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

$18.93

Daily $ Change

-$0.16

Daily % Change

-0.85%

as of 04/19/2018

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

Annual Report
Fact Sheet
Applications & Forms

Annualized Performance

As of 03/31/2018

YTD

1.38%

1 Year

18.53%

3 Year

9.82%

5 Year

9.28%

10 Year

6.07%

Inception
(---)

---

Market Cycle

---

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. Performance data quoted represents past performance and does not guarantee future results. Your investment may fluctuate in value and there is a potential for loss as well as profit. 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 03/31/2018

BOOKING HOLDINGS INC 4.29%
MEDTRONIC INC 3.22%
DIAGEO PLC 2.50%
VISA INC - CLASS A SHARES 2.45%
JOHNSON & JOHNSON 2.35%
AMBEV SA-ADR 2.10%
SERVICENOW INC 2.03%
ELECTRONIC ARTS 2.03%
MICROSOFT CORP 1.90%
AMDOCS LTD 1.89%

Top Ten Investments list is unaudited and excludes cash

Sector Allocation

As of 03/31/2018

Consumer Discretionary 15.10%
Consumer Staples 13.39%
Energy 2.66%
Financials 5.04%
Health Care 21.76%
Industrials 5.10%
Information Technology 27.43%
Materials 5.59%
Real Estate 2.31%
Telecommunication Services 1.62%

The Global Industry Classification Standard (GICS) was developed by and is the exclusive property and a service mark of MSCI Inc. (MSCI) and Standard & Poor’s, a division of The McGraw-Hill Companies, Inc. (S&P) and is licensed for use by Manning & Napier when referencing GICS sectors. Nether MSCI, S&P nor any third party involved in making or compiling the GICS or any GICS classifications makes any express or implied warranties or representations with respect to such standard or classification nor shall any such party have any liability therefrom.

Country Allocation

As of 03/31/2018

United States 61.49%
United Kingdom 7.25%
Ireland 4.74%
Netherlands 3.63%
China 3.57%
Spain 3.43%
Brazil 3.27%
Germany 2.95%
Switzerland 2.73%
Canada 2.61%
Belgium 1.51%
Australia 0.87%
Italy 0.77%
France 0.67%
Japan 0.51%

March Fund Holdings

As of 03/31/2018

CUSIP Security Description Country Ticker Shares/Par Market Value (USD)
0045614 ANTOFAGASTA PLC GB ANTO LN 55,810 $721,557.93
00724F101 ADOBE SYS INC US ADBE 13,850 $2,992,708.00
01609W102 ALIBABA GROUP - ADR CN BABA 23,165 $4,251,704.10
02079K107 ALPHABET INC-CL C US GOOG 1,950 $2,011,990.50
02079K305 ALPHABET INC-CL A US GOOGL 1,940 $2,012,051.60
023135106 AMAZON.COM INC US AMZN 3,350 $4,848,589.00
02319V103 AMBEV SA-ADR BR ABEV 773,400 $5,622,618.00
0237400 DIAGEO PLC GB DGE LN 197,905 $6,693,074.58
03027X100 AMERICAN TOWER REIT INC US AMT 21,430 $3,114,636.20
053332102 AUTOZONE INC US AZO 3,865 $2,507,186.85
058498106 BALL CORP US BLL 88,470 $3,513,143.70
09061G101 BIOMARIN PHARMACEUTICAL INC US BMRN 50,020 $4,055,121.40
09062X103 BIOGEN IDEC INC US BIIB 8,165 $2,235,740.30
09247X101 BLACKROCK INC US BLK 4,020 $2,177,714.40
09857L108 BOOKING HOLDINGS INC US BKNG 5,530 $11,504,556.70
110122108 BRISTOL MYERS SQUIBB CO US BMY 29,685 $1,877,576.25
110448107 BRITISH AMERICAN TOB-SP ADR GB BTI 43,470 $2,507,784.30
12508E101 CDK GLOBAL INC US CDK 30,815 $1,951,822.10
134429109 CAMPBELL SOUP CO US CPB 54,555 $2,362,777.05
191216100 COCA COLA CO/THE US KO 44,400 $1,928,292.00
2347608 FIRST QUANTUM MINERALS LTD CA FM CN 49,535 $695,531.61
23918K108 DAVITA INC. US DVA 72,665 $4,791,530.10
25271C102 DIAMOND OFFSHORE DRILLING US DO 59,945 $878,793.70
253393102 DICK'S SPORTING GOODS INC US DKS 88,030 $3,085,451.50
269246401 ETRADE FINANCIAL CORP US ETFC 55,325 $3,065,558.25
2715777 QUEBECOR INC -CL B CA QBR/B CN 58,850 $1,125,063.45
2801836 SHAW COMMUNICATIONS INC-B CA SJR/B CN 54,375 $1,047,531.73
285512109 ELECTRONIC ARTS US EA 44,795 $5,430,945.80
2866857 LUNDIN MINING CORP CA LUN CN 105,575 $692,442.85
294429105 EQUIFAX INC US EFX 18,120 $2,134,717.20
298736109 EURONET WORLDWIDE INC US EEFT 23,935 $1,888,950.20
30303M102 FACEBOOK INC -A US FB 24,185 $3,864,521.15
31428X106 FEDEX CORPORATION US FDX 12,715 $3,052,998.65
35671D857 FREEPORT-MCMORAN INC US FCX 98,760 $1,735,213.20
371559105 GENESEE & WYOMING INC -CL A US GWR 28,115 $1,990,260.85
45337C102 INCYTE CORP US INCY 41,910 $3,492,360.30
46120E602 INTUITIVE SURGICAL INC US ISRG 6,925 $2,858,847.75
478160104 JOHNSON & JOHNSON US JNJ 49,185 $6,303,057.75
5107401 BEIERSDORF AG DE BEI GR 19,085 $2,162,859.72
5129074 FRESENIUS MEDICAL DE FME GR 27,045 $2,762,183.18
5458314 AKZO NOBEL NL AKZA NA 32,810 $3,099,988.20
550021109 LULULEMON - ADR CA LULU 38,560 $3,436,467.20
57636Q104 MASTERCARD INC-CLASS A US MA 27,255 $4,773,985.80
58933Y105 MERCK & CO INC US MRK 30,810 $1,678,220.70
594918104 MICROSOFT CORP US MSFT 55,780 $5,091,040.60
609207105 MONDELEZ INTERNATIONAL INC US MDLZ 50,555 $2,109,660.15
64110W102 NETEASE.COM INC- ADR CN NTES 9,095 $2,550,147.05
654106103 NIKE INC CLASS B US NKE 44,570 $2,961,230.80
66987V109 NOVARTIS AG- REG CH NVS 40,885 $3,305,552.25
67103H107 O'REILLY AUTOMOTIVE INC US ORLY 19,480 $4,818,962.40
7123870 NESTLE SA-REGISTERED CH NESN SW 50,790 $4,014,519.22
74736K101 QORVO INC US QRVO 67,885 $4,782,498.25
75886F107 REGENERON PHARMACEUTICALS INC US REGN 8,825 $3,038,977.00
7759435 ILIAD SA FR ILD FP 8,635 $1,787,657.37
78410G104 SBA COMMUNICATIONS CORP US SBAC 17,975 $3,072,287.00
806857108 SCHLUMBERGER LTD NL SLB 67,765 $4,389,816.70
808513105 CHARLES SCHWAB CORP/THE US SCHW 54,865 $2,865,050.30
81211K100 SEALED AIR CORP US SEE 46,600 $1,994,014.00
812578102 SEATTLE GENETICS INC US SGEN 52,660 $2,756,224.40
81762P102 SERVICENOW INC US NOW 32,870 $5,438,341.50
83088M102 SKYWORKS SOLUTIONS INC US SWKS 32,065 $3,214,836.90
84265V105 SOUTHERN COPPER CORPORATION US SCCO 21,105 $1,143,468.90
857949BL0 SS INT BEARING FD .022% 01/02/15 US 9,297,273.94 $9,297,273.94
882508104 TEXAS INSTRUMENTS INC US TXN 19,140 $1,988,454.60
883556102 THERMO FISHER SCIENTIFIC INC US TMO 14,075 $2,905,924.50
90384S303 ULTA BEAUTY INC US ULTA 13,525 $2,762,751.75
904767704 UNILEVER PLC - ADR GB UL 79,605 $4,422,853.80
92532F100 VERTEX PHARMACEUTICALS INC US VRTX 8,100 $1,320,138.00
92826C839 VISA INC - CLASS A SHARES US V 54,920 $6,569,530.40
98919V105 ZAYO GROUP HOLDINGS INC US ZAYO 75,110 $2,565,757.60
B283W97 CAIXABANK S.A ES CABK SM 427,490 $2,038,128.57
B4YVF56 BRENNTAG AG DE BNR GR 50,230 $2,990,302.08
B63QM77 NEXON CO LTD JP 3659 JP 80,600 $1,366,467.21
BMMV2K8 TENCENT HOLDINGS LTD CN 700 HK 51,535 $2,766,376.62
BNGN9Z1 FINECOBANK SPA IT FBK IM 171,960 $2,069,760.59
BP9DL90 INDUSTRIA DE DISENO TEXTIL ES ITX SM 75,445 $2,371,891.53
BVRZ8L1 AENA SA ES AENA SM 17,295 $3,487,427.76
BYXS699 QIAGEN N.V. NL QIA GR 68,805 $2,224,354.30
BYYHL23 ANHEUSER-BUSCH INBEV SA/NV BE ABI BB 36,855 $4,052,092.45
BZ3C3Q4 BANKIA SA ES BKIA SM 287,680 $1,290,521.13
G02602103 AMDOCS LTD GG DOX 76,070 $5,075,390.40
G06242104 ATLASSIAN CORP PLC-CLASS A AU TEAM 43,085 $2,323,143.20
G0750C108 AXALTA COATING SYSTEMS LTD US AXTA 45,535 $1,374,701.65
G3157S106 ENSCO INTERNATIONAL INC US ESV 84,460 $370,779.40
G5960L103 MEDTRONIC INC IE MDT 107,720 $8,641,298.40
G68707101 PAGSEGURO DIGITAL LTD-CL A BR PAGS 82,265 $3,152,394.80
G97822103 PERRIGO CO PLC IE PRGO 48,850 $4,071,159.00
H8817H100 TRANSOCEAN LTD US RIG 151,275 $1,497,622.50

Investments will change over time.

Daily Price

$18.93

Daily $ Change

-$0.16

Daily % Change

-0.85%

as of 04/19/2018

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

Annual Report
Fact Sheet
Applications & Forms

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

Annualized Performance

As of 03/31/2018

YTD

1.38%

1 Year

18.53%

3 Year

9.82%

5 Year

9.28%

10 Year

6.07%

Inception
(---)

---

Market Cycle

---

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. Performance data quoted represents past performance and does not guarantee future results. Your investment may fluctuate in value and there is a potential for loss as well as profit. 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 03/31/2018

BOOKING HOLDINGS INC 4.29%
MEDTRONIC INC 3.22%
DIAGEO PLC 2.50%
VISA INC - CLASS A SHARES 2.45%
JOHNSON & JOHNSON 2.35%
AMBEV SA-ADR 2.10%
SERVICENOW INC 2.03%
ELECTRONIC ARTS 2.03%
MICROSOFT CORP 1.90%
AMDOCS LTD 1.89%

Top Ten Investments list is unaudited and excludes cash

Sector Allocation

As of 03/31/2018

Consumer Discretionary
15.10%
Consumer Staples
13.39%
Energy
2.66%
Financials
5.04%
Health Care
21.76%
Industrials
5.10%
Information Technology
27.43%
Materials
5.59%
Real Estate
2.31%
Telecommunication Services
1.62%

The Global Industry Classification Standard (GICS) was developed by and is the exclusive property and a service mark of MSCI Inc. (MSCI) and Standard & Poor’s, a division of The McGraw-Hill Companies, Inc. (S&P) and is licensed for use by Manning & Napier when referencing GICS sectors. Nether MSCI, S&P nor any third party involved in making or compiling the GICS or any GICS classifications makes any express or implied warranties or representations with respect to such standard or classification nor shall any such party have any liability therefrom.

Country Allocation

As of 03/31/2018

United States
61.49%
United Kingdom
7.25%
Ireland
4.74%
Netherlands
3.63%
China
3.57%
Spain
3.43%
Brazil
3.27%
Germany
2.95%
Switzerland
2.73%
Canada
2.61%
Belgium
1.51%
Australia
0.87%
Italy
0.77%
France
0.67%
Japan
0.51%

March Fund Holdings

As of 03/31/2018

CUSIP Security Description Country Ticker Shares/Par Market Value (USD)
0045614 ANTOFAGASTA PLC GB ANTO LN 55,810 $721,557.93
00724F101 ADOBE SYS INC US ADBE 13,850 $2,992,708.00
01609W102 ALIBABA GROUP - ADR CN BABA 23,165 $4,251,704.10
02079K107 ALPHABET INC-CL C US GOOG 1,950 $2,011,990.50
02079K305 ALPHABET INC-CL A US GOOGL 1,940 $2,012,051.60
023135106 AMAZON.COM INC US AMZN 3,350 $4,848,589.00
02319V103 AMBEV SA-ADR BR ABEV 773,400 $5,622,618.00
0237400 DIAGEO PLC GB DGE LN 197,905 $6,693,074.58
03027X100 AMERICAN TOWER REIT INC US AMT 21,430 $3,114,636.20
053332102 AUTOZONE INC US AZO 3,865 $2,507,186.85
058498106 BALL CORP US BLL 88,470 $3,513,143.70
09061G101 BIOMARIN PHARMACEUTICAL INC US BMRN 50,020 $4,055,121.40
09062X103 BIOGEN IDEC INC US BIIB 8,165 $2,235,740.30
09247X101 BLACKROCK INC US BLK 4,020 $2,177,714.40
09857L108 BOOKING HOLDINGS INC US BKNG 5,530 $11,504,556.70
110122108 BRISTOL MYERS SQUIBB CO US BMY 29,685 $1,877,576.25
110448107 BRITISH AMERICAN TOB-SP ADR GB BTI 43,470 $2,507,784.30
12508E101 CDK GLOBAL INC US CDK 30,815 $1,951,822.10
134429109 CAMPBELL SOUP CO US CPB 54,555 $2,362,777.05
191216100 COCA COLA CO/THE US KO 44,400 $1,928,292.00
2347608 FIRST QUANTUM MINERALS LTD CA FM CN 49,535 $695,531.61
23918K108 DAVITA INC. US DVA 72,665 $4,791,530.10
25271C102 DIAMOND OFFSHORE DRILLING US DO 59,945 $878,793.70
253393102 DICK'S SPORTING GOODS INC US DKS 88,030 $3,085,451.50
269246401 ETRADE FINANCIAL CORP US ETFC 55,325 $3,065,558.25
2715777 QUEBECOR INC -CL B CA QBR/B CN 58,850 $1,125,063.45
2801836 SHAW COMMUNICATIONS INC-B CA SJR/B CN 54,375 $1,047,531.73
285512109 ELECTRONIC ARTS US EA 44,795 $5,430,945.80
2866857 LUNDIN MINING CORP CA LUN CN 105,575 $692,442.85
294429105 EQUIFAX INC US EFX 18,120 $2,134,717.20
298736109 EURONET WORLDWIDE INC US EEFT 23,935 $1,888,950.20
30303M102 FACEBOOK INC -A US FB 24,185 $3,864,521.15
31428X106 FEDEX CORPORATION US FDX 12,715 $3,052,998.65
35671D857 FREEPORT-MCMORAN INC US FCX 98,760 $1,735,213.20
371559105 GENESEE & WYOMING INC -CL A US GWR 28,115 $1,990,260.85
45337C102 INCYTE CORP US INCY 41,910 $3,492,360.30
46120E602 INTUITIVE SURGICAL INC US ISRG 6,925 $2,858,847.75
478160104 JOHNSON & JOHNSON US JNJ 49,185 $6,303,057.75
5107401 BEIERSDORF AG DE BEI GR 19,085 $2,162,859.72
5129074 FRESENIUS MEDICAL DE FME GR 27,045 $2,762,183.18
5458314 AKZO NOBEL NL AKZA NA 32,810 $3,099,988.20
550021109 LULULEMON - ADR CA LULU 38,560 $3,436,467.20
57636Q104 MASTERCARD INC-CLASS A US MA 27,255 $4,773,985.80
58933Y105 MERCK & CO INC US MRK 30,810 $1,678,220.70
594918104 MICROSOFT CORP US MSFT 55,780 $5,091,040.60
609207105 MONDELEZ INTERNATIONAL INC US MDLZ 50,555 $2,109,660.15
64110W102 NETEASE.COM INC- ADR CN NTES 9,095 $2,550,147.05
654106103 NIKE INC CLASS B US NKE 44,570 $2,961,230.80
66987V109 NOVARTIS AG- REG CH NVS 40,885 $3,305,552.25
67103H107 O'REILLY AUTOMOTIVE INC US ORLY 19,480 $4,818,962.40
7123870 NESTLE SA-REGISTERED CH NESN SW 50,790 $4,014,519.22
74736K101 QORVO INC US QRVO 67,885 $4,782,498.25
75886F107 REGENERON PHARMACEUTICALS INC US REGN 8,825 $3,038,977.00
7759435 ILIAD SA FR ILD FP 8,635 $1,787,657.37
78410G104 SBA COMMUNICATIONS CORP US SBAC 17,975 $3,072,287.00
806857108 SCHLUMBERGER LTD NL SLB 67,765 $4,389,816.70
808513105 CHARLES SCHWAB CORP/THE US SCHW 54,865 $2,865,050.30
81211K100 SEALED AIR CORP US SEE 46,600 $1,994,014.00
812578102 SEATTLE GENETICS INC US SGEN 52,660 $2,756,224.40
81762P102 SERVICENOW INC US NOW 32,870 $5,438,341.50
83088M102 SKYWORKS SOLUTIONS INC US SWKS 32,065 $3,214,836.90
84265V105 SOUTHERN COPPER CORPORATION US SCCO 21,105 $1,143,468.90
857949BL0 SS INT BEARING FD .022% 01/02/15 US 9,297,273.94 $9,297,273.94
882508104 TEXAS INSTRUMENTS INC US TXN 19,140 $1,988,454.60
883556102 THERMO FISHER SCIENTIFIC INC US TMO 14,075 $2,905,924.50
90384S303 ULTA BEAUTY INC US ULTA 13,525 $2,762,751.75
904767704 UNILEVER PLC - ADR GB UL 79,605 $4,422,853.80
92532F100 VERTEX PHARMACEUTICALS INC US VRTX 8,100 $1,320,138.00
92826C839 VISA INC - CLASS A SHARES US V 54,920 $6,569,530.40
98919V105 ZAYO GROUP HOLDINGS INC US ZAYO 75,110 $2,565,757.60
B283W97 CAIXABANK S.A ES CABK SM 427,490 $2,038,128.57
B4YVF56 BRENNTAG AG DE BNR GR 50,230 $2,990,302.08
B63QM77 NEXON CO LTD JP 3659 JP 80,600 $1,366,467.21
BMMV2K8 TENCENT HOLDINGS LTD CN 700 HK 51,535 $2,766,376.62
BNGN9Z1 FINECOBANK SPA IT FBK IM 171,960 $2,069,760.59
BP9DL90 INDUSTRIA DE DISENO TEXTIL ES ITX SM 75,445 $2,371,891.53
BVRZ8L1 AENA SA ES AENA SM 17,295 $3,487,427.76
BYXS699 QIAGEN N.V. NL QIA GR 68,805 $2,224,354.30
BYYHL23 ANHEUSER-BUSCH INBEV SA/NV BE ABI BB 36,855 $4,052,092.45
BZ3C3Q4 BANKIA SA ES BKIA SM 287,680 $1,290,521.13
G02602103 AMDOCS LTD GG DOX 76,070 $5,075,390.40
G06242104 ATLASSIAN CORP PLC-CLASS A AU TEAM 43,085 $2,323,143.20
G0750C108 AXALTA COATING SYSTEMS LTD US AXTA 45,535 $1,374,701.65
G3157S106 ENSCO INTERNATIONAL INC US ESV 84,460 $370,779.40
G5960L103 MEDTRONIC INC IE MDT 107,720 $8,641,298.40
G68707101 PAGSEGURO DIGITAL LTD-CL A BR PAGS 82,265 $3,152,394.80
G97822103 PERRIGO CO PLC IE PRGO 48,850 $4,071,159.00
H8817H100 TRANSOCEAN LTD US RIG 151,275 $1,497,622.50

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 45 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.


Loading...