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	Shares		Value
INVESTMENT COMPANIES - 100.1%
International Alternative Fund - 0.0% ^(A)
Transamerica Global Allocation Liquidating Trust ^{(B) (C) (D) (E)}		3,627		$ 12,969

International Equity Funds - 21.0%
Transamerica Emerging Markets Equity ^(C)		3,104,793		31,886,224
Transamerica Emerging Markets Opportunities ^(B) (C)		4,109,245		39,982,949
Transamerica International Equity ^(C)		5,193,833		84,192,035
Transamerica International Growth ^(C)		8,340,249		65,470,956
Transamerica International Small Cap Value ^(C)		1,756,962		20,574,023
Transamerica International Stock ^(C)		2,872,295		25,707,038

				267,813,225

International Fixed Income Funds - 5.1%
Transamerica Emerging Markets Debt ^(C)		3,485,176		36,838,314
Transamerica Inflation Opportunities ^(C)		2,552,296		27,871,078

				64,709,392

U.S. Alternative Fund - 1.5%
Transamerica Event Driven ^(C)		1,679,680		18,795,622

U.S. Equity Funds - 29.7%
Transamerica Capital Growth ^(C)		3,930,468		77,076,469
Transamerica Dividend Focused ^(C)		11,709,238		82,081,759
Transamerica Large Cap Value ^(C)		7,328,980		67,353,329
Transamerica Mid Cap Growth ^(C)		1,314,146		15,848,601
Transamerica Mid Cap Value ^(C)		1,952,571		20,287,211


	Shares		Value
INVESTMENT COMPANIES (continued)
U.S. Equity Funds (continued)
Transamerica Mid Cap Value Opportunities ^(C)		928,125		$ 9,151,310
Transamerica Small Cap Growth ^(C)		1,451,057		10,447,611
Transamerica Small Cap Value ^(C)		1,454,172		11,371,623
Transamerica Small Company Growth Liquidating Trust ^{(B) (C) (D) (E)}		2,887		2,026
Transamerica US Growth ^(C)		3,193,475		83,732,921

				377,352,860

U.S. Fixed Income Funds - 40.5%
Transamerica Bond ^(C)		3,169,772		30,810,186
Transamerica Core Bond ^(C)		11,911,817		128,171,154
Transamerica Intermediate Bond ^(C)		8,343,041		92,023,745
Transamerica Short-Term Bond ^(C)		6,203,190		62,776,281
Transamerica Total Return ^(C)		18,225,160		201,752,518

				515,533,884

U.S. Mixed Allocation Fund - 2.3%
Transamerica MLP & Energy Income ^(C)		6,011,497		29,696,796

Total Investment Companies (Cost $1,153,697,166)				1,273,914,748

Total Investments (Cost $1,153,697,166)				1,273,914,748
Net Other Assets (Liabilities) - (0.1)%				(1,042,483	)

Net Assets - 100.0%				$ 1,272,872,265

All investments in securities are recorded at their estimated fair value. The Fund values its investments at the official close of the New York Stock Exchange (“NYSE”) each day the NYSE is open for business.

The Fund utilizes various methods to measure the fair value of its investments on a recurring basis. Generally Accepted Accounting Principles in the United States of America establishes a hierarchy that prioritizes inputs to valuation methods. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. The three levels (“Levels”) of inputs of the fair value hierarchy are defined as follows:

Level 1 — Unadjusted quoted prices in active markets for identical securities.

Level 2 — Inputs, other than quoted prices included in Level 1, which are observable, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates, and similar data.

Level 3 — Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available, which may include the Fund’s own assumptions used in determining the fair value of investments.

The inputs used to measure fair value may fall into different Levels of the fair value hierarchy. In such cases, for disclosure purposes, the Level in the fair value hierarchy that is assigned to the fair value measurement of a security is determined based on the lowest Level input that is significant to the fair value measurement in its entirety. Certain investments that are measured at fair value using Net Asset Value (“NAV”) per share, or its equivalent, using the “practical expedient” have not been classified in the fair value Levels. The hierarchy classification of inputs used to value the Fund’s investments at July 31, 2020, is disclosed within the Investment Valuation section of the Schedule of Investments.

The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, but not limited to, the type of security, whether the security is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the security. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is generally greatest for instruments categorized in Level 3. Due to the inherent uncertainty of valuation, the determination of values may differ significantly from values that would have been realized had a ready market for investments existed, and the differences could be material.

Fair value measurements: Descriptions of the valuation techniques applied to the Fund’s significant categories of assets and liabilities measured at fair value on a recurring basis are as follows:

Investment companies: Certain investment companies are valued at the NAV of the underlying investments 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 investments and no valuation adjustments are applied. These investment companies are categorized in Level 1 of the fair value hierarchy.

Restricted securities: Restricted securities for which quotations are not readily available are valued at fair value. Restricted securities issued by publicly traded companies are generally valued at a discount to similar publicly traded securities. Restricted securities issued by nonpublic entities may be valued by reference to comparable public entities and/or fundamental data relating to the issuer. Depending on the relative significance of observable valuation inputs, these instruments may be classified in either Level 2 or Level 3 of the fair value hierarchy.


	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Investment Companies	$	1,273,899,753	$	—	$	—	$	1,273,899,753

Total	$	1,273,899,753	$	—	$	—	$	1,273,899,753

Investment Companies Measured at Net Asset Value ^(E)								14,995

Total Investments							$	1,273,914,748


Affiliated Investments	Value October 31, 2019		Purchases at Cost		Proceeds from Sales			Net Realized Gain (Loss)			Net Change in Unrealized Appreciation (Depreciation)			Value July 31, 2020		Shares as of July 31, 2020		Dividend Income		Net Capital Gain Distributions
Transamerica Bond	$	36,641,211	$	765,150	$	(7,279,523	)	$	(11,292	)	$	694,640		$	30,810,186		3,169,772	$	765,150	$	—
Transamerica Capital Growth		57,503,657		15,812,946		(28,778,189	)		2,391,342			30,146,713			77,076,469		3,930,468		—		11,455,637
Transamerica Core Bond		142,349,861		12,022,889		(32,159,379	)		(413,946	)		6,371,729			128,171,154		11,911,817		2,892,204		—
Transamerica Dividend Focused		77,826,688		34,672,060		(10,255,841	)		(1,833,442	)		(18,327,706	)		82,081,759		11,709,238		1,861,516		8,127,642
Transamerica Emerging Markets Debt		45,108,273		1,186,481		(8,906,245	)		(735,164	)		184,969			36,838,314		3,485,176		1,178,701		—
Transamerica Emerging Markets Equity		78,125,599		3,343,608		(51,741,929	)		(2,803,741	)		4,962,687			31,886,224		3,104,793		2,129,498		—
Transamerica Emerging Markets Opportunities		—		40,417,698		(111,913	)		(5,333	)		(317,503	)		39,982,949		4,109,245		—		—
Transamerica Event Driven		20,262,093		84,459		(2,847,703	)		88,017			1,208,756			18,795,622		1,679,680		84,459		—
Transamerica Floating Rate		12,432,150		49,042		(12,469,341	)		(431,112	)		419,261			—		—		66,310		—
Transamerica Global Allocation Liquidating Trust		13,718		—		—			—			(749	)		12,969		3,627		—		—
Transamerica Global Multifactor Macro		13,560,771		303,853		(13,928,076	)		(874,709	)		938,161			—		—		303,853		—
Transamerica Inflation Opportunities		32,843,720		217,670		(6,586,077	)		70,978			1,324,787			27,871,078		2,552,296		217,670		—
Transamerica Intermediate Bond		101,429,655		8,235,576		(21,986,544	)		278,065			4,066,993			92,023,745		8,343,041		1,692,452		—
Transamerica International Equity		100,407,660		5,876,891		(13,380,703	)		(1,744,342	)		(6,967,471	)		84,192,035		5,193,833		2,855,683		—
Transamerica International Growth		66,652,708		3,426,744		(7,769,295	)		(1,293,997	)		4,454,796			65,470,956		8,340,249		1,299,679		—
Transamerica International Small Cap Value		23,869,640		1,294,763		(3,076,743	)		(202,252	)		(1,311,385	)		20,574,023		1,756,962		554,723		—
Transamerica International Stock		24,431,418		2,882,280		(41,147	)		(3,955	)		(1,561,558	)		25,707,038		2,872,295		32,619		—
Transamerica Large Cap Value		57,929,411		25,904,674		(8,072,694	)		(562,837	)		(7,845,225	)		67,353,329		7,328,980		891,130		1,564,375
Transamerica Managed Futures Strategy		29,785,805		1,119,508		(29,890,584	)		(9,779,028	)		8,764,299			—		—		1,119,508		—
Transamerica Mid Cap Growth		787,922		12,358,635		(24,251	)		2,869			2,723,426			15,848,601		1,314,146		—		13,559
Transamerica Mid Cap Value		24,827,894		3,603,266		(3,300,814	)		(121,065	)		(4,722,070	)		20,287,211		1,952,571		289,154		1,948,822
Transamerica Mid Cap Value Opportunities		11,213,449		1,046,964		(1,498,409	)		(53,885	)		(1,556,809	)		9,151,310		928,125		124,989		317,181
Transamerica MLP & Energy Income		40,594,622		3,497,962		(7,470,078	)		(1,663,723	)		(5,261,987	)		29,696,796		6,011,497		1,608,784		—
Transamerica Short-Term Bond		62,532,839		13,731,521		(13,238,556	)		(228,812	)		(20,711	)		62,776,281		6,203,190		1,244,911		—
Transamerica Small Cap Core		4,072,544		250,585		(3,792,248	)		(593,422	)		62,541			—		—		43,075		—
Transamerica Small Cap Growth		4,706,569		5,073,717		(669,682	)		(31,975	)		1,368,982			10,447,611		1,451,057		—		306,840
Transamerica Small Cap Value		8,301,637		5,221,957		(1,123,466	)		(171,682	)		(856,823	)		11,371,623		1,454,172		172,496		172,089
Transamerica Small Company Growth Liquidating Trust		1,796		—		—			—			230			2,026		2,887		—		—
Transamerica Total Return		220,079,431		19,667,554		(46,238,791	)		736,034			7,508,290			201,752,518		18,225,160		5,478,514		—
Transamerica US Growth		88,181,996		13,120,573		(32,283,793	)		4,527,225			10,186,920			83,732,921		3,193,475		298,271		6,665,946

Total	$	1,386,474,737	$	235,189,026	$	(368,922,014	)	$	(15,465,184	)	$	36,638,183		$	1,273,914,748		120,227,752	$	27,205,349	$	30,572,091


(E)		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.
(F)		There were no transfers in or out of Level 3 during the period ended July 31, 2020. Please reference the Investment Valuation section of the Notes to Schedule of Investments for more information regarding investment valuation and pricing inputs.


(A)		Percentage rounds to less than 0.1% or (0.1)%.
(B)		Non-income producing securities.
(C)		Affiliated investment in the Class I2 shares of Transamerica Funds, and liquidating trusts of former Transamerica Funds. The Fund’s transactions and earnings are as follows:


(D)		Restricted securities. At July 31, 2020, the value of such securities held by the Fund are as follows: