Collective Investment Trusts

Pro-Mix® Conservative Term CIT

Investment Objective

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

Investment Strategy

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

The fund manager will adjust the investment mix over time to manage risk by continually evaluating individual securities and market conditions to determine the relative attractiveness of each investment. In general, stock exposure will increase when valuations are low and decrease during speculative markets.

May be Appropriate for Investors

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

About Our Risk-Based Funds

Risk-based funds offer professional management and asset allocation through a choice of investment objectives that range from fairly aggressive to fairly conservative. All an investor has to do is determine which objective best suits their current risk tolerance and investment time horizon, then decide when to move to a different objective as their personal situation changes over the years.

Time Horizon & Range of Stock Exposure

Conservative Term Moderate Term Extended Term Maximum Term
0-5 Years 3-10 Years 15+ Years 7-20 Years
5-35% 20-60% 40-70% 70-95%

Generally, the longer your time horizon, the more aggressive your investment objective can be. Greater stock exposure is typically associated with higher return potential and higher capital risk.

Learn more about our Pro-Mix® Series

Daily Price

$34.64

Daily $ Change

-$0.11

Daily % Change

-0.32%

as of 07/19/2024

CUSIP

563821149

Inception Date

01/01/2000

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

Important Documents

Applications & Forms
Fact Sheet
Annual Report

Performance

As of 06/30/2024

YTD

1.54%

1 Year

5.87%

3 Year

-0.16%

5 Year

3.54%

10 Year

3.19%

Inception
(01/01/2000)

5.16%

Performance data quoted represents past performance and does not guarantee future results. Performance for periods greater than one year is annualized. Your investment may fluctuate in value and there is a potential for loss as well as profit.

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

Expense Ratio

Gross 0.88%
Net 0.85%*

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

Top Ten Investments

As of 06/30/2024

UNITED STATES TREAS NTS . 20251115 2.250% 4.49%
UNITED STATES TREAS NTS . 20271115 2.250% 4.05%
UNITED STATES TREAS NTS 20261115 2.000% 3.44%
UNITED STATES TREAS BDS TIPS . 20270115 2.375% 2.86%
UNITED STATES TREAS NTS . 20301115 0.875% 2.77%
UNITED STATES TREAS NTS . 20291115 1.750% 2.55%
UNITED STATES TREAS NTS . 20241115 2.250% 2.05%
UNITED STATES TREAS BDS . 20420215 2.375% 2.04%
UNITED STATES TREAS NTS . 20331115 4.500% 1.51%
UNITED STATES TREAS NTS . 20281115 3.125% 1.51%

This investment list is unaudited and excludes cash.

Asset Allocation

As of 06/30/2024

Fixed Income
78.54%
Equity
19.25%
Cash and Equivalents
2.21%
Security Description Country Ticker Shares/Par Market Value (USD)
ADMIRAL GROUP US 4,469 $147,727.26
ADMIRAL GROUP GB 1,255 $41,485.55
AERCAP IRELAND CAPITAL LIMITED SR GLBL NT 20281029 3.000% US 365,000 $331,872.60
AGREE REALTY CORP US 315 $19,511.10
AIR LIQUIDE FR 193 $33,360.41
AIRBUS SE EUR1 FR 234 $32,166.26
ALASKA AIRLINES EQ TR -B B . 20270215 8.000% US 20,712.58 $20,947.96
ALCON INC ORD SHS US 1,962 $174,774.96
ALEXANDER FDG TR II SR SEC GLBL 20280731 7.467% US 305,000 $322,747.95
ALIBABA GROUP HLDG LTD SR GLBL NT 20310209 2.125% US 240,000 $198,609.60
ALIBABA GROUP HLDG LTD SR GLBL NT 20371206 4.000% US 730,000 $620,441.60
ALPHABET INC CAP STK CL A US 3,438 $626,231.70
AMAZON COM INC US 3,570 $689,902.50
AMERICAN HEALTHCARE REIT INC US 668 $9,759.48
AMERICAN HOMES 4 RENT US 674 $25,045.84
AMERICAN TOWER REIT COM US 151 $29,351.38
AMERICOLD RLTY TR US 489 $12,489.06
APPLE INC COM US 1,069 $225,152.78
ASHTEAD CAP INC SR SEC GLBL 20280501 4.000% US 375,000 $354,457.50
ASTRAZENECA PLC US 4,778 $372,636.22
ATLASSIAN CORPORATION CL A US 1,141 $201,820.08
AUCKLAND INTL NPV NZ 4,923 $23,068.69
AUTO TRADER GROUP ORD GBP1.50 GB 4,202 $42,557.72
AVALONBAY CMNTYS INC US 173 $35,791.97
AVANZA BANK HLDG NPV SE 864 $21,008.10
BAE SYS PLC US 2,023 $135,023.11
BAE SYSTEMS ORD GBP0.025 GB 1,465 $24,445.17
BANK AMERICA CORP FR . 20320422 2.687% US 620,000 $524,842.40
BEIERSDORF AG NPV DE 229 $33,513.57
BLACKROCK INC US 190 $149,590.80
BNSF FUNDING TRUST GTD PFD SECS 20551215 6.613% US 325,000 $324,863.50
BORR IHC LTD SR SEC A 20281115 10.000% US 192,682.93 $201,353.66
BRENNTAG AG NPV DE 228 $15,384.84
BROOGE PETROLEUM AND GAS AE 158,000 $137,460.00
CANADIAN NATL RY CO US 2,769 $327,101.97
CAPITAL ONE FINL CORP SR GLBL NT 20311030 7.624% US 620,000 $683,023.00
CARETRUST REIT INC US 563 $14,131.30
CELLNEX TELECOM SA EUR0.25 ES 740 $24,086.30
CENOVUS ENERGY INC SR NT . 20391115 6.750% US 440,000 $476,053.60
CF HIPPOLYTA ISSUER - A- . 20600715 1.690% US 337,294.5 $319,624.55
CF HIPPOLYTA ISSUER - A- . 20600715 1.990% US 266,312.18 $231,312.74
CIM TR -INV A- FLT 20490225 4.000% US 8,399.45 $7,841.58
CITIGROUP INC SR GLBL NT 20270609 1.462% US 535,000 $495,838.00
CITIZENS BK NA PROVIDENCE RI SR GLBL NT 20280809 4.575% US 370,000 $357,349.70
CLEANAWAY WASTE MG NPV AU 13,440 $24,863.25
COCA COLA CO US 7,362 $468,591.30
COGENT IPV LLC, - A- . 20540525 7.924% US 215,000 $218,982.49
COMMONBOND ST LN TR -A-GS A- . 20470125 2.540% US 115,837.42 $103,119.36
CONSTELLATION BRANDS INC US 923 $237,469.44
COPART INC US 4,676 $253,252.16
CROWN CASTLE INTL CORP NEW US 134 $13,091.80
CSMC TRUST -IVR A- FLT 20430525 2.500% US 100,383.81 $85,331.56
CSMC TRUST -TH A- FLT 20430225 2.130% US 61,731.51 $51,167.83
CSX CORP US 9,094 $304,194.30
DATABANK ISSUER LLC - A- . 20511025 2.400% US 410,000 $371,826.34
DATABANK ISSUER LLC - A- . 20530225 5.116% US 325,000 $311,249.48
DEUTSCHE BOERSE ADR US 11,851 $242,720.33
DEUTSCHE BOERSE AG NPV(REGD) DE 226 $46,287.38
DIGITAL RLTY TR INC US 183 $27,825.15
DIGITALBRIDGE GROUP INC CL A NEW US 745 $10,206.50
DOLLARAMA INC COM NPV CA 353 $32,223.65
ELECTRONIC ARTS INC US 2,795 $389,427.35
ENERGY TRANSFER L P SR GLBL A 20310201 7.375% US 330,000 $344,427.60
ENERGY TRANSFER L P SR NT . 20420201 6.500% US 495,000 $514,567.35
EPAM SYS INC US 863 $162,338.93
EQUINIX INC US 153 $115,759.80
EQUITY COMWLTH US 548 $10,631.20
EQUITY LIFESTYLE PPTYS INC US 450 $29,308.50
EQUITY RESIDENTIAL US 379 $26,279.86
EVERGY INC COM US 4,129 $218,713.13
EXPERIAN ORD USD0.10 GB 551 $25,673.69
EXTRA SPACE STORAGE INC US 192 $29,838.72
FHLMC GIANT MBS GOLD COMB . 20400401 6.000% US 3,734.84 $3,820.52
FHLMC GIANT MBS GOLD COMB . 20400501 6.000% US 47,574.89 $48,759.98
FHLMC GIANT MBS GOLD COMB . 20461101 4.000% US 11,984.88 $11,248.05
FHLMC GIANT MBS GOLD COMB . 20471001 4.500% US 103,659.81 $99,979.89
FHLMC MBS GOLD CASH . 20331201 4.500% US 12,180.58 $12,001.16
FHLMC MBS GOLD COMB . 20400801 4.500% US 153,742.13 $149,774.05
FHLMC MBS GOLD PC YR . 20471001 4.000% US 91,580.89 $85,682.16
FHLMC SUPER Y FIXED . 20500201 3.000% US 613,466.13 $530,709.55
FHLMC SUPER Y FIXED . 20520601 4.500% US 624,536.47 $590,611.65
FHLMC SUPER Y FIXED . 20520701 5.500% US 795,491.83 $787,345.99
FHLMC SUPER Y FIXED . 20521201 5.000% US 407,856.05 $395,424.60
FHLMC UMBS Y FIXED . 20420701 3.500% US 596,025.76 $545,417.21
FHLMC UMBS Y FIXED . 20421001 4.000% US 593,541.79 $554,433.32
FHLMC UMBS Y FIXED . 20531001 5.000% US 459,428.37 $446,444.92
FIFTH THIRD BANCORP SR GLBL NT 20281027 6.361% US 120,000 $122,631.60
FINECOBANK SPA EUR0.33 IT 1,218 $18,171.05
FIRST INDUSTRIAL REALTY TRUS US 183 $8,694.33
FISERV INC US 1,467 $218,641.68
FLAGSHIP CMNTYS RE TR UNIT (USD) CA 762 $10,622.28
FLEXENTIAL ISSUER LLC - A- . 20511127 3.250% US 670,000 $616,353.03
FNMA MEGA WGTD AVG MEGA . 20490101 5.641% US 224,069.37 $224,011.11
FNMA REMIC TRUST - KP . 20470725 3.500% US 7,004.85 $6,727.27
FNMA SUPER INT YEAR . 20430501 5.000% US 777,692.92 $762,667.89
FNMA SUPER LNG YEAR . 20361101 6.500% US 3,368.84 $3,480.21
FNMA SUPER LNG YEAR . 20381001 6.000% US 10,897.05 $11,146.81
FNMA SUPER LNG YEAR . 20420901 4.500% US 29,364.9 $28,571.17
FNMA SUPER LNG YEAR . 20491201 3.500% US 578,762.55 $524,845.03
FNMA SUPER LNG YEAR . 20501201 3.000% US 717,048.76 $620,340.39
FNMA SUPER LNG YEAR . 20510801 4.000% US 1,072,418.4 $995,086.31
FNMA SUPER LNG YEAR . 20520401 3.500% US 594,493 $533,932.00
FNMA SUPER LNG YEAR . 20520401 3.500% US 859,154.63 $769,905.65
FNMA UMBS INT YEAR . 20340201 4.500% US 66,010.68 $65,048.24
FNMA UMBS INT YEAR . 20340501 4.500% US 54,895.66 $54,054.66
FNMA UMBS INT YEAR . 20380701 3.500% US 52,046.6 $48,693.76
FNMA UMBS INT YEAR . 20401201 2.500% US 685,247.95 $599,084.87
FNMA UMBS INT YEAR . 20420601 4.000% US 601,302.13 $561,706.38
FNMA UMBS INT YEAR . 20430201 5.000% US 771,433.69 $756,784.16
FNMA UMBS LNG YEAR . 20370901 6.500% US 2,999.36 $3,095.43
FNMA UMBS LNG YEAR . 20370901 6.500% US 11,889.77 $12,324.58
FNMA UMBS LNG YEAR . 20371101 6.000% US 568.05 $573.50
FNMA UMBS LNG YEAR . 20380201 6.000% US 7,328.25 $7,501.42
FNMA UMBS LNG YEAR . 20380301 6.000% US 1,878.69 $1,921.04
FNMA UMBS LNG YEAR . 20380501 6.000% US 3,111.29 $3,170.25
FNMA UMBS LNG YEAR . 20380601 5.000% US 1,276.27 $1,252.85
FNMA UMBS LNG YEAR . 20380601 5.000% US 1,455.11 $1,428.48
FNMA UMBS LNG YEAR . 20391201 4.500% US 4,977.39 $4,842.75
FNMA UMBS LNG YEAR . 20410501 4.500% US 80,692.68 $78,509.14
FNMA UMBS LNG YEAR . 20441201 4.500% US 221,631.42 $214,581.32
FNMA UMBS LNG YEAR . 20460501 4.000% US 92,716.51 $86,904.11
FNMA UMBS LNG YEAR . 20471101 4.500% US 101,203.66 $97,114.02
FNMA UMBS LNG YEAR . 20491201 3.500% US 619,855.14 $556,716.70
FNMA UMBS LNG YEAR . 20500401 3.000% US 1,178,809.23 $1,019,811.44
FNMA UMBS LNG YEAR . 20520501 4.000% US 638,142.69 $585,955.38
FNMA UMBS LNG YEAR . 20520901 4.000% US 322,183.54 $295,819.26
FNMA UMBS LNG YEAR . 20521001 4.500% US 993,396.65 $939,445.28
FNMA UMBS LNG YEAR . 20521001 5.000% US 862,507.75 $836,529.02
FNMA UMBS LNG YEAR . 20521101 5.500% US 547,502.72 $542,295.97
FNMA UMBS LNG YEAR . 20530101 5.000% US 293,388.62 $284,454.94
GLOBANT S A US 1,143 $203,751.18
GNMA PASS-THRU X SINGLE FAMILY . 20370515 5.500% US 17,681.82 $18,023.61
GNMA REMIC TRUST - AH . 20561216 2.600% US 49,938.4 $44,883.29
GOLDEN PEAR FUNDING HOLDCO LLC SR A NT 20280302 10.000% US 50,000 $46,585.00
GOODMAN GROUP NPV (STAPLED UNITS) AU 400 $9,283.11
GS MBS TR -PJ A- FLT 20520225 2.500% US 262,319.15 $225,824.26
GS MRTG BCK SEC TR -INV A- FLT 20511225 5.000% US 363,666.99 $336,063.03
GS MTG -BACK SEC TR -PJ A- FLT 20511125 2.500% US 697,604.8 $601,102.62
HALMA ORD GBP0.10 GB 1,329 $45,460.50
HAWAII ST TAXABLE GO REF BDS G 20381001 2.682% US 380,000 $286,778.40
HDFC BANK LTD US 6,074 $390,740.42
HEINEKEN N V US 7,225 $349,617.75
HEINEKEN NV NL 378 $36,582.47
HELIOS TOWERS PLC ORD GBP0.01 GB 6,722 $9,890.84
HOTWIRE FDING LLC - A- . 20530520 5.687% US 500,000 $500,424.50
HUMANA INC US 483 $180,472.95
HUNTINGTON BANCSHARES INC GLBL NT . 20300204 2.550% US 420,000 $359,318.40
IMCD NV EUR0.16 NL 255 $35,337.21
IMPERIAL FUND MTG TR -NQM A- FLT 20561125 1.595% US 310,826.64 $262,189.70
INFINEON TECHNOLOGIES AG US 7,593 $279,171.83
INFINEON TECHNOLOGY DE 840 $30,883.76
INFRABUILD AUSTRALIA PTY LTD SR A NT 20281115 14.500% US 85,000 $87,877.25
INTERCONTINENTAL EXCHANGE INC COM US 1,716 $234,903.24
INTERMED CAP GRP ORD GBP0.2625 GB 893 $24,631.32
INTUITIVE SURGICAL INC US 352 $156,587.20
INVITATION HOMES INC US 1,122 $40,268.58
ITALY REP GLBL NT . 20241017 2.375% IT 100,000 $99,007.00
JAPAN (2 YEAR ISSUE) JP 55,000,000 $341,026.67
JEFFERIES FINANCIAL GROUP INC SR GLBL NT. 20340414 6.200% US 530,000 $537,038.40
JOHNSON AND JOHNSON US 3,146 $459,819.36
JP MORGAN MTG TR - -A- FLT 20290625 3.000% US 53,500.34 $51,160.03
JP MORGAN MTG TR -INV A- FLT 20500525 3.500% US 1,005,078.5 $892,422.47
JPMORGAN CHASE n CO SR GLBL NT 20310324 4.493% US 915,000 $881,950.20
KEYBANK NATIONAL ASSOCIATION SR GLBL NT 20271115 5.850% US 360,000 $358,873.20
KEYENCE CORP JP 100 $43,858.01
L3HARRIS TECHNOLOGIES INC COM US 2,102 $472,067.16
LEXINGTON CORP PPTYS TR US 2,186 $19,936.32
LIBRA SOL LLC - A . 20350215 7.000% US 134,331.56 $134,073.90
LONZA GROUP AG US 2,641 $144,129.93
LONZA GROUP AG CHF1(REGD) CH 58 $31,652.79
MASCO CORP US 2,121 $141,407.07
MASSMUTUAL GLBL FDG II MTN A NT . 20290117 4.850% US 200,000 $198,660.00
MASTERCARD INCORPORATED CL A US 1,353 $596,889.48
MERCADOLIBRE INC US 170 $279,378.00
META PLATFORMS INC CL A US 1,287 $648,931.14
METROPOLITAN LIFE GLOBAL FDG I FR . 20290108 4.850% US 200,000 $198,404.00
MEX BONOS DESARR FIX RT MX 350,000 $17,103.31
MICRON TECHNOLOGY INC US 996 $131,003.88
MICROSOFT CORP US 1,091 $487,622.45
MID-AMER APT CMNTYS INC US 93 $13,262.73
MONARCH CASINO AND RESORT INC US 145 $9,878.85
MONDELEZ INTL INC US 2,262 $148,025.28
MOODYS CORP US 644 $271,078.92
MSCI INC US 475 $228,831.25
NAVIENT CORPORATION SR GLBL NT 20250625 6.750% US 95,000 $94,950.60
NESTLE S A SPONSORED ADR US 2,163 $220,777.41
NESTLE SA CHF0.10 (REGD) CH 249 $25,415.40
NEW FORTRESS ENERGY INC SR SEC GLBL 20290315 8.750% US 95,000 $86,683.70
NEW RESI MTG LN TR - A- FLT 20550825 3.750% US 111,904.23 $103,683.47
NEW RESI MTG LN TR - A- FLT 20561125 3.750% US 155,545.94 $144,167.83
NEW RESI MTG LN TR - A-FXD FLT 20541125 3.750% US 103,517.71 $96,133.34
NEW YORK LIFE GLOBAL FDG FR . 20290129 4.700% US 175,000 $173,759.25
NEWCASTLE COAL INFRASTRUCTURE SR SEC A NT 20270929 4.400% US 368,797.51 $349,863.45
NORTHROP GRUMMAN CORP US 505 $220,154.75
OBX TRUST -NQM A- . 20631125 5.928% US 331,842.61 $332,027.68
OPEN INFRA US ASSETS AB (PUBL) 11.0 20270222 US 200,000 $198,903.20
OXFORD FIN CR FD III -A LP A- . 20320114 6.675% US 60,000 $59,840.27
OXFORD FIN FDG LLC - A- . 20280215 3.100% US 55,550.8 $54,826.16
OXFORD FIN FDG TR - A- . 20310215 6.716% US 440,000 $441,279.52
OXFORD FIN FDG TR LLC - A- . 20300215 3.602% US 527,531.69 $502,492.66
PALOMINO FDG TR I SR SEC GLBL 20280517 7.233% US 615,000 $645,805.35
PEAR - LLC A . 20350716 0.000% US 281,445.33 $283,614.32
PEAR LLC - A . 20360215 6.950% US 297,897.93 $297,563.36
PEAR, LLC - A . 20340115 2.600% US 310,116.98 $301,216.65
PELORUS FUND REIT LLC CR SEN SR GLBL 20260930 7.000% US 105,000 $100,356.90
PHILIP MORRIS INTL INC US 3,726 $377,555.58
PNC FINL SVCS GROUP INC SR GLBL NT 20260612 5.812% US 510,000 $510,494.70
PROLOGIS INC US 810 $90,971.10
PROVIDENT FDG MTG TR - A-A FLT 20510525 2.000% US 349,201.22 $294,455.41
PROVIDENT FND MTG TR -INV A- FLT 20510825 2.500% US 583,376.36 $464,677.36
PUBLIC STORAGE INC US 155 $44,585.75
RCKT MRTG TR - A- FLT 20511225 2.500% US 362,350.76 $288,578.32
REALTY INCOME CORP US 276 $14,578.32
REXFORD INDL RLTY INC US 471 $21,001.89
ROCHE HLDG LTD SPONSORED ADR US 9,194 $319,096.16
ROCHE HLDGS AG GENUSSCHEINE NPV CH 126 $34,984.42
S AND P GLOBAL INC US 497 $221,662.00
SBA COMMUNICATIONS CORP NEW US 201 $39,456.30
SBA TOWER TR - - . 20521115 6.599% US 515,000 $525,715.50
SEQUOIA MTG TR - A FLT 20430225 1.874% US 52,173.98 $42,727.24
SEQUOIA MTG TR - A- FLT 20430525 3.000% US 88,034.92 $76,508.01
SEQUOIA MTG TR - A- FLT 20430625 3.000% US 60,267.34 $52,223.79
SEQUOIA MTG TR - A- FLT 20430625 3.000% US 72,365.3 $62,903.72
SERVICENOW INC US 412 $324,108.04
SIMON PPTY GROUP LP GLBL NT . 20320115 2.250% US 475,000 $386,327.00
SIMON PPTY GROUP LP SR GLBL NT 20320201 2.650% US 800,000 $668,968.00
SIRIUSPOINT LTD SR GLBL NT 20290405 7.000% US 380,000 $385,494.80
SLM STUDENT LOAN TR - A- FLT 20220725 7.259% US 756,489.88 $759,336.32
SLM STUDENT LOAN TR - A- FLT 20440325 5.466% US 71,861.86 $70,598.92
SLM STUDENT LOAN TR - A- FLT 20830426 6.609% US 745,638.68 $740,250.32
SMB PRIVATE ED LN TR -B A-A FLT 20530715 1.290% US 236,285.77 $216,471.79
SMB PRIVATE EDU LN TR -B A-A . 20370615 2.840% US 283,981.28 $270,834.76
SOFTCAT PLC ORD GBP0.0005 GB 888 $20,396.20
SONY CORP NPV JP 400 $33,917.69
SOUTH CAROLINA ST PUB SVCS AUT TAXABLE REF OBLIGS B 20261201 1.852% US 290,000 $268,664.70
STARWOOD RTL PPTY TR -STAR A FLT 20271115 8.494% US 445,269.62 $271,391.83
STORE MSTR FDG I-VII - A- . 20491120 2.820% US 283,775.29 $264,901.96
SUN COMMUNITIES INC US 346 $41,637.64
TAIWAN SEMICONDUCTOR MFG LTD US 3,068 $533,249.08
TECHTRONIC INDS LTD US 2,470 $141,098.75
TECHTRONIC INDUSTRIES HK 3,000 $34,275.17
TENCENT HLDGS LIMI HKD0.00002 HK 800 $38,158.67
TENCENT HLDGS LTD FR . 20290411 3.975% US 720,000 $684,662.40
TERRENO RLTY CORP US 398 $23,553.64
THERMO FISHER SCIENTIFIC INC COM US 267 $147,651.00
TOWD PT MTG TR -HY A FLT 20481026 6.193% US 57,914.13 $58,776.45
TRUIST FINL CORP FR . 20290607 1.887% US 635,000 $556,177.45
UDR INC US 274 $11,275.10
UNION PAC CORP US 1,003 $226,938.78
UNITED AIR PASS THRU TR - B . 20291101 3.500% US 74,842.1 $69,958.71
UNITED AIRLS INC -B B . 20270901 4.600% US 17,140.57 $16,763.53
UNITED STATES TREAS BDS . 20420215 2.375% US 2,379,000 $1,739,929.23
UNITED STATES TREAS BDS TIPS . 20270115 2.375% US 2,431,707.2 $2,430,296.81
UNITED STATES TREAS NTS . 20241115 2.250% US 1,766,000 $1,745,585.04
UNITED STATES TREAS NTS . 20251115 2.250% US 3,959,000 $3,817,980.42
UNITED STATES TREAS NTS . 20271115 2.250% US 3,705,000 $3,447,391.35
UNITED STATES TREAS NTS . 20281115 3.125% US 1,348,000 $1,280,653.92
UNITED STATES TREAS NTS . 20291115 1.750% US 2,473,000 $2,173,643.35
UNITED STATES TREAS NTS . 20301115 0.875% US 2,909,000 $2,355,620.93
UNITED STATES TREAS NTS . 20331115 4.500% US 1,274,000 $1,288,536.34
UNITED STATES TREAS NTS 20261115 2.000% US 3,111,000 $2,927,855.43
UNITEDHEALTH GROUP INC US 302 $153,796.52
US BANCORP FR . 20290201 4.653% US 550,000 $538,400.50
US DOLLARS US 1,921,788.94 $1,921,788.94
VENTAS INC US 319 $16,351.94
VERTEX PHARMACEUTICALS INC US 354 $165,926.88
VISA INC US 1,679 $440,687.13
WARNERMEDIA HLDGS INC SR GLBL NT 20290315 4.054% US 560,000 $517,456.80
WELLS FARGO n CO FR . 20280422 5.707% US 530,000 $534,732.90
WELLTOWER INC US 418 $43,576.50
WEST FRASER TIMBER COM NPV CA 501 $38,469.74
WEST FRASER TIMBER LTD US 1,551 $119,225.37
WINWATER MTG LN TR - A- FLT 20450120 3.500% US 40,967.77 $36,837.39

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

$34.64

Daily $ Change

-$0.11

Daily % Change

-0.32%

as of 07/19/2024

CUSIP

563821149

Inception Date

01/01/2000

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

Important Documents

Applications & Forms
Fact Sheet
Annual Report

Investment Objective

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

Investment Strategy

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

The fund manager will adjust the investment mix over time to manage risk by continually evaluating individual securities and market conditions to determine the relative attractiveness of each investment. In general, stock exposure will increase when valuations are low and decrease during speculative markets.

May be Appropriate for Investors

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

About Our Risk-Based Funds

Risk-based funds offer professional management and asset allocation through a choice of investment objectives that range from fairly aggressive to fairly conservative. All an investor has to do is determine which objective best suits their current risk tolerance and investment time horizon, then decide when to move to a different objective as their personal situation changes over the years.

Time Horizon & Range of Stock Exposure

Conservative Term Moderate Term Extended Term Maximum Term
0-5 Years 3-10 Years 15+ Years 7-20 Years
5-35% 20-60% 40-70% 70-95%

Generally, the longer your time horizon, the more aggressive your investment objective can be. Greater stock exposure is typically associated with higher return potential and higher capital risk.

Learn more about our Pro-Mix® Series

Performance

As of 06/30/2024

YTD

1.54%

1 Year

5.87%

3 Year

-0.16%

5 Year

3.54%

10 Year

3.19%

Inception
(01/01/2000)

5.16%

Performance data quoted represents past performance and does not guarantee future results. Performance for periods greater than one year is annualized. Your investment may fluctuate in value and there is a potential for loss as well as profit.

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

Expense Ratio

Gross 0.88%
Net 0.85%*

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

Top Ten Investments

As of 06/30/2024

UNITED STATES TREAS NTS . 20251115 2.250% 4.49%
UNITED STATES TREAS NTS . 20271115 2.250% 4.05%
UNITED STATES TREAS NTS 20261115 2.000% 3.44%
UNITED STATES TREAS BDS TIPS . 20270115 2.375% 2.86%
UNITED STATES TREAS NTS . 20301115 0.875% 2.77%
UNITED STATES TREAS NTS . 20291115 1.750% 2.55%
UNITED STATES TREAS NTS . 20241115 2.250% 2.05%
UNITED STATES TREAS BDS . 20420215 2.375% 2.04%
UNITED STATES TREAS NTS . 20331115 4.500% 1.51%
UNITED STATES TREAS NTS . 20281115 3.125% 1.51%

This investment list is unaudited and excludes cash.

Asset Allocation

As of 06/30/2024

Fixed Income
78.54%
Equity
19.25%
Cash and Equivalents
2.21%
Security Description Country Ticker Shares/Par Market Value (USD)
ADMIRAL GROUP US 4,469 $147,727.26
ADMIRAL GROUP GB 1,255 $41,485.55
AERCAP IRELAND CAPITAL LIMITED SR GLBL NT 20281029 3.000% US 365,000 $331,872.60
AGREE REALTY CORP US 315 $19,511.10
AIR LIQUIDE FR 193 $33,360.41
AIRBUS SE EUR1 FR 234 $32,166.26
ALASKA AIRLINES EQ TR -B B . 20270215 8.000% US 20,712.58 $20,947.96
ALCON INC ORD SHS US 1,962 $174,774.96
ALEXANDER FDG TR II SR SEC GLBL 20280731 7.467% US 305,000 $322,747.95
ALIBABA GROUP HLDG LTD SR GLBL NT 20310209 2.125% US 240,000 $198,609.60
ALIBABA GROUP HLDG LTD SR GLBL NT 20371206 4.000% US 730,000 $620,441.60
ALPHABET INC CAP STK CL A US 3,438 $626,231.70
AMAZON COM INC US 3,570 $689,902.50
AMERICAN HEALTHCARE REIT INC US 668 $9,759.48
AMERICAN HOMES 4 RENT US 674 $25,045.84
AMERICAN TOWER REIT COM US 151 $29,351.38
AMERICOLD RLTY TR US 489 $12,489.06
APPLE INC COM US 1,069 $225,152.78
ASHTEAD CAP INC SR SEC GLBL 20280501 4.000% US 375,000 $354,457.50
ASTRAZENECA PLC US 4,778 $372,636.22
ATLASSIAN CORPORATION CL A US 1,141 $201,820.08
AUCKLAND INTL NPV NZ 4,923 $23,068.69
AUTO TRADER GROUP ORD GBP1.50 GB 4,202 $42,557.72
AVALONBAY CMNTYS INC US 173 $35,791.97
AVANZA BANK HLDG NPV SE 864 $21,008.10
BAE SYS PLC US 2,023 $135,023.11
BAE SYSTEMS ORD GBP0.025 GB 1,465 $24,445.17
BANK AMERICA CORP FR . 20320422 2.687% US 620,000 $524,842.40
BEIERSDORF AG NPV DE 229 $33,513.57
BLACKROCK INC US 190 $149,590.80
BNSF FUNDING TRUST GTD PFD SECS 20551215 6.613% US 325,000 $324,863.50
BORR IHC LTD SR SEC A 20281115 10.000% US 192,682.93 $201,353.66
BRENNTAG AG NPV DE 228 $15,384.84
BROOGE PETROLEUM AND GAS AE 158,000 $137,460.00
CANADIAN NATL RY CO US 2,769 $327,101.97
CAPITAL ONE FINL CORP SR GLBL NT 20311030 7.624% US 620,000 $683,023.00
CARETRUST REIT INC US 563 $14,131.30
CELLNEX TELECOM SA EUR0.25 ES 740 $24,086.30
CENOVUS ENERGY INC SR NT . 20391115 6.750% US 440,000 $476,053.60
CF HIPPOLYTA ISSUER - A- . 20600715 1.690% US 337,294.5 $319,624.55
CF HIPPOLYTA ISSUER - A- . 20600715 1.990% US 266,312.18 $231,312.74
CIM TR -INV A- FLT 20490225 4.000% US 8,399.45 $7,841.58
CITIGROUP INC SR GLBL NT 20270609 1.462% US 535,000 $495,838.00
CITIZENS BK NA PROVIDENCE RI SR GLBL NT 20280809 4.575% US 370,000 $357,349.70
CLEANAWAY WASTE MG NPV AU 13,440 $24,863.25
COCA COLA CO US 7,362 $468,591.30
COGENT IPV LLC, - A- . 20540525 7.924% US 215,000 $218,982.49
COMMONBOND ST LN TR -A-GS A- . 20470125 2.540% US 115,837.42 $103,119.36
CONSTELLATION BRANDS INC US 923 $237,469.44
COPART INC US 4,676 $253,252.16
CROWN CASTLE INTL CORP NEW US 134 $13,091.80
CSMC TRUST -IVR A- FLT 20430525 2.500% US 100,383.81 $85,331.56
CSMC TRUST -TH A- FLT 20430225 2.130% US 61,731.51 $51,167.83
CSX CORP US 9,094 $304,194.30
DATABANK ISSUER LLC - A- . 20511025 2.400% US 410,000 $371,826.34
DATABANK ISSUER LLC - A- . 20530225 5.116% US 325,000 $311,249.48
DEUTSCHE BOERSE ADR US 11,851 $242,720.33
DEUTSCHE BOERSE AG NPV(REGD) DE 226 $46,287.38
DIGITAL RLTY TR INC US 183 $27,825.15
DIGITALBRIDGE GROUP INC CL A NEW US 745 $10,206.50
DOLLARAMA INC COM NPV CA 353 $32,223.65
ELECTRONIC ARTS INC US 2,795 $389,427.35
ENERGY TRANSFER L P SR GLBL A 20310201 7.375% US 330,000 $344,427.60
ENERGY TRANSFER L P SR NT . 20420201 6.500% US 495,000 $514,567.35
EPAM SYS INC US 863 $162,338.93
EQUINIX INC US 153 $115,759.80
EQUITY COMWLTH US 548 $10,631.20
EQUITY LIFESTYLE PPTYS INC US 450 $29,308.50
EQUITY RESIDENTIAL US 379 $26,279.86
EVERGY INC COM US 4,129 $218,713.13
EXPERIAN ORD USD0.10 GB 551 $25,673.69
EXTRA SPACE STORAGE INC US 192 $29,838.72
FHLMC GIANT MBS GOLD COMB . 20400401 6.000% US 3,734.84 $3,820.52
FHLMC GIANT MBS GOLD COMB . 20400501 6.000% US 47,574.89 $48,759.98
FHLMC GIANT MBS GOLD COMB . 20461101 4.000% US 11,984.88 $11,248.05
FHLMC GIANT MBS GOLD COMB . 20471001 4.500% US 103,659.81 $99,979.89
FHLMC MBS GOLD CASH . 20331201 4.500% US 12,180.58 $12,001.16
FHLMC MBS GOLD COMB . 20400801 4.500% US 153,742.13 $149,774.05
FHLMC MBS GOLD PC YR . 20471001 4.000% US 91,580.89 $85,682.16
FHLMC SUPER Y FIXED . 20500201 3.000% US 613,466.13 $530,709.55
FHLMC SUPER Y FIXED . 20520601 4.500% US 624,536.47 $590,611.65
FHLMC SUPER Y FIXED . 20520701 5.500% US 795,491.83 $787,345.99
FHLMC SUPER Y FIXED . 20521201 5.000% US 407,856.05 $395,424.60
FHLMC UMBS Y FIXED . 20420701 3.500% US 596,025.76 $545,417.21
FHLMC UMBS Y FIXED . 20421001 4.000% US 593,541.79 $554,433.32
FHLMC UMBS Y FIXED . 20531001 5.000% US 459,428.37 $446,444.92
FIFTH THIRD BANCORP SR GLBL NT 20281027 6.361% US 120,000 $122,631.60
FINECOBANK SPA EUR0.33 IT 1,218 $18,171.05
FIRST INDUSTRIAL REALTY TRUS US 183 $8,694.33
FISERV INC US 1,467 $218,641.68
FLAGSHIP CMNTYS RE TR UNIT (USD) CA 762 $10,622.28
FLEXENTIAL ISSUER LLC - A- . 20511127 3.250% US 670,000 $616,353.03
FNMA MEGA WGTD AVG MEGA . 20490101 5.641% US 224,069.37 $224,011.11
FNMA REMIC TRUST - KP . 20470725 3.500% US 7,004.85 $6,727.27
FNMA SUPER INT YEAR . 20430501 5.000% US 777,692.92 $762,667.89
FNMA SUPER LNG YEAR . 20361101 6.500% US 3,368.84 $3,480.21
FNMA SUPER LNG YEAR . 20381001 6.000% US 10,897.05 $11,146.81
FNMA SUPER LNG YEAR . 20420901 4.500% US 29,364.9 $28,571.17
FNMA SUPER LNG YEAR . 20491201 3.500% US 578,762.55 $524,845.03
FNMA SUPER LNG YEAR . 20501201 3.000% US 717,048.76 $620,340.39
FNMA SUPER LNG YEAR . 20510801 4.000% US 1,072,418.4 $995,086.31
FNMA SUPER LNG YEAR . 20520401 3.500% US 594,493 $533,932.00
FNMA SUPER LNG YEAR . 20520401 3.500% US 859,154.63 $769,905.65
FNMA UMBS INT YEAR . 20340201 4.500% US 66,010.68 $65,048.24
FNMA UMBS INT YEAR . 20340501 4.500% US 54,895.66 $54,054.66
FNMA UMBS INT YEAR . 20380701 3.500% US 52,046.6 $48,693.76
FNMA UMBS INT YEAR . 20401201 2.500% US 685,247.95 $599,084.87
FNMA UMBS INT YEAR . 20420601 4.000% US 601,302.13 $561,706.38
FNMA UMBS INT YEAR . 20430201 5.000% US 771,433.69 $756,784.16
FNMA UMBS LNG YEAR . 20370901 6.500% US 2,999.36 $3,095.43
FNMA UMBS LNG YEAR . 20370901 6.500% US 11,889.77 $12,324.58
FNMA UMBS LNG YEAR . 20371101 6.000% US 568.05 $573.50
FNMA UMBS LNG YEAR . 20380201 6.000% US 7,328.25 $7,501.42
FNMA UMBS LNG YEAR . 20380301 6.000% US 1,878.69 $1,921.04
FNMA UMBS LNG YEAR . 20380501 6.000% US 3,111.29 $3,170.25
FNMA UMBS LNG YEAR . 20380601 5.000% US 1,276.27 $1,252.85
FNMA UMBS LNG YEAR . 20380601 5.000% US 1,455.11 $1,428.48
FNMA UMBS LNG YEAR . 20391201 4.500% US 4,977.39 $4,842.75
FNMA UMBS LNG YEAR . 20410501 4.500% US 80,692.68 $78,509.14
FNMA UMBS LNG YEAR . 20441201 4.500% US 221,631.42 $214,581.32
FNMA UMBS LNG YEAR . 20460501 4.000% US 92,716.51 $86,904.11
FNMA UMBS LNG YEAR . 20471101 4.500% US 101,203.66 $97,114.02
FNMA UMBS LNG YEAR . 20491201 3.500% US 619,855.14 $556,716.70
FNMA UMBS LNG YEAR . 20500401 3.000% US 1,178,809.23 $1,019,811.44
FNMA UMBS LNG YEAR . 20520501 4.000% US 638,142.69 $585,955.38
FNMA UMBS LNG YEAR . 20520901 4.000% US 322,183.54 $295,819.26
FNMA UMBS LNG YEAR . 20521001 4.500% US 993,396.65 $939,445.28
FNMA UMBS LNG YEAR . 20521001 5.000% US 862,507.75 $836,529.02
FNMA UMBS LNG YEAR . 20521101 5.500% US 547,502.72 $542,295.97
FNMA UMBS LNG YEAR . 20530101 5.000% US 293,388.62 $284,454.94
GLOBANT S A US 1,143 $203,751.18
GNMA PASS-THRU X SINGLE FAMILY . 20370515 5.500% US 17,681.82 $18,023.61
GNMA REMIC TRUST - AH . 20561216 2.600% US 49,938.4 $44,883.29
GOLDEN PEAR FUNDING HOLDCO LLC SR A NT 20280302 10.000% US 50,000 $46,585.00
GOODMAN GROUP NPV (STAPLED UNITS) AU 400 $9,283.11
GS MBS TR -PJ A- FLT 20520225 2.500% US 262,319.15 $225,824.26
GS MRTG BCK SEC TR -INV A- FLT 20511225 5.000% US 363,666.99 $336,063.03
GS MTG -BACK SEC TR -PJ A- FLT 20511125 2.500% US 697,604.8 $601,102.62
HALMA ORD GBP0.10 GB 1,329 $45,460.50
HAWAII ST TAXABLE GO REF BDS G 20381001 2.682% US 380,000 $286,778.40
HDFC BANK LTD US 6,074 $390,740.42
HEINEKEN N V US 7,225 $349,617.75
HEINEKEN NV NL 378 $36,582.47
HELIOS TOWERS PLC ORD GBP0.01 GB 6,722 $9,890.84
HOTWIRE FDING LLC - A- . 20530520 5.687% US 500,000 $500,424.50
HUMANA INC US 483 $180,472.95
HUNTINGTON BANCSHARES INC GLBL NT . 20300204 2.550% US 420,000 $359,318.40
IMCD NV EUR0.16 NL 255 $35,337.21
IMPERIAL FUND MTG TR -NQM A- FLT 20561125 1.595% US 310,826.64 $262,189.70
INFINEON TECHNOLOGIES AG US 7,593 $279,171.83
INFINEON TECHNOLOGY DE 840 $30,883.76
INFRABUILD AUSTRALIA PTY LTD SR A NT 20281115 14.500% US 85,000 $87,877.25
INTERCONTINENTAL EXCHANGE INC COM US 1,716 $234,903.24
INTERMED CAP GRP ORD GBP0.2625 GB 893 $24,631.32
INTUITIVE SURGICAL INC US 352 $156,587.20
INVITATION HOMES INC US 1,122 $40,268.58
ITALY REP GLBL NT . 20241017 2.375% IT 100,000 $99,007.00
JAPAN (2 YEAR ISSUE) JP 55,000,000 $341,026.67
JEFFERIES FINANCIAL GROUP INC SR GLBL NT. 20340414 6.200% US 530,000 $537,038.40
JOHNSON AND JOHNSON US 3,146 $459,819.36
JP MORGAN MTG TR - -A- FLT 20290625 3.000% US 53,500.34 $51,160.03
JP MORGAN MTG TR -INV A- FLT 20500525 3.500% US 1,005,078.5 $892,422.47
JPMORGAN CHASE n CO SR GLBL NT 20310324 4.493% US 915,000 $881,950.20
KEYBANK NATIONAL ASSOCIATION SR GLBL NT 20271115 5.850% US 360,000 $358,873.20
KEYENCE CORP JP 100 $43,858.01
L3HARRIS TECHNOLOGIES INC COM US 2,102 $472,067.16
LEXINGTON CORP PPTYS TR US 2,186 $19,936.32
LIBRA SOL LLC - A . 20350215 7.000% US 134,331.56 $134,073.90
LONZA GROUP AG US 2,641 $144,129.93
LONZA GROUP AG CHF1(REGD) CH 58 $31,652.79
MASCO CORP US 2,121 $141,407.07
MASSMUTUAL GLBL FDG II MTN A NT . 20290117 4.850% US 200,000 $198,660.00
MASTERCARD INCORPORATED CL A US 1,353 $596,889.48
MERCADOLIBRE INC US 170 $279,378.00
META PLATFORMS INC CL A US 1,287 $648,931.14
METROPOLITAN LIFE GLOBAL FDG I FR . 20290108 4.850% US 200,000 $198,404.00
MEX BONOS DESARR FIX RT MX 350,000 $17,103.31
MICRON TECHNOLOGY INC US 996 $131,003.88
MICROSOFT CORP US 1,091 $487,622.45
MID-AMER APT CMNTYS INC US 93 $13,262.73
MONARCH CASINO AND RESORT INC US 145 $9,878.85
MONDELEZ INTL INC US 2,262 $148,025.28
MOODYS CORP US 644 $271,078.92
MSCI INC US 475 $228,831.25
NAVIENT CORPORATION SR GLBL NT 20250625 6.750% US 95,000 $94,950.60
NESTLE S A SPONSORED ADR US 2,163 $220,777.41
NESTLE SA CHF0.10 (REGD) CH 249 $25,415.40
NEW FORTRESS ENERGY INC SR SEC GLBL 20290315 8.750% US 95,000 $86,683.70
NEW RESI MTG LN TR - A- FLT 20550825 3.750% US 111,904.23 $103,683.47
NEW RESI MTG LN TR - A- FLT 20561125 3.750% US 155,545.94 $144,167.83
NEW RESI MTG LN TR - A-FXD FLT 20541125 3.750% US 103,517.71 $96,133.34
NEW YORK LIFE GLOBAL FDG FR . 20290129 4.700% US 175,000 $173,759.25
NEWCASTLE COAL INFRASTRUCTURE SR SEC A NT 20270929 4.400% US 368,797.51 $349,863.45
NORTHROP GRUMMAN CORP US 505 $220,154.75
OBX TRUST -NQM A- . 20631125 5.928% US 331,842.61 $332,027.68
OPEN INFRA US ASSETS AB (PUBL) 11.0 20270222 US 200,000 $198,903.20
OXFORD FIN CR FD III -A LP A- . 20320114 6.675% US 60,000 $59,840.27
OXFORD FIN FDG LLC - A- . 20280215 3.100% US 55,550.8 $54,826.16
OXFORD FIN FDG TR - A- . 20310215 6.716% US 440,000 $441,279.52
OXFORD FIN FDG TR LLC - A- . 20300215 3.602% US 527,531.69 $502,492.66
PALOMINO FDG TR I SR SEC GLBL 20280517 7.233% US 615,000 $645,805.35
PEAR - LLC A . 20350716 0.000% US 281,445.33 $283,614.32
PEAR LLC - A . 20360215 6.950% US 297,897.93 $297,563.36
PEAR, LLC - A . 20340115 2.600% US 310,116.98 $301,216.65
PELORUS FUND REIT LLC CR SEN SR GLBL 20260930 7.000% US 105,000 $100,356.90
PHILIP MORRIS INTL INC US 3,726 $377,555.58
PNC FINL SVCS GROUP INC SR GLBL NT 20260612 5.812% US 510,000 $510,494.70
PROLOGIS INC US 810 $90,971.10
PROVIDENT FDG MTG TR - A-A FLT 20510525 2.000% US 349,201.22 $294,455.41
PROVIDENT FND MTG TR -INV A- FLT 20510825 2.500% US 583,376.36 $464,677.36
PUBLIC STORAGE INC US 155 $44,585.75
RCKT MRTG TR - A- FLT 20511225 2.500% US 362,350.76 $288,578.32
REALTY INCOME CORP US 276 $14,578.32
REXFORD INDL RLTY INC US 471 $21,001.89
ROCHE HLDG LTD SPONSORED ADR US 9,194 $319,096.16
ROCHE HLDGS AG GENUSSCHEINE NPV CH 126 $34,984.42
S AND P GLOBAL INC US 497 $221,662.00
SBA COMMUNICATIONS CORP NEW US 201 $39,456.30
SBA TOWER TR - - . 20521115 6.599% US 515,000 $525,715.50
SEQUOIA MTG TR - A FLT 20430225 1.874% US 52,173.98 $42,727.24
SEQUOIA MTG TR - A- FLT 20430525 3.000% US 88,034.92 $76,508.01
SEQUOIA MTG TR - A- FLT 20430625 3.000% US 60,267.34 $52,223.79
SEQUOIA MTG TR - A- FLT 20430625 3.000% US 72,365.3 $62,903.72
SERVICENOW INC US 412 $324,108.04
SIMON PPTY GROUP LP GLBL NT . 20320115 2.250% US 475,000 $386,327.00
SIMON PPTY GROUP LP SR GLBL NT 20320201 2.650% US 800,000 $668,968.00
SIRIUSPOINT LTD SR GLBL NT 20290405 7.000% US 380,000 $385,494.80
SLM STUDENT LOAN TR - A- FLT 20220725 7.259% US 756,489.88 $759,336.32
SLM STUDENT LOAN TR - A- FLT 20440325 5.466% US 71,861.86 $70,598.92
SLM STUDENT LOAN TR - A- FLT 20830426 6.609% US 745,638.68 $740,250.32
SMB PRIVATE ED LN TR -B A-A FLT 20530715 1.290% US 236,285.77 $216,471.79
SMB PRIVATE EDU LN TR -B A-A . 20370615 2.840% US 283,981.28 $270,834.76
SOFTCAT PLC ORD GBP0.0005 GB 888 $20,396.20
SONY CORP NPV JP 400 $33,917.69
SOUTH CAROLINA ST PUB SVCS AUT TAXABLE REF OBLIGS B 20261201 1.852% US 290,000 $268,664.70
STARWOOD RTL PPTY TR -STAR A FLT 20271115 8.494% US 445,269.62 $271,391.83
STORE MSTR FDG I-VII - A- . 20491120 2.820% US 283,775.29 $264,901.96
SUN COMMUNITIES INC US 346 $41,637.64
TAIWAN SEMICONDUCTOR MFG LTD US 3,068 $533,249.08
TECHTRONIC INDS LTD US 2,470 $141,098.75
TECHTRONIC INDUSTRIES HK 3,000 $34,275.17
TENCENT HLDGS LIMI HKD0.00002 HK 800 $38,158.67
TENCENT HLDGS LTD FR . 20290411 3.975% US 720,000 $684,662.40
TERRENO RLTY CORP US 398 $23,553.64
THERMO FISHER SCIENTIFIC INC COM US 267 $147,651.00
TOWD PT MTG TR -HY A FLT 20481026 6.193% US 57,914.13 $58,776.45
TRUIST FINL CORP FR . 20290607 1.887% US 635,000 $556,177.45
UDR INC US 274 $11,275.10
UNION PAC CORP US 1,003 $226,938.78
UNITED AIR PASS THRU TR - B . 20291101 3.500% US 74,842.1 $69,958.71
UNITED AIRLS INC -B B . 20270901 4.600% US 17,140.57 $16,763.53
UNITED STATES TREAS BDS . 20420215 2.375% US 2,379,000 $1,739,929.23
UNITED STATES TREAS BDS TIPS . 20270115 2.375% US 2,431,707.2 $2,430,296.81
UNITED STATES TREAS NTS . 20241115 2.250% US 1,766,000 $1,745,585.04
UNITED STATES TREAS NTS . 20251115 2.250% US 3,959,000 $3,817,980.42
UNITED STATES TREAS NTS . 20271115 2.250% US 3,705,000 $3,447,391.35
UNITED STATES TREAS NTS . 20281115 3.125% US 1,348,000 $1,280,653.92
UNITED STATES TREAS NTS . 20291115 1.750% US 2,473,000 $2,173,643.35
UNITED STATES TREAS NTS . 20301115 0.875% US 2,909,000 $2,355,620.93
UNITED STATES TREAS NTS . 20331115 4.500% US 1,274,000 $1,288,536.34
UNITED STATES TREAS NTS 20261115 2.000% US 3,111,000 $2,927,855.43
UNITEDHEALTH GROUP INC US 302 $153,796.52
US BANCORP FR . 20290201 4.653% US 550,000 $538,400.50
US DOLLARS US 1,921,788.94 $1,921,788.94
VENTAS INC US 319 $16,351.94
VERTEX PHARMACEUTICALS INC US 354 $165,926.88
VISA INC US 1,679 $440,687.13
WARNERMEDIA HLDGS INC SR GLBL NT 20290315 4.054% US 560,000 $517,456.80
WELLS FARGO n CO FR . 20280422 5.707% US 530,000 $534,732.90
WELLTOWER INC US 418 $43,576.50
WEST FRASER TIMBER COM NPV CA 501 $38,469.74
WEST FRASER TIMBER LTD US 1,551 $119,225.37
WINWATER MTG LN TR - A- FLT 20450120 3.500% US 40,967.77 $36,837.39

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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