Transamerica International Sustainable Equity

SCHEDULE OF INVESTMENTS

At July 31, 2023

(unaudited)

	Shares		Value
COMMON STOCKS - 97.2%
Australia - 2.8%
Cochlear Ltd.		323		$  51,892
CSL Ltd.		532		95,954
				147,846
Belgium - 1.3%
KBC Group NV		905		68,061
Brazil - 2.5%
Itau Unibanco Holding SA, ADR		8,021		48,206
Klabin SA		9,417		45,803
Sao Martinho SA		5,893		41,711
				135,720
Canada - 3.8%
BCE, Inc.		2,520		108,853
Canadian Pacific Kansas City Ltd.		1,127		92,741
				201,594
China - 2.1%
BYD Co. Ltd., H Shares		2,500		88,346
Sungrow Power Supply Co. Ltd., A Shares		1,500		23,402
				111,748
Colombia - 0.6%
Interconexion Electrica SA ESP		7,640		33,455
Denmark - 3.4%
Coloplast AS, Class B		297		36,916
Novo Nordisk AS, Class B		509		82,027
Novozymes AS, B Shares		763		38,277
Orsted AS (A)		296		25,820
				183,040
France - 8.8%
Air Liquide SA		378		67,894
Cie de Saint-Gobain		628		42,451
Cie Generale des Etablissements Michelin SCA		2,025		66,283
Dassault Systemes SE		922		39,419
EssilorLuxottica SA		420		84,480
Kering SA		98		56,418
L’Oreal SA		236		109,813
				466,758
Germany - 6.4%
Infineon Technologies AG		2,457		108,059
Merck KGaA		417		73,267
SAP SE		606		82,887
Siemens AG		464		79,066
				343,279
Hong Kong - 6.2%
AIA Group Ltd.		9,800		97,260
China Water Affairs Group Ltd.		60,000		50,853
Hang Seng Bank Ltd.		5,200		79,145
Hong Kong Exchanges & Clearing Ltd.		2,400		100,260
				327,518
India - 2.0%
HDFC Bank Ltd., ADR		1,521		103,854

	Shares		Value
COMMON STOCKS (continued)
Indonesia - 1.7%
Bank Rakyat Indonesia Persero Tbk PT		245,500		$   91,981
Ireland - 4.8%
Accenture PLC, Class A		237		74,975
Aptiv PLC (B)		446		48,832
Kerry Group PLC, Class A		888		88,224
Kingspan Group PLC		532		42,700
				254,731
Italy - 1.2%
Prysmian SpA		896		35,712
Terna - Rete Elettrica Nazionale		3,132		26,474
				62,186
Japan - 13.2%
Daifuku Co. Ltd.		4,100		87,467
FANUC Corp.		1,400		42,788
KDDI Corp.		2,500		73,578
Nidec Corp.		1,700		101,009
Omron Corp.		900		48,218
ORIX Corp.		4,800		92,144
Recruit Holdings Co. Ltd.		2,500		86,687
Sony Group Corp., ADR		1,232		115,315
Sysmex Corp.		800		54,124
				701,330
Mexico - 1.8%
Grupo Financiero Banorte SAB de CV, Class O		10,376		98,388
Netherlands - 1.7%
Koninklijke Ahold Delhaize NV		2,604		89,858
Norway - 1.3%
DNB Bank ASA		3,408		70,312
Peru - 1.1%
Credicorp Ltd.		378		59,365
Portugal - 1.6%
Jeronimo Martins SGPS SA		3,149		85,727
Republic of Korea - 1.4%
Samsung SDI Co. Ltd.		70		36,520
Shinhan Financial Group Co. Ltd.		1,479		40,669
				77,189
Singapore - 1.8%
Capitaland Investment Ltd.		36,900		94,349
Spain - 3.7%
Amadeus IT Group SA		756		54,212
EDP Renovaveis SA		1,117		21,333
Industria de Diseno Textil SA		3,114		119,184
				194,729
Sweden - 3.0%
Assa Abloy AB, B Shares		2,623		63,044
Atlas Copco AB, A Shares		4,066		57,824
Epiroc AB, Class A		1,912		38,162
				159,030
Switzerland - 7.8%
DSM-Firmenich AG		526		58,123
Kuehne & Nagel International AG		171		53,415

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Transamerica International Sustainable Equity

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2023

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Switzerland (continued)
Lonza Group AG		69		$   39,973
Roche Holding AG		305		94,643
Sika AG		223		69,223
Straumann Holding AG		260		42,978
TE Connectivity Ltd.		387		55,531
				413,886
Taiwan - 2.0%
Taiwan Semiconductor Manufacturing Co. Ltd., ADR		1,065		105,595
United Kingdom - 7.4%
Aviva PLC		12,340		61,509
Croda International PLC		805		60,849
Ferguson PLC		630		101,821
Greggs PLC		2,223		78,797
Halma PLC		1,404		40,289
National Grid PLC, ADR (C)		764		51,478
				394,743
United States - 1.8%
Linde PLC		182		71,102
ResMed, Inc.		1,179		26,641
				97,743
Total Common Stocks (Cost $4,909,068)				5,174,015
Total Investments (Cost $4,909,068)				5,174,015
Net Other Assets (Liabilities) - 2.8%				147,290
Net Assets - 100.0%				$  5,321,305

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Transamerica International Sustainable Equity

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2023

(unaudited)

INVESTMENTS BY INDUSTRY:

Industry	Percentage of Total Investments			Value
Banks		12.8	%		$	659,981
Chemicals		7.1				365,468
Health Care Equipment & Supplies		5.7				297,031
Pharmaceuticals		4.8				249,937
Machinery		4.4				226,241
Semiconductors & Semiconductor Equipment		4.1				213,654
Electronic Equipment, Instruments & Components		3.5				180,558
Consumer Staples Distribution & Retail		3.4				175,585
Electrical Equipment		3.1				160,123
Insurance		3.1				158,769
Building Products		2.9				148,195
Hotels, Restaurants & Leisure		2.6				133,009
Food Products		2.5				129,935
Software		2.4				122,306
Specialty Retail		2.3				119,184
Household Durables		2.2				115,315
Automobile Components		2.2				115,115
Personal Care Products		2.1				109,813
Diversified Telecommunication Services		2.1				108,853
Trading Companies & Distributors		2.0				101,821
Capital Markets		1.9				100,260
Biotechnology		1.8				95,954
Real Estate Management & Development		1.8				94,349
Ground Transportation		1.8				92,741
Financial Services		1.8				92,144
Automobiles		1.7				88,346
Professional Services		1.7				86,687
Electric Utilities		1.7				85,749
Industrial Conglomerates		1.5				79,066
IT Services		1.4				74,975
Wireless Telecommunication Services		1.4				73,578
Textiles, Apparel & Luxury Goods		1.1				56,418
Marine Transportation		1.0				53,415
Multi-Utilities		1.0				51,478
Water Utilities		1.0				50,853
Containers & Packaging		0.9				45,803
Life Sciences Tools & Services		0.8				39,973
Independent Power & Renewable Electricity Producers		0.4				21,333
Investments		100.0				5,174,015
Total Investments		100.0	%		$	5,174,015

INVESTMENT VALUATION:

Valuation Inputs ^(D)

	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Common Stocks	$	1,257,025	$	3,916,990	$	—	$	5,174,015
Total Investments	$	1,257,025	$	3,916,990	$	—	$	5,174,015

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	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 $25,820, representing 0.5% of the Fund’s net assets.
(B)	Non-income producing security.

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Transamerica International Sustainable Equity

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2023

(unaudited)

FOOTNOTES TO SCHEDULE OF INVESTMENTS (continued):

(C)	All or a portion of the security is on loan. The value of the security on loan is $50,939 collateralized by non-cash collateral, such as U.S. government securities and irrevocable letters of credit, of $51,975. The amount on loan indicated may not correspond with the security on loan identified because a security with pending sales are in the process of recall from the brokers.
(D)	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

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Transamerica International Sustainable Equity

NOTES TO SCHEDULE OF INVESTMENTS

At July 31, 2023

(unaudited)

INVESTMENT VALUATION

Transamerica International Sustainable 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 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.

Transamerica Funds Page    5