Collective Investment Trust
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.
Daily Price
$14.39
Daily $ Change
-$0.05
Daily % Change
-0.35%
as of 06/07/2023
CUSIP
302027123
Inception Date
10/15/2013
This fund is only available for use within certain qualified employee benefit plans.
Important Documents
| Applications & Forms | |
| Fact Sheet | |
| Annual Report |
YTD
4.04%
1 Year
0.28%
3 Year
2.37%
5 Year
4.09%
10 Year
3.84%
Inception
(10/15/2013)
5.47%
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.
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.
Expense Ratio
| Gross | 0.51% |
| Net | 0.49%* |
*Reflects the Trustee’s contractual agreement to limit fees and voluntary agreement to reimburse certain expenses.
| TREASURY NOTES | 32.90% |
| GOVERNMENT AGENCY | 13.93% |
| TREASURY BILLS | 5.18% |
| TENCENT HOLDINGS 3.97500 04/11/2029 | 1.74% |
| SIMON PROPERTY GROUP LP 2.65000 02/01/2032 | 1.18% |
| JPMORGAN CHASE & CO 4.49300 03/24/2031 | 1.05% |
| WARNERMEDIA HOLDINGS INC 4.05400 03/15/2029 | 1.05% |
| ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 | 1.01% |
| AMAZON.COM INC 3.30000 04/13/2027 | 0.89% |
| ALIBABA GROUP HOLDING 4.00000 12/06/2037 | 0.81% |
This investment list is unaudited and excludes cash.
| Bonds | 79.21% | |
| Stocks | 17.06% | |
| Cash | 3.73% |
| International Equities | 4.47% | |
| Small Capitalization | 0.23% | |
| Mid Capitalization | 1.80% | |
| Large Capitalization | 10.55% | |
| Long Term Fixed Income | 12.46% | |
| Intermediate Term Fixed Income | 54.27% | |
| Short Term Fixed Income | 12.49% | |
| Cash | 3.73% |
Due to rounding, the sum of the detailed asset class allocation categories may not equal the asset allocation totals provided above.
| Security Description | Country | Ticker | Shares/Par | Market Value (USD) |
|---|---|---|---|---|
| 3M CO | US | MMM | 68 | $6,345.08 |
| ABBOTT LABORATORIES | US | ABT | 127 | $12,954.00 |
| ADMIRAL GROUP PLC | GB | AMIGY | 6,034 | $174,442.94 |
| ADMIRAL GROUP PLC | GB | ADM LN | 1,568 | $45,419.99 |
| ADYEN NV | NL | ADYEN NA | 8 | $13,102.74 |
| AERCAP IRELAND CAP/GLOBA 3.00000 10/29/2028 | IE | 420,000 | $364,121.94 | |
| AGREE REALTY CORP | US | ADC | 416 | $26,827.84 |
| AIR LIQUIDE | FR | AI FP | 207 | $34,683.42 |
| AIR LIQUIDE-ADR | FR | AIQUY | 6,720 | $225,254.40 |
| AIRBUS SE | FR | AIR FP | 175 | $22,981.93 |
| ALASKA AIR 2020-1 CL B 8.00000 08/15/2025 | US | 30,207 | $30,619.84 | |
| ALCON INC | CH | ALC | 2,825 | $218,626.75 |
| ALIBAB GROUP HOLDINGS 2.12500 02/09/2031 | KY | 210,000 | $172,494.73 | |
| ALIBABA GROUP HOLDING 4.00000 12/06/2037 | KY | 810,000 | $686,080.00 | |
| ALPHABET INC-CL A | US | GOOGL | 4,570 | $561,515.90 |
| AMAZON.COM INC | US | AMZN | 5,529 | $666,686.82 |
| AMAZON.COM INC 3.30000 04/13/2027 | US | 780,000 | $752,219.13 | |
| AMERICAN HOMES 4 RENT- A | US | AMH | 313 | $10,729.64 |
| AMERICAN TANKER INC 7.75000 07/02/2025 | US | 135,000 | $129,736.44 | |
| AMERICAN TOWER REIT INC | US | AMT | 105 | $19,366.20 |
| AMERICOLD REALTY TRUST | US | COLD | 900 | $26,370.00 |
| ANALOG DEVICES INC | US | ADI | 62 | $11,016.78 |
| APARTMENT INCOME REIT CO | US | AIRC | 303 | $10,511.07 |
| APPLIED MATERIALS INC | US | AMAT | 1,385 | $184,620.50 |
| ARCHER-DANIELS-MIDLAND CO | US | ADM | 75 | $5,298.75 |
| ASHTEAD CAPITAL INC 4.00000 05/01/2028 | US | 360,000 | $333,569.02 | |
| ASTRAZENECA | GB | AZN | 404 | $29,524.32 |
| ATLASSIAN CORP PLC-CLASS A | AU | TEAM | 78 | $14,101.62 |
| AUCKLAND INTL AIRPORT LTD | NZ | AIA NZ | 2,176 | $11,630.33 |
| AUTO TRADER GROUP PLC | GB | AUTO LN | 5,302 | $41,610.22 |
| AVALONBAY COMMUNITIES INC | US | AVB | 96 | $16,702.08 |
| AVANZA BANK HOLDING AB | SE | AZA SS | 773 | $16,051.24 |
| BAE SYSTEMS PLC | GB | BA/ LN | 3,424 | $39,573.04 |
| BAE SYSTEMS PLC -SPON ADR | GB | BAESY | 3,106 | $145,950.94 |
| BANK OF AMERICA CORP | US | BAC | 476 | $13,228.04 |
| BANK OF AMERICA CORP 2.68700 04/22/2032 | US | 650,000 | $536,913.62 | |
| BARRICK GOLD CORP | CA | GOLD | 6,170 | $104,149.60 |
| BAXTER INTERNATIONAL INC | US | BAX | 73 | $2,972.56 |
| BEIERSDORF AG | DE | BEI GR | 233 | $29,733.04 |
| BIOMARIN PHARMACEUTICAL INC | US | BMRN | 2,980 | $259,081.20 |
| BNSF FUNDING TRUST I 6.61300 12/15/2055 | US | 380,000 | $365,178.77 | |
| BRANDYWINE REALTY TRUST | US | BDN | 989 | $3,857.10 |
| BRISTOL MYERS SQUIBB CO | US | BMY | 193 | $12,436.92 |
| BROADCOM INC | US | AVGO | 24 | $19,391.04 |
| BROADRIDGE FINANCIAL SOLUTIONS | US | BR | 22 | $3,227.84 |
| BROOGE PETROLEUM AND GAS 8.50000 09/24/2025 | AE | 172,000 | $147,775.22 | |
| BUNGE LIMITED | US | BG | 29 | $2,686.56 |
| C.H. ROBINSON WORLDWIDE INC | US | CHRW | 29 | $2,741.66 |
| CAALT 2021-2A A 0.96000 02/15/2030 | US | 210,154.53 | $205,453.64 | |
| CALDERYS FINANCING LLC 11.25000 06/01/2028 | US | 80,000 | $81,044.00 | |
| CAMPBELL SOUP CO | US | CPB | 63 | $3,184.65 |
| CANADIAN NATIONAL RAILWAY CO | CA | CNI | 1,594 | $179,691.62 |
| CARETRUST REIT INC | US | CTRE | 828 | $16,063.20 |
| CATERPILLAR INC | US | CAT | 60 | $12,345.00 |
| CBOE GLOBAL MARKETS INC | US | CBOE | 1,144 | $151,488.48 |
| CBSLT 2019-AGS A1 MTGE 2.54000 01/25/2047 | US | 141,182.84 | $128,186.24 | |
| CELLNEX TELECOM SA | ES | CLNX SM | 794 | $32,177.23 |
| CELLNEX TELECOM SAU-UNSP ADR | ES | CLLNY | 918 | $18,561.96 |
| CENOVUS ENERGY INC 6.75000 11/15/2039 | CA | 396,000 | $414,552.19 | |
| CHEVRON CORP | US | CVX | 118 | $17,773.16 |
| CIM 2019-INV1 A1 4.00000 02/25/2049 | US | 11,543.57 | $11,191.89 | |
| CISCO SYSTEMS INC | US | CSCO | 351 | $17,434.17 |
| CITIGROUP INC | US | C | 214 | $9,484.48 |
| CITIGROUP INC 1.46200 06/09/2027 | US | 620,000 | $552,693.99 | |
| CLARK CNTY NV 1.51000 11/01/2028 | US | 800,000 | $685,526.86 | |
| CLEANAWAY WASTE MANAGEMENT | AU | CWY AU | 13,438 | $22,706.33 |
| COCA COLA CO/THE | US | KO | 3,747 | $223,546.02 |
| COGNIZANT TECH SOLUTIONS - A | US | CTSH | 59 | $3,686.91 |
| COLGATE-PALMOLIVE CO | US | CL | 104 | $7,735.52 |
| COLO 2021-2A A2 MTGE 2.40000 10/25/2051 | US | 410,000 | $357,790.12 | |
| COLO 2023 - 1A A2 MTGE 5.11600 02/25/2053 | US | 325,000 | $305,189.29 | |
| COMCAST CORP-CL A | US | CMCSA | 371 | $14,598.85 |
| COMMUNITY HEALTHCARE TRUST I | US | CHCT | 400 | $13,120.00 |
| CONAGRA BRAND INC. | US | CAG | 93 | $3,242.91 |
| CONOCOPHILLIPS | US | COP | 102 | $10,128.60 |
| COPART INC | US | CPRT | 2,054 | $179,909.86 |
| CORNING INC | US | GLW | 101 | $3,111.81 |
| COTERRA ENERGY INC | US | CTRA | 122 | $2,836.50 |
| COUSINS PROPERTIES INC | US | CUZ | 700 | $13,944.00 |
| CSMC 2013-IVR3 A1 2.50000 05/25/2043 | US | 109,258.89 | $93,836.25 | |
| CSMC 2013-TH1 A1 2.13000 02/25/2043 | US | 65,913.23 | $55,848.56 | |
| CSX CORP | US | CSX | 5,453 | $167,243.51 |
| CUMMINS INC | US | CMI | 25 | $5,110.25 |
| CVS HEALTH CORP | US | CVS | 99 | $6,734.97 |
| DANONE | FR | BN FP | 211 | $12,488.86 |
| DEUTSCHE BOERSE AG | DE | DB1 GR | 199 | $34,419.79 |
| DEUTSCHE BOERSE AG ADR | DE | DBOEY | 8,346 | $143,968.50 |
| DEVON ENERGY CORPORATION | US | DVN | 83 | $3,826.30 |
| DIAGEO PLC | GB | DGE LN | 616 | $25,608.69 |
| DIAMONDBACK ENERGY INC | US | FANG | 26 | $3,305.90 |
| DIGITAL REALTY TRUST INC | US | DLR | 84 | $8,606.64 |
| DOW INC | US | DOW | 87 | $4,243.86 |
| DREYFUS GVT CSH MANAGEMENT | US | 3,280,318.22 | $3,280,318.22 | |
| EBAY INC | US | EBAY | 80 | $3,403.20 |
| ELECTRONIC ARTS | US | EA | 3,154 | $403,712.00 |
| EMERSON ELEC CO | US | EMR | 81 | $6,292.08 |
| ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 | US | 860,000 | $857,805.54 | |
| EOG RESOURCES INC | US | EOG | 60 | $6,437.40 |
| EQUINIX INC | US | EQIX | 134 | $99,903.70 |
| EQUITY COMMONWEALTH | US | EQC | 692 | $14,151.40 |
| EQUITY LIFESTYLE PROPERTIES | US | ELS | 437 | $27,605.29 |
| ESSEX PROPERTY TRUST INC | US | ESS | 39 | $8,426.34 |
| EVERGY INC | US | EVRG | 3,090 | $178,756.50 |
| EXTRA SPACE STORAGE INC | US | EXR | 42 | $6,059.34 |
| EXXON MOBIL CORP | US | XOM | 189 | $19,312.02 |
| FEDERAL NATL MTG ASSN 745932 6.50000 11/01/2036 | US | 3,981.67 | $4,238.44 | |
| FEDERAL NATL MTG ASSN 899735 6.50000 09/01/2037 | US | 3,143.8 | $3,346.93 | |
| FEDERAL NATL MTG ASSN 941175 6.00000 11/01/2037 | US | 1,481.47 | $1,566.06 | |
| FEDERAL NATL MTG ASSN 949709 6.50000 09/01/2037 | US | 12,533.93 | $13,343.78 | |
| FEDERAL NATL MTG ASSN 954580 6.00000 02/01/2038 | US | 7,731.39 | $8,172.85 | |
| FEDERAL NATL MTG ASSN 962276 6.00000 03/01/2038 | US | 2,049.46 | $2,166.56 | |
| FEDERAL NATL MTG ASSN 962981 6.00000 05/01/2038 | US | 4,699.65 | $4,968.18 | |
| FEDERAL NATL MTG ASSN 981635 5.00000 06/01/2038 | US | 2,032.11 | $2,069.23 | |
| FEDERAL NATL MTG ASSN 981650 5.00000 06/01/2038 | US | 1,572.56 | $1,601.29 | |
| FEDERAL NATL MTG ASSN AD0220 6.00000 10/01/2038 | US | 12,526.2 | $13,239.39 | |
| FEDERAL NATL MTG ASSN AH5442 4.50000 05/01/2041 | US | 91,400.37 | $90,597.92 | |
| FEDERAL NATL MTG ASSN AI5316 4.50000 07/01/2041 | US | 27,669.66 | $27,426.73 | |
| FEDERAL NATL MTG ASSN AL6624 4.50000 09/01/2042 | US | 31,980.23 | $31,699.46 | |
| FEDERAL NATL MTG ASSN AL8674 FLT 5.64500 01/01/2049 | US | 272,812.95 | $284,709.37 | |
| FEDERAL NATL MTG ASSN AS4103 4.50000 12/01/2044 | US | 271,373.45 | $268,910.96 | |
| FEDERAL NATL MTG ASSN BC8677 4.00000 05/01/2046 | US | 117,526.02 | $112,681.45 | |
| FEDERAL NATL MTG ASSN BK0433 3.50000 12/01/2049 | US | 686,995.16 | $636,099.56 | |
| FEDERAL NATL MTG ASSN BW1194 4.00000 09/01/2052 | US | 337,312.66 | $318,437.98 | |
| FEDERAL NATL MTG ASSN FN FS1179 3.50000 12/01/2049 | US | 636,576.78 | $591,805.72 | |
| FEDERAL NATL MTG ASSN FN MA3184 4.50000 11/01/2047 | US | 109,086.97 | $107,381.19 | |
| FEDERAL NATL MTG ASSN FN MA3412 3.50000 07/01/2038 | US | 58,607.82 | $55,487.50 | |
| FEDERAL NATL MTG ASSN FN MA4687 4.00000 06/01/2042 | US | 678,921.44 | $649,269.25 | |
| FEDERAL NATL MTG ASSN FS2998 3.50000 04/01/2052 | US | 657,814.63 | $609,080.85 | |
| FEDERAL NATL MTG ASSN MA0258 4.50000 12/01/2039 | US | 5,527.25 | $5,487.44 | |
| FEDERAL NATL MTG ASSN MA1834 4.50000 02/01/2034 | US | 77,389.78 | $76,909.90 | |
| FEDERAL NATL MTG ASSN MA1903 4.50000 05/01/2034 | US | 61,892.24 | $61,508.46 | |
| FEDERAL NATL MTG ASSN MA4600 3.50000 05/01/2052 | US | 711,747.78 | $652,917.33 | |
| FEDERAL NATL MTG ASSN MA4644 4.00000 05/01/2052 | US | 695,363.66 | $656,453.86 | |
| FEDERAL NATL MTG ASSN MA5043 5.00000 06/01/2038 | US | 650,000 | $648,361.74 | |
| FEDERAL NATL MTG ASSN SD8044 3.00000 02/01/2050 | US | 670,888.54 | $599,248.75 | |
| FEDERAL NATL MTG ASSN SD8276 5.00000 12/01/2052 | US | 435,518.14 | $428,637.23 | |
| FEDERAL NATL MTG FN MA4203 2.50000 12/01/2040 | US | 769,616.51 | $679,179.50 | |
| FEDEX CORPORATION | US | FDX | 23 | $5,013.54 |
| FHLM GOLD POOL FG G08786 4.50000 10/01/2047 | US | 119,541.09 | $117,806.07 | |
| FHLM GOLD POOL FG Q51334 4.00000 10/01/2047 | US | 95,979.49 | $92,012.24 | |
| FHLM POOL C91746 4.50000 12/01/2033 | US | 14,766.4 | $14,692.86 | |
| FHLM POOL FG G08734 4.00000 11/01/2046 | US | 13,629.74 | $13,082.75 | |
| FHLM POOL G05906 6.00000 04/01/2040 | US | 4,262.33 | $4,510.61 | |
| FHLM POOL G06789 6.00000 05/01/2040 | US | 55,635.61 | $58,876.32 | |
| FHLM POOL G13331 5.50000 10/01/2023 | US | 283.22 | $282.13 | |
| FHLM POOL Q93451 4.50000 08/01/2040 | US | 166,667.13 | $165,456.87 | |
| FHLM POOL SD8230 4.50000 06/01/2052 | US | 679,287.02 | $656,698.32 | |
| FIFTH THIRD BANCORP | US | FITB | 119 | $2,888.13 |
| FINECOBANK SPA | IT | FBK IM | 1,710 | $22,842.47 |
| FLAGSHIP COMMUNITIES REIT UT | US | MHC/U CN | 768 | $11,566.08 |
| FLX 2021-1A A2 3.25000 11/27/2051 | US | 670,000 | $593,620.00 | |
| FMC CORP | US | FMC | 2,931 | $305,058.48 |
| FN MA4807 MTGE 5.50000 11/01/2052 | US | 599,050.44 | $598,389.21 | |
| FN MA4868 MTGE 5.00000 01/01/2053 | US | 313,031.43 | $308,086.27 | |
| FN MA4934 MTGE 5.00000 02/01/2043 | US | 878,074.09 | $869,871.32 | |
| FNR 2018-31 KP 3.50000 07/25/2047 | US | 9,395.13 | $9,082.26 | |
| FONTAINEBLEAU MIAMI BEACH TRUST 3.14400 12/10/2036 | US | 470,000 | $446,130.22 | |
| FREDDIE MAC POOL RB5167 3.50000 07/01/2042 | US | 645,117.43 | $601,373.22 | |
| FREDDIE MAC POOL RB5188 4.00000 10/01/2042 | US | 648,216.17 | $619,914.75 | |
| GENERAL DYNAMICS CORP | US | GD | 35 | $7,146.30 |
| GENERAL MLS INC | US | GIS | 86 | $7,237.76 |
| GENUINE PARTS CO | US | GPC | 27 | $4,021.11 |
| GETTY REALTY CORP | US | GTY | 577 | $19,773.79 |
| GILEAD SCIENCES INC | US | GILD | 142 | $10,925.48 |
| GNMA POOL 660997 5.50000 05/15/2037 | US | 18,636 | $19,231.01 | |
| GNR 2017-54 AH MTGE 2.60000 12/16/2056 | US | 71,347.24 | $65,376.55 | |
| GOLDEN PEAR FUND HOLDCO 10.00000 03/02/2028 | US | 50,000 | $46,756.79 | |
| GREENIDGE GEN HLD INC | US | 2,600 | $12,350.00 | |
| GSMBS 2021-INV1 A9 5.00000 12/25/2051 | US | 387,679.7 | $358,678.58 | |
| GSMBS 2021-PJ6 A8 2.50000 11/25/2051 | US | 767,508.86 | $661,876.50 | |
| GSMBS 2021-PJ9 A8 2.50000 02/26/2052 | US | 292,568.43 | $252,182.07 | |
| HALLIBURTON CO | US | HAL | 107 | $3,065.55 |
| HARTFORD FINL SVCS | US | HIG | 40 | $2,740.80 |
| HAWAII ST 2.68200 10/01/2038 | US | 380,000 | $288,481.24 | |
| HDFC BANK LTD-ADR | IN | HDB | 438 | $28,207.20 |
| HEALTHCARE REALTY TRUST INC | US | HR | 1,310 | $24,379.10 |
| HEINEKEN NV | NL | HEIA NA | 328 | $33,186.54 |
| HEINEKEN NV-SPN ADR | NL | HEINY | 4,138 | $209,134.52 |
| HELIOS TOWERS PLC | GB | HTWS LN | 7,446 | $8,387.13 |
| HOME DEPOT INC | US | HD | 78 | $22,109.10 |
| HONEYWELL INTERNATIONAL INC | US | HON | 70 | $13,412.00 |
| HOTWIRE FUNDING LLC 5.68700 05/20/2053 | US | 500,000 | $497,250.80 | |
| HUNTINGTON BANCSHARES | US | HBAN | 200 | $2,062.00 |
| IDEXX LABORATORIES INC | US | IDXX | 487 | $226,342.99 |
| IMCD NV | NL | IMCD NA | 75 | $11,305.33 |
| IMPRL 2021-NQM3 1.59500 11/25/2056 | US | 351,908.76 | $295,312.39 | |
| INTERCONTINENTALEXCHANGE INC | US | ICE | 1,457 | $154,369.15 |
| INTERMEDIATE CAPITAL GROUP | GB | ICP LN | 767 | $13,312.73 |
| INTERNATIONAL BUSINESS MACH CORP | US | IBM | 67 | $8,615.53 |
| INTERNATIONAL FLVRS & FRAGRANCES | US | IFF | 38 | $2,937.02 |
| INTUIT INC | US | INTU | 358 | $150,044.96 |
| INTUITIVE SURGICAL INC | US | ISRG | 536 | $165,002.24 |
| INVITATION HOMES INC | US | INVH | 763 | $25,850.44 |
| ITALY GOV'T INT BOND 2.37500 10/17/2024 | IT | 100,000 | $95,643.83 | |
| JM SMUCKER CO/THE-NEW COM WI | US | SJM | 22 | $3,224.98 |
| JOHNSON & JOHNSON | US | JNJ | 3,257 | $505,030.42 |
| JP MORGAN CHASE & CO | US | JPM | 181 | $24,563.51 |
| JPMMT 2014-2 1A1 3.00000 06/25/2029 | US | 73,998.36 | $69,942.11 | |
| JPMORGAN CHASE & CO 4.49300 03/24/2031 | US | 920,000 | $888,073.10 | |
| KELLOGG CO | US | K | 43 | $2,871.11 |
| KEYWORDS STUDIOS PLC | IE | KWS LN | 322 | $7,790.73 |
| KIMBERLY CLARK DE MEXICO S.A.B. | MX | KIMBERA MM | 16,200 | $33,107.02 |
| KRAFT HEINZ CO/THE | US | KHC | 120 | $4,586.40 |
| L'OREAL | FR | OR FP | 15 | $6,422.19 |
| L3HARRIS TECHNOLOGIES INC | US | LHX | 1,145 | $201,428.40 |
| LEXINGTON REALTY TRUST | US | LXP | 1,719 | $17,774.46 |
| LIFE STORAGE INC | US | LSI | 174 | $22,165.86 |
| LINDE PLC | IE | LIN | 52 | $18,390.32 |
| LOCKHEED MARTIN CORP | US | LMT | 27 | $11,988.27 |
| LULULEMON - ADR | CA | LULU | 68 | $22,571.24 |
| MARATHON OIL CORP | US | MRO | 90 | $1,994.40 |
| MARATHON PETROLEUM CORP | US | MPC | 56 | $5,874.96 |
| MASCO CORP | US | MAS | 6,458 | $312,050.56 |
| MASTERCARD INC-CLASS A | US | MA | 1,615 | $589,507.30 |
| MEDTRONIC INC | IE | MDT | 4,370 | $361,661.20 |
| MERCADOLIBRE INC | BR | MELI | 17 | $21,063.00 |
| MERCK & CO INC | US | MRK | 202 | $22,302.82 |
| META PLATFORMS INC | US | META | 1,861 | $492,643.92 |
| MEX BONOS DESARR FIX RT 7.75000 05/29/2031 | MX | 350,000 | $18,591.92 | |
| MICROCHIP TECHNOLOGY INC | US | MCHP | 69 | $5,192.94 |
| MICRON TECHNOLOGY INC | US | MU | 7,677 | $523,571.40 |
| MICROSOFT CORP | US | MSFT | 1,064 | $349,406.96 |
| MID-AMERICA APARTMENT COMM | US | MAA | 147 | $21,617.82 |
| MONARCH CASINO & RESORT INC | US | MCRI | 135 | $8,760.15 |
| MONDELEZ INTERNATIONAL INC | US | MDLZ | 4,428 | $325,059.48 |
| MOODY'S CORPORATION | US | MCO | 926 | $293,430.88 |
| NAVIENT CORP 6.75000 06/25/2025 | US | 95,000 | $92,438.83 | |
| NESTLE S.A. - ADR | CH | NSRGY | 1,836 | $217,988.28 |
| NESTLE SA-REGISTERED | CH | NESN SW | 323 | $38,287.23 |
| NETAPP INC | US | NTAP | 45 | $2,985.75 |
| NEWCASTLE COAL INFRASTRU 4.40000 09/29/2027 | AU | 430,000 | $386,837.74 | |
| NEWMONT GOLDCORP CORP | US | NEM | 1,477 | $59,892.35 |
| NIKE INC CLASS B | US | NKE | 1,274 | $134,101.24 |
| NORFOLK SOUTHN CORP | US | NSC | 27 | $5,620.86 |
| NORTHROP GRUMMAN CORP | US | NOC | 519 | $226,019.31 |
| NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 | CA | 135,000 | $13.50 | |
| NOVARTIS AG- REG | CH | NVS | 1,954 | $188,072.50 |
| NRZT 2014-3A AFX3 3.75000 11/25/2054 | US | 124,270.53 | $113,642.34 | |
| NRZT 2015-2A A1 3.75000 08/25/2055 | US | 137,011.65 | $127,961.78 | |
| NRZT 2016-4A A1 3.75000 11/25/2056 | US | 189,857.19 | $174,664.02 | |
| OASIS 2023-1A 7.00000 02/15/2035 | US | 299,099.99 | $296,760.55 | |
| ODFJELL DRILLING LTD 9.25000 05/31/2028 | BM | 200,000 | $201,000.00 | |
| OMNICOM GROUP | US | OMC | 41 | $3,615.79 |
| OXFIN 2019-1A A2 4.45900 02/15/2027 | US | 185,218.74 | $183,757.90 | |
| OXFIN 2020-1A A2 3.10100 02/15/2028 | US | 109,347.74 | $108,311.12 | |
| OXFIN 2022-1A 3.60200 02/15/2030 | US | 575,000 | $528,232.61 | |
| OXFIN 2023-1A A2 6.71600 02/15/2031 | US | 440,000 | $436,570.16 | |
| PACKAGING CORP OF AMERICA | US | PKG | 19 | $2,356.57 |
| PARAMOUNT GLOBAL CLASS B | US | PARA | 113 | $1,718.73 |
| PEAR 2021-1 A MTGE 2.60000 01/15/2034 | US | 538,319.62 | $508,215.93 | |
| PEAR 2022-1 A1 6.50000 10/15/2034 | US | 125,237.08 | $125,038.03 | |
| PELORUS FUND REIT 7.00000 09/30/2026 | US | 105,000 | $98,368.99 | |
| PEPSICO INC 3.90000 07/18/2032 | US | 710,000 | $685,717.22 | |
| PFIZER INC | US | PFE | 381 | $14,485.62 |
| PFMT 2021 -INV1 A1 2.50000 08/25/2051 | US | 611,532.9 | $493,422.17 | |
| PFMT 2021-2 A2A 2.00000 04/25/2051 | US | 380,559.08 | $323,631.51 | |
| PHILLIPS 66 | US | PSX | 44 | $4,030.84 |
| POPULAR INC 6.12500 09/14/2023 | PR | 90,000 | $89,550.00 | |
| PPG INDUSTRIES INC | US | PPG | 31 | $4,069.99 |
| PROLOGIS | US | PLD | 933 | $116,205.15 |
| PUBLIC STORAGE INC | US | PSA | 140 | $39,662.00 |
| QUALCOMM 5.40000 05/20/2033 | US | 640,000 | $669,241.36 | |
| QUALCOMM INC | US | QCOM | 113 | $12,815.33 |
| QUEST DIAGNOSTICS INC | US | DGX | 24 | $3,183.60 |
| RAYTHEON TECHNOLOGIES CORP | US | RTX | 102 | $9,398.28 |
| RCKT 2021-6 A1 2.50000 12/25/2051 | US | 384,221.94 | $310,029.64 | |
| REALTY INCOME CORP | US | O | 369 | $21,933.36 |
| REGIONS FINANCIAL CORP. | US | RF | 180 | $3,108.60 |
| RENAISSANCERE HOLDINGS LTD | BM | RNR | 113 | $21,285.81 |
| RENTOKIL INITIAL PLC | GB | RTO LN | 3,414 | $27,156.93 |
| RENTOKIL INITIAL PLC-SP ADR | GB | RTO | 4,008 | $159,237.84 |
| RESTAURANT BRANDS INTERN | CA | QSR | 264 | $19,248.24 |
| REXFORD INDUSTRIAL REALITY IN | US | REXR | 475 | $25,859.00 |
| S&P GLOBAL INC | US | SPGI | 322 | $118,312.46 |
| SALESFORCE INC | US | CRM | 821 | $183,394.98 |
| SBA COMMUNICATIONS CORP | US | SBAC | 145 | $32,158.10 |
| SBA TOWER TRUST 6.59900 01/15/2028 | US | 515,000 | $532,936.01 | |
| SCHLUMBERGER LTD | NL | SLB | 126 | $5,396.58 |
| SEMT 2013-2 1.87400 02/25/2043 | US | 59,648.82 | $51,964.32 | |
| SEMT 2013-6 A2 3.00000 05/25/2043 | US | 104,835.49 | $90,282.24 | |
| SEMT 2013-7 A2 3.00000 06/25/2043 | US | 67,133.98 | $59,353.80 | |
| SEMT 2013-8 A1 3.00000 06/25/2043 | US | 79,052.39 | $70,200.78 | |
| SERVICENOW INC | US | NOW | 689 | $375,353.42 |
| SIMON PROPERTY GROUP LP 2.65000 02/01/2032 | US | 1,230,000 | $999,418.58 | |
| SKYWORKS SOLUTIONS INC | US | SWKS | 27 | $2,794.77 |
| SLMA 2006-10 A6 FLT 5.40514 03/25/2044 | US | 83,470.79 | $79,199.76 | |
| SMB 2015 B A3 6.85743 05/17/2032 | US | 126,621.62 | $126,609.53 | |
| SMB 2019-B A2A 2.84000 06/15/2037 | US | 390,754.81 | $360,772.69 | |
| SMB 2020-BA A1A 1.29000 07/15/2053 | US | 308,755.42 | $269,779.86 | |
| SOFI 2018-B A2FX MTGE 3.34000 08/25/2047 | US | 51,454.69 | $49,754.85 | |
| SONY CORP FIRST SECTION | JP | 6758 JP | 400 | $37,512.15 |
| SORT 2020-1 A1 MTGE 1.69000 07/15/2060 | US | 337,294.5 | $304,622.30 | |
| SORT 2020-1 A2 1.99000 07/15/2060 | US | 267,758.92 | $225,093.70 | |
| SOUTH CAROLINA ST PUBLIC SVC 1.85200 12/01/2026 | US | 290,000 | $259,653.79 | |
| SRPT 2014-STAR A FLTG RATE 6.57800 11/15/2027 | US | 886,341.61 | $647,016.99 | |
| STAG INDUSTRIAL INC | US | STAG | 340 | $11,832.00 |
| STR 2019-1 A1 MTGE 2.82000 11/20/2049 | US | 285,400.3 | $259,321.93 | |
| SUN COMMUNITIES | US | SUI | 282 | $35,709.66 |
| SYNCHRONOSS TECH | US | 4,021 | $74,388.50 | |
| SYSCO CORP | US | SYY | 54 | $3,777.30 |
| TAIWAN SEMICONDUCTOR - SP ADR | TW | TSM | 3,293 | $324,656.87 |
| TE CONNECTIVITY LIMITED | CH | TEL | 40 | $4,899.20 |
| TECHTRONIC INDUSTRIES CO LTD | HK | 669 HK | 2,000 | $18,521.65 |
| TENCENT HOLDINGS 3.97500 04/11/2029 | KY | 1,560,000 | $1,470,042.71 | |
| TENCENT HOLDINGS LTD | CN | 700 HK | 700 | $27,702.04 |
| TERRENO REALTY CORP | US | TRNO | 393 | $24,102.69 |
| TEXAS INSTRUMENTS INC | US | TXN | 72 | $12,519.36 |
| THERMO FISHER SCIENTIFIC INC | US | TMO | 309 | $157,114.14 |
| TPMT 2016-5 A1 2.50000 10/25/2056 | US | 60,419.3 | $59,350.60 | |
| TPMT 2017-1 A1 2.75000 10/25/2056 | US | 23,679.57 | $23,284.27 | |
| TPMT 2019-HY1 A1 6.13800 10/25/2048 | US | 78,682.87 | $77,982.07 | |
| TRAVELLERS COS INC | US | TRV | 35 | $5,923.40 |
| TREASURY BILL 0.00000 05/16/2024 | US | 4,600,000 | $4,379,644.87 | |
| TREASURY NOTE 2.25000 11/15/2027 | US | 5,690,000 | $5,322,372.68 | |
| TRUIST FINANCIAL CORP | US | TFC | 133 | $4,052.51 |
| TYSON FOODS INC -CL A | US | TSN | 55 | $2,785.20 |
| U.S. BANCORP | US | USB | 179 | $5,352.10 |
| UDR INC | US | UDR | 654 | $25,944.18 |
| UNILEVER PLC - ADR | GB | UL | 8,080 | $403,515.20 |
| UNION PAC CORP | US | UNP | 871 | $167,684.92 |
| UNITED AIR 2018-1 B PTT 4.60000 03/01/2026 | US | 20,478 | $19,273.86 | |
| UNITED AIR 2019-2 B PTT 3.50000 05/01/2028 | US | 91,698.1 | $82,707.38 | |
| UNITED PARCEL SERVICE | US | UPS | 67 | $11,189.00 |
| US TEASURY NOTE 1.75000 11/15/2029 | US | 5,790,000 | $5,160,789.87 | |
| US TREASURY N/B 1.37500 11/15/2031 | US | 2,055,000 | $1,717,851.56 | |
| US TREASURY N/B 2.00000 11/15/2026 | US | 5,535,000 | $5,185,170.73 | |
| US TREASURY N/B 2.25000 11/15/2025 | US | 5,475,000 | $5,226,058.59 | |
| US TREASURY N/B 3.12500 11/15/2028 | US | 5,405,000 | $5,229,759.79 | |
| VALERO ENERGY | US | VLO | 35 | $3,746.40 |
| VENTAS INC | US | VTR | 294 | $12,683.16 |
| VERTEX PHARMACEUTICALS INC | US | VRTX | 624 | $201,907.68 |
| VISA INC - CLASS A SHARES | US | V | 1,729 | $382,160.87 |
| VISTRA OPERATIONS 4.87500 05/13/2024 | US | 605,000 | $596,333.38 | |
| VISTRA OPERATIONS CO LLC 3.55000 07/15/2024 | US | 175,000 | $169,275.25 | |
| WARNERMEDIA HOLDINGS INC 4.05400 03/15/2029 | US | 970,000 | $886,322.96 | |
| WELLS FARGO COMPANY | US | WFC | 254 | $10,111.74 |
| WELLTOWER INC. | US | WELL | 288 | $21,487.68 |
| WIN 2015-1 A1 3.50000 01/20/2045 | US | 42,524.49 | $38,774.41 |
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 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
$14.39
Daily $ Change
-$0.05
Daily % Change
-$0.35
as of 06/07/2023
CUSIP
302027123
Inception Date
10/15/2013
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.
YTD
4.04%
1 Year
0.28%
3 Year
2.37%
5 Year
4.09%
10 Year
3.84%
Inception
(10/15/2013)
5.47%
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.
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.
Expense Ratio
| Gross | 0.51% |
| Net | 0.49%* |
*Reflects the Trustee’s contractual agreement to limit fees and voluntary agreement to reimburse certain expenses.
| TREASURY NOTES | 32.90% |
| GOVERNMENT AGENCY | 13.93% |
| TREASURY BILLS | 5.18% |
| TENCENT HOLDINGS 3.97500 04/11/2029 | 1.74% |
| SIMON PROPERTY GROUP LP 2.65000 02/01/2032 | 1.18% |
| JPMORGAN CHASE & CO 4.49300 03/24/2031 | 1.05% |
| WARNERMEDIA HOLDINGS INC 4.05400 03/15/2029 | 1.05% |
| ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 | 1.01% |
| AMAZON.COM INC 3.30000 04/13/2027 | 0.89% |
| ALIBABA GROUP HOLDING 4.00000 12/06/2037 | 0.81% |
This investment list is unaudited and excludes cash.
| Bonds | 79.21% | |
| Stocks | 17.06% | |
| Cash | 3.73% |
| International Equities | 4.47% | |
| Small Capitalization | 0.23% | |
| Mid Capitalization | 1.80% | |
| Large Capitalization | 10.55% | |
| Long Term Fixed Income | 12.46% | |
| Intermediate Term Fixed Income | 54.27% | |
| Short Term Fixed Income | 12.49% | |
| Cash | 3.73% |
Due to rounding, the sum of the detailed asset class allocation categories may not equal the asset allocation totals provided above.
| Security Description | Country | Ticker | Shares/Par | Market Value (USD) |
|---|---|---|---|---|
| 3M CO | US | MMM | 68 | $6,345.08 |
| ABBOTT LABORATORIES | US | ABT | 127 | $12,954.00 |
| ADMIRAL GROUP PLC | GB | AMIGY | 6,034 | $174,442.94 |
| ADMIRAL GROUP PLC | GB | ADM LN | 1,568 | $45,419.99 |
| ADYEN NV | NL | ADYEN NA | 8 | $13,102.74 |
| AERCAP IRELAND CAP/GLOBA 3.00000 10/29/2028 | IE | 420,000 | $364,121.94 | |
| AGREE REALTY CORP | US | ADC | 416 | $26,827.84 |
| AIR LIQUIDE | FR | AI FP | 207 | $34,683.42 |
| AIR LIQUIDE-ADR | FR | AIQUY | 6,720 | $225,254.40 |
| AIRBUS SE | FR | AIR FP | 175 | $22,981.93 |
| ALASKA AIR 2020-1 CL B 8.00000 08/15/2025 | US | 30,207 | $30,619.84 | |
| ALCON INC | CH | ALC | 2,825 | $218,626.75 |
| ALIBAB GROUP HOLDINGS 2.12500 02/09/2031 | KY | 210,000 | $172,494.73 | |
| ALIBABA GROUP HOLDING 4.00000 12/06/2037 | KY | 810,000 | $686,080.00 | |
| ALPHABET INC-CL A | US | GOOGL | 4,570 | $561,515.90 |
| AMAZON.COM INC | US | AMZN | 5,529 | $666,686.82 |
| AMAZON.COM INC 3.30000 04/13/2027 | US | 780,000 | $752,219.13 | |
| AMERICAN HOMES 4 RENT- A | US | AMH | 313 | $10,729.64 |
| AMERICAN TANKER INC 7.75000 07/02/2025 | US | 135,000 | $129,736.44 | |
| AMERICAN TOWER REIT INC | US | AMT | 105 | $19,366.20 |
| AMERICOLD REALTY TRUST | US | COLD | 900 | $26,370.00 |
| ANALOG DEVICES INC | US | ADI | 62 | $11,016.78 |
| APARTMENT INCOME REIT CO | US | AIRC | 303 | $10,511.07 |
| APPLIED MATERIALS INC | US | AMAT | 1,385 | $184,620.50 |
| ARCHER-DANIELS-MIDLAND CO | US | ADM | 75 | $5,298.75 |
| ASHTEAD CAPITAL INC 4.00000 05/01/2028 | US | 360,000 | $333,569.02 | |
| ASTRAZENECA | GB | AZN | 404 | $29,524.32 |
| ATLASSIAN CORP PLC-CLASS A | AU | TEAM | 78 | $14,101.62 |
| AUCKLAND INTL AIRPORT LTD | NZ | AIA NZ | 2,176 | $11,630.33 |
| AUTO TRADER GROUP PLC | GB | AUTO LN | 5,302 | $41,610.22 |
| AVALONBAY COMMUNITIES INC | US | AVB | 96 | $16,702.08 |
| AVANZA BANK HOLDING AB | SE | AZA SS | 773 | $16,051.24 |
| BAE SYSTEMS PLC | GB | BA/ LN | 3,424 | $39,573.04 |
| BAE SYSTEMS PLC -SPON ADR | GB | BAESY | 3,106 | $145,950.94 |
| BANK OF AMERICA CORP | US | BAC | 476 | $13,228.04 |
| BANK OF AMERICA CORP 2.68700 04/22/2032 | US | 650,000 | $536,913.62 | |
| BARRICK GOLD CORP | CA | GOLD | 6,170 | $104,149.60 |
| BAXTER INTERNATIONAL INC | US | BAX | 73 | $2,972.56 |
| BEIERSDORF AG | DE | BEI GR | 233 | $29,733.04 |
| BIOMARIN PHARMACEUTICAL INC | US | BMRN | 2,980 | $259,081.20 |
| BNSF FUNDING TRUST I 6.61300 12/15/2055 | US | 380,000 | $365,178.77 | |
| BRANDYWINE REALTY TRUST | US | BDN | 989 | $3,857.10 |
| BRISTOL MYERS SQUIBB CO | US | BMY | 193 | $12,436.92 |
| BROADCOM INC | US | AVGO | 24 | $19,391.04 |
| BROADRIDGE FINANCIAL SOLUTIONS | US | BR | 22 | $3,227.84 |
| BROOGE PETROLEUM AND GAS 8.50000 09/24/2025 | AE | 172,000 | $147,775.22 | |
| BUNGE LIMITED | US | BG | 29 | $2,686.56 |
| C.H. ROBINSON WORLDWIDE INC | US | CHRW | 29 | $2,741.66 |
| CAALT 2021-2A A 0.96000 02/15/2030 | US | 210,154.53 | $205,453.64 | |
| CALDERYS FINANCING LLC 11.25000 06/01/2028 | US | 80,000 | $81,044.00 | |
| CAMPBELL SOUP CO | US | CPB | 63 | $3,184.65 |
| CANADIAN NATIONAL RAILWAY CO | CA | CNI | 1,594 | $179,691.62 |
| CARETRUST REIT INC | US | CTRE | 828 | $16,063.20 |
| CATERPILLAR INC | US | CAT | 60 | $12,345.00 |
| CBOE GLOBAL MARKETS INC | US | CBOE | 1,144 | $151,488.48 |
| CBSLT 2019-AGS A1 MTGE 2.54000 01/25/2047 | US | 141,182.84 | $128,186.24 | |
| CELLNEX TELECOM SA | ES | CLNX SM | 794 | $32,177.23 |
| CELLNEX TELECOM SAU-UNSP ADR | ES | CLLNY | 918 | $18,561.96 |
| CENOVUS ENERGY INC 6.75000 11/15/2039 | CA | 396,000 | $414,552.19 | |
| CHEVRON CORP | US | CVX | 118 | $17,773.16 |
| CIM 2019-INV1 A1 4.00000 02/25/2049 | US | 11,543.57 | $11,191.89 | |
| CISCO SYSTEMS INC | US | CSCO | 351 | $17,434.17 |
| CITIGROUP INC | US | C | 214 | $9,484.48 |
| CITIGROUP INC 1.46200 06/09/2027 | US | 620,000 | $552,693.99 | |
| CLARK CNTY NV 1.51000 11/01/2028 | US | 800,000 | $685,526.86 | |
| CLEANAWAY WASTE MANAGEMENT | AU | CWY AU | 13,438 | $22,706.33 |
| COCA COLA CO/THE | US | KO | 3,747 | $223,546.02 |
| COGNIZANT TECH SOLUTIONS - A | US | CTSH | 59 | $3,686.91 |
| COLGATE-PALMOLIVE CO | US | CL | 104 | $7,735.52 |
| COLO 2021-2A A2 MTGE 2.40000 10/25/2051 | US | 410,000 | $357,790.12 | |
| COLO 2023 - 1A A2 MTGE 5.11600 02/25/2053 | US | 325,000 | $305,189.29 | |
| COMCAST CORP-CL A | US | CMCSA | 371 | $14,598.85 |
| COMMUNITY HEALTHCARE TRUST I | US | CHCT | 400 | $13,120.00 |
| CONAGRA BRAND INC. | US | CAG | 93 | $3,242.91 |
| CONOCOPHILLIPS | US | COP | 102 | $10,128.60 |
| COPART INC | US | CPRT | 2,054 | $179,909.86 |
| CORNING INC | US | GLW | 101 | $3,111.81 |
| COTERRA ENERGY INC | US | CTRA | 122 | $2,836.50 |
| COUSINS PROPERTIES INC | US | CUZ | 700 | $13,944.00 |
| CSMC 2013-IVR3 A1 2.50000 05/25/2043 | US | 109,258.89 | $93,836.25 | |
| CSMC 2013-TH1 A1 2.13000 02/25/2043 | US | 65,913.23 | $55,848.56 | |
| CSX CORP | US | CSX | 5,453 | $167,243.51 |
| CUMMINS INC | US | CMI | 25 | $5,110.25 |
| CVS HEALTH CORP | US | CVS | 99 | $6,734.97 |
| DANONE | FR | BN FP | 211 | $12,488.86 |
| DEUTSCHE BOERSE AG | DE | DB1 GR | 199 | $34,419.79 |
| DEUTSCHE BOERSE AG ADR | DE | DBOEY | 8,346 | $143,968.50 |
| DEVON ENERGY CORPORATION | US | DVN | 83 | $3,826.30 |
| DIAGEO PLC | GB | DGE LN | 616 | $25,608.69 |
| DIAMONDBACK ENERGY INC | US | FANG | 26 | $3,305.90 |
| DIGITAL REALTY TRUST INC | US | DLR | 84 | $8,606.64 |
| DOW INC | US | DOW | 87 | $4,243.86 |
| DREYFUS GVT CSH MANAGEMENT | US | 3,280,318.22 | $3,280,318.22 | |
| EBAY INC | US | EBAY | 80 | $3,403.20 |
| ELECTRONIC ARTS | US | EA | 3,154 | $403,712.00 |
| EMERSON ELEC CO | US | EMR | 81 | $6,292.08 |
| ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 | US | 860,000 | $857,805.54 | |
| EOG RESOURCES INC | US | EOG | 60 | $6,437.40 |
| EQUINIX INC | US | EQIX | 134 | $99,903.70 |
| EQUITY COMMONWEALTH | US | EQC | 692 | $14,151.40 |
| EQUITY LIFESTYLE PROPERTIES | US | ELS | 437 | $27,605.29 |
| ESSEX PROPERTY TRUST INC | US | ESS | 39 | $8,426.34 |
| EVERGY INC | US | EVRG | 3,090 | $178,756.50 |
| EXTRA SPACE STORAGE INC | US | EXR | 42 | $6,059.34 |
| EXXON MOBIL CORP | US | XOM | 189 | $19,312.02 |
| FEDERAL NATL MTG ASSN 745932 6.50000 11/01/2036 | US | 3,981.67 | $4,238.44 | |
| FEDERAL NATL MTG ASSN 899735 6.50000 09/01/2037 | US | 3,143.8 | $3,346.93 | |
| FEDERAL NATL MTG ASSN 941175 6.00000 11/01/2037 | US | 1,481.47 | $1,566.06 | |
| FEDERAL NATL MTG ASSN 949709 6.50000 09/01/2037 | US | 12,533.93 | $13,343.78 | |
| FEDERAL NATL MTG ASSN 954580 6.00000 02/01/2038 | US | 7,731.39 | $8,172.85 | |
| FEDERAL NATL MTG ASSN 962276 6.00000 03/01/2038 | US | 2,049.46 | $2,166.56 | |
| FEDERAL NATL MTG ASSN 962981 6.00000 05/01/2038 | US | 4,699.65 | $4,968.18 | |
| FEDERAL NATL MTG ASSN 981635 5.00000 06/01/2038 | US | 2,032.11 | $2,069.23 | |
| FEDERAL NATL MTG ASSN 981650 5.00000 06/01/2038 | US | 1,572.56 | $1,601.29 | |
| FEDERAL NATL MTG ASSN AD0220 6.00000 10/01/2038 | US | 12,526.2 | $13,239.39 | |
| FEDERAL NATL MTG ASSN AH5442 4.50000 05/01/2041 | US | 91,400.37 | $90,597.92 | |
| FEDERAL NATL MTG ASSN AI5316 4.50000 07/01/2041 | US | 27,669.66 | $27,426.73 | |
| FEDERAL NATL MTG ASSN AL6624 4.50000 09/01/2042 | US | 31,980.23 | $31,699.46 | |
| FEDERAL NATL MTG ASSN AL8674 FLT 5.64500 01/01/2049 | US | 272,812.95 | $284,709.37 | |
| FEDERAL NATL MTG ASSN AS4103 4.50000 12/01/2044 | US | 271,373.45 | $268,910.96 | |
| FEDERAL NATL MTG ASSN BC8677 4.00000 05/01/2046 | US | 117,526.02 | $112,681.45 | |
| FEDERAL NATL MTG ASSN BK0433 3.50000 12/01/2049 | US | 686,995.16 | $636,099.56 | |
| FEDERAL NATL MTG ASSN BW1194 4.00000 09/01/2052 | US | 337,312.66 | $318,437.98 | |
| FEDERAL NATL MTG ASSN FN FS1179 3.50000 12/01/2049 | US | 636,576.78 | $591,805.72 | |
| FEDERAL NATL MTG ASSN FN MA3184 4.50000 11/01/2047 | US | 109,086.97 | $107,381.19 | |
| FEDERAL NATL MTG ASSN FN MA3412 3.50000 07/01/2038 | US | 58,607.82 | $55,487.50 | |
| FEDERAL NATL MTG ASSN FN MA4687 4.00000 06/01/2042 | US | 678,921.44 | $649,269.25 | |
| FEDERAL NATL MTG ASSN FS2998 3.50000 04/01/2052 | US | 657,814.63 | $609,080.85 | |
| FEDERAL NATL MTG ASSN MA0258 4.50000 12/01/2039 | US | 5,527.25 | $5,487.44 | |
| FEDERAL NATL MTG ASSN MA1834 4.50000 02/01/2034 | US | 77,389.78 | $76,909.90 | |
| FEDERAL NATL MTG ASSN MA1903 4.50000 05/01/2034 | US | 61,892.24 | $61,508.46 | |
| FEDERAL NATL MTG ASSN MA4600 3.50000 05/01/2052 | US | 711,747.78 | $652,917.33 | |
| FEDERAL NATL MTG ASSN MA4644 4.00000 05/01/2052 | US | 695,363.66 | $656,453.86 | |
| FEDERAL NATL MTG ASSN MA5043 5.00000 06/01/2038 | US | 650,000 | $648,361.74 | |
| FEDERAL NATL MTG ASSN SD8044 3.00000 02/01/2050 | US | 670,888.54 | $599,248.75 | |
| FEDERAL NATL MTG ASSN SD8276 5.00000 12/01/2052 | US | 435,518.14 | $428,637.23 | |
| FEDERAL NATL MTG FN MA4203 2.50000 12/01/2040 | US | 769,616.51 | $679,179.50 | |
| FEDEX CORPORATION | US | FDX | 23 | $5,013.54 |
| FHLM GOLD POOL FG G08786 4.50000 10/01/2047 | US | 119,541.09 | $117,806.07 | |
| FHLM GOLD POOL FG Q51334 4.00000 10/01/2047 | US | 95,979.49 | $92,012.24 | |
| FHLM POOL C91746 4.50000 12/01/2033 | US | 14,766.4 | $14,692.86 | |
| FHLM POOL FG G08734 4.00000 11/01/2046 | US | 13,629.74 | $13,082.75 | |
| FHLM POOL G05906 6.00000 04/01/2040 | US | 4,262.33 | $4,510.61 | |
| FHLM POOL G06789 6.00000 05/01/2040 | US | 55,635.61 | $58,876.32 | |
| FHLM POOL G13331 5.50000 10/01/2023 | US | 283.22 | $282.13 | |
| FHLM POOL Q93451 4.50000 08/01/2040 | US | 166,667.13 | $165,456.87 | |
| FHLM POOL SD8230 4.50000 06/01/2052 | US | 679,287.02 | $656,698.32 | |
| FIFTH THIRD BANCORP | US | FITB | 119 | $2,888.13 |
| FINECOBANK SPA | IT | FBK IM | 1,710 | $22,842.47 |
| FLAGSHIP COMMUNITIES REIT UT | US | MHC/U CN | 768 | $11,566.08 |
| FLX 2021-1A A2 3.25000 11/27/2051 | US | 670,000 | $593,620.00 | |
| FMC CORP | US | FMC | 2,931 | $305,058.48 |
| FN MA4807 MTGE 5.50000 11/01/2052 | US | 599,050.44 | $598,389.21 | |
| FN MA4868 MTGE 5.00000 01/01/2053 | US | 313,031.43 | $308,086.27 | |
| FN MA4934 MTGE 5.00000 02/01/2043 | US | 878,074.09 | $869,871.32 | |
| FNR 2018-31 KP 3.50000 07/25/2047 | US | 9,395.13 | $9,082.26 | |
| FONTAINEBLEAU MIAMI BEACH TRUST 3.14400 12/10/2036 | US | 470,000 | $446,130.22 | |
| FREDDIE MAC POOL RB5167 3.50000 07/01/2042 | US | 645,117.43 | $601,373.22 | |
| FREDDIE MAC POOL RB5188 4.00000 10/01/2042 | US | 648,216.17 | $619,914.75 | |
| GENERAL DYNAMICS CORP | US | GD | 35 | $7,146.30 |
| GENERAL MLS INC | US | GIS | 86 | $7,237.76 |
| GENUINE PARTS CO | US | GPC | 27 | $4,021.11 |
| GETTY REALTY CORP | US | GTY | 577 | $19,773.79 |
| GILEAD SCIENCES INC | US | GILD | 142 | $10,925.48 |
| GNMA POOL 660997 5.50000 05/15/2037 | US | 18,636 | $19,231.01 | |
| GNR 2017-54 AH MTGE 2.60000 12/16/2056 | US | 71,347.24 | $65,376.55 | |
| GOLDEN PEAR FUND HOLDCO 10.00000 03/02/2028 | US | 50,000 | $46,756.79 | |
| GREENIDGE GEN HLD INC | US | 2,600 | $12,350.00 | |
| GSMBS 2021-INV1 A9 5.00000 12/25/2051 | US | 387,679.7 | $358,678.58 | |
| GSMBS 2021-PJ6 A8 2.50000 11/25/2051 | US | 767,508.86 | $661,876.50 | |
| GSMBS 2021-PJ9 A8 2.50000 02/26/2052 | US | 292,568.43 | $252,182.07 | |
| HALLIBURTON CO | US | HAL | 107 | $3,065.55 |
| HARTFORD FINL SVCS | US | HIG | 40 | $2,740.80 |
| HAWAII ST 2.68200 10/01/2038 | US | 380,000 | $288,481.24 | |
| HDFC BANK LTD-ADR | IN | HDB | 438 | $28,207.20 |
| HEALTHCARE REALTY TRUST INC | US | HR | 1,310 | $24,379.10 |
| HEINEKEN NV | NL | HEIA NA | 328 | $33,186.54 |
| HEINEKEN NV-SPN ADR | NL | HEINY | 4,138 | $209,134.52 |
| HELIOS TOWERS PLC | GB | HTWS LN | 7,446 | $8,387.13 |
| HOME DEPOT INC | US | HD | 78 | $22,109.10 |
| HONEYWELL INTERNATIONAL INC | US | HON | 70 | $13,412.00 |
| HOTWIRE FUNDING LLC 5.68700 05/20/2053 | US | 500,000 | $497,250.80 | |
| HUNTINGTON BANCSHARES | US | HBAN | 200 | $2,062.00 |
| IDEXX LABORATORIES INC | US | IDXX | 487 | $226,342.99 |
| IMCD NV | NL | IMCD NA | 75 | $11,305.33 |
| IMPRL 2021-NQM3 1.59500 11/25/2056 | US | 351,908.76 | $295,312.39 | |
| INTERCONTINENTALEXCHANGE INC | US | ICE | 1,457 | $154,369.15 |
| INTERMEDIATE CAPITAL GROUP | GB | ICP LN | 767 | $13,312.73 |
| INTERNATIONAL BUSINESS MACH CORP | US | IBM | 67 | $8,615.53 |
| INTERNATIONAL FLVRS & FRAGRANCES | US | IFF | 38 | $2,937.02 |
| INTUIT INC | US | INTU | 358 | $150,044.96 |
| INTUITIVE SURGICAL INC | US | ISRG | 536 | $165,002.24 |
| INVITATION HOMES INC | US | INVH | 763 | $25,850.44 |
| ITALY GOV'T INT BOND 2.37500 10/17/2024 | IT | 100,000 | $95,643.83 | |
| JM SMUCKER CO/THE-NEW COM WI | US | SJM | 22 | $3,224.98 |
| JOHNSON & JOHNSON | US | JNJ | 3,257 | $505,030.42 |
| JP MORGAN CHASE & CO | US | JPM | 181 | $24,563.51 |
| JPMMT 2014-2 1A1 3.00000 06/25/2029 | US | 73,998.36 | $69,942.11 | |
| JPMORGAN CHASE & CO 4.49300 03/24/2031 | US | 920,000 | $888,073.10 | |
| KELLOGG CO | US | K | 43 | $2,871.11 |
| KEYWORDS STUDIOS PLC | IE | KWS LN | 322 | $7,790.73 |
| KIMBERLY CLARK DE MEXICO S.A.B. | MX | KIMBERA MM | 16,200 | $33,107.02 |
| KRAFT HEINZ CO/THE | US | KHC | 120 | $4,586.40 |
| L'OREAL | FR | OR FP | 15 | $6,422.19 |
| L3HARRIS TECHNOLOGIES INC | US | LHX | 1,145 | $201,428.40 |
| LEXINGTON REALTY TRUST | US | LXP | 1,719 | $17,774.46 |
| LIFE STORAGE INC | US | LSI | 174 | $22,165.86 |
| LINDE PLC | IE | LIN | 52 | $18,390.32 |
| LOCKHEED MARTIN CORP | US | LMT | 27 | $11,988.27 |
| LULULEMON - ADR | CA | LULU | 68 | $22,571.24 |
| MARATHON OIL CORP | US | MRO | 90 | $1,994.40 |
| MARATHON PETROLEUM CORP | US | MPC | 56 | $5,874.96 |
| MASCO CORP | US | MAS | 6,458 | $312,050.56 |
| MASTERCARD INC-CLASS A | US | MA | 1,615 | $589,507.30 |
| MEDTRONIC INC | IE | MDT | 4,370 | $361,661.20 |
| MERCADOLIBRE INC | BR | MELI | 17 | $21,063.00 |
| MERCK & CO INC | US | MRK | 202 | $22,302.82 |
| META PLATFORMS INC | US | META | 1,861 | $492,643.92 |
| MEX BONOS DESARR FIX RT 7.75000 05/29/2031 | MX | 350,000 | $18,591.92 | |
| MICROCHIP TECHNOLOGY INC | US | MCHP | 69 | $5,192.94 |
| MICRON TECHNOLOGY INC | US | MU | 7,677 | $523,571.40 |
| MICROSOFT CORP | US | MSFT | 1,064 | $349,406.96 |
| MID-AMERICA APARTMENT COMM | US | MAA | 147 | $21,617.82 |
| MONARCH CASINO & RESORT INC | US | MCRI | 135 | $8,760.15 |
| MONDELEZ INTERNATIONAL INC | US | MDLZ | 4,428 | $325,059.48 |
| MOODY'S CORPORATION | US | MCO | 926 | $293,430.88 |
| NAVIENT CORP 6.75000 06/25/2025 | US | 95,000 | $92,438.83 | |
| NESTLE S.A. - ADR | CH | NSRGY | 1,836 | $217,988.28 |
| NESTLE SA-REGISTERED | CH | NESN SW | 323 | $38,287.23 |
| NETAPP INC | US | NTAP | 45 | $2,985.75 |
| NEWCASTLE COAL INFRASTRU 4.40000 09/29/2027 | AU | 430,000 | $386,837.74 | |
| NEWMONT GOLDCORP CORP | US | NEM | 1,477 | $59,892.35 |
| NIKE INC CLASS B | US | NKE | 1,274 | $134,101.24 |
| NORFOLK SOUTHN CORP | US | NSC | 27 | $5,620.86 |
| NORTHROP GRUMMAN CORP | US | NOC | 519 | $226,019.31 |
| NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 | CA | 135,000 | $13.50 | |
| NOVARTIS AG- REG | CH | NVS | 1,954 | $188,072.50 |
| NRZT 2014-3A AFX3 3.75000 11/25/2054 | US | 124,270.53 | $113,642.34 | |
| NRZT 2015-2A A1 3.75000 08/25/2055 | US | 137,011.65 | $127,961.78 | |
| NRZT 2016-4A A1 3.75000 11/25/2056 | US | 189,857.19 | $174,664.02 | |
| OASIS 2023-1A 7.00000 02/15/2035 | US | 299,099.99 | $296,760.55 | |
| ODFJELL DRILLING LTD 9.25000 05/31/2028 | BM | 200,000 | $201,000.00 | |
| OMNICOM GROUP | US | OMC | 41 | $3,615.79 |
| OXFIN 2019-1A A2 4.45900 02/15/2027 | US | 185,218.74 | $183,757.90 | |
| OXFIN 2020-1A A2 3.10100 02/15/2028 | US | 109,347.74 | $108,311.12 | |
| OXFIN 2022-1A 3.60200 02/15/2030 | US | 575,000 | $528,232.61 | |
| OXFIN 2023-1A A2 6.71600 02/15/2031 | US | 440,000 | $436,570.16 | |
| PACKAGING CORP OF AMERICA | US | PKG | 19 | $2,356.57 |
| PARAMOUNT GLOBAL CLASS B | US | PARA | 113 | $1,718.73 |
| PEAR 2021-1 A MTGE 2.60000 01/15/2034 | US | 538,319.62 | $508,215.93 | |
| PEAR 2022-1 A1 6.50000 10/15/2034 | US | 125,237.08 | $125,038.03 | |
| PELORUS FUND REIT 7.00000 09/30/2026 | US | 105,000 | $98,368.99 | |
| PEPSICO INC 3.90000 07/18/2032 | US | 710,000 | $685,717.22 | |
| PFIZER INC | US | PFE | 381 | $14,485.62 |
| PFMT 2021 -INV1 A1 2.50000 08/25/2051 | US | 611,532.9 | $493,422.17 | |
| PFMT 2021-2 A2A 2.00000 04/25/2051 | US | 380,559.08 | $323,631.51 | |
| PHILLIPS 66 | US | PSX | 44 | $4,030.84 |
| POPULAR INC 6.12500 09/14/2023 | PR | 90,000 | $89,550.00 | |
| PPG INDUSTRIES INC | US | PPG | 31 | $4,069.99 |
| PROLOGIS | US | PLD | 933 | $116,205.15 |
| PUBLIC STORAGE INC | US | PSA | 140 | $39,662.00 |
| QUALCOMM 5.40000 05/20/2033 | US | 640,000 | $669,241.36 | |
| QUALCOMM INC | US | QCOM | 113 | $12,815.33 |
| QUEST DIAGNOSTICS INC | US | DGX | 24 | $3,183.60 |
| RAYTHEON TECHNOLOGIES CORP | US | RTX | 102 | $9,398.28 |
| RCKT 2021-6 A1 2.50000 12/25/2051 | US | 384,221.94 | $310,029.64 | |
| REALTY INCOME CORP | US | O | 369 | $21,933.36 |
| REGIONS FINANCIAL CORP. | US | RF | 180 | $3,108.60 |
| RENAISSANCERE HOLDINGS LTD | BM | RNR | 113 | $21,285.81 |
| RENTOKIL INITIAL PLC | GB | RTO LN | 3,414 | $27,156.93 |
| RENTOKIL INITIAL PLC-SP ADR | GB | RTO | 4,008 | $159,237.84 |
| RESTAURANT BRANDS INTERN | CA | QSR | 264 | $19,248.24 |
| REXFORD INDUSTRIAL REALITY IN | US | REXR | 475 | $25,859.00 |
| S&P GLOBAL INC | US | SPGI | 322 | $118,312.46 |
| SALESFORCE INC | US | CRM | 821 | $183,394.98 |
| SBA COMMUNICATIONS CORP | US | SBAC | 145 | $32,158.10 |
| SBA TOWER TRUST 6.59900 01/15/2028 | US | 515,000 | $532,936.01 | |
| SCHLUMBERGER LTD | NL | SLB | 126 | $5,396.58 |
| SEMT 2013-2 1.87400 02/25/2043 | US | 59,648.82 | $51,964.32 | |
| SEMT 2013-6 A2 3.00000 05/25/2043 | US | 104,835.49 | $90,282.24 | |
| SEMT 2013-7 A2 3.00000 06/25/2043 | US | 67,133.98 | $59,353.80 | |
| SEMT 2013-8 A1 3.00000 06/25/2043 | US | 79,052.39 | $70,200.78 | |
| SERVICENOW INC | US | NOW | 689 | $375,353.42 |
| SIMON PROPERTY GROUP LP 2.65000 02/01/2032 | US | 1,230,000 | $999,418.58 | |
| SKYWORKS SOLUTIONS INC | US | SWKS | 27 | $2,794.77 |
| SLMA 2006-10 A6 FLT 5.40514 03/25/2044 | US | 83,470.79 | $79,199.76 | |
| SMB 2015 B A3 6.85743 05/17/2032 | US | 126,621.62 | $126,609.53 | |
| SMB 2019-B A2A 2.84000 06/15/2037 | US | 390,754.81 | $360,772.69 | |
| SMB 2020-BA A1A 1.29000 07/15/2053 | US | 308,755.42 | $269,779.86 | |
| SOFI 2018-B A2FX MTGE 3.34000 08/25/2047 | US | 51,454.69 | $49,754.85 | |
| SONY CORP FIRST SECTION | JP | 6758 JP | 400 | $37,512.15 |
| SORT 2020-1 A1 MTGE 1.69000 07/15/2060 | US | 337,294.5 | $304,622.30 | |
| SORT 2020-1 A2 1.99000 07/15/2060 | US | 267,758.92 | $225,093.70 | |
| SOUTH CAROLINA ST PUBLIC SVC 1.85200 12/01/2026 | US | 290,000 | $259,653.79 | |
| SRPT 2014-STAR A FLTG RATE 6.57800 11/15/2027 | US | 886,341.61 | $647,016.99 | |
| STAG INDUSTRIAL INC | US | STAG | 340 | $11,832.00 |
| STR 2019-1 A1 MTGE 2.82000 11/20/2049 | US | 285,400.3 | $259,321.93 | |
| SUN COMMUNITIES | US | SUI | 282 | $35,709.66 |
| SYNCHRONOSS TECH | US | 4,021 | $74,388.50 | |
| SYSCO CORP | US | SYY | 54 | $3,777.30 |
| TAIWAN SEMICONDUCTOR - SP ADR | TW | TSM | 3,293 | $324,656.87 |
| TE CONNECTIVITY LIMITED | CH | TEL | 40 | $4,899.20 |
| TECHTRONIC INDUSTRIES CO LTD | HK | 669 HK | 2,000 | $18,521.65 |
| TENCENT HOLDINGS 3.97500 04/11/2029 | KY | 1,560,000 | $1,470,042.71 | |
| TENCENT HOLDINGS LTD | CN | 700 HK | 700 | $27,702.04 |
| TERRENO REALTY CORP | US | TRNO | 393 | $24,102.69 |
| TEXAS INSTRUMENTS INC | US | TXN | 72 | $12,519.36 |
| THERMO FISHER SCIENTIFIC INC | US | TMO | 309 | $157,114.14 |
| TPMT 2016-5 A1 2.50000 10/25/2056 | US | 60,419.3 | $59,350.60 | |
| TPMT 2017-1 A1 2.75000 10/25/2056 | US | 23,679.57 | $23,284.27 | |
| TPMT 2019-HY1 A1 6.13800 10/25/2048 | US | 78,682.87 | $77,982.07 | |
| TRAVELLERS COS INC | US | TRV | 35 | $5,923.40 |
| TREASURY BILL 0.00000 05/16/2024 | US | 4,600,000 | $4,379,644.87 | |
| TREASURY NOTE 2.25000 11/15/2027 | US | 5,690,000 | $5,322,372.68 | |
| TRUIST FINANCIAL CORP | US | TFC | 133 | $4,052.51 |
| TYSON FOODS INC -CL A | US | TSN | 55 | $2,785.20 |
| U.S. BANCORP | US | USB | 179 | $5,352.10 |
| UDR INC | US | UDR | 654 | $25,944.18 |
| UNILEVER PLC - ADR | GB | UL | 8,080 | $403,515.20 |
| UNION PAC CORP | US | UNP | 871 | $167,684.92 |
| UNITED AIR 2018-1 B PTT 4.60000 03/01/2026 | US | 20,478 | $19,273.86 | |
| UNITED AIR 2019-2 B PTT 3.50000 05/01/2028 | US | 91,698.1 | $82,707.38 | |
| UNITED PARCEL SERVICE | US | UPS | 67 | $11,189.00 |
| US TEASURY NOTE 1.75000 11/15/2029 | US | 5,790,000 | $5,160,789.87 | |
| US TREASURY N/B 1.37500 11/15/2031 | US | 2,055,000 | $1,717,851.56 | |
| US TREASURY N/B 2.00000 11/15/2026 | US | 5,535,000 | $5,185,170.73 | |
| US TREASURY N/B 2.25000 11/15/2025 | US | 5,475,000 | $5,226,058.59 | |
| US TREASURY N/B 3.12500 11/15/2028 | US | 5,405,000 | $5,229,759.79 | |
| VALERO ENERGY | US | VLO | 35 | $3,746.40 |
| VENTAS INC | US | VTR | 294 | $12,683.16 |
| VERTEX PHARMACEUTICALS INC | US | VRTX | 624 | $201,907.68 |
| VISA INC - CLASS A SHARES | US | V | 1,729 | $382,160.87 |
| VISTRA OPERATIONS 4.87500 05/13/2024 | US | 605,000 | $596,333.38 | |
| VISTRA OPERATIONS CO LLC 3.55000 07/15/2024 | US | 175,000 | $169,275.25 | |
| WARNERMEDIA HOLDINGS INC 4.05400 03/15/2029 | US | 970,000 | $886,322.96 | |
| WELLS FARGO COMPANY | US | WFC | 254 | $10,111.74 |
| WELLTOWER INC. | US | WELL | 288 | $21,487.68 |
| WIN 2015-1 A1 3.50000 01/20/2045 | US | 42,524.49 | $38,774.41 |
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 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.