Collective Investment Trusts

Global Equity CIT

Investment Objective

To capture investment opportunities in U.S. and non-U.S. equities, including those from both developed and emerging countries.

Investment Strategy

This fund is managed using a bottom-up, opportunistic, core approach with top-down input. At least 90% of the portfolio is invested in equities, with a general range of 30% - 70% expected to be invested in securities of companies that are domiciled outside of the U.S. Holdings are selected security-by-security and consist of ordinary (local) shares, in addition to American Depository Receipts (ADRs). This portfolio may be diversified across investment styles, sectors, regions, and market capitalizations.

May be Appropriate for Investors

  • Seeking a long-term (15 years or more) investment and who are willing to accept potentially significant fluctuations in value (very high capital risk tolerance)
  • Seeking to add diversification to their retirement portfolio by adding a global equity component

Daily Price

$40.33

Daily $ Change

$0.23

Daily % Change

0.57%

as of 12/06/2024

CUSIP

302027172

Inception Date

11/16/2012

Investment Minimum

$50,000,000.00

This fund is available only for use within certain qualified employee benefit plans.

Important Documents

Applications & Forms
Fact Sheet
Annual Report

Performance

As of 11/30/2024

YTD

17.05%

1 Year

22.77%

3 Year

6.50%

5 Year

12.38%

10 Year

11.08%

Inception
(05/01/2006)

8.59%

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 Global Equity CIT Class Z units is not the past performance of the Global Equity CIT Fund and is based on historical performance data for the Manning & Napier Global Equity Composite, which is a weighted average of discretionary separately managed accounts that are managed by Manning & Napier Advisors, LLC with a Global Equity objective.

Returns are estimated net of a model fee of 0.75%, which is the highest trustee fee for the Global Equity CIT Class Z units. Actual fees charged on accounts may vary.

Expense Ratio

Custom ---%

Top Ten Investments

As of 11/30/2024

AMAZON COM INC 4.05%
META PLATFORMS INC CL A 3.69%
MASTERCARD INCORPORATED CL A 3.37%
VISA INC 3.06%
ASTRAZENECA PLC 2.64%
MICROSOFT CORP 2.63%
NVIDIA CORP 2.37%
SERVICENOW INC 2.32%
INFINEON TECHNOLOGY 2.21%
ALPHABET INC CAP STK CL A 2.13%

Top Ten Investments list is unaudited and excludes cash

Security Description Country Ticker Shares/Par Market Value (USD)
ADMIRAL GROUP GB 101,633 $3,310,899.41
AIR LIQUIDE FR 28,907 $4,802,005.86
ALBEMARLE CORP US ALB 20,666 $2,225,728.20
ALCON INC ORD SHS US ALC 30,593 $2,718,188.05
ALPHABET INC CAP STK CL A US GOOGL 32,490 $5,489,185.50
AMAZON COM INC US AMZN 50,223 $10,440,859.47
APPLIED MATLS INC US AMAT 14,069 $2,457,994.99
ASTRAZENECA PLC US AZN 100,699 $6,809,266.38
ATLASSIAN CORPORATION CL A US TEAM 7,466 $1,967,888.28
AUTO TRADER GROUP ORD GBP1.50 GB 235,497 $2,511,365.79
AVANZA BANK HLDG NPV SE 51,077 $1,094,622.42
BAE SYSTEMS ORD GBP0.025 GB 316,887 $4,942,101.05
BLACKROCK INC COM US BLK 2,502 $2,559,045.60
CADENCE DESIGN SYSTEM INC US CDNS 16,271 $4,992,105.51
CANADIAN NATL RY CO US CNI 40,282 $4,499,096.58
CBRE GROUP INC US CBRE 31,985 $4,477,580.15
COCA COLA CO US KO 46,446 $2,976,259.68
COPART INC US CPRT 62,494 $3,961,494.66
CSX CORP US CSX 114,088 $4,169,916.40
DEUTSCHE BOERSE AG NPV(REGD) DE 19,938 $4,664,461.21
ELECTRONIC ARTS INC US EA 23,649 $3,870,631.83
EPAM SYS INC US EPAM 13,231 $3,227,305.52
EVERGY INC COM US EVRG 66,616 $4,305,392.08
EXPERIAN ORD USD0.10 GB 41,599 $1,983,319.08
EXTRA SPACE STORAGE INC US EXR 23,073 $3,944,560.08
FINECOBANK SPA EUR0.33 IT 78,667 $1,262,108.02
FISERV INC US FI 14,631 $3,232,865.76
GLOBANT S A US GLOB 19,591 $4,462,046.16
HALMA ORD GBP0.10 GB 78,352 $2,696,878.50
HDFC BANK LTD US HDB 79,560 $5,311,425.60
HENSOLDT AG NPV DE 50,930 $1,979,555.39
HERMES INTERNATIONAL S.C.A. FR 917 $2,000,025.60
IMCD NV EUR0.16 NL 17,372 $2,607,294.34
INFINEON TECHNOLOGY DE 175,326 $5,706,300.78
INTERCONTINENTAL EXCHANGE INC COM US ICE 8,063 $1,297,820.48
INTERMED CAP GRP ORD GBP0.2625 GB 77,604 $2,089,164.79
INTUITIVE SURGICAL INC US ISRG 3,558 $1,928,436.00
J P MORGAN CHASE AND CO US JPM 5,208 $1,300,541.76
JOHNSON AND JOHNSON US JNJ 24,307 $3,767,828.07
KEYENCE CORP JP 5,700 $2,456,330.53
L3HARRIS TECHNOLOGIES INC COM US LHX 15,611 $3,844,208.75
LONZA GROUP AG CHF1(REGD) CH 4,135 $2,470,674.23
LVMH FR 7,047 $4,410,002.03
MASCO CORP US MAS 40,817 $3,288,217.52
MASTERCARD INCORPORATED CL A US MA 16,318 $8,696,514.92
MERCADOLIBRE INC US MELI 1,442 $2,862,615.14
META PLATFORMS INC CL A US META 16,569 $9,515,908.08
MICROSOFT CORP US MSFT 15,985 $6,769,008.10
MOODYS CORP US MCO 6,857 $3,428,362.86
MSCI INC US MSCI 3,430 $2,091,030.90
NASDAQ STOCK MARKET INC US NDAQ 18,019 $1,495,396.81
NORTHROP GRUMMAN CORP US NOC 5,295 $2,592,696.75
NVIDIA CORP US NVDA 44,133 $6,101,387.25
ROCHE HLDGS AG GENUSSCHEINE NPV CH 15,750 $4,567,678.77
S AND P GLOBAL INC US SPGI 5,708 $2,982,487.08
SALESFORCE INC COM US CRM 9,519 $3,141,174.81
SERVICENOW INC US NOW 5,704 $5,986,005.76
SMC CORP JP 7,900 $3,342,317.81
SOCIEDAD QUIMICA MINERA DE C US SQM 101,410 $3,900,228.60
SONY CORP NPV JP 127,000 $2,542,790.56
SPIRAX-SARCO ENG ORD GBP0.269230769 GB 25,950 $2,364,934.70
TAIWAN SEMICONDUCTOR MFG LTD US TSM 26,741 $4,937,993.06
TECHTRONIC INDUSTRIES HK 201,000 $2,831,004.11
TENCENT HLDGS LIMI HKD0.00002 HK 53,200 $2,721,000.31
THERMO FISHER SCIENTIFIC INC COM US TMO 3,679 $1,948,508.77
TRANSUNION US TRU 37,622 $3,818,633.00
UNION PAC CORP US UNP 8,200 $2,006,212.00
US DOLLARS US USD 5,259,948.16 $5,259,948.16
VERTEX PHARMACEUTICALS INC US VRTX 4,352 $2,037,301.76
VISA INC US V 25,046 $7,891,493.68
WEST FRASER TIMBER COM NPV CA 27,512 $2,702,174.94

Investments will change over time.

A Word About Risk

All investments involve risks, including possible loss of principal. Funds whose investments are concentrated in foreign countries may be subject to fluctuating currency values, different accounting standards, and economic and political instability. The value of the fund may be affected by changes in exchange rates between foreign currencies and the U.S. dollar. Investments in emerging markets may be more volatile than investments in more developed markets.

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

$40.33

Daily $ Change

$0.23

Daily % Change

0.57%

as of 12/06/2024

CUSIP

302027172

Inception Date

11/16/2012

Investment Minimum

$50,000,000.00

This fund is available only for use within certain qualified employee benefit plans.

Important Documents

Applications & Forms
Fact Sheet
Annual Report

Investment Objective

To capture investment opportunities in U.S. and non-U.S. equities, including those from both developed and emerging countries.

Investment Strategy

This fund is managed using a bottom-up, opportunistic, core approach with top-down input. At least 90% of the portfolio is invested in equities, with a general range of 30% - 70% expected to be invested in securities of companies that are domiciled outside of the U.S. Holdings are selected security-by-security and consist of ordinary (local) shares, in addition to American Depository Receipts (ADRs). This portfolio may be diversified across investment styles, sectors, regions, and market capitalizations.

May be Appropriate for Investors

  • Seeking a long-term (15 years or more) investment and who are willing to accept potentially significant fluctuations in value (very high capital risk tolerance)
  • Seeking to add diversification to their retirement portfolio by adding a global equity component

Performance

As of 11/30/2024

YTD

17.05%

1 Year

22.77%

3 Year

6.50%

5 Year

12.38%

10 Year

11.08%

Inception
(05/01/2006)

8.59%

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 Global Equity CIT Class Z units is not the past performance of the Global Equity CIT Fund and is based on historical performance data for the Manning & Napier Global Equity Composite, which is a weighted average of discretionary separately managed accounts that are managed by Manning & Napier Advisors, LLC with a Global Equity objective.

Returns are estimated net of a model fee of 0.75%, which is the highest trustee fee for the Global Equity CIT Class Z units. Actual fees charged on accounts may vary.

Expense Ratio

Custom ---%

Top Ten Investments

As of 11/30/2024

AMAZON COM INC 4.05%
META PLATFORMS INC CL A 3.69%
MASTERCARD INCORPORATED CL A 3.37%
VISA INC 3.06%
ASTRAZENECA PLC 2.64%
MICROSOFT CORP 2.63%
NVIDIA CORP 2.37%
SERVICENOW INC 2.32%
INFINEON TECHNOLOGY 2.21%
ALPHABET INC CAP STK CL A 2.13%

Top Ten Investments list is unaudited and excludes cash

Security Description Country Ticker Shares/Par Market Value (USD)
ADMIRAL GROUP GB 101,633 $3,310,899.41
AIR LIQUIDE FR 28,907 $4,802,005.86
ALBEMARLE CORP US ALB 20,666 $2,225,728.20
ALCON INC ORD SHS US ALC 30,593 $2,718,188.05
ALPHABET INC CAP STK CL A US GOOGL 32,490 $5,489,185.50
AMAZON COM INC US AMZN 50,223 $10,440,859.47
APPLIED MATLS INC US AMAT 14,069 $2,457,994.99
ASTRAZENECA PLC US AZN 100,699 $6,809,266.38
ATLASSIAN CORPORATION CL A US TEAM 7,466 $1,967,888.28
AUTO TRADER GROUP ORD GBP1.50 GB 235,497 $2,511,365.79
AVANZA BANK HLDG NPV SE 51,077 $1,094,622.42
BAE SYSTEMS ORD GBP0.025 GB 316,887 $4,942,101.05
BLACKROCK INC COM US BLK 2,502 $2,559,045.60
CADENCE DESIGN SYSTEM INC US CDNS 16,271 $4,992,105.51
CANADIAN NATL RY CO US CNI 40,282 $4,499,096.58
CBRE GROUP INC US CBRE 31,985 $4,477,580.15
COCA COLA CO US KO 46,446 $2,976,259.68
COPART INC US CPRT 62,494 $3,961,494.66
CSX CORP US CSX 114,088 $4,169,916.40
DEUTSCHE BOERSE AG NPV(REGD) DE 19,938 $4,664,461.21
ELECTRONIC ARTS INC US EA 23,649 $3,870,631.83
EPAM SYS INC US EPAM 13,231 $3,227,305.52
EVERGY INC COM US EVRG 66,616 $4,305,392.08
EXPERIAN ORD USD0.10 GB 41,599 $1,983,319.08
EXTRA SPACE STORAGE INC US EXR 23,073 $3,944,560.08
FINECOBANK SPA EUR0.33 IT 78,667 $1,262,108.02
FISERV INC US FI 14,631 $3,232,865.76
GLOBANT S A US GLOB 19,591 $4,462,046.16
HALMA ORD GBP0.10 GB 78,352 $2,696,878.50
HDFC BANK LTD US HDB 79,560 $5,311,425.60
HENSOLDT AG NPV DE 50,930 $1,979,555.39
HERMES INTERNATIONAL S.C.A. FR 917 $2,000,025.60
IMCD NV EUR0.16 NL 17,372 $2,607,294.34
INFINEON TECHNOLOGY DE 175,326 $5,706,300.78
INTERCONTINENTAL EXCHANGE INC COM US ICE 8,063 $1,297,820.48
INTERMED CAP GRP ORD GBP0.2625 GB 77,604 $2,089,164.79
INTUITIVE SURGICAL INC US ISRG 3,558 $1,928,436.00
J P MORGAN CHASE AND CO US JPM 5,208 $1,300,541.76
JOHNSON AND JOHNSON US JNJ 24,307 $3,767,828.07
KEYENCE CORP JP 5,700 $2,456,330.53
L3HARRIS TECHNOLOGIES INC COM US LHX 15,611 $3,844,208.75
LONZA GROUP AG CHF1(REGD) CH 4,135 $2,470,674.23
LVMH FR 7,047 $4,410,002.03
MASCO CORP US MAS 40,817 $3,288,217.52
MASTERCARD INCORPORATED CL A US MA 16,318 $8,696,514.92
MERCADOLIBRE INC US MELI 1,442 $2,862,615.14
META PLATFORMS INC CL A US META 16,569 $9,515,908.08
MICROSOFT CORP US MSFT 15,985 $6,769,008.10
MOODYS CORP US MCO 6,857 $3,428,362.86
MSCI INC US MSCI 3,430 $2,091,030.90
NASDAQ STOCK MARKET INC US NDAQ 18,019 $1,495,396.81
NORTHROP GRUMMAN CORP US NOC 5,295 $2,592,696.75
NVIDIA CORP US NVDA 44,133 $6,101,387.25
ROCHE HLDGS AG GENUSSCHEINE NPV CH 15,750 $4,567,678.77
S AND P GLOBAL INC US SPGI 5,708 $2,982,487.08
SALESFORCE INC COM US CRM 9,519 $3,141,174.81
SERVICENOW INC US NOW 5,704 $5,986,005.76
SMC CORP JP 7,900 $3,342,317.81
SOCIEDAD QUIMICA MINERA DE C US SQM 101,410 $3,900,228.60
SONY CORP NPV JP 127,000 $2,542,790.56
SPIRAX-SARCO ENG ORD GBP0.269230769 GB 25,950 $2,364,934.70
TAIWAN SEMICONDUCTOR MFG LTD US TSM 26,741 $4,937,993.06
TECHTRONIC INDUSTRIES HK 201,000 $2,831,004.11
TENCENT HLDGS LIMI HKD0.00002 HK 53,200 $2,721,000.31
THERMO FISHER SCIENTIFIC INC COM US TMO 3,679 $1,948,508.77
TRANSUNION US TRU 37,622 $3,818,633.00
UNION PAC CORP US UNP 8,200 $2,006,212.00
US DOLLARS US USD 5,259,948.16 $5,259,948.16
VERTEX PHARMACEUTICALS INC US VRTX 4,352 $2,037,301.76
VISA INC US V 25,046 $7,891,493.68
WEST FRASER TIMBER COM NPV CA 27,512 $2,702,174.94

Investments will change over time.

A Word About Risk

All investments involve risks, including possible loss of principal. Funds whose investments are concentrated in foreign countries may be subject to fluctuating currency values, different accounting standards, and economic and political instability. The value of the fund may be affected by changes in exchange rates between foreign currencies and the U.S. dollar. Investments in emerging markets may be more volatile than investments in more developed markets.

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.

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