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 his or her current risk tolerance and investment time horizon, then decide when to move to a different objective as his or her personal situation changes over the years.

Time Horizon & Range of Stock Exposure

Conservative Term Moderate Term Extended Term Maximum Term
0-5 Years 3-10 Years 7-20 Years 15+ Years
15-45% 20-60% 40-70% 70-95%

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

Manning and Napier Risk-Based Funds Graphic

Learn more about our Pro-Mix® Series

Daily Price

$17.35

Daily $ Change

$0.02

Daily % Change

0.12%

as of 01/14/2021

CUSIP

302027149

Inception Date

10/15/2013

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

Important Documents

Annual Report
Applications & Forms

Performance

As of 12/31/2020

YTD

---

1 Year

18.56%

3 Year

11.03%

5 Year

10.35%

10 Year

8.07%

Inception
(01/01/2000)

7.77%

Performance through the inception date of the Pro-Mix® CIT Class U units is based on the historical performance of the CIT's oldest unit class. Returns are net of Pro-Mix CIT® Class U expenses. Performance data quoted represents past performance and does not guarantee future results. Performance for periods greater than one year is annualized. Your investment may fluctuate in value and there is a potential for loss as well as profit.

Expense Ratio

Gross 0.49%*

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

Top Ten Investments

As of 12/31/2020

TREASURY NOTES 8.03%
GOVERNMENT AGENCY 5.06%
TREASURY BONDS 2.44%
NOVARTIS AG- REG 1.74%
EXPEDIA INC 1.72%
UNILEVER PLC - ADR 1.71%
JOHNSON & JOHNSON 1.62%
MASTERCARD INC-CLASS A 1.58%
AMAZON.COM INC 1.57%
VISA INC - CLASS A SHARES 1.55%

This investment list is unaudited and excludes cash.

Asset Allocation

As of 12/31/2020

Stocks 59.80%
Bonds 39.33%
Cash 0.87%

Detailed Asset Class Allocation

As of 12/31/2020

International Equities 16.92%
Small Capitalization 2.41%
Mid Capitalization 9.32%
Large Capitalization 31.15%
Long Term Fixed Income 13.35%
Intermediate Term Fixed Income 23.78%
Short Term Fixed Income 2.20%
Cash 0.87%

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

December Fund Holdings

As of 12/31/2020

CUSIP Security Description Country Ticker Shares/Par Market Value (USD)
00206RDQ2 AT&T INC 4.25000 03/01/2027 US 580,000 $678,445.25
00287Y109 ABBVIE INC US ABBV 1,246 $133,508.90
00507V109 ACTIVISION INC US ATVI 32,960 $3,060,336.00
00653VAA9 ADAPTHEALTH LLC 6.12500 08/01/2028 US 115,000 $123,481.25
00774MAG0 AERCAP IRELAND CAP / GLOBA 4.45000 10/01/2025 IE 1,740,000 $1,938,146.21
00791GAA5 AG MERGER SUB II INC 10.75000 08/01/2027 US 120,000 $132,600.00
00842XAA7 AFFINITY GAMING 6.87500 12/15/2027 US 85,000 $89,062.15
008492100 AGREE REALTY CORP US ADC 2,824 $188,021.92
00912XAV6 AIR LEASE CORP 3.62500 04/01/2027 US 1,320,000 $1,414,633.52
01166WAA5 ALASKA AIR 2020-1 CL B 8.00000 08/15/2025 US 155,000 $168,369.09
01609W102 ALIBABA GROUP - ADR CN BABA 11,620 $2,704,322.60
01609WAT9 ALIBABA GROUP HOLDING 3.40000 12/06/2027 KY 2,070,000 $2,317,367.79
020002101 ALLSTATE CORPORATION US ALL 366 $40,234.38
02079K305 ALPHABET INC-CL A US GOOGL 3,030 $5,310,499.20
023135106 AMAZON.COM INC US AMZN 1,750 $5,699,627.50
0237400 DIAGEO PLC GB DGE LN 40,872 $1,617,254.48
024835100 AMERICAN CAMPUS COMMUNITIES US ACC 3,391 $145,033.07
025816109 AMERICAN EXPRESS CO US AXP 18,500 $2,236,835.00
02665T306 AMERICAN HOMES 4 RENT- A US AMH 8,715 $261,450.00
03027X100 AMERICAN TOWER REIT INC US AMT 11,450 $2,570,067.00
03027XAW0 AMERICAN TOWER CORP 3.80000 08/15/2029 US 1,740,000 $2,022,989.48
03064D108 AMERICOLD REALTY TRUST US COLD 7,718 $288,112.94
032654105 ANALOG DEVICES INC US ADI 335 $49,489.55
03690AAD8 ANTERO MIDSTREAM PART / FI 5.75000 03/01/2027 US 130,000 $127,725.00
03690AAF3 ANTERO MIDSTREAM PART/FI 5.75000 01/15/2028 US 85,000 $81,617.00
03690EAA6 ANTERO MIDSTREAM PART/FI 7.87500 05/15/2026 US 35,000 $36,140.30
03750L109 APARTMENT INCOME REIT CO US AIRC 2,996 $115,076.36
03784Y200 APPLE HOSPITALITY REIT INC US APLE 11,885 $153,435.35
039483102 ARCHER-DANIELS-MIDLAND CO US ADM 744 $37,505.04
04364VAR4 ASCENT RESOURCES 8.25000 12/31/2028 US 70,000 $69,825.00
045054AJ2 ASHTEAD CAPITAL INC 4.00000 05/01/2028 US 600,000 $637,284.00
053015103 AUTOMATIC DATA PROCESSING US ADP 321 $56,560.20
053484101 AVALONBAY COMMUNITIES INC US AVB 905 $145,189.15
05401AAJ0 AVOLON HOLDINGS FNDG LTD 3.25000 02/15/2027 KY 760,000 $775,441.86
055622104 BP PLC-SPONS ADR GB BP 38,275 $785,403.00
05722G100 BAKER HUGHES CO US BKR 1,482 $30,899.70
060505104 BANK OF AMERICA CORP US BAC 5,355 $162,310.05
06051GFM6 BANK OF AMERICA CORP 4.00000 01/22/2025 US 900,000 $1,011,313.36
071734AH0 BAUSCH HEALTH COS INC 5.00000 01/30/2028 CA 115,000 $118,512.10
084423102 WR BERKLEY CORP US WRB 35,160 $2,335,327.20
084670702 BERKSHIRE HATHAWAY INC-CL B US BRK/B 16,040 $3,719,194.80
086516101 BEST BUY INC US BBY 432 $43,109.28
09061G101 BIOMARIN PHARMACEUTICAL INC US BMRN 29,320 $2,571,070.80
0963318 DECHRA PHARMACEUTICALS PLC GB DPH LN 3,540 $166,722.37
105368203 BRANDYWINE REALTY TRUST US BDN 7,655 $91,171.05
110122108 BRISTOL MYERS SQUIBB CO US BMY 1,768 $109,669.04
116ESCAD6 BRUIN E&P PARTNERS LLC 0.00000 08/01/2023 US 385,000 $38.50
12467AAF5 C&S GROUP ENTERPRISES LL 5.00000 12/15/2028 US 125,000 $124,635.00
12503M108 CBOE GLOBAL MARKETS INC US CBOE 9,900 $921,888.00
12514G108 CDW CORP/DE US CDW 13,700 $1,805,523.00
12530MAA3 SORT 2020-1 A1 MTGE 1.69000 07/15/2060 US 715,784.13 $729,108.52
12530MAB1 SORT 2020-1 A2 1.99000 07/15/2060 US 593,982.23 $601,566.25
12541W209 C.H. ROBINSON WORLDWIDE INC US CHRW 266 $24,969.42
12555DAA3 CIM 2019-INV1 A1 4.00000 02/25/2049 US 215,548.24 $221,578.63
12572Q105 CME GROUP INC US CME 4,980 $906,609.00
12646XAH5 CSMC 2013-IVR3 A1 2.50000 05/25/2043 US 442,612.01 $450,559.42
12654TAA8 CNX MIDSTREAM PTR/CNX 6.50000 03/15/2026 US 85,000 $86,487.50
127097103 CABOT OIL & GAS CORP US COG 262,520 $4,273,825.60
133131102 CAMDEN PROPERTY TRUST US CPT 1,841 $183,952.72
13321L108 CAMECO CORP CA CCJ 176,189 $2,360,932.60
14174T107 CARETRUST REIT INC US CTRE 3,718 $82,465.24
149123101 CATERPILLAR INC US CAT 559 $101,749.18
14980AAA0 CAZENOVIA CREEK FUNDING LLC 3.56070 07/15/2030 US 315,407.96 $316,747.81
16119P108 CHARTER COMMUNICATIONS INC-A US CHTR 5,470 $3,618,678.50
172062101 CINCINNATI FINANCIAL CORP US CINF 210 $18,347.70
17275R102 CISCO SYSTEMS INC US CSCO 3,083 $137,964.25
172967424 CITIGROUP INC US C 1,605 $98,964.30
172967KA8 CITIGROUP INCA 4.45000 09/29/2027 US 1,140,000 $1,347,637.53
191216100 COCA COLA CO/THE US KO 68,440 $3,753,249.60
194162103 COLGATE-PALMOLIVE CO US CL 923 $78,925.73
20030N101 COMCAST CORP-CL A US CMCSA 2,396 $125,550.40
20030NCY5 COMCAST CORP 3.25000 11/01/2039 US 1,340,000 $1,521,417.12
20369C106 COMMUNITY HEALTHCARE TRUST I US CHCT 2,966 $139,728.26
20449X401 COMPASS GROUP PLC ADR GB CMPGY 93,780 $1,756,499.40
205887102 CONAGRA BRAND INC. US CAG 819 $29,696.94
20605P101 CONCHO RESOURCES INC US CXO 44,050 $2,570,317.50
20825C104 CONOCOPHILLIPS US COP 48,058 $1,921,839.42
21036P108 CONSTELLATION BRANDS INC-A US STZ 190 $41,619.50
21240E105 CONTROLADORA VUELA CIA DE AV MX VLRS 16,125 $200,272.50
217204106 COPART INC US CPRT 15,820 $2,013,095.00
222795502 COUSINS PROPERTIES INC US CUZ 8,108 $271,618.00
22534GAA1 CAALT 2020-1A 2.01000 02/15/2029 US 930,000 $950,840.93
22822V101 CROWN CASTLE INTL CORP US CCI 1,760 $280,174.40
22822VAN1 CROWN CASTLE INTL CORP 3.10000 11/15/2029 US 1,000,000 $1,101,933.95
22944PAA5 CSMC 2013-TH1 A1 2.13000 02/25/2043 US 270,822.82 $275,724.44
229663109 CUBESMART US CUBE 3,020 $101,502.20
231021106 CUMMINS INC US CMI 222 $50,416.20
253868103 DIGITAL REALTY TRUST INC US DLR 2,802 $390,907.02
256746108 DOLLAR TREE STORES INC US DLTR 16,530 $1,785,901.20
25746UDG1 DOMINION ENERGY 3.37500 04/01/2030 US 910,000 $1,036,576.33
25960P109 DOUGLAS EMMETT INC US DEI 4,397 $128,304.46
260003108 DOVER CORP US DOV 184 $23,230.00
26439XAC7 DCP MIDSTREAM OPERATING 8.12500 08/16/2030 US 100,000 $127,750.00
264411505 DUKE RLTY INVTS INC US DRE 5,936 $237,261.92
26875P101 EOG RESOURCES INC US EOG 36,029 $1,796,766.23
26884L109 EQT CORP US EQT 133,550 $1,697,420.50
26884LAG4 EQT CORP 8.75000 02/01/2030 US 90,000 $110,250.00
2715777 QUEBECOR INC -CL B CA QBR/B CN 14,875 $382,830.54
285512109 ELECTRONIC ARTS US EA 13,870 $1,991,732.00
291011104 EMERSON ELEC CO US EMR 787 $63,251.19
29273RAR0 ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 US 1,610,000 $1,964,177.07
29275YAC6 ENERSYS 4.37500 12/15/2027 US 15,000 $15,862.50
29444U700 EQUINIX INC US EQIX 5,527 $3,947,272.86
29472R108 EQUITY LIFESTYLE PROPERTIES US ELS 4,204 $266,365.44
297178105 ESSEX PROPERTY TRUST INC US ESS 443 $105,177.06
30212P303 EXPEDIA INC US EXPE 47,350 $6,269,140.00
30212PAS4 EXPEDIA GROUP INC 6.25000 05/01/2025 US 600,000 $695,460.35
30225T102 EXTRA SPACE STORAGE INC US EXR 662 $76,699.32
30231G102 EXXON MOBIL CORP US XOM 51,890 $2,138,905.80
302491303 FMC CORP US FMC 15,260 $1,753,831.80
30264DAA7 FS ENERGY & POWER FUND 7.50000 08/15/2023 US 120,000 $114,450.00
30286XAN9 FREMF 2015-K43 B FLT 3.73274 02/25/2048 US 2,100,000 $2,293,623.78
30291HAA5 FREMF 2013-K28 X2A 0.10000 06/25/2046 US 136,055,176.79 $215,497.79
30303M102 FACEBOOK INC -A US FB 19,290 $5,269,256.40
311900104 FASTENAL CO US FAST 865 $42,237.95
3128M5DD9 FHLM POOL G03400 5.50000 03/01/2037 US 175,338.58 $204,310.78
3128M6NC8 FHLM POOL G04587 5.50000 08/01/2038 US 114,130.99 $134,216.05
3128M73P9 FHLM POOL G05906 6.00000 04/01/2040 US 82,938.76 $98,438.97
3128MB4Q7 FHLM POOL G13331 5.50000 10/01/2023 US 2,830.06 $2,930.27
3128MBDP9 FHLM POOL G12610 6.00000 03/01/2022 US 3,702.6 $3,753.64
3128MBE45 FHLM POOL G12655 6.00000 05/01/2022 US 2,777.89 $2,825.62
3128MBRH2 FHLM POOL G12988 6.00000 01/01/2023 US 3,196.12 $3,293.78
3128MBUB1 FHLM POOL G13078 6.00000 03/01/2023 US 4,852.57 $4,992.44
3128MJ2U3 FHLM GOLD POOL FG G08786 4.50000 10/01/2047 US 726,887.25 $793,540.61
3128MJJT8 FHLM POOL G08273 5.50000 06/01/2038 US 165,182.96 $194,250.71
3128P76R9 FHLM POOL C91780 4.50000 07/01/2034 US 593,312.23 $656,017.20
3132DWAG8 FEDERAL NATL MTG ASSN FR SD8107 2.50000 11/01/2050 US 2,475,433.45 $2,611,746.29
3132LMMM5 FHLM POOL K91364 4.50000 11/01/2033 US 182,513.14 $197,675.59
3132LNE83 FHLM POOL K92059 4.50000 09/01/2034 US 407,000.71 $444,458.41
3135G05Y5 FANNIE MAE 0.75000 10/08/2027 US 3,510,000 $3,523,650.18
3136AY6W8 FNA 2017-M15 A1 FLT 2.95934 09/25/2027 US 1,229,249.41 $1,331,868.75
3136B1YD0 FNR 2018-31 KP 3.50000 07/25/2047 US 274,782.04 $284,622.15
3137ADTK3 FHMS K014 X1 FLT 1.17813 04/25/2021 US 2,525,680.17 $2,949.49
3137AJMG6 FMHS K016 X1 FLT 1.48098 10/25/2021 US 3,730,941.04 $19,204.27
3137AME78 FHMS K017 X1 FLT 1.28567 12/25/2021 US 25,034,563.75 $171,664.51
3137AUPF0 FHMS K021 x1 FLT 1.40440 06/25/2022 US 11,783,228.82 $174,043.00
3137B3NB0 FHMS K030 X1 FLT 0.16985 04/25/2023 US 44,065,810.73 $154,485.92
3137B4GZ3 FHMS K032 X1 FLT 0.08901 05/25/2023 US 28,345,560.1 $71,311.76
3137F4YU0 FHR 4791 BA MTGE 4.00000 03/15/2044 US 269,666.62 $272,873.60
3137FG2L8 FHR 4801 BA MTGE 4.50000 05/15/2044 US 128,474.92 $129,562.50
3138ABBY4 FEDERAL NATL MTG ASSN AH9054 4.50000 04/01/2041 US 132,909.21 $150,530.31
3138ETT89 FEDERAL NATL MTG ASSN AL8674 FLT 5.64100 01/01/2049 US 2,262,948.04 $2,652,659.85
31403DDX4 FEDERAL NATL MTG ASSN 745418 5.50000 04/01/2036 US 395,485.65 $464,807.00
31407EJW4 FEDERAL NATL MTG ASSN 828377 5.50000 06/01/2035 US 205,230.63 $241,246.19
31410FSE6 FEDERAL NATL MTG ASSN 888017 6.00000 11/01/2021 US 1,597.48 $1,610.05
31410FV51 FEDERAL NATL MTG ASSN 888136 6.00000 12/01/2021 US 2,459.92 $2,486.72
31410GCD3 FEDERAL NATL MTG ASSN 888468 5.50000 09/01/2021 US 5,823.15 $5,845.28
31410GN33 FEDERAL NATL MTG ASSN 888810 5.50000 11/01/2022 US 7,410.99 $7,451.13
31410KGB4 FEDERAL NATL MTG ASSN 889494 5.50000 01/01/2037 US 380,338.45 $446,495.66
31411JXP6 FEDERAL NATL MTG ASSN 909786 5.50000 03/01/2037 US 68,836.92 $80,496.96
31416BSW9 FEDERAL NATL MTG ASSN 995233 5.50000 10/01/2021 US 18.22 $18.29
31416BVW5 FEDERAL NATL MTG ASSN 995329 5.50000 12/01/2021 US 2,762.62 $2,779.97
31418BDH6 FEDERAL NATL MTG ASSN MA1903 4.50000 05/01/2034 US 579,278.88 $640,365.37
31418CYJ7 FEDERAL NATL MTG ASSN FN MA3412 3.50000 07/01/2038 US 278,052.55 $294,454.76
31418DU59 FEDERAL NATL MTG FN MA4203 2.50000 12/01/2040 US 2,119,223.59 $2,238,114.94
31418DU67 FEDERAL NATL MTG ASSN FN MA4204 2.00000 12/01/2040 US 2,152,976.85 $2,236,693.68
31418MG63 FEDERAL NATL MTG ASSN AD0220 6.00000 10/01/2038 US 31,196.22 $37,168.10
31418MQQ8 FEDERAL NATL MTG ASSN AD0462 5.50000 10/01/2024 US 6,871.81 $7,253.15
316773100 FIFTH THIRD BANCORP US FITB 1,065 $29,362.05
32054K103 FIRST INDUSTRIAL REALTY TR US FR 4,238 $178,546.94
34461LAA2 FONTAINEBLEAU MIAMI BEACH TRUST 3.14400 12/10/2036 US 970,000 $1,016,429.83
345370CW8 FORD MOTOR COMPANY 9.00000 04/22/2025 US 105,000 $128,731.05
345397XU2 FORD MOTOR CREDIT CO LLC 4.38900 01/08/2026 US 75,000 $78,726.00
346232AE1 FORESTAR GROUP INC 5.00000 03/01/2028 US 75,000 $77,437.50
34960PAB7 FORTRESS TRANS & INFRAST 6.50000 10/01/2025 US 85,000 $88,834.35
34960PAC5 FORTRESS TRANS & INFRAST 9.75000 08/01/2027 US 75,000 $85,968.75
35166FAA0 FOXTROT ESCROW ISSUER 12.25000 11/15/2026 US 90,000 $102,600.00
357081AE8 FREMF 2015-K720 B FLT 3.39339 07/25/2022 US 1,070,000 $1,105,721.42
36166LAA5 GEMS MENASA KY LTD/GEMS 7.12500 07/31/2026 AE 75,000 $78,187.50
36223NTR5 GNMA POOL 312960 9.00000 09/15/2021 US 32.36 $32.43
36257MAA3 GSMS 2019-70P A 1.15900 10/15/2036 US 925,000 $901,800.91
369550108 GENERAL DYNAMICS CORP US GD 307 $45,687.74
369604BQ5 GENERAL ELECTRIC CO 5.00000 01/21/2021 US 1,400,000 $1,302,350.00
370334104 GENERAL MLS INC US GIS 809 $47,569.20
372460105 GENUINE PARTS CO US GPC 273 $27,417.39
37255LAA5 GENWORTH MORTGAGE HLDING 6.50000 08/15/2025 US 160,000 $173,200.00
374297109 GETTY REALTY CORP US GTY 4,221 $116,246.34
375558103 GILEAD SCIENCES INC US GILD 1,139 $66,358.14
37953TAB1 GLOBAL SHIP LEASE INC 9.87500 11/15/2022 MH 200,000 $205,000.00
38379RRX3 GNR 2017-54 AH MTGE 2.60000 12/16/2056 US 1,041,528.03 $1,092,974.10
383909AF5 WR GRACE & CO-CONN 5.62500 10/01/2024 US 65,000 $70,118.75
384802104 WW GRAINGER INC US GWW 65 $26,542.10
388689101 GRAPHIC PACKAGING HOLDING CO US GPK 224,940 $3,810,483.60
400506101 GRUPO AEROPORTUARIO PAC-ADR MX PAC 860 $95,709.40
40051E202 GRUPO AEROPORTUARIO DEL SURESTE MX ASR 650 $107,204.50
4012250 AIRBUS SE FR AIR FP 995 $109,195.49
4031976 ADIDAS AG DE ADS GR 480 $174,626.38
404119BX6 HCA INC 4.12500 06/15/2029 US 870,000 $1,009,270.98
416515104 HARTFORD FINL SVCS US HIG 555 $27,183.90
418751AD5 HAT HOLDINGS I LLC/HAT 3.75000 09/15/2030 US 85,000 $88,187.50
419792A22 HAWAII ST 2.68200 10/01/2030 US 100,000 $104,149.00
421946104 HEALTHCARE REALTY TRUST INC US HR 4,685 $138,676.00
42225P501 HEALTHCARE TRUST OF AMERICA US HTA 5,903 $162,568.62
42250P103 HEALTHPEAK PROPERTIES INC US PEAK 7,823 $236,489.29
423012301 HEINEKEN NV-SPN ADR NL HEINY 33,650 $1,879,016.00
427866108 HERSHEY CO/THE US HSY 283 $43,109.39
431571AB4 HILLENBRAND INC 5.00000 09/15/2026 US 65,000 $72,881.25
43300A203 HILTON WORLDWIDE HOLDINGS INC US HLT 9,712 $1,080,557.12
437076102 HOME DEPOT INC US HD 758 $201,339.96
438516106 HONEYWELL INTERNATIONAL INC US HON 624 $132,724.80
440452100 HORMEL FOODS CORP US HRL 554 $25,821.94
443201AA6 HOWMET AEROSPACE INC 6.87500 05/01/2025 US 70,000 $81,900.00
443628AH5 HUDBAY MINERALS INC 6.12500 04/01/2029 CA 80,000 $86,200.00
444454AD4 HUGHES SATELLITE SYSTEMS 5.25000 08/01/2026 US 75,000 $82,781.25
450913AF5 IAMGOLD CORP 5.75000 10/15/2028 CA 115,000 $116,725.00
45168D104 IDEXX LABORATORIES INC US IDXX 4,000 $1,999,480.00
452308109 ILLINOIS TOOL WKS INC US ITW 355 $72,377.40
45337C102 INCYTE CORP US INCY 14,430 $1,255,121.40
45569LAA9 INDIGO NATURAL RES LLC 6.87500 02/15/2026 US 80,000 $81,800.00
45682RAA8 INFRABUILD AUSTRALIA PTY 12.00000 10/01/2024 AU 120,000 $121,350.00
45778Q107 INSPERITY INC US NSP 21,110 $1,718,776.20
458140100 INTEL CORP US INTC 2,910 $144,976.20
45866F104 INTERCONTINENTALEXCHANGE INC US ICE 33,160 $3,823,016.40
459200101 INTERNATIONAL BUSINESS MACH CORP US IBM 784 $98,689.92
459506101 INTERNATIONAL FLVRS & FRAGRANCES US IFF 137 $14,911.08
46116VAE5 INTL FC STORE INC 8.62500 06/15/2025 US 145,000 $157,687.50
46187BAA1 IHSFR 2017-SFR2 A 1.00300 12/17/2036 US 445,282.85 $444,196.72
46187BAB9 IHSFR 2017-SFR2 B 1.30300 12/17/2036 US 370,000 $369,104.27
46187W107 INVITATION HOMES INC US INVH 13,771 $408,998.70
46284VAN1 IRON MOUNTAIN INC 4.50000 02/15/2031 US 80,000 $83,800.00
465410BX5 ITALY GOV'T INT BOND 2.37500 10/17/2024 IT 500,000 $525,781.15
46625H100 JP MORGAN CHASE & CO US JPM 1,714 $217,797.98
46639GAL0 JPMMT 2013-1 1A2 3.00000 03/25/2043 US 200,714.19 $203,571.46
46640BAC8 JPMMT 2013-2 A2 3.50000 05/25/2043 US 237,765 $242,452.51
46641YAA1 JPMMT 2014-2 1A1 3.00000 06/25/2029 US 532,535.28 $544,657.81
46647PBP0 JPMORGAN CHASE & CO 2.95600 05/13/2031 US 1,610,000 $1,765,511.49
46647SAJ9 JPMMT 2017-3 1A5 3.50000 08/25/2047 US 111,064.94 $111,138.41
478160104 JOHNSON & JOHNSON US JNJ 37,504 $5,902,379.52
47987LAA9 JONAH NRG LLC/FINANCE 7.25000 10/15/2025 US 385,000 $3,766.84
48088LAB3 JOSEPH T RYERSON & SON 8.50000 08/01/2028 US 63,000 $71,347.50
482480100 KLA-TENCOR CORPORATION US KLAC 216 $55,924.56
487526AB1 KEHE DISTRIBUTORS LLC/FI 8.62500 10/15/2026 US 120,000 $134,700.00
49427F108 KILROY REALTY CORP US KRC 3,551 $203,827.40
494368103 KIMBERLY CLARK CORP US KMB 395 $53,257.85
494550AW6 KINDER MORGAN ENER PART 6.95000 01/15/2038 US 1,260,000 $1,724,070.15
49474FXR6 KING CNTY WA 1.30000 12/01/2028 US 795,000 $802,107.30
501044101 KROGER CO US KR 1,131 $35,920.56
50212YAC8 LPL HOLDINGS INC 4.62500 11/15/2027 US 80,000 $82,800.00
505742AG1 LADDER CAP FIN LLLP/CORP 5.25000 10/01/2025 US 150,000 $149,625.00
5107401 BEIERSDORF AG DE BEI GR 2,250 $258,659.13
512816109 LAMAR ADVERTISING CO-A US LAMR 1,402 $116,674.44
53223X107 LIFE STORAGE INC US LSI 1,384 $165,235.76
532457108 ELI LILLY & CO US LLY 558 $94,212.72
539830109 LOCKHEED MARTIN CORP US LMT 252 $89,454.96
541056AA5 LOGAN MERGER SUB INC 5.50000 09/01/2027 US 65,000 $68,087.50
54240F202 LONESTAR RES US INC NPV US 4,992 $9,085.44
550021109 LULULEMON - ADR CA LULU 409 $142,344.27
552848AG8 MGIC INVESTMENT CORP 5.25000 08/15/2028 US 120,000 $128,400.00
55303XAL9 MGM GROWTH/MGM FINANCE 3.87500 02/15/2029 US 85,000 $86,912.50
56585A102 MARATHON PETROLEUM CORP US MPC 954 $39,457.44
573284106 MARTIN MARIETTA MATERIALS US MLM 3,200 $908,704.00
57636Q104 MASTERCARD INC-CLASS A US MA 16,060 $5,732,456.40
577128AA9 MATTHEWS INTERNATIONAL C 5.25000 12/01/2025 US 125,000 $126,250.00
5852842 ACCOR SA FR AC FP 2,025 $73,468.61
58933Y105 MERCK & CO INC US MRK 1,782 $145,767.60
594918104 MICROSOFT CORP US MSFT 16,930 $3,765,570.60
595112103 MICRON TECHNOLOGY INC US MU 49,920 $3,752,985.60
59522J103 MID-AMERICA APARTMENT COMM US MAA 2,492 $315,711.48
609207105 MONDELEZ INTERNATIONAL INC US MDLZ 63,908 $3,736,700.76
615369105 MOODY'S CORPORATION US MCO 5,210 $1,512,150.40
61965RAA3 MOSS CREEK RESOURCES HLD 7.50000 01/15/2026 US 120,000 $91,200.00
62913TAJ1 NGL ENRGY PART LP/FIN CO 7.50000 11/01/2023 US 115,000 $81,434.38
6321954 TRAVELSKY TECHNOLOGY LTD-H CN 696 HK 146,000 $352,723.27
63938CAH1 NAVIENT CORP 6.75000 06/25/2025 US 115,000 $125,062.50
63938EAC8 NAVSL 2014-1 A3 FLT 0.65800 06/25/2031 US 766,571.19 $749,561.28
63938NAF1 NAVIOS SA LOGIST/FIN US 10.75000 07/01/2025 MUL 75,000 $80,250.00
64110D104 NETAPP INC US NTAP 363 $24,045.12
644393AA8 NEW FORTRESS ENERGY INC 6.75000 09/15/2025 US 160,000 $169,948.80
64829DAG1 NRZT 2014-3A AFX3 3.75000 11/25/2054 US 360,116.76 $385,817.21
64829EAA2 NRZT 2015-2A A1 3.75000 08/25/2055 US 626,840.75 $667,974.10
64829LAA6 NRZT 2016-4A A1 3.75000 11/25/2056 US 1,214,280.17 $1,293,845.76
64971XPG7 NEW YORK CITY NY TRANSITIONALFIN 1.58000 05/01/2024 US 385,000 $396,630.85
655844108 NORFOLK SOUTHN CORP US NSC 7,867 $1,869,277.87
6642321 NIKON CORP JP 7731 JP 230,900 $1,458,798.23
66727WAA0 NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 CA 370,000 $2,497.50
66987V109 NOVARTIS AG- REG CH NVS 66,875 $6,315,006.25
670346105 NUCOR CORP US NUE 546 $29,041.74
6742340 SHANDONG WEIGAO CN 1066 HK 160,000 $361,986.48
674599EA9 OCCIDENTAL PETROLEUM COR 8.87500 07/15/2030 US 75,000 $88,031.25
675232AB8 OCEANEERING INTL INC 6.00000 02/01/2028 US 110,000 $98,312.50
6821506 SONY CORP FIRST SECTION JP 6758 JP 2,700 $272,073.84
68389X105 ORACLE CORP US ORCL 1,720 $111,266.80
691205AC2 OWL ROCK TECHNOLOGY FINA 4.75000 12/15/2025 US 110,000 $114,866.93
691205AE8 OWL ROCK TECHNOLOGY 3.75000 06/17/2026 US 640,000 $643,473.84
69121KAE4 OWL ROCK CAPITAL CORP 3.40000 07/15/2026 US 125,000 $126,789.82
69144AAA7 OXFIN 2020-1A A2 3.10100 02/15/2028 US 1,200,000 $1,228,199.28
69145LAA2 OXFORD FIN LLC/CO-ISS II 6.37500 12/15/2022 US 85,000 $84,787.50
69306RAA4 P&L DEV LLC/PLD 7.75000 11/15/2025 US 120,000 $129,000.00
69327RAJ0 PDC ENERGY INC 5.75000 05/15/2026 US 70,000 $72,275.00
693456AW5 PMTLT 2013-J1 a9 3.50000 09/25/2043 US 435,007.69 $444,823.90
693475105 PNC FINANCIAL SERVICES GROUP US PNC 351 $52,299.00
693506107 PPG INDUSTRIES INC US PPG 251 $36,199.22
69354NAC0 PRA GROUP INC 7.37500 09/01/2025 US 115,000 $124,200.00
69356MAA4 PM GENERAL PURCHASER LLC 9.50000 10/01/2028 US 120,000 $132,900.00
701094104 PARKER HANNIFIN CORP US PH 150 $40,861.50
7021963 DEUTSCHE BOERSE AG DE DB1 GR 2,655 $452,073.02
70450Y103 PAYPAL HOLDINGS INC US PYPL 16,890 $3,955,638.00
7123870 NESTLE SA-REGISTERED CH NESN SW 30,760 $3,636,180.01
713448108 PEPSICO INC US PEP 12,510 $1,855,233.00
717081103 PFIZER INC US PFE 3,876 $142,675.56
723787107 PIONEER NATURAL RESOURCES CO US PXD 24,130 $2,748,165.70
741503AZ9 BOOKING HOLDINGS INC 3.60000 06/01/2026 US 1,780,000 $2,023,068.31
74165HAB4 PRIME HEALTHCARE SERVICE 7.25000 11/01/2025 US 120,000 $127,500.00
74166MAC0 PRIME SECSRVC BRW/FINANC 5.75000 04/15/2026 US 85,000 $93,075.00
74340W103 PROLOGIS US PLD 8,426 $839,735.16
74460D109 PUBLIC STORAGE INC US PSA 1,380 $318,683.40
747525103 QUALCOMM INC US QCOM 790 $120,348.60
74834L100 QUEST DIAGNOSTICS INC US DGX 222 $26,455.74
750236AW1 RADIAN GROUP INC 4.87500 03/15/2027 US 170,000 $186,694.00
75513E101 RAYTHEON TECHNOLOGIES CORP US RTX 1,210 $86,527.10
756109104 REALTY INCOME CORP US O 1,455 $90,457.35
7591EP100 REGIONS FINANCIAL CORP. US RF 1,574 $25,372.88
76131D103 RESTAURANT BRANDS INTERN CA QSR 2,540 $155,219.40
76169C100 REXFORD INDUSTRIAL REALITY IN US REXR 2,957 $145,218.27
7698356 GETINGE AB-B SHS SE GETIB SS 15,810 $369,980.63
773903109 ROCKWELL AUTOMATION INC US ROK 155 $38,875.55
7792559 HEINEKEN NV NL HEIA NA 2,100 $234,021.72
780259107 ROYAL DUTCH SHELL PLC-ADR B NL RDS/B 18,635 $626,322.35
783513203 RYANAIR HOLDINGS - ADR IE RYAAY 18,876 $2,075,982.48
78409V104 S&P GLOBAL INC US SPGI 3,810 $1,252,461.30
78410G104 SBA COMMUNICATIONS CORP US SBAC 8,730 $2,462,994.90
78442PGC4 SLM CORP 5.12500 04/05/2022 US 175,000 $178,937.50
78442PGD2 SLM CORP 4.20000 10/29/2025 US 155,000 $163,718.75
78449UAB4 SMB 2020-A A2A MTGE 2.23000 09/15/2037 US 1,055,000 $1,094,875.31
78449XAA0 SMB 2020-BA A1A 1.29000 07/15/2053 US 1,317,576.62 $1,322,041.62
785592AV8 SABINE PASS LIQUEFACTION 5.87500 06/30/2026 US 1,660,000 $2,007,109.88
806857108 SCHLUMBERGER LTD NL SLB 49,015 $1,069,997.45
81141R100 SEA LTD - ADR SG SE 1,643 $327,039.15
81745BAB1 SEMT 2013-6 A2 3.00000 05/25/2043 US 671,770.24 $682,474.63
81745CAB9 SEMT 2013-7 A2 3.00000 06/25/2043 US 265,624.01 $269,859.25
81745EAA7 SEMT 2013-8 A1 3.00000 06/25/2043 US 363,028.54 $368,832.50
81745MAA9 SEMT 2013-2 1.87400 02/25/2043 US 317,114.59 $320,156.16
81762P102 SERVICENOW INC US NOW 3,410 $1,876,966.30
83088M102 SKYWORKS SOLUTIONS INC US SWKS 192 $29,352.96
832696405 JM SMUCKER CO/THE-NEW COM WI US SJM 208 $24,044.80
83401BAB2 SOFI 2017-F A2FX 2.84000 01/25/2041 US 160,204.15 $163,750.78
83404RAB4 SOFI 2018-B A2FX MTGE 3.34000 08/25/2047 US 754,333.27 $776,393.07
83406TAB8 SOFI 2020-A A2FX MTGE 2.54000 05/15/2046 US 665,000 $687,128.41
835699307 SONY CORP SPONSORED ADR JP SNE 22,780 $2,303,058.00
837151XH7 SOUTH CAROLINA ST PUBLIC SVC 2.32900 12/01/2028 US 1,935,000 $2,024,493.75
844741BJ6 SOUTHWEST AIRLINES CO 5.25000 05/04/2025 US 1,290,000 $1,494,027.54
85172FAN9 SPRINGLEAF FINANCE CORP 7.12500 03/15/2026 US 80,000 $94,600.00
85254J102 STAG INDUSTRIAL INC US STAG 3,055 $95,682.60
854502101 STANLEY WORKS/THE US SWK 182 $32,497.92
85571BAL9 STARWOOD PROPERTY TRUST 4.75000 03/15/2025 US 120,000 $123,000.00
85571XAA5 SRPT 2014-STAR A FLTG RATE 1.62863 11/15/2027 US 1,329,512.42 $877,478.20
857949BL0 SS INT BEARING FD .022% 01/02/15 US 3,192,660.48 $3,192,660.48
861036AA9 STL HOLDING CO LLC 7.50000 02/15/2026 US 160,000 $166,000.00
866674104 SUN COMMUNITIES US SUI 2,523 $383,369.85
87105L104 SWITCH INC - A US SWCH 13,580 $222,304.60
871829107 SYSCO CORP US SYY 606 $45,001.56
874039100 TAIWAN SEMICONDUCTOR - SP ADR TW TSM 1,430 $155,927.20
87422VAA6 TALEN ENERGY SUPPLY LLC 6.50000 06/01/2025 US 80,000 $65,200.00
87485LAA2 TALOS PRODUCTION INC 12.00000 01/15/2026 US 75,000 $72,972.75
87677QAA9 TXEZ 2016-1A 3.13100 06/15/2028 US 139,215.01 $139,526.27
87901JAE5 TEGNA INC 4.62500 03/15/2028 US 70,000 $71,575.00
88032WAN6 TENCENT HOLDINGS 3.97500 04/11/2029 KY 1,300,000 $1,481,196.28
88146M101 TERRENO REALTY CORP US TRNO 2,141 $125,269.91
882508104 TEXAS INSTRUMENTS INC US TXN 809 $132,781.17
883556102 THERMO FISHER SCIENTIFIC INC US TMO 3,830 $1,783,937.40
88579Y101 3M CO US MMM 548 $95,784.92
89151E109 TOTAL S A SPONSORED ADR FR TOT 20,645 $865,231.95
89173CAA5 TPMT 2016-5 A1 2.50000 10/25/2056 US 1,344,046.83 $1,370,176.04
89173FAA8 TPMT 2017-1 A1 2.75000 10/25/2056 US 713,215.83 $730,975.97
89177EAA7 TPMT 2019-HY1 A1 1.14800 10/25/2048 US 670,930.71 $673,538.28
89417E109 TRAVELLERS COS INC US TRV 307 $43,093.59
89613FAA6 TAH 2017-SFR2 A 2.92800 01/17/2036 US 743,808.7 $766,800.50
89613GAA4 TAH 2020-SFR1 A 1.49900 07/17/2038 US 1,240,000 $1,253,211.46
89832Q109 TRUIST FINANCIAL CORP US TFC 1,515 $72,613.95
901109AF5 TUTOR PERINI CORP 6.87500 05/01/2025 US 195,000 $191,100.00
902494103 TYSON FOODS INC -CL A US TSN 478 $30,802.32
902653104 UDR INC US UDR 4,647 $178,584.21
902973304 U.S. BANCORP US USB 1,614 $75,196.26
904767704 UNILEVER PLC - ADR GB UL 102,996 $6,216,838.56
907818108 UNION PAC CORP US UNP 607 $126,389.54
909214BV9 UNISYS CORP 6.87500 11/01/2027 US 75,000 $81,937.50
91086QBG2 UNITED MEXICAN STATES 4.12500 01/21/2026 MX 200,000 $229,750.00
912810QK7 US TREASURY N/BB 3.87500 08/15/2040 US 2,830,000 $4,055,964.83
912810RX8 US TREASURY N/B 3.00000 05/15/2047 US 6,768,000 $8,863,171.86
9128282A7 UNITED STATES TREAS NTS 1.50000 08/15/2026 US 16,590,000 $17,566,606.68
9128284P2 US TREASURY N/B 2.62500 05/15/2021 US 3,677,000 $3,710,610.06
912828XB1 UNITED STATES TREAS NTS 2.12500 05/15/2025 US 3,565,000 $3,847,693.38
912828ZJ2 TSY INFL IX N/B 0.12500 04/15/2025 US 3,770,219.2 $4,055,734.77
918204108 VF CORP US VFC 542 $46,292.22
91913Y100 VALERO ENERGY US VLO 575 $32,527.75
92343VDU5 VERIZON COMMUNICATIONS 5.25000 03/16/2037 US 1,480,000 $2,005,681.21
92532F100 VERTEX PHARMACEUTICALS INC US VRTX 10,140 $2,396,487.60
92556V106 VIATRIS INC US VTRS 501 $9,388.74
92826C839 VISA INC - CLASS A SHARES US V 25,740 $5,630,110.20
92826CAK8 VISA INC 2.70000 04/15/2040 US 1,540,000 $1,681,112.51
92837TAA0 AUSTIN BIDCO INC 7.12500 12/15/2028 US 25,000 $26,093.75
928668BE1 VOLKSWAGEN GROUP AMERICA 3.35000 05/13/2025 US 940,000 $1,033,393.75
929160109 VULCAN MATERIALS CO US VMC 12,540 $1,859,807.40
93065PAA9 WBHT 2019-WBM A FLT 1.20900 12/15/2033 US 1,135,000 $1,103,862.52
931142103 WAL MART STORES US WMT 1,534 $221,126.10
94106L109 WASTE MANAGEMENT INC US WM 503 $59,318.79
949746101 WELLS FARGO COMPANY US WFC 3,402 $102,672.36
95040Q104 WELLTOWER INC. US WELL 1,644 $106,235.28
962178AN9 TRI POINTE GROUP / HOMES 5.87500 06/15/2024 US 115,000 $125,522.50
96949LAD7 WILLIAMS PARTNERS LP 3.75000 06/15/2027 US 1,330,000 $1,517,578.65
97652TAA1 WIN 2015-1 A1 3.50000 01/20/2045 US 239,714.29 $245,986.89
98311A105 WYNDHAM HOTELS & RESORTS INC US WH 1,695 $100,750.80
98978V103 ZOETIS INC US ZTS 5,760 $953,280.00
B02J639 ADMIRAL GROUP PLC GB ADM LN 12,210 $482,806.03
B1KFX13 GRUPO AEROPORTUARIO DEL CENT MX OMAB MM 13,500 $87,087.36
B1Y47Y7 GERRESHEIMER AG DE GXI GR 1,450 $156,365.86
B1Y9TB3 DANONE FR BN FP 5,398 $355,221.65
B3QJ0H8 TOURMALINE OIL CORP CA TOU CN 30,695 $413,800.14
B3ZD2V9 MEX BONOS DESARR FIX RT 6.50000 06/10/2021 MX 1,250,000 $63,343.30
B4888C1 CANADIAN GOVERNMENT FLT 2.75000 06/01/2022 CA 530,000 $431,569.64
B4NDCC9 MEX BONOS DESARR FIX RT 6.50000 06/09/2022 MX 3,100,000 $160,381.52
B4YVF56 BRENNTAG AG DE BNR GR 3,010 $234,062.22
B63QM77 NEXON CO LTD JP 3659 JP 134,850 $4,160,784.16
B6TC406 MEX BONOS DESARR FIX RT 7.75000 05/29/2031 MX 1,500,000 $88,563.28
BBQ3850 KEYWORDS STUDIOS PLC IE KWS LN 3,175 $123,983.66
BD6K457 COMPASS GROUP PLC GB CPG LN 7,915 $147,625.49
BFZZM64 S4 CAPITAL PLC GB SFOR LN 32,410 $221,603.37
BGHQ198 HIBERNIA REIT PLC IE HBRN ID 52,875 $74,542.33
BH8295835 SAUDI INTERNATIONAL BOND 2.90000 10/22/2025 SA 200,000 $215,470.00
BHJYC05 INTERCONTINENTAL HOTELS GROUP GB IHG LN 1,200 $77,778.07
BJ2KSG2 AKZO NOBEL NL AKZA NA 1,071 $114,955.35
BK0939417 AMERICAN TANKER INC 7.75000 07/02/2025 US 200,000 $200,410.00
BMMV2K8 TENCENT HOLDINGS LTD CN 700 HK 55,824 $4,016,748.82
BMXKJ81 FLAGSHIP COMMUNITIES REIT UT US MHC/U CN 4,529 $66,848.04
BNGN9Z1 FINECOBANK SPA IT FBK IM 31,520 $519,828.46
BP9DL90 INDUSTRIA DE DISENO TEXTIL ES ITX SM 8,110 $257,410.07
BVYVFW2 AUTO TRADER GROUP PLC GB AUTO LN 20,590 $167,597.19
BW1YVH8 WALMART DE MEXICO SAB DE CV MX WALMEX* MM 50,000 $140,455.79
BYPC1T4 ASSA ABLOY AB-B SE ASSAB SS 6,330 $156,427.05
BYYHL23 ANHEUSER-BUSCH INBEV SA/NV BE ABI BB 15,195 $1,060,105.74
BZ0VW78 BINGO INDUSTRIES LTD AU BIN AU 79,295 $148,527.35
BZ1HM42 ADYEN NV NL ADYEN NA 55 $127,794.80
G0772R208 BANK OF N.T. BUTTERFIELD&SON BM NTB 5,255 $163,745.80
G1151C101 ACCENTURE PLC - CL A IE ACN 392 $102,394.32
G29183103 EATON CORP PLC US ETN 526 $63,193.64
G51502105 JOHNSON CONTROLS INTERNATIONAL US JCI 1,157 $53,904.63
G5494J103 LINDE PLC GB LIN 349 $91,964.99
G5960L103 MEDTRONIC INC IE MDT 21,128 $2,474,933.92
G85158106 STONECO LTD-A BR STNE 3,420 $287,006.40
G8994E103 TRANE TECHNOLOGIES IE TT 1,344 $195,095.04
G97822103 PERRIGO CO PLC IE PRGO 4,690 $209,736.80
H01301128 ALCON INC CH ALC 77,998 $5,146,308.04
H1467J104 CHUBB LTD CH CB 448 $68,956.16
H2906T109 GARMIN LTD CH GRMN 231 $27,641.46
N53745100 LYONDELLBASELL INDU-CL A US LYB 505 $46,288.30
ZO1818103 NAVIGATOR HOLDINGS LTD 8.00000 09/10/2025 MH 150,000 $154,500.00
ZO4110185 BROOGE PETROLEUM AND GAS 8.50000 09/24/2025 AE 200,000 $190,129.29

Investments will change over time.

A Word About Risk

All investments involve risks, including possible loss of principal. Because the fund invests in both stocks and bonds, the value of your investment will fluctuate in response to stock market movements and changes in interest rates. Investing in the fund will also involve a number of other risks, including issuer-specific risk, foreign investment risk, and small-cap/mid-cap risk. Investments in options and futures, like all derivatives, can be highly volatile and involve risks in addition to the risks of the underlying instrument on which the derivative is based, such as counterparty, correlation and liquidity risk. Also, the use of leverage increases exposure to the market and may magnify potential losses.

About The Fund Manager

Manning & Napier Advisors, LLC (Manning & Napier) provides investment advisory services to Exeter Trust Company, Trustee of the Manning & Napier Collective Investment Trust Funds. Manning & Napier is headquartered in Rochester, NY and has more than 45 years of experience managing investment objectives. The Firm’s active management approach focuses on participating in rising markets and, as important, helping to reduce the risk of large losses in sustained bear market periods. A team of investment analysts and professionals make all investment decisions in an effort to provide investors with strong risk-adjusted returns.

Daily Price

$17.35

Daily $ Change

$0.02

Daily % Change

0.12%

as of 01/14/2021

CUSIP

302027149

Inception Date

10/15/2013

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

Important Documents

Annual Report
Fact Sheet
Applications & Forms

Investment Objective

To provide 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 his or her current risk tolerance and investment time horizon, then decide when to move to a different objective as his or her personal situation changes over the years.

Time Horizon & Range of Stock Exposure

Conservative Term Moderate Term Extended Term Maximum Term
0-5 Years 3-10 Years 7-20 Years 15+ Years
15-45% 20-60% 40-70% 70-95%

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

Manning and Napier Risk-Based Funds Graphic

Learn more about our Pro-Mix® Series

Performance

As of 12/31/2020

YTD

---

1 Year

18.56%

3 Year

11.03%

5 Year

10.35%

10 Year

8.07%

Inception
(01/01/2000)

7.77%

Performance through the inception date of the Pro-Mix® CIT Class U units is based on the historical performance of the CIT's oldest unit class. Returns are net of Pro-Mix CIT® Class U expenses. Performance data quoted represents past performance and does not guarantee future results. Performance for periods greater than one year is annualized. Your investment may fluctuate in value and there is a potential for loss as well as profit.

Expense Ratio

Gross 0.49%*

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

Top Ten Investments

As of 12/31/2020

TREASURY NOTES 8.03%
GOVERNMENT AGENCY 5.06%
TREASURY BONDS 2.44%
NOVARTIS AG- REG 1.74%
EXPEDIA INC 1.72%
UNILEVER PLC - ADR 1.71%
JOHNSON & JOHNSON 1.62%
MASTERCARD INC-CLASS A 1.58%
AMAZON.COM INC 1.57%
VISA INC - CLASS A SHARES 1.55%

This investment list is unaudited and excludes cash.

Asset Allocation

As of 12/31/2020

Stocks
59.80%
Bonds
39.33%
Cash
0.87%

Detailed Asset Class Allocation

As of 12/31/2020

International Equities
16.92%
Small Capitalization
2.41%
Mid Capitalization
9.32%
Large Capitalization
31.15%
Long Term Fixed Income
13.35%
Intermediate Term Fixed Income
23.78%
Short Term Fixed Income
2.20%
Cash
0.87%

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

December Fund Holdings

As of 12/31/2020

CUSIP Security Description Country Ticker Shares/Par Market Value (USD)
00206RDQ2 AT&T INC 4.25000 03/01/2027 US 580,000 $678,445.25
00287Y109 ABBVIE INC US ABBV 1,246 $133,508.90
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615369105 MOODY'S CORPORATION US MCO 5,210 $1,512,150.40
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62913TAJ1 NGL ENRGY PART LP/FIN CO 7.50000 11/01/2023 US 115,000 $81,434.38
6321954 TRAVELSKY TECHNOLOGY LTD-H CN 696 HK 146,000 $352,723.27
63938CAH1 NAVIENT CORP 6.75000 06/25/2025 US 115,000 $125,062.50
63938EAC8 NAVSL 2014-1 A3 FLT 0.65800 06/25/2031 US 766,571.19 $749,561.28
63938NAF1 NAVIOS SA LOGIST/FIN US 10.75000 07/01/2025 MUL 75,000 $80,250.00
64110D104 NETAPP INC US NTAP 363 $24,045.12
644393AA8 NEW FORTRESS ENERGY INC 6.75000 09/15/2025 US 160,000 $169,948.80
64829DAG1 NRZT 2014-3A AFX3 3.75000 11/25/2054 US 360,116.76 $385,817.21
64829EAA2 NRZT 2015-2A A1 3.75000 08/25/2055 US 626,840.75 $667,974.10
64829LAA6 NRZT 2016-4A A1 3.75000 11/25/2056 US 1,214,280.17 $1,293,845.76
64971XPG7 NEW YORK CITY NY TRANSITIONALFIN 1.58000 05/01/2024 US 385,000 $396,630.85
655844108 NORFOLK SOUTHN CORP US NSC 7,867 $1,869,277.87
6642321 NIKON CORP JP 7731 JP 230,900 $1,458,798.23
66727WAA0 NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 CA 370,000 $2,497.50
66987V109 NOVARTIS AG- REG CH NVS 66,875 $6,315,006.25
670346105 NUCOR CORP US NUE 546 $29,041.74
6742340 SHANDONG WEIGAO CN 1066 HK 160,000 $361,986.48
674599EA9 OCCIDENTAL PETROLEUM COR 8.87500 07/15/2030 US 75,000 $88,031.25
675232AB8 OCEANEERING INTL INC 6.00000 02/01/2028 US 110,000 $98,312.50
6821506 SONY CORP FIRST SECTION JP 6758 JP 2,700 $272,073.84
68389X105 ORACLE CORP US ORCL 1,720 $111,266.80
691205AC2 OWL ROCK TECHNOLOGY FINA 4.75000 12/15/2025 US 110,000 $114,866.93
691205AE8 OWL ROCK TECHNOLOGY 3.75000 06/17/2026 US 640,000 $643,473.84
69121KAE4 OWL ROCK CAPITAL CORP 3.40000 07/15/2026 US 125,000 $126,789.82
69144AAA7 OXFIN 2020-1A A2 3.10100 02/15/2028 US 1,200,000 $1,228,199.28
69145LAA2 OXFORD FIN LLC/CO-ISS II 6.37500 12/15/2022 US 85,000 $84,787.50
69306RAA4 P&L DEV LLC/PLD 7.75000 11/15/2025 US 120,000 $129,000.00
69327RAJ0 PDC ENERGY INC 5.75000 05/15/2026 US 70,000 $72,275.00
693456AW5 PMTLT 2013-J1 a9 3.50000 09/25/2043 US 435,007.69 $444,823.90
693475105 PNC FINANCIAL SERVICES GROUP US PNC 351 $52,299.00
693506107 PPG INDUSTRIES INC US PPG 251 $36,199.22
69354NAC0 PRA GROUP INC 7.37500 09/01/2025 US 115,000 $124,200.00
69356MAA4 PM GENERAL PURCHASER LLC 9.50000 10/01/2028 US 120,000 $132,900.00
701094104 PARKER HANNIFIN CORP US PH 150 $40,861.50
7021963 DEUTSCHE BOERSE AG DE DB1 GR 2,655 $452,073.02
70450Y103 PAYPAL HOLDINGS INC US PYPL 16,890 $3,955,638.00
7123870 NESTLE SA-REGISTERED CH NESN SW 30,760 $3,636,180.01
713448108 PEPSICO INC US PEP 12,510 $1,855,233.00
717081103 PFIZER INC US PFE 3,876 $142,675.56
723787107 PIONEER NATURAL RESOURCES CO US PXD 24,130 $2,748,165.70
741503AZ9 BOOKING HOLDINGS INC 3.60000 06/01/2026 US 1,780,000 $2,023,068.31
74165HAB4 PRIME HEALTHCARE SERVICE 7.25000 11/01/2025 US 120,000 $127,500.00
74166MAC0 PRIME SECSRVC BRW/FINANC 5.75000 04/15/2026 US 85,000 $93,075.00
74340W103 PROLOGIS US PLD 8,426 $839,735.16
74460D109 PUBLIC STORAGE INC US PSA 1,380 $318,683.40
747525103 QUALCOMM INC US QCOM 790 $120,348.60
74834L100 QUEST DIAGNOSTICS INC US DGX 222 $26,455.74
750236AW1 RADIAN GROUP INC 4.87500 03/15/2027 US 170,000 $186,694.00
75513E101 RAYTHEON TECHNOLOGIES CORP US RTX 1,210 $86,527.10
756109104 REALTY INCOME CORP US O 1,455 $90,457.35
7591EP100 REGIONS FINANCIAL CORP. US RF 1,574 $25,372.88
76131D103 RESTAURANT BRANDS INTERN CA QSR 2,540 $155,219.40
76169C100 REXFORD INDUSTRIAL REALITY IN US REXR 2,957 $145,218.27
7698356 GETINGE AB-B SHS SE GETIB SS 15,810 $369,980.63
773903109 ROCKWELL AUTOMATION INC US ROK 155 $38,875.55
7792559 HEINEKEN NV NL HEIA NA 2,100 $234,021.72
780259107 ROYAL DUTCH SHELL PLC-ADR B NL RDS/B 18,635 $626,322.35
783513203 RYANAIR HOLDINGS - ADR IE RYAAY 18,876 $2,075,982.48
78409V104 S&P GLOBAL INC US SPGI 3,810 $1,252,461.30
78410G104 SBA COMMUNICATIONS CORP US SBAC 8,730 $2,462,994.90
78442PGC4 SLM CORP 5.12500 04/05/2022 US 175,000 $178,937.50
78442PGD2 SLM CORP 4.20000 10/29/2025 US 155,000 $163,718.75
78449UAB4 SMB 2020-A A2A MTGE 2.23000 09/15/2037 US 1,055,000 $1,094,875.31
78449XAA0 SMB 2020-BA A1A 1.29000 07/15/2053 US 1,317,576.62 $1,322,041.62
785592AV8 SABINE PASS LIQUEFACTION 5.87500 06/30/2026 US 1,660,000 $2,007,109.88
806857108 SCHLUMBERGER LTD NL SLB 49,015 $1,069,997.45
81141R100 SEA LTD - ADR SG SE 1,643 $327,039.15
81745BAB1 SEMT 2013-6 A2 3.00000 05/25/2043 US 671,770.24 $682,474.63
81745CAB9 SEMT 2013-7 A2 3.00000 06/25/2043 US 265,624.01 $269,859.25
81745EAA7 SEMT 2013-8 A1 3.00000 06/25/2043 US 363,028.54 $368,832.50
81745MAA9 SEMT 2013-2 1.87400 02/25/2043 US 317,114.59 $320,156.16
81762P102 SERVICENOW INC US NOW 3,410 $1,876,966.30
83088M102 SKYWORKS SOLUTIONS INC US SWKS 192 $29,352.96
832696405 JM SMUCKER CO/THE-NEW COM WI US SJM 208 $24,044.80
83401BAB2 SOFI 2017-F A2FX 2.84000 01/25/2041 US 160,204.15 $163,750.78
83404RAB4 SOFI 2018-B A2FX MTGE 3.34000 08/25/2047 US 754,333.27 $776,393.07
83406TAB8 SOFI 2020-A A2FX MTGE 2.54000 05/15/2046 US 665,000 $687,128.41
835699307 SONY CORP SPONSORED ADR JP SNE 22,780 $2,303,058.00
837151XH7 SOUTH CAROLINA ST PUBLIC SVC 2.32900 12/01/2028 US 1,935,000 $2,024,493.75
844741BJ6 SOUTHWEST AIRLINES CO 5.25000 05/04/2025 US 1,290,000 $1,494,027.54
85172FAN9 SPRINGLEAF FINANCE CORP 7.12500 03/15/2026 US 80,000 $94,600.00
85254J102 STAG INDUSTRIAL INC US STAG 3,055 $95,682.60
854502101 STANLEY WORKS/THE US SWK 182 $32,497.92
85571BAL9 STARWOOD PROPERTY TRUST 4.75000 03/15/2025 US 120,000 $123,000.00
85571XAA5 SRPT 2014-STAR A FLTG RATE 1.62863 11/15/2027 US 1,329,512.42 $877,478.20
857949BL0 SS INT BEARING FD .022% 01/02/15 US 3,192,660.48 $3,192,660.48
861036AA9 STL HOLDING CO LLC 7.50000 02/15/2026 US 160,000 $166,000.00
866674104 SUN COMMUNITIES US SUI 2,523 $383,369.85
87105L104 SWITCH INC - A US SWCH 13,580 $222,304.60
871829107 SYSCO CORP US SYY 606 $45,001.56
874039100 TAIWAN SEMICONDUCTOR - SP ADR TW TSM 1,430 $155,927.20
87422VAA6 TALEN ENERGY SUPPLY LLC 6.50000 06/01/2025 US 80,000 $65,200.00
87485LAA2 TALOS PRODUCTION INC 12.00000 01/15/2026 US 75,000 $72,972.75
87677QAA9 TXEZ 2016-1A 3.13100 06/15/2028 US 139,215.01 $139,526.27
87901JAE5 TEGNA INC 4.62500 03/15/2028 US 70,000 $71,575.00
88032WAN6 TENCENT HOLDINGS 3.97500 04/11/2029 KY 1,300,000 $1,481,196.28
88146M101 TERRENO REALTY CORP US TRNO 2,141 $125,269.91
882508104 TEXAS INSTRUMENTS INC US TXN 809 $132,781.17
883556102 THERMO FISHER SCIENTIFIC INC US TMO 3,830 $1,783,937.40
88579Y101 3M CO US MMM 548 $95,784.92
89151E109 TOTAL S A SPONSORED ADR FR TOT 20,645 $865,231.95
89173CAA5 TPMT 2016-5 A1 2.50000 10/25/2056 US 1,344,046.83 $1,370,176.04
89173FAA8 TPMT 2017-1 A1 2.75000 10/25/2056 US 713,215.83 $730,975.97
89177EAA7 TPMT 2019-HY1 A1 1.14800 10/25/2048 US 670,930.71 $673,538.28
89417E109 TRAVELLERS COS INC US TRV 307 $43,093.59
89613FAA6 TAH 2017-SFR2 A 2.92800 01/17/2036 US 743,808.7 $766,800.50
89613GAA4 TAH 2020-SFR1 A 1.49900 07/17/2038 US 1,240,000 $1,253,211.46
89832Q109 TRUIST FINANCIAL CORP US TFC 1,515 $72,613.95
901109AF5 TUTOR PERINI CORP 6.87500 05/01/2025 US 195,000 $191,100.00
902494103 TYSON FOODS INC -CL A US TSN 478 $30,802.32
902653104 UDR INC US UDR 4,647 $178,584.21
902973304 U.S. BANCORP US USB 1,614 $75,196.26
904767704 UNILEVER PLC - ADR GB UL 102,996 $6,216,838.56
907818108 UNION PAC CORP US UNP 607 $126,389.54
909214BV9 UNISYS CORP 6.87500 11/01/2027 US 75,000 $81,937.50
91086QBG2 UNITED MEXICAN STATES 4.12500 01/21/2026 MX 200,000 $229,750.00
912810QK7 US TREASURY N/BB 3.87500 08/15/2040 US 2,830,000 $4,055,964.83
912810RX8 US TREASURY N/B 3.00000 05/15/2047 US 6,768,000 $8,863,171.86
9128282A7 UNITED STATES TREAS NTS 1.50000 08/15/2026 US 16,590,000 $17,566,606.68
9128284P2 US TREASURY N/B 2.62500 05/15/2021 US 3,677,000 $3,710,610.06
912828XB1 UNITED STATES TREAS NTS 2.12500 05/15/2025 US 3,565,000 $3,847,693.38
912828ZJ2 TSY INFL IX N/B 0.12500 04/15/2025 US 3,770,219.2 $4,055,734.77
918204108 VF CORP US VFC 542 $46,292.22
91913Y100 VALERO ENERGY US VLO 575 $32,527.75
92343VDU5 VERIZON COMMUNICATIONS 5.25000 03/16/2037 US 1,480,000 $2,005,681.21
92532F100 VERTEX PHARMACEUTICALS INC US VRTX 10,140 $2,396,487.60
92556V106 VIATRIS INC US VTRS 501 $9,388.74
92826C839 VISA INC - CLASS A SHARES US V 25,740 $5,630,110.20
92826CAK8 VISA INC 2.70000 04/15/2040 US 1,540,000 $1,681,112.51
92837TAA0 AUSTIN BIDCO INC 7.12500 12/15/2028 US 25,000 $26,093.75
928668BE1 VOLKSWAGEN GROUP AMERICA 3.35000 05/13/2025 US 940,000 $1,033,393.75
929160109 VULCAN MATERIALS CO US VMC 12,540 $1,859,807.40
93065PAA9 WBHT 2019-WBM A FLT 1.20900 12/15/2033 US 1,135,000 $1,103,862.52
931142103 WAL MART STORES US WMT 1,534 $221,126.10
94106L109 WASTE MANAGEMENT INC US WM 503 $59,318.79
949746101 WELLS FARGO COMPANY US WFC 3,402 $102,672.36
95040Q104 WELLTOWER INC. US WELL 1,644 $106,235.28
962178AN9 TRI POINTE GROUP / HOMES 5.87500 06/15/2024 US 115,000 $125,522.50
96949LAD7 WILLIAMS PARTNERS LP 3.75000 06/15/2027 US 1,330,000 $1,517,578.65
97652TAA1 WIN 2015-1 A1 3.50000 01/20/2045 US 239,714.29 $245,986.89
98311A105 WYNDHAM HOTELS & RESORTS INC US WH 1,695 $100,750.80
98978V103 ZOETIS INC US ZTS 5,760 $953,280.00
B02J639 ADMIRAL GROUP PLC GB ADM LN 12,210 $482,806.03
B1KFX13 GRUPO AEROPORTUARIO DEL CENT MX OMAB MM 13,500 $87,087.36
B1Y47Y7 GERRESHEIMER AG DE GXI GR 1,450 $156,365.86
B1Y9TB3 DANONE FR BN FP 5,398 $355,221.65
B3QJ0H8 TOURMALINE OIL CORP CA TOU CN 30,695 $413,800.14
B3ZD2V9 MEX BONOS DESARR FIX RT 6.50000 06/10/2021 MX 1,250,000 $63,343.30
B4888C1 CANADIAN GOVERNMENT FLT 2.75000 06/01/2022 CA 530,000 $431,569.64
B4NDCC9 MEX BONOS DESARR FIX RT 6.50000 06/09/2022 MX 3,100,000 $160,381.52
B4YVF56 BRENNTAG AG DE BNR GR 3,010 $234,062.22
B63QM77 NEXON CO LTD JP 3659 JP 134,850 $4,160,784.16
B6TC406 MEX BONOS DESARR FIX RT 7.75000 05/29/2031 MX 1,500,000 $88,563.28
BBQ3850 KEYWORDS STUDIOS PLC IE KWS LN 3,175 $123,983.66
BD6K457 COMPASS GROUP PLC GB CPG LN 7,915 $147,625.49
BFZZM64 S4 CAPITAL PLC GB SFOR LN 32,410 $221,603.37
BGHQ198 HIBERNIA REIT PLC IE HBRN ID 52,875 $74,542.33
BH8295835 SAUDI INTERNATIONAL BOND 2.90000 10/22/2025 SA 200,000 $215,470.00
BHJYC05 INTERCONTINENTAL HOTELS GROUP GB IHG LN 1,200 $77,778.07
BJ2KSG2 AKZO NOBEL NL AKZA NA 1,071 $114,955.35
BK0939417 AMERICAN TANKER INC 7.75000 07/02/2025 US 200,000 $200,410.00
BMMV2K8 TENCENT HOLDINGS LTD CN 700 HK 55,824 $4,016,748.82
BMXKJ81 FLAGSHIP COMMUNITIES REIT UT US MHC/U CN 4,529 $66,848.04
BNGN9Z1 FINECOBANK SPA IT FBK IM 31,520 $519,828.46
BP9DL90 INDUSTRIA DE DISENO TEXTIL ES ITX SM 8,110 $257,410.07
BVYVFW2 AUTO TRADER GROUP PLC GB AUTO LN 20,590 $167,597.19
BW1YVH8 WALMART DE MEXICO SAB DE CV MX WALMEX* MM 50,000 $140,455.79
BYPC1T4 ASSA ABLOY AB-B SE ASSAB SS 6,330 $156,427.05
BYYHL23 ANHEUSER-BUSCH INBEV SA/NV BE ABI BB 15,195 $1,060,105.74
BZ0VW78 BINGO INDUSTRIES LTD AU BIN AU 79,295 $148,527.35
BZ1HM42 ADYEN NV NL ADYEN NA 55 $127,794.80
G0772R208 BANK OF N.T. BUTTERFIELD&SON BM NTB 5,255 $163,745.80
G1151C101 ACCENTURE PLC - CL A IE ACN 392 $102,394.32
G29183103 EATON CORP PLC US ETN 526 $63,193.64
G51502105 JOHNSON CONTROLS INTERNATIONAL US JCI 1,157 $53,904.63
G5494J103 LINDE PLC GB LIN 349 $91,964.99
G5960L103 MEDTRONIC INC IE MDT 21,128 $2,474,933.92
G85158106 STONECO LTD-A BR STNE 3,420 $287,006.40
G8994E103 TRANE TECHNOLOGIES IE TT 1,344 $195,095.04
G97822103 PERRIGO CO PLC IE PRGO 4,690 $209,736.80
H01301128 ALCON INC CH ALC 77,998 $5,146,308.04
H1467J104 CHUBB LTD CH CB 448 $68,956.16
H2906T109 GARMIN LTD CH GRMN 231 $27,641.46
N53745100 LYONDELLBASELL INDU-CL A US LYB 505 $46,288.30
ZO1818103 NAVIGATOR HOLDINGS LTD 8.00000 09/10/2025 MH 150,000 $154,500.00
ZO4110185 BROOGE PETROLEUM AND GAS 8.50000 09/24/2025 AE 200,000 $190,129.29

Investments will change over time.

A Word About Risk

All investments involve risks, including possible loss of principal. Because the fund invests in both stocks and bonds, the value of your investment will fluctuate in response to stock market movements and changes in interest rates. Investing in the fund will also involve a number of other risks, including issuer-specific risk, foreign investment risk, and small-cap/mid-cap risk. Investments in options and futures, like all derivatives, can be highly volatile and involve risks in addition to the risks of the underlying instrument on which the derivative is based, such as counterparty, correlation and liquidity risk. Also, the use of leverage increases exposure to the market and may magnify potential losses.

About The Fund Manager

Manning & Napier Advisors, LLC (Manning & Napier) provides investment advisory services to Exeter Trust Company, Trustee of the Manning & Napier Collective Investment Trust Funds. Manning & Napier is headquartered in Rochester, NY and has more than 45 years of experience managing investment objectives. The Firm’s active management approach focuses on participating in rising markets and, as important, helping to reduce the risk of large losses in sustained bear market periods. A team of investment analysts and professionals make all investment decisions in an effort to provide investors with strong risk-adjusted returns.


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