# EDGAR Filing Document

**Accession Number:** 0000787623
**File Stem:** 0001410368-25-007624
**Filing Date:** 2025-9
**Character Count:** 163544
**Document Hash:** 189c74abb3a0aee1142c82510e36cb4a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-007624.hdr.sgml**: 20250922

**ACCESSION NUMBER**: 0001410368-25-007624

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250922

**DATE AS OF CHANGE**: 20250922

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TRANSAMERICA FUNDS
- **CENTRAL INDEX KEY:** 0000787623

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04556
- **FILM NUMBER:** 251328866

**BUSINESS ADDRESS:**
- **STREET 1:** 1801 CALIFORNIA STREET
- **STREET 2:** SUITE 5200
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80202
- **BUSINESS PHONE:** 720-482-8836

**MAIL ADDRESS:**
- **STREET 1:** 1801 CALIFORNIA STREET
- **STREET 2:** SUITE 5200
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TRANSAMERICA IDEX MUTUAL FUNDS
- **DATE OF NAME CHANGE:** 20040301

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** IDEX MUTUAL FDS
- **DATE OF NAME CHANGE:** 20010504

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** IDEX MUTUAL FUNDS /
- **DATE OF NAME CHANGE:** 20010423

## Series and Classes Contracts Data

### Transamerica Emerging Markets Debt (Series ID: S000033683)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000103735 | A            | EMTAX           |
| C000103736 | C            | EMTCX           |
| C000103737 | I            | EMTIX           |
| C000103738 | I2           | IAADX           |
| C000156761 | R6           | TAEDX           |

## Nport-Ex

**Transamerica Emerging Markets Debt**

------

**SCHEDULE OF INVESTMENTS**

**At July 31, 2025**

**(unaudited)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **FOREIGN GOVERNMENT OBLIGATIONS - 57.0%**  | **FOREIGN GOVERNMENT OBLIGATIONS - 57.0%**  | **FOREIGN GOVERNMENT OBLIGATIONS - 57.0%**  |
| **Angola - 1.0%**  | **Angola - 1.0%**  | **Angola - 1.0%**  |
| Angola Government International <br> Bonds |  |  |
| 8.00%, 11/26/2029 <sup>(A)</sup> <br>| $500000 | $466103 |
| 8.75%, 04/14/2032 <sup>(A)</sup> <br>| 1940000 | 1763325 |
|  |  | 2229428 |
| **Argentina - 2.3%**  | **Argentina - 2.3%**  | **Argentina - 2.3%**  |
| Argentina Republic Government <br> International Bonds |  |  |
| 0.75% <sup>(B)</sup>, 07/09/2030 | 1600000 | 1237424 |
| 3.50% <sup>(B)</sup>, 07/09/2041 | 1025000 | 623713 |
| 4.13% <sup>(B)</sup>, 07/09/2035 - 07/09/2046 | 2927727 | 1894030 |
| Provincia de Buenos Aires Government <br> Bonds |  |  |
| 6.63%, 09/01/2037 <sup>(C)</sup> <br>| 1284329 | 908662 |
| Provincia de Cordoba |  |  |
| 9.75%, 07/02/2032 <sup>(A)</sup> <br>| 530000 | 535300 |
|  |  | 5199129 |
| **Brazil - 4.3%**  | **Brazil - 4.3%**  | **Brazil - 4.3%**  |
| Brazil Government International Bonds |  |  |
| 6.63%, 03/15/2035 | 500000 | 502231 |
| Brazil Notas do Tesouro Nacional |  |  |
| 10.00%, 01/01/2027 - 01/01/2035 | BRL 62,421,000 | 9469872 |
|  |  | 9972103 |
| **China - 0.8%**  | **China - 0.8%**  | **China - 0.8%**  |
| China Government Bonds |  |  |
| 3.27%, 11/19/2030 | CNY 12,500,000 | 1896754 |
| **Colombia - 3.0%**  | **Colombia - 3.0%**  | **Colombia - 3.0%**  |
| Colombia Government International <br> Bonds |  |  |
| 3.25%, 04/22/2032 | $2000000 | 1623000 |
| 8.50%, 04/25/2035 | 1570000 | 1661845 |
| Colombia TES |  |  |
| 7.00%, 03/26/2031 | COP 3,997,000,000 | 780886 |
| 11.50%, 07/25/2046 | 6762300000 | 1516795 |
| 13.25%, 02/09/2033 | 4866000000 | 1238785 |
|  |  | 6821311 |
| **Cote d'Ivoire - 1.9%**  | **Cote d'Ivoire - 1.9%**  | **Cote d'Ivoire - 1.9%**  |
| Ivory Coast Government International <br> Bonds |  |  |
| 4.88%, 01/30/2032 <sup>(C)</sup> <br>| EUR 793,000 | 835556 |
| 8.08%, 04/01/2036 <sup>(A)</sup> <br>| $1220000 | 1201568 |
| 8.25%, 01/30/2037 <sup>(A)</sup> <br>| 2005000 | 1981579 |
| 8.25%, 01/30/2037 <sup>(C)</sup> <br>| 240000 | 237196 |
|  |  | 4255899 |
| **Czech Republic - 0.2%**  | **Czech Republic - 0.2%**  | **Czech Republic - 0.2%**  |
| Czech Republic Government Bonds |  |  |
| 1.95%, 07/30/2037 | CZK 14,340,000 | 508215 |
| **Dominican Republic - 1.0%**  | **Dominican Republic - 1.0%**  | **Dominican Republic - 1.0%**  |
| Dominican Republic International <br> Bonds |  |  |
| 6.95%, 03/15/2037 <sup>(A)</sup> <br>| $2325000 | 2381962 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **FOREIGN GOVERNMENT OBLIGATIONS (continued)** | **FOREIGN GOVERNMENT OBLIGATIONS (continued)** | **FOREIGN GOVERNMENT OBLIGATIONS (continued)** |
| **Ecuador - 0.7%**  | **Ecuador - 0.7%**  | **Ecuador - 0.7%**  |
| Ecuador Government International <br> Bonds |  |  |
| 6.90%, 07/31/2035 <sup>(C)</sup> <br>| $2290000 | $1709485 |
| **Egypt - 0.6%**  | **Egypt - 0.6%**  | **Egypt - 0.6%**  |
| Egypt Government International Bonds |  |  |
| 7.05%, 01/15/2032 <sup>(A)</sup> <br>| 350000 | 320964 |
| 7.30%, 09/30/2033 <sup>(A)</sup> <br>| 540000 | 481150 |
| 7.30%, 09/30/2033 <sup>(C)</sup> <br>| 530000 | 472240 |
|  |  | 1274354 |
| **El Salvador - 0.6%**  | **El Salvador - 0.6%**  | **El Salvador - 0.6%**  |
| El Salvador Government International <br> Bonds |  |  |
| 8.25%, 04/10/2032 <sup>(A)</sup> <br>| 370000 | 376845 |
| 9.65%, 11/21/2054 <sup>(A)</sup> <br>| 1050000 | 1081500 |
|  |  | 1458345 |
| **Ghana - 0.9%**  | **Ghana - 0.9%**  | **Ghana - 0.9%**  |
| Ghana Government International <br> Bonds |  |  |
| 5.00% <sup>(B)</sup>, 07/03/2035 <sup>(C)</sup>  | 2496280 | 2004272 |
| **Guatemala - 0.5%**  | **Guatemala - 0.5%**  | **Guatemala - 0.5%**  |
| Guatemala Government Bonds |  |  |
| 6.25%, 08/15/2036 <sup>(A)</sup> <br>| 1160000 | 1165870 |
| **Hungary - 1.9%**  | **Hungary - 1.9%**  | **Hungary - 1.9%**  |
| Hungary Government Bonds |  |  |
| 3.00%, 10/27/2038 | HUF 820,880,000 | 1495350 |
| Hungary Government International <br> Bonds |  |  |
| 5.38%, 09/26/2030 <sup>(A)</sup> <br>| $670000 | 678395 |
| 6.25%, 09/22/2032 <sup>(A)</sup> <br>| 1215000 | 1272900 |
| 6.75%, 09/23/2055 <sup>(A)</sup> <br>| 965000 | 975791 |
|  |  | 4422436 |
| **Indonesia - 2.2%**  | **Indonesia - 2.2%**  | **Indonesia - 2.2%**  |
| Indonesia Treasury Bonds |  |  |
| 6.75%, 07/15/2035 | IDR 29,166,000,000 | 1794467 |
| 8.25%, 05/15/2036 | 21431000000 | 1454021 |
| 8.38%, 03/15/2034 | 26896000000 | 1822488 |
|  |  | 5070976 |
| **Lebanon - 0.2%**  | **Lebanon - 0.2%**  | **Lebanon - 0.2%**  |
| Lebanon Government International <br> Bonds |  |  |
| 6.85%, 05/25/2029 <sup>(C)</sup><sup>(D)</sup><sup>(E)</sup> <br>| $2105000 | 390478 |
| **Malaysia - 1.3%**  | **Malaysia - 1.3%**  | **Malaysia - 1.3%**  |
| Malaysia Government Bonds |  |  |
| 4.23%, 06/30/2031 | MYR 9,223,000 | 2263473 |
| 4.70%, 10/15/2042 | 2725000 | 714246 |
|  |  | 2977719 |
| **Mexico - 5.8%**  | **Mexico - 5.8%**  | **Mexico - 5.8%**  |
| Mexico Bonos |  |  |
| 8.50%, 03/02/2028 - 02/28/2030 | MXN 84,580,000 | 4476462 |
| 10.00%, 11/20/2036 | 57625800 | 3184219 |

---

**Transamerica Funds**

**Page 1**

------

**Transamerica Emerging Markets Debt**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At July 31, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **FOREIGN GOVERNMENT OBLIGATIONS (continued)** | **FOREIGN GOVERNMENT OBLIGATIONS (continued)** | **FOREIGN GOVERNMENT OBLIGATIONS (continued)** |
| **Mexico (continued)** | **Mexico (continued)** | **Mexico (continued)** |
| Mexico Government International <br> Bonds |  |  |
| 6.63%, 01/29/2038 | $3370000 | $3386850 |
| 7.38%, 05/13/2055 | 2290000 | 2358700 |
|  |  | 13406231 |
| **Morocco - 0.5%**  | **Morocco - 0.5%**  | **Morocco - 0.5%**  |
| Morocco Government International <br> Bonds |  |  |
| 3.00%, 12/15/2032 <sup>(A)</sup> <br>| 1335000 | 1135874 |
| **Nigeria - 0.6%**  | **Nigeria - 0.6%**  | **Nigeria - 0.6%**  |
| Nigeria Government International <br> Bonds |  |  |
| 7.14%, 02/23/2030 <sup>(A)</sup> <br>| 790000 | 769543 |
| 8.25%, 09/28/2051 <sup>(A)</sup> <br>| 600000 | 512294 |
|  |  | 1281837 |
| **Pakistan - 0.7%**  | **Pakistan - 0.7%**  | **Pakistan - 0.7%**  |
| Pakistan Global Sukuk Programme Co. <br> Ltd. |  |  |
| 7.95%, 01/31/2029 <sup>(A)</sup> <br>| 420000 | 422310 |
| Pakistan Government International <br> Bonds |  |  |
| 7.38%, 04/08/2031 <sup>(A)</sup> <br>| 540000 | 505655 |
| 8.88%, 04/08/2051 <sup>(A)</sup> <br>| 900000 | 780102 |
|  |  | 1708067 |
| **Panama - 0.4%**  | **Panama - 0.4%**  | **Panama - 0.4%**  |
| Panama Government International <br> Bonds |  |  |
| 3.87%, 07/23/2060 | 590000 | 343274 |
| 4.30%, 04/29/2053 | 1000000 | 656130 |
|  |  | 999404 |
| **Papua New Guinea - 0.5%**  | **Papua New Guinea - 0.5%**  | **Papua New Guinea - 0.5%**  |
| Papua New Guinea Government <br> International Bonds |  |  |
| 8.38%, 10/04/2028 <sup>(C)</sup> <br>| 1015000 | 1041601 |
| **Peru - 0.5%**  | **Peru - 0.5%**  | **Peru - 0.5%**  |
| Peru Government Bonds |  |  |
| 7.60%, 08/12/2039 <sup>(C)</sup> <br>| PEN 3,768,000 | 1110249 |
| **Philippines - 1.7%**  | **Philippines - 1.7%**  | **Philippines - 1.7%**  |
| Philippines Government Bonds |  |  |
| 6.25%, 01/25/2034 | PHP 30,450,000 | 524213 |
| 6.88%, 05/23/2044 | 30450000 | 537278 |
| Philippines Government International <br> Bonds |  |  |
| 5.50%, 02/04/2035 | $2800000 | 2914258 |
|  |  | 3975749 |
| **Poland - 3.5%**  | **Poland - 3.5%**  | **Poland - 3.5%**  |
| Bank Gospodarstwa Krajowego |  |  |
| 6.25%, 07/09/2054 <sup>(A)</sup> <br>| 1000000 | 1003027 |
| Republic of Poland Government Bonds |  |  |
| 2.50%, 07/25/2026 | PLN 8,474,000 | 2227356 |
| 7.50%, 07/25/2028 | 5925000 | 1710777 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **FOREIGN GOVERNMENT OBLIGATIONS (continued)** | **FOREIGN GOVERNMENT OBLIGATIONS (continued)** | **FOREIGN GOVERNMENT OBLIGATIONS (continued)** |
| **Poland (continued)** | **Poland (continued)** | **Poland (continued)** |
| Republic of Poland Government <br> International Bonds |  |  |
| 5.50%, 03/18/2054 | $3290000 | $3075554 |
|  |  | 8016714 |
| **Republic of South Africa - 2.7%**  | **Republic of South Africa - 2.7%**  | **Republic of South Africa - 2.7%**  |
| Republic of South Africa Government <br> Bonds |  |  |
| 8.25%, 03/31/2032 | ZAR 14,673,570 | 780224 |
| 8.75%, 01/31/2044 | 8573000 | 394500 |
| 8.88%, 02/28/2035 | 28033000 | 1467376 |
| 11.63%, 03/31/2053 | 25475000 | 1507502 |
| Republic of South Africa Government <br> International Bonds |  |  |
| 5.75%, 09/30/2049 | $2350000 | 1741101 |
| 7.95%, 11/19/2054 <sup>(A)</sup> <br>| 450000 | 427655 |
|  |  | 6318358 |
| **Romania - 3.0%**  | **Romania - 3.0%**  | **Romania - 3.0%**  |
| Romania Government Bonds |  |  |
| 4.85%, 07/25/2029 | RON 6,815,000 | 1403774 |
| 7.10%, 07/31/2034 | 6480000 | 1445898 |
| 7.35%, 04/28/2031 | 3970000 | 892552 |
| Romania Government International <br> Bonds |  |  |
| 5.75%, 03/24/2035 <sup>(A)</sup> <br>| $1450000 | 1373936 |
| 6.63%, 05/16/2036 <sup>(A)</sup> <br>| 510000 | 509363 |
| 7.13%, 01/17/2033 <sup>(A)</sup> <br>| 1315000 | 1395236 |
|  |  | 7020759 |
| **Saudi Arabia - 1.7%**  | **Saudi Arabia - 1.7%**  | **Saudi Arabia - 1.7%**  |
| Saudi Government International Bonds |  |  |
| 5.13%, 01/13/2028 <sup>(A)</sup> <br>| 640000 | 651158 |
| 5.63%, 01/13/2035 <sup>(A)</sup> <br>| 1750000 | 1827981 |
| 5.75%, 01/16/2054 <sup>(A)</sup> <br>| 1433000 | 1380186 |
|  |  | 3859325 |
| **Senegal - 0.4%**  | **Senegal - 0.4%**  | **Senegal - 0.4%**  |
| Senegal Government International <br> Bonds |  |  |
| 6.25%, 05/23/2033 <sup>(A)</sup> <br>| 960000 | 710092 |
| 7.75%, 06/10/2031 <sup>(C)</sup> <br>| 200000 | 163345 |
|  |  | 873437 |
| **Serbia - 0.4%**  | **Serbia - 0.4%**  | **Serbia - 0.4%**  |
| Serbia International Bonds |  |  |
| 2.05%, 09/23/2036 <sup>(A)</sup> <br>| EUR 790,000 | 696577 |
| 6.00%, 06/12/2034 <sup>(A)</sup> <br>| $255000 | 260057 |
|  |  | 956634 |
| **Sri Lanka - 0.7%**  | **Sri Lanka - 0.7%**  | **Sri Lanka - 0.7%**  |
| Sri Lanka Government International <br> Bonds |  |  |
| 3.10% <sup>(B)</sup>, 01/15/2030 <sup>(A)</sup> <br>| 425184 | 381603 |
| 3.35% <sup>(B)</sup>, 03/15/2033 <sup>(C)</sup> <br>| 1160000 | 948960 |
| 3.60% <sup>(B)</sup>, 02/15/2038 <sup>(A)</sup> <br>| 420000 | 352051 |
|  |  | 1682614 |

---

**Transamerica Funds**

**Page 2**

------

**Transamerica Emerging Markets Debt**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At July 31, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **FOREIGN GOVERNMENT OBLIGATIONS (continued)** | **FOREIGN GOVERNMENT OBLIGATIONS (continued)** | **FOREIGN GOVERNMENT OBLIGATIONS (continued)** |
| **Supranational - 4.4%**  | **Supranational - 4.4%**  | **Supranational - 4.4%**  |
| Asian Development Bank |  |  |
| 6.20%, 10/06/2026 | INR 38,300,000 | $436391 |
| Asian Infrastructure Investment Bank |  |  |
| 4.25%, 01/27/2027 <sup>(C)</sup> <br>| PHP 59,400,000 | 999635 |
| 6.00%, 12/08/2031 <sup>(C)</sup> <br>| INR 96,500,000 | 1055983 |
| 6.96%, 01/14/2035 <sup>(C)</sup> <br>| 92000000 | 1066978 |
| Banque Ouest Africaine de <br> Developpement |  |  |
| &nbsp;&nbsp;&nbsp; 5-Year CMT + 4.22%, 8.20% <sup>(F)</sup>, <br> 02/13/2055 <sup>(A)</sup> <br>| $1130000 | 1142675 |
| Corp. Andina de Fomento |  |  |
| &nbsp;&nbsp;&nbsp; 5-Year SOFR ICE Swap + 3.12%, <br> 6.75% <sup>(F)</sup>, 06/17/2030 <sup>(A)</sup><sup>(G)</sup><sup>(H)</sup> <br>| 430000 | 437531 |
| European Bank for Reconstruction & <br> Development |  |  |
| &nbsp;&nbsp;&nbsp; Zero Coupon, 04/05/2036 - <br> 10/04/2036<br>| TRY 2,121,500,000 | 3016064 |
| 6.25%, 04/11/2028 | INR 38,900,000 | 440524 |
| Inter-American Development Bank |  |  |
| 7.00%, 04/17/2033 | 78000000 | 908297 |
| International Finance Corp. |  |  |
| 17.50%, 07/19/2028 | UZS 8,600,000,000 | 708200 |
|  |  | 10212278 |
| **Turkey - 3.0%**  | **Turkey - 3.0%**  | **Turkey - 3.0%**  |
| Istanbul Metropolitan Municipality |  |  |
| 10.50%, 12/06/2028 <sup>(A)</sup> <br>| $945000 | 1022383 |
| Republic of Turkiye |  |  |
| 6.50%, 01/03/2035 | 1550000 | 1484163 |
| Turkiye Government Bonds |  |  |
| 12.60%, 10/01/2025 | TRY 94,470,438 | 2228131 |
| Turkiye Government International <br> Bonds |  |  |
| 5.75%, 05/11/2047 | $2130000 | 1626769 |
| 7.13%, 07/17/2032 | 500000 | 504696 |
|  |  | 6866142 |
| **Ukraine - 0.4%**  | **Ukraine - 0.4%**  | **Ukraine - 0.4%**  |
| Ukraine Government International <br> Bonds |  |  |
| 0.00%, 08/01/2041 <sup>(C)</sup> <br>| 390000 | 288893 |
| 1.75% <sup>(B)</sup>, 02/01/2035 <sup>(A)</sup> <br>| 510071 | 259629 |
| 3.00% <sup>(B)</sup>, 02/01/2035 <sup>(C)</sup> <br>| 845000 | 390994 |
|  |  | 939516 |
| **Uzbekistan - 0.5%**  | **Uzbekistan - 0.5%**  | **Uzbekistan - 0.5%**  |
| Republic of Uzbekistan International <br> Bonds |  |  |
| 15.50%, 02/25/2028 <sup>(A)</sup> <br>| UZS 14,790,000,000 | 1172209 |
| **Venezuela - 0.1%**  | **Venezuela - 0.1%**  | **Venezuela - 0.1%**  |
| Venezuela Government International <br> Bonds |  |  |
| 9.00%, 05/07/2023 <sup>(C)</sup><sup>(D)</sup><sup>(E)</sup> <br>| $1440000 | 259344 |
| **Zambia - 2.1%**  | **Zambia - 2.1%**  | **Zambia - 2.1%**  |
| Zambia Government Bonds |  |  |
| 14.00%, 06/01/2035 - 12/26/2038 | ZMW 31,605,000 | 1038764 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **FOREIGN GOVERNMENT OBLIGATIONS (continued)** | **FOREIGN GOVERNMENT OBLIGATIONS (continued)** | **FOREIGN GOVERNMENT OBLIGATIONS (continued)** |
| **Zambia (continued)** | **Zambia (continued)** | **Zambia (continued)** |
| Zambia Government Bonds (continued) |  |  |
| 20.00%, 06/23/2040 | ZMW 11,500,000 | $495772 |
| 23.29%, 11/25/2039 | 5000000 | 245205 |
| Zambia Government International <br> Bonds |  |  |
| 0.50%, 12/31/2053 <sup>(A)</sup> <br>| $1400000 | 1022812 |
| 0.50%, 12/31/2053 <sup>(C)</sup> <br>| 802384 | 586206 |
| 5.75% <sup>(B)</sup>, 06/30/2033 <sup>(C)</sup> <br>| 1569963 | 1461189 |
|  |  | 4849948 |
| &nbsp;&nbsp; **Total Foreign Government** <br> **Obligations** <br>**(Cost $128,125,735)**<br>|  | 131425026 |
| **CORPORATE DEBT SECURITIES - 36.0%**  | **CORPORATE DEBT SECURITIES - 36.0%**  | **CORPORATE DEBT SECURITIES - 36.0%**  |
| **Argentina - 1.1%**  | **Argentina - 1.1%**  | **Argentina - 1.1%**  |
| Arcor SAIC |  |  |
| 7.60%, 07/31/2033 <sup>(A)</sup> <br>| 770000 | 768075 |
| Pluspetrol SA |  |  |
| 8.50%, 05/30/2032 <sup>(A)</sup> <br>| 710000 | 724200 |
| Telecom Argentina SA |  |  |
| 9.25%, 05/28/2033 <sup>(A)</sup> <br>| 1000000 | 1033002 |
|  |  | 2525277 |
| **Brazil - 0.7%**  | **Brazil - 0.7%**  | **Brazil - 0.7%**  |
| Samarco Mineracao SA |  |  |
| &nbsp;&nbsp;&nbsp; PIK Rate 9.00%, Cash Rate 0.00%, <br>06/30/2031 <sup>(C)</sup><sup>(I)</sup> <br>| 1641029 | 1625202 |
| **Canada - 0.5%**  | **Canada - 0.5%**  | **Canada - 0.5%**  |
| First Quantum Minerals Ltd. |  |  |
| 8.63%, 06/01/2031 <sup>(A)</sup> <br>| 1050000 | 1093317 |
| **Cayman Islands - 3.2%**  | **Cayman Islands - 3.2%**  | **Cayman Islands - 3.2%**  |
| Alibaba Group Holding Ltd. |  |  |
| 5.25%, 05/26/2035 <sup>(A)</sup><sup>(H)</sup> <br>| 1040000 | 1055412 |
| DP World Crescent Ltd. |  |  |
| 3.88%, 07/18/2029 <sup>(C)</sup> <br>| 1260000 | 1219258 |
| Health & Happiness H&H International <br> Holdings Ltd. |  |  |
| 9.13%, 07/24/2028 <sup>(C)</sup> <br>| 500000 | 514964 |
| IHS Holding Ltd. |  |  |
| 5.63%, 11/29/2026 <sup>(A)</sup> <br>| 690000 | 681158 |
| 8.25%, 11/29/2031 <sup>(A)</sup><sup>(H)</sup> <br>| 850000 | 866296 |
| Liberty Costa Rica Senior Secured <br> Finance |  |  |
| 10.88%, 01/15/2031 <sup>(A)</sup> <br>| 700000 | 745500 |
| Longfor Group Holdings Ltd. |  |  |
| 4.50%, 01/16/2028 <sup>(C)</sup> <br>| 850000 | 766101 |
| Montego Bay Airport Revenue Finance <br> Ltd. |  |  |
| 6.60%, 06/15/2035 <sup>(A)</sup> <br>| 690000 | 689772 |
| Vale Overseas Ltd. |  |  |
| 6.40%, 06/28/2054 | 950000 | 932934 |
|  |  | 7471395 |
| **Chile - 1.6%**  | **Chile - 1.6%**  | **Chile - 1.6%**  |
| AES Andes SA |  |  |
| 6.25%, 03/14/2032 <sup>(A)</sup> <br>| 1060000 | 1077613 |

---

**Transamerica Funds**

**Page 3**

------

**Transamerica Emerging Markets Debt**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At July 31, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **Chile (continued)** | **Chile (continued)** | **Chile (continued)** |
| Alfa Desarrollo SpA |  |  |
| 4.55%, 09/27/2051 <sup>(A)</sup> <br>| $988046 | $743967 |
| Chile Electricity PEC SpA |  |  |
| Zero Coupon, 01/25/2028 <sup>(C)</sup> <br>| 750459 | 662280 |
| Telefonica Moviles Chile SA |  |  |
| 3.54%, 11/18/2031 <sup>(A)</sup> <br>| 850000 | 556750 |
| WOM Mobile SA |  |  |
| &nbsp;&nbsp;&nbsp; PIK Rate 12.50%, Cash Rate 5.50%, <br>04/01/2031 <sup>(A)</sup><sup>(I)</sup> <br>| 625457 | 606693 |
|  |  | 3647303 |
| **Colombia - 0.8%**  | **Colombia - 0.8%**  | **Colombia - 0.8%**  |
| Banco Davivienda SA |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 07/02/2030, <br>8.13% <sup>(F)</sup>, 07/02/2035 <sup>(A)</sup> <br>| 785000 | 798729 |
| Grupo Nutresa SA |  |  |
| 9.00%, 05/12/2035 <sup>(A)</sup> <br>| 890000 | 973267 |
|  |  | 1771996 |
| **El Salvador - 0.4%**  | **El Salvador - 0.4%**  | **El Salvador - 0.4%**  |
| Comision Ejecutiva Hidroelectrica del <br> Rio Lempa |  |  |
| 8.65%, 01/24/2033 <sup>(A)</sup><sup>(H)</sup> <br>| 840000 | 847560 |
| **Hong Kong - 0.1%**  | **Hong Kong - 0.1%**  | **Hong Kong - 0.1%**  |
| Vanke Real Estate Hong Kong Co. Ltd. |  |  |
| 3.98%, 11/09/2027 <sup>(C)</sup> <br>| 250000 | 201684 |
| **India - 1.4%**  | **India - 1.4%**  | **India - 1.4%**  |
| Adani Ports & Special Economic Zone <br> Ltd. |  |  |
| 3.10%, 02/02/2031 <sup>(A)</sup> <br>| 600000 | 513084 |
| Adani Transmission Step-One Ltd. |  |  |
| 4.00%, 08/03/2026 <sup>(C)</sup> <br>| 990000 | 977903 |
| IIFL Finance Ltd. |  |  |
| 8.75%, 07/24/2028 <sup>(A)</sup> <br>| 850000 | 863473 |
| Muthoot Finance Ltd. |  |  |
| 6.38%, 04/23/2029 <sup>(A)</sup> <br>| 350000 | 350273 |
| Sammaan Capital Ltd. |  |  |
| 9.70%, 07/03/2027 <sup>(A)</sup> <br>| 450000 | 458992 |
|  |  | 3163725 |
| **Ireland - 0.0% \*** | **Ireland - 0.0% \*** | **Ireland - 0.0% \*** |
| Sovcombank Via SovCom Capital DAC |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 02/17/2027 <sup>(G)</sup>, <br>7.60% <sup>(A)</sup><sup>(F)</sup> <br>| 640000 | 23120 |
| **Jersey, Channel Islands - 0.4%**  | **Jersey, Channel Islands - 0.4%**  | **Jersey, Channel Islands - 0.4%**  |
| Galaxy Pipeline Assets Bidco Ltd. |  |  |
| 2.16%, 03/31/2034 <sup>(C)</sup> <br>| 1032010 | 920105 |
| **Luxembourg - 3.7%**  | **Luxembourg - 3.7%**  | **Luxembourg - 3.7%**  |
| Adecoagro SA |  |  |
| 7.50%, 07/29/2032 <sup>(A)</sup> <br>| 1040000 | 1041820 |
| Chile Electricity Lux MPC II SARL |  |  |
| 5.67%, 10/20/2035 <sup>(A)</sup> <br>| 610000 | 620828 |
| Chile Electricity Lux MPC SARL |  |  |
| 6.01%, 01/20/2033 <sup>(A)</sup> <br>| 895000 | 928151 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **Luxembourg (continued)** | **Luxembourg (continued)** | **Luxembourg (continued)** |
| EIG Pearl Holdings SARL |  |  |
| 4.39%, 11/30/2046 <sup>(A)</sup> <br>| $1800000 | $1425510 |
| Greensaif Pipelines Bidco SARL |  |  |
| 6.10%, 08/23/2042 <sup>(A)</sup> <br>| 600000 | 610024 |
| MC Brazil Downstream Trading SARL |  |  |
| 7.25%, 06/30/2031 <sup>(A)</sup> <br>| 1176750 | 958698 |
| Movida Europe SA |  |  |
| 7.85%, 04/11/2029 <sup>(A)</sup><sup>(H)</sup> <br>| 700000 | 662272 |
| Raizen Fuels Finance SA |  |  |
| 6.70%, 02/25/2037 <sup>(A)</sup> <br>| 955000 | 927148 |
| Saavi Energia SARL |  |  |
| 8.88%, 02/10/2035 <sup>(A)</sup> <br>| 1250000 | 1301000 |
|  |  | 8475451 |
| **Malaysia - 0.9%**  | **Malaysia - 0.9%**  | **Malaysia - 0.9%**  |
| Petronas Capital Ltd. |  |  |
| 4.95%, 01/03/2031 <sup>(A)</sup> <br>| 2020000 | 2052775 |
| **Mexico - 4.5%**  | **Mexico - 4.5%**  | **Mexico - 4.5%**  |
| Banco Mercantil del Norte SA |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 05/20/2035 <sup>(G)</sup>, <br>8.75% <sup>(A)</sup><sup>(F)</sup> <br>| 1130000 | 1156714 |
| Banco Nacional de Comercio Exterior <br> SNC |  |  |
| 5.88%, 05/07/2030 <sup>(A)</sup> <br>| 750000 | 763125 |
| BBVA Mexico SA Institucion De Banca <br> Multiple Grupo Financiero |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 02/11/2030, <br>7.63% <sup>(F)</sup>, 02/11/2035 <sup>(A)</sup> <br>| 810000 | 832149 |
| Comision Federal de Electricidad |  |  |
| 3.35%, 02/09/2031 <sup>(A)</sup> <br>| 1325000 | 1158634 |
| Orbia Advance Corp. SAB de CV |  |  |
| 7.50%, 05/13/2035 <sup>(A)</sup> <br>| 1030000 | 1060797 |
| Petroleos Mexicanos |  |  |
| 6.70%, 02/16/2032 | 520000 | 495663 |
| 6.84%, 01/23/2030 | 1430000 | 1407204 |
| 6.88%, 08/04/2026 | 1290000 | 1295181 |
| 7.69%, 01/23/2050 | 2710000 | 2297439 |
|  |  | 10466906 |
| **Morocco - 0.8%**  | **Morocco - 0.8%**  | **Morocco - 0.8%**  |
| OCP SA |  |  |
| 6.10%, 04/30/2030 <sup>(A)</sup> <br>| 860000 | 874803 |
| 7.50%, 05/02/2054 <sup>(A)</sup><sup>(H)</sup> <br>| 970000 | 980204 |
|  |  | 1855007 |
| **Multi-National - 0.7%**  | **Multi-National - 0.7%**  | **Multi-National - 0.7%**  |
| &nbsp;&nbsp; ATP Tower Holdings/Andean Telecom <br> Partners Chile SpA/Andean Tower <br>Partners |  |  |
| 7.88%, 02/03/2030 <sup>(A)</sup> <br>| 430000 | 436181 |
| &nbsp;&nbsp; Digicel Intermediate Holdings <br> Ltd./Digicel International Finance <br>Ltd./Difl U.S. LLC |  |  |
| &nbsp;&nbsp;&nbsp; PIK Rate 1.50%, Cash Rate 9.00%, <br>05/25/2027 <sup>(I)</sup> <br>| 1093042 | 1097961 |
|  |  | 1534142 |

---

**Transamerica Funds**

**Page 4**

------

**Transamerica Emerging Markets Debt**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At July 31, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **Netherlands - 3.3%**  | **Netherlands - 3.3%**  | **Netherlands - 3.3%**  |
| Braskem Netherlands Finance BV |  |  |
| 4.50%, 01/31/2030 <sup>(A)</sup><sup>(H)</sup> <br>| $880000 | $623931 |
| 8.00%, 10/15/2034 <sup>(A)</sup> <br>| 1625000 | 1155781 |
| IHS Netherlands Holdco BV |  |  |
| 8.00%, 09/18/2027 <sup>(A)</sup> <br>| 515606 | 517810 |
| MV24 Capital BV |  |  |
| 6.75%, 06/01/2034 <sup>(A)</sup> <br>| 600502 | 597109 |
| Prosus NV |  |  |
| 3.83%, 02/08/2051 <sup>(A)</sup> <br>| 1550000 | 999249 |
| 4.99%, 01/19/2052 <sup>(A)</sup> <br>| 1220000 | 946896 |
| Veon Midco BV |  |  |
| 3.38%, 11/25/2027 <sup>(C)</sup> <br>| 1000000 | 922989 |
| Yinson Bergenia Production BV |  |  |
| 8.50%, 01/31/2045 <sup>(A)</sup> <br>| 800000 | 825554 |
| Yinson Boronia Production BV |  |  |
| 8.95%, 07/31/2042 <sup>(A)</sup> <br>| 1030145 | 1110351 |
|  |  | 7699670 |
| **Nigeria - 0.5%**  | **Nigeria - 0.5%**  | **Nigeria - 0.5%**  |
| SEPLAT Energy PLC |  |  |
| 9.13%, 03/21/2030 <sup>(A)</sup> <br>| 1040000 | 1073879 |
| **Northern Mariana Islands - 0.4%**  | **Northern Mariana Islands - 0.4%**  | **Northern Mariana Islands - 0.4%**  |
| Greenko Wind Projects Mauritius Ltd. |  |  |
| 7.25%, 09/27/2028 <sup>(A)</sup> <br>| 470000 | 478646 |
| HTA Group Ltd. |  |  |
| 7.50%, 06/04/2029 <sup>(A)</sup> <br>| 500000 | 516051 |
|  |  | 994697 |
| **Peru - 0.3%**  | **Peru - 0.3%**  | **Peru - 0.3%**  |
| Peru LNG SRL |  |  |
| 5.38%, 03/22/2030 <sup>(C)</sup> <br>| 833400 | 794017 |
| **Poland - 0.4%**  | **Poland - 0.4%**  | **Poland - 0.4%**  |
| ORLEN SA |  |  |
| 6.00%, 01/30/2035 <sup>(A)</sup> <br>| 940000 | 965647 |
| **Republic of Korea - 0.5%**  | **Republic of Korea - 0.5%**  | **Republic of Korea - 0.5%**  |
| LG Energy Solution Ltd. |  |  |
| 5.88%, 04/02/2035 <sup>(A)</sup> <br>| 1125000 | 1138987 |
| **Republic of South Africa - 0.4%**  | **Republic of South Africa - 0.4%**  | **Republic of South Africa - 0.4%**  |
| Eskom Holdings SOC Ltd. |  |  |
| 7.50%, 09/15/2033 | ZAR 20,000,000 | 919254 |
| **Saudi Arabia - 1.2%**  | **Saudi Arabia - 1.2%**  | **Saudi Arabia - 1.2%**  |
| Saudi Arabian Oil Co. |  |  |
| 4.75%, 06/02/2030 <sup>(A)</sup> <br>| $710000 | 714804 |
| 6.38%, 06/02/2055 <sup>(A)</sup> <br>| 2070000 | 2099392 |
|  |  | 2814196 |
| **Singapore - 0.5%**  | **Singapore - 0.5%**  | **Singapore - 0.5%**  |
| LLPL Capital Pte. Ltd. |  |  |
| 6.88%, 02/04/2039 <sup>(A)</sup> <br>| 1163520 | 1197523 |
| **Spain - 0.3%**  | **Spain - 0.3%**  | **Spain - 0.3%**  |
| AL Candelaria Spain SA |  |  |
| 5.75%, 06/15/2033 <sup>(A)</sup> <br>| 875000 | 754679 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **Thailand - 1.0%**  | **Thailand - 1.0%**  | **Thailand - 1.0%**  |
| Bangkok Bank PCL |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 03/25/2035, <br>6.06% <sup>(F)</sup>, 03/25/2040 <sup>(A)</sup> <br>| $1470000 | $1474032 |
| Muangthai Capital PCL |  |  |
| 7.55%, 07/21/2030 <sup>(A)</sup><sup>(H)</sup> <br>| 820000 | 832249 |
|  |  | 2306281 |
| **Togo - 0.4%**  | **Togo - 0.4%**  | **Togo - 0.4%**  |
| Ecobank Transnational, Inc. |  |  |
| 10.13%, 10/15/2029 <sup>(A)</sup> <br>| 780000 | 821065 |
| **Turkey - 2.0%**  | **Turkey - 2.0%**  | **Turkey - 2.0%**  |
| GDZ Elektrik Dagitim AS |  |  |
| 9.00%, 10/15/2029 <sup>(A)</sup> <br>| 500000 | 483627 |
| Limak Yenilenebilir Enerji AS |  |  |
| 9.63%, 08/12/2030 <sup>(A)</sup> <br>| 710000 | 708310 |
| TAV Havalimanlari Holding AS |  |  |
| 8.50%, 12/07/2028 <sup>(A)</sup> <br>| 600000 | 624154 |
| Turkiye Garanti Bankasi AS |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 10/08/2030, <br>8.13% <sup>(F)</sup>, 01/08/2036 <sup>(A)</sup> <br>| 740000 | 748863 |
| Turkiye Sinai Kalkinma Bankasi AS |  |  |
| 7.38%, 07/02/2030 <sup>(A)</sup> <br>| 850000 | 857408 |
| Yapi ve Kredi Bankasi AS |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 04/04/2029 <sup>(G)</sup>, <br>9.74% <sup>(A)</sup><sup>(F)</sup> <br>| 1080000 | 1133724 |
|  |  | 4556086 |
| **Ukraine - 0.3%**  | **Ukraine - 0.3%**  | **Ukraine - 0.3%**  |
| VF Ukraine PAT via VFU Funding PLC |  |  |
| 9.63%, 02/11/2027 <sup>(A)</sup> <br>| 767480 | 731185 |
| **United Arab Emirates - 0.6%**  | **United Arab Emirates - 0.6%**  | **United Arab Emirates - 0.6%**  |
| NBK Tier 1 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 01/10/2031 <sup>(G)</sup>, <br>6.38% <sup>(A)</sup><sup>(F)</sup> <br>| 640000 | 648115 |
| Sweihan PV Power Co. PJSC |  |  |
| 3.63%, 01/31/2049 <sup>(A)</sup> <br>| 870295 | 715187 |
|  |  | 1363302 |
| **United Kingdom - 2.0%**  | **United Kingdom - 2.0%**  | **United Kingdom - 2.0%**  |
| Biocon Biologics Global PLC |  |  |
| 6.67%, 10/09/2029 <sup>(A)</sup> <br>| 950000 | 894482 |
| Energean PLC |  |  |
| 6.50%, 04/30/2027 <sup>(A)</sup><sup>(H)</sup> <br>| 1230000 | 1208475 |
| Standard Chartered PLC |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 03/08/2030 <sup>(G)</sup>, <br>7.88% <sup>(A)</sup><sup>(F)</sup> <br>| 1100000 | 1162742 |
| Trident Energy Finance PLC |  |  |
| 12.50%, 11/30/2029 <sup>(A)</sup> <br>| 680000 | 699052 |
| Vedanta Resources Finance II PLC |  |  |
| 9.85%, 04/24/2033 <sup>(A)</sup> <br>| 760000 | 762817 |
|  |  | 4727568 |
| **United States - 0.9%**  | **United States - 0.9%**  | **United States - 0.9%**  |
| Kosmos Energy Ltd. |  |  |
| 8.75%, 10/01/2031 <sup>(A)</sup><sup>(H)</sup> <br>| 795000 | 612801 |
| Sasol Financing USA LLC |  |  |
| 5.50%, 03/18/2031 | 820000 | 682472 |

---

**Transamerica Funds**

**Page 5**

------

**Transamerica Emerging Markets Debt**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At July 31, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **United States (continued)** | **United States (continued)** | **United States (continued)** |
| Stillwater Mining Co. |  |  |
| 4.50%, 11/16/2029 <sup>(A)</sup> <br>| $740000 | $676215 |
|  |  | 1971488 |
| **Venezuela - 0.1%**  | **Venezuela - 0.1%**  | **Venezuela - 0.1%**  |
| Petroleos de Venezuela SA |  |  |
| 9.75%, 05/17/2035 <sup>(C)</sup><sup>(D)</sup><sup>(E)</sup> <br>| 1000000 | 157000 |
| **Virgin Islands, British - 0.1%**  | **Virgin Islands, British - 0.1%**  | **Virgin Islands, British - 0.1%**  |
| NWD MTN Ltd. |  |  |
| 4.13%, 07/18/2029 <sup>(C)</sup> <br>| 570000 | 289104 |
| &nbsp;&nbsp; **Total Corporate Debt Securities** <br>**(Cost $82,952,566)**<br>|  | 82950593 |
| **CONVERTIBLE BOND - 0.3%**  | **CONVERTIBLE BOND - 0.3%**  | **CONVERTIBLE BOND - 0.3%**  |
| **Chile - 0.3%**  | **Chile - 0.3%**  | **Chile - 0.3%**  |
| &nbsp;&nbsp;&nbsp; WOM Chile Holdco SpA <br>PIK Rate 5.00%, Cash Rate 0.00%, <br>04/01/2032 <sup>(A)</sup><sup>(I)</sup> <br>| 796038 | 782139 |
| &nbsp;&nbsp; **Total Convertible Bond** <br>**(Cost $803,998)**<br>|  | 782139 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCK - 0.1%**  | **COMMON STOCK - 0.1%**  | **COMMON STOCK - 0.1%**  |
| **United States - 0.1%**  | **United States - 0.1%**  | **United States - 0.1%**  |
| Wom New Holdco <sup>(E)(J)(K)</sup> <br>| 2467 | 123350 |
| &nbsp;&nbsp; **Total Common Stock** <br>**(Cost $391,217)**<br>|  | 123350 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **SHORT-TERM FOREIGN GOVERNMENT OBLIGATION - 1.2%**  | **SHORT-TERM FOREIGN GOVERNMENT OBLIGATION - 1.2%**  | **SHORT-TERM FOREIGN GOVERNMENT OBLIGATION - 1.2%**  |
| **Egypt - 1.2%**  | **Egypt - 1.2%**  | **Egypt - 1.2%**  |
| &nbsp;&nbsp; Egypt Treasury Bills <br>32.96% <sup>(L)</sup>, 10/21/2025<br>| EGP 144,525,000 | 2792877 |
| &nbsp;&nbsp; **Total Short-Term Foreign Government Obligation** <br>**(Cost $2,723,588)** | &nbsp;&nbsp; **Total Short-Term Foreign Government Obligation** <br>**(Cost $2,723,588)** | 2792877 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **OTHER INVESTMENT COMPANY - 2.4%**  | **OTHER INVESTMENT COMPANY - 2.4%**  | **OTHER INVESTMENT COMPANY - 2.4%**  |
| **Securities Lending Collateral - 2.4%**  | **Securities Lending Collateral - 2.4%**  | **Securities Lending Collateral - 2.4%**  |
| &nbsp;&nbsp; State Street Navigator Securities Lending <br> Trust - Government Money Market Portfolio, <br> 4.27% <sup>(L)</sup> <br>| 5713638 | $5713638 |
| &nbsp;&nbsp; **Total Other Investment Company** <br>**(Cost $5,713,638)** | &nbsp;&nbsp; **Total Other Investment Company** <br>**(Cost $5,713,638)** | 5713638 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **REPURCHASE AGREEMENT - 3.8%**  | **REPURCHASE AGREEMENT - 3.8%**  | **REPURCHASE AGREEMENT - 3.8%**  |
| &nbsp;&nbsp; Fixed Income Clearing Corp., <br>1.80% <sup>(L)</sup>, dated 07/31/2025, to be <br> repurchased at $8,713,452 on 08/01/2025. <br> Collateralized by a U.S. Government <br> Obligation, 3.75% due 04/30/2027, and with <br> a value of $8,887,374.<br>| $8713016 | 8713016 |
| &nbsp;&nbsp; **Total Repurchase Agreement** <br>**(Cost $8,713,016)** | &nbsp;&nbsp; **Total Repurchase Agreement** <br>**(Cost $8,713,016)** | 8713016 |
| &nbsp;&nbsp; **Total Investments** <br>**(Cost $229,423,758)** | &nbsp;&nbsp; **Total Investments** <br>**(Cost $229,423,758)** | 232500639 |
| **Net Other Assets (Liabilities) - (0.8)%** | **Net Other Assets (Liabilities) - (0.8)%** | (1930400) |
| **Net Assets - 100.0%** | **Net Assets - 100.0%** | **$230570239** |

---

**FORWARD FOREIGN CURRENCY CONTRACTS:**

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Settlement** <br>**Date**<br>| &nbsp;&nbsp; **Currency** <br>**Purchased** | &nbsp;&nbsp; **Currency** <br>**Purchased** | &nbsp;&nbsp; **Currency** <br>**Sold** | &nbsp;&nbsp; **Currency** <br>**Sold** | &nbsp;&nbsp; **Unrealized** <br>**Appreciation**<br>| &nbsp;&nbsp; **Unrealized** <br>**Depreciation**<br>|
| CA | 08/22/2025 | &nbsp;&nbsp;&nbsp;&nbsp; MYR | &nbsp;&nbsp; 11366948 | &nbsp;&nbsp;&nbsp;&nbsp; USD | &nbsp;&nbsp; 2680062 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $(12521)<br>|
| CA | 08/29/2025 | &nbsp;&nbsp;&nbsp;&nbsp; CZK | &nbsp;&nbsp; 33925766 | &nbsp;&nbsp;&nbsp;&nbsp; USD | &nbsp;&nbsp; 1589788 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (13406)<br>|
| GSB | 08/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; USD | &nbsp;&nbsp; 8828941 | &nbsp;&nbsp;&nbsp;&nbsp; BRL | &nbsp;&nbsp; 48985364 | &nbsp;&nbsp;&nbsp;&nbsp; 89770 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| GSB | 08/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; BRL | &nbsp;&nbsp; 48985364 | &nbsp;&nbsp;&nbsp;&nbsp; USD | &nbsp;&nbsp; 8761342 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (22171)<br>|
| GSB | 09/03/2025 | &nbsp;&nbsp;&nbsp;&nbsp; USD | &nbsp;&nbsp; 1915615 | &nbsp;&nbsp;&nbsp;&nbsp; BRL | &nbsp;&nbsp; 10810104 | &nbsp;&nbsp;&nbsp;&nbsp; 2201 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| HSBC | 08/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; USD | &nbsp;&nbsp; 1318000 | &nbsp;&nbsp;&nbsp;&nbsp; BRL | &nbsp;&nbsp; 7392662 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (878)<br>|
| HSBC | 08/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; USD | &nbsp;&nbsp; 663848 | &nbsp;&nbsp;&nbsp;&nbsp; BRL | &nbsp;&nbsp; 3718944 | &nbsp;&nbsp;&nbsp;&nbsp; 375 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| HSBC | 08/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; BRL | &nbsp;&nbsp; 11111606 | &nbsp;&nbsp;&nbsp;&nbsp; USD | &nbsp;&nbsp; 1985623 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (3272)<br>|
| JPM | 08/08/2025 | &nbsp;&nbsp;&nbsp;&nbsp; USD | &nbsp;&nbsp; 963500 | &nbsp;&nbsp;&nbsp;&nbsp; PHP | &nbsp;&nbsp; 54514830 | &nbsp;&nbsp;&nbsp;&nbsp; 29165 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| JPM | 08/08/2025 | &nbsp;&nbsp;&nbsp;&nbsp; PHP | &nbsp;&nbsp; 54514830 | &nbsp;&nbsp;&nbsp;&nbsp; USD | &nbsp;&nbsp; 959937 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (25603)<br>|
| JPM | 08/22/2025 | &nbsp;&nbsp;&nbsp;&nbsp; USD | &nbsp;&nbsp; 2218000 | &nbsp;&nbsp;&nbsp;&nbsp; KRW | &nbsp;&nbsp; 3061949000 | &nbsp;&nbsp;&nbsp;&nbsp; 7356 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| JPM | 08/22/2025 | &nbsp;&nbsp;&nbsp;&nbsp; USD | &nbsp;&nbsp; 3711575 | &nbsp;&nbsp;&nbsp;&nbsp; KRW | &nbsp;&nbsp; 5181358630 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (29226)<br>|
| JPM | 08/22/2025 | &nbsp;&nbsp;&nbsp;&nbsp; KRW | &nbsp;&nbsp; 8243307630 | &nbsp;&nbsp;&nbsp;&nbsp; USD | &nbsp;&nbsp; 5980005 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (28560)<br>|
| JPM | 08/29/2025 | &nbsp;&nbsp;&nbsp;&nbsp; USD | &nbsp;&nbsp; 223813 | &nbsp;&nbsp;&nbsp;&nbsp; EUR | &nbsp;&nbsp; 193687 | &nbsp;&nbsp;&nbsp;&nbsp; 2339 | &nbsp;&nbsp;&nbsp;&nbsp; — |

---

**Transamerica Funds**

**Page 6**

------

**Transamerica Emerging Markets Debt**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At July 31, 2025**

**(unaudited)**

**FORWARD FOREIGN CURRENCY CONTRACTS (continued):**

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Settlement**<br> **Date**<br>| &nbsp;&nbsp; **Currency**<br> **Purchased** | &nbsp;&nbsp; **Currency**<br> **Purchased** | &nbsp;&nbsp; **Currency**<br> **Sold** | &nbsp;&nbsp; **Currency**<br> **Sold** | &nbsp;&nbsp; **Unrealized**<br> **Appreciation**<br>| &nbsp;&nbsp; **Unrealized**<br> **Depreciation**<br>|
| JPM | 08/29/2025 | &nbsp;&nbsp;&nbsp;&nbsp; USD | &nbsp;&nbsp; 1141572 | &nbsp;&nbsp;&nbsp;&nbsp; PLN | &nbsp;&nbsp; 4240445 | &nbsp;&nbsp;&nbsp;&nbsp; $10645 | &nbsp;&nbsp;&nbsp;&nbsp; $— |
| RBC | 08/01/2025 | &nbsp;&nbsp;&nbsp;&nbsp; USD | &nbsp;&nbsp; 2163299 | &nbsp;&nbsp;&nbsp;&nbsp; CLP | &nbsp;&nbsp; 2098400000 | &nbsp;&nbsp;&nbsp;&nbsp; 5799 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| RBC | 08/01/2025 | &nbsp;&nbsp;&nbsp;&nbsp; USD | &nbsp;&nbsp; 2145450 | &nbsp;&nbsp;&nbsp;&nbsp; CLP | &nbsp;&nbsp; 2098400000 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (12050)<br>|
| RBC | 08/01/2025 | &nbsp;&nbsp;&nbsp;&nbsp; CLP | &nbsp;&nbsp; 2098400000 | &nbsp;&nbsp;&nbsp;&nbsp; USD | &nbsp;&nbsp; 2200000 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (42500)<br>|
| RBC | 08/01/2025 | &nbsp;&nbsp;&nbsp;&nbsp; CLP | &nbsp;&nbsp; 2098400000 | &nbsp;&nbsp;&nbsp;&nbsp; USD | &nbsp;&nbsp; 2145450 | &nbsp;&nbsp;&nbsp;&nbsp; 12050 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| RBC | 09/03/2025 | &nbsp;&nbsp;&nbsp;&nbsp; CLP | &nbsp;&nbsp; 2098400000 | &nbsp;&nbsp;&nbsp;&nbsp; USD | &nbsp;&nbsp; 2163300 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (5695)<br>|
| **Total** | **Total** | **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp;&nbsp; **$159700** | &nbsp;&nbsp;&nbsp; **$(195882)**<br>|

---

**INVESTMENTS BY INDUSTRY:**

------

---

| | | |
|:---|:---|:---|
| **Industry** | **Percentage of** <br>**Total Investments**<br>| **Value** |
| Foreign Government Obligations | &nbsp;&nbsp; 56.5% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $131425026 |
| Oil, Gas & Consumable Fuels | &nbsp;&nbsp;&nbsp;&nbsp; 9.5 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22193693 |
| Electric Utilities | &nbsp;&nbsp;&nbsp;&nbsp; 5.0 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11626650 |
| Banks | &nbsp;&nbsp;&nbsp;&nbsp; 4.1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9562378 |
| Communications Equipment | &nbsp;&nbsp;&nbsp;&nbsp; 2.5 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5694080 |
| Chemicals | &nbsp;&nbsp;&nbsp;&nbsp; 2.3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5377988 |
| Metals & Mining | &nbsp;&nbsp;&nbsp;&nbsp; 2.2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5090485 |
| Construction & Engineering | &nbsp;&nbsp;&nbsp;&nbsp; 1.9 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4331422 |
| Financial Services | &nbsp;&nbsp;&nbsp;&nbsp; 1.8 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4144534 |
| Internet & Catalog Retail | &nbsp;&nbsp;&nbsp;&nbsp; 1.3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3001557 |
| Food Products | &nbsp;&nbsp;&nbsp;&nbsp; 1.2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2783162 |
| Commercial Services & Supplies | &nbsp;&nbsp;&nbsp;&nbsp; 1.0 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2394614 |
| Energy Equipment & Services | &nbsp;&nbsp;&nbsp;&nbsp; 1.0 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2304184 |
| Transportation Infrastructure | &nbsp;&nbsp;&nbsp;&nbsp; 0.6 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1422663 |
| Real Estate Management & Development | &nbsp;&nbsp;&nbsp;&nbsp; 0.5 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1256889 |
| Automobile Components | &nbsp;&nbsp;&nbsp;&nbsp; 0.5 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1138987 |
| Biotechnology | &nbsp;&nbsp;&nbsp;&nbsp; 0.4 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 894482 |
| Pharmaceuticals | &nbsp;&nbsp;&nbsp;&nbsp; 0.2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 514964 |
| Wireless Telecommunication Services | &nbsp;&nbsp;&nbsp;&nbsp; 0.1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 123350 |
| **Investments** | **92.6** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **215281108** |
| Short-Term Investments | &nbsp;&nbsp;&nbsp;&nbsp; 7.4 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17219531 |
| **Total Investments** | **100.0%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$232500639** |

---

**Transamerica Funds**

**Page 7**

------

**Transamerica Emerging Markets Debt**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At July 31, 2025**

**(unaudited)**

**INVESTMENT VALUATION:**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Valuation Inputs** <sup>(M)</sup> <br>|  |  |  |  |
|  | **Level 1 -** <br>**Unadjusted** <br>**Quoted Prices**<br>| **Level 2 -** <br>**Other Significant** <br>**Observable Inputs**<br>| **Level 3 -** <br>**Significant** <br>**Unobservable Inputs** <sup>(N)</sup> <br>| **Value** |
| **ASSETS** |  |  |  |  |
| **Investments** |  |  |  |  |
| Foreign Government Obligations | $— | &nbsp;&nbsp; $131425026 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $131425026 |
| Corporate Debt Securities |  | &nbsp;&nbsp; 82950593 | &nbsp;&nbsp; — | &nbsp;&nbsp; 82950593 |
| Convertible Bond |  | &nbsp;&nbsp; 782139 | &nbsp;&nbsp; — | &nbsp;&nbsp; 782139 |
| Common Stock |  | &nbsp;&nbsp; — | &nbsp;&nbsp; 123350 | &nbsp;&nbsp; 123350 |
| Short-Term Foreign Government Obligation |  | &nbsp;&nbsp; 2792877 | &nbsp;&nbsp; — | &nbsp;&nbsp; 2792877 |
| Other Investment Company | 5713638 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 5713638 |
| Repurchase Agreement |  | &nbsp;&nbsp; 8713016 | &nbsp;&nbsp; — | &nbsp;&nbsp; 8713016 |
| **Total Investments** | **$5713638** | &nbsp;&nbsp; **$226663651** | &nbsp;&nbsp; **$123350** | &nbsp;&nbsp; **$232500639** |
| **Other Financial Instruments** |  |  |  |  |
| Forward Foreign Currency Contracts <sup>(O)</sup> <br>| $— | &nbsp;&nbsp; $159700 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $159700 |
| **Total Other Financial Instruments** | **$—** | &nbsp;&nbsp; **$159700** | &nbsp;&nbsp; **$—** | &nbsp;&nbsp; **$159700** |
| **LIABILITIES** |  |  |  |  |
| **Other Financial Instruments** |  |  |  |  |
| Forward Foreign Currency Contracts <sup>(O)</sup> <br>| $— | &nbsp;&nbsp; $(195882)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(195882)<br>|
| **Total Other Financial Instruments** | **$—** | &nbsp;&nbsp; **$(195882)**<br>| &nbsp;&nbsp; **$—** | &nbsp;&nbsp; **$(195882)**<br>|

---

**FOOTNOTES TO SCHEDULE OF INVESTMENTS:** 

\* *Percentage rounds to less than 0.1% or (0.1)%.*

<sup>(A)</sup> *Security is exempt from registration pursuant to Rule 144A of the Securities Act of 1933. Security may be resold as transactions exempt from* *registration, normally to qualified institutional buyers. At July 31, 2025, the total value of 144A securities is $100,389,208, representing 43.5% of the* *Fund's net assets.* 

<sup>(B)</sup> *Step bond. Coupon rate changes in increments to maturity. The rate disclosed is as of July 31, 2025; the maturity date disclosed is the ultimate maturity* *date.* 

<sup>(C)</sup> *Security exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside* *the United States. Security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the* *registration requirements of the Securities Act of 1933. At July 31, 2025, the total value of the Regulation S securities is $24,981,873, representing* *10.8% of the Fund's net assets.* 

<sup>(D)</sup> *Security in default; no interest payments received and/or dividends declared during the last 12 months. At July 31, 2025, the value of this security is* *$806,822, representing 0.3% of the Fund's net assets.* 

<sup>(E)</sup> *Non-income producing security.*

<sup>(F)</sup> *Floating or variable rate security. The rate disclosed is as of July 31, 2025. For securities based on a published reference rate and spread, the reference* *rate and spread are indicated within the description. Variable rate securities with a floor or ceiling feature are disclosed at the inherent rate, where* *applicable. Certain variable rate securities are not based on a published reference rate and spread, but are determined by the issuer or agent and are* *based on current market conditions; these securities do not indicate a reference rate and spread in the description.* 

<sup>(G)</sup> *Perpetual maturity. The date displayed is the next call date.*

<sup>(H)</sup> *All or a portion of the security is on loan. The total value of the securities on loan is $5,596,333, collateralized by cash collateral of $5,713,638. 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.* 

<sup>(I)</sup> *Payment in-kind. Security pays interest or dividends in the form of additional bonds or preferred stock. If the security makes a cash payment in addition* *to in-kind, the cash rate is disclosed separately.* 

<sup>(J)</sup> *Security is Level 3 of the fair value hierarchy and is valued based on unobservable inputs (see Notes to Schedule of Investments). At July 31, 2025, the* *total value of the securities is $123,350, representing less than 0.1% of the Fund's net assets.* 

<sup>(K)</sup> *Fair valued as determined in good faith in accordance with TAM's procedures. At July 31, 2025, the total value of the securities is $123,350,* *representing 0.1% of the Fund's net assets.* 

<sup>(L)</sup> *Rate disclosed reflects the yield at July 31, 2025.*

<sup>(M)</sup> *There were no transfers in or out of Level 3 during the period ended July 31, 2025. Please reference the Investment Valuation section of the Notes to* *Schedule of Investments for more information regarding investment valuation and pricing inputs.* 

<sup>(N)</sup> *Level 3 security was not considered significant to the Fund.*

<sup>(O)</sup> *Derivative instruments are valued at unrealized appreciation (depreciation).*

**Transamerica Funds**

**Page 8**

------

**Transamerica Emerging Markets Debt**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At July 31, 2025**

**(unaudited)**

**CURRENCY ABBREVIATION(S):** 

---

| | |
|:---|:---|
| *BRL* | *Brazilian Real* |
| *CLP* | *Chile Peso* |
| *CNY* | *China Yuan Renminbi* |
| *COP* | *Colombian Peso* |
| *CZK* | *Czech Republic Koruna* |
| *EGP* | *Egypt Pound* |
| *EUR* | *Euro* |
| *HUF* | *Hungary Forint* |
| *IDR* | *Indonesia Rupiah* |
| *INR* | *Indian Rupee* |
| *KRW* | *South Korean Won* |
| *MXN* | *Mexico Peso* |
| *MYR* | *Malaysia Ringgit* |
| *PEN* | *Peruvian Sol* |
| *PHP* | *Philippines Peso* |
| *PLN* | *Poland Zloty* |
| *RON* | *Romania New Leu* |
| *TRY* | *Turkish New Lira* |
| *USD* | *United States Dollar* |
| *UZS* | *Uzbekistan Som* |
| *ZAR* | *South Africa Rand* |
| *ZMW* | *Zambian Kwacha* |

---

**COUNTERPARTY ABBREVIATION(S):** 

---

| | |
|:---|:---|
| *CA* | *Credit Agricole* |
| *GSB* | *Goldman Sachs Bank* |
| *HSBC* | *HSBC Bank USA* |
| *JPM* | *JPMorgan Chase Bank, N.A.* |
| *RBC* | *Royal Bank of Canada* |

---

**PORTFOLIO ABBREVIATION(S):** 

---

| | |
|:---|:---|
| *CMT* | *Constant Maturity Treasury* |
| *ICE* | *IntercontinentalExchange*<sup>®</sup> <br>|
| *PJSC* | *Private Joint Stock Co.* |
| *SOFR* | *Secured Overnight Financing Rate* |

---

**Transamerica Funds**

**Page 9**

------

**Transamerica Emerging Markets Debt**

------

**NOTES TO SCHEDULE OF INVESTMENTS**

**At July 31, 2025**

**(unaudited)**

**INVESTMENT VALUATION**

Transamerica Emerging Markets Debt (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, 2025, 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:

*Convertible bonds:* The fair value of convertible bonds is estimated using various techniques, which consider recently executed transactions in securities of the issuer or comparable issuers, broker price quotations (where observable), and models incorporating benchmark curves, underlying stock data, and foreign exchange rates. While most convertible bonds are categorized in Level 2 of the fair value hierarchy, in instances where lower relative weight is placed on transaction prices, quotations, or similar observable inputs, they are categorized in Level 3.

*Corporate debt securities:* The fair value of corporate debt securities is estimated using various techniques, which consider recently executed transactions in securities of the issuer or comparable issuers, market price quotations (where observable), bond spreads, fundamental data relating to the issuer, and credit default swap spreads adjusted for any basis difference between cash and derivative instruments. While most corporate debt securities are categorized in Level 2 of the fair value hierarchy, in instances where lower relative weight is placed on transaction prices, quotations, or similar observable inputs, they are categorized in Level 3.

*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

**Transamerica Funds**

**Page 10**

------

**Transamerica Emerging Markets Debt**

------

**NOTES TO SCHEDULE OF INVESTMENTS (continued)**

**At July 31, 2025**

**(unaudited)**

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 government obligations:* Foreign government obligations are normally valued using a model that incorporates market observable data such as reported sales of similar securities, broker quotes, yields, bids, offers, and reference data. Certain securities are valued by principally using dealer quotations. Foreign government obligations generally are categorized in Level 2 of the fair value hierarchy, or Level 3 if inputs are unobservable.

*Short-term notes:* The Fund normally values short-term government and U.S. government agency securities using a model that incorporates market observable data such as reported sales of similar securities, broker quotes, yields, bids, offers and reference data. Certain securities are valued by principally using dealer quotations. Short-term government and U.S. government agency securities generally are categorized in Level 2 of the fair value hierarchy, or Level 3 if inputs are unobservable.

*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.

*Repurchase agreements:* Repurchase agreements are valued at cost, which approximates fair value. To the extent the inputs are observable and timely, the values are generally categorized in Level 2 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.

**Transamerica Funds**

**Page 11**

------

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** TRANSAMERICA FUNDS

- **b. Investment Company Act file number:** 811-04556

- **c. CIK number of Registrant:** 0000787623

- **d. LEI of Registrant:** 54930088ZHZE1VMYEY52

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 1801 CALIFORNIA STREET

  - **City:** DENVER

  - **State:** CO

  - **Foreign country:** US

  - **Zip / Postal Code:** 80202

  - **Telephone number:** 720-493-4256

**Item A.2. Information about the Series.**

- **a. Name of Series:** Transamerica Emerging Markets Debt

- **b. EDGAR series identifier (if any):** S000033683

- **c. LEI of Series:** 549300UOGL5KQ4NPEX35

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-07-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $242890151.41

**Total Liabilities:** $12260995.93

**Net Assets:** $230629155.48

**Delayed Delivery Securities:** $725000.00

**Cash Not Reported:** $490846.01

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** -123.01000000 | **1-Year:** -2791.74000000 | **5-Year:** -12423.47000000 | **10-Year:** -24690.12000000 | **30-Year:** -13788.50000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** -227.00000000 | **1-Year:** -5505.87000000 | **5-Year:** -19702.20000000 | **10-Year:** -18862.33000000 | **30-Year:** -7118.16000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000103735 | 1.44%                | 2.27%                | 0.87%                |
| Class ID C000156761 | 1.55%                | 2.38%                | 0.86%                |
| Class ID C000103736 | 1.45%                | 2.22%                | 0.76%                |
| Class ID C000103738 | 1.44%                | 2.39%                | 0.86%                |
| Class ID C000103737 | 1.44%                | 2.36%                | 0.86%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-17499.04               | $2124589.52                                |
| Month 2  | $-874614.55              | $5055682.06                                |
| Month 3  | $493945.94               | $-334063.64                                |

**Designated Index Information**

- **Index Name:** Securities Portfolio VaR

- **Index Identifier:** Designated Reference Portfolio is the Fund's Securities Portfolio

### Schedule of Portfolio Investments

| Name                                                    | Title                                                                           | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |     Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| IHS HOLDING LTD                                         | IHS Holding Ltd.                                                                | CUSIP: 44963HAA3<br>LEI: 213800CLGMKL63VKTD94 | Long             | DBT              | CORP              | KY        |      690000 | PA      | $681157.46    | 0.30%             | 2026-11-29      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| VF UKRAINE (VFU FUNDING)                                | VF Ukraine PAT via VFU Funding PLC                                              | CUSIP: 918212AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | UA        |      767480 | PA      | $731185.07    | 0.32%             | 2027-02-11      | Fixed         | 9.63%                 | No            |                  2 | On Loan: No      |
| DIG HLDNG/DIG FIN/DIFL                                  | Digicel Intermediate Holdings Ltd./Digicel International Finance Ltd./Difl U.S. | CUSIP: 000000000<br>LEI: 5493007V023VOEW4FK27 | Long             | DBT              | CORP              | XX        |     1093042 | PA      | $1097960.69   | 0.48%             | 2027-05-25      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| ASIAN INFRASTRUCTURE INV                                | Asian Infrastructure Investment Bank                                            | CUSIP: 000000000<br>LEI: 25490065OSV2524LCR32 | Long             | DBT              | NUSS              | XX        |    92000000 | PA      | $1066978.22   | 0.46%             | 2035-01-14      | Fixed         | 6.96%                 | Yes           |                  2 | On Loan: No      |
| Ivory Coast Government International Bonds              | Ivory Coast Government International Bonds                                      | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |      240000 | PA      | $237196.46    | 0.10%             | 2037-01-30      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC                                  | Standard Chartered PLC                                                          | CUSIP: 853254DA5<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |     1100000 | PA      | $1162741.80   | 0.50%             | 2030-03-08      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| ZAMBIA GOVERNMENT BOND                                  | Zambia Government Bonds                                                         | CUSIP: 000000000<br>LEI: 213800DMLAZ6LGMMD849 | Long             | DBT              | NUSS              | ZM        |    11500000 | PA      | $495771.49    | 0.21%             | 2040-06-23      | Fixed         | 20.00%                | No            |                  2 | On Loan: No      |
| SWEIHAN PV POWER CO PJSC                                | Sweihan PV Power Co. PJSC                                                       | CUSIP: 870674AA6<br>LEI: 353800EF1E1IC18GBC48 | Long             | DBT              | CORP              | AE        |      870295 | PA      | $715186.67    | 0.31%             | 2049-01-31      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                     | Petroleos Mexicanos                                                             | CUSIP: 71654QDC3<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     1430000 | PA      | $1407203.94   | 0.61%             | 2030-01-23      | Fixed         | 6.84%                 | No            |                  2 | On Loan: No      |
| GRUPO NUTRESA SA                                        | Grupo Nutresa SA                                                                | CUSIP: 40055CAB9<br>LEI: 254900KKAX7B7RJUE255 | Long             | DBT              | CORP              | CO        |      890000 | PA      | $973266.67    | 0.42%             | 2035-05-12      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| BIOCON BIOLOGICS GLOBAL                                 | Biocon Biologics Global PLC                                                     | CUSIP: 090978AA5<br>LEI: 254900PMQN51VACG2D55 | Long             | DBT              | CORP              | GB        |      950000 | PA      | $894481.72    | 0.39%             | 2029-10-09      | Fixed         | 6.67%                 | No            |                  2 | On Loan: No      |
| BANCO MERCANTIL DE NORTE                                | Banco Mercantil del Norte SA                                                    | CUSIP: 05971PAE8<br>LEI: 549300QTVYRPFHS0J362 | Long             | DBT              | CORP              | MX        |     1130000 | PA      | $1156713.47   | 0.50%             | 2035-05-20      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| ROMANIA GOVERNMENT BOND                                 | Romania Government Bonds                                                        | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     3970000 | PA      | $892552.20    | 0.39%             | 2031-04-28      | Fixed         | 7.35%                 | No            |                  2 | On Loan: No      |
| ASIAN INFRASTRUCTURE INV                                | Asian Infrastructure Investment Bank                                            | CUSIP: 000000000<br>LEI: 25490065OSV2524LCR32 | Long             | DBT              | NUSS              | XX        |    59400000 | PA      | $999634.82    | 0.43%             | 2027-01-27      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| YINSON BORONIA PRODUCTIO                                | Yinson Boronia Production BV                                                    | CUSIP: 98584XAA3<br>LEI: 5493007X12FTT746N678 | Long             | DBT              | CORP              | NL        |     1030144 | PA      | $1110350.93   | 0.48%             | 2042-07-31      | Fixed         | 8.95%                 | No            |                  2 | On Loan: No      |
| PHILIPPINE GOVERNMENT                                   | Philippines Government Bonds                                                    | CUSIP: 000000000<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |    30450000 | PA      | $524213.29    | 0.23%             | 2034-01-25      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| WOM NEW HOLDCO COMMON                                   | Wom New Holdco                                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        2467 | NS      | $123350.00    | 0.05%             |  |  |  | No            |                  3 | On Loan: No      |
| SOVCOMBANK (SOVCOM CAPT)                                | Sovcombank Via SovCom Capital DAC                                               | CUSIP: 84605LAD8<br>LEI: 635400EQFFCXMNLYU680 | Long             | DBT              | CORP              | IE        |      640000 | PA      | $23120.00     | 0.01%             | 2027-02-17      | Fixed         | 7.60%                 | No            |                  2 | On Loan: No      |
| Republic of Senegal                                     | Senegal Government International Bonds                                          | CUSIP: 81720TAC9<br>LEI: 549300NP14ZLQGWIUZ97 | Long             | DBT              | NUSS              | SN        |      960000 | PA      | $710092.21    | 0.31%             | 2033-05-23      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| GREENKO WIND PROJECTS MU                                | Greenko Wind Projects Mauritius Ltd.                                            | CUSIP: 39531JAB0<br>LEI: 254900MSUXE1FF83DP82 | Long             | DBT              | CORP              | MU        |      470000 | PA      | $478646.41    | 0.21%             | 2028-09-27      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| YINSON BERGENIA PRODUCTI                                | Yinson Bergenia Production BV                                                   | CUSIP: 98585VAA6<br>LEI: 549300JDIAWKPMZD5256 | Long             | DBT              | CORP              | NL        |      800000 | PA      | $825553.96    | 0.36%             | 2045-01-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| TURKIYE GOVERNMENT BOND                                 | Turkiye Government Bonds                                                        | CUSIP: 000000000<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    94470438 | PA      | $2228130.80   | 0.97%             | 2025-10-01      | Fixed         | 12.60%                | No            |                  2 | On Loan: No      |
| BANGKOK BANK PCL/HK                                     | Bangkok Bank PCL                                                                | CUSIP: 06000GAA9<br>LEI: 549300CCL2BKJGMYXV60 | Long             | DBT              | CORP              | TH        |     1470000 | PA      | $1474032.30   | 0.64%             | 2040-03-25      | Fixed         | 6.06%                 | No            |                  2 | On Loan: No      |
| BBVA BANCOMER SA TEXAS                                  | BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico       | CUSIP: 072912AA6<br>LEI: 549300WIWQK5Q9MCUN92 | Long             | DBT              | CORP              | MX        |      810000 | PA      | $832148.92    | 0.36%             | 2035-02-11      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| ALFA DESARROLLO SPA                                     | Alfa Desarrollo SpA                                                             | CUSIP: 01538TAA3<br>LEI: 2549006BJAN34R520038 | Long             | DBT              | CORP              | CL        |      988046 | PA      | $743967.16    | 0.32%             | 2051-09-27      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| UZBEKISTAN INTL BOND                                    | Republic of Uzbekistan International Bonds                                      | CUSIP: 91824PAD9<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        | 14790000000 | PA      | $1172208.86   | 0.51%             | 2028-02-25      | Fixed         | 15.50%                | No            |                  2 | On Loan: No      |
| SASOL FINANCING USA LLC                                 | Sasol Financing USA LLC                                                         | CUSIP: 80386WAD7<br>LEI: 549300XRB1PFMESFEL85 | Long             | DBT              | CORP              | US        |      820000 | PA      | $682472.22    | 0.30%             | 2031-03-18      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CHILE ELECTRICITY LUX                                   | Chile Electricity Lux MPC II SARL                                               | CUSIP: 16882LAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |      610000 | PA      | $620827.50    | 0.27%             | 2035-10-20      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| VEDANTA RESOURCES                                       | Vedanta Resources Finance II PLC                                                | CUSIP: 92243XAL5<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |      760000 | PA      | $762817.02    | 0.33%             | 2033-04-24      | Fixed         | 9.85%                 | No            |                  2 | On Loan: No      |
| ARCOR SAIC                                              | Arcor SAIC                                                                      | CUSIP: 03965PAE1<br>LEI: 529900B2ROYOJG45VO88 | Long             | DBT              | CORP              | AR        |      770000 | PA      | $768075.00    | 0.33%             | 2033-07-31      | Fixed         | 7.60%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                     | Petroleos Mexicanos                                                             | CUSIP: 71654QDD1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     2710000 | PA      | $2297439.44   | 1.00%             | 2050-01-23      | Fixed         | 7.69%                 | No            |                  2 | On Loan: No      |
| OFFICE CHERIFIEN DES PHO                                | OCP SA                                                                          | CUSIP: 67091TAG0<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |      970000 | PA      | $980204.35    | 0.43%             | 2054-05-02      | Fixed         | 7.50%                 | No            |                  2 | On Loan: —       |
| ORLEN SA                                                | ORLEN SA                                                                        | CUSIP: 68666UAA3<br>LEI: 259400VVMM70CQREJT74 | Long             | DBT              | CORP              | PL        |      940000 | PA      | $965647.09    | 0.42%             | 2035-01-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF EL SALVADOR                                 | El Salvador Government International Bonds                                      | CUSIP: 283875AH5<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |      370000 | PA      | $376845.00    | 0.16%             | 2032-04-10      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| OFFICE CHERIFIEN DES PHO                                | OCP SA                                                                          | CUSIP: 67091TAH8<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |      860000 | PA      | $874802.41    | 0.38%             | 2030-04-30      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                    | Purchased USD / Sold CLP                                                        | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | N/A              | DFE              |  | US        |           1 | NC      | $5798.88      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BONOS DE TESORERIA                                      | Peru Government Bonds                                                           | CUSIP: 000000000<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |     3768000 | PA      | $1110248.58   | 0.48%             | 2039-08-12      | Fixed         | 7.60%                 | No            |                  2 | On Loan: No      |
| NOTA DO TESOURO NACIONAL                                | Brazil Notas do Tesouro Nacional                                                | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    18783000 | PA      | $2718947.05   | 1.18%             | 2035-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| ROMANIA                                                 | Romania Government International Bonds                                          | CUSIP: 77586RAR1<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     1315000 | PA      | $1395236.38   | 0.60%             | 2033-01-17      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| ATP TOW/ANDEAN TELECOM                                  | ATP Tower Holdings/Andean Telecom Partners Chile SpA/Andean Tower Partners C    | CUSIP: 00193BAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |      430000 | PA      | $436181.68    | 0.19%             | 2030-02-03      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| TRIDENT ENERGY FINANCE                                  | Trident Energy Finance PLC                                                      | CUSIP: 89616MAB6<br>LEI: 9845004ECK3FYO64I382 | Long             | DBT              | CORP              | GB        |      680000 | PA      | $699052.08    | 0.30%             | 2029-11-30      | Fixed         | 12.50%                | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                                    | Indonesia Treasury Bonds                                                        | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        | 26896000000 | PA      | $1822488.00   | 0.79%             | 2034-03-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                  | Purchased KRW / Sold USD                                                        | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | KR        |           1 | NC      | $-23337.03    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Turkiye Government International Bonds                  | Turkiye Government International Bonds                                          | CUSIP: 900123DL1<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |      500000 | PA      | $504696.36    | 0.22%             | 2032-07-17      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| ZAMBIA GOVERNMENT BOND                                  | Zambia Government Bonds                                                         | CUSIP: 000000000<br>LEI: 213800DMLAZ6LGMMD849 | Long             | DBT              | NUSS              | ZM        |    15802000 | PA      | $537344.98    | 0.23%             | 2035-06-01      | Fixed         | 14.00%                | No            |                  2 | On Loan: No      |
| SAUDI ARABIAN OIL CO                                    | Saudi Arabian Oil Co.                                                           | CUSIP: 80414L3F0<br>LEI: 5586006WD91QHB7J4X50 | Long             | DBT              | CORP              | SA        |     2070000 | PA      | $2099391.93   | 0.91%             | 2055-06-02      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                  | Purchased KRW / Sold USD                                                        | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | KR        |           1 | NC      | $-5222.79     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                    | Purchased USD / Sold CLP                                                        | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | N/A              | DFE              |  | US        |           1 | NC      | $-5740.94     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| PROSUS NV                                               | Prosus NV                                                                       | CUSIP: 74365PAJ7<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | DBT              | CORP              | NL        |     1220000 | PA      | $946896.03    | 0.41%             | 2052-01-19      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| MOVIDA EUROPE SA                                        | Movida Europe SA                                                                | CUSIP: 62459LAC3<br>LEI: 549300YRJE0V6QKU7C86 | Long             | DBT              | CORP              | LU        |      700000 | PA      | $662272.35    | 0.29%             | 2029-04-11      | Fixed         | 7.85%                 | No            |                  2 | On Loan: —       |
| PHILIPPINE GOVERNMENT                                   | Philippines Government Bonds                                                    | CUSIP: 000000000<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |    30450000 | PA      | $537277.58    | 0.23%             | 2044-05-23      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                                   | Mexico Government International Bonds                                           | CUSIP: 91087BBF6<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     3370000 | PA      | $3386850.00   | 1.47%             | 2038-01-29      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Panama Government International Bonds                   | Panama Government International Bonds                                           | CUSIP: 698299BB9<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |     1000000 | PA      | $656130.00    | 0.28%             | 2053-04-29      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| PROSUS NV                                               | Prosus NV                                                                       | CUSIP: 74365PAE8<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | DBT              | CORP              | NL        |     1550000 | PA      | $999249.30    | 0.43%             | 2051-02-08      | Fixed         | 3.83%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                    | Purchased CLP / Sold USD                                                        | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | N/A              | DFE              |  | CL        |           1 | NC      | $-5694.75     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Global Advisors                            | State Street Navigator Securities Lending Government Money Market Portfolio     | CUSIP: 857509301<br>LEI: 5493008BJIBKQ5KTIF74 | Long             | STIV             | RF                | US        |     5720490 | NS      | $5720490.00   | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| SAMMAAN CAPITAL LTD                                     | Sammaan Capital Ltd.                                                            | CUSIP: 000000000<br>LEI: 335800A2A3G53ZQZTQ21 | Long             | DBT              | CORP              | IN        |      450000 | PA      | $458991.90    | 0.20%             | 2027-07-03      | Fixed         | 9.70%                 | No            |                  2 | On Loan: No      |
| KOSMOS ENERGY LTD                                       | Kosmos Energy Ltd.                                                              | CUSIP: 500688AJ5<br>LEI: 213800YDFJ3OT9B5P157 | Long             | DBT              | CORP              | US        |      795000 | PA      | $612801.18    | 0.27%             | 2031-10-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: —       |
| Republic of Turkiye                                     | Republic of Turkiye                                                             | CUSIP: 900123DN7<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |     1550000 | PA      | $1484163.24   | 0.64%             | 2035-01-03      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SENEGAL                                     | Senegal Government International Bonds                                          | CUSIP: 000000000<br>LEI: 549300NP14ZLQGWIUZ97 | Long             | DBT              | NUSS              | SN        |      200000 | PA      | $163345.25    | 0.07%             | 2031-06-10      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| YAPI VE KREDI BANKASI AS                                | Yapi ve Kredi Bankasi AS                                                        | CUSIP: 984848AS0<br>LEI: B85ZYWEZ5IZCZ2WNIO12 | Long             | DBT              | CORP              | TR        |     1080000 | PA      | $1133724.34   | 0.49%             | 2029-04-04      | Fixed         | 9.74%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                    | Purchased USD / Sold CLP                                                        | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | N/A              | DFE              |  | US        |           1 | NC      | $-6309.44     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| IVORY COAST                                             | Ivory Coast Government International Bonds                                      | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |      793000 | PA      | $835556.21    | 0.36%             | 2032-01-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| AES ANDES SA                                            | AES Andes SA                                                                    | CUSIP: 00111VAD9<br>LEI: 549300IF4IFG0FS0RM26 | Long             | DBT              | CORP              | CL        |     1060000 | PA      | $1077612.96   | 0.47%             | 2032-03-14      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                     | Petroleos Mexicanos                                                             | CUSIP: 71643VAB1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |      520000 | PA      | $495663.17    | 0.21%             | 2032-02-16      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                                             | Ivory Coast Government International Bonds                                      | CUSIP: 221625AU0<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |     2005000 | PA      | $1981578.75   | 0.86%             | 2037-01-30      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Ukraine Government International Bonds                  | Ukraine Government International Bonds                                          | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |      845000 | PA      | $390993.85    | 0.17%             | 2035-02-01      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| EUROPEAN BK RECON & DEV                                 | European Bank for Reconstruction & Development                                  | CUSIP: 000000000<br>LEI: 549300HTGDOVDU6OGK19 | Long             | DBT              | NUSS              | XX        |  2028900000 | PA      | $1438906.04   | 0.62%             | 2036-04-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GUATEMALA                                   | Guatemala Government Bonds                                                      | CUSIP: 401494BA6<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |     1160000 | PA      | $1165869.60   | 0.51%             | 2036-08-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| TAV HAVALIMANLARI HOLDIN                                | TAV Havalimanlari Holding AS                                                    | CUSIP: 87216EAA4<br>LEI: 789000PBM9TT5D88M597 | Long             | DBT              | CORP              | TR        |      600000 | PA      | $624154.12    | 0.27%             | 2028-12-07      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| SAAVI ENERGIA SARL                                      | Saavi Energia SARL                                                              | CUSIP: 78518PAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |     1250000 | PA      | $1301000.00   | 0.56%             | 2035-02-10      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SOUTH AFRICA                                | Republic of South Africa Government International Bonds                         | CUSIP: 836205BG8<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |      450000 | PA      | $427655.16    | 0.19%             | 2054-11-19      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| ALIBABA GROUP HOLDING                                   | Alibaba Group Holding Ltd.                                                      | CUSIP: 01609WBK7<br>LEI: 5493001NTNQJDH60PM02 | Long             | DBT              | CORP              | KY        |     1040000 | PA      | $1055411.62   | 0.46%             | 2035-05-26      | Fixed         | 5.25%                 | No            |                  2 | On Loan: —       |
| MEX BONOS DESARR FIX RT                                 | Mexico Bonos                                                                    | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    63280000 | PA      | $3358452.24   | 1.46%             | 2028-03-02      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| SAUDI ARABIAN OIL CO                                    | Saudi Arabian Oil Co.                                                           | CUSIP: 80414L2X2<br>LEI: 5586006WD91QHB7J4X50 | Long             | DBT              | CORP              | SA        |      710000 | PA      | $714803.80    | 0.31%             | 2030-06-02      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| TITULOS DE TESORERIA                                    | Colombia TES                                                                    | CUSIP: 000000000<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |  6762300000 | PA      | $1516794.61   | 0.66%             | 2046-07-25      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| BRASKEM NETHERLANDS                                     | Braskem Netherlands Finance BV                                                  | CUSIP: 10554TAJ4<br>LEI: 2549000TLMHFQ74DS330 | Long             | DBT              | CORP              | NL        |     1915000 | PA      | $1362043.75   | 0.59%             | 2034-10-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| LGENERGYSOLUTION                                        | LG Energy Solution Ltd.                                                         | CUSIP: 50205MAJ8<br>LEI: 988400QX6P286XA6ZS85 | Long             | DBT              | CORP              | KR        |     1125000 | PA      | $1138987.18   | 0.49%             | 2035-04-02      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Ghana Government International Bonds                    | Ghana Government International Bonds                                            | CUSIP: 000000000<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |     2496280 | PA      | $2004272.10   | 0.87%             | 2035-07-03      | Variable      | 5.00%                 | Yes           |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                      | Dominican Republic International Bonds                                          | CUSIP: 25714PFB9<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |     2325000 | PA      | $2381962.50   | 1.03%             | 2037-03-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| IHS MAURITIUS NG HOLDCO                                 | IHS Netherlands Holdco BV                                                       | CUSIP: 44963LAC0<br>LEI: 5493006Z6YQYCCN2XI74 | Long             | DBT              | CORP              | NL        |      515606 | PA      | $517809.66    | 0.22%             | 2027-09-18      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| HUNGARY                                                 | Hungary Government International Bonds                                          | CUSIP: 445545AV8<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |      670000 | PA      | $678394.98    | 0.29%             | 2030-09-26      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| TURKIYE GARANTI BANKASI                                 | Turkiye Garanti Bankasi AS                                                      | CUSIP: 900148AH0<br>LEI: 5493002XSS7K7RHN1V37 | Long             | DBT              | CORP              | TR        |      740000 | PA      | $748862.45    | 0.32%             | 2036-01-08      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| Republic of Poland Government International Bonds       | Republic of Poland Government International Bonds                               | CUSIP: 731011AZ5<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |     3290000 | PA      | $3075553.72   | 1.33%             | 2054-03-18      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NBK TIER 1 LTD                                          | NBK Tier 1 Ltd.                                                                 | CUSIP: 62879NAB3<br>LEI: 5493000G4QCCEE8YHF19 | Long             | DBT              | CORP              | AE        |      640000 | PA      | $648115.20    | 0.28%             | 2031-01-10      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| WOM MOBILE SA                                           | WOM Mobile SA                                                                   | CUSIP: 97810LAA7<br>LEI: 549300T600VUO0QJ3063 | Long             | DBT              | CORP              | CL        |      625457 | PA      | $606693.29    | 0.26%             | 2031-04-01      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| Credit Agricole CIB                                     | Purchased MYR / Sold USD                                                        | CUSIP: 000000000<br>LEI: 1VUV7VQFKUOQSJ21A208 | N/A              | DFE              |  | MY        |           1 | NC      | $-12521.46    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF NIGERIA                                     | Nigeria Government International Bonds                                          | CUSIP: 65412JAD5<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |      790000 | PA      | $769542.92    | 0.33%             | 2030-02-23      | Fixed         | 7.14%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SERBIA                                      | Serbia International Bonds                                                      | CUSIP: 000000000<br>LEI: 254900W94OCY91V32O78 | Long             | DBT              | NUSS              | RS        |      790000 | PA      | $696577.28    | 0.30%             | 2036-09-23      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| TURKIYE SINAI KALKINMA B                                | Turkiye Sinai Kalkinma Bankasi AS                                               | CUSIP: 90015YAH2<br>LEI: 549300MFCXK5HOOEWP84 | Long             | DBT              | CORP              | TR        |      850000 | PA      | $857408.25    | 0.37%             | 2030-07-02      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT                                 | Mexico Bonos                                                                    | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    57625800 | PA      | $3184218.74   | 1.38%             | 2036-11-20      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Argentina Republic Government International Bonds       | Argentina Republic Government International Bonds                               | CUSIP: 040114HW3<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |     1937727 | PA      | $1240629.88   | 0.54%             | 2046-07-09      | Variable      | 4.13%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa                                | Republic of South Africa Government Bonds                                       | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    28033000 | PA      | $1467376.45   | 0.64%             | 2035-02-28      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| SAUDI INTERNATIONAL BOND                                | Saudi Government International Bonds                                            | CUSIP: 80413TBH1<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |     1433000 | PA      | $1380185.51   | 0.60%             | 2054-01-16      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| AI CANDELARIA -SPAIN- SA                                | AL Candelaria -spain- SA                                                        | CUSIP: 00870WAA4<br>LEI: 213800L5KA2MJ5FKRZ02 | Long             | DBT              | CORP              | ES        |      875000 | PA      | $754678.75    | 0.33%             | 2033-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Peru LNG Srl                                            | Peru LNG SRL                                                                    | CUSIP: 000000000<br>LEI: 254900F70J1LOALV5K70 | Long             | DBT              | CORP              | PE        |      833400 | PA      | $794017.27    | 0.34%             | 2030-03-22      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| SAMARCO MINERACAO SA                                    | Samarco Mineracao SA                                                            | CUSIP: 000000000<br>LEI: 529900U8HKV15GJC4O60 | Long             | DBT              | CORP              | BR        |     1641029 | PA      | $1625201.78   | 0.70%             | 2031-06-30      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa Government International Bonds | Republic of South Africa Government International Bonds                         | CUSIP: 836205BB9<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |     2350000 | PA      | $1741100.81   | 0.75%             | 2049-09-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BRASKEM NETHERLANDS                                     | Braskem Netherlands Finance BV                                                  | CUSIP: 10554TAD7<br>LEI: 2549000TLMHFQ74DS330 | Long             | DBT              | CORP              | NL        |      880000 | PA      | $623930.71    | 0.27%             | 2030-01-31      | Fixed         | 4.50%                 | No            |                  2 | On Loan: —       |
| TELEFONICA MOVILES CHILE                                | Telefonica Moviles Chile SA                                                     | CUSIP: 87938XAB7<br>LEI: 549300PDWJ2U6A15B785 | Long             | DBT              | CORP              | CL        |      850000 | PA      | $556750.00    | 0.24%             | 2031-11-18      | Fixed         | 3.54%                 | No            |                  2 | On Loan: No      |
| GALAXY PIPELINE ASSETS                                  | Galaxy Pipeline Assets Bidco Ltd.                                               | CUSIP: 000000000<br>LEI: 549300L82YB0C6JQIC26 | Long             | DBT              | CORP              | JE        |     1032010 | PA      | $920104.85    | 0.40%             | 2034-03-31      | Fixed         | 2.16%                 | No            |                  2 | On Loan: No      |
| Lebanese Republic                                       | Lebanon Government International Bonds                                          | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |     2105000 | PA      | $390477.50    | 0.17%             | 2029-05-25      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| DIG INTL FIN/DIFL US LLC                                | Digicel International Finance Ltd./Difl U.S. LLC                                | CUSIP: 25381MAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |      725000 | PA      | $732295.68    | 0.32%             | 2032-08-01      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| Fixed Income Clearing Corp                              | FIXED INC CLEARING CORP.REPO                                                    | CUSIP: 000000000<br>LEI: 549300H47WTHXPU08X20 | Long             | RA               | CORP              | US        |     8713016 | PA      | $8713016.03   | 3.78%             |  |  |  | No            |                  2 | On Loan: No      |
| Egypt Government International Bonds                    | Egypt Government International Bonds                                            | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |      530000 | PA      | $472239.87    | 0.20%             | 2033-09-30      | Fixed         | 7.30%                 | Yes           |                  2 | On Loan: No      |
| MC BRAZIL DWNSTRM                                       | MC Brazil Downstream Trading SARL                                               | CUSIP: 55292WAA8<br>LEI: 213800T2A7R9TYNXZI63 | Long             | DBT              | CORP              | LU        |     1176749 | PA      | $958697.74    | 0.42%             | 2031-06-30      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| MUANGTHAI CAPITAL PCL                                   | Muangthai Capital PCL                                                           | CUSIP: 624923AA6<br>LEI: 254900ZI1FO2W9132C98 | Long             | DBT              | CORP              | TH        |      820000 | PA      | $832248.32    | 0.36%             | 2030-07-21      | Fixed         | 7.55%                 | No            |                  2 | On Loan: —       |
| Ecuador Government International Bonds                  | Ecuador Government International Bonds                                          | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |     2290000 | PA      | $1709485.00   | 0.74%             | 2035-07-31      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| RAIZEN FUELS FINANCE                                    | Raizen Fuels Finance SA                                                         | CUSIP: 75102XAE6<br>LEI: 52990010NH26VC32Q522 | Long             | DBT              | CORP              | LU        |      955000 | PA      | $927148.21    | 0.40%             | 2037-02-25      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Bank USA                                  | Purchased BRL / Sold USD                                                        | CUSIP: 000000000<br>LEI: KD3XUN7C6T14HNAYLU02 | N/A              | DFE              |  | BR        |           1 | NC      | $-12910.59    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| PETRONAS CAPITAL LTD                                    | Petronas Capital Ltd.                                                           | CUSIP: 716743AV1<br>LEI: 549300G7YFX3540OYR85 | Long             | DBT              | CORP              | MY        |     2020000 | PA      | $2052775.09   | 0.89%             | 2031-01-03      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| BANK GOSPODARSTWA KRAJOW                                | Bank Gospodarstwa Krajowego                                                     | CUSIP: 06237MAD5<br>LEI: 259400BCOV9JJIGLYF05 | Long             | DBT              | NUSS              | PL        |     1000000 | PA      | $1003027.01   | 0.43%             | 2054-07-09      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Bank USA                                  | Purchased USD / Sold BRL                                                        | CUSIP: 000000000<br>LEI: KD3XUN7C6T14HNAYLU02 | N/A              | DFE              |  | US        |           1 | NC      | $2200.55      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Sri Lanka Government International Bonds                | Sri Lanka Government International Bonds                                        | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |     1160000 | PA      | $948960.32    | 0.41%             | 2033-03-15      | Variable      | 3.35%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF ANGOLA                                      | Angola Government International Bonds                                           | CUSIP: 035198AD2<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |      500000 | PA      | $466103.19    | 0.20%             | 2029-11-26      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| ZAMBIA GOVERNMENT BOND                                  | Zambia Government Bonds                                                         | CUSIP: 000000000<br>LEI: 213800DMLAZ6LGMMD849 | Long             | DBT              | NUSS              | ZM        |     5000000 | PA      | $245204.97    | 0.11%             | 2039-11-25      | Fixed         | 23.29%                | No            |                  2 | On Loan: No      |
| HSBC Bank USA NA                                        | Purchased BRL / Sold USD                                                        | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | BR        |           1 | NC      | $-2526.56     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF ZAMBIA                                      | Zambia Government International Bonds                                           | CUSIP: 988895AR9<br>LEI: 213800DMLAZ6LGMMD849 | Long             | DBT              | NUSS              | ZM        |     1400000 | PA      | $1022812.38   | 0.44%             | 2053-12-31      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                  | Purchased USD / Sold EUR                                                        | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |           1 | NC      | $2338.58      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| VANKE REAL ESTATE HK                                    | Vanke Real Estate Hong Kong Co. Ltd.                                            | CUSIP: 000000000<br>LEI: 25490078APAXS5NZGF08 | Long             | DBT              | CORP              | HK        |      250000 | PA      | $201684.24    | 0.09%             | 2027-11-09      | Fixed         | 3.98%                 | No            |                  2 | On Loan: No      |
| GREENSAIF PIPELINES BIDC                                | Greensaif Pipelines Bidco SARL                                                  | CUSIP: 39541EAE3<br>LEI: 549300YWDGUXPB8GRP47 | Long             | DBT              | CORP              | LU        |      600000 | PA      | $610024.05    | 0.26%             | 2042-08-23      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                  | Purchased USD / Sold PHP                                                        | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |           1 | NC      | $29165.38     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| COMISION FEDERAL DE ELEC                                | Comision Federal de Electricidad                                                | CUSIP: 200447AH3<br>LEI: 4469000001BFPONMPF32 | Long             | DBT              | CORP              | MX        |     1325000 | PA      | $1158634.06   | 0.50%             | 2031-02-09      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Argentina Republic Government International Bonds       | Argentina Republic Government International Bonds                               | CUSIP: 040114HT0<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |      990000 | PA      | $653400.00    | 0.28%             | 2035-07-09      | Variable      | 4.13%                 | No            |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                                  | Egypt Government International Bonds                                            | CUSIP: 03846JAE0<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |      540000 | PA      | $481150.05    | 0.21%             | 2033-09-30      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| TITULOS DE TESORERIA                                    | Colombia TES                                                                    | CUSIP: 000000000<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |  4866000000 | PA      | $1238785.00   | 0.54%             | 2033-02-09      | Fixed         | 13.25%                | No            |                  2 | On Loan: No      |
| ROMANIA                                                 | Romania Government International Bonds                                          | CUSIP: 77586RAX8<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |      510000 | PA      | $509362.50    | 0.22%             | 2036-05-16      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| ASIAN DEVELOPMENT BANK                                  | Asian Development Bank                                                          | CUSIP: 000000000<br>LEI: 549300X0MVH42CY8Q105 | Long             | DBT              | NUSS              | XX        |    38300000 | PA      | $436391.10    | 0.19%             | 2026-10-06      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Argentina Republic Government International Bonds       | Argentina Republic Government International Bonds                               | CUSIP: 040114HS2<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |     1600000 | PA      | $1237423.91   | 0.54%             | 2030-07-09      | Variable      | 0.75%                 | No            |                  2 | On Loan: No      |
| PAKISTAN GLOBAL SUKUK                                   | Pakistan Global Sukuk Programme Co. Ltd.                                        | CUSIP: 69583PAA2<br>LEI: 213800X5OY6CVYNY1M70 | Long             | DBT              | NUSS              | PK        |      420000 | PA      | $422310.00    | 0.18%             | 2029-01-31      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| ROMANIA GOVERNMENT BOND                                 | Romania Government Bonds                                                        | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     6815000 | PA      | $1403774.38   | 0.61%             | 2029-07-25      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| ADANI TRANS STEP-ONE LTD                                | Adani Transmission Step-One Ltd.                                                | CUSIP: 000000000<br>LEI: 335800Z8CGS7O7D72N41 | Long             | DBT              | CORP              | IN        |      990000 | PA      | $977902.89    | 0.42%             | 2026-08-03      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HEALTH AND HAPPINESS H&H                                | Health & Happiness H&H International Holdings Ltd.                              | CUSIP: 000000000<br>LEI: 2138007WU5DJFZFDDV59 | Long             | DBT              | CORP              | KY        |      500000 | PA      | $514963.99    | 0.22%             | 2028-07-24      | Fixed         | 9.13%                 | Yes           |                  2 | On Loan: No      |
| Colombia Government International Bonds                 | Colombia Government International Bonds                                         | CUSIP: 195325DZ5<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |     2000000 | PA      | $1623000.00   | 0.70%             | 2032-04-22      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| MALAYSIA GOVERNMENT                                     | Malaysia Government Bonds                                                       | CUSIP: 000000000<br>LEI: 254900GSIL471JOBYY43 | Long             | DBT              | NUSS              | MY        |     9223000 | PA      | $2263473.41   | 0.98%             | 2031-06-30      | Fixed         | 4.23%                 | No            |                  2 | On Loan: No      |
| NOTA DO TESOURO NACIONAL                                | Brazil Notas do Tesouro Nacional                                                | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |     3180000 | PA      | $543822.56    | 0.24%             | 2027-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| INTER-AMERICAN DEVEL BK                                 | Inter-American Development Bank                                                 | CUSIP: 000000000<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | XX        |    78000000 | PA      | $908297.09    | 0.39%             | 2033-04-17      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| SAUDI INTERNATIONAL BOND                                | Saudi Government International Bonds                                            | CUSIP: 80413TBJ7<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |      640000 | PA      | $651158.02    | 0.28%             | 2028-01-13      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF NIGERIA                                     | Nigeria Government International Bonds                                          | CUSIP: 65412JAT0<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |      600000 | PA      | $512293.88    | 0.22%             | 2051-09-28      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| SAUDI INTERNATIONAL BOND                                | Saudi Government International Bonds                                            | CUSIP: 80413TBL2<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |     1750000 | PA      | $1827981.05   | 0.79%             | 2035-01-13      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| IHS HOLDING LTD                                         | IHS Holding Ltd.                                                                | CUSIP: 44963HAD7<br>LEI: 213800CLGMKL63VKTD94 | Long             | DBT              | CORP              | KY        |      850000 | PA      | $866295.94    | 0.38%             | 2031-11-29      | Fixed         | 8.25%                 | No            |                  2 | On Loan: —       |
| Petroleos Mexicanos                                     | Petroleos Mexicanos                                                             | CUSIP: 71654QCB6<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     1290000 | PA      | $1295180.67   | 0.56%             | 2026-08-04      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| EUROPEAN BK RECON & DEV                                 | European Bank for Reconstruction & Development                                  | CUSIP: 000000000<br>LEI: 549300HTGDOVDU6OGK19 | Long             | DBT              | NUSS              | XX        |    38900000 | PA      | $440524.26    | 0.19%             | 2028-04-11      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NOTA DO TESOURO NACIONAL                                | Brazil Notas do Tesouro Nacional                                                | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    14198000 | PA      | $2124769.60   | 0.92%             | 2033-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| EUROPEAN BK RECON & DEV                                 | European Bank for Reconstruction & Development                                  | CUSIP: 000000000<br>LEI: 549300HTGDOVDU6OGK19 | Long             | DBT              | NUSS              | XX        |    92600000 | PA      | $1577157.56   | 0.68%             | 2036-10-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LONGFOR HOLDINGS LTD                                    | Longfor Group Holdings Ltd.                                                     | CUSIP: 000000000<br>LEI: 254900UJX27B2F1JYR13 | Long             | DBT              | CORP              | KY        |      850000 | PA      | $766101.18    | 0.33%             | 2028-01-16      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| BANCO NACIONAL COM EXT                                  | Banco Nacional de Comercio Exterior SNC                                         | CUSIP: 05974TAA5<br>LEI: 4469000001BL6VG3DH44 | Long             | DBT              | CORP              | MX        |      750000 | PA      | $763125.00    | 0.33%             | 2030-05-07      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Zambia Government International Bonds                   | Zambia Government International Bonds                                           | CUSIP: 000000000<br>LEI: 213800DMLAZ6LGMMD849 | Long             | DBT              | NUSS              | ZM        |     1569963 | PA      | $1461189.08   | 0.63%             | 2033-06-30      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa                                | Republic of South Africa Government Bonds                                       | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |     8573000 | PA      | $394499.94    | 0.17%             | 2044-01-31      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| PROVINCIA DE CORDOBA                                    | Provincia de Cordoba                                                            | CUSIP: 74408DAF1<br>LEI: 5299006CLM2Z97AATT29 | Long             | DBT              | NUSS              | AR        |      530000 | PA      | $535300.00    | 0.23%             | 2032-07-02      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| STILLWATER MINING CO                                    | Stillwater Mining Co.                                                           | CUSIP: 86074QAQ5<br>LEI: 6354007DPCY4ZN2MRR73 | Long             | DBT              | CORP              | US        |      740000 | PA      | $676214.72    | 0.29%             | 2029-11-16      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ORBIA ADVANCE CORP SAB                                  | Orbia Advance Corp. SAB de CV                                                   | CUSIP: 68560EAD0<br>LEI: 549300MVHZ20SBIOEQ79 | Long             | DBT              | CORP              | MX        |     1030000 | PA      | $1060797.00   | 0.46%             | 2035-05-13      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| HSBC Bank USA NA                                        | Purchased USD / Sold BRL                                                        | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |           1 | NC      | $-878.40      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Argentina Republic Government International Bonds       | Argentina Republic Government International Bonds                               | CUSIP: 040114HV5<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |     1025000 | PA      | $623712.50    | 0.27%             | 2041-07-09      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| COMISION EJ HI RIO LEMPA                                | Comision Ejecutiva Hidroelectrica del Rio Lempa                                 | CUSIP: 200444AA5<br>LEI: 254900YU43PQQ27Q0E71 | Long             | DBT              | CORP              | SV        |      840000 | PA      | $847560.00    | 0.37%             | 2033-01-24      | Fixed         | 8.65%                 | No            |                  2 | On Loan: —       |
| Mexico Government International Bonds                   | Mexico Government International Bonds                                           | CUSIP: 91087BBD1<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     2290000 | PA      | $2358700.00   | 1.02%             | 2055-05-13      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| BANQUE OUEST AFRICAINE D                                | Banque Ouest Africaine de Developpement                                         | CUSIP: 06675QAE3<br>LEI: 529900LIZJABE4JJS826 | Long             | DBT              | NUSS              | XX        |     1130000 | PA      | $1142674.70   | 0.50%             | 2055-02-13      | Fixed         | 8.20%                 | No            |                  2 | On Loan: No      |
| ASIAN INFRASTRUCTURE INV                                | Asian Infrastructure Investment Bank                                            | CUSIP: 000000000<br>LEI: 25490065OSV2524LCR32 | Long             | DBT              | NUSS              | XX        |    96500000 | PA      | $1055983.37   | 0.46%             | 2031-12-08      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF VENEZUELA                                   | Venezuela Government International Bonds                                        | CUSIP: 000000000<br>LEI: 529900XM8PJTJK5OJI77 | Long             | DBT              | NUSS              | VE        |     1440000 | PA      | $259344.00    | 0.11%             | 2023-05-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CORP ANDINA DE FOMENTO                                  | Corp. Andina de Fomento                                                         | CUSIP: 219868CM6<br>LEI: UKZ46SXGNYCZK0UOZE76 | Long             | DBT              | NUSS              | XX        |      430000 | PA      | $437531.13    | 0.19%             | 2030-06-17      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| ISTANBUL METROPOLITAN MU                                | Istanbul Metropolitan Municipality                                              | CUSIP: 46522TAC2<br>LEI: 213800T1VDQSNKA2MD76 | Long             | DBT              | NUSS              | TR        |      945000 | PA      | $1022382.76   | 0.44%             | 2028-12-06      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| NOTA DO TESOURO NACIONAL                                | Brazil Notas do Tesouro Nacional                                                | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    26260000 | PA      | $4082332.50   | 1.77%             | 2031-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| EIG PEARL HOLDINGS SARL                                 | EIG Pearl Holdings SARL                                                         | CUSIP: 28249NAB7<br>LEI: 549300KIMRL45BWA5H76 | Long             | DBT              | CORP              | LU        |     1800000 | PA      | $1425510.00   | 0.62%             | 2046-11-30      | Fixed         | 4.39%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                  | Purchased USD / Sold PLN                                                        | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |           1 | NC      | $10645.20     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SEPLAT ENERGY PLC                                       | SEPLAT Energy PLC                                                               | CUSIP: 81733MAA3<br>LEI: 029200711C4S4CB2E982 | Long             | DBT              | CORP              | NG        |     1040000 | PA      | $1073879.04   | 0.47%             | 2030-03-21      | Fixed         | 9.13%                 | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                                    | Indonesia Treasury Bonds                                                        | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        | 21431000000 | PA      | $1454021.39   | 0.63%             | 2036-05-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF EL SALVADOR                                 | El Salvador Government International Bonds                                      | CUSIP: 283875CG5<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |     1050000 | PA      | $1081500.00   | 0.47%             | 2054-11-21      | Fixed         | 9.65%                 | No            |                  2 | On Loan: No      |
| ADANI PORTS AND SPECIAL                                 | Adani Ports & Special Economic Zone Ltd.                                        | CUSIP: 00652MAH5<br>LEI: 335800QOAXP5TM7OYP69 | Long             | DBT              | CORP              | IN        |      600000 | PA      | $513084.24    | 0.22%             | 2031-02-02      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| MALAYSIA GOVERNMENT                                     | Malaysia Government Bonds                                                       | CUSIP: 000000000<br>LEI: 254900GSIL471JOBYY43 | Long             | DBT              | NUSS              | MY        |     2725000 | PA      | $714245.53    | 0.31%             | 2042-10-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| LIBERTY COSTA RICA SR SF                                | Liberty Costa Rica Senior Secured Finance                                       | CUSIP: 530371AA1<br>LEI: 549300W6O2PHTPCYQ751 | Long             | DBT              | CORP              | KY        |      700000 | PA      | $745500.00    | 0.32%             | 2031-01-15      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| CHILE ELEC PEC SPA                                      | Chile Electricity PEC SpA                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | CL        |      750459 | PA      | $662280.03    | 0.29%             | 2028-01-25      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| MUTHOOT FINANCE LTD                                     | Muthoot Finance Ltd.                                                            | CUSIP: 62828L2D4<br>LEI: 335800HAMJMBFL4RRF02 | Long             | DBT              | CORP              | IN        |      350000 | PA      | $350272.71    | 0.15%             | 2029-04-23      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| NWD MTN LTD                                             | NWD MTN Ltd.                                                                    | CUSIP: 000000000<br>LEI: 254900STSWBVJ5FV9O74 | Long             | DBT              | CORP              | VG        |      570000 | PA      | $289104.11    | 0.13%             | 2029-07-18      | Fixed         | 4.13%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF SOUTH AFRICA                                | Republic of South Africa Government Bonds                                       | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    25475000 | PA      | $1507502.40   | 0.65%             | 2053-03-31      | Fixed         | 11.63%                | No            |                  2 | On Loan: No      |
| Credit Agricole CIB                                     | Purchased CZK / Sold USD                                                        | CUSIP: 000000000<br>LEI: 1VUV7VQFKUOQSJ21A208 | N/A              | DFE              |  | CZ        |           1 | NC      | $-13406.22    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                    | Purchased CLP / Sold USD                                                        | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | N/A              | DFE              |  | CL        |           1 | NC      | $12050.38     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| KINGDOM OF MOROCCO                                      | Morocco Government International Bonds                                          | CUSIP: 617726AL8<br>LEI: 529900F3MBW9XY5K1X07 | Long             | DBT              | NUSS              | MA        |     1335000 | PA      | $1135873.79   | 0.49%             | 2032-12-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| EGYPT TREASURY BILL                                     | Egypt Treasury Bills                                                            | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | STIV             | NUSS              | EG        |   144525000 | PA      | $2792877.01   | 1.21%             | 2025-10-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LLPL Capital Pte Ltd                                    | LLPL Capital Pte. Ltd.                                                          | CUSIP: 50201PAA4<br>LEI: 254900VXZ8FXTUQNON22 | Long             | DBT              | CORP              | SG        |     1163520 | PA      | $1197522.71   | 0.52%             | 2039-02-04      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Turkiye Government International Bonds                  | Turkiye Government International Bonds                                          | CUSIP: 900123CM0<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |     2130000 | PA      | $1626768.63   | 0.71%             | 2047-05-11      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| INTL FINANCE CORP                                       | International Finance Corp.                                                     | CUSIP: 000000000<br>LEI: QKL54NQY28TCDAI75F60 | Long             | DBT              | NUSS              | XX        |  8600000000 | PA      | $708199.51    | 0.31%             | 2028-07-19      | Fixed         | 17.50%                | No            |                  2 | On Loan: No      |
| VEON MIDCO BV                                           | Veon Midco BV                                                                   | CUSIP: 000000000<br>LEI: 213800GOFSH7EPKBRE50 | Long             | DBT              | CORP              | NL        |     1000000 | PA      | $922989.25    | 0.40%             | 2027-11-25      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| DP WORLD CRESCENT LTD                                   | DP World Crescent Ltd.                                                          | CUSIP: 000000000<br>LEI: 21380096JRTWB8TL9236 | Long             | DBT              | CORP              | KY        |     1260000 | PA      | $1219257.90   | 0.53%             | 2029-07-18      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| ADECOAGRO SA                                            | Adecoagro SA                                                                    | CUSIP: 00676LAC0<br>LEI: 529900Q00UR5LFELO811 | Long             | DBT              | CORP              | LU        |     1040000 | PA      | $1041820.00   | 0.45%             | 2032-07-29      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| POLAND GOVERNMENT BOND                                  | Republic of Poland Government Bonds                                             | CUSIP: 000000000<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |     5925000 | PA      | $1710777.29   | 0.74%             | 2028-07-25      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                                    | Indonesia Treasury Bonds                                                        | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        | 29166000000 | PA      | $1794466.73   | 0.78%             | 2035-07-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| PROVINCIA DE BUENOS AIRE                                | Provincia de Buenos Aires/Government Bonds                                      | CUSIP: 000000000<br>LEI: 549300L6AYROPOTQ4L07 | Long             | DBT              | NUSS              | AR        |     1284328 | PA      | $908662.41    | 0.39%             | 2037-09-01      | Fixed         | 6.63%                 | Yes           |                  2 | On Loan: No      |
| IIFL FINANCE LTD                                        | IIFL Finance Ltd.                                                               | CUSIP: 44964HAA2<br>LEI: 335800CZ46UJRS34JR78 | Long             | DBT              | CORP              | IN        |      850000 | PA      | $863473.59    | 0.37%             | 2028-07-24      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| TELECOM ARGENTINA SA                                    | Telecom Argentina SA                                                            | CUSIP: 879273AV2<br>LEI: 549300MKPIRSJD8SB782 | Long             | DBT              | CORP              | AR        |     1000000 | PA      | $1033002.00   | 0.45%             | 2033-05-28      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                                  | Egypt Government International Bonds                                            | CUSIP: 03846JX21<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |      350000 | PA      | $320964.24    | 0.14%             | 2032-01-15      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| PETROLEOS DE VENEZUELA S                                | Petroleos de Venezuela SA                                                       | CUSIP: 000000000<br>LEI: 549300YWR8TN1OFD4P06 | Long             | DBT              | CORP              | VE        |     1000000 | PA      | $157000.00    | 0.07%             | 2035-05-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SRI LANKA                                   | Sri Lanka Government International Bonds                                        | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |      420000 | PA      | $352051.31    | 0.15%             | 2038-02-15      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| HUNGARY                                                 | Hungary Government International Bonds                                          | CUSIP: 445545AX4<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |      965000 | PA      | $975790.73    | 0.42%             | 2055-09-23      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| GDZ ELEKTRIK DAGITIM AS                                 | GDZ Elektrik Dagitim AS                                                         | CUSIP: 36270TAA1<br>LEI: 984500B63B5766038A64 | Long             | DBT              | CORP              | TR        |      500000 | PA      | $483626.90    | 0.21%             | 2029-10-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SERBIA                                      | Serbia International Bonds                                                      | CUSIP: 817477AJ1<br>LEI: 254900W94OCY91V32O78 | Long             | DBT              | NUSS              | RS        |      255000 | PA      | $260057.20    | 0.11%             | 2034-06-12      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PLUSPETROL SA                                           | Pluspetrol SA                                                                   | CUSIP: 72942BAA3<br>LEI: 254900QSCHBUBX6J6H71 | Long             | DBT              | CORP              | AR        |      710000 | PA      | $724200.00    | 0.31%             | 2032-05-30      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Philippines Government International Bonds              | Philippines Government International Bonds                                      | CUSIP: 718286DG9<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |     2800000 | PA      | $2914257.89   | 1.26%             | 2035-02-04      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Brazil Government International Bonds                   | Brazil Government International Bonds                                           | CUSIP: 105756CL2<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |      820000 | PA      | $823659.40    | 0.36%             | 2035-03-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| TITULOS DE TESORERIA                                    | Colombia TES                                                                    | CUSIP: 000000000<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |  3997000000 | PA      | $780886.39    | 0.34%             | 2031-03-26      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ZAMBIA GOVERNMENT BOND                                  | Zambia Government Bonds                                                         | CUSIP: 000000000<br>LEI: 213800DMLAZ6LGMMD849 | Long             | DBT              | NUSS              | ZM        |    15803000 | PA      | $501418.82    | 0.22%             | 2038-12-26      | Fixed         | 14.00%                | No            |                  2 | On Loan: No      |
| LIMAK YENILENEBILIR                                     | Limak Yenilenebilir Enerji AS                                                   | CUSIP: 53263MAA0<br>LEI: 789000WFO2FHRONHFN18 | Long             | DBT              | CORP              | TR        |      710000 | PA      | $708310.42    | 0.31%             | 2030-08-12      | Fixed         | 9.63%                 | No            |                  2 | On Loan: No      |
| VALE OVERSEAS LIMITED                                   | Vale Overseas Ltd.                                                              | CUSIP: 91911TAS2<br>LEI: 254900BA3U6G5DNV5V04 | Long             | DBT              | CORP              | KY        |      950000 | PA      | $932934.20    | 0.40%             | 2054-06-28      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| MONTEGO BAY AIRPORT REVE                                | Montego Bay Airport Revenue Finance Ltd.                                        | CUSIP: 61238BAA9<br>LEI: 2549008BQQ5ON8H2UC19 | Long             | DBT              | CORP              | KY        |      450000 | PA      | $449851.50    | 0.20%             | 2035-06-15      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                  | Purchased PHP / Sold USD                                                        | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | PH        |           1 | NC      | $-25602.52    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                    | Purchased CLP / Sold USD                                                        | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | N/A              | DFE              |  | CL        |           1 | NC      | $-42143.06    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Panama Government International Bonds                   | Panama Government International Bonds                                           | CUSIP: 698299BL7<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |      590000 | PA      | $343273.80    | 0.15%             | 2060-07-23      | Fixed         | 3.87%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa                                | Republic of South Africa Government Bonds                                       | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    14673570 | PA      | $780223.56    | 0.34%             | 2032-03-31      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                                 | Romania Government International Bonds                                          | CUSIP: 77586RAV2<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     1450000 | PA      | $1373935.76   | 0.60%             | 2035-03-24      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SRI LANKA                                   | Sri Lanka Government International Bonds                                        | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |      425184 | PA      | $381602.64    | 0.17%             | 2030-01-15      | Variable      | 3.10%                 | No            |                  2 | On Loan: No      |
| HUNGARY                                                 | Hungary Government International Bonds                                          | CUSIP: 445545AS5<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |     1215000 | PA      | $1272900.61   | 0.55%             | 2032-09-22      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bonds                 | Colombia Government International Bonds                                         | CUSIP: 195325ES0<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |     1570000 | PA      | $1661845.00   | 0.72%             | 2035-04-25      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                                             | Ivory Coast Government International Bonds                                      | CUSIP: 221625AV8<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |     1220000 | PA      | $1201567.68   | 0.52%             | 2036-04-01      | Fixed         | 8.08%                 | No            |                  2 | On Loan: No      |
| MV24 CAPITAL BV                                         | MV24 Capital BV                                                                 | CUSIP: 55388RAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | NL        |      600502 | PA      | $597109.42    | 0.26%             | 2034-06-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ISLAMIC REP OF PAKISTAN                                 | Pakistan Government International Bonds                                         | CUSIP: 695847AU7<br>LEI: 529900LOP29R5WKHOD86 | Long             | DBT              | NUSS              | PK        |      900000 | PA      | $780101.94    | 0.34%             | 2051-04-08      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Zambia Government International Bonds                   | Zambia Government International Bonds                                           | CUSIP: 000000000<br>LEI: 213800DMLAZ6LGMMD849 | Long             | DBT              | NUSS              | ZM        |      802384 | PA      | $586205.92    | 0.25%             | 2053-12-31      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| CHILE ELECTRICITY LUX                                   | Chile Electricity Lux MPC SARL                                                  | CUSIP: 168829AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |      895000 | PA      | $928150.80    | 0.40%             | 2033-01-20      | Fixed         | 6.01%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                      | Ukraine Government International Bonds                                          | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |      390000 | PA      | $288892.50    | 0.13%             | 2041-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CZECH REPUBLIC                                          | Czech Republic Government Bonds                                                 | CUSIP: 000000000<br>LEI: 3157007EFDLQABN47912 | Long             | DBT              | NUSS              | CZ        |    14340000 | PA      | $508215.49    | 0.22%             | 2037-07-30      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| HTA GROUP LTD                                           | HTA Group Ltd.                                                                  | CUSIP: 40435WAC4<br>LEI: 213800WEFU8O8X6EPU13 | Long             | DBT              | CORP              | MU        |      500000 | PA      | $516050.70    | 0.22%             | 2029-06-04      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| BANCO DAVIVIENDA SA                                     | Banco Davivienda SA                                                             | CUSIP: 059501AG1<br>LEI: 549300P161V4IPKAQS70 | Long             | DBT              | CORP              | CO        |      785000 | PA      | $798729.65    | 0.35%             | 2035-07-02      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ANGOLA                                      | Angola Government International Bonds                                           | CUSIP: 035198AF7<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |     1940000 | PA      | $1763325.21   | 0.76%             | 2032-04-14      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| CHINA GOVERNMENT BOND                                   | China Government Bonds                                                          | CUSIP: 000000000<br>LEI: 300300CHN201808MOF68 | Long             | DBT              | NUSS              | CN        |    12500000 | PA      | $1896753.59   | 0.82%             | 2030-11-19      | Fixed         | 3.27%                 | No            |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT                                 | Mexico Bonos                                                                    | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    21300000 | PA      | $1118010.07   | 0.48%             | 2030-02-28      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| ROMANIA GOVERNMENT BOND                                 | Romania Government Bonds                                                        | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     6480000 | PA      | $1445898.20   | 0.63%             | 2034-07-31      | Fixed         | 7.10%                 | No            |                  2 | On Loan: No      |
| HUNGARY GOVERNMENT BOND                                 | Hungary Government Bonds                                                        | CUSIP: 000000000<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |   820880000 | PA      | $1495349.73   | 0.65%             | 2038-10-27      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| POLAND GOVERNMENT BOND                                  | Republic of Poland Government Bonds                                             | CUSIP: 000000000<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |     8474000 | PA      | $2227356.38   | 0.97%             | 2026-07-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| ECOBANK TRANSNATIONAL                                   | Ecobank Transnational, Inc.                                                     | CUSIP: 27889PAC7<br>LEI: 213800USCE9Y111R4656 | Long             | DBT              | CORP              | TG        |      780000 | PA      | $821064.87    | 0.36%             | 2029-10-15      | Fixed         | 10.13%                | No            |                  2 | On Loan: No      |
| WOM CHILE HOLDCO SPA                                    | WOM Chile Holdco SpA                                                            | CUSIP: 97810KAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | CL        |      796038 | PA      | $782139.18    | 0.34%             | 2032-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                      | Ukraine Government International Bonds                                          | CUSIP: 903724CB6<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |      510071 | PA      | $259629.31    | 0.11%             | 2035-02-01      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| ENERGEAN PLC                                            | Energean PLC                                                                    | CUSIP: 29280EAA7<br>LEI: 549300RVMKU0CYUZBB05 | Long             | DBT              | CORP              | GB        |     1230000 | PA      | $1208475.00   | 0.52%             | 2027-04-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: —       |
| PNG GOVT INTL BOND                                      | Papua New Guinea Government International Bonds                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | PG        |     1015000 | PA      | $1041601.12   | 0.45%             | 2028-10-04      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                  | Purchased USD / Sold KRW                                                        | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |           1 | NC      | $7355.70      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                    | Purchased CLP / Sold USD                                                        | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | N/A              | DFE              |  | CL        |           1 | NC      | $-356.85      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ESKOM HOLDINGS SOC LTD                                  | Eskom Holdings SOC Ltd.                                                         | CUSIP: 000000000<br>LEI: 3789001900ED06F65111 | Long             | DBT              | CORP              | ZA        |    20000000 | PA      | $919254.14    | 0.40%             | 2033-09-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Bank USA                                  | Purchased BRL / Sold USD                                                        | CUSIP: 000000000<br>LEI: KD3XUN7C6T14HNAYLU02 | N/A              | DFE              |  | BR        |           1 | NC      | $-5164.16     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs Bank USA                                  | Purchased BRL / Sold USD                                                        | CUSIP: 000000000<br>LEI: KD3XUN7C6T14HNAYLU02 | N/A              | DFE              |  | BR        |           1 | NC      | $-1812.95     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs Bank USA                                  | Purchased USD / Sold BRL                                                        | CUSIP: 000000000<br>LEI: KD3XUN7C6T14HNAYLU02 | N/A              | DFE              |  | US        |           1 | NC      | $87116.90     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| ISLAMIC REP OF PAKISTAN                                 | Pakistan Government International Bonds                                         | CUSIP: 695847AT0<br>LEI: 529900LOP29R5WKHOD86 | Long             | DBT              | NUSS              | PK        |      540000 | PA      | $505655.51    | 0.22%             | 2031-04-08      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS L                                | First Quantum Minerals Ltd.                                                     | CUSIP: 335934AU9<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |     1050000 | PA      | $1093316.70   | 0.47%             | 2031-06-01      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-27

**Name of Applicant:** TRANSAMERICA FUNDS

**Signature:** Joshua Durham

**Name of Signer:** Joshua Durham

**Title:** Chief Operating Officer and Interim Treasurer