NPORT-EX 2 NPORT_I6CM_30379786_0724.htm EDGAR HTML
Transamerica Unconstrained Bond
SCHEDULE OF INVESTMENTS
At July 31, 2024
(unaudited)
 
 
Principal
Value
CORPORATE DEBT SECURITIES - 35.3% 
Aerospace & Defense - 0.1% 
Boeing Co.
 
 
5.15%, 05/01/2030
$  65,000
$  63,779
6.26%, 05/01/2027 (A)
9,000
9,179
L3Harris Technologies, Inc.
 
 
5.25%, 06/01/2031
11,000
11,163
5.40%, 07/31/2033
9,000
9,135
Northrop Grumman Corp.
 
 
4.90%, 06/01/2034
75,000
74,464
 
 
167,720
Air Freight & Logistics - 0.1% 
Cargo Aircraft Management, Inc.
 
 
4.75%, 02/01/2028 (A)
65,000
61,104
Automobiles - 0.2% 
BMW US Capital LLC
 
 
3.90%, 04/09/2025 (A)
76,000
75,250
General Motors Financial Co., Inc.
 
 
5.60%, 06/18/2031
14,000
14,116
5.75%, 02/08/2031
5,000
5,099
5.80%, 01/07/2029
26,000
26,663
5.95%, 04/04/2034
9,000
9,140
Hyundai Capital America
 
 
5.35%, 03/19/2029 (A)
12,000
12,150
5.80%, 06/26/2025 (A)
8,000
8,032
6.50%, 01/16/2029 (A)
59,000
62,226
 
 
212,676
Banks - 6.6% 
ABQ Finance Ltd.
 
 
1.88%, 09/08/2025 (B)
200,000
191,984
Australia & New Zealand Banking Group
Ltd.
 
 
Fixed until 06/15/2026 (C),
6.75% (A)(D)
563,000
568,390
Banco de Credito del Peru SA
 
 
2.70%, 01/11/2025 (B)
130,000
128,156
Banco de Credito e Inversiones SA
 
 
Fixed until 02/08/2029 (C),
8.75% (A)(D)
755,000
794,637
Banco Santander SA
 
 
Fixed until 05/21/2033 (C),
9.63% (D)
800,000
914,147
Bank of America Corp.
 
 
Fixed until 10/22/2024,
2.46% (D), 10/22/2025
76,000
75,441
Fixed until 03/08/2032,
3.85% (D), 03/08/2037
96,000
86,096
Fixed until 02/07/2029,
3.97% (D), 02/07/2030
76,000
73,015
Fixed until 04/27/2032,
4.57% (D), 04/27/2033
74,000
71,228
Bank of East Asia Ltd.
 
 
Fixed until 04/22/2027,
4.88% (D), 04/22/2032 (B)
250,000
241,477
Fixed until 10/21/2025 (C),
5.83% (B)(D)
250,000
244,652
Fixed until 09/19/2024 (C),
5.88% (B)(D)
250,000
249,125
 
Principal
Value
CORPORATE DEBT SECURITIES (continued)
Banks (continued)
Bank of New York Mellon Corp.
 
 
Fixed until 07/21/2034,
5.61% (D), 07/21/2039
$  6,000
$  6,072
Bank of Nova Scotia
 
 
Fixed until 02/04/2032,
4.59% (D), 05/04/2037
21,000
19,337
5.65%, 02/01/2034
15,000
15,570
BankUnited, Inc.
 
 
4.88%, 11/17/2025
16,000
15,839
5.13%, 06/11/2030
16,000
14,937
Barclays PLC
 
 
Fixed until 12/15/2025 (C),
6.13% (D)
220,000
217,161
Citigroup, Inc.
 
 
Fixed until 04/08/2025,
3.11% (D), 04/08/2026
36,000
35,408
4.45%, 09/29/2027
33,000
32,505
Fixed until 05/24/2032,
4.91% (D), 05/24/2033
71,000
69,522
Fixed until 05/25/2033,
6.17% (D), 05/25/2034
7,000
7,242
Citizens Financial Group, Inc.
 
 
2.64%, 09/30/2032
14,000
11,050
Fixed until 07/23/2031,
5.72% (D), 07/23/2032
19,000
19,161
DBS Group Holdings Ltd.
 
 
Fixed until 03/10/2026,
1.82% (D), 03/10/2031 (B)
200,000
189,591
Deutsche Bank AG
 
 
Fixed until 01/18/2028,
6.72% (D), 01/18/2029
250,000
260,694
First Abu Dhabi Bank PJSC
 
 
Fixed until 10/04/2028,
6.32% (D), 04/04/2034 (B)
200,000
204,493
Goldman Sachs Group, Inc.
 
 
Fixed until 09/10/2026,
1.54% (D), 09/10/2027
62,000
57,612
Fixed until 07/21/2031,
2.38% (D), 07/21/2032
67,000
56,174
Fixed until 04/25/2034,
5.85% (D), 04/25/2035
12,000
12,491
HSBC Holdings PLC
 
 
Fixed until 03/09/2028,
6.16% (D), 03/09/2029
200,000
207,183
JPMorgan Chase & Co.
 
 
Fixed until 11/08/2031,
2.55% (D), 11/08/2032
79,000
67,108
Fixed until 05/01/2027,
3.54% (D), 05/01/2028
58,000
55,915
Fixed until 04/26/2025,
4.08% (D), 04/26/2026
31,000
30,697
4.13%, 12/15/2026
15,000
14,760
Fixed until 10/23/2033,
6.25% (D), 10/23/2034
33,000
35,575
Kookmin Bank
 
 
2.50%, 11/04/2030 (B)
200,000
171,052
Macquarie Bank Ltd.
 
 
Fixed until 03/08/2027 (C),
6.13% (B)(D)
400,000
394,524
Transamerica Funds
Page 1
Transamerica Unconstrained Bond
SCHEDULE OF INVESTMENTS (continued)
At July 31, 2024
(unaudited)
 
Principal
Value
CORPORATE DEBT SECURITIES (continued)
Banks (continued)
Mitsubishi UFJ Financial Group, Inc.
 
 
Fixed until 02/22/2030,
5.48% (D), 02/22/2031
$  200,000
$  205,015
Mizuho Financial Group, Inc.
 
 
Fixed until 05/26/2034,
5.58% (D), 05/26/2035 (E)
200,000
203,737
Morgan Stanley
 
 
Fixed until 07/20/2026,
1.51% (D), 07/20/2027
9,000
8,406
Fixed until 05/04/2026,
1.59% (D), 05/04/2027
10,000
9,406
Fixed until 04/01/2030,
3.62% (D), 04/01/2031
60,000
56,027
Fixed until 04/20/2032,
5.30% (D), 04/20/2037
7,000
6,846
Fixed until 07/19/2034,
5.32% (D), 07/19/2035
11,000
11,046
Fixed until 02/07/2034,
5.94% (D), 02/07/2039
16,000
16,218
Nbk Tier 2 Ltd.
 
 
Fixed until 11/24/2025,
2.50% (D), 11/24/2030 (B)
330,000
314,431
QNB Finance Ltd.
 
 
4.88%, 01/30/2029 (B)
200,000
199,056
Royal Bank of Canada
 
 
4.90%, 01/12/2028
35,000
35,187
Shinhan Bank Co. Ltd.
 
 
4.50%, 03/26/2028 (B)
200,000
195,109
SNB Funding Ltd.
 
 
2.75%, 10/02/2024 (B)
200,000
199,099
Standard Chartered PLC
 
 
Fixed until 01/14/2026,
1.46% (D), 01/14/2027 (B)
250,000
236,125
Fixed until 08/15/2027 (C),
7.75% (B)(D)
400,000
408,934
Texas Capital Bancshares, Inc.
 
 
Fixed until 05/06/2026,
4.00% (D), 05/06/2031
76,000
70,362
UBS Group AG
 
 
Fixed until 05/12/2027,
4.75% (D), 05/12/2028 (A)
275,000
272,385
Fixed until 04/12/2031 (C),
7.75% (A)(D)
413,000
425,369
United Overseas Bank Ltd.
 
 
Fixed until 10/14/2026,
2.00% (D), 10/14/2031 (B)
200,000
186,805
Wells Fargo & Co.
 
 
Fixed until 02/11/2030,
2.57% (D), 02/11/2031
12,000
10,590
Fixed until 10/30/2029,
2.88% (D), 10/30/2030
6,000
5,416
3.00%, 02/19/2025
55,000
54,313
4.30%, 07/22/2027
23,000
22,654
Fixed until 01/23/2034,
5.50% (D), 01/23/2035
5,000
5,078
Fixed until 04/22/2027,
5.71% (D), 04/22/2028
16,000
16,280
 
Principal
Value
CORPORATE DEBT SECURITIES (continued)
Banks (continued)
Zions Bancorp NA
 
 
3.25%, 10/29/2029
$  275,000
$  235,636
 
 
9,269,551
Beverages - 0.1% 
Anheuser-Busch InBev Worldwide, Inc.
 
 
3.50%, 06/01/2030
92,000
86,946
Constellation Brands, Inc.
 
 
4.35%, 05/09/2027
6,000
5,915
PepsiCo, Inc.
 
 
1.95%, 10/21/2031
75,000
62,949
 
 
155,810
Biotechnology - 0.1% 
Amgen, Inc.
 
 
5.15%, 03/02/2028
63,000
63,738
Royalty Pharma PLC
 
 
2.15%, 09/02/2031 (E)
28,000
23,085
5.15%, 09/02/2029
9,000
9,032
 
 
95,855
Broadline Retail - 0.8% 
AutoZone, Inc.
 
 
5.10%, 07/15/2029
6,000
6,052
Costco Wholesale Corp.
 
 
1.60%, 04/20/2030
11,000
9,420
Genuine Parts Co.
 
 
6.50%, 11/01/2028
15,000
15,938
Kohl's Corp.
 
 
4.63%, 05/01/2031
73,000
59,307
LS Finance 2017 Ltd.
 
 
4.80%, 06/18/2026 (B)
200,000
185,520
LS Finance 2025 Ltd.
 
 
4.50%, 06/26/2025 (B)
300,000
289,500
O'Reilly Automotive, Inc.
 
 
5.75%, 11/20/2026
10,000
10,180
Prosus NV
 
 
3.68%, 01/21/2030 (B)
370,000
331,151
Tencent Holdings Ltd.
 
 
2.39%, 06/03/2030 (B)
200,000
175,576
Walmart, Inc.
 
 
3.95%, 09/09/2027
36,000
35,591
 
 
1,118,235
Building Products - 0.1% 
Home Depot, Inc.
 
 
4.90%, 04/15/2029
10,000
10,165
5.15%, 06/25/2026
9,000
9,082
LBM Acquisition LLC
 
 
6.25%, 01/15/2029 (A)
65,000
57,440
Lennox International, Inc.
 
 
5.50%, 09/15/2028
22,000
22,500
Owens Corning
 
 
5.50%, 06/15/2027
9,000
9,156
Park River Holdings, Inc.
 
 
6.75%, 08/01/2029 (A)(E)
70,000
58,723
Transamerica Funds
Page 2
Transamerica Unconstrained Bond
SCHEDULE OF INVESTMENTS (continued)
At July 31, 2024
(unaudited)
 
Principal
Value
CORPORATE DEBT SECURITIES (continued)
Building Products (continued)
Trane Technologies Financing Ltd.
 
 
5.10%, 06/13/2034
$  9,000
$  9,122
 
 
176,188
Capital Markets - 0.7% 
Charles Schwab Corp.
 
 
2.45%, 03/03/2027
5,000
4,709
Huarong Finance 2019 Co. Ltd.
 
 
Fixed until 09/30/2025 (C),
4.25% (B)(D)
400,000
388,012
Huarong Finance Co. Ltd.
 
 
4.75%, 04/27/2027 (B)
280,000
267,064
Huarong Finance II Co. Ltd.
 
 
5.50%, 01/16/2025 (B)
250,000
249,347
VFH Parent LLC/Valor Co-Issuer, Inc.
 
 
7.50%, 06/15/2031 (A)
50,000
51,353
 
 
960,485
Chemicals - 0.4% 
Consolidated Energy Finance SA
 
 
5.63%, 10/15/2028 (A)
205,000
163,851
Eastman Chemical Co.
 
 
5.00%, 08/01/2029 (F)
9,000
9,001
5.75%, 03/08/2033
34,000
34,856
Ecolab, Inc.
 
 
5.25%, 01/15/2028
30,000
30,673
MEGlobal BV
 
 
4.25%, 11/03/2026 (B)
300,000
292,049
Nutrien Ltd.
 
 
4.90%, 03/27/2028
28,000
28,013
5.20%, 06/21/2027
9,000
9,078
Trinseo Materials Operating SCA/Trinseo
Materials Finance, Inc.
 
 
5.13%, 04/01/2029 (A)
40,000
15,166
 
 
582,687
Commercial Services & Supplies - 0.4% 
Avis Budget Car Rental LLC/Avis Budget
Finance, Inc.
 
 
5.38%, 03/01/2029 (A)(E)
75,000
68,614
Deluxe Corp.
 
 
8.00%, 06/01/2029 (A)
63,000
59,452
Garda World Security Corp.
 
 
6.00%, 06/01/2029 (A)
50,000
46,328
GXO Logistics, Inc.
 
 
6.25%, 05/06/2029
16,000
16,543
Hertz Corp.
 
 
4.63%, 12/01/2026 (A)
75,000
56,172
PROG Holdings, Inc.
 
 
6.00%, 11/15/2029 (A)
62,000
59,611
Quanta Services, Inc.
 
 
2.35%, 01/15/2032
14,000
11,646
2.90%, 10/01/2030
4,000
3,575
Republic Services, Inc.
 
 
5.00%, 11/15/2029 - 04/01/2034
30,000
30,339
Triton Container International Ltd.
 
 
3.15%, 06/15/2031 (A)
119,000
101,319
 
Principal
Value
CORPORATE DEBT SECURITIES (continued)
Commercial Services & Supplies (continued)
Upbound Group, Inc.
 
 
6.38%, 02/15/2029 (A)
$  65,000
$  63,563
Waste Management, Inc.
 
 
4.95%, 07/03/2027
19,000
19,186
 
 
536,348
Communications Equipment - 0.0% (G)
Viasat, Inc.
 
 
7.50%, 05/30/2031 (A)(E)
37,000
27,172
Construction & Engineering - 0.4% 
CIMIC Finance USA Pty. Ltd.
 
 
7.00%, 03/25/2034 (B)
100,000
105,088
7.00%, 03/25/2034 (A)
99,000
104,037
IHS Holding Ltd.
 
 
5.63%, 11/29/2026 (B)
400,000
380,364
Jacobs Engineering Group, Inc.
 
 
5.90%, 03/01/2033
6,000
6,112
6.35%, 08/18/2028
8,000
8,354
MasTec, Inc.
 
 
5.90%, 06/15/2029
13,000
13,246
 
 
617,201
Construction Materials - 0.0% (G)
Martin Marietta Materials, Inc.
 
 
2.40%, 07/15/2031
10,000
8,497
Consumer Finance - 0.3% 
American Express Co.
 
 
4.20%, 11/06/2025
15,000
14,887
Fixed until 02/16/2027,
5.10% (D), 02/16/2028
26,000
26,088
Bread Financial Holdings, Inc.
 
 
9.75%, 03/15/2029 (A)
58,000
62,177
Capital One Financial Corp.
 
 
3.75%, 07/28/2026
16,000
15,579
Enova International, Inc.
 
 
11.25%, 12/15/2028 (A)
55,000
59,261
goeasy Ltd.
 
 
7.63%, 07/01/2029 (A)
50,000
51,142
LFS Topco LLC
 
 
5.88%, 10/15/2026 (A)
65,000
60,352
Mastercard, Inc.
 
 
2.00%, 03/03/2025
43,000
42,199
Synchrony Financial
 
 
4.50%, 07/23/2025
46,000
45,443
 
 
377,128
Consumer Staples Distribution & Retail - 0.2% 
C&S Group Enterprises LLC
 
 
5.00%, 12/15/2028 (A)
76,000
56,376
Cencosud SA
 
 
4.38%, 07/17/2027 (B)
200,000
192,837
 
 
249,213
Containers & Packaging - 0.1% 
Amcor Flexibles North America, Inc.
 
 
2.69%, 05/25/2031
43,000
36,854
Transamerica Funds
Page 3
Transamerica Unconstrained Bond
SCHEDULE OF INVESTMENTS (continued)
At July 31, 2024
(unaudited)
 
Principal
Value
CORPORATE DEBT SECURITIES (continued)
Containers & Packaging (continued)
Clydesdale Acquisition Holdings, Inc.
 
 
8.75%, 04/15/2030 (A)
$  65,000
$  63,798
Packaging Corp. of America
 
 
5.70%, 12/01/2033
41,000
42,558
 
 
143,210
Distributors - 0.0% (G)
Windsor Holdings III LLC
 
 
8.50%, 06/15/2030 (A)
55,000
57,888
Diversified REITs - 0.1% 
Champion MTN Ltd.
 
 
2.95%, 06/15/2030 (B)
200,000
169,040
Diversified Telecommunication Services - 0.3% 
Altice Financing SA
 
 
5.00%, 01/15/2028 (A)
330,000
263,761
AT&T, Inc.
 
 
4.10%, 02/15/2028
78,000
76,380
5.40%, 02/15/2034
11,000
11,192
Verizon Communications, Inc.
 
 
4.02%, 12/03/2029
78,000
75,111
5.05%, 05/09/2033 (E)
12,000
12,048
 
 
438,492
Electric Utilities - 3.0% 
AES Andes SA
 
 
Fixed until 03/10/2030,
8.15% (D), 06/10/2055 (A)
500,000
510,416
AES Corp.
 
 
5.45%, 06/01/2028
11,000
11,078
Algonquin Power & Utilities Corp.
 
 
5.37%, 06/15/2026 (H)
6,000
6,007
Ameren Corp.
 
 
5.70%, 12/01/2026
83,000
84,292
Berkshire Hathaway Energy Co.
 
 
3.25%, 04/15/2028
39,000
37,087
Buffalo Energy Mexico Holdings/Buffalo
Energy Infrastructure/Buffalo Energy
 
 
7.88%, 02/15/2039 (A)
200,000
210,724
Clean Renewable Power Mauritius Pte.
Ltd.
 
 
4.25%, 03/25/2027 (B)
565,500
532,516
Continuum Green Energy India
Pvt/Co-Issuers
 
 
7.50%, 06/26/2033 (A)
200,000
201,809
Diamond II Ltd.
 
 
7.95%, 07/28/2026 (B)
450,000
456,595
DTE Energy Co.
 
 
4.88%, 06/01/2028
40,000
39,931
Enel Chile SA
 
 
4.88%, 06/12/2028
120,000
117,977
EUSHI Finance, Inc.
 
 
Fixed until 09/15/2029,
7.63% (D), 12/15/2054 (A)
450,000
456,719
FirstEnergy Pennsylvania Electric Co.
 
 
5.20%, 04/01/2028 (A)
23,000
23,226
 
Principal
Value
CORPORATE DEBT SECURITIES (continued)
Electric Utilities (continued)
Florida Power & Light Co.
 
 
5.15%, 06/15/2029
$  19,000
$  19,424
Kentucky Power Co.
 
 
7.00%, 11/15/2033 (A)
24,000
25,885
Majapahit Holding BV
 
 
7.88%, 06/29/2037 (B)
200,000
234,921
Minejesa Capital BV
 
 
5.63%, 08/10/2037 (B)
600,000
556,090
Narragansett Electric Co.
 
 
5.35%, 05/01/2034 (A)
11,000
11,107
National Rural Utilities Cooperative
Finance Corp.
 
 
1.88%, 02/07/2025
26,000
25,528
5.10%, 05/06/2027
6,000
6,080
New York State Electric & Gas Corp.
 
 
5.85%, 08/15/2033 (A)
15,000
15,541
NextEra Energy Capital Holdings, Inc.
 
 
5.75%, 09/01/2025
9,000
9,056
Pacific Gas & Electric Co.
 
 
4.95%, 06/08/2025
110,000
109,383
Pattern Energy Operations LP/Pattern
Energy Operations, Inc.
 
 
4.50%, 08/15/2028 (A)
60,000
56,615
Public Service Co. of Colorado
 
 
3.70%, 06/15/2028
68,000
65,452
SAEL Ltd.
 
 
7.80%, 07/31/2031 (A)(E)
300,000
302,887
Southern California Edison Co.
 
 
4.88%, 02/01/2027
63,000
63,117
 
 
4,189,463
Electronic Equipment, Instruments & Components - 0.2% 
Allegion US Holding Co., Inc.
 
 
5.41%, 07/01/2032
44,000
44,795
5.60%, 05/29/2034
9,000
9,184
Amphenol Corp.
 
 
5.05%, 04/05/2029
35,000
35,576
5.25%, 04/05/2034
6,000
6,109
Cisco Systems, Inc.
 
 
4.85%, 02/26/2029
21,000
21,328
Honeywell International, Inc.
 
 
1.75%, 09/01/2031
21,000
17,367
4.25%, 01/15/2029
11,000
10,907
4.95%, 09/01/2031
11,000
11,191
TD SYNNEX Corp.
 
 
6.10%, 04/12/2034
2,000
2,050
Trimble, Inc.
 
 
6.10%, 03/15/2033
55,000
57,729
Vontier Corp.
 
 
2.95%, 04/01/2031
12,000
10,192
 
 
226,428
Energy Equipment & Services - 1.3% 
Greenko Wind Projects Mauritius Ltd.
 
 
5.50%, 04/06/2025 (B)
910,000
903,175
Halliburton Co.
 
 
4.75%, 08/01/2043
21,000
18,824
Transamerica Funds
Page 4
Transamerica Unconstrained Bond
SCHEDULE OF INVESTMENTS (continued)
At July 31, 2024
(unaudited)
 
Principal
Value
CORPORATE DEBT SECURITIES (continued)
Energy Equipment & Services (continued)
India Cleantech Energy
 
 
4.70%, 08/10/2026 (B)
$  426,250
$  408,842
India Green Power Holdings
 
 
4.00%, 02/22/2027 (B)
373,320
350,832
Nabors Industries, Inc.
 
 
7.38%, 05/15/2027 (A)
58,000
59,068
Valaris Ltd.
 
 
8.38%, 04/30/2030 (A)
60,000
62,760
 
 
1,803,501
Entertainment - 0.0% (G)
Netflix, Inc.
 
 
4.88%, 04/15/2028
39,000
39,279
Financial Services - 0.4% 
Ally Financial, Inc.
 
 
6.70%, 02/14/2033 (E)
60,000
61,369
Caja de Compensacion de Asignacion
Familiar de Los Andes
 
 
7.00%, 07/30/2029 (A)
200,000
202,597
CMB International Leasing Management
Ltd.
 
 
1.25%, 09/16/2024 (B)
200,000
198,899
Cobra AcquisitionCo LLC
 
 
6.38%, 11/01/2029 (A)
175,000
143,450
 
 
606,315
Food Products - 1.3% 
Hormel Foods Corp.
 
 
4.80%, 03/30/2027
15,000
15,082
J M Smucker Co.
 
 
5.90%, 11/15/2028
10,000
10,449
JBS USA Holding LUX SARL/JBS USA
Food Co./JBS LUX Co. SARL
 
 
3.75%, 12/01/2031
150,000
133,126
Land O'Lakes, Inc.
 
 
7.00%, 09/18/2028 (A)(C)
1,770,000
1,371,772
Mars, Inc.
 
 
4.65%, 04/20/2031 (A)
16,000
15,875
Nestle Holdings, Inc.
 
 
3.50%, 09/24/2025 (A)
204,000
200,992
Smithfield Foods, Inc.
 
 
5.20%, 04/01/2029 (A)
68,000
67,000
 
 
1,814,296
Gas Utilities - 0.0% (G)
KeySpan Gas East Corp.
 
 
5.99%, 03/06/2033 (A)
15,000
15,359
Ground Transportation - 0.0% (G)
CSX Corp.
 
 
3.25%, 06/01/2027
18,000
17,370
5.20%, 11/15/2033
30,000
30,669
GATX Corp.
 
 
6.05%, 03/15/2034
9,000
9,402
 
 
57,441
 
Principal
Value
CORPORATE DEBT SECURITIES (continued)
Health Care Equipment & Supplies - 0.0% (G)
Agilent Technologies, Inc.
 
 
2.30%, 03/12/2031
$  28,000
$  23,833
Thermo Fisher Scientific, Inc.
 
 
5.00%, 01/31/2029
10,000
10,170
 
 
34,003
Health Care Providers & Services - 0.5% 
Cardinal Health, Inc.
 
 
4.60%, 03/15/2043
28,000
24,303
5.13%, 02/15/2029
8,000
8,086
Cencora, Inc.
 
 
5.13%, 02/15/2034
10,000
10,045
Cigna Group
 
 
2.40%, 03/15/2030
9,000
7,943
5.00%, 05/15/2029
8,000
8,075
Concentra Escrow Issuer Corp.
 
 
6.88%, 07/15/2032 (A)
23,000
23,719
CVS Health Corp.
 
 
4.78%, 03/25/2038
43,000
39,258
5.55%, 06/01/2031
22,000
22,426
Elevance Health, Inc.
 
 
2.88%, 09/15/2029
50,000
45,711
HCA, Inc.
 
 
3.38%, 03/15/2029
4,000
3,730
3.50%, 09/01/2030
27,000
24,811
5.45%, 04/01/2031
11,000
11,179
Humana, Inc.
 
 
5.88%, 03/01/2033
100,000
103,531
MPH Acquisition Holdings LLC
 
 
5.75%, 11/01/2028 (A)
75,000
44,438
Roche Holdings, Inc.
 
 
5.49%, 11/13/2030 (A)
243,000
254,405
UnitedHealth Group, Inc.
 
 
3.75%, 07/15/2025
63,000
62,236
5.15%, 07/15/2034
12,000
12,141
 
 
706,037
Health Care REITs - 0.0% (G)
Omega Healthcare Investors, Inc.
 
 
3.38%, 02/01/2031
24,000
21,128
Health Care Technology - 0.1% 
GE HealthCare Technologies, Inc.
 
 
5.65%, 11/15/2027
100,000
102,274
Hotel & Resort REITs - 0.1% 
Service Properties Trust
 
 
4.95%, 10/01/2029
75,000
59,641
Hotels, Restaurants & Leisure - 3.3% 
Champion Path Holdings Ltd.
 
 
4.50%, 01/27/2026 (B)
400,000
383,178
Choice Hotels International, Inc.
 
 
5.85%, 08/01/2034
11,000
11,011
Fertitta Entertainment LLC/Fertitta
Entertainment Finance Co., Inc.
 
 
6.75%, 01/15/2030 (A)
70,000
62,112
Transamerica Funds
Page 5
Transamerica Unconstrained Bond
SCHEDULE OF INVESTMENTS (continued)
At July 31, 2024
(unaudited)
 
Principal
Value
CORPORATE DEBT SECURITIES (continued)
Hotels, Restaurants & Leisure (continued)
Fortune Star BVI Ltd.
 
 
5.00%, 05/18/2026 (B)
$  200,000
$  185,550
5.95%, 10/19/2025 (B)
700,000
675,526
GENM Capital Labuan Ltd.
 
 
3.88%, 04/19/2031 (B)
200,000
177,702
Hyatt Hotels Corp.
 
 
5.50%, 06/30/2034
13,000
12,973
Marriott International, Inc.
 
 
2.85%, 04/15/2031
43,000
37,580
McDonald's Corp.
 
 
3.30%, 07/01/2025
55,000
54,080
4.80%, 08/14/2028
28,000
28,151
Melco Resorts Finance Ltd.
 
 
4.88%, 06/06/2025 (B)
520,000
511,407
5.25%, 04/26/2026 (B)
200,000
193,525
5.38%, 12/04/2029 (B)
200,000
179,868
MGM China Holdings Ltd.
 
 
5.25%, 06/18/2025 (B)
300,000
296,676
Royal Caribbean Cruises Ltd.
 
 
6.00%, 02/01/2033 (A)(F)
43,000
43,254
Sands China Ltd.
 
 
2.85%, 03/08/2029
250,000
220,373
Studio City Finance Ltd.
 
 
5.00%, 01/15/2029 (B)
1,050,000
935,557
Warnermedia Holdings, Inc.
 
 
4.28%, 03/15/2032
9,000
7,782
Wynn Macau Ltd.
 
 
5.50%, 01/15/2026 (B)
480,000
471,945
5.63%, 08/26/2028 (B)
200,000
189,454
 
 
4,677,704
Independent Power & Renewable Electricity Producers - 0.1% 
Cometa Energia SA de CV
 
 
6.38%, 04/24/2035 (B)
195,250
192,373
Insurance - 1.7% 
Allstate Corp.
 
 
5.05%, 06/24/2029
19,000
19,202
Americo Life, Inc.
 
 
3.45%, 04/15/2031 (A)
25,000
20,455
Aon North America, Inc.
 
 
5.30%, 03/01/2031
121,000
122,868
Arthur J Gallagher & Co.
 
 
5.45%, 07/15/2034
43,000
43,636
Athene Global Funding
 
 
1.73%, 10/02/2026 (A)
30,000
27,976
Chubb INA Holdings LLC
 
 
4.65%, 08/15/2029
27,000
27,006
Global Atlantic Finance Co.
 
 
Fixed until 07/15/2029,
7.95% (D), 10/15/2054 (A)
700,000
710,168
Howden UK Refinance PLC/Howden UK
Refinance 2 PLC/Howden US
Refinance LLC
 
 
7.25%, 02/15/2031 (A)
65,000
65,171
Liberty Mutual Group, Inc.
 
 
4.30%, 02/01/2061 (A)
1,822,000
1,147,196
 
Principal
Value
CORPORATE DEBT SECURITIES (continued)
Insurance (continued)
Northwestern Mutual Global Funding
 
 
4.35%, 09/15/2027 (A)
$  11,000
$  10,893
Sumitomo Life Insurance Co.
 
 
Fixed until 01/18/2034 (C),
5.88% (A)(D)
205,000
202,112
Willis North America, Inc.
 
 
4.65%, 06/15/2027
24,000
23,810
 
 
2,420,493
Interactive Media & Services - 0.0% (G)
Alphabet, Inc.
 
 
0.45%, 08/15/2025
40,000
38,312
Internet & Catalog Retail - 0.6% 
Amazon.com, Inc.
 
 
3.30%, 04/13/2027
12,000
11,638
4.65%, 12/01/2029
82,000
82,989
Expedia Group, Inc.
 
 
2.95%, 03/15/2031
25,000
22,142
GrubHub Holdings, Inc.
 
 
5.50%, 07/01/2027 (A)
74,000
67,816
Meituan
 
 
3.05%, 10/28/2030 (B)
200,000
176,512
Rakuten Group, Inc.
 
 
9.75%, 04/15/2029 (A)
250,000
264,545
11.25%, 02/15/2027 (B)
200,000
216,062
 
 
841,704
IT Services - 0.2% 
Ahead DB Holdings LLC
 
 
6.63%, 05/01/2028 (A)
65,000
61,824
CA Magnum Holdings
 
 
5.38%, 10/31/2026 (B)
265,000
255,300
 
 
317,124
Machinery - 0.3% 
AGCO Corp.
 
 
5.45%, 03/21/2027
5,000
5,059
Caterpillar Financial Services Corp.
 
 
4.85%, 02/27/2029
10,000
10,140
5.00%, 05/14/2027
7,000
7,084
Caterpillar, Inc.
 
 
1.90%, 03/12/2031 (E)
75,000
64,331
CNH Industrial Capital LLC
 
 
5.10%, 04/20/2029
67,000
67,572
5.50%, 01/12/2029
14,000
14,327
Ingersoll Rand, Inc.
 
 
5.18%, 06/15/2029
14,000
14,212
John Deere Capital Corp.
 
 
1.45%, 01/15/2031
43,000
35,555
4.90%, 06/11/2027
13,000
13,121
4.95%, 07/14/2028
7,000
7,103
5.10%, 04/11/2034
66,000
67,177
nVent Finance SARL
 
 
2.75%, 11/15/2031
43,000
36,122
Transamerica Funds
Page 6
Transamerica Unconstrained Bond
SCHEDULE OF INVESTMENTS (continued)
At July 31, 2024
(unaudited)
 
Principal
Value
CORPORATE DEBT SECURITIES (continued)
Machinery (continued)
Westinghouse Air Brake Technologies
Corp.
 
 
5.61%, 03/11/2034
$  6,000
$  6,164
 
 
347,967
Media - 0.3% 
Cable One, Inc.
 
 
4.00%, 11/15/2030 (A)
64,000
49,124
Charter Communications
Operating LLC/Charter Communications
Operating Capital
 
 
2.80%, 04/01/2031
44,000
36,812
3.50%, 06/01/2041
18,000
12,432
6.10%, 06/01/2029
14,000
14,278
Comcast Corp.
 
 
3.40%, 04/01/2030
8,000
7,477
4.15%, 10/15/2028
33,000
32,389
Cox Communications, Inc.
 
 
5.45%, 09/15/2028 (A)
11,000
11,196
CSC Holdings LLC
 
 
5.75%, 01/15/2030 (A)
200,000
80,609
Discovery Communications LLC
 
 
3.63%, 05/15/2030
19,000
16,696
Omnicom Group, Inc.
 
 
5.30%, 11/01/2034 (F)
27,000
26,897
Paramount Global
 
 
Fixed until 02/28/2027,
6.25% (D), 02/28/2057
32,000
27,941
Univision Communications, Inc.
 
 
6.63%, 06/01/2027 (A)
60,000
59,669
 
 
375,520
Metals & Mining - 0.8% 
AngloGold Ashanti Holdings PLC
 
 
3.75%, 10/01/2030
200,000
177,942
Enviri Corp.
 
 
5.75%, 07/31/2027 (A)
39,000
37,844
Fresnillo PLC
 
 
4.25%, 10/02/2050 (B)
200,000
151,154
JSW Steel Ltd.
 
 
5.05%, 04/05/2032 (B)
200,000
182,839
Mineral Resources Ltd.
 
 
9.25%, 10/01/2028 (A)
56,000
59,473
Newmont Corp./Newcrest Finance Pty. Ltd.
 
 
5.30%, 03/15/2026 (A)
7,000
7,033
Perenti Finance Pty. Ltd.
 
 
6.50%, 10/07/2025 (B)
304,617
304,163
South32 Treasury Ltd.
 
 
4.35%, 04/14/2032 (A)
54,000
49,776
Steel Dynamics, Inc.
 
 
5.38%, 08/15/2034
9,000
9,089
Vale Overseas Ltd.
 
 
6.13%, 06/12/2033
150,000
153,434
 
 
1,132,747
 
Principal
Value
CORPORATE DEBT SECURITIES (continued)
Mortgage Real Estate Investment Trusts - 0.1% 
Apollo Commercial Real Estate Finance,
Inc.
 
 
4.63%, 06/15/2029 (A)
$  75,000
$  63,957
Oil, Gas & Consumable Fuels - 4.6% 
Apache Corp.
 
 
6.00%, 01/15/2037
9,000
9,179
BP Capital Markets America, Inc.
 
 
4.89%, 09/11/2033
48,000
47,602
Chevron Corp.
 
 
2.24%, 05/11/2030
74,000
65,260
Comstock Resources, Inc.
 
 
5.88%, 01/15/2030 (A)
65,000
60,294
Crescent Energy Finance LLC
 
 
7.63%, 04/01/2032 (A)
60,000
61,504
Delek Logistics Partners LP/Delek
Logistics Finance Corp.
 
 
8.63%, 03/15/2029 (A)
55,000
57,144
Diamondback Energy, Inc.
 
 
5.40%, 04/18/2034
100,000
100,858
EIG Pearl Holdings SARL
 
 
4.39%, 11/30/2046 (B)
250,000
197,000
Energy Transfer LP
 
 
4.95%, 05/15/2028
39,000
38,995
6.40%, 12/01/2030
10,000
10,704
Fixed until 02/15/2029,
8.00% (D), 05/15/2054
1,000,000
1,062,681
EnLink Midstream Partners LP
 
 
3-Month Term SOFR + 4.37%,
9.71% (D), 09/03/2024 (C)
1,400,000
1,388,710
EQT Corp.
 
 
3.63%, 05/15/2031 (A)
33,000
29,596
Galaxy Pipeline Assets Bidco Ltd.
 
 
2.94%, 09/30/2040 (B)
183,156
148,254
Genesis Energy LP/Genesis Energy
Finance Corp.
 
 
8.88%, 04/15/2030
60,000
63,501
GNL Quintero SA
 
 
4.63%, 07/31/2029 (B)
129,440
127,308
Greensaif Pipelines Bidco SARL
 
 
6.13%, 02/23/2038 (B)
200,000
204,701
HF Sinclair Corp.
 
 
5.00%, 02/01/2028 (A)
11,000
10,790
Indika Energy Tbk. PT
 
 
8.75%, 05/07/2029 (A)
350,000
354,414
ITT Holdings LLC
 
 
6.50%, 08/01/2029 (A)
65,000
61,014
KazMunayGas National Co. JSC
 
 
3.50%, 04/14/2033 (B)
200,000
165,334
Kinder Morgan, Inc.
 
 
5.10%, 08/01/2029
13,000
13,090
5.40%, 02/01/2034
100,000
100,410
Marathon Oil Corp.
 
 
5.30%, 04/01/2029
17,000
17,321
Medco Oak Tree Pte. Ltd.
 
 
7.38%, 05/14/2026 (B)
325,000
328,420
Transamerica Funds
Page 7
Transamerica Unconstrained Bond
SCHEDULE OF INVESTMENTS (continued)
At July 31, 2024
(unaudited)
 
Principal
Value
CORPORATE DEBT SECURITIES (continued)
Oil, Gas & Consumable Fuels (continued)
Mongolian Mining Corp./Energy
Resources LLC
 
 
12.50%, 09/13/2026 (B)
$  200,000
$  213,900
MPLX LP
 
 
5.50%, 06/01/2034
17,000
17,061
NGL Energy Operating LLC/NGL Energy
Finance Corp.
 
 
8.38%, 02/15/2032 (A)
50,000
51,096
Occidental Petroleum Corp.
 
 
5.20%, 08/01/2029
14,000
14,083
5.55%, 10/01/2034
11,000
11,058
6.13%, 01/01/2031
66,000
68,771
Petroleos Mexicanos
 
 
10.00%, 02/07/2033 (E)
727,000
741,057
Pioneer Natural Resources Co.
 
 
5.10%, 03/29/2026
9,000
9,038
Plains All American Pipeline LP/PAA
Finance Corp.
 
 
6.65%, 01/15/2037
3,000
3,234
Saudi Arabian Oil Co.
 
 
5.88%, 07/17/2064 (A)
400,000
390,604
Talos Production, Inc.
 
 
9.38%, 02/01/2031 (A)
52,000
55,055
Targa Resources Partners LP/Targa
Resources Partners Finance Corp.
 
 
5.50%, 03/01/2030
10,000
10,016
Transportadora de Gas del Peru SA
 
 
4.25%, 04/30/2028 (B)
160,000
155,539
Williams Cos., Inc.
 
 
5.75%, 06/24/2044
39,000
38,737
 
 
6,503,333
Paper & Forest Products - 0.3% 
Georgia-Pacific LLC
 
 
0.95%, 05/15/2026 (A)
28,000
26,167
Inversiones CMPC SA
 
 
6.13%, 02/26/2034 (A)
200,000
204,737
Suzano Austria GmbH
 
 
5.00%, 01/15/2030
200,000
192,398
 
 
423,302
Passenger Airlines - 0.0% (G)
British Airways Pass-Through Trust
 
 
2.90%, 09/15/2036 (A)
8,943
7,843
Hawaiian Brand Intellectual Property
Ltd./HawaiianMiles Loyalty Ltd.
 
 
11.00%, 04/15/2029 (A)
52,133
49,526
 
 
57,369
Personal Care Products - 0.1% 
Estee Lauder Cos., Inc.
 
 
4.38%, 05/15/2028
11,000
10,906
HLF Financing SARL LLC/Herbalife
International, Inc.
 
 
4.88%, 06/01/2029 (A)
103,000
70,040
Kenvue, Inc.
 
 
4.90%, 03/22/2033
9,000
9,054
 
Principal
Value
CORPORATE DEBT SECURITIES (continued)
Personal Care Products (continued)
Procter & Gamble Co.
 
 
2.85%, 08/11/2027
$  22,000
$  21,023
3.95%, 01/26/2028
17,000
16,812
 
 
127,835
Pharmaceuticals - 0.2% 
AbbVie, Inc.
 
 
3.20%, 11/21/2029
71,000
66,372
4.95%, 03/15/2031
13,000
13,209
Astrazeneca Finance LLC
 
 
4.85%, 02/26/2029
21,000
21,245
4.88%, 03/03/2028
17,000
17,186
4.90%, 03/03/2030
18,000
18,335
Becton Dickinson & Co.
 
 
4.30%, 08/22/2032
13,000
12,417
4.69%, 02/13/2028
16,000
15,969
Bristol-Myers Squibb Co.
 
 
2.95%, 03/15/2032
37,000
32,665
Johnson & Johnson
 
 
4.80%, 06/01/2029
17,000
17,372
Merck & Co., Inc.
 
 
4.30%, 05/17/2030
25,000
24,747
Pfizer Investment Enterprises Pte. Ltd.
 
 
4.75%, 05/19/2033
13,000
12,916
Viatris, Inc.
 
 
1.65%, 06/22/2025
57,000
55,108
Zoetis, Inc.
 
 
5.60%, 11/16/2032
8,000
8,329
 
 
315,870
Professional Services - 0.1% 
Mobius Merger Sub, Inc.
 
 
9.00%, 06/01/2030 (A)
60,000
59,352
S&P Global, Inc.
 
 
2.70%, 03/01/2029
91,000
83,919
 
 
143,271
Real Estate Management & Development - 2.5% 
Corp. Inmobiliaria Vesta SAB de CV
 
 
3.63%, 05/13/2031 (B)
270,000
229,961
Cushman & Wakefield US Borrower LLC
 
 
6.75%, 05/15/2028 (A)
60,000
60,056
Elect Global Investments Ltd.
 
 
4.85%, 08/30/2024 (B)(C)
200,000
144,531
GLP China Holdings Ltd.
 
 
2.95%, 03/29/2026 (B)
200,000
173,010
GLP Pte. Ltd.
 
 
3.88%, 06/04/2025 (B)
400,000
376,464
Fixed until 05/17/2026 (C),
4.50% (B)(D)
200,000
129,180
Kennedy-Wilson, Inc.
 
 
4.75%, 03/01/2029
72,000
63,322
Longfor Group Holdings Ltd.
 
 
3.38%, 04/13/2027 (B)
250,000
201,377
4.50%, 01/16/2028 (B)
200,000
157,902
New Metro Global Ltd.
 
 
4.80%, 12/15/2024 (B)
400,000
362,720
Transamerica Funds
Page 8
Transamerica Unconstrained Bond
SCHEDULE OF INVESTMENTS (continued)
At July 31, 2024
(unaudited)
 
Principal
Value
CORPORATE DEBT SECURITIES (continued)
Real Estate Management & Development (continued)
New World China Land Ltd.
 
 
4.75%, 01/23/2027 (B)
$  200,000
$  186,000
NWD Finance BVI Ltd.
 
 
4.80%, 08/30/2024 (B)(C)
400,000
183,200
6.25%, 09/07/2024 (B)(C)
350,000
197,950
Vanke Real Estate Hong Kong Co. Ltd.
 
 
3.98%, 11/09/2027 (B)
200,000
124,720
Yanlord Land HK Co. Ltd.
 
 
5.13%, 05/20/2026 (B)
1,000,000
874,772
 
 
3,465,165
Retail REITs - 0.7% 
Scentre Group Trust 2
 
 
Fixed until 06/24/2026,
4.75% (D), 09/24/2080 (B)
935,000
909,074
Semiconductors & Semiconductor Equipment - 0.3% 
Applied Materials, Inc.
 
 
4.80%, 06/15/2029
59,000
59,792
Broadcom, Inc.
 
 
2.45%, 02/15/2031 (A)
44,000
37,845
Intel Corp.
 
 
3.40%, 03/25/2025
60,000
59,262
Texas Instruments, Inc.
 
 
4.60%, 02/15/2028
36,000
36,155
TSMC Global Ltd.
 
 
1.25%, 04/23/2026 (B)
250,000
234,929
 
 
427,983
Software - 0.2% 
Adobe, Inc.
 
 
4.85%, 04/04/2027
7,000
7,068
Cloud Software Group, Inc.
 
 
6.50%, 03/31/2029 (A)
66,000
64,330
McAfee Corp.
 
 
7.38%, 02/15/2030 (A)
65,000
60,640
Oracle Corp.
 
 
2.30%, 03/25/2028
60,000
55,048
4.30%, 07/08/2034
5,000
4,661
Rackspace Finance LLC
 
 
3.50%, 05/15/2028 (A)
261,300
113,167
Take-Two Interactive Software, Inc.
 
 
5.40%, 06/12/2029
4,000
4,076
 
 
308,990
Specialized REITs - 0.1% 
American Tower Corp.
 
 
2.30%, 09/15/2031
13,000
10,858
5.20%, 02/15/2029
16,000
16,183
Crown Castle, Inc.
 
 
5.00%, 01/11/2028
22,000
22,017
5.60%, 06/01/2029
10,000
10,245
Weyerhaeuser Co.
 
 
4.00%, 04/15/2030
50,000
47,712
4.75%, 05/15/2026
16,000
15,945
 
 
122,960
 
Principal
Value
CORPORATE DEBT SECURITIES (continued)
Specialty Retail - 0.1% 
Mavis Tire Express Services Topco Corp.
 
 
6.50%, 05/15/2029 (A)
$  65,000
$  61,839
Technology Hardware, Storage & Peripherals - 0.1% 
Apple, Inc.
 
 
1.40%, 08/05/2028
82,000
73,233
Hewlett Packard Enterprise Co.
 
 
1.75%, 04/01/2026
34,000
32,227
5.25%, 07/01/2028
16,000
16,302
 
 
121,762
Transportation Infrastructure - 0.5% 
DP World Ltd.
 
 
5.63%, 09/25/2048 (B)
200,000
192,783
FedEx Corp. Pass-Through Trust
 
 
1.88%, 08/20/2035
38,204
32,325
India Airport Infra
 
 
6.25%, 10/25/2025 (B)
400,000
400,000
Penske Truck Leasing Co. LP/PTL Finance
Corp.
 
 
5.35%, 03/30/2029 (A)
7,000
7,091
6.05%, 08/01/2028 (A)
10,000
10,381
6.20%, 06/15/2030 (A)
31,000
32,834
Ryder System, Inc.
 
 
5.25%, 06/01/2028
4,000
4,054
5.50%, 06/01/2029
13,000
13,310
United Parcel Service, Inc.
 
 
3.90%, 04/01/2025
24,000
23,783
 
 
716,561
Wireless Telecommunication Services - 0.2% 
Altice France SA
 
 
5.13%, 07/15/2029 (A)
240,000
167,607
Rogers Communications, Inc.
 
 
5.00%, 02/15/2029
21,000
21,011
T-Mobile USA, Inc.
 
 
3.38%, 04/15/2029
60,000
56,242
 
 
244,860
Total Corporate Debt Securities
(Cost $49,586,673)
 
49,457,740
LOAN ASSIGNMENTS - 23.5% 
Aerospace & Defense - 0.2% 
Spirit Aerosystems, Inc.
Term Loan,
3-Month Term SOFR + 4.25%,
9.50% (D), 01/15/2027
317,975
321,155
Air Freight & Logistics - 0.2% 
Kenan Advantage Group, Inc.
Term Loan B3,
1-Month Term SOFR + 3.75%,
9.09% (D), 01/25/2029
240,397
240,247
Beverages - 0.2% 
Pegasus BidCo BV
Term Loan,
3-Month Term SOFR + 3.75%,
9.07% (D), 07/12/2029
318,772
319,436
Transamerica Funds
Page 9
Transamerica Unconstrained Bond
SCHEDULE OF INVESTMENTS (continued)
At July 31, 2024
(unaudited)
 
Principal
Value
LOAN ASSIGNMENTS (continued)
Building Products - 1.0% 
Foley Products Co. LLC
Term Loan,
3-Month Term SOFR + 4.75%,
10.23% (D), 12/29/2028
$  189,155
$  189,746
Icebox Holdco III, Inc.
1st Lien Term Loan,
3-Month Term SOFR + 3.75%,
9.35% (D), 12/22/2028
320,037
321,170
LBM Acquisition LLC
Term Loan B,
3-Month Term SOFR + 3.75%,
9.18% (D), 06/06/2031
320,840
308,808
Park River Holdings, Inc.
3-Month Term SOFR + 3.25%,
8.84% (D), 12/28/2027
322,930
306,092
Specialty Building Products Holdings LLC
Term Loan B,
1-Month Term SOFR + 3.75%,
9.19% (D), 10/15/2028
239,319
238,465
 
 
1,364,281
Capital Markets - 0.9% 
Advisor Group, Inc.
Term Loan,
1-Month Term SOFR + 4.00%,
9.34% (D), 08/17/2028
200,043
196,918
HighTower Holdings LLC
Term Loan B,
3-Month Term SOFR + 4.00%,
9.54% (D), 04/21/2028
238,216
238,290
Ion Trading Technologies SARL
Term Loan,
3-Month Term SOFR + 4.00%,
9.35% (D), 04/01/2028
155,301
154,978
NEXUS Buyer LLC
Term Loan B,
TBD, 07/18/2031 (F)(I)
339,544
335,441
WEC US Holdings Ltd.
Term Loan,
1-Month Term SOFR + 2.75%,
8.09% (D), 01/27/2031
320,000
320,596
 
 
1,246,223
Commercial Services & Supplies - 2.3% 
Allied Universal Holdco LLC
Term Loan B,
1-Month Term SOFR + 3.75%,
9.19% (D), 05/12/2028
180,449
180,314
APX Group, Inc.
Term Loan B,
3-Month Term SOFR + 2.75%, Prime Rate
+ 1.75%,
8.30% (D), 07/10/2028
629,833
630,620
Asurion LLC
 
 
Term Loan B11,
1-Month Term SOFR + 4.25%,
9.59% (D), 08/19/2028
308,438
307,128
2nd Lien Term Loan B4,
1-Month Term SOFR + 5.25%,
10.71% (D), 01/20/2029
355,548
324,660
 
 
 
Principal
Value
LOAN ASSIGNMENTS (continued)
Commercial Services & Supplies (continued)
 
Creative Artists Agency LLC
Term Loan B,
1-Month Term SOFR + 3.25%,
8.59% (D), 11/27/2028
$  318,512
$  320,303
Foundever Worldwide Corp.
Term Loan,
1-Month Term SOFR + 3.75%,
9.21% (D), 08/28/2028
110,766
76,536
Garda World Security Corp.
Term Loan B,
3-Month Term SOFR + 4.25%,
9.59% (D), 02/01/2029
237,977
238,631
Groupe Solmax, Inc.
Term Loan,
1-Month Term SOFR + 4.75%, 3-Month
Term SOFR + 4.75%,
10.21% (D), 05/29/2028
207,814
202,136
Prometric Holdings, Inc.
Term Loan,
1-Month Term SOFR + 4.70%, Prime Rate
+ 3.75%,
10.21% (D), 01/31/2028
239,998
241,248
PUG LLC
Term Loan B,
1-Month Term SOFR + 4.75%,
10.09% (D), 03/15/2030
236,770
236,474
Sotheby's
Term Loan B,
3-Month Term SOFR + 4.50%,
10.06% (D), 01/15/2027
328,929
299,874
XPLOR T1 LLC
Term Loan B,
3-Month Term SOFR + 4.25%,
9.60% (D), 06/24/2031
135,548
136,226
 
 
3,194,150
Communications Equipment - 0.2% 
ViaSat, Inc.
Term Loan,
1-Month Term SOFR + 4.50%,
9.84% (D), 03/02/2029
332,590
304,320
Construction & Engineering - 0.7% 
Osmose Utilities Services, Inc.
Term Loan,
1-Month Term SOFR + 3.25%,
8.71% (D), 06/23/2028
211,411
209,782
Service Logic Acquisition, Inc.
Term Loan,
3-Month Term SOFR + 4.00%,
9.46% (D), 10/29/2027
318,955
320,350
USIC Holdings, Inc.
Term Loan,
3-Month Term SOFR + 3.50%,
9.05% (D), 05/12/2028
319,802
308,875
VM Consolidated, Inc.
Term Loan B,
1-Month Term SOFR + 2.75%,
8.09% (D), 03/24/2028
126,845
127,400
 
 
966,407
Transamerica Funds
Page 10
Transamerica Unconstrained Bond
SCHEDULE OF INVESTMENTS (continued)
At July 31, 2024
(unaudited)
 
Principal
Value
LOAN ASSIGNMENTS (continued)
Construction Materials - 0.4% 
Groundworks LLC
 
 
Term Loan,
1-Month Term SOFR + 3.50%,
8.83% (D), 03/14/2031
$  175,387
$  175,606
Delayed Draw Term Loan,
1-Month Term SOFR + 3.50%,
8.83% (D), 03/14/2031
5,165
5,171
 
 
Potters Industries LLC
Term Loan,
3-Month Term SOFR + 3.75%,
9.08% (D), 12/14/2027
199,267
200,164
Quikrete Holdings, Inc.
Term Loan B,
1-Month Term SOFR + 2.50%,
7.84% (D), 04/14/2031
207,480
208,103
 
 
589,044
Containers & Packaging - 0.5% 
Charter NEX US, Inc.
Term Loan B,
1-Month Term SOFR + 3.25%,
8.60% (D), 12/01/2027
159,387
160,029
Clydesdale Acquisition Holdings, Inc.
Term Loan B,
1-Month Term SOFR + 3.68%,
9.12% (D), 04/13/2029
239,222
239,282
SupplyOne, Inc.
Term Loan B,
TBD, 04/21/2031 (F)(I)
249,375
250,747
 
 
650,058
Distributors - 0.6% 
PAI Holdco, Inc.
Term Loan B,
3-Month Term SOFR + 3.75%,
9.26% (D), 10/28/2027
256,607
232,229
Patriot Container Corp.
1st Lien Term Loan,
1-Month Term SOFR + 3.75%,
9.19% (D), 03/20/2025
285,085
276,675
RelaDyne, Inc.
 
 
Term Loan B,
1-Month Term SOFR + 4.25%,
9.59% (D), 12/22/2028
248,640
249,158
Term Loan,
1-Month Term SOFR + 4.50%,
9.84% (D), 12/22/2028
57,838
58,055
 
 
816,117
Diversified Consumer Services - 0.2% 
Spring Education Group, Inc.
Term Loan,
3-Month Term SOFR + 4.00%,
9.33% (D), 10/04/2030
239,523
240,920
Diversified REITs - 0.2% 
Claros Mortgage Trust, Inc.
Term Loan B,
1-Month Term SOFR + 4.50%,
9.94% (D), 08/09/2026
350,523
330,368
 
Principal
Value
LOAN ASSIGNMENTS (continued)
Diversified Telecommunication Services - 0.3% 
Connect Finco SARL
Term Loan B,
1-Month Term SOFR + 4.50%,
9.84% (D), 09/27/2029
$  203,477
$  192,997
Lorca Holdco Ltd.
Term Loan,
3-Month Term SOFR + 3.50%,
8.83% (D), 03/25/2031
175,854
175,195
 
 
368,192
Electronic Equipment, Instruments & Components - 0.1% 
Verifone Systems, Inc.
1st Lien Term Loan,
3-Month Term SOFR + 4.00%,
9.60% (D), 08/20/2025
178,442
153,772
Financial Services - 0.4% 
Apex Group Treasury LLC
Term Loan,
3-Month Term SOFR + 3.75%,
9.33% (D), 07/27/2028
319,963
319,429
Fly Funding II SARL
Term Loan B,
3-Month LIBOR + 1.75%,
7.33% (D), 08/11/2025
328,352
319,264
 
 
638,693
Food Products - 0.2% 
Upfield BV
Term Loan B7,
3-Month Term SOFR + 4.75%, 6-Month
Term SOFR + 4.75%,
10.25% (D), 01/02/2028
272,247
272,928
Ground Transportation - 0.3% 
Avis Budget Car Rental LLC
Term Loan C,
1-Month Term SOFR + 3.00%,
8.44% (D), 03/16/2029
111,326
111,372
Hertz Corp.
Term Loan B,
1-Month Term SOFR + 3.75%,
9.10% (D), 06/30/2028
365,338
330,022
 
 
441,394
Health Care Providers & Services - 1.0% 
Bella Holding Co. LLC
Term Loan B,
1-Month Term SOFR + 3.75%,
9.19% (D), 05/10/2028
239,590
239,623
Covetrus, Inc.
Term Loan,
3-Month Term SOFR + 5.00%,
10.33% (D), 10/13/2029
271,524
263,293
Medline Borrower LP
Term Loan B,
1-Month Term SOFR + 2.75%,
8.09% (D), 10/23/2028 (F)
239,333
239,972
MPH Acquisition Holdings LLC
Term Loan B,
3-Month Term SOFR + 4.25%,
9.86% (D), 09/01/2028
194,497
163,270
Transamerica Funds
Page 11
Transamerica Unconstrained Bond
SCHEDULE OF INVESTMENTS (continued)
At July 31, 2024
(unaudited)
 
Principal
Value
LOAN ASSIGNMENTS (continued)
Health Care Providers & Services (continued)
Outcomes Group Holdings, Inc.
Term Loan,
3-Month Term SOFR + 4.25%,
9.59% (D), 05/06/2031
$  159,474
$  159,923
Team Health Holdings, Inc.
Term Loan B,
1-Month Term SOFR + 5.25%, 3-Month
Term SOFR + 5.25%,
10.50% (D), 03/02/2027
331,490
309,943
 
 
1,376,024
Health Care Technology - 0.4% 
Athenahealth Group, Inc.
Term Loan B,
1-Month Term SOFR + 3.25%,
8.59% (D), 02/15/2029
322,436
321,378
Cotiviti Corp.
Term Loan,
1-Month Term SOFR + 3.25%,
8.59% (D), 05/01/2031
240,051
240,651
 
 
562,029
Hotels, Restaurants & Leisure - 2.1% 
Aimbridge Acquisition Co., Inc.
Term Loan B,
1-Month Term SOFR + 3.75%,
9.21% (D), 02/02/2026
330,575
322,311
Dave & Buster's, Inc.
Term Loan B,
1-Month Term SOFR + 3.25%,
8.63% (D), 06/29/2029
206,697
207,213
Fertitta Entertainment LLC
Term Loan B,
1-Month Term SOFR + 3.75%,
9.08% (D), 01/27/2029
272,863
273,289
Fogo De Chao, Inc.
Term Loan B,
3-Month Term SOFR + 4.75%,
10.00% (D), 09/30/2030
208,900
198,325
GBT US III LLC
Term Loan B,
TBD, 07/18/2031 (F)(I)
47,353
47,377
Hilton Grand Vacations Borrower LLC
Term Loan B,
1-Month Term SOFR + 2.25%,
7.59% (D), 01/17/2031
239,400
239,400
Motion Finco SARL
Term Loan B,
3-Month Term SOFR + 3.50%,
8.83% (D), 11/12/2029
319,605
320,537
Ontario Gaming GTA LP
Term Loan B,
3-Month Term SOFR + 4.25%,
9.58% (D), 08/01/2030
239,015
239,712
PF Chang's China Bistro, Inc.
Term Loan B,
1-Month Term SOFR + 6.25%, 3-Month
Term SOFR + 6.25%,
11.65% (D), 03/01/2026
242,808
238,680
Scientific Games Holdings LP
Term Loan B,
3-Month Term SOFR + 3.00%,
8.32% (D), 04/04/2029
240,383
239,857
 
Principal
Value
LOAN ASSIGNMENTS (continued)
Hotels, Restaurants & Leisure (continued)
SeaWorld Parks & Entertainment, Inc.
Term Loan B,
1-Month Term SOFR + 2.50%,
7.84% (D), 08/25/2028
$  159,765
$  159,566
Travel & Leisure Co.
Term Loan B,
1-Month Term SOFR + 3.25%,
8.70% (D), 12/14/2029
228,782
229,545
Whatabrands LLC
Term Loan B,
1-Month Term SOFR + 2.75%,
8.09% (D), 08/03/2028
207,293
207,437
 
 
2,923,249
Household Durables - 0.2% 
AI Aqua Merger Sub, Inc.
1st Lien Term Loan B,
1-Month Term SOFR + 3.50%,
8.84% (D), 07/31/2028
318,943
319,740
Insurance - 0.7% 
Alliant Holdings Intermediate LLC
Term Loan B6,
1-Month Term SOFR + 3.50%,
8.85% (D), 11/06/2030
207,214
208,034
Howden Group Holdings Ltd.
Term Loan B,
1-Month Term SOFR + 3.50%,
8.84% (D), 02/15/2031
318,642
319,293
Sedgwick Claims Management Services,
Inc.
Term Loan B,
1-Month Term SOFR + 3.75%,
8.25% (D), 02/24/2028
239,056
239,131
Truist Insurance Holdings LLC
1st Lien Term Loan,
3-Month Term SOFR + 3.25%,
8.58% (D), 05/06/2031
208,731
209,079
 
 
975,537
Internet & Catalog Retail - 0.2% 
CNT Holdings I Corp.
Term Loan,
3-Month Term SOFR + 3.50%,
8.75% (D), 11/08/2027
318,257
319,363
IT Services - 1.0% 
Ahead DB Holdings LLC
Term Loan B,
3-Month Term SOFR + 4.25%,
9.58% (D), 02/01/2031
101,673
101,727
Amazon Holdco, Inc.
Term Loan B,
TBD, 07/30/2031 (F)(I)
183,317
183,775
Amentum Government Services
Holdings LLC
Term Loan,
1-Month Term SOFR + 4.00%,
9.35% (D), 02/15/2029
238,721
239,318
Indy US Bidco LLC
Term Loan B,
1-Month Term SOFR + 4.75%,
10.09% (D), 03/06/2028
286,598
284,807
Transamerica Funds
Page 12
Transamerica Unconstrained Bond
SCHEDULE OF INVESTMENTS (continued)
At July 31, 2024
(unaudited)
 
Principal
Value
LOAN ASSIGNMENTS (continued)
IT Services (continued)
Moneygram International, Inc
Term Loan B,
3-Month Term SOFR + 4.75%,
10.08% (D), 06/01/2030 (F)
$  322,865
$  319,434
Peraton Corp.
Term Loan B,
1-Month Term SOFR + 3.75%,
9.19% (D), 02/01/2028
319,660
319,527
 
 
1,448,588
Leisure Products - 0.3% 
Carnival Corp.
Term Loan B1,
1-Month Term SOFR + 2.75%,
8.09% (D), 10/18/2028
211,076
212,132
Recess Holdings, Inc.
Term Loan B,
3-Month Term SOFR + 4.50%,
9.75% (D), 02/20/2030
212,534
213,729
 
 
425,861
Machinery - 0.4% 
CD&R Hydra Buyer, Inc.
Term Loan B,
3-Month Term SOFR + 4.00%,
9.44% (D), 03/25/2031
237,980
238,773
TK Elevator US Newco, Inc.
Term Loan B,
6-Month Term SOFR + 3.50%,
8.59% (D), 04/30/2030
318,508
320,056
 
 
558,829
Media - 1.4% 
Arches Buyer, Inc.
Term Loan B,
1-Month Term SOFR + 3.25%,
8.69% (D), 12/06/2027
325,197
310,698
CSC Holdings LLC
Term Loan B5,
1-Month LIBOR + 2.50%,
7.94% (D), 04/15/2027
356,963
303,865
Sinclair Television Group, Inc.
Term Loan B4,
1-Month Term SOFR + 3.75%,
9.19% (D), 04/21/2029
350,709
246,724
United Talent Agency LLC
Term Loan B,
1-Month Term SOFR + 3.75%,
9.08% (D), 07/07/2028
151,578
152,147
Univision Communications, Inc.
1st Lien Term Loan B,
1-Month Term SOFR + 3.25%,
8.71% (D), 03/16/2026
152,351
152,182
UPC Financing Partnership
Term Loan AX,
1-Month Term SOFR + 3.00%,
8.44% (D), 01/31/2029
241,000
239,825
 
Principal
Value
LOAN ASSIGNMENTS (continued)
Media (continued)
Virgin Media Bristol LLC
Term Loan Y,
6-Month Term SOFR + 3.25%,
8.66% (D), 03/31/2031
$  326,000
$  310,515
Wood Mackenzie Ltd.
Term Loan B,
3-Month Term SOFR + 3.50%,
8.82% (D), 02/07/2031
318,556
319,850
 
 
2,035,806
Mortgage Real Estate Investment Trusts - 0.2% 
Apollo Commercial Real Estate Finance, Inc.
Term Loan B1,
1-Month Term SOFR + 3.50%,
8.96% (D), 03/11/2028
237,455
227,660
Oil, Gas & Consumable Fuels - 1.6% 
Atlas Sand Co. LLC
Term Loan,
5.00%, 01/31/2026 (J)(K)(L)(M)
1,215,715
1,118,458
CQP Holdco LP
Term Loan B,
3-Month Term SOFR + 2.25%,
7.58% (D), 12/31/2030
239,203
239,587
EG Group Ltd.
Term Loan B,
3-Month Term SOFR + 5.50%,
11.07% (D), 02/07/2028
321,039
318,631
M6 ETX Holdings II Midco LLC
Term Loan B,
1-Month Term SOFR + 4.50%,
9.94% (D), 09/19/2029
155,769
156,631
Medallion Midland Acquisition LLC
Term Loan,
3-Month Term SOFR + 3.50%,
8.84% (D), 10/18/2028
319,076
320,174
NGP XI Midstream Holdings LLC
Term Loan B,
2-Month Term SOFR + 4.00%,
9.28% (D), 07/25/2031
88,199
87,978
 
 
2,241,459
Passenger Airlines - 0.7% 
Air Canada
Term Loan B,
3-Month Term SOFR + 2.50%,
7.85% (D), 03/21/2031
170,748
170,791
American Airlines, Inc.
 
 
1st Lien Term Loan,
3-Month Term SOFR + 2.50%,
7.77% (D), 06/04/2029
56,540
56,215
Term Loan B,
1-Month Term SOFR + 2.75%,
8.19% (D), 02/15/2028
158,384
157,806
Term Loan,
3-Month Term SOFR + 4.75%,
10.29% (D), 04/20/2028
85,038
87,843
 
 
Transamerica Funds
Page 13
Transamerica Unconstrained Bond
SCHEDULE OF INVESTMENTS (continued)
At July 31, 2024
(unaudited)
 
Principal
Value
LOAN ASSIGNMENTS (continued)
Passenger Airlines (continued)
 
United Airlines, Inc.
Term Loan B,
3-Month Term SOFR + 2.75%,
8.03% (D), 02/22/2031
$  251,706
$  252,560
WestJet Loyalty LP
Term Loan B,
3-Month Term SOFR + 3.75%,
9.08% (D), 02/14/2031
319,427
319,587
 
 
1,044,802
Pharmaceuticals - 0.2% 
Endo Luxembourg Finance Co. I SARL
Term Loan B,
3-Month Term SOFR + 4.50%,
9.78% (D), 04/23/2031
286,260
286,856
Professional Services - 0.2% 
KUEHG Corp.
Term Loan B,
3-Month Term SOFR + 4.50%,
9.83% (D), 06/12/2030
238,949
239,864
Real Estate Management & Development - 0.2% 
Cushman & Wakefield US Borrower LLC
 
 
Term Loan B,
1-Month Term SOFR + 3.00%,
8.34% (D), 01/31/2030
102,372
102,244
Term Loan,
1-Month Term SOFR + 3.75%,
9.09% (D), 01/31/2030
161,506
161,910
 
 
264,154
Software - 1.9% 
Banff Merger Sub, Inc.
Term Loan B,
TBD, 07/03/2031 (F)(I)
145,773
145,062
Central Parent, Inc.
Term Loan B,
3-Month Term SOFR + 3.25%,
8.58% (D), 07/06/2029
219,601
217,283
Corel Corp.
Term Loan,
3-Month Term SOFR + 5.00%,
10.45% (D), 07/02/2026
319,483
319,183
Helios Software Holdings, Inc.
Term Loan,
3-Month Term SOFR + 3.75%,
9.08% (D), 07/18/2030
277,442
277,211
McAfee LLC
Term Loan B,
1-Month Term SOFR + 3.25%,
8.59% (D), 03/01/2029
320,471
319,750
Project Boost Purchaser LLC
Term Loan,
3-Month Term SOFR + 3.50%,
8.79% (D), 07/16/2031
319,170
319,455
Proofpoint, Inc.
Term Loan,
1-Month Term SOFR + 3.00%,
8.34% (D), 08/31/2028
238,937
239,567
 
Principal
Value
LOAN ASSIGNMENTS (continued)
Software (continued)
RealPage, Inc.
1st Lien Term Loan,
1-Month Term SOFR + 3.00%,
8.46% (D), 04/24/2028
$  329,503
$  320,704
Storable, Inc.
Term Loan B,
1-Month Term SOFR + 3.50%,
8.84% (D), 04/17/2028
239,771
240,371
UKG, Inc.
Term Loan B,
3-Month Term SOFR + 3.25%,
8.55% (D), 02/10/2031
320,653
321,532
 
 
2,720,118
Specialty Retail - 0.9% 
Mavis Tire Express Services Corp.
Term Loan B,
TBD, 05/04/2028 (I)
239,405
239,805
Peer Holding III BV
Term Loan B5,
3-Month Term SOFR + 3.00%,
8.31% (D), 06/20/2031
173,091
173,740
Petco Health & Wellness Co., Inc.
Term Loan B,
3-Month Term SOFR + 3.25%,
8.85% (D), 03/03/2028
368,078
339,460
Tory Burch LLC
Term Loan B,
1-Month Term SOFR + 3.25%,
8.71% (D), 04/16/2028
240,150
240,300
Wand NewCo 3, Inc.
1st Lien Term Loan B,
TBD, 08/30/2024 (I)
206,886
207,573
 
 
1,200,878
Textiles, Apparel & Luxury Goods - 0.6% 
ABG Intermediate Holdings 2 LLC
 
 
Delayed Draw Term Loan,
TBD, 12/21/2028 (F)(I)
15,627
15,667
Term Loan B,
1-Month Term SOFR + 2.75%,
8.09% (D), 12/21/2028
238,589
239,409
 
 
Varsity Brands LLC
Term Loan B,
TBD, 07/25/2031 (F)(I)
296,697
295,139
Varsity Brands, Inc.
Term Loan,
1-Month Term SOFR + 5.00%,
10.46% (D), 12/15/2026
238,959
250,682
 
 
800,897
Transamerica Funds
Page 14
Transamerica Unconstrained Bond
SCHEDULE OF INVESTMENTS (continued)
At July 31, 2024
(unaudited)
 
Principal
Value
LOAN ASSIGNMENTS (continued)
Wireless Telecommunication Services - 0.4% 
Altice France SA
Term Loan B14,
3-Month Term SOFR + 5.50%,
10.80% (D), 08/15/2028
$  364,329
$  276,526
CCI Buyer, Inc.
Term Loan,
3-Month Term SOFR + 4.00%,
9.33% (D), 12/17/2027
320,850
321,170
 
 
597,696
Total Loan Assignments
(Cost $32,357,219)
 
33,027,115
U.S. GOVERNMENT AGENCY OBLIGATIONS - 16.8% 
Federal Home Loan Mortgage Corp.
 
 
3.00%, 09/01/2052
2,054,280
1,789,464
5.50%, 08/01/2053
1,487,323
1,487,171
Federal National Mortgage Association
 
 
2.00%, 02/01/2052
879,589
706,425
2.50%, 02/01/2038 - 02/01/2052
18,259,867
16,089,408
5.00%, 03/01/2054
1,587,361
1,559,751
Government National Mortgage
Association
 
 
3.00%, 02/20/2052
2,226,418
1,982,038
Total U.S. Government Agency Obligations
(Cost $22,913,569)
23,614,257
ASSET-BACKED SECURITIES - 9.0% 
Bain Capital Credit CLO Ltd.
 
 
Series 2024-3A, Class A1,
3-Month Term SOFR + 1.48%,
6.72% (D), 07/16/2037 (A)
1,200,000
1,207,320
BlueMountain CLO XXV Ltd.
 
 
Series 2019-25A, Class CR,
3-Month Term SOFR + 2.51%,
7.81% (D), 07/15/2036 (A)
1,700,000
1,701,620
Columbia Cent CLO 33 Ltd.
 
 
Series 2024-33A, Class A1,
3-Month Term SOFR + 1.60%,
6.90% (D), 04/20/2037 (A)
2,100,000
2,109,213
TCW CLO Ltd.
 
 
Series 2021-2A, Class D,
3-Month Term SOFR + 3.51%,
8.80% (D), 07/25/2034 (A)
3,000,000
3,005,310
Trinitas CLO XIV Ltd.
 
 
Series 2020-14A, Class CR,
3-Month Term SOFR + 2.40%,
7.68% (D), 01/25/2034 (A)
3,000,000
3,002,766
Warwick Capital CLO 3 Ltd.
 
 
Series 2024-3A, Class A1,
3-Month Term SOFR + 1.65%,
6.97% (D), 04/20/2037 (A)
1,550,000
1,558,114
Total Asset-Backed Securities
(Cost $12,433,650)
12,584,343
 
 
Shares
Value
COMMON STOCKS - 1.8% 
Energy Equipment & Services - 0.2% 
Hi Crush Remainco (J)(K)(L)(N)
78
$  290,784
Machinery - 0.0% 
Ameriforge Group, Inc. (J)(K)(L)(N)(O)
2,679
0
Oil, Gas & Consumable Fuels - 1.6% 
Atlas Sand Co. LLC (N)
104,765
2,225,208
Total Common Stocks
(Cost $412,140)
 
2,515,992
 
 
Principal
Value
U.S. GOVERNMENT OBLIGATIONS - 1.4% 
U.S. Treasury - 1.4% 
U.S. Treasury Notes
 
 
2.38%, 04/30/2026
$  44,000
42,486
3.63%, 03/31/2028
91,000
89,614
3.75%, 06/30/2030
29,000
28,580
3.88%, 12/31/2029
117,000
116,145
4.00%, 01/31/2029 - 01/31/2031
15,000
14,978
4.25%, 06/30/2029
8,000
8,085
4.38%, 05/15/2034
1,013,000
1,034,843
4.50%, 05/31/2029 - 11/15/2033
220,100
226,677
4.63%, 04/30/2031
400,000
413,984
Total U.S. Government Obligations
(Cost $1,937,161)
 
1,975,392
 
 
Shares
Value
PREFERRED STOCKS - 1.4% 
Banks - 1.4% 
Customers Bancorp, Inc.,
5.38% (P)
68,496
1,383,619
Morgan Stanley,
Series Q, 6.63% (P)
20,000
517,200
 
 
1,900,819
Electric Utilities - 0.0% (G)
Brookfield Infrastructure Finance ULC,
7.25% (P)
1,000
25,250
Total Preferred Stocks
(Cost $2,237,194)
 
1,926,069
 
 
Principal
Value
FOREIGN GOVERNMENT OBLIGATIONS - 0.7% 
Canada - 0.0% (G)
Province of British Columbia
 
 
4.20%, 07/06/2033
$  25,000
24,434
Mexico - 0.1% 
Mexico Government International Bonds
 
 
6.34%, 05/04/2053
200,000
191,636
Pakistan - 0.5% 
Pakistan Government International Bonds
 
 
7.38%, 04/08/2031 (B)
825,000
654,844
Transamerica Funds
Page 15
Transamerica Unconstrained Bond
SCHEDULE OF INVESTMENTS (continued)
At July 31, 2024
(unaudited)
 
Principal
Value
FOREIGN GOVERNMENT OBLIGATIONS (continued)
Supranational - 0.1% 
Asian Development Bank
 
 
1.88%, 01/24/2030
$  44,000
$  39,248
European Bank for Reconstruction &
Development
 
 
1.50%, 02/13/2025
37,000
36,278
Inter-American Development Bank
 
 
4.00%, 01/12/2028
36,000
35,771
International Bank for Reconstruction &
Development
 
 
3.13%, 11/20/2025
29,000
28,446
 
 
139,743
Total Foreign Government Obligations
(Cost $1,025,522)
 
1,010,657
CONVERTIBLE BONDS - 0.3% 
Hotels, Restaurants & Leisure - 0.2% 
Wynn Macau Ltd.
4.50%, 03/07/2029 (A)
200,000
197,600
Internet & Catalog Retail - 0.1% 
PDD Holdings, Inc.
0.00%, 12/01/2025
200,000
193,877
Total Convertible Bonds
(Cost $397,417)
 
391,477
 
 
Shares
Value
SHORT-TERM INVESTMENT COMPANIES - 8.7% 
Money Market Funds - 8.7% 
State Street Institutional U.S. Government
Money Market Fund,
5.26% (P)
12,222,531
12,222,531
Total Short-Term Investment Companies
(Cost $12,222,531)
 
12,222,531
 
 
Principal
Value
SHORT-TERM U.S. GOVERNMENT OBLIGATION - 0.3% 
U.S. Treasury Bills
5.07% (P), 12/26/2024
$  400,000
$  391,958
Total Short-Term U.S. Government Obligation
(Cost $391,883)
391,958
 
 
Shares
Value
OTHER INVESTMENT COMPANY - 1.0% 
Securities Lending Collateral - 1.0% 
State Street Navigator Securities Lending
Trust - Government Money Market Portfolio,
5.26% (P)
1,335,643
1,335,643
Total Other Investment Company
(Cost $1,335,643)
1,335,643
Total Investments
(Cost $137,250,602)
140,453,174
Net Other Assets (Liabilities) - (0.2)%
(257,751)
Net Assets - 100.0%
 $  140,195,423
FUTURES CONTRACTS:
  
Long Futures Contracts 
Description
Number of
Contracts
Expiration
Date
Notional
Amount
Value
Unrealized
Appreciation
Unrealized
Depreciation
10-Year U.S. Treasury Ultra Notes
120
09/19/2024
$13,593,888
$13,869,375
$275,487
$—
30-Year U.S. Treasury Bonds
32
09/19/2024
3,738,830
3,865,000
126,170
—
U.S. Treasury Ultra Bonds
14
09/19/2024
1,711,723
1,791,563
79,840
—
Total Futures Contracts
$481,497
$—
Transamerica Funds
Page 16
Transamerica Unconstrained Bond
SCHEDULE OF INVESTMENTS (continued)
At July 31, 2024
(unaudited)
INVESTMENT VALUATION:
  
Valuation Inputs (Q)
 
 
 
 
 
Level 1 -
Unadjusted
Quoted Prices
Level 2 -
Other Significant
Observable Inputs
Level 3 -
Significant
Unobservable Inputs
Value
ASSETS
Investments
Corporate Debt Securities
$—
$49,457,740
$—
$49,457,740
Loan Assignments
—
31,908,657
1,118,458
33,027,115
U.S. Government Agency Obligations
—
23,614,257
—
23,614,257
Asset-Backed Securities
—
12,584,343
—
12,584,343
Common Stocks
2,225,208
—
290,784
2,515,992
U.S. Government Obligations
—
1,975,392
—
1,975,392
Preferred Stocks
1,926,069
—
—
1,926,069
Foreign Government Obligations
—
1,010,657
—
1,010,657
Convertible Bonds
—
391,477
—
391,477
Short-Term Investment Companies
12,222,531
—
—
12,222,531
Short-Term U.S. Government Obligation
—
391,958
—
391,958
Other Investment Company
1,335,643
—
—
1,335,643
Total Investments
$17,709,451
$121,334,481
$1,409,242
$140,453,174
Other Financial Instruments
Futures Contracts (R)
$481,497
$—
$—
$481,497
Total Other Financial Instruments
$481,497
$—
$—
$481,497
 
Level 3 Rollforward
Investments
Balance,
beginning at
October 31, 2023
Purchases
Sales
Accrued
Discounts
(Premiums)
Total
Realized
Gain (Loss)
Net Change in
Unrealized
Appreciation
(Depreciation)
Transfers
into
Level 3
Transfers
out
of Level 3
Ending
Balance at
July 31, 2024 (S)
Net Change in
Unrealized
Appreciation
(Depreciation)
on Investments
Held at
July 31, 2024
Common Stock
$4,974,840
$36,459
$(468,974
)
$—
$—
$(4,251,541
)
$—
$—
$290,784
$(4,251,541
)
Loan Assignment
—
147,920
—
164,783
—
805,755
—
—
1,118,458
805,755
 
$4,974,840
$184,379
$(468,974
)
$164,783
$—
$(3,445,786
)
$—
$—
$1,409,242
$(3,445,786
)
 
Quantitative Information About Significant Unobservable Inputs (Level 3)
Investments
Value at
July 31, 2024
Valuation
Technique
Unobservable Input
Used as of
July 31, 2024
Range of Input
Values
Weighted
Average of Input
Values
Common Stock
$ 290,784
Liquidation Approach
Valuation report commissioned by issuer
N/A
—
Loan Assignment
$ 1,118,458
Income
10.5% yield approximate to cost
N/A
—
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, 2024, the total value of 144A securities is $26,221,754, representing 18.7% of the
Fund's net assets.
(B)
Security exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside
the United States. Security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act of 1933. At July 31, 2024, the total value of the Regulation S securities is $23,374,695, representing
16.7% of the Fund's net assets.
(C)
Perpetual maturity. The date displayed is the next call date.
(D)
Floating or variable rate security. The rate disclosed is as of July 31, 2024. 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.
Transamerica Funds
Page 17
Transamerica Unconstrained Bond
SCHEDULE OF INVESTMENTS (continued)
At July 31, 2024
(unaudited)
FOOTNOTES TO SCHEDULE OF INVESTMENTS (continued):
(E)
All or a portion of the security is on loan. The total value of the securities on loan is $1,550,591, collateralized by cash collateral of $1,335,643 and
non-cash collateral, such as U.S. government securities and irrevocable letters of credit, of $247,430. The amount on loan indicated may not
correspond with the securities on loan identified because a security with pending sales are in the process of recall from the brokers.
(F)
When-issued, delayed-delivery and/or forward commitment (including TBAs) security. Security to be settled and delivered after July 31, 2024. Security
may display a coupon rate of 0.00%, as the rate is to be determined at time of settlement.
(G)
Percentage rounds to less than 0.1% or (0.1)%.
(H)
Step bond. Coupon rate changes in increments to maturity. The rate disclosed is as of July 31, 2024; the maturity date disclosed is the ultimate maturity
date.
(I)
All or a portion of the security represents an unsettled loan commitment at July 31, 2024 where the rate will be determined at time of settlement.
(J)
Security is Level 3 of the fair value hierarchy.
(K)
Fair valued as determined in good faith in accordance with TAM's procedures. At July 31, 2024, the total value of the securities is $1,409,242,
representing 1.0% of the Fund’s net assets.
(L)
Restricted security. At July 31, 2024, the total value of such securities held by the Fund is as follows:
 
Investments
Description
Acquisition
Date
Acquisition
Cost
Value
Value as
Percentage of
Net Assets
Common Stocks
Ameriforge Group, Inc.
04/20/2016 - 05/13/2016
$91,268
$0
0.0
%(G)
Common Stocks
Hi Crush Remainco
10/08/2020 - 11/02/2021
473,091
290,784
0.2
Loan Assignments
Atlas Sand Co. LLC
Term Loan, 5.00%,
01/31/2026
10/08/2020
147,919
1,118,458
0.8
 
 
 
$712,278
$1,409,242
1.0
%
 
(M)
Fixed rate loan commitment at July 31, 2024.
(N)
Non-income producing security.
(O)
Security deemed worthless.
(P)
Rate disclosed reflects the yield at July 31, 2024.
(Q)
There were no transfers in or out of Level 3 during the period ended July 31, 2024. Please reference the Investment Valuation section of the Notes to
Schedule of Investments for more information regarding investment valuation and pricing inputs.
(R)
Derivative instruments are valued at unrealized appreciation (depreciation).
(S)
Total value of Level 3 securities is 1.0% of the Fund’s net assets.
PORTFOLIO ABBREVIATION(S): 
JSC
Joint Stock Company
LIBOR
London Interbank Offered Rate
MTN
Medium Term Note
Prime Rate
Interest rate charged by banks to their most credit worthy customers
REIT
Real Estate Investment Trust
SOFR
Secured Overnight Financing Rate
TBD
To Be Determined
Transamerica Funds
Page 18
Transamerica Unconstrained Bond
NOTES TO SCHEDULE OF INVESTMENTS
At July 31, 2024
(unaudited)
INVESTMENT VALUATION
Transamerica Unconstrained Bond (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 and derivative instruments.
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, 2024, 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:
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.
Convertible bonds: The fair value of convertible bonds is estimated using various techniques, which consider recently executed transactions in securities of the issuer or comparable issuers, broker price quotations (where observable), and models incorporating benchmark curves, underlying stock data, and foreign exchange rates. While most convertible bonds 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.
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
Transamerica Funds
Page 19
Transamerica Unconstrained Bond
NOTES TO SCHEDULE OF INVESTMENTS (continued)
At July 31, 2024
(unaudited)
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.
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.
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.
Investment companies: Certain investment companies are valued at the NAV as the practical expedient. These investment companies are not included within the fair value hierarchy. Certain other investment companies are valued at the actively traded NAV and no valuation adjustments are applied. These investment companies are categorized in Level 1 of the fair value hierarchy.
Loan assignments: Loan assignments are normally valued using an income approach, which projects future cash flows and converts those future cash flows to a present value using a discount rate. The resulting present value reflects the likely fair value of the loan. To the extent the inputs are observable and timely, the values would generally be categorized in Level 2 of the fair value hierarchy; otherwise 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.
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.
Restricted securities: Restricted securities for which quotations are not readily available are valued at fair value. Restricted securities issued by publicly traded companies are generally valued at a discount to similar publicly traded securities. Restricted securities issued by nonpublic entities may be valued by reference to comparable public entities and/or fundamental data relating to the issuer. Depending on the relative significance of observable valuation inputs, these instruments may be classified in either Level 2 or Level 3 of the fair value hierarchy.
Transamerica Funds
Page 20
Transamerica Unconstrained Bond
NOTES TO SCHEDULE OF INVESTMENTS (continued)
At July 31, 2024
(unaudited)
Derivative instruments: Centrally cleared or listed derivatives that are actively traded are valued based on quoted prices from the exchange and are categorized in Level 1 of the fair value hierarchy. Over-the-counter ("OTC") derivative contracts include forward, swap, swaption, and option contracts related to interest rates, foreign currencies, credit standing of reference entities, equity prices, or commodity prices. Depending on the product and the terms of the transaction, the fair value of the OTC derivative products are modeled taking into account the counterparties' creditworthiness and using a series of techniques, including simulation models. Many pricing models do not entail material subjectivity because the methodologies employed do not necessitate significant judgments and the pricing inputs are observed from actively quoted markets, as is the case of interest rate swap and option contracts. The majority of OTC derivative products valued by the Fund using pricing models fall into this category and are categorized within Level 2 of the fair value hierarchy or Level 3 if inputs are unobservable.
Transamerica Funds
Page 21