Yes its fine, UL 1838 = complies with article 411.
Article 411 was added to the 1999 NEC and the whole listing requirement just adds confusion to a simple install IMO they should allow class1 or class2 to cover it.
Here are the key things to know about landscape lighting xfromers:
* Isolating power supply required 750 VA or less;
* Not over 30V (or not over the peak voltage equivalent of 30V RMS ac, 42.4V);
* 25A maximum size for all circuits on the secondary side;
* The secondary circuits must be ungrounded and insulated from the primary supply by an isolating transformer. Exposed bare conductors are permitted under certain conditions. Bare conductors are permitted at least 7 ft above the finished floor unless specifically listed for a lower height.
* The systems must be supplied from a 20A (max.) branch circuit (any voltage).