Collective Investment Trust

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

$57.96

Daily $ Change

$0.49

Daily % Change

0.85%

as of 12/01/2023

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 10/31/2023

YTD

4.51%

1 Year

6.23%

3 Year

4.35%

5 Year

7.85%

10 Year

6.98%

Inception
(01/01/2000)

7.15%

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 10/31/2023

TREASURY NOTES 11.97%
AMAZON.COM INC 3.73%
META PLATFORMS INC 3.19%
SERVICENOW INC 2.56%
JOHNSON & JOHNSON 2.52%
ALPHABET INC-CL A 2.39%
VISA INC - CLASS A SHARES 2.39%
L3HARRIS TECHNOLOGIES INC 2.29%
MASTERCARD INC-CLASS A 2.22%
COCA COLA CO/THE 2.19%

This investment list is unaudited and excludes cash.

Asset Allocation

As of 10/31/2023

Stocks
80.67%
Bonds
16.53%
Cash
2.80%

Detailed Asset Class Allocation

As of 10/31/2023

International Equities
18.05%
Small Capitalization
0.26%
Mid Capitalization
6.88%
Large Capitalization
55.48%
Long Term Fixed Income
1.93%
Intermediate Term Fixed Income
14.43%
Short Term Fixed Income
0.17%
Cash
2.80%

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 $77,944.15
ABBOTT LABORATORIES US ABT 1,662 $157,142.10
ADMIRAL GROUP PLC GB ADM LN 18,082 $537,266.05
ADMIRAL GROUP PLC ADR GB AMIGY 53,545 $1,584,396.55
AERCAP IRELAND CAP/GLOBA 3.00000 10/29/2028 IE 350,000 $295,232.21
AGREE REALTY CORP US ADC 3,522 $197,020.68
AIR LIQUIDE FR AI FP 1,696 $290,613.42
AIRBUS SE FR AIR FP 2,071 $277,671.84
ALASKA AIR 2020-1 CL B 8.00000 08/15/2025 US 32,403.38 $32,301.10
ALCON INC CH ALC 47,168 $3,364,021.76
ALIBAB GROUP HOLDINGS 2.12500 02/09/2031 KY 250,000 $192,152.88
ALIBABA GROUP HOLDING 4.00000 12/06/2037 KY 670,000 $503,043.74
ALPHABET INC-CL A US GOOGL 67,045 $8,318,943.60
AMAZON.COM INC US AMZN 97,345 $12,955,646.05
AMAZON.COM INC 3.30000 04/13/2027 US 550,000 $515,495.45
AMERICAN HOMES 4 RENT- A US AMH 2,194 $71,831.56
AMERICAN TOWER REIT INC US AMT 1,267 $225,766.73
AMERICOLD REALTY TRUST US COLD 7,434 $194,919.48
ANALOG DEVICES INC US ADI 783 $123,189.39
APARTMENT INCOME REIT CO US AIRC 1,847 $53,950.87
APPLIED MATERIALS INC US AMAT 32,888 $4,352,726.80
ARCHER-DANIELS-MIDLAND CO US ADM 957 $68,492.49
ARGO BLOCKCHAIN PLC GB 3,600 $23,328.00
ASHTEAD CAPITAL INC 4.00000 05/01/2028 US 200,000 $179,326.57
ASTRAZENECA GB AZN 68,099 $4,305,899.77
ATLASSIAN CORP PLC-CLASS A AU TEAM 1,160 $209,542.40
AUCKLAND INTL AIRPORT LTD NZ AIA NZ 47,113 $201,468.57
AUTO TRADER GROUP PLC GB AUTO LN 52,125 $394,286.71
AVALONBAY COMMUNITIES INC US AVB 1,139 $188,777.86
AVANZA BANK HOLDING AB SE AZA SS 12,895 $217,988.76
BAE SYSTEMS PLC GB BA/ LN 39,538 $531,643.07
BAE SYSTEMS PLC -SPON ADR GB BAESY 30,630 $1,669,028.70
BANK OF AMERICA CORP US BAC 6,210 $163,571.40
BANK OF AMERICA CORP 2.68700 04/22/2032 US 490,000 $376,391.40
BAXTER INTERNATIONAL INC US BAX 930 $30,159.90
BEIERSDORF AG DE BEI GR 2,691 $353,920.47
BIOMARIN PHARMACEUTICAL INC US BMRN 48,485 $3,949,103.25
BNSF FUNDING TRUST I 6.61300 12/15/2055 US 190,000 $183,073.14
BORR IHC LTD 10.00000 11/15/2028 MUL 200,000 $199,512.26
BOSTON SCIENTIFIC CORP US BSX 31,683 $1,621,852.77
BRISTOL MYERS SQUIBB CO US BMY 2,508 $129,237.24
BROADCOM INC US AVGO 305 $256,617.85
BROADRIDGE FINANCIAL SOLUTIONS US BR 285 $48,632.40
BROOGE PETROLEUM AND GAS 8.50000 09/24/2025 AE 202,966 $183,936.05
BUNGE LIMITED US BG 371 $39,318.58
C.H. ROBINSON WORLDWIDE INC US CHRW 370 $30,277.10
CAMPBELL SOUP CO US CPB 800 $32,328.00
CANADIAN NATIONAL RAILWAY CO CA CNI 15,613 $1,651,543.14
CATERPILLAR INC US CAT 760 $171,798.00
CBOE GLOBAL MARKETS INC US CBOE 35,700 $5,850,873.00
CELLNEX TELECOM SA ES CLNX SM 5,617 $165,117.94
CELLNEX TELECOM SAU-UNSP ADR ES CLLNY 178,238 $2,602,274.80
CENOVUS ENERGY INC 6.75000 11/15/2039 CA 630,000 $611,597.56
CHEVRON CORP US CVX 1,524 $222,092.52
CISCO SYSTEMS INC US CSCO 4,508 $235,002.04
CITIGROUP INC US C 2,769 $109,347.81
CITIGROUP INC 1.46200 06/09/2027 US 440,000 $387,166.32
CLARK CNTY NV 1.51000 11/01/2028 US 350,000 $290,879.39
CLEANAWAY WASTE MANAGEMENT AU CWY AU 174,852 $249,084.91
COCA COLA CO/THE US KO 134,632 $7,605,361.68
COGNIZANT TECH SOLUTIONS - A US CTSH 748 $48,223.56
COLGATE-PALMOLIVE CO US CL 1,316 $98,857.92
COMCAST CORP-CL A US CMCSA 4,795 $197,985.55
COMMUNITY HEALTHCARE TRUST I US CHCT 3,443 $98,710.81
CONAGRA BRAND INC. US CAG 1,178 $32,230.08
CONOCOPHILLIPS US COP 1,292 $153,489.60
CONSTELLATION BRANDS INC-A US STZ 18,472 $4,325,218.80
COPART INC US CPRT 35,998 $1,566,632.96
CORNING INC US GLW 1,276 $34,145.76
COTERRA ENERGY INC US CTRA 1,544 $42,460.00
CSX CORP US CSX 51,932 $1,550,170.20
CUMMINS INC US CMI 328 $70,946.40
CVS HEALTH CORP US CVS 33,675 $2,323,911.75
DEUTSCHE BOERSE AG DE DB1 GR 2,660 $437,826.59
DEUTSCHE BOERSE AG ADR DE DBOEY 140,706 $2,304,764.28
DEVON ENERGY CORPORATION US DVN 1,060 $49,364.20
DIAGEO PLC GB DGE LN 7,906 $298,973.49
DIAMONDBACK ENERGY INC US FANG 328 $52,584.96
DOLLARAMA INC CA DOL CN 2,278 $155,562.72
DOW INC US DOW 1,102 $53,270.68
DREYFUS GVT CSH MANAGEMENT US 10,004,049.62 $10,004,049.62
EBAY INC US EBAY 1,018 $39,936.14
ELECTRONIC ARTS US EA 56,286 $6,967,643.94
EMERSON ELEC CO US EMR 1,025 $91,194.25
ENDAVA PLC - SPON ADR GB DAVA 3,084 $154,693.44
ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 US 640,000 $593,501.85
EOG RESOURCES INC US EOG 757 $95,571.25
EQUINIX INC US EQIX 6,776 $4,944,040.64
EQUITY COMMONWEALTH US EQC 7,549 $142,978.06
EQUITY LIFESTYLE PROPERTIES US ELS 3,101 $204,045.80
EVERGY INC US EVRG 43,139 $2,119,850.46
EXTRA SPACE STORAGE INC US EXR 1,633 $169,162.47
EXXON MOBIL CORP US XOM 2,450 $259,332.50
FEDEX CORPORATION US FDX 292 $70,109.20
FIFTH THIRD BANCORP US FITB 1,508 $35,754.68
FINECOBANK SPA IT FBK IM 27,040 $318,981.30
FLAGSHIP COMMUNITIES REIT UT US MHC/U CN 5,842 $85,877.40
FMC CORP US FMC 85,120 $4,528,384.00
GENERAL DYNAMICS CORP US GD 462 $111,485.22
GENERAL MLS INC US GIS 1,088 $70,981.12
GENUINE PARTS CO US GPC 346 $44,585.56
GETTY REALTY CORP US GTY 2,512 $66,869.44
GILEAD SCIENCES INC US GILD 1,850 $145,299.00
GLOBANT SA LU GLOB 934 $159,050.86
GOLDEN PEAR FUND HOLDCO 10.00000 03/02/2028 US 105,000 $92,224.19
GREENIDGE GEN HLD INC US 3,400 $20,638.00
HALLIBURTON CO US HAL 1,356 $53,345.04
HALMA PLC GB HLMA LN 8,263 $185,821.47
HARTFORD FINL SVCS US HIG 503 $36,945.35
HDFC BANK LTD-ADR IN HDB 58,875 $3,329,381.25
HEINEKEN NV NL HEIA NA 4,315 $387,674.47
HEINEKEN NV-SPN ADR NL HEINY 75,133 $3,380,985.00
HELIOS TOWERS PLC GB HTWS LN 54,816 $40,342.11
HOME DEPOT INC US HD 1,005 $286,113.45
HONEYWELL INTERNATIONAL INC US HON 898 $164,567.48
HUMANA INC US HUM 7,655 $4,008,846.95
HUNTINGTON BANCSHARES US HBAN 2,543 $24,539.95
IDEXX LABORATORIES INC US IDXX 7,307 $2,918,927.29
IMCD NV NL IMCD NA 1,739 $209,367.88
INTERCONTINENTALEXCHANGE INC US ICE 26,950 $2,895,508.00
INTERMEDIATE CAPITAL GROUP GB ICP LN 8,851 $140,916.79
INTERNATIONAL BUSINESS MACH CORP US IBM 866 $125,258.24
INTERNATIONAL FLVRS & FRAGRANCES US IFF 485 $33,149.75
INTUIT INC US INTU 5,800 $2,870,710.00
INTUITIVE SURGICAL INC US ISRG 12,254 $3,213,243.88
INVITATION HOMES INC US INVH 6,739 $200,080.91
JM SMUCKER CO/THE-NEW COM WI US SJM 283 $32,216.72
JOHNSON & JOHNSON US JNJ 58,906 $8,738,116.04
JP MORGAN CHASE & CO US JPM 18,090 $2,515,595.40
JPMORGAN CHASE & CO 4.49300 03/24/2031 US 680,000 $614,292.68
KELLOGG CO US K 542 $27,354.74
KEYENCE CORP JP 6861 JP 600 $232,271.23
KEYWORDS STUDIOS PLC IE KWS LN 9,777 $155,248.66
KIMBERLY CLARK DE MEXICO S.A.B. MX KIMBERA MM 80,000 $146,608.24
KRAFT HEINZ CO/THE US KHC 1,518 $47,756.28
L'OREAL FR OR FP 161 $67,673.25
L3HARRIS TECHNOLOGIES INC US LHX 44,293 $7,946,607.13
LEXINGTON REALTY TRUST US LXP 11,605 $91,795.55
LOCKHEED MARTIN CORP US LMT 353 $160,487.92
LONZA GROUP AG -REG CH LONN SW 408 $142,883.23
LULULEMON - ADR CA LULU 8,422 $3,313,888.56
MARATHON OIL CORP US MRO 1,148 $31,351.88
MARATHON PETROLEUM CORP US MPC 709 $107,236.25
MARRIOTT VACATIONS WORLD US VAC 521 $46,817.06
MASCO CORP US MAS 110,943 $5,779,020.87
MASTERCARD INC-CLASS A US MA 20,497 $7,714,045.95
MEDTRONIC INC IE MDT 77,542 $5,471,363.52
MERCADOLIBRE INC BR MELI 1,542 $1,913,221.08
MERCK & CO INC US MRK 2,640 $271,128.00
META PLATFORMS INC US META 36,785 $11,082,216.95
MICROCHIP TECHNOLOGY INC US MCHP 872 $62,164.88
MICRON TECHNOLOGY INC US MU 101,337 $6,776,405.19
MICROSOFT CORP US MSFT 18,598 $6,288,169.78
MID-AMERICA APARTMENT COMM US MAA 794 $93,811.10
MONARCH CASINO & RESORT INC US MCRI 1,423 $85,650.37
MONDELEZ INTERNATIONAL INC US MDLZ 60,532 $4,007,823.72
MOODY'S CORPORATION US MCO 20,614 $6,349,112.00
NAVIENT CORP 6.75000 06/25/2025 US 185,000 $180,634.03
NESTLE S.A. - ADR CH NSRGY 49,948 $5,382,396.48
NESTLE SA-REGISTERED CH NESN SW 4,976 $536,605.77
NETAPP INC US NTAP 571 $41,557.38
NEWCASTLE COAL INFRASTRU 4.40000 09/29/2027 AU 289,740.3 $260,837.67
NIKE INC CLASS B US NKE 52,820 $5,428,311.40
NORFOLK SOUTHN CORP US NSC 7,695 $1,468,129.05
NORTHROP GRUMMAN CORP US NOC 10,339 $4,874,114.77
NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 CA 145,000 $14.50
NOVARTIS AG- REG CH NVS 28,899 $2,704,368.42
NRG 7.467 07/31/28 CORP 7.46700 07/31/2028 US 270,000 $267,773.47
ODFJELL DRILLING LTD 9.25000 05/31/2028 BM 200,000 $201,572.35
OMNICOM GROUP US OMC 522 $39,103.02
PACKAGING CORP OF AMERICA US PKG 243 $37,191.15
PALOMINO FUNDING TRUST I 7.23300 05/17/2028 US 520,000 $520,079.40
PARAMOUNT GLOBAL CLASS B US PARA 1,430 $15,558.40
PELORUS FUND REIT 7.00000 09/30/2026 US 190,000 $179,000.97
PEPSICO INC 3.90000 07/18/2032 US 540,000 $479,304.40
PFIZER INC US PFE 4,937 $150,874.72
PHILLIPS 66 US PSX 562 $64,107.34
PHYSICIANS REALTY TRUST US DOC 6,070 $65,920.20
PPG INDUSTRIES INC US PPG 394 $48,371.38
PROLOGIS US PLD 6,184 $623,038.00
PUBLIC STORAGE INC US PSA 1,011 $241,335.81
QUALCOMM 5.40000 05/20/2033 US 390,000 $381,360.01
QUALCOMM INC US QCOM 1,436 $156,509.64
QUEST DIAGNOSTICS INC US DGX 305 $39,680.50
RAYTHEON TECHNOLOGIES CORP US RTX 1,536 $125,015.04
REALTY INCOME CORP US O 2,342 $110,963.96
REGIONS FINANCIAL CORP. US RF 2,279 $33,113.87
RENAISSANCERE HOLDINGS LTD BM RNR 1,682 $369,350.38
RENTOKIL INITIAL PLC GB RTO LN 55,177 $280,988.39
RENTOKIL INITIAL PLC-SP ADR GB RTO 80,002 $2,047,251.18
REXFORD INDUSTRIAL REALITY IN US REXR 2,954 $127,730.96
S&P GLOBAL INC US SPGI 12,856 $4,490,729.36
SALESFORCE INC US CRM 24,868 $4,994,240.44
SBA COMMUNICATIONS CORP US SBAC 19,155 $3,996,307.65
SBA TOWER TRUST 6.59900 01/15/2028 US 315,000 $314,391.99
SCHLUMBERGER LTD NL SLB 1,602 $89,167.32
SERVICENOW INC US NOW 15,291 $8,897,068.35
SIMON PROPERTY GROUP LP 2.65000 02/01/2032 US 960,000 $731,941.16
SKYWORKS SOLUTIONS INC US SWKS 338 $29,318.12
SNOWFLAKE INC-CLASS A US SNOW 32,296 $4,687,118.48
SONY CORP FIRST SECTION JP 6758 JP 3,500 $290,986.10
SONY CORP SPONSORED ADR JP SONY 36,709 $3,048,682.45
STAG INDUSTRIAL INC US STAG 1,949 $64,745.78
SUN COMMUNITIES US SUI 2,384 $265,196.16
SYNCHRONOSS TECH US 3,491 $59,521.55
SYSCO CORP US SYY 682 $45,346.18
TAIWAN SEMICONDUCTOR - SP ADR TW TSM 43,004 $3,711,675.24
TE CONNECTIVITY LIMITED CH TEL 513 $60,457.05
TECHTRONIC INDUSTRIES CO LTD HK 669 HK 21,000 $191,720.03
TENCENT HOLDINGS 3.97500 04/11/2029 KY 1,120,000 $1,006,541.02
TENCENT HOLDINGS LTD CN 700 HK 11,000 $407,096.32
TERRENO REALTY CORP US TRNO 2,379 $126,753.12
TEXAS INSTRUMENTS INC US TXN 912 $129,513.12
THERMO FISHER SCIENTIFIC INC US TMO 7,783 $3,461,644.91
TRAVELLERS COS INC US TRV 440 $73,673.60
TREASURY BOND 2.37500 02/15/2042 US 7,565,000 $5,023,632.81
TRUIST FINANCIAL CORP US TFC 1,687 $47,843.32
TSY INFL IX N/B 0.12500 01/15/2031 US 2,500,391.6 $2,113,876.39
TYSON FOODS INC -CL A US TSN 702 $32,537.70
U.S. BANCORP US USB 2,357 $75,141.16
UDR INC US UDR 3,740 $118,969.40
UNILEVER PLC - ADR GB UL 80,058 $3,790,746.30
UNION PAC CORP US UNP 8,511 $1,766,968.71
UNITED AIR 2018-1 B PTT 4.60000 03/01/2026 US 18,809.3 $17,369.26
UNITED AIR 2019-2 B PTT 3.50000 05/01/2028 US 184,706.17 $163,563.35
UNITED PARCEL SERVICE US UPS 873 $123,311.25
UNITEDHEALTH GROUP INC US UNH 2,827 $1,514,028.12
US TEASURY NOTE 1.75000 11/15/2029 US 23,793,000 $19,997,272.97
US TREASURY N/B 0.87500 11/15/2030 US 13,980,000 $10,703,437.50
US TREASURY N/B 3.12500 11/15/2028 US 11,800,000 $10,887,343.75
VALERO ENERGY US VLO 448 $56,896.00
VENTAS INC US VTR 2,915 $123,770.90
VERTEX PHARMACEUTICALS INC US VRTX 7,873 $2,850,892.03
VISA INC - CLASS A SHARES US V 35,275 $8,293,152.50
WARNERMEDIA HOLDINGS INC 4.05400 03/15/2029 US 440,000 $389,527.90
WELLS FARGO COMPANY US WFC 3,328 $132,354.56
WELLTOWER INC. US WELL 2,193 $183,356.73

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

$57.96

Daily $ Change

$0.49

Daily % Change

0.85%

as of 12/01/2023

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 10/31/2023

YTD

4.51%

1 Year

6.23%

3 Year

4.35%

5 Year

7.85%

10 Year

6.98%

Inception
(01/01/2000)

7.15%

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 10/31/2023

TREASURY NOTES 11.97%
AMAZON.COM INC 3.73%
META PLATFORMS INC 3.19%
SERVICENOW INC 2.56%
JOHNSON & JOHNSON 2.52%
ALPHABET INC-CL A 2.39%
VISA INC - CLASS A SHARES 2.39%
L3HARRIS TECHNOLOGIES INC 2.29%
MASTERCARD INC-CLASS A 2.22%
COCA COLA CO/THE 2.19%

This investment list is unaudited and excludes cash.

Asset Allocation

As of 10/31/2023

Stocks
80.67%
Bonds
16.53%
Cash
2.80%

Detailed Asset Class Allocation

As of 10/31/2023

International Equities
18.05%
Small Capitalization
0.26%
Mid Capitalization
6.88%
Large Capitalization
55.48%
Long Term Fixed Income
1.93%
Intermediate Term Fixed Income
14.43%
Short Term Fixed Income
0.17%
Cash
2.80%

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 $77,944.15
ABBOTT LABORATORIES US ABT 1,662 $157,142.10
ADMIRAL GROUP PLC GB ADM LN 18,082 $537,266.05
ADMIRAL GROUP PLC ADR GB AMIGY 53,545 $1,584,396.55
AERCAP IRELAND CAP/GLOBA 3.00000 10/29/2028 IE 350,000 $295,232.21
AGREE REALTY CORP US ADC 3,522 $197,020.68
AIR LIQUIDE FR AI FP 1,696 $290,613.42
AIRBUS SE FR AIR FP 2,071 $277,671.84
ALASKA AIR 2020-1 CL B 8.00000 08/15/2025 US 32,403.38 $32,301.10
ALCON INC CH ALC 47,168 $3,364,021.76
ALIBAB GROUP HOLDINGS 2.12500 02/09/2031 KY 250,000 $192,152.88
ALIBABA GROUP HOLDING 4.00000 12/06/2037 KY 670,000 $503,043.74
ALPHABET INC-CL A US GOOGL 67,045 $8,318,943.60
AMAZON.COM INC US AMZN 97,345 $12,955,646.05
AMAZON.COM INC 3.30000 04/13/2027 US 550,000 $515,495.45
AMERICAN HOMES 4 RENT- A US AMH 2,194 $71,831.56
AMERICAN TOWER REIT INC US AMT 1,267 $225,766.73
AMERICOLD REALTY TRUST US COLD 7,434 $194,919.48
ANALOG DEVICES INC US ADI 783 $123,189.39
APARTMENT INCOME REIT CO US AIRC 1,847 $53,950.87
APPLIED MATERIALS INC US AMAT 32,888 $4,352,726.80
ARCHER-DANIELS-MIDLAND CO US ADM 957 $68,492.49
ARGO BLOCKCHAIN PLC GB 3,600 $23,328.00
ASHTEAD CAPITAL INC 4.00000 05/01/2028 US 200,000 $179,326.57
ASTRAZENECA GB AZN 68,099 $4,305,899.77
ATLASSIAN CORP PLC-CLASS A AU TEAM 1,160 $209,542.40
AUCKLAND INTL AIRPORT LTD NZ AIA NZ 47,113 $201,468.57
AUTO TRADER GROUP PLC GB AUTO LN 52,125 $394,286.71
AVALONBAY COMMUNITIES INC US AVB 1,139 $188,777.86
AVANZA BANK HOLDING AB SE AZA SS 12,895 $217,988.76
BAE SYSTEMS PLC GB BA/ LN 39,538 $531,643.07
BAE SYSTEMS PLC -SPON ADR GB BAESY 30,630 $1,669,028.70
BANK OF AMERICA CORP US BAC 6,210 $163,571.40
BANK OF AMERICA CORP 2.68700 04/22/2032 US 490,000 $376,391.40
BAXTER INTERNATIONAL INC US BAX 930 $30,159.90
BEIERSDORF AG DE BEI GR 2,691 $353,920.47
BIOMARIN PHARMACEUTICAL INC US BMRN 48,485 $3,949,103.25
BNSF FUNDING TRUST I 6.61300 12/15/2055 US 190,000 $183,073.14
BORR IHC LTD 10.00000 11/15/2028 MUL 200,000 $199,512.26
BOSTON SCIENTIFIC CORP US BSX 31,683 $1,621,852.77
BRISTOL MYERS SQUIBB CO US BMY 2,508 $129,237.24
BROADCOM INC US AVGO 305 $256,617.85
BROADRIDGE FINANCIAL SOLUTIONS US BR 285 $48,632.40
BROOGE PETROLEUM AND GAS 8.50000 09/24/2025 AE 202,966 $183,936.05
BUNGE LIMITED US BG 371 $39,318.58
C.H. ROBINSON WORLDWIDE INC US CHRW 370 $30,277.10
CAMPBELL SOUP CO US CPB 800 $32,328.00
CANADIAN NATIONAL RAILWAY CO CA CNI 15,613 $1,651,543.14
CATERPILLAR INC US CAT 760 $171,798.00
CBOE GLOBAL MARKETS INC US CBOE 35,700 $5,850,873.00
CELLNEX TELECOM SA ES CLNX SM 5,617 $165,117.94
CELLNEX TELECOM SAU-UNSP ADR ES CLLNY 178,238 $2,602,274.80
CENOVUS ENERGY INC 6.75000 11/15/2039 CA 630,000 $611,597.56
CHEVRON CORP US CVX 1,524 $222,092.52
CISCO SYSTEMS INC US CSCO 4,508 $235,002.04
CITIGROUP INC US C 2,769 $109,347.81
CITIGROUP INC 1.46200 06/09/2027 US 440,000 $387,166.32
CLARK CNTY NV 1.51000 11/01/2028 US 350,000 $290,879.39
CLEANAWAY WASTE MANAGEMENT AU CWY AU 174,852 $249,084.91
COCA COLA CO/THE US KO 134,632 $7,605,361.68
COGNIZANT TECH SOLUTIONS - A US CTSH 748 $48,223.56
COLGATE-PALMOLIVE CO US CL 1,316 $98,857.92
COMCAST CORP-CL A US CMCSA 4,795 $197,985.55
COMMUNITY HEALTHCARE TRUST I US CHCT 3,443 $98,710.81
CONAGRA BRAND INC. US CAG 1,178 $32,230.08
CONOCOPHILLIPS US COP 1,292 $153,489.60
CONSTELLATION BRANDS INC-A US STZ 18,472 $4,325,218.80
COPART INC US CPRT 35,998 $1,566,632.96
CORNING INC US GLW 1,276 $34,145.76
COTERRA ENERGY INC US CTRA 1,544 $42,460.00
CSX CORP US CSX 51,932 $1,550,170.20
CUMMINS INC US CMI 328 $70,946.40
CVS HEALTH CORP US CVS 33,675 $2,323,911.75
DEUTSCHE BOERSE AG DE DB1 GR 2,660 $437,826.59
DEUTSCHE BOERSE AG ADR DE DBOEY 140,706 $2,304,764.28
DEVON ENERGY CORPORATION US DVN 1,060 $49,364.20
DIAGEO PLC GB DGE LN 7,906 $298,973.49
DIAMONDBACK ENERGY INC US FANG 328 $52,584.96
DOLLARAMA INC CA DOL CN 2,278 $155,562.72
DOW INC US DOW 1,102 $53,270.68
DREYFUS GVT CSH MANAGEMENT US 10,004,049.62 $10,004,049.62
EBAY INC US EBAY 1,018 $39,936.14
ELECTRONIC ARTS US EA 56,286 $6,967,643.94
EMERSON ELEC CO US EMR 1,025 $91,194.25
ENDAVA PLC - SPON ADR GB DAVA 3,084 $154,693.44
ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 US 640,000 $593,501.85
EOG RESOURCES INC US EOG 757 $95,571.25
EQUINIX INC US EQIX 6,776 $4,944,040.64
EQUITY COMMONWEALTH US EQC 7,549 $142,978.06
EQUITY LIFESTYLE PROPERTIES US ELS 3,101 $204,045.80
EVERGY INC US EVRG 43,139 $2,119,850.46
EXTRA SPACE STORAGE INC US EXR 1,633 $169,162.47
EXXON MOBIL CORP US XOM 2,450 $259,332.50
FEDEX CORPORATION US FDX 292 $70,109.20
FIFTH THIRD BANCORP US FITB 1,508 $35,754.68
FINECOBANK SPA IT FBK IM 27,040 $318,981.30
FLAGSHIP COMMUNITIES REIT UT US MHC/U CN 5,842 $85,877.40
FMC CORP US FMC 85,120 $4,528,384.00
GENERAL DYNAMICS CORP US GD 462 $111,485.22
GENERAL MLS INC US GIS 1,088 $70,981.12
GENUINE PARTS CO US GPC 346 $44,585.56
GETTY REALTY CORP US GTY 2,512 $66,869.44
GILEAD SCIENCES INC US GILD 1,850 $145,299.00
GLOBANT SA LU GLOB 934 $159,050.86
GOLDEN PEAR FUND HOLDCO 10.00000 03/02/2028 US 105,000 $92,224.19
GREENIDGE GEN HLD INC US 3,400 $20,638.00
HALLIBURTON CO US HAL 1,356 $53,345.04
HALMA PLC GB HLMA LN 8,263 $185,821.47
HARTFORD FINL SVCS US HIG 503 $36,945.35
HDFC BANK LTD-ADR IN HDB 58,875 $3,329,381.25
HEINEKEN NV NL HEIA NA 4,315 $387,674.47
HEINEKEN NV-SPN ADR NL HEINY 75,133 $3,380,985.00
HELIOS TOWERS PLC GB HTWS LN 54,816 $40,342.11
HOME DEPOT INC US HD 1,005 $286,113.45
HONEYWELL INTERNATIONAL INC US HON 898 $164,567.48
HUMANA INC US HUM 7,655 $4,008,846.95
HUNTINGTON BANCSHARES US HBAN 2,543 $24,539.95
IDEXX LABORATORIES INC US IDXX 7,307 $2,918,927.29
IMCD NV NL IMCD NA 1,739 $209,367.88
INTERCONTINENTALEXCHANGE INC US ICE 26,950 $2,895,508.00
INTERMEDIATE CAPITAL GROUP GB ICP LN 8,851 $140,916.79
INTERNATIONAL BUSINESS MACH CORP US IBM 866 $125,258.24
INTERNATIONAL FLVRS & FRAGRANCES US IFF 485 $33,149.75
INTUIT INC US INTU 5,800 $2,870,710.00
INTUITIVE SURGICAL INC US ISRG 12,254 $3,213,243.88
INVITATION HOMES INC US INVH 6,739 $200,080.91
JM SMUCKER CO/THE-NEW COM WI US SJM 283 $32,216.72
JOHNSON & JOHNSON US JNJ 58,906 $8,738,116.04
JP MORGAN CHASE & CO US JPM 18,090 $2,515,595.40
JPMORGAN CHASE & CO 4.49300 03/24/2031 US 680,000 $614,292.68
KELLOGG CO US K 542 $27,354.74
KEYENCE CORP JP 6861 JP 600 $232,271.23
KEYWORDS STUDIOS PLC IE KWS LN 9,777 $155,248.66
KIMBERLY CLARK DE MEXICO S.A.B. MX KIMBERA MM 80,000 $146,608.24
KRAFT HEINZ CO/THE US KHC 1,518 $47,756.28
L'OREAL FR OR FP 161 $67,673.25
L3HARRIS TECHNOLOGIES INC US LHX 44,293 $7,946,607.13
LEXINGTON REALTY TRUST US LXP 11,605 $91,795.55
LOCKHEED MARTIN CORP US LMT 353 $160,487.92
LONZA GROUP AG -REG CH LONN SW 408 $142,883.23
LULULEMON - ADR CA LULU 8,422 $3,313,888.56
MARATHON OIL CORP US MRO 1,148 $31,351.88
MARATHON PETROLEUM CORP US MPC 709 $107,236.25
MARRIOTT VACATIONS WORLD US VAC 521 $46,817.06
MASCO CORP US MAS 110,943 $5,779,020.87
MASTERCARD INC-CLASS A US MA 20,497 $7,714,045.95
MEDTRONIC INC IE MDT 77,542 $5,471,363.52
MERCADOLIBRE INC BR MELI 1,542 $1,913,221.08
MERCK & CO INC US MRK 2,640 $271,128.00
META PLATFORMS INC US META 36,785 $11,082,216.95
MICROCHIP TECHNOLOGY INC US MCHP 872 $62,164.88
MICRON TECHNOLOGY INC US MU 101,337 $6,776,405.19
MICROSOFT CORP US MSFT 18,598 $6,288,169.78
MID-AMERICA APARTMENT COMM US MAA 794 $93,811.10
MONARCH CASINO & RESORT INC US MCRI 1,423 $85,650.37
MONDELEZ INTERNATIONAL INC US MDLZ 60,532 $4,007,823.72
MOODY'S CORPORATION US MCO 20,614 $6,349,112.00
NAVIENT CORP 6.75000 06/25/2025 US 185,000 $180,634.03
NESTLE S.A. - ADR CH NSRGY 49,948 $5,382,396.48
NESTLE SA-REGISTERED CH NESN SW 4,976 $536,605.77
NETAPP INC US NTAP 571 $41,557.38
NEWCASTLE COAL INFRASTRU 4.40000 09/29/2027 AU 289,740.3 $260,837.67
NIKE INC CLASS B US NKE 52,820 $5,428,311.40
NORFOLK SOUTHN CORP US NSC 7,695 $1,468,129.05
NORTHROP GRUMMAN CORP US NOC 10,339 $4,874,114.77
NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 CA 145,000 $14.50
NOVARTIS AG- REG CH NVS 28,899 $2,704,368.42
NRG 7.467 07/31/28 CORP 7.46700 07/31/2028 US 270,000 $267,773.47
ODFJELL DRILLING LTD 9.25000 05/31/2028 BM 200,000 $201,572.35
OMNICOM GROUP US OMC 522 $39,103.02
PACKAGING CORP OF AMERICA US PKG 243 $37,191.15
PALOMINO FUNDING TRUST I 7.23300 05/17/2028 US 520,000 $520,079.40
PARAMOUNT GLOBAL CLASS B US PARA 1,430 $15,558.40
PELORUS FUND REIT 7.00000 09/30/2026 US 190,000 $179,000.97
PEPSICO INC 3.90000 07/18/2032 US 540,000 $479,304.40
PFIZER INC US PFE 4,937 $150,874.72
PHILLIPS 66 US PSX 562 $64,107.34
PHYSICIANS REALTY TRUST US DOC 6,070 $65,920.20
PPG INDUSTRIES INC US PPG 394 $48,371.38
PROLOGIS US PLD 6,184 $623,038.00
PUBLIC STORAGE INC US PSA 1,011 $241,335.81
QUALCOMM 5.40000 05/20/2033 US 390,000 $381,360.01
QUALCOMM INC US QCOM 1,436 $156,509.64
QUEST DIAGNOSTICS INC US DGX 305 $39,680.50
RAYTHEON TECHNOLOGIES CORP US RTX 1,536 $125,015.04
REALTY INCOME CORP US O 2,342 $110,963.96
REGIONS FINANCIAL CORP. US RF 2,279 $33,113.87
RENAISSANCERE HOLDINGS LTD BM RNR 1,682 $369,350.38
RENTOKIL INITIAL PLC GB RTO LN 55,177 $280,988.39
RENTOKIL INITIAL PLC-SP ADR GB RTO 80,002 $2,047,251.18
REXFORD INDUSTRIAL REALITY IN US REXR 2,954 $127,730.96
S&P GLOBAL INC US SPGI 12,856 $4,490,729.36
SALESFORCE INC US CRM 24,868 $4,994,240.44
SBA COMMUNICATIONS CORP US SBAC 19,155 $3,996,307.65
SBA TOWER TRUST 6.59900 01/15/2028 US 315,000 $314,391.99
SCHLUMBERGER LTD NL SLB 1,602 $89,167.32
SERVICENOW INC US NOW 15,291 $8,897,068.35
SIMON PROPERTY GROUP LP 2.65000 02/01/2032 US 960,000 $731,941.16
SKYWORKS SOLUTIONS INC US SWKS 338 $29,318.12
SNOWFLAKE INC-CLASS A US SNOW 32,296 $4,687,118.48
SONY CORP FIRST SECTION JP 6758 JP 3,500 $290,986.10
SONY CORP SPONSORED ADR JP SONY 36,709 $3,048,682.45
STAG INDUSTRIAL INC US STAG 1,949 $64,745.78
SUN COMMUNITIES US SUI 2,384 $265,196.16
SYNCHRONOSS TECH US 3,491 $59,521.55
SYSCO CORP US SYY 682 $45,346.18
TAIWAN SEMICONDUCTOR - SP ADR TW TSM 43,004 $3,711,675.24
TE CONNECTIVITY LIMITED CH TEL 513 $60,457.05
TECHTRONIC INDUSTRIES CO LTD HK 669 HK 21,000 $191,720.03
TENCENT HOLDINGS 3.97500 04/11/2029 KY 1,120,000 $1,006,541.02
TENCENT HOLDINGS LTD CN 700 HK 11,000 $407,096.32
TERRENO REALTY CORP US TRNO 2,379 $126,753.12
TEXAS INSTRUMENTS INC US TXN 912 $129,513.12
THERMO FISHER SCIENTIFIC INC US TMO 7,783 $3,461,644.91
TRAVELLERS COS INC US TRV 440 $73,673.60
TREASURY BOND 2.37500 02/15/2042 US 7,565,000 $5,023,632.81
TRUIST FINANCIAL CORP US TFC 1,687 $47,843.32
TSY INFL IX N/B 0.12500 01/15/2031 US 2,500,391.6 $2,113,876.39
TYSON FOODS INC -CL A US TSN 702 $32,537.70
U.S. BANCORP US USB 2,357 $75,141.16
UDR INC US UDR 3,740 $118,969.40
UNILEVER PLC - ADR GB UL 80,058 $3,790,746.30
UNION PAC CORP US UNP 8,511 $1,766,968.71
UNITED AIR 2018-1 B PTT 4.60000 03/01/2026 US 18,809.3 $17,369.26
UNITED AIR 2019-2 B PTT 3.50000 05/01/2028 US 184,706.17 $163,563.35
UNITED PARCEL SERVICE US UPS 873 $123,311.25
UNITEDHEALTH GROUP INC US UNH 2,827 $1,514,028.12
US TEASURY NOTE 1.75000 11/15/2029 US 23,793,000 $19,997,272.97
US TREASURY N/B 0.87500 11/15/2030 US 13,980,000 $10,703,437.50
US TREASURY N/B 3.12500 11/15/2028 US 11,800,000 $10,887,343.75
VALERO ENERGY US VLO 448 $56,896.00
VENTAS INC US VTR 2,915 $123,770.90
VERTEX PHARMACEUTICALS INC US VRTX 7,873 $2,850,892.03
VISA INC - CLASS A SHARES US V 35,275 $8,293,152.50
WARNERMEDIA HOLDINGS INC 4.05400 03/15/2029 US 440,000 $389,527.90
WELLS FARGO COMPANY US WFC 3,328 $132,354.56
WELLTOWER INC. US WELL 2,193 $183,356.73

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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