Transamerica Intermediate Bond
SCHEDULE OF INVESTMENTS
At January 31, 2022
(unaudited)
Principal | Value | |||||||
ASSET-BACKED SECURITIES - 6.9% | ||||||||
Accelerated LLC |
||||||||
Series 2021-1H, Class A, |
||||||||
1.35%, 10/20/2040 (A) |
$ 1,219,696 | $ 1,186,933 | ||||||
BlueMountain CLO Ltd. |
||||||||
Series 2015-2A, Class A1R, |
||||||||
3-Month LIBOR + 0.93%, |
1,035,007 | 1,035,359 | ||||||
BXG Receivables Note Trust |
||||||||
Series 2015-A, Class A, |
||||||||
2.88%, 05/02/2030 (A) |
415,544 | 416,852 | ||||||
CIFC Funding Ltd. |
||||||||
Series 2013-2A, Class A1L2, |
||||||||
3-Month LIBOR + 1.00%, |
11,780,000 | 11,782,274 | ||||||
GoodLeap Sustainable Home Solutions Trust |
||||||||
2.66%, 01/20/2049 (C) |
3,963,000 | 3,962,054 | ||||||
Series 2021-4GS, Class A, |
||||||||
1.93%, 07/20/2048 (A) |
3,090,929 | 2,970,572 | ||||||
Series 2021-5CS, Class A, |
||||||||
2.31%, 10/20/2048 (A) |
3,242,281 | 3,176,740 | ||||||
Hilton Grand Vacations Trust |
||||||||
Series 2017-AA, Class A, |
||||||||
2.66%, 12/26/2028 (A) |
386,929 | 390,650 | ||||||
ICG US CLO Ltd. |
||||||||
Series 2014-1A, Class A1A2, |
||||||||
3-Month LIBOR + 1.20%, |
2,755,000 | 2,757,816 | ||||||
JG Wentworth XXI LLC |
||||||||
Series 2010-2A, Class A, |
||||||||
4.07%, 01/15/2048 (A) |
440,484 | 455,104 | ||||||
JG Wentworth XXII LLC |
||||||||
Series 2010-3A, Class A, |
||||||||
3.82%, 12/15/2048 (A) |
656,949 | 674,477 | ||||||
JGWPT XXVIII LLC |
||||||||
Series 2013-1A, Class A, |
||||||||
3.22%, 04/15/2067 (A) |
1,041,792 | 1,069,656 | ||||||
Laurel Road Prime Student Loan Trust |
||||||||
Series 2018-B, Class A2FX, |
||||||||
3.54%, 05/26/2043 (A) |
680,684 | 688,373 | ||||||
Mill City Mortgage Loan Trust |
||||||||
Series 2016-1, Class A1, |
||||||||
2.50% (B), 04/25/2057 (A) |
7,097 | 7,093 | ||||||
MVW Owner Trust |
||||||||
Series 2016-1A, Class A, |
||||||||
2.25%, 12/20/2033 (A) |
1,047,351 | 1,051,757 | ||||||
Series 2019-1A, Class A, |
||||||||
2.89%, 11/20/2036 (A) |
543,039 | 551,232 | ||||||
New Residential Advance Receivables Trust |
||||||||
Series 2020-T1, Class AT1, |
||||||||
1.43%, 08/15/2053 (A) |
11,450,000 | 11,381,038 | ||||||
NRZ Advance Receivables Trust |
||||||||
Series 2020-T2, Class AT2, |
||||||||
1.48%, 09/15/2053 (A) |
10,770,000 | 10,705,664 | ||||||
Series 2020-T3, Class AT3, |
||||||||
1.32%, 10/15/2052 (A) |
744,000 | 743,510 |
Principal | Value | |||||||
ASSET-BACKED SECURITIES (continued) | ||||||||
Octagon Investment Partners 33 Ltd. |
||||||||
Series 2017-1A, Class A1, |
||||||||
3-Month LIBOR + 1.19%, |
$ 3,600,000 | $ 3,601,490 | ||||||
Ocwen Master Advance Receivables Trust |
||||||||
Series 2020-T1, Class AT1, |
||||||||
1.28%, 08/15/2052 (A) |
5,544,232 | 5,542,991 | ||||||
Orange Lake Timeshare Trust |
||||||||
Series 2015-AA, Class A, |
||||||||
2.88%, 09/08/2027 (A) |
257,317 | 257,383 | ||||||
Series 2018-A, Class A, |
||||||||
3.10%, 11/08/2030 (A) |
1,071,476 | 1,087,379 | ||||||
Series 2018-A, Class B, |
||||||||
3.35%, 11/08/2030 (A) |
876,655 | 889,352 | ||||||
Series 2019-A, Class A, |
||||||||
3.06%, 04/09/2038 (A) |
692,599 | 699,283 | ||||||
Palmer Square CLO Ltd. |
||||||||
Series 2015-2A, Class A1R2, |
||||||||
3-Month LIBOR + 1.10%, |
6,450,000 | 6,452,528 | ||||||
RAAC Trust |
||||||||
Series 2007-RP4, Class A, |
||||||||
1-Month LIBOR + 0.35%, |
497,248 | 485,261 | ||||||
Sierra Timeshare Receivables Funding LLC |
||||||||
Series 2021-1A, Class A, |
||||||||
0.99%, 11/20/2037 (A) |
4,172,566 | 4,117,932 | ||||||
Towd Point Mortgage Trust |
||||||||
Series 2016-2, Class A1A, |
||||||||
2.75% (B), 08/25/2055 (A) |
260,666 | 260,983 | ||||||
Series 2016-3, Class A1, |
||||||||
2.25% (B), 04/25/2056 (A) |
118,442 | 118,396 | ||||||
Series 2016-4, Class A1, |
||||||||
2.25% (B), 07/25/2056 (A) |
536,059 | 537,522 | ||||||
Series 2017-1, Class A1, |
||||||||
2.75% (B), 10/25/2056 (A) |
1,083,024 | 1,090,778 | ||||||
Series 2017-3, Class A1, |
||||||||
2.75% (B), 07/25/2057 (A) |
466,645 | 470,505 | ||||||
Series 2017-6, Class A1, |
||||||||
2.75% (B), 10/25/2057 (A) |
1,337,597 | 1,350,973 | ||||||
Series 2018-1, Class A1, |
||||||||
3.00% (B), 01/25/2058 (A) |
4,368,113 | 4,408,352 | ||||||
Series 2018-4, Class A1, |
||||||||
3.00% (B), 06/25/2058 (A) |
2,978,353 | 3,028,692 | ||||||
Series 2020-4, Class A1, |
||||||||
1.75%, 10/25/2060 (A) |
2,779,484 | 2,753,249 | ||||||
Trafigura Securitisation Finance PLC |
||||||||
Series 2021-1A, Class A2, |
||||||||
1.08%, 01/15/2025 (A) |
4,500,000 | 4,392,482 | ||||||
VB-S1 Issuer LLC |
||||||||
Series 2018-1A, Class C, |
||||||||
3.41%, 02/15/2048 (A) |
3,945,000 | 3,942,540 | ||||||
VSE VOI Mortgage LLC |
||||||||
Series 2016-A, Class A, |
||||||||
2.54%, 07/20/2033 (A) |
1,252,687 | 1,251,006 |
Transamerica Funds |
Page 1 |
Transamerica Intermediate Bond
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2022
(unaudited)
Principal | Value | |||||||
ASSET-BACKED SECURITIES (continued) | ||||||||
Welk Resorts LLC |
||||||||
Series 2017-AA, Class A, |
||||||||
2.82%, 06/15/2033 (A) |
$ 1,935,044 | $ 1,947,353 | ||||||
Wellfleet CLO Ltd. |
||||||||
Series 2016-2A, Class A1R, |
||||||||
3-Month LIBOR + 1.14%, |
6,132,111 | 6,137,207 | ||||||
|
|
|||||||
Total Asset-Backed Securities |
|
109,830,791 | ||||||
|
|
|||||||
CORPORATE DEBT SECURITIES - 34.7% | ||||||||
Aerospace & Defense - 0.8% | ||||||||
BAE Systems PLC |
||||||||
3.40%, 04/15/2030 (A) |
2,003,000 | 2,069,757 | ||||||
Boeing Co. |
||||||||
3.50%, 03/01/2039 |
3,904,000 | 3,707,032 | ||||||
5.15%, 05/01/2030 |
3,490,000 | 3,926,329 | ||||||
Huntington Ingalls Industries, Inc. |
||||||||
2.04%, 08/16/2028 (A) |
3,716,000 | 3,535,643 | ||||||
|
|
|||||||
13,238,761 | ||||||||
|
|
|||||||
Air Freight & Logistics - 0.3% | ||||||||
GXO Logistics, Inc. |
||||||||
2.65%, 07/15/2031 (A) |
5,332,000 | 5,059,971 | ||||||
|
|
|||||||
Airlines - 0.6% | ||||||||
American Airlines Pass-Through Trust |
||||||||
3.20%, 12/15/2029 |
171 | 172 | ||||||
JetBlue Pass-Through Trust |
||||||||
2.75%, 11/15/2033 |
3,814,091 | 3,748,018 | ||||||
Mileage Plus Holdings LLC / Mileage Plus Intellectual Property Assets Ltd. |
||||||||
6.50%, 06/20/2027 (A) |
2,691,319 | 2,859,526 | ||||||
Southwest Airlines Co. Pass-Through Trust |
||||||||
6.15%, 02/01/2024 |
70,627 | 71,490 | ||||||
United Airlines Pass-Through Trust |
||||||||
3.75%, 03/03/2028 |
2,288,223 | 2,394,884 | ||||||
|
|
|||||||
9,074,090 | ||||||||
|
|
|||||||
Auto Components - 0.1% | ||||||||
BorgWarner, Inc. |
||||||||
3.38%, 03/15/2025 |
1,948,000 | 2,023,520 | ||||||
|
|
|||||||
Automobiles - 0.2% | ||||||||
General Motors Co. |
||||||||
4.88%, 10/02/2023 |
1,960,000 | 2,060,776 | ||||||
6.25%, 10/02/2043 |
772,000 | 987,253 | ||||||
|
|
|||||||
3,048,029 | ||||||||
|
|
|||||||
Banks - 4.5% | ||||||||
ABN AMRO Bank NV |
||||||||
Fixed until 12/13/2031, |
4,600,000 | 4,406,287 | ||||||
Banco Santander SA |
||||||||
2.75%, 12/03/2030 |
2,000,000 | 1,882,657 | ||||||
Bank of America Corp. |
||||||||
Fixed until 09/21/2031, |
5,203,000 | 4,829,615 | ||||||
Fixed until 06/19/2040, |
2,709,000 | 2,468,080 | ||||||
Fixed until 12/20/2027, |
3,090,000 | 3,207,992 |
Principal | Value | |||||||
CORPORATE DEBT SECURITIES (continued) | ||||||||
Banks (continued) | ||||||||
Barclays PLC |
||||||||
4.84%, 05/09/2028 |
$ 1,356,000 | $ 1,459,343 | ||||||
BPCE SA |
||||||||
Fixed until 10/19/2031, |
2,486,000 | 2,398,310 | ||||||
Fixed until 01/14/2032, |
2,488,000 | 2,458,028 | ||||||
Citigroup, Inc. |
||||||||
Fixed until 10/27/2027, |
6,415,000 | 6,703,275 | ||||||
Commerzbank AG |
||||||||
8.13%, 09/19/2023 (A) |
5,107,000 | 5,548,915 | ||||||
Danske Bank A/S |
||||||||
Fixed until 12/20/2024, |
3,181,000 | 3,261,149 | ||||||
Intesa Sanpaolo SpA |
||||||||
Fixed until 06/01/2031, |
1,044,000 | 1,001,175 | ||||||
5.02%, 06/26/2024 (A) |
2,745,000 | 2,858,583 | ||||||
JPMorgan Chase & Co. |
||||||||
Fixed until 10/15/2029, |
1,397,000 | 1,387,093 | ||||||
Fixed until 05/13/2030, |
5,355,000 | 5,320,913 | ||||||
4.13%, 12/15/2026 |
2,997,000 | 3,230,384 | ||||||
Macquarie Bank Ltd. |
||||||||
3.62%, 06/03/2030 (A) |
4,765,000 | 4,818,212 | ||||||
Natwest Group PLC |
||||||||
Fixed until 08/28/2030, |
2,501,000 | 2,378,983 | ||||||
UniCredit SpA |
||||||||
Fixed until 06/03/2031, |
5,001,000 | 4,722,209 | ||||||
Wells Fargo & Co. |
||||||||
Fixed until 03/15/2026 (D), |
1,268,000 | 1,255,891 | ||||||
4.10%, 06/03/2026 |
4,713,000 | 5,033,105 | ||||||
Fixed until 06/15/2024 (D), |
1,573,000 | 1,612,325 | ||||||
|
|
|||||||
72,242,524 | ||||||||
|
|
|||||||
Beverages - 0.7% | ||||||||
Anheuser-Busch InBev Worldwide, Inc. |
||||||||
4.44%, 10/06/2048 |
2,365,000 | 2,643,692 | ||||||
4.75%, 01/23/2029 |
2,770,000 | 3,137,835 | ||||||
Constellation Brands, Inc. |
||||||||
3.15%, 08/01/2029 |
1,415,000 | 1,442,969 | ||||||
3.70%, 12/06/2026 |
1,010,000 | 1,072,566 | ||||||
Keurig Dr. Pepper, Inc. |
||||||||
3.20%, 05/01/2030 |
2,574,000 | 2,647,144 | ||||||
|
|
|||||||
10,944,206 | ||||||||
|
|
|||||||
Biotechnology - 0.4% | ||||||||
AbbVie, Inc. |
||||||||
3.20%, 05/14/2026 |
1,254,000 | 1,296,851 | ||||||
4.05%, 11/21/2039 |
1,702,000 | 1,839,010 | ||||||
Amgen, Inc. |
||||||||
2.00%, 01/15/2032 |
2,617,000 | 2,426,118 | ||||||
Gilead Sciences, Inc. |
||||||||
4.15%, 03/01/2047 |
852,000 | 947,374 | ||||||
|
|
|||||||
6,509,353 | ||||||||
|
|
|||||||
Building Products - 0.7% | ||||||||
Carlisle Cos., Inc. |
||||||||
2.20%, 03/01/2032 |
2,047,000 | 1,905,043 | ||||||
3.75%, 12/01/2027 |
1,999,000 | 2,108,778 |
Transamerica Funds |
Page 2 |
Transamerica Intermediate Bond
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2022
(unaudited)
Principal | Value | |||||||
CORPORATE DEBT SECURITIES (continued) | ||||||||
Building Products (continued) | ||||||||
Carrier Global Corp. |
||||||||
2.72%, 02/15/2030 |
$ 2,353,000 | $ 2,324,514 | ||||||
Owens Corning |
||||||||
7.00%, 12/01/2036 |
3,696,000 | 5,069,756 | ||||||
|
|
|||||||
11,408,091 | ||||||||
|
|
|||||||
Capital Markets - 1.8% | ||||||||
Charles Schwab Corp. |
||||||||
Fixed until 06/01/2026 (D), |
4,047,000 | 3,998,153 | ||||||
Credit Suisse Group AG |
||||||||
Fixed until 09/11/2024, |
2,419,000 | 2,432,653 | ||||||
Deutsche Bank AG |
||||||||
Fixed until 11/26/2024, |
1,617,000 | 1,684,050 | ||||||
Fixed until 04/08/2030, |
2,738,000 | 3,061,248 | ||||||
Goldman Sachs Group, Inc. |
||||||||
6.75%, 10/01/2037 |
2,654,000 | 3,589,505 | ||||||
Jefferies Group LLC / Jefferies Group Capital Finance, Inc. |
||||||||
2.63%, 10/15/2031 |
3,321,000 | 3,166,907 | ||||||
Morgan Stanley |
||||||||
Fixed until 09/16/2031, |
6,065,000 | 5,635,412 | ||||||
Fixed until 01/21/2032, |
1,344,000 | 1,347,798 | ||||||
3.70%, 10/23/2024 |
1,060,000 | 1,108,615 | ||||||
5.00%, 11/24/2025 |
2,215,000 | 2,428,181 | ||||||
|
|
|||||||
28,452,522 | ||||||||
|
|
|||||||
Chemicals - 0.2% | ||||||||
International Flavors & Fragrances, Inc. |
||||||||
2.30%, 11/01/2030 (A) |
2,654,000 | 2,503,350 | ||||||
|
|
|||||||
Commercial Services & Supplies - 1.0% | ||||||||
ADT Security Corp. |
||||||||
4.13%, 08/01/2029 (A) |
2,731,000 | 2,568,833 | ||||||
Ashtead Capital, Inc. |
||||||||
2.45%, 08/12/2031 (A) |
1,478,000 | 1,398,792 | ||||||
4.25%, 11/01/2029 (A) |
1,623,000 | 1,705,569 | ||||||
ERAC USA Finance LLC |
||||||||
2.70%, 11/01/2023 (A) |
3,164,000 | 3,219,459 | ||||||
3.85%, 11/15/2024 (A) |
2,171,000 | 2,274,525 | ||||||
Triton Container International Ltd. / TAL International Container Corp. |
||||||||
3.25%, 03/15/2032 |
4,968,000 | 4,890,102 | ||||||
|
|
|||||||
16,057,280 | ||||||||
|
|
|||||||
Construction & Engineering - 0.1% | ||||||||
Quanta Services, Inc. |
||||||||
2.90%, 10/01/2030 |
1,999,000 | 1,966,149 | ||||||
|
|
|||||||
Consumer Finance - 1.0% | ||||||||
Ally Financial, Inc. |
||||||||
8.00%, 11/01/2031 |
3,475,000 | 4,709,970 | ||||||
BMW US Capital LLC |
||||||||
2.80%, 04/11/2026 (A) |
2,662,000 | 2,742,591 | ||||||
Ford Motor Credit Co. LLC |
||||||||
3.38%, 11/13/2025 |
3,928,000 | 3,932,399 | ||||||
Nissan Motor Acceptance Co. LLC |
||||||||
2.45%, 09/15/2028 (A) |
3,274,000 | 3,108,283 | ||||||
Volkswagen Group of America Finance LLC |
||||||||
1.63%, 11/24/2027 (A) |
1,851,000 | 1,756,131 | ||||||
|
|
|||||||
16,249,374 | ||||||||
|
|
Principal | Value | |||||||
CORPORATE DEBT SECURITIES (continued) | ||||||||
Containers & Packaging - 0.2% | ||||||||
Sonoco Products Co. |
||||||||
2.25%, 02/01/2027 |
$ 1,999,000 | $ 1,984,719 | ||||||
2.85%, 02/01/2032 |
1,400,000 | 1,380,888 | ||||||
|
|
|||||||
3,365,607 | ||||||||
|
|
|||||||
Diversified Financial Services - 1.0% | ||||||||
AerCap Ireland Capital DAC / AerCap Global Aviation Trust |
||||||||
3.85%, 10/29/2041 |
3,414,000 | 3,341,222 | ||||||
4.50%, 09/15/2023 |
2,332,000 | 2,422,719 | ||||||
Aviation Capital Group LLC |
||||||||
1.95%, 01/30/2026 (A) |
1,781,000 | 1,711,213 | ||||||
5.50%, 12/15/2024 (A) |
4,523,000 | 4,870,706 | ||||||
Element Fleet Management Corp. |
||||||||
1.60%, 04/06/2024 (A) |
1,511,000 | 1,498,533 | ||||||
3.85%, 06/15/2025 (A) |
2,275,000 | 2,384,405 | ||||||
|
|
|||||||
16,228,798 | ||||||||
|
|
|||||||
Diversified Telecommunication Services - 0.7% | ||||||||
Level 3 Financing, Inc. |
||||||||
3.40%, 03/01/2027 (A) |
2,546,000 | 2,546,000 | ||||||
Sprint Capital Corp. |
||||||||
6.88%, 11/15/2028 |
822,000 | 981,879 | ||||||
Verizon Communications, Inc. |
||||||||
1.68%, 10/30/2030 |
3,127,000 | 2,854,630 | ||||||
2.99%, 10/30/2056 |
5,214,000 | 4,576,940 | ||||||
|
|
|||||||
10,959,449 | ||||||||
|
|
|||||||
Electric Utilities - 1.7% | ||||||||
Appalachian Power Co. |
||||||||
3.40%, 06/01/2025 |
3,237,000 | 3,366,281 | ||||||
Cleveland Electric Illuminating Co. |
||||||||
5.95%, 12/15/2036 |
328,000 | 422,640 | ||||||
DTE Electric Co. |
||||||||
4.30%, 07/01/2044 |
3,898,000 | 4,458,198 | ||||||
Duke Energy Corp. |
||||||||
3.75%, 04/15/2024 - 09/01/2046 |
7,128,000 | 7,320,591 | ||||||
Duke Energy Progress LLC |
||||||||
3.60%, 09/15/2047 |
1,457,000 | 1,508,116 | ||||||
Entergy Arkansas LLC |
||||||||
3.70%, 06/01/2024 |
798,000 | 830,518 | ||||||
Oncor Electric Delivery Co. LLC |
||||||||
4.10%, 06/01/2022 |
2,421,000 | 2,427,912 | ||||||
5.30%, 06/01/2042 |
378,000 | 487,081 | ||||||
Pacific Gas & Electric Co. |
||||||||
2.50%, 02/01/2031 |
2,614,000 | 2,367,372 | ||||||
PacifiCorp |
||||||||
3.60%, 04/01/2024 |
1,559,000 | 1,617,701 | ||||||
5.75%, 04/01/2037 |
286,000 | 362,798 | ||||||
Public Service Electric & Gas Co. |
||||||||
3.00%, 05/15/2025 |
1,551,000 | 1,597,052 | ||||||
|
|
|||||||
26,766,260 | ||||||||
|
|
|||||||
Electronic Equipment, Instruments & Components - 0.5% | ||||||||
Arrow Electronics, Inc. |
||||||||
2.95%, 02/15/2032 |
1,920,000 | 1,880,309 | ||||||
Keysight Technologies, Inc. |
||||||||
4.60%, 04/06/2027 |
2,894,000 | 3,196,615 | ||||||
Sensata Technologies, Inc. |
||||||||
4.38%, 02/15/2030 (A) |
2,585,000 | 2,583,966 | ||||||
|
|
|||||||
7,660,890 | ||||||||
|
|
Transamerica Funds |
Page 3 |
Transamerica Intermediate Bond
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2022
(unaudited)
Principal | Value | |||||||
CORPORATE DEBT SECURITIES (continued) | ||||||||
Energy Equipment & Services - 0.3% | ||||||||
Schlumberger Holdings Corp. |
||||||||
3.90%, 05/17/2028 (A) |
$ 3,474,000 | $ 3,674,189 | ||||||
Schlumberger Investment SA |
||||||||
3.65%, 12/01/2023 |
599,000 | 619,860 | ||||||
|
|
|||||||
4,294,049 | ||||||||
|
|
|||||||
Equity Real Estate Investment Trusts - 2.5% | ||||||||
American Tower Trust #1 |
||||||||
3.65%, 03/23/2028 (A) |
2,000,000 | 2,059,436 | ||||||
Broadstone Net Lease LLC |
||||||||
2.60%, 09/15/2031 |
3,751,000 | 3,556,793 | ||||||
Corporate Office Properties LP |
||||||||
2.00%, 01/15/2029 |
868,000 | 815,911 | ||||||
2.25%, 03/15/2026 |
1,256,000 | 1,250,628 | ||||||
2.75%, 04/15/2031 |
636,000 | 611,784 | ||||||
Host Hotels & Resorts LP |
||||||||
2.90%, 12/15/2031 |
2,079,000 | 1,953,824 | ||||||
National Retail Properties, Inc. |
||||||||
2.50%, 04/15/2030 |
1,710,000 | 1,677,497 | ||||||
Office Properties Income Trust |
||||||||
3.45%, 10/15/2031 |
2,467,000 | 2,312,777 | ||||||
Physicians Realty LP |
||||||||
2.63%, 11/01/2031 |
3,021,000 | 2,918,739 | ||||||
Piedmont Operating Partnership LP |
||||||||
2.75%, 04/01/2032 |
2,002,000 | 1,913,120 | ||||||
SBA Tower Trust |
||||||||
1.63%, 05/15/2051 (A) |
3,426,000 | 3,322,561 | ||||||
1.88%, 07/15/2050 (A) |
1,100,000 | 1,083,840 | ||||||
2.84%, 01/15/2050 (A) |
9,139,000 | 9,311,332 | ||||||
3.45%, 03/15/2048 (A) |
2,261,000 | 2,263,704 | ||||||
Simon Property Group LP |
||||||||
2.20%, 02/01/2031 (E) |
2,557,000 | 2,437,909 | ||||||
Weyerhaeuser Co. |
||||||||
4.00%, 04/15/2030 |
2,942,000 | 3,178,687 | ||||||
|
|
|||||||
40,668,542 | ||||||||
|
|
|||||||
Food & Staples Retailing - 0.4% | ||||||||
7-Eleven, Inc. |
||||||||
1.80%, 02/10/2031 (A) |
3,641,000 | 3,342,753 | ||||||
Sysco Corp. |
||||||||
3.30%, 07/15/2026 |
3,170,000 | 3,310,129 | ||||||
|
|
|||||||
6,652,882 | ||||||||
|
|
|||||||
Food Products - 0.5% | ||||||||
Bunge Ltd. Finance Corp. |
||||||||
2.75%, 05/14/2031 |
3,036,000 | 2,950,371 | ||||||
JBS USA LUX SA / JBS USA Food Co. / JBS USA Finance, Inc. |
||||||||
3.00%, 02/02/2029 (C) |
2,337,000 | 2,291,055 | ||||||
Pilgrims Pride Corp. |
||||||||
3.50%, 03/01/2032 (A) |
3,367,000 | 3,196,125 | ||||||
|
|
|||||||
8,437,551 | ||||||||
|
|
|||||||
Health Care Equipment & Supplies - 0.4% | ||||||||
Alcon Finance Corp. |
||||||||
2.75%, 09/23/2026 (A) |
1,862,000 | 1,884,434 | ||||||
DENTSPLY SIRONA, Inc. |
||||||||
3.25%, 06/01/2030 |
2,762,000 | 2,836,325 | ||||||
Koninklijke Philips NV |
||||||||
5.00%, 03/15/2042 |
1,155,000 | 1,399,580 | ||||||
|
|
|||||||
6,120,339 | ||||||||
|
|
Principal | Value | |||||||
CORPORATE DEBT SECURITIES (continued) | ||||||||
Health Care Providers & Services - 1.4% | ||||||||
Anthem, Inc. |
||||||||
2.25%, 05/15/2030 |
$ 1,698,000 | $ 1,626,437 | ||||||
Centene Corp. |
||||||||
3.38%, 02/15/2030 |
2,847,000 | 2,793,761 | ||||||
Cigna Corp. |
||||||||
2.40%, 03/15/2030 |
2,421,000 | 2,334,532 | ||||||
CVS Health Corp. |
||||||||
2.70%, 08/21/2040 |
1,856,000 | 1,660,248 | ||||||
3.75%, 04/01/2030 |
3,662,000 | 3,894,228 | ||||||
HCA, Inc. |
||||||||
4.13%, 06/15/2029 |
999,000 | 1,064,293 | ||||||
5.25%, 04/15/2025 |
959,000 | 1,043,535 | ||||||
5.50%, 06/15/2047 |
1,546,000 | 1,869,458 | ||||||
Health Care Service Corp. |
||||||||
2.20%, 06/01/2030 (A) |
2,810,000 | 2,667,262 | ||||||
Molina Healthcare, Inc. |
||||||||
3.88%, 05/15/2032 (A) |
1,371,000 | 1,323,015 | ||||||
4.38%, 06/15/2028 (A) |
1,710,000 | 1,714,549 | ||||||
|
|
|||||||
21,991,318 | ||||||||
|
|
|||||||
Hotels, Restaurants & Leisure - 0.3% | ||||||||
Expedia Group, Inc. |
||||||||
2.95%, 03/15/2031 |
795,000 | 764,746 | ||||||
3.80%, 02/15/2028 |
2,214,000 | 2,297,282 | ||||||
Hyatt Hotels Corp. |
||||||||
1.80%, 10/01/2024 |
1,324,000 | 1,315,030 | ||||||
|
|
|||||||
4,377,058 | ||||||||
|
|
|||||||
Household Durables - 0.2% | ||||||||
D.R. Horton, Inc. |
||||||||
4.38%, 09/15/2022 |
3,378,000 | 3,418,924 | ||||||
|
|
|||||||
Industrial Conglomerates - 0.1% | ||||||||
General Electric Co. |
||||||||
4.13%, 10/09/2042 |
1,481,000 | 1,579,190 | ||||||
|
|
|||||||
Insurance - 1.6% | ||||||||
American International Group, Inc. |
||||||||
3.88%, 01/15/2035 |
1,727,000 | 1,850,186 | ||||||
Enstar Group Ltd. |
||||||||
3.10%, 09/01/2031 |
5,002,000 | 4,735,334 | ||||||
Fairfax Financial Holdings Ltd. |
||||||||
3.38%, 03/03/2031 |
4,754,000 | 4,763,451 | ||||||
Global Atlantic Finance Co. |
||||||||
3.13%, 06/15/2031 (A) |
4,979,000 | 4,755,148 | ||||||
Prudential Financial, Inc. |
||||||||
Fixed until 07/01/2030, |
3,249,000 | 3,180,952 | ||||||
Reinsurance Group of America, Inc. |
||||||||
3-Month LIBOR + 2.67%, |
5,842,000 | 5,404,278 | ||||||
|
|
|||||||
24,689,349 | ||||||||
|
|
|||||||
Interactive Media & Services - 0.5% | ||||||||
Baidu, Inc. |
||||||||
4.38%, 05/14/2024 |
4,652,000 | 4,885,589 | ||||||
Tencent Holdings Ltd. |
||||||||
3.28%, 04/11/2024 (A) |
2,683,000 | 2,758,473 | ||||||
|
|
|||||||
7,644,062 | ||||||||
|
|
|||||||
IT Services - 0.2% | ||||||||
Rackspace Technology Global, Inc. |
||||||||
3.50%, 02/15/2028 (A) |
2,902,000 | 2,707,653 | ||||||
|
|
Transamerica Funds |
Page 4 |
Transamerica Intermediate Bond
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2022
(unaudited)
Principal | Value | |||||||
CORPORATE DEBT SECURITIES (continued) | ||||||||
Machinery - 0.2% | ||||||||
Flowserve Corp. |
||||||||
2.80%, 01/15/2032 |
$ 2,501,000 | $ 2,354,651 | ||||||
|
|
|||||||
Media - 0.5% | ||||||||
Charter Communications Operating LLC / Charter Communications Operating Capital |
||||||||
4.80%, 03/01/2050 |
1,925,000 | 1,977,387 | ||||||
Clear Channel Worldwide Holdings, Inc. |
||||||||
5.13%, 08/15/2027 (A) |
2,020,000 | 2,020,000 | ||||||
Comcast Corp. |
||||||||
2.94%, 11/01/2056 (A) |
866,000 | 767,483 | ||||||
NBCUniversal Media LLC |
||||||||
4.45%, 01/15/2043 |
1,792,000 | 2,040,660 | ||||||
ViacomCBS, Inc. |
||||||||
4.20%, 05/19/2032 |
1,572,000 | 1,706,012 | ||||||
|
|
|||||||
8,511,542 | ||||||||
|
|
|||||||
Metals & Mining - 0.6% | ||||||||
Anglo American Capital PLC |
||||||||
4.00%, 09/11/2027 (A) |
2,277,000 | 2,404,365 | ||||||
4.75%, 04/10/2027 (A) |
905,000 | 990,595 | ||||||
Freeport-McMoRan, Inc. |
||||||||
3.88%, 03/15/2023 |
3,864,000 | 3,917,130 | ||||||
Glencore Funding LLC |
||||||||
2.63%, 09/23/2031 (A) |
2,659,000 | 2,487,223 | ||||||
|
|
|||||||
9,799,313 | ||||||||
|
|
|||||||
Multi-Utilities - 0.3% | ||||||||
Black Hills Corp. |
||||||||
4.25%, 11/30/2023 |
2,555,000 | 2,661,110 | ||||||
CMS Energy Corp. |
||||||||
3.88%, 03/01/2024 |
387,000 | 401,320 | ||||||
4.88%, 03/01/2044 |
521,000 | 625,792 | ||||||
Public Service Enterprise Group, Inc. |
||||||||
2.65%, 11/15/2022 |
1,115,000 | 1,128,117 | ||||||
|
|
|||||||
4,816,339 | ||||||||
|
|
|||||||
Oil, Gas & Consumable Fuels - 2.8% | ||||||||
Boardwalk Pipelines LP |
||||||||
3.40%, 02/15/2031 |
1,670,000 | 1,667,917 | ||||||
BP Capital Markets PLC |
||||||||
3.12%, 05/04/2026 |
4,209,000 | 4,325,813 | ||||||
Chevron USA, Inc. |
||||||||
3.25%, 10/15/2029 |
2,185,000 | 2,314,196 | ||||||
Energy Transfer LP |
||||||||
4.90%, 02/01/2024 |
1,530,000 | 1,603,828 | ||||||
5.15%, 03/15/2045 |
891,000 | 953,573 | ||||||
5.95%, 10/01/2043 |
691,000 | 795,912 | ||||||
7.60%, 02/01/2024 |
2,160,000 | 2,340,336 | ||||||
Enterprise Products Operating LLC |
||||||||
4.25%, 02/15/2048 |
5,311,000 | 5,654,977 | ||||||
Kinder Morgan Energy Partners LP |
||||||||
4.15%, 02/01/2024 |
1,698,000 | 1,770,102 | ||||||
Occidental Petroleum Corp. |
||||||||
5.55%, 03/15/2026 |
5,039,000 | 5,379,133 | ||||||
Petroleos Mexicanos |
||||||||
6.84%, 01/23/2030 |
3,109,000 | 3,171,491 | ||||||
6.88%, 08/04/2026 |
2,785,000 | 2,984,128 | ||||||
7.69%, 01/23/2050 |
641,000 | 593,457 | ||||||
Pioneer Natural Resources Co. |
||||||||
2.15%, 01/15/2031 |
3,281,000 | 3,073,614 | ||||||
Plains All American Pipeline LP / PAA Finance Corp. |
||||||||
3.55%, 12/15/2029 |
1,655,000 | 1,669,810 |
Principal | Value | |||||||
CORPORATE DEBT SECURITIES (continued) | ||||||||
Oil, Gas & Consumable Fuels (continued) | ||||||||
Sabine Pass Liquefaction LLC |
||||||||
4.20%, 03/15/2028 |
$ 1,544,000 | $ 1,655,968 | ||||||
Saudi Arabian Oil Co. |
||||||||
1.25%, 11/24/2023 (A) |
323,000 | 320,578 | ||||||
Shell International Finance BV |
||||||||
2.50%, 09/12/2026 |
2,756,000 | 2,816,451 | ||||||
3.75%, 09/12/2046 |
1,527,000 | 1,639,982 | ||||||
Williams Cos., Inc. |
||||||||
5.40%, 03/04/2044 |
585,000 | 695,543 | ||||||
|
|
|||||||
45,426,809 | ||||||||
|
|
|||||||
Pharmaceuticals - 0.8% | ||||||||
Astrazeneca Finance LLC |
||||||||
1.20%, 05/28/2026 |
1,383,000 | 1,340,684 | ||||||
AstraZeneca PLC |
||||||||
4.38%, 08/17/2048 |
1,275,000 | 1,531,312 | ||||||
Bayer US Finance II LLC |
||||||||
4.38%, 12/15/2028 (A) |
2,230,000 | 2,412,916 | ||||||
Bristol-Myers Squibb Co. |
||||||||
1.45%, 11/13/2030 |
2,420,000 | 2,224,326 | ||||||
Royalty Pharma PLC |
||||||||
2.20%, 09/02/2030 |
2,857,000 | 2,645,630 | ||||||
Viatris, Inc. |
||||||||
2.30%, 06/22/2027 |
1,329,000 | 1,311,430 | ||||||
Zoetis, Inc. |
||||||||
2.00%, 05/15/2030 |
1,735,000 | 1,649,986 | ||||||
|
|
|||||||
13,116,284 | ||||||||
|
|
|||||||
Professional Services - 0.3% | ||||||||
Equifax, Inc. |
||||||||
2.60%, 12/01/2024 |
2,138,000 | 2,175,299 | ||||||
Experian Finance PLC |
||||||||
2.75%, 03/08/2030 (A) |
2,582,000 | 2,581,915 | ||||||
|
|
|||||||
4,757,214 | ||||||||
|
|
|||||||
Road & Rail - 0.4% | ||||||||
Avolon Holdings Funding Ltd. |
||||||||
4.38%, 05/01/2026 (A) |
4,648,000 | 4,835,212 | ||||||
5.50%, 01/15/2026 (A) |
1,741,000 | 1,891,324 | ||||||
|
|
|||||||
6,726,536 | ||||||||
|
|
|||||||
Semiconductors & Semiconductor Equipment - 1.7% | ||||||||
Broadcom, Inc. |
||||||||
1.95%, 02/15/2028 (A) |
1,106,000 | 1,054,039 | ||||||
Intel Corp. |
||||||||
2.88%, 05/11/2024 |
1,866,000 | 1,918,455 | ||||||
KLA Corp. |
||||||||
3.30%, 03/01/2050 |
2,318,000 | 2,309,785 | ||||||
Lam Research Corp. |
||||||||
3.75%, 03/15/2026 |
1,851,000 | 1,975,945 | ||||||
Microchip Technology, Inc. |
||||||||
0.98%, 09/01/2024 (A) |
2,438,000 | 2,371,693 | ||||||
Micron Technology, Inc. |
||||||||
2.70%, 04/15/2032 |
3,930,000 | 3,757,159 | ||||||
NXP BV / NXP Funding LLC / NXP USA, Inc. |
||||||||
3.25%, 11/30/2051 (A) |
1,240,000 | 1,150,159 | ||||||
3.40%, 05/01/2030 (A) |
1,216,000 | 1,252,228 | ||||||
QUALCOMM, Inc. |
||||||||
3.25%, 05/20/2027 |
2,348,000 | 2,467,571 | ||||||
3.25%, 05/20/2050 (E) |
1,599,000 | 1,648,582 | ||||||
Skyworks Solutions, Inc. |
||||||||
1.80%, 06/01/2026 |
1,350,000 | 1,309,319 | ||||||
TSMC Global Ltd. |
||||||||
1.38%, 09/28/2030 (A) |
5,908,000 | 5,367,061 | ||||||
|
|
|||||||
26,581,996 | ||||||||
|
|
Transamerica Funds |
Page 5 |
Transamerica Intermediate Bond
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2022
(unaudited)
Principal | Value | |||||||
CORPORATE DEBT SECURITIES (continued) | ||||||||
Software - 0.2% | ||||||||
Crowdstrike Holdings, Inc. |
||||||||
3.00%, 02/15/2029 |
$ 570,000 | $ 534,375 | ||||||
Infor, Inc. |
||||||||
1.75%, 07/15/2025 (A) |
2,732,000 | 2,665,288 | ||||||
|
|
|||||||
3,199,663 | ||||||||
|
|
|||||||
Technology Hardware, Storage & Peripherals - 0.8% | ||||||||
Apple, Inc. |
||||||||
2.65%, 05/11/2050 |
1,986,000 | 1,808,279 | ||||||
Dell International LLC / EMC Corp. |
||||||||
6.02%, 06/15/2026 |
2,232,000 | 2,532,497 | ||||||
Hewlett Packard Enterprise Co. |
||||||||
4.45%, 10/02/2023 |
1,703,000 | 1,779,760 | ||||||
Seagate HDD Cayman |
||||||||
4.13%, 01/15/2031 |
3,751,000 | 3,679,956 | ||||||
Western Digital Corp. |
||||||||
2.85%, 02/01/2029 |
3,762,000 | 3,630,631 | ||||||
|
|
|||||||
13,431,123 | ||||||||
|
|
|||||||
Tobacco - 0.5% | ||||||||
Altria Group, Inc. |
||||||||
2.45%, 02/04/2032 |
3,009,000 | 2,736,544 | ||||||
BAT Capital Corp. |
||||||||
2.26%, 03/25/2028 |
3,028,000 | 2,873,973 | ||||||
4.91%, 04/02/2030 |
2,213,000 | 2,413,071 | ||||||
|
|
|||||||
8,023,588 | ||||||||
|
|
|||||||
Wireless Telecommunication Services - 0.7% | ||||||||
America Movil SAB de CV |
||||||||
4.38%, 07/16/2042 |
2,100,000 | 2,404,524 | ||||||
Crown Castle Towers LLC |
||||||||
3.72%, 07/15/2043 (A) |
3,233,000 | 3,269,869 | ||||||
Sprint Corp. |
||||||||
7.88%, 09/15/2023 |
1,290,000 | 1,393,200 | ||||||
T-Mobile USA, Inc. |
||||||||
3.50%, 04/15/2031 |
700,000 | 682,871 | ||||||
3.88%, 04/15/2030 |
3,631,000 | 3,814,194 | ||||||
|
|
|||||||
11,564,658 | ||||||||
|
|
|||||||
Total Corporate Debt Securities |
|
554,648,857 | ||||||
|
|
|||||||
FOREIGN GOVERNMENT OBLIGATIONS - 1.2% | ||||||||
Brazil - 0.1% | ||||||||
Brazil Government International Bond |
||||||||
4.25%, 01/07/2025 |
1,440,000 | 1,512,778 | ||||||
|
|
|||||||
Chile - 0.1% | ||||||||
Chile Government International Bond |
||||||||
3.50%, 01/25/2050 |
2,200,000 | 2,109,426 | ||||||
|
|
|||||||
Colombia - 0.2% | ||||||||
Colombia Government International Bond |
||||||||
4.50%, 01/28/2026 |
3,650,000 | 3,759,244 | ||||||
|
|
|||||||
Indonesia - 0.3% | ||||||||
Indonesia Government International Bond |
||||||||
4.75%, 01/08/2026 (A) |
4,060,000 | 4,458,007 | ||||||
|
|
|||||||
Mexico - 0.2% | ||||||||
Mexico Government International Bond |
||||||||
3.75%, 01/11/2028 |
3,481,000 | 3,676,911 | ||||||
|
|
Principal | Value | |||||||
FOREIGN GOVERNMENT OBLIGATIONS (continued) | ||||||||
Panama - 0.1% | ||||||||
Panama Government International Bond |
||||||||
3.88%, 03/17/2028 |
$ 1,335,000 | $ 1,401,937 | ||||||
|
|
|||||||
Peru - 0.1% | ||||||||
Peru Government International Bond |
||||||||
7.35%, 07/21/2025 |
1,010,000 | 1,182,609 | ||||||
|
|
|||||||
Poland - 0.0% (F) | ||||||||
Republic of Poland Government International Bond |
||||||||
3.00%, 03/17/2023 |
500,000 | 510,825 | ||||||
|
|
|||||||
Qatar - 0.1% | ||||||||
Qatar Government International Bond |
||||||||
3.88%, 04/23/2023 (A) |
913,000 | 942,417 | ||||||
|
|
|||||||
Total Foreign Government Obligations |
|
19,554,154 | ||||||
|
|
|||||||
MORTGAGE-BACKED SECURITIES - 8.6% | ||||||||
Alternative Loan Trust |
||||||||
Series 2005-36, Class 2A1A, |
||||||||
1-Month LIBOR + 0.62%, |
394,465 | 358,125 | ||||||
Series 2005-50CB, Class 1A1, |
||||||||
5.50%, 11/25/2035 |
538,567 | 503,559 | ||||||
Series 2005-51, Class 3A3A, |
||||||||
1-Month LIBOR + 0.64%, |
395,522 | 369,319 | ||||||
Series 2007-22, Class 2A16, |
||||||||
6.50%, 09/25/2037 |
4,837,903 | 2,653,114 | ||||||
Series 2007-5CB, Class 1A31, |
||||||||
5.50%, 04/25/2037 |
761,706 | 526,200 | ||||||
BB-UBS Trust |
||||||||
Series 2012-TFT, Class A, |
||||||||
2.89%, 06/05/2030 (A) |
1,893,357 | 1,894,443 | ||||||
Series 2012-TFT, Class C, |
||||||||
3.56% (B), 06/05/2030 (A) |
7,195,000 | 6,363,971 | ||||||
BBCMS Trust |
||||||||
Series 2015-MSQ, Class B, |
||||||||
3.89%, 09/15/2032 (A) |
1,100,000 | 1,101,887 | ||||||
Bear Stearns Alt-A Trust |
||||||||
Series 2004-11, Class 2A2, |
||||||||
2.71% (B), 11/25/2034 |
27,968 | 28,858 | ||||||
CHL Mortgage Pass-Through Trust |
||||||||
Series 2003-60, Class 1A1, |
||||||||
2.17% (B), 02/25/2034 |
21,186 | 21,492 | ||||||
Series 2005-3, Class 1A2, |
||||||||
1-Month LIBOR + 0.58%, |
78,439 | 73,505 | ||||||
CIM Trust |
||||||||
Series 2021-R6, Class A1, |
||||||||
1.43% (B), 07/25/2061 (A) |
7,584,235 | 7,395,156 | ||||||
Citigroup Commercial Mortgage Trust |
||||||||
Series 2014-GC19, Class A3, |
||||||||
3.75%, 03/10/2047 |
830,796 | 856,313 | ||||||
Series 2014-GC19, Class A4, |
||||||||
4.02%, 03/10/2047 |
2,065,000 | 2,151,395 | ||||||
Citigroup Mortgage Loan Trust, Inc. |
||||||||
Series 2014-A, Class A, |
||||||||
4.00% (B), 01/25/2035 (A) |
285,112 | 288,491 | ||||||
Series 2015-A, Class A1, |
||||||||
3.50% (B), 06/25/2058 (A) |
45,329 | 45,330 | ||||||
Series 2015-PS1, Class A1, |
||||||||
3.75% (B), 09/25/2042 (A) |
320,493 | 324,508 |
Transamerica Funds |
Page 6 |
Transamerica Intermediate Bond
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2022
(unaudited)
Principal | Value | |||||||
MORTGAGE-BACKED SECURITIES (continued) | ||||||||
Citigroup Mortgage Loan Trust, Inc. (continued) |
||||||||
Series 2018-RP1, Class A1, |
||||||||
3.00% (B), 09/25/2064 (A) |
$ 1,643,015 | $ 1,663,144 | ||||||
COMM Mortgage Trust |
||||||||
Series 2013-CR11, Class AM, |
||||||||
4.72% (B), 08/10/2050 |
565,000 | 588,734 | ||||||
Series 2013-GAM, Class A2, |
||||||||
3.37%, 02/10/2028 (A) |
3,392,431 | 3,384,325 | ||||||
Series 2014-UBS2, Class A5, |
||||||||
3.96%, 03/10/2047 |
4,680,000 | 4,856,684 | ||||||
Series 2015-3BP, Class A, |
||||||||
3.18%, 02/10/2035 (A) |
8,485,000 | 8,743,887 | ||||||
Commercial Mortgage Pass-Through Certificates Trust |
||||||||
Series 2012-LTRT, Class A2, |
||||||||
3.40%, 10/05/2030 (A) |
7,035,000 | 6,986,021 | ||||||
CSMC Trust |
||||||||
Series 2014-11R, Class 17A1, |
||||||||
1-Month LIBOR + 0.15%, |
428,386 | 432,006 | ||||||
Series 2021-RPL2, Class A1A, |
||||||||
1.11% (B), 01/25/2060 (A) |
7,243,072 | 6,970,044 | ||||||
Series 2021-RPL6, Class A1, |
||||||||
2.00% (B), 10/25/2060 (A) |
4,989,272 | 4,930,374 | ||||||
Fontainebleau Miami Beach Trust |
||||||||
Series 2019-FBLU, Class B, |
||||||||
3.45%, 12/10/2036 (A) |
6,050,000 | 6,105,918 | ||||||
GMACM Mortgage Loan Trust |
||||||||
Series 2005-AR1, Class 3A, |
||||||||
3.75% (B), 03/18/2035 |
6,828 | 6,701 | ||||||
GS Mortgage Securities Trust |
||||||||
Series 2013-G1, Class A2, |
||||||||
3.56% (B), 04/10/2031 (A) |
4,664,567 | 4,618,007 | ||||||
HarborView Mortgage Loan Trust |
||||||||
Series 2004-4, Class 2A, |
||||||||
1-Month LIBOR + 0.56%, |
174,543 | 170,789 | ||||||
Impac CMB Trust |
||||||||
Series 2004-6, Class 1A1, |
||||||||
1-Month LIBOR + 0.80%, |
7,007 | 6,976 | ||||||
IndyMac INDX Mortgage Loan Trust |
||||||||
Series 2007-AR15, Class 2A1, |
||||||||
3.10% (B), 08/25/2037 |
305,765 | 276,494 | ||||||
JPMorgan Chase Commercial Mortgage Securities Trust |
||||||||
Series 2012-WLDN, Class A, |
||||||||
3.91%, 05/05/2030 (A) |
6,261,365 | 5,447,388 | ||||||
Series 2014-DSTY, Class B, |
||||||||
3.77%, 06/10/2027 (A) |
4,800,000 | 1,344,000 | ||||||
JPMorgan Mortgage Trust |
||||||||
Series 2004-A1, Class 1A1, |
||||||||
1.60% (B), 02/25/2034 |
17,356 | 16,656 | ||||||
Series 2006-A2, Class 5A1, |
||||||||
2.27% (B), 11/25/2033 |
10,923 | 11,081 | ||||||
Series 2006-S3, Class 1A12, |
||||||||
6.50%, 08/25/2036 |
156,009 | 82,750 | ||||||
MASTR Adjustable Rate Mortgages Trust |
||||||||
Series 2007-R5, Class A1, |
||||||||
2.63% (B), 11/25/2035 (A) |
208,840 | 148,969 | ||||||
Merrill Lynch Mortgage Investors Trust |
||||||||
Series 2003-F, Class A1, |
||||||||
1-Month LIBOR + 0.64%, |
7,591 | 7,494 | ||||||
Series 2004-A1, Class 2A1, |
||||||||
2.23% (B), 02/25/2034 |
55,398 | 57,021 | ||||||
Series 2005-A4, Class 2A2, |
||||||||
2.39% (B), 07/25/2035 |
48,998 | 47,244 |
Principal | Value | |||||||
MORTGAGE-BACKED SECURITIES (continued) | ||||||||
Morgan Stanley Bank of America Merrill Lynch Trust |
||||||||
Series 2012-C6, Class AS, |
||||||||
3.48%, 11/15/2045 |
$ 1,800,000 | $ 1,814,654 | ||||||
Series 2013-C11, Class B, |
||||||||
4.35% (B), 08/15/2046 |
1,035,000 | 769,564 | ||||||
Morgan Stanley Resecuritization Trust |
||||||||
Series 2014-R4, Class 4A, |
||||||||
2.67% (B), 11/21/2035 (A) |
12,911 | 12,896 | ||||||
Nationstar Mortgage Loan Trust |
||||||||
Series 2013-A, Class A, |
||||||||
3.75% (B), 12/25/2052 (A) |
933,220 | 935,986 | ||||||
New Residential Mortgage Loan Trust |
||||||||
Series 2014-1A, Class A, |
||||||||
3.75% (B), 01/25/2054 (A) |
390,627 | 403,920 | ||||||
Series 2014-2A, Class A3, |
||||||||
3.75% (B), 05/25/2054 (A) |
293,341 | 301,490 | ||||||
Series 2014-3A, Class AFX3, |
||||||||
3.75% (B), 11/25/2054 (A) |
1,050,691 | 1,085,650 | ||||||
Series 2015-2A, Class A1, |
||||||||
3.75% (B), 08/25/2055 (A) |
1,313,371 | 1,353,879 | ||||||
Series 2016-2A, Class A1, |
||||||||
3.75% (B), 11/26/2035 (A) |
1,218,255 | 1,258,636 | ||||||
Series 2016-3A, Class A1B, |
||||||||
3.25% (B), 09/25/2056 (A) |
1,724,668 | 1,768,015 | ||||||
Series 2017-1A, Class A1, |
||||||||
4.00% (B), 02/25/2057 (A) |
2,169,289 | 2,262,089 | ||||||
Series 2017-2A, Class A3, |
||||||||
4.00% (B), 03/25/2057 (A) |
940,767 | 977,266 | ||||||
Series 2017-3A, Class A1, |
||||||||
4.00% (B), 04/25/2057 (A) |
5,300,872 | 5,495,587 | ||||||
Series 2017-4A, Class A1, |
||||||||
4.00% (B), 05/25/2057 (A) |
1,767,798 | 1,833,037 | ||||||
Series 2018-1A, Class A1A, |
||||||||
4.00% (B), 12/25/2057 (A) |
1,051,667 | 1,096,432 | ||||||
Series 2019-4A, Class A1B, |
||||||||
3.50% (B), 12/25/2058 (A) |
6,873,451 | 7,049,309 | ||||||
Series 2019-5A, Class A1B, |
||||||||
3.50% (B), 08/25/2059 (A) |
1,826,075 | 1,860,662 | ||||||
One Market Plaza Trust |
||||||||
Series 2017-1MKT, Class A, |
||||||||
3.61%, 02/10/2032 (A) |
10,807,000 | 10,863,638 | ||||||
Palisades Center Trust |
||||||||
Series 2016-PLSD, Class A, |
||||||||
2.71%, 04/13/2033 (A) |
6,500,000 | 5,826,935 | ||||||
RALI Trust |
||||||||
Series 2007-QO4, Class A1A, |
||||||||
1-Month LIBOR + 0.38%, |
320,392 | 310,749 | ||||||
Structured Adjustable Rate Mortgage Loan Trust |
||||||||
Series 2005-15, Class 1A1, |
||||||||
2.94% (B), 07/25/2035 |
237,354 | 173,589 | ||||||
Series 2007-3, Class 3A1, |
||||||||
3.08% (B), 04/25/2047 |
585,156 | 361,478 | ||||||
Structured Asset Mortgage Investments II Trust |
||||||||
Series 2003-AR4, Class A1, |
||||||||
1-Month LIBOR + 0.70%, |
16,180 | 16,184 | ||||||
Towd Point Mortgage Trust |
||||||||
Series 2021-1, Class A1, |
||||||||
2.25% (B), 11/25/2061 (A) |
5,388,001 | 5,404,539 |
Transamerica Funds |
Page 7 |
Transamerica Intermediate Bond
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2022
(unaudited)
Principal | Value | |||||||
MORTGAGE-BACKED SECURITIES (continued) | ||||||||
WaMu Mortgage Pass-Through Certificates Trust |
||||||||
Series 2005-AR8, Class 2A1A, |
||||||||
1-Month LIBOR + 0.58%, |
$ 21,335 | $ 21,123 | ||||||
Series 2007-OA6, Class 1A1B, |
||||||||
12-MTA + 0.81%, |
13,837 | 268 | ||||||
Wells Fargo Commercial Mortgage Trust |
||||||||
Series 2015-C26, Class B, |
||||||||
3.78%, 02/15/2048 |
3,000,000 | 3,064,899 | ||||||
|
|
|||||||
Total Mortgage-Backed Securities |
|
138,180,847 | ||||||
|
|
|||||||
MUNICIPAL GOVERNMENT OBLIGATION - 0.0% (F) | ||||||||
Georgia - 0.0% (F) | ||||||||
Municipal Electric Authority of Georgia, Revenue Bonds, |
||||||||
Series A, |
||||||||
6.64%, 04/01/2057 |
273,000 | 397,014 | ||||||
|
|
|||||||
Total Municipal Government Obligation |
|
397,014 | ||||||
|
|
|||||||
U.S. GOVERNMENT AGENCY OBLIGATIONS - 22.0% | ||||||||
Federal Home Loan Mortgage Corp. |
||||||||
6-Month LIBOR + 1.36%, |
14,376 | 14,828 | ||||||
6-Month LIBOR + 1.57%, |
2,507 | 2,520 | ||||||
6-Month LIBOR + 1.57%, |
29,741 | 30,462 | ||||||
12-Month LIBOR + 1.66%, |
54,811 | 57,263 | ||||||
12-Month LIBOR + 1.73%, |
174,053 | 180,880 | ||||||
12-Month LIBOR + 1.75%, |
6,501 | 6,696 | ||||||
12-Month LIBOR + 1.80%, |
10,429 | 10,933 | ||||||
6-Month LIBOR + 2.12%, |
4,991 | 5,022 | ||||||
12-Month LIBOR + 1.90%, |
66,790 | 68,523 | ||||||
5.00%, 12/01/2035 |
240,086 | 271,459 | ||||||
6.00%, 05/01/2031 |
170,869 | 191,609 | ||||||
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates |
||||||||
2.89%, 06/25/2027 |
8,325,996 | 8,600,848 | ||||||
3.01%, 07/25/2025 |
12,812,000 | 13,351,014 | ||||||
3.06% (B), 08/25/2024 |
4,932,789 | 5,102,268 | ||||||
3.17%, 10/25/2024 |
2,140,000 | 2,226,471 | ||||||
3.49%, 01/25/2024 |
6,965,000 | 7,218,550 | ||||||
Federal National Mortgage Association |
||||||||
6-Month LIBOR + 0.95%, |
1,287 | 1,308 | ||||||
6-Month LIBOR + 1.53%, |
726 | 727 | ||||||
6-Month LIBOR + 1.51%, |
4,921 | 5,091 | ||||||
12-Month LIBOR + 1.74%, |
20,430 | 21,411 | ||||||
12-Month LIBOR + 1.75%, |
12,682 | 12,703 | ||||||
3.50%, 07/01/2028 - 01/01/2029 |
1,166,308 | 1,230,599 | ||||||
4.50%, 02/01/2025 - 04/01/2025 |
43,893 | 45,743 | ||||||
5.00%, 04/01/2039 - 11/01/2039 |
5,615,449 | 6,205,957 | ||||||
5.50%, 04/01/2036 - 12/01/2041 |
2,854,666 | 3,246,323 |
Principal | Value | |||||||
U.S. GOVERNMENT AGENCY OBLIGATIONS (continued) | ||||||||
Federal National Mortgage Association (continued) |
| |||||||
6.00%, 02/01/2034 - 01/01/2040 |
$ 2,540,316 | $ 2,883,901 | ||||||
6.50%, 06/01/2038 - 05/01/2040 |
1,039,805 | 1,191,515 | ||||||
Government National Mortgage Association, Interest Only STRIPS |
||||||||
0.67% (B), 02/16/2053 |
2,841,121 | 56,111 | ||||||
Tennessee Valley Authority |
||||||||
5.88%, 04/01/2036 |
2,768,000 | 3,931,247 | ||||||
Uniform Mortgage-Backed Security |
||||||||
2.00%, TBA (C) |
83,402,000 | 82,359,501 | ||||||
2.50%, TBA (C) |
103,255,000 | 103,378,752 | ||||||
3.00%, TBA (C) |
57,724,000 | 58,998,695 | ||||||
3.50%, TBA (C) |
36,685,000 | 38,238,380 | ||||||
4.00%, TBA (C) |
12,709,000 | 13,429,342 | ||||||
|
|
|||||||
Total U.S. Government Agency Obligations |
|
352,576,652 | ||||||
|
|
|||||||
U.S. GOVERNMENT OBLIGATIONS - 24.4% | ||||||||
U.S. Treasury - 20.9% | ||||||||
U.S. Treasury Bond |
||||||||
1.25%, 05/15/2050 |
10,581,000 | 8,625,582 | ||||||
1.38%, 08/15/2050 |
1,413,000 | 1,188,576 | ||||||
1.88%, 02/15/2051 - 11/15/2051 |
15,476,000 | 14,702,755 | ||||||
2.00%, 02/15/2050 |
10,433,000 | 10,190,922 | ||||||
2.25%, 08/15/2046 |
3,501,000 | 3,553,515 | ||||||
2.38%, 05/15/2051 |
3,830,000 | 4,063,391 | ||||||
2.50%, 02/15/2045 - 05/15/2046 |
42,510,200 | 44,996,656 | ||||||
2.75%, 08/15/2042 (E) |
2,924,500 | 3,209,753 | ||||||
2.75%, 11/15/2047 |
1,522,000 | 1,703,629 | ||||||
2.88%, 08/15/2045 (E) |
6,203,000 | 7,005,755 | ||||||
2.88%, 05/15/2049 |
3,692,500 | 4,277,530 | ||||||
3.00%, 05/15/2042 - 08/15/2048 |
7,297,300 | 8,458,604 | ||||||
3.13%, 02/15/2042 |
4,983,000 | 5,783,784 | ||||||
3.13%, 05/15/2048 (E) |
414,000 | 497,609 | ||||||
3.63%, 02/15/2044 |
9,479,600 | 11,892,084 | ||||||
4.50%, 02/15/2036 (E) |
8,593,200 | 11,461,852 | ||||||
5.25%, 02/15/2029 |
4,198,100 | 5,177,602 | ||||||
U.S. Treasury Note |
||||||||
0.13%, 12/31/2022 |
4,565,000 | 4,538,430 | ||||||
0.25%, 05/31/2025 |
3,253,000 | 3,127,582 | ||||||
0.63%, 05/15/2030 - 08/15/2030 |
11,796,000 | 10,745,739 | ||||||
0.88%, 06/30/2026 |
2,410,100 | 2,337,232 | ||||||
1.13%, 02/15/2031 |
8,409,000 | 7,961,943 | ||||||
1.25%, 11/30/2026 (E) |
12,997,000 | 12,781,737 | ||||||
1.38%, 11/15/2031 |
5,848,000 | 5,636,010 | ||||||
1.50%, 08/15/2026 - 02/15/2030 |
22,038,700 | 21,918,024 | ||||||
1.63%, 05/15/2026 - 05/15/2031 |
16,388,900 | 16,307,518 | ||||||
1.63%, 08/15/2029 (E) |
4,823,000 | 4,786,451 | ||||||
1.75%, 05/15/2023 |
1,619,200 | 1,636,277 | ||||||
2.13%, 06/30/2022 |
2,305,000 | 2,321,207 | ||||||
2.25%, 11/15/2025 (E) |
13,337,500 | 13,695,945 | ||||||
2.25%, 11/15/2027 |
9,281,400 | 9,568,181 | ||||||
2.38%, 01/31/2023 - 02/29/2024 |
5,427,000 | 5,545,770 | ||||||
2.50%, 08/15/2023 - 01/31/2024 |
9,006,000 | 9,224,916 | ||||||
2.63%, 02/15/2029 |
2,275,400 | 2,408,013 | ||||||
2.88%, 05/15/2028 - 08/15/2028 |
35,899,800 | 38,394,454 | ||||||
3.13%, 11/15/2028 |
13,172,000 | 14,336,899 | ||||||
|
|
|||||||
334,061,927 | ||||||||
|
|
|||||||
U.S. Treasury Inflation-Protected Securities - 3.5% | ||||||||
U.S. Treasury Inflation-Indexed Bond |
||||||||
0.25%, 02/15/2050 |
7,006,653 | 7,740,892 | ||||||
1.75%, 01/15/2028 |
4,133,600 | 4,838,949 | ||||||
2.50%, 01/15/2029 |
12,399,738 | 15,460,762 |
Transamerica Funds |
Page 8 |
Transamerica Intermediate Bond
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2022
(unaudited)
Principal | Value | |||||||
U.S. GOVERNMENT OBLIGATIONS (continued) | ||||||||
U.S. Treasury Inflation-Protected Securities (continued) | ||||||||
U.S. Treasury Inflation-Indexed Note |
||||||||
0.13%, 07/15/2030 |
$ 7,239,435 | $ 7,859,689 | ||||||
0.63%, 01/15/2024 |
18,561,845 | 19,558,578 | ||||||
|
|
|||||||
55,458,870 | ||||||||
|
|
|||||||
Total U.S. Government Obligations |
|
389,520,797 | ||||||
|
|
|||||||
Shares | Value | |||||||
PREFERRED STOCKS - 0.1% | ||||||||
Banks - 0.1% | ||||||||
Citigroup Capital XIII, |
||||||||
3-Month LIBOR + 6.37%, |
52,502 | 1,413,354 | ||||||
|
|
|||||||
Electric Utilities - 0.0% (F) | ||||||||
SCE Trust III, |
||||||||
Series H, Fixed until 03/15/2024, |
7,998 | 197,151 | ||||||
|
|
|||||||
Total Preferred Stocks |
|
1,610,505 | ||||||
|
|
|||||||
Principal | Value | |||||||
COMMERCIAL PAPER - 16.7% | ||||||||
Banks - 6.2% | ||||||||
Australia & New Zealand Banking Group Ltd. |
||||||||
0.20% (G), 03/11/2022 |
$ 16,000,000 | 15,998,579 | ||||||
Bank of Nova Scotia |
||||||||
0.22% (G), 03/11/2022 |
6,900,000 | 6,899,297 | ||||||
Concord Minutemen Capital Co. LLC |
||||||||
0.16% (G), 02/10/2022 |
13,000,000 | 12,999,697 | ||||||
DBS Bank Ltd. |
||||||||
0.15% (G), 02/15/2022 |
17,700,000 | 17,699,336 | ||||||
Mackinac Funding Co. LLC |
||||||||
0.21% (G), 03/03/2022 |
16,000,000 | 15,997,754 | ||||||
Macquarie Bank Ltd. |
||||||||
0.20% (G), 02/24/2022 |
10,108,000 | 10,107,245 | ||||||
0.26% (G), 03/07/2022 |
2,320,000 | 2,319,678 | ||||||
Sumitomo Mitsui Banking Corp. |
||||||||
0.14% (G), 02/09/2022 |
17,700,000 | 17,699,717 | ||||||
|
|
|||||||
99,721,303 | ||||||||
|
|
|||||||
Capital Markets - 0.6% | ||||||||
Cedar Springs Capital Co. LLC |
||||||||
0.17% (G), 02/07/2022 |
9,425,000 | 9,424,853 | ||||||
|
|
|||||||
Diversified Financial Services - 7.9% | ||||||||
Anglesea Funding PLC |
||||||||
0.21% (G), 03/11/2022 |
16,000,000 | 15,997,400 | ||||||
Atlantic Asset Securitization LLC |
||||||||
0.24% (G), 04/20/2022 |
9,000,000 | 8,994,648 | ||||||
0.28% (G), 04/29/2022 |
7,900,000 | 7,894,303 | ||||||
Barton Capital SA |
||||||||
0.24% (G), 04/07/2022 |
7,900,000 | 7,896,408 | ||||||
Bennington Stark Capital Co. LLC |
||||||||
0.18% (G), 02/17/2022 |
14,908,000 | 14,907,296 | ||||||
La Fayette Asset Securitization LLC |
||||||||
0.25% (G), 03/09/2022 |
17,000,000 | 16,997,502 | ||||||
Nieuw Amsterdam Receivables Corp. |
||||||||
0.15% (G), 02/02/2022 |
16,000,000 | 15,999,929 | ||||||
Sheffield Receivables Co. LLC |
||||||||
0.15% (G), 02/08/2022 |
17,500,000 | 17,499,685 |
Principal | Value | |||||||
COMMERCIAL PAPER (continued) | ||||||||
Diversified Financial Services (continued) | ||||||||
Starbird Funding Corp. |
||||||||
0.13% (G), 02/04/2022 |
$ 3,000,000 | $ 2,999,973 | ||||||
Victory Receivables Corp. |
||||||||
0.19% (G), 03/02/2022 |
7,060,000 | 7,059,294 | ||||||
0.23% (G), 04/12/2022 |
9,350,000 | 9,345,408 | ||||||
|
|
|||||||
125,591,846 | ||||||||
|
|
|||||||
Food Products - 1.7% | ||||||||
Britannia Funding Co. |
||||||||
0.16% (G), 02/10/2022 |
15,250,000 | 15,249,602 | ||||||
0.18% (G), 02/10/2022 |
12,000,000 | 11,999,687 | ||||||
|
|
|||||||
27,249,289 | ||||||||
|
|
|||||||
Software - 0.3% | ||||||||
Manhattan Asset Funding Co. LLC |
||||||||
0.14% (G), 02/01/2022 |
4,873,000 | 4,872,989 | ||||||
|
|
|||||||
Total Commercial Paper |
|
266,860,280 | ||||||
|
|
|||||||
SHORT-TERM U.S. GOVERNMENT OBLIGATION - 2.6% | ||||||||
U.S. Treasury Bill |
||||||||
0.05% (G), 03/31/2022 |
41,508,000 | 41,500,867 | ||||||
|
|
|||||||
Total Short-Term U.S. Government Obligation |
|
41,500,867 | ||||||
|
|
|||||||
Shares | Value | |||||||
OTHER INVESTMENT COMPANY - 0.4% | ||||||||
Securities Lending Collateral - 0.4% | ||||||||
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 0.04% (G) |
6,726,685 | 6,726,685 | ||||||
|
|
|||||||
Total Other Investment Company |
|
6,726,685 | ||||||
|
|
|||||||
Principal | Value | |||||||
REPURCHASE AGREEMENT - 0.4% | ||||||||
Fixed Income Clearing Corp., 0.00% (G), dated 01/31/2022, to be repurchased at $7,197,084 on 02/01/2022. Collateralized by a U.S. Government Obligation, 3.63%, due 04/15/2028, and with a value of $7,341,050. |
$ 7,197,084 | 7,197,084 | ||||||
|
|
|||||||
Total Repurchase Agreement |
|
7,197,084 | ||||||
|
|
|||||||
Total Investments |
|
1,888,604,533 | ||||||
Net Other Assets (Liabilities) - (18.0)% |
(288,436,754 | ) | ||||||
|
|
|||||||
Net Assets - 100.0% |
$ 1,600,167,779 | |||||||
|
|
Transamerica Funds |
Page 9 |
Transamerica Intermediate Bond
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2022
(unaudited)
INVESTMENT VALUATION:
Valuation Inputs (H)
Level 1 - Unadjusted Quoted Prices |
Level 2 - Other Significant Observable Inputs |
Level 3 - Significant Unobservable Inputs |
Value | |||||||||||||
ASSETS |
| |||||||||||||||
Investments |
| |||||||||||||||
Asset-Backed Securities |
$ | | $ | 109,830,791 | $ | | $ | 109,830,791 | ||||||||
Corporate Debt Securities |
| 554,648,857 | | 554,648,857 | ||||||||||||
Foreign Government Obligations |
| 19,554,154 | | 19,554,154 | ||||||||||||
Mortgage-Backed Securities |
| 138,180,847 | | 138,180,847 | ||||||||||||
Municipal Government Obligation |
| 397,014 | | 397,014 | ||||||||||||
U.S. Government Agency Obligations |
| 352,576,652 | | 352,576,652 | ||||||||||||
U.S. Government Obligations |
| 389,520,797 | | 389,520,797 | ||||||||||||
Preferred Stocks |
1,610,505 | | | 1,610,505 | ||||||||||||
Commercial Paper |
| 266,860,280 | | 266,860,280 | ||||||||||||
Short-Term U.S. Government Obligation |
| 41,500,867 | | 41,500,867 | ||||||||||||
Other Investment Company |
6,726,685 | | | 6,726,685 | ||||||||||||
Repurchase Agreement |
| 7,197,084 | | 7,197,084 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total Investments |
$ | 8,337,190 | $ | 1,880,267,343 | $ | | $ | 1,888,604,533 | ||||||||
|
|
|
|
|
|
|
|
FOOTNOTES TO SCHEDULE OF INVESTMENTS:
(A) | Securities are exempt from registration pursuant to Rule 144A of the Securities Act of 1933. Securities may be resold as transactions exempt from registration, normally to qualified institutional buyers. At January 31, 2022, the total value of 144A securities is $394,998,164, representing 24.7% of the Funds net assets. | |
(B) | Floating or variable rate securities. The rates disclosed are as of January 31, 2022. 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 January 31, 2022. 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) | All or a portion of the securities are on loan. The total value of all securities on loan is $25,357,366, collateralized by cash collateral of $6,726,685 and non-cash collateral, such as U.S. government securities and irrevocable letters of credit, of $19,149,726. 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) | Percentage rounds to less than 0.1% or (0.1)%. | |
(G) | Rates disclosed reflect the yields at January 31, 2022. | |
(H) | There were no transfers in or out of Level 3 during the period ended January 31, 2022. Please reference the Investment Valuation section of the Notes to Schedule of Investments for more information regarding investment valuation and pricing inputs. |
PORTFOLIO ABBREVIATIONS:
LIBOR |
London Interbank Offered Rate | |
MTA |
Month Treasury Average | |
STRIPS |
Separate Trading of Registered Interest and Principal of Securities | |
TBA |
To Be Announced |
Transamerica Funds |
Page 10 |
Transamerica Intermediate Bond
NOTES TO SCHEDULE OF INVESTMENTS
At January 31, 2022
(unaudited)
INVESTMENT VALUATION
Transamerica Intermediate Bond (the Fund) is a series of the Transamerica Funds.
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 Funds 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 Funds investments at January 31, 2022, 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 Funds significant categories of assets and liabilities measured at fair value on a recurring basis are as follows:
Asset-backed securities: The fair value of asset-backed securities is estimated based on models that consider the estimated cash flows of each tranche of the entity, establish a benchmark yield, and develop an estimated tranche specific spread to the benchmark yield based on the unique attributes of the tranche. To the extent the inputs are observable and timely, the values would generally be categorized in Level 2 of the fair value hierarchy; otherwise they would be categorized in Level 3.
Corporate debt securities: The fair value of corporate debt securities is estimated using various techniques, which consider recently executed transactions in securities of the issuer or comparable issuers, market price quotations (where observable), bond spreads, fundamental data relating to the issuer, and credit default swap spreads adjusted for any basis difference between cash and derivative instruments. While most corporate debt securities are categorized in Level 2 of the fair value hierarchy, in instances where lower relative weight is placed on transaction prices, quotations, or similar observable inputs, they are categorized in Level 3.
Foreign government obligations: Foreign government obligations are normally valued using a model that incorporates market observable data such as reported sales of similar securities, broker quotes, yields, bids, offers, and reference data. Certain securities are valued by principally using dealer quotations. Foreign government obligations generally are categorized in Level 2 of the fair value hierarchy, or Level 3 if inputs are unobservable.
Mortgage-backed securities: The fair value of mortgage-backed securities is estimated based on models that consider issuer type, coupon, cash flows, mortgage prepayment projection tables and adjustable rate mortgage evaluations that incorporate index data, periodic life caps and the next coupon reset date. To the extent the inputs are observable and timely, the values would generally be categorized in Level 2 of the fair value hierarchy; otherwise they are categorized in Level 3.
Transamerica Funds |
Page 11 |
Transamerica Intermediate Bond
NOTES TO SCHEDULE OF INVESTMENTS (continued)
At January 31, 2022
(unaudited)
Municipal government obligations: The fair value of municipal government obligations and variable rate notes is estimated based on models that consider, among other factors, information received from market makers and broker-dealers, current trades, bid-want lists, offerings, market movements, the liquidity of the bond, state of issuance, benchmark yield curves, and bond or note insurance. To the extent the inputs are observable and timely, the values would generally be categorized in Level 2 of the fair value hierarchy; otherwise they are categorized in Level 3.
U.S. government agency obligations: U.S. government agency obligations are comprised of two main categories consisting of agency issued debt and mortgage pass-throughs. Generally, agency issued debt securities are valued in a manner similar to U.S. government obligations. Mortgage pass-throughs include to be announced (TBA) securities and mortgage pass-through certificates. Generally, TBA securities and mortgage pass-throughs are valued using dealer quotations. Depending on market activity levels and whether quotations or other observable data are used, these securities are typically categorized in Level 2 of the fair value hierarchy; otherwise they would be categorized in Level 3.
U.S. government obligations: U.S. government obligations are normally valued using a model that incorporates market observable data such as reported sales of similar securities, broker quotes, yields, bids, offers, and reference data. Certain securities are valued by principally using dealer quotations. U.S. government obligations generally are categorized in Level 2 of the fair value hierarchy, or Level 3 if inputs are unobservable.
Equity securities: Securities are stated at the last reported sales price or closing price on the day of valuation taken from the primary exchange where the security is principally traded. To the extent these securities are actively traded and valuation adjustments are not applied, they are categorized in Level 1 of the fair value hierarchy. Equities traded on inactive markets or valued by reference to similar instruments are generally categorized in Level 2 or Level 3 if inputs are unobservable.
Commercial paper: Commercial paper is valued using amortized cost, which approximates fair value. The values are generally categorized in Level 2 of the fair value hierarchy, or Level 3 if inputs are unobservable.
Short-term notes: The Fund normally values short-term government and U.S. government agency securities using a model that incorporates market observable data such as reported sales of similar securities, broker quotes, yields, bids, offers and reference data. Certain securities are valued by principally using dealer quotations. Short-term government and U.S. government agency securities generally are categorized in Level 2 of the fair value hierarchy, or Level 3 if inputs are unobservable.
Securities lending collateral: Securities lending collateral is invested in a money market fund which is valued at the actively traded NAV and no valuation adjustments are applied. Securities lending collateral is categorized in Level 1 of the fair value hierarchy.
Repurchase agreements: Repurchase agreements are valued at cost, which approximates fair value. To the extent the inputs are observable and timely, the values are generally categorized in Level 2 of the fair value hierarchy.
Transamerica Funds |
Page 12 |