Transamerica International Stock

SCHEDULE OF INVESTMENTS

At July 31, 2023

(unaudited)

	Shares		Value
COMMON STOCKS - 95.6%
Australia - 4.7%
BlueScope Steel Ltd.		44,835		$  657,726
Brambles Ltd.		193,069		1,824,660
Commonwealth Bank of Australia		8,491		602,907
CSL Ltd.		3,294		594,122
Mineral Resources Ltd.		7,895		378,798
National Australia Bank Ltd.		33,617		641,739
Nufarm Ltd.		113,363		408,904
Perseus Mining Ltd.		548,803		639,575
Qantas Airways Ltd. (A)		401,285		1,760,116
Scentre Group, REIT		145,729		275,060
South32 Ltd.		291,423		759,505
				8,543,112
Belgium - 0.4%
Anheuser-Busch InBev SA		11,057		632,781
China - 0.7%
Yangzijiang Shipbuilding Holdings Ltd.		1,063,900		1,232,116
Denmark - 5.4%
Danske Bank AS		101,036		2,397,916
Genmab AS (A)		3,338		1,372,651
Novo Nordisk AS, Class B		35,745		5,760,423
Pandora AS		3,366		336,928
				9,867,918
Finland - 1.5%
Nokia OYJ		134,985		531,033
Nordea Bank Abp		195,991		2,217,150
				2,748,183
France - 10.8%
Air France-KLM (A)		456,223		787,790
BNP Paribas SA		9,830		648,701
Capgemini SE		7,240		1,312,269
Cie de Saint-Gobain		25,571		1,728,530
Eiffage SA		12,951		1,347,354
Hermes International		707		1,567,520
LVMH Moet Hennessy Louis Vuitton SE		4,057		3,783,097
Publicis Groupe SA		8,267		667,356
Remy Cointreau SA (A)		3,509		602,450
Renault SA		35,431		1,554,555
Rexel SA		25,081		604,478
Sanofi		13,046		1,392,667
Societe Generale SA		13,606		369,732
TotalEnergies SE		26,907		1,634,826
Unibail-Rodamco-Westfield, REIT (A)		14,008		794,117
Veolia Environnement SA		23,292		758,043
				19,553,485
Germany - 6.9%
Bayer AG		14,460		844,861
Bayerische Motoren Werke AG		13,268		1,617,245
Delivery Hero SE (A) (B)		6,922		314,057
Deutsche Telekom AG		98,613		2,151,369
DHL Group		16,994		872,959
Infineon Technologies AG		40,505		1,781,411
Mercedes-Benz Group AG		10,300		822,637

	Shares		Value
COMMON STOCKS (continued)
Germany (continued)
Merck KGaA		10,485		$   1,842,216
SAP SE		17,085		2,336,850
				12,583,605
Hong Kong - 1.6%
AIA Group Ltd.		111,000		1,101,617
CK Hutchison Holdings Ltd.		222,000		1,369,193
New World Development Co. Ltd.		157,000		386,113
				2,856,923
Israel - 0.5%
Teva Pharmaceutical Industries Ltd., ADR (A)		104,700		879,480
Italy - 2.7%
Enel SpA		86,462		596,247
Ferrari NV		3,245		1,039,680
Intesa Sanpaolo SpA		779,144		2,252,183
Leonardo SpA		72,079		975,975
				4,864,085
Japan - 24.9%
Canon, Inc.		41,900		1,081,775
Chugoku Electric Power Co., Inc. (A)		79,000		547,972
Cosmo Energy Holdings Co. Ltd.		13,900		430,000
Daiichi Sankyo Co. Ltd.		37,700		1,151,948
Disco Corp.		3,600		674,122
FUJIFILM Holdings Corp.		44,000		2,550,648
Fujitsu Ltd.		10,100		1,305,230
Honda Motor Co. Ltd.		39,400		1,249,866
Ibiden Co. Ltd.		13,500		818,550
Inpex Corp.		37,200		479,169
ITOCHU Corp.		85,100		3,439,532
Japan Tobacco, Inc.		27,900		618,344
KDDI Corp.		24,100		709,287
Marubeni Corp.		161,800		2,858,639
Mitsubishi Corp.		46,700		2,384,814
Mitsubishi Heavy Industries Ltd.		44,000		2,081,777
Mitsubishi UFJ Financial Group, Inc.		296,200		2,386,006
Mitsui & Co. Ltd.		29,300		1,141,189
Mizuho Financial Group, Inc.		41,990		709,549
MS&AD Insurance Group Holdings, Inc.		24,700		918,795
Murata Manufacturing Co. Ltd.		9,400		550,065
Nintendo Co. Ltd.		23,800		1,079,043
Nippon Telegraph & Telephone Corp.		1,717,500		1,966,617
Olympus Corp.		33,900		551,993
Otsuka Corp.		15,300		636,348
Otsuka Holdings Co. Ltd.		20,800		763,926
Renesas Electronics Corp. (A)		43,700		846,416
Sekisui Chemical Co. Ltd.		84,800		1,286,917
Sekisui House Ltd. (C)		33,100		674,494
Seven & i Holdings Co. Ltd.		20,800		861,592
SoftBank Group Corp.		11,100		565,046
Sony Group Corp.		17,400		1,628,517
Sumitomo Mitsui Financial Group, Inc.		67,000		3,152,553
Sysmex Corp.		13,200		893,052
Takeda Pharmaceutical Co. Ltd.		17,800		543,140
Toyota Motor Corp.		94,100		1,578,200
				45,115,131
Netherlands - 5.7%
ASML Holding NV		6,221		4,461,043
Heineken NV (C)		4,538		444,767
Just Eat Takeaway.com NV (A) (B)		32,407		582,076
Koninklijke Ahold Delhaize NV		32,347		1,116,224
NN Group NV		26,167		1,003,519

Transamerica Funds Page    1

Transamerica International Stock

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2023

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Netherlands (continued)
Prosus NV (A)		9,013		$   713,803
Stellantis NV		99,676		2,043,267
				10,364,699
New Zealand - 0.5%
Xero Ltd. (A)		11,067		908,473
Norway - 0.3%
Equinor ASA		15,725		478,497
Singapore - 0.6%
DBS Group Holdings Ltd.		42,700		1,100,133
Spain - 3.1%
Banco Bilbao Vizcaya Argentaria SA		91,075		721,988
Banco Santander SA		470,310		1,904,760
Cellnex Telecom SA (B)		8,934		364,824
Iberdrola SA		124,499		1,554,348
Repsol SA		26,983		412,383
Telefonica SA		141,324		602,431
				5,560,734
Sweden - 2.9%
Assa Abloy AB, B Shares		35,013		841,531
Atlas Copco AB, A Shares		132,234		1,880,551
Essity AB, Class B		66,346		1,644,405
SSAB AB, B Shares		140,087		856,247
				5,222,734
Switzerland - 7.5%
Alcon, Inc.		29,463		2,501,509
Cie Financiere Richemont SA, Class A		4,932		793,486
Glencore PLC		53,000		322,097
Holcim Ltd. (A)		13,302		924,375
Nestle SA		18,602		2,279,894
Novartis AG		14,747		1,540,060
Roche Holding AG		5,817		1,805,034
Swiss Life Holding AG		2,567		1,627,244
UBS Group AG		83,773		1,851,642
				13,645,341
United Kingdom - 14.9%
3i Group PLC		109,547		2,779,407
Anglo American PLC		14,042		431,418
Ashtead Group PLC		10,875		804,169
AstraZeneca PLC		18,368		2,636,827
BAE Systems PLC		64,491		770,868
Barclays PLC		544,251		1,082,340
Bellway PLC		10,652		302,932
BP PLC		173,134		1,073,185
Coca-Cola Europacific Partners PLC		23,654		1,499,427
Compass Group PLC		34,039		885,473
Diageo PLC		10,770		469,591
GSK PLC		43,518		773,282
Halma PLC		24,474		702,298
HSBC Holdings PLC		365,478		3,031,380
Imperial Brands PLC		81,233		1,917,685
Lloyds Banking Group PLC		1,119,267		645,451
RELX PLC		31,611		1,062,881
Rio Tinto PLC		18,527		1,224,496
Rolls-Royce Holdings PLC (A)		479,163		1,136,705
Shell PLC		50,166		1,523,243

	Shares		Value
COMMON STOCKS (continued)
United Kingdom (continued)
SSE PLC		63,083		$   1,364,539
Standard Chartered PLC		99,284		952,308
				27,069,905
Total Common Stocks (Cost $145,631,877)				173,227,335
PREFERRED STOCK - 1.1%
Germany - 1.1%
Volkswagen AG, 23.03% (D)		14,468		1,917,817
Total Preferred Stock (Cost $2,211,500)				1,917,817
EXCHANGE-TRADED FUND - 1.0%
United States - 1.0%
iShares MSCI EAFE ETF		23,800		1,772,148
Total Exchange-Traded Fund (Cost $1,713,066)				1,772,148
Total Investments (Cost $149,556,443)				176,917,300
Net Other Assets (Liabilities) - 2.3%				4,217,372
Net Assets - 100.0%				$  181,134,672

Transamerica Funds Page    2

Transamerica International Stock

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2023

(unaudited)

INVESTMENTS BY INDUSTRY:

Industry	Percentage of Total Investments			Value
Banks		14.0	%		$	24,816,796
Pharmaceuticals		11.3				19,933,864
Automobiles		6.7				11,823,267
Trading Companies & Distributors		6.4				11,232,821
Semiconductors & Semiconductor Equipment		4.4				7,762,992
Textiles, Apparel & Luxury Goods		3.7				6,481,031
Oil, Gas & Consumable Fuels		3.4				6,031,303
Metals & Mining		3.0				5,269,862
Machinery		2.9				5,194,444
Diversified Telecommunication Services		2.9				5,085,241
Insurance		2.6				4,651,175
Capital Markets		2.6				4,631,049
Electric Utilities		2.3				4,063,106
Health Care Equipment & Supplies		2.2				3,946,554
Household Durables		2.2				3,892,860
Beverages		2.1				3,649,016
Technology Hardware, Storage & Peripherals		2.1				3,632,423
IT Services		1.8				3,253,847
Software		1.8				3,245,323
Aerospace & Defense		1.6				2,883,548
Building Products		1.5				2,570,061
Passenger Airlines		1.5				2,547,906
Tobacco		1.4				2,536,029
Food Products		1.3				2,279,894
Electronic Equipment, Instruments & Components		1.2				2,070,913
Consumer Staples Distribution & Retail		1.1				1,977,816
Biotechnology		1.1				1,966,773
Commercial Services & Supplies		1.0				1,824,660
Hotels, Restaurants & Leisure		1.0				1,781,606
International Equity Funds		1.0				1,772,148
Household Products		0.9				1,644,405
Industrial Conglomerates		0.8				1,369,193
Construction & Engineering		0.8				1,347,354
Wireless Telecommunication Services		0.7				1,274,333
Entertainment		0.6				1,079,043
Retail REITs		0.6				1,069,177
Professional Services		0.6				1,062,881
Construction Materials		0.5				924,375
Air Freight & Logistics		0.5				872,959
Multi-Utilities		0.4				758,043
Broadline Retail		0.4				713,803
Media		0.4				667,356
Communications Equipment		0.3				531,033
Chemicals		0.2				408,904
Real Estate Management & Development		0.2				386,113
Investments		100.0				176,917,300
Total Investments		100.0	%		$	176,917,300

Transamerica Funds Page    3

Transamerica International Stock

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	$	2,378,907	$	170,848,428	$	—	$	173,227,335
Preferred Stock		—		1,917,817		—		1,917,817
Exchange-Traded Fund		1,772,148		—		—		1,772,148
Total Investments	$	4,151,055	$	172,766,245	$	—	$	176,917,300

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	Non-income producing securities.
(B)	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 July 31, 2023, the total value of 144A securities is $1,260,957, representing 0.7% of the Fund’s net assets.
(C)	All or a portion of the securities are on loan. The total value of all securities on loan is $1,096,129 collateralized by non-cash collateral, such as U.S. government securities and irrevocable letters of credit, of $1,151,179. 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)	Rate disclosed reflects the yield 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 ABBREVIATIONS:

ADR	American Depositary Receipt
REIT	Real Estate Investment Trust

Transamerica Funds Page    4

Transamerica International Stock

NOTES TO SCHEDULE OF INVESTMENTS

At July 31, 2023

(unaudited)

INVESTMENT VALUATION

Transamerica International Stock (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 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.

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.

Transamerica Funds Page    5