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Pro-Mix® Conservative Term CIT
Pro-Mix® Conservative Term CIT
Pro-Mix® Conservative Term CIT
Pro-Mix® Extended Term CIT
Pro-Mix® Maximum Term CIT
Pro-Mix® Moderate Term CIT
Retirement Target 2020 CIT
Retirement Target 2025 CIT
Retirement Target 2030 CIT
Retirement Target 2035 CIT
Retirement Target 2040 CIT
Retirement Target 2045 CIT
Retirement Target 2050 CIT
Retirement Target 2055 CIT
Retirement Target 2060 CIT
Retirement Target Income 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 | 7-20 Years | 15+ 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
$31.59
Daily $ Change
$0.14
Daily % Change
0.44%
as of 06/23/2022
CUSIP
563821149
Inception Date
01/01/2000
This fund is only available for use within certain qualified employee benefit plans.
Important Documents
| Annual Report | |
| Applications & Forms |
Performance
As of 05/31/2022
YTD
-7.25%
1 Year
-5.52%
3 Year
4.72%
5 Year
4.33%
10 Year
4.49%
Inception
(01/01/2000)
5.38%
Returns are net of Pro-Mix® CIT Class S expenses. 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.
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 05/31/2022
| TREASURY NOTES | 31.39% |
| GOVERNMENT AGENCY | 8.79% |
| TREASURY BONDS | 2.09% |
| TENCENT HOLDINGS 3.97500 04/11/2029 | 1.65% |
| CENOVUS ENERGY INC 6.75000 11/15/2039 | 1.21% |
| SIMON PROPERTY GROUP LP 2.65000 02/01/2032 | 1.17% |
| AVALON HOLDINGS FNDG LTD 2.75000 02/21/2028 | 1.08% |
| JPMORGAN CHASE & CO 4.49300 03/24/2031 | 1.03% |
| MAGALLANES INC 4.05400 03/15/2029 | 1.02% |
| AMAZON.COM INC | 1.01% |
This investment list is unaudited and excludes cash.
Asset Allocation
As of 05/31/2022
| Bonds | 78.01% |
| Stocks | 18.62% |
| Cash | 3.37% |
Detailed Asset Class Allocation
As of 05/31/2022
| International Equities | 4.87% |
| Small Capitalization | 0.51% |
| Mid Capitalization | 1.38% |
| Large Capitalization | 11.87% |
| Long Term Fixed Income | 16.87% |
| Intermediate Term Fixed Income | 35.51% |
| Short Term Fixed Income | 25.62% |
| Cash | 3.37% |
Due to rounding, the sum of the detailed asset class allocation categories may not equal the asset allocation totals provided above.
May Fund Holdings
As of 05/31/2022
| Security Description | Country | Ticker | Shares/Par | Market Value (USD) |
|---|---|---|---|---|
| ABBOTT LABORATORIES | US | ABT | 83 | $9,749.18 |
| ACTIVISION INC | US | ATVI | 2,257 | $175,775.16 |
| ADIDAS AG-SPONSORED ADR | DE | ADDYY | 1,537 | $152,378.18 |
| AERCAP IRELAND CAP/GLOBA 3.00000 10/29/2028 | IE | 420,000 | $368,322.12 | |
| ADYEN NV UNSPON ADR | NL | ADYEY | 8,780 | $135,914.40 |
| AGREE REALTY CORP | US | ADC | 151 | $10,505.07 |
| AIR LIQUIDE-ADR | FR | AIQUY | 7,907 | $276,033.37 |
| AIR LEASE CORP 3.62500 04/01/2027 | US | 420,000 | $399,418.17 | |
| ALASKA AIR 2020-1 CL B 8.00000 08/15/2025 | US | 39,701.43 | $41,652.30 | |
| ALIBABA GROUP HOLDING 4.00000 12/06/2037 | KY | 810,000 | $705,221.13 | |
| ALIBAB GROUP HOLDINGS 2.12500 02/09/2031 | KY | 210,000 | $174,687.52 | |
| ALLSTATE CORPORATION | US | ALL | 30 | $4,100.70 |
| ALPHABET INC-CL A | US | GOOGL | 134 | $304,882.16 |
| AMAZON.COM INC | US | AMZN | 382 | $918,400.58 |
| AMAZON.COM INC 3.30000 04/13/2027 | US | 780,000 | $779,281.43 | |
| DIAGEO PLC | GB | DGE LN | 3,350 | $155,645.27 |
| AMERICAN HOMES 4 RENT- A | US | AMH | 538 | $19,884.48 |
| AMERICAN TOWER REIT INC | US | AMT | 80 | $20,490.40 |
| ANALOG DEVICES INC | US | ADI | 48 | $8,083.20 |
| APPLE HOSPITALITY REIT INC | US | APLE | 1,832 | $30,612.72 |
| ARBOR REALTY TRUST INC 8.00000 04/30/2023 | US | 50,000 | $50,580.06 | |
| ARCHER-DANIELS-MIDLAND CO | US | ADM | 55 | $4,995.10 |
| ASHTEAD CAPITAL INC 4.00000 05/01/2028 | US | 360,000 | $342,324.53 | |
| AUTOMATIC DATA PROCESSING | US | ADP | 33 | $7,357.02 |
| AVALONBAY COMMUNITIES INC | US | AVB | 128 | $26,618.88 |
| AVALON HOLDINGS FNDG LTD 2.75000 02/21/2028 | KY | 1,130,000 | $979,184.79 | |
| BNSF FUNDING TRUST I 6.61300 12/15/2055 | US | 380,000 | $384,700.36 | |
| BANK OF AMERICA CORP 2.68700 04/22/2032 | US | 650,000 | $568,692.20 | |
| BARRICK GOLD CORP | CA | GOLD | 5,123 | $104,970.27 |
| BAXTER INTERNATIONAL INC | US | BAX | 42 | $3,194.10 |
| BEST BUY INC | US | BBY | 29 | $2,379.74 |
| BIOMARIN PHARMACEUTICAL INC | US | BMRN | 4,075 | $306,154.75 |
| BLACKROCK INC | US | BLK | 241 | $161,248.28 |
| BLACKSTONE PRIVATE CRE 2.62500 12/15/2026 | US | 450,000 | $391,516.02 | |
| BLACKSTONE SECURED LEND 2.75000 09/16/2026 | US | 440,000 | $400,287.19 | |
| DECHRA PHARMACEUTICALS PLC | GB | DPH LN | 465 | $21,314.41 |
| BRANDYWINE REALTY TRUST | US | BDN | 911 | $10,157.65 |
| BRISTOL MYERS SQUIBB CO | US | BMY | 146 | $11,015.70 |
| BROADRIDGE FINANCIAL SOLUTIONS | US | BR | 16 | $2,339.52 |
| JONAH ENERGY PARENT LLC | US | 2,051 | $110,056.66 | |
| SORT 2020-1 A1 MTGE 1.69000 07/15/2060 | US | 345,188.81 | $316,686.71 | |
| SORT 2020-1 A2 1.99000 07/15/2060 | US | 275,632.02 | $242,030.74 | |
| C.H. ROBINSON WORLDWIDE INC | US | CHRW | 21 | $2,278.71 |
| CIM 2019-INV1 A1 4.00000 02/25/2049 | US | 14,781.37 | $14,764.16 | |
| CSMC 2013-IVR3 A1 2.50000 05/25/2043 | US | 117,260.19 | $110,017.31 | |
| COTERRA ENERGY INC | US | CTRA | 76 | $2,609.08 |
| CAMDEN PROPERTY TRUST | US | CPT | 123 | $17,649.27 |
| CAMECO CORP | CA | CCJ | 335 | $8,197.45 |
| CAMPBELL SOUP CO | US | CPB | 47 | $2,251.77 |
| CANADIAN NATIONAL RAILWAY CO | CA | CNI | 2,239 | $254,753.42 |
| CARETRUST REIT INC | US | CTRE | 608 | $11,266.24 |
| CATERPILLAR INC | US | CAT | 41 | $8,849.85 |
| CENOVUS ENERGY INC 6.75000 11/15/2039 | CA | 980,000 | $1,104,367.07 | |
| CHARTER COMMUNICATIONS INC-A | US | CHTR | 595 | $301,623.35 |
| CHEVRON CORP | US | CVX | 76 | $13,274.16 |
| CINCINNATI FINANCIAL CORP | US | CINF | 22 | $2,812.92 |
| CISCO SYSTEMS INC | US | CSCO | 259 | $11,667.95 |
| CITIGROUP INC | US | C | 157 | $8,385.37 |
| CITIGROUP INC 1.46200 06/09/2027 | US | 620,000 | $558,478.87 | |
| CLARK CNTY NV 1.51000 11/01/2028 | US | 800,000 | $703,792.11 | |
| COCA COLA CO/THE | US | KO | 4,991 | $316,329.58 |
| COLGATE-PALMOLIVE CO | US | CL | 77 | $6,068.37 |
| COMCAST CORP-CL A | US | CMCSA | 273 | $12,088.44 |
| CBSLT 2019-AGS A1 MTGE 2.54000 01/25/2047 | US | 168,315.66 | $164,335.76 | |
| COMMUNITY HEALTHCARE TRUST I | US | CHCT | 317 | $11,944.56 |
| CONAGRA BRAND INC. | US | CAG | 70 | $2,302.30 |
| CONOCOPHILLIPS | US | COP | 69 | $7,752.84 |
| CONTROLADORA VUELA CIA DE AV | MX | VLRS | 632 | $9,846.56 |
| COPART INC | US | CPRT | 1,475 | $168,931.75 |
| COUSINS PROPERTIES INC | US | CUZ | 751 | $25,947.05 |
| CAALT 2021-2A A 0.96000 02/15/2030 | US | 800,000 | $770,070.19 | |
| CROWN CASTLE INTL CORP 3.10000 11/15/2029 | US | 480,000 | $436,527.02 | |
| CSMC 2013-TH1 A1 2.13000 02/25/2043 | US | 71,373.24 | $65,062.85 | |
| CUMMINS INC | US | CMI | 18 | $3,764.16 |
| COLO 2021-2A A2 MTGE 2.40000 10/25/2051 | US | 410,000 | $373,739.42 | |
| KIMBERLY CLARK DE MEXICO S.A.B. | MX | 14,900 | $23,053.53 | |
| DEVON ENERGY CORPORATION | US | DVN | 54 | $4,044.60 |
| DIAMONDBACK ENERGY INC | US | FANG | 16 | $2,432.32 |
| DIGITAL REALTY TRUST INC | US | DLR | 231 | $32,245.29 |
| DOLLAR GENERAL CORP | US | DG | 830 | $182,882.20 |
| DOLLAR TREE STORES INC | US | DLTR | 1,175 | $188,387.75 |
| DOW INC | US | DOW | 58 | $3,942.84 |
| DUKE RLTY INVTS INC | US | DRE | 524 | $27,682.92 |
| EOG RESOURCES INC | US | EOG | 38 | $5,204.48 |
| EASTMAN CHEM CO | US | EMN | 20 | $2,203.20 |
| EBAY INC | US | EBAY | 52 | $2,530.84 |
| ECO MATERIAL TECH INC 7.87500 01/31/2027 | US | 50,000 | $47,380.48 | |
| ELECTRONIC ARTS | US | EA | 1,407 | $195,080.55 |
| EMERSON ELEC CO | US | EMR | 59 | $5,230.94 |
| ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 | US | 860,000 | $899,333.68 | |
| EQUINIX INC | US | EQIX | 383 | $263,155.47 |
| EQUITY LIFESTYLE PROPERTIES | US | ELS | 463 | $35,049.10 |
| ESSEX PROPERTY TRUST INC | US | ESS | 79 | $22,424.15 |
| EXPEDIA GROUP INC 3.25000 02/15/2030 | US | 430,000 | $380,223.99 | |
| EXTRA SPACE STORAGE INC | US | EXR | 115 | $20,493.00 |
| FMC CORP | US | FMC | 3,289 | $403,165.62 |
| FREMF 2015-K42 B FLT 3.84863 01/25/2048 | US | 180,000 | $177,693.29 | |
| FS ENERGY & POWER FUND 7.50000 08/15/2023 | US | 130,000 | $132,404.72 | |
| FREMF 2014-K41 B FLT 3.83302 11/25/2047 | US | 700,000 | $692,876.00 | |
| FREMF 2013-K28 X2A 0.10000 06/25/2046 | US | 9,824,184.18 | $4,633.18 | |
| META PLATFORMS INC | US | FB | 2,461 | $476,548.04 |
| FHLM POOL G05906 6.00000 04/01/2040 | US | 6,876.16 | $7,597.99 | |
| FHLM POOL G06789 6.00000 05/01/2040 | US | 64,990.02 | $72,089.61 | |
| FHLM POOL G13331 5.50000 10/01/2023 | US | 3,649.98 | $3,710.38 | |
| FHLM POOL G13078 6.00000 03/01/2023 | US | 86.5 | $86.82 | |
| FHLM GOLD POOL FG G08786 4.50000 10/01/2047 | US | 140,423.78 | $144,679.18 | |
| FHLM POOL FG G08734 4.00000 11/01/2046 | US | 15,912.82 | $16,145.08 | |
| FHLM POOL C91746 4.50000 12/01/2033 | US | 18,116.65 | $18,809.14 | |
| FHLM POOL Q93451 4.50000 08/01/2040 | US | 195,808.05 | $204,544.92 | |
| FEDERAL NATL MTG ASSN SD8044 3.00000 02/01/2050 | US | 748,546 | $720,187.22 | |
| FHLM POOL SD8230 4.50000 06/01/2052 | US | 725,000 | $738,821.48 | |
| FHLM GOLD POOL FG Q51334 4.00000 10/01/2047 | US | 109,977.01 | $111,721.24 | |
| FNR 2018-31 KP 3.50000 07/25/2047 | US | 15,979.36 | $16,074.65 | |
| FHMS K030 X1 FLT 0.14558 04/25/2023 | US | 26,612,953.74 | $30,949.00 | |
| FHMS K032 X1 FLT 0.06799 05/25/2023 | US | 16,000,486.07 | $13,716.58 | |
| FEDERAL NATL MTG ASSN AH5442 4.50000 05/01/2041 | US | 100,125.84 | $104,490.83 | |
| FEDERAL NATL MTG ASSN AI5316 4.50000 07/01/2041 | US | 28,612.98 | $29,860.37 | |
| FEDERAL NATL MTG ASSN AL6624 4.50000 09/01/2042 | US | 37,967.5 | $39,622.70 | |
| FEDERAL NATL MTG ASSN AL8674 FLT 5.65900 01/01/2049 | US | 318,718.07 | $348,448.77 | |
| FEDERAL NATL MTG ASSN AS4103 4.50000 12/01/2044 | US | 279,897.88 | $291,872.83 | |
| FEDERAL NATL MTG ASSN 745932 6.50000 11/01/2036 | US | 4,800.11 | $5,372.29 | |
| FEDERAL NATL MTG ASSN BC8677 4.00000 05/01/2046 | US | 140,015.56 | $141,942.37 | |
| FEDERAL NATL MTG ASSN BK0433 3.50000 12/01/2049 | US | 749,267.02 | $741,979.08 | |
| FEDERAL NATL MTG ASSN FN FS1179 3.50000 12/01/2049 | US | 728,714.17 | $724,690.70 | |
| FEDERAL NATL MTG ASSN 888810 5.50000 11/01/2022 | US | 11.36 | $11.36 | |
| FEDERAL NATL MTG ASSN 899735 6.50000 09/01/2037 | US | 3,266.62 | $3,566.14 | |
| FEDERAL NATL MTG ASSN 941175 6.00000 11/01/2037 | US | 1,598.7 | $1,715.96 | |
| FEDERAL NATL MTG ASSN 949709 6.50000 09/01/2037 | US | 13,682.17 | $15,384.67 | |
| FEDERAL NATL MTG ASSN 954580 6.00000 02/01/2038 | US | 8,072.07 | $8,827.50 | |
| FEDERAL NATL MTG ASSN 962276 6.00000 03/01/2038 | US | 2,200.01 | $2,390.90 | |
| FEDERAL NATL MTG ASSN 962981 6.00000 05/01/2038 | US | 4,971.07 | $5,456.79 | |
| FEDERAL NATL MTG ASSN 973297 4.50000 03/01/2023 | US | 497.36 | $500.37 | |
| FEDERAL NATL MTG ASSN 976388 4.50000 04/01/2023 | US | 4,917.85 | $4,937.04 | |
| FEDERAL NATL MTG ASSN 981635 5.00000 06/01/2038 | US | 3,181.91 | $3,382.86 | |
| FEDERAL NATL MTG ASSN 981650 5.00000 06/01/2038 | US | 3,269.79 | $3,476.29 | |
| FEDERAL NATL MTG ASSN MA0258 4.50000 12/01/2039 | US | 6,356.82 | $6,634.72 | |
| FEDERAL NATL MTG ASSN MA1834 4.50000 02/01/2034 | US | 96,691.86 | $100,345.84 | |
| FEDERAL NATL MTG ASSN MA1903 4.50000 05/01/2034 | US | 85,606.81 | $88,841.88 | |
| FEDERAL NATL MTG ASSN FN MA3184 4.50000 11/01/2047 | US | 123,454.86 | $127,085.40 | |
| FEDERAL NATL MTG ASSN FN MA3412 3.50000 07/01/2038 | US | 68,159.85 | $68,201.22 | |
| FEDERAL NATL MTG FN MA4203 2.50000 12/01/2040 | US | 870,413.47 | $818,739.44 | |
| FEDERAL NATL MTG ASSN MA4600 3.50000 05/01/2052 | US | 752,625.66 | $738,336.05 | |
| FEDERAL NATL MTG ASSN MA4644 4.00000 05/01/2052 | US | 743,399.65 | $744,364.03 | |
| FEDERAL NATL MTG ASSN FN MA4687 4.00000 06/01/2042 | US | 740,000 | $748,950.30 | |
| FEDERAL NATL MTG ASSN AD0220 6.00000 10/01/2038 | US | 14,535.48 | $16,050.82 | |
| FEDEX CORPORATION | US | FDX | 645 | $144,854.10 |
| FIFTH THIRD BANCORP | US | FITB | 85 | $3,351.55 |
| FLX 2021-1A A2 3.25000 11/27/2051 | US | 670,000 | $620,798.28 | |
| FONTAINEBLEAU MIAMI BEACH TRUST 3.14400 12/10/2036 | US | 470,000 | $452,918.26 | |
| FREMF 2015-K720 B FLT 3.45856 07/25/2022 | US | 56,019.71 | $56,012.15 | |
| GSMBS 2021-PJ6 A8 2.50000 11/25/2051 | US | 829,402.71 | $770,813.87 | |
| GSMBS 2021-PJ9 A8 2.50000 02/26/2052 | US | 312,117.51 | $289,467.71 | |
| GSMBS 2021-INV1 A9 1.43446 12/25/2051 | US | 415,741.06 | $393,424.41 | |
| GNMA POOL 660997 5.50000 05/15/2037 | US | 19,463.54 | $20,713.83 | |
| GENERAL DYNAMICS CORP | US | GD | 26 | $5,847.66 |
| GENERAL MLS INC | US | GIS | 64 | $4,470.40 |
| GENUINE PARTS CO | US | GPC | 20 | $2,734.60 |
| GETTY REALTY CORP | US | GTY | 410 | $11,455.40 |
| GILEAD SCIENCES INC | US | GILD | 113 | $7,328.05 |
| GNR 2017-54 AH MTGE 2.60000 12/16/2056 | US | 127,666.91 | $124,337.61 | |
| GRAPHIC PACKAGING HOLDING CO | US | GPK | 13,232 | $294,544.32 |
| GREENIDGE GEN HLD INC | US | 2,600 | $51,792.00 | |
| GRUPO AEROPORTUARIO PAC-ADR | MX | PAC | 66 | $9,925.08 |
| GRUPO AEROPORTUARIO DEL SURESTE | MX | ASR | 48 | $10,429.92 |
| AIRBUS SE | FR | AIR FP | 150 | $17,579.37 |
| ADIDAS AG | DE | ADS GR | 164 | $32,581.49 |
| HCA INC 4.12500 06/15/2029 | US | 560,000 | $545,129.88 | |
| L'OREAL | FR | OR FP | 18 | $6,357.81 |
| HAWAII ST 2.68200 10/01/2038 | US | 380,000 | $300,915.63 | |
| HEALTHCARE REALTY TRUST INC | US | HR | 525 | $15,261.75 |
| HEALTHCARE TRUST OF AMERICA | US | HTA | 360 | $10,818.00 |
| HEINEKEN NV-SPN ADR | NL | HEINY | 3,282 | $165,544.08 |
| HOME DEPOT INC | US | HD | 57 | $17,256.75 |
| HONEYWELL INTERNATIONAL INC | US | HON | 52 | $10,068.24 |
| IDEXX LABORATORIES INC | US | IDXX | 338 | $132,367.56 |
| KERRY GROUP PLC-A | IE | KYGA ID | 116 | $12,004.87 |
| ILLINOIS TOOL WKS INC | US | ITW | 30 | $6,242.10 |
| IMPRL 2021-NQM3 1.59500 11/25/2056 | US | 379,993.76 | $360,743.24 | |
| INDEPENDENCE REALTY TRUST IN | US | IRT | 544 | $12,789.44 |
| INTEL CORP | US | INTC | 287 | $12,748.54 |
| INTERCONTINENTALEXCHANGE INC | US | ICE | 2,769 | $283,517.91 |
| INTERNATIONAL FLVRS & FRAGRANCES | US | IFF | 30 | $3,965.10 |
| INVITATION HOMES INC | US | INVH | 869 | $32,778.68 |
| ITALY GOV'T INT BOND 2.37500 10/17/2024 | IT | 100,000 | $97,812.44 | |
| JP MORGAN CHASE & CO | US | JPM | 149 | $19,702.27 |
| JPMMT 2014-2 1A1 3.00000 06/25/2029 | US | 104,873.22 | $101,497.58 | |
| JPMORGAN CHASE & CO 4.49300 03/24/2031 | US | 920,000 | $932,174.03 | |
| JOHNSON & JOHNSON | US | JNJ | 3,393 | $609,145.29 |
| KREF 2021-FL2 A 1.95671 02/15/2039 | US | 400,000 | $387,473.04 | |
| KEYCORP | US | KEY | 94 | $1,876.24 |
| KROGER CO | US | KR | 73 | $3,866.81 |
| L3HARRIS TECHNOLOGIES INC | US | LHX | 740 | $178,266.00 |
| BEIERSDORF AG | DE | BEI GR | 296 | $30,722.24 |
| LENNAR CORP | US | LEN | 28 | $2,247.00 |
| LIFE STORAGE INC | US | LSI | 202 | $23,585.52 |
| LOCKHEED MARTIN CORP | US | LMT | 20 | $8,802.20 |
| LULULEMON - ADR | CA | LULU | 656 | $192,004.64 |
| MAGALLANES INC 4.05400 03/15/2029 | US | 970,000 | $929,880.64 | |
| ATOS SE | FR | ATO FP | 905 | $23,823.66 |
| MARATHON PETROLEUM CORP | US | MPC | 41 | $4,173.39 |
| MARRIOTT VACATIONS WORLD | US | VAC | 86 | $12,703.92 |
| MASTERCARD INC-CLASS A | US | MA | 1,496 | $535,373.52 |
| MCDONALDS CORP | US | MCD | 34 | $8,575.14 |
| ACCOR SA | FR | AC FP | 375 | $12,339.28 |
| MERCADOLIBRE INC | AR | MELI | 20 | $15,717.60 |
| MERCK & CO INC | US | MRK | 162 | $14,908.86 |
| MICROSOFT CORP | US | MSFT | 2,140 | $581,801.80 |
| MICROCHIP TECHNOLOGY INC | US | MCHP | 47 | $3,414.55 |
| MID-AMERICA APARTMENT COMM | US | MAA | 163 | $29,503.00 |
| MONDELEZ INTERNATIONAL INC | US | MDLZ | 5,674 | $360,639.44 |
| MOODY'S CORPORATION | US | MCO | 994 | $299,760.58 |
| MOTOROLA SOLUTIONS INC | US | MSI | 19 | $4,175.06 |
| NAVIENT CORP 6.75000 06/25/2025 | US | 125,000 | $126,166.87 | |
| NETAPP INC | US | NTAP | 33 | $2,374.35 |
| NRZT 2014-3A AFX3 3.75000 11/25/2054 | US | 148,760.6 | $146,120.68 | |
| NRZT 2015-2A A1 3.75000 08/25/2055 | US | 162,212.63 | $158,031.15 | |
| NRZT 2016-4A A1 3.75000 11/25/2056 | US | 223,724.54 | $218,638.77 | |
| KEYENCE CORP | JP | 6861 JP | 100 | $39,757.66 |
| NEW YORK CITY NY TRANSITIONALFIN 1.58000 05/01/2024 | US | 215,000 | $208,712.11 | |
| NEWCASTLE COAL INFRASTRU 4.40000 09/29/2027 | AU | 430,000 | $390,861.65 | |
| NEWMONT GOLDCORP CORP | US | NEM | 1,551 | $105,235.35 |
| NEXPOINT RESIDENTIAL | US | NXRT | 155.9 | $11,455.84 |
| NORFOLK SOUTHN CORP | US | NSC | 662 | $158,654.92 |
| NIKON CORP | JP | 7731 JP | 2,400 | $29,779.93 |
| NORTHROP GRUMMAN CORP | US | NOC | 399 | $186,720.03 |
| NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 | CA | 135,000 | $13.50 | |
| NOVARTIS AG- REG | CH | NVS | 4,685 | $426,053.90 |
| NUCOR CORP | US | NUE | 28 | $3,708.88 |
| OMNICOM GROUP | US | OMC | 33 | $2,462.13 |
| SONY CORP FIRST SECTION | JP | 6758 JP | 200 | $18,757.89 |
| OWL ROCK TECHNOLOGY 3.75000 06/17/2026 | US | 380,000 | $353,855.19 | |
| OXFIN 2020-1A A2 3.10100 02/15/2028 | US | 239,254.75 | $237,874.82 | |
| OXFIN 2019-1A A2 4.45900 02/15/2027 | US | 476,480.6 | $475,349.53 | |
| OXFIN 2022-1A 3.60200 02/15/2030 | US | 575,000 | $547,319.62 | |
| PPG INDUSTRIES INC | US | PPG | 20 | $2,529.80 |
| PACKAGING CORP OF AMERICA | US | PKG | 15 | $2,359.20 |
| PARKER HANNIFIN CORP | US | PH | 11 | $2,993.87 |
| DEUTSCHE BOERSE AG | DE | DB1 GR | 235 | $39,494.84 |
| PAYPAL HOLDINGS INC | US | PYPL | 3,283 | $279,744.43 |
| PEAR 2021-1 A MTGE 2.60000 01/15/2034 | US | 755,512.75 | $727,054.78 | |
| NESTLE SA-REGISTERED | CH | NESN SW | 2,643 | $323,284.44 |
| PFIZER INC | US | PFE | 235 | $12,464.40 |
| PIONEER NATURAL RESOURCES CO | US | PXD | 17 | $4,724.98 |
| POPULAR INC 6.12500 09/14/2023 | PR | 125,000 | $126,414.78 | |
| PROCTER & GAMBLE CO | US | PG | 125 | $18,485.00 |
| PROLOGIS | US | PLD | 802 | $102,238.96 |
| PFMT 2021 -INV1 A1 2.50000 08/25/2051 | US | 643,696.61 | $565,419.19 | |
| PFMT 2021-2 A2A 2.00000 04/25/2051 | US | 414,860.36 | $375,828.55 | |
| PUBLIC STORAGE INC | US | PSA | 146 | $48,273.44 |
| QUALCOMM INC | US | QCOM | 84 | $12,030.48 |
| QUALCOMM INC 4.25000 05/20/2032 | US | 730,000 | $758,008.61 | |
| QUEST DIAGNOSTICS INC | US | DGX | 19 | $2,679.38 |
| RCKT 2021-6 A1 2.50000 12/25/2051 | US | 409,030.87 | $358,784.77 | |
| RADIUS GLOBAL INFRASTRUCTURE | US | RADI | 2,675 | $39,857.50 |
| RAILWORKS HOLDINGS LP/R 8.25000 11/15/2028 | US | 170,000 | $164,508.74 | |
| REGIONS FINANCIAL CORP. | US | RF | 132 | $2,915.88 |
| REPUBLIC SERVICES INC | US | RSG | 34 | $4,550.56 |
| RESTAURANT BRANDS INTERN | CA | QSR | 250 | $13,127.50 |
| REXFORD INDUSTRIAL REALITY IN | US | REXR | 495 | $31,615.65 |
| GETINGE AB-B SHS | SE | GETIB SS | 718 | $20,837.23 |
| ROSS STORES INC | US | ROST | 28 | $2,380.56 |
| HEINEKEN NV | NL | HEIA NA | 196 | $19,708.40 |
| RYANAIR HOLDINGS - ADR | IE | RYAAY | 1,886 | $164,459.20 |
| S&P GLOBAL INC | US | SPGI | 322 | $112,532.56 |
| SBA COMMUNICATIONS CORP | US | SBAC | 1,468 | $494,143.48 |
| NAVIENT CORP 5.50000 01/25/2023 | US | 50,000 | $50,210.20 | |
| SLMA 2006-10 A6 FLT 1.33400 03/25/2044 | US | 104,367.76 | $99,095.40 | |
| SMB 2015 B A3 2.62471 05/17/2032 | US | 660,807.98 | $665,446.66 | |
| SMB 2020-BA A1A 1.29000 07/15/2053 | US | 396,198.97 | $369,400.75 | |
| SOFI 2017-D A2FX 2.65000 09/25/2040 | US | 199,095.8 | $197,113.12 | |
| SALESFORCE INC | US | CRM | 1,685 | $270,004.40 |
| SEA LTD - ADR | SG | SE | 2,107 | $174,164.62 |
| SEAGEN INC | US | SGEN | 2,449 | $332,280.32 |
| SEMT 2013-6 A2 3.00000 05/25/2043 | US | 115,948.05 | $108,584.75 | |
| SEMT 2013-7 A2 3.00000 06/25/2043 | US | 76,829.91 | $71,990.88 | |
| SEMT 2013-8 A1 3.00000 06/25/2043 | US | 88,599.5 | $83,215.55 | |
| SEMT 2013-2 1.87400 02/25/2043 | US | 68,449.31 | $61,991.73 | |
| SERVICENOW INC | US | NOW | 636 | $297,310.92 |
| SHOPIFY INC | CA | SHOP | 15 | $5,626.80 |
| SIMON PROPERTY GROUP LP 2.65000 02/01/2032 | US | 1,230,000 | $1,062,271.58 | |
| SKYWORKS SOLUTIONS INC | US | SWKS | 18 | $1,959.66 |
| SMB 2019-B A2A 2.84000 06/15/2037 | US | 509,372.42 | $494,097.72 | |
| JM SMUCKER CO/THE-NEW COM WI | US | SJM | 16 | $2,005.92 |
| SOFI 2016-C A2B 2.36000 12/27/2032 | US | 14,024.89 | $14,008.70 | |
| SOFI 2016-D A2B 2.34000 04/25/2033 | US | 15,455.69 | $15,360.85 | |
| SOFI 2018-B A2FX MTGE 3.34000 08/25/2047 | US | 83,305.79 | $82,737.69 | |
| SONY CORP SPONSORED ADR | JP | SONY | 1,700 | $159,919.00 |
| SOUTH CAROLINA ST PUBLIC SVC 1.85200 12/01/2026 | US | 290,000 | $266,558.68 | |
| SOUTHWEST AIRLINES CO 5.25000 05/04/2025 | US | 700,000 | $730,698.26 | |
| STANLEY BLACK & DECKER INC | US | SWK | 16 | $1,899.04 |
| SRPT 2014-STAR A FLTG RATE 2.34500 11/15/2027 | US | 886,341.61 | $609,267.20 | |
| STEEL DYNAMICS INC | US | STLD | 28 | $2,390.64 |
| STR 2019-1 A1 MTGE 2.82000 11/20/2049 | US | 287,025.3 | $267,688.00 | |
| SUN COMMUNITIES | US | SUI | 241 | $39,555.33 |
| SYNCHRONOSS TECH | US | 5,900 | $130,862.00 | |
| SYNERGY ONE LENDING 5.50000 10/14/2026 | US | 135,000 | $120,420.72 | |
| TJX COMPANIES INC | US | TJX | 73 | $4,640.61 |
| TAIWAN SEMICONDUCTOR - SP ADR | TW | TSM | 1,837 | $175,066.10 |
| TARGET CORP | US | TGT | 28 | $4,532.64 |
| TENCENT HOLDINGS 3.97500 04/11/2029 | KY | 1,560,000 | $1,503,122.43 | |
| TERRENO REALTY CORP | US | TRNO | 277 | $16,816.67 |
| TEXAS INSTRUMENTS INC | US | TXN | 49 | $8,661.24 |
| THERMO FISHER SCIENTIFIC INC | US | TMO | 309 | $175,379.13 |
| 3M CO | US | MMM | 50 | $7,464.50 |
| TPMT 2016-5 A1 2.50000 10/25/2056 | US | 142,287.54 | $141,666.26 | |
| TPMT 2017-1 A1 2.75000 10/25/2056 | US | 62,780.84 | $62,533.70 | |
| TPMT 2019-HY1 A1 2.00571 10/25/2048 | US | 107,472.08 | $106,402.12 | |
| TRACTOR SUPPLY COMPANY | US | TSCO | 11 | $2,060.96 |
| TRAVELLERS COS INC | US | TRV | 26 | $4,655.04 |
| TCF 2021-1A 1.86000 03/20/2046 | US | 608,062.5 | $533,522.39 | |
| TYSON FOODS INC -CL A | US | TSN | 41 | $3,674.01 |
| UDR INC | US | UDR | 597 | $28,536.60 |
| U.S. BANCORP | US | USB | 130 | $6,899.10 |
| UNILEVER PLC - ADR | GB | UL | 8,461 | $408,920.13 |
| UNION PAC CORP | US | UNP | 46 | $10,109.88 |
| UNITED AIR 2019-2 B PTT 3.50000 05/01/2028 | US | 108,554.1 | $97,711.61 | |
| UNITED AIR 2018-1 B PTT 4.60000 03/01/2026 | US | 23,815.46 | $22,309.55 | |
| UNITED PARCEL SERVICE | US | UPS | 828 | $150,903.00 |
| US TREASURY N/B 2.50000 02/15/2045 | US | 1,095,000 | $948,030.47 | |
| US TREASURY N/B 2.00000 02/15/2050 | US | 1,210,000 | $954,576.56 | |
| US TREASURY N/B 1.62500 05/15/2026 | US | 7,755,000 | $7,413,901.21 | |
| UNITED STATES TREAS NTS 1.75000 05/15/2023 | US | 4,165,000 | $4,149,869.35 | |
| US TREASURY N/B 2.50000 05/15/2024 | US | 8,445,000 | $8,444,010.33 | |
| UNITED STATES TREAS NTS 2.12500 05/15/2025 | US | 8,685,000 | $8,538,440.63 | |
| VF CORP | US | VFC | 39 | $1,967.94 |
| VENTAS INC | US | VTR | 290 | $16,454.60 |
| VERTEX PHARMACEUTICALS INC | US | VRTX | 1,238 | $332,588.70 |
| PARAMOUNT GLOBAL CLASS B | US | PARA | 64 | $2,197.12 |
| VISA INC - CLASS A SHARES | US | V | 2,510 | $532,546.70 |
| VISTRA OPERATIONS CO LLC 3.55000 07/15/2024 | US | 175,000 | $171,778.68 | |
| VISTRA OPERATIONS 4.87500 05/13/2024 | US | 605,000 | $607,298.06 | |
| WAL MART STORES | US | WMT | 135 | $17,365.05 |
| WALGREENS BOOTS ALLIANCE INC | US | WBA | 72 | $3,155.76 |
| WARRIOR MET COAL INC 7.87500 12/01/2028 | US | 45,000 | $45,643.52 | |
| WASTE MANAGEMENT INC | US | WM | 39 | $6,181.89 |
| WELLTOWER INC. | US | WELL | 336 | $29,934.24 |
| WIN 2015-1 A1 3.50000 01/20/2045 | US | 49,758.14 | $47,572.15 | |
| ZOETIS INC | US | ZTS | 464 | $79,311.52 |
| BNY MELLON CASH RESERVE EOD FUND | US | 29.97 | $29.97 | |
| ADMIRAL GROUP PLC | GB | ADM LN | 836 | $23,405.81 |
| GRUPO AEROPORTUARIO DEL CENT | MX | OMAB MM | 1,300 | $9,367.95 |
| UBISOFT ENTERTAINMENT | FR | UBI FP | 478 | $25,129.93 |
| DANONE | FR | BN FP | 233 | $13,709.14 |
| AIR LIQUIDE | FR | AI FP | 251 | $43,967.14 |
| CANADIAN GOVERNMENT FLT 2.75000 06/01/2022 | CA | 140,000 | $110,685.06 | |
| MEX BONOS DESARR FIX RT 6.50000 06/09/2022 | MX | 1,100,000 | $55,884.69 | |
| BRENNTAG AG | DE | BNR GR | 417 | $32,266.03 |
| MEX BONOS DESARR FIX RT 7.75000 05/29/2031 | MX | 350,000 | $16,828.03 | |
| KEYWORDS STUDIOS PLC | IE | KWS LN | 195 | $5,761.80 |
| S4 CAPITAL PLC | GB | SFOR LN | 3,707 | $13,258.39 |
| HELIOS TOWERS PLC | GB | HTWS LN | 7,212 | $10,332.93 |
| AVANZA BANK HOLDING AB | SE | AZA SS | 835 | $20,117.05 |
| AMERICAN TANKER INC 7.75000 07/02/2025 | US | 135,000 | $128,250.00 | |
| SOFTWAREONE HOLDING AG | CH | SWON SW | 1,049 | $14,010.16 |
| FLAGSHIP COMMUNITIES REIT UT | US | MHC/U CN | 851 | $15,045.68 |
| SEASPAN CORP 6.50000 02/05/2024 | MH | 200,000 | $199,497.02 | |
| PETROTAL CORP 12.00000 02/16/2024 | CA | 124,000 | $127,720.00 | |
| FINECOBANK SPA | IT | FBK IM | 2,590 | $36,701.82 |
| ALLFUNDS GROUP PLC | GB | ALLFG NA | 778 | $7,096.53 |
| COPPER MOUNTAIN MINING C 8.00000 04/09/2026 | CA | 46,000 | $45,971.14 | |
| AIRSWIFT GLOBAL AS FLT 10.38899 05/12/2025 | NO | 200,000 | $200,332.66 | |
| KENT GLOBAL PLC 10.00000 06/28/2026 | GB | 50,000 | $49,500.00 | |
| ROTORK PLC | GB | ROR LN | 5,317 | $18,712.70 |
| AUTO TRADER GROUP PLC | GB | AUTO LN | 4,645 | $34,554.95 |
| CELLNEX TELECOM SA | ES | CLNX SM | 228 | $10,289.45 |
| ASSA ABLOY AB-B | SE | ASSAB SS | 1,152 | $28,398.05 |
| CLEANAWAY WASTE MANAGEMENT | AU | CWY AU | 9,941 | $21,304.60 |
| INTERMEDIATE CAPITAL GROUP | GB | ICP LN | 884 | $17,551.10 |
| ADYEN NV | NL | ADYEN NA | 19 | $29,424.65 |
| BANK OF N.T. BUTTERFIELD&SON | BM | NTB | 387 | $12,221.46 |
| BUNGE LIMITED | US | BG | 20 | $2,366.40 |
| EATON CORP PLC | US | ETN | 41 | $5,682.60 |
| JOHNSON CONTROLS INTERNATIONAL | US | JCI | 75 | $4,088.25 |
| MEDTRONIC INC | IE | MDT | 2,309 | $231,246.35 |
| ROYALTY PHARMA PLC- CL A | US | RPRX | 57 | $2,344.98 |
| STONECO LTD-A | BR | STNE | 823 | $8,262.92 |
| TRANE TECHNOLOGIES | IE | TT | 19 | $2,623.14 |
| ALCON INC | CH | ALC | 2,825 | $211,112.25 |
| CHUBB LTD | CH | CB | 36 | $7,606.44 |
| GARMIN LTD | CH | GRMN | 27 | $2,851.74 |
| TE CONNECTIVITY LIMITED | CH | TEL | 27 | $3,493.53 |
| LYONDELLBASELL INDU-CL A | US | LYB | 28 | $3,199.00 |
| PLAYA HOTELS AND RESORTS | US | PLYA | 1,186 | $10,247.04 |
| US DOLLAR | US | 3,173,554.52 | $3,173,554.52 | |
| BROOGE PETROLEUM AND GAS 8.50000 09/24/2025 | AE | 186,000 | $185,830.03 |
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
$31.59
Daily $ Change
$0.14
Daily % Change
0.44%
as of 06/23/2022
CUSIP
563821149
Inception Date
01/01/2000
This fund is only available for use within certain qualified employee benefit plans.
Important Documents
| Annual Report | |
| Fact Sheet | |
| Applications & Forms |
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 | 7-20 Years | 15+ 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.
Performance
As of 05/31/2022
YTD
-7.25%
1 Year
-5.52%
3 Year
4.72%
5 Year
4.33%
10 Year
4.49%
Inception
(01/01/2000)
5.38%
Returns are net of Pro-Mix® CIT Class S expenses. 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.
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 05/31/2022
| TREASURY NOTES | 31.39% |
| GOVERNMENT AGENCY | 8.79% |
| TREASURY BONDS | 2.09% |
| TENCENT HOLDINGS 3.97500 04/11/2029 | 1.65% |
| CENOVUS ENERGY INC 6.75000 11/15/2039 | 1.21% |
| SIMON PROPERTY GROUP LP 2.65000 02/01/2032 | 1.17% |
| AVALON HOLDINGS FNDG LTD 2.75000 02/21/2028 | 1.08% |
| JPMORGAN CHASE & CO 4.49300 03/24/2031 | 1.03% |
| MAGALLANES INC 4.05400 03/15/2029 | 1.02% |
| AMAZON.COM INC | 1.01% |
This investment list is unaudited and excludes cash.
Asset Allocation
As of 05/31/2022
| Bonds | 78.01% | |
| Stocks | 18.62% | |
| Cash | 3.37% |
Detailed Asset Class Allocation
As of 05/31/2022
| International Equities | 4.87% | |
| Small Capitalization | 0.51% | |
| Mid Capitalization | 1.38% | |
| Large Capitalization | 11.87% | |
| Long Term Fixed Income | 16.87% | |
| Intermediate Term Fixed Income | 35.51% | |
| Short Term Fixed Income | 25.62% | |
| Cash | 3.37% |
Due to rounding, the sum of the detailed asset class allocation categories may not equal the asset allocation totals provided above.
May Fund Holdings
As of 05/31/2022
| Security Description | Country | Ticker | Shares/Par | Market Value (USD) |
|---|---|---|---|---|
| ABBOTT LABORATORIES | US | ABT | 83 | $9,749.18 |
| ACTIVISION INC | US | ATVI | 2,257 | $175,775.16 |
| ADIDAS AG-SPONSORED ADR | DE | ADDYY | 1,537 | $152,378.18 |
| AERCAP IRELAND CAP/GLOBA 3.00000 10/29/2028 | IE | 420,000 | $368,322.12 | |
| ADYEN NV UNSPON ADR | NL | ADYEY | 8,780 | $135,914.40 |
| AGREE REALTY CORP | US | ADC | 151 | $10,505.07 |
| AIR LIQUIDE-ADR | FR | AIQUY | 7,907 | $276,033.37 |
| AIR LEASE CORP 3.62500 04/01/2027 | US | 420,000 | $399,418.17 | |
| ALASKA AIR 2020-1 CL B 8.00000 08/15/2025 | US | 39,701.43 | $41,652.30 | |
| ALIBABA GROUP HOLDING 4.00000 12/06/2037 | KY | 810,000 | $705,221.13 | |
| ALIBAB GROUP HOLDINGS 2.12500 02/09/2031 | KY | 210,000 | $174,687.52 | |
| ALLSTATE CORPORATION | US | ALL | 30 | $4,100.70 |
| ALPHABET INC-CL A | US | GOOGL | 134 | $304,882.16 |
| AMAZON.COM INC | US | AMZN | 382 | $918,400.58 |
| AMAZON.COM INC 3.30000 04/13/2027 | US | 780,000 | $779,281.43 | |
| DIAGEO PLC | GB | DGE LN | 3,350 | $155,645.27 |
| AMERICAN HOMES 4 RENT- A | US | AMH | 538 | $19,884.48 |
| AMERICAN TOWER REIT INC | US | AMT | 80 | $20,490.40 |
| ANALOG DEVICES INC | US | ADI | 48 | $8,083.20 |
| APPLE HOSPITALITY REIT INC | US | APLE | 1,832 | $30,612.72 |
| ARBOR REALTY TRUST INC 8.00000 04/30/2023 | US | 50,000 | $50,580.06 | |
| ARCHER-DANIELS-MIDLAND CO | US | ADM | 55 | $4,995.10 |
| ASHTEAD CAPITAL INC 4.00000 05/01/2028 | US | 360,000 | $342,324.53 | |
| AUTOMATIC DATA PROCESSING | US | ADP | 33 | $7,357.02 |
| AVALONBAY COMMUNITIES INC | US | AVB | 128 | $26,618.88 |
| AVALON HOLDINGS FNDG LTD 2.75000 02/21/2028 | KY | 1,130,000 | $979,184.79 | |
| BNSF FUNDING TRUST I 6.61300 12/15/2055 | US | 380,000 | $384,700.36 | |
| BANK OF AMERICA CORP 2.68700 04/22/2032 | US | 650,000 | $568,692.20 | |
| BARRICK GOLD CORP | CA | GOLD | 5,123 | $104,970.27 |
| BAXTER INTERNATIONAL INC | US | BAX | 42 | $3,194.10 |
| BEST BUY INC | US | BBY | 29 | $2,379.74 |
| BIOMARIN PHARMACEUTICAL INC | US | BMRN | 4,075 | $306,154.75 |
| BLACKROCK INC | US | BLK | 241 | $161,248.28 |
| BLACKSTONE PRIVATE CRE 2.62500 12/15/2026 | US | 450,000 | $391,516.02 | |
| BLACKSTONE SECURED LEND 2.75000 09/16/2026 | US | 440,000 | $400,287.19 | |
| DECHRA PHARMACEUTICALS PLC | GB | DPH LN | 465 | $21,314.41 |
| BRANDYWINE REALTY TRUST | US | BDN | 911 | $10,157.65 |
| BRISTOL MYERS SQUIBB CO | US | BMY | 146 | $11,015.70 |
| BROADRIDGE FINANCIAL SOLUTIONS | US | BR | 16 | $2,339.52 |
| JONAH ENERGY PARENT LLC | US | 2,051 | $110,056.66 | |
| SORT 2020-1 A1 MTGE 1.69000 07/15/2060 | US | 345,188.81 | $316,686.71 | |
| SORT 2020-1 A2 1.99000 07/15/2060 | US | 275,632.02 | $242,030.74 | |
| C.H. ROBINSON WORLDWIDE INC | US | CHRW | 21 | $2,278.71 |
| CIM 2019-INV1 A1 4.00000 02/25/2049 | US | 14,781.37 | $14,764.16 | |
| CSMC 2013-IVR3 A1 2.50000 05/25/2043 | US | 117,260.19 | $110,017.31 | |
| COTERRA ENERGY INC | US | CTRA | 76 | $2,609.08 |
| CAMDEN PROPERTY TRUST | US | CPT | 123 | $17,649.27 |
| CAMECO CORP | CA | CCJ | 335 | $8,197.45 |
| CAMPBELL SOUP CO | US | CPB | 47 | $2,251.77 |
| CANADIAN NATIONAL RAILWAY CO | CA | CNI | 2,239 | $254,753.42 |
| CARETRUST REIT INC | US | CTRE | 608 | $11,266.24 |
| CATERPILLAR INC | US | CAT | 41 | $8,849.85 |
| CENOVUS ENERGY INC 6.75000 11/15/2039 | CA | 980,000 | $1,104,367.07 | |
| CHARTER COMMUNICATIONS INC-A | US | CHTR | 595 | $301,623.35 |
| CHEVRON CORP | US | CVX | 76 | $13,274.16 |
| CINCINNATI FINANCIAL CORP | US | CINF | 22 | $2,812.92 |
| CISCO SYSTEMS INC | US | CSCO | 259 | $11,667.95 |
| CITIGROUP INC | US | C | 157 | $8,385.37 |
| CITIGROUP INC 1.46200 06/09/2027 | US | 620,000 | $558,478.87 | |
| CLARK CNTY NV 1.51000 11/01/2028 | US | 800,000 | $703,792.11 | |
| COCA COLA CO/THE | US | KO | 4,991 | $316,329.58 |
| COLGATE-PALMOLIVE CO | US | CL | 77 | $6,068.37 |
| COMCAST CORP-CL A | US | CMCSA | 273 | $12,088.44 |
| CBSLT 2019-AGS A1 MTGE 2.54000 01/25/2047 | US | 168,315.66 | $164,335.76 | |
| COMMUNITY HEALTHCARE TRUST I | US | CHCT | 317 | $11,944.56 |
| CONAGRA BRAND INC. | US | CAG | 70 | $2,302.30 |
| CONOCOPHILLIPS | US | COP | 69 | $7,752.84 |
| CONTROLADORA VUELA CIA DE AV | MX | VLRS | 632 | $9,846.56 |
| COPART INC | US | CPRT | 1,475 | $168,931.75 |
| COUSINS PROPERTIES INC | US | CUZ | 751 | $25,947.05 |
| CAALT 2021-2A A 0.96000 02/15/2030 | US | 800,000 | $770,070.19 | |
| CROWN CASTLE INTL CORP 3.10000 11/15/2029 | US | 480,000 | $436,527.02 | |
| CSMC 2013-TH1 A1 2.13000 02/25/2043 | US | 71,373.24 | $65,062.85 | |
| CUMMINS INC | US | CMI | 18 | $3,764.16 |
| COLO 2021-2A A2 MTGE 2.40000 10/25/2051 | US | 410,000 | $373,739.42 | |
| KIMBERLY CLARK DE MEXICO S.A.B. | MX | 14,900 | $23,053.53 | |
| DEVON ENERGY CORPORATION | US | DVN | 54 | $4,044.60 |
| DIAMONDBACK ENERGY INC | US | FANG | 16 | $2,432.32 |
| DIGITAL REALTY TRUST INC | US | DLR | 231 | $32,245.29 |
| DOLLAR GENERAL CORP | US | DG | 830 | $182,882.20 |
| DOLLAR TREE STORES INC | US | DLTR | 1,175 | $188,387.75 |
| DOW INC | US | DOW | 58 | $3,942.84 |
| DUKE RLTY INVTS INC | US | DRE | 524 | $27,682.92 |
| EOG RESOURCES INC | US | EOG | 38 | $5,204.48 |
| EASTMAN CHEM CO | US | EMN | 20 | $2,203.20 |
| EBAY INC | US | EBAY | 52 | $2,530.84 |
| ECO MATERIAL TECH INC 7.87500 01/31/2027 | US | 50,000 | $47,380.48 | |
| ELECTRONIC ARTS | US | EA | 1,407 | $195,080.55 |
| EMERSON ELEC CO | US | EMR | 59 | $5,230.94 |
| ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 | US | 860,000 | $899,333.68 | |
| EQUINIX INC | US | EQIX | 383 | $263,155.47 |
| EQUITY LIFESTYLE PROPERTIES | US | ELS | 463 | $35,049.10 |
| ESSEX PROPERTY TRUST INC | US | ESS | 79 | $22,424.15 |
| EXPEDIA GROUP INC 3.25000 02/15/2030 | US | 430,000 | $380,223.99 | |
| EXTRA SPACE STORAGE INC | US | EXR | 115 | $20,493.00 |
| FMC CORP | US | FMC | 3,289 | $403,165.62 |
| FREMF 2015-K42 B FLT 3.84863 01/25/2048 | US | 180,000 | $177,693.29 | |
| FS ENERGY & POWER FUND 7.50000 08/15/2023 | US | 130,000 | $132,404.72 | |
| FREMF 2014-K41 B FLT 3.83302 11/25/2047 | US | 700,000 | $692,876.00 | |
| FREMF 2013-K28 X2A 0.10000 06/25/2046 | US | 9,824,184.18 | $4,633.18 | |
| META PLATFORMS INC | US | FB | 2,461 | $476,548.04 |
| FHLM POOL G05906 6.00000 04/01/2040 | US | 6,876.16 | $7,597.99 | |
| FHLM POOL G06789 6.00000 05/01/2040 | US | 64,990.02 | $72,089.61 | |
| FHLM POOL G13331 5.50000 10/01/2023 | US | 3,649.98 | $3,710.38 | |
| FHLM POOL G13078 6.00000 03/01/2023 | US | 86.5 | $86.82 | |
| FHLM GOLD POOL FG G08786 4.50000 10/01/2047 | US | 140,423.78 | $144,679.18 | |
| FHLM POOL FG G08734 4.00000 11/01/2046 | US | 15,912.82 | $16,145.08 | |
| FHLM POOL C91746 4.50000 12/01/2033 | US | 18,116.65 | $18,809.14 | |
| FHLM POOL Q93451 4.50000 08/01/2040 | US | 195,808.05 | $204,544.92 | |
| FEDERAL NATL MTG ASSN SD8044 3.00000 02/01/2050 | US | 748,546 | $720,187.22 | |
| FHLM POOL SD8230 4.50000 06/01/2052 | US | 725,000 | $738,821.48 | |
| FHLM GOLD POOL FG Q51334 4.00000 10/01/2047 | US | 109,977.01 | $111,721.24 | |
| FNR 2018-31 KP 3.50000 07/25/2047 | US | 15,979.36 | $16,074.65 | |
| FHMS K030 X1 FLT 0.14558 04/25/2023 | US | 26,612,953.74 | $30,949.00 | |
| FHMS K032 X1 FLT 0.06799 05/25/2023 | US | 16,000,486.07 | $13,716.58 | |
| FEDERAL NATL MTG ASSN AH5442 4.50000 05/01/2041 | US | 100,125.84 | $104,490.83 | |
| FEDERAL NATL MTG ASSN AI5316 4.50000 07/01/2041 | US | 28,612.98 | $29,860.37 | |
| FEDERAL NATL MTG ASSN AL6624 4.50000 09/01/2042 | US | 37,967.5 | $39,622.70 | |
| FEDERAL NATL MTG ASSN AL8674 FLT 5.65900 01/01/2049 | US | 318,718.07 | $348,448.77 | |
| FEDERAL NATL MTG ASSN AS4103 4.50000 12/01/2044 | US | 279,897.88 | $291,872.83 | |
| FEDERAL NATL MTG ASSN 745932 6.50000 11/01/2036 | US | 4,800.11 | $5,372.29 | |
| FEDERAL NATL MTG ASSN BC8677 4.00000 05/01/2046 | US | 140,015.56 | $141,942.37 | |
| FEDERAL NATL MTG ASSN BK0433 3.50000 12/01/2049 | US | 749,267.02 | $741,979.08 | |
| FEDERAL NATL MTG ASSN FN FS1179 3.50000 12/01/2049 | US | 728,714.17 | $724,690.70 | |
| FEDERAL NATL MTG ASSN 888810 5.50000 11/01/2022 | US | 11.36 | $11.36 | |
| FEDERAL NATL MTG ASSN 899735 6.50000 09/01/2037 | US | 3,266.62 | $3,566.14 | |
| FEDERAL NATL MTG ASSN 941175 6.00000 11/01/2037 | US | 1,598.7 | $1,715.96 | |
| FEDERAL NATL MTG ASSN 949709 6.50000 09/01/2037 | US | 13,682.17 | $15,384.67 | |
| FEDERAL NATL MTG ASSN 954580 6.00000 02/01/2038 | US | 8,072.07 | $8,827.50 | |
| FEDERAL NATL MTG ASSN 962276 6.00000 03/01/2038 | US | 2,200.01 | $2,390.90 | |
| FEDERAL NATL MTG ASSN 962981 6.00000 05/01/2038 | US | 4,971.07 | $5,456.79 | |
| FEDERAL NATL MTG ASSN 973297 4.50000 03/01/2023 | US | 497.36 | $500.37 | |
| FEDERAL NATL MTG ASSN 976388 4.50000 04/01/2023 | US | 4,917.85 | $4,937.04 | |
| FEDERAL NATL MTG ASSN 981635 5.00000 06/01/2038 | US | 3,181.91 | $3,382.86 | |
| FEDERAL NATL MTG ASSN 981650 5.00000 06/01/2038 | US | 3,269.79 | $3,476.29 | |
| FEDERAL NATL MTG ASSN MA0258 4.50000 12/01/2039 | US | 6,356.82 | $6,634.72 | |
| FEDERAL NATL MTG ASSN MA1834 4.50000 02/01/2034 | US | 96,691.86 | $100,345.84 | |
| FEDERAL NATL MTG ASSN MA1903 4.50000 05/01/2034 | US | 85,606.81 | $88,841.88 | |
| FEDERAL NATL MTG ASSN FN MA3184 4.50000 11/01/2047 | US | 123,454.86 | $127,085.40 | |
| FEDERAL NATL MTG ASSN FN MA3412 3.50000 07/01/2038 | US | 68,159.85 | $68,201.22 | |
| FEDERAL NATL MTG FN MA4203 2.50000 12/01/2040 | US | 870,413.47 | $818,739.44 | |
| FEDERAL NATL MTG ASSN MA4600 3.50000 05/01/2052 | US | 752,625.66 | $738,336.05 | |
| FEDERAL NATL MTG ASSN MA4644 4.00000 05/01/2052 | US | 743,399.65 | $744,364.03 | |
| FEDERAL NATL MTG ASSN FN MA4687 4.00000 06/01/2042 | US | 740,000 | $748,950.30 | |
| FEDERAL NATL MTG ASSN AD0220 6.00000 10/01/2038 | US | 14,535.48 | $16,050.82 | |
| FEDEX CORPORATION | US | FDX | 645 | $144,854.10 |
| FIFTH THIRD BANCORP | US | FITB | 85 | $3,351.55 |
| FLX 2021-1A A2 3.25000 11/27/2051 | US | 670,000 | $620,798.28 | |
| FONTAINEBLEAU MIAMI BEACH TRUST 3.14400 12/10/2036 | US | 470,000 | $452,918.26 | |
| FREMF 2015-K720 B FLT 3.45856 07/25/2022 | US | 56,019.71 | $56,012.15 | |
| GSMBS 2021-PJ6 A8 2.50000 11/25/2051 | US | 829,402.71 | $770,813.87 | |
| GSMBS 2021-PJ9 A8 2.50000 02/26/2052 | US | 312,117.51 | $289,467.71 | |
| GSMBS 2021-INV1 A9 1.43446 12/25/2051 | US | 415,741.06 | $393,424.41 | |
| GNMA POOL 660997 5.50000 05/15/2037 | US | 19,463.54 | $20,713.83 | |
| GENERAL DYNAMICS CORP | US | GD | 26 | $5,847.66 |
| GENERAL MLS INC | US | GIS | 64 | $4,470.40 |
| GENUINE PARTS CO | US | GPC | 20 | $2,734.60 |
| GETTY REALTY CORP | US | GTY | 410 | $11,455.40 |
| GILEAD SCIENCES INC | US | GILD | 113 | $7,328.05 |
| GNR 2017-54 AH MTGE 2.60000 12/16/2056 | US | 127,666.91 | $124,337.61 | |
| GRAPHIC PACKAGING HOLDING CO | US | GPK | 13,232 | $294,544.32 |
| GREENIDGE GEN HLD INC | US | 2,600 | $51,792.00 | |
| GRUPO AEROPORTUARIO PAC-ADR | MX | PAC | 66 | $9,925.08 |
| GRUPO AEROPORTUARIO DEL SURESTE | MX | ASR | 48 | $10,429.92 |
| AIRBUS SE | FR | AIR FP | 150 | $17,579.37 |
| ADIDAS AG | DE | ADS GR | 164 | $32,581.49 |
| HCA INC 4.12500 06/15/2029 | US | 560,000 | $545,129.88 | |
| L'OREAL | FR | OR FP | 18 | $6,357.81 |
| HAWAII ST 2.68200 10/01/2038 | US | 380,000 | $300,915.63 | |
| HEALTHCARE REALTY TRUST INC | US | HR | 525 | $15,261.75 |
| HEALTHCARE TRUST OF AMERICA | US | HTA | 360 | $10,818.00 |
| HEINEKEN NV-SPN ADR | NL | HEINY | 3,282 | $165,544.08 |
| HOME DEPOT INC | US | HD | 57 | $17,256.75 |
| HONEYWELL INTERNATIONAL INC | US | HON | 52 | $10,068.24 |
| IDEXX LABORATORIES INC | US | IDXX | 338 | $132,367.56 |
| KERRY GROUP PLC-A | IE | KYGA ID | 116 | $12,004.87 |
| ILLINOIS TOOL WKS INC | US | ITW | 30 | $6,242.10 |
| IMPRL 2021-NQM3 1.59500 11/25/2056 | US | 379,993.76 | $360,743.24 | |
| INDEPENDENCE REALTY TRUST IN | US | IRT | 544 | $12,789.44 |
| INTEL CORP | US | INTC | 287 | $12,748.54 |
| INTERCONTINENTALEXCHANGE INC | US | ICE | 2,769 | $283,517.91 |
| INTERNATIONAL FLVRS & FRAGRANCES | US | IFF | 30 | $3,965.10 |
| INVITATION HOMES INC | US | INVH | 869 | $32,778.68 |
| ITALY GOV'T INT BOND 2.37500 10/17/2024 | IT | 100,000 | $97,812.44 | |
| JP MORGAN CHASE & CO | US | JPM | 149 | $19,702.27 |
| JPMMT 2014-2 1A1 3.00000 06/25/2029 | US | 104,873.22 | $101,497.58 | |
| JPMORGAN CHASE & CO 4.49300 03/24/2031 | US | 920,000 | $932,174.03 | |
| JOHNSON & JOHNSON | US | JNJ | 3,393 | $609,145.29 |
| KREF 2021-FL2 A 1.95671 02/15/2039 | US | 400,000 | $387,473.04 | |
| KEYCORP | US | KEY | 94 | $1,876.24 |
| KROGER CO | US | KR | 73 | $3,866.81 |
| L3HARRIS TECHNOLOGIES INC | US | LHX | 740 | $178,266.00 |
| BEIERSDORF AG | DE | BEI GR | 296 | $30,722.24 |
| LENNAR CORP | US | LEN | 28 | $2,247.00 |
| LIFE STORAGE INC | US | LSI | 202 | $23,585.52 |
| LOCKHEED MARTIN CORP | US | LMT | 20 | $8,802.20 |
| LULULEMON - ADR | CA | LULU | 656 | $192,004.64 |
| MAGALLANES INC 4.05400 03/15/2029 | US | 970,000 | $929,880.64 | |
| ATOS SE | FR | ATO FP | 905 | $23,823.66 |
| MARATHON PETROLEUM CORP | US | MPC | 41 | $4,173.39 |
| MARRIOTT VACATIONS WORLD | US | VAC | 86 | $12,703.92 |
| MASTERCARD INC-CLASS A | US | MA | 1,496 | $535,373.52 |
| MCDONALDS CORP | US | MCD | 34 | $8,575.14 |
| ACCOR SA | FR | AC FP | 375 | $12,339.28 |
| MERCADOLIBRE INC | AR | MELI | 20 | $15,717.60 |
| MERCK & CO INC | US | MRK | 162 | $14,908.86 |
| MICROSOFT CORP | US | MSFT | 2,140 | $581,801.80 |
| MICROCHIP TECHNOLOGY INC | US | MCHP | 47 | $3,414.55 |
| MID-AMERICA APARTMENT COMM | US | MAA | 163 | $29,503.00 |
| MONDELEZ INTERNATIONAL INC | US | MDLZ | 5,674 | $360,639.44 |
| MOODY'S CORPORATION | US | MCO | 994 | $299,760.58 |
| MOTOROLA SOLUTIONS INC | US | MSI | 19 | $4,175.06 |
| NAVIENT CORP 6.75000 06/25/2025 | US | 125,000 | $126,166.87 | |
| NETAPP INC | US | NTAP | 33 | $2,374.35 |
| NRZT 2014-3A AFX3 3.75000 11/25/2054 | US | 148,760.6 | $146,120.68 | |
| NRZT 2015-2A A1 3.75000 08/25/2055 | US | 162,212.63 | $158,031.15 | |
| NRZT 2016-4A A1 3.75000 11/25/2056 | US | 223,724.54 | $218,638.77 | |
| KEYENCE CORP | JP | 6861 JP | 100 | $39,757.66 |
| NEW YORK CITY NY TRANSITIONALFIN 1.58000 05/01/2024 | US | 215,000 | $208,712.11 | |
| NEWCASTLE COAL INFRASTRU 4.40000 09/29/2027 | AU | 430,000 | $390,861.65 | |
| NEWMONT GOLDCORP CORP | US | NEM | 1,551 | $105,235.35 |
| NEXPOINT RESIDENTIAL | US | NXRT | 155.9 | $11,455.84 |
| NORFOLK SOUTHN CORP | US | NSC | 662 | $158,654.92 |
| NIKON CORP | JP | 7731 JP | 2,400 | $29,779.93 |
| NORTHROP GRUMMAN CORP | US | NOC | 399 | $186,720.03 |
| NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 | CA | 135,000 | $13.50 | |
| NOVARTIS AG- REG | CH | NVS | 4,685 | $426,053.90 |
| NUCOR CORP | US | NUE | 28 | $3,708.88 |
| OMNICOM GROUP | US | OMC | 33 | $2,462.13 |
| SONY CORP FIRST SECTION | JP | 6758 JP | 200 | $18,757.89 |
| OWL ROCK TECHNOLOGY 3.75000 06/17/2026 | US | 380,000 | $353,855.19 | |
| OXFIN 2020-1A A2 3.10100 02/15/2028 | US | 239,254.75 | $237,874.82 | |
| OXFIN 2019-1A A2 4.45900 02/15/2027 | US | 476,480.6 | $475,349.53 | |
| OXFIN 2022-1A 3.60200 02/15/2030 | US | 575,000 | $547,319.62 | |
| PPG INDUSTRIES INC | US | PPG | 20 | $2,529.80 |
| PACKAGING CORP OF AMERICA | US | PKG | 15 | $2,359.20 |
| PARKER HANNIFIN CORP | US | PH | 11 | $2,993.87 |
| DEUTSCHE BOERSE AG | DE | DB1 GR | 235 | $39,494.84 |
| PAYPAL HOLDINGS INC | US | PYPL | 3,283 | $279,744.43 |
| PEAR 2021-1 A MTGE 2.60000 01/15/2034 | US | 755,512.75 | $727,054.78 | |
| NESTLE SA-REGISTERED | CH | NESN SW | 2,643 | $323,284.44 |
| PFIZER INC | US | PFE | 235 | $12,464.40 |
| PIONEER NATURAL RESOURCES CO | US | PXD | 17 | $4,724.98 |
| POPULAR INC 6.12500 09/14/2023 | PR | 125,000 | $126,414.78 | |
| PROCTER & GAMBLE CO | US | PG | 125 | $18,485.00 |
| PROLOGIS | US | PLD | 802 | $102,238.96 |
| PFMT 2021 -INV1 A1 2.50000 08/25/2051 | US | 643,696.61 | $565,419.19 | |
| PFMT 2021-2 A2A 2.00000 04/25/2051 | US | 414,860.36 | $375,828.55 | |
| PUBLIC STORAGE INC | US | PSA | 146 | $48,273.44 |
| QUALCOMM INC | US | QCOM | 84 | $12,030.48 |
| QUALCOMM INC 4.25000 05/20/2032 | US | 730,000 | $758,008.61 | |
| QUEST DIAGNOSTICS INC | US | DGX | 19 | $2,679.38 |
| RCKT 2021-6 A1 2.50000 12/25/2051 | US | 409,030.87 | $358,784.77 | |
| RADIUS GLOBAL INFRASTRUCTURE | US | RADI | 2,675 | $39,857.50 |
| RAILWORKS HOLDINGS LP/R 8.25000 11/15/2028 | US | 170,000 | $164,508.74 | |
| REGIONS FINANCIAL CORP. | US | RF | 132 | $2,915.88 |
| REPUBLIC SERVICES INC | US | RSG | 34 | $4,550.56 |
| RESTAURANT BRANDS INTERN | CA | QSR | 250 | $13,127.50 |
| REXFORD INDUSTRIAL REALITY IN | US | REXR | 495 | $31,615.65 |
| GETINGE AB-B SHS | SE | GETIB SS | 718 | $20,837.23 |
| ROSS STORES INC | US | ROST | 28 | $2,380.56 |
| HEINEKEN NV | NL | HEIA NA | 196 | $19,708.40 |
| RYANAIR HOLDINGS - ADR | IE | RYAAY | 1,886 | $164,459.20 |
| S&P GLOBAL INC | US | SPGI | 322 | $112,532.56 |
| SBA COMMUNICATIONS CORP | US | SBAC | 1,468 | $494,143.48 |
| NAVIENT CORP 5.50000 01/25/2023 | US | 50,000 | $50,210.20 | |
| SLMA 2006-10 A6 FLT 1.33400 03/25/2044 | US | 104,367.76 | $99,095.40 | |
| SMB 2015 B A3 2.62471 05/17/2032 | US | 660,807.98 | $665,446.66 | |
| SMB 2020-BA A1A 1.29000 07/15/2053 | US | 396,198.97 | $369,400.75 | |
| SOFI 2017-D A2FX 2.65000 09/25/2040 | US | 199,095.8 | $197,113.12 | |
| SALESFORCE INC | US | CRM | 1,685 | $270,004.40 |
| SEA LTD - ADR | SG | SE | 2,107 | $174,164.62 |
| SEAGEN INC | US | SGEN | 2,449 | $332,280.32 |
| SEMT 2013-6 A2 3.00000 05/25/2043 | US | 115,948.05 | $108,584.75 | |
| SEMT 2013-7 A2 3.00000 06/25/2043 | US | 76,829.91 | $71,990.88 | |
| SEMT 2013-8 A1 3.00000 06/25/2043 | US | 88,599.5 | $83,215.55 | |
| SEMT 2013-2 1.87400 02/25/2043 | US | 68,449.31 | $61,991.73 | |
| SERVICENOW INC | US | NOW | 636 | $297,310.92 |
| SHOPIFY INC | CA | SHOP | 15 | $5,626.80 |
| SIMON PROPERTY GROUP LP 2.65000 02/01/2032 | US | 1,230,000 | $1,062,271.58 | |
| SKYWORKS SOLUTIONS INC | US | SWKS | 18 | $1,959.66 |
| SMB 2019-B A2A 2.84000 06/15/2037 | US | 509,372.42 | $494,097.72 | |
| JM SMUCKER CO/THE-NEW COM WI | US | SJM | 16 | $2,005.92 |
| SOFI 2016-C A2B 2.36000 12/27/2032 | US | 14,024.89 | $14,008.70 | |
| SOFI 2016-D A2B 2.34000 04/25/2033 | US | 15,455.69 | $15,360.85 | |
| SOFI 2018-B A2FX MTGE 3.34000 08/25/2047 | US | 83,305.79 | $82,737.69 | |
| SONY CORP SPONSORED ADR | JP | SONY | 1,700 | $159,919.00 |
| SOUTH CAROLINA ST PUBLIC SVC 1.85200 12/01/2026 | US | 290,000 | $266,558.68 | |
| SOUTHWEST AIRLINES CO 5.25000 05/04/2025 | US | 700,000 | $730,698.26 | |
| STANLEY BLACK & DECKER INC | US | SWK | 16 | $1,899.04 |
| SRPT 2014-STAR A FLTG RATE 2.34500 11/15/2027 | US | 886,341.61 | $609,267.20 | |
| STEEL DYNAMICS INC | US | STLD | 28 | $2,390.64 |
| STR 2019-1 A1 MTGE 2.82000 11/20/2049 | US | 287,025.3 | $267,688.00 | |
| SUN COMMUNITIES | US | SUI | 241 | $39,555.33 |
| SYNCHRONOSS TECH | US | 5,900 | $130,862.00 | |
| SYNERGY ONE LENDING 5.50000 10/14/2026 | US | 135,000 | $120,420.72 | |
| TJX COMPANIES INC | US | TJX | 73 | $4,640.61 |
| TAIWAN SEMICONDUCTOR - SP ADR | TW | TSM | 1,837 | $175,066.10 |
| TARGET CORP | US | TGT | 28 | $4,532.64 |
| TENCENT HOLDINGS 3.97500 04/11/2029 | KY | 1,560,000 | $1,503,122.43 | |
| TERRENO REALTY CORP | US | TRNO | 277 | $16,816.67 |
| TEXAS INSTRUMENTS INC | US | TXN | 49 | $8,661.24 |
| THERMO FISHER SCIENTIFIC INC | US | TMO | 309 | $175,379.13 |
| 3M CO | US | MMM | 50 | $7,464.50 |
| TPMT 2016-5 A1 2.50000 10/25/2056 | US | 142,287.54 | $141,666.26 | |
| TPMT 2017-1 A1 2.75000 10/25/2056 | US | 62,780.84 | $62,533.70 | |
| TPMT 2019-HY1 A1 2.00571 10/25/2048 | US | 107,472.08 | $106,402.12 | |
| TRACTOR SUPPLY COMPANY | US | TSCO | 11 | $2,060.96 |
| TRAVELLERS COS INC | US | TRV | 26 | $4,655.04 |
| TCF 2021-1A 1.86000 03/20/2046 | US | 608,062.5 | $533,522.39 | |
| TYSON FOODS INC -CL A | US | TSN | 41 | $3,674.01 |
| UDR INC | US | UDR | 597 | $28,536.60 |
| U.S. BANCORP | US | USB | 130 | $6,899.10 |
| UNILEVER PLC - ADR | GB | UL | 8,461 | $408,920.13 |
| UNION PAC CORP | US | UNP | 46 | $10,109.88 |
| UNITED AIR 2019-2 B PTT 3.50000 05/01/2028 | US | 108,554.1 | $97,711.61 | |
| UNITED AIR 2018-1 B PTT 4.60000 03/01/2026 | US | 23,815.46 | $22,309.55 | |
| UNITED PARCEL SERVICE | US | UPS | 828 | $150,903.00 |
| US TREASURY N/B 2.50000 02/15/2045 | US | 1,095,000 | $948,030.47 | |
| US TREASURY N/B 2.00000 02/15/2050 | US | 1,210,000 | $954,576.56 | |
| US TREASURY N/B 1.62500 05/15/2026 | US | 7,755,000 | $7,413,901.21 | |
| UNITED STATES TREAS NTS 1.75000 05/15/2023 | US | 4,165,000 | $4,149,869.35 | |
| US TREASURY N/B 2.50000 05/15/2024 | US | 8,445,000 | $8,444,010.33 | |
| UNITED STATES TREAS NTS 2.12500 05/15/2025 | US | 8,685,000 | $8,538,440.63 | |
| VF CORP | US | VFC | 39 | $1,967.94 |
| VENTAS INC | US | VTR | 290 | $16,454.60 |
| VERTEX PHARMACEUTICALS INC | US | VRTX | 1,238 | $332,588.70 |
| PARAMOUNT GLOBAL CLASS B | US | PARA | 64 | $2,197.12 |
| VISA INC - CLASS A SHARES | US | V | 2,510 | $532,546.70 |
| VISTRA OPERATIONS CO LLC 3.55000 07/15/2024 | US | 175,000 | $171,778.68 | |
| VISTRA OPERATIONS 4.87500 05/13/2024 | US | 605,000 | $607,298.06 | |
| WAL MART STORES | US | WMT | 135 | $17,365.05 |
| WALGREENS BOOTS ALLIANCE INC | US | WBA | 72 | $3,155.76 |
| WARRIOR MET COAL INC 7.87500 12/01/2028 | US | 45,000 | $45,643.52 | |
| WASTE MANAGEMENT INC | US | WM | 39 | $6,181.89 |
| WELLTOWER INC. | US | WELL | 336 | $29,934.24 |
| WIN 2015-1 A1 3.50000 01/20/2045 | US | 49,758.14 | $47,572.15 | |
| ZOETIS INC | US | ZTS | 464 | $79,311.52 |
| BNY MELLON CASH RESERVE EOD FUND | US | 29.97 | $29.97 | |
| ADMIRAL GROUP PLC | GB | ADM LN | 836 | $23,405.81 |
| GRUPO AEROPORTUARIO DEL CENT | MX | OMAB MM | 1,300 | $9,367.95 |
| UBISOFT ENTERTAINMENT | FR | UBI FP | 478 | $25,129.93 |
| DANONE | FR | BN FP | 233 | $13,709.14 |
| AIR LIQUIDE | FR | AI FP | 251 | $43,967.14 |
| CANADIAN GOVERNMENT FLT 2.75000 06/01/2022 | CA | 140,000 | $110,685.06 | |
| MEX BONOS DESARR FIX RT 6.50000 06/09/2022 | MX | 1,100,000 | $55,884.69 | |
| BRENNTAG AG | DE | BNR GR | 417 | $32,266.03 |
| MEX BONOS DESARR FIX RT 7.75000 05/29/2031 | MX | 350,000 | $16,828.03 | |
| KEYWORDS STUDIOS PLC | IE | KWS LN | 195 | $5,761.80 |
| S4 CAPITAL PLC | GB | SFOR LN | 3,707 | $13,258.39 |
| HELIOS TOWERS PLC | GB | HTWS LN | 7,212 | $10,332.93 |
| AVANZA BANK HOLDING AB | SE | AZA SS | 835 | $20,117.05 |
| AMERICAN TANKER INC 7.75000 07/02/2025 | US | 135,000 | $128,250.00 | |
| SOFTWAREONE HOLDING AG | CH | SWON SW | 1,049 | $14,010.16 |
| FLAGSHIP COMMUNITIES REIT UT | US | MHC/U CN | 851 | $15,045.68 |
| SEASPAN CORP 6.50000 02/05/2024 | MH | 200,000 | $199,497.02 | |
| PETROTAL CORP 12.00000 02/16/2024 | CA | 124,000 | $127,720.00 | |
| FINECOBANK SPA | IT | FBK IM | 2,590 | $36,701.82 |
| ALLFUNDS GROUP PLC | GB | ALLFG NA | 778 | $7,096.53 |
| COPPER MOUNTAIN MINING C 8.00000 04/09/2026 | CA | 46,000 | $45,971.14 | |
| AIRSWIFT GLOBAL AS FLT 10.38899 05/12/2025 | NO | 200,000 | $200,332.66 | |
| KENT GLOBAL PLC 10.00000 06/28/2026 | GB | 50,000 | $49,500.00 | |
| ROTORK PLC | GB | ROR LN | 5,317 | $18,712.70 |
| AUTO TRADER GROUP PLC | GB | AUTO LN | 4,645 | $34,554.95 |
| CELLNEX TELECOM SA | ES | CLNX SM | 228 | $10,289.45 |
| ASSA ABLOY AB-B | SE | ASSAB SS | 1,152 | $28,398.05 |
| CLEANAWAY WASTE MANAGEMENT | AU | CWY AU | 9,941 | $21,304.60 |
| INTERMEDIATE CAPITAL GROUP | GB | ICP LN | 884 | $17,551.10 |
| ADYEN NV | NL | ADYEN NA | 19 | $29,424.65 |
| BANK OF N.T. BUTTERFIELD&SON | BM | NTB | 387 | $12,221.46 |
| BUNGE LIMITED | US | BG | 20 | $2,366.40 |
| EATON CORP PLC | US | ETN | 41 | $5,682.60 |
| JOHNSON CONTROLS INTERNATIONAL | US | JCI | 75 | $4,088.25 |
| MEDTRONIC INC | IE | MDT | 2,309 | $231,246.35 |
| ROYALTY PHARMA PLC- CL A | US | RPRX | 57 | $2,344.98 |
| STONECO LTD-A | BR | STNE | 823 | $8,262.92 |
| TRANE TECHNOLOGIES | IE | TT | 19 | $2,623.14 |
| ALCON INC | CH | ALC | 2,825 | $211,112.25 |
| CHUBB LTD | CH | CB | 36 | $7,606.44 |
| GARMIN LTD | CH | GRMN | 27 | $2,851.74 |
| TE CONNECTIVITY LIMITED | CH | TEL | 27 | $3,493.53 |
| LYONDELLBASELL INDU-CL A | US | LYB | 28 | $3,199.00 |
| PLAYA HOTELS AND RESORTS | US | PLYA | 1,186 | $10,247.04 |
| US DOLLAR | US | 3,173,554.52 | $3,173,554.52 | |
| BROOGE PETROLEUM AND GAS 8.50000 09/24/2025 | AE | 186,000 | $185,830.03 |
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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