Collective Investment Trusts

Pro-Mix® Maximum Term CIT

Investment Objective

To provide long-term capital growth.

Investment Strategy

The portfolio is invested in an aggressive, growth-oriented mix of securities that seeks to earn the long-term growth typically associated with the stock market. Holdings are diversified primarily among various stock investments in both domestic and foreign markets; only a minor portion of the fund is invested in 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 seek long-term capital growth and generally have the time to withstand market volatility
  • Who have a very 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

$61.55

Daily $ Change

$0.65

Daily % Change

1.06%

as of 04/23/2024

CUSIP

563821115

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 03/31/2024

YTD

4.53%

1 Year

16.07%

3 Year

3.83%

5 Year

10.19%

10 Year

8.24%

Inception
(01/01/2000)

7.80%

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 03/31/2024

TREASURY NOTES 11.45%
AMAZON.COM INC 4.32%
ALPHABET INC-CL A 2.96%
META PLATFORMS INC 2.79%
MASTERCARD INC-CLASS A 2.43%
VISA INC - CLASS A SHARES 2.42%
TREASURY BONDS 2.42%
MICRON TECHNOLOGY INC 2.40%
JOHNSON & JOHNSON 2.29%
MICROSOFT CORP 2.23%

This investment list is unaudited and excludes cash.

Asset Allocation

As of 03/31/2024

Stocks
79.70%
Bonds
18.43%
Cash
1.87%

Detailed Asset Class Allocation

As of 03/31/2024

International Equities
18.60%
Small Capitalization
0.16%
Mid Capitalization
3.92%
Large Capitalization
57.02%
Long Term Fixed Income
2.97%
Intermediate Term Fixed Income
14.36%
Short Term Fixed Income
1.10%
Cash
1.87%

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 857 $90,901.99
ABBOTT LABORATORIES US ABT 1,662 $188,902.92
ADMIRAL GROUP PLC GB ADM LN 14,757 $528,857.47
ADMIRAL GROUP PLC ADR GB AMIGY 47,322 $1,694,127.60
AERCAP IRELAND CAP/GLOBA 3.00000 10/29/2028 IE 500,000 $452,931.98
AGREE REALTY CORP US ADC 2,914 $166,447.68
AIR LIQUIDE FR AI FP 1,890 $393,212.04
AIRBUS SE FR AIR FP 2,540 $467,941.18
ALASKA AIR 2020-1 CL B 8.00000 08/15/2025 US 26,361.47 $26,835.99
ALCON INC CH ALC 47,168 $3,928,622.72
ALIBAB GROUP HOLDINGS 2.12500 02/09/2031 KY 250,000 $207,833.23
ALIBABA GROUP HOLDING 4.00000 12/06/2037 KY 1,030,000 $894,803.07
ALPHABET INC-CL A US GOOGL 79,568 $12,009,198.24
AMAZON.COM INC US AMZN 97,345 $17,559,091.10
AMAZON.COM INC 3.30000 04/13/2027 US 95,000 $91,394.22
AMERICAN HOMES 4 RENT- A US AMH 4,686 $172,351.08
AMERICAN TOWER REIT INC US AMT 1,044 $206,283.96
AMERICOLD REALTY TRUST US COLD 3,719 $92,677.48
ANALOG DEVICES INC US ADI 783 $154,869.57
APPLIED MATERIALS INC US AMAT 26,275 $5,418,693.25
ARCHER-DANIELS-MIDLAND CO US ADM 957 $60,109.17
ASHTEAD CAPITAL INC 4.00000 05/01/2028 US 470,000 $441,973.94
ASTRAZENECA GB AZN 124,409 $8,428,709.75
ATLASSIAN CORP PLC-CLASS A AU TEAM 1,160 $226,327.60
AUCKLAND INTL AIRPORT LTD NZ AIA NZ 55,429 $276,519.07
AUTO TRADER GROUP PLC GB AUTO LN 33,469 $295,561.86
AVALONBAY COMMUNITIES INC US AVB 1,195 $221,744.20
AVANZA BANK HOLDING AB SE AZA SS 7,013 $151,179.29
BAE SYSTEMS PLC GB BA/ LN 19,595 $334,005.16
BAE SYSTEMS PLC -SPON ADR GB BAESY 27,374 $1,898,386.90
BANK OF AMERICA CORP US BAC 5,704 $216,295.68
BANK OF AMERICA CORP 2.68700 04/22/2032 US 790,000 $668,316.21
BAXTER INTERNATIONAL INC US BAX 930 $39,748.20
BEIERSDORF AG DE BEI GR 2,691 $391,801.98
BIOMARIN PHARMACEUTICAL INC US BMRN 48,485 $4,234,679.90
BNSF FUNDING TRUST I 6.61300 12/15/2055 US 190,000 $188,679.42
BORR IHC LTD 10.00000 11/15/2028 MUL 200,000 $208,830.87
BOSTON SCIENTIFIC CORP US BSX 27,694 $1,896,762.06
BRENNTAG AG DE BNR GR 2,156 $181,709.93
BRISTOL MYERS SQUIBB CO US BMY 2,508 $136,008.84
BROADCOM INC US AVGO 305 $404,250.05
BROADRIDGE FINANCIAL SOLUTIONS US BR 285 $58,385.10
BROOGE PETROLEUM AND GAS 8.50000 09/24/2025 AE 202,966 $142,988.24
BUNGE LIMITED US BG 371 $38,034.92
C.H. ROBINSON WORLDWIDE INC US CHRW 370 $28,171.80
CAMPBELL SOUP CO US CPB 800 $35,560.00
CANADIAN NATIONAL RAILWAY CO CA CNI 31,013 $4,084,722.23
CAPITAL ONE FINANCIAL CO 5.70000 02/01/2030 US 910,000 $917,647.41
CATERPILLAR INC US CAT 760 $278,486.80
CELLNEX TELECOM SA ES CLNX SM 5,617 $198,699.71
CELLNEX TELECOM SAU-UNSP ADR ES CLLNY 145,371 $2,561,437.02
CENOVUS ENERGY INC 6.75000 11/15/2039 CA 630,000 $695,621.40
CHEVRON CORP US CVX 1,433 $226,041.42
CISCO SYSTEMS INC US CSCO 4,508 $224,994.28
CITIGROUP INC US C 2,561 $161,957.64
CITIGROUP INC 1.46200 06/09/2027 US 720,000 $661,512.71
CLARK CNTY NV 1.51000 11/01/2028 US 350,000 $301,578.76
CLEANAWAY WASTE MANAGEMENT AU CWY AU 174,852 $309,815.40
COCA COLA CO/THE US KO 125,300 $7,665,854.00
COGNIZANT TECH SOLUTIONS - A US CTSH 748 $54,820.92
COLGATE-PALMOLIVE CO US CL 1,316 $118,505.80
COMCAST CORP-CL A US CMCSA 4,446 $192,734.10
CONAGRA BRAND INC. US CAG 1,178 $34,915.92
CONOCOPHILLIPS US COP 1,292 $164,445.76
CONSTELLATION BRANDS INC-A US STZ 24,144 $6,561,373.44
COPART INC US CPRT 35,998 $2,085,004.16
CORNING INC US GLW 1,276 $42,056.96
COTERRA ENERGY INC US CTRA 1,544 $43,046.72
CROWN CASTLE INTL CORP US CCI 899 $95,141.17
CSX CORP US CSX 91,031 $3,374,519.17
CUMMINS INC US CMI 328 $96,645.20
CVS HEALTH CORP US CVS 1,252 $99,859.52
DEUTSCHE BOERSE AG DE DB1 GR 2,786 $570,544.80
DEUTSCHE BOERSE AG ADR DE DBOEY 120,737 $2,466,656.91
DEVON ENERGY CORPORATION US DVN 1,060 $53,190.80
DIAGEO PLC GB DGE LN 4,191 $155,076.30
DIAMONDBACK ENERGY INC US FANG 328 $64,999.76
DIGITAL REALTY TRUST INC US DLR 723 $104,140.92
DIGITALBRIDGE GROUP INC US DBRG 4,835 $93,170.45
DOLLARAMA INC CA DOL CN 3,117 $237,453.94
DOW INC US DOW 1,102 $63,838.86
DREYFUS GVT CSH MANAGEMENT US 7,749,685.06 $7,749,685.06
EBAY INC US EBAY 1,018 $53,730.04
ELECTRONIC ARTS US EA 56,286 $7,467,463.62
EMERSON ELEC CO US EMR 1,025 $116,255.50
ENERGY TRANSFER LP 7.37500 02/01/2031 US 425,000 $445,482.48
ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 US 630,000 $669,506.90
EOG RESOURCES INC US EOG 757 $96,774.88
EQUINIX INC US EQIX 8,023 $6,621,622.59
EQUITY COMMONWEALTH US EQC 4,418 $83,411.84
EQUITY LIFESTYLE PROPERTIES US ELS 2,969 $191,203.60
EQUITY RESIDENTIAL US EQR 1,901 $119,972.11
EVERGY INC US EVRG 96,059 $5,127,629.42
EXPERIAN GROUP LTD-SPON ADR IE EXPGY 60,419 $2,630,643.26
EXPERIAN PLC IE EXPN LN 7,324 $319,128.29
EXTRA SPACE STORAGE INC US EXR 1,303 $191,541.00
EXXON MOBIL CORP US XOM 2,276 $264,562.24
FEDEX CORPORATION US FDX 292 $84,604.08
FIFTH THIRD BANCORP US FITB 1,508 $56,112.68
FINECOBANK SPA IT FBK IM 11,224 $168,099.59
FIRST INDUSTRIAL REALTY TR US FR 1,270 $66,725.80
FLAGSHIP COMMUNITIES REIT UT US MHC/U CN 5,842 $100,599.24
FMC CORP US FMC 322 $20,511.40
GENERAL DYNAMICS CORP US GD 419 $118,363.31
GENERAL MLS INC US GIS 1,088 $76,127.36
GENUINE PARTS CO US GPC 346 $53,605.78
GILEAD SCIENCES INC US GILD 1,850 $135,512.50
GLOBANT SA LU GLOB 1,327 $267,921.30
GOLDEN PEAR FUND HOLDCO 10.00000 03/02/2028 US 105,000 $88,386.29
GOODMAN GROUP AU GMG AU 4,276 $94,188.76
HALLIBURTON CO US HAL 1,356 $53,453.52
HALMA PLC GB HLMA LN 16,303 $486,813.78
HARTFORD FINL SVCS US HIG 503 $51,834.15
HDFC BANK LTD-ADR IN HDB 61,053 $3,417,136.41
HEINEKEN NV NL HEIA NA 5,438 $524,264.74
HEINEKEN NV-SPN ADR NL HEINY 75,133 $3,631,177.89
HELIOS TOWERS PLC GB HTWS LN 59,435 $70,803.14
HOME DEPOT INC US HD 1,005 $385,518.00
HONEYWELL INTERNATIONAL INC US HON 898 $184,314.50
HUMANA INC US HUM 18,136 $6,288,113.92
HUNTINGTON BANCSHARES US HBAN 2,543 $35,474.85
IDEXX LABORATORIES INC US IDXX 4,661 $2,516,613.73
IMCD NV NL IMCD NA 2,874 $505,853.00
INFRABUILD AUTRALIA PTY 14.50000 11/15/2028 AU 190,000 $197,039.44
INTERCONTINENTALEXCHANGE INC US ICE 52,398 $7,201,057.14
INTERMEDIATE CAPITAL GROUP GB ICP LN 12,822 $332,108.84
INTERNATIONAL BUSINESS MACH CORP US IBM 791 $151,049.36
INTERNATIONAL FLVRS & FRAGRANCES US IFF 485 $41,705.15
INTUIT INC US INTU 5,800 $3,770,000.00
INTUITIVE SURGICAL INC US ISRG 9,935 $3,964,959.15
INVITATION HOMES INC US INVH 7,841 $279,218.01
JM SMUCKER CO/THE-NEW COM WI US SJM 283 $35,621.21
JOHNSON & JOHNSON US JNJ 58,906 $9,318,340.14
JP MORGAN CHASE & CO US JPM 16,090 $3,222,827.00
JPMORGAN CHASE & CO 4.49300 03/24/2031 US 1,150,000 $1,112,248.01
KELLOGG CO US K 542 $31,051.18
KEYENCE CORP JP 6861 JP 700 $324,982.64
KEYWORDS STUDIOS PLC IE KWS LN 12,034 $197,757.04
KRAFT HEINZ CO/THE US KHC 1,518 $56,014.20
L'OREAL FR OR FP 161 $76,245.04
L3HARRIS TECHNOLOGIES INC US LHX 38,171 $8,134,240.10
LEXINGTON REALTY TRUST US LXP 20,157 $181,816.14
LOCKHEED MARTIN CORP US LMT 353 $160,569.11
LONZA GROUP AG -REG CH LONN SW 741 $442,820.52
LONZA GROUP AG ADR CH LZAGY 66,679 $3,994,738.89
MARATHON OIL CORP US MRO 1,148 $32,534.32
MARATHON PETROLEUM CORP US MPC 658 $132,587.00
MARRIOTT VACATIONS WORLD US VAC 811 $87,369.03
MASCO CORP US MAS 59,946 $4,728,540.48
MASSMUTUAL GLOBAL FUNDING 4.85000 01/17/2029 US 220,000 $218,893.46
MASTERCARD INC-CLASS A US MA 20,497 $9,870,740.29
MEDTRONIC INC IE MDT 45,040 $3,925,236.00
MERCADOLIBRE INC BR MELI 1,542 $2,331,442.32
MERCK & CO INC US MRK 2,640 $348,348.00
MET LIFE GLOB FUNDING I 4.85000 01/08/2029 US 220,000 $218,412.70
META PLATFORMS INC US META 23,345 $11,335,865.10
MICROCHIP TECHNOLOGY INC US MCHP 872 $78,227.12
MICRON TECHNOLOGY INC US MU 82,647 $9,743,254.83
MICROSOFT CORP US MSFT 21,481 $9,037,486.32
MID-AMERICA APARTMENT COMM US MAA 524 $68,947.92
MONARCH CASINO & RESORT INC US MCRI 1,423 $106,710.77
MONDELEZ INTERNATIONAL INC US MDLZ 60,532 $4,237,240.00
MOODY'S CORPORATION US MCO 16,907 $6,644,958.21
NAVIENT CORP 6.75000 06/25/2025 US 185,000 $186,180.05
NESTLE S.A. - ADR CH NSRGY 49,948 $5,304,477.60
NESTLE SA-REGISTERED CH NESN SW 4,429 $470,581.07
NETAPP INC US NTAP 571 $59,937.87
NEW FORTRESS ENERGY INC 8.75000 03/15/2029 US 205,000 $204,295.99
NEW YORK LIFE GLOBAL FDG 4.70000 01/29/2029 US 220,000 $217,705.71
NEWCASTLE COAL INFRASTRU 4.40000 09/29/2027 AU 289,058.59 $273,506.68
NORFOLK SOUTHN CORP US NSC 7,695 $1,961,224.65
NORTHROP GRUMMAN CORP US NOC 7,552 $3,614,840.32
NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 CA 145,000 $1.45
NOVARTIS AG- REG CH NVS 28,899 $2,795,400.27
NRG 7.467 07/31/28 CORP 7.46700 07/31/2028 US 420,000 $444,055.78
NVIDIA CORP US NVDA 5,312 $4,799,710.72
OMNICOM GROUP US OMC 522 $50,508.72
OPEN INFRA IS ASSETS AB 11.00000 02/22/2027 US 200,000 $199,005.21
OXFINF 2024-A A2 6.67500 01/14/2032 US 50,000 $49,695.03
PACKAGING CORP OF AMERICA US PKG 243 $46,116.54
PALOMINO FUNDING TRUST I 7.23300 05/17/2028 US 520,000 $545,386.12
PARAMOUNT GLOBAL CLASS B US PARA 1,430 $16,831.10
PELORUS FUND REIT 7.00000 09/30/2026 US 190,000 $186,309.27
PEPSICO INC 3.90000 07/18/2032 US 940,000 $890,790.02
PFIZER INC US PFE 4,937 $137,001.75
PHILIP MORRIS INTERNATIONAL US PM 46,956 $4,302,108.72
PHILLIPS 66 US PSX 562 $91,797.08
PPG INDUSTRIES INC US PPG 394 $57,090.60
PROLOGIS US PLD 6,034 $785,747.48
PUBLIC STORAGE INC US PSA 1,011 $293,250.66
QUALCOMM 5.40000 05/20/2033 US 390,000 $409,442.13
QUALCOMM INC US QCOM 1,436 $243,114.80
QUALCOMM INC 4.25000 05/20/2032 US 530,000 $511,483.12
QUEST DIAGNOSTICS INC US DGX 305 $40,598.55
RAYTHEON TECHNOLOGIES CORP US RTX 1,282 $125,033.46
REALTY INCOME CORP US O 2,649 $143,310.90
REGIONS FINANCIAL CORP. US RF 2,279 $47,950.16
REXFORD INDUSTRIAL REALITY IN US REXR 4,613 $232,033.90
S&P GLOBAL INC US SPGI 11,088 $4,717,389.60
SALESFORCE INC US CRM 18,933 $5,702,240.94
SBA COMMUNICATIONS CORP US SBAC 17,321 $3,753,460.70
SBA TOWER TRUST 6.59900 01/15/2028 US 315,000 $322,851.06
SCHLUMBERGER LTD US SLB 1,602 $87,805.62
SERVICENOW INC US NOW 7,455 $5,683,692.00
SIMON PROPERTY 2.25000 01/15/2032 US 925,000 $757,139.00
SIMON PROPERTY GROUP LP 2.65000 02/01/2032 US 725,000 $611,485.42
SIRIUSPOINT LTD 7.00000 04/05/2029 BM 430,000 $429,337.80
SKYWORKS SOLUTIONS INC US SWKS 338 $36,612.16
SONY CORP FIRST SECTION JP 6758 JP 4,600 $394,453.36
SONY CORP SPONSORED ADR JP SONY 36,709 $3,147,429.66
SUN COMMUNITIES US SUI 2,319 $298,177.02
SYSCO CORP US SYY 682 $55,364.76
TAIWAN SEMICONDUCTOR - SP ADR TW TSM 62,601 $8,516,866.05
TE CONNECTIVITY LIMITED CH TEL 475 $68,989.00
TECHTRONIC INDUSTRIES CO LTD HK 669 HK 38,000 $516,338.88
TECHTRONIC INDUSTRIES-SP ADR HK TTNDY 26,670 $1,813,159.95
TENCENT HOLDINGS 3.97500 04/11/2029 KY 1,860,000 $1,767,985.04
TENCENT HOLDINGS LTD CN 700 HK 11,000 $428,449.38
TERRENO REALTY CORP US TRNO 3,063 $203,383.20
TEXAS INSTRUMENTS INC US TXN 912 $158,879.52
THERMO FISHER SCIENTIFIC INC US TMO 7,783 $4,523,557.43
TRAVELLERS COS INC US TRV 440 $101,261.60
TREASURY BOND 2.37500 02/15/2042 US 10,632,000 $7,920,840.00
TRUIST FINANCIAL CORP US TFC 1,687 $65,759.26
TSY INFL IX N/B 0.12500 01/15/2031 US 2,511,733.6 $2,238,330.82
TYSON FOODS INC -CL A US TSN 702 $41,228.46
U.S. BANCORP US USB 2,357 $105,357.90
UDR INC US UDR 1,855 $69,395.55
UNION PAC CORP US UNP 7,337 $1,804,388.41
UNITED AIR 2018-1 B PTT 4.60000 03/01/2026 US 17,140.57 $16,422.84
UNITED AIR 2019-2 B PTT 3.50000 05/01/2028 US 167,729.77 $154,948.35
UNITED PARCEL SERVICE US UPS 873 $129,753.99
UNITED STATES TREAS NTS 2.25000 11/15/2024 US 3,871,000 $3,800,989.33
UNITEDHEALTH GROUP INC US UNH 13,154 $6,507,283.80
US TEASURY NOTE 1.75000 11/15/2029 US 15,493,000 $13,649,575.16
US TREASURY N/B 0.87500 11/15/2030 US 20,699,000 $16,772,658.44
US TREASURY N/B 3.12500 11/15/2028 US 9,023,000 $8,599,342.00
US TREASURY N/B 3.62500 02/15/2053 US 2,180,000 $1,918,059.38
US TREASURY N/B 4.12500 11/15/2032 US 3,700,000 $3,678,609.38
VALERO ENERGY US VLO 448 $76,469.12
VENTAS INC US VTR 2,231 $97,137.74
VERTEX PHARMACEUTICALS INC US VRTX 5,846 $2,443,686.46
VISA INC - CLASS A SHARES US V 35,275 $9,844,547.00
WARNERMEDIA HOLDINGS INC 4.05400 03/15/2029 US 710,000 $664,599.43
WELLS FARGO COMPANY US WFC 3,122 $180,951.12
WELLTOWER INC. US WELL 2,945 $275,180.80

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

$61.55

Daily $ Change

$0.65

Daily % Change

1.06%

as of 04/23/2024

CUSIP

563821115

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.

Investment Strategy

The portfolio is invested in an aggressive, growth-oriented mix of securities that seeks to earn the long-term growth typically associated with the stock market. Holdings are diversified primarily among various stock investments in both domestic and foreign markets; only a minor portion of the fund is invested in 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 seek long-term capital growth and generally have the time to withstand market volatility
  • Who have a very 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 03/31/2024

YTD

4.53%

1 Year

16.07%

3 Year

3.83%

5 Year

10.19%

10 Year

8.24%

Inception
(01/01/2000)

7.80%

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 03/31/2024

TREASURY NOTES 11.45%
AMAZON.COM INC 4.32%
ALPHABET INC-CL A 2.96%
META PLATFORMS INC 2.79%
MASTERCARD INC-CLASS A 2.43%
VISA INC - CLASS A SHARES 2.42%
TREASURY BONDS 2.42%
MICRON TECHNOLOGY INC 2.40%
JOHNSON & JOHNSON 2.29%
MICROSOFT CORP 2.23%

This investment list is unaudited and excludes cash.

Asset Allocation

As of 03/31/2024

Stocks
79.70%
Bonds
18.43%
Cash
1.87%

Detailed Asset Class Allocation

As of 03/31/2024

International Equities
18.60%
Small Capitalization
0.16%
Mid Capitalization
3.92%
Large Capitalization
57.02%
Long Term Fixed Income
2.97%
Intermediate Term Fixed Income
14.36%
Short Term Fixed Income
1.10%
Cash
1.87%

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 857 $90,901.99
ABBOTT LABORATORIES US ABT 1,662 $188,902.92
ADMIRAL GROUP PLC GB ADM LN 14,757 $528,857.47
ADMIRAL GROUP PLC ADR GB AMIGY 47,322 $1,694,127.60
AERCAP IRELAND CAP/GLOBA 3.00000 10/29/2028 IE 500,000 $452,931.98
AGREE REALTY CORP US ADC 2,914 $166,447.68
AIR LIQUIDE FR AI FP 1,890 $393,212.04
AIRBUS SE FR AIR FP 2,540 $467,941.18
ALASKA AIR 2020-1 CL B 8.00000 08/15/2025 US 26,361.47 $26,835.99
ALCON INC CH ALC 47,168 $3,928,622.72
ALIBAB GROUP HOLDINGS 2.12500 02/09/2031 KY 250,000 $207,833.23
ALIBABA GROUP HOLDING 4.00000 12/06/2037 KY 1,030,000 $894,803.07
ALPHABET INC-CL A US GOOGL 79,568 $12,009,198.24
AMAZON.COM INC US AMZN 97,345 $17,559,091.10
AMAZON.COM INC 3.30000 04/13/2027 US 95,000 $91,394.22
AMERICAN HOMES 4 RENT- A US AMH 4,686 $172,351.08
AMERICAN TOWER REIT INC US AMT 1,044 $206,283.96
AMERICOLD REALTY TRUST US COLD 3,719 $92,677.48
ANALOG DEVICES INC US ADI 783 $154,869.57
APPLIED MATERIALS INC US AMAT 26,275 $5,418,693.25
ARCHER-DANIELS-MIDLAND CO US ADM 957 $60,109.17
ASHTEAD CAPITAL INC 4.00000 05/01/2028 US 470,000 $441,973.94
ASTRAZENECA GB AZN 124,409 $8,428,709.75
ATLASSIAN CORP PLC-CLASS A AU TEAM 1,160 $226,327.60
AUCKLAND INTL AIRPORT LTD NZ AIA NZ 55,429 $276,519.07
AUTO TRADER GROUP PLC GB AUTO LN 33,469 $295,561.86
AVALONBAY COMMUNITIES INC US AVB 1,195 $221,744.20
AVANZA BANK HOLDING AB SE AZA SS 7,013 $151,179.29
BAE SYSTEMS PLC GB BA/ LN 19,595 $334,005.16
BAE SYSTEMS PLC -SPON ADR GB BAESY 27,374 $1,898,386.90
BANK OF AMERICA CORP US BAC 5,704 $216,295.68
BANK OF AMERICA CORP 2.68700 04/22/2032 US 790,000 $668,316.21
BAXTER INTERNATIONAL INC US BAX 930 $39,748.20
BEIERSDORF AG DE BEI GR 2,691 $391,801.98
BIOMARIN PHARMACEUTICAL INC US BMRN 48,485 $4,234,679.90
BNSF FUNDING TRUST I 6.61300 12/15/2055 US 190,000 $188,679.42
BORR IHC LTD 10.00000 11/15/2028 MUL 200,000 $208,830.87
BOSTON SCIENTIFIC CORP US BSX 27,694 $1,896,762.06
BRENNTAG AG DE BNR GR 2,156 $181,709.93
BRISTOL MYERS SQUIBB CO US BMY 2,508 $136,008.84
BROADCOM INC US AVGO 305 $404,250.05
BROADRIDGE FINANCIAL SOLUTIONS US BR 285 $58,385.10
BROOGE PETROLEUM AND GAS 8.50000 09/24/2025 AE 202,966 $142,988.24
BUNGE LIMITED US BG 371 $38,034.92
C.H. ROBINSON WORLDWIDE INC US CHRW 370 $28,171.80
CAMPBELL SOUP CO US CPB 800 $35,560.00
CANADIAN NATIONAL RAILWAY CO CA CNI 31,013 $4,084,722.23
CAPITAL ONE FINANCIAL CO 5.70000 02/01/2030 US 910,000 $917,647.41
CATERPILLAR INC US CAT 760 $278,486.80
CELLNEX TELECOM SA ES CLNX SM 5,617 $198,699.71
CELLNEX TELECOM SAU-UNSP ADR ES CLLNY 145,371 $2,561,437.02
CENOVUS ENERGY INC 6.75000 11/15/2039 CA 630,000 $695,621.40
CHEVRON CORP US CVX 1,433 $226,041.42
CISCO SYSTEMS INC US CSCO 4,508 $224,994.28
CITIGROUP INC US C 2,561 $161,957.64
CITIGROUP INC 1.46200 06/09/2027 US 720,000 $661,512.71
CLARK CNTY NV 1.51000 11/01/2028 US 350,000 $301,578.76
CLEANAWAY WASTE MANAGEMENT AU CWY AU 174,852 $309,815.40
COCA COLA CO/THE US KO 125,300 $7,665,854.00
COGNIZANT TECH SOLUTIONS - A US CTSH 748 $54,820.92
COLGATE-PALMOLIVE CO US CL 1,316 $118,505.80
COMCAST CORP-CL A US CMCSA 4,446 $192,734.10
CONAGRA BRAND INC. US CAG 1,178 $34,915.92
CONOCOPHILLIPS US COP 1,292 $164,445.76
CONSTELLATION BRANDS INC-A US STZ 24,144 $6,561,373.44
COPART INC US CPRT 35,998 $2,085,004.16
CORNING INC US GLW 1,276 $42,056.96
COTERRA ENERGY INC US CTRA 1,544 $43,046.72
CROWN CASTLE INTL CORP US CCI 899 $95,141.17
CSX CORP US CSX 91,031 $3,374,519.17
CUMMINS INC US CMI 328 $96,645.20
CVS HEALTH CORP US CVS 1,252 $99,859.52
DEUTSCHE BOERSE AG DE DB1 GR 2,786 $570,544.80
DEUTSCHE BOERSE AG ADR DE DBOEY 120,737 $2,466,656.91
DEVON ENERGY CORPORATION US DVN 1,060 $53,190.80
DIAGEO PLC GB DGE LN 4,191 $155,076.30
DIAMONDBACK ENERGY INC US FANG 328 $64,999.76
DIGITAL REALTY TRUST INC US DLR 723 $104,140.92
DIGITALBRIDGE GROUP INC US DBRG 4,835 $93,170.45
DOLLARAMA INC CA DOL CN 3,117 $237,453.94
DOW INC US DOW 1,102 $63,838.86
DREYFUS GVT CSH MANAGEMENT US 7,749,685.06 $7,749,685.06
EBAY INC US EBAY 1,018 $53,730.04
ELECTRONIC ARTS US EA 56,286 $7,467,463.62
EMERSON ELEC CO US EMR 1,025 $116,255.50
ENERGY TRANSFER LP 7.37500 02/01/2031 US 425,000 $445,482.48
ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 US 630,000 $669,506.90
EOG RESOURCES INC US EOG 757 $96,774.88
EQUINIX INC US EQIX 8,023 $6,621,622.59
EQUITY COMMONWEALTH US EQC 4,418 $83,411.84
EQUITY LIFESTYLE PROPERTIES US ELS 2,969 $191,203.60
EQUITY RESIDENTIAL US EQR 1,901 $119,972.11
EVERGY INC US EVRG 96,059 $5,127,629.42
EXPERIAN GROUP LTD-SPON ADR IE EXPGY 60,419 $2,630,643.26
EXPERIAN PLC IE EXPN LN 7,324 $319,128.29
EXTRA SPACE STORAGE INC US EXR 1,303 $191,541.00
EXXON MOBIL CORP US XOM 2,276 $264,562.24
FEDEX CORPORATION US FDX 292 $84,604.08
FIFTH THIRD BANCORP US FITB 1,508 $56,112.68
FINECOBANK SPA IT FBK IM 11,224 $168,099.59
FIRST INDUSTRIAL REALTY TR US FR 1,270 $66,725.80
FLAGSHIP COMMUNITIES REIT UT US MHC/U CN 5,842 $100,599.24
FMC CORP US FMC 322 $20,511.40
GENERAL DYNAMICS CORP US GD 419 $118,363.31
GENERAL MLS INC US GIS 1,088 $76,127.36
GENUINE PARTS CO US GPC 346 $53,605.78
GILEAD SCIENCES INC US GILD 1,850 $135,512.50
GLOBANT SA LU GLOB 1,327 $267,921.30
GOLDEN PEAR FUND HOLDCO 10.00000 03/02/2028 US 105,000 $88,386.29
GOODMAN GROUP AU GMG AU 4,276 $94,188.76
HALLIBURTON CO US HAL 1,356 $53,453.52
HALMA PLC GB HLMA LN 16,303 $486,813.78
HARTFORD FINL SVCS US HIG 503 $51,834.15
HDFC BANK LTD-ADR IN HDB 61,053 $3,417,136.41
HEINEKEN NV NL HEIA NA 5,438 $524,264.74
HEINEKEN NV-SPN ADR NL HEINY 75,133 $3,631,177.89
HELIOS TOWERS PLC GB HTWS LN 59,435 $70,803.14
HOME DEPOT INC US HD 1,005 $385,518.00
HONEYWELL INTERNATIONAL INC US HON 898 $184,314.50
HUMANA INC US HUM 18,136 $6,288,113.92
HUNTINGTON BANCSHARES US HBAN 2,543 $35,474.85
IDEXX LABORATORIES INC US IDXX 4,661 $2,516,613.73
IMCD NV NL IMCD NA 2,874 $505,853.00
INFRABUILD AUTRALIA PTY 14.50000 11/15/2028 AU 190,000 $197,039.44
INTERCONTINENTALEXCHANGE INC US ICE 52,398 $7,201,057.14
INTERMEDIATE CAPITAL GROUP GB ICP LN 12,822 $332,108.84
INTERNATIONAL BUSINESS MACH CORP US IBM 791 $151,049.36
INTERNATIONAL FLVRS & FRAGRANCES US IFF 485 $41,705.15
INTUIT INC US INTU 5,800 $3,770,000.00
INTUITIVE SURGICAL INC US ISRG 9,935 $3,964,959.15
INVITATION HOMES INC US INVH 7,841 $279,218.01
JM SMUCKER CO/THE-NEW COM WI US SJM 283 $35,621.21
JOHNSON & JOHNSON US JNJ 58,906 $9,318,340.14
JP MORGAN CHASE & CO US JPM 16,090 $3,222,827.00
JPMORGAN CHASE & CO 4.49300 03/24/2031 US 1,150,000 $1,112,248.01
KELLOGG CO US K 542 $31,051.18
KEYENCE CORP JP 6861 JP 700 $324,982.64
KEYWORDS STUDIOS PLC IE KWS LN 12,034 $197,757.04
KRAFT HEINZ CO/THE US KHC 1,518 $56,014.20
L'OREAL FR OR FP 161 $76,245.04
L3HARRIS TECHNOLOGIES INC US LHX 38,171 $8,134,240.10
LEXINGTON REALTY TRUST US LXP 20,157 $181,816.14
LOCKHEED MARTIN CORP US LMT 353 $160,569.11
LONZA GROUP AG -REG CH LONN SW 741 $442,820.52
LONZA GROUP AG ADR CH LZAGY 66,679 $3,994,738.89
MARATHON OIL CORP US MRO 1,148 $32,534.32
MARATHON PETROLEUM CORP US MPC 658 $132,587.00
MARRIOTT VACATIONS WORLD US VAC 811 $87,369.03
MASCO CORP US MAS 59,946 $4,728,540.48
MASSMUTUAL GLOBAL FUNDING 4.85000 01/17/2029 US 220,000 $218,893.46
MASTERCARD INC-CLASS A US MA 20,497 $9,870,740.29
MEDTRONIC INC IE MDT 45,040 $3,925,236.00
MERCADOLIBRE INC BR MELI 1,542 $2,331,442.32
MERCK & CO INC US MRK 2,640 $348,348.00
MET LIFE GLOB FUNDING I 4.85000 01/08/2029 US 220,000 $218,412.70
META PLATFORMS INC US META 23,345 $11,335,865.10
MICROCHIP TECHNOLOGY INC US MCHP 872 $78,227.12
MICRON TECHNOLOGY INC US MU 82,647 $9,743,254.83
MICROSOFT CORP US MSFT 21,481 $9,037,486.32
MID-AMERICA APARTMENT COMM US MAA 524 $68,947.92
MONARCH CASINO & RESORT INC US MCRI 1,423 $106,710.77
MONDELEZ INTERNATIONAL INC US MDLZ 60,532 $4,237,240.00
MOODY'S CORPORATION US MCO 16,907 $6,644,958.21
NAVIENT CORP 6.75000 06/25/2025 US 185,000 $186,180.05
NESTLE S.A. - ADR CH NSRGY 49,948 $5,304,477.60
NESTLE SA-REGISTERED CH NESN SW 4,429 $470,581.07
NETAPP INC US NTAP 571 $59,937.87
NEW FORTRESS ENERGY INC 8.75000 03/15/2029 US 205,000 $204,295.99
NEW YORK LIFE GLOBAL FDG 4.70000 01/29/2029 US 220,000 $217,705.71
NEWCASTLE COAL INFRASTRU 4.40000 09/29/2027 AU 289,058.59 $273,506.68
NORFOLK SOUTHN CORP US NSC 7,695 $1,961,224.65
NORTHROP GRUMMAN CORP US NOC 7,552 $3,614,840.32
NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 CA 145,000 $1.45
NOVARTIS AG- REG CH NVS 28,899 $2,795,400.27
NRG 7.467 07/31/28 CORP 7.46700 07/31/2028 US 420,000 $444,055.78
NVIDIA CORP US NVDA 5,312 $4,799,710.72
OMNICOM GROUP US OMC 522 $50,508.72
OPEN INFRA IS ASSETS AB 11.00000 02/22/2027 US 200,000 $199,005.21
OXFINF 2024-A A2 6.67500 01/14/2032 US 50,000 $49,695.03
PACKAGING CORP OF AMERICA US PKG 243 $46,116.54
PALOMINO FUNDING TRUST I 7.23300 05/17/2028 US 520,000 $545,386.12
PARAMOUNT GLOBAL CLASS B US PARA 1,430 $16,831.10
PELORUS FUND REIT 7.00000 09/30/2026 US 190,000 $186,309.27
PEPSICO INC 3.90000 07/18/2032 US 940,000 $890,790.02
PFIZER INC US PFE 4,937 $137,001.75
PHILIP MORRIS INTERNATIONAL US PM 46,956 $4,302,108.72
PHILLIPS 66 US PSX 562 $91,797.08
PPG INDUSTRIES INC US PPG 394 $57,090.60
PROLOGIS US PLD 6,034 $785,747.48
PUBLIC STORAGE INC US PSA 1,011 $293,250.66
QUALCOMM 5.40000 05/20/2033 US 390,000 $409,442.13
QUALCOMM INC US QCOM 1,436 $243,114.80
QUALCOMM INC 4.25000 05/20/2032 US 530,000 $511,483.12
QUEST DIAGNOSTICS INC US DGX 305 $40,598.55
RAYTHEON TECHNOLOGIES CORP US RTX 1,282 $125,033.46
REALTY INCOME CORP US O 2,649 $143,310.90
REGIONS FINANCIAL CORP. US RF 2,279 $47,950.16
REXFORD INDUSTRIAL REALITY IN US REXR 4,613 $232,033.90
S&P GLOBAL INC US SPGI 11,088 $4,717,389.60
SALESFORCE INC US CRM 18,933 $5,702,240.94
SBA COMMUNICATIONS CORP US SBAC 17,321 $3,753,460.70
SBA TOWER TRUST 6.59900 01/15/2028 US 315,000 $322,851.06
SCHLUMBERGER LTD US SLB 1,602 $87,805.62
SERVICENOW INC US NOW 7,455 $5,683,692.00
SIMON PROPERTY 2.25000 01/15/2032 US 925,000 $757,139.00
SIMON PROPERTY GROUP LP 2.65000 02/01/2032 US 725,000 $611,485.42
SIRIUSPOINT LTD 7.00000 04/05/2029 BM 430,000 $429,337.80
SKYWORKS SOLUTIONS INC US SWKS 338 $36,612.16
SONY CORP FIRST SECTION JP 6758 JP 4,600 $394,453.36
SONY CORP SPONSORED ADR JP SONY 36,709 $3,147,429.66
SUN COMMUNITIES US SUI 2,319 $298,177.02
SYSCO CORP US SYY 682 $55,364.76
TAIWAN SEMICONDUCTOR - SP ADR TW TSM 62,601 $8,516,866.05
TE CONNECTIVITY LIMITED CH TEL 475 $68,989.00
TECHTRONIC INDUSTRIES CO LTD HK 669 HK 38,000 $516,338.88
TECHTRONIC INDUSTRIES-SP ADR HK TTNDY 26,670 $1,813,159.95
TENCENT HOLDINGS 3.97500 04/11/2029 KY 1,860,000 $1,767,985.04
TENCENT HOLDINGS LTD CN 700 HK 11,000 $428,449.38
TERRENO REALTY CORP US TRNO 3,063 $203,383.20
TEXAS INSTRUMENTS INC US TXN 912 $158,879.52
THERMO FISHER SCIENTIFIC INC US TMO 7,783 $4,523,557.43
TRAVELLERS COS INC US TRV 440 $101,261.60
TREASURY BOND 2.37500 02/15/2042 US 10,632,000 $7,920,840.00
TRUIST FINANCIAL CORP US TFC 1,687 $65,759.26
TSY INFL IX N/B 0.12500 01/15/2031 US 2,511,733.6 $2,238,330.82
TYSON FOODS INC -CL A US TSN 702 $41,228.46
U.S. BANCORP US USB 2,357 $105,357.90
UDR INC US UDR 1,855 $69,395.55
UNION PAC CORP US UNP 7,337 $1,804,388.41
UNITED AIR 2018-1 B PTT 4.60000 03/01/2026 US 17,140.57 $16,422.84
UNITED AIR 2019-2 B PTT 3.50000 05/01/2028 US 167,729.77 $154,948.35
UNITED PARCEL SERVICE US UPS 873 $129,753.99
UNITED STATES TREAS NTS 2.25000 11/15/2024 US 3,871,000 $3,800,989.33
UNITEDHEALTH GROUP INC US UNH 13,154 $6,507,283.80
US TEASURY NOTE 1.75000 11/15/2029 US 15,493,000 $13,649,575.16
US TREASURY N/B 0.87500 11/15/2030 US 20,699,000 $16,772,658.44
US TREASURY N/B 3.12500 11/15/2028 US 9,023,000 $8,599,342.00
US TREASURY N/B 3.62500 02/15/2053 US 2,180,000 $1,918,059.38
US TREASURY N/B 4.12500 11/15/2032 US 3,700,000 $3,678,609.38
VALERO ENERGY US VLO 448 $76,469.12
VENTAS INC US VTR 2,231 $97,137.74
VERTEX PHARMACEUTICALS INC US VRTX 5,846 $2,443,686.46
VISA INC - CLASS A SHARES US V 35,275 $9,844,547.00
WARNERMEDIA HOLDINGS INC 4.05400 03/15/2029 US 710,000 $664,599.43
WELLS FARGO COMPANY US WFC 3,122 $180,951.12
WELLTOWER INC. US WELL 2,945 $275,180.80

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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