Transamerica Asset Allocation - Growth Portfolio
SCHEDULE OF INVESTMENTS
At July 31, 2026
(unaudited)
 
 
Shares
Value
INVESTMENT COMPANIES - 97.1% 
International Alternative Fund - 0.0% *
Transamerica Global Allocation Liquidating
Trust (A)(B)(C)(D)
874
$  1,188
International Equity Funds - 27.3% 
Transamerica Emerging Markets Equity,
Class I2 (B)
1,184,113
15,286,903
Transamerica International Equity,
Class I2 (B)
5,516,987
159,661,591
Transamerica International Focus,
Class I2 (B)
4,593,225
32,290,368
Transamerica International Small Cap Value,
Class I2 (B)
607,165
11,809,367
Transamerica International Stock,
Class I2 (B)
8,940,975
148,867,233
 
 
367,915,462
U.S. Equity Funds - 68.3% 
Transamerica Capital Growth, Class I2 (A)(B)
1,819,549
22,580,607
Transamerica Large Cap Value, Class I2 (B)
18,938,740
372,146,243
Transamerica Mid Cap Growth, Class I2 (B)
1,989,616
18,662,597
Transamerica Mid Cap Value Opportunities,
Class I2 (B)
1,452,427
15,744,313
Transamerica Mid Cap Value Opportunities,
Class R6 (B)
44,440
488,843
Transamerica Small Cap Growth, Class I2 (B)
2,237,483
12,440,405
Transamerica Small Cap Growth,
Class R6 (B)
269,759
1,499,858
Transamerica Small Cap Value, Class I2 (B)
2,521,592
16,239,052
 
Shares
Value
INVESTMENT COMPANIES (continued)
U.S. Equity Funds (continued)
Transamerica Small Cap Value, Class R6 (B)
225,795
$  1,478,958
Transamerica Sustainable Equity Income,
Class I2 (B)
4,383,141
45,540,829
Transamerica US Growth, Class I2 (B)
11,743,263
413,362,839
Transamerica US Growth, Class R6 (B)
13,426
472,471
 
 
920,657,015
U.S. Mixed Allocation Fund - 1.5% 
Transamerica Energy Infrastructure,
Class I2 (B)
1,924,525
20,765,622
Total Investment Companies
(Cost $824,588,354)
 
1,309,339,287
EXCHANGE-TRADED FUNDS - 1.0% 
U.S. Equity Funds - 1.0% 
State Street Health Care Select Sector
SPDR ETF (E)
8,794
1,429,465
Transamerica Large Value Active ETF (A)(B)(F)
434,996
12,518,619
Total Exchange-Traded Funds
(Cost $12,723,870)
 
13,948,084
Total Investments
(Cost $837,312,224)
1,323,287,371
Net Other Assets (Liabilities) - 1.9%
25,743,428
Net Assets - 100.0%
 $  1,349,030,799
FUTURES CONTRACTS:
  
Long Futures Contracts 
Description
Number of
Contracts
Expiration
Date
Notional
Amount
Value
Unrealized
Appreciation
Unrealized
Depreciation
S&P 500® E-Mini Index
134
09/18/2026
$49,971,589
$50,378,975
$407,386
$—
INVESTMENT VALUATION:
  
Valuation Inputs (G)
 
 
 
 
 
Level 1 -
Unadjusted
Quoted Prices
Level 2 -
Other Significant
Observable Inputs
Level 3 -
Significant
Unobservable Inputs
Value
ASSETS
Investments
Investment Companies
$1,309,338,099
$—
$—
$1,309,338,099
Exchange-Traded Funds
13,948,084
—
—
13,948,084
Total
$1,323,286,183
$—
$—
$1,323,286,183
Investment Companies Measured at Net Asset Value (C)
1,188
Total Investments
$1,323,287,371
Other Financial Instruments
Futures Contracts (H)
$407,386
$—
$—
$407,386
Total Other Financial Instruments
$407,386
$—
$—
$407,386
Transamerica Funds
Page 1
Transamerica Asset Allocation - Growth Portfolio
SCHEDULE OF INVESTMENTS (continued)
At July 31, 2026
(unaudited)
FOOTNOTES TO SCHEDULE OF INVESTMENTS: 
*
Percentage rounds to less than 0.1% or (0.1)%.
(A)
Non-income producing security.
(B)
Affiliated investment in another fund within Transamerica Funds, and/or a liquidating trust of a former Transamerica Fund and/or affiliated investment
within Transamerica Series Trust, and/or affiliated investment within Transamerica Sponsored ETFs. The Fund’s transactions and earnings from these
underlying funds are as follows: 
 
Affiliated Investments
Value
October 31,
2025
Purchases
at Cost
Proceeds
from Sales
Net
Realized
Gain (Loss)
Net Change in
Unrealized
Appreciation
(Depreciation)
Value
July 31,
2026
Shares as of
July 31,
2026
Dividend
Income
Net Capital
Gain
Distributions
Transamerica Capital
Growth, Class I2
$27,711,736
$—
$—
$—
$(5,131,129
)
$22,580,607
1,819,549
$—
$—
Transamerica Capital
Growth, Class R6
480,158
—
(385,261
)
78,041
(172,938
)
—
—
—
—
Transamerica Emerging
Markets Equity, Class I2
20,760,096
212,411
(8,500,000
)
1,378,311
1,436,085
15,286,903
1,184,113
212,411
—
Transamerica Emerging
Markets Equity, Class R6
1,633,343
6,109
(1,700,123
)
486,543
(425,872
)
—
—
6,109
—
Transamerica Energy
Infrastructure, Class I2
17,432,643
651,922
(2,280,028
)
555,390
4,405,695
20,765,622
1,924,525
651,922
—
Transamerica Global
Allocation Liquidating Trust
1,106
—
—
—
82
1,188
874
—
—
Transamerica International
Equity, Class I2
144,674,402
11,003,540
(16,500,000
)
3,830,917
16,652,732
159,661,591
5,516,987
5,685,948
5,317,593
Transamerica International
Focus, Class I2
37,273,368
486,467
(4,500,000
)
87,474
(1,056,941
)
32,290,368
4,593,225
194,897
291,570
Transamerica International
Focus, Class R6
829,241
10,694
(830,145
)
68,503
(78,293
)
—
—
4,243
6,451
Transamerica International
Small Cap Value, Class I2
13,066,490
583,427
(3,000,000
)
790,382
369,068
11,809,367
607,165
550,560
32,867
Transamerica International
Stock, Class I2
126,132,387
9,128,348
(4,000,000
)
1,056,848
16,549,650
148,867,233
8,940,975
2,483,957
1,144,391
Transamerica International
Stock, Class R6
136,360
3,919
(155,563
)
45,865
(30,581
)
—
—
2,682
1,237
Transamerica Large Cap
Value, Class I2
366,952,326
19,630,037
(70,200,000
)
15,911,636
39,852,244
372,146,243
18,938,740
2,367,422
11,262,614
Transamerica Large Cap
Value, Class R6
4,463,081
48,023
(4,577,421
)
834,629
(768,312
)
—
—
3,747
44,276
Transamerica Large Value
Active ETF
—
11,493,838
—
—
1,024,781
12,518,619
434,996
54,192
—
Transamerica Mid Cap
Growth, Class I2
19,163,898
3,636,030
(1,000,000
)
(96,379
)
(3,040,952
)
18,662,597
1,989,616
1,268,224
2,367,806
Transamerica Mid Cap
Growth, Class R6
1,513,223
96,013
(1,488,209
)
35,339
(156,366
)
—
—
33,489
62,524
Transamerica Mid Cap
Value Opportunities,
Class I2
13,973,051
2,163,167
—
—
(391,905
)
15,744,313
1,452,427
393,865
1,769,302
Transamerica Mid Cap
Value Opportunities,
Class R6
3,344,541
217,391
(3,000,000
)
(333,019
)
259,930
488,843
44,440
39,562
177,829
Transamerica Small Cap
Growth, Class I2
12,037,851
1,535,412
—
—
(1,132,858
)
12,440,405
2,237,483
—
1,535,412
Transamerica Small Cap
Growth, Class R6
1,451,325
185,115
—
—
(136,582
)
1,499,858
269,759
—
185,115
Transamerica Small Cap
Value, Class I2
12,300,597
665,524
—
—
3,272,931
16,239,052
2,521,592
187,859
477,665
Transamerica Small Cap
Value, Class R6
1,570,329
83,661
(500,000
)
(90,251
)
415,219
1,478,958
225,795
23,615
60,046
Transamerica Sustainable
Equity Income, Class I2
36,945,859
382,025
—
—
8,212,945
45,540,829
4,383,141
382,025
—
Transamerica US Growth,
Class I2
412,785,392
45,171,319
(30,000,000
)
2,629,217
(17,223,089
)
413,362,839
11,743,263
—
16,171,319
Transamerica US Growth,
Class R6
471,012
18,877
—
—
(17,418
)
472,471
13,426
—
18,877
Total
$1,277,103,815
$107,413,269
$(152,616,750
)
$27,269,446
$62,688,126
$1,321,857,906
68,842,091
$14,546,729
$40,926,894
Transamerica Funds
Page 2
Transamerica Asset Allocation - Growth Portfolio
SCHEDULE OF INVESTMENTS (continued)
At July 31, 2026
(unaudited)
FOOTNOTES TO SCHEDULE OF INVESTMENTS (continued):
 
(C)
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.
(D)
Restricted security. At July 31, 2026, 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
Investment Companies
Transamerica Global
Allocation Liquidating Trust
07/31/2014
$8,994
$1,188
0.0
%*
 
(E)
The shareholder reports for SPDR ETFs can be found at the following location:
http://www.ssga.com/us/en/institutional/fund-finder?tab=documents&type=etfs.
(F)
The shareholder reports for Transamerica Sponsored ETFs can be found at the following location:
Mutual fund prospectuses and reports | Transamerica.
(G)
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.
(H)
Derivative instruments are valued at unrealized appreciation (depreciation).
Transamerica Funds
Page 3
Transamerica Asset Allocation - Growth Portfolio
NOTES TO SCHEDULE OF INVESTMENTS
At July 31, 2026
(unaudited)
INVESTMENT VALUATION
Transamerica Asset Allocation - Growth Portfolio (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 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, 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:
Exchange-traded funds ("ETF"): ETFs are stated at the last reported sale price or closing price on the day of valuation taken from the primary exchange where the ETF is principally traded. ETFs are generally categorized in Level 1 of the fair value hierarchy.
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,
Transamerica Funds
Page 4
Transamerica Asset Allocation - Growth Portfolio
NOTES TO SCHEDULE OF INVESTMENTS (continued)
At July 31, 2026
(unaudited)
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.
Transamerica Funds
Page 5