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 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

$40.42

Daily $ Change

-$0.06

Daily % Change

-0.15%

as of 08/22/2019

CUSIP

563821115

Inception Date

01/01/2000

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

Important Documents

Annual Report
Applications & Forms

Performance

As of 07/31/2019

YTD

18.84%

1 Year

5.85%

3 Year

10.05%

5 Year

6.58%

10 Year

9.74%

Inception
(01/01/2000)

7.33%

US Stock Market Cycle (04/01/2000 - 07/31/2019)

7.48%

Returns are net of Pro-Mix® CIT Class S 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 0.90%
Net 0.90%*

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

Top Ten Investments

As of 07/31/2019

TREASURY NOTES 7.76%
JOHNSON & JOHNSON 2.17%
COCA COLA CO/THE 2.14%
MASTERCARD INC-CLASS A 2.13%
SERVICENOW INC 2.05%
BERKSHIRE HATHAWAY INC-CL B 1.98%
MONDELEZ INTERNATIONAL INC 1.97%
MICROSOFT CORP 1.95%
TENCENT HOLDINGS LTD 1.89%
MEDTRONIC INC 1.84%

This investment list is unaudited and excludes cash.

Asset Allocation

As of 07/31/2019

Stocks 84.76%
Bonds 13.31%
Cash 1.93%

Detailed Asset Class Allocation

As of 07/31/2019

International Equities 26.97%
Small Capitalization 1.68%
Mid Capitalization 2.71%
Large Capitalization 53.40%
Long Term Fixed Income 2.13%
Intermediate Term Fixed Income 8.43%
Short Term Fixed Income 2.75%
Cash 1.93%

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

July Fund Holdings

As of 07/31/2019

CUSIP Security Description Country Ticker Shares/Par Market Value (USD)
00101JAM8 ADT CORP 5.25000 03/15/2020 US 50,000 $50,375.00
00206RDQ2 AT&T INC 4.25000 03/01/2027 US 350,000 $376,458.77
00287Y109 ABBVIE INC US ABBV 1,068 $71,150.16
004239109 ACADIA REALTY TRUST US AKR 680 $19,087.60
00507V109 ACTIVISION INC US ATVI 70,060 $3,414,724.40
00751Y106 ADVANCE AUTO PARTS INC US AAP 18,430 $2,776,295.20
00774MAG0 AERCAP IRELAND CAP / GLOBA 4.45000 10/01/2025 IE 360,000 $380,814.86
008492100 AGREE REALTY CORP US ADC 430 $28,745.50
015271109 ALEXANDRIA REAL EST EQUITIES US ARE 160 $23,417.60
01609W102 ALIBABA GROUP - ADR CN BABA 955 $165,320.05
020002101 ALLSTATE CORPORATION US ALL 255 $27,387.00
02079K107 ALPHABET INC-CL C US GOOG 4,705 $5,724,479.40
02079K305 ALPHABET INC-CL A US GOOGL 4,685 $5,707,267.00
02209S103 ALTRIA GROUP INC US MO 49,380 $2,324,316.60
023135106 AMAZON.COM INC US AMZN 2,140 $3,994,909.20
02319V103 AMBEV SA-ADR BR ABEV 691,265 $3,642,966.55
0237400 DIAGEO PLC GB DGE LN 64,495 $2,689,457.03
02376RAA0 AMERICAN AIRLINES GROUP 5.50000 10/01/2019 US 55,000 $55,181.50
024835100 AMERICAN CAMPUS COMMUNITIES US ACC 725 $33,893.75
0263494 BAE SYSTEMS PLC GB BA/ LN 21,290 $141,445.29
02665T306 AMERICAN HOMES 4 RENT- A US AMH 4,445 $107,613.45
03019LAA4 AMERICAN TANKER INC 9.25000 02/22/2022 US 70,000 $70,713.09
03027X100 AMERICAN TOWER REIT INC US AMT 19,790 $4,187,959.80
03064D108 AMERICOLD REALTY TRUST US COLD 1,875 $62,868.75
031162100 AMGEN INC US AMGN 473 $88,252.34
03690AAF3 ANTERO MIDSTREAM PART/FI 5.75000 01/15/2028 US 85,000 $79,368.75
03748R754 APARTMENT INVT & MGMT CO -A US AIV 1,525 $75,548.50
038222105 APPLIED MATERIALS INC US AMAT 714 $35,250.18
039483102 ARCHER-DANIELS-MIDLAND CO US ADM 500 $20,540.00
03968AAA9 ARD SECURITIES FINANCE 8.75000 01/31/2023 LU 10,000 $10,325.00
0405207 HALMA PLC GB HLMA LN 2,875 $69,429.85
045086AF2 ASHTON WOODS USA/FINANCE 6.75000 08/01/2025 US 20,000 $19,450.00
0490656 KERRY GROUP PLC-A IE KYGA LN 1,200 $140,013.73
05278C107 AUTOHOME INC-ADR CN ATHM 1,270 $107,950.00
053332102 AUTOZONE INC US AZO 2,495 $2,801,984.80
053484101 AVALONBAY COMMUNITIES INC US AVB 795 $165,988.05
054937107 BB&T CORP US BBT 535 $27,568.55
05722G100 BAKER HUGHES A GE CO US BHGE 873 $22,165.47
060505104 BANK OF AMERICA CORP US BAC 3,500 $107,380.00
06051GFM6 BANK OF AMERICA CORP 4.00000 01/22/2025 US 540,000 $566,809.23
084670702 BERKSHIRE HATHAWAY INC-CL B US BRK/B 35,520 $7,296,873.60
086516101 BEST BUY INC US BBY 346 $26,479.38
09061G101 BIOMARIN PHARMACEUTICAL INC US BMRN 24,440 $1,938,580.80
0922320 SMITH & NEPHEW PLC GB SN/ LN 6,590 $149,190.03
09247X101 BLACKROCK INC US BLK 10,170 $4,756,305.60
0946580 WEIR GROUP PLC/THE GB WEIR LN 6,485 $117,241.43
097023105 BOEING CO US BA 326 $111,224.68
09857L108 BOOKING HOLDINGS INC US BKNG 2,560 $4,829,721.60
101121101 BOSTON PROPERTIES INC US BXP 870 $115,666.50
101137107 BOSTON SCIENTIFIC CORP US BSX 57,940 $2,460,132.40
105368203 BRANDYWINE REALTY TRUST US BDN 5,665 $83,558.75
110122108 BRISTOL MYERS SQUIBB CO US BMY 1,178 $52,314.98
110448107 BRITISH AMERICAN TOB-SP ADR GB BTI 1,650 $58,756.50
11135F101 BROADCOM INC US AVGO 263 $76,267.37
11680JAA0 BRUIN E&P PARTNERS LLC 8.87500 08/01/2023 US 55,000 $41,112.50
12429TAE4 BWAY HOLDING CO 7.25000 04/15/2025 US 60,000 $56,850.00
12503M108 CBOE GLOBAL MARKETS INC US CBOE 28,945 $3,163,977.95
125269100 CF INDUSTRIES HOLDINGS INC US CF 33,775 $1,673,889.00
12541W209 C.H. ROBINSON WORLDWIDE INC US CHRW 233 $19,509.09
12572Q105 CME GROUP INC US CME 16,275 $3,164,185.50
126650100 CVS HEALTH CORP US CVS 972 $54,305.64
133131102 CAMDEN PROPERTY TRUST US CPT 590 $61,188.90
13321L108 CAMECO CORP CA CCJ 9,087 $83,509.53
149123101 CATERPILLAR INC US CAT 403 $53,063.01
165240102 CHESAPEAKE LODGING TRUST US CHSP 1,010 $27,744.70
166764100 CHEVRON CORP US CVX 826 $101,688.86
17275R102 CISCO SYSTEMS INC US CSCO 2,440 $135,176.00
172967424 CITIGROUP INC US C 1,023 $72,796.68
172967EW7 CITIGROUP INC 8.12500 07/15/2039 US 180,000 $290,057.43
191216100 COCA COLA CO/THE US KO 149,615 $7,874,237.45
192422103 COGNEX CORP US CGNX 34,305 $1,509,763.05
194162103 COLGATE-PALMOLIVE CO US CL 34,915 $2,504,802.10
2011646 ALIMENTATION COUCHE-TARD -B CA ATD/B CN 2,320 $142,209.43
20369C106 COMMUNITY HEALTHCARE TRUST I US CHCT 1,500 $61,635.00
205887102 CONAGRA BRAND INC. US CAG 568 $16,398.16
21036PAM0 CONSTELLATION BRANDS INC 3.87500 11/15/2019 US 210,000 $210,701.08
222795502 COUSINS PROPERTIES INC US CUZ 3,579 $125,909.22
22546QAD9 CREDIT SUISSE AG 5.40000 01/14/2020 CH 620,000 $627,850.46
22822V101 CROWN CASTLE INTL CORP US CCI 475 $63,298.50
228368106 CROWN HOLDINGS INC US CCK 38,160 $2,442,621.60
229663109 CUBESMART US CUBE 910 $30,894.50
231021106 CUMMINS INC US CMI 180 $29,520.00
2328595 BANCO DO BRASIL S.A. BR BBAS3 BZ 3,600 $46,580.63
2347608 FIRST QUANTUM MINERALS LTD CA FM CN 3,160 $29,114.71
2434760 MEXICHEM SAB DE CV MX MEXCHEM* MM 36,400 $66,517.67
2458771 ITAUSA INVESTIMENTOS ITAU -PR BR ITSA4 BZ 14,100 $46,256.76
2521800 LOBLAW COMPANIES LTD CA L CN 2,815 $146,060.92
25271C102 DIAMOND OFFSHORE DRILLING US DO 95,760 $865,670.40
253868103 DIGITAL REALTY TRUST INC US DLR 575 $65,757.00
25470DAT6 DISCOVERY COMMUNICATIONS 5.20000 09/20/2047 US 360,000 $383,047.16
256677105 DOLLAR GENERAL CORP US DG 34,220 $4,586,164.40
256746108 DOLLAR TREE STORES INC US DLTR 50,540 $5,142,445.00
25787GAC4 DONNELLEY FINANCIAL SOL 8.25000 10/15/2024 US 55,000 $57,200.00
25960P109 DOUGLAS EMMETT INC US DEI 995 $40,615.90
260557103 DOW INC US DOW 562 $27,223.28
26151AAA7 DRAX FINCO PLC 6.62500 11/01/2025 GB 125,000 $130,000.00
26780TAA5 DYNAGAS LNG PARTNERS/FIN 6.25000 10/30/2019 MH 130,000 $124,800.00
269246401 ETRADE FINANCIAL CORP US ETFC 25,395 $1,239,022.05
2715777 QUEBECOR INC -CL B CA QBR/B CN 121,700 $2,757,107.14
277432100 EASTMAN CHEM CO US EMN 220 $16,577.00
2801836 SHAW COMMUNICATIONS INC-B CA SJR/B CN 138,680 $2,718,329.75
285512109 ELECTRONIC ARTS US EA 65,990 $6,104,075.00
2866857 LUNDIN MINING CORP CA LUN CN 163,015 $789,260.38
291011104 EMERSON ELEC CO US EMR 611 $39,641.68
29273RAR0 ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 US 240,000 $284,177.21
29444U700 EQUINIX INC US EQIX 6,915 $3,472,021.50
2945422 WEG SA BR WEGE3 BZ 2,900 $18,146.13
29472R108 EQUITY LIFESTYLE PROPERTIES US ELS 455 $56,533.75
29476L107 EQUITY RESIDENTIAL US EQR 1,415 $111,629.35
29670E107 ESSENTIAL PROPERTIES REALTY US EPRT 2,113 $44,626.56
297178105 ESSEX PROPERTY TRUST INC US ESS 330 $99,732.60
30225T102 EXTRA SPACE STORAGE INC US EXR 325 $36,526.75
30303M102 FACEBOOK INC -A US FB 28,335 $5,503,507.05
30744W107 FARFETCH LTD - CLASS A GB FTCH 1,435 $28,843.50
311900104 FASTENAL CO US FAST 700 $21,560.00
313747206 FEDERAL RLTY INVT TR SH BEN INT US FRT 165 $21,781.65
315786AC7 FIDELITY & GUARA NTY LIFE 5.50000 05/01/2025 US 105,000 $109,725.00
316773100 FIFTH THIRD BANCORP US FITB 821 $24,375.49
32054K103 FIRST INDUSTRIAL REALTY TR US FR 1,060 $40,481.40
33834YAA6 FIVE POINT OP CO LP/FIVE 7.87500 11/15/2025 US 70,000 $70,001.40
346232AD3 FORESTAR GROUP INC 8.00000 04/15/2024 US 80,000 $85,200.00
34960PAB7 FORTRESS TRANS & INFRAST 6.50000 10/01/2025 US 80,000 $82,900.00
35671D857 FREEPORT-MCMORAN INC US FCX 140,840 $1,557,690.40
36166LAA5 GEMS MENASA KY LTD/GEMS 7.12500 07/31/2026 AE 85,000 $86,806.25
364760108 GAP INC US GPS 633 $12,343.50
369550108 GENERAL DYNAMICS CORP US GD 187 $34,770.78
369604BQ5 GENERAL ELECTRIC CO 5.00000 01/21/2021 US 290,000 $280,937.50
370334104 GENERAL MLS INC US GIS 670 $35,583.70
37045VAR1 GENERAL MOTORS CO FLT 3.35300 09/10/2021 US 340,000 $340,063.97
372460105 GENUINE PARTS CO US GPC 217 $21,075.04
374297109 GETTY REALTY CORP US GTY 1,245 $37,325.10
375558103 GILEAD SCIENCES INC US GILD 1,050 $68,796.00
37953TAB1 GLOBAL SHIP LEASE INC 9.87500 11/15/2022 MH 127,000 $128,905.00
37960JAA6 GLOBAL AIR LEASE CO LTD 6.50000 09/15/2024 KY 55,000 $54,758.00
38141GVR2 GOLDMAN SACHS GROUP INC 4.25000 10/21/2025 US 180,000 $191,492.97
400506101 GRUPO AEROPORTUARIO PAC-ADR MX PAC 470 $47,042.30
40060QAA3 GTCR AP FINANCE INC 8.00000 05/15/2027 US 10,000 $10,225.00
4012250 AIRBUS SE FR AIR FP 875 $123,691.12
4031879 VEOLIA ENVIRONMENT FR VIE FP 870 $21,955.24
404119BX6 HCA INC 4.12500 06/15/2029 US 280,000 $286,823.60
404139AD9 HC2 HOLDINGS INC 11.50000 12/01/2021 US 20,000 $17,400.00
40414L109 HCP INC US HCP 2,255 $72,002.15
4057808 L'OREAL FR OR FP 415 $111,039.45
4061412 LVMH MOET HENNESSY LOUIS VUITTON FR MC FP 390 $161,093.50
406216101 HALLIBURTON CO US HAL 137,515 $3,162,845.00
4162791 THALES SA FR HO FP 125 $14,084.28
4163437 CAPGEMINI FR CAP FP 225 $28,567.05
416515104 HARTFORD FINL SVCS US HIG 331 $19,075.53
421946104 HEALTHCARE REALTY TRUST INC US HR 1,900 $60,762.00
42225P501 HEALTHCARE TRUST OF AMERICA US HTA 3,030 $81,597.90
427866108 HERSHEY CO/THE US HSY 230 $34,900.20
43300A203 HILTON WORLDWIDE HOLDINGS INC US HLT 315 $30,413.25
437076102 HOME DEPOT INC US HD 650 $138,898.50
438516106 HONEYWELL INTERNATIONAL INC US HON 485 $83,643.10
44107P104 HOST MARRIOTT CORP US HST 3,865 $67,212.35
444454AD4 HUGHES SATELLITE SYSTEMS 5.25000 08/01/2026 US 110,000 $116,545.00
4457624 TRIGANO SA FR TRI FP 265 $26,587.36
452308109 ILLINOIS TOOL WKS INC US ITW 270 $41,642.10
45337C102 INCYTE CORP US INCY 23,225 $1,972,267.00
45378A106 INDEPENDENCE REALTY TRUST IN US IRT 3,655 $45,139.25
458140100 INTEL CORP US INTC 2,756 $139,315.80
45866F104 INTERCONTINENTALEXCHANGE INC US ICE 37,265 $3,274,102.90
4588364 MICHELIN (CGDE)-B FR ML FP 290 $32,058.81
459200101 INTERNATIONAL BUSINESS MACH CORP US IBM 625 $92,650.00
460146103 INTERNATIONAL PAPER CO US IP 396 $17,388.36
46120E602 INTUITIVE SURGICAL INC US ISRG 2,325 $1,207,860.75
46187W107 INVITATION HOMES INC US INVH 3,747 $102,930.09
46625H100 JP MORGAN CHASE & CO US JPM 1,369 $158,804.00
46647PAY2 JPMORGAN CHASE & CO 4.02300 12/05/2024 US 270,000 $286,268.14
4682329 PERNOD-RICARD SA FR RI FP 365 $64,051.74
4741844 MERCK KGAA DE MRK GR 23,880 $2,435,620.45
476405105 JERNIGAN CAPITAL INC US JCAP 2,590 $51,385.60
478160104 JOHNSON & JOHNSON US JNJ 61,408 $7,996,549.76
47987LAA9 JONAH NRG LLC/FINANCE 7.25000 10/15/2025 US 125,000 $49,375.00
4821100 SOLVAY SA BE SOLB BB 1,615 $165,368.23
4824778 SGS SA-REG CH SGSN SW 30 $74,084.01
482480100 KLA-TENCOR CORPORATION US KLAC 211 $28,763.52
4834108 SCHNEIDER ELECTRIC SE FR SU FP 835 $72,040.70
4834777 VIVENDI FR VIV FP 1,570 $43,606.92
487836108 KELLOGG CO US K 379 $22,065.38
493267108 KEYCORP US KEY 1,120 $20,574.40
494368103 KIMBERLY CLARK CORP US KMB 331 $44,900.15
49446R109 KIMCO REALTY CORP US KIM 1,830 $35,154.30
494550AW6 KINDER MORGAN ENER PART 6.95000 01/15/2038 US 290,000 $375,746.98
500255104 KOHLS CORP US KSS 295 $15,888.70
50050N103 KONTOOR BRANDS INC US KTB 58 $1,701.14
501044101 KROGER CO US KR 705 $14,917.80
50187TAE6 LGI HOMES INC 6.87500 07/15/2026 US 135,000 $137,362.50
5107401 BEIERSDORF AG DE BEI GR 27,915 $3,235,019.52
512807108 LAM RESEARCH CORP US LRCX 122 $25,450.42
5176177 ORANGE FR ORA FP 3,420 $50,693.02
5253973 HERMES INTERNATIONAL FR RMS FP 50 $35,121.30
529043101 LEXINGTON REALTY TRUST US LXP 3,720 $36,716.40
531172104 LIBERTY PROPERTY TRUST US LPT 1,035 $54,130.50
5330047 DASSAULT SYSTEMES SA FR DSY FP 225 $34,226.32
539830109 LOCKHEED MARTIN CORP US LMT 202 $73,158.34
54238XAC2 LONESTAR RESOURCES AMERICA 11.25000 01/01/2023 US 50,000 $46,750.00
5474008 BANKINTER S.A. ES BKT SM 15,195 $98,566.29
5476929 BARRY CALLEBAUT AG-REG CH BARN SW 40 $78,038.59
550021109 LULULEMON - ADR CA LULU 29,602 $5,656,646.18
5505072 KERING FR KER FP 120 $61,981.49
5545670 JUNGHEINRICH AG DE JUN3 GR 3,530 $78,701.49
55933JAB0 MAGNACHIP SEMICONDUCTOR 6.62500 07/15/2021 US 105,000 $103,950.00
5608915 ALTEN SA FR ATE FP 410 $50,721.01
5633616 SOPRA STERIA GROUP FR SOP FP 575 $74,219.01
563571AL2 MANITOWOC COMPANY INC 9.00000 04/01/2026 US 20,000 $20,150.00
56585A102 MARATHON PETROLEUM CORP US MPC 696 $39,247.44
5669354 REPSOL SA ES REP SM 9,069 $143,842.10
5671735 SANOFI-AVENTIS FR SAN FP 1,790 $149,164.34
5701513 ELISA OYJ FI ELISA FH 3,118 $146,625.46
5727973 SIEMENS AG-REG DE SIE GR 630 $68,565.18
57636Q104 MASTERCARD INC-CLASS A US MA 28,805 $7,842,737.35
57772K101 MAXIM INTEGRATED PRODUCTS US MXIM 328 $19,414.32
585464100 MELCO CROWN ENTERTAINME-ADR HK MLCO 2,880 $64,713.60
58933Y105 MERCK & CO INC US MRK 19,993 $1,659,219.07
594918104 MICROSOFT CORP US MSFT 52,650 $7,174,615.50
595112103 MICRON TECHNOLOGY INC US MU 67,670 $3,037,706.30
59522J103 MID-AMERICA APARTMENT COMM US MAA 415 $48,903.60
5962280 CHOCOLADEFABRIKEN LINDT-PC CH LISP SW 7 $51,591.17
5980613 GIVAUDAN - REG CH GIVN SW 25 $66,489.78
5986622 KONINKLIJKE PHILIPS NV NL PHIA NA 3,070 $144,016.05
6055112 AYALA LAND INC PH ALI PM 70,600 $68,840.45
6074968 BANK OF THE PHILIPPINE ISLAN PH BPI PM 24,490 $43,165.06
60871R209 MOLSON COORS BREWING CO -B US TAP 265 $14,307.35
609207105 MONDELEZ INTERNATIONAL INC US MDLZ 135,699 $7,258,539.51
6108179 HARMONIC DRIVE SYSTEMS INC JP 6324 JP 1,800 $67,792.87
615369105 MOODY'S CORPORATION US MCO 16,145 $3,460,519.30
61744YAG3 MORGAN STANLEY FLT 3.77988 05/08/2024 US 560,000 $567,812.00
6194037 KAKAO CORP KR 035720 KS 1,245 $132,625.81
61965RAB1 MOSS CREEK RESOURCES HLD 10.50000 05/15/2027 US 10,000 $8,800.00
6211732 DAEWOO SHIPBUILDING& MARINE KR 042660 KS 1,380 $33,963.01
62426EAA3 MOUNTAIN PROVINCE DIAMON 8.00000 12/15/2022 CA 105,000 $104,081.25
6250025 DAIFUKU CO LTD JP 6383 JP 1,300 $71,101.26
6272483 DMCI HOLDINGS INC PH DMC PM 104,600 $20,842.92
6284864 GLOBE TELECOM INC PH GLO PM 1,005 $42,421.81
6291819 CHINA PETROLEUM & CHEMICAL - H CN 386 HK 148,000 $95,017.60
62957HAC9 NABORS INDUSTRIES INC 5.50000 01/15/2023 US 60,000 $56,100.00
6344456 LG HOUSEHOLD & HEALTH CARE KR 051900 KS 128 $135,529.73
6356934 FANUC LTD JP 6954 JP 700 $124,408.51
637417106 NATIONAL RETAIL PROPERTIES US NNN 750 $39,180.00
637870106 NATIONAL STORAGE AFFILIATES US NSA 785 $23,777.65
64110D104 NETAPP INC US NTAP 244 $14,271.56
6441506 HOYA CORP JP 7741 JP 1,800 $138,027.53
6446620 HYUNDAI HEAVY INDUSTRIES KR 009540 KS 1,560 $141,630.85
6451066 HYUNDAI MIPO DOCKYARD KR 010620 KS 3,650 $131,194.97
6465874 GALAXY ENTERTAINMENT GROUP L HK 27 HK 14,000 $95,302.18
6474494 JOLLIBEE FOODS CORP PH JFC PM 10,250 $52,086.94
647581107 NEW ORIENTAL EDUCATIO- SP ADR CN EDU 1,005 $104,831.55
6490995 KEYENCE CORP JP 6861 JP 3,135 $1,799,017.07
6499550 KYOWA KIRIN CO LTD JP 4151 JP 92,800 $1,529,439.05
6514442 METROPOLITAN BANK & TRUST PH MBT PM 34,305 $50,992.30
654106103 NIKE INC CLASS B US NKE 63,515 $5,464,195.45
66727WAA0 NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 CA 120,000 $81,600.00
6687571 NABTESCO CORP JP 6268 JP 2,500 $67,348.74
66987V109 NOVARTIS AG- REG CH NVS 36,475 $3,340,380.50
670346105 NUCOR CORP US NUE 432 $23,492.16
67059TAD7 NUSTAR LOGISTICS LP 6.75000 02/01/2021 US 55,000 $57,475.00
6742340 SHANDONG WEIGAO CN 1066 HK 68,000 $64,828.60
674599105 OCCIDENTAL PETROLEUM CORP US OXY 577 $29,634.72
6772217 SAMSUNG HEAVY INDUSTRIES KR 010140 KS 5,570 $32,995.62
680665205 OLIN CORP US OLN 77,845 $1,562,349.15
680665AL0 OLIN CORP 5.62500 08/01/2029 US 55,000 $56,443.75
6818843 SM PRIME HOLDINGS INC PH SMPH PM 117,635 $84,103.53
6821120 SONIC HEALTHCARE LTD AU SHL AU 7,365 $140,957.95
6821506 SONY CORP FIRST SECTION JP 6758 JP 2,300 $130,810.00
6895200 TOHO CO LTD JP 9602 JP 3,700 $143,660.23
6919519 UNIVERSAL ROBINA CORP PH URC PM 14,980 $46,941.86
6979728 WOODSIDE PETROLEUM LTD AU WPL AU 3,005 $70,860.81
7021963 DEUTSCHE BOERSE AG DE DB1 GR 18,020 $2,501,587.95
7088429 AXA SA FR CS FP 3,005 $75,690.87
7103065 NOVARTIS AG-REG CH NOVN SW 1,710 $156,805.03
7103526 PEUGEOT SA FR UG FP 825 $19,472.51
7110388 ROCHE HOLDING AG-GENUSSCHEIN CH ROG SW 805 $215,470.49
7110902 TECAN GROUP AG-REG CH TECN SW 145 $36,839.95
7123870 NESTLE SA-REGISTERED CH NESN SW 35,280 $3,742,756.67
7133608 EQUINOR ASA NO EQNR NO 9,210 $165,138.10
713448108 PEPSICO INC US PEP 37,495 $4,792,235.95
7145056 ENI SPA IT ENI IM 10,570 $165,117.56
717081103 PFIZER INC US PFE 3,374 $131,046.16
718172109 PHILIP MORRIS INTERNATIONAL US PM 42,635 $3,564,712.35
718546104 PHILLIPS 66 US PSX 330 $33,844.80
71943U104 PHYSICIANS REALTY TRUST US DOC 4,510 $77,617.10
7212477 ESSILORLUXOTTICA FR EL FP 430 $58,207.67
7262610 CREDIT AGRICOLE SA FR ACA FP 1,745 $20,772.47
729640102 PLYMOUTH INDUSTRIAL REIT INC US 1,369 $25,436.02
7309681 BNP PARIBAS FR BNP FP 1,945 $91,026.29
7339451 ORPEA SA FR ORP FP 535 $66,841.80
7380482 COMPAGNIE DE SAINT-GOBAIN FR SGO FP 735 $28,156.88
741503AZ9 BOOKING HOLDINGS INC 3.60000 06/01/2026 US 540,000 $567,130.44
74340W103 PROLOGIS US PLD 2,500 $201,525.00
744320AL6 PRUDENTIAL FINANCIAL INC 5.87500 09/15/2042 US 350,000 $374,069.50
74460D109 PUBLIC STORAGE INC US PSA 430 $104,386.80
74834L100 QUEST DIAGNOSTICS INC US DGX 167 $17,047.36
750236AW1 RADIAN GROUP INC 4.87500 03/15/2027 US 120,000 $120,300.00
756109104 REALTY INCOME CORP US O 345 $23,877.45
7591EP100 REGIONS FINANCIAL CORP. US RF 1,001 $15,945.93
76131D103 RESTAURANT BRANDS INTERN CA QSR 1,260 $92,862.00
7698356 GETINGE AB-B SHS SE GETIB SS 5,315 $77,985.24
77340RAK3 ROCKIES EXPRESS PIPELINE 5.62500 04/15/2020 US 80,000 $81,871.16
773903109 ROCKWELL AUTOMATION INC US ROK 110 $17,685.80
7742468 GECINA SA FR GFC FP 420 $64,440.85
77714PAB5 SEMGROUP / ROSE ROCK FIN 5.62500 07/15/2022 US 80,000 $78,700.00
7792559 HEINEKEN NV NL HEIA NA 1,270 $136,256.57
780259107 ROYAL DUTCH SHELL PLC-ADR B NL RDS/B 3,385 $214,845.95
783513203 RYANAIR HOLDINGS - ADR IE RYAAY 890 $55,295.70
78409V104 S&P GLOBAL INC US SPGI 13,515 $3,310,499.25
78410G104 SBA COMMUNICATIONS CORP US SBAC 17,490 $4,292,220.90
78442PGC4 SLM CORP 5.12500 04/05/2022 US 110,000 $111,100.00
78463V107 SPDR GOLD SHARES US 3,745 $498,871.45
785592AV8 SABINE PASS LIQUEFACTION 5.87500 06/30/2026 US 410,000 $467,506.62
80282KAE6 SANTANDER HOLDINGS USA 4.50000 07/17/2025 US 350,000 $371,243.02
806857108 SCHLUMBERGER LTD NL SLB 57,511 $2,298,714.67
808513105 CHARLES SCHWAB CORP/THE US SCHW 31,295 $1,352,569.90
81141R100 SEA LTD - ADR SG SE 141,310 $4,959,981.00
812578102 SEATTLE GENETICS INC US SGEN 25,485 $1,929,469.35
81762P102 SERVICENOW INC US NOW 27,220 $7,550,555.80
822538AE4 SHELF DRILL HOLD LTD 8.25000 02/15/2025 KY 55,000 $50,600.00
828806109 SIMON PROPERTY GROUP INC US SPG 985 $159,767.00
832696405 JM SMUCKER CO/THE-NEW COM WI US SJM 161 $17,901.59
835699307 SONY CORP SPONSORED ADR JP SNE 45,000 $2,558,700.00
84265V105 SOUTHERN COPPER CORPORATION US SCCO 55,530 $1,987,418.70
84265VAD7 SOUTHERN COPPER CORP 5.37500 04/16/2020 US 370,000 $376,274.07
845467AL3 SOUTHWESTERN ENERGY CO 6.20000 01/23/2025 US 95,000 $81,937.50
85207UAH8 SPRINT CORP 7.12500 06/15/2024 US 50,000 $54,750.00
85254J102 STAG INDUSTRIAL INC US STAG 1,320 $39,230.40
855030AN2 STAPLES INC 7.50000 04/15/2026 US 80,000 $81,800.00
862121100 STORE CAPITAL CORP US STOR 680 $23,262.80
866674104 SUN COMMUNITIES US SUI 685 $90,974.85
867892101 SUNSTONE HOTEL INVESTORS INC US SHO 2,615 $34,544.15
867914103 SUNTRUST BANKS INC US STI 415 $27,639.00
871829107 SYSCO CORP US SYY 524 $35,930.68
874080104 TAL EDUCATION GROUP - ADR CN TAL 3,815 $122,843.00
87854WAA1 TECHNIPLAS LLC 10.00000 05/01/2020 US 70,000 $60,900.00
882508104 TEXAS INSTRUMENTS INC US TXN 675 $84,381.75
883556102 THERMO FISHER SCIENTIFIC INC US TMO 8,445 $2,345,007.60
88579Y101 3M CO US MMM 451 $78,798.72
89417E109 TRAVELLERS COS INC US TRV 192 $28,151.04
901109AF5 TUTOR PERINI CORP 6.87500 05/01/2025 US 95,000 $93,218.75
902494103 TYSON FOODS INC -CL A US TSN 301 $23,929.50
902653104 UDR INC US UDR 1,190 $54,811.40
902973304 U.S. BANCORP US USB 1,213 $69,322.95
903002103 UMH PROPERTIES INC US UMH 1,445 $19,001.75
904767704 UNILEVER PLC - ADR GB UL 68,274 $4,104,632.88
907818108 UNION PAC CORP US UNP 486 $87,455.70
911312106 UNITED PARCEL SERVICE US UPS 714 $85,301.58
912810PT9 UNITED STATES TREAS BOND 4.75000 02/15/2037 US 2,085,000 $2,850,911.72
912810QV3 UNITED STATES TREAS INFL INDEX 0.75000 02/15/2042 US 939,547.15 $954,069.33
912810RX8 US TREASURY N/B 3.00000 05/15/2047 US 1,750,000 $1,915,839.84
9128283W8 US TREASURY N/B 2.75000 02/15/2028 US 3,570,000 $3,783,642.19
9128284P2 US TREASURY N/B 2.62500 05/15/2021 US 3,750,000 $3,794,677.73
912828K33 UNITED STATES TREAS INFL INDEX 0.12500 04/15/2020 US 3,826,401.43 $3,781,629.89
912828K74 US TREASURY N/B 2.00000 08/15/2025 US 13,357,000 $13,430,046.09
912828R36 US TREASURY N/B 1.62500 05/15/2026 US 3,850,000 $3,774,804.69
912828X88 US TREASURY N/B 2.37500 05/15/2027 US 3,670,000 $3,780,960.17
913017109 UNITED TECHNOLOGIES CORP US UTX 572 $76,419.20
91324P102 UNITEDHEALTH GROUP INC US UNH 9,860 $2,455,238.60
91704F104 URBAN EDGE PROPERTIES US UE 2,770 $46,342.10
918204108 VF CORP US VFC 406 $35,480.34
91913Y100 VALERO ENERGY US VLO 436 $37,169.00
92189F106 MARKET VECTORS GOLD MINERS US 10,269 $272,128.50
92276F100 VENTAS INC US VTR 1,565 $105,308.85
92339V100 VEREIT INC US VER 7,445 $67,898.40
92343VDV3 VERIZON COMMUNICATIONS 5.50000 03/16/2047 US 450,000 $566,690.42
92511U102 VERRA MOBILITY CORP US VRRM 353,620 $4,897,637.00
92532F100 VERTEX PHARMACEUTICALS INC US VRTX 10,430 $1,737,846.60
92553P201 VIACOM INC CL B US VIAB 548 $16,631.80
92826C839 VISA INC - CLASS A SHARES US V 38,015 $6,766,670.00
92840JAA7 VISTAJET MALTA/XO MGMT 10.50000 06/01/2024 MUL 70,000 $69,300.00
929042109 VORNADO REALTY TRUST US VNO 655 $42,129.60
92922PAL0 W & T OFFSHORE INC 9.75000 11/01/2023 US 55,000 $52,662.50
931142103 WAL MART STORES US WMT 1,466 $161,817.08
931427108 WALGREENS BOOTS ALLIANCE INC US WBA 776 $42,284.24
94106L109 WASTE MANAGEMENT INC US WM 398 $46,566.00
94856UAA9 WEEKLEY HOMES LLC/ FINAN 6.62500 08/15/2025 US 95,000 $94,287.50
948741103 WEINGARTEN REALTY INVESTORS US WRI 1,770 $49,400.70
949746101 WELLS FARGO COMPANY US WFC 2,621 $126,882.61
95040Q104 WELLTOWER INC. US WELL 980 $81,457.60
958102105 WESTERN DIGITAL CORP US WDC 397 $21,394.33
96949LAD7 WILLIAMS PARTNERS LP 3.75000 06/15/2027 US 280,000 $288,317.64
AP8694550 BOREALIS FINANCE LLC 7.50000 11/16/2022 MH 130,000 $122,850.00
B00FM53 BANCO BRADESCO SA - PREF BR BBDC4 BZ 12,900 $117,089.89
B01FLR7 PING AN INSURANCE GROUP CO-H CN 2318 HK 9,000 $106,072.32
B037HR3 ITAU UNIBANCO HOLDINGS S-PREF BR ITUB4 BZ 15,600 $142,700.75
B037JC2 NEXITY FR NXI FP 445 $21,366.03
B058TZ6 SAFRAN SA FR SAF FP 475 $68,191.62
B068DB9 SM INVESTMENTS CORP PH SM PM 3,345 $65,414.84
B07DRZ5 RECORDATI SPA IT REC IM 3,200 $143,311.80
B08K3S0 LOCALIZA RENT A CAR BR RENT3 BZ 1,800 $20,658.48
B0C2CQ3 ENGIE FR ENGI FP 2,770 $42,629.02
B0CGYD6 LOJAS RENNER S.A. BR LREN3 BZ 2,800 $34,666.63
B0MP1B0 SHENZHOU INTERNATIONAL GROUP CN 2313 HK 7,600 $104,824.63
B0R7JF1 IPSEN FR IPN FP 1,130 $129,719.71
B0SWJX3 LONDON STOCK EXCHANGE GROUP GB LSE LN 36,415 $2,924,558.66
B11ZRK9 LEGRAND SA FR LR FP 395 $27,824.46
B13X013 EIFFAGE FR FGR FP 420 $41,501.31
B15C557 TOTAL SA FR FP FP 2,675 $138,646.10
B1FW751 GALP ENERGIA SGPS SA PT GALP PL 9,125 $142,059.37
B1KFX13 GRUPO AEROPORTUARIO DEL CENT MX OMAB MM 10,100 $62,063.84
B1XFTL2 HEXAGON AB-B SHS SE HEXAB SS 1,385 $67,106.49
B1XH026 VINCI SA FR DG FP 1,370 $140,923.67
B1Y47Y7 GERRESHEIMER AG DE GXI GR 770 $59,892.24
B1Y9TB3 DANONE FR BN FP 3,818 $331,360.51
B1YVKN8 ANTA SPORTS PRODUCTS LTD CN 2020 HK 9,000 $67,184.40
B1YXBJ7 AIR LIQUIDE FR AI FP 615 $84,892.60
B1Z9Q99 ABOITIZ POWER CORP PH AP PM 59,300 $41,161.94
B247XZ6 MANILA ELECTRIC COMPANY PH MER PM 5,830 $41,714.54
B24CGK7 RECKITT BENCKISER GROUP PLC GB RB/ LN 1,793 $138,604.94
B3NB1P2 SUNCOR ENERGY INC CA SU CN 4,265 $122,378.81
B3ZCNF7 TELEFONICA BRASIL S.A. - PREF BR VIVT4 BZ 1,600 $21,880.59
B4975P9 MAGAZINE LUIZA SA BR MGLU3 BZ 200 $13,782.80
B4JSTL6 WYNN MACAU LTD MO 1128 HK 44,400 $99,626.16
B4P8HQ1 MGM CHINA HOLDINGS LTD MO 2282 HK 40,400 $66,018.62
B4R2R50 JULIUS BAER CH BAER SW 39,085 $1,670,204.60
B4V5RY4 BANCO SANTANDER BRASIL - UNIT BR SANB11 BZ 1,100 $12,474.75
B5B23W2 SANDS CHINA LTD MO 1928 HK 20,800 $99,837.26
B5VJH76 BDO UNIBANK INC PH BDO PM 22,420 $64,467.37
B63QM77 NEXON CO LTD JP 3659 JP 19,400 $307,072.55
B725S29 PUREGOLD PRICE CLUB INC PH PGOLD PM 24,200 $21,557.70
B7FQV64 RAIA DROGASIL S.A. BR RADL3 BZ 900 $19,455.76
B92RW83 LT GROUP INC PH LTG PM 73,100 $20,254.68
B9N3SQ0 BB SEGURIDADE PARTICIPACOES BR BBSE3 BZ 2,400 $20,444.67
BB22L96 KION GROUP AG DE KGX GR 1,285 $68,493.07
BBQ3850 KEYWORDS STUDIOS PLC IE KWS LN 450 $9,033.32
BD0PJ08 INMOBILIARIA COLONIAL SOCIMI ES COL SM 5,810 $64,960.04
BD4TZK8 OCI NV NL OCI NA 1,195 $31,168.08
BD9Y5C0 TECHNOGYM SPA IT TGYM IM 9,490 $101,940.18
BD9Y9B7 BASIC-FIT NV NL BFIT NA 3,245 $102,558.01
BF1K7P7 ESSITY AKTIEBOLAG-B SE ESSITYB SS 4,815 $143,020.38
BFTCYP4 ROBINSONS RETAIL HOLDINGS IN PH RRHI PM 13,960 $21,754.42
BG36ZK1 B3 SA-BRASIL BOLSA BALCAO BR B3SA3 BZ 6,600 $73,153.67
BG7ZWY7 AMBEV SA BR ABEV3 BZ 14,900 $78,865.93
BGHQ198 HIBERNIA REIT PLC IE HBRN ID 21,280 $35,571.10
BH4TZ73 FU SHOU YUAN INTERNATIONAL CN 1448 HK 121,000 $103,395.69
BJ2KSG2 AKZO NOBEL NL AKZA NA 38,709 $3,652,372.84
BJT1GR5 ALCON INC CH ALC SW 1,219 $70,591.81
BMJ6DW5 INFORMA PLC GB INF LN 13,080 $138,487.95
BMMV2K8 TENCENT HOLDINGS LTD CN 700 HK 149,171 $6,950,320.42
BMTRW10 B&M EUROPEAN VALUE RETAIL SA GB BME LN 13,420 $60,237.05
BNGN9Z1 FINECOBANK SPA IT FBK IM 167,765 $1,668,927.27
BP9DL90 INDUSTRIA DE DISENO TEXTIL ES ITX SM 84,190 $2,519,165.01
BSQXJ01 THULE GROUP AB/THE SE THULE SS 6,250 $136,519.57
BVSS790 ELIS SA FR ELIS FP 2,295 $42,630.79
BYXS699 QIAGEN N.V. NL QIA GR 2,483 $94,248.10
BYXZ2W5 RUMO SA BR RAIL3 BZ 3,700 $21,115.99
BYYHL23 ANHEUSER-BUSCH INBEV SA/NV BE ABI BB 35,683 $3,587,458.15
BYZFYS3 SPIE SA FR SPIE FP 1,175 $21,779.36
BYZFZ91 SOPHOS GROUP PLC GB SOPH LN 17,155 $90,563.92
BYZR014 AMUNDI SA FR AMUN FP 920 $63,300.35
G0750C108 AXALTA COATING SYSTEMS LTD US AXTA 62,060 $1,838,837.80
G0772R208 BANK OF N.T. BUTTERFIELD&SON BM NTB 2,200 $69,146.00
G25839104 COCA-COLA EUROPEAN PARTNERS GB CCEP 2,505 $138,476.40
G27358103 DESPEGAR.COM CORP AR DESP 2,045 $26,605.45
G29183103 EATON CORP PLC US ETN 445 $36,574.55
G37585AC3 GASLOG LTD 8.87500 03/22/2022 BM 110,000 $113,410.00
G45667105 HOLLYSYS AUTOMATION TECHNOLOGIES CN HOLI 4,005 $69,246.45
G50871105 JAZZ PHARMACEUTICALS IE JAZZ 1,070 $149,136.60
G51502105 JOHNSON CONTROLS INTERNATIONAL US JCI 844 $35,819.36
G5960L103 MEDTRONIC INC IE MDT 66,423 $6,771,160.62
G97822103 PERRIGO CO PLC IE PRGO 1,735 $93,707.35
H01301128 ALCON INC CH ALC 11,455 $672,981.25
H1467J104 CHUBB LTD CH CB 272 $41,572.48
H8817H100 TRANSOCEAN LTD US RIG 278,480 $1,693,158.40
N22717107 CORE LABORATORIES N.V. NL CLB 46,240 $2,319,860.80
N47279109 INTERXION HOLDING NV NL INXN 23,890 $1,798,917.00
N53745100 LYONDELLBASELL INDU-CL A US LYB 408 $34,145.52
N72482123 QIAGEN N.V. ADR NL QGEN 63,186 $2,383,375.92
USD US DOLLAR US 7,234,929.49 $7,234,929.49

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

$40.42

Daily $ Change

-$0.06

Daily % Change

-0.15%

as of 08/22/2019

CUSIP

563821115

Inception Date

01/01/2000

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.

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 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 07/31/2019

YTD

18.84%

1 Year

5.85%

3 Year

10.05%

5 Year

6.58%

10 Year

9.74%

Inception
(01/01/2000)

7.33%

US Stock Market Cycle (04/01/2000 - 07/31/2019)

7.48%

Returns are net of Pro-Mix® CIT Class S 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 0.90%
Net 0.90%*

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

Top Ten Investments

As of 07/31/2019

TREASURY NOTES 7.76%
JOHNSON & JOHNSON 2.17%
COCA COLA CO/THE 2.14%
MASTERCARD INC-CLASS A 2.13%
SERVICENOW INC 2.05%
BERKSHIRE HATHAWAY INC-CL B 1.98%
MONDELEZ INTERNATIONAL INC 1.97%
MICROSOFT CORP 1.95%
TENCENT HOLDINGS LTD 1.89%
MEDTRONIC INC 1.84%

This investment list is unaudited and excludes cash.

Asset Allocation

As of 07/31/2019

Stocks
84.76%
Bonds
13.31%
Cash
1.93%

Detailed Asset Class Allocation

As of 07/31/2019

International Equities
26.97%
Small Capitalization
1.68%
Mid Capitalization
2.71%
Large Capitalization
53.40%
Long Term Fixed Income
2.13%
Intermediate Term Fixed Income
8.43%
Short Term Fixed Income
2.75%
Cash
1.93%

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

July Fund Holdings

As of 07/31/2019

CUSIP Security Description Country Ticker Shares/Par Market Value (USD)
00101JAM8 ADT CORP 5.25000 03/15/2020 US 50,000 $50,375.00
00206RDQ2 AT&T INC 4.25000 03/01/2027 US 350,000 $376,458.77
00287Y109 ABBVIE INC US ABBV 1,068 $71,150.16
004239109 ACADIA REALTY TRUST US AKR 680 $19,087.60
00507V109 ACTIVISION INC US ATVI 70,060 $3,414,724.40
00751Y106 ADVANCE AUTO PARTS INC US AAP 18,430 $2,776,295.20
00774MAG0 AERCAP IRELAND CAP / GLOBA 4.45000 10/01/2025 IE 360,000 $380,814.86
008492100 AGREE REALTY CORP US ADC 430 $28,745.50
015271109 ALEXANDRIA REAL EST EQUITIES US ARE 160 $23,417.60
01609W102 ALIBABA GROUP - ADR CN BABA 955 $165,320.05
020002101 ALLSTATE CORPORATION US ALL 255 $27,387.00
02079K107 ALPHABET INC-CL C US GOOG 4,705 $5,724,479.40
02079K305 ALPHABET INC-CL A US GOOGL 4,685 $5,707,267.00
02209S103 ALTRIA GROUP INC US MO 49,380 $2,324,316.60
023135106 AMAZON.COM INC US AMZN 2,140 $3,994,909.20
02319V103 AMBEV SA-ADR BR ABEV 691,265 $3,642,966.55
0237400 DIAGEO PLC GB DGE LN 64,495 $2,689,457.03
02376RAA0 AMERICAN AIRLINES GROUP 5.50000 10/01/2019 US 55,000 $55,181.50
024835100 AMERICAN CAMPUS COMMUNITIES US ACC 725 $33,893.75
0263494 BAE SYSTEMS PLC GB BA/ LN 21,290 $141,445.29
02665T306 AMERICAN HOMES 4 RENT- A US AMH 4,445 $107,613.45
03019LAA4 AMERICAN TANKER INC 9.25000 02/22/2022 US 70,000 $70,713.09
03027X100 AMERICAN TOWER REIT INC US AMT 19,790 $4,187,959.80
03064D108 AMERICOLD REALTY TRUST US COLD 1,875 $62,868.75
031162100 AMGEN INC US AMGN 473 $88,252.34
03690AAF3 ANTERO MIDSTREAM PART/FI 5.75000 01/15/2028 US 85,000 $79,368.75
03748R754 APARTMENT INVT & MGMT CO -A US AIV 1,525 $75,548.50
038222105 APPLIED MATERIALS INC US AMAT 714 $35,250.18
039483102 ARCHER-DANIELS-MIDLAND CO US ADM 500 $20,540.00
03968AAA9 ARD SECURITIES FINANCE 8.75000 01/31/2023 LU 10,000 $10,325.00
0405207 HALMA PLC GB HLMA LN 2,875 $69,429.85
045086AF2 ASHTON WOODS USA/FINANCE 6.75000 08/01/2025 US 20,000 $19,450.00
0490656 KERRY GROUP PLC-A IE KYGA LN 1,200 $140,013.73
05278C107 AUTOHOME INC-ADR CN ATHM 1,270 $107,950.00
053332102 AUTOZONE INC US AZO 2,495 $2,801,984.80
053484101 AVALONBAY COMMUNITIES INC US AVB 795 $165,988.05
054937107 BB&T CORP US BBT 535 $27,568.55
05722G100 BAKER HUGHES A GE CO US BHGE 873 $22,165.47
060505104 BANK OF AMERICA CORP US BAC 3,500 $107,380.00
06051GFM6 BANK OF AMERICA CORP 4.00000 01/22/2025 US 540,000 $566,809.23
084670702 BERKSHIRE HATHAWAY INC-CL B US BRK/B 35,520 $7,296,873.60
086516101 BEST BUY INC US BBY 346 $26,479.38
09061G101 BIOMARIN PHARMACEUTICAL INC US BMRN 24,440 $1,938,580.80
0922320 SMITH & NEPHEW PLC GB SN/ LN 6,590 $149,190.03
09247X101 BLACKROCK INC US BLK 10,170 $4,756,305.60
0946580 WEIR GROUP PLC/THE GB WEIR LN 6,485 $117,241.43
097023105 BOEING CO US BA 326 $111,224.68
09857L108 BOOKING HOLDINGS INC US BKNG 2,560 $4,829,721.60
101121101 BOSTON PROPERTIES INC US BXP 870 $115,666.50
101137107 BOSTON SCIENTIFIC CORP US BSX 57,940 $2,460,132.40
105368203 BRANDYWINE REALTY TRUST US BDN 5,665 $83,558.75
110122108 BRISTOL MYERS SQUIBB CO US BMY 1,178 $52,314.98
110448107 BRITISH AMERICAN TOB-SP ADR GB BTI 1,650 $58,756.50
11135F101 BROADCOM INC US AVGO 263 $76,267.37
11680JAA0 BRUIN E&P PARTNERS LLC 8.87500 08/01/2023 US 55,000 $41,112.50
12429TAE4 BWAY HOLDING CO 7.25000 04/15/2025 US 60,000 $56,850.00
12503M108 CBOE GLOBAL MARKETS INC US CBOE 28,945 $3,163,977.95
125269100 CF INDUSTRIES HOLDINGS INC US CF 33,775 $1,673,889.00
12541W209 C.H. ROBINSON WORLDWIDE INC US CHRW 233 $19,509.09
12572Q105 CME GROUP INC US CME 16,275 $3,164,185.50
126650100 CVS HEALTH CORP US CVS 972 $54,305.64
133131102 CAMDEN PROPERTY TRUST US CPT 590 $61,188.90
13321L108 CAMECO CORP CA CCJ 9,087 $83,509.53
149123101 CATERPILLAR INC US CAT 403 $53,063.01
165240102 CHESAPEAKE LODGING TRUST US CHSP 1,010 $27,744.70
166764100 CHEVRON CORP US CVX 826 $101,688.86
17275R102 CISCO SYSTEMS INC US CSCO 2,440 $135,176.00
172967424 CITIGROUP INC US C 1,023 $72,796.68
172967EW7 CITIGROUP INC 8.12500 07/15/2039 US 180,000 $290,057.43
191216100 COCA COLA CO/THE US KO 149,615 $7,874,237.45
192422103 COGNEX CORP US CGNX 34,305 $1,509,763.05
194162103 COLGATE-PALMOLIVE CO US CL 34,915 $2,504,802.10
2011646 ALIMENTATION COUCHE-TARD -B CA ATD/B CN 2,320 $142,209.43
20369C106 COMMUNITY HEALTHCARE TRUST I US CHCT 1,500 $61,635.00
205887102 CONAGRA BRAND INC. US CAG 568 $16,398.16
21036PAM0 CONSTELLATION BRANDS INC 3.87500 11/15/2019 US 210,000 $210,701.08
222795502 COUSINS PROPERTIES INC US CUZ 3,579 $125,909.22
22546QAD9 CREDIT SUISSE AG 5.40000 01/14/2020 CH 620,000 $627,850.46
22822V101 CROWN CASTLE INTL CORP US CCI 475 $63,298.50
228368106 CROWN HOLDINGS INC US CCK 38,160 $2,442,621.60
229663109 CUBESMART US CUBE 910 $30,894.50
231021106 CUMMINS INC US CMI 180 $29,520.00
2328595 BANCO DO BRASIL S.A. BR BBAS3 BZ 3,600 $46,580.63
2347608 FIRST QUANTUM MINERALS LTD CA FM CN 3,160 $29,114.71
2434760 MEXICHEM SAB DE CV MX MEXCHEM* MM 36,400 $66,517.67
2458771 ITAUSA INVESTIMENTOS ITAU -PR BR ITSA4 BZ 14,100 $46,256.76
2521800 LOBLAW COMPANIES LTD CA L CN 2,815 $146,060.92
25271C102 DIAMOND OFFSHORE DRILLING US DO 95,760 $865,670.40
253868103 DIGITAL REALTY TRUST INC US DLR 575 $65,757.00
25470DAT6 DISCOVERY COMMUNICATIONS 5.20000 09/20/2047 US 360,000 $383,047.16
256677105 DOLLAR GENERAL CORP US DG 34,220 $4,586,164.40
256746108 DOLLAR TREE STORES INC US DLTR 50,540 $5,142,445.00
25787GAC4 DONNELLEY FINANCIAL SOL 8.25000 10/15/2024 US 55,000 $57,200.00
25960P109 DOUGLAS EMMETT INC US DEI 995 $40,615.90
260557103 DOW INC US DOW 562 $27,223.28
26151AAA7 DRAX FINCO PLC 6.62500 11/01/2025 GB 125,000 $130,000.00
26780TAA5 DYNAGAS LNG PARTNERS/FIN 6.25000 10/30/2019 MH 130,000 $124,800.00
269246401 ETRADE FINANCIAL CORP US ETFC 25,395 $1,239,022.05
2715777 QUEBECOR INC -CL B CA QBR/B CN 121,700 $2,757,107.14
277432100 EASTMAN CHEM CO US EMN 220 $16,577.00
2801836 SHAW COMMUNICATIONS INC-B CA SJR/B CN 138,680 $2,718,329.75
285512109 ELECTRONIC ARTS US EA 65,990 $6,104,075.00
2866857 LUNDIN MINING CORP CA LUN CN 163,015 $789,260.38
291011104 EMERSON ELEC CO US EMR 611 $39,641.68
29273RAR0 ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 US 240,000 $284,177.21
29444U700 EQUINIX INC US EQIX 6,915 $3,472,021.50
2945422 WEG SA BR WEGE3 BZ 2,900 $18,146.13
29472R108 EQUITY LIFESTYLE PROPERTIES US ELS 455 $56,533.75
29476L107 EQUITY RESIDENTIAL US EQR 1,415 $111,629.35
29670E107 ESSENTIAL PROPERTIES REALTY US EPRT 2,113 $44,626.56
297178105 ESSEX PROPERTY TRUST INC US ESS 330 $99,732.60
30225T102 EXTRA SPACE STORAGE INC US EXR 325 $36,526.75
30303M102 FACEBOOK INC -A US FB 28,335 $5,503,507.05
30744W107 FARFETCH LTD - CLASS A GB FTCH 1,435 $28,843.50
311900104 FASTENAL CO US FAST 700 $21,560.00
313747206 FEDERAL RLTY INVT TR SH BEN INT US FRT 165 $21,781.65
315786AC7 FIDELITY & GUARA NTY LIFE 5.50000 05/01/2025 US 105,000 $109,725.00
316773100 FIFTH THIRD BANCORP US FITB 821 $24,375.49
32054K103 FIRST INDUSTRIAL REALTY TR US FR 1,060 $40,481.40
33834YAA6 FIVE POINT OP CO LP/FIVE 7.87500 11/15/2025 US 70,000 $70,001.40
346232AD3 FORESTAR GROUP INC 8.00000 04/15/2024 US 80,000 $85,200.00
34960PAB7 FORTRESS TRANS & INFRAST 6.50000 10/01/2025 US 80,000 $82,900.00
35671D857 FREEPORT-MCMORAN INC US FCX 140,840 $1,557,690.40
36166LAA5 GEMS MENASA KY LTD/GEMS 7.12500 07/31/2026 AE 85,000 $86,806.25
364760108 GAP INC US GPS 633 $12,343.50
369550108 GENERAL DYNAMICS CORP US GD 187 $34,770.78
369604BQ5 GENERAL ELECTRIC CO 5.00000 01/21/2021 US 290,000 $280,937.50
370334104 GENERAL MLS INC US GIS 670 $35,583.70
37045VAR1 GENERAL MOTORS CO FLT 3.35300 09/10/2021 US 340,000 $340,063.97
372460105 GENUINE PARTS CO US GPC 217 $21,075.04
374297109 GETTY REALTY CORP US GTY 1,245 $37,325.10
375558103 GILEAD SCIENCES INC US GILD 1,050 $68,796.00
37953TAB1 GLOBAL SHIP LEASE INC 9.87500 11/15/2022 MH 127,000 $128,905.00
37960JAA6 GLOBAL AIR LEASE CO LTD 6.50000 09/15/2024 KY 55,000 $54,758.00
38141GVR2 GOLDMAN SACHS GROUP INC 4.25000 10/21/2025 US 180,000 $191,492.97
400506101 GRUPO AEROPORTUARIO PAC-ADR MX PAC 470 $47,042.30
40060QAA3 GTCR AP FINANCE INC 8.00000 05/15/2027 US 10,000 $10,225.00
4012250 AIRBUS SE FR AIR FP 875 $123,691.12
4031879 VEOLIA ENVIRONMENT FR VIE FP 870 $21,955.24
404119BX6 HCA INC 4.12500 06/15/2029 US 280,000 $286,823.60
404139AD9 HC2 HOLDINGS INC 11.50000 12/01/2021 US 20,000 $17,400.00
40414L109 HCP INC US HCP 2,255 $72,002.15
4057808 L'OREAL FR OR FP 415 $111,039.45
4061412 LVMH MOET HENNESSY LOUIS VUITTON FR MC FP 390 $161,093.50
406216101 HALLIBURTON CO US HAL 137,515 $3,162,845.00
4162791 THALES SA FR HO FP 125 $14,084.28
4163437 CAPGEMINI FR CAP FP 225 $28,567.05
416515104 HARTFORD FINL SVCS US HIG 331 $19,075.53
421946104 HEALTHCARE REALTY TRUST INC US HR 1,900 $60,762.00
42225P501 HEALTHCARE TRUST OF AMERICA US HTA 3,030 $81,597.90
427866108 HERSHEY CO/THE US HSY 230 $34,900.20
43300A203 HILTON WORLDWIDE HOLDINGS INC US HLT 315 $30,413.25
437076102 HOME DEPOT INC US HD 650 $138,898.50
438516106 HONEYWELL INTERNATIONAL INC US HON 485 $83,643.10
44107P104 HOST MARRIOTT CORP US HST 3,865 $67,212.35
444454AD4 HUGHES SATELLITE SYSTEMS 5.25000 08/01/2026 US 110,000 $116,545.00
4457624 TRIGANO SA FR TRI FP 265 $26,587.36
452308109 ILLINOIS TOOL WKS INC US ITW 270 $41,642.10
45337C102 INCYTE CORP US INCY 23,225 $1,972,267.00
45378A106 INDEPENDENCE REALTY TRUST IN US IRT 3,655 $45,139.25
458140100 INTEL CORP US INTC 2,756 $139,315.80
45866F104 INTERCONTINENTALEXCHANGE INC US ICE 37,265 $3,274,102.90
4588364 MICHELIN (CGDE)-B FR ML FP 290 $32,058.81
459200101 INTERNATIONAL BUSINESS MACH CORP US IBM 625 $92,650.00
460146103 INTERNATIONAL PAPER CO US IP 396 $17,388.36
46120E602 INTUITIVE SURGICAL INC US ISRG 2,325 $1,207,860.75
46187W107 INVITATION HOMES INC US INVH 3,747 $102,930.09
46625H100 JP MORGAN CHASE & CO US JPM 1,369 $158,804.00
46647PAY2 JPMORGAN CHASE & CO 4.02300 12/05/2024 US 270,000 $286,268.14
4682329 PERNOD-RICARD SA FR RI FP 365 $64,051.74
4741844 MERCK KGAA DE MRK GR 23,880 $2,435,620.45
476405105 JERNIGAN CAPITAL INC US JCAP 2,590 $51,385.60
478160104 JOHNSON & JOHNSON US JNJ 61,408 $7,996,549.76
47987LAA9 JONAH NRG LLC/FINANCE 7.25000 10/15/2025 US 125,000 $49,375.00
4821100 SOLVAY SA BE SOLB BB 1,615 $165,368.23
4824778 SGS SA-REG CH SGSN SW 30 $74,084.01
482480100 KLA-TENCOR CORPORATION US KLAC 211 $28,763.52
4834108 SCHNEIDER ELECTRIC SE FR SU FP 835 $72,040.70
4834777 VIVENDI FR VIV FP 1,570 $43,606.92
487836108 KELLOGG CO US K 379 $22,065.38
493267108 KEYCORP US KEY 1,120 $20,574.40
494368103 KIMBERLY CLARK CORP US KMB 331 $44,900.15
49446R109 KIMCO REALTY CORP US KIM 1,830 $35,154.30
494550AW6 KINDER MORGAN ENER PART 6.95000 01/15/2038 US 290,000 $375,746.98
500255104 KOHLS CORP US KSS 295 $15,888.70
50050N103 KONTOOR BRANDS INC US KTB 58 $1,701.14
501044101 KROGER CO US KR 705 $14,917.80
50187TAE6 LGI HOMES INC 6.87500 07/15/2026 US 135,000 $137,362.50
5107401 BEIERSDORF AG DE BEI GR 27,915 $3,235,019.52
512807108 LAM RESEARCH CORP US LRCX 122 $25,450.42
5176177 ORANGE FR ORA FP 3,420 $50,693.02
5253973 HERMES INTERNATIONAL FR RMS FP 50 $35,121.30
529043101 LEXINGTON REALTY TRUST US LXP 3,720 $36,716.40
531172104 LIBERTY PROPERTY TRUST US LPT 1,035 $54,130.50
5330047 DASSAULT SYSTEMES SA FR DSY FP 225 $34,226.32
539830109 LOCKHEED MARTIN CORP US LMT 202 $73,158.34
54238XAC2 LONESTAR RESOURCES AMERICA 11.25000 01/01/2023 US 50,000 $46,750.00
5474008 BANKINTER S.A. ES BKT SM 15,195 $98,566.29
5476929 BARRY CALLEBAUT AG-REG CH BARN SW 40 $78,038.59
550021109 LULULEMON - ADR CA LULU 29,602 $5,656,646.18
5505072 KERING FR KER FP 120 $61,981.49
5545670 JUNGHEINRICH AG DE JUN3 GR 3,530 $78,701.49
55933JAB0 MAGNACHIP SEMICONDUCTOR 6.62500 07/15/2021 US 105,000 $103,950.00
5608915 ALTEN SA FR ATE FP 410 $50,721.01
5633616 SOPRA STERIA GROUP FR SOP FP 575 $74,219.01
563571AL2 MANITOWOC COMPANY INC 9.00000 04/01/2026 US 20,000 $20,150.00
56585A102 MARATHON PETROLEUM CORP US MPC 696 $39,247.44
5669354 REPSOL SA ES REP SM 9,069 $143,842.10
5671735 SANOFI-AVENTIS FR SAN FP 1,790 $149,164.34
5701513 ELISA OYJ FI ELISA FH 3,118 $146,625.46
5727973 SIEMENS AG-REG DE SIE GR 630 $68,565.18
57636Q104 MASTERCARD INC-CLASS A US MA 28,805 $7,842,737.35
57772K101 MAXIM INTEGRATED PRODUCTS US MXIM 328 $19,414.32
585464100 MELCO CROWN ENTERTAINME-ADR HK MLCO 2,880 $64,713.60
58933Y105 MERCK & CO INC US MRK 19,993 $1,659,219.07
594918104 MICROSOFT CORP US MSFT 52,650 $7,174,615.50
595112103 MICRON TECHNOLOGY INC US MU 67,670 $3,037,706.30
59522J103 MID-AMERICA APARTMENT COMM US MAA 415 $48,903.60
5962280 CHOCOLADEFABRIKEN LINDT-PC CH LISP SW 7 $51,591.17
5980613 GIVAUDAN - REG CH GIVN SW 25 $66,489.78
5986622 KONINKLIJKE PHILIPS NV NL PHIA NA 3,070 $144,016.05
6055112 AYALA LAND INC PH ALI PM 70,600 $68,840.45
6074968 BANK OF THE PHILIPPINE ISLAN PH BPI PM 24,490 $43,165.06
60871R209 MOLSON COORS BREWING CO -B US TAP 265 $14,307.35
609207105 MONDELEZ INTERNATIONAL INC US MDLZ 135,699 $7,258,539.51
6108179 HARMONIC DRIVE SYSTEMS INC JP 6324 JP 1,800 $67,792.87
615369105 MOODY'S CORPORATION US MCO 16,145 $3,460,519.30
61744YAG3 MORGAN STANLEY FLT 3.77988 05/08/2024 US 560,000 $567,812.00
6194037 KAKAO CORP KR 035720 KS 1,245 $132,625.81
61965RAB1 MOSS CREEK RESOURCES HLD 10.50000 05/15/2027 US 10,000 $8,800.00
6211732 DAEWOO SHIPBUILDING& MARINE KR 042660 KS 1,380 $33,963.01
62426EAA3 MOUNTAIN PROVINCE DIAMON 8.00000 12/15/2022 CA 105,000 $104,081.25
6250025 DAIFUKU CO LTD JP 6383 JP 1,300 $71,101.26
6272483 DMCI HOLDINGS INC PH DMC PM 104,600 $20,842.92
6284864 GLOBE TELECOM INC PH GLO PM 1,005 $42,421.81
6291819 CHINA PETROLEUM & CHEMICAL - H CN 386 HK 148,000 $95,017.60
62957HAC9 NABORS INDUSTRIES INC 5.50000 01/15/2023 US 60,000 $56,100.00
6344456 LG HOUSEHOLD & HEALTH CARE KR 051900 KS 128 $135,529.73
6356934 FANUC LTD JP 6954 JP 700 $124,408.51
637417106 NATIONAL RETAIL PROPERTIES US NNN 750 $39,180.00
637870106 NATIONAL STORAGE AFFILIATES US NSA 785 $23,777.65
64110D104 NETAPP INC US NTAP 244 $14,271.56
6441506 HOYA CORP JP 7741 JP 1,800 $138,027.53
6446620 HYUNDAI HEAVY INDUSTRIES KR 009540 KS 1,560 $141,630.85
6451066 HYUNDAI MIPO DOCKYARD KR 010620 KS 3,650 $131,194.97
6465874 GALAXY ENTERTAINMENT GROUP L HK 27 HK 14,000 $95,302.18
6474494 JOLLIBEE FOODS CORP PH JFC PM 10,250 $52,086.94
647581107 NEW ORIENTAL EDUCATIO- SP ADR CN EDU 1,005 $104,831.55
6490995 KEYENCE CORP JP 6861 JP 3,135 $1,799,017.07
6499550 KYOWA KIRIN CO LTD JP 4151 JP 92,800 $1,529,439.05
6514442 METROPOLITAN BANK & TRUST PH MBT PM 34,305 $50,992.30
654106103 NIKE INC CLASS B US NKE 63,515 $5,464,195.45
66727WAA0 NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 CA 120,000 $81,600.00
6687571 NABTESCO CORP JP 6268 JP 2,500 $67,348.74
66987V109 NOVARTIS AG- REG CH NVS 36,475 $3,340,380.50
670346105 NUCOR CORP US NUE 432 $23,492.16
67059TAD7 NUSTAR LOGISTICS LP 6.75000 02/01/2021 US 55,000 $57,475.00
6742340 SHANDONG WEIGAO CN 1066 HK 68,000 $64,828.60
674599105 OCCIDENTAL PETROLEUM CORP US OXY 577 $29,634.72
6772217 SAMSUNG HEAVY INDUSTRIES KR 010140 KS 5,570 $32,995.62
680665205 OLIN CORP US OLN 77,845 $1,562,349.15
680665AL0 OLIN CORP 5.62500 08/01/2029 US 55,000 $56,443.75
6818843 SM PRIME HOLDINGS INC PH SMPH PM 117,635 $84,103.53
6821120 SONIC HEALTHCARE LTD AU SHL AU 7,365 $140,957.95
6821506 SONY CORP FIRST SECTION JP 6758 JP 2,300 $130,810.00
6895200 TOHO CO LTD JP 9602 JP 3,700 $143,660.23
6919519 UNIVERSAL ROBINA CORP PH URC PM 14,980 $46,941.86
6979728 WOODSIDE PETROLEUM LTD AU WPL AU 3,005 $70,860.81
7021963 DEUTSCHE BOERSE AG DE DB1 GR 18,020 $2,501,587.95
7088429 AXA SA FR CS FP 3,005 $75,690.87
7103065 NOVARTIS AG-REG CH NOVN SW 1,710 $156,805.03
7103526 PEUGEOT SA FR UG FP 825 $19,472.51
7110388 ROCHE HOLDING AG-GENUSSCHEIN CH ROG SW 805 $215,470.49
7110902 TECAN GROUP AG-REG CH TECN SW 145 $36,839.95
7123870 NESTLE SA-REGISTERED CH NESN SW 35,280 $3,742,756.67
7133608 EQUINOR ASA NO EQNR NO 9,210 $165,138.10
713448108 PEPSICO INC US PEP 37,495 $4,792,235.95
7145056 ENI SPA IT ENI IM 10,570 $165,117.56
717081103 PFIZER INC US PFE 3,374 $131,046.16
718172109 PHILIP MORRIS INTERNATIONAL US PM 42,635 $3,564,712.35
718546104 PHILLIPS 66 US PSX 330 $33,844.80
71943U104 PHYSICIANS REALTY TRUST US DOC 4,510 $77,617.10
7212477 ESSILORLUXOTTICA FR EL FP 430 $58,207.67
7262610 CREDIT AGRICOLE SA FR ACA FP 1,745 $20,772.47
729640102 PLYMOUTH INDUSTRIAL REIT INC US 1,369 $25,436.02
7309681 BNP PARIBAS FR BNP FP 1,945 $91,026.29
7339451 ORPEA SA FR ORP FP 535 $66,841.80
7380482 COMPAGNIE DE SAINT-GOBAIN FR SGO FP 735 $28,156.88
741503AZ9 BOOKING HOLDINGS INC 3.60000 06/01/2026 US 540,000 $567,130.44
74340W103 PROLOGIS US PLD 2,500 $201,525.00
744320AL6 PRUDENTIAL FINANCIAL INC 5.87500 09/15/2042 US 350,000 $374,069.50
74460D109 PUBLIC STORAGE INC US PSA 430 $104,386.80
74834L100 QUEST DIAGNOSTICS INC US DGX 167 $17,047.36
750236AW1 RADIAN GROUP INC 4.87500 03/15/2027 US 120,000 $120,300.00
756109104 REALTY INCOME CORP US O 345 $23,877.45
7591EP100 REGIONS FINANCIAL CORP. US RF 1,001 $15,945.93
76131D103 RESTAURANT BRANDS INTERN CA QSR 1,260 $92,862.00
7698356 GETINGE AB-B SHS SE GETIB SS 5,315 $77,985.24
77340RAK3 ROCKIES EXPRESS PIPELINE 5.62500 04/15/2020 US 80,000 $81,871.16
773903109 ROCKWELL AUTOMATION INC US ROK 110 $17,685.80
7742468 GECINA SA FR GFC FP 420 $64,440.85
77714PAB5 SEMGROUP / ROSE ROCK FIN 5.62500 07/15/2022 US 80,000 $78,700.00
7792559 HEINEKEN NV NL HEIA NA 1,270 $136,256.57
780259107 ROYAL DUTCH SHELL PLC-ADR B NL RDS/B 3,385 $214,845.95
783513203 RYANAIR HOLDINGS - ADR IE RYAAY 890 $55,295.70
78409V104 S&P GLOBAL INC US SPGI 13,515 $3,310,499.25
78410G104 SBA COMMUNICATIONS CORP US SBAC 17,490 $4,292,220.90
78442PGC4 SLM CORP 5.12500 04/05/2022 US 110,000 $111,100.00
78463V107 SPDR GOLD SHARES US 3,745 $498,871.45
785592AV8 SABINE PASS LIQUEFACTION 5.87500 06/30/2026 US 410,000 $467,506.62
80282KAE6 SANTANDER HOLDINGS USA 4.50000 07/17/2025 US 350,000 $371,243.02
806857108 SCHLUMBERGER LTD NL SLB 57,511 $2,298,714.67
808513105 CHARLES SCHWAB CORP/THE US SCHW 31,295 $1,352,569.90
81141R100 SEA LTD - ADR SG SE 141,310 $4,959,981.00
812578102 SEATTLE GENETICS INC US SGEN 25,485 $1,929,469.35
81762P102 SERVICENOW INC US NOW 27,220 $7,550,555.80
822538AE4 SHELF DRILL HOLD LTD 8.25000 02/15/2025 KY 55,000 $50,600.00
828806109 SIMON PROPERTY GROUP INC US SPG 985 $159,767.00
832696405 JM SMUCKER CO/THE-NEW COM WI US SJM 161 $17,901.59
835699307 SONY CORP SPONSORED ADR JP SNE 45,000 $2,558,700.00
84265V105 SOUTHERN COPPER CORPORATION US SCCO 55,530 $1,987,418.70
84265VAD7 SOUTHERN COPPER CORP 5.37500 04/16/2020 US 370,000 $376,274.07
845467AL3 SOUTHWESTERN ENERGY CO 6.20000 01/23/2025 US 95,000 $81,937.50
85207UAH8 SPRINT CORP 7.12500 06/15/2024 US 50,000 $54,750.00
85254J102 STAG INDUSTRIAL INC US STAG 1,320 $39,230.40
855030AN2 STAPLES INC 7.50000 04/15/2026 US 80,000 $81,800.00
862121100 STORE CAPITAL CORP US STOR 680 $23,262.80
866674104 SUN COMMUNITIES US SUI 685 $90,974.85
867892101 SUNSTONE HOTEL INVESTORS INC US SHO 2,615 $34,544.15
867914103 SUNTRUST BANKS INC US STI 415 $27,639.00
871829107 SYSCO CORP US SYY 524 $35,930.68
874080104 TAL EDUCATION GROUP - ADR CN TAL 3,815 $122,843.00
87854WAA1 TECHNIPLAS LLC 10.00000 05/01/2020 US 70,000 $60,900.00
882508104 TEXAS INSTRUMENTS INC US TXN 675 $84,381.75
883556102 THERMO FISHER SCIENTIFIC INC US TMO 8,445 $2,345,007.60
88579Y101 3M CO US MMM 451 $78,798.72
89417E109 TRAVELLERS COS INC US TRV 192 $28,151.04
901109AF5 TUTOR PERINI CORP 6.87500 05/01/2025 US 95,000 $93,218.75
902494103 TYSON FOODS INC -CL A US TSN 301 $23,929.50
902653104 UDR INC US UDR 1,190 $54,811.40
902973304 U.S. BANCORP US USB 1,213 $69,322.95
903002103 UMH PROPERTIES INC US UMH 1,445 $19,001.75
904767704 UNILEVER PLC - ADR GB UL 68,274 $4,104,632.88
907818108 UNION PAC CORP US UNP 486 $87,455.70
911312106 UNITED PARCEL SERVICE US UPS 714 $85,301.58
912810PT9 UNITED STATES TREAS BOND 4.75000 02/15/2037 US 2,085,000 $2,850,911.72
912810QV3 UNITED STATES TREAS INFL INDEX 0.75000 02/15/2042 US 939,547.15 $954,069.33
912810RX8 US TREASURY N/B 3.00000 05/15/2047 US 1,750,000 $1,915,839.84
9128283W8 US TREASURY N/B 2.75000 02/15/2028 US 3,570,000 $3,783,642.19
9128284P2 US TREASURY N/B 2.62500 05/15/2021 US 3,750,000 $3,794,677.73
912828K33 UNITED STATES TREAS INFL INDEX 0.12500 04/15/2020 US 3,826,401.43 $3,781,629.89
912828K74 US TREASURY N/B 2.00000 08/15/2025 US 13,357,000 $13,430,046.09
912828R36 US TREASURY N/B 1.62500 05/15/2026 US 3,850,000 $3,774,804.69
912828X88 US TREASURY N/B 2.37500 05/15/2027 US 3,670,000 $3,780,960.17
913017109 UNITED TECHNOLOGIES CORP US UTX 572 $76,419.20
91324P102 UNITEDHEALTH GROUP INC US UNH 9,860 $2,455,238.60
91704F104 URBAN EDGE PROPERTIES US UE 2,770 $46,342.10
918204108 VF CORP US VFC 406 $35,480.34
91913Y100 VALERO ENERGY US VLO 436 $37,169.00
92189F106 MARKET VECTORS GOLD MINERS US 10,269 $272,128.50
92276F100 VENTAS INC US VTR 1,565 $105,308.85
92339V100 VEREIT INC US VER 7,445 $67,898.40
92343VDV3 VERIZON COMMUNICATIONS 5.50000 03/16/2047 US 450,000 $566,690.42
92511U102 VERRA MOBILITY CORP US VRRM 353,620 $4,897,637.00
92532F100 VERTEX PHARMACEUTICALS INC US VRTX 10,430 $1,737,846.60
92553P201 VIACOM INC CL B US VIAB 548 $16,631.80
92826C839 VISA INC - CLASS A SHARES US V 38,015 $6,766,670.00
92840JAA7 VISTAJET MALTA/XO MGMT 10.50000 06/01/2024 MUL 70,000 $69,300.00
929042109 VORNADO REALTY TRUST US VNO 655 $42,129.60
92922PAL0 W & T OFFSHORE INC 9.75000 11/01/2023 US 55,000 $52,662.50
931142103 WAL MART STORES US WMT 1,466 $161,817.08
931427108 WALGREENS BOOTS ALLIANCE INC US WBA 776 $42,284.24
94106L109 WASTE MANAGEMENT INC US WM 398 $46,566.00
94856UAA9 WEEKLEY HOMES LLC/ FINAN 6.62500 08/15/2025 US 95,000 $94,287.50
948741103 WEINGARTEN REALTY INVESTORS US WRI 1,770 $49,400.70
949746101 WELLS FARGO COMPANY US WFC 2,621 $126,882.61
95040Q104 WELLTOWER INC. US WELL 980 $81,457.60
958102105 WESTERN DIGITAL CORP US WDC 397 $21,394.33
96949LAD7 WILLIAMS PARTNERS LP 3.75000 06/15/2027 US 280,000 $288,317.64
AP8694550 BOREALIS FINANCE LLC 7.50000 11/16/2022 MH 130,000 $122,850.00
B00FM53 BANCO BRADESCO SA - PREF BR BBDC4 BZ 12,900 $117,089.89
B01FLR7 PING AN INSURANCE GROUP CO-H CN 2318 HK 9,000 $106,072.32
B037HR3 ITAU UNIBANCO HOLDINGS S-PREF BR ITUB4 BZ 15,600 $142,700.75
B037JC2 NEXITY FR NXI FP 445 $21,366.03
B058TZ6 SAFRAN SA FR SAF FP 475 $68,191.62
B068DB9 SM INVESTMENTS CORP PH SM PM 3,345 $65,414.84
B07DRZ5 RECORDATI SPA IT REC IM 3,200 $143,311.80
B08K3S0 LOCALIZA RENT A CAR BR RENT3 BZ 1,800 $20,658.48
B0C2CQ3 ENGIE FR ENGI FP 2,770 $42,629.02
B0CGYD6 LOJAS RENNER S.A. BR LREN3 BZ 2,800 $34,666.63
B0MP1B0 SHENZHOU INTERNATIONAL GROUP CN 2313 HK 7,600 $104,824.63
B0R7JF1 IPSEN FR IPN FP 1,130 $129,719.71
B0SWJX3 LONDON STOCK EXCHANGE GROUP GB LSE LN 36,415 $2,924,558.66
B11ZRK9 LEGRAND SA FR LR FP 395 $27,824.46
B13X013 EIFFAGE FR FGR FP 420 $41,501.31
B15C557 TOTAL SA FR FP FP 2,675 $138,646.10
B1FW751 GALP ENERGIA SGPS SA PT GALP PL 9,125 $142,059.37
B1KFX13 GRUPO AEROPORTUARIO DEL CENT MX OMAB MM 10,100 $62,063.84
B1XFTL2 HEXAGON AB-B SHS SE HEXAB SS 1,385 $67,106.49
B1XH026 VINCI SA FR DG FP 1,370 $140,923.67
B1Y47Y7 GERRESHEIMER AG DE GXI GR 770 $59,892.24
B1Y9TB3 DANONE FR BN FP 3,818 $331,360.51
B1YVKN8 ANTA SPORTS PRODUCTS LTD CN 2020 HK 9,000 $67,184.40
B1YXBJ7 AIR LIQUIDE FR AI FP 615 $84,892.60
B1Z9Q99 ABOITIZ POWER CORP PH AP PM 59,300 $41,161.94
B247XZ6 MANILA ELECTRIC COMPANY PH MER PM 5,830 $41,714.54
B24CGK7 RECKITT BENCKISER GROUP PLC GB RB/ LN 1,793 $138,604.94
B3NB1P2 SUNCOR ENERGY INC CA SU CN 4,265 $122,378.81
B3ZCNF7 TELEFONICA BRASIL S.A. - PREF BR VIVT4 BZ 1,600 $21,880.59
B4975P9 MAGAZINE LUIZA SA BR MGLU3 BZ 200 $13,782.80
B4JSTL6 WYNN MACAU LTD MO 1128 HK 44,400 $99,626.16
B4P8HQ1 MGM CHINA HOLDINGS LTD MO 2282 HK 40,400 $66,018.62
B4R2R50 JULIUS BAER CH BAER SW 39,085 $1,670,204.60
B4V5RY4 BANCO SANTANDER BRASIL - UNIT BR SANB11 BZ 1,100 $12,474.75
B5B23W2 SANDS CHINA LTD MO 1928 HK 20,800 $99,837.26
B5VJH76 BDO UNIBANK INC PH BDO PM 22,420 $64,467.37
B63QM77 NEXON CO LTD JP 3659 JP 19,400 $307,072.55
B725S29 PUREGOLD PRICE CLUB INC PH PGOLD PM 24,200 $21,557.70
B7FQV64 RAIA DROGASIL S.A. BR RADL3 BZ 900 $19,455.76
B92RW83 LT GROUP INC PH LTG PM 73,100 $20,254.68
B9N3SQ0 BB SEGURIDADE PARTICIPACOES BR BBSE3 BZ 2,400 $20,444.67
BB22L96 KION GROUP AG DE KGX GR 1,285 $68,493.07
BBQ3850 KEYWORDS STUDIOS PLC IE KWS LN 450 $9,033.32
BD0PJ08 INMOBILIARIA COLONIAL SOCIMI ES COL SM 5,810 $64,960.04
BD4TZK8 OCI NV NL OCI NA 1,195 $31,168.08
BD9Y5C0 TECHNOGYM SPA IT TGYM IM 9,490 $101,940.18
BD9Y9B7 BASIC-FIT NV NL BFIT NA 3,245 $102,558.01
BF1K7P7 ESSITY AKTIEBOLAG-B SE ESSITYB SS 4,815 $143,020.38
BFTCYP4 ROBINSONS RETAIL HOLDINGS IN PH RRHI PM 13,960 $21,754.42
BG36ZK1 B3 SA-BRASIL BOLSA BALCAO BR B3SA3 BZ 6,600 $73,153.67
BG7ZWY7 AMBEV SA BR ABEV3 BZ 14,900 $78,865.93
BGHQ198 HIBERNIA REIT PLC IE HBRN ID 21,280 $35,571.10
BH4TZ73 FU SHOU YUAN INTERNATIONAL CN 1448 HK 121,000 $103,395.69
BJ2KSG2 AKZO NOBEL NL AKZA NA 38,709 $3,652,372.84
BJT1GR5 ALCON INC CH ALC SW 1,219 $70,591.81
BMJ6DW5 INFORMA PLC GB INF LN 13,080 $138,487.95
BMMV2K8 TENCENT HOLDINGS LTD CN 700 HK 149,171 $6,950,320.42
BMTRW10 B&M EUROPEAN VALUE RETAIL SA GB BME LN 13,420 $60,237.05
BNGN9Z1 FINECOBANK SPA IT FBK IM 167,765 $1,668,927.27
BP9DL90 INDUSTRIA DE DISENO TEXTIL ES ITX SM 84,190 $2,519,165.01
BSQXJ01 THULE GROUP AB/THE SE THULE SS 6,250 $136,519.57
BVSS790 ELIS SA FR ELIS FP 2,295 $42,630.79
BYXS699 QIAGEN N.V. NL QIA GR 2,483 $94,248.10
BYXZ2W5 RUMO SA BR RAIL3 BZ 3,700 $21,115.99
BYYHL23 ANHEUSER-BUSCH INBEV SA/NV BE ABI BB 35,683 $3,587,458.15
BYZFYS3 SPIE SA FR SPIE FP 1,175 $21,779.36
BYZFZ91 SOPHOS GROUP PLC GB SOPH LN 17,155 $90,563.92
BYZR014 AMUNDI SA FR AMUN FP 920 $63,300.35
G0750C108 AXALTA COATING SYSTEMS LTD US AXTA 62,060 $1,838,837.80
G0772R208 BANK OF N.T. BUTTERFIELD&SON BM NTB 2,200 $69,146.00
G25839104 COCA-COLA EUROPEAN PARTNERS GB CCEP 2,505 $138,476.40
G27358103 DESPEGAR.COM CORP AR DESP 2,045 $26,605.45
G29183103 EATON CORP PLC US ETN 445 $36,574.55
G37585AC3 GASLOG LTD 8.87500 03/22/2022 BM 110,000 $113,410.00
G45667105 HOLLYSYS AUTOMATION TECHNOLOGIES CN HOLI 4,005 $69,246.45
G50871105 JAZZ PHARMACEUTICALS IE JAZZ 1,070 $149,136.60
G51502105 JOHNSON CONTROLS INTERNATIONAL US JCI 844 $35,819.36
G5960L103 MEDTRONIC INC IE MDT 66,423 $6,771,160.62
G97822103 PERRIGO CO PLC IE PRGO 1,735 $93,707.35
H01301128 ALCON INC CH ALC 11,455 $672,981.25
H1467J104 CHUBB LTD CH CB 272 $41,572.48
H8817H100 TRANSOCEAN LTD US RIG 278,480 $1,693,158.40
N22717107 CORE LABORATORIES N.V. NL CLB 46,240 $2,319,860.80
N47279109 INTERXION HOLDING NV NL INXN 23,890 $1,798,917.00
N53745100 LYONDELLBASELL INDU-CL A US LYB 408 $34,145.52
N72482123 QIAGEN N.V. ADR NL QGEN 63,186 $2,383,375.92
USD US DOLLAR US 7,234,929.49 $7,234,929.49

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.


Loading...