SEC Info - Transamerica Funds - ‘N-Q’ for 9/30/17

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Transamerica Funds – ‘N-Q’ for 9/30/17

On: Friday, 11/24/17, at 12:31pm ET · Effective: 11/24/17 · For: 9/30/17 · Accession #: 1193125-17-351317 · File #: 811-04556

  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

11/24/17  Transamerica Funds                N-Q         9/30/17    2:522K                                   Donnelley … Solutions/FA
          → Transamerica Stock Index ⇒ R (TSTRX) — R4 (TSTFX)

Quarterly Schedule of Portfolio Holdings of a Management Investment Company — Form N-Q
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: N-Q         Quarterly Schedule of Portfolio Holdings of a       HTML    287K 
                          Management Investment Company                          
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N-Q — Quarterly Schedule of Portfolio Holdings of a Management Investment Company

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N-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number: 811-04556

TRANSAMERICA FUNDS

(Exact Name of Registrant as Specified in Charter)

1801 California St., Suite 5200, Denver, Colorado 80202

(Address of Principal Executive Offices) (Zip Code)

Registrant’s Telephone Number, including Area Code: (720) 482-8991

Tané T. Tyler, Esq., 1801 California St., Suite 5200, Denver, Colorado 80202

(Name and Address of Agent for Service)

Date of fiscal year end: December 31

Date of reporting period: July 1, 2017 – September 30, 2017

Item 1. Schedule of Investments.

The unaudited Schedules of Investments of Registrant as of September 30, 2017 are attached.

Transamerica Stock Index

SCHEDULE OF INVESTMENTS

At September 30, 2017

(unaudited)


	Value
Master Portfolio - 100.0%
S&P 500 Index Master Portfolio		$ 792,295,344

Total Investments (Cost $792,295,344)		792,295,344
Net Other Assets (Liabilities) - (0.0)% ^(A)		(307,642	)

Net Assets - 100.0%		$ 791,987,702

FOOTNOTE TO SCHEDULE OF INVESTMENTS:


(A)		Percentage rounds to less than 0.1% or (0.1)%.

The notes are an integral part of this report.

Transamerica Funds

Page 1

September 30, 2017 Form N-Q

NOTES TO FINANCIAL STATEMENTS

At September 30, 2017

(unaudited)

1. ORGANIZATION

Transamerica Funds (the “Trust”) is an open-end management investment company registered under the Investment Company Act of 1940, as amended (the “1940 Act”). The Trust applies investment company accounting and reporting guidance. Transamerica Stock Index (the “Fund”) is a series of the Trust and invests all of its investable assets in the S&P 500 Index Master Portfolio (the “Master Portfolio”).

Transamerica Asset Management, Inc. (“TAM”) serves as investment manager for the Fund. TAM provides continuous and regular investment management services to the Fund. TAM supervises the Fund’s investments, conducts its investment program and provides supervisory, compliance and administrative services to the Fund.

TAM is responsible for all aspects of the day-to-day management of the Fund.

TAM’s investment management services also include the provision of supervisory and administrative services to the Fund. These services include performing certain administrative services for the Fund and supervising and overseeing the administrative, clerical, recordkeeping and bookkeeping services provided to the Fund by State Street Bank and Trust Company (“State Street”), to whom TAM has outsourced the provision of certain services as described below; to the extent agreed upon by TAM and the Fund from time to time, monitoring and verifying the custodian’s daily calculation of Net Asset Values (“NAV”); shareholder relations functions; compliance services; valuation services; assisting in due diligence and in oversight and monitoring of certain activities of sub-advisers and certain aspects of fund investments; assisting with fund combinations and liquidations; oversight of the preparation and filing, and review, of all returns and reports, in connection with federal, state and local taxes; oversight and review of regulatory reporting; supervising and coordinating the Fund’s custodian and dividend disbursing agent and monitoring their services to the Fund; assisting the Fund in preparing reports to shareholders; acting as liaison with the Fund’s independent public accountants and providing, upon request, analyses, fiscal year summaries and other audit related services; assisting in the preparation of agendas and supporting documents for and minutes of meetings of trustees and committees of trustees; assisting in the preparation of regular communications with the trustees; and providing personnel and office space, telephones and other office equipment as necessary in order for TAM to perform supervisory and administrative services to the Fund.

2. SIGNIFICANT ACCOUNTING POLICIES

The following is a summary of significant accounting policies followed by the Fund.

Investment valuation: The value of the Fund’s investment in the Master Portfolio, as noted within the Schedule of Investments, reflects the Fund’s proportional interest in the net assets of the Master Portfolio. At period ended September 30, 2017, the Fund held a 6.11% ownership interest in the Master Portfolio.

The valuation policy for the underlying securities held by the Master Portfolio is discussed in the Master Portfolio’s Notes to Schedule of Investments, which accompany this report.


Transamerica Funds		Page 1		September 30, 2017 Form N-Q

Master Investment Portfolio — S&P 500 Index Master Portfolio

Schedule of Investments September 30, 2017 (Unaudited)

S&P 500 Index Master Portfolio

(Percentages shown are based on Net Assets)


Common Stocks	Shares		Value
Aerospace & Defense - 2.5%
Arconic, Inc.		226,886		$ 5,644,924
Boeing Co.		331,482		84,266,039
General Dynamics Corp.		165,842		34,093,798
L3 Technologies, Inc.		45,950		8,658,358
Lockheed Martin Corp.		149,235		46,306,128
Northrop Grumman Corp.		103,698		29,835,989
Raytheon Co.		173,310		32,336,180
Rockwell Collins, Inc.		98,121		12,825,396
Textron, Inc. ^(a)		154,558		8,327,585
TransDigm Group, Inc.		28,666		7,328,463
United Technologies Corp.		444,550		51,603,364

				321,226,224

Air Freight & Logistics - 0.7%
C.H. Robinson Worldwide, Inc.		82,640		6,288,904
Expeditors International of Washington, Inc.		109,898		6,578,494
FedEx Corp.		147,215		33,208,760
United Parcel Service, Inc., Class B		411,156		49,375,724

				95,451,882

Airlines - 0.5%
Alaska Air Group, Inc.		71,558		5,457,729
American Airlines Group, Inc.		261,647		12,425,616
Delta Air Lines, Inc.		399,138		19,246,435
Southwest Airlines Co.		330,589		18,506,372
United Continental Holdings, Inc. ^(b)		151,097		9,198,785

				64,834,937

Auto Components - 0.4%
BorgWarner, Inc.		117,358		6,012,250
Delphi Automotive PLC		160,226		15,766,238
Goodyear Tire & Rubber Co.		146,534		4,872,256
Johnson Controls International PLC		558,604		22,506,155

				49,156,899

Automobiles - 0.5%
Ford Motor Co.		2,347,191		28,095,876
General Motors Co.		785,135		31,703,752
Harley-Davidson, Inc.		100,929		4,865,787

				64,665,415

Banks - 6.4%
Bank of America Corp.		5,858,617		148,457,329
BB&T Corp.		485,871		22,806,785
Citigroup, Inc.		1,626,439		118,307,173
Citizens Financial Group, Inc.		296,166		11,215,806
Comerica, Inc.		107,698		8,213,049
Fifth Third Bancorp		446,691		12,498,414
Huntington Bancshares, Inc.		665,283		9,287,351
JPMorgan Chase & Co.		2,099,094		200,484,468
KeyCorp		664,108		12,498,513
M&T Bank Corp.		91,371		14,714,386
PNC Financial Services Group, Inc. ^(e)		285,955		38,538,155
Regions Financial Corp.		702,941		10,705,791
SunTrust Banks, Inc.		288,510		17,244,243
U.S. Bancorp		948,373		50,823,309
Wells Fargo & Co.		2,668,324		147,158,069
Zions Bancorporation		118,421		5,587,103

				828,539,944

Beverages - 2.0%
Brown-Forman Corp., Class B		113,356		6,155,231
Coca-Cola Co.		2,288,080		102,986,481
Constellation Brands, Inc., Class A		102,679		20,479,327
Dr. Pepper Snapple Group, Inc.		106,715		9,441,076
Molson Coors Brewing Co., Class B		108,560		8,862,838
Monster Beverage Corp. ^(b)		249,172		13,766,753
PepsiCo, Inc.		850,628		94,785,478

				256,477,184

Biotechnology - 3.2%
AbbVie, Inc.		950,869		84,494,219
Alexion Pharmaceuticals, Inc. ^(b)		133,393		18,713,704
Amgen, Inc.		435,208		81,144,532
Biogen, Inc. ^(a)(b)		126,097		39,483,493
Celgene Corp. ^(b)		466,802		68,069,068
Gilead Sciences, Inc.		779,054		63,118,955
Incyte Corp. ^(a)(b)		102,748		11,994,801
Regeneron Pharmaceuticals, Inc. ^(a)(b)		45,981		20,559,025
Vertex Pharmaceuticals, Inc. ^(b)		150,555		22,890,382

				410,468,179

Building Products - 0.2%
Allegion PLC		55,592		4,807,040
AO Smith Corp.		86,280		5,127,621
Fortune Brands Home & Security, Inc.		95,901		6,447,424
Masco Corp.		185,105		7,220,946

				23,603,031

Capital Markets - 2.4%
Affiliated Managers Group, Inc.		32,950		6,254,899
Ameriprise Financial, Inc.		90,303		13,410,899
Bank of New York Mellon Corp.		617,273		32,727,814
BlackRock, Inc. ^(e)		72,367		32,354,562
Charles Schwab Corp.		712,918		31,183,033
CME Group, Inc.		202,433		27,466,109
E*Trade Financial Corp. ^(b)		169,204		7,378,986
Franklin Resources, Inc.		192,659		8,575,252
Goldman Sachs Group, Inc.		215,013		50,998,934
Invesco Ltd.		247,235		8,663,114
Morgan Stanley		845,495		40,727,494
Northern Trust Corp.		130,571		12,003,392
Raymond James Financial, Inc.		74,775		6,305,776

Schedule of Investments (continued)

S&P 500 Index Master Portfolio

(Percentages shown are based on Net Assets)


Common Stocks	Shares		Value
Capital Markets (continued)
State Street Corp.		223,583		$ 21,361,120
T. Rowe Price Group, Inc.		144,329		13,083,424

				312,494,808

Chemicals - 2.2%
Air Products & Chemicals, Inc.		130,691		19,763,093
Albemarle Corp.		65,091		8,872,554
CF Industries Holdings, Inc.		138,621		4,873,914
DowDuPont, Inc.		1,391,653		96,344,137
Eastman Chemical Co.		85,259		7,715,087
Ecolab, Inc.		155,633		20,015,960
FMC Corp.		79,496		7,099,788
International Flavors & Fragrances, Inc.		47,931		6,849,819
LyondellBasell Industries NV, Class A		193,623		19,178,358
Monsanto Co.		262,015		31,394,637
Mosaic Co.		207,653		4,483,228
PPG Industries, Inc.		154,310		16,767,325
Praxair, Inc.		171,093		23,908,536
Sherwin-Williams Co.		49,185		17,610,198

				284,876,634

Commercial Services & Supplies - 0.3%
Cintas Corp.		50,781		7,326,683
Iron Mountain, Inc.		154,662		6,016,352
Republic Services, Inc.		136,001		8,984,226
Stericycle, Inc. ^(b)		49,455		3,541,967
Waste Management, Inc.		242,531		18,982,901

				44,852,129

Communications Equipment - 1.0%
Cisco Systems, Inc.		2,985,181		100,391,637
F5 Networks, Inc. ^(b)		37,904		4,569,706
Harris Corp.		70,710		9,311,093
Juniper Networks, Inc.		223,770		6,227,519
Motorola Solutions, Inc.		99,241		8,422,584

				128,922,539

Construction & Engineering - 0.1%
Fluor Corp.		82,221		3,461,504
Jacobs Engineering Group, Inc.		70,035		4,080,940
Quanta Services, Inc. ^(b)		88,806		3,318,680

				10,861,124

Construction Materials - 0.1%
Martin Marietta Materials, Inc.		37,045		7,639,790
Vulcan Materials Co.		81,053		9,693,939

				17,333,729

Consumer Finance - 0.7%
American Express Co.		437,202		39,549,293
Capital One Financial Corp.		289,609		24,518,298
Discover Financial Services		223,529		14,413,150
Navient Corp.		168,799		2,535,361
Synchrony Financial		449,671		13,962,284

				94,978,386

Containers & Packaging - 0.3%
Avery Dennison Corp.		54,591		5,368,479
Ball Corp.		205,558		8,489,545
Packaging Corp. of America		55,189		6,329,074
Sealed Air Corp.		112,730		4,815,826
WestRock Co.		148,512		8,425,086

				33,428,010

Distributors - 0.1%
Genuine Parts Co.		85,536		8,181,518
LKQ Corp. ^(b)		180,654		6,501,738

				14,683,256

Diversified Consumer Services - 0.0%
H&R Block, Inc.		122,375		3,240,490

Diversified Financial Services - 2.2%
Berkshire Hathaway, Inc., Class B ^(b)		1,147,285		210,320,286
CBOE Holdings, Inc.		68,698		7,393,966
Intercontinental Exchange, Inc.		351,995		24,182,056
Leucadia National Corp.		188,762		4,766,241
Moody’s Corp.		100,168		13,944,387
Nasdaq, Inc.		72,363		5,613,198
S&P Global, Inc.		153,345		23,969,357

				290,189,491

Diversified Telecommunication Services - 2.2%
AT&T, Inc.		3,665,390		143,573,287
CenturyLink, Inc.		322,148		6,088,597
Level 3 Communications, Inc. ^(b)		172,462		9,190,500
SBA Communications Corp. ^(b)		70,903		10,213,577
Verizon Communications, Inc.		2,435,159		120,516,019

				289,581,980

Electric Utilities - 1.7%
American Electric Power Co., Inc.		293,238		20,597,037
Duke Energy Corp.		416,768		34,975,170
Edison International		195,588		15,093,526
Entergy Corp.		105,205		8,033,454
Eversource Energy		192,421		11,629,925
Exelon Corp.		573,983		21,621,940
FirstEnergy Corp.		262,946		8,106,625
NextEra Energy, Inc.		277,972		40,736,797
Pinnacle West Capital Corp.		66,548		5,627,299
PPL Corp.		409,277		15,532,062
Southern Co.		596,804		29,326,949
Xcel Energy, Inc.		305,285		14,446,086

				225,726,870

Schedule of Investments (continued)

S&P 500 Index Master Portfolio

(Percentages shown are based on Net Assets)


Common Stocks	Shares		Value
Electrical Equipment - 0.6%
Acuity Brands, Inc. ^(a)		24,532		$ 4,201,841
AMETEK, Inc.		135,148		8,925,174
Eaton Corp. PLC		266,828		20,489,722
Emerson Electric Co.		384,767		24,178,758
Rockwell Automation, Inc.		77,486		13,808,780

				71,604,275

Electronic Equipment, Instruments & Components - 0.4%
Amphenol Corp., Class A		182,393		15,437,744
Corning, Inc.		541,234		16,193,721
FLIR Systems, Inc.		81,968		3,189,375
TE Connectivity Ltd.		212,321		17,635,382

				52,456,222

Energy Equipment & Services - 0.8%
Baker Hughes a GE Co.		250,848		9,186,054
Halliburton Co.		519,281		23,902,504
Helmerich & Payne, Inc.		63,592		3,313,779
National Oilwell Varco, Inc.		231,780		8,281,499
Schlumberger Ltd.		830,317		57,922,914
TechnipFMC PLC ^(b)		257,556		7,190,964

				109,797,714

Food & Staples Retailing - 1.8%
Costco Wholesale Corp.		262,422		43,113,310
CVS Health Corp.		607,396		49,393,443
Kroger Co.		541,698		10,866,462
Sysco Corp.		290,781		15,687,635
Wal-Mart Stores, Inc.		873,810		68,279,513
Walgreens Boots Alliance, Inc.		549,468		42,429,919

				229,770,282

Food Products - 1.2%
Archer-Daniels-Midland Co.		337,888		14,363,619
Campbell Soup Co.		112,425		5,263,738
Conagra Brands, Inc.		253,496		8,552,955
General Mills, Inc.		346,360		17,927,594
Hershey Co.		85,736		9,359,799
Hormel Foods Corp.		154,840		4,976,558
J.M. Smucker Co.		67,617		7,095,052
Kellogg Co.		150,460		9,384,190
Kraft Heinz Co.		356,343		27,634,400
McCormick & Co., Inc.		72,889		7,481,327
Mondelez International, Inc., Class A		900,709		36,622,828
Tyson Foods, Inc., Class A		174,479		12,292,045

				160,954,105

Health Care Equipment & Supplies - 2.8%
Abbott Laboratories		1,037,539		55,363,028
Align Technology, Inc. ^(b)		42,136		7,848,673
Baxter International, Inc.		298,514		18,731,753
Becton Dickinson & Co.		135,732		26,596,685
Boston Scientific Corp. ^(b)		820,488		23,933,635
C.R. Bard, Inc.		43,574		13,965,467
Cooper Cos., Inc.		29,002		6,876,664
Danaher Corp.		365,209		31,327,628
Dentsply Sirona, Inc.		139,448		8,340,385
Edwards Lifesciences Corp. ^(b)		126,584		13,836,897
Hologic, Inc. ^(b)		163,915		6,014,041
IDEXX Laboratories, Inc. ^(b)		51,887		8,067,909
Intuitive Surgical, Inc. ^(a)(b)		22,209		23,227,949
Medtronic PLC		809,310		62,940,039
ResMed, Inc.		83,059		6,392,221
Stryker Corp.		191,733		27,229,921
Varian Medical Systems, Inc. ^(a)(b)		54,702		5,473,482
Zimmer Biomet Holdings, Inc.		121,489		14,225,147

				360,391,524

Health Care Providers & Services - 2.7%
Aetna, Inc.		194,042		30,854,618
AmerisourceBergen Corp.		94,642		7,831,625
Anthem, Inc.		153,330		29,114,300
Cardinal Health, Inc.		190,937		12,777,504
Centene Corp. ^(b)		104,692		10,131,045
Cigna Corp.		150,001		28,041,187
DaVita, Inc. ^(b)		90,527		5,376,399
Envision Healthcare Corp. ^(b)		69,123		3,107,079
Express Scripts Holding Co. ^(b)		346,289		21,927,019
HCA Healthcare, Inc. ^(b)		175,211		13,945,043
Henry Schein, Inc. ^(a)(b)		96,243		7,890,964
Humana, Inc.		86,348		21,036,963
Laboratory Corp. of America Holdings ^(b)		59,775		9,024,232
McKesson Corp.		125,780		19,321,066
Patterson Cos., Inc.		47,484		1,835,257
Quest Diagnostics, Inc.		83,197		7,790,567
UnitedHealth Group, Inc.		576,105		112,830,164
Universal Health Services, Inc., Class B		52,271		5,798,945

				348,633,977

Health Care Technology - 0.1%
Cerner Corp. ^(b)		189,247		13,497,096

Hotels, Restaurants & Leisure - 1.8%
Carnival Corp.		244,594		15,793,434
Chipotle Mexican Grill, Inc. ^(a)(b)		14,640		4,506,631
Darden Restaurants, Inc.		74,092		5,836,968
Hilton Worldwide Holdings, Inc.		124,726		8,662,221
Marriott International, Inc., Class A		186,559		20,569,995
McDonald’s Corp.		483,012		75,678,320
MGM Resorts International		313,732		10,224,526
Royal Caribbean Cruises Ltd.		103,840		12,309,193
Starbucks Corp.		862,984		46,350,871
Wyndham Worldwide Corp.		60,914		6,420,945
Wynn Resorts Ltd.		48,976		7,293,506

Schedule of Investments (continued)

S&P 500 Index Master Portfolio

(Percentages shown are based on Net Assets)


Common Stocks	Shares		Value
Hotels, Restaurants & Leisure (continued)
Yum! Brands, Inc.		206,301		$ 15,185,817

				228,832,427

Household Durables - 0.4%
D.R. Horton, Inc.		199,014		7,946,629
Garmin Ltd.		67,037		3,617,987
Leggett & Platt, Inc.		77,738		3,710,435
Lennar Corp., Class A		118,127		6,237,106
Mohawk Industries, Inc. ^(b)		38,505		9,530,372
Newell Brands, Inc.		287,952		12,286,912
PulteGroup, Inc.		164,364		4,492,068
Whirlpool Corp.		43,002		7,931,289

				55,752,798

Household Products - 1.7%
Church & Dwight Co., Inc.		147,531		7,147,877
Clorox Co.		78,371		10,337,919
Colgate-Palmolive Co.		525,800		38,304,530
Kimberly-Clark Corp.		211,402		24,877,787
Procter & Gamble Co.		1,520,615		138,345,553

				219,013,666

Independent Power and Renewable Electricity Producers - 0.1%
AES Corp.		388,222		4,278,207
NRG Energy, Inc.		174,951		4,476,996

				8,755,203

Industrial Conglomerates - 2.1%
3M Co.		355,843		74,691,446
General Electric Co.		5,173,280		125,089,886
Honeywell International, Inc.		454,381		64,403,963
Roper Technologies, Inc.		61,255		14,909,467

				279,094,762

Insurance - 2.7%
Aflac, Inc.		237,912		19,363,658
Allstate Corp.		215,113		19,771,036
American International Group, Inc.		541,905		33,267,548
Aon PLC		151,050		22,068,405
Arthur J Gallagher & Co.		105,008		6,463,242
Assurant, Inc.		31,301		2,989,872
Brighthouse Financial, Inc. ^(b)		57,410		3,490,528
Chubb Ltd.		276,976		39,482,929
Cincinnati Financial Corp.		87,398		6,692,065
Everest Re Group Ltd.		23,935		5,466,515
Hartford Financial Services Group, Inc.		219,638		12,174,534
Lincoln National Corp.		130,619		9,597,884
Loews Corp.		163,488		7,824,536
Marsh & McLennan Cos., Inc.		306,410		25,680,222
MetLife, Inc.		638,124		33,150,490
Principal Financial Group, Inc.		161,991		10,422,501
Progressive Corp.		348,400		16,869,528
Prudential Financial, Inc.		255,866		27,203,673
Torchmark Corp.		64,505		5,166,205
Travelers Cos., Inc.		164,993		20,214,942
Unum Group		134,379		6,870,798
Willis Towers Watson PLC		80,432		12,405,027
XL Group Ltd.		153,302		6,047,764

				352,683,902

Internet & Direct Marketing Retail - 2.6%
Amazon.com, Inc. ^(b)		237,910		228,714,778
Expedia, Inc.		71,880		10,346,407
Netflix, Inc. ^(b)		257,591		46,714,128
Priceline Group, Inc. ^(a)(b)		29,283		53,611,902
TripAdvisor, Inc. ^(b)		62,850		2,547,311

				341,934,526

Internet Software & Services - 4.8%
Akamai Technologies, Inc. ^(b)		102,106		4,974,605
Alphabet, Inc., Class A ^(b)		177,825		173,151,759
Alphabet, Inc., Class C ^(b)		180,121		172,755,852
eBay, Inc. ^(b)		595,289		22,894,815
Facebook, Inc., Class A ^(b)		1,414,086		241,624,875
VeriSign, Inc. ^(a)(b)		51,526		5,481,851

				620,883,757

IT Services - 4.0%
Accenture PLC, Class A		368,410		49,761,139
Alliance Data Systems Corp.		28,163		6,239,513
Automatic Data Processing, Inc.		265,520		29,026,646
Cognizant Technology Solutions Corp., Class A		353,188		25,620,258
CSRA, Inc.		93,680		3,023,054
DXC Technology Co.		171,590		14,736,149
Fidelity National Information Services, Inc.		198,490		18,536,981
Fiserv, Inc. ^(b)		126,989		16,376,501
Gartner, Inc. ^(a)(b)		52,808		6,569,843
Global Payments, Inc. ^(a)		92,693		8,808,616
International Business Machines Corp.		517,508		75,080,061
Mastercard, Inc., Class A		556,301		78,549,701
Paychex, Inc.		193,665		11,612,153
PayPal Holdings, Inc. ^(b)		674,190		43,168,386
Total System Services, Inc.		99,065		6,488,757
Visa, Inc., Class A		1,090,563		114,770,745
Western Union Co.		278,703		5,351,098

				513,719,601

Leisure Products - 0.1%
Hasbro, Inc.		66,185		6,464,289
Mattel, Inc.		198,376		3,070,860

				9,535,149

Schedule of Investments (continued)

S&P 500 Index Master Portfolio

(Percentages shown are based on Net Assets)


Common Stocks	Shares		Value
Life Sciences Tools & Services - 0.8%
Agilent Technologies, Inc.		194,103		$ 12,461,413
Illumina, Inc. ^(b)		87,593		17,448,526
Mettler-Toledo International, Inc. ^(a)(b)		15,258		9,553,949
PerkinElmer, Inc.		65,522		4,519,052
Quintiles IMS Holdings, Inc. ^(b)		92,457		8,789,887
Thermo Fisher Scientific, Inc.		238,707		45,163,365
Waters Corp. ^(b)		46,791		8,399,920

				106,336,112

Machinery - 1.6%
Caterpillar, Inc.		352,891		44,009,037
Cummins, Inc.		94,628		15,900,343
Deere & Co.		191,087		23,998,616
Dover Corp.		92,089		8,416,014
Flowserve Corp.		76,248		3,247,402
Fortive Corp.		183,255		12,972,622
Illinois Tool Works, Inc.		185,270		27,412,549
Ingersoll-Rand PLC		149,367		13,319,055
PACCAR, Inc.		211,616		15,308,302
Parker-Hannifin Corp.		80,171		14,031,528
Pentair PLC		97,664		6,637,245
Snap-on, Inc.		34,277		5,107,616
Stanley Black & Decker, Inc.		92,286		13,932,417
Xylem, Inc.		109,951		6,886,231

				211,178,977

Media - 2.9%
CBS Corp., Class B		218,725		12,686,050
Charter Communications, Inc., Class A ^(b)		120,000		43,610,400
Comcast Corp., Class A		2,806,815		108,006,203
Discovery Communications, Inc., Class A ^(a)(b)		87,189		1,856,254
Discovery Communications, Inc., Class C ^(a)(b)		122,201		2,475,792
DISH Network Corp., Class A ^(b)		132,510		7,186,017
IHS Markit Ltd. ^(b)		219,526		9,676,706
Interpublic Group of Cos., Inc.		227,431		4,728,290
News Corp., Class A		236,359		3,134,120
News Corp., Class B		53,983		736,868
Omnicom Group, Inc.		136,243		10,091,519
Scripps Networks Interactive, Inc., Class A		56,495		4,852,356
Time Warner, Inc.		463,449		47,480,350
Twenty-First Century Fox, Inc., Class A		618,607		16,318,853
Twenty-First Century Fox, Inc., Class B		272,149		7,018,723
Viacom, Inc., Class B		205,754		5,728,191
Walt Disney Co.		921,324		90,814,907

				376,401,599

Metals & Mining - 0.3%
Freeport-McMoRan, Inc. ^(b)		810,698		11,382,200
Newmont Mining Corp.		321,516		12,060,065
Nucor Corp.		193,946		10,868,734

				34,310,999

Multi-Utilities - 1.2%
Alliant Energy Corp.		140,846		5,854,968
Ameren Corp.		143,037		8,273,260
CenterPoint Energy, Inc.		251,857		7,356,743
CMS Energy Corp.		166,727		7,722,795
Consolidated Edison, Inc.		186,554		15,051,177
Dominion Energy, Inc.		382,318		29,411,724
DTE Energy Co.		108,746		11,674,971
NiSource, Inc.		181,090		4,634,093
PG&E Corp.		305,050		20,770,854
Public Service Enterprise Group, Inc.		304,849		14,099,266
SCANA Corp.		83,884		4,067,535
Sempra Energy		150,185		17,140,614
WEC Energy Group, Inc.		190,867		11,982,630

				158,040,630

Multiline Retail - 0.4%
Dollar General Corp.		156,751		12,704,669
Dollar Tree, Inc. ^(b)		143,247		12,436,704
Kohl’s Corp.		98,392		4,491,595
Macy’s, Inc.		176,133		3,843,222
Nordstrom, Inc.		68,407		3,225,390
Target Corp.		328,434		19,380,890

				56,082,470

Oil, Gas & Consumable Fuels - 5.2%
Anadarko Petroleum Corp.		336,104		16,418,680
Andeavor		87,756		9,052,031
Apache Corp.		230,928		10,576,502
Cabot Oil & Gas Corp.		275,949		7,381,636
Chesapeake Energy Corp. ^(a)(b)		529,785		2,278,075
Chevron Corp.		1,129,438		132,708,965
Cimarex Energy Co.		58,370		6,634,918
Concho Resources, Inc. ^(b)		89,503		11,789,335
ConocoPhillips		726,188		36,345,709
Devon Energy Corp.		317,074		11,639,786
EOG Resources, Inc.		344,343		33,311,742
EQT Corp.		105,308		6,870,294
Exxon Mobil Corp.		2,525,957		207,077,873
Hess Corp.		157,721		7,395,538
Kinder Morgan, Inc.		1,146,971		21,998,904
Marathon Oil Corp.		503,091		6,821,914
Marathon Petroleum Corp.		302,497		16,964,032
Newfield Exploration Co. ^(a)(b)		116,858		3,467,177
Noble Energy, Inc.		283,916		8,051,858
Occidental Petroleum Corp.		457,003		29,344,163
ONEOK, Inc.		229,064		12,692,436
Phillips 66		255,342		23,391,881
Pioneer Natural Resources Co.		102,059		15,057,785

Schedule of Investments (continued)

S&P 500 Index Master Portfolio

(Percentages shown are based on Net Assets)


Common Stocks	Shares		Value
Oil, Gas & Consumable Fuels (continued)
Range Resources Corp.		131,419		$ 2,571,870
Valero Energy Corp.		265,129		20,396,374
Williams Cos., Inc.		499,125		14,978,741

				675,218,219

Paper & Forest Products - 0.1%
International Paper Co.		248,986		14,147,385

Personal Products - 0.1%
Coty, Inc., Class A		274,000		4,529,220
Estee Lauder Cos., Inc., Class A		134,496		14,504,049

				19,033,269

Pharmaceuticals - 4.8%
Allergan PLC		199,691		40,926,670
Bristol-Myers Squibb Co.		978,909		62,395,660
Eli Lilly & Co.		577,503		49,399,607
Johnson & Johnson		1,599,924		208,006,119
Merck & Co., Inc.		1,631,082		104,438,180
Mylan NV^(b)		325,073		10,197,540
Perrigo Co. PLC		77,467		6,557,582
Pfizer, Inc.		3,560,256		127,101,104
Zoetis, Inc.		293,032		18,683,720

				627,706,182

Professional Services - 0.2%
Equifax, Inc.		73,274		7,766,311
Nielsen Holdings PLC		196,435		8,142,231
Robert Half International, Inc.		74,783		3,764,576
Verisk Analytics, Inc. ^(a)(b)		94,221		7,838,245

				27,511,363

Real Estate Investment Trusts (REITs) - 2.8%
Alexandria Real Estate Equities, Inc. ^(a)		55,441		6,595,816
American Tower Corp.		255,858		34,970,671
Apartment Investment & Management Co., Class A		91,141		3,997,444
AvalonBay Communities, Inc.		82,843		14,780,848
Boston Properties, Inc.		94,106		11,563,745
Crown Castle International Corp.		242,560		24,251,149
Digital Realty Trust, Inc.		122,417		14,485,604
Duke Realty Corp.		208,164		5,999,286
Equinix, Inc.		46,469		20,739,115
Equity Residential		220,571		14,542,246
Essex Property Trust, Inc.		39,611		10,062,382
Extra Space Storage, Inc. ^(a)		77,234		6,172,541
Federal Realty Investment Trust		42,469		5,275,074
GGP, Inc.		366,286		7,607,760
HCP, Inc.		275,244		7,660,041
Host Hotels & Resorts, Inc.		434,468		8,033,313
Kimco Realty Corp. ^(a)		249,356		4,874,910
Macerich Co.		64,673		3,555,075
Mid-America Apartment Communities, Inc.		66,350		7,091,488
Prologis, Inc.		318,438		20,208,075
Public Storage		89,625		19,178,854
Realty Income Corp. ^(a)		160,650		9,187,574
Regency Centers Corp.		86,603		5,372,850
Simon Property Group, Inc. ^(a)		187,157		30,134,149
SL Green Realty Corp.		58,685		5,945,964
UDR, Inc.		164,285		6,247,759
Ventas, Inc.		214,309		13,957,945
Vornado Realty Trust ^(a)		101,338		7,790,865
Welltower, Inc.		222,184		15,615,092
Weyerhaeuser Co.		456,561		15,536,737

				361,434,372

Real Estate Management & Development - 0.1%
CBRE Group, Inc., Class A ^(b)		174,809		6,621,765

Road & Rail - 0.9%
CSX Corp.		545,545		29,601,271
JB Hunt Transport Services, Inc.		50,885		5,652,306
Kansas City Southern		62,228		6,762,939
Norfolk Southern Corp.		172,550		22,818,012
Union Pacific Corp.		477,974		55,430,645

				120,265,173

Semiconductors & Semiconductor Equipment - 3.7%
Advanced Micro Devices, Inc. ^(a)(b)		473,862		6,041,740
Analog Devices, Inc.		220,529		19,002,984
Applied Materials, Inc.		637,974		33,232,066
Broadcom Ltd.		242,729		58,871,492
Intel Corp.		2,807,904		106,924,946
KLA-Tencor Corp.		91,720		9,722,320
Lam Research Corp.		97,106		17,968,494
Microchip Technology, Inc.		137,016		12,301,296
Micron Technology, Inc. ^(b)		665,390		26,169,789
NVIDIA Corp.		357,991		63,998,051
Qorvo, Inc. ^(b)		73,781		5,214,841
QUALCOMM, Inc.		885,265		45,892,138
Skyworks Solutions, Inc.		107,948		10,999,901
Texas Instruments, Inc.		591,789		53,047,966
Xilinx, Inc.		145,689		10,319,152

				479,707,176

Software - 5.0%
Activision Blizzard, Inc.		450,766		29,078,915
Adobe Systems, Inc. ^(b)		293,954		43,852,058
ANSYS, Inc. ^(b)		49,472		6,071,698
Autodesk, Inc.^(b)		131,436		14,755,005
CA, Inc.		183,640		6,129,903
Cadence Design Systems, Inc. ^(a)(b)		171,359		6,763,540
Citrix Systems, Inc. ^(b)		83,916		6,446,427
Electronic Arts, Inc. ^(b)		184,561		21,789,272

Schedule of Investments (continued)

S&P 500 Index Master Portfolio

(Percentages shown are based on Net Assets)


Common Stocks	Shares		Value
Software (continued)
Intuit, Inc.		145,381		$ 20,664,455
Microsoft Corp.		4,595,048		342,285,051
Oracle Corp.		1,802,365		87,144,348
Red Hat, Inc. ^(b)		105,055		11,646,397
salesforce.com, Inc. ^(b)		408,319		38,145,161
Symantec Corp.		368,502		12,090,551
Synopsys, Inc. ^(b)		87,886		7,077,460

				653,940,241

Specialty Retail - 2.1%
Advance Auto Parts, Inc. ^(a)		42,609		4,226,813
AutoZone, Inc. ^(b)		16,498		9,818,125
Best Buy Co., Inc.		160,888		9,164,180
CarMax, Inc. ^(b)		111,776		8,473,739
Foot Locker, Inc.		76,660		2,699,965
Gap, Inc.		129,253		3,816,841
Home Depot, Inc.		703,167		115,009,995
L Brands, Inc.		152,020		6,325,552
Lowe’s Cos., Inc.		504,299		40,313,662
O’Reilly Automotive, Inc. ^(b)		53,193		11,456,176
Ross Stores, Inc.		234,174		15,120,615
Signet Jewelers Ltd.		35,334		2,351,478
Tiffany & Co.		59,106		5,424,749
TJX Cos., Inc.		381,033		28,093,563
Tractor Supply Co.		76,121		4,817,698
Ulta Salon Cosmetics & Fragrance, Inc. ^(b)		35,557		8,038,015

				275,151,166

Technology Hardware, Storage & Peripherals - 4.2%
Apple, Inc.		3,081,960		474,991,521
Hewlett Packard Enterprise Co.		984,583		14,483,216
HP, Inc.		997,927		19,918,623
NetApp, Inc.		165,118		7,225,564
Seagate Technology PLC		168,099		5,575,844
Western Digital Corp.		177,736		15,356,390
Xerox Corp.		127,600		4,247,804

				541,798,962

Textiles, Apparel & Luxury Goods - 0.6%
Coach, Inc.		163,808		6,598,186
Hanesbrands, Inc.		211,689		5,216,017
Michael Kors Holdings Ltd. ^(b)		90,090		4,310,807
NIKE, Inc., Class B		787,252		40,819,016
PVH Corp.		44,958		5,667,406
Ralph Lauren Corp.		31,377		2,770,275
Under Armour, Inc., Class A ^(a)(b)		103,468		1,705,153
Under Armour, Inc., Class C ^(a)(b)		105,511		1,584,775
VF Corp.		199,537		12,684,567

				81,356,202

Thrifts & Mortgage Finance - 0.0%
People’s United Financial, Inc.		220,243		3,995,208

Tobacco - 1.4%
Altria Group, Inc.		1,144,648		72,593,576
Philip Morris International, Inc.		926,275		102,825,788

				175,419,364

Trading Companies & Distributors - 0.2%
Fastenal Co.		168,859		7,696,593
United Rentals, Inc. ^(b)		51,357		7,125,270
W.W. Grainger, Inc.		31,463		5,655,475

				20,477,338

Water Utilities - 0.1%
American Water Works Co., Inc.		104,989		8,494,660

Total Long-Term Investments (Cost - $7,927,034,400) - 99.1%				12,877,532,959

Short-Term Securities
BlackRock Cash Funds: Institutional, SL Agency Shares, 1.32% ^(c)(d)(e)		80,879,970		80,904,234
BlackRock Cash Funds: Treasury, SL Agency Shares, 0.97% ^(c)(e)		105,072,055		105,072,055


Total Short-Term Securities (Cost - $185,966,542) - 1.4%				185,976,289

Total Investments (Cost - $8,113,000,942) - 100.5%				13,063,509,248

Liabilities in Excess of Other Assets - (0.5)%				(66,745,821	)

Net Assets - 100.0%				$ 12,996,763,427

Schedule of Investments (continued)

S&P 500 Index Master Portfolio

Notes to Schedule of Investments

^(a)	Security, or a portion of the security, is on loan.

^(b)	Non-income producing security.

^(c)	Annualized 7-day yield as of period end.

^(d)	All or a portion of security was purchased with the cash collateral from loaned securities.

^(e)	During the period ended September 30, 2017, investments in issuers considered to be affiliates of the Master Portfolio for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, and/or related parties of the Master Portfolio were as follows:


Affiliate Persons and/or Related Parties	Shares Held at December 31, 2016		Shares Purchased			Shares Sold			Shares Held at September 30, 2017		Value at September 30, 2017		Income			Net Realized Gain (Loss)			Change in Unrealized Appreciation
BlackRock, Inc.		60,705		11,662			—			72,367	$	32,354,562	$	512,778			—		$	4,686,505
BlackRock Cash Funds: Institutional, SL Agency Shares		67,939,998		12,939,972	¹		—			80,879,970		80,904,234		232,007	²	$	(792	)		2,072
BlackRock Cash Funds: Treasury, SL Agency Shares		485,190,196		—			(380,118,141	)³		105,072,055		105,072,055		1,237,499			—			—
PNC Financial Services Group, Inc.		242,967		46,203			(3,215	)		285,955		38,538,155		495,471			1,354			4,831,915

Total											$	256,869,006	$	2,477,755		$	562		$	9,520,492

¹	Represents net shares purchased.

²	Represents all or portion of securities lending income earned from the reinvestment of cash collateral from loaned securities, net of fees, and collateral investment expenses, and other payments to and from borrowers of securities.

³	Represents net shares sold.

Derivative Financial Instruments Outstanding as of Period End

Futures Contracts

Description

Number of
Contracts

Expiration
Date

Notional
Amount
(000)

Value /
Unrealized
Appreciation

Long Contracts

S&P 500 E-Mini Index

930

December 2017

$ 116,999

705,733

Schedule of Investments (concluded)

S&P 500 Index Master Portfolio

Fair Value Hierarchy as of Period End

Various inputs are used in determining the fair value of investments and derivative financial instruments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

•

Level 1 – Unadjusted price quotations in active markets/exchanges for identical assets or liabilities that the Master Portfolio’s has the ability to access

•

Level 2 – Other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market–corroborated inputs)

•

Level 3 – Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Trust’s own assumptions used in determining the fair value of investments and derivative financial instruments)

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the BlackRock Global Valuation Methodologies Committee (the “Global Valuation Committee”) in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. Level 3 investments may also be adjusted to reflect illiquidity and/or non-transferability, with the amount of such discount estimated by the Global Valuation Committee in the absence of market information.

Changes in valuation techniques may result in transfers into or out of an assigned level within the hierarchy. In accordance with the Master Portfolio’s policy, transfers between different levels of the fair value hierarchy are deemed to have occurred as of the beginning of the reporting period. The categorization of a value determined for investments and derivative financial instruments is based on the pricing transparency of the investments and derivative financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Master Portfolio’s policy regarding valuation of investments and derivative financial instruments, refer to the Master Portfolio’s most recent financial statements as contained in its semi-annual report.

The following tables summarize the Master Portfolio’s investments and derivative financial instruments categorized in the disclosure hierarchy:


	Level 1		Level 2		Level 3		Total
Assets:
Investments:
Long-Term Investments:
Common Stocks¹	$	12,877,532,959		—		—	$	12,877,532,959
Short-Term Securities		185,976,289		—		—		185,976,289

Total	$	13,063,509,248		—		—	$	13,063,509,248

Derivative Financial Instruments²
Assets:
Equity contracts	$	705,733		—		—	$	705,733

¹	See above Schedule of Investments for values in each industry.

²	Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument.

During the period ended September 30, 2017, there were no transfers between levels.

Item 2. Controls and Procedures.

(a)

The Registrant’s principal executive officer and principal financial officer evaluated the Registrant’s disclosure controls (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) within 90 days of the date of this filing and concluded that the Registrant’s disclosure control and procedures were effective as of that date.

(b)

There was no change in the Registrant’s internal control over financial reporting that occurred during the Registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting.

Item 3. Exhibits.

Separate certifications by the Registrant’s principal executive officer and principal financial officer, as required by Rule 30a-2(a) under the 1940 Act, are attached.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


Transamerica Funds
(Registrant)

By:		/s/ *Marijn P. Smit*
		Marijn P. Smit
		President and Chief Executive Officer
		(Principal Executive Officer)
Date:		November 24, 2017

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.


		By:		/s/ *Marijn P. Smit*
				Marijn P. Smit
				President and Chief Executive Officer
				(Principal Executive Officer)
		Date:		November 24, 2017

		By:		/s/ *Vincent J. Toner*
				Vincent J. Toner
				Vice President and Treasurer
				(Principal Financial Officer)
		Date:		November 24, 2017

Dates Referenced Herein and Documents Incorporated by Reference

This ‘N-Q’ Filing	Date	Other Filings

Filed on / Effective on:	11/24/17
For Period End:	9/30/17	N-MFP2
	7/1/17
	12/31/16	N-MFP2, N-MFP2/A
		List all Filings

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Filing Submission 0001193125-17-351317 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Transamerica Funds – ‘N-Q’ for 9/30/17

On: Friday, 11/24/17, at 12:31pm ET · Effective: 11/24/17 · For: 9/30/17 · Accession #: 1193125-17-351317 · File #: 811-04556

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Quarterly Schedule of Portfolio Holdings of a Management Investment Company — Form N-QFiling Table of Contents

N-Q — Quarterly Schedule of Portfolio Holdings of a Management Investment Company

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Dates Referenced Herein and Documents Incorporated by Reference

Quarterly Schedule of Portfolio Holdings of a Management Investment Company — Form N-Q
Filing Table of Contents