Transamerica US Growth
SCHEDULE OF INVESTMENTS
At July 31, 2026
(unaudited)
 
 
Shares
Value
COMMON STOCKS - 99.1% 
Aerospace & Defense - 3.8% 
Axon Enterprise, Inc. (A)
36,042
$  19,021,526
FTAI Aviation Ltd.
92,706
19,097,436
General Electric Co.
147,061
52,952,254
L3 Harris Technologies, Inc.
57,892
16,039,558
 
 
107,110,774
Automobiles - 1.4% 
Tesla, Inc. (A)
124,136
38,632,364
Biotechnology - 0.6% 
Natera, Inc. (A)
62,453
16,722,415
Broadline Retail - 3.0% 
Amazon.com, Inc. (A)
317,727
86,288,299
Building Products - 0.6% 
Johnson Controls International PLC
118,038
17,311,453
Capital Markets - 0.7% 
Interactive Brokers Group, Inc., Class A
68,516
6,028,723
KKR & Co., Inc.
148,736
15,086,292
 
 
21,115,015
Chemicals - 1.0% 
Sherwin-Williams Co.
79,966
27,256,411
Communications Equipment - 1.5% 
Arista Networks, Inc. (A)
238,660
43,042,331
Consumer Staples Distribution & Retail - 1.4% 
BJ's Wholesale Club Holdings, Inc. (A)
205,657
20,109,141
Walmart, Inc.
188,445
20,955,084
 
 
41,064,225
Diversified Telecommunication Services - 0.4% 
Space Exploration Technologies Corp.,
Class A (A)(B)
107,500
11,649,775
Electrical Equipment - 1.2% 
Eaton Corp. PLC
41,113
17,070,118
Vertiv Holdings Co., Class A
72,765
17,577,841
 
 
34,647,959
Electronic Equipment, Instruments & Components - 3.8% 
Advanced Energy Industries, Inc.
26,503
7,673,149
Amphenol Corp., Class A
213,043
34,236,010
Coherent Corp. (A)
44,939
11,814,014
Corning, Inc.
178,927
24,736,658
Fabrinet (A)
7,998
3,482,409
Flex Ltd. (A)
88,324
10,046,855
Keysight Technologies, Inc. (A)
48,482
15,469,636
 
 
107,458,731
Entertainment - 2.5% 
Liberty Media Corp. - Liberty Formula One,
Class C (A)
196,142
19,247,415
Netflix, Inc. (A)
714,730
51,253,288
 
 
70,500,703
 
Shares
Value
COMMON STOCKS (continued)
Financial Services - 3.2% 
Mastercard, Inc., Class A
135,379
$  77,585,705
Rocket Cos., Inc., Class A (A)
1,074,423
13,860,057
 
 
91,445,762
Health Care Equipment & Supplies - 0.8% 
Dexcom, Inc. (A)
256,603
21,413,520
Health Care Technology - 0.4% 
Veeva Systems, Inc., Class A (A)
56,753
11,565,126
Hotels, Restaurants & Leisure - 2.1% 
DoorDash, Inc., Class A (A)
119,514
23,443,866
Hilton Worldwide Holdings, Inc.
45,715
14,651,201
Royal Caribbean Cruises Ltd.
72,224
22,988,899
 
 
61,083,966
Interactive Media & Services - 11.9% 
Alphabet, Inc., Class A
654,229
232,990,574
Meta Platforms, Inc., Class A
189,590
105,546,649
 
 
338,537,223
IT Services - 2.3% 
Cloudflare, Inc., Class A (A)
94,903
26,476,039
Quantinuum, Inc., Class A (A)
28,200
1,449,762
Shopify, Inc., Class A (A)
133,212
15,605,786
Snowflake, Inc., Class A (A)
70,735
20,745,160
 
 
64,276,747
Machinery - 0.7% 
Cummins, Inc.
31,409
19,919,588
Media - 0.4% 
EchoStar Corp., Class A (A)(B)
137,719
11,580,791
Oil, Gas & Consumable Fuels - 0.2% 
Diamondback Energy, Inc.
27,534
5,588,025
Pharmaceuticals - 3.6% 
Eli Lilly & Co.
90,485
103,952,787
Semiconductors & Semiconductor Equipment - 28.2% 
Advanced Micro Devices, Inc. (A)
185,368
88,262,973
Applied Materials, Inc.
85,806
43,561,132
ASML Holding NV
10,458
17,036,082
Broadcom, Inc.
448,401
174,553,541
Cerebras Systems, Inc., Class A (A)
39,126
7,774,728
KLA Corp.
254,689
46,562,243
Micron Technology, Inc.
109,456
90,085,572
NVIDIA Corp.
1,677,907
336,839,830
 
 
804,676,101
Software - 11.3% 
AppLovin Corp., Class A (A)
28,711
11,366,685
Cadence Design Systems, Inc. (A)
60,521
20,578,350
Microsoft Corp.
408,383
189,783,748
Oracle Corp.
149,988
19,478,942
Palantir Technologies, Inc., Class A (A)
246,781
30,368,870
Transamerica Funds
Page 1
Transamerica US Growth
SCHEDULE OF INVESTMENTS (continued)
At July 31, 2026
(unaudited)
 
Shares
Value
COMMON STOCKS (continued)
Software (continued)
Palo Alto Networks, Inc. (A)
106,077
$  35,199,531
Samsara, Inc., Class A (A)
404,172
15,063,490
 
 
321,839,616
Specialty Retail - 2.1% 
Lowe's Cos., Inc.
114,135
23,718,395
O'Reilly Automotive, Inc. (A)
210,655
18,822,024
Wayfair, Inc., Class A (A)
218,020
18,509,898
 
 
61,050,317
Technology Hardware, Storage & Peripherals - 9.5% 
Apple, Inc.
723,683
223,552,915
Sandisk Corp. (A)
19,949
24,234,644
Seagate Technology Holdings PLC
28,105
24,061,534
 
 
271,849,093
Trading Companies & Distributors - 0.5% 
United Rentals, Inc.
11,902
12,845,352
Total Common Stocks
(Cost $1,373,714,159)
 
2,824,424,469
 
Shares
Value
OTHER INVESTMENT COMPANY - 0.4% 
Securities Lending Collateral - 0.4% 
State Street Navigator Securities Lending
Trust - Government Money Market Portfolio,
3.64% (C)
11,786,569
$  11,786,569
Total Other Investment Company
(Cost $11,786,569)
11,786,569
Total Investments
(Cost $1,385,500,728)
2,836,211,038
Net Other Assets (Liabilities) - 0.5%
15,573,839
Net Assets - 100.0%
 $  2,851,784,877
INVESTMENT VALUATION:
  
Valuation Inputs (D)
 
 
 
 
 
Level 1 -
Unadjusted
Quoted Prices
Level 2 -
Other Significant
Observable Inputs
Level 3 -
Significant
Unobservable Inputs
Value
ASSETS
Investments
Common Stocks
$2,824,424,469
$—
$—
$2,824,424,469
Other Investment Company
11,786,569
—
—
11,786,569
Total Investments
$2,836,211,038
$—
$—
$2,836,211,038
FOOTNOTES TO SCHEDULE OF INVESTMENTS: 
(A)
Non-income producing security.
(B)
All or a portion of the security is on loan. The total value of the securities on loan is $22,998,192, collateralized by cash collateral of $11,786,569 and
non-cash collateral, such as U.S. government securities of $11,725,326. 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)
Rate disclosed reflects the yield at July 31, 2026.
(D)
There were no transfers in or out of Level 3 during the period ended July 31, 2026. Please reference the Investment Valuation section of the Notes to
Schedule of Investments for more information regarding investment valuation and pricing inputs.
Transamerica Funds
Page 2
Transamerica US Growth
NOTES TO SCHEDULE OF INVESTMENTS
At July 31, 2026
(unaudited)
INVESTMENT VALUATION
Transamerica US Growth (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, 2026, is disclosed within the Investment Valuation section of the Schedule of Investments.
The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, but not limited to, the type of security, whether the security is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the security. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is generally greatest for instruments categorized in Level 3. Due to the inherent uncertainty of valuation, the determination of values may differ significantly from values that would have been realized had a ready market for investments existed, and the differences could be material.
Fair value measurements: Descriptions of the valuation techniques applied to the Fund's significant categories of assets and liabilities measured at fair value on a recurring basis are as follows:
Equity securities: Securities are stated at the last reported sales price or closing price on the day of valuation taken from the primary exchange where the security is principally traded. To the extent these securities are actively traded and valuation adjustments are not applied, they are categorized in Level 1 of the fair value hierarchy. Equities traded on inactive markets or valued by reference to similar instruments are generally categorized in Level 2 or Level 3 if inputs are unobservable.
Foreign equity securities: Securities in which the primary trading market closes at the same time or after the NYSE, are valued based on quotations from the primary market in which they are traded and are categorized in Level 1. Because many foreign securities markets and exchanges close prior to the close of the NYSE, closing prices for foreign securities in those markets or on those exchanges do not reflect the events that occur after that close. Certain foreign securities may be fair valued using a pricing service that considers the correlation of the trading patterns of the foreign security to the intraday trading in the U.S. markets for investments such as American Depositary Receipts, financial futures, or ETFs and the movement of certain indices of securities based on a statistical analysis of their historical relationship; such valuations generally are categorized in Level 2.
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.
Transamerica Funds
Page 3