Investment Objective

To provide capital growth and manage risk for investors planning to retire in or around the year indicated in the fund’s name.

Investment Strategy

Currently: The portfolio is currently invested in a balanced mix of investments that seeks a more stable rate of long-term growth than that of the broad stock market. The portfolio is diversified among fixed income securities, primarily with intermediate to long-term maturities, and various stocks. Stock exposure can range from 25% - 65%.

Over Time: The portfolio’s investment mix will gradually become more conservative as the target date approaches and for several years after the target date. During the target year, the portfolio’s stock exposure can range from 20% - 60%. At five years after the target date and beyond, the focus will be on capital preservation, and stock exposure can range from 15% - 45%.

May be Appropriate for Investors

  • Who plan to stop contributions and start periodic withdrawals around the year 2025
  • Who have a moderate tolerance for risk and can accept fluctuations in current account value
  • Who prefer to take advantage of professional management through a single, diversified investment portfolio that becomes more conservative over time

About Target Date Funds

A target date fund is a single investment portfolio designed to meet an investor’s changing needs over time. The fund gradually shifts from a more aggressive to a more conservative investment objective over the years to reflect an appropriate risk/return trade-off for the investor’s changing time horizon.

Target Series Glide Path Overview

Learn more about our Glide Range SM

Daily Price

$13.72

Daily $ Change

$0.05

Daily % Change

0.36%

as of 09/22/2020

CUSIP

56382R852

Inception Date

05/14/2015

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

Important Documents

Annual Report
Applications & Forms

Each Retirement Target CIT Fund seeks to achieve its investment objectives by investing in a combination of other Manning & Napier CIT Funds (the “underlying CIT Funds”) in order to meet its target asset allocations and investment style. The financial statements of the underlying Pro-Mix® CIT Funds should be read in conjunction with the Retirement Target CIT Funds’ financial statements.
Pro-Mix® CIT Fund Annual Report

Performance

As of 08/31/2020

YTD

10.56%

1 Year

14.47%

3 Year

8.83%

5 Year

8.21%

10 Year

8.60%

Inception
(01/01/2000)

7.30%

US Stock Market Cycle (04/01/2000 - 08/31/2020)

7.44%

Performance through the inception date of the Retirement Target CIT Class U1 units is based on the historical performance of the CIT’s oldest unit class. Performance through the inception date of the oldest unit class (08/03/2012) is not the past performance of the Retirement Target CIT Fund and is based on historical performance data of the Manning & Napier Pro-Mix® CIT Fund(s) that would have been held according to the Retirement Target CIT Fund’s glide path. Returns are net of the Class U1 expenses. The Retirement Target CIT Fund will gradually become more conservative over time. 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 0.50%
Net 0.49%*

*Includes acquired fund fees and expenses of the underlying collective investment trusts and reflects the Trustee’s contractual agreement to limit its fees and voluntary agreement to reimburse certain expenses.

Top Ten Investments

As of 08/31/2020

GOVERNMENT AGENCY 8.34%
TREASURY NOTES 5.00%
TSY INFL IX N/B 2.00000 01/15/2026 2.14%
MASTERCARD INC-CLASS A 1.81%
VISA INC - CLASS A SHARES 1.72%
TREASURY BONDS 1.49%
EXPEDIA INC 1.49%
TSY INFL IX N/B 0.12500 04/15/2025 1.42%
UNILEVER PLC - ADR 1.40%
JOHNSON & JOHNSON 1.35%

This investment list is unaudited and excludes cash.

Asset Allocation

As of 08/31/2020

Bonds 48.45%
Stocks 46.99%
Cash 4.56%

Detailed Asset Class Allocation

As of 08/31/2020

International Equities 13.62%
Small Capitalization 1.90%
Mid Capitalization 6.44%
Large Capitalization 25.03%
Long Term Fixed Income 16.88%
Intermediate Term Fixed Income 27.10%
Short Term Fixed Income 4.47%
Cash 4.56%

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

August Fund Holdings

As of 08/31/2020

CUSIP Security Description Country Ticker Shares/Par Market Value (USD)
00206RDQ2 AT&T INC 4.25000 03/01/2027 US 127,380.51 $149,327.60
00287Y109 ABBVIE INC US ABBV 193.37 $18,518.67
00507V109 ACTIVISION INC US ATVI 6,054.24 $505,650.40
00653VAA9 ADAPTHEALTH LLC 6.12500 08/01/2028 US 20,777.14 $21,764.06
00774MAG0 AERCAP IRELAND CAP / GLOBA 4.45000 10/01/2025 IE 390,513.17 $391,391.00
00791GAA5 AG MERGER SUB II INC 10.75000 08/01/2027 US 19,178.9 $19,562.48
008492100 AGREE REALTY CORP US ADC 226.74 $15,173.74
00912XAV6 AIR LEASE CORP 3.62500 04/01/2027 US 191,691.74 $192,093.22
00914AAB8 AIR LEASE CORP 3.75000 06/01/2026 US 99,263.67 $101,501.38
01166WAA5 ALASKA AIR 2020-1 CL B 8.00000 08/15/2025 US 21,576.26 $22,399.80
013822AC5 ALCOA NEDERLAND HOLDING 6.12500 05/15/2028 NL 16,781.54 $18,124.06
015271109 ALEXANDRIA REAL EST EQUITIES US ARE 53.61 $9,026.44
01609W102 ALIBABA GROUP - ADR CN BABA 2,013.52 $577,940.11
01609WAT9 ALIBABA GROUP HOLDING 3.40000 12/06/2027 KY 454,018.68 $514,236.67
020002101 ALLSTATE CORPORATION US ALL 57.53 $5,349.92
02079K305 ALPHABET INC-CL A US GOOGL 314.2 $512,001.79
023135106 AMAZON.COM INC US AMZN 225.06 $776,670.10
02319V103 AMBEV SA-ADR BR ABEV 5,526.31 $12,434.20
0237400 DIAGEO PLC GB DGE LN 6,383.15 $213,269.11
02406PBA7 AMERICAN AXLE & MFG INC 6.87500 07/01/2028 US 11,986.81 $12,483.79
024835100 AMERICAN CAMPUS COMMUNITIES US ACC 485.72 $16,465.94
02665T306 AMERICAN HOMES 4 RENT- A US AMH 988.69 $28,316.06
03027X100 AMERICAN TOWER REIT INC US AMT 1,272.36 $317,007.45
03027XAW0 AMERICAN TOWER CORP 3.80000 08/15/2029 US 325,931.99 $377,026.42
03064D108 AMERICOLD REALTY TRUST US COLD 624.23 $23,939.11
03217CAA4 AMS AG 7.00000 07/31/2025 AT 31,964.84 $33,243.43
032654105 ANALOG DEVICES INC US ADI 49.41 $5,775.14
03690AAD8 ANTERO MIDSTREAM PART / FI 5.75000 03/01/2027 US 20,777.14 $18,543.60
03690AAF3 ANTERO MIDSTREAM PART/FI 5.75000 01/15/2028 US 13,585.06 $12,124.66
03748R754 APARTMENT INVT & MGMT CO -A US AIV 397.08 $14,306.89
03784Y200 APPLE HOSPITALITY REIT INC US APLE 1,402.62 $14,264.64
039483102 ARCHER-DANIELS-MIDLAND CO US ADM 113.25 $5,069.24
053015103 AUTOMATIC DATA PROCESSING US ADP 48.41 $6,733.58
053484101 AVALONBAY COMMUNITIES INC US AVB 120.13 $18,987.66
05401AAJ0 AVOLON HOLDINGS FNDG LTD 3.25000 02/15/2027 KY 172,533.58 $148,340.73
055622104 BP PLC-SPONS ADR GB BP 405.78 $8,492.99
05604LAA0 BWAY 2015-1740 A 2.91700 01/10/2035 US 478,379.13 $486,674.13
05722G100 BAKER HUGHES CO US BKR 259.63 $3,707.55
060505104 BANK OF AMERICA CORP US BAC 830.03 $21,365.01
06051GFM6 BANK OF AMERICA CORP 4.00000 01/22/2025 US 196,463.47 $220,170.41
071734AH0 BAUSCH HEALTH COS INC 5.00000 01/30/2028 CA 15,384.44 $15,192.14
084423102 WR BERKLEY CORP US WRB 5,384.6 $334,114.55
084670702 BERKSHIRE HATHAWAY INC-CL B US BRK/B 2,478.23 $540,352.41
086516101 BEST BUY INC US BBY 61.88 $6,863.52
09061G101 BIOMARIN PHARMACEUTICAL INC US BMRN 2,120.4 $165,454.84
0946580 WEIR GROUP PLC/THE GB WEIR LN 1,470.19 $25,086.35
09857L108 BOOKING HOLDINGS INC US BKNG 135.92 $259,661.03
105368203 BRANDYWINE REALTY TRUST US BDN 901.3 $10,031.49
110122108 BRISTOL MYERS SQUIBB CO US BMY 269.2 $16,744.32
11680JAA0 BRUIN E&P PARTNERS LLC 8.87500 08/01/2023 US 60,934.34 $119.43
12503M108 CBOE GLOBAL MARKETS INC US CBOE 1,483.77 $136,195.33
12530MAA3 SORT 2020-1 A1 MTGE 1.69000 07/15/2060 US 152,756.7 $154,999.55
12530MAB1 SORT 2020-1 A2 1.99000 07/15/2060 US 130,278.13 $132,615.64
12541W209 C.H. ROBINSON WORLDWIDE INC US CHRW 39.94 $3,925.77
12555DAA3 CIM 2019-INV1 A1 4.00000 02/25/2049 US 43,418.62 $44,978.68
12572Q105 CME GROUP INC US CME 783.96 $137,875.35
12591QAR3 COMM 2014-UBS4 A5 3.69400 08/10/2047 US 430,541.22 $466,836.92
12593GAF9 COMM 2015-PC1 A5 3.90200 07/10/2050 US 227,230.09 $252,510.87
12629NAF2 COMM 2015-DC1 A5 FLT 3.35000 02/10/2048 US 239,189.57 $257,991.06
12646XAH5 CSMC 2013-IVR3 A1 2.50000 05/25/2043 US 93,374.84 $95,294.33
12654TAA8 CNX MIDSTREAM PTR/CNX 6.50000 03/15/2026 US 13,585.06 $13,605.16
127097103 CABOT OIL & GAS CORP US COG 42,911.13 $814,024.04
131477AT8 CALUMET SPECIALTY PROD 11.00000 04/15/2025 US 12,785.93 $12,146.64
133131102 CAMDEN PROPERTY TRUST US CPT 231.7 $21,070.90
133131AZ5 CAMDEN PROPERTY TRUST 2.80000 05/15/2030 US 247,561.2 $271,577.06
13321L108 CAMECO CORP CA CCJ 28,901.31 $334,388.14
149123101 CATERPILLAR INC US CAT 83.27 $11,850.27
14980AAA0 CAZENOVIA CREEK FUNDING LLC 3.56070 07/15/2030 US 65,977.88 $65,420.77
15135UAS8 CENOVUS ENERGY INC 5.37500 07/15/2025 CA 3,196.48 $3,253.60
16119P108 CHARTER COMMUNICATIONS INC-A US CHTR 893.28 $549,910.44
165183BB9 CFII 2017-4A A1 2.12000 11/15/2029 US 72,254.9 $72,678.66
166764100 CHEVRON CORP US CVX 1,170.89 $98,273.20
172062101 CINCINNATI FINANCIAL CORP US CINF 31.46 $2,498.36
17275R102 CISCO SYSTEMS INC US CSCO 471.68 $19,914.45
172967424 CITIGROUP INC US C 250.13 $12,786.81
172967KA8 CITIGROUP INCA 4.45000 09/29/2027 US 340,609.12 $395,969.93
191216100 COCA COLA CO/THE US KO 14,509.6 $718,660.68
194162103 COLGATE-PALMOLIVE CO US CL 136.52 $10,820.54
20030N101 COMCAST CORP-CL A US CMCSA 359.35 $16,102.42
20030NCY5 COMCAST CORP 3.25000 11/01/2039 US 311,036.18 $345,243.56
20369C106 COMMUNITY HEALTHCARE TRUST I US CHCT 320.06 $14,947.01
20449X401 COMPASS GROUP PLC ADR GB CMPGY 17,846.78 $286,440.78
205887102 CONAGRA BRAND INC. US CAG 120.77 $4,632.69
20605P101 CONCHO RESOURCES INC US CXO 6,361.7 $330,681.19
20825C104 CONOCOPHILLIPS US COP 4,675.87 $177,168.68
21036P108 CONSTELLATION BRANDS INC-A US STZ 27.98 $5,162.39
217204106 COPART INC US CPRT 2,510.44 $259,378.91
222795502 COUSINS PROPERTIES INC US CUZ 768.74 $22,946.93
22534GAA1 CAALT 2020-1A 2.01000 02/15/2029 US 37,413.34 $38,320.01
22822V101 CROWN CASTLE INTL CORP US CCI 170.46 $27,827.42
22822VAN1 CROWN CASTLE INTL CORP 3.10000 11/15/2029 US 219,621.57 $241,393.61
22944PAA5 CSMC 2013-TH1 A1 2.13000 02/25/2043 US 58,670.74 $60,145.67
229663109 CUBESMART US CUBE 320.62 $10,138.08
231021106 CUMMINS INC US CMI 34.74 $7,199.78
253868103 DIGITAL REALTY TRUST INC US DLR 272.96 $42,485.86
254687FW1 WALT DISNEY COMPANY/THE 2.20000 01/13/2028 US 132,773.21 $140,497.64
25470DAT6 DISCOVERY COMMUNICATIONS 5.20000 09/20/2047 US 343,838.4 $412,401.58
256746108 DOLLAR TREE STORES INC US DLTR 2,471.28 $237,910.13
25746UDG1 DOMINION ENERGY 3.37500 04/01/2030 US 202,247.53 $230,222.96
25787GAC4 DONNELLEY FINANCIAL SOL 8.25000 10/15/2024 US 22,973.36 $23,892.29
25960P109 DOUGLAS EMMETT INC US DEI 500.78 $13,981.85
260003108 DOVER CORP US DOV 27.66 $3,038.59
26439XAC7 DCP MIDSTREAM OPERATING 8.12500 08/16/2030 US 15,982.42 $18,979.12
264411505 DUKE RLTY INVTS INC US DRE 516.49 $19,910.70
26875P101 EOG RESOURCES INC US EOG 4,889.83 $221,704.74
26884L109 EQT CORP US EQT 16,057.26 $254,828.78
26884LAG4 EQT CORP 8.75000 02/01/2030 US 11,986.81 $14,354.21
2715777 QUEBECOR INC -CL B CA QBR/B CN 1,483.92 $36,792.19
277276101 EASTGROUP PROPERTIES US EGP 43.61 $5,807.59
285512109 ELECTRONIC ARTS US EA 2,673.93 $372,933.15
2866857 LUNDIN MINING CORP CA LUN CN 3,155.85 $19,767.17
291011104 EMERSON ELEC CO US EMR 120.49 $8,370.39
29273RAR0 ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 US 352,992.76 $380,416.57
29444U700 EQUINIX INC US EQIX 683.03 $539,445.01
29472R108 EQUITY LIFESTYLE PROPERTIES US ELS 344.77 $22,854.66
29476L107 EQUITY RESIDENTIAL US EQR 219.07 $12,366.42
297178105 ESSEX PROPERTY TRUST INC US ESS 26.02 $5,634.51
30212P303 EXPEDIA INC US EXPE 9,447.59 $927,281.23
30212PAS4 EXPEDIA GROUP INC 6.25000 05/01/2025 US 153,354.68 $168,510.07
302154BV0 EXPORT-IMPORT BANK KOREA 2.62500 12/30/2020 KR 682,811.01 $687,221.20
30225T102 EXTRA SPACE STORAGE INC US EXR 65.4 $6,968.47
30231G102 EXXON MOBIL CORP US XOM 4,512.92 $180,245.83
302491303 FMC CORP US FMC 2,446.28 $261,409.81
30264DAA7 FS ENERGY & POWER FUND 7.50000 08/15/2023 US 10,388.57 $9,349.71
30286XAN9 FREMF 2015-K43 B FLT 3.86095 02/25/2048 US 359,549.74 $391,215.86
30291HAA5 FREMF 2013-K28 X2A 0.10000 06/25/2046 US 17,595,513.16 $33,107.72
30291XAE2 FREMF 2014-K715 B FLT 4.11951 02/25/2046 US 70,401.45 $70,851.36
30303M102 FACEBOOK INC -A US FB 1,736.13 $509,033.39
311900104 FASTENAL CO US FAST 134.12 $6,553.16
3128M5A91 FHLM POOL G03332 6.00000 10/01/2037 US 4,182.9 $4,919.28
3128M5DD9 FHLM POOL G03400 5.50000 03/01/2037 US 8,284.28 $9,639.89
3128M5NM8 FHLM POOL G03696 5.50000 01/01/2038 US 9,060.02 $10,524.97
3128M6B98 FHLM POOL G04264 5.50000 04/01/2038 US 31,463.84 $36,486.34
3128M6NC8 FHLM POOL G04587 5.50000 08/01/2038 US 4,993.54 $5,779.21
3128M73H7 FHLM POOL G05900 6.00000 03/01/2040 US 8,323.64 $9,794.71
3128M73P9 FHLM POOL G05906 6.00000 04/01/2040 US 13,587.13 $16,010.53
3128M7KW5 FHLM POOL G05409 5.50000 03/01/2039 US 21,782.55 $25,275.23
3128M8AW4 FHLM POOL G06021 5.50000 01/01/2040 US 8,584.98 $9,949.35
3128M9C83 FHLM POOL G06995 6.00000 05/01/2040 US 26,245.96 $30,799.06
3128MB4Q7 FHLM POOL G13331 5.50000 10/01/2023 US 657.08 $682.90
3128MBDP9 FHLM POOL G12610 6.00000 03/01/2022 US 981.3 $1,000.75
3128MBE45 FHLM POOL G12655 6.00000 05/01/2022 US 684.36 $700.42
3128MBRH2 FHLM POOL G12988 6.00000 01/01/2023 US 697.04 $721.49
3128MBUB1 FHLM POOL G13078 6.00000 03/01/2023 US 1,081.92 $1,117.94
3128MJ2U3 FHLM GOLD POOL FG G08786 4.50000 10/01/2047 US 185,515.75 $201,241.44
3128MJJT8 FHLM POOL G08273 5.50000 06/01/2038 US 29,242.87 $33,845.38
3128P76R9 FHLM POOL C91780 4.50000 07/01/2034 US 26,850.73 $29,587.14
3132LMMM5 FHLM POOL K91364 4.50000 11/01/2033 US 13,351.34 $14,446.22
3132LNE83 FHLM POOL K92059 4.50000 09/01/2034 US 18,245.94 $19,871.10
31335ABB3 FHLM POOL G60034 4.50000 02/01/2045 US 253,329.68 $283,236.79
31335AFY9 FHLM POOL G60183 4.00000 12/01/2044 US 46,151.43 $49,680.27
3133A6DB4 FEDERAL NATL MTG ASSN FR QB0098 2.50000 06/01/2050 US 405,429.41 $426,583.85
3135G0Q22 FANNIE MAE 1.87500 09/24/2026 US 1,049,832.59 $1,133,041.77
3136AY6W8 FNA 2017-M15 A1 FLT 3.05797 09/25/2027 US 217,432.5 $236,314.84
3136B1YD0 FNR 2018-31 KP 3.50000 07/25/2047 US 80,591.98 $83,721.78
31371NCJ2 FEDERAL NATL MTG ASSN 256673 5.50000 04/01/2037 US 41,738.71 $48,363.90
3137ADTK3 FHMS K014 X1 FLT 1.32366 04/25/2021 US 897,021.81 $3,686.94
3137AJMG6 FMHS K016 X1 FLT 1.63779 10/25/2021 US 595,888.6 $7,596.45
3137AME78 FHMS K017 X1 FLT 1.43314 12/25/2021 US 1,019,420.46 $11,265.62
3137AUPF0 FHMS K021 x1 FLT 1.54441 06/25/2022 US 2,232,843.21 $43,474.13
3137B3NB0 FHMS K030 X1 FLT 0.28647 04/25/2023 US 7,042,476.03 $28,995.99
3137B4GZ3 FHMS K032 X1 FLT 0.20559 05/25/2023 US 4,535,937.85 $12,805.41
3137F4YU0 FHR 4791 BA MTGE 4.00000 03/15/2044 US 83,552.58 $85,295.97
3137FG2L8 FHR 4801 BA MTGE 4.50000 05/15/2044 US 50,101.18 $50,780.68
3138ABBY4 FEDERAL NATL MTG ASSN AH9054 4.50000 04/01/2041 US 24,038.37 $26,736.73
3138ASSD5 FEDERAL NATL MTG ASSN AJ1415 4.50000 09/01/2041 US 13,298.99 $14,838.49
3138EQTZ5 FEDERAL NATL MTG ASSN AL7767 4.50000 06/01/2044 US 151,650.69 $169,099.97
3138ETT89 FEDERAL NATL MTG ASSN AL8674 FLT 5.64300 01/01/2049 US 296,080.07 $349,796.84
31403DDX4 FEDERAL NATL MTG ASSN 745418 5.50000 04/01/2036 US 63,544.33 $74,340.99
31407EJW4 FEDERAL NATL MTG ASSN 828377 5.50000 06/01/2035 US 9,158.41 $10,738.94
3140E2GZ8 FEDERAL NATL MTG ASSN AZ9215 4.00000 10/01/2045 US 48,994.45 $54,111.63
3140F2QS2 FEDERAL NATL MTG ASSN BC6764 3.50000 04/01/2046 US 55,320.14 $59,142.16
3140F9M51 FEDERAL NATL MTG ASSN BD2179 4.00000 07/01/2046 US 148,577.55 $161,369.58
3140FEXR0 FEDERAL NATL MTG ASSN BD6987 4.00000 10/01/2046 US 139,714.33 $150,067.03
31410FSE6 FEDERAL NATL MTG ASSN 888017 6.00000 11/01/2021 US 531.51 $539.14
31410FV51 FEDERAL NATL MTG ASSN 888136 6.00000 12/01/2021 US 682.25 $693.72
31410GCD3 FEDERAL NATL MTG ASSN 888468 5.50000 09/01/2021 US 2,772.01 $2,793.91
31410GN33 FEDERAL NATL MTG ASSN 888810 5.50000 11/01/2022 US 3,058.44 $3,086.56
31410KGB4 FEDERAL NATL MTG ASSN 889494 5.50000 01/01/2037 US 16,773.97 $19,744.90
31410KJV7 FEDERAL NATL MTG ASSN 889576 6.00000 04/01/2038 US 28,581.1 $33,587.53
31410KLD4 FEDERAL NATL MTG ASSN 889624 5.50000 05/01/2038 US 27,079.62 $31,339.33
31411JXP6 FEDERAL NATL MTG ASSN 909786 5.50000 03/01/2037 US 12,599.38 $14,585.78
31416BSW9 FEDERAL NATL MTG ASSN 995233 5.50000 10/01/2021 US 23.29 $23.40
31416BVW5 FEDERAL NATL MTG ASSN 995329 5.50000 12/01/2021 US 1,687.47 $1,701.65
31418BBC9 FEDERAL NATL MTG ASSN MA1834 4.50000 02/01/2034 US 45,730.14 $50,377.67
31418BDH6 FEDERAL NATL MTG ASSN MA1903 4.50000 05/01/2034 US 74,683.04 $82,274.46
31418CYJ7 FEDERAL NATL MTG ASSN FN MA3412 3.50000 07/01/2038 US 58,309.14 $61,565.71
31418DNN8 FEDERAL NATL MTG ASSN FN MA3996 2.50000 04/01/2050 US 162,667.58 $168,516.34
31418DQ21 FEDERAL NATL MTG ASSN FN MA4072 2.50000 07/01/2040 US 215,271.25 $226,624.56
31418DQG0 FEDERAL NATL MTG ASSN FN MA4054 2.50000 06/01/2040 US 544,956.63 $573,696.78
31418DQZ8 FEDERAL NATL MTG ASSN FN MA4071 2.00000 07/01/2040 US 307,707.49 $317,698.48
31418MDZ2 FEDERAL NATL MTG ASSN AD0119 6.00000 07/01/2038 US 13,314.91 $15,694.88
31418MG63 FEDERAL NATL MTG ASSN AD0220 6.00000 10/01/2038 US 7,094.49 $8,382.71
31418MJC7 FEDERAL NATL MTG ASSN AD0258 5.50000 03/01/2039 US 15,750.77 $18,254.09
31418MKV3 FEDERAL NATL MTG ASSN AD0307 5.50000 01/01/2039 US 26,985.86 $31,311.02
31418MQQ8 FEDERAL NATL MTG ASSN AD0462 5.50000 10/01/2024 US 1,282.02 $1,352.00
31419BBV6 FEDERAL NATL MTG ASSN AE0951 4.50000 02/01/2041 US 44,778.47 $50,052.64
315786AC7 FIDELITY & GUARA NTY LIFE 5.50000 05/01/2025 US 23,772.48 $26,209.16
316067107 FIDELITY CASH RESERVES US 15,034 $15,034.00
316773100 FIFTH THIRD BANCORP US FITB 165.94 $3,428.37
32054K103 FIRST INDUSTRIAL REALTY TR US FR 412.35 $17,586.90
33834YAA6 FIVE POINT OP CO LP/FIVE 7.87500 11/15/2025 US 18,379.78 $18,471.68
34461LAA2 FONTAINEBLEAU MIAMI BEACH TRUST 3.14400 12/10/2036 US 187,320.05 $191,874.17
345370CX6 FORD MOTOR COMPANY 9.62500 04/22/2030 US 22,174.24 $29,065.44
345397XU2 FORD MOTOR CREDIT CO LLC 4.38900 01/08/2026 US 12,584.79 $12,802.76
346232AE1 FORESTAR GROUP INC 5.00000 03/01/2028 US 11,986.81 $12,111.24
34960PAB7 FORTRESS TRANS & INFRAST 6.50000 10/01/2025 US 13,585.06 $13,177.50
34960PAC5 FORTRESS TRANS & INFRAST 9.75000 08/01/2027 US 11,986.81 $12,781.18
35166FAA0 FOXTROT ESCROW ISSUER 12.25000 11/15/2026 US 14,384.18 $15,701.34
357081AE8 FREMF 2015-K720 B FLT 3.50986 07/25/2022 US 159,052.4 $164,166.12
36166LAA5 GEMS MENASA KY LTD/GEMS 7.12500 07/31/2026 AE 11,986.81 $11,567.28
36223NTR5 GNMA POOL 312960 9.00000 09/15/2021 US 3.17 $3.18
36237HAA9 G-III APPAREL GROUP LTD 7.87500 08/15/2025 US 19,178.9 $19,059.03
36257MAA3 GSMS 2019-70P A 1.16188 10/15/2036 US 156,806.98 $150,915.53
369550108 GENERAL DYNAMICS CORP US GD 47.53 $7,098.91
369604BQ5 GENERAL ELECTRIC CO 5.00000 01/21/2021 US 281,159.35 $220,580.76
370334104 GENERAL MLS INC US GIS 120.61 $7,712.94
372460105 GENUINE PARTS CO US GPC 40.94 $3,865.97
37255LAA5 GENWORTH MORTGAGE HLDING 6.50000 08/15/2025 US 19,178.9 $20,212.26
374297109 GETTY REALTY CORP US GTY 408.08 $11,952.57
375558103 GILEAD SCIENCES INC US GILD 179.21 $11,962.57
37953TAB1 GLOBAL SHIP LEASE INC 9.87500 11/15/2022 MH 31,964.84 $31,285.58
38217TAA3 GOODG 2020-1A MTGE 2.63000 04/15/2055 US 197,320.15 $198,711.54
38379RRX3 GNR 2017-54 AH MTGE 2.60000 12/16/2056 US 176,733.17 $185,300.87
384802104 WW GRAINGER INC US GWW 9.67 $3,535.27
388689101 GRAPHIC PACKAGING HOLDING CO US GPK 36,314.76 $507,680.36
400506101 GRUPO AEROPORTUARIO PAC-ADR MX PAC 144.91 $11,227.87
40051E202 GRUPO AEROPORTUARIO DEL SURESTE MX ASR 115.13 $13,063.05
4012250 AIRBUS SE FR AIR FP 81.63 $6,712.63
4031976 ADIDAS AG DE ADS GR 928.45 $282,522.46
404119BX6 HCA INC 4.12500 06/15/2029 US 246,041.77 $283,481.94
416515104 HARTFORD FINL SVCS US HIG 87.79 $3,551.08
418751AD5 HAT HOLDINGS I LLC/HAT 3.75000 09/15/2030 US 12,987.08 $13,052.02
421946104 HEALTHCARE REALTY TRUST INC US HR 221.59 $6,392.77
42225P501 HEALTHCARE TRUST OF AMERICA US HTA 392.13 $10,348.20
42250P103 HEALTHPEAK PROPERTIES INC US PEAK 961.06 $26,563.74
427866108 HERSHEY CO/THE US HSY 42.14 $6,262.95
431571AB4 HILLENBRAND INC 4.50000 09/15/2026 US 18,379.78 $19,712.31
43300A203 HILTON WORLDWIDE HOLDINGS INC US HLT 3,371.97 $304,691.12
437076102 HOME DEPOT INC US HD 109.78 $31,290.44
438516106 HONEYWELL INTERNATIONAL INC US HON 91.43 $15,135.61
440452100 HORMEL FOODS CORP US HRL 86.03 $4,385.77
443201AA6 HOWMET AEROSPACE INC 6.87500 05/01/2025 US 19,178.9 $21,800.15
444454AD4 HUGHES SATELLITE SYSTEMS 5.25000 08/01/2026 US 11,986.81 $13,095.59
450913AE8 IAMGOLD CORP 7.00000 04/15/2025 CA 23,772.48 $24,961.10
452308109 ILLINOIS TOOL WKS INC US ITW 53.37 $10,542.92
45337C102 INCYTE CORP US INCY 1,631.75 $157,218.95
45569LAA9 INDIGO NATURAL RES LLC 6.87500 02/15/2026 US 12,785.93 $13,073.62
45682RAA8 INFRABUILD AUSTRALIA PTY 12.00000 10/01/2024 AU 19,178.9 $18,219.96
45778Q107 INSPERITY INC US NSP 4,157.83 $280,113.21
458140100 INTEL CORP US INTC 420.67 $21,433.21
45857P806 INTERCONTINENTAL HOTELS-ADR GB IHG 2,223.42 $128,869.50
45866F104 INTERCONTINENTALEXCHANGE INC US ICE 5,343.81 $567,673.35
459200101 INTERNATIONAL BUSINESS MACH CORP US IBM 119.01 $14,675.07
459506101 INTERNATIONAL FLVRS & FRAGRANCES US IFF 20.23 $2,504.04
46116VAE5 INTL FC STORE INC 8.62500 06/15/2025 US 30,366.59 $32,871.84
46187BAA1 IHSFR 2017-SFR2 A 1.01188 12/17/2036 US 74,407.93 $73,857.60
46187BAB9 IHSFR 2017-SFR2 B 1.31188 12/17/2036 US 61,526.84 $61,422.17
46187W107 INVITATION HOMES INC US INVH 1,281.42 $36,687.07
46284VAN1 IRON MOUNTAIN INC 4.50000 02/15/2031 US 12,785.93 $13,123.10
465410BX5 ITALY GOV'T INT BOND 2.37500 10/17/2024 IT 79,912.09 $82,646.33
46625H100 JP MORGAN CHASE & CO US JPM 266.44 $26,694.91
46639GAL0 JPMMT 2013-1 1A2 3.00000 03/25/2043 US 45,973.29 $46,788.58
46640BAC8 JPMMT 2013-2 A2 3.50000 05/25/2043 US 51,924.21 $54,284.05
46641YAA1 JPMMT 2014-2 1A1 3.00000 06/25/2029 US 84,322.93 $85,292.06
46647PBP0 JPMORGAN CHASE & CO 2.95600 05/13/2031 US 352,992.76 $379,669.66
46647SAJ9 JPMMT 2017-3 1A5 3.50000 08/25/2047 US 54,056.72 $54,263.64
478160104 JOHNSON & JOHNSON US JNJ 5,464.81 $838,356.90
47987LAA9 JONAH NRG LLC/FINANCE 7.25000 10/15/2025 US 14,384.18 $2,013.78
48088LAB3 JOSEPH T RYERSON & SON 8.50000 08/01/2028 US 11,187.69 $12,222.55
482480100 KLA-TENCOR CORPORATION US KLAC 33.18 $6,806.64
487526AB1 KEHE DISTRIBUTORS LLC/FI 8.62500 10/15/2026 US 19,178.9 $20,857.06
49427F108 KILROY REALTY CORP US KRC 342.08 $20,018.28
494368103 KIMBERLY CLARK CORP US KMB 60.28 $9,510.46
494550AW6 KINDER MORGAN ENER PART 6.95000 01/15/2038 US 262,817.84 $349,618.25
501044101 KROGER CO US KR 170.18 $6,072.04
505742AG1 LADDER CAP FIN LLLP/CORP 5.25000 10/01/2025 US 18,379.78 $17,460.79
5107401 BEIERSDORF AG DE BEI GR 273.64 $31,629.57
512816109 LAMAR ADVERTISING CO-A US LAMR 144.48 $10,002.30
53223X107 LIFE STORAGE INC US LSI 162.63 $17,146.17
532457108 ELI LILLY & CO US LLY 85.71 $12,718.43
539473AE8 LLOYDS BANK PLC 12.00000 12/16/2024 GB 15,982.42 $18,676.22
539830109 LOCKHEED MARTIN CORP US LMT 37.34 $14,571.56
541056AA5 LOGAN MERGER SUB INC 5.50000 09/01/2027 US 10,388.57 $10,593.12
54238XAC2 LONESTAR RESOURCES AMERICA 11.25000 01/01/2023 US 21,375.12 $3,420.02
550021109 LULULEMON - ADR CA LULU 745.9 $280,212.40
552697AQ7 MDC PARTNERS INC 6.50000 05/01/2024 CA 12,785.93 $12,210.57
552848AG8 MGIC INVESTMENT CORP 5.25000 08/15/2028 US 19,178.9 $20,137.85
56585A102 MARATHON PETROLEUM CORP US MPC 154.83 $5,490.15
573284106 MARTIN MARIETTA MATERIALS US MLM 600.46 $121,814.69
57636Q104 MASTERCARD INC-CLASS A US MA 3,150.44 $1,128,454.90
577128AA9 MATTHEWS INTERNATIONAL C 5.25000 12/01/2025 US 3,995.6 $3,775.85
58933Y105 MERCK & CO INC US MRK 269.4 $22,971.85
594918104 MICROSOFT CORP US MSFT 2,325.73 $524,522.04
595112103 MICRON TECHNOLOGY INC US MU 13,538.83 $616,152.37
59522J103 MID-AMERICA APARTMENT COMM US MAA 217.28 $25,447.84
609207105 MONDELEZ INTERNATIONAL INC US MDLZ 9,313.98 $544,122.64
615369105 MOODY'S CORPORATION US MCO 732.11 $215,707.82
61965RAA3 MOSS CREEK RESOURCES HLD 7.50000 01/15/2026 US 19,178.9 $13,137.55
62426EAA3 MOUNTAIN PROVINCE DIAMON 8.00000 12/15/2022 CA 6,392.97 $4,666.87
6253983 ARISTOCRAT LEISURE LTD AU ALL AU 452.81 $9,433.02
62913TAJ1 NGL ENRGY PART LP/FIN CO 7.50000 11/01/2023 US 11,986.81 $8,750.37
6321954 TRAVELSKY TECHNOLOGY LTD-H CN 696 HK 481.66 $1,000.23
63938CAH1 NAVIENT CORP 6.75000 06/25/2025 US 18,977.75 $19,784.31
63938EAC8 NAVSL 2014-1 A3 FLT 0.68513 06/25/2031 US 32,286.15 $31,178.19
63938NAF1 NAVIOS SA LOGIST/FIN US 10.75000 07/01/2025 MH 7,192.09 $7,785.44
64033QAB5 NSLT 2015-2A A2 0.77513 09/25/2047 US 188,540.47 $182,220.60
64110D104 NETAPP INC US NTAP 55.29 $2,620.07
644393AA8 NEW FORTRESS ENERGY INC 6.75000 09/15/2025 US 24,973.9 $25,341.01
64829DAG1 NRZT 2014-3A AFX3 3.75000 11/25/2054 US 65,628.82 $70,259.57
64829EAA2 NRZT 2015-2A A1 3.75000 08/25/2055 US 94,961.61 $102,521.62
64829LAA6 NRZT 2016-4A A1 3.75000 11/25/2056 US 178,925.88 $191,896.97
655844108 NORFOLK SOUTHN CORP US NSC 33.22 $7,060.39
6642321 NIKON CORP JP 7731 JP 25,268.38 $197,894.22
66727WAA0 NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 CA 60,330.89 $965.29
66987V109 NOVARTIS AG- REG CH NVS 9,202.96 $792,006.62
670346105 NUCOR CORP US NUE 86.07 $3,912.71
67401PAB4 OAKTREE SPECIALTY LEND 3.50000 02/25/2025 US 11,986.81 $12,066.74
6742340 SHANDONG WEIGAO CN 1066 HK 16,791.38 $39,125.26
674599EA9 OCCIDENTAL PETROLEUM COR 8.87500 07/15/2030 US 11,986.81 $13,545.10
675232AB8 OCEANEERING INTL INC 6.00000 02/01/2028 US 17,580.66 $11,093.40
6821506 SONY CORP FIRST SECTION JP 6758 JP 239.85 $18,780.97
682189AQ8 ON SEMICONDUCTOR CORP 3.87500 09/01/2028 US 11,986.81 $12,508.00
68389X105 ORACLE CORP US ORCL 246.01 $14,076.96
68555PAA8 ORBCOMM INC 8.00000 04/01/2024 US 19,178.9 $18,651.48
69144AAA7 OXFIN 2020-1A A2 3.10100 02/15/2028 US 32,183.52 $32,646.73
69145LAA2 OXFORD FIN LLC/CO-ISS II 6.37500 12/15/2022 US 3,995.6 $3,807.29
69327RAJ0 PDC ENERGY INC 5.75000 05/15/2026 US 11,785.67 $12,056.74
693456AW5 PMTLT 2013-J1 a9 3.50000 09/25/2043 US 122,268.12 $128,835.59
693475105 PNC FINANCIAL SERVICES GROUP US PNC 53.45 $5,943.51
693506107 PPG INDUSTRIES INC US PPG 37.34 $4,495.50
69354NAC0 PRA GROUP INC 7.37500 09/01/2025 US 17,781.81 $18,953.63
701094104 PARKER HANNIFIN CORP US PH 22.79 $4,694.23
7021963 DEUTSCHE BOERSE AG DE DB1 GR 298.83 $56,533.72
70450Y103 PAYPAL HOLDINGS INC US PYPL 1,685.33 $344,044.11
7123870 NESTLE SA-REGISTERED CH NESN SW 4,969.59 $598,573.38
713448108 PEPSICO INC US PEP 1,875.06 $262,621.41
717081103 PFIZER INC US PFE 618 $23,354.08
719245AD4 PHOTO HOLDINGS MERGER SU 8.50000 10/01/2026 US 15,982.42 $14,688.80
71943U104 PHYSICIANS REALTY TRUST US DOC 412.99 $7,495.85
723787107 PIONEER NATURAL RESOURCES CO US PXD 3,937.91 $409,267.07
741503AZ9 BOOKING HOLDINGS INC 3.60000 06/01/2026 US 488,495.69 $548,400.38
74166MAE6 PRIME SECSRVC BRW/FINANC 6.25000 01/15/2028 US 11,986.81 $12,586.15
74340W103 PROLOGIS US PLD 847.89 $86,366.44
74460D109 PUBLIC STORAGE INC US PSA 115.05 $24,437.04
747525103 QUALCOMM INC US QCOM 117.17 $13,955.07
74834L100 QUEST DIAGNOSTICS INC US DGX 34.42 $3,828.87
750236AW1 RADIAN GROUP INC 4.87500 03/15/2027 US 27,170.11 $27,251.62
75513E101 RAYTHEON TECHNOLOGIES CORP US RTX 194.13 $11,841.69
756109104 REALTY INCOME CORP US O 143.87 $8,924.55
758849103 REGENCY CENTERS CORP US REG 101.82 $4,043.28
7591EP100 REGIONS FINANCIAL CORP. US RF 241.22 $2,788.48
76131D103 RESTAURANT BRANDS INTERN CA QSR 715.76 $38,751.42
76169C100 REXFORD INDUSTRIAL REALITY IN US REXR 385.41 $18,491.97
7698356 GETINGE AB-B SHS SE GETIB SS 1,515.58 $33,768.79
773903109 ROCKWELL AUTOMATION INC US ROK 23.67 $5,455.72
778296AE3 ROSS STORES INC 5.45000 04/15/2050 US 112,213.62 $144,285.36
780259107 ROYAL DUTCH SHELL PLC-ADR B NL RDS/B 3,189.48 $89,624.38
783513203 RYANAIR HOLDINGS - ADR IE RYAAY 4,989.34 $403,637.23
78403DAP5 SBA TOWER TRUST 1.88400 01/15/2026 US 206,898.98 $208,297.47
78409V104 S&P GLOBAL INC US SPGI 511.4 $187,385.69
78410G104 SBA COMMUNICATIONS CORP US SBAC 1,164.45 $356,402.35
78442PGC4 SLM CORP 5.12500 04/05/2022 US 27,969.23 $28,808.31
78449UAB4 SMB 2020-A A2A MTGE 2.23000 09/15/2037 US 42,442.01 $43,935.01
78449XAA0 SMB 2020-BA A1A 1.29000 07/15/2053 US 303,300.79 $302,939.01
78490DAA2 SOFI 2018-C A1FX 3.08000 01/25/2048 US 58,288.5 $58,659.41
785592AV8 SABINE PASS LIQUEFACTION 5.87500 06/30/2026 US 391,383.36 $470,725.65
79466L302 SALESFORCE.COM US CRM 2,150 $586,197.66
806857108 SCHLUMBERGER LTD NL SLB 8,006.78 $152,208.89
81141R100 SEA LTD - ADR SG SE 158.91 $24,283.25
81745BAB1 SEMT 2013-6 A2 3.00000 05/25/2043 US 141,843.15 $148,398.23
81745CAB9 SEMT 2013-7 A2 3.00000 06/25/2043 US 59,460.5 $61,159.22
81745EAA7 SEMT 2013-8 A1 3.00000 06/25/2043 US 78,621.98 $80,880.83
81745MAA9 SEMT 2013-2 1.87400 02/25/2043 US 61,508.29 $61,959.19
81762P102 SERVICENOW INC US NOW 531.66 $256,271.44
83088M102 SKYWORKS SOLUTIONS INC US SWKS 30.42 $4,406.65
832696405 JM SMUCKER CO/THE-NEW COM WI US SJM 29.54 $3,550.42
83401BAB2 SOFI 2017-F A2FX 2.84000 01/25/2041 US 31,422.72 $32,274.31
83404RAB4 SOFI 2018-B A2FX MTGE 3.34000 08/25/2047 US 142,232.59 $146,859.94
83404YAA1 SCLP 2016-5 A 3.06000 09/25/2028 US 1,072.8 $1,074.87
83406EAB1 SOFI 2018-A A2A 2.39000 02/25/2042 US 3,714.92 $3,718.32
83406TAB8 SOFI 2020-A A2FX MTGE 2.54000 05/15/2046 US 26,752.55 $27,817.70
844741BJ6 SOUTHWEST AIRLINES CO 5.25000 05/04/2025 US 282,713.86 $308,562.26
85172FAN9 SPRINGLEAF FINANCE CORP 7.12500 03/15/2026 US 12,785.93 $14,671.80
85254J102 STAG INDUSTRIAL INC US STAG 299.82 $9,684.26
854502101 STANLEY WORKS/THE US SWK 26.82 $4,326.78
85571BAL9 STARWOOD PROPERTY TRUST 4.75000 03/15/2025 US 19,178.9 $18,459.69
85571XAA5 SRPT 2014-STAR A FLTG RATE 1.63188 11/15/2027 US 233,688.6 $163,633.36
861036AA9 STL HOLDING CO LLC 7.50000 02/15/2026 US 17,580.66 $17,800.42
866674104 SUN COMMUNITIES US SUI 252.06 $37,576.75
86935CAA0 SCML 2019-SBC8 2.86000 04/25/2041 US 204,221.09 $205,842.41
87105L104 SWITCH INC - A US SWCH 984.33 $16,930.45
871829107 SYSCO CORP US SYY 4,698.16 $282,547.07
872540AU3 TJX COS INC 4.50000 04/15/2050 US 166,118.74 $211,336.76
87422VAJ7 TALEN ENERGY SUPPLY LLC 7.62500 06/01/2028 US 17,580.66 $18,167.68
87677QAA9 TXEZ 2016-1A 3.13100 06/15/2028 US 34,443 $34,512.74
87854WAA1 TECHNIPLAS LLC 10.00000 05/01/2020 US 8,790.33 $1,955.85
88032WAN6 TENCENT HOLDINGS 3.97500 04/11/2029 KY 308,231.05 $355,695.66
88146M101 TERRENO REALTY CORP US TRNO 217.43 $12,967.46
882508104 TEXAS INSTRUMENTS INC US TXN 118.17 $16,797.89
883556102 THERMO FISHER SCIENTIFIC INC US TMO 603.63 $258,943.50
88579Y101 3M CO US MMM 84.35 $13,750.81
89151E109 TOTAL S A SPONSORED ADR FR TOT 5,891.01 $233,107.38
89173CAA5 TPMT 2016-5 A1 2.50000 10/25/2056 US 216,102.06 $220,664.28
89173FAA8 TPMT 2017-1 A1 2.75000 10/25/2056 US 125,355.98 $128,887.96
89177EAA7 TPMT 2019-HY1 A1 1.17513 10/25/2048 US 112,573.12 $112,338.81
892231AA9 TOWNSQUARE MEDIA INC 6.50000 04/01/2023 US 17,459.97 $16,106.82
89417E109 TRAVELLERS COS INC US TRV 48.41 $5,617.81
89613BAA5 TAH 2016-SFR1 A 2.58900 11/17/2033 US 312,355.55 $313,177.77
89613FAA6 TAH 2017-SFR2 A 2.92800 01/17/2036 US 138,603.36 $143,620.80
89613GAA4 TAH 2020-SFR1 A 1.49900 07/17/2038 US 49,884.45 $49,874.28
89832Q109 TRUIST FINANCIAL CORP US TFC 236.94 $9,195.66
901109AF5 TUTOR PERINI CORP 6.87500 05/01/2025 US 31,165.72 $29,997.00
902494103 TYSON FOODS INC -CL A US TSN 71.4 $4,483.80
902653104 UDR INC US UDR 205.48 $7,152.65
902973304 U.S. BANCORP US USB 251.97 $9,171.77
904767704 UNILEVER PLC - ADR GB UL 14,605.83 $870,215.18
907818108 UNION PAC CORP US UNP 90.75 $17,463.29
91086QBG2 UNITED MEXICAN STATES 4.12500 01/21/2026 MX 31,964.84 $35,656.77
9127963S6 TREASURY BILL 0.00000 07/15/2021 US 397,822.34 $397,349.42
912810FS2 TSY INFL IX N/B 2.00000 01/15/2026 US 1,117,265.96 $1,329,699.24
912810RX8 US TREASURY N/B 3.00000 05/15/2047 US 686,124.73 $927,822.89
912828D56 US TREASURY N/B 2.37500 08/15/2024 US 655,977.39 $712,017.33
912828K74 US TREASURY N/B 2.00000 08/15/2025 US 321,432.89 $348,767.24
912828R36 US TREASURY N/B 1.62500 05/15/2026 US 871,845.97 $934,543.96
912828YN4 US TREASURY FRN FLT 0.40503 10/31/2021 US 1,109,152.32 $1,112,738.52
912828ZJ2 TSY INFL IX N/B 0.12500 04/15/2025 US 819,186.17 $880,913.13
91704F104 URBAN EDGE PROPERTIES US UE 652.43 $6,889.69
918204108 VF CORP US VFC 82.47 $5,422.51
91913Y100 VALERO ENERGY US VLO 86.75 $4,562.12
92343VDU5 VERIZON COMMUNICATIONS 5.25000 03/16/2037 US 433,720.37 $589,173.09
92826C839 VISA INC - CLASS A SHARES US V 5,058.1 $1,072,266.94
92826CAK8 VISA INC 2.70000 04/15/2040 US 337,021.27 $364,037.95
928668BE1 VOLKSWAGEN GROUP AMERICA 3.35000 05/13/2025 US 207,042.25 $227,561.22
929160109 VULCAN MATERIALS CO US VMC 2,128.98 $255,478.08
93065PAA9 WBHT 2019-WBM A FLT 1.21188 12/15/2033 US 170,636.92 $162,098.82
931142103 WAL MART STORES US WMT 236.06 $32,777.07
94106L109 WASTE MANAGEMENT INC US WM 74.28 $8,467.47
949746101 WELLS FARGO COMPANY US WFC 533.29 $12,878.85
95040Q104 WELLTOWER INC. US WELL 319.23 $18,362.33
95081QAP9 WESCO DISTRIBUTION INC 7.25000 06/15/2028 US 18,379.78 $20,502.37
962178AN9 TRI POINTE GROUP / HOMES 5.87500 06/15/2024 US 17,781.81 $19,293.26
966387AH5 WHITING PETROLEUM CORP 5.75000 03/15/2021 US 62,331.43 $14,024.57
96949LAD7 WILLIAMS PARTNERS LP 3.75000 06/15/2027 US 283,127.08 $312,812.69
97652TAA1 WIN 2015-1 A1 3.50000 01/20/2045 US 65,121.7 $67,049.30
98311A105 WYNDHAM HOTELS & RESORTS INC US WH 285.99 $14,974.34
983919101 XILINX INC US XLNX 40.94 $4,263.87
B02J639 ADMIRAL GROUP PLC GB ADM LN 1,697.74 $59,236.91
B1KFX13 GRUPO AEROPORTUARIO DEL CENT MX OMAB MM 2,270.71 $10,398.84
B1Y47Y7 GERRESHEIMER AG DE GXI GR 337.01 $39,754.76
B1Y9TB3 DANONE FR BN FP 689.07 $45,310.96
B3QJ0H8 TOURMALINE OIL CORP CA TOU CN 2,963.44 $37,646.45
B3ZD2V9 MEX BONOS DESARR FIX RT 6.50000 06/10/2021 MX 391,131.88 $18,133.06
B4888C1 CANADIAN GOVERNMENT FLT 2.75000 06/01/2022 CA 64,375.7 $51,504.51
B4NDCC9 MEX BONOS DESARR FIX RT 6.50000 06/09/2022 MX 603,090.27 $28,473.29
B4YVF56 BRENNTAG AG DE BNR GR 505.94 $31,700.42
B63QM77 NEXON CO LTD JP 3659 JP 23,168.76 $542,135.19
B6TC406 MEX BONOS DESARR FIX RT 7.75000 05/29/2031 MX 179,938.88 $9,292.16
BBG00W89CJ51 BABA US 09/04/20 P240 CN -7.16 -$42.94
BBG00WD4YYY7 COG US 09/11/20 C20 US -86.36 -$863.55
BBG00WD57V16 CRM US 09/11/20 C230 US -7.52 -$30,139.60
BBG00WDJ9S48 PYPL US 09/11/20 P195 US -8.76 -$1,313.34
BBG00WN64F39 FB US 09/11/20 C282.5 US -6.12 -$9,909.26
BBQ3850 KEYWORDS STUDIOS PLC IE KWS LN 322.01 $9,461.22
BD6K457 COMPASS GROUP PLC GB CPG LN 148.73 $2,406.73
BGHQ198 HIBERNIA REIT PLC IE HBRN ID 6,343.25 $9,016.25
BH8295835 SAUDI INTERNATIONAL BOND 2.90000 10/22/2025 SA 31,964.84 $33,884.01
BHJYC05 INTERCONTINENTAL HOTELS GROUP GB IHG LN 292.9 $16,911.57
BJ2KSG2 AKZO NOBEL NL AKZA NA 297.28 $29,342.10
BJVB695 BUONI POLIENNALI DEL TES 2.45000 09/01/2050 IT 74,715.07 $97,027.59
BK0939417 AMERICAN TANKER INC 7.75000 07/02/2025 US 31,964.84 $32,166.21
BMMV2K8 TENCENT HOLDINGS LTD CN 700 HK 8,464.89 $578,307.29
BNGN9Z1 FINECOBANK SPA IT FBK IM 3,947.65 $59,761.77
BP9DL90 INDUSTRIA DE DISENO TEXTIL ES ITX SM 1,305.01 $36,693.02
BVYVFW2 AUTO TRADER GROUP PLC GB AUTO LN 2,693.44 $20,135.96
BYPC1T4 ASSA ABLOY AB-B SE ASSAB SS 843.74 $19,546.42
BYYHL23 ANHEUSER-BUSCH INBEV SA/NV BE ABI BB 5,168.96 $300,416.73
BZ0VW78 BINGO INDUSTRIES LTD AU BIN AU 12,717.84 $20,818.26
BZ1HM42 ADYEN NV NL ADYEN NA 8.39 $14,148.48
G0772R208 BANK OF N.T. BUTTERFIELD&SON BM NTB 725.58 $18,284.67
G1151C101 ACCENTURE PLC - CL A IE ACN 212.87 $51,074.45
G29183103 EATON CORP PLC US ETN 78.27 $7,991.76
G51502105 JOHNSON CONTROLS INTERNATIONAL US JCI 172.54 $7,027.51
G5494J103 LINDE PLC GB LIN 51.81 $12,938.85
G5960L103 MEDTRONIC INC IE MDT 3,088.83 $331,956.82
G85158106 STONECO LTD-A BR STNE 85.69 $4,370.12
G8994E103 TRANE TECHNOLOGIES IE TT 39.94 $4,728.09
G97822103 PERRIGO CO PLC IE PRGO 566.48 $29,626.65
H01301128 ALCON INC CH ALC 12,172.64 $697,979.44
H1467J104 CHUBB LTD CH CB 69.28 $8,659.89
H2906T109 GARMIN LTD CH GRMN 35.26 $3,653.21
N53745100 LYONDELLBASELL INDU-CL A US LYB 76.12 $4,984.05
USD US DOLLAR US 2,958,931.55 $2,958,931.55
ZO1818103 NAVIGATOR HOLDINGS LTD 8.00000 09/10/2025 MH 23,973.63 $24,031.40

Based on the investments of the underlying fund(s): Manning & Napier Pro-Mix® Extended Term CIT Fund and Manning & Napier Pro-Mix® Moderate Term CIT Fund. Investments will change over time and as the target date fund gradually becomes more conservative. Fund holdings list does not include securities with positions less than 0.005 shares.

A Word About Risk

Each Manning & Napier Retirement Target CIT Fund is invested in one or two of four proprietary risk-based funds, the Manning & Napier Pro-Mix® CIT Funds, based on the Retirement Target CIT Fund becoming increasingly conservative over time. Because the underlying funds invest 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 target date funds will also involve a number of other risks, including issuer-specific risk, foreign investment risk, and small-cap/mid-cap risk, as the underlying investments change over time. 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. Principal value is not guaranteed at any time, including at the target date (the approximate year when an investor plans to stop contributions and start periodic withdrawals).

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 40 years of experience managing life cycle 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

$13.72

Daily $ Change

$0.05

Daily % Change

0.36%

as of 09/22/2020

CUSIP

56382R852

Inception Date

05/14/2015

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

Important Documents

Annual Report
Fact Sheet
Applications & Forms

Each Retirement Target CIT Fund seeks to achieve its investment objectives by investing in a combination of other Manning & Napier CIT Funds (the “underlying CIT Funds”) in order to meet its target asset allocations and investment style. The financial statements of the underlying Pro-Mix® CIT Funds should be read in conjunction with the Retirement Target CIT Funds’ financial statements.
Pro-Mix® CIT Fund Annual Report

Investment Objective

To provide capital growth and manage risk for investors planning to retire in or around the year indicated in the fund’s name.

Investment Strategy

Currently: The portfolio is currently invested in a balanced mix of investments that seeks a more stable rate of long-term growth than that of the broad stock market. The portfolio is diversified among fixed income securities, primarily with intermediate to long-term maturities, and various stocks. Stock exposure can range from 25% - 65%.

Over Time: The portfolio’s investment mix will gradually become more conservative as the target date approaches and for several years after the target date. During the target year, the portfolio’s stock exposure can range from 20% - 60%. At five years after the target date and beyond, the focus will be on capital preservation, and stock exposure can range from 15% - 45%.

May be Appropriate for Investors

  • Who plan to stop contributions and start periodic withdrawals around the year 2025
  • Who have a moderate tolerance for risk and can accept fluctuations in current account value
  • Who prefer to take advantage of professional management through a single, diversified investment portfolio that becomes more conservative over time

About Target Date Funds

A target date fund is a single investment portfolio designed to meet an investor’s changing needs over time. The fund gradually shifts from a more aggressive to a more conservative investment objective over the years to reflect an appropriate risk/return trade-off for the investor’s changing time horizon.

Target Series Glide Path Overview

Learn more about our Glide Range SM

Performance

As of 08/31/2020

YTD

10.56%

1 Year

14.47%

3 Year

8.83%

5 Year

8.21%

10 Year

8.60%

Inception
(01/01/2000)

7.30%

US Stock Market Cycle (04/01/2000 - 08/31/2020)

7.44%

Performance through the inception date of the Retirement Target CIT Class U1 units is based on the historical performance of the CIT’s oldest unit class. Performance through the inception date of the oldest unit class (08/03/2012) is not the past performance of the Retirement Target CIT Fund and is based on historical performance data of the Manning & Napier Pro-Mix® CIT Fund(s) that would have been held according to the Retirement Target CIT Fund’s glide path. Returns are net of the Class U1 expenses. The Retirement Target CIT Fund will gradually become more conservative over time. 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 0.50%
Net 0.49%*

*Includes acquired fund fees and expenses of the underlying collective investment trusts and reflects the Trustee’s contractual agreement to limit its fees and voluntary agreement to reimburse certain expenses.

Top Ten Investments

As of 08/31/2020

GOVERNMENT AGENCY 8.34%
TREASURY NOTES 5.00%
TSY INFL IX N/B 2.00000 01/15/2026 2.14%
MASTERCARD INC-CLASS A 1.81%
VISA INC - CLASS A SHARES 1.72%
TREASURY BONDS 1.49%
EXPEDIA INC 1.49%
TSY INFL IX N/B 0.12500 04/15/2025 1.42%
UNILEVER PLC - ADR 1.40%
JOHNSON & JOHNSON 1.35%

This investment list is unaudited and excludes cash.

Asset Allocation

As of 08/31/2020

Bonds
48.45%
Stocks
46.99%
Cash
4.56%

Detailed Asset Class Allocation

As of 08/31/2020

International Equities
13.62%
Small Capitalization
1.90%
Mid Capitalization
6.44%
Large Capitalization
25.03%
Long Term Fixed Income
16.88%
Intermediate Term Fixed Income
27.10%
Short Term Fixed Income
4.47%
Cash
4.56%

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

August Fund Holdings

As of 08/31/2020

CUSIP Security Description Country Ticker Shares/Par Market Value (USD)
00206RDQ2 AT&T INC 4.25000 03/01/2027 US 127,380.51 $149,327.60
00287Y109 ABBVIE INC US ABBV 193.37 $18,518.67
00507V109 ACTIVISION INC US ATVI 6,054.24 $505,650.40
00653VAA9 ADAPTHEALTH LLC 6.12500 08/01/2028 US 20,777.14 $21,764.06
00774MAG0 AERCAP IRELAND CAP / GLOBA 4.45000 10/01/2025 IE 390,513.17 $391,391.00
00791GAA5 AG MERGER SUB II INC 10.75000 08/01/2027 US 19,178.9 $19,562.48
008492100 AGREE REALTY CORP US ADC 226.74 $15,173.74
00912XAV6 AIR LEASE CORP 3.62500 04/01/2027 US 191,691.74 $192,093.22
00914AAB8 AIR LEASE CORP 3.75000 06/01/2026 US 99,263.67 $101,501.38
01166WAA5 ALASKA AIR 2020-1 CL B 8.00000 08/15/2025 US 21,576.26 $22,399.80
013822AC5 ALCOA NEDERLAND HOLDING 6.12500 05/15/2028 NL 16,781.54 $18,124.06
015271109 ALEXANDRIA REAL EST EQUITIES US ARE 53.61 $9,026.44
01609W102 ALIBABA GROUP - ADR CN BABA 2,013.52 $577,940.11
01609WAT9 ALIBABA GROUP HOLDING 3.40000 12/06/2027 KY 454,018.68 $514,236.67
020002101 ALLSTATE CORPORATION US ALL 57.53 $5,349.92
02079K305 ALPHABET INC-CL A US GOOGL 314.2 $512,001.79
023135106 AMAZON.COM INC US AMZN 225.06 $776,670.10
02319V103 AMBEV SA-ADR BR ABEV 5,526.31 $12,434.20
0237400 DIAGEO PLC GB DGE LN 6,383.15 $213,269.11
02406PBA7 AMERICAN AXLE & MFG INC 6.87500 07/01/2028 US 11,986.81 $12,483.79
024835100 AMERICAN CAMPUS COMMUNITIES US ACC 485.72 $16,465.94
02665T306 AMERICAN HOMES 4 RENT- A US AMH 988.69 $28,316.06
03027X100 AMERICAN TOWER REIT INC US AMT 1,272.36 $317,007.45
03027XAW0 AMERICAN TOWER CORP 3.80000 08/15/2029 US 325,931.99 $377,026.42
03064D108 AMERICOLD REALTY TRUST US COLD 624.23 $23,939.11
03217CAA4 AMS AG 7.00000 07/31/2025 AT 31,964.84 $33,243.43
032654105 ANALOG DEVICES INC US ADI 49.41 $5,775.14
03690AAD8 ANTERO MIDSTREAM PART / FI 5.75000 03/01/2027 US 20,777.14 $18,543.60
03690AAF3 ANTERO MIDSTREAM PART/FI 5.75000 01/15/2028 US 13,585.06 $12,124.66
03748R754 APARTMENT INVT & MGMT CO -A US AIV 397.08 $14,306.89
03784Y200 APPLE HOSPITALITY REIT INC US APLE 1,402.62 $14,264.64
039483102 ARCHER-DANIELS-MIDLAND CO US ADM 113.25 $5,069.24
053015103 AUTOMATIC DATA PROCESSING US ADP 48.41 $6,733.58
053484101 AVALONBAY COMMUNITIES INC US AVB 120.13 $18,987.66
05401AAJ0 AVOLON HOLDINGS FNDG LTD 3.25000 02/15/2027 KY 172,533.58 $148,340.73
055622104 BP PLC-SPONS ADR GB BP 405.78 $8,492.99
05604LAA0 BWAY 2015-1740 A 2.91700 01/10/2035 US 478,379.13 $486,674.13
05722G100 BAKER HUGHES CO US BKR 259.63 $3,707.55
060505104 BANK OF AMERICA CORP US BAC 830.03 $21,365.01
06051GFM6 BANK OF AMERICA CORP 4.00000 01/22/2025 US 196,463.47 $220,170.41
071734AH0 BAUSCH HEALTH COS INC 5.00000 01/30/2028 CA 15,384.44 $15,192.14
084423102 WR BERKLEY CORP US WRB 5,384.6 $334,114.55
084670702 BERKSHIRE HATHAWAY INC-CL B US BRK/B 2,478.23 $540,352.41
086516101 BEST BUY INC US BBY 61.88 $6,863.52
09061G101 BIOMARIN PHARMACEUTICAL INC US BMRN 2,120.4 $165,454.84
0946580 WEIR GROUP PLC/THE GB WEIR LN 1,470.19 $25,086.35
09857L108 BOOKING HOLDINGS INC US BKNG 135.92 $259,661.03
105368203 BRANDYWINE REALTY TRUST US BDN 901.3 $10,031.49
110122108 BRISTOL MYERS SQUIBB CO US BMY 269.2 $16,744.32
11680JAA0 BRUIN E&P PARTNERS LLC 8.87500 08/01/2023 US 60,934.34 $119.43
12503M108 CBOE GLOBAL MARKETS INC US CBOE 1,483.77 $136,195.33
12530MAA3 SORT 2020-1 A1 MTGE 1.69000 07/15/2060 US 152,756.7 $154,999.55
12530MAB1 SORT 2020-1 A2 1.99000 07/15/2060 US 130,278.13 $132,615.64
12541W209 C.H. ROBINSON WORLDWIDE INC US CHRW 39.94 $3,925.77
12555DAA3 CIM 2019-INV1 A1 4.00000 02/25/2049 US 43,418.62 $44,978.68
12572Q105 CME GROUP INC US CME 783.96 $137,875.35
12591QAR3 COMM 2014-UBS4 A5 3.69400 08/10/2047 US 430,541.22 $466,836.92
12593GAF9 COMM 2015-PC1 A5 3.90200 07/10/2050 US 227,230.09 $252,510.87
12629NAF2 COMM 2015-DC1 A5 FLT 3.35000 02/10/2048 US 239,189.57 $257,991.06
12646XAH5 CSMC 2013-IVR3 A1 2.50000 05/25/2043 US 93,374.84 $95,294.33
12654TAA8 CNX MIDSTREAM PTR/CNX 6.50000 03/15/2026 US 13,585.06 $13,605.16
127097103 CABOT OIL & GAS CORP US COG 42,911.13 $814,024.04
131477AT8 CALUMET SPECIALTY PROD 11.00000 04/15/2025 US 12,785.93 $12,146.64
133131102 CAMDEN PROPERTY TRUST US CPT 231.7 $21,070.90
133131AZ5 CAMDEN PROPERTY TRUST 2.80000 05/15/2030 US 247,561.2 $271,577.06
13321L108 CAMECO CORP CA CCJ 28,901.31 $334,388.14
149123101 CATERPILLAR INC US CAT 83.27 $11,850.27
14980AAA0 CAZENOVIA CREEK FUNDING LLC 3.56070 07/15/2030 US 65,977.88 $65,420.77
15135UAS8 CENOVUS ENERGY INC 5.37500 07/15/2025 CA 3,196.48 $3,253.60
16119P108 CHARTER COMMUNICATIONS INC-A US CHTR 893.28 $549,910.44
165183BB9 CFII 2017-4A A1 2.12000 11/15/2029 US 72,254.9 $72,678.66
166764100 CHEVRON CORP US CVX 1,170.89 $98,273.20
172062101 CINCINNATI FINANCIAL CORP US CINF 31.46 $2,498.36
17275R102 CISCO SYSTEMS INC US CSCO 471.68 $19,914.45
172967424 CITIGROUP INC US C 250.13 $12,786.81
172967KA8 CITIGROUP INCA 4.45000 09/29/2027 US 340,609.12 $395,969.93
191216100 COCA COLA CO/THE US KO 14,509.6 $718,660.68
194162103 COLGATE-PALMOLIVE CO US CL 136.52 $10,820.54
20030N101 COMCAST CORP-CL A US CMCSA 359.35 $16,102.42
20030NCY5 COMCAST CORP 3.25000 11/01/2039 US 311,036.18 $345,243.56
20369C106 COMMUNITY HEALTHCARE TRUST I US CHCT 320.06 $14,947.01
20449X401 COMPASS GROUP PLC ADR GB CMPGY 17,846.78 $286,440.78
205887102 CONAGRA BRAND INC. US CAG 120.77 $4,632.69
20605P101 CONCHO RESOURCES INC US CXO 6,361.7 $330,681.19
20825C104 CONOCOPHILLIPS US COP 4,675.87 $177,168.68
21036P108 CONSTELLATION BRANDS INC-A US STZ 27.98 $5,162.39
217204106 COPART INC US CPRT 2,510.44 $259,378.91
222795502 COUSINS PROPERTIES INC US CUZ 768.74 $22,946.93
22534GAA1 CAALT 2020-1A 2.01000 02/15/2029 US 37,413.34 $38,320.01
22822V101 CROWN CASTLE INTL CORP US CCI 170.46 $27,827.42
22822VAN1 CROWN CASTLE INTL CORP 3.10000 11/15/2029 US 219,621.57 $241,393.61
22944PAA5 CSMC 2013-TH1 A1 2.13000 02/25/2043 US 58,670.74 $60,145.67
229663109 CUBESMART US CUBE 320.62 $10,138.08
231021106 CUMMINS INC US CMI 34.74 $7,199.78
253868103 DIGITAL REALTY TRUST INC US DLR 272.96 $42,485.86
254687FW1 WALT DISNEY COMPANY/THE 2.20000 01/13/2028 US 132,773.21 $140,497.64
25470DAT6 DISCOVERY COMMUNICATIONS 5.20000 09/20/2047 US 343,838.4 $412,401.58
256746108 DOLLAR TREE STORES INC US DLTR 2,471.28 $237,910.13
25746UDG1 DOMINION ENERGY 3.37500 04/01/2030 US 202,247.53 $230,222.96
25787GAC4 DONNELLEY FINANCIAL SOL 8.25000 10/15/2024 US 22,973.36 $23,892.29
25960P109 DOUGLAS EMMETT INC US DEI 500.78 $13,981.85
260003108 DOVER CORP US DOV 27.66 $3,038.59
26439XAC7 DCP MIDSTREAM OPERATING 8.12500 08/16/2030 US 15,982.42 $18,979.12
264411505 DUKE RLTY INVTS INC US DRE 516.49 $19,910.70
26875P101 EOG RESOURCES INC US EOG 4,889.83 $221,704.74
26884L109 EQT CORP US EQT 16,057.26 $254,828.78
26884LAG4 EQT CORP 8.75000 02/01/2030 US 11,986.81 $14,354.21
2715777 QUEBECOR INC -CL B CA QBR/B CN 1,483.92 $36,792.19
277276101 EASTGROUP PROPERTIES US EGP 43.61 $5,807.59
285512109 ELECTRONIC ARTS US EA 2,673.93 $372,933.15
2866857 LUNDIN MINING CORP CA LUN CN 3,155.85 $19,767.17
291011104 EMERSON ELEC CO US EMR 120.49 $8,370.39
29273RAR0 ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 US 352,992.76 $380,416.57
29444U700 EQUINIX INC US EQIX 683.03 $539,445.01
29472R108 EQUITY LIFESTYLE PROPERTIES US ELS 344.77 $22,854.66
29476L107 EQUITY RESIDENTIAL US EQR 219.07 $12,366.42
297178105 ESSEX PROPERTY TRUST INC US ESS 26.02 $5,634.51
30212P303 EXPEDIA INC US EXPE 9,447.59 $927,281.23
30212PAS4 EXPEDIA GROUP INC 6.25000 05/01/2025 US 153,354.68 $168,510.07
302154BV0 EXPORT-IMPORT BANK KOREA 2.62500 12/30/2020 KR 682,811.01 $687,221.20
30225T102 EXTRA SPACE STORAGE INC US EXR 65.4 $6,968.47
30231G102 EXXON MOBIL CORP US XOM 4,512.92 $180,245.83
302491303 FMC CORP US FMC 2,446.28 $261,409.81
30264DAA7 FS ENERGY & POWER FUND 7.50000 08/15/2023 US 10,388.57 $9,349.71
30286XAN9 FREMF 2015-K43 B FLT 3.86095 02/25/2048 US 359,549.74 $391,215.86
30291HAA5 FREMF 2013-K28 X2A 0.10000 06/25/2046 US 17,595,513.16 $33,107.72
30291XAE2 FREMF 2014-K715 B FLT 4.11951 02/25/2046 US 70,401.45 $70,851.36
30303M102 FACEBOOK INC -A US FB 1,736.13 $509,033.39
311900104 FASTENAL CO US FAST 134.12 $6,553.16
3128M5A91 FHLM POOL G03332 6.00000 10/01/2037 US 4,182.9 $4,919.28
3128M5DD9 FHLM POOL G03400 5.50000 03/01/2037 US 8,284.28 $9,639.89
3128M5NM8 FHLM POOL G03696 5.50000 01/01/2038 US 9,060.02 $10,524.97
3128M6B98 FHLM POOL G04264 5.50000 04/01/2038 US 31,463.84 $36,486.34
3128M6NC8 FHLM POOL G04587 5.50000 08/01/2038 US 4,993.54 $5,779.21
3128M73H7 FHLM POOL G05900 6.00000 03/01/2040 US 8,323.64 $9,794.71
3128M73P9 FHLM POOL G05906 6.00000 04/01/2040 US 13,587.13 $16,010.53
3128M7KW5 FHLM POOL G05409 5.50000 03/01/2039 US 21,782.55 $25,275.23
3128M8AW4 FHLM POOL G06021 5.50000 01/01/2040 US 8,584.98 $9,949.35
3128M9C83 FHLM POOL G06995 6.00000 05/01/2040 US 26,245.96 $30,799.06
3128MB4Q7 FHLM POOL G13331 5.50000 10/01/2023 US 657.08 $682.90
3128MBDP9 FHLM POOL G12610 6.00000 03/01/2022 US 981.3 $1,000.75
3128MBE45 FHLM POOL G12655 6.00000 05/01/2022 US 684.36 $700.42
3128MBRH2 FHLM POOL G12988 6.00000 01/01/2023 US 697.04 $721.49
3128MBUB1 FHLM POOL G13078 6.00000 03/01/2023 US 1,081.92 $1,117.94
3128MJ2U3 FHLM GOLD POOL FG G08786 4.50000 10/01/2047 US 185,515.75 $201,241.44
3128MJJT8 FHLM POOL G08273 5.50000 06/01/2038 US 29,242.87 $33,845.38
3128P76R9 FHLM POOL C91780 4.50000 07/01/2034 US 26,850.73 $29,587.14
3132LMMM5 FHLM POOL K91364 4.50000 11/01/2033 US 13,351.34 $14,446.22
3132LNE83 FHLM POOL K92059 4.50000 09/01/2034 US 18,245.94 $19,871.10
31335ABB3 FHLM POOL G60034 4.50000 02/01/2045 US 253,329.68 $283,236.79
31335AFY9 FHLM POOL G60183 4.00000 12/01/2044 US 46,151.43 $49,680.27
3133A6DB4 FEDERAL NATL MTG ASSN FR QB0098 2.50000 06/01/2050 US 405,429.41 $426,583.85
3135G0Q22 FANNIE MAE 1.87500 09/24/2026 US 1,049,832.59 $1,133,041.77
3136AY6W8 FNA 2017-M15 A1 FLT 3.05797 09/25/2027 US 217,432.5 $236,314.84
3136B1YD0 FNR 2018-31 KP 3.50000 07/25/2047 US 80,591.98 $83,721.78
31371NCJ2 FEDERAL NATL MTG ASSN 256673 5.50000 04/01/2037 US 41,738.71 $48,363.90
3137ADTK3 FHMS K014 X1 FLT 1.32366 04/25/2021 US 897,021.81 $3,686.94
3137AJMG6 FMHS K016 X1 FLT 1.63779 10/25/2021 US 595,888.6 $7,596.45
3137AME78 FHMS K017 X1 FLT 1.43314 12/25/2021 US 1,019,420.46 $11,265.62
3137AUPF0 FHMS K021 x1 FLT 1.54441 06/25/2022 US 2,232,843.21 $43,474.13
3137B3NB0 FHMS K030 X1 FLT 0.28647 04/25/2023 US 7,042,476.03 $28,995.99
3137B4GZ3 FHMS K032 X1 FLT 0.20559 05/25/2023 US 4,535,937.85 $12,805.41
3137F4YU0 FHR 4791 BA MTGE 4.00000 03/15/2044 US 83,552.58 $85,295.97
3137FG2L8 FHR 4801 BA MTGE 4.50000 05/15/2044 US 50,101.18 $50,780.68
3138ABBY4 FEDERAL NATL MTG ASSN AH9054 4.50000 04/01/2041 US 24,038.37 $26,736.73
3138ASSD5 FEDERAL NATL MTG ASSN AJ1415 4.50000 09/01/2041 US 13,298.99 $14,838.49
3138EQTZ5 FEDERAL NATL MTG ASSN AL7767 4.50000 06/01/2044 US 151,650.69 $169,099.97
3138ETT89 FEDERAL NATL MTG ASSN AL8674 FLT 5.64300 01/01/2049 US 296,080.07 $349,796.84
31403DDX4 FEDERAL NATL MTG ASSN 745418 5.50000 04/01/2036 US 63,544.33 $74,340.99
31407EJW4 FEDERAL NATL MTG ASSN 828377 5.50000 06/01/2035 US 9,158.41 $10,738.94
3140E2GZ8 FEDERAL NATL MTG ASSN AZ9215 4.00000 10/01/2045 US 48,994.45 $54,111.63
3140F2QS2 FEDERAL NATL MTG ASSN BC6764 3.50000 04/01/2046 US 55,320.14 $59,142.16
3140F9M51 FEDERAL NATL MTG ASSN BD2179 4.00000 07/01/2046 US 148,577.55 $161,369.58
3140FEXR0 FEDERAL NATL MTG ASSN BD6987 4.00000 10/01/2046 US 139,714.33 $150,067.03
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31410FV51 FEDERAL NATL MTG ASSN 888136 6.00000 12/01/2021 US 682.25 $693.72
31410GCD3 FEDERAL NATL MTG ASSN 888468 5.50000 09/01/2021 US 2,772.01 $2,793.91
31410GN33 FEDERAL NATL MTG ASSN 888810 5.50000 11/01/2022 US 3,058.44 $3,086.56
31410KGB4 FEDERAL NATL MTG ASSN 889494 5.50000 01/01/2037 US 16,773.97 $19,744.90
31410KJV7 FEDERAL NATL MTG ASSN 889576 6.00000 04/01/2038 US 28,581.1 $33,587.53
31410KLD4 FEDERAL NATL MTG ASSN 889624 5.50000 05/01/2038 US 27,079.62 $31,339.33
31411JXP6 FEDERAL NATL MTG ASSN 909786 5.50000 03/01/2037 US 12,599.38 $14,585.78
31416BSW9 FEDERAL NATL MTG ASSN 995233 5.50000 10/01/2021 US 23.29 $23.40
31416BVW5 FEDERAL NATL MTG ASSN 995329 5.50000 12/01/2021 US 1,687.47 $1,701.65
31418BBC9 FEDERAL NATL MTG ASSN MA1834 4.50000 02/01/2034 US 45,730.14 $50,377.67
31418BDH6 FEDERAL NATL MTG ASSN MA1903 4.50000 05/01/2034 US 74,683.04 $82,274.46
31418CYJ7 FEDERAL NATL MTG ASSN FN MA3412 3.50000 07/01/2038 US 58,309.14 $61,565.71
31418DNN8 FEDERAL NATL MTG ASSN FN MA3996 2.50000 04/01/2050 US 162,667.58 $168,516.34
31418DQ21 FEDERAL NATL MTG ASSN FN MA4072 2.50000 07/01/2040 US 215,271.25 $226,624.56
31418DQG0 FEDERAL NATL MTG ASSN FN MA4054 2.50000 06/01/2040 US 544,956.63 $573,696.78
31418DQZ8 FEDERAL NATL MTG ASSN FN MA4071 2.00000 07/01/2040 US 307,707.49 $317,698.48
31418MDZ2 FEDERAL NATL MTG ASSN AD0119 6.00000 07/01/2038 US 13,314.91 $15,694.88
31418MG63 FEDERAL NATL MTG ASSN AD0220 6.00000 10/01/2038 US 7,094.49 $8,382.71
31418MJC7 FEDERAL NATL MTG ASSN AD0258 5.50000 03/01/2039 US 15,750.77 $18,254.09
31418MKV3 FEDERAL NATL MTG ASSN AD0307 5.50000 01/01/2039 US 26,985.86 $31,311.02
31418MQQ8 FEDERAL NATL MTG ASSN AD0462 5.50000 10/01/2024 US 1,282.02 $1,352.00
31419BBV6 FEDERAL NATL MTG ASSN AE0951 4.50000 02/01/2041 US 44,778.47 $50,052.64
315786AC7 FIDELITY & GUARA NTY LIFE 5.50000 05/01/2025 US 23,772.48 $26,209.16
316067107 FIDELITY CASH RESERVES US 15,034 $15,034.00
316773100 FIFTH THIRD BANCORP US FITB 165.94 $3,428.37
32054K103 FIRST INDUSTRIAL REALTY TR US FR 412.35 $17,586.90
33834YAA6 FIVE POINT OP CO LP/FIVE 7.87500 11/15/2025 US 18,379.78 $18,471.68
34461LAA2 FONTAINEBLEAU MIAMI BEACH TRUST 3.14400 12/10/2036 US 187,320.05 $191,874.17
345370CX6 FORD MOTOR COMPANY 9.62500 04/22/2030 US 22,174.24 $29,065.44
345397XU2 FORD MOTOR CREDIT CO LLC 4.38900 01/08/2026 US 12,584.79 $12,802.76
346232AE1 FORESTAR GROUP INC 5.00000 03/01/2028 US 11,986.81 $12,111.24
34960PAB7 FORTRESS TRANS & INFRAST 6.50000 10/01/2025 US 13,585.06 $13,177.50
34960PAC5 FORTRESS TRANS & INFRAST 9.75000 08/01/2027 US 11,986.81 $12,781.18
35166FAA0 FOXTROT ESCROW ISSUER 12.25000 11/15/2026 US 14,384.18 $15,701.34
357081AE8 FREMF 2015-K720 B FLT 3.50986 07/25/2022 US 159,052.4 $164,166.12
36166LAA5 GEMS MENASA KY LTD/GEMS 7.12500 07/31/2026 AE 11,986.81 $11,567.28
36223NTR5 GNMA POOL 312960 9.00000 09/15/2021 US 3.17 $3.18
36237HAA9 G-III APPAREL GROUP LTD 7.87500 08/15/2025 US 19,178.9 $19,059.03
36257MAA3 GSMS 2019-70P A 1.16188 10/15/2036 US 156,806.98 $150,915.53
369550108 GENERAL DYNAMICS CORP US GD 47.53 $7,098.91
369604BQ5 GENERAL ELECTRIC CO 5.00000 01/21/2021 US 281,159.35 $220,580.76
370334104 GENERAL MLS INC US GIS 120.61 $7,712.94
372460105 GENUINE PARTS CO US GPC 40.94 $3,865.97
37255LAA5 GENWORTH MORTGAGE HLDING 6.50000 08/15/2025 US 19,178.9 $20,212.26
374297109 GETTY REALTY CORP US GTY 408.08 $11,952.57
375558103 GILEAD SCIENCES INC US GILD 179.21 $11,962.57
37953TAB1 GLOBAL SHIP LEASE INC 9.87500 11/15/2022 MH 31,964.84 $31,285.58
38217TAA3 GOODG 2020-1A MTGE 2.63000 04/15/2055 US 197,320.15 $198,711.54
38379RRX3 GNR 2017-54 AH MTGE 2.60000 12/16/2056 US 176,733.17 $185,300.87
384802104 WW GRAINGER INC US GWW 9.67 $3,535.27
388689101 GRAPHIC PACKAGING HOLDING CO US GPK 36,314.76 $507,680.36
400506101 GRUPO AEROPORTUARIO PAC-ADR MX PAC 144.91 $11,227.87
40051E202 GRUPO AEROPORTUARIO DEL SURESTE MX ASR 115.13 $13,063.05
4012250 AIRBUS SE FR AIR FP 81.63 $6,712.63
4031976 ADIDAS AG DE ADS GR 928.45 $282,522.46
404119BX6 HCA INC 4.12500 06/15/2029 US 246,041.77 $283,481.94
416515104 HARTFORD FINL SVCS US HIG 87.79 $3,551.08
418751AD5 HAT HOLDINGS I LLC/HAT 3.75000 09/15/2030 US 12,987.08 $13,052.02
421946104 HEALTHCARE REALTY TRUST INC US HR 221.59 $6,392.77
42225P501 HEALTHCARE TRUST OF AMERICA US HTA 392.13 $10,348.20
42250P103 HEALTHPEAK PROPERTIES INC US PEAK 961.06 $26,563.74
427866108 HERSHEY CO/THE US HSY 42.14 $6,262.95
431571AB4 HILLENBRAND INC 4.50000 09/15/2026 US 18,379.78 $19,712.31
43300A203 HILTON WORLDWIDE HOLDINGS INC US HLT 3,371.97 $304,691.12
437076102 HOME DEPOT INC US HD 109.78 $31,290.44
438516106 HONEYWELL INTERNATIONAL INC US HON 91.43 $15,135.61
440452100 HORMEL FOODS CORP US HRL 86.03 $4,385.77
443201AA6 HOWMET AEROSPACE INC 6.87500 05/01/2025 US 19,178.9 $21,800.15
444454AD4 HUGHES SATELLITE SYSTEMS 5.25000 08/01/2026 US 11,986.81 $13,095.59
450913AE8 IAMGOLD CORP 7.00000 04/15/2025 CA 23,772.48 $24,961.10
452308109 ILLINOIS TOOL WKS INC US ITW 53.37 $10,542.92
45337C102 INCYTE CORP US INCY 1,631.75 $157,218.95
45569LAA9 INDIGO NATURAL RES LLC 6.87500 02/15/2026 US 12,785.93 $13,073.62
45682RAA8 INFRABUILD AUSTRALIA PTY 12.00000 10/01/2024 AU 19,178.9 $18,219.96
45778Q107 INSPERITY INC US NSP 4,157.83 $280,113.21
458140100 INTEL CORP US INTC 420.67 $21,433.21
45857P806 INTERCONTINENTAL HOTELS-ADR GB IHG 2,223.42 $128,869.50
45866F104 INTERCONTINENTALEXCHANGE INC US ICE 5,343.81 $567,673.35
459200101 INTERNATIONAL BUSINESS MACH CORP US IBM 119.01 $14,675.07
459506101 INTERNATIONAL FLVRS & FRAGRANCES US IFF 20.23 $2,504.04
46116VAE5 INTL FC STORE INC 8.62500 06/15/2025 US 30,366.59 $32,871.84
46187BAA1 IHSFR 2017-SFR2 A 1.01188 12/17/2036 US 74,407.93 $73,857.60
46187BAB9 IHSFR 2017-SFR2 B 1.31188 12/17/2036 US 61,526.84 $61,422.17
46187W107 INVITATION HOMES INC US INVH 1,281.42 $36,687.07
46284VAN1 IRON MOUNTAIN INC 4.50000 02/15/2031 US 12,785.93 $13,123.10
465410BX5 ITALY GOV'T INT BOND 2.37500 10/17/2024 IT 79,912.09 $82,646.33
46625H100 JP MORGAN CHASE & CO US JPM 266.44 $26,694.91
46639GAL0 JPMMT 2013-1 1A2 3.00000 03/25/2043 US 45,973.29 $46,788.58
46640BAC8 JPMMT 2013-2 A2 3.50000 05/25/2043 US 51,924.21 $54,284.05
46641YAA1 JPMMT 2014-2 1A1 3.00000 06/25/2029 US 84,322.93 $85,292.06
46647PBP0 JPMORGAN CHASE & CO 2.95600 05/13/2031 US 352,992.76 $379,669.66
46647SAJ9 JPMMT 2017-3 1A5 3.50000 08/25/2047 US 54,056.72 $54,263.64
478160104 JOHNSON & JOHNSON US JNJ 5,464.81 $838,356.90
47987LAA9 JONAH NRG LLC/FINANCE 7.25000 10/15/2025 US 14,384.18 $2,013.78
48088LAB3 JOSEPH T RYERSON & SON 8.50000 08/01/2028 US 11,187.69 $12,222.55
482480100 KLA-TENCOR CORPORATION US KLAC 33.18 $6,806.64
487526AB1 KEHE DISTRIBUTORS LLC/FI 8.62500 10/15/2026 US 19,178.9 $20,857.06
49427F108 KILROY REALTY CORP US KRC 342.08 $20,018.28
494368103 KIMBERLY CLARK CORP US KMB 60.28 $9,510.46
494550AW6 KINDER MORGAN ENER PART 6.95000 01/15/2038 US 262,817.84 $349,618.25
501044101 KROGER CO US KR 170.18 $6,072.04
505742AG1 LADDER CAP FIN LLLP/CORP 5.25000 10/01/2025 US 18,379.78 $17,460.79
5107401 BEIERSDORF AG DE BEI GR 273.64 $31,629.57
512816109 LAMAR ADVERTISING CO-A US LAMR 144.48 $10,002.30
53223X107 LIFE STORAGE INC US LSI 162.63 $17,146.17
532457108 ELI LILLY & CO US LLY 85.71 $12,718.43
539473AE8 LLOYDS BANK PLC 12.00000 12/16/2024 GB 15,982.42 $18,676.22
539830109 LOCKHEED MARTIN CORP US LMT 37.34 $14,571.56
541056AA5 LOGAN MERGER SUB INC 5.50000 09/01/2027 US 10,388.57 $10,593.12
54238XAC2 LONESTAR RESOURCES AMERICA 11.25000 01/01/2023 US 21,375.12 $3,420.02
550021109 LULULEMON - ADR CA LULU 745.9 $280,212.40
552697AQ7 MDC PARTNERS INC 6.50000 05/01/2024 CA 12,785.93 $12,210.57
552848AG8 MGIC INVESTMENT CORP 5.25000 08/15/2028 US 19,178.9 $20,137.85
56585A102 MARATHON PETROLEUM CORP US MPC 154.83 $5,490.15
573284106 MARTIN MARIETTA MATERIALS US MLM 600.46 $121,814.69
57636Q104 MASTERCARD INC-CLASS A US MA 3,150.44 $1,128,454.90
577128AA9 MATTHEWS INTERNATIONAL C 5.25000 12/01/2025 US 3,995.6 $3,775.85
58933Y105 MERCK & CO INC US MRK 269.4 $22,971.85
594918104 MICROSOFT CORP US MSFT 2,325.73 $524,522.04
595112103 MICRON TECHNOLOGY INC US MU 13,538.83 $616,152.37
59522J103 MID-AMERICA APARTMENT COMM US MAA 217.28 $25,447.84
609207105 MONDELEZ INTERNATIONAL INC US MDLZ 9,313.98 $544,122.64
615369105 MOODY'S CORPORATION US MCO 732.11 $215,707.82
61965RAA3 MOSS CREEK RESOURCES HLD 7.50000 01/15/2026 US 19,178.9 $13,137.55
62426EAA3 MOUNTAIN PROVINCE DIAMON 8.00000 12/15/2022 CA 6,392.97 $4,666.87
6253983 ARISTOCRAT LEISURE LTD AU ALL AU 452.81 $9,433.02
62913TAJ1 NGL ENRGY PART LP/FIN CO 7.50000 11/01/2023 US 11,986.81 $8,750.37
6321954 TRAVELSKY TECHNOLOGY LTD-H CN 696 HK 481.66 $1,000.23
63938CAH1 NAVIENT CORP 6.75000 06/25/2025 US 18,977.75 $19,784.31
63938EAC8 NAVSL 2014-1 A3 FLT 0.68513 06/25/2031 US 32,286.15 $31,178.19
63938NAF1 NAVIOS SA LOGIST/FIN US 10.75000 07/01/2025 MH 7,192.09 $7,785.44
64033QAB5 NSLT 2015-2A A2 0.77513 09/25/2047 US 188,540.47 $182,220.60
64110D104 NETAPP INC US NTAP 55.29 $2,620.07
644393AA8 NEW FORTRESS ENERGY INC 6.75000 09/15/2025 US 24,973.9 $25,341.01
64829DAG1 NRZT 2014-3A AFX3 3.75000 11/25/2054 US 65,628.82 $70,259.57
64829EAA2 NRZT 2015-2A A1 3.75000 08/25/2055 US 94,961.61 $102,521.62
64829LAA6 NRZT 2016-4A A1 3.75000 11/25/2056 US 178,925.88 $191,896.97
655844108 NORFOLK SOUTHN CORP US NSC 33.22 $7,060.39
6642321 NIKON CORP JP 7731 JP 25,268.38 $197,894.22
66727WAA0 NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 CA 60,330.89 $965.29
66987V109 NOVARTIS AG- REG CH NVS 9,202.96 $792,006.62
670346105 NUCOR CORP US NUE 86.07 $3,912.71
67401PAB4 OAKTREE SPECIALTY LEND 3.50000 02/25/2025 US 11,986.81 $12,066.74
6742340 SHANDONG WEIGAO CN 1066 HK 16,791.38 $39,125.26
674599EA9 OCCIDENTAL PETROLEUM COR 8.87500 07/15/2030 US 11,986.81 $13,545.10
675232AB8 OCEANEERING INTL INC 6.00000 02/01/2028 US 17,580.66 $11,093.40
6821506 SONY CORP FIRST SECTION JP 6758 JP 239.85 $18,780.97
682189AQ8 ON SEMICONDUCTOR CORP 3.87500 09/01/2028 US 11,986.81 $12,508.00
68389X105 ORACLE CORP US ORCL 246.01 $14,076.96
68555PAA8 ORBCOMM INC 8.00000 04/01/2024 US 19,178.9 $18,651.48
69144AAA7 OXFIN 2020-1A A2 3.10100 02/15/2028 US 32,183.52 $32,646.73
69145LAA2 OXFORD FIN LLC/CO-ISS II 6.37500 12/15/2022 US 3,995.6 $3,807.29
69327RAJ0 PDC ENERGY INC 5.75000 05/15/2026 US 11,785.67 $12,056.74
693456AW5 PMTLT 2013-J1 a9 3.50000 09/25/2043 US 122,268.12 $128,835.59
693475105 PNC FINANCIAL SERVICES GROUP US PNC 53.45 $5,943.51
693506107 PPG INDUSTRIES INC US PPG 37.34 $4,495.50
69354NAC0 PRA GROUP INC 7.37500 09/01/2025 US 17,781.81 $18,953.63
701094104 PARKER HANNIFIN CORP US PH 22.79 $4,694.23
7021963 DEUTSCHE BOERSE AG DE DB1 GR 298.83 $56,533.72
70450Y103 PAYPAL HOLDINGS INC US PYPL 1,685.33 $344,044.11
7123870 NESTLE SA-REGISTERED CH NESN SW 4,969.59 $598,573.38
713448108 PEPSICO INC US PEP 1,875.06 $262,621.41
717081103 PFIZER INC US PFE 618 $23,354.08
719245AD4 PHOTO HOLDINGS MERGER SU 8.50000 10/01/2026 US 15,982.42 $14,688.80
71943U104 PHYSICIANS REALTY TRUST US DOC 412.99 $7,495.85
723787107 PIONEER NATURAL RESOURCES CO US PXD 3,937.91 $409,267.07
741503AZ9 BOOKING HOLDINGS INC 3.60000 06/01/2026 US 488,495.69 $548,400.38
74166MAE6 PRIME SECSRVC BRW/FINANC 6.25000 01/15/2028 US 11,986.81 $12,586.15
74340W103 PROLOGIS US PLD 847.89 $86,366.44
74460D109 PUBLIC STORAGE INC US PSA 115.05 $24,437.04
747525103 QUALCOMM INC US QCOM 117.17 $13,955.07
74834L100 QUEST DIAGNOSTICS INC US DGX 34.42 $3,828.87
750236AW1 RADIAN GROUP INC 4.87500 03/15/2027 US 27,170.11 $27,251.62
75513E101 RAYTHEON TECHNOLOGIES CORP US RTX 194.13 $11,841.69
756109104 REALTY INCOME CORP US O 143.87 $8,924.55
758849103 REGENCY CENTERS CORP US REG 101.82 $4,043.28
7591EP100 REGIONS FINANCIAL CORP. US RF 241.22 $2,788.48
76131D103 RESTAURANT BRANDS INTERN CA QSR 715.76 $38,751.42
76169C100 REXFORD INDUSTRIAL REALITY IN US REXR 385.41 $18,491.97
7698356 GETINGE AB-B SHS SE GETIB SS 1,515.58 $33,768.79
773903109 ROCKWELL AUTOMATION INC US ROK 23.67 $5,455.72
778296AE3 ROSS STORES INC 5.45000 04/15/2050 US 112,213.62 $144,285.36
780259107 ROYAL DUTCH SHELL PLC-ADR B NL RDS/B 3,189.48 $89,624.38
783513203 RYANAIR HOLDINGS - ADR IE RYAAY 4,989.34 $403,637.23
78403DAP5 SBA TOWER TRUST 1.88400 01/15/2026 US 206,898.98 $208,297.47
78409V104 S&P GLOBAL INC US SPGI 511.4 $187,385.69
78410G104 SBA COMMUNICATIONS CORP US SBAC 1,164.45 $356,402.35
78442PGC4 SLM CORP 5.12500 04/05/2022 US 27,969.23 $28,808.31
78449UAB4 SMB 2020-A A2A MTGE 2.23000 09/15/2037 US 42,442.01 $43,935.01
78449XAA0 SMB 2020-BA A1A 1.29000 07/15/2053 US 303,300.79 $302,939.01
78490DAA2 SOFI 2018-C A1FX 3.08000 01/25/2048 US 58,288.5 $58,659.41
785592AV8 SABINE PASS LIQUEFACTION 5.87500 06/30/2026 US 391,383.36 $470,725.65
79466L302 SALESFORCE.COM US CRM 2,150 $586,197.66
806857108 SCHLUMBERGER LTD NL SLB 8,006.78 $152,208.89
81141R100 SEA LTD - ADR SG SE 158.91 $24,283.25
81745BAB1 SEMT 2013-6 A2 3.00000 05/25/2043 US 141,843.15 $148,398.23
81745CAB9 SEMT 2013-7 A2 3.00000 06/25/2043 US 59,460.5 $61,159.22
81745EAA7 SEMT 2013-8 A1 3.00000 06/25/2043 US 78,621.98 $80,880.83
81745MAA9 SEMT 2013-2 1.87400 02/25/2043 US 61,508.29 $61,959.19
81762P102 SERVICENOW INC US NOW 531.66 $256,271.44
83088M102 SKYWORKS SOLUTIONS INC US SWKS 30.42 $4,406.65
832696405 JM SMUCKER CO/THE-NEW COM WI US SJM 29.54 $3,550.42
83401BAB2 SOFI 2017-F A2FX 2.84000 01/25/2041 US 31,422.72 $32,274.31
83404RAB4 SOFI 2018-B A2FX MTGE 3.34000 08/25/2047 US 142,232.59 $146,859.94
83404YAA1 SCLP 2016-5 A 3.06000 09/25/2028 US 1,072.8 $1,074.87
83406EAB1 SOFI 2018-A A2A 2.39000 02/25/2042 US 3,714.92 $3,718.32
83406TAB8 SOFI 2020-A A2FX MTGE 2.54000 05/15/2046 US 26,752.55 $27,817.70
844741BJ6 SOUTHWEST AIRLINES CO 5.25000 05/04/2025 US 282,713.86 $308,562.26
85172FAN9 SPRINGLEAF FINANCE CORP 7.12500 03/15/2026 US 12,785.93 $14,671.80
85254J102 STAG INDUSTRIAL INC US STAG 299.82 $9,684.26
854502101 STANLEY WORKS/THE US SWK 26.82 $4,326.78
85571BAL9 STARWOOD PROPERTY TRUST 4.75000 03/15/2025 US 19,178.9 $18,459.69
85571XAA5 SRPT 2014-STAR A FLTG RATE 1.63188 11/15/2027 US 233,688.6 $163,633.36
861036AA9 STL HOLDING CO LLC 7.50000 02/15/2026 US 17,580.66 $17,800.42
866674104 SUN COMMUNITIES US SUI 252.06 $37,576.75
86935CAA0 SCML 2019-SBC8 2.86000 04/25/2041 US 204,221.09 $205,842.41
87105L104 SWITCH INC - A US SWCH 984.33 $16,930.45
871829107 SYSCO CORP US SYY 4,698.16 $282,547.07
872540AU3 TJX COS INC 4.50000 04/15/2050 US 166,118.74 $211,336.76
87422VAJ7 TALEN ENERGY SUPPLY LLC 7.62500 06/01/2028 US 17,580.66 $18,167.68
87677QAA9 TXEZ 2016-1A 3.13100 06/15/2028 US 34,443 $34,512.74
87854WAA1 TECHNIPLAS LLC 10.00000 05/01/2020 US 8,790.33 $1,955.85
88032WAN6 TENCENT HOLDINGS 3.97500 04/11/2029 KY 308,231.05 $355,695.66
88146M101 TERRENO REALTY CORP US TRNO 217.43 $12,967.46
882508104 TEXAS INSTRUMENTS INC US TXN 118.17 $16,797.89
883556102 THERMO FISHER SCIENTIFIC INC US TMO 603.63 $258,943.50
88579Y101 3M CO US MMM 84.35 $13,750.81
89151E109 TOTAL S A SPONSORED ADR FR TOT 5,891.01 $233,107.38
89173CAA5 TPMT 2016-5 A1 2.50000 10/25/2056 US 216,102.06 $220,664.28
89173FAA8 TPMT 2017-1 A1 2.75000 10/25/2056 US 125,355.98 $128,887.96
89177EAA7 TPMT 2019-HY1 A1 1.17513 10/25/2048 US 112,573.12 $112,338.81
892231AA9 TOWNSQUARE MEDIA INC 6.50000 04/01/2023 US 17,459.97 $16,106.82
89417E109 TRAVELLERS COS INC US TRV 48.41 $5,617.81
89613BAA5 TAH 2016-SFR1 A 2.58900 11/17/2033 US 312,355.55 $313,177.77
89613FAA6 TAH 2017-SFR2 A 2.92800 01/17/2036 US 138,603.36 $143,620.80
89613GAA4 TAH 2020-SFR1 A 1.49900 07/17/2038 US 49,884.45 $49,874.28
89832Q109 TRUIST FINANCIAL CORP US TFC 236.94 $9,195.66
901109AF5 TUTOR PERINI CORP 6.87500 05/01/2025 US 31,165.72 $29,997.00
902494103 TYSON FOODS INC -CL A US TSN 71.4 $4,483.80
902653104 UDR INC US UDR 205.48 $7,152.65
902973304 U.S. BANCORP US USB 251.97 $9,171.77
904767704 UNILEVER PLC - ADR GB UL 14,605.83 $870,215.18
907818108 UNION PAC CORP US UNP 90.75 $17,463.29
91086QBG2 UNITED MEXICAN STATES 4.12500 01/21/2026 MX 31,964.84 $35,656.77
9127963S6 TREASURY BILL 0.00000 07/15/2021 US 397,822.34 $397,349.42
912810FS2 TSY INFL IX N/B 2.00000 01/15/2026 US 1,117,265.96 $1,329,699.24
912810RX8 US TREASURY N/B 3.00000 05/15/2047 US 686,124.73 $927,822.89
912828D56 US TREASURY N/B 2.37500 08/15/2024 US 655,977.39 $712,017.33
912828K74 US TREASURY N/B 2.00000 08/15/2025 US 321,432.89 $348,767.24
912828R36 US TREASURY N/B 1.62500 05/15/2026 US 871,845.97 $934,543.96
912828YN4 US TREASURY FRN FLT 0.40503 10/31/2021 US 1,109,152.32 $1,112,738.52
912828ZJ2 TSY INFL IX N/B 0.12500 04/15/2025 US 819,186.17 $880,913.13
91704F104 URBAN EDGE PROPERTIES US UE 652.43 $6,889.69
918204108 VF CORP US VFC 82.47 $5,422.51
91913Y100 VALERO ENERGY US VLO 86.75 $4,562.12
92343VDU5 VERIZON COMMUNICATIONS 5.25000 03/16/2037 US 433,720.37 $589,173.09
92826C839 VISA INC - CLASS A SHARES US V 5,058.1 $1,072,266.94
92826CAK8 VISA INC 2.70000 04/15/2040 US 337,021.27 $364,037.95
928668BE1 VOLKSWAGEN GROUP AMERICA 3.35000 05/13/2025 US 207,042.25 $227,561.22
929160109 VULCAN MATERIALS CO US VMC 2,128.98 $255,478.08
93065PAA9 WBHT 2019-WBM A FLT 1.21188 12/15/2033 US 170,636.92 $162,098.82
931142103 WAL MART STORES US WMT 236.06 $32,777.07
94106L109 WASTE MANAGEMENT INC US WM 74.28 $8,467.47
949746101 WELLS FARGO COMPANY US WFC 533.29 $12,878.85
95040Q104 WELLTOWER INC. US WELL 319.23 $18,362.33
95081QAP9 WESCO DISTRIBUTION INC 7.25000 06/15/2028 US 18,379.78 $20,502.37
962178AN9 TRI POINTE GROUP / HOMES 5.87500 06/15/2024 US 17,781.81 $19,293.26
966387AH5 WHITING PETROLEUM CORP 5.75000 03/15/2021 US 62,331.43 $14,024.57
96949LAD7 WILLIAMS PARTNERS LP 3.75000 06/15/2027 US 283,127.08 $312,812.69
97652TAA1 WIN 2015-1 A1 3.50000 01/20/2045 US 65,121.7 $67,049.30
98311A105 WYNDHAM HOTELS & RESORTS INC US WH 285.99 $14,974.34
983919101 XILINX INC US XLNX 40.94 $4,263.87
B02J639 ADMIRAL GROUP PLC GB ADM LN 1,697.74 $59,236.91
B1KFX13 GRUPO AEROPORTUARIO DEL CENT MX OMAB MM 2,270.71 $10,398.84
B1Y47Y7 GERRESHEIMER AG DE GXI GR 337.01 $39,754.76
B1Y9TB3 DANONE FR BN FP 689.07 $45,310.96
B3QJ0H8 TOURMALINE OIL CORP CA TOU CN 2,963.44 $37,646.45
B3ZD2V9 MEX BONOS DESARR FIX RT 6.50000 06/10/2021 MX 391,131.88 $18,133.06
B4888C1 CANADIAN GOVERNMENT FLT 2.75000 06/01/2022 CA 64,375.7 $51,504.51
B4NDCC9 MEX BONOS DESARR FIX RT 6.50000 06/09/2022 MX 603,090.27 $28,473.29
B4YVF56 BRENNTAG AG DE BNR GR 505.94 $31,700.42
B63QM77 NEXON CO LTD JP 3659 JP 23,168.76 $542,135.19
B6TC406 MEX BONOS DESARR FIX RT 7.75000 05/29/2031 MX 179,938.88 $9,292.16
BBG00W89CJ51 BABA US 09/04/20 P240 CN -7.16 -$42.94
BBG00WD4YYY7 COG US 09/11/20 C20 US -86.36 -$863.55
BBG00WD57V16 CRM US 09/11/20 C230 US -7.52 -$30,139.60
BBG00WDJ9S48 PYPL US 09/11/20 P195 US -8.76 -$1,313.34
BBG00WN64F39 FB US 09/11/20 C282.5 US -6.12 -$9,909.26
BBQ3850 KEYWORDS STUDIOS PLC IE KWS LN 322.01 $9,461.22
BD6K457 COMPASS GROUP PLC GB CPG LN 148.73 $2,406.73
BGHQ198 HIBERNIA REIT PLC IE HBRN ID 6,343.25 $9,016.25
BH8295835 SAUDI INTERNATIONAL BOND 2.90000 10/22/2025 SA 31,964.84 $33,884.01
BHJYC05 INTERCONTINENTAL HOTELS GROUP GB IHG LN 292.9 $16,911.57
BJ2KSG2 AKZO NOBEL NL AKZA NA 297.28 $29,342.10
BJVB695 BUONI POLIENNALI DEL TES 2.45000 09/01/2050 IT 74,715.07 $97,027.59
BK0939417 AMERICAN TANKER INC 7.75000 07/02/2025 US 31,964.84 $32,166.21
BMMV2K8 TENCENT HOLDINGS LTD CN 700 HK 8,464.89 $578,307.29
BNGN9Z1 FINECOBANK SPA IT FBK IM 3,947.65 $59,761.77
BP9DL90 INDUSTRIA DE DISENO TEXTIL ES ITX SM 1,305.01 $36,693.02
BVYVFW2 AUTO TRADER GROUP PLC GB AUTO LN 2,693.44 $20,135.96
BYPC1T4 ASSA ABLOY AB-B SE ASSAB SS 843.74 $19,546.42
BYYHL23 ANHEUSER-BUSCH INBEV SA/NV BE ABI BB 5,168.96 $300,416.73
BZ0VW78 BINGO INDUSTRIES LTD AU BIN AU 12,717.84 $20,818.26
BZ1HM42 ADYEN NV NL ADYEN NA 8.39 $14,148.48
G0772R208 BANK OF N.T. BUTTERFIELD&SON BM NTB 725.58 $18,284.67
G1151C101 ACCENTURE PLC - CL A IE ACN 212.87 $51,074.45
G29183103 EATON CORP PLC US ETN 78.27 $7,991.76
G51502105 JOHNSON CONTROLS INTERNATIONAL US JCI 172.54 $7,027.51
G5494J103 LINDE PLC GB LIN 51.81 $12,938.85
G5960L103 MEDTRONIC INC IE MDT 3,088.83 $331,956.82
G85158106 STONECO LTD-A BR STNE 85.69 $4,370.12
G8994E103 TRANE TECHNOLOGIES IE TT 39.94 $4,728.09
G97822103 PERRIGO CO PLC IE PRGO 566.48 $29,626.65
H01301128 ALCON INC CH ALC 12,172.64 $697,979.44
H1467J104 CHUBB LTD CH CB 69.28 $8,659.89
H2906T109 GARMIN LTD CH GRMN 35.26 $3,653.21
N53745100 LYONDELLBASELL INDU-CL A US LYB 76.12 $4,984.05
USD US DOLLAR US 2,958,931.55 $2,958,931.55
ZO1818103 NAVIGATOR HOLDINGS LTD 8.00000 09/10/2025 MH 23,973.63 $24,031.40

Based on the investments of the underlying fund(s): Manning & Napier Pro-Mix® Extended Term CIT Fund and Manning & Napier Pro-Mix® Moderate Term CIT Fund. Investments will change over time and as the target date fund gradually becomes more conservative. Fund holdings list does not include securities with positions less than 0.005 shares.

A Word About Risk

Each Manning & Napier Retirement Target CIT Fund is invested in one or two of four proprietary risk-based funds, the Manning & Napier Pro-Mix® CIT Funds, based on the Retirement Target CIT Fund becoming increasingly conservative over time. Because the underlying funds invest 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 target date funds will also involve a number of other risks, including issuer-specific risk, foreign investment risk, and small-cap/mid-cap risk, as the underlying investments change over time. 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. Principal value is not guaranteed at any time, including at the target date (the approximate year when an investor plans to stop contributions and start periodic withdrawals).

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 40 years of experience managing life cycle 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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