Collective Investment Trusts
Pro-Mix® Moderate Term CIT
Investment Objective
To provide equal emphasis on long-term capital growth and capital preservation.
Investment Strategy
The portfolio is invested in a moderately conservative mix of securities that seeks to balance growth and capital preservation for a more stable rate of return relative to an investment in the stock market. Holdings are diversified primarily among intermediate to long-term fixed income securities. Because this fund is designed to moderate risk, stocks will typically be a minority in the portfolio, unless the fund manager’s analysis shows that the stock market is especially attractive.
The fund manager will adjust the investment mix over time to manage risk by continually evaluating individual securities and market conditions to determine the relative attractiveness of each investment. In general, stock exposure will increase when valuations are low and decrease during speculative markets.
May be Appropriate for Investors
- Who want long-term capital growth and who seek to minimize extreme declines in account value
- Who have a moderate tolerance for capital risk
About Our Risk-Based Funds
Risk-based funds offer professional management and asset allocation through a choice of investment objectives that range from fairly aggressive to fairly conservative. All an investor has to do is determine which objective best suits their current risk tolerance and investment time horizon, then decide when to move to a different objective as their personal situation changes over the years.
Time Horizon & Range of Stock Exposure
| Conservative Term | Moderate Term | Extended Term | Maximum Term |
| 0-5 Years | 3-10 Years | 15+ Years | 7-20 Years |
| 5-35% | 20-60% | 40-70% | 70-95% |
Generally, the longer your time horizon, the more aggressive your investment objective can be. Greater stock exposure is typically associated with higher return potential and higher capital risk.
Daily Price
$16.67
Daily $ Change
-$0.01
Daily % Change
-0.06%
as of 05/08/2024
CUSIP
302027131
Inception Date
10/15/2013
This fund is only available for use within certain qualified employee benefit plans.
Important Documents
| Applications & Forms | |
| Fact Sheet | |
| Annual Report |
YTD
-0.73%
1 Year
3.95%
3 Year
-0.53%
5 Year
5.11%
10 Year
4.33%
Inception
(10/15/2013)
6.06%
Performance data quoted represents past performance and does not guarantee future results. Performance for periods greater than one year is annualized. Your investment may fluctuate in value and there is a potential for loss as well as profit.
Performance through the inception date of the Pro-Mix® CIT Class U units is based on the historical performance of the CIT's oldest unit class. Returns are net of Pro-Mix CIT® Class U expenses.
Expense Ratio
| Gross | 0.50% |
| Net | 0.49%* |
*Reflects the Trustee’s contractual agreement to limit fees and voluntary agreement to reimburse certain expenses.
| TREASURY NOTES | 12.94% |
| GOVERNMENT AGENCY | 11.90% |
| TREASURY BONDS | 5.35% |
| ISHARES BROAD USD HIGH YIELD 2.45200 | 2.99% |
| AMAZON.COM INC | 1.88% |
| ALPHABET INC-CL A | 1.73% |
| TAIWAN SEMICONDUCTOR - SP ADR | 1.54% |
| MASTERCARD INC-CLASS A | 1.37% |
| COCA COLA CO/THE | 1.27% |
| L3HARRIS TECHNOLOGIES INC | 1.24% |
This investment list is unaudited and excludes cash.
| Bonds | 59.21% | |
| Stocks | 38.42% | |
| Cash | 2.37% |
| International Equities | 12.40% | |
| Small Capitalization | 0.26% | |
| Mid Capitalization | 2.76% | |
| Large Capitalization | 23.01% | |
| Long Term Fixed Income | 13.75% | |
| Intermediate Term Fixed Income | 39.30% | |
| Short Term Fixed Income | 6.15% | |
| Cash | 2.37% |
Due to rounding, the sum of the detailed asset class allocation categories may not equal the asset allocation totals provided above.
| Security Description | Country | Ticker | Shares/Par | Market Value (USD) |
|---|---|---|---|---|
| ADMIRAL GROUP PLC | GB | ADM LN | 11,744 | $399,732.18 |
| ADMIRAL GROUP PLC ADR | GB | AMIGY | 43,452 | $1,478,241.39 |
| AERCAP IRELAND CAP/GLOBA 3.00000 10/29/2028 | IE | 1,400,000 | $1,248,821.17 | |
| AGREE REALTY CORP | US | ADC | 3,069 | $175,608.18 |
| AIR LIQUIDE | FR | AI FP | 1,469 | $287,304.99 |
| AIRBUS SE | FR | AIR FP | 1,633 | $268,722.83 |
| ALASKA AIR 2020-1 CL B 8.00000 08/15/2025 | US | 65,903.66 | $66,519.22 | |
| ALCON INC | CH | ALC SW | 1,238 | $94,925.93 |
| ALCON INC | CH | ALC | 20,604 | $1,598,458.32 |
| ALIBAB GROUP HOLDINGS 2.12500 02/09/2031 | KY | 800,000 | $647,036.06 | |
| ALIBABA GROUP HOLDING 4.00000 12/06/2037 | KY | 2,660,000 | $2,210,756.48 | |
| ALPHABET INC-CL A | US | GOOGL | 40,571 | $6,604,147.38 |
| AMAZON.COM INC | US | AMZN | 41,072 | $7,187,600.00 |
| AMERICAN HEALTHCARE REIT INC | US | AHR | 6,667 | $91,537.91 |
| AMERICAN HOMES 4 RENT- A | US | AMH | 6,576 | $235,420.80 |
| AMERICAN TOWER REIT INC | US | AMT | 1,504 | $258,026.24 |
| AMERICOLD REALTY TRUST | US | COLD | 5,216 | $114,595.52 |
| ASHTEAD CAPITAL INC 4.00000 05/01/2028 | US | 1,320,000 | $1,231,566.52 | |
| ASTRAZENECA | GB | AZN | 55,153 | $4,185,009.64 |
| ATLASSIAN CORP PLC-CLASS A | AU | TEAM | 886 | $152,657.80 |
| AUCKLAND INTL AIRPORT LTD | NZ | AIA NZ | 43,041 | $199,090.99 |
| AUTO TRADER GROUP PLC | GB | AUTO LN | 25,752 | $223,256.46 |
| AVALONBAY COMMUNITIES INC | US | AVB | 1,626 | $308,240.82 |
| AVANZA BANK HOLDING AB | SE | AZA SS | 5,452 | $116,836.57 |
| BAE SYSTEMS PLC | GB | BA/ LN | 15,602 | $259,495.84 |
| BAE SYSTEMS PLC -SPON ADR | GB | BAESY | 22,777 | $1,534,486.49 |
| BANK OF AMERICA CORP 2.68700 04/22/2032 | US | 2,060,000 | $1,697,760.64 | |
| BEIERSDORF AG | DE | BEI GR | 2,177 | $327,210.95 |
| BIOMARIN PHARMACEUTICAL INC | US | BMRN | 29,756 | $2,403,094.56 |
| BNSF FUNDING TRUST I 6.61300 12/15/2055 | US | 1,005,000 | $993,890.47 | |
| BORR IHC LTD 10.00000 11/15/2028 | MUL | 380,000 | $393,096.44 | |
| BRENNTAG AG | DE | BNR GR | 1,676 | $133,750.51 |
| BROOGE PETROLEUM AND GAS 8.50000 09/24/2025 | AE | 395,140 | $278,097.51 | |
| CAALT 2021-3A B MTGE 1.38000 07/15/2030 | US | 1,700,000 | $1,676,937.12 | |
| CANADIAN NATIONAL RAILWAY CO | CA | CNI | 26,704 | $3,242,933.76 |
| CAPITAL ONE FINANCIAL CO 5.70000 02/01/2030 | US | 2,550,000 | $2,514,595.24 | |
| CARETRUST REIT INC | US | CTRE | 5,594 | $138,283.68 |
| CELLNEX TELECOM SA | ES | CLNX SM | 8,180 | $270,387.39 |
| CELLNEX TELECOM SAU-UNSP ADR | ES | CLLNY | 8,177 | $134,511.65 |
| CENOVUS ENERGY INC 6.75000 11/15/2039 | CA | 1,640,000 | $1,725,677.36 | |
| CGNT 2024-1A A2 7.92400 05/25/2054 | US | 750,000 | $749,977.20 | |
| CIM 2019-INV1 A1 4.00000 02/25/2049 | US | 20,867.7 | $19,492.89 | |
| CITIGROUP INC 1.46200 06/09/2027 | US | 2,060,000 | $1,885,741.96 | |
| CITIZENS BANK NA RI FLT 4.57500 08/09/2028 | US | 1,280,000 | $1,211,942.49 | |
| CLARK CNTY NV 1.51000 11/01/2028 | US | 2,040,000 | $1,752,360.65 | |
| CLEANAWAY WASTE MANAGEMENT | AU | CWY AU | 136,027 | $235,322.80 |
| COCA COLA CO/THE | US | KO | 78,972 | $4,878,100.44 |
| COLO 2021-2A A2 MTGE 2.40000 10/25/2051 | US | 1,060,000 | $947,905.93 | |
| COLO 2023 - 1A A2 MTGE 5.11600 02/25/2053 | US | 1,350,000 | $1,264,917.92 | |
| COLT 2024-INV1 A1 5.90300 12/25/2068 | US | 1,188,342.38 | $1,176,861.23 | |
| CONSTELLATION BRANDS INC-A | US | STZ | 9,107 | $2,308,260.22 |
| COPART INC | US | CPRT | 42,231 | $2,293,565.61 |
| CROWN CASTLE INTL CORP | US | CCI | 1,313 | $123,133.14 |
| CSMC 2013-IVR3 A1 2.50000 05/25/2043 | US | 192,960.61 | $160,824.35 | |
| CSMC 2013-TH1 A1 2.13000 02/25/2043 | US | 109,305.81 | $89,893.09 | |
| CSX CORP | US | CSX | 86,232 | $2,864,627.04 |
| DEUTSCHE BOERSE AG | DE | DB1 GR | 2,218 | $427,612.63 |
| DEUTSCHE BOERSE AG ADR | DE | DBOEY | 114,853 | $2,209,771.72 |
| DIGITAL REALTY TRUST INC | US | DLR | 1,145 | $158,903.10 |
| DIGITALBRIDGE GROUP INC | US | DBRG | 6,934 | $113,994.96 |
| DOLLARAMA INC | CA | DOL CN | 3,584 | $298,976.91 |
| ELECTRONIC ARTS | US | EA | 29,879 | $3,789,254.78 |
| ENERGY TRANSFER LP 7.37500 02/01/2031 | US | 1,195,000 | $1,231,938.21 | |
| ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 | US | 1,775,000 | $1,798,399.72 | |
| EQUINIX INC | US | EQIX | 1,467 | $1,043,198.37 |
| EQUITY COMMONWEALTH | US | EQC | 7,409 | $138,696.48 |
| EQUITY LIFESTYLE PROPERTIES | US | ELS | 4,275 | $257,739.75 |
| EQUITY RESIDENTIAL | US | EQR | 3,417 | $220,054.80 |
| EVERGY INC | US | EVRG | 45,265 | $2,374,149.25 |
| EXPERIAN PLC | IE | EXPN LN | 5,694 | $229,661.48 |
| EXTRA SPACE STORAGE INC | US | EXR | 1,810 | $243,046.80 |
| FASST 2022-S6 A1 3.00000 07/25/2061 | US | 1,041,923.3 | $985,276.64 | |
| FEDERAL NATIONAL FS5443 MTGE 4.50000 06/01/2043 | US | 1,983,904.02 | $1,861,613.34 | |
| FEDERAL NATL MTG ASSN 889576 6.00000 04/01/2038 | US | 115,184.37 | $118,239.89 | |
| FEDERAL NATL MTG ASSN AD0119 6.00000 07/01/2038 | US | 55,919.04 | $57,402.42 | |
| FEDERAL NATL MTG ASSN AD0220 6.00000 10/01/2038 | US | 24,859.52 | $25,516.40 | |
| FEDERAL NATL MTG ASSN AD0462 5.50000 10/01/2024 | US | 81.92 | $81.46 | |
| FEDERAL NATL MTG ASSN AE0951 4.50000 02/01/2041 | US | 157,318.19 | $150,142.43 | |
| FEDERAL NATL MTG ASSN AH9054 4.50000 04/01/2041 | US | 60,819.62 | $57,964.07 | |
| FEDERAL NATL MTG ASSN AL7767 4.50000 06/01/2044 | US | 485,156.85 | $462,378.15 | |
| FEDERAL NATL MTG ASSN AL8674 FLT 5.64400 01/01/2049 | US | 772,246.68 | $779,311.04 | |
| FEDERAL NATL MTG ASSN BC6764 3.50000 04/01/2046 | US | 135,155.37 | $119,046.16 | |
| FEDERAL NATL MTG ASSN BD6987 4.00000 10/01/2046 | US | 374,251.14 | $341,644.15 | |
| FEDERAL NATL MTG ASSN BW1194 4.00000 09/01/2052 | US | 3,059,074.89 | $2,735,080.87 | |
| FEDERAL NATL MTG ASSN FN FS1179 3.50000 12/01/2049 | US | 1,784,075.06 | $1,569,748.11 | |
| FEDERAL NATL MTG ASSN FN MA3412 3.50000 07/01/2038 | US | 99,315.34 | $90,926.89 | |
| FEDERAL NATL MTG ASSN FN MA4687 4.00000 06/01/2042 | US | 1,883,618.22 | $1,730,474.90 | |
| FEDERAL NATL MTG ASSN MA1834 4.50000 02/01/2034 | US | 165,086.48 | $160,076.31 | |
| FEDERAL NATL MTG ASSN MA1903 4.50000 05/01/2034 | US | 141,250.52 | $136,951.57 | |
| FEDERAL NATL MTG ASSN MA4600 3.50000 05/01/2052 | US | 2,037,314.6 | $1,758,419.56 | |
| FEDERAL NATL MTG ASSN MA4644 4.00000 05/01/2052 | US | 1,970,671.9 | $1,761,953.27 | |
| FEDERAL NATL MTG ASSN SD4235 6.00000 11/01/2053 | US | 1,927,123.36 | $1,918,459.73 | |
| FEDERAL NATL MTG ASSN SD8044 3.00000 02/01/2050 | US | 1,890,830.36 | $1,584,936.97 | |
| FEDERAL NATL MTG ASSN SD8276 5.00000 12/01/2052 | US | 3,221,485.02 | $3,057,198.66 | |
| FEDERAL NATL MTG FN MA4203 2.50000 12/01/2040 | US | 1,980,780.87 | $1,673,978.35 | |
| FHLM GOLD POOL FG G08786 4.50000 10/01/2047 | US | 348,168.65 | $327,531.81 | |
| FHLM POOL G03332 6.00000 10/01/2037 | US | 17,466.28 | $17,952.42 | |
| FHLM POOL G05900 6.00000 03/01/2040 | US | 38,223.55 | $39,287.98 | |
| FHLM POOL G05906 6.00000 04/01/2040 | US | 33,576.72 | $34,511.75 | |
| FHLM POOL G06995 6.00000 05/01/2040 | US | 111,153.61 | $114,248.97 | |
| FHLM POOL SD8230 4.50000 06/01/2052 | US | 1,664,872.57 | $1,535,409.03 | |
| FHR 5189 CP 2.50000 06/25/2049 | US | 1,440,954.42 | $1,183,539.18 | |
| FINECOBANK SPA | IT | FBK IM | 8,725 | $133,664.97 |
| FIRST INDUSTRIAL REALTY TR | US | FR | 1,670 | $75,851.40 |
| FLAGSHIP COMMUNITIES REIT UT | US | MHC/U CN | 8,366 | $126,493.92 |
| FLX 2021-1A A2 3.25000 11/27/2051 | US | 1,720,000 | $1,557,553.69 | |
| FN DS2696 3.00000 12/01/2051 | US | 2,210,501.64 | $1,852,245.86 | |
| FN FS4339 MTGE 3.00000 12/01/2050 | US | 2,496,489.02 | $2,104,221.94 | |
| FN FS4925 MTGE 3.50000 04/01/2052 | US | 3,096,774.95 | $2,704,001.04 | |
| FN MA4020 MTGE 3.00000 05/01/2050 | US | 3,240,806.9 | $2,715,569.65 | |
| FN MA4733 4.50000 09/01/2052 | US | 2,182,620.68 | $2,013,611.43 | |
| FN MA4807 MTGE 5.50000 11/01/2052 | US | 1,563,896.19 | $1,524,821.07 | |
| FN MA4868 MTGE 5.00000 01/01/2053 | US | 2,880,335.71 | $2,733,446.97 | |
| FN MA4934 MTGE 5.00000 02/01/2043 | US | 2,986,987.69 | $2,889,001.89 | |
| FNR 2018-31 KP 3.50000 07/25/2047 | US | 17,574.6 | $17,001.74 | |
| FR SD1360 MTGE 5.50000 07/01/2052 | US | 2,858,512.62 | $2,784,230.28 | |
| GLOBANT SA | LU | GLOB | 1,032 | $184,304.88 |
| GNR 2017-54 AH MTGE 2.60000 12/16/2056 | US | 135,589.31 | $121,357.41 | |
| GOLDEN PEAR FUND HOLDCO 10.00000 03/02/2028 | US | 235,000 | $197,553.31 | |
| GOODG 2020-1A MTGE 2.63000 04/15/2055 | US | 900,722.02 | $724,728.95 | |
| GOODMAN GROUP | AU | GMG AU | 5,937 | $119,925.21 |
| GSMBS 2021-INV1 A6 2.50000 12/25/2051 | US | 904,459.05 | $761,080.94 | |
| GSMBS 2021-PJ6 A8 2.50000 11/25/2051 | US | 713,265.79 | $612,142.60 | |
| GSMBS 2021-PJ9 A8 2.50000 02/26/2052 | US | 722,316.83 | $608,493.25 | |
| GSMBS 2022-PJ1 A8 2.50000 05/28/2052 | US | 1,132,988.65 | $953,181.81 | |
| HALMA PLC | GB | HLMA LN | 12,669 | $347,217.24 |
| HAWAII ST 2.68200 10/01/2038 | US | 1,170,000 | $858,284.60 | |
| HDFC BANK LTD-ADR | IN | HDB | 63,528 | $3,659,212.80 |
| HEINEKEN NV | NL | HEIA NA | 4,177 | $406,504.00 |
| HEINEKEN NV-SPN ADR | NL | HEINY | 79,431 | $3,871,466.94 |
| HELIOS TOWERS PLC | GB | HTWS LN | 85,665 | $104,597.52 |
| HOTWIRE FUNDING LLC 5.68700 05/20/2053 | US | 2,800,000 | $2,703,977.64 | |
| HUMANA INC | US | HUM | 4,344 | $1,312,278.96 |
| HUNTINGTON BANCSHARES 2.55000 02/04/2030 | US | 1,445,000 | $1,204,406.66 | |
| IMCD NV | NL | IMCD NA | 2,234 | $337,053.66 |
| IMPRL 2021-NQM3 1.59500 11/25/2056 | US | 810,932.9 | $671,653.38 | |
| INFRABUILD AUTRALIA PTY 14.50000 11/15/2028 | AU | 390,000 | $402,891.33 | |
| INTERCONTINENTALEXCHANGE INC | US | ICE | 17,121 | $2,204,499.96 |
| INTERMEDIATE CAPITAL GROUP | GB | ICG LN | 9,967 | $259,778.98 |
| INTUITIVE SURGICAL INC | US | ISRG | 4,013 | $1,487,298.06 |
| INVITATION HOMES INC | US | INVH | 11,069 | $378,559.80 |
| ISHARES BROAD USD HIGH YIELD 2.45200 | US | 317,875 | $11,424,427.50 | |
| ITALY GOV'T INT BOND 2.37500 10/17/2024 | IT | 240,000 | $236,333.24 | |
| JAPAN (2 YEAR ISSUE) 0.10000 01/01/2026 | JP | 200,000,000 | $1,265,294.25 | |
| JEFFERIES FIN GROUP INC 6.20000 04/14/2034 | US | 1,840,000 | $1,818,314.22 | |
| JOHNSON & JOHNSON | US | JNJ | 28,690 | $4,148,287.10 |
| JPMMT 2014-2 1A1 3.00000 06/25/2029 | US | 128,241.59 | $122,601.13 | |
| JPMORGAN CHASE & CO 4.49300 03/24/2031 | US | 2,975,000 | $2,816,118.61 | |
| KEY BANK NA 5.85000 11/15/2027 | US | 1,240,000 | $1,216,669.69 | |
| KEYENCE CORP | JP | 6861 JP | 600 | $263,861.92 |
| KEYWORDS STUDIOS PLC | IE | KWS LN | 5,964 | $85,161.03 |
| L'OREAL | FR | OR FP | 143 | $67,046.00 |
| L3HARRIS TECHNOLOGIES INC | US | LHX | 22,096 | $4,729,648.80 |
| LEXINGTON REALTY TRUST | US | LXP | 21,208 | $177,086.80 |
| LONZA GROUP AG -REG | CH | LONN SW | 490 | $270,476.90 |
| LONZA GROUP AG ADR | CH | LZAGY | 27,098 | $1,499,332.34 |
| MARRIOTT VACATIONS WORLD | US | VAC | 873 | $83,904.03 |
| MASCO CORP | US | MAS | 19,568 | $1,339,429.60 |
| MASSMUTUAL GLOBAL FUNDING 4.85000 01/17/2029 | US | 660,000 | $644,032.69 | |
| MASTERCARD INC-CLASS A | US | MA | 11,648 | $5,255,577.60 |
| MEDTRONIC INC | IE | MDT | 21,216 | $1,702,371.84 |
| MERCADOLIBRE INC | BR | MELI | 1,837 | $2,679,631.90 |
| MET LIFE GLOB FUNDING I 4.85000 01/08/2029 | US | 660,000 | $643,612.22 | |
| META PLATFORMS INC | US | META | 7,847 | $3,375,543.99 |
| MEX BONOS DESARR FIX RT 7.75000 05/29/2031 | MX | 1,000,000 | $51,777.64 | |
| MICRON TECHNOLOGY INC | US | MU | 36,402 | $4,111,969.92 |
| MICROSOFT CORP | US | MSFT | 5,415 | $2,108,221.95 |
| MID-AMERICA APARTMENT COMM | US | MAA | 684 | $88,920.00 |
| MONARCH CASINO & RESORT INC | US | MCRI | 2,038 | $138,115.26 |
| MONDELEZ INTERNATIONAL INC | US | MDLZ | 21,140 | $1,520,811.60 |
| MOODY'S CORPORATION | US | MCO | 8,320 | $3,081,145.60 |
| NAVIENT CORP 6.75000 06/25/2025 | US | 395,000 | $394,108.39 | |
| NESTLE S.A. - ADR | CH | NSRGY | 33,660 | $3,386,196.00 |
| NESTLE SA-REGISTERED | CH | NESN SW | 3,453 | $346,681.88 |
| NEW FORTRESS ENERGY INC 8.75000 03/15/2029 | US | 420,000 | $409,322.00 | |
| NEW YORK LIFE GLOBAL FDG 4.70000 01/29/2029 | US | 620,000 | $603,693.65 | |
| NEWCASTLE COAL INFRASTRU 4.40000 09/29/2027 | AU | 1,161,497.38 | $1,086,125.89 | |
| NORTHROP GRUMMAN CORP | US | NOC | 4,854 | $2,354,335.62 |
| NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 | CA | 380,000 | $3.80 | |
| NOVARTIS AG- REG | CH | NVS | 18,554 | $1,802,150.02 |
| NRG 7.467 07/31/28 CORP 7.46700 07/31/2028 | US | 1,125,000 | $1,173,033.29 | |
| NRZT 2014-3A AFX3 3.75000 11/25/2054 | US | 193,816.75 | $177,405.10 | |
| NRZT 2015-2A A1 3.75000 08/25/2055 | US | 224,305.67 | $205,039.43 | |
| NRZT 2016-4A A1 3.75000 11/25/2056 | US | 448,022.53 | $407,483.75 | |
| NYMT 2022-CP1 A1 2.04240 07/25/2061 | US | 882,044.38 | $790,330.64 | |
| OASIS 2023-1A 7.00000 02/15/2035 | US | 540,292.03 | $538,974.58 | |
| OBX 2022-INV1 A1 3.00000 12/25/2051 | US | 1,170,379.7 | $950,492.03 | |
| OPEN INFRA IS ASSETS AB 11.00000 02/22/2027 | US | 400,000 | $397,247.22 | |
| OXFIN 2020-1A A2 3.10100 02/15/2028 | US | 376,308.83 | $370,558.19 | |
| OXFIN 2022-1A 3.60200 02/15/2030 | US | 1,608,128.59 | $1,534,733.76 | |
| OXFIN 2023-1A A2 6.71600 02/15/2031 | US | 2,100,000 | $2,101,489.95 | |
| OXFINF 2024-A A2 6.67500 01/14/2032 | US | 195,000 | $193,106.75 | |
| PALOMINO FUNDING TRUST I 7.23300 05/17/2028 | US | 2,325,000 | $2,397,419.10 | |
| PEAR 2021-1 A MTGE 2.60000 01/15/2034 | US | 890,991.9 | $862,764.65 | |
| PEAR 2023-1A 7.42000 07/15/2035 | US | 1,009,870.9 | $1,011,575.36 | |
| PELORUS FUND REIT 7.00000 09/30/2026 | US | 55,000 | $53,569.56 | |
| PFMT 2021 -INV1 A1 2.50000 08/25/2051 | US | 1,470,145.36 | $1,152,795.53 | |
| PFMT 2021-2 A2A 2.00000 04/25/2051 | US | 873,479.55 | $710,353.61 | |
| PHILIP MORRIS INTERNATIONAL | US | PM | 43,943 | $4,171,948.42 |
| PMTLT 2013-J1 a9 3.50000 09/25/2043 | US | 205,100.24 | $182,198.14 | |
| PNC FINANCIAL SERVICES FLT 5.81200 06/12/2026 | US | 725,000 | $724,704.16 | |
| PROLOGIS | US | PLD | 7,942 | $810,481.10 |
| PUBLIC STORAGE INC | US | PSA | 1,418 | $367,900.10 |
| RCKT 2021-6 A1 2.50000 12/25/2051 | US | 1,901,092.62 | $1,486,548.75 | |
| REALTY INCOME CORP | US | O | 2,527 | $135,295.58 |
| REXFORD INDUSTRIAL REALITY IN | US | REXR | 5,009 | $214,435.29 |
| S&P GLOBAL INC | US | SPGI | 5,181 | $2,154,415.23 |
| SBA COMMUNICATIONS CORP | US | SBAC | 1,878 | $349,533.36 |
| SBA TOWER TRUST 1.88400 01/15/2026 | US | 1,730,000 | $1,609,917.93 | |
| SBA TOWER TRUST 6.59900 01/15/2028 | US | 1,785,000 | $1,811,170.24 | |
| SCML 2019-SBC8 2.86000 04/25/2041 | US | 894,448.63 | $823,488.00 | |
| SEMT 2013-2 1.87400 02/25/2043 | US | 99,688.62 | $82,056.42 | |
| SEMT 2013-6 A2 3.00000 05/25/2043 | US | 262,659.94 | $226,539.24 | |
| SEMT 2013-7 A2 3.00000 06/25/2043 | US | 111,908.71 | $96,337.80 | |
| SEMT 2013-8 A1 3.00000 06/25/2043 | US | 133,944.57 | $116,131.47 | |
| SERVICENOW INC | US | NOW | 2,145 | $1,487,192.85 |
| SIMON PROPERTY 2.25000 01/15/2032 | US | 1,040,000 | $825,297.45 | |
| SIMON PROPERTY GROUP LP 2.65000 02/01/2032 | US | 3,175,000 | $2,590,090.20 | |
| SIRIUSPOINT LTD 7.00000 04/05/2029 | BM | 1,245,000 | $1,246,453.95 | |
| SLMA 2008-3 A3 6.60948 10/25/2021 | US | 1,619,800.58 | $1,604,276.64 | |
| SLMA 2008-4 A4 7.25948 07/25/2022 | US | 1,640,566.86 | $1,653,112.34 | |
| SMB 2020-BA A1A 1.29000 07/15/2053 | US | 719,176.05 | $650,802.26 | |
| SOFTCAT PLC | GB | SCT LN | 8,645 | $169,211.30 |
| SONY CORP FIRST SECTION | JP | 6758 JP | 3,500 | $289,279.79 |
| SORT 2020-1 A1 MTGE 1.69000 07/15/2060 | US | 921,938.3 | $864,083.63 | |
| SORT 2020-1 A2 1.99000 07/15/2060 | US | 769,016.85 | $659,254.92 | |
| SOUTH CAROLINA ST PUBLIC SVC 2.32900 12/01/2028 | US | 770,000 | $672,691.27 | |
| SRPT 2014-STAR A FLTG RATE 8.50000 11/15/2027 | US | 1,376,287.47 | $854,324.42 | |
| SUN COMMUNITIES | US | SUI | 3,131 | $348,542.92 |
| TAIWAN SEMICONDUCTOR - SP ADR | TW | TSM | 42,908 | $5,892,984.72 |
| TECHTRONIC INDUSTRIES CO LTD | HK | 669 HK | 25,500 | $352,392.21 |
| TECHTRONIC INDUSTRIES-SP ADR | HK | TTNDY | 24,848 | $1,717,493.76 |
| TENCENT HOLDINGS 3.97500 04/11/2029 | KY | 3,760,000 | $3,511,782.81 | |
| TENCENT HOLDINGS LTD | CN | 700 HK | 8,400 | $368,618.88 |
| TERRENO REALTY CORP | US | TRNO | 4,116 | $223,704.60 |
| THERMO FISHER SCIENTIFIC INC | US | TMO | 2,640 | $1,501,420.80 |
| TPMT 2016-5 A1 2.50000 10/25/2056 | US | 2,688.11 | $2,677.31 | |
| TPMT 2019-HY1 A1 6.43133 10/25/2048 | US | 188,456.68 | $191,271.05 | |
| TREASURY BOND 2.37500 02/15/2042 | US | 23,096,000 | $16,181,635.00 | |
| TREASURY NOTE 2.25000 11/15/2027 | US | 13,387,000 | $12,268,976.40 | |
| TRUIST FINANCIAL CORP FLT 1.88700 06/07/2029 | US | 2,130,000 | $1,818,945.39 | |
| TSY INFL IX N/B 0.12500 01/15/2031 | US | 4,527,633.78 | $3,932,143.81 | |
| TSY INFL IX N/B 2.37500 01/15/2027 | US | 3,674,702.16 | $3,665,084.77 | |
| TUTOR PERINI CORP 11.87500 04/30/2029 | US | 400,000 | $409,515.72 | |
| UDR INC | US | UDR | 2,595 | $98,817.60 |
| UNION PAC CORP | US | UNP | 9,549 | $2,264,640.84 |
| UNITED AIR 2018-1 B PTT 4.60000 03/01/2026 | US | 46,524.4 | $44,457.06 | |
| UNITED AIR 2019-2 B PTT 3.50000 05/01/2028 | US | 309,288.94 | $284,833.47 | |
| UNITEDHEALTH GROUP INC | US | UNH | 3,151 | $1,524,138.70 |
| US BANCORP FLT 4.65300 02/01/2029 | US | 1,875,000 | $1,806,862.74 | |
| US CLAIMS LIT FNDG LLC 10.25000 03/17/2028 | US | 250,000 | $212,401.94 | |
| US DOLLAR | US | 9,303,817.07 | $9,303,817.07 | |
| US TEASURY NOTE 1.75000 11/15/2029 | US | 12,432,000 | $10,681,807.50 | |
| US TREASURY N/B 2.25000 11/15/2025 | US | 12,641,000 | $12,099,807.19 | |
| US TREASURY N/B 3.62500 02/15/2053 | US | 5,273,000 | $4,304,910.16 | |
| US TREASURY N/B 4.12500 11/15/2032 | US | 15,083,000 | $14,477,323.28 | |
| VAIL RESORTS INC | US | MTN | 14,343 | $2,716,133.91 |
| VENTAS INC | US | VTR | 3,200 | $141,696.00 |
| VERTEX PHARMACEUTICALS INC | US | VRTX | 5,348 | $2,100,747.88 |
| VISA INC - CLASS A SHARES | US | V | 17,002 | $4,566,907.22 |
| WARNERMEDIA HOLDINGS INC 4.05400 03/15/2029 | US | 1,840,000 | $1,677,334.54 | |
| WELLS FARGO & COMPANY 5.70700 04/22/2028 | US | 1,830,000 | $1,832,704.65 | |
| WELLTOWER INC. | US | WELL | 4,222 | $402,272.16 |
| WIN 2015-1 A1 3.50000 01/20/2045 | US | 75,546.51 | $67,649.94 |
Investments will change over time.
A Word About Risk
All investments involve risks, including possible loss of principal. Because the fund invests in both stocks and bonds, the value of your investment will fluctuate in response to stock market movements and changes in interest rates. Investing in the fund will also involve a number of other risks, including issuer-specific risk, foreign investment risk, and small-cap/mid-cap risk. Investments in options and futures, like all derivatives, can be highly volatile and involve risks in addition to the risks of the underlying instrument on which the derivative is based, such as counterparty, correlation and liquidity risk. Also, the use of leverage increases exposure to the market and may magnify potential losses.
About The Fund Manager
Manning & Napier Advisors, LLC (Manning & Napier) provides investment advisory services to Exeter Trust Company, Trustee of the Manning & Napier Collective Investment Trust Funds. Manning & Napier is headquartered in Rochester, NY and has more than 50 years of experience managing investment objectives. The Firm’s active management approach focuses on participating in rising markets and, as important, helping to reduce the risk of large losses in sustained bear market periods. A team of investment analysts and professionals make all investment decisions in an effort to provide investors with strong risk-adjusted returns.
Daily Price
$16.67
Daily $ Change
-$0.01
Daily % Change
-0.06%
as of 05/08/2024
CUSIP
302027131
Inception Date
10/15/2013
This fund is only available for use within certain qualified employee benefit plans.
Important Documents
| Applications & Forms | |
| Fact Sheet | |
| Annual Report |
Investment Objective
To provide equal emphasis on long-term capital growth and capital preservation.
Investment Strategy
The portfolio is invested in a moderately conservative mix of securities that seeks to balance growth and capital preservation for a more stable rate of return relative to an investment in the stock market. Holdings are diversified primarily among intermediate to long-term fixed income securities. Because this fund is designed to moderate risk, stocks will typically be a minority in the portfolio, unless the fund manager’s analysis shows that the stock market is especially attractive.
The fund manager will adjust the investment mix over time to manage risk by continually evaluating individual securities and market conditions to determine the relative attractiveness of each investment. In general, stock exposure will increase when valuations are low and decrease during speculative markets.
May be Appropriate for Investors
- Who want long-term capital growth and who seek to minimize extreme declines in account value
- Who have a moderate tolerance for capital risk
About Our Risk-Based Funds
Risk-based funds offer professional management and asset allocation through a choice of investment objectives that range from fairly aggressive to fairly conservative. All an investor has to do is determine which objective best suits their current risk tolerance and investment time horizon, then decide when to move to a different objective as their personal situation changes over the years.
Time Horizon & Range of Stock Exposure
| Conservative Term | Moderate Term | Extended Term | Maximum Term |
| 0-5 Years | 3-10 Years | 15+ Years | 7-20 Years |
| 5-35% | 20-60% | 40-70% | 70-95% |
Generally, the longer your time horizon, the more aggressive your investment objective can be. Greater stock exposure is typically associated with higher return potential and higher capital risk.
YTD
-0.73%
1 Year
3.95%
3 Year
-0.53%
5 Year
5.11%
10 Year
4.33%
Inception
(10/15/2013)
6.06%
Performance data quoted represents past performance and does not guarantee future results. Performance for periods greater than one year is annualized. Your investment may fluctuate in value and there is a potential for loss as well as profit.
Performance through the inception date of the Pro-Mix® CIT Class U units is based on the historical performance of the CIT's oldest unit class. Returns are net of Pro-Mix CIT® Class U expenses.
Expense Ratio
| Gross | 0.50% |
| Net | 0.49%* |
*Reflects the Trustee’s contractual agreement to limit fees and voluntary agreement to reimburse certain expenses.
| TREASURY NOTES | 12.94% |
| GOVERNMENT AGENCY | 11.90% |
| TREASURY BONDS | 5.35% |
| ISHARES BROAD USD HIGH YIELD 2.45200 | 2.99% |
| AMAZON.COM INC | 1.88% |
| ALPHABET INC-CL A | 1.73% |
| TAIWAN SEMICONDUCTOR - SP ADR | 1.54% |
| MASTERCARD INC-CLASS A | 1.37% |
| COCA COLA CO/THE | 1.27% |
| L3HARRIS TECHNOLOGIES INC | 1.24% |
This investment list is unaudited and excludes cash.
| Bonds | 59.21% | |
| Stocks | 38.42% | |
| Cash | 2.37% |
| International Equities | 12.40% | |
| Small Capitalization | 0.26% | |
| Mid Capitalization | 2.76% | |
| Large Capitalization | 23.01% | |
| Long Term Fixed Income | 13.75% | |
| Intermediate Term Fixed Income | 39.30% | |
| Short Term Fixed Income | 6.15% | |
| Cash | 2.37% |
Due to rounding, the sum of the detailed asset class allocation categories may not equal the asset allocation totals provided above.
| Security Description | Country | Ticker | Shares/Par | Market Value (USD) |
|---|---|---|---|---|
| ADMIRAL GROUP PLC | GB | ADM LN | 11,744 | $399,732.18 |
| ADMIRAL GROUP PLC ADR | GB | AMIGY | 43,452 | $1,478,241.39 |
| AERCAP IRELAND CAP/GLOBA 3.00000 10/29/2028 | IE | 1,400,000 | $1,248,821.17 | |
| AGREE REALTY CORP | US | ADC | 3,069 | $175,608.18 |
| AIR LIQUIDE | FR | AI FP | 1,469 | $287,304.99 |
| AIRBUS SE | FR | AIR FP | 1,633 | $268,722.83 |
| ALASKA AIR 2020-1 CL B 8.00000 08/15/2025 | US | 65,903.66 | $66,519.22 | |
| ALCON INC | CH | ALC SW | 1,238 | $94,925.93 |
| ALCON INC | CH | ALC | 20,604 | $1,598,458.32 |
| ALIBAB GROUP HOLDINGS 2.12500 02/09/2031 | KY | 800,000 | $647,036.06 | |
| ALIBABA GROUP HOLDING 4.00000 12/06/2037 | KY | 2,660,000 | $2,210,756.48 | |
| ALPHABET INC-CL A | US | GOOGL | 40,571 | $6,604,147.38 |
| AMAZON.COM INC | US | AMZN | 41,072 | $7,187,600.00 |
| AMERICAN HEALTHCARE REIT INC | US | AHR | 6,667 | $91,537.91 |
| AMERICAN HOMES 4 RENT- A | US | AMH | 6,576 | $235,420.80 |
| AMERICAN TOWER REIT INC | US | AMT | 1,504 | $258,026.24 |
| AMERICOLD REALTY TRUST | US | COLD | 5,216 | $114,595.52 |
| ASHTEAD CAPITAL INC 4.00000 05/01/2028 | US | 1,320,000 | $1,231,566.52 | |
| ASTRAZENECA | GB | AZN | 55,153 | $4,185,009.64 |
| ATLASSIAN CORP PLC-CLASS A | AU | TEAM | 886 | $152,657.80 |
| AUCKLAND INTL AIRPORT LTD | NZ | AIA NZ | 43,041 | $199,090.99 |
| AUTO TRADER GROUP PLC | GB | AUTO LN | 25,752 | $223,256.46 |
| AVALONBAY COMMUNITIES INC | US | AVB | 1,626 | $308,240.82 |
| AVANZA BANK HOLDING AB | SE | AZA SS | 5,452 | $116,836.57 |
| BAE SYSTEMS PLC | GB | BA/ LN | 15,602 | $259,495.84 |
| BAE SYSTEMS PLC -SPON ADR | GB | BAESY | 22,777 | $1,534,486.49 |
| BANK OF AMERICA CORP 2.68700 04/22/2032 | US | 2,060,000 | $1,697,760.64 | |
| BEIERSDORF AG | DE | BEI GR | 2,177 | $327,210.95 |
| BIOMARIN PHARMACEUTICAL INC | US | BMRN | 29,756 | $2,403,094.56 |
| BNSF FUNDING TRUST I 6.61300 12/15/2055 | US | 1,005,000 | $993,890.47 | |
| BORR IHC LTD 10.00000 11/15/2028 | MUL | 380,000 | $393,096.44 | |
| BRENNTAG AG | DE | BNR GR | 1,676 | $133,750.51 |
| BROOGE PETROLEUM AND GAS 8.50000 09/24/2025 | AE | 395,140 | $278,097.51 | |
| CAALT 2021-3A B MTGE 1.38000 07/15/2030 | US | 1,700,000 | $1,676,937.12 | |
| CANADIAN NATIONAL RAILWAY CO | CA | CNI | 26,704 | $3,242,933.76 |
| CAPITAL ONE FINANCIAL CO 5.70000 02/01/2030 | US | 2,550,000 | $2,514,595.24 | |
| CARETRUST REIT INC | US | CTRE | 5,594 | $138,283.68 |
| CELLNEX TELECOM SA | ES | CLNX SM | 8,180 | $270,387.39 |
| CELLNEX TELECOM SAU-UNSP ADR | ES | CLLNY | 8,177 | $134,511.65 |
| CENOVUS ENERGY INC 6.75000 11/15/2039 | CA | 1,640,000 | $1,725,677.36 | |
| CGNT 2024-1A A2 7.92400 05/25/2054 | US | 750,000 | $749,977.20 | |
| CIM 2019-INV1 A1 4.00000 02/25/2049 | US | 20,867.7 | $19,492.89 | |
| CITIGROUP INC 1.46200 06/09/2027 | US | 2,060,000 | $1,885,741.96 | |
| CITIZENS BANK NA RI FLT 4.57500 08/09/2028 | US | 1,280,000 | $1,211,942.49 | |
| CLARK CNTY NV 1.51000 11/01/2028 | US | 2,040,000 | $1,752,360.65 | |
| CLEANAWAY WASTE MANAGEMENT | AU | CWY AU | 136,027 | $235,322.80 |
| COCA COLA CO/THE | US | KO | 78,972 | $4,878,100.44 |
| COLO 2021-2A A2 MTGE 2.40000 10/25/2051 | US | 1,060,000 | $947,905.93 | |
| COLO 2023 - 1A A2 MTGE 5.11600 02/25/2053 | US | 1,350,000 | $1,264,917.92 | |
| COLT 2024-INV1 A1 5.90300 12/25/2068 | US | 1,188,342.38 | $1,176,861.23 | |
| CONSTELLATION BRANDS INC-A | US | STZ | 9,107 | $2,308,260.22 |
| COPART INC | US | CPRT | 42,231 | $2,293,565.61 |
| CROWN CASTLE INTL CORP | US | CCI | 1,313 | $123,133.14 |
| CSMC 2013-IVR3 A1 2.50000 05/25/2043 | US | 192,960.61 | $160,824.35 | |
| CSMC 2013-TH1 A1 2.13000 02/25/2043 | US | 109,305.81 | $89,893.09 | |
| CSX CORP | US | CSX | 86,232 | $2,864,627.04 |
| DEUTSCHE BOERSE AG | DE | DB1 GR | 2,218 | $427,612.63 |
| DEUTSCHE BOERSE AG ADR | DE | DBOEY | 114,853 | $2,209,771.72 |
| DIGITAL REALTY TRUST INC | US | DLR | 1,145 | $158,903.10 |
| DIGITALBRIDGE GROUP INC | US | DBRG | 6,934 | $113,994.96 |
| DOLLARAMA INC | CA | DOL CN | 3,584 | $298,976.91 |
| ELECTRONIC ARTS | US | EA | 29,879 | $3,789,254.78 |
| ENERGY TRANSFER LP 7.37500 02/01/2031 | US | 1,195,000 | $1,231,938.21 | |
| ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 | US | 1,775,000 | $1,798,399.72 | |
| EQUINIX INC | US | EQIX | 1,467 | $1,043,198.37 |
| EQUITY COMMONWEALTH | US | EQC | 7,409 | $138,696.48 |
| EQUITY LIFESTYLE PROPERTIES | US | ELS | 4,275 | $257,739.75 |
| EQUITY RESIDENTIAL | US | EQR | 3,417 | $220,054.80 |
| EVERGY INC | US | EVRG | 45,265 | $2,374,149.25 |
| EXPERIAN PLC | IE | EXPN LN | 5,694 | $229,661.48 |
| EXTRA SPACE STORAGE INC | US | EXR | 1,810 | $243,046.80 |
| FASST 2022-S6 A1 3.00000 07/25/2061 | US | 1,041,923.3 | $985,276.64 | |
| FEDERAL NATIONAL FS5443 MTGE 4.50000 06/01/2043 | US | 1,983,904.02 | $1,861,613.34 | |
| FEDERAL NATL MTG ASSN 889576 6.00000 04/01/2038 | US | 115,184.37 | $118,239.89 | |
| FEDERAL NATL MTG ASSN AD0119 6.00000 07/01/2038 | US | 55,919.04 | $57,402.42 | |
| FEDERAL NATL MTG ASSN AD0220 6.00000 10/01/2038 | US | 24,859.52 | $25,516.40 | |
| FEDERAL NATL MTG ASSN AD0462 5.50000 10/01/2024 | US | 81.92 | $81.46 | |
| FEDERAL NATL MTG ASSN AE0951 4.50000 02/01/2041 | US | 157,318.19 | $150,142.43 | |
| FEDERAL NATL MTG ASSN AH9054 4.50000 04/01/2041 | US | 60,819.62 | $57,964.07 | |
| FEDERAL NATL MTG ASSN AL7767 4.50000 06/01/2044 | US | 485,156.85 | $462,378.15 | |
| FEDERAL NATL MTG ASSN AL8674 FLT 5.64400 01/01/2049 | US | 772,246.68 | $779,311.04 | |
| FEDERAL NATL MTG ASSN BC6764 3.50000 04/01/2046 | US | 135,155.37 | $119,046.16 | |
| FEDERAL NATL MTG ASSN BD6987 4.00000 10/01/2046 | US | 374,251.14 | $341,644.15 | |
| FEDERAL NATL MTG ASSN BW1194 4.00000 09/01/2052 | US | 3,059,074.89 | $2,735,080.87 | |
| FEDERAL NATL MTG ASSN FN FS1179 3.50000 12/01/2049 | US | 1,784,075.06 | $1,569,748.11 | |
| FEDERAL NATL MTG ASSN FN MA3412 3.50000 07/01/2038 | US | 99,315.34 | $90,926.89 | |
| FEDERAL NATL MTG ASSN FN MA4687 4.00000 06/01/2042 | US | 1,883,618.22 | $1,730,474.90 | |
| FEDERAL NATL MTG ASSN MA1834 4.50000 02/01/2034 | US | 165,086.48 | $160,076.31 | |
| FEDERAL NATL MTG ASSN MA1903 4.50000 05/01/2034 | US | 141,250.52 | $136,951.57 | |
| FEDERAL NATL MTG ASSN MA4600 3.50000 05/01/2052 | US | 2,037,314.6 | $1,758,419.56 | |
| FEDERAL NATL MTG ASSN MA4644 4.00000 05/01/2052 | US | 1,970,671.9 | $1,761,953.27 | |
| FEDERAL NATL MTG ASSN SD4235 6.00000 11/01/2053 | US | 1,927,123.36 | $1,918,459.73 | |
| FEDERAL NATL MTG ASSN SD8044 3.00000 02/01/2050 | US | 1,890,830.36 | $1,584,936.97 | |
| FEDERAL NATL MTG ASSN SD8276 5.00000 12/01/2052 | US | 3,221,485.02 | $3,057,198.66 | |
| FEDERAL NATL MTG FN MA4203 2.50000 12/01/2040 | US | 1,980,780.87 | $1,673,978.35 | |
| FHLM GOLD POOL FG G08786 4.50000 10/01/2047 | US | 348,168.65 | $327,531.81 | |
| FHLM POOL G03332 6.00000 10/01/2037 | US | 17,466.28 | $17,952.42 | |
| FHLM POOL G05900 6.00000 03/01/2040 | US | 38,223.55 | $39,287.98 | |
| FHLM POOL G05906 6.00000 04/01/2040 | US | 33,576.72 | $34,511.75 | |
| FHLM POOL G06995 6.00000 05/01/2040 | US | 111,153.61 | $114,248.97 | |
| FHLM POOL SD8230 4.50000 06/01/2052 | US | 1,664,872.57 | $1,535,409.03 | |
| FHR 5189 CP 2.50000 06/25/2049 | US | 1,440,954.42 | $1,183,539.18 | |
| FINECOBANK SPA | IT | FBK IM | 8,725 | $133,664.97 |
| FIRST INDUSTRIAL REALTY TR | US | FR | 1,670 | $75,851.40 |
| FLAGSHIP COMMUNITIES REIT UT | US | MHC/U CN | 8,366 | $126,493.92 |
| FLX 2021-1A A2 3.25000 11/27/2051 | US | 1,720,000 | $1,557,553.69 | |
| FN DS2696 3.00000 12/01/2051 | US | 2,210,501.64 | $1,852,245.86 | |
| FN FS4339 MTGE 3.00000 12/01/2050 | US | 2,496,489.02 | $2,104,221.94 | |
| FN FS4925 MTGE 3.50000 04/01/2052 | US | 3,096,774.95 | $2,704,001.04 | |
| FN MA4020 MTGE 3.00000 05/01/2050 | US | 3,240,806.9 | $2,715,569.65 | |
| FN MA4733 4.50000 09/01/2052 | US | 2,182,620.68 | $2,013,611.43 | |
| FN MA4807 MTGE 5.50000 11/01/2052 | US | 1,563,896.19 | $1,524,821.07 | |
| FN MA4868 MTGE 5.00000 01/01/2053 | US | 2,880,335.71 | $2,733,446.97 | |
| FN MA4934 MTGE 5.00000 02/01/2043 | US | 2,986,987.69 | $2,889,001.89 | |
| FNR 2018-31 KP 3.50000 07/25/2047 | US | 17,574.6 | $17,001.74 | |
| FR SD1360 MTGE 5.50000 07/01/2052 | US | 2,858,512.62 | $2,784,230.28 | |
| GLOBANT SA | LU | GLOB | 1,032 | $184,304.88 |
| GNR 2017-54 AH MTGE 2.60000 12/16/2056 | US | 135,589.31 | $121,357.41 | |
| GOLDEN PEAR FUND HOLDCO 10.00000 03/02/2028 | US | 235,000 | $197,553.31 | |
| GOODG 2020-1A MTGE 2.63000 04/15/2055 | US | 900,722.02 | $724,728.95 | |
| GOODMAN GROUP | AU | GMG AU | 5,937 | $119,925.21 |
| GSMBS 2021-INV1 A6 2.50000 12/25/2051 | US | 904,459.05 | $761,080.94 | |
| GSMBS 2021-PJ6 A8 2.50000 11/25/2051 | US | 713,265.79 | $612,142.60 | |
| GSMBS 2021-PJ9 A8 2.50000 02/26/2052 | US | 722,316.83 | $608,493.25 | |
| GSMBS 2022-PJ1 A8 2.50000 05/28/2052 | US | 1,132,988.65 | $953,181.81 | |
| HALMA PLC | GB | HLMA LN | 12,669 | $347,217.24 |
| HAWAII ST 2.68200 10/01/2038 | US | 1,170,000 | $858,284.60 | |
| HDFC BANK LTD-ADR | IN | HDB | 63,528 | $3,659,212.80 |
| HEINEKEN NV | NL | HEIA NA | 4,177 | $406,504.00 |
| HEINEKEN NV-SPN ADR | NL | HEINY | 79,431 | $3,871,466.94 |
| HELIOS TOWERS PLC | GB | HTWS LN | 85,665 | $104,597.52 |
| HOTWIRE FUNDING LLC 5.68700 05/20/2053 | US | 2,800,000 | $2,703,977.64 | |
| HUMANA INC | US | HUM | 4,344 | $1,312,278.96 |
| HUNTINGTON BANCSHARES 2.55000 02/04/2030 | US | 1,445,000 | $1,204,406.66 | |
| IMCD NV | NL | IMCD NA | 2,234 | $337,053.66 |
| IMPRL 2021-NQM3 1.59500 11/25/2056 | US | 810,932.9 | $671,653.38 | |
| INFRABUILD AUTRALIA PTY 14.50000 11/15/2028 | AU | 390,000 | $402,891.33 | |
| INTERCONTINENTALEXCHANGE INC | US | ICE | 17,121 | $2,204,499.96 |
| INTERMEDIATE CAPITAL GROUP | GB | ICG LN | 9,967 | $259,778.98 |
| INTUITIVE SURGICAL INC | US | ISRG | 4,013 | $1,487,298.06 |
| INVITATION HOMES INC | US | INVH | 11,069 | $378,559.80 |
| ISHARES BROAD USD HIGH YIELD 2.45200 | US | 317,875 | $11,424,427.50 | |
| ITALY GOV'T INT BOND 2.37500 10/17/2024 | IT | 240,000 | $236,333.24 | |
| JAPAN (2 YEAR ISSUE) 0.10000 01/01/2026 | JP | 200,000,000 | $1,265,294.25 | |
| JEFFERIES FIN GROUP INC 6.20000 04/14/2034 | US | 1,840,000 | $1,818,314.22 | |
| JOHNSON & JOHNSON | US | JNJ | 28,690 | $4,148,287.10 |
| JPMMT 2014-2 1A1 3.00000 06/25/2029 | US | 128,241.59 | $122,601.13 | |
| JPMORGAN CHASE & CO 4.49300 03/24/2031 | US | 2,975,000 | $2,816,118.61 | |
| KEY BANK NA 5.85000 11/15/2027 | US | 1,240,000 | $1,216,669.69 | |
| KEYENCE CORP | JP | 6861 JP | 600 | $263,861.92 |
| KEYWORDS STUDIOS PLC | IE | KWS LN | 5,964 | $85,161.03 |
| L'OREAL | FR | OR FP | 143 | $67,046.00 |
| L3HARRIS TECHNOLOGIES INC | US | LHX | 22,096 | $4,729,648.80 |
| LEXINGTON REALTY TRUST | US | LXP | 21,208 | $177,086.80 |
| LONZA GROUP AG -REG | CH | LONN SW | 490 | $270,476.90 |
| LONZA GROUP AG ADR | CH | LZAGY | 27,098 | $1,499,332.34 |
| MARRIOTT VACATIONS WORLD | US | VAC | 873 | $83,904.03 |
| MASCO CORP | US | MAS | 19,568 | $1,339,429.60 |
| MASSMUTUAL GLOBAL FUNDING 4.85000 01/17/2029 | US | 660,000 | $644,032.69 | |
| MASTERCARD INC-CLASS A | US | MA | 11,648 | $5,255,577.60 |
| MEDTRONIC INC | IE | MDT | 21,216 | $1,702,371.84 |
| MERCADOLIBRE INC | BR | MELI | 1,837 | $2,679,631.90 |
| MET LIFE GLOB FUNDING I 4.85000 01/08/2029 | US | 660,000 | $643,612.22 | |
| META PLATFORMS INC | US | META | 7,847 | $3,375,543.99 |
| MEX BONOS DESARR FIX RT 7.75000 05/29/2031 | MX | 1,000,000 | $51,777.64 | |
| MICRON TECHNOLOGY INC | US | MU | 36,402 | $4,111,969.92 |
| MICROSOFT CORP | US | MSFT | 5,415 | $2,108,221.95 |
| MID-AMERICA APARTMENT COMM | US | MAA | 684 | $88,920.00 |
| MONARCH CASINO & RESORT INC | US | MCRI | 2,038 | $138,115.26 |
| MONDELEZ INTERNATIONAL INC | US | MDLZ | 21,140 | $1,520,811.60 |
| MOODY'S CORPORATION | US | MCO | 8,320 | $3,081,145.60 |
| NAVIENT CORP 6.75000 06/25/2025 | US | 395,000 | $394,108.39 | |
| NESTLE S.A. - ADR | CH | NSRGY | 33,660 | $3,386,196.00 |
| NESTLE SA-REGISTERED | CH | NESN SW | 3,453 | $346,681.88 |
| NEW FORTRESS ENERGY INC 8.75000 03/15/2029 | US | 420,000 | $409,322.00 | |
| NEW YORK LIFE GLOBAL FDG 4.70000 01/29/2029 | US | 620,000 | $603,693.65 | |
| NEWCASTLE COAL INFRASTRU 4.40000 09/29/2027 | AU | 1,161,497.38 | $1,086,125.89 | |
| NORTHROP GRUMMAN CORP | US | NOC | 4,854 | $2,354,335.62 |
| NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 | CA | 380,000 | $3.80 | |
| NOVARTIS AG- REG | CH | NVS | 18,554 | $1,802,150.02 |
| NRG 7.467 07/31/28 CORP 7.46700 07/31/2028 | US | 1,125,000 | $1,173,033.29 | |
| NRZT 2014-3A AFX3 3.75000 11/25/2054 | US | 193,816.75 | $177,405.10 | |
| NRZT 2015-2A A1 3.75000 08/25/2055 | US | 224,305.67 | $205,039.43 | |
| NRZT 2016-4A A1 3.75000 11/25/2056 | US | 448,022.53 | $407,483.75 | |
| NYMT 2022-CP1 A1 2.04240 07/25/2061 | US | 882,044.38 | $790,330.64 | |
| OASIS 2023-1A 7.00000 02/15/2035 | US | 540,292.03 | $538,974.58 | |
| OBX 2022-INV1 A1 3.00000 12/25/2051 | US | 1,170,379.7 | $950,492.03 | |
| OPEN INFRA IS ASSETS AB 11.00000 02/22/2027 | US | 400,000 | $397,247.22 | |
| OXFIN 2020-1A A2 3.10100 02/15/2028 | US | 376,308.83 | $370,558.19 | |
| OXFIN 2022-1A 3.60200 02/15/2030 | US | 1,608,128.59 | $1,534,733.76 | |
| OXFIN 2023-1A A2 6.71600 02/15/2031 | US | 2,100,000 | $2,101,489.95 | |
| OXFINF 2024-A A2 6.67500 01/14/2032 | US | 195,000 | $193,106.75 | |
| PALOMINO FUNDING TRUST I 7.23300 05/17/2028 | US | 2,325,000 | $2,397,419.10 | |
| PEAR 2021-1 A MTGE 2.60000 01/15/2034 | US | 890,991.9 | $862,764.65 | |
| PEAR 2023-1A 7.42000 07/15/2035 | US | 1,009,870.9 | $1,011,575.36 | |
| PELORUS FUND REIT 7.00000 09/30/2026 | US | 55,000 | $53,569.56 | |
| PFMT 2021 -INV1 A1 2.50000 08/25/2051 | US | 1,470,145.36 | $1,152,795.53 | |
| PFMT 2021-2 A2A 2.00000 04/25/2051 | US | 873,479.55 | $710,353.61 | |
| PHILIP MORRIS INTERNATIONAL | US | PM | 43,943 | $4,171,948.42 |
| PMTLT 2013-J1 a9 3.50000 09/25/2043 | US | 205,100.24 | $182,198.14 | |
| PNC FINANCIAL SERVICES FLT 5.81200 06/12/2026 | US | 725,000 | $724,704.16 | |
| PROLOGIS | US | PLD | 7,942 | $810,481.10 |
| PUBLIC STORAGE INC | US | PSA | 1,418 | $367,900.10 |
| RCKT 2021-6 A1 2.50000 12/25/2051 | US | 1,901,092.62 | $1,486,548.75 | |
| REALTY INCOME CORP | US | O | 2,527 | $135,295.58 |
| REXFORD INDUSTRIAL REALITY IN | US | REXR | 5,009 | $214,435.29 |
| S&P GLOBAL INC | US | SPGI | 5,181 | $2,154,415.23 |
| SBA COMMUNICATIONS CORP | US | SBAC | 1,878 | $349,533.36 |
| SBA TOWER TRUST 1.88400 01/15/2026 | US | 1,730,000 | $1,609,917.93 | |
| SBA TOWER TRUST 6.59900 01/15/2028 | US | 1,785,000 | $1,811,170.24 | |
| SCML 2019-SBC8 2.86000 04/25/2041 | US | 894,448.63 | $823,488.00 | |
| SEMT 2013-2 1.87400 02/25/2043 | US | 99,688.62 | $82,056.42 | |
| SEMT 2013-6 A2 3.00000 05/25/2043 | US | 262,659.94 | $226,539.24 | |
| SEMT 2013-7 A2 3.00000 06/25/2043 | US | 111,908.71 | $96,337.80 | |
| SEMT 2013-8 A1 3.00000 06/25/2043 | US | 133,944.57 | $116,131.47 | |
| SERVICENOW INC | US | NOW | 2,145 | $1,487,192.85 |
| SIMON PROPERTY 2.25000 01/15/2032 | US | 1,040,000 | $825,297.45 | |
| SIMON PROPERTY GROUP LP 2.65000 02/01/2032 | US | 3,175,000 | $2,590,090.20 | |
| SIRIUSPOINT LTD 7.00000 04/05/2029 | BM | 1,245,000 | $1,246,453.95 | |
| SLMA 2008-3 A3 6.60948 10/25/2021 | US | 1,619,800.58 | $1,604,276.64 | |
| SLMA 2008-4 A4 7.25948 07/25/2022 | US | 1,640,566.86 | $1,653,112.34 | |
| SMB 2020-BA A1A 1.29000 07/15/2053 | US | 719,176.05 | $650,802.26 | |
| SOFTCAT PLC | GB | SCT LN | 8,645 | $169,211.30 |
| SONY CORP FIRST SECTION | JP | 6758 JP | 3,500 | $289,279.79 |
| SORT 2020-1 A1 MTGE 1.69000 07/15/2060 | US | 921,938.3 | $864,083.63 | |
| SORT 2020-1 A2 1.99000 07/15/2060 | US | 769,016.85 | $659,254.92 | |
| SOUTH CAROLINA ST PUBLIC SVC 2.32900 12/01/2028 | US | 770,000 | $672,691.27 | |
| SRPT 2014-STAR A FLTG RATE 8.50000 11/15/2027 | US | 1,376,287.47 | $854,324.42 | |
| SUN COMMUNITIES | US | SUI | 3,131 | $348,542.92 |
| TAIWAN SEMICONDUCTOR - SP ADR | TW | TSM | 42,908 | $5,892,984.72 |
| TECHTRONIC INDUSTRIES CO LTD | HK | 669 HK | 25,500 | $352,392.21 |
| TECHTRONIC INDUSTRIES-SP ADR | HK | TTNDY | 24,848 | $1,717,493.76 |
| TENCENT HOLDINGS 3.97500 04/11/2029 | KY | 3,760,000 | $3,511,782.81 | |
| TENCENT HOLDINGS LTD | CN | 700 HK | 8,400 | $368,618.88 |
| TERRENO REALTY CORP | US | TRNO | 4,116 | $223,704.60 |
| THERMO FISHER SCIENTIFIC INC | US | TMO | 2,640 | $1,501,420.80 |
| TPMT 2016-5 A1 2.50000 10/25/2056 | US | 2,688.11 | $2,677.31 | |
| TPMT 2019-HY1 A1 6.43133 10/25/2048 | US | 188,456.68 | $191,271.05 | |
| TREASURY BOND 2.37500 02/15/2042 | US | 23,096,000 | $16,181,635.00 | |
| TREASURY NOTE 2.25000 11/15/2027 | US | 13,387,000 | $12,268,976.40 | |
| TRUIST FINANCIAL CORP FLT 1.88700 06/07/2029 | US | 2,130,000 | $1,818,945.39 | |
| TSY INFL IX N/B 0.12500 01/15/2031 | US | 4,527,633.78 | $3,932,143.81 | |
| TSY INFL IX N/B 2.37500 01/15/2027 | US | 3,674,702.16 | $3,665,084.77 | |
| TUTOR PERINI CORP 11.87500 04/30/2029 | US | 400,000 | $409,515.72 | |
| UDR INC | US | UDR | 2,595 | $98,817.60 |
| UNION PAC CORP | US | UNP | 9,549 | $2,264,640.84 |
| UNITED AIR 2018-1 B PTT 4.60000 03/01/2026 | US | 46,524.4 | $44,457.06 | |
| UNITED AIR 2019-2 B PTT 3.50000 05/01/2028 | US | 309,288.94 | $284,833.47 | |
| UNITEDHEALTH GROUP INC | US | UNH | 3,151 | $1,524,138.70 |
| US BANCORP FLT 4.65300 02/01/2029 | US | 1,875,000 | $1,806,862.74 | |
| US CLAIMS LIT FNDG LLC 10.25000 03/17/2028 | US | 250,000 | $212,401.94 | |
| US DOLLAR | US | 9,303,817.07 | $9,303,817.07 | |
| US TEASURY NOTE 1.75000 11/15/2029 | US | 12,432,000 | $10,681,807.50 | |
| US TREASURY N/B 2.25000 11/15/2025 | US | 12,641,000 | $12,099,807.19 | |
| US TREASURY N/B 3.62500 02/15/2053 | US | 5,273,000 | $4,304,910.16 | |
| US TREASURY N/B 4.12500 11/15/2032 | US | 15,083,000 | $14,477,323.28 | |
| VAIL RESORTS INC | US | MTN | 14,343 | $2,716,133.91 |
| VENTAS INC | US | VTR | 3,200 | $141,696.00 |
| VERTEX PHARMACEUTICALS INC | US | VRTX | 5,348 | $2,100,747.88 |
| VISA INC - CLASS A SHARES | US | V | 17,002 | $4,566,907.22 |
| WARNERMEDIA HOLDINGS INC 4.05400 03/15/2029 | US | 1,840,000 | $1,677,334.54 | |
| WELLS FARGO & COMPANY 5.70700 04/22/2028 | US | 1,830,000 | $1,832,704.65 | |
| WELLTOWER INC. | US | WELL | 4,222 | $402,272.16 |
| WIN 2015-1 A1 3.50000 01/20/2045 | US | 75,546.51 | $67,649.94 |
Investments will change over time.
A Word About Risk
All investments involve risks, including possible loss of principal. Because the fund invests in both stocks and bonds, the value of your investment will fluctuate in response to stock market movements and changes in interest rates. Investing in the fund will also involve a number of other risks, including issuer-specific risk, foreign investment risk, and small-cap/mid-cap risk. Investments in options and futures, like all derivatives, can be highly volatile and involve risks in addition to the risks of the underlying instrument on which the derivative is based, such as counterparty, correlation and liquidity risk. Also, the use of leverage increases exposure to the market and may magnify potential losses.
About The Fund Manager
Manning & Napier Advisors, LLC (Manning & Napier) provides investment advisory services to Exeter Trust Company, Trustee of the Manning & Napier Collective Investment Trust Funds. Manning & Napier is headquartered in Rochester, NY and has more than 50 years of experience managing investment objectives. The Firm’s active management approach focuses on participating in rising markets and, as important, helping to reduce the risk of large losses in sustained bear market periods. A team of investment analysts and professionals make all investment decisions in an effort to provide investors with strong risk-adjusted returns.