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Form 485BPOS TRANSAMERICA VARIABLE

December 6, 2022 3:57 PM EST

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As filed with the Securities and Exchange Commission on December 6, 2022

 

  Registration No.    33-73734        
     811-08264        

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM N-4

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

Pre-Effective Amendment No.       

Post-Effective Amendment No. 49

and

REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF

1940

Amendment No. 49

TRANSAMERICA VARIABLE FUNDS

(Exact Name of Registrant)

TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY

(Name of Depositor)

440 Mamaroneck Avenue

Harrison, NY 10528

(Address of Depositor’s Principal Executive Offices)

Depositor’s Telephone Number: (914) 627-3000

Brian Stallworth, Esquire

Transamerica Financial Life Insurance Company

c/o Office of the General Counsel

440 Mamaroneck Avenue

Harrison, NY 10528

Brian Stallworth, Esquire

Transamerica Retirement Solutions

1801 California St., Suite 5200

Denver, CO 80202

(Name and Address of Agent for Service)


It is proposed that this filing become effective:

          immediately upon filing pursuant to paragraph (b)

    X   on December 8, 2022 pursuant to paragraph (b)

          60 days after filing pursuant to paragraph (a)(1)

         on (date) pursuant to paragraph (a)(1)

If appropriate, check the following box:

         This post-effective amendment designates a new effective date for a previously filed post-effective amendment.


Registrant is filing this post-effective amendment (the “Amendment”) for the purpose of adding a supplement to the prospectus dated May 1, 2022 for the Transamerica Variable Funds contract included in the Registration Statement. The Amendment is not intended to amend or delete any part of the Registration Statement, except as specifically noted herein. Parts A and B filed in Post-Effective Amendment No .47 to the Registration Statement (File No. 33-73734) and Amendment No.47 to the Registration Statement (File No. 811-08264) are hereby incorporated by reference to the extent required by applicable law.


TRANSAMERICA VARIABLE FUNDS

TRANSAMERICA ASSET ALLOCATION VARIABLE FUNDS

GROUP VARIABLE ANNUITY CONTRACTS

Sections 401(a), 401(k), 403(b), 408(IRA), 457 and NQDC

Issued By

TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY (“TFLIC”)

Supplement dated December 8, 2022

to the

Prospectus dated May 1, 2022

Horizon Subaccounts. On June 28, 2022, the Managing Board of the Transamerica Asset Allocation Variable Funds considered and approved the liquidation and dissolution (“Liquidation”) of the Short Horizon Subaccount, the Intermediate Horizon Subaccount and the Intermediate/Long Horizon Subaccounts (each a “Horizon Subaccount” and collectively, the “Horizon Subaccounts”). Contract owners holding units in the Horizon Subaccounts were advised of their options with respect their interest in the Horizon Subaccounts through a series of notices sent before and after the Liquidation. The Horizon Subaccounts were liquidated on October 28, 2022 and are no longer available investment options under the Contract.

Transamerica Intermediate Bond Subaccount. On November 1, 2022, the Transamerica Intermediate Bond Fund changed its name to the Transamerica Core Bond Fund. The name of the Subaccount has changed to the Transamerica Core Bond Subaccount.

Addition of New Subaccount. On December 8, 2022, the Transamerica Short Term Bond Subaccount was made available as a new subaccount under the Contract. The Transamerica Short Term Bond Subaccount invests in the Transamerica Short Term Bond Fund Class I3 shares (“STB Fund”). The STB Fund is advised by Transamerica Asset Management, Inc. and is subadvised by Aegon Asset Management LLC. The STB Fund’s principal investment objective is to seek to provide a high risk-adjusted return while focusing on preservation of capital.

Merger of Underlying Funds. On November 11, 2022, the shareholders of the Transamerica High Quality Bond Fund (“HQB Fund”) approved the merger of the HQB Fund with an into the STB Fund (“Merger”). Contract owners holding units in the Transamerica High Quality Bond Subaccount (“Existing Subaccount”) as of the record date (August 19, 2022) received proxy materials regarding the Merger and were entitled to provide voting instructions to TFLIC whether to approve or reject the Merger. The closing date of the Merger is expected to occur on or about December 9, 2022 (“Closing Date”). On the Closing Date, Contract owners holding units of the Existing Subaccount will receive units of the Transamerica Short Term Bond Subaccount (“New Subaccount”) having the same aggregate value as their units in the Existing Subaccount on such date. After the Closing Date, Contract owners with standing instructions to allocate contributions into the Existing Subaccount will be directed to the New Subaccount. Contract owners receiving units in the New Subaccount may transfer those units to other investment options under the Contract at any time without penalty.

Updated Appendix. Effective December 8, 2022, based on changes to the underlying portfolios described above, the Appendix-Portfolio Company/Investment Options Available Under Your Contract will be revised as indicated below.

Appendix- Portfolio Companies/Investment Options Available Under The Contract

The following is a list of current Portfolio Companies/Investment Options available under the Contract which are subject to change as discussed in this prospectus. Depending on the separate account of your Contract, you may not be able to invest in certain Portfolio Companies/Investment Options. Not all investment options listed in this prospectus may be available to you. Please refer to your employer’s plan documents for a list of Portfolio Companies/Investment Options that are available in your Plan.

More information about the Portfolio Companies/Investment Option is available in the prospectuses for the Portfolio Companies/Investment Options, which may be amended from time to time and can be found online at www.trsretire.com. You can also request this information at no cost by calling our Administrative Office at 1-(800) 755-5801.

The current expenses and performance below reflects fee and expenses of the Portfolio Companies/Investment Options, but do not reflect the other fees and expenses that your Contract may charge. Expenses would be higher and performance would be lower if these other charges were included. Each Portfolio Companies/Investment Option’s past performance is not necessarily an indication of future performance.


       

Type/

Investment
Objective

  Portfolio Company/ Investment Option and
Adviser/Subadviser(14)
   Current
  Expenses  
     Average Annual Total Returns  
(as of 12/31/2021)
     1 Year        5 Years        10 Years  
 

Transamerica Variable Funds

           
Money Market  

Transamerica Government Money Market1

Sub-Adviser: BlackRock Investment Management, LLC

   0.06%    0.03%    0.29%    0.14%
           
Bond  

Transamerica Short Term Bond2, 13

Sub-Adviser: Aegon USA Investment Management, LLC

   0.41%    N/A    N/A    N/A
 

High Yield Bond5

Sub-Adviser: Aegon USA Investment Management, LLC

   0.60%    5.03%    4.60%    5.29%
 

Transamerica Inflation-Protected Securities3

Sub-Adviser: PineBridge Investments LLC

   0.49%    3.62%    3.61%    1.55%
 

Transamerica Core Bond, 12

Sub-Adviser: Aegon USA Investment Management, LLC

   0.41%    -2.02%    2.67%    2.50%
           
Allocation   Transamerica Balanced II6
Sub-Adviser: Aegon USA Investment Management, LLC
   0.58%    15.78%    11.52%    10.24%
           
U.S. Equity  

Transamerica Large Value Opportunities7

Sub-Adviser: PineBridge Investments LLC

   0.49%    27.46%    9.54%    11.23%
 

Transamerica Large Core8

Sub-Adviser: PineBridge Investments LLC

   0.51%    28.33%    15.78%    14.64%
 

Transamerica Large Growth9

Sub-Adviser: Morgan Stanley Investment Management Inc.

   0.69%    8.77%    26.33%    19.19%
 

Transamerica Small Cap Growth10

Sub-Adviser: Ranger Investment Management, L.P

   0.99%    16.55%    N/A    N/A
 

Transamerica Small Cap Value 10

Sub-Adviser: Peregrine Capital Management, LLC

   0.83%    26.61%    N/A    N/A
           
International Equity  

Transamerica International Equity11

Sub-Adviser: Thompson, Siegel & Walmsley LLC

   0.75%    12.04%    7.49%    5.27%
           
Multi-asset  

Calvert VP SRI Balanced Portfolio

Adviser: Calvert Research and Management

   0.63%    13.87%    11.31%    9.32%

 

 
Government Money Market: The 7-Day Yield was 0.00% as of December 31, 2021. The 7-Day Effective Yield was 0.00% as of December 31, 2021
 
(1) Total returns calculated for any period for the Government Money Market Subaccount reflect the performance of the Transamerica Partners Government Money Market Portfolio prior to October 13, 2017 and the performance of the Transamerica Government Money Market Fund thereafter.
 
(2) Transamerica Short Term Bond was added effective 12/9/2022 and as of December 31, 2021 does not have any annualized total returns.
 
(3) Total returns calculated for any period for the Inflation-Protected Subaccount reflect the performance of the Transamerica Partners Inflation-Protected Portfolio prior to April 21, 2017 and the performance of the Transamerica Inflation-Protected Fund thereafter.
 
(4) Total returns calculated for any period for the Intermediate Bond Subaccount reflect the performance of the Transamerica Partners Core Bond Portfolio prior to March 24, 2017 and the performance of the Transamerica Intermediate Bond Fund thereafter.
 
(5) Total returns calculated for any period for the High Yield Bond Subaccount reflect the performance of the Transamerica Partners High Yield Bond Portfolio prior to March 24, 2017 and the performance of the Transamerica High Yield Bond Fund thereafter.
 
(6) Total returns calculated for any period for the Balanced II Subaccount reflect the performance of the Transamerica Partners Balanced Portfolio prior to September 15, 2017 and the performance of the Transamerica Balanced II Fund thereafter.
 
(7) Total returns calculated for any period for the Large Value Opportunities Subaccount reflect the performance of the Transamerica Partners Large Value Portfolio prior to May 5, 2017 and the performance of the Transamerica Large Value Opportunities thereafter.
 
(8) Total returns calculated for any period for the Large Core Subaccount reflect the performance of the Transamerica Partners Large Core Portfolio prior to March 10, 2017 and the performance of the Transamerica Large Core Fund thereafter.
 
(9) Total returns calculated for any period for the Large Growth Subaccount reflect the performance of the Transamerica Partners Large Growth Portfolio prior to March 10, 2017 and the performance of the Transamerica Large Growth Fund thereafter.
 
(10) Small Cap Growth and Small Cap Value were added effective 7/31/2020 and as of December 31, 2020 do not have any annualized total returns.
 
(11) Total returns calculated for any period for the International Equity Subaccount reflect the performance of the Transamerica Partners International Equity Portfolio prior to March 10, 2017 and the performance of the Transamerica International Equity Fund thereafter.
 
(12) Effective on November 1, 2022, Transamerica Intermediate Bond was renamed Transamerica Core Bond.
 
(13) Effective on about December 9, 2022, Transamerica High Quality Bond Fund merged into Transamerica Short-Term Bond.
 
(14) Some Portfolio Companies/Investment Options may not be available in all plans. Please contact your plan administrator for the available options.

This Supplement updates certain information in the above referenced prospectuses (the ‘‘Prospectuses’’). Except as indicated in this Supplement, all other information included in the Prospectuses remains unchanged. We will send you another copy of the applicable Prospectus or any supplement without charge upon request. Please contact our Administrative Office referenced in the Prospectus.

Please read this Supplement carefully and retain it for future reference.


PART C

OTHER INFORMATION

Item 27.         Exhibits

 

Exhibit   No:        Description
          
(a)        Board of Directors Resolution
    (i)    Any form of Form N-4 exhibits previously filed with the Commission as part of Pre-Effective Amendment No. 1 dated July 7, 1994 to the Registrant’s N-4 Registration Statement, Registration No. 33-73734 under the Securities Act of 1933, are incorporated herein by reference. (P)
          
(b)        Custodian Agreements. Not applicable
          
(c)        Underwriting Contracts
(c)   (i)    Underwriting Agreement with Transamerica Capital, Inc. (i)
          
(d)        Contracts
    (i)    Any form of Form N-4 exhibits previously filed with the Commission as part of Pre-Effective Amendment No. 1 dated July 7, 1994 to the Registrant’s N-4 Registration Statement, Registration No. 33-73734 under the Securities Act of 1933, are incorporated herein by reference. (P)
          
(e)        Applications
    (i)    Any form of Form N-4 exhibits previously filed with the Commission as part of Pre-Effective Amendment No. 1 dated July 7, 1994 to the Registrant’s N-4 Registration Statement, Registration No. 33-73734 under the Securities Act of 1933, are incorporated herein by reference. (P)
          
(f)        Depositor’s Certificate of Incorporation and By-laws
          
    (i)    Any form of Form N-4 exhibits previously filed with the Commission as part of Pre-Effective Amendment No. 1 dated July 7, 1994 to the Registrant’s N-4 Registration Statement, Registration No. 33-73734 under the Securities Act of 1933, are incorporated herein by reference. (P)
          
(g)        Reinsurance Contracts. Not applicable
          
(h)        Participation Agreements
    (i)    Any form of Form N-4 exhibits previously filed with the Commission as part of Pre-Effective Amendment No. 1 dated July 7, 1994 to the Registrant’s N-4 Registration Statement, Registration No. 33-73734 under the Securities Act of 1933, are incorporated herein by reference. (P)
          
(i)        Administrative Contracts.
    (i)    Any form of Form N-4 exhibits previously filed with the Commission as part of Pre-Effective Amendment No. 1 dated July 7, 1994 to the Registrant’s N-4 Registration Statement, Registration No. 33-73734 under the Securities Act of 1933, are incorporated herein by reference. (P)
          
(j)        Other Material Contracts. Not applicable.
          
(k)        Legal Opinion
    (i)    Opinion and Consent of Counsel. Filed Herewith.
          
(l)        Other Opinions
    (i)    Consent of Independent Registered Public Accounting Firm. Filed Herewith.
          
(m)        Omitted Financial Statements. Not applicable
          
(n)        Initial Capital Agreements. Not applicable
          
(o)        Form of Initial Summary Prospectuses. Not applicable.


(p)        Powers of Attorney. Filed Herewith
          
Note         
    (1)    Incorporated herein by reference to the Post-Effective Amendment No. 30 to Form N-4 (File No. 33-73734) filed on February 28, 2008.
          


Item 28. Directors and Officers of the Depositor (Transamerica Financial Life Insurance Company)

   
Name and Business Address    Principal Positions and Offices with Depositor

Jamie Ohl

1801 California St. Suite 5200

Denver, CO 80202

   President and Chief Executive Officer, Individual Solutions Division

Bonnie T. Gerst

6400 C Street SW

Cedar Rapids, IA 52499

   Director and Chairman of the Board

Christopher S. Fleming

100 Light Street

Baltimore, MD 21202

   Director and Chief Operating Officer, Individual Solutions

Gregory E. Miller-Breetz

100 Light Street

Baltimore, MD 21202

   Director and Secretary and Senior Vice President

Matt Kepler

100 Light Street

Baltimore, MD 21202

   Chief Financial Officer, Executive Vice President and Treasurer

Zachary Harris

6400 C Street SW

Cedar Rapids, IA 52499

   Director, Chief Operating Officer, Workplace Solutions Division

Wendy E. Cooper

245 East 93 Street

New York, NY 10128

   Director

Anne C. Kronenberg

187 Guard Hill Road

Bedford Corner, NY 10549

   Director

June Yuson

245 East 93rd Street

New York, NY 10128

   Director


Item 29. Persons Controlled by or under Common Control with the Depositor or Registrant.

ITEM 29 LISTING

 

Name  

Jurisdiction of

Incorporation

 

Percent of Voting

Securities Owned

  Business
25 East 38th Street, LLC   Delaware  

Sole Member: Yarra Rapids, LLC

 

  Real estate investments
239 West 20th Street, LLC   Delaware  

Sole Member: Yarra Rapids, LLC

 

  Real estate investments
313 East 95th Street, LLC   Delaware  

Sole Member: Yarra Rapids, LLC

 

  Real estate investments
319 East 95th Street, LLC   Delaware  

Sole Member: Yarra Rapids, LLC

 

  Real estate investments
AEGON Affordable Housing Debt Fund I, LLC   Delaware  

Members: AHDF Manager I, LLC (0.01%), Mangaging Member; Transamerica Life Insurance Company (5%); non-AEGON affiliates: Dominium Taxable Fund I, LLC (94.99%)

 

  Affordable housing loans
AEGON AM Funds, LLC   Delaware  

AEGON USA Investment Management, LLC is the Manager; equity will be owned by clients/Investors of AEGON USA Investment Management, LLC

 

  To serve as a fund for a client and offer flexilbility to accommodate other similarly situated clients.
AEGON AM Private Equity Partners I, LLC   Delaware  

Sole Member: AEGON USA Investment Management, LLC

 

  Investments
AEGON Asset Management Services, Inc.   Delaware  

100% AUSA Holding, LLC

 

  Registered investment advisor
Aegon Community Investments 50, LLC   Delaware  

Members: Aegon Community Investments 50, LLC (0.10%); Transamerica Financial Life Insurance Company (25.49750%); Transamerica Life Insurance Company (25.49750%); non-AEGON affiliate, Citibank, N.A. (48.9950%)

 

  Investments
Aegon Community Investments 51, LLC   Delaware  

Sole Member: Transamerica Life Insurance Company

 

  Investments
Aegon Community Investments 52, LLC   Delaware  

Sole Member: Transamerica Life Insurance Company

 

  Investments
Aegon Community Investments 53, LLC   Delaware  

Sole Member: Transamerica Life Insurance Company

 

  Investments
Aegon Community Investments 54, LLC   Delaware  

Sole Member: Transamerica Life Insurance Company

 

  Investments
Aegon Community Investments 55, LLC   Delaware  

Sole Member - Transamerica Life Insurance Company

 

  Investments
Aegon Community Investments 56, LLC   Delaware  

Sole Member - Transamerica Life Insurance Company

 

  Investments
Aegon Community Investments 57, LLC   Delaware  

Sole Member: Transamerica Life Insurance Company

 

  Investments
Aegon Community Investments 58, LLC   Delaware  

Sole Member: Transamerica Life Insurance Company

 

  Investments
Aegon Community Investments 59, LLC   Delaware  

Sole Member: Transamerica Life Insurance Company

 

  Investments

 

As of 6/30/2022

      Page 1                


ITEM 29 LISTING

 

Name  

Jurisdiction of

Incorporation

 

Percent of Voting

Securities Owned

  Business
Aegon Community Investments 60, LLC   Delaware  

Sole Member: Transamerica Life Insurance Company

 

  Investments
Aegon Community Investments 61, LLC   Delaware  

Sole Member: Transamerica Life Insurance Company

 

  Investments
Aegon Community Investments 62, LLC   Delaware  

Sole Member: Transamerica Life Insurance Company

 

  Investments
Aegon Community Investments 63, LLC   Delaware  

Sole Member: Transamerica Life Insurance Company

 

  Investments
Aegon Community Investments 64, LLC   Delaware  

Sole Member: Transamerica Life Insurance Company

 

  Investments
Aegon Community Investments 65, LLC   Delaware  

Sole Member: Transamerica Life Insurance Company

 

  Investments
Aegon Community Investments 66, LLC   Delaware  

Sole Member: Transamerica Life Insurance Company

 

  Investments
Aegon Community Investments 67, LLC   Delaware  

Sole Member: Transamerica Life Insurance Company

 

  Investments
AEGON Direct Marketing Services, Inc.   Maryland  

Transamerica Life Insurance Company owns 73.548%; Commonwealth General Corporation owns 26.452%

 

  Marketing company
AEGON Direct Marketing Services International, LLC   Maryland   100% AUSA Holding, LLC  

Marketing arm for sale of mass marketed insurance coverage

 

AEGON Direct Marketing Services Mexico,

S.A. de C.V.

  Mexico   100% AEGON DMS Holding B.V.  

Provide management advisory and technical consultancy services.

 

AEGON Direct Marketing Services Mexico Servicios, S.A. de C.V.   Mexico   100% AEGON DMS Holding B.V.  

Provide marketing, trading, telemarketing and advertising services in favor of any third party, particularly in favor of insurance and reinsurance companies.

 

AEGON Energy Management, LLC   Delaware  

Sole Member: AEGON USA Realty Advisors, LLC

 

  Investments
AEGON Financial Services Group, Inc.   Minnesota  

100% Transamerica Life Insurance Company

 

  Marketing
AEGON Funding Company, LLC.   Delaware   Sole Member: Transamerica Corporation  

Issue debt securities-net proceeds used to make loans to affiliates

 

Aegon Global Services, LLC   Iowa  

Sole Member: Commonwealth General Corporation

 

  Holding company
AEGON Institutional Markets, Inc.   Delaware   100% Commonwealth General Corporation  

Provider of investment, marketing and administrative services to insurance companies

 

 

As of 6/30/2022

      Page 2                


ITEM 29 LISTING

 

Name  

Jurisdiction of

Incorporation

 

Percent of Voting

Securities Owned

  Business
Aegon LIHTC Fund 50, LLC   Delaware  

Members: Members: Managing Member - Aegon Community Investments 50, LLC (0%); Aegon LIHTC Fund 63, LLC (51.0049%); non- affiliate of AEGON, Citibank, N.A. (48.9951%)

 

  Investments
Aegon LIHTC Fund 51, LLC   Delaware  

Members: Aegon Community Investments 51, LLC (.01%) as Managing Member; non-affiliate of AEGON, Citibank, N.A. (99.99%)

 

  Investments
Aegon LIHTC Fund 52, LLC   Delaware  

Members: Transamerica Financial Life Insurance Company (10.18%); Transamerica Life Insurance Company (1%); Managing Member - Aegon Community Investments 52, LLC (0.01%); non-affiliates of AEGON, Citibank, N.A. (49%); California Bank & Trust (5.21%); Pacific West Bank (7.58%); Ally Bank (11.35%); US Bank (7.58%); Bank of the West (7.46%)

 

  Investments
Aegon LIHTC Fund 54, LLC   Delaware  

Non-Member Manager Aegon Community Investments 54, LLC (0%); Members: non-affiliate of Aegon, FNBC Leasing Corporation (100%)

 

  Investments
Aegon LIHTC Fund 55, LLC   Delaware  

Members: Managing Member - Aegon Community Investments 55, LLC (.01%); Transamerica Life Insurance Company (2.82%); non-affiliates of AEGON, Bank of Hope (14.26%); CMFG Life Insurance Company (9.72%); Citibank, N.A. (21.69%); ZB National Association (1.81%); Ally Bank (8.21%); U.S. Bancorp Community Development Corporation (22.10%); Lake City Bank (1.47%); The Guardian Life Insurance Company of America (10.45%); Minnesota Life Insurance Company (7.46%)

 

  Investments
Aegon LIHTC Fund 57, LLC   Delaware  

Members: Managing Member - Aegon Community Investments 57, LLC (.01%); non-affiliate of AEGON, Bank of America, N.A. as Investor Member (99.99%)

 

  Investments

 

As of 6/30/2022

      Page 3                


ITEM 29 LISTING

 

Name  

Jurisdiction of

Incorporation

 

Percent of Voting

Securities Owned

  Business
Aegon LIHTC Fund 58, LLC   Delaware  

Members: Managing Member - Aegon Community Investments 58, LLC (0.01%); Transamerica Life Insurance Company (12%); non-affiliates of AEGON, Allstate Insurance Company (24%); Ally Bank (17%); CMFG Life Insurance Company (8.05%); Santander Bank, N.A. (22.25%); U.S. Bancorp Community Development Corporation (19.47%); Zions Bancorporation, N.A. (6.35%)

 

  Investments
Aegon LIHTC Fund 60, LLC   Delaware  

Non-Member Manager Aegon Community Investments 60, LLC (0%); Member: non-affiliate of Aegon, FNBC Leasing Corporation (100%)

 

  Investments
Aegon LIHTC Fund 61, LLC   Delaware  

Non-Member Manager Aegon Community Investments 61, LLC (0%); Members: non-affiliate of Aegon, HSBC Bank, N.A. (100%)\

 

  Investments
Aegon LIHTC Fund 62, LLC   Delaware  

Non-Member Manager: Aegon Community Investments 62, LLC (.01%); non-affiliates of AEGON, Ally Bank (10.11%); Allstate (20.48%); Bank of the West (6.57%); Farm Bureau Property & Casualty (6.74%); Minnesota Life Insurance Company (6.74%); Santander Bank, N.A. (5.39%); State Street Bank and Trust Company (34.22%); U.S. Bancorp Community Development Corporation (6.57%); Zions Bancorporation, N.A. (3.17%)

 

  Investments
Aegon LIHTC Fund 63, LLC   Delaware  

Non-Member Manager: Aegon Community Investments 63, LLC (0%); non-affiliate of AEGON, FNBC Leasing Corporation (100%)

 

  Investments
Aegon LIHTC Fund 64, LLC   Delaware  

Sole Member: Aegon Community

Investments 64, LLC

  Investments
Aegon LIHTC Fund 65, LLC   Delaware  

Members: Aegon Community Investments 65, LLC, Managing Member (.01%) and non-affiliate of AEGON, Bank of America, N.A., Investor Member (99.99%)

 

  Investments
Aegon LIHTC Fund 66, LLC   Delaware  

Members: Aegon Community Investments 66, LLC (.01%); non- affiliates of AEGON, Bank of the West (49.995%) and Cedar Rapids Bank & Trust (49.995%)

 

  Investments

 

As of 6/30/2022

      Page 4                


ITEM 29 LISTING

 

Name  

Jurisdiction of

Incorporation

 

Percent of Voting

Securities Owned

  Business
Aegon LIHTC Fund 67, LLC   Delaware  

Non-Member Manager: Aegon Community Investments 67, LLC; Member: non-affiliate of AEGON: FNBC Leasing Corp (100%)

 

  Investments
Aegon Loan Opportunitities Partners, LLC   Delaware  

Sole Member: AEGON USA Investment Management, LLC

 

  Investments
Aegon Loan Opportunitities Fund I, LP   Delaware  

Sole Member: AEGON USA Investment Management, LLC

 

  Investments
AEGON Managed Enhanced Cash, LLC   Delaware  

Sole Member: Tramsamerica Life Insurance Company

 

  Investment vehicle for securities lending cash collateral
AEGON Management Company   Indiana  

100% Transamerica Corporation

 

  Holding company
Aegon Multi-Family Equity Fund, LLC   Delaware  

Members: Transamerica Life Insurance Company (20%); Transamerica Financial Life Insurance Company (5%); non-affiliate of AEGON: Landmark Real Estate Partners VIII, L.P. (72.1591%)

 

  Investments
Aegon Opportunity Zone Fund Joint Venture 1, LLC   Delaware  

Sole Member: Aegon OZF Investments 1, LLC

 

  Investments
Aegon OZF Investments 1, LLC   Delaware  

Sole Member: AEGON USA Realty Advisors, LLC

 

  Investments
Aegon Upstream Energy Fund, LLC   Delaware  

Sole Member: AEGON Energy Management, LLC

 

  Investments
AEGON USA Asset Management Holding, LLC   Iowa  

Sole Member: AUSA Holding, LLC

 

  Holding company
AEGON USA Investment Management, LLC   Iowa  

Sole Member: AEGON USA Asset Management Holding, LLC

 

  Investment advisor
AEGON USA Real Estate Services, Inc.   Delaware  

100% AEGON USA Realty Advisors, Inc.

 

  Real estate and mortgage holding company
AEGON USA Realty Advisors, LLC   Iowa  

Sole Member: AEGON USA Asset Management Holding, LLC

 

  Administrative and investment services

AEGON USA Realty Advisors of California, Inc.

 

  Iowa   100% AEGON USA Realty Advisors, Inc.   Investments
Aegon Workforce Housing Boynton Place REIT, LLC   Delaware  

Sole Member: Aegon Worforce Housing Separate Account 1, LLC

 

  Multifamily private equity structure with third- party Investor
Aegon Workforce Housing Fund 2 Holding Company, LLC   Delaware  

Sole Member: Aegon Workforce Housing Fund 2, LP

 

  Holding company
Aegon Workforce Housing Fund 2 Holding Company B, LLC   Delaware  

Sole Member: Aegon Workforce Housing Fund 2, LLC

 

  Holding company
Aegon Workforce Housing Fund 2 Holding Company C, LLC   Delaware  

Sole Member: Aegon Workforce Housing Fund 2 Holding Company, LLC

 

  Holding Company

 

As of 6/30/2022

      Page 5                


ITEM 29 LISTING

 

Name  

Jurisdiction of

Incorporation

 

Percent of Voting

Securities Owned

  Business
Aegon Workforce Housing Fund 2, LP   Delaware  

General Partner is AWHF2 General Partner, LLC. Fund Partners: Transamerica Life Insurance Company (80%) and Transamerica Financial Life Insurance Company (20%)

 

  Investments
Aegon Workforce Housing Fund 3 Holding Company, LLC   Delaware  

Sole Member: Aegon Workforce Housing Fund 3, LP

 

  Holding company
Aegon Workforce Housing Fund 3,LP   Delaware  

General Partner is AWHF3 General Partner, LLC. Fund Partners: Transamerica Life Insurance Company (90%) and Transamerica Financial Life Insurance Company (10%)

 

  Investments
Aegon Workforce Housing JV 4A, LLC   Delaware  

Members: Aegon Workforce Housing Fund 2 Holding Company, LLC (44.5%); non-affiliates of AEGON: Strategic Partners Real Estate VII Investments, L.P. (27.75%), Landmark Real Estate Partners VIII, L.P. (26.6988578%), NCL Investments II, L.P. (1.05111422%)

 

  Investments
Aegon Workforce Housing JV 4B, LLC   Delaware  

Members: Aegon Workforce Housing Fund 2 Holding Company, LLC (25%); non-affiliates of AEGON: Strategic Partners Real Estate VII Investments, L.P. (37.5%), Landmark Real Estate Partners VIII, L.P. (36.0795375%), NCL Investments II, L.P. (1.4204625%)

 

  Investments
Aegon Workforce Housing JV 4C, LLC   Delaware  

Members: Aegon Workforce Housing Fund 2 Holding Company, LLC (10%); non-affiliates of AEGON: Strategic Partners Real Estate VII Investments, L.P. (45%), Landmark Real Estate Partners VIII, L.P. (43.295445%), NCL Investments II, L.P. (1.704555%)

 

  Investments
Aegon Workforce Housing Park at Via Rosa REIT, LLC   Delaware  

Sole Member: Aegon Worforce Housing Separate Account 1, LLC

 

  Multifamily private equity structure with third- party Investor
Aegon Workforce Housing Separate Account 1, LLC   Delaware  

Members: Transamerica Life Insurance Company (20.08%); Transamerica Financial Life Insurance Company (4.170%); non-affiliates of AEGON: Lake Tahoe IV, L.P. (23.860%); Townsend RE Global Special Solutions, L.P. (10.230%); Townsend Real Estate Alpha Fund III, L.P. (40.910%). Member Manager: AWHSA Manager 1, LLC.

 

  Multifamily private equity structure with third- party Investor
AHDF Manager I, LLC   Delaware  

Sole Member: AEGON USA Realty Advisors, LLC

 

  Investments

 

As of 6/30/2022

      Page 6                


ITEM 29 LISTING

 

Name  

Jurisdiction of

Incorporation

 

Percent of Voting

Securities Owned

  Business
ALH Properties Eight LLC   Delaware  

Sole Member: FGH USA LLC

 

  Real estate
ALH Properties Eleven LLC   Delaware  

Sole Member: FGH USA LLC

 

  Real estate
ALH Properties Four LLC   Delaware  

Sole Member: FGH USA LLC

 

  Real estate
ALH Properties Nine LLC   Delaware  

Sole Member: FGH USA LLC

 

  Real estate
ALH Properties Seven LLC   Delaware  

Sole Member: FGH USA LLC

 

  Real estate
ALH Properties Seventeen LLC   Delaware  

Sole Member: FGH USA LLC

 

  Real estate
ALH Properties Sixteen LLC   Delaware  

Sole Member: FGH USA LLC

 

  Real estate
ALH Properties Ten LLC   Delaware  

Sole Member: FGH USA LLC

 

  Real estate
ALH Properties Twelve LLC   Delaware  

Sole Member: FGH USA LLC

 

  Real estate
ALH Properties Two LLC   Delaware  

Sole Member: FGH USA LLC

 

  Real estate
AMFETF Manager, LLC   Delaware  

Sole Member: AEGON USA Realty Advisors, LLC

 

  Investments
AMTAX HOLDINGS 308, LLC   Ohio  

TAHP Fund II, LLC - 100% Member; TAH Pentagon Funds LLC - non-owner Manager

 

  Affordable housing
AMTAX HOLDINGS 388, LLC   Ohio  

TAHP Fund II, LLC - 100% Member; TAH Pentagon Funds LLC - non-owner Manager

 

  Affordable housing
AMTAX HOLDINGS 483, LLC   Ohio  

TAHP Fund I, LLC - 100% Member; TAH Pentagon Funds LLC - non-owner Manager

 

  Affordable housing
AMTAX HOLDINGS 559, LLC   Ohio  

TAHP Fund I, LLC - 100% Member; TAH Pentagon Funds LLC - non-owner Manager

 

  Affordable housing
AMTAX HOLDINGS 561, LLC   Ohio  

TAHP Fund VII, LLC - 100% Member; TAH Pentagon Funds LLC - non-owner Manager

 

  Affordable housing
AMTAX HOLDINGS 588, LLC   Ohio  

TAHP Fund I, LLC - 100% Member; TAH Pentagon Funds LLC - non-owner Manager

 

  Affordable housing
AMTAX HOLDINGS 613, LLC   Ohio  

Garnet LIHTC Fund VII, LLC - 99% Member; Cupples State LIHTC Investors, LLC - 1% Member; TAH Pentagon Funds, LLC - non-owner Manager

 

  Affordable housing
AMTAX HOLDINGS 639, LLC   Ohio  

TAHP Fund I, LLC - 100% Member; TAH Pentagon Funds LLC - non-owner Manager

 

  Affordable housing
AMTAX HOLDINGS 649, LLC   Ohio  

TAHP Fund I, LLC - 100% Member; TAH Pentagon Funds LLC - non-owner Manager

 

  Affordable housing

 

As of 6/30/2022

      Page 7                


ITEM 29 LISTING

 

Name  

Jurisdiction of

Incorporation

 

Percent of Voting

Securities Owned

  Business
AMTAX HOLDINGS 672, LLC   Ohio  

TAHP Fund I, LLC - 100% Member; TAH Pentagon Funds LLC - non-owner Manager

 

  Affordable housing
AMTAX HOLDINGS 713, LLC   Ohio  

TAHP Fund II, LLC - 100% Member; TAH Pentagon Funds LLC - non-owner Manager

 

  Affordable housing
Apollo Housing Capital Arrowhead Gardens, LLC   Delaware  

Sole Member: Garnet LIHTC Fund XXXV, LLC

 

  Affordable housing
APOP III, LLC   Delaware  

Sole Member: Transamerica Life Insurance Company

 

  Investments
AUIM Credit Opportunities Fund, LLC   Delaware  

Members: AEGON USA Invesmtent Management, LLC (98.36%); non- affiliate of AEGON (1.64%)

 

  Investment vehicle
AUSA Holding, LLC   Maryland  

Sole Member: 100% Transamerica Corporation

 

  Holding company
AUSA Properties, Inc.   Iowa  

100% AEGON USA Realty Advisors, LLC

 

  Own, operate and manage real estate
AWHF2 General Partner, LLC   Delaware  

Sole Member: AEGON USA Realty Advisors, LLC

 

  Investments
AWHF2 Subsidiary Holding Company C, LLC   Delaware  

Sole Member: Aegon Workforce Housing Fund 2 Holding Company C, LLC

 

  Holding Company
AWHF3 General Partner, LLC   Delaware  

Sole Member: AEGON USA Realty Advisors, LLC

 

  Investments
AWHJV4 Manager, LLC   Delaware  

Member: AEGON USA Realty Advisors, LLC

 

  Investments
AWHSA Manager 1, LLC   Delaware  

Sole Member: AEGON USA Realty Advisors, LLC

 

  Multifamily private equity structure with third- party Investor
Barfield Ranch Associates, LLC   Florida  

Members: Mitigation Manager, LLC (50%); non-affiliate of AEGON, OBPFL- Barfield, LLC (50%)

 

  Investments
Bay State Community Investments II, LLC   Delaware  

Sole Member: Transamerica Life Insurance Company

 

  Investments in low income housing tax credit properties
Carle Place Leasehold SPE, LLC   Delaware  

Sole Member: Transamerica Financial Life Insurance Company

 

  Lease holder
Commonwealth General Corporation   Delaware  

100% Transamerica Corporation

 

  Holding company
Creditor Resources, Inc.   Michigan  

100% AUSA Holding, LLC

 

  Credit insurance
CRI Solutions Inc.   Maryland  

100% Creditor Resources, Inc.

 

  Sales of reinsurance and credit insurance
Cupples State LIHTC Investors, LLC   Delaware  

Sole Member: Garnet LIHTC Fund VIII, LLC

 

  Investments

 

As of 6/30/2022

      Page 8                


ITEM 29 LISTING

 

Name  

Jurisdiction of

Incorporation

 

Percent of Voting

Securities Owned

  Business
Equitable AgriFinance, LLC   Delaware  

Members: AEGON USA Realty Advisors, LLC (50%); AXA Equitable Life Insurance Company, a non-affiliate of AEGON (50%)

 

  Agriculturally-based real estate advisory services
FD TLIC, Limited Liability Company   New York  

100% Transamerica Life Insurance Company

 

  Broadway production
FGH Realty Credit LLC   Delaware  

Sole Member: FGH USA, LLC

 

  Real estate
FGH USA LLC   Delaware  

Sole Member: RCC North America LLC

 

  Real estate
Fifth FGP LLC   Delaware  

Sole Member: FGH USA LLC

 

  Real estate
Financial Planning Services, Inc.   District of Columbia  

100% Commonwealth General Corporation

 

  Management services
First FGP LLC   Delaware  

Sole Member: FGH USA LLC

 

  Real estate
Fourth FGP LLC   Delaware  

Sole Member: FGH USA LLC

 

  Real estate
FSBA AAM Strategic Fund I, LP   Delaware  

Sole Member: Aegon AM Private Equity Parnters I, LLC

 

  Investments
Garnet Assurance Corporation   Kentucky  

100% Transamerica Life Insurance Company

 

  Investments
Garnet Assurance Corporation II   Iowa  

100% Commonwealth General Corporation

 

  Business investments
Garnet Assurance Corporation III   Iowa  

100% Transamerica Life Insurance Company

 

  Business investments
Garnet Community Investments, LLC   Delaware  

Sole Member: Transamerica Life Insurance Company

 

  Investments
Garnet Community Investments IV, LLC   Delaware  

Sole Member: Transamerica Life Insurance Company

 

  Investments
Garnet Community Investments V, LLC   Delaware  

Sole Member: Transamerica Life Insurance Company

 

  Investments
Garnet Community Investments VI, LLC   Delaware  

Sole Member: Transamerica Life Insurance Company

 

  Investments
Garnet Community Investments VII, LLC   Delaware  

Sole Member: Transamerica Life Insurance Company

 

  Investments
Garnet Community Investments VIII, LLC   Delaware  

Sole Member: Transamerica Life Insurance Company

 

  Investments
Garnet Community Investments IX, LLC   Delaware  

Sole Member: Transamerica Life Insurance Company

 

  Investments
Garnet Community Investments X, LLC   Delaware  

Sole Member: Transamerica Life Insurance Company

 

  Investments
Garnet Community Investments XI, LLC   Delaware  

Sole Member: Transamerica Life Insurance Company

 

  Investments

 

As of 6/30/2022

      Page 9                


ITEM 29 LISTING

 

Name  

Jurisdiction of

Incorporation

 

Percent of Voting

Securities Owned

  Business
Garnet Community Investments XII, LLC   Delaware  

Sole Member: Transamerica Life Insurance Company

 

  Investments
Garnet Community Investments XVIII, LLC   Delaware  

Sole Member: Transamerica Life Insurance Company

 

  Investments
Garnet Community Investments XX, LLC   Delaware  

Sole Member - Transamerica Life Insurance Company

 

  Investments
Garnet Community Investments XXIV, LLC   Delaware  

Sole Member - Transamerica Life Insurance Company

 

  Investments
Garnet Community Investments XXV, LLC   Delaware  

Sole Member - Transamerica Life Insurance Company

 

  Investments
Garnet Community Investment XXVI, LLC   Delaware  

Sole Member: Transamerica Life Insurance Company

 

  Investments
Garnet Community Investments XXVII, LLC   Delaware  

Sole Member - Transamerica Life Insurance Company

 

  Investments
Garnet Community Investment XXVIII, LLC   Delaware  

Sole Member - Transamerica Life Insurance Company

 

  Investments
Garnet Community Investments XXIX, LLC   Delaware  

Sole Member - Transamerica Life Insurance Company

 

  Investments
Garnet Community Investments XXX, LLC   Delaware  

Sole Member - Transamerica Life Insurance Company

 

  Investments
Garnet Community Investments XXXI, LLC   Delaware  

Sole Member - Transamerica Life Insurance Company

 

  Investments
Garnet Community Investments XXXII, LLC   Delaware  

Sole Member - Transamerica Life Insurance Company

 

  Investments
Garnet Community Investments XXXIII, LLC   Delaware  

Sole Member - Transamerica Life Insurance Company

 

  Investments
Garnet Community Investments XXXIV, LLC   Delaware  

Sole Member - Transamerica Life Insurance Company

 

  Investments
Garnet Community Investments XXXV, LLC   Delaware  

Sole Member - Transamerica Life Insurance Company

 

  Investments
Garnet Community Investments XXXVI, LLC   Delaware  

Sole Member - Transamerica Life Insurance Company

 

  Investments
Garnet Community Investments XXXVII, LLC   Delaware  

Sole Member - Transamerica Life Insurance Company

 

  Investments
Garnet Community Investments XXXVIII, LLC   Delaware  

Sole Member - Transamerica Life Insurance Company

 

  Investments
Garnet Community Investments XXXIX, LLC   Delaware  

Sole Member - Transamerica Life Insurance Company

 

  Investments
Garnet Community Investments XL, LLC   Delaware  

Sole Member - Transamerica Life Insurance Company

 

  Investments

 

As of 6/30/2022

      Page 10                


ITEM 29 LISTING

 

Name  

Jurisdiction of

Incorporation

 

Percent of Voting

Securities Owned

  Business
Garnet Community Investments XLI, LLC   Delaware  

Sole Member: Transamerica Life Insurance Company

 

  Investments
Garnet Community Investments XLII, LLC   Delaware  

Sole Member: Transamerica Life Insurance Company

 

  Investments
Garnet Community Investments XLIII, LLC   Delaware  

Sole Member: Transamerica Life Insurance Company

 

  Investments
Garnet Community Investments XLIV, LLC   Delaware  

Sole Member: Transamerica Life Insurance Company

 

  Investments
Garnet Community Investments XLVI, LLC   Delaware  

Sole Member: Transamerica Life Insurance Company

 

  Investments
Garnet Community Investments XLVII, LLC   Delaware  

Sole Member: Transamerica Life Insurance Company

 

  Investments
Garnet Community Investments XLVIII, LLC   Delaware  

Sole Member: Transamerica Life Insurance Company

 

  Investments
Garnet Community Investments XLIX, LLC   Delaware  

Sole Member: Transamerica Life Insurance Company

 

  Investments
Garnet ITC Fund XLIII, LLC   Delaware  

Members: Garnet Community Investments XLIII, LLC (0%) asset Manager: non-affiliate of AEGON, Solar TC Corp. (100%) Investor Member

 

  Investments
Garnet LIHTC Fund IV, LLC   Delaware  

Members: Garnet Community Investments IV, LLC (99.99%); Transamerica Life Insurance Company (.01%)

 

  Investments
Garnet LIHTC Fund V, LLC   Delaware  

Members: Garnet Community Investments V, LLC (99.99%); Transamerica Life Insurance Company (.01%)

 

  Investments
Garnet LIHTC Fund VI, LLC   Delaware  

Members: Garnet Community Investments VI, LLC (99.99%); Transamerica Life Insurance Company (0.01%)

 

  Investments
Garnet LIHTC Fund VII, LLC   Delaware  

Members: Garnet Community Investments VII, LLC (99.99%); Transamerica Life Insurance Company (.01%)

 

  Investments
Garnet LIHTC Fund VIII, LLC   Delaware  

Members: Garnet Community Investments VIII, LLC (99.99%); Transamerica Life Insurance Company (0.01%)

 

  Investments
Garnet LIHTC Fund IX, LLC   Delaware  

Members: Garnet Community Investments IX, LLC (99.99%); Transamerica Life Insurance Company (0.01%)

 

  Investments

 

As of 6/30/2022

      Page 11                


ITEM 29 LISTING

 

Name  

Jurisdiction of

Incorporation

 

Percent of Voting

Securities Owned

  Business
Garnet LIHTC Fund X, LLC   Delaware  

Members: Garnet Community Investments X, LLC (0.01%); Goldenrod Asset Management, a non- AEGON affiliate (99.99%)

 

  Investments
Garnet LIHTC Fund XI, LLC   Delaware  

Members: Garnet Community Investments XI, LLC (99.99%) and Transamerica Life Insurance Company (0.01%)

 

  Investments
Garnet LIHTC Fund XII, LLC   Delaware  

Members: Managing Member, Garnet Community Investments XII (.01%), Garnet LIHTC Fund XII-A, LLC (79.9%); Garnet LIHTC Fund XII-B (13.30%), Garnet LIHTC Fund XII-C (13.30%)

 

  Investments
Garnet LIHTC Fund XII-A, LLC   Delaware  

Members: Garnet Community Investments XII, LLC (99.99%); Transamerica Life Insurance Company (0.01%)

 

  Investments
Garnet LIHTC Fund XII-B, LLC   Delaware  

Members: Garnet Community Investments XII, LLC (99.99%) and Transamerica Life Insurance Company (.01%).

 

  Investments
Garnet LIHTC Fund XII-C, LLC   Delaware  

Members: Garnet Community Investments XII, LLC (99.99%) and Transamerica Life Insurance Company (.01%)

 

  Investments
Garnet LIHTC Fund XIII, LLC   Delaware  

Members: Managing Member, Garnet Community Investments .01%; Garnet LIHTC Fund XIII-A (68.10%); Garnet LIHTC Fund XIII-B (31.89%)

 

  Investments
Garnet LIHTC Fund XIII-A, LLC   Delaware  

Members: Managing Member, Garnet Community Investments XIII, LLC (99.99%) and Transamerica Life Insurance Company (.01%)

 

  Investments
Garnet LIHTC Fund XIII-B, LLC   Delaware  

Members: Managing Member, Garnet Community Investments XIII, LLC (99.99%) and Transamerica Life Insurance Company (.01%)

 

  Investments
Garnet LIHTC Fund XIV, LLC   Delaware  

Members: Garnet Community Investments, LLC (99.99%) and Transamerica Life Insurance Company (.01%)

 

  Investments
Garnet LIHTC Fund XV, LLC   Delaware  

Member: Transamerica Life Insurance Company (99.99%)

 

  Investments
Garnet LIHTC Fund XVI, LLC   Delaware  

Members: Garnet Community Investments, LLC (0.01%); FNBC Leasing Corporation, a non-AEGON entity (99.99%)

 

  Investments

 

As of 6/30/2022

      Page 12                


ITEM 29 LISTING

 

Name  

Jurisdiction of

Incorporation

 

Percent of Voting

Securities Owned

  Business
Garnet LIHTC Fund XVII, LLC   Delaware  

Members: Garnet Community Investments, LLC (0.01%); Special Situations Investing Group II, LLC, a non-affiliate of AEGON (99.99%)

 

  Investments
Garnet LIHTC Fund XVIII, LLC   Delaware  

Members: Garnet Community Investments XVIII, LLC (99.99%); Transamerica Life Insurance Company (.01%)

 

  Investments
Garnet LIHTC Fund XIX, LLC   Delaware  

Members: Garnet Community Investments, LLC (0.01%); Bank of America, N.A., a non-AEGON affiliate (99.99%)

 

  Investments
Garnet LIHTC Fund XX, LLC   Delaware  

Sole Member - Garnet Community Investments XX, LLC

 

  Investments
Garnet LIHTC Fund XXII, LLC   Delaware  

Members: Garnet Community Investments, LLC (0.01%); NorLease, Inc., a non-AEGON affiliate (99.99%)

 

  Investments
Garnet LIHTC Fund XXIII, LLC   Delaware  

Members: Garnet Community Investments, LLC (99.99%); Transamerica Life insurance Company (.01%)

 

  Investments
Garnet LIHTC Fund XXIV, LLC   Delaware  

Members: Garnet Community Investments XXIV, LLC (0.01% as Managing Member); Transamerica Life Insurance Company (21.26%); non- affiliates of AEGON: New York Life Insurance Company (25.51%), New York Life Insurance and Annuity Corporation (21.73%) and Principal Life Insurance Company (31.49%)

 

  Investments
Garnet LIHTC Fund XXV, LLC   Delaware  

Members: Garnet Community Investment XXV, LLC (0.01%); Garnet LIHTC Fund XXVIII LLC (1%); non-

affiliates of AEGON: Mt. Hamilton Fund, LLC (97.99%); Google Affordable housing I LLC (1%)

 

  Investments
Garnet LIHTC Fund XXVI, LLC   Delaware  

Members: Garnet Community Investments XXVI, LLC (0.01%); American Income Life Insurance Company, a non-affiliate of AEGON (99.99%)

 

  Investments

 

As of 6/30/2022

      Page 13                


ITEM 29 LISTING

 

Name  

Jurisdiction of

Incorporation

 

Percent of Voting

Securities Owned

  Business
Garnet LIHTC Fund XXVII, LLC   Delaware  

Members: Garnet Community Investments XXVII, LLC (0.01%); Transamerica Life Insurance Company (16.7045%); non-affiliates of AEGON: Aetna Life Insurance Company (30.2856%); New York Life Insurance Company (22.7142%); ProAssurance Casualty Company (3.6343%); ProAssurance Indemnity Company (8.4800%); State Street Bank and Trust Company (18.1714%)

 

  Investments
Garnet LIHTC Fund XXVIII, LLC   Delaware  

Members: Garnet Community Investments XXVIII LLC (0.01%); non- affiliates of AEGON: USAA Casualty Insurance Company (17.998%); USAA General Indemnity Company (19.998%); USAA Life Insurance Company (3.999%); United Services Automobile Association (57.994%)

 

  Investments
Garnet LIHTC Fund XXIX, LLC   Delaware  

Members: Garnet Community Investments XXIX, LLC (.01%); non- affiliate of AEGON: Bank of America, N.A. (99.99%)

 

  Investments
Garnet LIHTC Fund XXX, LLC   Delaware  

Members: Garnet Community Investments XXX, LLC (0.01%); non- affiliate of AEGON, New York Life Insurance Company (99.99%)

 

  Investments
Garnet LIHTC Fund XXXI, LLC   Delaware  

Members: Garnet Community Investments XXXI, LLC (0.1%); non- affiliates of AEGON: Thunderbolt Peak Fund, LLC (98.99%); Google Affordable Housing I, LLC (1%)

 

  Investments
Garnet LIHTC Fund XXXII, LLC   Delaware  

Sole Member: Garnet Community Investments XXXVII, LLC.

 

  Investments
Garnet LIHTC Fund XXXIII, LLC   Delaware  

Members: Garnet Community Investment XXXIII, LLC (0.01%); non- affiliate of AEGON, NorLease, Inc. (99.99%)

 

  Investments
Garnet LIHTC Fund XXXIV, LLC   Delaware  

Members: Garnet Community Investments XXXIV, LLC (99.99%) and Transamerica Life Insurance Company (0.01%)

 

  Investments
Garnet LIHTC Fund XXXV, LLC   Delaware  

Members: Garnet Community Investment XXXV, LLC (0.01%); non- affiliate of AEGON, Microsoft Corporation (99.99%)

 

  Investments

 

As of 6/30/2022

      Page 14                


ITEM 29 LISTING

 

Name  

Jurisdiction of

Incorporation

 

Percent of Voting

Securities Owned

  Business
Garnet LIHTC Fund XXXVI, LLC   Delaware  

Members: Garnet Community Investments XXXVI, LLC (1%) as Managing Member; JPM Capital Corporation, a non-AEGON affiliate (99%) as Investor Member

 

  Investments
Garnet LIHTC Fund XXXVII, LLC   Delaware  

Members: Garnet Community Investments XXXVII, LLC (.01%); Transamerica Life Insurance Company (99.99%)

 

  Investments
Garnet LIHTC Fund XXXVIII, LLC   Delaware  

Members: Garnet Community Investments XXXVIII, LLC, non- Member Manager; non-affiliate of AEGON, Norlease, Inc. (100%)

 

  Investments
Garnet LIHTC Fund XXXIX, LLC   Delaware  

Members: Garnet Community Investments XXXIX, LLC a Managing Member (1%); non-AEGON affiliate, FNBC Leasing Corporation as Investor Member (99%)

 

  Investments
Garnet LIHTC Fund XL, LLC   Delaware  

Members: Garnet Community Investments XL, LLC (.01%); non- AEGON affiliate, Partner Reinsurance Company of the U.S. (99.99%)

 

  Investments
Garnet LIHTC Fund XLI, LLC   Delaware  

Members: Transamerica Life Insurance Company (9.990%) and Garnet Community Investments XLI, LLC (.01% Managing Member); non- AEGON affiliates : BBCN Bank (1.2499%), East West Bank (12.4988%), Opus Bank (12.4988%), Standard Insurance Company (24.9975%), Mutual of Omaha (12.4988%), Pacific Western Bank (7.4993%) and Principal Life Insurance Company (18.7481%).

 

  Investments
Ganet LIHTC Fund XLII, LLC   Delaware  

Members: Garnet Community Investments XLII, LLC (.01%) Managing Member; non-affiliates of AEGON: Community Trust Bank (83.33%) Investor Member; Metropolitan Bank (16.66%) Investor Member.

 

  Investments
Garnet LIHTC Fund XLIV-A, LLC   Delaware  

Sole Member: ING Capital, LLC; Asset Manager: Garnet Community Investments XLIV, LLC (0% interest)

 

  Investments
Garnet LIHTC Fund XLIV-B, LLC   Delaware  

Sole Member: Lion Capital Delaware, Inc.; Asset Manager: Garnet Community Investments XLIV, LLC (0% interest)

 

  Investments

 

As of 6/30/2022

      Page 15                


ITEM 29 LISTING

 

Name  

Jurisdiction of

Incorporation

 

Percent of Voting

Securities Owned

  Business
Garnet LIHTC Fund XLVI, LLC   Delaware  

Members: Garnet Community Investments XLVI, LLC (0.01%) Managing Member; non-affiliate of AEGON, Standard Life Insurance Company (99.99%) Investor Member

 

  Investments
Garnet LIHTC Fund XLVII, LLC   Delaware  

Members: Garnet Community Investments XLVII, LLC (1%) Managing Member; Transamerica Life Insurance Company (14%) Investor Member; non - affiliate of AEGON: Citibank, N.A. (49%) Investor Member; New York Life Insurance Company (20.5%) Investor Member and New York Life Insurance and Annuity Corporation (15.5%) Investor Member

 

  Investments
Garnet LIHTC Fund XLVIII, LLC   Delaware  

Members: Transamerica Financial Life Insurance Company (75.18%) and Garnet Community Investments XXXLVIII, LLC (.01%); non - affiliates of AEGON: U.S. Bancorp Community Development Corporation (21.04%), American Republic Insurance Company (2.84%), Bank of Hope (.93%)

 

  Investments
Horizons Acquisition 5, LLC   Florida  

Sole Member - PSL Acquisitions Operating, LLC

 

  Development company
Horizons St. Lucie Development, LLC   Florida  

Sole Member - PSL Acquisitions Operating, LLC

 

  Development company
Imani Fe, LP   California  

Partners: Garnet Community Investments, LLC (99.99%); Transamerica Life Insurance Company (.01%)

 

  Affordable housing
Investors Warranty of America, LLC   Iowa  

Sole Member: RCC North America LLC

 

  Leases business equipment
Ironwood Re Corp.   Hawaii  

100% Commonwealth General Corporation

 

  Captive insurance company
LCS Associates, LLC   Delaware  

Sole Member: RCC North America LLC

 

  Investments
Life Investors Alliance LLC   Delaware  

Sole Member: Transamerica Life Insurance Company

 

  Purchase, own, and hold the equity interest of other entities
LIHTC Fund 53, LLC   Delaware  

Non-Member Manager, AEGON Community Investments 53, LLC (0%); non-affiliates of AEGON: Bank of America, National Association (98%); MUFG Union Bank, N.A. (2%)

 

  Investments

 

As of 6/30/2022

      Page 16                


ITEM 29 LISTING

 

Name  

Jurisdiction of

Incorporation

 

Percent of Voting

Securities Owned

  Business
LIHTC Fund 56, LLC   Delaware  

Members: Managing Member - Aegon Community Investments 56, LLC (0%); non-affiliates of AEGON, Bank of America, National Association (90%) and MUFG Union Bank, N.A. (10%)

 

  Investments
LIHTC Fund 59, LLC   Delaware  

Members: Non-Member Manager Aegon Community Investments 59, LLC (0%); non-affiliates of AEGON, Bank of America, National Association (99.99%); Dominium Taxable Fund II, LLC (0.01%)

 

  Investments
LIHTC Fund XLV, LLC   Delaware  

Non-Member Manager: Garnet Community Investments XLV, LLC (0%)

 

  Investments
LIHTC Fund XLIX, LLC   Delaware  

Sole Member: Garnet Community Investments XLIX, LLC

 

  Investments
LIICA Re II, Inc.   Vermont  

100% Transamerica Life Insurance Company

 

  Captive insurance company
Massachusetts Fidelity Trust Company   Iowa  

100% AUSA Holding, LLC

 

  Trust company
Mitigation Manager, LLC   Delaware  

Sole Member: RCC North America LLC

 

  Investments
Money Services, Inc.   Delaware   100% AUSA Holding, LLC  

Provides certain financial services for affiliates including, but not limited to, certain intellectual property, computer and computer- related software and hardware services, including procurement and contract services to some or all of the Members of the AEGON Group in the United States and Canada.

 

Monumental Financial Services, Inc.   Maryland  

100% Transamerica Corporation

 

  DBA in the State of West Virginia for United Financial Services, Inc.
Monumental General Administrators, Inc.   Maryland  

100% AUSA Holding, LLC

 

  Provides management services to unaffiliated third party administrator
Natural Resources Alternatives Portfolio I, LLC   Delaware  

Members: Transamerica Life Insurance Company (96%); Transamerica Financial Life Insurance Company (4%); Managing Member: AEGON USA Realty Advisors, LLC

 

  Investment vehicle - to invest in Natural Resources
Natural Resources Alternatives Portfolio II, LLC   Delaware  

Members: Transamerica Life Insurance Company (95%); Transamerica Financial Life Insurance Company (5%)

 

  Investment vehicle
Natural Resources Alternatives Portfolio 3, LLC   Delaware  

Members: Transamerica Life Insurance Company (90%); Transamerica Financial Life Insurance Company (10%)

 

  Investment vehicle

 

 

As of 6/30/2022

      Page 17                


ITEM 29 LISTING

 

Name  

Jurisdiction of

Incorporation

 

Percent of Voting

Securities Owned

  Business
Nomagon Title Grandparent, LLC   Delaware  

Sole member is AEGON USA Asset Management Holding, LLC; AEGON USA Realty Advisors, LLC is the non - member manager of this entity

 

  Investment vehicle
Nomagon Title Holding 1, LLC   Delaware  

Sole member is Nomagon Title Parent, LLC; AEGON USA Realty Advisors, LLC is the non - member manager of this entity

 

  Investment vehicle
Nomagon Title Parent, LLC   Delaware  

Sole member is Nomagon Title Grandparent, LLC; AEGON USA Realty Advisors, LLC is the non-member manager of this entity

 

  Investment vehicle
Osceola Mitigation Partners, LLC   Florida  

Members: Mitigation Manager, LLC (50%); non-affiliate of AEGON, OBPFL - MITBK, LLC (50%)

 

  Investmetns
Pearl Holdings, Inc. I   Delaware  

100% AEGON USA Asset

Management Holding, LLC

 

  Holding company
Pearl Holdings, Inc. II   Delaware  

100% AEGON USA Asset

Management Holding, LLC

 

  Holding company
Peoples Benefit Services, LLC   Pennsylvania  

Sole Member - Transamerica Life Insurance Company

 

  Marketing non-insurance products
Placer 400 Investors, LLC   California  

Members: RCC North Amerivca LLC (50%); non-affiliate of AEGON, AKT Placer 400 Investors, LLC (50%)

 

  Investments
Primus Guaranty, Ltd.   Bermuda  

Members: Transamerica Life Insurance Company (20% 13.1%) and non - affiliates of AEGON and the public holders own the remainder.

 

  Provides protection from default risk of investment grade corporate and sovereign issues of financial obligations.
PSL Acquisitions Operating, LLC   Iowa  

Sole Member: RCC North America LLC

 

  Owner of Core subsidiary entities
RCC North America LLC   Delaware  

Sole Member: Transamerica Corporation

 

  Real estate
Real Estate Alternatives Portfolio 2 LLC   Delaware  

Members are: Transamerica Life Insurance Company (92.%); Transamerica Financial Life Insurance Company (7.5%). Manager: AEGON USA Realty Advisors, Inc.

 

  Real estate alternatives investment
Real Estate Alternatives Portfolio 3 LLC   Delaware  

Member: Transamerica Life Insurance Company. Manager: AEGON USA Realty Advisors, Inc.

 

  Real estate alternatives investment
Real Estate Alternatives Portfolio 3A, Inc.   Delaware  

Members: Transamerica Financial Life Insurance Company (9.4%); Transamerica Life Insurance Company (90.6%).

 

  Real estate alternatives investment

 

As of 6/30/2022

      Page 18                


ITEM 29 LISTING

 

Name  

Jurisdiction of

Incorporation

 

Percent of Voting

Securities Owned

  Business
Real Estate Alternatives Portfolio 4 HR, LLC   Delaware  

Members: Transamerica Life Insurance Company (96%); Transamerica Financial Life Insurance Company (4%). Manager: AEGON USA Realty Advisors, Inc.

 

  Investment vehicle for alternative real estate investments that are established annually for our affiliated companies common investment
Real Estate Alternatives Portfolio 4 MR, LLC   Delaware  

Members: Transamerica Life Insurance Company (96%); Transamerica Financial Life Insurance Company (4%). Manager: AEGON USA Realty Advisors, Inc.

 

  Investment vehicle for alternative real estate investments that are established annually for our affiliated companies common investment
River Ridge Insurance Company   Vermont  

100% AEGON Management Company

 

  Captive insurance company
SB Frazer Owner, LLC   Delaware  

Sole Member: Transamerica Life Insurance Company

 

  Investments
Second FGP LLC   Delaware  

Sole Member: FGH USA LLC

 

  Real estate
Seventh FGP LLC   Delaware  

Sole Member: FGH USA LLC

 

  Real estate
St. Lucie West Development Company, LLC   Florida  

Sole Member - PSL Acquisitions Operating, LLC

 

  Development company
Stonebridge Benefit Services, Inc.   Delaware  

100% Commonwealth General Corporation

 

  Health discount plan
TA Private Equity Assets, LLC   Delaware  

Sole Member - Transamerica Life Insurance Company

 

  Investments (private equity)
TA-APOP I, LLC   Delaware  

Sole Member - Transamerica Life Insurance Company

 

  Private equity vehicle
TA-APOP I-A, LLC   Delaware  

Sole Member: Transamerica Life

Insurance Company

 

  Investments (private equity)
TA-APOP II, LLC   Delaware  

Members: Transamerica Life Insurance Company (56%); Transamerica Financial Life Insurance Company (44%)

 

  Private equity vehicle
TABR Realty Services, LLC   Delaware  

Sole Member: AUSA Holding, LLC

 

  Real estate investments
TAG Resources, LLC   Tennessee  

Sole Member: AUSA Holding, LLC

 

  Retirement services
TAH-MCD IV, LLC   Iowa  

Sole Member - Transamerica Affordable Housing, Inc.

 

  Serve as the general partner for McDonald Corporate Tax Credit Fund IV Limited Partnership.
TAH Pentagon Funds, LLC   Iowa  

Sole Member - Transamerica Affordable Housing, Inc.

 

  Serve as a general partner in a lower-tier tax credit entity
TAHP Fund 1, LLC   Delaware  

Sole Member - Garnet LIHTC Fund IX, LLC

 

  Real estate investments
TAHP Fund 2, LLC   Delaware  

Sole Member - Garnet LIHTC Fund VIII, LLC

 

  Low incoming housing tax credit

 

 

As of 6/30/2022

      Page 19                


ITEM 29 LISTING

 

Name  

Jurisdiction of

Incorporation

 

Percent of Voting

Securities Owned

  Business
TAHP Fund VII, LLC   Delaware  

Investor Member: Garnet LIHTC Fund XIX, LLC

 

  Real estate investments
THH Acquisitions, LLC   Iowa  

Sole Member - Transamerica Life Insurance Company

 

  Acquirer of Core South Carolina mortgage loans from Investors Warranty of America, LLC and holder of foreclosed real estate.
TLIC Oakbrook Reinsurance, Inc.   Iowa  

100% Transamerica Life Insurance Company

 

  Limited purpose subsidiary life insurance company
TLIC Watertree Reinsurance Inc.   Iowa  

100% Transamerica Life Insurance Company

 

  Limited purpose subsidiary life insurance company
Tradition Development Company, LLC   Florida  

Sole Member - PSL Acquisitions Operating, LLC

 

  Development company
Tradition Land Company, LLC   Iowa  

Sole Member: RCC North America LLC

 

  Acquirer of Core Florida mortgage loans from Investors Warranty and holder of foreclosed real estate.
Transamerica Affordable Housing, Inc.   California  

100% Transamerica Realty Services, LLC

 

  General partner LHTC Partnership
Transamerica Agency Network, Inc.   Iowa  

100% AUSA Holding, LLC

 

  Special purpose subsidiary
Transamerica Asset Management, Inc.   Florida  

Transamerica Life Insurance Company owns 77%; AUSA Holding, LLC owns 23%.

 

  Fund advisor
Transamerica Capital, Inc.   California  

100% AUSA Holding, LLC

 

  Broker/Dealer
Transamerica Casualty Insurance Company   Iowa  

100% Transamerica Corporation

 

  Insurance company
Transamerica Corporation   Delaware  

100% AEGON International B.V.

 

  Major interest in insurance and finance
Transamerica Corporation   Oregon  

100% Transamerica Corporation

 

  Holding company
Transamerica Finance Corporation   Delaware  

100% Transamerica Corporation

 

  Commercial & Consumer Lending & equipment leasing
Transamerica Financial Advisors, Inc.   Delaware  

1,000 shares owned by AUSA Holding, LLC; 209 shares owned by Commonwealth General Corporation; 729 shares owned by AEGON Asset Management Services, Inc.

 

  Broker/Dealer
Transamerica Financial Life Insurance Company   New York  

88% Transamerica Corporation; 12% Transamerica Life Insurance Company

 

  Insurance
Transamerica Fund Services, Inc.   Florida  

Transamerica Life Insurance Company owns 44%; AUSA Holding, LLC owns 56%

 

  Mutual fund
Transamerica International Direct Marketing Consultants, LLC   Maryland  

Members: 51% Beth Lewellyn; 49% AEGON Direct Marketing Services, Inc.

 

  Provide consulting services ancillary to the marketing of insurance products overseas.

 

As of 6/30/2022

      Page 20                


ITEM 29 LISTING

 

Name  

Jurisdiction of

Incorporation

 

Percent of Voting

Securities Owned

  Business
Transamerica International RE (Bermuda) Ltd.   Bermuda  

100% Transamerica Corporation

 

  Reinsurance
Transamerica Investors Securities Corporation   Delaware  

100% Transamerica Retirement Solutions, LLC

 

  Broker/Dealer
Transamerica Leasing Holdings Inc.   Delaware  

100% Transamerica Finance Corporation

 

  Holding company
Transamerica Life Insurance Company   Iowa  

100% - Commonwealth General Corporation

 

  Insurance
Transamerica Life (Bermuda) Ltd.   Bermuda  

100% Transamerica Life Insurance Company

 

  Long-term life insurer in Bermuda - - will primarily write fixed universal life and term insurance
Transamerica Pacific Re, Inc.   Vermont  

100% Transamerica Life Insurance Company

 

  Captive insurance company
Transamerica Pyramid Properties LLC   Delaware  

Sole Member: Transamerica Life Insurance Company

 

  Realty limited liability company
Transamerica Realty Investment Properties LLC   Delaware  

Sole Member: Transamerica Life Insurance Company

 

  Realty limited liability company
Transamerica Resources, Inc.   Maryland  

100% Monumental General Administrators, Inc.

 

  Provides education and information regarding retirement and economic issues.
Transamerica Retirement Advisors, LLC   Delaware  

Sole Member: Transamerica Retirement Solutions, LLC

 

  Investment advisor
Transamerica Retirement Insurance Agency, LLC   Delaware  

Sole Member: Transamerica Retirement Solutions, LLC

 

  Conduct business as an insurance agency.
Transamerica Retirement Solutions, LLC   Delaware  

Sole Member: AUSA Holding, LLC

 

  Retirement plan services.
Transamerica Stable Value Solutions Inc.   Delaware  

100% Commonwealth General Corporation

 

  Principle Business: Provides management services to the stable value division of AEGON insurers who issue synthetic GIC contracts.
Transamerica Travel and Conference Services, LLC   Iowa  

Sole Member: Money Services, Inc.

 

  Travel and conference services
Transamerica Ventures Fund II, LLC   Delaware   Sole Member: AUSA Holding, LLC   Investments
ULI Funding, LLC   Iowa  

Sole Member: AUSA Holding, LLC

 

  Holding Company
United Financial Services, Inc.   Maryland  

100% Transamerica Corporation

 

  General agency
Universal Benefits, LLC   Iowa  

Sole Member: AUSA Holding, LLC

 

  Third party administrator
WFG Insurance Agency of Puerto Rico, Inc.   Puerto Rico  

100% World Financial Group Insurance Agency, Inc.

 

  Insurance agency
WFG Properties Holdings, LLC   Georgia  

Sole Member: World Financial Group, Inc.

 

  Marketing
WFG Securities Inc.   Canada  

100% World Financial Group Holding Company of Canada, Inc.

 

  Mutual fund dealer

 

As of 6/30/2022

      Page 21                


ITEM 29 LISTING

 

Name  

Jurisdiction of

Incorporation

 

Percent of Voting

Securities Owned

  Business
World Financial Group Canada Inc.   Canada  

100% World Financial Group Holding Company of Canada Inc.

 

  Marketing
World Financial Group Holding Company of Canada Inc.   Canada  

100% Commonwealth General Corporation

 

  Holding company
World Financial Group, Inc.   Delaware  

100% AEGON Asset Management Services, Inc.

 

  Marketing
World Financial Group Insurance Agency of Canada Inc.   Ontario  

50% World Financial Group Holding Co. of Canada Inc.; 50% World Financial Group Subholding Co. of Canada Inc.

 

  Insurance agency
World Financial Group Insurance Agency of Hawaii, Inc.   Hawaii  

100% World Financial Group Insurance Agency, Inc.

 

  Insurance agency
World Financial Group Insurance Agency of Massachusetts, Inc.   Massachusetts  

100% World Financial Group Insurance Agency, Inc.

 

  Insurance agency
World Financial Group Insurance Agency of Wyoming, Inc.   Wyoming  

100% World Financial Group Insurance Agency, Inc.

 

  Insurance agency
World Financial Group Insurance Agency, LLC   Iowa  

Sole Member: AUSA Holding, LLC

 

  Insurance agency
World Financial Group Subholding Company of Canada Inc.   Canada  

100% World Financial Group Holding Company of Canada, Inc.

 

  Holding company
Yarra Rapids, LLC   Delaware  

Members are: Real Estate Alternatives Portfolio 4MR, LLC (49%) and non - AEGON affiliate (51%)

 

  Real estate investments
Zahorik Company, Inc.   California  

100% AUSA Holding, LLC

 

  Inactive
Zero Beta Fund, LLC   Delaware  

Members are: Transamerica Life Insurance Company (69.15%); Transamerica Financial Life Insurance Company (16.58%); Transamerica Pacific Insurance Company, Ltd. (14.27%). Manager: AEGON USA

Investment Management LLC

 

  Aggregating vehicle formed to hold various fund investments.

 

As of 6/30/2022

      Page 22                


Item 30.   Indemnification

Any person made a party to any action, suit, or proceeding by reason of the fact that he, his testator or intestate, is or was a director, officer, or employee of the Company or of any Company which he served as such at the request of the Company, shall be indemnified by the Company against the reasonable expenses, including attorney’s fees, actually and necessarily incurred by him in connection with the defense of such action, suit or proceeding, or in connection with appeal therein, except in relation to matters as to which it shall be adjudged in such action, suit or proceeding that such officer, Director, or employee is liable for negligence or misconduct in the performance of his duties. The Company may also reimburse to any Director, officer, or employee the reasonable costs of settlement of any such action, suit, or proceeding, if it shall be found by a majority of a committee composed of the Directors not involved in the matter in controversy (whether or not a quorum) that it was in the interest of the Company that such settlement be made and that such Director, officer or employee was not guilty of negligence or misconduct. The amount to be paid by way of indemnity shall be determined and paid, in each instance, pursuant to action of the Board of Directors, and the stockholders shall be given notice thereof in accordance with applicable provisions of law. Such right of indemnification shall not be deemed exclusive of any other rights to which such Director, officer, or employee may be entitled.

Insofar as indemnification for liability arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.

Item 31.  Principal Underwriters

 

(a)

Transamerica Capital, Inc. serves as the principal underwriter for:

Transamerica Capital, Inc. serves as the principal underwriter for the Retirement Builder Variable Annuity Account, Separate Account VA B, Separate Account VA Q, Separate Account VA FF, Separate Account VA HH, Separate Account VA-1, Separate Account VA-2L, Separate Account VA-5, Separate Account VA-6, Separate Account VA-7, Separate Account VA-8, Separate Account Fund B, Separate Account Fund C, Transamerica Corporate Separate Account Sixteen, Transamerica Separate Account R3, Separate Account VL, Separate Account VUL-1; Separate Account VUL-2, Separate Account VUL-3, Separate Account VUL-4, Separate Account VUL-5, Separate Account VUL-6, Separate Account VUL-A, and Variable Life Account A, Merrill Lynch Life Variable Annuity Separate Account, Merrill Lynch Life Variable Annuity Separate Account A, Merrill Lynch Life Variable Annuity Separate Account B, Merrill Lynch Life Variable Annuity Separate Account C, Merrill Lynch Life Variable Annuity Separate Account D, Merrill Lynch Variable Life Separate Account, and Merrill Lynch Life Variable Life Separate Account II, Separate Account VA BB, Separate Account VA CC, Separate Account VA U, Separate Account VA V, Separate Account VA AA, WRL Series Annuity Account, WRL Series Annuity Account B, WRL Series Life Account, WRL Series Life Account G, WRL Series Life Corporate Account and Separate Account VL E. These accounts are separate accounts of Transamerica Life Insurance Company.

Transamerica Capital, Inc. serves as principal underwriter for Separate Account VA BNY, Separate Account VA QNY, TFLIC Separate Account VNY, Separate Account VA-2LNY, TFLIC Separate Account C, Separate Account VA-5NLNY, Separate Account VA-6NY, TFLIC Series Annuity Account, TFLIC Series Life Account, TFLIC Pooled Account No. 44, Transamerica Variable Funds, ML of New York Variable Annuity Separate Account A, ML of New York Variable Annuity Separate Account B, ML of New York Variable Annuity Separate Account C, ML of New York Variable Annuity Separate Account D and ML of New York Variable Life Separate Account II. These accounts are separate accounts of Transamerica Financial Life Insurance Company.

Transamerica Capital, Inc. also serves as principal underwriter for Transamerica Series Trust, Transamerica Funds, and Transamerica Asset Allocation Variable Funds.


(b)

Directors and Officers of Transamerica Capital, Inc.:

 

     

Name

  

Principal Business Address

  

Position and Offices with Underwriter

     
Brian Beitzel    (2)    Director, Treasurer and Chief Financial Officer
     
Mark Halloran    (3)    Director, Chairman of the Board, Chief Executive Officer and President
     
Doug Hellerman    (3)    Director, Chief Compliance Officer and Vice President
     
Timothy Ackerman    (3)    Director and Vice President
     
Jennifer Pearce    (3)    Director and Vice President
     
Gregory E. Miller-Breetz    (1)    Secretary

 

  (1)

100 Light Street, Floor B1, Baltimore, MD 21202

  (2)

6400 C Street S.W., Cedar Rapids, IA 52499-0001

  (3)

1801 California Street, Suite 5200, Denver, CO 80202

(c) Compensation to Principal Underwriter:

 

Name of Principal Underwriter

  

Net Underwriting

Discounts and
Commissions(1)

  

Compensation

on Redemption

  

Brokerage
Commissions

  

Compensation

Transamerica Capital, Inc.

   $                              0    0    0    0

(1) Fiscal Year 2020

Item 32.  Location of Accounts and Records

Accounts, books, and other documents required to be maintained by Section 31(a) of the Investment Company Act of 1940 and the Rules promulgated thereunder are primarily maintained by (a) Transamerica Financial Life Insurance Company, in whole or in part, at its principal offices at 440 Mamaroneck Avenue, Harrison, NY 10528, (b) by State Street Bank & Trust Company, in whole or in part, at its principal offices at 200 Clarendon Street, Boston, MA 02116, and (c) by Transamerica Asset Management, Inc., in whole or in part, at its principal offices at 1801 California Street, Suite 5200, Denver, CO 80202

Item 33.  Management Services

Not Applicable

Item 34.  Fee Representation

The Depositor hereby represents that the fees and charges deducted under the Policy, in the aggregate, are reasonable in relation to the services rendered, the expenses expected to be incurred, and the risks assumed by the Depositor.


SIGNATURES

Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant certifies that it meets the requirements for effectiveness of this Registration Statement under Rule 485(b) under the Securities Act and has duly caused this Registration Statement to be signed on its behalf by the undersigned, duly authorized, in the City of Denver and State of Colorado, on December 6, 2022.

 

TRANSAMERICA VARIABLE FUNDS
(Registrant)
TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY

Depositor

 

                                                         
Jamie Ohl *
President and Chief Executive Officer

Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities indicated on December 6, 2022.

 

   

Signatures

 

  

Title

 

   
          

                                                 *

Jamie Ohl

   President and Chief Executive Officer (principal executive officer)
   
 

                                                 *

Bonnie T. Gerst

   Director and Chairman of the Board (principal accounting officer)
   
 

                                                 *

Christopher S. Fleming

   Director and Chief Operating Officer, Individual Solutions Division
   
 

                                                 *

Gregory E. Miller-Breetz

   Director and Secretary
   
 

                                                 *

Matt Kepler

   Chief Financial Officer, Executive Vice President
and Treasurer (principal financial officer)
   
 

                                                 *

Zachary Harris

   Director, Chief Operating Officer, Workplace Solutions Division
   
 

                                                 *

Wendy E. Cooper

   Director
   
 

                                                 *

Anne C. Kronenberg

   Director
   
 

                                                 *

June Yuson

   Director
   
 

/s/ Brian Stallworth                                

Brian Stallworth

   Assistant Secretary

*By: Brian Stallworth – Attorney-in-Fact pursuant to Powers of Attorney filed previously and/or herewith.

.

ATTACHMENTS / EXHIBITS

OPINION AND CONSENT OF COUNCEL

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

POWERS OF ATTORNEY



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