(null)

NPORT-P false 0000787623 XXXXXXXX S000007808 C000081837 C000021277 C000021279 C000035463 TRANSAMERICA FUNDS 811-04556 0000787623 54930088ZHZE1VMYEY52 1801 CALIFORNIA STREET SUITE 5200 DENVER 80202 720-493-4256 Transamerica Asset Allocation - Moderate Portfolio S000007808 549300VJA4OV8DVLG337 2021-10-31 2021-07-31 N 1350052949.93 895097.46 1349157852.47 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 18386165.06000000 N Transamerica Short-Term Bond 549300151BL06CDX4A76 Transamerica Short-Term Bond 893961292 4155008.73600000 NS USD 42464189.28000000 3.147458927971 Long EC RF US N 1 N N N Transamerica Core Bond 549300X2MQP8EJ7WT185 Transamerica Core Bond 893962423 9369634.66600000 NS USD 95289184.55000000 7.062864021103 Long EC RF US N 1 N N N Transamerica Event Driven 549300B3VDNNUJ0ERX70 Transamerica Event Driven 89354D742 1223901.17000000 NS USD 13634259.03000000 1.010575523467 Long EC RF US N 1 N N N Transamerica Emerging Markets Opportunities 549300Q6NK6QLC610345 Transamerica Emerging Markets Opportunities 89360T210 3428260.84800000 NS USD 40590608.44000000 3.008588532890 Long EC RF US N 1 N N N Transamerica Emerging Markets Debt 549300UOGL5KQ4NPEX35 Transamerica Emerging Markets Debt Fund 893509141 4266953.20300000 NS USD 46552459.44000000 3.450482784855 Long EC RF US N 1 N N N Transamerica Inflation Opportunities 54930063RIQTGVT8N429 Transamerica Inflation Opportunities 89354D841 2585959.47900000 NS USD 29454078.47000000 2.183145464859 Long EC RF US N 1 N N N Transamerica Sustainable Equity Income 549300PXT2RE0VZG7787 Transamerica Sustainable Equity Income 89355J532 4407398.67300000 NS USD 40548067.79000000 3.005435406669 Long EC RF US N 1 N N N Transamerica Small Cap Value 549300RKIQDFFOVG9875 Transamerica Small Cap Value 89355J763 1092032.56500000 NS USD 13748689.99000000 1.019057181843 Long EC RF US N 1 N N N Transamerica US Growth 549300CGBSDCLRHKAO38 Transamerica US Growth 893962373 3650004.21800000 NS USD 118260136.66000000 8.765478142049 Long EC RF US N 1 N N N Transamerica Small Cap Growth 549300CCDLPC22NHUA05 Transamerica Small Cap Growth 89355J656 1512475.65200000 NS USD 14202146.37000000 1.052667509883 Long EC RF US N 1 N N N Transamerica Bond 54930028OHE6MAPEQC05 Transamerica Bond 893961334 9895050.18200000 NS USD 95784085.76000000 7.099546252845 Long EC RF US N 1 N N N Transamerica Mid Cap Growth 549300BVKN1RJS81UT94 Transamerica Mid Cap Growth 89355J359 638417.79000000 NS USD 9499656.72000000 0.704117513203 Long EC RF US N 1 N N N Transamerica Total Return 6NATCQMRI6NRJIP7IF06 Transamerica Total Return 893961474 20241109.48500000 NS USD 211114771.93000000 15.64789261267 Long EC RF US N 1 N N N Transamerica High Yield Bond 549300E2RRC6XIJ79123 Transamerica High Yield Bond 893961367 1539011.86500000 NS USD 14297420.23000000 1.059729238044 Long EC RF US N 1 N N N TA GLOBAL ALLOC LIQUID TRUST N/A TA GLOBAL ALLOC LIQUID TRUST MUTUAL FUND 000000000 3627.21700000 NS USD 8537.74000000 0.000632819946 Long EC RF US Y N/A N N N Transamerica Intermediate Bond 549300ZF0O00XTDBKY49 Transamerica Intermediate Bond 89354D106 8854705.63500000 NS USD 92885862.11000000 6.884729013728 Long EC RF US N 1 N N N TA SMALL COMPANY GROWTH LIQUID N/A TA SMALL COMPANY GROWTH LIQUID TA SMALL COMPANY GROWTH LIQUID 000000000 2886.86100000 NS USD 2026.00000000 0.000150167750 Long EC RF US Y N/A N N N Transamerica Mid Cap Value 549300F0H93TPZ7SGU64 Transamerica Mid Cap Value 893961565 1773929.30100000 NS USD 22386987.78000000 1.659330503025 Long EC RF US N 1 N N N Transamerica Mid Cap Value Opportunities 549300EBY5BMUT2S0673 Transamerica Mid Cap Value Opportunities 89354D767 379366.78500000 NS USD 5462881.70000000 0.404910492126 Long EC RF US N 1 N N N Transamerica Large Cap Value 549300NMC5GPLD2ULC77 Transamerica Large Cap Value 893509257 8602245.70900000 NS USD 115098047.59000000 8.531103115864 Long EC RF US N 1 N N N Transamerica International Equity 549300VAB3EZIHJBZ196 Transamerica International Equity 893509216 4015019.58200000 NS USD 86403221.40000000 6.404233666343 Long EC RF US N 1 N N N Transamerica International Small Cap Value 549300K8V3XQ18VXIY98 Transamerica International Small Cap Value 89355J516 796253.33200000 NS USD 12947079.18000000 0.959641539075 Long EC RF US N 1 N N N Transamerica Energy Infrastructure 5493004X52ZOBDUA4276 Transamerica Energy Infrastructure 89355J482 4176441.60800000 NS USD 26812755.12000000 1.987369755949 Long EC RF US N 1 N N N Transamerica International Stock 549300PMWLIX97VXH139 Transamerica International Stock 89360T293 2608032.96900000 NS USD 30279262.77000000 2.244308382044 Long EC RF US N 1 N N N Transamerica International Growth 5493009P69ULJNMMN265 Transamerica International Growth Fund 893961649 7022713.49900000 NS USD 69946226.45000000 5.184436077805 Long EC RF US N 1 N N N Transamerica Capital Growth 549300OQTGOMBCM7FT39 Transamerica Capital Growth 893509133 3328117.17400000 NS USD 82504024.74000000 6.115223996136 Long EC RF US N 1 N N N Chicago Mercantile Exchange SNZ2OJLFK8MNNCLQOF39 S+P500 EMINI FUT SEP21 000000000 112.00000000 NC USD 954588.45000000 0.070754393064 N/A DE US N 1 Chicago Mercantile Exchange SNZ2OJLFK8MNNCLQOF39 Long E-mini S&P 500 Index ESU1 Index 2021-09-17 23626611.55000000 USD 954588.45000000 N N N 2021-08-30 TRANSAMERICA FUNDS Vincent Toner Vincent Toner Treasurer XXXX


	Shares		Value
INVESTMENT COMPANIES - 98.7%
International Alternative Fund - 0.0% ^(A)
Transamerica Global Allocation Liquidating Trust ^{(B) (C) (D) (E)}		3,627		$ 8,538

International Equity Funds - 17.8%
Transamerica Emerging Markets Opportunities ^(C)		3,428,261		40,590,608
Transamerica International Equity ^(C)		4,015,020		86,403,221
Transamerica International Growth ^(C)		7,022,713		69,946,227
Transamerica International Small Cap Value ^(C)		796,253		12,947,079
Transamerica International Stock ^(C)		2,608,033		30,279,263

				240,166,398

International Fixed Income Funds - 5.6%
Transamerica Emerging Markets Debt ^(C)		4,266,953		46,552,459
Transamerica Inflation Opportunities ^(C)		2,585,959		29,454,079

				76,006,538

U.S. Alternative Fund - 1.0%
Transamerica Event Driven ^(C)		1,223,901		13,634,259

U.S. Equity Funds - 31.3%
Transamerica Capital Growth ^(C)		3,328,117		82,504,025
Transamerica Large Cap Value ^(C)		8,602,246		115,098,047
Transamerica Mid Cap Growth ^(C)		638,418		9,499,657
Transamerica Mid Cap Value ^(C)		1,773,929		22,386,988
Transamerica Mid Cap Value Opportunities ^(C)		379,367		5,462,882
Transamerica Small Cap Growth ^(C)		1,512,476		14,202,146
Transamerica Small Cap Value ^(C)		1,092,033		13,748,690


	Shares		Value
INVESTMENT COMPANIES (continued)
U.S. Equity Funds (continued)
Transamerica Small Company Growth Liquidating Trust ^{(B) (C) (D) (E)}		2,887		$ 2,026
Transamerica Sustainable Equity Income ^(C)		4,407,399		40,548,068
Transamerica US Growth ^(C)		3,650,004		118,260,136

				421,712,665

U.S. Fixed Income Funds - 41.0%
Transamerica Bond ^(C)		9,915,833		95,985,264
Transamerica Core Bond ^(C)		9,369,635		95,289,185
Transamerica High Yield Bond ^(C)		1,544,803		14,351,224
Transamerica Intermediate Bond ^(C)		8,854,706		92,885,862
Transamerica Short-Term Bond ^(C)		4,160,085		42,516,069
Transamerica Total Return ^(C)		20,241,109		211,114,772

				552,142,376

U.S. Mixed Allocation Fund - 2.0%
Transamerica Energy Infrastructure ^(C)		4,176,442		26,812,755

Total Investment Companies (Cost $1,069,689,640)				1,330,483,529

Total Investments (Cost $1,069,689,640)				1,330,483,529
Net Other Assets (Liabilities) - 1.3%				17,298,375

Net Assets - 100.0%				$ 1,347,781,904

All investments in securities are recorded at their estimated fair value. The Fund values its investments at the official close of the New York Stock Exchange (“NYSE”) each day the NYSE is open for business.

The Fund 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 the Fund’s own assumptions used in determining the fair value of investments and derivative instruments.

The inputs used to measure fair value may fall into different Levels of the fair value hierarchy. In such cases, for disclosure purposes, the Level in the fair value hierarchy that is assigned to the fair value measurement of a security is determined based on the lowest Level input that is significant to the fair value measurement in its entirety. Certain investments that are measured at fair value using Net Asset Value (“NAV”) per share, or its equivalent, using the “practical expedient” have not been classified in the fair value Levels. The hierarchy classification of inputs used to value the Fund’s investments at July 31, 2021, 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:

Investment companies: Certain investment companies are valued at the NAV as the practical expedient. These investment companies are not included within the fair value hierarchy. Certain other investment companies are valued at the actively traded NAV and no valuation adjustments are applied. These investment companies are categorized in Level 1 of the fair value hierarchy.

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.

Derivative instruments: Centrally cleared or listed derivatives that are actively traded are valued based on quoted prices from the exchange and are categorized in Level 1 of the fair value hierarchy. Over-the-counter (“OTC”) derivative contracts include forward, swap, swaption, and option contracts related to interest rates, foreign currencies, credit standing of reference entities, equity prices, or commodity prices. Depending on the product and the terms of the transaction, the fair value of the OTC derivative products are modeled taking into account the counterparties’ creditworthiness and using a series of techniques, including simulation models. Many pricing models do not entail material subjectivity because the methodologies employed do not necessitate significant judgments and the pricing inputs are observed from actively quoted markets, as is the case of interest rate swap and option contracts. The majority of OTC derivative products valued by the Fund using pricing models fall into this category and are categorized within Level 2 of the fair value hierarchy or Level 3 if inputs are unobservable.


Description	Number of Contracts	Expiration Date		Notional Amount			Value			Unrealized Appreciation			Unrealized Depreciation
S&P 500^® E-Mini Index	112		09/17/2021		$	23,626,612		$	24,581,200		$	954,588		$	—


	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Investment Companies	$	1,330,472,965	$	—	$	—	$	1,330,472,965

Total	$	1,330,472,965	$	—	$	—	$	1,330,472,965

Investment Companies Measured at Net Asset Value ^(E)								10,564

Total Investments							$	1,330,483,529

Other Financial Instruments
Futures Contracts ^(G)	$	954,588	$	—	$	—	$	954,588

Total Other Financial Instruments	$	954,588	$	—	$	—	$	954,588


Affiliated Investments	Value October 31, 2020		Purchases at Cost		Proceeds from Sales			Net Realized Gain (Loss)			Net Change in Unrealized Appreciation (Depreciation)			Value July 31, 2021		Shares as of July 31, 2021		Dividend Income		Net Capital Gain Distributions
Transamerica Bond	$	87,816,898	$	7,357,142	$	—		$	—		$	811,224		$	95,985,264		9,915,833	$	2,247,274	$	108,531
Transamerica Capital Growth		72,425,070		17,419,922		(22,000,000	)		5,733,824			8,925,209			82,504,025		3,328,117		—		9,919,923
Transamerica Core Bond		83,988,609		14,772,158		—			—			(3,471,582	)		95,289,185		9,369,635		1,881,910		3,140,248
Transamerica Emerging Markets Debt		43,321,827		959,182		—			—			2,271,450			46,552,459		4,266,953		1,150,232		—
Transamerica Emerging Markets Opportunities		38,475,643		266,221		(6,000,000	)		1,083,467			6,765,277			40,590,608		3,428,261		266,220		—
Transamerica Energy Infrastructure		25,618,723		542,539		(9,000,000	)		(385,701	)		10,037,194			26,812,755		4,176,442		1,083,882		—
Transamerica Event Driven		13,000,074		963,260		—			—			(329,075	)		13,634,259		1,223,901		426,494		536,766
Transamerica Global Allocation Liquidating Trust		10,282		—		—			—			(1,744	)		8,538		3,627		—		—
Transamerica High Yield Bond		12,894,643		480,568		—			—			976,013			14,351,224		1,544,803		480,575		—
Transamerica Inflation Opportunities		27,735,946		409,783		—			—			1,308,350			29,454,079		2,585,959		409,782		—
Transamerica Intermediate Bond		91,574,598		4,370,055		—			—			(3,058,791	)		92,885,862		8,854,706		2,665,911		1,704,144
Transamerica International Equity		80,267,589		1,256,537		(22,000,000	)		2,756,299			24,122,796			86,403,221		4,015,020		1,256,537		—
Transamerica International Growth		64,244,924		708,278		(12,400,000	)		1,151,227			16,241,798			69,946,227		7,022,713		708,277		—
Transamerica International Small Cap Value		12,378,211		160,419		(4,000,000	)		1,288,305			3,120,144			12,947,079		796,253		160,420		—
Transamerica International Stock		24,598,584		388,743		(3,000,000	)		355,793			7,936,143			30,279,263		2,608,033		388,743		—
Transamerica Large Cap Value		71,914,846		31,892,390		(22,000,000	)		3,804,704			29,486,107			115,098,047		8,602,246		892,390		—
Transamerica Mid Cap Growth		9,412,367		491,544		(2,500,000	)		777,853			1,317,893			9,499,657		638,418		152,806		338,737
Transamerica Mid Cap Value		17,142,662		3,368,696		(2,000,000	)		323,516			3,552,114			22,386,988		1,773,929		220,429		3,148,266
Transamerica Mid Cap Value Opportunities		6,232,392		74,086		(3,500,000	)		1,072,816			1,583,588			5,462,882		379,367		74,087		—
Transamerica Short-Term Bond		36,704,811		5,479,859		—			—			331,399			42,516,069		4,160,085		480,292		—
Transamerica Small Cap Growth		6,237,340		5,591,570		—			—			2,373,236			14,202,146		1,512,476		—		591,570
Transamerica Small Cap Value		6,292,365		4,020,643		—			—			3,435,682			13,748,690		1,092,033		20,643		—
Transamerica Small Company Growth Liquidating Trust		2,026		—		—			—			—			2,026		2,887		—		—
Transamerica Sustainable Equity Income		79,936,250		1,018,072		(62,000,000	)		(9,934,436	)		31,528,182			40,548,068		4,407,399		1,018,072		—
Transamerica Total Return		198,955,965		27,928,610		(5,000,000	)		(289,443	)		(10,480,360	)		211,114,772		20,241,109		9,780,713		3,397,897
Transamerica US Growth		103,256,423		10,348,476		(17,750,000	)		6,093,703			16,311,534			118,260,136		3,650,004		227,179		10,121,297

Total	$	1,214,439,068	$	140,268,753	$	(193,150,000	)	$	13,831,927		$	155,093,781		$	1,330,483,529		109,600,209	$	25,992,868	$	33,007,379


(E)		Certain investments are measured at fair value using the net asset value per share, or its equivalent, practical expedient and have not been classified in the fair value levels. The fair value amount presented is intended to permit reconciliation to the Total Investments amount presented within the Schedule of Investments.
(F)		There were no transfers in or out of Level 3 during the period ended July 31, 2021. Please reference the Investment Valuation section of the Notes to Schedule of Investments for more information regarding investment valuation and pricing inputs.
(G)		Derivative instruments are valued at unrealized appreciation (depreciation).


(A)		Percentage rounds to less than 0.1% or (0.1)%.
(B)		Non-income producing securities.
(C)		Affiliated investment in the Class I2 shares of Transamerica Funds, and liquidating trusts of former Transamerica Funds. The Fund’s transactions and earnings are as follows:


(D)		Restricted securities. At July 31, 2021, the value of such securities held by the Fund are as follows:


Transamerica Funds			Page 1


Transamerica Funds			Page 2


Transamerica Funds			Page 3


Transamerica Funds			Page 4