Collective Investment Trusts

Pro-Mix® Moderate Term CIT

Investment Objective

To provide equal emphasis on long-term capital growth and capital preservation.

Investment Strategy

The portfolio is invested in a moderately conservative mix of securities that seeks to balance growth and capital preservation for a more stable rate of return relative to an investment in the stock market. Holdings are diversified primarily among intermediate to long-term fixed income securities. Because this fund is designed to moderate risk, stocks will typically be a minority in the portfolio, unless the fund manager’s analysis shows that the stock market is especially attractive.

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

May be Appropriate for Investors

  • Who want long-term capital growth and who seek to minimize extreme declines in account value
  • Who have a moderate tolerance for capital risk

About Our Risk-Based Funds

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

Time Horizon & Range of Stock Exposure

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

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

Learn more about our Pro-Mix® Series

Daily Price

$16.48

Daily $ Change

$0.10

Daily % Change

0.61%

as of 04/23/2024

CUSIP

302027131

Inception Date

10/15/2013

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

Important Documents

Applications & Forms
Fact Sheet
Annual Report

Performance

As of 03/31/2024

YTD

1.95%

1 Year

8.40%

3 Year

1.31%

5 Year

5.88%

10 Year

4.69%

Inception
(10/15/2013)

6.20%

Performance data quoted represents past performance and does not guarantee future results. Performance for periods greater than one year is annualized. Your investment may fluctuate in value and there is a potential for loss as well as profit.

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

Expense Ratio

Gross 0.50%
Net 0.49%*

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

Top Ten Investments

As of 03/31/2024

TREASURY NOTES 17.25%
GOVERNMENT AGENCY 12.16%
TREASURY BONDS 5.25%
ISHARES BROAD USD HIGH YIELD 2.43400 2.79%
AMAZON.COM INC 2.27%
MASTERCARD INC-CLASS A 1.65%
ALPHABET INC-CL A 1.47%
TAIWAN SEMICONDUCTOR - SP ADR 1.40%
TSY INFL IX N/B 2.37500 01/15/2027 1.36%
MICRON TECHNOLOGY INC 1.28%

This investment list is unaudited and excludes cash.

Asset Allocation

As of 03/31/2024

Bonds
61.68%
Stocks
36.34%
Cash
1.98%

Detailed Asset Class Allocation

As of 03/31/2024

International Equities
10.72%
Small Capitalization
0.22%
Mid Capitalization
2.14%
Large Capitalization
23.27%
Long Term Fixed Income
12.96%
Intermediate Term Fixed Income
41.71%
Short Term Fixed Income
7.00%
Cash
1.98%

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

Security Description Country Ticker Shares/Par Market Value (USD)
ADMIRAL GROUP PLC GB ADM LN 11,744 $420,878.37
ADMIRAL GROUP PLC ADR GB AMIGY 43,452 $1,555,581.60
AERCAP IRELAND CAP/GLOBA 3.00000 10/29/2028 IE 1,500,000 $1,358,795.94
AGREE REALTY CORP US ADC 4,079 $232,992.48
AIR LIQUIDE FR AI FP 1,469 $305,623.54
AIRBUS SE FR AIR FP 1,951 $359,430.41
ALASKA AIR 2020-1 CL B 8.00000 08/15/2025 US 65,903.66 $67,089.98
ALCON INC CH ALC SW 1,238 $102,396.81
ALCON INC CH ALC 22,609 $1,883,103.61
ALIBAB GROUP HOLDINGS 2.12500 02/09/2031 KY 800,000 $665,066.34
ALIBABA GROUP HOLDING 4.00000 12/06/2037 KY 2,890,000 $2,510,661.03
ALPHABET INC-CL A US GOOGL 40,571 $6,123,381.03
AMAZON.COM INC US AMZN 52,409 $9,453,535.42
AMAZON.COM INC 3.30000 04/13/2027 US 530,000 $509,883.55
AMERICAN HOMES 4 RENT- A US AMH 6,576 $241,865.28
AMERICAN TOWER REIT INC US AMT 1,504 $297,175.36
AMERICOLD REALTY TRUST US COLD 5,216 $129,982.72
ASHTEAD CAPITAL INC 4.00000 05/01/2028 US 1,430,000 $1,344,729.21
ASTRAZENECA GB AZN 55,153 $3,736,615.75
ATLASSIAN CORP PLC-CLASS A AU TEAM 886 $172,867.46
AUCKLAND INTL AIRPORT LTD NZ AIA NZ 43,041 $214,718.96
AUTO TRADER GROUP PLC GB AUTO LN 25,752 $227,413.70
AVALONBAY COMMUNITIES INC US AVB 1,722 $319,534.32
AVANZA BANK HOLDING AB SE AZA SS 5,452 $117,528.80
BAE SYSTEMS PLC GB BA/ LN 15,602 $265,942.77
BAE SYSTEMS PLC -SPON ADR GB BAESY 22,777 $1,579,584.95
BANK OF AMERICA CORP 2.68700 04/22/2032 US 2,220,000 $1,878,053.16
BEIERSDORF AG DE BEI GR 2,177 $316,965.04
BIOMARIN PHARMACEUTICAL INC US BMRN 29,756 $2,598,889.04
BNSF FUNDING TRUST I 6.61300 12/15/2055 US 1,070,000 $1,062,563.05
BORR IHC LTD 10.00000 11/15/2028 MUL 380,000 $396,778.65
BRENNTAG AG DE BNR GR 1,676 $141,255.03
BROOGE PETROLEUM AND GAS 8.50000 09/24/2025 AE 412,647 $290,707.15
CAALT 2021-3A B MTGE 1.38000 07/15/2030 US 1,950,000 $1,914,582.11
CANADIAN NATIONAL RAILWAY CO CA CNI 22,303 $2,937,528.13
CAPITAL ONE FINANCIAL CO 5.70000 02/01/2030 US 2,720,000 $2,742,858.20
CELLNEX TELECOM SA ES CLNX SM 8,180 $289,365.07
CELLNEX TELECOM SAU-UNSP ADR ES CLLNY 9,649 $170,015.38
CENOVUS ENERGY INC 6.75000 11/15/2039 CA 1,750,000 $1,932,281.68
CIM 2019-INV1 A1 4.00000 02/25/2049 US 21,650.73 $20,590.79
CITIGROUP INC 1.46200 06/09/2027 US 2,210,000 $2,030,476.51
CLARK CNTY NV 1.51000 11/01/2028 US 2,040,000 $1,757,773.32
CLEANAWAY WASTE MANAGEMENT AU CWY AU 136,027 $241,022.46
COCA COLA CO/THE US KO 78,972 $4,831,506.96
COLO 2021-2A A2 MTGE 2.40000 10/25/2051 US 1,060,000 $950,584.17
COLO 2023 - 1A A2 MTGE 5.11600 02/25/2053 US 1,350,000 $1,284,700.22
COLT 2024-INV1 A1 5.90300 12/25/2068 US 1,203,141.81 $1,197,640.62
CONSTELLATION BRANDS INC-A US STZ 9,107 $2,474,918.32
COPART INC US CPRT 53,813 $3,116,848.96
CROWN CASTLE INTL CORP US CCI 1,313 $138,954.79
CSMC 2013-IVR3 A1 2.50000 05/25/2043 US 193,734.05 $167,208.67
CSMC 2013-TH1 A1 2.13000 02/25/2043 US 109,821.66 $91,449.62
CSX CORP US CSX 64,424 $2,388,197.68
DEUTSCHE BOERSE AG DE DB1 GR 2,218 $454,224.11
DEUTSCHE BOERSE AG ADR DE DBOEY 114,853 $2,346,446.79
DIAGEO PLC GB DGE LN 3,344 $123,735.42
DIGITAL REALTY TRUST INC US DLR 1,012 $145,768.48
DIGITALBRIDGE GROUP INC US DBRG 6,934 $133,618.18
DOLLARAMA INC CA DOL CN 2,558 $194,869.16
ELECTRONIC ARTS US EA 29,879 $3,964,046.93
ENERGY TRANSFER LP 7.37500 02/01/2031 US 1,275,000 $1,336,447.45
ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 US 1,895,000 $2,013,834.24
EQUINIX INC US EQIX 1,467 $1,210,759.11
EQUITY COMMONWEALTH US EQC 6,362 $120,114.56
EQUITY LIFESTYLE PROPERTIES US ELS 4,275 $275,310.00
EQUITY RESIDENTIAL US EQR 2,658 $167,746.38
EVERGY INC US EVRG 45,265 $2,416,245.70
EXPERIAN PLC IE EXPN LN 5,694 $248,104.38
EXTRA SPACE STORAGE INC US EXR 1,915 $281,505.00
FEDERAL NATIONAL FS5443 MTGE 4.50000 06/01/2043 US 2,009,428.97 $1,942,850.32
FEDERAL NATL MTG ASSN 889576 6.00000 04/01/2038 US 115,891.66 $121,085.44
FEDERAL NATL MTG ASSN AD0119 6.00000 07/01/2038 US 56,230.63 $58,750.65
FEDERAL NATL MTG ASSN AD0220 6.00000 10/01/2038 US 25,189.44 $26,318.83
FEDERAL NATL MTG ASSN AD0462 5.50000 10/01/2024 US 126.31 $125.59
FEDERAL NATL MTG ASSN AE0951 4.50000 02/01/2041 US 159,535.27 $156,541.65
FEDERAL NATL MTG ASSN AH9054 4.50000 04/01/2041 US 62,248.34 $61,010.84
FEDERAL NATL MTG ASSN AL7767 4.50000 06/01/2044 US 488,862.92 $479,144.31
FEDERAL NATL MTG ASSN AL8674 FLT 5.64300 01/01/2049 US 778,957.94 $803,081.85
FEDERAL NATL MTG ASSN BC6764 3.50000 04/01/2046 US 135,647.66 $123,934.27
FEDERAL NATL MTG ASSN BD6987 4.00000 10/01/2046 US 375,561.34 $354,905.36
FEDERAL NATL MTG ASSN BW1194 4.00000 09/01/2052 US 3,079,042.26 $2,853,634.57
FEDERAL NATL MTG ASSN FN FS1179 3.50000 12/01/2049 US 1,795,032.56 $1,636,161.73
FEDERAL NATL MTG ASSN FN MA3412 3.50000 07/01/2038 US 100,055.63 $94,264.80
FEDERAL NATL MTG ASSN FN MA4687 4.00000 06/01/2042 US 1,903,505.05 $1,801,854.19
FEDERAL NATL MTG ASSN MA1834 4.50000 02/01/2034 US 166,391.23 $164,002.59
FEDERAL NATL MTG ASSN MA1903 4.50000 05/01/2034 US 142,657.61 $140,612.56
FEDERAL NATL MTG ASSN MA4600 3.50000 05/01/2052 US 2,051,476.56 $1,839,895.60
FEDERAL NATL MTG ASSN MA4644 4.00000 05/01/2052 US 1,986,611.95 $1,841,177.89
FEDERAL NATL MTG ASSN SD4235 6.00000 11/01/2053 US 1,934,882.1 $1,964,761.54
FEDERAL NATL MTG ASSN SD8044 3.00000 02/01/2050 US 1,902,074.67 $1,660,674.29
FEDERAL NATL MTG ASSN SD8276 5.00000 12/01/2052 US 3,239,708.87 $3,164,970.92
FEDERAL NATL MTG FN MA4203 2.50000 12/01/2040 US 1,999,276.35 $1,750,671.85
FHLM GOLD POOL FG G08786 4.50000 10/01/2047 US 351,332.98 $341,416.50
FHLM POOL G03332 6.00000 10/01/2037 US 17,546.55 $18,356.39
FHLM POOL G05900 6.00000 03/01/2040 US 38,469.47 $40,244.98
FHLM POOL G05906 6.00000 04/01/2040 US 33,858.51 $35,421.21
FHLM POOL G06995 6.00000 05/01/2040 US 111,994.52 $117,163.49
FHLM POOL G60034 4.50000 02/01/2045 US 866,409.18 $847,714.11
FHLM POOL SD8230 4.50000 06/01/2052 US 1,675,641.52 $1,600,044.77
FHR 5189 CP 2.50000 06/25/2049 US 1,451,435.75 $1,238,178.65
FINECOBANK SPA IT FBK IM 8,725 $130,672.57
FIRST INDUSTRIAL REALTY TR US FR 1,780 $93,521.20
FLAGSHIP COMMUNITIES REIT UT US MHC/U CN 8,366 $144,062.52
FLX 2021-1A A2 3.25000 11/27/2051 US 1,720,000 $1,558,841.31
FN DS2696 3.00000 12/01/2051 US 2,223,650.61 $1,938,593.03
FN FS4339 MTGE 3.00000 12/01/2050 US 2,509,663.61 $2,197,654.80
FN FS4925 MTGE 3.50000 04/01/2052 US 3,119,376.05 $2,827,437.61
FN MA4020 MTGE 3.00000 05/01/2050 US 3,263,685.3 $2,845,302.03
FN MA4733 4.50000 09/01/2052 US 2,195,544.82 $2,094,652.55
FN MA4807 MTGE 5.50000 11/01/2052 US 1,575,783 $1,570,848.29
FN MA4868 MTGE 5.00000 01/01/2053 US 2,893,744.97 $2,826,988.18
FN MA4934 MTGE 5.00000 02/01/2043 US 3,011,343.72 $2,986,845.08
FNR 2018-31 KP 3.50000 07/25/2047 US 17,763.78 $17,283.75
FR QG6308 MTG 6.00000 07/01/2053 US 2,426,023.08 $2,457,797.00
FR SD1360 MTGE 5.50000 07/01/2052 US 2,869,949.9 $2,863,364.23
GLOBANT SA LU GLOB 1,032 $208,360.80
GNR 2017-54 AH MTGE 2.60000 12/16/2056 US 135,965.37 $123,120.84
GOLDEN PEAR FUND HOLDCO 10.00000 03/02/2028 US 235,000 $197,816.93
GOODG 2020-1A MTGE 2.63000 04/15/2055 US 903,667.61 $743,391.59
GOODMAN GROUP AU GMG AU 5,937 $130,776.11
GSMBS 2021-INV1 A6 2.50000 12/25/2051 US 910,332.74 $785,806.49
GSMBS 2021-PJ6 A8 2.50000 11/25/2051 US 718,459.61 $632,574.74
GSMBS 2021-PJ9 A8 2.50000 02/26/2052 US 727,286.98 $626,799.72
GSMBS 2022-PJ1 A8 2.50000 05/28/2052 US 1,136,421.31 $975,859.56
HALMA PLC GB HLMA LN 12,669 $378,301.16
HAWAII ST 2.68200 10/01/2038 US 1,170,000 $906,935.84
HDFC BANK LTD-ADR IN HDB 63,528 $3,555,662.16
HEINEKEN NV NL HEIA NA 4,177 $402,694.71
HEINEKEN NV-SPN ADR NL HEINY 79,431 $3,838,900.23
HELIOS TOWERS PLC GB HTWS LN 85,665 $102,050.16
HOTWIRE FUNDING LLC 5.68700 05/20/2053 US 2,800,000 $2,741,792.76
HUMANA INC US HUM 4,344 $1,506,151.68
IMCD NV NL IMCD NA 2,234 $393,206.54
IMPRL 2021-NQM3 1.59500 11/25/2056 US 812,833.22 $674,726.81
INFRABUILD AUTRALIA PTY 14.50000 11/15/2028 AU 390,000 $404,449.38
INTERCONTINENTALEXCHANGE INC US ICE 17,121 $2,352,939.03
INTERMEDIATE CAPITAL GROUP GB ICP LN 9,967 $258,160.10
INTUITIVE SURGICAL INC US ISRG 4,013 $1,601,548.17
INVITATION HOMES INC US INVH 11,610 $413,432.10
ISHARES BROAD USD HIGH YIELD 2.43400 US 317,875 $11,631,046.25
ITALY GOV'T INT BOND 2.37500 10/17/2024 IT 240,000 $235,847.30
JAPAN (2 YEAR ISSUE) 0.10000 01/01/2026 JP 200,000,000 $1,319,553.64
JOHNSON & JOHNSON US JNJ 28,690 $4,538,471.10
JPMMT 2014-2 1A1 3.00000 06/25/2029 US 131,658.37 $126,184.69
JPMORGAN CHASE & CO 4.49300 03/24/2031 US 3,190,000 $3,085,279.25
KEYENCE CORP JP 6861 JP 600 $278,556.55
KEYWORDS STUDIOS PLC IE KWS LN 9,243 $151,892.00
L'OREAL FR OR FP 143 $67,720.75
L3HARRIS TECHNOLOGIES INC US LHX 22,096 $4,708,657.60
LEXINGTON REALTY TRUST US LXP 28,794 $259,721.88
LONZA GROUP AG -REG CH LONN SW 590 $352,583.14
LONZA GROUP AG ADR CH LZAGY 7,481 $448,186.71
MARRIOTT VACATIONS WORLD US VAC 1,136 $122,381.28
MASCO CORP US MAS 22,095 $1,742,853.60
MASSMUTUAL GLOBAL FUNDING 4.85000 01/17/2029 US 660,000 $656,680.38
MASTERCARD INC-CLASS A US MA 14,244 $6,859,483.08
MEDTRONIC INC IE MDT 21,216 $1,848,974.40
MERCADOLIBRE INC BR MELI 201 $303,903.96
MET LIFE GLOB FUNDING I 4.85000 01/08/2029 US 660,000 $655,238.11
META PLATFORMS INC US META 8,564 $4,158,507.12
MEX BONOS DESARR FIX RT 7.75000 05/29/2031 MX 1,000,000 $55,441.96
MICRON TECHNOLOGY INC US MU 45,265 $5,336,290.85
MICROSOFT CORP US MSFT 6,690 $2,814,616.80
MID-AMERICA APARTMENT COMM US MAA 732 $96,316.56
MONARCH CASINO & RESORT INC US MCRI 2,038 $152,829.62
MONDELEZ INTERNATIONAL INC US MDLZ 21,140 $1,479,800.00
MOODY'S CORPORATION US MCO 8,320 $3,270,009.60
NAVIENT CORP 6.75000 06/25/2025 US 395,000 $397,519.57
NESTLE S.A. - ADR CH NSRGY 33,660 $3,574,692.00
NESTLE SA-REGISTERED CH NESN SW 3,453 $366,881.11
NEW FORTRESS ENERGY INC 8.75000 03/15/2029 US 420,000 $418,557.64
NEW YORK LIFE GLOBAL FDG 4.70000 01/29/2029 US 660,000 $653,117.13
NEWCASTLE COAL INFRASTRU 4.40000 09/29/2027 AU 1,235,974.66 $1,169,476.82
NORTHROP GRUMMAN CORP US NOC 4,854 $2,323,415.64
NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 CA 380,000 $3.80
NOVARTIS AG- REG CH NVS 18,554 $1,794,728.42
NRG 7.467 07/31/28 CORP 7.46700 07/31/2028 US 1,200,000 $1,268,730.79
NRZT 2014-3A AFX3 3.75000 11/25/2054 US 196,135.69 $182,985.48
NRZT 2015-2A A1 3.75000 08/25/2055 US 228,081.96 $211,897.06
NRZT 2016-4A A1 3.75000 11/25/2056 US 457,537.28 $424,791.38
NYMT 2022-CP1 A1 2.04240 07/25/2061 US 892,455.55 $809,331.97
OASIS 2023-1A 7.00000 02/15/2035 US 577,133.31 $576,047.15
OBX 2022-INV1 A1 3.00000 12/25/2051 US 1,178,344.75 $988,576.72
OPEN INFRA IS ASSETS AB 11.00000 02/22/2027 US 400,000 $398,010.42
OXFIN 2020-1A A2 3.10100 02/15/2028 US 376,308.83 $365,541.02
OXFIN 2022-1A 3.60200 02/15/2030 US 1,649,299.74 $1,575,692.81
OXFIN 2023-1A A2 6.71600 02/15/2031 US 2,100,000 $2,116,368.24
OXFINF 2024-A A2 6.67500 01/14/2032 US 195,000 $193,810.62
PALOMINO FUNDING TRUST I 7.23300 05/17/2028 US 2,490,000 $2,611,560.48
PEAR 2021-1 A MTGE 2.60000 01/15/2034 US 933,938.21 $902,176.09
PEAR 2023-1A 7.42000 07/15/2035 US 1,038,172.61 $1,049,278.36
PELORUS FUND REIT 7.00000 09/30/2026 US 55,000 $53,931.63
PEPSICO INC 3.90000 07/18/2032 US 2,540,000 $2,407,028.36
PFMT 2021 -INV1 A1 2.50000 08/25/2051 US 1,474,686.08 $1,195,322.74
PFMT 2021-2 A2A 2.00000 04/25/2051 US 878,298.75 $735,710.74
PHILIP MORRIS INTERNATIONAL US PM 43,943 $4,026,057.66
PMTLT 2013-J1 a9 3.50000 09/25/2043 US 205,838.18 $186,734.88
PROLOGIS US PLD 8,456 $1,101,140.32
PUBLIC STORAGE INC US PSA 1,478 $428,708.68
QUALCOMM INC 4.25000 05/20/2032 US 2,760,000 $2,663,572.47
RCKT 2021-6 A1 2.50000 12/25/2051 US 1,910,336.57 $1,532,198.38
REALTY INCOME CORP US O 3,798 $205,471.80
REXFORD INDUSTRIAL REALITY IN US REXR 6,456 $324,736.80
S&P GLOBAL INC US SPGI 5,181 $2,204,256.45
SBA COMMUNICATIONS CORP US SBAC 2,021 $437,950.70
SBA TOWER TRUST 1.88400 01/15/2026 US 1,730,000 $1,615,196.16
SBA TOWER TRUST 6.59900 01/15/2028 US 1,785,000 $1,829,489.34
SCML 2019-SBC8 2.86000 04/25/2041 US 907,999.27 $843,145.42
SEMT 2013-2 1.87400 02/25/2043 US 101,302.18 $85,547.84
SEMT 2013-6 A2 3.00000 05/25/2043 US 267,972.01 $236,595.83
SEMT 2013-7 A2 3.00000 06/25/2043 US 112,286.65 $98,133.69
SEMT 2013-8 A1 3.00000 06/25/2043 US 134,454.56 $119,253.09
SERVICENOW INC US NOW 2,145 $1,635,348.00
SIMON PROPERTY 2.25000 01/15/2032 US 1,110,000 $908,566.80
SIMON PROPERTY GROUP LP 2.65000 02/01/2032 US 3,400,000 $2,867,655.78
SIRIUSPOINT LTD 7.00000 04/05/2029 BM 1,245,000 $1,243,082.70
SLMA 2008-3 A3 6.62250 10/25/2021 US 1,890,608.85 $1,876,477.44
SLMA 2008-4 A4 7.27250 07/25/2022 US 1,862,536.38 $1,881,642.32
SMB 2020-BA A1A 1.29000 07/15/2053 US 733,694.53 $669,202.49
SOFI 2018-B A2FX MTGE 3.34000 08/25/2047 US 118,425.6 $115,816.90
SONY CORP FIRST SECTION JP 6758 JP 3,500 $300,127.55
SORT 2020-1 A1 MTGE 1.69000 07/15/2060 US 921,938.3 $861,977.65
SORT 2020-1 A2 1.99000 07/15/2060 US 769,337.41 $661,576.32
SOUTH CAROLINA ST PUBLIC SVC 2.32900 12/01/2028 US 770,000 $681,660.49
SRPT 2014-STAR A FLTG RATE 8.50000 11/15/2027 US 1,376,287.47 $977,155.71
SUN COMMUNITIES US SUI 3,254 $418,399.32
TAIWAN SEMICONDUCTOR - SP ADR TW TSM 42,908 $5,837,633.40
TECHTRONIC INDUSTRIES CO LTD HK 669 HK 29,500 $400,842.03
TECHTRONIC INDUSTRIES-SP ADR HK TTNDY 24,848 $1,689,291.28
TENCENT HOLDINGS 3.97500 04/11/2029 KY 5,250,000 $4,990,280.35
TENCENT HOLDINGS LTD CN 700 HK 8,400 $327,179.53
TERRENO REALTY CORP US TRNO 4,286 $284,590.40
THERMO FISHER SCIENTIFIC INC US TMO 2,925 $1,700,039.25
TPMT 2016-5 A1 2.50000 10/25/2056 US 14,608.55 $14,547.14
TPMT 2017-1 A1 2.75000 10/25/2056 US 3,808.32 $3,792.22
TPMT 2019-HY1 A1 6.44389 10/25/2048 US 192,025.19 $194,837.76
TREASURY BOND 2.37500 02/15/2042 US 23,096,000 $17,206,520.00
TREASURY NOTE 2.25000 11/15/2027 US 13,387,000 $12,458,276.88
TSY INFL IX N/B 0.12500 01/15/2031 US 5,355,205.6 $4,772,290.24
TSY INFL IX N/B 2.37500 01/15/2027 US 5,635,691.6 $5,683,178.39
UDR INC US UDR 2,774 $103,775.34
UNION PAC CORP US UNP 7,589 $1,866,362.77
UNITED AIR 2018-1 B PTT 4.60000 03/01/2026 US 46,524.4 $44,576.27
UNITED AIR 2019-2 B PTT 3.50000 05/01/2028 US 309,288.94 $285,720.36
UNITEDHEALTH GROUP INC US UNH 3,151 $1,558,799.70
US CLAIMS LIT FNDG LLC 10.25000 03/17/2028 US 250,000 $212,917.35
US DOLLAR US 8,427,412.17 $8,427,412.17
US TEASURY NOTE 1.75000 11/15/2029 US 16,739,000 $14,747,320.63
US TREASURY N/B 0.87500 11/15/2030 US 9,911,000 $8,031,007.19
US TREASURY N/B 2.25000 11/15/2025 US 16,526,000 $15,877,870.94
US TREASURY N/B 3.62500 02/15/2053 US 5,273,000 $4,639,416.09
US TREASURY N/B 4.12500 11/15/2032 US 20,851,000 $20,730,455.16
VENTAS INC US VTR 3,200 $139,328.00
VERTEX PHARMACEUTICALS INC US VRTX 5,348 $2,235,517.48
VISA INC - CLASS A SHARES US V 17,002 $4,744,918.16
WARNERMEDIA HOLDINGS INC 4.05400 03/15/2029 US 1,960,000 $1,834,668.86
WELLTOWER INC. US WELL 4,222 $394,503.68
WIN 2015-1 A1 3.50000 01/20/2045 US 75,769.77 $68,544.84

Investments will change over time.

A Word About Risk

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

About The Fund Manager

Manning & Napier Advisors, LLC (Manning & Napier) provides investment advisory services to Exeter Trust Company, Trustee of the Manning & Napier Collective Investment Trust Funds. Manning & Napier is headquartered in Rochester, NY and has more than 50 years of experience managing investment objectives. The Firm’s active management approach focuses on participating in rising markets and, as important, helping to reduce the risk of large losses in sustained bear market periods. A team of investment analysts and professionals make all investment decisions in an effort to provide investors with strong risk-adjusted returns.

Daily Price

$16.48

Daily $ Change

$0.10

Daily % Change

0.61%

as of 04/23/2024

CUSIP

302027131

Inception Date

10/15/2013

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

Important Documents

Applications & Forms
Fact Sheet
Annual Report

Investment Objective

To provide equal emphasis on long-term capital growth and capital preservation.

Investment Strategy

The portfolio is invested in a moderately conservative mix of securities that seeks to balance growth and capital preservation for a more stable rate of return relative to an investment in the stock market. Holdings are diversified primarily among intermediate to long-term fixed income securities. Because this fund is designed to moderate risk, stocks will typically be a minority in the portfolio, unless the fund manager’s analysis shows that the stock market is especially attractive.

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

May be Appropriate for Investors

  • Who want long-term capital growth and who seek to minimize extreme declines in account value
  • Who have a moderate tolerance for capital risk

About Our Risk-Based Funds

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

Time Horizon & Range of Stock Exposure

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

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

Learn more about our Pro-Mix® Series

Performance

As of 03/31/2024

YTD

1.95%

1 Year

8.40%

3 Year

1.31%

5 Year

5.88%

10 Year

4.69%

Inception
(10/15/2013)

6.20%

Performance data quoted represents past performance and does not guarantee future results. Performance for periods greater than one year is annualized. Your investment may fluctuate in value and there is a potential for loss as well as profit.

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

Expense Ratio

Gross 0.50%
Net 0.49%*

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

Top Ten Investments

As of 03/31/2024

TREASURY NOTES 17.25%
GOVERNMENT AGENCY 12.16%
TREASURY BONDS 5.25%
ISHARES BROAD USD HIGH YIELD 2.43400 2.79%
AMAZON.COM INC 2.27%
MASTERCARD INC-CLASS A 1.65%
ALPHABET INC-CL A 1.47%
TAIWAN SEMICONDUCTOR - SP ADR 1.40%
TSY INFL IX N/B 2.37500 01/15/2027 1.36%
MICRON TECHNOLOGY INC 1.28%

This investment list is unaudited and excludes cash.

Asset Allocation

As of 03/31/2024

Bonds
61.68%
Stocks
36.34%
Cash
1.98%

Detailed Asset Class Allocation

As of 03/31/2024

International Equities
10.72%
Small Capitalization
0.22%
Mid Capitalization
2.14%
Large Capitalization
23.27%
Long Term Fixed Income
12.96%
Intermediate Term Fixed Income
41.71%
Short Term Fixed Income
7.00%
Cash
1.98%

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

Security Description Country Ticker Shares/Par Market Value (USD)
ADMIRAL GROUP PLC GB ADM LN 11,744 $420,878.37
ADMIRAL GROUP PLC ADR GB AMIGY 43,452 $1,555,581.60
AERCAP IRELAND CAP/GLOBA 3.00000 10/29/2028 IE 1,500,000 $1,358,795.94
AGREE REALTY CORP US ADC 4,079 $232,992.48
AIR LIQUIDE FR AI FP 1,469 $305,623.54
AIRBUS SE FR AIR FP 1,951 $359,430.41
ALASKA AIR 2020-1 CL B 8.00000 08/15/2025 US 65,903.66 $67,089.98
ALCON INC CH ALC SW 1,238 $102,396.81
ALCON INC CH ALC 22,609 $1,883,103.61
ALIBAB GROUP HOLDINGS 2.12500 02/09/2031 KY 800,000 $665,066.34
ALIBABA GROUP HOLDING 4.00000 12/06/2037 KY 2,890,000 $2,510,661.03
ALPHABET INC-CL A US GOOGL 40,571 $6,123,381.03
AMAZON.COM INC US AMZN 52,409 $9,453,535.42
AMAZON.COM INC 3.30000 04/13/2027 US 530,000 $509,883.55
AMERICAN HOMES 4 RENT- A US AMH 6,576 $241,865.28
AMERICAN TOWER REIT INC US AMT 1,504 $297,175.36
AMERICOLD REALTY TRUST US COLD 5,216 $129,982.72
ASHTEAD CAPITAL INC 4.00000 05/01/2028 US 1,430,000 $1,344,729.21
ASTRAZENECA GB AZN 55,153 $3,736,615.75
ATLASSIAN CORP PLC-CLASS A AU TEAM 886 $172,867.46
AUCKLAND INTL AIRPORT LTD NZ AIA NZ 43,041 $214,718.96
AUTO TRADER GROUP PLC GB AUTO LN 25,752 $227,413.70
AVALONBAY COMMUNITIES INC US AVB 1,722 $319,534.32
AVANZA BANK HOLDING AB SE AZA SS 5,452 $117,528.80
BAE SYSTEMS PLC GB BA/ LN 15,602 $265,942.77
BAE SYSTEMS PLC -SPON ADR GB BAESY 22,777 $1,579,584.95
BANK OF AMERICA CORP 2.68700 04/22/2032 US 2,220,000 $1,878,053.16
BEIERSDORF AG DE BEI GR 2,177 $316,965.04
BIOMARIN PHARMACEUTICAL INC US BMRN 29,756 $2,598,889.04
BNSF FUNDING TRUST I 6.61300 12/15/2055 US 1,070,000 $1,062,563.05
BORR IHC LTD 10.00000 11/15/2028 MUL 380,000 $396,778.65
BRENNTAG AG DE BNR GR 1,676 $141,255.03
BROOGE PETROLEUM AND GAS 8.50000 09/24/2025 AE 412,647 $290,707.15
CAALT 2021-3A B MTGE 1.38000 07/15/2030 US 1,950,000 $1,914,582.11
CANADIAN NATIONAL RAILWAY CO CA CNI 22,303 $2,937,528.13
CAPITAL ONE FINANCIAL CO 5.70000 02/01/2030 US 2,720,000 $2,742,858.20
CELLNEX TELECOM SA ES CLNX SM 8,180 $289,365.07
CELLNEX TELECOM SAU-UNSP ADR ES CLLNY 9,649 $170,015.38
CENOVUS ENERGY INC 6.75000 11/15/2039 CA 1,750,000 $1,932,281.68
CIM 2019-INV1 A1 4.00000 02/25/2049 US 21,650.73 $20,590.79
CITIGROUP INC 1.46200 06/09/2027 US 2,210,000 $2,030,476.51
CLARK CNTY NV 1.51000 11/01/2028 US 2,040,000 $1,757,773.32
CLEANAWAY WASTE MANAGEMENT AU CWY AU 136,027 $241,022.46
COCA COLA CO/THE US KO 78,972 $4,831,506.96
COLO 2021-2A A2 MTGE 2.40000 10/25/2051 US 1,060,000 $950,584.17
COLO 2023 - 1A A2 MTGE 5.11600 02/25/2053 US 1,350,000 $1,284,700.22
COLT 2024-INV1 A1 5.90300 12/25/2068 US 1,203,141.81 $1,197,640.62
CONSTELLATION BRANDS INC-A US STZ 9,107 $2,474,918.32
COPART INC US CPRT 53,813 $3,116,848.96
CROWN CASTLE INTL CORP US CCI 1,313 $138,954.79
CSMC 2013-IVR3 A1 2.50000 05/25/2043 US 193,734.05 $167,208.67
CSMC 2013-TH1 A1 2.13000 02/25/2043 US 109,821.66 $91,449.62
CSX CORP US CSX 64,424 $2,388,197.68
DEUTSCHE BOERSE AG DE DB1 GR 2,218 $454,224.11
DEUTSCHE BOERSE AG ADR DE DBOEY 114,853 $2,346,446.79
DIAGEO PLC GB DGE LN 3,344 $123,735.42
DIGITAL REALTY TRUST INC US DLR 1,012 $145,768.48
DIGITALBRIDGE GROUP INC US DBRG 6,934 $133,618.18
DOLLARAMA INC CA DOL CN 2,558 $194,869.16
ELECTRONIC ARTS US EA 29,879 $3,964,046.93
ENERGY TRANSFER LP 7.37500 02/01/2031 US 1,275,000 $1,336,447.45
ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 US 1,895,000 $2,013,834.24
EQUINIX INC US EQIX 1,467 $1,210,759.11
EQUITY COMMONWEALTH US EQC 6,362 $120,114.56
EQUITY LIFESTYLE PROPERTIES US ELS 4,275 $275,310.00
EQUITY RESIDENTIAL US EQR 2,658 $167,746.38
EVERGY INC US EVRG 45,265 $2,416,245.70
EXPERIAN PLC IE EXPN LN 5,694 $248,104.38
EXTRA SPACE STORAGE INC US EXR 1,915 $281,505.00
FEDERAL NATIONAL FS5443 MTGE 4.50000 06/01/2043 US 2,009,428.97 $1,942,850.32
FEDERAL NATL MTG ASSN 889576 6.00000 04/01/2038 US 115,891.66 $121,085.44
FEDERAL NATL MTG ASSN AD0119 6.00000 07/01/2038 US 56,230.63 $58,750.65
FEDERAL NATL MTG ASSN AD0220 6.00000 10/01/2038 US 25,189.44 $26,318.83
FEDERAL NATL MTG ASSN AD0462 5.50000 10/01/2024 US 126.31 $125.59
FEDERAL NATL MTG ASSN AE0951 4.50000 02/01/2041 US 159,535.27 $156,541.65
FEDERAL NATL MTG ASSN AH9054 4.50000 04/01/2041 US 62,248.34 $61,010.84
FEDERAL NATL MTG ASSN AL7767 4.50000 06/01/2044 US 488,862.92 $479,144.31
FEDERAL NATL MTG ASSN AL8674 FLT 5.64300 01/01/2049 US 778,957.94 $803,081.85
FEDERAL NATL MTG ASSN BC6764 3.50000 04/01/2046 US 135,647.66 $123,934.27
FEDERAL NATL MTG ASSN BD6987 4.00000 10/01/2046 US 375,561.34 $354,905.36
FEDERAL NATL MTG ASSN BW1194 4.00000 09/01/2052 US 3,079,042.26 $2,853,634.57
FEDERAL NATL MTG ASSN FN FS1179 3.50000 12/01/2049 US 1,795,032.56 $1,636,161.73
FEDERAL NATL MTG ASSN FN MA3412 3.50000 07/01/2038 US 100,055.63 $94,264.80
FEDERAL NATL MTG ASSN FN MA4687 4.00000 06/01/2042 US 1,903,505.05 $1,801,854.19
FEDERAL NATL MTG ASSN MA1834 4.50000 02/01/2034 US 166,391.23 $164,002.59
FEDERAL NATL MTG ASSN MA1903 4.50000 05/01/2034 US 142,657.61 $140,612.56
FEDERAL NATL MTG ASSN MA4600 3.50000 05/01/2052 US 2,051,476.56 $1,839,895.60
FEDERAL NATL MTG ASSN MA4644 4.00000 05/01/2052 US 1,986,611.95 $1,841,177.89
FEDERAL NATL MTG ASSN SD4235 6.00000 11/01/2053 US 1,934,882.1 $1,964,761.54
FEDERAL NATL MTG ASSN SD8044 3.00000 02/01/2050 US 1,902,074.67 $1,660,674.29
FEDERAL NATL MTG ASSN SD8276 5.00000 12/01/2052 US 3,239,708.87 $3,164,970.92
FEDERAL NATL MTG FN MA4203 2.50000 12/01/2040 US 1,999,276.35 $1,750,671.85
FHLM GOLD POOL FG G08786 4.50000 10/01/2047 US 351,332.98 $341,416.50
FHLM POOL G03332 6.00000 10/01/2037 US 17,546.55 $18,356.39
FHLM POOL G05900 6.00000 03/01/2040 US 38,469.47 $40,244.98
FHLM POOL G05906 6.00000 04/01/2040 US 33,858.51 $35,421.21
FHLM POOL G06995 6.00000 05/01/2040 US 111,994.52 $117,163.49
FHLM POOL G60034 4.50000 02/01/2045 US 866,409.18 $847,714.11
FHLM POOL SD8230 4.50000 06/01/2052 US 1,675,641.52 $1,600,044.77
FHR 5189 CP 2.50000 06/25/2049 US 1,451,435.75 $1,238,178.65
FINECOBANK SPA IT FBK IM 8,725 $130,672.57
FIRST INDUSTRIAL REALTY TR US FR 1,780 $93,521.20
FLAGSHIP COMMUNITIES REIT UT US MHC/U CN 8,366 $144,062.52
FLX 2021-1A A2 3.25000 11/27/2051 US 1,720,000 $1,558,841.31
FN DS2696 3.00000 12/01/2051 US 2,223,650.61 $1,938,593.03
FN FS4339 MTGE 3.00000 12/01/2050 US 2,509,663.61 $2,197,654.80
FN FS4925 MTGE 3.50000 04/01/2052 US 3,119,376.05 $2,827,437.61
FN MA4020 MTGE 3.00000 05/01/2050 US 3,263,685.3 $2,845,302.03
FN MA4733 4.50000 09/01/2052 US 2,195,544.82 $2,094,652.55
FN MA4807 MTGE 5.50000 11/01/2052 US 1,575,783 $1,570,848.29
FN MA4868 MTGE 5.00000 01/01/2053 US 2,893,744.97 $2,826,988.18
FN MA4934 MTGE 5.00000 02/01/2043 US 3,011,343.72 $2,986,845.08
FNR 2018-31 KP 3.50000 07/25/2047 US 17,763.78 $17,283.75
FR QG6308 MTG 6.00000 07/01/2053 US 2,426,023.08 $2,457,797.00
FR SD1360 MTGE 5.50000 07/01/2052 US 2,869,949.9 $2,863,364.23
GLOBANT SA LU GLOB 1,032 $208,360.80
GNR 2017-54 AH MTGE 2.60000 12/16/2056 US 135,965.37 $123,120.84
GOLDEN PEAR FUND HOLDCO 10.00000 03/02/2028 US 235,000 $197,816.93
GOODG 2020-1A MTGE 2.63000 04/15/2055 US 903,667.61 $743,391.59
GOODMAN GROUP AU GMG AU 5,937 $130,776.11
GSMBS 2021-INV1 A6 2.50000 12/25/2051 US 910,332.74 $785,806.49
GSMBS 2021-PJ6 A8 2.50000 11/25/2051 US 718,459.61 $632,574.74
GSMBS 2021-PJ9 A8 2.50000 02/26/2052 US 727,286.98 $626,799.72
GSMBS 2022-PJ1 A8 2.50000 05/28/2052 US 1,136,421.31 $975,859.56
HALMA PLC GB HLMA LN 12,669 $378,301.16
HAWAII ST 2.68200 10/01/2038 US 1,170,000 $906,935.84
HDFC BANK LTD-ADR IN HDB 63,528 $3,555,662.16
HEINEKEN NV NL HEIA NA 4,177 $402,694.71
HEINEKEN NV-SPN ADR NL HEINY 79,431 $3,838,900.23
HELIOS TOWERS PLC GB HTWS LN 85,665 $102,050.16
HOTWIRE FUNDING LLC 5.68700 05/20/2053 US 2,800,000 $2,741,792.76
HUMANA INC US HUM 4,344 $1,506,151.68
IMCD NV NL IMCD NA 2,234 $393,206.54
IMPRL 2021-NQM3 1.59500 11/25/2056 US 812,833.22 $674,726.81
INFRABUILD AUTRALIA PTY 14.50000 11/15/2028 AU 390,000 $404,449.38
INTERCONTINENTALEXCHANGE INC US ICE 17,121 $2,352,939.03
INTERMEDIATE CAPITAL GROUP GB ICP LN 9,967 $258,160.10
INTUITIVE SURGICAL INC US ISRG 4,013 $1,601,548.17
INVITATION HOMES INC US INVH 11,610 $413,432.10
ISHARES BROAD USD HIGH YIELD 2.43400 US 317,875 $11,631,046.25
ITALY GOV'T INT BOND 2.37500 10/17/2024 IT 240,000 $235,847.30
JAPAN (2 YEAR ISSUE) 0.10000 01/01/2026 JP 200,000,000 $1,319,553.64
JOHNSON & JOHNSON US JNJ 28,690 $4,538,471.10
JPMMT 2014-2 1A1 3.00000 06/25/2029 US 131,658.37 $126,184.69
JPMORGAN CHASE & CO 4.49300 03/24/2031 US 3,190,000 $3,085,279.25
KEYENCE CORP JP 6861 JP 600 $278,556.55
KEYWORDS STUDIOS PLC IE KWS LN 9,243 $151,892.00
L'OREAL FR OR FP 143 $67,720.75
L3HARRIS TECHNOLOGIES INC US LHX 22,096 $4,708,657.60
LEXINGTON REALTY TRUST US LXP 28,794 $259,721.88
LONZA GROUP AG -REG CH LONN SW 590 $352,583.14
LONZA GROUP AG ADR CH LZAGY 7,481 $448,186.71
MARRIOTT VACATIONS WORLD US VAC 1,136 $122,381.28
MASCO CORP US MAS 22,095 $1,742,853.60
MASSMUTUAL GLOBAL FUNDING 4.85000 01/17/2029 US 660,000 $656,680.38
MASTERCARD INC-CLASS A US MA 14,244 $6,859,483.08
MEDTRONIC INC IE MDT 21,216 $1,848,974.40
MERCADOLIBRE INC BR MELI 201 $303,903.96
MET LIFE GLOB FUNDING I 4.85000 01/08/2029 US 660,000 $655,238.11
META PLATFORMS INC US META 8,564 $4,158,507.12
MEX BONOS DESARR FIX RT 7.75000 05/29/2031 MX 1,000,000 $55,441.96
MICRON TECHNOLOGY INC US MU 45,265 $5,336,290.85
MICROSOFT CORP US MSFT 6,690 $2,814,616.80
MID-AMERICA APARTMENT COMM US MAA 732 $96,316.56
MONARCH CASINO & RESORT INC US MCRI 2,038 $152,829.62
MONDELEZ INTERNATIONAL INC US MDLZ 21,140 $1,479,800.00
MOODY'S CORPORATION US MCO 8,320 $3,270,009.60
NAVIENT CORP 6.75000 06/25/2025 US 395,000 $397,519.57
NESTLE S.A. - ADR CH NSRGY 33,660 $3,574,692.00
NESTLE SA-REGISTERED CH NESN SW 3,453 $366,881.11
NEW FORTRESS ENERGY INC 8.75000 03/15/2029 US 420,000 $418,557.64
NEW YORK LIFE GLOBAL FDG 4.70000 01/29/2029 US 660,000 $653,117.13
NEWCASTLE COAL INFRASTRU 4.40000 09/29/2027 AU 1,235,974.66 $1,169,476.82
NORTHROP GRUMMAN CORP US NOC 4,854 $2,323,415.64
NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 CA 380,000 $3.80
NOVARTIS AG- REG CH NVS 18,554 $1,794,728.42
NRG 7.467 07/31/28 CORP 7.46700 07/31/2028 US 1,200,000 $1,268,730.79
NRZT 2014-3A AFX3 3.75000 11/25/2054 US 196,135.69 $182,985.48
NRZT 2015-2A A1 3.75000 08/25/2055 US 228,081.96 $211,897.06
NRZT 2016-4A A1 3.75000 11/25/2056 US 457,537.28 $424,791.38
NYMT 2022-CP1 A1 2.04240 07/25/2061 US 892,455.55 $809,331.97
OASIS 2023-1A 7.00000 02/15/2035 US 577,133.31 $576,047.15
OBX 2022-INV1 A1 3.00000 12/25/2051 US 1,178,344.75 $988,576.72
OPEN INFRA IS ASSETS AB 11.00000 02/22/2027 US 400,000 $398,010.42
OXFIN 2020-1A A2 3.10100 02/15/2028 US 376,308.83 $365,541.02
OXFIN 2022-1A 3.60200 02/15/2030 US 1,649,299.74 $1,575,692.81
OXFIN 2023-1A A2 6.71600 02/15/2031 US 2,100,000 $2,116,368.24
OXFINF 2024-A A2 6.67500 01/14/2032 US 195,000 $193,810.62
PALOMINO FUNDING TRUST I 7.23300 05/17/2028 US 2,490,000 $2,611,560.48
PEAR 2021-1 A MTGE 2.60000 01/15/2034 US 933,938.21 $902,176.09
PEAR 2023-1A 7.42000 07/15/2035 US 1,038,172.61 $1,049,278.36
PELORUS FUND REIT 7.00000 09/30/2026 US 55,000 $53,931.63
PEPSICO INC 3.90000 07/18/2032 US 2,540,000 $2,407,028.36
PFMT 2021 -INV1 A1 2.50000 08/25/2051 US 1,474,686.08 $1,195,322.74
PFMT 2021-2 A2A 2.00000 04/25/2051 US 878,298.75 $735,710.74
PHILIP MORRIS INTERNATIONAL US PM 43,943 $4,026,057.66
PMTLT 2013-J1 a9 3.50000 09/25/2043 US 205,838.18 $186,734.88
PROLOGIS US PLD 8,456 $1,101,140.32
PUBLIC STORAGE INC US PSA 1,478 $428,708.68
QUALCOMM INC 4.25000 05/20/2032 US 2,760,000 $2,663,572.47
RCKT 2021-6 A1 2.50000 12/25/2051 US 1,910,336.57 $1,532,198.38
REALTY INCOME CORP US O 3,798 $205,471.80
REXFORD INDUSTRIAL REALITY IN US REXR 6,456 $324,736.80
S&P GLOBAL INC US SPGI 5,181 $2,204,256.45
SBA COMMUNICATIONS CORP US SBAC 2,021 $437,950.70
SBA TOWER TRUST 1.88400 01/15/2026 US 1,730,000 $1,615,196.16
SBA TOWER TRUST 6.59900 01/15/2028 US 1,785,000 $1,829,489.34
SCML 2019-SBC8 2.86000 04/25/2041 US 907,999.27 $843,145.42
SEMT 2013-2 1.87400 02/25/2043 US 101,302.18 $85,547.84
SEMT 2013-6 A2 3.00000 05/25/2043 US 267,972.01 $236,595.83
SEMT 2013-7 A2 3.00000 06/25/2043 US 112,286.65 $98,133.69
SEMT 2013-8 A1 3.00000 06/25/2043 US 134,454.56 $119,253.09
SERVICENOW INC US NOW 2,145 $1,635,348.00
SIMON PROPERTY 2.25000 01/15/2032 US 1,110,000 $908,566.80
SIMON PROPERTY GROUP LP 2.65000 02/01/2032 US 3,400,000 $2,867,655.78
SIRIUSPOINT LTD 7.00000 04/05/2029 BM 1,245,000 $1,243,082.70
SLMA 2008-3 A3 6.62250 10/25/2021 US 1,890,608.85 $1,876,477.44
SLMA 2008-4 A4 7.27250 07/25/2022 US 1,862,536.38 $1,881,642.32
SMB 2020-BA A1A 1.29000 07/15/2053 US 733,694.53 $669,202.49
SOFI 2018-B A2FX MTGE 3.34000 08/25/2047 US 118,425.6 $115,816.90
SONY CORP FIRST SECTION JP 6758 JP 3,500 $300,127.55
SORT 2020-1 A1 MTGE 1.69000 07/15/2060 US 921,938.3 $861,977.65
SORT 2020-1 A2 1.99000 07/15/2060 US 769,337.41 $661,576.32
SOUTH CAROLINA ST PUBLIC SVC 2.32900 12/01/2028 US 770,000 $681,660.49
SRPT 2014-STAR A FLTG RATE 8.50000 11/15/2027 US 1,376,287.47 $977,155.71
SUN COMMUNITIES US SUI 3,254 $418,399.32
TAIWAN SEMICONDUCTOR - SP ADR TW TSM 42,908 $5,837,633.40
TECHTRONIC INDUSTRIES CO LTD HK 669 HK 29,500 $400,842.03
TECHTRONIC INDUSTRIES-SP ADR HK TTNDY 24,848 $1,689,291.28
TENCENT HOLDINGS 3.97500 04/11/2029 KY 5,250,000 $4,990,280.35
TENCENT HOLDINGS LTD CN 700 HK 8,400 $327,179.53
TERRENO REALTY CORP US TRNO 4,286 $284,590.40
THERMO FISHER SCIENTIFIC INC US TMO 2,925 $1,700,039.25
TPMT 2016-5 A1 2.50000 10/25/2056 US 14,608.55 $14,547.14
TPMT 2017-1 A1 2.75000 10/25/2056 US 3,808.32 $3,792.22
TPMT 2019-HY1 A1 6.44389 10/25/2048 US 192,025.19 $194,837.76
TREASURY BOND 2.37500 02/15/2042 US 23,096,000 $17,206,520.00
TREASURY NOTE 2.25000 11/15/2027 US 13,387,000 $12,458,276.88
TSY INFL IX N/B 0.12500 01/15/2031 US 5,355,205.6 $4,772,290.24
TSY INFL IX N/B 2.37500 01/15/2027 US 5,635,691.6 $5,683,178.39
UDR INC US UDR 2,774 $103,775.34
UNION PAC CORP US UNP 7,589 $1,866,362.77
UNITED AIR 2018-1 B PTT 4.60000 03/01/2026 US 46,524.4 $44,576.27
UNITED AIR 2019-2 B PTT 3.50000 05/01/2028 US 309,288.94 $285,720.36
UNITEDHEALTH GROUP INC US UNH 3,151 $1,558,799.70
US CLAIMS LIT FNDG LLC 10.25000 03/17/2028 US 250,000 $212,917.35
US DOLLAR US 8,427,412.17 $8,427,412.17
US TEASURY NOTE 1.75000 11/15/2029 US 16,739,000 $14,747,320.63
US TREASURY N/B 0.87500 11/15/2030 US 9,911,000 $8,031,007.19
US TREASURY N/B 2.25000 11/15/2025 US 16,526,000 $15,877,870.94
US TREASURY N/B 3.62500 02/15/2053 US 5,273,000 $4,639,416.09
US TREASURY N/B 4.12500 11/15/2032 US 20,851,000 $20,730,455.16
VENTAS INC US VTR 3,200 $139,328.00
VERTEX PHARMACEUTICALS INC US VRTX 5,348 $2,235,517.48
VISA INC - CLASS A SHARES US V 17,002 $4,744,918.16
WARNERMEDIA HOLDINGS INC 4.05400 03/15/2029 US 1,960,000 $1,834,668.86
WELLTOWER INC. US WELL 4,222 $394,503.68
WIN 2015-1 A1 3.50000 01/20/2045 US 75,769.77 $68,544.84

Investments will change over time.

A Word About Risk

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

About The Fund Manager

Manning & Napier Advisors, LLC (Manning & Napier) provides investment advisory services to Exeter Trust Company, Trustee of the Manning & Napier Collective Investment Trust Funds. Manning & Napier is headquartered in Rochester, NY and has more than 50 years of experience managing investment objectives. The Firm’s active management approach focuses on participating in rising markets and, as important, helping to reduce the risk of large losses in sustained bear market periods. A team of investment analysts and professionals make all investment decisions in an effort to provide investors with strong risk-adjusted returns.

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