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.

Learn more about our Pro-Mix® Series

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

Performance

As of 05/31/2023

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.

Top Ten Investments

As of 05/31/2023

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.

Asset Allocation

As of 05/31/2023

Bonds
79.21%
Stocks
17.06%
Cash
3.73%

Detailed Asset Class Allocation

As of 05/31/2023

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.

Learn more about our Pro-Mix® Series

Performance

As of 05/31/2023

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.

Top Ten Investments

As of 05/31/2023

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.

Asset Allocation

As of 05/31/2023

Bonds
79.21%
Stocks
17.06%
Cash
3.73%

Detailed Asset Class Allocation

As of 05/31/2023

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.

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