Collective Investment Trusts

Pro-Mix® Maximum Term CIT

Investment Objective

To provide long-term capital growth.

Investment Strategy

The portfolio is invested in an aggressive, growth-oriented mix of securities that seeks to earn the long-term growth typically associated with the stock market. Holdings are diversified primarily among various stock investments in both domestic and foreign markets; only a minor portion of the fund is invested in fixed income securities.

The fund manager will adjust the investment mix over time to manage risk by continually evaluating individual securities and market conditions to determine the relative attractiveness of each investment. In general, stock exposure will increase when valuations are low and decrease during speculative markets.

May be Appropriate for Investors

  • Who seek long-term capital growth and generally have the time to withstand market volatility
  • Who have a very high capital risk tolerance

About Our Risk-Based Funds

Risk-based funds offer professional management and asset allocation through a choice of investment objectives that range from fairly aggressive to fairly conservative. All an investor has to do is determine which objective best suits their current risk tolerance and investment time horizon, then decide when to move to a different objective as their personal situation changes over the years.

Time Horizon & Range of Stock Exposure

Conservative Term Moderate Term Extended Term Maximum Term
0-5 Years 3-10 Years 15+ Years 7-20 Years
5-35% 20-60% 40-70% 70-95%

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

Learn more about our Pro-Mix® Series

Daily Price

$25.37

Daily $ Change

$0.09

Daily % Change

0.35%

as of 06/17/2024

CUSIP

302027156

Inception Date

10/15/2013

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

Important Documents

Applications & Forms
Fact Sheet
Annual Report

Performance

As of 05/31/2024

YTD

4.07%

1 Year

14.49%

3 Year

2.38%

5 Year

10.74%

10 Year

8.26%

Inception
(10/15/2013)

8.11%

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.

Performance through the inception date of the Pro-Mix® CIT Class U units is based on the historical performance of the CIT's oldest unit class. Returns are net of Pro-Mix CIT® Class U expenses.

Expense Ratio

Gross 0.50%
Net 0.49%*

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

Top Ten Investments

As of 05/31/2024

UNITED STATES TREAS NTS . 20291115 1.750% 3.46%
AMAZON COM INC 3.42%
UNITED STATES TREAS NTS . 20301115 0.875% 3.26%
ALPHABET INC CAP STK CL A 2.87%
META PLATFORMS INC CL A 2.80%
MASTERCARD INCORPORATED CL A 2.58%
ASTRAZENECA PLC 2.41%
VISA INC 2.31%
L3HARRIS TECHNOLOGIES INC COM 2.19%
UNITED STATES TREAS BDS . 20420215 2.375% 2.07%

This investment list is unaudited and excludes cash.

Asset Allocation

As of 05/31/2024

Equity
82.20%
Fixed
16.04%
Cash
1.76%
Security Description Country Ticker Shares/Par Market Value (USD)
3M CO US 1,026 $102,743.64
ADMIRAL GROUP GB 14,757 $509,922.94
ADMIRAL GROUP US 47,322 $1,635,211.71
AERCAP IRELAND CAPITAL LIMITED SR GLBL NT 20281029 3.000% US 500,000 $451,145.00
AGREE REALTY CORP US 2,171 $131,909.96
AIR LIQUIDE FR 1,890 $370,264.94
AIRBUS SE EUR1 FR 2,083 $352,537.42
ALASKA AIRLINES EQ TR -B B . 20270215 8.000% US 26,361.47 $26,625.93
ALCON INC ORD SHS US 46,624 $4,155,597.12
ALEXANDER FDG TR II SR SEC GLBL 20280731 7.467% US 420,000 $440,769.00
ALIBABA GROUP HLDG LTD SR GLBL NT 20310209 2.125% US 250,000 $205,752.50
ALIBABA GROUP HLDG LTD SR GLBL NT 20371206 4.000% US 1,030,000 $879,125.60
ALLEGION PUB LTD CO US 259 $31,551.38
ALPHABET INC CAP STK CL A US 64,753 $11,169,892.50
AMAZON COM INC US 75,316 $13,288,755.04
AMERICAN HEALTHCARE REIT INC US 4,717 $69,151.22
AMERICAN HOMES 4 RENT US 4,686 $168,883.44
AMERICAN TOWER REIT COM US 1,044 $204,352.56
AMERICOLD RLTY TR US 3,719 $99,185.73
ANALOG DEVICES INC US 823 $192,985.27
APPLE INC COM US 28,010 $5,384,922.50
APPLIED MATLS INC US 19,489 $4,191,694.12
ARCHER DANIELS MIDLAND CO US 1,144 $71,431.36
ASHTEAD CAP INC SR SEC GLBL 20280501 4.000% US 470,000 $440,733.10
ASTRAZENECA PLC US 119,996 $9,362,087.92
ATLASSIAN CORPORATION CL A US 1,160 $181,957.60
AUCKLAND INTL NPV NZ 55,429 $265,633.51
AUTO TRADER GROUP ORD GBP1.50 GB 51,214 $532,208.64
AVALONBAY CMNTYS INC US 1,151 $221,774.68
AVANZA BANK HLDG NPV SE 10,539 $274,567.95
BAE SYS PLC US 27,374 $1,940,597.61
BAE SYSTEMS ORD GBP0.025 GB 19,595 $347,281.09
BANK AMERICA CORP FR . 20320422 2.687% US 790,000 $662,762.60
BANK OF AMERICA CORPORATION US 8,174 $326,878.26
BECTON DICKINSON AND CO US 473 $109,721.81
BEIERSDORF AG NPV DE 2,691 $421,696.81
BERKLEY W R CORP US 622 $50,400.66
BEST BUY INC US 569 $48,262.58
BLACKROCK INC US 4,331 $3,343,661.93
BNSF FUNDING TRUST GTD PFD SECS 20551215 6.613% US 190,000 $187,963.20
BORR IHC LTD SR SEC A 20281115 10.000% US 192,317.07 $201,305.97
BRENNTAG AG NPV DE 2,156 $154,429.73
BRISTOL MYERS SQUIBB CO US 3,052 $125,406.68
BROOGE PETROLEUM AND GAS AE 194,356 $167,146.16
BUNGE GLOBAL SA COM SHS US 401 $43,143.59
CAMPBELL SOUP CO US 880 $39,054.40
CANADIAN NATL RY CO US 31,013 $3,948,885.29
CAPITAL ONE FINL CORP SR GLBL NT. 20300201 5.700% US 910,000 $908,307.40
CARETRUST REIT INC US 3,950 $101,001.50
CATERPILLAR INC DEL US 765 $258,967.80
CELLNEX TELECOM SA EUR0.25 ES 5,617 $204,459.74
CENOVUS ENERGY INC SR NT . 20391115 6.750% US 630,000 $673,671.60
CF INDS HLDGS INC US 513 $40,901.49
CHESAPEAKE ENERGY CORP US 392 $35,644.56
CHEVRONTEXACO CORP US 1,857 $301,391.10
CINCINNATI FINL CORP US 402 $47,267.16
CISCO SYS INC US 4,805 $223,432.50
CITIGROUP INC US 3,015 $187,864.65
CITIGROUP INC SR GLBL NT 20270609 1.462% US 720,000 $664,308.00
CITIZENS BK NA PROVIDENCE RI SR GLBL NT 20280809 4.575% US 420,000 $403,426.80
CLEANAWAY WASTE MG NPV AU 174,852 $324,436.05
COCA COLA CO US 104,004 $6,544,971.72
COGNIZANT TECHNOLOGY SOLUTIO US 1,047 $69,259.05
CONAGRA FOODS INC US 1,375 $41,085.00
CONOCOPHILLIPS US 1,503 $175,069.44
CONSTELLATION BRANDS INC US 24,144 $6,041,553.12
COPART INC US 66,031 $3,503,604.86
COTERRA ENERGY INC COM US 1,908 $54,416.16
CROWN CASTLE INTL CORP NEW US 899 $92,147.50
CSX CORP US 102,738 $3,467,407.50
CUMMINS INC US 327 $92,125.71
DEERE AND CO US 395 $148,030.20
DEUTSCHE BOERSE ADR US 134,055 $2,661,796.08
DEUTSCHE BOERSE AG NPV(REGD) DE 2,786 $553,177.68
DICKS SPORTING GOODS INC US 219 $49,853.16
DIGITAL RLTY TR INC US 1,361 $197,807.74
DIGITALBRIDGE GROUP INC CL A NEW US 4,835 $65,949.40
DOLLARAMA INC COM NPV CA 4,566 $432,097.71
EAST WEST BANCORP INC US 430 $31,901.70
EBAY INC US 1,204 $65,280.88
ELECTRONIC ARTS INC US 56,286 $7,479,283.68
ENERGY TRANSFER L P SR GLBL A 20310201 7.375% US 425,000 $441,230.75
ENERGY TRANSFER L P SR NT . 20420201 6.500% US 630,000 $652,503.60
EQUINIX INC US 1,041 $794,262.18
EQUITY COMWLTH US 5,232 $101,029.92
EQUITY LIFESTYLE PPTYS INC US 2,969 $186,364.13
EQUITY RESIDENTIAL US 2,783 $180,978.49
EVEREST GROUP LTD COM US 116 $45,347.88
EVERGY INC COM US 96,059 $5,250,584.94
EXPERIAN ORD USD0.10 GB 7,324 $336,349.75
EXPERIAN PLC SPONSORED ADR US 60,419 $2,774,742.58
EXTRA SPACE STORAGE INC US 1,303 $188,635.31
EXXON MOBIL CORP US 2,447 $286,935.22
FEDEX CORP US 418 $106,155.28
FIFTH THIRD BANCORP US 1,680 $62,865.60
FIFTH THIRD BANCORP SR GLBL NT 20281027 6.361% US 130,000 $132,311.40
FINECOBANK SPA EUR0.33 IT 14,862 $239,512.01
FIRST INDUSTRIAL REALTY TRUS US 1,270 $59,842.40
FISERV INC US 33,485 $5,014,713.60
FLAGSHIP CMNTYS RE TR UNIT (USD) CA 5,842 $87,045.80
FOX CORP US 1,263 $43,485.09
GENERAL MLS INC US 1,151 $79,131.25
GENUINE PARTS CO US 376 $54,196.64
GILEAD SCIENCES INC US 2,005 $128,861.35
GLOBANT S A US 2,068 $333,196.16
GOLDEN PEAR FUNDING HOLDCO LLC SR A NT 20280302 10.000% US 105,000 $97,828.50
GOODMAN GROUP NPV (STAPLED UNITS) AU 2,940 $65,539.88
HALLIBURTON CO US 1,911 $70,133.70
HALMA ORD GBP0.10 GB 16,303 $462,050.37
HARTFORD FINL SVCS GROUP INC US 657 $67,966.65
HDFC BANK LTD US 68,277 $3,952,555.53
HEICO CORP NEW US 10,610 $1,863,752.60
HEINEKEN N V US 85,624 $4,270,240.13
HEINEKEN NV NL 4,892 $487,952.19
HELIOS TOWERS PLC ORD GBP0.01 GB 49,357 $78,425.99
HERSHEY FOODS CORP US 412 $81,505.96
HF SINCLAIR CORPORATION COM US 585 $32,309.55
HONEYWELL INTL INC US 962 $194,506.78
HUMANA INC US 21,344 $7,643,713.28
HUNTINGTON BANCSHARES INC US 3,747 $52,158.24
HUNTINGTON BANCSHARES INC GLBL NT . 20300204 2.550% US 480,000 $406,339.20
HUNTINGTON INGALLS INDS INC US 118 $29,865.80
IDEXX LABS INC US 5,091 $2,529,972.45
IMCD NV EUR0.16 NL 2,874 $434,930.01
INFINEON TECHNOLOGIES AG US 129,145 $5,162,829.67
INFINEON TECHNOLOGY DE 10,238 $409,286.78
INFRABUILD AUSTRALIA PTY LTD SR A NT 20281115 14.500% AU 190,000 $197,345.40
INTERCONTINENTAL EXCHANGE INC COM US 52,398 $7,016,092.20
INTERMED CAP GRP ORD GBP0.2625 GB 12,822 $377,106.82
INTERPUBLIC GROUP COS INC US 1,098 $34,444.26
INTL PAPER CO US 1,008 $45,450.72
INTUIT US 5,800 $3,343,352.00
INTUITIVE SURGICAL INC US 8,348 $3,356,897.76
INVITATION HOMES INC US 7,841 $272,788.39
J P MORGAN CHASE AND CO US 13,706 $2,777,246.78
JEFFERIES FINANCIAL GROUP INC SR GLBL NT. 20340414 6.200% US 620,000 $621,878.60
JOHNSON AND JOHNSON US 48,156 $7,063,040.52
JPMORGAN CHASE n CO SR GLBL NT 20310324 4.493% US 1,150,000 $1,102,539.50
KENVUE INC COM US 3,931 $75,868.30
KEYBANK NATIONAL ASSOCIATION SR GLBL NT 20271115 5.850% US 410,000 $407,175.10
KEYENCE CORP JP 1,000 $449,839.32
KIMBERLY CLARK CORP US 637 $84,912.10
KRAFT HEINZ CO US 2,322 $82,129.14
L3HARRIS TECHNOLOGIES INC COM US 37,828 $8,504,869.24
LEXINGTON CORP PPTYS TR US 14,976 $127,296.00
LKQ CORP US 753 $32,401.59
LOCKHEED MARTIN CORP US 351 $165,089.34
LONZA GROUP AG US 64,878 $3,497,962.25
LONZA GROUP AG CHF1(REGD) CH 625 $336,972.79
MARATHON OIL CORP US 1,576 $45,640.96
MARATHON PETROLEUM CORP US 704 $124,333.44
MASCO CORP US 64,501 $4,509,909.92
MASSMUTUAL GLBL FDG II MTN A NT . 20290117 4.850% US 220,000 $216,719.80
MASTERCARD INCORPORATED CL A US 22,437 $10,030,909.59
MEDTRONIC PLC SHS US 1,930 $157,044.10
MERCADOLIBRE INC US 2,107 $3,635,797.06
META PLATFORMS INC CL A US 23,345 $10,898,146.35
METROPOLITAN LIFE GLOBAL FDG I FR . 20290108 4.850% US 220,000 $216,781.40
MICROCHIP TECHNOLOGY INC US 1,042 $101,313.66
MICRON TECHNOLOGY INC US 56,466 $7,058,250.00
MICROSOFT CORP US 18,376 $7,628,428.88
MID-AMER APT CMNTYS INC US 681 $91,056.51
MOLSON COORS BREWING CO US 597 $32,721.57
MONARCH CASINO AND RESORT INC US 1,102 $73,800.94
MONDELEZ INTL INC US 51,124 $3,503,527.72
MOODYS CORP US 16,907 $6,711,909.93
MOSAIC CO NEW COM US 1,033 $31,950.69
MSCI INC US 5,415 $2,681,399.70
NAVIENT CORPORATION SR GLBL NT 20250625 6.750% US 185,000 $185,210.90
NESTLE S A SPONSORED ADR US 49,187 $5,210,132.98
NESTLE SA CHF0.10 (REGD) CH 3,035 $321,481.57
NEW FORTRESS ENERGY INC SR SEC GLBL 20290315 8.750% US 205,000 $196,523.25
NEW YORK LIFE GLOBAL FDG FR . 20290129 4.700% US 220,000 $216,810.00
NEWCASTLE COAL INFRASTRUCTURE SR SEC A NT 20270929 4.400% US 289,057.51 $272,300.85
NORFOLK SOUTHERN CORP US 7,773 $1,747,370.40
NORTHROP GRUMMAN CORP US 7,552 $3,404,215.04
NVIDIA CORP US 3,610 $3,957,751.30
OMNICOM GROUP INC US 562 $52,243.52
OPEN INFRA US ASSETS AB (PUBL) 11.0 20270222 US 200,000 $200,029.16
OVINTIV INC COM US 767 $39,630.89
OXFORD FIN CR FD III -A LP A- . 20320114 6.675% US 50,000 $49,748.95
PACCAR INC US 870 $93,525.00
PALOMINO FDG TR I SR SEC GLBL 20280517 7.233% US 520,000 $541,637.20
PELORUS FUND REIT LLC CR SEN SR GLBL 20260930 7.000% US 190,000 $180,648.20
PENSKE AUTOMOTIVE GRP INC US 209 $31,788.90
PERMIAN RESOURCES CORP CLASS A COM US 2,147 $35,189.33
PHILIP MORRIS INTL INC US 46,956 $4,760,399.28
PHILLIPS 66 US 718 $102,034.98
PNC FINL SVCS GROUP INC US 697 $109,700.83
PNC FINL SVCS GROUP INC SR GLBL NT 20260612 5.812% US 540,000 $540,712.80
PPG INDS INC US 508 $66,756.28
PROLOGIS INC US 5,608 $619,627.92
PUBLIC STORAGE INC US 1,011 $276,842.13
QUEST DIAGNOSTICS INC US 317 $45,004.49
RALPH LAUREN CORP US 200 $37,376.00
REALTY INCOME CORP US 1,790 $94,977.40
REXFORD INDL RLTY INC US 3,772 $171,097.92
ROCHE HLDG LTD SPONSORED ADR US 213,098 $6,820,627.69
ROCHE HLDGS AG GENUSSCHEINE NPV CH 1,568 $401,494.21
ROLLINS INC US 35,937 $1,641,961.53
ROYALTY PHARMA PLC SHS CL A US 1,579 $43,280.39
RTX CORPORATION COM US 1,768 $190,608.08
S AND P GLOBAL INC US 12,055 $5,153,633.05
SALESFORCE INC COM US 21,558 $5,054,057.52
SBA COMMUNICATIONS CORP NEW US 1,357 $266,894.76
SBA TOWER TR - - . 20521115 6.599% US 315,000 $321,268.75
SCHLUMBERGER LTD US 2,386 $109,493.54
SERVICENOW INC US 10,570 $6,943,750.10
SIMON PPTY GROUP LP GLBL NT . 20320115 2.250% US 925,000 $744,717.50
SIMON PPTY GROUP LP SR GLBL NT 20320201 2.650% US 725,000 $601,387.50
SIRIUSPOINT LTD SR GLBL NT 20290405 7.000% US 430,000 $433,487.30
SKYWORKS SOLUTIONS INC US 433 $40,121.78
SMITH A O US 412 $34,459.68
SNAP ON INC US 144 $39,291.84
SOFTCAT PLC ORD GBP0.0005 GB 11,032 $233,162.64
SONY CORP NPV JP 4,600 $377,466.67
SONY GROUP CORPORATION SPONSORED ADR US 43,406 $3,574,050.04
SSNC TECHNOLOGIES HLDGS INC US 670 $41,573.50
SUN COMMUNITIES INC US 2,217 $261,583.83
SYSCO CORP US 1,014 $73,839.48
TAIWAN SEMICONDUCTOR MFG LTD US 45,364 $6,851,778.56
TAPESTRY INC COM US 722 $31,399.78
TE CONNECTIVITY LTD US 601 $89,969.70
TECHTRONIC INDS LTD US 26,670 $1,631,217.21
TECHTRONIC INDUSTRIES HK 32,500 $397,559.87
TENCENT HLDGS LIMI HKD0.00002 HK 11,000 $505,895.81
TENCENT HLDGS LTD FR . 20290411 3.975% US 815,000 $771,030.75
TERRENO RLTY CORP US 2,915 $164,930.70
THERMO FISHER SCIENTIFIC INC COM US 7,783 $4,420,588.34
TRAVELERS COMPANIES INC US 463 $99,869.10
TRUIST FINL CORP COM US 2,519 $95,092.25
TRUIST FINL CORP FR . 20290607 1.887% US 715,000 $621,256.35
UDR INC US 1,855 $71,640.10
UNION PAC CORP US 11,333 $2,638,549.06
UNITED AIR PASS THRU TR - B . 20291101 3.500% US 150,753.37 $139,655.43
UNITED AIRLS INC -B B . 20270901 4.600% US 17,140.57 $16,635.72
UNITED STATES TREAS BDS . 20420215 2.375% US 11,238,000 $8,054,499.36
UNITED STATES TREAS BDS . 20530215 3.625% US 2,180,000 $1,819,885.80
UNITED STATES TREAS NTS . 20251115 2.250% US 1,916,000 $1,841,161.04
UNITED STATES TREAS NTS . 20281115 3.125% US 4,994,000 $4,704,298.06
UNITED STATES TREAS NTS . 20291115 1.750% US 15,493,000 $13,465,586.02
UNITED STATES TREAS NTS . 20301115 0.875% US 15,903,000 $12,693,138.48
UNITED STATES TREAS NTS TIPS . 20310115 0.125% US 2,543,614.16 $2,229,961.10
UNITEDHEALTH GROUP INC US 13,772 $6,822,235.64
US BANCORP DEL COM US 2,680 $108,674.00
US BANCORP FR . 20290201 4.653% US 620,000 $603,749.80
US DOLLARS US 6,966,101.64 $6,966,101.64
VALERO ENERGY CORP NEW US 592 $93,026.88
VENTAS INC US 2,231 $112,130.06
VERTEX PHARMACEUTICALS INC US 5,846 $2,661,917.64
VIATRIS INC US 3,353 $35,541.80
VISA INC US 32,997 $8,990,362.62
WARNERMEDIA HLDGS INC SR GLBL NT 20290315 4.054% US 710,000 $652,908.90
WELLS FARGO AND CO NEW US 4,099 $245,612.08
WELLS FARGO n CO FR . 20280422 5.707% US 590,000 $593,534.10
WELLTOWER INC US 2,945 $305,308.15
WESTROCK CO US 744 $39,908.16
WILLIAMS SONOMA INC US 160 $46,915.20

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

$25.37

Daily $ Change

$0.09

Daily % Change

0.35%

as of 06/17/2024

CUSIP

302027156

Inception Date

10/15/2013

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 05/31/2024

YTD

4.07%

1 Year

14.49%

3 Year

2.38%

5 Year

10.74%

10 Year

8.26%

Inception
(10/15/2013)

8.11%

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.

Performance through the inception date of the Pro-Mix® CIT Class U units is based on the historical performance of the CIT's oldest unit class. Returns are net of Pro-Mix CIT® Class U expenses.

Expense Ratio

Gross 0.50%
Net 0.49%*

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

Top Ten Investments

As of 05/31/2024

UNITED STATES TREAS NTS . 20291115 1.750% 3.46%
AMAZON COM INC 3.42%
UNITED STATES TREAS NTS . 20301115 0.875% 3.26%
ALPHABET INC CAP STK CL A 2.87%
META PLATFORMS INC CL A 2.80%
MASTERCARD INCORPORATED CL A 2.58%
ASTRAZENECA PLC 2.41%
VISA INC 2.31%
L3HARRIS TECHNOLOGIES INC COM 2.19%
UNITED STATES TREAS BDS . 20420215 2.375% 2.07%

This investment list is unaudited and excludes cash.

Asset Allocation

As of 05/31/2024

Equity
82.20%
Fixed
16.04%
Cash
1.76%
Security Description Country Ticker Shares/Par Market Value (USD)
3M CO US 1,026 $102,743.64
ADMIRAL GROUP GB 14,757 $509,922.94
ADMIRAL GROUP US 47,322 $1,635,211.71
AERCAP IRELAND CAPITAL LIMITED SR GLBL NT 20281029 3.000% US 500,000 $451,145.00
AGREE REALTY CORP US 2,171 $131,909.96
AIR LIQUIDE FR 1,890 $370,264.94
AIRBUS SE EUR1 FR 2,083 $352,537.42
ALASKA AIRLINES EQ TR -B B . 20270215 8.000% US 26,361.47 $26,625.93
ALCON INC ORD SHS US 46,624 $4,155,597.12
ALEXANDER FDG TR II SR SEC GLBL 20280731 7.467% US 420,000 $440,769.00
ALIBABA GROUP HLDG LTD SR GLBL NT 20310209 2.125% US 250,000 $205,752.50
ALIBABA GROUP HLDG LTD SR GLBL NT 20371206 4.000% US 1,030,000 $879,125.60
ALLEGION PUB LTD CO US 259 $31,551.38
ALPHABET INC CAP STK CL A US 64,753 $11,169,892.50
AMAZON COM INC US 75,316 $13,288,755.04
AMERICAN HEALTHCARE REIT INC US 4,717 $69,151.22
AMERICAN HOMES 4 RENT US 4,686 $168,883.44
AMERICAN TOWER REIT COM US 1,044 $204,352.56
AMERICOLD RLTY TR US 3,719 $99,185.73
ANALOG DEVICES INC US 823 $192,985.27
APPLE INC COM US 28,010 $5,384,922.50
APPLIED MATLS INC US 19,489 $4,191,694.12
ARCHER DANIELS MIDLAND CO US 1,144 $71,431.36
ASHTEAD CAP INC SR SEC GLBL 20280501 4.000% US 470,000 $440,733.10
ASTRAZENECA PLC US 119,996 $9,362,087.92
ATLASSIAN CORPORATION CL A US 1,160 $181,957.60
AUCKLAND INTL NPV NZ 55,429 $265,633.51
AUTO TRADER GROUP ORD GBP1.50 GB 51,214 $532,208.64
AVALONBAY CMNTYS INC US 1,151 $221,774.68
AVANZA BANK HLDG NPV SE 10,539 $274,567.95
BAE SYS PLC US 27,374 $1,940,597.61
BAE SYSTEMS ORD GBP0.025 GB 19,595 $347,281.09
BANK AMERICA CORP FR . 20320422 2.687% US 790,000 $662,762.60
BANK OF AMERICA CORPORATION US 8,174 $326,878.26
BECTON DICKINSON AND CO US 473 $109,721.81
BEIERSDORF AG NPV DE 2,691 $421,696.81
BERKLEY W R CORP US 622 $50,400.66
BEST BUY INC US 569 $48,262.58
BLACKROCK INC US 4,331 $3,343,661.93
BNSF FUNDING TRUST GTD PFD SECS 20551215 6.613% US 190,000 $187,963.20
BORR IHC LTD SR SEC A 20281115 10.000% US 192,317.07 $201,305.97
BRENNTAG AG NPV DE 2,156 $154,429.73
BRISTOL MYERS SQUIBB CO US 3,052 $125,406.68
BROOGE PETROLEUM AND GAS AE 194,356 $167,146.16
BUNGE GLOBAL SA COM SHS US 401 $43,143.59
CAMPBELL SOUP CO US 880 $39,054.40
CANADIAN NATL RY CO US 31,013 $3,948,885.29
CAPITAL ONE FINL CORP SR GLBL NT. 20300201 5.700% US 910,000 $908,307.40
CARETRUST REIT INC US 3,950 $101,001.50
CATERPILLAR INC DEL US 765 $258,967.80
CELLNEX TELECOM SA EUR0.25 ES 5,617 $204,459.74
CENOVUS ENERGY INC SR NT . 20391115 6.750% US 630,000 $673,671.60
CF INDS HLDGS INC US 513 $40,901.49
CHESAPEAKE ENERGY CORP US 392 $35,644.56
CHEVRONTEXACO CORP US 1,857 $301,391.10
CINCINNATI FINL CORP US 402 $47,267.16
CISCO SYS INC US 4,805 $223,432.50
CITIGROUP INC US 3,015 $187,864.65
CITIGROUP INC SR GLBL NT 20270609 1.462% US 720,000 $664,308.00
CITIZENS BK NA PROVIDENCE RI SR GLBL NT 20280809 4.575% US 420,000 $403,426.80
CLEANAWAY WASTE MG NPV AU 174,852 $324,436.05
COCA COLA CO US 104,004 $6,544,971.72
COGNIZANT TECHNOLOGY SOLUTIO US 1,047 $69,259.05
CONAGRA FOODS INC US 1,375 $41,085.00
CONOCOPHILLIPS US 1,503 $175,069.44
CONSTELLATION BRANDS INC US 24,144 $6,041,553.12
COPART INC US 66,031 $3,503,604.86
COTERRA ENERGY INC COM US 1,908 $54,416.16
CROWN CASTLE INTL CORP NEW US 899 $92,147.50
CSX CORP US 102,738 $3,467,407.50
CUMMINS INC US 327 $92,125.71
DEERE AND CO US 395 $148,030.20
DEUTSCHE BOERSE ADR US 134,055 $2,661,796.08
DEUTSCHE BOERSE AG NPV(REGD) DE 2,786 $553,177.68
DICKS SPORTING GOODS INC US 219 $49,853.16
DIGITAL RLTY TR INC US 1,361 $197,807.74
DIGITALBRIDGE GROUP INC CL A NEW US 4,835 $65,949.40
DOLLARAMA INC COM NPV CA 4,566 $432,097.71
EAST WEST BANCORP INC US 430 $31,901.70
EBAY INC US 1,204 $65,280.88
ELECTRONIC ARTS INC US 56,286 $7,479,283.68
ENERGY TRANSFER L P SR GLBL A 20310201 7.375% US 425,000 $441,230.75
ENERGY TRANSFER L P SR NT . 20420201 6.500% US 630,000 $652,503.60
EQUINIX INC US 1,041 $794,262.18
EQUITY COMWLTH US 5,232 $101,029.92
EQUITY LIFESTYLE PPTYS INC US 2,969 $186,364.13
EQUITY RESIDENTIAL US 2,783 $180,978.49
EVEREST GROUP LTD COM US 116 $45,347.88
EVERGY INC COM US 96,059 $5,250,584.94
EXPERIAN ORD USD0.10 GB 7,324 $336,349.75
EXPERIAN PLC SPONSORED ADR US 60,419 $2,774,742.58
EXTRA SPACE STORAGE INC US 1,303 $188,635.31
EXXON MOBIL CORP US 2,447 $286,935.22
FEDEX CORP US 418 $106,155.28
FIFTH THIRD BANCORP US 1,680 $62,865.60
FIFTH THIRD BANCORP SR GLBL NT 20281027 6.361% US 130,000 $132,311.40
FINECOBANK SPA EUR0.33 IT 14,862 $239,512.01
FIRST INDUSTRIAL REALTY TRUS US 1,270 $59,842.40
FISERV INC US 33,485 $5,014,713.60
FLAGSHIP CMNTYS RE TR UNIT (USD) CA 5,842 $87,045.80
FOX CORP US 1,263 $43,485.09
GENERAL MLS INC US 1,151 $79,131.25
GENUINE PARTS CO US 376 $54,196.64
GILEAD SCIENCES INC US 2,005 $128,861.35
GLOBANT S A US 2,068 $333,196.16
GOLDEN PEAR FUNDING HOLDCO LLC SR A NT 20280302 10.000% US 105,000 $97,828.50
GOODMAN GROUP NPV (STAPLED UNITS) AU 2,940 $65,539.88
HALLIBURTON CO US 1,911 $70,133.70
HALMA ORD GBP0.10 GB 16,303 $462,050.37
HARTFORD FINL SVCS GROUP INC US 657 $67,966.65
HDFC BANK LTD US 68,277 $3,952,555.53
HEICO CORP NEW US 10,610 $1,863,752.60
HEINEKEN N V US 85,624 $4,270,240.13
HEINEKEN NV NL 4,892 $487,952.19
HELIOS TOWERS PLC ORD GBP0.01 GB 49,357 $78,425.99
HERSHEY FOODS CORP US 412 $81,505.96
HF SINCLAIR CORPORATION COM US 585 $32,309.55
HONEYWELL INTL INC US 962 $194,506.78
HUMANA INC US 21,344 $7,643,713.28
HUNTINGTON BANCSHARES INC US 3,747 $52,158.24
HUNTINGTON BANCSHARES INC GLBL NT . 20300204 2.550% US 480,000 $406,339.20
HUNTINGTON INGALLS INDS INC US 118 $29,865.80
IDEXX LABS INC US 5,091 $2,529,972.45
IMCD NV EUR0.16 NL 2,874 $434,930.01
INFINEON TECHNOLOGIES AG US 129,145 $5,162,829.67
INFINEON TECHNOLOGY DE 10,238 $409,286.78
INFRABUILD AUSTRALIA PTY LTD SR A NT 20281115 14.500% AU 190,000 $197,345.40
INTERCONTINENTAL EXCHANGE INC COM US 52,398 $7,016,092.20
INTERMED CAP GRP ORD GBP0.2625 GB 12,822 $377,106.82
INTERPUBLIC GROUP COS INC US 1,098 $34,444.26
INTL PAPER CO US 1,008 $45,450.72
INTUIT US 5,800 $3,343,352.00
INTUITIVE SURGICAL INC US 8,348 $3,356,897.76
INVITATION HOMES INC US 7,841 $272,788.39
J P MORGAN CHASE AND CO US 13,706 $2,777,246.78
JEFFERIES FINANCIAL GROUP INC SR GLBL NT. 20340414 6.200% US 620,000 $621,878.60
JOHNSON AND JOHNSON US 48,156 $7,063,040.52
JPMORGAN CHASE n CO SR GLBL NT 20310324 4.493% US 1,150,000 $1,102,539.50
KENVUE INC COM US 3,931 $75,868.30
KEYBANK NATIONAL ASSOCIATION SR GLBL NT 20271115 5.850% US 410,000 $407,175.10
KEYENCE CORP JP 1,000 $449,839.32
KIMBERLY CLARK CORP US 637 $84,912.10
KRAFT HEINZ CO US 2,322 $82,129.14
L3HARRIS TECHNOLOGIES INC COM US 37,828 $8,504,869.24
LEXINGTON CORP PPTYS TR US 14,976 $127,296.00
LKQ CORP US 753 $32,401.59
LOCKHEED MARTIN CORP US 351 $165,089.34
LONZA GROUP AG US 64,878 $3,497,962.25
LONZA GROUP AG CHF1(REGD) CH 625 $336,972.79
MARATHON OIL CORP US 1,576 $45,640.96
MARATHON PETROLEUM CORP US 704 $124,333.44
MASCO CORP US 64,501 $4,509,909.92
MASSMUTUAL GLBL FDG II MTN A NT . 20290117 4.850% US 220,000 $216,719.80
MASTERCARD INCORPORATED CL A US 22,437 $10,030,909.59
MEDTRONIC PLC SHS US 1,930 $157,044.10
MERCADOLIBRE INC US 2,107 $3,635,797.06
META PLATFORMS INC CL A US 23,345 $10,898,146.35
METROPOLITAN LIFE GLOBAL FDG I FR . 20290108 4.850% US 220,000 $216,781.40
MICROCHIP TECHNOLOGY INC US 1,042 $101,313.66
MICRON TECHNOLOGY INC US 56,466 $7,058,250.00
MICROSOFT CORP US 18,376 $7,628,428.88
MID-AMER APT CMNTYS INC US 681 $91,056.51
MOLSON COORS BREWING CO US 597 $32,721.57
MONARCH CASINO AND RESORT INC US 1,102 $73,800.94
MONDELEZ INTL INC US 51,124 $3,503,527.72
MOODYS CORP US 16,907 $6,711,909.93
MOSAIC CO NEW COM US 1,033 $31,950.69
MSCI INC US 5,415 $2,681,399.70
NAVIENT CORPORATION SR GLBL NT 20250625 6.750% US 185,000 $185,210.90
NESTLE S A SPONSORED ADR US 49,187 $5,210,132.98
NESTLE SA CHF0.10 (REGD) CH 3,035 $321,481.57
NEW FORTRESS ENERGY INC SR SEC GLBL 20290315 8.750% US 205,000 $196,523.25
NEW YORK LIFE GLOBAL FDG FR . 20290129 4.700% US 220,000 $216,810.00
NEWCASTLE COAL INFRASTRUCTURE SR SEC A NT 20270929 4.400% US 289,057.51 $272,300.85
NORFOLK SOUTHERN CORP US 7,773 $1,747,370.40
NORTHROP GRUMMAN CORP US 7,552 $3,404,215.04
NVIDIA CORP US 3,610 $3,957,751.30
OMNICOM GROUP INC US 562 $52,243.52
OPEN INFRA US ASSETS AB (PUBL) 11.0 20270222 US 200,000 $200,029.16
OVINTIV INC COM US 767 $39,630.89
OXFORD FIN CR FD III -A LP A- . 20320114 6.675% US 50,000 $49,748.95
PACCAR INC US 870 $93,525.00
PALOMINO FDG TR I SR SEC GLBL 20280517 7.233% US 520,000 $541,637.20
PELORUS FUND REIT LLC CR SEN SR GLBL 20260930 7.000% US 190,000 $180,648.20
PENSKE AUTOMOTIVE GRP INC US 209 $31,788.90
PERMIAN RESOURCES CORP CLASS A COM US 2,147 $35,189.33
PHILIP MORRIS INTL INC US 46,956 $4,760,399.28
PHILLIPS 66 US 718 $102,034.98
PNC FINL SVCS GROUP INC US 697 $109,700.83
PNC FINL SVCS GROUP INC SR GLBL NT 20260612 5.812% US 540,000 $540,712.80
PPG INDS INC US 508 $66,756.28
PROLOGIS INC US 5,608 $619,627.92
PUBLIC STORAGE INC US 1,011 $276,842.13
QUEST DIAGNOSTICS INC US 317 $45,004.49
RALPH LAUREN CORP US 200 $37,376.00
REALTY INCOME CORP US 1,790 $94,977.40
REXFORD INDL RLTY INC US 3,772 $171,097.92
ROCHE HLDG LTD SPONSORED ADR US 213,098 $6,820,627.69
ROCHE HLDGS AG GENUSSCHEINE NPV CH 1,568 $401,494.21
ROLLINS INC US 35,937 $1,641,961.53
ROYALTY PHARMA PLC SHS CL A US 1,579 $43,280.39
RTX CORPORATION COM US 1,768 $190,608.08
S AND P GLOBAL INC US 12,055 $5,153,633.05
SALESFORCE INC COM US 21,558 $5,054,057.52
SBA COMMUNICATIONS CORP NEW US 1,357 $266,894.76
SBA TOWER TR - - . 20521115 6.599% US 315,000 $321,268.75
SCHLUMBERGER LTD US 2,386 $109,493.54
SERVICENOW INC US 10,570 $6,943,750.10
SIMON PPTY GROUP LP GLBL NT . 20320115 2.250% US 925,000 $744,717.50
SIMON PPTY GROUP LP SR GLBL NT 20320201 2.650% US 725,000 $601,387.50
SIRIUSPOINT LTD SR GLBL NT 20290405 7.000% US 430,000 $433,487.30
SKYWORKS SOLUTIONS INC US 433 $40,121.78
SMITH A O US 412 $34,459.68
SNAP ON INC US 144 $39,291.84
SOFTCAT PLC ORD GBP0.0005 GB 11,032 $233,162.64
SONY CORP NPV JP 4,600 $377,466.67
SONY GROUP CORPORATION SPONSORED ADR US 43,406 $3,574,050.04
SSNC TECHNOLOGIES HLDGS INC US 670 $41,573.50
SUN COMMUNITIES INC US 2,217 $261,583.83
SYSCO CORP US 1,014 $73,839.48
TAIWAN SEMICONDUCTOR MFG LTD US 45,364 $6,851,778.56
TAPESTRY INC COM US 722 $31,399.78
TE CONNECTIVITY LTD US 601 $89,969.70
TECHTRONIC INDS LTD US 26,670 $1,631,217.21
TECHTRONIC INDUSTRIES HK 32,500 $397,559.87
TENCENT HLDGS LIMI HKD0.00002 HK 11,000 $505,895.81
TENCENT HLDGS LTD FR . 20290411 3.975% US 815,000 $771,030.75
TERRENO RLTY CORP US 2,915 $164,930.70
THERMO FISHER SCIENTIFIC INC COM US 7,783 $4,420,588.34
TRAVELERS COMPANIES INC US 463 $99,869.10
TRUIST FINL CORP COM US 2,519 $95,092.25
TRUIST FINL CORP FR . 20290607 1.887% US 715,000 $621,256.35
UDR INC US 1,855 $71,640.10
UNION PAC CORP US 11,333 $2,638,549.06
UNITED AIR PASS THRU TR - B . 20291101 3.500% US 150,753.37 $139,655.43
UNITED AIRLS INC -B B . 20270901 4.600% US 17,140.57 $16,635.72
UNITED STATES TREAS BDS . 20420215 2.375% US 11,238,000 $8,054,499.36
UNITED STATES TREAS BDS . 20530215 3.625% US 2,180,000 $1,819,885.80
UNITED STATES TREAS NTS . 20251115 2.250% US 1,916,000 $1,841,161.04
UNITED STATES TREAS NTS . 20281115 3.125% US 4,994,000 $4,704,298.06
UNITED STATES TREAS NTS . 20291115 1.750% US 15,493,000 $13,465,586.02
UNITED STATES TREAS NTS . 20301115 0.875% US 15,903,000 $12,693,138.48
UNITED STATES TREAS NTS TIPS . 20310115 0.125% US 2,543,614.16 $2,229,961.10
UNITEDHEALTH GROUP INC US 13,772 $6,822,235.64
US BANCORP DEL COM US 2,680 $108,674.00
US BANCORP FR . 20290201 4.653% US 620,000 $603,749.80
US DOLLARS US 6,966,101.64 $6,966,101.64
VALERO ENERGY CORP NEW US 592 $93,026.88
VENTAS INC US 2,231 $112,130.06
VERTEX PHARMACEUTICALS INC US 5,846 $2,661,917.64
VIATRIS INC US 3,353 $35,541.80
VISA INC US 32,997 $8,990,362.62
WARNERMEDIA HLDGS INC SR GLBL NT 20290315 4.054% US 710,000 $652,908.90
WELLS FARGO AND CO NEW US 4,099 $245,612.08
WELLS FARGO n CO FR . 20280422 5.707% US 590,000 $593,534.10
WELLTOWER INC US 2,945 $305,308.15
WESTROCK CO US 744 $39,908.16
WILLIAMS SONOMA INC US 160 $46,915.20

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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