Collective Investment Trusts

Pro-Mix® Conservative Term CIT

Investment Objective

To provide capital preservation, with income and capital growth as secondary objectives.

Investment Strategy

The portfolio is invested in a conservative mix of securities that seeks stability with some growth and income potential. Holdings are diversified primarily among fixed income securities, typically focusing on short to intermediate-term maturities. Stock investments may be focused on dividend paying securities in pursuit of growth opportunities and income generation.

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 seek to minimize declines in account value with the potential for modest growth and income generation
  • Who want to assume a minimal amount of capital risk through limited stock exposure

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.

Learn more about our Pro-Mix® Series

Daily Price

$33.49

Daily $ Change

$0.12

Daily % Change

0.36%

as of 04/23/2024

CUSIP

563821149

Inception Date

01/01/2000

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

Important Documents

Applications & Forms
Fact Sheet
Annual Report

Performance

As of 03/31/2024

YTD

0.65%

1 Year

5.46%

3 Year

0.56%

5 Year

3.92%

10 Year

3.45%

Inception
(01/01/2000)

5.18%

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.

Returns are net of Pro-Mix® CIT Class S expenses.

Expense Ratio

Gross 0.88%
Net 0.85%*

*Reflects the Trustee’s contractual agreement to limit fees and voluntary agreement to reimburse certain expenses.

Top Ten Investments

As of 03/31/2024

TREASURY NOTES 26.00%
GOVERNMENT AGENCY 20.04%
TSY INFL IX N/B 2.37500 01/15/2027 2.54%
TREASURY BONDS 2.06%
ISHARES BROAD USD HIGH YIELD 2.43400 1.78%
TENCENT HOLDINGS 3.97500 04/11/2029 1.56%
JPMORGAN CHASE & CO 4.49300 03/24/2031 1.08%
JPMMT 2019-INV3 A3 MTGE 3.50000 05/25/2050 0.93%
SLMA 2008-4 A4 7.27250 07/25/2022 0.91%
SLMA 2008-3 A3 6.62250 10/25/2021 0.91%

This investment list is unaudited and excludes cash.

Asset Allocation

As of 03/31/2024

Bonds
83.67%
Stocks
15.45%
Cash
0.88%

Detailed Asset Class Allocation

As of 03/31/2024

International Equities
4.57%
Small Capitalization
0.09%
Mid Capitalization
0.92%
Large Capitalization
9.87%
Long Term Fixed Income
13.70%
Intermediate Term Fixed Income
51.72%
Short Term Fixed Income
18.25%
Cash
0.88%

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 1,190 $42,646.91
ADMIRAL GROUP PLC ADR GB AMIGY 4,420 $158,236.00
AERCAP IRELAND CAP/GLOBA 3.00000 10/29/2028 IE 420,000 $380,462.86
AGREE REALTY CORP US ADC 380 $21,705.60
AIR LIQUIDE FR AI FP 138 $28,710.72
AIRBUS SE FR AIR FP 174 $32,055.81
ALASKA AIR 2020-1 CL B 8.00000 08/15/2025 US 20,712.58 $21,085.42
ALCON INC CH ALC 2,251 $187,485.79
ALIBAB GROUP HOLDINGS 2.12500 02/09/2031 KY 240,000 $199,519.90
ALIBABA GROUP HOLDING 4.00000 12/06/2037 KY 930,000 $807,928.98
ALPHABET INC-CL A US GOOGL 3,868 $583,797.24
AMAZON.COM INC US AMZN 4,532 $817,482.16
AMAZON.COM INC 3.30000 04/13/2027 US 185,000 $177,978.22
AMERICAN HOMES 4 RENT- A US AMH 612 $22,509.36
AMERICAN TOWER REIT INC US AMT 143 $28,255.37
AMERICOLD REALTY TRUST US COLD 489 $12,185.88
ASHTEAD CAPITAL INC 4.00000 05/01/2028 US 430,000 $404,359.13
ASTRAZENECA GB AZN 5,044 $341,731.00
ATLASSIAN CORP PLC-CLASS A AU TEAM 82 $15,999.02
AUCKLAND INTL AIRPORT LTD NZ AIA NZ 4,011 $20,009.71
AUTO TRADER GROUP PLC GB AUTO LN 2,480 $21,900.67
AVALONBAY COMMUNITIES INC US AVB 163 $30,246.28
AVANZA BANK HOLDING AB SE AZA SS 510 $10,994.07
BAE SYSTEMS PLC GB BA/ LN 1,465 $24,971.55
BAE SYSTEMS PLC -SPON ADR GB BAESY 3,106 $215,401.10
BANK OF AMERICA CORP 2.68700 04/22/2032 US 730,000 $617,558.02
BEIERSDORF AG DE BEI GR 217 $31,594.59
BIOMARIN PHARMACEUTICAL INC US BMRN 2,980 $260,273.20
BNSF FUNDING TRUST I 6.61300 12/15/2055 US 380,000 $377,358.84
BORR IHC LTD 10.00000 11/15/2028 MUL 200,000 $208,830.87
BRENNTAG AG DE BNR GR 157 $13,232.12
BROOGE PETROLEUM AND GAS 8.50000 09/24/2025 AE 165,000 $116,241.43
CANADIAN NATIONAL RAILWAY CO CA CNI 2,121 $279,356.91
CAPITAL ONE FINANCIAL CO 5.70000 02/01/2030 US 810,000 $816,807.04
CBSLT 2019-AGS A1 MTGE 2.54000 01/25/2047 US 121,386.95 $108,959.93
CELLNEX TELECOM SA ES CLNX SM 776 $27,450.77
CELLNEX TELECOM SAU-UNSP ADR ES CLLNY 918 $16,175.16
CENOVUS ENERGY INC 6.75000 11/15/2039 CA 510,000 $563,122.09
CIM 2019-INV1 A1 4.00000 02/25/2049 US 8,972.37 $8,533.11
CITIGROUP INC 1.46200 06/09/2027 US 620,000 $569,635.94
CLARK CNTY NV 1.51000 11/01/2028 US 800,000 $689,322.87
CLEANAWAY WASTE MANAGEMENT AU CWY AU 14,353 $25,431.68
COCA COLA CO/THE US KO 7,829 $478,978.22
COLO 2021-2A A2 MTGE 2.40000 10/25/2051 US 410,000 $367,678.78
COLO 2023 - 1A A2 MTGE 5.11600 02/25/2053 US 325,000 $309,279.68
CONSTELLATION BRANDS INC-A US STZ 856 $232,626.56
COPART INC US CPRT 5,199 $301,126.08
CROWN CASTLE INTL CORP US CCI 125 $13,228.75
CSMC 2013-IVR3 A1 2.50000 05/25/2043 US 103,680.3 $89,484.76
CSMC 2013-TH1 A1 2.13000 02/25/2043 US 62,513.87 $52,055.94
CSX CORP US CSX 6,138 $227,535.66
DEUTSCHE BOERSE AG DE DB1 GR 200 $40,957.99
DEUTSCHE BOERSE AG ADR DE DBOEY 10,919 $223,075.17
DIAGEO PLC GB DGE LN 315 $11,655.70
DIGITAL REALTY TRUST INC US DLR 94 $13,539.76
DIGITALBRIDGE GROUP INC US DBRG 652 $12,564.04
DOLLARAMA INC CA DOL CN 244 $18,587.99
ELECTRONIC ARTS US EA 2,795 $370,812.65
ENERGY TRANSFER LP 7.37500 02/01/2031 US 385,000 $403,554.72
ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 US 575,000 $611,057.88
EQUINIX INC US EQIX 137 $113,070.21
EQUITY COMMONWEALTH US EQC 604 $11,403.52
EQUITY LIFESTYLE PROPERTIES US ELS 406 $26,146.40
EQUITY RESIDENTIAL US EQR 250 $15,777.50
EVERGY INC US EVRG 4,129 $220,406.02
EXPERIAN PLC IE EXPN LN 535 $23,311.53
EXTRA SPACE STORAGE INC US EXR 182 $26,754.00
FEDERAL NATL MTG ASSN 745932 6.50000 11/01/2036 US 3,497.54 $3,700.73
FEDERAL NATL MTG ASSN 899735 6.50000 09/01/2037 US 3,033.79 $3,217.50
FEDERAL NATL MTG ASSN 941175 6.00000 11/01/2037 US 574.94 $600.72
FEDERAL NATL MTG ASSN 949709 6.50000 09/01/2037 US 12,042.99 $12,771.46
FEDERAL NATL MTG ASSN 954580 6.00000 02/01/2038 US 7,424.17 $7,756.89
FEDERAL NATL MTG ASSN 962276 6.00000 03/01/2038 US 1,918.08 $2,004.39
FEDERAL NATL MTG ASSN 962981 6.00000 05/01/2038 US 3,162.58 $3,304.76
FEDERAL NATL MTG ASSN 981635 5.00000 06/01/2038 US 1,291.47 $1,296.15
FEDERAL NATL MTG ASSN 981650 5.00000 06/01/2038 US 1,481.13 $1,486.57
FEDERAL NATL MTG ASSN AD0220 6.00000 10/01/2038 US 11,282.22 $11,788.07
FEDERAL NATL MTG ASSN AH5442 4.50000 05/01/2041 US 83,667.51 $81,998.96
FEDERAL NATL MTG ASSN AL6624 4.50000 09/01/2042 US 29,790.05 $29,197.82
FEDERAL NATL MTG ASSN AL8674 FLT 5.64300 01/01/2049 US 236,403.41 $243,724.70
FEDERAL NATL MTG ASSN AS4103 4.50000 12/01/2044 US 223,602.95 $218,508.16
FEDERAL NATL MTG ASSN BC8677 4.00000 05/01/2046 US 93,496.44 $88,354.11
FEDERAL NATL MTG ASSN BK0433 3.50000 12/01/2049 US 624,077.01 $561,613.20
FEDERAL NATL MTG ASSN BW1194 4.00000 09/01/2052 US 326,565.09 $302,658.21
FEDERAL NATL MTG ASSN BW9887 5.00000 10/01/2052 US 895,016.36 $875,062.88
FEDERAL NATL MTG ASSN CA5518 3.00000 04/01/2050 US 1,205,554.32 $1,055,063.44
FEDERAL NATL MTG ASSN CB4831 4.50000 10/01/2052 US 1,018,140.79 $971,921.02
FEDERAL NATL MTG ASSN FN FS1179 3.50000 12/01/2049 US 590,673.11 $538,395.10
FEDERAL NATL MTG ASSN FN MA3184 4.50000 11/01/2047 US 103,669.06 $100,610.94
FEDERAL NATL MTG ASSN FN MA3412 3.50000 07/01/2038 US 53,599.77 $50,497.63
FEDERAL NATL MTG ASSN FN MA4687 4.00000 06/01/2042 US 620,525.88 $587,388.59
FEDERAL NATL MTG ASSN FS2998 3.50000 04/01/2052 US 610,247.58 $553,135.28
FEDERAL NATL MTG ASSN FS4511 4.00000 08/01/2051 US 1,105,684.51 $1,039,194.37
FEDERAL NATL MTG ASSN MA0258 4.50000 12/01/2039 US 5,082.6 $4,991.37
FEDERAL NATL MTG ASSN MA1834 4.50000 02/01/2034 US 67,648.51 $66,677.38
FEDERAL NATL MTG ASSN MA1903 4.50000 05/01/2034 US 56,889.49 $56,073.96
FEDERAL NATL MTG ASSN MA4600 3.50000 05/01/2052 US 674,886.63 $605,281.56
FEDERAL NATL MTG ASSN MA4644 4.00000 05/01/2052 US 653,433.07 $605,597.14
FEDERAL NATL MTG ASSN SD8044 3.00000 02/01/2050 US 625,419.99 $546,045.28
FEDERAL NATL MTG ASSN SD8276 5.00000 12/01/2052 US 415,347.29 $405,765.50
FEDERAL NATL MTG FN MA4203 2.50000 12/01/2040 US 704,640.06 $617,020.01
FHLM GOLD POOL FG G08786 4.50000 10/01/2047 US 106,800.79 $103,786.31
FHLM GOLD POOL FG Q51334 4.00000 10/01/2047 US 92,341.99 $87,155.23
FHLM POOL C91746 4.50000 12/01/2033 US 12,701.74 $12,534.76
FHLM POOL FG G08734 4.00000 11/01/2046 US 12,336.99 $11,673.33
FHLM POOL G05906 6.00000 04/01/2040 US 3,820.54 $3,996.87
FHLM POOL G06789 6.00000 05/01/2040 US 50,645.04 $52,982.50
FHLM POOL Q93451 4.50000 08/01/2040 US 155,605.02 $152,874.88
FHLM POOL SD8230 4.50000 06/01/2052 US 639,389.53 $610,543.40
FINECOBANK SPA IT FBK IM 817 $12,236.04
FIRST INDUSTRIAL REALTY TR US FR 166 $8,721.64
FLAGSHIP COMMUNITIES REIT UT US MHC/U CN 762 $13,121.64
FLX 2021-1A A2 3.25000 11/27/2051 US 670,000 $607,223.07
FN FS4339 MTGE 3.00000 12/01/2050 US 730,083.96 $639,317.76
FN FS4616 MTGE 5.00000 05/01/2043 US 821,311.74 $816,425.12
FN FS4925 MTGE 3.50000 04/01/2052 US 881,966.44 $799,424.32
FN MA4020 MTGE 3.00000 05/01/2050 US 932,481.52 $812,943.44
FN MA4807 MTGE 5.50000 11/01/2052 US 560,871.91 $559,115.49
FN MA4868 MTGE 5.00000 01/01/2053 US 298,709.16 $291,818.14
FN MA4934 MTGE 5.00000 02/01/2043 US 797,120.4 $790,635.47
FNR 2018-31 KP 3.50000 07/25/2047 US 7,237.09 $7,041.52
FR QG6308 MTG 6.00000 07/01/2053 US 613,641.13 $621,678.06
FR RJ0062 MTGE 5.00000 10/01/2053 US 462,059.68 $452,503.42
FR SD1360 MTGE 5.50000 07/01/2052 US 809,036.32 $807,179.82
FREDDIE MAC POOL RB5167 3.50000 07/01/2042 US 608,301.08 $561,305.87
FREDDIE MAC POOL RB5188 4.00000 10/01/2042 US 610,984.34 $578,356.59
GLOBANT SA LU GLOB 97 $19,584.30
GNMA POOL 660997 5.50000 05/15/2037 US 17,907.54 $18,356.94
GNR 2017-54 AH MTGE 2.60000 12/16/2056 US 50,357.54 $45,600.31
GOLDEN PEAR FUND HOLDCO 10.00000 03/02/2028 US 50,000 $42,088.71
GOODMAN GROUP AU GMG AU 564 $12,423.40
GSMBS 2021-INV1 A9 5.00000 12/25/2051 US 368,531.08 $340,608.03
GSMBS 2021-PJ6 A8 2.50000 11/25/2051 US 718,459.61 $632,574.74
GSMBS 2021-PJ9 A8 2.50000 02/26/2052 US 267,947.84 $230,926.22
HALMA PLC GB HLMA LN 1,186 $35,414.41
HAWAII ST 2.68200 10/01/2038 US 380,000 $294,560.36
HDFC BANK LTD-ADR IN HDB 6,169 $345,278.93
HEINEKEN NV NL HEIA NA 404 $38,948.69
HEINEKEN NV-SPN ADR NL HEINY 7,225 $349,184.25
HELIOS TOWERS PLC GB HTWS LN 8,123 $9,676.69
HOTWIRE FUNDING LLC 5.68700 05/20/2053 US 500,000 $489,605.85
HUMANA INC US HUM 416 $144,235.52
IMCD NV NL IMCD NA 209 $36,786.11
IMPRL 2021-NQM3 1.59500 11/25/2056 US 315,887.79 $262,216.10
INFRABUILD AUTRALIA PTY 14.50000 11/15/2028 AU 85,000 $88,149.22
INTERCONTINENTALEXCHANGE INC US ICE 1,626 $223,461.18
INTERMEDIATE CAPITAL GROUP GB ICP LN 933 $24,166.09
INTUITIVE SURGICAL INC US ISRG 536 $213,912.24
INVITATION HOMES INC US INVH 1,101 $39,206.61
ISHARES BROAD USD HIGH YIELD 2.43400 US 46,175 $1,689,543.25
ITALY GOV'T INT BOND 2.37500 10/17/2024 IT 100,000 $98,269.71
JAPAN (2 YEAR ISSUE) 0.10000 01/01/2026 JP 55,000,000 $362,877.25
JOHNSON & JOHNSON US JNJ 2,739 $433,282.41
JPMMT 2014-2 1A1 3.00000 06/25/2029 US 58,305.85 $55,881.79
JPMMT 2019-INV3 A3 MTGE 3.50000 05/25/2050 US 1,017,254.91 $886,966.05
JPMORGAN CHASE & CO 4.49300 03/24/2031 US 1,060,000 $1,025,202.51
KEYENCE CORP JP 6861 JP 100 $46,426.09
KEYWORDS STUDIOS PLC IE KWS LN 782 $12,850.76
L'OREAL FR OR FP 12 $5,682.86
L3HARRIS TECHNOLOGIES INC US LHX 2,102 $447,936.20
LEXINGTON REALTY TRUST US LXP 2,709 $24,435.18
LONZA GROUP AG -REG CH LONN SW 55 $32,867.92
LONZA GROUP AG ADR CH LZAGY 704 $42,176.64
MARRIOTT VACATIONS WORLD US VAC 106 $11,419.38
MASCO CORP US MAS 2,301 $181,502.88
MASSMUTUAL GLOBAL FUNDING 4.85000 01/17/2029 US 200,000 $198,994.05
MASTERCARD INC-CLASS A US MA 1,348 $649,156.36
MEDTRONIC INC IE MDT 1,917 $167,066.55
MERCADOLIBRE INC BR MELI 16 $24,191.36
MET LIFE GLOB FUNDING I 4.85000 01/08/2029 US 200,000 $198,557.00
META PLATFORMS INC US META 859 $417,113.22
MEX BONOS DESARR FIX RT 7.75000 05/29/2031 MX 350,000 $19,404.69
MICRON TECHNOLOGY INC US MU 4,603 $542,647.67
MICROSOFT CORP US MSFT 615 $258,742.80
MID-AMERICA APARTMENT COMM US MAA 69 $9,079.02
MONARCH CASINO & RESORT INC US MCRI 198 $14,848.02
MONDELEZ INTERNATIONAL INC US MDLZ 2,196 $153,720.00
MOODY'S CORPORATION US MCO 790 $310,493.70
NAVIENT CORP 6.75000 06/25/2025 US 95,000 $95,605.97
NESTLE S.A. - ADR CH NSRGY 3,249 $345,043.80
NESTLE SA-REGISTERED CH NESN SW 320 $33,999.99
NEW FORTRESS ENERGY INC 8.75000 03/15/2029 US 95,000 $94,673.75
NEW YORK LIFE GLOBAL FDG 4.70000 01/29/2029 US 200,000 $197,914.28
NEWCASTLE COAL INFRASTRU 4.40000 09/29/2027 AU 428,604.12 $405,544.38
NORTHROP GRUMMAN CORP US NOC 519 $248,424.54
NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 CA 135,000 $1.35
NOVARTIS AG- REG CH NVS 1,906 $184,367.38
NRG 7.467 07/31/28 CORP 7.46700 07/31/2028 US 350,000 $370,046.48
NRZT 2014-3A AFX3 3.75000 11/25/2054 US 107,558.28 $100,346.87
NRZT 2015-2A A1 3.75000 08/25/2055 US 117,395.13 $109,064.67
NRZT 2016-4A A1 3.75000 11/25/2056 US 164,116.63 $152,370.82
OASIS 2023-1A 7.00000 02/15/2035 US 167,064.91 $166,750.49
OBX 2024-NQM1 A1 5.92800 11/25/2063 US 351,946.21 $352,080.52
OPEN INFRA IS ASSETS AB 11.00000 02/22/2027 US 200,000 $199,005.21
OXFIN 2020-1A A2 3.10100 02/15/2028 US 56,446.33 $54,831.16
OXFIN 2022-1A 3.60200 02/15/2030 US 574,755.97 $549,105.07
OXFIN 2023-1A A2 6.71600 02/15/2031 US 440,000 $443,429.54
OXFINF 2024-A A2 6.67500 01/14/2032 US 60,000 $59,634.04
PALOMINO FUNDING TRUST I 7.23300 05/17/2028 US 710,000 $744,661.82
PEAR 2021-1 A MTGE 2.60000 01/15/2034 US 364,257.08 $351,869.13
PEAR 2023-1A 7.42000 07/15/2035 US 303,334.38 $306,579.27
PEAR 2024-1 A 6.95000 02/15/2036 US 328,324.52 $328,825.25
PELORUS FUND REIT 7.00000 09/30/2026 US 105,000 $102,960.39
PEPSICO INC 3.90000 07/18/2032 US 850,000 $805,501.62
PFMT 2021 -INV1 A1 2.50000 08/25/2051 US 589,874.43 $478,129.10
PFMT 2021-2 A2A 2.00000 04/25/2051 US 358,104.64 $299,967.90
PHILIP MORRIS INTERNATIONAL US PM 4,175 $382,513.50
PROLOGIS US PLD 788 $102,613.36
PUBLIC STORAGE INC US PSA 140 $40,608.40
QUALCOMM 5.40000 05/20/2033 US 640,000 $671,905.04
QUALCOMM INC 4.25000 05/20/2032 US 190,000 $183,361.87
RCKT 2021-6 A1 2.50000 12/25/2051 US 367,372.42 $294,653.54
REALTY INCOME CORP US O 357 $19,313.70
REXFORD INDUSTRIAL REALITY IN US REXR 602 $30,280.60
S&P GLOBAL INC US SPGI 492 $209,321.40
SBA COMMUNICATIONS CORP US SBAC 192 $41,606.40
SBA TOWER TRUST 6.59900 01/15/2028 US 515,000 $527,835.86
SEMT 2013-2 1.87400 02/25/2043 US 55,221.11 $46,633.22
SEMT 2013-6 A2 3.00000 05/25/2043 US 92,461.42 $81,635.34
SEMT 2013-7 A2 3.00000 06/25/2043 US 61,731.05 $53,950.28
SEMT 2013-8 A1 3.00000 06/25/2043 US 73,213.27 $64,935.76
SERVICENOW INC US NOW 220 $167,728.00
SIMON PROPERTY 2.25000 01/15/2032 US 550,000 $450,190.76
SIMON PROPERTY GROUP LP 2.65000 02/01/2032 US 930,000 $784,388.20
SIRIUSPOINT LTD 7.00000 04/05/2029 BM 380,000 $379,414.80
SLMA 2006-10 A6 FLT 5.77250 03/25/2044 US 75,509.04 $73,060.91
SLMA 2008-3 A3 6.62250 10/25/2021 US 870,299.16 $863,794.08
SLMA 2008-4 A4 7.27250 07/25/2022 US 858,843.34 $867,653.37
SMB 2019-B A2A 2.84000 06/15/2037 US 308,603.95 $294,181.56
SMB 2020-BA A1A 1.29000 07/15/2053 US 250,529.84 $228,508.17
SOFI 2018-B A2FX MTGE 3.34000 08/25/2047 US 32,896 $32,171.36
SONY CORP FIRST SECTION JP 6758 JP 300 $25,725.22
SORT 2020-1 A1 MTGE 1.69000 07/15/2060 US 337,294.5 $315,357.68
SORT 2020-1 A2 1.99000 07/15/2060 US 266,645.35 $229,296.34
SOUTH CAROLINA ST PUBLIC SVC 1.85200 12/01/2026 US 290,000 $265,737.79
SRPT 2014-STAR A FLTG RATE 8.50000 11/15/2027 US 809,580.86 $574,797.47
STR 2019-1 A1 MTGE 2.82000 11/20/2049 US 284,150.29 $262,196.47
SUN COMMUNITIES US SUI 303 $38,959.74
TAIWAN SEMICONDUCTOR - SP ADR TW TSM 3,915 $532,635.75
TECHTRONIC INDUSTRIES CO LTD HK 669 HK 2,500 $33,969.66
TECHTRONIC INDUSTRIES-SP ADR HK TTNDY 2,336 $158,812.96
TENCENT HOLDINGS 3.97500 04/11/2029 KY 1,560,000 $1,482,826.16
TENCENT HOLDINGS LTD CN 700 HK 1,000 $38,949.94
TERRENO REALTY CORP US TRNO 399 $26,493.60
THERMO FISHER SCIENTIFIC INC US TMO 309 $179,593.89
TPMT 2016-5 A1 2.50000 10/25/2056 US 6,102.31 $6,076.66
TPMT 2017-1 A1 2.75000 10/25/2056 US 1,214.1 $1,208.97
TPMT 2019-HY1 A1 6.44389 10/25/2048 US 62,025.84 $62,934.33
TREASURY BOND 2.37500 02/15/2042 US 2,625,000 $1,955,625.00
TREASURY NOTE 2.25000 11/15/2027 US 4,156,000 $3,867,677.50
TSY INFL IX N/B 2.37500 01/15/2027 US 2,391,919.04 $2,412,073.54
UDR INC US UDR 263 $9,838.83
UNION PAC CORP US UNP 608 $149,525.44
UNITED AIR 2018-1 B PTT 4.60000 03/01/2026 US 17,140.57 $16,422.84
UNITED AIR 2019-2 B PTT 3.50000 05/01/2028 US 83,270.1 $76,924.71
UNITED STATES TREAS NTS 2.25000 11/15/2024 US 3,552,000 $3,487,758.74
UNITEDHEALTH GROUP INC US UNH 302 $149,399.40
US DOLLAR US 840,383.9 $840,383.90
US TEASURY NOTE 1.75000 11/15/2029 US 4,383,000 $3,861,491.51
US TREASURY N/B 0.87500 11/15/2030 US 2,909,000 $2,357,199.06
US TREASURY N/B 2.00000 11/15/2026 US 4,100,000 $3,850,156.25
US TREASURY N/B 2.25000 11/15/2025 US 4,924,000 $4,730,886.88
US TREASURY N/B 3.12500 11/15/2028 US 2,663,000 $2,537,963.84
VENTAS INC US VTR 301 $13,105.54
VERTEX PHARMACEUTICALS INC US VRTX 552 $230,741.52
VISA INC - CLASS A SHARES US V 1,460 $407,456.80
WARNERMEDIA HOLDINGS INC 4.05400 03/15/2029 US 650,000 $608,436.10
WELLTOWER INC. US WELL 397 $37,095.68
WIN 2015-1 A1 3.50000 01/20/2045 US 41,328.96 $37,388.09

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

$33.49

Daily $ Change

$0.12

Daily % Change

0.36%

as of 04/23/2024

CUSIP

563821149

Inception Date

01/01/2000

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 capital preservation, with income and capital growth as secondary objectives.

Investment Strategy

The portfolio is invested in a conservative mix of securities that seeks stability with some growth and income potential. Holdings are diversified primarily among fixed income securities, typically focusing on short to intermediate-term maturities. Stock investments may be focused on dividend paying securities in pursuit of growth opportunities and income generation.

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 seek to minimize declines in account value with the potential for modest growth and income generation
  • Who want to assume a minimal amount of capital risk through limited stock exposure

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.

Learn more about our Pro-Mix® Series

Performance

As of 03/31/2024

YTD

0.65%

1 Year

5.46%

3 Year

0.56%

5 Year

3.92%

10 Year

3.45%

Inception
(01/01/2000)

5.18%

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.

Returns are net of Pro-Mix® CIT Class S expenses.

Expense Ratio

Gross 0.88%
Net 0.85%*

*Reflects the Trustee’s contractual agreement to limit fees and voluntary agreement to reimburse certain expenses.

Top Ten Investments

As of 03/31/2024

TREASURY NOTES 26.00%
GOVERNMENT AGENCY 20.04%
TSY INFL IX N/B 2.37500 01/15/2027 2.54%
TREASURY BONDS 2.06%
ISHARES BROAD USD HIGH YIELD 2.43400 1.78%
TENCENT HOLDINGS 3.97500 04/11/2029 1.56%
JPMORGAN CHASE & CO 4.49300 03/24/2031 1.08%
JPMMT 2019-INV3 A3 MTGE 3.50000 05/25/2050 0.93%
SLMA 2008-4 A4 7.27250 07/25/2022 0.91%
SLMA 2008-3 A3 6.62250 10/25/2021 0.91%

This investment list is unaudited and excludes cash.

Asset Allocation

As of 03/31/2024

Bonds
83.67%
Stocks
15.45%
Cash
0.88%

Detailed Asset Class Allocation

As of 03/31/2024

International Equities
4.57%
Small Capitalization
0.09%
Mid Capitalization
0.92%
Large Capitalization
9.87%
Long Term Fixed Income
13.70%
Intermediate Term Fixed Income
51.72%
Short Term Fixed Income
18.25%
Cash
0.88%

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 1,190 $42,646.91
ADMIRAL GROUP PLC ADR GB AMIGY 4,420 $158,236.00
AERCAP IRELAND CAP/GLOBA 3.00000 10/29/2028 IE 420,000 $380,462.86
AGREE REALTY CORP US ADC 380 $21,705.60
AIR LIQUIDE FR AI FP 138 $28,710.72
AIRBUS SE FR AIR FP 174 $32,055.81
ALASKA AIR 2020-1 CL B 8.00000 08/15/2025 US 20,712.58 $21,085.42
ALCON INC CH ALC 2,251 $187,485.79
ALIBAB GROUP HOLDINGS 2.12500 02/09/2031 KY 240,000 $199,519.90
ALIBABA GROUP HOLDING 4.00000 12/06/2037 KY 930,000 $807,928.98
ALPHABET INC-CL A US GOOGL 3,868 $583,797.24
AMAZON.COM INC US AMZN 4,532 $817,482.16
AMAZON.COM INC 3.30000 04/13/2027 US 185,000 $177,978.22
AMERICAN HOMES 4 RENT- A US AMH 612 $22,509.36
AMERICAN TOWER REIT INC US AMT 143 $28,255.37
AMERICOLD REALTY TRUST US COLD 489 $12,185.88
ASHTEAD CAPITAL INC 4.00000 05/01/2028 US 430,000 $404,359.13
ASTRAZENECA GB AZN 5,044 $341,731.00
ATLASSIAN CORP PLC-CLASS A AU TEAM 82 $15,999.02
AUCKLAND INTL AIRPORT LTD NZ AIA NZ 4,011 $20,009.71
AUTO TRADER GROUP PLC GB AUTO LN 2,480 $21,900.67
AVALONBAY COMMUNITIES INC US AVB 163 $30,246.28
AVANZA BANK HOLDING AB SE AZA SS 510 $10,994.07
BAE SYSTEMS PLC GB BA/ LN 1,465 $24,971.55
BAE SYSTEMS PLC -SPON ADR GB BAESY 3,106 $215,401.10
BANK OF AMERICA CORP 2.68700 04/22/2032 US 730,000 $617,558.02
BEIERSDORF AG DE BEI GR 217 $31,594.59
BIOMARIN PHARMACEUTICAL INC US BMRN 2,980 $260,273.20
BNSF FUNDING TRUST I 6.61300 12/15/2055 US 380,000 $377,358.84
BORR IHC LTD 10.00000 11/15/2028 MUL 200,000 $208,830.87
BRENNTAG AG DE BNR GR 157 $13,232.12
BROOGE PETROLEUM AND GAS 8.50000 09/24/2025 AE 165,000 $116,241.43
CANADIAN NATIONAL RAILWAY CO CA CNI 2,121 $279,356.91
CAPITAL ONE FINANCIAL CO 5.70000 02/01/2030 US 810,000 $816,807.04
CBSLT 2019-AGS A1 MTGE 2.54000 01/25/2047 US 121,386.95 $108,959.93
CELLNEX TELECOM SA ES CLNX SM 776 $27,450.77
CELLNEX TELECOM SAU-UNSP ADR ES CLLNY 918 $16,175.16
CENOVUS ENERGY INC 6.75000 11/15/2039 CA 510,000 $563,122.09
CIM 2019-INV1 A1 4.00000 02/25/2049 US 8,972.37 $8,533.11
CITIGROUP INC 1.46200 06/09/2027 US 620,000 $569,635.94
CLARK CNTY NV 1.51000 11/01/2028 US 800,000 $689,322.87
CLEANAWAY WASTE MANAGEMENT AU CWY AU 14,353 $25,431.68
COCA COLA CO/THE US KO 7,829 $478,978.22
COLO 2021-2A A2 MTGE 2.40000 10/25/2051 US 410,000 $367,678.78
COLO 2023 - 1A A2 MTGE 5.11600 02/25/2053 US 325,000 $309,279.68
CONSTELLATION BRANDS INC-A US STZ 856 $232,626.56
COPART INC US CPRT 5,199 $301,126.08
CROWN CASTLE INTL CORP US CCI 125 $13,228.75
CSMC 2013-IVR3 A1 2.50000 05/25/2043 US 103,680.3 $89,484.76
CSMC 2013-TH1 A1 2.13000 02/25/2043 US 62,513.87 $52,055.94
CSX CORP US CSX 6,138 $227,535.66
DEUTSCHE BOERSE AG DE DB1 GR 200 $40,957.99
DEUTSCHE BOERSE AG ADR DE DBOEY 10,919 $223,075.17
DIAGEO PLC GB DGE LN 315 $11,655.70
DIGITAL REALTY TRUST INC US DLR 94 $13,539.76
DIGITALBRIDGE GROUP INC US DBRG 652 $12,564.04
DOLLARAMA INC CA DOL CN 244 $18,587.99
ELECTRONIC ARTS US EA 2,795 $370,812.65
ENERGY TRANSFER LP 7.37500 02/01/2031 US 385,000 $403,554.72
ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 US 575,000 $611,057.88
EQUINIX INC US EQIX 137 $113,070.21
EQUITY COMMONWEALTH US EQC 604 $11,403.52
EQUITY LIFESTYLE PROPERTIES US ELS 406 $26,146.40
EQUITY RESIDENTIAL US EQR 250 $15,777.50
EVERGY INC US EVRG 4,129 $220,406.02
EXPERIAN PLC IE EXPN LN 535 $23,311.53
EXTRA SPACE STORAGE INC US EXR 182 $26,754.00
FEDERAL NATL MTG ASSN 745932 6.50000 11/01/2036 US 3,497.54 $3,700.73
FEDERAL NATL MTG ASSN 899735 6.50000 09/01/2037 US 3,033.79 $3,217.50
FEDERAL NATL MTG ASSN 941175 6.00000 11/01/2037 US 574.94 $600.72
FEDERAL NATL MTG ASSN 949709 6.50000 09/01/2037 US 12,042.99 $12,771.46
FEDERAL NATL MTG ASSN 954580 6.00000 02/01/2038 US 7,424.17 $7,756.89
FEDERAL NATL MTG ASSN 962276 6.00000 03/01/2038 US 1,918.08 $2,004.39
FEDERAL NATL MTG ASSN 962981 6.00000 05/01/2038 US 3,162.58 $3,304.76
FEDERAL NATL MTG ASSN 981635 5.00000 06/01/2038 US 1,291.47 $1,296.15
FEDERAL NATL MTG ASSN 981650 5.00000 06/01/2038 US 1,481.13 $1,486.57
FEDERAL NATL MTG ASSN AD0220 6.00000 10/01/2038 US 11,282.22 $11,788.07
FEDERAL NATL MTG ASSN AH5442 4.50000 05/01/2041 US 83,667.51 $81,998.96
FEDERAL NATL MTG ASSN AL6624 4.50000 09/01/2042 US 29,790.05 $29,197.82
FEDERAL NATL MTG ASSN AL8674 FLT 5.64300 01/01/2049 US 236,403.41 $243,724.70
FEDERAL NATL MTG ASSN AS4103 4.50000 12/01/2044 US 223,602.95 $218,508.16
FEDERAL NATL MTG ASSN BC8677 4.00000 05/01/2046 US 93,496.44 $88,354.11
FEDERAL NATL MTG ASSN BK0433 3.50000 12/01/2049 US 624,077.01 $561,613.20
FEDERAL NATL MTG ASSN BW1194 4.00000 09/01/2052 US 326,565.09 $302,658.21
FEDERAL NATL MTG ASSN BW9887 5.00000 10/01/2052 US 895,016.36 $875,062.88
FEDERAL NATL MTG ASSN CA5518 3.00000 04/01/2050 US 1,205,554.32 $1,055,063.44
FEDERAL NATL MTG ASSN CB4831 4.50000 10/01/2052 US 1,018,140.79 $971,921.02
FEDERAL NATL MTG ASSN FN FS1179 3.50000 12/01/2049 US 590,673.11 $538,395.10
FEDERAL NATL MTG ASSN FN MA3184 4.50000 11/01/2047 US 103,669.06 $100,610.94
FEDERAL NATL MTG ASSN FN MA3412 3.50000 07/01/2038 US 53,599.77 $50,497.63
FEDERAL NATL MTG ASSN FN MA4687 4.00000 06/01/2042 US 620,525.88 $587,388.59
FEDERAL NATL MTG ASSN FS2998 3.50000 04/01/2052 US 610,247.58 $553,135.28
FEDERAL NATL MTG ASSN FS4511 4.00000 08/01/2051 US 1,105,684.51 $1,039,194.37
FEDERAL NATL MTG ASSN MA0258 4.50000 12/01/2039 US 5,082.6 $4,991.37
FEDERAL NATL MTG ASSN MA1834 4.50000 02/01/2034 US 67,648.51 $66,677.38
FEDERAL NATL MTG ASSN MA1903 4.50000 05/01/2034 US 56,889.49 $56,073.96
FEDERAL NATL MTG ASSN MA4600 3.50000 05/01/2052 US 674,886.63 $605,281.56
FEDERAL NATL MTG ASSN MA4644 4.00000 05/01/2052 US 653,433.07 $605,597.14
FEDERAL NATL MTG ASSN SD8044 3.00000 02/01/2050 US 625,419.99 $546,045.28
FEDERAL NATL MTG ASSN SD8276 5.00000 12/01/2052 US 415,347.29 $405,765.50
FEDERAL NATL MTG FN MA4203 2.50000 12/01/2040 US 704,640.06 $617,020.01
FHLM GOLD POOL FG G08786 4.50000 10/01/2047 US 106,800.79 $103,786.31
FHLM GOLD POOL FG Q51334 4.00000 10/01/2047 US 92,341.99 $87,155.23
FHLM POOL C91746 4.50000 12/01/2033 US 12,701.74 $12,534.76
FHLM POOL FG G08734 4.00000 11/01/2046 US 12,336.99 $11,673.33
FHLM POOL G05906 6.00000 04/01/2040 US 3,820.54 $3,996.87
FHLM POOL G06789 6.00000 05/01/2040 US 50,645.04 $52,982.50
FHLM POOL Q93451 4.50000 08/01/2040 US 155,605.02 $152,874.88
FHLM POOL SD8230 4.50000 06/01/2052 US 639,389.53 $610,543.40
FINECOBANK SPA IT FBK IM 817 $12,236.04
FIRST INDUSTRIAL REALTY TR US FR 166 $8,721.64
FLAGSHIP COMMUNITIES REIT UT US MHC/U CN 762 $13,121.64
FLX 2021-1A A2 3.25000 11/27/2051 US 670,000 $607,223.07
FN FS4339 MTGE 3.00000 12/01/2050 US 730,083.96 $639,317.76
FN FS4616 MTGE 5.00000 05/01/2043 US 821,311.74 $816,425.12
FN FS4925 MTGE 3.50000 04/01/2052 US 881,966.44 $799,424.32
FN MA4020 MTGE 3.00000 05/01/2050 US 932,481.52 $812,943.44
FN MA4807 MTGE 5.50000 11/01/2052 US 560,871.91 $559,115.49
FN MA4868 MTGE 5.00000 01/01/2053 US 298,709.16 $291,818.14
FN MA4934 MTGE 5.00000 02/01/2043 US 797,120.4 $790,635.47
FNR 2018-31 KP 3.50000 07/25/2047 US 7,237.09 $7,041.52
FR QG6308 MTG 6.00000 07/01/2053 US 613,641.13 $621,678.06
FR RJ0062 MTGE 5.00000 10/01/2053 US 462,059.68 $452,503.42
FR SD1360 MTGE 5.50000 07/01/2052 US 809,036.32 $807,179.82
FREDDIE MAC POOL RB5167 3.50000 07/01/2042 US 608,301.08 $561,305.87
FREDDIE MAC POOL RB5188 4.00000 10/01/2042 US 610,984.34 $578,356.59
GLOBANT SA LU GLOB 97 $19,584.30
GNMA POOL 660997 5.50000 05/15/2037 US 17,907.54 $18,356.94
GNR 2017-54 AH MTGE 2.60000 12/16/2056 US 50,357.54 $45,600.31
GOLDEN PEAR FUND HOLDCO 10.00000 03/02/2028 US 50,000 $42,088.71
GOODMAN GROUP AU GMG AU 564 $12,423.40
GSMBS 2021-INV1 A9 5.00000 12/25/2051 US 368,531.08 $340,608.03
GSMBS 2021-PJ6 A8 2.50000 11/25/2051 US 718,459.61 $632,574.74
GSMBS 2021-PJ9 A8 2.50000 02/26/2052 US 267,947.84 $230,926.22
HALMA PLC GB HLMA LN 1,186 $35,414.41
HAWAII ST 2.68200 10/01/2038 US 380,000 $294,560.36
HDFC BANK LTD-ADR IN HDB 6,169 $345,278.93
HEINEKEN NV NL HEIA NA 404 $38,948.69
HEINEKEN NV-SPN ADR NL HEINY 7,225 $349,184.25
HELIOS TOWERS PLC GB HTWS LN 8,123 $9,676.69
HOTWIRE FUNDING LLC 5.68700 05/20/2053 US 500,000 $489,605.85
HUMANA INC US HUM 416 $144,235.52
IMCD NV NL IMCD NA 209 $36,786.11
IMPRL 2021-NQM3 1.59500 11/25/2056 US 315,887.79 $262,216.10
INFRABUILD AUTRALIA PTY 14.50000 11/15/2028 AU 85,000 $88,149.22
INTERCONTINENTALEXCHANGE INC US ICE 1,626 $223,461.18
INTERMEDIATE CAPITAL GROUP GB ICP LN 933 $24,166.09
INTUITIVE SURGICAL INC US ISRG 536 $213,912.24
INVITATION HOMES INC US INVH 1,101 $39,206.61
ISHARES BROAD USD HIGH YIELD 2.43400 US 46,175 $1,689,543.25
ITALY GOV'T INT BOND 2.37500 10/17/2024 IT 100,000 $98,269.71
JAPAN (2 YEAR ISSUE) 0.10000 01/01/2026 JP 55,000,000 $362,877.25
JOHNSON & JOHNSON US JNJ 2,739 $433,282.41
JPMMT 2014-2 1A1 3.00000 06/25/2029 US 58,305.85 $55,881.79
JPMMT 2019-INV3 A3 MTGE 3.50000 05/25/2050 US 1,017,254.91 $886,966.05
JPMORGAN CHASE & CO 4.49300 03/24/2031 US 1,060,000 $1,025,202.51
KEYENCE CORP JP 6861 JP 100 $46,426.09
KEYWORDS STUDIOS PLC IE KWS LN 782 $12,850.76
L'OREAL FR OR FP 12 $5,682.86
L3HARRIS TECHNOLOGIES INC US LHX 2,102 $447,936.20
LEXINGTON REALTY TRUST US LXP 2,709 $24,435.18
LONZA GROUP AG -REG CH LONN SW 55 $32,867.92
LONZA GROUP AG ADR CH LZAGY 704 $42,176.64
MARRIOTT VACATIONS WORLD US VAC 106 $11,419.38
MASCO CORP US MAS 2,301 $181,502.88
MASSMUTUAL GLOBAL FUNDING 4.85000 01/17/2029 US 200,000 $198,994.05
MASTERCARD INC-CLASS A US MA 1,348 $649,156.36
MEDTRONIC INC IE MDT 1,917 $167,066.55
MERCADOLIBRE INC BR MELI 16 $24,191.36
MET LIFE GLOB FUNDING I 4.85000 01/08/2029 US 200,000 $198,557.00
META PLATFORMS INC US META 859 $417,113.22
MEX BONOS DESARR FIX RT 7.75000 05/29/2031 MX 350,000 $19,404.69
MICRON TECHNOLOGY INC US MU 4,603 $542,647.67
MICROSOFT CORP US MSFT 615 $258,742.80
MID-AMERICA APARTMENT COMM US MAA 69 $9,079.02
MONARCH CASINO & RESORT INC US MCRI 198 $14,848.02
MONDELEZ INTERNATIONAL INC US MDLZ 2,196 $153,720.00
MOODY'S CORPORATION US MCO 790 $310,493.70
NAVIENT CORP 6.75000 06/25/2025 US 95,000 $95,605.97
NESTLE S.A. - ADR CH NSRGY 3,249 $345,043.80
NESTLE SA-REGISTERED CH NESN SW 320 $33,999.99
NEW FORTRESS ENERGY INC 8.75000 03/15/2029 US 95,000 $94,673.75
NEW YORK LIFE GLOBAL FDG 4.70000 01/29/2029 US 200,000 $197,914.28
NEWCASTLE COAL INFRASTRU 4.40000 09/29/2027 AU 428,604.12 $405,544.38
NORTHROP GRUMMAN CORP US NOC 519 $248,424.54
NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 CA 135,000 $1.35
NOVARTIS AG- REG CH NVS 1,906 $184,367.38
NRG 7.467 07/31/28 CORP 7.46700 07/31/2028 US 350,000 $370,046.48
NRZT 2014-3A AFX3 3.75000 11/25/2054 US 107,558.28 $100,346.87
NRZT 2015-2A A1 3.75000 08/25/2055 US 117,395.13 $109,064.67
NRZT 2016-4A A1 3.75000 11/25/2056 US 164,116.63 $152,370.82
OASIS 2023-1A 7.00000 02/15/2035 US 167,064.91 $166,750.49
OBX 2024-NQM1 A1 5.92800 11/25/2063 US 351,946.21 $352,080.52
OPEN INFRA IS ASSETS AB 11.00000 02/22/2027 US 200,000 $199,005.21
OXFIN 2020-1A A2 3.10100 02/15/2028 US 56,446.33 $54,831.16
OXFIN 2022-1A 3.60200 02/15/2030 US 574,755.97 $549,105.07
OXFIN 2023-1A A2 6.71600 02/15/2031 US 440,000 $443,429.54
OXFINF 2024-A A2 6.67500 01/14/2032 US 60,000 $59,634.04
PALOMINO FUNDING TRUST I 7.23300 05/17/2028 US 710,000 $744,661.82
PEAR 2021-1 A MTGE 2.60000 01/15/2034 US 364,257.08 $351,869.13
PEAR 2023-1A 7.42000 07/15/2035 US 303,334.38 $306,579.27
PEAR 2024-1 A 6.95000 02/15/2036 US 328,324.52 $328,825.25
PELORUS FUND REIT 7.00000 09/30/2026 US 105,000 $102,960.39
PEPSICO INC 3.90000 07/18/2032 US 850,000 $805,501.62
PFMT 2021 -INV1 A1 2.50000 08/25/2051 US 589,874.43 $478,129.10
PFMT 2021-2 A2A 2.00000 04/25/2051 US 358,104.64 $299,967.90
PHILIP MORRIS INTERNATIONAL US PM 4,175 $382,513.50
PROLOGIS US PLD 788 $102,613.36
PUBLIC STORAGE INC US PSA 140 $40,608.40
QUALCOMM 5.40000 05/20/2033 US 640,000 $671,905.04
QUALCOMM INC 4.25000 05/20/2032 US 190,000 $183,361.87
RCKT 2021-6 A1 2.50000 12/25/2051 US 367,372.42 $294,653.54
REALTY INCOME CORP US O 357 $19,313.70
REXFORD INDUSTRIAL REALITY IN US REXR 602 $30,280.60
S&P GLOBAL INC US SPGI 492 $209,321.40
SBA COMMUNICATIONS CORP US SBAC 192 $41,606.40
SBA TOWER TRUST 6.59900 01/15/2028 US 515,000 $527,835.86
SEMT 2013-2 1.87400 02/25/2043 US 55,221.11 $46,633.22
SEMT 2013-6 A2 3.00000 05/25/2043 US 92,461.42 $81,635.34
SEMT 2013-7 A2 3.00000 06/25/2043 US 61,731.05 $53,950.28
SEMT 2013-8 A1 3.00000 06/25/2043 US 73,213.27 $64,935.76
SERVICENOW INC US NOW 220 $167,728.00
SIMON PROPERTY 2.25000 01/15/2032 US 550,000 $450,190.76
SIMON PROPERTY GROUP LP 2.65000 02/01/2032 US 930,000 $784,388.20
SIRIUSPOINT LTD 7.00000 04/05/2029 BM 380,000 $379,414.80
SLMA 2006-10 A6 FLT 5.77250 03/25/2044 US 75,509.04 $73,060.91
SLMA 2008-3 A3 6.62250 10/25/2021 US 870,299.16 $863,794.08
SLMA 2008-4 A4 7.27250 07/25/2022 US 858,843.34 $867,653.37
SMB 2019-B A2A 2.84000 06/15/2037 US 308,603.95 $294,181.56
SMB 2020-BA A1A 1.29000 07/15/2053 US 250,529.84 $228,508.17
SOFI 2018-B A2FX MTGE 3.34000 08/25/2047 US 32,896 $32,171.36
SONY CORP FIRST SECTION JP 6758 JP 300 $25,725.22
SORT 2020-1 A1 MTGE 1.69000 07/15/2060 US 337,294.5 $315,357.68
SORT 2020-1 A2 1.99000 07/15/2060 US 266,645.35 $229,296.34
SOUTH CAROLINA ST PUBLIC SVC 1.85200 12/01/2026 US 290,000 $265,737.79
SRPT 2014-STAR A FLTG RATE 8.50000 11/15/2027 US 809,580.86 $574,797.47
STR 2019-1 A1 MTGE 2.82000 11/20/2049 US 284,150.29 $262,196.47
SUN COMMUNITIES US SUI 303 $38,959.74
TAIWAN SEMICONDUCTOR - SP ADR TW TSM 3,915 $532,635.75
TECHTRONIC INDUSTRIES CO LTD HK 669 HK 2,500 $33,969.66
TECHTRONIC INDUSTRIES-SP ADR HK TTNDY 2,336 $158,812.96
TENCENT HOLDINGS 3.97500 04/11/2029 KY 1,560,000 $1,482,826.16
TENCENT HOLDINGS LTD CN 700 HK 1,000 $38,949.94
TERRENO REALTY CORP US TRNO 399 $26,493.60
THERMO FISHER SCIENTIFIC INC US TMO 309 $179,593.89
TPMT 2016-5 A1 2.50000 10/25/2056 US 6,102.31 $6,076.66
TPMT 2017-1 A1 2.75000 10/25/2056 US 1,214.1 $1,208.97
TPMT 2019-HY1 A1 6.44389 10/25/2048 US 62,025.84 $62,934.33
TREASURY BOND 2.37500 02/15/2042 US 2,625,000 $1,955,625.00
TREASURY NOTE 2.25000 11/15/2027 US 4,156,000 $3,867,677.50
TSY INFL IX N/B 2.37500 01/15/2027 US 2,391,919.04 $2,412,073.54
UDR INC US UDR 263 $9,838.83
UNION PAC CORP US UNP 608 $149,525.44
UNITED AIR 2018-1 B PTT 4.60000 03/01/2026 US 17,140.57 $16,422.84
UNITED AIR 2019-2 B PTT 3.50000 05/01/2028 US 83,270.1 $76,924.71
UNITED STATES TREAS NTS 2.25000 11/15/2024 US 3,552,000 $3,487,758.74
UNITEDHEALTH GROUP INC US UNH 302 $149,399.40
US DOLLAR US 840,383.9 $840,383.90
US TEASURY NOTE 1.75000 11/15/2029 US 4,383,000 $3,861,491.51
US TREASURY N/B 0.87500 11/15/2030 US 2,909,000 $2,357,199.06
US TREASURY N/B 2.00000 11/15/2026 US 4,100,000 $3,850,156.25
US TREASURY N/B 2.25000 11/15/2025 US 4,924,000 $4,730,886.88
US TREASURY N/B 3.12500 11/15/2028 US 2,663,000 $2,537,963.84
VENTAS INC US VTR 301 $13,105.54
VERTEX PHARMACEUTICALS INC US VRTX 552 $230,741.52
VISA INC - CLASS A SHARES US V 1,460 $407,456.80
WARNERMEDIA HOLDINGS INC 4.05400 03/15/2029 US 650,000 $608,436.10
WELLTOWER INC. US WELL 397 $37,095.68
WIN 2015-1 A1 3.50000 01/20/2045 US 41,328.96 $37,388.09

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.

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