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Pro-Mix® Moderate Term CIT
Pro-Mix® Moderate Term CIT
Fi360 ETF Target 2015 CIT
Fi360 ETF Target 2020 CIT
Fi360 ETF Target 2025 CIT
Fi360 ETF Target 2030 CIT
Fi360 ETF Target 2035 CIT
Fi360 ETF Target 2040 CIT
Fi360 ETF Target 2045 CIT
Fi360 ETF Target 2050 CIT
Fi360 ETF Target 2055 CIT
Fi360 ETF Target Income CIT
Pro-Mix® Conservative Term CIT
Pro-Mix® Extended Term CIT
Pro-Mix® Maximum Term CIT
Pro-Mix® Moderate Term CIT
Retirement Target 2015 CIT
Retirement Target 2020 CIT
Retirement Target 2025 CIT
Retirement Target 2030 CIT
Retirement Target 2035 CIT
Retirement Target 2040 CIT
Retirement Target 2045 CIT
Retirement Target 2050 CIT
Retirement Target 2055 CIT
Retirement Target 2060 CIT
Retirement Target Income 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 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 | 15+ Years | 7-20 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.
Daily Price
$29.70
Daily $ Change
$0.10
Daily % Change
0.34%
as of 02/15/2019
CUSIP
563821131
Inception Date
01/01/2000
This fund is only available for use within certain qualified employee benefit plans.
Important Documents
| Annual Report | |
| Applications & Forms |
Performance
As of 01/31/2019
YTD
3.89%
1 Year
-0.84%
3 Year
5.60%
5 Year
3.13%
10 Year
7.28%
Inception
(01/01/2000)
5.78%
US Stock Market Cycle (04/01/2000 - 01/31/2019)
5.76%
Returns are net of Pro-Mix® CIT Class S expenses. Performance data quoted represents past performance and does not guarantee future results. Performance for periods greater than one year is annualized. Your investment may fluctuate in value and there is a potential for loss as well as profit.
Expense Ratio
| Gross | 0.90% |
| Net | 0.90%* |
*Reflects the Trustee’s contractual agreement to limit fees and voluntary agreement to reimburse certain expenses.
Top Ten Investments
As of 01/31/2019
| TREASURY NOTES | 10.82% |
| GOVERNMENT AGENCY | 6.55% |
| TREASURY BONDS | 6.37% |
| UNITED STATES TREAS INFL INDEX 0.12500 04/15/2020 | 4.48% |
| NOVARTIS AG- REG | 1.34% |
| MASTERCARD INC-CLASS A | 1.29% |
| MEDTRONIC INC | 1.29% |
| BOOKING HOLDINGS INC | 1.13% |
| MICROSOFT CORP | 1.09% |
| TENCENT HOLDINGS LTD | 1.05% |
This investment list is unaudited and excludes cash.
Asset Allocation
As of 01/31/2019
| Bonds | 61.29% |
| Stocks | 37.74% |
| Cash | 0.97% |
Detailed Asset Class Allocation
As of 01/31/2019
| International Equities | 13.76% |
| Small Capitalization | 1.08% |
| Mid Capitalization | 2.74% |
| Large Capitalization | 20.16% |
| Long Term Fixed Income | 20.47% |
| Intermediate Term Fixed Income | 27.89% |
| Short Term Fixed Income | 12.93% |
| Cash | 0.97% |
Due to rounding, the sum of the detailed asset class allocation categories may not equal the asset allocation totals provided above.
January Fund Holdings
As of 01/31/2019
| CUSIP | Security Description | Country | Ticker | Shares/Par | Market Value (USD) |
|---|---|---|---|---|---|
| 00101JAH9 | ADT SEC CORP 4.12500 06/15/2023 | US | 140,000 | $134,750.00 | |
| 00101JAM8 | ADT CORP 5.25000 03/15/2020 | US | 90,000 | $91,350.00 | |
| 00206RDQ2 | AT&T INC 4.25000 03/01/2027 | US | 2,540,000 | $2,570,700.98 | |
| 00254EML3 | SWEDISH EXPORT CREDIT 1.12500 08/28/2019 | SE | 5,000,000 | $4,957,500.00 | |
| 00289XAA7 | ABENGOA YIELD PLC 7.00000 11/15/2019 | GB | 620,000 | $621,550.00 | |
| 004239109 | ACADIA REALTY TRUST | US | AKR | 1,575 | $45,249.75 |
| 0045614 | ANTOFAGASTA PLC | GB | ANTO LN | 2,775 | $31,723.54 |
| 00774MAG0 | AERCAP IRELAND CAP / GLOBA 4.45000 10/01/2025 | IE | 2,470,000 | $2,416,871.54 | |
| 0081180 | BARRATT DEVELOPMENTS PLC | GB | BDEV LN | 8,925 | $63,127.54 |
| 008492100 | AGREE REALTY CORP | US | ADC | 975 | $64,379.25 |
| 00928QAK7 | AIRCASTLE LTD 6.25000 12/01/2019 | BM | 120,000 | $122,580.53 | |
| 0136701 | BRITISH LAND CO PLC | GB | BLND LN | 4,200 | $31,638.92 |
| 015271109 | ALEXANDRIA REAL EST EQUITIES | US | ARE | 365 | $48,074.15 |
| 01609W102 | ALIBABA GROUP - ADR | CN | BABA | 1,085 | $182,811.65 |
| 01748XAA0 | ALLEGIANT TRAVEL CO 5.50000 07/15/2019 | US | 175,000 | $176,531.25 | |
| 02079K107 | ALPHABET INC-CL C | US | GOOG | 2,610 | $2,913,725.70 |
| 02079K305 | ALPHABET INC-CL A | US | GOOGL | 1,590 | $1,790,165.10 |
| 023135106 | AMAZON.COM INC | US | AMZN | 970 | $1,667,168.10 |
| 02319V103 | AMBEV SA-ADR | BR | ABEV | 417,670 | $2,008,992.70 |
| 0237400 | DIAGEO PLC | GB | DGE LN | 112,810 | $4,305,544.58 |
| 02376RAA0 | AMERICAN AIRLINES GROUP 5.50000 10/01/2019 | US | 530,000 | $533,763.00 | |
| 024835100 | AMERICAN CAMPUS COMMUNITIES | US | ACC | 1,570 | $72,251.40 |
| 0263494 | BAE SYSTEMS PLC | GB | BA/ LN | 15,390 | $103,534.07 |
| 02665T306 | AMERICAN HOMES 4 RENT- A | US | AMH | 8,735 | $193,130.85 |
| 02666TAA5 | AMERICAN HOMES 4 RENT 4.25000 02/15/2028 | US | 1,320,000 | $1,271,454.07 | |
| 02753GAA7 | AMERICAN MIDSTREAM PTR/F 9.50000 12/15/2021 | US | 145,000 | $134,850.00 | |
| 03027X100 | AMERICAN TOWER REIT INC | US | AMT | 12,460 | $2,153,586.40 |
| 03063NAA5 | AMERICOLD LLC TRUST 3.84730 01/14/2029 | US | 72,421.78 | $72,984.50 | |
| 03064D108 | AMERICOLD REALTY TRUST | US | COLD | 1,425 | $41,781.00 |
| 03748R101 | APARTMENT INVT & MGMT CO -A | US | AIV | 2,810 | $139,151.20 |
| 03784Y200 | APPLE HOSPITALITY REIT INC | US | APLE | 2,765 | $45,373.65 |
| 03969AAL4 | ARDAGH PKG FIN/HLDGS USA 6.00000 02/15/2025 | IE | 120,000 | $116,700.00 | |
| 0405207 | HALMA PLC | GB | HLMA LN | 3,490 | $64,187.68 |
| 0490656 | KERRY GROUP PLC-A | IE | KYGA LN | 1,185 | $121,867.81 |
| 053484101 | AVALONBAY COMMUNITIES INC | US | AVB | 1,960 | $378,123.20 |
| 05604LAA0 | BWAY 2015-1740 A 2.91700 01/10/2035 | US | 4,000,000 | $3,916,022.40 | |
| 058498106 | BALL CORP | US | BLL | 90,110 | $4,710,950.80 |
| 06051GFM6 | BANK OF AMERICA CORP 4.00000 01/22/2025 | US | 3,990,000 | $4,021,358.73 | |
| 0682538 | PERSIMMON PLC | GB | PSN LN | 2,010 | $62,702.96 |
| 084670702 | BERKSHIRE HATHAWAY INC-CL B | US | BRK/B | 12,195 | $2,506,560.30 |
| 0870612 | LLOYDS BANKING GROUP PLC | GB | LLOY LN | 84,700 | $64,572.10 |
| 0878230 | TAYLOR WIMPEY PLC | GB | TW/ LN | 28,860 | $62,575.51 |
| 09061G101 | BIOMARIN PHARMACEUTICAL INC | US | BMRN | 18,950 | $1,860,321.50 |
| 0922320 | SMITH & NEPHEW PLC | GB | SN/ LN | 4,780 | $90,048.81 |
| 09247X101 | BLACKROCK INC | US | BLK | 2,180 | $904,874.40 |
| 0946580 | WEIR GROUP PLC/THE | GB | WEIR LN | 9,610 | $190,177.81 |
| 096630AE8 | BOARDWALK PIPELINES LP 5.95000 06/01/2026 | US | 3,670,000 | $3,769,146.48 | |
| 09857L108 | BOOKING HOLDINGS INC | US | BKNG | 2,920 | $5,351,805.20 |
| 101121101 | BOSTON PROPERTIES INC | US | BXP | 2,270 | $299,344.90 |
| 105368203 | BRANDYWINE REALTY TRUST | US | BDN | 12,380 | $186,319.00 |
| 110448107 | BRITISH AMERICAN TOB-SP ADR | GB | BTI | 1,520 | $53,625.60 |
| 11680JAA0 | BRUIN E&P PARTNERS LLC 8.87500 08/01/2023 | US | 125,000 | $118,985.00 | |
| 12503M108 | CBOE GLOBAL MARKETS INC | US | CBOE | 16,180 | $1,509,108.60 |
| 12572Q105 | CME GROUP INC | US | CME | 9,455 | $1,723,457.40 |
| 12591QAR3 | COMM 2014-UBS4 A5 3.69400 08/10/2047 | US | 3,600,000 | $3,662,711.28 | |
| 12592BAB0 | CNH INDUSTRIAL CAPITAL L 3.37500 07/15/2019 | US | 2,640,000 | $2,644,722.56 | |
| 12593GAF9 | COMM 2015-PC1 A5 3.90200 07/10/2050 | US | 1,900,000 | $1,957,109.25 | |
| 12629NAF2 | COMM 2015-DC1 A5 FLT 3.35000 02/10/2048 | US | 4,200,000 | $4,204,996.32 | |
| 126307AU1 | CSC HOLDINGS LLC 5.50000 05/15/2026 | US | 125,000 | $123,750.00 | |
| 12646XAH5 | CSMC 2013-IVR3 A1 2.50000 05/25/2043 | US | 953,353.5 | $901,249.68 | |
| 133131102 | CAMDEN PROPERTY TRUST | US | CPT | 460 | $44,597.00 |
| 13321L108 | CAMECO CORP | CA | CCJ | 5,196 | $62,975.52 |
| 149806AA9 | CAZ 2015-1A A 2.00000 12/10/2023 | US | 57,923.93 | $57,634.31 | |
| 14980AAA0 | CAZENOVIA CREEK FUNDING LLC 3.56070 07/15/2030 | US | 1,177,771.82 | $1,172,339.35 | |
| 156504AH5 | CENTURY COMMUNITIES 5.87500 07/15/2025 | US | 265,000 | $243,800.00 | |
| 165183BB9 | CFII 2017-4A A1 2.12000 11/15/2029 | US | 1,728,508.25 | $1,704,335.06 | |
| 165240102 | CHESAPEAKE LODGING TRUST | US | CHSP | 2,270 | $64,649.60 |
| 172967EW7 | CITIGROUP INC 8.12500 07/15/2039 | US | 1,420,000 | $2,070,719.97 | |
| 191216100 | COCA COLA CO/THE | US | KO | 71,070 | $3,420,599.10 |
| 2011646 | ALIMENTATION COUCHE-TARD -B | CA | ATD/B CN | 1,295 | $70,350.55 |
| 20369C106 | COMMUNITY HEALTHCARE TRUST I | US | CHCT | 4,420 | $145,948.40 |
| 2162760 | CAE INC | CA | CAE CN | 2,330 | $49,509.95 |
| 2180632 | CANADIAN NATL RAILWAY CO | CA | CNR CN | 545 | $45,480.61 |
| 21871N101 | CORECIVIC INC | US | CXW | 6,445 | $128,062.15 |
| 222795106 | COUSINS PROPERTIES INC | US | CUZ | 22,120 | $195,762.00 |
| 22282EAH5 | COVANTA HOLDING CORP 6.00000 01/01/2027 | US | 130,000 | $124,475.00 | |
| 22546QAD9 | CREDIT SUISSE AG 5.40000 01/14/2020 | CH | 2,250,000 | $2,296,363.97 | |
| 22822V101 | CROWN CASTLE INTL CORP | US | CCI | 1,075 | $125,839.50 |
| 22944PAA5 | CSMC 2013-TH1 A1 2.13000 02/25/2043 | US | 632,179.36 | $596,116.37 | |
| 229663109 | CUBESMART | US | CUBE | 1,270 | $39,306.50 |
| 2328595 | BANCO DO BRASIL S.A. | BR | BBAS3 BZ | 2,700 | $38,391.64 |
| 23311RAD8 | DCP MIDSTREAM OPERATING 5.35000 03/15/2020 | US | 90,000 | $91,350.00 | |
| 2347608 | FIRST QUANTUM MINERALS LTD | CA | FM CN | 2,925 | $33,859.17 |
| 23918K108 | DAVITA INC. | US | DVA | 37,320 | $2,094,771.60 |
| 23918KAR9 | DAVITA INC 5.00000 05/01/2025 | US | 195,000 | $187,687.50 | |
| 2434760 | MEXICHEM SAB DE CV | MX | MEXCHEM* MM | 18,600 | $49,811.40 |
| 2458771 | ITAUSA INVESTIMENTOS ITAU -PR | BR | ITSA4 BZ | 10,500 | $38,865.43 |
| 2516710 | LOJAS AMERICANAS SA - PREF | BR | LAME4 BZ | 3,900 | $22,530.43 |
| 25271C102 | DIAMOND OFFSHORE DRILLING | US | DO | 55,030 | $601,477.90 |
| 253868103 | DIGITAL REALTY TRUST INC | US | DLR | 2,135 | $231,305.90 |
| 254683BK0 | DCENT 2014-A4 2.12000 12/15/2021 | US | 180,000 | $179,567.48 | |
| 25470DAT6 | DISCOVERY COMMUNICATIONS 5.20000 09/20/2047 | US | 2,720,000 | $2,571,052.80 | |
| 2583952 | METRO INC | CA | MRU CN | 1,740 | $63,259.48 |
| 26151AAA7 | DRAX FINCO PLC 6.62500 11/01/2025 | GB | 290,000 | $288,550.00 | |
| 26780TAA5 | DYNAGAS LNG PARTNERS/FIN 6.25000 10/30/2019 | MH | 310,000 | $301,475.00 | |
| 269246401 | ETRADE FINANCIAL CORP | US | ETFC | 18,100 | $844,546.00 |
| 2715777 | QUEBECOR INC -CL B | CA | QBR/B CN | 54,100 | $1,273,498.23 |
| 2801836 | SHAW COMMUNICATIONS INC-B | CA | SJR/B CN | 49,760 | $1,010,386.09 |
| 285512109 | ELECTRONIC ARTS | US | EA | 31,250 | $2,882,500.00 |
| 2866857 | LUNDIN MINING CORP | CA | LUN CN | 6,515 | $29,749.99 |
| 29278D105 | ENEL CHILE SA-ADR | CL | ENIC | 8,480 | $46,046.40 |
| 29444U700 | EQUINIX INC | US | EQIX | 6,575 | $2,590,550.00 |
| 2945422 | WEG SA | BR | WEGE3 BZ | 3,900 | $20,145.87 |
| 29472R108 | EQUITY LIFESTYLE PROPERTIES | US | ELS | 995 | $105,350.60 |
| 29476L107 | EQUITY RESIDENTIAL | US | EQR | 4,245 | $308,017.20 |
| 297178105 | ESSEX PROPERTY TRUST INC | US | ESS | 710 | $192,552.00 |
| 302154BV0 | EXPORT-IMPORT BANK KOREA 2.62500 12/30/2020 | KR | 4,675,000 | $4,634,149.85 | |
| 30225T102 | EXTRA SPACE STORAGE INC | US | EXR | 1,035 | $102,061.35 |
| 30251JAA9 | FDIC 2011-R1 A 2.67200 07/25/2026 | US | 108,348.83 | $107,887.71 | |
| 30261UAJ3 | FREMF 2013-K713 B 3.15427 04/25/2046 | US | 1,200,000 | $1,198,313.76 | |
| 30264DAA7 | FS ENERGY & POWER FUND 7.50000 08/15/2023 | US | 170,000 | $168,937.50 | |
| 30286XAN9 | FREMF 2015-K43 B FLT 3.73415 02/25/2048 | US | 2,300,000 | $2,272,443.70 | |
| 30291EAE4 | FREMF 2013-K712 B FLT 3.35787 05/25/2045 | US | 675,000 | $675,064.67 | |
| 30291HAA5 | FREMF 2013-K28 X2A 0.10000 06/25/2046 | US | 105,069,599.48 | $340,467.53 | |
| 3128M5A91 | FHLM POOL G03332 6.00000 10/01/2037 | US | 47,518.2 | $52,109.84 | |
| 3128M5NM8 | FHLM POOL G03696 5.50000 01/01/2038 | US | 101,998.6 | $110,523.12 | |
| 3128M6B98 | FHLM POOL G04264 5.50000 04/01/2038 | US | 359,347.28 | $386,115.81 | |
| 3128M73H7 | FHLM POOL G05900 6.00000 03/01/2040 | US | 104,158.93 | $113,053.71 | |
| 3128M73P9 | FHLM POOL G05906 6.00000 04/01/2040 | US | 141,919.84 | $155,627.06 | |
| 3128M7KW5 | FHLM POOL G05409 5.50000 03/01/2039 | US | 248,194.48 | $267,781.55 | |
| 3128M8AW4 | FHLM POOL G06021 5.50000 01/01/2040 | US | 96,887.68 | $104,111.30 | |
| 3128M9C83 | FHLM POOL G06995 6.00000 05/01/2040 | US | 302,844.65 | $332,101.16 | |
| 3128MB4Q7 | FHLM POOL G13331 5.50000 10/01/2023 | US | 11,116.88 | $11,435.69 | |
| 3128MBDP9 | FHLM POOL G12610 6.00000 03/01/2022 | US | 20,735.35 | $21,210.99 | |
| 3128MBE45 | FHLM POOL G12655 6.00000 05/01/2022 | US | 14,220.96 | $14,594.24 | |
| 3128MBRH2 | FHLM POOL G12988 6.00000 01/01/2023 | US | 11,587.07 | $11,963.21 | |
| 3128MBUB1 | FHLM POOL G13078 6.00000 03/01/2023 | US | 20,156.11 | $20,777.35 | |
| 3128MJ2U3 | FHLM GOLD POOL FG G08786 4.50000 10/01/2047 | US | 2,083,979.02 | $2,179,110.85 | |
| 3128MJJT8 | FHLM POOL G08273 5.50000 06/01/2038 | US | 244,153.18 | $261,757.05 | |
| 31335ABB3 | FHLM POOL G60034 4.50000 02/01/2045 | US | 2,727,901.48 | $2,843,905.95 | |
| 31335AFY9 | FHLM POOL G60183 4.00000 12/01/2044 | US | 707,154.19 | $727,207.38 | |
| 31336WBS7 | FHLM POOL G11850 5.50000 07/01/2020 | US | 13,997.15 | $14,060.83 | |
| 3134865 | BARCLAYS PLC | GB | BARC LN | 29,970 | $62,467.93 |
| 3136B1YD0 | FNR 2018-31 KP 3.50000 07/25/2047 | US | 1,049,962.01 | $1,069,953.60 | |
| 31371NCJ2 | FEDERAL NATL MTG ASSN 256673 5.50000 04/01/2037 | US | 494,311.95 | $538,535.52 | |
| 313747206 | FEDERAL RLTY INVT TR SH BEN INT | US | FRT | 355 | $47,062.35 |
| 3137A2B34 | FHMS K009 X1 FLT 1.27311 08/25/2020 | US | 10,715,960.52 | $164,919.70 | |
| 3137ADTK3 | FHMS K014 X1 FLT 1.14907 04/25/2021 | US | 6,607,659.29 | $146,193.14 | |
| 3137AJMG6 | FMHS K016 X1 FLT 1.47787 10/25/2021 | US | 4,000,564.38 | $136,996.93 | |
| 3137AUPF0 | FHMS K021 x1 FLT 1.44244 06/25/2022 | US | 15,290,264.78 | $626,896.27 | |
| 3137B3NB0 | FHMS K030 X1 FLT 0.19598 04/25/2023 | US | 45,973,498.89 | $341,757.80 | |
| 3137B4GZ3 | FHMS K032 X1 FLT 0.10305 05/25/2023 | US | 29,583,498.34 | $136,678.72 | |
| 3137F4YU0 | FHR 4791 BA MTGE 4.00000 03/15/2044 | US | 1,309,601.82 | $1,346,728.90 | |
| 3137FG2L8 | FHR 4801 BA MTGE 4.50000 05/15/2044 | US | 1,319,109.09 | $1,370,565.29 | |
| 3138ABBY4 | FEDERAL NATL MTG ASSN AH9054 4.50000 04/01/2041 | US | 226,106.08 | $237,662.91 | |
| 3138ASSD5 | FEDERAL NATL MTG ASSN AJ1415 4.50000 09/01/2041 | US | 128,758.25 | $135,279.85 | |
| 3138EQTZ5 | FEDERAL NATL MTG ASSN AL7767 4.50000 06/01/2044 | US | 1,795,054.35 | $1,886,684.51 | |
| 3138ETT89 | FEDERAL NATL MTG ASSN AL8674 FLT 5.65400 01/01/2049 | US | 2,192,733.42 | $2,385,218.86 | |
| 3138WDAY7 | FEDERAL NATL MTG ASSN FN AS3622 3.50000 10/01/2044 | US | 3,057,068.25 | $3,089,573.60 | |
| 31403DDX4 | FEDERAL NATL MTG ASSN 745418 5.50000 04/01/2036 | US | 524,785.92 | $571,669.80 | |
| 3140E2GZ8 | FEDERAL NATL MTG ASSN AZ9215 4.00000 10/01/2045 | US | 621,678.26 | $639,305.76 | |
| 3140EWG66 | FEDERAL NATL MTG ASSN BC2020 3.50000 07/01/2046 | US | 1,025,947.71 | $1,032,517.18 | |
| 3140F2QS2 | FEDERAL NATL MTG ASSN BC6764 3.50000 04/01/2046 | US | 712,237.36 | $718,271.16 | |
| 3140F9M51 | FEDERAL NATL MTG ASSN BD2179 4.00000 07/01/2046 | US | 1,569,935.94 | $1,612,276.19 | |
| 3140FEXR0 | FEDERAL NATL MTG ASSN BD6987 4.00000 10/01/2046 | US | 1,628,472.78 | $1,671,995.21 | |
| 3140HPUY1 | FEDERAL NATL MTG ASSN FN BK9598 4.50000 08/01/2048 | US | 508,571.66 | $528,722.93 | |
| 3140Q84E2 | FEDERAL NATL MTG ASSN FN CA1720 5.00000 05/01/2048 | US | 1,948,035.22 | $2,051,262.31 | |
| 3140Q9D42 | FEDERAL NATL MTG ASSN FN CA1922 5.00000 06/01/2048 | US | 806,768.77 | $849,522.58 | |
| 3140Q9PD9 | FEDERAL NATL MTG ASSN FN CA2219 5.00000 08/01/2048 | US | 656,465.27 | $691,254.81 | |
| 31410FSE6 | FEDERAL NATL MTG ASSN 888017 6.00000 11/01/2021 | US | 15,605.28 | $15,980.78 | |
| 31410FV51 | FEDERAL NATL MTG ASSN 888136 6.00000 12/01/2021 | US | 18,574.56 | $19,023.75 | |
| 31410GCD3 | FEDERAL NATL MTG ASSN 888468 5.50000 09/01/2021 | US | 123,878.17 | $125,875.54 | |
| 31410GN33 | FEDERAL NATL MTG ASSN 888810 5.50000 11/01/2022 | US | 150,878.34 | $153,339.75 | |
| 31410HAQ4 | MACYS RETAIL HLDGS INC 6.90000 04/01/2029 | US | 1,185,000 | $1,244,044.45 | |
| 31410KJV7 | FEDERAL NATL MTG ASSN 889576 6.00000 04/01/2038 | US | 308,705.83 | $338,378.95 | |
| 31410KLD4 | FEDERAL NATL MTG ASSN 889624 5.50000 05/01/2038 | US | 298,754.89 | $321,003.46 | |
| 31411JXP6 | FEDERAL NATL MTG ASSN 909786 5.50000 03/01/2037 | US | 104,633.88 | $113,681.71 | |
| 31416BSW9 | FEDERAL NATL MTG ASSN 995233 5.50000 10/01/2021 | US | 5,588.99 | $5,654.04 | |
| 31416BVW5 | FEDERAL NATL MTG ASSN 995329 5.50000 12/01/2021 | US | 86,927.09 | $88,397.54 | |
| 31418BBC9 | FEDERAL NATL MTG ASSN MA1834 4.50000 02/01/2034 | US | 604,951.79 | $634,442.99 | |
| 31418BDH6 | FEDERAL NATL MTG ASSN MA1903 4.50000 05/01/2034 | US | 558,490.91 | $585,938.90 | |
| 31418CAF1 | FEDERAL NATL MTG ASSN FN MA2705 3.00000 08/01/2046 | US | 914,223.45 | $898,546.55 | |
| 31418MDZ2 | FEDERAL NATL MTG ASSN AD0119 6.00000 07/01/2038 | US | 165,491.88 | $181,393.34 | |
| 31418MG63 | FEDERAL NATL MTG ASSN AD0220 6.00000 10/01/2038 | US | 65,606.13 | $72,048.94 | |
| 31418MJC7 | FEDERAL NATL MTG ASSN AD0258 5.50000 03/01/2039 | US | 187,409.42 | $201,668.10 | |
| 31418MKV3 | FEDERAL NATL MTG ASSN AD0307 5.50000 01/01/2039 | US | 307,586.58 | $334,037.20 | |
| 31418MQQ8 | FEDERAL NATL MTG ASSN AD0462 5.50000 10/01/2024 | US | 15,328.74 | $15,946.20 | |
| 31419BBV6 | FEDERAL NATL MTG ASSN AE0951 4.50000 02/01/2041 | US | 523,607.02 | $550,364.40 | |
| 31428X106 | FEDEX CORPORATION | US | FDX | 7,965 | $1,414,345.05 |
| 315786AC7 | FIDELITY & GUARA NTY LIFE 5.50000 05/01/2025 | US | 115,000 | $110,687.50 | |
| 32054K103 | FIRST INDUSTRIAL REALTY TR | US | FR | 2,320 | $75,910.40 |
| 335934AK1 | FIRST QUANTUM MINERALS L 7.25000 04/01/2023 | CA | 50,000 | $47,875.50 | |
| 34960PAB7 | FORTRESS TRANS & INFRAST 6.50000 10/01/2025 | US | 140,000 | $134,400.00 | |
| 357081AE8 | FREMF 2015-K720 B FLT 3.39010 07/25/2022 | US | 970,000 | $972,709.02 | |
| 35802XAD5 | FRESENIUS MED CARE II 5.62500 07/31/2019 | US | 1,500,000 | $1,514,677.35 | |
| 36143WAN1 | GAHR 2015-NRF BFX FLT 3.38216 12/15/2034 | US | 1,900,000 | $1,889,024.65 | |
| 36143WAS0 | GAHR 2015-NRF DFX FLT 3.38216 12/15/2034 | US | 900,000 | $890,193.51 | |
| 36248EAA3 | GSMS 2010-C2 3.84900 12/10/2043 | US | 41,263.67 | $41,542.09 | |
| 369604BQ5 | GENERAL ELECTRIC CO 5.00000 01/21/2021 | US | 2,340,000 | $2,047,500.00 | |
| 37045VAR1 | GENERAL MOTORS CO FLT 3.66713 09/10/2021 | US | 2,420,000 | $2,369,180.00 | |
| 37045XAR7 | GENERAL MOTORS FINL CO 3.15000 01/15/2020 | US | 2,300,000 | $2,300,155.96 | |
| 37185LAF9 | GENESIS ENERGY LP/GENESI 5.62500 06/15/2024 | US | 115,000 | $105,800.00 | |
| 374297109 | GETTY REALTY CORP | US | GTY | 2,740 | $87,844.40 |
| 37953TAB1 | GLOBAL SHIP LEASE INC 9.87500 11/15/2022 | MH | 325,000 | $315,656.25 | |
| 38141GVR2 | GOLDMAN SACHS GROUP INC 4.25000 10/21/2025 | US | 1,320,000 | $1,332,254.10 | |
| 38379RRX3 | GNR 2017-54 AH MTGE 2.60000 12/16/2056 | US | 1,241,651.98 | $1,187,516.33 | |
| 39807UAB2 | GREYSTAR REAL ESTATE PAR 5.75000 12/01/2025 | US | 150,000 | $148,875.00 | |
| 400506101 | GRUPO AEROPORTUARIO PAC-ADR | MX | PAC | 425 | $38,309.50 |
| 4012250 | AIRBUS SE | FR | AIR FP | 615 | $70,884.77 |
| 40414L109 | HCP INC | US | HCP | 4,895 | $154,388.30 |
| 4057808 | L'OREAL | FR | OR FP | 250 | $60,256.14 |
| 4061412 | LVMH MOET HENNESSY LOUIS VUITTON | FR | MC FP | 290 | $93,031.87 |
| 406216101 | HALLIBURTON CO | US | HAL | 71,085 | $2,229,225.60 |
| 4076836 | INTESA SANPAOLO | IT | ISP IM | 20,530 | $46,975.11 |
| 4162791 | THALES SA | FR | HO FP | 95 | $10,505.97 |
| 4163437 | CAP GEMINI | FR | CAP FP | 155 | $17,117.43 |
| 421946104 | HEALTHCARE REALTY TRUST INC | US | HR | 4,110 | $132,711.90 |
| 42225P501 | HEALTHCARE TRUST OF AMERICA | US | HTA | 6,560 | $186,435.20 |
| 44053FAA8 | HORIZON PHARMA INC/HORIZ 8.75000 11/01/2024 | US | 300,000 | $317,100.00 | |
| 44107P104 | HOST MARRIOTT CORP | US | HST | 6,305 | $113,868.30 |
| 444454AB8 | HUGHES SATELITE SYSTEMS 6.50000 06/15/2019 | US | 200,000 | $202,076.00 | |
| 444454AD4 | HUGHES SATELLITE SYSTEMS 5.25000 08/01/2026 | US | 255,000 | $244,162.50 | |
| 45031UCD1 | ISTAR INC 5.25000 09/15/2022 | US | 255,000 | $251,047.50 | |
| 45337C102 | INCYTE CORP | US | INCY | 43,680 | $3,520,171.20 |
| 45378A106 | INDEPENDENCE REALTY TRUST IN | US | IRT | 7,985 | $83,443.25 |
| 4574813 | MEDIOBANCA SPA | IT | MB IM | 5,520 | $48,105.33 |
| 45763PAE6 | INMARSAT FINANCE PLC 4.87500 05/15/2022 | GB | 100,000 | $96,750.00 | |
| 45866F104 | INTERCONTINENTALEXCHANGE INC | US | ICE | 22,450 | $1,723,262.00 |
| 459745GH2 | INTL LEASE FINANCE CORP 6.25000 05/15/2019 | US | 2,715,000 | $2,738,150.02 | |
| 46187BAA1 | IHSFR 2017-SFR2 A 3.35750 12/17/2036 | US | 507,434.64 | $502,535.16 | |
| 46187BAB9 | IHSFR 2017-SFR2 B 3.65750 12/17/2036 | US | 390,000 | $388,335.48 | |
| 46187W107 | INVITATION HOMES INC | US | INVH | 6,470 | $145,510.30 |
| 464286624 | ISHARES MSCI THAILAND ETF | TH | 2,925 | $265,882.50 | |
| 464289180 | ISHARES MSCI EUROPE FINANCIA | XX | 10,680 | $192,453.60 | |
| 46625HHL7 | JPMORGAN CHASE & CO 6.30000 04/23/2019 | US | 3,820,000 | $3,849,233.39 | |
| 46639GAL0 | JPMMT 2013-1 1A2 3.00000 03/25/2043 | US | 437,090.7 | $425,924.34 | |
| 46640BAC8 | JPMMT 2013-2 A2 3.50000 05/25/2043 | US | 523,063.01 | $516,565.52 | |
| 46641YAA1 | JPMMT 2014-2 1A1 3.00000 06/25/2029 | US | 729,348.42 | $723,155.52 | |
| 46647PAY2 | JPMORGAN CHASE & CO 4.02300 12/05/2024 | US | 1,960,000 | $2,008,286.15 | |
| 46647SAJ9 | JPMMT 2017-3 1A5 3.50000 08/25/2047 | US | 1,234,303.46 | $1,229,030.52 | |
| 4682329 | PERNOD-RICARD SA | FR | RI FP | 240 | $39,819.09 |
| 4712798 | RENAULT SA | FR | RNO FP | 245 | $17,337.39 |
| 4741844 | MERCK KGAA | DE | MRK GR | 34,725 | $3,646,085.21 |
| 476405105 | JERNIGAN CAPITAL INC | US | JCAP | 4,525 | $98,102.00 |
| 478160104 | JOHNSON & JOHNSON | US | JNJ | 36,430 | $4,848,104.40 |
| 47987LAA9 | JONAH NRG LLC/FINANCE 7.25000 10/15/2025 | US | 245,000 | $181,300.00 | |
| 4821100 | SOLVAY SA | BE | SOLB BB | 1,230 | $133,909.58 |
| 4834108 | SCHNEIDER ELECTRIC SE | FR | SU FP | 595 | $42,317.28 |
| 4834777 | VIVENDI | FR | VIV FP | 990 | $25,243.93 |
| 49446R109 | KIMCO REALTY CORP | US | KIM | 4,125 | $70,166.25 |
| 494550AW6 | KINDER MORGAN ENER PART 6.95000 01/15/2038 | US | 3,300,000 | $3,896,271.19 | |
| 50187TAE6 | LGI HOMES INC 6.87500 07/15/2026 | US | 200,000 | $192,500.00 | |
| 50212YAB0 | LPL HOLDINGS INC 5.75000 09/15/2025 | US | 110,000 | $108,163.00 | |
| 502160AM6 | LSB INDUSTRIES 9.62500 05/01/2023 | US | 175,000 | $178,062.50 | |
| 505742AD8 | LADDER CAP FIN LLLP/CORP 5.87500 08/01/2021 | US | 125,000 | $126,406.25 | |
| 5107401 | BEIERSDORF AG | DE | BEI GR | 875 | $87,588.89 |
| 5176177 | ORANGE | FR | ORA FP | 1,985 | $30,788.08 |
| 5253973 | HERMES INTERNATIONAL | FR | RMS FP | 30 | $17,978.65 |
| 5263574 | FLSMIDTH & CO A/S | DK | FLS DC | 250 | $11,717.62 |
| 529043101 | LEXINGTON REALTY TRUST | US | LXP | 8,125 | $78,081.25 |
| 531172104 | LIBERTY PROPERTY TRUST | US | LPT | 3,705 | $174,653.70 |
| 5330047 | DASSAULT SYSTEMES SA | FR | DSY FP | 150 | $18,799.71 |
| 53815P108 | LIVERAMP HOLDINGS INC | US | RAMP | 57,675 | $2,505,402.00 |
| 54238XAC2 | LONESTAR RESOURCES AMERICA 11.25000 01/01/2023 | US | 115,000 | $110,400.00 | |
| 5474008 | BANKINTER S.A. | ES | BKT SM | 11,590 | $90,497.45 |
| 550021109 | LULULEMON - ADR | CA | LULU | 20,455 | $3,023,453.55 |
| 5505072 | KERING | FR | KER FP | 80 | $40,121.74 |
| 55616XAC1 | MACYS RETAIL HLDGS INC 7.00000 02/15/2028 | US | 1,180,000 | $1,225,901.83 | |
| 55933JAB0 | MAGNACHIP SEMICONDUCTOR 6.62500 07/15/2021 | US | 275,000 | $261,250.00 | |
| 5596991 | UCB SA | BE | UCB BB | 740 | $64,123.15 |
| 5669354 | REPSOL SA | ES | REP SM | 7,794.86 | $136,823.19 |
| 5671519 | WOLTERS KLUWER | NL | WKL NA | 720 | $44,777.38 |
| 5671735 | SANOFI-AVENTIS | FR | SAN FP | 1,150 | $99,955.33 |
| 5701513 | ELISA OYJ | FI | ELISA FH | 1,045 | $43,720.14 |
| 5713422 | METSO OYJ | FI | METSO FH | 425 | $12,502.76 |
| 5727973 | SIEMENS AG-REG | DE | SIE GR | 830 | $91,131.98 |
| 5735631 | TAG IMMOBILIEN AG | DE | TEG GR | 2,630 | $66,469.92 |
| 57636Q104 | MASTERCARD INC-CLASS A | US | MA | 28,820 | $6,084,766.60 |
| 58502BAC0 | MEDNAX INC 6.25000 01/15/2027 | US | 155,000 | $156,162.50 | |
| 58933Y105 | MERCK & CO INC | US | MRK | 26,950 | $2,005,888.50 |
| 59001ABA9 | MERITAGE HOMES CORP 5.12500 06/06/2027 | US | 105,000 | $94,203.90 | |
| 594918104 | MICROSOFT CORP | US | MSFT | 49,140 | $5,131,690.20 |
| 59522J103 | MID-AMERICA APARTMENT COMM | US | MAA | 1,255 | $127,106.40 |
| 5962280 | CHOCOLADEFABRIKEN LINDT-PC | CH | LISP SW | 3 | $19,075.49 |
| 5966516 | SOCIETE GENERALE | FR | GLE FP | 830 | $25,878.93 |
| 5980613 | GIVAUDAN - REG | CH | GIVN SW | 15 | $36,390.86 |
| 6055112 | AYALA LAND INC | PH | ALI PM | 60,300 | $51,520.83 |
| 6074968 | BANK OF THE PHILIPPINE ISLAN | PH | BPI PM | 14,640 | $25,625.66 |
| 609207105 | MONDELEZ INTERNATIONAL INC | US | MDLZ | 80,390 | $3,718,841.40 |
| 615369105 | MOODY'S CORPORATION | US | MCO | 14,455 | $2,291,262.05 |
| 61744YAG3 | MORGAN STANLEY FLT 3.81125 05/08/2024 | US | 3,930,000 | $3,939,392.70 | |
| 6175076 | KT&G CORP | KR | 033780 KS | 480 | $42,740.08 |
| 6196408 | CHUGAI PHARMACEUTICAL CO LTD | JP | 4519 JP | 700 | $41,332.53 |
| 6211732 | DAEWOO SHIPBUILDING& MARINE | KR | 042660 KS | 1,125 | $37,636.04 |
| 62426EAA3 | MOUNTAIN PROVINCE DIAMON 8.00000 12/15/2022 | CA | 245,000 | $247,450.00 | |
| 6264189 | NCSOFT CORP | KR | 036570 KS | 150 | $63,162.49 |
| 6272483 | DMCI HOLDINGS INC | PH | DMC PM | 83,200 | $20,121.12 |
| 6284864 | GLOBE TELECOM INC | PH | GLO PM | 630 | $24,503.36 |
| 62913TAM4 | NGL ENRGY PART LP/FIN CO 6.12500 03/01/2025 | US | 160,000 | $144,600.00 | |
| 6291819 | CHINA PETROLEUM & CHEMICAL - H | CN | 386 HK | 162,000 | $135,463.58 |
| 6308913 | ELBIT SYSTEMS LTD | IL | ESLT IT | 350 | $43,355.10 |
| 6356934 | FANUC LTD | JP | 6954 JP | 435 | $73,985.50 |
| 637417106 | NATIONAL RETAIL PROPERTIES | US | NNN | 1,665 | $87,762.15 |
| 637870106 | NATIONAL STORAGE AFFILIATES | US | NSA | 1,360 | $39,576.00 |
| 63938CAE8 | NAVIENT CORP 7.25000 09/25/2023 | US | 115,000 | $117,012.50 | |
| 64110W102 | NETEASE.COM INC- ADR | CN | NTES | 115 | $28,971.95 |
| 6441506 | HOYA CORP | JP | 7741 JP | 1,100 | $63,841.09 |
| 6446620 | HYUNDAI HEAVY INDUSTRIES | KR | 009540 KS | 1,045 | $130,774.81 |
| 6451066 | HYUNDAI MIPO DOCKYARD | KR | 010620 KS | 2,300 | $130,332.00 |
| 6467104 | ISUZU MOTORS LTD | JP | 7202 JP | 2,900 | $43,138.52 |
| 6472119 | JARDINE MATHESON HLDGS LTD | HK | JM SP | 640 | $42,812.58 |
| 6474494 | JOLLIBEE FOODS CORP | PH | JFC PM | 5,120 | $31,094.36 |
| 647581107 | NEW ORIENTAL EDUCATIO- SP ADR | CN | EDU | 1,635 | $125,960.40 |
| 6482903 | KANAMOTO CO LTD | JP | 9678 JP | 1,900 | $52,790.89 |
| 64829DAG1 | NRZT 2014-3A AFX3 3.75000 11/25/2054 | US | 609,815.36 | $609,491.00 | |
| 64829EAA2 | NRZT 2015-2A A1 3.75000 08/25/2055 | US | 800,785.57 | $801,147.53 | |
| 64829LAA6 | NRZT 2016-4A A1 3.75000 11/25/2056 | US | 1,436,435.09 | $1,434,372.37 | |
| 6490809 | KIKKOMAN CORP | JP | 2801 JP | 1,600 | $85,119.76 |
| 6490995 | KEYENCE CORP | JP | 6861 JP | 480 | $247,015.46 |
| 6514442 | METROPOLITAN BANK & TRUST | PH | MBT PM | 20,130 | $32,493.28 |
| 6518808 | LION CORP | JP | 4912 JP | 3,100 | $64,607.08 |
| 6531827 | GEELY AUTOMOBILE HOLDINGS LT | CN | 175 HK | 36,000 | $61,250.36 |
| 6641588 | NISSAN CHEMICAL INDUSTRIES | JP | 4021 JP | 1,600 | $85,070.42 |
| 6642387 | YAMAHA CORP | JP | 7951 JP | 2,100 | $91,903.50 |
| 6648891 | ORIENTAL LAND CO LTD FIRST SECT | JP | 4661 JP | 400 | $41,013.57 |
| 66727WAA0 | NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 | CA | 245,000 | $244,069.00 | |
| 6683449 | KANGWON LAND INC | KR | 035250 KS | 1,525 | $46,657.99 |
| 66987V109 | NOVARTIS AG- REG | CH | NVS | 72,505 | $6,345,637.60 |
| 67020YAQ3 | NUANCE COMMUNICATIONS 5.62500 12/15/2026 | US | 120,000 | $117,600.00 | |
| 67087MAA4 | OBP DEPOSITOR LLC TRUST 4.64620 07/15/2045 | US | 100,000 | $101,346.17 | |
| 6742340 | SHANDONG WEIGAO | CN | 1066 HK | 64,000 | $53,623.25 |
| 6743882 | JAPAN EXCHANGE GROUP INC | JP | 8697 JP | 4,200 | $73,956.45 |
| 6772217 | SAMSUNG HEAVY INDUSTRIES | KR | 010140 KS | 4,715 | $38,730.00 |
| 6791591 | SECOM CO LTD | JP | 9735 JP | 500 | $41,861.00 |
| 6818843 | SM PRIME HOLDINGS INC | PH | SMPH PM | 83,850 | $61,480.02 |
| 68323ADY7 | ONTARIO (PROVINCE OF) 1.25000 06/17/2019 | CA | 1,300,000 | $1,293,058.90 | |
| 6865504 | SUZUKI MOTOR CORP | JP | 7269 JP | 1,900 | $99,219.05 |
| 6885074 | TERUMO CORP | JP | 4543 JP | 700 | $39,964.48 |
| 6895200 | TOHO CO LTD | JP | 9602 JP | 1,100 | $40,127.08 |
| 6913168 | GUANGDONG INVESTMENT LTD | HK | 270 HK | 44,000 | $84,025.91 |
| 69145LAA2 | OXFORD FIN LLC/CO-ISS II 6.37500 12/15/2022 | US | 200,000 | $202,500.00 | |
| 6919519 | UNIVERSAL ROBINA CORP | PH | URC PM | 16,860 | $47,950.46 |
| 6979728 | WOODSIDE PETROLEUM LTD | AU | WPL AU | 4,415 | $110,433.88 |
| 6985112 | YAKULT HONSHA CO LTD | JP | 2267 JP | 600 | $40,042.60 |
| 70014LAC4 | PARK AEROSPACE HOLDINGS 4.50000 03/15/2023 | KY | 205,000 | $201,156.25 | |
| 7021963 | DEUTSCHE BOERSE AG | DE | DB1 GR | 500 | $66,573.81 |
| 7062713 | SODEXO | FR | SW FP | 425 | $44,242.93 |
| 7088429 | AXA SA | FR | CS FP | 2,215 | $51,366.13 |
| 7103065 | NOVARTIS AG-REG | CH | NOVN SW | 1,780 | $155,395.37 |
| 7103526 | PEUGEOT SA | FR | UG FP | 515 | $12,955.01 |
| 7110388 | ROCHE HOLDING AG-GENUSSCHEIN | CH | ROG SW | 620 | $164,942.16 |
| 7110902 | TECAN GROUP AG-REG | CH | TECN SW | 150 | $30,290.18 |
| 7123870 | NESTLE SA-REGISTERED | CH | NESN SW | 46,609 | $4,063,553.96 |
| 7133608 | EQUINOR ASA | NO | EQNR NO | 5,520 | $126,221.33 |
| 713448108 | PEPSICO INC | US | PEP | 30,250 | $3,408,267.50 |
| 7145056 | ENI SPA | IT | ENI IM | 7,700 | $130,559.62 |
| 7156036 | SONOVA HOLDING AG-REG | CH | SOON SW | 495 | $92,899.54 |
| 71642QAB3 | PDLLN 7 1/4 05/01/22 7.25000 05/01/2022 | GB | 120,000 | $112,800.00 | |
| 71943U104 | PHYSICIANS REALTY TRUST | US | DOC | 11,655 | $211,072.05 |
| 7212477 | ESSILORLUXOTTICA | FR | EL FP | 255 | $32,303.11 |
| 7262610 | CREDIT AGRICOLE SA | FR | ACA FP | 1,445 | $16,503.92 |
| 729640102 | PLYMOUTH INDUSTRIAL REIT INC | US | 2,510 | $40,260.40 | |
| 7309681 | BNP PARIBAS | FR | BNP FP | 1,260 | $59,378.63 |
| 7380482 | COMPAGNIE DE SAINT-GOBAIN | FR | SGO FP | 500 | $17,253.96 |
| 741503AZ9 | PRICELINE GROUP INC/THE 3.60000 06/01/2026 | US | 4,060,000 | $3,991,648.15 | |
| 74340W103 | PROLOGIS | US | PLD | 5,835 | $403,548.60 |
| 744320AL6 | PRUDENTIAL FINANCIAL INC 5.87500 09/15/2042 | US | 2,480,000 | $2,579,200.00 | |
| 74460D109 | PUBLIC STORAGE INC | US | PSA | 1,130 | $240,147.60 |
| 74736K101 | QORVO INC | US | QRVO | 57,880 | $3,783,036.80 |
| 756109104 | REALTY INCOME CORP | US | O | 750 | $51,517.50 |
| 75886F107 | REGENERON PHARMACEUTICALS INC | US | REGN | 4,065 | $1,744,982.55 |
| 76131D103 | RESTAURANT BRANDS INTERN | CA | QSR | 935 | $58,577.75 |
| 7698356 | GETINGE AB-B SHS | SE | GETIB SS | 2,880 | $32,518.89 |
| 77340RAK3 | ROCKIES EXPRESS PIPELINE 5.62500 04/15/2020 | US | 170,000 | $172,975.00 | |
| 77714PAB5 | SEMGROUP / ROSE ROCK FIN 5.62500 07/15/2022 | US | 115,000 | $109,250.00 | |
| 780259107 | ROYAL DUTCH SHELL PLC-ADR B | NL | RDS/B | 3,020 | $189,656.00 |
| 783513203 | RYANAIR HOLDINGS - ADR | IE | RYAAY | 608 | $43,168.00 |
| 78409V104 | S&P GLOBAL INC | US | SPGI | 12,195 | $2,337,171.75 |
| 78410G104 | SBA COMMUNICATIONS CORP | US | SBAC | 11,940 | $2,179,408.20 |
| 78442PGC4 | SLM CORP 5.12500 04/05/2022 | US | 235,000 | $227,950.00 | |
| 78490DAA2 | SOFI 2018-C A1FX 3.08000 01/25/2048 | US | 2,549,509.65 | $2,548,514.32 | |
| 785592AV8 | SABINE PASS LIQUEFACTION 5.87500 06/30/2026 | US | 3,650,000 | $3,955,014.15 | |
| 80282KAE6 | SANTANDER HOLDINGS USA 4.50000 07/17/2025 | US | 2,430,000 | $2,474,314.99 | |
| 806857108 | SCHLUMBERGER LTD | NL | SLB | 41,365 | $1,828,746.65 |
| 808513105 | CHARLES SCHWAB CORP/THE | US | SCHW | 38,935 | $1,820,989.95 |
| 81141R100 | SEA LTD - ADR | SG | SE | 4,120 | $57,721.20 |
| 81211K100 | SEALED AIR CORP | US | SEE | 72,190 | $2,851,505.00 |
| 812578102 | SEATTLE GENETICS INC | US | SGEN | 30,770 | $2,351,751.10 |
| 81745CAB9 | SEMT 2013-7 A2 3.00000 06/25/2043 | US | 540,124.8 | $523,228.08 | |
| 81745EAA7 | SEMT 2013-8 A1 3.00000 06/25/2043 | US | 745,650.45 | $725,145.06 | |
| 81745MAA9 | SEMT 2013-2 1.87400 02/25/2043 | US | 573,543.65 | $517,009.74 | |
| 81762P102 | SERVICENOW INC | US | NOW | 10,205 | $2,245,304.10 |
| 822538AE4 | SHELF DRILL HOLD LTD 8.25000 02/15/2025 | KY | 140,000 | $127,050.00 | |
| 828806109 | SIMON PROPERTY GROUP INC | US | SPG | 2,685 | $488,992.20 |
| 83401BAA4 | SOFI 2017-F A1FX 2.05000 01/25/2041 | US | 225,823.44 | $223,777.75 | |
| 83401BAB2 | SOFI 2017-F A2FX 2.84000 01/25/2041 | US | 225,000 | $220,729.48 | |
| 83404YAA1 | SCLP 2016-5 A 3.06000 09/25/2028 | US | 270,146.19 | $268,948.04 | |
| 83406EAB1 | SOFI 2018-A A2A 2.39000 02/25/2042 | US | 518,087.34 | $513,669.61 | |
| 84265VAD7 | SOUTHERN COPPER CORP 5.37500 04/16/2020 | US | 2,390,000 | $2,455,964.07 | |
| 845467AL3 | SOUTHWESTERN ENERGY CO 6.20000 01/23/2025 | US | 220,000 | $213,400.00 | |
| 85254J102 | STAG INDUSTRIAL INC | US | STAG | 3,660 | $100,906.20 |
| 85571XAA5 | SRPT 2014-STAR A FLTG RATE 3.72894 11/15/2027 | US | 1,538,835.55 | $1,524,432.20 | |
| 862121100 | STORE CAPITAL CORP | US | STOR | 1,490 | $48,156.80 |
| 866674104 | SUN COMMUNITIES | US | SUI | 1,640 | $180,252.40 |
| 867892101 | SUNSTONE HOTEL INVESTORS INC | US | SHO | 5,915 | $84,584.50 |
| 874080104 | TAL EDUCATION GROUP - ADR | CN | TAL | 1,085 | $33,667.55 |
| 87677QAA9 | TXEZ 2016-1A 3.13100 06/15/2028 | US | 417,730.83 | $414,164.04 | |
| 87854WAA1 | TECHNIPLAS LLC 10.00000 05/01/2020 | US | 170,000 | $158,737.50 | |
| 88104LAE3 | TERRAFORM POWER OPERATIN 5.00000 01/31/2028 | US | 100,000 | $92,875.00 | |
| 88650V208 | TIER REIT INC | US | TIER | 7,045 | $165,557.50 |
| 89173CAA5 | TPMT 2016-5 A1 2.50000 10/25/2056 | US | 2,011,976.63 | $1,951,602.84 | |
| 89613BAA5 | TAH 2016-SFR1 A 2.58900 11/17/2033 | US | 1,985,701.91 | $1,932,458.29 | |
| 89613FAA6 | TAH 2017-SFR2 A 2.92800 01/17/2036 | US | 912,704.6 | $883,650.11 | |
| 901109AF5 | TUTOR PERINI CORP 6.87500 05/01/2025 | US | 255,000 | $252,200.10 | |
| 902653104 | UDR INC | US | UDR | 4,535 | $198,406.25 |
| 903002103 | UMH PROPERTIES INC | US | UMH | 3,355 | $47,070.65 |
| 90320MAA3 | UPCB FINANCE IV LTD 5.37500 01/15/2025 | KY | 100,000 | $96,250.00 | |
| 904767704 | UNILEVER PLC - ADR | GB | UL | 63,883 | $3,360,245.80 |
| 912796QY8 | TREASURY BILL 0.00000 02/21/2019 | US | 2,000,000 | $1,997,397.22 | |
| 912810FM5 | UNITED STATES TREAS BOND 6.25000 05/15/2030 | US | 3,558,000 | $4,788,845.63 | |
| 912810PT9 | UNITED STATES TREAS BOND 4.75000 02/15/2037 | US | 6,754,000 | $8,648,285.94 | |
| 912810QV3 | UNITED STATES TREAS INFL INDEX 0.75000 02/15/2042 | US | 2,568,789.23 | $2,398,439.72 | |
| 912810RK6 | US TREASURY N/B 2.50000 02/15/2045 | US | 10,747,000 | $9,770,954.13 | |
| 912810RX8 | US TREASURY N/B 3.00000 05/15/2047 | US | 6,854,000 | $6,845,432.50 | |
| 9128283W8 | US TREASURY N/B 2.75000 02/15/2028 | US | 9,010,000 | $9,102,915.63 | |
| 912828K33 | UNITED STATES TREAS INFL INDEX 0.12500 04/15/2020 | US | 21,448,586.25 | $21,164,001.47 | |
| 912828R36 | US TREASURY N/B 1.62500 05/15/2026 | US | 9,501,000 | $8,923,517.34 | |
| 912828S92 | US TREASURY N/B 1.25000 07/31/2023 | US | 16,050,000 | $15,234,960.94 | |
| 912828UH1 | UNITED STATES TREAS INFL INDEX 0.12500 01/15/2023 | US | 2,536,616.12 | $2,478,838.27 | |
| 912828X88 | US TREASURY N/B 2.37500 05/15/2027 | US | 9,036,000 | $8,896,224.38 | |
| 912828XB1 | UNITED STATES TREAS NTS 2.12500 05/15/2025 | US | 9,125,000 | $8,919,687.50 | |
| 91704F104 | URBAN EDGE PROPERTIES | US | UE | 6,010 | $122,724.20 |
| 92276F100 | VENTAS INC | US | VTR | 1,550 | $99,959.50 |
| 92339V100 | VEREIT INC | US | VER | 16,325 | $131,906.00 |
| 92343VDV3 | VERIZON COMMUNICATIONS 5.50000 03/16/2047 | US | 3,680,000 | $4,117,806.21 | |
| 92532F100 | VERTEX PHARMACEUTICALS INC | US | VRTX | 8,770 | $1,674,280.70 |
| 92826C839 | VISA INC - CLASS A SHARES | US | V | 34,580 | $4,668,645.80 |
| 92903PAC3 | VNO 2010 - VNO A2FX 4.00350 09/13/2028 | US | 275,000 | $279,426.95 | |
| 929042109 | VORNADO REALTY TRUST | US | VNO | 2,060 | $144,014.60 |
| 92922PAL0 | W & T OFFSHORE INC 9.75000 11/01/2023 | US | 140,000 | $136,150.00 | |
| 92960PAA7 | W/S PACKAGING HOLDINGS 9.00000 04/15/2023 | US | 145,000 | $145,725.00 | |
| 94856UAA9 | WEEKLEY HOMES LLC/ FINAN 6.62500 08/15/2025 | US | 250,000 | $230,000.00 | |
| 948741103 | WEINGARTEN REALTY INVESTORS | US | WRI | 3,940 | $113,038.60 |
| 95040Q104 | WELLTOWER INC. | US | WELL | 1,860 | $144,131.40 |
| 962178AL3 | TRI POINTE HOLDINGS INC 4.37500 06/15/2019 | US | 560,000 | $560,000.00 | |
| 962178AN9 | TRI POINTE GROUP / HOMES 5.87500 06/15/2024 | US | 145,000 | $139,743.75 | |
| 96949LAD7 | WILLIAMS PARTNERS LP 3.75000 06/15/2027 | US | 1,910,000 | $1,858,255.20 | |
| 97651JAE6 | WINWATER MORTGAGE LOAN TRUST 3.50000 03/20/2045 | US | 654,427.9 | $652,595.44 | |
| 97652TAA1 | WIN 2015-1 A1 3.50000 01/20/2045 | US | 804,075.61 | $794,630.86 | |
| 98919V105 | ZAYO GROUP HOLDINGS INC | US | ZAYO | 36,840 | $1,011,258.00 |
| AP0787667 | MPC CONTAINER SHIPS FLT 7.57163 09/22/2022 | NL | 200,000 | $196,436.00 | |
| AP8694550 | BOREALIS FINANCE LLC 7.50000 11/16/2022 | MH | 270,000 | $255,825.00 | |
| B00FM53 | BANCO BRADESCO SA - PREF | BR | BBDC4 BZ | 5,500 | $68,252.36 |
| B0190C7 | TECHTRONIC INDUSTRIES CO LTD | HK | 669 HK | 7,500 | $43,781.61 |
| B01FLR7 | PING AN INSURANCE GROUP CO-H | CN | 2318 HK | 10,000 | $97,355.60 |
| B01JCK9 | LI NING CO LTD | CN | 2331 HK | 81,409 | $100,167.65 |
| B02J639 | ADMIRAL GROUP PLC | GB | ADM LN | 1,700 | $46,226.38 |
| B02L3W3 | BERKELEY GROUP HOLDINGS | GB | BKG LN | 1,270 | $62,530.28 |
| B037HR3 | ITAU UNIBANCO HOLDINGS S-PREF | BR | ITUB4 BZ | 6,050 | $64,328.53 |
| B058TZ6 | SAFRAN SA | FR | SAF FP | 340 | $44,672.24 |
| B068DB9 | SM INVESTMENTS CORP | PH | SM PM | 2,385 | $45,497.12 |
| B07DRZ5 | RECORDATI SPA | IT | REC IM | 1,285 | $46,563.62 |
| B09DHL9 | MTU AERO ENGINES HOLDING AG | DE | MTX GR | 205 | $44,206.57 |
| B0C2CQ3 | ENGIE | FR | ENGI FP | 1,645 | $26,371.46 |
| B0CGYD6 | LOJAS RENNER S.A. | BR | LREN3 BZ | 4,290 | $53,519.14 |
| B0JDQD4 | BANDAI NAMCO HOLDINGS INC | JP | 7832 JP | 2,000 | $88,353.42 |
| B0SWJX3 | LONDON STOCK EXCHANGE GROUP | GB | LSE LN | 2,205 | $132,610.48 |
| B0YZ0Z5 | DEUTSCHE WOHNEN SE | DE | DWNI GR | 2,661 | $132,936.18 |
| B15C557 | TOTAL SA | FR | FP FP | 2,295 | $125,814.20 |
| B19NLV4 | EXPERIAN PLC | GB | EXPN LN | 1,815 | $45,570.13 |
| B1FW751 | GALP ENERGIA SGPS SA | PT | GALP PL | 7,530 | $117,652.33 |
| B1KFX13 | GRUPO AEROPORTUARIO DEL CENT | MX | OMAB MM | 7,700 | $43,009.43 |
| B1XFTL2 | HEXAGON AB-B SHS | SE | HEXAB SS | 1,940 | $95,004.64 |
| B1XH026 | VINCI SA | FR | DG FP | 1,760 | $154,862.87 |
| B1Y9TB3 | DANONE | FR | BN FP | 2,555 | $185,931.46 |
| B1YVKN8 | ANTA SPORTS PRODUCTS LTD | CN | 2020 HK | 24,000 | $124,151.01 |
| B1YXBJ7 | AIR LIQUIDE | FR | AI FP | 460 | $55,843.64 |
| B1Z9Q99 | ABOITIZ POWER CORP | PH | AP PM | 35,900 | $26,513.34 |
| B247XZ6 | MANILA ELECTRIC COMPANY | PH | MER PM | 5,950 | $41,856.33 |
| B249GC0 | MATSUMOTOKIYOSHI HOLDINGS CO | JP | 3088 JP | 1,900 | $58,695.20 |
| B283W97 | CAIXABANK S.A | ES | CABK SM | 21,845 | $82,617.54 |
| B2B0DG9 | RELX PLC | GB | REL LN | 2,095 | $46,403.14 |
| B3NB1P2 | SUNCOR ENERGY INC | CA | SU CN | 4,110 | $132,563.49 |
| B3ZCNF7 | TELEFONICA BRASIL S.A. - PREF | BR | VIVT4 BZ | 3,500 | $46,724.88 |
| B3ZD2V9 | MEX BONOS DESARR FIX RT 6.50000 06/10/2021 | MX | 2,850,000 | $143,563.78 | |
| B4888C1 | CANADIAN GOVERNMENT FLT 2.75000 06/01/2022 | CA | 360,000 | $282,498.42 | |
| B4975P9 | MAGAZINE LUIZA SA | BR | MGLU3 BZ | 400 | $19,639.18 |
| B4NDCC9 | MEX BONOS DESARR FIX RT 6.50000 06/09/2022 | MX | 4,000,000 | $198,643.99 | |
| B4R2R50 | JULIUS BAER | CH | BAER SW | 2,405 | $96,662.38 |
| B4V5RY4 | BANCO SANTANDER BRASIL - UNIT | BR | SANB11 BZ | 2,700 | $35,585.93 |
| B4YN9R2 | SINGAPORE GOVERNMENT 2.50000 06/01/2019 | SG | 660,000 | $490,947.93 | |
| B5VJH76 | BDO UNIBANK INC | PH | BDO PM | 17,530 | $45,545.20 |
| B607XS1 | VERMILION ENERGY INC | CA | VET CN | 4,280 | $104,886.79 |
| B615Y14 | MEX BONOS DESARR FIX RT 8.00000 06/11/2020 | MX | 5,300,000 | $276,127.44 | |
| B61JC67 | TREASURY WINE ESTATES LTD | AU | TWE AU | 11,535 | $129,814.53 |
| B63QM77 | NEXON CO LTD | JP | 3659 JP | 14,100 | $214,509.90 |
| B6TC406 | MEX BONOS DESARR FIX RT 7.75000 05/29/2031 | MX | 1,000,000 | $48,894.87 | |
| B725S29 | PUREGOLD PRICE CLUB INC | PH | PGOLD PM | 22,100 | $19,308.98 |
| B7311V6 | KALBE FARMA TBK PT | ID | KLBF IJ | 397,000 | $45,500.00 |
| B7T7721 | ROYAL BANK OF SCOTLAND | GB | RBS LN | 20,175 | $63,999.23 |
| B800MQ5 | ASTRA INTERNATIONAL TBK PT | ID | ASII IJ | 75,428 | $45,758.54 |
| B8FMRX8 | COLOPLAST-B | DK | COLOB DC | 480 | $43,847.62 |
| B8K9X70 | GRAND CITY PROPERTIES | DE | GYC GR | 2,794 | $69,515.96 |
| B92RW83 | LT GROUP INC | PH | LTG PM | 68,300 | $20,353.32 |
| B9895B7 | COCA-COLA HBC AG-DI | CH | CCH LN | 1,960 | $65,873.74 |
| B9G6L89 | LEG IMMOBILIEN AG | DE | LEG GR | 855 | $100,437.82 |
| B9N3SQ0 | BB SEGURIDADE PARTICIPACOES | BR | BBSE3 BZ | 3,200 | $27,251.59 |
| BBD7Q84 | SUNTORY BEVERAGE & FOOD LTD | JP | 2587 JP | 1,000 | $44,276.69 |
| BBG00MJRX139 | QRVO US 02/15/19 C67.5 | US | -127 | -$22,860.00 | |
| BBG00MMG82L5 | GOOG US 02/15/19 C1110 | US | -10 | -$37,000.00 | |
| BBG00MSXTDS8 | NOW US 02/01/19 C202.5 | US | -42 | -$73,290.00 | |
| BBG00MY7SR35 | MSFT US 02/08/19 C111 | US | -77 | -$770.00 | |
| BBG00N27NTT1 | BKNG US 03/01/19 C1970 | US | -4 | -$7,920.00 | |
| BBJPFY1 | VONOVIA SE | DE | VNA GR | 2,730 | $137,205.68 |
| BD0Q398 | KONINKLIJKE AHOLD DELHAIZE N | NL | AD NA | 2,485 | $65,469.92 |
| BD1WX84 | ENGIE BRASIL ENERGIA SA | BR | EGIE3 BZ | 5,350 | $61,388.87 |
| BD3JR69 | CHINA MAPLE LEAF EDUCATIONAL | CN | 1317 HK | 106,000 | $45,770.36 |
| BD4T6W7 | TELEKOMUNIKASI INDONESIA PER | ID | TLKM IJ | 170,000 | $47,443.42 |
| BD4TZK8 | OCI NV | NL | OCI NA | 1,770 | $37,431.21 |
| BD6K457 | COMPASS GROUP PLC | GB | CPG LN | 2,065 | $44,187.89 |
| BD82246 | EAGLE BULK SHIPCO 8.25000 11/28/2022 | MH | 196,000 | $194,040.00 | |
| BD9Y5C0 | TECHNOGYM SPA | IT | TGYM IM | 5,635 | $65,338.00 |
| BD9Y9B7 | BASIC-FIT NV | NL | BFIT NA | 2,145 | $65,622.87 |
| BDFLHY1 | AIRPORTS OF THAILAND PCL-FOR | TH | AOT/F TB | 20,800 | $46,063.09 |
| BDQZ7T7 | WISDOM EDUCATION INTERNATION | CN | 6068 HK | 104,000 | $42,493.61 |
| BDZV116 | EPIROC AB-A | SE | EPIA SS | 1,530 | $14,691.57 |
| BF7LBH4 | ATACADAO DISTRIBUICAO COMERC | BR | CRFB3 BZ | 4,700 | $25,760.31 |
| BF955D8 | TELENET FINANCE LUX NOTE 5.50000 03/01/2028 | LU | 280,000 | $264,600.00 | |
| BFTCYP4 | ROBINSONS RETAIL HOLDINGS IN | PH | RRHI PM | 11,880 | $20,062.18 |
| BFYM460 | UNIBAIL-RODAMCO-WESTFIELD | FR | URW NA | 985 | $177,153.59 |
| BG36ZK1 | B3 SA-BRASIL BOLSA BALCAO | BR | B3SA3 BZ | 4,500 | $38,828.42 |
| BG7ZWY7 | AMBEV SA | BR | ABEV3 BZ | 14,800 | $71,053.96 |
| BGHQ198 | HIBERNIA REIT PLC | IE | HBRN ID | 48,400 | $72,793.62 |
| BH4TZ73 | FU SHOU YUAN INTERNATIONAL | CN | 1448 HK | 137,000 | $112,338.99 |
| BHC8X90 | NOVO NORDISK A/S-B | DK | NOVOB DC | 935 | $43,819.79 |
| BJ2KSG2 | AKZO NOBEL | NL | AKZA NA | 1,800 | $154,920.89 |
| BMMV2K8 | TENCENT HOLDINGS LTD | CN | 700 HK | 111,802 | $4,976,823.27 |
| BNGN9Z1 | FINECOBANK SPA | IT | FBK IM | 11,040 | $120,048.31 |
| BP9DL90 | INDUSTRIA DE DISENO TEXTIL | ES | ITX SM | 77,280 | $2,161,764.95 |
| BSQXJ01 | THULE GROUP AB/THE | SE | THULE SS | 4,630 | $94,529.50 |
| BSS7GP5 | AGL ENERGY LTD | AU | AGL AU | 4,305 | $67,264.21 |
| BYMXPS7 | UNICREDIT SPA | IT | UCG IM | 3,697 | $42,738.98 |
| BYNXBZ5 | ADO PROPERTIES SA | DE | ADJ GR | 560 | $33,616.41 |
| BYW0PQ6 | LAND SECURITIES GROUP PLC | GB | LAND LN | 2,770 | $31,501.34 |
| BYWPGC4 | CHINA YUHUA EDUCATION CORP L | CN | 6169 HK | 162,000 | $65,540.00 |
| BYXS699 | QIAGEN N.V. | NL | QIA GR | 2,100 | $77,560.79 |
| BYYHL23 | ANHEUSER-BUSCH INBEV SA/NV | BE | ABI BB | 54,612 | $4,172,528.39 |
| BYZFZ91 | SOPHOS GROUP PLC | GB | SOPH LN | 16,250 | $71,952.46 |
| BZ3C3Q4 | BANKIA SA | ES | BKIA SM | 27,786 | $80,995.33 |
| BZ4CMZ5 | DAVIDE CAMPARI-MILANO SPA | IT | CPR IM | 9,960 | $89,486.15 |
| G02602103 | AMDOCS LTD | GG | DOX | 2,880 | $160,934.40 |
| G0772R208 | BANK OF N.T. BUTTERFIELD&SON | BM | NTB | 1,360 | $47,668.00 |
| G25839104 | COCA-COLA EUROPEAN PARTNERS | GB | CCEP | 1,315 | $62,567.70 |
| G27358103 | DESPEGAR.COM CORP | AR | DESP | 1,705 | $25,609.10 |
| G3157S106 | ENSCO INTERNATIONAL INC | US | ESV | 146,435 | $644,314.00 |
| G37585AC3 | GASLOG LTD 8.87500 03/22/2022 | BM | 250,000 | $253,750.00 | |
| G5960L103 | MEDTRONIC INC | IE | MDT | 68,720 | $6,074,160.80 |
| G84720104 | STERIS PLC | GB | STE | 565 | $64,443.90 |
| G97822103 | PERRIGO CO PLC | IE | PRGO | 2,270 | $105,441.50 |
| H8817H100 | TRANSOCEAN LTD | US | RIG | 93,950 | $805,151.50 |
| M22465104 | CHECK POINT SOFTWARE TECH | IL | CHKP | 420 | $47,006.40 |
| N22717107 | CORE LABORATORIES N.V. | NL | CLB | 1,025 | $69,146.50 |
| N47279109 | INTERXION HOLDING NV | NL | INXN | 49,530 | $2,973,781.20 |
| N72482123 | QIAGEN N.V. ADR | NL | QGEN | 1,470 | $54,434.10 |
| USD | US DOLLAR | US | 4,624,977.9 | $4,624,977.90 |
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
$29.70
Daily $ Change
$0.10
Daily % Change
0.34%
as of 02/15/2019
CUSIP
563821131
Inception Date
01/01/2000
This fund is only available for use within certain qualified employee benefit plans.
Important Documents
| Annual Report | |
| Fact Sheet | |
| Applications & Forms |
Investment Objective
To provide 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 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 | 15+ Years | 7-20 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.
Performance
As of 01/31/2019
YTD
3.89%
1 Year
-0.84%
3 Year
5.60%
5 Year
3.13%
10 Year
7.28%
Inception
(01/01/2000)
5.78%
US Stock Market Cycle (04/01/2000 - 01/31/2019)
5.76%
Returns are net of Pro-Mix® CIT Class S expenses. Performance data quoted represents past performance and does not guarantee future results. Performance for periods greater than one year is annualized. Your investment may fluctuate in value and there is a potential for loss as well as profit.
Expense Ratio
| Gross | 0.90% |
| Net | 0.90%* |
*Reflects the Trustee’s contractual agreement to limit fees and voluntary agreement to reimburse certain expenses.
Top Ten Investments
As of 01/31/2019
| TREASURY NOTES | 10.82% |
| GOVERNMENT AGENCY | 6.55% |
| TREASURY BONDS | 6.37% |
| UNITED STATES TREAS INFL INDEX 0.12500 04/15/2020 | 4.48% |
| NOVARTIS AG- REG | 1.34% |
| MASTERCARD INC-CLASS A | 1.29% |
| MEDTRONIC INC | 1.29% |
| BOOKING HOLDINGS INC | 1.13% |
| MICROSOFT CORP | 1.09% |
| TENCENT HOLDINGS LTD | 1.05% |
This investment list is unaudited and excludes cash.
Asset Allocation
As of 01/31/2019
| Bonds | 61.29% | |
| Stocks | 37.74% | |
| Cash | 0.97% |
Detailed Asset Class Allocation
As of 01/31/2019
| International Equities | 13.76% | |
| Small Capitalization | 1.08% | |
| Mid Capitalization | 2.74% | |
| Large Capitalization | 20.16% | |
| Long Term Fixed Income | 20.47% | |
| Intermediate Term Fixed Income | 27.89% | |
| Short Term Fixed Income | 12.93% | |
| Cash | 0.97% |
Due to rounding, the sum of the detailed asset class allocation categories may not equal the asset allocation totals provided above.
January Fund Holdings
As of 01/31/2019
| CUSIP | Security Description | Country | Ticker | Shares/Par | Market Value (USD) |
|---|---|---|---|---|---|
| 00101JAH9 | ADT SEC CORP 4.12500 06/15/2023 | US | 140,000 | $134,750.00 | |
| 00101JAM8 | ADT CORP 5.25000 03/15/2020 | US | 90,000 | $91,350.00 | |
| 00206RDQ2 | AT&T INC 4.25000 03/01/2027 | US | 2,540,000 | $2,570,700.98 | |
| 00254EML3 | SWEDISH EXPORT CREDIT 1.12500 08/28/2019 | SE | 5,000,000 | $4,957,500.00 | |
| 00289XAA7 | ABENGOA YIELD PLC 7.00000 11/15/2019 | GB | 620,000 | $621,550.00 | |
| 004239109 | ACADIA REALTY TRUST | US | AKR | 1,575 | $45,249.75 |
| 0045614 | ANTOFAGASTA PLC | GB | ANTO LN | 2,775 | $31,723.54 |
| 00774MAG0 | AERCAP IRELAND CAP / GLOBA 4.45000 10/01/2025 | IE | 2,470,000 | $2,416,871.54 | |
| 0081180 | BARRATT DEVELOPMENTS PLC | GB | BDEV LN | 8,925 | $63,127.54 |
| 008492100 | AGREE REALTY CORP | US | ADC | 975 | $64,379.25 |
| 00928QAK7 | AIRCASTLE LTD 6.25000 12/01/2019 | BM | 120,000 | $122,580.53 | |
| 0136701 | BRITISH LAND CO PLC | GB | BLND LN | 4,200 | $31,638.92 |
| 015271109 | ALEXANDRIA REAL EST EQUITIES | US | ARE | 365 | $48,074.15 |
| 01609W102 | ALIBABA GROUP - ADR | CN | BABA | 1,085 | $182,811.65 |
| 01748XAA0 | ALLEGIANT TRAVEL CO 5.50000 07/15/2019 | US | 175,000 | $176,531.25 | |
| 02079K107 | ALPHABET INC-CL C | US | GOOG | 2,610 | $2,913,725.70 |
| 02079K305 | ALPHABET INC-CL A | US | GOOGL | 1,590 | $1,790,165.10 |
| 023135106 | AMAZON.COM INC | US | AMZN | 970 | $1,667,168.10 |
| 02319V103 | AMBEV SA-ADR | BR | ABEV | 417,670 | $2,008,992.70 |
| 0237400 | DIAGEO PLC | GB | DGE LN | 112,810 | $4,305,544.58 |
| 02376RAA0 | AMERICAN AIRLINES GROUP 5.50000 10/01/2019 | US | 530,000 | $533,763.00 | |
| 024835100 | AMERICAN CAMPUS COMMUNITIES | US | ACC | 1,570 | $72,251.40 |
| 0263494 | BAE SYSTEMS PLC | GB | BA/ LN | 15,390 | $103,534.07 |
| 02665T306 | AMERICAN HOMES 4 RENT- A | US | AMH | 8,735 | $193,130.85 |
| 02666TAA5 | AMERICAN HOMES 4 RENT 4.25000 02/15/2028 | US | 1,320,000 | $1,271,454.07 | |
| 02753GAA7 | AMERICAN MIDSTREAM PTR/F 9.50000 12/15/2021 | US | 145,000 | $134,850.00 | |
| 03027X100 | AMERICAN TOWER REIT INC | US | AMT | 12,460 | $2,153,586.40 |
| 03063NAA5 | AMERICOLD LLC TRUST 3.84730 01/14/2029 | US | 72,421.78 | $72,984.50 | |
| 03064D108 | AMERICOLD REALTY TRUST | US | COLD | 1,425 | $41,781.00 |
| 03748R101 | APARTMENT INVT & MGMT CO -A | US | AIV | 2,810 | $139,151.20 |
| 03784Y200 | APPLE HOSPITALITY REIT INC | US | APLE | 2,765 | $45,373.65 |
| 03969AAL4 | ARDAGH PKG FIN/HLDGS USA 6.00000 02/15/2025 | IE | 120,000 | $116,700.00 | |
| 0405207 | HALMA PLC | GB | HLMA LN | 3,490 | $64,187.68 |
| 0490656 | KERRY GROUP PLC-A | IE | KYGA LN | 1,185 | $121,867.81 |
| 053484101 | AVALONBAY COMMUNITIES INC | US | AVB | 1,960 | $378,123.20 |
| 05604LAA0 | BWAY 2015-1740 A 2.91700 01/10/2035 | US | 4,000,000 | $3,916,022.40 | |
| 058498106 | BALL CORP | US | BLL | 90,110 | $4,710,950.80 |
| 06051GFM6 | BANK OF AMERICA CORP 4.00000 01/22/2025 | US | 3,990,000 | $4,021,358.73 | |
| 0682538 | PERSIMMON PLC | GB | PSN LN | 2,010 | $62,702.96 |
| 084670702 | BERKSHIRE HATHAWAY INC-CL B | US | BRK/B | 12,195 | $2,506,560.30 |
| 0870612 | LLOYDS BANKING GROUP PLC | GB | LLOY LN | 84,700 | $64,572.10 |
| 0878230 | TAYLOR WIMPEY PLC | GB | TW/ LN | 28,860 | $62,575.51 |
| 09061G101 | BIOMARIN PHARMACEUTICAL INC | US | BMRN | 18,950 | $1,860,321.50 |
| 0922320 | SMITH & NEPHEW PLC | GB | SN/ LN | 4,780 | $90,048.81 |
| 09247X101 | BLACKROCK INC | US | BLK | 2,180 | $904,874.40 |
| 0946580 | WEIR GROUP PLC/THE | GB | WEIR LN | 9,610 | $190,177.81 |
| 096630AE8 | BOARDWALK PIPELINES LP 5.95000 06/01/2026 | US | 3,670,000 | $3,769,146.48 | |
| 09857L108 | BOOKING HOLDINGS INC | US | BKNG | 2,920 | $5,351,805.20 |
| 101121101 | BOSTON PROPERTIES INC | US | BXP | 2,270 | $299,344.90 |
| 105368203 | BRANDYWINE REALTY TRUST | US | BDN | 12,380 | $186,319.00 |
| 110448107 | BRITISH AMERICAN TOB-SP ADR | GB | BTI | 1,520 | $53,625.60 |
| 11680JAA0 | BRUIN E&P PARTNERS LLC 8.87500 08/01/2023 | US | 125,000 | $118,985.00 | |
| 12503M108 | CBOE GLOBAL MARKETS INC | US | CBOE | 16,180 | $1,509,108.60 |
| 12572Q105 | CME GROUP INC | US | CME | 9,455 | $1,723,457.40 |
| 12591QAR3 | COMM 2014-UBS4 A5 3.69400 08/10/2047 | US | 3,600,000 | $3,662,711.28 | |
| 12592BAB0 | CNH INDUSTRIAL CAPITAL L 3.37500 07/15/2019 | US | 2,640,000 | $2,644,722.56 | |
| 12593GAF9 | COMM 2015-PC1 A5 3.90200 07/10/2050 | US | 1,900,000 | $1,957,109.25 | |
| 12629NAF2 | COMM 2015-DC1 A5 FLT 3.35000 02/10/2048 | US | 4,200,000 | $4,204,996.32 | |
| 126307AU1 | CSC HOLDINGS LLC 5.50000 05/15/2026 | US | 125,000 | $123,750.00 | |
| 12646XAH5 | CSMC 2013-IVR3 A1 2.50000 05/25/2043 | US | 953,353.5 | $901,249.68 | |
| 133131102 | CAMDEN PROPERTY TRUST | US | CPT | 460 | $44,597.00 |
| 13321L108 | CAMECO CORP | CA | CCJ | 5,196 | $62,975.52 |
| 149806AA9 | CAZ 2015-1A A 2.00000 12/10/2023 | US | 57,923.93 | $57,634.31 | |
| 14980AAA0 | CAZENOVIA CREEK FUNDING LLC 3.56070 07/15/2030 | US | 1,177,771.82 | $1,172,339.35 | |
| 156504AH5 | CENTURY COMMUNITIES 5.87500 07/15/2025 | US | 265,000 | $243,800.00 | |
| 165183BB9 | CFII 2017-4A A1 2.12000 11/15/2029 | US | 1,728,508.25 | $1,704,335.06 | |
| 165240102 | CHESAPEAKE LODGING TRUST | US | CHSP | 2,270 | $64,649.60 |
| 172967EW7 | CITIGROUP INC 8.12500 07/15/2039 | US | 1,420,000 | $2,070,719.97 | |
| 191216100 | COCA COLA CO/THE | US | KO | 71,070 | $3,420,599.10 |
| 2011646 | ALIMENTATION COUCHE-TARD -B | CA | ATD/B CN | 1,295 | $70,350.55 |
| 20369C106 | COMMUNITY HEALTHCARE TRUST I | US | CHCT | 4,420 | $145,948.40 |
| 2162760 | CAE INC | CA | CAE CN | 2,330 | $49,509.95 |
| 2180632 | CANADIAN NATL RAILWAY CO | CA | CNR CN | 545 | $45,480.61 |
| 21871N101 | CORECIVIC INC | US | CXW | 6,445 | $128,062.15 |
| 222795106 | COUSINS PROPERTIES INC | US | CUZ | 22,120 | $195,762.00 |
| 22282EAH5 | COVANTA HOLDING CORP 6.00000 01/01/2027 | US | 130,000 | $124,475.00 | |
| 22546QAD9 | CREDIT SUISSE AG 5.40000 01/14/2020 | CH | 2,250,000 | $2,296,363.97 | |
| 22822V101 | CROWN CASTLE INTL CORP | US | CCI | 1,075 | $125,839.50 |
| 22944PAA5 | CSMC 2013-TH1 A1 2.13000 02/25/2043 | US | 632,179.36 | $596,116.37 | |
| 229663109 | CUBESMART | US | CUBE | 1,270 | $39,306.50 |
| 2328595 | BANCO DO BRASIL S.A. | BR | BBAS3 BZ | 2,700 | $38,391.64 |
| 23311RAD8 | DCP MIDSTREAM OPERATING 5.35000 03/15/2020 | US | 90,000 | $91,350.00 | |
| 2347608 | FIRST QUANTUM MINERALS LTD | CA | FM CN | 2,925 | $33,859.17 |
| 23918K108 | DAVITA INC. | US | DVA | 37,320 | $2,094,771.60 |
| 23918KAR9 | DAVITA INC 5.00000 05/01/2025 | US | 195,000 | $187,687.50 | |
| 2434760 | MEXICHEM SAB DE CV | MX | MEXCHEM* MM | 18,600 | $49,811.40 |
| 2458771 | ITAUSA INVESTIMENTOS ITAU -PR | BR | ITSA4 BZ | 10,500 | $38,865.43 |
| 2516710 | LOJAS AMERICANAS SA - PREF | BR | LAME4 BZ | 3,900 | $22,530.43 |
| 25271C102 | DIAMOND OFFSHORE DRILLING | US | DO | 55,030 | $601,477.90 |
| 253868103 | DIGITAL REALTY TRUST INC | US | DLR | 2,135 | $231,305.90 |
| 254683BK0 | DCENT 2014-A4 2.12000 12/15/2021 | US | 180,000 | $179,567.48 | |
| 25470DAT6 | DISCOVERY COMMUNICATIONS 5.20000 09/20/2047 | US | 2,720,000 | $2,571,052.80 | |
| 2583952 | METRO INC | CA | MRU CN | 1,740 | $63,259.48 |
| 26151AAA7 | DRAX FINCO PLC 6.62500 11/01/2025 | GB | 290,000 | $288,550.00 | |
| 26780TAA5 | DYNAGAS LNG PARTNERS/FIN 6.25000 10/30/2019 | MH | 310,000 | $301,475.00 | |
| 269246401 | ETRADE FINANCIAL CORP | US | ETFC | 18,100 | $844,546.00 |
| 2715777 | QUEBECOR INC -CL B | CA | QBR/B CN | 54,100 | $1,273,498.23 |
| 2801836 | SHAW COMMUNICATIONS INC-B | CA | SJR/B CN | 49,760 | $1,010,386.09 |
| 285512109 | ELECTRONIC ARTS | US | EA | 31,250 | $2,882,500.00 |
| 2866857 | LUNDIN MINING CORP | CA | LUN CN | 6,515 | $29,749.99 |
| 29278D105 | ENEL CHILE SA-ADR | CL | ENIC | 8,480 | $46,046.40 |
| 29444U700 | EQUINIX INC | US | EQIX | 6,575 | $2,590,550.00 |
| 2945422 | WEG SA | BR | WEGE3 BZ | 3,900 | $20,145.87 |
| 29472R108 | EQUITY LIFESTYLE PROPERTIES | US | ELS | 995 | $105,350.60 |
| 29476L107 | EQUITY RESIDENTIAL | US | EQR | 4,245 | $308,017.20 |
| 297178105 | ESSEX PROPERTY TRUST INC | US | ESS | 710 | $192,552.00 |
| 302154BV0 | EXPORT-IMPORT BANK KOREA 2.62500 12/30/2020 | KR | 4,675,000 | $4,634,149.85 | |
| 30225T102 | EXTRA SPACE STORAGE INC | US | EXR | 1,035 | $102,061.35 |
| 30251JAA9 | FDIC 2011-R1 A 2.67200 07/25/2026 | US | 108,348.83 | $107,887.71 | |
| 30261UAJ3 | FREMF 2013-K713 B 3.15427 04/25/2046 | US | 1,200,000 | $1,198,313.76 | |
| 30264DAA7 | FS ENERGY & POWER FUND 7.50000 08/15/2023 | US | 170,000 | $168,937.50 | |
| 30286XAN9 | FREMF 2015-K43 B FLT 3.73415 02/25/2048 | US | 2,300,000 | $2,272,443.70 | |
| 30291EAE4 | FREMF 2013-K712 B FLT 3.35787 05/25/2045 | US | 675,000 | $675,064.67 | |
| 30291HAA5 | FREMF 2013-K28 X2A 0.10000 06/25/2046 | US | 105,069,599.48 | $340,467.53 | |
| 3128M5A91 | FHLM POOL G03332 6.00000 10/01/2037 | US | 47,518.2 | $52,109.84 | |
| 3128M5NM8 | FHLM POOL G03696 5.50000 01/01/2038 | US | 101,998.6 | $110,523.12 | |
| 3128M6B98 | FHLM POOL G04264 5.50000 04/01/2038 | US | 359,347.28 | $386,115.81 | |
| 3128M73H7 | FHLM POOL G05900 6.00000 03/01/2040 | US | 104,158.93 | $113,053.71 | |
| 3128M73P9 | FHLM POOL G05906 6.00000 04/01/2040 | US | 141,919.84 | $155,627.06 | |
| 3128M7KW5 | FHLM POOL G05409 5.50000 03/01/2039 | US | 248,194.48 | $267,781.55 | |
| 3128M8AW4 | FHLM POOL G06021 5.50000 01/01/2040 | US | 96,887.68 | $104,111.30 | |
| 3128M9C83 | FHLM POOL G06995 6.00000 05/01/2040 | US | 302,844.65 | $332,101.16 | |
| 3128MB4Q7 | FHLM POOL G13331 5.50000 10/01/2023 | US | 11,116.88 | $11,435.69 | |
| 3128MBDP9 | FHLM POOL G12610 6.00000 03/01/2022 | US | 20,735.35 | $21,210.99 | |
| 3128MBE45 | FHLM POOL G12655 6.00000 05/01/2022 | US | 14,220.96 | $14,594.24 | |
| 3128MBRH2 | FHLM POOL G12988 6.00000 01/01/2023 | US | 11,587.07 | $11,963.21 | |
| 3128MBUB1 | FHLM POOL G13078 6.00000 03/01/2023 | US | 20,156.11 | $20,777.35 | |
| 3128MJ2U3 | FHLM GOLD POOL FG G08786 4.50000 10/01/2047 | US | 2,083,979.02 | $2,179,110.85 | |
| 3128MJJT8 | FHLM POOL G08273 5.50000 06/01/2038 | US | 244,153.18 | $261,757.05 | |
| 31335ABB3 | FHLM POOL G60034 4.50000 02/01/2045 | US | 2,727,901.48 | $2,843,905.95 | |
| 31335AFY9 | FHLM POOL G60183 4.00000 12/01/2044 | US | 707,154.19 | $727,207.38 | |
| 31336WBS7 | FHLM POOL G11850 5.50000 07/01/2020 | US | 13,997.15 | $14,060.83 | |
| 3134865 | BARCLAYS PLC | GB | BARC LN | 29,970 | $62,467.93 |
| 3136B1YD0 | FNR 2018-31 KP 3.50000 07/25/2047 | US | 1,049,962.01 | $1,069,953.60 | |
| 31371NCJ2 | FEDERAL NATL MTG ASSN 256673 5.50000 04/01/2037 | US | 494,311.95 | $538,535.52 | |
| 313747206 | FEDERAL RLTY INVT TR SH BEN INT | US | FRT | 355 | $47,062.35 |
| 3137A2B34 | FHMS K009 X1 FLT 1.27311 08/25/2020 | US | 10,715,960.52 | $164,919.70 | |
| 3137ADTK3 | FHMS K014 X1 FLT 1.14907 04/25/2021 | US | 6,607,659.29 | $146,193.14 | |
| 3137AJMG6 | FMHS K016 X1 FLT 1.47787 10/25/2021 | US | 4,000,564.38 | $136,996.93 | |
| 3137AUPF0 | FHMS K021 x1 FLT 1.44244 06/25/2022 | US | 15,290,264.78 | $626,896.27 | |
| 3137B3NB0 | FHMS K030 X1 FLT 0.19598 04/25/2023 | US | 45,973,498.89 | $341,757.80 | |
| 3137B4GZ3 | FHMS K032 X1 FLT 0.10305 05/25/2023 | US | 29,583,498.34 | $136,678.72 | |
| 3137F4YU0 | FHR 4791 BA MTGE 4.00000 03/15/2044 | US | 1,309,601.82 | $1,346,728.90 | |
| 3137FG2L8 | FHR 4801 BA MTGE 4.50000 05/15/2044 | US | 1,319,109.09 | $1,370,565.29 | |
| 3138ABBY4 | FEDERAL NATL MTG ASSN AH9054 4.50000 04/01/2041 | US | 226,106.08 | $237,662.91 | |
| 3138ASSD5 | FEDERAL NATL MTG ASSN AJ1415 4.50000 09/01/2041 | US | 128,758.25 | $135,279.85 | |
| 3138EQTZ5 | FEDERAL NATL MTG ASSN AL7767 4.50000 06/01/2044 | US | 1,795,054.35 | $1,886,684.51 | |
| 3138ETT89 | FEDERAL NATL MTG ASSN AL8674 FLT 5.65400 01/01/2049 | US | 2,192,733.42 | $2,385,218.86 | |
| 3138WDAY7 | FEDERAL NATL MTG ASSN FN AS3622 3.50000 10/01/2044 | US | 3,057,068.25 | $3,089,573.60 | |
| 31403DDX4 | FEDERAL NATL MTG ASSN 745418 5.50000 04/01/2036 | US | 524,785.92 | $571,669.80 | |
| 3140E2GZ8 | FEDERAL NATL MTG ASSN AZ9215 4.00000 10/01/2045 | US | 621,678.26 | $639,305.76 | |
| 3140EWG66 | FEDERAL NATL MTG ASSN BC2020 3.50000 07/01/2046 | US | 1,025,947.71 | $1,032,517.18 | |
| 3140F2QS2 | FEDERAL NATL MTG ASSN BC6764 3.50000 04/01/2046 | US | 712,237.36 | $718,271.16 | |
| 3140F9M51 | FEDERAL NATL MTG ASSN BD2179 4.00000 07/01/2046 | US | 1,569,935.94 | $1,612,276.19 | |
| 3140FEXR0 | FEDERAL NATL MTG ASSN BD6987 4.00000 10/01/2046 | US | 1,628,472.78 | $1,671,995.21 | |
| 3140HPUY1 | FEDERAL NATL MTG ASSN FN BK9598 4.50000 08/01/2048 | US | 508,571.66 | $528,722.93 | |
| 3140Q84E2 | FEDERAL NATL MTG ASSN FN CA1720 5.00000 05/01/2048 | US | 1,948,035.22 | $2,051,262.31 | |
| 3140Q9D42 | FEDERAL NATL MTG ASSN FN CA1922 5.00000 06/01/2048 | US | 806,768.77 | $849,522.58 | |
| 3140Q9PD9 | FEDERAL NATL MTG ASSN FN CA2219 5.00000 08/01/2048 | US | 656,465.27 | $691,254.81 | |
| 31410FSE6 | FEDERAL NATL MTG ASSN 888017 6.00000 11/01/2021 | US | 15,605.28 | $15,980.78 | |
| 31410FV51 | FEDERAL NATL MTG ASSN 888136 6.00000 12/01/2021 | US | 18,574.56 | $19,023.75 | |
| 31410GCD3 | FEDERAL NATL MTG ASSN 888468 5.50000 09/01/2021 | US | 123,878.17 | $125,875.54 | |
| 31410GN33 | FEDERAL NATL MTG ASSN 888810 5.50000 11/01/2022 | US | 150,878.34 | $153,339.75 | |
| 31410HAQ4 | MACYS RETAIL HLDGS INC 6.90000 04/01/2029 | US | 1,185,000 | $1,244,044.45 | |
| 31410KJV7 | FEDERAL NATL MTG ASSN 889576 6.00000 04/01/2038 | US | 308,705.83 | $338,378.95 | |
| 31410KLD4 | FEDERAL NATL MTG ASSN 889624 5.50000 05/01/2038 | US | 298,754.89 | $321,003.46 | |
| 31411JXP6 | FEDERAL NATL MTG ASSN 909786 5.50000 03/01/2037 | US | 104,633.88 | $113,681.71 | |
| 31416BSW9 | FEDERAL NATL MTG ASSN 995233 5.50000 10/01/2021 | US | 5,588.99 | $5,654.04 | |
| 31416BVW5 | FEDERAL NATL MTG ASSN 995329 5.50000 12/01/2021 | US | 86,927.09 | $88,397.54 | |
| 31418BBC9 | FEDERAL NATL MTG ASSN MA1834 4.50000 02/01/2034 | US | 604,951.79 | $634,442.99 | |
| 31418BDH6 | FEDERAL NATL MTG ASSN MA1903 4.50000 05/01/2034 | US | 558,490.91 | $585,938.90 | |
| 31418CAF1 | FEDERAL NATL MTG ASSN FN MA2705 3.00000 08/01/2046 | US | 914,223.45 | $898,546.55 | |
| 31418MDZ2 | FEDERAL NATL MTG ASSN AD0119 6.00000 07/01/2038 | US | 165,491.88 | $181,393.34 | |
| 31418MG63 | FEDERAL NATL MTG ASSN AD0220 6.00000 10/01/2038 | US | 65,606.13 | $72,048.94 | |
| 31418MJC7 | FEDERAL NATL MTG ASSN AD0258 5.50000 03/01/2039 | US | 187,409.42 | $201,668.10 | |
| 31418MKV3 | FEDERAL NATL MTG ASSN AD0307 5.50000 01/01/2039 | US | 307,586.58 | $334,037.20 | |
| 31418MQQ8 | FEDERAL NATL MTG ASSN AD0462 5.50000 10/01/2024 | US | 15,328.74 | $15,946.20 | |
| 31419BBV6 | FEDERAL NATL MTG ASSN AE0951 4.50000 02/01/2041 | US | 523,607.02 | $550,364.40 | |
| 31428X106 | FEDEX CORPORATION | US | FDX | 7,965 | $1,414,345.05 |
| 315786AC7 | FIDELITY & GUARA NTY LIFE 5.50000 05/01/2025 | US | 115,000 | $110,687.50 | |
| 32054K103 | FIRST INDUSTRIAL REALTY TR | US | FR | 2,320 | $75,910.40 |
| 335934AK1 | FIRST QUANTUM MINERALS L 7.25000 04/01/2023 | CA | 50,000 | $47,875.50 | |
| 34960PAB7 | FORTRESS TRANS & INFRAST 6.50000 10/01/2025 | US | 140,000 | $134,400.00 | |
| 357081AE8 | FREMF 2015-K720 B FLT 3.39010 07/25/2022 | US | 970,000 | $972,709.02 | |
| 35802XAD5 | FRESENIUS MED CARE II 5.62500 07/31/2019 | US | 1,500,000 | $1,514,677.35 | |
| 36143WAN1 | GAHR 2015-NRF BFX FLT 3.38216 12/15/2034 | US | 1,900,000 | $1,889,024.65 | |
| 36143WAS0 | GAHR 2015-NRF DFX FLT 3.38216 12/15/2034 | US | 900,000 | $890,193.51 | |
| 36248EAA3 | GSMS 2010-C2 3.84900 12/10/2043 | US | 41,263.67 | $41,542.09 | |
| 369604BQ5 | GENERAL ELECTRIC CO 5.00000 01/21/2021 | US | 2,340,000 | $2,047,500.00 | |
| 37045VAR1 | GENERAL MOTORS CO FLT 3.66713 09/10/2021 | US | 2,420,000 | $2,369,180.00 | |
| 37045XAR7 | GENERAL MOTORS FINL CO 3.15000 01/15/2020 | US | 2,300,000 | $2,300,155.96 | |
| 37185LAF9 | GENESIS ENERGY LP/GENESI 5.62500 06/15/2024 | US | 115,000 | $105,800.00 | |
| 374297109 | GETTY REALTY CORP | US | GTY | 2,740 | $87,844.40 |
| 37953TAB1 | GLOBAL SHIP LEASE INC 9.87500 11/15/2022 | MH | 325,000 | $315,656.25 | |
| 38141GVR2 | GOLDMAN SACHS GROUP INC 4.25000 10/21/2025 | US | 1,320,000 | $1,332,254.10 | |
| 38379RRX3 | GNR 2017-54 AH MTGE 2.60000 12/16/2056 | US | 1,241,651.98 | $1,187,516.33 | |
| 39807UAB2 | GREYSTAR REAL ESTATE PAR 5.75000 12/01/2025 | US | 150,000 | $148,875.00 | |
| 400506101 | GRUPO AEROPORTUARIO PAC-ADR | MX | PAC | 425 | $38,309.50 |
| 4012250 | AIRBUS SE | FR | AIR FP | 615 | $70,884.77 |
| 40414L109 | HCP INC | US | HCP | 4,895 | $154,388.30 |
| 4057808 | L'OREAL | FR | OR FP | 250 | $60,256.14 |
| 4061412 | LVMH MOET HENNESSY LOUIS VUITTON | FR | MC FP | 290 | $93,031.87 |
| 406216101 | HALLIBURTON CO | US | HAL | 71,085 | $2,229,225.60 |
| 4076836 | INTESA SANPAOLO | IT | ISP IM | 20,530 | $46,975.11 |
| 4162791 | THALES SA | FR | HO FP | 95 | $10,505.97 |
| 4163437 | CAP GEMINI | FR | CAP FP | 155 | $17,117.43 |
| 421946104 | HEALTHCARE REALTY TRUST INC | US | HR | 4,110 | $132,711.90 |
| 42225P501 | HEALTHCARE TRUST OF AMERICA | US | HTA | 6,560 | $186,435.20 |
| 44053FAA8 | HORIZON PHARMA INC/HORIZ 8.75000 11/01/2024 | US | 300,000 | $317,100.00 | |
| 44107P104 | HOST MARRIOTT CORP | US | HST | 6,305 | $113,868.30 |
| 444454AB8 | HUGHES SATELITE SYSTEMS 6.50000 06/15/2019 | US | 200,000 | $202,076.00 | |
| 444454AD4 | HUGHES SATELLITE SYSTEMS 5.25000 08/01/2026 | US | 255,000 | $244,162.50 | |
| 45031UCD1 | ISTAR INC 5.25000 09/15/2022 | US | 255,000 | $251,047.50 | |
| 45337C102 | INCYTE CORP | US | INCY | 43,680 | $3,520,171.20 |
| 45378A106 | INDEPENDENCE REALTY TRUST IN | US | IRT | 7,985 | $83,443.25 |
| 4574813 | MEDIOBANCA SPA | IT | MB IM | 5,520 | $48,105.33 |
| 45763PAE6 | INMARSAT FINANCE PLC 4.87500 05/15/2022 | GB | 100,000 | $96,750.00 | |
| 45866F104 | INTERCONTINENTALEXCHANGE INC | US | ICE | 22,450 | $1,723,262.00 |
| 459745GH2 | INTL LEASE FINANCE CORP 6.25000 05/15/2019 | US | 2,715,000 | $2,738,150.02 | |
| 46187BAA1 | IHSFR 2017-SFR2 A 3.35750 12/17/2036 | US | 507,434.64 | $502,535.16 | |
| 46187BAB9 | IHSFR 2017-SFR2 B 3.65750 12/17/2036 | US | 390,000 | $388,335.48 | |
| 46187W107 | INVITATION HOMES INC | US | INVH | 6,470 | $145,510.30 |
| 464286624 | ISHARES MSCI THAILAND ETF | TH | 2,925 | $265,882.50 | |
| 464289180 | ISHARES MSCI EUROPE FINANCIA | XX | 10,680 | $192,453.60 | |
| 46625HHL7 | JPMORGAN CHASE & CO 6.30000 04/23/2019 | US | 3,820,000 | $3,849,233.39 | |
| 46639GAL0 | JPMMT 2013-1 1A2 3.00000 03/25/2043 | US | 437,090.7 | $425,924.34 | |
| 46640BAC8 | JPMMT 2013-2 A2 3.50000 05/25/2043 | US | 523,063.01 | $516,565.52 | |
| 46641YAA1 | JPMMT 2014-2 1A1 3.00000 06/25/2029 | US | 729,348.42 | $723,155.52 | |
| 46647PAY2 | JPMORGAN CHASE & CO 4.02300 12/05/2024 | US | 1,960,000 | $2,008,286.15 | |
| 46647SAJ9 | JPMMT 2017-3 1A5 3.50000 08/25/2047 | US | 1,234,303.46 | $1,229,030.52 | |
| 4682329 | PERNOD-RICARD SA | FR | RI FP | 240 | $39,819.09 |
| 4712798 | RENAULT SA | FR | RNO FP | 245 | $17,337.39 |
| 4741844 | MERCK KGAA | DE | MRK GR | 34,725 | $3,646,085.21 |
| 476405105 | JERNIGAN CAPITAL INC | US | JCAP | 4,525 | $98,102.00 |
| 478160104 | JOHNSON & JOHNSON | US | JNJ | 36,430 | $4,848,104.40 |
| 47987LAA9 | JONAH NRG LLC/FINANCE 7.25000 10/15/2025 | US | 245,000 | $181,300.00 | |
| 4821100 | SOLVAY SA | BE | SOLB BB | 1,230 | $133,909.58 |
| 4834108 | SCHNEIDER ELECTRIC SE | FR | SU FP | 595 | $42,317.28 |
| 4834777 | VIVENDI | FR | VIV FP | 990 | $25,243.93 |
| 49446R109 | KIMCO REALTY CORP | US | KIM | 4,125 | $70,166.25 |
| 494550AW6 | KINDER MORGAN ENER PART 6.95000 01/15/2038 | US | 3,300,000 | $3,896,271.19 | |
| 50187TAE6 | LGI HOMES INC 6.87500 07/15/2026 | US | 200,000 | $192,500.00 | |
| 50212YAB0 | LPL HOLDINGS INC 5.75000 09/15/2025 | US | 110,000 | $108,163.00 | |
| 502160AM6 | LSB INDUSTRIES 9.62500 05/01/2023 | US | 175,000 | $178,062.50 | |
| 505742AD8 | LADDER CAP FIN LLLP/CORP 5.87500 08/01/2021 | US | 125,000 | $126,406.25 | |
| 5107401 | BEIERSDORF AG | DE | BEI GR | 875 | $87,588.89 |
| 5176177 | ORANGE | FR | ORA FP | 1,985 | $30,788.08 |
| 5253973 | HERMES INTERNATIONAL | FR | RMS FP | 30 | $17,978.65 |
| 5263574 | FLSMIDTH & CO A/S | DK | FLS DC | 250 | $11,717.62 |
| 529043101 | LEXINGTON REALTY TRUST | US | LXP | 8,125 | $78,081.25 |
| 531172104 | LIBERTY PROPERTY TRUST | US | LPT | 3,705 | $174,653.70 |
| 5330047 | DASSAULT SYSTEMES SA | FR | DSY FP | 150 | $18,799.71 |
| 53815P108 | LIVERAMP HOLDINGS INC | US | RAMP | 57,675 | $2,505,402.00 |
| 54238XAC2 | LONESTAR RESOURCES AMERICA 11.25000 01/01/2023 | US | 115,000 | $110,400.00 | |
| 5474008 | BANKINTER S.A. | ES | BKT SM | 11,590 | $90,497.45 |
| 550021109 | LULULEMON - ADR | CA | LULU | 20,455 | $3,023,453.55 |
| 5505072 | KERING | FR | KER FP | 80 | $40,121.74 |
| 55616XAC1 | MACYS RETAIL HLDGS INC 7.00000 02/15/2028 | US | 1,180,000 | $1,225,901.83 | |
| 55933JAB0 | MAGNACHIP SEMICONDUCTOR 6.62500 07/15/2021 | US | 275,000 | $261,250.00 | |
| 5596991 | UCB SA | BE | UCB BB | 740 | $64,123.15 |
| 5669354 | REPSOL SA | ES | REP SM | 7,794.86 | $136,823.19 |
| 5671519 | WOLTERS KLUWER | NL | WKL NA | 720 | $44,777.38 |
| 5671735 | SANOFI-AVENTIS | FR | SAN FP | 1,150 | $99,955.33 |
| 5701513 | ELISA OYJ | FI | ELISA FH | 1,045 | $43,720.14 |
| 5713422 | METSO OYJ | FI | METSO FH | 425 | $12,502.76 |
| 5727973 | SIEMENS AG-REG | DE | SIE GR | 830 | $91,131.98 |
| 5735631 | TAG IMMOBILIEN AG | DE | TEG GR | 2,630 | $66,469.92 |
| 57636Q104 | MASTERCARD INC-CLASS A | US | MA | 28,820 | $6,084,766.60 |
| 58502BAC0 | MEDNAX INC 6.25000 01/15/2027 | US | 155,000 | $156,162.50 | |
| 58933Y105 | MERCK & CO INC | US | MRK | 26,950 | $2,005,888.50 |
| 59001ABA9 | MERITAGE HOMES CORP 5.12500 06/06/2027 | US | 105,000 | $94,203.90 | |
| 594918104 | MICROSOFT CORP | US | MSFT | 49,140 | $5,131,690.20 |
| 59522J103 | MID-AMERICA APARTMENT COMM | US | MAA | 1,255 | $127,106.40 |
| 5962280 | CHOCOLADEFABRIKEN LINDT-PC | CH | LISP SW | 3 | $19,075.49 |
| 5966516 | SOCIETE GENERALE | FR | GLE FP | 830 | $25,878.93 |
| 5980613 | GIVAUDAN - REG | CH | GIVN SW | 15 | $36,390.86 |
| 6055112 | AYALA LAND INC | PH | ALI PM | 60,300 | $51,520.83 |
| 6074968 | BANK OF THE PHILIPPINE ISLAN | PH | BPI PM | 14,640 | $25,625.66 |
| 609207105 | MONDELEZ INTERNATIONAL INC | US | MDLZ | 80,390 | $3,718,841.40 |
| 615369105 | MOODY'S CORPORATION | US | MCO | 14,455 | $2,291,262.05 |
| 61744YAG3 | MORGAN STANLEY FLT 3.81125 05/08/2024 | US | 3,930,000 | $3,939,392.70 | |
| 6175076 | KT&G CORP | KR | 033780 KS | 480 | $42,740.08 |
| 6196408 | CHUGAI PHARMACEUTICAL CO LTD | JP | 4519 JP | 700 | $41,332.53 |
| 6211732 | DAEWOO SHIPBUILDING& MARINE | KR | 042660 KS | 1,125 | $37,636.04 |
| 62426EAA3 | MOUNTAIN PROVINCE DIAMON 8.00000 12/15/2022 | CA | 245,000 | $247,450.00 | |
| 6264189 | NCSOFT CORP | KR | 036570 KS | 150 | $63,162.49 |
| 6272483 | DMCI HOLDINGS INC | PH | DMC PM | 83,200 | $20,121.12 |
| 6284864 | GLOBE TELECOM INC | PH | GLO PM | 630 | $24,503.36 |
| 62913TAM4 | NGL ENRGY PART LP/FIN CO 6.12500 03/01/2025 | US | 160,000 | $144,600.00 | |
| 6291819 | CHINA PETROLEUM & CHEMICAL - H | CN | 386 HK | 162,000 | $135,463.58 |
| 6308913 | ELBIT SYSTEMS LTD | IL | ESLT IT | 350 | $43,355.10 |
| 6356934 | FANUC LTD | JP | 6954 JP | 435 | $73,985.50 |
| 637417106 | NATIONAL RETAIL PROPERTIES | US | NNN | 1,665 | $87,762.15 |
| 637870106 | NATIONAL STORAGE AFFILIATES | US | NSA | 1,360 | $39,576.00 |
| 63938CAE8 | NAVIENT CORP 7.25000 09/25/2023 | US | 115,000 | $117,012.50 | |
| 64110W102 | NETEASE.COM INC- ADR | CN | NTES | 115 | $28,971.95 |
| 6441506 | HOYA CORP | JP | 7741 JP | 1,100 | $63,841.09 |
| 6446620 | HYUNDAI HEAVY INDUSTRIES | KR | 009540 KS | 1,045 | $130,774.81 |
| 6451066 | HYUNDAI MIPO DOCKYARD | KR | 010620 KS | 2,300 | $130,332.00 |
| 6467104 | ISUZU MOTORS LTD | JP | 7202 JP | 2,900 | $43,138.52 |
| 6472119 | JARDINE MATHESON HLDGS LTD | HK | JM SP | 640 | $42,812.58 |
| 6474494 | JOLLIBEE FOODS CORP | PH | JFC PM | 5,120 | $31,094.36 |
| 647581107 | NEW ORIENTAL EDUCATIO- SP ADR | CN | EDU | 1,635 | $125,960.40 |
| 6482903 | KANAMOTO CO LTD | JP | 9678 JP | 1,900 | $52,790.89 |
| 64829DAG1 | NRZT 2014-3A AFX3 3.75000 11/25/2054 | US | 609,815.36 | $609,491.00 | |
| 64829EAA2 | NRZT 2015-2A A1 3.75000 08/25/2055 | US | 800,785.57 | $801,147.53 | |
| 64829LAA6 | NRZT 2016-4A A1 3.75000 11/25/2056 | US | 1,436,435.09 | $1,434,372.37 | |
| 6490809 | KIKKOMAN CORP | JP | 2801 JP | 1,600 | $85,119.76 |
| 6490995 | KEYENCE CORP | JP | 6861 JP | 480 | $247,015.46 |
| 6514442 | METROPOLITAN BANK & TRUST | PH | MBT PM | 20,130 | $32,493.28 |
| 6518808 | LION CORP | JP | 4912 JP | 3,100 | $64,607.08 |
| 6531827 | GEELY AUTOMOBILE HOLDINGS LT | CN | 175 HK | 36,000 | $61,250.36 |
| 6641588 | NISSAN CHEMICAL INDUSTRIES | JP | 4021 JP | 1,600 | $85,070.42 |
| 6642387 | YAMAHA CORP | JP | 7951 JP | 2,100 | $91,903.50 |
| 6648891 | ORIENTAL LAND CO LTD FIRST SECT | JP | 4661 JP | 400 | $41,013.57 |
| 66727WAA0 | NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 | CA | 245,000 | $244,069.00 | |
| 6683449 | KANGWON LAND INC | KR | 035250 KS | 1,525 | $46,657.99 |
| 66987V109 | NOVARTIS AG- REG | CH | NVS | 72,505 | $6,345,637.60 |
| 67020YAQ3 | NUANCE COMMUNICATIONS 5.62500 12/15/2026 | US | 120,000 | $117,600.00 | |
| 67087MAA4 | OBP DEPOSITOR LLC TRUST 4.64620 07/15/2045 | US | 100,000 | $101,346.17 | |
| 6742340 | SHANDONG WEIGAO | CN | 1066 HK | 64,000 | $53,623.25 |
| 6743882 | JAPAN EXCHANGE GROUP INC | JP | 8697 JP | 4,200 | $73,956.45 |
| 6772217 | SAMSUNG HEAVY INDUSTRIES | KR | 010140 KS | 4,715 | $38,730.00 |
| 6791591 | SECOM CO LTD | JP | 9735 JP | 500 | $41,861.00 |
| 6818843 | SM PRIME HOLDINGS INC | PH | SMPH PM | 83,850 | $61,480.02 |
| 68323ADY7 | ONTARIO (PROVINCE OF) 1.25000 06/17/2019 | CA | 1,300,000 | $1,293,058.90 | |
| 6865504 | SUZUKI MOTOR CORP | JP | 7269 JP | 1,900 | $99,219.05 |
| 6885074 | TERUMO CORP | JP | 4543 JP | 700 | $39,964.48 |
| 6895200 | TOHO CO LTD | JP | 9602 JP | 1,100 | $40,127.08 |
| 6913168 | GUANGDONG INVESTMENT LTD | HK | 270 HK | 44,000 | $84,025.91 |
| 69145LAA2 | OXFORD FIN LLC/CO-ISS II 6.37500 12/15/2022 | US | 200,000 | $202,500.00 | |
| 6919519 | UNIVERSAL ROBINA CORP | PH | URC PM | 16,860 | $47,950.46 |
| 6979728 | WOODSIDE PETROLEUM LTD | AU | WPL AU | 4,415 | $110,433.88 |
| 6985112 | YAKULT HONSHA CO LTD | JP | 2267 JP | 600 | $40,042.60 |
| 70014LAC4 | PARK AEROSPACE HOLDINGS 4.50000 03/15/2023 | KY | 205,000 | $201,156.25 | |
| 7021963 | DEUTSCHE BOERSE AG | DE | DB1 GR | 500 | $66,573.81 |
| 7062713 | SODEXO | FR | SW FP | 425 | $44,242.93 |
| 7088429 | AXA SA | FR | CS FP | 2,215 | $51,366.13 |
| 7103065 | NOVARTIS AG-REG | CH | NOVN SW | 1,780 | $155,395.37 |
| 7103526 | PEUGEOT SA | FR | UG FP | 515 | $12,955.01 |
| 7110388 | ROCHE HOLDING AG-GENUSSCHEIN | CH | ROG SW | 620 | $164,942.16 |
| 7110902 | TECAN GROUP AG-REG | CH | TECN SW | 150 | $30,290.18 |
| 7123870 | NESTLE SA-REGISTERED | CH | NESN SW | 46,609 | $4,063,553.96 |
| 7133608 | EQUINOR ASA | NO | EQNR NO | 5,520 | $126,221.33 |
| 713448108 | PEPSICO INC | US | PEP | 30,250 | $3,408,267.50 |
| 7145056 | ENI SPA | IT | ENI IM | 7,700 | $130,559.62 |
| 7156036 | SONOVA HOLDING AG-REG | CH | SOON SW | 495 | $92,899.54 |
| 71642QAB3 | PDLLN 7 1/4 05/01/22 7.25000 05/01/2022 | GB | 120,000 | $112,800.00 | |
| 71943U104 | PHYSICIANS REALTY TRUST | US | DOC | 11,655 | $211,072.05 |
| 7212477 | ESSILORLUXOTTICA | FR | EL FP | 255 | $32,303.11 |
| 7262610 | CREDIT AGRICOLE SA | FR | ACA FP | 1,445 | $16,503.92 |
| 729640102 | PLYMOUTH INDUSTRIAL REIT INC | US | 2,510 | $40,260.40 | |
| 7309681 | BNP PARIBAS | FR | BNP FP | 1,260 | $59,378.63 |
| 7380482 | COMPAGNIE DE SAINT-GOBAIN | FR | SGO FP | 500 | $17,253.96 |
| 741503AZ9 | PRICELINE GROUP INC/THE 3.60000 06/01/2026 | US | 4,060,000 | $3,991,648.15 | |
| 74340W103 | PROLOGIS | US | PLD | 5,835 | $403,548.60 |
| 744320AL6 | PRUDENTIAL FINANCIAL INC 5.87500 09/15/2042 | US | 2,480,000 | $2,579,200.00 | |
| 74460D109 | PUBLIC STORAGE INC | US | PSA | 1,130 | $240,147.60 |
| 74736K101 | QORVO INC | US | QRVO | 57,880 | $3,783,036.80 |
| 756109104 | REALTY INCOME CORP | US | O | 750 | $51,517.50 |
| 75886F107 | REGENERON PHARMACEUTICALS INC | US | REGN | 4,065 | $1,744,982.55 |
| 76131D103 | RESTAURANT BRANDS INTERN | CA | QSR | 935 | $58,577.75 |
| 7698356 | GETINGE AB-B SHS | SE | GETIB SS | 2,880 | $32,518.89 |
| 77340RAK3 | ROCKIES EXPRESS PIPELINE 5.62500 04/15/2020 | US | 170,000 | $172,975.00 | |
| 77714PAB5 | SEMGROUP / ROSE ROCK FIN 5.62500 07/15/2022 | US | 115,000 | $109,250.00 | |
| 780259107 | ROYAL DUTCH SHELL PLC-ADR B | NL | RDS/B | 3,020 | $189,656.00 |
| 783513203 | RYANAIR HOLDINGS - ADR | IE | RYAAY | 608 | $43,168.00 |
| 78409V104 | S&P GLOBAL INC | US | SPGI | 12,195 | $2,337,171.75 |
| 78410G104 | SBA COMMUNICATIONS CORP | US | SBAC | 11,940 | $2,179,408.20 |
| 78442PGC4 | SLM CORP 5.12500 04/05/2022 | US | 235,000 | $227,950.00 | |
| 78490DAA2 | SOFI 2018-C A1FX 3.08000 01/25/2048 | US | 2,549,509.65 | $2,548,514.32 | |
| 785592AV8 | SABINE PASS LIQUEFACTION 5.87500 06/30/2026 | US | 3,650,000 | $3,955,014.15 | |
| 80282KAE6 | SANTANDER HOLDINGS USA 4.50000 07/17/2025 | US | 2,430,000 | $2,474,314.99 | |
| 806857108 | SCHLUMBERGER LTD | NL | SLB | 41,365 | $1,828,746.65 |
| 808513105 | CHARLES SCHWAB CORP/THE | US | SCHW | 38,935 | $1,820,989.95 |
| 81141R100 | SEA LTD - ADR | SG | SE | 4,120 | $57,721.20 |
| 81211K100 | SEALED AIR CORP | US | SEE | 72,190 | $2,851,505.00 |
| 812578102 | SEATTLE GENETICS INC | US | SGEN | 30,770 | $2,351,751.10 |
| 81745CAB9 | SEMT 2013-7 A2 3.00000 06/25/2043 | US | 540,124.8 | $523,228.08 | |
| 81745EAA7 | SEMT 2013-8 A1 3.00000 06/25/2043 | US | 745,650.45 | $725,145.06 | |
| 81745MAA9 | SEMT 2013-2 1.87400 02/25/2043 | US | 573,543.65 | $517,009.74 | |
| 81762P102 | SERVICENOW INC | US | NOW | 10,205 | $2,245,304.10 |
| 822538AE4 | SHELF DRILL HOLD LTD 8.25000 02/15/2025 | KY | 140,000 | $127,050.00 | |
| 828806109 | SIMON PROPERTY GROUP INC | US | SPG | 2,685 | $488,992.20 |
| 83401BAA4 | SOFI 2017-F A1FX 2.05000 01/25/2041 | US | 225,823.44 | $223,777.75 | |
| 83401BAB2 | SOFI 2017-F A2FX 2.84000 01/25/2041 | US | 225,000 | $220,729.48 | |
| 83404YAA1 | SCLP 2016-5 A 3.06000 09/25/2028 | US | 270,146.19 | $268,948.04 | |
| 83406EAB1 | SOFI 2018-A A2A 2.39000 02/25/2042 | US | 518,087.34 | $513,669.61 | |
| 84265VAD7 | SOUTHERN COPPER CORP 5.37500 04/16/2020 | US | 2,390,000 | $2,455,964.07 | |
| 845467AL3 | SOUTHWESTERN ENERGY CO 6.20000 01/23/2025 | US | 220,000 | $213,400.00 | |
| 85254J102 | STAG INDUSTRIAL INC | US | STAG | 3,660 | $100,906.20 |
| 85571XAA5 | SRPT 2014-STAR A FLTG RATE 3.72894 11/15/2027 | US | 1,538,835.55 | $1,524,432.20 | |
| 862121100 | STORE CAPITAL CORP | US | STOR | 1,490 | $48,156.80 |
| 866674104 | SUN COMMUNITIES | US | SUI | 1,640 | $180,252.40 |
| 867892101 | SUNSTONE HOTEL INVESTORS INC | US | SHO | 5,915 | $84,584.50 |
| 874080104 | TAL EDUCATION GROUP - ADR | CN | TAL | 1,085 | $33,667.55 |
| 87677QAA9 | TXEZ 2016-1A 3.13100 06/15/2028 | US | 417,730.83 | $414,164.04 | |
| 87854WAA1 | TECHNIPLAS LLC 10.00000 05/01/2020 | US | 170,000 | $158,737.50 | |
| 88104LAE3 | TERRAFORM POWER OPERATIN 5.00000 01/31/2028 | US | 100,000 | $92,875.00 | |
| 88650V208 | TIER REIT INC | US | TIER | 7,045 | $165,557.50 |
| 89173CAA5 | TPMT 2016-5 A1 2.50000 10/25/2056 | US | 2,011,976.63 | $1,951,602.84 | |
| 89613BAA5 | TAH 2016-SFR1 A 2.58900 11/17/2033 | US | 1,985,701.91 | $1,932,458.29 | |
| 89613FAA6 | TAH 2017-SFR2 A 2.92800 01/17/2036 | US | 912,704.6 | $883,650.11 | |
| 901109AF5 | TUTOR PERINI CORP 6.87500 05/01/2025 | US | 255,000 | $252,200.10 | |
| 902653104 | UDR INC | US | UDR | 4,535 | $198,406.25 |
| 903002103 | UMH PROPERTIES INC | US | UMH | 3,355 | $47,070.65 |
| 90320MAA3 | UPCB FINANCE IV LTD 5.37500 01/15/2025 | KY | 100,000 | $96,250.00 | |
| 904767704 | UNILEVER PLC - ADR | GB | UL | 63,883 | $3,360,245.80 |
| 912796QY8 | TREASURY BILL 0.00000 02/21/2019 | US | 2,000,000 | $1,997,397.22 | |
| 912810FM5 | UNITED STATES TREAS BOND 6.25000 05/15/2030 | US | 3,558,000 | $4,788,845.63 | |
| 912810PT9 | UNITED STATES TREAS BOND 4.75000 02/15/2037 | US | 6,754,000 | $8,648,285.94 | |
| 912810QV3 | UNITED STATES TREAS INFL INDEX 0.75000 02/15/2042 | US | 2,568,789.23 | $2,398,439.72 | |
| 912810RK6 | US TREASURY N/B 2.50000 02/15/2045 | US | 10,747,000 | $9,770,954.13 | |
| 912810RX8 | US TREASURY N/B 3.00000 05/15/2047 | US | 6,854,000 | $6,845,432.50 | |
| 9128283W8 | US TREASURY N/B 2.75000 02/15/2028 | US | 9,010,000 | $9,102,915.63 | |
| 912828K33 | UNITED STATES TREAS INFL INDEX 0.12500 04/15/2020 | US | 21,448,586.25 | $21,164,001.47 | |
| 912828R36 | US TREASURY N/B 1.62500 05/15/2026 | US | 9,501,000 | $8,923,517.34 | |
| 912828S92 | US TREASURY N/B 1.25000 07/31/2023 | US | 16,050,000 | $15,234,960.94 | |
| 912828UH1 | UNITED STATES TREAS INFL INDEX 0.12500 01/15/2023 | US | 2,536,616.12 | $2,478,838.27 | |
| 912828X88 | US TREASURY N/B 2.37500 05/15/2027 | US | 9,036,000 | $8,896,224.38 | |
| 912828XB1 | UNITED STATES TREAS NTS 2.12500 05/15/2025 | US | 9,125,000 | $8,919,687.50 | |
| 91704F104 | URBAN EDGE PROPERTIES | US | UE | 6,010 | $122,724.20 |
| 92276F100 | VENTAS INC | US | VTR | 1,550 | $99,959.50 |
| 92339V100 | VEREIT INC | US | VER | 16,325 | $131,906.00 |
| 92343VDV3 | VERIZON COMMUNICATIONS 5.50000 03/16/2047 | US | 3,680,000 | $4,117,806.21 | |
| 92532F100 | VERTEX PHARMACEUTICALS INC | US | VRTX | 8,770 | $1,674,280.70 |
| 92826C839 | VISA INC - CLASS A SHARES | US | V | 34,580 | $4,668,645.80 |
| 92903PAC3 | VNO 2010 - VNO A2FX 4.00350 09/13/2028 | US | 275,000 | $279,426.95 | |
| 929042109 | VORNADO REALTY TRUST | US | VNO | 2,060 | $144,014.60 |
| 92922PAL0 | W & T OFFSHORE INC 9.75000 11/01/2023 | US | 140,000 | $136,150.00 | |
| 92960PAA7 | W/S PACKAGING HOLDINGS 9.00000 04/15/2023 | US | 145,000 | $145,725.00 | |
| 94856UAA9 | WEEKLEY HOMES LLC/ FINAN 6.62500 08/15/2025 | US | 250,000 | $230,000.00 | |
| 948741103 | WEINGARTEN REALTY INVESTORS | US | WRI | 3,940 | $113,038.60 |
| 95040Q104 | WELLTOWER INC. | US | WELL | 1,860 | $144,131.40 |
| 962178AL3 | TRI POINTE HOLDINGS INC 4.37500 06/15/2019 | US | 560,000 | $560,000.00 | |
| 962178AN9 | TRI POINTE GROUP / HOMES 5.87500 06/15/2024 | US | 145,000 | $139,743.75 | |
| 96949LAD7 | WILLIAMS PARTNERS LP 3.75000 06/15/2027 | US | 1,910,000 | $1,858,255.20 | |
| 97651JAE6 | WINWATER MORTGAGE LOAN TRUST 3.50000 03/20/2045 | US | 654,427.9 | $652,595.44 | |
| 97652TAA1 | WIN 2015-1 A1 3.50000 01/20/2045 | US | 804,075.61 | $794,630.86 | |
| 98919V105 | ZAYO GROUP HOLDINGS INC | US | ZAYO | 36,840 | $1,011,258.00 |
| AP0787667 | MPC CONTAINER SHIPS FLT 7.57163 09/22/2022 | NL | 200,000 | $196,436.00 | |
| AP8694550 | BOREALIS FINANCE LLC 7.50000 11/16/2022 | MH | 270,000 | $255,825.00 | |
| B00FM53 | BANCO BRADESCO SA - PREF | BR | BBDC4 BZ | 5,500 | $68,252.36 |
| B0190C7 | TECHTRONIC INDUSTRIES CO LTD | HK | 669 HK | 7,500 | $43,781.61 |
| B01FLR7 | PING AN INSURANCE GROUP CO-H | CN | 2318 HK | 10,000 | $97,355.60 |
| B01JCK9 | LI NING CO LTD | CN | 2331 HK | 81,409 | $100,167.65 |
| B02J639 | ADMIRAL GROUP PLC | GB | ADM LN | 1,700 | $46,226.38 |
| B02L3W3 | BERKELEY GROUP HOLDINGS | GB | BKG LN | 1,270 | $62,530.28 |
| B037HR3 | ITAU UNIBANCO HOLDINGS S-PREF | BR | ITUB4 BZ | 6,050 | $64,328.53 |
| B058TZ6 | SAFRAN SA | FR | SAF FP | 340 | $44,672.24 |
| B068DB9 | SM INVESTMENTS CORP | PH | SM PM | 2,385 | $45,497.12 |
| B07DRZ5 | RECORDATI SPA | IT | REC IM | 1,285 | $46,563.62 |
| B09DHL9 | MTU AERO ENGINES HOLDING AG | DE | MTX GR | 205 | $44,206.57 |
| B0C2CQ3 | ENGIE | FR | ENGI FP | 1,645 | $26,371.46 |
| B0CGYD6 | LOJAS RENNER S.A. | BR | LREN3 BZ | 4,290 | $53,519.14 |
| B0JDQD4 | BANDAI NAMCO HOLDINGS INC | JP | 7832 JP | 2,000 | $88,353.42 |
| B0SWJX3 | LONDON STOCK EXCHANGE GROUP | GB | LSE LN | 2,205 | $132,610.48 |
| B0YZ0Z5 | DEUTSCHE WOHNEN SE | DE | DWNI GR | 2,661 | $132,936.18 |
| B15C557 | TOTAL SA | FR | FP FP | 2,295 | $125,814.20 |
| B19NLV4 | EXPERIAN PLC | GB | EXPN LN | 1,815 | $45,570.13 |
| B1FW751 | GALP ENERGIA SGPS SA | PT | GALP PL | 7,530 | $117,652.33 |
| B1KFX13 | GRUPO AEROPORTUARIO DEL CENT | MX | OMAB MM | 7,700 | $43,009.43 |
| B1XFTL2 | HEXAGON AB-B SHS | SE | HEXAB SS | 1,940 | $95,004.64 |
| B1XH026 | VINCI SA | FR | DG FP | 1,760 | $154,862.87 |
| B1Y9TB3 | DANONE | FR | BN FP | 2,555 | $185,931.46 |
| B1YVKN8 | ANTA SPORTS PRODUCTS LTD | CN | 2020 HK | 24,000 | $124,151.01 |
| B1YXBJ7 | AIR LIQUIDE | FR | AI FP | 460 | $55,843.64 |
| B1Z9Q99 | ABOITIZ POWER CORP | PH | AP PM | 35,900 | $26,513.34 |
| B247XZ6 | MANILA ELECTRIC COMPANY | PH | MER PM | 5,950 | $41,856.33 |
| B249GC0 | MATSUMOTOKIYOSHI HOLDINGS CO | JP | 3088 JP | 1,900 | $58,695.20 |
| B283W97 | CAIXABANK S.A | ES | CABK SM | 21,845 | $82,617.54 |
| B2B0DG9 | RELX PLC | GB | REL LN | 2,095 | $46,403.14 |
| B3NB1P2 | SUNCOR ENERGY INC | CA | SU CN | 4,110 | $132,563.49 |
| B3ZCNF7 | TELEFONICA BRASIL S.A. - PREF | BR | VIVT4 BZ | 3,500 | $46,724.88 |
| B3ZD2V9 | MEX BONOS DESARR FIX RT 6.50000 06/10/2021 | MX | 2,850,000 | $143,563.78 | |
| B4888C1 | CANADIAN GOVERNMENT FLT 2.75000 06/01/2022 | CA | 360,000 | $282,498.42 | |
| B4975P9 | MAGAZINE LUIZA SA | BR | MGLU3 BZ | 400 | $19,639.18 |
| B4NDCC9 | MEX BONOS DESARR FIX RT 6.50000 06/09/2022 | MX | 4,000,000 | $198,643.99 | |
| B4R2R50 | JULIUS BAER | CH | BAER SW | 2,405 | $96,662.38 |
| B4V5RY4 | BANCO SANTANDER BRASIL - UNIT | BR | SANB11 BZ | 2,700 | $35,585.93 |
| B4YN9R2 | SINGAPORE GOVERNMENT 2.50000 06/01/2019 | SG | 660,000 | $490,947.93 | |
| B5VJH76 | BDO UNIBANK INC | PH | BDO PM | 17,530 | $45,545.20 |
| B607XS1 | VERMILION ENERGY INC | CA | VET CN | 4,280 | $104,886.79 |
| B615Y14 | MEX BONOS DESARR FIX RT 8.00000 06/11/2020 | MX | 5,300,000 | $276,127.44 | |
| B61JC67 | TREASURY WINE ESTATES LTD | AU | TWE AU | 11,535 | $129,814.53 |
| B63QM77 | NEXON CO LTD | JP | 3659 JP | 14,100 | $214,509.90 |
| B6TC406 | MEX BONOS DESARR FIX RT 7.75000 05/29/2031 | MX | 1,000,000 | $48,894.87 | |
| B725S29 | PUREGOLD PRICE CLUB INC | PH | PGOLD PM | 22,100 | $19,308.98 |
| B7311V6 | KALBE FARMA TBK PT | ID | KLBF IJ | 397,000 | $45,500.00 |
| B7T7721 | ROYAL BANK OF SCOTLAND | GB | RBS LN | 20,175 | $63,999.23 |
| B800MQ5 | ASTRA INTERNATIONAL TBK PT | ID | ASII IJ | 75,428 | $45,758.54 |
| B8FMRX8 | COLOPLAST-B | DK | COLOB DC | 480 | $43,847.62 |
| B8K9X70 | GRAND CITY PROPERTIES | DE | GYC GR | 2,794 | $69,515.96 |
| B92RW83 | LT GROUP INC | PH | LTG PM | 68,300 | $20,353.32 |
| B9895B7 | COCA-COLA HBC AG-DI | CH | CCH LN | 1,960 | $65,873.74 |
| B9G6L89 | LEG IMMOBILIEN AG | DE | LEG GR | 855 | $100,437.82 |
| B9N3SQ0 | BB SEGURIDADE PARTICIPACOES | BR | BBSE3 BZ | 3,200 | $27,251.59 |
| BBD7Q84 | SUNTORY BEVERAGE & FOOD LTD | JP | 2587 JP | 1,000 | $44,276.69 |
| BBG00MJRX139 | QRVO US 02/15/19 C67.5 | US | -127 | -$22,860.00 | |
| BBG00MMG82L5 | GOOG US 02/15/19 C1110 | US | -10 | -$37,000.00 | |
| BBG00MSXTDS8 | NOW US 02/01/19 C202.5 | US | -42 | -$73,290.00 | |
| BBG00MY7SR35 | MSFT US 02/08/19 C111 | US | -77 | -$770.00 | |
| BBG00N27NTT1 | BKNG US 03/01/19 C1970 | US | -4 | -$7,920.00 | |
| BBJPFY1 | VONOVIA SE | DE | VNA GR | 2,730 | $137,205.68 |
| BD0Q398 | KONINKLIJKE AHOLD DELHAIZE N | NL | AD NA | 2,485 | $65,469.92 |
| BD1WX84 | ENGIE BRASIL ENERGIA SA | BR | EGIE3 BZ | 5,350 | $61,388.87 |
| BD3JR69 | CHINA MAPLE LEAF EDUCATIONAL | CN | 1317 HK | 106,000 | $45,770.36 |
| BD4T6W7 | TELEKOMUNIKASI INDONESIA PER | ID | TLKM IJ | 170,000 | $47,443.42 |
| BD4TZK8 | OCI NV | NL | OCI NA | 1,770 | $37,431.21 |
| BD6K457 | COMPASS GROUP PLC | GB | CPG LN | 2,065 | $44,187.89 |
| BD82246 | EAGLE BULK SHIPCO 8.25000 11/28/2022 | MH | 196,000 | $194,040.00 | |
| BD9Y5C0 | TECHNOGYM SPA | IT | TGYM IM | 5,635 | $65,338.00 |
| BD9Y9B7 | BASIC-FIT NV | NL | BFIT NA | 2,145 | $65,622.87 |
| BDFLHY1 | AIRPORTS OF THAILAND PCL-FOR | TH | AOT/F TB | 20,800 | $46,063.09 |
| BDQZ7T7 | WISDOM EDUCATION INTERNATION | CN | 6068 HK | 104,000 | $42,493.61 |
| BDZV116 | EPIROC AB-A | SE | EPIA SS | 1,530 | $14,691.57 |
| BF7LBH4 | ATACADAO DISTRIBUICAO COMERC | BR | CRFB3 BZ | 4,700 | $25,760.31 |
| BF955D8 | TELENET FINANCE LUX NOTE 5.50000 03/01/2028 | LU | 280,000 | $264,600.00 | |
| BFTCYP4 | ROBINSONS RETAIL HOLDINGS IN | PH | RRHI PM | 11,880 | $20,062.18 |
| BFYM460 | UNIBAIL-RODAMCO-WESTFIELD | FR | URW NA | 985 | $177,153.59 |
| BG36ZK1 | B3 SA-BRASIL BOLSA BALCAO | BR | B3SA3 BZ | 4,500 | $38,828.42 |
| BG7ZWY7 | AMBEV SA | BR | ABEV3 BZ | 14,800 | $71,053.96 |
| BGHQ198 | HIBERNIA REIT PLC | IE | HBRN ID | 48,400 | $72,793.62 |
| BH4TZ73 | FU SHOU YUAN INTERNATIONAL | CN | 1448 HK | 137,000 | $112,338.99 |
| BHC8X90 | NOVO NORDISK A/S-B | DK | NOVOB DC | 935 | $43,819.79 |
| BJ2KSG2 | AKZO NOBEL | NL | AKZA NA | 1,800 | $154,920.89 |
| BMMV2K8 | TENCENT HOLDINGS LTD | CN | 700 HK | 111,802 | $4,976,823.27 |
| BNGN9Z1 | FINECOBANK SPA | IT | FBK IM | 11,040 | $120,048.31 |
| BP9DL90 | INDUSTRIA DE DISENO TEXTIL | ES | ITX SM | 77,280 | $2,161,764.95 |
| BSQXJ01 | THULE GROUP AB/THE | SE | THULE SS | 4,630 | $94,529.50 |
| BSS7GP5 | AGL ENERGY LTD | AU | AGL AU | 4,305 | $67,264.21 |
| BYMXPS7 | UNICREDIT SPA | IT | UCG IM | 3,697 | $42,738.98 |
| BYNXBZ5 | ADO PROPERTIES SA | DE | ADJ GR | 560 | $33,616.41 |
| BYW0PQ6 | LAND SECURITIES GROUP PLC | GB | LAND LN | 2,770 | $31,501.34 |
| BYWPGC4 | CHINA YUHUA EDUCATION CORP L | CN | 6169 HK | 162,000 | $65,540.00 |
| BYXS699 | QIAGEN N.V. | NL | QIA GR | 2,100 | $77,560.79 |
| BYYHL23 | ANHEUSER-BUSCH INBEV SA/NV | BE | ABI BB | 54,612 | $4,172,528.39 |
| BYZFZ91 | SOPHOS GROUP PLC | GB | SOPH LN | 16,250 | $71,952.46 |
| BZ3C3Q4 | BANKIA SA | ES | BKIA SM | 27,786 | $80,995.33 |
| BZ4CMZ5 | DAVIDE CAMPARI-MILANO SPA | IT | CPR IM | 9,960 | $89,486.15 |
| G02602103 | AMDOCS LTD | GG | DOX | 2,880 | $160,934.40 |
| G0772R208 | BANK OF N.T. BUTTERFIELD&SON | BM | NTB | 1,360 | $47,668.00 |
| G25839104 | COCA-COLA EUROPEAN PARTNERS | GB | CCEP | 1,315 | $62,567.70 |
| G27358103 | DESPEGAR.COM CORP | AR | DESP | 1,705 | $25,609.10 |
| G3157S106 | ENSCO INTERNATIONAL INC | US | ESV | 146,435 | $644,314.00 |
| G37585AC3 | GASLOG LTD 8.87500 03/22/2022 | BM | 250,000 | $253,750.00 | |
| G5960L103 | MEDTRONIC INC | IE | MDT | 68,720 | $6,074,160.80 |
| G84720104 | STERIS PLC | GB | STE | 565 | $64,443.90 |
| G97822103 | PERRIGO CO PLC | IE | PRGO | 2,270 | $105,441.50 |
| H8817H100 | TRANSOCEAN LTD | US | RIG | 93,950 | $805,151.50 |
| M22465104 | CHECK POINT SOFTWARE TECH | IL | CHKP | 420 | $47,006.40 |
| N22717107 | CORE LABORATORIES N.V. | NL | CLB | 1,025 | $69,146.50 |
| N47279109 | INTERXION HOLDING NV | NL | INXN | 49,530 | $2,973,781.20 |
| N72482123 | QIAGEN N.V. ADR | NL | QGEN | 1,470 | $54,434.10 |
| USD | US DOLLAR | US | 4,624,977.9 | $4,624,977.90 |
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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