90%, 10/15/2044 (E)		333,000		333,042
Sierra Timeshare Receivables Funding LLC
Series 2015-1A, Class A,
2.40%, 03/22/2032 (E)		12,866		12,846
Series 2015-1A, Class B,
3.05%, 03/22/2032 (E)		13,425		13,410
Series 2016-2A, Class A,
2.33%, 07/20/2033 (E)		21,622		21,482
SolarCity LMC Series III LLC
Series 2014-2, Class A,
4.02%, 07/20/2044 (E)		120,702		121,244
Towd Point Mortgage Trust
Series 2015-3, Class A1B,
3.00% (D), 03/25/2054 (E)		77,669		77,660
Series 2015-5, Class A1B,
2.75% (D), 05/25/2055 (E)		77,373		77,204
Series 2016-1, Class A1B,
2.75% (D), 02/25/2055 (E)		65,603		65,510
Series 2017-1, Class A1,
2.75% (D), 10/25/2056 (E)		121,321		121,767
Series 2017-3, Class A1,
2.75% (D), 07/25/2057 (E)		65,494		65,429
Series 2017-6, Class A1,
2.75% (D), 10/25/2057 (E)		220,647		221,066
Series 2018-1, Class A1,
3.00% (D), 01/25/2058 (E)		136,915		137,505
Series 2018-4, Class A1,
3.00% (D), 06/25/2058 (E)		116,423		117,129
VB-S1 Issuer LLC
Series 2018-1A, Class C,
3.41%, 02/15/2048 (E)		145,000		145,834

	Principal		Value
ASSET-BACKED SECURITIES (continued)
VSE VOI Mortgage LLC
Series 2016-A, Class A,
2.54%, 07/20/2033 (E)		$   36,287		$   36,161
Welk Resorts LLC
Series 2017-AA, Class A,
2.82%, 06/15/2033 (E)		88,525		88,922
Total Asset-Backed Securities (Cost $4,029,717)				4,056,521
CORPORATE DEBT SECURITIES - 13.9%
Aerospace & Defense - 0.1%
Boeing Co.
3.50%, 03/01/2039		101,000		100,908
United Technologies Corp.
4.13%, 11/16/2028		61,000		67,410
				168,318
Air Freight & Logistics - 0.1%
FedEx Corp.
3.30%, 03/15/2027		71,000		72,540
Airlines - 0.5%
American Airlines Pass-Through Trust
3.20%, 12/15/2029		100,139		101,440
3.70%, 04/01/2028		48,875		50,791
Delta Air Lines Pass-Through Trust
6.82%, 02/10/2024		257,465		282,105
United Airlines Pass-Through Trust
3.75%, 03/03/2028		210,779		219,716
				654,052
Auto Components - 0.1%
BorgWarner, Inc.
3.38%, 03/15/2025		92,000		94,526
Automobiles - 0.1%
Ford Motor Co.
4.35%, 12/08/2026 (C)		69,000		69,570
General Motors Co.
4.88%, 10/02/2023		26,000		27,681
6.25%, 10/02/2043		17,000		18,413
				115,664
Banks - 2.2%
Banco Santander SA
2.71%, 06/27/2024		200,000		199,120
Bank of America Corp.
Fixed until 01/23/2025, 3.37% (D), 01/23/2026		263,000		270,515
Fixed until 12/20/2027, 3.42% (D), 12/20/2028		108,000		111,275
Barclays Bank PLC
10.18%, 06/12/2021 (E)		147,000		165,568
BNP Paribas SA
4.40%, 08/14/2028 (E)		251,000		272,522
CIT Group, Inc.
4.13%, 03/09/2021		10,000		10,176
Citigroup, Inc.
Fixed until 04/24/2024, 3.35% (D), 04/24/2025		95,000		97,548
Fixed until 03/20/2029, 3.98% (D), 03/20/2030		111,000		118,610
4.50%, 01/14/2022		48,000		50,318
Commerzbank AG
8.13%, 09/19/2023 (E)		255,000		294,929

The notes are an integral part of this report. Transamerica Funds Page    4

Transamerica Balanced II

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Banks (continued)
First Horizon National Corp.
3.50%, 12/15/2020		$   96,000		$   96,934
Intesa Sanpaolo SpA
5.02%, 06/26/2024 (E)		65,000		65,819
JPMorgan Chase & Co.
Fixed until 07/23/2023, 3.80% (D), 07/23/2024		140,000		146,554
4.13%, 12/15/2026		138,000		148,644
6.40%, 05/15/2038		72,000		100,494
Lloyds Banking Group PLC
Fixed until 11/07/2022, 2.91% (D), 11/07/2023		200,000		198,934
Royal Bank of Scotland Group PLC
6.40%, 10/21/2019		60,000		60,488
Wells Fargo & Co.
4.10%, 06/03/2026, MTN		186,000		196,950
Fixed until 06/15/2024 (F), 5.90% (D)		45,000		47,756
				2,653,154
Beverages - 0.4%
Anheuser-Busch Cos. LLC / Anheuser-Busch InBev Worldwide, Inc.
3.65%, 02/01/2026		42,000		44,297
Anheuser-Busch InBev Worldwide, Inc.
4.44%, 10/06/2048		108,000		115,508
4.75%, 01/23/2029		87,000		99,105
Constellation Brands, Inc.
3.15%, 08/01/2029		45,000		44,933
3.70%, 12/06/2026		18,000		18,848
Pernod Ricard SA
5.75%, 04/07/2021 (E)		128,000		134,700
				457,391
Biotechnology - 0.1%
AbbVie, Inc.
3.20%, 05/14/2026		49,000		49,315
Gilead Sciences, Inc.
4.15%, 03/01/2047		27,000		28,377
				77,692
Capital Markets - 1.0%
Ameriprise Financial, Inc.
3.00%, 03/22/2022		61,000		61,901
3.70%, 10/15/2024		77,000		81,409
Credit Suisse Group Funding Guernsey, Ltd.
3.75%, 03/26/2025		250,000		260,293
Goldman Sachs Group, Inc.
5.25%, 07/27/2021		101,000		106,328
6.75%, 10/01/2037		73,000		96,792
Lazard Group LLC
4.50%, 09/19/2028		104,000		111,276
Morgan Stanley
3.70%, 10/23/2024, MTN		141,000		147,854
Fixed until 01/23/2029, 4.43% (D), 01/23/2030, MTN		21,000		23,227
5.00%, 11/24/2025		66,000		72,937
UBS AG
7.63%, 08/17/2022		250,000		279,983
				1,242,000

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Commercial Services & Supplies - 0.2%
ERAC Finance LLC
3.85%, 11/15/2024 (E)		$   123,000		$   129,841
Waste Management, Inc.
3.20%, 06/15/2026		92,000		95,669
				225,510
Communications Equipment - 0.1%
Nokia OYJ
3.38%, 06/12/2022		92,000		93,455
Construction & Engineering - 0.2%
SBA Tower Trust
2.88%, 07/15/2046 (E)		58,000		58,047
3.17%, 04/09/2047 (E)		110,000		110,695
3.45%, 03/15/2048 (E)		78,000		79,946
				248,688
Construction Materials - 0.3%
LafargeHolcim Finance LLC
4.75%, 09/22/2046 (E)		200,000		199,106
Martin Marietta Materials, Inc.
3.50%, 12/15/2027		90,000		90,348
4.25%, 12/15/2047		27,000		25,469
				314,923
Consumer Finance - 0.3%
Ally Financial, Inc.
3.88%, 05/21/2024		57,000		58,852
4.13%, 03/30/2020		120,000		120,900
American Express Co.
4.05%, 12/03/2042		44,000		48,812
BMW Capital LLC
2.80%, 04/11/2026 (E)		72,000		72,404
Capital One Financial Corp.
3.30%, 10/30/2024		80,000		82,830
Discover Financial Services
3.75%, 03/04/2025		1,000		1,041
				384,839
Containers & Packaging - 0.1%
International Paper Co.
4.75%, 02/15/2022		44,000		46,240
Reynolds Group Issuer, Inc. / Reynolds Group Issuer LLC
6.88%, 02/15/2021		34,654		34,740
				80,980
Diversified Consumer Services - 0.2%
Nationwide Building Society
Fixed until 07/18/2029, 3.96% (D), 07/18/2030 (E)		200,000		201,516
President & Fellows of Harvard College
3.62%, 10/01/2037		14,000		14,944
				216,460
Diversified Financial Services - 0.2%
Aviation Capital Group LLC
7.13%, 10/15/2020 (E)		134,000		140,986

The notes are an integral part of this report. Transamerica Funds Page    5

Transamerica Balanced II

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Diversified Financial Services (continued)
AXA Equitable Holdings, Inc.
5.00%, 04/20/2048		$   136,000		$   144,130
Kaupthing Bank
7.63%, 02/28/2020 (E) (G) (H) (I)		710,000		0
				285,116
Diversified Telecommunication Services - 0.5%
AT&T, Inc.
3.40%, 05/15/2025		114,000		117,264
GTP Acquisition Partners I LLC
2.35%, 06/15/2045 (E)		40,000		39,864
Hughes Satellite Systems Corp.
7.63%, 06/15/2021		74,000		79,448
Sprint Capital Corp.
6.88%, 11/15/2028		24,000		26,400
Verizon Communications, Inc.
3.50%, 11/01/2024		118,000		123,576
5.50%, 03/16/2047		164,000		206,527
				593,079
Electric Utilities - 0.7%
Appalachian Power Co.
3.40%, 06/01/2025		96,000		99,170
Cleveland Electric Illuminating Co.
5.95%, 12/15/2036		38,000		46,268
Duke Energy Corp.
3.75%, 04/15/2024 - 09/01/2046		197,000		196,467
Duke Energy Progress LLC
3.60%, 09/15/2047		70,000		71,369
Entergy Arkansas LLC
3.70%, 06/01/2024		53,000		56,000
Niagara Mohawk Power Corp.
4.88%, 08/15/2019 (E)		57,000		57,045
Oncor Electric Delivery Co. LLC
4.10%, 06/01/2022		10,000		10,459
5.30%, 06/01/2042		22,000		28,103
PacifiCorp
3.60%, 04/01/2024		67,000		70,298
5.75%, 04/01/2037		22,000		28,387
Public Service Electric & Gas Co.
3.00%, 05/15/2025, MTN		123,000		125,753
				789,319
Electronic Equipment, Instruments & Components - 0.2%
Arrow Electronics, Inc.
3.88%, 01/12/2028		92,000		91,619
Keysight Technologies, Inc.
4.55%, 10/30/2024		136,000		144,968
				236,587
Energy Equipment & Services - 0.1%
Schlumberger Holdings Corp.
3.90%, 05/17/2028 (E)		100,000		104,517
Schlumberger Investment SA
3.65%, 12/01/2023		29,000		30,294
				134,811
Equity Real Estate Investment Trusts - 0.8%
American Tower Trust #1
3.65%, 03/15/2048 (E)		120,000		125,677
CBL & Associates, LP
5.25%, 12/01/2023		139,000		101,470
EPR Properties
4.75%, 12/15/2026		104,000		110,236

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Equity Real Estate Investment Trusts (continued)
HCP, Inc.
3.40%, 02/01/2025		$   2,000		$   2,055
3.50%, 07/15/2029		51,000		51,688
Hospitality Properties Trust
5.00%, 08/15/2022		152,000		158,422
Kilroy Realty, LP
4.25%, 08/15/2029		155,000		165,367
Life Storage, LP
4.00%, 06/15/2029		52,000		53,863
VEREIT Operating Partnership, LP
3.95%, 08/15/2027		56,000		58,455
4.63%, 11/01/2025		88,000		95,115
WEA Finance LLC
4.13%, 09/20/2028 (E)		93,000		99,448
				1,021,796
Food & Staples Retailing - 0.2%
Sysco Corp.
3.30%, 07/15/2026		70,000		72,247
Walmart, Inc.
3.63%, 12/15/2047		118,000		127,071
				199,318
Health Care Equipment & Supplies - 0.2%
Abbott Laboratories
3.75%, 11/30/2026		100,000		107,899
Boston Scientific Corp.
4.70%, 03/01/2049		73,000		85,082
				192,981
Health Care Providers & Services - 0.3%
Cigna Corp.
4.13%, 11/15/2025 (E)		58,000		61,593
CVS Health Corp.
2.13%, 06/01/2021		50,000		49,666
4.10%, 03/25/2025		61,000		64,191
HCA Healthcare, Inc.
6.25%, 02/15/2021		50,000		52,393
HCA, Inc.
4.13%, 06/15/2029		31,000		31,756
5.25%, 04/15/2025		18,000		19,837
Quest Diagnostics, Inc.
4.20%, 06/30/2029		102,000		110,395
				389,831
Household Durables - 0.1%
D.R. Horton, Inc.
4.38%, 09/15/2022		82,000		85,542
Whirlpool Corp.
4.75%, 02/26/2029		46,000		50,265
				135,807
Industrial Conglomerates - 0.0% (B)
General Electric Co.
6.88%, 01/10/2039, MTN		17,000		22,064
Insurance - 0.3%
Athene Global Funding
3.00%, 07/01/2022 (E)		81,000		81,997
CNA Financial Corp.
3.90%, 05/01/2029		57,000		59,863
Lincoln National Corp.
3.63%, 12/12/2026		74,000		77,272

The notes are an integral part of this report. Transamerica Funds Page    6

Transamerica Balanced II

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Insurance (continued)
Reinsurance Group of America, Inc.
3.90%, 05/15/2029		$   35,000		$   36,433
RenaissanceRe Finance, Inc.
3.45%, 07/01/2027		111,000		113,301
				368,866
Interactive Media & Services - 0.3%
Baidu, Inc.
4.38%, 05/14/2024		200,000		212,150
Tencent Holdings, Ltd.
3.28%, 04/11/2024 (E)		97,000		99,293
				311,443
Internet & Direct Marketing Retail - 0.1%
Booking Holdings, Inc.
3.60%, 06/01/2026		45,000		47,261
Expedia Group, Inc.
3.80%, 02/15/2028		72,000		73,947
				121,208
IT Services - 0.1%
DXC Technology Co.
4.75%, 04/15/2027		57,000		61,238
Fidelity National Information Services, Inc.
3.75%, 05/21/2029		38,000		40,248
Fiserv, Inc.
3.50%, 07/01/2029		69,000		70,588
				172,074
Life Sciences Tools & Services - 0.1%
Thermo Fisher Scientific, Inc.
5.30%, 02/01/2044		86,000		107,022
Media - 0.4%
CCO Holdings LLC / CCO Holdings Capital Corp.
5.75%, 01/15/2024		42,000		42,893
Clear Channel Worldwide Holdings, Inc.
6.50%, 11/15/2022		100,000		102,100
NBCUniversal Media LLC
4.38%, 04/01/2021		232,000		239,972
4.45%, 01/15/2043		42,000		46,564
				431,529
Metals & Mining - 0.2%
Anglo American Capital PLC
4.00%, 09/11/2027 (E)		200,000		201,908
Freeport-McMoRan, Inc.
3.88%, 03/15/2023		45,000		45,099
				247,007
Multi-Utilities - 0.3%
Black Hills Corp.
4.25%, 11/30/2023		79,000		83,602
CMS Energy Corp.
3.88%, 03/01/2024		19,000		19,843
4.88%, 03/01/2044		29,000		33,877
Dominion Energy, Inc.
2.58%, 07/01/2020		69,000		69,007

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Multi-Utilities (continued)
DTE Electric Co.
4.30%, 07/01/2044		$   90,000		$   102,565
Public Service Enterprise Group, Inc.
2.65%, 11/15/2022		8,000		8,048
				316,942
Oil, Gas & Consumable Fuels - 1.2%
Anadarko Petroleum Corp.
5.55%, 03/15/2026		68,000		76,357
BP Capital Markets PLC
3.12%, 05/04/2026 (C)		193,000		195,760
Energy Transfer Operating, LP
5.15%, 03/15/2045		148,000		151,614
5.95%, 10/01/2043		31,000		34,490
Enterprise Products Operating LLC
4.25%, 02/15/2048		115,000		118,379
EOG Resources, Inc.
2.45%, 04/01/2020		78,000		77,975
Exxon Mobil Corp.
3.04%, 03/01/2026		52,000		54,014
Kinder Morgan Energy Partners, LP
4.15%, 02/01/2024		58,000		61,159
Nexen, Inc.
5.88%, 03/10/2035		10,000		12,407
Petroleos Mexicanos
3.50%, 01/30/2023		140,000		133,421
Petronas Capital, Ltd.
5.25%, 08/12/2019 (E)		100,000		100,070
Sabine Pass Liquefaction LLC
4.20%, 03/15/2028		46,000		48,079
Shell International Finance BV
2.50%, 09/12/2026		114,000		114,053
3.75%, 09/12/2046		34,000		36,274
TransCanada PipeLines, Ltd.
3.75%, 10/16/2023		32,000		33,398
4.63%, 03/01/2034		31,000		34,565
Western Midstream Operating, LP
5.38%, 06/01/2021		67,000		69,121
Williams Cos., Inc.
5.40%, 03/04/2044		31,000		34,300
7.88%, 09/01/2021		29,000		32,021
				1,417,457
Pharmaceuticals - 0.4%
AstraZeneca PLC
4.00%, 01/17/2029		28,000		30,616
4.38%, 08/17/2048 (C)		71,000		80,040
Bayer Finance LLC
3.00%, 10/08/2021 (E)		200,000		201,089
Bristol-Myers Squibb Co.
3.20%, 06/15/2026 (E)		82,000		84,854
Merck & Co., Inc.
3.40%, 03/07/2029		46,000		48,969
Mylan, Inc.
4.55%, 04/15/2028 (C)		76,000		80,024
				525,592
Road & Rail - 0.2%
Burlington Northern Santa Fe LLC
3.00%, 03/15/2023		15,000		15,376
3.75%, 04/01/2024		10,000		10,601

The notes are an integral part of this report. Transamerica Funds Page    7

Transamerica Balanced II

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Road & Rail (continued)
CSX Corp.
3.80%, 11/01/2046		$   50,000		$   50,778
Park Aerospace Holdings, Ltd.
5.50%, 02/15/2024 (E)		172,000		185,812
				262,567
Semiconductors & Semiconductor Equipment - 0.3%
Intel Corp.
2.88%, 05/11/2024		127,000		130,161
KLA Corp.
4.10%, 03/15/2029		68,000		73,321
Lam Research Corp.
3.75%, 03/15/2026		78,000		82,414
NXP BV / NXP Funding LLC
4.88%, 03/01/2024 (E)		38,000		40,759
QUALCOMM, Inc.
3.25%, 05/20/2027		66,000		67,554
				394,209
Software - 0.0% (B)
Microsoft Corp.
3.30%, 02/06/2027		45,000		47,682
Technology Hardware, Storage & Peripherals - 0.2%
Apple, Inc.
2.85%, 02/23/2023		92,000		94,129
Dell International LLC / EMC Corp.
6.02%, 06/15/2026 (E)		66,000		72,973
Western Digital Corp.
4.75%, 02/15/2026 (C)		120,000		118,650
				285,752
Tobacco - 0.2%
Altria Group, Inc.
4.80%, 02/14/2029		48,000		51,795
BAT Capital Corp.
2.76%, 08/15/2022		96,000		95,988
3.22%, 08/15/2024		50,000		50,407
				198,190
Transportation Infrastructure - 0.0% (B)
Penske Truck Leasing Co., LP / PTL Finance Corp.
3.45%, 07/01/2024 (E)		53,000		54,689
Wireless Telecommunication Services - 0.3%
America Movil SAB de CV
3.13%, 07/16/2022		200,000		203,246
Crown Castle Towers LLC
3.22%, 05/15/2042 (E)		42,000		42,341
3.72%, 07/15/2043 (E)		105,000		107,975
Sprint Corp.
7.88%, 09/15/2023		42,000		46,830
				400,392
Total Corporate Debt Securities (Cost $16,254,145)				16,763,522
FOREIGN GOVERNMENT OBLIGATIONS - 0.6%
Colombia - 0.2%
Colombia Government International Bond
4.50%, 01/28/2026		200,000		215,300

	Principal		Value
FOREIGN GOVERNMENT OBLIGATIONS (continued)
Indonesia - 0.2%
Indonesia Government International Bond
5.38%, 10/17/2023 (E)		$   200,000		$   220,762
Mexico - 0.1%
Mexico Government International Bond
3.75%, 01/11/2028		116,000		117,334
Peru - 0.1%
Peru Government International Bond
7.35%, 07/21/2025		100,000		127,450
Total Foreign Government Obligations (Cost $657,053)				680,846
MORTGAGE-BACKED SECURITIES - 4.3%
Alternative Loan Trust
Series 2007-22, Class 2A16,
6.50%, 09/25/2037		173,465		115,907
BB-UBS Trust
Series 2012-TFT, Class A,
2.89%, 06/05/2030 (E)		140,000		139,736
Series 2012-TFT, Class C,
3.47% (D), 06/05/2030 (E)		315,000		310,933
BBCMS Trust
Series 2013-TYSN, Class B,
4.04%, 09/05/2032 (E)		245,000		247,328
Caesars Palace Las Vegas Trust
Series 2017-VICI, Class A,
3.53%, 10/15/2034 (E)		250,000		258,051
Citigroup Commercial Mortgage Trust
Series 2014-GC19, Class A3,
3.75%, 03/10/2047		24,969		26,310
Series 2014-GC19, Class A4,
4.02%, 03/10/2047		65,000		69,250
Series 2015-GC27, Class B,
3.77%, 02/10/2048		157,700		162,708
Citigroup Mortgage Loan Trust, Inc.
Series 2015-A, Class A1,
3.50% (D), 06/25/2058 (E)		79,807		80,553
Series 2018-RP1, Class A1,
3.00% (D), 09/25/2064 (E)		85,188		86,036
COMM Mortgage Trust
Series 2013-CR11, Class AM,
4.72% (D), 08/10/2050		20,000		21,565
Series 2013-GAM, Class A2,
3.37%, 02/10/2028 (E)		100,000		100,488
Series 2013-WWP, Class B,
3.73%, 03/10/2031 (E)		100,000		104,717
Series 2015-3BP, Class A,
3.18%, 02/10/2035 (E)		210,000		217,719
Series 2016-GCT, Class C,
3.46% (D), 08/10/2029 (E)		100,000		100,696
Commercial Mortgage Pass-Through Certificates Trust
Series 2012-LTRT, Class A2,
3.40%, 10/05/2030 (E)		132,000		133,245
Core Industrial Trust
Series 2015-CALW, Class B,
3.25%, 02/10/2034 (E)		225,000		229,047
Credit Suisse Mortgage Capital Certificates
Series 2009-11R, Class 5A1,
3.76% (D), 08/26/2036 (E)		4,607		4,611

The notes are an integral part of this report. Transamerica Funds Page    8

Transamerica Balanced II

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
MORTGAGE-BACKED SECURITIES (continued)
CSMC Trust
Series 2014-4R, Class 21A1,
1-Month LIBOR + 0.33%, 3.06% (D), 12/27/2035 (E)		$   139,237		$   138,409
GMACM Mortgage Loan Trust
Series 2005-AR1, Class 3A,
4.72% (D), 03/18/2035		66,526		68,628
GS Mortgage Securities Trust
Series 2013-G1, Class A2,
3.56% (D), 04/10/2031 (E)		285,000		289,247
Impac CMB Trust
Series 2004-6, Class 1A1,
1-Month LIBOR + 0.80%, 3.07% (D), 10/25/2034		44,906		44,611
IndyMac INDX Mortgage Loan Trust
Series 2007-AR15, Class 2A1,
3.77% (D), 08/25/2037		126,503		109,277
Merrill Lynch Mortgage Investors Trust
Series 2003-F, Class A1,
1-Month LIBOR + 0.64%, 2.91% (D), 10/25/2028		24,916		24,908
Morgan Stanley Capital Barclays Bank Trust
Series 2016-MART, Class A,
2.20%, 09/13/2031 (E)		360,000		358,515
Morgan Stanley Resecuritization Trust
Series 2014-R3, Class 2A,
3.00% (D), 07/26/2048 (E)		118,604		117,468
Motel 6 Trust
Series 2017-MTL6, Class C,
1-Month LIBOR + 1.40%, 3.73% (D), 08/15/2034 (E)		357,089		357,312
Nationstar Mortgage Loan Trust
Series 2013-A, Class A,
3.75% (D), 12/25/2052 (E)		67,417		68,703
New Residential Mortgage Loan Trust
Series 2014-1A, Class A,
3.75% (D), 01/25/2054 (E)		31,348		32,287
Series 2014-2A, Class A3,
3.75% (D), 05/25/2054 (E)		79,498		80,701
Series 2014-3A, Class AFX3,
3.75% (D), 11/25/2054 (E)		56,831		58,337
Series 2016-3A, Class A1B,
3.25% (D), 09/25/2056 (E)		54,929		55,580
Series 2017-1A, Class A1,
4.00% (D), 02/25/2057 (E)		114,706		118,530
Series 2017-3A, Class A1,
4.00% (D), 04/25/2057 (E)		193,062		199,461
Series 2017-4A, Class A1,
4.00% (D), 05/25/2057 (E)		76,260		79,080
One Market Plaza Trust
Series 2017-1MKT, Class A,
3.61%, 02/10/2032 (E)		195,000		202,742
Queens Center Mortgage Trust
Series 2013-QCA, Class D,
3.47% (D), 01/11/2037 (E)		130,000		131,928

	Principal		Value
MORTGAGE-BACKED SECURITIES (continued)
Structured Asset Mortgage Investments II Trust
Series 2003-AR4, Class A1,
1-Month LIBOR + 0.70%, 3.00% (D), 01/19/2034		$   63,825		$   63,107
UBS-BAMLL Trust
Series 2012-WRM, Class A,
3.66%, 06/10/2030 (E)		225,000		230,154
Total Mortgage-Backed Securities (Cost $5,230,673)				5,237,885
MUNICIPAL GOVERNMENT OBLIGATIONS - 0.3%
California - 0.2%
Los Angeles Community College District, General Obligation Unlimited,
6.60%, 08/01/2042		15,000		22,918
State of California, General Obligation Unlimited
7.30%, 10/01/2039		50,000		76,054
7.60%, 11/01/2040		55,000		90,124
7.95%, 03/01/2036		95,000		98,093
University of California, Revenue Bonds,
Series AD,
4.86%, 05/15/2112		10,000		12,198
				299,387
Georgia - 0.0% (B)
Municipal Electric Authority of Georgia, Revenue Bonds,
Series A,
6.64%, 04/01/2057		10,000		12,842
New Jersey - 0.0% (B)
New Jersey Turnpike Authority, Revenue Bonds,
Series F,
7.41%, 01/01/2040		14,000		22,039
New York - 0.1%
Metropolitan Transportation Authority, Revenue Bonds,
Series E,
6.81%, 11/15/2040		15,000		21,298
New York City Water & Sewer System, Revenue Bonds,
Series CC,
5.88%, 06/15/2044		15,000		21,362
New York State Dormitory Authority, Revenue Bonds,
Series H,
5.39%, 03/15/2040		10,000		12,479
Port Authority of New York & New Jersey, Revenue Bonds,
Series 181,
4.96%, 08/01/2046		20,000		25,392
				80,531
Total Municipal Government Obligations (Cost $395,061)				414,799
U.S. GOVERNMENT AGENCY OBLIGATIONS - 7.7%
Federal Home Loan Mortgage Corp.
12-Month LIBOR + 1.90%, 5.03% (D), 02/01/2041		6,886		7,196
5.50%, 06/01/2041		19,624		21,858

The notes are an integral part of this report. Transamerica Funds Page    9

Transamerica Balanced II

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
U.S. GOVERNMENT AGENCY OBLIGATIONS (continued)
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates
2.89%, 06/25/2027		$   465,921		$   478,666
3.01%, 07/25/2025		388,000		403,261
3.06% (D), 08/25/2024		405,000		419,625
3.53% (D), 07/25/2023		157,000		164,481
Federal National Mortgage Association
2.50%, TBA (J)		348,000		349,985
3.00%, TBA (J)		2,745,000		2,773,617
3.33% (D), 10/25/2023		52,065		54,185
3.50%, 11/01/2028 - 01/01/2029		79,535		82,788
3.50%, TBA (J)		2,507,000		2,567,912
4.00%, 10/01/2025 - 06/01/2042		51,880		54,569
4.00%, TBA (J)		1,017,000		1,052,727
4.50%, 02/01/2025 - 06/01/2026		61,903		64,951
12-Month LIBOR + 1.75%, 4.81% (D), 03/01/2041		4,304		4,488
12-Month LIBOR + 1.82%, 4.90% (D), 03/01/2041		1,779		1,869
5.00%, 04/01/2039 - 11/01/2039		181,497		199,533
5.50%, 09/01/2036 - 12/01/2041		254,982		286,646
6.00%, 02/01/2038 - 06/01/2041		265,967		302,973
6.50%, 05/01/2040		36,017		41,748
Government National Mortgage Association, Interest Only STRIPS
0.78% (D), 02/16/2053		180,355		8,670
Total U.S. Government Agency Obligations (Cost $9,295,484)				9,341,748
U.S. GOVERNMENT OBLIGATIONS - 9.6%
U.S. Treasury - 8.4%
U.S. Treasury Bond
2.25%, 08/15/2046		123,000		116,144
2.50%, 02/15/2045 - 05/15/2046		514,000		511,642
2.75%, 08/15/2042 - 11/15/2047		1,013,500		1,061,246
2.88%, 08/15/2045		166,000		177,302
3.00%, 05/15/2042 - 08/15/2048		325,100		356,134
3.13%, 05/15/2048		17,000		19,061
3.50%, 02/15/2039		369,000		437,669
3.63%, 02/15/2044		1,105,300		1,334,822
4.50%, 02/15/2036		69,000		90,926
4.75%, 02/15/2037		670,000		916,120
5.25%, 02/15/2029		177,000		226,636
U.S. Treasury Note
1.13%, 06/30/2021 - 09/30/2021		255,000		251,087
1.50%, 08/15/2026		320,000		310,775
1.63%, 08/15/2022 - 05/15/2026		578,800		570,869
1.75%, 11/30/2021		163,000		162,503
1.88%, 11/30/2021		155,000		154,982
2.00%, 02/28/2021 - 02/15/2025		604,000		606,184
2.25%, 11/15/2027		311,300		317,623
2.38%, 02/29/2024		417,000		426,676
2.50%, 12/31/2020 - 08/15/2023		460,000		466,055
2.63%, 08/15/2020 - 02/15/2029		1,042,900		1,077,595
2.88%, 05/15/2028 - 05/15/2049		236,200		253,039
3.13%, 11/15/2028		213,500		233,516
				10,078,606
U.S. Treasury Inflation-Protected Securities - 1.2%
U.S. Treasury Inflation-Indexed Bond
1.75%, 01/15/2028		88,015		98,561
2.50%, 01/15/2029		325,282		391,345

	Principal		Value
U.S. GOVERNMENT OBLIGATIONS (continued)
U.S. Treasury Inflation-Protected Securities (continued)
U.S. Treasury Inflation-Indexed Note
0.63%, 01/15/2024		$   946,105		$   960,334
				1,450,240
Total U.S. Government Obligations (Cost $11,082,614)				11,528,846
COMMERCIAL PAPER - 5.0%
Banks - 0.3%
Concord Minutemen Capital Co.
2.37% (K), 10/01/2019		375,000		373,526
Capital Markets - 0.2%
Intercontinental Exchange, Inc.
2.50% (K), 09/04/2019		250,000		249,422
Diversified Financial Services - 3.5%
Anglesea Funding PLC
2.35% (K), 09/18/2019		475,000		473,537
Atlantic Asset Securitization LLC
2.35% (K), 08/20/2019		300,000		299,634
Cancara Asset Securitisation LLC
2.40% (K), 09/19/2019		550,000		548,241
Chariot Funding LLC
2.31% (K), 10/01/2019		450,000		448,269
Ciesco LLC
2.57% (K), 08/13/2019		450,000		449,622
Jupiter Securitization Co. LLC
2.47% (K), 09/05/2019		300,000		299,294
Le Fayette Asset Securitization LLC
2.35% (K), 09/12/2019		300,000		299,191
Lexington Parker Capital Co. LLC
2.34% (K), 10/02/2019		400,000		398,416
Mont Blanc Capital Corp.
2.32% (K), 11/05/2019		300,000		298,184
Nieuw Amsterdam Receivables Corp.
2.56% (K), 08/12/2019		325,000		324,751
Sheffield Receivables Corp.
2.55% (K), 08/15/2019		400,000		399,611
				4,238,750
Health Care Providers & Services - 0.2%
United Healthcare Co.
2.51% (K), 08/23/2019		250,000		249,623
Pharmaceuticals - 0.4%
GlaxoSmithKline LLC
2.48% (K), 08/06/2019		400,000		399,864
Software - 0.4%
Manhattan Asset Funding Co. LLC
2.39% (K), 08/15/2019		500,000		499,543
Total Commercial Paper (Cost $6,010,728)				6,010,728
SHORT-TERM U.S. GOVERNMENT OBLIGATIONS - 0.7%
U.S. Treasury Bill
2.08% (K), 08/08/2019		25,000		24,990
2.20% (K), 10/03/2019		700,000		697,361
2.42% (K), 08/08/2019		100,000		99,954
Total Short-Term U.S. Government Obligations (Cost $822,305)				822,305

The notes are an integral part of this report. Transamerica Funds Page    10

Transamerica Balanced II

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Shares		Value
OTHER INVESTMENT COMPANY - 0.6%
Securities Lending Collateral - 0.6%
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 2.32% (K)		758,065		$   758,065
Total Other Investment Company (Cost $758,065)				758,065
Total Investments (Cost $115,757,716)				126,432,266
Net Other Assets (Liabilities) - (4.9)%				(5,877,027	)
Net Assets - 100.0%				$  120,555,239

FUTURES CONTRACTS:

Long Futures Contracts:

Description	Number of Contracts	Expiration Date		Notional Amount		Value		Unrealized Appreciation	Unrealized Depreciation
S&P 500® E-Mini Index	5		09/20/2019		$    749,623		$    745,575	$    —	$    (4,048)

The notes are an integral part of this report. Transamerica Funds Page    11

Transamerica Balanced II

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

SECURITY VALUATION:

Valuation Inputs ^(L)

	Level 1 - Unadjusted Quoted Prices			Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs (M)		Value
ASSETS
Investments
Common Stocks	$	70,716,806		$	—	$	—	$	70,716,806
Preferred Stocks		100,195			—		—		100,195
Asset-Backed Securities		—			4,056,521		—		4,056,521
Corporate Debt Securities		—			16,763,522		0		16,763,522
Foreign Government Obligations		—			680,846		—		680,846
Mortgage-Backed Securities		—			5,237,885		—		5,237,885
Municipal Government Obligations		—			414,799		—		414,799
U.S. Government Agency Obligations		—			9,341,748		—		9,341,748
U.S. Government Obligations		—			11,528,846		—		11,528,846
Commercial Paper		—			6,010,728		—		6,010,728
Short-Term U.S. Government Obligations		—			822,305		—		822,305
Other Investment Company		758,065			—		—		758,065
Total Investments	$	71,575,066		$	54,857,200	$	0	$	126,432,266
LIABILITIES
Other Financial Instruments
Futures Contracts (N)	$	(4,048	)	$	—	$	—	$	(4,048	)
Total Other Financial Instruments	$	(4,048	)	$	—	$	—	$	(4,048	)

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	Non-income producing securities.
(B)	Percentage rounds to less than 0.1% or (0.1)%.
(C)	All or a portion of the securities are on loan. The total value of all securities on loan is $742,429. The amount of securities on loan indicated may not correspond with the securities on loan identified because securities with pending sales are in the process of recall from the brokers.
(D)	Floating or variable rate securities. The rates disclosed are as of July 31, 2019. 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.
(E)	Securities are registered pursuant to Rule 144A of the Securities Act of 1933. Unless otherwise indicated, the securities are deemed to be liquid for purposes of compliance limitations on holdings of illiquid securities and may be resold as transactions exempt from registration, normally to qualified institutional buyers. At July 31, 2019, the total value of 144A securities is $12,496,878, representing 10.4% of the Fund’s net assets.
(F)	Perpetual maturity. The date displayed is the next call date.
(G)	Security deemed worthless.
(H)	Fair valued as determined in good faith in accordance with procedures established by the Board. At July 31, 2019, the value of the security is $0, representing 0.0% of the Fund’s net assets.
(I)	Security is Level 3 of the fair value hierarchy.
(J)	When-issued, delayed-delivery and/or forward commitment (including TBAs) securities. Securities to be settled and delivered after July 31, 2019. Securities may display a coupon rate of 0.00%, as the rate is to be determined at time of settlement.
(K)	Rates disclosed reflect the yields at July 31, 2019.
(L)	There were no transfers in or out of Level 3 during the period ended July 31, 2019. Please reference the Security Valuation section of the Notes to Schedules of Investments for more information regarding security valuation and pricing inputs.
(M)	Level 3 securities were not considered significant to the Fund.
(N)	Futures contracts and/or forward foreign currency contracts are valued at unrealized appreciation (depreciation).

The notes are an integral part of this report. Transamerica Funds Page    12

Transamerica Balanced II

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

PORTFOLIO ABBREVIATIONS:

LIBOR	London Interbank Offered Rate
MTN	Medium Term Note
STRIPS	Separate Trading of Registered Interest and Principal of Securities
TBA	To Be Announced

The notes are an integral part of this report. Transamerica Funds Page    13

Transamerica Bond

SCHEDULE OF INVESTMENTS

At July 31, 2019

(unaudited)

	Principal		Value
ASSET-BACKED SECURITIES - 13.8%
321 Henderson Receivables VI LLC
Series 2010-1A, Class A,
5.56%, 07/15/2059 (A)		$  856,739		$  937,846
Access Point Funding I LLC
Series 2017-A, Class A,
3.06%, 04/15/2029 (A)		180,633		180,457
Battalion CLO XII, Ltd.
Series 2018-12A, Class A1,
3-Month LIBOR + 1.07%, 3.60% (B), 05/17/2031 (A)		2,500,000		2,463,532
Benefit Street Partners CLO VII, Ltd.
Series 2015-VIIA, Class A2R,
3-Month LIBOR + 1.20%, 3.50% (B), 07/18/2027 (A)		525,000		521,272
BRE Grand Islander Timeshare Issuer LLC
Series 2017-1A, Class A,
2.94%, 05/25/2029 (A)		299,128		299,501
BXG Receivables Note Trust
Series 2015-A, Class A,
2.88%, 05/02/2030 (A)		1,392,485		1,383,685
CIFC Funding, Ltd.
Series 2015-2A, Class BR,
3-Month LIBOR + 1.25%, 3.55% (B), 04/15/2027 (A)		2,810,000		2,804,872
Countrywide Asset-Backed Certificates
Series 2002-S3, Class A5,
4.93% (B), 05/25/2032		6,731		6,662
Series 2006-6, Class 2A3,
1-Month LIBOR + 0.28%, 2.55% (B), 09/25/2036		751,861		751,765
ExteNet LLC
Series 2019-1A, Class A2,
3.20%, 07/26/2049 (A)		2,765,000		2,761,351
GSAA Home Equity Trust
Series 2006-1, Class A3,
1-Month LIBOR + 0.33%, 2.60% (B), 01/25/2036		1,438,223		943,586
GSAMP Trust
Series 2006-HE1, Class A2D,
1-Month LIBOR + 0.31%, 2.58% (B), 01/25/2036		93,457		93,504
Hertz Vehicle Financing II, LP
Series 2017-2A, Class A,
3.29%, 10/25/2023 (A)		1,100,000		1,117,107
Hilton Grand Vacations Trust
Series 2013-A, Class A,
2.28%, 01/25/2026 (A)		40,577		40,564
Series 2018-AA, Class C,
4.00%, 02/25/2032 (A)		1,476,413		1,513,557
Jamestown CLO, Ltd.
Series 2014-4A, Class A2R,
3-Month LIBOR + 1.35%, 3.65% (B), 07/15/2026 (A)		2,650,000		2,647,088
JGWPT XXIII LLC
Series 2011-1A, Class A,
4.70%, 10/15/2056 (A)		1,706,985		1,867,223

	Principal		Value
ASSET-BACKED SECURITIES (continued)
Lehman XS Trust
Series 2005-8, Class 1A3,
1-Month LIBOR + 0.35%, 2.62% (B), 12/25/2035		$   1,254,165		$   1,300,571
Longfellow Place CLO, Ltd.
Series 2013-1A, Class ARR,
3-Month LIBOR + 1.34%, 3.64% (B), 04/15/2029 (A)		7,050,000		7,050,649
Mountain View CLO, Ltd.
Series 2014-1A, Class BRR,
3-Month LIBOR + 1.45%, 3.75% (B), 10/15/2026 (A)		2,000,000		1,994,110
MVW Owner Trust
Series 2019-1A, Class A,
2.89%, 11/20/2036 (A)		4,117,182		4,164,852
New Residential Advanced Receivables Trust
Series 2017-T1, Class AT1,
3.21%, 02/15/2051 (A)		9,400,000		9,472,187
Series 2017-T1, Class CT1,
3.71%, 02/15/2051 (A)		1,622,000		1,628,913
NRZ Advance Receivables Trust
Series 2016-T3, Class AT3,
2.83%, 10/15/2051 (A)		4,850,000		4,845,119
Series 2016-T4, Class AT4,
3.11%, 12/15/2050 (A)		6,787,000		6,822,916
Series 2019-T1, Class BT1,
2.84%, 07/15/2052 (A)		3,255,000		3,246,443
Series 2019-T1, Class DT1,
3.33%, 07/15/2052 (A)		2,800,000		2,796,290
Ocwen Master Advance Receivables Trust
Series 2016-T2, Class CT2,
3.81%, 08/16/2049 (A)		1,600,000		1,600,047
Series 2018-T1, Class AT1,
3.30%, 08/15/2049 (A)		6,385,000		6,385,640
Series 2018-T1, Class DT1,
4.24%, 08/15/2049 (A)		3,175,000		3,175,166
Series 2018-T2, Class AT2,
3.60%, 08/15/2050 (A)		785,000		790,698
Series 2018-T2, Class BT2,
3.94%, 08/15/2050 (A)		200,000		201,426
Orange Lake Timeshare Trust
Series 2014-AA, Class A,
2.29%, 07/09/2029 (A)		279,789		278,092
Series 2016-A, Class A,
2.61%, 03/08/2029 (A)		759,061		759,066
Series 2018-A, Class C,
3.74%, 11/08/2030 (A)		1,463,589		1,477,688
Series 2019-A, Class A,
3.06%, 04/09/2038 (A)		950,256		959,351
Series 2019-A, Class C,
3.61%, 04/09/2038 (A)		950,251		960,054
OZLM Funding IV, Ltd.
Series 2013-4A, Class A2R,
3-Month LIBOR + 1.70%, 3.98% (B), 10/22/2030 (A)		3,000,000		2,975,511
SBA Tower Trust
Series 2014-1A, Class C,
2.90% (B), 10/15/2044 (A)		3,245,000		3,245,407
Sierra Timeshare Receivables Funding LLC
Series 2018-3A, Class A,
3.69%, 09/20/2035 (A)		2,064,875		2,119,890
Series 2018-3A, Class D,
5.20%, 09/20/2035 (A)		922,051		925,440

The notes are an integral part of this report. Transamerica Funds Page    1

Transamerica Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
ASSET-BACKED SECURITIES (continued)
Sierra Timeshare Receivables Funding LLC (continued)
Series 2019-1A, Class B,
3.42%, 01/20/2036 (A)		$   1,647,639		$   1,665,919
Series 2019-2A, Class A,
2.59%, 05/20/2036 (A)		2,395,000		2,396,561
Series 2019-2A, Class D,
4.54%, 05/20/2036 (A)		2,430,000		2,431,440
Sofi Consumer Loan Program LLC
Series 2017-1, Class A,
3.28%, 01/26/2026 (A)		544,173		547,560
Soundview Home Loan Trust
Series 2006-3, Class A3,
1-Month LIBOR + 0.16%, 2.43% (B), 11/25/2036		1,172,136		1,160,033
Spirit Master Funding LLC
Series 2014-3A, Class A,
5.74%, 03/20/2042 (A)		4,516,047		4,684,021
Series 2017-1A, Class A,
4.36%, 12/20/2047 (A)		1,734,636		1,788,818
SPS Servicer Advance Receivables Trust
Series 2016-T2, Class AT2,
2.75%, 11/15/2049 (A)		2,811,429		2,809,234
Series 2018-T1, Class AT1,
3.62%, 10/17/2050 (A)		3,450,000		3,488,319
Series 2018-T1, Class CT1,
4.16%, 10/17/2050 (A)		1,000,000		1,010,427
STORE Master Funding I LLC
Series 2015-1A, Class A1,
3.75%, 04/20/2045 (A)		4,372,076		4,431,713
STORE Master Funding LLC
Series 2013-3A, Class A2,
5.21%, 11/20/2043 (A)		606,866		650,482
Series 2014-1A, Class A1,
4.21%, 04/20/2044 (A)		232,826		236,010
TICP CLO I, Ltd.
Series 2015-1A, Class BR,
3-Month LIBOR + 1.30%, 3.58% (B), 07/20/2027 (A)		1,440,000		1,434,482
TICP CLO III, Ltd.
Series 2018-3R, Class B,
3-Month LIBOR + 1.35%, 3.63% (B), 04/20/2028 (A)		1,250,000		1,241,926
Towd Point Mortgage Trust
Series 2016-4, Class A1,
2.25% (B), 07/25/2056 (A)		345,515		342,170
Series 2017-1, Class A1,
2.75% (B), 10/25/2056 (A)		895,462		898,755
Series 2017-3, Class A1,
2.75% (B), 07/25/2057 (A)		1,410,088		1,408,682
Series 2017-4, Class A1,
2.75% (B), 06/25/2057 (A)		1,367,390		1,367,125
Series 2017-6, Class A1,
2.75% (B), 10/25/2057 (A)		2,815,156		2,820,492
Series 2018-2, Class A1,
3.25% (B), 03/25/2058 (A)		4,355,588		4,406,116
Series 2018-3, Class A1,
3.75% (B), 05/25/2058 (A)		8,932,493		9,218,784
Series 2018-5, Class A1A,
3.25% (B), 07/25/2058 (A)		3,534,655		3,573,785
Series 2019-1, Class A1,
3.75% (B), 03/25/2058 (A)		9,995,630		10,384,478
Trafigura Securitisation Finance PLC
Series 2018-1A, Class A2,
3.73%, 03/15/2022 (A)		3,090,000		3,142,502

	Principal		Value
ASSET-BACKED SECURITIES (continued)
Truman Capital Mortgage Loan Trust
Series 2005-1, Class A,
1-Month LIBOR + 0.43%, 2.70% (B), 03/25/2037 (A)		$   22,986		$   23,572
Welk Resorts LLC
Series 2015-AA, Class A,
2.79%, 06/16/2031 (A)		736,971		735,057
Series 2019-AA, Class A,
2.80%, 06/15/2038 (A)		1,971,556		1,969,639
Total Asset-Backed Securities (Cost $156,761,561)				159,777,200
CORPORATE DEBT SECURITIES - 46.1%
Aerospace & Defense - 0.3%
Embraer Netherlands Finance BV
5.40%, 02/01/2027		2,690,000		2,999,350
Northrop Grumman Corp.
3.20%, 02/01/2027		738,000		758,799
				3,758,149
Airlines - 1.6%
America West Airlines Pass-Through Trust
8.06%, 01/02/2022		560,757		582,537
American Airlines Pass-Through Trust
3.70%, 04/01/2028		1,413,611		1,469,024
4.00%, 01/15/2027		2,102,350		2,208,666
Continental Airlines Pass-Through Trust
6.90%, 10/19/2023		122,257		126,964
Delta Air Lines Pass-Through Trust
3.20%, 10/25/2025		1,655,000		1,707,040
4.75%, 11/07/2021		1,088,909		1,104,916
6.82%, 02/10/2024		1,389,969		1,522,989
Northwest Airlines Pass-Through Trust
7.03%, 05/01/2021		768,861		776,626
United Airlines Holdings, Inc.
4.25%, 10/01/2022		1,500,000		1,537,500
4.88%, 01/15/2025		1,500,000		1,567,500
United Airlines Pass-Through Trust
3.75%, 03/03/2028		1,654,978		1,725,149
4.15%, 02/25/2033		2,400,000		2,575,839
4.30%, 02/15/2027		898,868		954,381
US Airways Pass-Through Trust
3.95%, 05/15/2027		302,410		315,753
				18,174,884
Auto Components - 0.3%
Panther BF Aggregator 2, LP / Panther Finance Co., Inc.
6.25%, 05/15/2026 (A)		1,808,000		1,870,738
Weichai International Hong Kong Energy Group Co., Ltd.
Fixed until 09/14/2022(C), 3.75% (B) (D)		1,600,000		1,584,800
				3,455,538
Automobiles - 0.2%
General Motors Co.
6.25%, 10/02/2043		1,982,000		2,146,724
Banks - 6.4%
AIB Group PLC
Fixed until 04/10/2024, 4.26% (B), 04/10/2025 (A)		2,887,000		2,966,481

The notes are an integral part of this report. Transamerica Funds Page    2

Transamerica Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Banks (continued)
Banco Santander SA
2.71%, 06/27/2024		$   2,800,000		$   2,787,684
Bank of America Corp.
Fixed until 01/23/2025, 3.37% (B), 01/23/2026		1,391,000		1,430,746
Fixed until 12/20/2027, 3.42% (B), 12/20/2028		6,296,000		6,486,931
Fixed until 06/20/2024 (C), 5.13% (B)		5,636,000		5,699,687
5.88%, 02/07/2042, MTN		891,000		1,202,211
Barclays Bank PLC
10.18%, 06/12/2021 (A)		2,164,000		2,437,339
Barclays PLC
Fixed until 05/07/2024, 3.93% (B), 05/07/2025		2,016,000		2,036,747
BBVA Bancomer SA
6.50%, 03/10/2021 (A) (E)		4,600,000		4,825,400
BNP Paribas SA
Fixed until 03/14/2022 (C), 6.75% (A) (B)		2,429,000		2,538,305
BPCE SA
3.50%, 10/23/2027 (A)		2,248,000		2,291,610
Citigroup, Inc.
Fixed until 04/24/2024, 3.35% (B), 04/24/2025		2,286,000		2,347,308
Fixed until 03/20/2029, 3.98% (B), 03/20/2030		3,266,000		3,489,907
Commerzbank AG
8.13%, 09/19/2023 (A)		2,281,000		2,638,167
Credit Agricole SA
3.25%, 10/04/2024 (A)		2,423,000		2,467,914
Discover Bank
3.45%, 07/27/2026		2,949,000		3,012,854
First Horizon National Corp.
3.50%, 12/15/2020		1,320,000		1,332,841
HSBC Holdings PLC
Fixed until 09/17/2024 (C), 6.38% (B) (E)		2,805,000		2,916,134
ING Bank NV
5.80%, 09/25/2023 (A)		963,000		1,063,188
Intesa Sanpaolo SpA
5.02%, 06/26/2024 (A)		595,000		602,502
JPMorgan Chase & Co.
Fixed until 07/23/2023, 3.80% (B), 07/23/2024		3,136,000		3,282,819
4.13%, 12/15/2026		2,502,000		2,694,977
National Australia Bank, Ltd.
Fixed until 08/02/2029, 3.93% (B), 08/02/2034 (A) (F)		4,905,000		4,926,386
Royal Bank of Scotland Group PLC
3-Month LIBOR + 1.55%, 3.90% (B), 06/25/2024		1,221,000		1,222,869
UniCredit SpA
6.57%, 01/14/2022 (A)		2,283,000		2,443,115
Wells Fargo & Co.
3-Month LIBOR + 3.77%, 6.18% (B), 09/15/2019 (C)		4,558,000		4,586,487
Wells Fargo Bank NA
5.95%, 08/26/2036		459,000		595,435
				74,326,044
Beverages - 1.9%
Anheuser-Busch Cos. LLC / Anheuser-Busch InBev Worldwide, Inc.
3.65%, 02/01/2026		2,446,000		2,579,772
Anheuser-Busch InBev Finance, Inc.
3.70%, 02/01/2024		1,543,000		1,622,584

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Beverages (continued)
Anheuser-Busch InBev Worldwide, Inc.
4.44%, 10/06/2048		$   844,000		$   902,671
4.75%, 01/23/2029		3,118,000		3,551,848
Constellation Brands, Inc.
2.65%, 11/07/2022		2,509,000		2,518,359
3.15%, 08/01/2029 (E)		1,041,000		1,039,452
3.70%, 12/06/2026		1,624,000		1,700,543
Cott Holdings, Inc.
5.50%, 04/01/2025 (A)		3,260,000		3,341,500
Pernod Ricard SA
4.45%, 01/15/2022 (A)		3,980,000		4,169,506
5.75%, 04/07/2021 (A)		777,000		817,668
				22,243,903
Biotechnology - 0.1%
AbbVie, Inc.
3.20%, 05/14/2026		1,092,000		1,099,015
Building Products - 1.0%
Associated Materials LLC / AMH New Finance, Inc.
9.00%, 01/01/2024 (A)		2,215,000		2,087,637
Builders FirstSource, Inc.
5.63%, 09/01/2024 (A)		4,316,000		4,467,060
Owens Corning
4.20%, 12/15/2022 (G)		4,316,000		4,521,169
				11,075,866
Capital Markets - 2.4%
Bank of New York Mellon Corp.
Fixed until 06/20/2020 (C), 4.95% (B)		1,556,000		1,569,615
Charles Schwab Corp.
3.20%, 03/02/2027		2,314,000		2,396,834
Fixed until 12/01/2027 (C), 5.00% (B)		2,104,000		2,109,260
Credit Suisse AG
6.50%, 08/08/2023 (A)		2,636,000		2,912,706
Credit Suisse Group AG
Fixed until 09/12/2025 (C), 7.25% (A) (B)		4,063,000		4,347,410
Fixed until 07/17/2023 (C), 7.50% (A) (B)		1,848,000		1,963,500
Goldman Sachs Group, Inc.
5.25%, 07/27/2021		2,315,000		2,437,119
Fixed until 05/10/2020 (C), 5.38% (B)		2,768,000		2,792,358
Lazard Group LLC
4.50%, 09/19/2028		2,336,000		2,499,425
Morgan Stanley
3.13%, 01/23/2023, MTN		755,000		769,091
UBS AG
7.63%, 08/17/2022		1,105,000		1,237,523
UBS Group Funding Switzerland AG
Fixed until 08/15/2022, 2.86% (B), 08/15/2023 (A)		1,323,000		1,329,684
Fixed until 08/10/2021 (C), 7.13% (B) (D)		1,055,000		1,101,066
				27,465,591
Chemicals - 0.8%
Mosaic Co.
4.05%, 11/15/2027 (E)		800,000		827,417
NOVA Chemicals Corp.
4.88%, 06/01/2024 (A)		2,800,000		2,884,560
Nutrien, Ltd.
4.20%, 04/01/2029		2,514,000		2,713,312
Syngenta Finance NV
3.93%, 04/23/2021 (A)		2,355,000		2,392,297
				8,817,586

The notes are an integral part of this report. Transamerica Funds Page    3

Transamerica Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Commercial Services & Supplies - 0.4%
Ashtead Capital, Inc.
5.25%, 08/01/2026 (A)		$   1,401,000		$   1,464,045
Stericycle, Inc.
5.38%, 07/15/2024 (A)		2,522,000		2,633,825
				4,097,870
Communications Equipment - 0.8%
CommScope, Inc.
5.50%, 03/01/2024 (A)		5,927,000		6,001,088
IHS Holdco BV
9.50%, 10/27/2021 (A)		1,734,000		1,792,609
Nokia OYJ
3.38%, 06/12/2022		2,050,000		2,082,431
				9,876,128
Construction & Engineering - 0.5%
Ashton Woods USA LLC / Ashton Woods Finance Co.
6.75%, 08/01/2025 (A)		990,000		962,775
9.88%, 04/01/2027 (A)		2,000,000		2,120,000
SBA Tower Trust
2.88%, 07/15/2046 (A)		1,005,000		1,005,820
3.17%, 04/09/2047 (A)		880,000		885,557
3.45%, 03/15/2048 (A)		995,000		1,019,822
				5,993,974
Construction Materials - 0.8%
CRH America Finance, Inc.
3.40%, 05/09/2027 (A)		2,580,000		2,601,951
LafargeHolcim Finance LLC
3.50%, 09/22/2026 (A)		4,266,000		4,276,760
Martin Marietta Materials, Inc.
3.50%, 12/15/2027		2,300,000		2,308,897
				9,187,608
Consumer Finance - 1.5%
Ally Financial, Inc.
3.88%, 05/21/2024		2,830,000		2,921,975
8.00%, 03/15/2020		500,000		515,625
Altice Financing SA
7.50%, 05/15/2026 (A)		1,500,000		1,571,250
BMW Capital LLC
2.80%, 04/11/2026 (A)		2,612,000		2,626,669
Capital One Financial Corp.
3.30%, 10/30/2024		1,877,000		1,943,393
Ford Motor Credit Co. LLC
4.54%, 08/01/2026		1,612,000		1,625,694
Navient Corp.
5.00%, 10/26/2020		2,050,000		2,092,281
Springleaf Finance Corp.
7.13%, 03/15/2026		2,000,000		2,246,250
8.25%, 12/15/2020		1,980,000		2,111,789
				17,654,926
Containers & Packaging - 0.9%
Mauser Packaging Solutions Holding Co.
5.50%, 04/15/2024 (A)		4,750,000		4,742,638

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Containers & Packaging (continued)
Reynolds Group Issuer, Inc. / Reynolds Group Issuer LLC
5.75%, 10/15/2020		$   2,878,250		$   2,888,698
WRKCo, Inc.
3.90%, 06/01/2028		2,405,000		2,484,815
				10,116,151
Diversified Consumer Services - 0.3%
Nationwide Building Society
Fixed until 04/26/2022, 3.62% (B), 04/26/2023 (A)		2,206,000		2,235,356
Fixed until 07/18/2029, 3.96% (B), 07/18/2030 (A)		1,673,000		1,685,678
				3,921,034
Diversified Financial Services - 1.0%
Aircastle, Ltd.
4.25%, 06/15/2026		3,371,000		3,411,117
Aviation Capital Group LLC
7.13%, 10/15/2020 (A)		2,704,000		2,844,969
AXA Equitable Holdings, Inc.
5.00%, 04/20/2048		2,459,000		2,605,994
Virgin Media Secured Finance PLC
5.50%, 05/15/2029 (A)		2,690,000		2,755,905
				11,617,985
Diversified Telecommunication Services - 2.0%
AT&T, Inc.
3.40%, 05/15/2025		3,247,000		3,339,971
CenturyLink, Inc.
5.80%, 03/15/2022		3,035,000		3,156,400
6.45%, 06/15/2021		3,455,000		3,623,604
Hughes Satellite Systems Corp.
7.63%, 06/15/2021		4,855,000		5,212,425
Verizon Communications, Inc.
3.50%, 11/01/2024		870,000		911,109
4.13%, 03/16/2027		2,134,000		2,319,533
Virgin Media Finance PLC
6.00%, 10/15/2024 (A)		4,000,000		4,155,000
				22,718,042
Electric Utilities - 1.2%
Cleveland Electric Illuminating Co.
3.50%, 04/01/2028 (A)		4,009,000		4,114,901
EDP Finance BV
3.63%, 07/15/2024 (A)		7,999,000		8,262,935
Vistra Operations Co. LLC
5.00%, 07/31/2027 (A)		1,247,000		1,276,616
				13,654,452
Electronic Equipment, Instruments & Components - 0.5%
Arrow Electronics, Inc.
3.50%, 04/01/2022		1,657,000		1,678,195
Keysight Technologies, Inc.
4.55%, 10/30/2024		2,150,000		2,291,766
4.60%, 04/06/2027		1,361,000		1,459,683
				5,429,644

The notes are an integral part of this report. Transamerica Funds Page    4

Transamerica Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Energy Equipment & Services - 0.2%
Noble Holding International, Ltd.
6.05%, 03/01/2041 (E)		$   1,736,000		$   911,400
Schlumberger Holdings Corp.
3.90%, 05/17/2028 (A)		1,737,000		1,815,467
				2,726,867
Equity Real Estate Investment Trusts - 2.2%
CBL & Associates, LP
5.25%, 12/01/2023 (E)		997,000		727,810
HCP, Inc.
3.50%, 07/15/2029		1,081,000		1,095,580
3.88%, 08/15/2024		2,877,000		3,047,743
Highwoods Realty, LP
4.20%, 04/15/2029		2,833,000		2,976,386
Hospitality Properties Trust
4.65%, 03/15/2024		3,147,000		3,239,530
Iron Mountain, Inc.
5.25%, 03/15/2028 (A)		2,750,000		2,770,625
iStar, Inc.
5.25%, 09/15/2022		1,946,000		1,977,467
Kilroy Realty, LP
3.45%, 12/15/2024		560,000		575,803
4.38%, 10/01/2025		774,000		825,928
4.75%, 12/15/2028		2,039,000		2,266,577
Life Storage, LP
4.00%, 06/15/2029		1,053,000		1,090,721
VEREIT Operating Partnership, LP
3.95%, 08/15/2027		3,400,000		3,549,046
4.63%, 11/01/2025		1,709,000		1,847,171
				25,990,387
Health Care Equipment & Supplies - 0.3%
Abbott Laboratories
3.75%, 11/30/2026		1,407,000		1,518,139
Becton Dickinson and Co.
3-Month LIBOR + 0.88%, 3.19% (B), 12/29/2020		655,000		655,164
Boston Scientific Corp.
4.70%, 03/01/2049		1,604,000		1,869,466
				4,042,769
Health Care Providers & Services - 1.1%
CHS / Community Health Systems, Inc.
8.00%, 03/15/2026 (A)		725,000		695,094
8.13%, 06/30/2024 (A)		116,000		88,160
CVS Health Corp.
4.78%, 03/25/2038		3,079,000		3,265,550
Express Scripts Holding Co.
4.50%, 02/25/2026		1,028,000		1,111,850
HCA, Inc.
4.13%, 06/15/2029		2,178,000		2,231,078
5.25%, 04/15/2025		2,342,000		2,581,074
Quest Diagnostics, Inc.
4.20%, 06/30/2029		2,067,000		2,237,123
				12,209,929
Hotels, Restaurants & Leisure - 1.6%
International Game Technology PLC
6.50%, 02/15/2025 (A)		2,792,000		3,057,240
MGM Resorts International
5.75%, 06/15/2025		3,900,000		4,215,705
6.63%, 12/15/2021		500,000		541,305

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Hotels, Restaurants & Leisure (continued)
Scientific Games International, Inc.
8.25%, 03/15/2026 (A)		$   3,200,000		$   3,424,896
10.00%, 12/01/2022		2,714,000		2,829,399
Viking Cruises, Ltd.
5.88%, 09/15/2027 (A)		4,525,000		4,683,375
				18,751,920
Household Durables - 0.5%
Beazer Homes, Inc.
8.75%, 03/15/2022		650,000		673,283
Century Communities, Inc.
6.75%, 06/01/2027 (A)		1,319,000		1,363,516
D.R. Horton, Inc.
4.38%, 09/15/2022		2,438,000		2,543,311
KB Home
7.63%, 05/15/2023		795,000		886,425
Whirlpool Corp.
4.75%, 02/26/2029		772,000		843,581
				6,310,116
Independent Power & Renewable Electricity Producers - 0.4%
Calpine Corp.
5.88%, 01/15/2024 (A)		1,850,000		1,891,625
NRG Energy, Inc.
7.25%, 05/15/2026		1,616,000		1,744,666
Vistra Energy Corp.
7.63%, 11/01/2024		1,220,000		1,279,475
				4,915,766
Industrial Conglomerates - 0.1%
General Electric Co.
Fixed until 01/21/2021 (C), 5.00% (B) (E)		1,442,000		1,396,937
Insurance - 1.5%
Aon Corp.
3.75%, 05/02/2029		2,940,000		3,086,887
Athene Global Funding
3.00%, 07/01/2022 (A)		2,495,000		2,525,716
CNA Financial Corp.
3.90%, 05/01/2029		1,187,000		1,246,628
Markel Corp.
5.00%, 05/20/2049		1,176,000		1,314,434
MetLife Capital Trust IV
7.88%, 12/15/2067 (A)		1,281,000		1,643,869
Prudential Financial, Inc.
Fixed until 09/15/2027, 4.50% (B), 09/15/2047		3,725,000		3,746,232
Reinsurance Group of America, Inc.
3.90%, 05/15/2029		753,000		783,834
Swiss Re Finance SA
Fixed until 04/02/2029, 5.00% (B), 04/02/2049 (A)		2,678,000		2,895,379
				17,242,979
Interactive Media & Services - 0.3%
Baidu, Inc.
4.38%, 05/14/2024		1,186,000		1,258,050
Tencent Holdings, Ltd.
3.28%, 04/11/2024 (A)		1,686,000		1,725,854
				2,983,904
Internet & Direct Marketing Retail - 0.1%
Expedia Group, Inc.
3.80%, 02/15/2028		1,270,000		1,304,340

The notes are an integral part of this report. Transamerica Funds Page    5

Transamerica Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
IT Services - 0.3%
DXC Technology Co.
4.75%, 04/15/2027		$   985,000		$   1,058,233
Fidelity National Information Services, Inc.
3.75%, 05/21/2029		760,000		804,964
Fiserv, Inc.
3.50%, 07/01/2029		1,443,000		1,476,218
				3,339,415
Leisure Products - 0.2%
Mattel, Inc.
4.35%, 10/01/2020		960,000		974,400
6.75%, 12/31/2025 (A) (E)		1,500,000		1,576,905
				2,551,305
Media - 2.3%
Charter Communications Operating LLC / Charter Communications Operating Capital
5.13%, 07/01/2049		5,570,000		5,677,885
Clear Channel Worldwide Holdings, Inc.
9.25%, 02/15/2024 (A) (G)		1,240,000		1,345,400
Comcast Corp.
4.15%, 10/15/2028		2,648,000		2,918,376
CSC Holdings LLC
6.63%, 10/15/2025 (A)		2,000,000		2,125,000
6.75%, 11/15/2021		1,315,000		1,407,050
Diamond Sports Group LLC / Diamond Sports Finance Co.
5.38%, 08/15/2026 (A) (F)		1,040,000		1,056,900
6.63%, 08/15/2027 (A) (F)		690,000		705,094
DISH DBS Corp.
5.88%, 07/15/2022		4,615,000		4,664,703
6.75%, 06/01/2021		900,000		936,855
Time Warner Cable LLC
5.00%, 02/01/2020		914,000		924,532
Univision Communications, Inc.
5.13%, 05/15/2023 (A)		2,250,000		2,233,800
6.75%, 09/15/2022 (A)		646,000		657,628
Ziggo BV
5.50%, 01/15/2027 (A)		1,500,000		1,535,625
				26,188,848
Metals & Mining - 0.2%
ArcelorMittal
6.75%, 03/01/2041		1,983,000		2,321,509
Multi-Utilities - 0.9%
Black Hills Corp.
3.15%, 01/15/2027		1,625,000		1,622,361
4.25%, 11/30/2023		2,549,000		2,697,479
5.88%, 07/15/2020		700,000		720,711
Dominion Energy, Inc.
2.58%, 07/01/2020		4,960,000		4,960,472
				10,001,023
Oil, Gas & Consumable Fuels - 4.1%
Anadarko Petroleum Corp.
5.55%, 03/15/2026		4,548,000		5,106,917
Chesapeake Energy Corp.
8.00%, 06/15/2027 (E)		2,380,000		1,904,000
Citgo Holding, Inc.
9.25%, 08/01/2024 (A) (F)		700,000		728,875
Energy Transfer Operating, LP
6.00%, 06/15/2048		3,714,000		4,269,615

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Oil, Gas & Consumable Fuels (continued)
EnLink Midstream Partners, LP
5.05%, 04/01/2045		$   1,095,000		$   919,800
EQM Midstream Partners, LP
6.50%, 07/15/2048		2,310,000		2,265,769
Exxon Mobil Corp.
3.04%, 03/01/2026		2,584,000		2,684,078
Lukoil International Finance BV
6.66%, 06/07/2022 (A)		1,000,000		1,097,302
NuStar Logistics, LP
4.80%, 09/01/2020		1,250,000		1,267,188
5.63%, 04/28/2027		2,000,000		2,064,320
6.00%, 06/01/2026		350,000		369,250
ONEOK Partners, LP
4.90%, 03/15/2025		5,248,000		5,697,595
Petroleos Mexicanos
3.50%, 01/30/2023		2,960,000		2,820,910
6.50%, 01/23/2029		2,832,000		2,767,572
Ras Laffan Liquefied Natural Gas Co., Ltd. III
6.75%, 09/30/2019 (A)		1,445,000		1,453,236
Sabine Pass Liquefaction LLC
6.25%, 03/15/2022		3,496,000		3,775,694
Targa Resources Partners, LP / Targa Resources Partners Finance Corp.
5.13%, 02/01/2025 (E)		2,500,000		2,575,000
Trinidad Petroleum Holdings, Ltd.
9.75%, 08/14/2019 (A)		1,209,000		1,209,000
Western Midstream Operating, LP
4.50%, 03/01/2028		1,792,000		1,783,278
YPF SA
8.50%, 07/28/2025 (A)		2,242,000		2,233,592
				46,992,991
Paper & Forest Products - 0.1%
Celulosa Arauco y Constitucion SA
5.50%, 04/30/2049 (A) (E)		1,560,000		1,684,800
Pharmaceuticals - 1.2%
Allergan Finance LLC
3.25%, 10/01/2022		1,361,000		1,381,792
AstraZeneca PLC
4.00%, 01/17/2029		3,089,000		3,377,597
Bausch Health Cos., Inc.
5.88%, 05/15/2023 (A)		1,111,000		1,118,999
7.00%, 01/15/2028 (A)		617,000		639,366
Bayer Finance LLC
3.00%, 10/08/2021 (A)		2,331,000		2,343,698
Bristol-Myers Squibb Co.
3.20%, 06/15/2026 (A)		1,571,000		1,625,671
Merck & Co., Inc.
3.40%, 03/07/2029		1,505,000		1,602,130
Mylan, Inc.
4.55%, 04/15/2028 (E)		1,332,000		1,402,527
Takeda Pharmaceutical Co., Ltd.
5.00%, 11/26/2028 (A)		747,000		858,391
				14,350,171
Road & Rail - 0.3%
Park Aerospace Holdings, Ltd.
5.50%, 02/15/2024 (A)		2,862,000		3,091,819
Semiconductors & Semiconductor Equipment - 1.0%
Broadcom, Inc.
3.13%, 04/15/2021 (A)		5,000,000		5,027,646
KLA Corp.
4.10%, 03/15/2029		1,181,000		1,273,408

The notes are an integral part of this report. Transamerica Funds Page    6

Transamerica Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Semiconductors & Semiconductor Equipment (continued)
Lam Research Corp.
3.75%, 03/15/2026		$   1,283,000		$   1,355,609
Micron Technology, Inc.
4.64%, 02/06/2024		1,494,000		1,574,890
NXP BV / NXP Funding LLC
4.88%, 03/01/2024 (A)		725,000		777,637
QUALCOMM, Inc.
3.25%, 05/20/2027		1,314,000		1,344,940
				11,354,130
Technology Hardware, Storage & Peripherals - 0.7%
Apple, Inc.
2.85%, 02/23/2023		2,236,000		2,287,749
Dell International LLC / EMC Corp.
6.02%, 06/15/2026 (A)		2,445,000		2,703,297
Western Digital Corp.
4.75%, 02/15/2026 (E)		2,985,000		2,951,419
				7,942,465
Tobacco - 0.6%
Altria Group, Inc.
4.80%, 02/14/2029		1,179,000		1,272,222
BAT Capital Corp.
2.76%, 08/15/2022		1,553,000		1,552,803
3.22%, 08/15/2024		1,101,000		1,109,952
Imperial Brands Finance PLC
3.13%, 07/26/2024 (A)		2,211,000		2,206,188
Reynolds American, Inc.
7.25%, 06/15/2037		340,000		429,495
				6,570,660
Transportation Infrastructure - 0.1%
Penske Truck Leasing Co., LP / PTL Finance Corp.
3.45%, 07/01/2024 (A)		964,000		994,727
Wireless Telecommunication Services - 0.9%
Crown Castle Towers LLC
3.22%, 05/15/2042 (A)		2,705,000		2,726,944
3.72%, 07/15/2043 (A)		160,000		164,533
Sprint Corp.
7.25%, 09/15/2021		2,450,000		2,630,688
7.88%, 09/15/2023		4,250,000		4,738,750
				10,260,915
Total Corporate Debt Securities (Cost $515,497,902)				532,351,806
FOREIGN GOVERNMENT OBLIGATIONS - 1.2%
Argentina - 0.2%
Argentina Republic Government International Bond
7.50%, 04/22/2026		2,801,000		2,394,855
Costa Rica - 0.3%
Costa Rica Government International Bond
7.00%, 04/04/2044 (A)		3,100,000		3,158,156
Dominican Republic - 0.1%
Dominican Republic International Bond
5.50%, 01/27/2025 (D)		1,122,000		1,192,136

	Principal		Value
FOREIGN GOVERNMENT OBLIGATIONS (continued)
Indonesia - 0.3%
Indonesia Government International Bond
4.75%, 01/08/2026 (A)		$   2,780,000		$   3,052,922
Mongolia - 0.0% (H)
Mongolia Government International Bond
5.63%, 05/01/2023 (A) (E)		470,000		479,395
Oman - 0.1%
Oman Government International Bond
5.63%, 01/17/2028 (A)		1,625,000		1,606,313
Qatar - 0.2%
Qatar Government International Bond
3.88%, 04/23/2023 (A)		1,857,000		1,956,814
Saudi Arabia - 0.0% (H)
Saudi Arabia Government International Bond
2.38%, 10/26/2021 (A)		560,000		559,966
Total Foreign Government Obligations (Cost $14,393,008)				14,400,557
LOAN ASSIGNMENTS - 1.1%
Commercial Services & Supplies - 0.5%
Spin Holdco, Inc.
Term Loan B,
3-Month LIBOR + 3.25%, 5.27% (B), 11/14/2022		5,857,137		5,776,602
Diversified Consumer Services - 0.2%
Pre-Paid Legal Services, Inc.
1st Lien Term Loan,
1-Month LIBOR + 3.25%, 7.75% (B), 05/01/2025 (F)		2,894,823		2,888,793
Food & Staples Retailing - 0.2%
Albertsons LLC
Term Loan B6,
1-Month LIBOR + 3.00%, 5.23% (B), 06/22/2023		900,174		901,299
Term Loan B7,
1-Month LIBOR + 3.00%, 5.23% (B), 11/17/2025		206,797		206,991
Give & Go Prepared Foods Corp.
1st Lien Term Loan,
1-Month LIBOR + 4.25%, 6.48% (B), 07/29/2023		1,257,204		1,155,581
				2,263,871
Media - 0.2%
PSAV Holdings LLC
1st Lien Term Loan,
1-Month LIBOR + 3.25%, 5.58% (B), 03/01/2025		985,658		961,017
3-Month LIBOR + 3.25%, 5.58% (B), 03/01/2025		60,271		58,764
1-Month LIBOR + 3.25%, 5.65% (B), 03/01/2025		981,044		956,518
				1,976,299
Total Loan Assignments (Cost $13,029,259)				12,905,565

The notes are an integral part of this report. Transamerica Funds Page    7

Transamerica Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
MORTGAGE-BACKED SECURITIES - 15.1%
20 Times Square Trust
Series 2018-20TS, Class C,
3.10% (B), 05/15/2035 (A)		$   2,400,000		$   2,426,044
AFN LLC
Series 2019-1A, Class A1,
3.78%, 05/20/2049 (A)		4,692,167		4,799,148
Alternative Loan Trust
Series 2005-14, Class 2A1,
1-Month LIBOR + 0.21%, 2.48% (B), 05/25/2035		800,690		763,305
Series 2005-14, Class 4A1,
1-Month LIBOR + 0.22%, 2.49% (B), 05/25/2035		1,632,090		1,528,283
Series 2006-OC1, Class 2A3A,
1-Month LIBOR + 0.32%, 2.59% (B), 03/25/2036		1,662,338		1,489,472
American Home Mortgage Assets Trust
Series 2007-2, Class A1,
1-Month LIBOR + 0.13%, 2.39% (B), 03/25/2047		592,003		547,093
Arroyo Mortgage Trust
Series 2018-1, Class A1,
3.76% (B), 04/25/2048 (A)		1,410,053		1,439,526
Ashford Hospitality Trust
Series 2018-ASHF, Class D,
1-Month LIBOR + 2.10%, 4.43% (B), 04/15/2035 (A)		3,988,000		4,012,964
Banc of America Funding Trust
Series 2007-3, Class TA2,
1-Month LIBOR + 0.18%, 2.45% (B), 04/25/2037		338,695		282,493
BB-UBS Trust
Series 2012-TFT, Class A,
2.89%, 06/05/2030 (A)		240,000		239,547
Series 2012-TFT, Class C,
3.47% (B), 06/05/2030 (A)		2,345,000		2,314,726
BBCMS Mortgage Trust
Series 2017-DELC, Class C,
1-Month LIBOR + 1.20%, 3.53% (B), 08/15/2036 (A)		2,130,000		2,124,671
Series 2017-DELC, Class D,
1-Month LIBOR + 1.70%, 4.03% (B), 08/15/2036 (A)		2,130,000		2,129,981
Series 2017-DELC, Class E,
1-Month LIBOR + 2.50%, 4.83% (B), 08/15/2036 (A)		1,890,000		1,892,359
Series 2018-TALL, Class C,
1-Month LIBOR + 1.12%, 3.45% (B), 03/15/2037 (A)		7,065,000		7,067,173
Series 2018-TALL, Class E,
1-Month LIBOR + 2.44%, 4.76% (B), 03/15/2037 (A)		2,570,000		2,581,252
BHMS Trust
Series 2018-ATLS, Class C,
1-Month LIBOR + 1.90%, 4.23% (B), 07/15/2035 (A)		4,065,000		4,075,136
BX Trust
Series 2017-APPL, Class C,
1-Month LIBOR + 1.40%, 3.73% (B), 07/15/2034 (A)		5,185,000		5,186,572
Series 2017-SLCT, Class C,
1-Month LIBOR + 1.40%, 3.73% (B), 07/15/2034 (A)		3,982,250		3,984,712

	Principal		Value
MORTGAGE-BACKED SECURITIES (continued)
BXP Trust
Series 2017-CQHP, Class D,
1-Month LIBOR + 2.00%, 4.33% (B), 11/15/2034 (A)		$   1,825,000		$   1,818,164
CGBAM Commercial Mortgage Trust
Series 2015-SMRT, Class B,
3.21%, 04/10/2028 (A)		2,200,000		2,204,107
CGMS Commercial Mortgage Trust
Series 2017-MDRB, Class B,
1-Month LIBOR + 1.75%, 4.08% (B), 07/15/2030 (A)		2,200,000		2,198,355
CHL Mortgage Pass-Through Trust
Series 2005-11, Class 4A1,
1-Month LIBOR + 0.27%, 2.54% (B), 04/25/2035		240,127		235,309
Series 2006-3, Class 3A1,
1-Month LIBOR + 0.25%, 2.52% (B), 02/25/2036		347,010		333,587
CHT Mortgage Trust
Series 2017-CSMO, Class C,
1-Month LIBOR + 1.50%, 3.83% (B), 11/15/2036 (A)		2,500,000		2,501,545
Series 2017-CSMO, Class D,
1-Month LIBOR + 2.25%, 4.58% (B), 11/15/2036 (A)		5,750,000		5,767,961
Citigroup Commercial Mortgage Trust
Series 2017-1500, Class C,
1-Month LIBOR + 1.25%, 3.58% (B), 07/15/2032 (A)		1,000,000		998,116
Series 2019-PRM, Class C,
3.90%, 05/10/2036 (A)		2,380,000		2,456,419
Citigroup Mortgage Loan Trust, Inc.
Series 2014-A, Class A,
4.00% (B), 01/25/2035 (A)		111,474		115,326
Series 2015-A, Class A1,
3.50% (B), 06/25/2058 (A)		174,125		175,753
CLNS Trust
Series 2017-IKPR, Class C,
1-Month LIBOR + 1.10%, 3.47% (B), 06/11/2032 (A)		1,725,000		1,724,971
Series 2017-IKPR, Class D,
1-Month LIBOR + 2.05%, 4.42% (B), 06/11/2032 (A)		2,081,000		2,084,221
Commercial Mortgage Pass-Through Certificates Trust
Series 2012-LTRT, Class A2,
3.40%, 10/05/2030 (A)		2,225,000		2,245,991
Series 2012-LTRT, Class B,
3.80%, 10/05/2030 (A)		1,175,000		1,147,040
CORE Mortgage Trust
Series 2019-CORE, Class C,
1-Month LIBOR + 1.30%, 3.63% (B), 12/15/2031 (A)		2,215,000		2,216,386
CSMC Trust
Series 2014-11R, Class 17A1,
1-Month LIBOR + 0.15%, 2.55% (B), 12/27/2036 (A)		863,844		823,121
GPT Mortgage Trust
Series 2018-GPP, Class B,
1-Month LIBOR + 1.28%, 3.61% (B), 06/15/2035 (A)		1,150,000		1,148,559
Series 2018-GPP, Class C,
1-Month LIBOR + 1.40%, 3.73% (B), 06/15/2035 (A)		600,000		596,986

The notes are an integral part of this report. Transamerica Funds Page    8

Transamerica Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
MORTGAGE-BACKED SECURITIES (continued)
GS Mortgage Securities Corp. Trust
Series 2017-SLP, Class B,
3.77%, 10/10/2032 (A)		$   4,842,000		$   4,976,851
Series 2018-FBLU, Class D,
1-Month LIBOR + 2.00%, 4.33% (B), 11/15/2035 (A)		4,950,000		4,974,750
Series 2019-SOHO, Class C,
1-Month LIBOR + 1.30%, 3.63% (B), 06/15/2036 (A)		8,200,000		8,205,041
GS Mortgage Securities Trust
Series 2013-G1, Class A2,
3.56% (B), 04/10/2031 (A)		2,000,000		2,029,805
GSR Mortgage Loan Trust
Series 2007-OA1, Class 2A1,
1-Month LIBOR + 0.13%, 2.39% (B), 05/25/2037		226,338		141,796
HPLY Trust
Series 2019-HIT, Class C,
1-Month LIBOR + 1.60%, 3.93% (B), 11/15/2036 (A)		3,580,000		3,591,214
ILPT Trust
Series 2019-SURF, Class C,
4.29% (B), 02/11/2041 (A)		1,930,000		2,115,697
IndyMac INDX Mortgage Loan Trust
Series 2007-AR15, Class 2A1,
3.77% (B), 08/25/2037		892,589		771,042
InTown Hotel Portfolio Trust
Series 2018-STAY, Class C,
1-Month LIBOR + 1.25%, 3.58% (B), 01/15/2033 (A)		3,835,000		3,833,698
Jefferies Resecuritization Trust
Series 2009-R7, Class 1A1,
4.25% (B), 02/26/2036 (A)		60,136		60,293
JPMorgan Chase Commercial Mortgage Securities Trust
Series 2014-DSTY, Class C,
3.80% (B), 06/10/2027 (A)		2,000,000		1,852,123
Merrill Lynch Mortgage Investors Trust
Series 2006-A1, Class 1A1,
4.39% (B), 03/25/2036		1,398,450		1,139,275
MetLife Securitization Trust
Series 2019-1A, Class A1A,
3.75% (B), 04/25/2058 (A)		1,716,853		1,771,051
Mill City Mortgage Loan Trust
Series 2019-1, Class A1,
3.25% (B), 10/25/2069 (A)		10,188,244		10,330,600
Monarch Beach Resort Trust
Series 2018-MBR, Class D,
1-Month LIBOR + 1.70%, 4.03% (B), 07/15/2035 (A)		2,225,000		2,231,942
Morgan Stanley Capital I Trust
Series 2018-SUN, Class C,
1-Month LIBOR + 1.40%, 3.73% (B), 07/15/2035 (A)		2,015,000		2,020,036
Morgan Stanley Resecuritization Trust
Series 2014-R4, Class 4A,
4.39% (B), 11/21/2035 (A)		877,703		888,798
MSCG Trust
Series 2018-SELF, Class C,
1-Month LIBOR + 1.18%, 3.51% (B), 10/15/2037 (A)		1,375,000		1,376,717

	Principal		Value
MORTGAGE-BACKED SECURITIES (continued)
MSCG Trust (continued)
Series 2018-SELF, Class D,
1-Month LIBOR + 1.65%, 3.98% (B), 10/15/2037 (A)		$   1,110,000		$   1,112,775
New Residential Mortgage Loan Trust
Series 2016-2A, Class A1,
3.75% (B), 11/26/2035 (A)		869,654		892,521
Series 2017-1A, Class A1,
4.00% (B), 02/25/2057 (A)		2,596,935		2,683,515
Series 2017-2A, Class A3,
4.00% (B), 03/25/2057 (A)		1,914,325		1,984,841
Series 2017-3A, Class A1,
4.00% (B), 04/25/2057 (A)		1,373,230		1,418,747
Series 2018-2A, Class A1,
4.50% (B), 02/25/2058 (A)		1,003,333		1,046,850
Series 2019-2A, Class A1,
4.25% (B), 12/25/2057 (A)		3,759,556		3,896,364
Series 2019-3A, Class A1A,
3.75% (B), 11/25/2058 (A)		9,864,967		10,188,262
Series 2019-RPL2, Class A1,
3.25%, 02/25/2049		5,600,000		5,675,099
RALI Trust
Series 2006-QO1, Class 3A1,
1-Month LIBOR + 0.27%, 2.54% (B), 02/25/2046		3,978,413		2,904,050
Series 2006-QO2, Class A1,
1-Month LIBOR + 0.22%, 2.49% (B), 02/25/2046		99,430		37,094
Series 2007-QH5, Class AI1,
1-Month LIBOR + 0.21%, 2.48% (B), 06/25/2037		272,788		238,068
Residential Asset Securitization Trust
Series 2004-A4, Class A11,
5.50%, 08/25/2034		2,265,116		2,370,565
Spirit Master Funding LLC
Series 2014-1A, Class A2,
5.37%, 07/20/2040 (A)		1,202,931		1,222,693
Stonemont Portfolio Trust
Series 2017-MONT, Class C,
1-Month LIBOR + 1.25%, 3.52% (B), 08/20/2030 (A)		969,780		970,074
Tharaldson Hotel Portfolio Trust
Series 2018-THL, Class C,
1-Month LIBOR + 1.35%, 3.71% (B), 11/11/2034 (A)		1,405,489		1,408,108
VNDO Mortgage Trust
Series 2012-6AVE, Class E,
3.34% (B), 11/15/2030 (A)		4,000,000		4,026,924
Wells Fargo Mortgage-Backed Securities Trust
Series 2003-L, Class 1A2,
4.74% (B), 11/25/2033		66,208		68,519
Total Mortgage-Backed Securities (Cost $171,734,506)				174,132,172
MUNICIPAL GOVERNMENT OBLIGATIONS - 0.6%
California - 0.6%
State of California, General Obligation Unlimited
7.30%, 10/01/2039		1,400,000		2,129,526
7.95%, 03/01/2036		4,345,000		4,486,473
Total Municipal Government Obligations (Cost $6,563,048)				6,615,999

The notes are an integral part of this report. Transamerica Funds Page    9

Transamerica Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
U.S. GOVERNMENT AGENCY OBLIGATIONS - 4.4%
Federal Home Loan Mortgage Corp., Interest Only STRIPS
5.00%, 08/01/2035		$   901,217		$   167,935
Federal National Mortgage Association
3.00%, TBA (F)		4,990,000		5,032,590
3.50%, TBA (F)		44,925,000		46,016,537
Total U.S. Government Agency Obligations (Cost $52,100,404)				51,217,062
U.S. GOVERNMENT OBLIGATIONS - 14.2%
U.S. Treasury - 13.2%
U.S. Treasury Bond
2.25%, 08/15/2046		15,726,000		14,849,398
2.50%, 05/15/2046		9,450,000		9,394,260
2.75%, 08/15/2042 - 11/15/2047		23,400,000		24,446,453
3.00%, 08/15/2048 - 02/15/2049		10,489,000		11,500,590
3.13%, 05/15/2048		8,143,000		9,130,021
3.50%, 02/15/2039		6,820,000		8,089,159
4.50%, 02/15/2036		7,145,000		9,415,491
6.25%, 05/15/2030		7,185,000		10,109,800
U.S. Treasury Note
2.00%, 02/28/2021		2,923,000		2,924,256
2.25%, 11/15/2027		1,426,800		1,455,782
2.38%, 02/29/2024		2,953,000		3,021,519
2.50%, 12/31/2020 - 01/31/2024		2,771,700		2,813,173
2.63%, 02/15/2029		6,379,500		6,712,181
2.88%, 10/31/2020 - 10/31/2023		25,006,000		25,608,523
3.13%, 11/15/2028		12,090,900		13,224,422
				152,695,028
U.S. Treasury Inflation-Protected Securities - 1.0%
U.S. Treasury Inflation-Indexed Bond
2.50%, 01/15/2029		9,210,226		11,080,766
Total U.S. Government Obligations (Cost $154,597,665)				163,775,794
	Shares		Value
PREFERRED STOCKS - 0.6%
Banks - 0.3%
CoBank ACB,
Series F, Fixed until 10/01/2022, 6.25% (B) (I)		14,300		1,515,800
GMAC Capital Trust I,
Series 2, 3-Month LIBOR + 5.79%, 8.30% (B)		74,000		1,950,640
				3,466,440
Diversified Telecommunication Services - 0.3%
Centaur Funding Corp.,
Series B, 9.08% (A) (J) (K) (L)		3,533		3,727,315
Total Preferred Stocks (Cost $7,588,912)				7,193,755
	Principal		Value
COMMERCIAL PAPER - 2.4%
Banks - 0.2%
Concord Minutemen Capital Co.
2.37% (M), 10/01/2019		$  3,000,000		2,988,207

	Principal		Value
COMMERCIAL PAPER (continued)
Commercial Services & Supplies - 0.6%
Charta LLC
2.29% (M), 10/25/2019		$   7,100,000		$   7,062,281
Diversified Financial Services - 1.6%
Atlantic Asset Securitization LLC
2.35% (M), 08/20/2019		9,400,000		9,388,540
Chariot Funding LLC
2.58% (M), 08/08/2019		400,000		399,803
Jupiter Securitization Co. LLC
2.47% (M), 09/05/2019		500,000		498,824
Mont Blanc Capital Corp.
2.32% (M), 11/05/2019		4,700,000		4,671,549
Nieuw Amsterdam Receivables Corp.
2.26% (M), 10/15/2019		3,000,000		2,986,125
Sheffield Receivables Corp.
2.55% (M), 08/15/2019		300,000		299,708
				18,244,549
Total Commercial Paper (Cost $28,295,037)				28,295,037
SHORT-TERM U.S. GOVERNMENT OBLIGATIONS - 2.0%
U.S. Treasury Bill
2.15% (M), 09/17/2019		7,300,000		7,279,819
2.20% (M), 10/03/2019		12,600,000		12,552,493
2.42% (M), 08/08/2019		2,925,000		2,923,649
Total Short-Term U.S. Government Obligations (Cost $22,755,961)				22,755,961
	Shares		Value
OTHER INVESTMENT COMPANY - 1.5%
Securities Lending Collateral - 1.5%
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 2.32% (M)		17,678,488		17,678,488
Total Other Investment Company (Cost $17,678,488)				17,678,488
	Principal		Value
REPURCHASE AGREEMENT - 3.9%
Fixed Income Clearing Corp., 1.45% (M), dated 07/31/2019, to be repurchased at $44,596,456 on 08/01/2019. Collateralized by a U.S. Government Obligation, 1.13%, due 02/28/2021, and with a value of $45,487,811.		$  44,594,660		44,594,660
Total Repurchase Agreement (Cost $44,594,660)				44,594,660
Total Investments (Cost $1,205,590,411)				1,235,694,056
Net Other Assets (Liabilities) - (6.9)%				(79,678,442	)
Net Assets - 100.0%				$  1,156,015,614

The notes are an integral part of this report. Transamerica Funds Page    10

Transamerica Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

SECURITY VALUATION:

Valuation Inputs ^(N)

	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs (O)		Value
ASSETS
Investments
Asset-Backed Securities	$	—	$	159,777,200	$	—	$	159,777,200
Corporate Debt Securities		—		532,351,806		—		532,351,806
Foreign Government Obligations		—		14,400,557		—		14,400,557
Loan Assignments		—		12,905,565		—		12,905,565
Mortgage-Backed Securities		—		174,132,172		—		174,132,172
Municipal Government Obligations		—		6,615,999		—		6,615,999
U.S. Government Agency Obligations		—		51,217,062		—		51,217,062
U.S. Government Obligations		—		163,775,794		—		163,775,794
Preferred Stocks		1,950,640		1,515,800		3,727,315		7,193,755
Commercial Paper		—		28,295,037		—		28,295,037
Short-Term U.S. Government Obligations		—		22,755,961		—		22,755,961
Other Investment Company		17,678,488		—		—		17,678,488
Repurchase Agreement		—		44,594,660		—		44,594,660
Total Investments	$	19,629,128	$	1,212,337,613	$	3,727,315	$	1,235,694,056

Transfers

Investments	Transfers from Level 1 to Level 3		Transfers from Level 3 to Level 1		Transfers from Level 2 to Level 3		Transfers from Level 3 to Level 2
Preferred Stocks (I) (L)	$	—	$	—	$	3,727,315	$	1,515,800

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	Securities are registered pursuant to Rule 144A of the Securities Act of 1933. Unless otherwise indicated, the securities are deemed to be liquid for purposes of compliance limitations on holdings of illiquid securities and may be resold as transactions exempt from registration, normally to qualified institutional buyers. At July 31, 2019, the total value of 144A securities is $520,992,813, representing 45.1% of the Fund’s net assets.
(B)	Floating or variable rate securities. The rates disclosed are as of July 31, 2019. For securities based on a published reference rate and spread, the reference rate and spread are indicated within the description. Variable rate securities with a floor or ceiling feature are disclosed at the inherent rate, where applicable. Certain variable rate securities are not based on a published reference rate and spread, but are determined by the issuer or agent and are based on current market conditions; these securities do not indicate a reference rate and spread in the description.
(C)	Perpetual maturity. The date displayed is the next call date.
(D)	Securities are exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside the United States. Securities may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933. At July 31, 2019, the total value of Regulation S securities is $3,878,002, representing 0.3% of the Fund’s net assets.
(E)	All or a portion of the securities are on loan. The total value of all securities on loan is $17,309,992. 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.
(F)	When-issued, delayed-delivery and/or forward commitment (including TBAs) securities. Securities to be settled and delivered after July 31, 2019. Securities may display a coupon rate of 0.00%, as the rate is to be determined at time of settlement.
(G)	Restricted securities. At July 31, 2019, the value of such securities held by the Fund are as follows:

Investments	Description	Acquisition Date		Acquisition Cost		Value		Value as Percentage of Net Assets
Corporate Debt Securities	Owens Corning 4.20%, 12/15/2022		10/17/2012-06/26/2019	$	4,335,879	$	4,521,169		0.4	%
Corporate Debt Securities	Clear Channel Worldwide Holdings, Inc. 9.25%, 02/15/2024		02/07/2019		1,240,000		1,345,400		0.1
Total				$	5,575,879	$	5,866,569		0.5	%

(H)	Percentage rounds to less than 0.1% or (0.1)%.
(I)	Transferred from Level 3 to 2 due to utilizing significant observable inputs. As of prior reporting period, the security utilized significant unobservable inputs.
(J)	Fair valued as determined in good faith in accordance with procedures established by the Board. At July 31, 2019, the value of the security is $3,727,315, representing 0.3% of the Fund’s net assets.
(K)	Security is Level 3 of the fair value hierarchy.

The notes are an integral part of this report. Transamerica Funds Page    11

Transamerica Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

FOOTNOTES TO SCHEDULE OF INVESTMENTS (continued):

(L)	Transferred from Level 2 to 3 due to utilizing significant unobservable inputs. As of prior reporting period, the security utilized significant observable inputs.
(M)	Rates disclosed reflect the yields at July 31, 2019.
(N)	The Fund recognizes transfers in and out of Level 3 as of July 31, 2019. Please reference the Security Valuation section of the Notes to Schedules of Investments for more information regarding security valuation and pricing inputs.
(O)	Level 3 securities were not considered significant to the Fund.

PORTFOLIO ABBREVIATIONS:

LIBOR	London Interbank Offered Rate
MTN	Medium Term Note
STRIPS	Separate Trading of Registered Interest and Principal of Securities
TBA	To Be Announced

The notes are an integral part of this report. Transamerica Funds Page    12

Transamerica Capital Growth

SCHEDULE OF INVESTMENTS

At July 31, 2019

(unaudited)

	Shares		Value
COMMON STOCKS - 93.8%
Biotechnology - 0.6%
Alnylam Pharmaceuticals, Inc. (A)		112,928		$  8,762,084
Moderna, Inc. (A) (B)		361,265		4,732,571
				13,494,655
Chemicals - 4.8%
Ecolab, Inc.		499,914		100,847,651
Entertainment - 12.0%
Netflix, Inc. (A)		148,569		47,986,301
Spotify Technology SA (A)		656,603		101,734,069
Walt Disney Co.		728,871		104,235,842
				253,956,212
Health Care Equipment & Supplies - 6.7%
DexCom, Inc. (A)		251,647		39,475,865
Intuitive Surgical, Inc. (A)		197,420		102,561,664
				142,037,529
Health Care Providers & Services - 3.0%
Convetrus, Inc. (A) (B)		1,013,683		23,993,877
Guardant Health, Inc. (A) (B)		420,174		39,492,154
				63,486,031
Health Care Technology - 2.6%
Veeva Systems, Inc., Class A (A)		330,035		54,752,806
Household Durables - 1.5%
Roku, Inc. (A)		295,225		30,505,599
Interactive Media & Services - 10.6%
Alphabet, Inc., Class C (A)		46,185		56,192,366
Facebook, Inc., Class A (A)		158,658		30,816,143
Snap, Inc., Class A (A)		1,827,340		30,699,312
Twitter, Inc. (A)		2,532,566		107,152,868
				224,860,689
Internet & Direct Marketing Retail - 13.1%
Amazon.com, Inc. (A)		84,359		157,479,694
Chewy, Inc., Class A (A)		513,343		17,227,791
Farfetch, Ltd., Class A (A)		1,182,487		23,767,989
MercadoLibre, Inc. (A)		82,754		51,424,990
Wayfair, Inc., Class A (A)		211,724		27,769,720
				277,670,184
IT Services - 11.9%
Adyen NV (A) (C)		40,824		30,846,033
MongoDB, Inc. (A) (B)		221,064		31,660,786
Okta, Inc. (A)		232,033		30,356,877
Shopify, Inc., Class A (A)		161,484		51,332,534
Square, Inc., Class A (A)		398,577		32,049,577
Twilio, Inc., Class A (A)		552,472		76,854,380
				253,100,187
Life Sciences Tools & Services - 4.3%
Illumina, Inc. (A)		303,975		91,004,035

	Shares		Value
COMMON STOCKS (continued)
Road & Rail - 6.1%
Uber Technologies, Inc. (A) (B)		1,646,423		$   69,380,265
Union Pacific Corp.		334,402		60,175,640
				129,555,905
Semiconductors & Semiconductor Equipment - 1.4%
NVIDIA Corp.		179,691		30,317,466
Software - 15.2%
Atlassian Corp. PLC, Class A (A)		223,278		31,285,713
Coupa Software, Inc. (A)		285,392		38,730,548
ServiceNow, Inc. (A)		270,089		74,919,988
Slack Technologies, Inc., Class A (A) (B)		2,233,340		74,638,223
Trade Desk, Inc., Class A (A)		122,392		32,227,038
Workday, Inc., Class A (A)		351,744		70,341,765
				322,143,275
Total Common Stocks (Cost $1,579,532,595)				1,987,732,224
OTHER INVESTMENT COMPANY - 5.3%
Securities Lending Collateral - 5.3%
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 2.32% (D)		112,348,739		112,348,739
Total Other Investment Company (Cost $112,348,739)				112,348,739
	Principal		Value
REPURCHASE AGREEMENT - 5.5%
Fixed Income Clearing Corp., 1.45% (D), dated 07/31/2019, to be repurchased at $117,146,558 on 08/01/2019. Collateralized by a U.S. Government Obligation, 1.13%, due 02/28/2021, and with a value of $119,484,890.		$  117,141,840		117,141,840
Total Repurchase Agreement (Cost $117,141,840)				117,141,840
Total Investments Excluding Purchased Options (Cost $1,809,023,174)				2,217,222,803
Total Purchased Options - 0.0% (E) (Cost $4,881,701)				925,748
Total Investments (Cost $1,813,904,875)				2,218,148,551
Net Other Assets (Liabilities) - (4.6)%				(97,535,037	)
Net Assets - 100.0%				$  2,120,613,514

The notes are an integral part of this report. Transamerica Funds Page    1

Transamerica Capital Growth

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

OVER-THE-COUNTER FOREIGN EXCHANGE OPTIONS PURCHASED:

Description	Counterparty		Exercise Price			Expiration Date		Notional Amount/ Number of Contracts			Premiums Paid			Value
Put - USD vs. CNH		BNP		USD	7.58		01/17/2020		USD	277,077,459		$	1,418,397		$	228,035
Put - USD vs. CNH		RBS		USD	7.85		06/16/2020		USD	388,428,678			2,004,292			682,081
Put - USD vs. CNH		RBS		USD	8.00		10/21/2019		USD	248,131,293			1,459,012			15,632
Total												$	4,881,701		$	925,748

SECURITY VALUATION:

Valuation Inputs ^(F)

	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Common Stocks	$	1,956,886,191	$	30,846,033	$	—	$	1,987,732,224
Other Investment Company		112,348,739		—		—		112,348,739
Repurchase Agreement		—		117,141,840		—		117,141,840
Over-the-Counter Foreign Exchange Options Purchased		—		925,748		—		925,748
Total Investments	$	2,069,234,930	$	148,913,621	$	—	$	2,218,148,551

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	Non-income producing securities.
(B)	All or a portion of the securities are on loan. The total value of all securities on loan is $109,923,188. 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.
(C)	Security is registered pursuant to Rule 144A of the Securities Act of 1933. Unless otherwise indicated, the security is deemed to be liquid for purposes of compliance limitations on holdings of illiquid securities and may be resold as transactions exempt from registration, normally to qualified institutional buyers. At July 31, 2019, the value of the 144A security is $30,846,033, representing 1.5% of the Fund’s net assets.
(D)	Rates disclosed reflect the yields at July 31, 2019.
(E)	Percentage rounds to less than 0.1% or (0.1)%.
(F)	There were no transfers in or out of Level 3 during the period ended July 31, 2019. Please reference the Security Valuation section of the Notes to Schedules of Investments for more information regarding security valuation and pricing inputs.

CURRENCY ABBREVIATIONS:

CNH	Chinese Yuan Renminbi (offshore)
USD	United States Dollar

COUNTERPARTY ABBREVIATIONS:

BNP	BNP Paribas
RBS	Royal Bank of Scotland PLC

The notes are an integral part of this report. Transamerica Funds Page    2

Transamerica ClearTrack^® 2015

SCHEDULE OF INVESTMENTS

At July 31, 2019

(unaudited)

	Shares		Value
EXCHANGE-TRADED FUNDS - 100.1%
International Equity Funds - 11.7%
Vanguard FTSE Developed Markets ETF (A)		93,629		$  3,825,681
Vanguard FTSE Emerging Markets ETF		18,128		757,025
				4,582,706
International Fixed Income Fund - 5.8%
Vanguard Total International Bond ETF		39,152		2,269,250
U.S. Equity Funds - 34.5%
Schwab U.S. Large-Cap ETF		170,989		12,176,127
Schwab U.S. Small-Cap ETF		17,899		1,296,246
				13,472,373
U.S. Fixed Income Funds - 48.1%
iShares Core U.S. Aggregate Bond ETF		135,550		15,086,715
iShares TIPS Bond ETF		20,049		2,310,447
Xtrackers USD High Yield Corporate Bond ETF		27,361		1,369,144
				18,766,306
Total Exchange-Traded Funds (Cost $35,160,851)				39,090,635
OTHER INVESTMENT COMPANY - 9.9%
Securities Lending Collateral - 9.9%
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 2.32% (B)		3,869,891		3,869,891
Total Other Investment Company (Cost $3,869,891)				3,869,891

	Principal		Value
REPURCHASE AGREEMENT - 0.4%
Fixed Income Clearing Corp., 1.45% (B), dated 07/31/2019, to be repurchased at $169,096 on 08/01/2019. Collateralized by a U.S. Government Obligation, 2.50%, due 02/28/2021, and with a value of $173,289.		$  169,089		$   169,089
Total Repurchase Agreement (Cost $169,089)				169,089
Total Investments (Cost $39,199,831)				43,129,615
Net Other Assets (Liabilities) - (10.4)%				(4,056,620	)
Net Assets - 100.0%				$  39,072,995

SECURITY VALUATION:

Valuation Inputs ^(C)

	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Exchange-Traded Funds	$	39,090,635	$	—	$	—	$	39,090,635
Other Investment Company		3,869,891		—		—		3,869,891
Repurchase Agreement		—		169,089		—		169,089
Total Investments	$	42,960,526	$	169,089	$	—	$	43,129,615

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	All or a portion of the security is on loan. The value of the security on loan is $3,787,395. The amount on loan indicated may not correspond with the security on loan identified because a security with pending sales are in the process of recall from the brokers.
(B)	Rates disclosed reflect the yields at July 31, 2019.
(C)	There were no transfers in or out of Level 3 during the period ended July 31, 2019. Please reference the Security Valuation section of the Notes to Schedules of Investments for more information regarding security valuation and pricing inputs.

The notes are an integral part of this report. Transamerica Funds Page    1

Transamerica ClearTrack^® 2020

SCHEDULE OF INVESTMENTS

At July 31, 2019

(unaudited)

	Shares		Value
EXCHANGE-TRADED FUNDS - 99.3%
International Equity Funds - 14.1%
Vanguard FTSE Developed Markets ETF (A)		162,052		$  6,621,444
Vanguard FTSE Emerging Markets ETF		30,326		1,266,414
				7,887,858
International Fixed Income Fund - 4.9%
Vanguard Total International Bond ETF		46,958		2,721,686
U.S. Equity Funds - 37.3%
Schwab U.S. Large-Cap ETF		267,813		19,070,964
Schwab U.S. Small-Cap ETF		25,378		1,837,875
				20,908,839
U.S. Fixed Income Funds - 43.0%
iShares Core U.S. Aggregate Bond ETF		178,537		19,871,168
iShares TIPS Bond ETF		23,907		2,755,043
Xtrackers USD High Yield Corporate Bond ETF		29,366		1,469,474
				24,095,685
Total Exchange-Traded Funds (Cost $49,822,956)				55,614,068
OTHER INVESTMENT COMPANY - 12.0%
Securities Lending Collateral - 12.0%
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 2.32% (B)		6,697,994		6,697,994
Total Other Investment Company (Cost $6,697,994)				6,697,994

	Principal		Value
REPURCHASE AGREEMENT - 1.0%
Fixed Income Clearing Corp., 1.45% (B), dated 07/31/2019, to be repurchased at $565,943 on 08/01/2019. Collateralized by a U.S. Government Obligation, 2.50%, due 02/28/2021, and with a value of $581,027.		$  565,921		$   565,921
Total Repurchase Agreement (Cost $565,921)				565,921
Total Investments (Cost $57,086,871)				62,877,983
Net Other Assets (Liabilities) - (12.3)%				(6,899,014	)
Net Assets - 100.0%				$  55,978,969

SECURITY VALUATION:

Valuation Inputs ^(C)

	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Exchange-Traded Funds	$	55,614,068	$	—	$	—	$	55,614,068
Other Investment Company		6,697,994		—		—		6,697,994
Repurchase Agreement		—		565,921		—		565,921
Total Investments	$	62,312,062	$	565,921	$	—	$	62,877,983

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	All or a portion of the security is on loan. The value of the security on loan is $6,555,211. The amount on loan indicated may not correspond with the security on loan identified because a security with pending sales are in the process of recall from the brokers.
(B)	Rates disclosed reflect the yields at July 31, 2019.
(C)	There were no transfers in or out of Level 3 during the period ended July 31, 2019. Please reference the Security Valuation section of the Notes to Schedules of Investments for more information regarding security valuation and pricing inputs.

The notes are an integral part of this report. Transamerica Funds Page    1

Transamerica ClearTrack^® 2025

SCHEDULE OF INVESTMENTS

At July 31, 2019

(unaudited)

	Shares		Value
EXCHANGE-TRADED FUNDS - 99.4%
International Equity Funds - 16.8%
Vanguard FTSE Developed Markets ETF (A)		257,688		$  10,529,132
Vanguard FTSE Emerging Markets ETF		47,521		1,984,477
				12,513,609
International Fixed Income Fund - 3.0%
Vanguard Total International Bond ETF		38,727		2,244,617
U.S. Equity Funds - 40.2%
Schwab U.S. Large-Cap ETF		382,676		27,250,358
Schwab U.S. REIT ETF		10,064		454,389
Schwab U.S. Small-Cap ETF		31,976		2,315,702
				30,020,449
U.S. Fixed Income Funds - 39.4%
iShares Core U.S. Aggregate Bond ETF		231,764		25,795,333
iShares TIPS Bond ETF		19,215		2,214,337
Xtrackers USD High Yield Corporate Bond ETF		27,063		1,354,232
				29,363,902
Total Exchange-Traded Funds (Cost $65,745,320)				74,142,577
OTHER INVESTMENT COMPANY - 7.5%
Securities Lending Collateral - 7.5%
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 2.32% (B)		5,628,151		5,628,151
Total Other Investment Company (Cost $5,628,151)				5,628,151

	Principal		Value
REPURCHASE AGREEMENT - 0.8%
Fixed Income Clearing Corp., 1.45% (B), dated 07/31/2019, to be repurchased at $622,926 on 08/01/2019. Collateralized by a U.S. Government Obligation, 2.50%, due 02/28/2021, and with a value of $637,091.		$  622,901		$   622,901
Total Repurchase Agreement (Cost $622,901)				622,901
Total Investments (Cost $71,996,372)				80,393,629
Net Other Assets (Liabilities) - (7.7)%				(5,763,002	)
Net Assets - 100.0%				$  74,630,627

SECURITY VALUATION:

Valuation Inputs ^(C)

	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Exchange-Traded Funds	$	74,142,577	$	—	$	—	$	74,142,577
Other Investment Company		5,628,151		—		—		5,628,151
Repurchase Agreement		—		622,901		—		622,901
Total Investments	$	79,770,728	$	622,901	$	—	$	80,393,629

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	All or a portion of the security is on loan. The value of the security on loan is $5,508,173. The amount on loan indicated may not correspond with the security on loan identified because a security with pending sales are in the process of recall from the brokers.
(B)	Rates disclosed reflect the yields at July 31, 2019.
(C)	There were no transfers in or out of Level 3 during the period ended July 31, 2019. Please reference the Security Valuation section of the Notes to Schedules of Investments for more information regarding security valuation and pricing inputs.

The notes are an integral part of this report. Transamerica Funds Page    1

Transamerica ClearTrack^® 2030

SCHEDULE OF INVESTMENTS

At July 31, 2019

(unaudited)

	Shares		Value
EXCHANGE-TRADED FUNDS - 99.6%
International Equity Funds - 19.2%
Vanguard FTSE Developed Markets ETF (A)		228,133		$  9,321,514
Vanguard FTSE Emerging Markets ETF		41,473		1,731,913
				11,053,427
International Fixed Income Fund - 2.0%
Vanguard Total International Bond ETF		19,493		1,129,814
U.S. Equity Funds - 45.5%
Schwab U.S. Large-Cap ETF		333,062		23,717,345
Schwab U.S. REIT ETF (A)		9,208		415,741
Schwab U.S. Small-Cap ETF		27,171		1,967,724
				26,100,810
U.S. Fixed Income Funds - 32.9%
iShares Core U.S. Aggregate Bond ETF		155,019		17,253,615
iShares TIPS Bond ETF		9,549		1,100,427
Xtrackers USD High Yield Corporate Bond ETF		10,628		531,825
				18,885,867
Total Exchange-Traded Funds (Cost $49,648,301)				57,169,918
OTHER INVESTMENT COMPANY - 16.7%
Securities Lending Collateral - 16.7%
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 2.32% (B)		9,605,029		9,605,029
Total Other Investment Company (Cost $9,605,029)				9,605,029

	Principal		Value
REPURCHASE AGREEMENT - 0.6%
Fixed Income Clearing Corp., 1.45% (B), dated 07/31/2019, to be repurchased at $341,250 on 08/01/2019. Collateralized by a U.S. Government Obligation, 2.50%, due 02/28/2021, and with a value of $351,674.		$  341,236		$   341,236
Total Repurchase Agreement (Cost $341,236)				341,236
Total Investments (Cost $59,594,566)				67,116,183
Net Other Assets (Liabilities) - (16.9)%				(9,698,378	)
Net Assets - 100.0%				$  57,417,805

SECURITY VALUATION:

Valuation Inputs ^(C)

	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Exchange-Traded Funds	$	57,169,918	$	—	$	—	$	57,169,918
Other Investment Company		9,605,029		—		—		9,605,029
Repurchase Agreement		—		341,236		—		341,236
Total Investments	$	66,774,947	$	341,236	$	—	$	67,116,183

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	All or a portion of the securities are on loan. The total value of all securities on loan is $9,399,842. 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.
(B)	Rates disclosed reflect the yields at July 31, 2019.
(C)	There were no transfers in or out of Level 3 during the period ended July 31, 2019. Please reference the Security Valuation section of the Notes to Schedules of Investments for more information regarding security valuation and pricing inputs.

The notes are an integral part of this report. Transamerica Funds Page    1

Transamerica ClearTrack^® 2035

SCHEDULE OF INVESTMENTS

At July 31, 2019

(unaudited)

	Shares		Value
EXCHANGE-TRADED FUNDS - 99.6%
International Equity Funds - 21.8%
Vanguard FTSE Developed Markets ETF (A)		263,508		$  10,766,937
Vanguard FTSE Emerging Markets ETF		50,376		2,103,702
				12,870,639
International Fixed Income Fund - 1.5%
Vanguard Total International Bond ETF		15,391		892,062
U.S. Equity Funds - 50.9%
Schwab U.S. Large-Cap ETF		382,694		27,251,640
Schwab U.S. REIT ETF		12,296		555,164
Schwab U.S. Small-Cap ETF		31,367		2,271,598
				30,078,402
U.S. Fixed Income Fund - 25.4%
iShares Core U.S. Aggregate Bond ETF		134,769		14,999,790
Total Exchange-Traded Funds (Cost $49,686,894)				58,840,893
OTHER INVESTMENT COMPANY - 1.5%
Securities Lending Collateral - 1.5%
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 2.32% (B)		870,696		870,696
Total Other Investment Company (Cost $870,696)				870,696

	Principal		Value
REPURCHASE AGREEMENT - 1.9%
Fixed Income Clearing Corp., 1.45% (B), dated 07/31/2019, to be repurchased at $1,146,571 on 08/01/2019. Collateralized by a U.S. Government Obligation, 2.50%, due 02/28/2021, and with a value of $1,172,247.		$  1,146,525		$   1,146,525
Total Repurchase Agreement (Cost $1,146,525)				1,146,525
Total Investments (Cost $51,704,115)				60,858,114
Net Other Assets (Liabilities) - (3.0)%				(1,764,235	)
Net Assets - 100.0%				$  59,093,879

SECURITY VALUATION:

Valuation Inputs ^(C)

	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Exchange-Traded Funds	$	58,840,893	$	—	$	—	$	58,840,893
Other Investment Company		870,696		—		—		870,696
Repurchase Agreement		—		1,146,525		—		1,146,525
Total Investments	$	59,711,589	$	1,146,525	$	—	$	60,858,114

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	All or a portion of the security is on loan. The value of the security on loan is $852,135. The amount on loan indicated may not correspond with the security on loan identified because a security with pending sales are in the process of recall from the brokers.
(B)	Rates disclosed reflect the yields at July 31, 2019.
(C)	There were no transfers in or out of Level 3 during the period ended July 31, 2019. Please reference the Security Valuation section of the Notes to Schedules of Investments for more information regarding security valuation and pricing inputs.

The notes are an integral part of this report. Transamerica Funds Page    1

Transamerica ClearTrack^® 2040

SCHEDULE OF INVESTMENTS

At July 31, 2019

(unaudited)

	Shares		Value
EXCHANGE-TRADED FUNDS - 99.1%
International Equity Funds - 23.1%
Vanguard FTSE Developed Markets ETF (A)		250,952		$  10,253,899
Vanguard FTSE Emerging Markets ETF		46,037		1,922,505
				12,176,404
International Fixed Income Fund - 1.0%
Vanguard Total International Bond ETF		8,803		510,222
U.S. Equity Funds - 56.3%
Schwab U.S. Large-Cap ETF		379,900		27,052,679
Schwab U.S. REIT ETF (A)		11,967		540,310
Schwab U.S. Small-Cap ETF		28,712		2,079,323
				29,672,312
U.S. Fixed Income Fund - 18.7%
iShares Core U.S. Aggregate Bond ETF		88,434		9,842,704
Total Exchange-Traded Funds (Cost $43,467,713)				52,201,642
OTHER INVESTMENT COMPANY - 6.8%
Securities Lending Collateral - 6.8%
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 2.32% (B)		3,566,268		3,566,268
Total Other Investment Company (Cost $3,566,268)				3,566,268

	Principal		Value
REPURCHASE AGREEMENT - 1.0%
Fixed Income Clearing Corp., 1.45% (B), dated 07/31/2019, to be repurchased at $532,695 on 08/01/2019. Collateralized by a U.S. Government Obligation, 2.50%, due 02/28/2021, and with a value of $545,350.		$  532,673		$   532,673
Total Repurchase Agreement (Cost $532,673)				532,673
Total Investments (Cost $47,566,654)				56,300,583
Net Other Assets (Liabilities) - (6.9)%				(3,642,327	)
Net Assets - 100.0%				$  52,658,256

SECURITY VALUATION:

Valuation Inputs ^(C)

	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Exchange-Traded Funds	$	52,201,642	$	—	$	—	$	52,201,642
Other Investment Company		3,566,268		—		—		3,566,268
Repurchase Agreement		—		532,673		—		532,673
Total Investments	$	55,767,910	$	532,673	$	—	$	56,300,583

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	All or a portion of the securities are on loan. The total value of all securities on loan is $3,490,158. 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.
(B)	Rates disclosed reflect the yields at July 31, 2019.
(C)	There were no transfers in or out of Level 3 during the period ended July 31, 2019. Please reference the Security Valuation section of the Notes to Schedules of Investments for more information regarding security valuation and pricing inputs.

The notes are an integral part of this report. Transamerica Funds Page    1

Transamerica ClearTrack^® 2045

SCHEDULE OF INVESTMENTS

At July 31, 2019

(unaudited)

	Shares		Value
EXCHANGE-TRADED FUNDS - 98.9%
International Equity Funds - 26.2%
Vanguard FTSE Developed Markets ETF (A)		190,163		$  7,770,060
Vanguard FTSE Emerging Markets ETF		34,248		1,430,197
				9,200,257
U.S. Equity Funds - 63.3%
Schwab U.S. Large-Cap ETF		283,991		20,222,999
Schwab U.S. REIT ETF (A)		9,188		414,838
Schwab U.S. Small-Cap ETF		21,302		1,542,691
				22,180,528
U.S. Fixed Income Fund - 9.4%
iShares Core U.S. Aggregate Bond ETF		29,687		3,304,163
Total Exchange-Traded Funds (Cost $28,244,121)				34,684,948
OTHER INVESTMENT COMPANY - 23.5%
Securities Lending Collateral - 23.5%
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 2.32% (B)		8,255,196		8,255,196
Total Other Investment Company (Cost $8,255,196)				8,255,196

	Principal		Value
REPURCHASE AGREEMENT - 1.3%
Fixed Income Clearing Corp., 1.45% (B), dated 07/31/2019, to be repurchased at $439,165 on 08/01/2019. Collateralized by a U.S. Government Obligation, 2.50%, due 02/28/2021, and with a value of $448,512.		$  439,147		$   439,147
Total Repurchase Agreement (Cost $439,147)				439,147
Total Investments (Cost $36,938,464)				43,379,291
Net Other Assets (Liabilities) - (23.7)%				(8,321,454	)
Net Assets - 100.0%				$  35,057,837

SECURITY VALUATION:

Valuation Inputs ^(C)

	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Exchange-Traded Funds	$	34,684,948	$	—	$	—	$	34,684,948
Other Investment Company		8,255,196		—		—		8,255,196
Repurchase Agreement		—		439,147		—		439,147
Total Investments	$	42,940,144	$	439,147	$	—	$	43,379,291

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	All or a portion of the securities are on loan. The total value of all securities on loan is $8,078,242. 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.
(B)	Rates disclosed reflect the yields at July 31, 2019.
(C)	There were no transfers in or out of Level 3 during the period ended July 31, 2019. Please reference the Security Valuation section of the Notes to Schedules of Investments for more information regarding security valuation and pricing inputs.

The notes are an integral part of this report. Transamerica Funds Page    1

Transamerica ClearTrack^® 2050

SCHEDULE OF INVESTMENTS

At July 31, 2019

(unaudited)

	Shares		Value
EXCHANGE-TRADED FUNDS - 99.0%
International Equity Funds - 28.8%
Vanguard FTSE Developed Markets ETF (A)		162,061		$  6,621,812
Vanguard FTSE Emerging Markets ETF		28,892		1,206,530
				7,828,342
U.S. Equity Funds - 64.1%
Schwab U.S. Large-Cap ETF		224,782		16,006,726
Schwab U.S. REIT ETF (A)		7,875		355,556
Schwab U.S. Small-Cap ETF		15,078		1,091,949
				17,454,231
U.S. Fixed Income Fund - 6.1%
iShares Core U.S. Aggregate Bond ETF		14,986		1,667,942
Total Exchange-Traded Funds (Cost $21,889,366)				26,950,515
OTHER INVESTMENT COMPANY - 25.9%
Securities Lending Collateral - 25.9%
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 2.32% (B)		7,058,935		7,058,935
Total Other Investment Company (Cost $7,058,935)				7,058,935

	Principal		Value
REPURCHASE AGREEMENT - 1.3%
Fixed Income Clearing Corp., 1.45% (B), dated 07/31/2019, to be repurchased at $350,686 on 08/01/2019. Collateralized by a U.S. Government Obligation, 2.50%, due 02/28/2021, and with a value of $361,867.		$  350,672		$   350,672
Total Repurchase Agreement (Cost $350,672)				350,672
Total Investments (Cost $29,298,973)				34,360,122
Net Other Assets (Liabilities) - (26.2)%				(7,135,924	)
Net Assets - 100.0%				$  27,224,198

SECURITY VALUATION:

Valuation Inputs ^(C)

	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Exchange-Traded Funds	$	26,950,515	$	—	$	—	$	26,950,515
Other Investment Company		7,058,935		—		—		7,058,935
Repurchase Agreement		—		350,672		—		350,672
Total Investments	$	34,009,450	$	350,672	$	—	$	34,360,122

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	All or a portion of the securities are on loan. The total value of all securities on loan is $6,907,568. 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.
(B)	Rates disclosed reflect the yields at July 31, 2019.
(C)	There were no transfers in or out of Level 3 during the period ended July 31, 2019. Please reference the Security Valuation section of the Notes to Schedules of Investments for more information regarding security valuation and pricing inputs.

The notes are an integral part of this report. Transamerica Funds Page    1

Transamerica ClearTrack^® 2055

SCHEDULE OF INVESTMENTS

At July 31, 2019

(unaudited)

	Shares		Value
EXCHANGE-TRADED FUNDS - 99.8%
International Equity Funds - 28.9%
Vanguard FTSE Developed Markets ETF		3,641		$  148,771
Vanguard FTSE Emerging Markets ETF		650		27,144
				175,915
U.S. Equity Funds - 64.5%
Schwab U.S. Large-Cap ETF		5,048		359,468
Schwab U.S. REIT ETF		177		7,992
Schwab U.S. Small-Cap ETF		338		24,478
				391,938
U.S. Fixed Income Fund - 6.4%
iShares Core U.S. Aggregate Bond ETF		350		38,955
Total Exchange-Traded Funds (Cost $562,662)				606,808
Total Investments (Cost $562,662)				606,808
Net Other Assets (Liabilities) - 0.2%				1,507
Net Assets - 100.0%				$  608,315

SECURITY VALUATION:

Valuation Inputs ^(A)

	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Exchange-Traded Funds	$	606,808	$	—	$	—	$	606,808
Total Investments	$	606,808	$	—	$	—	$	606,808

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A) There were no transfers in or out of Level 3 during the period ended July 31, 2019. Please reference the Security Valuation section of the Notes to Schedules of Investments for more information regarding security valuation and pricing inputs.

The notes are an integral part of this report. Transamerica Funds Page    1

Transamerica ClearTrack^® 2060

SCHEDULE OF INVESTMENTS

At July 31, 2019

(unaudited)

	Shares		Value
EXCHANGE-TRADED FUNDS - 99.8%
International Equity Funds - 28.9%
Vanguard FTSE Developed Markets ETF		3,570		$  145,870
Vanguard FTSE Emerging Markets ETF		638		26,643
				172,513
U.S. Equity Funds - 64.5%
Schwab U.S. Large-Cap ETF		4,949		352,418
Schwab U.S. REIT ETF		178		8,037
Schwab U.S. Small-Cap ETF		332		24,043
				384,498
U.S. Fixed Income Fund - 6.4%
iShares Core U.S. Aggregate Bond ETF		343		38,176
Total Exchange-Traded Funds (Cost $550,808)				595,187
Total Investments (Cost $550,808)				595,187
Net Other Assets (Liabilities) - 0.2%				1,487
Net Assets - 100.0%				$  596,674

SECURITY VALUATION:

Valuation Inputs ^(A)

	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Exchange-Traded Funds	$	595,187	$	—	$	—	$	595,187
Total Investments	$	595,187	$	—	$	—	$	595,187

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A) There were no transfers in or out of Level 3 during the period ended July 31, 2019. Please reference the Security Valuation section of the Notes to Schedules of Investments for more information regarding security valuation and pricing inputs.

The notes are an integral part of this report. Transamerica Funds Page    1

Transamerica ClearTrack^® Retirement Income

SCHEDULE OF INVESTMENTS

At July 31, 2019

(unaudited)

	Shares		Value
EXCHANGE-TRADED FUNDS - 99.1%
International Equity Funds - 5.7%
Vanguard FTSE Developed Markets ETF (A)		74,769		$  3,055,061
Vanguard FTSE Emerging Markets ETF		16,676		696,390
				3,751,451
International Fixed Income Fund - 9.4%
Vanguard Total International Bond ETF		107,415		6,225,773
U.S. Equity Funds - 26.3%
Schwab U.S. Large-Cap ETF (A)		214,242		15,256,173
Schwab U.S. Small-Cap ETF (A)		29,397		2,128,931
				17,385,104
U.S. Fixed Income Funds - 57.7%
iShares Core U.S. Aggregate Bond ETF		269,221		29,964,297
iShares TIPS Bond ETF		39,332		4,532,620
Xtrackers USD High Yield Corporate Bond ETF		72,234		3,614,589
				38,111,506
Total Exchange-Traded Funds (Cost $61,711,627)				65,473,834
OTHER INVESTMENT COMPANY - 6.8%
Securities Lending Collateral - 6.8%
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 2.32% (B)		4,475,877		4,475,877
Total Other Investment Company (Cost $4,475,877)				4,475,877

	Principal		Value
REPURCHASE AGREEMENT - 1.0%
Fixed Income Clearing Corp., 1.45% (B), dated 07/31/2019, to be repurchased at $665,737 on 08/01/2019. Collateralized by a U.S. Government Obligation, 2.50%, due 02/28/2021, and with a value of $682,961.		$  665,710		$   665,710
Total Repurchase Agreement (Cost $665,710)				665,710
Total Investments (Cost $66,853,214)				70,615,421
Net Other Assets (Liabilities) - (6.9)%				(4,569,300	)
Net Assets - 100.0%				$  66,046,121

SECURITY VALUATION:

Valuation Inputs ^(C)

	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Exchange-Traded Funds	$	65,473,834	$	—	$	—	$	65,473,834
Other Investment Company		4,475,877		—		—		4,475,877
Repurchase Agreement		—		665,710		—		665,710
Total Investments	$	69,949,711	$	665,710	$	—	$	70,615,421

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	All or a portion of the securities are on loan. The total value of all securities on loan is $4,380,634. 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.
(B)	Rates disclosed reflect the yields at July 31, 2019.
(C)	There were no transfers in or out of Level 3 during the period ended July 31, 2019. Please reference the Security Valuation section of the Notes to Schedules of Investments for more information regarding security valuation and pricing inputs.

The notes are an integral part of this report. Transamerica Funds Page    1

Transamerica Concentrated Growth

SCHEDULE OF INVESTMENTS

At July 31, 2019

(unaudited)

	Shares		Value
COMMON STOCKS - 99.4%
Biotechnology - 5.2%
BioMarin Pharmaceutical, Inc. (A)		64,093		$  5,083,857
Genmab A/S, ADR (A)		213,055		3,896,776
				8,980,633
Capital Markets - 3.6%
Charles Schwab Corp.		145,446		6,286,176
Chemicals - 5.6%
Albemarle Corp. (B)		49,499		3,611,447
Sherwin-Williams Co.		12,090		6,202,653
				9,814,100
Electronic Equipment, Instruments & Components - 3.0%
Amphenol Corp., Class A		54,856		5,119,162
Equity Real Estate Investment Trusts - 4.9%
American Tower Corp.		40,380		8,545,215
Health Care Equipment & Supplies - 7.9%
Cooper Cos., Inc.		18,237		6,153,164
Danaher Corp.		54,132		7,605,546
				13,758,710
Health Care Providers & Services - 3.2%
Centene Corp. (A)		106,142		5,528,937
Industrial Conglomerates - 4.3%
Roper Technologies, Inc.		20,491		7,451,552
Interactive Media & Services - 7.2%
Alphabet, Inc., Class A (A)		6,079		7,405,438
Facebook, Inc., Class A (A)		26,282		5,104,753
				12,510,191
Internet & Direct Marketing Retail - 3.9%
Amazon.com, Inc. (A)		3,662		6,836,148
IT Services - 12.4%
Accenture PLC, Class A		28,946		5,574,421
Fiserv, Inc. (A)		75,970		8,009,517
Visa, Inc., Class A		45,246		8,053,788
				21,637,726
Life Sciences Tools & Services - 4.3%
Lonza Group AG, ADR		218,937		7,470,130
Oil, Gas & Consumable Fuels - 1.7%
EOG Resources, Inc.		34,446		2,957,189
Pharmaceuticals - 2.9%
Roche Holding AG, ADR		151,225		5,073,599
Professional Services - 4.1%
Verisk Analytics, Inc.		47,244		7,167,860
Software - 14.7%
Adobe, Inc. (A)		24,034		7,182,801
Check Point Software Technologies, Ltd. (A)		42,190		4,723,170

	Shares		Value
COMMON STOCKS (continued)
Software (continued)
Microsoft Corp.		62,340		$   8,495,072
SS&C Technologies Holdings, Inc.		106,884		5,125,088
				25,526,131
Specialty Retail - 3.5%
O’Reilly Automotive, Inc. (A)		15,830		6,027,431
Technology Hardware, Storage & Peripherals - 4.4%
Apple, Inc.		35,466		7,555,677
Textiles, Apparel & Luxury Goods - 2.6%
NIKE, Inc., Class B		52,059		4,478,636
Total Common Stocks (Cost $112,017,631)				172,725,203
OTHER INVESTMENT COMPANY - 2.0%
Securities Lending Collateral - 2.0%
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 2.32% (C)		3,544,114		3,544,114
Total Other Investment Company (Cost $3,544,114)				3,544,114
	Principal		Value
REPURCHASE AGREEMENT - 0.8%
Fixed Income Clearing Corp., 1.45% (C), dated 07/31/2019, to be repurchased at $1,410,701 on 08/01/2019. Collateralized by a U.S. Government Obligation, 2.50%, due 02/28/2021, and with a value of $1,442,373.		$  1,410,644		1,410,644
Total Repurchase Agreement (Cost $1,410,644)				1,410,644
Total Investments (Cost $116,972,389)				177,679,961
Net Other Assets (Liabilities) - (2.2)%				(3,743,100	)
Net Assets - 100.0%				$  173,936,861

The notes are an integral part of this report. Transamerica Funds Page  1

Transamerica Concentrated Growth

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

SECURITY VALUATION:

Valuation Inputs ^(D)

	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Common Stocks	$	172,725,203	$	—	$	—	$	172,725,203
Other Investment Company		3,544,114		—		—		3,544,114
Repurchase Agreement		—		1,410,644		—		1,410,644
Total Investments	$	176,269,317	$	1,410,644	$	—	$	177,679,961

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	Non-income producing securities.
(B)	All or a portion of the security is on loan. The value of the security on loan is $3,470,853. The amount on loan indicated may not correspond with the security on loan identified because a security with pending sales are in the process of recall from the brokers.
(C)	Rates disclosed reflect the yields at July 31, 2019.
(D)	There were no transfers in or out of Level 3 during the period ended July 31, 2019. Please reference the Security Valuation section of the Notes to Schedules of Investments for more information regarding security valuation and pricing inputs.

PORTFOLIO ABBREVIATION:

ADR American Depositary Receipt

The notes are an integral part of this report. Transamerica Funds Page    2

Transamerica Core Bond

SCHEDULE OF INVESTMENTS

At July 31, 2019

(unaudited)

	Principal		Value
ASSET-BACKED SECURITIES - 13.2%
ABFC Trust
Series 2005-AQ1, Class A4,
4.73% (A), 01/25/2034		$  148,957		$  151,991
Academic Loan Funding Trust
Series 2013-1A, Class A,
1-Month LIBOR + 0.80%, 3.07% (A), 12/26/2044 (B)		488,680		486,879
American Credit Acceptance Receivables Trust
Series 2016-2, Class C,
6.09%, 05/12/2022 (B)		533,361		537,301
Series 2016-3, Class C,
4.26%, 08/12/2022 (B)		660,204		664,805
Series 2016-4, Class C,
2.91%, 02/13/2023 (B)		160,180		160,234
Series 2018-2, Class B,
3.46%, 08/10/2022 (B)		1,156,000		1,159,265
American Homes 4 Rent Trust
Series 2014-SFR2, Class A,
3.79%, 10/17/2036 (B)		2,032,540		2,122,022
Series 2014-SFR2, Class E,
6.23%, 10/17/2036 (B)		200,000		224,501
Series 2014-SFR3, Class D,
5.04%, 12/17/2036 (B)		270,000		290,353
Series 2014-SFR3, Class E,
6.42%, 12/17/2036 (B)		725,000		817,671
Series 2015-SFR1, Class A,
3.47%, 04/17/2052 (B)		922,592		949,793
Series 2015-SFR1, Class D,
4.41%, 04/17/2052 (B)		1,800,000		1,879,793
Series 2015-SFR1, Class E,
5.64%, 04/17/2052 (B)		825,000		901,275
Series 2015-SFR2, Class E,
6.07%, 10/17/2052 (B)		1,155,000		1,296,899
American Tower Trust #1
Series 2013-2A, Class 2A,
3.07%, 03/15/2048 (B)		400,000		403,400
AmeriCredit Automobile Receivables Trust
Series 2016-4, Class B,
1.83%, 12/08/2021		700,000		697,872
Series 2017-1, Class B,
2.30%, 02/18/2022		406,000		405,482
Series 2017-1, Class C,
2.71%, 08/18/2022		218,000		218,662
Series 2017-1, Class D,
3.13%, 01/18/2023		489,000		492,218
Anchor Assets IX LLC
Series 2016-1, Class A,
5.13%, 02/15/2020 (B)		861,862		861,862
ARIVO
Series 2018-1, Class A,
5.17%, 09/15/2019 (C) (D) (E)		1,628,825		1,628,825
B2R Mortgage Trust
Series 2015-1, Class A1,
2.52%, 05/15/2048 (B)		27,348		27,228
Series 2015-2, Class A,
3.34%, 11/15/2048 (B)		634,209		633,653
Series 2016-1, Class A,
2.57%, 06/15/2049 (B)		930,948		924,282
BCC Funding XIII LLC
Series 2016-1, Class A2,
2.20%, 12/20/2021 (B)		9,343		9,340

	Principal		Value
ASSET-BACKED SECURITIES (continued)
Business Jet Securities LLC
Series 2018-1, Class A,
4.34%, 02/15/2033 (B)		$   1,174,993		$   1,181,410
Series 2018-2, Class A,
4.45%, 06/15/2033 (B)		1,458,299		1,470,317
Series 2019-1, Class A,
4.21%, 07/15/2034 (B)		2,699,774		2,744,340
BXG Receivables Note Trust
Series 2012-A, Class A,
2.66%, 12/02/2027 (B)		108,063		108,018
Cabela’s Credit Card Master Note Trust
Series 2015-2, Class A1,
2.25%, 07/17/2023		185,000		184,783
Camillo Trust
Series 2016-SFR1,
5.00%, 12/05/2023		1,882,959		1,878,840
Capital Auto Receivables Asset Trust
Series 2018-1, Class A3,
2.79%, 01/20/2022 (B)		2,750,000		2,755,769
CarMax Auto Owner Trust
Series 2016-2, Class A3,
1.52%, 02/16/2021		80,182		80,068
CarNow Auto Receivables Trust
Series 2017-1A, Class A,
2.92%, 09/15/2022 (B)		132,212		132,157
Chase Funding Trust
Series 2003-2, Class 2A2,
1-Month LIBOR + 0.56%, 2.83% (A), 02/25/2033		419,129		409,618
Series 2003-6, Class 1A5,
5.02% (A), 11/25/2034		215,615		226,375
CIG Auto Receivables Trust
Series 2017-1A, Class A,
2.71%, 05/15/2023 (B)		208,538		208,630
Citigroup Global Markets Mortgage Securities VII, Inc.
Series 2003-UP1, Class A,
3.95% (A), 04/25/2032 (B)		3,061		3,060
CLUB Credit Trust
Series 2017-P2, Class A,
2.61%, 01/15/2024 (B)		272,714		272,580
Colony American Finance, Ltd.
Series 2016-2, Class A,
2.55%, 11/15/2048 (B)		492,236		489,466
COOF Securitization Trust, Ltd., Interest Only STRIPS
Series 2014-1, Class A,
3.00%, 06/25/2040 (B)		297,892		27,220
Corevest American Finance Trust
Series 2019-1, Class B,
3.88%, 03/15/2052 (B)		1,300,000		1,357,208
CPS Auto Receivables Trust
Series 2014-D, Class C,
4.35%, 11/16/2020 (B)		51,026		51,173
Series 2015-A, Class C,
4.00%, 02/16/2021 (B)		66,262		66,510
Series 2015-C, Class D,
4.63%, 08/16/2021 (B)		482,000		486,612
Series 2016-C, Class C,
3.27%, 06/15/2022 (B)		533,477		534,368
Series 2017-C, Class C,
2.86%, 06/15/2023 (B)		1,150,000		1,150,295
Credit Acceptance Auto Loan Trust
Series 2017-1A, Class A,
2.56%, 10/15/2025 (B)		292,139		292,139
Series 2017-1A, Class B,
3.04%, 12/15/2025 (B)		272,000		272,298

The notes are an integral part of this report. Transamerica Funds Page    1

Transamerica Core Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
ASSET-BACKED SECURITIES (continued)
Credit Acceptance Auto Loan Trust (continued)
Series 2017-1A, Class C,
3.48%, 02/17/2026 (B)		$   250,000		$   250,388
Series 2017-2A, Class C,
3.35%, 06/15/2026 (B)		272,000		273,087
Series 2018-1A, Class A,
3.01%, 02/16/2027 (B)		859,000		862,007
CSMA SFR Holdings LLC
Series 2019-1, Class A,
2.00%, 04/25/2023 (C) (D)		2,062,673		2,061,698
Diamond Resorts Owner Trust
Series 2017-1A, Class A,
3.27%, 10/22/2029 (B)		519,164		522,144
Series 2018-1, Class A,
3.70%, 01/21/2031 (B)		1,034,716		1,049,525
Drive Auto Receivables Trust
Series 2015-BA, Class D,
3.84%, 07/15/2021 (B)		173,814		174,103
Series 2015-DA, Class D,
4.59%, 01/17/2023 (B)		320,368		322,045
Series 2016-CA, Class D,
4.18%, 03/15/2024 (B)		1,126,000		1,144,053
Series 2017-1, Class C,
2.84%, 04/15/2022		500,572		500,846
Series 2017-1, Class D,
3.84%, 03/15/2023		1,983,000		2,004,231
Series 2017-2, Class C,
2.75%, 09/15/2023		898,845		899,328
Series 2017-3, Class D,
3.53%, 12/15/2023 (B)		3,800,000		3,839,414
Series 2017-AA, Class C,
2.98%, 01/18/2022 (B)		182,626		182,786
Series 2017-AA, Class D,
4.16%, 05/15/2024 (B)		648,000		657,500
Series 2018-3, Class C,
3.72%, 09/16/2024		1,625,000		1,644,332
Series 2019-1, Class D,
4.09%, 06/15/2026		645,000		662,048
DT Asset Trust
Series 2017, Class B,
5.84%, 12/16/2022 (C)		1,100,000		1,100,000
DT Auto Owner Trust
Series 2016-4A, Class D,
3.77%, 10/17/2022 (B)		551,861		555,161
Series 2017-1A, Class D,
3.55%, 11/15/2022 (B)		588,000		590,680
Series 2017-2A, Class C,
3.03%, 01/17/2023 (B)		373,467		373,603
Series 2017-3A, Class D,
3.58%, 05/15/2023 (B)		534,000		537,679
Series 2018-1A, Class C,
3.47%, 12/15/2023 (B)		961,000		966,063
Series 2018-1A, Class D,
3.81%, 12/15/2023 (B)		681,000		688,173
Engs Commercial Finance Trust
Series 2016-1A, Class A2,
2.63%, 02/22/2022 (B)		93,444		93,417
Exeter Automobile Receivables Trust
Series 2015-2A, Class C,
3.90%, 03/15/2021 (B)		65,073		65,195
Series 2016-1A, Class C,
5.52%, 10/15/2021 (B)		615,117		619,619
Series 2016-2A, Class B,
3.64%, 02/15/2022 (B)		29,125		29,135
Series 2016-3A, Class B,
2.84%, 08/16/2021 (B)		162,868		162,913
Series 2017-1A, Class C,
3.95%, 12/15/2022 (B)		315,000		318,708

	Principal		Value
ASSET-BACKED SECURITIES (continued)
Exeter Automobile Receivables Trust (continued)
Series 2017-3A, Class A,
2.05%, 12/15/2021 (B)		$   77,940		$   77,888
Series 2018-4A, Class B,
3.64%, 11/15/2022 (B)		744,000		750,807
First Investors Auto Owner Trust
Series 2017-2A, Class B,
2.65%, 11/15/2022 (B)		866,000		866,027
Series 2017-2A, Class C,
3.00%, 08/15/2023 (B)		1,500,000		1,501,413
Series 2017-3A, Class A2,
2.41%, 12/15/2022 (B)		1,089,000		1,088,272
Flagship Credit Auto Trust
Series 2015-3, Class B,
3.68%, 03/15/2022 (B)		118,202		118,434
Series 2015-3, Class C,
4.65%, 03/15/2022 (B)		189,000		191,656
Series 2016-1, Class C,
6.22%, 06/15/2022 (B)		1,050,000		1,083,786
Series 2016-4, Class C,
2.71%, 11/15/2022 (B)		747,000		747,633
Series 2018-3, Class C,
3.79%, 12/16/2024 (B)		2,029,000		2,081,942
Ford Credit Auto Owner Trust
Series 2016-B, Class A3,
1.33%, 10/15/2020		15,582		15,572
Fort Cre LLC
1-Month LIBOR + 2.83%, 4.96% (A), 11/21/2035 (B)		3,195,000		3,194,046
Foundation Finance Trust
Series 2019-1A, Class A,
3.86%, 11/15/2034 (B)		990,886		1,006,919
Freedom Financial Trust
Series 2018-1, Class A,
3.61%, 07/18/2024 (B)		535,055		537,301
Series 2018-2, Class A,
3.99%, 10/20/2025 (B)		1,272,052		1,280,531
GLS Auto Receivables Trust
Series 2016-1A, Class C,
6.90%, 10/15/2021 (B)		611,939		624,171
Series 2017-1A, Class B,
2.98%, 12/15/2021 (B)		1,300,000		1,301,738
GM Financial Automobile Leasing Trust
Series 2017-2, Class A4,
2.18%, 06/21/2021		279,000		278,759
GMAT Trust
Series 2013-1A, Class A,
6.97% (A), 11/25/2043 (B)		4,010		4,012
Gold Key Resorts LLC
Series 2014-A, Class A,
3.22%, 03/17/2031 (B)		83,387		83,335
Golden Bear LLC
Series 2016-R, Class R,
5.65%, 09/20/2047 (B)		440,796		449,127
Goodgreen Trust
Series 2017, Class R1,
5.00%, 10/20/2051		2,368,318		2,334,656
Series 2017-1A, Class A,
3.74%, 10/15/2052 (B)		268,371		276,425
Series 2017-2A, Class A,
3.26%, 10/15/2053 (B)		1,345,539		1,362,353
Hero Funding Trust
Series 2016-3A, Class A1,
3.08%, 09/20/2042 (B)		342,475		347,884
Series 2017-1A, Class A2,
4.46%, 09/20/2047 (B)		880,321		925,235

The notes are an integral part of this report. Transamerica Funds Page    2

Transamerica Core Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
ASSET-BACKED SECURITIES (continued)
Hero Funding Trust (continued)
Series 2017-3A, Class A2,
3.95%, 09/20/2048 (B)		$   1,218,531		$   1,266,399
Hilton Grand Vacations Trust
Series 2017-AA, Class A,
2.66%, 12/26/2028 (B)		269,215		269,820
Hyundai Auto Receivables Trust
Series 2016-A, Class A3,
1.56%, 09/15/2020		2,982		2,981
Kabbage Funding LLC
Series 2019-1, Class A,
3.83%, 03/15/2024 (B)		2,735,000		2,758,612
KGS-Alpha SBA COOF Trust, Interest Only STRIPS
Series 2012-2, Class A,
0.79% (A), 08/25/2038 (B)		1,609,640		37,955
Series 2014-2, Class A,
3.23% (A), 04/25/2040 (B)		274,506		22,362
Mariner Finance Issuance Trust
Series 2019-AA, Class B,
3.51%, 07/20/2032 (B)		1,335,000		1,330,404
Marlette Funding Trust
Series 2018-1A, Class A,
2.61%, 03/15/2028 (B)		229,079		229,011
Nissan Auto Receivables Owner Trust
Series 2016-B, Class A3,
1.32%, 01/15/2021		99,595		99,377
Ocwen Master Advance Receivables Trust
Series 2018-T2, Class CT2,
4.19%, 08/15/2050 (B)		1,280,000		1,289,105
OnDeck Asset Securitization Trust LLC
Series 2018-1A, Class A,
3.50%, 04/18/2022 (B)		696,000		699,196
OneMain Financial Issuance Trust
Series 2015-1A, Class B,
3.85%, 03/18/2026 (B)		179,085		179,248
Series 2016-1A, Class A,
3.66%, 02/20/2029 (B)		446,397		448,131
Oportun Funding IX LLC
Series 2018-B, Class A,
3.91%, 07/08/2024 (B)		2,329,000		2,359,412
Oportun Funding VI LLC
Series 2017-A, Class A,
3.23%, 06/08/2023 (B)		616,000		614,945
Oportun Funding VII LLC
Series 2017-B, Class A,
3.22%, 10/10/2023 (B)		542,000		542,580
Oportun Funding VIII LLC
Series 2018-A, Class A,
3.61%, 03/08/2024 (B)		1,251,000		1,263,691
Oportun Funding X LLC
Series 2018-C, Class A,
4.10%, 10/08/2024 (B)		3,554,000		3,630,354
Pretium Mortgage Credit Partners I LLC
Series 2018-NPL4, Class A1,
4.83% (A), 09/25/2058 (B)		1,251,219		1,262,439
Progress Residential Trust
Series 2015-SFR2, Class A,
2.74%, 06/12/2032 (B)		2,716,605		2,710,026
Series 2015-SFR2, Class B,
3.14%, 06/12/2032 (B)		478,000		476,793
Series 2015-SFR3, Class A,
3.07%, 11/12/2032 (B)		2,472,165		2,467,139
Series 2015-SFR3, Class D,
4.67%, 11/12/2032 (B)		700,000		702,082
Series 2015-SFR3, Class E,
5.66%, 11/12/2032 (B)		275,000		276,579
Series 2017-SFR1, Class C,
3.32%, 08/17/2034 (B)		3,000,000		3,021,349

	Principal		Value
ASSET-BACKED SECURITIES (continued)
Progress Residential Trust (continued)
Series 2018-SFR2, Class E,
4.66%, 08/17/2035 (B)		$   1,284,000		$   1,329,381
Purchasing Power Funding LLC
Series 2018-A, Class A,
3.34%, 08/15/2022 (B)		3,220,000		3,224,432
Renew
Series 2017-1A, Class A,
3.67%, 09/20/2052 (B)		358,016		372,204
Rice Park Financing Trust
Series 2016-A, Class A,
4.63%, 10/31/2041 (B)		1,282,419		1,288,089
Santander Drive Auto Receivables Trust
Series 2015-5, Class E,
4.67%, 02/15/2023 (B)		2,400,000		2,419,394
Santander Retail Auto Lease Trust
Series 2018-A, Class A3,
2.93%, 05/20/2021 (B)		1,298,000		1,302,271
SART
4.75%, 06/15/2025		2,920,820		2,972,518
Sofi Consumer Loan Program LLC
Series 2016-2A, Class A,
3.09%, 10/27/2025 (B)		122,808		123,124
Structured Asset Securities Corp. Mortgage Pass-Through Certificates
Series 2002-AL1, Class A2,
3.45%, 02/25/2032		72,593		70,670
Series 2004-6XS, Class A5A,
6.03% (A), 03/25/2034		137,478		140,501
Series 2004-6XS, Class A5B,
6.05% (A), 03/25/2034		137,478		140,499
Synchrony Card Funding LLC
Series 2019-A1, Class A,
2.95%, 03/15/2025		3,013,000		3,064,526
Synchrony Card Issuance Trust
Series 2018-A1, Class A1,
3.38%, 09/15/2024		1,580,000		1,617,772
Tricolor Auto Securitization Trust
Series 2018-1A, Class A,
5.05%, 12/15/2020 (B)		769,914		776,187
Tricon American Homes Trust
Series 2016-SFR1, Class A,
2.59%, 11/17/2033 (B)		651,040		649,568
Upgrade Receivables Trust
Series 2018-1A, Class A,
3.76%, 11/15/2024 (B)		409,542		411,101
US Auto Funding LLC
Series 2018-1A, Class A,
5.50%, 07/15/2023 (B)		1,318,476		1,344,269
Vericrest Opportunity Loan Trust
Series 2018-NPL2, Class A1,
4.34% (A), 05/25/2048 (B)		1,028,045		1,028,701
Verizon Owner Trust
Series 2016-1A, Class A,
1.42%, 01/20/2021 (B)		5,913		5,909
Series 2017-3A, Class A1A,
2.06%, 04/20/2022 (B)		1,801,000		1,796,776
Series 2018-1A, Class A1A,
2.82%, 09/20/2022 (B)		3,516,000		3,535,297
VM Debt Trust
7.50%, 06/15/2024		1,750,000		1,750,000
VOLT FT1
3.26%, 01/27/2023		277,950		275,876
VOLT LXIV LLC
Series 2017-NP11, Class A1,
3.38% (A), 10/25/2047 (B)		1,585,025		1,583,738

The notes are an integral part of this report. Transamerica Funds Page    3

Transamerica Core Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
ASSET-BACKED SECURITIES (continued)
VOLT LXIX LLC
Series 2018-NPL5, Class A1A,
4.21% (A), 08/25/2048 (B)		$   794,028		$   795,456
VOLT LXVII LLC
Series 2018-NPL3, Class A1,
4.38% (A), 06/25/2048 (B)		1,180,176		1,180,949
VOLT LXVIII LLC
Series 2018-NPL4, Class A1A,
4.34% (A), 07/27/2048 (B)		949,052		950,509
VOLT LXX LLC
Series 2018-NPL6, Class A1A,
4.11% (A), 09/25/2048 (B)		830,719		831,724
VOLT LXXII LLC
Series 2018-NPL8, Class A1A,
4.21% (A), 10/26/2048 (B)		2,648,449		2,653,686
VOLT LXXV LLC
Series 2019-NPL1, Class A1A,
4.34% (A), 01/25/2049 (B)		1,677,410		1,683,635
VSE Voi Mortgage LLC
Series 2018-A, Class A,
3.56%, 02/20/2036 (B)		715,774		734,816
Westgate Resorts LLC
Series 2017-1A, Class A,
3.05%, 12/20/2030 (B)		290,990		291,191
Westlake Automobile Receivables Trust
Series 2016-2A, Class D,
4.10%, 06/15/2021 (B)		229,672		230,336
Series 2017-1A, Class C,
2.70%, 10/17/2022 (B)		256,569		256,648
World Financial Network Credit Card Master Trust
3.14%, 12/15/2025		1,385,000		1,411,149
World Omni Automobile Lease Securitization Trust
Series 2018-A, Class A3,
2.83%, 07/15/2021		1,301,000		1,306,021
Total Asset-Backed Securities (Cost $150,214,214)				151,517,576
CORPORATE DEBT SECURITIES - 25.6%
Aerospace & Defense - 0.4%
Airbus SE
3.15%, 04/10/2027 (B)		327,000		338,614
3.95%, 04/10/2047 (B)		150,000		163,896
Boeing Co.
3.95%, 08/01/2059		740,000		746,970
L3 Harris Technologies, Inc.
3.83%, 04/27/2025		400,000		421,999
Lockheed Martin Corp.
4.50%, 05/15/2036		300,000		347,417
Northrop Grumman Corp.
3.20%, 02/01/2027		268,000		275,553
3.25%, 01/15/2028		130,000		133,951
3.85%, 04/15/2045		49,000		50,925
Precision Castparts Corp.
3.25%, 06/15/2025		100,000		103,992
4.20%, 06/15/2035		150,000		161,852
Rockwell Collins, Inc.
3.20%, 03/15/2024		140,000		144,058
United Technologies Corp.
3.75%, 11/01/2046		285,000		296,532
3.95%, 08/16/2025		120,000		129,186
4.15%, 05/15/2045		148,000		162,201
4.45%, 11/16/2038		120,000		137,689
4.50%, 06/01/2042		542,000		621,473

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Aerospace & Defense (continued)
United Technologies Corp. (continued)
6.70%, 08/01/2028		$   260,000		$   332,498
8.88%, 11/15/2019		250,000		254,504
				4,823,310
Airlines - 0.9%
Air Canada Pass-Through Trust
3.30%, 07/15/2031 (B)		649,928		656,896
3.55%, 07/15/2031 (B)		384,264		387,075
3.60%, 09/15/2028 (B)		503,773		520,951
4.13%, 11/15/2026 (B)		511,951		539,494
American Airlines Pass-Through Trust
3.00%, 04/15/2030		902,360		908,191
3.65%, 12/15/2029 - 08/15/2030		834,099		867,456
3.70%, 04/15/2027 - 04/01/2028		658,259		664,733
5.25%, 07/31/2022		39,263		40,516
British Airways Pass-Through Trust
3.30%, 06/15/2034 (B)		435,000		439,306
4.13%, 03/20/2033 (B)		514,602		538,942
Continental Airlines Pass-Through Trust
4.00%, 04/29/2026		184,507		193,252
5.98%, 10/19/2023		199,949		211,566
Delta Air Lines Pass-Through Trust
4.75%, 11/07/2021		54,829		55,635
6.82%, 02/10/2024		94,090		103,095
Spirit Airlines Pass-Through Trust
3.38%, 08/15/2031		262,966		268,598
United Airlines Pass-Through Trust
2.88%, 04/07/2030		552,424		549,994
3.45%, 01/07/2030		278,180		283,593
3.50%, 09/01/2031		671,110		684,420
3.65%, 07/07/2027		200,451		201,380
3.70%, 09/01/2031		380,263		384,280
4.15%, 02/25/2033		675,000		724,455
4.55%, 02/25/2033		600,000		645,401
				9,869,229
Automobiles - 0.0% (F)
General Motors Co.
6.60%, 04/01/2036		200,000		227,742
KIA Motors Corp.
2.63%, 04/21/2021 (B)		200,000		199,223
				426,965
Banks - 4.7%
ABN AMRO Bank NV
2.45%, 06/04/2020 (B)		279,000		278,982
4.75%, 07/28/2025 (B)		600,000		643,686
AIB Group PLC
4.75%, 10/12/2023 (B)		700,000		735,897
ANZ New Zealand International, Ltd.
2.85%, 08/06/2020 (B)		250,000		250,988
3.45%, 07/17/2027 (B)		222,000		229,958
ASB Bank, Ltd.
3.13%, 05/23/2024 (B)		550,000		560,734
Australia & New Zealand Banking Group, Ltd.
4.40%, 05/19/2026 (B)		200,000		210,159
4.88%, 01/12/2021 (B)		137,000		141,990
Banco Santander SA
3.13%, 02/23/2023		200,000		202,286
Bank of America Corp.
2.50%, 10/21/2022, MTN		27,000		27,014
Fixed until 04/24/2022, 2.88% (A), 04/24/2023		50,000		50,415

The notes are an integral part of this report. Transamerica Funds Page    4

Transamerica Core Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Banks (continued)
Bank of America Corp. (continued)
Fixed until 12/20/2022, 3.00% (A), 12/20/2023		$   2,539,000		$   2,574,229
Fixed until 01/20/2022, 3.12% (A), 01/20/2023, MTN		1,037,000		1,052,216
3.25%, 10/21/2027, MTN		398,000		408,126
Fixed until 01/23/2025, 3.37% (A), 01/23/2026		200,000		205,715
Fixed until 12/20/2027, 3.42% (A), 12/20/2028		306,000		315,280
Fixed until 04/24/2027, 3.71% (A), 04/24/2028		1,300,000		1,366,178
Fixed until 03/05/2028, 3.97% (A), 03/05/2029, MTN		1,300,000		1,388,148
Fixed until 04/23/2039, 4.08% (A), 04/23/2040, MTN		410,000		441,354
Fixed until 03/15/2049, 4.33% (A), 03/15/2050, MTN		410,000		465,415
Bank of Montreal
2.35%, 09/11/2022, MTN		200,000		200,512
Fixed until 12/15/2027, 3.80% (A), 12/15/2032		223,000		227,112
Barclays PLC
3.65%, 03/16/2025		223,000		223,312
3.68%, 01/10/2023		300,000		303,200
Fixed until 02/15/2022, 4.61% (A), 02/15/2023		600,000		617,390
BNP Paribas SA
3.38%, 01/09/2025 (B)		320,000		325,356
3.50%, 03/01/2023 (B)		250,000		256,382
BNZ International Funding, Ltd.
2.65%, 11/03/2022 (B)		650,000		651,988
BPCE SA
4.63%, 07/11/2024 (B)		600,000		633,479
Citigroup, Inc.
2.35%, 08/02/2021		192,000		191,880
2.75%, 04/25/2022		650,000		655,142
Fixed until 04/24/2024, 3.35% (A), 04/24/2025		175,000		179,693
3.40%, 05/01/2026		400,000		414,084
Fixed until 07/24/2027, 3.67% (A), 07/24/2028		900,000		939,059
3.70%, 01/12/2026		1,350,000		1,423,278
Fixed until 01/24/2038, 3.88% (A), 01/24/2039		100,000		106,145
Fixed until 03/20/2029, 3.98% (A), 03/20/2030		850,000		908,273
4.45%, 09/29/2027		85,000		91,644
4.65%, 07/23/2048		390,000		458,854
4.75%, 05/18/2046		400,000		454,141
8.13%, 07/15/2039		56,000		90,240
Citizens Bank NA
3.70%, 03/29/2023		475,000		494,077
Citizens Financial Group, Inc.
2.38%, 07/28/2021		78,000		77,684
4.30%, 12/03/2025		77,000		81,271
Commonwealth Bank of Australia
2.50%, 09/18/2022 (B)		300,000		301,219
2.85%, 05/18/2026 (B)		410,000		415,448
3.45%, 03/16/2023 (B)		410,000		424,670
4.50%, 12/09/2025 (B)		200,000		212,652
Cooperatieve Rabobank UA
4.38%, 08/04/2025		347,000		368,126
4.75%, 01/15/2020, MTN (B)		350,000		353,807
5.80%, 09/30/2110 (B)		300,000		408,968
Credit Agricole SA
4.38%, 03/17/2025 (B)		200,000		210,005

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Banks (continued)
Danske Bank A/S
2.00%, 09/08/2021 (B)		$   201,000		$   197,893
2.70%, 03/02/2022 (B)		213,000		212,901
Discover Bank
4.20%, 08/08/2023		550,000		582,851
Fifth Third Bancorp
3.95%, 03/14/2028		340,000		367,887
Fifth Third Bank
3.85%, 03/15/2026		200,000		211,621
HSBC Holdings PLC
Fixed until 11/22/2022, 3.03% (A), 11/22/2023		447,000		451,587
Fixed until 05/18/2023, 3.95% (A), 05/18/2024		1,007,000		1,049,705
4.00%, 03/30/2022		476,000		494,081
Fixed until 03/13/2027, 4.04% (A), 03/13/2028		695,000		726,239
4.25%, 03/14/2024		500,000		524,005
Industrial & Commercial Bank of China, Ltd.
2.45%, 10/20/2021		400,000		397,121
ING Groep NV
3.95%, 03/29/2027		200,000		212,562
4.10%, 10/02/2023		775,000		819,303
KeyBank NA
3.18%, 10/15/2027		250,000		254,681
KeyCorp
4.15%, 10/29/2025, MTN		235,000		253,531
Lloyds Bank PLC
2.40%, 03/17/2020		400,000		399,834
Lloyds Banking Group PLC
Fixed until 11/07/2022, 2.91% (A), 11/07/2023		200,000		198,934
4.38%, 03/22/2028		339,000		358,827
4.58%, 12/10/2025		200,000		207,825
Macquarie Bank, Ltd.
3.90%, 01/15/2026 (B)		570,000		599,157
Mitsubishi UFJ Financial Group, Inc.
2.53%, 09/13/2023		200,000		199,126
2.67%, 07/25/2022		270,000		271,061
2.95%, 03/01/2021		297,000		298,828
3.41%, 03/07/2024		670,000		692,029
3.75%, 07/18/2039		430,000		442,480
Mizuho Financial Group, Inc.
2.63%, 04/12/2021 (B)		263,000		263,505
National Australia Bank, Ltd.
2.50%, 07/12/2026		250,000		248,536
3.38%, 01/14/2026		500,000		523,858
Fixed until 08/02/2029, 3.93% (A), 08/02/2034 (B)		590,000		591,162
NatWest Markets PLC
3.63%, 09/29/2022 (B)		515,000		522,052
Nordea Bank Abp
4.25%, 09/21/2022 (B)		384,000		399,455
4.88%, 01/27/2020 (B)		200,000		202,438
PNC Financial Services Group, Inc.
4.38%, 08/11/2020		75,000		76,532
5.13%, 02/08/2020		250,000		253,274
Regions Financial Corp.
3.80%, 08/14/2023		200,000		209,488
Royal Bank of Canada
3.70%, 10/05/2023, MTN		600,000		629,155
Royal Bank of Scotland Group PLC
3.88%, 09/12/2023		350,000		356,405
Fixed until 03/22/2024, 4.27% (A), 03/22/2025		255,000		261,146
Fixed until 05/08/2029, 4.45% (A), 05/08/2030 (G)		570,000		588,825

The notes are an integral part of this report. Transamerica Funds Page    5

Transamerica Core Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Banks (continued)
Santander Group Holdings PLC
3.57%, 01/10/2023		$   360,000		$   364,237
Societe Generale SA
2.50%, 04/08/2021 (B)		300,000		299,976
3.88%, 03/28/2024 (B)		540,000		559,005
4.25%, 04/14/2025 (B)		270,000		277,715
Standard Chartered PLC
3.05%, 01/15/2021 (B)		1,000,000		1,005,389
Fixed until 05/21/2029, 4.31% (A), 05/21/2030 (B)		200,000		207,014
Fixed until 03/15/2028, 4.87% (A), 03/15/2033 (B)		300,000		316,110
Sumitomo Mitsui Financial Group, Inc.
2.44%, 10/19/2021		239,000		238,862
2.78%, 07/12/2022 - 10/18/2022		729,000		734,521
2.85%, 01/11/2022		400,000		403,777
2.93%, 03/09/2021		270,000		271,949
3.04%, 07/16/2029		755,000		756,462
3.10%, 01/17/2023		241,000		246,210
Sumitomo Mitsui Trust Bank, Ltd.
2.05%, 10/18/2019 (B)		600,000		599,630
SunTrust Bank
3.30%, 05/15/2026		215,000		220,637
SunTrust Banks, Inc.
2.70%, 01/27/2022		91,000		91,406
2.90%, 03/03/2021		265,000		266,716
Swedbank AB
2.20%, 03/04/2020 (B)		400,000		399,169
Toronto-Dominion Bank
2.13%, 04/07/2021, MTN		115,000		114,857
US Bancorp
2.38%, 07/22/2026, MTN		266,000		263,445
2.63%, 01/24/2022, MTN		133,000		134,046
3.00%, 03/15/2022, MTN		233,000		237,065
3.15%, 04/27/2027, MTN		85,000		88,401
Wells Fargo & Co.
3.00%, 04/22/2026		509,000		515,104
Fixed until 06/17/2026, 3.20% (A), 06/17/2027, MTN		810,000		826,170
3.30%, 09/09/2024, MTN		1,300,000		1,341,352
3.55%, 09/29/2025, MTN		400,000		417,171
3.75%, 01/24/2024, MTN		395,000		413,872
4.10%, 06/03/2026, MTN		121,000		128,123
4.30%, 07/22/2027, MTN		246,000		265,370
4.40%, 06/14/2046, MTN		165,000		180,703
4.65%, 11/04/2044, MTN		184,000		208,888
4.75%, 12/07/2046, MTN		419,000		481,759
4.90%, 11/17/2045, MTN		202,000		236,148
Westpac Banking Corp.
2.85%, 05/13/2026		300,000		305,552
Fixed until 11/23/2026, 4.32% (A), 11/23/2031, MTN		260,000		269,675
4.42%, 07/24/2039		335,000		351,716
				53,835,963
Beverages - 0.5%
Anheuser-Busch Cos. LLC / Anheuser-Busch InBev Worldwide, Inc.
4.70%, 02/01/2036		3,044,000		3,391,996
Anheuser-Busch InBev Finance, Inc.
4.63%, 02/01/2044		85,000		92,299
4.70%, 02/01/2036		154,000		171,605
Anheuser-Busch InBev Worldwide, Inc.
4.75%, 04/15/2058		100,000		110,713
Coca-Cola Femsa SAB de CV
3.88%, 11/26/2023		250,000		262,788

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Beverages (continued)
Constellation Brands, Inc.
4.40%, 11/15/2025		$   185,000		$   202,754
5.25%, 11/15/2048		110,000		130,855
Diageo Capital PLC
4.83%, 07/15/2020		90,000		92,177
Keurig Dr. Pepper, Inc.
3.13%, 12/15/2023		275,000		279,190
3.43%, 06/15/2027		120,000		121,830
4.42%, 05/25/2025		112,000		120,299
4.99%, 05/25/2038		162,000		181,597
PepsiCo, Inc.
4.60%, 07/17/2045		78,000		93,934
				5,252,037
Biotechnology - 0.2%
AbbVie, Inc.
3.20%, 11/06/2022		100,000		101,671
4.40%, 11/06/2042		425,000		420,887
4.45%, 05/14/2046		165,000		163,571
Celgene Corp.
4.55%, 02/20/2048		370,000		424,197
5.70%, 10/15/2040		160,000		199,252
Gilead Sciences, Inc.
4.00%, 09/01/2036		72,000		77,134
4.60%, 09/01/2035		583,000		668,771
				2,055,483
Building Products - 0.0% (F)
Masco Corp.
6.50%, 08/15/2032		410,000		489,865
Capital Markets - 2.4%
Ameriprise Financial, Inc.
2.88%, 09/15/2026		131,000		132,099
Bank of New York Mellon Corp.
2.20%, 08/16/2023, MTN		300,000		298,073
2.50%, 04/15/2021, MTN		267,000		267,988
Fixed until 05/16/2022, 2.66% (A), 05/16/2023, MTN		40,000		40,280
2.80%, 05/04/2026, MTN		76,000		77,137
Charles Schwab Corp.
3.20%, 03/02/2027		500,000		517,899
3.23%, 09/01/2022 (G)		100,000		102,290
Credit Suisse Group AG
Fixed until 01/12/2028, 3.87% (A), 01/12/2029 (B)		250,000		258,278
4.28%, 01/09/2028 (B)		400,000		423,156
Credit Suisse Group Funding Guernsey, Ltd.
3.75%, 03/26/2025		950,000		989,115
Daiwa Securities Group, Inc.
3.13%, 04/19/2022 (B)		244,000		246,240
Deutsche Bank AG
3.30%, 11/16/2022		200,000		198,199
3.70%, 05/30/2024		700,000		692,081
Goldman Sachs Group, Inc.
2.35%, 11/15/2021		751,000		748,248
Fixed until 10/31/2021, 2.88% (A), 10/31/2022		2,150,000		2,163,205
Fixed until 07/24/2022, 2.91% (A), 07/24/2023		300,000		302,268
Fixed until 06/05/2022, 2.91% (A), 06/05/2023		474,000		477,867
Fixed until 09/29/2024, 3.27% (A), 09/29/2025		725,000		740,076
3.50%, 01/23/2025 - 11/16/2026		362,000		373,058

The notes are an integral part of this report. Transamerica Funds Page    6

Transamerica Core Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Capital Markets (continued)
Goldman Sachs Group, Inc. (continued)
Fixed until 06/05/2027, 3.69% (A), 06/05/2028		$   907,000		$   942,854
3.75%, 05/22/2025		101,000		105,491
3.85%, 01/26/2027		815,000		855,085
Fixed until 05/01/2028, 4.22% (A), 05/01/2029		800,000		861,653
4.25%, 10/21/2025		100,000		106,385
Fixed until 04/23/2038, 4.41% (A), 04/23/2039		450,000		491,508
4.80%, 07/08/2044, MTN		390,000		453,825
5.38%, 03/15/2020, MTN		1,021,000		1,039,091
6.75%, 10/01/2037		200,000		265,185
Invesco Finance PLC
4.00%, 01/30/2024		160,000		169,030
Macquarie Group, Ltd.
Fixed until 11/28/2027, 3.76% (A), 11/28/2028 (B)		495,000		506,093
Fixed until 01/15/2029, 5.03% (A), 01/15/2030 (B)		600,000		671,819
6.00%, 01/14/2020 (B)		850,000		863,363
6.25%, 01/14/2021 (B) (G)		725,000		762,177
Morgan Stanley
Fixed until 07/22/2027, 3.59% (A), 07/22/2028		1,067,000		1,108,235
3.63%, 01/20/2027		457,000		477,571
Fixed until 04/24/2023, 3.74% (A), 04/24/2024		1,315,000		1,366,177
Fixed until 01/24/2028, 3.77% (A), 01/24/2029, MTN		278,000		291,419
3.88%, 01/27/2026, MTN		1,279,000		1,353,938
4.00%, 07/23/2025, MTN		1,736,000		1,850,338
4.10%, 05/22/2023, MTN		150,000		157,267
4.30%, 01/27/2045		280,000		310,977
5.00%, 11/24/2025		497,000		549,237
Nomura Holdings, Inc.
6.70%, 03/04/2020		257,000		263,442
Northern Trust Corp.
Fixed until 05/08/2027, 3.38%(A), 05/08/2032		343,000		348,067
State Street Corp.
2.65%, 05/19/2026		150,000		150,847
3.70%, 11/20/2023		615,000		650,237
UBS Group Funding Switzerland AG
Fixed until 08/15/2022, 2.86% (A), 08/15/2023 (B)		200,000		201,010
3.49%, 05/23/2023 (B)		400,000		409,054
4.13%, 09/24/2025 - 04/15/2026 (B)		521,000		556,483
				27,185,415
Chemicals - 0.4%
Air Liquide Finance SA
2.25%, 09/27/2023 (B)		228,000		226,260
Albemarle Corp.
5.45%, 12/01/2044		200,000		214,140
Celanese Holdings LLC
3.50%, 05/08/2024		570,000		585,449
DuPont de Nemours, Inc.
4.49%, 11/15/2025		400,000		437,950
5.32%, 11/15/2038		145,000		171,169
International Flavors & Fragrances, Inc.
4.45%, 09/26/2028		158,000		172,716
5.00%, 09/26/2048		187,000		210,578
Mosaic Co.
4.88%, 11/15/2041		253,000		252,951
5.45%, 11/15/2033		472,000		536,369

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Chemicals (continued)
Nutrien, Ltd.
4.13%, 03/15/2035		$   450,000		$   451,881
4.20%, 04/01/2029		100,000		107,928
5.00%, 04/01/2049		140,000		156,741
Sherwin-Williams Co.
3.13%, 06/01/2024		136,000		138,762
Union Carbide Corp.
7.50%, 06/01/2025		400,000		479,392
7.75%, 10/01/2096		210,000		276,371
Westlake Chemical Corp.
4.38%, 11/15/2047 (G)		160,000		154,587
				4,573,244
Commercial Services & Supplies - 0.1%
ERAC Finance LLC
4.50%, 08/16/2021 (B)		175,000		181,871
5.25%, 10/01/2020 (B)		65,000		67,135
5.63%, 03/15/2042 (B)		141,000		169,898
6.70%, 06/01/2034 (B)		331,000		444,199
Republic Services, Inc.
2.90%, 07/01/2026		96,000		97,071
Waste Management, Inc.
3.45%, 06/15/2029		245,000		257,915
				1,218,089
Communications Equipment - 0.0% (F)
Cisco Systems, Inc.
2.95%, 02/28/2026		73,000		76,004
5.90%, 02/15/2039		100,000		139,238
				215,242
Construction Materials - 0.0% (F)
CRH America, Inc.
5.13%, 05/18/2045 (B)		200,000		216,870
Martin Marietta Materials, Inc.
3.45%, 06/01/2027		276,000		274,153
				491,023
Consumer Finance - 0.6%
American Express Co.
3.40%, 02/27/2023		400,000		413,037
3.63%, 12/05/2024		63,000		65,913
American Express Credit Corp.
2.38%, 05/26/2020, MTN		212,000		211,972
2.70%, 03/03/2022, MTN		90,000		90,818
American Honda Finance Corp.
2.30%, 09/09/2026, MTN		67,000		65,486
BMW Capital LLC
2.25%, 09/15/2023 (B)		330,000		328,133
Capital One Financial Corp.
3.20%, 02/05/2025		123,000		125,387
3.75%, 07/28/2026		200,000		204,898
4.20%, 10/29/2025		150,000		157,645
Capital One NA
2.40%, 09/05/2019		350,000		349,998
2.95%, 07/23/2021		250,000		252,061
Daimler Finance North America LLC
2.88%, 03/10/2021 (B)		550,000		552,441
3.35%, 02/22/2023 (B)		300,000		306,672
General Motors Financial Co., Inc.
3.45%, 04/10/2022		377,000		381,825
3.50%, 11/07/2024		390,000		392,197
3.70%, 05/09/2023		376,000		383,275
3.95%, 04/13/2024		485,000		497,202
4.30%, 07/13/2025		200,000		205,983
4.35%, 04/09/2025		160,000		165,610

The notes are an integral part of this report. Transamerica Funds Page    7

Transamerica Core Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Consumer Finance (continued)
Hyundai Capital America
3.00%, 03/18/2021 (B)		$   250,000		$   250,984
John Deere Capital Corp.
2.70%, 01/06/2023, MTN		482,000		489,430
2.75%, 03/15/2022, MTN		153,000		154,737
2.80%, 09/08/2027, MTN		200,000		203,360
Nissan Motor Acceptance Corp.
1.55%, 09/13/2019 (B)		138,000		137,847
2.55%, 03/08/2021 (B)		500,000		499,281
PACCAR Financial Corp.
2.25%, 02/25/2021, MTN		156,000		156,347
Synchrony Financial
3.70%, 08/04/2026		300,000		302,668
				7,345,207
Containers & Packaging - 0.1%
International Paper Co.
7.30%, 11/15/2039		200,000		263,439
8.70%, 06/15/2038		120,000		173,267
WRKCo, Inc.
3.00%, 09/15/2024		350,000		351,697
3.75%, 03/15/2025		300,000		312,292
				1,100,695
Diversified Consumer Services - 0.3%
President & Fellows of Harvard College
3.30%, 07/15/2056		414,000		419,120
SART
4.75%, 07/15/2024		2,686,131		2,731,795
				3,150,915
Diversified Financial Services - 0.8%
AerCap Ireland Capital DAC / AerCap Global Aviation Trust
3.30%, 01/23/2023		157,000		159,103
Aircastle, Ltd.
4.40%, 09/25/2023		365,000		379,295
Aviation Capital Group LLC
2.88%, 01/20/2022 (B)		300,000		301,878
Blackstone Holdings Finance Co. LLC
5.88%, 03/15/2021 (B)		500,000		526,389
Brookfield Finance, Inc.
3.90%, 01/25/2028		211,000		216,373
4.70%, 09/20/2047		242,000		255,272
4.85%, 03/29/2029		555,000		609,974
China Southern Power Grid International Finance BVI Co., Ltd.
3.50%, 05/08/2027 (B)		480,000		496,853
GE Capital International Funding Co. Unlimited Co.
2.34%, 11/15/2020		1,000,000		995,704
4.42%, 11/15/2035		3,323,000		3,360,546
Jefferies Group LLC
6.25%, 01/15/2036		260,000		293,634
6.45%, 06/08/2027		133,000		152,622
Mitsubishi UFJ Lease & Finance Co., Ltd.
2.65%, 09/19/2022 (B)		294,000		293,496
ORIX Corp.
2.90%, 07/18/2022		201,000		204,258
Protective Life Global Funding
2.00%, 09/14/2021 (B)		400,000		395,806
Voya Financial, Inc.
3.13%, 07/15/2024		550,000		558,484
				9,199,687

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Diversified Telecommunication Services - 1.0%
AT&T, Inc.
3.55%, 06/01/2024		$   230,000		$   238,870
3.60%, 07/15/2025		225,000		234,035
3.95%, 01/15/2025		282,000		297,770
4.13%, 02/17/2026		804,000		860,365
4.30%, 02/15/2030		1,966,000		2,111,733
4.90%, 08/15/2037		1,224,000		1,336,060
5.35%, 09/01/2040		943,000		1,064,255
6.00%, 08/15/2040		200,000		240,373
6.38%, 03/01/2041		240,000		300,702
British Telecommunications PLC
9.63%, 12/15/2030		180,000		271,006
Centel Capital Corp.
9.00%, 10/15/2019		450,000		454,500
Deutsche Telekom International Finance BV
2.82%, 01/19/2022 (B)		150,000		151,183
3.60%, 01/19/2027 (B)		180,000		185,887
GTP Acquisition Partners I LLC
2.35%, 06/15/2045 (B)		77,000		76,738
3.48%, 06/15/2050 (B)		81,000		83,446
Telefonica Emisiones SA
5.13%, 04/27/2020		663,000		675,194
5.46%, 02/16/2021		91,000		94,960
Verizon Communications, Inc.
4.27%, 01/15/2036		400,000		434,285
4.33%, 09/21/2028		307,000		340,614
4.40%, 11/01/2034		1,531,000		1,697,273
4.67%, 03/15/2055		245,000		277,462
4.86%, 08/21/2046		447,000		521,040
				11,947,751
Electric Utilities - 1.5%
AEP Texas, Inc.
6.65%, 02/15/2033		100,000		134,522
Alabama Power Co.
5.60%, 03/15/2033		160,000		198,886
6.00%, 03/01/2039		248,000		332,061
6.13%, 05/15/2038		77,000		103,005
Appalachian Power Co.
6.38%, 04/01/2036		200,000		258,465
6.70%, 08/15/2037		200,000		267,895
Arizona Public Service Co.
5.05%, 09/01/2041		303,000		356,856
Baltimore Gas & Electric Co.
3.50%, 08/15/2046		188,000		186,331
CenterPoint Energy Houston Electric LLC
3.95%, 03/01/2048		154,000		168,240
Comision Federal de Electricidad
4.88%, 05/26/2021 (B)		261,000		269,159
Commonwealth Edison Co.
3.65%, 06/15/2046		162,000		169,038
3.75%, 08/15/2047		300,000		317,232
Duke Energy Corp.
2.65%, 09/01/2026		85,000		84,129
Duke Energy LLC
3.75%, 05/15/2046		200,000		208,406
6.00%, 12/01/2028 - 01/15/2038		633,000		797,359
6.45%, 10/15/2032		100,000		134,509
Duke Energy Progress LLC
3.60%, 09/15/2047		130,000		132,543
3.70%, 10/15/2046		215,000		222,344
Duquesne Light Holdings, Inc.
3.62%, 08/01/2027 (B)		460,000		464,648

The notes are an integral part of this report. Transamerica Funds Page    8

Transamerica Core Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Electric Utilities (continued)
Edison International
5.75%, 06/15/2027		$   350,000		$   390,250
EDP Finance BV
3.63%, 07/15/2024 (B)		300,000		309,899
Enel Finance International NV
3.50%, 04/06/2028 (B)		265,000		265,632
3.63%, 05/25/2027 (B)		270,000		274,050
4.63%, 09/14/2025 (B)		200,000		215,003
Entergy LLC
2.40%, 10/01/2026		237,000		232,171
2.85%, 06/01/2028		166,000		167,327
3.05%, 06/01/2031		189,000		190,847
3.25%, 04/01/2028		387,000		401,967
Evergy, Inc.
4.85%, 06/01/2021		326,000		336,600
Exelon Corp.
3.40%, 04/15/2026		127,000		131,566
FirstEnergy Corp.
4.85%, 07/15/2047		105,000		120,785
Florida Power & Light Co.
3.95%, 03/01/2048		265,000		292,795
4.95%, 06/01/2035		100,000		118,288
5.13%, 06/01/2041		112,000		134,574
5.40%, 09/01/2035		100,000		123,210
Fortis, Inc.
3.06%, 10/04/2026		620,000		620,928
Hydro-Quebec
8.40%, 01/15/2022		420,000		480,850
9.40%, 02/01/2021		100,000		110,310
ITC Holdings Corp.
2.70%, 11/15/2022		300,000		300,864
John Sevier Combined Cycle Generation LLC
4.63%, 01/15/2042		447,182		526,662
Kansas City Power & Light Co.
5.30%, 10/01/2041		500,000		606,364
Korea Southern Power Co., Ltd.
3.00%, 01/29/2021 (B)		200,000		201,396
Massachusetts Electric Co.
4.00%, 08/15/2046 (B)		201,000		210,253
5.90%, 11/15/2039 (B)		55,000		71,024
Mid-Atlantic Interstate Transmission LLC
4.10%, 05/15/2028 (B)		195,000		211,326
MidAmerican Energy Co.
5.75%, 11/01/2035, MTN		600,000		768,839
Nevada Power Co.
5.38%, 09/15/2040		52,000		62,861
5.45%, 05/15/2041		400,000		485,862
New England Power Co.
3.80%, 12/05/2047 (B)		140,000		143,823
New York State Electric & Gas Corp.
3.25%, 12/01/2026 (B)		151,000		155,592
Northern States Power Co.
6.20%, 07/01/2037		89,000		122,560
6.25%, 06/01/2036		150,000		203,305
Ohio Edison Co.
6.88%, 07/15/2036		150,000		202,066
Pennsylvania Electric Co.
3.25%, 03/15/2028 (B)		75,000		75,911
PPL Capital Funding, Inc.
4.20%, 06/15/2022		165,000		171,756
PPL Electric Utilities Corp.
2.50%, 09/01/2022		100,000		100,029
Progress Energy, Inc.
4.40%, 01/15/2021		113,000		115,586
4.88%, 12/01/2019		87,000		87,652

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Electric Utilities (continued)
Public Service Electric & Gas Co.
2.25%, 09/15/2026, MTN		$   140,000		$   136,151
3.65%, 09/01/2042, MTN		138,000		142,496
Southern California Edison Co.
4.05%, 03/15/2042		300,000		304,951
5.50%, 03/15/2040		130,000		156,195
Southern Power Co.
5.15%, 09/15/2041		260,000		287,039
Southwestern Public Service Co.
4.50%, 08/15/2041		100,000		113,602
Three Gorges Finance I Cayman Islands, Ltd.
3.15%, 06/02/2026 (B)		200,000		201,556
Toledo Edison Co.
6.15%, 05/15/2037		200,000		259,461
Tri-State Generation & Transmission Association, Inc.
4.25%, 06/01/2046		124,000		132,780
Virginia Electric & Power Co.
2.75%, 03/15/2023		127,000		128,646
2.95%, 01/15/2022		157,000		159,086
6.00%, 05/15/2037		140,000		182,952
Wisconsin Electric Power Co.
3.65%, 12/15/2042		144,000		146,741
Xcel Energy, Inc.
2.40%, 03/15/2021		150,000		149,725
4.80%, 09/15/2041		116,000		128,967
6.50%, 07/01/2036		48,000		63,141
				17,239,900
Electrical Equipment - 0.1%
Eaton Corp.
7.63%, 04/01/2024		500,000		584,638
Siemens Financieringsmaatschappij NV
3.13%, 03/16/2024 (B)		500,000		514,354
				1,098,992
Electronic Equipment, Instruments & Components - 0.0% (F)
Arrow Electronics, Inc.
3.25%, 09/08/2024		175,000		174,567
3.50%, 04/01/2022		100,000		101,279
3.88%, 01/12/2028		133,000		132,449
				408,295
Energy Equipment & Services - 0.2%
ANR Pipeline Co.
9.63%, 11/01/2021		200,000		229,141
Baker Hughes a GE Co. LLC
5.13%, 09/15/2040		200,000		222,536
Boardwalk Pipelines, LP., Co.
4.80%, 05/03/2029		250,000		262,049
Halliburton Co.
3.50%, 08/01/2023		150,000		155,182
4.85%, 11/15/2035		130,000		142,945
7.60%, 08/15/2096 (B)		160,000		215,586
Schlumberger Holdings Corp.
3.90%, 05/17/2028 (B)		170,000		177,679
Schlumberger Investment SA
3.30%, 09/14/2021 (B)		344,000		349,262
Texas Eastern Transmission, LP
2.80%, 10/15/2022 (B)		462,000		460,584
3.50%, 01/15/2028 (B)		60,000		61,590
				2,276,554

The notes are an integral part of this report. Transamerica Funds Page    9

Transamerica Core Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Entertainment - 0.1%
Viacom, Inc.
3.88%, 04/01/2024		$   376,000		$   392,138
6.88%, 04/30/2036		250,000		317,744
Walt Disney Co.
7.70%, 10/30/2025 (B)		300,000		388,007
8.88%, 04/26/2023 (B)		200,000		243,450
				1,341,339
Equity Real Estate Investment Trusts - 0.9%
Alexandria Real Estate Equities, Inc.
3.80%, 04/15/2026		90,000		94,545
4.00%, 02/01/2050		419,000		426,522
American Tower Corp.
2.25%, 01/15/2022		300,000		298,413
3.38%, 10/15/2026		281,000		287,750
3.50%, 01/31/2023		201,000		207,253
5.00%, 02/15/2024		139,000		152,507
5.90%, 11/01/2021		150,000		160,722
AvalonBay Communities, Inc.
2.85%, 03/15/2023, MTN		510,000		517,570
3.45%, 06/01/2025, MTN		120,000		125,684
Boston Properties, LP
3.20%, 01/15/2025		228,000		233,701
3.65%, 02/01/2026		408,000		427,233
Brixmor Operating Partnership, LP
3.85%, 02/01/2025		400,000		413,082
Crown Castle International Corp.
4.88%, 04/15/2022		200,000		211,819
5.25%, 01/15/2023		200,000		217,012
Digital Realty Trust, LP
3.70%, 08/15/2027		154,000		159,549
Duke Realty, LP
3.25%, 06/30/2026		84,000		85,954
3.63%, 04/15/2023		168,000		173,547
GAIF Bond Issuer Pty, Ltd.
3.40%, 09/30/2026 (B)		353,000		351,442
HCP, Inc.
3.40%, 02/01/2025		114,000		117,117
3.50%, 07/15/2029		447,000		453,029
3.88%, 08/15/2024		337,000		357,000
Liberty Property, LP
3.25%, 10/01/2026		107,000		107,651
Life Storage, LP
4.00%, 06/15/2029		522,000		540,700
National Retail Properties, Inc.
3.50%, 10/15/2027		150,000		154,742
3.60%, 12/15/2026		218,000		225,744
Office Properties Income Trust
3.60%, 02/01/2020		620,000		621,225
4.00%, 07/15/2022		416,000		419,843
Realty Income Corp.
3.25%, 10/15/2022		250,000		256,059
3.88%, 04/15/2025		290,000		308,892
4.65%, 03/15/2047		113,000		132,492
Scentre Group Trust 1 / Scentre Group Trust 2
3.50%, 02/12/2025 (B)		500,000		510,906
Senior Housing Properties Trust
4.75%, 02/15/2028		300,000		294,503
SITE Centers Corp.
3.63%, 02/01/2025		121,000		123,087
4.70%, 06/01/2027		71,000		76,587
UDR, Inc.
2.95%, 09/01/2026, MTN		116,000		115,683
3.20%, 01/15/2030, MTN		500,000		503,868
Ventas Realty, LP
3.75%, 05/01/2024		300,000		313,271

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Equity Real Estate Investment Trusts (continued)
Ventas Realty, LP (continued)
3.85%, 04/01/2027		$   203,000		$   212,311
4.13%, 01/15/2026		79,000		84,254
Welltower, Inc.
4.25%, 04/01/2026		250,000		267,933
				10,741,202
Food & Staples Retailing - 0.3%
CK Hutchison International 16, Ltd.
1.88%, 10/03/2021 (B)		241,000		237,255
2.75%, 10/03/2026 (B)		350,000		345,472
CK Hutchison International 19, Ltd.
3.63%, 04/11/2029 (B)		285,000		299,203
CVS Pass-Through Trust
4.70%, 01/10/2036 (B)		502,288		535,903
5.77%, 01/10/2033 (B)		150,238		168,219
5.93%, 01/10/2034 (B)		527,557		603,962
Kroger Co.
5.40%, 07/15/2040		51,000		54,946
8.00%, 09/15/2029		175,000		234,485
Sysco Corp.
3.25%, 07/15/2027		500,000		515,252
3.75%, 10/01/2025		102,000		107,735
Walgreens Boots Alliance, Inc.
4.80%, 11/18/2044		100,000		102,331
				3,204,763
Food Products - 0.4%
Campbell Soup Co.
3.95%, 03/15/2025		450,000		470,381
Cargill, Inc.
3.25%, 03/01/2023 (B)		140,000		143,627
3.30%, 03/01/2022 (B)		250,000		255,172
ConAgra Brands, Inc.
4.60%, 11/01/2025		175,000		190,243
5.30%, 11/01/2038		390,000		433,552
General Mills, Inc.
4.00%, 04/17/2025		305,000		323,702
4.55%, 04/17/2038		75,000		81,697
Kellogg Co.
3.40%, 11/15/2027		190,000		194,576
Kraft Heinz Foods Co.
2.80%, 07/02/2020		400,000		400,536
4.00%, 06/15/2023 (G)		138,000		144,328
5.00%, 07/15/2035		1,000,000		1,061,870
6.88%, 01/26/2039		149,000		184,005
McCormick & Co., Inc.
3.15%, 08/15/2024		142,000		145,299
3.40%, 08/15/2027		198,000		203,548
Mead Johnson Nutrition Co.
4.13%, 11/15/2025		288,000		313,518
Tyson Foods, Inc.
4.88%, 08/15/2034		100,000		114,601
				4,660,655
Gas Utilities - 0.3%
Atmos Energy Corp.
4.13%, 03/15/2049		570,000		637,313
Boston Gas Co.
4.49%, 02/15/2042 (B)		330,000		371,284
Brooklyn Union Gas Co.
4.27%, 03/15/2048 (B)		280,000		309,034
CenterPoint Energy Resources Corp.
4.50%, 01/15/2021		352,000		360,058
KeySpan Gas East Corp.
2.74%, 08/15/2026 (B)		172,000		171,680

The notes are an integral part of this report. Transamerica Funds Page    10

Transamerica Core Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Gas Utilities (continued)
Korea Gas Corp.
1.88%, 07/18/2021 (B)		$   200,000		$   197,587
Southern Co. Gas Capital Corp.
2.45%, 10/01/2023		77,000		76,600
3.25%, 06/15/2026		85,000		86,378
3.50%, 09/15/2021		601,000		610,980
3.95%, 10/01/2046		94,000		93,519
5.88%, 03/15/2041		109,000		134,537
Southwest Gas Corp.
3.80%, 09/29/2046		177,000		175,707
				3,224,677
Health Care Equipment & Supplies - 0.2%
Abbott Laboratories
3.88%, 09/15/2025		258,000		276,894
4.90%, 11/30/2046		420,000		522,392
Becton Dickinson and Co.
3.73%, 12/15/2024		23,000		24,116
Boston Scientific Corp.
3.75%, 03/01/2026		335,000		354,198
4.00%, 03/01/2029		660,000		716,781
Covidien International Finance SA
2.95%, 06/15/2023		49,000		50,128
Medtronic, Inc.
4.38%, 03/15/2035		84,000		97,985
Zimmer Biomet Holdings, Inc.
3.70%, 03/19/2023		136,000		140,041
				2,182,535
Health Care Providers & Services - 0.7%
Aetna, Inc.
2.80%, 06/15/2023		90,000		90,177
4.50%, 05/15/2042		153,000		155,729
6.75%, 12/15/2037		305,000		388,802
Anthem, Inc.
3.13%, 05/15/2022		200,000		203,454
4.10%, 03/01/2028		425,000		452,029
4.38%, 12/01/2047		110,000		115,220
4.65%, 01/15/2043		38,000		41,375
CVS Health Corp.
2.75%, 12/01/2022		100,000		100,169
4.10%, 03/25/2025		626,000		658,750
4.30%, 03/25/2028		467,000		496,234
4.78%, 03/25/2038		1,163,000		1,233,464
5.05%, 03/25/2048		385,000		417,290
Express Scripts Holding Co.
4.50%, 02/25/2026		367,000		396,935
4.80%, 07/15/2046		62,000		66,629
HCA, Inc.
5.13%, 06/15/2039		420,000		441,084
5.25%, 06/15/2026		500,000		554,820
Laboratory Corp. of America Holdings
3.20%, 02/01/2022		170,000		172,781
Magellan Health, Inc.
4.90%, 09/22/2024		535,000		535,000
Mayo Clinic
4.13%, 11/15/2052		198,000		220,474
Providence St. Joseph Health Obligated Group
2.75%, 10/01/2026		168,000		167,343
Quest Diagnostics, Inc.
3.45%, 06/01/2026		75,000		77,760
Texas Health Resources
4.33%, 11/15/2055		175,000		200,196

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Health Care Providers & Services (continued)
UnitedHealth Group, Inc.
2.75%, 02/15/2023		$   84,000		$   85,107
4.63%, 07/15/2035		234,000		274,333
				7,545,155
Hotels, Restaurants & Leisure - 0.0% (F)
McDonald’s Corp.
4.70%, 12/09/2035, MTN		465,000		536,024
Household Products - 0.0% (F)
Kimberly-Clark Corp.
2.40%, 03/01/2022		68,000		68,266
Procter & Gamble Co.
2.70%, 02/02/2026		400,000		410,625
				478,891
Independent Power & Renewable Electricity Producers - 0.0% (F)
Exelon Generation Co. LLC
5.75%, 10/01/2041		86,000		98,613
NRG Energy, Inc.
4.45%, 06/15/2029 (B)		375,000		386,686
				485,299
Industrial Conglomerates - 0.0% (F)
General Electric Co.
4.65%, 10/17/2021, MTN		258,000		268,802
Roper Technologies, Inc.
3.00%, 12/15/2020		52,000		52,305
				321,107
Insurance - 1.2%
AIA Group, Ltd.
3.20%, 03/11/2025 (B)		200,000		203,637
3.60%, 04/09/2029 (B)		200,000		209,272
3.90%, 04/06/2028 (B)		335,000		356,760
AIG SunAmerica Global Financing X
6.90%, 03/15/2032 (B)		400,000		546,596
American International Group, Inc.
4.20%, 04/01/2028		225,000		241,383
Assurant, Inc.
4.20%, 09/27/2023		425,000		441,275
Athene Global Funding
4.00%, 01/25/2022 (B)		368,000		380,341
Athene Holding, Ltd.
4.13%, 01/12/2028		223,000		225,129
Berkshire Hathaway Finance Corp.
4.40%, 05/15/2042		268,000		307,297
Chubb INA Holdings, Inc.
3.15%, 03/15/2025		275,000		285,526
CNA Financial Corp.
3.95%, 05/15/2024		164,000		172,690
Dai-ichi Life Insurance Co., Ltd.
Fixed until 07/24/2026 (H), 4.00% (A)(B)		421,000		425,210
Guardian Life Insurance Co. of America
4.85%, 01/24/2077 (B)		83,000		98,238
Harborwalk Funding Trust
Fixed until 02/15/2049, 5.08% (A), 02/15/2069 (B)		600,000		686,982
Hartford Financial Services Group, Inc.
4.30%, 04/15/2043		360,000		381,709
Jackson National Life Global Funding
3.05%, 04/29/2026 (B)		303,000		306,709
3.25%, 01/30/2024 (B)		115,000		118,352
Liberty Mutual Group, Inc.
4.57%, 02/01/2029 (B)		200,000		220,617
6.50%, 03/15/2035 (B)		300,000		384,081

The notes are an integral part of this report. Transamerica Funds Page    11

Transamerica Core Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Insurance (continued)
Liberty Mutual Insurance Co.
8.50%, 05/15/2025 (B)		$   200,000		$   250,370
Lincoln National Corp.
4.00%, 09/01/2023		300,000		317,043
4.20%, 03/15/2022		211,000		219,609
6.15%, 04/07/2036		14,000		17,194
Manulife Financial Corp.
Fixed until 02/24/2027, 4.06% (A), 02/24/2032		350,000		357,985
Marsh & McLennan Cos., Inc.
2.35%, 03/06/2020		176,000		175,894
Massachusetts Mutual Life Insurance Co.
5.38%, 12/01/2041 (B)		147,000		179,639
8.88%, 06/01/2039 (B)		52,000		86,042
MassMutual Global Funding II
2.75%, 06/22/2024 (B)		400,000		405,513
Metropolitan Life Global Funding I
3.00%, 09/19/2027 (B)		350,000		356,096
3.88%, 04/11/2022 (B)		720,000		747,762
New York Life Global Funding
2.00%, 04/13/2021 (B)		96,000		95,600
2.35%, 07/14/2026 (B)		226,000		222,055
3.00%, 01/10/2028 (B)		202,000		206,592
New York Life Insurance Co.
4.45%, 05/15/2069 (B)		330,000		371,554
OneBeacon US Holdings, Inc.
4.60%, 11/09/2022		500,000		514,517
Pacific Life Insurance Co.
Fixed until 10/24/2047, 4.30% (A), 10/24/2067 (B)		198,000		193,575
Progressive Corp.
Fixed until 03/15/2023 (H), 5.38% (A)		245,000		252,656
Prudential Financial, Inc.
3.91%, 12/07/2047		164,000		173,277
Prudential Insurance Co. of America
8.30%, 07/01/2025 (B)		900,000		1,154,326
Reliance Standard Life Global Funding II
2.50%, 01/15/2020 (B)		130,000		130,013
3.05%, 01/20/2021 (B)		298,000		299,958
Sumitomo Life Insurance Co.
Fixed until 09/14/2027, 4.00% (A), 09/14/2077 (B)		250,000		252,500
Teachers Insurance & Annuity Association of America
4.27%, 05/15/2047 (B)		260,000		285,474
4.90%, 09/15/2044 (B)		150,000		177,293
Torchmark Corp.
4.55%, 09/15/2028		285,000		311,996
Travelers Property Casualty Corp.
7.75%, 04/15/2026		200,000		261,336
				14,007,673
Internet & Direct Marketing Retail - 0.1%
Amazon.com, Inc.
3.88%, 08/22/2037		500,000		553,705
4.80%, 12/05/2034		215,000		263,874
Booking Holdings, Inc.
2.75%, 03/15/2023		286,000		289,395
3.55%, 03/15/2028		400,000		421,564
				1,528,538

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
IT Services - 0.5%
DXC Technology Co.
4.25%, 04/15/2024		$   172,000		$   180,407
7.45%, 10/15/2029		200,000		256,343
Fidelity National Information Services, Inc.
4.75%, 05/15/2048		203,000		230,166
Fiserv, Inc.
3.20%, 07/01/2026		230,000		234,690
4.40%, 07/01/2049		220,000		234,511
IBM Credit LLC
3.00%, 02/06/2023		500,000		509,667
International Business Machines Corp.
3.30%, 05/15/2026		930,000		965,721
3.50%, 05/15/2029		1,730,000		1,813,108
7.00%, 10/30/2025		508,000		633,034
Western Union Co.
3.60%, 03/15/2022		400,000		409,700
				5,467,347
Life Sciences Tools & Services - 0.0% (F)
Thermo Fisher Scientific, Inc.
2.95%, 09/19/2026		161,000		162,844
4.15%, 02/01/2024		217,000		232,016
				394,860
Machinery - 0.1%
Caterpillar, Inc.
2.60%, 06/26/2022		123,000		124,423
Illinois Tool Works, Inc.
4.88%, 09/15/2041		449,000		551,266
Ingersoll-Rand Finance SA
2.63%, 05/01/2020		200,000		199,947
nVent Finance Sarl
4.55%, 04/15/2028		337,000		345,312
Parker-Hannifin Corp.
4.10%, 03/01/2047		104,000		110,536
Xylem, Inc.
3.25%, 11/01/2026		74,000		75,221
				1,406,705
Media - 0.9%
CBS Corp.
2.90%, 01/15/2027		250,000		243,700
4.00%, 01/15/2026		208,000		218,708
4.85%, 07/01/2042		150,000		161,194
Charter Communications Operating LLC / Charter Communications Operating Capital
4.91%, 07/23/2025		671,000		723,466
6.83%, 10/23/2055		150,000		182,295
Comcast Cable Holdings LLC
10.13%, 04/15/2022		414,000		493,314
Comcast Corp.
3.15%, 03/01/2026 - 02/15/2028		755,000		778,476
3.95%, 10/15/2025		335,000		360,556
4.60%, 10/15/2038		415,000		480,863
4.95%, 10/15/2058		525,000		637,988
6.50%, 11/15/2035		511,000		696,113
7.05%, 03/15/2033		1,300,000		1,831,029
Cox Communications, Inc.
4.60%, 08/15/2047 (B)		196,000		204,870
4.80%, 02/01/2035 (B)		450,000		462,665
Discovery Communications LLC
3.95%, 03/20/2028		263,000		271,493
4.38%, 06/15/2021		344,000		354,911
Fox Corp.
4.71%, 01/25/2029 (B)		245,000		274,340

The notes are an integral part of this report. Transamerica Funds Page    12

Transamerica Core Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Media (continued)
NBCUniversal Media LLC
5.95%, 04/01/2041		$   210,000		$   278,689
SES SA
3.60%, 04/04/2023 (B)		100,000		100,948
TCI Communications, Inc.
7.13%, 02/15/2028		100,000		129,920
Time Warner Cable LLC
5.50%, 09/01/2041		400,000		424,293
7.30%, 07/01/2038		90,000		111,563
Time Warner Entertainment Co., LP
8.38%, 07/15/2033		250,000		342,657
				9,764,051
Metals & Mining - 0.1%
Anglo American Capital PLC
3.63%, 09/11/2024 (B)		200,000		204,726
Barrick Gold Corp.
6.45%, 10/15/2035		140,000		174,215
BHP Billiton Finance, Ltd.
4.13%, 02/24/2042		150,000		168,062
Nucor Corp.
6.40%, 12/01/2037		390,000		521,172
Vale Canada, Ltd.
7.20%, 09/15/2032		200,000		233,500
Vale Overseas, Ltd.
6.25%, 08/10/2026		81,000		91,206
				1,392,881
Multi-Utilities - 0.3%
CMS Energy Corp.
3.00%, 05/15/2026		73,000		73,635
3.88%, 03/01/2024		350,000		365,531
Consolidated Edison Co. of New York, Inc.
5.70%, 06/15/2040		154,000		203,140
Delmarva Power & Light Co.
4.00%, 06/01/2042		294,000		305,982
4.15%, 05/15/2045		270,000		297,998
Dominion Energy, Inc.
2.75%, 09/15/2022		165,000		165,839
4.90%, 08/01/2041		103,000		119,346
5.25%, 08/01/2033		500,000		597,193
DTE Electric Co.
3.95%, 06/15/2042		101,000		105,347
NiSource, Inc.
5.80%, 02/01/2042		600,000		734,783
San Diego Gas & Electric Co.
6.00%, 06/01/2026		320,000		377,762
6.13%, 09/15/2037		100,000		125,723
WEC Energy Group, Inc.
3.55%, 06/15/2025		115,000		120,760
				3,593,039
Multiline Retail - 0.1%
Dollar General Corp.
4.13%, 05/01/2028		280,000		300,423
Nordstrom, Inc.
4.00%, 10/15/2021		301,000		307,848
				608,271
Oil, Gas & Consumable Fuels - 2.1%
Anadarko Holding Co.
7.15%, 05/15/2028		552,000		657,526
Andeavor Logistics, LP / Tesoro Logistics Finance Corp.
5.25%, 01/15/2025		214,000		226,297

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Oil, Gas & Consumable Fuels (continued)
Apache Corp.
4.75%, 04/15/2043		$   268,000		$   248,801
APT Pipelines, Ltd.
4.25%, 07/15/2027 (B)		386,000		405,902
BG Energy Capital PLC
5.13%, 10/15/2041 (B)		200,000		242,627
BP Capital Markets America, Inc.
3.22%, 04/14/2024		600,000		619,598
3.25%, 05/06/2022		462,000		473,576
BP Capital Markets PLC
3.81%, 02/10/2024		224,000		236,658
Buckeye Partners, LP
3.95%, 12/01/2026		45,000		40,106
4.88%, 02/01/2021		200,000		203,781
5.85%, 11/15/2043		150,000		132,354
Canadian Natural Resources, Ltd.
3.80%, 04/15/2024		200,000		208,791
5.85%, 02/01/2035		150,000		176,176
6.45%, 06/30/2033		299,000		376,146
Cenovus Energy, Inc.
5.25%, 06/15/2037		101,000		106,613
6.75%, 11/15/2039		250,000		299,991
Chevron Corp.
2.36%, 12/05/2022		80,000		80,533
2.90%, 03/03/2024		296,000		304,983
CNOOC Finance Pty, Ltd.
2.63%, 05/05/2020		328,000		328,095
Ecopetrol SA
5.38%, 06/26/2026		135,000		148,864
5.88%, 09/18/2023		113,000		125,712
Enable Midstream Partners, LP
4.95%, 05/15/2028		135,000		139,844
Enbridge, Inc.
4.50%, 06/10/2044		200,000		211,881
Fixed until 03/01/2028, 6.25% (A), 03/01/2078		300,000		312,213
Encana Corp.
7.20%, 11/01/2031		200,000		254,392
7.38%, 11/01/2031		250,000		318,356
Energy Transfer Operating, LP
3.60%, 02/01/2023		75,000		76,811
4.05%, 03/15/2025		136,000		141,510
4.75%, 01/15/2026		173,000		186,360
6.05%, 06/01/2041		538,000		603,855
6.50%, 02/01/2042		45,000		53,283
Eni SpA
5.70%, 10/01/2040 (B)		900,000		1,039,733
Enterprise Products Operating LLC
3.70%, 02/15/2026		127,000		133,775
3.75%, 02/15/2025		74,000		78,101
3.90%, 02/15/2024		362,000		382,568
4.20%, 01/31/2050		235,000		239,551
4.95%, 10/15/2054		33,000		36,726
5.10%, 02/15/2045		32,000		36,707
7.55%, 04/15/2038		320,000		441,621
EOG Resources, Inc.
4.15%, 01/15/2026		80,000		87,574
EQT Corp.
3.90%, 10/01/2027 (G)		264,000		235,803
Exxon Mobil Corp.
4.11%, 03/01/2046		294,000		336,903
Kerr-McGee Corp.
7.88%, 09/15/2031		100,000		136,771
Kinder Morgan, Inc.
4.30%, 03/01/2028		700,000		748,211
Magellan Midstream Partners, LP
3.20%, 03/15/2025		80,000		80,436
4.20%, 12/01/2042 - 10/03/2047		648,000		656,664

The notes are an integral part of this report. Transamerica Funds Page    13

Transamerica Core Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Oil, Gas & Consumable Fuels (continued)
MPLX, LP
4.13%, 03/01/2027		$   155,000		$   161,461
4.50%, 04/15/2038		280,000		283,488
5.20%, 03/01/2047		108,000		115,785
Noble Energy, Inc.
5.25%, 11/15/2043		400,000		436,225
ONEOK Partners, LP
3.38%, 10/01/2022		30,000		30,548
4.90%, 03/15/2025		800,000		868,536
5.00%, 09/15/2023		65,000		70,089
6.65%, 10/01/2036		220,000		272,348
Petroleos Mexicanos
4.63%, 09/21/2023		450,000		443,475
4.88%, 01/18/2024 (G)		81,000		79,534
5.35%, 02/12/2028		189,000		173,691
6.35%, 02/12/2048		71,000		61,962
6.38%, 02/04/2021 - 01/23/2045		513,000		494,161
6.50%, 03/13/2027		1,400,000		1,388,380
6.75%, 09/21/2047		403,000		365,279
Phillips 66
3.90%, 03/15/2028		285,000		302,205
4.30%, 04/01/2022		130,000		136,684
4.88%, 11/15/2044		40,000		45,090
Phillips 66 Partners, LP
3.55%, 10/01/2026		66,000		67,331
4.90%, 10/01/2046		144,000		155,806
Plains All American Pipeline, LP / PAA Finance Corp.
4.30%, 01/31/2043		150,000		137,457
4.65%, 10/15/2025		350,000		373,100
Shell International Finance BV
4.13%, 05/11/2035		258,000		290,523
Southern Natural Gas Co. LLC
4.80%, 03/15/2047 (B)		136,000		144,476
8.00%, 03/01/2032		105,000		148,939
Spectra Energy Partners, LP
3.50%, 03/15/2025		633,000		653,997
Suncor Energy, Inc.
5.95%, 12/01/2034		550,000		706,411
7.88%, 06/15/2026		100,000		126,423
Sunoco Logistics Partners Operations, LP
3.90%, 07/15/2026		195,000		199,704
5.50%, 02/15/2020		250,000		253,679
5.95%, 12/01/2025		150,000		170,044
6.10%, 02/15/2042		500,000		562,037
TC PipeLines, LP
3.90%, 05/25/2027		141,000		144,903
Total Capital International SA
3.46%, 07/12/2049		480,000		479,262
3.70%, 01/15/2024		160,000		169,199
3.75%, 04/10/2024		82,000		87,164
TransCanada PipeLines, Ltd.
2.50%, 08/01/2022		115,000		114,715
3.75%, 10/16/2023		135,000		140,896
4.88%, 01/15/2026		370,000		411,855
Valero Energy Corp.
7.50%, 04/15/2032		100,000		135,672
Williams Cos., Inc.
3.90%, 01/15/2025		117,000		122,135
4.85%, 03/01/2048		249,000		265,065
				24,402,513
Personal Products - 0.0% (F)
Unilever Capital Corp.
3.38%, 03/22/2025		180,000		188,134

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Pharmaceuticals - 0.6%
Allergan Funding SCS
3.85%, 06/15/2024		$   211,000		$   219,807
4.55%, 03/15/2035		300,000		309,901
Allergan, Inc.
2.80%, 03/15/2023		162,000		162,061
3.38%, 09/15/2020		125,000		125,998
AstraZeneca PLC
6.45%, 09/15/2037		180,000		246,120
Baxalta, Inc.
3.60%, 06/23/2022		20,000		20,436
5.25%, 06/23/2045		10,000		12,358
Bristol-Myers Squibb Co.
3.20%, 06/15/2026 (B)		559,000		578,453
3.40%, 07/26/2029 (B)		611,000		638,626
4.13%, 06/15/2039 (B)		377,000		411,312
Eli Lilly & Co.
4.15%, 03/15/2059		150,000		164,798
Merck & Co., Inc.
3.70%, 02/10/2045		20,000		21,294
3.90%, 03/07/2039		600,000		667,071
Mylan NV
3.95%, 06/15/2026		185,000		188,769
Mylan, Inc.
3.13%, 01/15/2023 (B)		100,000		100,360
5.40%, 11/29/2043		100,000		102,333
Novartis Capital Corp.
3.00%, 11/20/2025		395,000		407,870
Pfizer, Inc.
3.00%, 12/15/2026		412,000		426,109
3.90%, 03/15/2039		600,000		655,421
Shire Acquisitions Investments Ireland DAC
2.88%, 09/23/2023		334,000		337,502
3.20%, 09/23/2026		778,000		790,696
				6,587,295
Real Estate Management & Development - 0.1%
Ontario Teachers’ Cadillac Fairview Properties Trust
3.13%, 03/20/2022 (B)		314,000		319,685
3.88%, 03/20/2027 (B)		325,000		343,238
				662,923
Road & Rail - 0.3%
Avolon Holdings Funding, Ltd.
4.38%, 05/01/2026 (B)		510,000		527,452
Burlington Northern Santa Fe LLC
3.55%, 02/15/2050		327,000		330,196
5.75%, 05/01/2040		300,000		394,752
7.29%, 06/01/2036		90,000		129,067
Canadian Pacific Railway Co.
6.13%, 09/15/2115		210,000		293,754
CSX Corp.
4.75%, 11/15/2048		215,000		250,128
6.00%, 10/01/2036, MTN		340,000		426,009
JB Hunt Transport Services, Inc.
3.88%, 03/01/2026		315,000		332,591
Norfolk Southern Corp.
3.25%, 12/01/2021		166,000		168,850
3.85%, 01/15/2024		266,000		280,381
4.05%, 08/15/2052		87,000		91,524

The notes are an integral part of this report. Transamerica Funds Page    14

Transamerica Core Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Road & Rail (continued)
Ryder System, Inc.
2.50%, 05/11/2020, MTN		$   158,000		$   158,047
3.45%, 11/15/2021, MTN		42,000		42,892
				3,425,643
Semiconductors & Semiconductor Equipment - 0.3%
Analog Devices, Inc.
4.50%, 12/05/2036		226,000		236,505
Broadcom Corp. / Broadcom Cayman Finance, Ltd.
3.63%, 01/15/2024		663,000		669,916
3.88%, 01/15/2027		200,000		195,640
Broadcom, Inc.
4.75%, 04/15/2029 (B)		1,800,000		1,833,511
				2,935,572
Software - 0.6%
Microsoft Corp.
2.38%, 05/01/2023		24,000		24,238
3.30%, 02/06/2027		279,000		295,627
3.50%, 02/12/2035		277,000		296,806
3.95%, 08/08/2056		221,000		244,835
4.00%, 02/12/2055		321,000		360,321
4.10%, 02/06/2037		489,000		559,114
4.20%, 11/03/2035		103,000		118,714
4.50%, 10/01/2040 - 02/06/2057		451,000		548,811
Oracle Corp.
2.40%, 09/15/2023		324,000		325,242
2.95%, 11/15/2024 - 05/15/2025		1,100,000		1,130,445
3.90%, 05/15/2035		60,000		64,711
4.30%, 07/08/2034		600,000		681,919
5.38%, 07/15/2040		123,000		155,095
6.13%, 07/08/2039		731,000		1,002,397
VMware, Inc.
2.95%, 08/21/2022		521,000		524,904
				6,333,179
Specialty Retail - 0.1%
Lowe’s Cos., Inc.
3.65%, 04/05/2029		472,000		493,790
4.55%, 04/05/2049		413,000		449,705
O’Reilly Automotive, Inc.
3.60%, 09/01/2027		247,000		256,163
				1,199,658
Technology Hardware, Storage & Peripherals - 0.5%
Apple, Inc.
2.45%, 08/04/2026		296,000		295,877
2.75%, 01/13/2025		500,000		510,098
2.85%, 05/11/2024		234,000		240,128
2.90%, 09/12/2027		597,000		610,738
3.00%, 06/20/2027		637,000		656,773
3.20%, 05/13/2025 - 05/11/2027		446,000		465,227
3.25%, 02/23/2026		266,000		278,156
3.35%, 02/09/2027		603,000		634,615
3.45%, 02/09/2045		528,000		531,205
3.75%, 09/12/2047		500,000		527,989
3.85%, 08/04/2046		207,000		221,494
4.65%, 02/23/2046		119,000		142,383
Dell International LLC / EMC Corp.
6.02%, 06/15/2026 (B)		500,000		552,822
				5,667,505

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Tobacco - 0.0% (F)
BAT Capital Corp.
4.39%, 08/15/2037		$   377,000		$   363,341
Trading Companies & Distributors - 0.2%
Air Lease Corp.
3.25%, 03/01/2025		258,000		258,586
BOC Aviation, Ltd.
2.75%, 09/18/2022 (B)		270,000		268,349
3.50%, 10/10/2024 (B)		200,000		203,468
International Lease Finance Corp.
5.88%, 08/15/2022		154,000		167,688
8.63%, 01/15/2022		700,000		795,259
WW Grainger, Inc.
4.60%, 06/15/2045		198,000		223,876
				1,917,226
Transportation Infrastructure - 0.1%
Mexico City Airport Trust
5.50%, 07/31/2047 (B)		200,000		198,700
Penske Truck Leasing Co., LP / PTL Finance Corp.
4.13%, 08/01/2023 (B) (G)		233,000		244,119
4.88%, 07/11/2022 (B)		500,000		530,540
				973,359
Water Utilities - 0.0% (F)
American Water Capital Corp.
3.85%, 03/01/2024		300,000		315,545
4.00%, 12/01/2046		172,000		182,690
				498,235
Wireless Telecommunication Services - 0.3%
America Movil SAB de CV
3.13%, 07/16/2022		236,000		239,831
3.63%, 04/22/2029		505,000		527,826
4.38%, 04/22/2049		251,000		275,340
Crown Castle Towers LLC
3.22%, 05/15/2042 (B)		200,000		201,623
Rogers Communications, Inc.
4.35%, 05/01/2049		350,000		380,144
Vodafone Group PLC
3.75%, 01/16/2024		75,000		78,082
4.13%, 05/30/2025		313,000		332,563
4.88%, 06/19/2049		545,000		585,012
5.25%, 05/30/2048		260,000		292,399
				2,912,820
Total Corporate Debt Securities (Cost $281,095,327)				295,156,276
FOREIGN GOVERNMENT OBLIGATIONS - 0.7%
Canada - 0.0% (F)
Province of Quebec
6.35%, 01/30/2026, MTN		285,000		343,892
Colombia - 0.1%
Colombia Government International Bond
4.00%, 02/26/2024		300,000		314,703
5.00%, 06/15/2045		200,000		222,300
7.38%, 09/18/2037		200,000		275,252
				812,255

The notes are an integral part of this report. Transamerica Funds Page    15

Transamerica Core Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
FOREIGN GOVERNMENT OBLIGATIONS (continued)
Israel - 0.3%
Israel Government AID Bond
Series 2011-Z,
Zero Coupon, 11/15/2026		$   1,400,000		$   1,179,083
Israel Government AID Bond, Principal Only STRIPS
Series 2,
Zero Coupon, 11/01/2024		2,250,000		2,002,208
				3,181,291
Mexico - 0.3%
Mexico Government International Bond
3.75%, 01/11/2028		1,042,000		1,053,983
4.13%, 01/21/2026		615,000		644,059
4.35%, 01/15/2047		183,000		177,969
4.60%, 02/10/2048		200,000		202,252
5.55%, 01/21/2045 (G)		190,000		219,545
5.75%, 10/12/2110, MTN		550,000		597,850
				2,895,658
Panama - 0.0% (F)
Panama Government International Bond
4.50%, 04/16/2050		200,000		224,002
Supranational - 0.0% (F)
African Development Bank
8.80%, 09/01/2019		500,000		502,595
Total Foreign Government Obligations (Cost $7,713,055)				7,959,693
MORTGAGE-BACKED SECURITIES - 3.0%
American General Mortgage Loan Trust
Series 2006-1, Class A5,
5.75% (A), 12/25/2035 (B)		4,603		4,783
Banc of America Funding Trust
Series 2004-3, Class 1A1,
5.50%, 10/25/2034		84,477		90,149
Series 2004-C, Class 1A1,
4.96% (A), 12/20/2034		24,494		24,756
Series 2005-E, Class 4A1,
4.72% (A), 03/20/2035		141,366		142,732
Banc of America Mortgage Trust
Series 2003-C, Class 3A1,
5.12% (A), 04/25/2033		29,006		29,754
BB-UBS Trust
Series 2012-SHOW, Class A,
3.43%, 11/05/2036 (B)		1,500,000		1,566,989
BCAP LLC Trust
Series 2009-RR5, Class 8A1,
5.50% (A), 11/26/2034 (B)		43,833		44,243
Series 2010-RR7, Class 2A1,
4.42% (A), 07/26/2045 (B)		117,410		117,851
Bear Stearns ARM Trust
Series 2003-4, Class 3A1,
4.68% (A), 07/25/2033		39,245		40,289
Series 2004-2, Class 14A,
4.45% (A), 05/25/2034		26,461		26,618
Bear Stearns Commercial Mortgage Securities Trust, Interest Only STRIPS
Series 2005-PWR8, Class X1,
0.33% (A), 06/11/2041 (B)		122,023		364
CD Commercial Mortgage Trust, Interest Only STRIPS
Series 2007-CD4, Class XC,
0.56% (A), 12/11/2049 (B)		89,470		1,171

	Principal		Value
MORTGAGE-BACKED SECURITIES (continued)
Chase Mortgage Finance Trust
Series 2007-A1, Class 1A3,
4.79% (A), 02/25/2037		$   467,120		$   478,741
Series 2007-A1, Class 2A1,
4.72% (A), 02/25/2037		77,767		80,704
Series 2007-A1, Class 7A1,
4.54% (A), 02/25/2037		68,296		69,928
Series 2007-A1, Class 9A1,
4.66% (A), 02/25/2037		36,342		36,596
Series 2007-A2, Class 1A1,
4.79% (A), 07/25/2037		22,594		23,119
Series 2007-A2, Class 2A1,
4.49% (A), 07/25/2037		138,614		142,831
CHL Mortgage Pass-Through Trust
Series 2004-3, Class A26,
5.50%, 04/25/2034		109,010		112,508
Series 2004-3, Class A4,
5.75%, 04/25/2034		163,515		168,371
Series 2004-5, Class 1A4,
5.50%, 06/25/2034		164,339		168,083
Citigroup Global Markets Mortgage Securities VII, Inc.
Series 2003-HYB1, Class A,
4.74% (A), 09/25/2033		43,192		44,037
Citigroup Mortgage Loan Trust, Inc.
Series 2003-1, Class 3A4,
5.25%, 09/25/2033		51,798		52,413
Series 2005-2, Class 2A11,
5.50%, 05/25/2035		113,708		119,331
Series 2009-10, Class 1A1,
4.37% (A), 09/25/2033 (B)		155,968		159,292
COBALT CMBS Commercial Mortgage Trust, Interest Only STRIPS
Series 2006-C1, Class IO,
0.80% (A), 08/15/2048		744,197		5,680
COMM Mortgage Trust
Series 2015-CR25, Class A4,
3.76%, 08/10/2048		562,000		598,755
Series 2018-HOME, Class A,
3.82% (A), 04/10/2033 (B)		2,410,000		2,586,352
COMM Mortgage Trust, Interest Only STRIPS
Series 2012-CR2, Class XA,
1.64% (A), 08/15/2045		1,751,735		69,970
Credit Suisse First Boston Mortgage Securities Corp.
Series 2003-21, Class 1A4,
5.25%, 09/25/2033		48,634		50,847
Series 2003-AR15, Class 3A1,
4.47% (A), 06/25/2033		76,213		76,947
Series 2004-5, Class 3A1,
5.25%, 08/25/2019		13,645		12,743
CSFB Mortgage-Backed Pass-Through Certificates
Series 2003-27, Class 5A4,
5.25%, 11/25/2033		85,735		88,568
Series 2003-29, Class 5A1,
7.00%, 12/25/2033		97,116		105,727
Series 2004-4, Class 2A4,
5.50%, 09/25/2034		98,693		106,008
Series 2004-8, Class 1A4,
5.50%, 12/25/2034		134,098		138,099
CSMC OA LLC
Series 2014-USA, Class D,
4.37%, 09/15/2037 (B)		500,000		489,193

The notes are an integral part of this report. Transamerica Funds Page    16

Transamerica Core Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
MORTGAGE-BACKED SECURITIES (continued)
CSMC Trust
Series 2010-17R, Class 1A1,
4.54% (A), 06/26/2036 (B)		$   14,890		$   14,960
Deutsche Alt-A Securities, Inc. Mortgage Loan Trust
Series 2005-1, Class 2A1,
5.34% (A), 02/25/2020		17,721		17,740
GS Mortgage Securities Trust, Interest Only STRIPS
Series 2006-GG8, Class X,
0.96% (A), 11/10/2039 (B)		908,638		6,969
GSMPS Mortgage Loan Trust
Series 2005-RP3, Class 1AF,
1-Month LIBOR + 0.35%, 2.62% (A), 09/25/2035 (B)		699,438		618,318
GSMPS Mortgage Loan Trust, Interest Only STRIPS
Series 2005-RP3, Class 1AS,
2.09% (A), 09/25/2035 (B)		524,578		59,425
GSR Mortgage Loan Trust
Series 2003-7F, Class 1A4,
5.25%, 06/25/2033		245,209		257,454
Series 2004-8F, Class 2A3,
6.00%, 09/25/2034		142,669		145,617
Series 2005-5F, Class 8A3,
1-Month LIBOR + 0.50%, 2.77% (A), 06/25/2035		12,501		11,829
Headlands Residential LLC
Series 2017-RPL1, Class A,
3.88% (A), 08/25/2022 (B)		1,980,000		1,984,398
Series 2018,
4.25% (A), 06/25/2023 (B)		2,410,000		2,428,999
Series 2019-RPL1, Class NOTE,
3.97% (A), 06/25/2024 (B)		2,300,000		2,293,539
Impac CMB Trust
Series 2005-4, Class 2A1,
1-Month LIBOR + 0.60%, 2.87% (A), 05/25/2035		99,134		99,691
Impac Secured Assets CMN Owner Trust
Series 2003-2, Class A1,
5.50%, 08/25/2033		45,034		46,361
Impac Secured Assets Trust
Series 2006-1, Class 2A1,
1-Month LIBOR + 0.35%, 2.62% (A), 05/25/2036		216,873		218,600
Series 2006-2, Class 2A1,
1-Month LIBOR + 0.35%, 2.62% (A), 08/25/2036		84,088		84,157
Independence Plaza Trust
Series 2018-INDP, Class A,
3.76%, 07/10/2035 (B)		1,590,000		1,673,606
JPMorgan Chase Commercial Mortgage Securities Trust, Interest Only STRIPS
Series 2006-CB15, Class X1,
0.23% (A), 06/12/2043		3,887,020		4,145
JPMorgan Mortgage Trust
Series 2004-A3, Class 4A1,
4.90% (A), 07/25/2034		18,508		18,999
Series 2004-A4, Class 1A1,
4.80% (A), 09/25/2034		28,508		29,731
Series 2004-S1, Class 1A7,
5.00%, 09/25/2034		2,405		2,398
Series 2005-A1, Class 3A4,
4.74% (A), 02/25/2035		82,088		84,769
Series 2006-A2, Class 5A3,
4.62% (A), 11/25/2033		153,036		158,263
Series 2006-A3, Class 6A1,
4.18% (A), 08/25/2034		16,958		17,023

	Principal		Value
MORTGAGE-BACKED SECURITIES (continued)
LB-UBS Commercial Mortgage Trust, Interest Only STRIPS
Series 2006-C1, Class XCL,
0.38% (A), 02/15/2041 (B)		$   967,877		$   105
MASTR Adjustable Rate Mortgages Trust
Series 2004-13, Class 2A1,
4.84% (A), 04/21/2034		170,561		176,438
Series 2004-13, Class 3A7,
4.73% (A), 11/21/2034		113,087		117,377
MASTR Alternative Loan Trust
Series 2003-9, Class 2A1,
6.00%, 12/25/2033		13,409		13,983
MASTR Asset Securitization Trust
Series 2003-11, Class 9A6,
5.25%, 12/25/2033		248,067		253,086
Series 2004-P7, Class A6,
5.50%, 12/27/2033 (B)		34,018		34,881
MASTR Resecuritization Trust, Principal Only STRIPS
Series 2005, Class 3,
Zero Coupon, 05/28/2035 (B)		11,607		8,402
Merrill Lynch Mortgage Investors Trust
Series 2003-A4, Class 2A,
4.99% (A), 07/25/2033		43,586		43,540
Series 2003-A5, Class 2A6,
4.53% (A), 08/25/2033		31,149		32,596
Series 2004-1, Class 2A1,
4.33% (A), 12/25/2034		119,131		120,221
Series 2004-A4, Class A2,
4.40% (A), 08/25/2034		59,748		61,714
Series 2004-D, Class A2,
6-Month LIBOR + 0.72%, 3.42% (A), 09/25/2029		102,472		101,018
ML-CFC Commercial Mortgage Trust, Interest Only STRIPS
Series 2006-4, Class XC,
0.56% (A), 12/12/2049 (B)		221,914		2
Morgan Stanley Capital I Trust
Series 2011-C3, Class A3,
4.05%, 07/15/2049		153,179		153,011
Morgan Stanley Capital I Trust, Interest Only STRIPS
Series 2006-IQ12, Class X1,
0.66% (A), 12/15/2043 (B)		1,262,723		13
Series 2006-T21, Class X,
0.08% (A), 10/12/2052 (B)		3,861,068		3,004
Series 2007-HQ11, Class X,
0.22% (A), 02/12/2044 (B)		388,043		469
Morgan Stanley Mortgage Loan Trust
Series 2004-3, Class 4A,
5.62% (A), 04/25/2034		148,791		160,783
Prime Mortgage Trust
Series 2004-CL1, Class 1A1,
6.00%, 02/25/2034		51,774		55,063
Prime Mortgage Trust, Principal Only STRIPS
Series 2004-CL1, Class 1,
Zero Coupon, 02/25/2034		3,298		2,788
Provident Funding Mortgage Loan Trust
Series 2005-1, Class 2A1,
4.85% (A), 05/25/2035		18,821		18,822
RAMP Trust
Series 2004-SL2, Class A3,
7.00%, 10/25/2031		90,824		95,371

The notes are an integral part of this report. Transamerica Funds Page    17

Transamerica Core Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
MORTGAGE-BACKED SECURITIES (continued)
RBSSP Resecuritization Trust
Series 2009-1, Class 1A1,
6.50% (A), 02/26/2036 (B)		$   165,175		$   171,973
Seasoned Credit Risk Transfer Trust
Series 2019-1, Class MT,
3.50%, 07/25/2058		2,704,625		2,764,387
Sequoia Mortgage Trust
Series 2004-11, Class A1,
1-Month LIBOR + 0.60%, 2.87% (A), 12/20/2034		187,596		187,577
Series 2004-11, Class A3,
1-Month LIBOR + 0.60%, 2.87% (A), 12/20/2034		78,897		78,188
Series 2004-12, Class A3,
6-Month LIBOR + 0.32%, 2.62% (A), 01/20/2035		93,131		88,358
Structured Asset Mortgage Investments II Trust
Series 2004-AR5, Class 1A1,
1-Month LIBOR + 0.66%, 2.96% (A), 10/19/2034		201,310		201,576
Structured Asset Securities Corp.
Series 2003-37A, Class 2A,
4.54% (A), 12/25/2033		50,998		52,137
Series 2004-4XS, Class 1A5,
5.20% (A), 02/25/2034		258,824		268,981
Thornburg Mortgage Securities Trust
Series 2003-4, Class A1,
1-Month LIBOR + 0.64%, 2.91% (A), 09/25/2043		100,173		101,022
Series 2004-1, Class II2A,
3.60% (A), 03/25/2044		41,765		41,861
UBS-BAMLL Trust
Series 2012-WRM, Class A,
3.66%, 06/10/2030 (B)		1,000,000		1,022,905
UBS-Barclays Commercial Mortgage Trust
Series 2012-C2, Class A4,
3.53%, 05/10/2063		650,000		668,941
UBS-Barclays Commercial Mortgage Trust, Interest Only STRIPS
Series 2012-C2, Class XA,
1.32% (A), 05/10/2063 (B)		4,199,884		135,865
V.M. Jog Engineering, Ltd.
Series 2017, Class A,
1-Month LIBOR + 4.60%, 6.56% (A), 12/15/2020		2,090,000		2,090,000
VNDO Mortgage Trust
Series 2012-6AVE, Class A,
3.00%, 11/15/2030 (B)		1,000,000		1,019,285
Wachovia Bank Commercial Mortgage Trust, Interest Only STRIPS
Series 2006-C24, Class XC,
0.07% (A), 03/15/2045 (B)		5,759,773		58
WaMu Mortgage Pass-Through Certificates Trust
Series 2003-AR6, Class A1,
4.71% (A), 06/25/2033		169,305		174,169
Series 2003-AR7, Class A7,
4.40% (A), 08/25/2033		62,527		63,783
Series 2003-AR8, Class A,
4.28% (A), 08/25/2033		27,399		28,242
Series 2003-AR9, Class 1A6,
4.37% (A), 09/25/2033		128,981		133,554
Series 2003-S3, Class 1A4,
5.50%, 06/25/2033		162,066		168,469

	Principal		Value
MORTGAGE-BACKED SECURITIES (continued)
WaMu Mortgage Pass-Through Certificates Trust (continued)
Series 2003-S4, Class 2A10,
(2.75) * 1-Month LIBOR + 17.46%, 11.23% (A), 06/25/2033		$   6,955		$   8,560
Series 2003-S9, Class A8,
5.25%, 10/25/2033		82,175		84,607
Series 2004-AR3, Class A1,
4.50% (A), 06/25/2034		17,163		17,617
Series 2004-AR3, Class A2,
4.50% (A), 06/25/2034		176,531		181,209
Series 2004-CB3, Class 4A,
6.00%, 10/25/2019		484		483
Series 2004-S2, Class 2A4,
5.50%, 06/25/2034		175,461		185,431
Washington Mutual MSC Mortgage Pass-Through Certificates Trust
Series 2004-RA2, Class 2A,
7.00%, 07/25/2033		48,215		53,471
Wells Fargo Commercial Mortgage Trust
Series 2014-LC16, Class A2,
2.82%, 08/15/2050		19,826		19,804
Series 2016-C35, Class A4,
2.93%, 07/15/2048		1,915,000		1,953,935
Wells Fargo Mortgage-Backed Securities Trust
Series 2003-K, Class 1A1,
4.69% (A), 11/25/2033		8,548		8,766
Series 2004-4, Class A9,
5.50%, 05/25/2034		114,521		118,131
Series 2004-EE, Class 2A1,
4.98% (A), 12/25/2034		59,824		61,853
Series 2004-EE, Class 2A2,
4.98% (A), 12/25/2034		14,956		15,602
Series 2004-EE, Class 3A1,
4.84% (A), 12/25/2034		18,314		18,927
Series 2004-EE, Class 3A2,
4.84% (A), 12/25/2034		27,471		28,443
Series 2004-I, Class 1A1,
4.88% (A), 07/25/2034		359,976		374,643
Series 2004-P, Class 2A1,
4.81% (A), 09/25/2034		390,485		405,125
Series 2004-R, Class 2A1,
4.75% (A), 09/25/2034		181,554		188,059
Series 2004-U, Class A1,
4.89% (A), 10/25/2034		340,841		346,839
Series 2004-V, Class 1A1,
4.95% (A), 10/25/2034		41,612		43,025
Series 2004-V, Class 1A2,
4.95% (A), 10/25/2034		18,577		19,478
Series 2004-W, Class A9,
4.86% (A), 11/25/2034		58,456		60,611
Series 2005-AR3, Class 1A1,
4.98% (A), 03/25/2035		274,370		285,607
Series 2005-AR8, Class 2A1,
5.01% (A), 06/25/2035		89,224		90,271
Series 2005-AR9, Class 2A1,
4.72% (A), 10/25/2033		39,089		40,000
WFRBS Commercial Mortgage Trust
Series 2011-C3, Class A4,
4.38%, 03/15/2044 (B)		550,000		564,337
Total Mortgage-Backed Securities (Cost $33,721,214)				34,440,385
MUNICIPAL GOVERNMENT OBLIGATIONS - 0.5%
California - 0.1%
State of California, General Obligation Unlimited,
7.30%, 10/01/2039		520,000		790,967

The notes are an integral part of this report. Transamerica Funds Page    18

Transamerica Core Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
New York - 0.2%
New York State Dormitory Authority, Revenue Bonds,
5.60%, 03/15/2040		$   280,000		$   359,554
Port Authority of New York & New Jersey, Revenue Bonds
4.46%, 10/01/2062		800,000		966,872
5.65%, 11/01/2040		655,000		869,132
				2,195,558
Ohio - 0.2%
American Municipal Power, Inc., Revenue Bonds,
Series B,
7.50%, 02/15/2050		640,000		1,001,216
Ohio State University, Revenue Bonds,
Series A,
4.80%, 06/01/2111		1,370,000		1,683,881
				2,685,097
Total Municipal Government Obligations (Cost $4,423,516)				5,671,622
U.S. GOVERNMENT AGENCY OBLIGATIONS - 31.1%
Federal Home Loan Mortgage Corp.
3.50%, 06/01/2042 - 07/15/2042		2,394,960		2,490,928
4.00%, 04/01/2043 - 01/01/2046		3,173,674		3,353,996
6-Month LIBOR + 1.53%, 4.21% (A), 05/01/2037		71,152		73,584
12-Month LIBOR + 1.59%, 4.44% (A), 12/01/2036		171,136		178,743
12-Month LIBOR + 1.67%, 4.46% (A), 12/01/2036		108,168		113,213
4.50%, 05/01/2041 - 07/01/2047		11,800,000		12,716,855
6-Month LIBOR + 1.70%, 4.52% (A), 10/01/2036		19,120		19,810
12-Month LIBOR + 1.64%, 4.52% (A), 11/01/2036		50,807		53,190
12-Month LIBOR + 1.82%, 4.57% (A), 09/01/2037		22,013		23,193
1-Year CMT + 2.36%, 4.61% (A), 10/01/2037		16,742		17,521
1-Year CMT + 2.25%, 4.67% (A), 02/01/2036		254,718		267,919
6-Month LIBOR + 2.01%, 4.67% (A), 05/01/2037		37,503		39,434
1-Year CMT + 2.25%, 4.74% (A), 07/01/2036		181,455		191,379
1-Year CMT + 2.24%, 4.76% (A), 11/01/2036		145,999		153,801
12-Month LIBOR + 1.70%, 4.77% (A), 02/01/2037		22,982		24,146
1-Year CMT + 2.43%, 4.84% (A), 12/01/2031		357,496		377,868
12-Month LIBOR + 2.00%, 4.88% (A), 11/01/2036		12,705		13,414
12-Month LIBOR + 1.91%, 4.91% (A), 04/01/2037		1,397		1,441
12-Month LIBOR + 1.90%, 4.93% (A), 05/01/2038		16,131		17,195
1-Year CMT + 2.25%, 4.95% (A), 01/01/2035		252,267		265,358
5.00%, 08/01/2040		308,759		337,351
12-Month LIBOR + 1.98%, 5.00% (A), 04/01/2037		17,651		18,635

	Principal		Value
U.S. GOVERNMENT AGENCY OBLIGATIONS (continued)
Federal Home Loan Mortgage Corp. (continued)
12-Month LIBOR + 2.18%, 5.06% (A), 05/01/2037		$   96,985		$   103,104
1-Year CMT + 2.65%, 5.07% (A), 10/01/2037		94,000		92,740
12-Month LIBOR + 2.04%, 5.11% (A), 05/01/2037		42,330		44,801
12-Month LIBOR + 2.33%, 5.22% (A), 05/01/2036		27,205		29,127
12-Month LIBOR + 2.47%, 5.35% (A), 03/01/2036		76,470		81,520
12-Month LIBOR + 2.35%, 5.48% (A), 03/01/2037		29,679		31,183
5.50%, 02/01/2021 - 12/01/2035		681,880		721,350
6.00%, 12/01/2036 - 06/01/2037		195,114		215,536
6.50%, 05/01/2035 - 03/01/2038		899,339		1,025,635
7.50%, 02/01/2038 - 09/01/2038		41,085		47,125
10.00%, 03/17/2026 - 10/01/2030		17,196		17,927
11.00%, 02/17/2021		1,417		1,427
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates
2.27%, 01/25/2023		2,500,000		2,496,965
2.31%, 12/25/2022		2,482,850		2,490,848
2.33%, 06/25/2021		2,100,000		2,099,203
2.60%, 09/25/2020		61,375		61,338
2.72%, 07/25/2026		1,456,000		1,486,944
2.74%, 09/25/2025		1,000,000		1,023,431
2.81%, 09/25/2024		4,140,000		4,248,207
2.84%, 09/25/2022		976,993		991,544
2.93%, 01/25/2023		1,141,734		1,163,324
1-Month LIBOR + 0.70%, 3.10% (A), 09/25/2022		224,923		225,304
3.12%, 06/25/2027		654,000		686,314
3.21% (A), 04/25/2028		970,000		1,016,868
3.24%, 04/25/2027		1,097,000		1,161,074
3.30% (A), 11/25/2027		965,000		1,026,722
3.33%, 05/25/2027		590,000		625,584
3.35%, 01/25/2028		1,595,000		1,701,705
3.90% (A), 08/25/2028		1,720,000		1,912,087
Federal Home Loan Mortgage Corp. REMIC
1-Month LIBOR + 0.25%, 2.58% (A), 08/15/2023		125,123		124,720
1-Month LIBOR + 0.30%, 2.63% (A), 03/15/2036		32,249		32,138
1-Month LIBOR + 0.40%, 2.84% (A), 07/15/2037		544,654		543,114
1-Month LIBOR + 1.20%, 3.53% (A), 07/15/2039		22,695		23,215
4.00%, 11/15/2041 - 07/15/2042		3,361,238		3,722,063
4.50%, 06/15/2025		1,861,875		1,941,310
5.00%, 07/15/2033 - 07/15/2041		8,978,114		10,350,543
5.30%, 01/15/2033		354,479		393,192
(1.50) * 1-Month LIBOR + 9.08%, 5.47% (A), 11/15/2033		64,451		67,415
5.50%, 02/15/2022 - 01/15/2039		2,621,136		2,903,166
(3.62) * 1-Month LIBOR + 27.21%, 5.50% (A), 05/15/2041		506,157		531,113
(3.67) * 1-Month LIBOR + 27.50%, 5.50% (A), 05/15/2041		618,316		682,973
5.72% (A), 10/15/2038		199,923		218,618
6.00%, 05/15/2034 - 06/15/2038		1,459,550		1,665,165
6.25%, 10/15/2023		111,285		117,329
6.50%, 08/15/2021 - 06/15/2032		852,008		930,599
7.00%, 12/15/2036		392,024		457,018
7.01% (A), 11/15/2021		26,845		27,226
7.37% (A), 11/15/2046		546,499		639,451

The notes are an integral part of this report. Transamerica Funds Page    19

Transamerica Core Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
U.S. GOVERNMENT AGENCY OBLIGATIONS (continued)
Federal Home Loan Mortgage Corp. REMIC (continued)
7.50%, 11/15/2036 - 12/15/2036		$   468,497		$   554,897
(7.27) * 1-Month LIBOR + 48.00%, 8.00% (A), 06/15/2035		14,898		17,158
(3.33) * 1-Month LIBOR + 17.50%, 9.75% (A), 02/15/2040		361,475		457,894
(1.83) * 1-Month LIBOR + 14.85%, 10.59% (A), 06/15/2033		28,387		34,931
(2.50) * 1-Month LIBOR + 17.45%, 11.64% (A), 02/15/2038		12,231		14,259
(4.00) * 1-Month LIBOR + 22.00%, 12.70% (A), 05/15/2035		43,007		57,161
(3.00) * 1-Month LIBOR + 20.22%, 13.25% (A), 07/15/2035		27,112		33,631
(4.50) * 1-Month LIBOR + 24.75%, 14.29% (A), 06/15/2035		62,313		101,787
(2.60) * 1-Month LIBOR + 20.93%, 14.89% (A), 08/15/2031		35,710		48,447
Federal Home Loan Mortgage Corp. REMIC, Interest Only STRIPS
1.86% (A), 01/15/2040		427,258		21,995
(1.00) * 1-Month LIBOR + 6.00%, 3.68% (A), 11/15/2037 - 10/15/2040		835,363		116,114
(1.00) * 1-Month LIBOR + 6.05%, 3.73% (A), 05/15/2038		111,315		14,044
(1.00) * 1-Month LIBOR + 6.10%, 3.78% (A), 05/15/2039		57,778		3,374
(1.00) * 1-Month LIBOR + 6.40%, 3.92% (A), 01/15/2037		54,128		6,528
(1.00) * 1-Month LIBOR + 6.25%, 3.93% (A), 12/15/2039		182,617		24,095
4.00%, 11/15/2029 - 08/15/2037		335,122		10,965
(1.00) * 1-Month LIBOR + 6.34%, 4.02% (A), 12/15/2039		494,746		73,993
(1.00) * 1-Month LIBOR + 6.45%, 4.13% (A), 11/15/2037		22,343		2,505
(1.00) * 1-Month LIBOR + 6.80%, 4.48% (A), 09/15/2039		166,748		21,497
4.50%, 12/15/2024		6,816		132
5.00%, 04/15/2032 - 08/15/2040		1,060,707		116,649
Federal Home Loan Mortgage Corp. REMIC, Principal Only STRIPS
04/15/2020 - 12/15/2043		4,544,049		4,015,419
Federal Home Loan Mortgage Corp. Structured Pass-Through Certificates
2.43% (A), 10/25/2037		356,162		380,816
5.23%, 05/25/2043		795,440		875,235
6.50%, 02/25/2043		263,558		311,799
6.50% (A), 09/25/2043		116,239		135,699
7.00%, 02/25/2043 - 07/25/2043		299,128		355,107
7.50%, 02/25/2042 - 09/25/2043		373,498		441,291
Federal Home Loan Mortgage Corp., Interest Only STRIPS
(1.00) * 1-Month LIBOR + 7.70%, 5.38% (A), 08/15/2036		342,097		63,698
Federal National Mortgage Association
Zero Coupon, 10/09/2019		4,865,000		4,844,339
2.15%, 01/25/2023		2,338,666		2,334,993
2.37%, 04/01/2023		1,641,624		1,643,367
2.38%, 10/01/2026		1,500,000		1,503,533
2.43%, 08/01/2026		1,919,208		1,930,250
2.48% (A), 12/25/2026		2,200,000		2,213,342
1-Month LIBOR + 0.22%, 2.49% (A), 03/25/2045 - 02/25/2046		131,480		131,316
2.49%, 05/01/2026 - 05/25/2026		2,997,257		3,014,422
2.61%, 06/01/2026		1,012,000		1,026,752
2.63%, 03/01/2026		2,930,051		2,981,441
2.64%, 06/01/2026		2,477,000		2,517,849

	Principal		Value
U.S. GOVERNMENT AGENCY OBLIGATIONS (continued)
Federal National Mortgage Association (continued)
1-Month LIBOR + 0.40%, 2.67% (A), 05/25/2042		$   197,629		$   195,689
2.67%, 04/01/2025		1,148,050		1,169,910
2.70%, 07/01/2026		1,276,000		1,302,035
2.80%, 10/01/2025 - 01/01/2028		14,877,211		15,265,225
1-Month LIBOR + 0.55%, 2.82% (A), 08/25/2042		782,559		790,536
2.90%, 06/25/2027		2,039,987		2,089,386
2.92%, 01/01/2025		2,510,000		2,589,635
2.93%, 06/01/2030		1,000,000		1,028,617
2.94% (A), 01/25/2026		3,486,000		3,593,523
2.94%, 12/01/2028		5,000,000		5,173,254
2.98%, 06/01/2027		1,715,000		1,772,664
2.99%, 08/01/2029		3,000,000		3,117,401
3.00%, 06/01/2043		1,200,788		1,223,614
3.02%, 07/01/2024 - 05/01/2030		13,134,938		13,619,610
3.04%, 06/01/2024 - 07/01/2029		6,886,935		7,162,975
3.04% (A), 03/25/2028		1,138,000		1,190,411
3.06% (A), 05/25/2027		1,700,000		1,767,215
3.08%, 12/01/2024		1,877,137		1,950,063
3.08% (A), 06/25/2027		1,771,000		1,848,229
3.09%, 09/01/2029		3,797,000		3,981,788
3.09% (A), 02/25/2030		815,000		848,804
3.11%, 03/01/2027		1,956,001		2,048,770
3.15%, 04/01/2031		3,090,876		3,230,081
3.17%, 02/01/2030		976,151		1,018,876
3.18% (A), 04/25/2029		1,419,000		1,490,412
3.21%, 03/01/2029		5,000,000		5,301,382
3.24%, 06/01/2026		914,649		963,584
3.28%, 11/01/2030		1,980,083		2,088,761
3.29%, 08/01/2026		2,000,000		2,115,243
3.32%, 04/01/2029		5,000,000		5,306,831
3.37%, 05/01/2037		920,811		984,363
1-Month LIBOR + 0.93%, 3.37% (A), 11/25/2022		459,439		459,970
3.38%, 12/01/2029		789,685		838,505
3.38% (A), 07/25/2028		2,032,000		2,172,338
3.45%, 04/01/2029		3,867,000		4,143,808
3.50%, 04/01/2043 - 01/01/2044		2,529,826		2,625,276
3.52%, 10/01/2029		806,699		864,091
3.57%, 07/01/2028		2,470,878		2,668,971
3.59%, 01/01/2031		940,370		1,014,377
3.73%, 05/01/2029		854,354		931,249
3.76%, 12/01/2035		1,897,208		2,082,544
3.82%, 07/01/2030		2,502,000		2,763,235
3.90%, 09/01/2021		868,958		892,659
3.97%, 12/01/2025		410,183		447,564
4.00%, 01/01/2043 - 06/01/2047		4,846,071		5,094,981
4.02%, 11/01/2028		637,495		707,187
6-Month LIBOR + 1.28%, 4.04% (A), 07/01/2037		69,976		71,781
4.05%, 01/01/2021		6,065,000		6,166,474
6-Month LIBOR + 1.28%, 4.08% (A), 09/01/2036		35,204		36,110
12-Month LIBOR + 1.40%, 4.17% (A), 11/01/2037		44,263		45,974
12-Month LIBOR + 1.46%, 4.21% (A), 09/01/2037		29,750		31,091
4.23%, 02/01/2029		4,036,792		4,542,487
4.25%, 04/01/2021		2,500,000		2,562,662
4.26%, 07/01/2021		2,391,221		2,462,620
4.34%, 06/01/2021		7,000,000		7,206,133
6-Month LIBOR + 1.50%, 4.36% (A), 02/01/2037		51,520		53,289
12-Month LIBOR + 1.63%, 4.38% (A), 09/01/2036		106,940		111,098

The notes are an integral part of this report. Transamerica Funds Page    20

Transamerica Core Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
U.S. GOVERNMENT AGENCY OBLIGATIONS (continued)
Federal National Mortgage Association (continued)
1-Year CMT + 2.06%, 4.40% (A), 11/01/2037		$   85,779		$   89,964
12-Month LIBOR + 1.65%, 4.41% (A), 07/01/2037		32,699		34,311
6-Month LIBOR + 1.54%, 4.42% (A), 02/01/2037		21,007		21,757
4.45%, 07/01/2026		1,322,514		1,494,300
4.50%, 08/01/2021		3,000,000		3,107,272
4.55%, 06/25/2043		84,870		90,542
12-Month LIBOR + 1.77%, 4.59% (A), 10/01/2036		24,388		25,498
12-Month LIBOR + 1.80%, 4.61% (A), 07/01/2037		28,053		29,709
12-Month LIBOR + 1.84%, 4.61% (A), 06/01/2036		70,789		74,813
12-Month LIBOR + 1.88%, 4.63% (A), 08/01/2036		4,386		4,442
12-Month LIBOR + 1.77%, 4.64% (A), 12/01/2036		29,548		31,105
12-Month LIBOR + 1.62%, 4.64% (A), 04/01/2037		11,177		11,703
12-Month LIBOR + 1.82%, 4.70% (A), 09/01/2036		17,785		18,697
12-Month LIBOR + 1.83%, 4.70% (A), 05/01/2036		77,725		82,127
12-Month LIBOR + 1.67%, 4.72% (A), 04/01/2036		35,741		37,531
12-Month LIBOR + 1.86%, 4.73% (A), 11/01/2036		16,881		17,713
12-Month LIBOR + 1.94%, 4.81% (A), 12/01/2036		50,698		53,267
5.00%, 04/01/2022 - 08/01/2040		782,765		852,531
12-Month LIBOR + 2.28%, 5.07% (A), 11/01/2036		7,755		8,224
12-Month LIBOR + 2.37%, 5.13% (A), 08/01/2037		27,999		29,859
6-Month LIBOR + 2.50%, 5.25% (A), 03/01/2036		174,138		185,963
12-Month LIBOR + 2.38%, 5.34% (A), 03/01/2036		87,510		93,601
5.50%, 11/01/2032 - 07/01/2037		1,320,972		1,451,275
6.00%, 10/01/2019 - 11/01/2037		2,227,733		2,426,529
6.50%, 06/01/2023 - 07/25/2042		1,444,517		1,622,874
7.00%, 12/25/2033 - 02/25/2044		1,076,514		1,238,302
7.50%, 10/01/2037 - 12/25/2045		643,300		765,560
8.00%, 10/01/2031		58,485		65,209
Federal National Mortgage Association REMIC
1-Month LIBOR + 0.24%, 2.51% (A), 10/25/2046		122,193		122,002
1-Month LIBOR + 0.29%, 2.56% (A), 07/25/2036		112,464		112,289
1-Month LIBOR + 0.40%, 2.67% (A), 06/25/2037		28,247		28,401
1-Month LIBOR + 0.25%, 2.75% (A), 06/27/2036		161,188		158,238
1-Month LIBOR + 0.55%, 2.82% (A), 08/25/2041		298,306		300,931
1-Month LIBOR + 0.60%, 2.87% (A), 04/25/2040		230,704		232,260
3.00%, 01/25/2046		801,318		817,479
3.50%, 02/25/2043		992,271		1,037,323
4.50%, 02/25/2039 - 05/25/2041		1,122,747		1,214,720
4.62% (A), 12/25/2039		154,533		164,301
5.50%, 08/25/2025 - 10/25/2040		6,647,784		7,435,434
5.61%, 01/25/2032		52,812		55,593
5.75%, 08/25/2034		915,166		1,011,050

	Principal		Value
U.S. GOVERNMENT AGENCY OBLIGATIONS (continued)
Federal National Mortgage Association REMIC (continued)
5.77% (A), 05/25/2051		$   195,803		$   218,691
5.84% (A), 12/25/2042		109,374		119,976
5.99% (A), 06/25/2040		150,228		168,463
6.00%, 03/25/2029 - 12/25/2049		2,064,484		2,298,294
6.22% (A), 02/25/2040		187,310		207,480
6.25%, 09/25/2038		24,982		27,812
6.44% (A), 03/25/2040		239,013		273,040
6.50%, 04/18/2028 - 11/25/2041		724,871		821,172
6.75%, 04/25/2037		57,926		63,981
7.00%, 03/25/2038 - 11/25/2041		1,644,736		1,885,950
7.50%, 05/17/2024		70,948		76,167
8.00%, 02/25/2023		255,898		272,836
(2.00) * 1-Month LIBOR + 12.66%, 8.13% (A), 03/25/2040		241,214		282,865
(3.33) * 1-Month LIBOR + 17.67%, 10.11% (A), 04/25/2040		189,980		239,458
(2.75) * 1-Month LIBOR + 17.88%, 11.03% (A), 09/25/2024		82,752		94,270
(2.50) * 1-Month LIBOR + 16.88%, 11.21% (A), 08/25/2035 - 10/25/2035		63,141		80,230
(2.00) * 1-Month LIBOR + 16.20%, 11.22% (A), 01/25/2034		16,367		18,138
(2.75) * 1-Month LIBOR + 19.53%, 13.29% (A), 05/25/2034		109,630		152,940
(2.75) * 1-Month LIBOR + 20.13%, 13.90% (A), 05/25/2035		132,691		162,076
(3.33) * 1-Month LIBOR + 22.67%, 15.11% (A), 04/25/2037		60,278		85,547
(3.67) * 1-Month LIBOR + 24.57%, 16.26% (A), 11/25/2035		65,200		90,509
Federal National Mortgage Association REMIC, Interest Only STRIPS
1.53% (A), 01/25/2038		63,954		2,590
1.82% (A), 04/25/2041		287,660		15,849
(1.00) * 1-Month LIBOR + 4.44%, 2.17% (A), 11/25/2040		862,280		64,428
(1.00) * 1-Month LIBOR + 5.00%, 2.73% (A), 07/25/2040		875,060		108,734
3.00%, 01/25/2021		134,112		2,257
(1.00) * 1-Month LIBOR + 5.90%, 3.41% (A), 10/25/2039		38,062		4,231
(1.00) * 1-Month LIBOR + 6.00%, 3.51% (A), 02/25/2038		194,898		29,046
(1.00) * 1-Month LIBOR + 6.00%, 3.73% (A), 06/25/2039		459,251		44,762
(1.00) * 1-Month LIBOR + 6.18%, 3.91% (A), 12/25/2039		11,454		1,359
(1.00) * 1-Month LIBOR + 6.25%, 3.98% (A), 01/25/2040		253,273		38,275
(1.00) * 1-Month LIBOR + 6.35%, 4.08% (A), 12/25/2037		507,529		72,420
(1.00) * 1-Month LIBOR + 6.40%, 4.13% (A), 07/25/2037 - 05/25/2040		618,371		94,065
(1.00) * 1-Month LIBOR + 6.42%, 4.15% (A), 04/25/2040		92,454		12,290
(1.00) * 1-Month LIBOR + 6.45%, 4.18% (A), 10/25/2037 - 12/25/2037		278,195		43,741
(1.00) * 1-Month LIBOR + 6.70%, 4.21% (A), 03/25/2036		1,052,298		201,346
(1.00) * 1-Month LIBOR + 6.62%, 4.35% (A), 07/25/2037		138,962		16,954
(1.00) * 1-Month LIBOR + 6.65%, 4.38% (A), 10/25/2026 - 03/25/2039		516,256		51,105
(1.00) * 1-Month LIBOR + 6.99%, 4.72% (A), 03/25/2038		138,627		26,805

The notes are an integral part of this report. Transamerica Funds Page    21

Transamerica Core Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
U.S. GOVERNMENT AGENCY OBLIGATIONS (continued)
Federal National Mortgage Association REMIC, Interest Only STRIPS (continued)
(1.00) * 1-Month LIBOR + 7.10%, 4.83% (A), 02/25/2040		$   114,691		$   18,506
5.00%, 07/25/2039		73,310		11,554
5.50%, 10/25/2039		103,712		19,580
Federal National Mortgage Association REMIC, Principal Only STRIPS
10/25/2023 - 12/25/2043		2,932,188		2,632,802
Federal National Mortgage Association, Principal Only STRIPS
09/25/2024 - 08/25/2032		377,958		353,320
FREMF Mortgage Trust
3.58% (A), 11/25/2049 (B)		920,000		936,203
3.68% (A), 01/25/2048 (B)		1,405,000		1,410,321
3.68% (A), 01/25/2048 (B)		4,355,000		4,491,051
3.83% (A), 11/25/2047 (B)		2,000,000		2,032,527
3.84% (A), 07/25/2049 (B)		750,000		773,804
4.07% (A), 11/25/2047 (B)		853,000		887,570
Government National Mortgage Association
1-Month LIBOR + 0.45%, 2.88% (A), 03/20/2060		9,746		9,690
1-Month LIBOR + 0.47%, 2.90% (A), 05/20/2063		1,500,387		1,499,879
1-Month LIBOR + 0.50%, 2.93% (A), 06/20/2067		2,120,118		2,120,819
1-Month LIBOR + 0.52%, 2.95% (A), 10/20/2062		1,272,433		1,273,399
1-Month LIBOR + 0.53%, 2.96% (A), 10/20/2062		1,088,478		1,091,527
1-Month LIBOR + 0.58%, 3.01% (A), 05/20/2066		1,166,079		1,167,660
1-Month LIBOR + 0.60%, 3.03% (A), 11/20/2065		2,792,958		2,804,963
1-Month LIBOR + 0.65%, 3.08% (A), 02/20/2064		2,090,658		2,099,265
1-Month LIBOR + 0.70%, 3.13% (A), 08/20/2063 - 03/20/2066		4,631,745		4,664,292
1-Month LIBOR + 0.65%, 3.16% (A), 05/20/2061 - 01/20/2066		3,588,266		3,610,588
1-Month LIBOR + 0.70%, 3.21% (A), 05/20/2061 - 10/20/2065		54,043		54,177
1-Month LIBOR + 1.00%, 3.43% (A), 12/20/2066		770,706		782,491
4.50%, 11/20/2034		966,203		1,059,705
(1.15) * 1-Month LIBOR + 7.67%, 5.00% (A), 03/17/2033		3,640		3,644
5.50%, 01/16/2033 - 09/20/2039		3,476,596		3,835,107
5.75%, 02/20/2036 - 10/20/2037		554,959		602,516
5.82% (A), 10/20/2033		218,861		245,271
6.00%, 11/20/2033 - 08/20/2038		804,527		898,736
6.50%, 12/20/2031 - 12/15/2035		736,772		838,226
7.00%, 09/15/2031 - 10/16/2040		791,970		897,561
(6.25) * 1-Month LIBOR + 44.50%, 7.00% (A), 09/20/2034		11,897		12,831
7.50%, 09/16/2035 - 10/15/2037		140,516		163,668
(1.83) * 1-Month LIBOR + 14.70%, 10.43% (A), 11/17/2032		18,881		20,917
(2.92) * 1-Month LIBOR + 17.50%, 10.88% (A), 02/20/2034		45,915		57,277
(3.50) * 1-Month LIBOR + 23.28%, 15.32% (A), 04/20/2037		124,130		183,551
Government National Mortgage Association, Interest Only STRIPS
1.62% (A), 06/20/2067		4,815,319		444,200
(1.00) * 1-Month LIBOR + 6.00%, 3.52% (A), 02/20/2038		681,282		99,507

	Principal		Value
U.S. GOVERNMENT AGENCY OBLIGATIONS (continued)
Government National Mortgage Association, Interest Only STRIPS (continued)
(1.00) * 1-Month LIBOR + 5.83%, 3.56% (A), 02/20/2038		$   63,963		$   7,300
(1.00) * 1-Month LIBOR + 6.10%, 3.62% (A), 11/20/2034		325,115		40,272
(1.00) * 1-Month LIBOR + 5.90%, 3.63% (A), 09/20/2038		408,883		53,001
(1.00) * 1-Month LIBOR + 5.95%, 3.68% (A), 02/20/2039 - 06/20/2039		164,152		19,459
(1.00) * 1-Month LIBOR + 6.05%, 3.72% (A), 08/16/2039		253,151		35,418
(1.00) * 1-Month LIBOR + 6.10%, 3.77% (A), 07/16/2039		256,523		32,862
(1.00) * 1-Month LIBOR + 6.04%, 3.77% (A), 02/20/2039		54,611		5,172
(1.00) * 1-Month LIBOR + 6.30%, 3.82% (A), 03/20/2039		7,659		105
(1.00) * 1-Month LIBOR + 6.09%, 3.82% (A), 09/20/2039		400,196		41,896
(1.00) * 1-Month LIBOR + 6.15%, 3.88% (A), 07/20/2038		468,213		68,476
(1.00) * 1-Month LIBOR + 6.20%, 3.93% (A), 03/20/2037 - 06/20/2038		174,231		24,965
(1.00) * 1-Month LIBOR + 6.40%, 4.07% (A), 06/16/2039 - 11/16/2039		317,363		35,381
(1.00) * 1-Month LIBOR + 6.40%, 4.13% (A), 12/20/2038		74,201		4,910
(1.00) * 1-Month LIBOR + 6.55%, 4.22% (A), 11/16/2033		70,138		7,994
(1.00) * 1-Month LIBOR + 6.55%, 4.28% (A), 11/20/2037		41,726		5,148
(1.00) * 1-Month LIBOR + 6.60%, 4.33% (A), 05/20/2041		277,102		42,695
(1.00) * 1-Month LIBOR + 6.68%, 4.41% (A), 07/20/2037		256,049		33,344
(1.00) * 1-Month LIBOR + 6.70%, 4.43% (A), 06/20/2037		487,313		71,699
(1.00) * 1-Month LIBOR + 7.30%, 5.03% (A), 12/20/2038		269,968		50,186
(1.00) * 1-Month LIBOR + 7.60%, 5.33% (A), 09/20/2038		31,514		4,478
(1.00) * 1-Month LIBOR + 7.70%, 5.37% (A), 04/16/2038		24,404		4,312
6.50%, 03/20/2039		36,288		7,365
Government National Mortgage Association, Principal Only STRIPS
12/20/2032 - 12/20/2040		1,018,102		900,363
Government Trust Certificate
Series 2001-Z,
Zero Coupon, 04/01/2020		10,890,000		10,726,356
National Credit Union Administration Guaranteed Notes Trust
Series 2010-R3, Class 3A,
2.40%, 12/08/2020		33,168		33,229
Residual Funding Corp., Principal Only STRIPS
10/15/2019 - 01/15/2030		6,425,000		5,900,990
Resolution Funding Corp., Principal Only STRIPS
01/15/2026 - 10/15/2027		170,000		144,104
Tennessee Valley Authority
4.25%, 09/15/2065		365,000		457,546
4.63%, 09/15/2060		451,000		599,164
5.88%, 04/01/2036		2,565,000		3,550,552
Tennessee Valley Authority, Principal Only STRIPS
11/01/2025 - 05/01/2030		3,300,000		2,704,693

The notes are an integral part of this report. Transamerica Funds Page    22

Transamerica Core Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
U.S. GOVERNMENT AGENCY OBLIGATIONS (continued)
Vendee Mortgage Trust
6.75%, 06/15/2028		$   225,920		$   253,231
7.25%, 02/15/2023		198,945		212,489
Total U.S. Government Agency Obligations (Cost $352,687,046)				357,939,075
U.S. GOVERNMENT OBLIGATIONS - 23.2%
U.S. Treasury - 22.5%
U.S. Treasury Bond
2.25%, 08/15/2046		220,000		207,737
2.50%, 02/15/2045		2,300,000		2,290,297
2.75%, 08/15/2042 - 11/15/2042		3,548,000		3,718,380
2.88%, 08/15/2045		2,000,000		2,136,172
3.00%, 02/15/2048		430,000		470,766
3.13%, 02/15/2043 - 05/15/2048		4,871,000		5,435,497
3.38%, 05/15/2044		3,000,000		3,484,219
3.63%, 08/15/2043 - 02/15/2044		10,190,000		12,302,009
3.75%, 11/15/2043		20,490,000		25,215,506
3.88%, 08/15/2040		5,000,000		6,238,281
4.38%, 11/15/2039 - 05/15/2041		3,840,000		5,115,128
5.38%, 02/15/2031		29,000		38,866
U.S. Treasury Bond, Principal Only STRIPS
05/15/2020 - 11/15/2041		97,060,000		79,492,653
05/15/2022 - 08/15/2033 (G)		11,115,000		9,334,559
U.S. Treasury Note
1.25%, 10/31/2021		4,800,000		4,732,313
1.50%, 02/28/2023 - 08/15/2026		5,142,000		5,077,359
1.63%, 10/31/2023 - 02/15/2026		7,088,400		7,021,699
1.75%, 02/28/2022 - 05/15/2023		24,699,000		24,618,044
1.88%, 08/31/2022 - 08/31/2024		4,398,000		4,400,639
2.00%, 10/31/2021 - 11/15/2026		8,415,800		8,442,807
2.13%, 01/31/2021 - 03/31/2024		3,279,000		3,303,860
2.25%, 11/15/2024 - 02/15/2027		4,155,000		4,234,857
2.38%, 08/15/2024		18,000,000		18,439,453
2.50%, 08/15/2023 - 05/15/2024		10,148,000		10,402,744
2.63%, 05/15/2021		2,163,600		2,189,377
2.75%, 05/31/2023 - 02/15/2024		6,334,000		6,578,437
2.88%, 05/31/2025 - 05/15/2028		4,181,000		4,435,992
				259,357,651
U.S. Treasury Inflation-Protected Securities - 0.7%
U.S. Treasury Inflation-Indexed Bond
2.50%, 01/15/2029		2,981,775		3,587,355
U.S. Treasury Inflation-Indexed Note
0.13%, 01/15/2022		3,288,980		3,258,108
1.38%, 01/15/2020		1,436,410		1,430,532
				8,275,995
Total U.S. Government Obligations (Cost $254,518,875)				267,633,646
OTHER INVESTMENT COMPANY - 0.8%
	Shares		Value
Securities Lending Collateral - 0.8%
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 2.32% (I)		8,874,149		8,874,149
Total Other Investment Company (Cost $8,874,149)				8,874,149

	Principal		Value
REPURCHASE AGREEMENT - 2.2%
Fixed Income Clearing Corp., 1.45% (I), dated 07/31/2019, to be repurchased at $25,603,841 on 08/01/2019. Collateralized by a U.S. Government Obligation, 2.50%, due 02/28/2021, and with a value of $26,115,619.		$  25,602,810		$   25,602,810
Total Repurchase Agreement (Cost $25,602,810)				25,602,810
Total Investments (Cost $1,118,850,206)				1,154,795,232
Net Other Assets (Liabilities) - (0.3)%				(2,944,318	)
Net Assets - 100.0%				$  1,151,850,914

The notes are an integral part of this report. Transamerica Funds Page    23

Transamerica Core Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

SECURITY VALUATION:

Valuation Inputs

	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs (J)		Value
ASSETS
Investments
Asset-Backed Securities	$	—	$	147,827,053	$	3,690,523	$	151,517,576
Corporate Debt Securities		—		295,156,276		—		295,156,276
Foreign Government Obligations		—		7,959,693		—		7,959,693
Mortgage-Backed Securities		—		34,440,385		—		34,440,385
Municipal Government Obligations		—		5,671,622		—		5,671,622
U.S. Government Agency Obligations		—		357,939,075		—		357,939,075
U.S. Government Obligations		—		267,633,646		—		267,633,646
Other Investment Company		8,874,149		—		—		8,874,149
Repurchase Agreement		—		25,602,810		—		25,602,810
Total Investments	$	8,874,149	$	1,142,230,560	$	3,690,523	$	1,154,795,232

Transfers

Investments	Transfers from Level 1 to Level 3		Transfers from Level 3 to Level 1		Transfers from Level 2 to Level 3		Transfers from Level 3 to Level 2
Asset-Backed Securities (E)	$	—	$	—	$	1,628,825	$	—

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	Floating or variable rate securities. The rates disclosed are as of July 31, 2019. For securities based on a published reference rate and spread, the reference rate and spread are indicated within the description. Variable rate securities with a floor or ceiling feature are disclosed at the inherent rate, where applicable. Certain variable rate securities are not based on a published reference rate and spread, but are determined by the issuer or agent and are based on current market conditions; these securities do not indicate a reference rate and spread in the description.
(B)	Securities are registered pursuant to Rule 144A of the Securities Act of 1933. Unless otherwise indicated, the securities are deemed to be liquid for purposes of compliance limitations on holdings of illiquid securities and may be resold as transactions exempt from registration, normally to qualified institutional buyers. At July 31, 2019, the total value of 144A securities is $206,557,903, representing 17.9% of the Fund’s net assets.
(C)	Fair valued as determined in good faith in accordance with procedures established by the Board. At July 31, 2019, the total value of securities is $4,790,523, representing 0.4% of the Fund’s net assets.
(D)	Securities are Level 3 of the fair value hierarchy.
(E)	Transferred from Level 2 to 3 due to utilizing significant unobservable inputs. As of prior reporting period the security utilized significant observable inputs.
(F)	Percentage rounds to less than 0.1% or (0.1)%.
(G)	All or a portion of the securities are on loan. The total value of all securities on loan is $8,691,252. 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.
(H)	Perpetual maturity. The date displayed is the next call date.
(I)	Rates disclosed reflect the yields at July 31, 2019.
(J)	Level 3 securities were not considered significant to the Fund.

PORTFOLIO ABBREVIATIONS:

CMT	Constant Maturity Treasury
LIBOR	London Interbank Offered Rate
MTN	Medium Term Note
STRIPS	Separate Trading of Registered Interest and Principal of Securities

The notes are an integral part of this report. Transamerica Funds Page    24

Transamerica Dividend Focused

SCHEDULE OF INVESTMENTS

At July 31, 2019

(unaudited)

	Shares		Value
COMMON STOCKS - 98.3%
Aerospace & Defense - 3.9%
General Dynamics Corp.		49,925		$  9,283,054
United Technologies Corp.		84,776		11,326,074
				20,609,128
Banks - 12.0%
Bank of America Corp.		528,808		16,223,829
JPMorgan Chase & Co.		98,352		11,408,832
US Bancorp		287,184		16,412,566
Wells Fargo & Co.		409,690		19,833,093
				63,878,320
Building Products - 2.2%
Johnson Controls International PLC		279,626		11,867,328
Capital Markets - 2.9%
Northern Trust Corp.		158,742		15,556,716
Chemicals - 6.9%
Corteva, Inc.		198,943		5,868,818
DuPont de Nemours, Inc.		151,222		10,912,180
Linde PLC		102,975		19,697,058
				36,478,056
Consumer Finance - 2.1%
American Express Co.		88,474		11,003,512
Diversified Telecommunication Services - 5.6%
AT&T, Inc.		547,869		18,654,940
Verizon Communications, Inc.		198,671		10,980,546
				29,635,486
Electric Utilities - 7.9%
Entergy Corp.		227,436		24,021,790
Exelon Corp.		402,899		18,154,629
				42,176,419
Energy Equipment & Services - 2.7%
Schlumberger, Ltd.		355,958		14,227,641
Equity Real Estate Investment Trusts - 4.5%
HCP, Inc.		569,032		18,169,192
Simon Property Group, Inc.		34,143		5,537,994
				23,707,186
Health Care Equipment & Supplies - 2.7%
Medtronic PLC		139,029		14,172,616
Health Care Providers & Services - 5.3%
CVS Health Corp.		276,364		15,440,457
UnitedHealth Group, Inc.		50,638		12,609,368
				28,049,825
Household Durables - 1.5%
Whirlpool Corp.		55,533		8,078,941
Industrial Conglomerates - 3.8%
General Electric Co.		1,929,295		20,161,133

	Shares		Value
COMMON STOCKS (continued)
Insurance - 3.1%
Chubb, Ltd.		107,517		$   16,432,898
IT Services - 2.8%
International Business Machines Corp.		99,499		14,749,732
Machinery - 3.9%
Stanley Black & Decker, Inc.		77,803		11,482,945
Wabtec Corp. (A)		118,188		9,180,844
				20,663,789
Multi-Utilities - 3.7%
Dominion Energy, Inc.		267,090		19,842,116
Multiline Retail - 3.0%
Target Corp.		185,668		16,041,715
Oil, Gas & Consumable Fuels - 10.6%
BP PLC, ADR		403,051		16,017,247
EOG Resources, Inc.		141,845		12,177,393
Phillips 66		181,581		18,622,947
Valero Energy Corp.		107,371		9,153,378
				55,970,965
Pharmaceuticals - 2.1%
Johnson & Johnson		85,641		11,152,171
Specialty Retail - 2.7%
Lowe’s Cos., Inc.		139,498		14,145,097
Tobacco - 2.4%
Philip Morris International, Inc.		152,182		12,723,937
Total Common Stocks (Cost $475,995,291)				521,324,727
OTHER INVESTMENT COMPANY - 1.5%
Securities Lending Collateral - 1.5%
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 2.32% (B)		7,890,764		7,890,764
Total Other Investment Company (Cost $7,890,764)				7,890,764
	Principal		Value
REPURCHASE AGREEMENT - 1.3%
Fixed Income Clearing Corp., 1.45% (B), dated 07/31/2019, to be repurchased at $7,049,015 on 08/01/2019. Collateralized by a U.S. Government Obligation, 2.50%, due 02/28/2021, and with a value of $7,191,479.		$  7,048,731		7,048,731
Total Repurchase Agreement (Cost $7,048,731)				7,048,731
Total Investments (Cost $490,934,786)				536,264,222
Net Other Assets (Liabilities) - (1.1)%				(5,792,646	)
Net Assets - 100.0%				$  530,471,576

The notes are an integral part of this report. Transamerica Funds Page    1

Transamerica Dividend Focused

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

SECURITY VALUATION:

Valuation Inputs ^(C)

	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Common Stocks	$	521,324,727	$	—	$	—	$	521,324,727
Other Investment Company		7,890,764		—		—		7,890,764
Repurchase Agreement		—		7,048,731		—		7,048,731
Total Investments	$	529,215,491	$	7,048,731	$	—	$	536,264,222

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	All or a portion of the security is on loan. The value of the security on loan is $7,734,442. The amount on loan indicated may not correspond with the security on loan identified because a security with pending sales are in the process of recall from the brokers.
(B)	Rates disclosed reflect the yields at July 31, 2019.
(C)	There were no transfers in or out of Level 3 during the period ended July 31, 2019. Please reference the Security Valuation section of the Notes to Schedules of Investments for more information regarding security valuation and pricing inputs.

PORTFOLIO ABBREVIATION:

ADR American Depositary Receipt

The notes are an integral part of this report. Transamerica Funds Page    2

Transamerica Dynamic Allocation

SCHEDULE OF INVESTMENTS

At July 31, 2019

(unaudited)

	Shares		Value
EXCHANGE-TRADED FUNDS - 99.0%
International Equity Fund - 14.7%
iShares MSCI EAFE ETF		35,550		$  2,291,198
International Fixed Income Fund - 10.9%
Vanguard Total International Bond ETF (A)		29,526		1,711,327
U.S. Equity Funds - 54.8%
iShares Russell 1000 Growth ETF		22,232		3,586,466
iShares Russell 1000 Value ETF (A)		26,640		3,421,642
iShares Russell 2000 ETF (A)		9,993		1,564,504
				8,572,612
U.S. Fixed Income Fund - 18.6%
iShares Core U.S. Aggregate Bond ETF		26,171		2,912,832
Total Exchange-Traded Funds (Cost $13,318,359)				15,487,969

	Shares		Value
OTHER INVESTMENT COMPANY - 22.8%
Securities Lending Collateral - 22.8%
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 2.32% (B)		3,561,659		$   3,561,659
Total Other Investment Company (Cost $3,561,659)				3,561,659
Total Investments Excluding Purchased Options (Cost $16,880,018)				19,049,628
Total Purchased Options - 0.7% (Cost $191,398)				109,420
Total Investments (Cost $17,071,416)				19,159,048
Net Other Assets (Liabilities) - (22.5)%				(3,521,613	)
Net Assets - 100.0%				$  15,637,435

EXCHANGE-TRADED OPTIONS PURCHASED:

Description	Exercise Price			Expiration Date		Notional Amount			Number of Contracts		Premiums Paid			Value
Put - S&P 500® Index		USD	2,150.00		06/19/2020		USD	298,038		1		$	7,763		$	2,200
Put - S&P 500® Index		USD	2,200.00		06/19/2020		USD	298,038		1			8,670			2,470
Put - S&P 500® Index		USD	2,250.00		06/19/2020		USD	298,038		1			6,357			2,830
Put - S&P 500® Index		USD	2,300.00		06/19/2020		USD	1,490,190		5			31,387			14,150
Put - S&P 500® Index		USD	2,350.00		06/19/2020		USD	1,192,152		4			27,652			13,600
Put - S&P 500® Index		USD	2,350.00		12/18/2020		USD	298,038		1			7,423			6,145
Put - S&P 500® Index		USD	2,400.00		06/19/2020		USD	1,490,190		5			36,315			19,900
Put - S&P 500® Index		USD	2,400.00		12/18/2020		USD	298,038		1			8,253			7,000
Put - S&P 500® Index		USD	2,475.00		06/19/2020		USD	894,114		3			27,369			15,150
Put - S&P 500® Index		USD	2,500.00		12/18/2020		USD	298,038		1			11,543			8,440
Put - S&P 500® Index		USD	2,550.00		06/19/2020		USD	298,038		1			8,133			6,140
Put - S&P 500® Index		USD	2,650.00		12/18/2020		USD	298,038		1			10,533			11,395
Total												$	191,398		$	109,420

The notes are an integral part of this report. Transamerica Funds Page  1

Transamerica Dynamic Allocation

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

SECURITY VALUATION:

Valuation Inputs ^(C)

	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Exchange-Traded Funds	$	15,487,969	$	—	$	—	$	15,487,969
Other Investment Company		3,561,659		—		—		3,561,659
Exchange-Traded Options Purchased		109,420		—		—		109,420
Total Investments	$	19,159,048	$	—	$	—	$	19,159,048

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	All or a portion of the securities are on loan. The total value of all securities on loan is $3,487,055. 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.
(B)	Rate disclosed reflects the yield at July 31, 2019.
(C)	There were no transfers in or out of Level 3 during the period ended July 31, 2019. Please reference the Security Valuation section of the Notes to Schedules of Investments for more information regarding security valuation and pricing inputs.

The notes are an integral part of this report. Transamerica Funds Page    2

Transamerica Dynamic Income

SCHEDULE OF INVESTMENTS

At July 31, 2019

(unaudited)

	Shares		Value
EXCHANGE-TRADED FUNDS - 99.5%
International Fixed Income Funds - 26.0%
iShares Emerging Markets High Yield Bond ETF (A)		429,725		$  20,588,125
VanEck Vectors J.P. Morgan EM Local Currency Bond ETF		838,687		29,018,570
				49,606,695
U.S. Equity Funds - 23.4%
Global SuperDividend U.S. ETF (A)		1,596,428		36,845,558
Invesco S&P 500 High Dividend Low Volatility ETF		182,658		7,664,330
				44,509,888
U.S. Fixed Income Funds - 42.7%
iShares 20+ Year Treasury Bond ETF (A)		62,997		8,371,671
iShares Core 10+ Year USD Bond ETF		34,793		2,306,428
iShares MBS ETF		55,494		5,978,368
SPDR Bloomberg Barclays Short Term High Yield Bond ETF		1,363,072		37,007,405
Vanguard Long-Term Bond ETF (A)		283,347		27,561,163
				81,225,035

	Shares		Value
EXCHANGE-TRADED FUNDS (continued)
U.S. Mixed Allocation Fund - 7.4%
Global X MLP ETF (A)		1,574,214		$   14,073,473
Total Exchange-Traded Funds (Cost $192,970,650)				189,415,091
OTHER INVESTMENT COMPANY - 13.5%
Securities Lending Collateral - 13.5%
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 2.32% (B)		25,797,657		25,797,657
Total Other Investment Company (Cost $25,797,657)				25,797,657
Total Investments (Cost $218,768,307)				215,212,748
Net Other Assets (Liabilities) - (13.0)%				(24,756,140	)
Net Assets - 100.0%				$  190,456,608

SECURITY VALUATION:

Valuation Inputs ^(C)

	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Exchange-Traded Funds	$	189,415,091	$	—	$	—	$	189,415,091
Other Investment Company		25,797,657		—		—		25,797,657
Total Investments	$	215,212,748	$	—	$	—	$	215,212,748

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	All or a portion of the securities are on loan. The total value of all securities on loan is $25,100,452. 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.
(B)	Rate disclosed reflects the yield at July 31, 2019.
(C)	There were no transfers in or out of Level 3 during the period ended July 31, 2019. Please reference the Security Valuation section of the Notes to Schedules of Investments for more information regarding security valuation and pricing inputs.

The notes are an integral part of this report. Transamerica Funds Page    1

Transamerica Emerging Markets Debt

SCHEDULE OF INVESTMENTS

At July 31, 2019

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES - 38.8%
Argentina - 0.9%
Genneia SA
8.75%, 01/20/2022 (A)		$  3,211,000		$  2,990,244
Pampa Energia SA
7.50%, 01/24/2027 (A)		2,920,000		2,692,240
				5,682,484
Austria - 1.9%
JBS Investments II GMBH
5.75%, 01/15/2028 (A)		2,515,000		2,554,988
Suzano Austria GmbH
5.00%, 01/15/2030 (A)		1,500,000		1,536,000
7.00%, 03/16/2047 (A)		7,648,000		8,860,208
				12,951,196
Bermuda - 1.2%
Cos.an, Ltd.
5.50%, 09/20/2029 (A)		4,000,000		4,025,000
Digicel Group One, Ltd.
8.25%, 12/30/2022 (A)		2,823,000		1,723,795
Digicel, Ltd.
6.75%, 03/01/2023 (A) (B)		4,670,000		2,235,809
				7,984,604
Brazil - 1.1%
OI SA
PIK Rate 10.00%, Cash Rate 9.00%, 07/27/2025 (C)		4,425,000		4,254,146
Samarco Mineracao SA
4.13%, 11/01/2022 (A) (D) (E)		2,575,000		1,960,219
Vale SA
5.63%, 09/11/2042		1,270,000		1,374,775
				7,589,140
Canada - 0.7%
First Quantum Minerals, Ltd.
6.88%, 03/01/2026 (A) (B)		5,230,000		4,942,350
Cayman Islands - 4.7%
Alibaba Group Holding, Ltd.
3.40%, 12/06/2027		3,410,000		3,476,944
Bioceanico Sovereign Certificate, Ltd.
Zero Coupon, 06/05/2034 (A)		2,820,000		1,924,650
Comunicaciones Celulares SA Via Comcel Trust
6.88%, 02/06/2024 (A)		3,400,000		3,519,000
Latam Finance, Ltd.
7.00%, 03/01/2026 (A)		2,900,000		3,070,375
Lima Metro Line 2 Finance, Ltd.
4.35%, 04/05/2036 (A) (F)		5,890,000		6,059,337
5.88%, 07/05/2034 (A)		2,990,000		3,236,705
Odebrecht Drilling Norbe VIII / IX, Ltd.
6.35%, 12/01/2021 (G)		2,835,364		2,814,127
Tencent Holdings, Ltd.
3.98%, 04/11/2029 (A)		3,760,000		3,963,927
Vale Overseas, Ltd.
6.88%, 11/10/2039		2,595,000		3,175,761
				31,240,826

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Chile - 1.5%
Celulosa Arauco y Constitucion SA
4.25%, 04/30/2029 (A)		$   2,670,000		$   2,788,548
Cencosud SA
4.38%, 07/17/2027 (A)		3,220,000		3,216,619
6.63%, 02/12/2045 (A)		1,055,000		1,166,018
Sociedad Quimica y Minera de SA
4.25%, 05/07/2029 (A)		2,650,000		2,792,438
				9,963,623
Ecuador - 0.6%
Petroamazonas EP
4.63%, 11/06/2020 (A)		3,980,000		3,932,240
India - 0.5%
Shriram Transport Finance Co., Ltd.
5.95%, 10/24/2022 (A)		3,350,000		3,430,537
Indonesia - 1.4%
Pelabuhan Indonesia II PT
5.38%, 05/05/2045 (A) (B)		2,570,000		2,759,537
Pertamina Persero PT
5.63%, 05/20/2043 (A)		3,600,000		4,039,087
Perusahaan Listrik Negara PT
4.88%, 07/17/2049 (A)		2,685,000		2,739,402
				9,538,026
Ireland - 0.5%
C&W Senior Financing DAC
6.88%, 09/15/2027 (A)		3,390,000		3,546,957
Israel - 0.7%
Israel Chemicals, Ltd.
6.38%, 05/31/2038 (G)		4,230,000		4,783,369
Kazakhstan - 0.4%
KazMunayGas National Co. JSC
6.38%, 10/24/2048 (A)		1,950,000		2,355,990
Luxembourg - 2.0%
Altice SA
7.63%, 02/15/2025 (A)		2,770,000		2,714,711
10.50%, 05/15/2027 (A)		2,550,000		2,699,812
Minerva SA
5.88%, 01/19/2028 (A)		1,555,000		1,520,168
Swiss Insured Brazil Power Finance Sarl
9.85%, 07/16/2032 (A)		BRL  22,711,000		6,650,214
				13,584,905
Mexico - 6.5%
Banco Mercantil del Norte SA
Fixed until 10/04/2026, 5.75% (H), 10/04/2031 (A)		$  5,675,000		5,561,557
BBVA Bancomer SA
Fixed until 01/18/2028, 5.13% (H), 01/18/2033 (A)		2,180,000		2,095,525
Docuformas SAPI de CV
10.25%, 07/24/2024 (A)		1,855,000		1,841,088
Grupo Bimbo SAB de CV
Fixed until 04/17/2023 (I), 5.95% (A) (H)		4,260,000		4,470,870
Grupo Televisa SAB
5.25%, 05/24/2049		1,525,000		1,589,362
Mexico City Airport Trust
5.50%, 07/31/2047 (A)		4,441,000		4,412,133

The notes are an integral part of this report. Transamerica Funds Page    1

Transamerica Emerging Markets Debt

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Mexico (continued)
Petroleos Mexicanos
5.35%, 02/12/2028		$   2,595,000		$   2,384,805
5.38%, 03/13/2022		3,550,000		3,615,675
3-Month LIBOR + 3.65%, 6.10% (H), 03/11/2022		1,480,000		1,494,800
6.38%, 01/23/2045		10,365,000		9,061,601
Trust F / 1401
6.39%, 01/15/2050 (A) (B)		3,970,000		4,064,287
Unifin Financiera SAB de CV
8.38%, 01/27/2028 (A)		2,415,000		2,393,820
				42,985,523
Mongolia - 0.5%
Mongolian Mortgage Corp. Hfc LLC
9.75%, 01/29/2022 (A)		3,200,000		3,248,523
Morocco - 0.8%
OCP SA
4.50%, 10/22/2025 (A)		2,400,000		2,493,000
6.88%, 04/25/2044 (A)		2,080,000		2,495,501
				4,988,501
Netherlands - 2.4%
Braskem Finance BV
4.50%, 01/10/2028 (A)		2,650,000		2,675,705
IHS Holdco BV
9.50%, 10/27/2021 (A)		3,950,000		4,083,510
Minejesa Capital BV
4.63%, 08/10/2030 (A)		2,200,000		2,246,388
Mong Duong Finance Holdings BV
5.13%, 05/07/2029 (A) (F)		2,600,000		2,624,327
Petrobras Global Finance BV
6.90%, 03/19/2049		3,660,000		4,107,252
				15,737,182
Nigeria - 0.5%
SEPLAT Petroleum Development Co. PLC
9.25%, 04/01/2023 (A)		3,295,000		3,509,175
Northern Mariana Islands - 0.5%
MTN Mauritius Investments, Ltd.
6.50%, 10/13/2026 (A)		2,830,000		3,086,522
Panama - 0.5%
Aeropuerto Internacional de Tocumen SA
6.00%, 11/18/2048 (A)		2,510,000		3,052,787
Peru - 0.3%
Alicorp SAA
6.88%, 04/17/2027 (A)		PEN  6,500,000		2,110,262
Republic of South Africa - 0.7%
Eskom Holdings SOC, Ltd.
7.85%, 04/02/2026, MTN		ZAR  72,000,000		4,612,513
Saudi Arabia - 0.8%
Saudi Arabian Oil Co.
2.88%, 04/16/2024 (A)		$  2,255,000		2,274,039
4.38%, 04/16/2049 (A)		3,100,000		3,221,678
				5,495,717

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Singapore - 1.2%
LLPL Capital Pte, Ltd.
6.88%, 02/04/2039 (A)		$   4,690,000		$   5,468,247
Medco Oak Tree Pte, Ltd.
7.38%, 05/14/2026 (A)		2,250,000		2,269,865
				7,738,112
Turkey - 1.8%
QNB Finansbank AS
4.88%, 05/19/2022 (A) (B)		2,715,000		2,660,483
6.88%, 09/07/2024 (A) (B)		4,050,000		4,175,582
Turkcell Iletisim Hizmetleri AS
5.80%, 04/11/2028 (A)		1,715,000		1,608,653
Turkiye Vakiflar Bankasi TAO
8.13%, 03/28/2024 (A)		3,420,000		3,370,068
				11,814,786
United Arab Emirates - 1.0%
Acwa Power Management And Investments One, Ltd.
5.95%, 12/15/2039 (A)		4,060,000		4,334,050
GEMS MENASA, Ltd.
7.13%, 07/31/2026 (A)		2,310,000		2,359,087
				6,693,137
United States - 2.9%
Braskem America Finance Co.
7.13%, 07/22/2041 (A)		2,770,000		3,285,913
Kosmos Energy, Ltd.
7.13%, 04/04/2026 (A)		1,925,000		1,942,556
NBM Holdings, Inc., Co.
6.63%, 08/06/2029 (A)		4,450,000		4,443,325
Resorts World Las Vegas LLC / RWLV Capital, Inc.
4.63%, 04/16/2029 (A)		4,000,000		4,185,874
Sasol Financing LLC
6.50%, 09/27/2028		4,530,000		5,099,377
				18,957,045
Venezuela - 0.3%
Petroleos de Venezuela SA
5.50%, 04/12/2037 (G) (J)		3,870,000		541,800
8.50%, 10/27/2020 (G) (J)		1,945,000		1,264,250
				1,806,050
Total Corporate Debt Securities (Cost $246,976,381)				257,362,082
FOREIGN GOVERNMENT OBLIGATIONS - 56.7%
Argentina - 5.1%
Argentina Bonar Bonds
8.75%, 05/07/2024		486,700		361,380
Argentina Republic Government International Bond
6.88%, 04/22/2021 - 01/26/2027		20,525,000		17,592,037
7.13%, 07/06/2036		7,575,000		5,950,163
Argentina Republic Government International Bond, Interest Only STRIPS 5.00% Argentina GDP growth over base of 3.00%, 0.00% (H), 12/15/2035		19,120,000		745,871

The notes are an integral part of this report. Transamerica Funds Page    2

Transamerica Emerging Markets Debt

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
FOREIGN GOVERNMENT OBLIGATIONS (continued)
Argentina (continued)
Argentina Treasury Bond
2.25%, 04/28/2020		ARS  83,030,000		$   3,590,640
Provincia de Buenos Aires
6.50%, 02/15/2023 (A)		$  6,785,000		5,573,945
				33,814,036
Brazil - 3.3%
Brazil Notas do Tesouro Nacional
Series F,
10.00%, 01/01/2023 - 01/01/2029		BRL  73,389,000		21,891,623
Chile - 1.1%
Bonos de la Tesoreria de la Republica en pesos
4.50%, 03/01/2021 - 03/01/2026		CLP  4,825,000,000		7,326,535
Colombia - 1.8%
Colombia TES
Series B,
6.25%, 11/26/2025		COP  9,430,500,000		2,988,895
7.00%, 05/04/2022		16,124,100,000		5,190,496
7.50%, 08/26/2026		10,700,000,000		3,621,892
				11,801,283
Cote d’Ivoire - 1.2%
Ivory Coast Government International Bond
6.13%, 06/15/2033 (A)		$  8,430,000		7,945,275
Croatia - 0.5%
Croatia Government International Bond
6.00%, 01/26/2024 (A)		3,000,000		3,423,444
Ecuador - 1.7%
Ecuador Government International Bond
8.88%, 10/23/2027 (A)		2,245,000		2,315,156
8.88%, 10/23/2027 (G)		1,345,000		1,387,031
10.75%, 01/31/2029 (A)		6,510,000		7,291,200
				10,993,387
Egypt - 1.5%
Egypt Government International Bond
6.20%, 03/01/2024 (A)		4,865,000		5,162,933
7.50%, 01/31/2027 (A)		2,005,000		2,185,338
8.70%, 03/01/2049 (A)		2,275,000		2,485,437
				9,833,708
El Salvador - 0.6%
Republic of El Salvador 7.12%, 01/20/2050 (A)		3,810,000		3,867,150
Gabon - 0.7%
Gabon Government International Bond
6.38%, 12/12/2024 (A)		4,665,000		4,630,013
Ghana - 1.4%
Ghana Government International Bond
7.88%, 03/26/2027 (A)		3,665,000		3,867,030
8.95%, 03/26/2051 (A)		5,065,000		5,228,194
				9,095,224
Hungary - 0.7%
Hungary Government Bond
2.50%, 10/24/2024		HUF  1,253,510,000		4,519,773

	Principal		Value
FOREIGN GOVERNMENT OBLIGATIONS (continued)
Indonesia - 6.0%
Indonesia Government International Bond
3.38%, 04/15/2023 (A)		$  3,740,000		$   3,825,908
3.75%, 04/25/2022 (A)		4,750,000		4,884,140
4.35%, 01/08/2027 (A)		6,100,000		6,588,228
4.75%, 01/08/2026 (A)		2,000,000		2,196,347
Indonesia Treasury Bond
7.50%, 08/15/2032		IDR  91,856,000,000		6,455,215
8.25%, 05/15/2036		25,935,000,000		1,938,973
8.38%, 03/15/2034		69,274,000,000		5,250,185
8.75%, 05/15/2031		25,000,000,000		1,951,327
Perusahaan Penerbit SBSN Indonesia III
4.40%, 03/01/2028 (A) (B)		$  6,300,000		6,785,100
				39,875,423
Kenya - 0.9%
Kenya Government International Bond
7.00%, 05/22/2027 (A)		3,110,000		3,252,382
8.00%, 05/22/2032 (A)		2,775,000		2,943,071
				6,195,453
Malaysia - 1.4%
Malaysia Government Bond
4.89%, 06/08/2038		MYR  24,054,000		6,517,576
Malaysia Sovereign Sukuk Bhd.
3.04%, 04/22/2025 (A)		$  3,000,000		3,074,550
				9,592,126
Mexico - 5.5%
Mexico Bonos
6.50%, 06/09/2022		MXN  16,240,000		829,985
8.50%, 05/31/2029		67,258,200		3,747,086
Series M,
6.50%, 06/09/2022		50,260,000		2,568,659
7.25%, 12/09/2021		97,110,000		5,054,306
8.00%, 11/07/2047		225,302,700		11,852,412
10.00%, 11/20/2036		49,765,300		3,134,756
Mexico Government International Bond
3.60%, 01/30/2025		$  4,110,000		4,198,365
4.00%, 10/02/2023		4,675,000		4,892,388
				36,277,957
Nigeria - 0.7%
Nigeria Government International Bond
6.50%, 11/28/2027 (A)		4,595,000		4,700,409
Oman - 1.0%
Oman Government International Bond
6.00%, 08/01/2029 (A) (F)		6,500,000		6,483,750
Peru - 2.6%
Peru Government International Bond
6.90%, 08/12/2037 (A)		PEN  15,997,000		5,899,060
8.20%, 08/12/2026 (A)		30,741,000		11,679,440
				17,578,500
Poland - 2.1%
Republic of Poland Government Bond
2.50%, 07/25/2026		PLN  21,450,000		5,696,941
3.25%, 07/25/2025		22,058,000		6,097,022
4.00%, 10/25/2023		8,203,000		2,303,261
				14,097,224

The notes are an integral part of this report. Transamerica Funds Page    3

Transamerica Emerging Markets Debt

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
FOREIGN GOVERNMENT OBLIGATIONS (continued)
Qatar - 1.7%
Qatar Government International Bond
2.38%, 06/02/2021 (A)		$  2,000,000		$   1,998,100
4.00%, 03/14/2029 (A)		4,550,000		4,956,506
4.82%, 03/14/2049 (A)		3,460,000		4,004,950
				10,959,556
Republic of Korea - 1.1%
Export-Import Bank of Korea
6.90%, 01/08/2021 (A)		IDR  30,000,000,000		2,087,815
8.00%, 05/15/2024 (A)		35,800,000,000		2,517,522
8.40%, 11/30/2021 (A)		38,700,000,000		2,788,449
				7,393,786
Republic of South Africa - 0.8%
Republic of South Africa Government Bond
8.00%, 01/31/2030		ZAR  80,136,100		5,215,353
Romania - 1.3%
Romania Government Bond 5.00%, 02/12/2029		RON  13,375,000		3,274,697
Romania Government International Bond
5.13%, 06/15/2048 (A)		$  4,535,000		5,033,850
				8,308,547
Russian Federation - 0.9%
Russian Foreign Bond - Eurobond 5.10%, 03/28/2035 (G)		5,800,000		6,300,981
Saudi Arabia - 0.8%
Saudi Arabia Government International Bond
4.50%, 10/26/2046 (A)		5,225,000		5,525,437
Sri Lanka - 0.8%
Sri Lanka Government International Bond
6.25%, 07/27/2021 (A)		2,305,000		2,345,252
7.55%, 03/28/2030 (A)		3,180,000		3,235,476
				5,580,728
Supranational - 1.3%
Africa Finance Corp.
3.88%, 04/13/2024 (A)		1,415,000		1,444,109
Asian Development Bank
6.45%, 08/08/2021, MTN		INR  82,890,000		1,202,047
Banque Ouest Africaine de Developpement
5.00%, 07/27/2027 (A)		$  2,500,000		2,623,800
Eastern & Southern African Trade & Development Bank
5.38%, 03/14/2022, MTN (G)		3,425,000		3,552,615
				8,822,571

	Principal		Value
FOREIGN GOVERNMENT OBLIGATIONS (continued)
Tunisia - 0.2%
Banque Centrale de Tunisie International Bond
6.75%, 10/31/2023 (G)		EUR  1,000,000		$   1,140,321
Turkey - 1.7%
Export Credit Bank of Turkey
6.13%, 05/03/2024 (A)		$  2,550,000		2,470,363
Turkey Government International Bond
6.35%, 08/10/2024		8,520,000		8,587,990
				11,058,353
Ukraine - 4.4%
Ukraine Government International Bond
Zero Coupon (H), 05/31/2040 (G)		13,710,000		11,653,500
7.75%, 09/01/2020 - 09/01/2025 (G)		7,985,000		8,386,172
7.75%, 09/01/2021 - 09/01/2022 (A)		8,760,000		9,215,369
				29,255,041
United Kingdom - 0.7%
Ukreximbank Via Biz Finance PLC
9.75%, 01/22/2025 (G)		4,400,000		4,671,700
Venezuela - 0.6%
Venezuela Government International Bond
9.00%, 05/07/2023 (G) (J)		9,260,000		1,412,150
9.25%, 09/15/2027 (J)		12,230,000		1,865,075
11.95%, 08/05/2031 (G) (J)		5,565,000		848,663
				4,125,888
Zambia - 0.6%
Zambia Government International Bond
5.38%, 09/20/2022 (A)		3,325,000		2,332,488
8.50%, 04/14/2024 (A)		2,380,000		1,707,412
				4,039,900
Total Foreign Government Obligations (Cost $373,283,278)				376,340,455
	Shares		Value
COMMON STOCK - 0.1%
Colombia - 0.1%
Frontera Energy Corp.		93,356		955,312
Total Common Stock (Cost $5,390,007)				955,312
	Principal		Value
SHORT-TERM FOREIGN GOVERNMENT OBLIGATIONS - 0.7%
Argentina - 0.7%
Argentina Treasury Bill
0.00% (K) (L), 10/31/2019 - 07/31/2020		ARS  122,781,300		3,343,270
0.32% (K), 07/31/2020		71,466,000		1,598,281
Total Short-Term Foreign Government Obligations (Cost $6,276,629)				4,941,551

The notes are an integral part of this report. Transamerica Funds Page    4

Transamerica Emerging Markets Debt

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Shares		Value
OTHER INVESTMENT COMPANY - 2.6%
Securities Lending Collateral - 2.6%
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 2.32% (K)		17,028,635		$   17,028,635
Total Other Investment Company (Cost $17,028,635)				17,028,635
	Principal		Value
REPURCHASE AGREEMENT - 3.7%
Fixed Income Clearing Corp., 1.45% (K), dated 07/31/2019, to be repurchased at $24,819,990 on 08/01/2019. Collateralized by a U.S. Government Obligation, 2.50%, due 02/28/2021, and with a value of $25,315,433.		$  24,818,991		24,818,991
Total Repurchase Agreement (Cost $24,818,991)				24,818,991
Total Investments (Cost $673,773,921)				681,447,026
Net Other Assets (Liabilities) - (2.6)%				(17,592,036	)
Net Assets - 100.0%				$  663,854,990

FORWARD FOREIGN CURRENCY CONTRACTS:

Counterparty	Settlement Date		Currency Purchased		Currency Sold		Unrealized Appreciation		Unrealized Depreciation
BCLY		08/30/2019	USD	333,817	HUF	97,540,925	$	2,118	$	—
BCLY		08/30/2019	PLN	44,437,561	USD	11,554,249		—		(80,362	)
BCLY		08/30/2019	HUF	2,631,428,692	USD	8,959,306		—		(10,834	)
JPM		08/30/2019	USD	7,082,902	MXN	136,105,038		18,400		—
JPM		08/30/2019	ARS	116,473,890	USD	2,576,286		—		(37,069	)
JPM		08/30/2019	USD	10,477,584	ZAR	149,525,608		92,931		—
SCB		08/02/2019	USD	28,760,971	BRL	108,588,341		311,564		—
SCB		08/02/2019	BRL	108,588,341	USD	28,483,879		99,322		(133,793	)
SCB		09/04/2019	BRL	38,884,255	USD	10,300,465		—		(136,640	)
Total							$	524,335	$	(398,698	)

INVESTMENTS BY INDUSTRY:

Industry	Percentage of Total Investments			Value
Foreign Government Obligations		55.2	%		$    376,340,455
Oil, Gas & Consumable Fuels		6.9			46,970,125
Chemicals		3.5			23,625,303
Electric Utilities		3.4			23,373,361
Food Products		2.8			19,124,613
Banks		2.6			17,863,215
Diversified Financial Services		2.6			17,564,182
Wireless Telecommunication Services		2.0			13,484,927
Paper & Forest Products		1.9			13,184,756
Metals & Mining		1.7			11,453,105
Road & Rail		1.4			9,296,042
Transportation Infrastructure		1.1			7,464,920
Media		1.0			7,003,885

The notes are an integral part of this report. Transamerica Funds Page    5

Transamerica Emerging Markets Debt

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

INVESTMENTS BY INDUSTRY (continued):

Industry	Percentage of Total Investments			Value
Diversified Telecommunication Services		1.0	%		$     6,489,955
Food & Staples Retailing		0.6			4,382,637
Professional Services		0.6			4,334,050
Hotels, Restaurants & Leisure		0.6			4,185,874
Communications Equipment		0.6			4,083,510
Equity Real Estate Investment Trusts		0.6			4,064,287
Interactive Media & Services		0.6			3,963,927
Internet & Direct Marketing Retail		0.5			3,476,944
Airlines		0.5			3,070,375
Energy Equipment & Services		0.4			2,814,127
Marine		0.4			2,759,537
Diversified Consumer Services		0.3			2,359,087
Construction & Engineering		0.3			1,924,650
Investments		93.1			634,657,849
Short-Term Investments		6.9			46,789,177
Total Investments		100.0	%		$    681,447,026

The notes are an integral part of this report. Transamerica Funds Page    6

Transamerica Emerging Markets Debt

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

SECURITY VALUATION:

Valuation Inputs ^(M)

	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs			Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Corporate Debt Securities	$	—	$	257,362,082		$	—	$	257,362,082
Foreign Government Obligations		—		376,340,455			—		376,340,455
Common Stock		955,312		—			—		955,312
Short-Term Foreign Government Obligations		—		4,941,551			—		4,941,551
Other Investment Company		17,028,635		—			—		17,028,635
Repurchase Agreement		—		24,818,991			—		24,818,991
Total Investments	$	17,983,947	$	663,463,079		$	—	$	681,447,026
Other Financial Instruments
Forward Foreign Currency Contracts (N)	$	—	$	524,335		$	—	$	524,335
Total Other Financial Instruments	$	—	$	524,335		$	—	$	524,335
LIABILITIES
Other Financial Instruments
Forward Foreign Currency Contracts (N)	$	—	$	(398,698	)	$	—	$	(398,698	)
Total Other Financial Instruments	$	—	$	(398,698	)	$	—	$	(398,698	)

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	Securities are registered pursuant to Rule 144A of the Securities Act of 1933. Unless otherwise indicated, the securities are deemed to be liquid for purposes of compliance limitations on holdings of illiquid securities and may be resold as transactions exempt from registration, normally to qualified institutional buyers. At July 31, 2019, the total value of 144A securities is $374,285,923, representing 56.4% of the Fund’s net assets.
(B)	All or a portion of the securities are on loan. The total value of all securities on loan is $16,686,634. 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.
(C)	Payment in-kind. Security pays interest or dividends in the form of additional bonds or preferred stock. If the security makes a cash payment in addition to in-kind, the cash rate is disclosed separately.
(D)	Security in default; no interest payments received and/or dividends declared during the last 12 months. At July 31, 2019, the value of this security is $1,960,219, representing 0.3% of the Fund net assets.
(E)	Non-income producing security.
(F)	When-issued, delayed-delivery and/or forward commitment (including TBAs) securities. Securities to be settled and delivered after July 31, 2019. Securities may display a coupon rate of 0.00%, as the rate is to be determined at time of settlement.
(G)	Securities are exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside the United States. Securities may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933. At July 31, 2019, the total value of Regulation S securities is $48,756,679, representing 7.3% of the Fund’s net assets.
(H)	Floating or variable rate securities. The rates disclosed are as of July 31, 2019. 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.
(I)	Perpetual maturity. The date displayed is the next call date.
(J)	Securities in default; partial receipt of interest payments and/or dividends declared at last payment date. At July 31, 2019, the total value of such securities is $5,931,938, representing 0.9% of the Fund’s net assets.
(K)	Rates disclosed reflect the yields at July 31, 2019.
(L)	Percentage rounds to less than 0.01% or (0.01)%.
(M)	There were no transfers in or out of Level 3 during the period ended July 31, 2019. Please reference the Security Valuation section of the Notes to Schedules of Investments for more information regarding security valuation and pricing inputs.
(N)	Futures contracts and/or forward foreign currency contracts are valued at unrealized appreciation (depreciation).

The notes are an integral part of this report. Transamerica Funds Page    7

Transamerica Emerging Markets Debt

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

CURRENCY ABBREVIATIONS:

ARS	Argentine Peso
BRL	Brazilian Real
CLP	Chilean Peso
COP	Columbian Peso
EUR	Euro
HUF	Hungarian Forint
IDR	Indonesian Rupiah
INR	Indian Rupee
MXN	Mexican Peso
MYR	Malaysian Ringgit
PEN	Peruvian Sol
PLN	Polish Zloty
RON	New Romanian Leu
USD	United States Dollar
ZAR	South African Rand

COUNTERPARTY ABBREVIATIONS:

BCLY	Barclays Bank PLC
JPM	JPMorgan Chase Bank, N.A.
SCB	Standard Chartered Bank

PORTFOLIO ABBREVIATIONS:

GDP	Gross Domestic Product
LIBOR	London Interbank Offered Rate
MTN	Medium Term Note
STRIPS	Separate Trading of Registered Interest and Principal of Securities

The notes are an integral part of this report. Transamerica Funds Page    8

Transamerica Emerging Markets Equity

SCHEDULE OF INVESTMENTS

At July 31, 2019

(unaudited)

	Shares		Value
COMMON STOCKS - 97.6%
Brazil - 8.1%
Ambev SA		990,600		$  5,225,092
Banco Bradesco SA, ADR		411,600		3,720,864
Banco do Brasil SA		537,000		6,925,764
Banco Santander Brasil SA		773,685		8,686,940
Cia Siderurgica Nacional SA		969,800		4,200,557
Equatorial Energia SA		185,200		4,585,900
IRB Brasil Resseguros S/A		272,000		6,770,867
JBS SA		1,658,300		10,819,676
MRV Engenharia e Participacoes SA		623,800		3,314,859
Petroleo Brasileiro SA, ADR		281,200		3,858,064
Vale SA, ADR		659,600		8,568,204
				66,676,787
China - 31.5%
Agricultural Bank of China, Ltd., H Shares		11,179,000		4,524,983
Air China, Ltd., H Shares		6,784,000		6,588,156
Alibaba Group Holding, Ltd., ADR (A)		163,200		28,251,552
Anhui Conch Cement Co., Ltd., H Shares		1,425,500		8,231,175
ANTA Sports Products, Ltd.		2,221,000		16,579,616
Bank of China, Ltd., H Shares		26,637,000		10,816,957
China Communications Construction Co., Ltd., H Shares		11,073,000		9,332,898
China Communications Services Corp., Ltd., H Shares		3,056,000		2,127,616
China Conch Venture Holdings, Ltd.		2,534,500		8,721,397
China Construction Bank Corp., H Shares		17,312,000		13,290,945
China National Building Material Co., Ltd., H Shares		6,088,000		5,337,498
China Railway Group, Ltd., H Shares		14,374,000		10,064,139
China Shenhua Energy Co., Ltd., H Shares		3,393,000		6,703,056
Country Garden Holdings Co., Ltd.		1,909,000		2,572,005
CRRC Corp., Ltd., H Shares		2,503,000		1,970,240
CSPC Pharmaceutical Group, Ltd.		1,782,000		3,092,439
Ctrip.com International, Ltd., ADR (A)		138,900		5,414,322
Future Land Development Holdings, Ltd.		2,104,000		1,767,660
Guangzhou R&F Properties Co., Ltd., H Shares		1,367,600		2,474,387
Industrial & Commercial Bank of China, Ltd., H Shares		9,096,000		6,108,384
JD.com, Inc., ADR (A)		267,300		7,994,943
KWG Group Holdings, Ltd. (A)		2,928,000		2,722,313
Lenovo Group, Ltd.		7,354,000		5,917,423
Momo, Inc., ADR		137,700		4,677,669
NetEase, Inc., ADR		34,900		8,055,618
New Oriental Education & Technology Group, Inc., ADR (A)		55,000		5,737,050
PetroChina Co., Ltd., H Shares		18,426,000		9,773,217
PICC Property & Casualty Co., Ltd., H Shares		6,198,000		7,359,288
Shandong Weigao Group Medical Polymer Co., Ltd., H Shares		3,564,000		3,397,781
Sinopharm Group Co., Ltd., H Shares		740,800		2,738,437
Sunac China Holdings, Ltd.		856,000		3,861,136
Tencent Holdings, Ltd.		784,600		36,556,840
Yum China Holdings, Inc.		158,700		7,220,850
				259,981,990
Colombia - 0.5%
Ecopetrol SA, ADR		245,600		4,403,608

	Shares		Value
COMMON STOCKS (continued)
Hong Kong - 3.6%
China Mobile, Ltd.		1,371,500		$   11,663,749
China Overseas Land & Investment, Ltd.		2,374,000		8,093,099
CITIC, Ltd.		2,300,000		3,045,357
Geely Automobile Holdings, Ltd.		1,857,000		2,832,164
Mengniu Dairy Co., Ltd. (A)		972,000		3,922,060
				29,556,429
Hungary - 1.3%
MOL Hungarian Oil & Gas PLC		379,289		3,849,286
OTP Bank Nyrt		159,504		6,642,696
				10,491,982
India - 6.1%
Axis Bank, Ltd.		763,885		7,462,855
Divi’s Laboratories, Ltd.		147,734		3,497,599
Dr. Reddy’s Laboratories, Ltd.		117,632		4,367,680
HDFC Bank, Ltd., ADR		97,161		11,171,572
ICICI Bank, Ltd., ADR		419,020		5,116,234
State Bank of India (A)		1,480,504		7,121,616
Tata Consultancy Services, Ltd.		258,634		8,260,725
Tata Steel, Ltd.		552,509		3,459,348
				50,457,629
Indonesia - 0.8%
Adaro Energy Tbk PT		21,751,500		1,956,078
Bank Negara Indonesia Persero Tbk PT		7,275,600		4,361,674
				6,317,752
Malaysia - 0.4%
Tenaga Nasional Bhd.		1,002,200		3,345,568
Mexico - 3.0%
America Movil SAB de CV, Class L, ADR		848,300		11,867,717
Fomento Economico Mexicano SAB de CV, ADR		55,500		5,033,850
Grupo Financiero Banorte SAB de CV, Class O		878,400		4,394,349
Grupo Mexico SAB de CV, Series B		1,360,900		3,337,672
				24,633,588
Peru - 0.5%
Credicorp, Ltd.		18,505		4,033,905
Poland - 1.9%
KGHM Polska Miedz SA (A)		70,893		1,714,048
Polski Koncern Naftowy Orlen SA		105,449		2,642,173
Powszechna Kasa Oszczednosci Bank Polski SA		748,810		7,885,366
Powszechny Zaklad Ubezpieczen SA		297,378		3,198,164
				15,439,751
Republic of Korea - 12.2%
CJ CheilJedang Corp.		7,171		1,722,873
Fila Korea, Ltd.		172,268		9,747,801
GS Engineering & Construction Corp.		91,376		2,602,520
Hana Financial Group, Inc.		242,037		7,084,447
Hyundai Mobis Co., Ltd.		22,740		4,601,480
Hyundai Motor Co.		59,247		6,302,548
Industrial Bank of Korea		277,983		3,079,094
KB Financial Group, Inc.		266,946		9,754,688
Kia Motors Corp.		89,918		3,312,124
Korean Air Lines Co., Ltd.		66,254		1,422,835
NCSoft Corp.		12,980		5,282,622

The notes are an integral part of this report. Transamerica Funds Page    1

Transamerica Emerging Markets Equity

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Republic of Korea (continued)
Samsung Electronics Co., Ltd.		716,442		$   27,135,030
Shinhan Financial Group Co., Ltd.		147,040		5,385,871
SK Hynix, Inc.		61,242		3,920,353
SK Telecom Co., Ltd.		46,325		9,697,271
				101,051,557
Republic of South Africa - 6.5%
Absa Group, Ltd.		521,464		5,778,133
AngloGold Ashanti, Ltd., ADR		513,800		8,765,428
Exxaro Resources, Ltd.		188,367		2,184,282
MTN Group, Ltd. (B)		397,006		3,109,068
Naspers, Ltd., N Shares		86,134		20,996,034
Old Mutual, Ltd.		2,050,000		2,743,683
Sanlam, Ltd.		621,038		3,214,343
Standard Bank Group, Ltd. (B)		565,580		7,032,474
				53,823,445
Russian Federation - 3.8%
Gazprom PJSC, ADR		2,092,504		15,294,953
Lukoil PJSC, ADR		105,865		8,688,131
MMC Norilsk Nickel PJSC, ADR		216,290		4,933,575
X5 Retail Group NV, GDR (C)		73,578		2,460,448
				31,377,107
Taiwan - 14.7%
Accton Technology Corp.		979,000		4,167,475
Asia Cement Corp.		3,645,000		4,875,150
Chipbond Technology Corp.		1,250,000		2,506,150
CTBC Financial Holding Co., Ltd.		9,461,000		6,149,886
Delta Electronics, Inc.		2,128,000		10,272,159
Elite Material Co., Ltd.		1,099,000		4,181,672
Far Eastern New Century Corp.		2,257,000		2,135,312
Hon Hai Precision Industry Co., Ltd.		5,161,000		12,937,441
MediaTek, Inc.		552,000		5,521,228
Novatek Microelectronics Corp.		1,944,000		10,266,389
Radiant Opto-Electronics Corp.		1,134,000		4,456,377
Realtek Semiconductor Corp.		1,261,000		8,374,708
Taiwan Cement Corp.		3,500,800		5,006,875
Taiwan Semiconductor Manufacturing Co., Ltd., ADR		651,500		27,773,445
Uni-President Enterprises Corp.		1,609,000		4,164,842
Yuanta Financial Holding Co., Ltd.		8,309,000		4,655,261
Zhen Ding Technology Holding, Ltd.		961,000		3,496,054
				120,940,424
Thailand - 1.7%
Advanced Info Service PCL		502,200		3,465,024
CP ALL PCL		2,532,100		7,030,862
PTT Exploration & Production PCL		770,700		3,347,755
				13,843,641
Turkey - 1.0%
BIM Birlesik Magazalar AS		328,124		2,755,042
Tekfen Holding AS		602,823		2,545,662
Turk Hava Yollari AO (A)		1,296,316		2,890,007
				8,190,711
Total Common Stocks (Cost $798,439,773)				804,565,874

	Shares		Value
PREFERRED STOCK - 0.3%
Brazil - 0.3%
Telefonica Brasil SA, 10.16% (D)		195,600		$   2,680,540
Total Preferred Stock (Cost $2,548,372)				2,680,540
EXCHANGE-TRADED FUND - 0.4%
United States - 0.4%
iShares MSCI Emerging Markets ETF		82,400		3,441,848
Total Exchange-Traded Fund (Cost $3,469,035)				3,441,848
OTHER INVESTMENT COMPANY - 0.5%
Securities Lending Collateral - 0.5%
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 2.32% (D)		3,734,449		3,734,449
Total Other Investment Company (Cost $3,734,449)				3,734,449
	Principal		Value
REPURCHASE AGREEMENT - 1.1%
Fixed Income Clearing Corp., 1.45% (D), dated 07/31/2019, to be repurchased at $9,015,390 on 08/01/2019. Collateralized by a U.S. Government Obligation, 2.50%, due 02/28/2021, and with a value of $9,199,589.		$  9,015,026		9,015,026
Total Repurchase Agreement (Cost $9,015,026)				9,015,026
Total Investments (Cost $817,206,655)				823,437,737
Net Other Assets (Liabilities) - 0.1%				567,276
Net Assets - 100.0%				$  824,005,013

The notes are an integral part of this report. Transamerica Funds Page    2

Transamerica Emerging Markets Equity

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

INVESTMENTS BY INDUSTRY:

Industry	Percentage of Total Investments			Value
Banks		19.0	%		$  156,529,697
Semiconductors & Semiconductor Equipment		7.6			62,818,650
Oil, Gas & Consumable Fuels		7.6			62,700,603
Internet & Direct Marketing Retail		7.6			62,656,851
Interactive Media & Services		5.0			41,234,509
Wireless Telecommunication Services		4.8			39,802,829
Metals & Mining		4.3			34,978,832
Technology Hardware, Storage & Peripherals		4.0			33,052,453
Electronic Equipment, Instruments & Components		3.8			30,887,326
Construction & Engineering		3.2			26,672,835
Textiles, Apparel & Luxury Goods		3.2			26,327,417
Construction Materials		2.9			23,450,698
Insurance		2.8			23,286,345
Real Estate Management & Development		2.6			21,490,600
Food Products		2.5			20,629,451
Entertainment		1.6			13,338,240
Automobiles		1.5			12,446,836
Food & Staples Retailing		1.5			12,246,352
Airlines		1.3			10,900,998
Machinery		1.3			10,691,637
Beverages		1.3			10,258,942
IT Services		1.0			8,260,725
Electric Utilities		1.0			7,931,468
Pharmaceuticals		0.9			7,460,119
Hotels, Restaurants & Leisure		0.9			7,220,850
Diversified Consumer Services		0.7			5,737,050
Industrial Conglomerates		0.6			5,180,669
Capital Markets		0.6			4,655,261
Auto Components		0.6			4,601,480
Communications Equipment		0.5			4,167,475
Life Sciences Tools & Services		0.4			3,497,599
International Equity Funds		0.4			3,441,848
Health Care Equipment & Supplies		0.4			3,397,781
Household Durables		0.4			3,314,859
Health Care Providers & Services		0.3			2,738,437
Diversified Telecommunication Services		0.3			2,680,540
Investments		98.4			810,688,262
Short-Term Investments		1.6			12,749,475
Total Investments		100.0	%		$    823,437,737

The notes are an integral part of this report. Transamerica Funds Page    3

Transamerica Emerging Markets Equity

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

SECURITY VALUATION:

Valuation Inputs ^(E)

	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Common Stocks	$	248,843,230	$	555,722,644	$	—	$	804,565,874
Preferred Stock		2,680,540		—		—		2,680,540
Exchange-Traded Fund		3,441,848		—		—		3,441,848
Other Investment Company		3,734,449		—		—		3,734,449
Repurchase Agreement		—		9,015,026		—		9,015,026
Total Investments	$	258,700,067	$	564,737,670	$	—	$	823,437,737

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	Non-income producing securities.
(B)	All or a portion of the securities are on loan. The total value of all securities on loan is $3,541,330. 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.
(C)	Security exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside the United States. Security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933. At July 31, 2019, the value of the Regulation S security is $2,460,448, representing 0.3% of the Fund’s net assets.
(D)	Rates disclosed reflect the yields at July 31, 2019.
(E)	There were no transfers in or out of Level 3 during the period ended July 31, 2019. Please reference the Security Valuation section of the Notes to Schedules of Investments for more information regarding security valuation and pricing inputs.

PORTFOLIO ABBREVIATIONS:

ADR	American Depositary Receipt
GDR	Global Depositary Receipt

The notes are an integral part of this report. Transamerica Funds Page    4

Transamerica Event Driven

SCHEDULE OF INVESTMENTS

At July 31, 2019

(unaudited)

	Shares		Value
COMMON STOCKS - 7.2%
Communications Equipment - 2.5%
Ciena Corp. (A)		25,000		$  1,130,500
Cisco Systems, Inc.		10,000		554,000
CommScope Holding Co., Inc. (A)		15,000		214,200
InterDigital, Inc.		10,000		644,300
				2,543,000
Diversified Telecommunication Services - 0.2%
Intelsat SA (A) (B)		10,000		226,400
Entertainment - 0.8%
Sciplay Corp., Class A (A)		10,000		104,300
Ubisoft Entertainment SA (A)		6,450		530,542
Viacom, Inc., Class A (B)		4,281		149,664
				784,506
Food & Staples Retailing - 0.5%
Kroger Co.		25,000		529,000
Health Care Technology - 0.5%
Teladoc Health, Inc. (A) (B)		8,000		545,920
Hotels, Restaurants & Leisure - 1.2%
Caesars Entertainment Corp. (A)		32,767		387,961
MGM Resorts International		13,000		390,260
Norwegian Cruise Line Holdings, Ltd. (A)		10,000		494,400
				1,272,621
Insurance - 0.4%
Fidelity National Financial, Inc.		10,000		428,800
Media - 0.8%
CBS Corp., Class B		5,019		258,529
Discovery, Inc., Class A (A) (B)		8,500		257,635
Gray Television, Inc. (A)		20,000		355,000
				871,164
Software - 0.1%
Nutanix, Inc., Class A (A)		5,000		113,500
Specialty Retail - 0.2%
Fnac Darty SA (A)		1,462		102,690
MarineMax, Inc. (A)		6,835		105,532
				208,222
Total Common Stocks (Cost $7,275,482)				7,523,133
CONVERTIBLE PREFERRED STOCKS - 6.1%
Chemicals - 1.1%
International Flavors & Fragrances, Inc.,
6.00%		21,343		1,147,613
Health Care Technology - 1.7%
Change Healthcare, Inc.,
6.00%		33,000		1,782,330
Multi-Utilities - 3.3%
CenterPoint Energy, Inc.,
Series B, 7.00%		16,960		866,826
Dominion Energy, Inc.,
Series A, 7.25%		25,000		2,512,250
				3,379,076
Total Convertible Preferred Stocks (Cost $6,065,150)				6,309,019

	Principal		Value
CONVERTIBLE BONDS - 66.2%
Banks - 3.3%
BofA Finance LLC
0.25%, 05/01/2023, MTN (C)		$  2,528,000		$   2,605,991
Cembra Money Bank AG
Zero Coupon, 07/09/2026 (D)		CHF  800,000		820,914
				3,426,905
Biotechnology - 2.8%
BioMarin Pharmaceutical, Inc.
0.60%, 08/01/2024 (B)		$  1,700,000		1,728,276
Exact Sciences Corp.
0.38%, 03/15/2027		500,000		615,654
Repligen Corp.
0.38%, 07/15/2024		550,000		591,126
				2,935,056
Capital Markets - 2.8%
Poseidon Finance 1, Ltd.
Zero Coupon, 02/01/2025 (D)		2,000,000		1,968,718
SBI Holdings, Inc.
Zero Coupon, 09/13/2023 (D)		JPY  100,000,000		984,144
				2,952,862
Chemicals - 1.9%
Toray Industries, Inc.
Zero Coupon, 08/31/2021 (D)		200,000,000		2,012,762
Commercial Services & Supplies - 0.7%
Siem Industries, Inc.
2.25%, 06/02/2021 (D)		EUR  500,000		677,786
Communications Equipment - 4.9%
InterDigital, Inc.
2.00%, 06/01/2024 (E)		$  2,000,000		2,038,600
Lumentum Holdings, Inc.
0.25%, 03/15/2024		2,595,000		3,107,306
				5,145,906
Construction & Engineering - 1.7%
Dycom Industries, Inc.
0.75%, 09/15/2021 (B)		1,850,000		1,793,105
Diversified Telecommunication Services - 2.0%
Cellnex Telecom SA
0.50%, 07/05/2028, MTN (D)		EUR  800,000		919,351
Vonage Holdings Corp.
1.75%, 06/01/2024 (E)		$  1,100,000		1,167,914
				2,087,265

The notes are an integral part of this report. Transamerica Funds Page    1

Transamerica Event Driven

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
CONVERTIBLE BONDS (continued)
Entertainment - 1.4%
iQIYI, Inc.
2.00%, 04/01/2025 (E)		$   1,500,000		$   1,423,674
Health Care Equipment & Supplies - 2.4%
Insulet Corp.
1.38%, 11/15/2024		1,700,000		2,463,020
Insurance - 1.3%
AXA SA
7.25%, 05/15/2021 (E)		1,286,000		1,386,507
Interactive Media & Services - 6.3%
Twitter, Inc.
0.25%, 06/15/2024 (C)		3,978,000		4,231,017
YY, Inc.
1.38%, 06/15/2026 (E)		2,400,000		2,346,653
				6,577,670
Internet & Catalog Retail - 3.2%
IAC Financeco 2, Inc.
0.88%, 06/15/2026 (C) (E)		1,700,000		1,778,929
IAC Financeco 3, Inc.
2.00%, 01/15/2030 (E)		1,450,000		1,564,606
				3,343,535
Machinery - 3.2%
Fortive Corp.
0.88%, 02/15/2022 (C) (E)		3,200,000		3,288,150
Media - 2.8%
Liberty Latin America, Ltd.
2.00%, 07/15/2024 (E)		2,000,000		1,967,822
Liberty Media Corp.
2.25%, 12/01/2048 (E)		808,000		970,900
				2,938,722
Metals & Mining - 2.0%
SSR Mining, Inc.
2.50%, 04/01/2039 (E)		1,800,000		2,055,375
Oil, Gas & Consumable Fuels - 1.3%
Green Plains, Inc.
4.00%, 07/01/2024 (B) (E)		1,500,000		1,375,193
Pharmaceuticals - 2.6%
Jazz Investments I, Ltd.
1.88%, 08/15/2021 (C)		2,703,000		2,755,518
Semiconductors & Semiconductor Equipment - 5.2%
Inphi Corp.
0.75%, 09/01/2021		2,500,000		3,102,762
Synaptics, Inc.
0.50%, 06/15/2022 (C)		2,589,000		2,343,256
				5,446,018
Software - 10.0%
Altair Engineering, Inc.
0.25%, 06/01/2024		1,150,000		1,271,517
FireEye, Inc.
Series B,
1.63%, 06/01/2035		1,435,000		1,347,859
Palo Alto Networks, Inc.
0.75%, 07/01/2023 (C) (E)		3,847,000		4,225,833

	Principal		Value
CONVERTIBLE BONDS (continued)
Software (continued)
Q2 Holdings, Inc.
0.75%, 06/01/2026 (E)		$   750,000		$   828,037
Verint Systems, Inc.
1.50%, 06/01/2021 (C)		2,445,000		2,701,543
				10,374,789
Specialty Retail - 4.4%
Guess?, Inc.
2.00%, 04/15/2024 (E)		900,000		863,736
RH
Zero Coupon, 06/15/2023 (B) (C)		3,803,000		3,712,744
				4,576,480
Total Convertible Bonds (Cost $66,143,722)				69,036,298
CORPORATE DEBT SECURITIES - 20.6%
Communications Equipment - 2.0%
Viavi Solutions, Inc.
1.75%, 06/01/2023		1,700,000		2,092,600
Electronic Equipment, Instruments & Components - 4.0%
Vishay Intertechnology, Inc.
2.25%, 06/15/2025 (C)		4,417,000		4,124,007
Health Care Equipment & Supplies - 1.7%
Wright Medical Group, Inc.
1.63%, 06/15/2023 (C)		1,645,000		1,785,335
Health Care Technology - 0.6%
Evolent Health, Inc.
1.50%, 10/15/2025 (E)		1,008,000		628,284
Machinery - 0.8%
Navistar International Corp.
6.63%, 11/01/2025 (C) (E)		842,000		864,102
Oil, Gas & Consumable Fuels - 1.9%
Scorpio Tankers, Inc.
3.00%, 05/15/2022		2,000,000		1,948,668
Software - 5.5%
FireEye, Inc.
0.88%, 06/01/2024 (C)		3,500,000		3,432,621
Splunk, Inc.
0.50%, 09/15/2023 (E)		2,000,000		2,277,487
				5,710,108
Specialty Retail - 2.3%
PetSmart, Inc.
7.13%, 03/15/2023 (E)		850,000		792,625
Zhongsheng Group Holdings, Ltd.
Zero Coupon, 05/23/2023 (D)		HKD  12,000,000		1,601,426
				2,394,051
Technology Hardware, Storage & Peripherals - 1.8%
Pure Storage, Inc.
0.13%, 04/15/2023		$  2,000,000		1,925,718
Total Corporate Debt Securities (Cost $21,216,219)				21,472,873

The notes are an integral part of this report. Transamerica Funds Page    2

Transamerica Event Driven

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Shares			Value
MASTER LIMITED PARTNERSHIP - 0.4%
Capital Markets - 0.4%
Lazard, Ltd., Class A		11,750			$  454,842
Total Master Limited Partnership (Cost $435,131)					454,842
OTHER INVESTMENT COMPANY - 5.3%
Securities Lending Collateral - 5.3%
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 2.32% (F)		5,513,083			5,513,083
Total Other Investment Company (Cost $5,513,083)					5,513,083
	Principal			Value
REPURCHASE AGREEMENT - 4.2%
Fixed Income Clearing Corp., 1.45% (F), dated 07/31/2019, to be repurchased at $4,371,469 on 08/01/2019. Collateralized by a U.S. Government Obligation, 2.50%, due 02/28/2021, and with a value of $4,459,634.		$  4,371,293			4,371,293
Total Repurchase Agreement (Cost $4,371,293)					4,371,293
Total Investments Excluding Purchased Options (Cost $111,020,080)					114,680,541
Total Purchased Options - 0.3% (Cost $271,777)					285,500
Total Investments Before Securities Sold Short (Cost $111,291,857)					114,966,041
	Shares			Value
SECURITIES SOLD SHORT - (15.1)%
COMMON STOCKS - (15.1)%
Biotechnology - (0.7)%
BioMarin Pharmaceutical, Inc.		(2,210	)		(175,297	)
Clovis Oncology, Inc.		(100	)		(1,055	)
Exact Sciences Corp.		(3,300	)		(379,863	)
Repligen Corp.		(2,000	)		(188,780	)
					(744,995	)
Chemicals - (0.2)%
International Flavors & Fragrances, Inc.		(1,283	)		(184,739	)

	Shares			Value
SECURITIES SOLD SHORT (continued)
COMMON STOCKS (continued)
Communications Equipment - (1.8)%
Lumentum Holdings, Inc.		(26,662	)		$   (1,509,869	)
Viavi Solutions, Inc.		(25,546	)		(374,760	)
					(1,884,629	)
Diversified Financial Services - (1.0)%
AXA Equitable Holdings, Inc.		(22,861	)		(513,916	)
Voya Financial, Inc.		(9,272	)		(520,808	)
					(1,034,724	)
Electronic Equipment, Instruments & Components - (0.4)%
Vishay Intertechnology, Inc.		(27,323	)		(464,491	)
Energy Equipment & Services - (0.3)%
Subsea 7 SA		(34,867	)		(376,251	)
Entertainment - (0.4)%
iQIYI, Inc., ADR		(9,140	)		(169,912	)
Live Nation Entertainment, Inc.		(3,060	)		(220,504	)
					(390,416	)
Health Care Equipment & Supplies - (1.9)%
Insulet Corp.		(11,015	)		(1,354,184	)
Wright Medical Group NV		(21,228	)		(612,640	)
					(1,966,824	)
Health Care Technology - (0.0)% (G)
Evolent Health, Inc., Class A		(3,670	)		(25,029	)
Interactive Media & Services - (1.3)%
IAC / InterActiveCorp		(3,500	)		(836,675	)
Twitter, Inc.		(11,913	)		(504,039	)
					(1,340,714	)
Machinery - (0.2)%
Fortive Corp.		(2,500	)		(190,125	)
Metals & Mining - (0.3)%
SSR Mining, Inc.		(22,600	)		(348,040	)
Oil, Gas & Consumable Fuels - (0.6)%
Green Plains, Inc.		(43,300	)		(436,897	)
Scorpio Tankers, Inc.		(8,000	)		(209,680	)
					(646,577	)
Pharmaceuticals - (0.1)%
Jazz Pharmaceuticals PLC		(519	)		(72,338	)
Semiconductors & Semiconductor Equipment - (0.8)%
Inphi Corp.		(12,000	)		(722,520	)
Synaptics, Inc.		(2,501	)		(80,482	)
					(803,002	)
Software - (3.3)%
Altair Engineering, Inc., Class A		(6,000	)		(249,660	)
FireEye, Inc.		(16,736	)		(251,040	)
Palo Alto Networks, Inc.		(4,651	)		(1,053,638	)
Splunk, Inc.		(9,000	)		(1,217,790	)
Verint Systems, Inc.		(10,861	)		(628,526	)
					(3,400,654	)
Specialty Retail - (1.8)%
Guess?, Inc.		(23,000	)		(387,550	)

The notes are an integral part of this report. Transamerica Funds Page    3

Transamerica Event Driven

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Shares			Value
SECURITIES SOLD SHORT (continued)
COMMON STOCKS (continued)
Specialty Retail (continued)
RH		(10,157	)		$   (1,415,886	)
Zhongsheng Group Holdings, Ltd.		(20,000	)		(55,588	)
					(1,859,024	)
Total Common Stocks (Proceeds $(15,162,102))					(15,732,572	)
Total Securities Sold Short (Proceeds $(15,162,102))					(15,732,572	)
Net Other Assets (Liabilities), Net of Securities Sold Short - 4.8%					5,040,349
Net Assets - 100.0%					$  104,273,818

EXCHANGE-TRADED OPTIONS PURCHASED:

Description	Exercise Price			Expiration Date		Notional Amount			Number of Contracts		Premiums Paid			Value
Call - Square, Inc.		USD	90.00		12/20/2019		USD	2,010,250		250		$	112,188		$	124,750
Call - Twitter, Inc.		USD	45.00		09/20/2019		USD	1,692,400		400			34,384			50,000
Call - Twitter, Inc.		USD	45.00		01/17/2020		USD	846,200		200			72,550			78,000
Put - Clovis Oncology, Inc.		USD	7.00		08/16/2019		USD	1,424,250		1,350			14,175			6,750
Put - FireEye, Inc.		USD	13.00		08/23/2019		USD	750,000		500			8,000			8,000
Put - FireEye, Inc.		USD	15.00		08/02/2019		USD	1,500,000		1,000			30,480			18,000
Total												$	271,777		$	285,500

EXCHANGE-TRADED OPTIONS WRITTEN:

Description	Exercise Price			Expiration Date		Notional Amount			Number of Contracts		Premiums (Received)				Value
Call - Square, Inc.		USD	105.00		12/20/2019		USD	2,010,250		250		$	(38,312	)		$	(50,250	)
Call - Twitter, Inc.		USD	50.00		01/17/2020		USD	846,200		200			(41,671	)			(46,400	)
Total												$	(79,983	)		$	(96,650	)
											Premiums (Received)				Value
TOTAL WRITTEN OPTIONS AND SWAPTIONS												$	(79,983	)		$	(96,650	)

OVER-THE-COUNTER SWAP AGREEMENTS:

Total Return Swap Agreements ^(H)

Reference Entity

Counterparty

Pay/ Receive

Payment Frequency

Maturity Date

Notional Amount

Number of Shares or Units

Value

Premiums Paid (Received)

Net Unrealized Appreciation (Depreciation)

FireEye, Inc., 1.63%, 06/01/2035

CITI

Receive

Quarterly/ Monthly

05/01/2020

USD

3,732,720

3,732,720

$

47,189

$

80,456

$

(33,267

)

	Value
OTC Swap Agreements, at value (Assets)		$	47,189

The notes are an integral part of this report. Transamerica Funds Page    4

Transamerica Event Driven

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

FUTURES CONTRACTS:

Short Futures Contracts:

Description	Number of Contracts			Expiration Date		Notional Amount				Value				Unrealized Appreciation			Unrealized Depreciation
NASDAQ-100 E-Mini Index		(11	)		09/20/2019		$	(1,718,946	)		$	(1,730,685	)		$	—		$	(11,739	)
S&P 500® E-Mini Index		(60	)		09/20/2019			(8,945,738	)			(8,946,900	)			—			(1,162	)
Total Futures Contracts															$	—		$	(12,901	)

FORWARD FOREIGN CURRENCY CONTRACTS:

Counterparty	Settlement Date		Currency Purchased		Currency Sold		Unrealized Appreciation		Unrealized Depreciation
SSB		08/30/2019	USD	815,734	CHF	807,040	$	1,973	$	—
SSB		08/30/2019	USD	2,220,156	EUR	1,992,000		9,393		—
SSB		08/30/2019	USD	1,556,761	HKD	12,167,500		1,789		—
SSB		08/30/2019	USD	3,128,088	JPY	339,000,000		4,775		—
Total							$	17,930	$	—

The notes are an integral part of this report. Transamerica Funds Page    5

Transamerica Event Driven

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

SECURITY 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	$	6,889,901		$	633,232		$	—	$	7,523,133
Convertible Preferred Stocks		6,309,019			—			—		6,309,019
Convertible Bonds		—			69,036,298			—		69,036,298
Corporate Debt Securities		—			21,472,873			—		21,472,873
Master Limited Partnership		454,842			—			—		454,842
Other Investment Company		5,513,083			—			—		5,513,083
Repurchase Agreement		—			4,371,293			—		4,371,293
Exchange-Traded Options Purchased		285,500			—			—		285,500
Total Investments	$	19,452,345		$	95,513,696		$	—	$	114,966,041
Other Financial Instruments
Over-the-Counter Total Return Swap Agreements	$	—		$	47,189		$	—	$	47,189
Forward Foreign Currency Contracts (J)		—			17,930			—		17,930
Total Other Financial Instruments	$	—		$	65,119		$	—	$	65,119
LIABILITIES
Securities Sold Short
Common Stocks	$	(15,300,733	)	$	(431,839	)	$	—	$	(15,732,572	)
Total Securities Sold Short	$	(15,300,733	)	$	(431,839	)	$	—	$	(15,732,572	)
Other Financial Instruments
Exchange-Traded Options Written	$	(96,650	)	$	—		$	—	$	(96,650	)
Futures Contracts (J)		(12,901	)		—			—		(12,901	)
Total Other Financial Instruments	$	(109,551	)	$	—		$	—	$	(109,551	)

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	Non-income producing securities.
(B)	All or a portion of the securities are on loan. The total value of all securities on loan is $5,399,409. 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.
(C)	All or a portion of these securities have been segregated by the custodian as collateral for open exchange-traded options and securities sold short transactions. The total value of such securities is $24,451,233.
(D)	Securities are exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside the United States. Securities may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933. At July 31, 2019, the total value of Regulation S securities is $8,985,101, representing 8.6% of the Fund’s net assets.
(E)	Securities are registered pursuant to Rule 144A of the Securities Act of 1933. Unless otherwise indicated, the securities are deemed to be liquid for purposes of compliance limitations on holdings of illiquid securities and may be resold as transactions exempt from registration, normally to qualified institutional buyers. At July 31, 2019, the total value of 144A securities is $31,844,427, representing 30.5% of the Fund’s net assets.
(F)	Rates disclosed reflect the yields at July 31, 2019.
(G)	Percentage rounds to less than 0.1% or (0.1)%.
(H)	At the termination date, a net cash flow is exchanged where the total return is equivalent to the return of the reference entity less a financing rate, if any. As a receiver, the Fund would receive payments based on any positive total return and would owe payments in the event of a negative total return. As the payer, the Fund would owe payments on any net positive total return and would receive payment in the event of a negative total return.
(I)	There were no transfers in or out of Level 3 during the period ended July 31, 2019. Please reference the Security Valuation section of the Notes to Schedules of Investments for more information regarding security valuation and pricing inputs.
(J)	Futures contracts and/or forward foreign currency contracts are valued at unrealized appreciation (depreciation).

The notes are an integral part of this report. Transamerica Funds Page    6

Transamerica Event Driven

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

CURRENCY ABBREVIATIONS:

CHF	Swiss Franc
EUR	Euro
HKD	Hong Kong Dollar
JPY	Japanese Yen
USD	United States Dollar

COUNTERPARTY ABBREVIATIONS:

CITI	Citibank, N.A.
SSB	State Street Bank & Trust Co.

PORTFOLIO ABBREVIATIONS:

ADR	American Depositary Receipt
MTN	Medium Term Note
NASDAQ	National Association of Securities Dealers Automated Quotations

The notes are an integral part of this report. Transamerica Funds Page    7

Transamerica Floating Rate

SCHEDULE OF INVESTMENTS

At July 31, 2019

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES - 9.1%
Auto Components - 0.2%
Panther BF Aggregator 2, LP / Panther Finance Co., Inc.
6.25%, 05/15/2026 (A)		$  1,000,000		$  1,034,700
Communications Equipment - 0.8%
CommScope, Inc.
5.50%, 03/01/2024 (A)		4,500,000		4,556,250
Containers & Packaging - 1.1%
Reynolds Group Issuer, Inc. / Reynolds Group Issuer LLC
5.75%, 10/15/2020		3,876,431		3,890,502
3-Month LIBOR + 3.50%, 5.80% (B), 07/15/2021 (A)		2,000,000		2,007,500
				5,898,002
Food & Staples Retailing - 0.2%
Rite Aid Corp.
6.13%, 04/01/2023 (A)		1,250,000		1,054,688
Health Care Providers & Services - 2.1%
CHS / Community Health Systems, Inc.
5.13%, 08/01/2021		1,000,000		990,000
6.25%, 03/31/2023		2,000,000		1,915,000
RegionalCare Hospital Partners Holdings, Inc.
8.25%, 05/01/2023 (A)		4,180,000		4,450,446
Tenet Healthcare Corp.
4.63%, 07/15/2024		2,650,000		2,695,050
4.75%, 06/01/2020		2,000,000		2,025,000
				12,075,496
Hotels, Restaurants & Leisure - 0.7%
Scientific Games International, Inc.
5.00%, 10/15/2025 (A)		4,000,000		4,090,000
IT Services - 0.6%
First Data Corp.
5.00%, 01/15/2024 (A)		3,500,000		3,585,750
Media - 1.1%
CSC Holdings LLC
5.38%, 07/15/2023 (A)		1,250,000		1,282,000
6.63%, 10/15/2025 (A)		2,000,000		2,125,000
6.75%, 11/15/2021		500,000		535,000
MediaCom Broadband LLC / MediaCom Broadband Corp.
5.50%, 04/15/2021		400,000		400,000
Univision Communications, Inc.
5.13%, 05/15/2023 (A)		2,000,000		1,985,600
				6,327,600
Oil, Gas & Consumable Fuels - 0.2%
eG Global Finance PLC
6.75%, 02/07/2025 (A)		835,000		838,131
Paper & Forest Products - 0.6%
Norbord, Inc.
6.25%, 04/15/2023 (A)		3,200,000		3,392,000
Pharmaceuticals - 1.0%
Bausch Health Cos., Inc.
6.50%, 03/15/2022 (A)		2,000,000		2,073,500
7.00%, 03/15/2024 (A)		3,100,000		3,270,500
				5,344,000

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Real Estate Management & Development - 0.5%
Realogy Group LLC / Realogy Co-Issuer Corp.
5.25%, 12/01/2021 (A) (C)		$   3,000,000		$   2,887,500
Software - 0.0%
Avaya, Inc.
7.00%, 04/01/2019 (A) (C) (D) (E) (F) (G)		1,700,000		0
Total Corporate Debt Securities (Cost $50,760,384)				51,084,117
LOAN ASSIGNMENTS - 86.6%
Aerospace & Defense - 0.9%
Avolon TLB Borrower 1 LLC
Term Loan B3,
1-Month LIBOR + 1.75%, 4.02% (B), 01/15/2025		444,050		445,049
TransDigm, Inc.
Term Loan E,
3-Month LIBOR + 2.50%, 4.83% (B), 05/30/2025		2,314,514		2,294,262
Term Loan G,
3-Month LIBOR + 2.50%, 4.83% (B), 08/22/2024		2,450,188		2,428,749
				5,168,060
Airlines - 0.5%
American Airlines, Inc.
Term Loan,
1-Month LIBOR + 2.00%, 4.33% (B), 12/14/2023		980,000		972,826
Term Loan B,
3-Month LIBOR + 1.75%, 4.06% (B), 06/27/2025		1,980,000		1,939,782
				2,912,608
Auto Components - 1.4%
Jason, Inc.
1st Lien Term Loan,
3-Month LIBOR + 4.50%, 6.83% (B), 06/30/2021		3,907,985		3,517,187
K&N Engineering, Inc.
1st Lien Term Loan,
1-Month LIBOR + 4.75%, 6.98% (B), 10/19/2023		2,233,053		2,199,557
Mavis Tire Express Services Corp.
1st Lien Term Loan,
1-Month LIBOR + 3.25%, 5.48% (B), 03/20/2025		1,535,785		1,507,949
Delayed Draw Term Loan,
1-Month LIBOR + 3.25%, 2.00% (B), 03/20/2025		43,970		43,173
Panther BF Aggregator 2, LP
Term Loan B,
1-Month LIBOR + 3.50%, 5.73% (B), 04/30/2026		550,000		549,656
				7,817,522

The notes are an integral part of this report. Transamerica Funds Page    1

Transamerica Floating Rate

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
LOAN ASSIGNMENTS (continued)
Automobiles - 0.3%
Thor Industries, Inc.
Term Loan B,
Prime Rate + 2.75%, 6.19% (B), 02/01/2026		$   757,074		$   747,611
Wand NewCo 3, Inc.
1st Lien Term Loan,
1-Month LIBOR + 3.50%, 5.86% (B), 02/05/2026		1,136,666		1,143,771
				1,891,382
Beverages - 0.2%
Blue Ribbon LLC
Term Loan,
1-Month LIBOR + 4.00%, 6.39% (B), 11/13/2021		1,484,234		1,320,969
Biotechnology - 0.2%
Curium BidCo SARL
Term Loan B,
1-Week LIBOR + 4.00%, 6.37% (B), 07/09/2026		1,000,000		1,006,250
Building Products - 1.3%
Anvil International LLC
1st Lien Term Loan,
3-Month LIBOR + 5.00%, 7.33% (B), 05/28/2026		1,300,000		1,274,000
Builders FirstSource, Inc.
Term Loan B,
3-Month LIBOR + 3.00%, 5.33% (B), 02/29/2024		673,446		671,903
NCI Building Systems, Inc.
Term Loan,
1-Month LIBOR + 3.75%, 6.12% (B), 04/12/2025		3,465,000		3,378,375
Tamko Building Products, Inc.
Term Loan B,
1-Month LIBOR + 3.25%, 5.48% (B), 04/23/2026		150,000		150,563
3-Month LIBOR + 3.25%, 5.58% (B), 04/23/2026		750,000		752,812
VT Topco, Inc.
1st Lien Term Loan,
3-Month LIBOR + 3.75%, 6.08% (B), 08/01/2025		933,472		931,138
				7,158,791
Capital Markets - 2.6%
Blackstone CQP Holdco, LP
Term Loan B,
3-Month LIBOR + 3.50%, 5.89% (B), 09/30/2024		1,150,000		1,154,313
Blucora, Inc.
Term Loan B,
2-Month LIBOR + 3.00%, 5.26% (B), 05/22/2024		530,125		530,125
CRCI Longhorn Holdings, Inc.
1st Lien Term Loan,
1-Month LIBOR + 3.50%, 5.87% (B), 08/08/2025		1,588,000		1,566,165
Crown Finance, Inc.
Term Loan,
1-Month LIBOR + 2.25%, 4.48% (B), 02/28/2025		1,645,203		1,638,211

	Principal		Value
LOAN ASSIGNMENTS (continued)
Capital Markets (continued)
Deerfield Dakota Holding LLC
Term Loan B,
1-Month LIBOR + 3.25%, 5.48% (B), 02/13/2025		$   2,718,156		$   2,647,653
Kingpin Intermediate Holdings LLC
Term Loan B,
1-Month LIBOR + 3.50%, 5.73% (B), 07/03/2024		3,450,169		3,458,794
RPI Finance Trust
Term Loan B6,
1-Month LIBOR + 2.00%, 4.23% (B), 03/27/2023		467,879		470,364
SIWF Holdings, Inc.
1st Lien Term Loan,
3-Month LIBOR + 4.25%, 6.52% (B), 06/15/2025		2,499,750		2,487,251
Victory Capital Holdings, Inc.
Term Loan B,
3-Month LIBOR + 3.25%, 5.57% (B), 07/01/2026		743,182		744,575
				14,697,451
Chemicals - 2.5%
DuBois Chemicals, Inc.
1st Lien Term Loan B,
1-Month LIBOR + 3.25%, 5.48% (B), 03/15/2024		2,299,698		2,259,454
Encapsys LLC
1st Lien Term Loan,
1-Month LIBOR + 3.50%, 5.73% (B), 11/07/2024		1,754,420		1,756,613
Hexion, Inc.
Term Loan,
3-Month LIBOR + 3.50%, 5.82% (B), 06/25/2026		1,500,000		1,498,125
Minerals Technologies, Inc.
Term Loan,
4.75%, 05/09/2021 (H)		947,467		940,361
Term Loan B,
1-Month LIBOR + 2.25%, 4.52% (B), 02/14/2024		84,013		84,328
1-Month LIBOR + 2.25%, 4.57% (B), 02/14/2024		4,876		4,894
3-Month LIBOR + 2.25%, 4.60% (B), 02/14/2024		19,504		19,577
1-Month LIBOR + 2.25%, 4.66% (B), 02/14/2024		3,901		3,915
Polymer Process Holdings, Inc.
Term Loan,
1-Month LIBOR + 6.00%, 8.38% (B), 05/01/2026		900,000		882,000
Trinseo Materials Operating SCA
Term Loan,
1-Month LIBOR + 2.00%, 4.23% (B), 09/06/2024		589,500		583,789
Tronox Finance LLC
Term Loan B,
1-Month LIBOR + 3.00%, 5.23% (B), 09/23/2024		545,607		541,401
3-Month LIBOR + 3.00%, 5.33% (B), 09/23/2024		348,837		346,148
US Salt LLC
Term Loan B,
1-Month LIBOR + 4.75%, 6.98% (B), 01/16/2026		1,496,250		1,503,731

The notes are an integral part of this report. Transamerica Funds Page    2

Transamerica Floating Rate

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
LOAN ASSIGNMENTS (continued)
Chemicals (continued)
VAC Holdings GmbH
Term Loan B,
3-Month LIBOR + 4.00%, 6.33% (B), 03/08/2025		$   1,135,625		$   1,132,786
Venator Materials Corp.
Term Loan B,
3-Month LIBOR + 3.00%, 5.52% (B), 08/08/2024		2,218,049		2,187,551
				13,744,673
Commercial Services & Supplies - 5.9%
Advanced Disposal Services, Inc.
Term Loan B3,
1-Week LIBOR + 2.25%, 4.60% (B), 11/10/2023		3,631,761		3,637,572
Aramark Services, Inc.
Term Loan B2,
3-Month LIBOR + 1.75%, 4.08% (B), 03/28/2024		323,726		323,625
Term Loan B3,
3-Month LIBOR + 1.75%, 4.08% (B), 03/11/2025		466,331		466,331
Asurion LLC
Term Loan B4,
1-Month LIBOR + 3.00%, 5.23% (B), 08/04/2022		1,057,171		1,059,373
Term Loan B6,
1-Month LIBOR + 3.00%, 5.23% (B), 11/03/2023		2,389,835		2,394,316
BIFM CA Buyer, Inc.
Term Loan B,
3-Month LIBOR + 3.75%, 6.27% (B), 06/01/2026		1,000,000		997,500
Ensemble RCM LLC
Term Loan,
TBD, 07/22/2026 (I) (J)		610,000		610,000
EWT Holdings III Corp.
Repriced Term Loan,
1-Month LIBOR + 3.00%, 5.23% (B), 12/20/2024		3,259,685		3,255,610
Garda World Security Corp.
Term Loan,
3-Month LIBOR + 3.50%, 6.02% (B), 05/24/2024		3,108,723		3,111,639
GFL Environmental, Inc.
Term Loan B,
1-Month LIBOR + 3.00%, 5.23% (B), 05/30/2025		4,954,681		4,909,262
Gopher Resource LLC
1st Lien Term Loan,
1-Month LIBOR + 3.25%, 5.48% (B), 03/06/2025		967,896		963,056
Prime Security Services Borrower LLC
1st Lien Term Loan,
1-Month LIBOR + 2.75%, 4.98% (B), 05/02/2022		1,683,734		1,680,788
Spin Holdco, Inc.
Term Loan B,
3-Month LIBOR + 3.25%, 5.27% (B), 11/14/2022		4,387,763		4,327,431

	Principal		Value
LOAN ASSIGNMENTS (continued)
Commercial Services & Supplies (continued)
Technimark LLC
1st Lien Term Loan,
1-Month LIBOR + 3.75%, 5.98% (B), 08/06/2025		$   1,393,000		$   1,379,070
TruGreen, LP
Term Loan,
1-Month LIBOR + 3.75%, 5.98% (B), 03/19/2026		3,919,283		3,929,082
				33,044,655
Communications Equipment - 0.8%
Sabre Industries, Inc.
Term Loan B,
1-Month LIBOR + 4.50%, 6.81% (B), 04/15/2026		1,895,250		1,911,833
Securus Technologies Holdings, Inc.
1st Lien Term Loan,
3-Month LIBOR + 4.50%, 6.83% (B), 11/01/2024		2,611,855		2,376,788
				4,288,621
Construction & Engineering - 1.6%
Granite Acquisition, Inc.
Term Loan B,
3-Month LIBOR + 3.50%, 5.82% (B), 12/19/2021		3,280,778		3,293,081
Term Loan C,
3-Month LIBOR + 3.50%, 5.83% (B), 12/19/2021		120,590		121,041
McDermott Technology Americas, Inc.
1st Lien Term Loan,
1-Month LIBOR + 5.00%, 7.23% (B), 05/09/2025		2,468,750		2,353,541
PSC Industrial Holdings Corp.
1st Lien Term Loan,
1-Month LIBOR + 3.75%, 6.08% (B), 10/03/2024		2,959,937		2,937,738
				8,705,401
Construction Materials - 0.6%
Forterra Finance LLC
Term Loan B,
1-Month LIBOR + 3.00%, 5.23% (B), 10/25/2023		3,661,582		3,399,779
Containers & Packaging - 4.1%
Anchor Glass Container Corp.
1st Lien Term Loan,
1-Month LIBOR + 2.75%, 4.98% (B), 12/07/2023		124,301		110,939
1-Month LIBOR + 2.75%, 5.11% (B), 12/07/2023		2,205,556		1,968,458
2nd Lien Term Loan,
1-Month LIBOR + 7.75%, 10.11% (B), 12/07/2024		1,945,000		1,400,400
Ball Metalpack LLC
1st Lien Term Loan B,
3-Month LIBOR + 4.50%, 7.02% (B), 07/24/2025		1,200,387		1,167,377
2nd Lien Term Loan B,
1-Month LIBOR + 8.75%, 11.27% (B), 07/24/2026		1,000,000		962,500

The notes are an integral part of this report. Transamerica Funds Page    3

Transamerica Floating Rate

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
LOAN ASSIGNMENTS (continued)
Containers & Packaging (continued)
Berry Global, Inc.
Term Loan R,
1-Month LIBOR + 2.25%, 4.63% (B), 01/19/2024		$   1,264,013		$   1,259,536
Term Loan U,
3-Month LIBOR + 2.50%, 4.90% (B), 07/01/2026		1,000,000		998,500
Consolidated Container Co. LLC
1st Lien Term Loan,
1-Month LIBOR + 2.75%, 4.98% (B), 05/22/2024		255,218		252,560
Flex Acquisition Co., Inc.
1st Lien Term Loan,
3-Month LIBOR + 3.00%, 5.32% (B), 12/29/2023		2,481,408		2,366,199
Term Loan,
3-Month LIBOR + 3.25%, 5.57% (B), 06/29/2025		276,341		264,827
Liqui-Box Holdings, Inc.
Term Loan B,
TBD, 05/21/2026 (I) (J)		1,750,000		1,730,312
Packaging Coordinators Midco, Inc.
1st Lien Term Loan,
3-Month LIBOR + 4.00%, 6.33% (B), 06/30/2023		3,406,514		3,397,998
Plastipak Packaging, Inc.
Term Loan B,
1-Month LIBOR + 2.50%, 4.74% (B), 10/14/2024		2,930,064		2,917,611
Pregis Corp.
Term Loan,
TBD, 07/23/2026 (I) (J)		650,000		649,187
Printpack Holdings, Inc.
Term Loan,
1-Month LIBOR + 3.00%, 5.25% (B), 07/26/2023		2,262,996		2,246,024
Proampac PG Borrower LLC
1st Lien Term Loan,
3-Month LIBOR + 3.50%, 5.76% (B), 11/18/2023		268,765		262,466
1-Month LIBOR + 3.50%, 5.77% (B), 11/18/2023		597,256		583,258
3-Month LIBOR + 3.50%, 6.02% (B), 11/18/2023		357,578		349,197
3-Month LIBOR + 3.50%, 6.07% (B), 11/18/2023		410,626		401,001
				23,288,350
Diversified Consumer Services - 2.0%
Belfor Holdings, Inc.
1-Month LIBOR + 4.00%, 6.23% (B), 04/06/2026		500,000		505,000
Diamond Sports Group LLC
Term Loan,
TBD, 07/17/2026 (I) (J)		1,000,000		1,000,625
Mister Car Wash Holdings, Inc.
Term Loan B,
1-Month LIBOR + 3.50%, 5.83% (B), 05/14/2026		583,333		581,874
Pre-Paid Legal Services, Inc.
1st Lien Term Loan,
1-Month LIBOR + 3.25%, 7.75% (B), 05/01/2025		2,668,149		2,662,591

	Principal		Value
LOAN ASSIGNMENTS (continued)
Diversified Consumer Services (continued)
ServiceMaster Co.
Term Loan B,
1-Month LIBOR + 2.50%, 4.73% (B), 11/08/2023		$   142,247		$   142,040
ServPro Borrower LLC
Term Loan B,
1-Month LIBOR + 3.50%, 5.73% (B), 03/26/2026		1,246,875		1,245,316
USS Ultimate Holdings, Inc.
1st Lien Term Loan,
6-Month LIBOR + 3.75%, 5.95% (B), 08/25/2024		2,359,754		2,353,855
3-Month LIBOR + 3.75%, 6.08% (B), 08/25/2024		6,020		6,005
William Morris Endeavor Entertainment LLC
1st Lien Term Loan,
1-Month LIBOR + 2.75%, 4.99% (B), 05/18/2025		2,509,602		2,441,635
				10,938,941
Diversified Financial Services - 0.7%
BCP Raptor II LLC
1st Lien Term Loan,
1-Month LIBOR + 4.75%, 6.98% (B), 11/03/2025		440,000		409,200
Compass Group Diversified Holdings LLC
Term Loan B,
1-Month LIBOR + 2.50%, 4.73% (B), 04/17/2025		601,504		602,443
Messer Industries GmbH
Term Loan,
3-Month LIBOR + 2.50%, 4.83% (B), 03/01/2026		249,375		248,232
NBG Acquisition, Inc.
Term Loan,
3-Month LIBOR + 5.50%, 7.83% (B), 04/26/2024		1,772,070		1,687,896
Russell Investments Institutional Holdco, Inc.
Term Loan B,
TBD, 06/01/2023 (I) (J)		500,000		495,625
WG Partners Acquisition LLC
Term Loan B,
3-Month LIBOR + 3.50%, 5.83% (B), 11/15/2023		352,463		350,260
				3,793,656
Diversified Telecommunication Services - 1.8%
CenturyLink, Inc.
Term Loan A,
1-Month LIBOR + 2.75%, 4.98% (B), 11/01/2022		474,359		473,914
Term Loan B,
1-Month LIBOR + 2.75%, 4.98% (B), 01/31/2025		2,955,000		2,934,315
Global Tel*Link Corp.
1st Lien Term Loan,
1-Month LIBOR + 4.25%, 6.48% (B), 11/29/2025		2,600,922		2,459,497
Hargray Communications Group, Inc.
Term Loan B,
1-Month LIBOR + 2.75%, 4.98% (B), 05/16/2024		1,455,152		1,451,816
Virgin Media Bristol LLC
Term Loan K,
1-Month LIBOR + 2.50%, 4.83% (B), 01/15/2026		3,000,000		3,006,249
				10,325,791

The notes are an integral part of this report. Transamerica Funds Page    4

Transamerica Floating Rate

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
LOAN ASSIGNMENTS (continued)
Electric Utilities - 0.2%
Vistra Operations Co. LLC
3-Month LIBOR + 2.00%, 4.33% (B), 12/31/2025		$   37,179		$   37,225
1st Lien Term Loan B3,
1-Month LIBOR + 2.00%, 4.23% (B), 12/31/2025		651,544		652,359
1-Month LIBOR + 2.00%, 4.31% (B), 12/31/2025		465,421		466,003
				1,155,587
Electrical Equipment - 1.9%
Atkore International, Inc.
1st Lien Term Loan,
3-Month LIBOR + 2.75%, 5.07% (B), 12/22/2023		2,257,473		2,263,117
C&D Technologies, Inc.
Term Loan B,
1-Month LIBOR + 5.75%, 7.98% (B), 12/20/2025		2,052,438		1,944,685
Electrical Components International, Inc.
1st Lien Term Loan,
3-Month LIBOR + 4.25%, 6.58% (B), 06/26/2025		2,727,475		2,645,651
Global Appliance, Inc.
Term Loan A,
1-Month LIBOR + 3.25%, 5.49% (B), 09/29/2022		465,511		458,528
Term Loan B,
1-Month LIBOR + 4.00%, 6.24% (B), 09/29/2024		2,851,269		2,837,013
VC GB Holdings, Inc.
1st Lien Term Loan,
1-Month LIBOR + 3.00%, 5.23% (B), 02/28/2024		670,401		658,669
				10,807,663
Electronic Equipment, Instruments & Components - 2.0%
Badger Buyer Corp.
Term Loan B,
1-Month LIBOR + 3.50%, 5.73% (B), 09/30/2024		1,445,109		1,343,951
Electro Rent Corp.
1st Lien Term Loan,
3-Month LIBOR + 5.00%, 7.28% (B), 01/31/2024		2,825,162		2,832,225
3-Month LIBOR + 5.00%, 7.29% (B), 01/31/2024		7,263		7,281
GrafTech Finance, Inc.
Term Loan B,
1-Month LIBOR + 3.50%, 5.73% (B), 02/12/2025		1,838,889		1,806,708
II-VI, Inc.
Term Loan B,
TBD, 05/08/2026 (I) (J)		1,300,000		1,294,312
Radio Systems Corp.
Term Loan B,
3-Month LIBOR + 2.75%, 5.08% (B), 05/02/2024		2,937,494		2,904,447
Verra Mobility Corp.
1st Lien Term Loan,
1-Month LIBOR + 3.75%, 5.98% (B), 02/28/2025		978,807		982,069
				11,170,993

	Principal		Value
LOAN ASSIGNMENTS (continued)
Entertainment - 0.4%
AMC Entertainment Holdings, Inc.
Term Loan B,
6-Month LIBOR + 3.00%, 5.23% (B), 04/22/2026		$   2,493,750		$   2,495,309
Equity Real Estate Investment Trusts - 1.3%
iStar, Inc.
Term Loan B,
1-Month LIBOR + 2.75%, 5.05% (B), 06/28/2023		1,298,397		1,299,208
1-Month LIBOR + 2.75%, 5.13% (B), 06/28/2023		1,272,429		1,273,224
MGM Growth Properties Operating Partnership, LP
Term Loan A,
1-Month LIBOR + 1.75%, 3.98% (B), 06/14/2023		3,500,000		3,473,750
Term Loan B,
1-Month LIBOR + 2.00%, 4.23% (B), 03/21/2025		488,636		488,270
VICI Properties 1 LLC
Term Loan B,
1-Month LIBOR + 2.00%, 4.27% (B), 12/20/2024		715,909		714,567
				7,249,019
Food & Staples Retailing - 2.3%
Albertsons LLC
Term Loan B6,
1-Month LIBOR + 3.00%, 5.23% (B), 06/22/2023		2,674,600		2,677,943
Term Loan B7,
1-Month LIBOR + 3.00%, 5.23% (B), 11/17/2025		1,492,500		1,493,900
BJ’s Wholesale Club, Inc.
1st Lien Term Loan,
1-Month LIBOR + 2.75%, 5.08% (B), 02/03/2024		955,007		956,334
Chef’s Warehouse Leasing Co. LLC
1st Lien Term Loan,
1-Month LIBOR + 3.50%, 5.73% (B), 06/22/2022		1,219,021		1,219,021
Give & Go Prepared Foods Corp.
1st Lien Term Loan,
1-Month LIBOR + 4.25%, 6.48% (B), 07/29/2023		4,260,340		3,915,964
Hostess Brands LLC
Repriced Term Loan,
1-Month LIBOR + 2.25%, 4.48% (B), 08/03/2022		751,652		749,930
3-Month LIBOR + 2.25%, 4.51% (B), 08/03/2022		1,444,104		1,440,794
2-Month LIBOR + 2.25%, 4.51% (B), 08/03/2022		6,225		6,210
2-Month LIBOR + 2.25%, 4.60% (B), 08/03/2022		250,551		249,976
Sage Borrowco LLC
Term Loan B,
3-Month LIBOR + 4.75%, 7.13% (B), 06/22/2026		300,000		300,375
				13,010,447

The notes are an integral part of this report. Transamerica Funds Page    5

Transamerica Floating Rate

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
LOAN ASSIGNMENTS (continued)
Food Products - 3.0%
8th Avenue Food & Provisions, Inc.
1st Lien Term Loan,
1-Month LIBOR + 3.75%, 6.11% (B), 10/01/2025		$   373,125		$   374,291
CSM Bakery Solutions LLC
1st Lien Term Loan,
3-Month LIBOR + 4.00%, 6.29% (B), 07/03/2020		3,412,312		3,236,008
Del Monte Foods, Inc.
1st Lien Term Loan,
3-Month LIBOR + 3.25%, 5.77% (B), 02/18/2021		1,946,747		1,517,246
Prime Rate + 2.25%, 7.75% (B), 02/18/2021		5,150		4,014
Dole Food Co., Inc.
Term Loan B,
1-Month LIBOR + 2.75%, 4.98% (B), 04/06/2024		812,978		804,848
1-Month LIBOR + 2.75%, 5.02% (B), 04/06/2024		1,632,730		1,616,403
Kettle Cuisine LLC
Term Loan,
3-Month LIBOR + 3.75%, 6.02% (B), 08/22/2025		1,240,625		1,225,117
Nomad Foods Midco, Ltd.
Term Loan B4,
1-Month LIBOR + 2.25%, 4.58% (B), 05/15/2024		2,441,134		2,435,032
Post Holdings, Inc.
Series A, Term Loan,
3-Month LIBOR + 2.00%, 4.27% (B), 05/24/2024		2,681,514		2,678,642
Shearer’s Foods, Inc.
1st Lien Term Loan,
1-Month LIBOR + 4.25%, 6.48% (B), 06/30/2021		2,994,945		2,981,842
Prime Rate + 3.25%, 8.75% (B), 06/30/2021		23,491		23,389
				16,896,832
Health Care Equipment & Supplies - 3.1%
Carestream Dental Equipment, Inc.
1st Lien Term Loan,
1-Month LIBOR + 3.25%, 5.48% (B), 09/01/2024		2,062,098		2,022,574
Carestream Health, Inc.
1st Lien Term Loan,
1-Month LIBOR + 5.75%, 7.98% (B), 02/28/2021		3,983,104		3,818,801
2nd Lien Term Loan,
1-Month LIBOR + 9.50%, 11.73% (B), 06/07/2021		1,010,000		949,400
CPI Holdco LLC
1st Lien Term Loan,
1-Month LIBOR + 3.50%, 5.73% (B), 03/21/2024		3,873,509		3,863,826
DentalCorp Perfect Smile ULC
1st Lien Term Loan,
1-Month LIBOR + 3.75%, 5.98% (B), 06/06/2025		988,613		976,255
Mallinckrodt International Finance SA
Term Loan B,
3-Month LIBOR + 2.75%, 5.08% (B), 09/24/2024		1,562,857		1,323,219
3-Month LIBOR + 3.00%, 5.53% (B), 02/24/2025		674,351		574,041

	Principal		Value
LOAN ASSIGNMENTS (continued)
Health Care Equipment & Supplies (continued)
Ortho-Clinical Diagnostics SA
Term Loan B,
3-Month LIBOR + 3.25%, 5.56% (B), 06/30/2025		$   1,997,390		$   1,939,965
YI LLC
1st Lien Term Loan,
3-Month LIBOR + 4.00%, 6.33% (B), 11/07/2024		2,082,636		2,061,810
				17,529,891
Health Care Providers & Services - 3.2%
AHP Health Partners, Inc.
Term Loan,
1-Month LIBOR + 4.50%, 6.73% (B), 06/30/2025		2,673,000		2,675,005
DuPage Medical Group, Ltd.
Term Loan,
1-Month LIBOR + 2.75%, 4.98% (B), 08/15/2024		993,550		967,884
HCA, Inc.
Term Loan B10,
3-Month LIBOR + 2.00%, 4.33% (B), 03/13/2025		373,403		374,670
Term Loan B11,
3-Month LIBOR + 1.75%, 4.08% (B), 03/17/2023		614,097		614,941
Heartland Dental LLC
1st Lien Term Loan,
1-Month LIBOR + 3.75%, 5.98% (B), 04/30/2025		2,906,850		2,796,026
Pearl Intermediate Parent LLC
TBD, 02/14/2025 (I) (J)		650,841		628,062
Quorum Health Corp.
Term Loan B,
3-Month LIBOR + 6.75%, 9.01% (B), 04/29/2022		3,996,979		3,947,017
RadNet, Inc.
Repriced Term Loan,
3-Month LIBOR + 3.50%, 5.83% (B), 06/30/2023		1,264,003		1,257,683
Prime Rate + 2.50%, 8.00% (B), 06/30/2023		18,588		18,495
RegionalCare Hospital Partners Holdings, Inc.
Term Loan B,
Prime Rate + 3.50%, 6.77% (B), 11/17/2025		995,000		999,042
Sound Inpatient Physicians
1st Lien Term Loan,
1-Month LIBOR + 2.75%, 4.98% (B), 06/27/2025		987,519		982,581
Team Health Holdings, Inc.
1st Lien Term Loan,
1-Month LIBOR + 2.75%, 4.98% (B), 02/06/2024		1,857,250		1,627,415
WP CityMD Bidco LLC
1st Lien Term Loan,
1-Month LIBOR + 3.50%, 5.73% (B), 06/07/2024		1,128,072		1,127,602
				18,016,423

The notes are an integral part of this report. Transamerica Funds Page    6

Transamerica Floating Rate

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
LOAN ASSIGNMENTS (continued)
Health Care Technology - 0.1%
Change Healthcare Holdings LLC
Term Loan B,
1-Month LIBOR + 2.50%, 4.73% (B), 03/01/2024		$  493,184		$  491,720
1-Month LIBOR + 2.75%, 4.73% (B), 03/01/2024		273,542		272,730
				764,450
Hotels, Restaurants & Leisure - 5.7%
Affinity Gaming LLC
Term Loan,
1-Month LIBOR + 3.25%, 5.48% (B), 07/01/2023		1,833,938		1,768,604
Aimbridge Acquisition Co., Inc.
1st Lien Term Loan,
1-Month LIBOR + 3.75%, 6.14% (B), 02/02/2026		748,125		750,930
Boyd Gaming Corp.
Term Loan A,
1-Week LIBOR + 2.25%, 4.62% (B), 09/15/2021		290,682		288,502
Term Loan B3,
1-Week LIBOR + 2.25%, 4.62% (B), 09/15/2023		1,275,402		1,274,947
Caesars Resort Collection LLC
1st Lien Term Loan B,
1-Month LIBOR + 2.75%, 4.98% (B), 12/22/2024		2,955,000		2,927,912
ClubCorp Holdings, Inc.
Term Loan B,
3-Month LIBOR + 2.75%, 5.08% (B), 09/18/2024		2,458,536		2,260,624
Eldorado Resorts LLC
Term Loan B,
3-Month LIBOR + 2.25%, 4.56% (B), 04/17/2024		798,000		795,672
1-Month LIBOR + 2.25%, 4.56% (B), 04/17/2024		895,500		892,888
3-Month LIBOR + 2.25%, 4.69% (B), 04/17/2024		220,000		219,358
Flynn Restaurant Group, LP
1st Lien Term Loan,
1-Month LIBOR + 3.50%, 5.73% (B), 06/27/2025		1,091,729		1,051,699
Hilton Worldwide Finance LLC
Term Loan B2,
1-Month LIBOR + 1.75%, 4.02% (B), 06/22/2026		1,341,361		1,345,133
IRB Holding Corp.
1st Lien Term Loan,
3-Month LIBOR + 3.25%, 5.55% (B), 02/05/2025		1,970,000		1,959,165
3-Month LIBOR + 3.25%, 5.56% (B), 02/05/2025		5,000		4,973
NEP/NCP Holdco, Inc.
1st Lien Term Loan,
1-Month LIBOR + 3.25%, 5.48% (B), 10/20/2025		2,985,000		2,982,015
NPC International, Inc.
1st Lien Term Loan,
1-Month LIBOR + 3.50%, 5.73% (B), 04/19/2024		1,456,353		1,164,354
3-Month LIBOR + 3.50%, 5.82% (B), 04/19/2024		1,011,479		808,678
Penn National Gaming, Inc.
Term Loan A,
1-Month LIBOR + 2.00%, 4.23% (B), 10/19/2023		2,254,688		2,243,414

	Principal		Value
LOAN ASSIGNMENTS (continued)
Hotels, Restaurants & Leisure (continued)
Scientific Games International, Inc.
Term Loan B5,
1-Month LIBOR + 2.75%, 4.98% (B), 08/14/2024		$   2,211,370		$   2,198,931
SeaWorld Parks & Entertainment, Inc.
Term Loan B5,
1-Month LIBOR + 3.00%, 5.23% (B), 03/31/2024		3,014,205		3,014,205
Station Casinos LLC
Term Loan A3,
1-Month LIBOR + 2.00%, 4.24% (B), 06/08/2022		973,333		964,411
Term Loan B,
1-Month LIBOR + 2.50%, 4.74% (B), 06/08/2023		1,495,772		1,495,508
Twin River Worldwide Holdings, Inc.
Term Loan B,
1-Month LIBOR + 2.75%, 4.98% (B), 05/02/2026		1,150,000		1,145,687
United PF Holdings LLC
Term Loan,
1-Month LIBOR + 4.50%, 6.83% (B), 06/10/2026		659,722		660,547
				32,218,157
Household Durables - 3.4%
American Bath Group LLC
Term Loan B,
3-Month LIBOR + 4.25%, 6.58% (B), 09/30/2023		2,606,907		2,597,131
API Heat Transfer ThermaSys Corp.
Term Loan,
3-Month LIBOR + 6.00%, 8.33% (B), 12/31/2023		829,634		746,670
Hoffmaster Group, Inc.
1st Lien Term Loan,
3-Month LIBOR + 4.00%, 6.33% (B), 11/21/2023		4,996,940		4,996,940
2nd Lien Term Loan,
3-Month LIBOR + 9.50%, 11.83% (B), 11/21/2024		900,000		886,500
Janus International Group LLC
1st Lien Term Loan,
1-Month LIBOR + 3.00%, 5.23% (B), 02/12/2025		988,119		973,297
Libbey Glass, Inc.
Term Loan B,
1-Month LIBOR + 3.00%, 5.37% (B), 04/09/2021		2,245,346		1,728,916
Lifetime Brands, Inc.
Term Loan B,
1-Month LIBOR + 3.50%, 5.73% (B), 02/28/2025		3,703,125		3,684,610
WKI Holding Co., Inc.
Term Loan B,
3-Month LIBOR + 4.00%, 6.32% (B), 05/01/2024		3,434,949		3,422,068
				19,036,132
Household Products - 0.8%
KIK Custom Products, Inc.
Term Loan B,
3-Month LIBOR + 4.00%, 6.26% (B), 05/15/2023		4,633,089		4,357,999

The notes are an integral part of this report. Transamerica Funds Page    7

Transamerica Floating Rate

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
LOAN ASSIGNMENTS (continued)
Independent Power & Renewable Electricity Producers - 0.8%
Calpine Construction Finance Co., LP
Term Loan B,
1-Month LIBOR + 2.50%, 4.73% (B), 01/15/2025		$   1,971,234		$   1,966,307
Calpine Corp.
Term Loan B9,
3-Month LIBOR + 2.75%, 5.08% (B), 04/05/2026		2,000,000		2,000,358
Terra-Gen Finance Co. LLC
Term Loan B,
1-Month LIBOR + 4.25%, 6.49% (B), 12/09/2021		407,325		356,409
				4,323,074
Interactive Media & Services - 0.1%
Ancestry.com Operations, Inc.
1st Lien Term Loan,
1-Month LIBOR + 3.25%, 5.49% (B), 10/19/2023		632,125		630,545
Internet & Direct Marketing Retail - 0.4%
Shutterfly, Inc.
Delayed Draw Term Loan B,
1-Month LIBOR + 2.50%, 4.81% (B), 08/17/2024		1,393,621		1,391,445
Term Loan B2,
1-Month LIBOR + 2.50%, 4.74% (B), 08/17/2024		813,656		814,063
				2,205,508
IT Services - 2.0%
Flexential Intermediate Corp.
1st Lien Term Loan,
3-Month LIBOR + 3.50%, 5.83% (B), 08/01/2024		884,250		810,857
Go Daddy Operating Co. LLC
Repriced Term Loan,
1-Month LIBOR + 2.00%, 4.23% (B), 02/15/2024		1,486,371		1,488,927
Moneygram International, Inc.
Term Loan B,
3-Month LIBOR + 6.00%, 8.33% (B), 05/22/2023		1,445,322		1,420,751
Rackspace Hosting, Inc.
1st Lien Term Loan,
3-Month LIBOR + 3.00%, 5.58% (B), 11/03/2023		2,710,416		2,511,975
Tempo Acquisition LLC
Term Loan,
1-Month LIBOR + 3.00%, 5.23% (B), 05/01/2024		1,431,594		1,433,384
Vestcom Parent Holdings, Inc.
1st Lien Term Loan,
1-Month LIBOR + 4.00%, 6.23% (B), 12/19/2023		1,410,394		1,325,770
Prime Rate + 3.00%, 8.50% (B), 12/19/2023		242		228
Xerox Business Services LLC
Term Loan B,
1-Month LIBOR + 2.50%, 4.73% (B), 12/07/2023		2,430,844		2,382,227
				11,374,119

	Principal		Value
LOAN ASSIGNMENTS (continued)
Leisure Products - 1.4%
Bombardier Recreational Products, Inc.
Term Loan B2,
3-Month LIBOR + 2.50%, 4.76% (B), 05/23/2025		$   500,000		$   493,750
Callaway Golf Co.
Term Loan B,
1-Month LIBOR + 4.50%, 6.86% (B), 01/02/2026		935,000		944,350
Playpower, Inc.
Term Loan,
1-Month LIBOR + 5.50%, 7.76% (B), 05/08/2026		900,000		902,250
Pure Fishing, Inc.
Term Loan,
3-Month LIBOR + 4.50%, 6.83% (B), 11/30/2025		2,992,500		2,811,080
Recess Holdings, Inc.
1st Lien Term Loan,
3-Month LIBOR + 3.75%, 6.08% (B), 09/29/2024		2,945,728		2,916,270
				8,067,700
Life Sciences Tools & Services - 0.1%
Parexel International Corp.
Term Loan B,
1-Month LIBOR + 2.75%, 4.98% (B), 09/27/2024		701,792		676,645
Machinery - 4.0%
Columbus McKinnon Corp.
Term Loan B,
3-Month LIBOR + 2.50%, 4.83% (B), 01/31/2024		1,388,228		1,393,434
Cortes NP Acquisition Corp.
Term Loan B,
3-Month LIBOR + 4.00%, 6.33% (B), 11/30/2023		3,381,853		3,212,760
Gardner Denver, Inc.
Term Loan B,
1-Month LIBOR + 2.75%, 4.98% (B), 07/30/2024		1,460,561		1,463,284
Harsco Corp.
Term Loan B1,
1-Month LIBOR + 2.25%, 4.50% (B), 12/06/2024		95,408		95,526
Justrite Safety Group
1st Lien Term Loan,
3-Month LIBOR + 4.50%, 6.73% (B), 06/28/2026		891,304		885,734
Milacron LLC
Term Loan B,
1-Month LIBOR + 2.50%, 4.73% (B), 09/28/2023		3,999,798		3,994,798
Patriot Container Corp.
1st Lien Term Loan,
1-Month LIBOR + 3.50%, 5.73% (B), 03/20/2025		2,468,750		2,462,578
2nd Lien Term Loan,
1-Month LIBOR + 7.75%, 9.98% (B), 03/20/2026		2,500,000		2,375,000
Rexnord LLC
Term Loan B,
1-Month LIBOR + 2.00%, 4.23% (B), 08/21/2024		2,626,130		2,633,927

The notes are an integral part of this report. Transamerica Funds Page    8

Transamerica Floating Rate

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
LOAN ASSIGNMENTS (continued)
Machinery (continued)
Terex Corp.
Term Loan B,
2-Month LIBOR + 2.00%, 4.35% (B), 01/31/2024		$   1,696,272		$   1,691,502
Term Loan B1,
2-Month LIBOR + 2.75%, 5.10% (B), 01/31/2024		748,125		748,358
Welbilt, Inc.
Term Loan B,
1-Month LIBOR + 2.50%, 4.73% (B), 10/23/2025		1,250,000		1,238,541
				22,195,442
Media - 4.8%
A-L Parent LLC
1st Lien Term Loan,
1-Month LIBOR + 3.25%, 5.49% (B), 12/01/2023		2,130,128		2,134,122
Altice SA
Term Loan B12,
1-Month LIBOR + 3.69%, 6.01% (B), 01/31/2026		1,481,174		1,464,511
Charter Communications Operating LLC
Term Loan B,
3-Month LIBOR + 2.00%, 4.33% (B), 04/30/2025		1,970,000		1,973,940
Cogeco Communications II, LP
1st Lien Term Loan,
1-Month LIBOR + 2.25%, 4.48% (B), 01/03/2025		1,975,038		1,964,339
CSC Holdings LLC
1st Lien Term Loan,
1-Month LIBOR + 2.25%, 4.58% (B), 07/17/2025		1,949,502		1,930,820
Term Loan B,
1-Month LIBOR + 2.50%, 4.83% (B), 01/25/2026		987,500		978,613
Gray Television, Inc.
Term Loan B,
1-Month LIBOR + 2.25%, 4.58% (B), 02/07/2024		750,000		748,928
Liberty Cablevision of Puerto Rico LLC
1st Lien Term Loan,
1-Month LIBOR + 3.50%, 5.83% (B), 01/07/2022		2,597,959		2,574,143
MCC LLC
Term Loan M,
1-Week LIBOR + 2.00%, 4.35% (B), 01/15/2025		1,965,000		1,974,825
Mediacom LLC
Term Loan N,
1-Week LIBOR + 1.75%, 4.10% (B), 02/15/2024		490,047		490,353
Meredith Corp.
Term Loan B,
1-Month LIBOR + 2.75%, 4.98% (B), 01/31/2025		1,620,380		1,624,431
NASCAR Holdings, Inc.
Term Loan B,
TBD, 07/26/2026 (I) (J)		375,000		376,563
Nexstar Broadcasting, Inc.
Term Loan B4,
TBD, 06/19/2026 (I) (J)		2,000,000		1,996,250
PSAV Holdings LLC
1st Lien Term Loan,
1-Month LIBOR + 3.25%, 5.58% (B), 03/01/2025		1,198,068		1,168,117

	Principal		Value
LOAN ASSIGNMENTS (continued)
Media (continued)
PSAV Holdings LLC (continued)
3-Month LIBOR + 3.25%, 5.58% (B), 03/01/2025		$   73,260		$   71,428
1-Month LIBOR + 3.25%, 5.65% (B), 03/01/2025		1,192,459		1,162,648
2nd Lien Term Loan,
3-Month LIBOR + 7.25%, 9.83% (B), 09/01/2025		1,700,000		1,615,000
Quincy Newspapers, Inc.
Term Loan B,
1-Month LIBOR + 3.00%, 5.24% (B), 10/13/2022		765,159		759,099
Prime Rate + 2.00%, 7.50% (B), 10/13/2022		17,477		17,339
Sinclair Television Group, Inc.
Term Loan B,
TBD, 07/17/2026 (I) (J)		500,000		500,312
Term Loan B2,
1-Month LIBOR + 2.25%, 4.49% (B), 01/03/2024		1,177,424		1,174,480
				26,700,261
Multi-Utilities - 0.4%
Solenis Holdings LLC
1st Lien Term Loan,
3-Month LIBOR + 4.25%, 6.77% (B), 06/26/2025		2,506,570		2,458,409
Oil, Gas & Consumable Fuels - 3.2%
BCP Raptor LLC
Term Loan B,
1-Month LIBOR + 4.25%, 6.48% (B), 06/24/2024		1,263,715		1,198,317
California Resources Corp.
1st Lien Term Loan,
1-Month LIBOR + 4.75%, 6.99% (B), 12/31/2022		3,285,000		3,134,439
Citgo Petroleum Corp.
Term Loan B,
3-Month LIBOR + 4.50%, 6.82% (B), 07/29/2021		2,874,252		2,874,252
EG Group, Ltd.
Term Loan B,
3-Month LIBOR + 4.00%, 6.33% (B), 02/07/2025		1,977,475		1,953,992
Fieldwood Energy LLC
1st Lien Term Loan,
3-Month LIBOR + 5.25%, 7.51% (B), 04/11/2022		2,100,000		1,929,375
Medallion Midland Acquisition LLC
1st Lien Term Loan,
1-Month LIBOR + 3.25%, 5.48% (B), 10/30/2024		1,132,750		1,118,591
Phoenix Services International LLC
Term Loan,
1-Month LIBOR + 3.75%, 6.08% (B), 03/01/2025		1,578,409		1,570,517
PowerTeam Services LLC
1st Lien Term Loan,
3-Month LIBOR + 3.25%, 5.58% (B), 03/06/2025		1,652,893		1,549,587
Prairie ECI Acquiror, LP
Term Loan B,
3-Month LIBOR + 4.75%, 7.08% (B), 03/11/2026		2,275		2,280

The notes are an integral part of this report. Transamerica Funds Page    9

Transamerica Floating Rate

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
LOAN ASSIGNMENTS (continued)
Oil, Gas & Consumable Fuels (continued)
Southeast PowerGen LLC
Term Loan B,
1-Month LIBOR + 3.50%, 5.74% (B), 12/02/2021		$   465,185		$   444,252
Ultra Resources, Inc.
1st Lien Term Loan,
PIK Rate 0.25%, Cash Rate 6.02%, 04/12/2024 (P)		1,372,746		1,027,271
3-Month LIBOR + 3.75%, 6.02% (B), 04/12/2024		1,372,746		1,027,271
				17,830,144
Paper & Forest Products - 0.6%
Clearwater Paper Corp.
Term Loan B,
TBD, 07/24/2026 (I) (J)		620,000		623,100
Dunn Paper, Inc.
1st Lien Term Loan,
1-Month LIBOR + 4.75%, 6.99% (B), 08/31/2022		2,315,544		2,292,388
3-Month LIBOR + 4.75%, 7.27% (B), 08/31/2022		609,956		603,856
				3,519,344
Personal Products - 0.6%
Knowlton Development Corp., Inc.
Term Loan,
1-Month LIBOR + 4.25%, 6.48% (B), 12/11/2025		995,000		998,731
Revlon Consumer Products Corp.
Term Loan B,
3-Month LIBOR + 3.50%, 6.02% (B), 09/07/2023		2,903,750		2,413,742
				3,412,473
Pharmaceuticals - 1.0%
Akorn, Inc.
Term Loan B,
1-Month LIBOR + 7.00%, 9.25% (B), 04/16/2021		1,888,095		1,732,327
Alphabet Holding Co., Inc.
1st Lien Term Loan,
1-Month LIBOR + 3.50%, 5.73% (B), 09/26/2024		982,500		925,269
Amneal Pharmaceuticals LLC
Term Loan B,
1-Month LIBOR + 3.50%, 5.75% (B), 05/04/2025		989,769		908,113
Bausch Health Companies, Inc.
Term Loan B,
1-Month LIBOR + 3.00%, 5.38% (B), 06/02/2025		453,601		454,168
Endo Finance Co. I SARL
Term Loan B,
3-Month LIBOR + 4.25%, 6.50% (B), 04/29/2024		1,764,000		1,595,538
				5,615,415
Professional Services - 0.5%
Advantage Sales & Marketing, Inc.
1st Lien Term Loan,
3-Month LIBOR + 3.25%, 5.58% (B), 07/23/2021		1,471,728		1,359,509

	Principal		Value
LOAN ASSIGNMENTS (continued)
Professional Services (continued)
Advantage Sales & Marketing, Inc. (continued)
Term Loan B2,
3-Month LIBOR + 3.25%, 5.58% (B), 07/25/2021		$  492,462		$  454,912
Everi Payments, Inc.
Term Loan B,
1-Month LIBOR + 3.00%, 5.23% (B), 05/09/2024		951,682		952,665
				2,767,086
Real Estate Management & Development - 2.4%
Brookfield WEC Holdings, Inc.
1st Lien Term Loan,
1-Month LIBOR + 3.50%, 5.73% (B), 08/01/2025		1,741,250		1,748,506
CityCenter Holdings LLC
Term Loan B,
1-Month LIBOR + 2.25%, 4.48% (B), 04/18/2024		1,951,301		1,952,764
DTZ Borrower LLC
Term Loan B,
1-Month LIBOR + 3.25%, 5.48% (B), 08/21/2025		3,473,750		3,483,883
RE/MAX International, Inc.
Term Loan B,
1-Month LIBOR + 2.75%, 4.98% (B), 12/15/2023		2,460,958		2,442,501
Realogy Group LLC
Term Loan A,
1-Month LIBOR + 2.25%, 4.52% (B), 02/01/2023		968,750		942,109
Trico Group LLC
Term Loan,
3-Month LIBOR + 7.00%, 9.33% (B), 02/02/2024		2,912,801		2,789,007
				13,358,770
Road & Rail - 0.5%
Fly Funding II SARL
Term Loan B,
3-Month LIBOR + 2.00%, 4.56% (B), 02/09/2023		1,422,794		1,422,794
SIRVA Worldwide, Inc.
1st Lien Term Loan,
1-Month LIBOR + 5.50%, 7.73% (B), 08/04/2025		948,276		915,086
3-Month LIBOR + 5.50%, 7.76% (B), 08/04/2025		248,276		239,586
3-Month LIBOR + 5.50%, 7.83% (B), 08/04/2025		32,974		31,820
3-Month LIBOR + 5.50%, 8.02% (B), 08/04/2025		251,724		242,914
				2,852,200
Semiconductors & Semiconductor Equipment - 0.1%
Microchip Technology, Inc.
Term Loan B,
1-Month LIBOR + 2.00%, 4.24% (B), 05/29/2025		574,892		574,352
Software - 4.6%
Almonde, Inc.
1st Lien Term Loan,
1-Month LIBOR + 3.50%, 5.73% (B), 06/13/2024		3,267,412		3,203,698

The notes are an integral part of this report. Transamerica Funds Page    10

Transamerica Floating Rate

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
LOAN ASSIGNMENTS (continued)
Software (continued)
Avaya, Inc.
Term Loan B,
1-Month LIBOR + 4.25%, 6.58% (B), 12/15/2024		$   4,432,500		$   4,263,511
Ceridian HCM Holding, Inc.
Term Loan B,
1-Month LIBOR + 3.00%, 5.23% (B), 04/30/2025		1,240,625		1,245,795
Infor, Inc.
Term Loan B6,
3-Month LIBOR + 2.75%, 5.08% (B), 02/01/2022		1,366,288		1,367,996
MA FinanceCo. LLC
Term Loan B2,
1-Month LIBOR + 2.25%, 4.48% (B), 11/19/2021		3,920,899		3,898,029
Term Loan B3,
1-Month LIBOR + 2.50%, 4.73% (B), 06/21/2024		184,981		183,478
Quest Software Holdings, Inc.
1st Lien Term Loan,
3-Month LIBOR + 4.25%, 6.51% (B), 05/16/2025		1,845,205		1,815,795
Seattle Spinco, Inc.
Term Loan B3,
1-Month LIBOR + 2.50%, 4.73% (B), 06/21/2024		1,249,221		1,239,071
Solera LLC
Term Loan B,
1-Month LIBOR + 2.75%, 4.98% (B), 03/03/2023		1,892,717		1,884,673
SS&C Technologies Holdings SARL
Term Loan B4,
1-Month LIBOR + 2.25%, 4.48% (B), 04/16/2025		1,404,417		1,403,100
SS&C Technologies, Inc.
Term Loan B3,
1-Month LIBOR + 2.25%, 4.48% (B), 04/16/2025		2,062,780		2,060,845
Term Loan B5,
1-Month LIBOR + 2.25%, 4.48% (B), 04/16/2025		1,538,226		1,537,264
Ultimate Software Group, Inc.
Term Loan B,
3-Month LIBOR + 3.75%, 6.08% (B), 05/04/2026		1,250,000		1,258,985
Wall Street Systems, Inc.
Term Loan B,
3-Month LIBOR + 3.00%, 5.65% (B), 11/21/2024		600,000		583,500
				25,945,740
Specialty Retail - 1.4%
Apro LLC
Term Loan B,
2-Month LIBOR + 4.00%, 6.30% (B), 08/08/2024		665,164		663,501
Bass Pro Group LLC
Term Loan B,
1-Month LIBOR + 5.00%, 7.23% (B), 09/25/2024		1,845,873		1,744,350
Men’s Wearhouse, Inc.
Term Loan B2,
1-Month LIBOR + 3.25%, 5.65% (B), 04/09/2025		977,167		855,021

	Principal		Value
LOAN ASSIGNMENTS (continued)
Specialty Retail (continued)
PetSmart, Inc.
Term Loan,
1-Month LIBOR + 4.00%, 6.38% (B), 03/11/2022		$   1,515,927		$   1,487,977
Staples, Inc.
Term Loan B2,
1-Month LIBOR + 4.50%, 6.83% (B), 09/12/2024		1,800,000		1,773,000
Wink Holdco, Inc.
1st Lien Term Loan B,
1-Month LIBOR + 3.00%, 5.23% (B), 12/02/2024		493,734		485,711
2nd Lien Term Loan B,
1-Month LIBOR + 6.75%, 8.99% (B), 11/03/2025		1,050,000		1,042,781
				8,052,341
Technology Hardware, Storage & Peripherals - 0.4%
Dell International LLC
Term Loan B,
1-Month LIBOR + 2.00%, 4.24% (B), 09/07/2023		895,216		897,454
Diebold, Inc.
Term Loan B,
1-Month LIBOR + 2.75%, 5.13% (B), 11/06/2023		1,651,594		1,556,627
				2,454,081
Textiles, Apparel & Luxury Goods - 0.8%
Augusta Sportswear Group, Inc.
Term Loan B,
1-Month LIBOR + 4.50%, 6.73% (B), 10/26/2023 (J)		1,581,567		1,559,820
1-Month LIBOR + 4.50%, 6.77% (B), 10/26/2023		206,891		204,046
Kontoor Brands, Inc.
Term Loan B,
3-Month LIBOR + 4.25%, 6.80% (B), 05/15/2026		675,000		678,375
Varsity Brands, Inc.
Term Loan B,
1-Month LIBOR + 3.50%, 5.73% (B), 12/15/2024		1,951,417		1,918,082
				4,360,323
Trading Companies & Distributors - 0.9%
LBM Borrower LLC
1st Lien Term Loan,
1-Month LIBOR + 3.75%, 5.98% (B), 08/20/2022		1,440,495		1,440,495
Utility One Source LP
Term Loan B,
3-Month LIBOR + 5.50%, 7.83% (B), 04/18/2023		1,167,728		1,173,567
Wesco Aircraft Hardware Corp.
Term Loan A,
1-Month LIBOR + 3.00%, 5.24% (B), 11/30/2020		1,746,835		1,731,551
Term Loan B,
1-Month LIBOR + 2.50%, 4.74% (B), 02/28/2021		414,697		410,550
				4,756,163

The notes are an integral part of this report. Transamerica Funds Page    11

Transamerica Floating Rate

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
LOAN ASSIGNMENTS (continued)
Wireless Telecommunication Services - 0.8%
Digicel International Finance, Ltd.
Term Loan B,
3-Month LIBOR + 3.25%, 5.78% (B), 05/28/2024		$   2,358,624		$   2,013,676
Sprint Communications, Inc.
1st Lien Term Loan B,
1-Month LIBOR + 2.50%, 4.75% (B), 02/02/2024		2,507,398		2,499,041
				4,512,717
Total Loan Assignments (Cost $497,751,551)				486,854,654
	Shares		Value
COMMON STOCKS - 0.1%
Health Care Providers & Services - 0.0% (K)
Valitas Holdings, Inc. (E)		21,887		10,943
Household Durables - 0.1%
API Heat Transfer Intermediate Corp.		889,572		257,976
Software - 0.0% (K)
Avaya Holdings Corp. (L)		66		795
Total Common Stocks (Cost $317,493)				269,714
PREFERRED STOCK - 0.0% (K)
Household Durables - 0.0% (K)
API Heat Transfer Intermediate Corp.,
0.00%		193,641		151,040
Total Preferred Stock (Cost $193,641)				151,040
EXCHANGE-TRADED FUNDS - 0.6%
U.S. Equity Fund - 0.3%
Invesco Senior Loan ETF (C)		89,000		2,030,980
U.S. Fixed Income Fund - 0.3%
SPDR Blackstone / GSO Senior Loan ETF (C)		34,000		1,579,980
Total Exchange-Traded Funds (Cost $3,596,220)				3,610,960
OTHER INVESTMENT COMPANY - 1.0%
Securities Lending Collateral - 1.0%
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 2.32% (M)		5,461,437		5,461,437
Total Other Investment Company (Cost $5,461,437)				5,461,437

	Principal		Value
REPURCHASE AGREEMENT - 5.2%
Fixed Income Clearing Corp., 1.45% (M), dated 07/31/2019, to be repurchased at $28,956,226 on 08/01/2019. Collateralized by a U.S. Government Obligation, 2.50%, due 02/28/2021, and with a value of $29,535,521.		$  28,955,060		$   28,955,060
Total Repurchase Agreement (Cost $28,955,060)				28,955,060
Total Investments (Cost $587,035,786)				576,386,982
Net Other Assets (Liabilities) - (2.6)%				(14,507,968	)
Net Assets - 100.0%				$  561,879,014

The notes are an integral part of this report. Transamerica Funds Page    12

Transamerica Floating Rate

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

SECURITY VALUATION:

Valuation Inputs ^(N)

	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs (O)		Value
ASSETS
Investments
Corporate Debt Securities	$	—	$	51,084,117	$	0	$	51,084,117
Loan Assignments		—		486,854,654		—		486,854,654
Common Stocks		795		257,976		10,943		269,714
Preferred Stock		—		151,040		—		151,040
Exchange-Traded Funds		3,610,960		—		—		3,610,960
Other Investment Company		5,461,437		—		—		5,461,437
Repurchase Agreement		—		28,955,060		—		28,955,060
Total Investments	$	9,073,192	$	567,302,847	$	10,943	$	576,386,982

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	Securities are registered pursuant to Rule 144A of the Securities Act of 1933. Unless otherwise indicated, the securities are deemed to be liquid for purposes of compliance limitations on holdings of illiquid securities and may be resold as transactions exempt from registration, normally to qualified institutional buyers. At July 31, 2019, the total value of 144A securities is $38,633,565, representing 6.9% of the Fund’s net assets.
(B)	Floating or variable rate securities. The rates disclosed are as of July 31, 2019. For securities based on a published reference rate and spread, the reference rate and spread are indicated within the description. Variable rate securities with a floor or ceiling feature are disclosed at the inherent rate, where applicable. Certain variable rate securities are not based on a published reference rate and spread, but are determined by the issuer or agent and are based on current market conditions; these securities do not indicate a reference rate and spread in the description.
(C)	All or a portion of the securities are on loan. The total value of all securities on loan is $5,336,071. The amount of securities on loan indicated may not correspond with the securities on loan identified because securities with pending sales are in the process of recall from the brokers.
(D)	Rounds to less than $1 or $(1).
(E)	Securities are Level 3 of the fair value hierarchy.
(F)	Fair valued as determined in good faith in accordance with procedures established by the Board. At July 31, 2019, the value of the security is $0, representing less than 0.1% of the Fund’s net assets.
(G)	Escrow position. Position represents remaining escrow balance expected to be received upon finalization of restructuring.
(H)	Fixed rate loan commitment at July 31, 2019.
(I)	All or a portion of the security represents unsettled loan commitments at July 31, 2019 where the rate will be determined at time of settlement.
(J)	When-issued, delayed-delivery and/or forward commitment (including TBAs) securities. Securities to be settled and delivered after July 31, 2019. Securities may display a coupon rate of 0.00%, as the rate is to be determined at time of settlement.
(K)	Percentage rounds to less than 0.1% or (0.1)%.
(L)	Non-income producing security.
(M)	Rates disclosed reflect the yields at July 31, 2019.
(N)	There were no transfers in or out of Level 3 during the period ended July 31, 2019. Please reference the Security Valuation section of the Notes to Schedules of Investments for more information regarding security valuation and pricing inputs.
(O)	Level 3 securities were not considered significant to the Fund.
(P)	Payment in-kind. Security pays interest or dividends in the form of additional bonds or preferred stock. If the security makes a cash payment in addition to in-kind, the cash rate is disclosed separately.

PORTFOLIO ABBREVIATIONS:

LIBOR	London Interbank Offered Rate
PIK	Payment in-kind
Prime Rate	Interest rate charged by banks to their most credit worthy customers.
TBD	To Be Determined

The notes are an integral part of this report. Transamerica Funds Page    13

Transamerica Global Equity

SCHEDULE OF INVESTMENTS

At July 31, 2019

(unaudited)

	Shares		Value
COMMON STOCKS - 99.6%
Australia - 0.7%
Treasury Wine Estates, Ltd. (A)		62,234		$  748,299
Canada - 1.0%
Intact Financial Corp.		11,966		1,115,364
China - 3.7%
BeiGene, Ltd., ADR (B)		4,537		623,112
Shenzhou International Group Holdings, Ltd.		80,800		1,112,400
Tencent Holdings, Ltd.		48,600		2,264,418
				3,999,930
France - 6.6%
Airbus SE		15,890		2,246,224
Cie de Saint-Gobain		26,577		1,018,128
Safran SA		9,433		1,354,210
TOTAL SA		49,138		2,546,831
				7,165,393
Germany - 5.4%
Continental AG		7,862		1,077,915
HeidelbergCement AG		22,937		1,656,451
KION Group AG		13,452		717,017
Vonovia SE		47,797		2,333,655
				5,785,038
India - 0.9%
ICICI Bank, Ltd., ADR		80,496		982,856
Indonesia - 0.9%
Bank Rakyat Indonesia Persero Tbk PT		3,095,000		980,737
Ireland - 1.9%
Medtronic PLC		20,182		2,057,353
Japan - 9.2%
Amada Holdings Co., Ltd.		91,323		1,004,061
Kansai Electric Power Co., Inc.		105,200		1,299,176
KDDI Corp.		98,500		2,570,012
Kyocera Corp.		27,700		1,688,239
Mitsubishi Electric Corp.		86,400		1,128,447
Sony Corp.		40,400		2,297,706
				9,987,641
Mexico - 0.5%
Cemex SAB de CV, ADR		163,772		583,028
Netherlands - 2.7%
ABN AMRO Bank NV, CVA (C)		50,442		1,009,722
ING Groep NV		173,684		1,927,153
				2,936,875
Republic of Korea - 2.5%
KB Financial Group, Inc.		20,060		733,028
Samsung Electronics Co., Ltd.		50,723		1,921,119
				2,654,147
Sweden - 1.3%
Swedbank AB, Class A		101,381		1,380,579

	Shares		Value
COMMON STOCKS (continued)
Switzerland - 3.3%
Novartis AG, ADR		26,151		$   2,394,909
TE Connectivity, Ltd.		12,885		1,190,574
				3,585,483
United Kingdom - 5.9%
BP PLC, ADR		35,783		1,422,017
Compass Group PLC		72,332		1,830,036
Lloyds Banking Group PLC		2,868,283		1,855,445
Prudential PLC		63,524		1,306,957
				6,414,455
United States - 53.1%
Alnylam Pharmaceuticals, Inc. (B)		7,974		618,703
Alphabet, Inc., Class C (B)		3,712		4,516,316
Amazon.com, Inc. (B)		1,903		3,552,482
Becton Dickinson and Co.		5,750		1,453,600
Biogen, Inc. (B)		3,790		901,338
Cerner Corp.		22,789		1,632,832
Comcast Corp., Class A		82,366		3,555,740
Comerica, Inc.		23,112		1,691,798
Convetrus, Inc. (A) (B)		24,061		569,524
CVS Health Corp.		30,571		1,708,002
Deere & Co.		6,879		1,139,506
DexCom, Inc. (B)		3,957		620,735
EOG Resources, Inc.		15,681		1,346,214
Facebook, Inc., Class A (B)		23,239		4,513,711
Foot Locker, Inc.		24,091		989,176
Illumina, Inc. (B)		3,291		985,260
JPMorgan Chase & Co.		26,073		3,024,468
Kinder Morgan, Inc.		61,396		1,265,986
Lamb Weston Holdings, Inc.		15,904		1,067,476
Microsoft Corp.		21,809		2,971,912
Neurocrine Biosciences, Inc. (B)		5,968		575,256
Plains GP Holdings, LP, Class A (B)		37,398		903,536
Progressive Corp.		13,508		1,093,878
Regeneron Pharmaceuticals, Inc. (B)		3,478		1,059,955
Reinsurance Group of America, Inc.		13,845		2,158,712
Royal Caribbean Cruises, Ltd.		27,228		3,167,705
Southwest Airlines Co.		57,045		2,939,529
Square, Inc., Class A (B)		7,486		601,949
United Airlines Holdings, Inc. (B)		14,625		1,344,184
Visa, Inc., Class A		15,632		2,782,496
Wells Fargo & Co.		54,080		2,618,013
				57,369,992
Total Common Stocks (Cost $91,159,880)				107,747,170
OTHER INVESTMENT COMPANY - 1.3%
Securities Lending Collateral - 1.3%
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 2.32% (D)		1,355,258		1,355,258
Total Other Investment Company (Cost $1,355,258)				1,355,258

The notes are an integral part of this report. Transamerica Funds Page    1

Transamerica Global Equity

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
REPURCHASE AGREEMENT - 0.5%
Fixed Income Clearing Corp., 1.45% (D), dated 07/31/2019, to be repurchased at $490,178 on 08/01/2019. Collateralized by a U.S. Government Obligation, 2.50%, due 02/28/2021, and with a value of $504,576.		$  490,158		$  490,158
Total Repurchase Agreement (Cost $490,158)				490,158
Total Investments (Cost $93,005,296)				109,592,586
Net Other Assets (Liabilities) - (1.4)%				(1,463,338	)
Net Assets - 100.0%				$  108,129,248

INVESTMENTS BY INDUSTRY:

Industry	Percentage of Total Investments			Value
Banks		14.8	%		$    16,203,799
Interactive Media & Services		10.3			11,294,445
Oil, Gas & Consumable Fuels		6.8			7,484,584
Insurance		5.2			5,674,911
Hotels, Restaurants & Leisure		4.6			4,997,741
Airlines		3.9			4,283,713
Health Care Equipment & Supplies		3.8			4,131,688
Biotechnology		3.5			3,778,364
Aerospace & Defense		3.3			3,600,434
Media		3.2			3,555,740
Internet & Direct Marketing Retail		3.2			3,552,482
IT Services		3.1			3,384,445
Software		2.7			2,971,912
Electronic Equipment, Instruments & Components		2.6			2,878,813
Machinery		2.6			2,860,584
Wireless Telecommunication Services		2.3			2,570,012
Pharmaceuticals		2.2			2,394,909
Real Estate Management & Development		2.1			2,333,655
Household Durables		2.1			2,297,706
Health Care Providers & Services		2.1			2,277,526
Construction Materials		2.0			2,239,479
Technology Hardware, Storage & Peripherals		1.8			1,921,119
Health Care Technology		1.5			1,632,832
Electric Utilities		1.2			1,299,176
Electrical Equipment		1.0			1,128,447
Textiles, Apparel & Luxury Goods		1.0			1,112,400
Auto Components		1.0			1,077,915
Food Products		1.0			1,067,476
Building Products		0.9			1,018,128
Specialty Retail		0.9			989,176
Life Sciences Tools & Services		0.9			985,260
Beverages		0.7			748,299
Investments		98.3			107,747,170
Short-Term Investments		1.7			1,845,416
Total Investments		100.0	%		$    109,592,586

The notes are an integral part of this report. Transamerica Funds Page    2

Transamerica Global Equity

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

SECURITY VALUATION:

Valuation Inputs ^(E)

	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Common Stocks	$	67,739,205	$	40,007,965	$	—	$	107,747,170
Other Investment Company		1,355,258		—		—		1,355,258
Repurchase Agreement		—		490,158		—		490,158
Total Investments	$	69,094,463	$	40,498,123	$	—	$	109,592,586

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	All or a portion of the securities are on loan. The total value of all securities on loan is $1,302,051. 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.
(B)	Non-income producing securities.
(C)	Security is registered pursuant to Rule 144A of the Securities Act of 1933. Unless otherwise indicated, the security is deemed to be liquid for purposes of compliance limitations on holdings of illiquid securities and may be resold as transactions exempt from registration, normally to qualified institutional buyers. At July 31, 2019, the value of the 144A security is $1,009,722, representing 0.9% of the Fund’s net assets.
(D)	Rates disclosed reflect the yields at July 31, 2019.
(E)	There were no transfers in or out of Level 3 during the period ended July 31, 2019. Please reference the Security Valuation section of the Notes to Schedules of Investments for more information regarding security valuation and pricing inputs.

PORTFOLIO ABBREVIATIONS:

ADR	American Depositary Receipt
CVA	Commanditaire Vennootschap op Aandelen (Dutch Certificate)

The notes are an integral part of this report. Transamerica Funds Page    3

Transamerica Global Multifactor Macro

CONSOLIDATED SCHEDULE OF INVESTMENTS

At July 31, 2019

(unaudited)

	Shares		Value
SHORT-TERM INVESTMENT COMPANIES - 90.5%
Money Market Funds - 90.5%
BlackRock Liquidity Funds T-Fund Portfolio		6,846,085		$  6,846,085
Dreyfus Treasury & Agency Cash Management		28,054,226		28,054,226
UBS Select Treasury Preferred		34,798,681		34,798,681
Total Short-Term Investment Companies (Cost $69,698,992)				69,698,992
Total Investments (Cost $69,698,992)				69,698,992
Net Other Assets (Liabilities) - 9.5%				7,274,618
Net Assets - 100.0%				$  76,973,610

The notes are an integral part of this report. Transamerica Funds Page    1

Transamerica Global Multifactor Macro

CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

CENTRALLY CLEARED SWAP AGREEMENTS:

Interest Rate Swap Agreements

Floating Rate Index	Pay/Receive Fixed Rate	Fixed Rate	Payment Frequency	Maturity Date		Notional Amount			Value				Premiums Paid (Received)				Net Unrealized Appreciation (Depreciation)
3-Month AUD-BBR-BBSW	Receive	1.00%	Quarterly		12/09/2021		AUD	65,400,000		$	181,632			$	(32,685	)		$	214,317
3-Month AUD-BBR-BBSW	Receive	1.50	Quarterly		09/09/2021		AUD	17,000,000			155,419				83,417				72,002
3-Month CAD-CDOR	Pay	2.25	Semi-Annually/ Quarterly		12/16/2021		CAD	19,000,000			(120,384	)			(156,048	)			35,664
3-Month CAD-CDOR	Pay	2.50	Semi-Annually/ Quarterly		09/16/2021		CAD	12,700,000			(122,720	)			(108,384	)			(14,336	)
3-Month CAD-CDOR	Receive	2.50	Semi-Annually/ Quarterly		12/17/2029		CAD	1,100,000			44,063				48,022				(3,959	)
3-Month CAD-CDOR	Receive	2.75	Semi-Annually/ Quarterly		09/17/2029		CAD	2,700,000			157,133				57,320				99,813
3-Month NZD-BKBM	Pay	1.50	Semi-Annually/ Quarterly		12/15/2021		NZD	26,900,000			(109,835	)			(48,779	)			(61,056	)
3-Month NZD-BKBM	Pay	2.00	Semi-Annually/ Quarterly		09/15/2021		NZD	1,300,000			(13,219	)			(11,978	)			(1,241	)
3-Month NZD-BKBM	Pay	2.50	Semi-Annually/ Quarterly		09/12/2029		NZD	1,900,000			(97,863	)			2,706				(100,569	)
3-Month SEK-STIBOR-SIDE	Pay	0.00	Annually/Quarterly		12/15/2021		SEK	560,700,000			(192,993	)			30,638				(223,631	)
3-Month SEK-STIBOR-SIDE	Receive	0.50	Annually/Quarterly		12/19/2029		SEK	3,300,000			2,246				(1,194	)			3,440
3-Month SEK-STIBOR-SIDE	Pay	1.00	Annually/Quarterly		09/15/2021		SEK	964,900,000			(316,691	)			297,052				(613,743	)
3-Month SEK-STIBOR-SIDE	Receive	1.00	Annually/Quarterly		09/19/2029		SEK	164,800,000			1,012,485				(11,241	)			1,023,726
3-Month SEK-STIBOR-SIDE	Receive	1.00	Annually/Quarterly		12/19/2029		SEK	16,800,000			97,511				49,496				48,015
3-Month USD-LIBOR	Receive	2.50	Semi-Annually/ Quarterly		12/20/2021		USD	113,800,000			1,512,527				1,561,538				(49,011	)
3-Month USD-LIBOR	Pay	2.75	Semi-Annually/ Quarterly		12/18/2029		USD	12,900,000			(941,196	)			(815,851	)			(125,345	)
3-Month USD-LIBOR	Receive	3.00	Semi-Annually/ Quarterly		09/20/2021		USD	28,600,000			622,595				690,118				(67,523	)
3-Month USD-LIBOR	Pay	3.00	Semi-Annually/ Quarterly		09/18/2029		USD	1,700,000			(163,622	)			(160,101	)			(3,521	)
6-Month AUD-BBR-BBSW	Pay	1.50	Semi-Annually		12/13/2029		AUD	3,400,000			(12,486	)			23,216				(35,702	)
6-Month AUD-BBR-BBSW	Pay	2.00	Semi-Annually		09/13/2029		AUD	3,600,000			(137,267	)			(2,714	)			(134,553	)
6-Month AUD-BBR-BBSW	Pay	2.00	Semi-Annually		12/13/2029		AUD	6,500,000			(235,962	)			(78,015	)			(157,947	)
6-Month CHF-LIBOR	Receive	0.50	Semi-Annually/ Annually		09/19/2029		CHF	4,900,000			427,501				104,849				322,652
6-Month CHF-LIBOR	Pay	1.00	Semi-Annually/ Annually		09/15/2021		CHF	27,500,000			(193,067	)			(670	)			(192,397	)

The notes are an integral part of this report. Transamerica Funds Page    2

Transamerica Global Multifactor Macro

CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

CENTRALLY CLEARED SWAP AGREEMENTS (continued):

Interest Rate Swap Agreements (continued)

Floating Rate Index	Pay/Receive Fixed Rate		Fixed Rate			Payment Frequency		Maturity Date		Notional Amount			Value				Premiums Paid (Received)				Net Unrealized Appreciation (Depreciation)
6-Month CHF-LIBOR		Pay		1.00	%		Semi-Annually/ Annually		12/15/2021		CHF	4,800,000		$	13,999			$	19,641			$	(5,642	)
6-Month EUR-EURIBOR		Receive		0.00			Semi-Annually		09/20/2021		EUR	3,300,000			33,588				28,050				5,538
6-Month EUR-EURIBOR		Pay		0.75			Semi-Annually/ Annually		12/18/2029		EUR	5,000,000			(392,966	)			(293,142	)			(99,824	)
6-Month EUR-EURIBOR		Receive		1.00			Semi-Annually/ Annually		12/20/2021		EUR	28,500,000			296,161				263,763				32,398
6-Month EUR-EURIBOR		Pay		1.00			Semi-Annually/ Annually		09/18/2029		EUR	600,000			(65,950	)			(53,091	)			(12,859	)
6-Month GBP-LIBOR		Receive		1.25			Semi-Annually		09/20/2021		GBP	38,900,000			557,569				93,353				464,216
6-Month GBP-LIBOR		Pay		1.25			Semi-Annually		12/20/2021		GBP	53,700,000			(802,006	)			(570,669	)			(231,337	)
6-Month GBP-LIBOR		Pay		1.50			Semi-Annually		09/18/2029		GBP	5,300,000			(409,600	)			(39,388	)			(370,212	)
6-Month GBP-LIBOR		Pay		1.50			Semi-Annually		12/18/2029		GBP	2,200,000			(167,313	)			(99,879	)			(67,434	)
6-Month JPY-LIBOR		Receive		0.00			Semi-Annually		09/15/2021		JPY	9,566,500,000			179,275				71,196				108,079
6-Month JPY-LIBOR		Receive		0.00			Semi-Annually		12/15/2021		JPY	4,558,500,000			95,169				61,009				34,160
6-Month JPY-LIBOR		Pay		0.00			Semi-Annually		09/19/2029		JPY	1,820,000,000			28,430				240,231				(211,801	)
6-Month JPY-LIBOR		Pay		0.00			Semi-Annually		12/19/2029		JPY	838,000,000			19,729				81,666				(61,937	)
6-Month NOK-NIBOR		Receive		1.50			Semi-Annually/ Annually		09/15/2021		NOK	281,900,000			(197,206	)			(86,275	)			(110,931	)
6-Month NOK-NIBOR		Receive		2.00			Semi-Annually/ Annually		12/15/2021		NOK	11,300,000			4,662				6,506				(1,844	)
6-Month NOK-NIBOR		Pay		2.00			Semi-Annually/ Annually		09/19/2029		NOK	60,800,000			(132,404	)			23,612				(156,016	)
6-Month NOK-NIBOR		Pay		2.00			Semi-Annually/ Annually		12/19/2029		NOK	2,400,000			(5,075	)			(3,161	)			(1,914	)
Total														$	611,869			$	1,264,134			$	(652,265	)

OVER-THE-COUNTER SWAP AGREEMENTS:

Total Return Swap Agreements ^(A)

Reference Entity	Counterparty	Pay/ Receive	Payment Frequency	Maturity Date		Notional Amount			Number of Shares or Units		Value				Premiums Paid (Received)			Net Unrealized Appreciation (Depreciation)
2-Year U.S. Treasury Note Futures	MLI	Receive	Maturity		09/30/2019		USD	12,027,215		112,000		$	17,403			$	—		$	17,403
10-Year Canada Government Bond Futures	MLI	Receive	Maturity		09/19/2019		CAD	6,771,857		48,000			(60,360	)			—			(60,360	)
10-Year Euro Bund Futures	MLI	Pay	Maturity		09/06/2019		EUR	14,335,721		84,000			409,766				—			409,766
10-Year Japan Government Bond Futures	MLI	Receive	Maturity		09/12/2019		JPY	306,703,300		2,000,000			(8,794	)			—			(8,794	)
10-Year U.K. Gilt Futures	MLI	Receive	Maturity		09/26/2019		GBP	6,511,963		50,000			(157,530	)			—			(157,530	)
10-Year U.S. Treasury Note Futures	MLI	Receive	Maturity		09/19/2019		USD	5,336,799		42,000			(18,857	)			—			(18,857	)
BIST 30 Index Futures	MLI	Pay	Maturity		08/29/2019		TRY	1,490,962		11,800			8,663				—			8,663
BM&F Bovespa Index Futures	MLI	Receive	Maturity		08/14/2019		BRL	496,327		5			(3,596	)			—			(3,596	)
FTSE/JSE Top 40 Index Futures	MLI	Receive	Maturity		09/19/2019		ZAR	2,236,951		200			6,494				—			6,494
Heating Oil ULSD Futures	CITI	Pay	Maturity		08/29/2019		USD	83,471		42,000			(1,520	)			—			(1,520	)
HSCEI China Index Futures	MLI	Pay	Maturity		08/29/2019		HKD	4,877,832		450			(9,349	)			—			(9,349	)
HSCEI China Index Futures	GSI	Pay	Maturity		08/29/2019		HKD	22,216,102		2,050			(41,932	)			—			(41,932	)
KOSPI 200 Index Futures	GSI	Pay	Maturity		09/11/2019		KRW	477,977,875		1,750,000			(11,878	)			—			(11,878	)
KOSPI 200 Index Futures	MLI	Pay	Maturity		09/11/2019		KRW	817,988,456		3,000,000			(19,177	)			—			(19,177	)
MSCI Brazil Index Futures	GSI	Receive	Monthly		09/18/2019		BRL	894,979		773			5,136				—			5,136

The notes are an integral part of this report. Transamerica Funds Page    3

Transamerica Global Multifactor Macro

CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

OVER-THE-COUNTER SWAP AGREEMENTS (continued):

Total Return Swap Agreements (continued) ^(A)

Reference Entity	Counterparty		Pay/ Receive		Payment Frequency		Maturity Date		Notional Amount			Number of Shares or Units		Value				Premiums Paid (Received)			Net Unrealized Appreciation (Depreciation)
MSCI Italy Index Futures		MLI		Pay		Maturity/ Monthly		09/18/2019		EUR	296,800		2,737		$	(9,752	)		$	—		$	(9,752	)
MSCI South Africa Index Futures		GSI		Receive		Monthly		09/18/2019		ZAR	9,051,497		9,070			9,189				—			9,189
MSCI Spain Index Futures		MLI		Receive		Maturity/ Monthly		09/18/2019		EUR	436,045		2,171			16,054				—			16,054
MSCI Thailand Index Futures		GSI		Receive		Monthly		09/18/2019		USD	7,411		5			55				—			55
Natural Gas Futures		CITI		Receive		Maturity		08/28/2019		USD	1,302,020		540,000			93,500				—			93,500
SGX CNX Nifty Index Futures		MLI		Receive		Maturity		08/29/2019		USD	113,758		10			3,278				—			3,278
Soybean Futures		CITI		Receive		Maturity		10/25/2019		USD	44,097		5,000			22				—			22
Soybean Meal Futures		MLI		Receive		Maturity		11/22/2019		USD	162,110		500			9,410				—			9,410
Soybean Meal Futures		CITI		Receive		Maturity		11/22/2019		USD	421,946		1,300			24,926				—			24,926
Soybean Oil Futures		CITI		Receive		Maturity		11/22/2019		USD	405,765		1,440,000			(747	)			—			(747	)
Swiss Market Index Futures		MLI		Pay		Maturity		09/20/2019		CHF	3,178,240		320			(7,079	)			—			(7,079	)
TAIEX Futures		MLI		Pay		Maturity		08/21/2019		TWD	17,141,425		1,600			4,960				—			4,960
Wheat Futures		CITI		Receive		Maturity		08/23/2019		USD	157,730		30,000			11,555				—			11,555
WIG 20 Index Futures		MLI		Pay		Maturity		09/20/2019		PLN	456,685		200			(744	)			—			(744	)
Total															$	269,096			$	—		$	269,096

	Value
OTC Swap Agreements, at value (Assets)		$	620,411
OTC Swap Agreements, at value (Liabilities)		$	(351,315	)

FUTURES CONTRACTS:

Long Futures Contracts:

Description	Number of Contracts		Expiration Date		Notional Amount			Value			Unrealized Appreciation			Unrealized Depreciation
3-Month Aluminum		7		08/08/2019		$	317,122		$	310,576		$	—		$	(6,546	)
3-Month Aluminum		5		08/09/2019			226,845			221,912			—			(4,933	)
3-Month Aluminum		7		08/29/2019			315,131			312,319			—			(2,812	)
3-Month Aluminum		5		09/03/2019			223,480			223,276			—			(204	)
3-Month Aluminum		5		09/19/2019			222,512			223,719			1,207			—
3-Month Aluminum		1		10/10/2019			45,930			44,894			—			(1,036	)
3-Month Aluminum		3		10/11/2019			136,631			134,681			—			(1,950	)
3-Month Aluminum		9		10/17/2019			413,946			403,988			—			(9,958	)
3-Month Aluminum		2		10/24/2019			91,375			89,849			—			(1,526	)
3-Month Copper		1		08/08/2019			154,797			147,685			—			(7,112	)
3-Month Copper		1		08/09/2019			154,253			147,706			—			(6,547	)
3-Month Copper		1		08/29/2019			147,510			147,950			440			—
3-Month Copper		1		09/03/2019			145,962			148,006			2,044			—
3-Month Copper		2		09/19/2019			296,705			296,037			—			(668	)
3-Month Copper		1		09/26/2019			150,330			148,068			—			(2,262	)
3-Month Copper		1		10/11/2019			148,722			148,206			—			(516	)
3-Month Copper		3		10/17/2019			446,006			444,375			—			(1,631	)
3-Month Copper		1		10/24/2019			149,803			148,125			—			(1,678	)
3-Month Nickel		2		08/08/2019			144,408			173,530			29,122			—
3-Month Nickel		2		08/09/2019			143,765			173,548			29,783			—
3-Month Nickel		1		10/10/2019			77,388			87,101			9,713			—
3-Month Nickel		1		10/11/2019			79,499			87,096			7,597			—
3-Month Nickel		2		10/17/2019			170,640			174,065			3,425			—
3-Month Zinc		1		08/08/2019			67,328			61,069			—			(6,259	)
3-Month Zinc		2		08/09/2019			131,856			122,149			—			(9,707	)
3-Month Zinc		1		09/03/2019			61,975			61,163			—			(812	)
3-Month Zinc		2		10/17/2019			123,390			122,238			—			(1,152	)
10-Year Australia Treasury Bond		79		09/16/2019			7,711,578			7,845,480			133,902			—
10-Year Japan Government Bond		7		09/12/2019			9,872,903			9,896,130			23,227			—
Aluminum		25		09/18/2019			1,135,708			1,118,906			—			(16,802	)
CAC 40 Index		90		08/16/2019			5,566,142			5,498,084			—			(68,058	)
Copper		7		09/18/2019			1,039,465			1,036,306			—			(3,159	)
EURO STOXX 50® Index		340		09/20/2019			12,811,679			13,030,281			218,602			—

The notes are an integral part of this report. Transamerica Funds Page    4

Transamerica Global Multifactor Macro

CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

FUTURES CONTRACTS (continued):

Long Futures Contracts (continued):

Description	Number of Contracts		Expiration Date		Notional Amount			Value			Unrealized Appreciation			Unrealized Depreciation
FTSE 100 Index		54		09/20/2019		$	4,914,120		$	4,948,516		$	34,396		$	—
FTSE MIB Index		44		09/20/2019			5,250,819			5,207,374			—			(43,445	)
German Euro Bund		55		09/06/2019			10,386,437			10,659,141			272,704			—
HSCEI Index		9		08/29/2019			622,096			613,766			—			(8,330	)
KOSPI 200 Index		25		09/11/2019			1,442,812			1,409,697			—			(33,115	)
New York Harbor ULSD		2		08/30/2019			166,877			165,539			—			(1,338	)
Nickel		4		09/18/2019			328,080			348,168			20,088			—
OMX Stockholm 30 Index		205		08/16/2019			3,447,864			3,393,945			—			(53,919	)
RBOB Gasoline		3		08/30/2019			243,638			234,713			—			(8,925	)
S&P/ASX 200 Index		70		09/19/2019			7,802,929			8,080,372			277,443			—
S&P/TSX 60 Index		5		09/19/2019			739,341			741,400			2,059			—
Silver		5		09/26/2019			381,846			410,125			28,279			—
Zinc		3		09/18/2019			185,201			183,788			—			(1,413	)
Total												$	1,094,031		$	(305,813	)

Short Futures Contracts:

Description	Number of Contracts			Expiration Date		Notional Amount				Value				Unrealized Appreciation			Unrealized Depreciation
3-Month Aluminum		(7	)		08/08/2019		$	(316,668	)		$	(310,576	)		$	6,092		$	—
3-Month Aluminum		(5	)		08/09/2019			(225,360	)			(221,912	)			3,448			—
3-Month Aluminum		(7	)		08/29/2019			(314,542	)			(312,319	)			2,223			—
3-Month Aluminum		(5	)		09/03/2019			(223,738	)			(223,276	)			462			—
3-Month Aluminum		(5	)		09/19/2019			(222,619	)			(223,719	)			—			(1,100	)
3-Month Aluminum		(1	)		10/10/2019			(45,860	)			(44,894	)			966			—
3-Month Aluminum		(3	)		10/11/2019			(136,903	)			(134,681	)			2,222			—
3-Month Aluminum		(9	)		10/17/2019			(413,411	)			(403,988	)			9,423			—
3-Month Aluminum		(2	)		10/24/2019			(91,380	)			(89,849	)			1,531			—
3-Month Copper		(1	)		08/08/2019			(153,867	)			(147,685	)			6,182			—
3-Month Copper		(1	)		08/09/2019			(153,566	)			(147,706	)			5,860			—
3-Month Copper		(1	)		08/29/2019			(147,897	)			(147,950	)			—			(53	)
3-Month Copper		(1	)		09/03/2019			(145,922	)			(148,006	)			—			(2,084	)
3-Month Copper		(2	)		09/19/2019			(296,586	)			(296,038	)			548			—
3-Month Copper		(1	)		09/26/2019			(150,885	)			(148,068	)			2,817			—
3-Month Copper		(1	)		10/11/2019			(149,409	)			(148,206	)			1,203			—
3-Month Copper		(3	)		10/17/2019			(445,266	)			(444,375	)			891			—
3-Month Copper		(1	)		10/24/2019			(150,031	)			(148,124	)			1,907			—
3-Month Nickel		(2	)		08/08/2019			(144,149	)			(173,530	)			—			(29,381	)
3-Month Nickel		(2	)		08/09/2019			(143,467	)			(173,548	)			—			(30,081	)
3-Month Nickel		(1	)		10/10/2019			(77,001	)			(87,101	)			—			(10,100	)
3-Month Nickel		(1	)		10/11/2019			(79,737	)			(87,096	)			—			(7,359	)
3-Month Nickel		(2	)		10/17/2019			(171,114	)			(174,065	)			—			(2,951	)
3-Month Zinc		(1	)		08/08/2019			(66,516	)			(61,069	)			5,447			—
3-Month Zinc		(2	)		08/09/2019			(131,202	)			(122,148	)			9,054			—
3-Month Zinc		(1	)		09/03/2019			(61,859	)			(61,162	)			697			—
3-Month Zinc		(2	)		10/17/2019			(123,295	)			(122,237	)			1,058			—
10-Year Canada Government Bond		(21	)		09/19/2019			(2,262,483	)			(2,264,366	)			—			(1,883	)
10-Year U.S. Treasury Note		(37	)		09/19/2019			(4,722,721	)			(4,714,609	)			8,112			—
Aluminum		(37	)		09/18/2019			(1,660,318	)			(1,655,981	)			4,337			—
Amsterdam Index		(31	)		08/16/2019			(3,889,864	)			(3,904,041	)			—			(14,177	)
Brent Crude Oil		(10	)		08/30/2019			(631,797	)			(650,500	)			—			(18,703	)
Copper		(8	)		09/18/2019			(1,174,697	)			(1,184,350	)			—			(9,653	)
Copper		(4	)		09/26/2019			(270,304	)			(266,600	)			3,704			—
Corn		(119	)		09/13/2019			(2,519,037	)			(2,381,488	)			137,549			—
DAX® Index		(16	)		09/20/2019			(5,442,053	)			(5,395,299	)			46,754			—
FTSE JSE Top 40 Index		(5	)		09/19/2019			(180,013	)			(176,631	)			3,382			—
Hang Seng Index		(7	)		08/29/2019			(1,264,360	)			(1,241,028	)			23,332			—
IBEX 35 Index		(1	)		08/16/2019			(103,296	)			(99,398	)			3,898			—
Mexican Bolsa Index		(6	)		09/20/2019			(137,316	)			(128,831	)			8,485			—
MSCI Singapore Index		(1	)		08/29/2019			(27,579	)			(27,265	)			314			—
MSCI Taiwan Index		(47	)		08/29/2019			(1,880,606	)			(1,872,010	)			8,596			—
Natural Gas		(58	)		08/28/2019			(1,330,597	)			(1,295,140	)			35,457			—
Nickel		(8	)		09/18/2019			(579,843	)			(696,336	)			—			(116,493	)
S&P 500® E-Mini Index		(42	)		09/20/2019			(6,303,442	)			(6,262,830	)			40,612			—
SET 50 Index		(71	)		09/27/2019			(526,554	)			(519,520	)			7,034			—
SGX CNX Nifty Index		(19	)		08/29/2019			(429,184	)			(422,598	)			6,586			—

The notes are an integral part of this report. Transamerica Funds Page    5

Transamerica Global Multifactor Macro

CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

FUTURES CONTRACTS (continued):

Short Futures Contracts (continued):

Description	Number of Contracts			Expiration Date		Notional Amount				Value				Unrealized Appreciation			Unrealized Depreciation
Soybean Meal		(23	)		11/14/2019		$	(1,029,418	)		$	(1,013,725	)		$	15,693		$	—
Soybean Meal		(4	)		12/13/2019			(129,181	)			(122,160	)			7,021			—
Soybean Oil		(37	)		12/13/2019			(621,965	)			(626,706	)			—			(4,741	)
TOPIX Index		(84	)		09/12/2019			(12,000,335	)			(12,091,553	)			—			(91,218	)
U.K. Gilt		(117	)		09/26/2019			(18,399,885	)			(18,899,539	)			—			(499,654	)
Wheat		(18	)		09/13/2019			(466,958	)			(438,525	)			28,433			—
WTI Crude		(1	)		08/20/2019			(56,218	)			(58,580	)			—			(2,362	)
Zinc		(5	)		09/18/2019			(315,036	)			(306,313	)			8,723			—
Total															$	460,053		$	(841,993	)
Total Futures Contracts															$	1,554,084		$	(1,147,806	)

FORWARD FOREIGN CURRENCY CONTRACTS:

Counterparty	Settlement Date	Currency Purchased		Currency Sold		Unrealized Appreciation		Unrealized Depreciation
CITI	09/18/2019	USD	10,500,368	AUD	15,073,000	$	175,154	$	—
CITI	09/18/2019	USD	3,597,170	BRL	14,122,018		—		(89,415	)
CITI	09/18/2019	USD	2,979,092	CAD	3,962,000		—		(25,715	)
CITI	09/18/2019	USD	10,850,876	CHF	10,746,000		33,727		(38,385	)
CITI	09/18/2019	USD	3,200,956	CNH	22,208,000		332		(12,763	)
CITI	09/18/2019	USD	551,537	CZK	12,700,000		4,188		—
CITI	09/18/2019	USD	32,263,925	EUR	28,619,000		456,170		—
CITI	09/18/2019	USD	4,096,994	GBP	3,235,000		153,332		—
CITI	09/18/2019	USD	543,125	HKD	4,252,000		157		(406	)
CITI	09/18/2019	USD	194,977	HUF	56,244,000		3,502		—
CITI	09/18/2019	USD	503,848	ILS	1,800,000		—		(10,276	)
CITI	09/18/2019	USD	2,345,774	INR	164,901,000		—		(39,358	)
CITI	09/18/2019	USD	14,650,464	JPY	1,586,948,000		54,045		(45,001	)
CITI	09/18/2019	USD	8,071,707	KRW	9,537,617,000		14,592		(16,649	)
CITI	09/18/2019	USD	4,950,297	MXN	97,025,000		1,249		(72,749	)
CITI	09/18/2019	USD	2,267,675	NOK	19,729,000		37,038		—
CITI	09/18/2019	USD	3,497,066	NZD	5,351,000		400		(20,428	)
CITI	09/18/2019	USD	512,052	PLN	1,955,000		7,038		—
CITI	09/18/2019	USD	2,007,831	SEK	18,760,000		58,904		—
CITI	09/18/2019	USD	1,369,444	SGD	1,870,000		7,811		(197	)
CITI	09/18/2019	USD	1,135,760	TWD	35,700,000		—		(15,439	)
CITI	09/18/2019	KRW	3,207,617,000	USD	2,740,172		504		(25,369	)
CITI	09/18/2019	INR	175,652,000	USD	2,492,842		47,794		—
CITI	09/18/2019	AUD	15,497,000	USD	10,782,063		—		(166,402	)
CITI	09/18/2019	GBP	3,512,000	USD	4,460,213		—		(178,873	)
CITI	09/18/2019	EUR	13,695,000	USD	15,540,512		—		(319,599	)
CITI	09/18/2019	HUF	266,000,000	USD	931,820		—		(26,256	)
CITI	09/18/2019	SEK	50,859,000	USD	5,366,726		—		(83,120	)
CITI	09/18/2019	ZAR	24,886,000	USD	1,729,035		12,526		(16,918	)
CITI	09/18/2019	MXN	129,603,166	USD	6,602,578		109,763		(4,374	)
CITI	09/18/2019	PLN	7,670,000	USD	2,024,611		—		(43,309	)
CITI	09/18/2019	NZD	19,453,000	USD	12,888,246		25,786		(128,002	)
CITI	09/18/2019	BRL	13,007,000	USD	3,335,330		63,041		(2,863	)
CITI	09/18/2019	CAD	10,008,000	USD	7,472,664		117,466		—
CITI	09/18/2019	PHP	72,400,000	USD	1,376,090		44,145		—
CITI	09/18/2019	COP	1,430,000,000	USD	442,015		1,712		(9,211	)
CITI	09/18/2019	CZK	36,500,000	USD	1,614,372		—		(41,284	)
CITI	09/18/2019	JPY	1,645,566,000	USD	15,272,150		15,369		(105,281	)
CITI	09/18/2019	CHF	7,111,000	USD	7,275,982		—		(92,501	)
CITI	09/18/2019	RUB	70,300,000	USD	1,067,349		29,819		(77	)
CITI	09/18/2019	CNH	1,294,000	USD	187,278		190		(233	)
CITI	09/18/2019	IDR	10,100,000,000	USD	704,525		13,424		(1,245	)
CITI	09/18/2019	SGD	1,570,000	USD	1,156,569		319		(13,532	)
CITI	09/18/2019	HKD	27,461,600	USD	3,505,871		3,739		(230	)
CITI	09/18/2019	ILS	4,940,000	USD	1,378,757		32,228		—
CITI	09/18/2019	THB	212,000	USD	6,638		263		—
CITI	09/18/2019	USD	2,467,210	ZAR	36,575,000		—		(67,500	)

The notes are an integral part of this report. Transamerica Funds Page    6

Transamerica Global Multifactor Macro

CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

FORWARD FOREIGN CURRENCY CONTRACTS (continued):

Counterparty	Settlement Date		Currency Purchased		Currency Sold		Unrealized Appreciation		Unrealized Depreciation
CITI		09/23/2019	USD	2,777,714	CLP	1,940,000,000	$	25,166	$	(3,918	)
CITI		09/23/2019	CLP	360,000,000	USD	527,799		—		(16,290	)
Total							$	1,550,893	$	(1,733,168	)

SECURITY VALUATION:

Valuation Inputs ^(B)

	Level 1 - Unadjusted Quoted Prices			Level 2 - Other Significant Observable Inputs			Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Short-Term Investment Companies	$	69,698,992		$	—		$	—	$	69,698,992
Total Investments	$	69,698,992		$	—		$	—	$	69,698,992
Other Financial Instruments
Centrally Cleared Interest Rate Swap Agreements	$	—		$	5,441,694		$	—	$	5,441,694
Over-the-Counter Total Return Swap Agreements		—			620,411			—		620,411
Futures Contracts (C)		1,554,084			—			—		1,554,084
Forward Foreign Currency Contracts (C)		—			1,550,893			—		1,550,893
Total Other Financial Instruments	$	1,554,084		$	7,612,998		$	—	$	9,167,082
LIABILITIES
Other Financial Instruments
Centrally Cleared Interest Rate Swap Agreements	$	—		$	(4,829,825	)	$	—	$	(4,829,825	)
Over-the-Counter Total Return Swap Agreements		—			(351,315	)		—		(351,315	)
Futures Contracts (C)		(1,147,806	)		—			—		(1,147,806	)
Forward Foreign Currency Contracts (C)		—			(1,733,168	)		—		(1,733,168	)
Total Other Financial Instruments	$	(1,147,806	)	$	(6,914,308	)	$	—	$	(8,062,114	)

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	At the termination date, a net cash flow is exchanged where the total return is equivalent to the return of the reference entity less a financing rate, if any. As a receiver, the Fund would receive payments based on any positive total return and would owe payments in the event of a negative total return. As the payer, the Fund would owe payments on any net positive total return and would receive payment in the event of a negative total return.
(B)	There were no transfers in or out of Level 3 during the period ended July 31, 2019. Please reference the Security Valuation section of the Notes to Schedules of Investments for more information regarding security valuation and pricing inputs.
(C)	Futures contracts and/or forward foreign currency contracts are valued at unrealized appreciation (depreciation).

CURRENCY ABBREVIATIONS:

AUD	Australian Dollar
BRL	Brazilian Real
CAD	Canadian Dollar
CHF	Swiss Franc
CLP	Chilean Peso
CNH	Chinese Yuan Renminbi (offshore)
COP	Columbian Peso
CZK	Czech Republic Koruna
EUR	Euro
GBP	Pound Sterling
HKD	Hong Kong Dollar
HUF	Hungarian Forint
IDR	Indonesian Rupiah
ILS	Israel New Shekel
INR	Indian Rupee
JPY	Japanese Yen
KRW	South Korean Won
MXN	Mexican Peso
NOK	Norwegian Krone
NZD	New Zealand Dollar
PHP	Philippine Peso
PLN	Polish Zloty

The notes are an integral part of this report. Transamerica Funds Page    7

Transamerica Global Multifactor Macro

CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

CURRENCY ABBREVIATIONS (continued):

RUB	Russian Ruble
SEK	Swedish Krona
SGD	Singapore Dollar
THB	Thai Baht
TRY	Turkish New Lira
TWD	Taiwan New Dollar
USD	United States Dollar
ZAR	South African Rand

COUNTERPARTY ABBREVIATIONS:

CITI	Citibank, N.A.
GSI	Goldman Sachs International
MLI	Merrill Lynch International

PORTFOLIO ABBREVIATIONS:

ASX	Australian Securities Exchange
BBR	Bank Bill Rate
BBSW	Bank Bill Swap Reference Rate
BIST	Borsa Istanbul (Sole Exchange Entity of Turkey)
BKBM	Bank Bill Reference Rate
BM&F Bovespa	Bolsa de Valores, Mercadorias & Futuros de Sao Paulo (Brazilian Stock Exchange Index)
CAC	Cotation Assistée en Continu (French Stock Market Index)
CDOR	Canadian Dollar Offered Rate
CNX Nifty	CRISIL NSE Index (National Stock Exchange of India’s Benchmark Index)
DAX	Deutscher Aktienindex (Frankfurt Stock Index)
EURIBOR	Euro Interbank Offer Rate
FTSE	Financial Times Stock Exchange
HSCEI	Hang Seng China Enterprises Index
IBEX	Índice Bursatil Español (Bolsa de Madrid Stock Market Index)
JSE	Johannesburg Stock Exchange
KOSPI	Korean Composite Stock Price Index
LIBOR	London Interbank Offered Rate
MIB	Milano Italia Borsa (FTSE MIB is the primary benchmark index for the Italian equity markets)
NIBOR	Norwegian Interbank Offered Rate
OMX	Norwegian Stockholm Stock Exchange
RBOB	Reformulated Blendstock for Oxygenate Blending
SET	Stock Exchange of Thailand
SGX	Singapore Exchange
SIDE	Swedish Markets
STIBOR	Stockholm Interbank Offered Rate
STOXX	Deutsche Börse Group & SIX Group Index
TAIEX	Taiwan Capitalization Weighted Stock Index
TOPIX	Tokyo Price Index
TSX	Toronto Stock Exchange
ULSD	Ultra-Low Sulfur Diesel
WIG	Warsaw Stock Exchange Index
WTI	West Texas Intermediate

The notes are an integral part of this report. Transamerica Funds Page    8

Transamerica Global Real Estate Securities

SCHEDULE OF INVESTMENTS

At July 31, 2019

(unaudited)

	Shares		Value
COMMON STOCKS - 99.0%
Australia - 5.3%
Centuria Capital Group		49,452		$  65,776
Charter Hall Group, REIT		6,032		46,649
Dexus, REIT		30,854		275,957
LendLease Group		23,452		232,448
New South Resources, Ltd. (A)		108,472		121,534
Scentre Group, REIT		144,982		394,949
				1,137,313
Belgium - 0.5%
Aedifica SA, REIT		1,060		111,358
Canada - 1.6%
Canadian Apartment Properties, REIT		2,938		108,433
RioCan, REIT		11,437		225,482
				333,915
France - 1.1%
Unibail-Rodamco-Westfield, REIT		1,752		234,675
Germany - 5.6%
alstria office AG, REIT		10,898		176,136
Godewind Immobilien AG (A) (B)		27,315		114,299
LEG Immobilien AG		2,208		254,629
TLG Immobilien AG		7,713		226,692
Vonovia SE		8,689		424,234
				1,195,990
Hong Kong - 7.4%
CK Asset Holdings, Ltd.		60,000		451,148
Kerry Properties, Ltd.		14,000		52,570
Link REIT		37,500		436,169
Sun Hung Kai Properties, Ltd.		19,000		306,191
Swire Properties, Ltd.		72,600		262,151
Wheelock & Co., Ltd.		13,000		81,807
				1,590,036
Ireland - 0.4%
Glenveagh Properties PLC (A) (B)		103,956		78,945
Japan - 15.2%
Comforia Residential, Inc., REIT		52		155,584
Daito Trust Construction Co., Ltd.		1,300		167,639
Daiwa House Industry Co., Ltd.		12,200		346,867
Global One Real Estate Investment Corp., REIT		18		22,879
GLP J-REIT		494		551,260
Hankyu Hanshin, Inc., REIT		16		22,776
Heiwa Real Estate, Inc., REIT		19		23,242
Hulic, Inc., REIT		139		248,234
Ichigo Office Investment, REIT		143		136,047
Japan Real Estate Investment Corp., REIT		18		112,593
Kenedix Office Investment Corp., REIT		32		229,813
LaSalle Logiport, REIT		19		23,758
Mitsui Fudosan Co., Ltd.		18,700		422,137
Mitsui Fudosan Logistics Park, Inc., REIT		50		180,452
Nippon Building Fund, Inc., REIT		16		112,304
Sumitomo Realty & Development Co., Ltd.		9,100		331,121
Tokyu Fudosan Holdings Corp.		27,500		159,090
				3,245,796

	Shares		Value
COMMON STOCKS (continued)
Luxembourg - 1.1%
Aroundtown SA		30,737		$   245,211
Netherlands - 0.5%
InterXion Holding NV (A)		1,478		111,293
New Zealand - 0.2%
Goodman Property Trust, REIT		36,462		49,079
Norway - 1.1%
Entra ASA (B)		15,600		226,278
Singapore - 2.5%
Ascendas, REIT		83,100		184,497
City Developments, Ltd.		14,500		101,752
Cromwell European Real Estate Investment Trust		98,500		55,610
Mapletree Commercial Trust, REIT		136,300		204,766
				546,625
Spain - 1.6%
Aedas Homes SAU (A) (B)		4,406		99,671
Inmobiliaria Colonial Socimi SA, REIT		22,612		252,818
				352,489
Sweden - 1.4%
Castellum AB		8,652		175,641
Kungsleden AB		14,447		125,643
				301,284
United Kingdom - 3.3%
Assura PLC, REIT		154,704		121,536
Derwent London PLC, REIT		3,210		113,709
Grainger PLC		40,976		113,315
Land Securities Group PLC, REIT		9,420		91,164
Segro PLC, REIT		27,811		258,040
				697,764
United States - 50.2%
Alexandria Real Estate Equities, Inc., REIT		3,499		512,114
American Homes 4 Rent Trust, Class A, REIT		7,953		192,542
AvalonBay Communities, Inc., REIT		3,301		689,216
Boston Properties, Inc., REIT		4,513		600,003
CareTrust, Inc., REIT		13,174		306,032
Digital Realty Trust, Inc., REIT		1,872		214,082
Douglas Emmett, Inc., REIT		2,881		117,602
EPR Properties, REIT		3,510		261,249
Equinix, Inc., REIT		327		164,187
Equity Residential, REIT		5,371		423,718
Extra Space Storage, Inc., REIT		4,001		449,672
Federal Realty Investment Trust, REIT		2,062		272,205
Healthcare Trust of America, Inc., Class A, REIT		5,087		136,993
Highwoods Properties, Inc., REIT		5,759		261,055
Host Hotels & Resorts, Inc., REIT		26,981		469,200
Hudson Pacific Properties, Inc., REIT		4,892		172,688
Invitation Homes, Inc., REIT		5,501		151,112
Prologis, Inc., REIT		9,713		782,965
Regency Centers Corp., REIT		5,180		345,506
Rexford Industrial Realty, Inc., REIT		9,614		398,020
Simon Property Group, Inc., REIT		4,603		746,607
Spirit Realty Capital, Inc., REIT		12,134		535,352
STAG Industrial, Inc., REIT		5,028		149,432
Sun Communities, Inc., REIT		3,394		450,757

The notes are an integral part of this report. Transamerica Funds Page    1

Transamerica Global Real Estate Securities

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
United States (continued)
Sunstone Hotel Investors, Inc., REIT		8,012		$   105,838
UDR, Inc., REIT		9,429		434,300
Ventas, Inc., REIT		11,186		752,706
VEREIT, Inc.		25,831		235,579
VICI Properties, Inc., REIT		16,439		350,808
Welltower, Inc., REIT		784		65,166
				10,746,706
Total Common Stocks (Cost $18,922,598)				21,204,757

	Principal		Value
REPURCHASE AGREEMENT - 1.2%
Fixed Income Clearing Corp., 1.45% (C), dated 07/31/2019, to be repurchased at $247,651 on 08/01/2019. Collateralized by a U.S. Government Obligation, 1.13%, due 02/28/2021, and with a value of $253,041.		$  247,641		$  247,641
Total Repurchase Agreement (Cost $247,641)				247,641
Total Investments (Cost $19,170,239)				21,452,398
Net Other Assets (Liabilities) - (0.2)%				(39,395	)
Net Assets - 100.0%				$  21,413,003

OVER-THE-COUNTER SWAP AGREEMENTS:

Total Return Swap Agreements

Reference Entity

Counterparty

Expiration Date

Notional Amount

Notional Amount as a Percentage of Net Assets

Value

Net Unrealized Appreciation (Depreciation)

Contracts for Difference

Equity Securities Long (D)

GSI

08/19/2019

USD

2,001

0.0

%(E)

$

1,951

$

(50

)

FORWARD FOREIGN CURRENCY CONTRACTS:

Counterparty	Settlement Date	Currency Purchased		Currency Sold		Unrealized Appreciation		Unrealized Depreciation
BNP	10/15/2019	USD	35,936	EUR	32,000	$	291	$	—
BNP	10/15/2019	USD	8,665	NOK	75,000		181		—
BNP	10/15/2019	SEK	45,000	USD	4,784		—		(99	)
BOA	10/15/2019	USD	9,078	EUR	8,000		167		—
BOA	10/15/2019	USD	12,029	JPY	1,287,000		129		—
BOA	10/15/2019	USD	191,606	NOK	1,635,000		6,650		—
BOA	10/15/2019	GBP	67,000	USD	84,372		—		(2,590	)
BOA	10/15/2019	SEK	48,000	USD	5,148		—		(151	)
BOA	10/15/2019	CAD	6,000	USD	4,611		—		(58	)
BOA	10/15/2019	JPY	33,628,000	USD	312,834		—		(1,917	)
BOA	10/15/2019	ILS	478,000	USD	135,256		1,503		—
BOA	10/15/2019	AUD	65,000	USD	45,401		—		(837	)
CITI	10/15/2019	EUR	4,000	USD	4,539		—		(84	)
CITI	10/15/2019	SGD	16,000	USD	11,677		—		(21	)
GSI	10/15/2019	USD	26,904	EUR	24,000		169		—
GSI	10/15/2019	USD	88,306	JPY	9,482,000		637		—
GSI	10/15/2019	AUD	42,000	USD	29,074		—		(278	)
HSBC	10/15/2019	USD	33,514	HKD	262,000		30		—
HSBC	10/15/2019	USD	4,344	NOK	38,000		45		—
HSBC	10/15/2019	CHF	189,000	USD	193,185		—		(1,770	)
HSBC	10/15/2019	ZAR	120,000	USD	8,473		—		(185	)
HSBC	10/15/2019	NZD	34,000	USD	22,708		—		(349	)
HSBC	10/15/2019	SGD	333,000	USD	245,077		—		(2,480	)
HSBC	10/15/2019	NOK	71,000	USD	8,316		—		(284	)
HSBC	10/15/2019	SEK	356,000	USD	38,045		—		(988	)
HSBC	10/15/2019	JPY	5,262,000	USD	48,847		—		(195	)
HSBC	10/15/2019	AUD	31,000	USD	21,453		—		(199	)
JPM	10/15/2019	USD	266,276	EUR	236,000		3,389		—
JPM	10/15/2019	USD	26,976	GBP	22,000		122		—

The notes are an integral part of this report. Transamerica Funds Page    2

Transamerica Global Real Estate Securities

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

FORWARD FOREIGN CURRENCY CONTRACTS (continued):

Counterparty	Settlement Date		Currency Purchased		Currency Sold		Unrealized Appreciation		Unrealized Depreciation
JPM		10/15/2019	USD	1,281	NOK	11,000	$	37	$	—
JPM		10/15/2019	USD	19,325	SEK	180,000		589		—
JPM		10/15/2019	GBP	6,000	USD	7,396		—		(72	)
JPM		10/15/2019	CAD	12,000	USD	9,115		—		(11	)
SSB		10/15/2019	USD	102,639	AUD	147,000		1,855		—
SSB		10/15/2019	USD	133,525	EUR	118,000		2,082		—
SSB		10/15/2019	USD	467,996	JPY	50,573,000		452		(42	)
SSB		10/15/2019	USD	2,761	NOK	24,000		46		—
SSB		10/15/2019	USD	4,836	SEK	45,000		152		—
SSB		10/15/2019	USD	20,454	SGD	28,000		56		—
SSB		10/15/2019	HKD	540,000	USD	69,079		—		(66	)
SSB		10/15/2019	SEK	97,000	USD	10,391		—		(294	)
SSB		10/15/2019	GBP	20,000	USD	24,445		—		(32	)
SSB		10/15/2019	EUR	20,000	USD	22,426		—		(148	)
SSB		10/15/2019	SGD	14,000	USD	10,232		—		(33	)
UBS		10/15/2019	JPY	543,000	USD	5,063		—		(43	)
Total							$	18,582	$	(13,226	)

INVESTMENTS BY INDUSTRY:

Industry	Percentage of Total Investments			Value
Equity Real Estate Investment Trusts		74.7	%		$    16,028,209
Real Estate Management & Development		22.9			4,920,534
IT Services		0.5			111,293
Household Durables		0.4			78,945
Capital Markets		0.3			65,776
Investments		98.8			21,204,757
Short-Term Investments		1.2			247,641
Total Investments		100.0	%		$    21,452,398

The notes are an integral part of this report. Transamerica Funds Page    3

Transamerica Global Real Estate Securities

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

SECURITY VALUATION:

Valuation Inputs ^(F)

	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs			Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Common Stocks	$	11,191,914	$	10,012,843		$	—	$	21,204,757
Repurchase Agreement		—		247,641			—		247,641
Total Investments	$	11,191,914	$	10,260,484		$	—	$	21,452,398
Other Financial Instruments
Forward Foreign Currency Contracts (G)	$	—	$	18,582		$	—	$	18,582
Over-the-Counter Total Return Swap Agreements - CFD		—		1,951			—		1,951
Total Other Financial Instruments	$	—	$	20,533		$	—	$	20,533
LIABILITIES
Other Financial Instruments
Forward Foreign Currency Contracts (G)	$	—	$	(13,226	)	$	—	$	(13,226	)
Total Other Financial Instruments	$	—	$	(13,226	)	$	—	$	(13,226	)

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	Non-income producing securities.
(B)	Securities are registered pursuant to Rule 144A of the Securities Act of 1933. Unless otherwise indicated, the securities are deemed to be liquid for purposes of compliance limitations on holdings of illiquid securities and may be resold as transactions exempt from registration, normally to qualified institutional buyers. At July 31, 2019, the total value of 144A securities is $519,193, representing 2.4% of the Fund’s net assets.
(C)	Rate disclosed reflects the yield at July 31, 2019.
(D)	The Fund receives or pays the total return on a fund of long positions underlying the total return swap. In addition, the Fund pays or receives a variable rate of interest, based on a specific benchmark, plus or minus a spread in a range of 20-30 basis points. The benchmark and spread are determined based upon the country and/or currency of the individual underlying positions. The specified benchmark used in determining the variable rate of interest is the 1-Month USD-LIBOR
(E)	Percentage rounds to less than 0.01% or (0.01)%.
(F)	There were no transfers in or out of Level 3 during the period ended July 31, 2019. Please reference the Security Valuation section of the Notes to Schedules of Investments for more information regarding security valuation and pricing inputs.
(G)	Futures contracts and/or forward foreign currency contracts are valued at unrealized appreciation (depreciation).

The notes are an integral part of this report. Transamerica Funds Page    4

Transamerica Global Real Estate Securities

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

CURRENCY ABBREVIATIONS:

AUD	Australian Dollar
CAD	Canadian Dollar
CHF	Swiss Franc
EUR	Euro
GBP	Pound Sterling
HKD	Hong Kong Dollar
ILS	Israel New Shekel
JPY	Japanese Yen
NOK	Norwegian Krone
NZD	New Zealand Dollar
SEK	Swedish Krona
SGD	Singapore Dollar
USD	United States Dollar
ZAR	South African Rand

COUNTERPARTY ABBREVIATIONS:

BNP	BNP Paribas
BOA	Bank of America, N.A.
CITI	Citibank, N.A.
GSI	Goldman Sachs International
HSBC	HSBC Bank USA
JPM	JPMorgan Chase Bank, N.A.
SSB	State Street Bank & Trust Co.
UBS	UBS AG

PORTFOLIO ABBREVIATIONS:

J-REIT	Japan-Real Estate Investment Trust
LIBOR	London Interbank Offered Rate
REIT	Real Estate Investment Trust

The notes are an integral part of this report. Transamerica Funds Page    5

Transamerica Growth

SCHEDULE OF INVESTMENTS

At July 31, 2019

(unaudited)

	Shares		Value
COMMON STOCKS - 99.8%
Aerospace & Defense - 4.8%
Airbus SE		13,769		$  1,946,398
Boeing Co.		13,997		4,775,496
Safran SA		17,717		2,543,468
				9,265,362
Automobiles - 1.3%
Tesla, Inc. (A) (B)		10,110		2,442,677
Banks - 0.9%
JPMorgan Chase & Co.		15,113		1,753,108
Beverages - 0.7%
Constellation Brands, Inc., Class A		7,262		1,429,307
Biotechnology - 3.5%
Alexion Pharmaceuticals, Inc. (A)		12,347		1,398,792
BioMarin Pharmaceutical, Inc. (A)		17,992		1,427,125
Exact Sciences Corp. (A)		7,173		825,684
Sage Therapeutics, Inc. (A)		5,475		877,861
Vertex Pharmaceuticals, Inc. (A)		13,190		2,197,718
				6,727,180
Capital Markets - 1.4%
S&P Global, Inc.		10,652		2,609,207
Entertainment - 4.9%
Netflix, Inc. (A)		20,470		6,611,605
Walt Disney Co.		20,335		2,908,109
				9,519,714
Equity Real Estate Investment Trusts - 1.3%
American Tower Corp.		6,591		1,394,788
Crown Castle International Corp.		8,705		1,160,028
				2,554,816
Food & Staples Retailing - 2.1%
Costco Wholesale Corp.		14,813		4,082,907
Health Care Equipment & Supplies - 3.6%
Danaher Corp.		13,817		1,941,288
Edwards Lifesciences Corp. (A)		10,922		2,324,748
Intuitive Surgical, Inc. (A)		5,098		2,648,462
				6,914,498
Health Care Providers & Services - 0.2%
Guardant Health, Inc. (A)		4,217		396,356
Hotels, Restaurants & Leisure - 2.2%
Chipotle Mexican Grill, Inc. (A)		2,924		2,326,130
Marriott International, Inc., Class A		14,035		1,951,707
				4,277,837
Interactive Media & Services - 11.3%
Alphabet, Inc., Class A (A)		4,356		5,306,479
Alphabet, Inc., Class C (A)		4,358		5,302,292
Facebook, Inc., Class A (A)		37,195		7,224,385
Tencent Holdings, Ltd.		86,132		4,013,145
				21,846,301

	Shares		Value
COMMON STOCKS (continued)
Internet & Direct Marketing Retail - 8.9%
Alibaba Group Holding, Ltd., ADR (A)		30,361		$   5,255,793
Amazon.com, Inc. (A)		6,426		11,995,928
				17,251,721
IT Services - 13.9%
Adyen NV (A) (C)		3,134		2,368,006
FleetCor Technologies, Inc. (A)		10,971		3,117,629
Mastercard, Inc., Class A		29,856		8,128,893
PayPal Holdings, Inc. (A)		27,556		3,042,182
Square, Inc., Class A (A)		26,020		2,092,268
Twilio, Inc., Class A (A)		6,653		925,499
Visa, Inc., Class A		39,981		7,116,618
				26,791,095
Life Sciences Tools & Services - 1.8%
Illumina, Inc. (A)		11,414		3,417,123
Personal Products - 1.8%
Estee Lauder Cos., Inc., Class A		18,969		3,493,900
Pharmaceuticals - 1.4%
AstraZeneca PLC, ADR		63,300		2,747,853
Road & Rail - 1.8%
Uber Technologies, Inc. (A) (B)		21,248		895,391
Union Pacific Corp.		14,762		2,656,422
				3,551,813
Semiconductors & Semiconductor Equipment - 5.4%
Broadcom, Inc.		7,636		2,214,364
NVIDIA Corp.		23,289		3,929,320
QUALCOMM, Inc.		34,940		2,556,210
Universal Display Corp.		2,764		583,425
Xilinx, Inc.		9,412		1,074,945
				10,358,264
Software - 17.0%
Adobe, Inc. (A)		18,119		5,415,044
Microsoft Corp.		73,162		9,969,786
salesforce.com, Inc. (A)		52,384		8,093,328
SAP SE, ADR		13,872		1,706,672
ServiceNow, Inc. (A)		9,090		2,521,475
Splunk, Inc. (A)		17,382		2,351,959
Workday, Inc., Class A (A)		14,309		2,861,514
				32,919,778
Specialty Retail - 1.2%
Home Depot, Inc.		10,921		2,333,709
Technology Hardware, Storage & Peripherals - 3.2%
Apple, Inc.		28,710		6,116,378
Textiles, Apparel & Luxury Goods - 5.2%
adidas AG		50		16,027
Kering SA, ADR		49,624		2,562,583
Lululemon Athletica, Inc. (A)		17,598		3,362,802
NIKE, Inc., Class B		48,416		4,165,228
				10,106,640
Total Common Stocks (Cost $101,162,132)				192,907,544

The notes are an integral part of this report. Transamerica Funds Page    1

Transamerica Growth

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Shares		Value
OTHER INVESTMENT COMPANY - 1.7%
Securities Lending Collateral - 1.7%
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 2.32% (D)		3,371,477		$   3,371,477
Total Other Investment Company (Cost $3,371,477)				3,371,477
Total Investments (Cost $104,533,609)				196,279,021
Net Other Assets (Liabilities) - (1.5)%				(2,952,050	)
Net Assets - 100.0%				$  193,326,971

SECURITY VALUATION:

Valuation Inputs ^(E)

	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Common Stocks	$	182,020,500	$	10,887,044	$	—	$	192,907,544
Other Investment Company		3,371,477		—		—		3,371,477
Total Investments	$	185,391,977	$	10,887,044	$	—	$	196,279,021

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	Non-income producing securities.
(B)	All or a portion of the securities are on loan. The total value of all securities on loan is $3,304,448. 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.
(C)	Security is registered pursuant to Rule 144A of the Securities Act of 1933. Unless otherwise indicated, the security is deemed to be liquid for purposes of compliance limitations on holdings of illiquid securities and may be resold as transactions exempt from registration, normally to qualified institutional buyers. At July 31, 2019, the value of the 144A security is $2,368,006, representing 1.2% of the Fund’s net assets.
(D)	Rate disclosed reflects the yield at July 31, 2019.
(E)	There were no transfers in or out of Level 3 during the period ended July 31, 2019. Please reference the Security Valuation section of the Notes to Schedules of Investments for more information regarding security valuation and pricing inputs.

PORTFOLIO ABBREVIATION:

ADR American Depositary Receipt

The notes are an integral part of this report. Transamerica Funds Page    2

Transamerica High Quality Bond

SCHEDULE OF INVESTMENTS

At July 31, 2019

(unaudited)

	Principal		Value
ASSET-BACKED SECURITIES - 42.3%
American Express Credit Account Master Trust
Series 2017-7, Class B,
2.54%, 05/15/2025		$  1,000,000		$  1,003,665
AmeriCredit Automobile Receivables Trust
Series 2016-1, Class D,
3.59%, 02/08/2022		1,000,000		1,009,048
Series 2016-4, Class B,
1.83%, 12/08/2021		1,000,000		996,960
Series 2017-1, Class C,
2.71%, 08/18/2022		1,000,000		1,003,038
Series 2017-2, Class C,
2.97%, 03/20/2023		605,000		609,661
Series 2018-1, Class D,
3.82%, 03/18/2024		4,000,000		4,096,023
Series 2018-2, Class D,
4.01%, 07/18/2024		3,000,000		3,104,918
Capital Auto Receivables Asset Trust
Series 2015-4, Class C,
2.89%, 02/22/2021		1,416,487		1,416,822
Series 2015-4, Class D,
3.62%, 05/20/2021		1,575,000		1,580,661
Series 2016-1, Class B,
2.67%, 12/21/2020		864,157		864,250
Series 2016-2, Class B,
2.11%, 03/22/2021		1,000,000		998,101
Series 2016-3, Class C,
2.35%, 09/20/2021		725,000		723,960
Series 2018-2, Class C,
3.69%, 12/20/2023 (A)		1,750,000		1,771,036
Capital One Multi-Asset Execution Trust
Series 2019-A1, Class A1,
2.84%, 12/15/2024		2,850,000		2,898,910
CarMax Auto Owner Trust
Series 2018-1, Class C,
2.95%, 11/15/2023		2,485,000		2,496,713
Series 2019-1, Class B,
3.45%, 11/15/2024		920,000		947,379
CCG Receivables Trust
Series 2018-1, Class B,
3.09%, 06/16/2025 (A)		2,600,000		2,618,720
CLI Funding V LLC
Series 2013-1A, Class NOTE,
2.83%, 03/18/2028 (A)		860,600		850,821
Series 2013-3A, Class A,
3.67%, 11/18/2028 (A)		214,402		217,137
CNH Equipment Trust
Series 2017-C, Class B,
2.54%, 05/15/2025		1,140,000		1,143,643
Series 2018-A, Class B,
3.47%, 10/15/2025		1,700,000		1,741,040
Dell Equipment Finance Trust
Series 2017-1, Class D,
3.44%, 04/24/2023 (A)		495,000		496,727
Series 2017-2, Class C,
2.73%, 10/24/2022 (A)		2,550,000		2,552,666
Series 2018-2, Class C,
3.72%, 10/22/2023 (A)		1,220,000		1,248,959
Evergreen Credit Card Trust
Series 2019-1, Class B,
3.59%, 01/15/2023 (A)		1,000,000		1,011,245

	Principal		Value
ASSET-BACKED SECURITIES (continued)
Ford Credit Auto Lease Trust
Series 2018-A, Class B,
3.17%, 09/15/2021		$   1,250,000		$   1,259,599
Ford Credit Auto Owner Trust
Series 2016-C, Class B,
1.73%, 03/15/2022		1,418,000		1,407,596
Series 2017-1, Class C,
3.01%, 08/15/2028 (A)		2,000,000		2,002,582
Series 2017-A, Class C,
2.41%, 07/15/2023		2,578,000		2,576,589
Series 2017-C, Class C,
2.50%, 05/15/2024		3,000,000		2,996,887
Ford Credit Floorplan Master Owner Trust
Series 2017-2, Class B,
2.34%, 09/15/2022		1,570,000		1,565,970
GM Financial Automobile Leasing Trust
Series 2018-3, Class B,
3.48%, 07/20/2022		1,100,000		1,115,198
Series 2019-2, Class B,
2.89%, 03/20/2023		1,000,000		1,006,898
GM Financial Consumer Automobile Receivables Trust
Series 2018-1, Class C,
2.77%, 07/17/2023		2,515,000		2,515,157
Series 2018-2, Class C,
3.31%, 12/18/2023		2,100,000		2,134,422
Series 2018-3, Class C,
3.45%, 02/16/2024		1,000,000		1,021,600
Series 2019-1, Class C,
3.52%, 09/16/2024		2,790,000		2,849,953
Hilton Grand Vacations Trust
Series 2018-AA, Class A,
3.54%, 02/25/2032 (A)		863,399		885,907
Hyundai Auto Receivables Trust
Series 2017-B, Class B,
2.23%, 02/15/2023		1,840,000		1,837,718
Series 2017-B, Class C,
2.44%, 05/15/2024		1,000,000		996,933
Invitation Homes Trust
Series 2018-SFR2, Class D,
1-Month LIBOR + 1.45%, 3.78% (B), 06/17/2037 (A)		3,000,000		2,990,284
Series 2018-SFR4, Class D,
1-Month LIBOR + 1.65%, 3.96% (B), 01/17/2038 (A)		2,400,000		2,399,993
MVW Owner Trust
Series 2015-1A, Class A,
2.52%, 12/20/2032 (A)		605,724		603,171
Series 2016-1A, Class A,
2.25%, 12/20/2033 (A)		344,843		340,967
Series 2017-1A, Class A,
2.42%, 12/20/2034 (A)		776,259		773,322
Progress Residential Trust
Series 2017-SFR1, Class C,
3.32%, 08/17/2034 (A)		1,750,000		1,762,453
Series 2018-SFR2, Class D,
4.34%, 08/17/2035 (A)		2,000,000		2,062,920
Santander Drive Auto Receivables Trust
Series 2016-3, Class D,
2.80%, 08/15/2022		2,755,000		2,764,763
Series 2017-3, Class D,
3.20%, 11/15/2023		3,000,000		3,020,293
Sierra Timeshare Conduit Receivables Funding LLC
Series 2017-1A, Class A,
2.91%, 03/20/2034 (A)		330,339		332,568

The notes are an integral part of this report. Transamerica Funds Page    1

Transamerica High Quality Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
ASSET-BACKED SECURITIES (continued)
Sierra Timeshare Receivables Funding LLC
Series 2015-1A, Class A,
2.40%, 03/22/2032 (A)		$   182,357		$   182,078
Series 2015-3A, Class B,
3.08%, 09/20/2032 (A)		706,834		705,562
Series 2018-2A, Class A,
3.50%, 06/20/2035 (A)		694,984		709,715
Synchrony Credit Card Master Note Trust
Series 2017-2, Class C,
3.01%, 10/15/2025		640,000		644,948
Toyota Auto Loan Extended Note Trust
Series 2019-1A, Class A,
2.56%, 11/25/2031 (A)		2,500,000		2,524,718
Verizon Owner Trust
Series 2018-1A, Class C,
3.20%, 09/20/2022 (A)		1,530,000		1,547,771
Series 2018-A, Class B,
3.38%, 04/20/2023		1,500,000		1,538,293
Series 2019-A, Class C,
3.22%, 09/20/2023		725,000		738,880
Series 2019-B, Class C,
2.60%, 12/20/2023		1,535,000		1,538,808
Volvo Financial Equipment LLC
Series 2018-1A, Class C,
3.06%, 12/15/2025 (A)		2,500,000		2,511,445
Series 2019-1A, Class B,
3.26%, 01/16/2024 (A)		660,000		676,339
VSE VOI Mortgage LLC
Series 2016-A, Class A,
2.54%, 07/20/2033 (A)		1,260,990		1,256,589
World Omni Auto Receivables Trust
Series 2018-A, Class B,
2.89%, 04/15/2025		1,500,000		1,516,138
Series 2019-B, Class B,
2.86%, 06/16/2025		625,000		632,661
World Omni Automobile Lease Securitization Trust
Series 2018-B, Class B,
3.43%, 03/15/2024		1,700,000		1,726,470
World Omni Select Auto Trust
Series 2018-1A, Class C,
3.86%, 01/15/2025 (A)		1,500,000		1,538,814
Total Asset-Backed Securities (Cost $99,419,246)				100,615,075
CORPORATE DEBT SECURITIES - 36.9%
Aerospace & Defense - 0.7%
General Dynamics Corp.
3.00%, 05/11/2021		1,590,000		1,614,606
Airlines - 2.3%
America West Airlines Pass-Through Trust
7.10%, 10/02/2022		1,371,848		1,413,005
American Airlines Pass-Through Trust
4.95%, 07/15/2024		1,474,929		1,547,496
United Airlines Pass-Through Trust
4.63%, 03/03/2024		2,340,428		2,404,322
				5,364,823
Banks - 11.0%
Banco del Estado de Chile
2.67%, 01/08/2021 (A)		1,150,000		1,150,012
3.88%, 02/08/2022 (A)		1,552,000		1,608,750
Bank of America Corp.
Fixed until 01/20/2022, 3.12% (B), 01/20/2023, MTN		2,450,000		2,485,948

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Banks (continued)
Bank of Montreal
3.10%, 04/13/2021, MTN		$   1,160,000		$   1,177,621
Bank of Nova Scotia
2.70%, 03/07/2022		1,270,000		1,282,902
Barclays Bank PLC
5.14%, 10/14/2020		1,000,000		1,025,340
Barclays PLC
2.75%, 11/08/2019		1,000,000		999,053
3-Month LIBOR + 2.11%, 4.66% (B), 08/10/2021		635,000		649,633
Citigroup, Inc.
4.05%, 07/30/2022		3,425,000		3,561,308
HSBC Bank NA
4.88%, 08/24/2020		2,252,000		2,306,277
HSBC USA, Inc.
5.00%, 09/27/2020		265,000		272,284
Huntington National Bank
3.25%, 05/14/2021		3,000,000		3,042,482
JPMorgan Chase & Co.
2.55%, 10/29/2020		1,000,000		1,001,840
3.38%, 05/01/2023		1,249,000		1,280,763
Manufacturers & Traders Trust Co.
1-Month LIBOR + 1.22%, 3.46% (B), 12/28/2020		1,760,000		1,760,995
Wells Fargo & Co.
3.07%, 01/24/2023		2,415,000		2,450,323
				26,055,531
Biotechnology - 1.5%
AbbVie, Inc.
2.50%, 05/14/2020		2,700,000		2,699,718
2.90%, 11/06/2022		930,000		938,245
				3,637,963
Capital Markets - 2.8%
Goldman Sachs Group, Inc.
3-Month LIBOR + 0.78%, 3.04% (B), 10/31/2022		3,500,000		3,509,876
Morgan Stanley
4.88%, 11/01/2022		3,000,000		3,204,589
				6,714,465
Chemicals - 1.0%
DuPont de Nemours, Inc.
3-Month LIBOR + 1.11%, 3.63% (B), 11/15/2023		2,400,000		2,419,062
Consumer Finance - 2.6%
Capital One Financial Corp.
3.50%, 06/15/2023		965,000		996,400
Ford Motor Credit Co. LLC
3.34%, 03/28/2022		1,351,000		1,351,515
8.13%, 01/15/2020		1,000,000		1,024,208
General Motors Financial Co., Inc.
4.15%, 06/19/2023		2,200,000		2,273,109
Volkswagen Group of America Finance LLC
4.00%, 11/12/2021 (A)		500,000		515,498
				6,160,730
Diversified Telecommunication Services - 1.0%
AT&T, Inc.
3.00%, 06/30/2022		2,245,000		2,278,937

The notes are an integral part of this report. Transamerica Funds Page    2

Transamerica High Quality Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Electric Utilities - 1.7%
Georgia Power Co.
2.40%, 04/01/2021		$   1,095,000		$   1,094,764
Mississippi Power Co.
3-Month LIBOR + 0.65%, 2.96% (B), 03/27/2020		1,625,000		1,625,463
Southern California Edison Co.
3.40%, 06/01/2023		1,250,000		1,279,328
				3,999,555
Equity Real Estate Investment Trusts - 2.0%
Simon Property Group, LP
4.13%, 12/01/2021		2,000,000		2,072,074
SL Green Operating Partnership, LP
3-Month LIBOR + 0.98%, 3.50% (B), 08/16/2021		2,650,000		2,650,656
				4,722,730
Food Products - 1.4%
Campbell Soup Co.
3-Month LIBOR + 0.63%, 3.04% (B), 03/15/2021		3,300,000		3,300,557
Health Care Providers & Services - 0.4%
Cigna Corp.
3.40%, 09/17/2021 (A)		905,000		920,981
Household Durables - 1.0%
Panasonic Corp.
2.54%, 07/19/2022 (A)		2,400,000		2,400,151
Insurance - 1.6%
Allstate Corp.
3-Month LIBOR + 0.43%, 2.76% (B), 03/29/2021		800,000		801,459
Aon Corp.
5.00%, 09/30/2020		1,000,000		1,029,261
Marsh & McLennan Cos., Inc.
3.50%, 12/29/2020		2,000,000		2,029,580
				3,860,300
Media - 0.9%
Comcast Corp.
3.45%, 10/01/2021		1,160,000		1,189,080
Interpublic Group of Cos., Inc.
4.00%, 03/15/2022		1,025,000		1,054,571
				2,243,651
Metals & Mining - 0.8%
ArcelorMittal
5.13%, 06/01/2020 (C)		1,869,000		1,907,195
Oil, Gas & Consumable Fuels - 3.1%
Andeavor Logistics, LP / Tesoro Logistics Finance Corp.
5.50%, 10/15/2019		1,512,000		1,516,632
6.25%, 10/15/2022		2,628,000		2,692,149
Energy Transfer Operating, LP
7.50%, 10/15/2020		2,000,000		2,112,206
Kinder Morgan, Inc.
3.05%, 12/01/2019		1,025,000		1,026,021
				7,347,008

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Road & Rail - 0.3%
Union Pacific Corp.
2.95%, 03/01/2022		$   825,000		$   838,087
Technology Hardware, Storage & Peripherals - 0.5%
Hewlett Packard Enterprise Co.
3-Month LIBOR + 0.72%, 3.01% (B), 10/05/2021		1,285,000		1,285,429
Wireless Telecommunication Services - 0.3%
America Movil SAB de CV
5.00%, 03/30/2020		734,000		745,649
Total Corporate Debt Securities (Cost $86,832,097)				87,817,410
FOREIGN GOVERNMENT OBLIGATION - 0.4%
Republic of Korea - 0.4%
Export-Import Bank of Korea
3-Month LIBOR + 0.46%, 2.74% (B), 10/21/2019		1,000,000		1,000,306
Total Foreign Government Obligation (Cost $1,000,021)				1,000,306
MORTGAGE-BACKED SECURITIES - 9.5%
Benchmark Mortgage Trust, Interest Only STRIPS
Series 2019-B12, Class XA,
1.21% (B), 08/15/2052 (D)		35,914,000		2,766,990
BX Commercial Mortgage Trust
Series 2018-BIOA, Class C,
1-Month LIBOR + 1.12%, 3.45% (B), 03/15/2037 (A)		2,200,000		2,201,353
Series 2018-IND, Class D,
1-Month LIBOR + 1.30%, 3.63% (B), 11/15/2035 (A)		1,299,398		1,300,213
BX Trust
Series 2018-MCSF, Class D,
1-Month LIBOR + 1.45%, 3.78% (B), 04/15/2035 (A)		2,000,000		1,989,991
CGDBB Commercial Mortgage Trust
Series 2017-BIOC, Class D,
1-Month LIBOR + 1.60%, 3.93% (B), 07/15/2032 (A)		1,900,000		1,903,569
CHC Commercial Mortgage Trust
Series 2019-CHC, Class D,
1-Month LIBOR + 2.05%, 4.45% (B), 06/15/2034 (A)		2,700,000		2,704,221
Credit Suisse Mortgage Capital Certificates
Series 2019-ICE4, Class B,
1-Month LIBOR + 1.23%, 3.56% (B), 05/15/2036 (A)		1,800,000		1,804,508
DBCG Mortgage Trust
Series 2018-BIOD, Class D,
1-Month LIBOR + 1.30%, 3.63% (B), 05/15/2035 (A)		2,784,417		2,783,520
GS Mortgage Securities Corp. Trust
Series 2016-RENT, Class D,
4.07% (B), 02/10/2029 (A)		2,000,000		2,018,240

The notes are an integral part of this report. Transamerica Funds Page    3

Transamerica High Quality Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
MORTGAGE-BACKED SECURITIES (continued)
USB Commercial Mortgage Trust
Series 2018-C11, Class XA,
0.81% (B), 06/15/2051		$   32,740,265		$   1,805,721
Series 2019-C16, Class XA,
1.56% (B), 04/15/2052		12,486,322		1,396,719
Total Mortgage-Backed Securities (Cost $22,560,783)				22,675,045
U.S. GOVERNMENT AGENCY OBLIGATIONS - 3.6%
Federal Home Loan Mortgage Corp.
3.50%, 06/25/2028		984,283		1,018,521
4.50%, 09/01/2026		457,305		473,775
1-Year CMT + 2.04%, 4.58% (B), 06/01/2033		620,014		649,696
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates
0.10% (B), 05/25/2023		201,003,718		817,422
Federal National Mortgage Association
Zero Coupon (B), 10/25/2021		27,400,817		71,012
0.10% (B), 11/25/2022		63,887,119		175,089
0.21% (B), 01/25/2022		24,404,666		112,261
1.95%, 11/01/2020		2,630,000		2,622,433
Government National Mortgage Association
0.70% (B), 09/16/2059		14,612,651		926,141
4.19% (B), 12/20/2061		186,248		187,477
4.51% (B), 09/20/2063		64,304		65,271
4.56% (B), 02/20/2063		327,509		331,006
4.77% (B), 06/20/2063		276,900		279,085
4.83% (B), 05/20/2062		251,948		256,225
5.25% (B), 11/20/2060		245,530		247,207
5.30% (B), 04/20/2061		130,363		131,761
5.75%, 12/15/2022		132,700		138,165
Total U.S. Government Agency Obligations (Cost $8,745,739)				8,502,547
U.S. GOVERNMENT OBLIGATIONS - 5.1%
U.S. Treasury - 5.1%
U.S. Treasury Note
1.50%, 05/15/2020		2,200		2,190
1.75%, 11/30/2021		4,710,000		4,695,649
2.00%, 05/31/2024		2,500,000		2,518,457
2.50%, 02/15/2022		1,800,000		1,827,984
2.75%, 09/15/2021		3,000,000		3,054,258
Total U.S. Government Obligations (Cost $12,028,311)				12,098,538
	Shares		Value
OTHER INVESTMENT COMPANY - 0.1%
Securities Lending Collateral - 0.1%
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 2.32% (E)		193,200		193,200
Total Other Investment Company (Cost $193,200)				193,200
Total Investments (Cost $230,779,397)				232,902,121
Net Other Assets (Liabilities) - 2.1%				4,943,936
Net Assets - 100.0%				$  237,846,057

The notes are an integral part of this report. Transamerica Funds Page    4

Transamerica High Quality Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

SECURITY VALUATION:

Valuation Inputs ^(F)

	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Asset-Backed Securities	$	—	$	100,615,075	$	—	$	100,615,075
Corporate Debt Securities		—		87,817,410		—		87,817,410
Foreign Government Obligation		—		1,000,306		—		1,000,306
Mortgage-Backed Securities		—		22,675,045		—		22,675,045
U.S. Government Agency Obligations		—		8,502,547		—		8,502,547
U.S. Government Obligations		—		12,098,538		—		12,098,538
Other Investment Company		193,200		—		—		193,200
Total Investments	$	193,200	$	232,708,921	$	—	$	232,902,121

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	Securities are registered pursuant to Rule 144A of the Securities Act of 1933. Unless otherwise indicated, the securities are deemed to be liquid for purposes of compliance limitations on holdings of illiquid securities and may be resold as transactions exempt from registration, normally to qualified institutional buyers. At July 31, 2019, the total value of 144A securities is $59,875,516, representing 25.2% of the Fund’s net assets.
(B)	Floating or variable rate securities. The rates disclosed are as of July 31, 2019. For securities based on a published reference rate and spread, the reference rate and spread are indicated within the description. Variable rate securities with a floor or ceiling feature are disclosed at the inherent rate, where applicable. Certain variable rate securities are not based on a published reference rate and spread, but are determined by the issuer or agent and are based on current market conditions; these securities do not indicate a reference rate and spread in the description.
(C)	All or a portion of the security is on loan. The value of the security on loan is $189,312. The amount on loan indicated may not correspond with the security on loan identified because a security with pending sales are in the process of recall from the brokers.
(D)	When-issued, delayed-delivery and/or forward commitment (including TBAs) security. Security to be settled and delivered after July 31, 2019. Security may display a coupon rate of 0.00%, as the rate is to be determined at time of settlement.
(E)	Rate disclosed reflects the yield at July 31, 2019.
(F)	There were no transfers in or out of Level 3 during the period ended July 31, 2019. Please reference the Security Valuation section of the Notes to Schedules of Investments for more information regarding security valuation and pricing inputs.

PORTFOLIO ABBREVIATIONS:

CMT	Constant Maturity Treasury
LIBOR	London Interbank Offered Rate
MTN	Medium Term Note
STRIPS	Separate Trading of Registered Interest and Principal of Securities

The notes are an integral part of this report. Transamerica Funds Page    5

Transamerica High Yield Bond

SCHEDULE OF INVESTMENTS

At July 31, 2019

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES - 91.6%
Aerospace & Defense - 1.1%
Bombardier, Inc.
6.13%, 01/15/2023 (A)		$  5,720,000		$  5,805,800
7.88%, 04/15/2027 (A)		1,705,000		1,726,312
Triumph Group, Inc.
5.25%, 06/01/2022 (B)		4,732,000		4,684,680
7.75%, 08/15/2025 (B)		3,390,000		3,398,475
				15,615,267
Airlines - 1.2%
American Airlines Group, Inc.
5.00%, 06/01/2022 (A)		879,000		904,359
5.50%, 10/01/2019 (A)		3,211,000		3,221,596
American Airlines Pass-Through Trust
5.60%, 01/15/2022 (A)		3,498,317		3,562,336
5.63%, 07/15/2022 (A)		2,004,768		2,051,680
Continental Airlines Pass-Through Trust
5.50%, 04/29/2022		540,107		552,692
6.90%, 10/19/2023		1,677,055		1,741,621
United Airlines Holdings, Inc.
4.25%, 10/01/2022		615,000		630,375
4.88%, 01/15/2025		3,468,000		3,624,060
United Airlines Pass-Through Trust
4.63%, 03/03/2024		1,237,468		1,271,251
				17,559,970
Auto Components - 0.8%
Dana, Inc.
6.00%, 09/15/2023		3,305,000		3,375,231
Goodyear Tire & Rubber Co.
4.88%, 03/15/2027 (B)		1,656,000		1,570,550
5.00%, 05/31/2026 (B)		2,803,000		2,796,413
Panther BF Aggregator 2, LP / Panther Finance Co., Inc.
6.25%, 05/15/2026 (A)		2,244,000		2,321,867
8.50%, 05/15/2027 (A)		2,408,000		2,447,130
				12,511,191
Banks - 4.0%
Bank of America Corp.
Fixed until 06/20/2024 (C), 5.13% (D)		3,507,000		3,546,629
Barclays PLC
Fixed until 06/20/2029, 5.09% (D), 06/20/2030		1,675,000		1,694,587
Fixed until 09/15/2023 (C), 7.75% (D)		4,982,000		5,075,412
Fixed until 06/15/2024 (C), 8.00% (D)		1,512,000		1,588,054
BNP Paribas SA
Fixed until 03/14/2022 (C), 6.75% (A) (D)		3,950,000		4,127,750
Fixed until 03/30/2021 (C), 7.63% (A) (D)		2,298,000		2,421,586
CIT Group, Inc.
4.75%, 02/16/2024		666,000		706,793
5.00%, 08/15/2022		3,080,000		3,264,800
Citigroup, Inc.
Fixed until 03/27/2020 (C), 5.88% (D)		6,078,000		6,161,572
Intesa Sanpaolo SpA
5.71%, 01/15/2026 (A)		5,632,000		5,804,833
JPMorgan Chase & Co.
3-Month LIBOR + 3.47%, 5.74% (D), 10/30/2019 (C)		3,348,000		3,364,740

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Banks (continued)
Lloyds Banking Group PLC
Fixed until 06/27/2024 (C), 7.50% (D)		$   5,585,000		$   5,853,918
Fixed until 09/27/2025 (C), 7.50% (D)		709,000		742,323
Royal Bank of Scotland Group PLC
Fixed until 08/15/2021 (C), 8.63% (D)		3,660,000		3,893,325
Societe Generale SA
Fixed until 09/13/2021 (C), 7.38% (A) (D)		5,338,000		5,558,192
UniCredit SpA
6.57%, 01/14/2022 (A)		4,270,000		4,569,470
				58,373,984
Beverages - 0.4%
Cott Holdings, Inc.
5.50%, 04/01/2025 (A)		5,510,000		5,647,750
Building Products - 2.4%
Associated Materials LLC / AMH New Finance, Inc.
9.00%, 01/01/2024 (A)		10,127,000		9,544,697
Builders FirstSource, Inc.
5.63%, 09/01/2024 (A)		2,078,000		2,150,730
6.75%, 06/01/2027 (A)		5,498,000		5,786,645
Cornerstone Building Brands, Inc.
8.00%, 04/15/2026 (A) (B)		9,908,000		9,660,300
Griffon Corp.
5.25%, 03/01/2022		8,224,000		8,193,160
				35,335,532
Capital Markets - 1.2%
Credit Suisse Group AG
Fixed until 12/18/2024 (C), 6.25% (A) (D)		1,350,000		1,421,717
Fixed until 09/12/2025 (C), 7.25% (A) (D)		2,450,000		2,621,500
Fixed until 07/17/2023 (C), 7.50% (A) (D)		1,875,000		1,992,188
Fixed until 12/11/2023 (C), 7.50% (A) (D)		6,403,000		7,062,509
Goldman Sachs Capital II
3-Month LIBOR + 0.77%, 4.00% (D), 09/03/2019 (C)		1,048,000		856,122
Goldman Sachs Group, Inc.
3-Month LIBOR + 3.88%, 6.43% (D), 09/03/2019 (C)		4,162,000		4,172,405
				18,126,441
Chemicals - 2.0%
Eagle Intermediate Global Holding BV / Ruyi Finance LLC
7.50%, 05/01/2025 (A)		3,304,000		3,105,760
Hexion, Inc.
7.88%, 07/15/2027 (A)		3,450,000		3,415,500
NOVA Chemicals Corp.
4.88%, 06/01/2024 (A)		8,059,000		8,302,382
5.25%, 06/01/2027 (A)		5,869,000		6,120,017
OCI NV
6.63%, 04/15/2023 (A)		1,434,000		1,491,360
Olin Corp.
5.13%, 09/15/2027		3,692,000		3,712,112
5.63%, 08/01/2029		2,736,000		2,807,820
				28,954,951
Commercial Services & Supplies - 1.9%
Ashtead Capital, Inc.
5.25%, 08/01/2026 (A)		3,642,000		3,805,890

The notes are an integral part of this report. Transamerica Funds Page    1

Transamerica High Yield Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Commercial Services & Supplies (continued)
Avis Budget Car Rental LLC / Avis Budget Finance, Inc.
5.50%, 04/01/2023		$   2,356,000		$   2,400,764
5.75%, 07/15/2027 (A)		4,288,000		4,330,880
6.38%, 04/01/2024 (A) (B)		2,208,000		2,307,360
Garda World Security Corp.
8.75%, 05/15/2025 (A)		6,008,000		6,143,180
Herc Holdings, Inc.
5.50%, 07/15/2027 (A)		5,624,000		5,631,030
Stericycle, Inc.
5.38%, 07/15/2024 (A)		3,060,000		3,195,680
				27,814,784
Communications Equipment - 0.9%
CommScope Technologies LLC
5.00%, 03/15/2027 (A)		779,000		657,040
6.00%, 06/15/2025 (A)		7,578,000		6,895,980
CommScope, Inc.
5.50%, 03/01/2024 (A)		1,255,000		1,270,687
6.00%, 03/01/2026 (A)		1,685,000		1,703,451
8.25%, 03/01/2027 (A) (B)		1,679,000		1,653,815
Nokia OYJ
3.38%, 06/12/2022		1,764,000		1,791,906
				13,972,879
Construction & Engineering - 1.8%
Abengoa Abenewco 2 SAU
PIK Rate 1.50%, Cash Rate 0.00%, 04/26/2024 (A) (E)		3,870,800		97,738
Ashton Woods USA LLC / Ashton Woods Finance Co.
6.75%, 08/01/2025 (A)		2,725,000		2,650,063
9.88%, 04/01/2027 (A)		5,933,000		6,288,980
Weekley Homes LLC / Weekley Finance Corp.
6.00%, 02/01/2023		3,447,000		3,447,000
William Lyon Homes, Inc.
5.88%, 01/31/2025		4,442,000		4,442,000
6.00%, 09/01/2023		2,000,000		2,015,000
6.63%, 07/15/2027 (A)		3,890,000		3,870,550
7.00%, 08/15/2022 2/7/2018 - 5/9/2018 (F)		4,219,000		4,225,328
				27,036,659
Consumer Finance - 1.9%
Ally Financial, Inc.
3.88%, 05/21/2024		2,474,000		2,554,405
5.75%, 11/20/2025 (B)		1,627,000		1,816,139
8.00%, 03/15/2020		1,425,000		1,469,531
Altice Financing SA
7.50%, 05/15/2026 (A)		6,692,000		7,009,870
Navient Corp.
5.00%, 10/26/2020		2,713,000		2,768,956
5.88%, 10/25/2024		3,955,000		4,053,875
6.50%, 06/15/2022		3,408,000		3,628,498
6.63%, 07/26/2021		1,020,000		1,082,036
Springleaf Finance Corp.
7.13%, 03/15/2026		2,705,000		3,038,053
8.25%, 12/15/2020		551,000		587,674
				28,009,037
Containers & Packaging - 3.6%
ARD Finance SA
PIK Rate 7.88%, Cash Rate, 7.13%, 09/15/2023 (E)		3,766,000		3,878,980

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Containers & Packaging (continued)
Ardagh Packaging Finance PLC / Ardagh Holdings USA, Inc.
6.00%, 02/15/2025 (A)		$   3,857,000		$   3,982,352
7.25%, 05/15/2024 (A)		4,840,000		5,108,717
Crown Americas LLC / Crown Americas Capital Corp. VI
4.75%, 02/01/2026		5,514,000		5,668,392
Flex Acquisition Co., Inc.
6.88%, 01/15/2025 (A)		2,805,000		2,489,438
7.88%, 07/15/2026 (A)		2,956,000		2,675,180
Greif, Inc.
6.50%, 03/01/2027 (A)		4,228,000		4,407,690
Mauser Packaging Solutions Holding Co.
5.50%, 04/15/2024 (A)		4,931,000		4,923,357
7.25%, 04/15/2025 (A)		1,207,000		1,143,633
OI European Group BV
4.00%, 03/15/2023 (A)		2,545,000		2,557,725
Owens-Brockway Glass Container, Inc.
5.88%, 08/15/2023 (A)		3,860,000		4,154,325
6.38%, 08/15/2025 (A)		820,000		895,081
Reynolds Group Issuer, Inc. / Reynolds Group Issuer LLC
5.13%, 07/15/2023 (A)		2,268,000		2,307,690
5.75%, 10/15/2020		2,175,647		2,183,544
6.88%, 02/15/2021		1,429,467		1,433,040
7.00%, 07/15/2024 (A)		3,080,000		3,187,800
Trivium Packaging Finance BV
5.50%, 08/15/2026 (A) (G)		1,239,000		1,277,719
8.50%, 08/15/2027 (A) (G)		389,000		410,508
				52,685,171
Diversified Consumer Services - 0.0% (H)
Sotheby’s
4.88%, 12/15/2025 (A)		555,000		577,200
Diversified Financial Services - 3.0%
Avation Capital SA
6.50%, 05/15/2021 (A)		3,305,000		3,395,888
DAE Funding LLC
4.50%, 08/01/2022 (A)		1,573,000		1,600,999
5.00%, 08/01/2024 (A)		1,639,000		1,726,605
5.25%, 11/15/2021 (A)		1,514,000		1,582,130
5.75%, 11/15/2023 (A)		1,520,000		1,597,900
Dana Financing Sarl
5.75%, 04/15/2025 (A)		10,882,000		11,018,025
ILFC E-Capital Trust I
1.55% + Max of 3-Month LIBOR, 10-Year CMT, or 30-Year CMT, 4.09% (D), 12/21/2065 (A)		8,362,000		5,853,400
ILFC E-Capital Trust II
1.80% + Max of 3-Month LIBOR, 15-Year CMT or 30-Year CMT, 4.34% (D), 12/21/2065 (A)		1,171,000		837,265
Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp.
5.25%, 03/15/2022 (A)		5,770,000		5,914,250
Virgin Media Secured Finance PLC
5.25%, 01/15/2026 (A)		5,688,000		5,815,980
5.50%, 05/15/2029 (A)		5,405,000		5,537,422
				44,879,864
Diversified Telecommunication Services - 4.0%
CenturyLink, Inc.
5.80%, 03/15/2022		3,843,000		3,996,720

The notes are an integral part of this report. Transamerica Funds Page    2

Transamerica High Yield Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Diversified Telecommunication Services (continued)
CenturyLink, Inc. (continued)
6.45%, 06/15/2021		$   1,564,000		$   1,640,323
6.75%, 12/01/2023 (B)		2,368,000		2,555,427
7.50%, 04/01/2024		1,917,000		2,098,521
Frontier Communications Corp.
7.63%, 04/15/2024		6,057,000		3,339,224
8.50%, 04/01/2026 (A)		1,542,000		1,506,842
8.75%, 04/15/2022		2,766,000		1,673,430
9.00%, 08/15/2031		5,484,000		2,975,070
11.00%, 09/15/2025 (B)		2,696,000		1,567,050
Hughes Satellite Systems Corp.
5.25%, 08/01/2026		328,000		347,516
6.63%, 08/01/2026		2,391,000		2,578,598
7.63%, 06/15/2021		6,342,000		6,808,898
Intelsat Jackson Holdings SA
8.00%, 02/15/2024 (A)		1,247,000		1,295,446
8.50%, 10/15/2024 (A)		5,849,000		5,834,962
9.50%, 09/30/2022 (A)		2,165,000		2,527,638
Level 3 Financing, Inc.
5.38%, 01/15/2024		2,314,000		2,345,517
Level 3 Parent LLC
5.75%, 12/01/2022		3,801,000		3,829,508
Sprint Capital Corp.
8.75%, 03/15/2032		3,669,000		4,554,146
UPCB Finance IV, Ltd.
5.38%, 01/15/2025 (A)		5,423,000		5,558,575
Virgin Media Finance PLC
6.00%, 10/15/2024 (A)		2,000,000		2,077,500
				59,110,911
Electric Utilities - 0.6%
Elwood Energy LLC
8.16%, 07/05/2026		4,180,631		4,556,888
NextEra Energy Operating Partners, LP
4.25%, 07/15/2024 (A)		2,213,000		2,243,429
Vistra Operations Co. LLC
5.00%, 07/31/2027 (A)		1,343,000		1,374,896
				8,175,213
Energy Equipment & Services - 2.1%
CSI Compressco, LP / CSI Compressco Finance, Inc.
7.25%, 08/15/2022		5,472,000		4,924,800
7.50%, 04/01/2025 (A)		1,431,000		1,423,845
Exterran Energy Solutions, LP / EES Finance Corp.
8.13%, 05/01/2025		3,859,000		3,916,885
Genesis Energy, LP / Genesis Energy Finance Corp.
6.50%, 10/01/2025		2,935,000		2,912,987
6.75%, 08/01/2022		5,420,000		5,514,200
KCA Deutag Finance PLC
9.63%, 04/01/2023 (A) (B)		5,055,000		3,437,400
Noble Holding International, Ltd.
6.05%, 03/01/2041		2,288,000		1,201,200
8.95%, 04/01/2045 (B)		2,283,000		1,426,875
Transocean Sentry, Ltd.
5.38%, 05/15/2023 (A)		2,591,000		2,597,478
USA Compression Partners, LP / USA Compression Finance Corp.
6.88%, 09/01/2027 (A)		3,012,000		3,132,209
				30,487,879

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Entertainment - 0.3%
Netflix, Inc.
5.38%, 11/15/2029 (A)		$   851,000		$   895,678
5.88%, 11/15/2028		3,851,000		4,226,472
				5,122,150
Equity Real Estate Investment Trusts - 2.5%
CBL & Associates, LP
5.25%, 12/01/2023 (B)		7,893,000		5,761,890
5.95%, 12/15/2026		22,000		15,561
HAT Holdings I LLC / HAT Holdings II LLC
5.25%, 07/15/2024 (A)		1,890,000		1,986,863
Iron Mountain, Inc.
5.25%, 03/15/2028 (A)		9,877,000		9,951,077
6.00%, 08/15/2023		2,000,000		2,038,780
iStar, Inc.
5.25%, 09/15/2022		1,438,000		1,461,252
6.00%, 04/01/2022		4,917,000		5,039,925
MGM Growth Properties Operating Partnership, LP / MGP Finance Co-Issuer, Inc.
5.75%, 02/01/2027 (A)		2,539,000		2,739,606
SBA Communications Corp.
4.00%, 10/01/2022		1,665,000		1,687,894
4.88%, 07/15/2022		6,000,000		6,060,120
				36,742,968
Food & Staples Retailing - 1.1%
Albertsons Cos. LLC / Safeway, Inc. / New Albertsons, LP
5.75%, 03/15/2025		4,674,000		4,767,480
6.63%, 06/15/2024		3,659,000		3,814,508
7.50%, 03/15/2026 (A) (B)		2,843,000		3,132,631
Rite Aid Corp.
6.13%, 04/01/2023 (A)		5,990,000		5,054,062
				16,768,681
Food Products - 1.6%
JBS USA LUX SA / JBS USA Finance, Inc.
5.75%, 06/15/2025 (A)		1,794,000		1,852,305
Pilgrim’s Pride Corp.
5.88%, 09/30/2027 (A)		8,022,000		8,423,100
Post Holdings, Inc.
5.00%, 08/15/2026 (A)		4,143,000		4,231,039
5.50%, 12/15/2029 (A)		1,120,000		1,132,600
5.63%, 01/15/2028 (A)		2,756,000		2,835,235
8.00%, 07/15/2025 (A)		4,454,000		4,765,780
				23,240,059
Health Care Providers & Services - 4.8%
CHS / Community Health Systems, Inc.
5.13%, 08/01/2021 (B)		1,445,000		1,430,550
6.25%, 03/31/2023		2,212,000		2,117,990
8.00%, 03/15/2026 (A)		8,385,000		8,039,119
8.13%, 06/30/2024 (A) (B)		1,120,000		851,200
DaVita, Inc.
5.13%, 07/15/2024		3,669,000		3,665,404
5.75%, 08/15/2022		3,863,000		3,903,562
Encompass Health Corp.
5.75%, 11/01/2024 - 09/15/2025		8,688,000		8,898,162
HCA Healthcare, Inc.
6.25%, 02/15/2021		3,888,000		4,074,080
HCA, Inc.
5.88%, 02/15/2026 - 02/01/2029		10,528,000		11,719,990
7.50%, 02/15/2022 - 11/06/2033		7,670,000		8,526,544

The notes are an integral part of this report. Transamerica Funds Page    3

Transamerica High Yield Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Health Care Providers & Services (continued)
Tenet Healthcare Corp.
4.38%, 10/01/2021		$   2,745,000		$   2,796,469
5.13%, 05/01/2025		1,268,000		1,263,511
6.00%, 10/01/2020		1,503,000		1,546,211
6.75%, 06/15/2023 (B)		2,401,000		2,464,026
8.13%, 04/01/2022		8,270,000		8,838,562
				70,135,380
Hotels, Restaurants & Leisure - 7.4%
Boyd Gaming Corp.
6.00%, 08/15/2026		1,911,000		1,996,995
6.38%, 04/01/2026		2,760,000		2,911,800
6.88%, 05/15/2023		6,165,000		6,373,069
Boyne, Inc.
7.25%, 05/01/2025 (A)		4,944,000		5,388,960
GLP Capital, LP / GLP Financing II, Inc.
5.25%, 06/01/2025		3,831,000		4,114,877
Hilton Domestic Operating Co., Inc.
4.88%, 01/15/2030 (A)		2,537,000		2,606,768
5.13%, 05/01/2026		4,585,000		4,763,173
International Game Technology PLC
6.25%, 02/15/2022 - 01/15/2027 (A)		7,217,000		7,613,377
6.50%, 02/15/2025 (A)		946,000		1,035,870
Marriott Ownership Resorts, Inc. / ILG LLC
6.50%, 09/15/2026		4,201,000		4,506,833
MGM Resorts International
5.50%, 04/15/2027		4,189,000		4,441,555
5.75%, 06/15/2025		6,384,000		6,900,785
6.63%, 12/15/2021		3,881,000		4,201,609
NCL Corp., Ltd.
4.75%, 12/15/2021 (A)		4,102,000		4,166,319
Rivers Pittsburgh Borrower, LP / Rivers Pittsburgh Finance Corp.
6.13%, 08/15/2021 (A)		5,046,000		5,121,690
Scientific Games International, Inc.
5.00%, 10/15/2025 (A)		3,947,000		4,035,808
8.25%, 03/15/2026 (A)		5,211,000		5,577,229
10.00%, 12/01/2022		6,492,000		6,768,040
Viking Cruises, Ltd.
5.88%, 09/15/2027 (A)		10,609,000		10,980,315
6.25%, 05/15/2025 (A)		4,926,000		5,073,780
Waterford Gaming LLC / Waterford Gaming Financial Corp.
8.63%, 09/15/2049 (A) (I) (J) (K) (L) (M)		1,066,313		0
Wyndham Destinations, Inc.
4.25%, 03/01/2022		1,780,000		1,801,716
5.40%, 04/01/2024		6,321,000		6,652,852
5.75%, 04/01/2027		2,681,000		2,851,914
				109,885,334
Household Durables - 2.8%
Beazer Homes, Inc.
5.88%, 10/15/2027 (B)		4,635,000		4,241,025
6.75%, 03/15/2025		699,000		692,010
7.25%, 02/01/2023		268,000		262,640
8.75%, 03/15/2022		2,633,000		2,727,314
Century Communities, Inc.
5.88%, 07/15/2025		7,937,000		7,976,685
6.75%, 06/01/2027 (A)		4,386,000		4,534,027
KB Home
7.50%, 09/15/2022		4,108,000		4,590,690
7.63%, 05/15/2023		5,380,000		5,998,700
Lennar Corp.
4.75%, 11/29/2027		3,513,000		3,688,650
5.00%, 06/15/2027		2,778,000		2,927,318

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Household Durables (continued)
Meritage Homes Corp.
5.13%, 06/06/2027		$   2,829,000		$   2,935,088
7.15%, 04/15/2020		953,000		976,825
				41,550,972
Independent Power & Renewable Electricity Producers - 1.2%
Calpine Corp.
5.25%, 06/01/2026 (A)		4,839,000		4,887,487
6.00%, 01/15/2022 (A)		5,079,000		5,117,093
NRG Energy, Inc.
7.25%, 05/15/2026		2,823,000		3,047,767
Vistra Energy Corp.
7.63%, 11/01/2024		3,843,000		4,030,346
				17,082,693
Insurance - 1.4%
Genworth Holdings, Inc.
4.80%, 02/15/2024 (B)		2,000,000		1,840,000
4.90%, 08/15/2023 (B)		2,924,000		2,719,320
Hartford Financial Services Group, Inc.
3-Month LIBOR + 2.13%, 4.64% (D), 02/12/2067 (A)		8,676,000		7,504,740
Lincoln National Corp.
3-Month LIBOR + 2.36%, 4.88% (D), 05/17/2066
		9,729,000		8,075,070
				20,139,130
IT Services - 0.5%
First Data Corp.
5.00%, 01/15/2024 (A)		2,523,000		2,584,814
5.75%, 01/15/2024 (A)		4,320,000		4,444,416
				7,029,230
Leisure Products - 0.3%
Mattel, Inc.
3.15%, 03/15/2023 (B)		1,554,000		1,495,725
5.45%, 11/01/2041		1,400,000		1,162,000
6.75%, 12/31/2025 (A)		2,012,000		2,115,155
				4,772,880
Machinery - 1.3%
Colfax Corp.
6.00%, 02/15/2024 (A)		2,885,000		3,055,395
6.38%, 02/15/2026 (A)		845,000		904,421
Meritor, Inc.
6.25%, 02/15/2024		8,976,000		9,245,280
Novelis Corp.
5.88%, 09/30/2026 (A)		1,793,000		1,857,996
6.25%, 08/15/2024 (A)		3,525,000		3,692,508
				18,755,600
Media - 8.6%
Adelphia Communications Corp.
9.25%, 10/01/2049 (J) (M) (N)		1,305,000		91
10.25%, 06/15/2049 - 11/01/2049 (J) (M) (N)		1,460,000		102
Altice France SA
7.38%, 05/01/2026 (A)		8,459,000		9,014,122
Altice SA
7.63%, 02/15/2025 (A)		1,450,000		1,421,058
Cablevision Systems Corp.
8.00%, 04/15/2020		2,116,000		2,182,125

The notes are an integral part of this report. Transamerica Funds Page    4

Transamerica High Yield Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Media (continued)
CCO Holdings LLC / CCO Holdings Capital Corp.
5.00%, 02/01/2028 (A)		$   3,937,000		$   4,040,543
5.25%, 03/15/2021		785,000		789,239
5.38%, 06/01/2029 (A)		1,590,000		1,647,638
5.50%, 05/01/2026 (A)		4,777,000		4,991,965
5.75%, 01/15/2024		13,362,000		13,645,942
5.75%, 02/15/2026 (A)		6,537,000		6,886,468
Clear Channel Worldwide Holdings, Inc.
6.50%, 11/15/2022		12,213,000		12,463,723
9.25%, 02/15/2024 2/7/2019 - 2/12/2019 (A) (F)		4,291,000		4,655,735
CSC Holdings LLC
6.50%, 02/01/2029 (A)		1,200,000		1,323,000
6.63%, 10/15/2025 (A)		7,331,000		7,789,188
7.50%, 04/01/2028 (A)		1,901,000		2,093,476
7.75%, 07/15/2025 (A) (B)		2,536,000		2,726,200
10.88%, 10/15/2025 (A)		2,107,000		2,400,020
Diamond Sports Group LLC / Diamond Sports Finance Co.
5.38%, 08/15/2026 (A) (G)		2,259,000		2,295,709
6.63%, 08/15/2027 (A) (G)		1,522,000		1,555,294
DISH DBS Corp.
5.00%, 03/15/2023		5,072,000		4,894,480
5.88%, 07/15/2022		975,000		985,501
6.75%, 06/01/2021		3,254,000		3,387,251
7.75%, 07/01/2026		10,256,000		10,050,880
Sirius XM Radio, Inc.
4.63%, 07/15/2024 (A)		1,978,000		2,035,955
5.50%, 07/01/2029 (A)		1,598,000		1,671,908
Unitymedia GmbH
6.13%, 01/15/2025 (A)		4,782,000		4,979,258
Univision Communications, Inc.
5.13%, 05/15/2023 (A)		9,356,000		9,288,637
Ziggo Bond Co. BV
6.00%, 01/15/2027 (A)		3,225,000		3,270,150
Ziggo BV
5.50%, 01/15/2027 (A)		3,752,000		3,841,110
				126,326,768
Metals & Mining - 3.5%
Alcoa Nederland Holding BV
7.00%, 09/30/2026 (A)		3,945,000		4,226,081
Cleveland-Cliffs, Inc.
4.88%, 01/15/2024 (A)		3,126,000		3,204,150
5.75%, 03/01/2025 (B)		710,000		721,005
5.88%, 06/01/2027 (A)		3,403,000		3,420,015
Constellium SE
5.75%, 05/15/2024 (A)		1,839,000		1,894,170
6.63%, 03/01/2025 (A) (B)		6,214,000		6,509,165
First Quantum Minerals, Ltd.
7.25%, 04/01/2023 (A)		1,918,000		1,898,820
Freeport-McMoRan, Inc.
4.55%, 11/14/2024		1,500,000		1,537,800
5.45%, 03/15/2043		5,050,000		4,684,885
6.88%, 02/15/2023		4,751,000		5,000,427
Mineral Resources, Ltd.
8.13%, 05/01/2027 (A)		3,492,000		3,666,251
New Gold, Inc.
6.25%, 11/15/2022 (A)		2,858,000		2,729,390
6.38%, 05/15/2025 (A) (B)		4,117,000		3,561,205
Teck Resources, Ltd.
6.00%, 08/15/2040		6,513,000		7,115,020
6.25%, 07/15/2041		643,000		726,962
				50,895,346

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Oil, Gas & Consumable Fuels - 10.8%
Brazos Valley Longhorn LLC / Brazos Valley Longhorn Finance Corp.
6.88%, 02/01/2025		$   2,789,000		$   2,579,825
Callon Petroleum Co.
6.13%, 10/01/2024		5,722,000		5,593,369
6.38%, 07/01/2026		1,680,000		1,638,000
Carrizo Oil & Gas, Inc.
6.25%, 04/15/2023 (B)		2,263,000		2,222,266
8.25%, 07/15/2025		4,208,000		4,208,000
Cheniere Corpus Christi Holdings LLC
5.88%, 03/31/2025		2,801,000		3,081,380
Cheniere Energy Partners, LP
5.63%, 10/01/2026		3,609,000		3,816,517
Chesapeake Energy Corp.
7.00%, 10/01/2024 (B)		2,717,000		2,221,148
7.50%, 10/01/2026 (B)		1,835,000		1,440,475
8.00%, 06/15/2027 (B)		5,422,000		4,337,600
Continental Resources, Inc.
5.00%, 09/15/2022		3,397,000		3,418,734
CrownRock, LP / CrownRock Finance, Inc.
5.63%, 10/15/2025 (A)		5,254,000		5,175,190
DCP Midstream Operating, LP
5.38%, 07/15/2025		851,000		903,141
DCP Midstream, LP
Fixed until 12/15/2022 (C), 7.38% (D)		3,349,000		3,296,957
Denbury Resources, Inc.
7.75%, 02/15/2024 (A) (B)		1,903,000		1,393,948
9.00%, 05/15/2021 (A)		4,262,000		4,016,935
eG Global Finance PLC
6.75%, 02/07/2025 (A)		3,662,000		3,675,732
EP Energy LLC / Everest Acquisition Finance, Inc.
7.75%, 05/15/2026 (A)		3,079,000		2,746,468
8.00%, 11/29/2024 (A)		1,526,000		1,010,975
Gulfport Energy Corp.
6.00%, 10/15/2024		1,670,000		1,285,733
6.38%, 05/15/2025 - 01/15/2026		5,590,000		4,267,940
HighPoint Operating Corp.
8.75%, 06/15/2025		4,089,000		3,802,770
Kinder Morgan, Inc.
8.05%, 10/15/2030, MTN		2,486,000		3,272,886
Moss Creek Resources Holdings, Inc.
7.50%, 01/15/2026 (A)		853,000		667,473
10.50%, 05/15/2027 (A)		2,410,000		2,120,800
NuStar Logistics, LP
4.80%, 09/01/2020		7,306,000		7,406,457
5.63%, 04/28/2027		2,956,000		3,051,065
6.00%, 06/01/2026		531,000		560,205
6.75%, 02/01/2021		2,632,000		2,750,440
Oasis Petroleum, Inc.
6.25%, 05/01/2026 (A) (B)		2,399,000		2,272,813
6.88%, 03/15/2022		5,870,000		5,842,704
Parkland Fuel Corp.
5.88%, 07/15/2027 (A)		2,935,000		3,019,381
Parsley Energy LLC / Parsley Finance Corp.
5.25%, 08/15/2025 (A)		1,778,000		1,791,335
5.38%, 01/15/2025 (A)		3,704,000		3,750,522
PDC Energy, Inc.
6.13%, 09/15/2024		5,709,000		5,637,637
Shelf Drilling Holdings, Ltd.
8.25%, 02/15/2025 (A)		4,416,000		4,062,720
SM Energy Co.
6.13%, 11/15/2022		3,265,000		3,191,537
6.63%, 01/15/2027 (B)		2,373,000		2,067,476
6.75%, 09/15/2026		812,000		730,800

The notes are an integral part of this report. Transamerica Funds Page    5

Transamerica High Yield Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Oil, Gas & Consumable Fuels (continued)
Southwestern Energy Co.
7.50%, 04/01/2026 (B)		$   4,043,000		$   3,537,625
Summit Midstream Holdings LLC / Summit Midstream Finance Corp.
5.75%, 04/15/2025 (B)		2,540,000		2,184,400
Summit Midstream Partners, LP
Fixed until 12/15/2022 (C), 9.50% (D)		4,110,000		3,072,225
Targa Resources Partners, LP / Targa Resources Partners Finance Corp.
5.00%, 01/15/2028		3,140,000		3,183,175
5.13%, 02/01/2025		4,256,000		4,383,680
5.88%, 04/15/2026		2,030,000		2,143,579
6.50%, 07/15/2027 (A)		1,228,000		1,337,010
6.75%, 03/15/2024		5,238,000		5,421,330
Ultra Resources, Inc.
6.88%, 04/15/2022 (A)		811,000		68,935
7.13%, 04/15/2025 (A)		3,098,000		247,840
Whiting Petroleum Corp.
5.75%, 03/15/2021		3,427,000		3,431,284
6.63%, 01/15/2026 (B)		3,734,000		3,519,295
WPX Energy, Inc.
5.25%, 09/15/2024		3,026,000		3,041,130
8.25%, 08/01/2023		4,190,000		4,713,750
				158,614,612
Paper & Forest Products - 0.6%
Boise Cascade Co.
5.63%, 09/01/2024 (A)		1,500,000		1,537,500
Norbord, Inc.
6.25%, 04/15/2023 (A)		6,267,000		6,643,020
				8,180,520
Pharmaceuticals - 2.0%
Bausch Health Americas, Inc.
8.50%, 01/31/2027 (A)		935,000		1,029,762
Bausch Health Cos., Inc.
5.50%, 11/01/2025 (A)		1,745,000		1,814,800
5.88%, 05/15/2023 (A)		4,234,000		4,264,485
6.13%, 04/15/2025 (A)		7,228,000		7,435,805
6.50%, 03/15/2022 (A)		866,000		897,826
7.00%, 01/15/2028 (A)		1,755,000		1,818,619
Endo Dac / Endo Finance LLC
6.00%, 07/15/2023 (A)		8,012,000		5,087,620
Endo Finance LLC / Endo Finco, Inc.
5.38%, 01/15/2023 (A)		1,221,000		775,335
Par Pharmaceutical, Inc.
7.50%, 04/01/2027 (A)		2,019,000		1,832,242
Teva Pharmaceutical Finance III BV
2.20%, 07/21/2021		1,000,000		938,450
6.75%, 03/01/2028 (B)		4,473,000		4,003,335
				29,898,279
Real Estate Management & Development - 0.1%
Realogy Group LLC / Realogy Co-Issuer Corp.
4.88%, 06/01/2023 (A) (B)		1,448,000		1,216,320
9.38%, 04/01/2027 (A) (B)		652,000		563,980
				1,780,300
Road & Rail - 1.0%
Avolon Holdings Funding, Ltd.
5.13%, 10/01/2023 (A)		3,558,000		3,780,731
5.25%, 05/15/2024 (A)		850,000		912,407

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Road & Rail (continued)
Hertz Corp.
5.50%, 10/15/2024 (A)		$   6,240,000		$   6,130,800
6.25%, 10/15/2022		1,515,000		1,530,302
7.13%, 08/01/2026 (A) (G)		2,038,000		2,081,409
Park Aerospace Holdings, Ltd.
5.25%, 08/15/2022 (A)		971,000		1,024,978
				15,460,627
Semiconductors & Semiconductor Equipment - 0.3%
NXP BV / NXP Funding LLC
3.88%, 09/01/2022 (A)		4,620,000		4,754,944
Software - 0.7%
Infor, Inc.
6.50%, 05/15/2022		7,346,000		7,474,555
Sophia, LP / Sophia Finance, Inc.
9.00%, 09/30/2023 (A)		3,281,000		3,391,734
				10,866,289
Specialty Retail - 1.1%
L Brands, Inc.
5.25%, 02/01/2028 (B)		700,000		648,375
6.75%, 07/01/2036		4,502,000		3,950,505
6.88%, 11/01/2035		6,144,000		5,468,160
7.50%, 06/15/2029		1,182,000		1,186,846
Staples, Inc.
7.50%, 04/15/2026 (A)		5,076,000		5,190,210
				16,444,096
Technology Hardware, Storage & Peripherals - 1.7%
Dell International LLC / EMC Corp.
5.88%, 06/15/2021 (A)		2,628,000		2,673,420
7.13%, 06/15/2024 (A)		6,511,000		6,885,405
8.35%, 07/15/2046 (A)		2,901,000		3,698,786
Diebold Nixdorf, Inc.
8.50%, 04/15/2024		69,000		67,534
Seagate HDD Cayman
4.25%, 03/01/2022 (B)		1,855,000		1,895,653
4.75%, 01/01/2025 (B)		1,044,000		1,058,858
4.88%, 03/01/2024		3,868,000		3,961,914
Western Digital Corp.
4.75%, 02/15/2026 (B)		5,178,000		5,119,747
				25,361,317
Trading Companies & Distributors - 1.1%
United Rentals North America, Inc.
4.63%, 10/15/2025		2,696,000		2,736,440
5.50%, 07/15/2025 - 05/15/2027		9,294,000		9,670,001
6.50%, 12/15/2026		3,657,000		3,975,891
				16,382,332
Wireless Telecommunication Services - 2.0%
Sprint Corp.
7.13%, 06/15/2024		10,138,000		11,101,110
7.25%, 09/15/2021		3,268,000		3,509,015
7.63%, 03/01/2026		1,850,000		2,067,430
T-Mobile, Inc.
4.00%, 04/15/2022 (B)		1,493,000		1,519,128
4.50%, 02/01/2026		2,854,000		2,907,512
6.50%, 01/15/2024		1,882,000		1,950,223

The notes are an integral part of this report. Transamerica Funds Page    6

Transamerica High Yield Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Wireless Telecommunication Services (continued)
Wind Tre SpA
5.00%, 01/20/2026 (A)		$   6,258,000		$   6,196,984
				29,251,402
Total Corporate Debt Securities (Cost $1,354,178,724)				1,350,316,592
LOAN ASSIGNMENTS - 1.6%
Machinery - 0.2%
Cortes NP Acquisition Corp.
Term Loan B,
3-Month LIBOR + 4.00%, 6.33% (D), 11/30/2023		3,723,168		3,537,010
Software - 0.9%
Avaya, Inc.
Term Loan B,
1-Month LIBOR + 4.25%, 6.58% (D), 12/15/2024		6,909,924		6,646,483
Infor, Inc.
Term Loan B6,
3-Month LIBOR + 2.75%, 5.08% (D), 02/01/2022		6,968,899		6,977,610
				13,624,093
Wireless Telecommunication Services - 0.5%
Sprint Communications, Inc.
1st Lien Term Loan B,
1-Month LIBOR + 2.50%, 4.75% (D), 02/02/2024		6,068,957		6,048,729
Term Loan B,
1-Month LIBOR + 3.00%, 5.25% (D), 02/02/2024		1,051,265		1,050,608
				7,099,337
Total Loan Assignments (Cost $24,595,637)				24,260,440
	Shares		Value
COMMON STOCKS - 0.5%
Chemicals - 0.3%
Hexion Holdings Corp., Class B (K)		273,716		4,037,311
Electric Utilities - 0.2%
Homer City Generation LLC (F) (J) (K) (M)		270,659		2,758,015
Software - 0.0% (H)
ASG WT Corp. (J) (K) (M)		1,265		74,420
Total Common Stocks (Cost $22,546,736)				6,869,746
PREFERRED STOCKS - 1.1%
Banks - 1.0%
GMAC Capital Trust I,
Series 2, 3-Month LIBOR + 5.79%, 8.30% (D)		569,050		15,000,158

	Shares		Value
PREFERRED STOCKS (continued)
Building Products - 0.1%
Associated Materials Group, Inc.,
PIK Rate 0.00%, Cash Rate 0.00% (E) (F) (J) (M)		11,675,323		$   1,868,052
Total Preferred Stocks (Cost $26,030,994)				16,868,210
WARRANT - 0.0% (H)
Building Products - 0.0% (H)
Associated Materials Group, Inc. (F) (I) (J) (K) (M)
Exercise Price $0,
Expiration Date 11/17/2023		116,602		0
Total Warrant (Cost $16,134)				0
OTHER INVESTMENT COMPANY - 4.3%
Securities Lending Collateral - 4.3%
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 2.32% (O)		63,323,085		63,323,085
Total Other Investment Company (Cost $63,323,085)				63,323,085
	Principal		Value
REPURCHASE AGREEMENT - 4.4%
Fixed Income Clearing Corp., 1.45% (O), dated 07/31/2019, to be repurchased at $65,118,365 on 08/01/2019. Collateralized by U.S. Government Obligations, 1.13% - 2.50%, due 02/28/2021, and with a total value of $66,418,476.		$  65,115,742		65,115,742
Total Repurchase Agreement (Cost $65,115,742)				65,115,742
Total Investments (Cost $1,555,807,052)				1,526,753,815
Net Other Assets (Liabilities) - (3.5)%				(51,844,105	)
Net Assets - 100.0%				$  1,474,909,710

The notes are an integral part of this report. Transamerica Funds Page    7

Transamerica High Yield Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

SECURITY VALUATION:

Valuation Inputs ^(P)

	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs (Q)		Value
ASSETS
Investments
Corporate Debt Securities	$	—	$	1,350,316,399	$	193	$	1,350,316,592
Loan Assignments		—		24,260,440		—		24,260,440
Common Stocks		—		4,037,311		2,832,435		6,869,746
Preferred Stocks		15,000,158		—		1,868,052		16,868,210
Warrant		—		—		—		—
Other Investment Company		63,323,085		—		—		63,323,085
Repurchase Agreement		—		65,115,742		—		65,115,742
Total Investments	$	78,323,243	$	1,443,729,892	$	4,700,680	$	1,526,753,815

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	Securities are registered pursuant to Rule 144A of the Securities Act of 1933. Unless otherwise indicated, the securities are deemed to be liquid for purposes of compliance limitations on holdings of illiquid securities and may be resold as transactions exempt from registration, normally to qualified institutional buyers. At July 31, 2019, the total value of 144A securities is $664,569,002, representing 45.1% of the Fund’s net assets.
(B)	All or a portion of the securities are on loan. The total value of all securities on loan is $62,007,488. 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.
(C)	Perpetual maturity. The date displayed is the next call date.
(D)	Floating or variable rate securities. The rates disclosed are as of July 31, 2019. 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.
(E)	Payment in-kind. Securities pay interest or dividends in the form of additional bonds or preferred stock. If the securities make a cash payment in addition to in-kind, the cash rate is disclosed separately.
(F)	Restricted securities. At July 31, 2019, the value of such securities held by the Fund are as follows:

Investments	Description	Acquisition Date		Acquisition Cost		Value			Value as Percentage of Net Assets
Corporate Debt Securities	William Lyon Homes, Inc. 7.00%, 08/15/2022		2/7/2018 - 5/9/2018	$	4,339,974	$	4,225,328			0.3	%
Corporate Debt Securities	Clear Channel Worldwide Holdings, Inc. 9.25%, 02/15/2024		2/7/2019 - 2/12/2019		4,352,838		4,655,735			0.3
Common Stocks	Homer City Generation LLC		8/21/2017		13,906,767		2,758,015			0.2
Preferred Stocks	Associated Materials Group, Inc., 0.00%		6/30/2017 - 6/30/2019		11,305,953		1,868,052			0.1
Warrant	Associated Materials Group, Inc., 11/17/2023		3/24/2017		16,134		0	(I)		0.0	(H)
Total				$	33,921,664	$	13,507,130			0.9	%

The notes are an integral part of this report. Transamerica Funds Page    8

Transamerica High Yield Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

FOOTNOTES TO SCHEDULE OF INVESTMENTS (continued):

(G)	When-issued, delayed-delivery and/or forward commitment (including TBAs) securities. Securities to be settled and delivered after July 31, 2019. Securities may display a coupon rate of 0.00%, as the rate is to be determined at time of settlement.
(H)	Percentage rounds to less than 0.1% or (0.1)%.
(I)	Rounds to less than $1 or $(1).
(J)	Fair valued as determined in good faith in accordance with procedures established by the Board. At July 31, 2019, the total value of securities is $4,700,680, representing 0.3% of the Fund’s net assets.
(K)	Non-income producing securities.
(L)	Security in default; no interest payments received and/or dividends declared during the last 12 months. At July 31, 2019, the value of this security is $0, representing less than 0.1% of the Fund net assets.
(M)	Securities are Level 3 of the fair value hierarchy.
(N)	Escrow positions. Positions represents remaining escrow balances expected to be received upon finalization of restructuring.
(O)	Rates disclosed reflect the yields at July 31, 2019.
(P)	There were no transfers in or out of Level 3 during the period ended July 31, 2019. Please reference the Security Valuation section of the Notes to Schedules of Investments for more information regarding security valuation and pricing inputs.
(Q)	Level 3 securities were not considered significant to the Fund.

PORTFOLIO ABBREVIATIONS:

CMT	Constant Maturity Treasury
LIBOR	London Interbank Offered Rate
MTN	Medium Term Note

The notes are an integral part of this report. Transamerica Funds Page    9

Transamerica High Yield Muni

SCHEDULE OF INVESTMENTS

At July 31, 2019

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES - 1.6%
Construction & Engineering - 0.3%
CalAtlantic Group, Inc.
5.88%, 11/15/2024		$  350,000		$  358,750
Diversified Consumer Services - 0.7%
Empire Springs Charter School, Inc.
5.75%, 09/15/2019 (A) (B) (C)		750,000		750,000
Food & Staples Retailing - 0.6%
Ingles Markets, Inc.
5.75%, 06/15/2023		582,000		593,640
Total Corporate Debt Securities (Cost $1,668,267)				1,702,390
MUNICIPAL GOVERNMENT OBLIGATIONS - 90.2%
Alabama - 0.6%
Alabama Industrial Development Authority, Revenue Bonds,
6.45%, 12/01/2023		175,000		177,621
County of Perry, General Obligation Unlimited
Series A,
5.50%, 12/01/2040		50,000		51,272
Series B,
7.38%, 12/01/2030		365,000		376,282
				605,175
Arizona - 2.6%
Arizona Industrial Development Authority, Revenue Bonds,
Series B,
5.13%, 01/01/2054		50,000		54,766
Industrial Development Authority of the City of Phoenix, Revenue Bonds
4.63%, 07/01/2026 (D)		600,000		639,786
Series A,
4.00%, 07/01/2022 (D)		500,000		499,460
Industrial Development Authority of the County of Pima, Revenue Bonds,
6.95%, 07/01/2041		150,000		150,248
La Paz County Industrial Development Authority, Revenue Bonds,
5.88%, 06/15/2048 (D)		500,000		517,455
Maricopa County Industrial Development Authority, Revenue Bonds,
5.00%, 07/01/2036		110,000		122,335
Tempe Industrial Development Authority, Revenue Bonds,
Series B,
5.35%, 10/01/2025 (D)		750,000		783,900
				2,767,950
Arkansas - 0.0% (E)
Saline County Property Owners Improvement District No. 49, General Obligation Limited,
Series A,
5.75%, 02/01/2036		15,000		15,008

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
California - 9.6%
Butte County Housing Authority, Revenue Bonds,
Series A,
7.25%, 10/01/2030		$   50,000		$   50,258
California County Tobacco Securitization Agency, Revenue Bonds
5.70% (F), 06/01/2046		260,000		261,971
5.75%, 06/01/2029		15,000		15,164
5.88%, 06/01/2035		180,000		181,866
Series A,
5.88%, 06/01/2043		45,000		45,650
California Municipal Finance Authority, Revenue Bonds
5.00%, 01/01/2049		1,000,000		1,179,160
Series A,
5.50%, 06/01/2038 (D)		700,000		782,110
California Public Finance Authority, Revenue Bonds,
5.00%, 06/15/2049 (D)		250,000		255,717
California Statewide Communities Development Authority, Revenue Bonds
5.00%, 11/01/2048		950,000		1,062,147
Series A,
5.25%, 12/01/2056 (D)		500,000		560,395
Series B,
6.00%, 12/01/2024		90,000		97,204
California Statewide Financing Authority, Revenue Bonds
6.00%, 05/01/2037		25,000		25,178
Series A,
5.63%, 05/01/2029		30,000		30,223
City of Beaumont, Special Tax,
5.00%, 09/01/2049		385,000		436,933
Cypress School District, General Obligation Unlimited,
Zero Coupon (F), 08/01/2050		100,000		87,347
Golden State Tobacco Securitization Corp., Revenue Bonds
Series A-1,
5.00%, 06/01/2026 - 06/01/2047		3,350,000		3,528,604
Palomar Health, Revenue Bonds,
5.00%, 11/01/2028		45,000		53,203
Santa Barbara Unified School District, General Obligation Unlimited,
Series B,
5.00%, 08/01/2044		500,000		612,480
Santee School District, General Obligation Unlimited,
Series E, AGM,
Zero Coupon, 05/01/2051		150,000		48,321
Tobacco Securitization Authority of Northern California, Revenue Bonds,
Series A-1,
4.75%, 06/01/2023		60,000		60,331
Tobacco Securitization Authority of Southern California, Revenue Bonds
Series A1,
4.75%, 06/01/2025		15,000		15,089
5.13%, 06/01/2046		90,000		90,229
Upland Community Facilities District, Special Tax,
Series A,
3.50%, 09/01/2049		600,000		594,468
				10,074,048

The notes are an integral part of this report. Transamerica Funds Page    1

Transamerica High Yield Muni

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Colorado - 6.8%
Aerotropolis Regional Transportation Authority, Revenue Bonds,
5.00%, 12/01/2051		$   290,000		$   295,864
Brighton Crossing Metropolitan District No. 4, General Obligation Limited,
Series A,
5.00%, 12/01/2047		500,000		521,160
Bromley Park Metropolitan District No. 2, General Obligation Limited,
Series B,
6.38%, 12/15/2047		937,000		960,922
Colorado Health Facilities Authority, Revenue Bonds,
Series A,
5.00%, 09/15/2053		250,000		276,785
Colorado International Center Metropolitan District No. 14, General Obligation Limited,
5.88%, 12/01/2046		1,000,000		1,086,510
Denver Connection West Metropolitan District, General Obligation Limited,
Series A,
5.38%, 08/01/2047		500,000		516,605
Denver International Business Center Metropolitan District No. 1, General Obligation Limited,
6.00%, 12/01/2048		500,000		517,525
Fronterra Village Metropolitan District No. 2, General Obligation Limited,
AGC,
5.00%, 12/01/2037		25,000		25,017
High Plains Metropolitan District, General Obligation Unlimited,
NATL,
4.00%, 12/01/2047		415,000		441,630
Painted Prairie Metropolitain District No. 2, General Obligation Limited,
5.25%, 12/01/2048		2,000,000		2,055,080
Park 70 Metropolitan District, General Obligation Unlimited,
AGM,
4.00%, 12/01/2048		250,000		268,430
Public Authority for Colorado Energy, Revenue Bonds,
6.50%, 11/15/2038		60,000		89,284
Town of Frisco Marina Enterprise Revenue, Revenue Bonds,
5.00%, 12/01/2048		150,000		157,261
				7,212,073
Connecticut - 0.3%
Connecticut State Health & Educational Facilities Authority, Revenue Bonds,
Series J,
5.00%, 07/01/2042		205,000		219,959
South Central Connecticut Regional Water Authority, Revenue Bonds,
AGM,
4.50%, 08/01/2038		10,000		10,018
Town of North Haven, General Obligation Unlimited,
2.25%, 06/01/2024		65,000		65,053
				295,030

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
District of Columbia - 1.1%
District of Columbia, Revenue Bonds,
Series B,
5.00%, 07/01/2048		$   100,000		$   114,325
District of Columbia Tobacco Settlement Financing Corp., Revenue Bonds
6.50%, 05/15/2033		10,000		11,214
6.75%, 05/15/2040		1,000,000		1,035,060
Series A,
Zero Coupon, 06/15/2046		100,000		16,872
				1,177,471
Florida - 1.4%
County of Lake, Revenue Bonds,
5.00%, 01/15/2054 (D)		825,000		864,534
Northern Palm Beach County Improvement District, Special Assessment
4.50%, 08/01/2031		50,000		50,813
5.13%, 08/01/2022		10,000		10,184
Santa Rosa Bay Bridge Authority, Revenue Bonds,
ACA-CBI, NATL-IBC,
Zero Coupon, 07/01/2020		19,663		19,064
Sarasota National Community Development District, Special Assessment,
5.30%, 05/01/2039		25,000		25,015
St. Johns County Industrial Development Authority, Revenue Bonds,
Series A,
Fixed until 08/01/2024, 4.13% (G), 08/01/2047		500,000		506,880
				1,476,490
Georgia - 0.3%
Atlanta Development Authority, Revenue Bonds,
Series A, ACA,
6.25%, 07/01/2036		20,000		20,098
Gainesville & Hall County Hospital Authority, Revenue Bonds,
Series A,
5.50%, 08/15/2054		215,000		248,641
				268,739
Hawaii - 0.3%
State of Hawaii, General Obligation Unlimited,
5.00%, 06/01/2026		30,000		30,092
State of Hawaii Department of Transportation, Revenue Bonds,
5.63%, 11/15/2027		295,000		299,168
				329,260
Idaho - 1.5%
Idaho Housing & Finance Association, Revenue Bonds
Series A,
5.00%, 06/01/2035		285,000		315,911
6.00%, 07/01/2049 - 07/01/2054 (D)		1,155,000		1,311,995
				1,627,906

The notes are an integral part of this report. Transamerica Funds Page    2

Transamerica High Yield Muni

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Illinois - 12.8%
Chicago Board of Education, General Obligation Unlimited
Series A,
5.50%, 12/01/2039		$   25,000		$   26,121
Series A, AGM,
5.00%, 12/01/2035		550,000		647,570
City of Belleville, Revenue Bonds,
Series B,
7.88%, 05/01/2029		275,000		228,913
City of Chicago, General Obligation Unlimited
7.52%, 01/01/2040		205,000		239,057
AMBAC,
5.00%, 01/01/2029		175,000		175,625
Series A,
5.00%, 01/01/2033 - 01/01/2044		1,285,000		1,400,517
6.00%, 01/01/2038		1,170,000		1,369,660
Series A, AGM,
4.75%, 01/01/2036		70,000		70,160
5.00%, 01/01/2026		70,000		71,231
Series A, NATL,
5.00%, 01/01/2029		30,000		30,101
Series B,
5.43%, 01/01/2042		1,450,000		1,415,127
6.21%, 01/01/2032		25,000		27,001
Series C,
Zero Coupon, 01/01/2024		145,000		127,794
5.00%, 01/01/2026 - 01/01/2038		1,015,000		1,101,435
Series C, AGM-CR, NATL-RE,
5.00%, 01/01/2031		50,000		50,142
Series D,
4.30%, 01/01/2024		30,000		30,069
City of Chicago Waterworks Revenue, Revenue Bonds,
5.00%, 11/01/2026		40,000		43,910
Cook County School District No. 132, General Obligation Limited
Series A, AGM,
4.10%, 12/01/2024		178,000		190,289
4.20%, 12/01/2027		361,000		411,991
Harvard Special Service Area No. 5, Special Assessment,
4.65%, 02/01/2020		105,000		105,156
Illinois Finance Authority, Revenue Bonds
4.00%, 08/01/2032		440,000		459,932
Series A,
5.00%, 07/01/2020		50,000		50,830
Lake County School District No. 38, General Obligation Unlimited,
AMBAC,
Zero Coupon, 02/01/2020		60,000		59,354
Lombard Public Facilities Corp., Revenue Bonds,
Series A-2, ACA-CBI,
5.50%, 01/01/2025		50,000		49,195
Macoupin Sangamon & Montgomery Counties Community Unit School District, General Obligation Unlimited,
BAM,
4.50%, 12/01/2042		320,000		338,554
Metropolitan Pier & Exposition Authority, Revenue Bonds
Series B,
5.00%, 06/15/2052		15,000		15,725
Series B, AGM,

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Illinois (continued)
Metropolitan Pier & Exposition Authority, Revenue Bonds (continued)
5.00%, 06/15/2050		$   160,000		$   164,608
Series B2,
5.00%, 06/15/2050		15,000		15,220
5.20%, 06/15/2050		25,000		25,409
Northern Illinois University, Revenue Bonds,
AGM,
7.95%, 04/01/2035		175,000		180,364
South Sangamon Water Commission, General Obligation Unlimited,
6.13%, 01/01/2041		35,000		35,279
Southern Illinois University, Certificate of Participation
Series A-1, BAM,
4.50%, 02/15/2031 - 02/15/2032		125,000		128,817
Southern Illinois University, Revenue Bonds
Series A, AGM,
4.50%, 04/01/2027		25,000		25,082
5.25%, 04/01/2020		135,000		135,445
Series A, NATL,
Zero Coupon, 04/01/2026 - 04/01/2027		175,000		141,801
Series B1,
4.00%, 04/01/2035		20,000		19,365
State of Illinois, General Obligation Unlimited
Zero Coupon (F), 06/01/2033		680,000		622,894
4.13%, 03/01/2028		30,000		30,835
6.63%, 02/01/2035		25,000		29,126
6.75%, 03/01/2029		115,000		129,404
7.10%, 07/01/2035		140,000		168,323
7.35%, 07/01/2035		20,000		23,911
Series A,
5.00%, 05/01/2041		535,000		589,367
Village of North Riverside, Revenue Bonds,
AGM,
3.63%, 12/01/2030		565,000		583,131
Village of Rosemont, General Obligation Unlimited,
Series A, AGC,
6.00%, 12/01/2035		15,000		17,941
Village of Thayer, Revenue Bonds,
Zero Coupon, 05/01/2025		55,000		38,793
Western Illinois Economic Development Authority, Revenue Bonds,
4.00%, 06/01/2036		1,480,000		1,495,599
Western Illinois University, Certificate of Participation
6.00%, 10/01/2025		15,000		14,969
6.38%, 10/01/2029		30,000		29,791
Western Illinois University, Revenue Bonds,
3.70%, 04/01/2026		10,000		9,571
Will County Community High School District No. 210, General Obligation Unlimited
Series A,
3.38%, 01/01/2033		15,000		13,262
5.00%, 01/01/2027		55,000		58,316
				13,462,082
Indiana - 1.9%
East Chicago Sanitary District, Revenue Bonds,
4.00%, 07/15/2031		1,320,000		1,425,178

The notes are an integral part of this report. Transamerica Funds Page    3

Transamerica High Yield Muni

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Indiana (continued)
Hamilton County Redevelopment Commission, Tax Allocation,
5.00%, 02/01/2025		$   70,000		$   70,123
Indiana Finance Authority, Revenue Bonds
5.00%, 10/01/2044		420,000		449,761
6.00%, 12/01/2019		25,000		25,319
Series A,
4.00%, 11/15/2026		20,000		21,221
Series B,
6.00%, 08/01/2039		50,000		50,188
				2,041,790
Iowa - 0.5%
Iowa Tobacco Settlement Authority, Revenue Bonds
Series A,
6.50%, 06/01/2023		90,000		91,374
Series C,
5.38%, 06/01/2038		145,000		145,006
5.50%, 06/01/2042		100,000		100,002
5.63%, 06/01/2046		215,000		215,002
				551,384
Kansas - 0.4%
City of Wichita, Revenue Bonds,
Series A,
6.25%, 05/15/2034		235,000		235,357
Kansas Rural Water Finance Authority, Revenue Bonds,
4.25%, 03/01/2038		25,000		25,476
Wyandotte County Unified Government Special Obligation Revenue, Revenue Bonds,
NATL,
Zero Coupon, 12/01/2027		175,000		130,394
				391,227
Kentucky - 0.3%
County of Ohio, Revenue Bonds,
Series A,
6.00%, 07/15/2031		215,000		220,250
Edmonson County Industrial Building Revenue, Revenue Bonds,
5.00%, 03/01/2027		20,000		20,031
Kentucky Area Development Districts, Certificate of Participation,
Series M,
5.35%, 12/01/2028		25,000		25,044
Kentucky Economic Development Finance Authority, Revenue Bonds
5.00%, 02/01/2030 - 02/01/2040		50,000		50,663
				315,988
Louisiana - 0.0% (E)
Parish of St. Charles, Revenue Bonds,
Fixed until 06/01/2022, 4.00% (G), 12/01/2040		30,000		31,625

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Massachusetts - 0.9%
Massachusetts Development Finance Agency, Revenue Bonds,
5.00%, 10/01/2049		$   500,000		$   559,725
Massachusetts Housing Finance Agency, Revenue Bonds,
Series A,
4.10%, 12/01/2055		375,000		387,517
				947,242
Michigan - 1.5%
County of Wayne, Revenue Bonds,
9.25%, 12/01/2025		275,000		297,195
Dearborn Brownfield Redevelopment Authority, General Obligation Limited,
Series A, AGC,
5.50%, 05/01/2039		25,000		25,080
Detroit Local Development Finance Authority, Tax Allocation,
Series A, ACA-CBI,
5.50%, 05/01/2021		50,000		50,150
Michigan Tobacco Settlement Finance Authority, Revenue Bonds
Series A,
5.13%, 06/01/2022		555,000		555,733
5.25%, 06/01/2022		15,000		15,019
6.00%, 06/01/2048		670,000		673,618
				1,616,795
Minnesota - 7.0%
City of Deephaven, Revenue Bonds,
Series A,
5.25%, 07/01/2037		80,000		86,706
City of Ham Lake, Revenue Bonds,
Series A,
4.00%, 07/01/2028		375,000		383,636
City of International Falls, Revenue Bonds,
5.65%, 12/01/2022		65,000		65,974
City of Minneapolis, Revenue Bonds,
Series A,
5.00%, 07/01/2047		200,000		211,970
City of St. Paul Park, Revenue Bonds
3.25%, 09/01/2026		485,000		501,776
3.50%, 09/01/2027		500,000		521,765
3.70%, 09/01/2028		500,000		523,825
3.80%, 09/01/2029		340,000		356,813
4.00%, 09/01/2032		400,000		420,060
4.10%, 09/01/2033		200,000		210,100
4.13%, 09/01/2034 - 09/01/2035		730,000		764,659
Housing & Redevelopment Authority of the City of St. Paul, Revenue Bonds
Series A,
4.00%, 09/01/2031		200,000		209,028
4.50%, 07/01/2028		650,000		661,967
5.00%, 07/01/2036 - 12/01/2050		1,765,000		1,811,158
Series B,
5.25%, 04/01/2043		400,000		410,548
Township of Baytown, Revenue Bonds,
Series A,
4.00%, 08/01/2041		200,000		200,970
				7,340,955

The notes are an integral part of this report. Transamerica Funds Page    4

Transamerica High Yield Muni

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Mississippi - 0.0% (E)
Mississippi Development Bank, Revenue Bonds,
Series A,
3.25%, 06/01/2021		$   30,000		$   29,858
Mississippi Home Corp., Revenue Bonds,
Series 3A, GNMA,
5.55%, 08/20/2049		5,000		5,254
				35,112
Missouri - 0.3%
City of Manchester, Tax Allocation,
6.88%, 11/01/2039		50,000		50,120
Missouri State Health & Educational Facilities Authority, Revenue Bonds,
Series A,
5.00%, 02/01/2042		250,000		277,937
				328,057
Montana - 0.2%
City of Forsyth, Revenue Bonds,
Series A,
Fixed until 03/01/2031, 3.90% (G)		135,000		141,890
Lewistown Special Improvement District No. 2005, Special Assessment,
4.60%, 07/01/2022		25,000		25,024
				166,914
Nevada - 0.2%
City of Reno, Special Assessment,
7.25%, 12/01/2025		45,000		45,011
County of Clark, Special Assessment,
4.00%, 08/01/2022		175,000		181,390
				226,401
New Jersey - 3.4%
City of Atlantic City, General Obligation Unlimited,
Series A, BAM,
5.00%, 03/01/2032		150,000		178,156
Essex County Improvement Authority, Revenue Bonds
Series A,
5.00%, 12/01/2035 (H)		500,000		388,750
5.13%, 12/01/2045 (H)		30,000		23,325
New Jersey Economic Development Authority, Revenue Bonds
5.75%, 09/15/2027		400,000		443,444
Series A,
5.13%, 09/01/2052 (D)		760,000		820,694
Series B,
6.50%, 04/01/2031 (B)		10,000		11,695
New Jersey Transportation Trust Fund Authority, Revenue Bonds,
Series B,
6.88%, 12/15/2039		325,000		328,211
Tobacco Settlement Financing Corp., Revenue Bonds,
Series B,
5.00%, 06/01/2046		1,320,000		1,428,174
				3,622,449

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
New York - 4.9%
Buffalo & Erie County Industrial Land Development Corp., Revenue Bonds,
Series A,
5.00%, 08/01/2052		$   500,000		$   539,615
New York City Industrial Development Agency, Revenue Bonds
FGIC,
CPI + 0.89%, 2.68% (G), 03/01/2027		20,000		20,626
NATL,
4.75%, 03/01/2046		135,000		135,185
New York Counties Tobacco Trust I, Revenue Bonds,
Series B,
6.50%, 06/01/2035		15,000		15,008
New York Counties Tobacco Trust IV, Revenue Bonds
Series A,
5.00%, 06/01/2038 - 06/01/2045		290,000		289,995
New York Counties Tobacco Trust VI, Revenue Bonds
Series A,
5.00%, 06/01/2045		850,000		901,884
Series C,
3.75%, 06/01/2045		2,225,000		2,044,909
New York State Dormitory Authority, Revenue Bonds,
AMBAC,
5.25%, 07/01/2025		100,000		118,868
New York Transportation Development Corp., Revenue Bonds,
Series A,
5.25%, 01/01/2050		860,000		955,537
Port Authority of New York & New Jersey, Revenue Bonds,
AGM-CR,
6.50%, 12/01/2028		50,000		50,728
Village of Brewster, General Obligation Unlimited,
5.00%, 05/01/2033		50,000		65,336
				5,137,691
North Dakota - 0.2%
Burleigh County Health Care Revenue, Revenue Bonds,
5.00%, 05/01/2037		250,000		261,358
Ohio - 7.0%
Buckeye Tobacco Settlement Financing Authority, Revenue Bonds
Series A-2,
5.13%, 06/01/2024		1,275,000		1,249,143
5.38%, 06/01/2024		75,000		74,102
5.88%, 06/01/2030 - 06/01/2047		545,000		535,354
6.00%, 06/01/2042		100,000		99,374
6.50%, 06/01/2047		890,000		897,200
Cardinal Local School District, Certificate of Participation,
5.25%, 04/01/2038		1,455,000		1,497,937
City of Cleveland, Revenue Bonds,
5.38%, 09/15/2027 (B)		20,000		20,057
Cleveland-Cuyahoga County Port Authority, Revenue Bonds,
Series A,
7.05%, 11/15/2040 (D)		100,000		100,082

The notes are an integral part of this report. Transamerica Funds Page    5

Transamerica High Yield Muni

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Ohio (continued)
County of Hamilton, Revenue Bonds,
5.00%, 01/01/2036		$   100,000		$   110,972
County of Montgomery, Revenue Bonds
6.00%, 04/01/2038 (D)		2,000,000		2,210,120
Series A,
5.75%, 11/15/2021		500,000		525,165
State of Ohio, Revenue Bonds,
5.60%, 08/01/2032		40,000		40,076
				7,359,582
Oregon - 0.2%
Oregon State Facilities Authority, Revenue Bonds,
Series B,
6.75%, 06/15/2022 (D)		160,000		164,250
Pennsylvania - 1.7%
Blythe Township Solid Waste Authority, Revenue Bonds,
7.75%, 12/01/2037		565,000		639,281
Cumberland County Municipal Authority, Revenue Bonds,
5.00%, 01/01/2039		150,000		172,203
Dallas Area Municipal Authority, Revenue Bonds,
5.00%, 05/01/2048		250,000		278,545
Montgomery County Industrial Development Authority, Revenue Bonds,
Series A,
4.25%, 01/15/2029		25,000		26,709
Pennsylvania Turnpike Commission, Revenue Bonds,
5.00%, 12/01/2040		500,000		589,230
School District of Philadelphia, General Obligation Unlimited,
Series A, NATL,
4.38%, 06/01/2034		80,000		80,198
Susquehanna Area Regional Airport Authority, Revenue Bonds,
Series B,
9.88%, 01/01/2034		10,000		13,171
				1,799,337
Puerto Rico - 10.8%
Children’s Trust Fund, Revenue Bonds
5.38%, 05/15/2033		25,000		25,404
5.50%, 05/15/2039		55,000		56,037
5.63%, 05/15/2043		45,000		45,848
Commonwealth of Puerto Rico, General Obligation Unlimited
AGC-ICC,
5.50%, 07/01/2022		100,000		106,262
AGM,
5.13%, 07/01/2030		265,000		272,947
5.25%, 07/01/2020		100,000		102,029
AGM-CR,
4.50%, 07/01/2023		15,000		15,047
5.00%, 07/01/2028		30,000		30,818
Series A, AGC-ICC,
5.00%, 07/01/2022 - 07/01/2033		605,000		621,209
5.25%, 07/01/2030		55,000		56,656
5.50%, 07/01/2029		245,000		273,856
Series A, AGM,
4.00%, 07/01/2022		140,000		142,972
4.13%, 07/01/2023 - 07/01/2024		50,000		50,885
5.00%, 07/01/2035		265,000		275,913

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Puerto Rico (continued)
Commonwealth of Puerto Rico, General Obligation Unlimited (continued)
5.38%, 07/01/2025		$   170,000		$   178,748
Series A-4, AGM,
5.00%, 07/01/2031		170,000		172,706
5.25%, 07/01/2030		50,000		50,899
Series B, AGC-ICC,
5.00%, 07/01/2035		400,000		408,056
Series C, AGM,
5.25%, 07/01/2026 - 07/01/2027		240,000		249,161
5.38%, 07/01/2028		30,000		31,025
5.50%, 07/01/2032		145,000		149,750
Puerto Rico Commonwealth Aqueduct & Sewer Authority, Revenue Bonds
Series A, AGC,
5.00%, 07/01/2028		195,000		200,320
5.13%, 07/01/2047		390,000		401,883
Puerto Rico Convention Center District Authority, Revenue Bonds
Series A, AGC,
4.50%, 07/01/2036		740,000		742,139
5.00%, 07/01/2027		210,000		215,752
Puerto Rico Electric Power Authority, Revenue Bonds
Series DDD, AGM,
3.63%, 07/01/2023		315,000		315,050
3.65%, 07/01/2024		195,000		195,002
Series RR, AGC,
5.00%, 07/01/2028		165,000		169,501
Series SS, AGM,
5.00%, 07/01/2030		85,000		87,045
Series TT, AGC-ICC,
5.00%, 07/01/2032		265,000		270,984
Series TT, AGM-CR,
5.00%, 07/01/2027		25,000		25,685
Series UU, AGC,
4.25%, 07/01/2027		310,000		310,679
5.00%, 07/01/2026		165,000		169,541
Series UU, AGM,
5.00%, 07/01/2020 - 07/01/2024		500,000		510,999
Series V, AGM,
5.25%, 07/01/2027		70,000		76,701
Puerto Rico Highway & Transportation Authority, Revenue Bonds
AGC-ICC,
5.00%, 07/01/2028		55,000		56,500
Series AA, AGC-ICC,
5.00%, 07/01/2035		85,000		86,712
Series AA, AGM,
4.95%, 07/01/2026		15,000		15,255
Series CC, AGM,
5.25%, 07/01/2033 - 07/01/2036		290,000		320,476
Series CC, AGM-CR,
5.50%, 07/01/2029		75,000		84,262
Series D, AGM,
5.00%, 07/01/2027 - 07/01/2032		580,000		594,467
Series E, AGM,
5.50%, 07/01/2020 - 07/01/2023		185,000		197,571
Series I, AGC-ICC, FGIC,
5.00%, 07/01/2026		305,000		313,394
Series K, AGC-ICC,
4.40%, 07/01/2025		30,000		30,089
5.00%, 07/01/2030		30,000		30,722
Series L, AGC,
4.00%, 07/01/2020		170,000		171,549
Series M, AGC-ICC,
5.00%, 07/01/2032		160,000		162,317
Series N, AGC,
5.25%, 07/01/2036		115,000		126,901

The notes are an integral part of this report. Transamerica Funds Page    6

Transamerica High Yield Muni

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Puerto Rico (continued)
Puerto Rico Highway & Transportation Authority, Revenue Bonds (continued)
Series N, AGM-CR, AGC-ICC,
5.50%, 07/01/2026		$   165,000		$   182,650
Series Y, AGM,
6.25%, 07/01/2021		100,000		104,400
Puerto Rico Municipal Finance Agency, Revenue Bonds
Series A, AGM,
4.75%, 08/01/2022		140,000		141,960
5.00%, 08/01/2019 - 08/01/2030		1,015,000		1,038,431
Series A, AGM-CR,
4.75%, 08/01/2025		60,000		61,036
Series C, AGM,
5.25%, 08/01/2019		85,000		85,000
Puerto Rico Public Buildings Authority, Revenue Bonds
Series F, AGC-ICC, AGM-CR,
5.25%, 07/01/2025		20,000		21,709
Series I, AGC-ICC,
5.00%, 07/01/2036		240,000		244,642
Series K, AGM,
5.25%, 07/01/2027		190,000		193,182
Series L, AGM-CR,
5.50%, 07/01/2021		65,000		67,179
				11,337,913
Rhode Island - 0.6%
Providence Redevelopment Agency, Revenue Bonds,
Series A,
5.00%, 04/01/2020		250,000		255,317
Tobacco Settlement Financing Corp., Revenue Bonds,
Series A,
5.00%, 06/01/2035		300,000		332,454
				587,771
South Carolina - 0.5%
County of Lancaster, Special Assessment,
Series A,
3.13%, 12/01/2022		470,000		475,264
South Carolina Jobs-Economic Development Authority, Revenue Bonds,
Series A, NATL,
4.38%, 08/01/2037		15,000		15,006
				490,270
Tennessee - 0.1%
Tennessee Housing Development Agency, Revenue Bonds,
3.05%, 07/01/2027		95,000		101,351
Texas - 3.9%
Arlington Higher Education Finance Corp., Revenue Bonds,
Series A,
4.63%, 08/15/2046		250,000		252,630
Bexar County Health Facilities Development Corp., Revenue Bonds,
5.00%, 07/15/2042		600,000		670,572
City of Dallas, Revenue Bonds,
AGC,
5.25%, 08/15/2034		35,000		35,099
City of Houston Airport System Revenue, Revenue Bonds,
5.00%, 07/01/2029		150,000		167,946

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Texas (continued)
Harris County-Houston Sports Authority, Revenue Bonds
NATL,
Zero Coupon, 11/15/2023		$   30,000		$   27,852
Klein Independent School District, General Obligation Unlimited,
4.88%, 08/01/2039		10,000		10,000
New Hope Cultural Education Facilities Finance Corp., Revenue Bonds
5.00%, 07/01/2046 - 01/01/2047		1,450,000		1,500,197
5.25%, 01/01/2035		20,000		20,124
Series A,
3.38%, 08/15/2021 (D)		730,000		735,504
Series A1,
5.00%, 07/01/2046		55,000		62,267
Series D,
6.00%, 07/01/2026		105,000		107,158
North Fort Bend Water Authority, Revenue Bonds,
AGC,
5.25%, 12/15/2034		10,000		10,146
Pottsboro Higher Education Finance Corp., Revenue Bonds,
Series A,
5.00%, 08/15/2036		435,000		465,019
Round Rock Independent School District, General Obligation Unlimited,
5.25%, 08/01/2034		65,000		65,000
Texas State Student Housing Corp., Revenue Bonds,
6.75%, 07/01/2021		5,000		5,002
				4,134,516
U. S. Virgin Islands - 0.4%
Virgin Islands Public Finance Authority, Revenue Bonds
NATL,
4.00%, 10/01/2020		5,000		5,034
Series A, AGM-CR,
5.00%, 10/01/2032		415,000		451,421
				456,455
Utah - 0.4%
Utah Charter School Finance Authority, Revenue Bonds,
5.00%, 04/15/2030 (D)		420,000		423,965
Virginia - 0.7%
Buena Vista Public Recreational Facilities Authority, Revenue Bonds,
Series A, ACA,
5.50%, 07/15/2035 (H)		50,000		47,651
Buena Vista Public Service Authority, Revenue Bonds
Series A,
5.13%, 01/01/2023		25,000		25,111
6.00%, 01/01/2027		50,000		50,209
Henrico County Economic Development Authority, Revenue Bonds,
Series C,
5.00%, 12/01/2047		375,000		413,329

The notes are an integral part of this report. Transamerica Funds Page    7

Transamerica High Yield Muni

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Virginia (continued)
Tobacco Settlement Financing Corp., Revenue Bonds,
Series B1,
5.00%, 06/01/2047		$   190,000		$   188,584
Virginia College Building Authority, Revenue Bonds,
4.25%, 04/01/2020		20,000		20,049
				744,933
Washington - 0.1%
King County Housing Authority, Revenue Bonds,
2.15%, 05/01/2020		65,000		65,336
West Virginia - 0.1%
Tobacco Settlement Finance Authority, Revenue Bonds,
Series A,
7.47%, 06/01/2047		100,000		100,927
Wisconsin - 4.7%
Public Finance Authority, Revenue Bonds
5.00%, 04/01/2022 (B)		25,000		25,947
5.00%, 06/15/2053		200,000		223,336
Series A,
5.00%, 06/15/2049 (D)		90,000		92,924
Series A, AGM,
5.00%, 07/01/2054 - 07/01/2058		2,145,000		2,439,068
Wisconsin Health & Educational Facilities Authority, Revenue Bonds
5.00%, 08/01/2039		500,000		536,410
Class B,
4.38%, 07/01/2038		850,000		875,780
Class C,
7.00%, 07/01/2043		750,000		751,028
				4,944,493
Total Municipal Government Obligations (Cost $91,309,030)				95,037,319

	Shares		Value
PREFERRED STOCK - 0.4%
Insurance - 0.4%
Enstar Group, Ltd.,
Series D, Fixed until 09/01/2028, 7.00% (G)		16,000		$  423,840
Total Preferred Stock (Cost $400,000)				423,840
INVESTMENT COMPANIES - 0.7%
U.S. Fixed Income Funds - 0.7%
MFS Multimarket Income Trust		114,783		672,628
PIMCO New York Municipal Income Fund II		2,600		30,082
Putnam Managed Municipal Income Trust (I)		5,000		39,500
Total Investment Companies (Cost $669,211)				742,210
OTHER INVESTMENT COMPANY - 0.0% (E)
Securities Lending Collateral - 0.0% (E)
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 2.32% (J)		32,175		32,175
Total Other Investment Company (Cost $32,175)				32,175
	Principal		Value
REPURCHASE AGREEMENT - 5.9%
Fixed Income Clearing Corp., 1.45% (J), dated 07/31/2019, to be repurchased at $6,232,149 on 08/01/2019. Collateralized by a U.S. Government Obligation, 2.50%, due 02/28/2021, and with a value of $6,360,713.		$  6,231,898		6,231,898
Total Repurchase Agreement (Cost $6,231,898)				6,231,898
Total Investments (Cost $100,310,581)				104,169,832
Net Other Assets (Liabilities) - 1.2%				1,249,755
Net Assets - 100.0%				$  105,419,587

SECURITY VALUATION:

Valuation Inputs ^(K)

	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs (L)		Value
ASSETS
Investments
Corporate Debt Securities	$	—	$	952,390	$	750,000	$	1,702,390
Municipal Government Obligations		—		95,037,319		—		95,037,319
Preferred Stock		423,840		—		—		423,840
Investment Companies		742,210		—		—		742,210
Other Investment Company		32,175		—		—		32,175
Repurchase Agreement		—		6,231,898		—		6,231,898
Total Investments	$	1,198,225	$	102,221,607	$	750,000	$	104,169,832

The notes are an integral part of this report. Transamerica Funds Page    8

Transamerica High Yield Muni

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	Fair valued as determined in good faith in accordance with procedures established by the Board. At July 31, 2019, the value of the security is $750,000, representing 0.7% of the Fund’s net assets.
(B)	Restricted securities. At July 31, 2019, the value of such securities held by the Fund are as follows:

Investments	Description	Acquisition Date		Acquisition Cost		Value		Value as Percentage of Net Assets
Corporate Debt Securities	Empire Springs Charter School, Inc. 5.75%, 09/15/2019		06/22/2018	$	750,010	$	750,000		0.7	%
Municipal Government Obligations	New Jersey Economic Development Authority Revenue Bonds Series B 6.50%, 04/01/2031		01/22/2015		10,535		11,695		0.0	(E)
Municipal Government Obligations	City of Cleveland Revenue Bonds 5.38%, 09/15/2027		07/27/2015		20,062		20,057		0.0	(E)
Municipal Government Obligations	Public Finance Authority Revenue Bonds 5.00%, 04/01/2022		05/01/2017		25,171		25,947		0.0	(E)
Total				$	805,778	$	807,699		0.7	%

(C)	Security is Level 3 of the fair value hierarchy.
(D)	Securities are registered pursuant to Rule 144A of the Securities Act of 1933. Unless otherwise indicated, the securities are deemed to be liquid for purposes of compliance limitations on holdings of illiquid securities and may be resold as transactions exempt from registration, normally to qualified institutional buyers. At July 31, 2019, the total value of 144A securities is $10,762,891, representing 10.2% of the Fund’s net assets.
(E)	Percentage rounds to less than 0.1% or (0.1)%.
(F)	Step bonds. Coupon rates change in increments to maturity. The rates disclosed are as of July 31, 2019; the maturity dates disclosed are the ultimate maturity dates.
(G)	Floating or variable rate securities. The rates disclosed are as of July 31, 2019. 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.
(H)	Securities in default; partial receipt of interest payments and/or dividends declared at last payment date. At July 31, 2019, the total value of such securities is $459,726, representing 0.4% of the Fund’s net assets.
(I)	All or a portion of the security is on loan. The value of the security on loan is $30,888. The amount on loan indicated may not correspond with the security on loan identified because a security with pending sales are in the process of recall from the brokers.
(J)	Rates disclosed reflect the yields at July 31, 2019.
(K)	There were no transfers in or out of Level 3 during the period ended July 31, 2019. Please reference the Security Valuation section of the Notes to Schedules of Investments for more information regarding security valuation and pricing inputs.
(L)	Level 3 securities were not considered significant to the Fund.

MUNICIPAL INSURER ABBREVIATIONS:

ACA	ACA Financial Guaranty Corp.
AGC	Assured Guaranty Corp.
AGM	Assured Guaranty Municipal Corp.
AMBAC	AMBAC Financial Group, Inc.

The notes are an integral part of this report. Transamerica Funds Page    9

Transamerica High Yield Muni

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

BAM	Build America Mutual Assurance Co.
FGIC	Financial Guaranty Insurance Co.
GNMA	Government National Mortgage Association
NATL	National Public Finance Guarantee Corp.

PORTFOLIO ABBREVIATIONS:

CBI	Certificates of Bond Insurance
CPI	Consumer Price Index
CR	Custodial Receipts
IBC	Insured Bond Certificate
ICC	Insured Custody Certificate
RE	Reinsured

The notes are an integral part of this report. Transamerica Funds Page    10

Transamerica Inflation Opportunities

SCHEDULE OF INVESTMENTS

At July 31, 2019

(unaudited)

	Principal		Value
ASSET-BACKED SECURITY - 0.3%
STORE Master Funding I-VII
Series 2018-1A, Class A1,
3.96%, 10/20/2048 (A)		$  393,802		$  399,788
Total Asset-Backed Security (Cost $393,700)				399,788
CORPORATE DEBT SECURITIES - 20.3%
Banks - 10.3%
BAC Capital Trust XIV
3-Month LIBOR + 0.40%, 4.00% (B), 08/16/2019 (C)		726,000		625,267
Bank of America Corp.
CPI-YoY + 1.10%, 3.10% (B), 11/19/2024, MTN		1,000,000		990,000
CPI-YoY + 2.10%, 4.10% (B), 02/18/2020, MTN		400,000		400,808
4.18%, 11/25/2027, MTN		1,028,000		1,092,034
Fixed until 04/24/2037, 4.24% (B), 04/24/2038		782,000		869,611
Barclays Bank PLC
CPI-YoY + 1.00%, 3.00% (B), 05/22/2023, MTN		2,600,000		2,585,700
BBVA Bancomer SA
Fixed until 01/18/2028, 5.13% (B), 01/18/2033 (A)		321,000		308,561
Citigroup, Inc.
4.65%, 07/23/2048		1,380,000		1,623,638
Corestates Capital II
3-Month LIBOR + 0.65%, 2.95% (B), 01/15/2027 (A)		269,000		248,825
Credit Agricole SA
Fixed until 01/10/2028, 4.00% (B), 01/10/2033 (A)		701,000		710,465
Danske Bank A/S
5.38%, 01/12/2024 (A)		200,000		217,708
HSBC Holdings PLC
Fixed until 05/22/2027 (C), 6.00% (B)		271,000		272,694
Royal Bank of Scotland Group PLC
Fixed until 03/08/2022, 2.00% (B), 03/08/2023, MTN (D)		EUR  800,000		915,633
Fixed until 03/22/2024, 4.27% (B), 03/22/2025		$  258,000		264,219
Fixed until 06/25/2023, 4.52% (B), 06/25/2024		1,122,000		1,166,382
SunTrust Capital III
3-Month LIBOR + 0.65%, 3.06% (B), 03/15/2028		792,000		728,640
UniCredit SpA
Fixed until 06/19/2027, 5.86% (B), 06/19/2032 (A)		201,000		202,256
6.57%, 01/14/2022 (A)		350,000		374,547
Fixed until 04/02/2029, 7.30% (B), 04/02/2034 (A)		211,000		234,844
Wachovia Capital Trust II
3-Month LIBOR + 0.50%, 2.80% (B), 01/15/2027		308,000		284,900
				14,116,732

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Building Products - 0.5%
Masco Corp.
3.50%, 11/15/2027		$   744,000		$   738,085
Capital Markets - 1.0%
Goldman Sachs Group, Inc.
Fixed until 11/10/2022 (C), 5.00% (B)		702,000		685,615
Morgan Stanley
CPI-YoY + 2.00%, 4.00% (B), 04/25/2023 - 06/09/2023, MTN		643,000		654,705
				1,340,320
Chemicals - 0.5%
Dow Chemical Co.
4.80%, 05/15/2049 (A)		545,000		578,825
RPM International, Inc.
4.25%, 01/15/2048		101,000		95,270
				674,095
Electric Utilities - 0.2%
FirstEnergy Corp.
3.90%, 07/15/2027		241,000		254,709
Equity Real Estate Investment Trusts - 0.3%
Alexandria Real Estate Equities, Inc.
3.80%, 04/15/2026		399,000		419,151
Health Care Providers & Services - 0.7%
CVS Health Corp.
4.78%, 03/25/2038		904,000		958,772
Insurance - 1.2%
Genworth Holdings, Inc.
3-Month LIBOR + 2.00%, 4.52% (B), 11/15/2066		1,350,000		837,000
Hartford Financial Services Group, Inc.
3-Month LIBOR + 2.13%, 4.64% (B), 02/12/2067 (A)		898,000		776,770
				1,613,770
Machinery - 0.1%
CNH Industrial NV
3.85%, 11/15/2027, MTN		180,000		182,827
Metals & Mining - 1.3%
Anglo American Capital PLC
4.00%, 09/11/2027 (A)		214,000		216,042
Glencore Funding LLC
4.00%, 04/16/2025 (A)		226,000		232,378
Newcrest Finance Pty, Ltd.
4.20%, 10/01/2022 (A)		832,000		864,723
5.75%, 11/15/2041 (A)		446,000		503,218
				1,816,361
Multi-Utilities - 0.1%
WEC Energy Group, Inc.
3-Month LIBOR + 2.11%, 4.63% (B), 05/15/2067		219,000		182,033
Oil, Gas & Consumable Fuels - 3.5%
Andeavor Logistics, LP
Fixed until 02/15/2023 (C), 6.88% (B)		348,000		348,000

The notes are an integral part of this report. Transamerica Funds Page    1

Transamerica Inflation Opportunities

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Oil, Gas & Consumable Fuels (continued)
Andeavor Logistics, LP / Tesoro Logistics Finance Corp.
4.25%, 12/01/2027		$   346,000		$   363,104
Cenovus Energy, Inc.
4.25%, 04/15/2027 (E)		397,000		408,913
Enable Midstream Partners, LP
4.95%, 05/15/2028		253,000		262,077
Enbridge, Inc.
Fixed until 07/15/2027, 5.50% (B), 07/15/2077		731,000		728,778
Energy Transfer Operating, LP
5.80%, 06/15/2038		315,000		354,422
Fixed until 02/15/2023 (C), 6.25% (B)		691,000		645,712
EnLink Midstream LLC
5.38%, 06/01/2029		106,000		109,281
EnLink Midstream Partners, LP
4.85%, 07/15/2026		311,000		315,665
Fixed until 12/15/2022 (C), 6.00% (B)		133,000		103,740
Enterprise Products Operating LLC
Fixed until 08/16/2027, 5.25% (B), 08/16/2077		243,000		239,831
Marathon Petroleum Corp.
3.80%, 04/01/2028		696,000		711,785
Noble Energy, Inc.
3.85%, 01/15/2028		227,000		231,746
				4,823,054
Transportation Infrastructure - 0.6%
Heathrow Funding, Ltd.
1.37%, 03/28/2032 (D)		GBP  544,911		871,087
Total Corporate Debt Securities (Cost $27,795,678)				27,990,996
FOREIGN GOVERNMENT OBLIGATIONS - 23.1%
Australia - 2.3%
Australia Government Bond
0.75%, 11/21/2027 (D)		AUD  4,150,000		3,172,774
Canada - 2.4%
Canada Government Real Return Bond
4.25%, 12/01/2021		CAD  4,027,849		3,333,672
Japan - 1.1%
Japan Government CPI Linked Bond
0.10%, 03/10/2028		JPY  161,747,200		1,548,485
Mexico - 2.4%
Mexico Udibonos
Series S,
2.50%, 12/10/2020		MXN  17,192,166		888,372
4.50%, 12/04/2025		43,921,591		2,443,039
				3,331,411
New Zealand - 2.6%
New Zealand Government Inflation-Linked Bond
2.00%, 09/20/2025 (D)		NZD  4,500,000		3,523,008
Spain - 9.7%
Spain Government Inflation-Linked Bond
0.30%, 11/30/2021		EUR  6,131,516		7,027,057
0.55%, 11/30/2019 (D)		2,098,300		2,330,586
1.00%, 11/30/2030 (D)		2,981,870		3,975,932
				13,333,575

	Principal		Value
FOREIGN GOVERNMENT OBLIGATIONS (continued)
United Kingdom - 2.6%
U.K. Gilt Inflation-Linked
0.13%, 03/22/2029 - 03/22/2044 (D)		GBP  1,729,993		$   3,590,869
Total Foreign Government Obligations (Cost $32,931,434)				31,833,794
MORTGAGE-BACKED SECURITIES - 2.1%
BANK
Series 2019-BN19, Class A3,
3.18%, 08/15/2061 (F)		$  1,000,000		1,033,829
Benchmark Mortgage Trust
Series 2018-B7, Class A4,
4.51%, 05/15/2053		1,000,000		1,142,268
DBCG Mortgage Trust
Series 2017-BBG, Class A,
1-Month LIBOR + 0.70%, 3.03% (B), 06/15/2034 (A)		680,000		679,788
Total Mortgage-Backed Securities (Cost $2,741,307)				2,855,885
U.S. GOVERNMENT AGENCY OBLIGATION - 0.8%
Federal Home Loan Mortgage Corp. Structured Agency Credit Risk Debt Notes
1-Month LIBOR + 2.20%, 4.47% (B), 09/25/2024		1,096,108		1,111,303
Total U.S. Government Agency Obligation (Cost $1,132,416)				1,111,303
U.S. GOVERNMENT OBLIGATIONS - 52.9%
U.S. Treasury Inflation-Protected Securities - 52.9%
U.S. Treasury Inflation-Indexed Bond
0.63%, 04/15/2023		4,020,627		4,057,016
0.75%, 02/15/2045		3,914,820		3,922,227
1.00%, 02/15/2046		2,593,776		2,752,613
1.38%, 02/15/2044		2,417,250		2,775,910
2.13%, 02/15/2040		1,184,760		1,529,453
2.38%, 01/15/2025		6,073,898		6,758,988
3.38%, 04/15/2032		3,173,874		4,348,500
3.88%, 04/15/2029		3,037,496		4,063,662
U.S. Treasury Inflation-Indexed Note
0.13%, 04/15/2020 - 07/15/2026		20,479,449		20,302,724
0.25%, 01/15/2025		1,729,840		1,728,141
0.38%, 07/15/2023 - 07/15/2027		7,537,730		7,604,631
0.50%, 01/15/2028		4,152,560		4,225,323
0.63%, 01/15/2024 - 01/15/2026		5,986,637		6,111,762
1.13%, 01/15/2021		1,990,037		1,997,130
1.25%, 07/15/2020		634,063		636,352
Total U.S. Government Obligations (Cost $70,863,000)				72,814,432
	Shares		Value
PREFERRED STOCK - 0.1%
Banks - 0.1%
Banco Santander SA,
3-Month LIBOR + 0.52%, 4.00% (B)		3,100		71,052
Total Preferred Stock (Cost $74,547)				71,052

The notes are an integral part of this report. Transamerica Funds Page    2

Transamerica Inflation Opportunities

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Shares		Value
SHORT-TERM INVESTMENT COMPANY - 0.6%
Money Market Fund - 0.6%
State Street Institutional U.S. Government Money Market Fund		791,699		$   791,699
Total Short-Term Investment Company (Cost $791,699)				791,699
OTHER INVESTMENT COMPANY - 0.3%
Securities Lending Collateral - 0.3%
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 2.32% (G)		418,545		418,545
Total Other Investment Company (Cost $418,545)				418,545
Total Investments (Cost $137,142,326)				138,287,494
Net Other Assets (Liabilities) - (0.5)%				(699,956	)
Net Assets - 100.0%				$  137,587,538

FORWARD FOREIGN CURRENCY CONTRACTS:

Counterparty	Settlement Date		Currency Purchased		Currency Sold		Unrealized Appreciation		Unrealized Depreciation
JPMS		10/10/2019	USD	1,586,051	AUD	2,260,000	$	36,851	$	—
JPMS		10/10/2019	USD	14,329,785	EUR	12,700,000		189,027		—
JPMS		10/10/2019	USD	2,370,049	GBP	1,893,000		59,947		—
JPMS		10/10/2019	USD	1,548,368	JPY	167,385,414		1,379		—
JPMS		10/10/2019	USD	3,128,513	MXN	60,000,000		34,440		—
JPMS		10/10/2019	USD	1,878,854	NZD	2,838,000		12,718		—
Total							$	334,362	$	—

SECURITY VALUATION:

Valuation Inputs ^(H)

	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Asset-Backed Security	$	—	$	399,788	$	—	$	399,788
Corporate Debt Securities		—		27,990,996		—		27,990,996
Foreign Government Obligations		—		31,833,794		—		31,833,794
Mortgage-Backed Securities		—		2,855,885		—		2,855,885
U.S. Government Agency Obligation		—		1,111,303		—		1,111,303
U.S. Government Obligations		—		72,814,432		—		72,814,432
Preferred Stock		71,052		—		—		71,052
Short-Term Investment Company		791,699		—		—		791,699
Other Investment Company		418,545		—		—		418,545
Total Investments	$	1,281,296	$	137,006,198	$	—	$	138,287,494
Other Financial Instruments
Forward Foreign Currency Contracts (I)	$	—	$	334,362	$	—	$	334,362
Total Other Financial Instruments	$	—	$	334,362	$	—	$	334,362

The notes are an integral part of this report. Transamerica Funds Page    3

Transamerica Inflation Opportunities

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	Securities are registered pursuant to Rule 144A of the Securities Act of 1933. Unless otherwise indicated, the securities are deemed to be liquid for purposes of compliance limitations on holdings of illiquid securities and may be resold as transactions exempt from registration, normally to qualified institutional buyers. At July 31, 2019, the total value of 144A securities is $6,548,738, representing 4.8% of the Fund’s net assets.
(B)	Floating or variable rate securities. The rates disclosed are as of July 31, 2019. For securities based on a published reference rate and spread, the reference rate and spread are indicated within the description. Variable rate securities with a floor or ceiling feature are disclosed at the inherent rate, where applicable. Certain variable rate securities are not based on a published reference rate and spread, but are determined by the issuer or agent and are based on current market conditions; these securities do not indicate a reference rate and spread in the description.
(C)	Perpetual maturity. The date displayed is the next call date.
(D)	Securities are exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside the United States. Securities may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933. At July 31, 2019, the total value of Regulation S securities is $18,379,889, representing 13.4% of the Fund’s net assets.
(E)	All or a portion of the security is on loan. The value of the security on loan is $409,661. The amount on loan indicated may not correspond with the security on loan identified because a security with pending sales are in the process of recall from the brokers.
(F)	When-issued, delayed-delivery and/or forward commitment (including TBAs) security. Security to be settled and delivered after July 31, 2019. Security may display a coupon rate of 0.00%, as the rate is to be determined at time of settlement.
(G)	Rate disclosed reflects the yield at July 31, 2019.
(H)	There were no transfers in or out of Level 3 during the period ended July 31, 2019. Please reference the Security Valuation section of the Notes to Schedules of Investments for more information regarding security valuation and pricing inputs.
(I)	Futures contracts and/or forward foreign currency contracts are valued at unrealized appreciation (depreciation).

CURRENCY ABBREVIATIONS:

AUD	Australian Dollar
CAD	Canadian Dollar
EUR	Euro
GBP	Pound Sterling
JPY	Japanese Yen
MXN	Mexican Peso
NZD	New Zealand Dollar
USD	United States Dollar

COUNTERPARTY ABBREVIATION:

JPMS JPMorgan Securities LLC

PORTFOLIO ABBREVIATIONS:

CPI-YoY	US Consumer Price Index Urban Consumers Year Over Year
LIBOR	London Interbank Offered Rate
MTN	Medium Term Note

The notes are an integral part of this report. Transamerica Funds Page    4

Transamerica Inflation-Protected Securities

SCHEDULE OF INVESTMENTS

At July 31, 2019

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES - 7.2%
Banks - 3.5%
BAC Capital Trust XIV
3-Month LIBOR + 0.40%, 4.00% (A), 08/16/2019 (B)		$  394,000		$  339,333
Bank of America Corp.
4.18%, 11/25/2027, MTN		508,000		539,643
Fixed until 04/24/2037, 4.24% (A), 04/24/2038		425,000		472,615
Citigroup, Inc.
4.65%, 07/23/2048		747,000		878,882
Credit Agricole SA
3.75%, 04/24/2023 (C)		326,000		338,057
Fixed until 01/10/2028, 4.00% (A), 01/10/2033 (C)		449,000		455,063
Royal Bank of Scotland Group PLC
Fixed until 06/25/2023, 4.52% (A), 06/25/2024		590,000		613,338
SunTrust Capital III
3-Month LIBOR + 0.65%, 3.06% (A), 03/15/2028		430,000		395,600
Wachovia Capital Trust II
3-Month LIBOR + 0.50%, 2.80% (A), 01/15/2027
		167,000		154,475
				4,187,006
Chemicals - 0.0% (D)
RPM International, Inc.
4.25%, 01/15/2048		54,000		50,936
Electric Utilities - 0.1%
FirstEnergy Corp.
3.90%, 07/15/2027		130,000		137,395
Equity Real Estate Investment Trusts - 0.1%
Alexandria Real Estate Equities, Inc.
3.80%, 04/15/2026		168,000		176,484
Health Care Providers & Services - 0.4%
CVS Health Corp.
4.78%, 03/25/2038		491,000		520,749
Insurance - 0.4%
Hartford Financial Services Group, Inc.
3-Month LIBOR + 2.13%, 4.64% (A), 02/12/2067 (C)		487,000		421,255
Machinery - 0.1%
CNH Industrial NV
3.85%, 11/15/2027, MTN		97,000		98,524
Media - 0.1%
Comcast Corp.
4.60%, 10/15/2038		86,000		99,649
Metals & Mining - 0.4%
Newcrest Finance Pty, Ltd.
4.20%, 10/01/2022 (C)		452,000		469,777

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Multi-Utilities - 0.1%
WEC Energy Group, Inc.
3-Month LIBOR + 2.11%, 4.63% (A), 05/15/2067		$   119,000		$   98,913
Oil, Gas & Consumable Fuels - 2.0%
Andeavor Logistics, LP
Fixed until 02/15/2023 (B), 6.88% (A)		189,000		189,000
Andeavor Logistics, LP / Tesoro Logistics Finance Corp.
4.25%, 12/01/2027		187,000		196,244
Cenovus Energy, Inc.
4.25%, 04/15/2027 (E)		166,000		170,981
Enable Midstream Partners, LP
4.95%, 05/15/2028		169,000		175,063
Enbridge, Inc.
Fixed until 07/15/2027, 5.50% (A), 07/15/2077		397,000		395,793
Energy Transfer Operating, LP
5.80%, 06/15/2038		171,000		192,401
Fixed until 02/15/2023 (B), 6.25% (A)		375,000		350,422
EnLink Midstream LLC
5.38%, 06/01/2029		44,000		45,362
Enterprise Products Operating LLC
Fixed until 08/16/2027, 5.25% (A), 08/16/2077		132,000		130,279
Marathon Petroleum Corp.
3.80%, 04/01/2028		378,000		386,573
Noble Energy, Inc.
3.85%, 01/15/2028		123,000		125,572
				2,357,690
Total Corporate Debt Securities (Cost $8,254,017)				8,618,378
FOREIGN GOVERNMENT OBLIGATIONS - 10.5%
Australia - 1.9%
Australia Government Bond
0.75%, 11/21/2027 (F)		AUD  3,000,000		2,293,571
Canada - 2.5%
Canada Government Real Return Bond
4.25%, 12/01/2021		CAD  3,575,744		2,959,485
Japan - 1.2%
Japan Government CPI Linked Bond
0.10%, 03/10/2028		JPY  151,638,000		1,451,705
New Zealand - 1.7%
New Zealand Government Inflation-Linked Bond
2.00%, 09/20/2025 (F)		NZD  2,500,000		1,957,226
Spain - 2.7%
Spain Government Inflation-Linked Bond
0.55%, 11/30/2019 (F)		EUR  1,311,443		1,456,622
1.00%, 11/30/2030 (F)		1,307,838		1,743,830
				3,200,452
United Kingdom - 0.5%
U.K. Gilt Inflation-Linked
0.13%, 11/22/2019 (F)		GBP  463,028		567,041
Total Foreign Government Obligations (Cost $12,217,695)				12,429,480

The notes are an integral part of this report. Transamerica Funds Page    1

Transamerica Inflation-Protected Securities

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
MORTGAGE-BACKED SECURITIES - 1.7%
BANK
Series 2019-BN19, Class A3,
3.18%, 08/15/2061 (G)		$  1,000,000		$   1,033,829
DBCG Mortgage Trust
Series 2017-BBG, Class A,
1-Month LIBOR + 0.70%, 3.03% (A), 06/15/2034 (C)		1,000,000		999,688
Total Mortgage-Backed Securities (Cost $2,030,747)				2,033,517
U.S. GOVERNMENT OBLIGATIONS - 80.5%
U.S. Treasury Inflation-Protected Securities - 80.5%
U.S. Treasury Inflation-Indexed Bond
0.63%, 04/15/2023 - 02/15/2043		2,215,074		2,233,742
0.75%, 02/15/2042 - 02/15/2045		3,546,303		3,576,041
1.00%, 02/15/2046 - 02/15/2048		4,437,421		4,721,218
1.38%, 02/15/2044		2,252,450		2,586,657
1.75%, 01/15/2028		2,524,111		2,826,541
2.00%, 01/15/2026		2,754,556		3,059,224
2.13%, 02/15/2040 - 02/15/2041		2,805,835		3,631,141
2.38%, 01/15/2025 - 01/15/2027		4,578,142		5,187,236
2.50%, 01/15/2029		1,037,538		1,248,256
3.38%, 04/15/2032		521,381		714,340
3.63%, 04/15/2028		752,044		964,554
3.88%, 04/15/2029		2,492,304		3,334,287
U.S. Treasury Inflation-Indexed Note
0.13%, 04/15/2020 - 07/15/2026		29,707,544		29,454,471
0.25%, 01/15/2025		4,540,830		4,536,370
0.38%, 07/15/2023 - 07/15/2027		11,258,992		11,350,114
0.50%, 01/15/2028		1,038,070		1,056,260
0.63%, 01/15/2024 - 01/15/2026		8,500,956		8,655,125

	Principal		Value
U.S. GOVERNMENT OBLIGATIONS (continued)
U.S. Treasury Inflation-Protected Securities (continued)
U.S. Treasury Inflation-Indexed Note (continued)
0.75%, 07/15/2028		$   1,020,150		$   1,064,450
1.13%, 01/15/2021		3,687,421		3,700,565
1.25%, 07/15/2020		1,761,285		1,767,643
Total U.S. Government Obligations (Cost $94,542,829)				95,668,235
	Shares		Value
SHORT-TERM INVESTMENT COMPANY - 0.8%
Money Market Fund - 0.8%
State Street Institutional U.S. Government Money Market Fund		894,518		894,518
Total Short-Term Investment Company (Cost $894,518)				894,518
OTHER INVESTMENT COMPANY - 0.1%
Securities Lending Collateral - 0.1%
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 2.32% (H)		174,660		174,660
Total Other Investment Company (Cost $174,660)				174,660
Total Investments (Cost $118,114,466)				119,818,788
Net Other Assets (Liabilities) - (0.8)%				(903,267	)
Net Assets - 100.0%				$  118,915,521

FORWARD FOREIGN CURRENCY CONTRACTS:

Counterparty	Settlement Date		Currency Purchased		Currency Sold		Unrealized Appreciation		Unrealized Depreciation
JPMS		10/10/2019	USD	2,243,364	AUD	3,220,000	$	36,098	$	—
JPMS		10/10/2019	USD	3,136,630	CAD	4,110,000		18,490		—
JPMS		10/10/2019	USD	3,159,323	EUR	2,800,000		41,675		—
JPMS		10/10/2019	USD	574,671	GBP	459,000		14,536		—
JPMS		10/10/2019	USD	1,451,594	JPY	156,923,780		1,292		—
JPMS		10/10/2019	USD	1,886,799	NZD	2,850,000		12,772		—
JPMS		10/10/2019	CAD	1,000,000	USD	761,573		—		(2,902	)
Total							$	124,863	$	(2,902	)

The notes are an integral part of this report. Transamerica Funds Page    2

Transamerica Inflation-Protected Securities

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

SECURITY VALUATION:

Valuation Inputs ^(I)

	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs			Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Corporate Debt Securities	$	—	$	8,618,378		$	—	$	8,618,378
Foreign Government Obligations		—		12,429,480			—		12,429,480
Mortgage-Backed Securities		—		2,033,517			—		2,033,517
U.S. Government Obligations		—		95,668,235			—		95,668,235
Short-Term Investment Company		894,518		—			—		894,518
Other Investment Company		174,660		—			—		174,660
Total Investments	$	1,069,178	$	118,749,610		$	—	$	119,818,788
Other Financial Instruments
Forward Foreign Currency Contracts (J)	$	—	$	124,863		$	—	$	124,863
Total Other Financial Instruments	$	—	$	124,863		$	—	$	124,863
LIABILITIES
Other Financial Instruments
Forward Foreign Currency Contracts (J)	$	—	$	(2,902	)	$	—	$	(2,902	)
Total Other Financial Instruments	$	—	$	(2,902	)	$	—	$	(2,902	)

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	Floating or variable rate securities. The rates disclosed are as of July 31, 2019. For securities based on a published reference rate and spread, the reference rate and spread are indicated within the description. Variable rate securities with a floor or ceiling feature are disclosed at the inherent rate, where applicable. Certain variable rate securities are not based on a published reference rate and spread, but are determined by the issuer or agent and are based on current market conditions; these securities do not indicate a reference rate and spread in the description.
(B)	Perpetual maturity. The date displayed is the next call date.
(C)	Securities are registered pursuant to Rule 144A of the Securities Act of 1933. Unless otherwise indicated, the securities are deemed to be liquid for purposes of compliance limitations on holdings of illiquid securities and may be resold as transactions exempt from registration, normally to qualified institutional buyers. At July 31, 2019, the total value of 144A securities is $2,683,840, representing 2.3% of the Fund’s net assets.
(D)	Percentage rounds to less than 0.1% or (0.1)%.
(E)	All or a portion of the security is on loan. The value of the security on loan is $170,953. The amount on loan indicated may not correspond with the security on loan identified because a security with pending sales are in the process of recall from the brokers.
(F)	Securities are exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside the United States. Securities may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933. At July 31, 2019, the total value of Regulation S securities is $8,018,290, representing 6.7% of the Fund’s net assets.
(G)	When-issued, delayed-delivery and/or forward commitment (including TBAs) security. Security to be settled and delivered after July 31, 2019. Security may display a coupon rate of 0.00%, as the rate is to be determined at time of settlement.
(H)	Rate disclosed reflects the yield at July 31, 2019.
(I)	There were no transfers in or out of Level 3 during the period ended July 31, 2019. Please reference the Security Valuation section of the Notes to Schedules of Investments for more information regarding security valuation and pricing inputs.
(J)	Futures contracts and/or forward foreign currency contracts are valued at unrealized appreciation (depreciation).

The notes are an integral part of this report. Transamerica Funds Page    3

Transamerica Inflation-Protected Securities

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

CURRENCY ABBREVIATIONS:

AUD	Australian Dollar
CAD	Canadian Dollar
EUR	Euro
GBP	Pound Sterling
JPY	Japanese Yen
NZD	New Zealand Dollar
USD	United States Dollar

COUNTERPARTY ABBREVIATION:

JPMS JPMorgan Securities LLC

PORTFOLIO ABBREVIATIONS:

CPI	Consumer Price Index
LIBOR	London Interbank Offered Rate
MTN	Medium Term Note

The notes are an integral part of this report. Transamerica Funds Page    4

Transamerica Intermediate Bond

SCHEDULE OF INVESTMENTS

At July 31, 2019

(unaudited)

	Principal		Value
ASSET-BACKED SECURITIES - 9.1%
321 Henderson Receivables VI LLC
Series 2010-1A, Class A,
5.56%, 07/15/2059 (A)		$  3,220,963		$  3,525,888
Battalion CLO XII, Ltd.
Series 2018-12A, Class A1,
3-Month LIBOR + 1.07%, 3.60% (B), 05/17/2031 (A)		3,500,000		3,448,945
BlueMountain CLO, Ltd.
Series 2015-2A, Class A1R,
3-Month LIBOR + 0.93%, 3.23% (B), 07/18/2027 (A)		7,532,000		7,507,340
BXG Receivables Note Trust
Series 2015-A, Class A,
2.88%, 05/02/2030 (A)		1,098,363		1,091,422
CIFC Funding, Ltd.
Series 2013-2A, Class A1LR,
3-Month LIBOR + 1.21%, 3.51% (B), 10/18/2030 (A)		15,580,000		15,545,225
Hilton Grand Vacations Trust
Series 2013-A, Class A,
2.28%, 01/25/2026 (A)		188,732		188,670
Series 2017-AA, Class A,
2.66%, 12/26/2028 (A)		978,963		981,162
ICG CLO, Ltd.
Series 2014-1A, Class A1R,
3-Month LIBOR + 1.22%, 3.50% (B), 01/20/2030 (A)		2,750,000		2,743,590
JG Wentworth XXI LLC
Series 2010-2A, Class A,
4.07%, 01/15/2048 (A)		778,566		811,580
JG Wentworth XXII LLC
Series 2010-3A, Class A,
3.82%, 12/15/2048 (A)		1,114,996		1,148,359
JG Wentworth XXXV LLC
Series 2015-2A, Class A,
3.87%, 03/15/2058 (A)		1,605,655		1,741,074
JGWPT XXVIII LLC
Series 2013-1A, Class A,
3.22%, 04/15/2067 (A)		6,186,919		6,349,934
Laurel Road Prime Student Loan Trust
Series 2018-B, Class A2FX,
3.54%, 05/26/2043 (A)		3,770,000		3,890,058
Longfellow Place CLO, Ltd.
Series 2013-1A, Class ARR,
3-Month LIBOR + 1.34%, 3.64% (B), 04/15/2029 (A)		3,500,000		3,500,322
Mill City Mortgage Loan Trust
Series 2016-1, Class A1,
2.50% (B), 04/25/2057 (A)		1,047,996		1,043,236
MVW Owner Trust
Series 2014-1A, Class A,
2.25%, 09/22/2031 (A)		772,887		769,206
Series 2016-1A, Class A,
2.25%, 12/20/2033 (A)		2,931,169		2,898,223
Series 2019-1A, Class A,
2.89%, 11/20/2036 (A)		2,751,246		2,783,101

	Principal		Value
ASSET-BACKED SECURITIES (continued)
New Residential Advanced Receivables Trust
Series 2017-T1, Class AT1,
3.21%, 02/15/2051 (A)		$   11,600,000		$   11,689,082
NRZ Advance Receivables Trust
Series 2016-T3, Class AT3,
2.83%, 10/15/2051 (A)		1,240,000		1,238,752
Series 2016-T4, Class AT4,
3.11%, 12/15/2050 (A)		12,340,000		12,405,302
Series 2019-T1, Class AT1,
2.59%, 07/15/2052 (A)		7,750,000		7,728,339
Octagon Investment Partners 33, Ltd.
Series 2017-1A, Class A1,
3-Month LIBOR + 1.19%, 3.47% (B), 01/20/2031 (A)		3,600,000		3,594,906
Ocwen Master Advance Receivables Trust
Series 2016-T2, Class AT2,
2.72%, 08/16/2049 (A)		2,500,000		2,499,596
Series 2018-T1, Class AT1,
3.30%, 08/15/2049 (A)		4,700,000		4,700,471
Series 2018-T2, Class AT2,
3.60%, 08/15/2050 (A)		4,635,000		4,668,641
Orange Lake Timeshare Trust
Series 2014-AA, Class A,
2.29%, 07/09/2029 (A)		452,478		449,734
Series 2015-AA, Class A,
2.88%, 09/08/2027 (A)		909,571		909,358
Series 2018-A, Class A,
3.10%, 11/08/2030 (A)		2,985,177		3,020,603
Series 2018-A, Class B,
3.35%, 11/08/2030 (A)		2,442,397		2,467,722
Series 2019-A, Class A,
3.06%, 04/09/2038 (A)		1,615,436		1,630,897
Palmer Square CLO, Ltd.
Series 2015-2A, Class A1AR,
3-Month LIBOR + 1.27%, 3.55% (B), 07/20/2030 (A)		6,445,000		6,442,293
RAAC Trust
Series 2007-RP4, Class A,
1-Month LIBOR + 0.35%, 2.75% (B), 11/25/2046 (A)		715,441		683,284
SBA Tower Trust
Series 2014-1A, Class C,
2.90% (B), 10/15/2044 (A)		24,599,000		24,602,087
Sierra Timeshare Receivables Funding LLC
Series 2015-1A, Class A,
2.40%, 03/22/2032 (A)		267,941		267,532
Series 2015-1A, Class B,
3.05%, 03/22/2032 (A)		278,010		277,690
Series 2015-3A, Class A,
2.58%, 09/20/2032 (A)		605,858		603,757
Series 2016-2A, Class A,
2.33%, 07/20/2033 (A)		984,791		978,421
SolarCity LMC Series III LLC
Series 2014-2, Class A,
4.02%, 07/20/2044 (A)		3,519,831		3,535,632
SPS Servicer Advance Receivables Trust
Series 2016-T2, Class AT2,
2.75%, 11/15/2049 (A)		1,714,286		1,712,948
Symphony CLO XIX, Ltd.
Series 2018-19A, Class A,
3-Month LIBOR + 0.96%, 3.28% (B), 04/16/2031 (A)		3,000,000		2,966,805

The notes are an integral part of this report. Transamerica Funds Page    1

Transamerica Intermediate Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
ASSET-BACKED SECURITIES (continued)
Towd Point Mortgage Trust
Series 2015-3, Class A1B,
3.00% (B), 03/25/2054 (A)		$   3,269,609		$   3,269,244
Series 2015-4, Class A1B,
2.75% (B), 04/25/2055 (A)		847,901		846,185
Series 2015-5, Class A1B,
2.75% (B), 05/25/2055 (A)		5,016,665		5,005,719
Series 2015-6, Class A1B,
2.75% (B), 04/25/2055 (A)		2,764,573		2,762,909
Series 2016-2, Class A1A,
2.75% (B), 08/25/2055 (A)		2,880,105		2,887,014
Series 2016-3, Class A1,
2.25% (B), 04/25/2056 (A)		4,866,937		4,842,563
Series 2016-4, Class A1,
2.25% (B), 07/25/2056 (A)		3,534,129		3,499,914
Series 2017-1, Class A1,
2.75% (B), 10/25/2056 (A)		4,142,232		4,157,465
Series 2017-2, Class A1,
2.75% (B), 04/25/2057 (A)		4,848,615		4,859,001
Series 2017-3, Class A1,
2.75% (B), 07/25/2057 (A)		3,386,045		3,382,669
Series 2017-6, Class A1,
2.75% (B), 10/25/2057 (A)		7,391,686		7,405,697
Series 2018-1, Class A1,
3.00% (B), 01/25/2058 (A)		11,972,425		12,024,022
VB-S1 Issuer LLC
Series 2018-1A, Class C,
3.41%, 02/15/2048 (A)		9,945,000		10,002,193
VSE VOI Mortgage LLC
Series 2016-A, Class A,
2.54%, 07/20/2033 (A)		3,810,186		3,796,888
Welk Resorts LLC
Series 2017-AA, Class A,
2.82%, 06/15/2033 (A)		5,252,498		5,276,065
Wellfleet CLO, Ltd.
Series 2016-2A, Class A1R,
3-Month LIBOR + 1.14%, 3.42% (B), 10/20/2028 (A)		8,060,000		8,061,765
Total Asset-Backed Securities (Cost $240,456,678)				241,120,500
CORPORATE DEBT SECURITIES - 34.8%
Aerospace & Defense - 0.3%
Boeing Co.
3.50%, 03/01/2039		5,642,000		5,636,836
United Technologies Corp.
4.13%, 11/16/2028		3,098,000		3,423,565
				9,060,401
Airlines - 1.5%
American Airlines Pass-Through Trust
3.20%, 12/15/2029		1,985,724		2,011,539
3.70%, 04/01/2028		6,568,778		6,826,274
4.95%, 07/15/2024		2,968,233		3,114,270
Continental Airlines Pass-Through Trust
4.00%, 04/29/2026		4,203,134		4,402,362
Delta Air Lines Pass-Through Trust
4.75%, 11/07/2021		5,753,197		5,837,769
6.82%, 02/10/2024		8,389,000		9,191,827
7.75%, 06/17/2021		255,175		260,067
Southwest Airlines Co. Pass-Through Trust
6.15%, 02/01/2024		254,156		267,684

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Airlines (continued)
United Airlines Pass-Through Trust
3.75%, 03/03/2028		$   5,686,233		$   5,927,329
US Airways Pass-Through Trust
5.38%, 05/15/2023		2,379,576		2,470,946
				40,310,067
Auto Components - 0.2%
BorgWarner, Inc.
3.38%, 03/15/2025		3,900,000		4,007,075
Automobiles - 0.2%
General Motors Co.
4.88%, 10/02/2023		2,725,000		2,901,211
6.25%, 10/02/2043		1,075,000		1,164,343
				4,065,554
Banks - 5.4%
AIB Group PLC
Fixed until 04/10/2024, 4.26% (B), 04/10/2025 (A)		8,172,000		8,396,982
Banco Santander SA
2.71%, 06/27/2024		7,600,000		7,566,571
Bank of America Corp.
Fixed until 01/23/2025, 3.37% (B), 01/23/2026		12,459,000		12,814,999
Fixed until 12/20/2027, 3.42% (B), 12/20/2028		6,486,000		6,682,693
Barclays Bank PLC
10.18%, 06/12/2021 (A)		8,565,000		9,646,863
BNP Paribas SA
4.40%, 08/14/2028 (A)		8,471,000		9,197,356
CIT Group, Inc.
4.13%, 03/09/2021		555,000		564,768
Citigroup, Inc.
Fixed until 04/24/2024, 3.35% (B), 04/24/2025		2,758,000		2,831,967
Fixed until 03/20/2029, 3.98% (B), 03/20/2030		6,902,000		7,375,180
4.50%, 01/14/2022		2,945,000		3,087,204
Commerzbank AG
8.13%, 09/19/2023 (A)		8,120,000		9,391,460
Discover Bank
3.45%, 07/27/2026		5,445,000		5,562,900
First Horizon National Corp.
3.50%, 12/15/2020		4,785,000		4,831,547
HSBC Holdings PLC
4.25%, 03/14/2024		485,000		508,285
5.25%, 03/14/2044		790,000		934,278
Intesa Sanpaolo SpA
5.02%, 06/26/2024 (A)		2,945,000		2,982,132
JPMorgan Chase & Co.
Fixed until 07/23/2023, 3.80% (B), 07/23/2024		5,333,000		5,582,676
4.13%, 12/15/2026		8,112,000		8,737,670
6.40%, 05/15/2038		4,241,000		5,919,354
Lloyds Banking Group PLC
Fixed until 11/07/2022, 2.91% (B), 11/07/2023		5,812,000		5,781,011
National Australia Bank, Ltd.
Fixed until 08/02/2029, 3.93% (B), 08/02/2034 (A) (C)		6,105,000		6,131,618
Royal Bank of Scotland Group PLC
Fixed until 06/25/2023, 4.52% (B), 06/25/2024		2,959,000		3,076,046
6.40%, 10/21/2019		2,607,000		2,628,216

The notes are an integral part of this report. Transamerica Funds Page    2

Transamerica Intermediate Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Banks (continued)
Wells Fargo & Co.
4.10%, 06/03/2026, MTN		$  10,918,000		$  11,560,759
Fixed until 06/15/2024 (D), 5.90% (B)		2,758,000		2,926,927
				144,719,462
Beverages - 1.1%
Anheuser-Busch Cos. LLC / Anheuser-Busch InBev Worldwide, Inc.
3.65%, 02/01/2026		2,707,000		2,855,046
Anheuser-Busch InBev Worldwide, Inc.
4.44%, 10/06/2048		6,551,000		7,006,399
4.75%, 01/23/2029		3,851,000		4,386,840
Constellation Brands, Inc.
3.15%, 08/01/2029		2,641,000		2,637,073
3.70%, 12/06/2026		1,404,000		1,470,174
Pernod Ricard SA
4.45%, 01/15/2022 (A)		3,146,000		3,295,795
5.75%, 04/07/2021 (A)		6,311,000		6,641,316
				28,292,643
Biotechnology - 0.2%
AbbVie, Inc.
3.20%, 05/14/2026		2,820,000		2,838,116
Gilead Sciences, Inc.
4.15%, 03/01/2047		1,598,000		1,679,538
				4,517,654
Building Products - 0.1%
Owens Corning
4.20%, 12/15/2022 (E)		3,647,000		3,820,367
Capital Markets - 2.5%
Ameriprise Financial, Inc.
3.00%, 03/22/2022		3,537,000		3,589,241
3.70%, 10/15/2024		3,402,000		3,596,787
Credit Suisse Group Funding Guernsey, Ltd.
3.75%, 03/26/2025		5,047,000		5,254,802
3.80%, 06/09/2023		5,920,000		6,137,262
Goldman Sachs Group, Inc.
5.25%, 07/27/2021		9,121,000		9,602,143
6.75%, 10/01/2037		4,556,000		6,040,904
Lazard Group LLC
4.50%, 09/19/2028		6,486,000		6,939,755
Morgan Stanley
3.70%, 10/23/2024, MTN		6,243,000		6,546,460
Fixed until 01/23/2029, 4.43% (B), 01/23/2030, MTN		1,286,000		1,422,400
5.00%, 11/24/2025		3,998,000		4,418,207
UBS AG
7.63%, 08/17/2022		11,848,000		13,268,931
				66,816,892
Chemicals - 0.1%
Syngenta Finance NV
3.93%, 04/23/2021 (A)		3,870,000		3,931,291
Commercial Services & Supplies - 0.6%
CK Hutchison International 17 II, Ltd.
2.25%, 09/29/2020 (A)		2,775,000		2,764,651

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Commercial Services & Supplies (continued)
ERAC Finance LLC
2.70%, 11/01/2023 (A)		$  4,400,000		$  4,427,244
3.85%, 11/15/2024 (A)		3,020,000		3,187,952
Waste Management, Inc.
3.20%, 06/15/2026		5,420,000		5,636,163
				16,016,010
Communications Equipment - 0.2%
Nokia OYJ
3.38%, 06/12/2022		5,221,000		5,303,596
Construction & Engineering - 0.4%
SBA Tower Trust
3.17%, 04/09/2047 (A)		4,040,000		4,065,510
3.45%, 03/15/2048 (A)		5,806,000		5,950,843
				10,016,353
Construction Materials - 0.5%
CRH America Finance, Inc.
4.50%, 04/04/2048 (A)		2,825,000		2,852,024
LafargeHolcim Finance LLC
4.75%, 09/22/2046 (A)		5,530,000		5,505,276
Martin Marietta Materials, Inc.
3.50%, 12/15/2027		4,400,000		4,417,019
4.25%, 12/15/2047		1,604,000		1,513,063
				14,287,382
Consumer Finance - 1.0%
Ally Financial, Inc.
3.88%, 05/21/2024		3,094,000		3,194,555
4.13%, 03/30/2020		5,550,000		5,591,625
American Express Co.
4.05%, 12/03/2042		2,075,000		2,301,945
BMW Capital LLC
2.80%, 04/11/2026 (A)		4,784,000		4,810,867
Capital One Financial Corp.
3.30%, 10/30/2024		5,408,000		5,599,290
Ford Motor Credit Co. LLC
4.54%, 08/01/2026 (C)		4,299,000		4,335,521
				25,833,803
Containers & Packaging - 0.4%
International Paper Co.
4.75%, 02/15/2022		2,326,000		2,444,392
Reynolds Group Issuer, Inc. / Reynolds Group Issuer LLC
5.13%, 07/15/2023 (A)		2,095,000		2,131,663
5.75%, 10/15/2020		3,900,659		3,914,818
6.88%, 02/15/2021		1,231,940		1,235,020
				9,725,893
Diversified Consumer Services - 0.2%
Nationwide Building Society
Fixed until 07/18/2029, 3.96% (B), 07/18/2030 (A)		4,206,000		4,237,872
President & Fellows of Harvard College
3.62%, 10/01/2037		651,000		694,904
				4,932,776

The notes are an integral part of this report. Transamerica Funds Page    3

Transamerica Intermediate Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Diversified Financial Services - 0.6%
Aviation Capital Group LLC
7.13%, 10/15/2020 (A)		$   8,352,000		$   8,787,420
AXA Equitable Holdings, Inc.
5.00%, 04/20/2048		7,539,000		7,989,666
				16,777,086
Diversified Telecommunication Services - 1.2%
AT&T, Inc.
3.40%, 05/15/2025		6,204,000		6,381,638
GTP Acquisition Partners I LLC
2.35%, 06/15/2045 (A)		1,585,000		1,579,608
Hughes Satellite Systems Corp.
7.63%, 06/15/2021		2,980,000		3,199,388
Sprint Capital Corp.
6.88%, 11/15/2028		822,000		904,200
Verizon Communications, Inc.
3.50%, 11/01/2024		10,126,000		10,604,466
5.50%, 03/16/2047		7,119,000		8,965,043
				31,634,343
Electric Utilities - 1.4%
Appalachian Power Co.
3.40%, 06/01/2025		6,562,000		6,778,702
Cleveland Electric Illuminating Co.
5.95%, 12/15/2036		458,000		557,653
Duke Energy Corp.
3.75%, 04/15/2024 - 09/01/2046		12,058,000		12,191,825
Duke Energy Progress LLC
3.60%, 09/15/2047		2,025,000		2,064,608
Entergy Arkansas LLC
3.70%, 06/01/2024		1,110,000		1,172,826
Niagara Mohawk Power Corp.
4.88%, 08/15/2019 (A)		1,540,000		1,541,218
Oncor Electric Delivery Co. LLC
4.10%, 06/01/2022		3,366,000		3,520,529
5.30%, 06/01/2042		525,000		670,635
PacifiCorp
3.60%, 04/01/2024		4,221,000		4,428,776
5.75%, 04/01/2037		400,000		516,127
Public Service Electric & Gas Co.
3.00%, 05/15/2025, MTN		4,661,000		4,765,326
				38,208,225
Electronic Equipment, Instruments & Components - 0.4%
Arrow Electronics, Inc.
3.88%, 01/12/2028		3,432,000		3,417,792
Keysight Technologies, Inc.
4.55%, 10/30/2024		6,646,000		7,084,223
4.60%, 04/06/2027		550,000		589,879
				11,091,894
Energy Equipment & Services - 0.3%
Schlumberger Holdings Corp.
3.90%, 05/17/2028 (A)		6,223,000		6,504,115
Schlumberger Investment SA
3.65%, 12/01/2023		835,000		872,246
				7,376,361
Equity Real Estate Investment Trusts - 2.0%
American Tower Trust #1
3.65%, 03/15/2048 (A)		2,000,000		2,094,611
CBL & Associates, LP
5.25%, 12/01/2023 (F)		7,049,000		5,145,770

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Equity Real Estate Investment Trusts (continued)
EPR Properties
4.75%, 12/15/2026		$   4,304,000		$   4,562,100
HCP, Inc.
3.40%, 02/01/2025		1,621,000		1,665,321
3.50%, 07/15/2029		2,969,000		3,009,043
Hospitality Properties Trust
5.00%, 08/15/2022		6,379,000		6,648,529
Kilroy Realty, LP
4.25%, 08/15/2029		12,920,000		13,784,180
Life Storage, LP
4.00%, 06/15/2029		3,081,000		3,191,370
VEREIT Operating Partnership, LP
3.95%, 08/15/2027		4,300,000		4,488,499
4.63%, 11/01/2025		2,474,000		2,674,021
WEA Finance LLC
4.13%, 09/20/2028 (A)		5,539,000		5,923,035
				53,186,479
Food & Staples Retailing - 0.5%
Sysco Corp.
3.30%, 07/15/2026		4,407,000		4,548,444
Walmart, Inc.
3.63%, 12/15/2047		7,040,000		7,581,178
				12,129,622
Health Care Equipment & Supplies - 0.4%
Abbott Laboratories
3.75%, 11/30/2026		4,467,000		4,819,849
Boston Scientific Corp.
4.70%, 03/01/2049		4,497,000		5,241,267
				10,061,116
Health Care Providers & Services - 0.8%
Cigna Corp.
4.13%, 11/15/2025 (A)		3,636,000		3,861,223
CVS Health Corp.
2.13%, 06/01/2021		3,452,000		3,428,932
4.10%, 03/25/2025		2,224,000		2,340,353
HCA Healthcare, Inc.
6.25%, 02/15/2021		1,980,000		2,074,763
HCA, Inc.
4.13%, 06/15/2029		1,389,000		1,422,850
5.25%, 04/15/2025		1,332,000		1,467,972
Quest Diagnostics, Inc.
4.20%, 06/30/2029		5,553,000		6,010,035
				20,606,128
Household Durables - 0.3%
D.R. Horton, Inc.
4.38%, 09/15/2022		4,697,000		4,899,890
Whirlpool Corp.
4.75%, 02/26/2029		2,882,000		3,149,223
				8,049,113
Industrial Conglomerates - 0.3%
General Electric Co.
6.88%, 01/10/2039, MTN		5,427,000		7,043,718
Insurance - 0.8%
Athene Global Funding
3.00%, 07/01/2022 (A)		4,653,000		4,710,284
CNA Financial Corp.
3.90%, 05/01/2029		3,303,000		3,468,922

The notes are an integral part of this report. Transamerica Funds Page    4

Transamerica Intermediate Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Insurance (continued)
Lincoln National Corp.
3.63%, 12/12/2026		$   4,597,000		$   4,800,239
Reinsurance Group of America, Inc.
3.90%, 05/15/2029		2,097,000		2,182,870
RenaissanceRe Finance, Inc.
3.45%, 07/01/2027		6,509,000		6,643,922
				21,806,237
Interactive Media & Services - 0.4%
Baidu, Inc.
4.38%, 05/14/2024 (F)		5,327,000		5,650,615
Tencent Holdings, Ltd.
3.28%, 04/11/2024 (A)		5,690,000		5,824,502
				11,475,117
Internet & Direct Marketing Retail - 0.3%
Booking Holdings, Inc.
3.60%, 06/01/2026		2,772,000		2,911,269
Expedia Group, Inc.
3.80%, 02/15/2028		4,224,000		4,338,213
				7,249,482
IT Services - 0.4%
DXC Technology Co.
4.75%, 04/15/2027		3,507,000		3,767,739
Fidelity National Information Services, Inc.
3.75%, 05/21/2029		2,250,000		2,383,117
Fiserv, Inc.
3.50%, 07/01/2029		4,073,000		4,166,760
				10,317,616
Life Sciences Tools & Services - 0.2%
Thermo Fisher Scientific, Inc.
5.30%, 02/01/2044		4,569,000		5,685,860
Machinery - 0.1%
Doosan Heavy Industries & Construction Co., Ltd.
2.13%, 04/27/2020 (A)		2,430,000		2,422,247
Media - 0.9%
CCO Holdings LLC / CCO Holdings Capital Corp.
5.75%, 01/15/2024		3,416,000		3,488,590
Clear Channel Worldwide Holdings, Inc.
6.50%, 11/15/2022		4,300,000		4,390,300
NBCUniversal Enterprise, Inc.
5.25%, 03/19/2021 (A) (D)		3,715,000		3,817,163
NBCUniversal Media LLC
4.38%, 04/01/2021		6,297,000		6,513,387
4.45%, 01/15/2043		4,080,000		4,523,404
				22,732,844
Metals & Mining - 0.3%
Anglo American Capital PLC
4.00%, 09/11/2027 (A)		5,075,000		5,123,427
4.75%, 04/10/2027 (A)		1,105,000		1,172,038
Freeport-McMoRan, Inc.
3.88%, 03/15/2023		1,125,000		1,127,475
				7,422,940
Multi-Utilities - 0.7%
Black Hills Corp.
4.25%, 11/30/2023		4,627,000		4,896,523

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Multi-Utilities (continued)
CMS Energy Corp.
3.88%, 03/01/2024		$   539,000		$   562,918
4.88%, 03/01/2044		725,000		846,932
Dominion Energy, Inc.
2.58%, 07/01/2020		3,948,000		3,948,376
DTE Electric Co.
4.30%, 07/01/2044		6,720,000		7,658,158
Public Service Enterprise Group, Inc.
2.65%, 11/15/2022		1,550,000		1,559,341
				19,472,248
Oil, Gas & Consumable Fuels - 3.2%
Anadarko Petroleum Corp.
5.55%, 03/15/2026		8,446,000		9,483,954
BP Capital Markets PLC
3.12%, 05/04/2026		9,549,000		9,685,535
Energy Transfer Operating, LP
4.90%, 02/01/2024		2,755,000		2,961,232
5.15%, 03/15/2045		1,238,000		1,268,232
5.95%, 10/01/2043		960,000		1,068,084
7.60%, 02/01/2024		3,005,000		3,479,214
Enterprise Products Operating LLC
4.25%, 02/15/2048		7,383,000		7,599,932
EOG Resources, Inc.
2.45%, 04/01/2020		3,127,000		3,125,993
Exxon Mobil Corp.
3.04%, 03/01/2026		7,955,000		8,263,096
Kinder Morgan Energy Partners, LP
4.15%, 02/01/2024		5,190,000		5,472,687
Nexen, Inc.
5.88%, 03/10/2035		110,000		136,474
Petroleos Mexicanos
3.50%, 01/30/2023		6,930,000		6,604,359
6.88%, 08/04/2026		3,335,000		3,399,532
Petronas Capital, Ltd.
5.25%, 08/12/2019 (A)		7,450,000		7,455,216
Sabine Pass Liquefaction LLC
4.20%, 03/15/2028		2,976,000		3,110,491
Shell International Finance BV
2.50%, 09/12/2026		7,173,000		7,176,314
3.75%, 09/12/2046		2,122,000		2,263,936
Western Midstream Operating, LP
5.38%, 06/01/2021		1,956,000		2,017,936
Williams Cos., Inc.
5.40%, 03/04/2044		814,000		900,655
7.88%, 09/01/2021		796,000		878,918
				86,351,790
Pharmaceuticals - 1.0%
AstraZeneca PLC
4.00%, 01/17/2029		1,620,000		1,771,352
4.38%, 08/17/2048 (F)		3,542,000		3,992,974
Bayer Finance LLC
3.00%, 10/08/2021 (A)		3,950,000		3,971,517
Bristol-Myers Squibb Co.
3.20%, 06/15/2026 (A)		4,120,000		4,263,376
Merck & Co., Inc.
3.40%, 03/07/2029		2,849,000		3,032,868
Mylan, Inc.
4.55%, 04/15/2028 (F)		4,728,000		4,978,340
Takeda Pharmaceutical Co., Ltd.
5.00%, 11/26/2028 (A)		4,474,000		5,141,156
				27,151,583

The notes are an integral part of this report. Transamerica Funds Page    5

Transamerica Intermediate Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Road & Rail - 0.6%
Burlington Northern Santa Fe LLC
3.00%, 03/15/2023		$   269,000		$   275,747
3.75%, 04/01/2024		2,294,000		2,431,909
CSX Corp.
3.80%, 11/01/2046		2,932,000		2,977,653
Park Aerospace Holdings, Ltd.
5.50%, 02/15/2024 (A)		9,480,000		10,241,244
				15,926,553
Semiconductors & Semiconductor Equipment - 0.8%
Intel Corp.
2.88%, 05/11/2024		6,383,000		6,541,863
KLA Corp.
4.10%, 03/15/2029		4,195,000		4,523,238
Lam Research Corp.
3.75%, 03/15/2026		4,021,000		4,248,560
NXP BV / NXP Funding LLC
4.88%, 03/01/2024 (A)		2,341,000		2,510,963
QUALCOMM, Inc.
3.25%, 05/20/2027		4,454,000		4,558,875
				22,383,499
Software - 0.2%
Microsoft Corp.
3.30%, 02/06/2027		3,849,000		4,078,374
Technology Hardware, Storage & Peripherals - 0.5%
Apple, Inc.
2.85%, 02/23/2023		4,155,000		4,251,161
Dell International LLC / EMC Corp.
6.02%, 06/15/2026 (A)		3,104,000		3,431,916
Western Digital Corp.
4.75%, 02/15/2026 (F)		5,945,000		5,878,119
				13,561,196
Tobacco - 0.4%
Altria Group, Inc.
4.80%, 02/14/2029		2,983,000		3,218,862
BAT Capital Corp.
2.76%, 08/15/2022		5,654,000		5,653,284
3.22%, 08/15/2024		2,895,000		2,918,538
				11,790,684
Transportation Infrastructure - 0.1%
Penske Truck Leasing Co., LP / PTL Finance Corp.
3.45%, 07/01/2024 (A)		3,097,000		3,195,714
Wireless Telecommunication Services - 0.8%
America Movil SAB de CV
3.13%, 07/16/2022		3,475,000		3,531,404
4.38%, 07/16/2042 (F)		2,600,000		2,818,807
Crown Castle Towers LLC
3.22%, 05/15/2042 (A)		7,142,000		7,199,940
3.72%, 07/15/2043 (A)		3,680,000		3,784,268
Sprint Corp.
7.25%, 09/15/2021		1,520,000		1,632,100
7.88%, 09/15/2023		1,290,000		1,438,350
				20,404,869
Total Corporate Debt Securities (Cost $895,512,349)				925,250,157

	Principal		Value
FOREIGN GOVERNMENT OBLIGATIONS - 1.2%
Brazil - 0.1%
Brazil Government International Bond
4.25%, 01/07/2025 (F)		$   1,440,000		$   1,516,637
Colombia - 0.3%
Colombia Government International Bond
4.00%, 02/26/2024		810,000		849,698
4.50%, 01/28/2026		6,675,000		7,185,637
				8,035,335
Indonesia - 0.2%
Indonesia Government International Bond
4.75%, 01/08/2026 (A)		4,560,000		5,007,671
5.38%, 10/17/2023 (A)		1,500,000		1,655,715
				6,663,386
Mexico - 0.3%
Mexico Government International Bond
3.75%, 01/11/2028		6,720,000		6,797,280
Panama - 0.1%
Panama Government International Bond
3.88%, 03/17/2028		1,335,000		1,426,795
Peru - 0.0% (G)
Peru Government International Bond
7.35%, 07/21/2025		1,010,000		1,287,245
Poland - 0.1%
Republic of Poland Government International Bond
3.00%, 03/17/2023		1,420,000		1,456,494
Qatar - 0.0% (G)
Qatar Government International Bond
3.88%, 04/23/2023 (A)		913,000		962,074
Saudi Arabia - 0.1%
Saudi Arabia Government International Bond
2.38%, 10/26/2021 (A)		3,775,000		3,774,773
Total Foreign Government Obligations (Cost $30,877,403)				31,920,019
MORTGAGE-BACKED SECURITIES - 10.3%
Alternative Loan Trust
Series 2005-36, Class 2A1A,
1-Month LIBOR + 0.31%, 2.58% (B), 08/25/2035		626,296		557,011
Series 2005-50CB, Class 1A1,
5.50%, 11/25/2035		1,069,221		1,012,217
Series 2005-51, Class 3A3A,
1-Month LIBOR + 0.64%, 2.91% (B), 11/20/2035		620,143		592,117
Series 2007-22, Class 2A16,
6.50%, 09/25/2037		5,721,346		3,822,934
Series 2007-5CB, Class 1A31,
5.50%, 04/25/2037		1,075,239		844,686
Banc of America Funding Trust
Series 2005-E, Class 4A1,
4.72% (B), 03/20/2035		23,325		23,551
BB-UBS Trust
Series 2012-TFT, Class A,
2.89%, 06/05/2030 (A)		15,060,000		15,031,606

The notes are an integral part of this report. Transamerica Funds Page    6

Transamerica Intermediate Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
MORTGAGE-BACKED SECURITIES (continued)
BB-UBS Trust (continued)
Series 2012-TFT, Class C,
3.47% (B), 06/05/2030 (A)		$   7,195,000		$   7,102,113
BBCMS Trust
Series 2013-TYSN, Class B,
4.04%, 09/05/2032 (A)		2,530,000		2,554,040
Series 2015-MSQ, Class B,
3.89%, 09/15/2032 (A)		1,100,000		1,132,247
BCAP LLC Trust
Series 2011-R11, Class 23A1,
5.01% (B), 06/26/2035 (A)		120,337		121,676
Bear Stearns Alt-A Trust
Series 2004-11, Class 2A2,
4.67% (B), 11/25/2034		33,325		33,204
Caesars Palace Las Vegas Trust
Series 2017-VICI, Class A,
3.53%, 10/15/2034 (A)		7,430,000		7,669,288
CGRBS Commercial Mortgage Trust
Series 2013-VN05, Class B,
3.58% (B), 03/13/2035 (A)		6,250,000		6,547,352
CHL Mortgage Pass-Through Trust
Series 2003-60, Class 1A1,
4.88% (B), 02/25/2034		36,901		37,626
Series 2005-3, Class 1A2,
1-Month LIBOR + 0.58%, 2.85% (B), 04/25/2035		126,870		123,818
Citigroup Commercial Mortgage Trust
Series 2014-GC19, Class A3,
3.75%, 03/10/2047		901,669		950,090
Series 2014-GC19, Class A4,
4.02%, 03/10/2047		2,065,000		2,200,016
Citigroup Mortgage Loan Trust, Inc.
Series 2014-A, Class A,
4.00% (B), 01/25/2035 (A)		675,259		698,594
Series 2015-A, Class A1,
3.50% (B), 06/25/2058 (A)		2,604,621		2,628,971
Series 2015-PS1, Class A1,
3.75% (B), 09/25/2042 (A)		1,179,074		1,203,324
Series 2018-RP1, Class A1,
3.00% (B), 09/25/2064 (A)		3,407,523		3,441,431
COMM Mortgage Trust
Series 2013-CR11, Class AM,
4.72% (B), 08/10/2050		565,000		609,209
Series 2013-GAM, Class A1,
1.71%, 02/10/2028 (A)		587,138		581,848
Series 2013-GAM, Class A2,
3.37%, 02/10/2028 (A)		4,005,000		4,024,550
Series 2013-WWP, Class A2,
3.42%, 03/10/2031 (A)		2,760,000		2,863,523
Series 2013-WWP, Class B,
3.73%, 03/10/2031 (A)		2,400,000		2,513,197
Series 2014-UBS2, Class A5,
3.96%, 03/10/2047		4,680,000		4,969,778
Series 2015-3BP, Class A,
3.18%, 02/10/2035 (A)		25,340,000		26,271,384
Series 2016-GCT, Class C,
3.46% (B), 08/10/2029 (A)		4,900,000		4,934,106
Commercial Mortgage Pass-Through Certificates Trust
Series 2012-LTRT, Class A2,
3.40%, 10/05/2030 (A)		7,035,000		7,101,369
Core Industrial Trust
Series 2015-CALW, Class B,
3.25%, 02/10/2034 (A)		9,280,000		9,446,927
Credit Suisse Mortgage Capital Certificates
Series 2009-11R, Class 5A1,
3.76% (B), 08/26/2036 (A)		112,248		112,340

	Principal		Value
MORTGAGE-BACKED SECURITIES (continued)
CSMC Trust
Series 2014-11R, Class 17A1,
1-Month LIBOR + 0.15%, 2.55% (B), 12/27/2036 (A)		$   1,258,390		$   1,199,068
Series 2014-4R, Class 21A1,
1-Month LIBOR + 0.33%, 3.06% (B), 12/27/2035 (A)		3,380,494		3,360,393
GMACM Mortgage Loan Trust
Series 2005-AR1, Class 3A,
4.72% (B), 03/18/2035		22,175		22,876
GS Mortgage Securities Corp. II
Series 2013-KING, Class E,
3.44% (B), 12/10/2027 (A)		3,320,000		3,309,049
GS Mortgage Securities Trust
Series 2013-G1, Class A2,
3.56% (B), 04/10/2031 (A)		4,664,567		4,734,080
HarborView Mortgage Loan Trust
Series 2004-4, Class 2A,
1-Month LIBOR + 0.56%, 2.86% (B), 06/19/2034		295,605		289,868
Houston Galleria Mall Trust
Series 2015-HGLR, Class A1A2,
3.09%, 03/05/2037 (A)		4,498,000		4,600,834
Impac CMB Trust
Series 2003-8, Class 1A1,
1-Month LIBOR + 0.68%, 2.95% (B), 10/25/2033		54,403		54,490
Series 2004-6, Class 1A1,
1-Month LIBOR + 0.80%, 3.07% (B), 10/25/2034		19,246		19,119
IndyMac INDX Mortgage Loan Trust
Series 2007-AR15, Class 2A1,
3.77% (B), 08/25/2037		427,877		369,612
JPMorgan Chase Commercial Mortgage Securities Trust
Series 2012-WLDN, Class A,
3.91%, 05/05/2030 (A)		6,701,359		6,879,414
Series 2014-DSTY, Class B,
3.77%, 06/10/2027 (A)		4,800,000		4,729,302
JPMorgan Mortgage Trust
Series 2004-A1, Class 1A1,
4.27% (B), 02/25/2034		35,567		35,903
Series 2006-A2, Class 5A1,
4.62% (B), 11/25/2033		27,547		28,712
Series 2006-S3, Class 1A12,
6.50%, 08/25/2036		214,575		152,796
MASTR Adjustable Rate Mortgages Trust
Series 2007-R5, Class A1,
4.45% (B), 11/25/2035 (A)		315,623		250,059
Merrill Lynch Mortgage Investors Trust
Series 2003-F, Class A1,
1-Month LIBOR + 0.64%, 2.91% (B), 10/25/2028		18,271		18,266
Series 2004-A1, Class 2A1,
4.58% (B), 02/25/2034		112,187		113,487
Series 2005-A3, Class A1,
1-Month LIBOR + 0.27%, 2.54% (B), 04/25/2035		8,781		8,767
Series 2005-A4, Class 2A2,
4.58% (B), 07/25/2035		92,472		91,102
Morgan Stanley Bank of America Merrill Lynch Trust
Series 2012-C6, Class AS,
3.48%, 11/15/2045		1,800,000		1,841,980
Series 2013-C11, Class B,
4.35% (B), 08/15/2046		1,035,000		1,085,162

The notes are an integral part of this report. Transamerica Funds Page    7

Transamerica Intermediate Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
MORTGAGE-BACKED SECURITIES (continued)
Morgan Stanley Capital Barclays Bank Trust
Series 2016-MART, Class A,
2.20%, 09/13/2031 (A)		$   13,747,000		$   13,690,278
Morgan Stanley Re-REMIC Trust
Series 2009-R3, Class 1A,
5.50% (B), 10/26/2035 (A)		6,039		6,027
Morgan Stanley Resecuritization Trust
Series 2014-R3, Class 2A,
3.00% (B), 07/26/2048 (A)		3,625,677		3,590,942
Series 2014-R4, Class 4A,
4.39% (B), 11/21/2035 (A)		529,598		536,293
Motel 6 Trust
Series 2017-MTL6, Class C,
1-Month LIBOR + 1.40%, 3.73% (B), 08/15/2034 (A)		18,211,523		18,222,920
Nationstar Mortgage Loan Trust
Series 2013-A, Class A,
3.75% (B), 12/25/2052 (A)		1,944,867		1,981,984
New Residential Mortgage Loan Trust
Series 2014-1A, Class A,
3.75% (B), 01/25/2054 (A)		754,957		777,572
Series 2014-2A, Class A3,
3.75% (B), 05/25/2054 (A)		596,239		605,261
Series 2014-3A, Class AFX3,
3.75% (B), 11/25/2054 (A)		1,920,062		1,970,940
Series 2015-2A, Class A1,
3.75% (B), 08/25/2055 (A)		2,756,849		2,831,146
Series 2016-1A, Class A1,
3.75% (B), 03/25/2056 (A)		2,038,409		2,073,561
Series 2016-2A, Class A1,
3.75% (B), 11/26/2035 (A)		2,506,208		2,572,107
Series 2016-3A, Class A1B,
3.25% (B), 09/25/2056 (A)		3,515,435		3,557,125
Series 2017-1A, Class A1,
4.00% (B), 02/25/2057 (A)		10,610,269		10,964,006
Series 2017-2A, Class A3,
4.00% (B), 03/25/2057 (A)		1,815,708		1,882,592
Series 2017-3A, Class A1,
4.00% (B), 04/25/2057 (A)		10,475,162		10,822,369
Series 2017-4A, Class A1,
4.00% (B), 05/25/2057 (A)		3,927,702		4,072,938
Series 2018-1A, Class A1A,
4.00% (B), 12/25/2057 (A)		1,896,293		1,963,583
One Market Plaza Trust
Series 2017-1MKT, Class A,
3.61%, 02/10/2032 (A)		10,807,000		11,236,061
Palisades Center Trust
Series 2016-PLSD, Class A,
2.71%, 04/13/2033 (A)		6,500,000		6,474,287
Provident Funding Mortgage Loan Trust
Series 2005-1, Class 3A1,
1-Month LIBOR + 0.58%, 2.85% (B), 05/25/2035		1,129,994		1,138,975
Queens Center Mortgage Trust
Series 2013-QCA, Class D,
3.47% (B), 01/11/2037 (A)		4,200,000		4,262,285
RALI Trust
Series 2007-QO1, Class A1,
1-Month LIBOR + 0.15%, 2.42% (B), 02/25/2047		321,459		309,701
Series 2007-QO4, Class A1A,
1-Month LIBOR + 0.19%, 2.46% (B), 05/25/2047		603,315		589,421

	Principal		Value
MORTGAGE-BACKED SECURITIES (continued)
RBSSP Resecuritization Trust
Series 2009-6, Class 2A1,
1-Month LIBOR + 0.15%, 4.23% (B), 01/26/2036 (A)		$   52,402		$   52,650
Series 2009-7, Class 5A4,
1-Month LIBOR + 0.40%, 2.80% (B), 06/26/2037 (A)		253,341		251,581
Structured Adjustable Rate Mortgage Loan Trust
Series 2005-15, Class 1A1,
4.16% (B), 07/25/2035		316,067		252,946
Series 2007-3, Class 3A1,
4.42% (B), 04/25/2047		816,351		601,391
Structured Asset Mortgage Investments II Trust
Series 2003-AR4, Class A1,
1-Month LIBOR + 0.70%, 3.00% (B), 01/19/2034		27,003		26,699
UBS-BAMLL Trust
Series 2012-WRM, Class A,
3.66%, 06/10/2030 (A)		6,983,000		7,142,949
WaMu Mortgage Pass-Through Certificates Trust
Series 2005-AR8, Class 2A1A,
1-Month LIBOR + 0.58%, 2.85% (B), 07/25/2045		33,044		32,806
Series 2007-OA6, Class 1A1B,
12-MTA + 0.81%, 3.32% (B), 07/25/2047		262,695		42,297
Wells Fargo Commercial Mortgage Trust
Series 2015-C26, Class B,
3.78%, 02/15/2048		3,000,000		3,101,754
Wells Fargo Mortgage-Backed Securities Trust
Series 2003-N, Class 1A2,
4.83% (B), 12/25/2033		364,550		379,114
Total Mortgage-Backed Securities (Cost $271,348,520)				272,967,043
MUNICIPAL GOVERNMENT OBLIGATIONS - 0.7%
California - 0.6%
Los Angeles Community College District, General Obligation Unlimited,
6.60%, 08/01/2042		340,000		519,476
State of California, General Obligation Unlimited
7.30%, 10/01/2039		2,760,000		4,198,208
7.60%, 11/01/2040		2,820,000		4,620,880
7.70%, 11/01/2030		1,650,000		1,760,236
7.95%, 03/01/2036		5,350,000		5,524,196
University of California, Revenue Bonds,
Series AD,
4.86%, 05/15/2112		315,000		384,228
				17,007,224
Georgia - 0.0% (G)
Municipal Electric Authority of Georgia, Revenue Bonds,
Series A,
6.64%, 04/01/2057		293,000		376,265
New Jersey - 0.0% (G)
New Jersey Turnpike Authority, Revenue Bonds,
Series F,
7.41%, 01/01/2040		431,000		678,502

The notes are an integral part of this report. Transamerica Funds Page    8

Transamerica Intermediate Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
New York - 0.1%
Metropolitan Transportation Authority, Revenue Bonds,
Series E,
6.81%, 11/15/2040		$   355,000		$   504,050
New York City Water & Sewer System, Revenue Bonds,
Series CC,
5.88%, 06/15/2044		340,000		484,218
New York State Dormitory Authority, Revenue Bonds,
Series H,
5.39%, 03/15/2040		330,000		411,810
Port Authority of New York & New Jersey, Revenue Bonds,
Series 181,
4.96%, 08/01/2046		570,000		723,661
				2,123,739
Total Municipal Government Obligations (Cost $19,966,097)				20,185,730
U.S. GOVERNMENT AGENCY OBLIGATIONS - 19.2%
Federal Home Loan Mortgage Corp.
6-Month LIBOR + 1.36%, 4.08% (B), 05/01/2037		30,333		31,162
6-Month LIBOR + 1.57%, 4.41% (B), 04/01/2037		49,240		50,965
6-Month LIBOR + 1.57%, 4.45% (B), 02/01/2037		7,423		7,663
12-Month LIBOR + 1.73%, 4.48% (B), 09/01/2035		338,823		354,315
12-Month LIBOR + 1.80%, 4.55% (B), 09/01/2037		15,083		15,847
12-Month LIBOR + 1.66%, 4.67% (B), 01/01/2038		78,785		82,463
12-Month LIBOR + 1.75%, 4.73% (B), 12/01/2034		11,350		11,905
6-Month LIBOR + 2.12%, 4.85% (B), 05/01/2037		10,441		10,954
5.00%, 08/01/2035 - 12/01/2035		1,769,970		1,945,923
12-Month LIBOR + 1.90%, 5.03% (B), 02/01/2041		199,702		208,693
5.50%, 11/01/2038 - 06/01/2041		1,174,745		1,312,672
6.00%, 05/01/2031		308,516		351,604
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates
2.89%, 06/25/2027		26,260,103		26,978,403
3.01%, 07/25/2025		16,012,000		16,641,771
3.06% (B), 08/25/2024		19,490,000		20,193,817
3.17%, 10/25/2024		2,140,000		2,231,842
3.49%, 01/25/2024		9,965,000		10,461,479
3.53% (B), 07/25/2023		8,335,000		8,732,153
Federal National Mortgage Association
2.50%, TBA (C)		17,190,000		17,288,076
3.00%, TBA (C)		160,123,000		161,852,773
3.50%, 07/01/2028 - 01/01/2029		2,564,267		2,669,264
3.50%, TBA (C)		139,242,000		142,625,146
6-Month LIBOR + 0.93%, 3.78% (B), 08/01/2037		3,389		3,431
4.00%, 06/01/2042		946,574		1,003,308
4.00%, TBA (C)		54,855,000		56,782,042
6-Month LIBOR + 1.51%, 4.16% (B), 01/01/2035		10,553		10,901

	Principal		Value
U.S. GOVERNMENT AGENCY OBLIGATIONS (continued)
Federal National Mortgage Association (continued)
6-Month LIBOR + 1.53%, 4.29% (B), 08/01/2034		$   3,296		$   3,383
4.50%, 02/01/2025 - 06/01/2026		1,208,406		1,267,099
12-Month LIBOR + 1.74%, 4.58% (B), 08/01/2035		31,319		32,949
12-Month LIBOR + 1.75%, 4.81% (B), 03/01/2041		111,253		116,014
12-Month LIBOR + 1.82%, 4.90% (B), 03/01/2041		33,810		35,514
5.00%, 04/01/2039 - 11/01/2039		12,463,415		13,724,165
5.50%, 04/01/2036 - 12/01/2041		5,898,239		6,667,032
6.00%, 02/01/2034 - 06/01/2041		11,987,927		13,651,428
6.50%, 06/01/2038 - 05/01/2040		1,819,803		2,119,714
Government National Mortgage Association, Interest Only STRIPS
0.78% (B), 02/16/2053		6,006,103		288,715
Total U.S. Government Agency Obligations (Cost $506,804,435)				509,764,585
U.S. GOVERNMENT OBLIGATIONS - 23.4%
U.S. Treasury - 20.6%
U.S. Treasury Bond
2.25%, 08/15/2046		9,652,000		9,113,976
2.50%, 02/15/2045 - 05/15/2046		46,751,200		46,521,606
2.75%, 08/15/2042 - 11/15/2047		41,572,400		43,488,596
2.88%, 08/15/2045		6,203,000		6,625,337
3.00%, 05/15/2042 - 08/15/2048		15,243,300		16,693,428
3.13%, 02/15/2042 - 05/15/2048		25,862,800		28,908,186
3.50%, 02/15/2039		7,016,100		8,321,752
3.63%, 02/15/2044		42,584,600		51,427,558
4.50%, 02/15/2036		12,977,200		17,101,010
4.75%, 02/15/2037		24,549,000		33,566,922
5.25%, 02/15/2029		18,146,100		23,234,805
U.S. Treasury Note
1.00%, 11/30/2019		26,620,800		26,513,693
1.13%, 06/30/2021 - 09/30/2021		43,542,000		42,881,518
1.50%, 08/15/2026		32,610,000		31,669,915
1.63%, 08/15/2022 - 05/15/2026		22,616,000		22,259,934
2.00%, 02/15/2025		2,996,900		3,014,577
2.25%, 11/15/2027		16,068,400		16,394,789
2.38%, 02/29/2024		1,579,000		1,615,638
2.50%, 12/31/2020 - 05/15/2024		31,903,600		32,471,796
2.63%, 12/15/2021 - 02/15/2029		23,988,400		25,174,655
2.88%, 05/15/2028 - 05/15/2049		35,162,800		37,659,719
3.13%, 11/15/2028		21,074,000		23,049,688
				547,709,098
U.S. Treasury Inflation-Protected Securities - 2.8%
U.S. Treasury Inflation-Indexed Bond
1.75%, 01/15/2028		9,663,863		10,821,751
2.50%, 01/15/2029		22,274,575		26,798,404
U.S. Treasury Inflation-Indexed Note
0.63%, 01/15/2024		37,329,015		37,890,439
				75,510,594
Total U.S. Government Obligations (Cost $591,457,039)				623,219,692
	Shares		Value
PREFERRED STOCKS - 0.1%
Banks - 0.1%
Citigroup Capital XIII,
3-Month LIBOR + 6.37%, 8.64% (B)		60,502		1,645,654

The notes are an integral part of this report. Transamerica Funds Page    9

Transamerica Intermediate Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Shares		Value
PREFERRED STOCKS (continued)
Electric Utilities - 0.0% (G)
SCE Trust III,
Series H, Fixed until 03/15/2024, 5.75% (B)		7,998		$   198,271
Total Preferred Stocks (Cost $1,827,194)				1,843,925
	Principal		Value
COMMERCIAL PAPER - 13.4%
Banks - 0.8%
Concord Minutemen Capital Co.
2.37% (H), 10/01/2019		$  7,000,000		6,972,482
2.48% (H), 08/01/2019		7,250,000		7,250,000
Societe Generale SA
2.42% (H), 08/01/2019		7,000,000		7,000,000
				21,222,482
Capital Markets - 0.7%
Intercontinental Exchange, Inc.
2.50% (H), 09/04/2019		17,750,000		17,708,929
Diversified Financial Services - 9.7%
Anglesea Funding PLC
2.35% (H), 09/18/2019		11,000,000		10,966,120
2.46% (H), 08/01/2019		15,000,000		15,000,000
Atlantic Asset Securitization LLC
2.35% (H), 08/20/2019		25,000,000		24,969,521
Barton Capital Corp.
2.32% (H), 10/10/2019		23,000,000		22,898,033
Cancara Asset Securitisation LLC
2.40% (H), 09/19/2019		25,000,000		24,920,035
Chariot Funding LLC
2.31% (H), 10/01/2019		27,000,000		26,896,148
Ciesco LLC
2.57% (H), 08/13/2019		28,000,000		27,976,480
Jupiter Securitization Co. LLC
2.47% (H), 09/05/2019		10,000,000		9,976,472
Le Fayette Asset Securitization LLC
2.35% (H), 09/12/2019		11,000,000		10,970,355
2.58% (H), 08/06/2019		9,000,000		8,996,838
Lexington Parker Capital Co. LLC
2.34% (H), 10/02/2019		5,000,000		4,980,194
Nieuw Amsterdam Receivables Corp.
2.56% (H), 08/12/2019		25,000,000		24,980,826
Sheffield Receivables Corp.
2.55% (H), 08/15/2019		25,000,000		24,975,694
Starbird Funding Corp.
2.32% (H), 09/20/2019		20,000,000		19,936,667
				258,443,383
Food Products - 0.9%
Cargill Global Funding PLC
2.35% (H), 08/01/2019		25,000,000		25,000,000
Pharmaceuticals - 0.4%
GlaxoSmithKline LLC
2.48% (H), 08/06/2019		10,000,000		9,996,611
Software - 0.9%
Manhattan Asset Funding Co. LLC
2.39% (H), 08/15/2019		25,000,000		24,977,153
Total Commercial Paper (Cost $357,348,558)				357,348,558

	Principal		Value
SHORT-TERM U.S. GOVERNMENT OBLIGATIONS - 2.3%
U.S. Treasury Bill
2.15% (H), 09/17/2019		$   2,000,000		$   1,994,471
2.20% (H), 10/03/2019		61,000,000		60,770,007
Total Short-Term U.S. Government Obligations (Cost $62,764,478)				62,764,478
	Shares		Value
OTHER INVESTMENT COMPANY - 0.8%
Securities Lending Collateral - 0.8%
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 2.32% (H)		20,425,325		20,425,325
Total Other Investment Company (Cost $20,425,325)				20,425,325
	Principal		Value
REPURCHASE AGREEMENT - 2.8%
Fixed Income Clearing Corp., 1.45% (H), dated 07/31/2019, to be repurchased at $74,768,795 on 08/01/2019. Collateralized by a U.S. Government Obligation, 2.50%, due 02/28/2021, and with a value of $76,262,296.		$  74,765,784		74,765,784
Total Repurchase Agreement (Cost $74,765,784)				74,765,784
Total Investments (Cost $3,073,553,860)				3,141,575,796
Net Other Assets (Liabilities) - (18.1)%				(481,876,987	)
Net Assets - 100.0%				$  2,659,698,809

The notes are an integral part of this report. Transamerica Funds Page    10

Transamerica Intermediate Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

SECURITY VALUATION:

Valuation Inputs ^(I)

	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Asset-Backed Securities	$	—	$	241,120,500	$	—	$	241,120,500
Corporate Debt Securities		—		925,250,157		—		925,250,157
Foreign Government Obligations		—		31,920,019		—		31,920,019
Mortgage-Backed Securities		—		272,967,043		—		272,967,043
Municipal Government Obligations		—		20,185,730		—		20,185,730
U.S. Government Agency Obligations		—		509,764,585		—		509,764,585
U.S. Government Obligations		—		623,219,692		—		623,219,692
Preferred Stocks		1,843,925		—		—		1,843,925
Commercial Paper		—		357,348,558		—		357,348,558
Short-Term U.S. Government Obligations		—		62,764,478		—		62,764,478
Other Investment Company		20,425,325		—		—		20,425,325
Repurchase Agreement		—		74,765,784		—		74,765,784
Total Investments	$	22,269,250	$	3,119,306,546	$	—	$	3,141,575,796

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	Securities are registered pursuant to Rule 144A of the Securities Act of 1933. Unless otherwise indicated, the securities are deemed to be liquid for purposes of compliance limitations on holdings of illiquid securities and may be resold as transactions exempt from registration, normally to qualified institutional buyers. At July 31, 2019, the total value of 144A securities is $703,209,191, representing 26.4% of the Fund’s net assets.
(B)	Floating or variable rate securities. The rates disclosed are as of July 31, 2019. For securities based on a published reference rate and spread, the reference rate and spread are indicated within the description. Variable rate securities with a floor or ceiling feature are disclosed at the inherent rate, where applicable. Certain variable rate securities are not based on a published reference rate and spread, but are determined by the issuer or agent and are based on current market conditions; these securities do not indicate a reference rate and spread in the description.
(C)	When-issued, delayed-delivery and/or forward commitment (including TBAs) securities. Securities to be settled and delivered after July 31, 2019. Securities may display a coupon rate of 0.00%, as the rate is to be determined at time of settlement.
(D)	Perpetual maturity. The date displayed is the next call date.
(E)	Restricted security. At July 31, 2019, the value of such security held by the Fund is as follows:

Investments	Description	Acquisition Date		Acquisition Cost		Value		Value as Percentage of Net Assets
Corporate Debt Securities	Owens Corning 4.20%, 12/15/2022		03/04/2014 - 11/05/2015	$	3,696,906	$	3,820,367		0.1	%

(F)	All or a portion of the securities are on loan. The total value of all securities on loan is $20,006,249. 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)	Percentage rounds to less than 0.1% or (0.1)%.
(H)	Rates disclosed reflect the yields at July 31, 2019.
(I)	There were no transfers in or out of Level 3 during the period ended July 31, 2019. Please reference the Security Valuation section of the Notes to Schedules of Investments for more information regarding security valuation and pricing inputs.

PORTFOLIO ABBREVIATIONS:

LIBOR	London Interbank Offered Rate
MTA	Month Treasury Average
MTN	Medium Term Note
STRIPS	Separate Trading of Registered Interest and Principal of Securities
TBA	To Be Announced

The notes are an integral part of this report. Transamerica Funds Page    11

Transamerica Intermediate Muni

SCHEDULE OF INVESTMENTS

At July 31, 2019

(unaudited)

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS - 96.8%
Alabama - 0.2%
Bessemer Governmental Utility Services Corp., Revenue Bonds,
BAM,
5.00%, 06/01/2029		$  2,010,000		$  2,459,034
Harvest-Monrovia Water Sewer & Fire Protection Authority, Inc., Revenue Bonds,
AGM,
4.00%, 04/01/2025		70,000		77,972
Marshall County Board of Education, Special Tax,
AGM,
4.00%, 03/01/2032		330,000		366,234
				2,903,240
Alaska - 0.1%
Alaska Housing Finance Corp., Revenue Bonds,
Series D,
5.00%, 12/01/2025		935,000		1,102,627
State of Alaska International Airports System, Revenue Bonds,
Series A,
5.00%, 10/01/2031		65,000		76,429
				1,179,056
Arizona - 1.9%
Arizona Health Facilities Authority, Revenue Bonds,
Series B2, AGM,
5.00%, 03/01/2041		35,000		36,611
Arizona Industrial Development Authority, Revenue Bonds
5.25%, 07/01/2022 (A)		1,400,000		1,404,242
BAM,
5.00%, 06/01/2054 - 06/01/2058		4,750,000		5,491,750
Series A,
5.00%, 03/01/2037 - 01/01/2054		1,030,000		1,205,928
BluePath Trust, Revenue Bonds,
2.75%, 09/01/2026 (A) (B)		4,808,349		4,963,754
County of Pima, Certificate of Participation,
5.00%, 12/01/2026		35,000		40,452
County of Santa Cruz, Revenue Bonds,
AGM,
4.00%, 07/01/2026		140,000		159,509
Glendale Industrial Development Authority, Revenue Bonds,
5.00%, 07/01/2038		250,000		266,982
Goodyear McDowell Road Commercial Corridor Improvement District, Special Assessment,
BAM,
3.00%, 01/01/2025		1,200,000		1,277,184
Industrial Development Authority of the City of Phoenix, Revenue Bonds
2.95%, 07/01/2026		2,200,000		2,231,042
3.88%, 07/01/2021 (A)		95,000		96,045
5.00%, 07/01/2036		1,440,000		1,586,765

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Arizona (continued)
Industrial Development Authority of the City of Phoenix, Revenue Bonds (continued)
Series A,
4.00%, 07/01/2022 (A)		$   2,300,000		$   2,297,516
5.00%, 07/01/2043		110,000		128,475
Series B,
4.00%, 07/01/2022 (A)		1,625,000		1,623,229
Industrial Development Authority of the County of Pima, Revenue Bonds,
Series R,
2.88%, 07/01/2021		45,000		45,464
La Paz County Industrial Development Authority, Revenue Bonds
4.90%, 06/15/2028 (A)		560,000		572,443
Series A,
5.00%, 02/15/2021 - 02/15/2026 (A)		1,870,000		2,080,021
Maricopa County Elementary School District No. 25, General Obligation Unlimited,
Series A, BAM,
4.00%, 07/01/2024		135,000		152,179
Maricopa County Industrial Development Authority, Revenue Bonds,
Series A,
5.00%, 01/01/2034		375,000		415,162
Maricopa County Pollution Control Corp., Revenue Bonds,
3.60%, 04/01/2040		2,090,000		2,108,956
Maricopa County Unified School District No. 89, General Obligation Limited,
5.00%, 07/01/2023		40,000		45,632
Tempe Industrial Development Authority, Revenue Bonds,
Series B,
5.35%, 10/01/2025 (A)		1,575,000		1,646,190
Yuma County Elementary School District No. 1, General Obligation Unlimited,
Series B, AGM,
5.00%, 07/01/2027		600,000		749,580
				30,625,111
Arkansas - 0.8%
Little Rock School District, General Obligation Limited
3.00%, 02/01/2026 - 02/01/2030		11,945,000		12,352,499
California - 14.4%
Acalanes Union High School District, General Obligation Unlimited,
Series C,
Zero Coupon, 08/01/2026		235,000		208,452
Alameda Corridor Transportation Authority, Revenue Bonds
Series B, AGM,
4.00%, 10/01/2035 - 10/01/2037		2,905,000		3,186,012
Alisal Union School District, General Obligation Unlimited,
Series A, BAM,
Zero Coupon, 08/01/2033		125,000		79,385
Avalon Community Improvement Agency Successor Agency, Tax Allocation
Series A, AGM,
5.00%, 09/01/2024 - 09/01/2026		1,310,000		1,597,484
Baldwin Park / Monrovia School Facilities Grant Financing Authority, Revenue Bonds
AGM,
3.00%, 10/01/2033		60,000		63,156
4.00%, 10/01/2027		185,000		216,792

The notes are an integral part of this report. Transamerica Funds Page    1

Transamerica Intermediate Muni

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
California (continued)
Beaumont Public Improvement Authority, Revenue Bonds
Series A, AGM,
5.00%, 09/01/2037 - 09/01/2049		$   9,645,000		$   11,431,779
Calexico Financing Authority, Revenue Bonds,
AGM,
4.00%, 04/01/2024		205,000		226,443
California Health Facilities Financing Authority, Revenue Bonds,
Series B,
5.00%, 11/15/2031		75,000		92,044
California Municipal Finance Authority, Revenue Bonds
4.38%, 07/01/2025 (A)		750,000		791,895
5.00%, 07/01/2034 - 01/01/2049		16,500,000		19,816,400
Series A,
4.00%, 10/01/2034 - 10/01/2044 (C)		4,715,000		5,134,323
4.50%, 06/01/2028 (A)		200,000		217,752
5.00%, 10/01/2044 (C)		1,000,000		1,162,630
California Public Finance Authority, Revenue Bonds,
4.25%, 06/15/2029 (A)		790,000		806,645
California School Finance Authority, Revenue Bonds,
Series A,
4.00%, 08/01/2025 (A)		350,000		389,165
California Statewide Communities Development Authority, Revenue Bonds
Fixed until 04/01/2020, 1.90% (D), 04/01/2028		75,000		75,147
5.00%, 08/01/2034 - 08/01/2038		2,775,000		3,382,997
AGM,
5.00%, 10/01/2026		450,000		535,329
Series A,
3.00%, 11/01/2022 (A)		1,665,000		1,689,642
3.50%, 11/01/2027 (A)		2,630,000		2,798,636
5.00%, 12/01/2025 - 12/01/2029 (A)		775,000		897,597
Series B,
5.00%, 07/01/2030		445,000		526,208
California Statewide Communities Development Authority, Special Tax
4.00%, 09/02/2028 - 09/02/2044		2,840,000		3,132,958
5.00%, 09/02/2034 - 09/02/2049		1,470,000		1,758,403
Carson Redevelopment Agency Successor Agency, Tax Allocation,
Series A, AMBAC,
4.75%, 01/01/2036		110,000		110,289
Cascade Union Elementary School District, General Obligation Unlimited
Series B, MAC,
4.00%, 08/01/2034 - 08/01/2039		445,000		494,107
Chowchilla Elementary School District, General Obligation Unlimited,
5.00%, 08/01/2048		850,000		989,961
City of Beaumont, Special Tax,
5.00%, 09/01/2044		345,000		393,386
City of Irvine, Special Tax,
AGM,
5.00%, 09/01/2051		5,800,000		6,774,226
City of Lathrop, Special Assessment
3.00%, 09/02/2020		140,000		141,627
4.00%, 09/02/2021 - 09/02/2022		265,000		278,133
City of Los Angeles Department of Airports, Revenue Bonds,
Series C,
5.00%, 05/15/2038		4,700,000		5,453,974

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
California (continued)
City of San Francisco Public Utilities Commission Water Revenue, Revenue Bonds,
Series B,
5.00%, 11/01/2037		$   75,000		$   87,723
Coachella Redevelopment Agency Successor Agency, Tax Allocation
AGM,
5.00%, 09/01/2026		70,000		82,370
Series A, AGM,
4.00%, 09/01/2032		110,000		122,662
5.00%, 09/01/2029 - 09/01/2030		670,000		820,608
Colton Joint Unified School District, General Obligation Unlimited
BAM,
4.00%, 02/01/2033		55,000		61,631
5.00%, 02/01/2029		480,000		584,659
County of El Dorado, Special Tax
BAM,
3.00%, 09/01/2025 - 09/01/2026		260,000		283,264
5.00%, 09/01/2021 - 09/01/2024		1,770,000		2,036,497
County of Santa Cruz, Certificate of Participation
4.00%, 08/01/2032 - 08/01/2033		500,000		560,414
Coyote Canyon Public Facilities Community Facilities District No. 2004-1, Special Tax
Series A, AGM,
4.00%, 09/01/2029 - 09/01/2030		810,000		899,244
Department of Veterans Affairs Veteran’s Farm & Home Purchase Program, Revenue Bonds
Series B,
3.00%, 12/01/2031		5,390,000		5,611,259
3.25%, 12/01/2036		5,300,000		5,513,961
Dry Creek Joint Elementary School District, Special Tax,
AGM,
5.00%, 09/01/2024		140,000		167,630
Durham Unified School District, General Obligation Unlimited
Series A, AGM,
4.00%, 08/01/2037 - 08/01/2039		710,000		781,831
Elk Grove Unified School District, Certificate of Participation
BAM,
5.00%, 02/01/2027 - 02/01/2028		2,270,000		2,769,493
Etiwanda School District, Special Tax
Series 2,
2.00%, 09/01/2020		50,000		50,267
3.00%, 09/01/2021 - 09/01/2022		185,000		190,245
3.50%, 09/01/2023		75,000		77,334
Fairfield-Suisun Unified School District Public Financing Authority, Special Tax
BAM,
2.25%, 08/15/2021 - 08/15/2023		6,195,000		6,234,098
Folsom Cordova Unified School District, General Obligation Unlimited,
Series D, AGM,
4.00%, 10/01/2044		44,910,000		48,844,116
Fresno Unified School District, General Obligation Unlimited,
Series A,
5.00%, 08/01/2038		1,000,000		1,196,890
Golden State Tobacco Securitization Corp., Revenue Bonds
Series A, AGM,
5.00%, 06/01/2040		1,000,000		1,145,380

The notes are an integral part of this report. Transamerica Funds Page    2

Transamerica Intermediate Muni

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
California (continued)
Golden State Tobacco Securitization Corp., Revenue Bonds (continued)
Series A-1,
5.00%, 06/01/2023 - 06/01/2047		$   15,895,000		$   16,423,931
5.25%, 06/01/2047		3,580,000		3,648,700
Series A-2,
5.00%, 06/01/2047		14,000,000		14,139,860
Hacienda La Puente Unified School District, Certificate of Participation,
AGM,
5.00%, 06/01/2024		190,000		224,327
Heber Elementary School District, General Obligation Unlimited
Series A, MAC,
4.00%, 08/01/2035 - 08/01/2039		475,000		520,442
Konocti Unified School District, General Obligation Unlimited
AGM,
5.00%, 08/01/2042 - 08/01/2048		1,790,000		2,070,159
Lemoore Water Revenue, Revenue Bonds,
BAM,
5.00%, 06/01/2049		7,500,000		8,875,950
Menifee Union School District Public Financing Authority, Special Tax
Series A,
4.00%, 09/01/2019		480,000		481,042
5.00%, 09/01/2023		425,000		484,883
Series A, BAM,
5.00%, 09/01/2029 - 09/01/2034		1,240,000		1,462,311
Oakdale Public Financing Authority, Special Tax,
2.63%, 09/01/2022		110,000		111,878
Peralta Community College District, General Obligation Unlimited
Series D,
3.50%, 08/01/2032 - 08/01/2034		6,120,000		6,523,718
Pittsburg Successor Agency Redevelopment Agency, Tax Allocation,
Series A, AGM,
5.00%, 09/01/2022		425,000		472,949
Pollock Pines Elementary School District, General Obligation Unlimited,
MAC,
4.00%, 08/01/2049		1,565,000		1,689,543
Rancho Cucamonga Public Finance Authority, Revenue Bonds,
Series A,
5.00%, 05/01/2034		695,000		888,370
Rio Elementary School District Community Facilities District, Special Tax
BAM,
5.00%, 09/01/2029 - 09/01/2032		1,590,000		1,922,144
Riverside Redevelopment Agency Successor Agency, Tax Allocation,
Series A,
5.00%, 09/01/2020		115,000		120,122
Robla School District, General Obligation Unlimited
AGM,
4.00%, 08/01/2037 - 08/01/2038		1,075,000		1,197,051
5.00%, 08/01/2044		1,720,000		2,048,210
Roseland School District, General Obligation Unlimited,
Series C, MAC,
5.00%, 08/01/2046		260,000		315,346

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
California (continued)
San Bernardino County Redevelopment Agency Successor Agency, Tax Allocation
Series B, AGM,
5.00%, 09/01/2025 - 09/01/2027		$   600,000		$   715,560
San Diego Public Facilities Financing Authority, Revenue Bonds,
Series A,
5.00%, 10/15/2044		365,000		427,415
San Diego Unified School District, General Obligation Unlimited,
Series K-2,
Zero Coupon, 07/01/2030		1,350,000		1,024,096
Sanger Unified School District, Certificate of Participation,
AGM,
3.13%, 06/01/2033		75,000		78,501
Santa Clarita Redevelopment Agency Successor Agency, Tax Allocation,
AGM,
5.00%, 10/01/2023		435,000		500,502
Snowline Joint Unified School District, Special Tax,
Series A,
3.00%, 09/01/2022		280,000		288,660
South Tahoe Redevelopment Agency, Special Tax,
Series 1,
3.38%, 10/01/2021		110,000		112,526
State of California, General Obligation Unlimited,
5.00%, 04/01/2038		7,000,000		8,092,420
Stockton Public Financing Authority, Special Tax,
Series A, BAM,
4.00%, 09/02/2030		1,310,000		1,477,523
Successor Agency to the Upland Community Redevelopment Agency, Tax Allocation,
AGM,
5.00%, 09/01/2022		50,000		55,948
Sutter Union High School District, General Obligation Unlimited,
BAM,
Zero Coupon, 08/01/2028		200,000		160,692
Tobacco Securitization Authority of Northern California, Revenue Bonds,
Series A-1,
4.75%, 06/01/2023		20,000		20,110
Upland Community Facilities District, Special Tax,
Series A,
4.00%, 09/01/2049		750,000		789,428
Vacaville Unified School District, Certificate of Participation,
AGM,
4.00%, 12/01/2024		105,000		120,584
Washington Township Health Care District, General Obligation Unlimited
Series DT,
4.00%, 08/01/2034 - 08/01/2036		1,775,000		1,982,194

The notes are an integral part of this report. Transamerica Funds Page    3

Transamerica Intermediate Muni

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
California (continued)
Whittier Union High School District, General Obligation Unlimited,
Zero Coupon, 08/01/2026		$   950,000		$   849,566
Wilsona School District, General Obligation Unlimited,
Series A, AGM,
4.00%, 08/01/2044		500,000		538,380
				233,829,594
Colorado - 2.0%
BNC Metropolitan District No. 1, General Obligation Limited,
Series A, BAM,
5.00%, 12/01/2032		360,000		431,968
Bradburn Metropolitan District No. 2, General Obligation Limited,
Series A,
4.00%, 12/01/2028		500,000		503,690
Brighton Crossing Metropolitan District No. 4, General Obligation Limited,
Series A,
5.00%, 12/01/2037		525,000		549,890
Bromley Park Metropolitan District No. 2, General Obligation Limited
Series A, BAM,
5.00%, 12/01/2031 - 12/01/2032		460,000		563,135
Castle Oaks Metropolitan District No. 3, General Obligation Limited,
5.00%, 12/01/2037		1,500,000		1,529,715
Centerra Metropolitan District No. 1, Tax Allocation,
2.70%, 12/01/2019 (A) (B)		268,000		268,351
City of Arvada, Certificate of Participation
4.00%, 12/01/2032 - 12/01/2033		1,080,000		1,198,960
Colorado Educational & Cultural Facilities Authority, Revenue Bonds
4.00%, 07/01/2020 - 08/01/2026		420,000		467,299
5.00%, 06/15/2029 - 08/01/2031		1,590,000		1,873,112
Series A,
5.00%, 06/01/2036		540,000		622,582
Colorado Health Facilities Authority, Revenue Bonds
4.00%, 05/15/2029		1,960,000		2,211,115
Series A,
4.25%, 11/01/2024		1,890,000		1,990,567
5.00%, 12/01/2033 - 01/01/2040		275,000		289,766
Series B,
3.13%, 05/15/2027		1,250,000		1,254,462
5.00%, 05/15/2021 - 05/15/2026		2,815,000		3,060,266
Colorado Housing & Finance Authority, Revenue Bonds
GNMA,
3.38%, 11/01/2033		1,475,000		1,570,978
3.60%, 11/01/2038		2,560,000		2,705,408
Series C, GNMA,
2.75%, 05/01/2028		450,000		480,348
2.80%, 11/01/2028		345,000		368,615
Heather Gardens Metropolitan District, General Obligation Unlimited
AGM,
4.00%, 12/01/2024 - 12/01/2032		2,320,000		2,722,244
Meridian Metropolitan District, General Obligation Unlimited,
AGM,
5.00%, 12/01/2042		15,000		17,817

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Colorado (continued)
North Park Metropolitan District No. 1, Revenue Bonds,
Series A-2,
5.50%, 12/01/2034		$   1,000,000		$   1,062,880
Park Creek Metropolitan District, Revenue Bonds
Series A,
5.00%, 12/01/2032 - 12/01/2037		1,205,000		1,385,976
Series A, NATL-IBC,
5.00%, 12/01/2045		1,220,000		1,375,696
Sand Creek Metropolitan District, General Obligation Limited
MAC,
4.00%, 12/01/2032 - 12/01/2034		1,475,000		1,680,307
Silver Peaks Metropolitan District No. 2, General Obligation Limited
BAM,
5.00%, 12/01/2037 - 12/01/2042		1,520,000		1,806,881
				31,992,028
Connecticut - 1.8%
City of Bridgeport, General Obligation Unlimited,
Series C, AGM,
5.00%, 08/15/2024		1,275,000		1,481,104
City of Hartford, General Obligation Unlimited
Series A,
5.00%, 04/01/2030		20,000		21,634
Series A, AGM,
5.00%, 07/01/2025 - 07/01/2032		460,000		546,101
Series A, BAM,
4.00%, 12/01/2027		515,000		590,082
5.00%, 12/01/2022 - 12/01/2026		11,585,000		13,814,099
Series A, BAM-TCRS,
5.00%, 04/01/2025		765,000		835,319
Series B, AGM,
5.00%, 10/01/2032		100,000		114,189
Series C, AGM,
5.00%, 07/15/2023		900,000		1,027,917
Series C, BAM,
5.00%, 08/15/2021		320,000		344,250
City of New Haven, General Obligation Unlimited
Series A,
5.50%, 08/01/2034 - 08/01/2038		2,070,000		2,460,280
Series A, BAM-TCRS,
5.00%, 08/01/2037		635,000		735,711
Series B, BAM,
5.00%, 08/15/2025		40,000		47,053
Connecticut Housing Finance Authority, Revenue Bonds
Series 24,
3.80%, 06/15/2031		370,000		399,833
3.90%, 06/15/2033		405,000		435,893
Series A-1,
3.10%, 05/15/2028		2,015,000		2,162,176
Series A-4,
1.40%, 11/15/2019		200,000		200,050
Series B-1,
2.40%, 11/15/2026		90,000		93,443
Series B3,
2.40%, 05/15/2026		55,000		57,231

The notes are an integral part of this report. Transamerica Funds Page    4

Transamerica Intermediate Muni

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Connecticut (continued)
Connecticut State Health & Educational Facilities Authority, Revenue Bonds
Series J,
5.00%, 07/01/2034 - 07/01/2037		$   895,000		$   964,979
State of Connecticut, General Obligation Unlimited,
Series B,
4.00%, 03/01/2029		25,000		26,785
State of Connecticut Special Tax Revenue, Revenue Bonds,
Series A,
5.00%, 08/01/2022		15,000		16,672
Town of Hamden, General Obligation Unlimited,
BAM,
6.00%, 08/15/2033		1,190,000		1,527,770
Town of Wilton, General Obligation Unlimited
3.13%, 03/01/2034		550,000		561,594
3.25%, 03/01/2035 - 03/01/2038		675,000		688,795
University of Connecticut, Revenue Bonds,
Series A,
5.00%, 11/15/2023		25,000		25,262
				29,178,222
Delaware - 0.2%
Delaware Municipal Electric Corp., Revenue Bonds
Series A, BAM,
5.00%, 10/01/2035 - 10/01/2044		3,135,000		3,770,369
Delaware State Economic Development Authority, Revenue Bonds,
5.38%, 10/01/2045		55,000		56,820
				3,827,189
District of Columbia - 0.4%
District of Columbia, Revenue Bonds
Series A,
4.13%, 07/01/2027		1,000,000		1,045,010
5.00%, 07/01/2032		1,500,000		1,631,520
Series B,
3.88%, 07/01/2024		1,500,000		1,501,500
Series C,
4.00%, 12/01/2021		25,000		26,638
District of Columbia Housing Finance Agency, Revenue Bonds,
Series A,
3.70%, 09/01/2033		2,010,000		2,171,644
District of Columbia Water & Sewer Authority, Revenue Bonds,
Series A,
5.00%, 10/01/2023		25,000		28,001
Metropolitan Washington Airports Authority, Revenue Bonds,
Series A,
5.00%, 10/01/2020		25,000		26,142
Metropolitan Washington Airports Authority Dulles Toll Road Revenue, Revenue Bonds,
5.00%, 10/01/2053		450,000		480,600
				6,911,055

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Florida - 4.3%
Bridgewater Community Development District, Special Assessment,
4.50%, 05/01/2031		$   25,000		$   27,692
Cape Coral Health Facilities Authority, Revenue Bonds
4.00%, 07/01/2020 (A)		360,000		362,664
4.25%, 07/01/2021 (A)		435,000		443,000
Capital Trust Agency, Inc., Revenue Bonds
3.50%, 07/01/2020 - 07/01/2022 (A)		1,885,000		1,907,711
City of Cape Coral Water & Sewer Revenue, Special Assessment
AGM,
2.13%, 09/01/2022		100,000		101,105
2.75%, 09/01/2025 - 09/01/2026		475,000		499,625
City of Fernandina Beach Utility System Revenue, Revenue Bonds,
Series A,
5.00%, 09/01/2019		45,000		45,138
City of Fort Myers, Revenue Bonds
4.00%, 12/01/2032 - 12/01/2034		835,000		914,056
City of Jacksonville, Revenue Bonds
Series A,
5.00%, 10/01/2030		1,000,000		1,197,250
Series C,
5.00%, 10/01/2031		175,000		194,107
City of Miami Gardens, General Obligation Unlimited,
BAM-TCRS,
5.00%, 07/01/2031		1,920,000		2,209,459
City of North Port, Special Assessment,
BAM,
5.00%, 07/01/2020		90,000		93,132
City of Orlando, Revenue Bonds
Series A, AGM,
5.00%, 11/01/2027 - 11/01/2029		4,155,000		5,168,008
Series B, AGM,
5.00%, 11/01/2025 - 11/01/2038		8,660,000		10,423,370
City of Pompano Beach, Revenue Bonds,
4.00%, 09/01/2020		315,000		323,335
City of Tallahassee, Revenue Bonds,
5.00%, 10/01/2023		55,000		61,513
City of Tampa, Revenue Bonds,
Series A,
5.00%, 11/15/2025		25,000		27,559
Columbia County School Board, Certificate of Participation,
Series A, BAM,
5.00%, 07/01/2026		440,000		524,493
County of Lake, Revenue Bonds
5.00%, 01/15/2029 - 01/15/2049 (A)		1,750,000		1,885,850
County of Polk Utility System Revenue, Revenue Bonds,
BAM,
5.00%, 10/01/2043		10,000,000		11,240,900
Escambia County School Board, Revenue Bonds,
4.00%, 09/01/2019		120,000		120,275
Florida Department of Environmental Protection, Revenue Bonds,
Series A,
5.00%, 07/01/2022		55,000		61,064
Florida Higher Educational Facilities Financial Authority, Revenue Bonds,
5.00%, 04/01/2035		1,050,000		1,201,042

The notes are an integral part of this report. Transamerica Funds Page    5

Transamerica Intermediate Muni

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Florida (continued)
Florida Housing Finance Corp., Revenue Bonds
Series 1, GNMA, FNMA, FHLMC,
2.10%, 07/01/2028 (C)		$   525,000		$   525,693
2.20%, 01/01/2023		130,000		134,157
2.25%, 07/01/2023		115,000		118,449
2.30%, 01/01/2024		300,000		311,748
2.35%, 07/01/2024		480,000		500,952
2.45%, 01/01/2025		400,000		418,424
2.50%, 07/01/2025		470,000		493,632
2.65%, 01/01/2026		480,000		506,237
2.70%, 07/01/2026		235,000		247,805
2.75%, 01/01/2027		470,000		496,720
2.80%, 07/01/2027		470,000		496,137
2.85%, 01/01/2028		165,000		174,184
2.90%, 07/01/2028		370,000		389,873
3.75%, 07/01/2035		2,365,000		2,478,993
Florida Keys Aqueduct Authority, Revenue Bonds
Series A,
5.00%, 09/01/2041 - 09/01/2049		2,250,000		2,592,245
Lee County Industrial Development Authority, Revenue Bonds
5.00%, 11/15/2039 - 11/15/2044		3,500,000		4,050,830
Manatee County School District, Revenue Bonds,
AGM,
5.00%, 10/01/2021		50,000		54,124
Martin County Health Facilities Authority, Revenue Bonds,
AGM-CR,
5.50%, 11/15/2042		15,000		16,457
North Sumter County Utility Dependent District, Revenue Bonds,
5.00%, 10/01/2042		100,000		106,846
Northern Palm Beach County Improvement District, Special Assessment,
AGM,
5.00%, 08/01/2024		595,000		694,294
Orange County Health Facilities Authority, Revenue Bonds
Series A,
5.00%, 10/01/2033 - 10/01/2034		8,200,000		9,731,728
Series B,
5.00%, 10/01/2044		160,000		184,166
Orange County Housing Finance Authority, Revenue Bonds
Series A, GNMA, FNMA, FHLMC,
1.65%, 09/01/2019		70,000		70,031
3.15%, 09/01/2032		455,000		472,781
Peace River Manasota Regional Water Supply Authority, Revenue Bonds,
5.00%, 10/01/2019		100,000		100,637
St. Johns County Industrial Development Authority, Revenue Bonds,
Series A,
Fixed until 08/01/2024, 4.13% (D), 08/01/2047		1,000,000		1,013,760
Tradition Community Development District No. 1, Special Assessment,
AGM,
4.00%, 05/01/2023		275,000		300,526
Village Community Development District No. 12, Special Assessment
3.25%, 05/01/2023 (A)		300,000		305,820
3.25%, 05/01/2026		2,480,000		2,543,389

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Florida (continued)
Volusia County School Board, Certificate of Participation
Series A, BAM,
5.00%, 08/01/2027 - 08/01/2028		$   670,000		$   801,966
Walton County District School Board, Certificate of Participation,
AGM,
5.00%, 07/01/2026		370,000		435,002
				69,799,954
Georgia - 1.3%
Bibb County Development Authority, Revenue Bonds,
5.25%, 06/01/2050		5,720,000		6,962,270
City of East Point, Tax Allocation,
3.00%, 08/01/2022		1,000,000		1,019,490
Cornelia Urban Redevelopment Agency, Revenue Bonds,
AGM,
5.00%, 10/01/2054		1,540,000		1,794,747
Georgia Housing & Finance Authority, Revenue Bonds
Series A-1,
3.20%, 12/01/2036		690,000		708,285
3.25%, 12/01/2037		1,320,000		1,351,284
Series B,
3.40%, 12/01/2037		2,285,000		2,389,470
Series C,
2.85%, 06/01/2028 - 12/01/2028		570,000		601,649
Main Street Natural Gas, Inc., Revenue Bonds,
Series A,
5.00%, 05/15/2049		5,000,000		6,752,800
Valdosta Housing Authority, Revenue Bonds,
XLCA,
4.50%, 08/01/2029		200,000		200,548
				21,780,543
Guam - 0.1%
Guam Government Waterworks Authority, Revenue Bonds
5.00%, 07/01/2023 - 07/01/2031		335,000		386,359
Guam Power Authority, Revenue Bonds
Series A,
5.00%, 10/01/2034		100,000		106,748
Series A, AGM,
5.00%, 10/01/2026		200,000		221,250
				714,357
Idaho - 0.4%
County of Nez Perce, Revenue Bonds,
2.75%, 10/01/2024		4,500,000		4,653,540
Idaho Health Facilities Authority, Revenue Bonds,
Series D,
5.00%, 12/01/2032		50,000		54,669
Idaho Housing & Finance Association, Revenue Bonds
Series A,
4.00%, 07/01/2026		280,000		297,002
4.63%, 07/01/2029 (A)		185,000		198,733
Series A-1, Class I,
2.75%, 07/01/2031		430,000		439,206
				5,643,150

The notes are an integral part of this report. Transamerica Funds Page    6

Transamerica Intermediate Muni

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Illinois - 13.8%
Adams County School District No. 172, General Obligation Unlimited
AGM,
3.00%, 02/01/2033		$   300,000		$   305,490
4.00%, 02/01/2032 - 02/01/2035		3,250,000		3,507,207
5.00%, 02/01/2029		1,345,000		1,576,367
Boone & Winnebago Counties Community Unit School District No. 200, General Obligation Unlimited
AGM,
Zero Coupon, 01/01/2023		2,955,000		2,797,959
Carol Stream Park District, General Obligation Unlimited,
BAM,
5.00%, 01/01/2037		1,375,000		1,584,110
Champaign & Piatt Counties Community Unit School District No. 3, General Obligation Unlimited
Series A, AGM,
5.00%, 10/01/2022 - 10/01/2024		5,000,000		5,667,611
Chicago Board of Education, General Obligation Unlimited
Series A,
4.00%, 12/01/2020		3,245,000		3,315,676
Series A, AGM-CR, AMBAC,
5.50%, 12/01/2021		410,000		442,378
Series A, AGM-CR, NATL,
5.25%, 12/01/2021		150,000		160,997
Series A, NATL,
Zero Coupon, 12/01/2022		25,000		23,069
Chicago O’Hare International Airport, Revenue Bonds
BAM-TCRS,
5.00%, 01/01/2039		25,000		27,733
Series B,
5.00%, 01/01/2021		150,000		157,901
City of Calumet City, General Obligation Unlimited
BAM,
4.00%, 03/01/2020 - 03/01/2024		2,335,000		2,522,645
Series A, BAM,
4.00%, 03/01/2022		945,000		999,961
City of Chicago, General Obligation Unlimited
Series A,
5.50%, 01/01/2049		1,750,000		2,007,845
Series A, AGM,
4.75%, 01/01/2030 - 01/01/2038		145,000		145,333
5.00%, 01/01/2026 - 01/01/2027		165,000		167,895
Series C,
5.00%, 01/01/2026 - 01/01/2034		3,030,000		3,399,350
Series D,
5.00%, 01/01/2020		90,000		90,270
City of Chicago Wastewater Transmission Revenue, Revenue Bonds
AGM-CR,
3.00%, 01/01/2021		750,000		767,692
5.00%, 01/01/2022 - 01/01/2024		700,000		759,898
BAM-TCRS,
3.00%, 01/01/2021		475,000		486,609
Series A, AGM,
5.25%, 01/01/2042		675,000		791,005

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Illinois (continued)
City of Chicago Waterworks Revenue, Revenue Bonds
3.00%, 11/01/2019		$   125,000		$   125,524
4.00%, 11/01/2023		500,000		537,365
5.00%, 11/01/2021 - 11/01/2028		3,485,000		3,783,458
AGM-CR,
5.00%, 11/01/2027		140,000		154,119
Series A-1,
5.00%, 11/01/2024		5,000,000		5,828,250
City of Country Club Hills, General Obligation Unlimited
BAM,
4.00%, 12/01/2028 - 12/01/2031		1,240,000		1,356,585
4.50%, 12/01/2030 - 12/01/2031		1,345,000		1,458,038
City of East Peoria, General Obligation Unlimited,
Series A, AGM,
4.20%, 01/01/2028		200,000		206,336
City of Flora, General Obligation Unlimited
BAM,
3.50%, 11/01/2022 - 11/01/2024		585,000		618,637
City of Kankakee, General Obligation Unlimited,
Series A, AGM,
4.00%, 01/01/2027		675,000		741,265
City of Monmouth, General Obligation Unlimited,
Series B, BAM,
3.00%, 12/01/2023		130,000		138,484
City of North Chicago, General Obligation Unlimited
Series A, AGM,
4.00%, 11/01/2020		160,000		165,002
Series B, AGM,
4.00%, 11/01/2023		40,000		43,792
City of Princeton, General Obligation Unlimited,
Series E,
2.50%, 12/01/2019		40,000		40,155
City of Sterling, General Obligation Unlimited,
AGM,
3.00%, 12/01/2024		140,000		147,672
City of Waukegan, General Obligation Unlimited
Series A, AGM,
5.00%, 12/30/2030 - 12/30/2036		4,340,000		5,121,937
Clinton Bond Fayette Etc. Counties Community College District No. 501, General Obligation Unlimited
BAM-TCRS,
4.00%, 12/01/2026 - 12/01/2027		3,955,000		4,138,264
Cook & Will Counties Community College District No. 515, General Obligation Limited,
5.00%, 12/01/2024		70,000		80,362
Cook & Will Counties School District No. 194, General Obligation Limited,
Series B, BAM,
5.00%, 12/01/2033		775,000		882,252
Cook & Will Counties School District No. 194, General Obligation Unlimited,
BAM,
4.13%, 12/01/2035		930,000		982,870
Cook County Community College District No. 508, General Obligation Unlimited
5.00%, 12/01/2019 - 12/01/2024		1,595,000		1,712,620

The notes are an integral part of this report. Transamerica Funds Page    7

Transamerica Intermediate Muni

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Illinois (continued)
Cook County Community College District No. 508, General Obligation Unlimited (continued)
BAM-TCRS,
5.25%, 12/01/2027		$   1,825,000		$   2,078,547
Cook County Community High School District No. 229, General Obligation Limited,
4.00%, 12/01/2023		1,505,000		1,668,187
Cook County School District No. 100, General Obligation Unlimited,
BAM,
4.00%, 12/01/2021		430,000		452,265
Cook County School District No. 149, General Obligation Limited,
Series A-1, AGM,
4.00%, 12/01/2028		980,000		1,058,743
Cook County School District No. 157, General Obligation Unlimited
Series A, AGM,
Zero Coupon, 11/01/2021 - 11/01/2025		1,420,000		1,294,691
Cook County School District No. 158, General Obligation Limited,
AGM,
3.00%, 12/01/2021		325,000		334,435
Cook County School District No. 162, General Obligation Limited,
AGM,
4.00%, 12/01/2027		250,000		257,385
Cook County School District No. 163, General Obligation Limited,
Series A, AGM,
5.00%, 12/15/2028		70,000		76,315
Cook County School District No. 31, General Obligation Limited
Series A,
3.00%, 12/01/2021		100,000		103,177
Cook County Township High School District No. 201, General Obligation Limited
Series B, AMBAC,
Zero Coupon, 12/01/2019		100,000		99,428
Series C, AGM,
Zero Coupon, 12/01/2024		100,000		89,682
Cook County Township High School District No. 220, General Obligation Limited
AGM-CR,
5.00%, 12/01/2025		700,000		797,020
BAM-TCRS,
5.00%, 12/01/2026		1,545,000		1,755,753
County of Cook, General Obligation Unlimited
Series C, AGM-CR,
5.00%, 11/15/2024		1,500,000		1,667,160
Series D,
5.00%, 11/15/2019		25,000		25,261
County of Cook Sales Tax Revenue, Revenue Bonds,
4.00%, 11/15/2019		300,000		302,412
DeKalb & Kane Counties Community Unit School District No. 427, General Obligation Unlimited,
Series A, BAM-TCRS,
4.00%, 02/01/2030		2,185,000		2,278,605
DuPage & Will Counties Community School District No. 204, General Obligation Unlimited,
Series A,
2.50%, 12/30/2019		30,000		30,158

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Illinois (continued)
Grundy County School District No. 54, General Obligation Unlimited,
AGM-CR,
6.00%, 12/01/2024		$   2,050,000		$   2,261,785
Henry & Whiteside Counties Community Unit School District No. 228, General Obligation Unlimited,
Series A, AGM,
5.00%, 08/15/2028		150,000		175,641
Illinois Development Finance Authority, Revenue Bonds,
AGM,
Zero Coupon, 01/01/2021		30,000		29,447
Illinois Finance Authority, Revenue Bonds
4.00%, 08/01/2032		675,000		705,577
5.00%, 08/01/2025 - 08/01/2031		3,975,000		4,675,101
AGM,
4.00%, 12/01/2023		140,000		153,264
5.00%, 12/01/2036		1,900,000		2,189,579
Series A,
5.00%, 07/01/2020 - 11/15/2037		2,570,000		2,707,194
Series A-1,
3.50%, 12/01/2027		945,000		792,373
Fixed until 01/15/2020, 5.00% (D), 11/01/2030		110,000		111,846
Series A-2,
Fixed until 02/12/2020, 5.00% (D), 11/01/2030		150,000		152,933
Series B,
5.00%, 11/01/2019		40,000		40,379
5.50%, 11/01/2020		80,000		80,857
Series C,
5.00%, 05/15/2020 - 08/15/2021		170,000		176,528
Illinois Housing Development Authority, Revenue Bonds
FNMA,
2.63%, 09/01/2032		1,499,882		1,498,233
Series A-1,
3.00%, 02/01/2022		340,000		352,747
Illinois State Toll Highway Authority, Revenue Bonds
Series A1,
5.25%, 01/01/2030		250,000		253,893
Series B,
5.00%, 01/01/2037		140,000		162,554
Series D,
5.00%, 01/01/2024		45,000		51,947
Iroquois & Kankakee Counties Community Unit School District No. 4, General Obligation Unlimited,
Series A, AMBAC, BAM-TCRS,
Zero Coupon, 11/01/2022		1,300,000		1,224,639
Jackson County Community Unit School District No. 186, General Obligation Unlimited
AGM,
4.00%, 12/01/2035 - 12/01/2038		955,000		1,034,447
Jersey & Greene County Community Unit School District No. 100, General Obligation Unlimited
Series A, BAM,
5.00%, 12/01/2026 - 12/01/2027		4,040,000		4,740,418
Joliet Regional Port District, General Obligation Unlimited,
Series A, AGM,
4.00%, 12/30/2024		250,000		277,363

The notes are an integral part of this report. Transamerica Funds Page    8

Transamerica Intermediate Muni

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Illinois (continued)
Kane Cook & DuPage Counties School District No. U-46, General Obligation Limited,
Series A,
5.00%, 01/01/2033		$   260,000		$   289,791
Kane Cook & DuPage Counties School District No. U-46, General Obligation Unlimited
Series D,
5.00%, 01/01/2025 - 01/01/2026		130,000		148,158
Kane County School District No. 129, General Obligation Unlimited
Series C, BAM-TCRS,
4.00%, 02/01/2022		1,200,000		1,275,216
5.00%, 02/01/2024 - 02/01/2025		5,000,000		5,863,175
Kane Kendall Etc. Counties Community College District No. 516, General Obligation Unlimited,
Series A,
5.00%, 12/15/2022		100,000		108,988
Knox & Warren Counties Community Unit School District No. 205, General Obligation Unlimited,
Series B,
3.50%, 01/01/2027		210,000		222,596
La Salle & Livingston Counties Township High School District No. 40, General Obligation Unlimited,
AGM,
4.00%, 12/01/2036 (C)		315,000		351,241
Lake & McHenry Counties Community Unit School District No. 118, General Obligation Unlimited
5.00%, 01/01/2021 - 01/01/2022		105,000		111,971
Lake County Community Unit School District No. 116, General Obligation Limited,
Series B,
3.00%, 01/15/2023		105,000		110,495
Lake County School District No. 38, General Obligation Unlimited,
BAM-TCRS,
3.00%, 02/01/2022		2,500,000		2,575,675
Lake County Special Education District No. 825, Revenue Bonds,
Series B,
4.00%, 10/01/2019		150,000		150,678
Lee & Ogle Counties Community Unit School District No. 275, General Obligation Unlimited
Series B, AGM,
4.50%, 12/01/2025 - 12/01/2027		1,085,000		1,187,348
Macon & De Witt Counties Community Unit School District No. 2, General Obligation Unlimited
Series C, BAM,
3.25%, 12/01/2023		1,195,000		1,276,654
3.50%, 12/01/2024		1,270,000		1,387,132
4.00%, 12/01/2025		1,360,000		1,548,836
Macoupin Sangamon & Montgomery Counties Community Unit School District, General Obligation Unlimited
BAM,
4.50%, 12/01/2036 - 12/01/2041		1,625,000		1,730,352

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Illinois (continued)
Madison & Jersey Counties Unit School District No. 11, General Obligation Unlimited,
Series B, BAM,
3.50%, 03/01/2029		$   1,700,000		$   1,792,905
Madison Bond Etc. Counties Community Unit School District No. 5, General Obligation Unlimited,
Series A, AGM,
4.00%, 02/01/2025		410,000		458,483
Madison-Macoupin Etc. Counties Community College District No. 536, General Obligation Unlimited
5.00%, 11/01/2021		105,000		111,571
Series A, AGM,
5.00%, 11/01/2031 - 11/01/2033		3,450,000		4,031,921
Series A, BAM-TCRS,
5.00%, 11/01/2022 - 11/01/2026		4,990,000		5,679,015
McHenry & Kane Counties Community Consolidated School District No. 158, General Obligation Unlimited,
AGM-CR, FGIC,
Zero Coupon, 01/01/2024		510,000		465,844
McHenry County Community Unit School District No. 12, General Obligation Unlimited,
Series A, AGM,
5.00%, 01/01/2023		70,000		77,309
McHenry County Conservation District, General Obligation Unlimited,
5.00%, 02/01/2026		110,000		130,208
McLean County Public Building Commission, Revenue Bonds,
4.00%, 12/01/2034		1,245,000		1,340,516
Metropolitan Pier & Exposition Authority, Revenue Bonds
5.50%, 06/15/2050		745,000		759,095
NATL,
5.70% (E), 06/15/2023		165,000		187,897
Series A, NATL,
Zero Coupon, 06/15/2026		100,000		84,464
Series B,
5.00%, 12/15/2028		145,000		155,318
Series B, AGM,
5.00%, 06/15/2050		3,275,000		3,369,320
Series B2, BAM-TCRS,
5.25%, 06/15/2050		440,000		453,578
Metropolitan Water Reclamation District of Greater Chicago, General Obligation Limited,
Series B,
5.00%, 12/01/2019		60,000		60,739
Montgomery Christian & Fayette Counties Community Unit School District No. 22, General Obligation Unlimited,
Series A, AGM,
4.00%, 12/01/2032		270,000		296,158
Northeastern Illinois University, Certificate of Participation
AGM,
3.00%, 07/01/2020 - 07/01/2023		2,065,000		2,124,601
4.00%, 07/01/2025		565,000		626,336
Northeastern Illinois University, Revenue Bonds
Series 1, BAM,
3.00%, 07/01/2020		125,000		126,981
4.00%, 07/01/2021 - 07/01/2022		1,015,000		1,081,135

The notes are an integral part of this report. Transamerica Funds Page    9

Transamerica Intermediate Muni

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Illinois (continued)
Northern Illinois University, Certificate of Participation,
AGM,
5.00%, 09/01/2024		$   105,000		$   120,827
Northlake Public Library District, General Obligation Unlimited,
AGM,
3.00%, 12/01/2021		610,000		634,254
Peoria Public Building Commission, Revenue Bonds,
BAM,
5.00%, 12/01/2022		1,075,000		1,187,208
Pulaski Massac Alexander & Johnson Counties Community Unit School District No. 10, General Obligation Unlimited
Series C, MAC,
4.00%, 12/01/2026 - 12/01/2029		625,000		685,284
Railsplitter Tobacco Settlement Authority, Revenue Bonds
5.25%, 06/01/2020 - 06/01/2021		185,000		192,632
5.38%, 06/01/2021		85,000		90,977
6.00%, 06/01/2028		75,000		81,540
Regional Transportation Authority, Revenue Bonds,
Series A, NATL,
5.50%, 07/01/2025		65,000		79,310
Rock Island County Public Building Commission, Revenue Bonds
AGM,
3.00%, 12/01/2021		175,000		179,797
4.00%, 12/01/2023		285,000		311,380
5.00%, 12/01/2024 - 12/01/2041		1,975,000		2,324,319
Sangamon County Community Unit School District No. 5, General Obligation Unlimited,
Series B,
5.00%, 01/01/2023		150,000		167,300
Southern Illinois University, Certificate of Participation,
Series A-1, BAM,
4.00%, 02/15/2026		405,000		438,749
Southern Illinois University, Revenue Bonds
Series A, AGM,
5.50%, 04/01/2023		370,000		422,640
Series B, BAM-TCRS,
5.00%, 04/01/2021		435,000		460,139
Southwestern Illinois Development Authority, Revenue Bonds,
Series B, BAM-TCRS,
5.00%, 10/15/2026		1,000,000		1,173,630
St. Clair County Community Consolidated School District No. 90, General Obligation Unlimited
AMBAC, BAM-TCRS,
Zero Coupon, 12/01/2020 - 12/01/2023		1,645,000		1,533,451
St. Clair County High School District No. 201, General Obligation Unlimited,
Series B, BAM,
5.00%, 02/01/2025		4,040,000		4,791,561
State of Illinois, General Obligation Unlimited
5.00%, 02/01/2022 - 04/01/2024		190,000		204,404
5.50%, 07/01/2025		185,000		204,438

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Illinois (continued)
Tazewell County School District No. 51, General Obligation Unlimited
NATL,
9.00%, 12/01/2021 - 12/01/2022		$   1,355,000		$   1,627,696
Town of Cicero, General Obligation Unlimited,
Series B, AGM,
4.20%, 12/01/2027		340,000		347,854
University of Illinois, Revenue Bonds
Series A, AMBAC,
5.50%, 04/01/2022		75,000		82,994
Series A, BAM-TCRS,
4.00%, 04/01/2031		1,445,000		1,575,483
Village of Bedford Park Water System Revenue, Revenue Bonds,
Series A, AGM,
4.00%, 12/01/2026		95,000		104,978
Village of Bellwood, General Obligation Unlimited
AGM,
5.00%, 12/01/2019 - 12/01/2027		385,000		424,145
Series B, AGM,
3.00%, 12/01/2029		1,000,000		1,027,100
Village of Broadview, General Obligation Unlimited
Series A, BAM,
3.00%, 12/01/2020 - 12/01/2022		510,000		525,937
Village of Calumet Park, General Obligation Unlimited
BAM,
4.00%, 12/01/2021 - 12/01/2032		2,490,000		2,726,220
Village of Crestwood, General Obligation Unlimited
BAM,
4.50%, 12/15/2027 - 12/15/2029		2,395,000		2,604,799
Series B, BAM,
5.00%, 12/15/2028 - 12/15/2035		7,520,000		8,386,269
Village of Dolton, General Obligation Unlimited,
Series A, AGC,
4.50%, 12/01/2024		300,000		301,959
Village of Franklin Park, Revenue Bonds,
BAM,
5.00%, 04/01/2026		230,000		263,242
Village of Glenview, General Obligation Unlimited,
Series A,
3.00%, 12/01/2019		25,000		25,150
Village of Hazel Crest, General Obligation Unlimited
BAM,
4.00%, 12/01/2024 - 12/01/2025		640,000		717,819
Village of Lakewood, General Obligation Unlimited,
Series B,
5.00%, 12/01/2031		445,000		450,447
Village of Lombard, General Obligation Unlimited
4.00%, 01/01/2021		910,000		933,005
5.00%, 01/01/2022 - 01/01/2024		1,740,000		1,893,730
Village of Lyons, General Obligation Unlimited
Series B, BAM,
5.00%, 12/01/2032		125,000		136,224
Series C, BAM,
3.00%, 12/01/2019 - 12/01/2024		515,000		523,691
4.00%, 12/01/2022 - 12/01/2023		550,000		589,557

The notes are an integral part of this report. Transamerica Funds Page    10

Transamerica Intermediate Muni

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Illinois (continued)
Village of Machesney Park, Revenue Bonds,
Series B, AGM,
4.38%, 12/01/2019		$  150,000		$  150,413
Village of Matteson, Revenue Bonds
BAM,
5.00%, 12/01/2024 - 12/01/2035		3,610,000		4,249,059
Village of Montgomery, Special Assessment
BAM,
2.10%, 03/01/2020		195,000		196,045
2.85%, 03/01/2024		199,000		205,245
3.00%, 03/01/2025		140,000		145,691
3.10%, 03/01/2026		273,000		286,107
3.30%, 03/01/2028		211,000		222,200
3.40%, 03/01/2029		761,000		800,701
3.45%, 03/01/2030		143,000		149,860
Village of Mount Prospect, General Obligation Unlimited,
3.00%, 12/01/2021		100,000		103,461
Village of Pingree Grove Special Service Area No. 2, Special Tax,
AGM,
2.00%, 03/01/2020		210,000		211,004
Village of River Grove, General Obligation Unlimited,
AGC,
3.80%, 12/15/2019		160,000		161,038
Village of South Holland, General Obligation Unlimited,
Series B,
4.00%, 12/15/2022		105,000		113,019
Village of Stone Park, General Obligation Unlimited
Series B, BAM,
4.00%, 02/01/2035 - 02/01/2038		520,000		552,001
Warren County Community Unit School District No. 238, General Obligation Unlimited,
AGM,
4.00%, 12/01/2021		75,000		79,201
Wauconda Special Service Area No.1, Special Tax,
Series A, BAM,
5.00%, 03/01/2033		305,000		346,102
Western Illinois Economic Development Authority, Revenue Bonds
4.00%, 06/01/2020 - 06/01/2033		5,625,000		5,809,916
Western Illinois University, Certificate of Participation
AGM,
3.00%, 10/01/2022		3,010,000		3,095,424
5.00%, 10/01/2024		3,330,000		3,784,845
Western Illinois University, Revenue Bonds
BAM,
5.00%, 04/01/2021 - 04/01/2024		2,030,000		2,218,744
Will County Community High School District No. 210, General Obligation Unlimited
4.00%, 01/01/2022		5,000,000		5,003,700
AGM,
5.00%, 01/01/2020		335,000		339,365
Series A, AGM-CR,
5.00%, 01/01/2027		3,475,000		3,803,665

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Illinois (continued)
Will County Community Unit School District No. 201, General Obligation Limited,
Series C, AGM,
5.00%, 01/01/2027		$   1,075,000		$   1,277,938
Will County Community Unit School District No. 201, General Obligation Unlimited
AGM,
Zero Coupon, 11/01/2024		750,000		679,950
Series B, AGM,
5.00%, 01/01/2026		515,000		619,396
Will County School District No. 86, General Obligation Unlimited,
Series C, AGM-CR,
5.00%, 03/01/2024		8,195,000		9,445,393
Will Grundy Et Cetera County Revenue, General Obligation Unlimited,
Series B,
5.00%, 06/01/2038		200,000		222,680
				224,761,959
Indiana - 2.0%
Aurora School Building Corp., Revenue Bonds,
5.00%, 07/15/2020		115,000		119,093
City of Evansville, Revenue Bonds,
Series A, AGM,
5.00%, 02/01/2025		140,000		166,127
City of Rockport, Revenue Bonds
Series A,
2.75%, 06/01/2025		6,375,000		6,723,457
Series D,
Fixed until 06/01/2021, 2.05% (D), 04/01/2025		645,000		651,643
Evansville Redevelopment Authority, Revenue Bonds
BAM,
4.00%, 02/01/2028 - 02/01/2029		5,965,000		6,721,363
5.00%, 02/01/2026		700,000		843,808
Greater Clark County School Building Corp., Revenue Bonds,
Series A,
4.00%, 07/15/2024		135,000		151,544
Indiana Finance Authority, Revenue Bonds
3.50%, 10/01/2025		960,000		1,011,533
4.00%, 02/01/2021		405,000		421,322
5.00%, 02/01/2022 - 10/01/2035		3,030,000		3,537,812
Series A,
5.00%, 09/15/2021 - 09/15/2028		2,755,000		3,067,264
Indiana Health Facility Financing Authority, Revenue Bonds
Fixed until 05/01/2020, 1.25% (D), 11/01/2027		3,100,000		3,099,535
5.00%, 11/15/2034		1,725,000		2,018,854
Indiana Housing & Community Development Authority, Revenue Bonds
Series A-1, GNMA, FNMA, FHLMC,
2.85%, 07/01/2031		225,000		226,843
Series C-1, GNMA, FNMA, FHLMC,
3.25%, 01/01/2032		1,515,000		1,593,538
Indiana University, Revenue Bonds,
Series A,
5.00%, 06/01/2024		50,000		59,085

The notes are an integral part of this report. Transamerica Funds Page    11

Transamerica Intermediate Muni

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Indiana (continued)
Jeffersonville Redevelopment Authority, Revenue Bonds,
AGM,
3.00%, 08/01/2026		$   760,000		$   842,209
Jennings County School Building Corp., Revenue Bonds,
3.00%, 01/15/2020		345,000		346,715
Lake County Public Library District, General Obligation Unlimited,
4.00%, 08/01/2019		40,000		40,000
Wawasee High School Building Corp., Revenue Bonds,
5.00%, 07/15/2038		1,300,000		1,516,879
				33,158,624
Iowa - 0.0% (F)
City of Ames, General Obligation Unlimited,
Series A,
2.25%, 06/01/2028		120,000		123,992
Kansas - 0.4%
City of Dodge City, Revenue Bonds,
3.00%, 07/15/2021		80,000		82,787
City of Wichita, Revenue Bonds,
Series I,
5.00%, 05/15/2028		300,000		327,246
Kansas Development Finance Authority, Revenue Bonds
5.00%, 01/01/2020		90,000		91,429
Series C, BAM,
4.00%, 05/01/2022		90,000		96,360
Kansas Independent College Finance Authority, Revenue Bonds,
5.50%, 05/01/2020		1,000,000		1,019,860
Marais Des Cygnes Public Utility Authority, Revenue Bonds
AGM,
3.00%, 12/01/2026 - 12/01/2027		990,000		1,062,666
Montgomery County Unified School District No. 446, General Obligation Unlimited
BAM,
5.00%, 09/01/2027 - 09/01/2030		3,140,000		3,824,392
Unified Government of Greeley County, General Obligation Unlimited,
Series B,
5.00%, 12/01/2037		225,000		264,098
				6,768,838
Kentucky - 2.8%
Bullitt County School District Finance Corp., Revenue Bonds
3.10%, 09/01/2026		65,000		69,087
3.25%, 09/01/2028		545,000		574,381
City of Winchester Combined Utilities Revenue, Revenue Bonds,
Series A, BAM,
4.00%, 07/01/2029		685,000		809,581
County of Carroll, Revenue Bonds,
Series A,
Fixed until 09/01/2019, 1.05% (D), 09/01/2042		2,750,000		2,748,652
County of Hardin, Revenue Bonds,
AGM,
5.75%, 08/01/2033		20,000		22,843
Eastern Kentucky University, Revenue Bonds,
Series A,
4.00%, 04/01/2025		175,000		195,967

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Kentucky (continued)
Fayette County School District Finance Corp., Revenue Bonds,
Series B,
4.00%, 05/01/2024		$   140,000		$   156,236
Kentucky Asset Liability Commission, Revenue Bonds,
NATL,
5.25%, 09/01/2019		150,000		150,495
Kentucky Economic Development Finance Authority, Revenue Bonds
5.25%, 08/15/2046		230,000		242,287
AGM,
5.00%, 12/01/2045 - 12/01/2047		1,680,000		1,924,018
Kentucky Municipal Power Agency, Revenue Bonds
Series A,
Fixed until 03/01/2026, 3.45% (D), 09/01/2042		2,500,000		2,618,300
Series A, NATL,
5.00%, 09/01/2023		115,000		130,470
Kentucky State Property & Building Commission, Revenue Bonds,
BAM-TCRS,
5.00%, 04/01/2029		3,450,000		4,216,797
Kentucky Turnpike Authority, Revenue Bonds,
Series A,
5.00%, 07/01/2021		25,000		26,723
Louisville & Jefferson County Visitors and Convention Commission, Revenue Bonds
AGM-CR,
4.00%, 06/01/2024 - 06/01/2029		18,290,000		20,793,710
Morehead State University, Revenue Bonds
Series A,
3.00%, 04/01/2027		655,000		691,647
4.00%, 04/01/2030 - 04/01/2032		495,000		540,772
Nicholas County School District Finance Corp., Revenue Bonds
2.00%, 02/01/2023		55,000		56,101
2.38%, 02/01/2025		240,000		250,327
2.50%, 02/01/2027		305,000		318,429
3.00%, 02/01/2028 - 02/01/2032		365,000		388,605
Northern Kentucky University, Revenue Bonds,
Series A,
4.00%, 09/01/2025		900,000		1,024,776
Paducah Electric Plant Board, Revenue Bonds
Series A, AGM,
5.00%, 10/01/2029 - 10/01/2032		2,330,000		2,780,188
Warren County Justice Center Expansion Corp., Revenue Bonds,
5.00%, 09/01/2024		820,000		958,769
Warren County School District Finance Corp., Revenue Bonds,
4.00%, 04/01/2026		3,690,000		4,243,574
				45,932,735
Louisiana - 2.7%
City of New Orleans Water System Revenue, Revenue Bonds,
5.00%, 12/01/2044		100,000		109,878

The notes are an integral part of this report. Transamerica Funds Page    12

Transamerica Intermediate Muni

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Louisiana (continued)
City of Ruston, Revenue Bonds,
AGM,
5.00%, 06/01/2036		$   1,115,000		$   1,293,099
Fremaux Economic Development District, Revenue Bonds,
5.00%, 11/01/2034		255,000		260,355
Jefferson Sales Tax District, Revenue Bonds,
Series B, AGM,
5.00%, 12/01/2032		25,000		30,462
Louisiana Local Government Environmental Facilities & Community Development Authority, Revenue Bonds
AGM,
5.00%, 08/01/2026 - 08/01/2029		13,795,000		16,920,966
Louisiana Public Facilities Authority, Revenue Bonds
5.00%, 07/01/2022 - 07/01/2027		3,160,000		3,628,485
AGM,
5.00%, 06/01/2021		65,000		69,397
New Orleans Aviation Board, Revenue Bonds
AGM,
5.00%, 10/01/2033 - 10/01/2048		8,340,000		9,853,944
Series A,
5.25%, 01/01/2041		100,000		101,498
St. Tammany Parish Hospital Service District No. 1, Revenue Bonds
Series A,
5.00%, 07/01/2033 - 07/01/2048		10,015,000		11,919,004
				44,187,088
Maine - 0.6%
City of Portland General Airport Revenue, Revenue Bonds,
5.00%, 01/01/2028		640,000		750,515
Maine Governmental Facilities Authority, Revenue Bonds,
Series A,
5.00%, 10/01/2028		350,000		428,071
Maine Health & Higher Educational Facilities Authority, Revenue Bonds,
Series A,
5.00%, 07/01/2038		35,000		41,613
Maine State Housing Authority, Revenue Bonds
Series B,
2.75%, 11/15/2028		410,000		430,406
2.90%, 11/15/2029		880,000		926,860
3.15%, 11/15/2039		1,680,000		1,704,461
3.35%, 11/15/2044		130,000		132,272
Series C,
2.15%, 11/15/2026		265,000		271,053
2.35%, 11/15/2027		245,000		251,784
2.50%, 11/15/2028		550,000		566,423
2.75%, 11/15/2031		2,120,000		2,157,588
Series D-1,
2.50%, 11/15/2026		510,000		533,756
2.65%, 11/15/2027		755,000		791,738
2.80%, 11/15/2028		570,000		599,104
2.95%, 11/15/2029		350,000		368,119
				9,953,763

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Maryland - 0.2%
City of Baltimore, Revenue Bonds,
Series C,
5.00%, 07/01/2028		$   50,000		$   57,531
City of Rockville, Revenue Bonds
Series A-2,
2.25%, 11/01/2022		250,000		250,308
5.00%, 11/01/2023		345,000		383,067
Series A1,
5.00%, 11/01/2021 - 11/01/2023		550,000		598,642
Series C,
3.00%, 11/01/2025		1,500,000		1,505,700
Maryland Health & Higher Educational Facilities Authority, Revenue Bonds,
5.00%, 07/01/2021		35,000		37,605
Montgomery County Revenue Authority, Revenue Bonds,
Series A,
4.00%, 11/01/2020		85,000		87,990
				2,920,843
Massachusetts - 1.0%
Commonwealth of Massachusetts, General Obligation Limited,
Series A,
5.00%, 07/01/2037		45,000		52,601
Lynn Housing Authority & Neighborhood Development, Revenue Bonds
4.25%, 10/01/2028		315,000		339,167
4.38%, 10/01/2029		300,000		323,760
Massachusetts Development Finance Agency, Revenue Bonds
5.00%, 10/01/2039		250,000		281,985
Series I,
5.00%, 07/01/2025 - 07/01/2026		1,080,000		1,285,358
Series K,
4.00%, 07/01/2038		5,965,000		6,395,494
Series S-2,
Fixed until 01/30/2025, 5.00% (D), 07/01/2038		75,000		89,384
Massachusetts Housing Finance Agency, Revenue Bonds
Series 178,
3.70%, 12/01/2033		940,000		989,265
Series 183,
2.80%, 06/01/2031		1,575,000		1,610,406
Series 187, FNMA,
2.65%, 12/01/2027		740,000		778,687
2.80%, 06/01/2028 - 12/01/2028		2,915,000		3,046,640
Series C,
2.40%, 12/01/2025		210,000		222,304
2.55%, 06/01/2026		280,000		293,443
2.60%, 12/01/2026		150,000		156,969
2.70%, 06/01/2027		150,000		160,579
2.85%, 06/01/2028		160,000		169,576
2.90%, 12/01/2028		125,000		132,324
				16,327,942
Michigan - 3.4%
Allendale Public School District, General Obligation Unlimited,
5.00%, 11/01/2026		100,000		122,440

The notes are an integral part of this report. Transamerica Funds Page    13

Transamerica Intermediate Muni

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Michigan (continued)
Capac Community School District, General Obligation Unlimited
BAM,
4.00%, 05/01/2027 - 05/01/2031		$   1,240,000		$   1,439,962
City of Detroit Sewage Disposal System Revenue, Revenue Bonds
Series A, AGM,
5.25%, 07/01/2023 - 07/01/2024		90,000		104,427
Clarkston Community Schools, General Obligation Unlimited,
Series I,
5.00%, 05/01/2041		20,000		23,325
Decatur Public School District, General Obligation Unlimited,
3.00%, 05/01/2022		145,000		151,832
Detroit Wayne County Stadium Authority, Revenue Bonds,
AGM,
5.00%, 10/01/2026		2,775,000		3,038,292
Downtown Development Authority, Tax Allocation,
5.00%, 07/01/2048		10,000,000		11,005,100
East Lansing Economic Development Corp., Revenue Bonds,
Series B,
2.95%, 07/01/2020		50,000		50,478
Fitzgerald Public School District, General Obligation Unlimited,
BAM,
4.00%, 05/01/2025		630,000		716,285
Forest Hills Public Schools, General Obligation Unlimited,
Series I,
3.00%, 05/01/2024		85,000		91,949
Grand Rapids Economic Development Corp., Revenue Bonds,
3.00%, 11/01/2022		1,630,000		1,634,173
Grand Rapids Public Schools, General Obligation Unlimited
AGM,
5.00%, 05/01/2030 - 11/01/2039		1,730,000		2,095,264
Meridian Economic Development Corp., Revenue Bonds
Series A,
2.95%, 07/01/2020		450,000		454,297
3.25%, 07/01/2021		605,000		619,357
Michigan Finance Authority, Revenue Bonds
5.00%, 12/01/2035		1,340,000		1,445,927
5.25%, 10/01/2043		20,000		22,468
Michigan Municipal Bond Authority, Revenue Bonds,
5.00%, 10/01/2019		25,000		25,160
Michigan State Hospital Finance Authority, Revenue Bonds
Series F,
Fixed until 04/01/2021, 1.90% (D), 11/15/2047		1,320,000		1,332,329
Fixed until 03/15/2023, 2.40% (D), 11/15/2047		745,000		765,771

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Michigan (continued)
Michigan State Housing Development Authority, Revenue Bonds
Series B,
3.25%, 12/01/2032		$   3,835,000		$   4,004,507
Series D,
3.65%, 10/01/2032		2,700,000		2,766,366
Michigan Strategic Fund, Revenue Bonds,
5.00%, 11/15/2049		2,500,000		2,847,725
Saranac Community Schools, General Obligation Unlimited
4.00%, 05/01/2030 - 05/01/2031		825,000		931,982
Series A,
4.00%, 05/01/2025		130,000		147,651
Southgate Community School District, General Obligation Unlimited
5.00%, 05/01/2032 - 05/01/2035		1,950,000		2,295,345
Stockbridge Community Schools, General Obligation Unlimited,
Series A,
5.00%, 05/01/2031		375,000		446,512
Sturgis Public School District, General Obligation Unlimited,
Series A,
5.00%, 05/01/2026		45,000		53,632
Warren Consolidated Schools, General Obligation Unlimited
AGM,
4.00%, 05/01/2025 - 05/01/2027		700,000		800,560
Series B, BAM,
5.00%, 05/01/2023 - 05/01/2025		7,210,000		8,428,441
Wayne County Airport Authority, Revenue Bonds,
Series A,
5.00%, 12/01/2032		250,000		304,625
Zeeland Public Schools, General Obligation Unlimited
Series B, BAM,
5.00%, 05/01/2026 - 05/01/2030		5,820,000		7,247,203
				55,413,385
Minnesota - 1.2%
City of Apple Valley, Revenue Bonds,
4.25%, 09/01/2038		1,000,000		1,033,530
City of Deephaven, Revenue Bonds
Series A,
4.38%, 10/01/2027		250,000		257,975
4.40%, 07/01/2025		125,000		131,525
City of Red Wing, Revenue Bonds,
Class A,
5.00%, 08/01/2047		1,250,000		1,297,800
City of St. Cloud, Revenue Bonds,
Series A,
3.00%, 04/01/2021		250,000		150,000
City of Stillwater, Tax Allocation
3.00%, 02/01/2021 - 02/01/2027		2,455,000		2,516,804
4.00%, 02/01/2030		750,000		790,080
County of Chippewa, Revenue Bonds
4.00%, 03/01/2023 - 03/01/2026		5,460,000		5,892,600
Dakota County Community Development Agency, Revenue Bonds,
Series A,
5.00%, 09/01/2029		705,000		740,222
Housing & Redevelopment Authority of the City of St. Paul, Revenue Bonds
Series A,
5.00%, 11/15/2025 - 12/01/2030		850,000		997,975
Series B,
4.25%, 04/01/2025		170,000		174,355
Minnesota Housing Finance Agency, Revenue Bonds
Series A,
4.00%, 08/01/2031		100,000		110,780

The notes are an integral part of this report. Transamerica Funds Page    14

Transamerica Intermediate Muni

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Minnesota (continued)
Minnesota Housing Finance Agency, Revenue Bonds (continued)
Series B,
3.20%, 07/01/2025		$   80,000		$   80,362
Series C, GNMA, FNMA, FHLMC,
2.80%, 07/01/2024		120,000		125,694
2.95%, 07/01/2025		80,000		84,490
Series E, GNMA, FNMA, FHLMC,
3.30%, 01/01/2034		3,610,000		3,777,829
Series F,
2.90%, 01/01/2026		255,000		269,265
2.95%, 07/01/2026		310,000		327,475
Township of Baytown, Revenue Bonds,
Series A,
4.00%, 08/01/2036		675,000		686,549
				19,445,310
Mississippi - 1.1%
Mississippi Development Bank, Revenue Bonds
4.00%, 07/01/2049		400,000		433,108
AGM,
6.88%, 12/01/2040		340,000		407,483
AGM-CR,
5.25%, 02/01/2049		7,500,000		9,143,325
Series A,
5.00%, 03/01/2022		650,000		662,448
Mississippi Home Corp., Revenue Bonds
Series A, GNMA, FNMA, FHLMC,
2.20%, 12/01/2024		695,000		719,346
2.35%, 06/01/2025		320,000		334,230
2.45%, 12/01/2025		520,000		546,868
2.70%, 12/01/2026		475,000		505,329
2.75%, 06/01/2027		150,000		159,707
2.80%, 12/01/2027		75,000		80,486
2.85%, 06/01/2028		170,000		182,580
2.95%, 12/01/2028		535,000		575,339
Series E, GNMA, FNMA, FHLMC,
3.00%, 12/01/2028		80,000		84,224
Mississippi Hospital Equipment & Facilities Authority, Revenue Bonds,
FHA, NATL,
5.00%, 02/01/2035		1,000,000		1,003,190
West Rankin Utility Authority, Revenue Bonds
AGM,
5.00%, 01/01/2037 - 01/01/2038		3,155,000		3,600,749
				18,438,412
Missouri - 1.0%
Belton School District No. 124, Certificate of Participation,
AGM,
5.00%, 01/15/2044		700,000		780,801
Branson Industrial Development Authority, Revenue Bonds
Series A,
3.00%, 11/01/2019 - 11/01/2021		1,135,000		1,141,391
4.00%, 11/01/2022		350,000		362,939
City of Kansas City, Revenue Bonds,
Series A,
5.00%, 09/01/2034		100,000		100,269
Hannibal Industrial Development Authority, Revenue Bonds,
5.00%, 10/01/2037		1,500,000		1,737,930
Industrial Development Authority of the City of St. Louis, Tax Allocation,
3.75%, 11/01/2027		460,000		469,895

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Missouri (continued)
Lincoln University Auxiliary System Revenue, Revenue Bonds
AGM,
4.00%, 06/01/2035 - 06/01/2037		$   840,000		$   908,452
5.00%, 06/01/2027		870,000		1,058,746
Missouri Housing Development Commission, Revenue Bonds
Series B, GNMA, FNMA, FHLMC,
2.50%, 05/01/2029		5,000		5,128
2.55%, 11/01/2029		460,000		477,209
Missouri Joint Municipal Electric Utility Commission, Revenue Bonds,
5.00%, 12/01/2043		750,000		880,905
Missouri State Board of Public Buildings, Revenue Bonds,
Series A,
2.25%, 04/01/2029		470,000		476,185
Missouri State Health & Educational Facilities Authority, Revenue Bonds
Series A,
5.00%, 02/01/2029 - 02/01/2042		2,895,000		3,277,417
St. Louis County Industrial Development Authority, Special Assessment,
2.38%, 03/01/2020 (A)		300,000		299,988
St. Louis Municipal Finance Corp., Revenue Bonds
Series A, AGM,
5.00%, 02/15/2030 - 02/15/2033		4,160,000		5,001,150
				16,978,405
Montana - 0.2%
Missoula High School District No. 1, General Obligation Unlimited,
4.00%, 07/01/2034		345,000		387,901
Montana Board of Housing, Revenue Bonds,
Series A,
3.75%, 12/01/2038		345,000		366,928
Montana Facility Finance Authority, Revenue Bonds
5.00%, 07/01/2030		575,000		713,713
Series C,
3.00%, 06/01/2022		300,000		313,095
5.00%, 06/01/2024 - 06/01/2025		1,460,000		1,703,897
				3,485,534
Nebraska - 0.7%
Central Plains Energy Project, Revenue Bonds,
Series A,
5.00%, 09/01/2034		880,000		1,117,706
City of La Vista, Revenue Bonds
3.00%, 07/15/2034		475,000		481,360
3.25%, 07/15/2042		2,015,000		2,028,500
Madison County Hospital Authority No. 1, Revenue Bonds,
Series V,
5.00%, 07/01/2025		1,765,000		2,050,877
Omaha Public Power District, Revenue Bonds
Series A,
5.00%, 02/01/2033 - 02/01/2034		4,025,000		4,664,732

The notes are an integral part of this report. Transamerica Funds Page    15

Transamerica Intermediate Muni

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Nebraska (continued)
Papio-Missouri River Natural Resource District, General Obligation Limited
4.00%, 12/15/2027 - 12/15/2029		$   425,000		$   453,587
Thurston County School District No. 16, General Obligation Limited,
3.88%, 06/15/2029		100,000		102,384
				10,899,146
Nevada - 0.4%
City of Carson City, Revenue Bonds,
5.00%, 09/01/2034		700,000		822,675
City of Las Vegas, Revenue Bonds,
2.75%, 06/15/2021 (A)		115,000		114,873
County of Washoe, Revenue Bonds,
Series B,
Fixed until 06/01/2022, 3.00% (D), 03/01/2036		1,200,000		1,254,768
Henderson Local Improvement Districts, Special Assessment
2.00%, 09/01/2023		360,000		362,783
2.25%, 09/01/2024		560,000		570,388
2.38%, 03/01/2021 - 03/01/2022		1,280,000		1,303,038
2.50%, 03/01/2023 - 09/01/2025		1,430,000		1,469,567
Las Vegas Special Improvement District Nos. 808 & 810, Special Assessment,
4.00%, 06/01/2020		175,000		177,459
Nevada System of Higher Education, Revenue Bonds
Series A,
5.00%, 07/01/2021 - 07/01/2024		50,000		55,368
				6,130,919
New Hampshire - 0.1%
New Hampshire Housing Finance Authority, Revenue Bonds,
3.55%, 07/01/2037		925,000		961,658
New Jersey - 8.0%
Camden County Improvement Authority, Revenue Bonds
5.00%, 01/15/2026		255,000		295,767
Series A,
5.00%, 01/15/2029		10,000		11,859
City of Atlantic City, General Obligation Unlimited,
Series B, AGM,
5.00%, 03/01/2037		1,000,000		1,169,120
City of Bayonne, General Obligation Unlimited,
AGM,
5.00%, 08/01/2024		70,000		81,902
City of Newark, General Obligation Unlimited,
Series A,
5.00%, 10/01/2020		55,000		56,810
City of Paterson, General Obligation Unlimited,
BAM,
5.00%, 01/15/2024		355,000		393,194
City of Trenton, General Obligation Unlimited
AGM,
5.00%, 07/15/2034		200,000		240,840
BAM,
5.00%, 07/15/2022 - 12/01/2023		5,805,000		6,476,871

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
New Jersey (continued)
Cumberland County Improvement Authority, Revenue Bonds
BAM,
5.00%, 12/15/2023 - 12/15/2024		$   845,000		$   989,831
Essex County Improvement Authority, Revenue Bonds,
Series A,
5.00%, 12/01/2035 (G)		535,000		415,962
Garden State Preservation Trust, Revenue Bonds
Series A, AGM,
5.75%, 11/01/2028		4,950,000		6,293,281
Series C, AGM,
5.13%, 11/01/2019		105,000		105,999
5.25%, 11/01/2021		45,000		48,775
Greater Egg Harbor Regional High School District, General Obligation Unlimited
AGM,
4.00%, 02/01/2030 - 02/01/2031		360,000		400,770
5.00%, 02/01/2023 - 02/01/2024		2,345,000		2,713,909
Little Egg Harbor Board of Education, General Obligation Unlimited,
AGM,
4.00%, 01/15/2021		125,000		130,173
Matawan-Aberdeen Regional School District, General Obligation Unlimited,
5.00%, 09/15/2019		25,000		25,119
New Jersey Building Authority, Revenue Bonds
Series A,
5.00%, 12/15/2022		45,000		45,107
Series A, BAM,
5.00%, 06/15/2028		465,000		553,741
New Jersey Economic Development Authority, Revenue Bonds
Series A,
3.50%, 09/01/2022 (A)		120,000		121,098
4.25%, 09/01/2027 (A)		200,000		213,514
5.00%, 06/15/2022 - 06/15/2025		9,000,000		10,226,505
5.00%, 09/01/2037 (A)		750,000		817,537
5.38%, 09/01/2033 (A)		250,000		269,823
5.63%, 09/01/2038 (A)		335,000		361,271
Series A, BAM,
3.13%, 07/01/2031		2,415,000		2,494,309
5.00%, 06/15/2021 - 07/01/2028		12,830,000		14,816,312
Series A, BAM-TCRS,
5.00%, 06/15/2027 - 06/15/2030		15,900,000		19,413,101
Series B,
4.25%, 09/01/2022 (A)		180,000		180,034
Series C,
4.00%, 06/15/2025		1,825,000		2,004,689
Series C, BAM-TCRS,
5.00%, 06/15/2026		2,755,000		3,305,835
Series DDD,
5.00%, 06/15/2024		2,000,000		2,292,460
Series DDD, BAM-TCRS,
5.00%, 06/15/2026 - 06/15/2035		7,135,000		8,629,228
Series K, AMBAC,
5.50%, 12/15/2019		100,000		101,469
Series PP, AGM-CR,
5.00%, 06/15/2025		14,450,000		16,594,669
Series UU, AGM-CR,
5.00%, 06/15/2025		905,000		1,039,320
New Jersey Educational Facilities Authority, Revenue Bonds
Series D, AGM,
5.00%, 07/01/2024		2,485,000		2,903,598

The notes are an integral part of this report. Transamerica Funds Page    16

Transamerica Intermediate Muni

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
New Jersey (continued)
New Jersey Educational Facilities Authority, Revenue Bonds (continued)
Series E, BAM,
5.00%, 07/01/2023		$   155,000		$   175,869
Series F, AGC,
4.00%, 07/01/2020		635,000		650,697
Series H, AGM,
5.00%, 07/01/2026		610,000		725,619
New Jersey Health Care Facilities Financing Authority, Revenue Bonds
5.00%, 07/01/2023		50,000		55,422
Series A, AGM,
5.00%, 07/01/2024 - 07/01/2046		1,025,000		1,179,005
New Jersey Higher Education Student Assistance Authority, Revenue Bonds,
Series A,
2.38%, 12/01/2029		4,930,000		4,969,489
New Jersey Housing & Mortgage Finance Agency, Revenue Bonds
Series A,
2.60%, 11/01/2024		2,120,000		2,216,736
2.85%, 11/01/2025		1,830,000		1,939,489
Series B,
2.00%, 05/01/2021		3,825,000		3,866,042
Series F, FHLMC,
3.35%, 12/01/2030		1,255,000		1,322,958
New Jersey Transportation Trust Fund Authority, Revenue Bonds
Series A, AGM-CR,
5.50%, 12/15/2022		3,030,000		3,438,535
Series A-1,
5.00%, 06/15/2023		150,000		169,191
Series B, AMBAC,
5.25%, 12/15/2023		30,000		34,505
New Jersey Turnpike Authority, Revenue Bonds,
Series B,
5.00%, 01/01/2033		15,000		18,485
Newark Housing Authority, Revenue Bonds,
AGM,
4.00%, 12/01/2030		100,000		109,834
Passaic County Improvement Authority, Revenue Bonds,
5.00%, 05/01/2020		145,000		149,338
River Edge School District, General Obligation Unlimited,
3.00%, 02/01/2020		25,000		25,239
South Jersey Transportation Authority LLC, Revenue Bonds,
Series A, NATL,
4.50%, 11/01/2035		105,000		105,308
Tobacco Settlement Financing Corp., Revenue Bonds,
Series A,
5.00%, 06/01/2023		25,000		27,890
Town of Kearny, General Obligation Unlimited,
Series A, AGM,
5.00%, 02/01/2023		535,000		598,146
Township of Dennis, General Obligation Unlimited,
2.00%, 10/01/2019		100,000		100,146
Township of Lakewood, General Obligation Unlimited,
BAM,
4.00%, 11/01/2019		45,000		45,302

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
New Jersey (continued)
Township of Little Falls, General Obligation Unlimited,
4.00%, 08/01/2019		$   90,000		$   90,000
Trenton Parking Authority, Revenue Bonds
Series B, AGM,
4.00%, 04/01/2023 - 04/01/2028		1,620,000		1,792,298
				130,039,345
New Mexico - 0.4%
City of Farmington, Revenue Bonds
Fixed until 06/01/2022, 2.13% (D), 06/01/2040		1,450,000		1,463,340
Series A,
Fixed until 04/01/2020, 1.88% (D), 04/01/2029		1,950,000		1,952,847
New Mexico Mortgage Finance Authority, Revenue Bonds
Series A-1,
1.65%, 09/01/2021		15,000		15,089
Series A-1, GNMA, FNMA, FHLMC,
3.45%, 07/01/2033		1,025,000		1,083,999
3.70%, 07/01/2038		1,065,000		1,120,966
				5,636,241
New York - 4.0%
Brooklyn Arena Local Development Corp., Revenue Bonds,
Series A, AGM,
4.00%, 07/15/2035		2,400,000		2,647,440
Buffalo & Erie County Industrial Land Development Corp., Revenue Bonds
5.00%, 10/01/2037		400,000		473,112
Series A,
3.88%, 08/01/2027		2,545,000		2,693,221
5.00%, 08/01/2037		1,320,000		1,453,214
Buffalo Municipal Water Finance Authority, Revenue Bonds,
Series A, AGM,
5.00%, 07/01/2039		600,000		709,854
Build NYC Resource Corp., Revenue Bonds,
5.00%, 07/01/2041		100,000		109,510
City of Niagara Falls, General Obligation Limited,
BAM,
5.00%, 05/15/2028		55,000		66,755
County of Suffolk, General Obligation Limited
Series A, AGM,
3.00%, 06/15/2025		1,505,000		1,640,014
Series D, BAM,
4.00%, 10/15/2027 - 10/15/2029		11,335,000		13,199,105
5.00%, 10/15/2023		115,000		133,184
Dutchess County Local Development Corp., Revenue Bonds
5.00%, 07/01/2032 - 07/01/2036		555,000		646,106
Hudson City School District, General Obligation Unlimited
AGM,
3.25%, 06/15/2031 - 06/15/2035		405,000		430,453
Jefferson County Civic Facility Development Corp., Revenue Bonds,
Series A,
4.00%, 11/01/2030		350,000		381,140
Lockport City School District, General Obligation Unlimited
2.25%, 08/01/2027		620,000		650,132
2.50%, 08/01/2028		1,145,000		1,205,353

The notes are an integral part of this report. Transamerica Funds Page    17

Transamerica Intermediate Muni

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
New York (continued)
Metropolitan Transportation Authority, Revenue Bonds
Series A,
5.00%, 11/15/2025		$   50,000		$   56,366
Series D,
5.00%, 11/15/2030		2,500,000		2,766,900
MTA Hudson Rail Yards Trust Obligations, Revenue Bonds,
Series A,
5.00%, 11/15/2051		2,000,000		2,123,580
New York City Housing Development Corp., Revenue Bonds
Series C-1,
2.25%, 05/01/2026		955,000		982,953
2.30%, 11/01/2026		925,000		956,209
2.40%, 05/01/2027		850,000		874,081
2.45%, 11/01/2027		190,000		195,155
2.55%, 05/01/2028		370,000		381,100
Series I, FNMA,
Fixed until 02/01/2026, 2.95% (D), 11/01/2045		4,950,000		5,225,467
New York City Industrial Development Agency, Revenue Bonds,
FGIC,
4.50%, 03/01/2039		245,000		245,370
New York State Dormitory Authority, Revenue Bonds
Series A,
5.00%, 12/15/2029 - 08/01/2035		4,045,000		4,665,189
New York State Housing Finance Agency, Revenue Bonds
Series E, GNMA, FNMA, FHLMC,
1.00%, 11/01/2019		690,000		689,738
Series H, GNMA, FNMA, FHLMC,
1.60%, 05/01/2021		2,750,000		2,751,980
1.65%, 11/01/2021		4,970,000		4,992,763
New York State Thruway Authority, Revenue Bonds,
Series A,
5.00%, 01/01/2051		485,000		556,339
Niagara Tobacco Asset Securitization Corp., Revenue Bonds,
4.00%, 05/15/2029		145,000		146,282
North East Joint Fire District, General Obligation Limited,
Series A, BAM,
3.50%, 12/15/2019		60,000		60,544
Port Authority of New York & New Jersey, Revenue Bonds
5.00%, 09/01/2048		2,160,000		2,625,782
5.25%, 11/15/2056		500,000		595,020
State of New York Mortgage Agency, Revenue Bonds
Series 190,
3.45%, 10/01/2030		110,000		115,674
Series 197,
1.90%, 04/01/2025		925,000		943,121
Town of North Hempstead, General Obligation Limited
Series A,
2.50%, 03/15/2030		1,455,000		1,486,399
2.75%, 03/15/2031 - 03/15/2033		3,165,000		3,238,805

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
New York (continued)
Town of Oyster Bay, General Obligation Limited,
AGM-CR,
4.00%, 02/15/2024		$   1,035,000		$   1,148,726
TSASC, Inc., Revenue Bonds,
Series A,
5.00%, 06/01/2024		140,000		159,426
Westchester County Local Development Corp., Revenue Bonds,
5.00%, 11/01/2026		675,000		797,634
Windsor Central School District, General Obligation Unlimited
2.00%, 06/15/2020		115,000		116,122
3.00%, 06/15/2030 - 06/15/2031		285,000		301,678
				65,636,996
North Carolina - 0.6%
City of Charlotte, Certificate of Participation,
Series A,
5.00%, 12/01/2021		25,000		27,241
North Carolina Housing Finance Agency, Revenue Bonds
Series 37-B, GNMA, FNMA,
1.95%, 07/01/2023		20,000		20,449
Series 38-B,
2.38%, 01/01/2025		2,050,000		2,150,634
2.45%, 07/01/2025		1,205,000		1,272,685
2.65%, 01/01/2026		1,055,000		1,125,221
2.80%, 01/01/2027		80,000		85,797
North Carolina Medical Care Commission, Revenue Bonds,
5.00%, 01/01/2038		620,000		698,436
Winston-Salem State University, Revenue Bonds
BAM,
5.00%, 06/01/2029 - 06/01/2036		3,495,000		4,113,908
				9,494,371
North Dakota - 0.8%
Burleigh County Health Care Revenue, Revenue Bonds
3.60%, 05/01/2024		285,000		289,472
5.00%, 05/01/2037		2,000,000		2,090,860
City of Mandan, Revenue Bonds,
Series A,
4.00%, 09/01/2034		1,010,000		1,090,719
County of Burleigh Multi-County Sales Tax Revenue, Revenue Bonds
Series A, AGM,
3.00%, 11/01/2024 - 11/01/2025		905,000		950,161
Fargo Public School District No. 1, General Obligation Limited,
Series A,
3.00%, 08/01/2026		25,000		26,745
Jamestown Park District, Revenue Bonds
Series A,
3.00%, 07/01/2035		3,880,000		3,937,773
4.00%, 07/01/2026 - 07/01/2031		2,485,000		2,721,286
North Dakota Housing Finance Agency, Revenue Bonds
2.80%, 07/01/2023		55,000		57,667
Series C,
2.55%, 01/01/2028		775,000		799,715

The notes are an integral part of this report. Transamerica Funds Page    18

Transamerica Intermediate Muni

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
North Dakota (continued)
North Dakota Housing Finance Agency, Revenue Bonds (continued)
Series D,
2.80%, 01/01/2025		$   810,000		$   869,827
2.85%, 07/01/2025		745,000		803,676
				13,637,901
Ohio - 2.2%
Brunswick City School District, General Obligation Unlimited
Series A,
5.00%, 12/01/2027 - 12/01/2037		1,485,000		1,676,035
Buckeye Tobacco Settlement Financing Authority, Revenue Bonds
Series A-2,
5.13%, 06/01/2024		1,445,000		1,415,695
5.38%, 06/01/2024		360,000		355,687
Cardinal Local School District, Certificate of Participation,
5.25%, 04/01/2038		2,160,000		2,223,742
City of Marysville Wastewater Treatment System Revenue, Revenue Bonds,
BAM,
5.00%, 12/01/2023		180,000		207,544
Cleveland Heights & University Heights City School District, General Obligation Unlimited
4.00%, 12/01/2029 - 12/01/2030		1,095,000		1,263,745
Cleveland-Cuyahoga County Port Authority, Revenue Bonds
Series C,
3.00%, 05/15/2020 - 11/15/2023		605,000		627,825
Cleveland-Cuyahoga County Port Authority, Tax Allocation
Series D,
3.00%, 05/15/2020 - 05/15/2023		1,620,000		1,665,503
Conotton Valley Union Local School District, Certificate of Participation
MAC,
4.00%, 12/01/2035 - 12/01/2042		1,150,000		1,231,617
County of Butler, Revenue Bonds,
5.00%, 11/15/2027		65,000		80,826
County of Cuyahoga, Revenue Bonds,
4.00%, 02/15/2029		1,450,000		1,553,936
County of Lucas, Revenue Bonds,
5.00%, 11/15/2023		810,000		866,603
County of Montgomery, Revenue Bonds,
Series A,
5.00%, 05/01/2032		40,000		40,475
County of Scioto, Revenue Bonds,
AGM-CR,
3.50%, 02/15/2038		2,155,000		2,241,114
County of Warren, Revenue Bonds
5.00%, 07/01/2022 - 07/01/2023		425,000		475,391
Series A,
4.00%, 07/01/2045 (C)		500,000		528,540
Dayton-Montgomery County Port Authority, Revenue Bonds,
Series 1,
6.13%, 01/15/2025		730,000		759,572
East Knox Local School District, General Obligation Unlimited,
BAM,
4.00%, 12/01/2030		260,000		292,058
Little Miami Local School District, General Obligation Unlimited,
Series B,
5.00%, 11/01/2048		2,000,000		2,283,420

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Ohio (continued)
Ohio Air Quality Development Authority, Revenue Bonds,
Series E,
5.63%, 10/01/2019		$   6,690,000		$   6,715,221
Ohio Higher Educational Facility Commission, Revenue Bonds
5.75%, 11/15/2035		25,000		25,800
AGM,
5.25%, 11/15/2040		40,000		41,074
Ohio Housing Finance Agency, Revenue Bonds
Series D, GNMA, FNMA, FHLMC,
3.05%, 09/01/2032		2,180,000		2,262,622
3.40%, 09/01/2037		4,220,000		4,406,904
Pinnacle Community Infrastructure Financing Authority, Revenue Bonds,
Series A, AGM,
4.00%, 12/01/2031		1,445,000		1,565,354
State of Ohio, Revenue Bonds,
Series C,
3.25%, 01/15/2023		100,000		100,146
Summit County Development Finance Authority, Revenue Bonds
4.00%, 12/01/2028 - 12/01/2034		1,150,000		1,223,685
Series C,
4.00%, 11/15/2024 - 11/15/2025		155,000		171,870
Willoughby-Eastlake City School District, Certificate of Participation,
BAM,
4.00%, 03/01/2025		145,000		162,281
				36,464,285
Oklahoma - 0.6%
Caddo County Governmental Building Authority, Revenue Bonds,
5.00%, 09/01/2027		435,000		513,426
Cleveland County Educational Facilities Authority, Revenue Bonds,
5.00%, 06/01/2023		45,000		51,134
Garfield County Educational Facilities Authority, Revenue Bonds,
Series A,
5.00%, 09/01/2027		1,315,000		1,596,502
Grady County School Finance Authority, Revenue Bonds
3.00%, 12/01/2028 - 12/01/2030		290,000		290,770
4.00%, 12/01/2023 - 09/01/2029		950,000		1,020,563
5.00%, 09/01/2022 - 12/01/2027		3,725,000		4,346,501
Jefferson County Educational Facilities Authority, Revenue Bonds
3.25%, 12/01/2023		135,000		139,973
3.38%, 12/01/2024		135,000		141,730
Oklahoma Development Finance Authority, Revenue Bonds,
5.00%, 06/01/2020		25,000		25,793
Oklahoma Housing Finance Agency, Revenue Bonds,
Series A, GNMA, FNMA, FHLMC,
2.75%, 09/01/2034 (C)		2,030,000		2,034,161
Oklahoma Water Resources Board, Revenue Bonds,
Series B,
4.75%, 04/01/2039		55,000		57,883
				10,218,436

The notes are an integral part of this report. Transamerica Funds Page    19

Transamerica Intermediate Muni

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Oregon - 0.3%
County of Jackson Airport Revenue, Revenue Bonds
AGM,
5.00%, 12/01/2030 - 12/01/2032		$   305,000		$   364,576
Klamath Falls Intercommunity Hospital Authority, Revenue Bonds,
3.00%, 09/01/2035		820,000		839,893
Oregon State Facilities Authority, Revenue Bonds
Series A,
5.00%, 10/01/2021		440,000		471,777
5.50%, 06/15/2035 (A)		750,000		782,768
State of Oregon Housing & Community Services Department, Revenue Bonds
Series D,
2.30%, 01/01/2026		1,085,000		1,114,696
2.45%, 01/01/2027		1,240,000		1,277,969
				4,851,679
Pennsylvania - 6.9%
Allegheny County Hospital Development Authority, Revenue Bonds
5.38%, 08/15/2029		150,000		150,231
5.50%, 08/15/2034		100,000		100,158
Allegheny County Sanitary Authority, Revenue Bonds
AGM,
4.00%, 12/01/2035		345,000		383,771
5.00%, 12/01/2024		30,000		35,915
Allentown City School District, General Obligation Limited,
AGM,
4.00%, 02/15/2023		5,395,000		5,832,103
Altoona Area School District, General Obligation Limited,
BAM,
5.00%, 12/01/2036		255,000		295,002
Bristol Township School District, General Obligation Limited,
BAM-TCRS,
5.00%, 06/01/2027		80,000		89,896
Bucks County Industrial Development Authority, Revenue Bonds
5.00%, 10/01/2033 - 10/01/2037		1,950,000		2,190,859
Central Bradford Progress Authority, Revenue Bonds,
5.25%, 12/01/2019		95,000		96,282
Centre County Hospital Authority, Revenue Bonds,
3.00%, 11/15/2019		300,000		301,422
Chartiers Valley School District, General Obligation Limited,
Series B,
5.00%, 10/15/2040		10,000		11,458
Cheltenham Township School District, General Obligation Limited,
Series A,
5.00%, 02/15/2033		90,000		103,511
City of Philadelphia Water & Wastewater Revenue, Revenue Bonds,
Series C, AGM,
5.00%, 08/01/2020		110,000		114,210

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Pennsylvania (continued)
City of Reading, General Obligation Unlimited,
BAM,
5.00%, 11/01/2021		$   675,000		$   725,416
Columbia Borough School District, General Obligation Limited,
BAM,
2.80%, 02/15/2021		530,000		530,546
Commonwealth Financing Authority, Revenue Bonds,
Series B-1, AGM,
5.00%, 06/01/2025		2,900,000		3,446,882
Commonwealth of Pennsylvania, General Obligation Unlimited
Series A, AGM-CR,
4.00%, 09/15/2030 - 09/15/2031		19,700,000		22,234,433
County of Bedford, General Obligation Unlimited,
Series A, BAM,
3.00%, 09/01/2019		100,000		100,121
County of Lackawanna, General Obligation Unlimited
BAM,
4.00%, 09/15/2032 - 09/15/2033		6,965,000		7,802,321
Erie County Conventional Center Authority, Revenue Bonds,
5.00%, 01/15/2026		1,725,000		2,054,682
Fairview School District, General Obligation Limited
Series A,
4.00%, 02/01/2024 - 02/01/2026		365,000		407,406
Indiana County Hospital Authority, Revenue Bonds,
Series A,
5.50%, 06/01/2029		250,000		272,290
Lancaster Industrial Development Authority, Revenue Bonds,
4.00%, 12/01/2044 (C)		1,070,000		1,138,352
Lancaster School District, General Obligation Limited,
Series A, AGM,
5.00%, 06/01/2031		735,000		865,293
Nazareth Area School District, General Obligation Limited,
Series D,
5.00%, 11/15/2035		10,000		11,763
Paradise Township Sewer Authority, Revenue Bonds
BAM,
4.00%, 10/15/2035 - 10/15/2038 (C)		440,000		473,387
Penn Hills School District, General Obligation Limited
BAM,
5.00%, 11/15/2023 - 11/15/2024		180,000		208,286
Series A, BAM,
5.00%, 11/15/2025		110,000		131,080
Pennsylvania Economic Development Financing Authority, Revenue Bonds,
AGM,
5.00%, 01/01/2034		180,000		201,118
Pennsylvania Higher Educational Facilities Authority, Revenue Bonds,
5.00%, 07/15/2020		50,000		51,567
Pennsylvania Housing Finance Agency, Revenue Bonds
2.20%, 04/01/2027		670,000		682,757
2.25%, 10/01/2027		660,000		672,659

The notes are an integral part of this report. Transamerica Funds Page    20

Transamerica Intermediate Muni

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Pennsylvania (continued)
Pennsylvania Housing Finance Agency, Revenue Bonds (continued)
2.35%, 04/01/2028		$   1,405,000		$   1,433,760
2.40%, 10/01/2028		1,360,000		1,389,077
2.45%, 04/01/2029 - 10/01/2029		2,600,000		2,652,958
2.55%, 04/01/2030		1,280,000		1,309,235
2.60%, 10/01/2030		1,395,000		1,427,336
Series 119,
1.85%, 04/01/2022		620,000		627,459
Series 121,
2.20%, 04/01/2026		1,955,000		1,999,730
2.25%, 10/01/2026		1,275,000		1,304,172
2.35%, 04/01/2027		3,505,000		3,587,788
Series 124B,
2.30%, 04/01/2026		1,415,000		1,466,817
2.40%, 10/01/2026		745,000		779,754
2.45%, 04/01/2027		1,600,000		1,667,248
2.55%, 10/01/2027		1,450,000		1,510,436
2.65%, 04/01/2028		1,700,000		1,773,355
2.75%, 10/01/2028		1,580,000		1,647,782
Pennsylvania Turnpike Commission, Revenue Bonds
5.00%, 12/01/2037		15,000		16,247
Series A, AGM,
4.00%, 12/01/2049		11,725,000		12,735,460
Series B,
5.00%, 12/01/2034 - 12/01/2038		1,305,000		1,558,661
Series B, BAM-TCRS,
5.25%, 12/01/2044		8,275,000		9,403,296
Perkasie Regional Authority, Revenue Bonds,
BAM,
2.75%, 02/01/2025		50,000		50,330
Philadelphia Gas Works Co., Revenue Bonds
4.00%, 10/01/2036 - 10/01/2037		425,000		456,058
5.00%, 08/01/2024		150,000		175,821
Reading School District, General Obligation Unlimited
Series A, AGM,
5.00%, 02/01/2026 - 02/01/2027		2,115,000		2,489,338
School District of Philadelphia, General Obligation Unlimited,
Series A, NATL,
4.38%, 06/01/2034		50,000		50,124
State Public School Building Authority, Revenue Bonds
5.00%, 09/15/2021 - 09/15/2022		180,000		196,254
5.25%, 03/01/2020		115,000		117,720
AGM,
5.00%, 10/01/2020 - 10/01/2023		260,000		284,039
BAM-TCRS,
5.00%, 10/01/2019		210,000		211,266
Series A, AGM,
5.00%, 10/01/2020 - 09/15/2021		975,000		1,041,764
Sto Rox School District, General Obligation Limited,
BAM,
3.13%, 12/15/2027		350,000		360,741
Township of Warrington, General Obligation Unlimited,
2.40%, 12/01/2024		300,000		300,231
Wilkes-Barre Area School District, General Obligation Limited
BAM,
4.00%, 04/15/2054		1,505,000		1,606,512
5.00%, 04/15/2059		4,000,000		4,692,520
				112,038,466

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Puerto Rico - 1.6%
Children’s Trust Fund, Revenue Bonds,
5.63%, 05/15/2043		$   125,000		$   127,356
Commonwealth of Puerto Rico, General Obligation Unlimited
AGC-ICC,
5.00%, 07/01/2034		130,000		132,725
AGM,
5.13%, 07/01/2030		10,000		10,300
5.25%, 07/01/2020		60,000		61,217
AGM-CR,
4.50%, 07/01/2023		100,000		100,315
Series A, AGC-ICC,
5.00%, 07/01/2020 - 07/01/2034		565,000		577,032
5.25%, 07/01/2020		275,000		279,285
5.50%, 07/01/2029		140,000		156,489
Series A, AGC-ICC, FGIC,
5.50%, 07/01/2020		175,000		178,941
Series A, AGM,
4.00%, 07/01/2022		470,000		479,978
5.00%, 07/01/2035		1,645,000		1,712,741
5.25%, 07/01/2024		210,000		221,936
6.00%, 07/01/2034		440,000		464,790
Series A-4, AGM,
5.00%, 07/01/2031		115,000		116,831
Series B, AGC-ICC,
5.00%, 07/01/2035		715,000		729,400
Series C, AGM,
5.75%, 07/01/2037		305,000		315,791
Series D, AGM,
4.13%, 07/01/2020		80,000		80,070
Puerto Rico Commonwealth Aqueduct & Sewer Authority, Revenue Bonds,
Series A, AGC,
5.13%, 07/01/2047		470,000		484,321
Puerto Rico Convention Center District Authority, Revenue Bonds
Series A, AGC,
4.50%, 07/01/2036		1,765,000		1,770,101
5.00%, 07/01/2027		535,000		549,654
Puerto Rico Electric Power Authority, Revenue Bonds
Series DDD, AGM,
3.65%, 07/01/2024		620,000		620,006
5.00%, 07/01/2023		40,000		40,879
Series RR, AGC,
5.00%, 07/01/2028		345,000		354,412
Series RR, AGM,
5.00%, 07/01/2020		1,075,000		1,089,125
Series SS, AGC,
4.38%, 07/01/2030		145,000		145,377
Series SS, AGM,
5.00%, 07/01/2030		2,100,000		2,150,526
Series TT, AGC-ICC,
5.00%, 07/01/2032		50,000		51,129
Series UU, AGC,
4.25%, 07/01/2027		20,000		20,044
5.00%, 07/01/2026		650,000		667,888
Series UU, AGM,
4.00%, 07/01/2023		120,000		120,054
5.00%, 07/01/2020 - 07/01/2024		1,185,000		1,212,750
Series V, AGM,
5.25%, 07/01/2027		80,000		87,658

The notes are an integral part of this report. Transamerica Funds Page    21

Transamerica Intermediate Muni

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Puerto Rico (continued)
Puerto Rico Highway & Transportation Authority, Revenue Bonds
AGC-ICC,
5.00%, 07/01/2028		$   30,000		$   30,818
Series A, AGC-ICC,
4.75%, 07/01/2038		185,000		186,369
Series A, AGM-CR,
4.75%, 07/01/2038		385,000		387,849
Series CC, AGM,
5.25%, 07/01/2032 - 07/01/2036		495,000		547,861
Series CC, AGM-CR,
5.50%, 07/01/2029 - 07/01/2031		160,000		180,237
Series D, AGM,
5.00%, 07/01/2027 - 07/01/2032		3,575,000		3,659,956
Series E, AGM,
5.50%, 07/01/2020 - 07/01/2023		185,000		195,440
Series M, AGC-ICC,
5.00%, 07/01/2032 - 07/01/2037		1,175,000		1,190,626
Series N, AGC,
5.25%, 07/01/2034 - 07/01/2036		260,000		287,191
Series N, AGM-CR, AGC,
5.25%, 07/01/2034		335,000		370,932
Series N, AGM-CR, AGC-ICC,
5.50%, 07/01/2025		95,000		104,370
Puerto Rico Infrastructure Financing Authority, Revenue Bonds,
Series B, AGC-ICC,
5.00%, 07/01/2041		35,000		35,530
Puerto Rico Municipal Finance Agency, Revenue Bonds
Series A, AGM,
4.20%, 08/01/2020		85,000		85,080
5.00%, 08/01/2019 - 08/01/2030		2,680,000		2,736,714
5.25%, 08/01/2020		105,000		106,636
Series C, AGC,
5.25%, 08/01/2020		110,000		112,435
Puerto Rico Public Buildings Authority, Revenue Bonds
AGC-ICC,
5.25%, 07/01/2033		275,000		283,357
Series I, AGC-ICC,
5.00%, 07/01/2036		495,000		504,573
Series L, AGM-CR,
5.50%, 07/01/2021		125,000		129,191
Series N, AGC-ICC,
5.00%, 07/01/2032		200,000		204,516
				26,448,802
Rhode Island - 1.6%
Providence Public Building Authority, Revenue Bonds
Series A, AGM,
5.00%, 09/15/2024 - 09/15/2037		14,660,000		17,644,423
Providence Redevelopment Agency, Revenue Bonds
Series A, AGM,
5.00%, 04/01/2025		580,000		678,229
Series A, AGM-CR,
5.00%, 04/01/2027		1,250,000		1,459,937
Rhode Island Health & Educational Building Corp., Revenue Bonds
5.00%, 05/15/2028 - 05/15/2029		2,425,000		2,858,177
AGM,
4.00%, 05/15/2024		600,000		667,746
Series C,
5.00%, 09/15/2027		180,000		218,835

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Rhode Island (continued)
Rhode Island Turnpike & Bridge Authority, Revenue Bonds,
Series A,
5.00%, 10/01/2024		$   130,000		$   152,585
Tobacco Settlement Financing Corp., Revenue Bonds
Series A,
5.00%, 06/01/2023 - 06/01/2027		1,210,000		1,380,704
Town of West Warwick, General Obligation Unlimited,
Series A, BAM,
5.00%, 10/01/2019		165,000		165,904
				25,226,540
South Carolina - 0.3%
City of Georgetown Combined Public Utility Revenue, Revenue Bonds,
Series A, BAM,
4.00%, 06/01/2029		385,000		433,568
Piedmont Municipal Power Agency, Revenue Bonds,
AGC,
5.75%, 01/01/2034		200,000		215,866
SGAGO Educational Facilities Corp. for Williamsburg School District, Revenue Bonds
Series B, BAM,
5.00%, 12/01/2024 - 12/01/2025		500,000		592,569
South Carolina Jobs-Economic Development Authority, Revenue Bonds,
5.00%, 10/01/2026 (A)		3,050,000		3,311,354
South Carolina Public Service Authority, Revenue Bonds,
Series A, AGM-CR,
5.00%, 12/01/2036		125,000		133,788
South Carolina State Housing Finance & Development Authority, Revenue Bonds,
GNMA, FNMA, FHLMC,
2.00%, 07/01/2020		75,000		75,557
State of South Carolina, General Obligation Unlimited,
3.00%, 04/01/2026		200,000		200,250
				4,962,952
South Dakota - 0.7%
South Dakota Housing Development Authority, Revenue Bonds
Series B, GNMA, FNMA, FHLMC,
2.20%, 11/01/2024		665,000		691,560
2.30%, 05/01/2025		325,000		335,751
2.45%, 11/01/2025		290,000		306,692
2.55%, 05/01/2026		1,860,000		1,982,053
2.65%, 11/01/2026		330,000		354,757
2.75%, 05/01/2027		970,000		1,046,213
2.80%, 11/01/2027		1,330,000		1,430,428
2.85%, 05/01/2028		1,210,000		1,299,806
2.95%, 11/01/2028		440,000		472,107
Series C,
2.00%, 05/01/2023		20,000		20,359
Series F, GNMA, FNMA, FHLMC,
2.60%, 05/01/2027		860,000		901,908
2.65%, 11/01/2027		1,285,000		1,345,626
2.70%, 05/01/2028		390,000		409,009
2.75%, 11/01/2028		1,425,000		1,497,874
				12,094,143

The notes are an integral part of this report. Transamerica Funds Page    22

Transamerica Intermediate Muni

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Tennessee - 1.9%
Chattanooga Health Educational & Housing Facility Board, Revenue Bonds,
5.00%, 10/01/2027		$   675,000		$   781,927
City of Jackson, Revenue Bonds,
5.00%, 04/01/2041		175,000		207,153
Greeneville Health & Educational Facilities Board, Revenue Bonds,
Series A,
5.00%, 07/01/2034		3,000,000		3,343,290
Knox County Health Educational & Housing Facility Board, Revenue Bonds,
Series A,
5.00%, 01/01/2026		100,000		119,934
Tennessee Housing Development Agency, Revenue Bonds
2.45%, 01/01/2024		260,000		273,330
2.75%, 01/01/2025		40,000		43,024
2.80%, 07/01/2025		280,000		301,756
2.95%, 01/01/2026		45,000		48,902
3.00%, 01/01/2031		450,000		470,759
Series 1C,
2.35%, 07/01/2021		1,075,000		1,094,264
Series 2B,
2.30%, 01/01/2022		285,000		290,694
2.55%, 01/01/2028		340,000		351,465
2.70%, 07/01/2024		195,000		203,713
Series B2,
2.05%, 01/01/2024		890,000		903,483
2.15%, 07/01/2024		265,000		272,404
2.25%, 01/01/2025		1,000,000		1,045,800
2.40%, 07/01/2025		2,000,000		2,113,680
2.55%, 01/01/2026		120,000		128,090
2.60%, 07/01/2026		800,000		838,424
2.80%, 07/01/2027		2,270,000		2,389,788
2.85%, 01/01/2028		3,205,000		3,367,942
2.95%, 07/01/2028		2,655,000		2,802,406
3.00%, 01/01/2029		2,750,000		2,904,440
3.05%, 07/01/2029		3,100,000		3,275,553
3.15%, 01/01/2030		2,820,000		2,989,228
				30,561,449
Texas - 3.6%
Arlington Higher Education Finance Corp., Revenue Bonds,
Series A,
3.80%, 08/15/2026		350,000		354,105
Bexar County Health Facilities Development Corp., Revenue Bonds
5.00%, 07/15/2023 - 07/15/2026		650,000		735,711
Board of Managers Joint Guadalupe County-City of Seguin Hospital, Revenue Bonds
5.00%, 12/01/2019 - 12/01/2022		4,560,000		4,779,540
Camino Real Regional Mobility Authority, Revenue Bonds,
AGM,
5.00%, 06/01/2024		420,000		490,069
Centerville Independent School District, General Obligation Unlimited,
4.00%, 08/15/2036		535,000		552,168
Central Texas Turnpike System, Revenue Bonds,
AGM-CR,
5.00%, 08/15/2041		125,000		136,110

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Texas (continued)
City of Arlington, Special Tax,
Series C, BAM,
5.00%, 02/15/2045		$   95,000		$   99,268
City of Bryan Rural Electric System Revenue, Revenue Bonds,
5.00%, 07/01/2025		30,000		36,099
City of Dallas, Revenue Bonds,
AGC,
5.25%, 08/15/2038		280,000		280,778
City of Laredo International Toll Bridge System Revenue, Revenue Bonds,
AGM,
5.00%, 10/01/2022		90,000		99,855
City of Pearland, General Obligation Limited,
5.00%, 03/01/2023		25,000		28,289
City of Westworth Village, General Obligation Limited,
BAM,
3.00%, 08/15/2019		35,000		35,025
Clifton Higher Education Finance Corp., Revenue Bonds,
Series A,
5.00%, 08/15/2034		775,000		916,251
Colorado River Municipal Water District, Revenue Bonds,
5.00%, 01/01/2023		760,000		855,486
County of Denton, General Obligation Limited,
4.00%, 07/15/2029		50,000		56,403
Dallas County Flood Control District No. 1, General Obligation Unlimited
5.00%, 04/01/2020 - 04/01/2024 (A)		5,595,000		5,976,007
Dallas/Fort Worth International Airport, Revenue Bonds
Series A,
5.00%, 11/01/2045		50,000		52,197
Series C,
5.00%, 11/01/2034		40,000		45,460
Del Mar College District, General Obligation Limited,
3.50%, 08/15/2019		100,000		100,085
Denton County Fresh Water Supply District No. 10, General Obligation Unlimited,
AGM,
2.75%, 09/01/2030		80,000		81,676
El Paso County Hospital District, General Obligation Limited
5.00%, 08/15/2020 - 08/15/2026		445,000		477,716
Fort Bend County Levee Improvement District No. 15, General Obligation Unlimited
BAM,
4.00%, 09/01/2029 - 09/01/2032		380,000		410,351
Fort Bend County Levee Improvement District No. 17, General Obligation Unlimited,
AGM,
4.70%, 09/01/2035		50,000		51,228
Fort Bend County Municipal Utility District No. 23, General Obligation Unlimited,
BAM,
3.00%, 09/01/2019		60,000		60,078
Fort Bend County Municipal Utility District No. 30, General Obligation Unlimited,
BAM,
4.00%, 09/01/2036		150,000		158,330

The notes are an integral part of this report. Transamerica Funds Page    23

Transamerica Intermediate Muni

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Texas (continued)
Grand Parkway Transportation Corp., Revenue Bonds,
Series B,
5.00%, 04/01/2053		$   25,000		$   27,775
Grant Road Public Utility District, General Obligation Unlimited,
AGC,
3.50%, 10/01/2023		750,000		751,335
Harris County Cultural Education Facilities Finance Corp., Revenue Bonds,
Series A,
4.38%, 11/15/2021		20,000		20,190
Harris County Municipal Utility District No. 399, General Obligation Unlimited
AGM,
4.00%, 09/01/2032 - 09/01/2034		805,000		855,553
Harris County Municipal Utility District No. 412, General Obligation Unlimited,
MAC,
3.00%, 09/01/2021		100,000		103,104
Harris County Municipal Utility District No. 419, General Obligation Unlimited,
AGM,
4.00%, 09/01/2031		40,000		42,760
Harris County-Houston Sports Authority, Revenue Bonds
NATL,
Zero Coupon, 11/15/2024		400,000		356,814
Houston Higher Education Finance Corp., Revenue Bonds,
5.00%, 08/15/2024		490,000		575,162
Hunt Memorial Hospital District, General Obligation Limited,
5.00%, 02/15/2024		15,000		17,190
Kingsbridge Municipal Utility District, General Obligation Unlimited,
AGM,
3.50%, 03/01/2027		695,000		696,439
Laredo Independent School District, General Obligation Unlimited,
5.00%, 08/01/2019		75,000		75,000
Love Field Airport Modernization Corp., Revenue Bonds,
5.25%, 11/01/2040		15,000		15,570
Lower Colorado River Authority, Revenue Bonds,
5.00%, 05/15/2020		35,000		36,054
Metropolitan Transit Authority of Harris County, Revenue Bonds,
Series A,
5.00%, 11/01/2020		40,000		40,389
Montgomery County Municipal Utility District No. 113, General Obligation Unlimited
AGM,
3.00%, 09/01/2030 - 09/01/2033		525,000		535,442
Montgomery County Municipal Utility District No. 119, General Obligation Unlimited,
BAM,
4.00%, 04/01/2024		275,000		301,689
New Hope Cultural Education Facilities Finance Corp., Revenue Bonds
3.00%, 07/01/2021		555,000		549,594
4.00%, 07/01/2023 - 07/01/2028		2,355,000		2,371,693
5.00%, 01/01/2022 - 01/01/2028		3,835,000		4,197,999

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Texas (continued)
New Hope Cultural Education Facilities Finance Corp., Revenue Bonds (continued)
Series A1,
4.00%, 07/01/2021 - 07/01/2036		$   2,255,000		$   2,424,090
5.00%, 07/01/2031 - 07/01/2046		1,635,000		1,886,450
Series B,
4.00%, 07/01/2021 - 07/01/2031		2,785,000		2,965,301
4.25%, 07/01/2036		885,000		957,623
Series B1, AGM,
5.00%, 07/01/2058		750,000		849,420
Series C,
5.00%, 07/01/2022 - 07/01/2026		635,000		694,247
North Central Texas Health Facility Development Corp., Revenue Bonds,
5.00%, 08/15/2022		90,000		99,984
North East Independent School District, General Obligation Unlimited,
Series B,
Fixed until 08/01/2021, 1.42% (D), 08/01/2040		5,755,000		5,749,130
Northeast Higher Education Finance Corp., Revenue Bonds,
Series A,
4.00%, 08/15/2025		95,000		104,128
Northwest Harris County Municipal Utility District No. 19, General Obligation Unlimited,
BAM,
3.00%, 10/01/2028		50,000		51,090
Northwoods Road District No. 1, General Obligation Unlimited
BAM,
4.00%, 08/15/2024 - 08/15/2027		405,000		459,350
Orange Grove Independent School District, General Obligation Unlimited,
4.00%, 08/15/2025		240,000		240,254
Pottsboro Higher Education Finance Corp., Revenue Bonds,
Series A,
3.88%, 08/15/2026		415,000		430,662
Tarrant County Cultural Education Facilities Finance Corp., Revenue Bonds,
Series B, AGC,
4.50%, 09/01/2019		65,000		65,171
Texas Public Finance Authority, Revenue Bonds,
BAM,
4.00%, 05/01/2029		150,000		165,555
Travis County Municipal Utility District No. 4, General Obligation Unlimited,
AGM,
4.00%, 09/01/2035		450,000		474,372
Trophy Club Public Improvement District No. 1, Special Assessment,
AGM,
3.00%, 06/01/2024		98,000		103,349
University of Houston, Revenue Bonds,
Series A,
5.00%, 02/15/2024		40,000		42,325
University of Texas System, Revenue Bonds,
Series B,
Fixed until 08/15/2021, 2.50% (D), 08/15/2036		9,290,000		9,362,648

The notes are an integral part of this report. Transamerica Funds Page    24

Transamerica Intermediate Muni

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Texas (continued)
Viridian Municipal Management District, General Obligation Unlimited
BAM,
6.00%, 12/01/2024 - 12/01/2031		$   1,785,000		$   2,192,154
Washington County Junior College District, Revenue Bonds,
BAM,
5.00%, 10/01/2024		485,000		569,788
				58,325,128
U. S. Virgin Islands - 0.0% (F)
Virgin Islands Public Finance Authority, Revenue Bonds,
Series A, AGM-CR,
5.00%, 10/01/2032 (B)		200,000		217,552
Utah - 0.5%
City of South Jordan, Special Assessment,
3.13%, 11/01/2036		2,285,000		2,350,534
Jordan Valley Water Conservancy District, Revenue Bonds
Series A,
5.00%, 10/01/2034 - 10/01/2035		970,000		1,043,262
Utah Charter School Finance Authority, Revenue Bonds
4.00%, 10/15/2021 - 10/15/2031		890,000		966,957
4.25%, 04/15/2034		120,000		129,191
4.30%, 04/15/2025 (A)		500,000		503,600
Series A,
5.00%, 10/15/2024 - 10/15/2025		1,035,000		1,208,437
Series G,
4.00%, 10/15/2022 - 10/15/2028		1,110,000		1,234,798
				7,436,779
Vermont - 0.7%
City of Burlington, General Obligation Unlimited
Series A,
5.00%, 11/01/2034 - 11/01/2037		600,000		733,974
Series A, AGM,
5.00%, 11/01/2032 - 11/01/2035		1,105,000		1,213,944
City of Burlington Waterworks System Revenue, Revenue Bonds
5.00%, 11/01/2034 - 11/01/2037		445,000		544,907
Vermont Educational & Health Buildings Financing Agency, Revenue Bonds
Series A,
5.00%, 12/01/2026 - 12/01/2027		1,175,000		1,426,638
Vermont Housing Finance Agency, Revenue Bonds
Series A, GNMA, FNMA, FHLMC,
3.13%, 11/01/2042		950,000		958,502
Series D, GNMA, FNMA, FHLMC,
2.60%, 11/01/2026		350,000		375,312
2.90%, 05/01/2029		295,000		310,992
3.15%, 05/01/2033		2,045,000		2,118,538
Vermont Public Power Supply Authority, Revenue Bonds
Series A,
4.00%, 07/01/2020 - 07/01/2021		315,000		325,115
5.00%, 07/01/2022 - 07/01/2028		3,425,000		3,932,980
				11,940,902

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Virginia - 0.2%
Alexandria Industrial Development Authority, Revenue Bonds
4.00%, 10/01/2019 - 10/01/2020		$   990,000		$   1,008,070
Henrico County Economic Development Authority, Revenue Bonds,
Series C,
3.50%, 12/01/2027		445,000		458,960
Virginia Housing Development Authority, Revenue Bonds
Series B,
1.20%, 11/01/2019		370,000		369,978
Series E,
2.30%, 12/01/2026		55,000		57,005
2.45%, 12/01/2027		830,000		869,632
2.60%, 12/01/2028		800,000		838,960
				3,602,605
Washington - 0.8%
Central Puget Sound Regional Transit Authority, Revenue Bonds,
NATL,
4.75%, 02/01/2028		50,000		55,730
Port of Vancouver, Revenue Bonds,
Series B, AGM,
5.00%, 12/01/2048		930,000		1,117,720
Public Utility District No. 1 of Cowlitz County, Revenue Bonds,
5.00%, 09/01/2019		155,000		155,477
Seattle Housing Authority, Revenue Bonds,
Series A,
3.40%, 12/01/2032		450,000		476,316
Washington Health Care Facilities Authority, Revenue Bonds
Series A,
5.00%, 10/01/2019 - 08/15/2020		60,000		61,527
Series B,
5.00%, 10/01/2026		75,000		92,334
Washington State Housing Finance Commission, Revenue Bonds
3.20%, 07/01/2021 (A)		260,000		260,894
3.70%, 07/01/2023 (A)		165,000		168,460
5.00%, 07/01/2033 (A)		375,000		411,757
Series 2N, GNMA, FNMA, FHLMC,
2.20%, 12/01/2025		90,000		93,854
2.35%, 06/01/2026		175,000		181,963
Series 3N, GNMA, FNMA, FHLMC,
2.25%, 06/01/2024		780,000		811,434
2.30%, 12/01/2024		595,000		621,055
2.40%, 06/01/2025		810,000		850,581
2.45%, 12/01/2025		565,000		594,194
2.60%, 06/01/2026		845,000		897,787
2.65%, 12/01/2026		620,000		661,869
2.70%, 06/01/2027		785,000		842,109
2.75%, 12/01/2027		805,000		864,707
2.80%, 06/01/2028		925,000		991,637
2.85%, 12/01/2028		640,000		686,669
3.25%, 12/01/2032		1,500,000		1,575,825
Series 3N-R, GNMA, FNMA, FHLMC,
2.05%, 12/01/2022		645,000		661,377
				13,135,276

The notes are an integral part of this report. Transamerica Funds Page    25

Transamerica Intermediate Muni

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
West Virginia - 0.2%
City of Buckhannon, Revenue Bonds
Series C,
4.25%, 08/01/2022 - 08/01/2023		$   1,090,000		$   1,090,753
West Virginia Economic Development Authority, Revenue Bonds,
Fixed until 06/01/2022, 2.63% (D), 12/01/2042		1,000,000		1,020,990
West Virginia Housing Development Fund, Revenue Bonds,
Series B,
3.70%, 11/01/2032		1,500,000		1,608,150
				3,719,893
Wisconsin - 1.1%
Central Brown County Water Authority, Revenue Bonds,
Series A,
5.00%, 11/01/2019		50,000		50,464
Milwaukee Housing Authority, Revenue Bonds,
Series A,
3.38%, 07/01/2029		200,000		212,578
Public Finance Authority, Revenue Bonds
Series A,
5.00%, 06/01/2027 - 07/01/2038		725,000		834,004
Series A, AGM,
5.00%, 07/01/2036 - 07/01/2044		1,130,000		1,322,376
Wisconsin Health & Educational Facilities Authority, Revenue Bonds
3.50%, 08/01/2022		1,000,000		1,010,800
5.00%, 08/15/2022 - 08/01/2032		2,325,000		2,664,800
Class B,
4.25%, 07/01/2033		1,250,000		1,291,637
5.00%, 07/01/2053		1,000,000		1,064,270
Series A,
5.25%, 10/15/2039		15,000		16,018
Series A1,
5.00%, 07/01/2038		5,000,000		5,535,500
Series B-4,
Fixed until 06/01/2021, 5.00% (D), 11/15/2043		105,000		111,944
Wisconsin Housing & Economic Development Authority, Revenue Bonds,
Series B, FNMA,
3.15%, 09/01/2030		3,885,000		3,905,357
				18,019,748
Wyoming - 0.3%
Wyoming Community Development Authority, Revenue Bonds,
Series 2,
2.95%, 06/01/2033		3,860,000		3,930,252
Wyoming Municipal Power Agency, Inc., Revenue Bonds,
Series A, BAM,
5.00%, 01/01/2042		235,000		272,490
				4,202,742
Total Municipal Government Obligations (Cost $1,521,283,209)				1,574,536,782

	Shares		Value
INVESTMENT COMPANIES - 0.4%
U.S. Fixed Income Funds - 0.4%
Nuveen AMT-Free Quality Municipal Income Fund		143,394		$   2,027,591
ProShares UltraShort 20+ Year Treasury Bond		150,000		4,323,000
Putnam Managed Municipal Income Trust		22,000		173,800
Total Investment Companies (Cost $6,540,002)				6,524,391
	Principal		Value
REPURCHASE AGREEMENT - 2.5%
Fixed Income Clearing Corp., 1.45% (H), dated 07/31/2019, to be repurchased at $41,161,091 on 08/01/2019. Collateralized by a U.S. Government Obligation, 2.50%, due 02/28/2021, and with a value of $41,986,821.		$  41,159,433		41,159,433
Total Repurchase Agreement (Cost $41,159,433)				41,159,433
Total Investments (Cost $1,568,982,644)				1,622,220,606
Net Other Assets (Liabilities) - 0.3%				4,979,400
Net Assets - 100.0%				$  1,627,200,006

The notes are an integral part of this report. Transamerica Funds Page    26

Transamerica Intermediate Muni

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

SECURITY VALUATION:

Valuation Inputs ^(I)

	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Municipal Government Obligations	$	—	$	1,574,536,782	$	—	$	1,574,536,782
Investment Companies		6,524,391		—		—		6,524,391
Repurchase Agreement		—		41,159,433		—		41,159,433
Total Investments	$	6,524,391	$	1,615,696,215	$	—	$	1,622,220,606

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)

Securities are registered pursuant to Rule 144A of the Securities Act of 1933. Unless otherwise indicated, the securities are deemed to be liquid for purposes of compliance limitations on holdings of illiquid securities and may be resold as transactions exempt from registration, normally to qualified institutional buyers. At July 31, 2019, the total value of 144A securities is $41,439,879, representing 2.5% of the Fund’s net assets.

(B)

Restricted securities. At July 31, 2019, the value of such securities held by the Fund are as follows:

Investments	Description	Acquisition Date		Acquisition Cost		Value		Value as Percentage of Net Assets
Municipal Government Obligations	BluePath Trust Revenue Bonds 2.75%, 09/01/2026		06/27/2016	$	4,808,357	$	4,963,754		0.3	%
Municipal Government Obligations	Centerra Metropolitan District No. 1 Tax Allocation 2.70%, 12/01/2019		04/20/2017		268,004		268,351		0.0	(F)
Municipal Government Obligations	Virgin Islands Public Finance Authority Revenue Bonds Series A, AGM-CR 5.00%, 10/01/2032		06/27/2017 - 02/01/2018		209,129		217,552		0.0	(F)
Total				$	5,285,490	$	5,449,657		0.3	%

(C)	When-issued, delayed-delivery and/or forward commitment (including TBAs) securities. Securities to be settled and delivered after July 31, 2019. Securities may display a coupon rate of 0.00%, as the rate is to be determined at time of settlement.
(D)	Floating or variable rate securities. The rates disclosed are as of July 31, 2019. 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.
(E)	Step bond. Coupon rate changes in increments to maturity. The rate disclosed is as of July 31, 2019; the maturity date disclosed is the ultimate maturity date.
(F)	Percentage rounds to less than 0.1% or (0.1)%.
(G)	Security in default; partial receipt of interest payments and/or dividends declared at last payment date. At July 31, 2019, the value of this security is $415,962, representing less than 0.1% of the Fund’s net assets.
(H)	Rate disclosed reflects the yield at July 31, 2019.
(I)	There were no transfers in or out of Level 3 during the period ended July 31, 2019. Please reference the Security Valuation section of the Notes to Schedules of Investments for more information regarding security valuation and pricing inputs.

MUNICIPAL INSURER ABBREVIATIONS:

AGC	Assured Guaranty Corp.
AGM	Assured Guaranty Municipal Corp.
AMBAC	AMBAC Financial Group, Inc.
BAM	Build America Mutual Assurance Co.
FGIC	Financial Guaranty Insurance Co.
FHA	Federal Housing Administration
FHLMC	Federal Home Loan Mortgage Corp.
FNMA	Federal National Mortgage Association
GNMA	Government National Mortgage Association
MAC	Municipal Assurance Corp.
NATL	National Public Finance Guarantee Corp.
XLCA	Syncora (formerly XL Capital Assurance, Inc.)

The notes are an integral part of this report. Transamerica Funds Page    27

Transamerica Intermediate Muni

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

PORTFOLIO ABBREVIATIONS:

AMT	Interest earned from these securities may be considered a tax preference item for purposes of the Federal Alternative Minimum Tax.
CR	Custodial Receipts
IBC	Insured Bond Certificate
ICC	Insured Custody Certificate
TCRS	Temporary Custodian Receipts

The notes are an integral part of this report. Transamerica Funds Page    28

Transamerica International Equity

SCHEDULE OF INVESTMENTS

At July 31, 2019

(unaudited)

	Shares		Value
COMMON STOCKS - 99.5%
Australia - 3.3%
BHP Group PLC, ADR		243,169		$  11,608,888
Challenger, Ltd. (A)		3,785,539		18,236,483
Macquarie Group, Ltd.		593,800		51,968,766
Qantas Airways, Ltd.		12,690,770		49,405,004
Santos, Ltd.		4,880,500		24,047,043
				155,266,184
Belgium - 2.1%
Groupe Bruxelles Lambert SA		510,820		48,157,387
KBC Group NV		760,400		48,892,042
				97,049,429
Brazil - 1.0%
Embraer SA, ADR		2,398,875		48,457,275
China - 0.6%
Baidu, Inc., ADR (B)		260,300		29,075,510
Denmark - 1.1%
AP Moller - Maersk A/S, Class B (A)		41,035		46,076,070
Drilling Co. of 1972 A/S (B)		82,070		5,567,735
				51,643,805
France - 8.3%
Airbus SE		96,500		13,641,323
Arkema SA		420,560		37,852,736
Dassault Aviation SA		2,910		3,994,500
Engie SA		5,302,400		81,601,234
Rexel SA		1,900,617		21,222,229
Sanofi		909,801		75,815,400
TOTAL SA		996,200		51,633,226
Veolia Environnement SA		2,712,651		68,456,041
Vivendi SA		1,287,124		35,749,919
				389,966,608
Germany - 12.9%
Allianz SE		325,602		75,542,581
Bayer AG		678,852		43,968,549
Deutsche Boerse AG		304,900		42,326,967
Fresenius SE & Co. KGaA		1,172,800		58,601,711
HeidelbergCement AG		1,061,900		76,687,693
Infineon Technologies AG		3,104,927		57,509,975
Merck KGaA		437,600		44,632,503
SAP SE		567,647		69,386,903
Siemens AG		677,395		73,723,140
Talanx AG (B)		711,984		29,876,733
TUI AG		3,398,730		33,672,451
				605,929,206
Hong Kong - 3.4%
China Mobile, Ltd.		4,703,800		40,002,873
CK Asset Holdings, Ltd.		6,148,500		46,231,385
CK Hutchison Holdings, Ltd.		7,872,300		73,566,474
				159,800,732
Ireland - 3.1%
AIB Group PLC		9,300,000		31,914,823
DCC PLC		557,731		47,032,706

	Shares		Value
COMMON STOCKS (continued)
Ireland (continued)
Ryanair Holdings PLC, ADR (B)		214,772		$   13,343,784
Smurfit Kappa Group PLC		1,783,915		56,124,977
				148,416,290
Italy - 2.7%
Eni SpA		3,626,315		56,647,749
Mediobanca Banca di Credito Finanziario SpA		4,189,492		41,962,102
Prysmian SpA (A)		1,458,822		30,032,212
				128,642,063
Japan - 26.2%
Astellas Pharma, Inc.		4,046,900		57,352,232
Daiwa Securities Group, Inc.		9,896,700		42,669,976
Denka Co., Ltd.		1,035,280		29,793,723
FANUC Corp.		267,000		47,452,952
Fujitsu, Ltd.		387,660		30,252,354
Hitachi, Ltd.		1,973,580		69,972,884
Japan Airlines Co., Ltd.		1,585,000		49,634,743
JXTG Holdings, Inc.		14,886,800		70,054,698
Kirin Holdings Co., Ltd.		1,568,200		34,011,523
Kuraray Co., Ltd.		3,460,400		40,925,421
Kyocera Corp.		681,600		41,541,652
Matsumotokiyoshi Holdings Co., Ltd.		259,000		8,621,305
MS&AD Insurance Group Holdings, Inc.		902,600		29,585,943
Nintendo Co., Ltd.		68,700		25,274,229
Olympus Corp.		3,927,600		42,822,124
ORIX Corp.		5,622,300		80,241,067
Rakuten, Inc.		3,624,900		36,971,109
Sega Sammy Holdings, Inc.		3,288,400		42,154,047
Seven & i Holdings Co., Ltd.		2,264,600		77,286,133
SoftBank Group Corp.		381,000		19,453,156
Sony Corp.		1,941,900		110,443,452
Square Enix Holdings Co., Ltd.		921,700		31,438,901
Sumitomo Mitsui Financial Group, Inc.		2,484,800		86,892,895
Toshiba Corp.		2,375,850		75,805,529
Toyota Industries Corp.		1,088,400		56,503,637
				1,237,155,685
Luxembourg - 0.8%
ArcelorMittal		2,426,135		38,487,576
Netherlands - 5.9%
ASML Holding NV		197,700		44,052,354
EXOR NV		216,500		15,077,350
Heineken Holding NV		717,385		72,490,196
Koninklijke Philips NV		1,832,427		85,960,351
NXP Semiconductors NV		578,000		59,759,420
				277,339,671
Norway - 0.9%
Mowi ASA		1,836,400		44,134,001
Republic of Korea - 0.7%
Samsung Electronics Co., Ltd.		827,100		31,326,169
Singapore - 1.4%
DBS Group Holdings, Ltd.		3,526,200		67,233,435
Spain - 0.8%
Siemens Gamesa Renewable Energy SA		2,772,400		38,793,053
Sweden - 0.7%
Investor AB, B Shares		643,972		30,618,619

The notes are an integral part of this report. Transamerica Funds Page    1

Transamerica International Equity

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Switzerland - 7.6%
ABB, Ltd.		3,424,000		$   64,635,370
Glencore PLC (B)		5,679,600		18,213,446
Nestle SA		1,051,564		111,557,454
Novartis AG		1,093,015		100,228,189
UBS Group AG (B)		5,818,574		64,945,957
				359,580,416
United Kingdom - 14.4%
Aviva PLC		13,987,401		68,672,765
Barratt Developments PLC		3,751,900		29,291,923
British Land Co. PLC, REIT		7,245,000		44,725,790
HSBC Holdings PLC		5,876,200		47,281,759
IG Group Holdings PLC		2,284,400		15,878,789
Imperial Brands PLC		2,460,994		62,460,128
Inchcape PLC		4,548,896		34,461,726
Informa PLC		3,676,651		38,927,455
Persimmon PLC		1,263,700		30,832,488
Savills PLC		1,319,591		15,230,880
TechnipFMC PLC		2,057,163		56,654,269
Tesco PLC		24,782,100		67,127,434
Unilever PLC		999,658		60,141,579
Vodafone Group PLC		38,955,520		70,898,344
Whitbread PLC		657,000		36,091,242
				678,676,571
United States - 1.6%
Allergan PLC		466,300		74,841,150
Total Common Stocks (Cost $4,756,941,519)				4,692,433,448

	Shares		Value
OTHER INVESTMENT COMPANY - 0.3%
Securities Lending Collateral - 0.3%
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 2.32% (C)		14,691,059		$   14,691,059
Total Other Investment Company (Cost $14,691,059)				14,691,059
	Principal		Value
REPURCHASE AGREEMENT - 0.3%
Fixed Income Clearing Corp., 1.45% (C), dated 07/31/2019, to be repurchased at $13,426,375 on 08/01/2019. Collateralized by a U.S. Government Obligation, 2.50%, due 02/28/2021, and with a value of $13,694,900.		$  13,425,834		13,425,834
Total Repurchase Agreement (Cost $13,425,834)				13,425,834
Total Investments (Cost $4,785,058,412)				4,720,550,341
Net Other Assets (Liabilities) - (0.1)%				(4,427,355	)
Net Assets - 100.0%				$  4,716,122,986

INVESTMENTS BY INDUSTRY:

Industry	Percentage of Total Investments			Value
Pharmaceuticals		8.4	%		$    396,838,023
Banks		6.9			324,177,056
Industrial Conglomerates		5.7			270,127,849
Capital Markets		4.6			217,790,455
Insurance		4.3			203,678,022
Oil, Gas & Consumable Fuels		4.3			202,382,716
Diversified Financial Services		4.1			192,330,906
Household Durables		3.6			170,567,863
Semiconductors & Semiconductor Equipment		3.4			161,321,749
Food Products		3.3			155,691,455
Food & Staples Retailing		3.2			153,034,872
Multi-Utilities		3.2			150,057,275
Electrical Equipment		2.8			133,460,635
Wireless Telecommunication Services		2.8			130,354,373
Health Care Equipment & Supplies		2.7			128,782,475
Airlines		2.4			112,383,531
Electronic Equipment, Instruments & Components		2.4			111,514,536
Chemicals		2.3			108,571,880
Beverages		2.3			106,501,719
Entertainment		2.0			92,463,049
Construction Materials		1.6			76,687,693
Hotels, Restaurants & Leisure		1.5			69,763,693
Software		1.5			69,386,903
Metals & Mining		1.4			68,309,910

The notes are an integral part of this report. Transamerica Funds Page    2

Transamerica International Equity

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

INVESTMENTS BY INDUSTRY (continued):

Industry (continued)	Percentage of Total Investments			Value
Aerospace & Defense		1.4	%		$     66,093,098
Tobacco		1.3			62,460,128
Energy Equipment & Services		1.3			62,222,004
Real Estate Management & Development		1.3			61,462,265
Personal Products		1.3			60,141,579
Health Care Providers & Services		1.2			58,601,711
Auto Components		1.2			56,503,637
Containers & Packaging		1.2			56,124,977
Machinery		1.0			47,452,952
Marine		1.0			46,076,070
Equity Real Estate Investment Trusts		0.9			44,725,790
Leisure Products		0.9			42,154,047
Media		0.8			38,927,455
Internet & Direct Marketing Retail		0.8			36,971,109
Distributors		0.7			34,461,726
Technology Hardware, Storage & Peripherals		0.7			31,326,169
IT Services		0.6			30,252,354
Interactive Media & Services		0.6			29,075,510
Trading Companies & Distributors		0.5			21,222,229
Investments		99.4			4,692,433,448
Short-Term Investments		0.6			28,116,893
Total Investments		100.0	%		$    4,720,550,341

SECURITY VALUATION:

Valuation Inputs ^(D)

	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Common Stocks	$	293,740,296	$	4,398,693,152	$	—	$	4,692,433,448
Other Investment Company		14,691,059		—		—		14,691,059
Repurchase Agreement		—		13,425,834		—		13,425,834
Total Investments	$	308,431,355	$	4,412,118,986	$	—	$	4,720,550,341

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	All or a portion of the securities are on loan. The total value of all securities on loan is $13,986,349. 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.
(B)	Non-income producing securities.
(C)	Rates disclosed reflect the yields at July 31, 2019.
(D)	There were no transfers in or out of Level 3 during the period ended July 31, 2019. Please reference the Security Valuation section of the Notes to Schedules of Investments for more information regarding security valuation and pricing inputs.

PORTFOLIO ABBREVIATIONS:

ADR	American Depositary Receipt
REIT	Real Estate Investment Trust

The notes are an integral part of this report. Transamerica Funds Page    3

Transamerica International Growth

SCHEDULE OF INVESTMENTS

At July 31, 2019

(unaudited)

	Shares		Value
COMMON STOCKS - 97.5%
Australia - 1.4%
Northern Star Resources, Ltd.		1,751,361		$  15,410,950
Austria - 1.1%
Erste Group Bank AG (A)		340,200		12,210,699
China - 8.8%
ANTA Sports Products, Ltd.		4,479,200		33,436,928
NetEase, Inc., ADR		57,414		13,252,300
Ping An Insurance Group Co. of China, Ltd., H Shares		1,993,500		23,495,010
Tencent Holdings, Ltd.		548,900		25,574,878
				95,759,116
Finland - 2.0%
Neste OYJ		668,672		22,130,563
France - 9.6%
Airbus SE		94,400		13,344,466
AXA SA		1,302,401		32,805,196
TOTAL SA		541,253		28,053,241
Vinci SA		302,765		31,143,534
				105,346,437
Germany - 4.6%
Bayerische Motoren Werke AG		281,915		20,856,309
Henkel AG & Co. KGaA		147,781		13,884,183
Knorr-Bremse AG		147,379		14,960,728
				49,701,220
Ireland - 5.3%
Kingspan Group PLC		586,893		28,781,303
Smurfit Kappa Group PLC		924,489		29,085,984
				57,867,287
Israel - 2.3%
Nice, Ltd., ADR (A) (B)		162,867		24,873,048
Italy - 3.1%
Enel SpA		4,989,500		34,131,294
Japan - 21.2%
Asahi Group Holdings, Ltd.		656,800		28,449,235
Haseko Corp.		1,988,800		21,544,045
Isuzu Motors, Ltd.		1,123,900		12,436,437
Koito Manufacturing Co., Ltd.		382,000		19,097,447
Minebea Mitsumi, Inc.		1,388,800		23,703,312
Nidec Corp.		99,300		13,277,991
Nippon Telegraph & Telephone Corp.		590,300		26,640,866
Nitori Holdings Co., Ltd.		126,600		17,073,995
Open House Co., Ltd.		344,500		15,008,823
SoftBank Group Corp.		496,000		25,324,844
Sumitomo Mitsui Financial Group, Inc.		325,300		11,375,668
Takeda Pharmaceutical Co., Ltd.		513,442		17,670,563
				231,603,226
Luxembourg - 2.1%
Aroundtown SA		2,836,094		22,625,559
Netherlands - 2.5%
Euronext NV (C)		356,284		27,503,832

	Shares		Value
COMMON STOCKS (continued)
New Zealand - 1.3%
a2 Milk Co., Ltd. (A)		1,250,000		$   14,485,426
Norway - 4.8%
DNB ASA		1,589,895		28,444,173
Equinor ASA		1,323,611		23,732,727
				52,176,900
Republic of Korea - 1.5%
Samsung Electronics Co., Ltd.		421,700		15,971,763
Spain - 1.9%
Banco Santander SA (B)		4,935,831		21,067,473
Sweden - 1.9%
Epiroc AB, Class B		2,026,189		21,059,489
Switzerland - 5.8%
Roche Holding AG		140,009		37,475,518
Swiss Life Holding AG		52,814		25,521,786
				62,997,304
Taiwan - 1.7%
Taiwan Semiconductor Manufacturing Co., Ltd., ADR		447,660		19,083,746
United Kingdom - 14.6%
Ashtead Group PLC		900,368		24,757,561
Beazley PLC		3,182,958		22,229,592
British American Tobacco PLC		570,102		20,314,177
Compass Group PLC		1,399,483		35,407,624
GlaxoSmithKline PLC		1,752,160		36,236,285
Rio Tinto PLC, ADR		364,405		20,800,237
				159,745,476
Total Common Stocks (Cost $1,095,347,323)			1,065,750,808
OTHER INVESTMENT COMPANY - 1.2%
Securities Lending Collateral - 1.2%
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 2.32% (D)		12,683,271		12,683,271
Total Other Investment Company (Cost $12,683,271)			12,683,271
	Principal		Value
REPURCHASE AGREEMENT - 0.7%
Fixed Income Clearing Corp., 1.45% (D), dated 07/31/2019, to be repurchased at $7,423,465 on 08/01/2019. Collateralized by a U.S. Government Obligation, 1.13%, due 02/28/2021, and with a value of $7,576,340.		$  7,423,166		7,423,166
Total Repurchase Agreement (Cost $7,423,166)				7,423,166
Total Investments (Cost $1,115,453,760)				1,085,857,245
Net Other Assets (Liabilities) - 0.6%				6,827,142
Net Assets - 100.0%				$  1,092,684,387

The notes are an integral part of this report. Transamerica Funds Page    1

Transamerica International Growth

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

INVESTMENTS BY INDUSTRY:

Industry	Percentage of Total Investments	Value
Insurance	9.6%		$    104,051,584
Pharmaceuticals	8.4		91,382,366
Oil, Gas & Consumable Fuels	6.8		73,916,531
Banks	6.7		73,098,013
Machinery	5.5		59,723,529
Real Estate Management & Development	3.5		37,634,382
Metals & Mining	3.3		36,211,187
Hotels, Restaurants & Leisure	3.3		35,407,624
Electric Utilities	3.1		34,131,294
Textiles, Apparel & Luxury Goods	3.1		33,436,928
Automobiles	3.1		33,292,746
Construction & Engineering	2.9		31,143,534
Containers & Packaging	2.7		29,085,984
Building Products	2.6		28,781,303
Beverages	2.6		28,449,235
Capital Markets	2.5		27,503,832
Diversified Telecommunication Services	2.4		26,640,866
Interactive Media & Services	2.4		25,574,878
Wireless Telecommunication Services	2.3		25,324,844
Software	2.3		24,873,048
Trading Companies & Distributors	2.3		24,757,561
Household Durables	2.0		21,544,045
Tobacco	1.9		20,314,177
Auto Components	1.8		19,097,447
Semiconductors & Semiconductor Equipment	1.8		19,083,746
Specialty Retail	1.6		17,073,995
Technology Hardware, Storage & Peripherals	1.5		15,971,763
Food Products	1.3		14,485,426
Household Products	1.3		13,884,183
Aerospace & Defense	1.2		13,344,466
Electrical Equipment	1.2		13,277,991
Entertainment	1.2		13,252,300
Investments	98.2		1,065,750,808
Short-Term Investments	1.8		20,106,437
Total Investments	100.0%		$    1,085,857,245

SECURITY VALUATION:

Valuation Inputs ^(E)

	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Common Stocks	$	78,009,331	$	987,741,477	$	—	$	1,065,750,808
Other Investment Company		12,683,271		—		—		12,683,271
Repurchase Agreement		—		7,423,166		—		7,423,166
Total Investments	$	90,692,602	$	995,164,643	$	—	$	1,085,857,245

The notes are an integral part of this report. Transamerica Funds Page    2

Transamerica International Growth

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	Non-income producing securities.
(B)	All or a portion of the securities are on loan. The total value of all securities on loan is $12,358,704. 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.
(C)	Security is registered pursuant to Rule 144A of the Securities Act of 1933. Unless otherwise indicated, the security is deemed to be liquid for purposes of compliance limitations on holdings of illiquid securities and may be resold as transactions exempt from registration, normally to qualified institutional buyers. At July 31, 2019, the value of the 144A security is $27,503,832, representing 2.5% of the Fund’s net assets.
(D)	Rates disclosed reflect the yields at July 31, 2019.
(E)	There were no transfers in or out of Level 3 during the period ended July 31, 2019. Please reference the Security Valuation section of the Notes to Schedules of Investments for more information regarding security valuation and pricing inputs.

PORTFOLIO ABBREVIATION:

ADR American Depositary Receipt

The notes are an integral part of this report. Transamerica Funds Page    3

Transamerica International Small Cap Value

SCHEDULE OF INVESTMENTS

At July 31, 2019

(unaudited)

	Shares		Value
COMMON STOCKS - 97.9%
Australia - 2.9%
BlueScope Steel, Ltd.		326,600		$  2,882,617
Charter Hall Group, REIT		364,532		2,819,123
IMF Bentham, Ltd. (A) (B)		2,547,349		5,949,226
Senex Energy, Ltd. (A)		10,795,700		2,299,604
WPP Aunz, Ltd.		2,830,779		1,258,288
				15,208,858
Belgium - 3.6%
Barco NV		26,862		5,609,740
D’ieteren SA		139,108		6,521,587
Fagron		378,748		6,289,045
				18,420,372
Denmark - 2.2%
Nilfisk Holding A/S (A)		15,895		402,364
NKT A/S (A) (B)		85,874		1,260,906
Scandinavian Tobacco Group A/S, Class A (C)		372,128		3,922,189
Schouw & Co. A/S (B)		76,367		5,694,299
				11,279,758
Finland - 1.0%
Raisio OYJ, V Shares		1,427,483		4,954,003
France - 3.6%
ICADE, REIT		75,800		6,586,985
Kaufman & Broad SA		70,329		2,887,857
Rothschild & Co.		295,719		9,264,318
				18,739,160
Germany - 6.0%
Bertrandt AG		49,309		3,313,314
DIC Asset AG		509,978		5,749,436
Gerresheimer AG		93,900		7,303,722
Hamburger Hafen und Logistik AG		241,040		6,076,397
SAF-Holland SA		476,200		4,923,615
Takkt AG		255,813		3,500,168
				30,866,652
Greece - 0.8%
Motor Oil Hellas Corinth Refineries SA		177,151		4,392,780
Hong Kong - 5.2%
First Pacific Co., Ltd.		9,232,350		3,849,210
Great Eagle Holdings, Ltd.		1,184,693		4,802,043
Kerry Logistics Network, Ltd.		6,869,200		11,777,650
NewOcean Energy Holdings, Ltd. (A)		7,639,020		1,615,291
Pacific Textiles Holdings, Ltd.		6,407,200		5,053,666
				27,097,860
Ireland - 4.3%
Bank of Ireland Group PLC		1,246,100		5,498,642
C&C Group PLC		221,900		1,002,225
Grafton Group PLC		342,500		3,014,113
Greencore Group PLC		1,737,100		4,516,497
Smurfit Kappa Group PLC		263,510		8,290,469
				22,321,946

	Shares		Value
COMMON STOCKS (continued)
Italy - 2.5%
Danieli & C Officine Meccaniche SpA		211,890		$   2,392,536
doValue SpA (C)		209,700		2,637,088
Prysmian SpA (B)		376,252		7,745,756
				12,775,380
Japan - 30.7%
Aida Engineering, Ltd.		359,700		2,847,317
Air Water, Inc.		332,900		5,440,566
Capcom Co., Ltd.		428,400		8,945,297
Chugoku Marine Paints, Ltd.		240,900		1,802,948
Daiichikosho Co., Ltd.		53,800		2,222,254
Denka Co., Ltd.		382,460		11,006,595
DTS Corp.		277,300		6,061,482
GMO internet, Inc.		206,600		3,358,568
Hakuhodo DY Holdings, Inc.		323,300		5,070,500
Hikari Tsushin, Inc.		38,100		8,400,164
Kaken Pharmaceutical Co., Ltd.		110,100		5,333,727
Kenedix, Inc.		759,900		3,851,230
Kintetsu World Express, Inc.		559,100		7,497,242
Kumiai Chemical Industry Co., Ltd.		822,800		6,759,003
Kyushu Railway Co.		132,200		3,766,656
Matsumotokiyoshi Holdings Co., Ltd.		195,900		6,520,902
Meitec Corp.		81,200		4,184,804
Nakanishi, Inc.		529,200		9,660,384
Nichiha Corp.		201,800		5,263,625
Nippon Parking Development Co., Ltd. (B)		1,603,900		2,496,116
Rohto Pharmaceutical Co., Ltd.		185,000		5,328,872
Sanwa Holdings Corp.		906,600		10,107,272
Shinoken Group Co., Ltd. (B)		352,900		2,585,813
Sogo Medical Holdings Co., Ltd.		103,300		1,561,074
Square Enix Holdings Co., Ltd.		179,000		6,105,635
Takasago Thermal Engineering Co., Ltd.		251,700		3,885,811
Token Corp.		73,600		4,225,033
Trend Micro, Inc.		140,700		6,134,790
Wakita & Co., Ltd.		329,000		3,296,513
Welcia Holdings Co., Ltd. (B)		107,100		4,976,439
				158,696,632
Netherlands - 4.6%
ASM International NV		175,900		14,347,869
Intertrust NV (C)		489,700		9,354,387
				23,702,256
New Zealand - 1.7%
Air New Zealand, Ltd.		4,902,202		8,727,015
Norway - 0.4%
ABG Sundal Collier Holding ASA (A)		5,265,727		2,122,510
Philippines - 0.5%
Alliance Global Group, Inc.		7,713,200		2,354,434
Republic of Korea - 2.1%
Eugene Technology Co., Ltd.		256,509		2,390,026
Interpark Holdings Corp.		565,819		1,044,055
NongShim Co., Ltd.		10,900		2,159,599
Value Added Technology Co., Ltd.		241,600		5,077,373
				10,671,053
Spain - 1.5%
Cia de Distribucion Integral Logista Holdings SA		381,064		7,939,931

The notes are an integral part of this report. Transamerica Funds Page    1

Transamerica International Small Cap Value

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Sweden - 4.6%
Cloetta AB, B Shares		1,570,600		$   4,678,497
Dios Fastigheter AB		1,151,874		9,880,505
Nobina AB (C)		693,172		4,039,843
Scandic Hotels Group AB (C)		618,200		5,183,836
				23,782,681
Switzerland - 3.4%
Pargesa Holding SA		163,835		12,296,729
Swissquote Group Holding SA		127,476		5,161,356
				17,458,085
United Kingdom - 16.3%
Bellway PLC		222,700		8,027,347
Dialog Semiconductor PLC (A)		57,887		2,591,171
Equiniti Group PLC (C)		2,927,700		7,483,004
IG Group Holdings PLC		899,335		6,251,248
Inchcape PLC		418,400		3,169,733
Informa PLC		1,563,327		16,552,113
Intermediate Capital Group PLC		482,835		8,133,867
International Personal Finance PLC		1,503,150		1,853,572
Lancashire Holdings, Ltd.		614,600		5,156,954
Northgate PLC		736,283		2,945,845
Redrow PLC		912,000		6,206,095
Rentokil Initial PLC		973,881		5,145,407
Savills PLC		912,500		10,532,186
				84,048,542
Total Common Stocks (Cost $482,178,406)				505,559,908
OTHER INVESTMENT COMPANY - 3.1%
Securities Lending Collateral - 3.1%
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 2.32% (D)		15,746,311		15,746,311
Total Other Investment Company (Cost $15,746,311)				15,746,311
	Principal		Value
REPURCHASE AGREEMENT - 0.8%
Fixed Income Clearing Corp., 1.45% (D), dated 07/31/2019, to be repurchased at $4,029,781 on 08/01/2019. Collateralized by a U.S. Government Obligation, 2.50%, due 02/28/2021, and with a value of $4,113,057.		$  4,029,618		4,029,618
Total Repurchase Agreement (Cost $4,029,618)				4,029,618
Total Investments (Cost $501,954,335)				525,335,837
Net Other Assets (Liabilities) - (1.8)%				(9,141,183	)
Net Assets - 100.0%				$  516,194,654

The notes are an integral part of this report. Transamerica Funds Page    2

Transamerica International Small Cap Value

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

INVESTMENTS BY INDUSTRY:

Industry	Percentage of Total Investments	Value
Real Estate Management & Development	7.1%		$  37,401,213
Capital Markets	5.9		30,933,299
Air Freight & Logistics	5.2		27,214,823
Chemicals	4.8		25,009,112
Diversified Financial Services	4.7		24,732,253
Media	4.3		22,880,901
Food Products	4.2		22,002,895
Household Durables	4.1		21,346,332
Semiconductors & Semiconductor Equipment	3.7		19,329,066
Building Products	3.7		19,256,708
Entertainment	3.3		17,273,186
IT Services	3.2		16,903,054
Professional Services	3.2		16,852,505
Health Care Equipment & Supplies	2.8		14,737,757
Food & Staples Retailing	2.5		13,058,415
Road & Rail	2.0		10,752,344
Pharmaceuticals	2.0		10,662,599
Distributors	1.8		9,691,320
Equity Real Estate Investment Trusts	1.8		9,406,108
Electrical Equipment	1.7		9,006,662
Airlines	1.7		8,727,015
Specialty Retail	1.6		8,400,164
Oil, Gas & Consumable Fuels	1.6		8,307,675
Containers & Packaging	1.6		8,290,469
Commercial Services & Supplies	1.4		7,641,523
Life Sciences Tools & Services	1.4		7,303,722
Trading Companies & Distributors	1.2		6,310,626
Health Care Providers & Services	1.2		6,289,045
Software	1.2		6,134,790
Transportation Infrastructure	1.2		6,076,397
Machinery	1.1		5,642,217
Electronic Equipment, Instruments & Components	1.1		5,609,740
Banks	1.0		5,498,642
Hotels, Restaurants & Leisure	1.0		5,183,836
Insurance	1.0		5,156,954
Textiles, Apparel & Luxury Goods	1.0		5,053,666
Auto Components	0.9		4,923,615
Internet & Direct Marketing Retail	0.9		4,544,223
Tobacco	0.7		3,922,189
Metals & Mining	0.5		2,882,617
Industrial Conglomerates	0.4		2,354,434
Consumer Finance	0.3		1,853,572
Beverages	0.2		1,002,225
Investments	96.2		505,559,908
Short-Term Investments	3.8		19,775,929
Total Investments	100.0%		$    525,335,837

The notes are an integral part of this report. Transamerica Funds Page    3

Transamerica International Small Cap Value

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

SECURITY VALUATION:

Valuation Inputs ^(E)

	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Common Stocks	$	—	$	505,559,908	$	—	$	505,559,908
Other Investment Company		15,746,311		—		—		15,746,311
Repurchase Agreement		—		4,029,618		—		4,029,618
Total Investments	$	15,746,311	$	509,589,526	$	—	$	525,335,837

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	Non-income producing securities.
(B)	All or a portion of the securities are on loan. The total value of all securities on loan is $14,969,480. 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.
(C)	Securities are registered pursuant to Rule 144A of the Securities Act of 1933. Unless otherwise indicated, the securities are deemed to be liquid for purposes of compliance limitations on holdings of illiquid securities and may be resold as transactions exempt from registration, normally to qualified institutional buyers. At July 31, 2019, the total value of 144A securities is $32,620,347, representing 6.3% of the Fund’s net assets.
(D)	Rates disclosed reflect the yields at July 31, 2019.
(E)	There were no transfers in or out of Level 3 during the period ended July 31, 2019. Please reference the Security Valuation section of the Notes to Schedules of Investments for more information regarding security valuation and pricing inputs.

PORTFOLIO ABBREVIATION:

REIT Real Estate Investment Trust

The notes are an integral part of this report. Transamerica Funds Page    4

Transamerica International Stock

SCHEDULE OF INVESTMENTS

At July 31, 2019

(unaudited)

	Shares		Value
COMMON STOCKS - 94.7%
Australia - 4.4%
Austal, Ltd.		3,196		$  8,828
BHP Group, Ltd.		687		18,914
Fortescue Metals Group, Ltd.		1,671		9,408
Goodman Group, REIT		1,532		15,494
OZ Minerals, Ltd.		2,159		14,974
Sandfire Resources NL		2,128		9,709
St Barbara, Ltd.		2,091		5,240
				82,567
Belgium - 0.6%
Anheuser-Busch InBev SA		41		4,122
UCB SA		102		7,954
				12,076
Denmark - 1.6%
GN Store Nord A/S		134		6,356
Novo Nordisk A/S, Class B		281		13,494
Royal Unibrew A/S		129		9,613
				29,463
Finland - 0.5%
Neste OYJ		270		8,936
France - 11.3%
Air France-KLM (A)		1,116		11,642
AXA SA		735		18,513
Cie Generale des Etablissements Michelin SCA		194		21,446
Eiffage SA		299		29,545
Engie SA		1,129		17,375
Kering SA		17		8,781
Pernod Ricard SA		52		9,125
Peugeot SA		1,333		31,463
Publicis Groupe SA		276		13,619
Sanofi		276		23,000
Vinci SA		273		28,082
				212,591
Germany - 7.2%
Allianz SE		204		47,330
Bayer AG		73		4,728
Deutsche Telekom AG		495		8,109
Merck KGaA		175		17,849
ProSiebenSat.1 Media SE		1,299		16,779
SAP SE		261		31,903
TAG Immobilien AG (A)		423		9,958
				136,656
Hong Kong - 0.7%
CK Asset Holdings, Ltd.		1,000		7,519
Wheelock & Co., Ltd.		1,000		6,293
				13,812
Israel - 1.1%
Israel Discount Bank, Ltd., A Shares		4,919		21,231
Italy - 4.6%
Enel SpA		6,114		41,823

	Shares		Value
COMMON STOCKS (continued)
Italy (continued)
Eni SpA		925		$   14,450
Leonardo SpA		2,560		31,169
				87,442
Japan - 23.4%
Asahi Group Holdings, Ltd.		400		17,326
Central Glass Co., Ltd.		300		6,820
Chubu Electric Power Co., Inc.		600		8,470
Cosmo Energy Holdings Co., Ltd.		200		4,123
GungHo Online Entertainment, Inc.		280		7,388
Hiroshima Bank, Ltd.		900		4,301
Hitachi, Ltd.		900		31,909
Hokkaido Electric Power Co., Inc.		1,100		6,228
ITOCHU Corp.		2,600		49,506
Kajima Corp.		700		9,003
Kansai Electric Power Co., Inc.		1,300		16,055
KDDI Corp.		800		20,873
Marubeni Corp.		4,700		30,468
Mitsubishi Corp.		400		10,741
Mitsubishi UFJ Financial Group, Inc.		3,700		18,274
Morinaga Milk Industry Co., Ltd.		200		7,761
Nichi-iko Pharmaceutical Co., Ltd.		400		4,583
Nihon Unisys, Ltd.		200		6,564
Nippon Light Metal Holdings Co., Ltd.		1,400		2,559
Nippon Suisan Kaisha, Ltd.		1,100		6,932
Nippon Telegraph & Telephone Corp.		900		40,618
Nipro Corp.		600		6,652
NS Solutions Corp.		400		13,475
Ricoh Co., Ltd.		1,100		10,075
Sawai Pharmaceutical Co., Ltd.		200		11,034
Showa Denko KK		600		16,096
SoftBank Group Corp.		400		20,423
Sony Corp.		500		28,437
Sumitomo Corp.		800		11,871
Toyota Motor Corp.		200		12,923
				441,488
Netherlands - 6.1%
ASR Nederland NV		125		4,697
Koninklijke Ahold Delhaize NV		913		20,737
NN Group NV		793		29,794
NXP Semiconductors NV		281		29,053
Royal Dutch Shell PLC, Class B		982		31,016
				115,297
Norway - 0.2%
Austevoll Seafood ASA		400		4,070
Singapore - 0.2%
Yanlord Land Group, Ltd.		4,100		3,848
Spain - 2.2%
Almirall SA		266		4,821
Banco Bilbao Vizcaya Argentaria SA		1,296		6,599
Banco Santander SA		1,860		7,939
Iberdrola SA		1,725		16,366
Repsol SA		382		6,059
				41,784
Sweden - 4.6%
Essity AB, Class B		816		24,238
SSAB AB, B Shares		1,389		3,521

The notes are an integral part of this report. Transamerica Funds Page    1

Transamerica International Stock

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Sweden (continued)
Telefonaktiebolaget LM Ericsson, B Shares		3,232		$   28,277
Volvo AB, Class B		2,043		30,349
				86,385
Switzerland - 12.7%
Lonza Group AG (A)		41		14,045
Nestle SA		511		54,210
Novartis AG		575		52,727
Roche Holding AG		185		49,518
Straumann Holding AG		15		12,237
Swiss Life Holding AG		61		29,478
UBS Group AG (A)		1,224		13,662
Zurich Insurance Group AG		40		13,913
				239,790
United Kingdom - 13.3%
3i Group PLC		2,085		28,095
Ashtead Group PLC		952		26,177
Aviva PLC		2,062		10,124
Barclays PLC		7,449		13,943
Bellway PLC		304		10,958
BP PLC		3,268		21,623
Coca-Cola European Partners PLC		254		14,041
Electrocomponents PLC		825		6,079
GlaxoSmithKline PLC		1,727		35,716
Halma PLC		387		9,346
Imperial Brands PLC		340		8,629
Lloyds Banking Group PLC		15,172		9,815
Persimmon PLC		273		6,661
Redrow PLC		729		4,961
Rio Tinto PLC		232		13,101
Standard Chartered PLC		1,327		10,921
Tesco PLC		7,753		21,001
				251,191
Total Common Stocks (Cost $1,845,443)				1,788,627
PREFERRED STOCK - 1.1%
Germany - 1.1%
Volkswagen AG, 3.42% (B)		126		21,053
Total Preferred Stock (Cost $22,200)				21,053
EXCHANGE-TRADED FUND - 1.5%
United States - 1.5%
iShares MSCI EAFE ETF		440		28,358
Total Exchange-Traded Fund (Cost $29,411)				28,358
Total Investments (Cost $1,897,054)				1,838,038
Net Other Assets (Liabilities) - 2.7%			50,437
Net Assets - 100.0%				$  1,888,475

The notes are an integral part of this report. Transamerica Funds Page    2

Transamerica International Stock

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

INVESTMENTS BY INDUSTRY:

Industry	Percentage of Total Investments	Value
Pharmaceuticals	12.3%		$    225,424
Insurance	8.4		153,849
Trading Companies & Distributors	7.0		128,763
Banks	5.1		93,023
Electric Utilities	4.8		88,942
Oil, Gas & Consumable Fuels	4.7		86,207
Metals & Mining	4.2		77,426
Food Products	4.0		72,973
Construction & Engineering	3.6		66,630
Automobiles	3.6		65,439
Beverages	2.9		54,227
Household Durables	2.8		51,017
Diversified Telecommunication Services	2.6		48,727
Electronic Equipment, Instruments & Components	2.6		47,334
Capital Markets	2.3		41,757
Food & Staples Retailing	2.3		41,738
Wireless Telecommunication Services	2.2		41,296
Aerospace & Defense	2.2		39,997
Software	1.7		31,903
Media	1.7		30,398
Machinery	1.6		30,349
Semiconductors & Semiconductor Equipment	1.6		29,053
International Equity Funds	1.5		28,358
Communications Equipment	1.5		28,277
Real Estate Management & Development	1.5		27,618
Health Care Equipment & Supplies	1.4		25,245
Household Products	1.3		24,238
Auto Components	1.2		21,446
IT Services	1.1		20,039
Multi-Utilities	0.9		17,375
Chemicals	0.9		16,096
Equity Real Estate Investment Trusts	0.8		15,494
Life Sciences Tools & Services	0.8		14,045
Airlines	0.6		11,642
Technology Hardware, Storage & Peripherals	0.5		10,075
Textiles, Apparel & Luxury Goods	0.5		8,781
Tobacco	0.5		8,629
Entertainment	0.4		7,388
Building Products	0.4		6,820
Investments	100.0		1,838,038
Total Investments	100.0%		$    1,838,038

The notes are an integral part of this report. Transamerica Funds Page    3

Transamerica International Stock

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

SECURITY VALUATION:

Valuation Inputs ^(C)

	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Common Stocks	$	43,094	$	1,745,533	$	—	$	1,788,627
Preferred Stock		—		21,053		—		21,053
Exchange-Traded Fund		28,358		—		—		28,358
Total Investments	$	71,452	$	1,766,586	$	—	$	1,838,038

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	Non-income producing securities.
(B)	Rate disclosed reflects the yield at July 31, 2019.
(C)	There were no transfers in or out of Level 3 during the period ended July 31, 2019. Please reference the Security Valuation section of the Notes to Schedules of Investments for more information regarding security valuation and pricing inputs.

PORTFOLIO ABBREVIATION:

REIT Real Estate Investment Trust

The notes are an integral part of this report. Transamerica Funds Page    4

Transamerica International Value

SCHEDULE OF INVESTMENTS

At July 31, 2019

(unaudited)

	Shares		Value
COMMON STOCKS - 98.0%
Australia - 3.4%
Challenger, Ltd.		7,380		$  35,552
Macquarie Group, Ltd.		1,240		108,524
Qantas Airways, Ltd.		11,306		44,014
Santos, Ltd.		25,708		126,668
				314,758
Belgium - 0.7%
KBC Group NV		1,074		69,056
Brazil - 2.2%
Ambev SA		6,350		33,494
Banco do Brasil SA		3,860		49,783
BR Properties SA (A)		20,200		53,142
Localiza Rent a Car SA		2,900		33,435
Qualicorp Consultoria e Corretora de Seguros SA		6,160		35,866
				205,720
Canada - 4.8%
Canadian Imperial Bank of Commerce		800		62,937
Canadian National Railway Co.		1,560		147,655
Entertainment One, Ltd.		9,570		51,108
Fairfax Financial Holdings, Ltd.		120		55,595
Fairfax Holdings Corp. (A) (B)		2,500		31,875
RioCan, REIT		1,600		31,544
Suncor Energy, Inc.		1,700		48,779
Transcontinental, Inc., Class A		1,500		17,253
				446,746
China - 6.5%
Agricultural Bank of China, Ltd., H Shares		123,000		49,787
Alibaba Group Holding, Ltd., ADR (A)		707		122,389
Baidu, Inc., ADR (A)		207		23,122
China Construction Bank Corp., H Shares		86,000		66,025
China Petroleum & Chemical Corp., Class A		49,500		37,711
ENN Energy Holdings, Ltd.		4,230		43,511
JD.com, Inc., ADR (A)		1,845		55,184
Minth Group, Ltd.		8,000		22,545
NetEase, Inc., ADR		75		17,312
Tencent Holdings, Ltd.		3,290		153,291
Times China Holdings, Ltd.		10,760		18,856
				609,733
Czech Republic - 0.3%
Komercni banka as		797		30,744
Denmark - 1.5%
AP Moller - Maersk A/S, Class B		113		126,882
Drilling Co. of 1972 A/S (A)		226		15,332
				142,214
Egypt - 0.2%
ElSewedy Electric Co.		19,230		14,292
France - 6.5%
Airbus SE		759		107,293
Arkema SA		732		65,884
Engie SA		4,274		65,775
LVMH Moet Hennessy Louis Vuitton SE		134		55,350

	Shares		Value
COMMON STOCKS (continued)
France (continued)
Peugeot SA		2,676		$   63,162
Sanofi		1,430		119,164
Veolia Environnement SA		3,965		100,060
Vivendi SA		1,164		32,330
				609,018
Germany - 7.5%
Allianz SE		604		140,133
Bayer AG		1,776		115,030
Deutsche Boerse AG		409		56,778
Fresenius SE & Co. KGaA		1,010		50,467
Infineon Technologies AG		3,176		58,826
Merck KGaA		740		75,476
SAP SE		649		79,331
Siemens AG		730		79,448
TUI AG		4,452		44,108
				699,597
Greece - 0.3%
OPAP SA		2,411		27,136
Hong Kong - 4.0%
China Mobile, Ltd.		6,000		51,026
CK Hutchison Holdings, Ltd.		8,500		79,432
Guangdong Investment, Ltd.		6,607		13,886
Haier Electronics Group Co., Ltd.		16,000		37,605
Kerry Logistics Network, Ltd.		26,500		45,436
SITC International Holdings Co., Ltd.		38,000		41,885
Swire Pacific, Ltd., Class A		3,500		39,893
Swire Pacific, Ltd., Class B		23,900		42,558
WH Group, Ltd. (B)		27,500		26,768
				378,489
Hungary - 0.4%
Richter Gedeon Nyrt		2,240		39,422
India - 1.6%
ICICI Bank, Ltd., ADR		3,370		41,148
Infosys, Ltd., ADR		5,900		66,788
Vedanta, Ltd., ADR		5,288		46,164
				154,100
Indonesia - 0.7%
AKR Corporindo Tbk PT		75,200		21,350
Semen Indonesia Persero Tbk PT		44,900		40,816
				62,166
Ireland - 2.9%
AIB Group PLC		20,335		69,784
DCC PLC		876		73,872
Ryanair Holdings PLC, ADR (A)		828		51,443
Smurfit Kappa Group PLC		2,577		81,077
				276,176
Italy - 1.8%
Eni SpA		6,842		106,881
Mediobanca Banca di Credito Finanziario SpA		6,043		60,527
				167,408
Japan - 15.8%
Astellas Pharma, Inc.		5,100		72,277
FANUC Corp.		180		31,991
Hikari Tsushin, Inc.		360		79,372

The notes are an integral part of this report. Transamerica Funds Page    1

Transamerica International Value

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Japan (continued)
Hitachi, Ltd.		2,700		$   95,728
JXTG Holdings, Inc.		25,100		118,116
Kuraray Co., Ltd.		4,800		56,769
MS&AD Insurance Group Holdings, Inc.		3,000		98,336
Nintendo Co., Ltd.		130		47,826
Olympus Corp.		4,310		46,991
ORIX Corp.		3,400		48,525
Rakuten, Inc.		3,410		34,779
Seven & i Holdings Co., Ltd.		2,450		83,613
SoftBank Group Corp.		1,310		66,886
Sony Corp.		3,320		188,821
Square Enix Holdings Co., Ltd.		420		14,326
Sumitomo Mitsui Financial Group, Inc.		3,600		125,891
Toshiba Corp.		2,860		91,253
Toyota Motor Corp.		2,510		162,179
Trend Micro, Inc.		500		21,801
				1,485,480
Luxembourg - 2.2%
ArcelorMittal		6,005		95,262
Eurofins Scientific SE		108		46,198
Millicom International Cellular SA, SDR		1,320		67,814
				209,274
Malaysia - 0.7%
Malayan Banking Bhd.		18,700		39,117
Sime Darby Property Bhd.		117,300		27,694
				66,811
Mexico - 0.9%
Alpek SAB de CV		13,000		14,049
Arca Continental SAB de CV		5,100		27,100
Grupo Aeroportuario del Centro Norte SAB de CV		7,200		44,243
				85,392
Netherlands - 3.6%
ASML Holding NV		360		80,217
Heineken NV (C)		767		82,290
Koninklijke Philips NV		2,109		98,935
NXP Semiconductors NV		745		77,025
				338,467
Norway - 0.6%
Mowi ASA		2,366		56,862
Philippines - 0.4%
International Container Terminal Services, Inc.		15,850		42,049
Republic of Korea - 1.1%
Com2uSCorp		538		39,893
Hana Financial Group, Inc.		1,413		41,359
NCSoft Corp.		61		24,826
				106,078
Republic of South Africa - 0.8%
Naspers, Ltd., N Shares		319		77,759
Russian Federation - 1.7%
Lukoil PJSC, ADR		831		67,685
PhosAgro PJSC, GDR (D)		3,358		41,874
Sberbank of Russia PJSC, ADR		3,204		47,804
				157,363

	Shares		Value
COMMON STOCKS (continued)
Singapore - 1.2%
DBS Group Holdings, Ltd.		6,000		$   114,401
Sweden - 0.5%
Loomis AB, Class B		1,227		42,204
Switzerland - 6.5%
Alcon, Inc. (A)		353		20,442
Nestle SA		2,339		248,138
Novartis AG		1,767		162,032
Pargesa Holding SA		892		66,949
UBS Group AG (A)		6,144		68,578
Wizz Air Holdings PLC (A) (B)		1,101		47,125
				613,264
Taiwan - 3.1%
Chailease Holding Co., Ltd.		7,416		31,110
Delta Electronics, Inc.		7,200		34,755
Hon Hai Precision Industry Co., Ltd.		13,400		33,591
Taiwan High Speed Rail Corp.		22,820		30,416
Taiwan Semiconductor Manufacturing Co., Ltd.		14,950		122,935
Yuanta Financial Holding Co., Ltd.		59,800		33,504
				286,311
Thailand - 0.5%
Bangkok Bank PCL, NVDR		7,800		45,828
Turkey - 0.6%
Tofas Turk Otomobil Fabrikasi AS		5,237		18,447
Tupras Turkiye Petrol Rafinerileri AS		1,496		37,514
				55,961
United Kingdom - 9.6%
Aviva PLC		18,990		93,234
Barratt Developments PLC		5,607		43,775
British Land Co. PLC, REIT		11,189		69,073
Cineworld Group PLC		11,986		37,207
HSBC Holdings PLC		21,261		170,268
Imperial Brands PLC		1,192		30,253
Informa PLC		4,509		47,740
Persimmon PLC		1,379		33,646
TechnipFMC PLC		3,083		84,906
Tesco PLC		38,957		105,523
Unilever PLC		900		54,146
Vodafone Group PLC		20,074		36,534
Whitbread PLC		1,080		59,328
William Hill PLC		17,690		32,710
				898,343
United States - 2.5%
Allergan PLC		652		104,646
Burford Capital, Ltd.		4,250		77,395
Cott Corp.		3,800		48,630
				230,671
Uruguay - 0.4%
Arcos Dorados Holdings, Inc., Class A		5,169		41,093
Total Common Stocks (Cost $9,761,377)				9,200,386

The notes are an integral part of this report. Transamerica Funds Page    2

Transamerica International Value

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Shares		Value
PREFERRED STOCK - 1.4%
Republic of Korea - 1.4%
Samsung Electronics Co., Ltd., 3.99% (E)		4,198		$   129,831
Total Preferred Stock (Cost $146,048)				129,831
OTHER INVESTMENT COMPANY - 0.9%
Securities Lending Collateral - 0.9%
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 2.32% (E)		84,901		84,901
Total Other Investment Company (Cost $84,901)				84,901
Total Investments (Cost $9,992,326)				9,415,118
Net Other Assets (Liabilities) - (0.3)%				(29,308	)
Net Assets - 100.0%				$  9,385,810

INVESTMENTS BY INDUSTRY:

Industry	Percentage of Total Investments			Value
Banks		11.5	%		$  1,084,459
Pharmaceuticals		7.3			688,047
Oil, Gas & Consumable Fuels		5.8			543,354
Insurance		4.1			387,298
Capital Markets		4.0			376,654
Semiconductors & Semiconductor Equipment		3.6			339,003
Food Products		3.5			331,768
Industrial Conglomerates		3.4			324,005
Household Durables		3.2			303,847
Internet & Direct Marketing Retail		3.1			290,111
Entertainment		2.8			264,828
Automobiles		2.6			243,788
Wireless Telecommunication Services		2.4			222,260
Hotels, Restaurants & Leisure		2.2			204,375
Beverages		2.0			191,514
Food & Staples Retailing		2.0			189,136
Real Estate Management & Development		1.9			182,143
Diversified Financial Services		1.9			182,136
Road & Rail		1.9			181,090
Chemicals		1.9			178,576
Interactive Media & Services		1.9			176,413
Marine		1.8			168,767
Health Care Equipment & Supplies		1.8			166,368
Multi-Utilities		1.8			165,835
Electronic Equipment, Instruments & Components		1.7			164,074
Airlines		1.5			142,582
Metals & Mining		1.5			141,426
Technology Hardware, Storage & Peripherals		1.4			129,831
Transportation Infrastructure		1.2			116,708
Aerospace & Defense		1.1			107,293
Software		1.1			101,132
Equity Real Estate Investment Trusts		1.1			100,617
Energy Equipment & Services		1.1			100,238
Health Care Providers & Services		0.9			86,333
Containers & Packaging		0.9			81,077

The notes are an integral part of this report. Transamerica Funds Page    3

Transamerica International Value

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

INVESTMENTS BY INDUSTRY (continued):

Industry	Percentage of Total Investments			Value
Specialty Retail		0.9	%		$     79,372
IT Services		0.7			66,788
Commercial Services & Supplies		0.6			59,457
Textiles, Apparel & Luxury Goods		0.6			55,350
Personal Products		0.6			54,146
Media		0.5			47,740
Life Sciences Tools & Services		0.5			46,198
Air Freight & Logistics		0.5			45,436
Gas Utilities		0.5			43,511
Construction Materials		0.4			40,816
Machinery		0.3			31,991
Tobacco		0.3			30,253
Auto Components		0.2			22,545
Trading Companies & Distributors		0.2			21,350
Electrical Equipment		0.2			14,292
Water Utilities		0.2			13,886
Investments		99.1			9,330,217
Short-Term Investments		0.9			84,901
Total Investments		100.0	%		$    9,415,118

SECURITY VALUATION:

Valuation Inputs ^(F)

	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Common Stocks	$	1,623,963	$	7,576,423	$	—	$	9,200,386
Preferred Stock		—		129,831		—		129,831
Other Investment Company		84,901		—		—		84,901
Total Investments	$	1,708,864	$	7,706,254	$	—	$	9,415,118

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	Non-income producing securities.
(B)	Securities are registered pursuant to Rule 144A of the Securities Act of 1933. Unless otherwise indicated, the securities are deemed to be liquid for purposes of compliance limitations on holdings of illiquid securities and may be resold as transactions exempt from registration, normally to qualified institutional buyers. At July 31, 2019, the total value of 144A securities is $105,768, representing 1.1% of the Fund’s net assets.
(C)	All or a portion of the security is on loan. The value of the security on loan is $80,854. The amount on loan indicated may not correspond with the security on loan identified because a security with pending sales are in the process of recall from the brokers.
(D)	Security exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside the United States. Security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933. At July 31, 2019, the value of the Regulation S security is $41,874, representing 0.4% of the Fund’s net assets.
(E)	Rates disclosed reflect the yields at July 31, 2019.
(F)	There were no transfers in or out of Level 3 during the period ended July 31, 2019. Please reference the Security Valuation section of the Notes to Schedules of Investments for more information regarding security valuation and pricing inputs.

The notes are an integral part of this report. Transamerica Funds Page    4

Transamerica International Value

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

PORTFOLIO ABBREVIATIONS:

ADR	American Depositary Receipt
GDR	Global Depositary Receipt
NVDR	Non-Voting Depository Receipt
REIT	Real Estate Investment Trust
SDR	Swedish Depositary Receipt

The notes are an integral part of this report. Transamerica Funds Page    5

Transamerica Large Cap Value

SCHEDULE OF INVESTMENTS

At July 31, 2019

(unaudited)

	Shares		Value
COMMON STOCKS - 98.9%
Aerospace & Defense - 4.0%
Textron, Inc.		865,000		$  42,644,500
United Technologies Corp.		305,000		40,748,000
				83,392,500
Auto Components - 1.0%
Goodyear Tire & Rubber Co.		1,582,292		21,724,869
Automobiles - 5.1%
General Motors Co.		2,626,684		105,960,433
Banks - 13.8%
Bank of America Corp.		2,600,000		79,768,000
Citigroup, Inc.		1,230,000		87,526,800
Comerica, Inc.		475,000		34,770,000
JPMorgan Chase & Co.		725,000		84,100,000
				286,164,800
Beverages - 5.8%
Cott Corp.		4,493,271		57,468,936
Keurig Dr. Pepper, Inc.		2,199,957		61,906,790
				119,375,726
Biotechnology - 5.0%
AbbVie, Inc.		1,549,900		103,254,338
Capital Markets - 1.1%
Morgan Stanley		493,286		21,980,824
Chemicals - 4.4%
DuPont de Nemours, Inc.		1,275,000		92,004,000
Communications Equipment - 5.7%
CommScope Holding Co., Inc. (A)		3,476,592		49,645,734
Nokia OYJ, ADR (B)		12,500,000		67,625,000
				117,270,734
Containers & Packaging - 0.9%
WestRock Co.		534,024		19,251,565
Diversified Telecommunication Services - 3.2%
AT&T, Inc.		1,966,479		66,958,610
Energy Equipment & Services - 1.1%
Halliburton Co.		1,000,000		23,000,000
Food & Staples Retailing - 1.4%
Walmart, Inc.		260,000		28,698,800
Food Products - 9.3%
Archer-Daniels-Midland Co.		1,454,854		59,765,402
Kraft Heinz Co.		1,820,000		58,258,200
TreeHouse Foods, Inc. (A)		1,275,580		75,692,917
				193,716,519
Health Care Providers & Services - 2.4%
Cigna Corp. (A)		290,000		49,276,800
Health Care Technology - 1.5%
Change Healthcare, Inc. (A)		2,155,152		30,021,267

	Shares		Value
COMMON STOCKS (continued)
Insurance - 7.9%
American International Group, Inc.		1,911,538		$   107,027,013
Lincoln National Corp.		865,000		56,519,100
				163,546,113
Life Sciences Tools & Services - 5.0%
Bio-Rad Laboratories, Inc., Class A (A)		300,000		94,470,000
Fluidigm Corp. (A)		807,077		9,483,155
				103,953,155
Machinery - 2.1%
Caterpillar, Inc.		330,000		43,451,100
Multi-Utilities - 4.7%
CenterPoint Energy, Inc.		3,370,000		97,763,700
Oil, Gas & Consumable Fuels - 8.1%
Exxon Mobil Corp.		540,000		40,154,400
Occidental Petroleum Corp.		1,880,000		96,556,800
Williams Cos., Inc.		1,267,122		31,221,886
				167,933,086
Pharmaceuticals - 1.2%
Pfizer, Inc.		650,000		25,246,000
Semiconductors & Semiconductor Equipment - 2.1%
Intel Corp.		865,000		43,725,750
Specialty Retail - 2.1%
Lowe’s Cos., Inc.		420,000		42,588,000
Total Common Stocks (Cost $1,979,222,267)				2,050,258,689
OTHER INVESTMENT COMPANY - 1.6%
Securities Lending Collateral - 1.6%
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 2.32% (C)		32,329,841		32,329,841
Total Other Investment Company (Cost $32,329,841)				32,329,841
	Principal		Value
REPURCHASE AGREEMENT - 2.4%
Fixed Income Clearing Corp., 1.45% (C), dated 07/31/2019, to be repurchased at $49,829,165 on 08/01/2019. Collateralized by a U.S. Government Obligation, 2.50%, due 02/28/2021, and with a value of $50,824,542.		$  49,827,158		49,827,158
Total Repurchase Agreement (Cost $49,827,158)				49,827,158
Total Investments (Cost $2,061,379,266)				2,132,415,688
Net Other Assets (Liabilities) - (2.9)%				(59,118,566	)
Net Assets - 100.0%				$  2,073,297,122

The notes are an integral part of this report. Transamerica Funds Page    1

Transamerica Large Cap Value

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

SECURITY VALUATION:

Valuation Inputs ^(D)

	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Common Stocks	$	2,050,258,689	$	—	$	—	$	2,050,258,689
Other Investment Company		32,329,841		—		—		32,329,841
Repurchase Agreement		—		49,827,158		—		49,827,158
Total Investments	$	2,082,588,530	$	49,827,158	$	—	$	2,132,415,688

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	Non-income producing securities.
(B)	All or a portion of the security is on loan. The value of the security on loan is $30,418,163. The amount on loan indicated may not correspond with the security on loan identified because a security with pending sales are in the process of recall from the brokers.
(C)	Rates disclosed reflect the yields at July 31, 2019.
(D)	There were no transfers in or out of Level 3 during the period ended July 31, 2019. Please reference the Security Valuation section of the Notes to Schedules of Investments for more information regarding security valuation and pricing inputs.

PORTFOLIO ABBREVIATION:

ADR American Depositary Receipt

The notes are an integral part of this report. Transamerica Funds Page    2

Transamerica Large Core

SCHEDULE OF INVESTMENTS

At July 31, 2019

(unaudited)

	Shares		Value
COMMON STOCKS - 98.2%
Aerospace & Defense - 2.1%
Arconic, Inc.		4,615		$  115,560
Boeing Co.		8,113		2,767,993
Lockheed Martin Corp.		4,199		1,520,752
Raytheon Co.		5,863		1,068,766
				5,473,071
Air Freight & Logistics - 1.0%
CH Robinson Worldwide, Inc.		10,640		890,887
Expeditors International of Washington, Inc.		3,383		258,292
United Parcel Service, Inc., Class B		11,894		1,420,976
				2,570,155
Airlines - 0.5%
Delta Air Lines, Inc.		13,833		844,366
Southwest Airlines Co.		6,466		333,193
				1,177,559
Auto Components - 0.1%
BorgWarner, Inc.		9,029		341,296
Banks - 5.0%
Bank of America Corp.		169,230		5,191,977
Citigroup, Inc.		20,833		1,482,476
Citizens Financial Group, Inc.		1,993		74,259
Comerica, Inc.		17,519		1,282,391
Fifth Third Bancorp		58,279		1,730,304
JPMorgan Chase & Co.		14,411		1,671,676
M&T Bank Corp.		2,696		442,818
Regions Financial Corp.		41,114		654,946
SVB Financial Group (A)		728		168,874
Wells Fargo & Co.		6,774		327,929
				13,027,650
Beverages - 1.6%
Coca-Cola Co.		15,087		794,029
Monster Beverage Corp. (A)		3,470		223,711
PepsiCo, Inc.		24,580		3,141,569
				4,159,309
Biotechnology - 2.8%
AbbVie, Inc.		28,765		1,916,324
Amgen, Inc.		14,496		2,704,664
Biogen, Inc. (A)		3,021		718,454
Celgene Corp. (A)		6,718		617,116
Gilead Sciences, Inc.		17,416		1,141,096
Regeneron Pharmaceuticals, Inc. (A)		952		290,132
				7,387,786
Building Products - 0.0% (B)
Masco Corp.		2,917		118,926
Capital Markets - 1.7%
Ameriprise Financial, Inc.		4,946		719,692
Charles Schwab Corp.		20,025		865,481
E*TRADE Financial Corp.		18,085		882,367
Franklin Resources, Inc.		4,869		158,876
Moody’s Corp.		1,399		299,862

	Shares		Value
COMMON STOCKS (continued)
Capital Markets (continued)
Raymond James Financial, Inc.		8,172		$   659,235
T. Rowe Price Group, Inc.		8,336		945,219
				4,530,732
Chemicals - 2.0%
Albemarle Corp. (C)		6,974		508,823
CF Industries Holdings, Inc.		25,673		1,272,354
Dow, Inc. (A)		23,614		1,143,862
LyondellBasell Industries NV, Class A		23,843		1,995,421
PPG Industries, Inc.		2,586		303,570
				5,224,030
Communications Equipment - 1.0%
Cisco Systems, Inc.		38,841		2,151,792
F5 Networks, Inc. (A)		2,090		306,645
Juniper Networks, Inc.		3,066		82,843
				2,541,280
Consumer Finance - 0.3%
Discover Financial Services		9,039		811,160
Containers & Packaging - 0.3%
Avery Dennison Corp.		3,685		423,296
International Paper Co.		9,199		403,928
				827,224
Diversified Financial Services - 2.6%
Berkshire Hathaway, Inc., Class B (A)		31,731		6,518,499
Jefferies Financial Group, Inc.		6,603		140,842
				6,659,341
Diversified Telecommunication Services - 1.3%
AT&T, Inc.		11,026		375,435
CenturyLink, Inc.		63,363		766,059
Verizon Communications, Inc.		41,696		2,304,538
				3,446,032
Electric Utilities - 1.5%
Entergy Corp.		18,859		1,991,888
FirstEnergy Corp.		32,227		1,417,021
Pinnacle West Capital Corp.		2,237		204,059
Southern Co.		5,477		307,807
				3,920,775
Electrical Equipment - 0.4%
Rockwell Automation, Inc.		6,009		966,127
Electronic Equipment, Instruments & Components - 0.3%
Keysight Technologies, Inc. (A)		2,238		200,346
TE Connectivity, Ltd.		5,221		482,420
				682,766
Energy Equipment & Services - 0.3%
Helmerich & Payne, Inc.		2,324		115,456
National Oilwell Varco, Inc.		7,655		182,342
Schlumberger, Ltd.		9,420		376,518
				674,316
Entertainment - 1.1%
Activision Blizzard, Inc.		12,705		619,242
Netflix, Inc. (A)		1,994		644,042

The notes are an integral part of this report. Transamerica Funds Page    1

Transamerica Large Core

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Entertainment (continued)
Viacom, Inc., Class B		17,000		$   515,950
Walt Disney Co.		7,189		1,028,099
				2,807,333
Equity Real Estate Investment Trusts - 3.0%
American Tower Corp.		10,270		2,173,337
Apartment Investment & Management Co., Class A		16,303		807,651
Host Hotels & Resorts, Inc.		99,827		1,735,992
Kimco Realty Corp.		23,588		453,125
Simon Property Group, Inc.		16,938		2,747,344
				7,917,449
Food & Staples Retailing - 1.1%
Kroger Co.		16,046		339,533
Sysco Corp.		12,837		880,233
Walgreens Boots Alliance, Inc.		13,244		721,666
Walmart, Inc.		7,556		834,031
				2,775,463
Food Products - 1.0%
Archer-Daniels-Midland Co.		11,083		455,290
Campbell Soup Co.		14,049		580,786
Hershey Co.		3,268		495,886
Kellogg Co.		14,608		850,478
Kraft Heinz Co.		3,326		106,465
Lamb Weston Holdings, Inc.		875		58,730
Tyson Foods, Inc., Class A		1,734		137,853
				2,685,488
Health Care Equipment & Supplies - 2.9%
Abbott Laboratories		24,052		2,094,929
ABIOMED, Inc. (A)		86		23,956
Align Technology, Inc. (A)		280		58,542
Baxter International, Inc.		3,171		266,269
Boston Scientific Corp. (A)		6,428		272,933
Cooper Cos., Inc.		3,551		1,198,108
Edwards Lifesciences Corp. (A)		3,862		822,027
Hologic, Inc. (A)		8,600		440,750
Medtronic PLC		21,279		2,169,181
Zimmer Biomet Holdings, Inc.		600		81,078
				7,427,773
Health Care Providers & Services - 2.7%
Anthem, Inc.		1,556		458,413
Cardinal Health, Inc.		1,288		58,900
Cigna Corp. (A)		4,616		784,351
CVS Health Corp.		16,802		938,728
HCA Healthcare, Inc.		9,457		1,262,604
Henry Schein, Inc. (A)		6,791		451,873
UnitedHealth Group, Inc.		10,696		2,663,411
Universal Health Services, Inc., Class B		3,085		465,403
				7,083,683
Hotels, Restaurants & Leisure - 1.7%
Chipotle Mexican Grill, Inc. (A)		951		756,549
Darden Restaurants, Inc.		7,783		946,101
Hilton Worldwide Holdings, Inc.		3,773		364,283
Norwegian Cruise Line Holdings, Ltd. (A)		600		29,664
Starbucks Corp.		23,662		2,240,555
				4,337,152

	Shares		Value
COMMON STOCKS (continued)
Household Durables - 0.7%
PulteGroup, Inc.		55,228		$   1,740,234
Household Products - 1.3%
Clorox Co.		10,026		1,630,228
Kimberly-Clark Corp.		10,466		1,419,713
Procter & Gamble Co.		3,526		416,209
				3,466,150
Independent Power & Renewable Electricity Producers - 1.1%
AES Corp.		135,751		2,279,259
NRG Energy, Inc.		13,411		457,852
				2,737,111
Industrial Conglomerates - 1.8%
3M Co.		7,910		1,382,035
General Electric Co.		100,797		1,053,329
Honeywell International, Inc.		10,353		1,785,478
Roper Technologies, Inc.		1,230		447,290
				4,668,132
Insurance - 3.4%
Aflac, Inc.		7,287		383,588
Allstate Corp.		20,453		2,196,652
Aon PLC		4,502		852,003
Hartford Financial Services Group, Inc.		19,587		1,128,799
Loews Corp.		11,001		588,993
MetLife, Inc.		7,387		365,066
Principal Financial Group, Inc.		7,971		462,637
Progressive Corp.		14,985		1,213,485
Torchmark Corp.		7,896		721,063
Unum Group		33,405		1,067,290
				8,979,576
Interactive Media & Services - 5.0%
Alphabet, Inc., Class A (A)		1,006		1,225,509
Alphabet, Inc., Class C (A)		5,263		6,403,387
Facebook, Inc., Class A (A)		19,307		3,749,999
TripAdvisor, Inc. (A)		36,882		1,628,340
				13,007,235
Internet & Direct Marketing Retail - 4.2%
Amazon.com, Inc. (A)		4,311		8,047,689
Booking Holdings, Inc. (A)		1,007		1,899,816
eBay, Inc.		25,416		1,046,885
				10,994,390
IT Services - 6.2%
Accenture PLC, Class A		3,257		627,233
Akamai Technologies, Inc. (A)		7,689		677,632
Automatic Data Processing, Inc.		4,981		829,436
DXC Technology Co.		6,651		370,926
FleetCor Technologies, Inc. (A)		2,515		714,688
Gartner, Inc. (A)		573		79,836
International Business Machines Corp.		15,565		2,307,356
Mastercard, Inc., Class A		11,872		3,232,389
PayPal Holdings, Inc. (A)		21,009		2,319,394
VeriSign, Inc. (A)		1,326		279,905
Visa, Inc., Class A		25,820		4,595,960
				16,034,755

The notes are an integral part of this report. Transamerica Funds Page    2

Transamerica Large Core

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Life Sciences Tools & Services - 0.1%
Illumina, Inc. (A)		503		$   150,588
Thermo Fisher Scientific, Inc.		653		181,325
				331,913
Machinery - 1.9%
Caterpillar, Inc.		11,211		1,476,152
Cummins, Inc.		7,402		1,213,928
Dover Corp.		10,632		1,029,709
Illinois Tool Works, Inc.		290		44,727
Parker-Hannifin Corp.		1,603		280,653
Snap-on, Inc.		5,714		872,014
				4,917,183
Media - 2.3%
Charter Communications, Inc., Class A (A)		6,489		2,500,731
Comcast Corp., Class A		25,179		1,086,977
Discovery, Inc., Class C (A)		33,595		948,723
Fox Corp., Class B (A)		5,734		213,305
Omnicom Group, Inc.		16,618		1,333,096
				6,082,832
Metals & Mining - 0.2%
Nucor Corp.		10,081		548,205
Multi-Utilities - 0.2%
CenterPoint Energy, Inc.		20,172		585,190
Multiline Retail - 0.2%
Dollar Tree, Inc. (A)		2,507		255,087
Kohl’s Corp.		823		44,327
Target Corp.		2,028		175,219
				474,633
Oil, Gas & Consumable Fuels - 4.6%
Cabot Oil & Gas Corp.		22,591		432,843
Chevron Corp.		24,125		2,970,029
ConocoPhillips		49,379		2,917,311
Devon Energy Corp.		1,069		28,863
Exxon Mobil Corp.		60,270		4,481,677
HollyFrontier Corp.		4,667		232,277
Occidental Petroleum Corp.		11,000		564,960
ONEOK, Inc.		3,170		222,154
Williams Cos., Inc.		1,536		37,847
				11,887,961
Pharmaceuticals - 5.2%
Bristol-Myers Squibb Co.		25,802		1,145,867
Eli Lilly & Co.		10,857		1,182,870
Johnson & Johnson		40,456		5,268,180
Merck & Co., Inc.		39,255		3,257,772
Pfizer, Inc.		69,622		2,704,119
				13,558,808
Real Estate Management & Development - 0.4%
CBRE Group, Inc., Class A (A)		19,438		1,030,408
Road & Rail - 0.9%
CSX Corp.		26,404		1,858,842
Kansas City Southern		2,041		252,553
Union Pacific Corp.		1,883		338,846
				2,450,241

	Shares		Value
COMMON STOCKS (continued)
Semiconductors & Semiconductor Equipment - 3.3%
Analog Devices, Inc.		13,135		$   1,542,837
Broadcom, Inc.		4,603		1,334,824
Intel Corp.		36,200		1,829,910
Lam Research Corp.		3,086		643,771
Qorvo, Inc. (A)		1,678		122,981
QUALCOMM, Inc.		12,425		909,013
Texas Instruments, Inc.		14,934		1,866,899
Xilinx, Inc.		2,910		332,351
				8,582,586
Software - 6.6%
Adobe, Inc. (A)		1,199		358,333
Citrix Systems, Inc.		11,417		1,075,938
Fortinet, Inc. (A)		7,231		580,722
Intuit, Inc.		11,804		3,273,367
Microsoft Corp.		62,624		8,533,772
Oracle Corp.		55,223		3,109,055
salesforce.com, Inc. (A)		1,650		254,925
				17,186,112
Specialty Retail - 3.0%
Advance Auto Parts, Inc.		341		51,368
AutoZone, Inc. (A)		1,284		1,441,984
Best Buy Co., Inc.		6,254		478,619
Foot Locker, Inc.		2,521		103,512
Home Depot, Inc.		12,409		2,651,679
O’Reilly Automotive, Inc. (A)		1,903		724,586
Ross Stores, Inc.		11,701		1,240,657
TJX Cos., Inc.		10,488		572,225
Ulta Salon Cosmetics & Fragrance, Inc. (A)		1,563		545,878
				7,810,508
Technology Hardware, Storage & Peripherals - 4.6%
Apple, Inc.		53,052		11,302,198
HP, Inc.		28,860		607,214
				11,909,412
Textiles, Apparel & Luxury Goods - 0.6%
NIKE, Inc., Class B		18,259		1,570,822
Ralph Lauren Corp.		215		22,409
				1,593,231
Tobacco - 1.6%
Altria Group, Inc.		66,992		3,153,313
Philip Morris International, Inc.		13,468		1,126,060
				4,279,373
Trading Companies & Distributors - 0.5%
WW Grainger, Inc.		4,362		1,269,473
Total Common Stocks (Cost $237,117,754)				255,699,528
EXCHANGE-TRADED FUND - 1.8%
U.S. Equity Fund - 1.8%
SPDR S&P 500 ETF Trust		15,692		4,667,271
Total Exchange-Traded Fund (Cost $4,271,844)				4,667,271

The notes are an integral part of this report. Transamerica Funds Page    3

Transamerica Large Core

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Shares		Value
OTHER INVESTMENT COMPANY - 0.2%
Securities Lending Collateral - 0.2%
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 2.32% (D)		514,348		$   514,348
Total Other Investment Company (Cost $514,348)				514,348
Total Investments (Cost $241,903,946)				260,881,147
Net Other Assets (Liabilities) - (0.2)%				(546,683	)
Net Assets - 100.0%				$  260,334,464

SECURITY VALUATION:

Valuation Inputs ^(E)

	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Common Stocks	$	255,699,528	$	—	$	—	$	255,699,528
Exchange-Traded Fund		4,667,271		—		—		4,667,271
Other Investment Company		514,348		—		—		514,348
Total Investments	$	260,881,147	$	—	$	—	$	260,881,147

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	Non-income producing securities.
(B)	Percentage rounds to less than 0.1% or (0.1)%.
(C)	All or a portion of the security is on loan. The value of the security on loan is $503,716. The amount on loan indicated may not correspond with the security on loan identified because a security with pending sales are in the process of recall from the brokers.
(D)	Rate disclosed reflects the yield at July 31, 2019.
(E)	There were no transfers in or out of Level 3 during the period ended July 31, 2019. Please reference the Security Valuation section of the Notes to Schedules of Investments for more information regarding security valuation and pricing inputs.

The notes are an integral part of this report. Transamerica Funds Page    4

Transamerica Large Growth

SCHEDULE OF INVESTMENTS

At July 31, 2019

(unaudited)

	Shares		Value
COMMON STOCKS - 99.8%
Aerospace & Defense - 3.0%
Airbus SE		28,873		$  4,081,512
Boeing Co.		29,312		10,000,668
Raytheon Co.		29,181		5,319,405
Safran SA		37,306		5,355,682
				24,757,267
Automobiles - 0.6%
Tesla, Inc. (A) (B)		21,465		5,186,159
Banks - 0.7%
JPMorgan Chase & Co.		31,551		3,659,916
SVB Financial Group (A)		10,052		2,331,762
				5,991,678
Beverages - 1.6%
Constellation Brands, Inc., Class A		43,523		8,566,197
Monster Beverage Corp. (A)		70,723		4,559,512
				13,125,709
Biotechnology - 2.9%
Alexion Pharmaceuticals, Inc. (A)		25,907		2,935,004
BioMarin Pharmaceutical, Inc. (A)		37,794		2,997,820
Exact Sciences Corp. (A)		16,375		1,884,926
Neurocrine Biosciences, Inc. (A)		35,793		3,450,088
Sage Therapeutics, Inc. (A)		11,514		1,846,155
Seattle Genetics, Inc. (A)		35,489		2,686,872
Vertex Pharmaceuticals, Inc. (A)		45,626		7,602,204
				23,403,069
Building Products - 0.6%
Fortune Brands Home & Security, Inc.		84,829		4,660,505
Capital Markets - 1.4%
BlackRock, Inc.		5,364		2,508,635
Intercontinental Exchange, Inc.		45,186		3,970,042
S&P Global, Inc.		21,642		5,301,208
				11,779,885
Chemicals - 0.9%
PPG Industries, Inc.		39,585		4,646,883
Sherwin-Williams Co.		5,074		2,603,165
				7,250,048
Commercial Services & Supplies - 0.4%
Copart, Inc. (A)		41,937		3,251,376
Consumer Finance - 0.4%
Capital One Financial Corp.		34,031		3,145,145
Diversified Telecommunication Services - 0.6%
Verizon Communications, Inc.		88,654		4,899,907
Electrical Equipment - 0.8%
AMETEK, Inc.		44,652		4,001,266
Eaton Corp. PLC		33,347		2,740,790
				6,742,056
Electronic Equipment, Instruments & Components - 0.5%
CDW Corp.		33,853		4,000,070

	Shares		Value
COMMON STOCKS (continued)
Entertainment - 3.5%
Activision Blizzard, Inc.		82,943		$   4,042,642
Netflix, Inc. (A)		42,741		13,804,916
Walt Disney Co.		76,852		10,990,604
				28,838,162
Equity Real Estate Investment Trusts - 1.3%
American Tower Corp.		38,157		8,074,785
Crown Castle International Corp.		18,305		2,439,324
				10,514,109
Food & Staples Retailing - 1.9%
Costco Wholesale Corp.		57,051		15,724,967
Health Care Equipment & Supplies - 4.2%
Baxter International, Inc.		75,446		6,335,201
Boston Scientific Corp. (A)		111,979		4,754,628
Danaher Corp.		28,962		4,069,161
Edwards Lifesciences Corp. (A)		41,860		8,909,901
Intuitive Surgical, Inc. (A)		10,835		5,628,891
Teleflex, Inc.		12,303		4,179,821
				33,877,603
Health Care Providers & Services - 1.3%
Guardant Health, Inc. (A)		8,821		829,086
UnitedHealth Group, Inc.		39,403		9,811,741
				10,640,827
Hotels, Restaurants & Leisure - 1.7%
Chipotle Mexican Grill, Inc. (A)		6,236		4,960,925
Hilton Worldwide Holdings, Inc.		51,772		4,998,587
Marriott International, Inc., Class A		29,464		4,097,264
				14,056,776
Household Products - 0.7%
Colgate-Palmolive Co.		73,920		5,303,021
Insurance - 0.4%
Allstate Corp.		33,037		3,548,174
Interactive Media & Services - 10.9%
Alphabet, Inc., Class A (A)		25,273		30,787,569
Alphabet, Inc., Class C (A)		15,103		18,375,518
Facebook, Inc., Class A (A)		161,731		31,413,012
Tencent Holdings, Ltd.		180,395		8,405,138
				88,981,237
Internet & Direct Marketing Retail - 8.1%
Alibaba Group Holding, Ltd., ADR (A)		63,573		11,005,122
Amazon.com, Inc. (A)		26,327		49,146,717
Booking Holdings, Inc. (A)		2,034		3,837,365
Wayfair, Inc., Class A (A)		16,832		2,207,685
				66,196,889
IT Services - 12.2%
Adyen NV (A) (C)		6,352		4,799,481
EPAM Systems, Inc. (A)		18,108		3,509,149
FleetCor Technologies, Inc. (A)		46,730		13,279,264
Global Payments, Inc.		40,931		6,873,134
GoDaddy, Inc., Class A (A)		87,894		6,449,662
Mastercard, Inc., Class A		109,203		29,732,701
PayPal Holdings, Inc. (A)		118,008		13,028,083
Square, Inc., Class A (A)		58,006		4,664,262

The notes are an integral part of this report. Transamerica Funds Page    1

Transamerica Large Growth

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
IT Services (continued)
Twilio, Inc., Class A (A)		14,111		$   1,962,981
Visa, Inc., Class A		84,135		14,976,030
				99,274,747
Life Sciences Tools & Services - 1.6%
Illumina, Inc. (A)		24,639		7,376,424
Thermo Fisher Scientific, Inc.		21,767		6,044,260
				13,420,684
Machinery - 1.7%
Illinois Tool Works, Inc.		30,597		4,718,975
Middleby Corp. (A)		20,746		2,787,848
Nordson Corp.		28,040		3,972,146
Snap-on, Inc.		18,236		2,782,996
				14,261,965
Oil, Gas & Consumable Fuels - 0.2%
Continental Resources, Inc. (A)		52,414		1,948,228
Personal Products - 0.9%
Estee Lauder Cos., Inc., Class A		40,549		7,468,720
Pharmaceuticals - 1.1%
Allergan PLC		19,357		3,106,798
AstraZeneca PLC, ADR		133,329		5,787,812
				8,894,610
Professional Services - 0.7%
Equifax, Inc.		19,581		2,723,521
IHS Markit, Ltd. (A)		47,645		3,069,291
				5,792,812
Road & Rail - 1.5%
Norfolk Southern Corp.		18,209		3,480,104
Uber Technologies, Inc. (A) (B)		77,812		3,278,998
Union Pacific Corp.		31,040		5,585,648
				12,344,750
Semiconductors & Semiconductor Equipment - 4.4%
Advanced Micro Devices, Inc. (A)		147,794		4,500,327
Broadcom, Inc.		16,062		4,657,820
Marvell Technology Group, Ltd.		136,641		3,588,193
Micron Technology, Inc. (A)		80,106		3,595,958
NVIDIA Corp.		48,414		8,168,410
ON Semiconductor Corp. (A)		117,951		2,537,126
QUALCOMM, Inc.		73,321		5,364,164
Universal Display Corp.		5,812		1,226,797
Xilinx, Inc.		19,758		2,256,561
				35,895,356

	Shares		Value
COMMON STOCKS (continued)
Software - 15.9%
Adobe, Inc. (A)		60,948		$   18,214,919
DocuSign, Inc. (A)		55,744		2,883,080
Guidewire Software, Inc. (A)		41,720		4,258,778
Microsoft Corp.		340,831		46,445,040
salesforce.com, Inc. (A)		162,386		25,088,637
SAP SE, ADR		29,468		3,625,448
ServiceNow, Inc. (A)		37,812		10,488,671
Splunk, Inc. (A)		35,175		4,759,529
SS&C Technologies Holdings, Inc.		82,732		3,966,999
Workday, Inc., Class A (A)		49,348		9,868,613
				129,599,714
Specialty Retail - 1.3%
Home Depot, Inc.		22,747		4,860,806
TJX Cos., Inc.		101,382		5,531,402
				10,392,208
Technology Hardware, Storage & Peripherals - 4.8%
Apple, Inc.		168,059		35,803,290
NetApp, Inc.		51,064		2,986,733
				38,790,023
Textiles, Apparel & Luxury Goods - 5.1%
adidas AG		1,167		374,061
Kering SA		10,605		5,477,602
Lululemon Athletica, Inc. (A)		36,795		7,031,157
NIKE, Inc., Class B		194,713		16,751,159
PVH Corp.		35,932		3,195,073
Under Armour, Inc., Class C (A)		188,983		3,843,914
VF Corp.		54,352		4,749,821
				41,422,787
Total Common Stocks (Cost $572,670,857)				815,381,243
OTHER INVESTMENT COMPANY - 1.0%
Securities Lending Collateral - 1.0%
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 2.32% (D)		8,550,544		8,550,544
Total Other Investment Company (Cost $8,550,544)				8,550,544
Total Investments (Cost $581,221,401)				823,931,787
Net Other Assets (Liabilities) - (0.8)%				(6,671,052	)
Net Assets - 100.0%				$  817,260,735

SECURITY VALUATION:

Valuation Inputs ^(E)

	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Common Stocks	$	786,887,767	$	28,493,476	$	—	$	815,381,243
Other Investment Company		8,550,544		—		—		8,550,544
Total Investments	$	795,438,311	$	28,493,476	$	—	$	823,931,787

The notes are an integral part of this report. Transamerica Funds Page    2

Transamerica Large Growth

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	Non-income producing securities.
(B)	All or a portion of the securities are on loan. The total value of all securities on loan is $8,380,383. 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.
(C)	Security is registered pursuant to Rule 144A of the Securities Act of 1933. Unless otherwise indicated, the security is deemed to be liquid for purposes of compliance limitations on holdings of illiquid securities and may be resold as transactions exempt from registration, normally to qualified institutional buyers. At July 31, 2019, the value of the 144A security is $4,799,481, representing 0.6% of the Fund’s net assets.
(D)	Rate disclosed reflects the yield at July 31, 2019.
(E)	There were no transfers in or out of Level 3 during the period ended July 31, 2019. Please reference the Security Valuation section of the Notes to Schedules of Investments for more information regarding security valuation and pricing inputs.

PORTFOLIO ABBREVIATION:

ADR American Depositary Receipt

The notes are an integral part of this report. Transamerica Funds Page    3

Transamerica Large Value Opportunities

SCHEDULE OF INVESTMENTS

At July 31, 2019

(unaudited)

	Shares		Value
COMMON STOCKS - 98.4%
Aerospace & Defense - 1.8%
Boeing Co.		12,853		$  4,385,187
Raytheon Co.		30,766		5,608,334
				9,993,521
Air Freight & Logistics - 0.6%
United Parcel Service, Inc., Class B		28,714		3,430,462
Airlines - 1.1%
Delta Air Lines, Inc.		97,102		5,927,106
Auto Components - 0.5%
Lear Corp.		23,402		2,966,906
Banks - 9.7%
Bank of America Corp.		579,177		17,769,150
Citigroup, Inc.		39,779		2,830,674
Comerica, Inc.		7,510		549,732
Fifth Third Bancorp		231,610		6,876,501
First Citizens BancShares, Inc., Class A		1,938		905,085
JPMorgan Chase & Co.		100,220		11,625,520
Popular, Inc.		95,636		5,504,808
SVB Financial Group (A)		10,460		2,426,406
Wells Fargo & Co.		93,887		4,545,070
Wintrust Financial Corp.		20,726		1,482,738
				54,515,684
Beverages - 1.5%
Coca-Cola Co.		69,571		3,661,522
PepsiCo, Inc.		39,208		5,011,174
				8,672,696
Biotechnology - 4.4%
AbbVie, Inc.		58,688		3,909,795
Amgen, Inc.		57,888		10,800,743
Biogen, Inc. (A)		14,346		3,411,766
Gilead Sciences, Inc.		95,301		6,244,121
				24,366,425
Capital Markets - 3.7%
Ameriprise Financial, Inc.		18,786		2,733,551
E*TRADE Financial Corp.		110,842		5,407,981
Franklin Resources, Inc.		170,470		5,562,436
T. Rowe Price Group, Inc.		53,471		6,063,077
TD Ameritrade Holding Corp.		16,633		849,946
				20,616,991
Chemicals - 3.0%
CF Industries Holdings, Inc.		3,304		163,746
Dow, Inc. (A)		111,454		5,398,832
LyondellBasell Industries NV, Class A		76,117		6,370,232
NewMarket Corp.		11,251		4,743,534
				16,676,344
Communications Equipment - 1.6%
Cisco Systems, Inc.		134,178		7,433,461
Juniper Networks, Inc.		52,921		1,429,926
				8,863,387

	Shares		Value
COMMON STOCKS (continued)
Consumer Finance - 2.7%
Capital One Financial Corp.		80,776		$   7,465,318
Credit Acceptance Corp. (A)		1,884		900,608
Discover Financial Services		74,046		6,644,888
				15,010,814
Diversified Financial Services - 0.3%
Berkshire Hathaway, Inc., Class B (A)		7,082		1,454,855
Diversified Telecommunication Services - 1.9%
AT&T, Inc.		145,801		4,964,524
CenturyLink, Inc.		44,593		539,130
Verizon Communications, Inc.		92,286		5,100,647
				10,604,301
Electric Utilities - 2.1%
Avangrid, Inc.		106,050		5,360,828
FirstEnergy Corp.		147,052		6,465,876
				11,826,704
Electrical Equipment - 0.3%
Rockwell Automation, Inc.		9,457		1,520,496
Electronic Equipment, Instruments & Components - 0.5%
CDW Corp.		24,308		2,872,233
Entertainment - 1.5%
Viacom, Inc., Class B		105,393		3,198,677
Walt Disney Co.		38,466		5,501,023
				8,699,700
Equity Real Estate Investment Trusts - 2.5%
Host Hotels & Resorts, Inc.		335,974		5,842,588
Omega Healthcare Investors, Inc. (B)		11,450		415,635
Simon Property Group, Inc.		47,312		7,674,006
				13,932,229
Food & Staples Retailing - 2.0%
Kroger Co.		4,728		100,044
Sysco Corp.		75,749		5,194,109
Walgreens Boots Alliance, Inc.		80,535		4,388,352
Walmart, Inc.		13,562		1,496,974
				11,179,479
Food Products - 1.7%
Ingredion, Inc.		35,531		2,746,191
Kellogg Co.		112,557		6,553,068
				9,299,259
Gas Utilities - 0.2%
UGI Corp.		21,973		1,122,601
Health Care Equipment & Supplies - 0.8%
Cooper Cos., Inc.		2,559		863,406
Masimo Corp. (A)		9,335		1,473,530
Medtronic PLC		21,898		2,232,282
				4,569,218
Health Care Providers & Services - 2.2%
Cardinal Health, Inc.		92,030		4,208,532
Encompass Health Corp.		42,374		2,705,156
HCA Healthcare, Inc.		39,152		5,227,184
				12,140,872

The notes are an integral part of this report. Transamerica Funds Page    1

Transamerica Large Value Opportunities

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Hotels, Restaurants & Leisure - 2.1%
Darden Restaurants, Inc.		49,672		$   6,038,128
Starbucks Corp.		61,718		5,844,078
				11,882,206
Household Products - 2.3%
Clorox Co.		12,674		2,060,793
Kimberly-Clark Corp.		27,497		3,729,968
Procter & Gamble Co.		58,429		6,896,959
				12,687,720
Independent Power & Renewable Electricity Producers - 2.0%
AES Corp.		347,954		5,842,148
NRG Energy, Inc.		49,173		1,678,766
Vistra Energy Corp.		175,946		3,775,801
				11,296,715
Industrial Conglomerates - 0.6%
3M Co.		8,317		1,453,146
Honeywell International, Inc.		10,623		1,832,043
				3,285,189
Insurance - 4.6%
Allstate Corp.		67,466		7,245,848
Arch Capital Group, Ltd. (A)		102,260		3,956,439
Athene Holding, Ltd., Class A (A)		16,727		683,465
CNA Financial Corp.		10,269		491,783
Hartford Financial Services Group, Inc.		111,691		6,436,752
Loews Corp.		4,416		236,433
MetLife, Inc.		30,276		1,496,240
Progressive Corp.		65,652		5,316,499
				25,863,459
Internet & Direct Marketing Retail - 0.4%
Booking Holdings, Inc. (A)		1,072		2,022,446
IT Services - 3.7%
DXC Technology Co.		626		34,912
International Business Machines Corp.		75,598		11,206,647
Mastercard, Inc., Class A		7,508		2,044,203
PayPal Holdings, Inc. (A)		15,572		1,719,149
Visa, Inc., Class A		30,724		5,468,872
				20,473,783
Machinery - 2.9%
Allison Transmission Holdings, Inc., Class A		109,390		5,026,471
Caterpillar, Inc.		48,628		6,402,849
Dover Corp.		48,964		4,742,163
				16,171,483
Media - 2.7%
AMC Networks, Inc., Class A (A)		11,487		613,176
Charter Communications, Inc., Class A (A)		13,373		5,153,687
Comcast Corp., Class A		74,255		3,205,588
Omnicom Group, Inc.		74,953		6,012,730
				14,985,181
Multi-Utilities - 0.1%
CenterPoint Energy, Inc.		15,884		460,795

	Shares		Value
COMMON STOCKS (continued)
Multiline Retail - 0.7%
Target Corp.		46,445		$   4,012,848
Oil, Gas & Consumable Fuels - 7.7%
Chevron Corp.		123,127		15,158,165
ConocoPhillips		82,175		4,854,899
Exxon Mobil Corp.		200,226		14,888,805
HollyFrontier Corp.		45,073		2,243,283
Occidental Petroleum Corp.		114,011		5,855,605
				43,000,757
Paper & Forest Products - 0.1%
Domtar Corp.		14,802		628,345
Personal Products - 0.2%
Herbalife Nutrition, Ltd. (A)		30,001		1,230,641
Pharmaceuticals - 9.5%
Bristol-Myers Squibb Co.		179,479		7,970,662
Eli Lilly & Co.		51,355		5,595,127
Jazz Pharmaceuticals PLC (A)		37,263		5,193,717
Johnson & Johnson		119,916		15,615,462
Merck & Co., Inc.		131,646		10,925,302
Pfizer, Inc.		206,979		8,039,064
				53,339,334
Road & Rail - 0.2%
CSX Corp.		20,071		1,412,998
Semiconductors & Semiconductor Equipment - 2.3%
Intel Corp.		118,386		5,984,412
QUALCOMM, Inc.		12,903		943,984
Texas Instruments, Inc.		46,825		5,853,593
				12,781,989
Software - 2.7%
Intuit, Inc.		19,671		5,454,965
Oracle Corp.		176,222		9,921,299
				15,376,264
Specialty Retail - 0.9%
AutoZone, Inc. (A)		4,757		5,342,301
Technology Hardware, Storage & Peripherals - 1.5%
Apple, Inc.		27,252		5,805,766
HP, Inc.		134,243		2,824,473
				8,630,239
Textiles, Apparel & Luxury Goods - 1.0%
NIKE, Inc., Class B		62,168		5,348,313
Tobacco - 1.8%
Altria Group, Inc.		191,810		9,028,497
Philip Morris International, Inc.		12,305		1,028,821
				10,057,318
Trading Companies & Distributors - 0.8%
WW Grainger, Inc.		15,981		4,650,950
Transportation Infrastructure - 1.0%
Macquarie Infrastructure Corp.		130,814		5,420,932
Total Common Stocks (Cost $538,077,154)				550,624,489

The notes are an integral part of this report. Transamerica Funds Page    2

Transamerica Large Value Opportunities

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Shares		Value
EXCHANGE-TRADED FUND - 1.5%
U.S. Equity Fund - 1.5%
iShares Russell 1000 Value ETF (B)		65,367		$   8,395,737
Total Exchange-Traded Fund (Cost $7,864,782)				8,395,737
OTHER INVESTMENT COMPANY - 0.6%
Securities Lending Collateral - 0.6%
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 2.32% (C)		3,414,729		3,414,729
Total Other Investment Company (Cost $3,414,729)				3,414,729
Total Investments (Cost $549,356,665)				562,434,955
Net Other Assets (Liabilities) - (0.5)%				(3,017,838	)
Net Assets - 100.0%				$  559,417,117

SECURITY VALUATION:

Valuation Inputs ^(D)

	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Common Stocks	$	550,624,489	$	—	$	—	$	550,624,489
Exchange-Traded Fund		8,395,737		—		—		8,395,737
Other Investment Company		3,414,729		—		—		3,414,729
Total Investments	$	562,434,955	$	—	$	—	$	562,434,955

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	Non-income producing securities.
(B)	All or a portion of the securities are on loan. The total value of all securities on loan is $3,339,893. 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.
(C)	Rate disclosed reflects the yield at July 31, 2019.
(D)	There were no transfers in or out of Level 3 during the period ended July 31, 2019. Please reference the Security Valuation section of the Notes to Schedules of Investments for more information regarding security valuation and pricing inputs.

The notes are an integral part of this report. Transamerica Funds Page    3

Transamerica Long/Short Strategy

SCHEDULE OF INVESTMENTS

At July 31, 2019

(unaudited)

	Shares		Value
COMMON STOCKS - 107.9%
Aerospace & Defense - 2.5%
General Dynamics Corp. (A)		837		$  155,632
Northrop Grumman Corp.		281		97,105
				252,737
Airlines - 1.1%
United Airlines Holdings, Inc. (B)		1,213		111,487
Banks - 2.4%
Bank of America Corp.		732		22,458
Citigroup, Inc.		1,049		74,647
Fifth Third Bancorp		738		21,911
KeyCorp		4,574		84,024
Regions Financial Corp.		2,758		43,935
				246,975
Beverages - 1.6%
Coca-Cola Co.		1,970		103,681
Constellation Brands, Inc., Class A		316		62,195
				165,876
Biotechnology - 1.2%
Alexion Pharmaceuticals, Inc. (B)		214		24,244
Celgene Corp. (B)		1,086		99,760
				124,004
Building Products - 0.4%
Masco Corp.		869		35,429
Capital Markets - 1.9%
Ameriprise Financial, Inc.		247		35,941
BlackRock, Inc.		86		40,220
Morgan Stanley		1,953		87,026
T. Rowe Price Group, Inc.		290		32,883
				196,070
Chemicals - 5.2%
Air Products & Chemicals, Inc.		243		55,470
Celanese Corp. (A)		1,881		210,992
CF Industries Holdings, Inc.		322		15,958
DuPont de Nemours, Inc.		514		37,090
FMC Corp.		622		53,753
Linde PLC		797		152,450
				525,713
Commercial Services & Supplies - 0.7%
Waste Management, Inc.		577		67,509
Consumer Finance - 1.5%
American Express Co.		633		78,726
Synchrony Financial		2,090		74,989
				153,715
Containers & Packaging - 0.3%
Crown Holdings, Inc. (B)		531		33,989
Electric Utilities - 5.5%
American Electric Power Co., Inc.		1,621		142,340
Edison International		1,078		80,354
Entergy Corp.		482		50,909

	Shares		Value
COMMON STOCKS (continued)
Electric Utilities (continued)
NextEra Energy, Inc. (A)		776		$   160,764
Xcel Energy, Inc.		1,990		118,624
				552,991
Entertainment - 1.2%
Electronic Arts, Inc. (B)		1,327		122,748
Equity Real Estate Investment Trusts - 3.0%
Brandywine Realty Trust		2,252		33,217
Digital Realty Trust, Inc.		486		55,579
Equity Residential		543		42,837
Prologis, Inc.		2,145		172,909
				304,542
Food & Staples Retailing - 0.3%
Costco Wholesale Corp.		123		33,902
Food Products - 1.7%
General Mills, Inc.		556		29,529
Mondelez International, Inc., Class A (A)		2,577		137,844
				167,373
Health Care Equipment & Supplies - 3.0%
Boston Scientific Corp. (A) (B)		3,638		154,470
Intuitive Surgical, Inc. (B)		126		65,458
Medtronic PLC		202		20,592
Zimmer Biomet Holdings, Inc.		471		63,646
				304,166
Health Care Providers & Services - 3.6%
Anthem, Inc.		131		38,594
Cigna Corp. (A) (B)		901		153,098
HCA Healthcare, Inc.		407		54,338
UnitedHealth Group, Inc.		469		116,786
				362,816
Hotels, Restaurants & Leisure - 2.9%
Darden Restaurants, Inc.		866		105,271
Hilton Worldwide Holdings, Inc.		479		46,248
Royal Caribbean Cruises, Ltd.		592		68,873
Yum! Brands, Inc.		646		72,688
				293,080
Household Durables - 0.3%
Lennar Corp., Class A		695		33,061
Household Products - 1.1%
Procter & Gamble Co.		922		108,833
Industrial Conglomerates - 1.4%
Honeywell International, Inc.		827		142,624
Insurance - 2.0%
Allstate Corp.		425		45,645
Arthur J. Gallagher & Co.		409		36,986
Axis Capital Holdings, Ltd.		663		42,213
Hartford Financial Services Group, Inc.		1,271		73,248
				198,092
Interactive Media & Services - 5.1%
Alphabet, Inc., Class C (A) (B)		426		518,306

The notes are an integral part of this report. Transamerica Funds Page    1

Transamerica Long/Short Strategy

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Internet & Direct Marketing Retail - 4.4%
Amazon.com, Inc. (A) (B)		193		$   360,289
Expedia Group, Inc.		633		84,024
				444,313
IT Services - 10.2%
Accenture PLC, Class A		310		59,700
Automatic Data Processing, Inc.		524		87,256
Cognizant Technology Solutions Corp., Class A		702		45,728
Fidelity National Information Services, Inc.		764		101,803
Fiserv, Inc. (B)		2,143		225,912
Leidos Holdings, Inc.		391		32,101
Mastercard, Inc., Class A (A)		696		189,500
PayPal Holdings, Inc. (B)		1,293		142,747
Total System Services, Inc.		344		46,688
WEX, Inc. (B)		433		94,424
				1,025,859
Life Sciences Tools & Services - 0.4%
Thermo Fisher Scientific, Inc.		152		42,207
Machinery - 1.3%
Ingersoll-Rand PLC		667		82,481
Stanley Black & Decker, Inc.		328		48,410
				130,891
Media - 3.6%
Altice, Inc., Class A (B)		3,195		82,463
Charter Communications, Inc., Class A (B)		361		139,122
Comcast Corp., Class A		1,283		55,387
Discovery, Inc., Class A (B)		2,368		71,774
Discovery, Inc., Class C (B)		555		15,674
				364,420
Multi-Utilities - 0.6%
Sempra Energy		416		56,339
Oil, Gas & Consumable Fuels - 7.0%
Chevron Corp.		261		32,132
Concho Resources, Inc.		311		30,378
Diamondback Energy, Inc.		1,110		114,807
EOG Resources, Inc. (A)		1,481		127,144
Marathon Petroleum Corp.		1,653		93,213
ONEOK, Inc.		1,198		83,956
Parsley Energy, Inc., Class A (B)		3,262		54,117
Pioneer Natural Resources Co.		881		121,613
TC Energy Corp.		973		47,638
				704,998
Pharmaceuticals - 0.9%
Elanco Animal Health, Inc. (B)		859		28,312
Merck & Co., Inc.		733		60,832
				89,144
Road & Rail - 7.3%
Canadian Pacific Railway, Ltd.		716		170,830
Kansas City Southern		205		25,367
Lyft, Inc., Class A (B)		375		22,826
Norfolk Southern Corp. (A)		1,806		345,163
Uber Technologies, Inc. (B)		933		39,317
Union Pacific Corp. (A)		717		129,024
				732,527

	Shares			Value
COMMON STOCKS (continued)
Semiconductors & Semiconductor Equipment - 6.9%
Advanced Micro Devices, Inc. (B)		2,211			$   67,325
Analog Devices, Inc.		911			107,006
ASML Holding NV		150			33,422
NVIDIA Corp. (A)		959			161,802
NXP Semiconductors NV		454			46,939
Taiwan Semiconductor Manufacturing Co., Ltd., ADR		1,687			71,917
Teradyne, Inc.		632			35,221
Texas Instruments, Inc. (A)		1,424			178,014
					701,646
Software - 6.6%
Anaplan, Inc. (B)		753			42,876
Intuit, Inc.		395			109,537
Microsoft Corp. (A)		1,523			207,539
salesforce.com, Inc. (A) (B)		1,087			167,942
ServiceNow, Inc. (B)		275			76,282
Slack Technologies, Inc., Class A (B)		751			25,098
VMware, Inc., Class A		199			34,724
					663,998
Specialty Retail - 6.2%
Advance Auto Parts, Inc.		290			43,686
AutoZone, Inc. (B)		118			132,519
Best Buy Co., Inc.		781			59,770
Home Depot, Inc.		302			64,534
Lowe’s Cos., Inc.		378			38,329
O’Reilly Automotive, Inc. (A) (B)		260			98,998
Ross Stores, Inc.		939			99,562
TJX Cos., Inc.		1,554			84,786
					622,184
Textiles, Apparel & Luxury Goods - 0.8%
NIKE, Inc., Class B		895			76,997
Tobacco - 1.1%
Philip Morris International, Inc.		1,293			108,108
Trading Companies & Distributors - 0.3%
HD Supply Holdings, Inc. (B)		846			34,271
Wireless Telecommunication Services - 0.4%
T-Mobile, Inc. (B)		516			41,141
Total Common Stocks (Cost $9,109,123)					10,895,081
Total Investments Before Securities Sold Short (Cost $9,109,123)					10,895,081
SECURITIES SOLD SHORT - (78.0)%
COMMON STOCKS - (78.0)%
Aerospace & Defense - (2.0)%
Boeing Co.		(127	)		(43,330	)
Huntington Ingalls Industries, Inc.		(625	)		(142,688	)
L3 Harris Technologies, Inc.		(89	)		(18,476	)
					(204,494	)
Air Freight & Logistics - (1.2)%
CH Robinson Worldwide, Inc.		(444	)		(37,176	)

The notes are an integral part of this report. Transamerica Funds Page    2

Transamerica Long/Short Strategy

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Shares			Value
SECURITIES SOLD SHORT (continued)
COMMON STOCKS (continued)
Air Freight & Logistics (continued)
Expeditors International of Washington, Inc.		(588	)		$   (44,894	)
United Parcel Service, Inc., Class B		(319	)		(38,111	)
					(120,181	)
Auto Components - (0.9)%
Autoliv, Inc.		(1,253	)		(90,404	)
Automobiles - (1.0)%
General Motors Co.		(1,533	)		(61,841	)
Harley-Davidson, Inc.		(653	)		(23,364	)
Tesla, Inc.		(76	)		(18,363	)
					(103,568	)
Banks - (1.9)%
Associated Banc-Corp.		(2,909	)		(63,038	)
BancorpSouth Bank		(831	)		(24,839	)
Commerce Bancshares, Inc.		(425	)		(25,853	)
First Hawaiian, Inc.		(1,174	)		(31,416	)
People’s United Financial, Inc.		(2,815	)		(46,222	)
PNC Financial Services Group, Inc.		(36	)		(5,144	)
					(196,512	)
Beverages - (1.0)%
Brown-Forman Corp., Class B		(1,807	)		(99,042	)
Biotechnology - (1.7)%
Amgen, Inc.		(466	)		(86,946	)
Biogen, Inc.		(151	)		(35,911	)
Gilead Sciences, Inc.		(669	)		(43,833	)
					(166,690	)
Building Products - (0.9)%
Fortune Brands Home & Security, Inc.		(330	)		(18,130	)
Johnson Controls International PLC		(1,710	)		(72,573	)
					(90,703	)
Capital Markets - (3.4)%
Bank of New York Mellon Corp.		(1,361	)		(63,858	)
Charles Schwab Corp.		(1,729	)		(74,727	)
Goldman Sachs Group, Inc.		(91	)		(20,032	)
Nasdaq, Inc.		(159	)		(15,323	)
Northern Trust Corp.		(328	)		(32,144	)
State Street Corp.		(913	)		(53,036	)
TD Ameritrade Holding Corp.		(747	)		(38,172	)
Waddell & Reed Financial, Inc., Class A		(2,838	)		(49,665	)
					(346,957	)
Chemicals - (2.7)%
Albemarle Corp.		(1,191	)		(86,895	)
LyondellBasell Industries NV, Class A		(795	)		(66,533	)
PPG Industries, Inc.		(612	)		(71,843	)
Westlake Chemical Corp.		(687	)		(46,421	)
					(271,692	)
Communications Equipment - (0.6)%
Juniper Networks, Inc.		(2,338	)		(63,173	)
Containers & Packaging - (0.6)%
International Paper Co.		(1,445	)		(63,450	)
Diversified Telecommunication Services - (1.2)%
AT&T, Inc.		(3,488	)		(118,766	)

	Shares			Value
SECURITIES SOLD SHORT (continued)
COMMON STOCKS (continued)
Electric Utilities - (3.6)%
Duke Energy Corp.		(2,032	)		$   (176,215	)
Eversource Energy		(710	)		(53,860	)
Pinnacle West Capital Corp.		(740	)		(67,503	)
PPL Corp.		(328	)		(9,719	)
Southern Co.		(1,018	)		(57,212	)
					(364,509	)
Electrical Equipment - (2.0)%
Acuity Brands, Inc.		(497	)		(66,707	)
Hubbell, Inc.		(642	)		(83,383	)
Rockwell Automation, Inc., Class B		(293	)		(47,109	)
					(197,199	)
Electronic Equipment, Instruments & Components - (0.2)%
Amphenol Corp., Class A		(178	)		(16,611	)
Energy Equipment & Services - (2.3)%
Baker Hughes a GE Co.		(834	)		(21,175	)
Halliburton Co.		(3,317	)		(76,291	)
Helmerich & Payne, Inc.		(468	)		(23,250	)
National Oilwell Varco, Inc.		(1,077	)		(25,654	)
Schlumberger, Ltd.		(2,107	)		(84,217	)
					(230,587	)
Equity Real Estate Investment Trusts - (2.5)%
Apartment Investment & Management Co., Class A		(359	)		(17,785	)
Apple Hospitality, Inc.		(1,557	)		(24,460	)
Macerich Co.		(1,521	)		(50,269	)
Realty Income Corp.		(873	)		(60,420	)
Regency Centers Corp.		(153	)		(10,205	)
Simon Property Group, Inc.		(553	)		(89,697	)
					(252,836	)
Food & Staples Retailing - (1.9)%
Kroger Co.		(4,843	)		(102,478	)
Walgreens Boots Alliance, Inc.		(1,676	)		(91,325	)
					(193,803	)
Food Products - (1.1)%
Hershey Co.		(258	)		(39,149	)
Kellogg Co.		(745	)		(43,374	)
Kraft Heinz Co.		(936	)		(29,961	)
					(112,484	)
Gas Utilities - (0.2)%
National Fuel Gas Co.		(522	)		(24,920	)
Health Care Equipment & Supplies - (0.5)%
Abbott Laboratories		(316	)		(27,524	)
DENTSPLY SIRONA, Inc.		(465	)		(25,319	)
					(52,843	)
Health Care Providers & Services - (2.9)%
AmerisourceBergen Corp., Class A		(905	)		(78,871	)
Cardinal Health, Inc.		(2,280	)		(104,265	)
Henry Schein, Inc.		(1,130	)		(75,190	)
Patterson Cos., Inc.		(1,814	)		(35,917	)
					(294,243	)
Health Care Technology - (0.6)%
Cerner Corp.		(848	)		(60,759	)

The notes are an integral part of this report. Transamerica Funds Page    3

Transamerica Long/Short Strategy

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Shares			Value
SECURITIES SOLD SHORT (continued)
COMMON STOCKS (continued)
Hotels, Restaurants & Leisure - (1.8)%
Chipotle Mexican Grill, Inc.		(157	)		$   (124,898	)
Domino’s Pizza, Inc.		(125	)		(30,566	)
Starbucks Corp.		(282	)		(26,703	)
					(182,167	)
Household Durables - (0.3)%
Toll Brothers, Inc.		(865	)		(31,114	)
Household Products - (1.8)%
Church & Dwight Co., Inc.		(229	)		(17,276	)
Clorox Co.		(427	)		(69,430	)
Colgate-Palmolive Co.		(1,311	)		(94,051	)
					(180,757	)
Industrial Conglomerates - (1.0)%
3M Co.		(588	)		(102,735	)
Insurance - (2.1)%
Chubb, Ltd.		(649	)		(99,193	)
Everest RE Group, Ltd.		(93	)		(22,938	)
Marsh & McLennan Cos., Inc.		(151	)		(14,919	)
Principal Financial Group, Inc.		(174	)		(10,099	)
Torchmark Corp.		(435	)		(39,724	)
Unum Group		(872	)		(27,860	)
					(214,733	)
Internet & Direct Marketing Retail - (1.6)%
eBay, Inc.		(3,807	)		(156,810	)
IT Services - (2.4)%
Infosys, Ltd., ADR		(4,074	)		(46,118	)
International Business Machines Corp.		(405	)		(60,037	)
Jack Henry & Associates, Inc.		(224	)		(31,293	)
Paychex, Inc.		(370	)		(30,728	)
Western Union Co.		(3,493	)		(73,353	)
					(241,529	)
Leisure Products - (1.2)%
Hasbro, Inc.		(562	)		(68,092	)
Mattel, Inc.		(3,798	)		(55,451	)
					(123,543	)
Life Sciences Tools & Services - (1.0)%
PerkinElmer, Inc.		(376	)		(32,381	)
Waters Corp.		(305	)		(64,221	)
					(96,602	)
Machinery - (1.0)%
Donaldson Co., Inc.		(750	)		(37,462	)
Illinois Tool Works, Inc.		(411	)		(63,389	)
					(100,851	)
Media - (4.5)%
AMC Networks, Inc., Class A		(1,291	)		(68,914	)
CBS Corp., Class B		(874	)		(45,020	)
Fox Corp., Class A		(1,463	)		(54,599	)
Interpublic Group of Cos., Inc.		(2,336	)		(53,541	)
News Corp., Class A		(5,619	)		(73,946	)
Omnicom Group, Inc.		(1,622	)		(130,117	)
Sirius XM Holdings, Inc.		(5,223	)		(32,696	)
					(458,833	)

	Shares			Value
SECURITIES SOLD SHORT (continued)
COMMON STOCKS (continued)
Multi-Utilities - (2.3)%
Consolidated Edison, Inc.		(283	)		$   (24,044	)
Dominion Energy, Inc.		(2,749	)		(204,223	)
					(228,267	)
Multiline Retail - (0.7)%
Kohl’s Corp.		(603	)		(32,478	)
Macy’s, Inc.		(1,466	)		(33,322	)
					(65,800	)
Oil, Gas & Consumable Fuels - (3.2)%
Apache Corp.		(2,453	)		(59,902	)
Enbridge, Inc.		(1,719	)		(57,397	)
Equitrans Midstream Corp.		(675	)		(11,198	)
Exxon Mobil Corp.		(1,240	)		(92,206	)
Kinder Morgan, Inc.		(741	)		(15,280	)
Occidental Petroleum Corp.		(1,193	)		(61,273	)
Range Resources Corp.		(4,281	)		(24,359	)
					(321,615	)
Paper & Forest Products - (0.8)%
Domtar Corp.		(1,862	)		(79,042	)
Professional Services - (0.9)%
Robert Half International, Inc.		(1,572	)		(94,965	)
Road & Rail - (1.9)%
Heartland Express, Inc.		(4,807	)		(95,371	)
JB Hunt Transport Services, Inc.		(565	)		(57,839	)
Knight-Swift Transportation Holdings, Inc.		(435	)		(15,590	)
Schneider National, Inc., Class B		(1,457	)		(28,120	)
					(196,920	)
Semiconductors & Semiconductor Equipment - (4.3)%
Applied Materials, Inc.		(837	)		(41,323	)
Intel Corp.		(2,266	)		(114,546	)
KLA-Tencor Corp.		(389	)		(53,028	)
Lam Research Corp.		(191	)		(39,844	)
Micron Technology, Inc.		(1,713	)		(76,897	)
Qorvo, Inc.		(721	)		(52,842	)
Skyworks Solutions, Inc.		(610	)		(52,021	)
					(430,501	)
Software - (0.9)%
Citrix Systems, Inc.		(455	)		(42,879	)
Teradata Corp.		(1,253	)		(45,885	)
					(88,764	)
Specialty Retail - (3.5)%
Abercrombie & Fitch Co., Class A		(769	)		(14,557	)
Ascena Retail Group, Inc.		(16,063	)		(7,135	)
AutoNation, Inc.		(317	)		(15,432	)
Bed Bath & Beyond, Inc.		(3,322	)		(32,257	)
Buckle, Inc.		(891	)		(18,132	)
CarMax, Inc.		(251	)		(22,028	)
Designer Brands, Inc., Class A		(2,537	)		(46,630	)
Express, Inc.		(2,308	)		(5,701	)
Gap, Inc.		(1,249	)		(24,355	)
L Brands, Inc.		(1,272	)		(33,008	)
Tiffany & Co.		(654	)		(61,424	)
Williams-Sonoma, Inc.		(1,083	)		(72,214	)
					(352,873	)

The notes are an integral part of this report. Transamerica Funds Page    4

Transamerica Long/Short Strategy

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Shares			Value
SECURITIES SOLD SHORT (continued)
COMMON STOCKS (continued)
Technology Hardware, Storage & Peripherals - (3.3)%
Apple, Inc.		(295	)		$   (62,847	)
Hewlett Packard Enterprise Co.		(3,187	)		(45,797	)
NetApp, Inc.		(703	)		(41,119	)
Seagate Technology PLC		(2,143	)		(99,242	)
Western Digital Corp.		(1,581	)		(85,200	)
					(334,205	)
Textiles, Apparel & Luxury Goods - (0.6)%
Under Armour, Inc., Class C		(939	)		(19,099	)
Under Armour, Inc., Class A		(1,776	)		(40,973	)
					(60,072	)
Total Common Stocks (Proceeds $(7,945,847))					(7,879,124	)
Total Securities Sold Short (Proceeds $(7,945,847))					(7,879,124	)
Net Other Assets (Liabilities), Net of Securities Sold Short - 70.1%					7,080,946
Net Assets - 100.0%					$  10,096,903

SECURITY VALUATION:

Valuation Inputs ^(C)

	Level 1 - Unadjusted Quoted Prices			Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Common Stocks	$	10,895,081		$	—	$	—	$	10,895,081
Total Investments	$	10,895,081		$	—	$	—	$	10,895,081
LIABILITIES
Securities Sold Short
Common Stocks	$	(7,879,124	)	$	—	$	—	$	(7,879,124	)
Total Securities Sold Short	$	(7,879,124	)	$	—	$	—	$	(7,879,124	)

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	All or a portion of these securities have been segregated by the custodian as collateral for open securities sold short transactions. The total value of such securities is $25,742.
(B)	Non-income producing securities.
(C)	There were no transfers in or out of Level 3 during the period ended July 31, 2019. Please reference the Security Valuation section of the Notes to Schedules of Investments for more information regarding security valuation and pricing inputs.

PORTFOLIO ABBREVIATION:

ADR American Depositary Receipt

The notes are an integral part of this report. Transamerica Funds Page    5

Transamerica Managed Futures Strategy

CONSOLIDATED SCHEDULE OF INVESTMENTS

At July 31, 2019

(unaudited)

	Principal		Value
SHORT-TERM U.S. GOVERNMENT OBLIGATIONS - 77.8%
U.S. Treasury Bill
2.06% (A), 01/16/2020 - 01/23/2020		$  6,625,000		$  6,562,026
2.08% (A), 01/30/2020		454,000		449,319
2.13% (A), 01/09/2020		2,628,000		2,604,093
2.18% (A), 12/19/2019		436,000		432,556
2.19% (A), 12/12/2019		413,000		409,901
2.31% (A), 12/05/2019		427,000		423,960
2.39% (A), 11/14/2019		13,428,000		13,274,172
2.40% (A), 10/10/2019 - 11/21/2019		23,928,000		23,797,147
2.41% (A), 10/31/2019 - 11/07/2019		38,772,000		38,564,477
2.42% (A), 11/14/2019		19,386,000		19,252,842
2.44% (A), 10/03/2019		1,180,000		1,175,799
2.52% (A), 08/15/2019		2,926,000		2,923,720
Total Short-Term U.S. Government Obligations (Cost $109,879,377)				109,870,012
	Shares		Value
SHORT-TERM INVESTMENT COMPANIES - 14.2%
Money Market Funds - 14.2%
BlackRock Liquidity Funds T-Fund Portfolio		1,539,371		1,539,371
Dreyfus Treasury & Agency Cash Management		6,178,473		6,178,473
UBS Select Treasury Preferred		12,323,183		12,323,183
Total Short-Term Investment Companies (Cost $20,041,027)				20,041,027
Total Investments (Cost $129,920,404)				129,911,039
Net Other Assets (Liabilities) - 8.0%				11,333,727
Net Assets - 100.0%				$  141,244,766

The notes are an integral part of this report. Transamerica Funds Page    1

Transamerica Managed Futures Strategy

CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

OVER-THE-COUNTER SWAP AGREEMENTS:

Total Return Swap Agreements ^(B)

Reference Entity	Counterparty	Pay/ Receive	Payment Frequency		Maturity Date		Notional Amount			Number of Shares or Units		Value				Premiums Paid (Received)			Net Unrealized Appreciation (Depreciation)
2-Year U.S. Treasury Note Futures	BOA	Pay		Maturity		09/30/2019		USD	18,605,347		174,000		$	52,754			$	—		$	52,754
5-Year U.S. Treasury Note Futures	BOA	Pay		Maturity		09/30/2019		USD	12,241,385		105,000			101,857				—			101,857
10-Year Italy Government Bond Futures	BOA	Pay		Maturity		09/06/2019		EUR	5,628,671		44,000			578,927				—			578,927
10-Year Japan Government Bond Futures	BOA	Pay		Maturity		09/12/2019		JPY	1,534,743,600		10,000,000			32,690				—			32,690
10-Year U.K. Gilt Futures	BOA	Pay		Maturity		09/26/2019		GBP	5,164,880		40,000			180,372				—			180,372
10-Year U.S. Treasury Note Futures	BOA	Pay		Maturity		09/19/2019		USD	8,407,229		67,000			136,318				—			136,318
20-Year U.S. Treasury Note Futures	BOA	Pay		Maturity		09/19/2019		USD	4,979,216		33,000			159,503				—			159,503
Aluminum Futures	CITI	Receive		Maturity		09/16/2019		USD	849,019		475			(1,350	)			—			(1,350	)
BM&F Bovespa Index Futures	MLI	Pay		Maturity		08/14/2019		BRL	5,555,163		55			14,513				—			14,513
Cocoa Futures	CITI	Pay		Maturity		11/29/2019		GBP	356,753		190			(1,998	)			—			(1,998	)
Copper Futures	CITI	Receive		Maturity		09/16/2019		USD	1,785,720		300			9,195				—			9,195
Corn Futures	CITI	Pay		Maturity		08/23/2019		USD	627,905		140,000			(67,555	)			—			(67,555	)
Cotton No. 2 Futures	CITI	Receive		Maturity		11/08/2019		USD	419,874		650,000			4,914				—			4,914
Euro OAT Futures	BOA	Pay		Maturity		09/06/2019		EUR	5,018,916		31,000			182,893				—			182,893
Gasoil Bullet Futures	CITI	Receive		Maturity		09/11/2019		USD	3,022,235		5,100			(31,391	)			—			(31,391	)
German Euro BOBL Futures	BOA	Pay		Maturity		09/06/2019		EUR	19,143,234		143,000			179,075				—			179,075
German Euro Bond Futures	BOA	Pay		Maturity		09/06/2019		EUR	588,313		3,000			42,760				—			42,760
German Euro Bund Futures	BOA	Pay		Maturity		09/06/2019		EUR	7,846,825		46,000			228,480				—			228,480
German Euro Schatz Futures	BOA	Pay		Maturity		09/06/2019		EUR	20,287,783		181,000			47,648				—			47,648
Gold Futures	MLI	Pay		Maturity		11/29/2019		USD	2,730,080		1,900			(22,770	)			—			(22,770	)
Heating Oil Futures	CITI	Receive		Maturity		08/29/2019		USD	903,411		462,000			1,957				—			1,957
HG Copper Futures	MLI	Receive		Maturity		08/30/2019		USD	2,154,541		800,000			25,341				—			25,341
London Cocoa Futures	CITI	Pay		Maturity		08/30/2019		GBP	92,850		50			(1,946	)			—			(1,946	)
Natural Gas Futures	CITI	Receive		Maturity		08/28/2019		USD	4,303,990		1,810,000			253,210				—			253,210
Nickel Futures	CITI	Pay		Maturity		09/16/2019		USD	257,226		18			3,900				—			3,900
Palladium Futures	CITI	Pay		Maturity		08/30/2019		USD	594,271		400			12,929				—			12,929
Platinum Futures	CITI	Receive		Maturity		09/30/2019		USD	204,289		250			(12,786	)			—			(12,786	)
RBOB Gasoline Futures	CITI	Pay		Maturity		08/29/2019		USD	80,913		42,000			(3,478	)			—			(3,478	)
Silver Futures	MLI	Pay		Maturity		08/30/2019		USD	329,325		20,000			(3,625	)			—			(3,625	)
Soybean Futures	CITI	Receive		Maturity		10/25/2019		USD	2,048,668		230,000			21,218				—			21,218
Soybean Meal Futures	CITI	Receive		Maturity		11/22/2019		USD	551,879		1,700			32,699				—			32,699
Soybean Meal Futures	MLI	Receive		Maturity		11/22/2019		USD	1,232,220		3,900			41,160				—			41,160
Soybean Oil Futures	CITI	Receive		Maturity		11/22/2019		USD	423,861		1,500,000			411				—			411
Swiss Market Index Futures	MLI	Pay		Maturity		09/20/2019		CHF	3,277,502		330			(7,241	)			—			(7,241	)
U.S. Treasury Note Futures	BOA	Pay		Maturity		09/19/2019		USD	3,920,617		23,000			165,477				—			165,477
Wheat Futures	MLI	Receive		Maturity		08/23/2019		USD	24,050		5,000			2,912				—			2,912
WTI Crude Oil Futures	MLI	Receive		Maturity		08/19/2019		USD	6,845,510		117,000			79,400				—			79,400
Zinc Futures	CITI	Receive		Maturity		09/16/2019		USD	620,063		250			7,437				—			7,437
Total													$	2,445,810			$	—		$	2,445,810

	Value
OTC Swap Agreements, at value (Assets)	$	2,599,950
OTC Swap Agreements, at value (Liabilities)	$	(154,140	)

The notes are an integral part of this report. Transamerica Funds Page    2

Transamerica Managed Futures Strategy

CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

FUTURES CONTRACTS:

Long Futures Contracts:

Description	Number of Contracts		Expiration Date		Notional Amount			Value			Unrealized Appreciation			Unrealized Depreciation
90-Day Eurodollar		64		12/16/2019		$	15,634,977		$	15,656,800		$	21,823		$	—
90-Day Eurodollar		40		03/16/2020			9,781,012			9,809,000			27,988			—
90-Day Eurodollar		36		06/15/2020			8,803,539			8,837,100			33,561			—
90-Day Eurodollar		39		09/14/2020			9,548,457			9,580,837			32,380			—
90-Day Eurodollar		48		12/14/2020			11,742,900			11,792,400			49,500			—
90-Day Eurodollar		54		03/15/2021			13,230,192			13,273,200			43,008			—
90-Day Eurodollar		64		06/14/2021			15,731,894			15,731,200			—			(694	)
90-Day Sterling		65		12/18/2019			9,807,168			9,811,644			4,476			—
90-Day Sterling		60		03/18/2020			9,060,999			9,066,479			5,480			—
90-Day Sterling		57		06/17/2020			8,607,226			8,617,054			9,828			—
90-Day Sterling		59		09/16/2020			8,902,941			8,920,753			17,812			—
90-Day Sterling		60		12/16/2020			9,051,750			9,069,216			17,466			—
90-Day Sterling		58		03/17/2021			8,750,861			8,769,113			18,252			—
90-Day Sterling		59		06/16/2021			8,900,751			8,919,856			19,105			—
3-Month Copper		1		08/14/2019			150,866			147,814			—			(3,052	)
3-Month Copper		1		08/16/2019			151,056			147,856			—			(3,200	)
3-Month Copper		1		08/20/2019			150,503			147,896			—			(2,607	)
3-Month Copper		1		09/13/2019			145,603			148,056			2,453			—
3-Month Copper		1		10/30/2019			149,203			148,168			—			(1,035	)
3-Month EURIBOR		57		12/16/2019			15,839,479			15,856,785			17,306			—
3-Month EURIBOR		66		03/16/2020			18,340,304			18,364,141			23,837			—
3-Month EURIBOR		74		06/15/2020			20,572,112			20,592,146			20,034			—
3-Month EURIBOR		73		09/14/2020			20,292,153			20,313,873			21,720			—
3-Month EURIBOR		72		12/14/2020			20,012,677			20,036,597			23,920			—
3-Month EURIBOR		70		03/15/2021			19,453,671			19,476,151			22,480			—
3-Month EURIBOR		29		06/14/2021			8,057,281			8,067,086			9,805			—
3-Month Euroswiss		4		12/16/2019			1,013,650			1,014,831			1,181			—
3-Month Euroswiss		5		03/16/2020			1,265,790			1,268,664			2,874			—
3-Month Euroswiss		5		06/15/2020			1,267,421			1,268,664			1,243			—
3-Month Nickel		1		08/08/2019			72,063			86,765			14,702			—
3-Month Nickel		1		09/13/2019			71,883			87,013			15,130			—
3-Month Zinc		1		09/10/2019			62,003			61,209			—			(794	)
3-Month Zinc		1		09/11/2019			62,709			61,216			—			(1,493	)
3-Month Zinc		1		09/12/2019			62,828			61,223			—			(1,605	)
3-Month Zinc		2		09/13/2019			124,044			122,459			—			(1,585	)
2-Year U.S. Treasury Note		34		09/30/2019			7,304,046			7,289,812			—			(14,234	)
3-Year Australia Treasury Bond		560		09/16/2019			44,030,456			44,211,676			181,220			—
10-Year Australia Treasury Bond		80		09/16/2019			7,815,944			7,944,790			128,846			—
10-Year Canada Government Bond		14		09/19/2019			1,507,252			1,509,577			2,325			—
10-Year Japan Government Bond		3		09/12/2019			4,238,158			4,241,199			3,041			—
30-Year U.S. Treasury Bond		4		09/19/2019			615,583			622,375			6,792			—
Amsterdam Index		11		08/16/2019			1,391,057			1,385,305			—			(5,752	)
CAC 40 Index		170		08/16/2019			10,538,881			10,385,269			—			(153,612	)
Canada Bankers’ Acceptance		9		12/16/2019			1,673,125			1,671,134			—			(1,991	)
Canada Bankers’ Acceptance		9		03/16/2020			1,674,884			1,672,242			—			(2,642	)
Cocoa		5		09/13/2019			121,687			115,994			—			(5,693	)
Cocoa		4		12/12/2019			91,319			90,916			—			(403	)
Cocoa		10		12/13/2019			243,608			240,000			—			(3,608	)
Copper		1		09/18/2019			149,903			148,044			—			(1,859	)
Corn		23		09/13/2019			517,588			460,287			—			(57,301	)
DAX® Index		4		09/20/2019			1,385,124			1,348,825			—			(36,299	)
E-Mini DJIA Index		81		09/20/2019			10,759,922			10,876,275			116,353			—
Euro OAT		23		09/06/2019			4,217,094			4,257,845			40,751			—
EURO STOXX 50® Index		252		09/20/2019			9,666,477			9,657,738			—			(8,739	)
Euro-BTP Italy Government Bond		7		09/06/2019			1,049,317			1,083,388			34,071			—
FTSE 100 Index		113		09/20/2019			10,209,919			10,355,229			145,310			—
FTSE China A50 Index		51		08/29/2019			697,070			694,875			—			(2,195	)
FTSE MIB Index		8		09/20/2019			964,372			946,795			—			(17,577	)
German Euro BOBL		20		09/06/2019			2,980,931			2,988,901			7,970			—
German Euro Schatz		155		09/06/2019			19,254,493			19,273,293			18,800			—
Gold 100 oz		84		12/27/2019			12,085,213			12,077,520			—			(7,693	)

The notes are an integral part of this report. Transamerica Funds Page    3

Transamerica Managed Futures Strategy

CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

FUTURES CONTRACTS (continued):

Long Futures Contracts (continued):

Description	Number of Contracts		Expiration Date		Notional Amount				Value				Unrealized Appreciation			Unrealized Depreciation
MSCI Singapore Index		10		08/29/2019		$	275,296			$	272,651			$	—		$	(2,645	)
MSCI Taiwan Index		48		08/29/2019			1,922,071				1,911,840				—			(10,231	)
NASDAQ-100 E-Mini Index		83		09/20/2019			12,765,327				13,058,805				293,478			—
Nickel		1		09/18/2019			71,768				87,042				15,274			—
OMX Stockholm 30 Index		11		08/16/2019			184,909				182,114				—			(2,795	)
S&P 500® E-Mini Index		73		09/20/2019			10,693,243				10,885,395				192,152			—
S&P/ASX 200 Index		118		09/19/2019			13,164,420				13,621,198				456,778			—
S&P/TSX 60 Index		44		09/19/2019			6,549,262				6,524,322				—			(24,940	)
Silver		4		09/26/2019			329,590				328,100				—			(1,490	)
U.K. Gilt		96		09/26/2019			15,253,122				15,507,314				254,192			—
Total														$	2,374,717		$	(377,764	)
Short Futures Contracts:
Description	Number of Contracts		Expiration Date		Notional Amount				Value				Unrealized Appreciation			Unrealized Depreciation
3-Month Copper		(1)		08/14/2019		$	(150,967	)		$	(147,813	)		$	3,154		$	—
3-Month Copper		(1)		08/16/2019			(151,319	)			(147,856	)			3,463			—
3-Month Copper		(1)		08/20/2019			(150,728	)			(147,896	)			2,832			—
3-Month Copper		(1)		09/13/2019			(146,074	)			(148,056	)			—			(1,982	)
3-Month Copper		(1)		10/30/2019			(149,962	)			(148,168	)			1,794			—
3-Month Nickel		(1)		08/08/2019			(72,077	)			(86,765	)			—			(14,688	)
3-Month Nickel		(1)		09/13/2019			(71,758	)			(87,013	)			—			(15,255	)
3-Month Zinc		(1)		09/10/2019			(61,907	)			(61,209	)			698			—
3-Month Zinc		(1)		09/11/2019			(62,993	)			(61,216	)			1,777			—
3-Month Zinc		(1)		09/12/2019			(62,865	)			(61,222	)			1,643			—
3-Month Zinc		(2)		09/13/2019			(123,885	)			(122,458	)			1,427			—
Brent Crude Oil		(77)		08/30/2019			(4,904,159	)			(5,008,850	)			—			(104,691	)
Coffee		(3)		09/18/2019			(112,174	)			(112,106	)			68			—
Copper		(1)		09/18/2019			(145,547	)			(148,044	)			—			(2,497	)
Copper		(4)		09/26/2019			(270,352	)			(266,600	)			3,752			—
Cotton No. 2		(15)		12/06/2019			(496,453	)			(478,800	)			17,653			—
E-Mini Russell 2000® Index		(57)		09/20/2019			(4,442,898	)			(4,493,595	)			—			(50,697	)
FTSE JSE Top 40 Index		(16)		09/19/2019			(577,433	)			(565,219	)			12,214			—
Hang Seng Index		(4)		08/29/2019			(717,289	)			(709,159	)			8,130			—
HSCEI Index		(13)		08/29/2019			(900,146	)			(886,550	)			13,596			—
IBEX 35 Index		(1)		08/16/2019			(99,341	)			(99,398	)			—			(57	)
KC HRW Wheat		(11)		09/13/2019			(245,233	)			(232,513	)			12,720			—
KOSPI 200 Index		(93)		09/11/2019			(5,361,264	)			(5,244,073	)			117,191			—
Lean Hogs Futures		(8)		10/14/2019			(232,997	)			(227,200	)			5,797			—
Low Sulfur Gasoil		(36)		09/12/2019			(2,141,637	)			(2,173,500	)			—			(31,863	)
MSCI Emerging Markets Index		(4)		09/20/2019			(202,473	)			(205,120	)			—			(2,647	)
Natural Gas		(108)		08/28/2019			(2,610,247	)			(2,411,640	)			198,607			—
New York Harbor ULSD		(2)		08/30/2019			(166,932	)			(165,539	)			1,393			—
Nickel		(1)		09/18/2019			(71,517	)			(87,042	)			—			(15,525	)
Nikkei 225 Index		(5)		09/12/2019			(978,327	)			(990,440	)			—			(12,113	)
S&P Midcap 400® E-Mini Index		(1)		09/20/2019			(192,570	)			(196,810	)			—			(4,240	)
Soybean Meal		(4)		11/14/2019			(179,224	)			(176,300	)			2,924			—
Soybean Meal		(3)		12/13/2019			(94,286	)			(91,620	)			2,666			—
Soybean Oil		(10)		12/13/2019			(170,207	)			(169,380	)			827			—
Sugar No. 11		(68)		09/30/2019			(910,142	)			(929,914	)			—			(19,772	)
TOPIX Index		(19)		09/12/2019			(2,711,253	)			(2,734,994	)			—			(23,741	)
Wheat		(16)		09/13/2019			(402,157	)			(389,800	)			12,357			—
WTI Crude		(47)		08/20/2019			(2,762,926	)			(2,753,260	)			9,666			—
Zinc		(5)		09/18/2019			(310,736	)			(306,313	)			4,423			—
Total														$	440,772		$	(299,768	)
Total Futures Contracts														$	2,815,489		$	(677,532	)

The notes are an integral part of this report. Transamerica Funds Page    4

Transamerica Managed Futures Strategy

CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

FORWARD FOREIGN CURRENCY CONTRACTS:

Counterparty	Settlement Date		Currency Purchased		Currency Sold			Unrealized Appreciation		Unrealized Depreciation
CITI		09/18/2019	USD	33,660,743		AUD	48,260,000	$	601,973	$	—
CITI		09/18/2019	USD	4,257,792		BRL	16,821,000		—		(133,370	)
CITI		09/18/2019	USD	9,672,387		CAD	12,953,002		—		(151,254	)
CITI		09/18/2019	USD	441,816		CHF	435,000		2,734		(352	)
CITI		09/18/2019	USD	894,719		COP	2,927,447,032		11,576		(6,379	)
CITI		09/18/2019	USD	75,670,750		EUR	67,133,631		1,057,029		—
CITI		09/18/2019	USD	46,831,428		GBP	36,843,000		1,917,574		(16	)
CITI		09/18/2019	USD	115,361		HKD	904,000		—		(164	)
CITI		09/18/2019	USD	5,396,946		HUF	1,556,671,000		97,450		—
CITI		09/18/2019	USD	1,175,949		IDR	17,169,122,000		477		(42,862	)
CITI		09/18/2019	USD	342,734		ILS	1,227,999		—		(8,011	)
CITI		09/18/2019	USD	1,143,991		INR	79,935,000		122		(12,314	)
CITI		09/18/2019	USD	2,011,904		JPY	217,254,000		7,531		(46	)
CITI		09/18/2019	USD	27,928,730		KRW	32,804,682,831		198,059		(39,079	)
CITI		09/18/2019	USD	3,187,511		MXN	62,935,000		1,411		(71,277	)
CITI		09/18/2019	USD	9,441,706		NOK	81,953,000		175,792		—
CITI		09/18/2019	USD	15,874,478		NZD	24,167,000		51,756		(61,719	)
CITI		09/18/2019	USD	1,562,846		PHP	81,500,000		7		(35,906	)
CITI		09/18/2019	USD	9,783,886		PLN	37,070,000		208,018		—
CITI		09/18/2019	USD	16,234,347		SEK	152,753,000		365,248		—
CITI		09/18/2019	USD	1,756,996		SGD	2,401,000		10,318		(1,854	)
CITI		09/18/2019	USD	4,789,342		TWD	149,914,000		2,770		(47,633	)
CITI		09/18/2019	AUD	2,140,000		USD	1,494,380		—		(28,450	)
CITI		09/18/2019	HUF	531,549,000		USD	1,859,786		—		(50,191	)
CITI		09/18/2019	CAD	80,481,000		USD	61,282,804		130,405		(375,890	)
CITI		09/18/2019	CHF	10,128,000		USD	10,260,841		26,248		(55,857	)
CITI		09/18/2019	PLN	66,404,000		USD	17,412,413		—		(259,027	)
CITI		09/18/2019	BRL	32,891,000		USD	8,512,363		113,405		(39,499	)
CITI		09/18/2019	MXN	176,110,000		USD	8,978,486		143,253		(6,679	)
CITI		09/18/2019	JPY	3,083,148,187		USD	28,554,728		55,124		(164,267	)
CITI		09/18/2019	TWD	34,372,000		USD	1,103,324		5,965		(912	)
CITI		09/18/2019	EUR	13,068,000		USD	14,851,196		—		(327,149	)
CITI		09/18/2019	INR	422,308,000		USD	6,017,730		91,827		(1,281	)
CITI		09/18/2019	KRW	6,559,710,000		USD	5,538,815		19,360		(5,264	)
CITI		09/18/2019	IDR	74,982,423,008		USD	5,188,189		133,139		(519	)
CITI		09/18/2019	NOK	44,461,000		USD	5,162,157		—		(135,227	)
CITI		09/18/2019	ZAR	270,741,000		USD	18,982,082		55,049		(274,326	)
CITI		09/18/2019	PHP	190,602,000		USD	3,638,258		100,688		—
CITI		09/18/2019	NZD	46,915,000		USD	31,443,422		—		(607,221	)
CITI		09/18/2019	COP	2,054,703,000		USD	628,672		3,276		(7,612	)
CITI		09/18/2019	SGD	1,081,000		USD	795,221		—		(7,982	)
CITI		09/18/2019	ILS	3,023,000		USD	854,370		9,398		(325	)
CITI		09/18/2019	SEK	58,855,000		USD	6,254,736		—		(140,448	)
CITI		09/18/2019	HKD	904,000		USD	115,421		105		—
CITI		09/18/2019	GBP	7,117,000		USD	9,053,886		—		(377,831	)
CITI		09/18/2019	USD	2,665,123		ZAR	39,586,000		—		(78,252	)
CITI		09/23/2019	USD	1,196,418		CLP	826,323,008		23,194		(861	)
CITI		09/23/2019	CLP	99,245,000		USD	141,571		375		(932	)
Total								$	5,620,656	$	(3,558,238	)

The notes are an integral part of this report. Transamerica Funds Page    5

Transamerica Managed Futures Strategy

CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

SECURITY VALUATION:

Valuation Inputs ^(C)

	Level 1 - Unadjusted Quoted Prices			Level 2 - Other Significant Observable Inputs			Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Short-Term U.S. Government Obligations	$	—		$	109,870,012		$	—	$	109,870,012
Short-Term Investment Companies		20,041,027			—			—		20,041,027
Total Investments	$	20,041,027		$	109,870,012		$	—	$	129,911,039
Other Financial Instruments
Over-the-Counter Total Return Swap Agreements	$	—		$	2,599,950		$	—	$	2,599,950
Futures Contracts (D)		2,815,489			—			—		2,815,489
Forward Foreign Currency Contracts (D)		—			5,620,656			—		5,620,656
Total Other Financial Instruments	$	2,815,489		$	8,220,606		$	—	$	11,036,095
LIABILITIES
Other Financial Instruments
Over-the-Counter Total Return Swap Agreements	$	—		$	(154,140	)	$	—	$	(154,140	)
Futures Contracts (D)		(677,532	)		—			—		(677,532	)
Forward Foreign Currency Contracts (D)		—			(3,558,238	)		—		(3,558,238	)
Total Other Financial Instruments	$	(677,532	)	$	(3,712,378	)	$	—	$	(4,389,910	)

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	Rates disclosed reflect the yields at July 31, 2019.
(B)	At the termination date, a net cash flow is exchanged where the total return is equivalent to the return of the reference entity less a financing rate, if any. As a receiver, the Fund would receive payments based on any positive total return and would owe payments in the event of a negative total return. As the payer, the Fund would owe payments on any net positive total return and would receive payment in the event of a negative total return.
(C)	There were no transfers in or out of Level 3 during the period ended July 31, 2019. Please reference the Security Valuation section of the Notes to Schedules of Investments for more information regarding security valuation and pricing inputs.
(D)	Futures contracts and/or forward foreign currency contracts are valued at unrealized appreciation (depreciation).

CURRENCY ABBREVIATIONS:

AUD	Australian Dollar
BRL	Brazilian Real
CAD	Canadian Dollar
CHF	Swiss Franc
CLP	Chilean Peso
COP	Columbian Peso
EUR	Euro
GBP	Pound Sterling
HKD	Hong Kong Dollar
HUF	Hungarian Forint
IDR	Indonesian Rupiah
ILS	Israel New Shekel
INR	Indian Rupee
JPY	Japanese Yen
KRW	South Korean Won
MXN	Mexican Peso
NOK	Norwegian Krone
NZD	New Zealand Dollar
PHP	Philippine Peso
PLN	Polish Zloty
SEK	Swedish Krona
SGD	Singapore Dollar
TWD	Taiwan New Dollar
USD	United States Dollar
ZAR	South African Rand

The notes are an integral part of this report. Transamerica Funds Page    6

Transamerica Managed Futures Strategy

CONSOLIDATED SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

COUNTERPARTY ABBREVIATIONS:

BOA	Bank of America, N.A.
CITI	Citibank, N.A.
MLI	Merrill Lynch International

PORTFOLIO ABBREVIATIONS:

ASX	Australian Securities Exchange
BM&F Bovespa	Bolsa de Valores, Mercadorias & Futuros de Sao Paulo (Brazilian Stock Exchange Index)
BOBL	Bundesobligationen (German Federal Government Securities)
BTP	Buoni del Tesoro Poliennali (Italian Treasury Bonds)
CAC	Cotation Assistée en Continu (French Stock Market Index)
DAX	Deutscher Aktienindex (Frankfurt Stock Index)
DJIA	Dow Jones Industrial Average
EURIBOR	Euro Interbank Offer Rate
FTSE	Financial Times Stock Exchange
HG	High Grade
HSCEI	Hang Seng China Enterprises Index
IBEX	Índice Bursatil Español (Bolsa de Madrid Stock Market Index)
JSE	Johannesburg Stock Exchange
KC HRW	Kansas City Hard Red Winter
KOSPI	Korean Composite Stock Price Index
MIB	Milano Italia Borsa (FTSE MIB is the primary benchmark index for the Italian equity markets)
NASDAQ	National Association of Securities Dealers Automated Quotations
OAT	Obligations Assimilables du Tresor (Treasury Obligations)
OMX	Norwegian Stockholm Stock Exchange
RBOB	Reformulated Blendstock for Oxygenate Blending
Schatz	Bundesschatzanweisungen (German Federal Government 2-Year Securities)
STOXX	Deutsche Börse Group & SIX Group Index
TOPIX	Tokyo Price Index
TSX	Toronto Stock Exchange
ULSD	Ultra-Low Sulfur Diesel
WTI	West Texas Intermediate

The notes are an integral part of this report. Transamerica Funds Page    7

Transamerica Mid Cap Growth

SCHEDULE OF INVESTMENTS

At July 31, 2019

(unaudited)

	Shares		Value
COMMON STOCKS - 99.9%
Aerospace & Defense - 7.7%
BWX Technologies, Inc.		50,337		$    2,713,667
Hexcel Corp.		36,955		3,021,441
				5,735,108
Banks - 2.3%
First Republic Bank		17,260		1,714,954
Biotechnology - 6.6%
Bluebird Bio, Inc. (A) (B)		7,726		1,013,883
Incyte Corp. (A)		23,988		2,037,061
Seattle Genetics, Inc. (A)		24,730		1,872,308
				4,923,252
Diversified Consumer Services - 5.4%
Bright Horizons Family Solutions, Inc. (A)		26,322		4,002,787
Electronic Equipment, Instruments & Components - 5.4%
CDW Corp.		18,284		2,160,437
Flex, Ltd. (A)		165,890		1,849,674
				4,010,111
Entertainment - 3.4%
Take-Two Interactive Software, Inc. (A)		20,651		2,530,160
Equity Real Estate Investment Trusts - 4.6%
SBA Communications Corp.		13,930		3,418,561
Health Care Equipment & Supplies - 2.8%
Penumbra, Inc. (A)		12,673		2,123,995
Health Care Providers & Services - 2.0%
Centene Corp. (A)		28,562		1,487,795
Hotels, Restaurants & Leisure - 10.1%
Aramark		101,509		3,673,611
Domino’s Pizza, Inc.		6,915		1,690,925
Vail Resorts, Inc.		8,819		2,174,060
				7,538,596
Internet & Direct Marketing Retail - 5.7%
Expedia Group, Inc.		25,862		3,432,922
Wayfair, Inc., Class A (A)		6,039		792,075
				4,224,997
IT Services - 11.0%
Gartner, Inc. (A)		29,450		4,103,269
Global Payments, Inc.		24,396		4,096,576
				8,199,845
Pharmaceuticals - 4.1%
Elanco Animal Health, Inc. (A)		93,203		3,071,971
Professional Services - 7.8%
IHS Markit, Ltd. (A)		58,636		3,777,331
TransUnion		24,289		2,010,886
				5,788,217

	Shares		Value
COMMON STOCKS (continued)
Semiconductors & Semiconductor Equipment - 4.9%
Advanced Micro Devices, Inc. (A)		52,095		$   1,586,293
KLA Corp.		14,938		2,036,348
				3,622,641
Software - 8.2%
DocuSign, Inc. (A)		37,443		1,936,552
Guidewire Software, Inc. (A)		15,876		1,620,622
SS&C Technologies Holdings, Inc.		53,399		2,560,482
				6,117,656
Specialty Retail - 4.7%
Burlington Stores, Inc. (A)		19,367		3,500,585
Textiles, Apparel & Luxury Goods - 3.2%
Under Armour, Inc., Class A (A)		103,975		2,398,703
Total Common Stocks (Cost $64,919,695)				74,409,934
OTHER INVESTMENT COMPANY - 1.4%
Securities Lending Collateral - 1.4%
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 2.32% (C)		1,035,284		1,035,284
Total Other Investment Company (Cost $1,035,284)				1,035,284
	Principal		Value
REPURCHASE AGREEMENT - 1.1%
Fixed Income Clearing Corp., 1.45% (C), dated 07/31/2019, to be repurchased at $840,454 on 08/01/2019. Collateralized by a U.S. Government Obligation, 2.50%, due 02/28/2021, and with a value of $861,347.		$  840,420		840,420
Total Repurchase Agreement (Cost $840,420)				840,420
Total Investments (Cost $66,795,399)				76,285,638
Net Other Assets (Liabilities) - (2.4)%				(1,823,909	)
Net Assets - 100.0%				$  74,461,729

The notes are an integral part of this report. Transamerica Funds Page    1

Transamerica Mid Cap Growth

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

SECURITY VALUATION:

Valuation Inputs ^(D)

	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Common Stocks	$	74,409,934	$	—	$	—	$	74,409,934
Other Investment Company		1,035,284		—		—		1,035,284
Repurchase Agreement		—		840,420		—		840,420
Total Investments	$	75,445,218	$	840,420	$	—	$	76,285,638

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	Non-income producing securities.
(B)	All or a portion of the security is on loan. The value of the security on loan is $1,013,883. The amount on loan indicated may not correspond with the security on loan identified because a security with pending sales are in the process of recall from the brokers.
(C)	Rates disclosed reflect the yields at July 31, 2019.
(D)	There were no transfers in or out of Level 3 during the period ended July 31, 2019. Please reference the Security Valuation section of the Notes to Schedules of Investments for more information regarding security valuation and pricing inputs.

The notes are an integral part of this report. Transamerica Funds Page    2

Transamerica Mid Cap Value

SCHEDULE OF INVESTMENTS

At July 31, 2019

(unaudited)

	Shares		Value
COMMON STOCKS - 99.2%
Auto Components - 0.7%
BorgWarner, Inc.		26,906		$  1,017,047
Banks - 9.2%
Citizens Financial Group, Inc.		41,061		1,529,933
Comerica, Inc.		13,290		972,828
Fifth Third Bancorp		74,158		2,201,751
First Republic Bank		13,825		1,373,652
Huntington Bancshares, Inc.		80,530		1,147,553
M&T Bank Corp.		16,593		2,725,400
SunTrust Banks, Inc.		36,429		2,426,171
Zions Bancorp NA		11,976		539,758
				12,917,046
Beverages - 1.7%
Constellation Brands, Inc., Class A		6,365		1,252,759
Keurig Dr. Pepper, Inc. (A)		21,065		592,769
Molson Coors Brewing Co., Class B		9,156		494,333
				2,339,861
Building Products - 0.8%
Fortune Brands Home & Security, Inc.		20,103		1,104,459
Capital Markets - 5.2%
Ameriprise Financial, Inc.		11,407		1,659,833
Invesco, Ltd.		27,212		522,198
Northern Trust Corp.		16,195		1,587,110
Raymond James Financial, Inc.		15,785		1,273,376
T. Rowe Price Group, Inc.		20,229		2,293,766
				7,336,283
Chemicals - 1.1%
Sherwin-Williams Co.		2,999		1,538,607
Communications Equipment - 0.3%
CommScope Holding Co., Inc. (B)		26,776		382,361
Construction Materials - 0.9%
Martin Marietta Materials, Inc.		5,385		1,334,134
Consumer Finance - 0.3%
Ally Financial, Inc.		11,854		390,115
Containers & Packaging - 2.8%
Ball Corp.		19,783		1,414,089
Silgan Holdings, Inc.		48,916		1,470,415
WestRock Co.		27,824		1,003,055
				3,887,559
Distributors - 0.6%
Genuine Parts Co.		9,162		889,813
Electric Utilities - 3.8%
Edison International		11,820		881,063
Evergy, Inc.		23,519		1,422,664
Xcel Energy, Inc.		52,373		3,121,955
				5,425,682
Electrical Equipment - 2.6%
Acuity Brands, Inc.		9,965		1,337,502

	Shares		Value
COMMON STOCKS (continued)
Electrical Equipment (continued)
AMETEK, Inc.		16,536		$   1,481,791
Hubbell, Inc.		6,487		842,532
				3,661,825
Electronic Equipment, Instruments & Components - 4.3%
Amphenol Corp., Class A		15,129		1,411,839
Arrow Electronics, Inc. (B)		22,200		1,611,942
CDW Corp.		17,951		2,121,090
Keysight Technologies, Inc. (B)		9,929		888,844
				6,033,715
Equity Real Estate Investment Trusts - 13.0%
American Campus Communities, Inc.		17,470		816,722
American Homes 4 Rent Trust, Class A		36,155		875,312
AvalonBay Communities, Inc.		9,563		1,996,659
Boston Properties, Inc.		13,673		1,817,825
Brixmor Property Group, Inc.		65,365		1,240,628
Essex Property Trust, Inc.		3,966		1,198,604
Federal Realty Investment Trust		11,703		1,544,913
JBG SMITH Properties		15,569		609,215
Kimco Realty Corp.		51,766		994,425
Outfront Media, Inc.		42,350		1,151,073
Rayonier, Inc.		36,140		1,049,506
Regency Centers Corp.		13,258		884,309
Ventas, Inc.		11,075		745,237
Vornado Realty Trust		23,617		1,519,045
Weyerhaeuser Co.		31,792		807,835
WP Carey, Inc.		12,852		1,112,212
				18,363,520
Food & Staples Retailing - 0.5%
Kroger Co.		35,774		756,978
Food Products - 0.9%
Post Holdings, Inc. (B)		11,758		1,260,693
Gas Utilities - 0.9%
National Fuel Gas Co.		26,653		1,272,414
Health Care Equipment & Supplies - 1.4%
Zimmer Biomet Holdings, Inc.		15,000		2,026,950
Health Care Providers & Services - 5.7%
AmerisourceBergen Corp.		19,246		1,677,289
Cigna Corp. (B)		6,111		1,038,381
Convetrus, Inc. (A) (B)		11,094		262,595
Henry Schein, Inc. (B)		15,735		1,047,007
Humana, Inc.		2,444		725,257
Laboratory Corp. of America Holdings (B)		9,664		1,618,913
Universal Health Services, Inc., Class B		11,298		1,704,416
				8,073,858
Hotels, Restaurants & Leisure - 0.8%
Hilton Worldwide Holdings, Inc.		11,792		1,138,518
Household Durables - 1.3%
Mohawk Industries, Inc. (B)		11,759		1,466,230
Newell Brands, Inc.		29,790		422,720
				1,888,950
Household Products - 0.6%
Energizer Holdings, Inc. (A)		20,181		849,216
Industrial Conglomerates - 0.7%
Carlisle Cos., Inc.		6,374		919,195

The notes are an integral part of this report. Transamerica Funds Page    1

Transamerica Mid Cap Value

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Insurance - 8.1%
Alleghany Corp. (B)		1,423		$   975,794
Hartford Financial Services Group, Inc.		37,045		2,134,903
Lincoln National Corp.		16,382		1,070,400
Loews Corp.		53,988		2,890,518
Marsh & McLennan Cos., Inc.		12,840		1,268,592
Principal Financial Group, Inc.		6,176		358,455
Progressive Corp.		15,585		1,262,073
Unum Group		10,468		334,453
WR Berkley Corp.		15,447		1,071,867
				11,367,055
Internet & Direct Marketing Retail - 1.5%
Expedia Group, Inc.		15,915		2,112,557
IT Services - 0.9%
Jack Henry & Associates, Inc.		9,165		1,280,350
Machinery - 3.3%
IDEX Corp.		8,822		1,484,037
Lincoln Electric Holdings, Inc.		5,750		485,990
Middleby Corp. (B)		9,500		1,276,610
Snap-on, Inc.		9,400		1,434,534
				4,681,171
Media - 2.6%
CBS Corp., Class B		17,124		882,057
DISH Network Corp., Class A (B)		26,696		903,927
Liberty Broadband Corp., Class C (B)		6,680		664,727
Liberty Media Corp. - Liberty SiriusXM, Class C (B)		28,419		1,189,619
				3,640,330
Multi-Utilities - 6.0%
CMS Energy Corp.		54,696		3,184,401
Sempra Energy		15,492		2,098,081
WEC Energy Group, Inc.		37,632		3,216,031
				8,498,513
Multiline Retail - 1.5%
Kohl’s Corp.		23,176		1,248,259
Nordstrom, Inc. (A)		24,698		817,751
				2,066,010
Oil, Gas & Consumable Fuels - 5.5%
Cabot Oil & Gas Corp.		52,148		999,156
Diamondback Energy, Inc.		21,599		2,233,984
EQT Corp.		40,216		607,664
Equitrans Midstream Corp.		37,082		615,190
PBF Energy, Inc., Class A		31,177		870,774
Williams Cos., Inc.		99,896		2,461,437
				7,788,205
Personal Products - 0.3%
Coty, Inc., Class A		40,971		446,994
Real Estate Management & Development - 1.6%
CBRE Group, Inc., Class A (B)		34,156		1,810,610
Cushman & Wakefield PLC (A) (B)		24,100		478,144
				2,288,754
Semiconductors & Semiconductor Equipment - 0.5%
Analog Devices, Inc.		5,697		669,170

	Shares		Value
COMMON STOCKS (continued)
Software - 0.9%
Synopsys, Inc. (B)		9,894		$   1,313,527
Specialty Retail - 4.2%
AutoZone, Inc. (B)		1,943		2,182,067
Best Buy Co., Inc.		19,690		1,506,876
Gap, Inc.		50,629		987,265
Tiffany & Co.		14,078		1,322,206
				5,998,414
Textiles, Apparel & Luxury Goods - 1.6%
PVH Corp.		12,428		1,105,098
Ralph Lauren Corp.		10,448		1,088,995
				2,194,093
Trading Companies & Distributors - 0.6%
MSC Industrial Direct Co., Inc., Class A		11,928		847,484
Total Common Stocks (Cost $80,319,126)				140,001,426
OTHER INVESTMENT COMPANY - 1.6%
Securities Lending Collateral - 1.6%
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 2.32% (C)		2,297,069		2,297,069
Total Other Investment Company (Cost $2,297,069)				2,297,069
	Principal		Value
REPURCHASE AGREEMENT - 0.9%
Fixed Income Clearing Corp., 1.45% (C), dated 07/31/2019, to be repurchased at $1,270,743 on 08/01/2019. Collateralized by a U.S. Government Obligation, 2.50%, due 02/28/2021, and with a value of $1,299,665.		$  1,270,692		1,270,692
Total Repurchase Agreement (Cost $1,270,692)				1,270,692
Total Investments (Cost $83,886,887)				143,569,187
Net Other Assets (Liabilities) - (1.7)%				(2,407,616	)
Net Assets - 100.0%				$  141,161,571

The notes are an integral part of this report. Transamerica Funds Page    2

Transamerica Mid Cap Value

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

SECURITY VALUATION:

Valuation Inputs ^(D)

	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Common Stocks	$	140,001,426	$	—	$	—	$	140,001,426
Other Investment Company		2,297,069		—		—		2,297,069
Repurchase Agreement		—		1,270,692		—		1,270,692
Total Investments	$	142,298,495	$	1,270,692	$	—	$	143,569,187

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	All or a portion of the securities are on loan. The total value of all securities on loan is $2,247,226. 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.
(B)	Non-income producing securities.
(C)	Rates disclosed reflect the yields at July 31, 2019.
(D)	There were no transfers in or out of Level 3 during the period ended July 31, 2019. Please reference the Security Valuation section of the Notes to Schedules of Investments for more information regarding security valuation and pricing inputs.

The notes are an integral part of this report. Transamerica Funds Page    3

Transamerica Mid Cap Value Opportunities

SCHEDULE OF INVESTMENTS

At July 31, 2019

(unaudited)

	Shares		Value
COMMON STOCKS - 93.8%
Airlines - 2.7%
Alaska Air Group, Inc.		479,716		$  30,394,806
JetBlue Airways Corp. (A)		869,200		16,714,716
				47,109,522
Banks - 2.4%
CIT Group, Inc.		568,460		28,735,653
Signature Bank		104,200		13,281,332
				42,016,985
Beverages - 2.3%
Molson Coors Brewing Co., Class B		733,502		39,601,773
Biotechnology - 1.3%
United Therapeutics Corp. (A)		288,100		22,829,044
Capital Markets - 1.6%
E*TRADE Financial Corp.		581,000		28,346,990
Chemicals - 2.6%
Corteva, Inc. (A)		640,200		18,885,900
PPG Industries, Inc.		147,300		17,291,547
Westlake Chemical Corp.		131,400		8,878,698
				45,056,145
Commercial Services & Supplies - 0.8%
Stericycle, Inc. (A)		293,307		13,480,390
Construction & Engineering - 0.3%
Jacobs Engineering Group, Inc.		62,649		5,169,169
Consumer Finance - 0.7%
Ally Financial, Inc.		385,739		12,694,670
Distributors - 1.9%
LKQ Corp. (A)		1,229,900		33,121,207
Diversified Financial Services - 1.5%
Jefferies Financial Group, Inc.		1,206,100		25,726,113
Diversified Telecommunication Services - 1.0%
GCI Liberty, Inc., Class A (A)		295,500		17,650,215
Electric Utilities - 5.5%
Alliant Energy Corp.		344,600		17,071,484
FirstEnergy Corp.		881,900		38,777,143
PPL Corp.		1,334,250		39,533,827
				95,382,454
Entertainment - 1.7%
Viacom, Inc., Class B		954,000		28,953,900
Equity Real Estate Investment Trusts - 5.6%
Brixmor Property Group, Inc.		968,300		18,378,334
Colony Capital, Inc.		3,171,205		17,917,308
Gaming and Leisure Properties, Inc.		460,100		17,350,371
JBG SMITH Properties		587,970		23,007,266
VEREIT, Inc.		2,205,900		20,117,808
				96,771,087

	Shares		Value
COMMON STOCKS (continued)
Food & Staples Retailing - 2.5%
Casey’s General Stores, Inc.		79,616		$   12,890,627
US Foods Holding Corp. (A)		868,600		30,722,382
				43,613,009
Food Products - 5.2%
General Mills, Inc.		465,900		24,743,949
J.M. Smucker Co.		107,800		11,986,282
Kellogg Co.		240,600		14,007,732
Post Holdings, Inc. (A)		367,800		39,435,516
				90,173,479
Health Care Equipment & Supplies - 1.5%
Zimmer Biomet Holdings, Inc.		195,200		26,377,376
Health Care Providers & Services - 6.1%
AmerisourceBergen Corp.		378,256		32,965,010
Cardinal Health, Inc.		584,768		26,741,441
DaVita, Inc. (A)		247,900		14,836,815
Laboratory Corp. of America Holdings (A)		193,903		32,482,631
				107,025,897
Hotels, Restaurants & Leisure - 2.2%
Aramark		838,100		30,330,839
Stars Group, Inc. (A) (B)		537,800		8,362,790
				38,693,629
Insurance - 12.1%
Alleghany Corp. (A)		47,925		32,863,610
Allstate Corp.		309,800		33,272,520
Arch Capital Group, Ltd. (A)		815,600		31,555,564
Fidelity National Financial, Inc.		814,503		34,925,889
Loews Corp.		539,020		28,859,131
Markel Corp. (A)		21,100		23,503,923
Willis Towers Watson PLC		131,366		25,645,270
				210,625,907
Internet & Direct Marketing Retail - 3.3%
Expedia Group, Inc.		247,455		32,847,150
Qurate Retail, Inc. (A)		1,765,500		24,964,170
				57,811,320
Machinery - 1.6%
Trinity Industries, Inc.		1,418,002		27,792,839
Media - 6.4%
Discovery, Inc., Class C (A)		721,980		20,388,715
DISH Network Corp., Class A (A)		627,493		21,246,913
Fox Corp., Class A		479,700		17,902,404
Liberty Media Corp. - Liberty SiriusXM, Class C (A)		531,700		22,256,962
News Corp., Class A		2,266,100		29,821,876
				111,616,870
Mortgage Real Estate Investment Trusts - 3.1%
Annaly Capital Management, Inc.		5,652,345		53,979,895
Multi-Utilities - 2.8%
CenterPoint Energy, Inc.		1,697,200		49,235,772
Multiline Retail - 1.3%
Dollar Tree, Inc. (A)		218,000		22,181,500

The notes are an integral part of this report. Transamerica Funds Page    1

Transamerica Mid Cap Value Opportunities

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Oil, Gas & Consumable Fuels - 3.4%
Antero Resources Corp. (A)		3,412,300		$   15,730,703
EQT Corp.		1,190,500		17,988,455
Williams Cos., Inc.		1,041,400		25,660,096
				59,379,254
Personal Products - 0.6%
Coty, Inc., Class A		956,500		10,435,415
Pharmaceuticals - 1.2%
Perrigo Co. PLC		384,900		20,788,449
Professional Services - 0.7%
Nielsen Holdings PLC		533,100		12,346,596
Semiconductors & Semiconductor Equipment - 1.2%
Applied Materials, Inc.		170,100		8,397,837
Qorvo, Inc. (A)		162,200		11,887,638
				20,285,475
Software - 2.0%
CDK Global, Inc.		661,000		34,286,070
Specialty Retail - 2.0%
Foot Locker, Inc.		516,200		21,195,172
L Brands, Inc.		506,000		13,130,700
				34,325,872
Technology Hardware, Storage & Peripherals - 1.1%
NCR Corp. (A)		583,300		19,721,373
Trading Companies & Distributors - 1.6%
AerCap Holdings NV (A)		516,600		28,170,198
Total Common Stocks (Cost $1,504,467,538)				1,632,775,859

	Shares		Value
OTHER INVESTMENT COMPANY - 0.1%
Securities Lending Collateral - 0.1%
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 2.32% (C)		1,156,800		$   1,156,800
Total Other Investment Company (Cost $1,156,800)				1,156,800
	Principal		Value
REPURCHASE AGREEMENT - 5.9%
Fixed Income Clearing Corp., 1.45% (C), dated 07/31/2019, to be repurchased at $102,112,908 on 08/01/2019. Collateralized by a U.S. Government Obligation, 2.50%, due 02/28/2021, and with a value of $104,151,575.		$  102,108,796		102,108,796
Total Repurchase Agreement (Cost $102,108,796)				102,108,796
Total Investments (Cost $1,607,733,134)				1,736,041,455
Net Other Assets (Liabilities) - 0.2%				3,602,136
Net Assets - 100.0%				$  1,739,643,591

SECURITY VALUATION:

Valuation Inputs ^(D)

	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Common Stocks	$	1,632,775,859	$	—	$	—	$	1,632,775,859
Other Investment Company		1,156,800		—		—		1,156,800
Repurchase Agreement		—		102,108,796		—		102,108,796
Total Investments	$	1,633,932,659	$	102,108,796	$	—	$	1,736,041,455

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	Non-income producing securities.
(B)	All or a portion of the security is on loan. The value of the security on loan is $1,124,265. The amount on loan indicated may not correspond with the security on loan identified because a security with pending sales are in the process of recall from the brokers.
(C)	Rates disclosed reflect the yields at July 31, 2019.
(D)	There were no transfers in or out of Level 3 during the period ended July 31, 2019. Please reference the Security Valuation section of the Notes to Schedules of Investments for more information regarding security valuation and pricing inputs.

The notes are an integral part of this report. Transamerica Funds Page    2

Transamerica MLP & Energy Income

SCHEDULE OF INVESTMENTS

At July 31, 2019

(unaudited)

	Shares		Value
COMMON STOCKS - 61.1%
Oil, Gas & Consumable Fuels - 61.1%
Antero Midstream Corp. (A)		305,500		$  2,786,160
Cheniere Energy, Inc. (B)		279,591		18,215,354
Enbridge, Inc.		379,454		12,669,969
EnLink Midstream LLC (A)		296,200		2,843,520
GasLog, Ltd.		270,947		3,858,285
Kinder Morgan, Inc.		761,900		15,710,378
ONEOK, Inc.		306,375		21,470,760
Pembina Pipeline Corp.		497,100		18,039,759
Phillips 66		101,000		10,358,560
Plains GP Holdings, LP, Class A (B)		877,213		21,193,466
Targa Resources Corp.		250,035		9,728,862
TC Energy Corp.		237,425		11,624,328
Williams Cos., Inc.		795,560		19,602,598
Total Common Stocks (Cost $159,578,797)				168,101,999
MASTER LIMITED PARTNERSHIPS - 36.1% (C)
Independent Power & Renewable Electricity Producers - 2.4%
Brookfield Renewable Partners, LP (B)		50,000		1,792,500
NextEra Energy Partners, LP		101,122		4,918,574
				6,711,074
Multi-Utilities - 1.0%
Brookfield Infrastructure Partners, LP		60,000		2,656,800
Oil, Gas & Consumable Fuels - 32.7%
BP Midstream Partners, LP		162,455		2,602,529
Crestwood Equity Partners, LP		35,700		1,338,393
DCP Midstream, LP		40,600		1,199,324
Energy Transfer, LP		859,837		12,364,456
Enterprise Products Partners, LP		362,311		10,909,184
EQM Midstream Partners, LP		70,820		2,727,278
GasLog Partners, LP		300,948		6,485,430
Hess Midstream Partners, LP		78,200		1,576,512
Hoegh LNG Partners, LP		248,800		4,401,272
KNOT Offshore Partners, LP		119,302		2,316,845
Magellan Midstream Partners, LP		107,000		7,076,980
MPLX, LP		259,081		7,604,027
Phillips 66 Partners, LP		95,100		4,969,926
Shell Midstream Partners, LP		290,305		6,267,685
Tallgrass Energy, LP		412,049		7,898,979
TC PipeLines, LP		8,500		344,165
Viper Energy Partners, LP		100,300		3,235,678
Western Midstream Operating, LP		242,507		6,547,689
				89,866,352
Total Master Limited Partnerships (Cost $98,167,550)				99,234,226
	Principal		Value
CORPORATE DEBT SECURITY - 1.0%
Oil, Gas & Consumable Fuels - 1.0%
SemGroup Corp. / Rose Rock Finance Corp. 5.63%, 07/15/2022		$  2,800,000		2,754,500
Total Corporate Debt Security (Cost $2,690,606)				2,754,500

	Shares		Value
OTHER INVESTMENT COMPANY - 1.3%
Securities Lending Collateral - 1.3%
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 2.32% (D)		3,526,366		$   3,526,366
Total Other Investment Company (Cost $3,526,366)				3,526,366
	Principal		Value
REPURCHASE AGREEMENT - 1.4%
Fixed Income Clearing Corp., 1.45% (D), dated 07/31/2019, to be repurchased at $3,953,815 on 08/01/2019. Collateralized by a U.S. Government Obligation, 2.50%, due 02/28/2021, and with a value of $4,036,606.		$  3,953,656		3,953,656
Total Repurchase Agreement (Cost $3,953,656)				3,953,656
Total Investments (Cost $267,916,975)				277,570,747
Net Other Assets (Liabilities) - (0.9)%				(2,340,043	)
Net Assets - 100.0%				$  275,230,704

The notes are an integral part of this report. Transamerica Funds Page    1

Transamerica MLP & Energy Income

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

SECURITY VALUATION:

Valuation Inputs ^(E)

	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Common Stocks	$	168,101,999	$	—	$	—	$	168,101,999
Master Limited Partnerships		99,234,226		—		—		99,234,226
Corporate Debt Security		—		2,754,500		—		2,754,500
Other Investment Company		3,526,366		—		—		3,526,366
Repurchase Agreement		—		3,953,656		—		3,953,656
Total Investments	$	270,862,591	$	6,708,156	$	—	$	277,570,747

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	All or a portion of the securities are on loan. The total value of all securities on loan is $3,385,311. 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.
(B)	Non-income producing securities.
(C)	The Fund may directly invest up to, but not more than, 25% of its total assets in equity or debt securities of master limited partnerships and other entities that are treated as qualified publicly traded partnerships for federal income tax purposes. This limit does not apply to master limited partnerships, which are not treated as publicly traded partnerships for federal income tax purposes.
(D)	Rates disclosed reflect the yields at July 31, 2019.
(E)	There were no transfers in or out of Level 3 during the period ended July 31, 2019. Please reference the Security Valuation section of the Notes to Schedules of Investments for more information regarding security valuation and pricing inputs.

The notes are an integral part of this report. Transamerica Funds Page    2

Transamerica Multi-Asset Income

SCHEDULE OF INVESTMENTS

At July 31, 2019

(unaudited)

	Shares		Value
COMMON STOCKS - 46.8%
Airlines - 1.5%
Delta Air Lines, Inc.		47,991		$  2,929,371
Banks - 3.6%
Bank of America Corp.		27,500		843,700
Citigroup, Inc.		30,000		2,134,800
JPMorgan Chase & Co.		35,000		4,060,000
				7,038,500
Beverages - 0.8%
Coca-Cola Co.		30,000		1,578,900
Thai Beverage PCL		3		2
				1,578,902
Biotechnology - 1.7%
AbbVie, Inc.		15,000		999,300
Amgen, Inc.		12,000		2,238,960
				3,238,260
Chemicals - 1.0%
Corteva, Inc. (A)		8,175		241,162
Dow, Inc. (A)		24,166		1,170,601
DuPont de Nemours, Inc.		8,175		589,908
				2,001,671
Communications Equipment - 1.7%
Cisco Systems, Inc.		60,000		3,324,000
Diversified Telecommunication Services - 1.6%
HKT Trust & HKT, Ltd.		689,540		1,102,820
Verizon Communications, Inc.		37,500		2,072,625
				3,175,445
Electric Utilities - 0.8%
Duke Energy Corp.		18,500		1,604,320
Equity Real Estate Investment Trusts - 3.1%
HCP, Inc.		70,000		2,235,100
STORE Capital Corp.		64,008		2,189,714
Ventas, Inc.		25,000		1,682,250
				6,107,064
Food & Staples Retailing - 1.1%
Walmart, Inc.		20,000		2,207,600
Food Products - 0.3%
Mowi ASA		20,000		480,658
Health Care Providers & Services - 1.0%
CVS Health Corp.		35,000		1,955,450
Hotels, Restaurants & Leisure - 0.9%
Carnival Corp.		35,000		1,653,050
Household Products - 1.2%
Procter & Gamble Co.		19,825		2,340,143

	Shares		Value
COMMON STOCKS (continued)
Insurance - 2.7%
Allstate Corp.		20,000		$   2,148,000
Fidelity National Financial, Inc.		50,000		2,144,000
Prudential Financial, Inc.		10,000		1,013,100
				5,305,100
Interactive Media & Services - 2.4%
Alphabet, Inc., Class C (A)		3,900		4,745,052
Media - 1.1%
Comcast Corp., Class A		50,000		2,158,500
Mortgage Real Estate Investment Trusts - 3.1%
Annaly Capital Management, Inc.		189,350		1,808,292
Blackstone Mortgage Trust, Inc., Class A		44,925		1,595,736
Starwood Property Trust, Inc.		111,320		2,585,964
				5,989,992
Multi-Utilities - 0.9%
Dominion Energy, Inc.		24,000		1,782,960
Multiline Retail - 0.1%
Kohl’s Corp.		5,000		269,300
Oil, Gas & Consumable Fuels - 1.9%
BP PLC, ADR		35,000		1,390,900
Valero Energy Corp.		27,500		2,344,375
				3,735,275
Pharmaceuticals - 2.4%
Johnson & Johnson		14,000		1,823,080
Merck & Co., Inc.		35,000		2,904,650
				4,727,730
Semiconductors & Semiconductor Equipment - 2.8%
Broadcom, Inc.		10,000		2,899,900
Intel Corp.		40,000		2,022,000
QUALCOMM, Inc.		7,500		548,700
				5,470,600
Software - 2.8%
Microsoft Corp.		40,750		5,553,002
Specialty Retail - 2.9%
Foot Locker, Inc.		47,550		1,952,403
Home Depot, Inc.		15,000		3,205,350
Lowe’s Cos., Inc.		5,000		507,000
				5,664,753
Technology Hardware, Storage & Peripherals - 3.4%
Apple, Inc.		27,500		5,858,600
Western Digital Corp.		16,100		867,629
				6,726,229
Total Common Stocks (Cost $77,972,620)				91,762,927
PREFERRED STOCKS - 7.8%
Automobiles - 0.3%
Ford Motor Co.,
6.20%		20,000		542,800
Banks - 1.3%
Bank of America Corp.,
Series W, 6.63%		26,249		664,625

The notes are an integral part of this report. Transamerica Funds Page    1

Transamerica Multi-Asset Income

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Shares		Value
PREFERRED STOCKS (continued)
Banks (continued)
Citigroup, Inc.,
Series J, Fixed until 09/30/2023, 7.13% (B) (C)		12,000		$   340,920
Wells Fargo & Co.,
Series R, Fixed until 03/15/2024, 6.63% (B)		50,000		1,431,000
				2,436,545
Diversified Financial Services - 0.4%
Voya Financial, Inc.,
Series B, Fixed until 09/15/2029, 5.35% (B)		30,000		780,000
Electric Utilities - 1.3%
Duke Energy Corp.,
Series A, 5.75%		63,500		1,755,775
NextEra Energy Capital Holdings, Inc.,
Series N, 5.65%		30,000		813,000
				2,568,775
Equity Real Estate Investment Trusts - 0.7%
Colony Capital, Inc.
Series E, 8.75% (C)		10,350		266,926
Series G, 7.50%		8,250		195,938
Digital Realty Trust, Inc.,
Series C, 6.63%		10,000		266,200
Public Storage,
Series H, 5.60% (C)		25,000		681,250
				1,410,314
Insurance - 1.8%
Athene Holding, Ltd.,
Series A, Fixed until 06/30/2029, 6.35% (B)		35,000		956,200
Enstar Group, Ltd.,
Series E, 7.00%		60,000		1,592,400
Torchmark Corp.,
6.13%		20,000		539,400
WR Berkley Corp.,
5.70% (C)		15,000		402,000
				3,490,000
Mortgage Real Estate Investment Trusts - 1.5%
AGNC Investment Corp.,
Series B, 7.75%		15,000		382,200
Annaly Capital Management, Inc.,
Series F, Fixed until 09/30/2022, 6.95% (B)		62,000		1,594,640
Two Harbors Investment Corp.,
Series B, Fixed until 07/27/2027, 7.63% (B)		39,800		1,030,820
				3,007,660
Real Estate Management & Development - 0.5%
Brookfield Property Partners, LP,
Series A, 6.50%		39,500		1,014,360
Total Preferred Stocks (Cost $14,629,076)				15,250,454
MASTER LIMITED PARTNERSHIPS - 0.8%
Capital Markets - 0.5%
AllianceBernstein Holding, LP		35,000		1,055,950

	Shares		Value
MASTER LIMITED PARTNERSHIPS (continued)
Oil, Gas & Consumable Fuels - 0.3%
Tallgrass Energy, LP		25,000		$   479,250
Total Master Limited Partnerships (Cost $1,289,323)				1,535,200
	Principal		Value
CORPORATE DEBT SECURITIES - 42.9%
Aerospace & Defense - 0.8%
TransDigm, Inc.
6.25%, 03/15/2026 (D)		$  1,500,000		1,573,125
Air Freight & Logistics - 0.3%
XPO Logistics, Inc.
6.13%, 09/01/2023 (D)		500,000		515,000
Auto Components - 2.1%
American Axle & Manufacturing, Inc.
6.25%, 03/15/2026		500,000		498,125
6.63%, 10/15/2022 (C)		818,000		828,282
Cooper Tire & Rubber Co.
7.63%, 03/15/2027		79,000		88,875
8.00%, 12/15/2019		300,000		304,461
Dana, Inc.
6.00%, 09/15/2023		1,130,000		1,154,013
Panther BF Aggregator 2, LP / Panther Finance Co., Inc.
6.25%, 05/15/2026 (D)		1,250,000		1,293,375
				4,167,131
Building Products - 0.5%
Builders FirstSource, Inc.
6.75%, 06/01/2027 (D)		1,000,000		1,052,500
Capital Markets - 1.6%
BCD Acquisition, Inc.
9.63%, 09/15/2023 (D)		1,565,000		1,633,469
MSCI, Inc.
5.75%, 08/15/2025 (D)		1,500,000		1,563,300
				3,196,769
Chemicals - 1.2%
Blue Cube Spinco LLC
9.75%, 10/15/2023		1,250,000		1,375,000
Chemours Co.
7.00%, 05/15/2025		1,000,000		980,867
				2,355,867
Commercial Services & Supplies - 2.4%
Ashtead Capital, Inc.
5.63%, 10/01/2024 (D)		1,500,000		1,546,875
Cimpress NV
7.00%, 06/15/2026 (D)		1,500,000		1,503,750
FXI Holdings, Inc.
7.88%, 11/01/2024 (D)		750,000		675,000
Prime Security Services Borrower LLC / Prime Finance, Inc.
9.25%, 05/15/2023 (D)		432,000		453,870
Waste Pro, Inc.
5.50%, 02/15/2026 (D)		500,000		511,250
				4,690,745

The notes are an integral part of this report. Transamerica Funds Page    2

Transamerica Multi-Asset Income

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Communications Equipment - 0.5%
CommScope Technologies LLC
6.00%, 06/15/2025 (D)		$   1,000,000		$   910,000
Construction & Engineering - 0.2%
New Enterprise Stone & Lime Co., Inc.
6.25%, 03/15/2026 (D)		200,000		204,700
Tutor Perini Corp.
6.88%, 05/01/2025 (D)		250,000		245,313
				450,013
Construction Materials - 0.2%
US Concrete, Inc.
6.38%, 06/01/2024		305,000		317,200
Consumer Finance - 0.8%
Navient Corp.
6.50%, 06/15/2022		500,000		532,350
7.25%, 01/25/2022, MTN		1,000,000		1,087,500
				1,619,850
Diversified Consumer Services - 0.4%
Carriage Services, Inc.
6.63%, 06/01/2026 (D)		805,000		825,125
Diversified Financial Services - 2.1%
Cornerstone Chemical Co.
6.75%, 08/15/2024 (D)		1,000,000		922,500
Icahn Enterprises, LP / Icahn Enterprises Finance Corp.
6.25%, 02/01/2022		1,500,000		1,541,430
ILFC E-Capital Trust I
1.55% + Max of 3-Month LIBOR, 10-Year CMT, or 30-Year CMT, 4.09% (B), 12/21/2065 (D)		1,500,000		1,050,000
Quicken Loans, Inc.
5.75%, 05/01/2025 (D)		550,000		567,941
				4,081,871
Diversified Telecommunication Services - 0.4%
Sable International Finance, Ltd.
5.75%, 09/07/2027 (D)		750,000		769,688
Electric Utilities - 1.2%
Drax Finco PLC
6.63%, 11/01/2025 (D)		1,750,000		1,820,000
Vistra Operations Co. LLC
5.50%, 09/01/2026 (D)		500,000		523,750
				2,343,750
Electronic Equipment, Instruments & Components - 0.2%
MTS Systems Corp.
5.75%, 08/15/2027 (D)		300,000		308,250
Energy Equipment & Services - 4.3%
Bristow Group, Inc.
8.75%, 03/01/2023 (D)		1,500,000		1,440,000
Enviva Partners, LP / Enviva Partners Finance Corp.
8.50%, 11/01/2021		2,000,000		2,062,500
Genesis Energy, LP / Genesis Energy Finance Corp.
6.00%, 05/15/2023		205,000		206,025

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Energy Equipment & Services (continued)
McDermott Technology Americas, Inc. / McDermott Technology US, Inc.
10.63%, 05/01/2024 (D)		$   1,000,000		$   823,750
Precision Drilling Corp.
7.13%, 01/15/2026 (D)		500,000		475,000
Rowan Cos., Inc.
7.38%, 06/15/2025		450,000		339,759
Transocean Poseidon, Ltd.
6.88%, 02/01/2027 (D)		1,250,000		1,334,400
Transocean Sentry, Ltd.
5.38%, 05/15/2023 (D)		750,000		751,875
USA Compression Partners, LP / USA Compression Finance Corp.
6.88%, 04/01/2026		1,000,000		1,040,100
				8,473,409
Entertainment - 0.4%
Netflix, Inc.
5.88%, 02/15/2025		760,000		827,351
Equity Real Estate Investment Trusts - 0.7%
ESH Hospitality, Inc.
5.25%, 05/01/2025 (D)		1,300,000		1,337,375
Food Products - 1.3%
B&G Foods, Inc.
5.25%, 04/01/2025 (C)		1,500,000		1,492,500
Pilgrim’s Pride Corp.
5.75%, 03/15/2025 (D)		1,000,000		1,032,500
				2,525,000
Hotels, Restaurants & Leisure - 0.9%
VOC Escrow, Ltd.
5.00%, 02/15/2028 (D)		950,000		967,812
Wyndham Destinations, Inc.
6.35%, 10/01/2025		650,000		711,620
				1,679,432
Household Products - 0.9%
Central Garden & Pet Co.
6.13%, 11/15/2023		1,700,000		1,763,750
Insurance - 0.4%
Brighthouse Financial, Inc.
4.70%, 06/22/2047		1,000,000		871,272
IT Services - 0.8%
First Data Corp.
5.75%, 01/15/2024 (D)		1,500,000		1,543,200
Machinery - 1.8%
JB Poindexter & Co., Inc.
7.13%, 04/15/2026 (D)		250,000		255,000
Meritor, Inc.
6.25%, 02/15/2024		1,440,000		1,483,200
Mueller Industries, Inc.
6.00%, 03/01/2027		1,400,000		1,398,250
Wabash National Corp.
5.50%, 10/01/2025 (D)		500,000		486,250
				3,622,700
Marine - 0.4%
Tidewater, Inc.
8.00%, 08/01/2022		700,000		731,500

The notes are an integral part of this report. Transamerica Funds Page    3

Transamerica Multi-Asset Income

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Media - 2.5%
CSC Holdings LLC
7.75%, 07/15/2025 (D)		$   1,000,000		$   1,075,000
Diamond Sports Group LLC / Diamond Sports Finance Co.
5.38%, 08/15/2026 (D) (E)		1,250,000		1,270,313
6.63%, 08/15/2027 (D) (E)		1,250,000		1,277,344
Sirius XM Radio, Inc.
5.38%, 04/15/2025 (D)		1,250,000		1,298,437
				4,921,094
Metals & Mining - 0.5%
U.S. Steel Corp.
6.88%, 08/15/2025 (C)		1,000,000		972,500
Multiline Retail - 0.9%
Dillard’s, Inc.
7.75%, 07/15/2026		1,150,000		1,289,236
7.88%, 01/01/2023		350,000		375,668
				1,664,904
Oil, Gas & Consumable Fuels - 3.3%
Andeavor Logistics, LP / Tesoro Logistics Finance Corp.
6.25%, 10/15/2022		1,559,000		1,597,055
6.38%, 05/01/2024		450,000		471,375
Holly Energy Partners, LP / Holly Energy Finance Corp.
6.00%, 08/01/2024 (D)		300,000		312,750
HollyFrontier Corp.
5.88%, 04/01/2026		1,000,000		1,106,587
NuStar Logistics, LP
6.00%, 06/01/2026		1,000,000		1,055,000
PBF Holding Co. LLC / PBF Finance Corp.
7.00%, 11/15/2023		1,000,000		1,037,800
Sunoco, LP / Sunoco Finance Corp.
6.00%, 04/15/2027		500,000		526,875
Valero Energy Corp.
8.75%, 06/15/2030		300,000		419,423
				6,526,865
Paper & Forest Products - 0.3%
Boise Cascade Co.
5.63%, 09/01/2024 (D)		150,000		153,750
Louisiana-Pacific Corp.
4.88%, 09/15/2024		500,000		510,000
				663,750
Professional Services - 0.2%
AMN Healthcare, Inc.
5.13%, 10/01/2024 (D)		380,000		388,550
Real Estate Management & Development - 0.7%
Hunt Cos., Inc.
6.25%, 02/15/2026 (D)		347,000		327,915
Kennedy-Wilson, Inc.
5.88%, 04/01/2024		1,000,000		1,021,020
				1,348,935

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Road & Rail - 0.9%
Fortress Transportation & Infrastructure Investors LLC
6.50%, 10/01/2025 (D)		$   350,000		$   362,687
6.75%, 03/15/2022 (D)		1,415,000		1,471,600
				1,834,287
Software - 1.5%
CDK Global, Inc.
5.25%, 05/15/2029 (D)		300,000		311,250
j2 Cloud Services LLC / j2 Global Co-Obligor, Inc.
6.00%, 07/15/2025 (D)		1,250,000		1,319,375
Open Text Corp.
5.63%, 01/15/2023 (D)		1,324,000		1,353,393
				2,984,018
Specialty Retail - 2.5%
Foot Locker, Inc.
8.50%, 01/15/2022		1,438,000		1,596,180
L Brands, Inc.
6.88%, 11/01/2035		1,000,000		890,000
6.95%, 03/01/2033		400,000		330,000
Lithia Motors, Inc.
5.25%, 08/01/2025 (D)		1,000,000		1,032,500
Rent-A-Center, Inc.
6.63%, 11/15/2020 (C)		1,042,000		1,042,938
				4,891,618
Technology Hardware, Storage & Peripherals - 0.8%
Dell International LLC / EMC Corp.
8.10%, 07/15/2036 (D)		1,250,000		1,572,193
Textiles, Apparel & Luxury Goods - 0.1%
PVH Corp.
7.75%, 11/15/2023		100,000		114,000
Trading Companies & Distributors - 1.2%
Beacon Roofing Supply, Inc.
4.88%, 11/01/2025 (D)		1,250,000		1,237,500
H&E Equipment Services, Inc.
5.63%, 09/01/2025		1,000,000		1,027,500
				2,265,000
Wireless Telecommunication Services - 0.7%
Sprint Corp.
7.25%, 09/15/2021		1,250,000		1,342,187
Total Corporate Debt Securities (Cost $83,187,630)				84,041,774
	Shares		Value
OTHER INVESTMENT COMPANY - 2.3%
Securities Lending Collateral - 2.3%
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 2.32% (F)		4,606,058		4,606,058
Total Other Investment Company (Cost $4,606,058)				4,606,058

The notes are an integral part of this report. Transamerica Funds Page    4

Transamerica Multi-Asset Income

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
REPURCHASE AGREEMENT - 1.9%
Fixed Income Clearing Corp., 1.45% (F), dated 07/31/2019, to be repurchased at $3,656,842 on 08/01/2019. Collateralized by a U.S. Government Obligation, 2.50%, due 02/28/2021, and with a value of $3,730,803.		$  3,656,695		$   3,656,695
Total Repurchase Agreement (Cost $3,656,695)				3,656,695
Total Investments (Cost $185,341,402)				200,853,108
Net Other Assets (Liabilities) - (2.5)%				(4,845,393	)
Net Assets - 100.0%				$  196,007,715

SECURITY VALUATION:

Valuation Inputs ^(G)

	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Common Stocks	$	90,179,447	$	1,583,480	$	—	$	91,762,927
Preferred Stocks		15,250,454		—		—		15,250,454
Master Limited Partnerships		1,535,200		—		—		1,535,200
Corporate Debt Securities		—		84,041,774		—		84,041,774
Other Investment Company		4,606,058		—		—		4,606,058
Repurchase Agreement		—		3,656,695		—		3,656,695
Total Investments	$	111,571,159	$	89,281,949	$	—	$	200,853,108

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	Non-income producing securities.
(B)	Floating or variable rate securities. The rates disclosed are as of July 31, 2019. For securities based on a published reference rate and spread, the reference rate and spread are indicated within the description. Variable rate securities with a floor or ceiling feature are disclosed at the inherent rate, where applicable. Certain variable rate securities are not based on a published reference rate and spread, but are determined by the issuer or agent and are based on current market conditions; these securities do not indicate a reference rate and spread in the description.
(C)	All or a portion of the securities are on loan. The total value of all securities on loan is $4,511,755. The amount of securities on loan indicated may not correspond with the securities on loan identified because securities with pending sales are in the process of recall from the brokers.
(D)	Securities are registered pursuant to Rule 144A of the Securities Act of 1933. Unless otherwise indicated, the securities are deemed to be liquid for purposes of compliance limitations on holdings of illiquid securities and may be resold as transactions exempt from registration, normally to qualified institutional buyers. At July 31, 2019, the total value of 144A securities is $45,680,500, representing 23.3% of the Fund’s net assets.
(E)	When-issued, delayed-delivery and/or forward commitment (including TBAs) securities. Securities to be settled and delivered after July 31, 2019. Securities may display a coupon rate of 0.00%, as the rate is to be determined at time of settlement.
(F)	Rates disclosed reflect the yields at July 31, 2019.
(G)	There were no transfers in or out of Level 3 during the period ended July 31, 2019. Please reference the Security Valuation section of the Notes to Schedules of Investments for more information regarding security valuation and pricing inputs.

PORTFOLIO ABBREVIATIONS:

ADR	American Depositary Receipt
CMT	Constant Maturity Treasury
LIBOR	London Interbank Offered Rate
MTN	Medium Term Note

The notes are an integral part of this report. Transamerica Funds Page    5

Transamerica Multi-Cap Growth

SCHEDULE OF INVESTMENTS

At July 31, 2019

(unaudited)

	Shares		Value
COMMON STOCKS - 95.9%
Banks - 5.1%
Wells Fargo & Co.		145,000		$  7,019,450
Western Alliance Bancorp (A)		132,500		6,550,800
				13,570,250
Beverages - 2.6%
Constellation Brands, Inc., Class A		35,000		6,888,700
Building Products - 2.5%
Fortune Brands Home & Security, Inc.		122,000		6,702,680
Capital Markets - 3.0%
S&P Global, Inc.		32,800		8,034,360
Chemicals - 4.8%
Ecolab, Inc.		22,200		4,478,406
Sherwin-Williams Co.		16,400		8,413,856
				12,892,262
Consumer Finance - 1.5%
Green Dot Corp., Class A (A)		79,000		4,004,510
Electronic Equipment, Instruments & Components - 5.3%
Amphenol Corp., Class A		90,000		8,398,800
Littelfuse, Inc.		34,450		5,820,672
				14,219,472
Entertainment - 3.1%
Walt Disney Co.		57,000		8,151,570
Health Care Equipment & Supplies - 2.9%
Becton Dickinson and Co.		30,800		7,786,240
Health Care Providers & Services - 2.6%
CVS Health Corp.		122,500		6,844,075
Insurance - 4.1%
Markel Corp. (A)		9,900		11,027,907
Interactive Media & Services - 10.8%
Alphabet, Inc., Class A (A)		12,700		15,471,140
Facebook, Inc., Class A (A)		68,000		13,207,640
				28,678,780
Internet & Direct Marketing Retail - 4.9%
Booking Holdings, Inc. (A)		6,950		13,111,939
IT Services - 10.0%
Broadridge Financial Solutions, Inc.		63,000		8,008,560
FleetCor Technologies, Inc. (A)		32,715		9,296,622
Mastercard, Inc., Class A		33,700		9,175,499
				26,480,681
Life Sciences Tools & Services - 2.6%
Thermo Fisher Scientific, Inc.		25,250		7,011,420
Machinery - 2.0%
Middleby Corp. (A)		39,100		5,254,258
Multiline Retail - 3.0%
Dollar Tree, Inc. (A)		77,400		7,875,450

	Shares		Value
COMMON STOCKS (continued)
Oil, Gas & Consumable Fuels - 2.7%
Phillips 66		69,000		$   7,076,640
Road & Rail - 2.7%
Union Pacific Corp.		39,550		7,117,023
Semiconductors & Semiconductor Equipment - 1.5%
NVIDIA Corp.		23,000		3,880,560
Software - 5.5%
Check Point Software Technologies, Ltd. (A)		67,700		7,579,015
Intuit, Inc.		25,000		6,932,750
				14,511,765
Specialty Retail - 6.0%
Lowe’s Cos., Inc.		75,800		7,686,120
TJX Cos., Inc.		149,400		8,151,264
				15,837,384
Technology Hardware, Storage & Peripherals - 6.7%
Apple, Inc.		84,000		17,895,360
Total Common Stocks (Cost $191,988,574)				254,853,286
	Principal		Value
REPURCHASE AGREEMENT - 4.2%
Fixed Income Clearing Corp., 1.45% (B), dated 07/31/2019, to be repurchased at $11,219,896 on 08/01/2019. Collateralized by a U.S. Government Obligation, 1.13%, due 02/28/2021, and with a value of $11,446,377.		$  11,219,444		11,219,444
Total Repurchase Agreement (Cost $11,219,444)				11,219,444
Total Investments (Cost $203,208,018)				266,072,730
Net Other Assets (Liabilities) - (0.1)%				(285,040	)
Net Assets - 100.0%				$  265,787,690

The notes are an integral part of this report. Transamerica Funds Page    1

Transamerica Multi-Cap Growth

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

SECURITY VALUATION:

Valuation Inputs ^(C)

	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Common Stocks	$	254,853,286	$	—	$	—	$	254,853,286
Repurchase Agreement		—		11,219,444		—		11,219,444
Total Investments	$	254,853,286	$	11,219,444	$	—	$	266,072,730

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	Non-income producing securities.
(B)	Rate disclosed reflects the yield at July 31, 2019.
(C)	There were no transfers in or out of Level 3 during the period ended July 31, 2019. Please reference the Security Valuation section of the Notes to Schedules of Investments for more information regarding security valuation and pricing inputs.

The notes are an integral part of this report. Transamerica Funds Page    2

Transamerica Multi-Managed Balanced

SCHEDULE OF INVESTMENTS

At July 31, 2019

(unaudited)

	Shares		Value
COMMON STOCKS - 60.2%
Aerospace & Defense - 1.4%
Boeing Co.		6,210		$  2,118,728
General Dynamics Corp.		26,630		4,951,582
Northrop Grumman Corp.		6,660		2,301,496
United Technologies Corp.		34,280		4,579,808
				13,951,614
Airlines - 0.3%
Delta Air Lines, Inc.		23,690		1,446,037
Southwest Airlines Co.		11,300		582,289
United Airlines Holdings, Inc. (A)		5,880		540,431
				2,568,757
Auto Components - 0.2%
BorgWarner, Inc.		28,750		1,086,750
Magna International, Inc.		22,510		1,134,954
				2,221,704
Automobiles - 0.1%
General Motors Co.		36,160		1,458,694
Banks - 3.0%
Bank of America Corp.		297,340		9,122,391
Citigroup, Inc.		118,770		8,451,673
Citizens Financial Group, Inc.		19,540		728,061
Fifth Third Bancorp		32,800		973,832
KeyCorp		171,540		3,151,190
Regions Financial Corp.		56,800		904,824
SunTrust Banks, Inc.		31,520		2,099,232
Wells Fargo & Co.		96,100		4,652,201
				30,083,404
Beverages - 1.3%
Coca-Cola Co.		172,120		9,058,676
Constellation Brands, Inc., Class A		4,810		946,704
Molson Coors Brewing Co., Class B		21,300		1,149,987
PepsiCo, Inc.		17,310		2,212,391
				13,367,758
Biotechnology - 1.3%
AbbVie, Inc.		32,500		2,165,150
Alexion Pharmaceuticals, Inc. (A)		14,890		1,686,888
Amgen, Inc.		2,660		496,303
Biogen, Inc. (A)		9,230		2,195,079
Celgene Corp. (A)		23,960		2,200,966
Gilead Sciences, Inc.		9,160		600,163
Regeneron Pharmaceuticals, Inc. (A)		4,790		1,459,800
Vertex Pharmaceuticals, Inc. (A)		12,820		2,136,068
				12,940,417
Building Products - 0.2%
Masco Corp.		46,850		1,910,075
Capital Markets - 1.9%
Ameriprise Financial, Inc.		8,100		1,178,631
Bank of New York Mellon Corp.		13,580		637,174
BlackRock, Inc.		1,300		607,984
Charles Schwab Corp.		62,510		2,701,682
CME Group, Inc.		2,990		581,316
Franklin Resources, Inc.		43,200		1,409,616

	Shares		Value
COMMON STOCKS (continued)
Capital Markets (continued)
Intercontinental Exchange, Inc.		47,070		$   4,135,570
Invesco, Ltd.		43,600		836,684
Morgan Stanley		121,450		5,411,812
TD Ameritrade Holding Corp.		37,230		1,902,453
				19,402,922
Chemicals - 1.2%
Celanese Corp.		14,540		1,630,952
Corteva, Inc. (A)		42,586		1,256,287
Dow, Inc. (A)		39,900		1,932,756
DuPont de Nemours, Inc.		26,286		1,896,798
Eastman Chemical Co.		35,580		2,680,953
Linde PLC		9,350		1,788,468
LyondellBasell Industries NV, Class A		7,100		594,199
RPM International, Inc.		2,440		165,505
				11,945,918
Commercial Services & Supplies - 0.1%
Cintas Corp.		1,540		401,078
Waste Management, Inc.		5,000		585,000
				986,078
Communications Equipment - 0.2%
Cisco Systems, Inc.		34,120		1,890,248
Motorola Solutions, Inc.		2,400		398,304
				2,288,552
Consumer Finance - 0.6%
American Express Co.		16,910		2,103,097
Capital One Financial Corp.		32,150		2,971,303
Synchrony Financial		34,400		1,234,272
				6,308,672
Containers & Packaging - 0.4%
Avery Dennison Corp.		7,220		829,361
Crown Holdings, Inc. (A)		19,530		1,250,115
Packaging Corp. of America		7,540		761,314
WestRock Co.		21,860		788,053
				3,628,843
Diversified Consumer Services - 0.0% (B)
H&R Block, Inc.		9,820		271,916
Diversified Financial Services - 1.0%
Berkshire Hathaway, Inc., Class B (A)		47,080		9,671,644
Diversified Telecommunication Services - 0.6%
Verizon Communications, Inc.		116,750		6,452,772
Electric Utilities - 1.7%
American Electric Power Co., Inc.		44,410		3,899,642
Edison International		43,200		3,220,128
Exelon Corp.		50,600		2,280,036
NextEra Energy, Inc.		22,540		4,669,612
Xcel Energy, Inc.		46,280		2,758,751
				16,828,169
Electrical Equipment - 0.6%
Eaton Corp. PLC		63,910		5,252,763
Emerson Electric Co.		5,200		337,376
				5,590,139

The notes are an integral part of this report. Transamerica Funds Page    1

Transamerica Multi-Managed Balanced

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Entertainment - 1.2%
Electronic Arts, Inc. (A)		28,550		$   2,640,875
Netflix, Inc. (A)		15,230		4,919,138
Walt Disney Co.		28,150		4,025,731
				11,585,744
Equity Real Estate Investment Trusts - 1.4%
AvalonBay Communities, Inc.		13,410		2,799,874
Boston Properties, Inc.		5,040		670,068
Digital Realty Trust, Inc.		3,710		424,276
Equinix, Inc.		2,160		1,084,536
Equity Residential		10,280		810,989
Federal Realty Investment Trust		9,110		1,202,611
Host Hotels & Resorts, Inc.		41,490		721,511
Mid-America Apartment Communities, Inc.		2,600		306,384
Prologis, Inc.		34,680		2,795,555
Public Storage		2,530		614,183
Ventas, Inc.		13,660		919,181
Vornado Realty Trust		25,260		1,624,723
				13,973,891
Food Products - 0.6%
Conagra Brands, Inc.		12,100		349,327
General Mills, Inc.		29,600		1,572,056
Mondelez International, Inc., Class A		79,270		4,240,152
				6,161,535
Health Care Equipment & Supplies - 1.9%
Becton Dickinson and Co.		3,880		980,864
Boston Scientific Corp. (A)		131,460		5,581,792
Danaher Corp.		3,010		422,905
Intuitive Surgical, Inc. (A)		2,000		1,039,020
Medtronic PLC		65,160		6,642,410
Zimmer Biomet Holdings, Inc.		33,750		4,560,637
				19,227,628
Health Care Providers & Services - 1.7%
Anthem, Inc.		10,280		3,028,591
Cigna Corp. (A)		35,710		6,067,843
McKesson Corp.		1,330		184,804
UnitedHealth Group, Inc.		32,320		8,048,003
				17,329,241
Hotels, Restaurants & Leisure - 0.7%
Hilton Worldwide Holdings, Inc.		22,170		2,140,514
Royal Caribbean Cruises, Ltd.		5,160		600,314
Yum! Brands, Inc.		36,940		4,156,489
				6,897,317
Household Durables - 0.1%
Lennar Corp., Class A		29,760		1,415,683
Household Products - 0.7%
Procter & Gamble Co.		55,450		6,545,318
Industrial Conglomerates - 0.7%
Honeywell International, Inc.		37,800		6,518,988
Insurance - 1.4%
Allstate Corp.		16,740		1,797,876
American International Group, Inc.		42,800		2,396,372
Arthur J. Gallagher & Co.		10,100		913,343
Everest Re Group, Ltd.		3,210		791,714
Hartford Financial Services Group, Inc.		43,500		2,506,905

	Shares		Value
COMMON STOCKS (continued)
Insurance (continued)
Lincoln National Corp.		30,540		$   1,995,484
MetLife, Inc.		78,210		3,865,138
				14,266,832
Interactive Media & Services - 2.7%
Alphabet, Inc., Class A (A)		8,930		10,878,526
Alphabet, Inc., Class C (A)		8,470		10,305,280
Facebook, Inc., Class A (A)		31,070		6,034,726
				27,218,532
Internet & Direct Marketing Retail - 2.4%
Amazon.com, Inc. (A)		11,080		20,683,923
Booking Holdings, Inc. (A)		530		999,903
Expedia Group, Inc.		16,950		2,249,943
				23,933,769
IT Services - 3.7%
Accenture PLC, Class A		23,100		4,448,598
Automatic Data Processing, Inc.		43,810		7,295,241
Cognizant Technology Solutions Corp., Class A		32,800		2,136,592
Fidelity National Information Services, Inc.		4,160		554,320
Fiserv, Inc. (A)		7,102		748,797
Mastercard, Inc., Class A		36,910		10,049,486
PayPal Holdings, Inc. (A)		52,240		5,767,296
Visa, Inc., Class A		35,010		6,231,780
				37,232,110
Life Sciences Tools & Services - 0.7%
Agilent Technologies, Inc.		1,610		111,750
Illumina, Inc. (A)		3,600		1,077,768
Thermo Fisher Scientific, Inc.		20,570		5,711,878
				6,901,396
Machinery - 1.4%
Caterpillar, Inc.		2,300		302,841
Cummins, Inc.		17,680		2,899,520
Deere & Co.		10,980		1,818,837
Ingersoll-Rand PLC		19,340		2,391,584
PACCAR, Inc.		36,620		2,568,527
Parker-Hannifin Corp.		3,200		560,256
Snap-on, Inc.		5,850		892,769
Stanley Black & Decker, Inc.		16,850		2,486,891
				13,921,225
Media - 1.8%
Altice, Inc., Class A (A)		38,440		992,136
Charter Communications, Inc., Class A (A)		12,640		4,871,203
Comcast Corp., Class A		213,410		9,212,910
Discovery, Inc., Class A (A) (C)		53,760		1,629,466
Discovery, Inc., Class C (A)		48,010		1,355,802
				18,061,517
Metals & Mining - 0.1%
Freeport-McMoRan, Inc.		31,750		351,155
Newmont Goldcorp Corp.		11,560		422,171
				773,326
Multi-Utilities - 0.3%
Sempra Energy		22,220		3,009,255
Multiline Retail - 0.2%
Dollar General Corp.		13,750		1,842,775

The notes are an integral part of this report. Transamerica Funds Page    2

Transamerica Multi-Managed Balanced

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Oil, Gas & Consumable Fuels - 2.9%
Chevron Corp.		74,380		$   9,156,922
Concho Resources, Inc.		5,550		542,124
Diamondback Energy, Inc.		22,600		2,337,518
EOG Resources, Inc.		53,850		4,623,022
Exxon Mobil Corp.		32,450		2,412,982
Marathon Petroleum Corp.		78,170		4,408,006
ONEOK, Inc.		31,220		2,187,898
Parsley Energy, Inc., Class A (A)		14,080		233,587
Phillips 66		2,800		287,168
Pioneer Natural Resources Co.		22,770		3,143,171
				29,332,398
Pharmaceuticals - 2.7%
Allergan PLC		10,090		1,619,445
Bristol-Myers Squibb Co.		28,350		1,259,023
Eli Lilly & Co.		38,482		4,192,614
Johnson & Johnson		46,990		6,119,038
Merck & Co., Inc.		89,620		7,437,564
Pfizer, Inc.		156,650		6,084,286
				26,711,970
Road & Rail - 1.2%
Lyft, Inc., Class A (A) (C)		11,800		718,266
Norfolk Southern Corp.		29,950		5,724,044
Union Pacific Corp.		29,120		5,240,144
				11,682,454
Semiconductors & Semiconductor Equipment - 2.6%
Analog Devices, Inc.		46,540		5,466,588
Intel Corp.		22,650		1,144,958
Marvell Technology Group, Ltd.		23,700		622,362
NVIDIA Corp.		25,400		4,285,488
NXP Semiconductors NV		30,800		3,184,412
QUALCOMM, Inc.		8,600		629,176
Teradyne, Inc.		53,290		2,969,852
Texas Instruments, Inc.		59,550		7,444,345
				25,747,181
Software - 4.0%
Intuit, Inc.		8,400		2,329,404
Microsoft Corp.		229,490		31,272,602
salesforce.com, Inc. (A)		33,730		5,211,285
VMware, Inc., Class A		5,100		889,899
Workday, Inc., Class A (A)		1,090		217,978
				39,921,168
Specialty Retail - 2.9%
Advance Auto Parts, Inc.		10,090		1,519,958
AutoZone, Inc. (A)		3,940		4,424,778
Best Buy Co., Inc.		33,850		2,590,540
Home Depot, Inc.		35,110		7,502,656
Lowe’s Cos., Inc.		45,220		4,585,308
O’Reilly Automotive, Inc. (A)		5,060		1,926,646
Ross Stores, Inc.		28,880		3,062,146
TJX Cos., Inc.		59,640		3,253,958
				28,865,990
Technology Hardware, Storage & Peripherals - 2.7%
Apple, Inc.		111,740		23,805,090

	Shares		Value
COMMON STOCKS (continued)
Technology Hardware, Storage & Peripherals (continued)
Hewlett Packard Enterprise Co.		107,180		$   1,540,177
HP, Inc.		81,160		1,707,606
				27,052,873
Textiles, Apparel & Luxury Goods - 0.4%
NIKE, Inc., Class B		30,400		2,615,312
PVH Corp.		13,690		1,217,315
				3,832,627
Tobacco - 0.8%
Altria Group, Inc.		33,710		1,586,730
Philip Morris International, Inc.		75,990		6,353,524
				7,940,254
Trading Companies & Distributors - 0.1%
HD Supply Holdings, Inc. (A)		14,060		569,571
Wireless Telecommunication Services - 0.1%
T-Mobile, Inc. (A)		12,330		983,071
Total Common Stocks (Cost $414,819,420)				601,333,687
PREFERRED STOCKS - 0.0% (B)
Banks - 0.0% (B)
Citigroup Capital XIII,
3-Month LIBOR + 6.37%, 8.64% (D)		12,963		352,594
Electric Utilities - 0.0% (B)
SCE Trust III,
Series H, Fixed until 03/15/2024, 5.75% (D)		960		23,798
Total Preferred Stocks (Cost $379,727)				376,392
	Principal		Value
ASSET-BACKED SECURITIES - 3.5%
321 Henderson Receivables VI LLC
Series 2010-1A, Class A,
5.56%, 07/15/2059 (E)		$  320,100		350,404
BlueMountain CLO, Ltd.
Series 2015-2A, Class A1R,
3-Month LIBOR + 0.93%, 3.23% (D), 07/18/2027 (E)		795,000		792,397
BRE Grand Islander Timeshare Issuer LLC
Series 2017-1A, Class A,
2.94%, 05/25/2029 (E)		403,172		403,675
BXG Receivables Note Trust
Series 2015-A, Class A,
2.88%, 05/02/2030 (E)		456,502		453,617
CIFC Funding, Ltd.
Series 2013-2A, Class A1LR,
3-Month LIBOR + 1.21%, 3.51% (D), 10/18/2030 (E)		1,975,000		1,970,592
ICG CLO, Ltd.
Series 2014-1A, Class A1R,
3-Month LIBOR + 1.22%, 3.50% (D), 01/20/2030 (E)		670,000		668,438

The notes are an integral part of this report. Transamerica Funds Page    3

Transamerica Multi-Managed Balanced

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
ASSET-BACKED SECURITIES (continued)
JG Wentworth XXII LLC
Series 2010-3A, Class A,
3.82%, 12/15/2048 (E)		$   604,405		$   622,490
JGWPT XXVIII LLC
Series 2013-1A, Class A,
3.22%, 04/15/2067 (E)		917,875		942,059
Laurel Road Prime Student Loan Trust
Series 2018-B, Class A2FX,
3.54%, 05/26/2043 (E)		595,000		613,948
Longfellow Place CLO, Ltd.
Series 2013-1A, Class ARR,
3-Month LIBOR + 1.34%, 3.64% (D), 04/15/2029 (E)		1,175,000		1,175,108
Mill City Mortgage Loan Trust
Series 2016-1, Class A1,
2.50% (D), 04/25/2057 (E)		216,149		215,167
MVW Owner Trust
Series 2014-1A, Class A,
2.25%, 09/22/2031 (E)		138,774		138,113
Series 2016-1A, Class A,
2.25%, 12/20/2033 (E)		137,937		136,387
Series 2019-1A, Class A,
2.89%, 11/20/2036 (E)		372,968		377,287
New Residential Advanced Receivables Trust
Series 2017-T1, Class AT1,
3.21%, 02/15/2051 (E)		900,000		906,912
NRZ Advance Receivables Trust
Series 2016-T3, Class AT3,
2.83%, 10/15/2051 (E)		100,000		99,899
Series 2016-T4, Class AT4,
3.11%, 12/15/2050 (E)		1,800,000		1,809,525
Octagon Investment Partners 33, Ltd.
Series 2017-1A, Class A1,
3-Month LIBOR + 1.19%, 3.47% (D), 01/20/2031 (E)		800,000		798,868
Ocwen Master Advance Receivables Trust
Series 2016-T2, Class AT2,
2.72%, 08/16/2049 (E)		500,000		499,919
Series 2018-T1, Class AT1,
3.30%, 08/15/2049 (E)		1,910,000		1,910,191
Series 2018-T2, Class AT2,
3.60%, 08/15/2050 (E)		1,890,000		1,903,718
Orange Lake Timeshare Trust
Series 2016-A, Class A,
2.61%, 03/08/2029 (E)		930,848		930,854
Series 2018-A, Class A,
3.10%, 11/08/2030 (E)		134,165		135,757
Series 2018-A, Class B,
3.35%, 11/08/2030 (E)		109,771		110,909
Palmer Square CLO, Ltd.
Series 2015-2A, Class A1AR,
3-Month LIBOR + 1.27%, 3.55% (D), 07/20/2030 (E)		800,000		799,664
SBA Tower Trust
Series 2014-1A, Class C,
2.90% (D), 10/15/2044 (E)		2,735,000		2,735,343
Sierra Timeshare Receivables Funding LLC
Series 2015-1A, Class A,
2.40%, 03/22/2032 (E)		42,513		42,448
Series 2015-1A, Class B,
3.05%, 03/22/2032 (E)		44,191		44,140
Series 2016-2A, Class A,
2.33%, 07/20/2033 (E)		198,531		197,247

	Principal		Value
ASSET-BACKED SECURITIES (continued)
SolarCity LMC Series III LLC
Series 2014-2, Class A,
4.02%, 07/20/2044 (E)		$   393,255		$   395,021
SPS Servicer Advance Receivables Trust
Series 2016-T2, Class AT2,
2.75%, 11/15/2049 (E)		342,857		342,590
Towd Point Mortgage Trust
Series 2015-3, Class A1B,
3.00% (D), 03/25/2054 (E)		403,377		403,332
Series 2015-4, Class A1B,
2.75% (D), 04/25/2055 (E)		502,460		501,443
Series 2015-5, Class A1B,
2.75% (D), 05/25/2055 (E)		403,061		402,181
Series 2015-6, Class A1B,
2.75% (D), 04/25/2055 (E)		476,357		476,070
Series 2016-1, Class A1B,
2.75% (D), 02/25/2055 (E)		395,216		394,656
Series 2016-2, Class A1A,
2.75% (D), 08/25/2055 (E)		832,858		834,855
Series 2016-3, Class A1,
2.25% (D), 04/25/2056 (E)		387,632		385,691
Series 2016-4, Class A1,
2.25% (D), 07/25/2056 (E)		787,282		779,660
Series 2017-1, Class A1,
2.75% (D), 10/25/2056 (E)		1,022,559		1,026,320
Series 2017-2, Class A1,
2.75% (D), 04/25/2057 (E)		606,373		607,672
Series 2017-3, Class A1,
2.75% (D), 07/25/2057 (E)		442,085		441,644
Series 2017-6, Class A1,
2.75% (D), 10/25/2057 (E)		730,419		731,803
Series 2018-1, Class A1,
3.00% (D), 01/25/2058 (E)		1,140,955		1,145,873
Series 2018-4, Class A1,
3.00% (D), 06/25/2058 (E)		1,005,056		1,011,155
Series 2019-1, Class A1,
3.75% (D), 03/25/2058 (E)		215,262		223,636
VB-S1 Issuer LLC
Series 2018-1A, Class C,
3.41%, 02/15/2048 (E)		1,155,000		1,161,642
VSE VOI Mortgage LLC
Series 2016-A, Class A,
2.54%, 07/20/2033 (E)		172,366		171,764
Welk Resorts LLC
Series 2017-AA, Class A,
2.82%, 06/15/2033 (E)		678,694		681,739
Wellfleet CLO, Ltd.
Series 2016-2A, Class A1R,
3-Month LIBOR + 1.14%, 3.42% (D), 10/20/2028 (E)		815,000		815,179
Total Asset-Backed Securities (Cost $34,642,510)				34,719,002
CORPORATE DEBT SECURITIES - 13.3%
Aerospace & Defense - 0.1%
Boeing Co.
3.50%, 03/01/2039		817,000		816,252
United Technologies Corp.
4.13%, 11/16/2028		500,000		552,545
				1,368,797
Air Freight & Logistics - 0.1%
FedEx Corp.
3.30%, 03/15/2027		563,000		575,216

The notes are an integral part of this report. Transamerica Funds Page    4

Transamerica Multi-Managed Balanced

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Airlines - 0.5%
American Airlines Pass-Through Trust
3.20%, 12/15/2029		$   674,030		$   682,792
3.70%, 04/01/2028		734,626		763,424
Delta Air Lines Pass-Through Trust
4.75%, 11/07/2021		375,750		381,274
6.82%, 02/10/2024		1,121,812		1,229,170
Northwest Airlines Pass-Through Trust
7.03%, 05/01/2021		437,659		442,079
United Airlines Pass-Through Trust
3.75%, 03/03/2028		1,326,387		1,382,626
US Airways Pass-Through Trust
5.38%, 05/15/2023		652,296		677,342
				5,558,707
Auto Components - 0.0% (B)
BorgWarner, Inc.
3.38%, 03/15/2025		345,000		354,472
Automobiles - 0.1%
General Motors Co.
4.88%, 10/02/2023		453,000		482,293
6.25%, 10/02/2043		120,000		129,973
				612,266
Banks - 2.2%
AIB Group PLC
Fixed until 04/10/2024 , 4.26% (D), 04/10/2025 (E)		1,064,000		1,093,293
Banco Santander SA
2.71%, 06/27/2024		1,200,000		1,194,722
Bank of America Corp.
Fixed until 01/23/2025, 3.37% (D), 01/23/2026		2,078,000		2,137,376
Fixed until 12/20/2027, 3.42% (D), 12/20/2028		1,062,000		1,094,206
Barclays Bank PLC
10.18%, 06/12/2021 (E)		1,217,000		1,370,722
BNP Paribas SA
4.40%, 08/14/2028 (E)		1,153,000		1,251,865
CIT Group, Inc.
4.13%, 03/09/2021		70,000		71,232
Citigroup, Inc.
Fixed until 04/24/2024, 3.35% (D), 04/24/2025		787,000		808,107
Fixed until 03/20/2029, 3.98% (D), 03/20/2030		901,000		962,770
4.50%, 01/14/2022		394,000		413,025
Commerzbank AG
8.13%, 09/19/2023 (E)		1,117,000		1,291,904
Discover Bank
3.45%, 07/27/2026		1,163,000		1,188,182
First Horizon National Corp.
3.50%, 12/15/2020		615,000		620,983
HSBC Holdings PLC
5.25%, 03/14/2044		200,000		236,526
Intesa Sanpaolo SpA
5.02%, 06/26/2024 (E)		420,000		425,295
JPMorgan Chase & Co.
Fixed until 07/23/2023, 3.80% (D), 07/23/2024		1,105,000		1,156,733
4.13%, 12/15/2026		1,089,000		1,172,993
6.40%, 05/15/2038		569,000		794,179

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Banks (continued)
Lloyds Banking Group PLC
Fixed until 11/07/2022, 2.91% (D), 11/07/2023		$   763,000		$   758,932
National Australia Bank, Ltd.
Fixed until 08/02/2029, 3.93% (D), 08/02/2034 (E) (F)		830,000		833,619
Royal Bank of Scotland Group PLC
Fixed until 06/25/2023, 4.52% (D), 06/25/2024		376,000		390,873
6.40%, 10/21/2019		381,000		384,101
Wells Fargo & Co.
4.10%, 06/03/2026, MTN		1,468,000		1,554,423
Fixed until 06/15/2024 (G), 5.90% (D)		365,000		387,356
				21,593,417
Beverages - 0.4%
Anheuser-Busch Cos. LLC / Anheuser-Busch InBev Worldwide, Inc.
3.65%, 02/01/2026		348,000		367,032
Anheuser-Busch InBev Worldwide, Inc.
4.44%, 10/06/2048		857,000		916,575
4.75%, 01/23/2029		710,000		808,792
Constellation Brands, Inc.
3.15%, 08/01/2029		360,000		359,465
3.70%, 12/06/2026		164,000		171,730
Pernod Ricard SA
4.45%, 01/15/2022 (E)		385,000		403,331
5.75%, 04/07/2021 (E)		1,095,000		1,152,312
				4,179,237
Biotechnology - 0.1%
AbbVie, Inc.
3.20%, 05/14/2026		349,000		351,242
Gilead Sciences, Inc.
4.15%, 03/01/2047		190,000		199,695
				550,937
Building Products - 0.1%
Owens Corning
4.20%, 12/15/2022 (H)		844,000		884,121
Capital Markets - 0.9%
Ameriprise Financial, Inc.
3.00%, 03/22/2022		369,000		374,450
3.70%, 10/15/2024		604,000		638,583
Credit Suisse Group Funding Guernsey, Ltd.
3.75%, 03/26/2025		772,000		803,786
3.80%, 06/09/2023		738,000		765,084
Goldman Sachs Group, Inc.
5.25%, 07/27/2021		1,188,000		1,250,668
6.75%, 10/01/2037		591,000		783,621
Lazard Group LLC
4.50%, 09/19/2028		840,000		898,766
Morgan Stanley
3.70%, 10/23/2024, MTN		1,117,000		1,171,295
Fixed until 01/23/2029, 4.43% (D), 01/23/2030, MTN		171,000		189,137
5.00%, 11/24/2025		521,000		575,759
UBS AG
7.63%, 08/17/2022		730,000		817,549
UBS Group Funding Switzerland AG
4.25%, 03/23/2028 (E)		794,000		853,399
				9,122,097

The notes are an integral part of this report. Transamerica Funds Page    5

Transamerica Multi-Managed Balanced

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Chemicals - 0.0% (B)
Syngenta Finance NV
3.93%, 04/23/2021 (E)		$   485,000		$   492,681
Commercial Services & Supplies - 0.2%
CK Hutchison International 17 II, Ltd.
2.25%, 09/29/2020 (E)		360,000		358,658
ERAC Finance LLC
2.70%, 11/01/2023 (E)		200,000		201,238
3.85%, 11/15/2024 (E)		560,000		591,144
Waste Management, Inc.
3.20%, 06/15/2026		729,000		758,074
				1,909,114
Communications Equipment - 0.1%
Nokia OYJ
3.38%, 06/12/2022		654,000		664,346
Construction & Engineering - 0.2%
SBA Tower Trust
2.88%, 07/15/2046 (E)		607,000		607,495
3.17%, 04/09/2047 (E)		800,000		805,052
3.45%, 03/15/2048 (E)		374,000		383,330
				1,795,877
Construction Materials - 0.2%
CRH America Finance, Inc.
4.50%, 04/04/2048 (E)		575,000		580,500
LafargeHolcim Finance LLC
4.75%, 09/22/2046 (E)		780,000		776,513
Martin Marietta Materials, Inc.
3.50%, 12/15/2027		400,000		401,547
4.25%, 12/15/2047		286,000		269,786
				2,028,346
Consumer Finance - 0.4%
Ally Financial, Inc.
3.88%, 05/21/2024		416,000		429,520
4.13%, 03/30/2020		915,000		921,862
American Express Co.
4.05%, 12/03/2042		225,000		249,609
BMW Capital LLC
2.80%, 04/11/2026 (E)		1,104,000		1,110,200
Capital One Financial Corp.
3.30%, 10/30/2024		871,000		901,809
Ford Motor Credit Co. LLC
4.54%, 08/01/2026		533,000		537,528
				4,150,528
Containers & Packaging - 0.1%
International Paper Co.
4.75%, 02/15/2022		239,000		251,165
Reynolds Group Issuer, Inc. / Reynolds Group Issuer LLC
5.13%, 07/15/2023 (E)		405,000		412,087
5.75%, 10/15/2020		629,920		632,207
				1,295,459

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Diversified Consumer Services - 0.1%
Nationwide Building Society
Fixed until 07/18/2029, 3.96% (D), 07/18/2030 (E)		$   657,000		$   661,978
President & Fellows of Harvard College
3.62%, 10/01/2037		70,000		74,721
				736,699
Diversified Financial Services - 0.2%
Aviation Capital Group LLC
7.13%, 10/15/2020 (E)		1,312,000		1,380,399
AXA Equitable Holdings, Inc.
5.00%, 04/20/2048		1,035,000		1,096,870
				2,477,269
Diversified Telecommunication Services - 0.5%
AT&T, Inc.
3.40%, 05/15/2025		1,240,000		1,275,505
GTP Acquisition Partners I LLC
2.35%, 06/15/2045 (E)		165,000		164,439
Hughes Satellite Systems Corp.
7.63%, 06/15/2021		410,000		440,184
Sprint Capital Corp.
6.88%, 11/15/2028		135,000		148,500
Verizon Communications, Inc.
3.50%, 11/01/2024		1,216,000		1,273,457
5.50%, 03/16/2047		1,052,000		1,324,796
				4,626,881
Electric Utilities - 0.6%
Appalachian Power Co.
3.40%, 06/01/2025		868,000		896,665
Cleveland Electric Illuminating Co.
5.95%, 12/15/2036		125,000		152,198
Duke Energy Corp.
3.75%, 04/15/2024 - 09/01/2046		1,596,000		1,623,859
Duke Energy Progress LLC
3.60%, 09/15/2047		230,000		234,499
Entergy Arkansas LLC
3.70%, 06/01/2024		206,000		217,660
Niagara Mohawk Power Corp.
4.88%, 08/15/2019 (E)		410,000		410,324
Oncor Electric Delivery Co. LLC
4.10%, 06/01/2022		895,000		936,088
5.30%, 06/01/2042		75,000		95,805
PacifiCorp
3.60%, 04/01/2024		544,000		570,778
5.75%, 04/01/2037		125,000		161,290
Public Service Electric & Gas Co.
3.00%, 05/15/2025, MTN		455,000		465,184
				5,764,350
Electronic Equipment, Instruments & Components - 0.2%
Arrow Electronics, Inc.
3.25%, 09/08/2024		250,000		249,381
3.88%, 01/12/2028		216,000		215,106
Keysight Technologies, Inc.
4.55%, 10/30/2024		1,000,000		1,065,938
4.60%, 04/06/2027		73,000		78,293
				1,608,718

The notes are an integral part of this report. Transamerica Funds Page    6

Transamerica Multi-Managed Balanced

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Energy Equipment & Services - 0.1%
Schlumberger Holdings Corp.
3.90%, 05/17/2028 (E)		$   861,000		$   899,894
Schlumberger Investment SA
3.65%, 12/01/2023		105,000		109,684
				1,009,578
Equity Real Estate Investment Trusts - 0.8%
American Tower Trust #1
3.65%, 03/15/2048 (E)		755,000		790,716
CBL & Associates, LP
5.25%, 12/01/2023 (C)		754,000		550,420
EPR Properties
4.75%, 12/15/2026 (C)		1,116,000		1,182,924
HCP, Inc.
3.40%, 02/01/2025		505,000		518,807
3.50%, 07/15/2029		404,000		409,449
Hospitality Properties Trust
5.00%, 08/15/2022		909,000		947,407
Kilroy Realty, LP
4.25%, 08/15/2029		865,000		922,857
Life Storage, LP
4.00%, 06/15/2029		414,000		428,831
VEREIT Operating Partnership, LP
3.95%, 08/15/2027		534,000		557,409
4.63%, 11/01/2025		551,000		595,548
WEA Finance LLC
4.13%, 09/20/2028 (E)		745,000		796,653
				7,701,021
Food & Staples Retailing - 0.2%
Sysco Corp.
3.30%, 07/15/2026		576,000		594,487
Walmart, Inc.
3.63%, 12/15/2047		955,000		1,028,413
				1,622,900
Food Products - 0.0% (B)
Kraft Heinz Foods Co.
2.80%, 07/02/2020		182,000		182,244
Health Care Equipment & Supplies - 0.1%
Abbott Laboratories
3.75%, 11/30/2026		686,000		740,187
Boston Scientific Corp.
4.70%, 03/01/2049		591,000		688,812
				1,428,999
Health Care Providers & Services - 0.3%
Cigna Corp.
4.13%, 11/15/2025 (E)		470,000		499,113
CVS Health Corp.
2.13%, 06/01/2021		601,000		596,984
4.10%, 03/25/2025		286,000		300,963
HCA Healthcare, Inc.
6.25%, 02/15/2021		255,000		267,204
HCA, Inc.
4.13%, 06/15/2029		253,000		259,166
5.25%, 04/15/2025		166,000		182,945
Quest Diagnostics, Inc.
4.20%, 06/30/2029		828,000		896,148
				3,002,523

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Household Durables - 0.1%
D.R. Horton, Inc.
4.38%, 09/15/2022		$   561,000		$   585,233
Whirlpool Corp.
4.75%, 02/26/2029		378,000		413,048
				998,281
Industrial Conglomerates - 0.1%
General Electric Co.
6.88%, 01/10/2039, MTN		818,000		1,061,684
Insurance - 0.3%
Athene Global Funding
3.00%, 07/01/2022 (E)		612,000		619,534
CNA Financial Corp.
3.90%, 05/01/2029		450,000		472,605
Fidelity National Financial, Inc.
5.50%, 09/01/2022		195,000		210,592
Lincoln National Corp.
3.63%, 12/12/2026		615,000		642,190
Reinsurance Group of America, Inc.
3.90%, 05/15/2029		285,000		296,670
RenaissanceRe Finance, Inc.
3.45%, 07/01/2027		886,000		904,366
				3,145,957
Interactive Media & Services - 0.1%
Baidu, Inc.
4.38%, 05/14/2024 (C)		710,000		753,132
Tencent Holdings, Ltd.
3.28%, 04/11/2024 (E)		742,000		759,540
				1,512,672
Internet & Direct Marketing Retail - 0.1%
Booking Holdings, Inc.
3.60%, 06/01/2026		369,000		387,539
Expedia Group, Inc.
3.80%, 02/15/2028		550,000		564,872
				952,411
IT Services - 0.1%
DXC Technology Co.
4.75%, 04/15/2027		461,000		495,274
Fidelity National Information Services, Inc.
3.75%, 05/21/2029		299,000		316,690
Fiserv, Inc.
3.50%, 07/01/2029		552,000		564,707
				1,376,671
Life Sciences Tools & Services - 0.1%
Thermo Fisher Scientific, Inc.
5.30%, 02/01/2044		694,000		863,643
Machinery - 0.0% (B)
Doosan Heavy Industries & Construction Co., Ltd.
2.13%, 04/27/2020 (E)		490,000		488,437
Media - 0.3%
CCO Holdings LLC / CCO Holdings Capital Corp.
5.75%, 01/15/2024		925,000		944,656
Clear Channel Worldwide Holdings, Inc.
6.50%, 11/15/2022		690,000		704,490

The notes are an integral part of this report. Transamerica Funds Page    7

Transamerica Multi-Managed Balanced

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Media (continued)
NBCUniversal Enterprise, Inc.
5.25%, 03/19/2021 (E) (G)		$   550,000		$   565,125
NBCUniversal Media LLC
4.38%, 04/01/2021		909,000		940,236
4.45%, 01/15/2043		274,000		303,778
				3,458,285
Metals & Mining - 0.1%
Anglo American Capital PLC
4.00%, 09/11/2027 (E)		650,000		656,202
4.75%, 04/10/2027 (E)		230,000		243,954
Freeport-McMoRan, Inc.
3.88%, 03/15/2023		140,000		140,308
				1,040,464
Multi-Utilities - 0.3%
Black Hills Corp.
4.25%, 11/30/2023		630,000		666,698
CMS Energy Corp.
3.88%, 03/01/2024		70,000		73,106
4.88%, 03/01/2044		152,000		177,564
Dominion Energy, Inc.
2.58%, 07/01/2020		516,000		516,049
DTE Electric Co.
4.30%, 07/01/2044		848,000		966,387
Public Service Enterprise Group, Inc.
2.65%, 11/15/2022		170,000		171,024
				2,570,828
Oil, Gas & Consumable Fuels - 1.2%
Anadarko Petroleum Corp.
5.55%, 03/15/2026		1,087,000		1,220,585
BP Capital Markets PLC
3.12%, 05/04/2026 (C)		1,426,000		1,446,389
Energy Transfer Operating, LP
4.90%, 02/01/2024		382,000		410,595
5.15%, 02/01/2043		600,000		610,970
5.95%, 10/01/2043		535,000		595,234
Enterprise Products Operating LLC
4.25%, 02/15/2048		1,082,000		1,113,792
EOG Resources, Inc.
2.45%, 04/01/2020		290,000		289,907
Exxon Mobil Corp.
3.04%, 03/01/2026		975,000		1,012,762
Kinder Morgan Energy Partners, LP
4.15%, 02/01/2024		480,000		506,144
Nexen, Inc.
5.88%, 03/10/2035		10,000		12,407
Petroleos Mexicanos
3.50%, 01/30/2023		660,000		628,987
6.50%, 01/23/2029		385,000		376,241
6.88%, 08/04/2026		340,000		346,579
Petronas Capital, Ltd.
5.25%, 08/12/2019 (E)		945,000		945,662
Sabine Pass Liquefaction LLC
4.20%, 03/15/2028		378,000		395,082
Shell International Finance BV
2.50%, 09/12/2026		873,000		873,403
3.75%, 09/12/2046		195,000		208,043
TransCanada PipeLines, Ltd.
3.75%, 10/16/2023		120,000		125,241
4.63%, 03/01/2034		110,000		122,651
Western Midstream Operating, LP
5.38%, 06/01/2021		225,000		232,125

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Oil, Gas & Consumable Fuels (continued)
Williams Cos., Inc.
5.40%, 03/04/2044		$   104,000		$   115,071
7.88%, 09/01/2021		100,000		110,417
				11,698,287
Pharmaceuticals - 0.4%
AstraZeneca PLC
4.00%, 01/17/2029		211,000		230,713
4.38%, 08/17/2048 (C)		560,000		631,300
Bayer Finance LLC
3.00%, 10/08/2021 (E)		575,000		578,132
Bristol-Myers Squibb Co.
3.20%, 06/15/2026 (E)		648,000		670,551
Merck & Co., Inc.
3.40%, 03/07/2029		375,000		399,202
Mylan, Inc.
4.55%, 04/15/2028 (C)		619,000		651,775
Takeda Pharmaceutical Co., Ltd.
5.00%, 11/26/2028 (E)		691,000		794,041
				3,955,714
Road & Rail - 0.2%
Burlington Northern Santa Fe LLC
3.00%, 03/15/2023		40,000		41,003
3.75%, 04/01/2024		37,000		39,225
CSX Corp.
3.80%, 11/01/2046		398,000		404,197
Park Aerospace Holdings, Ltd.
5.50%, 02/15/2024 (E)		1,376,000		1,486,493
				1,970,918
Semiconductors & Semiconductor Equipment - 0.3%
Intel Corp.
2.88%, 05/11/2024		955,000		978,768
KLA Corp.
4.10%, 03/15/2029		550,000		593,035
Lam Research Corp.
3.75%, 03/15/2026		627,000		662,484
NXP BV / NXP Funding LLC
4.88%, 03/01/2024 (E)		315,000		337,870
QUALCOMM, Inc.
3.25%, 05/20/2027		643,000		658,140
				3,230,297
Software - 0.1%
Microsoft Corp.
3.30%, 02/06/2027		520,000		550,988
Technology Hardware, Storage & Peripherals - 0.2%
Apple, Inc.
2.85%, 02/23/2023		772,000		789,867
Dell International LLC / EMC Corp.
6.02%, 06/15/2026 (E)		465,000		514,124
Western Digital Corp.
4.75%, 02/15/2026 (C)		855,000		845,381
				2,149,372
Tobacco - 0.2%
Altria Group, Inc.
4.80%, 02/14/2029		390,000		420,837
BAT Capital Corp.
2.30%, 08/14/2020		282,000		281,329
2.76%, 08/15/2022		577,000		576,927
3.22%, 08/15/2024		377,000		380,065
				1,659,158

The notes are an integral part of this report. Transamerica Funds Page    8

Transamerica Multi-Managed Balanced

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Transportation Infrastructure - 0.0% (B)
Penske Truck Leasing Co., LP / PTL Finance Corp.
3.45%, 07/01/2024 (E)		$   415,000		$   428,228
Wireless Telecommunication Services - 0.3%
America Movil SAB de CV
3.13%, 07/16/2022		407,000		413,606
4.38%, 07/16/2042		300,000		325,247
Crown Castle Towers LLC
3.22%, 05/15/2042 (E)		1,655,000		1,668,426
3.72%, 07/15/2043 (E)		160,000		164,534
Sprint Corp.
7.25%, 09/15/2021		200,000		214,750
7.88%, 09/15/2023		155,000		172,825
				2,959,388
Total Corporate Debt Securities (Cost $128,991,396)				133,368,483
FOREIGN GOVERNMENT OBLIGATIONS - 0.5%
Brazil - 0.1%
Brazil Government International Bond
4.25%, 01/07/2025 (C)		330,000		347,563
Colombia - 0.1%
Colombia Government International Bond
4.00%, 02/26/2024		235,000		246,517
4.50%, 01/28/2026		650,000		699,725
				946,242
Indonesia - 0.1%
Indonesia Government International Bond
4.75%, 01/08/2026 (E)		610,000		669,886
5.38%, 10/17/2023 (E)		115,000		126,938
				796,824
Mexico - 0.1%
Mexico Government International Bond
3.75%, 01/11/2028		1,126,000		1,138,949
Panama - 0.0% (B)
Panama Government International Bond
3.88%, 03/17/2028		315,000		336,659
Peru - 0.0% (B)
Peru Government International Bond
7.35%, 07/21/2025		125,000		159,313
Poland - 0.0% (B)
Republic of Poland Government International Bond
3.00%, 03/17/2023		275,000		282,067
Qatar - 0.0% (B)
Qatar Government International Bond
3.88%, 04/23/2023 (E)		200,000		210,750
Saudi Arabia - 0.1%
Saudi Arabia Government International Bond
2.38%, 10/26/2021 (E)		455,000		454,973
Total Foreign Government Obligations (Cost $4,487,749)				4,673,340

	Principal		Value
MORTGAGE-BACKED SECURITIES - 3.8%
Aventura Mall Trust
Series 2013-AVM, Class A,
3.74% (D), 12/05/2032 (E)		$   700,000		$   707,537
BB-UBS Trust
Series 2012-TFT, Class A,
2.89%, 06/05/2030 (E)		1,145,000		1,142,841
Series 2012-TFT, Class C,
3.47% (D), 06/05/2030 (E)		1,070,000		1,056,186
BB-UBS Trust, Interest Only STRIPS
Series 2012-SHOW, Class XA,
0.60% (D), 11/05/2036 (E)		3,045,000		92,954
BBCMS Trust
Series 2015-MSQ, Class B,
3.89%, 09/15/2032 (E)		600,000		617,589
Caesars Palace Las Vegas Trust
Series 2017-VICI, Class A,
3.53%, 10/15/2034 (E)		700,000		722,544
CGRBS Commercial Mortgage Trust
Series 2013-VN05, Class B,
3.58% (D), 03/13/2035 (E)		1,550,000		1,623,743
Citigroup Commercial Mortgage Trust
Series 2014-GC19, Class A3,
3.75%, 03/10/2047		80,457		84,777
Series 2014-GC19, Class A4,
4.02%, 03/10/2047		220,000		234,384
Citigroup Mortgage Loan Trust, Inc.
Series 2015-A, Class A1,
3.50% (D), 06/25/2058 (E)		290,208		292,922
Series 2018-RP1, Class A1,
3.00% (D), 09/25/2064 (E)		592,057		597,949
COMM Mortgage Trust
Series 2013-CR11, Class AM,
4.72% (D), 08/10/2050		410,000		442,081
Series 2013-GAM, Class A1,
1.71%, 02/10/2028 (E)		101,918		101,000
Series 2013-GAM, Class A2,
3.37%, 02/10/2028 (E)		110,000		110,537
Series 2013-WWP, Class B,
3.73%, 03/10/2031 (E)		1,150,000		1,204,240
Series 2014-UBS2, Class A5,
3.96%, 03/10/2047		2,415,000		2,564,533
Series 2015-3BP, Class A,
3.18%, 02/10/2035 (E)		2,250,000		2,332,700
Series 2016-GCT, Class C,
3.46% (D), 08/10/2029 (E)		520,000		523,619
Commercial Mortgage Pass-Through Certificates Trust
Series 2012-LTRT, Class A2,
3.40%, 10/05/2030 (E)		830,000		837,830
Core Industrial Trust
Series 2015-CALW, Class B,
3.25%, 02/10/2034 (E)		1,040,000		1,058,707
Credit Suisse Mortgage Capital Certificates
Series 2009-11R, Class 5A1,
3.76% (D), 08/26/2036 (E)		15,149		15,161
CSMC Trust
Series 2014-4R, Class 21A1,
1-Month LIBOR + 0.33%, 3.06% (D), 12/27/2035 (E)		456,515		453,801
GS Mortgage Securities Corp. II
Series 2013-KING, Class E,
3.44% (D), 12/10/2027 (E)		320,000		318,945

The notes are an integral part of this report. Transamerica Funds Page    9

Transamerica Multi-Managed Balanced

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
MORTGAGE-BACKED SECURITIES (continued)
GS Mortgage Securities Trust
Series 2013-G1, Class A2,
3.56% (D), 04/10/2031 (E)		$   675,000		$   685,059
Houston Galleria Mall Trust
Series 2015-HGLR, Class A1A2,
3.09%, 03/05/2037 (E)		700,000		716,004
Jefferies Resecuritization Trust
Series 2009-R7, Class 1A1,
4.25% (D), 02/26/2036 (E)		26,654		26,724
JPMorgan Chase Commercial Mortgage Securities Trust
Series 2010-C1, Class B,
5.95%, 06/15/2043 (E)		370,000		374,089
Series 2012-WLDN, Class A,
3.91%, 05/05/2030 (E)		2,120,498		2,176,840
MetLife Securitization Trust
Series 2019-1A, Class A1A,
3.75% (D), 04/25/2058 (E)		257,528		265,658
Morgan Stanley Bank of America Merrill Lynch Trust
Series 2012-C6, Class AS,
3.48%, 11/15/2045		320,000		327,463
Morgan Stanley Capital Barclays Bank Trust
Series 2016-MART, Class A,
2.20%, 09/13/2031 (E)		3,050,000		3,037,415
Morgan Stanley Resecuritization Trust
Series 2014-R3, Class 2A,
3.00% (D), 07/26/2048 (E)		411,360		407,419
Motel 6 Trust
Series 2017-MTL6, Class C,
1-Month LIBOR + 1.40%, 3.73% (D), 08/15/2034 (E)		2,387,762		2,389,256
Nationstar Mortgage Loan Trust
Series 2013-A, Class A,
3.75% (D), 12/25/2052 (E)		215,529		219,642
New Residential Mortgage Loan Trust
Series 2014-1A, Class A,
3.75% (D), 01/25/2054 (E)		101,880		104,932
Series 2014-2A, Class A3,
3.75% (D), 05/25/2054 (E)		248,433		252,192
Series 2014-3A, Class AFX3,
3.75% (D), 11/25/2054 (E)		186,729		191,677
Series 2015-2A, Class A1,
3.75% (D), 08/25/2055 (E)		468,345		480,967
Series 2016-2A, Class A1,
3.75% (D), 11/26/2035 (E)		320,795		329,230
Series 2016-3A, Class A1B,
3.25% (D), 09/25/2056 (E)		329,572		333,481
Series 2016-4A, Class A1,
3.75% (D), 11/25/2056 (E)		390,148		400,362
Series 2017-1A, Class A1,
4.00% (D), 02/25/2057 (E)		931,983		963,055
Series 2017-2A, Class A3,
4.00% (D), 03/25/2057 (E)		768,630		796,944
Series 2017-3A, Class A1,
4.00% (D), 04/25/2057 (E)		1,298,497		1,341,536
Series 2017-4A, Class A1,
4.00% (D), 05/25/2057 (E)		1,104,297		1,145,131
Series 2018-1A, Class A1A,
4.00% (D), 12/25/2057 (E)		436,147		451,624
One Market Plaza Trust
Series 2017-1MKT, Class A,
3.61%, 02/10/2032 (E)		1,373,000		1,427,511

	Principal		Value
MORTGAGE-BACKED SECURITIES (continued)
Palisades Center Trust
Series 2016-PLSD, Class A,
2.71%, 04/13/2033 (E)		$   950,000		$   946,242
Provident Funding Mortgage Loan Trust
Series 2005-1, Class 3A1,
1-Month LIBOR + 0.58%, 2.85% (D), 05/25/2035		134,447		135,515
Queens Center Mortgage Trust
Series 2013-QCA, Class D,
3.47% (D), 01/11/2037 (E)		410,000		416,080
UBS-BAMLL Trust
Series 2012-WRM, Class A,
3.66%, 06/10/2030 (E)		560,000		572,827
Total Mortgage-Backed Securities (Cost $37,735,276)				38,051,455
MUNICIPAL GOVERNMENT OBLIGATIONS - 0.3%
California - 0.3%
Los Angeles Community College District, General Obligation Unlimited,
6.60%, 08/01/2042		45,000		68,754
State of California, General Obligation Unlimited
7.30%, 10/01/2039		290,000		441,116
7.60%, 11/01/2040		480,000		786,533
7.70%, 11/01/2030		340,000		362,715
7.95%, 03/01/2036		905,000		934,467
University of California, Revenue Bonds,
Series AD,
4.86%, 05/15/2112		40,000		48,791
				2,642,376
Georgia - 0.0% (B)
Municipal Electric Authority of Georgia, Revenue Bonds,
Series A,
6.64%, 04/01/2057		35,000		44,946
New Jersey - 0.0% (B)
New Jersey Turnpike Authority, Revenue Bonds,
Series F,
7.41%, 01/01/2040		54,000		85,010
New York - 0.0% (B)
Metropolitan Transportation Authority, Revenue Bonds,
Series E,
6.81%, 11/15/2040		45,000		63,894
New York City Water & Sewer System, Revenue Bonds,
Series CC,
5.88%, 06/15/2044		45,000		64,088
New York State Dormitory Authority, Revenue Bonds,
Series H,
5.39%, 03/15/2040		40,000		49,916
Port Authority of New York & New Jersey, Revenue Bonds,
Series 181,
4.96%, 08/01/2046		70,000		88,870
				266,768
Total Municipal Government Obligations (Cost $3,010,938)				3,039,100

The notes are an integral part of this report. Transamerica Funds Page    10

Transamerica Multi-Managed Balanced

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
U.S. GOVERNMENT AGENCY OBLIGATIONS - 7.5%
Federal Home Loan Mortgage Corp.
5.00%, 08/01/2035		$   280,391		$   307,552
5.50%, 06/01/2041		101,690		113,263
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates
2.89%, 06/25/2027		3,390,319		3,483,055
3.01%, 07/25/2025		4,041,000		4,199,937
3.06% (D), 08/25/2024		1,820,000		1,885,723
3.49%, 01/25/2024		1,298,000		1,362,669
3.53% (D), 07/25/2023		1,100,000		1,152,414
Federal National Mortgage Association
2.50%, TBA (F)		2,479,000		2,493,144
3.00%, TBA (F)		24,623,000		24,886,376
3.33% (D), 10/25/2023		179,860		187,185
3.50%, 07/01/2028 - 11/01/2028		325,989		339,327
3.50%, TBA (F)		20,943,000		21,451,850
4.00%, 04/01/2026 - 06/01/2042		95,994		101,572
4.00%, TBA (F)		8,150,000		8,436,307
4.50%, 02/01/2025 - 06/01/2026		184,227		193,298
12-Month LIBOR + 1.52%, 4.58% (D), 02/01/2043		47,026		48,735
5.00%, 04/01/2039 - 11/01/2039		1,226,656		1,350,514
5.50%, 10/01/2036 - 12/01/2041		942,092		1,061,602
6.00%, 08/01/2036 - 06/01/2041		1,230,367		1,400,750
6.50%, 05/01/2040		113,885		132,008
Government National Mortgage Association, Interest Only STRIPS
0.78% (D), 02/16/2053		575,418		27,660
Total U.S. Government Agency Obligations (Cost $74,143,624)				74,614,941
U.S. GOVERNMENT OBLIGATIONS - 9.5%
U.S. Treasury - 8.5%
U.S. Treasury Bond
2.25%, 08/15/2046		2,776,000		2,621,260
2.50%, 02/15/2045 - 05/15/2046		7,240,000		7,203,451
2.75%, 08/15/2042 - 11/15/2047		4,598,400		4,811,828
2.88%, 08/15/2045		1,070,000		1,142,852
3.00%, 05/15/2042 - 08/15/2048		2,212,400		2,424,291
3.13%, 02/15/2042 - 05/15/2048		1,301,000		1,454,301
3.50%, 02/15/2039		3,780,000		4,483,434
3.63%, 02/15/2044		7,318,000		8,837,628
4.50%, 02/15/2036		1,386,500		1,827,093
4.75%, 02/15/2037		4,556,000		6,229,618
5.25%, 02/15/2029		2,129,000		2,726,035
U.S. Treasury Note
1.00%, 11/30/2019		7,324,900		7,295,429
1.13%, 06/30/2021 - 09/30/2021		4,867,000		4,792,091
1.50%, 08/15/2026		4,108,000		3,989,574
1.63%, 02/15/2026 - 05/15/2026		5,513,000		5,409,497
2.25%, 11/15/2027		2,102,500		2,145,207
2.38%, 01/31/2023		1,154,000		1,174,150
2.50%, 12/31/2020 - 01/31/2024		4,338,400		4,399,958
2.63%, 12/15/2021 - 02/15/2029		2,716,500		2,846,757
2.88%, 05/15/2028 - 05/15/2049		6,589,300		7,057,939
3.13%, 11/15/2028		2,225,500		2,434,141
				85,306,534
U.S. Treasury Inflation-Protected Securities - 1.0%
U.S. Treasury Inflation-Indexed Bond
1.75%, 01/15/2028		1,238,220		1,386,579
2.50%, 01/15/2029		2,753,490		3,312,707

	Principal		Value
U.S. GOVERNMENT OBLIGATIONS (continued)
U.S. Treasury Inflation-Protected Securities (continued)
U.S. Treasury Inflation-Indexed Note
0.63%, 01/15/2024		$   4,926,543		$   5,000,638
				9,699,924
Total U.S. Government Obligations (Cost $90,131,982)				95,006,458
COMMERCIAL PAPER - 4.7%
Capital Markets - 0.3%
Intercontinental Exchange, Inc.
2.50% (I), 09/04/2019		3,000,000		2,993,058
Commercial Services & Supplies - 0.4%
Charta LLC
2.29% (I), 10/25/2019		3,900,000		3,879,281
Diversified Financial Services - 3.8%
Atlantic Asset Securitization LLC
2.35% (I), 08/20/2019		3,800,000		3,795,367
Barton Capital Corp.
2.32% (I), 10/10/2019		3,800,000		3,783,153
Cafco LLC
2.30% (I), 09/19/2019		590,000		588,185
2.32% (I), 09/19/2019		510,000		508,417
Cancara Asset Securitisation LLC
2.40% (I), 09/19/2019		4,000,000		3,987,206
Chariot Funding LLC
2.31% (I), 10/01/2019		2,500,000		2,490,384
2.58% (I), 08/08/2019		1,000,000		999,508
Ciesco LLC
2.57% (I), 08/13/2019		3,500,000		3,497,060
Jupiter Securitization Co. LLC
2.47% (I), 09/05/2019		3,000,000		2,992,942
Le Fayette Asset Securitization LLC
2.35% (I), 09/12/2019		3,400,000		3,390,837
Lexington Parker Capital Co. LLC
2.34% (I), 10/02/2019		1,900,000		1,892,474
Mont Blanc Capital Corp.
2.32% (I), 11/05/2019		3,850,000		3,826,695
Sheffield Receivables Corp.
2.55% (I), 08/15/2019		2,600,000		2,597,472
Starbird Funding Corp.
2.32% (I), 09/20/2019		3,500,000		3,488,917
				37,838,617
Software - 0.2%
Manhattan Asset Funding Co. LLC
2.39% (I), 08/15/2019		2,600,000		2,597,624
Total Commercial Paper (Cost $47,308,580)				47,308,580
SHORT-TERM U.S. GOVERNMENT OBLIGATIONS - 1.0%
U.S. Treasury Bill
2.08% (I), 08/08/2019		400,000		399,841
2.15% (I), 09/17/2019		300,000		299,171
2.20% (I), 10/03/2019		9,400,000		9,364,558
Total Short-Term U.S. Government Obligations (Cost $10,063,570)				10,063,570

The notes are an integral part of this report. Transamerica Funds Page    11

Transamerica Multi-Managed Balanced

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Shares		Value
OTHER INVESTMENT COMPANY - 0.8%
Securities Lending Collateral - 0.8%
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 2.32% (I)		7,781,468		$  7,781,468
Total Other Investment Company (Cost $7,781,468)				7,781,468

	Principal		Value
REPURCHASE AGREEMENT - 1.5%
Fixed Income Clearing Corp., 1.45% (I), dated 07/31/2019, to be repurchased at $14,892,095 on 08/01/2019. Collateralized by a U.S. Government Obligation, 2.50%, due 02/28/2021, and with a value of $15,193,337.		$  14,891,495		$   14,891,495
Total Repurchase Agreement (Cost $14,891,495)				14,891,495
Total Investments (Cost $868,387,735)				1,065,227,971
Net Other Assets (Liabilities) - (6.6)%				(65,901,437	)
Net Assets - 100.0%				$  999,326,534

FUTURES CONTRACTS:

Long Futures Contracts:

Description	Number of Contracts	Expiration Date	Notional Amount	Value	Unrealized Appreciation	Unrealized Depreciation
S&P 500® E-Mini Index	33	09/20/2019	$    4,873,567	$    4,920,795	$    47,228	$    —

The notes are an integral part of this report. Transamerica Funds Page    12

Transamerica Multi-Managed Balanced

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

SECURITY VALUATION:

Valuation Inputs ^(J)

	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Common Stocks	$	601,333,687	$	—	$	—	$	601,333,687
Preferred Stocks		376,392		—		—		376,392
Asset-Backed Securities		—		34,719,002		—		34,719,002
Corporate Debt Securities		—		133,368,483		—		133,368,483
Foreign Government Obligations		—		4,673,340		—		4,673,340
Mortgage-Backed Securities		—		38,051,455		—		38,051,455
Municipal Government Obligations		—		3,039,100		—		3,039,100
U.S. Government Agency Obligations		—		74,614,941		—		74,614,941
U.S. Government Obligations		—		95,006,458		—		95,006,458
Commercial Paper		—		47,308,580		—		47,308,580
Short-Term U.S. Government Obligations		—		10,063,570		—		10,063,570
Other Investment Company		7,781,468		—		—		7,781,468
Repurchase Agreement		—		14,891,495		—		14,891,495
Total Investments	$	609,491,547	$	455,736,424	$	—	$	1,065,227,971
Other Financial Instruments
Futures Contracts (K)	$	47,228	$	—	$	—	$	47,228
Total Other Financial Instruments	$	47,228	$	—	$	—	$	47,228

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	Non-income producing securities.
(B)	Percentage rounds to less than 0.1% or (0.1)%.
(C)	All or a portion of the securities are on loan. The total value of all securities on loan is $7,618,930. The amount of securities on loan indicated may not correspond with the securities on loan identified because securities with pending sales are in the process of recall from the brokers.
(D)	Floating or variable rate securities. The rates disclosed are as of July 31, 2019. 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.
(E)	Securities are registered pursuant to Rule 144A of the Securities Act of 1933. Unless otherwise indicated, the securities are deemed to be liquid for purposes of compliance limitations on holdings of illiquid securities and may be resold as transactions exempt from registration, normally to qualified institutional buyers. At July 31, 2019, the total value of 144A securities is $101,963,258, representing 10.2% of the Fund’s net assets.
(F)	When-issued, delayed-delivery and/or forward commitment (including TBAs) securities. Securities to be settled and delivered after July 31, 2019. Securities may display a coupon rate of 0.00%, as the rate is to be determined at time of settlement.
(G)	Perpetual maturity. The date displayed is the next call date.
(H)	Restricted security. At July 31, 2019, the value of such security held by the Fund is as follows:

Investments	Description	Acquisition Date		Acquisition Cost		Value		Value as Percentage of Net Assets
Corporate Debt Securities	Owens Corning 4.20%, 12/15/2022		11/9/2015 - 12/16/2016	$	866,796	$	884,121		0.1	%

(I)	Rates disclosed reflect the yields at July 31, 2019.
(J)	There were no transfers in or out of Level 3 during the period ended July 31, 2019. Please reference the Security Valuation section of the Notes to Schedules of Investments for more information regarding security valuation and pricing inputs.
(K)	Futures contracts and/or forward foreign currency contracts are valued at unrealized appreciation (depreciation).

The notes are an integral part of this report. Transamerica Funds Page    13

Transamerica Multi-Managed Balanced

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

PORTFOLIO ABBREVIATIONS:

LIBOR	London Interbank Offered Rate
MTN	Medium Term Note
STRIPS	Separate Trading of Registered Interest and Principal of Securities
TBA	To Be Announced

The notes are an integral part of this report. Transamerica Funds Page    14

Transamerica Multi-Manager Alternative Strategies Portfolio

SCHEDULE OF INVESTMENTS

At July 31, 2019

(unaudited)

	Shares		Value
EXCHANGE-TRADED FUND - 2.5%
International Fixed Income Fund - 2.5%
iShares JPMorgan EM Local Currency Bond ETF		48,297		$  2,237,600
Total Exchange-Traded Fund (Cost $2,209,055)				2,237,600
INVESTMENT COMPANIES - 96.5%
International Alternative Funds - 31.9%
Transamerica Global Multifactor Macro (A) (B)		1,362,738		12,537,193
Transamerica Unconstrained Bond (B)		1,703,360		16,812,163
				29,349,356
International Equity Funds - 6.4%
Transamerica Emerging Markets Equity (B)		271,757		2,638,764
Transamerica Global Real Estate Securities (B)		226,118		3,256,103
				5,894,867
International Fixed Income Funds - 17.2%
Transamerica Emerging Markets Debt (B)		605,186		6,511,800
Transamerica Inflation Opportunities (B)		911,535		9,325,001
				15,836,801
U.S. Alternative Funds - 33.0%
Transamerica Event Driven (B)		995,843		10,526,062
Transamerica Long/Short Strategy (A) (B)		1,522,689		9,669,073
Transamerica Managed Futures Strategy (A) (B)		1,325,988		10,130,545
				30,325,680

	Shares		Value
INVESTMENT COMPANIES (continued)
U.S. Fixed Income Funds - 5.3%
Transamerica Core Bond (B)		151,526		$   1,530,410
Transamerica High Yield Bond (B)		362,924		3,313,500
				4,843,910
U.S. Mixed Allocation Fund - 2.7%
Transamerica MLP & Energy Income (B)		357,813		2,465,332
Total Investment Companies (Cost $89,346,789)				88,715,946
	Principal		Value
REPURCHASE AGREEMENT - 1.3%
Fixed Income Clearing Corp., 1.45% (C), dated 07/31/2019, to be repurchased at $1,212,990 on 08/01/2019. Collateralized by a U.S. Government Obligation, 2.50%, due 02/28/2021, and with a value of $1,238,504.		$  1,212,941		1,212,941
Total Repurchase Agreement (Cost $1,212,941)				1,212,941
Total Investments (Cost $92,768,785)				92,166,487
Net Other Assets (Liabilities) - (0.3)%				(238,068	)
Net Assets - 100.0%				$  91,928,419

SECURITY VALUATION:

Valuation Inputs ^(D)

	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Exchange-Traded Fund	$	2,237,600	$	—	$	—	$	2,237,600
Investment Companies		88,715,946		—		—		88,715,946
Repurchase Agreement		—		1,212,941		—		1,212,941
Total Investments	$	90,953,546	$	1,212,941	$	—	$	92,166,487

The notes are an integral part of this report. Transamerica Funds Page    1

Transamerica Multi-Manager Alternative Strategies Portfolio

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	Non-income producing securities.
(B)	Affiliated investment in the Class I2 shares of Transamerica Funds. The Fund’s transactions and earnings are as follows:

Affiliated Investments	Value October 31, 2018		Purchases at Cost		Proceeds from Sales			Net Realized Gain (Loss)			Net Change in Unrealized Appreciation (Depreciation)			Value July 31, 2019		Shares as of July 31, 2019		Dividend Income		Net Capital Gain Distributions
Transamerica Core Bond	$	1,225,944	$	428,255	$	(200,000	)	$	(8,510	)	$	84,721		$	1,530,410		151,526	$	28,255	$	—
Transamerica Emerging Markets Debt		7,503,205		197,954		(1,773,579	)		(80,409	)		664,629			6,511,800		605,186		197,954		—
Transamerica Emerging Markets Equity		6,123,250		69,633		(3,700,000	)		(799,587	)		945,468			2,638,764		271,757		69,633		—
Transamerica Event Driven		12,580,458		231,536		(2,650,000	)		26,802			337,266			10,526,062		995,843		231,536		—
Transamerica Global Multifactor Macro		15,099,454		—		(2,200,000	)		(232,457	)		(129,804	)		12,537,193		1,362,738		—		—
Transamerica Global Real Estate Securities		3,898,213		93,103		(1,100,000	)		119,403			245,384			3,256,103		226,118		93,103		—
Transamerica High Yield Bond		3,062,041		900,604		(751,067	)		(24,092	)		126,014			3,313,500		362,924		149,537		—
Transamerica Inflation Opportunities		11,194,078		151,625		(2,600,000	)		(14,132	)		593,430			9,325,001		911,535		151,625		—
Transamerica Long/Short Strategy		11,652,395		425,552		(2,700,000	)		(767,007	)		1,058,133			9,669,073		1,522,689		425,552		—
Transamerica Managed Futures Strategy		11,669,810		—		(1,800,000	)		(611,701	)		872,436			10,130,545		1,325,988		—		—
Transamerica MLP & Energy Income		3,035,260		113,318		(806,812	)		(29,697	)		153,263			2,465,332		357,813		113,318		—
Transamerica Unconstrained Bond		20,415,476		615,328		(4,369,495	)		(147,397	)		298,251			16,812,163		1,703,360		611,441		—
Total	$	107,459,584	$	3,226,908	$	(24,650,953	)	$	(2,568,784	)	$	5,249,191		$	88,715,946		9,797,477	$	2,071,954	$	—

(C)	Rate disclosed reflects the yield at July 31, 2019.
(D)	There were no transfers in or out of Level 3 during the period ended July 31, 2019. Please reference the Security Valuation section of the Notes to Schedules of Investments for more information regarding security valuation and pricing inputs.

The notes are an integral part of this report. Transamerica Funds Page    2

Transamerica Short-Term Bond

SCHEDULE OF INVESTMENTS

At July 31, 2019

(unaudited)

	Principal		Value
ASSET-BACKED SECURITIES - 16.8%
Access Point Funding I LLC
Series 2017-A, Class A,
3.06%, 04/15/2029 (A)		$  1,745,244		$  1,743,541
Benefit Street Partners CLO VII, Ltd.
Series 2015-VIIA, Class A2R,
3-Month LIBOR + 1.20%, 3.50% (B), 07/18/2027 (A)		8,000,000		7,943,200
BXG Receivables Note Trust
Series 2012-A, Class A,
2.66%, 12/02/2027 (A)		2,113,076		2,112,214
Series 2013-A, Class A,
3.01%, 12/04/2028 (A)		5,677,628		5,644,873
Series 2017-A, Class A,
2.95%, 10/04/2032 (A)		6,066,992		6,038,322
CIFC Funding, Ltd.
Series 2015-2A, Class BR,
3-Month LIBOR + 1.25%, 3.55% (B), 04/15/2027 (A)		16,270,000		16,240,307
Citigroup Mortgage Loan Trust, Inc.
Series 2003-HE3, Class A,
1-Month LIBOR + 0.76%, 3.03% (B), 12/25/2033		328,203		328,405
CWABS, Inc. Asset-Backed Certificates Trust
Series 2006-17, Class 2A2,
1-Month LIBOR + 0.15%, 2.42% (B), 03/25/2047		7,607,773		7,474,179
Diamond Resorts Owner Trust
Series 2017-1A, Class A,
3.27%, 10/22/2029 (A)		6,289,868		6,325,979
Halcyon Loan Advisors Funding, Ltd.
Series 2014-3A, Class B1R,
3-Month LIBOR + 1.70%, 3.98% (B), 10/22/2025 (A)		10,000,000		10,011,350
Series 2015-1A, Class B1R,
3-Month LIBOR + 1.55%, 3.83% (B), 04/20/2027 (A)		8,000,000		7,963,096
Hertz Vehicle Financing II, LP
Series 2019-1A, Class B,
4.10%, 03/25/2023 (A)		11,900,000		12,172,986
Hilton Grand Vacations Trust
Series 2013-A, Class A,
2.28%, 01/25/2026 (A)		703,028		702,796
Series 2014-AA, Class B,
2.07%, 11/25/2026 (A)		2,589,882		2,568,627
ICG CLO, Ltd.
Series 2016-1A, Class A2R,
3-Month LIBOR + 1.70%, 3.96% (B), 07/29/2028 (A)		6,000,000		5,955,780
Jamestown CLO, Ltd.
Series 2014-4A, Class A2R,
3-Month LIBOR + 1.35%, 3.65% (B), 07/15/2026 (A)		13,500,000		13,485,164
Marathon CLO, Ltd.
Series 2014-7A, Class A1R,
3-Month LIBOR + 1.32%, 3.58% (B), 10/28/2025 (A)		9,629,781		9,635,192

	Principal		Value
ASSET-BACKED SECURITIES (continued)
Marriott Vacation Club Owner Trust
Series 2012-1A, Class A,
2.51%, 05/20/2030 (A)		$   1,669,374		$   1,670,258
Mill City Mortgage Loan Trust
Series 2017-3, Class A1,
2.75% (B), 01/25/2061 (A)		13,383,374		13,412,356
Mountain View CLO, Ltd.
Series 2014-1A, Class BRR,
3-Month LIBOR + 1.45%, 3.75% (B), 10/15/2026 (A)		10,000,000		9,970,550
MVW Owner Trust
Series 2014-1A, Class B,
2.70%, 09/22/2031 (A)		2,213,306		2,188,022
Series 2015-1A, Class A,
2.52%, 12/20/2032 (A)		2,264,390		2,254,844
Series 2019-1A, Class A,
2.89%, 11/20/2036 (A)		12,109,358		12,249,566
New Residential Advanced Receivables Trust
Series 2017-T1, Class AT1,
3.21%, 02/15/2051 (A)		17,500,000		17,634,391
NRZ Advance Receivables Trust
Series 2016-T3, Class AT3,
2.83%, 10/15/2051 (A)		10,000,000		9,989,936
Series 2019-T1, Class AT1,
2.59%, 07/15/2052 (A)		5,000,000		4,986,025
Series 2019-T1, Class CT1,
2.93%, 07/15/2052 (A)		5,000,000		4,985,635
Ocwen Master Advance Receivables Trust
Series 2018-T2, Class AT2,
3.60%, 08/15/2050 (A)		9,960,000		10,032,290
Orange Lake Timeshare Trust
Series 2014-AA, Class A,
2.29%, 07/09/2029 (A)		2,490,706		2,475,601
Series 2015-AA, Class A,
2.88%, 09/08/2027 (A)		4,297,188		4,296,182
Series 2016-A, Class A,
2.61%, 03/08/2029 (A)		8,521,454		8,521,512
Series 2018-A, Class C,
3.74%, 11/08/2030 (A)		5,488,460		5,541,329
Series 2019-A, Class C,
3.61%, 04/09/2038 (A)		9,027,384		9,120,515
OZLM Funding IV, Ltd.
Series 2013-4A, Class A2R,
3-Month LIBOR + 1.70%, 3.98% (B), 10/22/2030 (A)		6,000,000		5,951,022
Sierra Timeshare Receivables Funding LLC
Series 2014-3A, Class B,
2.80%, 10/20/2031 (A)		1,516,604		1,515,756
Series 2015-1A, Class A,
2.40%, 03/22/2032 (A)		503,439		502,670
Series 2015-1A, Class B,
3.05%, 03/22/2032 (A)		615,314		614,605
Series 2018-2A, Class B,
3.65%, 06/20/2035 (A)		4,187,276		4,231,671
Series 2018-3A, Class A,
3.69%, 09/20/2035 (A)		5,194,654		5,333,056
Series 2018-3A, Class D,
5.20%, 09/20/2035 (A)		5,077,775		5,096,439
Series 2019-2A, Class C,
3.12%, 05/20/2036 (A)		10,000,000		10,008,291
SLM Student Loan Trust
Series 2006-1, Class B,
3-Month LIBOR + 0.20%, 2.48% (B), 01/25/2027		9,160,000		8,739,812

The notes are an integral part of this report. Transamerica Funds Page    1

Transamerica Short-Term Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
ASSET-BACKED SECURITIES (continued)
Sofi Consumer Loan Program LLC
Series 2017-1, Class A,
3.28%, 01/26/2026 (A)		$   2,423,935		$   2,439,022
Spirit Master Funding LLC
Series 2014-2A, Class A,
5.76%, 03/20/2041 (A)		6,285,849		6,494,858
SPS Servicer Advance Receivables Trust
Series 2018-T1, Class AT1,
3.62%, 10/17/2050 (A)		17,680,000		17,876,372
TICP CLO I, Ltd.
Series 2015-1A, Class BR,
3-Month LIBOR + 1.30%, 3.58% (B), 07/20/2027 (A)		10,000,000		9,961,680
TICP CLO III, Ltd.
Series 2018-3R, Class B,
3-Month LIBOR + 1.35%, 3.63% (B), 04/20/2028 (A)		10,000,000		9,935,410
Towd Point Mortgage Trust
Series 2015-3, Class A1B,
3.00% (B), 03/25/2054 (A)		1,653,595		1,653,411
Series 2015-4, Class A1B,
2.75% (B), 04/25/2055 (A)		5,957,291		5,945,232
Series 2016-3, Class A1,
2.25% (B), 04/25/2056 (A)		6,417,465		6,385,326
Series 2016-5, Class A1,
2.50% (B), 10/25/2056 (A)		9,020,071		8,968,045
Series 2017-1, Class A1,
2.75% (B), 10/25/2056 (A)		13,287,493		13,336,361
Series 2017-2, Class A1,
2.75% (B), 04/25/2057 (A)		5,915,830		5,928,503
Series 2017-3, Class A1,
2.75% (B), 07/25/2057 (A)		10,380,814		10,370,464
Series 2017-4, Class A1,
2.75% (B), 06/25/2057 (A)		10,523,778		10,521,745
Series 2017-6, Class A1,
2.75% (B), 10/25/2057 (A)		11,412,794		11,434,426
Series 2018-1, Class A1,
3.00% (B), 01/25/2058 (A)		10,763,012		10,809,397
Series 2018-2, Class A1,
3.25% (B), 03/25/2058 (A)		4,930,855		4,988,056
Series 2018-3, Class A1,
3.75% (B), 05/25/2058 (A)		8,391,257		8,660,201
Series 2019-1, Class A1,
3.75% (B), 03/25/2058 (A)		11,231,045		11,667,953
Trafigura Securitisation Finance PLC
Series 2017-1A, Class A2,
2.47%, 12/15/2020 (A)		10,000,000		9,961,280
Series 2018-1A, Class A2,
3.73%, 03/15/2022 (A)		11,000,000		11,186,901
VSE VOI Mortgage LLC
Series 2017-A, Class A,
2.33%, 03/20/2035 (A)		8,935,906		8,888,464
Welk Resorts LLC
Series 2013-AA, Class A,
3.10%, 03/15/2029 (A)		2,355,964		2,351,692
Series 2015-AA, Class A,
2.79%, 06/16/2031 (A)		3,059,123		3,051,178
Series 2017-AA, Class A,
2.82%, 06/15/2033 (A)		5,459,057		5,483,551

	Principal		Value
ASSET-BACKED SECURITIES (continued)
Wellfleet CLO, Ltd.
Series 2016-1A, Class BR,
3-Month LIBOR + 1.50%, 3.78% (B), 04/20/2028 (A)		$   15,000,000		$   14,794,095
Total Asset-Backed Securities (Cost $488,223,676)				490,761,968
CORPORATE DEBT SECURITIES - 59.0%
Aerospace & Defense - 0.6%
Lockheed Martin Corp.
2.50%, 11/23/2020		7,102,000		7,118,164
United Technologies Corp.
3.65%, 08/16/2023		9,427,000		9,874,987
				16,993,151
Airlines - 1.1%
America West Airlines Pass-Through Trust
8.06%, 01/02/2022		5,288,970		5,494,393
Delta Air Lines Pass-Through Trust
3.20%, 10/25/2025		6,212,000		6,407,332
Delta Air Lines, Inc.
3.80%, 04/19/2023		9,957,000		10,270,353
Northwest Airlines Pass-Through Trust
6.26%, 05/20/2023		358,939		370,317
Southwest Airlines Co.
2.65%, 11/05/2020		9,964,000		10,001,296
				32,543,691
Banks - 15.8%
ABN AMRO Bank NV
3.40%, 08/27/2021 (A)		15,000,000		15,296,382
AIB Group PLC
4.75%, 10/12/2023 (A)		13,973,000		14,689,549
Banco Santander SA
2.71%, 06/27/2024		8,400,000		8,363,053
3.85%, 04/12/2023		4,600,000		4,770,254
Bank of America Corp.
Fixed until 12/20/2022, 3.00% (B), 12/20/2023		7,542,000		7,646,647
Fixed until 01/20/2022, 3.12% (B), 01/20/2023, MTN		8,000,000		8,117,381
Barclays PLC
Fixed until 05/07/2024, 3.93% (B), 05/07/2025		8,365,000		8,451,085
BNP Paribas SA
5.00%, 01/15/2021		17,935,000		18,630,860
BPCE SA
2.75%, 12/02/2021, MTN		19,500,000		19,642,155
Canadian Imperial Bank of Commerce
3.10%, 04/02/2024 (C)		10,284,000		10,475,676
CIT Group, Inc.
4.13%, 03/09/2021		600,000		610,560
Citibank, NA
Fixed until 05/20/2021, 2.84% (B), 05/20/2022		11,000,000		11,069,416
Citigroup, Inc.
Fixed until 04/24/2024, 3.35% (B), 04/24/2025		12,444,000		12,777,737
Citizens Bank NA
2.25%, 10/30/2020		6,000,000		5,983,307
Commerzbank AG
8.13%, 09/19/2023 (A)		8,000,000		9,252,670

The notes are an integral part of this report. Transamerica Funds Page    2

Transamerica Short-Term Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Banks (continued)
Cooperatieve Rabobank UA
3.95%, 11/09/2022		$   10,100,000		$   10,471,621
Credit Agricole SA
2.75%, 06/10/2020 (A)		8,109,000		8,134,638
Danske Bank A/S
3-Month LIBOR + 1.06%, 3.50% (B), 09/12/2023 (A)		14,743,000		14,385,689
Discover Bank
7.00%, 04/15/2020		16,576,000		17,085,850
Fifth Third Bancorp
3.65%, 01/25/2024		10,000,000		10,465,865
Fifth Third Bank
3.35%, 07/26/2021		8,848,000		9,019,313
First Horizon National Corp.
3.50%, 12/15/2020		8,160,000		8,239,379
First Niagara Financial Group, Inc.
6.75%, 03/19/2020 (C)		13,396,000		13,743,229
7.25%, 12/15/2021		6,340,000		7,001,038
First Tennessee Bank NA
2.95%, 12/01/2019		14,548,000		14,560,893
HSBC Holdings PLC
Fixed until 03/11/2024, 3.80% (B), 03/11/2025		10,692,000		11,067,969
Huntington Bancshares, Inc.
2.30%, 01/14/2022		13,724,000		13,676,761
ING Bank NV
5.80%, 09/25/2023 (A)		12,067,000		13,322,423
JPMorgan Chase & Co.
Fixed until 12/05/2023, 4.02% (B), 12/05/2024		10,000,000		10,602,524
4.25%, 10/15/2020		6,865,000		7,017,227
JPMorgan Chase Bank NA
Fixed until 04/26/2020, 3.09% (B), 04/26/2021		10,000,000		10,046,820
MUFG Union Bank NA
3.15%, 04/01/2022		11,000,000		11,206,817
PNC Financial Services Group, Inc.
3.90%, 04/29/2024		7,811,000		8,245,296
Regions Financial Corp.
2.75%, 08/14/2022		12,360,000		12,438,075
Royal Bank of Scotland Group PLC
3-Month LIBOR + 1.55%, 3.90% (B), 06/25/2024		9,014,000		9,027,796
6.00%, 12/19/2023		11,648,000		12,568,809
Standard Chartered PLC
Fixed until 05/21/2024, 3.79% (B), 05/21/2025 (A)		7,042,000		7,175,767
SunTrust Bank
2.80%, 05/17/2022		11,949,000		12,070,361
US Bancorp
2.40%, 07/30/2024		9,070,000		9,054,707
Wells Fargo & Co.
2.15%, 01/30/2020, MTN		12,348,000		12,334,497
Wells Fargo Bank NA
2.60%, 01/15/2021		19,494,000		19,563,109
Zions Bancorp NA
3.35%, 03/04/2022		5,582,000		5,661,793
3.50%, 08/27/2021		8,390,000		8,540,025
				462,505,023
Beverages - 1.9%
Anheuser-Busch InBev Worldwide, Inc.
3.50%, 01/12/2024		13,991,000		14,621,161

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Beverages (continued)
Constellation Brands, Inc.
2.65%, 11/07/2022		$   8,537,000		$   8,568,844
2.70%, 05/09/2022		5,441,000		5,457,860
Diageo Capital PLC
3.50%, 09/18/2023		9,800,000		10,230,412
PepsiCo, Inc.
3.10%, 07/17/2022		7,471,000		7,660,886
Pernod Ricard SA
5.75%, 04/07/2021 (A)		9,466,000		9,961,447
				56,500,610
Biotechnology - 0.9%
AbbVie, Inc.
2.50%, 05/14/2020		6,351,000		6,350,338
Amgen, Inc.
4.50%, 03/15/2020 (C)		13,653,000		13,817,775
Biogen, Inc.
2.90%, 09/15/2020		4,981,000		5,003,024
				25,171,137
Capital Markets - 4.7%
Ameriprise Financial, Inc.
3.00%, 03/22/2022		7,986,000		8,103,953
5.30%, 03/15/2020		7,040,000		7,162,277
Bank of New York Mellon Corp.
2.20%, 08/16/2023, MTN		10,000,000		9,935,769
2.50%, 04/15/2021, MTN		10,123,000		10,160,461
Charles Schwab Corp.
2.65%, 01/25/2023		9,964,000		10,089,768
Credit Suisse AG
6.50%, 08/08/2023 (A)		12,462,000		13,770,161
Credit Suisse Group Funding Guernsey, Ltd.
3.13%, 12/10/2020		10,000,000		10,069,495
Goldman Sachs Group, Inc.
2.55%, 10/23/2019		20,912,000		20,917,437
Morgan Stanley
Fixed until 07/22/2024, 2.72% (B), 07/22/2025, MTN		4,979,000		4,977,651
2.75%, 05/19/2022		19,925,000		20,069,498
State Street Corp.
3.10%, 05/15/2023		11,076,000		11,339,902
UBS AG
2.20%, 06/08/2020 (A)		11,838,000		11,820,501
				138,416,873
Chemicals - 0.6%
Huntsman International LLC
5.13%, 11/15/2022		6,972,000		7,389,713
Syngenta Finance NV
4.44%, 04/24/2023 (A)		10,000,000		10,453,229
				17,842,942
Commercial Services & Supplies - 0.2%
CK Hutchison International 17 II, Ltd.
2.25%, 09/29/2020 (A)		5,000,000		4,981,354
Consumer Finance - 2.9%
Ally Financial, Inc.
3.88%, 05/21/2024		4,556,000		4,704,070
8.00%, 03/15/2020		5,717,000		5,895,656
American Express Co.
2.20%, 10/30/2020		15,217,000		15,188,318
BMW Capital LLC
3.40%, 08/13/2021 (A)		11,846,000		12,067,650

The notes are an integral part of this report. Transamerica Funds Page    3

Transamerica Short-Term Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Consumer Finance (continued)
Capital One Financial Corp.
2.40%, 10/30/2020		$   9,963,000		$   9,958,159
Daimler Finance North America LLC
3.40%, 02/22/2022 (A)		7,000,000		7,132,269
Ford Motor Credit Co. LLC
3.34%, 03/18/2021		8,000,000		8,041,736
General Motors Financial Co., Inc.
3.20%, 07/06/2021		3,115,000		3,140,049
3.55%, 07/08/2022		9,957,000		10,113,826
Springleaf Finance Corp.
8.25%, 12/15/2020		6,825,000		7,279,272
				83,521,005
Containers & Packaging - 0.3%
Ardagh Packaging Finance PLC / Ardagh Holdings USA, Inc.
4.25%, 09/15/2022 (A)		3,035,000		3,082,042
Reynolds Group Issuer, Inc. / Reynolds Group Issuer LLC
5.75%, 10/15/2020		7,063,826		7,089,468
				10,171,510
Diversified Consumer Services - 0.2%
Nationwide Building Society
Fixed until 04/26/2022, 3.62% (B), 04/26/2023 (A)		6,888,000		6,979,662
Diversified Financial Services - 2.9%
Aircastle, Ltd.
5.13%, 03/15/2021 (C)		7,967,000		8,241,761
Aviation Capital Group LLC
7.13%, 10/15/2020 (A)		18,266,000		19,218,272
AXA Equitable Holdings, Inc.
3.90%, 04/20/2023		12,251,000		12,757,253
GE Capital International Funding Unlimited Co.
2.34%, 11/15/2020		5,800,000		5,775,080
OMX Timber Finance Investments I LLC
5.42%, 01/29/2020 (A)		20,014,000		20,141,367
Protective Life Global Funding
2.70%, 11/25/2020 (A)		8,378,000		8,417,642
Voya Financial, Inc.
3.13%, 07/15/2024		9,332,000		9,475,958
				84,027,333
Diversified Telecommunication Services - 1.0%
AT&T, Inc.
3.88%, 08/15/2021		15,201,000		15,641,593
British Telecommunications PLC
4.50%, 12/04/2023		5,000,000		5,338,161
Verizon Communications, Inc.
3.50%, 11/01/2024		8,134,000		8,518,342
				29,498,096
Electric Utilities - 2.1%
American Electric Power Co., Inc.
2.95%, 12/15/2022		7,294,000		7,389,111
Appalachian Power Co.
4.60%, 03/30/2021		4,528,000		4,665,928
Berkshire Hathaway Energy Co.
2.38%, 01/15/2021		9,958,000		9,975,556
Duke Energy Corp.
3.05%, 08/15/2022		18,483,000		18,754,586

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Electric Utilities (continued)
Entergy Corp.
4.00%, 07/15/2022		$   7,365,000		$   7,662,946
Southern Co.
2.35%, 07/01/2021		11,954,000		11,918,953
				60,367,080
Equity Real Estate Investment Trusts - 2.1%
American Tower Corp.
3.00%, 06/15/2023		9,963,000		10,103,088
Crown Castle International Corp.
5.25%, 01/15/2023		14,538,000		15,774,633
HCP, Inc.
3.15%, 08/01/2022		14,125,000		14,330,717
VEREIT Operating Partnership, LP
4.60%, 02/06/2024		8,370,000		8,916,522
WEA Finance LLC / Westfield UK & Europe Finance PLC
2.70%, 09/17/2019 (A)		12,570,000		12,567,863
				61,692,823
Food & Staples Retailing - 0.8%
Sysco Corp.
2.50%, 07/15/2021		9,646,000		9,669,419
Walgreens Boots Alliance, Inc.
2.70%, 11/18/2019		14,938,000		14,938,847
				24,608,266
Food Products - 0.4%
Mead Johnson Nutrition Co.
4.90%, 11/01/2019		10,859,000		10,924,505
Gas Utilities - 0.5%
DTE Gas Co.
5.00%, 10/01/2019		14,397,000		14,455,845
Health Care Equipment & Supplies - 0.6%
Becton Dickinson and Co.
2.89%, 06/06/2022		9,959,000		10,045,882
3-Month LIBOR + 1.03%, 3.50% (B), 06/06/2022		8,124,000		8,188,985
				18,234,867
Health Care Providers & Services - 2.2%
Anthem, Inc.
2.50%, 11/21/2020		8,464,000		8,475,694
Cigna Corp.
3-Month LIBOR + 0.89%, 3.19% (B), 07/15/2023 (A)		12,689,000		12,716,345
CVS Health Corp.
2.13%, 06/01/2021		15,000,000		14,899,765
Express Scripts Holding Co.
3.90%, 02/15/2022		9,465,000		9,765,460
HCA, Inc.
5.00%, 03/15/2024		9,958,000		10,802,226
UnitedHealth Group, Inc.
3.50%, 02/15/2024		6,971,000		7,312,722
				63,972,212

The notes are an integral part of this report. Transamerica Funds Page    4

Transamerica Short-Term Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Household Durables - 0.4%
Beazer Homes, Inc.
8.75%, 03/15/2022		$   7,100,000		$   7,354,322
DR Horton, Inc.
2.55%, 12/01/2020		4,029,000		4,026,164
				11,380,486
Independent Power & Renewable Electricity Producers - 0.3%
Exelon Generation Co. LLC
4.00%, 10/01/2020		9,554,000		9,681,396
Industrial Conglomerates - 0.2%
General Electric Co.
3-Month LIBOR + 0.80%, 3.10% (B), 04/15/2020, MTN		5,100,000		5,116,800
Insurance - 2.4%
Athene Global Funding
3.00%, 07/01/2022 (A)		14,168,000		14,342,426
Chubb INA Holdings, Inc.
2.88%, 11/03/2022		13,275,000		13,502,931
Five Corners Funding Trust
4.42%, 11/15/2023 (A)		8,785,000		9,374,666
Jackson National Life Global Funding
3.30%, 02/01/2022 (A)		9,000,000		9,169,272
New York Life Global Funding
2.88%, 04/10/2024 (A)		13,626,000		13,871,422
Principal Life Global Funding II
2.15%, 01/10/2020 (A)		8,947,000		8,934,639
				69,195,356
IT Services - 0.6%
First Data Corp.
5.75%, 01/15/2024 (A)		8,253,000		8,490,686
Fiserv, Inc.
2.75%, 07/01/2024		8,481,000		8,544,603
				17,035,289
Leisure Products - 0.2%
Mattel, Inc.
4.35%, 10/01/2020 (C)		7,005,000		7,110,075
Media - 1.8%
CCO Holdings LLC / CCO Holdings Capital Corp.
5.25%, 09/30/2022		7,500,000		7,584,375
Charter Communications Operating LLC / Charter Communications Operating Capital
3.58%, 07/23/2020		17,240,000		17,370,545
Comcast Corp.
3.70%, 04/15/2024		10,863,000		11,486,659
CSC Holdings LLC
6.75%, 11/15/2021		8,655,000		9,260,850
Sky, Ltd.
3.13%, 11/26/2022 (A)		6,970,000		7,138,300
				52,840,729
Metals & Mining - 0.3%
ArcelorMittal
5.50%, 03/01/2021		1,992,000		2,069,794
Glencore Funding LLC
3.00%, 10/27/2022 (A)		6,974,000		7,006,080
				9,075,874

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Multi-Utilities - 0.9%
Black Hills Corp.
4.25%, 11/30/2023		$   7,835,000		$   8,291,389
Dominion Energy, Inc.
2.58%, 07/01/2020		4,498,000		4,498,428
2.72% (D), 08/15/2021		6,115,000		6,124,647
NiSource, Inc.
3.85%, 02/15/2023		7,266,000		7,548,450
				26,462,914
Oil, Gas & Consumable Fuels - 4.4%
BP Capital Markets PLC
1.77%, 09/19/2019		18,516,000		18,499,631
El Paso Natural Gas Co. LLC
8.63%, 01/15/2022		8,935,000		10,157,798
Energy Transfer Operating, LP
4.15%, 10/01/2020		8,000,000		8,118,582
4.20%, 09/15/2023		4,980,000		5,220,420
Eni SpA
4.00%, 09/12/2023 (A)		8,629,000		9,006,784
Husky Energy, Inc.
7.25%, 12/15/2019 (C)		11,950,000		12,142,459
Kinder Morgan, Inc.
3.05%, 12/01/2019		6,132,000		6,138,106
MPLX, LP
3.38%, 03/15/2023		4,499,000		4,605,653
4.88%, 12/01/2024		5,661,000		6,169,045
Sabine Pass Liquefaction LLC
5.63%, 04/15/2023		14,900,000		16,188,204
Shell International Finance BV
1.38%, 09/12/2019		12,447,000		12,433,059
Total Capital International SA
2.22%, 07/12/2021		8,882,000		8,884,393
Williams Cos., Inc.
4.55%, 06/24/2024		7,966,000		8,549,928
YPF SA
8.50%, 03/23/2021 (A) (C)		1,743,000		1,784,396
				127,898,458
Pharmaceuticals - 1.5%
AstraZeneca PLC
2.38%, 06/12/2022		9,966,000		9,991,369
Bayer Finance LLC
3.00%, 10/08/2021 (A)		7,474,000		7,514,712
Bristol-Myers Squibb Co.
2.90%, 07/26/2024 (A)		14,936,000		15,273,502
Shire Acquisitions Investments Ireland DAC
1.90%, 09/23/2019		5,929,000		5,924,251
Takeda Pharmaceutical Co., Ltd.
3.80%, 11/26/2020 (A)		3,761,000		3,824,027
				42,527,861
Road & Rail - 0.9%
Avolon Holdings Funding, Ltd.
3.63%, 05/01/2022 (A)		12,397,000		12,566,839
Canadian Pacific Railway Co.
9.45%, 08/01/2021		7,000,000		7,917,941
Union Pacific Corp.
3.50%, 06/08/2023		4,457,000		4,629,395
				25,114,175

The notes are an integral part of this report. Transamerica Funds Page    5

Transamerica Short-Term Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Semiconductors & Semiconductor Equipment - 0.7%
Broadcom, Inc.
3.13%, 04/15/2021 (A)		$   11,904,000		$   11,969,820
KLA Corp.
4.65%, 11/01/2024		8,678,000		9,460,133
				21,429,953
Software - 0.4%
CDK Global, Inc.
3.80%, 10/15/2019		11,925,000		11,910,094
Technology Hardware, Storage & Peripherals - 0.3%
Hewlett Packard Enterprise Co.
3.50%, 10/05/2021		7,170,000		7,297,415
Tobacco - 0.5%
BAT Capital Corp.
3.22%, 08/15/2024		5,795,000		5,842,117
Imperial Brands Finance PLC
3.13%, 07/26/2024 (A)		8,609,000		8,590,264
				14,432,381
Trading Companies & Distributors - 0.8%
International Lease Finance Corp.
8.25%, 12/15/2020		21,682,000		23,313,316
Transportation Infrastructure - 0.3%
Penske Truck Leasing Co., LP / PTL Finance Corp.
3.45%, 07/01/2024 (A)		7,966,000		8,219,908
Wireless Telecommunication Services - 0.3%
Vodafone Group PLC
3.75%, 01/16/2024		8,355,000		8,698,337
Total Corporate Debt Securities (Cost $1,699,328,787)				1,722,148,802
FOREIGN GOVERNMENT OBLIGATION - 0.1%
Qatar - 0.1%
Qatar Government International Bond
3.88%, 04/23/2023 (A)		2,175,000		2,291,906
Total Foreign Government Obligation (Cost $2,163,738)				2,291,906
LOAN ASSIGNMENT - 0.4%
Commercial Services & Supplies - 0.4%
Spin Holdco, Inc.
Term Loan B,
3-Month LIBOR + 3.25%, 5.27% (B), 11/14/2022		13,097,047		12,916,963
Total Loan Assignment (Cost $13,063,869)				12,916,963
MORTGAGE-BACKED SECURITIES - 20.6%
20 Times Square Trust
Series 2018-20TS, Class C,
3.10% (B), 05/15/2035 (A)		10,900,000		11,018,281
280 Park Avenue Mortgage Trust
Series 2017-280P, Class C,
1-Month LIBOR + 1.25%, 3.58% (B), 09/15/2034 (A)		15,640,000		15,644,811

	Principal		Value
MORTGAGE-BACKED SECURITIES (continued)
Arroyo Mortgage Trust
Series 2018-1, Class A1,
3.76% (B), 04/25/2048 (A)		$   9,451,166		$   9,648,714
Ashford Hospitality Trust
Series 2018-ASHF, Class C,
1-Month LIBOR + 1.40%, 3.73% (B), 04/15/2035 (A)		17,440,000		17,461,732
Series 2018-ASHF, Class D,
1-Month LIBOR + 2.10%, 4.43% (B), 04/15/2035 (A)		10,520,000		10,585,854
BBCMS Mortgage Trust
Series 2017-DELC, Class C,
1-Month LIBOR + 1.20%, 3.53% (B), 08/15/2036 (A)		14,890,000		14,852,744
Series 2017-DELC, Class D,
1-Month LIBOR + 1.70%, 4.03% (B), 08/15/2036 (A)		15,000,000		14,999,867
Series 2018-TALL, Class C,
1-Month LIBOR + 1.12%, 3.45% (B), 03/15/2037 (A)		17,415,000		17,420,357
Series 2018-TALL, Class E,
1-Month LIBOR + 2.44%, 4.76% (B), 03/15/2037 (A)		15,000,000		15,065,676
BHMS Trust
Series 2018-ATLS, Class C,
1-Month LIBOR + 1.90%, 4.23% (B), 07/15/2035 (A)		14,900,000		14,937,155
BX Trust
Series 2017-APPL, Class C,
1-Month LIBOR + 1.40%, 3.73% (B), 07/15/2034 (A)		15,300,000		15,304,639
Series 2017-SLCT, Class C,
1-Month LIBOR + 1.40%, 3.73% (B), 07/15/2034 (A)		12,750,000		12,757,882
Series 2018-GW, Class C,
1-Month LIBOR + 1.22%, 3.55% (B), 05/15/2035 (A)		5,480,000		5,486,791
Series 2018-GW, Class D,
1-Month LIBOR + 1.77%, 4.10% (B), 05/15/2035 (A)		4,250,000		4,273,906
BXP Trust
Series 2017-CQHP, Class D,
1-Month LIBOR + 2.00%, 4.33% (B), 11/15/2034 (A)		11,825,000		11,780,708
Caesars Palace Las Vegas Trust
Series 2017-VICI, Class A,
3.53%, 10/15/2034 (A)		15,000,000		15,483,085
CAMB Commercial Mortgage Trust
Series 2019-LIFE, Class D,
1-Month LIBOR + 1.75%, 4.08% (B), 12/15/2037 (A)		9,760,000		9,827,163
CCRESG Commercial Mortgage Trust
Series 2016-HEAT, Class B,
4.11%, 04/10/2029 (A)		4,319,000		4,366,612
Series 2016-HEAT, Class C,
4.92%, 04/10/2029 (A)		3,619,000		3,686,438
Series 2016-HEAT, Class D,
5.49% (B), 04/10/2029 (A)		7,290,000		7,437,017
CGMS Commercial Mortgage Trust
Series 2017-MDRB, Class B,
1-Month LIBOR + 1.75%, 4.08% (B), 07/15/2030 (A)		10,000,000		9,992,522

The notes are an integral part of this report. Transamerica Funds Page    6

Transamerica Short-Term Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
MORTGAGE-BACKED SECURITIES (continued)
CHT Mortgage Trust
Series 2017-CSMO, Class D,
1-Month LIBOR + 2.25%, 4.58% (B), 11/15/2036 (A)		$   17,400,000		$   17,454,351
Citigroup Commercial Mortgage Trust
Series 2017-1500, Class B,
1-Month LIBOR + 1.10%, 3.43% (B), 07/15/2029 (A)		5,000,000		4,992,644
Series 2017-1500, Class C,
1-Month LIBOR + 1.25%, 3.58% (B), 07/15/2032 (A)		3,500,000		3,493,407
Citigroup Mortgage Loan Trust, Inc.
Series 2014-A, Class A,
4.00% (B), 01/25/2035 (A)		3,731,566		3,860,519
Series 2018-RP1, Class A1,
3.00% (B), 09/25/2064 (A)		9,498,470		9,592,989
CLNS Trust
Series 2017-IKPR, Class C,
1-Month LIBOR + 1.10%, 3.47% (B), 06/11/2032 (A)		14,800,000		14,799,750
CORE Mortgage Trust
Series 2019-CORE, Class C,
1-Month LIBOR + 1.30%, 3.63% (B), 12/15/2031 (A)		10,000,000		10,006,256
DBCG Mortgage Trust
Series 2017-BBG, Class B,
1-Month LIBOR + 0.85%, 3.18% (B), 06/15/2034 (A)		12,500,000		12,496,109
Series 2017-BBG, Class C,
1-Month LIBOR + 1.00%, 3.33% (B), 06/15/2034 (A)		2,500,000		2,497,649
DBWF Mortgage Trust
Series 2018-GLKS, Class D,
1-Month LIBOR + 2.40%, 4.70% (B), 11/19/2035 (A)		10,000,000		9,997,804
GPT Mortgage Trust
Series 2018-GPP, Class C,
1-Month LIBOR + 1.40%, 3.73% (B), 06/15/2035 (A)		5,000,000		4,974,886
Series 2018-GPP, Class D,
1-Month LIBOR + 1.85%, 4.18% (B), 06/15/2035 (A)		5,000,000		4,962,368
GS Mortgage Securities Corp. Trust
Series 2018-FBLU, Class D,
1-Month LIBOR + 2.00%, 4.33% (B), 11/15/2035 (A)		16,400,000		16,482,000
Series 2019-SOHO, Class D,
1-Month LIBOR + 1.60%, 3.93% (B), 06/15/2036 (A)		7,500,000		7,504,623
GS Mortgage Securities Trust
Series 2013-G1, Class A1,
2.06%, 04/10/2031 (A)		5,205,728		5,169,636
Hilton Orlando Trust
Series 2018-ORL, Class C,
1-Month LIBOR + 1.30%, 3.63% (B), 12/15/2034 (A)		10,000,000		10,012,346
HPLY Trust
Series 2019-HIT, Class C,
1-Month LIBOR + 1.60%, 3.93% (B), 11/15/2036 (A)		8,700,000		8,727,252

	Principal		Value
MORTGAGE-BACKED SECURITIES (continued)
JPMorgan Chase Commercial Mortgage Securities Trust
Series 2014-DSTY, Class C,
3.80% (B), 06/10/2027 (A)		$   10,000,000		$   9,260,616
Lehman Brothers Small Balance Commercial Mortgage Trust
Series 2005-1A, Class A,
1-Month LIBOR + 0.25%, 2.65% (B), 02/25/2030 (A)		996,902		987,365
Metlife Securitization Trust
Series 2017-1A, Class A,
3.00% (B), 04/25/2055 (A)		12,322,282		12,390,058
Monarch Beach Resort Trust
Series 2018-MBR, Class D,
1-Month LIBOR + 1.70%, 4.03% (B), 07/15/2035 (A)		12,000,000		12,037,442
Morgan Stanley Capital I Trust
Series 2017-ASHF, Class D,
1-Month LIBOR + 2.20%, 4.53% (B), 11/15/2034 (A)		10,800,000		10,786,463
Series 2018-SUN, Class C,
1-Month LIBOR + 1.40%, 3.73% (B), 07/15/2035 (A)		10,850,000		10,877,117
Series 2019-BPR, Class B,
1-Month LIBOR + 2.10%, 4.43% (B), 05/15/2036 (A)		6,720,000		6,719,981
Mortgage Equity Conversion Asset Trust
Series 2010-1A, Class A,
4.00%, 07/25/2060 (A)		4,799,075		4,610,185
Motel 6 Trust
Series 2017-MTL6, Class C,
1-Month LIBOR + 1.40%, 3.73% (B), 08/15/2034 (A)		8,604,547		8,609,931
MSCG Trust
Series 2018-SELF, Class C,
1-Month LIBOR + 1.18%, 3.51% (B), 10/15/2037 (A)		11,780,000		11,794,714
Series 2018-SELF, Class D,
1-Month LIBOR + 1.65%, 3.98% (B), 10/15/2037 (A)		5,320,000		5,333,299
New Residential Mortgage Loan Trust
Series 2014-1A, Class A,
3.75% (B), 01/25/2054 (A)		2,351,077		2,421,506
Series 2014-3A, Class AFX3,
3.75% (B), 11/25/2054 (A)		2,870,904		2,946,978
Series 2016-4A, Class A1,
3.75% (B), 11/25/2056 (A)		4,912,980		5,041,596
Series 2017-3A, Class A1,
4.00% (B), 04/25/2057 (A)		8,718,922		9,007,917
Series 2017-4A, Class A1,
4.00% (B), 05/25/2057 (A)		5,911,653		6,130,251
Series 2017-5A, Class A1,
1-Month LIBOR + 1.50%, 3.77% (B), 06/25/2057 (A)		6,764,974		6,884,342
Series 2018-1A, Class A1A,
4.00% (B), 12/25/2057 (A)		5,309,619		5,498,032
Series 2018-2A, Class A1,
4.50% (B), 02/25/2058 (A)		8,698,095		9,075,350
Series 2018-RPL1, Class A1,
3.50% (B), 12/25/2057 (A)		6,120,189		6,231,314
Series 2019-2A, Class A1,
4.25% (B), 12/25/2057 (A)		11,194,706		11,602,077
Series 2019-3A, Class A1A,
3.75% (B), 11/25/2058 (A)		9,762,461		10,082,396

The notes are an integral part of this report. Transamerica Funds Page    7

Transamerica Short-Term Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
MORTGAGE-BACKED SECURITIES (continued)
New Residential Mortgage Loan Trust (continued)
Series 2019-RPL2, Class A1,
3.25% (B), 02/25/2049 (A)		$  10,000,000		$  10,134,100
RBSSP Resecuritization Trust
Series 2013-2, Class 2A1,
1-Month LIBOR + 0.19%, 2.58% (B), 12/20/2036 (A)		6,443,202		6,397,736
Stonemont Portfolio Trust
Series 2017-MONT, Class C,
1-Month LIBOR + 1.25%, 3.52% (B), 08/20/2030 (A)		14,449,717		14,454,100
Tharaldson Hotel Portfolio Trust
Series 2018-THL, Class C,
1-Month LIBOR + 1.35%, 3.71% (B), 11/11/2034 (A)		12,151,204		12,173,843
TIAA Seasoned Commercial Mortgage Trust
Series 2007-C4, Class AJ,
5.48% (B), 08/15/2039		198,420		198,950
Total Mortgage-Backed Securities (Cost $599,321,598)				600,744,202
U.S. GOVERNMENT AGENCY OBLIGATION - 0.0% (E)
Federal Home Loan Mortgage Corp.
12-Month LIBOR + 1.77%, 4.52% (B), 08/01/2037		330,185		348,313
Total U.S. Government Agency Obligation (Cost $334,815)				348,313
U.S. GOVERNMENT OBLIGATIONS - 0.4%
U.S. Treasury - 0.4%
U.S. Treasury Note
2.50%, 12/31/2020		8,445,200		8,504,910

	Principal		Value
U.S. GOVERNMENT OBLIGATIONS (continued)
U.S. Treasury (continued)
U.S. Treasury Note (continued)
2.63%, 12/31/2023		$   2,745,000		$   2,834,106
Total U.S. Government Obligations (Cost $11,182,370)				11,339,016
	Shares		Value
OTHER INVESTMENT COMPANY - 0.6%
Securities Lending Collateral - 0.6%
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 2.32% (F)		17,928,223		17,928,223
Total Other Investment Company (Cost $17,928,223)				17,928,223
	Principal		Value
REPURCHASE AGREEMENT - 2.4%
Fixed Income Clearing Corp., 1.45% (F), dated 07/31/2019, to be repurchased at $70,253,159 on 08/01/2019. Collateralized by a U.S. Government Obligation, 2.50%, due 02/28/2021, and with a value of $71,659,954.		$  70,250,329		70,250,329
Total Repurchase Agreement (Cost $70,250,329)				70,250,329
Total Investments (Cost $2,901,797,405)				2,928,729,722
Net Other Assets (Liabilities) - (0.3)%				(7,961,533	)
Net Assets - 100.0%				$  2,920,768,189

SECURITY VALUATION:

Valuation Inputs ^(G)

	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Asset-Backed Securities	$	—	$	490,761,968	$	—	$	490,761,968
Corporate Debt Securities		—		1,722,148,802		—		1,722,148,802
Foreign Government Obligation		—		2,291,906		—		2,291,906
Loan Assignment		—		12,916,963		—		12,916,963
Mortgage-Backed Securities		—		600,744,202		—		600,744,202
U.S. Government Agency Obligation		—		348,313		—		348,313
U.S. Government Obligations		—		11,339,016		—		11,339,016
Other Investment Company		17,928,223		—		—		17,928,223
Repurchase Agreement		—		70,250,329		—		70,250,329
Total Investments	$	17,928,223	$	2,910,801,499	$	—	$	2,928,729,722

The notes are an integral part of this report. Transamerica Funds Page    8

Transamerica Short-Term Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	Securities are registered pursuant to Rule 144A of the Securities Act of 1933. Unless otherwise indicated, the securities are deemed to be liquid for purposes of compliance limitations on holdings of illiquid securities and may be resold as transactions exempt from registration, normally to qualified institutional buyers. At July 31, 2019, the total value of 144A securities is $1,469,701,395, representing 50.3% of the Fund’s net assets.
(B)	Floating or variable rate securities. The rates disclosed are as of July 31, 2019. For securities based on a published reference rate and spread, the reference rate and spread are indicated within the description. Variable rate securities with a floor or ceiling feature are disclosed at the inherent rate, where applicable. Certain variable rate securities are not based on a published reference rate and spread, but are determined by the issuer or agent and are based on current market conditions; these securities do not indicate a reference rate and spread in the description.
(C)	All or a portion of the securities are on loan. The total value of all securities on loan is $17,567,333. The amount of securities on loan indicated may not correspond with the securities on loan identified because securities with pending sales are in the process of recall from the brokers.
(D)	Step bond. Coupon rate changes in increments to maturity. The rate disclosed is as of July 31, 2019; the maturity date disclosed is the ultimate maturity date.
(E)	Percentage rounds to less than 0.1% or (0.1)%.
(F)	Rates disclosed reflect the yields at July 31, 2019.
(G)	There were no transfers in or out of Level 3 during the period ended July 31, 2019. Please reference the Security Valuation section of the Notes to Schedules of Investments for more information regarding security valuation and pricing inputs.

PORTFOLIO ABBREVIATIONS:

LIBOR	London Interbank Offered Rate
MTN	Medium Term Note

The notes are an integral part of this report. Transamerica Funds Page    9

Transamerica Small Cap Core

SCHEDULE OF INVESTMENTS

At July 31, 2019

(unaudited)

	Shares		Value
COMMON STOCKS - 97.9%
Aerospace & Defense - 0.3%
AAR Corp.		14,080		$  589,389
Air Freight & Logistics - 1.0%
Echo Global Logistics, Inc. (A)		26,635		560,933
Hub Group, Inc., Class A (A)		15,480		702,018
Radiant Logistics, Inc. (A)		98,665		541,671
				1,804,622
Banks - 8.9%
1st Source Corp.		8,240		386,868
Bancorp, Inc. (A)		32,200		311,696
Bank OZK		19,580		598,756
Cadence BanCorp		30,100		515,914
Cathay General Bancorp		16,995		632,554
CIT Group, Inc.		12,450		629,348
Community Trust Bancorp, Inc.		6,270		265,158
ConnectOne Bancorp, Inc.		21,630		494,462
Customers Bancorp, Inc. (A)		26,120		538,594
Eagle Bancorp, Inc.		11,405		459,736
Financial Institutions, Inc.		9,175		282,498
First Financial Corp.		7,200		312,552
First Internet Bancorp		8,600		181,288
First Merchants Corp.		15,995		630,363
Great Southern Bancorp, Inc.		6,120		366,955
Hancock Whitney Corp.		15,455		641,692
Hanmi Financial Corp.		25,365		545,094
Home BancShares, Inc.		31,000		609,770
Hope Bancorp, Inc.		45,110		665,372
IBERIABANK Corp.		8,320		653,702
Independent Bank Corp.		20,795		452,083
Lakeland Financial Corp.		12,275		564,527
PCB Bancorp		10,600		175,960
Peapack Gladstone Financial Corp.		15,705		446,493
Preferred Bank		11,645		631,043
RBB Bancorp		12,555		252,356
Sandy Spring Bancorp, Inc.		16,805		612,374
Sterling Bancorp		27,730		605,901
Synovus Financial Corp.		17,360		662,631
Texas Capital Bancshares, Inc. (A)		10,255		645,347
United Community Banks, Inc.		22,675		650,773
Western Alliance Bancorp (A)		13,355		660,271
				16,082,131
Biotechnology - 3.2%
AMAG Pharmaceuticals, Inc. (A) (B)		63,425		523,890
Anika Therapeutics, Inc. (A)		14,340		789,990
Arena Pharmaceuticals, Inc. (A)		9,550		598,594
Eagle Pharmaceuticals, Inc. (A)		10,830		594,134
Enanta Pharmaceuticals, Inc. (A)		6,610		495,882
Ligand Pharmaceuticals, Inc. (A)		5,015		458,923
Myriad Genetics, Inc. (A)		22,820		664,975
PDL BioPharma, Inc. (A)		181,495		522,706
United Therapeutics Corp. (A)		6,720		532,493
Vanda Pharmaceuticals, Inc. (A)		45,990		572,575
				5,754,162
Building Products - 0.3%
Quanex Building Products Corp.		26,385		491,289

	Shares		Value
COMMON STOCKS (continued)
Capital Markets - 1.5%
Cowen, Inc. (A)		37,370		$   656,217
Janus Henderson Group PLC		25,985		521,519
Legg Mason, Inc.		15,285		575,633
Oaktree Specialty Lending Corp.		75,370		401,722
Waddell & Reed Financial, Inc., Class A		34,960		611,800
				2,766,891
Chemicals - 1.6%
Huntsman Corp.		28,585		587,422
Kraton Corp. (A)		19,280		591,317
Olin Corp.		28,015		562,261
Rayonier Advanced Materials, Inc. (B)		114,420		532,053
Trinseo SA		13,685		531,115
				2,804,168
Commercial Services & Supplies - 3.3%
ABM Industries, Inc.		14,225		598,730
ACCO Brands Corp.		69,850		683,133
Deluxe Corp.		14,135		630,704
Ennis, Inc.		24,960		507,437
Herman Miller, Inc.		13,080		593,047
HNI Corp.		16,710		572,151
Matthews International Corp., Class A		16,815		574,232
Pitney Bowes, Inc.		119,915		485,656
Quad/Graphics, Inc. (B)		72,675		821,954
R.R. Donnelley & Sons Co.		267,051		539,443
				6,006,487
Communications Equipment - 1.4%
AudioCodes, Ltd.		27,045		504,660
Comtech Telecommunications Corp.		20,500		610,080
Extreme Networks, Inc. (A)		87,600		713,064
NetScout Systems, Inc. (A)		23,625		615,195
				2,442,999
Construction & Engineering - 1.1%
AECOM (A)		15,840		569,448
Aegion Corp. (A)		24,340		458,809
EMCOR Group, Inc.		6,720		567,101
Sterling Construction Co., Inc. (A)		33,440		418,669
				2,014,027
Consumer Finance - 1.4%
Enova International, Inc. (A)		26,190		705,820
EZCORP, Inc., Class A (A)		53,395		525,941
Navient Corp.		43,605		617,011
OneMain Holdings, Inc.		17,010		705,064
				2,553,836
Containers & Packaging - 0.2%
Myers Industries, Inc.		22,230		359,459
Distributors - 0.3%
Core-Mark Holding Co., Inc.		16,010		599,254
Diversified Consumer Services - 0.6%
American Public Education, Inc. (A)		14,095		465,417
K12, Inc. (A)		19,662		586,911
				1,052,328
Electric Utilities - 1.3%
ALLETE, Inc.		6,790		590,390

The notes are an integral part of this report. Transamerica Funds Page    1

Transamerica Small Cap Core

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Electric Utilities (continued)
Hawaiian Electric Industries, Inc.		13,270		$   594,496
IDACORP, Inc.		6,050		617,463
Portland General Electric Co.		10,680		585,798
				2,388,147
Electrical Equipment - 1.2%
Acuity Brands, Inc.		4,405		591,239
American Superconductor Corp. (A)		47,250		420,052
Encore Wire Corp.		10,640		584,349
Regal Beloit Corp.		7,730		615,463
				2,211,103
Electronic Equipment, Instruments & Components - 4.4%
Avnet, Inc.		13,940		633,155
Badger Meter, Inc.		10,170		543,993
Belden, Inc.		10,690		485,967
Benchmark Electronics, Inc.		23,305		630,633
Fabrinet (A)		11,730		629,666
Hollysys Automation Technologies, Ltd.		29,275		506,165
Insight Enterprises, Inc. (A)		10,330		568,357
OSI Systems, Inc. (A)		5,530		622,457
PC Connection, Inc.		14,080		460,557
Sanmina Corp. (A)		20,760		659,130
ScanSource, Inc. (A)		18,235		619,078
Tech Data Corp. (A)		6,065		614,627
Vishay Intertechnology, Inc.		35,975		611,575
Vishay Precision Group, Inc. (A)		10,990		447,733
				8,033,093
Energy Equipment & Services - 1.1%
Mammoth Energy Services, Inc.		72,720		471,226
Matrix Service Co. (A)		22,655		416,172
Nabors Industries, Ltd.		253,745		751,085
Precision Drilling Corp. (A) (B)		236,305		404,082
				2,042,565
Equity Real Estate Investment Trusts - 6.0%
Apple Hospitality, Inc.		39,785		625,022
Brixmor Property Group, Inc.		32,345		613,908
Chatham Lodging Trust		30,875		551,428
DiamondRock Hospitality Co.		61,545		619,758
Hersha Hospitality Trust		36,715		573,488
Hospitality Properties Trust		23,255		574,631
Kite Realty Group Trust		39,310		625,422
Lexington Realty Trust		61,035		602,416
Medical Properties Trust, Inc.		34,830		609,525
Office Properties Income Trust		21,968		618,839
Retail Properties of America, Inc., Class A		52,480		638,157
RLJ Lodging Trust		34,815		601,603
Sabra Health Care, Inc.		28,760		593,606
Senior Housing Properties Trust		70,080		574,656
SITE Centers Corp.		44,665		636,476
Summit Hotel Properties, Inc.		53,045		589,330
Sunstone Hotel Investors, Inc.		45,170		596,696
Washington Prime Group, Inc. (B)		149,215		541,650
				10,786,611
Food & Staples Retailing - 0.7%
Natural Grocers by Vitamin Cottage, Inc. (A)		31,060		284,820
SpartanNash Co.		49,430		584,263
Sprouts Farmers Market, Inc. (A)		28,615		484,452
				1,353,535

	Shares		Value
COMMON STOCKS (continued)
Food Products - 0.7%
Cal-Maine Foods, Inc.		14,210		$   565,132
TreeHouse Foods, Inc. (A)		11,165		662,531
				1,227,663
Gas Utilities - 0.3%
National Fuel Gas Co.		11,770		561,900
Health Care Equipment & Supplies - 3.3%
Accuray, Inc. (A)		131,755		545,466
AngioDynamics, Inc. (A)		27,470		559,839
Haemonetics Corp. (A)		4,770		582,321
Hill-Rom Holdings, Inc.		5,580		595,051
Integer Holdings Corp. (A)		7,255		635,030
Masimo Corp. (A)		3,880		612,458
Meridian Bioscience, Inc.		46,200		552,090
Natus Medical, Inc. (A)		22,625		702,959
OraSure Technologies, Inc. (A)		72,270		603,454
Orthofix Medical, Inc. (A)		10,735		573,786
				5,962,454
Health Care Providers & Services - 6.7%
Acadia Healthcare Co., Inc. (A)		18,315		584,981
Amedisys, Inc. (A)		4,735		652,909
AMN Healthcare Services, Inc. (A)		10,715		571,967
Brookdale Senior Living, Inc. (A)		73,585		573,227
Chemed Corp.		1,567		635,246
Community Health Systems, Inc. (A) (B)		252,115		516,836
Cross Country Healthcare, Inc. (A)		43,890		416,516
Encompass Health Corp.		9,150		584,136
Ensign Group, Inc.		10,230		616,460
Magellan Health, Inc. (A)		8,300		583,822
MEDNAX, Inc. (A)		24,725		607,493
Molina Healthcare, Inc. (A)		4,085		542,406
National HealthCare Corp.		6,835		598,746
Owens & Minor, Inc.		173,630		470,537
Patterson Cos., Inc.		28,345		561,231
Premier, Inc., Class A (A)		14,950		579,313
Providence Service Corp. (A)		10,445		582,204
Select Medical Holdings Corp. (A)		37,795		632,689
Tenet Healthcare Corp. (A)		30,695		723,481
Tivity Health, Inc. (A) (B)		29,825		520,446
US Physical Therapy, Inc.		4,670		602,804
				12,157,450
Health Care Technology - 1.5%
Allscripts Healthcare Solutions, Inc. (A)		52,075		536,372
Computer Programs & Systems, Inc.		18,915		488,196
HealthStream, Inc. (A)		21,220		599,253
HMS Holdings Corp. (A)		17,590		613,891
NextGen Healthcare, Inc. (A)		29,330		479,839
				2,717,551
Hotels, Restaurants & Leisure - 0.4%
Red Robin Gourmet Burgers, Inc. (A)		19,800		653,796
Household Durables - 1.0%
Ethan Allen Interiors, Inc.		29,635		609,888
La-Z-Boy, Inc.		18,140		598,439
Turtle Beach Corp. (A) (B)		56,660		588,697
				1,797,024
Household Products - 0.3%
Spectrum Brands Holdings, Inc.		10,680		535,175

The notes are an integral part of this report. Transamerica Funds Page    2

Transamerica Small Cap Core

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Insurance - 2.8%
American Equity Investment Life Holding Co.		22,725		$   586,305
American National Insurance Co.		4,855		587,552
Assured Guaranty, Ltd.		14,295		624,548
CNO Financial Group, Inc.		35,600		601,996
Genworth Financial, Inc., Class A (A)		152,115		606,939
Hanover Insurance Group, Inc.		4,530		587,586
HCI Group, Inc.		10,845		434,776
Mercury General Corp.		9,215		522,583
Third Point Reinsurance, Ltd. (A)		58,235		587,009
				5,139,294
Interactive Media & Services - 0.3%
Meet Group, Inc. (A)		160,625		552,550
Internet & Direct Marketing Retail - 0.1%
Points International, Ltd. (A)		15,820		189,049
IT Services - 2.6%
CACI International, Inc., Class A (A)		2,740		589,511
Cardtronics PLC, Class A (A)		17,955		511,358
EVERTEC, Inc.		17,910		573,478
KBR, Inc.		23,370		616,501
MAXIMUS, Inc.		7,945		584,037
NIC, Inc.		34,955		634,084
Perficient, Inc. (A)		16,830		575,081
Sykes Enterprises, Inc. (A)		22,153		626,708
				4,710,758
Life Sciences Tools & Services - 1.4%
Bruker Corp.		11,865		567,740
Charles River Laboratories International, Inc. (A)		4,360		586,595
ICON PLC (A)		3,910		610,625
Medpace Holdings, Inc. (A)		9,220		726,167
				2,491,127
Machinery - 2.6%
AGCO Corp.		7,620		586,740
Columbus McKinnon Corp.		14,520		558,149
Commercial Vehicle Group, Inc. (A)		60,169		488,572
EnPro Industries, Inc.		9,295		660,317
Meritor, Inc. (A)		25,265		624,803
Rexnord Corp. (A)		21,670		634,714
TriMas Corp. (A)		18,710		561,113
Wabash National Corp.		38,325		606,685
				4,721,093
Media - 2.5%
AMC Networks, Inc., Class A (A)		10,370		553,551
Entercom Communications Corp., Class A		101,690		577,599
John Wiley & Sons, Inc., Class A		13,820		628,948
Meredith Corp. (B)		10,700		587,002
MSG Networks, Inc., Class A (A)		28,675		544,538
National CineMedia, Inc.		62,315		443,683
News Corp., Class A		43,395		571,078
TEGNA, Inc.		37,225		565,448
				4,471,847
Metals & Mining - 2.6%
AK Steel Holding Corp. (A) (B)		267,650		754,773
Allegheny Technologies, Inc. (A)		23,530		512,248
New Gold, Inc. (A)		440,930		590,846

	Shares		Value
COMMON STOCKS (continued)
Metals & Mining (continued)
Schnitzer Steel Industries, Inc., Class A		23,400		$   623,142
SunCoke Energy, Inc. (A)		66,145		502,041
U.S. Steel Corp. (B)		41,265		620,213
Warrior Met Coal, Inc.		22,865		565,680
Worthington Industries, Inc.		14,920		600,082
				4,769,025
Mortgage Real Estate Investment Trusts - 0.6%
Ares Commercial Real Estate Corp.		30,205		458,210
Western Asset Mortgage Capital Corp.		58,690		596,290
				1,054,500
Multi-Utilities - 0.7%
MDU Resources Group, Inc.		23,130		618,496
NorthWestern Corp.		8,565		598,865
				1,217,361
Oil, Gas & Consumable Fuels - 6.2%
Arch Coal, Inc., Class A		6,530		582,215
Bonanza Creek Energy, Inc. (A)		26,025		567,345
CNX Resources Corp. (A)		68,525		563,275
Cosan, Ltd., Class A (A)		41,660		611,152
Crescent Point Energy Corp.		186,630		617,745
Denbury Resources, Inc. (A) (B)		492,950		557,034
Enerplus Corp.		84,100		556,742
Green Plains, Inc.		56,740		572,507
Gulfport Energy Corp. (A)		148,660		561,935
Laredo Petroleum, Inc. (A)		177,265		588,520
Montage Resources Corp. (A)		117,545		392,600
Peabody Energy Corp.		25,485		536,714
Range Resources Corp. (B)		90,770		516,481
Renewable Energy Group, Inc. (A)		35,570		483,396
SM Energy Co.		59,465		592,866
Southwestern Energy Co. (A) (B)		233,605		513,931
Unit Corp. (A)		75,961		493,747
W&T Offshore, Inc. (A)		119,610		537,049
Whiting Petroleum Corp. (A) (B)		38,300		677,144
World Fuel Services Corp.		16,220		633,229
				11,155,627
Paper & Forest Products - 1.2%
Domtar Corp.		13,325		565,646
Resolute Forest Products, Inc.		75,790		462,319
Schweitzer-Mauduit International, Inc.		18,710		644,186
Verso Corp., Class A (A)		32,540		526,497
				2,198,648
Personal Products - 0.9%
Edgewell Personal Care Co. (A)		20,420		621,381
Nu Skin Enterprises, Inc., Class A		11,190		447,376
USANA Health Sciences, Inc. (A)		9,415		640,691
				1,709,448
Pharmaceuticals - 3.1%
ANI Pharmaceuticals, Inc. (A)		7,250		613,278
Assertio Therapeutics, Inc. (A)		143,280		491,450
Bausch Health Cos., Inc. (A)		25,785		618,066
Endo International PLC (A)		138,425		438,807
Horizon Therapeutics PLC (A)		23,495		584,791
Innoviva, Inc. (A)		43,410		515,711
Mallinckrodt PLC (A)		65,465		445,817
Prestige Consumer Healthcare, Inc. (A)		20,320		703,072

The notes are an integral part of this report. Transamerica Funds Page    3

Transamerica Small Cap Core

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Pharmaceuticals (continued)
Supernus Pharmaceuticals, Inc. (A)		18,385		$   613,507
Taro Pharmaceutical Industries, Ltd.		7,175		579,525
				5,604,024
Professional Services - 1.2%
Heidrick & Struggles International, Inc.		19,100		567,270
ManpowerGroup, Inc.		6,715		613,415
Resources Connection, Inc.		22,815		401,544
TrueBlue, Inc. (A)		26,905		531,912
				2,114,141
Real Estate Management & Development - 0.3%
Realogy Holdings Corp. (B)		100,030		521,156
Road & Rail - 1.5%
ArcBest Corp.		22,976		687,672
Covenant Transportation Group, Inc., Class A (A)		29,260		493,031
Landstar System, Inc.		5,280		587,506
Marten Transport, Ltd.		30,360		609,325
USA Truck, Inc. (A)		36,035		292,604
				2,670,138
Semiconductors & Semiconductor Equipment - 2.1%
Canadian Solar, Inc. (A) (B)		29,700		633,204
Cirrus Logic, Inc. (A)		13,745		674,192
Diodes, Inc. (A)		15,945		679,257
Kulicke & Soffa Industries, Inc.		27,905		631,490
Synaptics, Inc. (A)		18,425		592,917
Xperi Corp.		26,145		558,196
				3,769,256
Software - 1.6%
CommVault Systems, Inc. (A)		11,905		540,963
LogMeIn, Inc.		7,835		595,225
Nuance Communications, Inc. (A)		37,615		625,914
TiVo Corp.		78,490		594,954
Verint Systems, Inc. (A)		10,660		616,894
				2,973,950
Specialty Retail - 4.4%
Abercrombie & Fitch Co., Class A		17,170		325,028
American Eagle Outfitters, Inc.		21,790		385,465
Cato Corp., Class A		29,395		422,406
Chico’s FAS, Inc.		97,145		309,893
Citi Trends, Inc.		24,870		381,754
Designer Brands, Inc., Class A		19,410		356,756
Dick’s Sporting Goods, Inc.		10,210		379,506
Express, Inc. (A)		131,045		323,681
Foot Locker, Inc.		8,175		335,666
Genesco, Inc. (A)		8,165		321,538
Group 1 Automotive, Inc.		4,760		399,650
Haverty Furniture Cos., Inc.		22,205		402,133
Hibbett Sports, Inc. (A)		17,165		315,836
Lithia Motors, Inc., Class A		3,280		432,566
Office Depot, Inc.		181,385		370,025
Rent-A-Center, Inc. (A)		14,715		397,746
Sally Beauty Holdings, Inc. (A)		25,895		355,797
Signet Jewelers, Ltd.		18,805		341,123
Tailored Brands, Inc. (B)		65,085		316,964
Urban Outfitters, Inc. (A)		15,675		373,222
Vitamin Shoppe, Inc. (A) (B)		75,405		333,290
Zumiez, Inc. (A)		16,330		404,494
				7,984,539

	Shares		Value
COMMON STOCKS (continued)
Technology Hardware, Storage & Peripherals - 0.7%
NCR Corp. (A)		18,975		$   641,545
Stratasys, Ltd. (A)		19,750		550,827
				1,192,372
Textiles, Apparel & Luxury Goods - 1.3%
Deckers Outdoor Corp. (A)		3,340		521,975
Fossil Group, Inc. (A) (B)		53,315		588,598
Ralph Lauren Corp.		5,480		571,180
Vera Bradley, Inc. (A)		53,185		624,924
				2,306,677
Thrifts & Mortgage Finance - 1.6%
Flagstar Bancorp, Inc.		19,250		663,740
MGIC Investment Corp. (A)		44,445		571,118
Radian Group, Inc.		26,855		612,294
United Community Financial Corp.		33,850		344,593
Washington Federal, Inc.		17,015		622,409
				2,814,154
Trading Companies & Distributors - 1.3%
Beacon Roofing Supply, Inc. (A)		15,995		579,499
BMC Stock Holdings, Inc. (A)		27,240		576,126
Titan Machinery, Inc. (A)		27,800		576,572
WESCO International, Inc. (A)		11,715		594,419
				2,326,616
Wireless Telecommunication Services - 0.3%
Telephone & Data Systems, Inc.		18,695		604,596
Total Common Stocks (Cost $187,804,392)				177,011,055
OTHER INVESTMENT COMPANY - 4.9%
Securities Lending Collateral - 4.9%
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 2.32% (C)		8,865,012		8,865,012
Total Other Investment Company (Cost $8,865,012)				8,865,012
	Principal		Value
REPURCHASE AGREEMENT - 2.2%
Fixed Income Clearing Corp., 1.45% (C), dated 07/31/2019, to be repurchased at $3,926,865 on 08/01/2019. Collateralized by a U.S. Government Obligation, 2.50%, due 02/28/2021, and with a value of $4,006,026.		$  3,926,707		3,926,707
Total Repurchase Agreement (Cost $3,926,707)				3,926,707
Total Investments (Cost $200,596,111)				189,802,774
Net Other Assets (Liabilities) - (5.0)%				(9,045,982	)
Net Assets - 100.0%				$  180,756,792

The notes are an integral part of this report. Transamerica Funds Page    4

Transamerica Small Cap Core

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

SECURITY VALUATION:

Valuation Inputs ^(D)

	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Common Stocks	$	177,011,055	$	—	$	—	$	177,011,055
Other Investment Company		8,865,012		—		—		8,865,012
Repurchase Agreement		—		3,926,707		—		3,926,707
Total Investments	$	185,876,067	$	3,926,707	$	—	$	189,802,774

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	Non-income producing securities.
(B)	All or a portion of the securities are on loan. The total value of all securities on loan is $8,489,239. 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.
(C)	Rates disclosed reflect the yields at July 31, 2019.
(D)	There were no transfers in or out of Level 3 during the period ended July 31, 2019. Please reference the Security Valuation section of the Notes to Schedules of Investments for more information regarding security valuation and pricing inputs.

The notes are an integral part of this report. Transamerica Funds Page    5

Transamerica Small Cap Growth

SCHEDULE OF INVESTMENTS

At July 31, 2019

(unaudited)

	Shares		Value
COMMON STOCKS - 95.9%
Aerospace & Defense - 5.7%
Axon Enterprise, Inc. (A)		53,575		$  3,762,036
Kratos Defense & Security Solutions, Inc. (A)		88,370		2,178,321
Mercury Systems, Inc. (A)		28,235		2,301,717
				8,242,074
Banks - 3.0%
Banc of California, Inc.		110,828		1,732,242
CenterState Bank Corp.		105,670		2,569,894
				4,302,136
Biotechnology - 3.5%
Repligen Corp. (A)		54,095		5,106,027
Chemicals - 1.7%
Quaker Chemical Corp.		13,287		2,489,851
Diversified Consumer Services - 1.4%
Chegg, Inc. (A)		44,498		1,998,850
Diversified Telecommunication Services - 1.0%
Cogent Communications Holdings, Inc.		24,315		1,532,088
Energy Equipment & Services - 1.6%
Select Energy Services, Inc., Class A (A)		234,385		2,383,696
Food Products - 4.8%
Calavo Growers, Inc. (B)		27,855		2,463,496
J&J Snack Foods Corp.		24,626		4,576,496
				7,039,992
Health Care Equipment & Supplies - 10.8%
Heska Corp. (A)		17,475		1,400,446
Integer Holdings Corp. (A)		28,190		2,467,471
Lantheus Holdings, Inc. (A)		68,003		1,538,228
LeMaitre Vascular, Inc.		49,788		1,647,485
Mesa Laboratories, Inc.		15,439		3,885,688
Neogen Corp. (A)		40,218		2,871,565
Tactile Systems Technology, Inc. (A)		33,460		1,931,980
				15,742,863
Health Care Providers & Services - 1.3%
BioTelemetry, Inc. (A)		39,256		1,843,069
Health Care Technology - 3.9%
Medidata Solutions, Inc. (A)		23,165		2,116,586
Tabula Rasa HealthCare, Inc. (A) (B)		59,675		3,596,612
				5,713,198
Household Durables - 4.5%
Skyline Champion Corp. (A)		136,045		3,877,283
TopBuild Corp. (A)		32,215		2,613,603
				6,490,886
Insurance - 2.0%
Goosehead Insurance, Inc., Class A (B)		63,924		2,877,219
IT Services - 11.3%
Endava PLC, ADR (A)		35,138		1,300,106
Evo Payments, Inc., Class A (A)		133,858		4,165,661

	Shares		Value
COMMON STOCKS (continued)
IT Services (continued)
MAXIMUS, Inc.		57,958		$   4,260,493
WNS Holdings, Ltd., ADR (A)		105,417		6,643,379
				16,369,639
Life Sciences Tools & Services - 8.4%
Cambrex Corp. (A)		46,490		2,036,262
Medpace Holdings, Inc. (A)		35,331		2,782,670
NeoGenomics, Inc. (A)		101,495		2,473,433
PRA Health Sciences, Inc. (A)		49,685		4,964,028
				12,256,393
Personal Products - 3.2%
Inter Parfums, Inc.		67,538		4,679,033
Pharmaceuticals - 0.5%
Supernus Pharmaceuticals, Inc. (A)		19,979		666,699
Road & Rail - 2.8%
Marten Transport, Ltd.		75,380		1,512,877
Saia, Inc. (A)		32,887		2,509,278
				4,022,155
Semiconductors & Semiconductor Equipment - 2.8%
Cabot Microelectronics Corp.		14,345		1,745,069
Silicon Laboratories, Inc. (A)		20,451		2,294,807
				4,039,876
Software - 15.0%
Appfolio, Inc., Class A (A)		15,642		1,510,235
Box, Inc., Class A (A)		155,170		2,566,512
Mimecast, Ltd. (A)		88,935		4,233,306
Pegasystems, Inc.		89,275		6,749,190
Qualys, Inc. (A)		46,710		4,043,218
Workiva, Inc. (A)		45,519		2,616,887
				21,719,348
Textiles, Apparel & Luxury Goods - 2.8%
Oxford Industries, Inc.		26,261		1,922,043
Steven Madden, Ltd.		63,985		2,208,122
				4,130,165
Thrifts & Mortgage Finance - 1.3%
LendingTree, Inc. (A) (B)		5,827		1,879,441
Trading Companies & Distributors - 2.6%
SiteOne Landscape Supply, Inc. (A) (B)		51,006		3,767,813
Total Common Stocks (Cost $96,726,156)				139,292,511
OTHER INVESTMENT COMPANY - 6.6%
Securities Lending Collateral - 6.6%
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 2.32% (C)		9,512,236		9,512,236
Total Other Investment Company (Cost $9,512,236)				9,512,236

The notes are an integral part of this report. Transamerica Funds Page    1

Transamerica Small Cap Growth

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
REPURCHASE AGREEMENT - 2.6%
Fixed Income Clearing Corp., 1.45% (C), dated 07/31/2019, to be repurchased at $3,814,516 on 08/01/2019. Collateralized by a U.S. Government Obligation, 2.50%, due 02/28/2021, and with a value of $3,893,898.		$  3,814,362		$  3,814,362
Total Repurchase Agreement (Cost $3,814,362)				3,814,362
Total Investments (Cost $110,052,754)				152,619,109
Net Other Assets (Liabilities) - (5.1)%				(7,460,809	)
Net Assets - 100.0%				$  145,158,300

SECURITY VALUATION:

Valuation Inputs ^(D)

	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Common Stocks	$	139,292,511	$	—	$	—	$	139,292,511
Other Investment Company		9,512,236		—		—		9,512,236
Repurchase Agreement		—		3,814,362		—		3,814,362
Total Investments	$	148,804,747	$	3,814,362	$	—	$	152,619,109

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	Non-income producing securities.
(B)	All or a portion of the securities are on loan. The total value of all securities on loan is $9,318,542. 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.
(C)	Rates disclosed reflect the yields at July 31, 2019.
(D)	There were no transfers in or out of Level 3 during the period ended July 31, 2019. Please reference the Security Valuation section of the Notes to Schedules of Investments for more information regarding security valuation and pricing inputs.

PORTFOLIO ABBREVIATION:

ADR American Depositary Receipt

The notes are an integral part of this report. Transamerica Funds Page    2

Transamerica Small Cap Value

SCHEDULE OF INVESTMENTS

At July 31, 2019

(unaudited)

	Shares		Value
COMMON STOCKS - 98.7%
Auto Components - 3.4%
American Axle & Manufacturing Holdings, Inc. (A)		184,215		$  2,223,475
Stoneridge, Inc. (A)		101,991		3,321,847
Visteon Corp. (A)		49,551		3,264,420
				8,809,742
Automobiles - 1.4%
Winnebago Industries, Inc.		90,384		3,642,475
Banks - 16.7%
Amalgamated Bank, Class A		119,658		2,053,331
Berkshire Hills Bancorp, Inc.		84,729		2,779,111
Cadence BanCorp		170,311		2,919,131
Cathay General Bancorp		74,995		2,791,314
ConnectOne Bancorp, Inc.		112,780		2,578,151
Enterprise Financial Services Corp.		60,117		2,505,677
First Bancorp		71,455		2,639,548
First Interstate BancSystem, Inc., Class A		65,978		2,641,099
First Midwest Bancorp, Inc.		125,257		2,709,309
Independent Bank Group, Inc.		49,613		2,818,515
Pacific Premier Bancorp, Inc.		87,504		2,767,751
Simmons First National Corp., Class A		99,955		2,573,841
United Community Banks, Inc.		93,760		2,690,912
Valley National Bancorp		258,440		2,884,190
Veritex Holdings, Inc.		113,302		2,899,398
WesBanco, Inc.		81,803		2,992,354
				43,243,632
Capital Markets - 1.0%
Stifel Financial Corp.		41,387		2,475,356
Chemicals - 1.5%
Ferro Corp. (A)		167,574		2,468,365
Livent Corp. (A)		228,042		1,468,590
				3,936,955
Commercial Services & Supplies - 2.3%
BrightView Holdings, Inc. (A)		140,959		2,785,350
Charah Solutions, Inc. (A)		177,051		920,665
Interface, Inc.		157,365		2,181,079
				5,887,094
Communications Equipment - 2.6%
Casa Systems, Inc. (A)		295,105		1,944,742
Lumentum Holdings, Inc. (A)		43,874		2,484,584
Plantronics, Inc.		57,827		2,220,557
				6,649,883
Construction & Engineering - 2.9%
Concrete Pumping Holdings, Inc. (A) (B)		154,721		626,620
MasTec, Inc. (A)		84,790		4,351,423
Tutor Perini Corp. (A)		184,747		2,412,796
				7,390,839
Consumer Finance - 2.4%
Encore Capital Group, Inc. (A) (B)		92,223		3,318,183
PRA Group, Inc. (A)		94,337		2,936,711
				6,254,894

	Shares		Value
COMMON STOCKS (continued)
Containers & Packaging - 1.1%
Graphic Packaging Holding Co.		190,398		$   2,829,314
Electric Utilities - 0.5%
Spark Energy, Inc., Class A		120,721		1,320,688
Electrical Equipment - 0.8%
TPI Composites, Inc. (A)		77,829		1,990,088
Electronic Equipment, Instruments & Components - 4.4%
Knowles Corp. (A)		184,198		3,748,429
Sanmina Corp. (A)		95,680		3,037,840
ScanSource, Inc. (A)		74,406		2,526,084
TTM Technologies, Inc. (A)		210,294		2,199,675
				11,512,028
Energy Equipment & Services - 1.1%
Select Energy Services, Inc., Class A (A)		281,406		2,861,899
Entertainment - 3.5%
AMC Entertainment Holdings, Inc., Class A (B)		276,326		3,268,937
IMAX Corp. (A)		135,134		2,966,191
Lions Gate Entertainment Corp., Class B		228,999		2,791,498
				9,026,626
Equity Real Estate Investment Trusts - 11.3%
Alexander & Baldwin, Inc.		107,692		2,531,839
CatchMark Timber Trust, Inc., Class A		248,478		2,524,536
Corporate Office Properties Trust		87,172		2,433,842
Easterly Government Properties, Inc.		161,709		3,051,449
Front Yard Residential Corp.		237,186		2,848,604
Industrial Logistics Properties Trust		133,120		2,846,105
Jernigan Capital, Inc.		123,977		2,459,704
Lexington Realty Trust		285,209		2,815,013
Pebblebrook Hotel Trust		90,426		2,531,024
Physicians Realty Trust		121,188		2,085,645
QTS Realty Trust, Inc., Class A (B)		67,188		3,109,461
				29,237,222
Food Products - 1.3%
B&G Foods, Inc. (B)		70,325		1,285,541
Darling Ingredients, Inc. (A)		108,608		2,208,001
				3,493,542
Gas Utilities - 0.9%
South Jersey Industries, Inc.		70,946		2,415,711
Health Care Equipment & Supplies - 0.7%
Lantheus Holdings, Inc. (A)		80,378		1,818,150
Health Care Providers & Services - 1.7%
AMN Healthcare Services, Inc. (A)		64,534		3,444,825
Capital Senior Living Corp. (A)		191,564		1,022,952
				4,467,777
Hotels, Restaurants & Leisure - 1.0%
International Game Technology PLC (B)		193,213		2,579,394
Household Durables - 1.4%
Century Communities, Inc. (A)		133,953		3,693,084
Household Products - 0.8%
Central Garden & Pet Co., Class A (A)		75,281		2,073,992

The notes are an integral part of this report. Transamerica Funds Page    1

Transamerica Small Cap Value

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Insurance - 2.8%
Health Insurance Innovations, Inc., Class A (A) (B)		82,284		$   1,809,425
Horace Mann Educators Corp.		61,600		2,675,904
James River Group Holdings, Ltd.		60,665		2,901,607
				7,386,936
Leisure Products - 1.1%
Callaway Golf Co.		157,920		2,896,253
Life Sciences Tools & Services - 1.0%
Cambrex Corp. (A)		60,768		2,661,638
Machinery - 2.1%
Briggs & Stratton Corp.		262,671		2,503,255
Meritor, Inc. (A)		120,924		2,990,450
				5,493,705
Media - 2.5%
Gray Television, Inc. (A)		122,582		2,175,830
MSG Networks, Inc., Class A (A)		137,820		2,617,202
Tribune Publishing Co.		212,800		1,759,856
				6,552,888
Metals & Mining - 1.0%
Compass Minerals International, Inc.		46,080		2,573,568
Multi-Utilities - 1.9%
Avista Corp.		66,654		3,068,083
NorthWestern Corp.		26,289		1,838,127
				4,906,210
Oil, Gas & Consumable Fuels - 2.9%
Callon Petroleum Co. (A) (B)		379,572		1,867,494
Centennial Resource Development, Inc., Class A (A)		213,044		1,267,612
Ring Energy, Inc. (A)		416,483		1,020,384
Scorpio Tankers, Inc.		69,938		1,833,075
Whiting Petroleum Corp. (A) (B)		85,521		1,512,011
				7,500,576
Pharmaceuticals - 0.6%
Corcept Therapeutics, Inc. (A)		145,862		1,642,406
Real Estate Management & Development - 1.8%
Cushman & Wakefield PLC (A)		122,321		2,426,849
Newmark Group, Inc., Class A		235,870		2,325,678
				4,752,527
Road & Rail - 1.9%
Hertz Global Holdings, Inc. (A)		187,494		2,909,907
Ryder System, Inc.		38,918		2,072,773
				4,982,680
Semiconductors & Semiconductor Equipment - 3.2%
Cohu, Inc.		130,482		1,978,107
FormFactor, Inc. (A)		211,109		3,542,409
Kulicke & Soffa Industries, Inc.		121,738		2,754,931
				8,275,447

	Shares		Value
COMMON STOCKS (continued)
Software - 1.8%
Ebix, Inc. (B)		60,673		$   2,792,778
TiVo Corp.		230,957		1,750,654
				4,543,432
Specialty Retail - 3.9%
Asbury Automotive Group, Inc. (A)		34,202		3,149,320
Caleres, Inc.		139,080		2,611,922
MarineMax, Inc. (A)		118,381		1,827,803
Urban Outfitters, Inc. (A)		102,566		2,442,097
				10,031,142
Textiles, Apparel & Luxury Goods - 0.8%
Oxford Industries, Inc.		27,889		2,041,196
Thrifts & Mortgage Finance - 1.9%
Axos Financial, Inc. (A)		81,934		2,401,486
OceanFirst Financial Corp.		106,470		2,597,868
				4,999,354
Trading Companies & Distributors - 2.8%
GMS, Inc. (A)		116,480		2,621,965
Rush Enterprises, Inc., Class A		65,610		2,470,873
Triton International, Ltd.		67,505		2,233,065
				7,325,903
Total Common Stocks (Cost $257,783,147)				256,176,246
OTHER INVESTMENT COMPANY - 7.7%
Securities Lending Collateral - 7.7%
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 2.32% (C)		20,045,833		20,045,833
Total Other Investment Company (Cost $20,045,833)				20,045,833
	Principal		Value
REPURCHASE AGREEMENT - 1.6%
Fixed Income Clearing Corp., 1.45% (C), dated 07/31/2019, to be repurchased at $4,274,141 on 08/01/2019. Collateralized by a U.S. Government Obligation, 2.50%, due 02/28/2021, and with a value of $4,362,797.		$  4,273,969		4,273,969
Total Repurchase Agreement (Cost $4,273,969)				4,273,969
Total Investments (Cost $282,102,949)				280,496,048
Net Other Assets (Liabilities) - (8.0)%				(20,753,456	)
Net Assets - 100.0%				$  259,742,592

The notes are an integral part of this report. Transamerica Funds Page    2

Transamerica Small Cap Value

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

SECURITY VALUATION:

Valuation Inputs ^(D)

	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Common Stocks	$	256,176,246	$	—	$	—	$	256,176,246
Other Investment Company		20,045,833		—		—		20,045,833
Repurchase Agreement		—		4,273,969		—		4,273,969
Total Investments	$	276,222,079	$	4,273,969	$	—	$	280,496,048

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	Non-income producing securities.
(B)	All or a portion of the securities are on loan. The total value of all securities on loan is $19,472,831. 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.
(C)	Rates disclosed reflect the yields at July 31, 2019.
(D)	There were no transfers in or out of Level 3 during the period ended July 31, 2019. Please reference the Security Valuation section of the Notes to Schedules of Investments for more information regarding security valuation and pricing inputs.

The notes are an integral part of this report. Transamerica Funds Page    3

Transamerica Small/Mid Cap Value

SCHEDULE OF INVESTMENTS

At July 31, 2019

(unaudited)

	Shares		Value
COMMON STOCKS - 96.7%
Aerospace & Defense - 1.2%
Aerojet Rocketdyne Holdings, Inc. (A)		58,650		$  2,505,528
Cubic Corp.		42,050		2,783,710
Curtiss-Wright Corp.		17,500		2,220,925
Elbit Systems, Ltd.		16,850		2,689,260
				10,199,423
Airlines - 1.7%
Alaska Air Group, Inc.		142,900		9,054,144
JetBlue Airways Corp. (A)		257,500		4,951,725
				14,005,869
Auto Components - 0.8%
Dana, Inc.		85,000		1,420,350
Gentex Corp.		34,500		945,990
Stoneridge, Inc. (A)		66,650		2,170,790
Visteon Corp. (A)		35,450		2,335,446
				6,872,576
Banks - 6.5%
Atlantic Union Bankshares Corp.		59,000		2,243,770
Bank of Princeton		41,500		1,144,155
Berkshire Hills Bancorp, Inc.		105,281		3,453,217
CIT Group, Inc.		168,100		8,497,455
Evans Bancorp, Inc.		7,900		292,774
First Citizens BancShares, Inc., Class A		18,013		8,412,431
First Community Bankshares, Inc.		98,450		3,255,741
First Republic Bank		8,250		819,720
Hanmi Financial Corp.		85,500		1,837,395
Hope Bancorp, Inc.		119,282		1,759,410
Lakeland Bancorp, Inc.		213,500		3,497,130
Sandy Spring Bancorp, Inc.		107,500		3,917,300
Signature Bank		20,500		2,612,930
Sterling Bancorp		144,900		3,166,065
Umpqua Holdings Corp.		158,000		2,758,680
United Community Banks, Inc.		96,000		2,755,200
Washington Trust Bancorp, Inc.		35,971		1,806,823
Webster Financial Corp.		25,000		1,275,000
Western Alliance Bancorp (A)		8,600		425,184
				53,930,380
Beverages - 1.4%
Molson Coors Brewing Co., Class B		214,700		11,591,653
Biotechnology - 1.0%
United Therapeutics Corp. (A)		104,500		8,280,580
Building Products - 1.2%
American Woodmark Corp. (A)		17,300		1,467,905
Continental Building Products, Inc. (A)		169,500		4,166,310
Gibraltar Industries, Inc. (A)		17,200		712,768
Insteel Industries, Inc.		24,500		477,995
Masonite International Corp. (A)		20,750		1,105,975
PGT Innovations, Inc. (A)		116,300		1,874,756
				9,805,709
Capital Markets - 1.9%
E*TRADE Financial Corp.		158,300		7,723,457
Legg Mason, Inc.		71,300		2,685,158
Piper Jaffray Cos.		36,550		2,825,315

	Shares		Value
COMMON STOCKS (continued)
Capital Markets (continued)
Stifel Financial Corp.		46,500		$   2,781,165
Waddell & Reed Financial, Inc., Class A		7,200		126,000
				16,141,095
Chemicals - 2.0%
Chase Corp.		7,450		771,671
Corteva, Inc. (A)		129,400		3,817,300
Huntsman Corp.		64,400		1,323,420
Methanex Corp.		34,700		1,364,057
PPG Industries, Inc.		43,400		5,094,726
Trinseo SA		46,900		1,820,189
Westlake Chemical Corp.		39,000		2,635,230
				16,826,593
Commercial Services & Supplies - 1.2%
HNI Corp.		14,000		479,360
Knoll, Inc.		76,800		1,862,400
Stericycle, Inc. (A)		95,500		4,389,180
Tetra Tech, Inc.		39,250		3,108,600
				9,839,540
Communications Equipment - 0.6%
Harmonic, Inc. (A)		98,500		735,795
KVH Industries, Inc. (A)		294,000		2,969,400
NETGEAR, Inc. (A)		27,900		944,415
				4,649,610
Construction & Engineering - 1.1%
Comfort Systems, Inc.		68,800		2,889,600
EMCOR Group, Inc.		54,000		4,557,060
Granite Construction, Inc.		55,250		1,961,375
				9,408,035
Construction Materials - 0.3%
US Concrete, Inc. (A)		45,350		2,135,532
Consumer Finance - 0.5%
Ally Financial, Inc.		113,005		3,718,995
Distributors - 1.0%
LKQ Corp. (A)		321,500		8,657,995
Diversified Consumer Services - 0.3%
American Public Education, Inc. (A)		54,400		1,796,288
K12, Inc. (A)		27,150		810,428
				2,606,716
Diversified Financial Services - 0.9%
Jefferies Financial Group, Inc.		358,300		7,642,539
Diversified Telecommunication Services - 0.8%
GCI Liberty, Inc., Class A (A)		106,400		6,355,272
Electric Utilities - 3.5%
Alliant Energy Corp.		124,900		6,187,546
FirstEnergy Corp.		257,900		11,339,863
PPL Corp.		390,600		11,573,478
				29,100,887
Electrical Equipment - 0.7%
Acuity Brands, Inc.		12,650		1,697,883
LSI Industries, Inc.		123,000		487,080
Regal Beloit Corp.		40,100		3,192,762
				5,377,725

The notes are an integral part of this report. Transamerica Funds Page    1

Transamerica Small/Mid Cap Value

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Electronic Equipment, Instruments & Components - 0.8%
Coherent, Inc. (A)		10,050		$   1,395,443
Daktronics, Inc.		25,600		162,304
Methode Electronics, Inc.		91,450		2,738,927
Vishay Intertechnology, Inc.		124,000		2,108,000
				6,404,674
Energy Equipment & Services - 0.2%
Helmerich & Payne, Inc.		36,400		1,808,352
Entertainment - 1.2%
Lions Gate Entertainment Corp., Class B		119,419		1,455,718
Viacom, Inc., Class B		281,309		8,537,728
				9,993,446
Equity Real Estate Investment Trusts - 7.1%
Apple Hospitality, Inc.		178,700		2,807,377
Brandywine Realty Trust		166,700		2,458,825
Brixmor Property Group, Inc.		355,500		6,747,390
Chatham Lodging Trust		69,800		1,246,628
Colony Capital, Inc.		1,062,744		6,004,504
Community Healthcare Trust, Inc.		88,000		3,615,920
DiamondRock Hospitality Co.		307,000		3,091,490
Gaming and Leisure Properties, Inc.		138,500		5,222,835
JBG SMITH Properties		177,500		6,945,575
Lexington Realty Trust		321,900		3,177,153
Outfront Media, Inc.		71,000		1,929,780
Physicians Realty Trust		170,000		2,925,700
Piedmont Office Realty Trust, Inc., Class A		63,000		1,311,030
Sabra Health Care, Inc.		105,700		2,181,648
Summit Hotel Properties, Inc.		291,200		3,235,232
VEREIT, Inc.		707,800		6,455,136
				59,356,223
Food & Staples Retailing - 1.6%
Casey’s General Stores, Inc.		24,300		3,934,413
US Foods Holding Corp. (A)		254,000		8,983,980
Village Super Market, Inc., Class A		5,300		132,659
				13,051,052
Food Products - 3.2%
General Mills, Inc.		142,200		7,552,242
J.M. Smucker Co.		32,100		3,569,199
Kellogg Co.		65,500		3,813,410
Post Holdings, Inc. (A)		107,900		11,569,038
Sanderson Farms, Inc.		2,550		334,101
				26,837,990
Health Care Equipment & Supplies - 1.5%
AngioDynamics, Inc. (A)		47,000		957,860
Meridian Bioscience, Inc.		176,600		2,110,370
OraSure Technologies, Inc. (A)		206,600		1,725,110
Zimmer Biomet Holdings, Inc.		57,100		7,715,923
				12,509,263
Health Care Providers & Services - 5.0%
AmerisourceBergen Corp.		110,900		9,664,935
AMN Healthcare Services, Inc. (A)		42,300		2,257,974
Cardinal Health, Inc.		171,300		7,833,549
Cross Country Healthcare, Inc. (A)		255,000		2,419,950
DaVita, Inc. (A)		64,600		3,866,310

	Shares		Value
COMMON STOCKS (continued)
Health Care Providers & Services (continued)
Encompass Health Corp.		50,500		$   3,223,920
Laboratory Corp. of America Holdings (A)		71,812		12,029,946
				41,296,584
Health Care Technology - 0.1%
Omnicell, Inc. (A)		15,400		1,158,234
Hotels, Restaurants & Leisure - 2.0%
Aramark		248,500		8,993,215
Bloomin’ Brands, Inc.		66,500		1,132,495
Churchill Downs, Inc.		31,500		3,768,975
Stars Group, Inc. (A) (B)		157,700		2,452,235
				16,346,920
Household Durables - 0.9%
Ethan Allen Interiors, Inc.		50,800		1,045,464
Helen of Troy, Ltd. (A)		20,100		2,980,428
La-Z-Boy, Inc.		69,300		2,286,207
Turtle Beach Corp. (A) (B)		72,900		757,431
				7,069,530
Household Products - 0.2%
Spectrum Brands Holdings, Inc.		34,200		1,713,762
Insurance - 8.6%
Alleghany Corp. (A)		14,500		9,943,085
Allstate Corp.		94,148		10,111,495
Arch Capital Group, Ltd. (A)		227,300		8,794,237
Fidelity National Financial, Inc.		239,000		10,248,320
Loews Corp.		166,600		8,919,764
Markel Corp. (A)		6,600		7,351,938
Selective Insurance Group, Inc.		65,350		4,914,320
United Fire Group, Inc.		75,868		3,965,621
Willis Towers Watson PLC		38,500		7,515,970
				71,764,750
Interactive Media & Services - 0.2%
IAC/InterActiveCorp (A)		7,600		1,816,780
Internet & Direct Marketing Retail - 1.8%
Expedia Group, Inc.		58,826		7,808,584
Qurate Retail, Inc. (A)		523,500		7,402,290
				15,210,874
IT Services - 0.8%
KBR, Inc.		135,800		3,582,404
Leidos Holdings, Inc.		33,200		2,725,720
				6,308,124
Leisure Products - 0.2%
MasterCraft Boat Holdings, Inc. (A)		112,000		1,859,200
Machinery - 2.7%
Altra Industrial Motion Corp.		77,800		2,235,194
Columbus McKinnon Corp.		68,842		2,646,286
Douglas Dynamics, Inc.		55,850		2,295,435
Gencor Industries, Inc. (A)		133,000		1,697,080
Mueller Industries, Inc.		55,700		1,681,583
Oshkosh Corp.		23,750		1,984,788
Trinity Industries, Inc.		415,200		8,137,920
Watts Water Technologies, Inc., Class A		19,500		1,810,185
				22,488,471

The notes are an integral part of this report. Transamerica Funds Page    2

Transamerica Small/Mid Cap Value

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Media - 4.5%
Discovery, Inc., Class C (A)		199,760		$   5,641,222
DISH Network Corp., Class A (A)		234,000		7,923,240
Fox Corp., Class A		141,700		5,288,244
Liberty Media Corp. - Liberty SiriusXM, Class C (A)		155,673		6,516,472
MSG Networks, Inc., Class A (A)		183,500		3,484,665
News Corp., Class A		673,700		8,865,892
				37,719,735
Metals & Mining - 0.7%
Commercial Metals Co.		146,300		2,561,713
Kaiser Aluminum Corp.		23,600		2,271,972
Schnitzer Steel Industries, Inc., Class A		33,400		889,442
TimkenSteel Corp. (A)		33,900		236,961
				5,960,088
Mortgage Real Estate Investment Trusts - 1.8%
Annaly Capital Management, Inc.		1,585,842		15,144,791
Multi-Utilities - 2.3%
CenterPoint Energy, Inc.		496,900		14,415,069
NorthWestern Corp.		70,350		4,918,872
				19,333,941
Multiline Retail - 0.8%
Dollar Tree, Inc. (A)		63,800		6,491,650
Oil, Gas & Consumable Fuels - 3.8%
Antero Resources Corp. (A)		1,044,104		4,813,320
Callon Petroleum Co. (A) (B)		203,500		1,001,220
Delek Holdings, Inc.		56,246		2,423,078
Diamondback Energy, Inc.		22,680		2,345,792
EQT Corp.		414,500		6,263,095
Magnolia Oil & Gas Corp., Class A (A) (B)		176,500		1,973,270
REX American Resources Corp. (A)		30,000		2,238,000
Whiting Petroleum Corp. (A) (B)		81,200		1,435,616
Williams Cos., Inc.		358,900		8,843,296
				31,336,687
Paper & Forest Products - 0.5%
Domtar Corp.		56,800		2,411,160
Mercer International, Inc.		58,900		767,467
P.H. Glatfelter Co.		73,500		1,199,520
				4,378,147
Personal Products - 0.4%
Coty, Inc., Class A		333,100		3,634,121
Pharmaceuticals - 0.9%
Jazz Pharmaceuticals PLC (A)		14,725		2,052,370
Perrigo Co. PLC		102,200		5,519,822
				7,572,192
Professional Services - 1.8%
ASGN, Inc. (A)		48,000		3,026,400
FTI Consulting, Inc. (A)		18,650		1,947,992
Heidrick & Struggles International, Inc.		72,750		2,160,675
ICF International, Inc.		48,800		4,157,272
Nielsen Holdings PLC		158,000		3,659,280
				14,951,619
Real Estate Management & Development - 0.3%
Newmark Group, Inc., Class A		240,000		2,366,400

	Shares		Value
COMMON STOCKS (continued)
Road & Rail - 0.3%
AMERCO		6,625		$   2,563,875
Semiconductors & Semiconductor Equipment - 3.4%
Applied Materials, Inc.		49,800		2,458,626
AXT, Inc. (A)		215,000		918,050
Brooks Automation, Inc.		55,000		2,134,000
Cohu, Inc.		192,349		2,916,011
Entegris, Inc.		66,100		2,876,011
KLA Corp.		11,437		1,559,092
MagnaChip Semiconductor Corp. (A)		94,200		1,040,910
MaxLinear, Inc. (A)		11,700		257,166
MKS Instruments, Inc.		34,850		2,966,781
Qorvo, Inc. (A)		89,274		6,542,891
Silicon Motion Technology Corp., ADR		55,000		1,991,000
Universal Display Corp.		11,950		2,522,406
				28,182,944
Software - 1.5%
CDK Global, Inc.		199,800		10,363,626
LogMeIn, Inc.		24,100		1,830,877
				12,194,503
Specialty Retail - 2.8%
Abercrombie & Fitch Co., Class A		103,500		1,959,255
American Eagle Outfitters, Inc.		194,800		3,446,012
Caleres, Inc.		21,700		407,526
Foot Locker, Inc.		202,300		8,306,438
L Brands, Inc.		148,100		3,843,195
Urban Outfitters, Inc. (A)		102,400		2,438,144
Williams-Sonoma, Inc. (B)		37,400		2,493,832
				22,894,402
Technology Hardware, Storage & Peripherals - 0.6%
NCR Corp. (A)		149,500		5,054,595
Textiles, Apparel & Luxury Goods - 1.0%
Capri Holdings, Ltd. (A)		90,500		3,220,895
Deckers Outdoor Corp. (A)		14,000		2,187,920
Steven Madden, Ltd.		79,500		2,743,545
				8,152,360
Thrifts & Mortgage Finance - 1.7%
Dime Community Bancshares, Inc.		116,300		2,346,934
Oritani Financial Corp.		23,800		430,780
Provident Financial Services, Inc.		91,600		2,214,888
TrustCo Bank Corp.		178,400		1,445,040
United Financial Bancorp, Inc.		214,958		3,082,498
Washington Federal, Inc.		131,000		4,791,980
				14,312,120
Trading Companies & Distributors - 0.9%
AerCap Holdings NV (A)		140,000		7,634,200
Total Common Stocks (Cost $682,619,285)				804,019,323

The notes are an integral part of this report. Transamerica Funds Page    3

Transamerica Small/Mid Cap Value

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Shares		Value
OTHER INVESTMENT COMPANY - 0.9%
Securities Lending Collateral - 0.9%
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 2.32% (C)		7,342,859		$   7,342,859
Total Other Investment Company (Cost $7,342,859)				7,342,859
	Principal		Value
REPURCHASE AGREEMENT - 3.7%
Fixed Income Clearing Corp., 1.45% (C), dated 07/31/2019, to be repurchased at $30,900,292 on 08/01/2019. Collateralized by U.S. Government Obligations, 1.13% - 2.50%, due 02/28/2021, and with a total value of $31,522,222.		$  30,899,047		30,899,047
Total Repurchase Agreement (Cost $30,899,047)				30,899,047
Total Investments (Cost $720,861,191)				842,261,229
Net Other Assets (Liabilities) - (1.3)%				(11,161,465	)
Net Assets - 100.0%				$  831,099,764

SECURITY VALUATION:

Valuation Inputs ^(D)

	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Common Stocks	$	804,019,323	$	—	$	—	$	804,019,323
Other Investment Company		7,342,859		—		—		7,342,859
Repurchase Agreement		—		30,899,047		—		30,899,047
Total Investments	$	811,362,182	$	30,899,047	$	—	$	842,261,229

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	Non-income producing securities.
(B)	All or a portion of the securities are on loan. The total value of all securities on loan is $7,106,032. 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.
(C)	Rates disclosed reflect the yields at July 31, 2019.
(D)	There were no transfers in or out of Level 3 during the period ended July 31, 2019. Please reference the Security Valuation section of the Notes to Schedules of Investments for more information regarding security valuation and pricing inputs.

PORTFOLIO ABBREVIATION:

ADR American Depositary Receipt

The notes are an integral part of this report. Transamerica Funds Page    4

Transamerica Total Return

SCHEDULE OF INVESTMENTS

At July 31, 2019

(unaudited)

	Principal		Value
ASSET-BACKED SECURITIES - 13.1%
ABFC Trust
Series 2004-OPT4, Class A1,
1-Month LIBOR + 0.62%, 2.89% (A), 04/25/2034		$  144,786		$  144,995
Series 2004-OPT5, Class A1,
1-Month LIBOR + 0.70%, 2.97% (A), 06/25/2034		170,594		169,784
Ally Auto Receivables Trust
Series 2018-3, Class A2,
2.72%, 05/17/2021		1,029,914		1,030,524
AmeriCredit Automobile Receivables Trust
Series 2018-1, Class A2B,
1-Month LIBOR + 0.23%, 2.53% (A), 07/19/2021		404,833		404,791
Aurium CLO
Series 2A, Class AR,
3-Month EURIBOR + 0.68%, 0.68% (A), 10/13/2029 (B) (C)		EUR  1,900,000		2,103,183
B&M CLO, Ltd.
Series 2014-1A, Class A1R,
3-Month LIBOR + 0.73%, 3.05% (A), 04/16/2026 (B)		$  664,514		663,131
Barings Euro CLO
Series 2016-1A, Class A1R,
3-Month EURIBOR + 0.68%, 0.68% (A), 07/27/2030 (B) (C)		EUR  1,900,000		2,099,553
Bear Stearns Asset-Backed Securities I Trust
Series 2005-AQ1, Class M2,
1-Month LIBOR + 0.65%, 2.92% (A), 03/25/2035		$  1,024,105		1,029,531
Series 2006-HE1, Class 1M2,
1-Month LIBOR + 0.43%, 2.70% (A), 12/25/2035		4,388,182		4,394,489
Series 2006-HE1, Class 2M2,
1-Month LIBOR + 0.43%, 3.05% (A), 02/25/2036		1,092,685		1,091,447
Series 2006-HE10, Class 21A3,
1-Month LIBOR + 0.24%, 2.51% (A), 12/25/2036		2,759,199		2,417,037
Series 2007-AQ1, Class A1,
1-Month LIBOR + 0.11%, 2.38% (A), 04/25/2031		134,516		195,703
Bear Stearns Asset-Backed Securities Trust
Series 2002-2, Class A1,
1-Month LIBOR + 0.66%, 2.93% (A), 10/25/2032		3,188		3,200
C-BASS Trust
Series 2007-CB1, Class AF1A,
1-Month LIBOR + 0.07%, 2.34% (A), 01/25/2037		326,735		139,389
Capital One Multi-Asset Execution Trust
Series 2014-A4, Class A4,
1-Month LIBOR + 0.36%, 2.69% (A), 06/15/2022		1,600,000		1,600,240

	Principal		Value
ASSET-BACKED SECURITIES (continued)
Chase Issuance Trust
Series 2017-A1, Class A,
1-Month LIBOR + 0.30%, 2.63% (A), 01/15/2022		$   1,300,000		$   1,301,204
CIFC Funding, Ltd.
Series 2015-5A, Class A1R,
3-Month LIBOR + 0.86%, 3.14% (A), 10/25/2027 (B)		1,900,000		1,891,070
Citigroup Mortgage Loan Trust Asset-Backed Pass-Through Certificate
Series 2004-OPT1, Class M3,
1-Month LIBOR + 0.95%, 3.21% (A), 10/25/2034		1,600,000		1,600,974
Citigroup Mortgage Loan Trust, Inc.
Series 2007-FS1, Class 1A1,
4.60% (A), 10/25/2037 (B)		785,462		808,065
Countrywide Asset-Backed Certificates
Series 2006-15, Class A6,
4.64% (A), 10/25/2046		691,381		671,209
Series 2006-2, Class M1,
1-Month LIBOR + 0.40%, 2.67% (A), 06/25/2036		400,000		396,023
Series 2006-26, Class 2A3,
1-Month LIBOR + 0.17%, 2.44% (A), 06/25/2037		585,705		584,734
Credit Acceptance Auto Loan Trust
Series 2018-2A, Class A,
3.47%, 05/17/2027 (B)		2,000,000		2,025,040
CVP Cascade CLO, Ltd.
Series 2013-CLO1, Class A1R,
3-Month LIBOR + 1.15%, 3.47% (A), 01/16/2026 (B)		781,945		782,098
CWABS, Inc. Asset-Backed Certificates Trust
Series 2005-17, Class MV1,
1-Month LIBOR + 0.46%, 2.73% (A), 05/25/2036		1,500,000		1,480,382
Series 2006-14, Class 1A,
1-Month LIBOR + 0.14%, 2.41% (A), 02/25/2037		869,488		819,580
Denali Capital CLO LLC
Series 2013-1, Class A1LR,
3-Month LIBOR + 1.05%, 3.32% (A), 10/26/2027 (B)		1,200,000		1,198,348
Dorchester Park CLO DAC
Series 2015-1A, Class AR,
3-Month LIBOR + 0.90%, 3.18% (A), 04/20/2028 (B)		1,800,000		1,793,567
Dryden XXV Senior Loan Fund
Series 2012-25A, Class ARR,
3-Month LIBOR + 0.90%, 3.20% (A), 10/15/2027 (B)		1,600,000		1,597,762
Figueroa CLO, Ltd.
Series 2013-2A, Class A1RR,
3-Month LIBOR + 0.85%, 3.24% (A), 06/20/2027 (B)		1,800,000		1,794,195

The notes are an integral part of this report. Transamerica Funds Page    1

Transamerica Total Return

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
ASSET-BACKED SECURITIES (continued)
First Franklin Mortgage Loan Trust
Series 2004-FFH3, Class M2,
1-Month LIBOR + 0.93%, 3.20% (A), 10/25/2034		$   1,383,804		$   1,372,430
Flagship CLO, Ltd.
Series 2014-8A, Class ARR,
3-Month LIBOR + 0.85%, 3.17% (A), 01/16/2026 (B)		1,440,366		1,434,334
Ford Credit Auto Owner Trust
Series 2014-2, Class A,
2.31%, 04/15/2026 (B)		1,100,000		1,099,695
Home Equity Asset Trust
Series 2002-1, Class A4,
1-Month LIBOR + 0.60%, 2.87% (A), 11/25/2032		1,026		1,004
Home Equity Mortgage Loan Asset-Backed Trust
Series 2007-A, Class 1A,
1-Month LIBOR + 0.22%, 2.49% (A), 04/25/2037		448,076		354,345
ICG CLO, Ltd.
Series 2015-2A, Class AR,
3-Month LIBOR + 0.85%, 3.17% (A), 01/16/2028 (B)		1,900,000		1,892,164
JMP Credit Advisors CLO, Ltd.
Series 2014-1RA, Class A,
3-Month LIBOR + 0.85%, 3.15% (A), 01/17/2028 (B)		2,000,000		1,986,504
JPMorgan Mortgage Acquisition Trust
Series 2007-CH3, Class A5,
1-Month LIBOR + 0.26%, 2.53% (A), 03/25/2037		3,500,000		3,465,038
KVK CLO, Ltd.
Series 2013-1A, Class AR,
3-Month LIBOR + 0.90%, 3.70% (A), 01/14/2028		1,500,000		1,493,148
LoanCore Issuer, Ltd.
Series 2018-CRE1, Class A,
1-Month LIBOR + 1.13%, 3.46% (A), 05/15/2028 (B)		1,600,000		1,603,004
LP Credit Card ABS Master Trust
Series 2018-1, Class A,
1-Month LIBOR + 1.55%, 3.82% (A), 08/20/2024 (B)		1,654,793		1,639,139
Merrill Lynch Mortgage Investors Trust
Series 2006-FM1, Class A2C,
1-Month LIBOR + 0.16%, 2.43% (A), 04/25/2037		1,714,937		1,020,754
Morgan Stanley Mortgage Loan Trust
Series 2007-10XS, Class A1,
6.00% (A), 02/25/2037		133,540		104,807
Series 2007-8XS, Class A1,
5.75% (A), 04/25/2037		191,338		129,315

	Principal		Value
ASSET-BACKED SECURITIES (continued)
Mountain Hawk III CLO, Ltd.
Series 2014-3A, Class AR,
3-Month LIBOR + 1.20%, 3.50% (A), 04/18/2025 (B)		$   599,842		$   600,032
Mountain View CLO, Ltd.
Series 2014-1A, Class ARR,
3-Month LIBOR + 0.80%, 3.10% (A), 10/15/2026 (B)		1,966,469		1,958,719
Navient Private Education Loan Trust
Series 2018-CA, Class A1,
3.01%, 06/16/2042 (B)		1,100,073		1,105,644
Nelnet Student Loan Trust
Series 2010-1A, Class A,
3-Month LIBOR + 0.80%, 3.32% (A), 11/25/2048 (B)		441,840		444,309
New Century Home Equity Loan Trust
Series 2006-1, Class A2B,
1-Month LIBOR + 0.18%, 2.45% (A), 05/25/2036		63,031		59,373
Octagon Investment Partners XIX, Ltd.
Series 2014-1A, Class AR,
3-Month LIBOR + 1.10%, 3.40% (A), 04/15/2026 (B)		524,089		524,261
Octagon Investment Partners XXIII, Ltd.
Series 2015-1A, Class A1R,
3-Month LIBOR + 0.85%, 3.15% (A), 07/15/2027 (B)		1,000,000		997,115
Option One Mortgage Loan Trust
Series 2007-4, Class 2A4,
1-Month LIBOR + 0.31%, 2.58% (A), 04/25/2037		4,217,400		3,028,233
Park Place Securities, Inc. Asset-Backed Pass-Through Certificates
Series 2005-WCW2, Class M2,
1-Month LIBOR + 0.80%, 3.06% (A), 07/25/2035		500,000		502,183
Popular ABS Mortgage Pass-Through Trust
Series 2006-A, Class M1,
1-Month LIBOR + 0.39%, 2.66% (A), 02/25/2036		448,754		446,874
Securitized Asset-Backed Receivables LLC Trust
Series 2007-HE1, Class A2A,
1-Month LIBOR + 0.06%, 2.55% (A), 12/25/2036		62,459		20,582
SLM Student Loan Trust
Series 2005-4, Class A3,
3-Month LIBOR + 0.12%, 2.40% (A), 01/25/2027		925,520		919,989
Sofi Consumer Loan Program LLC
Series 2016-3, Class A,
3.05%, 12/26/2025 (B)		321,773		322,660
Sofi Professional Loan Program LLC
Series 2017-B, Class A1FX,
1.83%, 05/25/2040 (B)		74,915		74,846

The notes are an integral part of this report. Transamerica Funds Page    2

Transamerica Total Return

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
ASSET-BACKED SECURITIES (continued)
Sofi Professional Loan Program Trust
Series 2018-B, Class A1FX,
2.64%, 08/25/2047 (B)		$   688,822		$   689,618
Sound Point CLO, Ltd.
Series 2015-3A, Class AR,
3-Month LIBOR + 0.89%, 3.17% (A), 01/20/2028 (B)		1,800,000		1,796,891
Specialty Underwriting & Residential Finance Trust
Series 2004-BC2, Class M1,
1-Month LIBOR + 0.83%, 3.09% (A), 05/25/2035		2,131,653		2,136,175
Structured Asset Securities Corp. Mortgage Loan Trust
Series 2006-BC1, Class A6,
1-Month LIBOR + 0.27%, 2.54% (A), 03/25/2036		936,671		853,211
Sudbury Mill CLO, Ltd.
Series 2013-1A, Class A1R,
3-Month LIBOR + 1.15%, 3.45% (A), 01/17/2026 (B)		724,434		726,855
Series 2013-1A, Class A2R,
3-Month LIBOR + 1.17%, 3.47% (A), 01/17/2026 (B)		724,434		721,097
Telos CLO, Ltd.
Series 2014-5A, Class A1R,
3-Month LIBOR + 0.95%, 3.25% (A), 04/17/2028 (B)		1,900,000		1,893,538
Tralee CLO, Ltd.
Series 2018-5A, Class A1,
3-Month LIBOR + 1.11%, 3.39% (A), 10/20/2028 (B)		2,300,000		2,296,769
Trillium Credit Card Trust II
Series 2018-1A, Class A,
1-Month LIBOR + 0.25%, 2.73% (A), 02/27/2023		2,600,000		2,601,190
U.S. Small Business Administration
Series 2003-20I, Class 1,
5.13%, 09/01/2023		4,114		4,280
Series 2004-20C, Class 1,
4.34%, 03/01/2024		34,847		35,923
Venture XII CLO, Ltd.
Series 2012-12A, Class ARR,
3-Month LIBOR + 0.80%, 3.32% (A), 02/28/2026 (B)		1,825,745		1,819,519
Wells Fargo Home Equity Asset-Backed Securities Trust
Series 2005-4, Class M2,
1-Month LIBOR + 0.48%, 2.75% (A), 12/25/2035		6,500,000		6,526,814

	Principal		Value
ASSET-BACKED SECURITIES (continued)
Westlake Automobile Receivables Trust
Series 2018-3A, Class A2A,
2.98%, 01/18/2022 (B)		$   1,786,011		$   1,789,783
WhiteHorse X, Ltd.
Series 2015-10A, Class A1R,
3-Month LIBOR + 0.93%, 3.23% (A), 04/17/2027 (B)		1,466,186		1,462,986
Total Asset-Backed Securities (Cost $83,587,899)				90,186,398
CERTIFICATES OF DEPOSIT - 0.8%
Banks - 0.8%
Barclays Bank PLC
3-Month LIBOR + 0.40%, 2.68% (A), 10/25/2019		3,800,000		3,800,000
Lloyds Bank Corporate Markets PLC
3-Month LIBOR + 0.50%, 2.81% (A), 10/26/2020		1,900,000		1,900,000
Total Certificates of Deposit (Cost $5,700,000)				5,700,000
CORPORATE DEBT SECURITIES - 54.4%
Aerospace & Defense - 0.5%
Textron, Inc.
3-Month LIBOR + 0.55%, 3.10% (A), 11/10/2020		1,500,000		1,500,026
United Technologies Corp.
3.65%, 08/16/2023		1,900,000		1,990,291
				3,490,317
Airlines - 0.5%
Delta Air Lines, Inc.
2.60%, 12/04/2020		2,200,000		2,197,313
Latam Airlines Pass-Through Trust
4.20%, 08/15/2029		1,217,568		1,230,231
				3,427,544
Banks - 15.2%
AIB Group PLC
4.75%, 10/12/2023 (B)		1,900,000		1,997,434
Australia & New Zealand Banking Group, Ltd.
3-Month LIBOR + 0.46%, 2.99% (A), 05/17/2021 (B)		1,500,000		1,504,820
3.30%, 05/17/2021		1,600,000		1,630,328
Bank of America Corp.
Fixed until 12/20/2022, 3.00% (A), 12/20/2023		4,319,000		4,378,927
3-Month LIBOR + 0.79%, 3.27% (A), 03/05/2024, MTN		1,000,000		1,000,541
Fixed until 05/17/2021, 3.50% (A), 05/17/2022, MTN		2,000,000		2,034,728
Fixed until 07/23/2023, 3.86% (A), 07/23/2024, MTN		1,900,000		1,992,020
Banque Federative du Credit Mutuel SA
3-Month LIBOR + 0.96%, 3.24% (A), 07/20/2023 (B)		2,200,000		2,219,026

The notes are an integral part of this report. Transamerica Funds Page    3

Transamerica Total Return

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Banks (continued)
Barclays Bank PLC
7.63%, 11/21/2022		$   3,900,000		$   4,285,262
10.18%, 06/12/2021 (B)		1,840,000		2,072,414
Barclays PLC
Fixed until 10/06/2022, 2.38% (A), 10/06/2023, MTN (D)		GBP  600,000		735,050
3.68%, 01/10/2023		$  1,100,000		1,111,733
Fixed until 09/15/2019 (E), 6.50% (A)		EUR  800,000		887,336
BBVA
3-Month LIBOR + 0.73%, 3.18% (A), 06/11/2021		$  1,800,000		1,802,330
3.50%, 06/11/2021		1,800,000		1,830,041
CitiBank NA
3.40%, 07/23/2021		1,900,000		1,936,780
Citigroup, Inc.
2.75%, 04/25/2022		1,700,000		1,713,448
3-Month LIBOR + 1.38%, 3.71% (A), 03/30/2021		300,000		304,863
3-Month LIBOR + 1.43%, 3.95% (A), 09/01/2023		500,000		510,015
Cooperatieve Rabobank UA
6.88%, 03/19/2020 (D)		EUR  3,300,000		3,803,792
Discover Bank
4.20%, 08/08/2023		$  1,800,000		1,907,513
HSBC Holdings PLC
3-Month LIBOR + 0.60%, 3.12% (A), 05/18/2021		1,600,000		1,601,990
Fixed until 07/04/2029 (E), 4.75% (A), MTN (D)		EUR  1,400,000		1,633,062
ING Bank NV
2.63%, 12/05/2022 (B)		$  800,000		813,202
ING Groep NV
4.10%, 10/02/2023		2,100,000		2,220,047
JPMorgan Chase & Co.
2.40%, 06/07/2021		1,500,000		1,501,589
3-Month LIBOR + 0.61%, 3.01% (A), 06/18/2022		2,200,000		2,205,601
3-Month LIBOR + 0.90%, 3.18% (A), 04/25/2023		1,700,000		1,713,945
Fixed until 06/18/2021, 3.51% (A), 06/18/2022		2,200,000		2,241,784
Fixed until 07/23/2023, 3.80% (A), 07/23/2024		1,800,000		1,884,271
KeyBank NA
3.35%, 06/15/2021		2,200,000		2,239,899
Lloyds Bank PLC
3.30%, 05/07/2021		1,400,000		1,420,113
Lloyds Banking Group PLC
4.00%, 03/07/2025, MTN		AUD  2,000,000		1,460,895
Fixed until 06/27/2023 (E), 7.63% (A) (D)		GBP  700,000		930,012
Mitsubishi UFJ Financial Group, Inc.
3.46%, 03/02/2023		$  1,600,000		1,647,768
3-Month LIBOR + 1.88%, 4.40% (A), 03/01/2021		658,000		673,655
Mizuho Financial Group, Inc.
Fixed until 09/11/2023, 3.92% (A), 09/11/2024		2,100,000		2,199,810
National Australia Bank, Ltd.
3.63%, 06/20/2023 (F)		1,900,000		1,985,405
Natwest Markets PLC
0.63%, 03/02/2022, MTN (D)		EUR  1,700,000		1,900,061
Royal Bank of Scotland Group PLC
3.88%, 09/12/2023		$  1,900,000		1,934,768
Fixed until 08/10/2020(E), 7.50% (A)		1,800,000		1,829,250
Santander PLC
2.13%, 11/03/2020		1,500,000		1,491,372
3.75%, 11/15/2021		2,200,000		2,256,366

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Banks (continued)
Skandinaviska Enskilda Banken AB
3-Month LIBOR + 0.43%, 2.96% (A), 05/17/2021 (B)		$   1,600,000		$   1,605,056
3.25%, 05/17/2021 (B)		1,600,000		1,621,168
Societe Generale SA
4.25%, 09/14/2023 (B)		1,800,000		1,889,446
Standard Chartered PLC
Fixed until 01/20/2022, 4.25% (A), 01/20/2023 (B)		1,900,000		1,957,085
Sumitomo Mitsui Banking Corp.
3-Month LIBOR + 0.37%, 2.69% (A), 10/16/2020		2,300,000		2,304,125
Svenska Handelsbanken AB
3.35%, 05/24/2021, MTN		1,700,000		1,731,197
Synchrony Bank
3.65%, 05/24/2021		1,700,000		1,725,910
UniCredit SpA
7.83%, 12/04/2023 (B)		4,100,000		4,736,607
Wells Fargo & Co.
2.63%, 07/22/2022, MTN		2,300,000		2,313,108
3.00%, 02/19/2025, MTN		1,900,000		1,934,901
3-Month LIBOR + 3.77%, 6.18% (A), 09/15/2019 (E)		3,400,000		3,421,250
Wells Fargo Bank NA
Fixed until 07/23/2020, 3.33% (A), 07/23/2021		1,800,000		1,815,094
				104,498,213
Beverages - 0.8%
Bacardi, Ltd.
4.45%, 05/15/2025 (B)		1,200,000		1,268,166
Keurig Dr. Pepper, Inc.
4.06%, 05/25/2023		1,700,000		1,785,090
Pernod Ricard SA
4.25%, 07/15/2022 (B)		700,000		733,320
Suntory Holdings, Ltd.
2.55%, 06/28/2022 (B)		1,600,000		1,595,209
				5,381,785
Biotechnology - 0.8%
AbbVie, Inc.
2.50%, 05/14/2020		1,253,000		1,252,869
2.90%, 11/06/2022		2,547,000		2,569,580
Celgene Corp.
2.88%, 08/15/2020		1,500,000		1,505,852
				5,328,301
Capital Markets - 5.2%
Credit Suisse Group AG
3-Month LIBOR + 1.24%, 3.68% (A), 06/12/2024 (B)		1,800,000		1,810,716
Credit Suisse Group Funding Guernsey, Ltd.
2.75%, 03/26/2020		1,200,000		1,201,990
3.13%, 12/10/2020		1,400,000		1,409,729
3.75%, 03/26/2025		1,600,000		1,665,878
3.80%, 09/15/2022 - 06/09/2023		2,700,000		2,795,468
Deutsche Bank AG
3-Month EURIBOR + 0.50%, 0.18% (A), 12/07/2020, MTN (D)		EUR  1,400,000		1,535,078
2.70%, 07/13/2020		$  1,500,000		1,492,351
3.95%, 02/27/2023		1,900,000		1,916,319
4.25%, 02/04/2021 - 10/14/2021		4,600,000		4,650,058

The notes are an integral part of this report. Transamerica Funds Page    4

Transamerica Total Return

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Capital Markets (continued)
Goldman Sachs Group, Inc.
3.20%, 02/23/2023		$   1,600,000		$   1,631,230
3-Month LIBOR + 1.20%, 3.61% (A), 09/15/2020		1,600,000		1,614,709
3-Month LIBOR + 1.17%, 3.69% (A), 05/15/2026		1,600,000		1,603,710
Morgan Stanley
3-Month LIBOR + 0.55%, 3.10% (A), 02/10/2021, MTN		1,800,000		1,801,789
3-Month LIBOR + 1.18%, 3.46% (A), 01/20/2022		1,600,000		1,616,401
Fixed until 04/24/2023, 3.74% (A), 04/24/2024		1,900,000		1,973,944
UBS AG
7.63%, 08/17/2022		600,000		671,958
UBS Group Funding Switzerland AG
3.00%, 04/15/2021 (B)		3,800,000		3,830,870
4.13%, 09/24/2025 (B)		2,200,000		2,345,345
				35,567,543
Chemicals - 0.6%
Syngenta Finance NV
3.70%, 04/24/2020 (B)		1,700,000		1,710,756
3.93%, 04/23/2021 (B)		1,200,000		1,219,005
5.18%, 04/24/2028 (B)		1,300,000		1,364,327
				4,294,088
Construction & Engineering - 0.1%
Odebrecht Offshore Drilling Finance, Ltd.
6.72%, 12/01/2022 (B)		447,218		438,278
PIK Rate 1.00%, Cash Rate 6.72%, 12/01/2026 (B) (G)		1,830,998		530,990
Odebrecht Oil & Gas Finance, Ltd.
Zero Coupon, 09/02/2019 (B) (E)		266,175		3,327
				972,595
Consumer Finance - 4.7%
American Express Co.
3.38%, 05/17/2021		1,600,000		1,628,210
3.40%, 02/27/2023		1,900,000		1,961,924
Capital One Financial Corp.
4.25%, 04/30/2025		1,500,000		1,606,072
Daimler Finance North America LLC
3.35%, 05/04/2021 (B)		1,600,000		1,620,604
3.40%, 02/22/2022 (B)		2,200,000		2,241,570
Ford Motor Credit Co. LLC
3-Month LIBOR + 0.93%, 3.27% (A), 09/24/2020, MTN		2,600,000		2,605,628
3-Month LIBOR + 1.24%, 3.75% (A), 02/15/2023		1,200,000		1,177,905
General Motors Financial Co., Inc.
2.45%, 11/06/2020		1,900,000		1,893,064
3-Month LIBOR + 0.54%, 3.11% (A), 11/06/2020		1,300,000		1,296,153
3.20%, 07/13/2020		1,500,000		1,506,115
3-Month LIBOR + 0.93%, 3.23% (A), 04/13/2020		1,700,000		1,704,451
3.55%, 04/09/2021		1,600,000		1,622,375
Harley-Davidson Financial Services, Inc.
3.55%, 05/21/2021 (B)		1,700,000		1,721,716
Navient Corp.
5.00%, 10/26/2020		900,000		918,563

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Consumer Finance (continued)
Nissan Motor Acceptance Corp.
3-Month LIBOR + 0.65%, 2.95% (A), 07/13/2022 (B)		$   500,000		$   498,948
3-Month LIBOR + 0.69%, 3.02% (A), 09/28/2022 (B)		300,000		299,204
Springleaf Finance Corp.
7.75%, 10/01/2021		200,000		218,520
8.25%, 12/15/2020		1,200,000		1,279,872
Volkswagen Group of America Finance LLC
2.45%, 11/20/2019 (B)		700,000		699,605
3-Month LIBOR + 0.77%, 3.31% (A), 11/13/2020 (B)		1,900,000		1,909,570
4.63%, 11/13/2025 (B)		1,900,000		2,086,966
4.75%, 11/13/2028 (B)		1,900,000		2,071,466
				32,568,501
Diversified Financial Services - 3.4%
AerCap Ireland Capital DAC / AerCap Global Aviation Trust
4.13%, 07/03/2023		1,800,000		1,878,417
5.00%, 10/01/2021		1,800,000		1,883,391
Aviation Capital Group LLC
2.88%, 01/20/2022 (B)		7,200,000		7,245,077
4.13%, 08/01/2025 (B)		1,400,000		1,461,667
GE Capital Funding Unlimited Co.
5.88%, 11/04/2020, MTN		GBP  1,000,000		1,284,560
SMBC Aviation Capital Finance DAC
3.00%, 07/15/2022 (B)		$  1,600,000		1,606,791
4.13%, 07/15/2023 (B)		1,800,000		1,880,234
Tayarra, Ltd.
3.63%, 02/15/2022		2,287,421		2,324,517
Washington Prime Group, LP
5.95%, 08/15/2024 (F)		3,800,000		3,553,000
				23,117,654
Diversified Telecommunication Services - 1.9%
AT&T, Inc.
3-Month LIBOR + 0.95%, 3.25% (A), 07/15/2021		1,500,000		1,513,973
3-Month LIBOR + 1.18%, 3.62% (A), 06/12/2024		1,800,000		1,833,246
Deutsche Telekom International Finance BV
1.95%, 09/19/2021 (B)		1,600,000		1,582,214
Telstra Corp., Ltd.
4.80%, 10/12/2021 (B)		1,800,000		1,886,144
United Group BV
4.38%, 07/01/2022 (B)		EUR  1,300,000		1,471,480
Verizon Communications, Inc.
3.38%, 02/15/2025		$  4,590,000		4,786,850
				13,073,907
Electric Utilities - 2.8%
Duke Energy Corp.
3-Month LIBOR + 0.50%, 3.03% (A), 05/14/2021 (B)		1,700,000		1,704,756
3.55%, 09/15/2021		1,100,000		1,124,626
Electricite de France SA
4.60%, 01/27/2020 (B)		1,500,000		1,515,931
FirstEnergy Corp.
2.85%, 07/15/2022		1,500,000		1,514,430
NextEra Energy Capital Holdings, Inc.
3-Month LIBOR + 0.32%, 2.84% (A), 09/03/2019		2,600,000		2,600,439
3.20%, 02/25/2022		1,500,000		1,525,979
3-Month LIBOR + 0.72%, 3.24% (A), 02/25/2022		1,800,000		1,812,042

The notes are an integral part of this report. Transamerica Funds Page    5

Transamerica Total Return

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Electric Utilities (continued)
Oncor Electric Delivery Co. LLC
4.10%, 06/01/2022		$   1,500,000		$   1,568,863
PPL Capital Funding, Inc.
3.50%, 12/01/2022		2,000,000		2,056,154
Progress Energy, Inc.
4.88%, 12/01/2019		600,000		604,494
Southern Co.
3-Month LIBOR + 0.70%, 3.02% (A), 09/30/2020 (B)		2,000,000		2,000,833
Southern Power Co.
1.95%, 12/15/2019		900,000		898,171
				18,926,718
Entertainment - 0.2%
Activision Blizzard, Inc.
2.30%, 09/15/2021		1,600,000		1,594,690
Equity Real Estate Investment Trusts - 2.3%
American Tower Corp.
3.38%, 05/15/2024		2,200,000		2,261,849
AvalonBay Communities, Inc.
3.50%, 11/15/2024, MTN (F)		1,595,000		1,674,099
Crown Castle International Corp.
3.40%, 02/15/2021		1,850,000		1,871,672
3.70%, 06/15/2026		1,700,000		1,776,206
4.88%, 04/15/2022		900,000		953,184
Digital Realty Trust, LP
2.75%, 02/01/2023		1,400,000		1,399,365
4.45%, 07/15/2028		1,900,000		2,065,640
National Retail Properties, Inc.
3.50%, 10/15/2027		1,600,000		1,650,586
Simon Property Group, LP
2.50%, 09/01/2020		2,500,000		2,504,586
				16,157,187
Food Products - 1.5%
Campbell Soup Co.
3.30%, 03/15/2021		1,900,000		1,922,002
Conagra Brands, Inc.
3.80%, 10/22/2021		1,900,000		1,951,798
Danone SA
2.59%, 11/02/2023 (B)		3,294,000		3,310,026
3.00%, 06/15/2022 (B)		1,100,000		1,118,271
Kraft Heinz Foods Co.
4.00%, 06/15/2023 (F)		2,200,000		2,300,880
				10,602,977
Health Care Equipment & Supplies - 0.2%
Boston Scientific Corp.
3.38%, 05/15/2022		1,600,000		1,639,664
Health Care Providers & Services - 0.9%
Aetna, Inc.
2.75%, 11/15/2022		2,000,000		2,003,164
Cigna Corp.
3-Month LIBOR + 0.89%, 3.19% (A), 07/15/2023 (B)		1,100,000		1,102,370
CVS Health Corp.
3.13%, 03/09/2020		1,900,000		1,907,913
3.50%, 07/20/2022		1,300,000		1,332,839
				6,346,286

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Hotels, Restaurants & Leisure - 1.1%
GLP Capital, LP / GLP Financing II, Inc.
5.30%, 01/15/2029		$   2,400,000		$   2,599,680
McDonald’s Corp.
3-Month LIBOR + 0.43%, 2.69% (A), 10/28/2021, MTN		1,600,000		1,600,011
Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp.
4.25%, 05/30/2023 (B) (F)		1,500,000		1,511,400
5.50%, 03/01/2025 (B)		1,800,000		1,887,750
				7,598,841
Household Durables - 0.3%
D.R. Horton, Inc.
4.38%, 09/15/2022		1,800,000		1,877,752
Household Products - 0.6%
Reckitt Benckiser Treasury Services PLC
2.38%, 06/24/2022 (B)		3,900,000		3,888,957
Independent Power & Renewable Electricity Producers - 0.1%
Exelon Generation Co. LLC
5.20%, 10/01/2019		500,000		502,203
Insurance - 1.1%
Allstate Corp.
3-Month LIBOR + 0.63%, 2.96% (A), 03/29/2023		1,300,000		1,297,986
Ambac LSNI LLC
3-Month LIBOR + 5.00%, 7.32% (A), 02/12/2023 (B)		2,137,094		2,171,822
Jackson National Life Global Funding
2.38%, 09/15/2022(B)		1,700,000		1,694,866
3-Month LIBOR + 0.48%, 2.93% (A), 06/11/2021 (B)		1,500,000		1,504,694
New York Life Global Funding
2.90%, 01/17/2024 (B)		1,000,000		1,021,718
				7,691,086
Internet & Direct Marketing Retail - 0.6%
eBay, Inc.
2.15%, 06/05/2020		3,000,000		2,992,658
3.80%, 03/09/2022		1,200,000		1,238,124
				4,230,782
IT Services - 0.1%
DXC Technology Co.
3-Month LIBOR + 0.95%, 3.47% (A), 03/01/2021		1,000,000		1,000,059
Machinery - 0.4%
CNH Industrial Capital LLC
4.38%, 11/06/2020		1,300,000		1,326,247
Wabtec Corp.
3-Month LIBOR + 1.30%, 3.71% (A), 09/15/2021		1,700,000		1,700,404
				3,026,651

The notes are an integral part of this report. Transamerica Funds Page    6

Transamerica Total Return

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Media - 1.0%
Altice France SA
5.88%, 02/01/2027 (B)		EUR  1,200,000		$   1,446,987
7.38%, 05/01/2026 (B)		$  900,000		959,062
Charter Communications Operating LLC / Charter Communications Operating Capital
3.58%, 07/23/2020		1,800,000		1,813,630
4.46%, 07/23/2022		600,000		628,335
Interpublic Group of Cos., Inc.
3.50%, 10/01/2020		2,200,000		2,225,175
				7,073,189
Multi-Utilities - 0.3%
Sempra Energy
2.40%, 03/15/2020		1,900,000		1,897,078
Oil, Gas & Consumable Fuels - 1.1%
BP Capital Markets America, Inc.
3.79%, 02/06/2024		1,500,000		1,584,367
Continental Resources, Inc.
5.00%, 09/15/2022		480,000		483,071
Enbridge, Inc.
3-Month LIBOR + 0.70%, 3.11% (A), 06/15/2020		1,500,000		1,503,745
Energy Transfer Operating, LP
4.15%, 10/01/2020		800,000		811,858
Marathon Oil Corp.
2.80%, 11/01/2022		1,000,000		1,002,404
Petrobras Global Finance BV
6.13%, 01/17/2022 (F)		408,000		439,249
Sabine Pass Liquefaction LLC
5.63%, 02/01/2021		1,500,000		1,553,295
				7,377,989
Pharmaceuticals - 1.4%
Bayer Finance II LLC
3-Month LIBOR + 0.63%, 2.98% (A), 06/25/2021 (B)		1,900,000		1,901,786
3-Month LIBOR + 1.01%, 3.42% (A), 12/15/2023 (B)		2,200,000		2,203,230
Mylan NV
3.15%, 06/15/2021		1,800,000		1,815,260
Shire Acquisitions Investments Ireland DAC
1.90%, 09/23/2019		1,500,000		1,498,799
Teva Pharmaceutical Finance III BV
4.50%, 03/01/2025		EUR  1,100,000		1,132,461
6.00%, 04/15/2024		$  1,100,000		1,016,345
				9,567,881
Professional Services - 0.3%
Equifax, Inc.
3-Month LIBOR + 0.87%, 3.39% (A), 08/15/2021		2,100,000		2,099,020
Real Estate Management & Development - 0.2%
Tesco Property Finance 6 PLC
5.41%, 07/13/2044 (D)		GBP   765,894		1,190,627
Semiconductors & Semiconductor Equipment - 1.2%
Broadcom Corp. / Broadcom Cayman Finance, Ltd.
2.20%, 01/15/2021		$  1,900,000		1,885,083
3.00%, 01/15/2022		2,300,000		2,308,972

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Semiconductors & Semiconductor Equipment (continued)
Micron Technology, Inc.
4.98%, 02/06/2026		$   1,800,000		$   1,907,219
NXP BV / NXP Funding LLC
4.88%, 03/01/2024 (B)		1,900,000		2,037,946
				8,139,220
Software - 0.4%
VMware, Inc.
2.95%, 08/21/2022		2,400,000		2,417,985
Specialty Retail - 0.1%
QVC, Inc.
5.13%, 07/02/2022		800,000		835,766
Technology Hardware, Storage & Peripherals - 0.9%
Dell International LLC / EMC Corp.
4.42%, 06/15/2021 (B)		2,000,000		2,056,421
5.45%, 06/15/2023 (B)		2,200,000		2,372,270
Hewlett Packard Enterprise Co.
3-Month LIBOR + 0.72%, 3.01% (A), 10/05/2021		1,500,000		1,500,501
				5,929,192
Tobacco - 1.2%
BAT Capital Corp.
2.30%, 08/14/2020		2,600,000		2,593,815
2.76%, 08/15/2022		1,000,000		999,873
BAT International Finance PLC
2.75%, 06/15/2020 (B)		500,000		500,319
Imperial Brands Finance PLC
3.13%, 07/26/2024 (B)		1,700,000		1,696,300
3.75%, 07/21/2022 (B)		297,000		305,118
Reynolds American, Inc.
4.00%, 06/12/2022		1,800,000		1,865,361
				7,960,786
Wireless Telecommunication Services - 0.4%
Sprint Communications, Inc.
7.00%, 03/01/2020 (B)		900,000		919,125
Vodafone Group PLC
3-Month LIBOR + 0.99%, 3.31% (A), 01/16/2024		1,700,000		1,714,294
				2,633,419
Total Corporate Debt Securities (Cost $368,226,458)				373,926,453
FOREIGN GOVERNMENT OBLIGATIONS - 6.6%
Brazil - 2.7%
Brazil Letras do Tesouro Nacional
Zero Coupon, 10/01/2019 - 04/01/2020		BRL  72,400,000		18,411,920
Germany - 0.0% (H)
Bundesobligation
Zero Coupon, 04/17/2020 (D)		EUR  300,000		333,713
Japan - 0.9%
Japan Bank for International Cooperation
2.88%, 07/21/2027		$  1,700,000		1,768,991

The notes are an integral part of this report. Transamerica Funds Page    7

Transamerica Total Return

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
FOREIGN GOVERNMENT OBLIGATIONS (continued)
Japan (continued)
Japan Finance Organization for Municipalities
2.63%, 04/20/2022 (B)		$   1,400,000		$   1,414,606
3.38%, 09/27/2023 (B)		2,900,000		3,010,529
				6,194,126
Kuwait - 0.2%
Kuwait International Government Bond
2.75%, 03/20/2022 (B)		1,400,000		1,414,017
Peru - 0.3%
Peru Government International Bond
5.94%, 02/12/2029 (B)		PEN  6,200,000		2,095,257
Qatar - 0.7%
Qatar Government International Bond
3.38%, 03/14/2024 (B)		$  2,100,000		2,184,000
4.00%, 03/14/2029 (B)		2,100,000		2,287,618
				4,471,618
Spain - 1.8%
Spain Government Bond
1.40%, 07/30/2028 (D)		EUR  3,400,000		4,176,314
1.85%, 07/30/2035 (D)		2,400,000		3,098,000
0.60%, 10/31/2029, MTN (D)		4,600,000		5,253,880
				12,528,194
Total Foreign Government Obligations (Cost $43,982,444)				45,448,845
MORTGAGE-BACKED SECURITIES - 6.9%
Alternative Loan Trust
Series 2005-J12, Class 2A1,
1-Month LIBOR + 0.54%, 2.81% (A), 08/25/2035		$  974,209		665,996
Series 2006-30T1, Class 1A3,
6.25%, 11/25/2036		130,059		115,320
Series 2006-J8, Class A2,
6.00%, 02/25/2037		148,898		103,183
Series 2006-OA12, Class A1B,
1-Month LIBOR + 0.19%, 2.46% (A), 09/20/2046		650,698		562,254
Series 2006-OC7, Class 2A2A,
1-Month LIBOR + 0.17%, 2.44% (A), 07/25/2046		610,377		593,122
Series 2006-OC8, Class 2A2B,
1-Month LIBOR + 0.17%, 2.44% (A), 11/25/2036		354,540		343,448
Series 2007-2CB, Class 1A13,
1-Month LIBOR + 1.00%, 5.75% (A), 03/25/2037		190,639		160,620
Series 2007-HY4, Class 1A1,
3.94% (A), 06/25/2037		346,717		299,032
Series 2007-J1, Class 2A8,
6.00%, 03/25/2037		1,416,164		864,584
Ashford Hospitality Trust
Series 2018-AHT1, Class A,
1-Month LIBOR + 1.00%, 3.33% (A), 05/15/2035 (B)		2,200,000		2,202,756
Banc of America Funding Trust
Series 2005-D, Class A1,
4.81% (A), 05/25/2035		120,456		123,098
Series 2006-J, Class 4A1,
4.66% (A), 01/20/2047		27,280		26,365
BBCMS Trust
Series 2015-STP, Class A,
3.32%, 09/10/2028 (B)		1,646,294		1,657,225

	Principal		Value
MORTGAGE-BACKED SECURITIES (continued)
BCAP LLC Trust
Series 2011-RR8, Class 2A1,
3.87% (A), 08/26/2037 (B)		$   201,680		$   202,290
Bear Stearns Alt-A Trust
Series 2006-6, Class 31A1,
4.08% (A), 11/25/2036		838,625		772,736
Series 2006-6, Class 32A1,
3.98% (A), 11/25/2036		172,244		142,396
Bear Stearns ARM Trust
Series 2003-5, Class 2A1,
4.46% (A), 08/25/2033		111,434		110,906
Series 2003-8, Class 2A1,
4.89% (A), 01/25/2034		3,977		4,134
Series 2003-8, Class 4A1,
4.77% (A), 01/25/2034		42,914		44,112
Series 2006-4, Class 1A1,
4.80% (A), 10/25/2036		37,857		37,132
Bear Stearns Structured Products, Inc. Trust
Series 2007-R6, Class 1A1,
4.27% (A), 01/26/2036		101,923		90,030
CGMS Commercial Mortgage Trust
Series 2017-MDRA, Class A,
3.66%, 07/10/2030 (B)		1,900,000		1,939,388
Chevy Chase Funding LLC Mortgage-Backed Certificates
Series 2004-3A, Class A1,
1-Month LIBOR + 0.25%, 2.52% (A), 08/25/2035 (B)		54,803		54,279
CHL Mortgage Pass-Through Trust
Series 2002-30, Class M,
4.70% (A), 10/19/2032		4,946		4,688
Series 2004-12, Class 12A1,
4.15% (A), 08/25/2034		37,356		37,471
Citigroup Commercial Mortgage Trust
Series 2015-SHP2, Class A,
1-Month LIBOR + 1.28%, 3.61% (A), 07/15/2027 (B)		1,800,000		1,799,999
Citigroup Mortgage Loan Trust, Inc.
Series 2005-6, Class A2,
1-Year CMT + 2.15%, 4.55% (A), 09/25/2035		40,121		41,054
Series 2009-3, Class 5A3,
6.00% (A), 02/25/2037 (B)		727,341		716,570
CitiMortgage Alternative Loan Trust
Series 2006-A7, Class 1A9,
1-Month LIBOR + 0.65%, 2.92% (A), 12/25/2036		1,216,182		969,804
COMM Mortgage Trust
Series 2015-CR26, Class ASB,
3.37%, 10/10/2048		1,400,000		1,442,348
Credit Suisse First Boston Mortgage Securities Corp.
Series 2002-P1A, Class A,
3.09% (A), 03/25/2032 (B)		198		193
Series 2003-AR15, Class 2A1,
4.24% (A), 06/25/2033		179,198		180,425
Series 2003-AR28, Class 2A1,
4.18% (A), 12/25/2033		1,344,858		1,364,692
Deutsche Alt-A Securities, Inc. Mortgage Loan Trust
Series 2005-6, Class 2A3,
5.50%, 12/25/2035		221,642		212,235

The notes are an integral part of this report. Transamerica Funds Page    8

Transamerica Total Return

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
MORTGAGE-BACKED SECURITIES (continued)
First Horizon Alternative Mortgage Securities Trust
Series 2007-FA4, Class 1A8,
6.25%, 08/25/2037		$   130,098		$   97,830
First Horizon Mortgage Pass-Through Trust
Series 2005-AR3, Class 2A1,
4.60% (A), 08/25/2035		12,152		10,101
GS Mortgage Securities Corp. Trust
Series 2016-RENT, Class A,
3.20%, 02/10/2029 (B)		1,400,000		1,411,355
GSR Mortgage Loan Trust
Series 2005-AR6, Class 2A1,
4.50% (A), 09/25/2035		17,387		17,830
HarborView Mortgage Loan Trust
Series 2005-14, Class 4A1A,
3.99% (A), 12/19/2035		154,907		115,748
Series 2006-6, Class 5A1A,
4.53% (A), 08/19/2036		63,619		60,344
Hawksmoor Mortgages
Series 2019-1A, Class A,
SONIA + 1.05%, 0.00% (A), 05/25/2053 (B) (I) (J)		GBP  6,600,000		8,026,258
Hilton USA Trust
Series 2016-SFP, Class A,
2.83%, 11/05/2035 (B)		$  1,700,000		1,697,384
IndyMac INDX Mortgage Loan Trust
Series 2005-AR11, Class A3,
3.89% (A), 08/25/2035		902,149		814,051
JPMorgan Alternative Loan Trust
Series 2006-A2, Class 1A1,
1-Month LIBOR + 0.18%, 2.45% (A), 05/25/2036		1,025,132		931,017
JPMorgan Chase Commercial Mortgage Securities Trust
Series 2018-LAQ, Class A,
1-Month LIBOR + 1.00%, 3.33% (A), 06/15/2032 (B)		2,159,413		2,162,104
Series 2018-PHH, Class A,
1-Month LIBOR + 0.91%, 3.24% (A), 06/15/2035 (B)		1,744,354		1,745,419
Ludgate Funding PLC
Series 2007-1, Class A2A,
3-Month GBP LIBOR + 0.16%, 0.94% (A), 01/01/2061 (D)		GBP  1,445,317		1,646,350
MASTR Alternative Loan Trust
Series 2006-2, Class 2A1,
1-Month LIBOR + 0.40%, 2.67% (A), 03/25/2036		$  89,047		16,658
Merrill Lynch Mortgage Investors Trust
Series 2005-3, Class 4A,
1-Month LIBOR + 0.25%, 2.52% (A), 11/25/2035		429		431
Morgan Stanley Capital I Trust
Series 2014-CPT, Class AM,
3.40% (A), 07/13/2029 (B)		1,400,000		1,418,689
RALI Trust
Series 2008-QR1, Class 1A1,
1-Month LIBOR + 1.40%, 3.67% (A), 08/25/2036		339,563		315,607

	Principal		Value
MORTGAGE-BACKED SECURITIES (continued)
RBSSP Resecuritization Trust
Series 2009-6, Class 2A1,
1-Month LIBOR + 0.15%, 4.23% (A), 01/26/2036 (B)		$   119,097		$   119,659
Reperforming Loan REMIC Trust
Series 2004-R1, Class 2A,
6.50%, 11/25/2034 (B)		99,369		99,029
Series 2005-R2, Class 1AF1,
1-Month LIBOR + 0.34%, 2.61% (A), 06/25/2035 (B)		308,221		295,576
RFMSI Trust
Series 2003-S9, Class A1,
6.50%, 03/25/2032		541		558
RMAC Securities No. 1 PLC
Series 2007-NS1X, Class A2B,
3-Month LIBOR + 0.15%, 2.59% (A), 06/12/2044 (D)		1,813,708		1,710,555
Sequoia Mortgage Trust
Series 2004-11, Class A2,
6-Month LIBOR + 0.64%, 3.19% (A), 12/20/2034		716,482		704,189
Series 2007-1, Class 1A1,
3.81% (A), 01/20/2047		180,703		145,431
Series 2007-3, Class 2AA1,
4.04% (A), 07/20/2037		1,052,770		987,238
Series 2010, Class 2A1,
1-Month LIBOR + 0.76%, 3.03% (A), 10/20/2027		4,990		4,838
Structured Adjustable Rate Mortgage Loan Trust
Series 2004-12, Class 3A1,
4.55% (A), 09/25/2034		141,003		143,442
Series 2004-19, Class 2A1,
12-MTA + 1.40%, 3.91% (A), 01/25/2035		74,796		72,806
Structured Asset Mortgage Investments II Trust
Series 2005-AR5, Class A1,
1-Month LIBOR + 0.25%, 2.55% (A), 07/19/2035		12,317		12,205
Series 2005-AR5, Class A2,
1-Month LIBOR + 0.25%, 2.55% (A), 07/19/2035		13,253		13,058
Series 2005-AR5, Class A3,
1-Month LIBOR + 0.25%, 2.55% (A), 07/19/2035		33,447		33,113
Series 2005-AR8, Class A1A,
1-Month LIBOR + 0.28%, 2.55% (A), 02/25/2036		229,240		219,937
Structured Asset Mortgage Investments Trust
Series 2002-AR3, Class A1,
1-Month LIBOR + 0.66%, 2.96% (A), 09/19/2032		3,711		3,663
Structured Asset Securities Corp. Mortgage Pass-Through Certificates
Series 2003-22A, Class 2A1,
4.41% (A), 06/25/2033		149,937		148,227
Towd Point Mortgage Funding PLC
Series 2019-GR4A, Class A1,
3-Month GBP LIBOR + 1.03%, 1.80% (A), 10/20/2051		GBP  2,359,455		2,872,684

The notes are an integral part of this report. Transamerica Funds Page    9

Transamerica Total Return

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
MORTGAGE-BACKED SECURITIES (continued)
WaMu Mortgage Pass-Through Certificates Trust
Series 2003-AR9, Class 2A,
4.38% (A), 09/25/2033		$  219,791		$   225,405
Wells Fargo Mortgage-Backed Securities Trust
Series 2004-CC, Class A1,
4.99% (A), 01/25/2035		23,646		24,365
Series 2005-AR2, Class 1A1,
5.08% (A), 03/25/2035		556,310		571,566
Series 2006-AR1, Class 2A4,
4.98% (A), 03/25/2036		919,531		913,900
Series 2006-AR8, Class 2A4,
4.88% (A), 04/25/2036		51,730		52,305
Total Mortgage-Backed Securities (Cost $48,276,746)				47,744,810
MUNICIPAL GOVERNMENT OBLIGATIONS - 0.6%
Illinois - 0.5%
City of Chicago, General Obligation Unlimited,
Series B,
7.75%, 01/01/2042		170,000		191,787
State of Illinois, General Obligation Unlimited
6.63%, 02/01/2035		1,500,000		1,747,575
7.35%, 07/01/2035		1,015,000		1,213,473
				3,152,835
West Virginia - 0.1%
Tobacco Settlement Finance Authority, Revenue Bonds,
Series A,
7.47%, 06/01/2047		935,000		943,668
Total Municipal Government Obligations (Cost $3,707,630)				4,096,503
U.S. GOVERNMENT AGENCY OBLIGATIONS - 41.0%
Federal Home Loan Mortgage Corp.
12-Month LIBOR + 1.35%, 4.10% (A), 09/01/2035		10,802		11,154
4.50%, 08/01/2025 - 05/01/2037		25,453		27,377
12-Month LIBOR + 1.87%, 4.62% (A), 09/01/2035		106,190		111,681
1-Year CMT + 2.22%, 4.72% (A), 11/01/2033		23,184		24,366
1-Year CMT + 2.26%, 4.76% (A), 01/01/2036		634,487		671,144
1-Year CMT + 2.23%, 4.96% (A), 03/01/2034		35,955		37,813
Federal Home Loan Mortgage Corp. REMIC
1-Month LIBOR + 0.40%, 2.73% (A), 06/15/2041		1,000,532		1,000,854
6.50%, 04/15/2029		945		1,037
Federal Home Loan Mortgage Corp. Structured Pass-Through Certificates
12-MTA + 1.20%, 3.71% (A), 10/25/2044		140,675		142,023
12-MTA + 1.40%, 3.91% (A), 07/25/2044		136,621		139,604
6.50%, 07/25/2043		8,264		9,697

	Principal		Value
U.S. GOVERNMENT AGENCY OBLIGATIONS (continued)
Federal National Mortgage Association
1-Month LIBOR + 0.35%, 2.75% (A), 09/25/2042		$   122,660		$   121,453
3.00%, TBA (I)		66,000,000		66,505,631
3.31%, 07/01/2023		3,244,757		3,364,411
3.50%, 02/01/2027		113,045		117,055
3.50%, TBA (I)		34,200,000		35,121,696
12-MTA + 1.20%, 3.70% (A), 03/01/2044 - 10/01/2044		432,209		434,964
4.00%, TBA (I)		32,400,000		33,528,079
12-Month LIBOR + 1.34%, 4.11% (A), 07/01/2035		46,091		47,734
1-Year CMT + 2.04%, 4.29% (A), 09/01/2035		130,990		137,587
1-Year CMT + 2.19%, 4.44% (A), 01/01/2026		1,471		1,480
4.50%, 12/01/2024		95,519		98,347
1-Year CMT + 2.22%, 4.71% (A), 01/01/2028		9,714		10,175
12-Month LIBOR + 1.71%, 4.73% (A), 03/01/2034		48,833		50,974
1-Year CMT + 2.27%, 4.77% (A), 11/01/2033		19,571		20,729
5.00%, 10/01/2029		155,096		165,320
5.00%, TBA (I)		1,000,000		1,025,990
6.00%, 07/01/2035 - 06/01/2040		863,341		981,105
Federal National Mortgage Association REMIC
1-Month LIBOR + 0.45%, 2.89% (A), 09/25/2046		534,465		534,123
6.30%, 10/17/2038		45,861		46,193
Federal National Mortgage Association REMIC, Interest Only STRIPS
(1.00) * 1-Month LIBOR + 7.10%, 4.83% (A), 07/25/2034		327,301		50,734
Government National Mortgage Association
3.00%, TBA (I)		6,000,000		6,125,690
1-Month LIBOR + 0.60%, 3.03% (A), 08/20/2065 - 10/20/2065		3,214,863		3,214,813
1-Month LIBOR + 0.95%, 3.38% (A), 12/20/2066		1,243,527		1,259,101
1-Month LIBOR + 1.00%, 3.43% (A), 12/20/2065		4,722,795		4,789,329
3.50%, TBA (I)		24,200,000		25,002,570
1-Year CMT + 1.50%, 3.63% (A), 05/20/2024		10,338		10,556
4.00%, 06/20/2049		1,497,055		1,556,320
4.00%, TBA (I)		56,900,000		59,084,722
4.50%, TBA (I)		18,000,000		18,734,063
5.00%, 02/20/2049 - 05/20/2049		3,410,605		3,585,117
5.00%, TBA (I)		13,100,000		13,718,156
Government National Mortgage Association, Interest Only STRIPS
(1.00) * 1-Month LIBOR + 6.56%, 4.23% (A), 04/16/2033 - 10/16/2033		336,832		29,711
(1.00) * 1-Month LIBOR + 6.60%, 4.27% (A), 08/16/2033		642,970		87,494
(1.00) * 1-Month LIBOR + 6.60%, 4.33% (A), 09/20/2034		346,537		54,516
Total U.S. Government Agency Obligations (Cost $281,238,018)				281,792,688

The notes are an integral part of this report. Transamerica Funds Page    10

Transamerica Total Return

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
U.S. GOVERNMENT OBLIGATIONS - 36.4%
U.S. Treasury - 28.0%
U.S. Treasury Bond
2.75%, 08/15/2042 - 11/15/2042 (K)		$   10,000,000		$   10,483,125
2.88%, 05/15/2043		3,600,000		3,849,187
2.88%, 08/15/2045 (I) (K)		7,200,000		7,690,219
3.00%, 05/15/2042 - 02/15/2048 (K)		10,200,000		11,166,539
3.13%, 02/15/2043		1,000,000		1,115,039
3.13%, 08/15/2044 (K) (L)		9,700,000		10,814,742
4.25%, 05/15/2039		900,000		1,175,906
4.38%, 11/15/2039 (K)		4,900,000		6,508,195
4.38%, 05/15/2040		1,400,000		1,862,164
4.63%, 02/15/2040		700,000		959,766
U.S. Treasury Note
1.75%, 06/30/2024 (K)		4,300,000		4,280,349
1.88%, 07/31/2022 (L) (M)		900,000		900,457
1.88%, 08/31/2022 (K) (L) (N)		4,000,000		4,002,344
2.00%, 12/31/2021 (K) (M) (N)		86,900,000		87,164,774
2.00%, 10/31/2022 (L)		400,000		401,766
2.13%, 09/30/2024 (K)		11,100,000		11,239,617
2.25%, 08/15/2027 (K) (N)		5,900,000		6,022,379
2.63%, 02/15/2029 (K)		9,500,000		9,995,410
2.88%, 05/15/2049		12,000,000		12,872,344
				192,504,322
U.S. Treasury Inflation-Protected Securities - 8.4%
U.S. Treasury Inflation-Indexed Bond
0.75%, 02/15/2042		3,399,810		3,452,359
0.88%, 01/15/2029 - 02/15/2047		22,855,711		24,073,966
1.00%, 02/15/2046 - 02/15/2048		4,624,126		4,923,764
1.00%, 02/15/2049 (F)		508,820		546,125
U.S. Treasury Inflation-Indexed Note
0.38%, 07/15/2023 - 07/15/2027		6,532,571		6,576,515
0.63%, 01/15/2026 (K)		6,681,740		6,836,618
0.75%, 07/15/2028 (K)		11,017,620		11,496,062
				57,905,409
Total U.S. Government Obligations (Cost $242,924,540)				250,409,731
	Shares		Value
COMMON STOCK - 0.0% (H)
Household Durables - 0.0% (H)
Urbi Desarrollos Urbanos SAB de CV (O)		7,629		434
Total Common Stock (Cost $417,591)				434
	Principal		Value
SHORT-TERM FOREIGN GOVERNMENT OBLIGATIONS - 2.6%
Japan - 2.6%
Japan Treasury Discount Bill
0.00% (P) (Q), 08/26/2019 - 09/24/2019		JPY  1,920,000,000		17,650,177
Total Short-Term Foreign Government Obligations (Cost $17,712,153)				17,650,177

	Shares		Value
OTHER INVESTMENT COMPANY - 1.2%
Securities Lending Collateral - 1.2%
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 2.32% (P)		7,905,235		$   7,905,235
Total Other Investment Company (Cost $7,905,235)				7,905,235
	Principal		Value
REPURCHASE AGREEMENT - 0.2%
Fixed Income Clearing Corp., 1.45% (P), dated 07/31/2019, to be repurchased at $1,354,131 on 08/01/2019. Collateralized by a U.S. Government Obligation, 1.13%, due 02/28/2021, and with a value of $1,384,282.		$  1,354,076		1,354,076
Total Repurchase Agreement (Cost $1,354,076)				1,354,076
Total Investments Excluding Purchased Options/Swaptions (Cost $1,105,032,790)				1,126,215,350
Total Purchased Options/Swaptions - 0.0% (H) (Cost $37,313)				1,897
Total Investments (Cost $1,105,070,103)				1,126,217,247
Net Other Assets (Liabilities) - (63.8)%				(438,830,728	)
Net Assets - 100.0%				$  687,386,519

The notes are an integral part of this report. Transamerica Funds Page    11

Transamerica Total Return

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Value			Value Including Accrued Interest
REVERSE REPURCHASE AGREEMENTS - (28.5)%
Bank of Montreal, 2.37% (P), dated 07/16/2019, to be repurchased at $(9,611,393) on 10/16/2019. Collateralized by U.S. Government Obligations, 2.88% - 3.13%, due 08/15/2044 - 02/15/2048, and with total value of $(9,782,915).		$  (9,553,530	)		$  (9,563,593	)
Bank of Montreal, 2.49% (P), dated 07/12/2019, to be repurchased at $(12,145,727) on 08/09/2019. Collateralized by U.S. Government Obligations, 2.75% - 4.38%, due 11/15/2039 - 11/15/2046, and with a total value of $(12,429,946).		(12,122,250	)		(12,139,019	)
Bank of Montreal, 2.57% (P), dated 07/09/2019, to be repurchased at $(14,277,671) on 08/02/2019. Collateralized by U.S. Government Obligations, 2.00% - 2.88%, due 12/31/2021 - 11/15/2046, and with a total value of $(14,352,239).		(14,253,250	)		(14,276,653	)
Bank of Nova Scotia, 2.29% (P), dated 08/01/2019, to be repurchased at $(552,797) on 10/02/2019. Collateralized by a U.S. Government Obligation, 3.00%, due 05/15/2042, and with a value of $(547,305).		(550,625	)		(550,625	)
Bank of Nova Scotia, 2.48% (P), dated 07/11/2019, to be repurchased at $(5,713,066) on 08/12/2019. Collateralized by a U.S. Government Obligation, 3.00%, due 02/15/2048, and with a value of $(5,768,201).		(5,700,500	)		(5,708,747	)
Bank of Nova Scotia, 2.52% (P), dated 07/02/2019, to be repurchased at $(5,898,667) on 08/01/2019. Collateralized by U.S. Government Obligations, 1.88% - 3.00%, due 12/31/2021 - 05/15/2042, and with a total value of $(6,440,630).		(5,886,306	)		(5,898,667	)
Bank of Nova Scotia, 2.53% (P), dated 07/09/2019, to be repurchased at $(3,192,876) on 08/02/2019. Collateralized by a U.S. Government Obligation, 2.75%, due 08/15/2042, and with a value of $(3,188,059).		(3,187,500	)		(3,192,652	)
Credit Agricole Securities, Inc., 2.31% (P), dated 08/01/2019, to be repurchased at $(33,237,166) on 08/08/2019. Collateralized by U.S. Government Obligations, 1.88% - 2.25%, due 12/31/2021 - 08/15/2027, and with a total value of $(33,453,236).		(33,222,244	)		(33,222,244	)
Credit Agricole Securities, Inc., 2.49% (P), dated 07/10/2019, to be repurchased at $(1,578,595) on 08/12/2019. Collateralized by a U.S. Government Obligation, 2.75%, due 11/15/2042, and with a value of $(1,582,337).		(1,575,000	)		(1,577,397	)

	Value			Value Including Accrued Interest
REVERSE REPURCHASE AGREEMENTS (continued)
Credit Agricole Securities, Inc., 2.52% (P), dated 07/16/2019, to be repurchased at $(11,320,790) on 08/01/2019. Collateralized by U.S. Government Obligations, 1.88% - 2.25%, due 12/31/2021 - 08/15/2027, and with a total value of $(44,375,500).		$   (11,308,125	)		$   (11,320,790	)
Deutsche Bank Securities, Inc., 2.47% (P), dated 07/18/2019, to be repurchased at $(2,671,478) on 08/19/2019. Collateralized by a U.S. Government Obligation, 2.88%, due 05/15/2043, and with a value of $(2,690,771).		(2,665,625	)		(2,668,185	)
JPMorgan Securities LLC, 2.38% (P), dated 06/18/2019, to be repurchased at $(12,829,004) on 08/15/2019. Collateralized by a U.S. Government Obligation, 2.88%, due 05/15/2049, and Cash with a total value of $(12,959,735).		(12,780,000	)		(12,817,176	)
JPMorgan Securities LLC, 2.55% (P), dated 07/30/2019, to be repurchased at $(6,572,610) on 08/06/2019. Collateralized by a U.S. Government Obligation, 2.00%, due 12/31/2021, and Cash with a total value of $(6,538,091).		(6,524,375	)		(6,525,299	)
Merrill Lynch Pierce Fenner & Smith, 2.50% (P), dated 07/24/2019, to be repurchased at $(7,426,183) on 08/05/2019. Collateralized by a U.S. Government Obligation, 2.63%, due 02/15/2029, and with a value of $(7,451,859).		(7,420,000	)		(7,424,122	)
RBS Securities, Inc., 2.56% (P), dated 07/23/2019, to be repurchased at $(49,039,223) on 08/02/2019. Collateralized by a U.S. Government Obligation, 2.00%, due 12/31/2021, and Cash with a total value of $(48,978,360).		(49,004,375	)		(49,035,738	)
Standard Chartered Bank, 2.49% (P), dated 07/16/2019, to be repurchased at $(2,874,901) on 08/16/2019. Collateralized by a U.S. Government Obligation, 2.88%, due 08/15/2045, and with a value of $(2,921,646).		(2,868,750	)		(2,871,925	)
Standard Chartered Bank, 2.57% (P), dated 07/17/2019, to be repurchased at $(1,952,839) on 08/01/2019. Collateralized by a U.S. Government Obligation, 3.00%, due 02/15/2048, and with a value of $(1,996,685).		(1,950,750	)		(1,952,715	)
Standard Chartered Bank, 2.57% (P), dated 07/18/2019, to be repurchased at $(15,540,261) on 08/01/2019. Collateralized by U.S. Government Obligations, 1.88% - 2.25%, due 12/31/2021 - 08/15/2027, and with a total value of $(15,555,739).		(15,524,745	)		(15,540,385	)
Total Reverse Repurchase Agreements					$  (196,285,932	)

The notes are an integral part of this report. Transamerica Funds Page    12

Transamerica Total Return

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

EXCHANGE-TRADED OPTIONS PURCHASED:

Description	Exercise Price			Expiration Date		Notional Amount			Number of Contracts		Premiums Paid			Value
Call - U.S. Treasury Note Futures		USD	194.00		08/23/2019		USD	5,601,240		36		$	310		$	36
Call - U.S. Treasury Note Futures		USD	195.00		08/23/2019		USD	6,379,190		41			353			41
Put - 5-Year U.S. Treasury Note Futures		USD	106.25		08/23/2019		USD	28,682,200		244			2,098			244
Put - 5-Year U.S. Treasury Note Futures		USD	106.50		08/23/2019		USD	57,364,400		488			4,197			488
Put - 5-Year U.S. Treasury Note Futures		USD	106.75		08/23/2019		USD	41,730,250		355			3,053			355
Put - 5-Year U.S. Treasury Note Futures		USD	108.00		08/23/2019		USD	15,163,950		129			1,109			129
Put - 10-Year U.S. Treasury Note Futures		USD	110.00		08/23/2019		USD	11,850,060		93			800			93
Put - 10-Year U.S. Treasury Note Futures		USD	110.50		08/23/2019		USD	9,174,240		72			619			72
Put - 10-Year U.S. Treasury Note Futures		USD	111.00		08/23/2019		USD	6,880,680		54			464			54
Put - 10-Year U.S. Treasury Note Futures		USD	111.50		08/23/2019		USD	637,100		5			43			5
Put - 10-Year U.S. Treasury Note Futures		USD	112.00		08/23/2019		USD	3,950,020		31			267			31
Total												$	13,313		$	1,548

OVER-THE-COUNTER INTEREST RATE SWAPTIONS PURCHASED:

Description

Counterparty

Floating Rate Index

Pay/Receive Floating Rate

Exercise Rate

Expiration Date

Notional Amount/ Number of Contracts

Premiums Paid

Value

Put - 30-Year

GSB

3-Month USD-LIBOR

Pay

2.94

%

12/12/2019

USD

500,000

$

24,000

$

349

OVER-THE-COUNTER CREDIT DEFAULT SWAPTIONS WRITTEN:

Description	Counterparty		Pay/Receive Floating Rate		Exercise Rate			Expiration Date		Notional Amount/ Number of Contracts			Premiums (Received)				Value
Put - North America Investment Grade Index - Series 31		GSI		Pay		2.40	%		09/18/2019		USD	1,800,000		$	(3,060	)		$	(1	)

OVER-THE-COUNTER INTEREST RATE SWAPTIONS WRITTEN:

Description

Counterparty

Floating Rate Index

Pay/Receive Floating Rate

Exercise Rate

Expiration Date

Notional Amount/ Number of Contracts

Premiums (Received)

Value

Put - 5-Year

GSB

3-Month USD-LIBOR

Pay

2.75

%

12/12/2019

USD

2,200,000

$

(24,000

)

$

(200

)

	Premiums (Received)				Value
TOTAL WRITTEN OPTIONS AND SWAPTIONS		$	(27,060	)		$	(201	)

The notes are an integral part of this report. Transamerica Funds Page    13

Transamerica Total Return

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

CENTRALLY CLEARED SWAP AGREEMENTS:

Credit Default Swap Agreements on Corporate and Sovereign Issues – Sell Protection ^(R)

Reference Obligation	Fixed Rate Receivable			Payment Frequency		Maturity Date		Implied Credit Spread at July 31, 2019 (S)			Notional Amount (T)			Value (U)			Premiums Paid (Received)				Net Unrealized Appreciation (Depreciation)
Ford Motor Credit Co. LLC, 3.81%, 01/09/2024		5.00	%		Quarterly		12/20/2023		1.65	%		USD	2,400,000		$	345,838		$	276,057			$	69,781
Ford Motor Credit Co. LLC, 5.00%, 05/15/2018		5.00			Quarterly		12/20/2022		1.29			USD	1,500,000			190,628			193,346				(2,718	)
General Electric Co., 2.70%, 10/09/2022		1.00			Quarterly		12/20/2023		0.65			USD	600,000			10,117			(25,920	)			36,037
General Electric Co., 2.70%, 10/09/2022		1.00			Quarterly		06/20/2024		0.75			USD	300,000			3,830			(891	)			4,721
Goldman Sachs Group, Inc., 5.95%, 01/18/2018		1.00			Quarterly		06/20/2021		0.28			USD	1,000,000			14,460			6,524				7,936
Goldman Sachs Group, Inc., 5.95%, 01/18/2018		1.00			Quarterly		12/20/2021		0.33			USD	1,400,000			23,721			9,534				14,187
MetLife, Inc., 4.75%, 02/08/2021		1.00			Quarterly		12/20/2021		0.22			USD	1,500,000			29,824			(6,169	)			35,993
Tesco PLC, 6.00%, 12/14/2029		1.00			Quarterly		06/20/2022		0.50			EUR	1,200,000			20,847			(30,473	)			51,320
Total															$	639,265		$	422,008			$	217,257

Credit Default Swap Agreements on Credit Indices – Sell Protection ^(R)

Reference Obligation	Fixed Rate Receivable			Payment Frequency		Maturity Date		Notional Amount (T)			Value (U)				Premiums Paid (Received)				Net Unrealized Appreciation (Depreciation)
North America Investment Grade Index - Series 31		1.00	%		Quarterly		12/20/2023		USD	36,900,000		$	(844,295	)		$	(607,153	)		$	(237,142	)
North America Investment Grade Index - Series 32		1.00			Quarterly		06/20/2024		USD	10,800,000			(238,115	)			(168,333	)			(69,782	)
Total												$	(1,082,410	)		$	(775,486	)		$	(306,924	)

Interest Rate Swap Agreements

Floating Rate Index	Pay/Receive Fixed Rate	Fixed Rate			Payment Frequency	Maturity Date		Notional Amount		Value			Premiums Paid (Received)			Net Unrealized Appreciation (Depreciation)
3-Month CAD-CDOR	Pay		1.75	%	Semi-Annually		12/16/2046	CAD	400,000	$	27,144		$	(4,813	)	$	31,957
3-Month USD-LIBOR	Pay		2.25		Quarterly/ Semi-Annually		06/20/2028	USD	16,500,000		(447,535	)		788,222			(1,235,757	)
3-Month USD-LIBOR	Pay		2.50		Quarterly/ Semi-Annually		12/20/2027	USD	7,900,000		(365,805	)		(98,502	)		(267,303	)
3-Month USD-LIBOR	Receive		2.80		Quarterly/ Semi-Annually		08/22/2023	USD	6,700,000		303,566			(159	)		303,725
3-Month USD-LIBOR	Pay		2.91		Quarterly/ Semi-Annually		08/22/2048	USD	900,000		(151,440	)		27,550			(178,990	)
3-Month USD-LIBOR	Pay		2.94		Quarterly/ Semi-Annually		08/22/2048	USD	900,000		(158,614	)		—			(158,614	)
6-Month EUR-EURIBOR	Receive		1.25		Annually/ Semi-Annually		09/18/2049	EUR	2,500,000		570,553			18,641			551,912
6-Month EUR-EURIBOR	Receive		1.50		Annually/ Semi-Annually		07/04/2042	EUR	5,800,000		1,455,130			—			1,455,130

The notes are an integral part of this report. Transamerica Funds Page    14

Transamerica Total Return

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

CENTRALLY CLEARED SWAP AGREEMENTS (continued):

Interest Rate Swap Agreements (continued)

Floating Rate Index	Pay/Receive Fixed Rate		Fixed     Rate			Payment Frequency		Maturity Date		Notional Amount			Value				Premiums Paid (Received)				Net Unrealized Appreciation (Depreciation)
6-Month GBP-LIBOR		Pay		1.00	%		Semi-Annually		12/18/2029		GBP	2,200,000		$	(37,343	)		$	9,596			$	(46,939	)
6-Month GBP-LIBOR		Pay		1.25			Semi-Annually		09/18/2024		GBP	8,500,000			(290,035	)			18,285				(308,320	)
6-Month GBP-LIBOR		Pay		1.25			Semi-Annually		12/18/2049		GBP	4,700,000			(274,047	)			(98,588	)			(175,459	)
6-Month GBP-LIBOR		Pay		1.50			Semi-Annually		09/18/2029		GBP	7,100,000			(548,710	)			(48,481	)			(500,229	)
6-Month GBP-LIBOR		Pay		1.50			Semi-Annually		09/18/2049		GBP	1,000,000			(140,725	)			15,919				(156,644	)
6-Month JPY-LIBOR		Pay		0.30			Semi-Annually		03/18/2026		JPY	1,960,000,000			(471,311	)			(95,701	)			(375,610	)
6-Month JPY-LIBOR		Pay		0.30			Semi-Annually		03/18/2026		JPY	2,620,000,000			(632,633	)			(101,454	)			(531,179	)
6-Month JPY-LIBOR		Pay		0.30			Semi-Annually		09/20/2027		JPY	840,000,000			(222,780	)			(27,459	)			(195,321	)
6-Month JPY-LIBOR		Pay		0.30			Semi-Annually		03/20/2028		JPY	300,000,000			(80,877	)			18,428				(99,305	)
6-Month JPY-LIBOR		Receive		0.38			Semi-Annually		06/18/2028		JPY	740,000,000			244,865				38,569				206,296
6-Month JPY-LIBOR		Pay		0.45			Semi-Annually		03/20/2029		JPY	440,000,000			(182,008	)			(29,140	)			(152,868	)
6-Month JPY-LIBOR		Pay		0.71			Semi-Annually		10/31/2038		JPY	260,000,000			(213,446	)			15,987				(229,433	)
6-Month JPY-LIBOR		Pay		0.75			Semi-Annually		03/20/2038		JPY	750,000,000			(676,666	)			20,733				(697,399	)
6-Month JPY-LIBOR		Pay		0.75			Semi-Annually		12/20/2038		JPY	1,160,000,000			(1,036,791	)			67,495				(1,104,286	)
6-Month JPY-LIBOR		Pay		0.79			Semi-Annually		11/12/2038		JPY	140,000,000			(134,720	)			462				(135,182	)
6-Month JPY-LIBOR		Pay		0.80			Semi-Annually		10/22/2038		JPY	90,000,000			(89,326	)			—				(89,326	)
Total														$	(3,553,554	)		$	535,590			$	(4,089,144	)

OVER-THE-COUNTER SWAP AGREEMENTS:

Credit Default Swap Agreements on Corporate and Sovereign Issues – Sell Protection ^(R)

Reference Obligation	Counterparty		Fixed Rate Receivable			Payment Frequency		Maturity Date		Implied Credit Spread at July 31, 2019 (S)			Notional Amount (T)			Value (U)				Premiums Paid (Received)				Net Unrealized Appreciation (Depreciation)
Petrobras Global Finance BV, 8.38%, 12/10/2018		GSI		1.00	%		Quarterly		12/20/2019		0.16	%		USD	400,000		$	1,572			$	(3,214	)		$	4,786
Republic of South Africa Government International Bond, 5.50%, 03/09/2020		GSI		1.00			Quarterly		06/20/2024		1.73			USD	1,900,000			(61,007	)			(73,988	)			12,981
Russia Foreign Bond - Eurobond, 7.50%, 03/31/2030		GSI		1.00			Quarterly		06/20/2024		0.99			USD	1,700,000			2,839				(25,329	)			28,168
Total																	$	(56,596	)		$	(102,531	)		$	45,935

Credit Default Swap Agreements on Credit Indices – Sell Protection ^(R)

Reference Obligation	Counterparty		Fixed Rate Receivable			Payment Frequency		Maturity Date		Notional Amount (T)			Value (U)			Premiums Paid (Received)				Net Unrealized Appreciation (Depreciation)
North America CMBS Basket Index - Series AAA9		MLI		0.50	%		Monthly		09/17/2058		USD	3,600,000		$	29,213		$	(135,556	)		$	164,769

	Value
OTC Swap Agreements, at value (Assets)		$	33,624
OTC Swap Agreements, at value (Liabilities)		$	(61,007	)

FUTURES CONTRACTS:

Long Futures Contracts:

Description	Number of Contracts		Expiration Date		Notional Amount			Value			Unrealized Appreciation			Unrealized Depreciation
5-Year U.S. Treasury Note		858		09/30/2019		$	100,436,969		$	100,861,922		$	424,953		$	—
10-Year U.S. Treasury Note		605		09/19/2019			76,329,520			77,090,235			760,715			—
30-Year U.S. Treasury Bond		37		09/19/2019			5,725,218			5,756,969			31,751			—
Euro-BTP Italy Government Bond		56		09/06/2019			8,625,070			8,667,105			42,035			—

The notes are an integral part of this report. Transamerica Funds Page    15

Transamerica Total Return

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

FUTURES CONTRACTS (continued):

Long Futures Contracts (continued):

Description	Number of Contracts		Expiration Date		Notional Amount			Value			Unrealized Appreciation			Unrealized Depreciation
OTC Call Options Exercise Price EUR 178.00 on German Euro Bund Futures		32		08/23/2019		$	372		$	354		$	—		$	(18	)
OTC Put Options Exercise Price EUR 151.50 on German Euro Bund Futures		61		08/23/2019			710			675			—			(35	)
Total												$	1,259,454		$	(53	)

Short Futures Contracts:

Description	Number of Contracts			Expiration Date		Notional Amount				Value				Unrealized Appreciation			Unrealized Depreciation
3-Year Australia Treasury Bond		(35	)		09/16/2019		$	(2,748,769	)		$	(2,763,230	)		$	—		$	(14,461	)
10-Year Australia Treasury Bond		(318	)		09/16/2019			(31,051,191	)			(31,580,541	)			—			(529,350	)
10-Year Canada Government Bond		(46	)		09/19/2019			(4,912,570	)			(4,960,039	)			—			(47,469	)
10-Year Japan Government Bond		(6	)		09/12/2019			(8,461,420	)			(8,482,397	)			—			(20,977	)
Euro OAT Index		(147	)		09/06/2019			(26,269,793	)			(27,213,182	)			—			(943,389	)
German Euro BUXL		(25	)		09/06/2019			(5,422,881	)			(5,783,524	)			—			(360,643	)
OTC Put Options Exercise Price EUR 170.00 on German Euro Bund Futures		(96	)		08/23/2019			(50,189	)			(1,063	)			49,126			—
OTC Put Options Exercise Price EUR 171.00 on German Euro Bund Futures		(40	)		08/23/2019			(21,040	)			(886	)			20,154			—
OTC Put Options Exercise Price EUR 173.50 on German Euro Bund Futures		(44	)		08/23/2019			(12,666	)			(7,793	)			4,873			—
U.K. Gilt		(36	)		09/26/2019			(5,659,790	)			(5,815,243	)			—			(155,453	)
Total															$	74,153		$	(2,071,742	)
Total Futures Contracts															$	1,333,607		$	(2,071,795	)

FORWARD FOREIGN CURRENCY CONTRACTS:

Counterparty	Settlement Date	Currency Purchased		Currency Sold		Unrealized Appreciation		Unrealized Depreciation
BNP	08/02/2019	USD	4,520,598	AUD	6,547,000	$	43,077	$	—
BNP	08/02/2019	CHF	5,561,000	USD	5,645,439		—		(52,937	)
BNP	08/02/2019	GBP	5,743,000	USD	7,295,315		—		(310,598	)
BNP	08/14/2019	MXN	13,290,094	USD	677,731		14,080		—
BNP	08/15/2019	JPY	1,159,100,000	USD	10,673,191		15,640		(22,345	)
BNP	08/15/2019	GBP	1,089,000	USD	1,387,750		—		(62,414	)
BNP	09/03/2019	AUD	6,547,000	USD	4,525,389		—		(42,534	)
BNP	10/02/2019	USD	2,420,352	BRL	9,200,000		21,689		—
BNP	01/03/2020	USD	6,679,190	BRL	25,600,000		48,117		—
BNP	04/02/2020	USD	9,056,036	BRL	37,300,000		—		(546,686	)
BOA	08/02/2019	USD	6,992,347	GBP	5,743,000		7,630		—
BOA	09/03/2019	GBP	5,743,000	USD	7,003,244		—		(7,257	)
CITI	08/02/2019	USD	1,963,681	AUD	2,803,000		46,698		—
CITI	08/02/2019	USD	30,766,553	EUR	27,058,000		808,544		—
CITI	08/02/2019	EUR	8,853,000	USD	9,954,791		—		(152,948	)
CITI	08/14/2019	USD	676,196	MXN	13,290,094		—		(15,614	)
CITI	08/15/2019	USD	22,719,302	GBP	17,692,000		1,187,766		—
CITI	08/15/2019	USD	2,734,376	JPY	297,800,000		—		(6,094	)
CITI	08/15/2019	JPY	371,200,000	USD	3,439,425		—		(23,500	)
CITI	08/15/2019	GBP	9,759,000	USD	12,389,283		—		(512,375	)
CITI	09/03/2019	USD	2,034,063	EUR	1,820,000		13,704		—
CITI	04/02/2020	USD	4,561,889	BRL	18,800,000		—		(278,089	)
GSB	09/24/2019	USD	3,283,967	JPY	350,000,000		53,315		—
GSB	10/16/2019	MXN	172,000	USD	8,795		65		—
HSBC	08/02/2019	USD	8,649,123	CHF	8,583,000		17,502		—
HSBC	08/02/2019	EUR	23,689,000	USD	26,391,915		—		(163,987	)
HSBC	09/03/2019	USD	26,459,286	EUR	23,689,000		162,438		—
HSBC	09/03/2019	CHF	8,583,000	USD	8,673,859		—		(16,710	)
HSBC	10/09/2019	USD	8,780	MXN	172,000		—		(91	)
HSBC	10/09/2019	MXN	172,000	USD	8,795		76		—
HSBC	10/16/2019	USD	8,785	MXN	172,000		—		(75	)
JPM	08/02/2019	USD	315,353	AUD	455,000		4,177		—
JPM	08/02/2019	USD	9,040,739	EUR	8,033,000		146,781		—
JPM	08/02/2019	CHF	3,022,000	USD	3,068,997		—		(29,879	)

The notes are an integral part of this report. Transamerica Funds Page    16

Transamerica Total Return

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

FORWARD FOREIGN CURRENCY CONTRACTS (continued):

Counterparty	Settlement Date		Currency Purchased		Currency Sold		Unrealized Appreciation		Unrealized Depreciation
JPM		08/02/2019	CAD	3,912,000	USD	2,998,882	$	—	$	(34,681	)
JPM		08/14/2019	USD	13,612	MXN	270,000		—		(443	)
JPM		08/15/2019	USD	9,040,879	GBP	7,000,000		521,733		—
JPM		08/15/2019	USD	6,360,348	JPY	691,900,000		—		(6,783	)
JPM		08/15/2019	JPY	2,037,300,000	USD	18,964,597		—		(216,576	)
JPM		10/02/2019	USD	1,867,291	BRL	7,100,000		16,149		—
JPM		01/03/2020	BRL	25,600,000	USD	6,735,880		—		(104,807	)
SCB		08/02/2019	AUD	9,805,000	USD	6,903,994		—		(198,312	)
UBS		08/26/2019	USD	14,456,123	JPY	1,570,000,000		—		(4,199	)
Total							$	3,129,181	$	(2,809,934	)

SECURITY VALUATION:

Valuation Inputs ^(V)

	Level 1 - Unadjusted Quoted Prices			Level 2 - Other Significant Observable Inputs			Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Asset-Backed Securities	$	—		$	90,186,398		$	—	$	90,186,398
Certificates of Deposit		—			5,700,000			—		5,700,000
Corporate Debt Securities		—			373,926,453			—		373,926,453
Foreign Government Obligations		—			45,448,845			—		45,448,845
Mortgage-Backed Securities		—			47,744,810			—		47,744,810
Municipal Government Obligations		—			4,096,503			—		4,096,503
U.S. Government Agency Obligations		—			281,792,688			—		281,792,688
U.S. Government Obligations		—			250,409,731			—		250,409,731
Common Stock		434			—			—		434
Short-Term Foreign Government Obligations		—			17,650,177			—		17,650,177
Other Investment Company		7,905,235			—			—		7,905,235
Repurchase Agreement		—			1,354,076			—		1,354,076
Exchange-Traded Options Purchased		1,548			—			—		1,548
Over-the-Counter Interest Rate Swaptions Purchased		—			349			—		349
Total Investments	$	7,907,217		$	1,118,310,030		$	—	$	1,126,217,247
Other Financial Instruments
Centrally Cleared Credit Default Swap Agreements	$	—		$	639,265		$	—	$	639,265
Centrally Cleared Interest Rate Swap Agreements		—			2,601,258			—		2,601,258
Over-the-Counter Credit Default Swap Agreements		—			33,624			—		33,624
Futures Contracts (W)		1,333,607			—			—		1,333,607
Forward Foreign Currency Contracts (W)		—			3,129,181			—		3,129,181
Total Other Financial Instruments	$	1,333,607		$	6,403,328		$	—	$	7,736,935
LIABILITIES
Other Financial Instruments
Reverse Repurchase Agreements	$	—		$	(196,285,932	)	$	—	$	(196,285,932	)
Over-the-Counter Credit Default Swaptions Written		—			(1	)		—		(1	)
Over-the-Counter Interest Rate Swaptions Written		—			(200	)		—		(200	)
Centrally Cleared Credit Default Swap Agreements		—			(1,082,410	)		—		(1,082,410	)
Centrally Cleared Interest Rate Swap Agreements		—			(6,154,812	)		—		(6,154,812	)
Over-the-Counter Credit Default Swap Agreements		—			(61,007	)		—		(61,007	)
Futures Contracts (W)		(2,071,795	)		—			—		(2,071,795	)
Forward Foreign Currency Contracts (W)		—			(2,809,934	)		—		(2,809,934	)
Total Other Financial Instruments	$	(2,071,795	)	$	(206,394,296	)	$	—	$	(208,466,091	)

Transfers

Investments	Transfers from Level 1 to Level 3		Transfers from Level 3 to Level 1		Transfers from Level 2 to Level 3		Transfers from Level 3 to Level 2
Asset-Backed Securities (C)	$	—	$	—	$	—	$	4,202,736

The notes are an integral part of this report. Transamerica Funds Page    17

Transamerica Total Return

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	Floating or variable rate securities. The rates disclosed are as of July 31, 2019. For securities based on a published reference rate and spread, the reference rate and spread are indicated within the description. Variable rate securities with a floor or ceiling feature are disclosed at the inherent rate, where applicable. Certain variable rate securities are not based on a published reference rate and spread, but are determined by the issuer or agent and are based on current market conditions; these securities do not indicate a reference rate and spread in the description.
(B)	Securities are registered pursuant to Rule 144A of the Securities Act of 1933. Unless otherwise indicated, the securities are deemed to be liquid for purposes of compliance limitations on holdings of illiquid securities and may be resold as transactions exempt from registration, normally to qualified institutional buyers. At July 31, 2019, the total value of 144A securities is $191,971,475, representing 27.9% of the Fund’s net assets.
(C)	Transferred from Level 3 to 2 due to utilizing significant observable inputs. As of prior reporting period the security utilized significant unobservable inputs.
(D)	Securities are exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside the United States. Securities may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933. At July 31, 2019, the total value of Regulation S securities is $27,946,494, representing 4.1% 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 $7,742,508. 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)	Payment in-kind. Security pays interest or dividends in the form of additional bonds or preferred stock. If the security makes a cash payment in addition to in-kind, the cash rate is disclosed separately.
(H)	Percentage rounds to less than 0.1% or (0.1)%.
(I)	When-issued, delayed-delivery and/or forward commitment (including TBAs) securities. Securities to be settled and delivered after July 31, 2019. Securities may display a coupon rate of 0.00%, as the rate is to be determined at time of settlement.
(J)	Fair valued as determined in good faith in accordance with procedures established by the Board. At July 31, 2019, the value of the security is $8,026,258, representing 1.2% of the Fund’s net assets.
(K)	Securities are subject to sale-buyback transactions.
(L)	All or a portion of these securities have been segregated by the custodian as collateral for open over-the-counter swaptions, swap agreements and forward foreign currency contracts. The total value of such securities is $770,629.
(M)	All or a portion of these securities have been segregated by the custodian as collateral to cover margin requirements for open futures contracts. The total value of such securities is $1,910,023.
(N)	All or a portion of these securities have been segregated by the custodian as collateral for centrally cleared swap agreements. The total value of such securities is $4,405,105.
(O)	Non-income producing security.
(P)	Rates disclosed reflect the yields at July 31, 2019.
(Q)	Percentage rounds to less than 0.01% or (0.01)%.
(R)	If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (a) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced obligation or (b) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap agreement less the recovery value of the referenced obligation or underlying securities comprising the referenced obligation.
(S)	Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues or sovereign issues of an emerging country as of period end serve as an indicator of the current status of the payment/performance risk and represent the likelihood of risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include the referenced entity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. A credit spread identified as “Defaulted” indicates a credit event has occurred for the referenced entity or obligation.
(T)	The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement.
(U)	The quoted market prices and resulting values for credit default swap agreements on asset-backed securities and credit indices serve as an indicator of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative had the notional amount of the swap agreement been closed/sold as of the period ended. Increasing market values, in absolute terms when compared to the notional amount of the swap agreement, represent a deterioration of the referenced entity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement.
(V)	The Fund recognizes transfers in and out of Level 3 as of July 31, 2019. Please reference the Security Valuation section of the Notes to Schedules of Investments for more information regarding security valuation and pricing inputs.
(W)	Futures contracts and/or forward foreign currency contracts are valued at unrealized appreciation (depreciation).

CURRENCY ABBREVIATIONS:

AUD	Australian Dollar
BRL	Brazilian Real
CAD	Canadian Dollar
CHF	Swiss Franc
EUR	Euro
GBP	Pound Sterling
JPY	Japanese Yen
MXN	Mexican Peso
PEN	Peruvian Sol
USD	United States Dollar

The notes are an integral part of this report. Transamerica Funds Page    18

Transamerica Total Return

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

COUNTERPARTY ABBREVIATIONS:

BNP	BNP Paribas
BOA	Bank of America, N.A.
CITI	Citibank, N.A.
GSB	Goldman Sachs Bank
GSI	Goldman Sachs International
HSBC	HSBC Bank USA
JPM	JPMorgan Chase Bank, N.A.
MLI	Merrill Lynch International
SCB	Standard Chartered Bank
UBS	UBS AG

PORTFOLIO ABBREVIATIONS:

BTP	Buoni del Tesoro Poliennali (Italian Treasury Bonds)
BUXL	Bundesanleihen (German Long-Term Debt)
CDOR	Canadian Dollar Offered Rate
CMBS	Commercial Mortgage-Backed Securities
CMT	Constant Maturity Treasury
EURIBOR	Euro Interbank Offer Rate
LIBOR	London Interbank Offered Rate
MTA	Month Treasury Average
MTN	Medium Term Note
OAT	Obligations Assimilables du Tresor (Treasury Obligations)
OTC	Over-the-Counter
SONIA	Sterling Overnight Interbank Average
STRIPS	Separate Trading of Registered Interest and Principal of Securities
TBA	To Be Announced

The notes are an integral part of this report. Transamerica Funds Page    19

Transamerica Unconstrained Bond

SCHEDULE OF INVESTMENTS

At July 31, 2019

(unaudited)

	Principal		Value
ASSET-BACKED SECURITIES - 19.5%
AIMCO CLO Trust
Series 2018-AA, Class B,
3-Month LIBOR + 1.40%, 3.70% (A), 04/17/2031 (B)		$  500,000		$  488,603
Series 2018-AA, Class D,
3-Month LIBOR + 2.55%, 4.85% (A), 04/17/2031 (B)		1,500,000		1,404,302
Ally Auto Receivables Trust
Series 2018-2, Class A3,
2.92%, 11/15/2022		1,050,000		1,056,102
American Express Credit Account Master Trust
Series 2017-1, Class A,
1.93%, 09/15/2022		2,000,000		1,995,451
Series 2017-6, Class A,
2.04%, 05/15/2023		1,000,000		998,141
Series 2018-4, Class A,
2.99%, 12/15/2023		1,425,000		1,445,644
Series 2018-5, Class A,
1-Month LIBOR + 0.34%, 2.67% (A), 12/15/2025		2,130,000		2,128,744
Series 2018-8, Class A,
3.18%, 04/15/2024		2,046,000		2,091,544
Series 2019-1, Class A,
2.87%, 10/15/2024		1,450,000		1,477,388
Series 2019-2, Class A,
2.67%, 11/15/2024		2,000,000		2,028,239
AmeriCredit Automobile Receivables Trust
Series 2019-1, Class A3,
2.97%, 11/20/2023		1,880,000		1,901,770
Ares XXXIIR CLO, Ltd.
Series 2014-32RA, Class E,
3-Month LIBOR + 8.40%, 10.92% (A), 05/15/2030 (B)		3,400,000		3,077,354
Ares XXXVII CLO, Ltd.
Series 2015-4A, Class ER,
3-Month LIBOR + 7.27%, 9.57% (A), 10/15/2030 (B)		4,000,000		3,449,804
Avery Point VI CLO, Ltd.
Series 2015-6A, Class F,
3-Month LIBOR + 6.80%, 9.37% (A), 08/05/2027 (B)		2,000,000		1,764,542
Avis Budget Rental Car Funding AESOP LLC
Series 2015-1A, Class A,
2.50%, 07/20/2021 (B)		2,000,000		1,998,527
BA Credit Card Trust
Series 2017-A2, Class A2,
1.84%, 01/17/2023		1,000,000		995,834
Series 2018-A1, Class A1,
2.70%, 07/17/2023		1,500,000		1,512,078
Series 2018-A2, Class A2,
3.00%, 09/15/2023		960,000		973,337
Benefit Street Partners CLO XVII, Ltd.
Series 2019-17A, Class B,
3-Month LIBOR + 1.85%, 4.18% (A), 07/15/2032 (B)		400,000		399,986

	Principal		Value
ASSET-BACKED SECURITIES (continued)
BMW Vehicle Lease Trust
Series 2019-1, Class A4,
2.92%, 08/22/2022		$   1,995,000		$   2,013,697
Capital One Multi-Asset Execution Trust
Series 2017-A4, Class A4,
1.99%, 07/17/2023		2,000,000		1,995,099
CarMax Auto Owner Trust
Series 2018-4, Class A3,
3.36%, 09/15/2023		570,000		581,215
Series 2019-2, Class A3,
2.68%, 03/15/2024		1,155,000		1,166,129
Series 2019-3, Class A3,
2.18%, 08/15/2024		2,000,000		1,997,709
Cedar Funding VII CLO, Ltd.
Series 2018-7A, Class C,
3-Month LIBOR + 1.75%, 4.03% (A), 01/20/2031 (B)		750,000		723,126
Series 2018-7A, Class D,
3-Month LIBOR + 2.55%, 4.83% (A), 01/20/2031 (B)		3,000,000		2,805,096
Citibank Credit Card Issuance Trust
Series 2017-A5, Class A5,
1-Month LIBOR + 0.62%, 2.89% (A), 04/22/2026		1,835,000		1,849,641
Series 2018-A1, Class A1,
2.49%, 01/20/2023		1,200,000		1,205,187
Series 2018-A6, Class A6,
3.21%, 12/07/2024		1,600,000		1,654,605
Series 2018-A7, Class A7,
3.96%, 10/13/2030		1,000,000		1,109,433
Discover Card Execution Note Trust
Series 2015-A4, Class A4,
2.19%, 04/17/2023		2,000,000		2,000,320
Series 2017-A1, Class A1,
1-Month LIBOR + 0.49%, 2.82% (A), 07/15/2024		1,000,000		1,006,569
Series 2019-A1, Class A1,
3.04%, 07/15/2024		3,040,000		3,105,306
Dryden 53 CLO, Ltd.
Series 2017-53A, Class B,
3-Month LIBOR + 1.40%, 3.70% (A), 01/15/2031 (B)		1,400,000		1,367,149
Dryden 55 CLO, Ltd.
Series 2018-55A, Class F,
3-Month LIBOR + 7.20%, 9.50% (A), 04/15/2031 (B)		3,000,000		2,580,711
Elm CLO, Ltd.
Series 2014-1A, Class CRR,
3-Month LIBOR + 2.35%, 4.65% (A), 01/17/2029 (B)		1,000,000		999,981
Ford Credit Auto Owner Trust
Series 2016-C, Class B,
1.73%, 03/15/2022		1,635,000		1,623,004
Series 2018-2, Class A,
3.47%, 01/15/2030 (B)		1,000,000		1,039,352
Ford Credit Floorplan Master Owner Trust
Series 2017-3, Class A,
2.48%, 09/15/2024		1,750,000		1,760,270
GM Financial Consumer Automobile Receivables Trust
Series 2017-3A, Class A4,
2.13%, 03/16/2023 (B)		300,000		298,998
Series 2019-3, Class A3,
2.18%, 04/16/2024		1,500,000		1,498,708

The notes are an integral part of this report. Transamerica Funds Page    1

Transamerica Unconstrained Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
ASSET-BACKED SECURITIES (continued)
Greenwood Park CLO, Ltd.
Series 2018-1A, Class E,
3-Month LIBOR + 4.95%, 7.74% (A), 04/15/2031 (B)		$   1,500,000		$   1,359,966
Hayfin Kingsland VIII, Ltd.
Series 2018-8A, Class A,
3-Month LIBOR + 1.12%, 3.88% (A), 04/20/2031 (B)		650,000		646,495
Series 2018-8A, Class B,
3-Month LIBOR + 1.48%, 4.24% (A), 04/20/2031 (B)		725,000		709,618
Honda Auto Receivables Owner Trust
Series 2019-1, Class A3,
2.83%, 03/20/2023		1,120,000		1,134,744
Series 2019-2, Class A4,
2.54%, 03/21/2025		2,000,000		2,018,337
HPS Loan Management, Ltd.
Series 15A-19, Class B,
0.00% (A), 07/22/2032 (B) (C)		1,000,000		1,000,000
Madison Park Funding XXX, Ltd.
Series 2018-30A, Class C,
3-Month LIBOR + 1.70%, 4.00% (A), 04/15/2029 (B)		475,000		460,766
Magnetite VIII, Ltd.
Series 2014-8A, Class FR2,
3-Month LIBOR + 7.44%, 9.74% (A), 04/15/2031 (B)		2,000,000		1,795,316
Marble Point CLO, Ltd.
Series 2018-2A, Class A1,
3-Month LIBOR + 1.33%, 3.61% (A), 01/20/2032 (B)		4,750,000		4,760,122
Mariner CLO 5, Ltd.
Series 2018-5A, Class E,
3-Month LIBOR + 5.65%, 7.93% (A), 04/25/2031 (B)		4,000,000		3,760,364
Mariner CLO LLC
Series 2015-1A, Class CR,
3-Month LIBOR + 2.50%, 4.78% (A), 04/20/2029 (B)		3,000,000		2,999,961
Mercedes-Benz Auto Lease Trust
Series 2018-B, Class A4,
3.31%, 07/15/2024		2,619,000		2,659,970
Series 2019-A, Class A4,
3.25%, 10/15/2024		313,000		318,009
Mercedes-Benz Auto Receivables Trust
Series 2016-1, Class A4,
1.46%, 12/15/2022		2,000,000		1,985,854
Nissan Auto Receivables Owner Trust
Series 2017-A, Class A4,
2.11%, 05/15/2023		1,000,000		997,852
Series 2017-B, Class A4,
1.95%, 10/16/2023		1,000,000		995,187
Series 2017-C, Class A3,
2.12%, 04/18/2022		1,000,000		998,755
Series 2018-A, Class A3,
2.65%, 05/16/2022		2,000,000		2,006,842
Ocean Trails CLO VII
Series 2019-7A, Class A1,
3-Month LIBOR + 1.40%, 3.94% (A), 04/17/2030 (B)		3,600,000		3,599,744

	Principal		Value
ASSET-BACKED SECURITIES (continued)
Octagon Investment Partners 18-R, Ltd.
Series 2018-18A, Class E,
3-Month LIBOR + 8.25%, 10.57% (A), 04/16/2031 (B)		$   1,625,000		$   1,498,832
OHA Credit Funding 3, Ltd.
Series 2019-3A, Class B1,
3-Month LIBOR + 1.80%, 4.43% (A), 07/20/2032 (B)		1,500,000		1,499,904
Post CLO, Ltd.
Series 2018-1A, Class C,
3-Month LIBOR + 2.00%, 4.32% (A), 04/16/2031 (B)		3,075,000		2,966,290
Southwick Park CLO LLC
Series 2019-4A, Class A1,
0.00% (A), 07/20/2032 (B) (C)		2,500,000		2,500,000
Stewart Park CLO, Ltd.
Series 2015-1A, Class ER,
3-Month LIBOR + 5.28%, 7.58% (A), 01/15/2030 (B)		3,500,000		3,209,175
Synchrony Credit Card Master Note Trust
Series 2016-2, Class A,
2.21%, 05/15/2024		2,000,000		1,996,952
TCW CLO, Ltd.
Series 2018-1A, Class D,
3-Month LIBOR + 2.91%, 5.19% (A), 04/25/2031 (B)		500,000		475,977
Toyota Auto Receivables Owner Trust
Series 2018-B, Class A3,
2.96%, 09/15/2022		1,000,000		1,011,100
Series 2018-C, Class A4,
3.13%, 02/15/2024		900,000		920,404
Series 2019-B, Class A3,
2.57%, 08/15/2023		2,350,000		2,369,791
Verizon Owner Trust
Series 2018-1A, Class C,
3.20%, 09/20/2022 (B)		1,200,000		1,213,938
Voya CLO, Ltd.
Series 2018-1A, Class B,
3-Month LIBOR + 1.80%, 4.10% (A), 04/19/2031 (B)		750,000		719,077
Whitebox CLO, Ltd.
Series 2019-1A, Class ANA,
0.00% (A), 07/24/2032 (B) (C)		6,000,000		5,999,994
World Financial Network Credit Card Master Trust
Series 2019-B, Class A,
2.49%, 04/15/2026		1,400,000		1,407,131
York CLO, Ltd.
Series 2015-1A, Class AR,
3-Month LIBOR + 1.15%, 3.43% (A), 01/22/2031 (B)		5,000,000		4,967,575
Total Asset-Backed Securities (Cost $134,219,828)				132,532,737
CORPORATE DEBT SECURITIES - 46.3%
Aerospace & Defense - 0.3%
BAE Systems Holdings, Inc.
3.85%, 12/15/2025 (B)		368,000		384,901

The notes are an integral part of this report. Transamerica Funds Page    2

Transamerica Unconstrained Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Aerospace & Defense (continued)
L3 Harris Technologies, Inc.
2.70%, 04/27/2020		$   455,000		$   455,556
Lockheed Martin Corp.
3.10%, 01/15/2023		867,000		890,124
Textron, Inc.
3.90%, 09/17/2029		267,000		279,481
				2,010,062
Auto Components - 0.0% (D)
Delphi Technologies PLC
5.00%, 10/01/2025 (B)		250,000		219,375
Banks - 14.2%
ADCB Finance Cayman, Ltd.
4.00%, 03/29/2023, MTN (E)		1,600,000		1,672,416
Australia & New Zealand Banking Group, Ltd.
Fixed until 06/15/2026 (F), 6.75% (A) (B) (G)		563,000		620,707
Banco Bilbao Vizcaya Argentaria SA
1.38%, 05/14/2025, MTN (E)		EUR  700,000		823,688
Fixed until 11/16/2027 (F), 6.13% (A)		$  1,200,000		1,132,500
Banco de Credito e Inversiones SA
3.50%, 10/12/2027 (E)		1,500,000		1,537,515
Banco Internacional del Peru SAA Interbank
3.38%, 01/18/2023, MTN (E)		1,000,000		1,008,500
Banco Mercantil del Norte SA
Fixed until 06/27/2029 (F), 7.50% (A) (B)		600,000		605,400
Banco Santander SA
3.31%, 06/27/2029		200,000		202,107
Bank of America Corp.
2.63%, 04/19/2021, MTN		1,120,000		1,125,266
3-Month LIBOR + 0.38%, 2.64% (A), 01/23/2022		1,000,000		999,062
3-Month LIBOR + 1.16%, 3.44% (A), 01/20/2023, MTN		2,000,000		2,024,546
Fixed until 04/24/2027, 3.71% (A), 04/24/2028		263,000		276,388
Fixed until 07/23/2023, 3.86% (A), 07/23/2024, MTN		270,000		283,077
Bank of America NA
Fixed until 01/25/2022, 3.34% (A), 01/25/2023		282,000		288,218
BankUnited, Inc.
4.88%, 11/17/2025		242,000		262,119
Barclays PLC
Fixed until 06/20/2029, 5.09% (A), 06/20/2030		217,000		219,538
Fixed until 09/15/2023 (F), 7.75% (A)		3,150,000		3,209,062
Fixed until 06/15/2024 (F), 8.00% (A)		2,963,000		3,112,039
BNP Paribas SA
Fixed until 01/10/2024, 4.71% (A), 01/10/2025 (B)		1,042,000		1,116,231
Fixed until 03/14/2022 (F), 6.75% (A) (B)		3,305,000		3,453,725
Fixed until 08/16/2028 (F), 7.00% (A) (B) (G)		1,410,000		1,521,912
Fixed until 03/30/2021 (F), 7.63% (A) (B)		400,000		421,512
Canadian Imperial Bank of Commerce
3-Month LIBOR + 0.32%, 2.58% (A), 02/02/2021		2,500,000		2,502,712
Citibank NA
3-Month LIBOR + 0.26%, 2.66% (A), 09/18/2019		1,000,000		1,000,364

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Banks (continued)
Citigroup, Inc.
3-Month LIBOR + 1.19%, 3.46% (A), 08/02/2021		$   1,000,000		$   1,014,660
3-Month LIBOR + 1.07%, 3.52% (A), 12/08/2021		1,000,000		1,012,336
Fixed until 06/01/2023, 4.04% (A), 06/01/2024		408,000		428,709
4.45%, 09/29/2027		227,000		244,743
Citizens Bank NA
2.25%, 03/02/2020		300,000		299,500
Citizens Financial Group, Inc.
4.30%, 12/03/2025		131,000		138,267
Construction Bank Corp.
Fixed until 05/13/2020, 3.88% (A), 05/13/2025 (E)		1,500,000		1,507,034
Credit Agricole SA
Fixed until 01/23/2024 (F), 7.88% (A) (B) (G)		4,000,000		4,415,000
Fixed until 12/23/2025 (F), 8.13% (A) (B)		1,553,000		1,799,539
Danske Bank A/S
3.88%, 09/12/2023 (B)		200,000		205,726
5.38%, 01/12/2024 (B)		210,000		228,593
DBS Group Holdings, Ltd.
2.85%, 04/16/2022 (B)		202,000		204,028
Fifth Third Bancorp
2.88%, 07/27/2020		741,000		743,934
First Abu Dhabi Bank PJSC
3.00%, 03/30/2022, MTN (E)		1,300,000		1,313,000
HSBC Holdings PLC
3.40%, 03/08/2021		283,000		286,885
Fixed until 03/11/2024, 3.80% (A), 03/11/2025		600,000		621,098
Fixed until 05/22/2027 (F), 6.00% (A)		200,000		201,250
Fixed until 03/30/2025 (F), 6.38% (A)		3,000,000		3,159,000
ING Groep NV
Fixed until 04/16/2025 (F), 6.50% (A) (G)		1,500,000		1,566,750
JPMorgan Chase & Co.
2.30%, 08/15/2021, MTN		314,000		313,292
2.55%, 10/29/2020		743,000		744,367
3-Month LIBOR + 0.55%, 3.00% (A), 03/09/2021		3,000,000		3,003,347
Fixed until 04/01/2022, 3.21% (A), 04/01/2023		623,000		633,845
3-Month LIBOR + 3.47%, 5.74% (A), 10/30/2019 (F)		3,368,000		3,384,840
Kreditanstalt fuer Wiederaufbau
1.63%, 03/15/2021		422,000		419,532
Lloyds Banking Group PLC
Fixed until 06/27/2026 (F), 6.75% (A)		1,881,000		1,932,727
Fixed until 06/27/2024 (F), 7.50% (A)		3,300,000		3,458,895
Malayan Banking Bhd.
Fixed until 10/29/2021, 3.91% (A), 10/29/2026 (E)		1,200,000		1,214,628
Mitsubishi UFJ Financial Group, Inc.
3.41%, 03/07/2024		689,000		711,654
Mizuho Financial Group, Inc.
Fixed until 07/16/2029, 3.15% (A), 07/16/2030		210,000		212,111
Fixed until 09/11/2023, 3.92% (A), 09/11/2024		394,000		412,726
National Australia Bank, Ltd.
3-Month LIBOR + 1.00%, 3.34% (A), 07/12/2021(B)		1,300,000		1,317,570
Fixed until 08/02/2029, 3.93% (A), 08/02/2034 (B) (C)		200,000		200,872
NatWest Markets PLC
3.63%, 09/29/2022 (B)		592,000		600,107
Nordea Bank Abp
Fixed until 03/26/2026 (F), 6.63% (A) (B)		2,721,000		2,901,946

The notes are an integral part of this report. Transamerica Funds Page    3

Transamerica Unconstrained Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Banks (continued)
Oversea-Chinese Banking Corp., Ltd.
4.25%, 06/19/2024, MTN (E)		$   1,300,000		$   1,366,014
PNC Bank NA
3-Month LIBOR + 0.50%, 2.76% (A), 07/27/2022		1,700,000		1,703,629
Powszechna Kasa Oszczednosci Bank Polski SA Via PKO Finance AB
4.63%, 09/26/2022 (E)		1,250,000		1,315,330
QNB Finance, Ltd.
2.13%, 09/07/2021, MTN (E)		1,250,000		1,232,746
Royal Bank of Scotland Group PLC
Fixed until 03/02/2025, 1.75% (A), 03/02/2026, MTN (E)		EUR  675,000		764,426
Fixed until 03/22/2024, 4.27% (A), 03/22/2025		$  287,000		293,918
Fixed until 06/25/2023, 4.52% (A), 06/25/2024		200,000		207,911
Fixed until 08/15/2021 (F), 8.63% (A)		557,000		592,509
Shinhan Bank Co., Ltd.
3.88%, 03/24/2026, MTN (E)		1,700,000		1,753,834
Societe Generale SA
Fixed until 12/18/2023 (F), 7.88% (A) (B)		2,000,000		2,140,000
Standard Chartered PLC
Fixed until 04/02/2022 (F), 7.50% (A) (B) (G)		3,488,000		3,695,536
SunTrust Bank
3.20%, 04/01/2024		1,159,000		1,193,545
Fixed until 08/02/2021, 3.50% (A), 08/02/2022		153,000		155,772
UniCredit SpA
Fixed until 01/03/2022, 4.38% (A), 01/03/2027, MTN (E)		EUR  675,000		801,124
Fixed until 06/19/2027, 5.86% (A), 06/19/2032 (B)		$  200,000		201,250
Fixed until 04/02/2029, 7.30% (A), 04/02/2034 (B)		615,000		684,497
Union Bank of the Philippines
3.37%, 11/29/2022, MTN (E)		1,000,000		1,018,060
United Overseas Bank, Ltd.
Fixed until 09/16/2021, 3.50% (A), 09/16/2026, MTN (E)		1,300,000		1,309,373
Webster Financial Corp.
4.10%, 03/25/2029		402,000		421,129
Wells Fargo & Co.
Fixed until 06/17/2026, 3.20% (A), 06/17/2027, MTN		394,000		401,866
3-Month LIBOR + 1.11%, 3.39% (A), 01/24/2023		2,000,000		2,027,601
3.55%, 09/29/2025, MTN		968,000		1,009,554
4.30%, 07/22/2027, MTN		498,000		537,213
Westpac Banking Corp.
Fixed until 07/24/2029, 4.11% (A), 07/24/2034		146,000		149,183
Woori Bank
5.13%, 08/06/2028, MTN (E)		1,300,000		1,446,036
				96,693,171
Beverages - 0.2%
Anheuser-Busch InBev Worldwide, Inc.
4.75%, 01/23/2029		189,000		215,298
Constellation Brands, Inc.
3.15%, 08/01/2029		252,000		251,625

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Beverages (continued)
Heineken NV
3.50%, 01/29/2028 (B)		$   529,000		$   551,282
Keurig Dr. Pepper, Inc.
4.42%, 05/25/2025		312,000		335,118
				1,353,323
Biotechnology - 0.1%
Celgene Corp.
3.25%, 02/20/2023		750,000		767,890
3.63%, 05/15/2024		88,000		91,684
				859,574
Building Products - 0.1%
Owens Corning
3.95%, 08/15/2029 (C)		142,000		141,695
Standard Industries, Inc.
6.00%, 10/15/2025 (B)		375,000		394,219
				535,914
Capital Markets - 3.7%
Ameriprise Financial, Inc.
3.00%, 03/22/2022		243,000		246,589
Charles Schwab Corp.
3.85%, 05/21/2025		563,000		600,758
Credit Suisse Group AG
Fixed until 07/17/2024, 1.25% (A), 07/17/2025, MTN (E)		EUR  675,000		780,200
Fixed until 07/17/2023 (F), 7.50% (A) (B)		$  1,745,000		1,854,063
Fixed until 12/11/2023 (F), 7.50% (A) (B)		1,700,000		1,875,100
Deutsche Bank AG
3-Month LIBOR + 1.23%, 3.75% (A), 02/27/2023		2,500,000		2,409,330
4.25%, 02/04/2021		151,000		152,678
Donnelley Financial Solutions, Inc.
8.25%, 10/15/2024		234,000		243,360
FS Energy & Power Fund
7.50%, 08/15/2023 (B)		265,000		270,300
Goldman Sachs Group, Inc.
2.00%, 11/01/2028, MTN (E)		EUR  675,000		836,036
2.35%, 11/15/2021		$  1,087,000		1,083,017
3-Month LIBOR + 1.16%, 3.42% (A), 04/23/2020		2,000,000		2,011,386
3-Month LIBOR + 1.36%, 3.64% (A), 04/23/2021		1,000,000		1,015,349
Fixed until 06/05/2027, 3.69% (A), 06/05/2028		162,000		168,404
4.25%, 10/21/2025		280,000		297,878
Morgan Stanley
3-Month LIBOR + 0.55%, 3.10% (A), 02/10/2021, MTN		3,000,000		3,002,982
3.63%, 01/20/2027		649,000		678,214
5.50%, 07/24/2020, MTN		346,000		355,872
SURA Asset Management SA
4.88%, 04/17/2024 (E)		1,550,000		1,648,828
UBS AG
3-Month LIBOR + 0.85%, 3.37% (A), 06/01/2020		1,700,000		1,710,748
UBS Group Funding Switzerland AG
2.65%, 02/01/2022 (B)		800,000		803,402
Fixed until 01/31/2024 (F), 7.00% (A) (B)		3,225,000		3,402,375
				25,446,869

The notes are an integral part of this report. Transamerica Funds Page    4

Transamerica Unconstrained Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Chemicals - 1.0%
Chevron Phillips Chemical Co. LLC / Chevron Phillips Chemical Co., LP
3.30%, 05/01/2023 (B)		$   132,000		$   134,878
CNAC Finbridge Co., Ltd.
4.88%, 03/14/2025 (E)		1,300,000		1,394,771
Consolidated Energy Finance SA
6.88%, 06/15/2025 (B)		275,000		280,156
Dow Chemical Co.
4.80%, 11/30/2028 (B)		209,000		234,319
Ecolab, Inc.
2.38%, 08/10/2022		502,000		502,611
Equate Petrochemical BV
3.00%, 03/03/2022 (E)		1,700,000		1,703,539
Huntsman International LLC
4.50%, 05/01/2029		200,000		206,063
Neon Holdings, Inc.
10.13%, 04/01/2026 (B)		244,000		233,630
NOVA Chemicals Corp.
5.00%, 05/01/2025 (B)		207,000		213,210
Praxair, Inc.
2.25%, 09/24/2020 (G)		385,000		384,987
Rayonier AM Products, Inc.
5.50%, 06/01/2024 (B)		345,000		276,000
Sasol Financing LLC
6.50%, 09/27/2028		1,400,000		1,575,967
				7,140,131
Commercial Services & Supplies - 0.2%
Capitol Investment Merger Sub 2 LLC
10.00%, 08/01/2024 (B)		113,000		116,390
Clean Harbors, Inc.
4.88%, 07/15/2027 (B)		192,000		197,520
Garda World Security Corp.
8.75%, 05/15/2025 (B)		305,000		311,863
Herc Holdings, Inc.
5.50%, 07/15/2027 (B)		216,000		216,270
Prime Security Services Borrower LLC / Prime Finance, Inc.
5.25%, 04/15/2024 (B)		350,000		357,007
				1,199,050
Construction & Engineering - 0.1%
ABB Finance, Inc.
3.38%, 04/03/2023		289,000		297,925
Tutor Perini Corp.
6.88%, 05/01/2025 (B)		235,000		230,594
				528,519
Consumer Finance - 2.7%
Altice Financing SA
7.50%, 05/15/2026 (B)		600,000		628,500
American Express Co.
3-Month LIBOR + 0.65%, 3.17% (A), 02/27/2023		1,500,000		1,503,245
3.40%, 02/22/2024		171,000		177,250
4.20%, 11/06/2025		144,000		156,600
BMW Capital LLC
3-Month LIBOR + 0.38%, 2.68% (A), 04/06/2020 (B)		1,000,000		1,001,757
3-Month LIBOR + 0.41%, 2.75% (A), 04/12/2021 (B)		1,000,000		1,001,455
3.10%, 04/12/2021 (B)		413,000		417,053

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Consumer Finance (continued)
Capital One NA
3-Month LIBOR + 1.15%, 3.42% (A), 01/30/2023		$   1,454,000		$   1,469,957
Daimler Finance North America LLC
2.00%, 07/06/2021 (B)		364,000		360,288
3-Month LIBOR + 0.62%, 2.89% (A), 10/30/2019 (B)		2,500,000		2,502,885
3-Month LIBOR + 0.45%, 2.97% (A), 02/22/2021 (B)		1,500,000		1,500,213
Enova International, Inc.
8.50%, 09/15/2025 (B)		203,000		195,388
Ford Motor Credit Co. LLC
2.39%, 02/17/2026		EUR  675,000		763,458
3.10%, 05/04/2023		$  427,000		421,686
3-Month LIBOR + 0.93%, 3.50% (A), 11/04/2019		1,000,000		1,000,906
General Motors Financial Co., Inc.
3.20%, 07/06/2021		618,000		622,970
3-Month LIBOR + 0.93%, 3.23% (A), 04/13/2020		1,000,000		1,002,618
3.70%, 05/09/2023		294,000		299,688
Hyundai Capital America
3.40%, 06/20/2024 (B)		345,000		346,672
John Deere Capital Corp.
2.35%, 01/08/2021, MTN		202,000		202,652
2.80%, 07/18/2029, MTN		138,000		138,869
2.95%, 04/01/2022, MTN		388,000		394,312
3.45%, 01/10/2024, MTN		273,000		285,235
3.65%, 10/12/2023		106,000		111,750
Navient Corp.
5.63%, 08/01/2033, MTN		389,000		324,815
Springleaf Finance Corp.
6.88%, 03/15/2025		300,000		335,574
Synchrony Financial
2.85%, 07/25/2022		84,000		84,039
4.25%, 08/15/2024		347,000		363,475
4.38%, 03/19/2024		141,000		148,475
Toyota Motor Credit Corp.
3.45%, 09/20/2023, MTN		299,000		312,900
				18,074,685
Containers & Packaging - 0.2%
Avery Dennison Corp.
4.88%, 12/06/2028		90,000		100,374
Crown Cork & Seal Co., Inc.
7.38%, 12/15/2026		168,000		197,400
Intertape Polymer Group, Inc.
7.00%, 10/15/2026 (B)		315,000		326,025
Owens-Brockway Glass Container, Inc.
5.38%, 01/15/2025 (B)		375,000		390,000
Sealed Air Corp.
5.13%, 12/01/2024 (B)		159,000		169,335
Silgan Holdings, Inc.
4.75%, 03/15/2025		375,000		380,625
				1,563,759
Distributors - 0.1%
Anixter, Inc.
6.00%, 12/01/2025		383,000		417,470
Ingram Micro, Inc.
5.45%, 12/15/2024		386,000		397,193
				814,663

The notes are an integral part of this report. Transamerica Funds Page    5

Transamerica Unconstrained Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Diversified Financial Services - 0.5%
Fairstone Financial, Inc.
7.88%, 07/15/2024 (B)		$   307,000		$   316,210
GE Capital International Funding Unlimited Co.
3.37%, 11/15/2025		551,000		561,435
Jefferies Group LLC / Jefferies Group Capital Finance, Inc.
4.15%, 01/23/2030		147,000		146,503
National Rural Utilities Cooperative Finance Corp.
2.85%, 01/27/2025		646,000		660,042
Fixed until 04/30/2023, 4.75% (A), 04/30/2043		636,000		636,000
Quicken Loans, Inc.
5.75%, 05/01/2025 (B)		380,000		392,396
USAA Capital Corp.
2.63%, 06/01/2021, MTN (B)		217,000		218,500
Voya Financial, Inc.
Fixed until 01/23/2028, 4.70% (A), 01/23/2048		156,000		143,685
				3,074,771
Diversified Telecommunication Services - 1.0%
AT&T, Inc.
3.15%, 09/04/2036		EUR  675,000		902,677
3.40%, 05/15/2025		$  1,179,000		1,212,758
4.35%, 03/01/2029		179,000		193,310
CenturyLink, Inc.
7.50%, 04/01/2024		525,000		574,712
Frontier Communications Corp.
7.63%, 04/15/2024		342,000		188,545
Hughes Satellite Systems Corp.
6.63%, 08/01/2026		301,000		324,616
Intelsat Jackson Holdings SA
5.50%, 08/01/2023		330,000		304,013
Ooredoo International Finance, Ltd.
3.25%, 02/21/2023, MTN (E)		1,650,000		1,674,750
Verizon Communications, Inc.
3.38%, 02/15/2025		156,000		162,690
4.02%, 12/03/2029 (B)		1,241,000		1,346,139
				6,884,210
Electric Utilities - 2.0%
Abu Dhabi National Energy Co. PJSC
4.88%, 04/23/2030 (E)		1,200,000		1,344,024
DPL, Inc.
4.35%, 04/15/2029 (B)		68,000		66,413
Edison International
4.13%, 03/15/2028		211,000		216,660
5.75%, 06/15/2027		40,000		44,600
EDP Finance BV
1.50%, 11/22/2027 (E)		EUR  675,000		814,476
Enel Finance International NV
2.75%, 04/06/2023 (B) (G)		$  200,000		200,331
4.25%, 09/14/2023 (B)		200,000		210,596
Enel SA
4.88%, 06/12/2028		1,400,000		1,533,000
Exelon Corp.
2.85%, 06/15/2020		1,479,000		1,482,714
Georgia Power Co.
2.00%, 09/08/2020		243,000		241,780
Israel Electric Corp., Ltd.
5.00%, 11/12/2024 (E)		1,200,000		1,303,800

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Electric Utilities (continued)
Kallpa Generacion SA
4.13%, 08/16/2027 (E)		$   1,650,000		$   1,687,125
Naturgy Finance BV
Fixed until 04/24/2024 (F), 3.38% (A) (E)		EUR  700,000		819,339
Nevada Power Co.
2.75%, 04/15/2020		$  174,000		174,478
NextEra Energy Operating Partners, LP
4.25%, 07/15/2024 (B)		300,000		304,125
NTPC, Ltd.
4.38%, 11/26/2024, MTN (E)		1,310,000		1,382,646
Southern California Edison Co.
Fixed until 02/01/2022 (F), 6.25% (A)		1,229,000		1,261,261
Talen Energy Supply LLC
6.63%, 01/15/2028 (B)		136,000		130,390
7.25%, 05/15/2027 (B)		152,000		150,042
Vistra Operations Co. LLC
5.00%, 07/31/2027 (B)		370,000		378,788
				13,746,588
Electrical Equipment - 0.5%
EnerSys
5.00%, 04/30/2023 (B)		375,000		382,500
Hubbell, Inc.
3.35%, 03/01/2026		282,000		285,195
Siemens Financieringsmaatschappij NV
3-Month LIBOR + 0.61%, 3.02% (A), 03/16/2022 (B)		2,000,000		2,011,116
3.25%, 05/27/2025 (B)		510,000		529,533
				3,208,344
Electronic Equipment, Instruments & Components - 0.1%
Arrow Electronics, Inc.
4.00%, 04/01/2025		151,000		154,556
Trimble, Inc.
4.75%, 12/01/2024		26,000		27,723
4.90%, 06/15/2028		392,000		420,735
				603,014
Energy Equipment & Services - 0.4%
Calfrac Holdings, LP
8.50%, 06/15/2026 (B)		330,000		222,750
Forum Energy Technologies, Inc.
6.25%, 10/01/2021		227,000		202,598
Genesis Energy, LP / Genesis Energy Finance Corp.
5.63%, 06/15/2024		280,000		275,100
Hanwha Energy Holdings Corp.
2.38%, 07/30/2022 (B)		295,000		293,536
Hi-Crush, Inc.
9.50%, 08/01/2026 (B) (G)		540,000		344,250
Nine Energy Service, Inc.
8.75%, 11/01/2023 (B)		288,000		281,520
Pattern Energy Group, Inc.
5.88%, 02/01/2024 (B)		382,000		389,640
Pioneer Energy Services Corp.
6.13%, 03/15/2022		625,000		243,750
Schlumberger Holdings Corp.
3.75%, 05/01/2024 (B)		225,000		235,186
USA Compression Partners, LP / USA Compression Finance Corp.
6.88%, 04/01/2026		164,000		170,576
				2,658,906

The notes are an integral part of this report. Transamerica Funds Page    6

Transamerica Unconstrained Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Entertainment - 0.5%
Netflix, Inc.
4.38%, 11/15/2026		$   508,000		$   513,080
TWDC Enterprises 18 Corp.
3-Month LIBOR + 0.13%, 2.63% (A), 03/04/2020, MTN		1,000,000		1,000,607
3-Month LIBOR + 0.19%, 2.67% (A), 06/05/2020, MTN		2,000,000		2,002,468
				3,516,155
Equity Real Estate Investment Trusts - 0.6%
American Tower Corp.
2.25%, 01/15/2022		993,000		987,746
3.60%, 01/15/2028		30,000		30,885
4.00%, 06/01/2025		179,000		190,106
AvalonBay Communities, Inc.
3.30%, 06/01/2029		133,000		138,666
Boston Properties, LP
3.40%, 06/21/2029		99,000		101,718
Columbia Property Trust Operating Partnership, LP
4.15%, 04/01/2025		201,000		206,203
Crown Castle International Corp.
4.30%, 02/15/2029		163,000		176,742
CTR Partnership, LP / CareTrust Capital Corp.
5.25%, 06/01/2025		373,000		386,055
ESH Hospitality, Inc.
5.25%, 05/01/2025 (B)		224,000		230,440
HAT Holdings I LLC / HAT Holdings II LLC
5.25%, 07/15/2024 (B)		220,000		231,275
HCP, Inc.
3.50%, 07/15/2029		99,000		100,335
Iron Mountain, Inc.
4.88%, 09/15/2027 (B)		225,000		223,313
MGM Growth Properties Operating Partnership, LP / MGP Finance Co-Issuer, Inc.
5.75%, 02/01/2027 (B)		251,000		270,832
Sabra Health Care, LP
5.13%, 08/15/2026		425,000		444,853
Sabra Health Care, LP / Sabra Capital Corp.
4.80%, 06/01/2024		134,000		138,141
Simon Property Group, LP
3.38%, 12/01/2027		23,000		24,018
4.13%, 12/01/2021		218,000		225,856
				4,107,184
Food & Staples Retailing - 0.3%
Albertsons Cos. LLC / Safeway, Inc. / New Albertsons, LP
5.75%, 03/15/2025		308,000		314,160
Costco Wholesale Corp.
2.15%, 05/18/2021		1,058,000		1,058,679
Walmart, Inc.
2.55%, 04/11/2023		394,000		398,609
3.05%, 07/08/2026		270,000		281,668
				2,053,116
Food Products - 1.7%
ConAgra Brands, Inc.
7.00%, 10/01/2028		190,000		235,149
Gruma SAB de CV
4.88%, 12/01/2024 (E)		1,200,000		1,279,512

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Food Products (continued)
JBS USA LUX SA / JBS USA Finance, Inc.
5.75%, 06/15/2025 (B)		$   87,000		$   89,828
5.88%, 07/15/2024 (B)		230,000		236,325
Kraft Heinz Foods Co.
2.80%, 07/02/2020		498,000		498,667
Lamb Weston Holdings, Inc.
4.63%, 11/01/2024 (B)		255,000		265,141
Land O’ Lakes, Inc.
7.00%, 09/18/2028 (B) (F)		4,820,000		4,572,975
Mondelez International, Inc.
3.63%, 02/13/2026		256,000		268,579
Nestle Holdings, Inc.
3.50%, 09/24/2025 (B)		225,000		238,196
Pilgrim’s Pride Corp.
5.88%, 09/30/2027 (B)		230,000		241,500
Post Holdings, Inc.
5.50%, 03/01/2025 (B)		375,000		390,000
Sigma Finance BV
4.88%, 03/27/2028 (E)		1,350,000		1,412,437
Smithfield Foods, Inc.
5.20%, 04/01/2029 (B)		81,000		87,957
Tyson Foods, Inc.
3-Month LIBOR + 0.45%, 2.97% (A), 08/21/2020		1,500,000		1,499,290
				11,315,556
Gas Utilities - 0.4%
ENN Energy Holdings, Ltd.
3.25%, 07/24/2022 (E)		1,500,000		1,509,195
Resources Gas Group, Ltd.
4.50%, 04/05/2022, MTN (E)		1,000,000		1,042,600
				2,551,795
Health Care Equipment & Supplies - 0.1%
Hologic, Inc.
4.38%, 10/15/2025 (B)		375,000		376,590
Ortho-Clinical Diagnostics, Inc. / Ortho-Clinical Diagnostics SA
6.63%, 05/15/2022 (B)		256,000		249,600
				626,190
Health Care Providers & Services - 0.8%
CVS Health Corp.
4.10%, 03/25/2025		1,455,000		1,531,121
DaVita, Inc.
5.13%, 07/15/2024		375,000		374,633
HCA, Inc.
4.13%, 06/15/2029		152,000		155,704
5.25%, 06/15/2026		159,000		176,433
5.38%, 02/01/2025		550,000		594,803
Laboratory Corp. of America Holdings
3.25%, 09/01/2024		317,000		322,621
MPH Acquisition Holdings LLC
7.13%, 06/01/2024 (B)		250,000		242,490
Roche Holdings, Inc.
2.88%, 09/29/2021 (B)		306,000		309,955
UnitedHealth Group, Inc.
2.38%, 10/15/2022		805,000		807,630
3.75%, 07/15/2025		605,000		645,580
				5,160,970
Hotels, Restaurants & Leisure - 0.2%
Brinker International, Inc.
5.00%, 10/01/2024 (B)		376,000		383,520

The notes are an integral part of this report. Transamerica Funds Page    7

Transamerica Unconstrained Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Hotels, Restaurants & Leisure (continued)
Eldorado Resorts, Inc.
6.00%, 09/15/2026		$   385,000		$   415,654
Wyndham Destinations, Inc.
5.75%, 04/01/2027		330,000		351,037
Wynn Macau, Ltd.
5.50%, 10/01/2027 (B)		235,000		236,763
				1,386,974
Household Durables - 0.0% (D)
Toll Brothers Finance Corp.
4.35%, 02/15/2028		90,000		90,855
Household Products - 0.1%
Central Garden & Pet Co.
5.13%, 02/01/2028		240,000		240,000
Energizer Holdings, Inc.
6.38%, 07/15/2026 (B)		375,000		390,938
Procter & Gamble Co.
1.90%, 10/23/2020		20,000		19,945
				650,883
Independent Power & Renewable Electricity Producers - 0.2%
Clearway Energy Operating LLC
5.00%, 09/15/2026		84,000		84,000
5.75%, 10/15/2025 (B)		84,000		87,125
Empresa Electrica Angamos SA
4.88%, 05/25/2029 (E)		1,043,400		1,096,512
				1,267,637
Industrial Conglomerates - 0.1%
Roper Technologies, Inc.
2.80%, 12/15/2021		457,000		459,529
4.20%, 09/15/2028		448,000		485,828
				945,357
Insurance - 0.7%
AmWINS Group, Inc.
7.75%, 07/01/2026 (B)		380,000		396,625
Assurant, Inc.
Fixed until 03/27/2028, 7.00% (A), 03/27/2048		2,100,000		2,252,250
Athene Global Funding
3-Month LIBOR + 1.23%, 3.56% (A), 07/01/2022 (B)		1,000,000		1,008,436
Athene Holding, Ltd.
4.13%, 01/12/2028		125,000		126,193
Chubb INA Holdings, Inc.
2.88%, 11/03/2022		255,000		259,378
Enstar Group, Ltd.
4.95%, 06/01/2029		500,000		512,413
Manulife Financial Corp.
Fixed until 02/24/2027, 4.06% (A), 02/24/2032		125,000		127,852
Marsh & McLennan Cos., Inc.
3.50%, 12/29/2020		129,000		130,908
				4,814,055
Internet & Catalog Retail - 0.1%
GrubHub Holdings, Inc.
5.50%, 07/01/2027 (B)		365,000		374,585

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Internet & Direct Marketing Retail - 0.0% (D)
Amazon.com, Inc.
2.80%, 08/22/2024		$   310,000		$   317,538
IT Services - 0.4%
IBM Credit LLC
3-Month LIBOR + 0.26%, 2.54% (A), 01/20/2021		500,000		500,357
3-Month LIBOR + 0.16%, 2.73% (A), 02/05/2021		1,500,000		1,498,762
Rackspace Hosting, Inc.
8.63%, 11/15/2024 (B) (G)		315,000		288,225
Total System Services, Inc.
3.80%, 04/01/2021		399,000		406,070
				2,693,414
Machinery - 0.7%
Caterpillar Financial Services Corp.
2.55%, 11/29/2022, MTN		169,000		170,385
3-Month LIBOR + 0.23%, 2.64% (A), 03/15/2021, MTN		2,000,000		2,001,710
3.15%, 09/07/2021, MTN		127,000		129,574
3.45%, 05/15/2023, MTN		191,000		198,112
CNH Industrial Capital LLC
4.20%, 01/15/2024		170,000		177,829
CNH Industrial Finance Europe SA
1.88%, 01/19/2026, MTN (E)		EUR  675,000		800,099
CNH Industrial NV
3.85%, 11/15/2027, MTN		$  171,000		173,686
4.50%, 08/15/2023		152,000		160,132
Illinois Tool Works, Inc.
3.50%, 03/01/2024		181,000		189,821
Ingersoll-Rand Finance SA
3.80%, 03/21/2029		277,000		293,670
JB Poindexter & Co., Inc.
7.13%, 04/15/2026 (B)		362,000		369,240
Stanley Black & Decker, Inc.
3.40%, 03/01/2026		172,000		180,236
Terex Corp.
5.63%, 02/01/2025 (B)		257,000		256,358
				5,100,852
Marine - 0.2%
Kirby Corp.
4.20%, 03/01/2028		104,000		108,806
Pelabuhan Indonesia II PT
4.25%, 05/05/2025 (E)		1,300,000		1,361,750
				1,470,556
Media - 1.1%
Altice France SA
7.38%, 05/01/2026 (B)		329,000		350,591
Belo Corp.
7.25%, 09/15/2027		450,000		501,750
Block Communications, Inc.
6.88%, 02/15/2025 (B)		370,000		386,650
CBS Corp.
3.70%, 06/01/2028		264,000		267,620
CCO Holdings LLC / CCO Holdings Capital Corp.
5.00%, 02/01/2028 (B)		418,000		428,993
5.38%, 06/01/2029 (B)		45,000		46,631

The notes are an integral part of this report. Transamerica Funds Page    8

Transamerica Unconstrained Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Media (continued)
Charter Communications Operating LLC / Charter Communications Operating Capital
3-Month LIBOR + 1.65%, 3.90% (A), 02/01/2024		$   377,000		$   384,450
5.05%, 03/30/2029		297,000		325,850
Comcast Corp.
3.15%, 03/01/2026		331,000		342,997
4.15%, 10/15/2028		596,000		656,855
CSC Holdings LLC
5.25%, 06/01/2024		67,000		69,931
5.50%, 04/15/2027 (B)		725,000		759,437
EW Scripps Co.
5.13%, 05/15/2025 (B)		412,000		413,030
McGraw-Hill Global Education Holdings LLC / McGraw-Hill Global Education Finance
7.88%, 05/15/2024 (B) (G)		316,000		283,610
Myriad International Holdings BV
5.50%, 07/21/2025 (E)		1,300,000		1,436,864
Sirius XM Radio, Inc.
4.63%, 07/15/2024 (B)		219,000		225,417
Tribune Media Co.
5.88%, 07/15/2022		276,000		280,554
				7,161,230
Metals & Mining - 1.7%
Anglo American Capital PLC
4.00%, 09/11/2027 (B)		1,004,000		1,013,580
BHP Billiton Finance, Ltd.
Fixed until 10/22/2024, 5.63% (A), 10/22/2079 (E)		EUR  675,000		906,011
Cleveland-Cliffs, Inc.
5.75%, 03/01/2025 (G)		$  282,000		286,371
Commercial Metals Co.
5.75%, 04/15/2026		390,000		401,700
First Quantum Minerals, Ltd.
6.50%, 03/01/2024 (B)		370,000		355,947
FMG Resources August 2006 Pty, Ltd.
5.13%, 03/15/2023 (B)		375,000		390,469
Glencore Finance Europe, Ltd.
1.50%, 10/15/2026, MTN (E)		EUR  675,000		772,538
Glencore Funding LLC
4.13%, 03/12/2024 (B)		$  518,000		537,106
GTL Trade Finance, Inc. / Gerdau Holdings, Inc.
5.89%, 04/29/2024 (E)		1,400,000		1,541,484
Mineral Resources, Ltd.
8.13%, 05/01/2027 (B)		225,000		236,227
Novolipetsk Steel Via Steel Funding DAC
4.50%, 06/15/2023 (E)		1,600,000		1,656,768
Severstal OAO Via Steel Capital SA
5.90%, 10/17/2022 (E)		1,500,000		1,611,168
Southern Copper Corp.
6.75%, 04/16/2040		1,320,000		1,690,266
				11,399,635
Multi-Utilities - 0.1%
Consolidated Edison Co. of New York, Inc.
4.45%, 06/15/2020		237,000		241,112
DTE Energy Co.
3.40%, 06/15/2029		142,000		145,232
Public Service Co. of Colorado
3.70%, 06/15/2028		188,000		203,146
Sempra Energy
3.40%, 02/01/2028		297,000		301,047
				890,537

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Multiline Retail - 0.3%
El Puerto de Liverpool SAB de CV
3.88%, 10/06/2026 (E)		$   1,900,000		$   1,898,100
Kohl’s Corp.
5.55%, 07/17/2045		138,000		138,625
				2,036,725
Oil, Gas & Consumable Fuels - 4.8%
Anadarko Petroleum Corp.
6.45%, 09/15/2036		258,000		314,450
Andeavor Logistics, LP / Tesoro Logistics Finance Corp.
3.50%, 12/01/2022		90,000		91,877
Antero Midstream Partners, LP / Antero Midstream Finance Corp.
5.75%, 03/01/2027 (B)		395,000		370,320
BP Capital Markets America, Inc.
2.75%, 05/10/2023		749,000		759,077
BP Capital Markets PLC
3.51%, 03/17/2025		589,000		618,548
Brazos Valley Longhorn LLC / Brazos Valley Longhorn Finance Corp.
6.88%, 02/01/2025		249,000		230,325
Callon Petroleum Co.
6.38%, 07/01/2026		225,000		219,375
Canadian Natural Resources, Ltd.
2.95%, 01/15/2023		847,000		855,307
Cenovus Energy, Inc.
4.25%, 04/15/2027 (G)		375,000		386,253
Centennial Resource Production LLC
6.88%, 04/01/2027 (B)		225,000		219,375
Chaparral Energy, Inc.
8.75%, 07/15/2023 (B)		596,000		342,700
Cheniere Energy Partners, LP
5.25%, 10/01/2025		220,000		227,979
Chevron Corp.
3-Month LIBOR + 0.41%, 2.93% (A), 11/15/2019		1,000,000		1,001,147
3-Month LIBOR + 0.53%, 3.05% (A), 03/03/2022		1,000,000		1,006,095
China Shenhua Overseas Capital Co., Ltd.
3.88%, 01/20/2025 (E)		1,300,000		1,349,330
Cimarex Energy Co.
4.38%, 03/15/2029		219,000		229,240
CNOOC Finance, Ltd.
3.00%, 05/09/2023		1,650,000		1,663,431
Colorado Interstate Gas Co. LLC / Colorado Interstate Issuing Corp.
4.15%, 08/15/2026 (B)		207,000		214,602
Concho Resources, Inc.
4.30%, 08/15/2028		106,000		113,469
ConocoPhillips Co.
3-Month LIBOR + 0.90%, 3.42% (A), 05/15/2022 (G)		1,700,000		1,719,660
Ecopetrol SA
5.88%, 05/28/2045		1,500,000		1,684,726
eG Global Finance PLC
6.75%, 02/07/2025 (B)		250,000		250,938
Enable Midstream Partners, LP
4.95%, 05/15/2028		191,000		197,853
Energy Transfer Operating, LP
4.25%, 03/15/2023		110,000		114,709
4.50%, 04/15/2024		167,000		177,421
5.25%, 04/15/2029		146,000		163,153

The notes are an integral part of this report. Transamerica Funds Page    9

Transamerica Unconstrained Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Oil, Gas & Consumable Fuels (continued)
EnLink Midstream LLC
5.38%, 06/01/2029		$   150,000		$   154,643
EnLink Midstream Partners, LP
4.85%, 07/15/2026		636,000		645,540
Fixed until 12/15/202 2 (F), 6.00% (A)		1,400,000		1,092,000
Enterprise Products Operating LLC
4.05%, 02/15/2022		504,000		523,881
Extraction Oil & Gas, Inc.
5.63%, 02/01/2026 (B)		475,000		350,560
Hilcorp Energy I, LP / Hilcorp Finance Co.
5.00%, 12/01/2024 (B)		390,000		373,425
Holly Energy Partners, LP / Holly Energy Finance Corp.
6.00%, 08/01/2024 (B)		214,000		223,095
Lonestar Resources America, Inc.
11.25%, 01/01/2023 (B)		412,000		385,220
Marathon Oil Corp.
2.80%, 11/01/2022		597,000		598,435
MPLX, LP
4.00%, 03/15/2028		157,000		162,607
Noble Energy, Inc.
3.90%, 11/15/2024		502,000		522,826
Oil India International Pte, Ltd.
4.00%, 04/21/2027 (E)		1,500,000		1,537,687
ONGC Videsh, Ltd.
4.63%, 07/15/2024 (E)		1,300,000		1,384,633
Petroleos Mexicanos
5.35%, 02/12/2028		500,000		459,500
Raizen Fuels Finance SA
5.30%, 01/20/2027 (E)		1,300,000		1,392,625
Rockies Express Pipeline LLC
4.95%, 07/15/2029 (B)		158,000		162,055
SemGroup Corp. / Rose Rock Finance Corp.
5.63%, 11/15/2023		401,000		385,962
Southwestern Energy Co.
7.50%, 04/01/2026		400,000		350,000
Summit Midstream Holdings LLC / Summit Midstream Finance Corp.
5.50%, 08/15/2022		405,000		388,800
SunCoke Energy Partners, LP / SunCoke Energy Partners Finance Corp.
7.50%, 06/15/2025 (B)		338,000		335,026
Tengizchevroil Finance Co. International, Ltd.
4.00%, 08/15/2026 (E)		2,000,000		2,045,520
Total Capital International SA
2.88%, 02/17/2022 (G)		749,000		760,439
TOTAL SA
Fixed until 10/06/2026 (F), 3.37% (A), MTN (E)		EUR  675,000		848,065
Transportadora de Gas del Peru SA
4.25%, 04/30/2028 (E)		$  1,300,000		1,360,125
Transportadora de Gas Internacional SA
5.55%, 11/01/2028 (B)		1,300,000		1,473,888
Valero Energy Corp.
4.00%, 04/01/2029		110,000		114,747
				32,552,664
Paper & Forest Products - 0.7%
Cascades, Inc.
5.50%, 07/15/2022 (B)		311,000		314,110
Celulosa Arauco y Constitucion SA
4.50%, 08/01/2024		1,400,000		1,470,014

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Paper & Forest Products (continued)
Fibria Overseas Finance, Ltd.
4.00%, 01/14/2025		$   1,300,000		$   1,322,100
Inversiones CMPC SA
4.38%, 05/15/2023 (E)		1,500,000		1,566,343
				4,672,567
Personal Products - 0.1%
Coty, Inc.
6.50%, 04/15/2026 (B) (G)		400,000		385,000
First Quality Finance Co., Inc.
5.00%, 07/01/2025 (B)		380,000		385,700
				770,700
Pharmaceuticals - 0.5%
Bristol-Myers Squibb Co.
3.40%, 07/26/2029 (B)		260,000		271,756
Catalent Pharma Solutions, Inc.
5.00%, 07/15/2027 (B)		191,000		196,252
GlaxoSmithKline Capital PLC
3-Month LIBOR + 0.35%, 2.88% (A), 05/14/2021		2,000,000		2,005,052
3.13%, 05/14/2021		259,000		262,733
GlaxoSmithKline Capital, Inc.
3.38%, 05/15/2023		179,000		185,336
Mylan, Inc.
4.55%, 04/15/2028		196,000		206,378
Shire Acquisitions Investments Ireland DAC
3.20%, 09/23/2026		424,000		430,919
				3,558,426
Real Estate Management & Development - 0.3%
Kennedy-Wilson, Inc.
5.88%, 04/01/2024		375,000		382,883
Longfor Group Holdings, Ltd.
4.50%, 01/16/2028 (E)		1,500,000		1,532,440
Newmark Group, Inc.
6.13%, 11/15/2023		230,000		246,967
				2,162,290
Road & Rail - 0.1%
Avolon Holdings Funding, Ltd.
5.13%, 10/01/2023 (B)		325,000		345,345
Canadian National Railway Co.
2.85%, 12/15/2021		152,000		153,292
JB Hunt Transport Services, Inc.
3.88%, 03/01/2026		258,000		272,408
				771,045
Semiconductors & Semiconductor Equipment - 0.3%
Amkor Technology, Inc.
6.63%, 09/15/2027 (B)		230,000		239,918
NXP BV / NXP Funding LLC / NXP USA, Inc.
4.30%, 06/18/2029 (B)		238,000		246,138
QUALCOMM, Inc.
3.25%, 05/20/2027		1,209,000		1,237,467
				1,723,523

The notes are an integral part of this report. Transamerica Funds Page    10

Transamerica Unconstrained Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Software - 0.2%
Microsoft Corp.
2.40%, 02/06/2022		$   1,246,000		$   1,255,762
SS&C Technologies, Inc.
5.50%, 09/30/2027 (B)		235,000		244,400
				1,500,162
Specialty Retail - 0.3%
Conn’s, Inc.
7.25%, 07/15/2022 (G)		385,000		383,075
Home Depot, Inc.
3-Month LIBOR + 0.31%, 2.83% (A), 03/01/2022		975,000		977,340
QVC, Inc.
4.85%, 04/01/2024		544,000		561,092
				1,921,507
Technology Hardware, Storage & Peripherals - 0.2%
Dell International LLC / EMC Corp.
6.02%, 06/15/2026 (B)		520,000		574,934
Diebold Nixdorf, Inc.
8.50%, 04/15/2024		257,000		251,539
Seagate HDD Cayman
4.75%, 01/01/2025 (G)		300,000		304,270
				1,130,743
Thrifts & Mortgage Finance - 0.1%
New York Community Bancorp, Inc.
Fixed until 11/06/2023, 5.90% (A), 11/06/2028		358,000		373,015
Trading Companies & Distributors - 0.1%
GATX Corp.
4.35%, 02/15/2024		274,000		290,034
H&E Equipment Services, Inc.
5.63%, 09/01/2025		225,000		231,187
				521,221
Transportation Infrastructure - 0.3%
DP World PLC
5.63%, 09/25/2048 (B)		1,500,000		1,663,170
Penske Truck Leasing Co., LP / PTL Finance Corp.
3.40%, 11/15/2026 (B)		203,000		205,434
3.95%, 03/10/2025 (B)		277,000		290,961
				2,159,565
Wireless Telecommunication Services - 0.6%
C&W Senior Financing DAC
6.88%, 09/15/2027 (B)		225,000		235,417
Sprint Corp.
7.88%, 09/15/2023		1,019,000		1,136,185
Vodafone Group PLC
Fixed until 04/04/2029, 7.00% (A), 04/04/2079		2,614,000		2,863,964
				4,235,566
Total Corporate Debt Securities (Cost $306,302,113)				314,599,721

	Principal		Value
FOREIGN GOVERNMENT OBLIGATIONS - 3.3%
Colombia - 1.1%
Colombia Government International Bond
3.88%, 04/25/2027		$   7,200,000		$   7,513,272
Egypt - 0.6%
Egypt Government International Bond
6.59%, 02/21/2028 (E)		3,700,000		3,803,718
Hong Kong - 0.0% (D)
Hong Kong Government International Bond
2.50%, 05/28/2024 (B)		202,000		205,804
India - 0.2%
Export-Import Bank of India
3.38%, 08/05/2026 (E)		1,300,000		1,306,737
Norway - 0.0% (D)
Kommunalbanken AS
1.75%, 09/15/2020 (B)		330,000		328,648
Qatar - 1.2%
Qatar Government International Bond
4.50%, 04/23/2028 (E)		7,000,000		7,892,500
Supranational - 0.2%
European Investment Bank
2.38%, 06/15/2022		502,000		508,769
Inter-American Development Bank
2.63%, 04/19/2021, MTN		815,000		823,520
International Bank for Reconstruction & Development
3.13%, 11/20/2025		281,000		300,036
				1,632,325
Total Foreign Government Obligations (Cost $21,082,193)				22,683,004
LOAN ASSIGNMENTS - 16.2%
Aerospace & Defense - 0.1%
Doncasters Finance LLC
Term Loan,
3-Month LIBOR + 3.50%, 5.83% (A), 04/09/2020 (C)		98,412		74,744
TransDigm, Inc.
Term Loan F,
3-Month LIBOR + 2.50%, 4.83% (A), 06/09/2023		618,212		613,575
				688,319
Air Freight & Logistics - 0.0% (D)
1199169 B.C. Unlimited Liability Co.
Term Loan B2,
3-Month LIBOR + 4.00%, 6.33% (A), 04/06/2026		230,781		232,012
Auto Components - 0.1%
Mavis Tire Express Services Corp.
1st Lien Term Loan,
1-Month LIBOR + 3.25%, 5.48% (A), 03/20/2025		865,766		850,074

The notes are an integral part of this report. Transamerica Funds Page    11

Transamerica Unconstrained Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
LOAN ASSIGNMENTS (continued)
Auto Components (continued)
Mavis Tire Express Services Corp. (continued)
Delayed Draw Term Loan,
1-Month LIBOR + 3.25%, 5.48% (A), 03/20/2025		$   24,787		$   24,338
				874,412
Automobiles - 0.2%
CWGS Group LLC
Term Loan,
1-Month LIBOR + 2.75%, 4.98% (A), 11/08/2023		931		870
1-Month LIBOR + 2.75%, 5.15% (A), 11/08/2023		674,301		630,471
Wand NewCo 3, Inc.
1st Lien Term Loan,
1-Month LIBOR + 3.50%, 5.86% (A), 02/05/2026		612,495		616,324
				1,247,665
Building Products - 0.4%
C.H.I. Overhead Doors, Inc.
1st Lien Term Loan,
1-Month LIBOR + 3.25%, 5.48% (A), 07/29/2022		615,253		612,946
CD&R Hydra Buyer, Inc.
Term Loan,
1-Month LIBOR + 4.25%, 6.48% (A), 12/11/2024		923,312		919,563
Crosby Group LLC
Term Loan B,
1-Month LIBOR + 4.75%, 7.02% (A), 06/12/2026		464,143		460,468
Quikrete Holdings, Inc.
1st Lien Term Loan,
1-Month LIBOR + 2.75%, 4.98% (A), 11/15/2023		621,000		615,012
				2,607,989
Capital Markets - 0.3%
Blackstone CQP Holdco, LP
Term Loan B,
3-Month LIBOR + 3.50%, 5.89% (A), 09/30/2024		402,083		403,591
Crown Finance, Inc.
Term Loan,
1-Month LIBOR + 2.25%, 4.48% (A), 02/28/2025		903,379		899,540
Deerfield Dakota Holding LLC
Term Loan B,
1-Month LIBOR + 3.25%, 5.48% (A), 02/13/2025		628,934		612,621
Donnelley Financial Solutions, Inc.
Term Loan B,
1-Month LIBOR + 3.00%, 5.38% (A), 10/02/2023		170,588		169,735
				2,085,487
Chemicals - 0.5%
Charter NEX, Inc.
Term Loan B,
1-Month LIBOR + 3.00%, 5.23% (A), 05/16/2024		700,188		690,998
Chemours Co.
Term Loan B,
1-Month LIBOR + 1.75%, 3.99% (A), 04/03/2025		595,492		563,857

	Principal		Value
LOAN ASSIGNMENTS (continued)
Chemicals (continued)
Hexion, Inc.
Term Loan,
3-Month LIBOR + 3.50%, 5.82% (A), 06/25/2026 (C)		$   815,507		$   814,488
PQ Corp.
Term Loan B,
3-Month LIBOR + 2.50%, 4.76% (A), 02/08/2025		617,249		616,285
Starfruit Finco BV
Term Loan B,
1-Month LIBOR + 3.25%, 5.61% (A), 10/01/2025		957,600		941,440
				3,627,068
Commercial Services & Supplies - 0.8%
Asurion LLC
2nd Lien Term Loan,
1-Month LIBOR + 6.50%, 8.73% (A), 08/04/2025		63,905		64,970
Term Loan B6,
1-Month LIBOR + 3.00%, 5.23% (A), 11/03/2023		515,533		516,500
Term Loan B7,
1-Month LIBOR + 3.00%, 5.23% (A), 11/03/2024		331,710		332,436
BrightView Landscapes LLC
1st Lien Term Loan B,
1-Month LIBOR + 2.50%, 4.75% (A), 08/15/2025		166,351		166,247
1-Month LIBOR + 2.50%, 4.81% (A), 08/15/2025		199,637		199,512
Cast and Crew Payroll LLC
1st Lien Term Loan,
1-Month LIBOR + 4.00%, 6.25% (A), 02/09/2026		418,678		420,902
Creative Artists Agency LLC
Term Loan B,
1-Month LIBOR + 3.00%, 5.23% (A), 02/15/2024		428,823		429,628
Garda World Security Corp.
Term Loan,
3-Month LIBOR + 3.50%, 6.02% (A), 05/24/2024		597,556		598,116
GFL Environmental, Inc.
Term Loan B,
1-Month LIBOR + 3.00%, 5.23% (A), 05/30/2025		978,177		969,210
KAR Auction Services, Inc.
Term Loan B5,
3-Month LIBOR + 2.50%, 4.88% (A), 03/09/2023		48,608		48,730
Prime Security Services Borrower LLC
1st Lien Term Loan,
1-Month LIBOR + 2.75%, 4.98% (A), 05/02/2022		864,416		862,903
West Corp.
Term Loan,
3-Month LIBOR + 4.00%, 6.52% (A), 10/10/2024		405,708		377,985
Term Loan B1,
3-Month LIBOR + 3.50%, 6.02% (A), 10/10/2024		258,045		237,724
				5,224,863

The notes are an integral part of this report. Transamerica Funds Page    12

Transamerica Unconstrained Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
LOAN ASSIGNMENTS (continued)
Communications Equipment - 0.1%
CommScope, Inc.
Term Loan B,
1-Month LIBOR + 3.25%, 5.48% (A), 04/06/2026		$   426,597		$   426,730
Construction & Engineering - 0.1%
USIC Holdings, Inc.
Term Loan B,
1-Month LIBOR + 3.00%, 5.23% (A), 12/08/2023		373,150		370,506
Consumer Finance - 0.2%
Altice Financing SA
Term Loan B,
1-Month LIBOR + 2.75%, 5.08% (A), 07/15/2025		442,022		423,789
Nielsen Finance LLC
Term Loan B4,
1-Month LIBOR + 2.00%, 4.37% (A), 10/04/2023		872,154		869,973
				1,293,762
Containers & Packaging - 0.3%
Berry Global, Inc.
Term Loan U,
3-Month LIBOR + 2.50%, 4.90% (A), 07/01/2026		874,145		872,834
BWAY Holding Co.
Term Loan B,
3-Month LIBOR + 3.25%, 5.59% (A), 04/03/2024		589,385		579,316
Reynolds Group Holdings, Inc.
Term Loan,
1-Month LIBOR + 2.75%, 4.98% (A), 02/05/2023		611,863		611,644
				2,063,794
Diversified Consumer Services - 0.2%
William Morris Endeavor Entertainment LLC
1st Lien Term Loan,
1-Month LIBOR + 2.75%, 4.99% (A), 05/18/2025		1,188,247		1,156,066
Diversified Financial Services - 0.6%
AI Ladder Subco SARL
Term Loan,
3-Month LIBOR + 4.50%, 6.83% (A), 07/09/2025		612,820		594,627
AlixPartners LLP
Term Loan B,
1-Month LIBOR + 2.75%, 4.98% (A), 04/04/2024		645,729		646,374
Camelot Holdco, Ltd.
Repriced Term Loan,
1-Month LIBOR + 3.25%, 5.48% (A), 10/03/2023		312,844		314,017
Dynasty Acquisition Co., Inc.
Term Loan B1,
3-Month LIBOR + 4.00%, 6.33% (A), 04/06/2026		429,253		431,542

	Principal		Value
LOAN ASSIGNMENTS (continued)
Diversified Financial Services (continued)
Fastlane Parent Co., Inc.
1st Lien Term Loan,
3-Month LIBOR + 4.50%, 6.83% (A), 02/04/2026 (C)		$   586,532		$   578,468
Financial & Risk Holdings, Inc.
Term Loan,
1-Month LIBOR + 3.75%, 5.98% (A), 10/01/2025		942,265		941,480
Lions Gate Capital Holdings LLC
Term Loan B,
1-Month LIBOR + 2.25%, 4.48% (A), 03/24/2025		403,289		401,776
Stars Group Holdings BV
Term Loan,
3-Month LIBOR + 3.50%, 5.83% (A), 07/10/2025		491,296		493,753
				4,402,037
Diversified Telecommunication Services - 0.7%
CenturyLink, Inc.
Term Loan B,
1-Month LIBOR + 2.75%, 4.98% (A), 01/31/2025		1,086,551		1,078,945
Coral-US Co-Borrower LLC
Term Loan B4,
1-Month LIBOR + 3.25%, 5.48% (A), 01/30/2026		748,200		751,733
Intelsat Jackson Holdings SA
Term Loan B3,
1-Month LIBOR + 3.75%, 5.99% (A), 11/27/2023		1,539,000		1,540,539
Level 3 Financing, Inc.
Term Loan B,
1-Month LIBOR + 2.25%, 4.48% (A), 02/22/2024		606,364		606,553
Telesat Canada
Term Loan B4,
3-Month LIBOR + 2.50%, 4.83% (A), 11/17/2023		631,801		629,432
				4,607,202
Electric Utilities - 0.1%
Talen Energy Supply LLC
Term Loan B,
1-Month LIBOR + 3.75%, 6.11% (A), 07/08/2026		582,850		569,735
Electrical Equipment - 0.1%
EXC Holdings III Corp.
1st Lien Term Loan,
3-Month LIBOR + 3.50%, 5.83% (A), 12/02/2024		60,352		60,352
2nd Lien Term Loan,
3-Month LIBOR + 7.50%, 9.83% (A), 12/01/2025		320,000		321,600
Gates Global LLC
Repriced Term Loan B,
1-Month LIBOR + 2.75%, 4.98% (A), 04/01/2024 (C)		579,687		576,245
				958,197

The notes are an integral part of this report. Transamerica Funds Page    13

Transamerica Unconstrained Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
LOAN ASSIGNMENTS (continued)
Electronic Equipment, Instruments & Components - 0.1%
Verifone Systems, Inc.
1st Lien Term Loan,
3-Month LIBOR + 4.00%, 6.52% (A), 08/20/2025		$   374,374		$   363,945
Verra Mobility Corp.
1st Lien Term Loan,
1-Month LIBOR + 3.75%, 5.98% (A), 02/28/2025		356,876		358,065
				722,010
Energy Equipment & Services - 0.1%
Apergy Corp.
1st Lien Term Loan,
1-Month LIBOR + 2.50%, 4.75% (A), 05/09/2025		372,757		374,155
Entertainment - 0.1%
AMC Entertainment Holdings, Inc.
Term Loan B,
6-Month LIBOR + 3.00%, 5.23% (A), 04/22/2026		747,505		747,972
Equity Real Estate Investment Trusts - 0.1%
ESH Hospitality, Inc.
Term Loan B,
1-Month LIBOR + 2.00%, 4.23% (A), 08/30/2023		430,010		430,440
VICI Properties 1 LLC
Term Loan B,
1-Month LIBOR + 2.00%, 4.27% (A), 12/20/2024		369,343		368,651
				799,091
Food & Staples Retailing - 0.2%
Albertsons LLC
Term Loan B6,
1-Month LIBOR + 3.00%, 5.23% (A), 06/22/2023		1,495,804		1,497,674
Food Products - 0.2%
JBS USA Lux SA
Term Loan B,
1-Month LIBOR + 2.50%, 4.73% (A), 05/01/2026		421,785		421,872
Nomad Foods Midco, Ltd.
Term Loan B4,
TBD, 05/15/2024 (C) (H)		423,000		421,943
Sunshine Luxembourg VII SARL
1st Lien Term Loan,
TBD, 07/16/2026 (C) (H)		757,691		759,901
				1,603,716
Health Care Equipment & Supplies - 0.3%
Athenahealth, Inc.
Term Loan B,
3-Month LIBOR + 4.50%, 7.05% (A), 02/11/2026		557,343		559,085
Greatbatch, Ltd.
1st Lien Term Loan B,
1-Month LIBOR + 3.00%, 5.38% (A), 10/27/2022		326,438		327,604

	Principal		Value
LOAN ASSIGNMENTS (continued)
Health Care Equipment & Supplies (continued)
Kinetic Concepts, Inc.
Term Loan B,
3-Month LIBOR + 3.25%, 5.58% (A), 02/02/2024		$   344,122		$   344,552
Ortho-Clinical Diagnostics SA
Term Loan B,
3-Month LIBOR + 3.25%, 5.56% (A), 06/30/2025		759,941		738,093
				1,969,334
Health Care Providers & Services - 0.5%
HC Group Holdings II, Inc.
Term Loan B,
TBD, 05/21/2026 (C) (H)		872,363		868,001
HC Group Holdings III, Inc.
Term Loan B,
1-Month LIBOR + 3.75%, 5.98% (A), 04/07/2022		244,289		243,373
MPH Acquisition Holdings LLC
Term Loan B,
3-Month LIBOR + 2.75%, 5.08% (A), 06/07/2023		551,459		534,522
Sotera Health Holdings LLC
Term Loan,
1-Month LIBOR + 3.00%, 5.23% (A), 05/15/2022		762,106		752,897
Sound Inpatient Physicians
1st Lien Term Loan,
1-Month LIBOR + 2.75%, 4.98% (A), 06/27/2025		523,337		520,720
2nd Lien Term Loan,
1-Month LIBOR + 6.75%, 8.98% (A), 06/26/2026		228,492		229,634
Team Health Holdings, Inc.
1st Lien Term Loan,
1-Month LIBOR + 2.75%, 4.98% (A), 02/06/2024		601,311		526,899
				3,676,046
Hotels, Restaurants & Leisure - 1.4%
1011778 B.C. Unlimited Liability Co.
Term Loan B3,
1-Month LIBOR + 2.25%, 4.48% (A), 02/16/2024		618,834		618,680
Boyd Gaming Corp.
Term Loan B3,
1-Week LIBOR + 2.25%, 4.62% (A), 09/15/2023		345,714		345,591
Caesars Resort Collection LLC
1st Lien Term Loan B,
1-Month LIBOR + 2.75%, 4.98% (A), 12/22/2024		926,298		917,807
ETA Australia Holdings III Pty, Ltd.
Term Loan,
1-Month LIBOR + 4.00%, 6.23% (A), 05/06/2026		431,225		432,303
Golden Nugget, Inc.
Term Loan B,
1-Month LIBOR + 2.75%, 4.98% (A), 10/04/2023		343,132		343,132
1-Month LIBOR + 2.75%, 5.06% (A), 10/04/2023		275,084		275,084
Hornblower Sub LLC
Term Loan B,
3-Month LIBOR + 4.50%, 6.83% (A), 04/27/2025		370,645		371,571

The notes are an integral part of this report. Transamerica Funds Page    14

Transamerica Unconstrained Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
LOAN ASSIGNMENTS (continued)
Hotels, Restaurants & Leisure (continued)
IRB Holding Corp.
1st Lien Term Loan,
3-Month LIBOR + 3.25%, 5.55% (A), 02/05/2025		$   615,567		$   612,182
3-Month LIBOR + 3.25%, 5.56% (A), 02/05/2025		1,562		1,554
Mohegan Tribal Gaming Authority
Term Loan B,
1-Month LIBOR + 4.00%, 6.23% (A), 10/13/2023		833,875		771,930
NEP/NCP Holdco, Inc.
1st Lien Term Loan,
1-Month LIBOR + 3.25%, 5.48% (A), 10/20/2025		572,300		571,727
PCI Gaming Authority
Term Loan,
1-Month LIBOR + 3.00%, 5.23% (A), 05/29/2026		401,857		404,746
PF Chang’s China Bistro, Inc.
Term Loan B,
6-Month LIBOR + 6.50%, 8.70% (A), 03/01/2026		493,808		471,586
3-Month LIBOR + 6.50%, 8.83% (A), 03/01/2026		1,241		1,185
Scientific Games International, Inc.
Term Loan B5,
1-Month LIBOR + 2.75%, 4.98% (A), 08/14/2024		803,175		798,657
SeaWorld Parks & Entertainment, Inc.
Term Loan B5,
1-Month LIBOR + 3.00%, 5.23% (A), 03/31/2024		617,406		617,406
Station Casinos LLC
Term Loan B,
1-Month LIBOR + 2.50%, 4.74% (A), 06/08/2023		496,917		496,829
Travelport Finance SARL
2nd Lien Term Loan,
3-Month LIBOR + 9.00%, 11.54% (A), 03/31/2027		271,077		260,233
Term Loan,
3-Month LIBOR + 5.00%, 7.54% (A), 05/29/2026		662,339		643,297
Twin River Worldwide Holdings, Inc.
Term Loan B,
1-Month LIBOR + 2.75%, 4.98% (A), 05/02/2026		464,213		462,472
				9,417,972
Household Durables - 0.2%
API Heat Transfer ThermaSys Corp.
Term Loan,
3-Month LIBOR + 6.00%, 8.33% (A), 12/31/2023		440,784		396,706
LTI Holdings, Inc.
1st Lien Term Loan,
1-Month LIBOR + 3.50%, 5.73% (A), 09/06/2025		497,255		474,256
2nd Lien Term Loan,
1-Month LIBOR + 6.75%, 8.98% (A), 09/06/2026		259,009		235,051
				1,106,013

	Principal		Value
LOAN ASSIGNMENTS (continued)
Household Products - 0.2%
Diamond BV
Term Loan,
2-Month LIBOR + 3.00%, 5.26% (A), 09/06/2024		$   2,453		$   2,220
3-Month LIBOR + 3.00%, 5.26% (A), 09/06/2024		964,099		872,510
Energizer Holdings, Inc.
Term Loan B,
1-Month LIBOR + 2.25%, 4.69% (A), 12/17/2025		501,075		500,136
				1,374,866
Independent Power & Renewable Electricity Producers - 0.0% (D)
Terra-Gen Finance Co. LLC
Term Loan B,
1-Month LIBOR + 4.25%, 6.49% (A), 12/09/2021		371,994		325,495
Insurance - 0.7%
Alliant Holdings Intermediate LLC
Term Loan B,
3-Month LIBOR + 3.00%, 5.27% (A), 05/09/2025		1,092,519		1,074,663
AmWINS Group, Inc.
Term Loan B,
1-Month LIBOR + 2.75%, 4.98% (A), 01/25/2024 (C)		565,136		564,665
1-Month LIBOR + 2.75%, 5.11% (A), 01/25/2024 (C)		167,728		167,589
Hub International, Ltd.
Term Loan B,
3-Month LIBOR + 3.00%, 5.27% (A), 04/25/2025		938,580		928,021
3-Month LIBOR + 3.00%, 5.28% (A), 04/25/2025		2,376		2,350
Hyperion Insurance Group, Ltd.
Repriced Term Loan,
3-Month LIBOR + 3.50%, 5.75% (A), 12/20/2024		384,447		383,165
Sedgwick Claims Management Services, Inc.
Term Loan B,
1-Month LIBOR + 3.25%, 5.48% (A), 12/31/2025		873,590		859,394
York Risk Services Holding Corp.
Term Loan B,
1-Month LIBOR + 3.75%, 5.98% (A), 10/01/2021		542,852		541,834
				4,521,681
IT Services - 0.5%
GTT Communications, Inc.
Term Loan B,
1-Month LIBOR + 2.75%, 4.98% (A), 05/31/2025		650,087		568,555
Moneygram International, Inc.
Term Loan B,
3-Month LIBOR + 6.00%, 8.33% (A), 05/22/2023		479,835		471,678
PI MergerCo, Inc.
1st Lien Term Loan,
1-Month LIBOR + 3.25%, 5.48% (A), 01/03/2025		918,929		914,334

The notes are an integral part of this report. Transamerica Funds Page    15

Transamerica Unconstrained Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
LOAN ASSIGNMENTS (continued)
IT Services (continued)
Rackspace Hosting, Inc.
1st Lien Term Loan,
3-Month LIBOR + 3.00%, 5.58% (A), 11/03/2023		$   922,932		$   855,361
Tempo Acquisition LLC
Term Loan,
1-Month LIBOR + 3.00%, 5.23% (A), 05/01/2024		525,061		525,718
				3,335,646
Life Sciences Tools & Services - 0.1%
Parexel International Corp.
Term Loan B,
1-Month LIBOR + 2.75%, 4.98% (A), 09/27/2024		843,511		813,285
Machinery - 0.3%
Dynacast International LLC
Term Loan B2,
3-Month LIBOR + 3.25%, 5.58% (A), 01/28/2022		605,836		595,992
Gardner Denver, Inc.
Term Loan B,
1-Month LIBOR + 2.75%, 4.98% (A), 07/30/2024		414,156		414,928
Patriot Container Corp.
1st Lien Term Loan,
1-Month LIBOR + 3.50%, 5.73% (A), 03/20/2025		368,479		367,558
Shape Technologies Group, Inc.
Term Loan,
3-Month LIBOR + 3.00%, 5.26% (A), 04/21/2025		308,472		294,205
Welbilt, Inc.
Term Loan B,
1-Month LIBOR + 2.50%, 4.73% (A), 10/23/2025
		588,000		582,610
				2,255,293
Media - 1.3%
Altice SA
Term Loan B12,
1-Month LIBOR + 3.69%, 6.01% (A), 01/31/2026		692,326		684,537
Term Loan B13,
1-Month LIBOR + 4.00%, 6.33% (A), 08/14/2026		359,408		355,252
Charter Communications Operating LLC
Term Loan B,
3-Month LIBOR + 2.00%, 4.33% (A), 04/30/2025		497,475		498,470
Cogeco Communications II, LP
1st Lien Term Loan,
1-Month LIBOR + 2.25%, 4.48% (A), 01/03/2025		628,727		625,321
CSC Holdings LLC
1st Lien Term Loan,
1-Month LIBOR + 2.25%, 4.58% (A), 07/17/2025		1,177,611		1,166,326
Term Loan B,
1-Month LIBOR + 2.50%, 4.83% (A), 01/25/2026		403,284		399,655

	Principal		Value
LOAN ASSIGNMENTS (continued)
Media (continued)
EW Scripps Co.
Term Loan B1,
3-Month LIBOR + 2.75%, 4.98% (A), 05/01/2026		$   342,648		$   342,648
Gray Television, Inc.
Term Loan C,
3-Month LIBOR + 2.50%, 4.83% (A), 01/02/2026		437,800		438,562
ION Media Networks, Inc.
Term Loan B,
3-Month LIBOR + 3.00%, 5.31% (A), 12/18/2024		1,157,761		1,156,314
McGraw-Hill Global Education Holdings LLC
Term Loan B,
1-Month LIBOR + 4.00%, 6.23% (A), 05/04/2022		672,235		642,993
Meredith Corp.
Term Loan B,
1-Month LIBOR + 2.75%, 4.98% (A), 01/31/2025		363,215		364,123
Nexstar Broadcasting, Inc.
Term Loan B4,
TBD, 06/19/2026 (C) (H)		582,365		581,273
Numericable Group SA
Term Loan B11,
1-Month LIBOR + 2.75%, 4.98% (A), 07/31/2025		307,663		294,049
Rentpath, Inc.
2nd Lien Term Loan,
1-Month LIBOR + 9.00%, 11.24% (A), 12/17/2022		765,000		91,800
Sinclair Television Group, Inc.
Term Loan B,
TBD, 07/17/2026 (C) (H)		207,368		207,497
Telenet Financing LLC
Term Loan AN,
1-Month LIBOR + 2.25%, 4.58% (A), 08/15/2026		583,974		581,200
Tribune Media Co.
Term Loan C,
1-Month LIBOR + 3.00%, 5.23% (A), 01/27/2024		625,000		623,698
				9,053,718
Metals & Mining - 0.3%
Covia Holdings Corp.
Term Loan,
3-Month LIBOR + 4.00%, 6.31% (A), 06/01/2025		510,927		430,967
Hampton Rubber Co.
1st Lien Term Loan,
1-Month LIBOR + 4.00%, 6.23% (A), 03/27/2021		615,759		608,062
U.S. Silica Co.
Term Loan B,
1-Month LIBOR + 4.00%, 6.25% (A), 05/01/2025		906,228		865,259
				1,904,288
Mortgage Real Estate Investment Trusts - 0.0% (D)
Starwood Property Trust, Inc.
Term Loan B,
TBD, 07/10/2026 (C) (H)		97,542		98,030

The notes are an integral part of this report. Transamerica Funds Page    16

Transamerica Unconstrained Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
LOAN ASSIGNMENTS (continued)
Multiline Retail - 0.1%
Hudson’s Bay Co.
Term Loan B,
1-Month LIBOR + 3.25%, 5.64% (A), 09/30/2022		$   370,014		$   369,274
Oil, Gas & Consumable Fuels - 0.5%
EG America LLC
2nd Lien Term Loan,
3-Month LIBOR + 8.00%, 10.33% (A), 04/20/2026		175,229		173,148
Term Loan,
3-Month LIBOR + 4.00%, 6.33% (A), 02/07/2025		489,467		483,654
Lucid Energy Group II Borrower LLC
1st Lien Term Loan,
1-Month LIBOR + 3.00%, 5.23% (A), 02/17/2025		821,895		791,074
Medallion Midland Acquisition LLC
1st Lien Term Loan,
1-Month LIBOR + 3.25%, 5.48% (A), 10/30/2024		493,167		487,002
Osum Production Corp.
Term Loan,
3-Month LIBOR + 9.50%, 11.83% (A), 07/31/2022		860,455		774,410
TEX Operations Co. LLC
Term Loan B,
1-Month LIBOR + 2.00%, 4.23% (A), 08/04/2023		631,801		632,365
				3,341,653
Personal Products - 0.1%
Coty, Inc.
Term Loan B,
1-Month LIBOR + 2.25%, 4.61% (A), 04/07/2025		944,057		906,295
Pharmaceuticals - 0.6%
Akorn, Inc.
Term Loan B,
1-Month LIBOR + 7.00%, 9.25% (A), 04/16/2021		411,798		377,825
Alphabet Holding Co., Inc.
1st Lien Term Loan,
1-Month LIBOR + 3.50%, 5.73% (A), 09/26/2024		596,246		561,515
Alvogen Pharma, Inc.
Term Loan B,
1-Month LIBOR + 4.75%, 6.98% (A), 04/02/2022		587,551		533,937
Amneal Pharmaceuticals LLC
Term Loan B,
1-Month LIBOR + 3.50%, 5.75% (A), 05/04/2025		453,216		415,825
Bausch Health Companies, Inc.
Term Loan B,
1-Month LIBOR + 2.75%, 5.13% (A), 11/27/2025		722,198		721,656
1-Month LIBOR + 3.00%, 5.38% (A), 06/02/2025		134,385		134,553

	Principal		Value
LOAN ASSIGNMENTS (continued)
Pharmaceuticals (continued)
Catalent Pharma Solutions, Inc.
Term Loan B2,
1-Month LIBOR + 2.25%, 4.48% (A), 05/18/2026		$   401,049		$   402,385
Endo Finance Co. I SARL
Term Loan B,
3-Month LIBOR + 4.25%, 6.50% (A), 04/29/2024		755,743		683,569
				3,831,265
Professional Services - 0.1%
Everi Payments, Inc.
Term Loan B,
1-Month LIBOR + 3.00%, 5.23% (A), 05/09/2024		462,526		463,003
Stiphout Finance LLC
1st Lien Term Loan,
1-Month LIBOR + 3.00%, 5.23% (A), 10/26/2022		370,333		366,630
				829,633
Real Estate Management & Development - 0.3%
Brookfield WEC Holdings, Inc.
1st Lien Term Loan,
1-Month LIBOR + 3.50%, 5.73% (A), 08/01/2025		607,153		609,683
CityCenter Holdings LLC
Term Loan B,
1-Month LIBOR + 2.25%, 4.48% (A), 04/18/2024		926,694		927,389
DTZ Borrower LLC
Term Loan B,
1-Month LIBOR + 3.25%, 5.48% (A), 08/21/2025 (C)		867,995		870,527
				2,407,599
Road & Rail - 0.1%
PODS LLC
1st Lien Term Loan,
1-Month LIBOR + 2.75%, 5.05% (A), 12/06/2024		373,102		370,459
Semiconductors & Semiconductor Equipment - 0.2%
Bright Bidco BV
Term Loan B,
1-Month LIBOR + 3.50%, 5.73% (A), 06/30/2024		217,798		143,202
3-Month LIBOR + 3.50%, 5.83% (A), 06/30/2024		451,104		296,601
MaxLinear, Inc.
Term Loan B,
1-Month LIBOR + 2.50%, 4.81% (A), 05/12/2024		332,805		331,141
Microchip Technology, Inc.
Term Loan B,
1-Month LIBOR + 2.00%, 4.24% (A), 05/29/2025		300,172		299,891
				1,070,835

The notes are an integral part of this report. Transamerica Funds Page    17

Transamerica Unconstrained Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
LOAN ASSIGNMENTS (continued)
Software - 2.0%
Almonde, Inc.
1st Lien Term Loan,
1-Month LIBOR + 3.50%, 5.73% (A), 06/13/2024		$   696,349		$   682,771
2nd Lien Term Loan,
1-Month LIBOR + 7.25%, 9.45% (A), 06/13/2025		265,000		262,350
Applied Systems, Inc.
1st Lien Term Loan,
3-Month LIBOR + 3.00%, 5.33% (A), 09/19/2024		626,810		624,616
2nd Lien Term Loan,
3-Month LIBOR + 7.00%, 9.33% (A), 09/19/2025		249,232		251,350
Barracuda Networks, Inc.
1st Lien Term Loan,
3-Month LIBOR + 3.25%, 5.77% (A), 02/12/2025		534,013		535,015
Comet Acquisition, Inc.
Term Loan,
3-Month LIBOR + 3.50%, 6.02% (A), 10/24/2025		349,123		346,941
Corel Corp.
Term Loan,
3-Month LIBOR + 5.00%, 7.32% (A), 06/26/2026		470,891		453,821
Cypress Intermediate Holdings III, Inc.
1st Lien Term Loan,
1-Month LIBOR + 2.75%, 4.99% (A), 04/26/2024		427,209		422,936
Epicor Software Corp.
1st Lien Term Loan,
1-Month LIBOR + 3.25%, 5.49% (A), 06/01/2022		704,296		702,007
Greeneden Holdings II LLC
Term Loan B,
1-Month LIBOR + 3.25%, 5.48% (A), 12/01/2023		643,987		640,097
Houghton Mifflin Harcourt Publishing Co.
Term Loan B,
1-Month LIBOR + 3.00%, 5.23% (A), 05/31/2021		647,627		619,131
Infor, Inc.
Term Loan B6,
3-Month LIBOR + 2.75%, 5.08% (A), 02/01/2022		652,791		653,608
Informatica LLC
Term Loan,
1-Month LIBOR + 3.25%, 5.48% (A), 08/05/2022		646,750		648,528
ION Trading Technologies SARL
Term Loan B,
3-Month LIBOR + 4.00%, 6.65% (A), 11/21/2024		640,852		618,423
Kronos, Inc.
2nd Lien Term Loan,
3-Month LIBOR + 8.25%, 10.83% (A), 11/01/2024		240,000		246,840
Term Loan B,
3-Month LIBOR + 3.00%, 5.58% (A), 11/01/2023		617,406		617,792
MA FinanceCo. LLC
Term Loan B2,
1-Month LIBOR + 2.25%, 4.48% (A), 11/19/2021		429,140		426,637
Term Loan B3,
1-Month LIBOR + 2.50%, 4.73% (A), 06/21/2024		61,780		61,278

	Principal		Value
LOAN ASSIGNMENTS (continued)
Software (continued)
McAfee LLC
Term Loan B,
1-Month LIBOR + 3.75%, 5.99% (A), 09/30/2024		$   859,178		$   858,462
RP Crown Parent LLC
Term Loan B,
1-Month LIBOR + 2.75%, 4.98% (A), 10/12/2023 (C)		754,786		752,521
Seattle Spinco, Inc.
Term Loan B3,
1-Month LIBOR + 2.50%, 4.73% (A), 06/21/2024		417,216		413,826
Sophia, LP
Term Loan B,
3-Month LIBOR + 3.25%, 5.58% (A), 09/30/2022		900,557		899,618
SS&C Technologies Holdings SARL
Term Loan B4,
1-Month LIBOR + 2.25%, 4.48% (A), 04/16/2025		104,342		104,244
SS&C Technologies, Inc.
Term Loan B3,
1-Month LIBOR + 2.25%, 4.48% (A), 04/16/2025		153,255		153,111
Term Loan B5,
1-Month LIBOR + 2.25%, 4.48% (A), 04/16/2025 (C)		224,879		224,739
Ultimate Software Group, Inc.
Term Loan B,
3-Month LIBOR + 3.75%, 6.08% (A), 05/04/2026		400,548		403,427
Vertafore, Inc.
1st Lien Term Loan,
1-Month LIBOR + 3.25%, 5.48% (A), 07/02/2025		637,394		625,177
2nd Lien Term Loan,
1-Month LIBOR + 7.25%, 9.48% (A), 07/02/2026		322,041		320,699
				13,569,965
Specialty Retail - 0.2%
Bass Pro Group LLC
Term Loan B,
1-Month LIBOR + 5.00%, 7.23% (A), 09/25/2024		1,230,352		1,162,682
JP Intermediate B LLC
Term Loan,
3-Month LIBOR + 5.50%, 7.76% (A), 11/20/2025		317,747		271,674
				1,434,356
Technology Hardware, Storage & Peripherals - 0.2%
Dell International LLC
Term Loan B,
1-Month LIBOR + 2.00%, 4.24% (A), 09/07/2023		630,189		631,765
Diebold, Inc.
Term Loan B,
1-Month LIBOR + 2.75%, 5.13% (A), 11/06/2023		592,098		558,052
				1,189,817

The notes are an integral part of this report. Transamerica Funds Page    18

Transamerica Unconstrained Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Principal		Value
LOAN ASSIGNMENTS (continued)
Textiles, Apparel & Luxury Goods - 0.1%
Varsity Brands, Inc.
Term Loan B,
1-Month LIBOR + 3.50%, 5.73% (A), 12/15/2024		$   618,593		$   608,025
Trading Companies & Distributors - 0.1%
ASP Unifrax Holdings, Inc.
Term Loan B,
1-Month LIBOR + 3.75%, 6.08% (A), 12/12/2025		368,150		353,884
Univar, Inc.
Term Loan B,
1-Month LIBOR + 2.25%, 4.48% (A), 07/01/2024		575,659		575,351
				929,235
Wireless Telecommunication Services - 0.2%
Sprint Communications, Inc.
1st Lien Term Loan B,
1-Month LIBOR + 2.50%, 4.75% (A), 02/02/2024		1,573,603		1,568,358
Total Loan Assignments (Cost $112,331,716)				110,458,898
U.S. GOVERNMENT AGENCY OBLIGATION - 0.2%
Federal National Mortgage Association
4.00%, 03/01/2049		1,517,708		1,570,567
Total U.S. Government Agency Obligation (Cost $1,559,919)				1,570,567
U.S. GOVERNMENT OBLIGATIONS - 0.6%
U.S. Treasury - 0.6%
U.S. Treasury Note
1.75%, 04/30/2022 - 06/30/2024		3,400,000		3,389,852
2.63%, 02/15/2029		600,000		631,289
Total U.S. Government Obligations (Cost $3,949,696)				4,021,141
	Shares		Value
COMMON STOCKS - 0.0% (D)
Household Durables - 0.0% (D)
API Heat Transfer Intermediate Corp. (I)		472,381		136,991
Machinery - 0.0% (D)
Ameriforge Group, Inc. (I) (J) (K) (L)		2,679		128,592
Total Common Stocks (Cost $247,541)				265,583
PREFERRED STOCKS - 2.4%
Banks - 1.3%
Banco Santander SA,
3-Month LIBOR + 0.52%, 4.00% (A)		49,970		1,145,312
Bank of America Corp.,
Series K*, Fixed until 12/15/2066, 6.45% (A) (G)		6,800		178,908

	Shares		Value
PREFERRED STOCKS (continued)
Banks (continued)
Deutsche Bank Contingent Capital Trust II,
6.55% (G)		39,850		$   980,709
GMAC Capital Trust I,
Series 2, 3-Month LIBOR + 5.79%, 8.30% (A)		259,000		6,827,240
				9,132,169
Capital Markets - 0.2%
Oaktree Capital Group LLC
Series A, 6.63% (G)		14,800		396,936
Series B, 6.55% (G)		25,871		693,601
				1,090,537
Household Durables - 0.0% (D)
API Heat Transfer Intermediate Corp.,
0.00%		100,682		78,532
Insurance - 0.6%
Athene Holding, Ltd.,
Series A, Fixed until 06/30/2029, 6.35% (A)		155,850		4,257,822
Oil, Gas & Consumable Fuels - 0.2%
Energy Transfer Operating, LP,
Series E, Fixed until 05/15/2024, 7.60% (A)		44,550		1,107,958
Real Estate Management & Development - 0.1%
Brookfield Property Partners, LP,
Series A, 6.50%		30,325		778,746
Total Preferred Stocks (Cost $15,973,358)				16,445,764
	Principal		Value
SHORT-TERM U.S. GOVERNMENT OBLIGATIONS - 4.7%
U.S. Treasury Bill
2.12% (M), 10/10/2019 (N)		$  1,350,000		1,344,627
2.40% (M), 01/02/2020 (N)		210,000		208,189
2.44% (M), 10/03/2019		30,375,000		30,266,863
Total Short-Term U.S. Government Obligations (Cost $31,801,126)				31,819,679
	Shares		Value
SHORT-TERM INVESTMENT COMPANIES - 9.6%
Money Market Funds - 9.6%
State Street Institutional U.S. Government Money Market Fund		64,965,778		64,965,778
Total Short-Term Investment Companies (Cost $64,965,778)				64,965,778
OTHER INVESTMENT COMPANY - 1.8%
Securities Lending Collateral - 1.8%
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 2.32% (M)		12,041,785		12,041,785
Total Other Investment Company (Cost $12,041,785)				12,041,785
Total Investments (Cost $704,475,053)				711,404,657
Net Other Assets (Liabilities) - (4.6)%				(31,240,379	)
Net Assets - 100.0%				$  680,164,278

The notes are an integral part of this report. Transamerica Funds Page    19

Transamerica Unconstrained Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

FUTURES CONTRACTS:

Short Futures Contracts:

Description	Number of Contracts	Expiration Date	Notional Amount	Value	Unrealized Appreciation	Unrealized Depreciation
10-Year U.S. Treasury Note	(930)	09/19/2019	$    (117,199,623)	$    (118,502,344)	$    —	$    (1,302,721)

FORWARD FOREIGN CURRENCY CONTRACTS:

Counterparty	Settlement Date	Currency Purchased		Currency Sold		Unrealized Appreciation		Unrealized Depreciation
JPMS	10/24/2019	USD	10,929,035	EUR	9,761,257	$	47,330	$    —

SECURITY VALUATION:

Valuation Inputs ^(O)

	Level 1 - Unadjusted Quoted Prices			Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs (P)		Value
ASSETS
Investments
Asset-Backed Securities	$	—		$	132,532,737	$	—	$	132,532,737
Corporate Debt Securities		—			314,599,721		—		314,599,721
Foreign Government Obligations		—			22,683,004		—		22,683,004
Loan Assignments		—			110,458,898		—		110,458,898
U.S. Government Agency Obligation		—			1,570,567		—		1,570,567
U.S. Government Obligations		—			4,021,141		—		4,021,141
Common Stocks		—			136,991		128,592		265,583
Preferred Stocks		16,367,232			78,532		—		16,445,764
Short-Term U.S. Government Obligations		—			31,819,679		—		31,819,679
Short-Term Investment Companies		64,965,778			—		—		64,965,778
Other Investment Company		12,041,785			—		—		12,041,785
Total Investments	$	93,374,795		$	617,901,270	$	128,592	$	711,404,657
Other Financial Instruments
Forward Foreign Currency Contracts (Q)	$	—		$	47,330	$	—	$	47,330
Total Other Financial Instruments	$	—		$	47,330	$	—	$	47,330
LIABILITIES
Other Financial Instruments
Futures Contracts (Q)	$	(1,302,721	)	$	—	$	—	$	(1,302,721	)
Total Other Financial Instruments	$	(1,302,721	)	$	—	$	—	$	(1,302,721	)

Transfers

Investments	Transfers from Level 1 to Level 3		Transfers from Level 3 to Level 1		Transfers from Level 2 to Level 3		Transfers from Level 3 to Level 2
Common Stocks (K)	$	128,592	$	—	$	—	$	—

The notes are an integral part of this report. Transamerica Funds Page    20

Transamerica Unconstrained Bond

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	Floating or variable rate securities. The rates disclosed are as of July 31, 2019. For securities based on a published reference rate and spread, the reference rate and spread are indicated within the description. Variable rate securities with a floor or ceiling feature are disclosed at the inherent rate, where applicable. Certain variable rate securities are not based on a published reference rate and spread, but are determined by the issuer or agent and are based on current market conditions; these securities do not indicate a reference rate and spread in the description.
(B)	Securities are registered pursuant to Rule 144A of the Securities Act of 1933. Unless otherwise indicated, the securities are deemed to be liquid for purposes of compliance limitations on holdings of illiquid securities and may be resold as transactions exempt from registration, normally to qualified institutional buyers. At July 31, 2019, the total value of 144A securities is $152,985,293, representing 22.5% of the Fund’s net assets.
(C)	When-issued, delayed-delivery and/or forward commitment (including TBAs) securities. Securities to be settled and delivered after July 31, 2019. Securities may display a coupon rate of 0.00%, as the rate is to be determined at time of settlement.
(D)	Percentage rounds to less than 0.1% or (0.1)%.
(E)	Securities are exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside the United States. Securities may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933. At July 31, 2019, the total value of Regulation S securities is $79,818,019, representing 11.7% of the Fund’s net assets.
(F)	Perpetual maturity. The date displayed is the next call date.
(G)	All or a portion of the securities are on loan. The total value of all securities on loan is $11,786,788. 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.
(H)	All or a portion of the security represents unsettled loan commitments at July 31, 2019 where the rate will be determined at time of settlement.
(I)	Non-income producing securities.
(J)	Fair valued as determined in good faith in accordance with procedures established by the Board. At July 31, 2019, the value of the security is $128,592, representing less than 0.1% of the Fund’s net assets.
(K)	Transferred from Level 1 to 3 due to utilizing significant unobservable inputs. As of prior reporting period, the security utilized significant observable inputs.
(L)	Security is Level 3 of the fair value hierarchy.
(M)	Rates disclosed reflect the yields at July 31, 2019.
(N)	All or a portion of these securities have been segregated by the custodian as collateral to cover margin requirements for open futures contracts. The total value of such securities is $1,560,000.
(O)	The Fund recognizes transfers in and out of Level 3 as of July 31, 2019. Please reference the Security Valuation section of the Notes to Schedules of Investments for more information regarding security valuation and pricing inputs.
(P)	Level 3 securities were not considered significant to the Fund.
(Q)	Futures contracts and/or forward foreign currency contracts are valued at unrealized appreciation (depreciation).

CURRENCY ABBREVIATION:

EUR	Euro
USD	United States Dollar

COUNTERPARTY ABBREVIATION:

JPMS JPMorgan Securities LLC

PORTFOLIO ABBREVIATIONS:

LIBOR	London Interbank Offered Rate
MTN	Medium Term Note
TBD	To Be Determined

The notes are an integral part of this report. Transamerica Funds Page    21

Transamerica US Growth

SCHEDULE OF INVESTMENTS

At July 31, 2019

(unaudited)

	Shares		Value
COMMON STOCKS - 99.5%
Aerospace & Defense - 1.3%
Raytheon Co.		80,771		$  14,723,746
Banks - 0.6%
SVB Financial Group (A)		28,597		6,633,646
Beverages - 2.5%
Constellation Brands, Inc., Class A		78,144		15,380,302
Monster Beverage Corp. (A)		195,858		12,626,965
				28,007,267
Biotechnology - 2.2%
Neurocrine Biosciences, Inc. (A)		97,584		9,406,122
Seattle Genetics, Inc. (A)		98,283		7,441,006
Vertex Pharmaceuticals, Inc. (A)		49,870		8,309,339
				25,156,467
Building Products - 1.1%
Fortune Brands Home & Security, Inc.		237,718		13,060,227
Capital Markets - 1.6%
BlackRock, Inc.		14,856		6,947,854
Intercontinental Exchange, Inc.		125,135		10,994,361
				17,942,215
Chemicals - 1.8%
PPG Industries, Inc.		109,625		12,868,879
Sherwin-Williams Co.		14,429		7,402,654
				20,271,533
Commercial Services & Supplies - 0.8%
Copart, Inc. (A)		116,137		9,004,102
Consumer Finance - 0.8%
Capital One Financial Corp.		94,245		8,710,123
Diversified Telecommunication Services - 1.2%
Verizon Communications, Inc.		245,514		13,569,559
Electrical Equipment - 1.6%
AMETEK, Inc.		123,656		11,080,814
Eaton Corp. PLC		92,349		7,590,164
				18,670,978
Electronic Equipment, Instruments & Components - 1.0%
CDW Corp.		93,752		11,077,736
Entertainment - 2.1%
Activision Blizzard, Inc.		225,980		11,014,265
Walt Disney Co.		93,176		13,325,100
				24,339,365
Equity Real Estate Investment Trusts - 1.2%
American Tower Corp.		67,285		14,238,852
Food & Staples Retailing - 1.8%
Costco Wholesale Corp.		72,748		20,051,531
Health Care Equipment & Supplies - 4.7%
Baxter International, Inc.		208,936		17,544,356
Boston Scientific Corp. (A)		310,110		13,167,271

	Shares		Value
COMMON STOCKS (continued)
Health Care Equipment & Supplies (continued)
Edwards Lifesciences Corp. (A)		52,659		$   11,208,468
Teleflex, Inc.		34,071		11,575,281
				53,495,376
Health Care Providers & Services - 2.4%
UnitedHealth Group, Inc.		107,701		26,818,626
Hotels, Restaurants & Leisure - 1.2%
Hilton Worldwide Holdings, Inc.		143,375		13,842,856
Household Products - 1.3%
Colgate-Palmolive Co.		204,882		14,698,235
Insurance - 0.9%
Allstate Corp.		91,492		9,826,241
Interactive Media & Services - 10.4%
Alphabet, Inc., Class A (A)		44,515		54,228,173
Alphabet, Inc., Class C (A)		16,334		19,873,251
Facebook, Inc., Class A (A)		230,346		44,740,104
				118,841,528
Internet & Direct Marketing Retail - 7.2%
Amazon.com, Inc. (A)		35,204		65,718,123
Booking Holdings, Inc. (A)		5,662		10,681,986
Wayfair, Inc., Class A (A)		46,614		6,113,892
				82,514,001
IT Services - 10.4%
EPAM Systems, Inc. (A)		50,132		9,715,080
FleetCor Technologies, Inc. (A)		69,697		19,805,796
Global Payments, Inc.		113,353		19,034,236
GoDaddy, Inc., Class A (A)		240,283		17,631,967
Mastercard, Inc., Class A		127,592		34,739,474
PayPal Holdings, Inc. (A)		161,652		17,846,381
				118,772,934
Life Sciences Tools & Services - 1.5%
Thermo Fisher Scientific, Inc.		60,873		16,903,215
Machinery - 3.5%
Illinois Tool Works, Inc.		84,733		13,068,371
Middleby Corp. (A)		57,453		7,720,534
Nordson Corp.		78,307		11,092,970
Snap-on, Inc.		50,502		7,707,110
				39,588,985
Oil, Gas & Consumable Fuels - 0.5%
Continental Resources, Inc. (A)		149,061		5,540,597
Pharmaceuticals - 0.8%
Allergan PLC		53,608		8,604,084
Professional Services - 1.4%
Equifax, Inc.		54,243		7,544,659
IHS Markit, Ltd. (A)		131,947		8,500,026
				16,044,685
Road & Rail - 1.2%
Norfolk Southern Corp.		50,427		9,637,608
Uber Technologies, Inc. (A) (B)		85,687		3,610,850
				13,248,458

The notes are an integral part of this report. Transamerica Funds Page    1

Transamerica US Growth

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Semiconductors & Semiconductor Equipment - 3.4%
Advanced Micro Devices, Inc. (A)		409,293		$   12,462,972
Marvell Technology Group, Ltd.		373,733		9,814,229
Micron Technology, Inc. (A)		221,843		9,958,532
ON Semiconductor Corp. (A)		326,648		7,026,198
				39,261,931
Software - 14.7%
Adobe, Inc. (A)		62,216		18,593,874
DocuSign, Inc. (A)		154,375		7,984,275
Guidewire Software, Inc. (A)		116,671		11,909,776
Microsoft Corp.		521,578		71,075,434
salesforce.com, Inc. (A)		142,950		22,085,775
ServiceNow, Inc. (A)		51,776		14,362,144
SS&C Technologies Holdings, Inc.		229,941		11,025,671
Workday, Inc., Class A (A)		53,297		10,658,334
				167,695,283
Specialty Retail - 1.3%
TJX Cos., Inc.		280,846		15,322,958
Technology Hardware, Storage & Peripherals - 6.3%
Apple, Inc.		297,815		63,446,508
NetApp, Inc.		141,415		8,271,363
				71,717,871
Textiles, Apparel & Luxury Goods - 4.8%
NIKE, Inc., Class B		257,423		22,146,100
PVH Corp.		99,616		8,857,855
Under Armour, Inc., Class C (A)		523,909		10,656,309
VF Corp.		151,928		13,276,988
				54,937,252
Total Common Stocks (Cost $662,403,533)				1,133,132,463

	Shares		Value
OTHER INVESTMENT COMPANY - 0.3%
Securities Lending Collateral - 0.3%
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 2.32% (C)		3,647,690		$   3,647,690
Total Other Investment Company (Cost $3,647,690)				3,647,690
	Principal		Value
REPURCHASE AGREEMENT - 0.7%
Fixed Income Clearing Corp., 1.45% (C), dated 07/31/2019, to be repurchased at $8,518,691 on 08/01/2019. Collateralized by U.S. Government Obligations, 1.13% - 2.38%, due 02/28/2021 - 03/15/2021, and with a total value of $8,692,555.		$  8,518,348		8,518,348
Total Repurchase Agreement (Cost $8,518,348)				8,518,348
Total Investments (Cost $674,569,571)				1,145,298,501
Net Other Assets (Liabilities) - (0.5)%				(5,685,199	)
Net Assets - 100.0%				$  1,139,613,302

SECURITY VALUATION:

Valuation Inputs ^(D)

	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Common Stocks	$	1,133,132,463	$	—	$	—	$	1,133,132,463
Other Investment Company		3,647,690		—		—		3,647,690
Repurchase Agreement		—		8,518,348		—		8,518,348
Total Investments	$	1,136,780,153	$	8,518,348	$	—	$	1,145,298,501

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	Non-income producing securities.
(B)	All or a portion of the security is on loan. The value of the security on loan is $3,574,736. The amount on loan indicated may not correspond with the security on loan identified because a security with pending sales are in the process of recall from the brokers.
(C)	Rates disclosed reflect the yields at July 31, 2019.
(D)	There were no transfers in or out of Level 3 during the period ended July 31, 2019. Please reference the Security Valuation section of the Notes to Schedules of Investments for more information regarding security valuation and pricing inputs.

The notes are an integral part of this report. Transamerica Funds Page    2

NOTES TO SCHEDULES OF INVESTMENTS

At July 31, 2019

(unaudited)

1. ORGANIZATION

Transamerica Funds (the “Trust”) is an open-end management investment company registered under the Investment Company Act of 1940, as amended (the “1940 Act”). The Trust applies investment company accounting and reporting guidance. The funds (each, a “Fund” and collectively, the “Funds”) are each a series of the Trust and are as follows:

Fund Fund

Transamerica Asset Allocation – Conservative Portfolio (“Asset Allocation – Conservative”)

Transamerica Asset Allocation – Growth Portfolio (“Asset Allocation – Growth”)

Transamerica Asset Allocation – Moderate Growth Portfolio (“Asset Allocation – Moderate Growth”)

Transamerica Asset Allocation – Moderate Portfolio (“Asset Allocation – Moderate”)

Transamerica Asset Allocation Intermediate Horizon (“Intermediate Horizon”)

Transamerica Asset Allocation Long Horizon (“Long Horizon”)

Transamerica Asset Allocation Short Horizon (“Short Horizon”)

Transamerica Balanced II (“Balanced II”)

Transamerica Bond (“Bond”)

Transamerica Capital Growth (“Capital Growth”)

Transamerica ClearTrack^® 2015 (“ClearTrack^® 2015”) ^(A)

Transamerica ClearTrack^® 2020 (“ClearTrack^® 2020”) ^(B)

Transamerica ClearTrack^® 2025 (“ClearTrack^® 2025”) ^(C)

Transamerica ClearTrack^® 2030 (“ClearTrack^® 2030”) ^(D)

Transamerica ClearTrack^® 2035 (“ClearTrack^® 2035”) ^(E)

Transamerica ClearTrack^® 2040 (“ClearTrack^® 2040”) ^(F)

Transamerica ClearTrack^® 2045 (“ClearTrack^® 2045”) ^(G)

Transamerica ClearTrack^® 2050 (“ClearTrack^® 2050”) ^(H)

Transamerica ClearTrack^® 2055 (“ClearTrack^® 2055”) ^(I)

Transamerica ClearTrack^® 2060 (“ClearTrack^® 2060”) ^(J)

Transamerica ClearTrack^® Retirement Income (“ClearTrack^® Retirement Income”) ^(K)

Transamerica Concentrated Growth (“Concentrated Growth”)

Transamerica Core Bond (“Core Bond”)

Transamerica Dividend Focused (“Dividend Focused”)

Transamerica Dynamic Allocation (“Dynamic Allocation”)

Transamerica Dynamic Income (“Dynamic Income”)

Transamerica Emerging Markets Debt (“Emerging Markets Debt”)

Transamerica Emerging Markets Equity (“Emerging Markets Equity”)

Transamerica Event Driven (“Event Driven”)

Transamerica Floating Rate (“Floating Rate”)

Transamerica Global Equity (“Global Equity”)

Transamerica Global Multifactor Macro (“Global Multifactor Macro”) ^(L)

Transamerica Global Real Estate Securities (“Global Real Estate Securities”)

Transamerica Growth (“Growth”)

Transamerica High Quality Bond (“High Quality Bond”)

Transamerica High Yield Bond (“High Yield Bond”)

Transamerica High Yield Muni (“High Yield Muni”)

Transamerica Inflation Opportunities (“Inflation Opportunities”)

Transamerica Inflation-Protected Securities (“Inflation-Protected Securities”)

Transamerica Intermediate Bond (“Intermediate Bond”)

Transamerica Intermediate Muni (“Intermediate Muni”)

Transamerica International Equity (“International Equity”)

Transamerica International Growth (“International Growth”)

Transamerica International Small Cap Value (“International Small Cap Value”)

Transamerica International Stock (“International Stock”)

Transamerica International Value (“International Value”)

Transamerica Large Cap Value (“Large Cap Value”)

Transamerica Large Core (“Large Core”)

Transamerica Large Growth (“Large Growth”)

Transamerica Large Value Opportunities (“Large Value Opportunities”)

Transamerica Long/Short Strategy (“Long/Short Strategy”)

Transamerica Managed Futures Strategy (“Managed Futures Strategy”) ^(L)

Transamerica Mid Cap Growth (“Mid Cap Growth”)

Transamerica Mid Cap Value (“Mid Cap Value”)

Transamerica Mid Cap Value Opportunities (“Mid Cap Value Opportunities”)

Transamerica MLP & Energy Income (“MLP & Energy Income”)

Transamerica Multi-Asset Income (“Multi-Asset Income”) ^(M)

Transamerica Multi-Cap Growth (“Multi-Cap Growth”)

Transamerica Multi-Managed Balanced (“Multi-Managed Balanced”)

Transamerica Multi-Manager Alternative Strategies Portfolio (“Multi-Manager Alternative Strategies”)

Transamerica Short-Term Bond (“Short-Term Bond”)

Transamerica Small Cap Core (“Small Cap Core”)

Transamerica Small Cap Growth (“Small Cap Growth”)

Transamerica Small Cap Value (“Small Cap Value”)

Transamerica Small/Mid Cap Value (“Small/Mid Cap Value”)

Transamerica Total Return (“Total Return”)

Transamerica Unconstrained Bond (“Unconstrained Bond”)

Transamerica US Growth (“US Growth”)

(A)	Formerly, ClearTrack® 2015.
(B)	Formerly, ClearTrack® 2020.
(C)	Formerly, ClearTrack® 2025.
(D)	Formerly, ClearTrack® 2030.
(E)	Formerly, ClearTrack® 2035.
(F)	Formerly, ClearTrack® 2040.
(G)	Formerly, ClearTrack® 2045.
(H)	Formerly, ClearTrack® 2050.

Transamerica Funds Page    1

NOTES TO SCHEDULES OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

1. ORGANIZATION (continued)

(I)	Formerly, ClearTrack® 2055.
(J)	Formerly, ClearTrack® 2060.
(K)	Formerly, ClearTrack® Retirement Income.
(L)	Transamerica Cayman Global Multifactor Macro, Ltd. and Transamerica Cayman Managed Futures Strategy, Ltd. are wholly-owned subsidiaries which act as investment vehicles for Global Multifactor Macro and Managed Futures Strategy, respectively. Please reference the Basis for Consolidation section of the Notes to Schedule of Investments for more information.
(M)	Formerly, Transamerica Strategic High Income.

Emerging Markets Debt, Event Driven, Global Multifactor Macro, Global Real Estate Securities, High Yield Muni, Managed Futures Strategy and MLP & Energy Income are “non-diversified” Funds, as defined under the 1940 Act.

Transamerica Asset Management, Inc. (“TAM”) serves as investment manager for the Funds pursuant to an investment management agreement. TAM provides continuous and regular investment management services to the Funds. TAM supervises each Fund’s investments, conducts its investment program and provides supervisory, compliance and administrative services to the Funds.

TAM is responsible for the day-to-day management of Intermediate Horizon, Long Horizon and Short Horizon. For each of the other Funds, TAM currently acts as a “manager of managers” and hires sub-advisers to furnish day-to-day investment advice and recommendations. TAM may, in the future, determine to provide all aspects of the day-to-day management of these other Funds without the use of a sub-adviser. When acting as a manager of managers, TAM provides investment management services that include, without limitation, the design and development of the Funds and their investment strategies and the ongoing review and evaluation of those investment strategies including recommending changes in strategy where it believes appropriate or advisable; the selection of one or more sub-advisers for the Funds employing a combination of quantitative and qualitative screens, research, analysis and due diligence; negotiation of sub-advisory agreements and fees; oversight and monitoring of sub-advisers and recommending changes to sub-advisers where it believes appropriate or advisable; recommending fund combinations and liquidations where it believes appropriate or advisable; selection and oversight of transition managers, as needed; regular supervision of the Funds’ investments; regular review and evaluation of sub-adviser performance; daily monitoring of the sub-advisers’ buying and selling of securities for the Funds; regular review of holdings; ongoing trade oversight and analysis; regular monitoring to ensure adherence to investment process; regular calls and periodic on-site visits with sub-advisers; portfolio construction and asset allocation when using multiple sub-advisers for a Fund; risk management oversight and analysis; oversight of negotiation of investment documentation and agreements; design, development, implementation and regular monitoring of the valuation process; periodic due diligence reviews of pricing vendors and vendor methodology; design, development, implementation and regular monitoring of the compliance process; respond to regulatory inquiries and determine appropriate litigation strategy, as needed; review of proxies voted by sub-advisers; oversight of preparation, and review, of materials for meetings of the Funds’ Board of Trustees (the “Board”), participation in these meetings and preparation of regular communications with the Board; oversight of preparation, and review, of prospectuses, shareholder reports and other disclosure materials and regulatory filings for the Funds; oversight of other service providers to the Funds, such as the custodian, the transfer agent, the Funds’ independent accounting firm and legal counsel; supervision of the performance of recordkeeping and shareholder relations functions for the Funds; and oversight of cash management services. TAM uses a variety of quantitative and qualitative tools to carry out its investment management services. TAM, not the Funds, is responsible for paying the sub-adviser(s) for their services, and sub-advisory fees are TAM’s expense.

TAM’s investment management services also include the provision of supervisory and administrative services to the Funds. These services include performing certain administrative services for the Funds and supervising and overseeing the administrative, clerical, recordkeeping and bookkeeping services provided to the Funds by State Street Bank and Trust Company (“State Street”), to whom TAM has outsourced the provision of certain services as described below: to the extent agreed upon by TAM and the Funds from time to time, monitoring and verifying the custodian’s daily calculation of the Net Asset Values (“NAV”); shareholder relations functions; compliance services; valuation services; assisting in due diligence and in the oversight and monitoring of certain activities of sub-advisers and certain aspects of Fund investments; assisting with Fund combinations and liquidations; oversight of the preparation and filing, and review, of all returns and reports, in connection with federal, state and local taxes; oversight and review of regulatory reporting; supervising and coordinating the Funds’ custodian and dividend disbursing agent and monitoring their services to the Funds; assisting the Funds in preparing reports to shareholders; acting as liaison with the Funds’ independent public accountants and providing, upon request, analyses, fiscal year summaries and other audit related services; assisting in the preparation of agendas and supporting documents for and minutes of meetings of trustees and committees of trustees; assisting in the preparation of regular communications with the trustees; and providing personnel and office space, telephones and other office equipment as necessary in order for TAM to perform supervisory and administrative services to the Funds.

2. BASIS FOR CONSOLIDATION

Transamerica Cayman Global Multifactor Macro, Ltd. and Transamerica Cayman Managed Futures Strategy, Ltd. (each, a “Subsidiary” and collectively, the “Subsidiaries”) are organized under the laws of the Cayman Islands and are wholly-owned subsidiaries which act as investment vehicles for Global Multifactor Macro and Managed Futures Strategy, respectively. The principal purpose of investment of the Subsidiaries is to allow the Funds noted above to gain exposure to the commodity markets within the limitations of the federal tax law requirements applicable to regulated investment companies.

At July 31, 2019, the net assets of each Subsidiary as a percentage of each Fund’s net assets is as follows:

Fund	Subsidiary	Subsidiary Net Assets		Percentage of Net Assets
Global Multifactor Macro	Transamerica Cayman Global Multifactor Macro, Ltd.	$	18,011,004		23.40	%
Managed Futures Strategy	Transamerica Cayman Managed Futures Strategy, Ltd.		32,009,324		22.66

Transamerica Funds Page    2

NOTES TO SCHEDULES OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

3. SIGNIFICANT ACCOUNTING POLICIES

The following is a summary of significant accounting policies followed by the Funds.

Foreign currency denominated investments: The accounting records of the Funds are maintained in U.S. dollars. Securities and other assets and liabilities denominated in foreign currencies are translated into U.S. dollars based on the closing exchange rate each day. The cost of foreign securities purchased and any realized gains or losses are translated at the prevailing exchange rates in effect on the date of the respective transaction. Each Fund combines fluctuations from currency exchange rates and fluctuations in value when computing net realized and unrealized gains or losses from investments.

Net foreign currency gains and losses resulting from changes in exchange rates include, foreign currency fluctuations between trade date and settlement date of investment security transactions, gains and losses on forward foreign currency contracts, and the difference between the receivable amounts of interest and dividends recorded in the accounting records in U.S. dollars and the amounts actually received.

Foreign currency denominated assets may involve risks not typically associated with domestic transactions. These risks include revaluation of currencies, adverse fluctuations in foreign currency values, and possible adverse political, social, and economic developments, including those particular to a specific industry, country or region.

Security transactions and investment income: Security transactions are accounted for on the trade date. Security gains and losses are calculated on the specific identification basis. Dividend income, if any, is recorded on the ex-dividend date or, in the case of foreign securities, as soon as the Funds are informed of the ex-dividend dates, net of foreign taxes. Interest income, if any, including accretion of discounts and amortization of premiums, is recorded on the accrual basis commencing on the settlement date.

4. SECURITY VALUATION

All investments in securities are recorded at their estimated fair value. The Funds value their investments at the official close of the New York Stock Exchange (“NYSE”) each day the NYSE is open for business.

The Funds utilize various methods to measure the fair value of their 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 the Funds’ own assumptions used in determining the fair value of 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 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 Funds’ investments at July 31, 2019, is disclosed within the Security Valuation section of each Fund’s Schedule of Investments or Consolidated 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 Funds’ 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.

Transamerica Funds Page    3

NOTES TO SCHEDULES OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

4. SECURITY VALUATION (continued)

Exchange-traded funds (“ETF”): ETFs are stated at the last reported sale price or closing price on the day of valuation taken from the primary exchange where the ETF is principally traded. ETFs are generally categorized in Level 1 of the fair value hierarchy.

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.

Investment companies: Certain investment companies are valued at the NAV of the underlying Funds as the practical expedient. These investment companies are not included within the fair value hierarchy. Certain other investment companies are valued at the actively traded NAV of the underlying funds and no valuation adjustments are applied. These investment companies are categorized in Level 1 of the fair value hierarchy.

Securities lending collateral: Securities lending collateral is invested in a money market fund which is valued at the NAV and no valuation adjustments are applied. Securities lending collateral is categorized in Level 1 of the fair value hierarchy.

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.

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.

Convertible bonds: The fair value of convertible bonds is estimated using various techniques, which consider recently executed transactions in securities of the issuer or comparable issuers, broker price quotations (where observable), and models incorporating benchmark curves, underlying stock data, and foreign exchange rates. While most convertible bonds are categorized in Level 2 of the fair value hierarchy, in instances where lower relative weight is placed on transaction prices, quotations, or similar observable inputs, they are categorized in Level 3.

Corporate debt securities: The fair value of corporate debt securities is estimated using various techniques, which consider recently executed transactions in securities of the issuer or comparable issuers, market price quotations (where observable), bond spreads, fundamental data relating to the issuer, and credit default swap spreads adjusted for any basis difference between cash and derivative instruments. While most corporate debt securities are categorized in Level 2 of the fair value hierarchy, in instances where lower relative weight is placed on transaction prices, quotations, or similar observable inputs, they are categorized in Level 3.

Foreign government obligations: Foreign government obligations are normally valued using a model that incorporates market observable data such as reported sales of similar securities, broker quotes, yields, bids, offers, and reference data. Certain securities are valued by principally using dealer quotations. Foreign government obligations generally are categorized in Level 2 of the fair value hierarchy, or Level 3 if inputs are unobservable.

Loan assignments: Loan assignments are normally valued using an income approach, which projects future cash flows and converts those future cash flows to a present value using a discount rate. The resulting present value reflects the likely fair value of the loan. To the extent the inputs are observable and timely, the values would generally be categorized in Level 2 of the fair value hierarchy; otherwise are categorized in Level 3.

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.

Municipal government obligations: The fair value of municipal government obligations and variable rate notes is estimated based on models that consider, among other factors, information received from market makers and broker-dealers, current trades, bid-want lists, offerings, market movements, the liquidity of the bond, state of issuance, benchmark yield curves, and bond or note insurance. To the extent the inputs are observable and timely, the values would generally be categorized in Level 2 of the fair value hierarchy; otherwise they are categorized in Level 3.

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.

Short-term notes: A 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.

Transamerica Funds Page    4

NOTES TO SCHEDULES OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

4. SECURITY VALUATION (continued)

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.

Warrants: Warrants may be priced intrinsically using a model that incorporates the subscription or strike price, the daily market price for the underlying security, and a subscription ratio. If the inputs are unavailable, or if the subscription or strike price is higher than the market price, then the warrants are priced at zero. Warrants are generally categorized in Level 2 of the fair value hierarchy, or Level 3 if inputs are unobservable.

Restricted securities: Restricted securities for which quotations are not readily available are valued at fair value. Restricted securities issued by publicly traded companies are generally valued at a discount to similar publicly traded securities. Restricted securities issued by nonpublic entities may be valued by reference to comparable public entities and/or fundamental data relating to the issuer. Depending on the relative significance of observable valuation inputs, these instruments may be classified in either Level 2 or Level 3 of the fair value hierarchy.

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 Funds 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.

5. SECURITIES AND OTHER INVESTMENTS

Loan participations and assignments: The Funds may invest in direct debt instruments which are interests in amounts owed to lenders or lending syndicates by corporate, governmental, or other borrowers, either in the form of participations at the time the loan is originated (“Participations”) or buying an interest in the loan in the secondary market from a financial institution or institutional investor (“Assignments”). Participations and Assignments in commercial loans may be secured or unsecured. These investments may include standby financing commitments, including revolving credit facilities that obligate the Funds to supply additional cash to the borrowers on demand. Loan Participations and Assignments involve risks of insolvency of the lending banks or other financial intermediaries. As such, the Funds assume the credit risks associated with the corporate borrowers and may assume the credit risks associated with the interposed banks or other financial intermediaries.

Each Fund, based on its ability to invest in Loan Participations and Assignments, may be contractually obligated to receive approval from the agent banks and/or borrowers prior to the sale of these investments. The Funds that participate in such syndications, or that can buy a portion of the loans, become part lenders. Loans are often administered by agent banks acting as agents for all holders.

The agent banks administer the terms of the loans, as specified in the loan agreements. In addition, the agent banks are normally responsible for the collection of principal and interest payments from the corporate borrowers and the apportionment of these payments to the credit of all institutions that are parties to the loan agreements. Unless the Funds have direct recourse against the corporate borrowers under the terms of the loans or other indebtedness, the Funds may have to rely on the agent banks or other financial intermediaries to apply appropriate credit remedies against corporate borrowers.

Unfunded commitments represent the remaining obligation of the Funds to the borrower. At any point in time, up to the maturity date of the issue, the borrower may demand the unfunded portion. Funds not listed in the subsequent table do not have any unfunded commitments during the period.

Transamerica Funds Page    5

NOTES TO SCHEDULES OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

5. SECURITIES AND OTHER INVESTMENTS (continued)

Fund	Principal Commitment		Unrealized Appreciation (Depreciation)
Floating Rate
Heartland Dental LLC, Delayed Draw Term Loan	$	65,217	$	(2,486	)
Justrite Safety Group, Delayed Draw Term Loan		108,696		401
Mavis Tire Express Services Corp., Delayed Draw Term Loan		150,999		(2,843	)
Mister Car Wash Holdings, Inc., Delayed Draw Term Loan		29,167		(67	)
United PF Holdings LLC, Delayed Draw Term Loan		90,278		113
Total	$	444,357	$	(4,882	)
Unconstrained Bond
Mavis Tire Express Services Corp., Delayed Draw Term Loan	$	85,123	$	(1,329	)
Total	$	85,123	$	(1,329	)

Open secured loan participations and assignments at July 31, 2019, if any, are included within the Schedule of Investments or Consolidated Schedule of Investments.

Payment in-kind (“PIK”) securities: PIKs give the issuer the option of making interest payments in either cash or additional debt securities at each interest payment date. Those additional debt securities usually have the same terms, including maturity dates and interest rates, and associated risks as the original bonds.

PIKs held at July 31, 2019, if any, are identified within the Schedule of Investments or Consolidated Schedule of Investments.

Real estate investment trusts (“REIT”): REITs are pooled investment vehicles which invest primarily in income producing real estate, or real estate related loans or interests. Distributions received by REITs are classified at management’s estimate of the dividend income, return of capital and capital gains. Estimates are based on information available at year-end, which includes the previous fiscal year’s classification. The actual amounts of dividend income, return of capital, and capital gains are only determined by each REIT after the fiscal year end and may differ from the estimated amounts. Upon notification from the REITs, some of the distributions received may be re-classified and recorded as a return of capital or capital gains. There are certain additional risks involved in investing in REITs. These include, but are not limited to, economic conditions, changes in zoning laws, real estate values, property taxes, and interest rates.

REITs held at July 31, 2019, if any, are identified within the Schedule of Investments or Consolidated Schedule of Investments.

Restricted securities: The Funds may invest in unregulated restricted securities. Restricted securities are subject to legal or contractual restrictions on resale. Restricted securities generally may be resold in transactions exempt from registration under the Securities Act of 1933.

Restricted securities held at July 31, 2019, if any, are identified within the Schedule of Investments or Consolidated Schedule of Investments.

Treasury inflation-protected securities (“TIPS”): Certain Funds may invest in TIPS, which are fixed income securities whose principal value is periodically adjusted according to the rate of inflation/deflation. If the index measuring inflation/deflation rises or falls, the principal value of TIPS will be adjusted upward or downward, and consequently the interest payable on these securities (calculated with respect to a larger or smaller principal amount) will be increased or reduced, respectively. Repayment of the original bond principal upon maturity (as adjusted for inflation) is guaranteed in the case of U.S. Treasury inflation-indexed bonds and notes. For bonds and notes that do not provide a similar guarantee, the adjusted principal value of the bond repaid at maturity may be less than the original principal.

TIPS held at July 31, 2019, if any, are included within the Schedule of Investments or Consolidated Schedule of Investments.

When-issued, delayed-delivery, forward, and to be announced (“TBA”) commitment transactions: The Funds may purchase or sell securities on a when-issued, delayed-delivery, forward and TBA commitment basis. When-issued and forward commitment transactions are made conditionally because a security, although authorized, has not yet been issued in the market. Settlement of such transactions normally occurs within a month or more after the purchase or sale commitment is made. The Funds engage in when-issued and forward commitment transactions to obtain an advantageous price and yield at the time of the transaction. The Funds engage in when-issued and forward commitment transactions for the purpose of acquiring securities, but may enter into a separate agreement to sell the securities before the settlement date. Since the value of securities purchased may fluctuate prior to settlement, the Funds may be required to pay more at settlement than the security is worth. In addition, the Funds are not entitled to any of the interest earned prior to settlement.

Delayed-delivery transactions involve a commitment by the Funds to purchase or sell securities for a predetermined price or yield, with payment and delivery taking place beyond the customary settlement period. When delayed-delivery transactions are outstanding, the Funds will segregate with their custodian either cash, U.S. government securities, or other liquid assets at least equal to the value or purchase commitments until payment is made. When purchasing a security on a delayed-delivery basis, the Funds assume the rights and risks of ownership of the security, including the risk of price and yield fluctuations. These transactions also involve a risk to the Funds if the other party to the transaction defaults on its obligation to make payment or delivery, and the Funds are delayed or prevented from completing the transaction. The Funds may dispose of or renegotiate a delayed-delivery transaction after it is entered into, which may result in a realized gain or loss. When the Funds sell a security on a delayed-delivery basis, the Funds do not participate in future gains and losses on the security.

TBA commitments are entered into to purchase or sell securities for a fixed price at a future date, typically not to exceed 45 days. TBAs are considered securities in themselves, and involve a risk of loss if the value of the security to be purchased declines, or the value of the security sold increases, prior to settlement date, in addition to the risk of decline in the value of the Funds’ other assets. Unsettled TBA commitments are valued at the current value of the underlying securities.

Transamerica Funds Page    6

NOTES TO SCHEDULES OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

5. SECURITIES AND OTHER INVESTMENTS (continued)

When-issued, delayed-delivery, forward and TBA commitment transactions held at July 31, 2019, if any, are identified within the Schedule of Investments or Consolidated Schedule of Investments.

6. BORROWINGS AND OTHER FINANCING TRANSACTIONS

The Funds may engage in borrowing transactions as a means of raising cash to satisfy redemption requests, for other temporary or emergency purposes or, to the extent permitted by their investment policies, to raise additional cash to be invested in other securities or instruments. When the Funds invest borrowing proceeds in other securities, the Funds will bear the risk that the market value of the securities in which such proceeds are invested goes down and is insufficient to repay the borrowed proceeds. The Funds may borrow on a secured or on an unsecured basis. If the Funds enter into a secured borrowing arrangement, a portion of the Funds’ assets will be used as collateral. The 1940 Act requires the Funds to maintain asset coverage of at least 300% of the amount of their borrowings. Asset coverage means the ratio that the value of the Funds’ total assets, minus liabilities other than borrowings, bears to the aggregate amount of all borrowings. Although complying with this requirement has the effect of limiting the amount that the Funds may borrow, it does not otherwise mitigate the risks of entering into borrowing transactions.

Interfund lending: The Funds, along with other funds and portfolios advised by TAM, may participate in an interfund lending program pursuant to exemptive relief granted by the Securities and Exchange Commission on January 18, 2017. This program allows the Funds to lend to and borrow from other funds and portfolios advised by TAM. Interfund lending transactions are subject to the conditions of the exemptive relief which place limits on the amount of lending or borrowing a Fund may participate in under the program. Interest earned or paid on an interfund lending transaction will be based on the average of certain current market rates. As of July 31, 2019, the Funds have not utilized the program.

Repurchase agreements: In a repurchase agreement, the Funds purchase a security and simultaneously commit to resell that security to the seller at an agreed-upon price on an agreed-upon date. Securities purchased subject to a repurchase agreement are held at the Funds’ custodian, or designated sub-custodian related to tri-party repurchase agreements, and, pursuant to the terms of the repurchase agreement, must be collateralized by securities with an aggregate market value greater than or equal to 100% of the resale price. The Funds will bear the risk of value fluctuations until the securities can be sold and may encounter delays and incur costs in liquidating the securities. In the event of bankruptcy or insolvency of the seller, delays and costs may be incurred.

Repurchase agreements are subject to netting agreements, which are agreements between the Funds and their counterparties that provide for the net settlement of all transactions and collateral with the Funds, through a single payment, in the event of default or termination. Amounts presented within the Schedule of Investments or Consolidated Schedule of Investments are shown on a gross basis. The value of the related collateral for each repurchase agreement, as reflected within the Schedule of Investments or Consolidated Schedule of Investments, exceeds the value of each repurchase agreement at July 31, 2019.

Repurchase agreements at July 31, 2019, if any, are included within the Schedule of Investments or Consolidated Schedule of Investments.

Reverse repurchase agreements: The Funds may enter into reverse repurchase agreements in which the Funds sell portfolio securities and agree to repurchase them from the buyer at a specified date and price. The Funds may utilize reverse repurchase agreements when it is anticipated that the interest income to be earned from the investment of the proceeds of the transaction is greater than the interest expense of the transaction. Reverse repurchase agreements are considered to be a form of borrowing. Pursuant to the terms of the reverse repurchase agreements, the Funds’ custodian must segregate assets with an aggregate market value greater than or equal to 100% of the repurchase price. In periods of increased demand for the security, the Funds may receive a fee for use of the security by the counterparty, which may result in interest income to the Funds. Reverse repurchase agreements involve leverage risk and also the risk that the market value of the securities that the Funds are obligated to repurchase under the agreement may decline below the repurchase price. The Funds are subject to the risk that the buyer under the agreement may file for bankruptcy, become insolvent, or otherwise default on its obligations to the Funds. In the event of a default by the counterparty, there may be delays, costs and risks of loss involved in the Funds exercising their rights under the agreement, or those rights may be limited by other contractual agreements.

For the period ended July 31, 2019, the Funds’ average borrowings are as follows. Funds not listed in the subsequent table do not have any reverse repurchase agreements during the period.

Fund	Average Daily Borrowing		Number of Days Outstanding		Weighted Average Interest Rate
Total Return	$	119,748,625		273		2.55	%

Open reverse repurchase agreements at July 31, 2019, if any, are included within the Schedule of Investments or Consolidated Schedule of Investments.

Sale-buyback: The Funds may enter into sale-buyback financing transactions. The Funds account for sale-buyback financing transactions as borrowing transactions and realize gains and losses on these transactions at the end of the roll period. Sale-buyback financing transactions involve sales by the Funds of securities and simultaneously contracts to repurchase the same or substantially similar securities at an agreed upon price and date.

Transamerica Funds Page    7

NOTES TO SCHEDULES OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

6. BORROWINGS AND OTHER FINANCING TRANSACTIONS (continued)

The Funds forgo principal and interest paid during the roll period on the securities sold in a sale-buyback financing transaction. The Funds are compensated by the difference between the current sales price and the price for the future purchase (often referred to as the “price drop”), as well as by any interest earned on the proceeds of the securities sold. Sale-buyback financing transactions may be renewed with a new sale and a repurchase price and a cash settlement made at each renewal without physical delivery of the securities subject to the contract. Sale-buyback financing transactions expose the Funds to risks such as, the buyer under the agreement may file for bankruptcy, become insolvent, or otherwise default on its obligations to the Funds, the market value of the securities the Funds are obligated to repurchase under the agreement may decline below the repurchase price. The Funds’ obligations under a sale-buyback typically would be offset by liquid assets equal in value to the amount of the Funds’ forward commitment to repurchase the subject security. Sale-buyback financing transactions accounted for as borrowing transactions are excluded from the Funds’ portfolio turnover rates.

For the period ended July 31, 2019, the Funds’ average borrowings are as follows. Funds not listed in the subsequent table do not have any sale-buybacks during the period.

Fund	Average Daily Borrowing		Number of Days Outstanding		Weighted Average Interest Rate
Total Return	$	4,097,849		141		2.38	%

Open sale-buyback financing transactions at July 31, 2019, if any, are identified within the Schedule of Investments or Consolidated Schedule of Investments.

Securities lending: Securities are lent to qualified financial institutions and brokers. State Street serves as securities lending agent to the Funds pursuant to a Securities Lending Agreement. The lending of securities exposes the Funds to risks such as: the borrowers may fail to return the loaned securities, the borrowers may not be able to provide additional collateral, the Funds may experience delays in recovery of the loaned securities or delays in access to collateral, or the Funds may experience losses related to the investment collateral. To minimize certain risks, loan counterparties pledge cash collateral with a value of at least 102% of the current value of the loaned securities on non-U.S. fixed income investments, as well as on securities traded on U.S. exchanges. Loan counterparties pledge cash collateral with a value of at least 105% of the current value of the loaned securities for non-U.S. equity positions. The lending agent has agreed to indemnify the Funds in the case of default of any securities borrower.

Cash collateral received is invested in the State Street Navigator Securities Lending Trust—Government Money Market Portfolio (the “Navigator”), a money market mutual fund registered under the 1940 Act.

The value of loaned securities and related collateral outstanding at July 31, 2019, if any, are shown on a gross basis within the Schedule of Investments or Consolidated Schedule of Investments.

Short sales: A short sale is a transaction in which the Funds sell securities they do not own, but have borrowed, in anticipation of a decline in the fair market value of the securities. The Funds are obligated to replace the borrowed securities at the market price at the time of replacement. The Funds’ obligation to replace the securities borrowed in connection with a short sale is fully secured by collateral deposited with the custodian. In addition, the Funds consider the short sale to be a borrowing by the Funds that is subject to the asset coverage requirements of the 1940 Act. Short sales represent an aggressive trading practice with a high risk/return potential, and short sales involve special considerations. Risks of short sales include that possible losses from short sales may be unlimited (e.g., if the price of stocks sold short rises), whereas losses from direct purchases of securities are limited to the total amount invested, and the Funds may be unable to replace borrowed securities sold short.

Open short sale transactions at July 31, 2019, if any, are included within the Schedule of Investments or Consolidated Schedule of Investments.

Transamerica Funds Page    8

NOTES TO SCHEDULES OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

6. BORROWINGS AND OTHER FINANCING TRANSACTIONS (continued)

The following table reflects a breakdown of transactions accounted for as secured borrowings, the gross obligation by the type of collateral pledged, and the remaining contractual maturity of those transactions as of July 31, 2019. Funds not listed in the subsequent table have not entered into secured borrowing transactions.

	Remaining Contractual Maturity of the Agreements
	Overnight and Continuous		Less Than 30 Days		Between 30 & 90 Days		Greater Than 90 Days		Total
Balanced II
Securities Lending Transactions
Common Stocks	$	197,338	$	—	$	—	$	—	$	197,338
Corporate Debt Securities		560,727		—		—		—		560,727
Total Securities Lending Transactions	$	758,065	$	—	$	—	$	—	$	758,065
Total Borrowings	$	758,065	$	—	$	—	$	—	$	758,065
Bond
Securities Lending Transactions
Corporate Debt Securities	$	17,328,416	$	—	$	—	$	—	$	17,328,416
Foreign Government Obligations		350,072		—		—		—		350,072
Total Securities Lending Transactions	$	17,678,488	$	—	$	—	$	—	$	17,678,488
Total Borrowings	$	17,678,488	$	—	$	—	$	—	$	17,678,488
Capital Growth
Securities Lending Transactions
Common Stocks	$	112,348,739	$	—	$	—	$	—	$	112,348,739
Total Borrowings	$	112,348,739	$	—	$	—	$	—	$	112,348,739
ClearTrack® 2015
Securities Lending Transactions
Exchange-Traded Funds	$	3,869,891	$	—	$	—	$	—	$	3,869,891
Total Borrowings	$	3,869,891	$	—	$	—	$	—	$	3,869,891
ClearTrack® 2020
Securities Lending Transactions
Exchange-Traded Funds	$	6,697,994	$	—	$	—	$	—	$	6,697,994
Total Borrowings	$	6,697,994	$	—	$	—	$	—	$	6,697,994
ClearTrack® 2025
Securities Lending Transactions
Exchange-Traded Funds	$	5,628,151	$	—	$	—	$	—	$	5,628,151
Total Borrowings	$	5,628,151	$	—	$	—	$	—	$	5,628,151
ClearTrack® 2030
Securities Lending Transactions
Exchange-Traded Funds	$	9,605,029	$	—	$	—	$	—	$	9,605,029
Total Borrowings	$	9,605,029	$	—	$	—	$	—	$	9,605,029
ClearTrack® 2035
Securities Lending Transactions
Exchange-Traded Funds	$	870,696	$	—	$	—	$	—	$	870,696
Total Borrowings	$	870,696	$	—	$	—	$	—	$	870,696
ClearTrack® 2040
Securities Lending Transactions
Exchange-Traded Funds	$	3,566,268	$	—	$	—	$	—	$	3,566,268
Total Borrowings	$	3,566,268	$	—	$	—	$	—	$	3,566,268
ClearTrack® 2045
Securities Lending Transactions
Exchange-Traded Funds	$	8,255,196	$	—	$	—	$	—	$	8,255,196
Total Borrowings	$	8,255,196	$	—	$	—	$	—	$	8,255,196

Transamerica Funds Page    9

NOTES TO SCHEDULES OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

6. BORROWINGS AND OTHER FINANCING TRANSACTIONS (continued)

	Remaining Contractual Maturity of the Agreements
	Overnight and Continuous		Less Than 30 Days		Between 30 & 90 Days		Greater Than 90 Days		Total
ClearTrack® 2050
Securities Lending Transactions
Exchange-Traded Funds	$	7,058,935	$	—	$	—	$	—	$	7,058,935
Total Borrowings	$	7,058,935	$	—	$	—	$	—	$	7,058,935
ClearTrack® Retirement Income
Securities Lending Transactions
Exchange-Traded Funds	$	4,475,877	$	—	$	—	$	—	$	4,475,877
Total Borrowings	$	4,475,877	$	—	$	—	$	—	$	4,475,877
Concentrated Growth
Securities Lending Transactions
Common Stocks	$	3,544,114	$	—	$	—	$	—	$	3,544,114
Total Borrowings	$	3,544,114	$	—	$	—	$	—	$	3,544,114
Core Bond
Securities Lending Transactions
Corporate Debt Securities	$	1,978,869	$	—	$	—	$	—	$	1,978,869
Foreign Government Obligations		222,213		—		—		—		222,213
U.S. Government Obligations		6,673,067		—		—		—		6,673,067
Total Securities Lending Transactions	$	8,874,149	$	—	$	—	$	—	$	8,874,149
Total Borrowings	$	8,874,149	$	—	$	—	$	—	$	8,874,149
Dividend Focused
Securities Lending Transactions
Common Stocks	$	7,890,764	$	—	$	—	$	—	$	7,890,764
Total Borrowings	$	7,890,764	$	—	$	—	$	—	$	7,890,764
Dynamic Allocation
Securities Lending Transactions
Exchange-Traded Funds	$	3,561,659	$	—	$	—	$	—	$	3,561,659
Total Borrowings	$	3,561,659	$	—	$	—	$	—	$	3,561,659
Dynamic Income
Securities Lending Transactions
Exchange-Traded Funds	$	25,797,657	$	—	$	—	$	—	$	25,797,657
Total Borrowings	$	25,797,657	$	—	$	—	$	—	$	25,797,657
Emerging Markets Debt
Securities Lending Transactions
Corporate Debt Securities	$	12,243,003	$	—	$	—	$	—	$	12,243,003
Foreign Government Obligations		4,785,632		—		—		—		4,785,632
Total Securities Lending Transactions	$	17,028,635	$	—	$	—	$	—	$	17,028,635
Total Borrowings	$	17,028,635	$	—	$	—	$	—	$	17,028,635
Emerging Markets Equity
Securities Lending Transactions
Common Stocks	$	3,734,449	$	—	$	—	$	—	$	3,734,449
Total Borrowings	$	3,734,449	$	—	$	—	$	—	$	3,734,449
Event Driven
Securities Lending Transactions
Common Stocks	$	1,060,710	$	—	$	—	$	—	$	1,060,710
Convertible Bonds		4,452,373		—		—		—		4,452,373
Total Securities Lending Transactions	$	5,513,083	$	—	$	—	$	—	$	5,513,083
Total Borrowings	$	5,513,083	$	—	$	—	$	—	$	5,513,083

Transamerica Funds Page    10

NOTES TO SCHEDULES OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

6. BORROWINGS AND OTHER FINANCING TRANSACTIONS (continued)

	Remaining Contractual Maturity of the Agreements
	Overnight and Continuous		Less Than 30 Days		Between 30 & 90 Days		Greater Than 90 Days		Total
Floating Rate
Securities Lending Transactions
Corporate Debt Securities	$	2,709,730	$	—	$	—	$	—	$	2,709,730
Exchange-Traded Funds		2,751,707		—		—		—		2,751,707
Total Securities Lending Transactions	$	5,461,437	$	—	$	—	$	—	$	5,461,437
Total Borrowings	$	5,461,437	$	—	$	—	$	—	$	5,461,437
Global Equity
Securities Lending Transactions
Common Stocks	$	1,355,258	$	—	$	—	$	—	$	1,355,258
Total Borrowings	$	1,355,258	$	—	$	—	$	—	$	1,355,258
Growth
Securities Lending Transactions
Common Stocks	$	3,371,477	$	—	$	—	$	—	$	3,371,477
Total Borrowings	$	3,371,477	$	—	$	—	$	—	$	3,371,477
High Quality Bond
Securities Lending Transactions
Corporate Debt Securities	$	193,200	$	—	$	—	$	—	$	193,200
Total Borrowings	$	193,200	$	—	$	—	$	—	$	193,200
High Yield Bond
Securities Lending Transactions
Corporate Debt Securities	$	63,323,085	$	—	$	—	$	—	$	63,323,085
Total Borrowings	$	63,323,085	$	—	$	—	$	—	$	63,323,085
High Yield Muni
Securities Lending Transactions
Investment Companies	$	32,175	$	—	$	—	$	—	$	32,175
Total Borrowings	$	32,175	$	—	$	—	$	—	$	32,175
Inflation Opportunities
Securities Lending Transactions
Corporate Debt Securities	$	418,545	$	—	$	—	$	—	$	418,545
Total Borrowings	$	418,545	$	—	$	—	$	—	$	418,545
Inflation-Protected Securities
Securities Lending Transactions
Corporate Debt Securities	$	174,660	$	—	$	—	$	—	$	174,660
Total Borrowings	$	174,660	$	—	$	—	$	—	$	174,660
Intermediate Bond
Securities Lending Transactions
Corporate Debt Securities	$	19,313,889	$	—	$	—	$	—	$	19,313,889
Foreign Government Obligations		1,111,436		—		—		—		1,111,436
Total Securities Lending Transactions	$	20,425,325	$	—	$	—	$	—	$	20,425,325
Total Borrowings	$	20,425,325	$	—	$	—	$	—	$	20,425,325
International Equity
Securities Lending Transactions
Common Stocks	$	14,691,059	$	—	$	—	$	—	$	14,691,059
Total Borrowings	$	14,691,059	$	—	$	—	$	—	$	14,691,059

Transamerica Funds Page    11

NOTES TO SCHEDULES OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

6. BORROWINGS AND OTHER FINANCING TRANSACTIONS (continued)

	Remaining Contractual Maturity of the Agreements
	Overnight and Continuous		Less Than 30 Days		Between 30 & 90 Days		Greater Than 90 Days		Total
International Growth
Securities Lending Transactions
Common Stocks	$	23,828,535	$	—	$	—	$	—	$	23,828,535
Total Borrowings	$	23,828,535	$	—	$	—	$	—	$	23,828,535
International Small Cap Value
Securities Lending Transactions
Common Stocks	$	15,746,311	$	—	$	—	$	—	$	15,746,311
Total Borrowings	$	15,746,311	$	—	$	—	$	—	$	15,746,311
International Value
Securities Lending Transactions
Common Stocks	$	84,901	$	—	$	—	$	—	$	84,901
Total Borrowings	$	84,901	$	—	$	—	$	—	$	84,901
Large Cap Value
Securities Lending Transactions
Common Stocks	$	32,329,841	$	—	$	—	$	—	$	32,329,841
Total Borrowings	$	32,329,841	$	—	$	—	$	—	$	32,329,841
Large Core
Securities Lending Transactions
Common Stocks	$	514,348	$	—	$	—	$	—	$	514,348
Total Borrowings	$	514,348	$	—	$	—	$	—	$	514,348
Large Growth
Securities Lending Transactions
Common Stocks	$	8,550,544	$	—	$	—	$	—	$	8,550,544
Total Borrowings	$	8,550,544	$	—	$	—	$	—	$	8,550,544
Large Value Opportunities
Securities Lending Transactions
Common Stocks	$	420,680	$	—	$	—	$	—	$	420,680
Exchange-Traded Funds		2,994,049		—		—		—		2,994,049
Total Securities Lending Transactions	$	3,414,729	$	—	$	—	$	—	$	3,414,729
Total Borrowings	$	3,414,729	$	—	$	—	$	—	$	3,414,729
Mid Cap Growth
Securities Lending Transactions
Common Stocks	$	1,035,284	$	—	$	—	$	—	$	1,035,284
Total Borrowings	$	1,035,284	$	—	$	—	$	—	$	1,035,284
Mid Cap Value
Securities Lending Transactions
Common Stocks	$	2,297,069	$	—	$	—	$	—	$	2,297,069
Total Borrowings	$	2,297,069	$	—	$	—	$	—	$	2,297,069
Mid Cap Value Opportunities
Securities Lending Transactions
Common Stocks	$	1,156,800	$	—	$	—	$	—	$	1,156,800
Total Borrowings	$	1,156,800	$	—	$	—	$	—	$	1,156,800
MLP & Energy Income
Securities Lending Transactions
Common Stocks	$	3,526,366	$	—	$	—	$	—	$	3,526,366
Total Borrowings	$	3,526,366	$	—	$	—	$	—	$	3,526,366

Transamerica Funds Page    12

NOTES TO SCHEDULES OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

6. BORROWINGS AND OTHER FINANCING TRANSACTIONS (continued)

	Remaining Contractual Maturity of the Agreements
	Overnight and Continuous		Less Than 30 Days		Between 30 & 90 Days		Greater Than 90 Days		Total
Multi-Asset Income
Securities Lending Transactions
Preferred Stocks	$	839,367	$	—	$	—	$	—	$	839,367
Corporate Debt Securities		3,766,691		—		—		—		3,766,691
Total Securities Lending Transactions	$	4,606,058	$	—	$	—	$	—	$	4,606,058
Total Borrowings	$	4,606,058	$	—	$	—	$	—	$	4,606,058
Multi-Managed Balanced
Securities Lending Transactions
Common Stocks	$	2,482,227	$	—	$	—	$	—	$	2,482,227
Corporate Debt Securities		5,041,483		—		—		—		5,041,483
Foreign Government Obligations		257,758		—		—		—		257,758
Total Securities Lending Transactions	$	7,781,468	$	—	$	—	$	—	$	7,781,468
Total Borrowings	$	7,781,468	$	—	$	—	$	—	$	7,781,468
Short-Term Bond
Securities Lending Transactions
Corporate Debt Securities	$	17,928,223	$	—	$	—	$	—	$	17,928,223
Total Borrowings	$	17,928,223	$	—	$	—	$	—	$	17,928,223
Small Cap Core
Securities Lending Transactions
Common Stocks	$	8,865,012	$	—	$	—	$	—	$	8,865,012
Total Borrowings	$	8,865,012	$	—	$	—	$	—	$	8,865,012
Small Cap Growth
Securities Lending Transactions
Common Stocks	$	9,512,236	$	—	$	—	$	—	$	9,512,236
Total Borrowings	$	9,512,236	$	—	$	—	$	—	$	9,512,236
Small Cap Value
Securities Lending Transactions
Common Stocks	$	20,045,833	$	—	$	—	$	—	$	20,045,833
Total Borrowings	$	20,045,833	$	—	$	—	$	—	$	20,045,833
Small/Mid Cap Value
Securities Lending Transactions
Common Stocks	$	7,342,859	$	—	$	—	$	—	$	7,342,859
Total Borrowings	$	7,342,859	$	—	$	—	$	—	$	7,342,859
Total Return
Securities Lending Transactions
Corporate Debt Securities	$	7,353,976	$	—	$	—	$	—	$	7,353,976
U.S. Government Obligations		551,259		—		—		—		551,259
Total Securities Lending Transactions	$	7,905,235	$	—	$	—	$	—	$	7,905,235
Reverse Repurchase Agreements
U.S. Government Obligations	$	34,712,557	$	151,414,331	$	10,114,218	$	—	$	196,241,106
Cash		44,826		—		—		—		44,826
Total Reverse Repurchase Agreements	$	34,757,383	$	151,414,331	$	10,114,218	$	—	$	196,285,932
Sale Buy-back Transactions
U.S. Government Obligations	$	4,290,488	$	2,655,439	$	—	$	2,643,439	$	9,589,366
Total Borrowings	$	46,953,106	$	154,069,770	$	10,114,218	$	2,643,439	$	213,780,533

Transamerica Funds Page    13

NOTES TO SCHEDULES OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

6. BORROWINGS AND OTHER FINANCING TRANSACTIONS (continued)

	Remaining Contractual Maturity of the Agreements
	Overnight and Continuous		Less Than 30 Days		Between 30 & 90 Days		Greater Than 90 Days		Total
Unconstrained Bond
Securities Lending Transactions
Corporate Debt Securities	$	10,692,904	$	—	$	—	$	—	$	10,692,904
Preferred Stocks		1,348,881		—		—		—		1,348,881
Total Securities Lending Transactions	$	12,041,785	$	—	$	—	$	—	$	12,041,785
Total Borrowings	$	12,041,785	$	—	$	—	$	—	$	12,041,785
US Growth
Securities Lending Transactions
Common Stocks	$	3,647,690	$	—	$	—	$	—	$	3,647,690
Total Borrowings	$	3,647,690	$	—	$	—	$	—	$	3,647,690

7. RISK EXPOSURES AND THE USE OF DERIVATIVE INSTRUMENTS

The Funds’ investment objectives allow the Funds to use various types of derivative contracts, including option contracts, swap agreements, futures contracts, and forward foreign currency contracts. Derivatives are investments whose value is primarily derived from underlying assets, indices or reference rates and may be transacted on an exchange or OTC.

Transamerica Funds Page    14

NOTES TO SCHEDULES OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

7. RISK EXPOSURES AND THE USE OF DERIVATIVE INSTRUMENTS (continued)

Market Risk Factors: In pursuit of the Funds’ investment objectives, the Funds may seek to use derivatives to increase or decrease their exposure to certain market risks, including:

Interest rate risk: Interest rate risk relates to the fluctuations in the value of fixed income securities due to changes in the prevailing levels of market interest rates.

Foreign exchange rate risk: Foreign exchange rate risk relates to fluctuations in the value of an asset or liability due to changes in the currency exchange rates.

Equity risk: Equity risk relates to the change in value of equity securities as they relate to increases or decreases in the general market.

Credit risk: Credit risk relates to the ability of the issuer of a financial instrument to make further principal or interest payments on an obligation or commitment that it has to the Funds.

Commodity risk: Commodity risk relates to the change in value of commodities or commodity indices as they relate to increases or decreases in the commodities market. Commodities are physical assets that have tangible properties. Examples of these types of assets are crude oil, heating oil, metals, livestock, and agricultural products.

The Funds are also exposed to additional risks from investing in derivatives, such as liquidity and counterparty credit risk. Liquidity risk is the risk that the Funds will be unable to sell or close out the derivative in the open market in a timely manner. Counterparty credit risk is the risk that the counterparty will not be able to fulfill its obligations to the Funds. Investing in derivatives may also involve greater risks than investing directly in the underlying assets, such as losses in excess of any initial investment and collateral received. In addition, there may be the risk that the change in value of the derivative contract does not correspond to the change in value of the underlying instrument.

The Funds’ exposure to market risk factors and certain other associated risks are summarized by derivative type as follows:

Option contracts: The Funds are subject to equity risk, interest rate risk, and foreign exchange rate risk in the normal course of pursuing their investment objectives. The Funds, with the exception of High Yield Bond, may enter into option contracts to manage exposure to various market fluctuations. The Funds may purchase or write call and put options on securities and derivative instruments in which each Fund owns or may invest. Options are valued at the average of the bid and ask price established each day at the close of the board of trade or exchange on which they are traded. Options are marked-to-market daily to reflect the current value of the option. The primary risks associated with options are an imperfect correlation between the change in value of the securities held and the prices of the option contracts, the possibility of an illiquid market, and an inability of the counterparty to meet the contract terms. Options can be traded through an exchange or through privately negotiated arrangements with a dealer in an OTC transaction. Options traded on an exchange are generally cleared through a clearinghouse such as the Options Clearing Corp.

Options on exchange-traded funds and/or securities: The Funds may purchase or write options on ETFs and/or securities. Purchasing or writing options on ETFs and/or securities gives the Funds the right, but not the obligation to buy or sell a specified ETF and/or security as an underlying instrument for the option contract.

Options on foreign currency: The Funds may purchase or write foreign currency options. Purchasing or writing options on foreign currency gives the Funds the right, but not the obligation to buy or sell the currency and will specify the amount of currency and a rate of exchange that may be exercised by a specified date.

Options on indices: The Funds may purchase or write options on indices. Purchasing or writing an option on indices gives the Funds the right, but not the obligation to buy or sell the cash from the underlying index. The exercise of the option will result in a cash transfer and gain or loss depends on the change in the underlying index.

Options on futures: The Funds may purchase or write options on futures. Purchasing or writing options on futures gives the Funds the right, but not obligation to buy or sell a position on a futures contract at the specified option exercise price at any time during the period of the option.

Credit default swaptions: The Funds may purchase or write credit default swaption agreements which are options to enter into a pre-defined swap agreement by some specific date in the future. Purchasing or writing credit default swaptions gives the Funds the right, but not the obligation to buy or sell credit protection on a specific reference with a specific maturity.

Interest rate swaptions: The Funds may purchase or write interest rate swaption agreements which are options to enter into a pre-defined swap agreement by some specific date in the future. The writer of the swaption becomes the counterparty to the swap if the buyer exercises. The interest rate swaption agreement will specify whether the buyer of the swaption will be a fixed-rate receiver or a fixed-rate payer upon exercise.

Purchased options: Purchasing call options tends to increase exposure to the underlying instrument. Purchasing put options tends to decrease exposure to the underlying instrument. The Funds pay premiums, which are treated as an investment and subsequently marked-to-market to reflect the current value of the option. The risk associated with purchasing put and call options is limited to the premium paid. Premiums paid from options which expire are treated as realized losses. Premiums paid for purchasing options which are exercised or closed are added to the amounts paid or offset against the proceeds on the underlying instrument to determine the realized gain or loss.

Written options: Writing call options tends to decrease exposure to the underlying instrument. Writing put options tends to increase exposure to the underlying instrument. When the Funds write a covered call or put option, the premium received is marked-to-market to reflect the current market value of the option written. Premiums received from written options which expire unexercised are treated as realized gains. Premiums received from writing options which are exercised or closed are added to the proceeds or offset against amounts paid on the underlying instrument to determine the realized gain or loss. In writing an option, the Funds bear the market risk of an unfavorable change in the price of the security or currency underlying the written option. Exercise of an option written by the Funds could result in the Funds selling or buying a security or currency at a price different from the current market value.

Transamerica Funds Page    15

NOTES TO SCHEDULES OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

7. RISK EXPOSURES AND THE USE OF DERIVATIVE INSTRUMENTS (continued)

Open option contracts at July 31, 2019, if any, are included within the Schedule of Investments or Consolidated Schedule of Investments.

Swap agreements: Swap agreements are bilaterally negotiated agreements between the Funds and a counterparty to exchange or swap investments, cash flows, assets, foreign currencies, or market-linked returns at specified, future intervals. Swap agreements can be executed in a bilateral privately negotiated arrangement with a dealer in an OTC transaction or executed on a regular market. Certain swaps regardless of the venue of execution are required to be cleared through a clearinghouse (“centrally cleared swap agreements”). Centrally cleared swap agreements listed or traded on a multilateral platform, are valued at the daily settlement price determined by the corresponding exchange. For centrally cleared credit default swap agreements the clearing exchange requires all members to provide applicable levels across complete term levels. Centrally cleared interest rate swap agreements are valued using a pricing model that references the underlying rates including but not limited to the overnight index swap rate and London Interbank Offered Rate (“LIBOR”) forward rate to calculate the daily settlement price. The Funds may enter into credit default, cross-currency, interest rate, total return, including contracts for difference (“CFD”), and other forms of swap agreements to manage exposure to credit, currency, interest rate, and commodity risks. In connection with these agreements, securities or cash may be identified as collateral or margin in accordance with the terms of the respective swap agreements to provide assets of value and recourse in the event of default or bankruptcy/insolvency. Centrally cleared swap agreements are marked-to-market daily based upon values from third party vendors, which may include a registered exchange, or quotations from market makers to the extent available.

Credit default swap agreements: The Funds are subject to credit risk in the normal course of pursuing their investment objectives. The Funds enter into credit default swap agreements to manage their exposure to the market or certain sectors of the market to reduce their risk exposure to defaults of corporate and sovereign issuers, or to create exposure to corporate or sovereign issuers to which they are not otherwise exposed. Credit default swap agreements involve the exchange of a fixed rate premium for protection against the loss in value of an underlying security in the event of a defined credit event, such as payment default or bankruptcy (buy protection).

Under a credit default swap agreement, one party acts as a guarantor by receiving the fixed periodic payment in exchange for the commitment to purchase the underlying security at par if the defined credit event occurs (sell protection). The Funds’ maximum risk of loss from counterparty risk, either as the protection seller or as the protection buyer, is the notional amount of the contract. This risk is mitigated by having a master netting arrangement between the Funds and the counterparty, and by the posting of collateral.

Certain Funds sell credit default swap agreements, which exposes them to risk of loss from credit risk related events specified in the contracts. Although contract-specific, credit events are generally defined as bankruptcy, failure to pay, restructuring, obligation acceleration, obligation default, or repudiation/moratorium. If a defined credit event had occurred during the period, the swap agreements’ credit-risk-related contingent features would have been triggered, and the Funds would have been required to pay the notional amounts for the credit default swap agreements with a sell protection less the value of the contracts’ related reference obligations.

Interest rate swap agreements: The Funds are subject to interest rate risk exposure in the normal course of pursuing their investment objectives. Because the Funds hold fixed rate bonds, the value of these bonds may decrease if interest rates rise. To help hedge against this risk, the Funds enter into interest rate swap agreements. Under an interest rate swap agreement, two parties will exchange cash flows based on a notional principal amount. Funds with interest rate agreements can elect to pay a fixed rate and receive a floating rate, or receive a fixed rate and pay a floating rate, on a notional principal amount. The risks of interest rate swap agreements include changes in market conditions which will affect the value of the contract or the cash flows, and the possible inability of the counterparty to fulfill its obligations under the agreement. The Funds’ maximum risk of loss from counterparty credit risk is the discounted net value of the cash flows to be received from/paid to the counterparties over the contracts’ remaining lives, to the extent that amount is positive. This risk is mitigated by having a master netting arrangement between the Funds and the counterparty, and by the posting of collateral.

Total return swap agreements: The Funds are subject to commodity risk, equity risk, and other risks related to the underlying investments of the swap agreement, including CFDs, in the normal course of pursuing their investment objectives. The value of the commodity-linked investments held by the Funds can be affected by a variety of factors, including, but not limited to, overall market movements and other factors affecting the value of particular industries or commodities, such as weather, disease, embargoes, acts of war or terrorism, or political and regulatory developments. Commodity-linked derivatives are available from a relatively small number of issuers, subjecting a Fund’s investments in commodity-linked derivatives to counterparty risk, which is the risk that the issuer of the commodity-linked derivative will not fulfill its contractual obligations. Total return swap agreements on commodities involve commitments whereby cash flows are exchanged based on the price of a commodity in exchange for either a fixed or floating price or rate. One party would receive payments based on the market value of the commodity involved and pay a fixed amount. Total return swap agreements on indices involve commitments to pay interest in exchange for a market-linked return. One counterparty pays out the total return of a specific reference entity, which may be an equity, index, or bond, and in return receives a regular stream of payments.

Open centrally cleared swap agreements and open OTC swap agreements at July 31, 2019, if any, are listed within the Schedule of Investments or Consolidated Schedule of Investments.

Futures contracts: The Funds are subject to equity and commodity risk, interest rate risk, and foreign exchange rate risk in the normal course of pursuing their investment objectives. The Funds, use futures contracts to gain exposure to, or hedge against, changes in the value of equities and commodities, interest rates, or foreign currencies. A futures contract represents a commitment for the future purchase or sale of an asset at a specified price on a specified date. Upon entering into such contracts, the Funds are required to deposit with the broker, either in cash or in securities, an initial margin in an amount equal to a certain percentage of the contract amount. Subsequent payments (variation margin) are paid or received by the Funds, depending on the daily fluctuations in the value of the contract, and are recorded for financial statement purposes as unrealized gains or losses by the Funds. Upon entering into such contracts, the Funds bear the risk of equity and commodity prices, interest rates, or exchange rates moving unexpectedly, in which case, the Funds may not achieve the anticipated benefits of the futures contracts and may realize losses. With futures, there is minimal counterparty credit risk to the Funds since futures are exchange-traded and the exchange’s clearinghouse, as counterparty to all exchange-traded futures, guarantees the futures against default. Futures contracts are generally entered into on a regulated futures exchange and cleared through a clearinghouse associated with the exchange.

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NOTES TO SCHEDULES OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

7. RISK EXPOSURES AND THE USE OF DERIVATIVE INSTRUMENTS (continued)

Open futures contracts at July 31, 2019, if any, are listed within the Schedule of Investments or Consolidated Schedule of Investments.

Forward foreign currency contracts: The Funds are subject to foreign exchange rate risk exposure in the normal course of pursuing their investment objectives. The Funds may enter into forward foreign currency contracts to hedge against exchange rate risk arising from investments in securities denominated in foreign currencies. Additionally, Bond and Managed Futures Strategy utilize forward foreign currency contracts for speculative purposes. Forward foreign currency contracts are marked-to-market daily, with the change in value recorded as an unrealized gain or loss. When the contracts are settled, a realized gain or loss is incurred. Risks may arise from changes in market value of the underlying currencies and from the possible inability of counterparties to meet the terms of their contracts. Forward foreign currency contracts are traded in the OTC inter-bank currency dealer market.

Open forward foreign currency contracts at July 31, 2019, if any, are listed within the Schedule of Investments or Consolidated Schedule of Investments.

8. RISK FACTORS

Investing in the Funds involves certain key risks related to the Funds’ trading activity. Please reference the Funds’ prospectuses for a more complete discussion of the following risk(s), as well as other risks of investing in the Funds.

Arbitrage strategy risk: Securities purchased pursuant to an arbitrage strategy intended to take advantage of a perceived relationship between the values of two or more securities and may not perform as expected.

Emerging market risk: Investments in the securities of issuers located in or principally doing business in emerging markets are subject to heightened foreign investments risks. Emerging market countries tend to have economic, political and legal systems and regulatory and accounting standards that are less fully developed, and that can be expected to be less stable. For example, the economies of such countries can be subject to rapid and unpredictable rates of inflation or deflation. Emerging market securities are often particularly sensitive to market movements because their market prices tend to reflect speculative expectations. Low trading volumes may result in a lack of liquidity and in extreme price volatility. A Fund may be required to establish special custody or other arrangements before investing in emerging market countries. An investment in emerging market securities should be considered speculative.

Fixed income risk: The value of fixed income securities may go up or down, sometimes rapidly and unpredictably, due to general market conditions, such as real or perceived adverse economic or political conditions, inflation, changes in interest rates, lack of liquidity in the bond markets or adverse investor sentiment. In addition, the value of a fixed income security may decline if the issuer or other obligor of the security fails to pay principal and/or interest, otherwise defaults or has its credit rating downgraded or is perceived to be less creditworthy, or the credit quality or value of any underlying assets declines. If the value of fixed-income securities owned by a Fund fall, the value of your investment will go down. The value of your investment will generally go down when interest rates rise. Interest rates have been at historically low levels in the U.S., so a Fund faces a heightened risk that interest rates may rise. A general rise in interest rates may cause investors to move out of fixed-income securities on a large scale, which could adversely affect the price and liquidity of fixed-income securities. A rise in rates tends to have a greater impact on the prices of longer term or duration securities.

Foreign investment risk: Investing in securities of foreign issuers or issuers with significant exposure to foreign markets involves additional risk. Foreign countries in which the Fund may invest may have markets that are less liquid, less regulated, less transparent and more volatile than U.S. markets. The value of a Fund’s investments may decline because of factors affecting the particular issuer as well as foreign markets and issuers generally, such as unfavorable or unsuccessful government actions, reduction of government or central bank support, political or financial instability or other adverse economic or political developments. Lack of information and weaker accounting standards also may affect the value of these securities.

Growth risk: Returns on growth stocks may not move in tandem with returns on other categories of stocks or the market as a whole. Growth stocks typically are particularly sensitive to market movements because their market prices tend to reflect future expectations. When it appears those expectations may not be met, the prices of growth securities typically fall. Growth stocks as a group may be out of favor and underperform the overall equity market for a long period of time, for example, while the market favors “value” stocks.

High-yield debt risk: High-yield debt securities, commonly referred to as “junk” bonds, are securities that are rated below “investment grade” or, if unrated, determined to be below investment grade by the sub-adviser. Changes in interest rates, the market’s perception of the issuers, the creditworthiness of the issuers and negative perceptions of the junk bond market generally may significantly affect the value of these bonds. Junk bonds are considered speculative, have a higher risk of default, tend to be less liquid and may be more difficult to value than higher grade securities. Junk bonds tend to be volatile and more susceptible to adverse events, credit downgrades and negative sentiments.

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NOTES TO SCHEDULES OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

8. RISK FACTORS (continued)

Inflation-protected security risk: Inflation-protected debt securities may react differently from other types of debt securities and tend to react to changes in “real” interest rates. Real interest rates represent nominal (stated) interest rates reduced by the expected impact of inflation. In general, the price of an inflation-protected debt security can fall when real interest rates rise, and can rise when real interest rates fall. Interest payments on inflation-protected debt securities can be unpredictable and will vary as the principal and/or interest is adjusted for inflation. Also, the inflation index utilized by a particular inflation-protected security may not accurately reflect the true rate of inflation, in which case the market value of the security could be adversely affected.

Master limited partnership (“MLP”) risk: Investments in MLPs involve risks that differ from investments in corporate issuers, including risks related to limited control and limited rights to vote on matters affecting the MLP, risks related to potential conflicts of interest between the MLP and the MLP’s general partner, cash flow risks, dilution risks, certain tax risks, and risks related to the general partner’s right to require unit holders to sell their common units at an undesirable time or price. MLP entities are typically focused in the energy, natural resources and real estate sectors of the economy. A downturn in the energy, natural resources or real estate sectors of the economy could have an adverse impact on a Fund. At times, the performance of securities of companies in the energy, natural resources and real estate sectors of the economy may lag the performance of other sectors or the broader market as a whole. The yields for equity and debt securities of MLPs and other issuers in the energy sector are susceptible in the short-term to fluctuations in interest rates and the value of a Fund’s investments in such securities may decline if interest rates rise. The value of a Fund’s investment in MLPs depends to a significant extent on the MLPs being treated as partnerships for U.S. federal income tax purposes. If an MLP does not meet the legal requirements to maintain partnership status, it could be taxed as a corporation and there could be a material decrease in the value of its securities.

Mortgage-related and asset-backed security risk: The value of mortgage-related and asset-backed securities will be influenced by factors affecting the housing market and the assets underlying such securities. As a result, during periods of declining asset values, difficult or frozen credit markets, swings in interest rates, or deteriorating economic conditions, mortgage-related and asset-backed securities may decline in value, face valuation difficulties, become more volatile and/or become illiquid. Mortgage-backed securities may be issued by private issuers, by government-sponsored entities such as Fannie Mae or Freddie Mac or by agencies of the U.S. government, such as Ginnie Mae. Mortgage-backed securities represent direct or indirect participations in, or are collateralized by and payable from, mortgage loans secured by real property. Unlike mortgage-related securities issued or guaranteed by agencies of the U.S. government or government-sponsored entities, mortgage-related securities issued by private issuers do not have a government or government-sponsored entity guarantee (but may have other credit enhancement), and may, and frequently do, have less favorable collateral, credit risk or other underwriting characteristics. Asset-backed securities represent participations in, or are secured by and payable from, assets such as installment sales or loan contracts, leases, credit card receivables and other categories of receivables. The value of mortgage-backed and asset-backed securities may be affected by changes in credit quality or value of the mortgage loans or other assets that support the securities. Mortgage-backed and asset-backed securities are subject to prepayment or call and extension risks. Some of these securities may receive little or no collateral protection from the underlying assets. The risk of default is generally higher in the case of mortgage-backed investments that include so-called “sub-prime” mortgages. The structure of some of these securities may be complex and there may be less information available than for other types of debt securities. Upon the occurrence of certain triggering events or defaults, a fund or portfolio may become the holder of underlying assets at a time when those assets may be difficult to sell or may be sold only at a loss.

Municipal security risk: The municipal bond market can be susceptible to unusual volatility, particularly for lower-rated and unrated securities. Liquidity can be reduced unpredictably in response to overall economic conditions or credit tightening. Municipal issuers may be adversely affected by rising health care costs, increasing unfunded pension liabilities, and by the phasing out of federal programs providing financial support. Unfavorable conditions and developments relating to projects financed with municipal securities can result in lower revenues to issuers of municipal securities, potentially resulting in defaults. Issuers often depend on revenues from these projects to make principal and interest payments. The value of municipal securities can also be adversely affected by changes in the financial condition of one or more individual municipal issuers or insurers of municipal issuers, regulatory and political developments, tax law changes or other legislative actions, and by uncertainties and public perceptions concerning these and other factors. To the extent a fund invests significantly in a single state or in securities the payments on which are dependent upon a single project or source of revenues, or that relate to a sector or industry, a fund will be more susceptible to associated risks and developments. Municipal issuers may be more susceptible to downgrades or defaults during recessions or similar periods of economic stress. In recent periods an increasing number of municipal issuers have defaulted on obligations, commenced insolvency proceedings, or suffered credit downgrading. Financial difficulties of municipal issuers may continue or worsen.

A fund may invest in municipal securities of issuers in Guam, Puerto Rico, the U.S. Virgin Islands, or other U.S. territories, which are exempt from federal, state, and, where applicable, local income taxes. These municipal securities may have more risks than tax-exempt securities issued by other issuers due to the political, social and/or economic conditions in the particular territory. To the extent a fund holds any municipal securities of issuers in Guan, Puerto Rico, the U.S. Virgin Islands, or other U.S. territories, a fund may lose some or all of the value of those investments.

Real estate investment trusts (“REIT”) and real estate risk: Investing in real estate investment trusts “REITs” involves unique risks. When a Fund invests in REITs, it is subject to risks generally associated with investing in real estate. A REIT’s performance depends on the types and locations of the properties it owns, how well it manages those properties and cash flow. REITs may have lower trading volumes and may be subject to more abrupt or erratic price movements than the overall securities markets. In addition to its own expenses, a Fund will indirectly bear its proportionate share of any management and other expenses paid by REITs in which it invests. U.S. REITs are subject to a number of highly technical tax-related rules and requirements; and a U.S. REIT’s failure to qualify for the favorable U.S. federal income tax treatment generally available to U.S. REITs could result in corporate-level taxation, significantly reducing the return on an investment to a Fund.

Small and medium capitalization risk: Small or medium capitalization companies may be more at risk than large capitalization companies because, among other things, they may have limited product lines, operating history, market or financial resources, or because they may depend on a limited management group. The prices of securities of small and medium capitalization companies generally are more volatile than those of large capitalization companies and are more likely to be adversely affected than large capitalization companies by changes in earnings results and investor expectations or poor economic or market conditions. Securities of small and medium capitalization companies may underperform large capitalization companies, may be harder to sell at times and at prices the portfolio managers believe appropriate and may offer greater potential for losses.

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NOTES TO SCHEDULES OF INVESTMENTS (continued)

At July 31, 2019

(unaudited)

9. NEW ACCOUNTING PRONOUNCEMENTS

In March 2017, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2017-08 (“ASU 2017-08”), “Receivables – Nonrefundable Fees and Other Costs (Subtopic 310-20), Premium Amortization on Purchased Callable Debt Securities”. ASU 2017-08 amends the amortization period for certain purchased callable debt securities held at a premium, shortening such period to the earliest call date. The amendments are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. Management is currently evaluating the implication, if any, of the additional requirements and its impact on a Fund’s financial statements.

In August 2018, FASB issued Accounting Standards Update No. 2018-13 (“ASU 2018-13”), “Fair Value Measurement (Topic 820: Disclosure Framework), Changes to the Disclosure Requirements for Fair Value Measurement”. ASU 2018-13 eliminates the requirement to disclose the amount of and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy, the timing of transfers between levels of the fair value hierarchy and the valuation processes for Level 3 fair value measurements. ASU 2018-13 does not eliminate the requirement to disclose the range and weighted average used to develop significant unobservable inputs for Level 3 fair value measurements, or the reporting of changes in unrealized gains and losses for recurring Level 3 fair value measurements. ASU 2018-13 requires that information is provided about the measurement uncertainty of Level 3 fair value measurements as of the reporting date. The amendment is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. Management has evaluated and has early adopted the disclosure requirements and the impact is reflected within a Fund’s financial statements.

10. SUBSEQUENT EVENTS

The Board has approved the reorganization of Multi-Cap Growth into US Growth. This reorganization will be effective on or about August 2, 2019.

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