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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 his or her current risk tolerance and investment time horizon, then decide when to move to a different objective as his or her 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 |
| 15-45% | 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
$34.02
Daily $ Change
$0.00
Daily % Change
0.00%
as of 04/16/2021
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 03/31/2021
YTD
0.91%
1 Year
18.13%
3 Year
7.65%
5 Year
6.58%
10 Year
5.14%
Inception
(01/01/2000)
5.85%
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 | 0.87% |
| Net | 0.85%* |
*Reflects the Trustee’s contractual agreement to limit fees and voluntary agreement to reimburse certain expenses.
Top Ten Investments
As of 03/31/2021
| TREASURY NOTES | 19.61% |
| GOVERNMENT AGENCY | 8.74% |
| ISHARES BROAD USD INVESTMENT 1.64000 | 1.77% |
| TENCENT HOLDINGS 3.97500 04/11/2029 | 1.34% |
| VERIZON COMMUNICATIONS 4.27200 01/15/2036 | 1.07% |
| JOHNSON & JOHNSON | 0.95% |
| AMERICAN TOWER CORP 3.80000 08/15/2029 | 0.90% |
| FACEBOOK INC -A | 0.85% |
| SABINE PASS LIQUEFACTION 5.87500 06/30/2026 | 0.85% |
| AERCAP IRELAND CAP / GLOBA 4.45000 10/01/2025 | 0.84% |
This investment list is unaudited and excludes cash.
Asset Allocation
As of 03/31/2021
| Bonds | 64.38% |
| Stocks | 32.78% |
| Cash | 2.84% |
Detailed Asset Class Allocation
As of 03/31/2021
| International Equities | 6.55% |
| Small Capitalization | 0.92% |
| Mid Capitalization | 2.91% |
| Large Capitalization | 22.40% |
| Long Term Fixed Income | 17.35% |
| Intermediate Term Fixed Income | 41.43% |
| Short Term Fixed Income | 5.60% |
| Cash | 2.84% |
Due to rounding, the sum of the detailed asset class allocation categories may not equal the asset allocation totals provided above.
March Fund Holdings
As of 03/31/2021
| CUSIP | Security Description | Country | Ticker | Shares/Par | Market Value (USD) |
|---|---|---|---|---|---|
| 00206RDQ2 | AT&T INC 4.25000 03/01/2027 | US | 310,000 | $348,207.79 | |
| 00287Y109 | ABBVIE INC | US | ABBV | 3,111 | $336,672.42 |
| 00507V109 | ACTIVISION INC | US | ATVI | 2,639 | $245,427.00 |
| 00774MAG0 | AERCAP IRELAND CAP / GLOBA 4.45000 10/01/2025 | IE | 970,000 | $1,053,396.94 | |
| 00791GAA5 | AG MERGER SUB II INC 10.75000 08/01/2027 | US | 25,000 | $27,978.25 | |
| 00842XAA7 | AFFINITY GAMING 6.87500 12/15/2027 | US | 25,000 | $26,343.75 | |
| 008474108 | AGNICO EAGLE MINES LTD | CA | AEM | 3,435 | $198,577.35 |
| 008492100 | AGREE REALTY CORP | US | ADC | 692 | $46,578.52 |
| 00912XAV6 | AIR LEASE CORP 3.62500 04/01/2027 | US | 420,000 | $441,612.42 | |
| 01166WAA5 | ALASKA AIR 2020-1 CL B 8.00000 08/15/2025 | US | 49,467.44 | $54,928.89 | |
| 01609W102 | ALIBABA GROUP - ADR | CN | BABA | 1,551 | $351,658.23 |
| 01609WAU6 | ALIBABA GROUP HOLDING 4.00000 12/06/2037 | KY | 425,000 | $456,914.44 | |
| 01609WAY8 | ALIBABA GROUP HOLDING 2.70000 02/09/2041 | KY | 425,000 | $384,800.50 | |
| 02079K305 | ALPHABET INC-CL A | US | GOOGL | 366 | $754,882.32 |
| 023135106 | AMAZON.COM INC | US | AMZN | 296 | $915,847.68 |
| 0237400 | DIAGEO PLC | GB | DGE LN | 4,288 | $176,157.55 |
| 024835100 | AMERICAN CAMPUS COMMUNITIES | US | ACC | 864 | $37,298.88 |
| 025816109 | AMERICAN EXPRESS CO | US | AXP | 1,654 | $233,941.76 |
| 02665T306 | AMERICAN HOMES 4 RENT- A | US | AMH | 2,519 | $83,983.46 |
| 03027X100 | AMERICAN TOWER REIT INC | US | AMT | 1,707 | $408,075.42 |
| 03027XAW0 | AMERICAN TOWER CORP 3.80000 08/15/2029 | US | 1,040,000 | $1,131,596.80 | |
| 03064D108 | AMERICOLD REALTY TRUST | US | COLD | 2,243 | $86,288.21 |
| 03690AAF3 | ANTERO MIDSTREAM PART/FI 5.75000 01/15/2028 | US | 25,000 | $24,968.75 | |
| 03750L109 | APARTMENT INCOME REIT CO | US | AIRC | 445 | $19,028.20 |
| 03784Y200 | APPLE HOSPITALITY REIT INC | US | APLE | 2,510 | $36,570.70 |
| 045054AJ2 | ASHTEAD CAPITAL INC 4.00000 05/01/2028 | US | 360,000 | $376,070.40 | |
| 053015103 | AUTOMATIC DATA PROCESSING | US | ADP | 866 | $163,215.02 |
| 053484101 | AVALONBAY COMMUNITIES INC | US | AVB | 322 | $59,412.22 |
| 05401AAG6 | AVOLON HOLDINGS FNDG LTD 4.37500 05/01/2026 | KY | 420,000 | $438,876.13 | |
| 05401AAJ0 | AVOLON HOLDINGS FNDG LTD 3.25000 02/15/2027 | KY | 420,000 | $416,345.90 | |
| 055622104 | BP PLC-SPONS ADR | GB | BP | 4,135 | $100,687.25 |
| 05567SAA0 | BNSF FUNDING TRUST I 6.61300 12/15/2055 | US | 380,000 | $435,407.04 | |
| 060505104 | BANK OF AMERICA CORP | US | BAC | 11,966 | $462,964.54 |
| 06051GFM6 | BANK OF AMERICA CORP 4.00000 01/22/2025 | US | 490,000 | $535,359.52 | |
| 067901108 | BARRICK GOLD CORP | CA | GOLD | 10,280 | $203,544.00 |
| 071734AH0 | BAUSCH HEALTH COS INC 5.00000 01/30/2028 | CA | 40,000 | $40,768.00 | |
| 07403VAA7 | BEASLEY MEZ HLDGS LLC 8.62500 02/01/2026 | US | 25,000 | $25,125.00 | |
| 084423102 | WR BERKLEY CORP | US | WRB | 3,999 | $301,324.65 |
| 084670702 | BERKSHIRE HATHAWAY INC-CL B | US | BRK/B | 2,095 | $535,209.65 |
| 09061G101 | BIOMARIN PHARMACEUTICAL INC | US | BMRN | 5,698 | $430,255.98 |
| 09261XAA0 | BLACKSTONE SECURED LEND 2.75000 09/16/2026 | US | 440,000 | $436,954.30 | |
| 105368203 | BRANDYWINE REALTY TRUST | US | BDN | 2,938 | $37,929.58 |
| 110122108 | BRISTOL MYERS SQUIBB CO | US | BMY | 4,343 | $274,173.59 |
| 12345678 | JONAH ENERGY PARENT LLC | US | 2,051 | $30,765.00 | |
| 12467AAF5 | C&S GROUP ENTERPRISES LL 5.00000 12/15/2028 | US | 35,000 | $34,037.50 | |
| 12514G108 | CDW CORP/DE | US | CDW | 1,560 | $258,570.00 |
| 12530MAA3 | SORT 2020-1 A1 MTGE 1.69000 07/15/2060 | US | 357,892.06 | $360,486.38 | |
| 12530MAB1 | SORT 2020-1 A2 1.99000 07/15/2060 | US | 289,139.28 | $286,526.82 | |
| 12555DAA3 | CIM 2019-INV1 A1 4.00000 02/25/2049 | US | 61,166.38 | $62,276.71 | |
| 12598FAA7 | CPI CG INC 8.62500 03/15/2026 | US | 40,000 | $41,911.60 | |
| 12646XAH5 | CSMC 2013-IVR3 A1 2.50000 05/25/2043 | US | 210,101.69 | $211,770.67 | |
| 12654TAA8 | CNX MIDSTREAM PTR/CNX 6.50000 03/15/2026 | US | 45,000 | $45,787.50 | |
| 127097103 | CABOT OIL & GAS CORP | US | COG | 29,212 | $548,601.36 |
| 133131102 | CAMDEN PROPERTY TRUST | US | CPT | 463 | $50,888.33 |
| 133131AZ5 | CAMDEN PROPERTY TRUST 2.80000 05/15/2030 | US | 750,000 | $768,827.28 | |
| 13321L108 | CAMECO CORP | CA | CCJ | 14,240 | $236,526.40 |
| 136375102 | CANADIAN NATIONAL RAILWAY CO | CA | CNI | 1,350 | $156,573.00 |
| 14174T107 | CARETRUST REIT INC | US | CTRE | 1,098 | $25,566.93 |
| 149123101 | CATERPILLAR INC | US | CAT | 1,315 | $304,909.05 |
| 14980AAA0 | CAZENOVIA CREEK FUNDING LLC 3.56070 07/15/2030 | US | 87,129.15 | $87,542.08 | |
| 156700BA3 | CENTURYLINK INC 7.50000 04/01/2024 | US | 20,000 | $22,417.00 | |
| 16119P108 | CHARTER COMMUNICATIONS INC-A | US | CHTR | 599 | $369,594.98 |
| 17275R102 | CISCO SYSTEMS INC | US | CSCO | 7,783 | $402,458.93 |
| 172967424 | CITIGROUP INC | US | C | 3,586 | $260,881.50 |
| 172967KA8 | CITIGROUP INCA 4.45000 09/29/2027 | US | 650,000 | $732,000.49 | |
| 180848P56 | CLARK CNTY NV 1.51000 11/01/2028 | US | 800,000 | $768,728.00 | |
| 191216100 | COCA COLA CO/THE | US | KO | 8,088 | $426,318.48 |
| 194162103 | COLGATE-PALMOLIVE CO | US | CL | 2,444 | $192,660.52 |
| 20030N101 | COMCAST CORP-CL A | US | CMCSA | 6,287 | $340,189.57 |
| 20030NCY5 | COMCAST CORP 3.25000 11/01/2039 | US | 780,000 | $801,831.78 | |
| 20268CAA6 | CBSLT 2019-AGS A1 MTGE 2.54000 01/25/2047 | US | 287,583.03 | $295,031.43 | |
| 20369C106 | COMMUNITY HEALTHCARE TRUST I | US | CHCT | 1,078 | $49,717.36 |
| 20825C104 | CONOCOPHILLIPS | US | COP | 6,785 | $359,401.45 |
| 217204106 | COPART INC | US | CPRT | 2,049 | $222,541.89 |
| 222795502 | COUSINS PROPERTIES INC | US | CUZ | 2,259 | $79,855.65 |
| 225310AM3 | CREDIT ACCEPTANC 6.62500 03/15/2026 | US | 40,000 | $42,100.00 | |
| 22534GAA1 | CAALT 2020-1A 2.01000 02/15/2029 | US | 440,000 | $447,428.12 | |
| 22536BAA0 | CAALT 2020-3A A 1.24000 10/15/2029 | US | 670,000 | $676,186.71 | |
| 22537CAA7 | CAALT 2021-2A A 0.96000 02/15/2030 | US | 800,000 | $799,014.64 | |
| 22822V101 | CROWN CASTLE INTL CORP | US | CCI | 128 | $22,032.64 |
| 22822VAN1 | CROWN CASTLE INTL CORP 3.10000 11/15/2029 | US | 820,000 | $844,332.18 | |
| 22822VAR2 | CROWN CASTLE INTL CORP 3.30000 07/01/2030 | US | 260,000 | $271,452.09 | |
| 22944PAA5 | CSMC 2013-TH1 A1 2.13000 02/25/2043 | US | 130,855.62 | $132,447.44 | |
| 23311VAG2 | DCP MIDSTREAM 5.37500 07/15/2025 | US | 25,000 | $27,090.63 | |
| 25243Q205 | DIAGEO PLC-SPONSORED ADR | GB | DEO | 1,038 | $170,449.98 |
| 253868103 | DIGITAL REALTY TRUST INC | US | DLR | 677 | $95,348.68 |
| 256677105 | DOLLAR GENERAL CORP | US | DG | 1,252 | $253,680.24 |
| 256746108 | DOLLAR TREE STORES INC | US | DLTR | 2,164 | $247,691.44 |
| 25960P109 | DOUGLAS EMMETT INC | US | DEI | 1,244 | $39,061.60 |
| 264411505 | DUKE RLTY INVTS INC | US | DRE | 1,684 | $70,610.12 |
| 267475AD3 | DYCOM INDUSTRIES INC 4.50000 04/15/2029 | US | 30,000 | $30,046.20 | |
| 26875P101 | EOG RESOURCES INC | US | EOG | 3,507 | $254,362.71 |
| 26884L109 | EQT CORP | US | EQT | 14,465 | $268,759.70 |
| 285512109 | ELECTRONIC ARTS | US | EA | 1,789 | $242,176.93 |
| 291011104 | EMERSON ELEC CO | US | EMR | 1,977 | $178,364.94 |
| 29273RAR0 | ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 | US | 860,000 | $1,022,846.53 | |
| 29275YAC6 | ENERSYS 4.37500 12/15/2027 | US | 25,000 | $25,562.50 | |
| 29444U700 | EQUINIX INC | US | EQIX | 762 | $517,847.58 |
| 29472R108 | EQUITY LIFESTYLE PROPERTIES | US | ELS | 1,240 | $78,913.60 |
| 297178105 | ESSEX PROPERTY TRUST INC | US | ESS | 170 | $46,212.80 |
| 30212P303 | EXPEDIA INC | US | EXPE | 3,577 | $615,673.24 |
| 30212PBB0 | EXPEDIA GROUP INC 4.62500 08/01/2027 | US | 400,000 | $445,308.88 | |
| 30225T102 | EXTRA SPACE STORAGE INC | US | EXR | 325 | $43,078.75 |
| 30231G102 | EXXON MOBIL CORP | US | XOM | 4,792 | $267,537.36 |
| 302491303 | FMC CORP | US | FMC | 3,177 | $351,407.97 |
| 30262SAR9 | FREMF 2015-K42 B FLT 3.85081 12/25/2024 | US | 180,000 | $193,416.86 | |
| 30264DAA7 | FS ENERGY & POWER FUND 7.50000 08/15/2023 | US | 35,000 | $35,175.00 | |
| 30287EAE0 | FREMF 2014-K41 B FLT 3.83364 11/25/2047 | US | 700,000 | $759,950.17 | |
| 30291HAA5 | FREMF 2013-K28 X2A 0.10000 06/25/2046 | US | 10,306,025.91 | $13,985.28 | |
| 30303M102 | FACEBOOK INC -A | US | FB | 3,631 | $1,069,438.43 |
| 303250104 | FAIR ISAAC CORP | US | FICO | 610 | $296,490.50 |
| 3128M6HZ4 | FHLM POOL G04448 5.50000 07/01/2038 | US | 106,740.23 | $125,534.06 | |
| 3128M6SU3 | FHLM POOL G04731 5.50000 04/01/2038 | US | 2,420.41 | $2,846.27 | |
| 3128M73P9 | FHLM POOL G05906 6.00000 04/01/2040 | US | 8,468.33 | $10,116.24 | |
| 3128M82W3 | FHLM POOL G06789 6.00000 05/01/2040 | US | 90,930.76 | $108,402.88 | |
| 3128M9ZU9 | FHLM POOL G07655 5.50000 12/01/2035 | US | 27,141.73 | $31,770.68 | |
| 3128MB4Q7 | FHLM POOL G13331 5.50000 10/01/2023 | US | 19,533.72 | $20,167.28 | |
| 3128MBDP9 | FHLM POOL G12610 6.00000 03/01/2022 | US | 671.77 | $679.11 | |
| 3128MBUB1 | FHLM POOL G13078 6.00000 03/01/2023 | US | 975.32 | $999.95 | |
| 3128MJ2U3 | FHLM GOLD POOL FG G08786 4.50000 10/01/2047 | US | 264,389.17 | $289,926.31 | |
| 3128MJJT8 | FHLM POOL G08273 5.50000 06/01/2038 | US | 55,433.32 | $64,873.38 | |
| 3128MJY87 | FHLM POOL FG G08734 4.00000 11/01/2046 | US | 26,807.55 | $29,167.72 | |
| 3128P75F6 | FHLM POOL C91746 4.50000 12/01/2033 | US | 27,854.9 | $30,786.42 | |
| 312941ZQ3 | FHLM POOL Q93451 4.50000 08/01/2040 | US | 283,890.8 | $320,227.64 | |
| 3132D56Z0 | FEDERAL NATL MTG ASSN FR SB8088 1.50000 02/01/2036 | US | 1,130,620.98 | $1,136,113.46 | |
| 3132DWAG8 | FEDERAL NATL MTG ASSN FR SD8107 2.50000 11/01/2050 | US | 1,152,457.73 | $1,182,886.83 | |
| 3132QUNJ8 | FHLM POOL Q37592 4.00000 12/01/2045 | US | 88,327.9 | $97,299.14 | |
| 3132XTPU6 | FHLM GOLD POOL FG Q51334 4.00000 10/01/2047 | US | 218,099.55 | $234,990.91 | |
| 3133KYU98 | FHLM POOL RB5108 2.00000 04/01/2041 | US | 1,300,000 | $1,316,354.92 | |
| 3133KYUZ0 | FHLM POOL RB5100 2.00000 02/01/2041 | US | 843,136.32 | $853,743.30 | |
| 3136AY6W8 | FNA 2017-M15 A1 FLT 2.95954 09/25/2027 | US | 438,584.53 | $471,051.28 | |
| 3136B1YD0 | FNR 2018-31 KP 3.50000 07/25/2047 | US | 101,674.1 | $105,289.78 | |
| 31371MLB1 | FEDERAL NATL MTG ASSN 256022 5.50000 12/01/2035 | US | 32,743.43 | $38,066.78 | |
| 31371NDQ5 | FEDERAL NATL MTG ASSN 256711 5.50000 05/01/2037 | US | 4,022.57 | $4,718.47 | |
| 3137ADTK3 | FHMS K014 X1 FLT 1.46248 04/25/2021 | US | 559,444.12 | $5.59 | |
| 3137AJMG6 | FMHS K016 X1 FLT 1.48185 10/25/2021 | US | 2,204,253.68 | $3,479.41 | |
| 3137AUPF0 | FHMS K021 x1 FLT 1.39972 06/25/2022 | US | 14,962,834.17 | $167,811.18 | |
| 3137B3NB0 | FHMS K030 X1 FLT 0.16646 04/25/2023 | US | 28,405,286 | $86,266.85 | |
| 3137B4GZ3 | FHMS K032 X1 FLT 0.08767 05/25/2023 | US | 16,722,671.34 | $37,743.07 | |
| 3137F4YU0 | FHR 4791 BA MTGE 4.00000 03/15/2044 | US | 74,043.96 | $74,542.77 | |
| 3137FG2L8 | FHR 4801 BA MTGE 4.50000 05/15/2044 | US | 15,417.45 | $15,450.46 | |
| 3138A7BL1 | FEDERAL NATL MTG ASSN AH5442 4.50000 05/01/2041 | US | 111,906.99 | $121,886.59 | |
| 3138AJ4A7 | FEDERAL NATL MTG ASSN AI5316 4.50000 07/01/2041 | US | 29,656.62 | $32,274.24 | |
| 3138EPLE2 | FEDERAL NATL MTG ASSN AL6624 4.50000 09/01/2042 | US | 58,411.58 | $65,578.58 | |
| 3138ETT89 | FEDERAL NATL MTG ASSN AL8674 FLT 5.64200 01/01/2049 | US | 455,022.41 | $521,698.56 | |
| 3138WDRZ6 | FEDERAL NATL MTG ASSN AS4103 4.50000 12/01/2044 | US | 404,254.79 | $450,189.72 | |
| 31403DDX4 | FEDERAL NATL MTG ASSN 745418 5.50000 04/01/2036 | US | 38,561.89 | $45,138.29 | |
| 31403DVZ9 | FEDERAL NATL MTG ASSN 745932 6.50000 11/01/2036 | US | 6,812 | $7,873.73 | |
| 3140F4UB0 | FEDERAL NATL MTG ASSN BC8677 4.00000 05/01/2046 | US | 273,325.39 | $296,854.80 | |
| 3140F9M51 | FEDERAL NATL MTG ASSN BD2179 4.00000 07/01/2046 | US | 52,635.36 | $57,114.17 | |
| 31410FSE6 | FEDERAL NATL MTG ASSN 888017 6.00000 11/01/2021 | US | 173.99 | $174.77 | |
| 31410FV51 | FEDERAL NATL MTG ASSN 888136 6.00000 12/01/2021 | US | 340.86 | $342.93 | |
| 31410GCD3 | FEDERAL NATL MTG ASSN 888468 5.50000 09/01/2021 | US | 280.06 | $280.35 | |
| 31410GN33 | FEDERAL NATL MTG ASSN 888810 5.50000 11/01/2022 | US | 658.45 | $660.90 | |
| 31410KLD4 | FEDERAL NATL MTG ASSN 889624 5.50000 05/01/2038 | US | 11,613.44 | $13,654.13 | |
| 31410WSY5 | FEDERAL NATL MTG ASSN 899735 6.50000 09/01/2037 | US | 3,398.31 | $3,814.36 | |
| 31411JXP6 | FEDERAL NATL MTG ASSN 909786 5.50000 03/01/2037 | US | 22,760.6 | $26,437.76 | |
| 31413CCL1 | FEDERAL NATL MTG ASSN 941175 6.00000 11/01/2037 | US | 1,687.92 | $1,899.77 | |
| 31413MR66 | FEDERAL NATL MTG ASSN 949709 6.50000 09/01/2037 | US | 15,739.75 | $18,247.93 | |
| 31413S6R0 | FEDERAL NATL MTG ASSN 954580 6.00000 02/01/2038 | US | 8,439.85 | $9,796.29 | |
| 31414CQ50 | FEDERAL NATL MTG ASSN 962276 6.00000 03/01/2038 | US | 2,367.31 | $2,809.53 | |
| 31414DJ23 | FEDERAL NATL MTG ASSN 962981 6.00000 05/01/2038 | US | 6,139 | $7,058.21 | |
| 31414QX28 | FEDERAL NATL MTG ASSN 973297 4.50000 03/01/2023 | US | 1,986.99 | $2,084.28 | |
| 31414UF52 | FEDERAL NATL MTG ASSN 976388 4.50000 04/01/2023 | US | 15,484.44 | $16,240.67 | |
| 31415ALX7 | FEDERAL NATL MTG ASSN 981042 6.00000 04/01/2038 | US | 4,352.34 | $4,885.56 | |
| 31415BBC2 | FEDERAL NATL MTG ASSN 981635 5.00000 06/01/2038 | US | 7,738.93 | $8,811.40 | |
| 31415BBT5 | FEDERAL NATL MTG ASSN 981650 5.00000 06/01/2038 | US | 3,461.82 | $3,835.22 | |
| 31416BVW5 | FEDERAL NATL MTG ASSN 995329 5.50000 12/01/2021 | US | 245.29 | $246.39 | |
| 31417YJC2 | FEDERAL NATL MTG ASSN MA0258 4.50000 12/01/2039 | US | 9,445.55 | $10,591.89 | |
| 31418BBC9 | FEDERAL NATL MTG ASSN MA1834 4.50000 02/01/2034 | US | 128,017.69 | $141,450.01 | |
| 31418BDH6 | FEDERAL NATL MTG ASSN MA1903 4.50000 05/01/2034 | US | 144,632.68 | $159,812.23 | |
| 31418CRE6 | FEDERAL NATL MTG ASSN FN MA3184 4.50000 11/01/2047 | US | 241,302.7 | $264,543.66 | |
| 31418CYJ7 | FEDERAL NATL MTG ASSN FN MA3412 3.50000 07/01/2038 | US | 121,625.68 | $128,698.52 | |
| 31418DU59 | FEDERAL NATL MTG FN MA4203 2.50000 12/01/2040 | US | 1,236,207.58 | $1,277,529.23 | |
| 31418DU67 | FEDERAL NATL MTG ASSN FN MA4204 2.00000 12/01/2040 | US | 1,255,447.78 | $1,271,205.65 | |
| 31418MG63 | FEDERAL NATL MTG ASSN AD0220 6.00000 10/01/2038 | US | 19,508.71 | $23,315.52 | |
| 31418MJC7 | FEDERAL NATL MTG ASSN AD0258 5.50000 03/01/2039 | US | 60,256.58 | $70,844.49 | |
| 31418MKV3 | FEDERAL NATL MTG ASSN AD0307 5.50000 01/01/2039 | US | 11,530.89 | $13,556.75 | |
| 32054K103 | FIRST INDUSTRIAL REALTY TR | US | FR | 1,100 | $50,369.00 |
| 343412AC6 | FLUOR CORP 3.50000 12/15/2024 | US | 45,000 | $46,321.83 | |
| 34461LAA2 | FONTAINEBLEAU MIAMI BEACH TRUST 3.14400 12/10/2036 | US | 470,000 | $494,214.49 | |
| 345370CW8 | FORD MOTOR COMPANY 9.00000 04/22/2025 | US | 50,000 | $60,555.75 | |
| 34960PAC5 | FORTRESS TRANS & INFRAST 9.75000 08/01/2027 | US | 30,000 | $34,162.50 | |
| 35166FAA0 | FOXTROT ESCROW ISSUER 12.25000 11/15/2026 | US | 30,000 | $34,275.00 | |
| 357081AE8 | FREMF 2015-K720 B FLT 3.39439 07/25/2022 | US | 100,000 | $103,100.93 | |
| 36257MAA3 | GSMS 2019-70P A 1.10600 10/15/2036 | US | 340,000 | $339,587.38 | |
| 36294VKJ8 | GNMA POOL 660997 5.50000 05/15/2037 | US | 28,852.83 | $32,273.91 | |
| 369550108 | GENERAL DYNAMICS CORP | US | GD | 792 | $143,795.52 |
| 369604BQ5 | GENERAL ELECTRIC CO 3.51388 01/21/2099 | US | 780,000 | $735,930.00 | |
| 370334104 | GENERAL MLS INC | US | GIS | 2,265 | $138,889.80 |
| 37255LAA5 | GENWORTH MORTGAGE HLDING 6.50000 08/15/2025 | US | 65,000 | $70,240.63 | |
| 374297109 | GETTY REALTY CORP | US | GTY | 1,297 | $36,731.04 |
| 375558103 | GILEAD SCIENCES INC | US | GILD | 2,932 | $189,495.16 |
| 38138JAC7 | GLM 2021-9A A FLT 1.19475 01/20/2033 | KY | 1,000,000 | $1,000,314.00 | |
| 38379RRX3 | GNR 2017-54 AH MTGE 2.60000 12/16/2056 | US | 324,080.79 | $334,825.72 | |
| 388689101 | GRAPHIC PACKAGING HOLDING CO | US | GPK | 27,224 | $494,387.84 |
| 404119BX6 | HCA INC 4.12500 06/15/2029 | US | 500,000 | $553,755.17 | |
| 418751AD5 | HAT HOLDINGS I LLC/HAT 3.75000 09/15/2030 | US | 25,000 | $24,062.50 | |
| 419792A22 | HAWAII ST 2.68200 10/01/2038 | US | 380,000 | $379,065.20 | |
| 421946104 | HEALTHCARE REALTY TRUST INC | US | HR | 895 | $27,136.40 |
| 42225P501 | HEALTHCARE TRUST OF AMERICA | US | HTA | 1,780 | $49,092.40 |
| 42250P103 | HEALTHPEAK PROPERTIES INC | US | PEAK | 2,311 | $73,351.14 |
| 423012301 | HEINEKEN NV-SPN ADR | NL | HEINY | 4,522 | $233,335.20 |
| 427866108 | HERSHEY CO/THE | US | HSY | 732 | $115,773.12 |
| 43300A203 | HILTON WORLDWIDE HOLDINGS INC | US | HLT | 303 | $36,638.76 |
| 437076102 | HOME DEPOT INC | US | HD | 1,648 | $503,052.00 |
| 438128308 | HONDA MOTOR CO LTD -SPONS ADR | JP | HMC | 5,943 | $179,478.60 |
| 438516106 | HONEYWELL INTERNATIONAL INC | US | HON | 1,654 | $359,033.78 |
| 443201AA6 | HOWMET AEROSPACE INC 6.87500 05/01/2025 | US | 20,000 | $23,175.00 | |
| 444454AD4 | HUGHES SATELLITE SYSTEMS 5.25000 08/01/2026 | US | 25,000 | $27,512.25 | |
| 450913AF5 | IAMGOLD CORP 5.75000 10/15/2028 | CA | 50,000 | $50,640.00 | |
| 45168D104 | IDEXX LABORATORIES INC | US | IDXX | 485 | $237,315.35 |
| 452308109 | ILLINOIS TOOL WKS INC | US | ITW | 904 | $200,254.08 |
| 45337C102 | INCYTE CORP | US | INCY | 1,692 | $137,508.84 |
| 45682RAA8 | INFRABUILD AUSTRALIA PTY 12.00000 10/01/2024 | AU | 45,000 | $45,000.00 | |
| 45778Q107 | INSPERITY INC | US | NSP | 2,899 | $242,762.26 |
| 45781V101 | INNOVATIVE INDUSTRIAL PROPER | US | IIPR | 75 | $13,512.00 |
| 458140100 | INTEL CORP | US | INTC | 5,751 | $368,064.00 |
| 45866F104 | INTERCONTINENTALEXCHANGE INC | US | ICE | 4,148 | $463,248.64 |
| 459200101 | INTERNATIONAL BUSINESS MACH CORP | US | IBM | 2,017 | $268,785.42 |
| 46116VAE5 | INTL FC STORE INC 8.62500 06/15/2025 | US | 40,000 | $42,250.00 | |
| 46187BAA1 | IHSFR 2017-SFR2 A 0.95800 12/17/2036 | US | 143,345.91 | $143,502.76 | |
| 46187BAB9 | IHSFR 2017-SFR2 B 1.25800 12/17/2036 | US | 120,000 | $120,225.62 | |
| 46187W107 | INVITATION HOMES INC | US | INVH | 3,952 | $126,424.48 |
| 464288620 | ISHARES BROAD USD INVESTMENT 1.64000 | US | 37,706 | $2,226,162.24 | |
| 465410BX5 | ITALY GOV'T INT BOND 2.37500 10/17/2024 | IT | 100,000 | $104,346.05 | |
| 46625H100 | JP MORGAN CHASE & CO | US | JPM | 3,168 | $482,264.64 |
| 46635GAE0 | JP MORGAN CHASE COMMERCIAL MORTG 4.06980 11/15/2043 | US | 12,302.16 | $12,332.92 | |
| 46639GAL0 | JPMMT 2013-1 1A2 3.00000 03/25/2043 | US | 98,361.91 | $99,651.45 | |
| 46640BAC8 | JPMMT 2013-2 A2 3.50000 05/25/2043 | US | 97,671.06 | $99,401.05 | |
| 46641YAA1 | JPMMT 2014-2 1A1 3.00000 06/25/2029 | US | 184,403.8 | $188,530.74 | |
| 46647PBP0 | JPMORGAN CHASE & CO 2.95600 05/13/2031 | US | 870,000 | $884,835.58 | |
| 46649HAE2 | JPMMT 2017-6 A5 3.50000 12/25/2048 | US | 17,080.34 | $17,091.83 | |
| 478160104 | JOHNSON & JOHNSON | US | JNJ | 7,310 | $1,201,398.50 |
| 48088LAB3 | JOSEPH T RYERSON & SON 8.50000 08/01/2028 | US | 22,000 | $24,640.00 | |
| 487526AB1 | KEHE DISTRIBUTORS LLC/FI 8.62500 10/15/2026 | US | 41,000 | $45,612.50 | |
| 49427F108 | KILROY REALTY CORP | US | KRC | 904 | $59,329.52 |
| 494368103 | KIMBERLY CLARK CORP | US | KMB | 1,063 | $147,810.15 |
| 494550AW6 | KINDER MORGAN ENER PART 6.95000 01/15/2038 | US | 710,000 | $950,755.77 | |
| 505742AG1 | LADDER CAP FIN LLLP/CORP 5.25000 10/01/2025 | US | 40,000 | $40,000.00 | |
| 512816109 | LAMAR ADVERTISING CO-A | US | LAMR | 353 | $33,153.76 |
| 53223X107 | LIFE STORAGE INC | US | LSI | 531 | $45,639.45 |
| 532457108 | ELI LILLY & CO | US | LLY | 1,233 | $230,349.06 |
| 539830109 | LOCKHEED MARTIN CORP | US | LMT | 682 | $251,999.00 |
| 54240F202 | LONESTAR RES US INC NPV | US | LONE | 1,728 | $9,676.80 |
| 550021109 | LULULEMON - ADR | CA | LULU | 835 | $256,102.85 |
| 552848AG8 | MGIC INVESTMENT CORP 5.25000 08/15/2028 | US | 35,000 | $36,443.75 | |
| 573284106 | MARTIN MARIETTA MATERIALS | US | MLM | 420 | $141,044.40 |
| 57636Q104 | MASTERCARD INC-CLASS A | US | MA | 2,115 | $753,045.75 |
| 58933Y105 | MERCK & CO INC | US | MRK | 4,665 | $359,624.85 |
| 594918104 | MICROSOFT CORP | US | MSFT | 3,010 | $709,667.70 |
| 595112103 | MICRON TECHNOLOGY INC | US | MU | 3,046 | $268,687.66 |
| 59522J103 | MID-AMERICA APARTMENT COMM | US | MAA | 669 | $96,576.84 |
| 609207105 | MONDELEZ INTERNATIONAL INC | US | MDLZ | 12,270 | $718,163.10 |
| 615369105 | MOODY'S CORPORATION | US | MCO | 713 | $212,908.93 |
| 61965RAA3 | MOSS CREEK RESOURCES HLD 7.50000 01/15/2026 | US | 35,000 | $28,182.00 | |
| 62913TAJ1 | NGL ENRGY PART LP/FIN CO 7.50000 11/01/2023 | US | 35,000 | $33,775.00 | |
| 63938CAH1 | NAVIENT CORP 6.75000 06/25/2025 | US | 55,000 | $59,743.75 | |
| 63938NAF1 | NAVIOS SA LOGIST/FIN US 10.75000 07/01/2025 | MUL | 20,000 | $22,050.00 | |
| 63941XAA5 | NAVSL 2020-FA A 1.22000 07/15/2069 | US | 426,362.26 | $428,053.47 | |
| 63942FAB1 | NAVSL 2020-1A A1B 1.15863 06/25/2069 | US | 668,655.03 | $682,591.07 | |
| 64033QAB5 | NSLT 2015-2A A2 0.70863 09/25/2047 | US | 673,779.38 | $671,125.30 | |
| 64134JAA1 | NEUB 2021-40A A 1.24788 04/16/2033 | KY | 700,000 | $700,293.30 | |
| 644393AA8 | NEW FORTRESS ENERGY INC 6.75000 09/15/2025 | US | 40,000 | $41,096.00 | |
| 644393AB6 | NEW FORTRESS ENERGY INC 6.50000 09/30/2026 | US | 25,000 | $25,162.50 | |
| 64829DAG1 | NRZT 2014-3A AFX3 3.75000 11/25/2054 | US | 205,409.01 | $218,778.43 | |
| 64829EAA2 | NRZT 2015-2A A1 3.75000 08/25/2055 | US | 230,939.67 | $244,840.30 | |
| 64829LAA6 | NRZT 2016-4A A1 3.75000 11/25/2056 | US | 323,643.34 | $344,458.20 | |
| 64971XPG7 | NEW YORK CITY NY TRANSITIONALFIN 1.58000 05/01/2024 | US | 215,000 | $221,589.75 | |
| 651639106 | NEWMONT GOLDCORP CORP | US | NEM | 3,872 | $233,365.44 |
| 655844108 | NORFOLK SOUTHN CORP | US | NSC | 940 | $252,408.80 |
| 6642321 | NIKON CORP | JP | 7731 JP | 16,800 | $157,842.45 |
| 66727WAA0 | NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 | CA | 135,000 | $13.50 | |
| 66981QAA4 | BRUNDAGE-BONE CONCRETE 6.00000 02/01/2026 | US | 40,000 | $41,700.00 | |
| 66987V109 | NOVARTIS AG- REG | CH | NVS | 5,158 | $440,905.84 |
| 67066G104 | NVIDIA CORP | US | NVDA | 482 | $257,354.26 |
| 67421QAA0 | OASIS MIDSTREAM PARTNERS 8.00000 04/01/2029 | US | 45,000 | $46,237.50 | |
| 68389X105 | ORACLE CORP | US | ORCL | 4,199 | $294,643.83 |
| 691205AC2 | OWL ROCK TECHNOLOGY FINA 4.75000 12/15/2025 | US | 30,000 | $32,072.42 | |
| 691205AE8 | OWL ROCK TECHNOLOGY 3.75000 06/17/2026 | US | 380,000 | $388,434.12 | |
| 69144AAA7 | OXFIN 2020-1A A2 3.10100 02/15/2028 | US | 300,000 | $309,831.00 | |
| 69145AAB4 | OXFIN 2019-1A A2 4.45900 02/15/2027 | US | 750,000 | $776,706.60 | |
| 69145LAA2 | OXFORD FIN LLC/CO-ISS II 6.37500 12/15/2022 | US | 25,000 | $25,370.00 | |
| 693475105 | PNC FINANCIAL SERVICES GROUP | US | PNC | 794 | $139,275.54 |
| 69354NAC0 | PRA GROUP INC 7.37500 09/01/2025 | US | 30,000 | $32,100.00 | |
| 69356MAA4 | PM GENERAL PURCHASER LLC 9.50000 10/01/2028 | US | 30,000 | $32,025.00 | |
| 70450Y103 | PAYPAL HOLDINGS INC | US | PYPL | 1,960 | $475,966.40 |
| 7123870 | NESTLE SA-REGISTERED | CH | NESN SW | 3,242 | $361,406.46 |
| 717081103 | PFIZER INC | US | PFE | 11,520 | $417,369.60 |
| 723787107 | PIONEER NATURAL RESOURCES CO | US | PXD | 1,622 | $257,606.04 |
| 74166MAC0 | PRIME SECSRVC BRW/FINANC 5.75000 04/15/2026 | US | 50,000 | $53,961.25 | |
| 74340W103 | PROLOGIS | US | PLD | 2,323 | $246,238.00 |
| 74460D109 | PUBLIC STORAGE INC | US | PSA | 470 | $115,977.20 |
| 747525103 | QUALCOMM INC | US | QCOM | 2,006 | $265,975.54 |
| 750236AW1 | RADIAN GROUP INC 4.87500 03/15/2027 | US | 40,000 | $41,950.00 | |
| 750481103 | RADIUS GLOBAL INFRASTRUCTURE | US | RADI | 737 | $10,833.90 |
| 75513E101 | RAYTHEON TECHNOLOGIES CORP | US | RTX | 3,285 | $253,831.95 |
| 75606DAL5 | REALOGY GROUP/CO-ISSUER 5.75000 01/15/2029 | US | 30,000 | $29,587.50 | |
| 756109104 | REALTY INCOME CORP | US | O | 321 | $20,383.50 |
| 76169C100 | REXFORD INDUSTRIAL REALITY IN | US | REXR | 854 | $43,041.60 |
| 780259107 | ROYAL DUTCH SHELL PLC-ADR B | NL | RDS/B | 1,420 | $52,298.60 |
| 783513203 | RYANAIR HOLDINGS - ADR | IE | RYAAY | 2,261 | $260,015.00 |
| 78409V104 | S&P GLOBAL INC | US | SPGI | 545 | $192,314.15 |
| 78410G104 | SBA COMMUNICATIONS CORP | US | SBAC | 2,483 | $689,156.65 |
| 78442PGC4 | SLM CORP 5.12500 04/05/2022 | US | 50,000 | $51,125.00 | |
| 78442PGD2 | SLM CORP 4.20000 10/29/2025 | US | 30,000 | $31,500.60 | |
| 78443BAG1 | SLMA 2006-10 A6 FLT 0.36775 03/25/2044 | US | 122,257.51 | $119,044.20 | |
| 78448QAD0 | SMB 2015 B A3 1.85600 05/17/2032 | US | 800,000 | $811,526.56 | |
| 78449XAA0 | SMB 2020-BA A1A 1.29000 07/15/2053 | US | 592,514.74 | $593,621.74 | |
| 78471CAB5 | SOFI 2017-D A2FX 2.65000 09/25/2040 | US | 415,697.83 | $425,050.86 | |
| 785592AV8 | SABINE PASS LIQUEFACTION 5.87500 06/30/2026 | US | 910,000 | $1,065,601.62 | |
| 81141R100 | SEA LTD - ADR | SG | SE | 2,115 | $472,131.45 |
| 81181C104 | SEAGEN INC | US | SGEN | 3,104 | $431,021.44 |
| 81745BAB1 | SEMT 2013-6 A2 3.00000 05/25/2043 | US | 208,888.52 | $210,533.52 | |
| 81745CAB9 | SEMT 2013-7 A2 3.00000 06/25/2043 | US | 127,484.39 | $128,716.58 | |
| 81745EAA7 | SEMT 2013-8 A1 3.00000 06/25/2043 | US | 160,996.88 | $162,641.82 | |
| 81745MAA9 | SEMT 2013-2 1.87400 02/25/2043 | US | 134,766.96 | $135,230.57 | |
| 81762P102 | SERVICENOW INC | US | NOW | 471 | $235,551.81 |
| 83192CAB3 | SMB 2019-B A2A 2.84000 06/15/2037 | US | 732,624.33 | $762,380.23 | |
| 83402DAC5 | SOFI 2016-C A2B 2.36000 12/27/2032 | US | 90,307.36 | $91,323.88 | |
| 83404LAC5 | SOFI 2016-D A2B 2.34000 04/25/2033 | US | 40,861.03 | $41,617.95 | |
| 83404RAB4 | SOFI 2018-B A2FX MTGE 3.34000 08/25/2047 | US | 184,621.25 | $190,983.89 | |
| 83406CAA7 | SCLP 2019-2 A MTGE 3.01000 04/25/2028 | US | 62,431.46 | $62,883.49 | |
| 83419MAA0 | SOLARIS MIDSTREAM HOLDIN 7.62500 04/01/2026 | US | 45,000 | $46,012.50 | |
| 835699307 | SONY CORP SPONSORED ADR | JP | SONY | 2,365 | $250,713.65 |
| 837151XF1 | SOUTH CAROLINA ST PUBLIC SVC 1.85200 12/01/2026 | US | 290,000 | $298,027.20 | |
| 844741BJ6 | SOUTHWEST AIRLINES CO 5.25000 05/04/2025 | US | 700,000 | $796,191.55 | |
| 85172FAN9 | SPRINGLEAF FINANCE CORP 7.12500 03/15/2026 | US | 25,000 | $28,833.75 | |
| 85254J102 | STAG INDUSTRIAL INC | US | STAG | 914 | $30,719.54 |
| 85571BAL9 | STARWOOD PROPERTY TRUST 4.75000 03/15/2025 | US | 55,000 | $57,105.40 | |
| 85571XAA5 | SRPT 2014-STAR A FLTG RATE 1.57600 11/15/2027 | US | 886,341.61 | $651,461.08 | |
| 861036AA9 | STL HOLDING CO LLC 7.50000 02/15/2026 | US | 45,000 | $46,800.00 | |
| 86212XAA8 | STR 2019-1 A1 MTGE 2.82000 11/20/2049 | US | 291,766.87 | $296,701.67 | |
| 866674104 | SUN COMMUNITIES | US | SUI | 785 | $117,781.40 |
| 87105L104 | SWITCH INC - A | US | SWCH | 4,555 | $74,064.30 |
| 87422VAA6 | TALEN ENERGY SUPPLY LLC 6.50000 06/01/2025 | US | 25,000 | $20,078.13 | |
| 87485LAA2 | TALOS PRODUCTION INC 12.00000 01/15/2026 | US | 45,000 | $43,974.00 | |
| 87677QAA9 | TXEZ 2016-1A 3.13100 06/15/2028 | US | 35,727.87 | $35,805.00 | |
| 87901JAJ4 | TENGA INC 4.62500 03/15/2028 | US | 45,000 | $45,787.50 | |
| 88032WAN6 | TENCENT HOLDINGS 3.97500 04/11/2029 | KY | 1,560,000 | $1,693,645.20 | |
| 88146M101 | TERRENO REALTY CORP | US | TRNO | 659 | $38,070.43 |
| 882508104 | TEXAS INSTRUMENTS INC | US | TXN | 2,030 | $383,649.70 |
| 883556102 | THERMO FISHER SCIENTIFIC INC | US | TMO | 488 | $222,713.44 |
| 88579Y101 | 3M CO | US | MMM | 1,471 | $283,432.28 |
| 89151E109 | TOTAL S A SPONSORED ADR | FR | TOT | 7,250 | $337,415.00 |
| 89173CAA5 | TPMT 2016-5 A1 2.50000 10/25/2056 | US | 425,632.03 | $433,785.56 | |
| 89173FAA8 | TPMT 2017-1 A1 2.75000 10/25/2056 | US | 177,262.58 | $180,284.57 | |
| 89177EAA7 | TPMT 2019-HY1 A1 1.10863 10/25/2048 | US | 178,136.6 | $179,466.64 | |
| 89613FAA6 | TAH 2017-SFR2 A 2.92800 01/17/2036 | US | 494,668.45 | $506,335.21 | |
| 89613GAA4 | TAH 2020-SFR1 A 1.49900 07/17/2038 | US | 609,447.53 | $599,428.64 | |
| 89680HAE2 | TCF 2021-1A 1.86000 03/20/2046 | US | 675,000 | $658,397.16 | |
| 89832Q109 | TRUIST FINANCIAL CORP | US | TFC | 3,591 | $209,427.12 |
| 902653104 | UDR INC | US | UDR | 1,394 | $61,140.84 |
| 902973304 | U.S. BANCORP | US | USB | 3,796 | $209,956.76 |
| 904767704 | UNILEVER PLC - ADR | GB | UL | 17,776 | $992,434.08 |
| 907818108 | UNION PAC CORP | US | UNP | 1,494 | $329,292.54 |
| 90932KAA7 | UNITED AIR 2019-2 B PTT 3.50000 05/01/2028 | US | 23,899.66 | $23,253.33 | |
| 90932NAA1 | UNITED AIR 2018-1 B PTT 4.60000 03/01/2026 | US | 27,152.92 | $27,460.29 | |
| 9128284P2 | US TREASURY N/B 2.62500 05/15/2021 | US | 6,445,000 | $6,465,007.99 | |
| 912828R36 | US TREASURY N/B 1.62500 05/15/2026 | US | 6,285,000 | $6,488,280.47 | |
| 912828WJ5 | US TREASURY N/B 2.50000 05/15/2024 | US | 6,090,000 | $6,489,180.50 | |
| 912828XB1 | UNITED STATES TREAS NTS 2.12500 05/15/2025 | US | 4,990,000 | $5,280,238.66 | |
| 91823AAN1 | VBTOW 2020-1A C2 3.03100 06/15/2050 | US | 150,000 | $156,974.70 | |
| 92343VCV4 | VERIZON COMMUNICATIONS 4.27200 01/15/2036 | US | 1,200,000 | $1,354,988.58 | |
| 92532F100 | VERTEX PHARMACEUTICALS INC | US | VRTX | 2,898 | $622,751.22 |
| 92556V106 | VIATRIS INC | US | VTRS | 1,223 | $17,085.31 |
| 92826C839 | VISA INC - CLASS A SHARES | US | V | 3,499 | $740,843.27 |
| 929160109 | VULCAN MATERIALS CO | US | VMC | 1,530 | $258,187.50 |
| 93065PAA9 | WBHT 2019-WBM A FLT 1.15600 12/15/2033 | US | 390,000 | $389,527.55 | |
| 931142103 | WAL MART STORES | US | WMT | 3,263 | $443,213.29 |
| 93114W107 | WALMART DE MEXICO | MX | WMMVY | 7,629 | $241,228.98 |
| 94106L109 | WASTE MANAGEMENT INC | US | WM | 1,309 | $168,887.18 |
| 949746101 | WELLS FARGO COMPANY | US | WFC | 7,660 | $299,276.20 |
| 95040Q104 | WELLTOWER INC. | US | WELL | 484 | $34,668.92 |
| 962178AN9 | TRI POINTE GROUP / HOMES 5.87500 06/15/2024 | US | 40,000 | $44,200.00 | |
| 969457BY5 | WILLIAMS COMPANIES INC 2.60000 03/15/2031 | US | 900,000 | $876,956.66 | |
| 97652TAA1 | WIN 2015-1 A1 3.50000 01/20/2045 | US | 114,772.96 | $117,477.37 | |
| 98978V103 | ZOETIS INC | US | ZTS | 748 | $117,795.04 |
| B3ZD2V9 | MEX BONOS DESARR FIX RT 6.50000 06/10/2021 | MX | 400,000 | $19,631.79 | |
| B4888C1 | CANADIAN GOVERNMENT FLT 2.75000 06/01/2022 | CA | 140,000 | $114,761.68 | |
| B4NDCC9 | MEX BONOS DESARR FIX RT 6.50000 06/09/2022 | MX | 1,100,000 | $54,879.72 | |
| B63QM77 | NEXON CO LTD | JP | 3659 JP | 15,500 | $502,944.66 |
| B6TC406 | MEX BONOS DESARR FIX RT 7.75000 05/29/2031 | MX | 350,000 | $18,244.80 | |
| BGHQ198 | HIBERNIA REIT PLC | IE | HBRN ID | 16,219 | $20,998.10 |
| BK0939417 | AMERICAN TANKER INC 7.75000 07/02/2025 | US | 70,000 | $71,385.68 | |
| BMMV2K8 | TENCENT HOLDINGS LTD | CN | 700 HK | 4,070 | $324,816.75 |
| BMXKJ81 | FLAGSHIP COMMUNITIES REIT UT | US | MHC/U CN | 1,256 | $19,091.20 |
| G1151C101 | ACCENTURE PLC - CL A | IE | ACN | 964 | $266,305.00 |
| G29183103 | EATON CORP PLC | US | ETN | 1,275 | $176,307.00 |
| G5494J103 | LINDE PLC | GB | LIN | 829 | $232,236.06 |
| G5960L103 | MEDTRONIC INC | IE | MDT | 4,749 | $560,999.37 |
| H01301128 | ALCON INC | CH | ALC | 8,238 | $578,142.84 |
| H1467J104 | CHUBB LTD | CH | CB | 1,114 | $175,978.58 |
| USD | US DOLLAR | US | 3,689,990.21 | $3,689,990.21 | |
| ZO4110185 | BROOGE PETROLEUM AND GAS 8.50000 09/24/2025 | AE | 200,000 | $187,000.00 |
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
$34.02
Daily $ Change
$0.00
Daily % Change
0.00%
as of 04/16/2021
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 his or her current risk tolerance and investment time horizon, then decide when to move to a different objective as his or her 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 |
| 15-45% | 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 03/31/2021
YTD
0.91%
1 Year
18.13%
3 Year
7.65%
5 Year
6.58%
10 Year
5.14%
Inception
(01/01/2000)
5.85%
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 | 0.87% |
| Net | 0.85%* |
*Reflects the Trustee’s contractual agreement to limit fees and voluntary agreement to reimburse certain expenses.
Top Ten Investments
As of 03/31/2021
| TREASURY NOTES | 19.61% |
| GOVERNMENT AGENCY | 8.74% |
| ISHARES BROAD USD INVESTMENT 1.64000 | 1.77% |
| TENCENT HOLDINGS 3.97500 04/11/2029 | 1.34% |
| VERIZON COMMUNICATIONS 4.27200 01/15/2036 | 1.07% |
| JOHNSON & JOHNSON | 0.95% |
| AMERICAN TOWER CORP 3.80000 08/15/2029 | 0.90% |
| FACEBOOK INC -A | 0.85% |
| SABINE PASS LIQUEFACTION 5.87500 06/30/2026 | 0.85% |
| AERCAP IRELAND CAP / GLOBA 4.45000 10/01/2025 | 0.84% |
This investment list is unaudited and excludes cash.
Asset Allocation
As of 03/31/2021
| Bonds | 64.38% | |
| Stocks | 32.78% | |
| Cash | 2.84% |
Detailed Asset Class Allocation
As of 03/31/2021
| International Equities | 6.55% | |
| Small Capitalization | 0.92% | |
| Mid Capitalization | 2.91% | |
| Large Capitalization | 22.40% | |
| Long Term Fixed Income | 17.35% | |
| Intermediate Term Fixed Income | 41.43% | |
| Short Term Fixed Income | 5.60% | |
| Cash | 2.84% |
Due to rounding, the sum of the detailed asset class allocation categories may not equal the asset allocation totals provided above.
March Fund Holdings
As of 03/31/2021
| CUSIP | Security Description | Country | Ticker | Shares/Par | Market Value (USD) |
|---|---|---|---|---|---|
| 00206RDQ2 | AT&T INC 4.25000 03/01/2027 | US | 310,000 | $348,207.79 | |
| 00287Y109 | ABBVIE INC | US | ABBV | 3,111 | $336,672.42 |
| 00507V109 | ACTIVISION INC | US | ATVI | 2,639 | $245,427.00 |
| 00774MAG0 | AERCAP IRELAND CAP / GLOBA 4.45000 10/01/2025 | IE | 970,000 | $1,053,396.94 | |
| 00791GAA5 | AG MERGER SUB II INC 10.75000 08/01/2027 | US | 25,000 | $27,978.25 | |
| 00842XAA7 | AFFINITY GAMING 6.87500 12/15/2027 | US | 25,000 | $26,343.75 | |
| 008474108 | AGNICO EAGLE MINES LTD | CA | AEM | 3,435 | $198,577.35 |
| 008492100 | AGREE REALTY CORP | US | ADC | 692 | $46,578.52 |
| 00912XAV6 | AIR LEASE CORP 3.62500 04/01/2027 | US | 420,000 | $441,612.42 | |
| 01166WAA5 | ALASKA AIR 2020-1 CL B 8.00000 08/15/2025 | US | 49,467.44 | $54,928.89 | |
| 01609W102 | ALIBABA GROUP - ADR | CN | BABA | 1,551 | $351,658.23 |
| 01609WAU6 | ALIBABA GROUP HOLDING 4.00000 12/06/2037 | KY | 425,000 | $456,914.44 | |
| 01609WAY8 | ALIBABA GROUP HOLDING 2.70000 02/09/2041 | KY | 425,000 | $384,800.50 | |
| 02079K305 | ALPHABET INC-CL A | US | GOOGL | 366 | $754,882.32 |
| 023135106 | AMAZON.COM INC | US | AMZN | 296 | $915,847.68 |
| 0237400 | DIAGEO PLC | GB | DGE LN | 4,288 | $176,157.55 |
| 024835100 | AMERICAN CAMPUS COMMUNITIES | US | ACC | 864 | $37,298.88 |
| 025816109 | AMERICAN EXPRESS CO | US | AXP | 1,654 | $233,941.76 |
| 02665T306 | AMERICAN HOMES 4 RENT- A | US | AMH | 2,519 | $83,983.46 |
| 03027X100 | AMERICAN TOWER REIT INC | US | AMT | 1,707 | $408,075.42 |
| 03027XAW0 | AMERICAN TOWER CORP 3.80000 08/15/2029 | US | 1,040,000 | $1,131,596.80 | |
| 03064D108 | AMERICOLD REALTY TRUST | US | COLD | 2,243 | $86,288.21 |
| 03690AAF3 | ANTERO MIDSTREAM PART/FI 5.75000 01/15/2028 | US | 25,000 | $24,968.75 | |
| 03750L109 | APARTMENT INCOME REIT CO | US | AIRC | 445 | $19,028.20 |
| 03784Y200 | APPLE HOSPITALITY REIT INC | US | APLE | 2,510 | $36,570.70 |
| 045054AJ2 | ASHTEAD CAPITAL INC 4.00000 05/01/2028 | US | 360,000 | $376,070.40 | |
| 053015103 | AUTOMATIC DATA PROCESSING | US | ADP | 866 | $163,215.02 |
| 053484101 | AVALONBAY COMMUNITIES INC | US | AVB | 322 | $59,412.22 |
| 05401AAG6 | AVOLON HOLDINGS FNDG LTD 4.37500 05/01/2026 | KY | 420,000 | $438,876.13 | |
| 05401AAJ0 | AVOLON HOLDINGS FNDG LTD 3.25000 02/15/2027 | KY | 420,000 | $416,345.90 | |
| 055622104 | BP PLC-SPONS ADR | GB | BP | 4,135 | $100,687.25 |
| 05567SAA0 | BNSF FUNDING TRUST I 6.61300 12/15/2055 | US | 380,000 | $435,407.04 | |
| 060505104 | BANK OF AMERICA CORP | US | BAC | 11,966 | $462,964.54 |
| 06051GFM6 | BANK OF AMERICA CORP 4.00000 01/22/2025 | US | 490,000 | $535,359.52 | |
| 067901108 | BARRICK GOLD CORP | CA | GOLD | 10,280 | $203,544.00 |
| 071734AH0 | BAUSCH HEALTH COS INC 5.00000 01/30/2028 | CA | 40,000 | $40,768.00 | |
| 07403VAA7 | BEASLEY MEZ HLDGS LLC 8.62500 02/01/2026 | US | 25,000 | $25,125.00 | |
| 084423102 | WR BERKLEY CORP | US | WRB | 3,999 | $301,324.65 |
| 084670702 | BERKSHIRE HATHAWAY INC-CL B | US | BRK/B | 2,095 | $535,209.65 |
| 09061G101 | BIOMARIN PHARMACEUTICAL INC | US | BMRN | 5,698 | $430,255.98 |
| 09261XAA0 | BLACKSTONE SECURED LEND 2.75000 09/16/2026 | US | 440,000 | $436,954.30 | |
| 105368203 | BRANDYWINE REALTY TRUST | US | BDN | 2,938 | $37,929.58 |
| 110122108 | BRISTOL MYERS SQUIBB CO | US | BMY | 4,343 | $274,173.59 |
| 12345678 | JONAH ENERGY PARENT LLC | US | 2,051 | $30,765.00 | |
| 12467AAF5 | C&S GROUP ENTERPRISES LL 5.00000 12/15/2028 | US | 35,000 | $34,037.50 | |
| 12514G108 | CDW CORP/DE | US | CDW | 1,560 | $258,570.00 |
| 12530MAA3 | SORT 2020-1 A1 MTGE 1.69000 07/15/2060 | US | 357,892.06 | $360,486.38 | |
| 12530MAB1 | SORT 2020-1 A2 1.99000 07/15/2060 | US | 289,139.28 | $286,526.82 | |
| 12555DAA3 | CIM 2019-INV1 A1 4.00000 02/25/2049 | US | 61,166.38 | $62,276.71 | |
| 12598FAA7 | CPI CG INC 8.62500 03/15/2026 | US | 40,000 | $41,911.60 | |
| 12646XAH5 | CSMC 2013-IVR3 A1 2.50000 05/25/2043 | US | 210,101.69 | $211,770.67 | |
| 12654TAA8 | CNX MIDSTREAM PTR/CNX 6.50000 03/15/2026 | US | 45,000 | $45,787.50 | |
| 127097103 | CABOT OIL & GAS CORP | US | COG | 29,212 | $548,601.36 |
| 133131102 | CAMDEN PROPERTY TRUST | US | CPT | 463 | $50,888.33 |
| 133131AZ5 | CAMDEN PROPERTY TRUST 2.80000 05/15/2030 | US | 750,000 | $768,827.28 | |
| 13321L108 | CAMECO CORP | CA | CCJ | 14,240 | $236,526.40 |
| 136375102 | CANADIAN NATIONAL RAILWAY CO | CA | CNI | 1,350 | $156,573.00 |
| 14174T107 | CARETRUST REIT INC | US | CTRE | 1,098 | $25,566.93 |
| 149123101 | CATERPILLAR INC | US | CAT | 1,315 | $304,909.05 |
| 14980AAA0 | CAZENOVIA CREEK FUNDING LLC 3.56070 07/15/2030 | US | 87,129.15 | $87,542.08 | |
| 156700BA3 | CENTURYLINK INC 7.50000 04/01/2024 | US | 20,000 | $22,417.00 | |
| 16119P108 | CHARTER COMMUNICATIONS INC-A | US | CHTR | 599 | $369,594.98 |
| 17275R102 | CISCO SYSTEMS INC | US | CSCO | 7,783 | $402,458.93 |
| 172967424 | CITIGROUP INC | US | C | 3,586 | $260,881.50 |
| 172967KA8 | CITIGROUP INCA 4.45000 09/29/2027 | US | 650,000 | $732,000.49 | |
| 180848P56 | CLARK CNTY NV 1.51000 11/01/2028 | US | 800,000 | $768,728.00 | |
| 191216100 | COCA COLA CO/THE | US | KO | 8,088 | $426,318.48 |
| 194162103 | COLGATE-PALMOLIVE CO | US | CL | 2,444 | $192,660.52 |
| 20030N101 | COMCAST CORP-CL A | US | CMCSA | 6,287 | $340,189.57 |
| 20030NCY5 | COMCAST CORP 3.25000 11/01/2039 | US | 780,000 | $801,831.78 | |
| 20268CAA6 | CBSLT 2019-AGS A1 MTGE 2.54000 01/25/2047 | US | 287,583.03 | $295,031.43 | |
| 20369C106 | COMMUNITY HEALTHCARE TRUST I | US | CHCT | 1,078 | $49,717.36 |
| 20825C104 | CONOCOPHILLIPS | US | COP | 6,785 | $359,401.45 |
| 217204106 | COPART INC | US | CPRT | 2,049 | $222,541.89 |
| 222795502 | COUSINS PROPERTIES INC | US | CUZ | 2,259 | $79,855.65 |
| 225310AM3 | CREDIT ACCEPTANC 6.62500 03/15/2026 | US | 40,000 | $42,100.00 | |
| 22534GAA1 | CAALT 2020-1A 2.01000 02/15/2029 | US | 440,000 | $447,428.12 | |
| 22536BAA0 | CAALT 2020-3A A 1.24000 10/15/2029 | US | 670,000 | $676,186.71 | |
| 22537CAA7 | CAALT 2021-2A A 0.96000 02/15/2030 | US | 800,000 | $799,014.64 | |
| 22822V101 | CROWN CASTLE INTL CORP | US | CCI | 128 | $22,032.64 |
| 22822VAN1 | CROWN CASTLE INTL CORP 3.10000 11/15/2029 | US | 820,000 | $844,332.18 | |
| 22822VAR2 | CROWN CASTLE INTL CORP 3.30000 07/01/2030 | US | 260,000 | $271,452.09 | |
| 22944PAA5 | CSMC 2013-TH1 A1 2.13000 02/25/2043 | US | 130,855.62 | $132,447.44 | |
| 23311VAG2 | DCP MIDSTREAM 5.37500 07/15/2025 | US | 25,000 | $27,090.63 | |
| 25243Q205 | DIAGEO PLC-SPONSORED ADR | GB | DEO | 1,038 | $170,449.98 |
| 253868103 | DIGITAL REALTY TRUST INC | US | DLR | 677 | $95,348.68 |
| 256677105 | DOLLAR GENERAL CORP | US | DG | 1,252 | $253,680.24 |
| 256746108 | DOLLAR TREE STORES INC | US | DLTR | 2,164 | $247,691.44 |
| 25960P109 | DOUGLAS EMMETT INC | US | DEI | 1,244 | $39,061.60 |
| 264411505 | DUKE RLTY INVTS INC | US | DRE | 1,684 | $70,610.12 |
| 267475AD3 | DYCOM INDUSTRIES INC 4.50000 04/15/2029 | US | 30,000 | $30,046.20 | |
| 26875P101 | EOG RESOURCES INC | US | EOG | 3,507 | $254,362.71 |
| 26884L109 | EQT CORP | US | EQT | 14,465 | $268,759.70 |
| 285512109 | ELECTRONIC ARTS | US | EA | 1,789 | $242,176.93 |
| 291011104 | EMERSON ELEC CO | US | EMR | 1,977 | $178,364.94 |
| 29273RAR0 | ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 | US | 860,000 | $1,022,846.53 | |
| 29275YAC6 | ENERSYS 4.37500 12/15/2027 | US | 25,000 | $25,562.50 | |
| 29444U700 | EQUINIX INC | US | EQIX | 762 | $517,847.58 |
| 29472R108 | EQUITY LIFESTYLE PROPERTIES | US | ELS | 1,240 | $78,913.60 |
| 297178105 | ESSEX PROPERTY TRUST INC | US | ESS | 170 | $46,212.80 |
| 30212P303 | EXPEDIA INC | US | EXPE | 3,577 | $615,673.24 |
| 30212PBB0 | EXPEDIA GROUP INC 4.62500 08/01/2027 | US | 400,000 | $445,308.88 | |
| 30225T102 | EXTRA SPACE STORAGE INC | US | EXR | 325 | $43,078.75 |
| 30231G102 | EXXON MOBIL CORP | US | XOM | 4,792 | $267,537.36 |
| 302491303 | FMC CORP | US | FMC | 3,177 | $351,407.97 |
| 30262SAR9 | FREMF 2015-K42 B FLT 3.85081 12/25/2024 | US | 180,000 | $193,416.86 | |
| 30264DAA7 | FS ENERGY & POWER FUND 7.50000 08/15/2023 | US | 35,000 | $35,175.00 | |
| 30287EAE0 | FREMF 2014-K41 B FLT 3.83364 11/25/2047 | US | 700,000 | $759,950.17 | |
| 30291HAA5 | FREMF 2013-K28 X2A 0.10000 06/25/2046 | US | 10,306,025.91 | $13,985.28 | |
| 30303M102 | FACEBOOK INC -A | US | FB | 3,631 | $1,069,438.43 |
| 303250104 | FAIR ISAAC CORP | US | FICO | 610 | $296,490.50 |
| 3128M6HZ4 | FHLM POOL G04448 5.50000 07/01/2038 | US | 106,740.23 | $125,534.06 | |
| 3128M6SU3 | FHLM POOL G04731 5.50000 04/01/2038 | US | 2,420.41 | $2,846.27 | |
| 3128M73P9 | FHLM POOL G05906 6.00000 04/01/2040 | US | 8,468.33 | $10,116.24 | |
| 3128M82W3 | FHLM POOL G06789 6.00000 05/01/2040 | US | 90,930.76 | $108,402.88 | |
| 3128M9ZU9 | FHLM POOL G07655 5.50000 12/01/2035 | US | 27,141.73 | $31,770.68 | |
| 3128MB4Q7 | FHLM POOL G13331 5.50000 10/01/2023 | US | 19,533.72 | $20,167.28 | |
| 3128MBDP9 | FHLM POOL G12610 6.00000 03/01/2022 | US | 671.77 | $679.11 | |
| 3128MBUB1 | FHLM POOL G13078 6.00000 03/01/2023 | US | 975.32 | $999.95 | |
| 3128MJ2U3 | FHLM GOLD POOL FG G08786 4.50000 10/01/2047 | US | 264,389.17 | $289,926.31 | |
| 3128MJJT8 | FHLM POOL G08273 5.50000 06/01/2038 | US | 55,433.32 | $64,873.38 | |
| 3128MJY87 | FHLM POOL FG G08734 4.00000 11/01/2046 | US | 26,807.55 | $29,167.72 | |
| 3128P75F6 | FHLM POOL C91746 4.50000 12/01/2033 | US | 27,854.9 | $30,786.42 | |
| 312941ZQ3 | FHLM POOL Q93451 4.50000 08/01/2040 | US | 283,890.8 | $320,227.64 | |
| 3132D56Z0 | FEDERAL NATL MTG ASSN FR SB8088 1.50000 02/01/2036 | US | 1,130,620.98 | $1,136,113.46 | |
| 3132DWAG8 | FEDERAL NATL MTG ASSN FR SD8107 2.50000 11/01/2050 | US | 1,152,457.73 | $1,182,886.83 | |
| 3132QUNJ8 | FHLM POOL Q37592 4.00000 12/01/2045 | US | 88,327.9 | $97,299.14 | |
| 3132XTPU6 | FHLM GOLD POOL FG Q51334 4.00000 10/01/2047 | US | 218,099.55 | $234,990.91 | |
| 3133KYU98 | FHLM POOL RB5108 2.00000 04/01/2041 | US | 1,300,000 | $1,316,354.92 | |
| 3133KYUZ0 | FHLM POOL RB5100 2.00000 02/01/2041 | US | 843,136.32 | $853,743.30 | |
| 3136AY6W8 | FNA 2017-M15 A1 FLT 2.95954 09/25/2027 | US | 438,584.53 | $471,051.28 | |
| 3136B1YD0 | FNR 2018-31 KP 3.50000 07/25/2047 | US | 101,674.1 | $105,289.78 | |
| 31371MLB1 | FEDERAL NATL MTG ASSN 256022 5.50000 12/01/2035 | US | 32,743.43 | $38,066.78 | |
| 31371NDQ5 | FEDERAL NATL MTG ASSN 256711 5.50000 05/01/2037 | US | 4,022.57 | $4,718.47 | |
| 3137ADTK3 | FHMS K014 X1 FLT 1.46248 04/25/2021 | US | 559,444.12 | $5.59 | |
| 3137AJMG6 | FMHS K016 X1 FLT 1.48185 10/25/2021 | US | 2,204,253.68 | $3,479.41 | |
| 3137AUPF0 | FHMS K021 x1 FLT 1.39972 06/25/2022 | US | 14,962,834.17 | $167,811.18 | |
| 3137B3NB0 | FHMS K030 X1 FLT 0.16646 04/25/2023 | US | 28,405,286 | $86,266.85 | |
| 3137B4GZ3 | FHMS K032 X1 FLT 0.08767 05/25/2023 | US | 16,722,671.34 | $37,743.07 | |
| 3137F4YU0 | FHR 4791 BA MTGE 4.00000 03/15/2044 | US | 74,043.96 | $74,542.77 | |
| 3137FG2L8 | FHR 4801 BA MTGE 4.50000 05/15/2044 | US | 15,417.45 | $15,450.46 | |
| 3138A7BL1 | FEDERAL NATL MTG ASSN AH5442 4.50000 05/01/2041 | US | 111,906.99 | $121,886.59 | |
| 3138AJ4A7 | FEDERAL NATL MTG ASSN AI5316 4.50000 07/01/2041 | US | 29,656.62 | $32,274.24 | |
| 3138EPLE2 | FEDERAL NATL MTG ASSN AL6624 4.50000 09/01/2042 | US | 58,411.58 | $65,578.58 | |
| 3138ETT89 | FEDERAL NATL MTG ASSN AL8674 FLT 5.64200 01/01/2049 | US | 455,022.41 | $521,698.56 | |
| 3138WDRZ6 | FEDERAL NATL MTG ASSN AS4103 4.50000 12/01/2044 | US | 404,254.79 | $450,189.72 | |
| 31403DDX4 | FEDERAL NATL MTG ASSN 745418 5.50000 04/01/2036 | US | 38,561.89 | $45,138.29 | |
| 31403DVZ9 | FEDERAL NATL MTG ASSN 745932 6.50000 11/01/2036 | US | 6,812 | $7,873.73 | |
| 3140F4UB0 | FEDERAL NATL MTG ASSN BC8677 4.00000 05/01/2046 | US | 273,325.39 | $296,854.80 | |
| 3140F9M51 | FEDERAL NATL MTG ASSN BD2179 4.00000 07/01/2046 | US | 52,635.36 | $57,114.17 | |
| 31410FSE6 | FEDERAL NATL MTG ASSN 888017 6.00000 11/01/2021 | US | 173.99 | $174.77 | |
| 31410FV51 | FEDERAL NATL MTG ASSN 888136 6.00000 12/01/2021 | US | 340.86 | $342.93 | |
| 31410GCD3 | FEDERAL NATL MTG ASSN 888468 5.50000 09/01/2021 | US | 280.06 | $280.35 | |
| 31410GN33 | FEDERAL NATL MTG ASSN 888810 5.50000 11/01/2022 | US | 658.45 | $660.90 | |
| 31410KLD4 | FEDERAL NATL MTG ASSN 889624 5.50000 05/01/2038 | US | 11,613.44 | $13,654.13 | |
| 31410WSY5 | FEDERAL NATL MTG ASSN 899735 6.50000 09/01/2037 | US | 3,398.31 | $3,814.36 | |
| 31411JXP6 | FEDERAL NATL MTG ASSN 909786 5.50000 03/01/2037 | US | 22,760.6 | $26,437.76 | |
| 31413CCL1 | FEDERAL NATL MTG ASSN 941175 6.00000 11/01/2037 | US | 1,687.92 | $1,899.77 | |
| 31413MR66 | FEDERAL NATL MTG ASSN 949709 6.50000 09/01/2037 | US | 15,739.75 | $18,247.93 | |
| 31413S6R0 | FEDERAL NATL MTG ASSN 954580 6.00000 02/01/2038 | US | 8,439.85 | $9,796.29 | |
| 31414CQ50 | FEDERAL NATL MTG ASSN 962276 6.00000 03/01/2038 | US | 2,367.31 | $2,809.53 | |
| 31414DJ23 | FEDERAL NATL MTG ASSN 962981 6.00000 05/01/2038 | US | 6,139 | $7,058.21 | |
| 31414QX28 | FEDERAL NATL MTG ASSN 973297 4.50000 03/01/2023 | US | 1,986.99 | $2,084.28 | |
| 31414UF52 | FEDERAL NATL MTG ASSN 976388 4.50000 04/01/2023 | US | 15,484.44 | $16,240.67 | |
| 31415ALX7 | FEDERAL NATL MTG ASSN 981042 6.00000 04/01/2038 | US | 4,352.34 | $4,885.56 | |
| 31415BBC2 | FEDERAL NATL MTG ASSN 981635 5.00000 06/01/2038 | US | 7,738.93 | $8,811.40 | |
| 31415BBT5 | FEDERAL NATL MTG ASSN 981650 5.00000 06/01/2038 | US | 3,461.82 | $3,835.22 | |
| 31416BVW5 | FEDERAL NATL MTG ASSN 995329 5.50000 12/01/2021 | US | 245.29 | $246.39 | |
| 31417YJC2 | FEDERAL NATL MTG ASSN MA0258 4.50000 12/01/2039 | US | 9,445.55 | $10,591.89 | |
| 31418BBC9 | FEDERAL NATL MTG ASSN MA1834 4.50000 02/01/2034 | US | 128,017.69 | $141,450.01 | |
| 31418BDH6 | FEDERAL NATL MTG ASSN MA1903 4.50000 05/01/2034 | US | 144,632.68 | $159,812.23 | |
| 31418CRE6 | FEDERAL NATL MTG ASSN FN MA3184 4.50000 11/01/2047 | US | 241,302.7 | $264,543.66 | |
| 31418CYJ7 | FEDERAL NATL MTG ASSN FN MA3412 3.50000 07/01/2038 | US | 121,625.68 | $128,698.52 | |
| 31418DU59 | FEDERAL NATL MTG FN MA4203 2.50000 12/01/2040 | US | 1,236,207.58 | $1,277,529.23 | |
| 31418DU67 | FEDERAL NATL MTG ASSN FN MA4204 2.00000 12/01/2040 | US | 1,255,447.78 | $1,271,205.65 | |
| 31418MG63 | FEDERAL NATL MTG ASSN AD0220 6.00000 10/01/2038 | US | 19,508.71 | $23,315.52 | |
| 31418MJC7 | FEDERAL NATL MTG ASSN AD0258 5.50000 03/01/2039 | US | 60,256.58 | $70,844.49 | |
| 31418MKV3 | FEDERAL NATL MTG ASSN AD0307 5.50000 01/01/2039 | US | 11,530.89 | $13,556.75 | |
| 32054K103 | FIRST INDUSTRIAL REALTY TR | US | FR | 1,100 | $50,369.00 |
| 343412AC6 | FLUOR CORP 3.50000 12/15/2024 | US | 45,000 | $46,321.83 | |
| 34461LAA2 | FONTAINEBLEAU MIAMI BEACH TRUST 3.14400 12/10/2036 | US | 470,000 | $494,214.49 | |
| 345370CW8 | FORD MOTOR COMPANY 9.00000 04/22/2025 | US | 50,000 | $60,555.75 | |
| 34960PAC5 | FORTRESS TRANS & INFRAST 9.75000 08/01/2027 | US | 30,000 | $34,162.50 | |
| 35166FAA0 | FOXTROT ESCROW ISSUER 12.25000 11/15/2026 | US | 30,000 | $34,275.00 | |
| 357081AE8 | FREMF 2015-K720 B FLT 3.39439 07/25/2022 | US | 100,000 | $103,100.93 | |
| 36257MAA3 | GSMS 2019-70P A 1.10600 10/15/2036 | US | 340,000 | $339,587.38 | |
| 36294VKJ8 | GNMA POOL 660997 5.50000 05/15/2037 | US | 28,852.83 | $32,273.91 | |
| 369550108 | GENERAL DYNAMICS CORP | US | GD | 792 | $143,795.52 |
| 369604BQ5 | GENERAL ELECTRIC CO 3.51388 01/21/2099 | US | 780,000 | $735,930.00 | |
| 370334104 | GENERAL MLS INC | US | GIS | 2,265 | $138,889.80 |
| 37255LAA5 | GENWORTH MORTGAGE HLDING 6.50000 08/15/2025 | US | 65,000 | $70,240.63 | |
| 374297109 | GETTY REALTY CORP | US | GTY | 1,297 | $36,731.04 |
| 375558103 | GILEAD SCIENCES INC | US | GILD | 2,932 | $189,495.16 |
| 38138JAC7 | GLM 2021-9A A FLT 1.19475 01/20/2033 | KY | 1,000,000 | $1,000,314.00 | |
| 38379RRX3 | GNR 2017-54 AH MTGE 2.60000 12/16/2056 | US | 324,080.79 | $334,825.72 | |
| 388689101 | GRAPHIC PACKAGING HOLDING CO | US | GPK | 27,224 | $494,387.84 |
| 404119BX6 | HCA INC 4.12500 06/15/2029 | US | 500,000 | $553,755.17 | |
| 418751AD5 | HAT HOLDINGS I LLC/HAT 3.75000 09/15/2030 | US | 25,000 | $24,062.50 | |
| 419792A22 | HAWAII ST 2.68200 10/01/2038 | US | 380,000 | $379,065.20 | |
| 421946104 | HEALTHCARE REALTY TRUST INC | US | HR | 895 | $27,136.40 |
| 42225P501 | HEALTHCARE TRUST OF AMERICA | US | HTA | 1,780 | $49,092.40 |
| 42250P103 | HEALTHPEAK PROPERTIES INC | US | PEAK | 2,311 | $73,351.14 |
| 423012301 | HEINEKEN NV-SPN ADR | NL | HEINY | 4,522 | $233,335.20 |
| 427866108 | HERSHEY CO/THE | US | HSY | 732 | $115,773.12 |
| 43300A203 | HILTON WORLDWIDE HOLDINGS INC | US | HLT | 303 | $36,638.76 |
| 437076102 | HOME DEPOT INC | US | HD | 1,648 | $503,052.00 |
| 438128308 | HONDA MOTOR CO LTD -SPONS ADR | JP | HMC | 5,943 | $179,478.60 |
| 438516106 | HONEYWELL INTERNATIONAL INC | US | HON | 1,654 | $359,033.78 |
| 443201AA6 | HOWMET AEROSPACE INC 6.87500 05/01/2025 | US | 20,000 | $23,175.00 | |
| 444454AD4 | HUGHES SATELLITE SYSTEMS 5.25000 08/01/2026 | US | 25,000 | $27,512.25 | |
| 450913AF5 | IAMGOLD CORP 5.75000 10/15/2028 | CA | 50,000 | $50,640.00 | |
| 45168D104 | IDEXX LABORATORIES INC | US | IDXX | 485 | $237,315.35 |
| 452308109 | ILLINOIS TOOL WKS INC | US | ITW | 904 | $200,254.08 |
| 45337C102 | INCYTE CORP | US | INCY | 1,692 | $137,508.84 |
| 45682RAA8 | INFRABUILD AUSTRALIA PTY 12.00000 10/01/2024 | AU | 45,000 | $45,000.00 | |
| 45778Q107 | INSPERITY INC | US | NSP | 2,899 | $242,762.26 |
| 45781V101 | INNOVATIVE INDUSTRIAL PROPER | US | IIPR | 75 | $13,512.00 |
| 458140100 | INTEL CORP | US | INTC | 5,751 | $368,064.00 |
| 45866F104 | INTERCONTINENTALEXCHANGE INC | US | ICE | 4,148 | $463,248.64 |
| 459200101 | INTERNATIONAL BUSINESS MACH CORP | US | IBM | 2,017 | $268,785.42 |
| 46116VAE5 | INTL FC STORE INC 8.62500 06/15/2025 | US | 40,000 | $42,250.00 | |
| 46187BAA1 | IHSFR 2017-SFR2 A 0.95800 12/17/2036 | US | 143,345.91 | $143,502.76 | |
| 46187BAB9 | IHSFR 2017-SFR2 B 1.25800 12/17/2036 | US | 120,000 | $120,225.62 | |
| 46187W107 | INVITATION HOMES INC | US | INVH | 3,952 | $126,424.48 |
| 464288620 | ISHARES BROAD USD INVESTMENT 1.64000 | US | 37,706 | $2,226,162.24 | |
| 465410BX5 | ITALY GOV'T INT BOND 2.37500 10/17/2024 | IT | 100,000 | $104,346.05 | |
| 46625H100 | JP MORGAN CHASE & CO | US | JPM | 3,168 | $482,264.64 |
| 46635GAE0 | JP MORGAN CHASE COMMERCIAL MORTG 4.06980 11/15/2043 | US | 12,302.16 | $12,332.92 | |
| 46639GAL0 | JPMMT 2013-1 1A2 3.00000 03/25/2043 | US | 98,361.91 | $99,651.45 | |
| 46640BAC8 | JPMMT 2013-2 A2 3.50000 05/25/2043 | US | 97,671.06 | $99,401.05 | |
| 46641YAA1 | JPMMT 2014-2 1A1 3.00000 06/25/2029 | US | 184,403.8 | $188,530.74 | |
| 46647PBP0 | JPMORGAN CHASE & CO 2.95600 05/13/2031 | US | 870,000 | $884,835.58 | |
| 46649HAE2 | JPMMT 2017-6 A5 3.50000 12/25/2048 | US | 17,080.34 | $17,091.83 | |
| 478160104 | JOHNSON & JOHNSON | US | JNJ | 7,310 | $1,201,398.50 |
| 48088LAB3 | JOSEPH T RYERSON & SON 8.50000 08/01/2028 | US | 22,000 | $24,640.00 | |
| 487526AB1 | KEHE DISTRIBUTORS LLC/FI 8.62500 10/15/2026 | US | 41,000 | $45,612.50 | |
| 49427F108 | KILROY REALTY CORP | US | KRC | 904 | $59,329.52 |
| 494368103 | KIMBERLY CLARK CORP | US | KMB | 1,063 | $147,810.15 |
| 494550AW6 | KINDER MORGAN ENER PART 6.95000 01/15/2038 | US | 710,000 | $950,755.77 | |
| 505742AG1 | LADDER CAP FIN LLLP/CORP 5.25000 10/01/2025 | US | 40,000 | $40,000.00 | |
| 512816109 | LAMAR ADVERTISING CO-A | US | LAMR | 353 | $33,153.76 |
| 53223X107 | LIFE STORAGE INC | US | LSI | 531 | $45,639.45 |
| 532457108 | ELI LILLY & CO | US | LLY | 1,233 | $230,349.06 |
| 539830109 | LOCKHEED MARTIN CORP | US | LMT | 682 | $251,999.00 |
| 54240F202 | LONESTAR RES US INC NPV | US | LONE | 1,728 | $9,676.80 |
| 550021109 | LULULEMON - ADR | CA | LULU | 835 | $256,102.85 |
| 552848AG8 | MGIC INVESTMENT CORP 5.25000 08/15/2028 | US | 35,000 | $36,443.75 | |
| 573284106 | MARTIN MARIETTA MATERIALS | US | MLM | 420 | $141,044.40 |
| 57636Q104 | MASTERCARD INC-CLASS A | US | MA | 2,115 | $753,045.75 |
| 58933Y105 | MERCK & CO INC | US | MRK | 4,665 | $359,624.85 |
| 594918104 | MICROSOFT CORP | US | MSFT | 3,010 | $709,667.70 |
| 595112103 | MICRON TECHNOLOGY INC | US | MU | 3,046 | $268,687.66 |
| 59522J103 | MID-AMERICA APARTMENT COMM | US | MAA | 669 | $96,576.84 |
| 609207105 | MONDELEZ INTERNATIONAL INC | US | MDLZ | 12,270 | $718,163.10 |
| 615369105 | MOODY'S CORPORATION | US | MCO | 713 | $212,908.93 |
| 61965RAA3 | MOSS CREEK RESOURCES HLD 7.50000 01/15/2026 | US | 35,000 | $28,182.00 | |
| 62913TAJ1 | NGL ENRGY PART LP/FIN CO 7.50000 11/01/2023 | US | 35,000 | $33,775.00 | |
| 63938CAH1 | NAVIENT CORP 6.75000 06/25/2025 | US | 55,000 | $59,743.75 | |
| 63938NAF1 | NAVIOS SA LOGIST/FIN US 10.75000 07/01/2025 | MUL | 20,000 | $22,050.00 | |
| 63941XAA5 | NAVSL 2020-FA A 1.22000 07/15/2069 | US | 426,362.26 | $428,053.47 | |
| 63942FAB1 | NAVSL 2020-1A A1B 1.15863 06/25/2069 | US | 668,655.03 | $682,591.07 | |
| 64033QAB5 | NSLT 2015-2A A2 0.70863 09/25/2047 | US | 673,779.38 | $671,125.30 | |
| 64134JAA1 | NEUB 2021-40A A 1.24788 04/16/2033 | KY | 700,000 | $700,293.30 | |
| 644393AA8 | NEW FORTRESS ENERGY INC 6.75000 09/15/2025 | US | 40,000 | $41,096.00 | |
| 644393AB6 | NEW FORTRESS ENERGY INC 6.50000 09/30/2026 | US | 25,000 | $25,162.50 | |
| 64829DAG1 | NRZT 2014-3A AFX3 3.75000 11/25/2054 | US | 205,409.01 | $218,778.43 | |
| 64829EAA2 | NRZT 2015-2A A1 3.75000 08/25/2055 | US | 230,939.67 | $244,840.30 | |
| 64829LAA6 | NRZT 2016-4A A1 3.75000 11/25/2056 | US | 323,643.34 | $344,458.20 | |
| 64971XPG7 | NEW YORK CITY NY TRANSITIONALFIN 1.58000 05/01/2024 | US | 215,000 | $221,589.75 | |
| 651639106 | NEWMONT GOLDCORP CORP | US | NEM | 3,872 | $233,365.44 |
| 655844108 | NORFOLK SOUTHN CORP | US | NSC | 940 | $252,408.80 |
| 6642321 | NIKON CORP | JP | 7731 JP | 16,800 | $157,842.45 |
| 66727WAA0 | NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 | CA | 135,000 | $13.50 | |
| 66981QAA4 | BRUNDAGE-BONE CONCRETE 6.00000 02/01/2026 | US | 40,000 | $41,700.00 | |
| 66987V109 | NOVARTIS AG- REG | CH | NVS | 5,158 | $440,905.84 |
| 67066G104 | NVIDIA CORP | US | NVDA | 482 | $257,354.26 |
| 67421QAA0 | OASIS MIDSTREAM PARTNERS 8.00000 04/01/2029 | US | 45,000 | $46,237.50 | |
| 68389X105 | ORACLE CORP | US | ORCL | 4,199 | $294,643.83 |
| 691205AC2 | OWL ROCK TECHNOLOGY FINA 4.75000 12/15/2025 | US | 30,000 | $32,072.42 | |
| 691205AE8 | OWL ROCK TECHNOLOGY 3.75000 06/17/2026 | US | 380,000 | $388,434.12 | |
| 69144AAA7 | OXFIN 2020-1A A2 3.10100 02/15/2028 | US | 300,000 | $309,831.00 | |
| 69145AAB4 | OXFIN 2019-1A A2 4.45900 02/15/2027 | US | 750,000 | $776,706.60 | |
| 69145LAA2 | OXFORD FIN LLC/CO-ISS II 6.37500 12/15/2022 | US | 25,000 | $25,370.00 | |
| 693475105 | PNC FINANCIAL SERVICES GROUP | US | PNC | 794 | $139,275.54 |
| 69354NAC0 | PRA GROUP INC 7.37500 09/01/2025 | US | 30,000 | $32,100.00 | |
| 69356MAA4 | PM GENERAL PURCHASER LLC 9.50000 10/01/2028 | US | 30,000 | $32,025.00 | |
| 70450Y103 | PAYPAL HOLDINGS INC | US | PYPL | 1,960 | $475,966.40 |
| 7123870 | NESTLE SA-REGISTERED | CH | NESN SW | 3,242 | $361,406.46 |
| 717081103 | PFIZER INC | US | PFE | 11,520 | $417,369.60 |
| 723787107 | PIONEER NATURAL RESOURCES CO | US | PXD | 1,622 | $257,606.04 |
| 74166MAC0 | PRIME SECSRVC BRW/FINANC 5.75000 04/15/2026 | US | 50,000 | $53,961.25 | |
| 74340W103 | PROLOGIS | US | PLD | 2,323 | $246,238.00 |
| 74460D109 | PUBLIC STORAGE INC | US | PSA | 470 | $115,977.20 |
| 747525103 | QUALCOMM INC | US | QCOM | 2,006 | $265,975.54 |
| 750236AW1 | RADIAN GROUP INC 4.87500 03/15/2027 | US | 40,000 | $41,950.00 | |
| 750481103 | RADIUS GLOBAL INFRASTRUCTURE | US | RADI | 737 | $10,833.90 |
| 75513E101 | RAYTHEON TECHNOLOGIES CORP | US | RTX | 3,285 | $253,831.95 |
| 75606DAL5 | REALOGY GROUP/CO-ISSUER 5.75000 01/15/2029 | US | 30,000 | $29,587.50 | |
| 756109104 | REALTY INCOME CORP | US | O | 321 | $20,383.50 |
| 76169C100 | REXFORD INDUSTRIAL REALITY IN | US | REXR | 854 | $43,041.60 |
| 780259107 | ROYAL DUTCH SHELL PLC-ADR B | NL | RDS/B | 1,420 | $52,298.60 |
| 783513203 | RYANAIR HOLDINGS - ADR | IE | RYAAY | 2,261 | $260,015.00 |
| 78409V104 | S&P GLOBAL INC | US | SPGI | 545 | $192,314.15 |
| 78410G104 | SBA COMMUNICATIONS CORP | US | SBAC | 2,483 | $689,156.65 |
| 78442PGC4 | SLM CORP 5.12500 04/05/2022 | US | 50,000 | $51,125.00 | |
| 78442PGD2 | SLM CORP 4.20000 10/29/2025 | US | 30,000 | $31,500.60 | |
| 78443BAG1 | SLMA 2006-10 A6 FLT 0.36775 03/25/2044 | US | 122,257.51 | $119,044.20 | |
| 78448QAD0 | SMB 2015 B A3 1.85600 05/17/2032 | US | 800,000 | $811,526.56 | |
| 78449XAA0 | SMB 2020-BA A1A 1.29000 07/15/2053 | US | 592,514.74 | $593,621.74 | |
| 78471CAB5 | SOFI 2017-D A2FX 2.65000 09/25/2040 | US | 415,697.83 | $425,050.86 | |
| 785592AV8 | SABINE PASS LIQUEFACTION 5.87500 06/30/2026 | US | 910,000 | $1,065,601.62 | |
| 81141R100 | SEA LTD - ADR | SG | SE | 2,115 | $472,131.45 |
| 81181C104 | SEAGEN INC | US | SGEN | 3,104 | $431,021.44 |
| 81745BAB1 | SEMT 2013-6 A2 3.00000 05/25/2043 | US | 208,888.52 | $210,533.52 | |
| 81745CAB9 | SEMT 2013-7 A2 3.00000 06/25/2043 | US | 127,484.39 | $128,716.58 | |
| 81745EAA7 | SEMT 2013-8 A1 3.00000 06/25/2043 | US | 160,996.88 | $162,641.82 | |
| 81745MAA9 | SEMT 2013-2 1.87400 02/25/2043 | US | 134,766.96 | $135,230.57 | |
| 81762P102 | SERVICENOW INC | US | NOW | 471 | $235,551.81 |
| 83192CAB3 | SMB 2019-B A2A 2.84000 06/15/2037 | US | 732,624.33 | $762,380.23 | |
| 83402DAC5 | SOFI 2016-C A2B 2.36000 12/27/2032 | US | 90,307.36 | $91,323.88 | |
| 83404LAC5 | SOFI 2016-D A2B 2.34000 04/25/2033 | US | 40,861.03 | $41,617.95 | |
| 83404RAB4 | SOFI 2018-B A2FX MTGE 3.34000 08/25/2047 | US | 184,621.25 | $190,983.89 | |
| 83406CAA7 | SCLP 2019-2 A MTGE 3.01000 04/25/2028 | US | 62,431.46 | $62,883.49 | |
| 83419MAA0 | SOLARIS MIDSTREAM HOLDIN 7.62500 04/01/2026 | US | 45,000 | $46,012.50 | |
| 835699307 | SONY CORP SPONSORED ADR | JP | SONY | 2,365 | $250,713.65 |
| 837151XF1 | SOUTH CAROLINA ST PUBLIC SVC 1.85200 12/01/2026 | US | 290,000 | $298,027.20 | |
| 844741BJ6 | SOUTHWEST AIRLINES CO 5.25000 05/04/2025 | US | 700,000 | $796,191.55 | |
| 85172FAN9 | SPRINGLEAF FINANCE CORP 7.12500 03/15/2026 | US | 25,000 | $28,833.75 | |
| 85254J102 | STAG INDUSTRIAL INC | US | STAG | 914 | $30,719.54 |
| 85571BAL9 | STARWOOD PROPERTY TRUST 4.75000 03/15/2025 | US | 55,000 | $57,105.40 | |
| 85571XAA5 | SRPT 2014-STAR A FLTG RATE 1.57600 11/15/2027 | US | 886,341.61 | $651,461.08 | |
| 861036AA9 | STL HOLDING CO LLC 7.50000 02/15/2026 | US | 45,000 | $46,800.00 | |
| 86212XAA8 | STR 2019-1 A1 MTGE 2.82000 11/20/2049 | US | 291,766.87 | $296,701.67 | |
| 866674104 | SUN COMMUNITIES | US | SUI | 785 | $117,781.40 |
| 87105L104 | SWITCH INC - A | US | SWCH | 4,555 | $74,064.30 |
| 87422VAA6 | TALEN ENERGY SUPPLY LLC 6.50000 06/01/2025 | US | 25,000 | $20,078.13 | |
| 87485LAA2 | TALOS PRODUCTION INC 12.00000 01/15/2026 | US | 45,000 | $43,974.00 | |
| 87677QAA9 | TXEZ 2016-1A 3.13100 06/15/2028 | US | 35,727.87 | $35,805.00 | |
| 87901JAJ4 | TENGA INC 4.62500 03/15/2028 | US | 45,000 | $45,787.50 | |
| 88032WAN6 | TENCENT HOLDINGS 3.97500 04/11/2029 | KY | 1,560,000 | $1,693,645.20 | |
| 88146M101 | TERRENO REALTY CORP | US | TRNO | 659 | $38,070.43 |
| 882508104 | TEXAS INSTRUMENTS INC | US | TXN | 2,030 | $383,649.70 |
| 883556102 | THERMO FISHER SCIENTIFIC INC | US | TMO | 488 | $222,713.44 |
| 88579Y101 | 3M CO | US | MMM | 1,471 | $283,432.28 |
| 89151E109 | TOTAL S A SPONSORED ADR | FR | TOT | 7,250 | $337,415.00 |
| 89173CAA5 | TPMT 2016-5 A1 2.50000 10/25/2056 | US | 425,632.03 | $433,785.56 | |
| 89173FAA8 | TPMT 2017-1 A1 2.75000 10/25/2056 | US | 177,262.58 | $180,284.57 | |
| 89177EAA7 | TPMT 2019-HY1 A1 1.10863 10/25/2048 | US | 178,136.6 | $179,466.64 | |
| 89613FAA6 | TAH 2017-SFR2 A 2.92800 01/17/2036 | US | 494,668.45 | $506,335.21 | |
| 89613GAA4 | TAH 2020-SFR1 A 1.49900 07/17/2038 | US | 609,447.53 | $599,428.64 | |
| 89680HAE2 | TCF 2021-1A 1.86000 03/20/2046 | US | 675,000 | $658,397.16 | |
| 89832Q109 | TRUIST FINANCIAL CORP | US | TFC | 3,591 | $209,427.12 |
| 902653104 | UDR INC | US | UDR | 1,394 | $61,140.84 |
| 902973304 | U.S. BANCORP | US | USB | 3,796 | $209,956.76 |
| 904767704 | UNILEVER PLC - ADR | GB | UL | 17,776 | $992,434.08 |
| 907818108 | UNION PAC CORP | US | UNP | 1,494 | $329,292.54 |
| 90932KAA7 | UNITED AIR 2019-2 B PTT 3.50000 05/01/2028 | US | 23,899.66 | $23,253.33 | |
| 90932NAA1 | UNITED AIR 2018-1 B PTT 4.60000 03/01/2026 | US | 27,152.92 | $27,460.29 | |
| 9128284P2 | US TREASURY N/B 2.62500 05/15/2021 | US | 6,445,000 | $6,465,007.99 | |
| 912828R36 | US TREASURY N/B 1.62500 05/15/2026 | US | 6,285,000 | $6,488,280.47 | |
| 912828WJ5 | US TREASURY N/B 2.50000 05/15/2024 | US | 6,090,000 | $6,489,180.50 | |
| 912828XB1 | UNITED STATES TREAS NTS 2.12500 05/15/2025 | US | 4,990,000 | $5,280,238.66 | |
| 91823AAN1 | VBTOW 2020-1A C2 3.03100 06/15/2050 | US | 150,000 | $156,974.70 | |
| 92343VCV4 | VERIZON COMMUNICATIONS 4.27200 01/15/2036 | US | 1,200,000 | $1,354,988.58 | |
| 92532F100 | VERTEX PHARMACEUTICALS INC | US | VRTX | 2,898 | $622,751.22 |
| 92556V106 | VIATRIS INC | US | VTRS | 1,223 | $17,085.31 |
| 92826C839 | VISA INC - CLASS A SHARES | US | V | 3,499 | $740,843.27 |
| 929160109 | VULCAN MATERIALS CO | US | VMC | 1,530 | $258,187.50 |
| 93065PAA9 | WBHT 2019-WBM A FLT 1.15600 12/15/2033 | US | 390,000 | $389,527.55 | |
| 931142103 | WAL MART STORES | US | WMT | 3,263 | $443,213.29 |
| 93114W107 | WALMART DE MEXICO | MX | WMMVY | 7,629 | $241,228.98 |
| 94106L109 | WASTE MANAGEMENT INC | US | WM | 1,309 | $168,887.18 |
| 949746101 | WELLS FARGO COMPANY | US | WFC | 7,660 | $299,276.20 |
| 95040Q104 | WELLTOWER INC. | US | WELL | 484 | $34,668.92 |
| 962178AN9 | TRI POINTE GROUP / HOMES 5.87500 06/15/2024 | US | 40,000 | $44,200.00 | |
| 969457BY5 | WILLIAMS COMPANIES INC 2.60000 03/15/2031 | US | 900,000 | $876,956.66 | |
| 97652TAA1 | WIN 2015-1 A1 3.50000 01/20/2045 | US | 114,772.96 | $117,477.37 | |
| 98978V103 | ZOETIS INC | US | ZTS | 748 | $117,795.04 |
| B3ZD2V9 | MEX BONOS DESARR FIX RT 6.50000 06/10/2021 | MX | 400,000 | $19,631.79 | |
| B4888C1 | CANADIAN GOVERNMENT FLT 2.75000 06/01/2022 | CA | 140,000 | $114,761.68 | |
| B4NDCC9 | MEX BONOS DESARR FIX RT 6.50000 06/09/2022 | MX | 1,100,000 | $54,879.72 | |
| B63QM77 | NEXON CO LTD | JP | 3659 JP | 15,500 | $502,944.66 |
| B6TC406 | MEX BONOS DESARR FIX RT 7.75000 05/29/2031 | MX | 350,000 | $18,244.80 | |
| BGHQ198 | HIBERNIA REIT PLC | IE | HBRN ID | 16,219 | $20,998.10 |
| BK0939417 | AMERICAN TANKER INC 7.75000 07/02/2025 | US | 70,000 | $71,385.68 | |
| BMMV2K8 | TENCENT HOLDINGS LTD | CN | 700 HK | 4,070 | $324,816.75 |
| BMXKJ81 | FLAGSHIP COMMUNITIES REIT UT | US | MHC/U CN | 1,256 | $19,091.20 |
| G1151C101 | ACCENTURE PLC - CL A | IE | ACN | 964 | $266,305.00 |
| G29183103 | EATON CORP PLC | US | ETN | 1,275 | $176,307.00 |
| G5494J103 | LINDE PLC | GB | LIN | 829 | $232,236.06 |
| G5960L103 | MEDTRONIC INC | IE | MDT | 4,749 | $560,999.37 |
| H01301128 | ALCON INC | CH | ALC | 8,238 | $578,142.84 |
| H1467J104 | CHUBB LTD | CH | CB | 1,114 | $175,978.58 |
| USD | US DOLLAR | US | 3,689,990.21 | $3,689,990.21 | |
| ZO4110185 | BROOGE PETROLEUM AND GAS 8.50000 09/24/2025 | AE | 200,000 | $187,000.00 |
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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