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

$16.22

Daily $ Change

$0.03

Daily % Change

0.18%

as of 11/13/2019

CUSIP

302027156

Inception Date

10/15/2013

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

Important Documents

Annual Report
Applications & Forms

Performance

As of 10/31/2019

YTD

20.99%

1 Year

14.61%

3 Year

11.82%

5 Year

7.66%

10 Year

9.86%

Inception
(01/01/2000)

7.69%

US Stock Market Cycle (04/01/2000 - 10/31/2019)

7.84%

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

Expense Ratio

Gross 0.49%
Net 0.49%*

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

Top Ten Investments

As of 10/31/2019

TREASURY NOTES 10.26%
COCA COLA CO/THE 2.13%
SERVICENOW INC 2.12%
JOHNSON & JOHNSON 1.98%
BERKSHIRE HATHAWAY INC-CL B 1.97%
MICRON TECHNOLOGY INC 1.87%
MONDELEZ INTERNATIONAL INC 1.84%
MASTERCARD INC-CLASS A 1.81%
MEDTRONIC INC 1.77%
LULULEMON - ADR 1.57%

This investment list is unaudited and excludes cash.

Asset Allocation

As of 10/31/2019

Stocks 82.86%
Bonds 16.82%
Cash 0.32%

Detailed Asset Class Allocation

As of 10/31/2019

International Equities 26.48%
Small Capitalization 1.98%
Mid Capitalization 1.95%
Large Capitalization 52.45%
Long Term Fixed Income 2.40%
Intermediate Term Fixed Income 10.96%
Short Term Fixed Income 3.46%
Cash 0.32%

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

October Fund Holdings

As of 10/31/2019

CUSIP Security Description Country Ticker Shares/Par Market Value (USD)
00101JAK2 ADT SEC CORP 6.25000 10/15/2021 US 15,000 $15,993.75
00206RDQ2 AT&T INC 4.25000 03/01/2027 US 300,000 $329,491.64
00287Y109 ABBVIE INC US ABBV 766 $60,935.30
004239109 ACADIA REALTY TRUST US AKR 575 $16,088.50
00489LAA1 ACRISURE LLC / FIN INC 7.00000 11/15/2025 US 25,000 $22,875.00
00507V109 ACTIVISION INC US ATVI 51,095 $2,862,852.85
00751Y106 ADVANCE AUTO PARTS INC US AAP 14,630 $2,377,082.40
00774MAG0 AERCAP IRELAND CAP / GLOBA 4.45000 10/01/2025 IE 310,000 $336,374.22
00791GAA5 AG MERGER SUB II INC 10.75000 08/01/2027 US 20,000 $19,800.00
0081180 BARRATT DEVELOPMENTS PLC GB BDEV LN 7,145 $58,430.61
008492100 AGREE REALTY CORP US ADC 355 $27,963.35
00912XAV6 AIR LEASE CORP 3.62500 04/01/2027 US 320,000 $333,813.74
0136701 BRITISH LAND CO PLC GB BLND LN 7,945 $63,879.07
015271109 ALEXANDRIA REAL EST EQUITIES US ARE 130 $20,637.50
01609W102 ALIBABA GROUP - ADR CN BABA 1,130 $199,637.10
01609WAT9 ALIBABA GROUP HOLDING 3.40000 12/06/2027 KY 230,000 $238,892.16
020002101 ALLSTATE CORPORATION US ALL 181 $19,262.02
02079K107 ALPHABET INC-CL C US GOOG 2,230 $2,810,045.30
02079K305 ALPHABET INC-CL A US GOOGL 2,230 $2,807,124.00
02209S103 ALTRIA GROUP INC US MO 42,965 $1,924,402.35
023135106 AMAZON.COM INC US AMZN 2,030 $3,606,619.80
02319V103 AMBEV SA-ADR BR ABEV 593,390 $2,557,510.90
0237400 DIAGEO PLC GB DGE LN 55,154 $2,257,513.40
02406PAR1 AMERICAN AXLE & MFG INC 6.25000 04/01/2025 US 10,000 $9,637.50
024835100 AMERICAN CAMPUS COMMUNITIES US ACC 925 $46,231.50
0263494 BAE SYSTEMS PLC GB BA/ LN 16,905 $126,275.92
02665T306 AMERICAN HOMES 4 RENT- A US AMH 3,200 $84,704.00
0287580 BRITISH AMERICAN TOBACCO PLC GB BATS LN 3,095 $108,250.64
03019LAA4 AMERICAN TANKER INC 9.25000 02/22/2022 US 45,000 $45,252.31
03027X100 AMERICAN TOWER REIT INC US AMT 15,660 $3,415,132.80
03027XAW0 AMERICAN TOWER CORP 3.80000 08/15/2029 US 320,000 $342,090.53
03064D108 AMERICOLD REALTY TRUST US COLD 1,720 $68,954.80
031162100 AMGEN INC US AMGN 330 $70,372.50
03690AAD8 ANTERO MIDSTREAM PART / FI 5.75000 03/01/2027 US 15,000 $11,156.25
03690AAF3 ANTERO MIDSTREAM PART/FI 5.75000 01/15/2028 US 20,000 $15,100.00
03748R754 APARTMENT INVT & MGMT CO -A US AIV 1,510 $82,868.80
038222105 APPLIED MATERIALS INC US AMAT 462 $25,068.12
039483102 ARCHER-DANIELS-MIDLAND CO US ADM 353 $14,840.12
03968AAA9 ARD SECURITIES FINANCE 8.75000 01/31/2023 LU 10,437 $10,854.48
0405207 HALMA PLC GB HLMA LN 2,355 $57,145.25
045086AF2 ASHTON WOODS USA/FINANCE 6.75000 08/01/2025 US 20,000 $20,100.00
0490656 KERRY GROUP PLC-A IE KYGA LN 985 $119,268.71
05278C107 AUTOHOME INC-ADR CN ATHM 1,015 $85,828.40
053332102 AUTOZONE INC US AZO 2,245 $2,569,133.10
053484101 AVALONBAY COMMUNITIES INC US AVB 535 $116,448.10
054937107 BB&T CORP US BBT 399 $21,166.95
05722G100 BAKER HUGHES CO US BKR 668 $14,295.20
060505104 BANK OF AMERICA CORP US BAC 2,563 $80,145.01
06051GFM6 BANK OF AMERICA CORP 4.00000 01/22/2025 US 470,000 $501,310.95
0682538 PERSIMMON PLC GB PSN LN 2,130 $62,827.27
084670702 BERKSHIRE HATHAWAY INC-CL B US BRK/B 29,335 $6,236,034.30
08576PAA9 BERRY GLOBAL INC 4.50000 02/15/2026 US 10,000 $10,062.50
086516101 BEST BUY INC US BBY 255 $18,316.65
0870612 LLOYDS BANKING GROUP PLC GB LLOY LN 86,535 $63,655.95
0878230 TAYLOR WIMPEY PLC GB TW/ LN 28,505 $61,134.93
09061G101 BIOMARIN PHARMACEUTICAL INC US BMRN 28,755 $2,105,153.55
0922320 SMITH & NEPHEW PLC GB SN/ LN 4,785 $102,717.06
09247X101 BLACKROCK INC US BLK 9,325 $4,305,352.50
0946580 WEIR GROUP PLC/THE GB WEIR LN 6,090 $106,374.54
097023105 BOEING CO US BA 235 $79,878.85
09857L108 BOOKING HOLDINGS INC US BKNG 1,030 $2,110,233.10
101121101 BOSTON PROPERTIES INC US BXP 478 $65,581.60
101137107 BOSTON SCIENTIFIC CORP US BSX 51,460 $2,145,882.00
105368203 BRANDYWINE REALTY TRUST US BDN 4,510 $68,912.80
110122108 BRISTOL MYERS SQUIBB CO US BMY 832 $47,731.84
110448107 BRITISH AMERICAN TOB-SP ADR GB BTI 1,425 $49,818.00
11135F101 BROADCOM INC US AVGO 168 $49,198.80
11680JAA0 BRUIN E&P PARTNERS LLC 8.87500 08/01/2023 US 20,000 $13,200.00
12429TAE4 BWAY HOLDING CO 7.25000 04/15/2025 US 20,000 $19,125.00
124847AC8 ENTERCOM MEDIA CORP 7.25000 11/01/2024 US 10,000 $10,425.00
12503M108 CBOE GLOBAL MARKETS INC US CBOE 23,915 $2,753,812.25
125269100 CF INDUSTRIES HOLDINGS INC US CF 54,435 $2,468,627.25
12527GAB9 CF INDUSTRIES INC 7.12500 05/01/2020 US 15,000 $15,360.47
12541W209 C.H. ROBINSON WORLDWIDE INC US CHRW 161 $12,178.04
12572Q105 CME GROUP INC US CME 13,345 $2,745,733.75
126650100 CVS HEALTH CORP US CVS 684 $45,410.76
12686CBA6 CABLEVISION SYSTEMS CORP 8.00000 04/15/2020 US 15,000 $15,375.00
131477AT8 CALUMET SPECIALTY PROD 11.00000 04/15/2025 US 25,000 $25,062.50
133131102 CAMDEN PROPERTY TRUST US CPT 545 $62,331.65
13321L108 CAMECO CORP CA CCJ 8,497 $75,878.21
149123101 CATERPILLAR INC US CAT 301 $41,477.80
156700AW6 CENTURYLINK INC 5.62500 04/01/2020 US 15,000 $15,187.50
166764100 CHEVRON CORP US CVX 604 $70,148.56
17275R102 CISCO SYSTEMS INC US CSCO 1,760 $83,617.60
172967424 CITIGROUP INC US C 731 $52,529.66
172967EW7 CITIGROUP INC 8.12500 07/15/2039 US 150,000 $246,760.23
191216100 COCA COLA CO/THE US KO 124,300 $6,765,649.00
192422103 COGNEX CORP US CGNX 27,785 $1,430,649.65
194162103 COLGATE-PALMOLIVE CO US CL 30,229 $2,073,709.40
20030NCY5 COMCAST CORP 3.25000 11/01/2039 US 240,000 $243,315.86
2011646 ALIMENTATION COUCHE-TARD -B CA ATD/B CN 3,725 $111,713.23
20369C106 COMMUNITY HEALTHCARE TRUST I US CHCT 1,010 $48,904.20
205887102 CONAGRA BRAND INC. US CAG 402 $10,874.10
222795502 COUSINS PROPERTIES INC US CUZ 2,829 $113,527.77
22546QAD9 CREDIT SUISSE AG 5.40000 01/14/2020 CH 620,000 $624,017.60
22822V101 CROWN CASTLE INTL CORP US CCI 390 $54,128.10
22822VAN1 CROWN CASTLE INTL CORP 3.10000 11/15/2029 US 310,000 $315,005.54
228368106 CROWN HOLDINGS INC US CCK 31,155 $2,269,330.20
229663109 CUBESMART US CUBE 485 $15,374.50
231021106 CUMMINS INC US CMI 133 $22,939.84
2328595 BANCO DO BRASIL S.A. BR BBAS3 BZ 5,400 $64,643.81
2347608 FIRST QUANTUM MINERALS LTD CA FM CN 3,160 $26,703.21
2458771 ITAUSA INVESTIMENTOS ITAU -PR BR ITSA4 BZ 18,100 $61,830.20
2521800 LOBLAW COMPANIES LTD CA L CN 2,005 $106,925.21
25271C102 DIAMOND OFFSHORE DRILLING US DO 95,760 $506,570.40
25277LAC0 DIAMOND SPORTS GR/DIAMON 6.62500 08/15/2027 US 25,000 $25,750.00
253868103 DIGITAL REALTY TRUST INC US DLR 455 $57,803.20
25470DAT6 DISCOVERY COMMUNICATIONS 5.20000 09/20/2047 US 300,000 $328,066.79
256677105 DOLLAR GENERAL CORP US DG 24,535 $3,933,941.90
256746108 DOLLAR TREE STORES INC US DLTR 39,155 $4,322,712.00
25787GAC4 DONNELLEY FINANCIAL SOL 8.25000 10/15/2024 US 30,000 $31,200.00
25960P109 DOUGLAS EMMETT INC US DEI 1,210 $52,417.20
260557103 DOW INC US DOW 403 $20,347.47
2715777 QUEBECOR INC -CL B CA QBR/B CN 92,530 $2,151,141.60
277432100 EASTMAN CHEM CO US EMN 165 $12,546.60
2801836 SHAW COMMUNICATIONS INC-B CA SJR/B CN 107,620 $2,196,359.88
285512109 ELECTRONIC ARTS US EA 49,590 $4,780,476.00
2866857 LUNDIN MINING CORP CA LUN CN 152,295 $768,933.07
291011104 EMERSON ELEC CO US EMR 442 $31,006.30
29273RAR0 ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 US 200,000 $239,540.56
29444U700 EQUINIX INC US EQIX 5,160 $2,924,584.80
2945422 WEG SA BR WEGE3 BZ 3,900 $25,011.35
29472R108 EQUITY LIFESTYLE PROPERTIES US ELS 730 $51,056.20
29476L107 EQUITY RESIDENTIAL US EQR 960 $85,113.60
29670E107 ESSENTIAL PROPERTIES REALTY US EPRT 2,083 $53,449.78
297178105 ESSEX PROPERTY TRUST INC US ESS 207 $67,715.91
30225T102 EXTRA SPACE STORAGE INC US EXR 185 $20,769.95
30303M102 FACEBOOK INC -A US FB 23,540 $4,511,441.00
30744W107 FARFETCH LTD - CLASS A GB FTCH 3,335 $29,781.55
311900104 FASTENAL CO US FAST 512 $18,401.28
3134865 BARCLAYS PLC GB BARC LN 30,870 $66,959.50
313747206 FEDERAL RLTY INVT TR SH BEN INT US FRT 130 $17,681.30
315786AC7 FIDELITY & GUARA NTY LIFE 5.50000 05/01/2025 US 15,000 $16,012.50
316773100 FIFTH THIRD BANCORP US FITB 604 $17,564.32
32054K103 FIRST INDUSTRIAL REALTY TR US FR 850 $35,793.50
33834YAA6 FIVE POINT OP CO LP/FIVE 7.87500 11/15/2025 US 25,000 $23,629.25
346232AD3 FORESTAR GROUP INC 8.00000 04/15/2024 US 15,000 $16,125.00
34960PAB7 FORTRESS TRANS & INFRAST 6.50000 10/01/2025 US 25,000 $25,250.00
35166FAA0 FOXTROT ESCROW ISSUER 12.25000 11/15/2026 US 25,000 $25,127.50
35671D857 FREEPORT-MCMORAN INC US FCX 140,840 $1,383,048.80
36166LAA5 GEMS MENASA KY LTD/GEMS 7.12500 07/31/2026 AE 85,000 $88,081.25
364760108 GAP INC US GPS 453 $7,365.78
369550108 GENERAL DYNAMICS CORP US GD 138 $24,398.40
369604BQ5 GENERAL ELECTRIC CO 5.00000 01/21/2021 US 250,000 $240,937.50
370334104 GENERAL MLS INC US GIS 483 $24,565.38
372460105 GENUINE PARTS CO US GPC 164 $16,823.12
374297109 GETTY REALTY CORP US GTY 985 $33,036.90
375558103 GILEAD SCIENCES INC US GILD 740 $47,145.40
37960JAA6 GLOBAL AIR LEASE CO LTD 6.50000 09/15/2024 KY 30,000 $30,703.50
38141GVR2 GOLDMAN SACHS GROUP INC 4.25000 10/21/2025 US 150,000 $161,572.64
400506101 GRUPO AEROPORTUARIO PAC-ADR MX PAC 400 $41,804.00
40051E202 GRUPO AEROPORTUARIO DEL SURESTE MX ASR 335 $54,856.25
4012250 AIRBUS SE FR AIR FP 805 $115,483.99
4031879 VEOLIA ENVIRONMENT FR VIE FP 675 $17,768.55
404119BX6 HCA INC 4.12500 06/15/2029 US 230,000 $243,663.15
404139AD9 HC2 HOLDINGS INC 11.50000 12/01/2021 US 10,000 $9,112.50
40414L109 HCP INC US HCP 2,235 $84,080.70
4057808 L'OREAL FR OR FP 335 $97,840.70
4061412 LVMH MOET HENNESSY LOUIS VUITTON FR MC FP 335 $143,063.73
406216101 HALLIBURTON CO US HAL 137,260 $2,642,255.00
4162791 THALES SA FR HO FP 100 $9,775.97
4163437 CAPGEMINI FR CAP FP 195 $21,982.39
416515104 HARTFORD FINL SVCS US HIG 240 $13,699.20
421946104 HEALTHCARE REALTY TRUST INC US HR 1,480 $51,459.60
42225P501 HEALTHCARE TRUST OF AMERICA US HTA 915 $28,365.00
427866108 HERSHEY CO/THE US HSY 162 $23,792.94
43300A203 HILTON WORLDWIDE HOLDINGS INC US HLT 245 $23,755.20
437076102 HOME DEPOT INC US HD 458 $107,437.64
438516106 HONEYWELL INTERNATIONAL INC US HON 352 $60,800.96
44107P104 HOST MARRIOTT CORP US HST 1,785 $29,256.15
444454AD4 HUGHES SATELLITE SYSTEMS 5.25000 08/01/2026 US 35,000 $37,493.75
445658107 HUNT (JB) TRANSPORT SVCS INC US JBHT 18,715 $2,200,135.40
452308109 ILLINOIS TOOL WKS INC US ITW 196 $33,041.68
45337C102 INCYTE CORP US INCY 14,615 $1,226,490.80
45378A106 INDEPENDENCE REALTY TRUST IN US IRT 2,425 $37,345.00
45682RAA8 INFRABUILD AUSTRALIA PTY 12.00000 10/01/2024 AU 25,000 $25,478.00
458140100 INTEL CORP US INTC 1,883 $106,445.99
45866F104 INTERCONTINENTALEXCHANGE INC US ICE 29,330 $2,766,405.60
4588364 MICHELIN (CGDE)-B FR ML FP 255 $31,048.10
459200101 INTERNATIONAL BUSINESS MACH CORP US IBM 453 $60,579.69
460146103 INTERNATIONAL PAPER CO US IP 287 $12,536.16
46120E602 INTUITIVE SURGICAL INC US ISRG 1,945 $1,075,487.75
46187W107 INVITATION HOMES INC US INVH 3,542 $109,058.18
46429B598 ISHARES MSCI INDIA ETF IN 10,370 $359,320.50
46625H100 JP MORGAN CHASE & CO US JPM 993 $124,045.56
46647PAY2 JPMORGAN CHASE & CO 4.02300 12/05/2024 US 230,000 $245,593.49
4682329 PERNOD-RICARD SA FR RI FP 640 $118,229.28
4741844 MERCK KGAA DE MRK GR 19,785 $2,359,688.45
476405105 JERNIGAN CAPITAL INC US JCAP 2,090 $39,689.10
478160104 JOHNSON & JOHNSON US JNJ 47,454 $6,265,826.16
47987LAA9 JONAH NRG LLC/FINANCE 7.25000 10/15/2025 US 35,000 $9,800.00
4821100 SOLVAY SA BE SOLB BB 1,400 $152,216.35
4824778 SGS SA-REG CH SGSN SW 25 $65,202.63
482480100 KLA-TENCOR CORPORATION US KLAC 142 $24,003.68
4834108 SCHNEIDER ELECTRIC SE FR SU FP 665 $61,805.39
4834777 VIVENDI FR VIV FP 1,245 $34,670.27
487526AB1 KEHE DISTRIBUTORS LLC/FI 8.62500 10/15/2026 US 25,000 $25,640.63
487836108 KELLOGG CO US K 273 $17,343.69
493267108 KEYCORP US KEY 820 $14,735.40
49427F108 KILROY REALTY CORP US KRC 219 $18,380.67
494368103 KIMBERLY CLARK CORP US KMB 240 $31,891.20
494550AW6 KINDER MORGAN ENER PART 6.95000 01/15/2038 US 250,000 $323,180.62
500255104 KOHLS CORP US KSS 182 $9,329.32
501044101 KROGER CO US KR 511 $12,591.04
50187TAE6 LGI HOMES INC 6.87500 07/15/2026 US 35,000 $36,225.00
5076705 HENKEL AG & CO KGAA VORZUG DE HEN3 GR 1,215 $126,205.38
5107401 BEIERSDORF AG DE BEI GR 24,030 $2,844,889.14
512807108 LAM RESEARCH CORP US LRCX 81 $21,954.24
5176177 ORANGE FR ORA FP 2,540 $40,880.04
5253973 HERMES INTERNATIONAL FR RMS FP 40 $28,814.12
531172104 LIBERTY PROPERTY TRUST US LPT 860 $50,800.20
53223X107 LIFE STORAGE INC US LSI 240 $26,140.80
5330047 DASSAULT SYSTEMES SA FR DSY FP 200 $30,375.35
539830109 LOCKHEED MARTIN CORP US LMT 145 $54,618.60
54238XAC2 LONESTAR RESOURCES AMERICA 11.25000 01/01/2023 US 15,000 $10,500.00
5476929 BARRY CALLEBAUT AG-REG CH BARN SW 30 $63,398.99
550021109 LULULEMON - ADR CA LULU 24,317 $4,967,233.59
5505072 KERING FR KER FP 120 $68,279.58
56585A102 MARATHON PETROLEUM CORP US MPC 489 $31,271.55
5669354 REPSOL SA ES REP SM 7,283 $120,021.76
5671735 SANOFI-AVENTIS FR SAN FP 1,310 $120,765.14
5701513 ELISA OYJ FI ELISA FH 2,213 $120,865.71
57636Q104 MASTERCARD INC-CLASS A US MA 20,705 $5,731,351.05
57772K101 MAXIM INTEGRATED PRODUCTS US MXIM 234 $13,726.44
585464100 MELCO CROWN ENTERTAINME-ADR HK MLCO 2,880 $62,035.20
58933Y105 MERCK & CO INC US MRK 13,428 $1,163,670.48
594918104 MICROSOFT CORP US MSFT 34,380 $4,929,060.60
595112103 MICRON TECHNOLOGY INC US MU 125,030 $5,945,176.50
59522J103 MID-AMERICA APARTMENT COMM US MAA 260 $36,137.40
5962280 CHOCOLADEFABRIKEN LINDT-PC CH LISP SW 7 $52,012.16
5980613 GIVAUDAN - REG CH GIVN SW 20 $58,758.72
5986622 KONINKLIJKE PHILIPS NV NL PHIA NA 2,515 $110,343.37
6055112 AYALA LAND INC PH ALI PM 61,100 $58,388.88
6074968 BANK OF THE PHILIPPINE ISLAN PH BPI PM 19,180 $36,643.04
60871R209 MOLSON COORS BREWING CO -B US TAP 191 $10,069.52
609207105 MONDELEZ INTERNATIONAL INC US MDLZ 111,425 $5,844,241.25
6108179 HARMONIC DRIVE SYSTEMS INC JP 6324 JP 1,200 $55,652.06
615369105 MOODY'S CORPORATION US MCO 13,430 $2,963,866.70
6194037 KAKAO CORP KR 035720 KS 990 $120,138.74
61965RAB1 MOSS CREEK RESOURCES HLD 10.50000 05/15/2027 US 5,000 $3,862.50
62426EAA3 MOUNTAIN PROVINCE DIAMON 8.00000 12/15/2022 CA 35,000 $33,950.00
6250025 DAIFUKU CO LTD JP 6383 JP 1,100 $58,367.92
6284864 GLOBE TELECOM INC PH GLO PM 1,005 $36,124.15
62957HAC9 NABORS INDUSTRIES INC 5.50000 01/15/2023 US 20,000 $16,900.00
6344456 LG HOUSEHOLD & HEALTH CARE KR 051900 KS 110 $119,030.78
6356934 FANUC LTD JP 6954 JP 800 $157,799.44
637417106 NATIONAL RETAIL PROPERTIES US NNN 895 $52,724.45
637870106 NATIONAL STORAGE AFFILIATES US NSA 860 $29,386.20
63938CAA6 NAVIENT CORP 5.00000 10/26/2020 US 25,000 $25,461.25
64110D104 NETAPP INC US NTAP 175 $9,779.00
6441506 HOYA CORP JP 7741 JP 1,400 $123,728.12
6465874 GALAXY ENTERTAINMENT GROUP L HK 27 HK 14,000 $96,398.96
647581107 NEW ORIENTAL EDUCATIO- SP ADR CN EDU 765 $93,375.90
6490995 KEYENCE CORP JP 6861 JP 2,435 $1,539,641.77
6514442 METROPOLITAN BANK & TRUST PH MBT PM 34,368.95 $45,752.33
654106103 NIKE INC CLASS B US NKE 49,355 $4,419,740.25
66727WAA0 NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 CA 35,000 $17,500.00
6687571 NABTESCO CORP JP 6268 JP 1,800 $57,302.64
66987V109 NOVARTIS AG- REG CH NVS 32,545 $2,845,734.80
670346105 NUCOR CORP US NUE 297 $15,993.45
67059TAD7 NUSTAR LOGISTICS LP 6.75000 02/01/2021 US 15,000 $15,542.70
67066G104 NVIDIA CORP US NVDA 12,650 $2,542,903.00
6742340 SHANDONG WEIGAO CN 1066 HK 56,000 $64,290.29
674599105 OCCIDENTAL PETROLEUM CORP US OXY 430 $17,415.00
680665AL0 OLIN CORP 5.62500 08/01/2029 US 20,000 $20,765.40
6818843 SM PRIME HOLDINGS INC PH SMPH PM 95,220 $73,110.87
681936100 OMEGA HEALTHCARE INVS INC US OHI 830 $36,553.20
6821120 SONIC HEALTHCARE LTD AU SHL AU 5,855 $115,314.36
6821506 SONY CORP FIRST SECTION JP 6758 JP 2,200 $133,912.13
6895200 TOHO CO LTD JP 9602 JP 2,600 $105,002.22
6919519 UNIVERSAL ROBINA CORP PH URC PM 14,050 $41,740.00
7021963 DEUTSCHE BOERSE AG DE DB1 GR 18,030 $2,792,119.54
7088429 AXA SA FR CS FP 2,485 $65,780.99
7103065 NOVARTIS AG-REG CH NOVN SW 1,455 $127,131.03
7103526 PEUGEOT SA FR UG FP 695 $17,601.65
7110388 ROCHE HOLDING AG-GENUSSCHEIN CH ROG SW 590 $177,564.03
7110902 TECAN GROUP AG-REG CH TECN SW 120 $28,389.53
7123870 NESTLE SA-REGISTERED CH NESN SW 29,590 $3,165,577.97
7133608 EQUINOR ASA NO EQNR NO 5,930 $110,094.50
713448108 PEPSICO INC US PEP 29,525 $4,049,944.25
7145056 ENI SPA IT ENI IM 7,455 $113,099.71
717081103 PFIZER INC US PFE 2,393 $91,819.41
718172109 PHILIP MORRIS INTERNATIONAL US PM 39,565 $3,222,173.60
718546104 PHILLIPS 66 US PSX 238 $27,803.16
719245AD4 PHOTO HOLDINGS MERGER SU 8.50000 10/01/2026 US 25,000 $22,003.25
71943U104 PHYSICIANS REALTY TRUST US DOC 3,080 $57,503.60
7212477 ESSILORLUXOTTICA FR EL FP 325 $49,625.65
7262610 CREDIT AGRICOLE SA FR ACA FP 1,425 $18,593.89
729640102 PLYMOUTH INDUSTRIAL REIT INC US 1,100 $20,746.00
7309681 BNP PARIBAS FR BNP FP 1,540 $80,479.69
7380482 COMPAGNIE DE SAINT-GOBAIN FR SGO FP 575 $23,418.57
741503AZ9 BOOKING HOLDINGS INC 3.60000 06/01/2026 US 470,000 $508,849.01
74166MAC0 PRIME SECSRVC BRW/FINANC 5.75000 04/15/2026 US 15,000 $15,370.50
74340W103 PROLOGIS US PLD 1,995 $175,081.20
74460D109 PUBLIC STORAGE INC US PSA 335 $74,658.10
74834L100 QUEST DIAGNOSTICS INC US DGX 119 $12,048.75
750236AW1 RADIAN GROUP INC 4.87500 03/15/2027 US 35,000 $36,312.50
756109104 REALTY INCOME CORP US O 270 $22,083.30
7591EP100 REGIONS FINANCIAL CORP. US RF 729 $11,736.90
76131D103 RESTAURANT BRANDS INTERN CA QSR 1,070 $70,020.80
7698356 GETINGE AB-B SHS SE GETIB SS 4,600 $78,644.14
77340RAK3 ROCKIES EXPRESS PIPELINE 5.62500 04/15/2020 US 25,000 $25,419.92
773903109 ROCKWELL AUTOMATION INC US ROK 83 $14,275.17
7792559 HEINEKEN NV NL HEIA NA 1,070 $109,267.91
780259107 ROYAL DUTCH SHELL PLC-ADR B NL RDS/B 2,875 $167,583.75
783513203 RYANAIR HOLDINGS - ADR IE RYAAY 1,085 $80,984.40
78409V104 S&P GLOBAL INC US SPGI 11,145 $2,875,298.55
78410G104 SBA COMMUNICATIONS CORP US SBAC 13,630 $3,280,059.50
78442PGC4 SLM CORP 5.12500 04/05/2022 US 35,000 $36,137.50
78463V107 SPDR GOLD SHARES US 3,655 $520,581.65
785592AV8 SABINE PASS LIQUEFACTION 5.87500 06/30/2026 US 340,000 $390,405.55
80282KAE6 SANTANDER HOLDINGS USA 4.50000 07/17/2025 US 310,000 $334,055.55
806857108 SCHLUMBERGER LTD NL SLB 57,511 $1,880,034.59
81141R100 SEA LTD - ADR SG SE 133,530 $3,973,852.80
812578102 SEATTLE GENETICS INC US SGEN 11,985 $1,287,189.00
81762P102 SERVICENOW INC US NOW 27,220 $6,730,417.20
822538AE4 SHELF DRILL HOLD LTD 8.25000 02/15/2025 KY 20,000 $16,800.00
828806109 SIMON PROPERTY GROUP INC US SPG 800 $120,544.00
832696405 JM SMUCKER CO/THE-NEW COM WI US SJM 114 $12,047.52
835699307 SONY CORP SPONSORED ADR JP SNE 70,000 $4,258,100.00
84265V105 SOUTHERN COPPER CORPORATION US SCCO 49,100 $1,746,978.00
84265VAD7 SOUTHERN COPPER CORP 5.37500 04/16/2020 US 370,000 $374,564.56
845467AL3 SOUTHWESTERN ENERGY CO 6.20000 01/23/2025 US 20,000 $17,600.00
852061AR1 SPRINT COMMUNICATIONS 7.00000 08/15/2020 US 40,000 $41,206.80
85207UAE5 SPRINT CORP 7.25000 09/15/2021 US 15,000 $16,005.90
85207UAH8 SPRINT CORP 7.12500 06/15/2024 US 15,000 $16,275.00
85254J102 STAG INDUSTRIAL INC US STAG 1,030 $31,971.20
855030AN2 STAPLES INC 7.50000 04/15/2026 US 25,000 $26,005.00
858912AF5 STERICYCLE INC 5.37500 07/15/2024 US 35,000 $36,400.00
862121100 STORE CAPITAL CORP US STOR 780 $31,590.00
866674104 SUN COMMUNITIES US SUI 470 $76,445.50
86723CAF5 SUNCOKE ENRGY PART LP/FI 7.50000 06/15/2025 US 10,000 $8,500.00
867892101 SUNSTONE HOTEL INVESTORS INC US SHO 1,475 $19,927.25
867914103 SUNTRUST BANKS INC US STI 309 $21,117.06
871829107 SYSCO CORP US SYY 376 $30,031.12
874080104 TAL EDUCATION GROUP - ADR CN TAL 2,510 $107,453.10
87854WAA1 TECHNIPLAS LLC 10.00000 05/01/2020 US 20,000 $16,900.00
88032WAN6 TENCENT HOLDINGS 3.97500 04/11/2029 KY 240,000 $258,292.70
882508104 TEXAS INSTRUMENTS INC US TXN 468 $55,219.32
883556102 THERMO FISHER SCIENTIFIC INC US TMO 7,025 $2,121,409.50
88579Y101 3M CO US MMM 343 $56,591.57
892231AA9 TOWNSQUARE MEDIA INC 6.50000 04/01/2023 US 10,000 $9,900.00
89417E109 TRAVELLERS COS INC US TRV 140 $18,348.40
901109AF5 TUTOR PERINI CORP 6.87500 05/01/2025 US 35,000 $34,907.25
902494103 TYSON FOODS INC -CL A US TSN 218 $18,048.22
902653104 UDR INC US UDR 1,297 $65,174.25
902973304 U.S. BANCORP US USB 882 $50,291.64
903002103 UMH PROPERTIES INC US UMH 1,230 $18,363.90
904767704 UNILEVER PLC - ADR GB UL 60,779 $3,653,425.69
907818108 UNION PAC CORP US UNP 361 $59,731.06
911312106 UNITED PARCEL SERVICE US UPS 507 $58,391.19
912796SR1 TREASURY BILL 0.00000 05/21/2020 US 3,195,000 $3,167,481.27
912810QV3 UNITED STATES TREAS INFL INDEX 0.75000 02/15/2042 US 941,254.89 $989,058.60
912810RK6 US TREASURY N/B 2.50000 02/15/2045 US 2,270,000 $2,414,889.83
912810RX8 US TREASURY N/B 3.00000 05/15/2047 US 1,750,000 $2,049,140.63
9128284P2 US TREASURY N/B 2.62500 05/15/2021 US 3,131,000 $3,179,921.88
912828K33 UNITED STATES TREAS INFL INDEX 0.12500 04/15/2020 US 3,137,683.84 $3,120,892.34
912828K74 US TREASURY N/B 2.00000 08/15/2025 US 16,177,000 $16,552,988.91
912828R36 US TREASURY N/B 1.62500 05/15/2026 US 6,500,000 $6,510,410.14
912828WJ5 US TREASURY N/B 2.50000 05/15/2024 US 6,034,000 $6,288,559.38
913017109 UNITED TECHNOLOGIES CORP US UTX 422 $60,590.76
91324P102 UNITEDHEALTH GROUP INC US UNH 9,860 $2,491,622.00
91704F104 URBAN EDGE PROPERTIES US UE 2,260 $47,708.60
918204108 VF CORP US VFC 287 $23,617.23
91913Y100 VALERO ENERGY US VLO 299 $28,997.02
92189F106 MARKET VECTORS GOLD MINERS US 10,364 $291,746.60
92276F100 VENTAS INC US VTR 956 $62,235.60
92339V100 VEREIT INC US VER 5,945 $58,498.80
92343VDU5 VERIZON COMMUNICATIONS 5.25000 03/16/2037 US 380,000 $478,639.71
92511U102 VERRA MOBILITY CORP US VRRM 283,775 $4,072,171.25
92532F100 VERTEX PHARMACEUTICALS INC US VRTX 6,185 $1,209,043.80
92553P201 VIACOM INC CL B US VIAB 401 $8,645.56
92826C839 VISA INC - CLASS A SHARES US V 26,610 $4,759,464.60
92840JAA7 VISTAJET MALTA/XO MGMT 10.50000 06/01/2024 MUL 25,000 $24,312.50
929042109 VORNADO REALTY TRUST US VNO 320 $21,001.60
92922PAL0 W & T OFFSHORE INC 9.75000 11/01/2023 US 10,000 $9,375.00
931142103 WAL MART STORES US WMT 1,056 $123,826.56
931427108 WALGREENS BOOTS ALLIANCE INC US WBA 563 $30,841.14
94106L109 WASTE MANAGEMENT INC US WM 278 $31,194.38
94856UAA9 WEEKLEY HOMES LLC/ FINAN 6.62500 08/15/2025 US 35,000 $35,525.00
948741103 WEINGARTEN REALTY INVESTORS US WRI 1,445 $45,849.85
949746101 WELLS FARGO COMPANY US WFC 1,932 $99,749.16
95040Q104 WELLTOWER INC. US WELL 871 $78,990.99
958102105 WESTERN DIGITAL CORP US WDC 278 $14,358.70
96949LAD7 WILLIAMS PARTNERS LP 3.75000 06/15/2027 US 240,000 $250,234.68
AP8694550 BOREALIS FINANCE LLC 7.50000 11/16/2022 MH 40,000 $37,600.00
B00FM53 BANCO BRADESCO SA - PREF BR BBDC4 BZ 15,500 $136,313.43
B01FLR7 PING AN INSURANCE GROUP CO-H CN 2318 HK 7,500 $86,563.43
B02J639 ADMIRAL GROUP PLC GB ADM LN 4,075 $106,650.23
B02L3W3 BERKELEY GROUP HOLDINGS GB BKG LN 1,110 $63,269.57
B02L486 MOWI ASA NO MOWI NO 5,190 $126,698.05
B037HR3 ITAU UNIBANCO HOLDINGS S-PREF BR ITUB4 BZ 17,100 $154,605.66
B058TZ6 SAFRAN SA FR SAF FP 365 $57,812.34
B068DB9 SM INVESTMENTS CORP PH SM PM 2,685 $54,431.47
B07DRZ5 RECORDATI SPA IT REC IM 2,835 $119,138.41
B08K3S0 LOCALIZA RENT A CAR BR RENT3 BZ 2,100 $22,515.90
B0C2CQ3 ENGIE FR ENGI FP 2,075 $34,745.42
B0CGYD6 LOJAS RENNER S.A. BR LREN3 BZ 2,800 $35,529.73
B0MP1B0 SHENZHOU INTERNATIONAL GROUP CN 2313 HK 6,500 $89,821.25
B0S1651 ICA GRUPPEN AB SE ICA SS 2,470 $109,301.77
B0SWJX3 LONDON STOCK EXCHANGE GROUP GB LSE LN 635 $57,225.62
B11ZRK9 LEGRAND SA FR LR FP 320 $24,999.70
B15C557 TOTAL SA FR FP FP 2,200 $116,310.11
B1FW751 GALP ENERGIA SGPS SA PT GALP PL 7,590 $121,400.41
B1KFX13 GRUPO AEROPORTUARIO DEL CENT MX OMAB MM 8,700 $60,372.88
B1VZ0M2 HARGREAVES LANSDOWN PLC GB HL/ LN 2,305 $52,930.52
B1XFTL2 HEXAGON AB-B SHS SE HEXAB SS 1,190 $60,925.55
B1XH026 VINCI SA FR DG FP 1,095 $122,854.96
B1Y47Y7 GERRESHEIMER AG DE GXI GR 1,140 $91,935.48
B1Y9TB3 DANONE FR BN FP 3,028 $250,843.39
B1YXBJ7 AIR LIQUIDE FR AI FP 533.5 $70,934.74
B1Z9Q99 ABOITIZ POWER CORP PH AP PM 45,900 $36,135.68
B247XZ6 MANILA ELECTRIC COMPANY PH MER PM 4,790 $31,942.77
B24CGK7 RECKITT BENCKISER GROUP PLC GB RB/ LN 1,520 $117,620.38
B3NB1P2 SUNCOR ENERGY INC CA SU CN 2,775 $82,506.26
B3ZCNF7 TELEFONICA BRASIL S.A. - PREF BR VIVT4 BZ 2,300 $30,435.36
B4975P9 MAGAZINE LUIZA SA BR MGLU3 BZ 2,500 $27,677.35
B4JSTL6 WYNN MACAU LTD MO 1128 HK 44,400 $96,351.61
B4P8HQ1 MGM CHINA HOLDINGS LTD MO 2282 HK 36,400 $57,638.80
B4R2R50 JULIUS BAER CH BAER SW 31,900 $1,412,647.83
B4V5RY4 BANCO SANTANDER BRASIL - UNIT BR SANB11 BZ 2,100 $24,830.32
B5B23W2 SANDS CHINA LTD MO 1928 HK 18,800 $92,601.65
B5VJH76 BDO UNIBANK INC PH BDO PM 18,460 $56,312.39
B63QM77 NEXON CO LTD JP 3659 JP 227,900 $2,640,961.33
B725S29 PUREGOLD PRICE CLUB INC PH PGOLD PM 23,000 $18,500.05
B7FQV64 RAIA DROGASIL S.A. BR RADL3 BZ 1,000 $27,418.03
B7T7721 ROYAL BANK OF SCOTLAND GB RBS LN 22,925 $63,370.36
B92RW83 LT GROUP INC PH LTG PM 63,300 $16,640.50
B9N3SQ0 BB SEGURIDADE PARTICIPACOES BR BBSE3 BZ 3,400 $28,781.95
BB22L96 KION GROUP AG DE KGX GR 1,100 $73,191.56
BBQ3850 KEYWORDS STUDIOS PLC IE KWS LN 1,780 $25,649.95
BD4TZK8 OCI NV NL OCI NA 1,115 $25,070.08
BD9Y5C0 TECHNOGYM SPA IT TGYM IM 7,595 $83,793.51
BD9Y9B7 BASIC-FIT NV NL BFIT NA 2,700 $82,579.48
BF1K7P7 ESSITY AKTIEBOLAG-B SE ESSITYB SS 4,100 $128,087.05
BFTCYP4 ROBINSONS RETAIL HOLDINGS IN PH RRHI PM 11,320 $16,920.33
BG36ZK1 B3 SA-BRASIL BOLSA BALCAO BR B3SA3 BZ 7,200 $86,909.86
BG7ZWY7 AMBEV SA BR ABEV3 BZ 17,000 $73,586.83
BGHQ198 HIBERNIA REIT PLC IE HBRN ID 17,620 $27,433.61
BH3T8K8 ORBIA ADVANCE CORP SAB DE CV MX 33,400 $72,298.81
BH4TZ73 FU SHOU YUAN INTERNATIONAL CN 1448 HK 65,000 $57,368.99
BJ2KSG2 AKZO NOBEL NL AKZA NA 31,114 $2,868,506.41
BJT1GR5 ALCON INC CH ALC SW 869 $51,391.03
BMJ6DW5 INFORMA PLC GB INF LN 11,050 $111,066.63
BMMV2K8 TENCENT HOLDINGS LTD CN 700 HK 101,371 $4,111,903.50
BMTRW10 B&M EUROPEAN VALUE RETAIL SA GB BME LN 13,785 $66,132.16
BNGN9Z1 FINECOBANK SPA IT FBK IM 137,235 $1,547,096.19
BP9DL90 INDUSTRIA DE DISENO TEXTIL ES ITX SM 69,230 $2,157,263.00
BYW0PQ6 LAND SECURITIES GROUP PLC GB LAND LN 5,370 $65,409.60
BYXS699 QIAGEN N.V. NL QIA GR 3,078 $92,583.33
BYXZ2W5 RUMO SA BR RAIL3 BZ 4,800 $27,384.12
BYYHL23 ANHEUSER-BUSCH INBEV SA/NV BE ABI BB 29,693 $2,396,742.61
G0750C108 AXALTA COATING SYSTEMS LTD US AXTA 51,320 $1,513,426.80
G0772R208 BANK OF N.T. BUTTERFIELD&SON BM NTB 2,500 $82,375.00
G25839104 COCA-COLA EUROPEAN PARTNERS GB CCEP 2,030 $108,625.30
G29183103 EATON CORP PLC US ETN 333 $29,007.63
G51502105 JOHNSON CONTROLS INTERNATIONAL US JCI 616 $26,691.28
G5960L103 MEDTRONIC INC IE MDT 51,440 $5,601,816.00
G97822103 PERRIGO CO PLC IE PRGO 1,405 $74,493.10
H01301128 ALCON INC CH ALC 26,425 $1,566,209.75
H1467J104 CHUBB LTD CH CB 196 $29,874.32
H8817H100 TRANSOCEAN LTD US RIG 278,480 $1,322,780.00
N22717107 CORE LABORATORIES N.V. NL CLB 46,380 $2,042,575.20
N47279109 INTERXION HOLDING NV NL INXN 1,250 $110,275.00
N53745100 LYONDELLBASELL INDU-CL A US LYB 301 $26,999.70
N72482123 QIAGEN N.V. ADR NL QGEN 63,506 $1,893,113.86
USD US DOLLAR US 1,019,825.81 $1,019,825.81

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

$16.22

Daily $ Change

$0.03

Daily % Change

0.18%

as of 11/13/2019

CUSIP

302027156

Inception Date

10/15/2013

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

Important Documents

Annual Report
Fact Sheet
Applications & Forms

Investment Objective

To provide long-term capital growth.

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 10/31/2019

YTD

20.99%

1 Year

14.61%

3 Year

11.82%

5 Year

7.66%

10 Year

9.86%

Inception
(01/01/2000)

7.69%

US Stock Market Cycle (04/01/2000 - 10/31/2019)

7.84%

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

Expense Ratio

Gross 0.49%
Net 0.49%*

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

Top Ten Investments

As of 10/31/2019

TREASURY NOTES 10.26%
COCA COLA CO/THE 2.13%
SERVICENOW INC 2.12%
JOHNSON & JOHNSON 1.98%
BERKSHIRE HATHAWAY INC-CL B 1.97%
MICRON TECHNOLOGY INC 1.87%
MONDELEZ INTERNATIONAL INC 1.84%
MASTERCARD INC-CLASS A 1.81%
MEDTRONIC INC 1.77%
LULULEMON - ADR 1.57%

This investment list is unaudited and excludes cash.

Asset Allocation

As of 10/31/2019

Stocks
82.86%
Bonds
16.82%
Cash
0.32%

Detailed Asset Class Allocation

As of 10/31/2019

International Equities
26.48%
Small Capitalization
1.98%
Mid Capitalization
1.95%
Large Capitalization
52.45%
Long Term Fixed Income
2.40%
Intermediate Term Fixed Income
10.96%
Short Term Fixed Income
3.46%
Cash
0.32%

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

October Fund Holdings

As of 10/31/2019

CUSIP Security Description Country Ticker Shares/Par Market Value (USD)
00101JAK2 ADT SEC CORP 6.25000 10/15/2021 US 15,000 $15,993.75
00206RDQ2 AT&T INC 4.25000 03/01/2027 US 300,000 $329,491.64
00287Y109 ABBVIE INC US ABBV 766 $60,935.30
004239109 ACADIA REALTY TRUST US AKR 575 $16,088.50
00489LAA1 ACRISURE LLC / FIN INC 7.00000 11/15/2025 US 25,000 $22,875.00
00507V109 ACTIVISION INC US ATVI 51,095 $2,862,852.85
00751Y106 ADVANCE AUTO PARTS INC US AAP 14,630 $2,377,082.40
00774MAG0 AERCAP IRELAND CAP / GLOBA 4.45000 10/01/2025 IE 310,000 $336,374.22
00791GAA5 AG MERGER SUB II INC 10.75000 08/01/2027 US 20,000 $19,800.00
0081180 BARRATT DEVELOPMENTS PLC GB BDEV LN 7,145 $58,430.61
008492100 AGREE REALTY CORP US ADC 355 $27,963.35
00912XAV6 AIR LEASE CORP 3.62500 04/01/2027 US 320,000 $333,813.74
0136701 BRITISH LAND CO PLC GB BLND LN 7,945 $63,879.07
015271109 ALEXANDRIA REAL EST EQUITIES US ARE 130 $20,637.50
01609W102 ALIBABA GROUP - ADR CN BABA 1,130 $199,637.10
01609WAT9 ALIBABA GROUP HOLDING 3.40000 12/06/2027 KY 230,000 $238,892.16
020002101 ALLSTATE CORPORATION US ALL 181 $19,262.02
02079K107 ALPHABET INC-CL C US GOOG 2,230 $2,810,045.30
02079K305 ALPHABET INC-CL A US GOOGL 2,230 $2,807,124.00
02209S103 ALTRIA GROUP INC US MO 42,965 $1,924,402.35
023135106 AMAZON.COM INC US AMZN 2,030 $3,606,619.80
02319V103 AMBEV SA-ADR BR ABEV 593,390 $2,557,510.90
0237400 DIAGEO PLC GB DGE LN 55,154 $2,257,513.40
02406PAR1 AMERICAN AXLE & MFG INC 6.25000 04/01/2025 US 10,000 $9,637.50
024835100 AMERICAN CAMPUS COMMUNITIES US ACC 925 $46,231.50
0263494 BAE SYSTEMS PLC GB BA/ LN 16,905 $126,275.92
02665T306 AMERICAN HOMES 4 RENT- A US AMH 3,200 $84,704.00
0287580 BRITISH AMERICAN TOBACCO PLC GB BATS LN 3,095 $108,250.64
03019LAA4 AMERICAN TANKER INC 9.25000 02/22/2022 US 45,000 $45,252.31
03027X100 AMERICAN TOWER REIT INC US AMT 15,660 $3,415,132.80
03027XAW0 AMERICAN TOWER CORP 3.80000 08/15/2029 US 320,000 $342,090.53
03064D108 AMERICOLD REALTY TRUST US COLD 1,720 $68,954.80
031162100 AMGEN INC US AMGN 330 $70,372.50
03690AAD8 ANTERO MIDSTREAM PART / FI 5.75000 03/01/2027 US 15,000 $11,156.25
03690AAF3 ANTERO MIDSTREAM PART/FI 5.75000 01/15/2028 US 20,000 $15,100.00
03748R754 APARTMENT INVT & MGMT CO -A US AIV 1,510 $82,868.80
038222105 APPLIED MATERIALS INC US AMAT 462 $25,068.12
039483102 ARCHER-DANIELS-MIDLAND CO US ADM 353 $14,840.12
03968AAA9 ARD SECURITIES FINANCE 8.75000 01/31/2023 LU 10,437 $10,854.48
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89417E109 TRAVELLERS COS INC US TRV 140 $18,348.40
901109AF5 TUTOR PERINI CORP 6.87500 05/01/2025 US 35,000 $34,907.25
902494103 TYSON FOODS INC -CL A US TSN 218 $18,048.22
902653104 UDR INC US UDR 1,297 $65,174.25
902973304 U.S. BANCORP US USB 882 $50,291.64
903002103 UMH PROPERTIES INC US UMH 1,230 $18,363.90
904767704 UNILEVER PLC - ADR GB UL 60,779 $3,653,425.69
907818108 UNION PAC CORP US UNP 361 $59,731.06
911312106 UNITED PARCEL SERVICE US UPS 507 $58,391.19
912796SR1 TREASURY BILL 0.00000 05/21/2020 US 3,195,000 $3,167,481.27
912810QV3 UNITED STATES TREAS INFL INDEX 0.75000 02/15/2042 US 941,254.89 $989,058.60
912810RK6 US TREASURY N/B 2.50000 02/15/2045 US 2,270,000 $2,414,889.83
912810RX8 US TREASURY N/B 3.00000 05/15/2047 US 1,750,000 $2,049,140.63
9128284P2 US TREASURY N/B 2.62500 05/15/2021 US 3,131,000 $3,179,921.88
912828K33 UNITED STATES TREAS INFL INDEX 0.12500 04/15/2020 US 3,137,683.84 $3,120,892.34
912828K74 US TREASURY N/B 2.00000 08/15/2025 US 16,177,000 $16,552,988.91
912828R36 US TREASURY N/B 1.62500 05/15/2026 US 6,500,000 $6,510,410.14
912828WJ5 US TREASURY N/B 2.50000 05/15/2024 US 6,034,000 $6,288,559.38
913017109 UNITED TECHNOLOGIES CORP US UTX 422 $60,590.76
91324P102 UNITEDHEALTH GROUP INC US UNH 9,860 $2,491,622.00
91704F104 URBAN EDGE PROPERTIES US UE 2,260 $47,708.60
918204108 VF CORP US VFC 287 $23,617.23
91913Y100 VALERO ENERGY US VLO 299 $28,997.02
92189F106 MARKET VECTORS GOLD MINERS US 10,364 $291,746.60
92276F100 VENTAS INC US VTR 956 $62,235.60
92339V100 VEREIT INC US VER 5,945 $58,498.80
92343VDU5 VERIZON COMMUNICATIONS 5.25000 03/16/2037 US 380,000 $478,639.71
92511U102 VERRA MOBILITY CORP US VRRM 283,775 $4,072,171.25
92532F100 VERTEX PHARMACEUTICALS INC US VRTX 6,185 $1,209,043.80
92553P201 VIACOM INC CL B US VIAB 401 $8,645.56
92826C839 VISA INC - CLASS A SHARES US V 26,610 $4,759,464.60
92840JAA7 VISTAJET MALTA/XO MGMT 10.50000 06/01/2024 MUL 25,000 $24,312.50
929042109 VORNADO REALTY TRUST US VNO 320 $21,001.60
92922PAL0 W & T OFFSHORE INC 9.75000 11/01/2023 US 10,000 $9,375.00
931142103 WAL MART STORES US WMT 1,056 $123,826.56
931427108 WALGREENS BOOTS ALLIANCE INC US WBA 563 $30,841.14
94106L109 WASTE MANAGEMENT INC US WM 278 $31,194.38
94856UAA9 WEEKLEY HOMES LLC/ FINAN 6.62500 08/15/2025 US 35,000 $35,525.00
948741103 WEINGARTEN REALTY INVESTORS US WRI 1,445 $45,849.85
949746101 WELLS FARGO COMPANY US WFC 1,932 $99,749.16
95040Q104 WELLTOWER INC. US WELL 871 $78,990.99
958102105 WESTERN DIGITAL CORP US WDC 278 $14,358.70
96949LAD7 WILLIAMS PARTNERS LP 3.75000 06/15/2027 US 240,000 $250,234.68
AP8694550 BOREALIS FINANCE LLC 7.50000 11/16/2022 MH 40,000 $37,600.00
B00FM53 BANCO BRADESCO SA - PREF BR BBDC4 BZ 15,500 $136,313.43
B01FLR7 PING AN INSURANCE GROUP CO-H CN 2318 HK 7,500 $86,563.43
B02J639 ADMIRAL GROUP PLC GB ADM LN 4,075 $106,650.23
B02L3W3 BERKELEY GROUP HOLDINGS GB BKG LN 1,110 $63,269.57
B02L486 MOWI ASA NO MOWI NO 5,190 $126,698.05
B037HR3 ITAU UNIBANCO HOLDINGS S-PREF BR ITUB4 BZ 17,100 $154,605.66
B058TZ6 SAFRAN SA FR SAF FP 365 $57,812.34
B068DB9 SM INVESTMENTS CORP PH SM PM 2,685 $54,431.47
B07DRZ5 RECORDATI SPA IT REC IM 2,835 $119,138.41
B08K3S0 LOCALIZA RENT A CAR BR RENT3 BZ 2,100 $22,515.90
B0C2CQ3 ENGIE FR ENGI FP 2,075 $34,745.42
B0CGYD6 LOJAS RENNER S.A. BR LREN3 BZ 2,800 $35,529.73
B0MP1B0 SHENZHOU INTERNATIONAL GROUP CN 2313 HK 6,500 $89,821.25
B0S1651 ICA GRUPPEN AB SE ICA SS 2,470 $109,301.77
B0SWJX3 LONDON STOCK EXCHANGE GROUP GB LSE LN 635 $57,225.62
B11ZRK9 LEGRAND SA FR LR FP 320 $24,999.70
B15C557 TOTAL SA FR FP FP 2,200 $116,310.11
B1FW751 GALP ENERGIA SGPS SA PT GALP PL 7,590 $121,400.41
B1KFX13 GRUPO AEROPORTUARIO DEL CENT MX OMAB MM 8,700 $60,372.88
B1VZ0M2 HARGREAVES LANSDOWN PLC GB HL/ LN 2,305 $52,930.52
B1XFTL2 HEXAGON AB-B SHS SE HEXAB SS 1,190 $60,925.55
B1XH026 VINCI SA FR DG FP 1,095 $122,854.96
B1Y47Y7 GERRESHEIMER AG DE GXI GR 1,140 $91,935.48
B1Y9TB3 DANONE FR BN FP 3,028 $250,843.39
B1YXBJ7 AIR LIQUIDE FR AI FP 533.5 $70,934.74
B1Z9Q99 ABOITIZ POWER CORP PH AP PM 45,900 $36,135.68
B247XZ6 MANILA ELECTRIC COMPANY PH MER PM 4,790 $31,942.77
B24CGK7 RECKITT BENCKISER GROUP PLC GB RB/ LN 1,520 $117,620.38
B3NB1P2 SUNCOR ENERGY INC CA SU CN 2,775 $82,506.26
B3ZCNF7 TELEFONICA BRASIL S.A. - PREF BR VIVT4 BZ 2,300 $30,435.36
B4975P9 MAGAZINE LUIZA SA BR MGLU3 BZ 2,500 $27,677.35
B4JSTL6 WYNN MACAU LTD MO 1128 HK 44,400 $96,351.61
B4P8HQ1 MGM CHINA HOLDINGS LTD MO 2282 HK 36,400 $57,638.80
B4R2R50 JULIUS BAER CH BAER SW 31,900 $1,412,647.83
B4V5RY4 BANCO SANTANDER BRASIL - UNIT BR SANB11 BZ 2,100 $24,830.32
B5B23W2 SANDS CHINA LTD MO 1928 HK 18,800 $92,601.65
B5VJH76 BDO UNIBANK INC PH BDO PM 18,460 $56,312.39
B63QM77 NEXON CO LTD JP 3659 JP 227,900 $2,640,961.33
B725S29 PUREGOLD PRICE CLUB INC PH PGOLD PM 23,000 $18,500.05
B7FQV64 RAIA DROGASIL S.A. BR RADL3 BZ 1,000 $27,418.03
B7T7721 ROYAL BANK OF SCOTLAND GB RBS LN 22,925 $63,370.36
B92RW83 LT GROUP INC PH LTG PM 63,300 $16,640.50
B9N3SQ0 BB SEGURIDADE PARTICIPACOES BR BBSE3 BZ 3,400 $28,781.95
BB22L96 KION GROUP AG DE KGX GR 1,100 $73,191.56
BBQ3850 KEYWORDS STUDIOS PLC IE KWS LN 1,780 $25,649.95
BD4TZK8 OCI NV NL OCI NA 1,115 $25,070.08
BD9Y5C0 TECHNOGYM SPA IT TGYM IM 7,595 $83,793.51
BD9Y9B7 BASIC-FIT NV NL BFIT NA 2,700 $82,579.48
BF1K7P7 ESSITY AKTIEBOLAG-B SE ESSITYB SS 4,100 $128,087.05
BFTCYP4 ROBINSONS RETAIL HOLDINGS IN PH RRHI PM 11,320 $16,920.33
BG36ZK1 B3 SA-BRASIL BOLSA BALCAO BR B3SA3 BZ 7,200 $86,909.86
BG7ZWY7 AMBEV SA BR ABEV3 BZ 17,000 $73,586.83
BGHQ198 HIBERNIA REIT PLC IE HBRN ID 17,620 $27,433.61
BH3T8K8 ORBIA ADVANCE CORP SAB DE CV MX 33,400 $72,298.81
BH4TZ73 FU SHOU YUAN INTERNATIONAL CN 1448 HK 65,000 $57,368.99
BJ2KSG2 AKZO NOBEL NL AKZA NA 31,114 $2,868,506.41
BJT1GR5 ALCON INC CH ALC SW 869 $51,391.03
BMJ6DW5 INFORMA PLC GB INF LN 11,050 $111,066.63
BMMV2K8 TENCENT HOLDINGS LTD CN 700 HK 101,371 $4,111,903.50
BMTRW10 B&M EUROPEAN VALUE RETAIL SA GB BME LN 13,785 $66,132.16
BNGN9Z1 FINECOBANK SPA IT FBK IM 137,235 $1,547,096.19
BP9DL90 INDUSTRIA DE DISENO TEXTIL ES ITX SM 69,230 $2,157,263.00
BYW0PQ6 LAND SECURITIES GROUP PLC GB LAND LN 5,370 $65,409.60
BYXS699 QIAGEN N.V. NL QIA GR 3,078 $92,583.33
BYXZ2W5 RUMO SA BR RAIL3 BZ 4,800 $27,384.12
BYYHL23 ANHEUSER-BUSCH INBEV SA/NV BE ABI BB 29,693 $2,396,742.61
G0750C108 AXALTA COATING SYSTEMS LTD US AXTA 51,320 $1,513,426.80
G0772R208 BANK OF N.T. BUTTERFIELD&SON BM NTB 2,500 $82,375.00
G25839104 COCA-COLA EUROPEAN PARTNERS GB CCEP 2,030 $108,625.30
G29183103 EATON CORP PLC US ETN 333 $29,007.63
G51502105 JOHNSON CONTROLS INTERNATIONAL US JCI 616 $26,691.28
G5960L103 MEDTRONIC INC IE MDT 51,440 $5,601,816.00
G97822103 PERRIGO CO PLC IE PRGO 1,405 $74,493.10
H01301128 ALCON INC CH ALC 26,425 $1,566,209.75
H1467J104 CHUBB LTD CH CB 196 $29,874.32
H8817H100 TRANSOCEAN LTD US RIG 278,480 $1,322,780.00
N22717107 CORE LABORATORIES N.V. NL CLB 46,380 $2,042,575.20
N47279109 INTERXION HOLDING NV NL INXN 1,250 $110,275.00
N53745100 LYONDELLBASELL INDU-CL A US LYB 301 $26,999.70
N72482123 QIAGEN N.V. ADR NL QGEN 63,506 $1,893,113.86
USD US DOLLAR US 1,019,825.81 $1,019,825.81

Investments will change over time.

A Word About Risk

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

About The Fund Manager

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


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