Principal Value CORPORATE DEBT SECURITIES - 92.5% Aerospace & Defense - 1.3% TransDigm, Inc. Triumph Group, Inc. Automobile Components - 2.8% Clarios Global LP Clarios Global LP/Clarios US Finance Co. Dana Financing Luxembourg SARL Dana, Inc. Goodyear...

Transamerica High Yield Bond

SCHEDULE OF INVESTMENTS

At January 31, 2024

(unaudited)

		Principal				Value
CORPORATE DEBT SECURITIES - 92.5%
Aerospace & Defense - 1.3%
TransDigm, Inc.
4.88%, 05/01/2029			$ 7,340,000				$ 6,859,218
5.50%, 11/15/2027			3,158,000				3,088,051
6.88%, 12/15/2030 (A)			3,089,000				3,166,343
7.13%, 12/01/2031 (A)			836,000				871,665
Triumph Group, Inc.
7.75%, 08/15/2025 (B)			2,660,000				2,661,663
9.00%, 03/15/2028 (A)			6,042,000				6,374,654
							23,021,594
Automobile Components - 2.8%
Clarios Global LP
6.75%, 05/15/2025 (A)			1,881,000				1,880,164
Clarios Global LP/Clarios US Finance Co.
6.25%, 05/15/2026 (A)			4,886,000				4,877,156
6.75%, 05/15/2028 (A)			2,187,000				2,216,021
8.50%, 05/15/2027 (A)			5,527,000				5,548,417
Xxxx Financing Luxembourg SARL
5.75%, 04/15/2025 (A)			3,572,000				3,560,748
Xxxx, Inc.
4.25%, 09/01/2030			224,000				195,859
4.50%, 02/15/2032			3,422,000				2,942,099
5.38%, 11/15/2027			3,051,000				2,977,471
5.63%, 06/15/2028 (B)			1,580,000				1,528,858
Goodyear Tire & Rubber Co.
4.88%, 03/15/2027 (B)			2,303,000				2,223,648
5.00%, 05/31/2026			3,153,000				3,092,697
5.00%, 07/15/2029 (B)			2,932,000				2,742,502
9.50%, 05/31/2025			5,459,000				5,541,977
ZF North America Capital, Inc.
4.75%, 04/29/2025 (A)			4,650,000				4,578,814
6.88%, 04/14/2028 (A)			3,142,000				3,236,586
7.13%, 04/14/2030 (A)			2,016,000				2,126,838
							49,269,855
Automobiles - 1.8%
Ford Motor Co.
6.10%, 08/19/2032			849,000				849,007
Ford Motor Credit Co. LLC
2.70%, 08/10/2026			1,636,000				1,520,508
3.38%, 11/13/2025			3,066,000				2,942,448
4.00%, 11/13/2030			4,118,000				3,673,645
4.39%, 01/08/2026			6,119,000				5,963,741
4.95%, 05/28/2027			1,741,000				1,703,169
5.13%, 06/16/2025			1,398,000				1,386,019
6.95%, 03/06/2026			3,381,000				3,458,381
7.35%, 11/04/2027 - 03/06/2030			10,150,000				10,767,986
							32,264,904
Banks - 2.5%
Barclays PLC
Fixed until 11/02/2025, 7.33% (C), 11/02/2026			5,028,000				5,191,189
Citigroup, Inc.
Fixed until 12/10/2025 (D), 4.00% (C)			1,351,000				1,262,241
Fixed until 09/12/2024 (D), 5.00% (B) (C)			7,285,000				7,180,329
Deutsche Bank AG
Fixed until 10/14/2030, 3.73% (C), 01/14/2032			2,552,000				2,140,633
Fixed until 10/30/2025 (D), 6.00% (C)			1,400,000				1,267,602
Fixed until 11/10/2032, 7.08% (C), 02/10/2034			3,935,000				4,011,656

		Principal				Value
CORPORATE DEBT SECURITIES (continued)
Banks (continued)
Intesa Sanpaolo SpA
Fixed until 06/01/2031, 4.20% (C), 06/01/2032 (A)			$  5,148,000				$  4,259,167
5.71%, 01/15/2026 (A)			4,247,000				4,232,778
7.00%, 11/21/2025 (A)			918,000				940,152
Fixed until 06/20/2053, 7.78% (C), 06/20/2054 (A)			1,000,000				1,023,294
Fixed until 11/21/2032, 8.25% (C), 11/21/2033 (A)			2,997,000				3,283,342
JPMorgan Chase & Co.
Fixed until 02/01/2025 (D), 4.60% (C)			5,397,000				5,261,235
Lloyds Banking Group PLC
Fixed until 06/27/2024 (D), 7.50% (C)			2,830,000				2,802,758
Fixed until 08/15/2032, 7.95% (C), 11/15/2033			1,400,000				1,584,061
							44,440,437
Beverages - 0.5%
Primo Water Holdings, Inc.
4.38%, 04/30/2029 (A)			9,880,000				8,992,672
Building Products - 1.7%
Boise Cascade Co.
4.88%, 07/01/2030 (A)			7,763,000				7,199,943
Builders FirstSource, Inc.
4.25%, 02/01/2032 (A)			7,618,000				6,845,198
5.00%, 03/01/2030 (A)			1,455,000				1,395,035
6.38%, 06/15/2032 (A)			4,001,000				4,079,656
Camelot Return Merger Sub, Inc.
8.75%, 08/01/2028 (A)			4,881,000				5,002,261
Cornerstone Building Brands, Inc.
6.13%, 01/15/2029 (A)			6,056,000				5,374,700
							29,896,793
Capital Markets - 0.3%
LPL Holdings, Inc.
4.00%, 03/15/2029 (A)			4,744,000				4,372,335
4.63%, 11/15/2027 (A)			862,000				829,838
							5,202,173
Chemicals - 1.7%
ASP Unifrax Holdings, Inc.
5.25%, 09/30/2028 (A)			2,406,000				1,585,532
Avient Corp.
7.13%, 08/01/2030 (A)			1,820,000				1,866,732
Eagle Intermediate Global Holding BV/Eagle US Finance LLC
7.50%, 05/01/2025 (A) (B)			7,289,000				4,841,375
NOVA Chemicals Corp.
4.25%, 05/15/2029 (A)			2,304,000				1,938,159
4.88%, 06/01/2024 (A)			1,589,000				1,576,250
5.25%, 06/01/2027 (A)			8,969,000				8,327,723
Xxxx Corp.
5.00%, 02/01/2030 (B)			3,224,000				3,053,999
5.13%, 09/15/2027			2,530,000				2,454,165
5.63%, 08/01/2029			2,971,000				2,911,092
Trinseo Materials Operating SCA/Trinseo Materials Finance, Inc.
5.13%, 04/01/2029 (A)			4,359,000				1,700,794
							30,255,821

Transamerica Funds Page 1

Transamerica High Yield Bond

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2024

(unaudited)

		Principal				Value
CORPORATE DEBT SECURITIES (continued)
Commercial Services & Supplies - 3.8%
Avis Budget Car Rental LLC/Avis Budget Finance, Inc.
5.75%, 07/15/2027 (A) (B)			$  5,099,000				$  4,948,971
8.00%, 02/15/2031 (A)			6,140,000				6,127,206
Benteler International AG
10.50%, 05/15/2028 (A) (B)			4,771,000				5,102,584
Covanta Holding Corp.
4.88%, 12/01/2029 (A)			3,270,000				2,842,587
5.00%, 09/01/2030			2,988,000				2,554,011
Garda World Security Corp.
6.00%, 06/01/2029 (A)			3,770,000				3,310,803
9.50%, 11/01/2027 (A)			2,315,000				2,321,014
GFL Environmental, Inc.
6.75%, 01/15/2031 (A)			2,420,000				2,474,334
Herc Holdings, Inc.
5.50%, 07/15/2027 (A)			11,060,000				10,852,404
Hertz Corp.
4.63%, 12/01/2026 (A)			593,000				534,073
5.00%, 12/01/2029 (A)			9,182,000				7,321,177
Stericycle, Inc.
5.38%, 07/15/2024 (A)			4,184,000				4,168,310
United Rentals North America, Inc.
3.75%, 01/15/2032			2,679,000				2,352,586
4.00%, 07/15/2030			3,783,000				3,459,060
6.00%, 12/15/2029 (A)			4,888,000				4,952,898
WW International, Inc.
4.50%, 04/15/2029 (A)			8,041,000				3,859,680
							67,181,698
Communications Equipment - 0.4%
CommScope, Inc.
4.75%, 09/01/2029 (A)			5,888,000				3,914,154
6.00%, 03/01/2026 (A)			2,419,000				2,095,290
8.25%, 03/01/2027 (A)			3,879,000				1,753,754
							7,763,198
Construction & Engineering - 1.5%
Abengoa Abenewco 2 SA
1.50%, 10/26/2024 (A) (E) (F) (G)			2,054,420				10,272
1.50%, 10/26/2024 (A) (E) (F) (G) (H) (I) (J)			2,038,962				0
Xxxxxx Xxxxx USA LLC/Xxxxxx Xxxxx Finance Co.
4.63%, 08/01/2029 - 04/01/2030 (A)			3,195,000				2,885,183
6.63%, 01/15/2028 (A)			6,039,000				5,975,592
Beazer Homes USA, Inc.
5.88%, 10/15/2027			2,476,000				2,411,649
6.75%, 03/15/2025			6,011,000				6,007,694
7.25%, 10/15/2029			4,896,000				4,917,439
KB Home
7.25%, 07/15/2030			2,128,000				2,186,695
Meritage Homes Corp.
5.13%, 06/06/2027			1,221,000				1,198,113
6.00%, 06/01/2025			1,376,000				1,372,753
							26,965,390
Construction Materials - 1.1%
Smyrna Ready Mix Concrete LLC
6.00%, 11/01/2028 (A)			6,970,000				6,800,921
8.88%, 11/15/2031 (A)			11,000,000				11,554,466
Summit Materials LLC/Summit Materials Finance Corp.
7.25%, 01/15/2031 (A)			1,455,000				1,512,828
							19,868,215

		Principal				Value
CORPORATE DEBT SECURITIES (continued)
Consumer Staples Distribution & Retail - 1.0%
Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP
3.25%, 03/15/2026 (A)			$  1,240,000				$  1,177,737
3.50%, 03/15/2029 (A)			4,871,000				4,400,958
4.63%, 01/15/2027 (A)			6,888,000				6,691,370
6.50%, 02/15/2028 (A)			5,098,000				5,160,741
7.50%, 03/15/2026 (A)			1,067,000				1,087,324
							18,518,130
Containers & Packaging - 6.0%
ARD Finance SA
PIK Rate 7.25%, Cash Rate 6.50%, 06/30/2027 (A) (G)			3,332,216				1,610,093
Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC
3.25%, 09/01/2028 (A)			4,240,000				3,705,221
4.00%, 09/01/2029 (A) (B)			7,457,000				6,043,012
6.00%, 06/15/2027 (A) (B)			947,000				936,589
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc.
5.25%, 08/15/2027 (A) (B)			5,269,000				3,940,278
Ball Corp.
2.88%, 08/15/2030			9,642,000				8,218,371
6.00%, 06/15/2029			736,000				743,302
6.88%, 03/15/2028			7,503,000				7,752,932
Cascades, Inc./Cascades USA, Inc.
5.13%, 01/15/2026 (A) (B)			2,189,000				2,150,692
5.38%, 01/15/2028 (A)			2,675,000				2,616,134
Clydesdale Acquisition Holdings, Inc.
6.63%, 04/15/2029 (A)			6,780,000				6,746,145
Crown Americas LLC/Crown Americas Capital Corp. VI
4.75%, 02/01/2026			11,677,000				11,493,287
Graphic Packaging International LLC
3.50%, 03/15/2028 - 03/01/2029 (A)			6,853,000				6,288,853
3.75%, 02/01/2030 (A)			2,945,000				2,631,254
4.13%, 08/15/2024			2,036,000				2,015,564
Mauser Packaging Solutions Holding Co.
7.88%, 08/15/2026 (A)			3,042,000				3,077,488
9.25%, 04/15/2027 (A) (B)			1,009,000				973,924
OI European Group BV
4.75%, 02/15/2030 (A)			2,197,000				2,033,324
Xxxxx-Xxxxxxxx Glass Container, Inc.
6.38%, 08/15/2025 (A)			1,400,000				1,397,145
7.25%, 05/15/2031 (A)			2,867,000				2,902,837
Pactiv Evergreen Group Issuer LLC/Pactiv Evergreen Group Issuer, Inc.
4.38%, 10/15/2028 (A)			255,000				237,915
Pactiv Evergreen Group Issuer, Inc./Pactiv Evergreen Group Issuer LLC
4.00%, 10/15/2027 (A)			8,042,000				7,499,165
Sealed Air Corp.
5.50%, 09/15/2025 (A)			865,000				866,168
6.88%, 07/15/2033 (A)			6,113,000				6,378,860
Sealed Air Corp./Sealed Air Corp. US
6.13%, 02/01/2028 (A)			2,263,000				2,272,973
7.25%, 02/15/2031 (A) (B)			3,669,000				3,835,451
Trivium Packaging Finance BV
5.50%, 08/15/2026 (A)			5,992,000				5,846,731
8.50%, 08/15/2027 (A) (B)			2,419,000				2,365,465
							106,579,173

Transamerica Funds Page 2

Transamerica High Yield Bond

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2024

(unaudited)

		Principal				Value
CORPORATE DEBT SECURITIES (continued)
Diversified REITs - 1.5%
HAT Holdings I LLC/HAT Holdings II LLC
3.38%, 06/15/2026 (A)			$  6,819,000				$  6,363,453
6.00%, 04/15/2025 (A)			1,297,000				1,285,944
8.00%, 06/15/2027 (A)			3,197,000				3,306,529
Iron Mountain Information Management Services, Inc.
5.00%, 07/15/2032 (A)			3,660,000				3,301,160
SBA Communications Corp.
3.13%, 02/01/2029			4,941,000				4,403,722
3.88%, 02/15/2027			2,527,000				2,412,399
VICI Properties LP/VICI Note Co., Inc.
3.88%, 02/15/2029 (A)			2,448,000				2,253,917
4.63%, 06/15/2025 (A)			1,508,000				1,485,259
5.75%, 02/01/2027 (A)			2,194,000				2,202,568
							27,014,951
Diversified Telecommunication Services - 1.4%
Iliad Holding SASU
6.50%, 10/15/2026 (A)			3,021,000				2,970,516
7.00%, 10/15/2028 (A)			4,021,000				3,985,458
Level 3 Financing, Inc.
3.63%, 01/15/2029 (A)			4,524,000				1,334,580
3.75%, 07/15/2029 (A)			7,153,000				2,038,605
4.25%, 07/01/2028 (A)			5,829,000				1,952,715
10.50%, 05/15/2030 (A) (B)			7,207,000				7,170,965
Telecom Italia Capital SA
6.00%, 09/30/2034			2,724,000				2,553,362
6.38%, 11/15/2033			3,223,000				3,124,148
							25,130,349
Electric Utilities - 0.4%
Xxxxxx Energy LLC
8.16%, 07/05/2026			834,271				715,388
Vistra Operations Co. LLC
4.38%, 05/01/2029 (A)			1,865,000				1,725,195
5.00%, 07/31/2027 (A)			4,312,000				4,175,152
5.63%, 02/15/2027 (A)			630,000				621,380
							7,237,115
Electrical Equipment - 0.6%
Energizer Holdings, Inc.
4.38%, 03/31/2029 (A)			3,419,000				3,094,913
6.50%, 12/31/2027 (A)			6,816,000				6,784,987
							9,879,900
Electronic Equipment, Instruments & Components - 0.3%
Sensata Technologies BV
4.00%, 04/15/2029 (A)			3,040,000				2,780,886
Sensata Technologies, Inc.
3.75%, 02/15/2031 (A)			667,000				580,311
4.38%, 02/15/2030 (A)			1,907,000				1,757,758
							5,118,955
Energy Equipment & Services - 1.2%
Archrock Partners LP/Archrock Partners Finance Corp.
6.25%, 04/01/2028 (A) (B)			5,145,000				5,067,825
CSI Compressco LP/CSI Compressco Finance, Inc.
7.50%, 04/01/2025 (A)			4,790,000				4,790,000
PIK Rate 3.50%, Cash Rate 10.00%, 04/01/2026 (A) (G)			3,997,963				4,182,869

		Principal				Value
CORPORATE DEBT SECURITIES (continued)
Energy Equipment & Services (continued)
Sunnova Energy Corp.
11.75%, 10/01/2028 (A) (B)			$  7,609,000				$  6,589,124
							20,629,818
Financial Services - 1.9%
Ally Financial, Inc.
Fixed until 06/13/2028, 6.99% (C), 06/13/2029			5,603,000				5,800,203
ILFC E-Capital Trust I
3-Month Term SOFR + 1.81%, 7.19% (C), 12/21/2065 (A)			17,977,000				13,886,569
ILFC E-Capital Trust II
3-Month Term SOFR + 2.06%, 7.44% (C), 12/21/2065 (A)			3,354,000				2,646,206
Macquarie Airfinance Holdings Ltd.
8.13%, 03/30/2029 (A)			6,530,000				6,789,849
United Wholesale Mortgage LLC
5.50%, 04/15/2029 (A)			1,428,000				1,348,653
5.75%, 06/15/2027 (A)			3,595,000				3,527,876
							33,999,356
Food Products - 1.6%
Chobani LLC/Chobani Finance Corp., Inc.
7.63%, 07/01/2029 (A)			3,510,000				3,550,865
Darling Ingredients, Inc.
5.25%, 04/15/2027 (A)			600,000				589,572
6.00%, 06/15/2030 (A)			1,844,000				1,833,060
Xxxxx Xxxxx Foods Co.
5.00%, 06/04/2042			1,959,000				1,871,128
6.88%, 01/26/2039			1,374,000				1,594,526
Pilgrim’s Pride Corp.
3.50%, 03/01/2032			4,170,000				3,524,394
Post Holdings, Inc.
4.50%, 09/15/2031 (A)			2,950,000				2,650,262
4.63%, 04/15/2030 (A)			3,632,000				3,340,479
5.50%, 12/15/2029 (A)			8,718,000				8,427,165
5.63%, 01/15/2028 (A)			1,347,000				1,325,524
							28,706,975
Health Care Equipment & Supplies - 0.6%
Kedrion SpA
6.50%, 09/01/2029 (A) (B)			4,887,000				4,361,647
Medline Borrower LP
3.88%, 04/01/2029 (A)			7,027,000				6,353,524
							10,715,171
Health Care Providers & Services - 5.3%
Acadia Healthcare Co., Inc.
5.00%, 04/15/2029 (A)			6,757,000				6,444,489
AdaptHealth LLC
4.63%, 08/01/2029 (A)			705,000				553,468
5.13%, 03/01/2030 (A)			1,284,000				1,007,940
6.13%, 08/01/2028 (A)			6,454,000				5,650,348
CHS/Community Health Systems, Inc.
5.25%, 05/15/2030 (A)			6,375,000				5,275,867
6.88%, 04/15/2029 (A)			674,000				458,320
8.00%, 03/15/2026 (A)			2,627,000				2,608,404
DaVita, Inc.
3.75%, 02/15/2031 (A)			8,411,000				6,934,357
4.63%, 06/01/2030 (A)			5,473,000				4,842,745

Transamerica Funds Page 3

Transamerica High Yield Bond

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2024

(unaudited)

		Principal				Value
CORPORATE DEBT SECURITIES (continued)
Health Care Providers & Services (continued)
Encompass Health Corp.
4.50%, 02/01/2028			$  5,334,000				$  5,094,794
4.63%, 04/01/2031			638,000				586,138
4.75%, 02/01/2030			1,802,000				1,699,749
5.75%, 09/15/2025			5,224,000				5,190,853
HCA, Inc.
5.38%, 02/01/2025			3,103,000				3,100,139
5.88%, 02/15/2026 - 02/01/2029			4,331,000				4,391,016
7.50%, 11/06/2033			441,000				496,726
Heartland Dental LLC/Heartland Dental Finance Corp.
10.50%, 04/30/2028 (A)			4,211,000				4,433,004
Xxxxxx Healthcare, Inc.
4.38%, 06/15/2028 (A)			6,021,000				5,642,610
Xxxxx Healthcare Corp.
4.25%, 06/01/2029			5,086,000				4,721,681
4.88%, 01/01/2026			4,401,000				4,359,062
5.13%, 11/01/2027			5,698,000				5,562,961
6.13%, 10/01/2028 (B)			6,816,000				6,781,920
6.13%, 06/15/2030			3,193,000				3,195,762
6.25%, 02/01/2027			4,183,000				4,172,142
							93,204,495
Health Care REITs - 0.2%
MPT Operating Partnership LP/MPT Finance Corp.
3.50%, 03/15/2031			5,743,000				3,519,376
Hotel & Resort REITs - 0.5%
Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance Co-Issuer
5.88%, 10/01/2028 (A)			3,062,000				2,981,623
7.50%, 06/01/2025 (A)			5,523,000				5,544,450
							8,526,073
Hotels, Restaurants & Leisure - 10.4%
1011778 BC ULC/New Red Finance, Inc.
3.88%, 01/15/2028 (A)			2,072,000				1,951,111
4.00%, 10/15/2030 (A)			3,274,000				2,924,951
Boyne USA, Inc.
4.75%, 05/15/2029 (A)			7,857,000				7,164,377
Caesars Entertainment, Inc.
6.25%, 07/01/2025 (A) (K)			9,891,000				9,939,130
6.50%, 02/15/2032 (A) (L)			2,300,000				2,327,207
7.00%, 02/15/2030 (A)			2,273,000				2,341,733
Carnival Corp.
6.00%, 05/01/2029 (A)			8,030,000				7,780,080
7.00%, 08/15/2029 (A)			590,000				613,584
7.63%, 03/01/2026 (A) (B)			1,588,000				1,613,356
10.50%, 06/01/2030 (A)			4,563,000				5,010,183
Carnival Holdings Bermuda Ltd.
10.38%, 05/01/2028 (A)			2,068,000				2,267,105
Xxxxxxxxx Xxxxx, Inc.
5.75%, 04/01/2030 (A)			7,822,000				7,549,784
6.75%, 05/01/2031 (A)			2,906,000				2,947,344
Hilton Domestic Operating Co., Inc.
4.88%, 01/15/2030			3,842,000				3,703,599
5.38%, 05/01/2025 (A)			420,000				418,524
5.75%, 05/01/2028 (A)			493,000				493,612
Hilton Grand Vacations Borrower Escrow LLC/Hilton Grand Vacations Borrower Escrow, Inc.
4.88%, 07/01/2031 (A)			6,167,000				5,468,901
5.00%, 06/01/2029 (A)			2,959,000				2,734,405

		Principal				Value
CORPORATE DEBT SECURITIES (continued)
Hotels, Restaurants & Leisure (continued)
International Game Technology PLC
4.13%, 04/15/2026 (A)			$  1,429,000				$  1,383,270
5.25%, 01/15/2029 (A)			1,938,000				1,891,438
6.25%, 01/15/2027 (A)			1,213,000				1,222,510
6.50%, 02/15/2025 (A)			3,025,000				3,036,891
Light & Wonder International, Inc.
7.00%, 05/15/2028 (A)			4,484,000				4,522,204
MGM Resorts International
4.63%, 09/01/2026			942,000				915,483
4.75%, 10/15/2028			2,858,000				2,707,999
5.50%, 04/15/2027			8,544,000				8,453,193
5.75%, 06/15/2025 (B)			5,440,000				5,443,150
6.75%, 05/01/2025			2,345,000				2,350,811
NCL Corp. Ltd.
5.88%, 03/15/2026 - 02/15/2027 (A)			10,538,000				10,310,867
8.13%, 01/15/2029 (A)			2,558,000				2,685,156
Royal Caribbean Cruises Ltd.
5.38%, 07/15/2027 (A)			3,365,000				3,311,235
5.50%, 04/01/2028 (A)			2,984,000				2,946,383
8.25%, 01/15/2029 (A)			1,780,000				1,892,665
11.63%, 08/15/2027 (A)			11,642,000				12,671,086
Scientific Games Holdings LP/Scientific Games US XxxXx, Inc.
6.63%, 03/01/2030 (A)			4,540,000				4,267,600
Station Casinos LLC
4.50%, 02/15/2028 (A)			11,119,000				10,450,942
Travel & Leisure Co.
4.50%, 12/01/2029 (A)			4,912,000				4,481,684
5.65%, 04/01/2024			4,162,000				4,153,093
6.00%, 04/01/2027			4,976,000				4,977,164
6.60%, 10/01/2025			702,000				710,922
Viking Cruises Ltd.
5.88%, 09/15/2027 (A)			9,333,000				9,037,984
7.00%, 02/15/2029 (A)			3,156,000				3,148,110
9.13%, 07/15/2031 (A)			2,792,000				2,987,440
Xxxx Resorts Finance LLC/Xxxx Resorts Capital Corp.
7.13%, 02/15/2031 (A) (B)			5,951,000				6,137,058
							183,345,324
Household Products - 0.2%
Central Garden & Pet Co.
4.13%, 04/30/2031 (A)			4,816,000				4,255,807
Independent Power & Renewable Electricity Producers - 1.4%
Calpine Corp.
3.75%, 03/01/2031 (A)			3,831,000				3,342,089
4.50%, 02/15/2028 (A)			3,987,000				3,789,161
5.00%, 02/01/2031 (A)			1,198,000				1,086,949
5.13%, 03/15/2028 (A)			2,984,000				2,863,737
5.25%, 06/01/2026 (A)			5,095,000				5,013,718
Clearway Energy Operating LLC
3.75%, 02/15/2031 (A)			2,685,000				2,327,554
4.75%, 03/15/2028 (A)			3,474,000				3,307,653
NRG Energy, Inc.
3.38%, 02/15/2029 (A)			1,599,000				1,413,844
3.88%, 02/15/2032 (A)			175,000				147,875
5.75%, 01/15/2028 (B)			1,739,000				1,721,159
							25,013,739
Insurance - 1.8%
Constellation Insurance, Inc.
6.80%, 01/24/2030 (A)			8,673,000				8,587,519
Global Atlantic Finance Co.
Fixed until 07/15/2026, 4.70% (C), 10/15/2051 (A)			4,861,000				4,327,437
7.95%, 06/15/2033 (A)			3,953,000				4,387,945

Transamerica Funds Page 4

Transamerica High Yield Bond

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2024

(unaudited)

		Principal				Value
CORPORATE DEBT SECURITIES (continued)
Insurance (continued)
Hartford Financial Services Group, Inc.
3-Month Term SOFR + 2.39%, 7.77% (C), 02/12/2067 (A)			$  6,715,000				$  5,805,620
HUB International Ltd.
7.25%, 06/15/2030 (A)			2,525,000				2,607,523
7.38%, 01/31/2032 (A)			1,430,000				1,466,463
Lincoln National Corp.
3-Month Term SOFR + 2.62%, 7.99% (C), 05/17/2066			6,952,000				5,265,236
							32,447,743
Internet & Catalog Retail - 0.9%
Uber Technologies, Inc.
4.50%, 08/15/2029 (A)			3,022,000				2,860,445
7.50%, 09/15/2027 (A)			4,738,000				4,841,426
8.00%, 11/01/2026 (A)			7,512,000				7,648,951
							15,350,822
IT Services - 0.4%
Conduent Business Services LLC/Conduent State & Local Solutions, Inc.
6.00%, 11/01/2029 (A)			7,002,000				6,410,611
Machinery - 1.7%
Advanced Drainage Systems, Inc.
5.00%, 09/30/2027 (A)			1,281,000				1,235,256
6.38%, 06/15/2030 (A)			1,681,000				1,694,919
Chart Industries, Inc.
7.50%, 01/01/2030 (A)			6,553,000				6,744,171
GrafTech Global Enterprises, Inc.
9.88%, 12/15/2028 (A) (B)			1,567,000				1,170,954
Madison IAQ LLC
4.13%, 06/30/2028 (A)			3,229,000				2,967,280
5.88%, 06/30/2029 (A)			3,264,000				2,905,488
SPX Flow, Inc.
8.75%, 04/01/2030 (A) (B)			7,955,000				7,833,534
Wabash National Corp.
4.50%, 10/15/2028 (A)			6,449,000				5,858,289
							30,409,891
Media - 8.8%
Adelphia Communications Corp.
9.25%, 10/01/2049 (E) (F) (H) (I)			1,305,000				91
10.25%, 06/15/2049 - 11/01/2049 (F) (H) (I) (M)			1,460,000				102
CCO Holdings LLC/CCO Holdings Capital Corp.
4.25%, 02/01/2031 - 01/15/2034 (A)			7,045,000				5,747,581
4.50%, 08/15/2030 (A)			4,451,000				3,867,950
4.50%, 05/01/2032			6,225,000				5,199,103
4.75%, 03/01/2030 - 02/01/2032 (A)			10,583,000				9,230,456
5.00%, 02/01/2028 (A)			4,251,000				4,013,367
5.38%, 06/01/2029 (A)			1,794,000				1,676,358
5.50%, 05/01/2026 (A)			1,500,000				1,486,191
Clear Channel Outdoor Holdings, Inc.
7.50%, 06/01/2029 (A) (B)			894,000				742,539
7.75%, 04/15/2028 (A) (B)			1,123,000				974,824
9.00%, 09/15/2028 (A)			4,740,000				4,934,340
CSC Holdings LLC
4.50%, 11/15/2031 (A)			3,586,000				2,573,185
4.63%, 12/01/2030 (A)			3,542,000				1,807,926
5.00%, 11/15/2031 (A)			1,505,000				759,498
5.38%, 02/01/2028 (A)			1,942,000				1,668,310
5.75%, 01/15/2030 (A)			12,503,000				6,626,590
6.50%, 02/01/2029 (A)			2,516,000				2,145,142

		Principal				Value
CORPORATE DEBT SECURITIES (continued)
Media (continued)
CSC Holdings LLC (continued)
7.50%, 04/01/2028 (A) (B)			$ 3,569,000				$ 2,389,953
11.25%, 05/15/2028 (A)			2,900,000				2,935,673
11.75%, 01/31/2029 (A)			1,668,000				1,696,295
DISH DBS Corp.
5.25%, 12/01/2026 (A)			1,189,000				937,782
5.75%, 12/01/2028 (A)			3,059,000				2,068,266
7.38%, 07/01/2028			2,669,000				1,174,360
7.75%, 07/01/2026			1,280,000				754,208
DISH Network Corp.
11.75%, 11/15/2027 (A)			2,311,000				2,407,339
Gray Television, Inc.
5.38%, 11/15/2031 (A)			12,263,000				9,643,042
7.00%, 05/15/2027 (A) (B)			933,000				912,008
iHeartCommunications, Inc.
5.25%, 08/15/2027 (A)			2,893,000				2,244,158
6.38%, 05/01/2026 (B)			4,101,000				3,522,331
8.38%, 05/01/2027			6,613,759				4,096,974
LCPR Senior Secured Financing DAC
5.13%, 07/15/2029 (A)			3,582,000				3,142,130
6.75%, 10/15/2027 (A)			6,932,000				6,733,870
Light & Wonder International, Inc.
7.50%, 09/01/2031 (A)			1,637,000				1,703,420
Sirius XM Radio, Inc.
4.13%, 07/01/2030 (A)			7,166,000				6,261,293
5.00%, 08/01/2027 (A)			250,000				240,250
5.50%, 07/01/2029 (A)			3,157,000				3,010,010
Sunrise XxxXx I BV
4.88%, 07/15/2031 (A)			4,892,000				4,305,694
Sunrise HoldCo IV BV
5.50%, 01/15/2028 (A)			2,314,000				2,204,987
TEGNA, Inc.
4.63%, 03/15/2028			3,142,000				2,931,894
4.75%, 03/15/2026			1,592,000				1,548,862
Univision Communications, Inc.
6.63%, 06/01/2027 (A)			4,884,000				4,831,854
8.00%, 08/15/2028 (A)			2,917,000				2,966,822
Virgin Media Finance PLC
5.00%, 07/15/2030 (A)			4,057,000				3,616,977
Virgin Media Secured Finance PLC
4.50%, 08/15/2030 (A)			1,369,000				1,223,202
5.50%, 05/15/2029 (A)			8,274,000				7,958,583
VZ Secured Financing BV
5.00%, 01/15/2032 (A)			17,008,000				14,879,501
							155,795,291
Metals & Mining - 4.5%
Big River Steel LLC/BRS Finance Corp.
6.63%, 01/31/2029 (A)			3,948,000				3,989,730
Cleveland-Cliffs, Inc.
6.75%, 03/15/2026 (A)			5,427,000				5,483,810
Constellium SE
5.63%, 06/15/2028 (A)			6,591,000				6,441,706
5.88%, 02/15/2026 (A)			8,451,000				8,389,308
Enviri Corp.
5.75%, 07/31/2027 (A) (B)			9,340,000				8,779,357
First Quantum Minerals Ltd.
7.50%, 04/01/2025 (A)			2,765,000				2,720,400
FMG Resources August 2006 Pty. Ltd.
5.88%, 04/15/2030 (A)			5,511,000				5,442,956
6.13%, 04/15/2032 (A)			2,176,000				2,152,545
Freeport-McMoRan, Inc.
4.13%, 03/01/2028			2,057,000				1,978,402
4.38%, 08/01/2028			4,477,000				4,318,716

Transamerica Funds Page 5

Transamerica High Yield Bond

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2024

(unaudited)

		Principal				Value
CORPORATE DEBT SECURITIES (continued)
Metals & Mining (continued)
Mineral Resources Ltd.
8.13%, 05/01/2027 (A)			$  5,697,000				$  5,753,970
8.50%, 05/01/2030 (A)			6,449,000				6,634,792
9.25%, 10/01/2028 (A)			1,101,000				1,159,518
New Gold, Inc.
7.50%, 07/15/2027 (A) (B)			6,736,000				6,698,513
Novelis Corp.
3.25%, 11/15/2026 (A)			1,322,000				1,237,753
3.88%, 08/15/2031 (A)			612,000				531,464
4.75%, 01/30/2030 (A)			7,822,000				7,257,587
							78,970,527
Mortgage Real Estate Investment Trusts - 0.4%
Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.
4.25%, 02/01/2027 (A)			2,377,000				2,200,231
5.25%, 10/01/2025 (A)			4,127,000				4,056,057
							6,256,288
Oil, Gas & Consumable Fuels - 12.3%
Antero Midstream Partners LP/Antero Midstream Finance Corp.
5.38%, 06/15/2029 (A)			4,398,000				4,227,118
6.63%, 02/01/2032 (A)			3,090,000				3,069,760
7.88%, 05/15/2026 (A)			5,399,000				5,535,260
Xxxxxx Petroleum Co.
6.38%, 07/01/2026			1,021,000				1,021,223
7.50%, 06/15/2030 (A)			3,859,000				4,064,999
8.00%, 08/01/2028 (A)			490,000				510,602
Cheniere Energy Partners LP
4.00%, 03/01/2031			5,761,000				5,219,289
Cheniere Energy, Inc.
4.63%, 10/15/2028			2,473,000				2,393,914
Chord Energy Corp.
6.38%, 06/01/2026 (A)			4,987,000				4,986,690
Civitas Resources, Inc.
5.00%, 10/15/2026 (A)			2,768,000				2,696,135
8.63%, 11/01/2030 (A)			210,000				224,916
8.75%, 07/01/2031 (A)			6,138,000				6,527,849
Xxxxxxxx Resources, Inc.
5.88%, 01/15/2030 (A)			4,043,000				3,510,102
CrownRock LP/CrownRock Finance, Inc.
5.00%, 05/01/2029 (A)			223,000				219,433
5.63%, 10/15/2025 (A)			11,964,000				11,918,537
DCP Midstream Operating LP
5.38%, 07/15/2025			5,213,000				5,219,495
DT Midstream, Inc.
4.13%, 06/15/2029 (A)			2,541,000				2,328,262
4.38%, 06/15/2031 (A)			810,000				729,256
Energy Transfer LP
8.00%, 04/01/2029 (A)			7,074,000				7,354,838
EnLink Midstream LLC
6.50%, 09/01/2030 (A)			2,842,000				2,903,660
EQM Midstream Partners LP
6.00%, 07/01/2025 (A)			554,000				552,771
6.50%, 07/01/2027 (A)			2,217,000				2,245,171
Genesis Energy LP/Genesis Energy Finance Corp.
8.25%, 01/15/2029			356,000				365,952
8.88%, 04/15/2030			2,660,000				2,782,927
Xxxx Midstream Operations LP
4.25%, 02/15/2030 (A)			272,000				250,166
5.13%, 06/15/2028 (A)			4,210,000				4,084,383
XX Xxxxxxxx Corp.
6.38%, 04/15/2027 (A)			4,426,000				4,459,843

		Principal				Value
CORPORATE DEBT SECURITIES (continued)
Oil, Gas & Consumable Fuels (continued)
Ithaca Energy North Sea PLC
9.00%, 07/15/2026 (A)			$  6,358,000				$  6,329,922
Xxxxxx Xxxxxx, Inc.
8.05%, 10/15/2030			2,486,000				2,881,198
Xxxx Creek Resources Holdings, Inc.
7.50%, 01/15/2026 (A)			853,000				849,873
10.50%, 05/15/2027 (A)			3,345,000				3,436,934
NuStar Logistics LP
5.63%, 04/28/2027			4,744,000				4,704,245
5.75%, 10/01/2025			944,000				941,640
6.00%, 06/01/2026			681,000				679,434
Occidental Petroleum Corp.
5.55%, 03/15/2026			1,400,000				1,409,448
5.88%, 09/01/2025			2,765,000				2,784,367
6.13%, 01/01/2031 (B)			871,000				904,272
6.45%, 09/15/2036			6,446,000				6,876,270
6.63%, 09/01/2030			5,128,000				5,467,474
7.15%, 05/15/2028			4,012,000				4,215,041
Ovintiv, Inc.
7.38%, 11/01/2031			2,000,000				2,216,858
Parkland Corp.
4.50%, 10/01/2029 (A)			1,799,000				1,654,438
4.63%, 05/01/2030 (A)			855,000				782,325
5.88%, 07/15/2027 (A)			3,478,000				3,450,810
PBF Holding Co. LLC/PBF Finance Corp.
7.88%, 09/15/2030 (A)			4,488,000				4,656,569
Permian Resources Operating LLC
7.00%, 01/15/2032 (A)			8,293,000				8,538,780
SM Energy Co.
5.63%, 06/01/2025			575,000				571,107
6.50%, 07/15/2028			782,000				782,000
6.63%, 01/15/2027			4,665,000				4,656,603
6.75%, 09/15/2026			3,319,000				3,314,519
Southwestern Energy Co.
4.75%, 02/01/2032			1,866,000				1,726,347
5.38%, 03/15/2030			3,535,000				3,418,633
Summit Midstream Holdings LLC/Summit Midstream Finance Corp.
9.00% (N), 10/15/2026 (A)			2,219,000				2,219,222
Summit Midstream Partners LP
Fixed until 05/01/2023, 13.08%, 03/04/2024 (D) (E) (F)			4,423,000				4,190,792
Targa Resources Partners LP/Targa Resources Partners Finance Corp.
4.00%, 01/15/2032			1,373,000				1,237,512
4.88%, 02/01/2031			3,857,000				3,698,863
5.00%, 01/15/2028			2,590,000				2,549,302
5.50%, 03/01/2030			5,701,000				5,670,129
Venture Global LNG, Inc.
9.50%, 02/01/2029 (A)			6,430,000				6,817,663
9.88%, 02/01/2032 (A)			9,042,000				9,506,454
Vital Energy, Inc.
9.75%, 10/15/2030			3,645,000				3,875,605
10.13%, 01/15/2028			2,900,000				3,037,538
Western Midstream Operating LP
5.30%, 03/01/2048			6,707,000				5,881,058
5.45%, 04/01/2044			2,246,000				2,037,057
							217,372,853
Paper & Forest Products - 0.8%
Domtar Corp.
6.75%, 10/01/2028 (A)			6,333,000				5,813,578
Xxxxxxxxxx Corp.
4.75%, 11/15/2029 (A) (B)			10,322,000				7,457,645
							13,271,223

Transamerica Funds Page 6

Transamerica High Yield Bond

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2024

(unaudited)

		Principal				Value
CORPORATE DEBT SECURITIES (continued)
Personal Care Products - 0.6%
Coty, Inc.
5.00%, 04/15/2026 (A)			$  2,996,000				$  2,937,998
6.50%, 04/15/2026 (A)			5,967,000				5,958,814
Coty, Inc./HFC Prestige Products, Inc./HFC Prestige International US LLC
6.63%, 07/15/2030 (A)			2,120,000				2,166,470
							11,063,282
Pharmaceuticals - 1.0%
Bausch Health Americas, Inc.
8.50%, 01/31/2027 (A) (B)			3,188,000				1,753,400
Bausch Health Cos., Inc.
5.00%, 01/30/2028 - 02/15/2029 (A)			2,008,000				851,079
5.25%, 01/30/2030 (A)			1,394,000				583,445
7.00%, 01/15/2028 (A)			3,255,000				1,415,925
Grifols SA
4.75%, 10/15/2028 (A) (B)			6,595,000				5,646,969
Organon & Co./Organon Foreign Debt Co-Issuer BV
4.13%, 04/30/2028 (A)			3,806,000				3,482,661
5.13%, 04/30/2031 (A)			5,403,000				4,623,452
							18,356,931
Professional Services - 0.3%
Gartner, Inc.
3.63%, 06/15/2029 (A)			472,000				429,123
3.75%, 10/01/2030 (A)			1,745,000				1,563,563
4.50%, 07/01/2028 (A)			3,258,000				3,113,654
							5,106,340
Real Estate Management & Development - 0.2%
Xxxxxxx & Xxxxxxxxx US Borrower LLC
6.75%, 05/15/2028 (A)			3,236,000				3,198,851
8.88%, 09/01/2031 (A)			755,000				790,931
							3,989,782
Software - 1.5%
Central Parent LLC/CDK Global II LLC/CDK Financing Co., Inc.
8.00%, 06/15/2029 (A)			5,346,000				5,531,381
Crowdstrike Holdings, Inc.
3.00%, 02/15/2029			5,415,000				4,839,618
Helios Software Holdings, Inc./ION Corporate Solutions Finance SARL
4.63%, 05/01/2028 (A)			5,655,000				5,147,477
MSCI, Inc.
3.63%, 09/01/2030 (A)			6,437,000				5,785,109
Rackspace Technology Global, Inc.
3.50%, 02/15/2028 (A)			3,270,000				1,280,607
UKG, Inc.
6.88%, 02/01/2031 (A) (L)			4,275,000				4,323,094
							26,907,286
Specialized REITs - 0.5%
Iron Mountain, Inc.
4.50%, 02/15/2031 (A)			881,000				791,024
5.25%, 03/15/2028 (A)			6,192,000				6,005,401
7.00%, 02/15/2029 (A)			2,473,000				2,534,961
							9,331,386

		Principal				Value
CORPORATE DEBT SECURITIES (continued)
Specialty Retail - 0.6%
Bath & Body Works, Inc.
5.25%, 02/01/2028			$  743,000				$  727,078
6.63%, 10/01/2030 (A)			1,247,000				1,263,544
6.75%, 07/01/2036			1,960,000				1,933,259
6.88%, 11/01/2035			1,468,000				1,462,897
7.50%, 06/15/2029 (B)			4,949,000				5,116,029
9.38%, 07/01/2025 (A)			522,000				545,490
							11,048,297
Technology Hardware, Storage & Peripherals - 1.1%
NCR Voyix Corp.
5.00%, 10/01/2028 (A)			2,600,000				2,451,230
5.13%, 04/15/2029 (A)			7,854,000				7,392,170
5.25%, 10/01/2030 (A)			2,509,000				2,302,349
Western Digital Corp.
4.75%, 02/15/2026			6,933,000				6,763,176
							18,908,925
Wireless Telecommunication Services - 1.2%
Altice France SA
5.13%, 07/15/2029 (A)			506,000				371,114
5.50%, 10/15/2029 (A)			5,882,000				4,337,806
8.13%, 02/01/2027 (A)			4,624,000				4,132,919
Sprint LLC
7.13%, 06/15/2024			4,095,000				4,112,632
7.63%, 03/01/2026			1,427,000				1,489,250
Vmed O2 UK Financing I PLC
4.25%, 01/31/2031 (A)			2,322,000				2,030,833
4.75%, 07/15/2031 (A)			6,029,000				5,403,354
							21,877,908
Total Corporate Debt Securities (Cost $1,711,161,839)							1,639,392,843
LOAN ASSIGNMENTS - 2.0%
Automobile Components - 0.2%
Clarios Global LP
Term Loan B,
1-Month Term SOFR + 3.00%, 8.33% (C), 05/06/2030			2,763,075				2,762,213
Commercial Services & Supplies - 0.3%
Garda World Security Corp.
Term Loan B,
TBD, 02/01/2029 (L) (O)			6,160,000				6,154,499
Containers & Packaging - 0.6%
Anchor Glass Container Corp.
Term Loan,
3-Month Term SOFR + 5.00%, 10.83% - 10.90% (C), 06/07/2026			5,565,565				4,605,505
Xxxxxxxx Group Holdings, Inc.
Term Loan B,
TBD, 09/24/2028 (O)			1,741,515				1,741,153
Term Loan B2,
1-Month Term SOFR + 3.25%, 8.70% (C), 02/05/2026			2,355,517				2,356,695
Trident TPI Holdings, Inc.
Term Loan,
3-Month Term SOFR + 4.50%, 9.85% (C), 09/15/2028			2,533,651				2,525,959
							11,229,312

Transamerica Funds Page 7

Transamerica High Yield Bond

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2024

(unaudited)

		Principal				Value
LOAN ASSIGNMENTS (continued)
Hotels, Restaurants & Leisure - 0.5%
Caesars Entertainment, Inc.
Term Loan B1,
TBD, 01/24/2031 (L) (O)			$  5,175,000				$  5,159,905
Hilton Grand Vacations Borrower LLC
Term Loan B,
1-Month Term SOFR + 2.75%, 8.08% (C), 01/17/2031 (L)			2,830,000				2,821,156
							7,981,061
Software - 0.4%
Central Parent, Inc.
Term Loan B,
3-Month Term SOFR + 4.00%, 9.35% (C), 07/06/2029			6,687,245				6,694,213
Total Loan Assignments (Cost $35,026,775)							34,821,298
		Shares				Value
COMMON STOCKS - 0.1%
Electric Utilities - 0.0% (P)
Homer City Generation LLC (F) (H) (I)			270,659				2,707
Oil, Gas & Consumable Fuels - 0.0% (P)
Ultra Resources, Inc. (F) (H) (I) (J)			3,226				0
Software - 0.1%
ASG WT Corp. (F) (H) (I)			1,265				142,494
Avaya Holdings Corp. (F) (H)			233,572				1,518,218
							1,660,712
Total Common Stocks (Cost $16,709,643)							1,663,419
		Principal				Value
SHORT-TERM U.S. GOVERNMENT OBLIGATIONS - 4.0%
U.S. Treasury Bills
5.35% (Q), 02/13/2024			$ 70,765,000				70,641,182
Total Short-Term U.S. Government Obligations (Cost $70,640,890)							70,641,182
		Shares				Value
OTHER INVESTMENT COMPANY - 3.2%
Securities Lending Collateral - 3.2%
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 5.30% (Q)			56,805,553				56,805,553
Total Other Investment Company (Cost $56,805,553)							56,805,553

		Principal				Value
REPURCHASE AGREEMENT - 0.7%
Fixed Income Clearing Corp., 2.50% (Q), dated 01/31/2024, to be repurchased at $11,637,090 on 02/01/2024. Collateralized by a U.S. Government Obligation, 4.50%, due 07/15/2026, and with a value of $11,869,106.			$ 11,636,282				$  11,636,282
Total Repurchase Agreement (Cost $11,636,282)							11,636,282
Total Investments (Cost $1,901,980,982)							1,814,960,577
Net Other Assets (Liabilities) - (2.5)%							(43,685,093	)
Net Assets - 100.0%							$ 1,771,275,484

Transamerica Funds Page 8

Transamerica High Yield Bond

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2024

(unaudited)

INVESTMENT VALUATION:

Valuation Inputs ^(R)

		Level 1 - Unadjusted Quoted Prices				Level 2 - Other Significant Observable Inputs				Level 3 - Significant Unobservable Inputs (S)				Value
ASSETS
Investments
Corporate Debt Securities		$	—			$	1,639,392,650			$	193			$	1,639,392,843
Loan Assignments			—				34,821,298				—				34,821,298
Common Stocks			—				1,518,218				145,201				1,663,419
Short-Term U.S. Government Obligations			—				70,641,182				—				70,641,182
Other Investment Company			56,805,553				—				—				56,805,553
Repurchase Agreement			—				11,636,282				—				11,636,282
Total Investments		$	56,805,553			$	1,758,009,630			$	145,394			$	1,814,960,577

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)		Securities are exempt from registration pursuant to Rule 144A of the Securities Act of 1933. Securities may be resold as transactions exempt from registration, normally to qualified institutional buyers. At January 31, 2024, the total value of 144A securities is $1,211,045,850, representing 68.4% of the Fund’s net assets.
(B)		All or a portion of the securities are on loan. The total value of all securities on loan is $60,876,556, collateralized by cash collateral of $56,805,553 and non-cash collateral, such as U.S. government securities and irrevocable letters of credit, of $5,344,130. 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.
(C)		Floating or variable rate securities. The rates disclosed are as of January 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.
(D)		Perpetual maturity. The date displayed is the next call date.
(E)		Securities in default; no interest payments received and/or dividends declared during the last 12 months. At January 31, 2024, the total value of such securities is $4,201,155, representing 0.2% of the Fund’s net assets.
(F)		Non-income producing securities.
(G)		Payment in-kind. Securities pay interest or dividends in the form of additional bonds or preferred stock. If the securities make a cash payment in addition to in-kind, the cash rate is disclosed separately.
(H)		Fair valued as determined in good faith in accordance with procedures established by the Board. At January 31, 2024, the total value of securities is $1,663,612, representing 0.1% of the Fund’s net assets.
(I)		Securities are Level 3 of the fair value hierarchy.
(J)		Securities deemed worthless.
(K)		Restricted security. At January 31, 2024, the value of such security held by the Fund is as follows:

Investments		Description		Acquisition Date				Acquisition Cost				Value				Value as Percentage of Net Assets
Corporate Debt Securities		Caesars Entertainment, Inc. 6.25%, 07/01/2025			03/22/2022 - 12/07/2023			$	9,911,771			$	9,939,130				0.6	%

(L)		When-issued, delayed-delivery and/or forward commitment (including TBAs) securities. Securities to be settled and delivered after January 31, 2024. Securities may display a coupon rate of 0.00%, as the rate is to be determined at time of settlement.
(M)		Escrow position. Position represents remaining escrow balance expected to be received upon finalization of restructuring.
(N)		Step bond. Coupon rate changes in increments to maturity. The rate disclosed is as of January 31, 2024; the maturity date disclosed is the ultimate maturity date.
(O)		All or a portion of the security represents unsettled loan commitments at January 31, 2024 where the rate will be determined at time of settlement.
(P)		Percentage rounds to less than 0.1% or (0.1)%.
(Q)		Rates disclosed reflect the yields at January 31, 2024.
(R)		There were no transfers in or out of Level 3 during the period ended January 31, 2024. Please reference the Investment Valuation section of the Notes to Schedule of Investments for more information regarding investment valuation and pricing inputs.
(S)		Level 3 securities were not considered significant to the Fund.

PORTFOLIO ABBREVIATIONS:

REIT		Real Estate Investment Trust
SOFR		Secured Overnight Financing Rate
TBD		To Be Determined

Transamerica Funds Page 9

Transamerica High Yield Bond

NOTES TO SCHEDULE OF INVESTMENTS

At January 31, 2024

(unaudited)

INVESTMENT VALUATION

Transamerica High Yield 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.

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 January 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:

Corporate debt securities: The fair value of corporate debt securities is estimated using various techniques, which consider recently executed transactions in securities of the issuer or comparable issuers, market price quotations (where observable), bond spreads, fundamental data relating to the issuer, and credit default swap spreads adjusted for any basis difference between cash and derivative instruments. While most corporate debt securities are categorized in Level 2 of the fair value hierarchy, in instances where lower relative weight is placed on transaction prices, quotations, or similar observable inputs, they are categorized in Level 3.

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.

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 10

Transamerica High Yield Bond

NOTES TO SCHEDULE OF INVESTMENTS (continued)

At January 31, 2024

(unaudited)

Short-term notes: The Fund normally values short-term government and U.S. government agency securities using a model that incorporates market observable data such as reported sales of similar securities, broker quotes, yields, bids, offers and reference data. Certain securities are valued by principally using dealer quotations. Short-term government and U.S. government agency securities generally are categorized in Level 2 of the fair value hierarchy, or Level 3 if inputs are unobservable.

Securities lending collateral: Securities lending collateral is invested in a money market fund which is valued at the actively traded NAV and no valuation adjustments are applied. Securities lending collateral is categorized in Level 1 of the fair value hierarchy.

Repurchase agreements: Repurchase agreements are valued at cost, which approximates fair value. To the extent the inputs are observable and timely, the values are generally categorized in Level 2 of the fair value hierarchy.

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 11