Transamerica High Yield Bond
Transamerica High Yield Bond
SCHEDULE OF INVESTMENTS At July 31, 2024
(unaudited)
SCHEDULE OF INVESTMENTS
|
|
Principal
|
Value
|
|
CORPORATE DEBT SECURITIES - 93.6%
|
||
|
Aerospace & Defense - 1.1%
|
||
|
TransDigm, Inc.
|
|
|
|
4.88%, 05/01/2029
|
$ 3,158,000
|
$ 3,005,252
|
|
5.50%, 11/15/2027
|
3,158,000
|
3,115,902
|
|
6.88%, 12/15/2030 (A)
|
3,089,000
|
3,176,644
|
|
7.13%, 12/01/2031 (A)
|
836,000
|
869,714
|
|
Triumph Group, Inc.
|
|
|
|
9.00%, 03/15/2028 (A)
|
3,723,000
|
3,922,021
|
|
|
|
14,089,533
|
|
Automobile Components - 3.1%
|
||
|
Clarios Global LP
|
|
|
|
6.75%, 05/15/2025 (A)
|
1,881,000
|
1,881,720
|
|
Clarios Global LP/Clarios US Finance Co.
|
|
|
|
6.25%, 05/15/2026 (A)
|
2,587,000
|
2,584,159
|
|
6.75%, 05/15/2028 (A)
|
2,187,000
|
2,227,333
|
|
8.50%, 05/15/2027 (A)
|
5,527,000
|
5,566,695
|
|
Xxxx Financing Luxembourg SARL
|
|
|
|
5.75%, 04/15/2025 (A)
|
3,572,000
|
3,561,474
|
|
Xxxx, Inc.
|
|
|
|
4.25%, 09/01/2030
|
224,000
|
197,789
|
|
5.38%, 11/15/2027
|
3,051,000
|
2,998,630
|
|
5.63%, 06/15/2028 (B)
|
1,580,000
|
1,536,661
|
|
Goodyear Tire & Rubber Co.
|
|
|
|
5.00%, 05/31/2026
|
3,153,000
|
3,106,163
|
|
5.00%, 07/15/2029 (B)
|
2,932,000
|
2,762,160
|
|
9.50%, 05/31/2025 (C)
|
5,459,000
|
5,474,476
|
|
ZF North America Capital, Inc.
|
|
|
|
4.75%, 04/29/2025 (A)
|
1,967,000
|
1,944,658
|
|
6.75%, 04/23/2030 (A)
|
2,775,000
|
2,827,190
|
|
6.88%, 04/14/2028 (A)
|
3,142,000
|
3,220,307
|
|
7.13%, 04/14/2030 (A)
|
2,016,000
|
2,093,513
|
|
|
|
41,982,928
|
|
Automobiles - 1.4%
|
||
|
Ford Motor Co.
|
|
|
|
6.10%, 08/19/2032
|
849,000
|
856,465
|
|
Ford Motor Credit Co. LLC
|
|
|
|
5.13%, 06/16/2025
|
1,398,000
|
1,390,728
|
|
6.95%, 03/06/2026
|
3,381,000
|
3,451,562
|
|
7.35%, 11/04/2027 - 03/06/2030
|
11,716,000
|
12,408,055
|
|
|
|
18,106,810
|
|
Banks - 2.1%
|
||
|
Barclays PLC
|
|
|
|
Fixed until 11/02/2025,
7.33% (D), 11/02/2026
|
5,028,000
|
5,133,676
|
|
Citigroup, Inc.
|
|
|
|
Fixed until 09/12/2024 (E),
5.00% (D)
|
7,285,000
|
7,264,756
|
|
Intesa Sanpaolo SpA
|
|
|
|
Fixed until 06/01/2031,
4.20% (D), 06/01/2032 (A)
|
3,913,000
|
3,379,434
|
|
5.71%, 01/15/2026 (A)
|
1,572,000
|
1,569,231
|
|
7.00%, 11/21/2025 (A)
|
918,000
|
935,927
|
|
Fixed until 06/20/2053,
7.78% (D), 06/20/2054 (A)
|
1,000,000
|
1,070,503
|
|
Fixed until 11/21/2032,
8.25% (D), 11/21/2033 (A)
|
2,997,000
|
3,379,321
|
|
|
Principal
|
Value
|
|
CORPORATE DEBT SECURITIES (continued)
|
||
|
Banks (continued)
|
||
|
JPMorgan Chase & Co.
|
|
|
|
Fixed until 02/01/2025 (E),
4.60% (D)
|
$ 4,024,000
|
$ 3,994,888
|
|
Lloyds Banking Group PLC
|
|
|
|
Fixed until 08/15/2032,
7.95% (D), 11/15/2033
|
1,400,000
|
1,597,396
|
|
|
|
28,325,132
|
|
Building Products - 2.3%
|
||
|
Boise Cascade Co.
|
|
|
|
4.88%, 07/01/2030 (A)
|
5,568,000
|
5,240,698
|
|
Builders FirstSource, Inc.
|
|
|
|
4.25%, 02/01/2032 (A)
|
5,804,000
|
5,187,489
|
|
6.38%, 06/15/2032 (A)
|
4,001,000
|
4,054,925
|
|
Camelot Return Merger Sub, Inc.
|
|
|
|
8.75%, 08/01/2028 (A)
|
4,881,000
|
4,853,671
|
|
Cornerstone Building Brands, Inc.
|
|
|
|
6.13%, 01/15/2029 (A)(B)
|
1,810,000
|
1,501,089
|
|
9.50%, 08/15/2029 (A)
|
4,000,000
|
3,998,000
|
|
EMRLD Borrower LP/Emerald Co-Issuer,
Inc.
|
|
|
|
6.63%, 12/15/2030 (A)
|
4,868,000
|
4,953,477
|
|
6.75%, 07/15/2031 (A)
|
872,000
|
889,450
|
|
|
|
30,678,799
|
|
Capital Markets - 0.4%
|
||
|
ION Trading Technologies SARL
|
|
|
|
9.50%, 05/30/2029 (A)
|
4,618,000
|
4,797,700
|
|
Chemicals - 2.1%
|
||
|
ASP Unifrax Holdings, Inc.
|
|
|
|
5.25%, 09/30/2028 (A)
|
2,406,000
|
1,287,210
|
|
Avient Corp.
|
|
|
|
7.13%, 08/01/2030 (A)
|
8,380,000
|
8,600,109
|
|
Eagle Intermediate Global Holding
BV/Eagle US Finance LLC
|
|
|
|
7.50%, 05/01/2025 (A)
|
4,540,000
|
2,601,647
|
|
NOVA Chemicals Corp.
|
|
|
|
5.25%, 06/01/2027 (A)
|
7,511,000
|
7,325,128
|
|
Xxxx Corp.
|
|
|
|
5.00%, 02/01/2030
|
2,734,000
|
2,606,060
|
|
5.13%, 09/15/2027
|
2,145,000
|
2,093,815
|
|
5.63%, 08/01/2029
|
2,519,000
|
2,487,196
|
|
Trinseo Materials Operating SCA/Trinseo
Materials Finance, Inc.
|
|
|
|
5.13%, 04/01/2029 (A)
|
3,159,000
|
1,197,755
|
|
|
|
28,198,920
|
|
Commercial Services & Supplies - 4.2%
|
||
|
Allied Universal Holdco LLC
|
|
|
|
7.88%, 02/15/2031 (A)
|
7,737,000
|
7,870,982
|
|
Avis Budget Car Rental LLC/Avis Budget
Finance, Inc.
|
|
|
|
5.75%, 07/15/2027 (A)
|
3,717,000
|
3,596,009
|
|
8.00%, 02/15/2031 (A)(B)
|
6,140,000
|
6,079,642
|
|
Benteler International AG
|
|
|
|
10.50%, 05/15/2028 (A)
|
4,771,000
|
5,073,276
|
Page 1
Transamerica High Yield Bond
SCHEDULE OF INVESTMENTS (continued) At July 31, 2024
(unaudited)
SCHEDULE OF INVESTMENTS (continued)
|
|
Principal
|
Value
|
|
CORPORATE DEBT SECURITIES (continued)
|
||
|
Commercial Services & Supplies (continued)
|
||
|
Garda World Security Corp.
|
|
|
|
6.00%, 06/01/2029 (A)
|
$ 1,475,000
|
$ 1,366,681
|
|
9.50%, 11/01/2027 (A)
|
2,315,000
|
2,329,677
|
|
GFL Environmental, Inc.
|
|
|
|
6.75%, 01/15/2031 (A)
|
2,420,000
|
2,488,232
|
|
Herc Holdings, Inc.
|
|
|
|
5.50%, 07/15/2027 (A)
|
8,599,000
|
8,524,767
|
|
6.63%, 06/15/2029 (A)(B)
|
1,530,000
|
1,562,280
|
|
Hertz Corp.
|
|
|
|
4.63%, 12/01/2026 (A)(B)
|
418,000
|
313,068
|
|
5.00%, 12/01/2029 (A)(B)
|
6,733,000
|
4,395,831
|
|
12.63%, 07/15/2029 (A)(B)
|
993,000
|
1,054,735
|
|
Reworld Holding Corp.
|
|
|
|
4.88%, 12/01/2029 (A)
|
1,487,000
|
1,360,135
|
|
5.00%, 09/01/2030
|
2,988,000
|
2,704,839
|
|
United Rentals North America, Inc.
|
|
|
|
6.00%, 12/15/2029 (A)
|
4,888,000
|
4,959,643
|
|
WW International, Inc.
|
|
|
|
4.50%, 04/15/2029 (A)
|
5,875,000
|
2,103,250
|
|
|
|
55,783,047
|
|
Communications Equipment - 0.3%
|
||
|
CommScope LLC
|
|
|
|
4.75%, 09/01/2029 (A)
|
3,462,000
|
2,509,950
|
|
8.25%, 03/01/2027 (A)
|
3,055,000
|
2,105,705
|
|
|
|
4,615,655
|
|
Construction & Engineering - 2.2%
|
||
|
Xxxxxx Xxxxx USA LLC/Xxxxxx Xxxxx
Finance Co.
|
|
|
|
6.63%, 01/15/2028 (A)
|
6,039,000
|
6,068,495
|
|
Beazer Homes USA, Inc.
|
|
|
|
7.25%, 10/15/2029 (B)
|
5,411,000
|
5,484,103
|
|
7.50%, 03/15/2031 (A)
|
3,768,000
|
3,824,723
|
|
Century Communities, Inc.
|
|
|
|
6.75%, 06/01/2027
|
6,319,000
|
6,356,301
|
|
KB Home
|
|
|
|
7.25%, 07/15/2030 (B)
|
2,128,000
|
2,207,623
|
|
Landsea Homes Corp.
|
|
|
|
8.88%, 04/01/2029 (A)
|
4,991,000
|
5,034,022
|
|
|
|
28,975,267
|
|
Construction Materials - 1.2%
|
||
|
Smyrna Ready Mix Concrete LLC
|
|
|
|
6.00%, 11/01/2028 (A)
|
1,986,000
|
1,967,109
|
|
8.88%, 11/15/2031 (A)
|
11,000,000
|
11,853,446
|
|
Summit Materials LLC/Summit Materials
Finance Corp.
|
|
|
|
7.25%, 01/15/2031 (A)
|
1,455,000
|
1,517,045
|
|
|
|
15,337,600
|
|
|
Principal
|
Value
|
|
CORPORATE DEBT SECURITIES (continued)
|
||
|
Consumer Staples Distribution & Retail - 1.0%
|
||
|
Albertsons Cos., Inc./Safeway, Inc./New
Albertsons LP
|
|
|
|
4.63%, 01/15/2027 (A)
|
$ 6,888,000
|
$ 6,710,124
|
|
6.50%, 02/15/2028 (A)
|
5,098,000
|
5,172,400
|
|
7.50%, 03/15/2026 (A)
|
1,067,000
|
1,080,879
|
|
|
|
12,963,403
|
|
Containers & Packaging - 5.9%
|
||
|
ARD Finance SA
|
|
|
|
PIK Rate 7.25%, Cash Rate 6.50%,
06/30/2027 (A)(F)
|
3,332,216
|
841,384
|
|
Ardagh Metal Packaging Finance
USA LLC/Ardagh Metal Packaging
Finance PLC
|
|
|
|
6.00%, 06/15/2027 (A)
|
947,000
|
941,236
|
|
Ardagh Packaging Finance PLC/Ardagh
Holdings USA, Inc.
|
|
|
|
4.13%, 08/15/2026 (A)(B)
|
3,093,000
|
2,615,723
|
|
5.25%, 08/15/2027 (A)(B)
|
3,769,000
|
2,157,752
|
|
Ball Corp.
|
|
|
|
6.00%, 06/15/2029
|
736,000
|
743,014
|
|
6.88%, 03/15/2028
|
7,503,000
|
7,711,531
|
|
Cascades, Inc./Cascades USA, Inc.
|
|
|
|
5.13%, 01/15/2026 (A)
|
1,741,000
|
1,719,036
|
|
5.38%, 01/15/2028 (A)
|
3,951,000
|
3,828,725
|
|
Clydesdale Acquisition Holdings, Inc.
|
|
|
|
6.63%, 04/15/2029 (A)
|
889,000
|
885,649
|
|
6.88%, 01/15/2030 (A)(G)
|
5,000,000
|
4,982,089
|
|
Graphic Packaging International LLC
|
|
|
|
3.75%, 02/01/2030 (A)
|
2,945,000
|
2,673,450
|
|
4.13%, 08/15/2024
|
2,036,000
|
2,030,466
|
|
6.38%, 07/15/2032 (A)
|
6,543,000
|
6,617,302
|
|
Mauser Packaging Solutions Holding Co.
|
|
|
|
7.88%, 04/15/2027 (A)
|
3,042,000
|
3,132,896
|
|
9.25%, 04/15/2027 (A)
|
1,009,000
|
1,010,079
|
|
Xxxxx-Xxxxxxxx Glass Container, Inc.
|
|
|
|
7.25%, 05/15/2031 (A)(B)
|
2,867,000
|
2,828,194
|
|
7.38%, 06/01/2032 (A)
|
4,490,000
|
4,438,688
|
|
Pactiv Evergreen Group Issuer LLC/Pactiv
Evergreen Group Issuer, Inc.
|
|
|
|
4.38%, 10/15/2028 (A)
|
255,000
|
239,428
|
|
Pactiv Evergreen Group Issuer, Inc./Pactiv
Evergreen Group Issuer LLC
|
|
|
|
4.00%, 10/15/2027 (A)
|
5,799,000
|
5,475,285
|
|
Sealed Air Corp.
|
|
|
|
6.50%, 07/15/2032 (A)
|
1,136,000
|
1,151,150
|
|
6.88%, 07/15/2033 (A)
|
6,113,000
|
6,432,398
|
|
Sealed Air Corp./Sealed Air Corp. US
|
|
|
|
6.13%, 02/01/2028 (A)(B)
|
2,263,000
|
2,277,961
|
|
7.25%, 02/15/2031 (A)
|
3,669,000
|
3,819,899
|
|
Trivium Packaging Finance BV
|
|
|
|
5.50%, 08/15/2026 (A)
|
6,032,000
|
5,907,356
|
|
8.50%, 08/15/2027 (A)(B)
|
3,969,000
|
3,895,005
|
|
|
|
78,355,696
|
|
Diversified REITs - 0.8%
|
||
|
HAT Holdings I LLC/HAT Holdings II LLC
|
|
|
|
8.00%, 06/15/2027 (A)
|
6,447,000
|
6,741,544
|
Page 2
Transamerica High Yield Bond
SCHEDULE OF INVESTMENTS (continued) At July 31, 2024
(unaudited)
SCHEDULE OF INVESTMENTS (continued)
|
|
Principal
|
Value
|
|
CORPORATE DEBT SECURITIES (continued)
|
||
|
Diversified REITs (continued)
|
||
|
Iron Mountain Information Management
Services, Inc.
|
|
|
|
5.00%, 07/15/2032 (A)
|
$ 3,660,000
|
$ 3,417,601
|
|
|
|
10,159,145
|
|
Diversified Telecommunication Services - 1.9%
|
||
|
Iliad Holding SASU
|
|
|
|
6.50%, 10/15/2026 (A)
|
817,000
|
817,761
|
|
7.00%, 10/15/2028 (A)
|
4,021,000
|
4,027,619
|
|
8.50%, 04/15/2031 (A)
|
3,249,000
|
3,376,578
|
|
Level 3 Financing, Inc.
|
|
|
|
3.75%, 07/15/2029 (A)
|
7,153,000
|
3,379,793
|
|
4.25%, 07/01/2028 (A)
|
7,082,000
|
3,788,870
|
|
10.50%, 05/15/2030 (A)
|
7,207,000
|
7,365,554
|
|
Optics Bidco SpA
|
|
|
|
6.00%, 09/30/2034 (A)
|
614,000
|
580,230
|
|
6.38%, 11/15/2033 (A)
|
1,959,000
|
1,932,044
|
|
|
|
25,268,449
|
|
Electric Utilities - 0.8%
|
||
|
Xxxxxx Energy LLC
|
|
|
|
8.16%, 07/05/2026
|
806,871
|
742,322
|
|
Vistra Operations Co. LLC
|
|
|
|
5.00%, 07/31/2027 (A)
|
4,312,000
|
4,220,708
|
|
5.63%, 02/15/2027 (A)
|
630,000
|
624,150
|
|
6.88%, 04/15/2032 (A)
|
5,227,000
|
5,381,463
|
|
|
|
10,968,643
|
|
Electrical Equipment - 0.8%
|
||
|
Energizer Holdings, Inc.
|
|
|
|
6.50%, 12/31/2027 (A)(B)
|
6,816,000
|
6,850,468
|
|
WESCO Distribution, Inc.
|
|
|
|
6.38%, 03/15/2029 (A)
|
2,907,000
|
2,945,730
|
|
6.63%, 03/15/2032 (A)
|
1,000,000
|
1,018,774
|
|
|
|
10,814,972
|
|
Electronic Equipment, Instruments & Components - 1.2%
|
||
|
XxxxxxxxxXxxxx.xxx, Inc.
|
|
|
|
8.63%, 05/15/2032 (A)
|
1,520,000
|
1,578,266
|
|
9.00%, 05/15/2028 (A)
|
4,886,000
|
5,026,873
|
|
GoTo Group, Inc.
|
|
|
|
5.50%, 05/01/2028 (A)
|
3,366,715
|
2,639,943
|
|
Sensata Technologies, Inc.
|
|
|
|
6.63%, 07/15/2032 (A)
|
6,609,000
|
6,694,071
|
|
|
|
15,939,153
|
|
Energy Equipment & Services - 0.7%
|
||
|
Archrock Partners LP/Archrock Partners
Finance Corp.
|
|
|
|
6.25%, 04/01/2028 (A)
|
4,023,000
|
4,008,468
|
|
Sunnova Energy Corp.
|
|
|
|
11.75%, 10/01/2028 (A)(B)
|
7,609,000
|
5,960,229
|
|
|
|
9,968,697
|
|
Financial Services - 2.3%
|
||
|
ILFC E-Capital Trust I
|
|
|
|
3-Month Term SOFR + 1.81%,
7.16% (D), 12/21/2065 (A)
|
17,977,000
|
14,922,068
|
|
|
Principal
|
Value
|
|
CORPORATE DEBT SECURITIES (continued)
|
||
|
Financial Services (continued)
|
||
|
ILFC E-Capital Trust II
|
|
|
|
3-Month Term SOFR + 2.06%,
7.41% (D), 12/21/2065 (A)
|
$ 3,354,000
|
$ 2,832,041
|
|
Macquarie Airfinance Holdings Ltd.
|
|
|
|
6.50%, 03/26/2031 (A)
|
330,000
|
342,455
|
|
8.13%, 03/30/2029 (A)
|
6,530,000
|
6,908,446
|
|
PennyMac Financial Services, Inc.
|
|
|
|
7.13%, 11/15/2030 (A)
|
998,000
|
1,005,650
|
|
United Wholesale Mortgage LLC
|
|
|
|
5.50%, 04/15/2029 (A)
|
546,000
|
526,663
|
|
5.75%, 06/15/2027 (A)
|
3,595,000
|
3,538,563
|
|
|
|
30,075,886
|
|
Food Products - 2.0%
|
||
|
Chobani LLC/Chobani Finance Corp., Inc.
|
|
|
|
7.63%, 07/01/2029 (A)(B)
|
4,655,000
|
4,824,717
|
|
Darling Ingredients, Inc.
|
|
|
|
6.00%, 06/15/2030 (A)
|
6,714,000
|
6,662,001
|
|
Post Holdings, Inc.
|
|
|
|
5.50%, 12/15/2029 (A)
|
8,718,000
|
8,451,932
|
|
5.63%, 01/15/2028 (A)
|
4,653,000
|
4,598,892
|
|
6.25%, 02/15/2032 (A)
|
2,281,000
|
2,309,586
|
|
|
|
26,847,128
|
|
Health Care Equipment & Supplies - 1.3%
|
||
|
Kedrion SpA
|
|
|
|
6.50%, 09/01/2029 (A)
|
4,349,000
|
4,017,050
|
|
Medline Borrower LP
|
|
|
|
3.88%, 04/01/2029 (A)
|
5,123,000
|
4,777,052
|
|
Medline Borrower LP/Medline Co-Issuer,
Inc.
|
|
|
|
6.25%, 04/01/2029 (A)
|
2,809,000
|
2,867,087
|
|
Xxxxxx Health Holdings LLC
|
|
|
|
7.38%, 06/01/2031 (A)
|
5,838,000
|
5,954,153
|
|
|
|
17,615,342
|
|
Health Care Providers & Services - 3.3%
|
||
|
CHS/Community Health Systems, Inc.
|
|
|
|
5.25%, 05/15/2030 (A)
|
4,348,000
|
3,791,097
|
|
10.88%, 01/15/2032 (A)
|
4,611,000
|
4,952,095
|
|
Concentra Escrow Issuer Corp.
|
|
|
|
6.88%, 07/15/2032 (A)
|
860,000
|
886,900
|
|
Encompass Health Corp.
|
|
|
|
5.75%, 09/15/2025 (C)
|
5,224,000
|
5,216,390
|
|
HCA, Inc.
|
|
|
|
5.38%, 02/01/2025
|
3,103,000
|
3,096,771
|
|
5.88%, 02/15/2026 - 02/01/2029
|
4,331,000
|
4,378,415
|
|
7.50%, 11/06/2033
|
441,000
|
498,130
|
|
Heartland Dental LLC/Heartland Dental
Finance Corp.
|
|
|
|
10.50%, 04/30/2028 (A)
|
3,141,000
|
3,345,165
|
|
Xxxxx Healthcare Corp.
|
|
|
|
5.13%, 11/01/2027
|
4,344,000
|
4,271,279
|
|
6.13%, 10/01/2028 (B)
|
6,816,000
|
6,833,551
|
|
6.13%, 06/15/2030
|
3,193,000
|
3,203,847
|
|
6.25%, 02/01/2027
|
4,183,000
|
4,189,116
|
|
|
|
44,662,756
|
Page 3
Transamerica High Yield Bond
SCHEDULE OF INVESTMENTS (continued) At July 31, 2024
(unaudited)
SCHEDULE OF INVESTMENTS (continued)
|
|
Principal
|
Value
|
|
CORPORATE DEBT SECURITIES (continued)
|
||
|
Health Care REITs - 0.2%
|
||
|
MPT Operating Partnership LP/MPT
Finance Corp.
|
|
|
|
3.50%, 03/15/2031
|
$ 4,538,000
|
$ 2,985,854
|
|
Hotel & Resort REITs - 0.7%
|
||
|
Park Intermediate Holdings LLC/PK
Domestic Property LLC/PK Finance
Co-Issuer
|
|
|
|
5.88%, 10/01/2028 (A)
|
2,727,000
|
2,699,730
|
|
7.00%, 02/01/2030 (A)
|
5,912,000
|
6,020,645
|
|
|
|
8,720,375
|
|
Hotels, Restaurants & Leisure - 10.1%
|
||
|
Boyne USA, Inc.
|
|
|
|
4.75%, 05/15/2029 (A)
|
5,753,000
|
5,446,830
|
|
Caesars Entertainment, Inc.
|
|
|
|
6.50%, 02/15/2032 (A)
|
2,300,000
|
2,328,051
|
|
7.00%, 02/15/2030 (A)
|
2,273,000
|
2,344,802
|
|
Carnival Corp.
|
|
|
|
6.00%, 05/01/2029 (A)(B)
|
3,963,000
|
3,953,705
|
|
7.00%, 08/15/2029 (A)
|
590,000
|
615,579
|
|
7.63%, 03/01/2026 (A)
|
1,588,000
|
1,603,318
|
|
10.50%, 06/01/2030 (A)
|
4,563,000
|
4,959,420
|
|
Carnival Holdings Bermuda Ltd.
|
|
|
|
10.38%, 05/01/2028 (A)
|
3,812,000
|
4,120,620
|
|
Xxxxxxxxx Xxxxx, Inc.
|
|
|
|
5.75%, 04/01/2030 (A)
|
5,578,000
|
5,466,448
|
|
6.75%, 05/01/2031 (A)
|
2,906,000
|
2,950,555
|
|
Hilton Domestic Operating Co., Inc.
|
|
|
|
5.38%, 05/01/2025 (A)
|
420,000
|
418,822
|
|
5.75%, 05/01/2028 (A)
|
493,000
|
492,403
|
|
5.88%, 04/01/2029 (A)
|
145,000
|
145,997
|
|
Hilton Grand Vacations Borrower
Escrow LLC/Hilton Grand Vacations
Borrower Escrow, Inc.
|
|
|
|
6.63%, 01/15/2032 (A)
|
4,000,000
|
4,038,656
|
|
International Game Technology PLC
|
|
|
|
5.25%, 01/15/2029 (A)
|
1,338,000
|
1,311,828
|
|
6.25%, 01/15/2027 (A)
|
1,213,000
|
1,224,046
|
|
6.50%, 02/15/2025 (A)
|
3,025,000
|
3,027,329
|
|
Light & Wonder International, Inc.
|
|
|
|
7.00%, 05/15/2028 (A)
|
4,484,000
|
4,517,388
|
|
7.50%, 09/01/2031 (A)
|
1,637,000
|
1,708,519
|
|
MGM Resorts International
|
|
|
|
5.50%, 04/15/2027 (B)
|
7,279,000
|
7,222,684
|
|
5.75%, 06/15/2025
|
5,440,000
|
5,425,128
|
|
6.50%, 04/15/2032
|
4,766,000
|
4,780,865
|
|
NCL Corp. Ltd.
|
|
|
|
5.88%, 03/15/2026 - 02/15/2027 (A)
|
7,683,000
|
7,644,897
|
|
8.13%, 01/15/2029 (A)
|
1,857,000
|
1,973,880
|
|
Royal Caribbean Cruises Ltd.
|
|
|
|
5.50%, 04/01/2028 (A)
|
2,984,000
|
2,969,019
|
|
6.00%, 02/01/2033 (A)(G)
|
3,100,000
|
3,118,338
|
|
6.25%, 03/15/2032 (A)
|
871,000
|
887,416
|
|
8.25%, 01/15/2029 (A)
|
1,780,000
|
1,883,352
|
|
Scientific Games Holdings LP/Scientific
Games US XxxXx, Inc.
|
|
|
|
6.63%, 03/01/2030 (A)
|
8,011,000
|
7,836,266
|
|
|
Principal
|
Value
|
|
CORPORATE DEBT SECURITIES (continued)
|
||
|
Hotels, Restaurants & Leisure (continued)
|
||
|
Station Casinos LLC
|
|
|
|
4.50%, 02/15/2028 (A)
|
$ 8,098,000
|
$ 7,684,396
|
|
6.63%, 03/15/2032 (A)
|
2,361,000
|
2,383,012
|
|
Travel & Leisure Co.
|
|
|
|
6.00%, 04/01/2027
|
4,976,000
|
4,992,361
|
|
6.60%, 10/01/2025
|
702,000
|
707,897
|
|
Vail Resorts, Inc.
|
|
|
|
6.50%, 05/15/2032 (A)
|
2,775,000
|
2,836,943
|
|
Viking Cruises Ltd.
|
|
|
|
5.88%, 09/15/2027 (A)
|
5,256,000
|
5,223,980
|
|
7.00%, 02/15/2029 (A)(B)
|
4,467,000
|
4,510,714
|
|
9.13%, 07/15/2031 (A)
|
2,792,000
|
3,044,173
|
|
Xxxx Resorts Finance LLC/Xxxx Resorts
Capital Corp.
|
|
|
|
7.13%, 02/15/2031 (A)
|
8,080,000
|
8,421,768
|
|
|
|
134,221,405
|
|
Independent Power & Renewable Electricity Producers - 1.2%
|
||
|
Calpine Corp.
|
|
|
|
4.50%, 02/15/2028 (A)
|
3,374,000
|
3,231,987
|
|
5.00%, 02/01/2031 (A)
|
1,198,000
|
1,130,942
|
|
5.13%, 03/15/2028 (A)
|
2,984,000
|
2,889,908
|
|
5.25%, 06/01/2026 (A)
|
5,095,000
|
5,053,217
|
|
Clearway Energy Operating LLC
|
|
|
|
4.75%, 03/15/2028 (A)
|
3,474,000
|
3,333,636
|
|
|
|
15,639,690
|
|
Insurance - 2.8%
|
||
|
Constellation Insurance, Inc.
|
|
|
|
6.80%, 01/24/2030 (A)
|
6,323,000
|
6,247,440
|
|
Global Atlantic Finance Co.
|
|
|
|
Fixed until 07/15/2026,
4.70% (D), 10/15/2051 (A)
|
3,637,000
|
3,406,749
|
|
7.95%, 06/15/2033 (A)
|
3,953,000
|
4,411,084
|
|
Fixed Until 07/15/2029,
7.95% (D), 10/15/2054 (A)
|
3,348,000
|
3,396,630
|
|
Hartford Financial Services Group, Inc.
|
|
|
|
3-Month Term SOFR + 2.39%,
7.71% (D), 02/12/2067 (A)
|
6,715,000
|
6,042,446
|
|
HUB International Ltd.
|
|
|
|
7.25%, 06/15/2030 (A)
|
2,525,000
|
2,603,994
|
|
7.38%, 01/31/2032 (A)
|
1,430,000
|
1,469,474
|
|
Lincoln National Corp.
|
|
|
|
3-Month Term SOFR + 2.62%,
7.95% (D), 05/17/2066
|
6,547,000
|
5,300,621
|
|
Panther Escrow Issuer LLC
|
|
|
|
7.13%, 06/01/2031 (A)
|
4,536,000
|
4,654,712
|
|
|
|
37,533,150
|
|
Internet & Catalog Retail - 0.9%
|
||
|
Uber Technologies, Inc.
|
|
|
|
7.50%, 09/15/2027 (A)
|
4,738,000
|
4,826,155
|
|
8.00%, 11/01/2026 (A)
|
7,512,000
|
7,542,987
|
|
|
|
12,369,142
|
Page 4
Transamerica High Yield Bond
SCHEDULE OF INVESTMENTS (continued) At July 31, 2024
(unaudited)
SCHEDULE OF INVESTMENTS (continued)
|
|
Principal
|
Value
|
|
CORPORATE DEBT SECURITIES (continued)
|
||
|
IT Services - 0.4%
|
||
|
Conduent Business
Services LLC/Conduent State & Local
Solutions, Inc.
|
|
|
|
6.00%, 11/01/2029 (A)
|
$ 5,592,000
|
$ 5,301,156
|
|
Leisure Products - 0.4%
|
||
|
Amer Sports Co.
|
|
|
|
6.75%, 02/16/2031 (A)(B)
|
5,880,000
|
5,839,567
|
|
Machinery - 1.6%
|
||
|
Advanced Drainage Systems, Inc.
|
|
|
|
6.38%, 06/15/2030 (A)
|
1,681,000
|
1,693,749
|
|
Chart Industries, Inc.
|
|
|
|
7.50%, 01/01/2030 (A)
|
6,553,000
|
6,816,817
|
|
GrafTech Global Enterprises, Inc.
|
|
|
|
9.88%, 12/15/2028 (A)(B)
|
1,567,000
|
1,211,700
|
|
Madison IAQ LLC
|
|
|
|
5.88%, 06/30/2029 (A)
|
5,533,000
|
5,178,718
|
|
SPX Flow, Inc.
|
|
|
|
8.75%, 04/01/2030 (A)(B)
|
6,704,000
|
6,985,166
|
|
|
|
21,886,150
|
|
Media - 7.8%
|
||
|
Adelphia Communications Corp.
|
|
|
|
9.25%, 10/01/2049 (H)(I)(J)(K)
|
1,305,000
|
91
|
|
10.25%, 06/15/2049 - 11/01/2049 (I)(J)(K)(L)
|
1,460,000
|
102
|
|
CCO Holdings LLC/CCO Holdings Capital
Corp.
|
|
|
|
4.50%, 05/01/2032
|
6,225,000
|
5,212,273
|
|
4.75%, 02/01/2032 (A)
|
4,814,000
|
4,117,051
|
|
5.00%, 02/01/2028 (A)
|
4,251,000
|
4,043,393
|
|
5.38%, 06/01/2029 (A)
|
1,794,000
|
1,675,766
|
|
5.50%, 05/01/2026 (A)
|
1,500,000
|
1,491,809
|
|
7.38%, 03/01/2031 (A)
|
7,550,000
|
7,625,659
|
|
Clear Channel Outdoor Holdings, Inc.
|
|
|
|
7.50%, 06/01/2029 (A)(B)
|
2,651,000
|
2,272,154
|
|
7.75%, 04/15/2028 (A)(B)
|
1,123,000
|
992,357
|
|
9.00%, 09/15/2028 (A)
|
4,740,000
|
5,034,079
|
|
CSC Holdings LLC
|
|
|
|
5.75%, 01/15/2030 (A)
|
12,503,000
|
5,039,296
|
|
7.50%, 04/01/2028 (A)
|
3,569,000
|
2,001,005
|
|
11.75%, 01/31/2029 (A)
|
8,168,000
|
7,383,765
|
|
DISH DBS Corp.
|
|
|
|
5.25%, 12/01/2026 (A)
|
1,189,000
|
986,760
|
|
5.75%, 12/01/2028 (A)(B)
|
3,059,000
|
2,245,783
|
|
7.38%, 07/01/2028
|
2,669,000
|
1,254,430
|
|
7.75%, 07/01/2026
|
1,280,000
|
827,201
|
|
DISH Network Corp.
|
|
|
|
11.75%, 11/15/2027 (A)
|
2,311,000
|
2,312,227
|
|
Gray Television, Inc.
|
|
|
|
5.38%, 11/15/2031 (A)
|
9,199,000
|
5,893,809
|
|
7.00%, 05/15/2027 (A)(B)
|
933,000
|
903,089
|
|
iHeartCommunications, Inc.
|
|
|
|
5.25%, 08/15/2027 (A)(B)
|
1,651,000
|
1,080,485
|
|
6.38%, 05/01/2026 (B)
|
3,501,000
|
2,960,282
|
|
8.38%, 05/01/2027
|
5,113,759
|
2,087,354
|
|
|
Principal
|
Value
|
|
CORPORATE DEBT SECURITIES (continued)
|
||
|
Media (continued)
|
||
|
LCPR Senior Secured Financing DAC
|
|
|
|
5.13%, 07/15/2029 (A)(B)
|
$ 2,592,000
|
$ 2,156,947
|
|
6.75%, 10/15/2027 (A)
|
7,972,000
|
7,429,105
|
|
TEGNA, Inc.
|
|
|
|
4.63%, 03/15/2028
|
1,791,000
|
1,641,287
|
|
4.75%, 03/15/2026 (A)
|
1,592,000
|
1,567,603
|
|
Univision Communications, Inc.
|
|
|
|
6.63%, 06/01/2027 (A)
|
2,880,000
|
2,864,093
|
|
8.00%, 08/15/2028 (A)
|
3,377,000
|
3,393,868
|
|
8.50%, 07/31/2031 (A)
|
3,594,000
|
3,555,189
|
|
Virgin Media Finance PLC
|
|
|
|
5.00%, 07/15/2030 (A)
|
3,222,000
|
2,715,616
|
|
VZ Secured Financing BV
|
|
|
|
5.00%, 01/15/2032 (A)
|
12,699,000
|
11,126,802
|
|
|
|
103,890,730
|
|
Metals & Mining - 5.3%
|
||
|
Big River Steel LLC/BRS Finance Corp.
|
|
|
|
6.63%, 01/31/2029 (A)
|
8,475,000
|
8,492,230
|
|
Cleveland-Cliffs, Inc.
|
|
|
|
7.00%, 03/15/2032 (A)(B)
|
6,542,000
|
6,566,775
|
|
Constellium SE
|
|
|
|
5.63%, 06/15/2028 (A)
|
3,982,000
|
3,914,506
|
|
5.88%, 02/15/2026 (A)
|
10,638,000
|
10,625,782
|
|
Enviri Corp.
|
|
|
|
5.75%, 07/31/2027 (A)
|
6,803,000
|
6,601,410
|
|
FMG Resources August 2006 Pty. Ltd.
|
|
|
|
5.88%, 04/15/2030 (A)
|
4,816,000
|
4,745,845
|
|
6.13%, 04/15/2032 (A)
|
5,175,000
|
5,122,479
|
|
Mineral Resources Ltd.
|
|
|
|
8.13%, 05/01/2027 (A)
|
3,701,000
|
3,750,357
|
|
8.50%, 05/01/2030 (A)
|
5,471,000
|
5,702,691
|
|
9.25%, 10/01/2028 (A)
|
1,101,000
|
1,169,287
|
|
New Gold, Inc.
|
|
|
|
7.50%, 07/15/2027 (A)
|
6,437,000
|
6,512,873
|
|
Novelis Corp.
|
|
|
|
4.75%, 01/30/2030 (A)
|
7,822,000
|
7,373,831
|
|
|
|
70,578,066
|
|
Mortgage Real Estate Investment Trusts - 0.4%
|
||
|
Ladder Capital Finance
Holdings LLLP/Ladder Capital Finance
Corp.
|
|
|
|
5.25%, 10/01/2025 (A)
|
4,127,000
|
4,105,145
|
|
7.00%, 07/15/2031 (A)
|
1,596,000
|
1,631,495
|
|
|
|
5,736,640
|
|
Oil, Gas & Consumable Fuels - 11.7%
|
||
|
Antero Midstream Partners LP/Antero
Midstream Finance Corp.
|
|
|
|
6.63%, 02/01/2032 (A)
|
5,665,000
|
5,779,773
|
|
Chord Energy Corp.
|
|
|
|
6.38%, 06/01/2026 (A)
|
3,880,000
|
3,896,657
|
|
Civitas Resources, Inc.
|
|
|
|
8.63%, 11/01/2030 (A)
|
210,000
|
226,728
|
|
8.75%, 07/01/2031 (A)
|
6,138,000
|
6,600,615
|
Page 5
Transamerica High Yield Bond
SCHEDULE OF INVESTMENTS (continued) At July 31, 2024
(unaudited)
SCHEDULE OF INVESTMENTS (continued)
|
|
Principal
|
Value
|
|
CORPORATE DEBT SECURITIES (continued)
|
||
|
Oil, Gas & Consumable Fuels (continued)
|
||
|
Xxxxxxxx Resources, Inc.
|
|
|
|
5.88%, 01/15/2030 (A)
|
$ 2,947,000
|
$ 2,733,625
|
|
CrownRock LP/CrownRock Finance, Inc.
|
|
|
|
5.63%, 10/15/2025 (A)
|
4,589,000
|
4,586,266
|
|
EnLink Midstream LLC
|
|
|
|
6.50%, 09/01/2030 (A)
|
6,354,000
|
6,611,261
|
|
EQM Midstream Partners LP
|
|
|
|
6.00%, 07/01/2025 (A)
|
554,000
|
553,799
|
|
6.38%, 04/01/2029 (A)
|
3,327,000
|
3,396,714
|
|
6.50%, 07/01/2027 (A)
|
2,217,000
|
2,259,451
|
|
Genesis Energy LP/Genesis Energy
Finance Corp.
|
|
|
|
7.88%, 05/15/2032
|
591,000
|
602,799
|
|
8.25%, 01/15/2029
|
356,000
|
370,313
|
|
8.88%, 04/15/2030
|
2,660,000
|
2,815,222
|
|
Harvest Midstream I LP
|
|
|
|
7.50%, 05/15/2032 (A)
|
4,732,000
|
4,871,589
|
|
Xxxx Midstream Operations LP
|
|
|
|
6.50%, 06/01/2029 (A)
|
6,558,000
|
6,685,612
|
|
XX Xxxxxxxx Corp.
|
|
|
|
6.38%, 04/15/2027 (A)
|
4,426,000
|
4,468,115
|
|
Xxxxxx Midstream Energy Partners LLC
|
|
|
|
7.38%, 07/15/2032 (A)
|
517,000
|
532,619
|
|
Ithaca Energy North Sea PLC
|
|
|
|
9.00%, 07/15/2026 (A)
|
6,358,000
|
6,465,164
|
|
Xxxxxx Xxxxxx, Inc.
|
|
|
|
8.05%, 10/15/2030
|
2,486,000
|
2,854,695
|
|
Matador Resources Co.
|
|
|
|
6.50%, 04/15/2032 (A)
|
938,000
|
942,456
|
|
Xxxx Creek Resources Holdings, Inc.
|
|
|
|
7.50%, 01/15/2026 (A)
|
853,000
|
852,206
|
|
10.50%, 05/15/2027 (A)
|
3,345,000
|
3,421,443
|
|
Occidental Petroleum Corp.
|
|
|
|
6.45%, 09/15/2036
|
6,446,000
|
6,885,250
|
|
6.63%, 09/01/2030
|
2,766,000
|
2,952,130
|
|
7.15%, 05/15/2028
|
4,012,000
|
4,253,554
|
|
Ovintiv, Inc.
|
|
|
|
7.38%, 11/01/2031
|
2,000,000
|
2,208,979
|
|
Parkland Corp.
|
|
|
|
5.88%, 07/15/2027 (A)
|
3,478,000
|
3,466,463
|
|
PBF Holding Co. LLC/PBF Finance Corp.
|
|
|
|
7.88%, 09/15/2030 (A)(B)
|
4,488,000
|
4,639,681
|
|
Permian Resources Operating LLC
|
|
|
|
6.25%, 02/01/2033 (A)(G)
|
4,690,000
|
4,718,320
|
|
7.00%, 01/15/2032 (A)
|
6,292,000
|
6,513,057
|
|
SM Energy Co.
|
|
|
|
6.50%, 07/15/2028
|
782,000
|
779,331
|
|
6.63%, 01/15/2027
|
4,665,000
|
4,665,882
|
|
6.75%, 09/15/2026
|
3,319,000
|
3,319,650
|
|
7.00%, 08/01/2032 (A)
|
3,381,000
|
3,416,633
|
|
Summit Midstream Holdings LLC
|
|
|
|
8.63%, 10/31/2029 (A)
|
1,568,000
|
1,604,258
|
|
Summit Midstream Holdings LLC/Summit
Midstream Finance Corp.
|
|
|
|
9.50%, 10/15/2026 (A)(M)
|
1,274,000
|
1,309,346
|
|
|
Principal
|
Value
|
|
CORPORATE DEBT SECURITIES (continued)
|
||
|
Oil, Gas & Consumable Fuels (continued)
|
||
|
Targa Resources Partners LP/Targa
Resources Partners Finance Corp.
|
|
|
|
5.00%, 01/15/2028
|
$ 2,590,000
|
$ 2,565,294
|
|
5.50%, 03/01/2030
|
5,701,000
|
5,709,865
|
|
Venture Global LNG, Inc.
|
|
|
|
9.50%, 02/01/2029 (A)
|
4,081,000
|
4,534,305
|
|
9.88%, 02/01/2032 (A)
|
9,042,000
|
10,036,520
|
|
Vital Energy, Inc.
|
|
|
|
9.75%, 10/15/2030
|
2,665,000
|
2,913,919
|
|
Western Midstream Operating LP
|
|
|
|
5.30%, 03/01/2048
|
6,707,000
|
5,886,947
|
|
5.45%, 04/01/2044
|
2,246,000
|
2,053,627
|
|
|
|
155,960,133
|
|
Paper & Forest Products - 0.8%
|
||
|
Domtar Corp.
|
|
|
|
6.75%, 10/01/2028 (A)
|
4,617,000
|
4,202,304
|
|
Xxxxxxxxxx Corp.
|
|
|
|
4.75%, 11/15/2029 (A)(B)
|
8,098,000
|
6,862,442
|
|
|
|
11,064,746
|
|
Personal Care Products - 0.2%
|
||
|
Coty, Inc./HFC Prestige Products, Inc./HFC
Prestige International US LLC
|
|
|
|
6.63%, 07/15/2030 (A)(B)
|
2,591,000
|
2,660,761
|
|
Pharmaceuticals - 1.1%
|
||
|
Bausch Health Americas, Inc.
|
|
|
|
8.50%, 01/31/2027 (A)(B)
|
3,188,000
|
2,359,120
|
|
Bausch Health Cos., Inc.
|
|
|
|
7.00%, 01/15/2028 (A)
|
3,255,000
|
1,887,900
|
|
Grifols SA
|
|
|
|
4.75%, 10/15/2028 (A)(B)
|
3,120,000
|
2,842,307
|
|
Organon & Co./Organon Foreign Debt Co-
Issuer BV
|
|
|
|
4.13%, 04/30/2028 (A)
|
1,698,000
|
1,593,766
|
|
5.13%, 04/30/2031 (A)
|
4,292,000
|
3,947,427
|
|
6.75%, 05/15/2034 (A)
|
1,919,000
|
1,935,816
|
|
|
|
14,566,336
|
|
Real Estate Management & Development - 0.4%
|
||
|
Cushman & Wakefield US Borrower LLC
|
|
|
|
6.75%, 05/15/2028 (A)
|
1,957,000
|
1,958,826
|
|
8.88%, 09/01/2031 (A)
|
2,887,000
|
3,104,859
|
|
|
|
5,063,685
|
|
Software - 1.1%
|
||
|
Central Parent LLC/CDK Global
II LLC/CDK Financing Co., Inc.
|
|
|
|
8.00%, 06/15/2029 (A)
|
5,346,000
|
5,469,937
|
|
Helios Software Holdings, Inc./ION
Corporate Solutions Finance SARL
|
|
|
|
4.63%, 05/01/2028 (A)
|
2,826,000
|
2,576,570
|
|
8.75%, 05/01/2029 (A)
|
4,000,000
|
4,129,788
|
|
UKG, Inc.
|
|
|
|
6.88%, 02/01/2031 (A)
|
2,969,000
|
3,051,640
|
|
|
|
15,227,935
|
Page 6
Transamerica High Yield Bond
SCHEDULE OF INVESTMENTS (continued) At July 31, 2024
(unaudited)
SCHEDULE OF INVESTMENTS (continued)
|
|
Principal
|
Value
|
|
CORPORATE DEBT SECURITIES (continued)
|
||
|
Specialized REITs - 0.5%
|
||
|
Iron Mountain, Inc.
|
|
|
|
5.25%, 03/15/2028 (A)
|
$ 3,967,000
|
$ 3,882,121
|
|
7.00%, 02/15/2029 (A)
|
2,473,000
|
2,540,340
|
|
|
|
6,422,461
|
|
Specialty Retail - 0.8%
|
||
|
Bath & Body Works, Inc.
|
|
|
|
6.63%, 10/01/2030 (A)
|
1,247,000
|
1,258,676
|
|
6.75%, 07/01/2036
|
1,960,000
|
1,961,544
|
|
6.88%, 11/01/2035
|
1,468,000
|
1,487,099
|
|
7.50%, 06/15/2029 (B)
|
4,949,000
|
5,097,470
|
|
9.38%, 07/01/2025 (A)
|
522,000
|
537,926
|
|
|
|
10,342,715
|
|
Technology Hardware, Storage & Peripherals - 1.1%
|
||
|
NCR Voyix Corp.
|
|
|
|
5.00%, 10/01/2028 (A)
|
2,066,000
|
1,969,370
|
|
5.13%, 04/15/2029 (A)
|
6,242,000
|
5,955,294
|
|
5.25%, 10/01/2030 (A)
|
1,994,000
|
1,869,898
|
|
Western Digital Corp.
|
|
|
|
4.75%, 02/15/2026
|
4,591,000
|
4,510,782
|
|
|
|
14,305,344
|
|
Wireless Telecommunication Services - 1.7%
|
||
|
Altice France SA
|
|
|
|
8.13%, 02/01/2027 (A)(B)
|
5,161,000
|
4,114,624
|
|
Sprint LLC
|
|
|
|
7.63%, 03/01/2026
|
1,427,000
|
1,465,532
|
|
Vmed O2 UK Financing I PLC
|
|
|
|
7.75%, 04/15/2032 (A)
|
16,941,000
|
16,881,442
|
|
|
|
22,461,598
|
|
Total Corporate Debt Securities
(Cost $1,277,198,177)
|
|
1,247,308,300
|
|
LOAN ASSIGNMENTS - 4.0%
|
||
|
Automobile Components - 0.2%
|
||
|
Clarios Global LP
Term Loan B,
3-Month Term SOFR + 2.50%,
7.84% (D), 05/06/2030
|
2,763,075
|
2,769,983
|
|
Commercial Services & Supplies - 0.5%
|
||
|
Garda World Security Corp.
Term Loan B,
3-Month Term SOFR + 4.25%,
9.59% (D), 02/01/2029
|
6,128,731
|
6,145,585
|
|
Containers & Packaging - 0.9%
|
||
|
Anchor Glass Container Corp.
Term Loan,
3-Month Term SOFR + 5.00%,
10.59% (D), 12/07/2025
|
5,537,597
|
4,014,758
|
|
Clydesdale Acquisition Holdings, Inc.
Term Loan B,
1-Month Term SOFR + 3.68%,
9.12% (D), 04/13/2029
|
2,984,772
|
2,985,518
|
|
|
Principal
|
Value
|
|
LOAN ASSIGNMENTS (continued)
|
||
|
Containers & Packaging (continued)
|
||
|
Reynolds Group Holdings, Inc.
Term Loan B3,
1-Month Term SOFR + 2.50%,
7.84% (D), 09/24/2028
|
$ 3,233,411
|
$ 3,240,990
|
|
Trident TPI Holdings, Inc.
Term Loan B6,
3-Month Term SOFR + 4.00%,
9.33% (D), 09/15/2028
|
2,527,285
|
2,539,633
|
|
|
|
12,780,899
|
|
Hotels, Restaurants & Leisure - 0.6%
|
||
|
Caesars Entertainment, Inc.
Term Loan B1,
3-Month Term SOFR + 2.75%,
8.10% (D), 02/06/2031
|
5,162,063
|
5,165,748
|
|
Hilton Grand Vacations Borrower LLC
Term Loan B,
1-Month Term SOFR + 2.25%,
7.59% (D), 01/17/2031
|
2,822,925
|
2,822,925
|
|
|
|
7,988,673
|
|
IT Services - 0.2%
|
||
|
Rackspace Finance LLC
|
|
|
|
1st Lien Term Loan,
1-Month Term SOFR + 2.75%,
8.20% (D), 05/15/2028 (G)
|
2,990,798
|
1,380,753
|
|
1st Lien Term Loan,
1-Month Term SOFR + 6.25%,
11.70% (D), 05/15/2028
|
1,489,145
|
1,501,244
|
|
|
|
2,881,997
|
|
Machinery - 0.3%
|
||
|
Madison IAQ LLC
Term Loan,
1-Month Term SOFR + 2.75%,
TBD, 06/21/2028 (G)(N)
|
4,085,940
|
4,093,238
|
|
Media - 0.4%
|
||
|
Ziggo Financing Partnership
Term Loan I,
TBD, 04/30/2028 (G)(N)
|
5,000,000
|
4,910,155
|
|
Software - 0.9%
|
||
|
Central Parent, Inc.
Term Loan B,
3-Month Term SOFR + 3.25%,
8.58% (D), 07/06/2029
|
6,687,245
|
6,616,654
|
|
UKG, Inc.
Term Loan B,
3-Month Term SOFR + 3.25%,
8.55% (D), 02/10/2031
|
5,550,000
|
5,565,213
|
|
|
|
12,181,867
|
|
Total Loan Assignments
(Cost $54,674,218)
|
|
53,752,397
|
|
|
Shares
|
Value
|
|
COMMON STOCKS - 0.1%
|
||
|
Electric Utilities - 0.0% (O)
|
||
|
Homer City Generation LLC (I)(J)(K)
|
270,659
|
2,707
|
Page 7
Transamerica High Yield Bond
SCHEDULE OF INVESTMENTS (continued) At July 31, 2024
(unaudited)
SCHEDULE OF INVESTMENTS (continued)
|
|
Shares
|
Value
|
|
COMMON STOCKS (continued)
|
||
|
Oil, Gas & Consumable Fuels - 0.0% (O)
|
||
|
Ultra Resources, Inc. (I)(J)(K)(P)
|
3,226
|
$ 0
|
|
Software - 0.1%
|
||
|
ASG WT Corp. (I)(J)(K)
|
1,265
|
57,937
|
|
Avaya Holdings Corp. (I)(K)
|
233,572
|
1,576,611
|
|
|
|
1,634,548
|
|
Total Common Stocks
(Cost $16,709,642)
|
|
1,637,255
|
|
OTHER INVESTMENT COMPANY - 5.6%
|
||
|
Securities Lending Collateral - 5.6%
|
||
|
State Street Navigator Securities Lending
Trust - Government Money Market Portfolio,
5.26% (Q)
|
73,921,265
|
73,921,265
|
|
Total Other Investment Company
(Cost $73,921,265)
|
73,921,265
|
|
|
|
Principal
|
Value
|
|
REPURCHASE AGREEMENT - 2.1%
|
||
|
Fixed Income Clearing Corp.,
2.50% (Q), dated 07/31/2024, to be
repurchased at $28,147,860 on 08/01/2024.
Collateralized by a U.S. Government
Obligation, 5.00%, due 09/30/2025, and
with a value of $28,708,843.
|
$ 28,145,905
|
$ 28,145,905
|
|
Total Repurchase Agreement
(Cost $28,145,905)
|
28,145,905
|
|
|
Total Investments
(Cost $1,450,649,207)
|
1,404,765,122
|
|
|
Net Other Assets (Liabilities) - (5.4)%
|
(71,802,695)
|
|
|
Net Assets - 100.0%
|
$ 1,332,962,427
|
|
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
|
$—
|
$1,247,308,107
|
$193
|
$1,247,308,300
|
|
Loan Assignments
|
—
|
53,752,397
|
—
|
53,752,397
|
|
Common Stocks
|
—
|
1,576,611
|
60,644
|
1,637,255
|
|
Other Investment Company
|
73,921,265
|
—
|
—
|
73,921,265
|
|
Repurchase Agreement
|
—
|
28,145,905
|
—
|
28,145,905
|
|
Total Investments
|
$73,921,265
|
$1,330,783,020
|
$60,837
|
$1,404,765,122
|
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 $1,011,400,658, representing 75.9% of the
Fund's net assets.
|
|
(B)
|
All or a portion of the security is on loan. The total value of the securities on
loan is $79,438,648, collateralized by cash collateral of $73,921,265 and
non-cash collateral, such as U.S. government securities and irrevocable letters of
credit, of $7,186,120. 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.
|
|
(C)
|
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
|
|
Corporate Debt
Securities
|
Encompass Health Corp.
5.75%, 09/15/2025
|
06/14/2018 - 08/14/2023
|
$5,389,411
|
$5,216,390
|
0.4
%
|
|
Corporate Debt
Securities
|
Goodyear Tire & Rubber Co.
9.50%, 05/31/2025
|
05/13/2020 - 01/09/2024
|
5,633,125
|
5,474,476
|
0.4
|
|
|
|
|
$11,022,536
|
$10,690,866
|
0.8
%
|
|
(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.
|
|
(E)
|
Perpetual maturity. The date displayed is the next call date.
|
Page 8
Transamerica High Yield Bond
SCHEDULE OF INVESTMENTS (continued) At July 31, 2024
(unaudited)
SCHEDULE OF INVESTMENTS (continued)
FOOTNOTES TO SCHEDULE OF INVESTMENTS (continued):
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(F)
|
Payment in-kind. Security pays interest or dividends in the form of additional bonds
or preferred stock. If the security makes a cash payment in addition
to in-kind, the cash rate is disclosed separately.
|
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(G)
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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.
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(H)
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Security in default; no interest payments received and/or dividends declared during
the last 12 months. At July 31, 2024, the value of this security is $91,
representing 0.0% of the Fund's net assets.
|
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(I)
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Non-income producing security.
|
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(J)
|
Security is Level 3 of the fair value hierarchy.
|
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(K)
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Fair valued as determined in good faith in accordance with TAM's procedures. At July
31, 2024, the total value of the securities is $1,637,448,
representing 0.1% of the Fund’s net assets.
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(L)
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Escrow position. Position represents remaining escrow balance expected to be received
upon finalization of restructuring.
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(M)
|
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.
|
|
(N)
|
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.
|
|
(O)
|
Percentage rounds to less than 0.1% or (0.1)%.
|
|
(P)
|
Security deemed worthless.
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(Q)
|
Rate disclosed reflects the yield at July 31, 2024.
|
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(R)
|
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.
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(S)
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Level 3 security was not considered significant to the Fund.
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PORTFOLIO ABBREVIATION(S):
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REIT
|
Real Estate Investment Trust
|
|
SOFR
|
Secured Overnight Financing Rate
|
|
TBD
|
To Be Determined
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Page 9
Transamerica High Yield Bond
NOTES TO SCHEDULE OF INVESTMENTS At July 31, 2024
(unaudited)
NOTES TO SCHEDULE OF INVESTMENTS
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 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:
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.
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
Transamerica Funds
Page 10
Transamerica High Yield Bond
NOTES TO SCHEDULE OF INVESTMENTS (continued) At July 31, 2024
(unaudited)
NOTES TO SCHEDULE OF INVESTMENTS (continued)
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.
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.
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