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.

Manning and Napier Risk-Based Funds Graphic

Learn more about our Pro-Mix® Series

Daily Price

$13.79

Daily $ Change

$0.06

Daily % Change

0.44%

as of 07/15/2020

CUSIP

302027123

Inception Date

10/15/2013

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

Important Documents

Annual Report
Applications & Forms

Performance

As of 06/30/2020

YTD

2.73%

1 Year

7.02%

3 Year

5.86%

5 Year

4.83%

10 Year

5.53%

Inception
(01/01/2000)

5.96%

US Stock Market Cycle (04/01/2000 - 06/30/2020)

5.91%

Performance through the inception date of the Pro-Mix® CIT Class U units is based on the historical performance of the CIT's oldest unit class. Returns are net of Pro-Mix CIT® Class U 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 0.51%
Net 0.49%*

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

Top Ten Investments

As of 06/30/2020

GOVERNMENT AGENCY 8.98%
TREASURY NOTES 7.80%
TSY INFL IX N/B 2.00000 01/15/2026 2.96%
TSY INFL IX N/B 0.12500 04/15/2025 2.00%
TSY INFL IX N/B 0.50000 04/15/2024 1.94%
EXPORT-IMPORT BANK KOREA 2.62500 12/30/2020 1.48%
VERIZON COMMUNICATIONS 5.25000 03/16/2037 1.25%
BOOKING HOLDINGS INC 3.60000 06/01/2026 1.22%
ALIBABA GROUP HOLDING 3.40000 12/06/2027 1.18%
AMERICAN TOWER CORP 3.80000 08/15/2029 1.11%

This investment list is unaudited and excludes cash.

Asset Allocation

As of 06/30/2020

Bonds 68.39%
Stocks 30.36%
Cash 1.25%

Detailed Asset Class Allocation

As of 06/30/2020

International Equities 6.31%
Small Capitalization 0.39%
Mid Capitalization 1.94%
Large Capitalization 21.71%
Long Term Fixed Income 20.37%
Intermediate Term Fixed Income 42.26%
Short Term Fixed Income 5.77%
Cash 1.25%

Due to rounding, the sum of the detailed asset class allocation categories may not equal the asset allocation totals provided above.

June Fund Holdings

As of 06/30/2020

CUSIP Security Description Country Ticker Shares/Par Market Value (USD)
00206RDQ2 AT&T INC 4.25000 03/01/2027 US 310,000 $353,133.94
00287Y109 ABBVIE INC US ABBV 2,945 $289,140.10
00507V109 ACTIVISION INC US ATVI 5,380 $408,342.00
00774MAG0 AERCAP IRELAND CAP / GLOBA 4.45000 10/01/2025 IE 970,000 $931,969.69
00791GAA5 AG MERGER SUB II INC 10.75000 08/01/2027 US 15,000 $14,700.00
008492100 AGREE REALTY CORP US ADC 500 $32,855.00
00912XAV6 AIR LEASE CORP 3.62500 04/01/2027 US 400,000 $392,319.64
00914AAB8 AIR LEASE CORP 3.75000 06/01/2026 US 300,000 $302,742.52
01166WAA5 ALASKA AIR 2020-1 CL B 8.00000 08/15/2025 US 25,000 $25,312.50
013822AC5 ALCOA NEDERLAND HOLDING 6.12500 05/15/2028 NL 35,000 $35,853.30
015271109 ALEXANDRIA REAL EST EQUITIES US ARE 180 $29,205.00
01609W102 ALIBABA GROUP - ADR CN BABA 1,805 $389,338.50
01609WAT9 ALIBABA GROUP HOLDING 3.40000 12/06/2027 KY 1,120,000 $1,244,272.05
02079K305 ALPHABET INC-CL A US GOOGL 290 $411,234.50
023135106 AMAZON.COM INC US AMZN 230 $634,528.60
0237400 DIAGEO PLC GB DGE LN 5,860 $194,770.25
02406PBA7 AMERICAN AXLE & MFG INC 6.87500 07/01/2028 US 25,000 $24,750.00
024835100 AMERICAN CAMPUS COMMUNITIES US ACC 1,412 $49,363.52
02665T306 AMERICAN HOMES 4 RENT- A US AMH 2,190 $58,911.00
03027X100 AMERICAN TOWER REIT INC US AMT 970 $250,783.80
03027XAW0 AMERICAN TOWER CORP 3.80000 08/15/2029 US 1,040,000 $1,177,045.96
03063NAA5 AMERICOLD LLC TRUST 3.84730 01/14/2029 US 8,382.47 $8,389.55
03064D108 AMERICOLD REALTY TRUST US COLD 1,585 $57,535.50
03690AAD8 ANTERO MIDSTREAM PART / FI 5.75000 03/01/2027 US 50,000 $39,500.00
03690AAF3 ANTERO MIDSTREAM PART/FI 5.75000 01/15/2028 US 45,000 $35,550.00
03748R754 APARTMENT INVT & MGMT CO -A US AIV 989 $37,225.96
053015103 AUTOMATIC DATA PROCESSING US ADP 753 $112,114.17
053484101 AVALONBAY COMMUNITIES INC US AVB 465 $71,907.60
05401AAJ0 AVOLON HOLDINGS FNDG LTD 3.25000 02/15/2027 KY 420,000 $339,244.90
060505104 BANK OF AMERICA CORP US BAC 12,655 $300,556.25
06051GFM6 BANK OF AMERICA CORP 4.00000 01/22/2025 US 490,000 $541,133.97
084670702 BERKSHIRE HATHAWAY INC-CL B US BRK/B 2,260 $403,432.60
09061G101 BIOMARIN PHARMACEUTICAL INC US BMRN 2,340 $288,615.60
09857L108 BOOKING HOLDINGS INC US BKNG 120 $191,080.80
101121101 BOSTON PROPERTIES INC US BXP 162 $14,641.56
105368203 BRANDYWINE REALTY TRUST US BDN 2,580 $28,096.20
110122108 BRISTOL MYERS SQUIBB CO US BMY 4,529 $266,305.20
11680JAA0 BRUIN E&P PARTNERS LLC 8.87500 08/01/2023 US 130,000 $2,600.00
12503M108 CBOE GLOBAL MARKETS INC US CBOE 3,360 $313,420.80
12555DAA3 CIM 2019-INV1 A1 3.84515 02/25/2049 US 125,853.25 $129,460.96
12572Q105 CME GROUP INC US CME 1,170 $190,171.80
12646XAH5 CSMC 2013-IVR3 A1 2.50000 05/25/2043 US 351,443.38 $362,787.02
12653CAC2 CNX RESOURCES CORP 7.25000 03/14/2027 US 15,000 $13,800.00
12654TAA8 CNX MIDSTREAM PTR/CNX 6.50000 03/15/2026 US 15,000 $13,800.00
127097103 CABOT OIL & GAS CORP US COG 36,110 $620,369.80
131477AT8 CALUMET SPECIALTY PROD 11.00000 04/15/2025 US 20,000 $19,300.00
133131102 CAMDEN PROPERTY TRUST US CPT 700 $63,854.00
133131AZ5 CAMDEN PROPERTY TRUST 2.80000 05/15/2030 US 750,000 $811,363.83
136375102 CANADIAN NATIONAL RAILWAY CO CA CNI 1,314 $116,380.98
14180LAA4 CARGO AIRCRAFT MANAGEMENT 4.75000 02/01/2028 US 30,000 $29,737.50
143905AN7 CARRIAGE SERVICES INC 6.62500 06/01/2026 US 20,000 $21,025.00
149123101 CATERPILLAR INC US CAT 1,322 $167,233.00
14980AAA0 CAZENOVIA CREEK FUNDING LLC 3.56070 07/15/2030 US 159,027.18 $157,614.67
15135UAF6 CENOVUS ENERGY INC 6.75000 11/15/2039 CA 20,000 $19,473.26
16119P108 CHARTER COMMUNICATIONS INC-A US CHTR 740 $377,429.60
16411QAD3 CHENIERE ENERGY PARTNERS 5.62500 10/01/2026 US 45,000 $44,775.00
165183AL8 CFII 2017-2A A1 1.99000 05/15/2029 US 182,007.42 $182,807.52
166764100 CHEVRON CORP US CVX 875 $78,076.25
17275R102 CISCO SYSTEMS INC US CSCO 7,367 $343,596.88
172967424 CITIGROUP INC US C 3,798 $194,077.80
172967KA8 CITIGROUP INCA 4.45000 09/29/2027 US 860,000 $981,833.84
191216100 COCA COLA CO/THE US KO 11,620 $519,181.60
194162103 COLGATE-PALMOLIVE CO US CL 2,452 $179,633.52
20030N101 COMCAST CORP-CL A US CMCSA 5,724 $223,121.52
20030NCY5 COMCAST CORP 3.25000 11/01/2039 US 780,000 $865,248.24
20268CAA6 CBSLT 2019-AGS A1 MTGE 2.54000 01/25/2047 US 420,323.2 $436,491.73
20369C106 COMMUNITY HEALTHCARE TRUST I US CHCT 790 $32,311.00
20451NAG6 COMPASS MINERALS INTERNA 6.75000 12/01/2027 US 20,000 $21,000.00
20605P101 CONCHO RESOURCES INC US CXO 5,370 $276,555.00
20825C104 CONOCOPHILLIPS US COP 3,760 $157,995.20
217204106 COPART INC US CPRT 2,360 $196,517.20
21870Q105 CORESITE REALTY CORP US COR 145 $17,553.70
222795502 COUSINS PROPERTIES INC US CUZ 2,004 $59,779.32
22534GAA1 CAALT 2020-1A 2.01000 02/15/2029 US 440,000 $447,341.97
22822V101 CROWN CASTLE INTL CORP US CCI 400 $66,940.00
22822VAN1 CROWN CASTLE INTL CORP 3.10000 11/15/2029 US 820,000 $879,030.69
22822VAR2 CROWN CASTLE INTL CORP 3.30000 07/01/2030 US 260,000 $285,961.44
22944PAA5 CSMC 2013-TH1 A1 2.13000 02/25/2043 US 243,380.42 $249,401.72
247361ZZ4 DELTA AIR LINES INC 7.37500 01/15/2026 US 40,000 $38,695.93
25243Q205 DIAGEO PLC-SPONSORED ADR GB DEO 959 $128,880.01
253868103 DIGITAL REALTY TRUST INC US DLR 658 $93,508.38
254687FW1 WALT DISNEY COMPANY/THE 2.20000 01/13/2028 US 320,000 $334,089.59
25470DAT6 DISCOVERY COMMUNICATIONS 5.20000 09/20/2047 US 910,000 $1,058,712.08
256746108 DOLLAR TREE STORES INC US DLTR 2,210 $204,822.80
25746UDG1 DOMINION ENERGY 3.37500 04/01/2030 US 500,000 $551,915.24
25787GAC4 DONNELLEY FINANCIAL SOL 8.25000 10/15/2024 US 40,000 $39,403.60
25960P109 DOUGLAS EMMETT INC US DEI 1,100 $33,726.00
26151AAA7 DRAX FINCO PLC 6.62500 11/01/2025 GB 200,000 $205,000.00
26439XAC7 DCP MIDSTREAM OPERATING 8.12500 08/16/2030 US 15,000 $15,750.00
264411505 DUKE RLTY INVTS INC US DRE 1,370 $48,484.30
26875P101 EOG RESOURCES INC US EOG 3,900 $197,574.00
26884L109 EQT CORP US EQT 14,465 $172,133.50
26884LAG4 EQT CORP 7.00000 02/01/2030 US 25,000 $25,750.75
277276101 EASTGROUP PROPERTIES US EGP 162 $19,214.82
285512109 ELECTRONIC ARTS US EA 2,360 $311,638.00
291011104 EMERSON ELEC CO US EMR 1,952 $121,082.56
29273RAR0 ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 US 860,000 $931,583.27
29444U700 EQUINIX INC US EQIX 857 $601,871.10
29472R108 EQUITY LIFESTYLE PROPERTIES US ELS 1,090 $68,103.20
29476L107 EQUITY RESIDENTIAL US EQR 595 $34,997.90
297178105 ESSEX PROPERTY TRUST INC US ESS 96 $22,000.32
30212P303 EXPEDIA INC US EXPE 7,620 $626,364.00
30212PAS4 EXPEDIA GROUP INC 6.25000 05/01/2025 US 365,000 $388,824.71
302154BV0 EXPORT-IMPORT BANK KOREA 2.62500 12/30/2020 KR 1,550,000 $1,562,803.00
30225T102 EXTRA SPACE STORAGE INC US EXR 150 $13,855.50
30231G102 EXXON MOBIL CORP US XOM 3,370 $150,706.40
302491303 FMC CORP US FMC 1,950 $194,259.00
30262DAL5 FREMF 2011-K13 B 4.76773 01/25/2048 US 410,000 $415,514.62
30262SAR9 FREMF 2015-K42 B FLT 3.98235 12/25/2024 US 180,000 $191,917.66
30264DAA7 FS ENERGY & POWER FUND 7.50000 08/15/2023 US 20,000 $17,050.00
30287EAE0 FREMF 2014-K41 B FLT 3.96333 11/25/2047 US 700,000 $752,181.92
30291HAA5 FREMF 2013-K28 X2A 0.10000 06/25/2046 US 10,516,925.68 $21,356.72
30303M102 FACEBOOK INC -A US FB 1,690 $383,748.30
3128M1AM1 FHLM POOL G11912 5.50000 03/01/2021 US 1,442.59 $1,449.08
3128M6HZ4 FHLM POOL G04448 5.50000 07/01/2038 US 129,359.46 $148,360.50
3128M6SU3 FHLM POOL G04731 5.50000 04/01/2038 US 2,945.09 $3,380.00
3128M73P9 FHLM POOL G05906 6.00000 04/01/2040 US 9,689.96 $11,211.04
3128M82W3 FHLM POOL G06789 6.00000 05/01/2040 US 102,935.5 $120,206.74
3128M9ZU9 FHLM POOL G07655 5.50000 12/01/2035 US 34,061.93 $39,082.49
3128MB4Q7 FHLM POOL G13331 5.50000 10/01/2023 US 36,199.02 $37,676.75
3128MBDP9 FHLM POOL G12610 6.00000 03/01/2022 US 2,160.17 $2,207.50
3128MBUB1 FHLM POOL G13078 6.00000 03/01/2023 US 2,118.03 $2,190.32
3128MJ2U3 FHLM GOLD POOL FG G08786 4.50000 10/01/2047 US 409,080.95 $442,142.52
3128MJJT8 FHLM POOL G08273 5.50000 06/01/2038 US 72,212.27 $82,727.05
3128MJY87 FHLM POOL FG G08734 4.00000 11/01/2046 US 37,041.07 $39,884.07
3128P75F6 FHLM POOL C91746 4.50000 12/01/2033 US 35,530.76 $38,961.02
312941ZQ3 FHLM POOL Q93451 4.50000 08/01/2040 US 366,133.12 $407,112.39
3132QUNJ8 FHLM POOL Q37592 4.00000 12/01/2045 US 113,950.18 $123,825.97
3132XTPU6 FHLM GOLD POOL FG Q51334 4.00000 10/01/2047 US 368,742.17 $392,129.46
3133A6DB4 FEDERAL NATL MTG ASSN FR QB0098 2.50000 06/01/2050 US 1,018,199.4 $1,061,575.01
3136AY6W8 FNA 2017-M15 A1 FLT 3.05797 09/25/2027 US 465,865.67 $507,644.50
3136B1YD0 FNR 2018-31 KP 3.50000 07/25/2047 US 262,518.02 $272,323.15
31371MLB1 FEDERAL NATL MTG ASSN 256022 5.50000 12/01/2035 US 43,464.56 $49,951.96
31371MRU3 FEDERAL NATL MTG ASSN 256199 5.00000 04/01/2021 US 1,608.96 $1,690.60
31371NDQ5 FEDERAL NATL MTG ASSN 256711 5.50000 05/01/2037 US 5,168.99 $5,920.15
3137A2B34 FHMS K009 X1 FLT 1.35336 08/25/2020 US 324,596.92 $66.48
3137ADTK3 FHMS K014 X1 FLT 1.32363 04/25/2021 US 10,662,145.28 $65,018.83
3137AJMG6 FMHS K016 X1 FLT 1.63485 10/25/2021 US 2,244,889.16 $34,511.80
3137AUPF0 FHMS K021 x1 FLT 1.54788 06/25/2022 US 15,282,185.76 $336,587.08
3137B3NB0 FHMS K030 X1 FLT 0.28853 04/25/2023 US 29,101,603.82 $129,679.66
3137B4GZ3 FHMS K032 X1 FLT 0.20687 05/25/2023 US 17,104,479.85 $53,439.53
3137F4YU0 FHR 4791 BA MTGE 4.00000 03/15/2044 US 276,813.59 $282,714.15
3137FG2L8 FHR 4801 BA MTGE 4.50000 05/15/2044 US 179,559.42 $182,530.32
3138A7BL1 FEDERAL NATL MTG ASSN AH5442 4.50000 05/01/2041 US 179,898.99 $195,015.22
3138AJ4A7 FEDERAL NATL MTG ASSN AI5316 4.50000 07/01/2041 US 30,297.68 $32,559.08
3138EPLE2 FEDERAL NATL MTG ASSN AL6624 4.50000 09/01/2042 US 78,146.7 $86,975.50
3138ETT89 FEDERAL NATL MTG ASSN AL8674 FLT 5.64500 01/01/2049 US 517,599.4 $606,252.02
3138WDRZ6 FEDERAL NATL MTG ASSN AS4103 4.50000 12/01/2044 US 469,145.19 $516,212.16
31403DDX4 FEDERAL NATL MTG ASSN 745418 5.50000 04/01/2036 US 47,203.71 $54,234.63
31403DVZ9 FEDERAL NATL MTG ASSN 745932 6.50000 11/01/2036 US 7,986.86 $9,313.88
3140F4UB0 FEDERAL NATL MTG ASSN BC8677 4.00000 05/01/2046 US 417,571.2 $446,962.52
3140F9M51 FEDERAL NATL MTG ASSN BD2179 4.00000 07/01/2046 US 87,160.63 $93,971.85
31410FSE6 FEDERAL NATL MTG ASSN 888017 6.00000 11/01/2021 US 1,176.58 $1,198.67
31410FV51 FEDERAL NATL MTG ASSN 888136 6.00000 12/01/2021 US 1,474.07 $1,504.46
31410GCD3 FEDERAL NATL MTG ASSN 888468 5.50000 09/01/2021 US 7,317.33 $7,396.86
31410GN33 FEDERAL NATL MTG ASSN 888810 5.50000 11/01/2022 US 8,096.37 $8,189.31
31410KLD4 FEDERAL NATL MTG ASSN 889624 5.50000 05/01/2038 US 13,942.16 $15,970.18
31410WSY5 FEDERAL NATL MTG ASSN 899735 6.50000 09/01/2037 US 5,578.48 $6,205.47
31411JXP6 FEDERAL NATL MTG ASSN 909786 5.50000 03/01/2037 US 32,219.47 $36,886.27
31411RHZ4 FEDERAL NATL MTG ASSN 912948 5.00000 05/01/2038 US 4,288.89 $4,685.54
31413CCL1 FEDERAL NATL MTG ASSN 941175 6.00000 11/01/2037 US 1,742.1 $1,937.66
31413MR66 FEDERAL NATL MTG ASSN 949709 6.50000 09/01/2037 US 16,154.49 $18,265.86
31413S6R0 FEDERAL NATL MTG ASSN 954580 6.00000 02/01/2038 US 11,425.1 $13,288.29
31414CQ50 FEDERAL NATL MTG ASSN 962276 6.00000 03/01/2038 US 2,468.87 $2,854.16
31414DJ23 FEDERAL NATL MTG ASSN 962981 6.00000 05/01/2038 US 7,415.87 $8,440.43
31414QX28 FEDERAL NATL MTG ASSN 973297 4.50000 03/01/2023 US 4,062.48 $4,282.77
31414UF52 FEDERAL NATL MTG ASSN 976388 4.50000 04/01/2023 US 24,717.04 $26,024.63
31415ALX7 FEDERAL NATL MTG ASSN 981042 6.00000 04/01/2038 US 4,558.86 $5,064.09
31415BBC2 FEDERAL NATL MTG ASSN 981635 5.00000 06/01/2038 US 12,804.44 $14,648.46
31415BBT5 FEDERAL NATL MTG ASSN 981650 5.00000 06/01/2038 US 4,981.28 $5,446.90
31416BVW5 FEDERAL NATL MTG ASSN 995329 5.50000 12/01/2021 US 4,577.54 $4,627.06
31417YJC2 FEDERAL NATL MTG ASSN MA0258 4.50000 12/01/2039 US 13,076.47 $14,535.19
31418BBC9 FEDERAL NATL MTG ASSN MA1834 4.50000 02/01/2034 US 164,574.13 $180,406.70
31418BDH6 FEDERAL NATL MTG ASSN MA1903 4.50000 05/01/2034 US 177,111.98 $194,152.44
31418CRE6 FEDERAL NATL MTG ASSN FN MA3184 4.50000 11/01/2047 US 352,979.06 $381,177.18
31418CYJ7 FEDERAL NATL MTG ASSN FN MA3412 3.50000 07/01/2038 US 222,249.51 $234,727.50
31418DNN8 FEDERAL NATL MTG ASSN FN MA3996 2.50000 04/01/2050 US 307,562.02 $317,050.81
31418DQ21 FEDERAL NATL MTG ASSN FN MA4072 2.50000 07/01/2040 US 525,000 $547,667.90
31418DQG0 FEDERAL NATL MTG ASSN FN MA4054 2.50000 06/01/2040 US 1,350,514.23 $1,408,823.10
31418DQZ8 FEDERAL NATL MTG ASSN FN MA4071 2.00000 07/01/2040 US 780,000 $800,960.75
31418MG63 FEDERAL NATL MTG ASSN AD0220 6.00000 10/01/2038 US 22,007.86 $25,676.23
31418MJC7 FEDERAL NATL MTG ASSN AD0258 5.50000 03/01/2039 US 75,132.46 $86,039.79
31418MKV3 FEDERAL NATL MTG ASSN AD0307 5.50000 01/01/2039 US 13,999.85 $16,079.09
315786AC7 FIDELITY & GUARA NTY LIFE 5.50000 05/01/2025 US 55,000 $59,400.00
316067107 FIDELITY CASH RESERVES US 8,543.9 $8,543.90
32054K103 FIRST INDUSTRIAL REALTY TR US FR 935 $35,941.40
33834YAA6 FIVE POINT OP CO LP/FIVE 7.87500 11/15/2025 US 40,000 $37,800.00
34461LAA2 FONTAINEBLEAU MIAMI BEACH TRUST 3.14400 12/10/2036 US 470,000 $471,982.98
345370CX6 FORD MOTOR COMPANY 9.62500 04/22/2030 US 50,000 $59,215.00
345397XU2 FORD MOTOR CREDIT CO LLC 4.38900 01/08/2026 US 20,000 $19,043.60
346232AE1 FORESTAR GROUP INC 5.00000 03/01/2028 US 40,000 $39,200.00
34960PAB7 FORTRESS TRANS & INFRAST 6.50000 10/01/2025 US 50,000 $45,010.50
35166FAA0 FOXTROT ESCROW ISSUER 12.25000 11/15/2026 US 25,000 $24,281.25
357081AE8 FREMF 2015-K720 B FLT 3.50973 07/25/2022 US 100,000 $103,214.71
36166LAA5 GEMS MENASA KY LTD/GEMS 7.12500 07/31/2026 AE 25,000 $23,750.00
36248EAA3 GSMS 2010-C2 3.84900 12/10/2043 US 3,736.35 $3,736.44
36257MAA3 GSMS 2019-70P A 1.18475 10/15/2036 US 340,000 $330,212.93
36294VKJ8 GNMA POOL 660997 5.50000 05/15/2037 US 29,630.13 $32,837.88
369550108 GENERAL DYNAMICS CORP US GD 705 $105,369.30
369604BQ5 GENERAL ELECTRIC CO 5.00000 01/21/2021 US 780,000 $609,242.40
370334104 GENERAL MLS INC US GIS 2,195 $135,321.75
37185LAL6 GENESIS ENERGY LP/FIN 7.75000 02/01/2028 US 20,000 $17,800.00
374297109 GETTY REALTY CORP US GTY 865 $25,673.20
375558103 GILEAD SCIENCES INC US GILD 3,220 $247,746.80
38379RRX3 GNR 2017-54 AH MTGE 2.60000 12/16/2056 US 396,004.5 $413,675.41
388689101 GRAPHIC PACKAGING HOLDING CO US GPK 27,560 $385,564.40
4031976 ADIDAS AG DE ADS GR 820 $216,193.44
404119BX6 HCA INC 4.12500 06/15/2029 US 590,000 $650,821.66
404139AD9 HC2 HOLDINGS INC 11.50000 12/01/2021 US 9,000 $8,572.50
418751AB9 HAT HOLDINGS I LLC 6.00000 04/15/2025 US 45,000 $47,137.50
421946104 HEALTHCARE REALTY TRUST INC US HR 580 $16,988.20
42225P501 HEALTHCARE TRUST OF AMERICA US HTA 535 $14,188.20
42250P103 HEALTHPEAK PROPERTIES INC US PEAK 1,905 $52,501.80
427866108 HERSHEY CO/THE US HSY 653 $84,641.86
431571AB4 HILLENBRAND INC 4.50000 09/15/2026 US 40,000 $40,162.40
43300A203 HILTON WORLDWIDE HOLDINGS INC US HLT 360 $26,442.00
437076102 HOME DEPOT INC US HD 1,652 $413,842.52
438128308 HONDA MOTOR CO LTD -SPONS ADR JP HMC 5,023 $128,387.88
438516106 HONEYWELL INTERNATIONAL INC US HON 1,500 $216,885.00
44107P104 HOST MARRIOTT CORP US HST 1,183 $12,764.57
443201AA6 HOWMET AEROSPACE INC 6.87500 05/01/2025 US 40,000 $43,394.44
444454AD4 HUGHES SATELLITE SYSTEMS 5.25000 08/01/2026 US 25,000 $25,855.00
450913AE8 IAMGOLD CORP 7.00000 04/15/2025 CA 45,000 $45,234.45
452308109 ILLINOIS TOOL WKS INC US ITW 853 $149,147.05
45337C102 INCYTE CORP US INCY 1,390 $144,518.30
45569LAA9 INDIGO NATURAL RES LLC 6.87500 02/15/2026 US 30,000 $27,900.00
45682RAA8 INFRABUILD AUSTRALIA PTY 12.00000 10/01/2024 AU 20,000 $18,050.00
45778Q107 INSPERITY INC US NSP 1,700 $110,041.00
458140100 INTEL CORP US INTC 6,010 $359,578.30
45866F104 INTERCONTINENTALEXCHANGE INC US ICE 2,140 $196,024.00
459200101 INTERNATIONAL BUSINESS MACH CORP US IBM 1,864 $225,115.28
46116VAE5 INTL FC STORE INC 8.62500 06/15/2025 US 50,000 $52,219.00
46187BAA1 IHSFR 2017-SFR2 A 1.04388 12/17/2036 US 145,943.48 $144,143.81
46187BAB9 IHSFR 2017-SFR2 B 1.34388 12/17/2036 US 120,000 $119,474.60
46187W107 INVITATION HOMES INC US INVH 3,206 $88,261.18
46284VAL5 IRON MOUNTAIN INC 5.62500 07/15/2032 US 25,000 $24,947.50
465410BX5 ITALY GOV'T INT BOND 2.37500 10/17/2024 IT 200,000 $202,492.07
46625H100 JP MORGAN CHASE & CO US JPM 3,454 $324,883.24
46635GAE0 JP MORGAN CHASE COMMERCIAL MORTG 4.06980 11/15/2043 US 22,250.86 $22,227.88
46639GAL0 JPMMT 2013-1 1A2 3.00000 03/25/2043 US 178,082.41 $182,839.44
46640BAC8 JPMMT 2013-2 A2 3.50000 05/25/2043 US 205,552.73 $215,032.31
46641YAA1 JPMMT 2014-2 1A1 3.00000 06/25/2029 US 238,871.03 $245,119.49
46647PBP0 JPMORGAN CHASE & CO 2.95600 05/13/2031 US 870,000 $922,707.65
46647SAJ9 JPMMT 2017-3 1A5 3.50000 08/25/2047 US 193,638.96 $195,933.48
46649HAE2 JPMMT 2017-6 A5 3.50000 12/25/2048 US 169,924.04 $172,513.78
476405105 JERNIGAN CAPITAL INC US JCAP 1,700 $23,256.00
478160104 JOHNSON & JOHNSON US JNJ 6,646 $934,626.98
47987LAA9 JONAH NRG LLC/FINANCE 7.25000 10/15/2025 US 25,000 $3,062.50
487526AB1 KEHE DISTRIBUTORS LLC/FI 8.62500 10/15/2026 US 30,000 $31,950.00
49271VAJ9 KEURIG DR PEPPER INC 3.20000 05/01/2030 US 760,000 $845,483.26
49427F108 KILROY REALTY CORP US KRC 862 $50,599.40
494368103 KIMBERLY CLARK CORP US KMB 893 $126,225.55
494550AW6 KINDER MORGAN ENER PART 6.95000 01/15/2038 US 630,000 $844,301.50
50187TAE6 LGI HOMES INC 6.87500 07/15/2026 US 35,000 $35,612.50
505742AG1 LADDER CAP FIN LLLP/CORP 5.25000 10/01/2025 US 35,000 $30,177.00
512816109 LAMAR ADVERTISING CO-A US LAMR 245 $16,356.20
516806AG1 LAREDO PETROLEUM INC 10.12500 01/15/2028 US 20,000 $13,800.00
53223X107 LIFE STORAGE INC US LSI 135 $12,818.25
532457108 ELI LILLY & CO US LLY 1,267 $208,016.06
539473AE8 LLOYDS BANK PLC 12.00000 12/16/2024 GB 100,000 $115,380.00
539830109 LOCKHEED MARTIN CORP US LMT 645 $235,373.40
54238XAC2 LONESTAR RESOURCES AMERICA 11.25000 01/01/2023 US 45,000 $4,275.00
550021109 LULULEMON - ADR CA LULU 680 $212,166.80
552697AQ7 MDC PARTNERS INC 6.50000 05/01/2024 CA 30,000 $27,900.00
573284106 MARTIN MARIETTA MATERIALS US MLM 490 $101,219.30
57636Q104 MASTERCARD INC-CLASS A US MA 2,780 $822,046.00
58933Y105 MERCK & CO INC US MRK 4,263 $329,657.79
59001KAG5 MERITOR INC 6.25000 06/01/2025 US 20,000 $20,200.00
594918104 MICROSOFT CORP US MSFT 2,040 $415,160.40
595112103 MICRON TECHNOLOGY INC US MU 10,490 $540,444.80
59522J103 MID-AMERICA APARTMENT COMM US MAA 420 $48,161.40
609207105 MONDELEZ INTERNATIONAL INC US MDLZ 10,815 $552,970.95
615369105 MOODY'S CORPORATION US MCO 600 $164,838.00
61965RAA3 MOSS CREEK RESOURCES HLD 7.50000 01/15/2026 US 25,000 $12,500.00
62426EAA3 MOUNTAIN PROVINCE DIAMON 8.00000 12/15/2022 CA 10,000 $5,550.00
62913TAJ1 NGL ENRGY PART LP/FIN CO 7.50000 11/01/2023 US 20,000 $16,600.00
63938CAH1 NAVIENT CORP 6.75000 06/25/2025 US 35,000 $33,381.25
63938NAF1 NAVIOS SA LOGIST/FIN US 10.75000 07/01/2025 MH 15,000 $15,487.50
63940YAA4 NAVSL 2019-CA A1 2.82000 02/15/2068 US 177,813.16 $178,959.73
63941RAB6 NAVSL 2019-2A A2 1.18450 02/27/2068 US 1,000,000 $1,005,694.80
64033QAB5 NSLT 2015-2A A2 0.78450 09/25/2047 US 729,364.18 $700,788.86
64829DAG1 NRZT 2014-3A AFX3 3.75000 11/25/2054 US 241,873.34 $258,158.07
64829EAA2 NRZT 2015-2A A1 3.75000 08/25/2055 US 298,946.78 $320,573.31
64829LAA6 NRZT 2016-4A A1 3.75000 11/25/2056 US 393,161 $417,858.16
654106AJ2 NIKE INC 2.75000 03/27/2027 US 200,000 $220,312.55
6642321 NIKON CORP JP 7731 JP 22,900 $192,321.63
66727WAA0 NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 CA 135,000 $1,383.75
66987V109 NOVARTIS AG- REG CH NVS 7,030 $614,000.20
67401PAB4 OAKTREE SPECIALTY LEND 3.50000 02/25/2025 US 20,000 $19,539.54
674599EA9 OCCIDENTAL PETROLEUM COR 8.87500 07/15/2030 US 15,000 $14,981.25
675232AB8 OCEANEERING INTL INC 6.00000 02/01/2028 US 45,000 $31,500.00
68389X105 ORACLE CORP US ORCL 3,898 $215,442.46
69318FAH1 PBF HOLDING CO LLC 6.00000 02/15/2028 US 20,000 $16,600.00
69327RAJ0 PDC ENERGY INC 5.75000 05/15/2026 US 20,000 $18,200.00
693475105 PNC FINANCIAL SERVICES GROUP US PNC 808 $85,009.68
70450Y103 PAYPAL HOLDINGS INC US PYPL 2,440 $425,121.20
7123870 NESTLE SA-REGISTERED CH NESN SW 3,780 $419,090.96
713448108 PEPSICO INC US PEP 1,570 $207,648.20
717081103 PFIZER INC US PFE 9,574 $313,069.80
717081EW9 PFIZER INC 2.62500 04/01/2030 US 220,000 $242,356.35
719245AD4 PHOTO HOLDINGS MERGER SU 8.50000 10/01/2026 US 35,000 $33,031.25
71943U104 PHYSICIANS REALTY TRUST US DOC 1,065 $18,658.80
71953LAA9 PICASSO FINANCE SUB INC 6.12500 06/15/2025 US 35,000 $35,787.50
723787107 PIONEER NATURAL RESOURCES CO US PXD 3,065 $299,450.50
73179PAM8 POLYONE CORP 5.75000 05/15/2025 US 25,000 $25,718.75
733174AK2 POPULAR INC 6.12500 09/14/2023 PR 20,000 $20,200.00
741503AZ9 BOOKING HOLDINGS INC 3.60000 06/01/2026 US 1,170,000 $1,283,980.56
74166MAE6 PRIME SECSRVC BRW/FINANC 6.25000 01/15/2028 US 40,000 $37,700.00
74333KAA6 PROG 2017-SFR2 A 2.89700 12/17/2034 US 299,442.64 $300,718.42
74340W103 PROLOGIS US PLD 2,132 $198,979.56
74460D109 PUBLIC STORAGE INC US PSA 335 $64,283.15
747525103 QUALCOMM INC US QCOM 1,836 $167,461.56
750236AW1 RADIAN GROUP INC 4.87500 03/15/2027 US 65,000 $61,100.00
75513E101 RAYTHEON TECHNOLOGIES CORP US RTX 3,130 $192,870.60
756109104 REALTY INCOME CORP US O 305 $18,147.50
758849103 REGENCY CENTERS CORP US REG 395 $18,126.55
76169C100 REXFORD INDUSTRIAL REALITY IN US REXR 1,150 $47,644.50
780259107 ROYAL DUTCH SHELL PLC-ADR B NL RDS/B 2,470 $75,211.50
783513203 RYANAIR HOLDINGS - ADR IE RYAAY 4,210 $279,291.40
78409V104 S&P GLOBAL INC US SPGI 420 $138,381.60
78410G104 SBA COMMUNICATIONS CORP US SBAC 960 $286,003.20
78442PGC4 SLM CORP 5.12500 04/05/2022 US 45,000 $44,550.00
78443BAG1 SLMA 2006-10 A6 FLT 1.14138 03/25/2044 US 130,000 $121,270.97
78471CAB5 SOFI 2017-D A2FX 2.65000 09/25/2040 US 631,458.78 $647,318.81
785592AV8 SABINE PASS LIQUEFACTION 5.87500 06/30/2026 US 910,000 $1,069,250.00
79466L302 SALESFORCE.COM US CRM 1,650 $309,094.50
806857108 SCHLUMBERGER LTD NL SLB 5,090 $93,605.10
808625AA5 SCIENCE APPLICATIONS INT 4.87500 04/01/2028 US 25,000 $24,851.50
81745BAB1 SEMT 2013-6 A2 3.00000 05/25/2043 US 340,332.62 $355,922.95
81745CAB9 SEMT 2013-7 A2 3.00000 06/25/2043 US 223,109.8 $231,420.82
81745EAA7 SEMT 2013-8 A1 3.00000 06/25/2043 US 301,732.68 $314,943.56
81745MAA9 SEMT 2013-2 1.87400 02/25/2043 US 228,185.8 $229,860.82
81762P102 SERVICENOW INC US NOW 530 $214,681.80
83402DAC5 SOFI 2016-C A2B 2.36000 12/27/2032 US 176,804.38 $178,455.38
83404LAC5 SOFI 2016-D A2B 2.34000 04/25/2033 US 64,841.15 $65,762.69
83404RAB4 SOFI 2018-B A2FX MTGE 3.34000 08/25/2047 US 250,000 $258,483.05
83406CAA7 SCLP 2019-2 A MTGE 3.01000 04/25/2028 US 188,329.82 $190,800.93
844741BJ6 SOUTHWEST AIRLINES CO 5.25000 05/04/2025 US 700,000 $738,954.24
85172FAN9 SPRINGLEAF FINANCE CORP 7.12500 03/15/2026 US 45,000 $46,574.55
85207UAH8 SPRINT CORP 7.12500 06/15/2024 US 30,000 $33,874.20
85254J102 STAG INDUSTRIAL INC US STAG 805 $23,602.60
85571BAL9 STARWOOD PROPERTY TRUST 4.75000 03/15/2025 US 40,000 $36,400.00
85571BAP0 STARWOOD PROPERTY TRUST 3.62500 02/01/2021 US 20,000 $19,650.00
85571XAA5 SRPT 2014-STAR A FLTG RATE 1.65475 11/15/2027 US 886,341.61 $677,101.35
862121100 STORE CAPITAL CORP US STOR 690 $16,428.90
86212XAA8 STR 2019-1 A1 MTGE 2.82000 11/20/2049 US 296,398.01 $296,773.61
866674104 SUN COMMUNITIES US SUI 640 $86,835.20
867892101 SUNSTONE HOTEL INVESTORS INC US SHO 1,155 $9,413.25
87105L104 SWITCH INC - A US SWCH 1,200 $21,384.00
872540AR0 TJX COS INC 3.50000 04/15/2025 US 500,000 $556,575.79
87422VAJ7 TALEN ENERGY SUPPLY LLC 7.62500 06/01/2028 US 35,000 $35,000.00
87677QAA9 TXEZ 2016-1A 3.13100 06/15/2028 US 102,274.46 $102,532.33
87854WAA1 TECHNIPLAS LLC 10.00000 05/01/2020 US 15,000 $3,337.50
88032WAN6 TENCENT HOLDINGS 3.97500 04/11/2029 KY 780,000 $874,267.10
88146M101 TERRENO REALTY CORP US TRNO 355 $18,687.20
882508104 TEXAS INSTRUMENTS INC US TXN 1,987 $252,289.39
883556102 THERMO FISHER SCIENTIFIC INC US TMO 580 $210,157.20
88579Y101 3M CO US MMM 1,289 $201,071.11
89151E109 TOTAL S A SPONSORED ADR FR TOT 8,671 $333,486.66
89173CAA5 TPMT 2016-5 A1 2.50000 10/25/2056 US 570,627.17 $580,383.98
89173FAA8 TPMT 2017-1 A1 2.75000 10/25/2056 US 261,376.56 $267,443.16
89177EAA7 TPMT 2019-HY1 A1 1.18450 10/25/2048 US 235,531.42 $234,425.34
892231AA9 TOWNSQUARE MEDIA INC 6.50000 04/01/2023 US 35,000 $30,100.00
89613BAA5 TAH 2016-SFR1 A 2.58900 11/17/2033 US 772,983.08 $776,324.14
89613FAA6 TAH 2017-SFR2 A 2.92800 01/17/2036 US 497,781.2 $517,358.34
89832Q109 TRUIST FINANCIAL CORP US TFC 3,540 $132,927.00
901109AF5 TUTOR PERINI CORP 6.87500 05/01/2025 US 65,000 $61,912.50
902653104 UDR INC US UDR 608 $22,727.04
902973304 U.S. BANCORP US USB 3,694 $136,013.08
904767704 UNILEVER PLC - ADR GB UL 16,106 $883,897.28
907818108 UNION PAC CORP US UNP 1,429 $241,601.03
912796SZ3 TREASURY BILL 0.00000 07/16/2020 US 800,000 $799,957.50
912810FS2 TSY INFL IX N/B 2.00000 01/15/2026 US 2,693,361.3 $3,130,008.85
9128286N5 TSY INFL IX N/B 0.50000 04/15/2024 US 1,947,767.28 $2,047,055.03
912828R36 US TREASURY N/B 1.62500 05/15/2026 US 1,900,000 $2,036,191.41
912828WJ5 US TREASURY N/B 2.50000 05/15/2024 US 1,890,000 $2,056,334.76
912828XB1 UNITED STATES TREAS NTS 2.12500 05/15/2025 US 1,880,000 $2,047,143.75
912828YN4 US TREASURY FRN FLT 0.45006 10/31/2021 US 2,088,000 $2,094,624.64
912828ZJ2 TSY INFL IX N/B 0.12500 04/15/2025 US 2,014,978 $2,110,908.97
91704F104 URBAN EDGE PROPERTIES US UE 1,425 $16,914.75
91823AAN1 VBTOW 2020-1A C2 3.03100 06/15/2050 US 150,000 $152,256.56
92343VDU5 VERIZON COMMUNICATIONS 5.25000 03/16/2037 US 990,000 $1,325,373.81
92826C839 VISA INC - CLASS A SHARES US V 4,050 $782,338.50
92826CAK8 VISA INC 2.70000 04/15/2040 US 830,000 $888,126.84
92840JAA7 VISTAJET MALTA/XO MGMT 10.50000 06/01/2024 MUL 25,000 $22,500.00
92840VAG7 VISTRA OPERATIONS CO LLC 3.70000 01/30/2027 US 25,000 $25,745.73
928668BE1 VOLKSWAGEN GROUP AMERICA 3.35000 05/13/2025 US 500,000 $533,617.92
929160109 VULCAN MATERIALS CO US VMC 1,660 $192,311.00
93065PAA9 WBHT 2019-WBM A FLT 1.23475 12/15/2033 US 390,000 $364,600.78
931142103 WAL MART STORES US WMT 2,872 $344,008.16
94106L109 WASTE MANAGEMENT INC US WM 1,180 $124,973.80
949746101 WELLS FARGO COMPANY US WFC 7,840 $200,704.00
95040Q104 WELLTOWER INC. US WELL 923 $47,765.25
95081QAP9 WESCO DISTRIBUTION INC 7.25000 06/15/2028 US 25,000 $26,437.50
962178AN9 TRI POINTE GROUP / HOMES 5.87500 06/15/2024 US 40,000 $41,080.40
966387AH5 WHITING PETROLEUM CORP 5.75000 03/15/2021 US 130,000 $25,025.00
96949LAD7 WILLIAMS PARTNERS LP 3.75000 06/15/2027 US 700,000 $749,429.65
97651JAE6 WINWATER MORTGAGE LOAN TRUST 3.50000 03/20/2045 US 55,625.04 $55,718.62
97652TAA1 WIN 2015-1 A1 3.50000 01/20/2045 US 273,236.59 $281,332.56
98212BAM5 WPX ENERGY 5.87500 06/15/2028 US 10,000 $9,609.50
98311A105 WYNDHAM HOTELS & RESORTS INC US WH 915 $38,997.30
B3ZD2V9 MEX BONOS DESARR FIX RT 6.50000 06/10/2021 MX 400,000 $17,681.83
B4888C1 CANADIAN GOVERNMENT FLT 2.75000 06/01/2022 CA 140,000 $108,011.20
B4NDCC9 MEX BONOS DESARR FIX RT 6.50000 06/09/2022 MX 1,100,000 $49,476.91
B63QM77 NEXON CO LTD JP 3659 JP 28,500 $642,858.24
B6TC406 MEX BONOS DESARR FIX RT 7.75000 05/29/2031 MX 350,000 $17,208.01
BBG00V0BGWX2 EOG US 07/02/20 P46 US -34 -$170.00
BBG00V0C53Z4 EXPE US 07/02/20 P76.5 US -20 -$800.00
BGHQ198 HIBERNIA REIT PLC IE HBRN ID 14,315 $18,072.70
BJVB695 BUONI POLIENNALI DEL TES 2.45000 09/01/2050 IT 180,000 $212,329.14
BMMV2K8 TENCENT HOLDINGS LTD CN 700 HK 7,480 $479,302.79
BYYHL23 ANHEUSER-BUSCH INBEV SA/NV BE ABI BB 4,010 $197,677.79
G1151C101 ACCENTURE PLC - CL A IE ACN 917 $196,898.24
G29183103 EATON CORP PLC US ETN 1,255 $109,787.40
G5494J103 LINDE PLC GB LIN 817 $173,293.87
G5960L103 MEDTRONIC INC IE MDT 4,771 $437,500.70
H01301128 ALCON INC CH ALC 3,530 $202,339.60
H1467J104 CHUBB LTD CH CB 1,004 $127,126.48
USD US DOLLAR US 1,328,883.41 $1,328,883.41

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 45 years of experience managing investment objectives. The Firm’s active management approach focuses on participating in rising markets and, as important, helping to reduce the risk of large losses in sustained bear market periods. A team of investment analysts and professionals make all investment decisions in an effort to provide investors with strong risk-adjusted returns.

Daily Price

$13.79

Daily $ Change

$0.06

Daily % Change

0.44%

as of 07/15/2020

CUSIP

302027123

Inception Date

10/15/2013

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.

Manning and Napier Risk-Based Funds Graphic

Learn more about our Pro-Mix® Series

Performance

As of 06/30/2020

YTD

2.73%

1 Year

7.02%

3 Year

5.86%

5 Year

4.83%

10 Year

5.53%

Inception
(01/01/2000)

5.96%

US Stock Market Cycle (04/01/2000 - 06/30/2020)

5.91%

Performance through the inception date of the Pro-Mix® CIT Class U units is based on the historical performance of the CIT's oldest unit class. Returns are net of Pro-Mix CIT® Class U 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 0.51%
Net 0.49%*

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

Top Ten Investments

As of 06/30/2020

GOVERNMENT AGENCY 8.98%
TREASURY NOTES 7.80%
TSY INFL IX N/B 2.00000 01/15/2026 2.96%
TSY INFL IX N/B 0.12500 04/15/2025 2.00%
TSY INFL IX N/B 0.50000 04/15/2024 1.94%
EXPORT-IMPORT BANK KOREA 2.62500 12/30/2020 1.48%
VERIZON COMMUNICATIONS 5.25000 03/16/2037 1.25%
BOOKING HOLDINGS INC 3.60000 06/01/2026 1.22%
ALIBABA GROUP HOLDING 3.40000 12/06/2027 1.18%
AMERICAN TOWER CORP 3.80000 08/15/2029 1.11%

This investment list is unaudited and excludes cash.

Asset Allocation

As of 06/30/2020

Bonds
68.39%
Stocks
30.36%
Cash
1.25%

Detailed Asset Class Allocation

As of 06/30/2020

International Equities
6.31%
Small Capitalization
0.39%
Mid Capitalization
1.94%
Large Capitalization
21.71%
Long Term Fixed Income
20.37%
Intermediate Term Fixed Income
42.26%
Short Term Fixed Income
5.77%
Cash
1.25%

Due to rounding, the sum of the detailed asset class allocation categories may not equal the asset allocation totals provided above.

June Fund Holdings

As of 06/30/2020

CUSIP Security Description Country Ticker Shares/Par Market Value (USD)
00206RDQ2 AT&T INC 4.25000 03/01/2027 US 310,000 $353,133.94
00287Y109 ABBVIE INC US ABBV 2,945 $289,140.10
00507V109 ACTIVISION INC US ATVI 5,380 $408,342.00
00774MAG0 AERCAP IRELAND CAP / GLOBA 4.45000 10/01/2025 IE 970,000 $931,969.69
00791GAA5 AG MERGER SUB II INC 10.75000 08/01/2027 US 15,000 $14,700.00
008492100 AGREE REALTY CORP US ADC 500 $32,855.00
00912XAV6 AIR LEASE CORP 3.62500 04/01/2027 US 400,000 $392,319.64
00914AAB8 AIR LEASE CORP 3.75000 06/01/2026 US 300,000 $302,742.52
01166WAA5 ALASKA AIR 2020-1 CL B 8.00000 08/15/2025 US 25,000 $25,312.50
013822AC5 ALCOA NEDERLAND HOLDING 6.12500 05/15/2028 NL 35,000 $35,853.30
015271109 ALEXANDRIA REAL EST EQUITIES US ARE 180 $29,205.00
01609W102 ALIBABA GROUP - ADR CN BABA 1,805 $389,338.50
01609WAT9 ALIBABA GROUP HOLDING 3.40000 12/06/2027 KY 1,120,000 $1,244,272.05
02079K305 ALPHABET INC-CL A US GOOGL 290 $411,234.50
023135106 AMAZON.COM INC US AMZN 230 $634,528.60
0237400 DIAGEO PLC GB DGE LN 5,860 $194,770.25
02406PBA7 AMERICAN AXLE & MFG INC 6.87500 07/01/2028 US 25,000 $24,750.00
024835100 AMERICAN CAMPUS COMMUNITIES US ACC 1,412 $49,363.52
02665T306 AMERICAN HOMES 4 RENT- A US AMH 2,190 $58,911.00
03027X100 AMERICAN TOWER REIT INC US AMT 970 $250,783.80
03027XAW0 AMERICAN TOWER CORP 3.80000 08/15/2029 US 1,040,000 $1,177,045.96
03063NAA5 AMERICOLD LLC TRUST 3.84730 01/14/2029 US 8,382.47 $8,389.55
03064D108 AMERICOLD REALTY TRUST US COLD 1,585 $57,535.50
03690AAD8 ANTERO MIDSTREAM PART / FI 5.75000 03/01/2027 US 50,000 $39,500.00
03690AAF3 ANTERO MIDSTREAM PART/FI 5.75000 01/15/2028 US 45,000 $35,550.00
03748R754 APARTMENT INVT & MGMT CO -A US AIV 989 $37,225.96
053015103 AUTOMATIC DATA PROCESSING US ADP 753 $112,114.17
053484101 AVALONBAY COMMUNITIES INC US AVB 465 $71,907.60
05401AAJ0 AVOLON HOLDINGS FNDG LTD 3.25000 02/15/2027 KY 420,000 $339,244.90
060505104 BANK OF AMERICA CORP US BAC 12,655 $300,556.25
06051GFM6 BANK OF AMERICA CORP 4.00000 01/22/2025 US 490,000 $541,133.97
084670702 BERKSHIRE HATHAWAY INC-CL B US BRK/B 2,260 $403,432.60
09061G101 BIOMARIN PHARMACEUTICAL INC US BMRN 2,340 $288,615.60
09857L108 BOOKING HOLDINGS INC US BKNG 120 $191,080.80
101121101 BOSTON PROPERTIES INC US BXP 162 $14,641.56
105368203 BRANDYWINE REALTY TRUST US BDN 2,580 $28,096.20
110122108 BRISTOL MYERS SQUIBB CO US BMY 4,529 $266,305.20
11680JAA0 BRUIN E&P PARTNERS LLC 8.87500 08/01/2023 US 130,000 $2,600.00
12503M108 CBOE GLOBAL MARKETS INC US CBOE 3,360 $313,420.80
12555DAA3 CIM 2019-INV1 A1 3.84515 02/25/2049 US 125,853.25 $129,460.96
12572Q105 CME GROUP INC US CME 1,170 $190,171.80
12646XAH5 CSMC 2013-IVR3 A1 2.50000 05/25/2043 US 351,443.38 $362,787.02
12653CAC2 CNX RESOURCES CORP 7.25000 03/14/2027 US 15,000 $13,800.00
12654TAA8 CNX MIDSTREAM PTR/CNX 6.50000 03/15/2026 US 15,000 $13,800.00
127097103 CABOT OIL & GAS CORP US COG 36,110 $620,369.80
131477AT8 CALUMET SPECIALTY PROD 11.00000 04/15/2025 US 20,000 $19,300.00
133131102 CAMDEN PROPERTY TRUST US CPT 700 $63,854.00
133131AZ5 CAMDEN PROPERTY TRUST 2.80000 05/15/2030 US 750,000 $811,363.83
136375102 CANADIAN NATIONAL RAILWAY CO CA CNI 1,314 $116,380.98
14180LAA4 CARGO AIRCRAFT MANAGEMENT 4.75000 02/01/2028 US 30,000 $29,737.50
143905AN7 CARRIAGE SERVICES INC 6.62500 06/01/2026 US 20,000 $21,025.00
149123101 CATERPILLAR INC US CAT 1,322 $167,233.00
14980AAA0 CAZENOVIA CREEK FUNDING LLC 3.56070 07/15/2030 US 159,027.18 $157,614.67
15135UAF6 CENOVUS ENERGY INC 6.75000 11/15/2039 CA 20,000 $19,473.26
16119P108 CHARTER COMMUNICATIONS INC-A US CHTR 740 $377,429.60
16411QAD3 CHENIERE ENERGY PARTNERS 5.62500 10/01/2026 US 45,000 $44,775.00
165183AL8 CFII 2017-2A A1 1.99000 05/15/2029 US 182,007.42 $182,807.52
166764100 CHEVRON CORP US CVX 875 $78,076.25
17275R102 CISCO SYSTEMS INC US CSCO 7,367 $343,596.88
172967424 CITIGROUP INC US C 3,798 $194,077.80
172967KA8 CITIGROUP INCA 4.45000 09/29/2027 US 860,000 $981,833.84
191216100 COCA COLA CO/THE US KO 11,620 $519,181.60
194162103 COLGATE-PALMOLIVE CO US CL 2,452 $179,633.52
20030N101 COMCAST CORP-CL A US CMCSA 5,724 $223,121.52
20030NCY5 COMCAST CORP 3.25000 11/01/2039 US 780,000 $865,248.24
20268CAA6 CBSLT 2019-AGS A1 MTGE 2.54000 01/25/2047 US 420,323.2 $436,491.73
20369C106 COMMUNITY HEALTHCARE TRUST I US CHCT 790 $32,311.00
20451NAG6 COMPASS MINERALS INTERNA 6.75000 12/01/2027 US 20,000 $21,000.00
20605P101 CONCHO RESOURCES INC US CXO 5,370 $276,555.00
20825C104 CONOCOPHILLIPS US COP 3,760 $157,995.20
217204106 COPART INC US CPRT 2,360 $196,517.20
21870Q105 CORESITE REALTY CORP US COR 145 $17,553.70
222795502 COUSINS PROPERTIES INC US CUZ 2,004 $59,779.32
22534GAA1 CAALT 2020-1A 2.01000 02/15/2029 US 440,000 $447,341.97
22822V101 CROWN CASTLE INTL CORP US CCI 400 $66,940.00
22822VAN1 CROWN CASTLE INTL CORP 3.10000 11/15/2029 US 820,000 $879,030.69
22822VAR2 CROWN CASTLE INTL CORP 3.30000 07/01/2030 US 260,000 $285,961.44
22944PAA5 CSMC 2013-TH1 A1 2.13000 02/25/2043 US 243,380.42 $249,401.72
247361ZZ4 DELTA AIR LINES INC 7.37500 01/15/2026 US 40,000 $38,695.93
25243Q205 DIAGEO PLC-SPONSORED ADR GB DEO 959 $128,880.01
253868103 DIGITAL REALTY TRUST INC US DLR 658 $93,508.38
254687FW1 WALT DISNEY COMPANY/THE 2.20000 01/13/2028 US 320,000 $334,089.59
25470DAT6 DISCOVERY COMMUNICATIONS 5.20000 09/20/2047 US 910,000 $1,058,712.08
256746108 DOLLAR TREE STORES INC US DLTR 2,210 $204,822.80
25746UDG1 DOMINION ENERGY 3.37500 04/01/2030 US 500,000 $551,915.24
25787GAC4 DONNELLEY FINANCIAL SOL 8.25000 10/15/2024 US 40,000 $39,403.60
25960P109 DOUGLAS EMMETT INC US DEI 1,100 $33,726.00
26151AAA7 DRAX FINCO PLC 6.62500 11/01/2025 GB 200,000 $205,000.00
26439XAC7 DCP MIDSTREAM OPERATING 8.12500 08/16/2030 US 15,000 $15,750.00
264411505 DUKE RLTY INVTS INC US DRE 1,370 $48,484.30
26875P101 EOG RESOURCES INC US EOG 3,900 $197,574.00
26884L109 EQT CORP US EQT 14,465 $172,133.50
26884LAG4 EQT CORP 7.00000 02/01/2030 US 25,000 $25,750.75
277276101 EASTGROUP PROPERTIES US EGP 162 $19,214.82
285512109 ELECTRONIC ARTS US EA 2,360 $311,638.00
291011104 EMERSON ELEC CO US EMR 1,952 $121,082.56
29273RAR0 ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 US 860,000 $931,583.27
29444U700 EQUINIX INC US EQIX 857 $601,871.10
29472R108 EQUITY LIFESTYLE PROPERTIES US ELS 1,090 $68,103.20
29476L107 EQUITY RESIDENTIAL US EQR 595 $34,997.90
297178105 ESSEX PROPERTY TRUST INC US ESS 96 $22,000.32
30212P303 EXPEDIA INC US EXPE 7,620 $626,364.00
30212PAS4 EXPEDIA GROUP INC 6.25000 05/01/2025 US 365,000 $388,824.71
302154BV0 EXPORT-IMPORT BANK KOREA 2.62500 12/30/2020 KR 1,550,000 $1,562,803.00
30225T102 EXTRA SPACE STORAGE INC US EXR 150 $13,855.50
30231G102 EXXON MOBIL CORP US XOM 3,370 $150,706.40
302491303 FMC CORP US FMC 1,950 $194,259.00
30262DAL5 FREMF 2011-K13 B 4.76773 01/25/2048 US 410,000 $415,514.62
30262SAR9 FREMF 2015-K42 B FLT 3.98235 12/25/2024 US 180,000 $191,917.66
30264DAA7 FS ENERGY & POWER FUND 7.50000 08/15/2023 US 20,000 $17,050.00
30287EAE0 FREMF 2014-K41 B FLT 3.96333 11/25/2047 US 700,000 $752,181.92
30291HAA5 FREMF 2013-K28 X2A 0.10000 06/25/2046 US 10,516,925.68 $21,356.72
30303M102 FACEBOOK INC -A US FB 1,690 $383,748.30
3128M1AM1 FHLM POOL G11912 5.50000 03/01/2021 US 1,442.59 $1,449.08
3128M6HZ4 FHLM POOL G04448 5.50000 07/01/2038 US 129,359.46 $148,360.50
3128M6SU3 FHLM POOL G04731 5.50000 04/01/2038 US 2,945.09 $3,380.00
3128M73P9 FHLM POOL G05906 6.00000 04/01/2040 US 9,689.96 $11,211.04
3128M82W3 FHLM POOL G06789 6.00000 05/01/2040 US 102,935.5 $120,206.74
3128M9ZU9 FHLM POOL G07655 5.50000 12/01/2035 US 34,061.93 $39,082.49
3128MB4Q7 FHLM POOL G13331 5.50000 10/01/2023 US 36,199.02 $37,676.75
3128MBDP9 FHLM POOL G12610 6.00000 03/01/2022 US 2,160.17 $2,207.50
3128MBUB1 FHLM POOL G13078 6.00000 03/01/2023 US 2,118.03 $2,190.32
3128MJ2U3 FHLM GOLD POOL FG G08786 4.50000 10/01/2047 US 409,080.95 $442,142.52
3128MJJT8 FHLM POOL G08273 5.50000 06/01/2038 US 72,212.27 $82,727.05
3128MJY87 FHLM POOL FG G08734 4.00000 11/01/2046 US 37,041.07 $39,884.07
3128P75F6 FHLM POOL C91746 4.50000 12/01/2033 US 35,530.76 $38,961.02
312941ZQ3 FHLM POOL Q93451 4.50000 08/01/2040 US 366,133.12 $407,112.39
3132QUNJ8 FHLM POOL Q37592 4.00000 12/01/2045 US 113,950.18 $123,825.97
3132XTPU6 FHLM GOLD POOL FG Q51334 4.00000 10/01/2047 US 368,742.17 $392,129.46
3133A6DB4 FEDERAL NATL MTG ASSN FR QB0098 2.50000 06/01/2050 US 1,018,199.4 $1,061,575.01
3136AY6W8 FNA 2017-M15 A1 FLT 3.05797 09/25/2027 US 465,865.67 $507,644.50
3136B1YD0 FNR 2018-31 KP 3.50000 07/25/2047 US 262,518.02 $272,323.15
31371MLB1 FEDERAL NATL MTG ASSN 256022 5.50000 12/01/2035 US 43,464.56 $49,951.96
31371MRU3 FEDERAL NATL MTG ASSN 256199 5.00000 04/01/2021 US 1,608.96 $1,690.60
31371NDQ5 FEDERAL NATL MTG ASSN 256711 5.50000 05/01/2037 US 5,168.99 $5,920.15
3137A2B34 FHMS K009 X1 FLT 1.35336 08/25/2020 US 324,596.92 $66.48
3137ADTK3 FHMS K014 X1 FLT 1.32363 04/25/2021 US 10,662,145.28 $65,018.83
3137AJMG6 FMHS K016 X1 FLT 1.63485 10/25/2021 US 2,244,889.16 $34,511.80
3137AUPF0 FHMS K021 x1 FLT 1.54788 06/25/2022 US 15,282,185.76 $336,587.08
3137B3NB0 FHMS K030 X1 FLT 0.28853 04/25/2023 US 29,101,603.82 $129,679.66
3137B4GZ3 FHMS K032 X1 FLT 0.20687 05/25/2023 US 17,104,479.85 $53,439.53
3137F4YU0 FHR 4791 BA MTGE 4.00000 03/15/2044 US 276,813.59 $282,714.15
3137FG2L8 FHR 4801 BA MTGE 4.50000 05/15/2044 US 179,559.42 $182,530.32
3138A7BL1 FEDERAL NATL MTG ASSN AH5442 4.50000 05/01/2041 US 179,898.99 $195,015.22
3138AJ4A7 FEDERAL NATL MTG ASSN AI5316 4.50000 07/01/2041 US 30,297.68 $32,559.08
3138EPLE2 FEDERAL NATL MTG ASSN AL6624 4.50000 09/01/2042 US 78,146.7 $86,975.50
3138ETT89 FEDERAL NATL MTG ASSN AL8674 FLT 5.64500 01/01/2049 US 517,599.4 $606,252.02
3138WDRZ6 FEDERAL NATL MTG ASSN AS4103 4.50000 12/01/2044 US 469,145.19 $516,212.16
31403DDX4 FEDERAL NATL MTG ASSN 745418 5.50000 04/01/2036 US 47,203.71 $54,234.63
31403DVZ9 FEDERAL NATL MTG ASSN 745932 6.50000 11/01/2036 US 7,986.86 $9,313.88
3140F4UB0 FEDERAL NATL MTG ASSN BC8677 4.00000 05/01/2046 US 417,571.2 $446,962.52
3140F9M51 FEDERAL NATL MTG ASSN BD2179 4.00000 07/01/2046 US 87,160.63 $93,971.85
31410FSE6 FEDERAL NATL MTG ASSN 888017 6.00000 11/01/2021 US 1,176.58 $1,198.67
31410FV51 FEDERAL NATL MTG ASSN 888136 6.00000 12/01/2021 US 1,474.07 $1,504.46
31410GCD3 FEDERAL NATL MTG ASSN 888468 5.50000 09/01/2021 US 7,317.33 $7,396.86
31410GN33 FEDERAL NATL MTG ASSN 888810 5.50000 11/01/2022 US 8,096.37 $8,189.31
31410KLD4 FEDERAL NATL MTG ASSN 889624 5.50000 05/01/2038 US 13,942.16 $15,970.18
31410WSY5 FEDERAL NATL MTG ASSN 899735 6.50000 09/01/2037 US 5,578.48 $6,205.47
31411JXP6 FEDERAL NATL MTG ASSN 909786 5.50000 03/01/2037 US 32,219.47 $36,886.27
31411RHZ4 FEDERAL NATL MTG ASSN 912948 5.00000 05/01/2038 US 4,288.89 $4,685.54
31413CCL1 FEDERAL NATL MTG ASSN 941175 6.00000 11/01/2037 US 1,742.1 $1,937.66
31413MR66 FEDERAL NATL MTG ASSN 949709 6.50000 09/01/2037 US 16,154.49 $18,265.86
31413S6R0 FEDERAL NATL MTG ASSN 954580 6.00000 02/01/2038 US 11,425.1 $13,288.29
31414CQ50 FEDERAL NATL MTG ASSN 962276 6.00000 03/01/2038 US 2,468.87 $2,854.16
31414DJ23 FEDERAL NATL MTG ASSN 962981 6.00000 05/01/2038 US 7,415.87 $8,440.43
31414QX28 FEDERAL NATL MTG ASSN 973297 4.50000 03/01/2023 US 4,062.48 $4,282.77
31414UF52 FEDERAL NATL MTG ASSN 976388 4.50000 04/01/2023 US 24,717.04 $26,024.63
31415ALX7 FEDERAL NATL MTG ASSN 981042 6.00000 04/01/2038 US 4,558.86 $5,064.09
31415BBC2 FEDERAL NATL MTG ASSN 981635 5.00000 06/01/2038 US 12,804.44 $14,648.46
31415BBT5 FEDERAL NATL MTG ASSN 981650 5.00000 06/01/2038 US 4,981.28 $5,446.90
31416BVW5 FEDERAL NATL MTG ASSN 995329 5.50000 12/01/2021 US 4,577.54 $4,627.06
31417YJC2 FEDERAL NATL MTG ASSN MA0258 4.50000 12/01/2039 US 13,076.47 $14,535.19
31418BBC9 FEDERAL NATL MTG ASSN MA1834 4.50000 02/01/2034 US 164,574.13 $180,406.70
31418BDH6 FEDERAL NATL MTG ASSN MA1903 4.50000 05/01/2034 US 177,111.98 $194,152.44
31418CRE6 FEDERAL NATL MTG ASSN FN MA3184 4.50000 11/01/2047 US 352,979.06 $381,177.18
31418CYJ7 FEDERAL NATL MTG ASSN FN MA3412 3.50000 07/01/2038 US 222,249.51 $234,727.50
31418DNN8 FEDERAL NATL MTG ASSN FN MA3996 2.50000 04/01/2050 US 307,562.02 $317,050.81
31418DQ21 FEDERAL NATL MTG ASSN FN MA4072 2.50000 07/01/2040 US 525,000 $547,667.90
31418DQG0 FEDERAL NATL MTG ASSN FN MA4054 2.50000 06/01/2040 US 1,350,514.23 $1,408,823.10
31418DQZ8 FEDERAL NATL MTG ASSN FN MA4071 2.00000 07/01/2040 US 780,000 $800,960.75
31418MG63 FEDERAL NATL MTG ASSN AD0220 6.00000 10/01/2038 US 22,007.86 $25,676.23
31418MJC7 FEDERAL NATL MTG ASSN AD0258 5.50000 03/01/2039 US 75,132.46 $86,039.79
31418MKV3 FEDERAL NATL MTG ASSN AD0307 5.50000 01/01/2039 US 13,999.85 $16,079.09
315786AC7 FIDELITY & GUARA NTY LIFE 5.50000 05/01/2025 US 55,000 $59,400.00
316067107 FIDELITY CASH RESERVES US 8,543.9 $8,543.90
32054K103 FIRST INDUSTRIAL REALTY TR US FR 935 $35,941.40
33834YAA6 FIVE POINT OP CO LP/FIVE 7.87500 11/15/2025 US 40,000 $37,800.00
34461LAA2 FONTAINEBLEAU MIAMI BEACH TRUST 3.14400 12/10/2036 US 470,000 $471,982.98
345370CX6 FORD MOTOR COMPANY 9.62500 04/22/2030 US 50,000 $59,215.00
345397XU2 FORD MOTOR CREDIT CO LLC 4.38900 01/08/2026 US 20,000 $19,043.60
346232AE1 FORESTAR GROUP INC 5.00000 03/01/2028 US 40,000 $39,200.00
34960PAB7 FORTRESS TRANS & INFRAST 6.50000 10/01/2025 US 50,000 $45,010.50
35166FAA0 FOXTROT ESCROW ISSUER 12.25000 11/15/2026 US 25,000 $24,281.25
357081AE8 FREMF 2015-K720 B FLT 3.50973 07/25/2022 US 100,000 $103,214.71
36166LAA5 GEMS MENASA KY LTD/GEMS 7.12500 07/31/2026 AE 25,000 $23,750.00
36248EAA3 GSMS 2010-C2 3.84900 12/10/2043 US 3,736.35 $3,736.44
36257MAA3 GSMS 2019-70P A 1.18475 10/15/2036 US 340,000 $330,212.93
36294VKJ8 GNMA POOL 660997 5.50000 05/15/2037 US 29,630.13 $32,837.88
369550108 GENERAL DYNAMICS CORP US GD 705 $105,369.30
369604BQ5 GENERAL ELECTRIC CO 5.00000 01/21/2021 US 780,000 $609,242.40
370334104 GENERAL MLS INC US GIS 2,195 $135,321.75
37185LAL6 GENESIS ENERGY LP/FIN 7.75000 02/01/2028 US 20,000 $17,800.00
374297109 GETTY REALTY CORP US GTY 865 $25,673.20
375558103 GILEAD SCIENCES INC US GILD 3,220 $247,746.80
38379RRX3 GNR 2017-54 AH MTGE 2.60000 12/16/2056 US 396,004.5 $413,675.41
388689101 GRAPHIC PACKAGING HOLDING CO US GPK 27,560 $385,564.40
4031976 ADIDAS AG DE ADS GR 820 $216,193.44
404119BX6 HCA INC 4.12500 06/15/2029 US 590,000 $650,821.66
404139AD9 HC2 HOLDINGS INC 11.50000 12/01/2021 US 9,000 $8,572.50
418751AB9 HAT HOLDINGS I LLC 6.00000 04/15/2025 US 45,000 $47,137.50
421946104 HEALTHCARE REALTY TRUST INC US HR 580 $16,988.20
42225P501 HEALTHCARE TRUST OF AMERICA US HTA 535 $14,188.20
42250P103 HEALTHPEAK PROPERTIES INC US PEAK 1,905 $52,501.80
427866108 HERSHEY CO/THE US HSY 653 $84,641.86
431571AB4 HILLENBRAND INC 4.50000 09/15/2026 US 40,000 $40,162.40
43300A203 HILTON WORLDWIDE HOLDINGS INC US HLT 360 $26,442.00
437076102 HOME DEPOT INC US HD 1,652 $413,842.52
438128308 HONDA MOTOR CO LTD -SPONS ADR JP HMC 5,023 $128,387.88
438516106 HONEYWELL INTERNATIONAL INC US HON 1,500 $216,885.00
44107P104 HOST MARRIOTT CORP US HST 1,183 $12,764.57
443201AA6 HOWMET AEROSPACE INC 6.87500 05/01/2025 US 40,000 $43,394.44
444454AD4 HUGHES SATELLITE SYSTEMS 5.25000 08/01/2026 US 25,000 $25,855.00
450913AE8 IAMGOLD CORP 7.00000 04/15/2025 CA 45,000 $45,234.45
452308109 ILLINOIS TOOL WKS INC US ITW 853 $149,147.05
45337C102 INCYTE CORP US INCY 1,390 $144,518.30
45569LAA9 INDIGO NATURAL RES LLC 6.87500 02/15/2026 US 30,000 $27,900.00
45682RAA8 INFRABUILD AUSTRALIA PTY 12.00000 10/01/2024 AU 20,000 $18,050.00
45778Q107 INSPERITY INC US NSP 1,700 $110,041.00
458140100 INTEL CORP US INTC 6,010 $359,578.30
45866F104 INTERCONTINENTALEXCHANGE INC US ICE 2,140 $196,024.00
459200101 INTERNATIONAL BUSINESS MACH CORP US IBM 1,864 $225,115.28
46116VAE5 INTL FC STORE INC 8.62500 06/15/2025 US 50,000 $52,219.00
46187BAA1 IHSFR 2017-SFR2 A 1.04388 12/17/2036 US 145,943.48 $144,143.81
46187BAB9 IHSFR 2017-SFR2 B 1.34388 12/17/2036 US 120,000 $119,474.60
46187W107 INVITATION HOMES INC US INVH 3,206 $88,261.18
46284VAL5 IRON MOUNTAIN INC 5.62500 07/15/2032 US 25,000 $24,947.50
465410BX5 ITALY GOV'T INT BOND 2.37500 10/17/2024 IT 200,000 $202,492.07
46625H100 JP MORGAN CHASE & CO US JPM 3,454 $324,883.24
46635GAE0 JP MORGAN CHASE COMMERCIAL MORTG 4.06980 11/15/2043 US 22,250.86 $22,227.88
46639GAL0 JPMMT 2013-1 1A2 3.00000 03/25/2043 US 178,082.41 $182,839.44
46640BAC8 JPMMT 2013-2 A2 3.50000 05/25/2043 US 205,552.73 $215,032.31
46641YAA1 JPMMT 2014-2 1A1 3.00000 06/25/2029 US 238,871.03 $245,119.49
46647PBP0 JPMORGAN CHASE & CO 2.95600 05/13/2031 US 870,000 $922,707.65
46647SAJ9 JPMMT 2017-3 1A5 3.50000 08/25/2047 US 193,638.96 $195,933.48
46649HAE2 JPMMT 2017-6 A5 3.50000 12/25/2048 US 169,924.04 $172,513.78
476405105 JERNIGAN CAPITAL INC US JCAP 1,700 $23,256.00
478160104 JOHNSON & JOHNSON US JNJ 6,646 $934,626.98
47987LAA9 JONAH NRG LLC/FINANCE 7.25000 10/15/2025 US 25,000 $3,062.50
487526AB1 KEHE DISTRIBUTORS LLC/FI 8.62500 10/15/2026 US 30,000 $31,950.00
49271VAJ9 KEURIG DR PEPPER INC 3.20000 05/01/2030 US 760,000 $845,483.26
49427F108 KILROY REALTY CORP US KRC 862 $50,599.40
494368103 KIMBERLY CLARK CORP US KMB 893 $126,225.55
494550AW6 KINDER MORGAN ENER PART 6.95000 01/15/2038 US 630,000 $844,301.50
50187TAE6 LGI HOMES INC 6.87500 07/15/2026 US 35,000 $35,612.50
505742AG1 LADDER CAP FIN LLLP/CORP 5.25000 10/01/2025 US 35,000 $30,177.00
512816109 LAMAR ADVERTISING CO-A US LAMR 245 $16,356.20
516806AG1 LAREDO PETROLEUM INC 10.12500 01/15/2028 US 20,000 $13,800.00
53223X107 LIFE STORAGE INC US LSI 135 $12,818.25
532457108 ELI LILLY & CO US LLY 1,267 $208,016.06
539473AE8 LLOYDS BANK PLC 12.00000 12/16/2024 GB 100,000 $115,380.00
539830109 LOCKHEED MARTIN CORP US LMT 645 $235,373.40
54238XAC2 LONESTAR RESOURCES AMERICA 11.25000 01/01/2023 US 45,000 $4,275.00
550021109 LULULEMON - ADR CA LULU 680 $212,166.80
552697AQ7 MDC PARTNERS INC 6.50000 05/01/2024 CA 30,000 $27,900.00
573284106 MARTIN MARIETTA MATERIALS US MLM 490 $101,219.30
57636Q104 MASTERCARD INC-CLASS A US MA 2,780 $822,046.00
58933Y105 MERCK & CO INC US MRK 4,263 $329,657.79
59001KAG5 MERITOR INC 6.25000 06/01/2025 US 20,000 $20,200.00
594918104 MICROSOFT CORP US MSFT 2,040 $415,160.40
595112103 MICRON TECHNOLOGY INC US MU 10,490 $540,444.80
59522J103 MID-AMERICA APARTMENT COMM US MAA 420 $48,161.40
609207105 MONDELEZ INTERNATIONAL INC US MDLZ 10,815 $552,970.95
615369105 MOODY'S CORPORATION US MCO 600 $164,838.00
61965RAA3 MOSS CREEK RESOURCES HLD 7.50000 01/15/2026 US 25,000 $12,500.00
62426EAA3 MOUNTAIN PROVINCE DIAMON 8.00000 12/15/2022 CA 10,000 $5,550.00
62913TAJ1 NGL ENRGY PART LP/FIN CO 7.50000 11/01/2023 US 20,000 $16,600.00
63938CAH1 NAVIENT CORP 6.75000 06/25/2025 US 35,000 $33,381.25
63938NAF1 NAVIOS SA LOGIST/FIN US 10.75000 07/01/2025 MH 15,000 $15,487.50
63940YAA4 NAVSL 2019-CA A1 2.82000 02/15/2068 US 177,813.16 $178,959.73
63941RAB6 NAVSL 2019-2A A2 1.18450 02/27/2068 US 1,000,000 $1,005,694.80
64033QAB5 NSLT 2015-2A A2 0.78450 09/25/2047 US 729,364.18 $700,788.86
64829DAG1 NRZT 2014-3A AFX3 3.75000 11/25/2054 US 241,873.34 $258,158.07
64829EAA2 NRZT 2015-2A A1 3.75000 08/25/2055 US 298,946.78 $320,573.31
64829LAA6 NRZT 2016-4A A1 3.75000 11/25/2056 US 393,161 $417,858.16
654106AJ2 NIKE INC 2.75000 03/27/2027 US 200,000 $220,312.55
6642321 NIKON CORP JP 7731 JP 22,900 $192,321.63
66727WAA0 NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 CA 135,000 $1,383.75
66987V109 NOVARTIS AG- REG CH NVS 7,030 $614,000.20
67401PAB4 OAKTREE SPECIALTY LEND 3.50000 02/25/2025 US 20,000 $19,539.54
674599EA9 OCCIDENTAL PETROLEUM COR 8.87500 07/15/2030 US 15,000 $14,981.25
675232AB8 OCEANEERING INTL INC 6.00000 02/01/2028 US 45,000 $31,500.00
68389X105 ORACLE CORP US ORCL 3,898 $215,442.46
69318FAH1 PBF HOLDING CO LLC 6.00000 02/15/2028 US 20,000 $16,600.00
69327RAJ0 PDC ENERGY INC 5.75000 05/15/2026 US 20,000 $18,200.00
693475105 PNC FINANCIAL SERVICES GROUP US PNC 808 $85,009.68
70450Y103 PAYPAL HOLDINGS INC US PYPL 2,440 $425,121.20
7123870 NESTLE SA-REGISTERED CH NESN SW 3,780 $419,090.96
713448108 PEPSICO INC US PEP 1,570 $207,648.20
717081103 PFIZER INC US PFE 9,574 $313,069.80
717081EW9 PFIZER INC 2.62500 04/01/2030 US 220,000 $242,356.35
719245AD4 PHOTO HOLDINGS MERGER SU 8.50000 10/01/2026 US 35,000 $33,031.25
71943U104 PHYSICIANS REALTY TRUST US DOC 1,065 $18,658.80
71953LAA9 PICASSO FINANCE SUB INC 6.12500 06/15/2025 US 35,000 $35,787.50
723787107 PIONEER NATURAL RESOURCES CO US PXD 3,065 $299,450.50
73179PAM8 POLYONE CORP 5.75000 05/15/2025 US 25,000 $25,718.75
733174AK2 POPULAR INC 6.12500 09/14/2023 PR 20,000 $20,200.00
741503AZ9 BOOKING HOLDINGS INC 3.60000 06/01/2026 US 1,170,000 $1,283,980.56
74166MAE6 PRIME SECSRVC BRW/FINANC 6.25000 01/15/2028 US 40,000 $37,700.00
74333KAA6 PROG 2017-SFR2 A 2.89700 12/17/2034 US 299,442.64 $300,718.42
74340W103 PROLOGIS US PLD 2,132 $198,979.56
74460D109 PUBLIC STORAGE INC US PSA 335 $64,283.15
747525103 QUALCOMM INC US QCOM 1,836 $167,461.56
750236AW1 RADIAN GROUP INC 4.87500 03/15/2027 US 65,000 $61,100.00
75513E101 RAYTHEON TECHNOLOGIES CORP US RTX 3,130 $192,870.60
756109104 REALTY INCOME CORP US O 305 $18,147.50
758849103 REGENCY CENTERS CORP US REG 395 $18,126.55
76169C100 REXFORD INDUSTRIAL REALITY IN US REXR 1,150 $47,644.50
780259107 ROYAL DUTCH SHELL PLC-ADR B NL RDS/B 2,470 $75,211.50
783513203 RYANAIR HOLDINGS - ADR IE RYAAY 4,210 $279,291.40
78409V104 S&P GLOBAL INC US SPGI 420 $138,381.60
78410G104 SBA COMMUNICATIONS CORP US SBAC 960 $286,003.20
78442PGC4 SLM CORP 5.12500 04/05/2022 US 45,000 $44,550.00
78443BAG1 SLMA 2006-10 A6 FLT 1.14138 03/25/2044 US 130,000 $121,270.97
78471CAB5 SOFI 2017-D A2FX 2.65000 09/25/2040 US 631,458.78 $647,318.81
785592AV8 SABINE PASS LIQUEFACTION 5.87500 06/30/2026 US 910,000 $1,069,250.00
79466L302 SALESFORCE.COM US CRM 1,650 $309,094.50
806857108 SCHLUMBERGER LTD NL SLB 5,090 $93,605.10
808625AA5 SCIENCE APPLICATIONS INT 4.87500 04/01/2028 US 25,000 $24,851.50
81745BAB1 SEMT 2013-6 A2 3.00000 05/25/2043 US 340,332.62 $355,922.95
81745CAB9 SEMT 2013-7 A2 3.00000 06/25/2043 US 223,109.8 $231,420.82
81745EAA7 SEMT 2013-8 A1 3.00000 06/25/2043 US 301,732.68 $314,943.56
81745MAA9 SEMT 2013-2 1.87400 02/25/2043 US 228,185.8 $229,860.82
81762P102 SERVICENOW INC US NOW 530 $214,681.80
83402DAC5 SOFI 2016-C A2B 2.36000 12/27/2032 US 176,804.38 $178,455.38
83404LAC5 SOFI 2016-D A2B 2.34000 04/25/2033 US 64,841.15 $65,762.69
83404RAB4 SOFI 2018-B A2FX MTGE 3.34000 08/25/2047 US 250,000 $258,483.05
83406CAA7 SCLP 2019-2 A MTGE 3.01000 04/25/2028 US 188,329.82 $190,800.93
844741BJ6 SOUTHWEST AIRLINES CO 5.25000 05/04/2025 US 700,000 $738,954.24
85172FAN9 SPRINGLEAF FINANCE CORP 7.12500 03/15/2026 US 45,000 $46,574.55
85207UAH8 SPRINT CORP 7.12500 06/15/2024 US 30,000 $33,874.20
85254J102 STAG INDUSTRIAL INC US STAG 805 $23,602.60
85571BAL9 STARWOOD PROPERTY TRUST 4.75000 03/15/2025 US 40,000 $36,400.00
85571BAP0 STARWOOD PROPERTY TRUST 3.62500 02/01/2021 US 20,000 $19,650.00
85571XAA5 SRPT 2014-STAR A FLTG RATE 1.65475 11/15/2027 US 886,341.61 $677,101.35
862121100 STORE CAPITAL CORP US STOR 690 $16,428.90
86212XAA8 STR 2019-1 A1 MTGE 2.82000 11/20/2049 US 296,398.01 $296,773.61
866674104 SUN COMMUNITIES US SUI 640 $86,835.20
867892101 SUNSTONE HOTEL INVESTORS INC US SHO 1,155 $9,413.25
87105L104 SWITCH INC - A US SWCH 1,200 $21,384.00
872540AR0 TJX COS INC 3.50000 04/15/2025 US 500,000 $556,575.79
87422VAJ7 TALEN ENERGY SUPPLY LLC 7.62500 06/01/2028 US 35,000 $35,000.00
87677QAA9 TXEZ 2016-1A 3.13100 06/15/2028 US 102,274.46 $102,532.33
87854WAA1 TECHNIPLAS LLC 10.00000 05/01/2020 US 15,000 $3,337.50
88032WAN6 TENCENT HOLDINGS 3.97500 04/11/2029 KY 780,000 $874,267.10
88146M101 TERRENO REALTY CORP US TRNO 355 $18,687.20
882508104 TEXAS INSTRUMENTS INC US TXN 1,987 $252,289.39
883556102 THERMO FISHER SCIENTIFIC INC US TMO 580 $210,157.20
88579Y101 3M CO US MMM 1,289 $201,071.11
89151E109 TOTAL S A SPONSORED ADR FR TOT 8,671 $333,486.66
89173CAA5 TPMT 2016-5 A1 2.50000 10/25/2056 US 570,627.17 $580,383.98
89173FAA8 TPMT 2017-1 A1 2.75000 10/25/2056 US 261,376.56 $267,443.16
89177EAA7 TPMT 2019-HY1 A1 1.18450 10/25/2048 US 235,531.42 $234,425.34
892231AA9 TOWNSQUARE MEDIA INC 6.50000 04/01/2023 US 35,000 $30,100.00
89613BAA5 TAH 2016-SFR1 A 2.58900 11/17/2033 US 772,983.08 $776,324.14
89613FAA6 TAH 2017-SFR2 A 2.92800 01/17/2036 US 497,781.2 $517,358.34
89832Q109 TRUIST FINANCIAL CORP US TFC 3,540 $132,927.00
901109AF5 TUTOR PERINI CORP 6.87500 05/01/2025 US 65,000 $61,912.50
902653104 UDR INC US UDR 608 $22,727.04
902973304 U.S. BANCORP US USB 3,694 $136,013.08
904767704 UNILEVER PLC - ADR GB UL 16,106 $883,897.28
907818108 UNION PAC CORP US UNP 1,429 $241,601.03
912796SZ3 TREASURY BILL 0.00000 07/16/2020 US 800,000 $799,957.50
912810FS2 TSY INFL IX N/B 2.00000 01/15/2026 US 2,693,361.3 $3,130,008.85
9128286N5 TSY INFL IX N/B 0.50000 04/15/2024 US 1,947,767.28 $2,047,055.03
912828R36 US TREASURY N/B 1.62500 05/15/2026 US 1,900,000 $2,036,191.41
912828WJ5 US TREASURY N/B 2.50000 05/15/2024 US 1,890,000 $2,056,334.76
912828XB1 UNITED STATES TREAS NTS 2.12500 05/15/2025 US 1,880,000 $2,047,143.75
912828YN4 US TREASURY FRN FLT 0.45006 10/31/2021 US 2,088,000 $2,094,624.64
912828ZJ2 TSY INFL IX N/B 0.12500 04/15/2025 US 2,014,978 $2,110,908.97
91704F104 URBAN EDGE PROPERTIES US UE 1,425 $16,914.75
91823AAN1 VBTOW 2020-1A C2 3.03100 06/15/2050 US 150,000 $152,256.56
92343VDU5 VERIZON COMMUNICATIONS 5.25000 03/16/2037 US 990,000 $1,325,373.81
92826C839 VISA INC - CLASS A SHARES US V 4,050 $782,338.50
92826CAK8 VISA INC 2.70000 04/15/2040 US 830,000 $888,126.84
92840JAA7 VISTAJET MALTA/XO MGMT 10.50000 06/01/2024 MUL 25,000 $22,500.00
92840VAG7 VISTRA OPERATIONS CO LLC 3.70000 01/30/2027 US 25,000 $25,745.73
928668BE1 VOLKSWAGEN GROUP AMERICA 3.35000 05/13/2025 US 500,000 $533,617.92
929160109 VULCAN MATERIALS CO US VMC 1,660 $192,311.00
93065PAA9 WBHT 2019-WBM A FLT 1.23475 12/15/2033 US 390,000 $364,600.78
931142103 WAL MART STORES US WMT 2,872 $344,008.16
94106L109 WASTE MANAGEMENT INC US WM 1,180 $124,973.80
949746101 WELLS FARGO COMPANY US WFC 7,840 $200,704.00
95040Q104 WELLTOWER INC. US WELL 923 $47,765.25
95081QAP9 WESCO DISTRIBUTION INC 7.25000 06/15/2028 US 25,000 $26,437.50
962178AN9 TRI POINTE GROUP / HOMES 5.87500 06/15/2024 US 40,000 $41,080.40
966387AH5 WHITING PETROLEUM CORP 5.75000 03/15/2021 US 130,000 $25,025.00
96949LAD7 WILLIAMS PARTNERS LP 3.75000 06/15/2027 US 700,000 $749,429.65
97651JAE6 WINWATER MORTGAGE LOAN TRUST 3.50000 03/20/2045 US 55,625.04 $55,718.62
97652TAA1 WIN 2015-1 A1 3.50000 01/20/2045 US 273,236.59 $281,332.56
98212BAM5 WPX ENERGY 5.87500 06/15/2028 US 10,000 $9,609.50
98311A105 WYNDHAM HOTELS & RESORTS INC US WH 915 $38,997.30
B3ZD2V9 MEX BONOS DESARR FIX RT 6.50000 06/10/2021 MX 400,000 $17,681.83
B4888C1 CANADIAN GOVERNMENT FLT 2.75000 06/01/2022 CA 140,000 $108,011.20
B4NDCC9 MEX BONOS DESARR FIX RT 6.50000 06/09/2022 MX 1,100,000 $49,476.91
B63QM77 NEXON CO LTD JP 3659 JP 28,500 $642,858.24
B6TC406 MEX BONOS DESARR FIX RT 7.75000 05/29/2031 MX 350,000 $17,208.01
BBG00V0BGWX2 EOG US 07/02/20 P46 US -34 -$170.00
BBG00V0C53Z4 EXPE US 07/02/20 P76.5 US -20 -$800.00
BGHQ198 HIBERNIA REIT PLC IE HBRN ID 14,315 $18,072.70
BJVB695 BUONI POLIENNALI DEL TES 2.45000 09/01/2050 IT 180,000 $212,329.14
BMMV2K8 TENCENT HOLDINGS LTD CN 700 HK 7,480 $479,302.79
BYYHL23 ANHEUSER-BUSCH INBEV SA/NV BE ABI BB 4,010 $197,677.79
G1151C101 ACCENTURE PLC - CL A IE ACN 917 $196,898.24
G29183103 EATON CORP PLC US ETN 1,255 $109,787.40
G5494J103 LINDE PLC GB LIN 817 $173,293.87
G5960L103 MEDTRONIC INC IE MDT 4,771 $437,500.70
H01301128 ALCON INC CH ALC 3,530 $202,339.60
H1467J104 CHUBB LTD CH CB 1,004 $127,126.48
USD US DOLLAR US 1,328,883.41 $1,328,883.41

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 45 years of experience managing investment objectives. The Firm’s active management approach focuses on participating in rising markets and, as important, helping to reduce the risk of large losses in sustained bear market periods. A team of investment analysts and professionals make all investment decisions in an effort to provide investors with strong risk-adjusted returns.


Loading...