Transamerica International Equity

SCHEDULE OF INVESTMENTS

At July 31, 2023

(unaudited)

	Shares		Value
COMMON STOCKS - 96.5%
Australia - 3.7%
BHP Group Ltd., ADR (A)		244,176		$  15,297,626
BHP Group Ltd.		519,000		16,039,651
Macquarie Group Ltd.		427,300		50,230,912
Santos Ltd.		11,812,700		63,159,335
Sonic Healthcare Ltd.		403,000		9,514,932
Westpac Banking Corp.		1,583,900		23,767,650
				178,010,106
Belgium - 3.3%
Anheuser-Busch InBev SA		1,452,400		83,119,393
Groupe Bruxelles Lambert NV		340,520		27,533,514
KBC Group NV		650,900		48,951,472
				159,604,379
Canada - 0.7%
CCL Industries, Inc., Class B		215,800		10,346,093
TFI International, Inc.		182,200		23,385,546
				33,731,639
Finland - 1.0%
Nokia OYJ		11,796,800		46,408,757
France - 10.0%
Accor SA		638,900		24,087,724
Amundi SA (B)		533,000		32,700,681
Capgemini SE		334,452		60,620,307
Cie de Saint-Gobain		479,337		32,401,879
Engie SA		1,914,800		31,394,582
Rexel SA		861,817		20,770,693
Sanofi		677,701		72,344,916
Societe Generale SA		1,218,100		33,100,835
Sodexo SA		344,300		35,334,602
TotalEnergies SE		1,079,500		65,588,683
Veolia Environnement SA		2,452,023		79,801,607
				488,146,509
Germany - 11.5%
Allianz SE		244,302		58,395,845
BASF SE		553,600		29,685,490
Bayer AG		434,652		25,395,608
Deutsche Boerse AG		230,582		44,189,407
DHL Group		1,469,601		75,491,431
Heidelberg Materials AG		782,342		63,395,659
Infineon Technologies AG		1,509,527		66,389,021
K&S AG		606,700		11,556,934
SAP SE		645,247		88,255,496
Siemens AG		446,295		76,048,923
Talanx AG		314,384		19,253,559
				558,057,373
Hong Kong - 1.9%
CK Asset Holdings Ltd.		4,708,400		27,167,678
CK Hutchison Holdings Ltd.		10,756,700		66,342,339
				93,510,017
Ireland - 4.6%
AerCap Holdings NV (C)		950,500		60,651,405
AIB Group PLC		11,374,000		53,499,459
DCC PLC		853,131		49,389,369

	Shares		Value
COMMON STOCKS (continued)
Ireland (continued)
Ryanair Holdings PLC, ADR (C)		46,472		$   4,764,774
Smurfit Kappa Group PLC		1,427,215		56,476,352
				224,781,359
Israel - 0.9%
Check Point Software Technologies Ltd. (C)		323,600		42,783,156
Italy - 0.4%
Prysmian SpA		465,266		18,544,055
Japan - 16.8%
Astellas Pharma, Inc.		3,151,800		46,092,292
Denka Co. Ltd.		735,780		14,509,758
FANUC Corp.		1,269,000		38,784,044
Fujitsu Ltd.		408,660		52,811,402
Hitachi Ltd.		1,087,980		71,107,005
Kirin Holdings Co. Ltd.		750,200		11,087,024
Kyocera Corp.		684,600		36,784,047
Nintendo Co. Ltd.		1,160,300		52,605,595
Olympus Corp.		2,247,700		36,599,283
ORIX Corp.		3,459,000		66,400,935
Rakuten Group, Inc. (A)		7,274,800		28,385,348
SBI Holdings, Inc.		2,348,600		49,517,630
Seven & i Holdings Co. Ltd.		1,587,000		65,737,820
Sony Group Corp.		1,043,100		97,626,799
Square Enix Holdings Co. Ltd.		420,000		19,437,528
Sumitomo Mitsui Financial Group, Inc.		1,384,800		65,159,043
Toyota Industries Corp.		871,800		62,873,286
				815,518,839
Luxembourg - 0.9%
ArcelorMittal SA		1,541,035		44,561,894
Netherlands - 5.3%
ASML Holding NV		91,000		65,255,568
EXOR NV		216,700		20,237,952
Heineken Holding NV		580,185		47,556,461
ING Groep NV, Series N		1,817,700		26,540,901
Koninklijke Philips NV		825,318		17,157,828
NXP Semiconductors NV		237,100		52,868,558
Stellantis NV		1,328,400		27,230,985
				256,848,253
Norway - 1.9%
Aker BP ASA (A)		1,573,299		43,977,643
DNB Bank ASA		2,393,800		49,387,381
				93,365,024
Republic of Korea - 1.5%
Samsung Electronics Co. Ltd.		1,372,819		75,175,747
Singapore - 1.3%
DBS Group Holdings Ltd.		2,443,800		62,962,653
Sweden - 2.3%
Essity AB, Class B		1,717,100		42,558,842
Husqvarna AB, B Shares (A)		1,096,900		10,769,552
Skandinaviska Enskilda Banken AB, Class A		2,790,400		33,811,704
Volvo AB, B Shares		1,115,237		24,584,924
				111,725,022
Switzerland - 9.4%
ABB Ltd.		1,280,400		51,183,698
Cie Financiere Richemont SA, Class A		329,800		53,059,962
Glencore PLC		7,001,800		42,552,048
Julius Baer Group Ltd.		413,600		29,215,939

Transamerica Funds Page    1

Transamerica International Equity

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2023

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Switzerland (continued)
Nestle SA		724,864		$   88,840,622
Novartis AG		728,815		76,111,670
Roche Holding AG		331,961		103,008,597
Siemens Energy AG (C)		941,597		15,933,056
				459,905,592
United Kingdom - 18.1%
Ashtead Group PLC		824,900		60,998,546
Aviva PLC		1,410,612		7,031,237
Barratt Developments PLC		2,991,742		17,534,770
BP PLC		10,958,300		67,925,875
Bunzl PLC		807,848		29,941,377
Burberry Group PLC		578,700		16,509,650
CNH Industrial NV		3,072,400		44,286,956
Dowlais Group PLC (C)		3,965,073		6,256,402
Entain PLC		2,192,800		39,003,823
GSK PLC		2,618,180		46,523,111
Inchcape PLC		2,503,396		26,296,210
Informa PLC		4,002,551		38,946,244
Kingfisher PLC		12,662,600		39,927,578
Legal & General Group PLC		14,692,500		44,008,998
Liberty Global PLC, Class C (C)		1,771,600		35,006,816
Lloyds Banking Group PLC		95,243,254		54,924,220
Persimmon PLC		1,439,800		21,415,614
Reckitt Benckiser Group PLC		907,300		67,976,676
Shell PLC		1,012,900		30,755,744
Smith & Nephew PLC		3,563,800		54,197,169
Tesco PLC		18,475,132		61,171,930
Unilever PLC		1,327,714		71,411,330
				882,050,276
United States - 1.0%
Linde PLC		130,300		50,904,301
Total Common Stocks (Cost $3,946,050,097)				4,696,594,951
PREFERRED STOCK - 0.5%
Germany - 0.5%
Henkel AG & Co. KGaA, 2.64%		328,410		25,341,080
Total Preferred Stock (Cost $25,723,950)				25,341,080

	Shares		Value
OTHER INVESTMENT COMPANY - 0.9%
Securities Lending Collateral - 0.9%
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 5.28% (D)		41,787,126		$   41,787,126
Total Other Investment Company (Cost $41,787,126)				41,787,126
	Principal		Value
REPURCHASE AGREEMENT - 2.5%
Fixed Income Clearing Corp., 2.50% (D), dated 07/31/2023, to be repurchased at $122,474,638 on 08/01/2023. Collateralized by a U.S. Government Obligation, 0.63%, due 07/31/2026, and with a value of $124,915,502.		$  122,466,134		122,466,134
Total Repurchase Agreement (Cost $122,466,134)				122,466,134
Total Investments (Cost $4,136,027,307)				4,886,189,291
Net Other Assets (Liabilities) - (0.4)%				(20,897,898	)
Net Assets - 100.0%				$  4,865,291,393

Transamerica Funds Page    2

Transamerica International Equity

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2023

(unaudited)

INVESTMENTS BY INDUSTRY:

Industry	Percentage of Total Investments			Value
Banks		9.2	%		$	452,105,318
Pharmaceuticals		7.6				369,476,194
Oil, Gas & Consumable Fuels		5.6				271,407,280
Industrial Conglomerates		5.4				262,887,636
Capital Markets		4.2				205,854,569
Semiconductors & Semiconductor Equipment		3.8				184,513,147
Machinery		3.7				181,298,762
Trading Companies & Distributors		3.5				172,362,021
Beverages		2.9				141,762,878
Household Durables		2.8				136,577,183
Household Products		2.8				135,876,598
Software		2.7				131,038,652
Insurance		2.6				128,689,639
Consumer Staples Distribution & Retail		2.6				126,909,750
Metals & Mining		2.4				118,451,219
Financial Services		2.3				114,172,401
IT Services		2.3				113,431,709
Multi-Utilities		2.3				111,196,189
Health Care Equipment & Supplies		2.2				107,954,280
Chemicals		2.2				106,656,483
Hotels, Restaurants & Leisure		2.0				98,426,149
Food Products		1.8				88,840,622
Electrical Equipment		1.8				85,660,809
Air Freight & Logistics		1.5				75,491,431
Technology Hardware, Storage & Peripherals		1.5				75,175,747
Entertainment		1.5				72,043,123
Personal Care Products		1.5				71,411,330
Textiles, Apparel & Luxury Goods		1.4				69,569,612
Containers & Packaging		1.4				66,822,445
Construction Materials		1.3				63,395,659
Communications Equipment		0.9				46,408,757
Specialty Retail		0.8				39,927,578
Media		0.8				38,946,244
Electronic Equipment, Instruments & Components		0.7				36,784,047
Diversified Telecommunication Services		0.7				35,006,816
Building Products		0.7				32,401,879
Broadline Retail		0.6				28,385,348
Automobiles		0.6				27,230,985
Real Estate Management & Development		0.6				27,167,678
Distributors		0.5				26,296,210
Ground Transportation		0.5				23,385,546
Health Care Providers & Services		0.2				9,514,932
Automobile Components		0.1				6,256,402
Passenger Airlines		0.1				4,764,774
Investments		96.6				4,721,936,031
Short-Term Investments		3.4				164,253,260
Total Investments		100.0	%		$	4,886,189,291

Transamerica Funds Page    3

Transamerica International Equity

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2023

(unaudited)

INVESTMENT 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	$	296,008,275	$	4,400,586,676	$	—	$	4,696,594,951
Preferred Stock		—		25,341,080		—		25,341,080
Other Investment Company		41,787,126		—		—		41,787,126
Repurchase Agreement		—		122,466,134		—		122,466,134
Total Investments	$	337,795,401	$	4,548,393,890	$	—	$	4,886,189,291

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 $57,761,373, collateralized by cash collateral of $41,787,126 and non-cash collateral, such as U.S. government securities and irrevocable letters of credit, of $18,594,639. 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)	Security is exempt from registration pursuant to Rule 144A of the Securities Act of 1933. Security may be resold as transactions exempt from registration, normally to qualified institutional buyers. At July 31, 2023, the value of the 144A security is $32,700,681, representing 0.7% of the Fund’s net assets.
(C)	Non-income producing securities.
(D)	Rates disclosed reflect the yields at July 31, 2023.
(E)	There were no transfers in or out of Level 3 during the period ended July 31, 2023. Please reference the Investment Valuation section of the Notes to Schedule of Investments for more information regarding investment valuation and pricing inputs.

PORTFOLIO ABBREVIATION:

ADR American Depositary Receipt

Transamerica Funds Page    4

Transamerica International Equity

NOTES TO SCHEDULE OF INVESTMENTS

At July 31, 2023

(unaudited)

INVESTMENT VALUATION

Transamerica International Equity (the “Fund”) is a series of the Transamerica Funds.

Transamerica Asset Management, Inc. (“TAM”) has been designated as the Fund’s valuation designee pursuant to Rule 2a-5 under the Investment Company Act of 1940, as amended, with responsibility for fair valuation subject to oversight by the Fund’s Board of Trustees. The net asset value of the Fund is computed as of the official close of the New York Stock Exchange (“NYSE”) each day the NYSE is open for business.

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

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

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

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

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, 2023, is disclosed within the Investment Valuation section of the Schedule of Investments.

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

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

Equity securities: Securities are stated at the last reported sales price or closing price on the day of valuation taken from the primary exchange where the security is principally traded. To the extent these securities are actively traded and valuation adjustments are not applied, they are categorized in Level 1 of the fair value hierarchy. Equities traded on inactive markets or valued by reference to similar instruments are generally categorized in Level 2 or Level 3 if inputs are unobservable.

Foreign equity securities: Securities in which the primary trading market closes at the same time or after the NYSE, are valued based on quotations from the primary market in which they are traded and are categorized in Level 1. Because many foreign securities markets and exchanges close prior to the close of the NYSE, closing prices for foreign securities in those markets or on those exchanges do not reflect the events that occur after that close. Certain foreign securities may be fair valued using a pricing service that considers the correlation of the trading patterns of the foreign security to the intraday trading in the U.S. markets for investments such as American Depositary Receipts, financial futures, or ETFs and the movement of certain indices of securities based on a statistical analysis of their historical relationship; such valuations generally are categorized in Level 2.

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    5