Collective Investment Trust
Pro-Mix® Moderate Term CIT
Investment Objective
To provide equal emphasis on long-term capital growth and capital preservation.
Investment Strategy
The portfolio is invested in a moderately conservative mix of securities that seeks to balance growth and capital preservation for a more stable rate of return relative to an investment in the stock market. Holdings are diversified primarily among intermediate to long-term fixed income securities. Because this fund is designed to moderate risk, stocks will typically be a minority in the portfolio, unless the fund manager’s analysis shows that the stock market is especially attractive.
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 want long-term capital growth and who seek to minimize extreme declines in account value
- Who have a moderate tolerance for capital risk
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.
Daily Price
$36.24
Daily $ Change
$0.02
Daily % Change
0.06%
as of 09/22/2023
CUSIP
563821131
Inception Date
01/01/2000
This fund is only available for use within certain qualified employee benefit plans.
Important Documents
| Applications & Forms | |
| Fact Sheet | |
| Annual Report |
YTD
5.94%
1 Year
3.63%
3 Year
0.87%
5 Year
4.46%
10 Year
4.56%
Inception
(01/01/2000)
5.67%
Performance data quoted represents past performance and does not guarantee future results. Performance for periods greater than one year is annualized. Your investment may fluctuate in value and there is a potential for loss as well as profit.
Returns are net of Pro-Mix® CIT Class S expenses.
Expense Ratio
| Gross | 0.91% |
| Net | 0.90%* |
*Reflects the Trustee’s contractual agreement to limit fees and voluntary agreement to reimburse certain expenses.
| TREASURY NOTES | 20.29% |
| GOVERNMENT AGENCY | 11.77% |
| TREASURY BONDS | 3.03% |
| TSY INFL IX N/B 0.50000 04/15/2024 | 2.85% |
| AMAZON.COM INC | 1.85% |
| META PLATFORMS INC | 1.60% |
| MASTERCARD INC-CLASS A | 1.50% |
| TSY INFL IX N/B 2.37500 01/15/2027 | 1.42% |
| ALPHABET INC-CL A | 1.41% |
| MICRON TECHNOLOGY INC | 1.30% |
This investment list is unaudited and excludes cash.
| Bonds | 60.04% | |
| Stocks | 36.69% | |
| Cash | 3.27% |
| International Equities | 9.23% | |
| Small Capitalization | 0.35% | |
| Mid Capitalization | 3.43% | |
| Large Capitalization | 23.69% | |
| Long Term Fixed Income | 11.60% | |
| Intermediate Term Fixed Income | 45.04% | |
| Short Term Fixed Income | 3.39% | |
| Cash | 3.27% |
Due to rounding, the sum of the detailed asset class allocation categories may not equal the asset allocation totals provided above.
| Security Description | Country | Ticker | Shares/Par | Market Value (USD) |
|---|---|---|---|---|
| 3M CO | US | MMM | 639 | $68,162.13 |
| ABBOTT LABORATORIES | US | ABT | 1,187 | $122,142.30 |
| ADMIRAL GROUP PLC | GB | ADM LN | 14,626 | $460,777.80 |
| ADMIRAL GROUP PLC ADR | GB | AMIGY | 52,697 | $1,660,218.99 |
| AERCAP IRELAND CAP/GLOBA 3.00000 10/29/2028 | IE | 1,500,000 | $1,300,029.11 | |
| AGREE REALTY CORP | US | ADC | 4,727 | $292,223.14 |
| AIR LIQUIDE | FR | AI FP | 1,326 | $239,576.63 |
| AIRBUS SE | FR | AIR FP | 1,651 | $241,552.97 |
| ALASKA AIR 2020-1 CL B 8.00000 08/15/2025 | US | 81,008.43 | $81,505.57 | |
| ALCON INC | CH | ALC | 22,609 | $1,876,320.91 |
| ALIBAB GROUP HOLDINGS 2.12500 02/09/2031 | KY | 700,000 | $561,239.40 | |
| ALIBABA GROUP HOLDING 4.00000 12/06/2037 | KY | 2,890,000 | $2,346,770.95 | |
| ALPHABET INC-CL A | US | GOOGL | 40,571 | $5,524,553.07 |
| AMAZON.COM INC | US | AMZN | 52,409 | $7,232,966.09 |
| AMAZON.COM INC 3.30000 04/13/2027 | US | 2,330,000 | $2,217,269.54 | |
| AMERICAN HOMES 4 RENT- A | US | AMH | 2,935 | $105,777.40 |
| AMERICAN TOWER REIT INC | US | AMT | 1,329 | $240,974.28 |
| AMERICOLD REALTY TRUST | US | COLD | 10,093 | $339,629.45 |
| ANALOG DEVICES INC | US | ADI | 546 | $99,251.88 |
| APARTMENT INCOME REIT CO | US | AIRC | 2,503 | $85,252.18 |
| APPLIED MATERIALS INC | US | AMAT | 10,246 | $1,565,178.96 |
| ARCHER-DANIELS-MIDLAND CO | US | ADM | 663 | $52,575.90 |
| ASHTEAD CAPITAL INC 4.00000 05/01/2028 | US | 1,430,000 | $1,321,637.92 | |
| ASTRAZENECA | GB | AZN | 3,818 | $258,936.76 |
| ATLASSIAN CORP PLC-CLASS A | AU | TEAM | 886 | $180,797.16 |
| AUCKLAND INTL AIRPORT LTD | NZ | AIA NZ | 28,490 | $132,649.03 |
| AUTO TRADER GROUP PLC | GB | AUTO LN | 39,787 | $305,105.16 |
| AVALONBAY COMMUNITIES INC | US | AVB | 1,537 | $282,531.34 |
| AVANZA BANK HOLDING AB | SE | AZA SS | 10,082 | $194,656.23 |
| BAE SYSTEMS PLC | GB | BA/ LN | 31,962 | $406,805.03 |
| BAE SYSTEMS PLC -SPON ADR | GB | BAESY | 29,376 | $1,520,795.52 |
| BANK OF AMERICA CORP | US | BAC | 4,695 | $134,605.65 |
| BANK OF AMERICA CORP 2.68700 04/22/2032 | US | 2,220,000 | $1,815,451.58 | |
| BAXTER INTERNATIONAL INC | US | BAX | 655 | $26,593.00 |
| BEIERSDORF AG | DE | BEI GR | 2,177 | $285,045.90 |
| BIOMARIN PHARMACEUTICAL INC | US | BMRN | 23,737 | $2,169,087.06 |
| BNSF FUNDING TRUST I 6.61300 12/15/2055 | US | 1,070,000 | $1,044,882.51 | |
| BRISTOL MYERS SQUIBB CO | US | BMY | 1,748 | $107,764.20 |
| BROADCOM INC | US | AVGO | 212 | $195,652.68 |
| BROADRIDGE FINANCIAL SOLUTIONS | US | BR | 201 | $37,428.21 |
| BROOGE PETROLEUM AND GAS 8.50000 09/24/2025 | AE | 280,154 | $243,733.97 | |
| BUNGE LIMITED | US | BG | 260 | $29,723.20 |
| C.H. ROBINSON WORLDWIDE INC | US | CHRW | 261 | $23,602.23 |
| CAALT 2021-3A B MTGE 1.38000 07/15/2030 | US | 1,950,000 | $1,845,376.32 | |
| CALDERYS FINANCING LLC 11.25000 06/01/2028 | US | 375,000 | $384,791.21 | |
| CAMPBELL SOUP CO | US | CPB | 568 | $23,685.60 |
| CANADIAN NATIONAL RAILWAY CO | CA | CNI | 14,239 | $1,603,453.79 |
| CARETRUST REIT INC | US | CTRE | 7,841 | $157,996.15 |
| CATERPILLAR INC | US | CAT | 535 | $150,404.55 |
| CBOE GLOBAL MARKETS INC | US | CBOE | 10,858 | $1,625,551.18 |
| CELLNEX TELECOM SA | ES | CLNX SM | 7,855 | $300,418.05 |
| CELLNEX TELECOM SAU-UNSP ADR | ES | CLLNY | 9,649 | $184,102.92 |
| CENOVUS ENERGY INC 6.75000 11/15/2039 | CA | 1,740,000 | $1,805,159.68 | |
| CHEVRON CORP | US | CVX | 1,062 | $171,088.20 |
| CIM 2019-INV1 A1 4.00000 02/25/2049 | US | 25,516.93 | $23,880.42 | |
| CISCO SYSTEMS INC | US | CSCO | 3,142 | $180,193.70 |
| CITIGROUP INC | US | C | 2,108 | $87,039.32 |
| CITIGROUP INC 1.46200 06/09/2027 | US | 1,860,000 | $1,655,756.34 | |
| CLARK CNTY NV 1.51000 11/01/2028 | US | 2,040,000 | $1,728,591.98 | |
| CLEANAWAY WASTE MANAGEMENT | AU | CWY AU | 136,027 | $230,210.78 |
| COCA COLA CO/THE | US | KO | 75,396 | $4,510,942.68 |
| COGNIZANT TECH SOLUTIONS - A | US | CTSH | 525 | $37,595.25 |
| COLGATE-PALMOLIVE CO | US | CL | 936 | $68,767.92 |
| COLO 2021-2A A2 MTGE 2.40000 10/25/2051 | US | 1,060,000 | $917,212.89 | |
| COLO 2023 - 1A A2 MTGE 5.11600 02/25/2053 | US | 1,350,000 | $1,240,142.21 | |
| COMCAST CORP-CL A | US | CMCSA | 3,341 | $156,225.16 |
| COMMUNITY HEALTHCARE TRUST I | US | CHCT | 4,815 | $159,809.85 |
| CONAGRA BRAND INC. | US | CAG | 868 | $25,935.84 |
| CONOCOPHILLIPS | US | COP | 910 | $108,317.30 |
| COPART INC | US | CPRT | 43,628 | $1,955,843.24 |
| CORNING INC | US | GLW | 882 | $28,947.24 |
| COTERRA ENERGY INC | US | CTRA | 1,087 | $30,642.53 |
| COUSINS PROPERTIES INC | US | CUZ | 2,521 | $59,243.50 |
| CSMC 2013-IVR3 A1 2.50000 05/25/2043 | US | 199,945.05 | $168,015.98 | |
| CSMC 2013-TH1 A1 2.13000 02/25/2043 | US | 114,516.23 | $95,492.22 | |
| CSX CORP | US | CSX | 51,005 | $1,540,351.00 |
| CUMMINS INC | US | CMI | 235 | $54,059.40 |
| CVS HEALTH CORP | US | CVS | 889 | $57,936.13 |
| DEUTSCHE BOERSE AG | DE | DB1 GR | 1,859 | $330,017.07 |
| DEUTSCHE BOERSE AG ADR | DE | DBOEY | 79,213 | $1,402,862.23 |
| DEVON ENERGY CORPORATION | US | DVN | 748 | $38,215.32 |
| DIAGEO PLC | GB | DGE LN | 5,823 | $238,469.44 |
| DIAMONDBACK ENERGY INC | US | FANG | 232 | $35,212.96 |
| DOLLAR GENERAL CORP | US | DG | 14,657 | $2,029,994.50 |
| DOLLARAMA INC | CA | DOL CN | 1,780 | $115,412.82 |
| DOW INC | US | DOW | 761 | $41,520.16 |
| DREYFUS GVT CSH MANAGEMENT | US | 13,244,197.35 | $13,244,197.35 | |
| EBAY INC | US | EBAY | 750 | $33,585.00 |
| ELECTRONIC ARTS | US | EA | 29,879 | $3,584,882.42 |
| EMERSON ELEC CO | US | EMR | 729 | $71,624.25 |
| ENDAVA PLC - SPON ADR | GB | DAVA | 2,170 | $106,113.00 |
| ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 | US | 3,020,000 | $3,006,552.76 | |
| EOG RESOURCES INC | US | EOG | 532 | $68,425.84 |
| EQUINIX INC | US | EQIX | 1,406 | $1,098,620.28 |
| EQUITY COMMONWEALTH | US | EQC | 8,084 | $153,838.52 |
| EQUITY LIFESTYLE PROPERTIES | US | ELS | 4,171 | $279,290.16 |
| EVERGY INC | US | EVRG | 27,368 | $1,504,418.96 |
| EXTRA SPACE STORAGE INC | US | EXR | 2,284 | $293,905.12 |
| EXXON MOBIL CORP | US | XOM | 1,707 | $189,801.33 |
| FEDERAL NATL MTG ASSN 889576 6.00000 04/01/2038 | US | 121,813.53 | $127,754.77 | |
| FEDERAL NATL MTG ASSN AD0119 6.00000 07/01/2038 | US | 60,382.78 | $63,327.84 | |
| FEDERAL NATL MTG ASSN AD0220 6.00000 10/01/2038 | US | 27,246.95 | $28,570.54 | |
| FEDERAL NATL MTG ASSN AD0462 5.50000 10/01/2024 | US | 575.85 | $571.24 | |
| FEDERAL NATL MTG ASSN AE0951 4.50000 02/01/2041 | US | 170,147.9 | $165,872.83 | |
| FEDERAL NATL MTG ASSN AH9054 4.50000 04/01/2041 | US | 66,409.46 | $64,705.25 | |
| FEDERAL NATL MTG ASSN AL7767 4.50000 06/01/2044 | US | 524,262.32 | $510,808.65 | |
| FEDERAL NATL MTG ASSN AL8674 FLT 5.64700 01/01/2049 | US | 866,919.04 | $892,370.33 | |
| FEDERAL NATL MTG ASSN BC6764 3.50000 04/01/2046 | US | 138,649.48 | $125,994.16 | |
| FEDERAL NATL MTG ASSN BD6987 4.00000 10/01/2046 | US | 381,818.58 | $358,430.74 | |
| FEDERAL NATL MTG ASSN BW1194 4.00000 09/01/2052 | US | 3,154,673.45 | $2,914,140.58 | |
| FEDERAL NATL MTG ASSN FN FS1179 3.50000 12/01/2049 | US | 1,879,620.23 | $1,707,145.88 | |
| FEDERAL NATL MTG ASSN FN MA3412 3.50000 07/01/2038 | US | 105,998.05 | $98,799.71 | |
| FEDERAL NATL MTG ASSN FN MA4687 4.00000 06/01/2042 | US | 2,024,226.17 | $1,900,147.10 | |
| FEDERAL NATL MTG ASSN MA1834 4.50000 02/01/2034 | US | 184,217.73 | $180,706.44 | |
| FEDERAL NATL MTG ASSN MA1903 4.50000 05/01/2034 | US | 151,546.53 | $148,657.97 | |
| FEDERAL NATL MTG ASSN MA4600 3.50000 05/01/2052 | US | 2,127,742.56 | $1,905,885.65 | |
| FEDERAL NATL MTG ASSN MA4644 4.00000 05/01/2052 | US | 2,072,981.2 | $1,916,531.24 | |
| FEDERAL NATL MTG ASSN MA5043 5.00000 06/01/2038 | US | 2,239,617.7 | $2,214,019.65 | |
| FEDERAL NATL MTG ASSN SD8044 3.00000 02/01/2050 | US | 1,988,299.63 | $1,733,557.67 | |
| FEDERAL NATL MTG ASSN SD8276 5.00000 12/01/2052 | US | 3,344,789.14 | $3,243,736.40 | |
| FEDERAL NATL MTG FN MA4203 2.50000 12/01/2040 | US | 2,105,757.4 | $1,819,677.81 | |
| FEDEX CORPORATION | US | FDX | 206 | $53,770.12 |
| FHLM GOLD POOL FG G08786 4.50000 10/01/2047 | US | 381,394.95 | $369,040.03 | |
| FHLM POOL G03332 6.00000 10/01/2037 | US | 18,905.62 | $19,853.06 | |
| FHLM POOL G05900 6.00000 03/01/2040 | US | 40,180.49 | $42,194.10 | |
| FHLM POOL G05906 6.00000 04/01/2040 | US | 36,107.77 | $37,917.28 | |
| FHLM POOL G06995 6.00000 05/01/2040 | US | 119,806.38 | $125,810.38 | |
| FHLM POOL G13331 5.50000 10/01/2023 | US | 5.95 | $5.93 | |
| FHLM POOL G60034 4.50000 02/01/2045 | US | 926,119.09 | $902,114.31 | |
| FHLM POOL SD8230 4.50000 06/01/2052 | US | 1,744,310.03 | $1,655,261.21 | |
| FHR 5189 CP 2.50000 06/25/2049 | US | 1,520,271.62 | $1,287,705.01 | |
| FIFTH THIRD BANCORP | US | FITB | 1,190 | $31,594.50 |
| FINECOBANK SPA | IT | FBK IM | 20,178 | $275,781.37 |
| FLAGSHIP COMMUNITIES REIT UT | US | MHC/U CN | 7,857 | $125,712.00 |
| FLX 2021-1A A2 3.25000 11/27/2051 | US | 1,720,000 | $1,501,552.26 | |
| FMC CORP | US | FMC | 27,290 | $2,353,216.70 |
| FN DS2696 3.00000 12/01/2051 | US | 2,333,981.13 | $2,031,474.63 | |
| FN FS4925 MTGE 3.50000 04/01/2052 | US | 3,291,237.67 | $2,977,854.18 | |
| FN MA4020 MTGE 3.00000 05/01/2050 | US | 3,413,636.43 | $2,971,196.17 | |
| FN MA4733 4.50000 09/01/2052 | US | 2,270,189.5 | $2,154,318.85 | |
| FN MA4807 MTGE 5.50000 11/01/2052 | US | 1,645,657.18 | $1,628,047.07 | |
| FN MA4868 MTGE 5.00000 01/01/2053 | US | 2,989,524.9 | $2,899,212.43 | |
| FN MA4934 MTGE 5.00000 02/01/2043 | US | 3,203,746.53 | $3,139,555.30 | |
| FNR 2018-31 KP 3.50000 07/25/2047 | US | 19,059.45 | $18,339.98 | |
| FR SD1360 MTGE 5.50000 07/01/2052 | US | 3,016,897.06 | $2,983,408.66 | |
| GENERAL DYNAMICS CORP | US | GD | 330 | $74,791.20 |
| GENERAL MLS INC | US | GIS | 772 | $52,233.52 |
| GENUINE PARTS CO | US | GPC | 246 | $37,817.58 |
| GETTY REALTY CORP | US | GTY | 4,189 | $125,753.78 |
| GILEAD SCIENCES INC | US | GILD | 1,289 | $98,582.72 |
| GLOBANT SA | LU | GLOB | 632 | $129,225.04 |
| GNR 2017-54 AH MTGE 2.60000 12/16/2056 | US | 191,260.2 | $172,388.85 | |
| GOLDEN PEAR FUND HOLDCO 10.00000 03/02/2028 | US | 235,000 | $211,119.01 | |
| GOODG 2020-1A MTGE 2.63000 04/15/2055 | US | 993,605.85 | $819,174.96 | |
| GREENIDGE GEN HLD INC | US | 8,400 | $44,604.00 | |
| GSMBS 2021-INV1 A6 2.50000 12/25/2051 | US | 955,755.88 | $802,532.34 | |
| GSMBS 2021-PJ6 A8 2.50000 11/25/2051 | US | 747,133.87 | $634,606.41 | |
| GSMBS 2021-PJ9 A8 2.50000 02/26/2052 | US | 775,551.33 | $658,230.64 | |
| GSMBS 2022-PJ1 A8 2.50000 05/28/2052 | US | 1,139,193.02 | $964,312.38 | |
| HALLIBURTON CO | US | HAL | 999 | $38,581.38 |
| HALMA PLC | GB | HLMA LN | 5,082 | $137,765.11 |
| HARTFORD FINL SVCS | US | HIG | 371 | $26,645.22 |
| HAWAII ST 2.68200 10/01/2038 | US | 1,170,000 | $860,712.04 | |
| HDFC BANK LTD-ADR | IN | HDB | 4,630 | $288,495.30 |
| HEALTHCARE REALTY TRUST INC | US | HR | 4,978 | $87,214.56 |
| HEINEKEN NV | NL | HEIA NA | 3,097 | $301,060.72 |
| HEINEKEN NV-SPN ADR | NL | HEINY | 69,560 | $3,388,267.60 |
| HELIOS TOWERS PLC | GB | HTWS LN | 76,655 | $88,512.62 |
| HOME DEPOT INC | US | HD | 700 | $231,210.00 |
| HONEYWELL INTERNATIONAL INC | US | HON | 626 | $117,650.44 |
| HOTWIRE FUNDING LLC 5.68700 05/20/2053 | US | 2,800,000 | $2,729,477.24 | |
| HUNTINGTON BANCSHARES | US | HBAN | 1,873 | $20,771.57 |
| IDEXX LABORATORIES INC | US | IDXX | 4,630 | $2,367,828.30 |
| IMCD NV | NL | IMCD NA | 838 | $115,419.61 |
| IMPRL 2021-NQM3 1.59500 11/25/2056 | US | 878,898.94 | $710,606.96 | |
| INTERCONTINENTALEXCHANGE INC | US | ICE | 13,868 | $1,636,285.32 |
| INTERMEDIATE CAPITAL GROUP | GB | ICP LN | 7,160 | $122,361.53 |
| INTERNATIONAL BUSINESS MACH CORP | US | IBM | 604 | $88,685.32 |
| INTERNATIONAL FLVRS & FRAGRANCES | US | IFF | 414 | $29,166.30 |
| INTUIT INC | US | INTU | 3,406 | $1,845,404.86 |
| INTUITIVE SURGICAL INC | US | ISRG | 5,066 | $1,584,036.88 |
| INVITATION HOMES INC | US | INVH | 9,116 | $310,764.44 |
| ITALY GOV'T INT BOND 2.37500 10/17/2024 | IT | 240,000 | $230,807.28 | |
| JM SMUCKER CO/THE-NEW COM WI | US | SJM | 201 | $29,134.95 |
| JOHNSON & JOHNSON | US | JNJ | 29,946 | $4,841,669.28 |
| JP MORGAN CHASE & CO | US | JPM | 1,644 | $240,566.52 |
| JPMMT 2014-2 1A1 3.00000 06/25/2029 | US | 156,915.12 | $146,536.96 | |
| JPMORGAN CHASE & CO 4.49300 03/24/2031 | US | 3,190,000 | $3,025,501.49 | |
| KELLOGG CO | US | K | 399 | $24,346.98 |
| KEYENCE CORP | JP | 6861 JP | 500 | $207,585.91 |
| KEYWORDS STUDIOS PLC | IE | KWS LN | 4,489 | $86,721.64 |
| KIMBERLY CLARK DE MEXICO S.A.B. | MX | KIMBERA MM | 62,500 | $140,758.34 |
| KRAFT HEINZ CO/THE | US | KHC | 1,078 | $35,671.02 |
| L'OREAL | FR | OR FP | 143 | $62,810.21 |
| L3HARRIS TECHNOLOGIES INC | US | LHX | 20,524 | $3,655,119.16 |
| LEXINGTON REALTY TRUST | US | LXP | 16,153 | $158,622.46 |
| LOCKHEED MARTIN CORP | US | LMT | 252 | $112,984.20 |
| LONZA GROUP AG -REG | CH | LONN SW | 202 | $111,421.44 |
| LULULEMON - ADR | CA | LULU | 637 | $242,862.62 |
| MARATHON OIL CORP | US | MRO | 797 | $21,000.95 |
| MARATHON PETROLEUM CORP | US | MPC | 503 | $71,813.31 |
| MARRIOTT VACATIONS WORLD | US | VAC | 729 | $79,235.01 |
| MASCO CORP | US | MAS | 54,564 | $3,219,821.64 |
| MASTERCARD INC-CLASS A | US | MA | 14,244 | $5,877,644.16 |
| MEDTRONIC INC | IE | MDT | 40,340 | $3,287,710.00 |
| MERCADOLIBRE INC | BR | MELI | 201 | $275,844.36 |
| MERCK & CO INC | US | MRK | 1,840 | $200,523.20 |
| META PLATFORMS INC | US | META | 21,153 | $6,258,961.17 |
| MEX BONOS DESARR FIX RT 7.75000 05/29/2031 | MX | 1,000,000 | $53,577.01 | |
| MICROCHIP TECHNOLOGY INC | US | MCHP | 662 | $54,178.08 |
| MICRON TECHNOLOGY INC | US | MU | 72,717 | $5,085,826.98 |
| MICROSOFT CORP | US | MSFT | 6,690 | $2,192,714.40 |
| MID-AMERICA APARTMENT COMM | US | MAA | 1,084 | $157,429.32 |
| MONARCH CASINO & RESORT INC | US | MCRI | 1,916 | $129,138.40 |
| MONDELEZ INTERNATIONAL INC | US | MDLZ | 21,140 | $1,506,436.40 |
| MOODY'S CORPORATION | US | MCO | 8,320 | $2,802,176.00 |
| NAVIENT CORP 6.75000 06/25/2025 | US | 395,000 | $393,057.87 | |
| NESTLE S.A. - ADR | CH | NSRGY | 31,191 | $3,746,974.83 |
| NESTLE SA-REGISTERED | CH | NESN SW | 3,660 | $440,076.27 |
| NETAPP INC | US | NTAP | 396 | $30,373.20 |
| NEWCASTLE COAL INFRASTRU 4.40000 09/29/2027 | AU | 1,237,839.11 | $1,119,013.60 | |
| NIKE INC CLASS B | US | NKE | 12,230 | $1,243,913.30 |
| NORFOLK SOUTHN CORP | US | NSC | 240 | $49,202.40 |
| NORTHROP GRUMMAN CORP | US | NOC | 4,854 | $2,102,218.86 |
| NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 | CA | 380,000 | $38.00 | |
| NOVARTIS AG- REG | CH | NVS | 18,554 | $1,864,305.92 |
| NRG 7.467 07/31/28 CORP 7.46700 07/31/2028 | US | 1,200,000 | $1,215,636.22 | |
| NRZT 2014-3A AFX3 3.75000 11/25/2054 | US | 215,190.9 | $195,384.69 | |
| NRZT 2015-2A A1 3.75000 08/25/2055 | US | 256,560.09 | $236,611.23 | |
| NRZT 2016-4A A1 3.75000 11/25/2056 | US | 506,244.32 | $460,797.50 | |
| NYMT 2022-CP1 A1 2.04240 07/25/2061 | US | 977,478.05 | $871,838.77 | |
| OASIS 2023-1A 7.00000 02/15/2035 | US | 885,460.62 | $881,198.63 | |
| OBX 2022-INV1 A1 3.00000 12/25/2051 | US | 1,222,770.62 | $1,005,727.66 | |
| ODFJELL DRILLING LTD 9.25000 05/31/2028 | BM | 400,000 | $405,289.93 | |
| OMNICOM GROUP | US | OMC | 368 | $29,811.68 |
| OXFIN 2020-1A A2 3.10100 02/15/2028 | US | 529,896.43 | $510,600.62 | |
| OXFIN 2022-1A 3.60200 02/15/2030 | US | 1,650,000 | $1,524,009.14 | |
| OXFIN 2023-1A A2 6.71600 02/15/2031 | US | 2,100,000 | $2,070,547.08 | |
| PACKAGING CORP OF AMERICA | US | PKG | 174 | $25,943.40 |
| PALOMINO FUNDING TRUST I 7.23300 05/17/2028 | US | 2,490,000 | $2,522,626.05 | |
| PARAMOUNT GLOBAL CLASS B | US | PARA | 1,053 | $15,889.77 |
| PEAR 2021-1 A MTGE 2.60000 01/15/2034 | US | 1,219,640.63 | $1,160,188.39 | |
| PEAR 2022-1 A1 6.50000 10/15/2034 | US | 126,799.87 | $126,736.24 | |
| PEAR 2023-1A 7.42000 07/15/2035 | US | 1,180,789.46 | $1,179,200.94 | |
| PELORUS FUND REIT 7.00000 09/30/2026 | US | 55,000 | $52,332.22 | |
| PEPSICO INC 3.90000 07/18/2032 | US | 2,540,000 | $2,409,133.03 | |
| PFIZER INC | US | PFE | 3,440 | $121,707.20 |
| PFMT 2021 -INV1 A1 2.50000 08/25/2051 | US | 1,515,508.77 | $1,205,694.68 | |
| PFMT 2021-2 A2A 2.00000 04/25/2051 | US | 909,123.42 | $760,493.46 | |
| PHILLIPS 66 | US | PSX | 414 | $47,262.24 |
| PHYSICIANS REALTY TRUST | US | DOC | 6,602 | $91,833.82 |
| PMTLT 2013-J1 a9 3.50000 09/25/2043 | US | 215,462.52 | $190,413.74 | |
| PPG INDUSTRIES INC | US | PPG | 274 | $38,842.24 |
| PROLOGIS | US | PLD | 8,442 | $1,048,496.40 |
| PUBLIC STORAGE INC | US | PSA | 1,414 | $390,801.32 |
| QUALCOMM INC | US | QCOM | 1,095 | $125,410.35 |
| QUALCOMM INC 4.25000 05/20/2032 | US | 2,200,000 | $2,111,838.19 | |
| QUEST DIAGNOSTICS INC | US | DGX | 224 | $29,456.00 |
| RAYTHEON TECHNOLOGIES CORP | US | RTX | 954 | $82,082.16 |
| RCKT 2021-6 A1 2.50000 12/25/2051 | US | 1,960,921.66 | $1,547,567.22 | |
| REALTY INCOME CORP | US | O | 4,043 | $226,569.72 |
| REGIONS FINANCIAL CORP. | US | RF | 1,792 | $32,865.28 |
| RENAISSANCERE HOLDINGS LTD | BM | RNR | 1,309 | $245,948.01 |
| RENTOKIL INITIAL PLC | GB | RTO LN | 42,940 | $326,922.48 |
| RENTOKIL INITIAL PLC-SP ADR | GB | RTO | 38,041 | $1,443,655.95 |
| REXFORD INDUSTRIAL REALITY IN | US | REXR | 3,520 | $188,214.40 |
| S&P GLOBAL INC | US | SPGI | 2,817 | $1,101,052.62 |
| SALESFORCE INC | US | CRM | 7,108 | $1,574,137.68 |
| SBA COMMUNICATIONS CORP | US | SBAC | 1,800 | $404,154.00 |
| SBA TOWER TRUST 1.88400 01/15/2026 | US | 1,730,000 | $1,561,906.11 | |
| SBA TOWER TRUST 6.59900 01/15/2028 | US | 1,785,000 | $1,812,232.67 | |
| SCHLUMBERGER LTD | NL | SLB | 1,120 | $66,035.20 |
| SCML 2019-SBC8 2.86000 04/25/2041 | US | 986,772.93 | $902,437.89 | |
| SEMT 2013-2 1.87400 02/25/2043 | US | 106,255.72 | $88,277.03 | |
| SEMT 2013-6 A2 3.00000 05/25/2043 | US | 291,088.18 | $250,134.88 | |
| SEMT 2013-7 A2 3.00000 06/25/2043 | US | 117,788.01 | $102,484.25 | |
| SEMT 2013-8 A1 3.00000 06/25/2043 | US | 142,974.53 | $123,749.03 | |
| SERVICENOW INC | US | NOW | 5,667 | $3,336,899.61 |
| SIMON PROPERTY GROUP LP 2.65000 02/01/2032 | US | 4,510,000 | $3,626,987.82 | |
| SKYWORKS SOLUTIONS INC | US | SWKS | 237 | $25,771.38 |
| SMB 2020-BA A1A 1.29000 07/15/2053 | US | 852,328.63 | $761,590.70 | |
| SOFI 2018-B A2FX MTGE 3.34000 08/25/2047 | US | 163,505.33 | $158,874.90 | |
| SONY CORP FIRST SECTION | JP | 6758 JP | 2,600 | $216,300.53 |
| SORT 2020-1 A1 MTGE 1.69000 07/15/2060 | US | 921,938.3 | $833,443.56 | |
| SORT 2020-1 A2 1.99000 07/15/2060 | US | 771,585.05 | $649,974.30 | |
| SOUTH CAROLINA ST PUBLIC SVC 2.32900 12/01/2028 | US | 770,000 | $657,786.04 | |
| SRPT 2014-STAR A FLTG RATE 8.50000 11/15/2027 | US | 1,376,287.47 | $981,767.01 | |
| STAG INDUSTRIAL INC | US | STAG | 2,622 | $95,781.66 |
| SUN COMMUNITIES | US | SUI | 3,035 | $371,544.70 |
| SYNCHRONOSS TECH | US | 7,590 | $138,897.00 | |
| SYSCO CORP | US | SYY | 503 | $35,033.95 |
| TAIWAN SEMICONDUCTOR - SP ADR | TW | TSM | 30,822 | $2,884,014.54 |
| TE CONNECTIVITY LIMITED | CH | TEL | 363 | $48,057.57 |
| TECHTRONIC INDUSTRIES CO LTD | HK | 669 HK | 17,000 | $167,665.65 |
| TENCENT HOLDINGS 3.97500 04/11/2029 | KY | 5,250,000 | $4,835,169.47 | |
| TENCENT HOLDINGS LTD | CN | 700 HK | 7,800 | $323,234.86 |
| TERRENO REALTY CORP | US | TRNO | 2,874 | $174,997.86 |
| TEXAS INSTRUMENTS INC | US | TXN | 637 | $107,054.22 |
| THERMO FISHER SCIENTIFIC INC | US | TMO | 2,708 | $1,508,626.80 |
| TOKYO ELECTRON LTD | JP | 8035 JP | 1,200 | $178,230.80 |
| TPMT 2016-5 A1 2.50000 10/25/2056 | US | 110,158.52 | $108,595.35 | |
| TPMT 2017-1 A1 2.75000 10/25/2056 | US | 51,029.57 | $50,393.65 | |
| TPMT 2019-HY1 A1 6.42943 10/25/2048 | US | 224,210.9 | $223,569.23 | |
| TRAVELLERS COS INC | US | TRV | 324 | $52,238.52 |
| TREASURY BOND 2.37500 02/15/2042 | US | 15,935,000 | $11,859,125.78 | |
| TREASURY NOTE 2.25000 11/15/2027 | US | 16,370,000 | $15,051,447.74 | |
| TRUIST FINANCIAL CORP | US | TFC | 1,243 | $37,973.65 |
| TSY INFL IX N/B 0.12500 01/15/2031 | US | 5,297,756.4 | $4,641,124.29 | |
| TSY INFL IX N/B 0.50000 04/15/2024 | US | 11,411,571.75 | $11,166,985.94 | |
| TSY INFL IX N/B 2.37500 01/15/2027 | US | 5,575,220.75 | $5,575,033.87 | |
| TYSON FOODS INC -CL A | US | TSN | 499 | $26,581.73 |
| U.S. BANCORP | US | USB | 1,673 | $61,114.69 |
| UDR INC | US | UDR | 5,950 | $237,405.00 |
| UNILEVER PLC - ADR | GB | UL | 75,676 | $3,860,989.52 |
| UNION PAC CORP | US | UNP | 8,135 | $1,794,336.95 |
| UNITED AIR 2018-1 B PTT 4.60000 03/01/2026 | US | 55,583.2 | $52,516.08 | |
| UNITED AIR 2019-2 B PTT 3.50000 05/01/2028 | US | 340,592.94 | $307,173.70 | |
| UNITED PARCEL SERVICE | US | UPS | 609 | $103,164.60 |
| US CLAIMS LIT FNDG LLC 10.25000 03/17/2028 | US | 250,000 | $229,194.26 | |
| US TEASURY NOTE 1.75000 11/15/2029 | US | 17,185,000 | $14,945,579.69 | |
| US TREASURY N/B 0.87500 11/15/2030 | US | 14,895,000 | $11,925,309.38 | |
| US TREASURY N/B 2.00000 11/15/2026 | US | 12,770,000 | $11,822,226.56 | |
| US TREASURY N/B 3.12500 11/15/2028 | US | 17,270,000 | $16,349,832.81 | |
| US TREASURY N/B 4.12500 11/15/2032 | US | 9,339,000 | $9,337,540.78 | |
| VALERO ENERGY | US | VLO | 318 | $41,308.20 |
| VENTAS INC | US | VTR | 2,955 | $129,074.40 |
| VERTEX PHARMACEUTICALS INC | US | VRTX | 5,348 | $1,862,922.32 |
| VISA INC - CLASS A SHARES | US | V | 17,002 | $4,177,051.36 |
| WARNERMEDIA HOLDINGS INC 4.05400 03/15/2029 | US | 3,340,000 | $3,070,142.76 | |
| WELLS FARGO COMPANY | US | WFC | 2,375 | $98,063.75 |
| WELLTOWER INC. | US | WELL | 3,067 | $254,192.96 |
| WIN 2015-1 A1 3.50000 01/20/2045 | US | 77,313.26 | $69,005.20 |
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
$36.24
Daily $ Change
$0.02
Daily % Change
0.06%
as of 09/22/2023
CUSIP
563821131
Inception Date
01/01/2000
This fund is only available for use within certain qualified employee benefit plans.
Important Documents
| Applications & Forms | |
| Fact Sheet | |
| Annual Report |
Investment Objective
To provide equal emphasis on long-term capital growth and capital preservation.
Investment Strategy
The portfolio is invested in a moderately conservative mix of securities that seeks to balance growth and capital preservation for a more stable rate of return relative to an investment in the stock market. Holdings are diversified primarily among intermediate to long-term fixed income securities. Because this fund is designed to moderate risk, stocks will typically be a minority in the portfolio, unless the fund manager’s analysis shows that the stock market is especially attractive.
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 want long-term capital growth and who seek to minimize extreme declines in account value
- Who have a moderate tolerance for capital risk
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.
YTD
5.94%
1 Year
3.63%
3 Year
0.87%
5 Year
4.46%
10 Year
4.56%
Inception
(01/01/2000)
5.67%
Performance data quoted represents past performance and does not guarantee future results. Performance for periods greater than one year is annualized. Your investment may fluctuate in value and there is a potential for loss as well as profit.
Returns are net of Pro-Mix® CIT Class S expenses.
Expense Ratio
| Gross | 0.91% |
| Net | 0.90%* |
*Reflects the Trustee’s contractual agreement to limit fees and voluntary agreement to reimburse certain expenses.
| TREASURY NOTES | 20.29% |
| GOVERNMENT AGENCY | 11.77% |
| TREASURY BONDS | 3.03% |
| TSY INFL IX N/B 0.50000 04/15/2024 | 2.85% |
| AMAZON.COM INC | 1.85% |
| META PLATFORMS INC | 1.60% |
| MASTERCARD INC-CLASS A | 1.50% |
| TSY INFL IX N/B 2.37500 01/15/2027 | 1.42% |
| ALPHABET INC-CL A | 1.41% |
| MICRON TECHNOLOGY INC | 1.30% |
This investment list is unaudited and excludes cash.
| Bonds | 60.04% | |
| Stocks | 36.69% | |
| Cash | 3.27% |
| International Equities | 9.23% | |
| Small Capitalization | 0.35% | |
| Mid Capitalization | 3.43% | |
| Large Capitalization | 23.69% | |
| Long Term Fixed Income | 11.60% | |
| Intermediate Term Fixed Income | 45.04% | |
| Short Term Fixed Income | 3.39% | |
| Cash | 3.27% |
Due to rounding, the sum of the detailed asset class allocation categories may not equal the asset allocation totals provided above.
| Security Description | Country | Ticker | Shares/Par | Market Value (USD) |
|---|---|---|---|---|
| 3M CO | US | MMM | 639 | $68,162.13 |
| ABBOTT LABORATORIES | US | ABT | 1,187 | $122,142.30 |
| ADMIRAL GROUP PLC | GB | ADM LN | 14,626 | $460,777.80 |
| ADMIRAL GROUP PLC ADR | GB | AMIGY | 52,697 | $1,660,218.99 |
| AERCAP IRELAND CAP/GLOBA 3.00000 10/29/2028 | IE | 1,500,000 | $1,300,029.11 | |
| AGREE REALTY CORP | US | ADC | 4,727 | $292,223.14 |
| AIR LIQUIDE | FR | AI FP | 1,326 | $239,576.63 |
| AIRBUS SE | FR | AIR FP | 1,651 | $241,552.97 |
| ALASKA AIR 2020-1 CL B 8.00000 08/15/2025 | US | 81,008.43 | $81,505.57 | |
| ALCON INC | CH | ALC | 22,609 | $1,876,320.91 |
| ALIBAB GROUP HOLDINGS 2.12500 02/09/2031 | KY | 700,000 | $561,239.40 | |
| ALIBABA GROUP HOLDING 4.00000 12/06/2037 | KY | 2,890,000 | $2,346,770.95 | |
| ALPHABET INC-CL A | US | GOOGL | 40,571 | $5,524,553.07 |
| AMAZON.COM INC | US | AMZN | 52,409 | $7,232,966.09 |
| AMAZON.COM INC 3.30000 04/13/2027 | US | 2,330,000 | $2,217,269.54 | |
| AMERICAN HOMES 4 RENT- A | US | AMH | 2,935 | $105,777.40 |
| AMERICAN TOWER REIT INC | US | AMT | 1,329 | $240,974.28 |
| AMERICOLD REALTY TRUST | US | COLD | 10,093 | $339,629.45 |
| ANALOG DEVICES INC | US | ADI | 546 | $99,251.88 |
| APARTMENT INCOME REIT CO | US | AIRC | 2,503 | $85,252.18 |
| APPLIED MATERIALS INC | US | AMAT | 10,246 | $1,565,178.96 |
| ARCHER-DANIELS-MIDLAND CO | US | ADM | 663 | $52,575.90 |
| ASHTEAD CAPITAL INC 4.00000 05/01/2028 | US | 1,430,000 | $1,321,637.92 | |
| ASTRAZENECA | GB | AZN | 3,818 | $258,936.76 |
| ATLASSIAN CORP PLC-CLASS A | AU | TEAM | 886 | $180,797.16 |
| AUCKLAND INTL AIRPORT LTD | NZ | AIA NZ | 28,490 | $132,649.03 |
| AUTO TRADER GROUP PLC | GB | AUTO LN | 39,787 | $305,105.16 |
| AVALONBAY COMMUNITIES INC | US | AVB | 1,537 | $282,531.34 |
| AVANZA BANK HOLDING AB | SE | AZA SS | 10,082 | $194,656.23 |
| BAE SYSTEMS PLC | GB | BA/ LN | 31,962 | $406,805.03 |
| BAE SYSTEMS PLC -SPON ADR | GB | BAESY | 29,376 | $1,520,795.52 |
| BANK OF AMERICA CORP | US | BAC | 4,695 | $134,605.65 |
| BANK OF AMERICA CORP 2.68700 04/22/2032 | US | 2,220,000 | $1,815,451.58 | |
| BAXTER INTERNATIONAL INC | US | BAX | 655 | $26,593.00 |
| BEIERSDORF AG | DE | BEI GR | 2,177 | $285,045.90 |
| BIOMARIN PHARMACEUTICAL INC | US | BMRN | 23,737 | $2,169,087.06 |
| BNSF FUNDING TRUST I 6.61300 12/15/2055 | US | 1,070,000 | $1,044,882.51 | |
| BRISTOL MYERS SQUIBB CO | US | BMY | 1,748 | $107,764.20 |
| BROADCOM INC | US | AVGO | 212 | $195,652.68 |
| BROADRIDGE FINANCIAL SOLUTIONS | US | BR | 201 | $37,428.21 |
| BROOGE PETROLEUM AND GAS 8.50000 09/24/2025 | AE | 280,154 | $243,733.97 | |
| BUNGE LIMITED | US | BG | 260 | $29,723.20 |
| C.H. ROBINSON WORLDWIDE INC | US | CHRW | 261 | $23,602.23 |
| CAALT 2021-3A B MTGE 1.38000 07/15/2030 | US | 1,950,000 | $1,845,376.32 | |
| CALDERYS FINANCING LLC 11.25000 06/01/2028 | US | 375,000 | $384,791.21 | |
| CAMPBELL SOUP CO | US | CPB | 568 | $23,685.60 |
| CANADIAN NATIONAL RAILWAY CO | CA | CNI | 14,239 | $1,603,453.79 |
| CARETRUST REIT INC | US | CTRE | 7,841 | $157,996.15 |
| CATERPILLAR INC | US | CAT | 535 | $150,404.55 |
| CBOE GLOBAL MARKETS INC | US | CBOE | 10,858 | $1,625,551.18 |
| CELLNEX TELECOM SA | ES | CLNX SM | 7,855 | $300,418.05 |
| CELLNEX TELECOM SAU-UNSP ADR | ES | CLLNY | 9,649 | $184,102.92 |
| CENOVUS ENERGY INC 6.75000 11/15/2039 | CA | 1,740,000 | $1,805,159.68 | |
| CHEVRON CORP | US | CVX | 1,062 | $171,088.20 |
| CIM 2019-INV1 A1 4.00000 02/25/2049 | US | 25,516.93 | $23,880.42 | |
| CISCO SYSTEMS INC | US | CSCO | 3,142 | $180,193.70 |
| CITIGROUP INC | US | C | 2,108 | $87,039.32 |
| CITIGROUP INC 1.46200 06/09/2027 | US | 1,860,000 | $1,655,756.34 | |
| CLARK CNTY NV 1.51000 11/01/2028 | US | 2,040,000 | $1,728,591.98 | |
| CLEANAWAY WASTE MANAGEMENT | AU | CWY AU | 136,027 | $230,210.78 |
| COCA COLA CO/THE | US | KO | 75,396 | $4,510,942.68 |
| COGNIZANT TECH SOLUTIONS - A | US | CTSH | 525 | $37,595.25 |
| COLGATE-PALMOLIVE CO | US | CL | 936 | $68,767.92 |
| COLO 2021-2A A2 MTGE 2.40000 10/25/2051 | US | 1,060,000 | $917,212.89 | |
| COLO 2023 - 1A A2 MTGE 5.11600 02/25/2053 | US | 1,350,000 | $1,240,142.21 | |
| COMCAST CORP-CL A | US | CMCSA | 3,341 | $156,225.16 |
| COMMUNITY HEALTHCARE TRUST I | US | CHCT | 4,815 | $159,809.85 |
| CONAGRA BRAND INC. | US | CAG | 868 | $25,935.84 |
| CONOCOPHILLIPS | US | COP | 910 | $108,317.30 |
| COPART INC | US | CPRT | 43,628 | $1,955,843.24 |
| CORNING INC | US | GLW | 882 | $28,947.24 |
| COTERRA ENERGY INC | US | CTRA | 1,087 | $30,642.53 |
| COUSINS PROPERTIES INC | US | CUZ | 2,521 | $59,243.50 |
| CSMC 2013-IVR3 A1 2.50000 05/25/2043 | US | 199,945.05 | $168,015.98 | |
| CSMC 2013-TH1 A1 2.13000 02/25/2043 | US | 114,516.23 | $95,492.22 | |
| CSX CORP | US | CSX | 51,005 | $1,540,351.00 |
| CUMMINS INC | US | CMI | 235 | $54,059.40 |
| CVS HEALTH CORP | US | CVS | 889 | $57,936.13 |
| DEUTSCHE BOERSE AG | DE | DB1 GR | 1,859 | $330,017.07 |
| DEUTSCHE BOERSE AG ADR | DE | DBOEY | 79,213 | $1,402,862.23 |
| DEVON ENERGY CORPORATION | US | DVN | 748 | $38,215.32 |
| DIAGEO PLC | GB | DGE LN | 5,823 | $238,469.44 |
| DIAMONDBACK ENERGY INC | US | FANG | 232 | $35,212.96 |
| DOLLAR GENERAL CORP | US | DG | 14,657 | $2,029,994.50 |
| DOLLARAMA INC | CA | DOL CN | 1,780 | $115,412.82 |
| DOW INC | US | DOW | 761 | $41,520.16 |
| DREYFUS GVT CSH MANAGEMENT | US | 13,244,197.35 | $13,244,197.35 | |
| EBAY INC | US | EBAY | 750 | $33,585.00 |
| ELECTRONIC ARTS | US | EA | 29,879 | $3,584,882.42 |
| EMERSON ELEC CO | US | EMR | 729 | $71,624.25 |
| ENDAVA PLC - SPON ADR | GB | DAVA | 2,170 | $106,113.00 |
| ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 | US | 3,020,000 | $3,006,552.76 | |
| EOG RESOURCES INC | US | EOG | 532 | $68,425.84 |
| EQUINIX INC | US | EQIX | 1,406 | $1,098,620.28 |
| EQUITY COMMONWEALTH | US | EQC | 8,084 | $153,838.52 |
| EQUITY LIFESTYLE PROPERTIES | US | ELS | 4,171 | $279,290.16 |
| EVERGY INC | US | EVRG | 27,368 | $1,504,418.96 |
| EXTRA SPACE STORAGE INC | US | EXR | 2,284 | $293,905.12 |
| EXXON MOBIL CORP | US | XOM | 1,707 | $189,801.33 |
| FEDERAL NATL MTG ASSN 889576 6.00000 04/01/2038 | US | 121,813.53 | $127,754.77 | |
| FEDERAL NATL MTG ASSN AD0119 6.00000 07/01/2038 | US | 60,382.78 | $63,327.84 | |
| FEDERAL NATL MTG ASSN AD0220 6.00000 10/01/2038 | US | 27,246.95 | $28,570.54 | |
| FEDERAL NATL MTG ASSN AD0462 5.50000 10/01/2024 | US | 575.85 | $571.24 | |
| FEDERAL NATL MTG ASSN AE0951 4.50000 02/01/2041 | US | 170,147.9 | $165,872.83 | |
| FEDERAL NATL MTG ASSN AH9054 4.50000 04/01/2041 | US | 66,409.46 | $64,705.25 | |
| FEDERAL NATL MTG ASSN AL7767 4.50000 06/01/2044 | US | 524,262.32 | $510,808.65 | |
| FEDERAL NATL MTG ASSN AL8674 FLT 5.64700 01/01/2049 | US | 866,919.04 | $892,370.33 | |
| FEDERAL NATL MTG ASSN BC6764 3.50000 04/01/2046 | US | 138,649.48 | $125,994.16 | |
| FEDERAL NATL MTG ASSN BD6987 4.00000 10/01/2046 | US | 381,818.58 | $358,430.74 | |
| FEDERAL NATL MTG ASSN BW1194 4.00000 09/01/2052 | US | 3,154,673.45 | $2,914,140.58 | |
| FEDERAL NATL MTG ASSN FN FS1179 3.50000 12/01/2049 | US | 1,879,620.23 | $1,707,145.88 | |
| FEDERAL NATL MTG ASSN FN MA3412 3.50000 07/01/2038 | US | 105,998.05 | $98,799.71 | |
| FEDERAL NATL MTG ASSN FN MA4687 4.00000 06/01/2042 | US | 2,024,226.17 | $1,900,147.10 | |
| FEDERAL NATL MTG ASSN MA1834 4.50000 02/01/2034 | US | 184,217.73 | $180,706.44 | |
| FEDERAL NATL MTG ASSN MA1903 4.50000 05/01/2034 | US | 151,546.53 | $148,657.97 | |
| FEDERAL NATL MTG ASSN MA4600 3.50000 05/01/2052 | US | 2,127,742.56 | $1,905,885.65 | |
| FEDERAL NATL MTG ASSN MA4644 4.00000 05/01/2052 | US | 2,072,981.2 | $1,916,531.24 | |
| FEDERAL NATL MTG ASSN MA5043 5.00000 06/01/2038 | US | 2,239,617.7 | $2,214,019.65 | |
| FEDERAL NATL MTG ASSN SD8044 3.00000 02/01/2050 | US | 1,988,299.63 | $1,733,557.67 | |
| FEDERAL NATL MTG ASSN SD8276 5.00000 12/01/2052 | US | 3,344,789.14 | $3,243,736.40 | |
| FEDERAL NATL MTG FN MA4203 2.50000 12/01/2040 | US | 2,105,757.4 | $1,819,677.81 | |
| FEDEX CORPORATION | US | FDX | 206 | $53,770.12 |
| FHLM GOLD POOL FG G08786 4.50000 10/01/2047 | US | 381,394.95 | $369,040.03 | |
| FHLM POOL G03332 6.00000 10/01/2037 | US | 18,905.62 | $19,853.06 | |
| FHLM POOL G05900 6.00000 03/01/2040 | US | 40,180.49 | $42,194.10 | |
| FHLM POOL G05906 6.00000 04/01/2040 | US | 36,107.77 | $37,917.28 | |
| FHLM POOL G06995 6.00000 05/01/2040 | US | 119,806.38 | $125,810.38 | |
| FHLM POOL G13331 5.50000 10/01/2023 | US | 5.95 | $5.93 | |
| FHLM POOL G60034 4.50000 02/01/2045 | US | 926,119.09 | $902,114.31 | |
| FHLM POOL SD8230 4.50000 06/01/2052 | US | 1,744,310.03 | $1,655,261.21 | |
| FHR 5189 CP 2.50000 06/25/2049 | US | 1,520,271.62 | $1,287,705.01 | |
| FIFTH THIRD BANCORP | US | FITB | 1,190 | $31,594.50 |
| FINECOBANK SPA | IT | FBK IM | 20,178 | $275,781.37 |
| FLAGSHIP COMMUNITIES REIT UT | US | MHC/U CN | 7,857 | $125,712.00 |
| FLX 2021-1A A2 3.25000 11/27/2051 | US | 1,720,000 | $1,501,552.26 | |
| FMC CORP | US | FMC | 27,290 | $2,353,216.70 |
| FN DS2696 3.00000 12/01/2051 | US | 2,333,981.13 | $2,031,474.63 | |
| FN FS4925 MTGE 3.50000 04/01/2052 | US | 3,291,237.67 | $2,977,854.18 | |
| FN MA4020 MTGE 3.00000 05/01/2050 | US | 3,413,636.43 | $2,971,196.17 | |
| FN MA4733 4.50000 09/01/2052 | US | 2,270,189.5 | $2,154,318.85 | |
| FN MA4807 MTGE 5.50000 11/01/2052 | US | 1,645,657.18 | $1,628,047.07 | |
| FN MA4868 MTGE 5.00000 01/01/2053 | US | 2,989,524.9 | $2,899,212.43 | |
| FN MA4934 MTGE 5.00000 02/01/2043 | US | 3,203,746.53 | $3,139,555.30 | |
| FNR 2018-31 KP 3.50000 07/25/2047 | US | 19,059.45 | $18,339.98 | |
| FR SD1360 MTGE 5.50000 07/01/2052 | US | 3,016,897.06 | $2,983,408.66 | |
| GENERAL DYNAMICS CORP | US | GD | 330 | $74,791.20 |
| GENERAL MLS INC | US | GIS | 772 | $52,233.52 |
| GENUINE PARTS CO | US | GPC | 246 | $37,817.58 |
| GETTY REALTY CORP | US | GTY | 4,189 | $125,753.78 |
| GILEAD SCIENCES INC | US | GILD | 1,289 | $98,582.72 |
| GLOBANT SA | LU | GLOB | 632 | $129,225.04 |
| GNR 2017-54 AH MTGE 2.60000 12/16/2056 | US | 191,260.2 | $172,388.85 | |
| GOLDEN PEAR FUND HOLDCO 10.00000 03/02/2028 | US | 235,000 | $211,119.01 | |
| GOODG 2020-1A MTGE 2.63000 04/15/2055 | US | 993,605.85 | $819,174.96 | |
| GREENIDGE GEN HLD INC | US | 8,400 | $44,604.00 | |
| GSMBS 2021-INV1 A6 2.50000 12/25/2051 | US | 955,755.88 | $802,532.34 | |
| GSMBS 2021-PJ6 A8 2.50000 11/25/2051 | US | 747,133.87 | $634,606.41 | |
| GSMBS 2021-PJ9 A8 2.50000 02/26/2052 | US | 775,551.33 | $658,230.64 | |
| GSMBS 2022-PJ1 A8 2.50000 05/28/2052 | US | 1,139,193.02 | $964,312.38 | |
| HALLIBURTON CO | US | HAL | 999 | $38,581.38 |
| HALMA PLC | GB | HLMA LN | 5,082 | $137,765.11 |
| HARTFORD FINL SVCS | US | HIG | 371 | $26,645.22 |
| HAWAII ST 2.68200 10/01/2038 | US | 1,170,000 | $860,712.04 | |
| HDFC BANK LTD-ADR | IN | HDB | 4,630 | $288,495.30 |
| HEALTHCARE REALTY TRUST INC | US | HR | 4,978 | $87,214.56 |
| HEINEKEN NV | NL | HEIA NA | 3,097 | $301,060.72 |
| HEINEKEN NV-SPN ADR | NL | HEINY | 69,560 | $3,388,267.60 |
| HELIOS TOWERS PLC | GB | HTWS LN | 76,655 | $88,512.62 |
| HOME DEPOT INC | US | HD | 700 | $231,210.00 |
| HONEYWELL INTERNATIONAL INC | US | HON | 626 | $117,650.44 |
| HOTWIRE FUNDING LLC 5.68700 05/20/2053 | US | 2,800,000 | $2,729,477.24 | |
| HUNTINGTON BANCSHARES | US | HBAN | 1,873 | $20,771.57 |
| IDEXX LABORATORIES INC | US | IDXX | 4,630 | $2,367,828.30 |
| IMCD NV | NL | IMCD NA | 838 | $115,419.61 |
| IMPRL 2021-NQM3 1.59500 11/25/2056 | US | 878,898.94 | $710,606.96 | |
| INTERCONTINENTALEXCHANGE INC | US | ICE | 13,868 | $1,636,285.32 |
| INTERMEDIATE CAPITAL GROUP | GB | ICP LN | 7,160 | $122,361.53 |
| INTERNATIONAL BUSINESS MACH CORP | US | IBM | 604 | $88,685.32 |
| INTERNATIONAL FLVRS & FRAGRANCES | US | IFF | 414 | $29,166.30 |
| INTUIT INC | US | INTU | 3,406 | $1,845,404.86 |
| INTUITIVE SURGICAL INC | US | ISRG | 5,066 | $1,584,036.88 |
| INVITATION HOMES INC | US | INVH | 9,116 | $310,764.44 |
| ITALY GOV'T INT BOND 2.37500 10/17/2024 | IT | 240,000 | $230,807.28 | |
| JM SMUCKER CO/THE-NEW COM WI | US | SJM | 201 | $29,134.95 |
| JOHNSON & JOHNSON | US | JNJ | 29,946 | $4,841,669.28 |
| JP MORGAN CHASE & CO | US | JPM | 1,644 | $240,566.52 |
| JPMMT 2014-2 1A1 3.00000 06/25/2029 | US | 156,915.12 | $146,536.96 | |
| JPMORGAN CHASE & CO 4.49300 03/24/2031 | US | 3,190,000 | $3,025,501.49 | |
| KELLOGG CO | US | K | 399 | $24,346.98 |
| KEYENCE CORP | JP | 6861 JP | 500 | $207,585.91 |
| KEYWORDS STUDIOS PLC | IE | KWS LN | 4,489 | $86,721.64 |
| KIMBERLY CLARK DE MEXICO S.A.B. | MX | KIMBERA MM | 62,500 | $140,758.34 |
| KRAFT HEINZ CO/THE | US | KHC | 1,078 | $35,671.02 |
| L'OREAL | FR | OR FP | 143 | $62,810.21 |
| L3HARRIS TECHNOLOGIES INC | US | LHX | 20,524 | $3,655,119.16 |
| LEXINGTON REALTY TRUST | US | LXP | 16,153 | $158,622.46 |
| LOCKHEED MARTIN CORP | US | LMT | 252 | $112,984.20 |
| LONZA GROUP AG -REG | CH | LONN SW | 202 | $111,421.44 |
| LULULEMON - ADR | CA | LULU | 637 | $242,862.62 |
| MARATHON OIL CORP | US | MRO | 797 | $21,000.95 |
| MARATHON PETROLEUM CORP | US | MPC | 503 | $71,813.31 |
| MARRIOTT VACATIONS WORLD | US | VAC | 729 | $79,235.01 |
| MASCO CORP | US | MAS | 54,564 | $3,219,821.64 |
| MASTERCARD INC-CLASS A | US | MA | 14,244 | $5,877,644.16 |
| MEDTRONIC INC | IE | MDT | 40,340 | $3,287,710.00 |
| MERCADOLIBRE INC | BR | MELI | 201 | $275,844.36 |
| MERCK & CO INC | US | MRK | 1,840 | $200,523.20 |
| META PLATFORMS INC | US | META | 21,153 | $6,258,961.17 |
| MEX BONOS DESARR FIX RT 7.75000 05/29/2031 | MX | 1,000,000 | $53,577.01 | |
| MICROCHIP TECHNOLOGY INC | US | MCHP | 662 | $54,178.08 |
| MICRON TECHNOLOGY INC | US | MU | 72,717 | $5,085,826.98 |
| MICROSOFT CORP | US | MSFT | 6,690 | $2,192,714.40 |
| MID-AMERICA APARTMENT COMM | US | MAA | 1,084 | $157,429.32 |
| MONARCH CASINO & RESORT INC | US | MCRI | 1,916 | $129,138.40 |
| MONDELEZ INTERNATIONAL INC | US | MDLZ | 21,140 | $1,506,436.40 |
| MOODY'S CORPORATION | US | MCO | 8,320 | $2,802,176.00 |
| NAVIENT CORP 6.75000 06/25/2025 | US | 395,000 | $393,057.87 | |
| NESTLE S.A. - ADR | CH | NSRGY | 31,191 | $3,746,974.83 |
| NESTLE SA-REGISTERED | CH | NESN SW | 3,660 | $440,076.27 |
| NETAPP INC | US | NTAP | 396 | $30,373.20 |
| NEWCASTLE COAL INFRASTRU 4.40000 09/29/2027 | AU | 1,237,839.11 | $1,119,013.60 | |
| NIKE INC CLASS B | US | NKE | 12,230 | $1,243,913.30 |
| NORFOLK SOUTHN CORP | US | NSC | 240 | $49,202.40 |
| NORTHROP GRUMMAN CORP | US | NOC | 4,854 | $2,102,218.86 |
| NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 | CA | 380,000 | $38.00 | |
| NOVARTIS AG- REG | CH | NVS | 18,554 | $1,864,305.92 |
| NRG 7.467 07/31/28 CORP 7.46700 07/31/2028 | US | 1,200,000 | $1,215,636.22 | |
| NRZT 2014-3A AFX3 3.75000 11/25/2054 | US | 215,190.9 | $195,384.69 | |
| NRZT 2015-2A A1 3.75000 08/25/2055 | US | 256,560.09 | $236,611.23 | |
| NRZT 2016-4A A1 3.75000 11/25/2056 | US | 506,244.32 | $460,797.50 | |
| NYMT 2022-CP1 A1 2.04240 07/25/2061 | US | 977,478.05 | $871,838.77 | |
| OASIS 2023-1A 7.00000 02/15/2035 | US | 885,460.62 | $881,198.63 | |
| OBX 2022-INV1 A1 3.00000 12/25/2051 | US | 1,222,770.62 | $1,005,727.66 | |
| ODFJELL DRILLING LTD 9.25000 05/31/2028 | BM | 400,000 | $405,289.93 | |
| OMNICOM GROUP | US | OMC | 368 | $29,811.68 |
| OXFIN 2020-1A A2 3.10100 02/15/2028 | US | 529,896.43 | $510,600.62 | |
| OXFIN 2022-1A 3.60200 02/15/2030 | US | 1,650,000 | $1,524,009.14 | |
| OXFIN 2023-1A A2 6.71600 02/15/2031 | US | 2,100,000 | $2,070,547.08 | |
| PACKAGING CORP OF AMERICA | US | PKG | 174 | $25,943.40 |
| PALOMINO FUNDING TRUST I 7.23300 05/17/2028 | US | 2,490,000 | $2,522,626.05 | |
| PARAMOUNT GLOBAL CLASS B | US | PARA | 1,053 | $15,889.77 |
| PEAR 2021-1 A MTGE 2.60000 01/15/2034 | US | 1,219,640.63 | $1,160,188.39 | |
| PEAR 2022-1 A1 6.50000 10/15/2034 | US | 126,799.87 | $126,736.24 | |
| PEAR 2023-1A 7.42000 07/15/2035 | US | 1,180,789.46 | $1,179,200.94 | |
| PELORUS FUND REIT 7.00000 09/30/2026 | US | 55,000 | $52,332.22 | |
| PEPSICO INC 3.90000 07/18/2032 | US | 2,540,000 | $2,409,133.03 | |
| PFIZER INC | US | PFE | 3,440 | $121,707.20 |
| PFMT 2021 -INV1 A1 2.50000 08/25/2051 | US | 1,515,508.77 | $1,205,694.68 | |
| PFMT 2021-2 A2A 2.00000 04/25/2051 | US | 909,123.42 | $760,493.46 | |
| PHILLIPS 66 | US | PSX | 414 | $47,262.24 |
| PHYSICIANS REALTY TRUST | US | DOC | 6,602 | $91,833.82 |
| PMTLT 2013-J1 a9 3.50000 09/25/2043 | US | 215,462.52 | $190,413.74 | |
| PPG INDUSTRIES INC | US | PPG | 274 | $38,842.24 |
| PROLOGIS | US | PLD | 8,442 | $1,048,496.40 |
| PUBLIC STORAGE INC | US | PSA | 1,414 | $390,801.32 |
| QUALCOMM INC | US | QCOM | 1,095 | $125,410.35 |
| QUALCOMM INC 4.25000 05/20/2032 | US | 2,200,000 | $2,111,838.19 | |
| QUEST DIAGNOSTICS INC | US | DGX | 224 | $29,456.00 |
| RAYTHEON TECHNOLOGIES CORP | US | RTX | 954 | $82,082.16 |
| RCKT 2021-6 A1 2.50000 12/25/2051 | US | 1,960,921.66 | $1,547,567.22 | |
| REALTY INCOME CORP | US | O | 4,043 | $226,569.72 |
| REGIONS FINANCIAL CORP. | US | RF | 1,792 | $32,865.28 |
| RENAISSANCERE HOLDINGS LTD | BM | RNR | 1,309 | $245,948.01 |
| RENTOKIL INITIAL PLC | GB | RTO LN | 42,940 | $326,922.48 |
| RENTOKIL INITIAL PLC-SP ADR | GB | RTO | 38,041 | $1,443,655.95 |
| REXFORD INDUSTRIAL REALITY IN | US | REXR | 3,520 | $188,214.40 |
| S&P GLOBAL INC | US | SPGI | 2,817 | $1,101,052.62 |
| SALESFORCE INC | US | CRM | 7,108 | $1,574,137.68 |
| SBA COMMUNICATIONS CORP | US | SBAC | 1,800 | $404,154.00 |
| SBA TOWER TRUST 1.88400 01/15/2026 | US | 1,730,000 | $1,561,906.11 | |
| SBA TOWER TRUST 6.59900 01/15/2028 | US | 1,785,000 | $1,812,232.67 | |
| SCHLUMBERGER LTD | NL | SLB | 1,120 | $66,035.20 |
| SCML 2019-SBC8 2.86000 04/25/2041 | US | 986,772.93 | $902,437.89 | |
| SEMT 2013-2 1.87400 02/25/2043 | US | 106,255.72 | $88,277.03 | |
| SEMT 2013-6 A2 3.00000 05/25/2043 | US | 291,088.18 | $250,134.88 | |
| SEMT 2013-7 A2 3.00000 06/25/2043 | US | 117,788.01 | $102,484.25 | |
| SEMT 2013-8 A1 3.00000 06/25/2043 | US | 142,974.53 | $123,749.03 | |
| SERVICENOW INC | US | NOW | 5,667 | $3,336,899.61 |
| SIMON PROPERTY GROUP LP 2.65000 02/01/2032 | US | 4,510,000 | $3,626,987.82 | |
| SKYWORKS SOLUTIONS INC | US | SWKS | 237 | $25,771.38 |
| SMB 2020-BA A1A 1.29000 07/15/2053 | US | 852,328.63 | $761,590.70 | |
| SOFI 2018-B A2FX MTGE 3.34000 08/25/2047 | US | 163,505.33 | $158,874.90 | |
| SONY CORP FIRST SECTION | JP | 6758 JP | 2,600 | $216,300.53 |
| SORT 2020-1 A1 MTGE 1.69000 07/15/2060 | US | 921,938.3 | $833,443.56 | |
| SORT 2020-1 A2 1.99000 07/15/2060 | US | 771,585.05 | $649,974.30 | |
| SOUTH CAROLINA ST PUBLIC SVC 2.32900 12/01/2028 | US | 770,000 | $657,786.04 | |
| SRPT 2014-STAR A FLTG RATE 8.50000 11/15/2027 | US | 1,376,287.47 | $981,767.01 | |
| STAG INDUSTRIAL INC | US | STAG | 2,622 | $95,781.66 |
| SUN COMMUNITIES | US | SUI | 3,035 | $371,544.70 |
| SYNCHRONOSS TECH | US | 7,590 | $138,897.00 | |
| SYSCO CORP | US | SYY | 503 | $35,033.95 |
| TAIWAN SEMICONDUCTOR - SP ADR | TW | TSM | 30,822 | $2,884,014.54 |
| TE CONNECTIVITY LIMITED | CH | TEL | 363 | $48,057.57 |
| TECHTRONIC INDUSTRIES CO LTD | HK | 669 HK | 17,000 | $167,665.65 |
| TENCENT HOLDINGS 3.97500 04/11/2029 | KY | 5,250,000 | $4,835,169.47 | |
| TENCENT HOLDINGS LTD | CN | 700 HK | 7,800 | $323,234.86 |
| TERRENO REALTY CORP | US | TRNO | 2,874 | $174,997.86 |
| TEXAS INSTRUMENTS INC | US | TXN | 637 | $107,054.22 |
| THERMO FISHER SCIENTIFIC INC | US | TMO | 2,708 | $1,508,626.80 |
| TOKYO ELECTRON LTD | JP | 8035 JP | 1,200 | $178,230.80 |
| TPMT 2016-5 A1 2.50000 10/25/2056 | US | 110,158.52 | $108,595.35 | |
| TPMT 2017-1 A1 2.75000 10/25/2056 | US | 51,029.57 | $50,393.65 | |
| TPMT 2019-HY1 A1 6.42943 10/25/2048 | US | 224,210.9 | $223,569.23 | |
| TRAVELLERS COS INC | US | TRV | 324 | $52,238.52 |
| TREASURY BOND 2.37500 02/15/2042 | US | 15,935,000 | $11,859,125.78 | |
| TREASURY NOTE 2.25000 11/15/2027 | US | 16,370,000 | $15,051,447.74 | |
| TRUIST FINANCIAL CORP | US | TFC | 1,243 | $37,973.65 |
| TSY INFL IX N/B 0.12500 01/15/2031 | US | 5,297,756.4 | $4,641,124.29 | |
| TSY INFL IX N/B 0.50000 04/15/2024 | US | 11,411,571.75 | $11,166,985.94 | |
| TSY INFL IX N/B 2.37500 01/15/2027 | US | 5,575,220.75 | $5,575,033.87 | |
| TYSON FOODS INC -CL A | US | TSN | 499 | $26,581.73 |
| U.S. BANCORP | US | USB | 1,673 | $61,114.69 |
| UDR INC | US | UDR | 5,950 | $237,405.00 |
| UNILEVER PLC - ADR | GB | UL | 75,676 | $3,860,989.52 |
| UNION PAC CORP | US | UNP | 8,135 | $1,794,336.95 |
| UNITED AIR 2018-1 B PTT 4.60000 03/01/2026 | US | 55,583.2 | $52,516.08 | |
| UNITED AIR 2019-2 B PTT 3.50000 05/01/2028 | US | 340,592.94 | $307,173.70 | |
| UNITED PARCEL SERVICE | US | UPS | 609 | $103,164.60 |
| US CLAIMS LIT FNDG LLC 10.25000 03/17/2028 | US | 250,000 | $229,194.26 | |
| US TEASURY NOTE 1.75000 11/15/2029 | US | 17,185,000 | $14,945,579.69 | |
| US TREASURY N/B 0.87500 11/15/2030 | US | 14,895,000 | $11,925,309.38 | |
| US TREASURY N/B 2.00000 11/15/2026 | US | 12,770,000 | $11,822,226.56 | |
| US TREASURY N/B 3.12500 11/15/2028 | US | 17,270,000 | $16,349,832.81 | |
| US TREASURY N/B 4.12500 11/15/2032 | US | 9,339,000 | $9,337,540.78 | |
| VALERO ENERGY | US | VLO | 318 | $41,308.20 |
| VENTAS INC | US | VTR | 2,955 | $129,074.40 |
| VERTEX PHARMACEUTICALS INC | US | VRTX | 5,348 | $1,862,922.32 |
| VISA INC - CLASS A SHARES | US | V | 17,002 | $4,177,051.36 |
| WARNERMEDIA HOLDINGS INC 4.05400 03/15/2029 | US | 3,340,000 | $3,070,142.76 | |
| WELLS FARGO COMPANY | US | WFC | 2,375 | $98,063.75 |
| WELLTOWER INC. | US | WELL | 3,067 | $254,192.96 |
| WIN 2015-1 A1 3.50000 01/20/2045 | US | 77,313.26 | $69,005.20 |
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.