Transamerica Large Cap Value
SCHEDULE OF INVESTMENTS
At July 31, 2026
(unaudited)
 
 
Shares
Value
COMMON STOCKS - 97.6% 
Aerospace & Defense - 5.5% 
Boeing Co. (A)
197,908
$  42,775,835
RTX Corp.
371,151
79,879,118
Textron, Inc.
301,759
25,727,973
 
 
148,382,926
Automobiles - 2.2% 
General Motors Co.
664,232
59,023,655
Banks - 8.8% 
Bank of America Corp.
978,724
60,631,952
JPMorgan Chase & Co.
289,055
101,686,658
Wells Fargo & Co.
834,128
72,110,366
 
 
234,428,976
Beverages - 1.8% 
PepsiCo, Inc.
351,731
49,087,578
Biotechnology - 3.3% 
AbbVie, Inc.
166,085
41,677,370
Gilead Sciences, Inc.
366,371
47,705,168
 
 
89,382,538
Broadline Retail - 6.8% 
Amazon.com, Inc. (A)
666,529
181,015,946
Capital Markets - 6.8% 
Blackrock, Inc.
61,951
67,550,751
Goldman Sachs Group, Inc.
62,872
64,027,587
Intercontinental Exchange, Inc.
331,217
50,503,968
 
 
182,082,306
Chemicals - 2.3% 
Linde PLC
128,691
61,563,201
Commercial Services & Supplies - 1.1% 
Waste Management, Inc.
128,900
29,202,295
Communications Equipment - 1.3% 
Motorola Solutions, Inc.
82,260
35,844,795
Construction & Engineering - 1.9% 
Quanta Services, Inc.
74,891
49,979,258
Construction Materials - 1.7% 
Martin Marietta Materials, Inc.
85,903
45,111,101
Electric Utilities - 2.3% 
Constellation Energy Corp.
79,734
20,950,109
Duke Energy Corp.
333,533
41,835,044
 
 
62,785,153
Electrical Equipment - 1.9% 
Rockwell Automation, Inc.
107,608
51,660,449
Entertainment - 1.8% 
Walt Disney Co.
495,545
47,666,473
Food Products - 1.1% 
Mondelez International, Inc., Class A
487,506
30,376,499
 
Shares
Value
COMMON STOCKS (continued)
Ground Transportation - 2.4% 
CSX Corp.
1,299,235
$  65,481,444
Health Care Equipment & Supplies - 2.0% 
Abbott Laboratories
497,074
52,540,722
Health Care Providers & Services - 1.6% 
Cencora, Inc.
134,833
41,978,906
Industrial REITs - 1.5% 
Prologis, Inc.
268,454
38,821,133
Insurance - 2.3% 
Hartford Insurance Group, Inc.
427,089
60,608,200
Interactive Media & Services - 3.4% 
Alphabet, Inc., Class A
147,964
52,694,419
Meta Platforms, Inc., Class A
70,101
39,025,928
 
 
91,720,347
Life Sciences Tools & Services - 1.7% 
Thermo Fisher Scientific, Inc.
77,649
44,593,821
Machinery - 2.5% 
Parker-Hannifin Corp.
67,388
65,806,404
Media - 1.7% 
Fox Corp., Class A
785,858
45,760,511
Metals & Mining - 1.4% 
Freeport-McMoRan, Inc.
577,928
36,195,631
Oil, Gas & Consumable Fuels - 5.4% 
ConocoPhillips
401,240
48,341,395
ExxonMobil Holdings Corp.
609,444
94,731,975
 
 
143,073,370
Passenger Airlines - 2.2% 
Delta Air Lines, Inc.
660,077
57,717,133
Pharmaceuticals - 2.4% 
Merck & Co., Inc.
495,426
64,504,465
Semiconductors & Semiconductor Equipment - 2.5% 
Broadcom, Inc.
80,606
31,378,304
Micron Technology, Inc.
41,907
34,490,718
 
 
65,869,022
Software - 5.0% 
Microsoft Corp.
288,277
133,968,087
Specialty Retail - 3.7% 
Lowe's Cos., Inc.
171,985
35,740,203
TJX Cos., Inc.
405,166
63,748,818
 
 
99,489,021
Transamerica Funds
Page 1
Transamerica Large Cap Value
SCHEDULE OF INVESTMENTS (continued)
At July 31, 2026
(unaudited)
 
Shares
Value
COMMON STOCKS (continued)
Technology Hardware, Storage & Peripherals - 5.3% 
Apple, Inc.
462,079
$  142,740,824
Total Common Stocks
(Cost $1,698,253,568)
 
2,608,462,190
Total Investments
(Cost $1,698,253,568)
2,608,462,190
Net Other Assets (Liabilities) - 2.4%
64,932,426
Net Assets - 100.0%
 $  2,673,394,616
INVESTMENT VALUATION:
  
Valuation Inputs (B)
 
 
 
 
 
Level 1 -
Unadjusted
Quoted Prices
Level 2 -
Other Significant
Observable Inputs
Level 3 -
Significant
Unobservable Inputs
Value
ASSETS
Investments
Common Stocks
$2,608,462,190
$—
$—
$2,608,462,190
Total Investments
$2,608,462,190
$—
$—
$2,608,462,190
FOOTNOTES TO SCHEDULE OF INVESTMENTS: 
(A)
Non-income producing security.
(B)
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.
PORTFOLIO ABBREVIATION(S): 
REIT
Real Estate Investment Trust
Transamerica Funds
Page 2
Transamerica Large Cap Value
NOTES TO SCHEDULE OF INVESTMENTS
At July 31, 2026
(unaudited)
INVESTMENT VALUATION
Transamerica Large Cap Value (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 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.
Transamerica Funds
Page 3