Collective Investment Trust

Pro-Mix® Extended Term CIT

Investment Objective

To provide long-term capital growth, with capital preservation as a secondary objective.

Investment Strategy

The portfolio is invested in a growth-oriented mix of securities that seeks to earn a good portion of the long-term growth of the stock market with less volatility. Holdings are diversified primarily among various stock investments, as long as stock market valuations are favorable versus long-term bond yields. A substantial portion of the fund may be invested in long-term, fixed income securities.

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 want to be invested in long-term assets without full market risk
  • Who have a reasonably high capital risk tolerance

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

$44.71

Daily $ Change

-$0.29

Daily % Change

-0.65%

as of 06/07/2023

CUSIP

563821123

Inception Date

01/01/2000

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

Important Documents

Applications & Forms
Fact Sheet
Annual Report

Performance

As of 05/31/2023

YTD

6.21%

1 Year

-0.33%

3 Year

4.02%

5 Year

5.77%

10 Year

5.59%

Inception
(01/01/2000)

6.54%

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

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

Expense Ratio

Gross 0.91%
Net 0.90%*

*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 17.78%
GOVERNMENT AGENCY 8.67%
TREASURY BONDS 6.10%
TREASURY BILLS 2.53%
AMAZON.COM INC 2.19%
MASTERCARD INC-CLASS A 1.90%
ALPHABET INC-CL A 1.81%
MICRON TECHNOLOGY INC 1.72%
META PLATFORMS INC 1.60%
JOHNSON & JOHNSON 1.57%

This investment list is unaudited and excludes cash.

Asset Allocation

As of 05/31/2023

Bonds
50.76%
Stocks
47.54%
Cash
1.70%

Detailed Asset Class Allocation

As of 05/31/2023

International Equities
12.53%
Small Capitalization
0.45%
Mid Capitalization
4.95%
Large Capitalization
29.60%
Long Term Fixed Income
13.60%
Intermediate Term Fixed Income
33.70%
Short Term Fixed Income
3.47%
Cash
1.70%

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 629 $58,691.99
ABBOTT LABORATORIES US ABT 1,183 $120,666.00
ADMIRAL GROUP PLC GB AMIGY 57,539 $1,663,452.49
ADMIRAL GROUP PLC GB ADM LN 14,596 $422,799.87
ADYEN NV NL ADYEN NA 79 $129,389.53
AERCAP IRELAND CAP/GLOBA 3.00000 10/29/2028 IE 740,000 $641,548.18
AGREE REALTY CORP US ADC 3,886 $250,608.14
AIR LIQUIDE FR AI FP 2,175 $364,427.22
AIR LIQUIDE-ADR FR AIQUY 63,413 $2,125,603.76
AIRBUS SE FR AIR FP 1,634 $214,585.53
ALASKA AIR 2020-1 CL B 8.00000 08/15/2025 US 93,367.1 $94,643.15
ALCON INC CH ALC 25,394 $1,965,241.66
ALIBAB GROUP HOLDINGS 2.12500 02/09/2031 KY 410,000 $336,775.43
ALIBABA GROUP HOLDING 4.00000 12/06/2037 KY 1,400,000 $1,185,817.29
ALPHABET INC-CL A US GOOGL 42,819 $5,261,170.53
AMAZON.COM INC US AMZN 52,651 $6,348,657.58
AMAZON.COM INC 3.30000 04/13/2027 US 1,400,000 $1,350,136.90
AMERICAN HOMES 4 RENT- A US AMH 2,929 $100,406.12
AMERICAN TANKER INC 7.75000 07/02/2025 US 380,000 $365,184.05
AMERICAN TOWER REIT INC US AMT 980 $180,751.20
AMERICOLD REALTY TRUST US COLD 8,451 $247,614.30
ANALOG DEVICES INC US ADI 575 $102,171.75
APARTMENT INCOME REIT CO US AIRC 2,834 $98,311.46
APPLIED MATERIALS INC US AMAT 12,955 $1,726,901.50
ARCHER-DANIELS-MIDLAND CO US ADM 702 $49,596.30
ASHTEAD CAPITAL INC 4.00000 05/01/2028 US 600,000 $555,948.37
ASTRAZENECA GB AZN 3,781 $276,315.48
ATLASSIAN CORP PLC-CLASS A AU TEAM 724 $130,891.96
AUCKLAND INTL AIRPORT LTD NZ AIA NZ 20,135 $107,617.92
AUTO TRADER GROUP PLC GB AUTO LN 49,573 $389,050.06
AVALONBAY COMMUNITIES INC US AVB 897 $156,060.06
AVANZA BANK HOLDING AB SE AZA SS 6,727 $139,685.27
BABS 2021-RM2 A 1.75000 10/25/2061 US 600,261.17 $524,912.79
BAE SYSTEMS PLC GB BA/ LN 31,908 $368,778.21
BAE SYSTEMS PLC -SPON ADR GB BAESY 29,313 $1,377,417.87
BANK OF AMERICA CORP US BAC 4,437 $123,304.23
BANK OF AMERICA CORP 2.68700 04/22/2032 US 1,170,000 $966,444.52
BARRICK GOLD CORP CA GOLD 57,779 $975,309.52
BAXTER INTERNATIONAL INC US BAX 683 $27,811.76
BEIERSDORF AG DE BEI GR 2,172 $277,168.12
BIOMARIN PHARMACEUTICAL INC US BMRN 23,772 $2,066,737.68
BNSF FUNDING TRUST I 6.61300 12/15/2055 US 640,000 $615,037.93
BRANDYWINE REALTY TRUST US BDN 9,211 $35,922.90
BRISTOL MYERS SQUIBB CO US BMY 1,798 $115,863.12
BROADCOM INC US AVGO 222 $179,367.12
BROADRIDGE FINANCIAL SOLUTIONS US BR 209 $30,664.48
BROOGE PETROLEUM AND GAS 8.50000 09/24/2025 AE 145,265 $124,805.62
BUNGE LIMITED US BG 273 $25,290.72
C.H. ROBINSON WORLDWIDE INC US CHRW 272 $25,714.88
CALDERYS FINANCING LLC 11.25000 06/01/2028 US 290,000 $293,784.50
CAMPBELL SOUP CO US CPB 587 $29,672.85
CANADIAN NATIONAL RAILWAY CO CA CNI 14,815 $1,670,094.95
CARETRUST REIT INC US CTRE 7,748 $150,311.20
CATERPILLAR INC US CAT 558 $114,808.50
CBOE GLOBAL MARKETS INC US CBOE 10,891 $1,442,186.22
CELLNEX TELECOM SA ES CLNX SM 7,462 $302,401.10
CELLNEX TELECOM SAU-UNSP ADR ES CLLNY 8,382 $169,484.04
CENOVUS ENERGY INC 6.75000 11/15/2039 CA 654,000 $684,639.23
CHEVRON CORP US CVX 1,100 $165,682.00
CIM 2019-INV1 A1 4.00000 02/25/2049 US 30,615.56 $29,682.83
CISCO SYSTEMS INC US CSCO 3,272 $162,520.24
CITIGROUP INC US C 1,997 $88,507.04
CITIGROUP INC 1.46200 06/09/2027 US 1,120,000 $998,414.95
CLEANAWAY WASTE MANAGEMENT AU CWY AU 129,508 $218,831.01
COCA COLA CO/THE US KO 36,020 $2,148,953.20
COGNIZANT TECH SOLUTIONS - A US CTSH 549 $34,307.01
COLGATE-PALMOLIVE CO US CL 966 $71,851.08
COLO 2023 - 1A A2 MTGE 5.11600 02/25/2053 US 850,000 $798,187.38
COMCAST CORP-CL A US CMCSA 3,457 $136,032.95
COMMUNITY HEALTHCARE TRUST I US CHCT 3,717 $121,917.60
CONAGRA BRAND INC. US CAG 865 $30,162.55
CONOCOPHILLIPS US COP 949 $94,235.70
COPART INC US CPRT 19,385 $1,697,932.15
CORNING INC US GLW 937 $28,868.97
COTERRA ENERGY INC US CTRA 1,134 $26,365.50
COUSINS PROPERTIES INC US CUZ 6,495 $129,380.40
CSMC 2013-IVR3 A1 2.50000 05/25/2043 US 192,295.64 $165,151.80
CSMC 2013-TH1 A1 2.13000 02/25/2043 US 108,311.46 $91,772.75
CSX CORP US CSX 51,209 $1,570,580.03
CUMMINS INC US CMI 234 $47,831.94
CVS HEALTH CORP US CVS 919 $62,519.57
DANONE FR BN FP 2,143 $126,841.86
DEUTSCHE BOERSE AG DE DB1 GR 1,855 $320,847.82
DEUTSCHE BOERSE AG ADR DE DBOEY 79,453 $1,370,564.25
DEVON ENERGY CORPORATION US DVN 778 $35,865.80
DIAGEO PLC GB DGE LN 5,766 $239,707.32
DIAMONDBACK ENERGY INC US FANG 240 $30,516.00
DIGITAL REALTY TRUST INC US DLR 782 $80,123.72
DOW INC US DOW 810 $39,511.80
DREYFUS GVT CSH MANAGEMENT US 5,011,698.73 $5,011,698.73
EBAY INC US EBAY 748 $31,819.92
ELECTRONIC ARTS US EA 29,645 $3,794,560.00
EMERSON ELEC CO US EMR 753 $58,493.04
ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 US 1,610,000 $1,605,891.76
EOG RESOURCES INC US EOG 556 $59,653.24
EQUINIX INC US EQIX 1,248 $930,446.40
EQUITY COMMONWEALTH US EQC 6,430 $131,493.50
EQUITY LIFESTYLE PROPERTIES US ELS 4,052 $255,964.84
ESSEX PROPERTY TRUST INC US ESS 360 $77,781.60
EVERGY INC US EVRG 28,610 $1,655,088.50
EXTRA SPACE STORAGE INC US EXR 392 $56,553.84
EXXON MOBIL CORP US XOM 1,763 $180,143.34
FEDERAL NATL MTG ASSN AD0220 6.00000 10/01/2038 US 18,795.47 $19,865.61
FEDERAL NATL MTG ASSN AD0462 5.50000 10/01/2024 US 825.14 $819.21
FEDERAL NATL MTG ASSN AH9054 4.50000 04/01/2041 US 72,323.57 $71,688.61
FEDERAL NATL MTG ASSN AL8674 FLT 5.64500 01/01/2049 US 1,294,495.96 $1,350,944.39
FEDERAL NATL MTG ASSN BK0433 3.50000 12/01/2049 US 883,279.49 $817,842.29
FEDERAL NATL MTG ASSN BW1194 4.00000 09/01/2052 US 1,927,500.92 $1,819,645.60
FEDERAL NATL MTG ASSN FN FS1179 3.50000 12/01/2049 US 1,182,214.02 $1,099,067.77
FEDERAL NATL MTG ASSN FN MA3412 3.50000 07/01/2038 US 109,401.26 $103,576.67
FEDERAL NATL MTG ASSN FN MA4687 4.00000 06/01/2042 US 1,266,096.73 $1,210,799.40
FEDERAL NATL MTG ASSN MA1903 4.50000 05/01/2034 US 228,281.43 $226,865.90
FEDERAL NATL MTG ASSN MA4600 3.50000 05/01/2052 US 1,324,510.77 $1,215,031.60
FEDERAL NATL MTG ASSN MA4644 4.00000 05/01/2052 US 1,302,056.79 $1,229,198.85
FEDERAL NATL MTG ASSN MA5043 5.00000 06/01/2038 US 1,790,000 $1,785,488.48
FEDERAL NATL MTG ASSN SD8044 3.00000 02/01/2050 US 1,252,409.19 $1,118,672.63
FEDERAL NATL MTG ASSN SD8276 5.00000 12/01/2052 US 1,267,841.68 $1,247,810.59
FEDERAL NATL MTG FN MA4203 2.50000 12/01/2040 US 1,297,964.34 $1,145,441.60
FEDEX CORPORATION US FDX 214 $46,647.72
FHLM GOLD POOL FG G08786 4.50000 10/01/2047 US 282,551.67 $278,450.72
FHLM POOL C91780 4.50000 07/01/2034 US 322,300.08 $321,103.92
FHLM POOL G05906 6.00000 04/01/2040 US 39,717.33 $42,030.82
FHLM POOL G13331 5.50000 10/01/2023 US 32.71 $32.58
FHLM POOL K91364 4.50000 11/01/2033 US 40,960.53 $40,861.50
FHLM POOL K92059 4.50000 09/01/2034 US 217,920.39 $217,058.86
FHLM POOL SD8230 4.50000 06/01/2052 US 861,991.8 $833,327.52
FIFTH THIRD BANCORP US FITB 1,108 $26,891.16
FINECOBANK SPA IT FBK IM 17,062 $227,917.07
FLAGSHIP COMMUNITIES REIT UT US MHC/U CN 7,144 $107,588.64
FLX 2021-1A A2 3.25000 11/27/2051 US 1,150,000 $1,018,900.00
FMC CORP US FMC 28,769 $2,994,277.52
FN DS2696 3.00000 12/01/2051 US 1,536,301.7 $1,372,127.80
FN MA4733 4.50000 09/01/2052 US 1,487,883.73 $1,438,410.26
FN MA4807 MTGE 5.50000 11/01/2052 US 1,045,961.08 $1,044,806.55
FN MA4868 MTGE 5.00000 01/01/2053 US 1,887,970.8 $1,858,145.32
FN MA4934 MTGE 5.00000 02/01/2043 US 1,951,275.76 $1,933,047.37
FNR 2018-31 KP 3.50000 07/25/2047 US 19,003.78 $18,370.94
FONTAINEBLEAU MIAMI BEACH TRUST 3.14400 12/10/2036 US 970,000 $920,736.83
FR SD1129 4.00000 08/01/2051 US 1,420,561.86 $1,357,199.57
FREMF 2015-K43 B FLT 3.73197 02/25/2048 US 2,100,000 $2,018,549.09
GENERAL DYNAMICS CORP US GD 329 $67,175.22
GENERAL MLS INC US GIS 799 $67,243.84
GENUINE PARTS CO US GPC 254 $37,828.22
GETTY REALTY CORP US GTY 5,389 $184,681.03
GILEAD SCIENCES INC US GILD 1,327 $102,099.38
GNR 2017-54 AH MTGE 2.60000 12/16/2056 US 221,176.43 $202,667.28
GOLDEN PEAR FUND HOLDCO 10.00000 03/02/2028 US 175,000 $163,648.77
GREENIDGE GEN HLD INC US 7,600 $36,100.00
GSMBS 2021-INV1 A6 2.50000 12/25/2051 US 611,510.44 $526,456.17
GSMBS 2021-PJ9 A8 2.50000 02/26/2052 US 501,545.88 $432,312.13
HALLIBURTON CO US HAL 996 $28,535.40
HARTFORD FINL SVCS US HIG 369 $25,283.88
HAWAII ST 2.68200 10/01/2038 US 100,000 $75,916.12
HDFC BANK LTD-ADR IN HDB 4,094 $263,653.60
HEALTHCARE REALTY TRUST INC US HR 12,295 $228,809.95
HEINEKEN NV NL HEIA NA 3,067 $310,314.34
HEINEKEN NV-SPN ADR NL HEINY 39,046 $1,973,384.84
HELIOS TOWERS PLC GB HTWS LN 71,122 $80,111.41
HOME DEPOT INC US HD 724 $205,217.80
HONEYWELL INTERNATIONAL INC US HON 649 $124,348.40
HUNTINGTON BANCSHARES US HBAN 1,867 $19,248.77
HWIRE 2021-1 A2 2.31100 11/20/2051 US 1,080,000 $958,973.58
IDEXX LABORATORIES INC US IDXX 4,599 $2,137,477.23
IMCD NV NL IMCD NA 700 $105,516.38
IMPRL 2021-NQM3 1.59500 11/25/2056 US 592,236.69 $496,989.13
INTERCONTINENTALEXCHANGE INC US ICE 13,869 $1,469,420.55
INTERMEDIATE CAPITAL GROUP GB ICP LN 7,145 $124,014.93
INTERNATIONAL BUSINESS MACH CORP US IBM 622 $79,982.98
INTERNATIONAL FLVRS & FRAGRANCES US IFF 356 $27,515.24
INTUIT INC US INTU 3,578 $1,499,611.36
INTUITIVE SURGICAL INC US ISRG 5,531 $1,702,663.04
INVITATION HOMES INC US INVH 7,094 $240,344.72
ITALY GOV'T INT BOND 2.37500 10/17/2024 IT 240,000 $229,545.18
JM SMUCKER CO/THE-NEW COM WI US SJM 208 $30,490.72
JOHNSON & JOHNSON US JNJ 29,427 $4,562,950.62
JP MORGAN CHASE & CO US JPM 1,687 $228,942.77
JPMMT 2014-2 1A1 3.00000 06/25/2029 US 190,963.5 $180,495.75
JPMORGAN CHASE & CO 4.49300 03/24/2031 US 1,670,000 $1,612,045.74
KELLOGG CO US K 398 $26,574.46
KEYENCE CORP JP 6861 JP 400 $193,911.16
KEYWORDS STUDIOS PLC IE KWS LN 3,016 $72,971.60
KIMBERLY CLARK DE MEXICO S.A.B. MX KIMBERA MM 161,600 $330,252.70
KRAFT HEINZ CO/THE US KHC 1,115 $42,615.30
L'OREAL FR OR FP 151 $64,650.09
L3HARRIS TECHNOLOGIES INC US LHX 10,790 $1,898,176.80
LEXINGTON REALTY TRUST US LXP 16,111 $166,587.74
LIFE STORAGE INC US LSI 1,635 $208,282.65
LINDE PLC IE LIN 487 $172,232.42
LOCKHEED MARTIN CORP US LMT 251 $111,446.51
LULULEMON - ADR CA LULU 638 $211,771.34
MARATHON OIL CORP US MRO 843 $18,680.88
MARATHON PETROLEUM CORP US MPC 521 $54,658.11
MASCO CORP US MAS 61,513 $2,972,308.16
MASTERCARD INC-CLASS A US MA 15,127 $5,521,657.54
MEDTRONIC INC IE MDT 41,164 $3,406,732.64
MEITUAN DIANPING - CLASS B CN 3690 HK 50 $702.06
MERCADOLIBRE INC BR MELI 161 $199,479.00
MERCK & CO INC US MRK 1,888 $208,454.08
META PLATFORMS INC US META 17,557 $4,647,689.04
MEX BONOS DESARR FIX RT 7.75000 05/29/2031 MX 1,500,000 $79,679.65
MICROCHIP TECHNOLOGY INC US MCHP 640 $48,166.40
MICRON TECHNOLOGY INC US MU 73,467 $5,010,449.40
MICROSOFT CORP US MSFT 10,042 $3,297,692.38
MID-AMERICA APARTMENT COMM US MAA 1,375 $202,207.50
MONARCH CASINO & RESORT INC US MCRI 1,245 $80,788.05
MONDELEZ INTERNATIONAL INC US MDLZ 41,544 $3,049,745.04
MOODY'S CORPORATION US MCO 9,085 $2,878,854.80
NAVIENT CORP 6.75000 06/25/2025 US 355,000 $345,429.32
NESTLE S.A. - ADR CH NSRGY 19,553 $2,321,527.69
NESTLE SA-REGISTERED CH NESN SW 3,007 $356,438.67
NETAPP INC US NTAP 419 $27,800.65
NEWCASTLE COAL INFRASTRU 4.40000 09/29/2027 AU 750,000 $674,717.00
NEWMONT GOLDCORP CORP US NEM 14,106 $571,998.30
NIKE INC CLASS B US NKE 11,587 $1,219,647.62
NORFOLK SOUTHN CORP US NSC 248 $51,628.64
NORTHROP GRUMMAN CORP US NOC 4,891 $2,129,981.59
NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 CA 370,000 $37.00
NOVARTIS AG- REG CH NVS 18,410 $1,771,962.50
NRZT 2014-3A AFX3 3.75000 11/25/2054 US 206,792 $189,106.20
NRZT 2015-2A A1 3.75000 08/25/2055 US 344,486.44 $321,732.49
NRZT 2016-4A A1 3.75000 11/25/2056 US 667,376.79 $613,970.50
OASIS 2023-1A 7.00000 02/15/2035 US 634,454.53 $629,492.08
ODFJELL DRILLING LTD 9.25000 05/31/2028 BM 300,000 $301,500.00
OMNICOM GROUP US OMC 383 $33,776.77
OXFIN 2020-1A A2 3.10100 02/15/2028 US 437,390.98 $433,244.51
OXFIN 2022-1A 3.60200 02/15/2030 US 975,000 $895,698.77
OXFIN 2023-1A A2 6.71600 02/15/2031 US 1,240,000 $1,230,334.08
PACKAGING CORP OF AMERICA US PKG 179 $22,201.37
PARAMOUNT GLOBAL CLASS B US PARA 1,050 $15,970.50
PEAR 2021-1 A MTGE 2.60000 01/15/2034 US 923,280.75 $871,649.41
PELORUS FUND REIT 7.00000 09/30/2026 US 335,000 $313,843.93
PEPSICO INC 3.90000 07/18/2032 US 1,280,000 $1,236,222.59
PFIZER INC US PFE 3,554 $135,123.08
PFMT 2021 -INV1 A1 2.50000 08/25/2051 US 960,980.28 $775,377.70
PFMT 2021-2 A2A 2.00000 04/25/2051 US 568,835.68 $483,743.95
PHILLIPS 66 US PSX 412 $37,743.32
PMTLT 2013-J1 a9 3.50000 09/25/2043 US 163,069.17 $147,507.08
POPULAR INC 6.12500 09/14/2023 PR 310,000 $308,450.00
PPG INDUSTRIES INC US PPG 289 $37,942.81
PROLOGIS US PLD 8,642 $1,076,361.10
PUBLIC STORAGE INC US PSA 1,300 $368,290.00
QUALCOMM INC US QCOM 1,054 $119,534.14
QUEST DIAGNOSTICS INC US DGX 224 $29,713.60
RAYTHEON TECHNOLOGIES CORP US RTX 951 $87,625.14
RCKT 2021-6 A1 2.50000 12/25/2051 US 1,030,618.86 $831,608.93
REALTY INCOME CORP US O 3,452 $205,186.88
REGIONS FINANCIAL CORP. US RF 1,674 $28,909.98
RENAISSANCERE HOLDINGS LTD BM RNR 1,060 $199,672.20
RENTOKIL INITIAL PLC GB RTO LN 31,961 $254,236.29
RENTOKIL INITIAL PLC-SP ADR GB RTO 38,157 $1,515,977.61
RESTAURANT BRANDS INTERN CA QSR 2,468 $179,941.88
REXFORD INDUSTRIAL REALITY IN US REXR 4,397 $239,372.68
S&P GLOBAL INC US SPGI 2,765 $1,015,943.95
SALESFORCE INC US CRM 7,746 $1,730,301.48
SBA COMMUNICATIONS CORP US SBAC 1,354 $300,290.12
SBA TOWER TRUST 6.59900 01/15/2028 US 1,150,000 $1,190,051.28
SCHLUMBERGER LTD NL SLB 1,177 $50,410.91
SEMT 2013-2 1.87400 02/25/2043 US 114,772.55 $99,986.51
SEMT 2013-6 A2 3.00000 05/25/2043 US 276,213.27 $237,869.38
SEMT 2013-7 A2 3.00000 06/25/2043 US 115,516.74 $102,129.46
SEMT 2013-8 A1 3.00000 06/25/2043 US 139,211.75 $123,624.00
SERVICENOW INC US NOW 7,160 $3,900,624.80
SIMON PROPERTY GROUP LP 2.65000 02/01/2032 US 2,240,000 $1,820,079.36
SKYWORKS SOLUTIONS INC US SWKS 248 $25,670.48
SLAM 2021-1A A MTGE 2.43400 06/15/2046 US 792,180 $697,118.40
SMB 2020-BA A1A 1.29000 07/15/2053 US 637,359.4 $556,902.70
SOFI 2018-B A2FX MTGE 3.34000 08/25/2047 US 177,004.13 $171,156.69
SONY CORP FIRST SECTION JP 6758 JP 3,300 $309,475.27
SORT 2020-1 A1 MTGE 1.69000 07/15/2060 US 674,589 $609,244.60
SORT 2020-1 A2 1.99000 07/15/2060 US 548,686.32 $461,257.60
SOUTH CAROLINA ST PUBLIC SVC 2.32900 12/01/2028 US 1,935,000 $1,677,344.51
SRPT 2014-STAR A FLTG RATE 6.57800 11/15/2027 US 1,329,512.42 $970,525.49
STAG INDUSTRIAL INC US STAG 3,174 $110,455.20
SUN COMMUNITIES US SUI 2,623 $332,150.49
SYNCHRONOSS TECH US 9,819 $181,651.50
SYSCO CORP US SYY 501 $35,044.95
TAH 2017-SFR2 A 2.92800 01/17/2036 US 621,135.88 $607,779.22
TAIWAN SEMICONDUCTOR - SP ADR TW TSM 27,566 $2,717,731.94
TE CONNECTIVITY LIMITED CH TEL 377 $46,174.96
TECHTRONIC INDUSTRIES CO LTD HK 669 HK 17,000 $157,433.99
TENCENT HOLDINGS 3.97500 04/11/2029 KY 2,860,000 $2,695,078.30
TENCENT HOLDINGS LTD CN 700 HK 6,800 $269,105.53
TERRENO REALTY CORP US TRNO 3,676 $225,449.08
TEXAS INSTRUMENTS INC US TXN 669 $116,325.72
THERMO FISHER SCIENTIFIC INC US TMO 2,522 $1,282,336.12
TOKYO ELECTRON LTD JP 8035 JP 1,200 $163,206.69
TPMT 2016-5 A1 2.50000 10/25/2056 US 173,934.34 $170,857.77
TPMT 2017-1 A1 2.75000 10/25/2056 US 81,562.97 $80,201.38
TPMT 2019-HY1 A1 6.13800 10/25/2048 US 267,306.2 $264,925.41
TRAVELLERS COS INC US TRV 323 $54,664.52
TREASURY BILL 0.00000 05/16/2024 US 7,725,000 $7,354,947.08
TREASURY BOND 2.37500 02/15/2042 US 15,185,000 $11,860,908.59
TREASURY NOTE 2.25000 11/15/2027 US 9,250,000 $8,652,363.33
TRUIST FINANCIAL CORP US TFC 1,239 $37,752.33
TYSON FOODS INC -CL A US TSN 515 $26,079.60
U.S. BANCORP US USB 1,668 $49,873.20
UDR INC US UDR 6,084 $241,352.28
UNILEVER PLC - ADR GB UL 72,681 $3,629,689.14
UNION PAC CORP US UNP 8,182 $1,575,198.64
UNITED AIR 2018-1 B PTT 4.60000 03/01/2026 US 49,732.34 $46,808.01
UNITED AIR 2019-2 B PTT 3.50000 05/01/2028 US 258,719.64 $233,352.97
UNITED PARCEL SERVICE US UPS 629 $105,043.00
US CLAIMS LIT FNDG LLC 10.25000 03/17/2028 US 250,000 $239,293.27
US TEASURY NOTE 1.75000 11/15/2029 US 19,570,000 $17,443,291.50
US TREASURY N/B 0.87500 11/15/2030 US 10,410,000 $8,562,225.00
US TREASURY N/B 1.37500 11/15/2031 US 10,165,000 $8,497,304.69
US TREASURY N/B 3.00000 05/15/2047 US 3,573,000 $3,014,160.47
US TREASURY N/B 3.12500 11/15/2028 US 8,780,000 $8,495,335.98
US TREASURY N/B 3.62500 02/15/2053 US 2,970,000 $2,844,239.06
USRE 2021-1 A1 1.91000 10/20/2061 US 1,225,000 $1,057,187.25
VALERO ENERGY US VLO 329 $35,216.16
VENTAS INC US VTR 2,691 $116,089.74
VERTEX PHARMACEUTICALS INC US VRTX 5,788 $1,872,823.16
VISA INC - CLASS A SHARES US V 16,024 $3,541,784.72
VISTRA OPERATIONS 4.87500 05/13/2024 US 1,105,000 $1,089,170.89
VISTRA OPERATIONS CO LLC 3.55000 07/15/2024 US 315,000 $304,695.45
WARNERMEDIA HOLDINGS INC 4.05400 03/15/2029 US 1,720,000 $1,571,624.22
WELLS FARGO COMPANY US WFC 2,368 $94,270.08
WELLTOWER INC. US WELL 2,670 $199,208.70
WIN 2015-1 A1 3.50000 01/20/2045 US 67,330.44 $61,392.81

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

$44.71

Daily $ Change

-$0.29

Daily % Change

-$0.65

as of 06/07/2023

CUSIP

563821123

Inception Date

01/01/2000

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

Important Documents

Applications & Forms
Fact Sheet
Annual Report

Investment Objective

To provide long-term capital growth, with capital preservation as a secondary objective.

Investment Strategy

The portfolio is invested in a growth-oriented mix of securities that seeks to earn a good portion of the long-term growth of the stock market with less volatility. Holdings are diversified primarily among various stock investments, as long as stock market valuations are favorable versus long-term bond yields. A substantial portion of the fund may be invested in long-term, fixed income securities.

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 want to be invested in long-term assets without full market risk
  • Who have a reasonably high capital risk tolerance

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

6.21%

1 Year

-0.33%

3 Year

4.02%

5 Year

5.77%

10 Year

5.59%

Inception
(01/01/2000)

6.54%

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

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

Expense Ratio

Gross 0.91%
Net 0.90%*

*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 17.78%
GOVERNMENT AGENCY 8.67%
TREASURY BONDS 6.10%
TREASURY BILLS 2.53%
AMAZON.COM INC 2.19%
MASTERCARD INC-CLASS A 1.90%
ALPHABET INC-CL A 1.81%
MICRON TECHNOLOGY INC 1.72%
META PLATFORMS INC 1.60%
JOHNSON & JOHNSON 1.57%

This investment list is unaudited and excludes cash.

Asset Allocation

As of 05/31/2023

Bonds
50.76%
Stocks
47.54%
Cash
1.70%

Detailed Asset Class Allocation

As of 05/31/2023

International Equities
12.53%
Small Capitalization
0.45%
Mid Capitalization
4.95%
Large Capitalization
29.60%
Long Term Fixed Income
13.60%
Intermediate Term Fixed Income
33.70%
Short Term Fixed Income
3.47%
Cash
1.70%

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 629 $58,691.99
ABBOTT LABORATORIES US ABT 1,183 $120,666.00
ADMIRAL GROUP PLC GB AMIGY 57,539 $1,663,452.49
ADMIRAL GROUP PLC GB ADM LN 14,596 $422,799.87
ADYEN NV NL ADYEN NA 79 $129,389.53
AERCAP IRELAND CAP/GLOBA 3.00000 10/29/2028 IE 740,000 $641,548.18
AGREE REALTY CORP US ADC 3,886 $250,608.14
AIR LIQUIDE FR AI FP 2,175 $364,427.22
AIR LIQUIDE-ADR FR AIQUY 63,413 $2,125,603.76
AIRBUS SE FR AIR FP 1,634 $214,585.53
ALASKA AIR 2020-1 CL B 8.00000 08/15/2025 US 93,367.1 $94,643.15
ALCON INC CH ALC 25,394 $1,965,241.66
ALIBAB GROUP HOLDINGS 2.12500 02/09/2031 KY 410,000 $336,775.43
ALIBABA GROUP HOLDING 4.00000 12/06/2037 KY 1,400,000 $1,185,817.29
ALPHABET INC-CL A US GOOGL 42,819 $5,261,170.53
AMAZON.COM INC US AMZN 52,651 $6,348,657.58
AMAZON.COM INC 3.30000 04/13/2027 US 1,400,000 $1,350,136.90
AMERICAN HOMES 4 RENT- A US AMH 2,929 $100,406.12
AMERICAN TANKER INC 7.75000 07/02/2025 US 380,000 $365,184.05
AMERICAN TOWER REIT INC US AMT 980 $180,751.20
AMERICOLD REALTY TRUST US COLD 8,451 $247,614.30
ANALOG DEVICES INC US ADI 575 $102,171.75
APARTMENT INCOME REIT CO US AIRC 2,834 $98,311.46
APPLIED MATERIALS INC US AMAT 12,955 $1,726,901.50
ARCHER-DANIELS-MIDLAND CO US ADM 702 $49,596.30
ASHTEAD CAPITAL INC 4.00000 05/01/2028 US 600,000 $555,948.37
ASTRAZENECA GB AZN 3,781 $276,315.48
ATLASSIAN CORP PLC-CLASS A AU TEAM 724 $130,891.96
AUCKLAND INTL AIRPORT LTD NZ AIA NZ 20,135 $107,617.92
AUTO TRADER GROUP PLC GB AUTO LN 49,573 $389,050.06
AVALONBAY COMMUNITIES INC US AVB 897 $156,060.06
AVANZA BANK HOLDING AB SE AZA SS 6,727 $139,685.27
BABS 2021-RM2 A 1.75000 10/25/2061 US 600,261.17 $524,912.79
BAE SYSTEMS PLC GB BA/ LN 31,908 $368,778.21
BAE SYSTEMS PLC -SPON ADR GB BAESY 29,313 $1,377,417.87
BANK OF AMERICA CORP US BAC 4,437 $123,304.23
BANK OF AMERICA CORP 2.68700 04/22/2032 US 1,170,000 $966,444.52
BARRICK GOLD CORP CA GOLD 57,779 $975,309.52
BAXTER INTERNATIONAL INC US BAX 683 $27,811.76
BEIERSDORF AG DE BEI GR 2,172 $277,168.12
BIOMARIN PHARMACEUTICAL INC US BMRN 23,772 $2,066,737.68
BNSF FUNDING TRUST I 6.61300 12/15/2055 US 640,000 $615,037.93
BRANDYWINE REALTY TRUST US BDN 9,211 $35,922.90
BRISTOL MYERS SQUIBB CO US BMY 1,798 $115,863.12
BROADCOM INC US AVGO 222 $179,367.12
BROADRIDGE FINANCIAL SOLUTIONS US BR 209 $30,664.48
BROOGE PETROLEUM AND GAS 8.50000 09/24/2025 AE 145,265 $124,805.62
BUNGE LIMITED US BG 273 $25,290.72
C.H. ROBINSON WORLDWIDE INC US CHRW 272 $25,714.88
CALDERYS FINANCING LLC 11.25000 06/01/2028 US 290,000 $293,784.50
CAMPBELL SOUP CO US CPB 587 $29,672.85
CANADIAN NATIONAL RAILWAY CO CA CNI 14,815 $1,670,094.95
CARETRUST REIT INC US CTRE 7,748 $150,311.20
CATERPILLAR INC US CAT 558 $114,808.50
CBOE GLOBAL MARKETS INC US CBOE 10,891 $1,442,186.22
CELLNEX TELECOM SA ES CLNX SM 7,462 $302,401.10
CELLNEX TELECOM SAU-UNSP ADR ES CLLNY 8,382 $169,484.04
CENOVUS ENERGY INC 6.75000 11/15/2039 CA 654,000 $684,639.23
CHEVRON CORP US CVX 1,100 $165,682.00
CIM 2019-INV1 A1 4.00000 02/25/2049 US 30,615.56 $29,682.83
CISCO SYSTEMS INC US CSCO 3,272 $162,520.24
CITIGROUP INC US C 1,997 $88,507.04
CITIGROUP INC 1.46200 06/09/2027 US 1,120,000 $998,414.95
CLEANAWAY WASTE MANAGEMENT AU CWY AU 129,508 $218,831.01
COCA COLA CO/THE US KO 36,020 $2,148,953.20
COGNIZANT TECH SOLUTIONS - A US CTSH 549 $34,307.01
COLGATE-PALMOLIVE CO US CL 966 $71,851.08
COLO 2023 - 1A A2 MTGE 5.11600 02/25/2053 US 850,000 $798,187.38
COMCAST CORP-CL A US CMCSA 3,457 $136,032.95
COMMUNITY HEALTHCARE TRUST I US CHCT 3,717 $121,917.60
CONAGRA BRAND INC. US CAG 865 $30,162.55
CONOCOPHILLIPS US COP 949 $94,235.70
COPART INC US CPRT 19,385 $1,697,932.15
CORNING INC US GLW 937 $28,868.97
COTERRA ENERGY INC US CTRA 1,134 $26,365.50
COUSINS PROPERTIES INC US CUZ 6,495 $129,380.40
CSMC 2013-IVR3 A1 2.50000 05/25/2043 US 192,295.64 $165,151.80
CSMC 2013-TH1 A1 2.13000 02/25/2043 US 108,311.46 $91,772.75
CSX CORP US CSX 51,209 $1,570,580.03
CUMMINS INC US CMI 234 $47,831.94
CVS HEALTH CORP US CVS 919 $62,519.57
DANONE FR BN FP 2,143 $126,841.86
DEUTSCHE BOERSE AG DE DB1 GR 1,855 $320,847.82
DEUTSCHE BOERSE AG ADR DE DBOEY 79,453 $1,370,564.25
DEVON ENERGY CORPORATION US DVN 778 $35,865.80
DIAGEO PLC GB DGE LN 5,766 $239,707.32
DIAMONDBACK ENERGY INC US FANG 240 $30,516.00
DIGITAL REALTY TRUST INC US DLR 782 $80,123.72
DOW INC US DOW 810 $39,511.80
DREYFUS GVT CSH MANAGEMENT US 5,011,698.73 $5,011,698.73
EBAY INC US EBAY 748 $31,819.92
ELECTRONIC ARTS US EA 29,645 $3,794,560.00
EMERSON ELEC CO US EMR 753 $58,493.04
ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 US 1,610,000 $1,605,891.76
EOG RESOURCES INC US EOG 556 $59,653.24
EQUINIX INC US EQIX 1,248 $930,446.40
EQUITY COMMONWEALTH US EQC 6,430 $131,493.50
EQUITY LIFESTYLE PROPERTIES US ELS 4,052 $255,964.84
ESSEX PROPERTY TRUST INC US ESS 360 $77,781.60
EVERGY INC US EVRG 28,610 $1,655,088.50
EXTRA SPACE STORAGE INC US EXR 392 $56,553.84
EXXON MOBIL CORP US XOM 1,763 $180,143.34
FEDERAL NATL MTG ASSN AD0220 6.00000 10/01/2038 US 18,795.47 $19,865.61
FEDERAL NATL MTG ASSN AD0462 5.50000 10/01/2024 US 825.14 $819.21
FEDERAL NATL MTG ASSN AH9054 4.50000 04/01/2041 US 72,323.57 $71,688.61
FEDERAL NATL MTG ASSN AL8674 FLT 5.64500 01/01/2049 US 1,294,495.96 $1,350,944.39
FEDERAL NATL MTG ASSN BK0433 3.50000 12/01/2049 US 883,279.49 $817,842.29
FEDERAL NATL MTG ASSN BW1194 4.00000 09/01/2052 US 1,927,500.92 $1,819,645.60
FEDERAL NATL MTG ASSN FN FS1179 3.50000 12/01/2049 US 1,182,214.02 $1,099,067.77
FEDERAL NATL MTG ASSN FN MA3412 3.50000 07/01/2038 US 109,401.26 $103,576.67
FEDERAL NATL MTG ASSN FN MA4687 4.00000 06/01/2042 US 1,266,096.73 $1,210,799.40
FEDERAL NATL MTG ASSN MA1903 4.50000 05/01/2034 US 228,281.43 $226,865.90
FEDERAL NATL MTG ASSN MA4600 3.50000 05/01/2052 US 1,324,510.77 $1,215,031.60
FEDERAL NATL MTG ASSN MA4644 4.00000 05/01/2052 US 1,302,056.79 $1,229,198.85
FEDERAL NATL MTG ASSN MA5043 5.00000 06/01/2038 US 1,790,000 $1,785,488.48
FEDERAL NATL MTG ASSN SD8044 3.00000 02/01/2050 US 1,252,409.19 $1,118,672.63
FEDERAL NATL MTG ASSN SD8276 5.00000 12/01/2052 US 1,267,841.68 $1,247,810.59
FEDERAL NATL MTG FN MA4203 2.50000 12/01/2040 US 1,297,964.34 $1,145,441.60
FEDEX CORPORATION US FDX 214 $46,647.72
FHLM GOLD POOL FG G08786 4.50000 10/01/2047 US 282,551.67 $278,450.72
FHLM POOL C91780 4.50000 07/01/2034 US 322,300.08 $321,103.92
FHLM POOL G05906 6.00000 04/01/2040 US 39,717.33 $42,030.82
FHLM POOL G13331 5.50000 10/01/2023 US 32.71 $32.58
FHLM POOL K91364 4.50000 11/01/2033 US 40,960.53 $40,861.50
FHLM POOL K92059 4.50000 09/01/2034 US 217,920.39 $217,058.86
FHLM POOL SD8230 4.50000 06/01/2052 US 861,991.8 $833,327.52
FIFTH THIRD BANCORP US FITB 1,108 $26,891.16
FINECOBANK SPA IT FBK IM 17,062 $227,917.07
FLAGSHIP COMMUNITIES REIT UT US MHC/U CN 7,144 $107,588.64
FLX 2021-1A A2 3.25000 11/27/2051 US 1,150,000 $1,018,900.00
FMC CORP US FMC 28,769 $2,994,277.52
FN DS2696 3.00000 12/01/2051 US 1,536,301.7 $1,372,127.80
FN MA4733 4.50000 09/01/2052 US 1,487,883.73 $1,438,410.26
FN MA4807 MTGE 5.50000 11/01/2052 US 1,045,961.08 $1,044,806.55
FN MA4868 MTGE 5.00000 01/01/2053 US 1,887,970.8 $1,858,145.32
FN MA4934 MTGE 5.00000 02/01/2043 US 1,951,275.76 $1,933,047.37
FNR 2018-31 KP 3.50000 07/25/2047 US 19,003.78 $18,370.94
FONTAINEBLEAU MIAMI BEACH TRUST 3.14400 12/10/2036 US 970,000 $920,736.83
FR SD1129 4.00000 08/01/2051 US 1,420,561.86 $1,357,199.57
FREMF 2015-K43 B FLT 3.73197 02/25/2048 US 2,100,000 $2,018,549.09
GENERAL DYNAMICS CORP US GD 329 $67,175.22
GENERAL MLS INC US GIS 799 $67,243.84
GENUINE PARTS CO US GPC 254 $37,828.22
GETTY REALTY CORP US GTY 5,389 $184,681.03
GILEAD SCIENCES INC US GILD 1,327 $102,099.38
GNR 2017-54 AH MTGE 2.60000 12/16/2056 US 221,176.43 $202,667.28
GOLDEN PEAR FUND HOLDCO 10.00000 03/02/2028 US 175,000 $163,648.77
GREENIDGE GEN HLD INC US 7,600 $36,100.00
GSMBS 2021-INV1 A6 2.50000 12/25/2051 US 611,510.44 $526,456.17
GSMBS 2021-PJ9 A8 2.50000 02/26/2052 US 501,545.88 $432,312.13
HALLIBURTON CO US HAL 996 $28,535.40
HARTFORD FINL SVCS US HIG 369 $25,283.88
HAWAII ST 2.68200 10/01/2038 US 100,000 $75,916.12
HDFC BANK LTD-ADR IN HDB 4,094 $263,653.60
HEALTHCARE REALTY TRUST INC US HR 12,295 $228,809.95
HEINEKEN NV NL HEIA NA 3,067 $310,314.34
HEINEKEN NV-SPN ADR NL HEINY 39,046 $1,973,384.84
HELIOS TOWERS PLC GB HTWS LN 71,122 $80,111.41
HOME DEPOT INC US HD 724 $205,217.80
HONEYWELL INTERNATIONAL INC US HON 649 $124,348.40
HUNTINGTON BANCSHARES US HBAN 1,867 $19,248.77
HWIRE 2021-1 A2 2.31100 11/20/2051 US 1,080,000 $958,973.58
IDEXX LABORATORIES INC US IDXX 4,599 $2,137,477.23
IMCD NV NL IMCD NA 700 $105,516.38
IMPRL 2021-NQM3 1.59500 11/25/2056 US 592,236.69 $496,989.13
INTERCONTINENTALEXCHANGE INC US ICE 13,869 $1,469,420.55
INTERMEDIATE CAPITAL GROUP GB ICP LN 7,145 $124,014.93
INTERNATIONAL BUSINESS MACH CORP US IBM 622 $79,982.98
INTERNATIONAL FLVRS & FRAGRANCES US IFF 356 $27,515.24
INTUIT INC US INTU 3,578 $1,499,611.36
INTUITIVE SURGICAL INC US ISRG 5,531 $1,702,663.04
INVITATION HOMES INC US INVH 7,094 $240,344.72
ITALY GOV'T INT BOND 2.37500 10/17/2024 IT 240,000 $229,545.18
JM SMUCKER CO/THE-NEW COM WI US SJM 208 $30,490.72
JOHNSON & JOHNSON US JNJ 29,427 $4,562,950.62
JP MORGAN CHASE & CO US JPM 1,687 $228,942.77
JPMMT 2014-2 1A1 3.00000 06/25/2029 US 190,963.5 $180,495.75
JPMORGAN CHASE & CO 4.49300 03/24/2031 US 1,670,000 $1,612,045.74
KELLOGG CO US K 398 $26,574.46
KEYENCE CORP JP 6861 JP 400 $193,911.16
KEYWORDS STUDIOS PLC IE KWS LN 3,016 $72,971.60
KIMBERLY CLARK DE MEXICO S.A.B. MX KIMBERA MM 161,600 $330,252.70
KRAFT HEINZ CO/THE US KHC 1,115 $42,615.30
L'OREAL FR OR FP 151 $64,650.09
L3HARRIS TECHNOLOGIES INC US LHX 10,790 $1,898,176.80
LEXINGTON REALTY TRUST US LXP 16,111 $166,587.74
LIFE STORAGE INC US LSI 1,635 $208,282.65
LINDE PLC IE LIN 487 $172,232.42
LOCKHEED MARTIN CORP US LMT 251 $111,446.51
LULULEMON - ADR CA LULU 638 $211,771.34
MARATHON OIL CORP US MRO 843 $18,680.88
MARATHON PETROLEUM CORP US MPC 521 $54,658.11
MASCO CORP US MAS 61,513 $2,972,308.16
MASTERCARD INC-CLASS A US MA 15,127 $5,521,657.54
MEDTRONIC INC IE MDT 41,164 $3,406,732.64
MEITUAN DIANPING - CLASS B CN 3690 HK 50 $702.06
MERCADOLIBRE INC BR MELI 161 $199,479.00
MERCK & CO INC US MRK 1,888 $208,454.08
META PLATFORMS INC US META 17,557 $4,647,689.04
MEX BONOS DESARR FIX RT 7.75000 05/29/2031 MX 1,500,000 $79,679.65
MICROCHIP TECHNOLOGY INC US MCHP 640 $48,166.40
MICRON TECHNOLOGY INC US MU 73,467 $5,010,449.40
MICROSOFT CORP US MSFT 10,042 $3,297,692.38
MID-AMERICA APARTMENT COMM US MAA 1,375 $202,207.50
MONARCH CASINO & RESORT INC US MCRI 1,245 $80,788.05
MONDELEZ INTERNATIONAL INC US MDLZ 41,544 $3,049,745.04
MOODY'S CORPORATION US MCO 9,085 $2,878,854.80
NAVIENT CORP 6.75000 06/25/2025 US 355,000 $345,429.32
NESTLE S.A. - ADR CH NSRGY 19,553 $2,321,527.69
NESTLE SA-REGISTERED CH NESN SW 3,007 $356,438.67
NETAPP INC US NTAP 419 $27,800.65
NEWCASTLE COAL INFRASTRU 4.40000 09/29/2027 AU 750,000 $674,717.00
NEWMONT GOLDCORP CORP US NEM 14,106 $571,998.30
NIKE INC CLASS B US NKE 11,587 $1,219,647.62
NORFOLK SOUTHN CORP US NSC 248 $51,628.64
NORTHROP GRUMMAN CORP US NOC 4,891 $2,129,981.59
NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 CA 370,000 $37.00
NOVARTIS AG- REG CH NVS 18,410 $1,771,962.50
NRZT 2014-3A AFX3 3.75000 11/25/2054 US 206,792 $189,106.20
NRZT 2015-2A A1 3.75000 08/25/2055 US 344,486.44 $321,732.49
NRZT 2016-4A A1 3.75000 11/25/2056 US 667,376.79 $613,970.50
OASIS 2023-1A 7.00000 02/15/2035 US 634,454.53 $629,492.08
ODFJELL DRILLING LTD 9.25000 05/31/2028 BM 300,000 $301,500.00
OMNICOM GROUP US OMC 383 $33,776.77
OXFIN 2020-1A A2 3.10100 02/15/2028 US 437,390.98 $433,244.51
OXFIN 2022-1A 3.60200 02/15/2030 US 975,000 $895,698.77
OXFIN 2023-1A A2 6.71600 02/15/2031 US 1,240,000 $1,230,334.08
PACKAGING CORP OF AMERICA US PKG 179 $22,201.37
PARAMOUNT GLOBAL CLASS B US PARA 1,050 $15,970.50
PEAR 2021-1 A MTGE 2.60000 01/15/2034 US 923,280.75 $871,649.41
PELORUS FUND REIT 7.00000 09/30/2026 US 335,000 $313,843.93
PEPSICO INC 3.90000 07/18/2032 US 1,280,000 $1,236,222.59
PFIZER INC US PFE 3,554 $135,123.08
PFMT 2021 -INV1 A1 2.50000 08/25/2051 US 960,980.28 $775,377.70
PFMT 2021-2 A2A 2.00000 04/25/2051 US 568,835.68 $483,743.95
PHILLIPS 66 US PSX 412 $37,743.32
PMTLT 2013-J1 a9 3.50000 09/25/2043 US 163,069.17 $147,507.08
POPULAR INC 6.12500 09/14/2023 PR 310,000 $308,450.00
PPG INDUSTRIES INC US PPG 289 $37,942.81
PROLOGIS US PLD 8,642 $1,076,361.10
PUBLIC STORAGE INC US PSA 1,300 $368,290.00
QUALCOMM INC US QCOM 1,054 $119,534.14
QUEST DIAGNOSTICS INC US DGX 224 $29,713.60
RAYTHEON TECHNOLOGIES CORP US RTX 951 $87,625.14
RCKT 2021-6 A1 2.50000 12/25/2051 US 1,030,618.86 $831,608.93
REALTY INCOME CORP US O 3,452 $205,186.88
REGIONS FINANCIAL CORP. US RF 1,674 $28,909.98
RENAISSANCERE HOLDINGS LTD BM RNR 1,060 $199,672.20
RENTOKIL INITIAL PLC GB RTO LN 31,961 $254,236.29
RENTOKIL INITIAL PLC-SP ADR GB RTO 38,157 $1,515,977.61
RESTAURANT BRANDS INTERN CA QSR 2,468 $179,941.88
REXFORD INDUSTRIAL REALITY IN US REXR 4,397 $239,372.68
S&P GLOBAL INC US SPGI 2,765 $1,015,943.95
SALESFORCE INC US CRM 7,746 $1,730,301.48
SBA COMMUNICATIONS CORP US SBAC 1,354 $300,290.12
SBA TOWER TRUST 6.59900 01/15/2028 US 1,150,000 $1,190,051.28
SCHLUMBERGER LTD NL SLB 1,177 $50,410.91
SEMT 2013-2 1.87400 02/25/2043 US 114,772.55 $99,986.51
SEMT 2013-6 A2 3.00000 05/25/2043 US 276,213.27 $237,869.38
SEMT 2013-7 A2 3.00000 06/25/2043 US 115,516.74 $102,129.46
SEMT 2013-8 A1 3.00000 06/25/2043 US 139,211.75 $123,624.00
SERVICENOW INC US NOW 7,160 $3,900,624.80
SIMON PROPERTY GROUP LP 2.65000 02/01/2032 US 2,240,000 $1,820,079.36
SKYWORKS SOLUTIONS INC US SWKS 248 $25,670.48
SLAM 2021-1A A MTGE 2.43400 06/15/2046 US 792,180 $697,118.40
SMB 2020-BA A1A 1.29000 07/15/2053 US 637,359.4 $556,902.70
SOFI 2018-B A2FX MTGE 3.34000 08/25/2047 US 177,004.13 $171,156.69
SONY CORP FIRST SECTION JP 6758 JP 3,300 $309,475.27
SORT 2020-1 A1 MTGE 1.69000 07/15/2060 US 674,589 $609,244.60
SORT 2020-1 A2 1.99000 07/15/2060 US 548,686.32 $461,257.60
SOUTH CAROLINA ST PUBLIC SVC 2.32900 12/01/2028 US 1,935,000 $1,677,344.51
SRPT 2014-STAR A FLTG RATE 6.57800 11/15/2027 US 1,329,512.42 $970,525.49
STAG INDUSTRIAL INC US STAG 3,174 $110,455.20
SUN COMMUNITIES US SUI 2,623 $332,150.49
SYNCHRONOSS TECH US 9,819 $181,651.50
SYSCO CORP US SYY 501 $35,044.95
TAH 2017-SFR2 A 2.92800 01/17/2036 US 621,135.88 $607,779.22
TAIWAN SEMICONDUCTOR - SP ADR TW TSM 27,566 $2,717,731.94
TE CONNECTIVITY LIMITED CH TEL 377 $46,174.96
TECHTRONIC INDUSTRIES CO LTD HK 669 HK 17,000 $157,433.99
TENCENT HOLDINGS 3.97500 04/11/2029 KY 2,860,000 $2,695,078.30
TENCENT HOLDINGS LTD CN 700 HK 6,800 $269,105.53
TERRENO REALTY CORP US TRNO 3,676 $225,449.08
TEXAS INSTRUMENTS INC US TXN 669 $116,325.72
THERMO FISHER SCIENTIFIC INC US TMO 2,522 $1,282,336.12
TOKYO ELECTRON LTD JP 8035 JP 1,200 $163,206.69
TPMT 2016-5 A1 2.50000 10/25/2056 US 173,934.34 $170,857.77
TPMT 2017-1 A1 2.75000 10/25/2056 US 81,562.97 $80,201.38
TPMT 2019-HY1 A1 6.13800 10/25/2048 US 267,306.2 $264,925.41
TRAVELLERS COS INC US TRV 323 $54,664.52
TREASURY BILL 0.00000 05/16/2024 US 7,725,000 $7,354,947.08
TREASURY BOND 2.37500 02/15/2042 US 15,185,000 $11,860,908.59
TREASURY NOTE 2.25000 11/15/2027 US 9,250,000 $8,652,363.33
TRUIST FINANCIAL CORP US TFC 1,239 $37,752.33
TYSON FOODS INC -CL A US TSN 515 $26,079.60
U.S. BANCORP US USB 1,668 $49,873.20
UDR INC US UDR 6,084 $241,352.28
UNILEVER PLC - ADR GB UL 72,681 $3,629,689.14
UNION PAC CORP US UNP 8,182 $1,575,198.64
UNITED AIR 2018-1 B PTT 4.60000 03/01/2026 US 49,732.34 $46,808.01
UNITED AIR 2019-2 B PTT 3.50000 05/01/2028 US 258,719.64 $233,352.97
UNITED PARCEL SERVICE US UPS 629 $105,043.00
US CLAIMS LIT FNDG LLC 10.25000 03/17/2028 US 250,000 $239,293.27
US TEASURY NOTE 1.75000 11/15/2029 US 19,570,000 $17,443,291.50
US TREASURY N/B 0.87500 11/15/2030 US 10,410,000 $8,562,225.00
US TREASURY N/B 1.37500 11/15/2031 US 10,165,000 $8,497,304.69
US TREASURY N/B 3.00000 05/15/2047 US 3,573,000 $3,014,160.47
US TREASURY N/B 3.12500 11/15/2028 US 8,780,000 $8,495,335.98
US TREASURY N/B 3.62500 02/15/2053 US 2,970,000 $2,844,239.06
USRE 2021-1 A1 1.91000 10/20/2061 US 1,225,000 $1,057,187.25
VALERO ENERGY US VLO 329 $35,216.16
VENTAS INC US VTR 2,691 $116,089.74
VERTEX PHARMACEUTICALS INC US VRTX 5,788 $1,872,823.16
VISA INC - CLASS A SHARES US V 16,024 $3,541,784.72
VISTRA OPERATIONS 4.87500 05/13/2024 US 1,105,000 $1,089,170.89
VISTRA OPERATIONS CO LLC 3.55000 07/15/2024 US 315,000 $304,695.45
WARNERMEDIA HOLDINGS INC 4.05400 03/15/2029 US 1,720,000 $1,571,624.22
WELLS FARGO COMPANY US WFC 2,368 $94,270.08
WELLTOWER INC. US WELL 2,670 $199,208.70
WIN 2015-1 A1 3.50000 01/20/2045 US 67,330.44 $61,392.81

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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