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 moderately growth-oriented mix of investments that seeks potential for growth with some stability. The portfolio is diversified among various stock investments and fixed income securities, which will typically be intermediate to long-term maturities. Stock exposure can range from 30% - 70%.

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 2030
  • Who have some time to pursue growth 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

$28.92

Daily $ Change

$0.02

Daily % Change

0.07%

as of 09/24/2020

CUSIP

563821164

Inception Date

01/06/2005

This fund is only available 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

11.36%

1 Year

16.04%

3 Year

9.52%

5 Year

8.92%

10 Year

9.01%

Inception
(01/01/2000)

7.17%

Performance through the inception date of the Retirement Target CIT Class S Units 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. The Retirement Target CIT Fund will gradually become more conservative over time. Returns are net of the Class S expenses. Performance data quoted represents past performance and does not guarantee future results. Performance for periods greater than one year is annualized. Your investment may fluctuate in value and there is a potential for loss as well as profit.

Expense Ratio

Gross 0.89%
Net 0.89%*

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

Top Ten Investments

As of 08/31/2020

GOVERNMENT AGENCY 5.30%
TREASURY NOTES 3.45%
TREASURY BONDS 2.34%
VISA INC - CLASS A SHARES 2.25%
MASTERCARD INC-CLASS A 2.20%
EXPEDIA INC 1.69%
NOVARTIS AG- REG 1.69%
UNILEVER PLC - ADR 1.68%
JOHNSON & JOHNSON 1.66%
CABOT OIL & GAS CORP 1.64%

This investment list is unaudited and excludes cash.

Asset Allocation

As of 08/31/2020

Stocks 56.99%
Bonds 37.22%
Cash 5.79%

Detailed Asset Class Allocation

As of 08/31/2020

International Equities 16.58%
Small Capitalization 2.29%
Mid Capitalization 7.71%
Large Capitalization 30.40%
Long Term Fixed Income 13.92%
Intermediate Term Fixed Income 19.55%
Short Term Fixed Income 3.76%
Cash 5.79%

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 220,530.3 $258,526.66
00287Y109 ABBVIE INC US ABBV 562.73 $53,892.89
00507V109 ACTIVISION INC US ATVI 17,421.89 $1,455,076.53
00653VAA9 ADAPTHEALTH LLC 6.12500 08/01/2028 US 49,429.2 $51,777.09
00774MAG0 AERCAP IRELAND CAP / GLOBA 4.45000 10/01/2025 IE 661,590.89 $663,078.06
00791GAA5 AG MERGER SUB II INC 10.75000 08/01/2027 US 45,626.96 $46,539.50
008492100 AGREE REALTY CORP US ADC 657.79 $44,019.22
00912XAV6 AIR LEASE CORP 3.62500 04/01/2027 US 562,732.48 $563,911.06
01166WAA5 ALASKA AIR 2020-1 CL B 8.00000 08/15/2025 US 51,330.33 $53,289.53
013822AC5 ALCOA NEDERLAND HOLDING 6.12500 05/15/2028 NL 39,923.59 $43,117.47
015271109 ALEXANDRIA REAL EST EQUITIES US ARE 155.13 $26,121.07
01609W102 ALIBABA GROUP - ADR CN BABA 5,760.4 $1,653,408.59
01609WAT9 ALIBABA GROUP HOLDING 3.40000 12/06/2027 KY 787,065.02 $891,456.04
020002101 ALLSTATE CORPORATION US ALL 167.3 $15,558.79
02079K305 ALPHABET INC-CL A US GOOGL 901.13 $1,468,422.30
023135106 AMAZON.COM INC US AMZN 646.38 $2,230,638.08
02319V103 AMBEV SA-ADR BR ABEV 18,253.44 $41,070.25
0237400 DIAGEO PLC GB DGE LN 19,021.5 $635,532.57
02406PBA7 AMERICAN AXLE & MFG INC 6.87500 07/01/2028 US 28,516.85 $29,699.16
024835100 AMERICAN CAMPUS COMMUNITIES US ACC 1,379.46 $46,763.53
02665T306 AMERICAN HOMES 4 RENT- A US AMH 2,868.8 $82,162.29
03027X100 AMERICAN TOWER REIT INC US AMT 3,604.53 $898,068.56
03027XAW0 AMERICAN TOWER CORP 3.80000 08/15/2029 US 661,590.89 $765,304.57
03064D108 AMERICOLD REALTY TRUST US COLD 1,811.39 $69,466.81
03217CAA4 AMS AG 7.00000 07/31/2025 AT 76,044.93 $79,086.73
032654105 ANALOG DEVICES INC US ADI 143.72 $16,798.57
03690AAD8 ANTERO MIDSTREAM PART / FI 5.75000 03/01/2027 US 49,429.2 $44,115.56
03690AAF3 ANTERO MIDSTREAM PART/FI 5.75000 01/15/2028 US 32,319.1 $28,844.79
03748R754 APARTMENT INVT & MGMT CO -A US AIV 1,152.08 $41,509.47
03784Y200 APPLE HOSPITALITY REIT INC US APLE 4,129.24 $41,994.37
039483102 ARCHER-DANIELS-MIDLAND CO US ADM 330.04 $14,772.37
053015103 AUTOMATIC DATA PROCESSING US ADP 141.06 $19,620.50
053484101 AVALONBAY COMMUNITIES INC US AVB 349.81 $55,290.44
05401AAJ0 AVOLON HOLDINGS FNDG LTD 3.25000 02/15/2027 KY 330,795.44 $284,410.94
055622104 BP PLC-SPONS ADR GB BP 1,201.51 $25,147.60
05722G100 BAKER HUGHES CO US BKR 740.3 $10,571.45
060505104 BANK OF AMERICA CORP US BAC 2,415.95 $62,186.49
06051GFM6 BANK OF AMERICA CORP 4.00000 01/22/2025 US 342,202.18 $383,495.18
071734AH0 BAUSCH HEALTH COS INC 5.00000 01/30/2028 CA 38,022.46 $37,547.18
084423102 WR BERKLEY CORP US WRB 15,851.57 $983,589.64
084670702 BERKSHIRE HATHAWAY INC-CL B US BRK/B 6,885.87 $1,501,394.73
086516101 BEST BUY INC US BBY 180.23 $19,988.92
09061G101 BIOMARIN PHARMACEUTICAL INC US BMRN 6,222.38 $485,532.03
0946580 WEIR GROUP PLC/THE GB WEIR LN 4,332.66 $73,929.84
09857L108 BOOKING HOLDINGS INC US BKNG 391.63 $748,192.18
105368203 BRANDYWINE REALTY TRUST US BDN 2,615.95 $29,115.47
110122108 BRISTOL MYERS SQUIBB CO US BMY 783.26 $48,718.94
11680JAA0 BRUIN E&P PARTNERS LLC 8.87500 08/01/2023 US 146,386.49 $286.92
12503M108 CBOE GLOBAL MARKETS INC US CBOE 4,364.98 $400,661.42
12530MAA3 SORT 2020-1 A1 MTGE 1.69000 07/15/2060 US 285,168.48 $289,355.47
12530MAB1 SORT 2020-1 A2 1.99000 07/15/2060 US 237,442.37 $241,702.68
12541W209 C.H. ROBINSON WORLDWIDE INC US CHRW 116.35 $11,437.08
12555DAA3 CIM 2019-INV1 A1 4.00000 02/25/2049 US 110,766.99 $114,746.94
12572Q105 CME GROUP INC US CME 2,306.06 $405,567.21
12646XAH5 CSMC 2013-IVR3 A1 2.50000 05/25/2043 US 212,338.74 $216,703.76
12654TAA8 CNX MIDSTREAM PTR/CNX 6.50000 03/15/2026 US 32,319.1 $32,366.93
127097103 CABOT OIL & GAS CORP US COG 127,382.86 $2,416,452.87
131477AT8 CALUMET SPECIALTY PROD 11.00000 04/15/2025 US 30,417.97 $28,897.07
133131102 CAMDEN PROPERTY TRUST US CPT 671.86 $61,098.67
13321L108 CAMECO CORP CA CCJ 84,791.62 $981,039.01
149123101 CATERPILLAR INC US CAT 242.2 $34,467.92
14980AAA0 CAZENOVIA CREEK FUNDING LLC 3.56070 07/15/2030 US 149,343.12 $148,082.10
15135UAS8 CENOVUS ENERGY INC 5.37500 07/15/2025 CA 7,604.49 $7,740.37
16119P108 CHARTER COMMUNICATIONS INC-A US CHTR 2,395.42 $1,474,641.60
166764100 CHEVRON CORP US CVX 3,391.6 $284,657.31
172062101 CINCINNATI FINANCIAL CORP US CINF 91.63 $7,276.67
17275R102 CISCO SYSTEMS INC US CSCO 1,373.37 $57,983.74
172967424 CITIGROUP INC US C 728.51 $37,241.45
172967KA8 CITIGROUP INCA 4.45000 09/29/2027 US 585,545.96 $680,717.52
191216100 COCA COLA CO/THE US KO 43,216.33 $2,140,504.99
194162103 COLGATE-PALMOLIVE CO US CL 397.33 $31,492.75
20030N101 COMCAST CORP-CL A US CMCSA 1,046.38 $46,888.21
20030NCY5 COMCAST CORP 3.25000 11/01/2039 US 509,501.03 $565,535.34
20369C106 COMMUNITY HEALTHCARE TRUST I US CHCT 903.41 $42,189.42
20449X401 COMPASS GROUP PLC ADR GB CMPGY 52,450.09 $841,823.93
205887102 CONAGRA BRAND INC. US CAG 351.33 $13,476.93
20605P101 CONCHO RESOURCES INC US CXO 18,564.47 $964,981.07
20825C104 CONOCOPHILLIPS US COP 13,674.4 $518,122.99
21036P108 CONSTELLATION BRANDS INC-A US STZ 81.37 $15,010.78
217204106 COPART INC US CPRT 7,224.27 $746,411.40
222795502 COUSINS PROPERTIES INC US CUZ 2,231.16 $66,600.07
22534GAA1 CAALT 2020-1A 2.01000 02/15/2029 US 353,608.92 $362,178.25
22822V101 CROWN CASTLE INTL CORP US CCI 495.43 $80,879.39
22822VAN1 CROWN CASTLE INTL CORP 3.10000 11/15/2029 US 380,224.65 $417,917.97
22944PAA5 CSMC 2013-TH1 A1 2.13000 02/25/2043 US 132,718.4 $136,054.83
229663109 CUBESMART US CUBE 944.86 $29,876.42
231021106 CUMMINS INC US CMI 101.14 $20,961.21
253868103 DIGITAL REALTY TRUST INC US DLR 792.77 $123,394.40
254687FW1 WALT DISNEY COMPANY/THE 2.20000 01/13/2028 US 231,937.03 $245,430.58
25470DAT6 DISCOVERY COMMUNICATIONS 5.20000 09/20/2047 US 627,370.67 $752,471.66
256746108 DOLLAR TREE STORES INC US DLTR 7,125.41 $685,963.21
25746UDG1 DOMINION ENERGY 3.37500 04/01/2030 US 346,004.43 $393,864.70
25787GAC4 DONNELLEY FINANCIAL SOL 8.25000 10/15/2024 US 53,231.45 $55,360.71
25960P109 DOUGLAS EMMETT INC US DEI 1,413.3 $39,459.20
260003108 DOVER CORP US DOV 80.61 $8,853.94
26439XAC7 DCP MIDSTREAM OPERATING 8.12500 08/16/2030 US 38,022.46 $45,151.68
264411505 DUKE RLTY INVTS INC US DRE 1,497.32 $57,721.87
26875P101 EOG RESOURCES INC US EOG 14,300.63 $648,390.53
26884L109 EQT CORP US EQT 46,235.32 $733,754.48
26884LAG4 EQT CORP 8.75000 02/01/2030 US 28,516.85 $34,148.93
2715777 QUEBECOR INC -CL B CA QBR/B CN 4,309.85 $106,858.15
277276101 EASTGROUP PROPERTIES US EGP 126.23 $16,809.40
285512109 ELECTRONIC ARTS US EA 7,684.34 $1,071,734.91
2866857 LUNDIN MINING CORP CA LUN CN 9,300.29 $58,253.85
291011104 EMERSON ELEC CO US EMR 350.95 $24,380.31
29273RAR0 ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 US 612,161.68 $659,720.17
29444U700 EQUINIX INC US EQIX 2,023.56 $1,598,163.72
29472R108 EQUITY LIFESTYLE PROPERTIES US ELS 1,014.82 $67,272.39
29476L107 EQUITY RESIDENTIAL US EQR 634.98 $35,844.35
297178105 ESSEX PROPERTY TRUST INC US ESS 75.28 $16,299.84
30212P303 EXPEDIA INC US EXPE 25,372.39 $2,490,300.14
30212PAS4 EXPEDIA GROUP INC 6.25000 05/01/2025 US 285,168.48 $313,350.47
302154BV0 EXPORT-IMPORT BANK KOREA 2.62500 12/30/2020 KR 1,169,190.79 $1,176,742.44
30225T102 EXTRA SPACE STORAGE INC US EXR 189.73 $20,215.96
30231G102 EXXON MOBIL CORP US XOM 14,146.26 $565,001.54
302491303 FMC CORP US FMC 6,832.64 $730,135.58
30264DAA7 FS ENERGY & POWER FUND 7.50000 08/15/2023 US 24,714.6 $22,243.14
30286XAN9 FREMF 2015-K43 B FLT 3.86095 02/25/2048 US 798,471.76 $868,794.44
30291HAA5 FREMF 2013-K28 X2A 0.10000 06/25/2046 US 52,194,195.8 $98,208.60
30291XAE2 FREMF 2014-K715 B FLT 4.11951 02/25/2046 US 665,393.13 $669,645.46
30303M102 FACEBOOK INC -A US FB 5,003.76 $1,467,101.36
311900104 FASTENAL CO US FAST 390.49 $19,079.38
3128M5DD9 FHLM POOL G03400 5.50000 03/01/2037 US 78,298.14 $91,110.62
3128M6NC8 FHLM POOL G04587 5.50000 08/01/2038 US 47,196 $54,621.69
3128M73P9 FHLM POOL G05906 6.00000 04/01/2040 US 33,552.68 $39,537.12
3128MB4Q7 FHLM POOL G13331 5.50000 10/01/2023 US 1,398.03 $1,452.96
3128MBDP9 FHLM POOL G12610 6.00000 03/01/2022 US 2,364.88 $2,411.75
3128MBE45 FHLM POOL G12655 6.00000 05/01/2022 US 1,649.75 $1,688.49
3128MBRH2 FHLM POOL G12988 6.00000 01/01/2023 US 1,678.53 $1,737.40
3128MBUB1 FHLM POOL G13078 6.00000 03/01/2023 US 2,605.81 $2,692.56
3128MJ2U3 FHLM GOLD POOL FG G08786 4.50000 10/01/2047 US 341,295.16 $370,225.85
3128MJJT8 FHLM POOL G08273 5.50000 06/01/2038 US 69,687.35 $80,655.38
3128P76R9 FHLM POOL C91780 4.50000 07/01/2034 US 253,777.32 $279,640.24
3132LMMM5 FHLM POOL K91364 4.50000 11/01/2033 US 126,189.07 $136,537.23
3132LNE83 FHLM POOL K92059 4.50000 09/01/2034 US 172,449.92 $187,809.97
3133A6DB4 FEDERAL NATL MTG ASSN FR QB0098 2.50000 06/01/2050 US 684,500.15 $720,215.91
3135G0Q22 FANNIE MAE 1.87500 09/24/2026 US 1,444,853.66 $1,559,372.00
3136AY6W8 FNA 2017-M15 A1 FLT 3.05797 09/25/2027 US 479,683.93 $521,340.79
3136B1YD0 FNR 2018-31 KP 3.50000 07/25/2047 US 165,320.32 $171,740.57
3137ADTK3 FHMS K014 X1 FLT 1.32366 04/25/2021 US 1,264,791.98 $5,198.55
3137AJMG6 FMHS K016 X1 FLT 1.63779 10/25/2021 US 1,429,995.44 $18,229.73
3137AME78 FHMS K017 X1 FLT 1.43314 12/25/2021 US 9,634,963.66 $106,475.98
3137AUPF0 FHMS K021 x1 FLT 1.54441 06/25/2022 US 4,522,003.55 $88,044.77
3137B3NB0 FHMS K030 X1 FLT 0.28647 04/25/2023 US 16,935,214 $69,727.36
3137B4GZ3 FHMS K032 X1 FLT 0.20559 05/25/2023 US 10,885,207.17 $30,730.03
3137F4YU0 FHR 4791 BA MTGE 4.00000 03/15/2044 US 174,309.99 $177,947.11
3137FG2L8 FHR 4801 BA MTGE 4.50000 05/15/2044 US 103,116.42 $104,514.96
3138ABBY4 FEDERAL NATL MTG ASSN AH9054 4.50000 04/01/2041 US 57,773.65 $64,258.85
3138ASSD5 FEDERAL NATL MTG ASSN AJ1415 4.50000 09/01/2041 US 28,090.19 $31,341.94
3138ETT89 FEDERAL NATL MTG ASSN AL8674 FLT 5.64300 01/01/2049 US 913,189.4 $1,078,866.13
31403DDX4 FEDERAL NATL MTG ASSN 745418 5.50000 04/01/2036 US 164,881.96 $192,896.65
31407EJW4 FEDERAL NATL MTG ASSN 828377 5.50000 06/01/2035 US 86,559.89 $101,498.11
31410FSE6 FEDERAL NATL MTG ASSN 888017 6.00000 11/01/2021 US 1,280.18 $1,298.55
31410FV51 FEDERAL NATL MTG ASSN 888136 6.00000 12/01/2021 US 1,642.84 $1,670.44
31410GCD3 FEDERAL NATL MTG ASSN 888468 5.50000 09/01/2021 US 6,678.28 $6,731.03
31410GN33 FEDERAL NATL MTG ASSN 888810 5.50000 11/01/2022 US 7,367.03 $7,434.76
31410KGB4 FEDERAL NATL MTG ASSN 889494 5.50000 01/01/2037 US 158,537.68 $186,617.17
31411JXP6 FEDERAL NATL MTG ASSN 909786 5.50000 03/01/2037 US 30,028.58 $34,762.84
31416BSW9 FEDERAL NATL MTG ASSN 995233 5.50000 10/01/2021 US 56.43 $56.70
31416BVW5 FEDERAL NATL MTG ASSN 995329 5.50000 12/01/2021 US 4,066.19 $4,100.37
31418BDH6 FEDERAL NATL MTG ASSN MA1903 4.50000 05/01/2034 US 233,640.06 $257,389.24
31418CYJ7 FEDERAL NATL MTG ASSN FN MA3412 3.50000 07/01/2038 US 138,715.69 $146,462.98
31418DNN8 FEDERAL NATL MTG ASSN FN MA3996 2.50000 04/01/2050 US 373,296.3 $386,718.28
31418DQG0 FEDERAL NATL MTG ASSN FN MA4054 2.50000 06/01/2040 US 961,809.62 $1,012,533.93
31418DQZ8 FEDERAL NATL MTG ASSN FN MA4071 2.00000 07/01/2040 US 723,581.61 $747,075.67
31418MG63 FEDERAL NATL MTG ASSN AD0220 6.00000 10/01/2038 US 12,363.57 $14,608.56
31418MQQ8 FEDERAL NATL MTG ASSN AD0462 5.50000 10/01/2024 US 3,088.91 $3,257.51
315786AC7 FIDELITY & GUARA NTY LIFE 5.50000 05/01/2025 US 55,132.57 $60,783.66
316067107 FIDELITY CASH RESERVES US 41,485.51 $41,485.51
316773100 FIFTH THIRD BANCORP US FITB 483.27 $9,984.27
32054K103 FIRST INDUSTRIAL REALTY TR US FR 1,196.95 $51,049.80
33834YAA6 FIVE POINT OP CO LP/FIVE 7.87500 11/15/2025 US 43,725.83 $43,944.46
34461LAA2 FONTAINEBLEAU MIAMI BEACH TRUST 3.14400 12/10/2036 US 368,817.91 $377,784.61
345370CX6 FORD MOTOR COMPANY 9.62500 04/22/2030 US 51,330.33 $67,282.51
345397XU2 FORD MOTOR CREDIT CO LLC 4.38900 01/08/2026 US 28,516.85 $29,010.76
346232AE1 FORESTAR GROUP INC 5.00000 03/01/2028 US 28,516.85 $28,812.85
34960PAB7 FORTRESS TRANS & INFRAST 6.50000 10/01/2025 US 32,319.1 $31,349.52
34960PAC5 FORTRESS TRANS & INFRAST 9.75000 08/01/2027 US 28,516.85 $30,406.66
35166FAA0 FOXTROT ESCROW ISSUER 12.25000 11/15/2026 US 34,220.22 $37,353.76
357081AE8 FREMF 2015-K720 B FLT 3.50986 07/25/2022 US 406,840.37 $419,920.78
36166LAA5 GEMS MENASA KY LTD/GEMS 7.12500 07/31/2026 AE 28,516.85 $27,518.76
36223NTR5 GNMA POOL 312960 9.00000 09/15/2021 US 29.99 $30.09
36237HAA9 G-III APPAREL GROUP LTD 7.87500 08/15/2025 US 45,626.96 $45,341.79
36257MAA3 GSMS 2019-70P A 1.16188 10/15/2036 US 351,707.8 $338,493.68
369550108 GENERAL DYNAMICS CORP US GD 138.4 $20,670.30
369604BQ5 GENERAL ELECTRIC CO 5.00000 01/21/2021 US 532,314.51 $417,622.02
370334104 GENERAL MLS INC US GIS 350.95 $22,443.08
372460105 GENUINE PARTS CO US GPC 119.01 $11,239.33
37255LAA5 GENWORTH MORTGAGE HLDING 6.50000 08/15/2025 US 45,626.96 $48,085.34
374297109 GETTY REALTY CORP US GTY 1,184.78 $34,702.21
375558103 GILEAD SCIENCES INC US GILD 521.67 $34,821.35
37953TAB1 GLOBAL SHIP LEASE INC 9.87500 11/15/2022 MH 76,044.93 $74,428.97
38379RRX3 GNR 2017-54 AH MTGE 2.60000 12/16/2056 US 465,386.09 $487,947.17
384802104 WW GRAINGER INC US GWW 28.14 $10,281.97
388689101 GRAPHIC PACKAGING HOLDING CO US GPK 104,390.68 $1,459,381.66
400506101 GRUPO AEROPORTUARIO PAC-ADR MX PAC 420.15 $32,553.09
40051E202 GRUPO AEROPORTUARIO DEL SURESTE MX ASR 336.5 $38,179.16
4012250 AIRBUS SE FR AIR FP 313.69 $25,796.64
4031976 ADIDAS AG DE ADS GR 2,693.89 $819,741.28
404119BX6 HCA INC 4.12500 06/15/2029 US 494,292.04 $569,508.46
416515104 HARTFORD FINL SVCS US HIG 256.65 $10,381.56
418751AD5 HAT HOLDINGS I LLC/HAT 3.75000 09/15/2030 US 32,319.1 $32,480.69
421946104 HEALTHCARE REALTY TRUST INC US HR 641.82 $18,516.48
42225P501 HEALTHCARE TRUST OF AMERICA US HTA 1,138.01 $30,032.15
42250P103 HEALTHPEAK PROPERTIES INC US PEAK 2,825.83 $78,105.93
427866108 HERSHEY CO/THE US HSY 122.43 $18,198.34
431571AB4 HILLENBRAND INC 4.50000 09/15/2026 US 43,725.83 $46,895.96
43300A203 HILTON WORLDWIDE HOLDINGS INC US HLT 9,143.26 $826,185.16
437076102 HOME DEPOT INC US HD 319.77 $91,146.94
438516106 HONEYWELL INTERNATIONAL INC US HON 266.16 $44,062.33
440452100 HORMEL FOODS CORP US HRL 250.19 $12,754.57
443201AA6 HOWMET AEROSPACE INC 6.87500 05/01/2025 US 45,626.96 $51,862.96
444454AD4 HUGHES SATELLITE SYSTEMS 5.25000 08/01/2026 US 28,516.85 $31,154.66
450913AE8 IAMGOLD CORP 7.00000 04/15/2025 CA 55,132.57 $57,889.20
452308109 ILLINOIS TOOL WKS INC US ITW 155.13 $30,646.26
45337C102 INCYTE CORP US INCY 5,486.64 $528,637.92
45569LAA9 INDIGO NATURAL RES LLC 6.87500 02/15/2026 US 30,417.97 $31,102.38
45682RAA8 INFRABUILD AUSTRALIA PTY 12.00000 10/01/2024 AU 45,626.96 $43,345.61
45778Q107 INSPERITY INC US NSP 12,186.2 $820,984.29
458140100 INTEL CORP US INTC 1,223.56 $62,340.53
45857P806 INTERCONTINENTAL HOTELS-ADR GB IHG 6,399.18 $370,896.52
45866F104 INTERCONTINENTALEXCHANGE INC US ICE 15,720.39 $1,669,976.82
459200101 INTERNATIONAL BUSINESS MACH CORP US IBM 346 $42,665.81
459506101 INTERNATIONAL FLVRS & FRAGRANCES US IFF 58.93 $7,295.54
46116VAE5 INTL FC STORE INC 8.62500 06/15/2025 US 72,242.68 $78,202.70
46187BAA1 IHSFR 2017-SFR2 A 1.01188 12/17/2036 US 170,571.52 $169,309.94
46187BAB9 IHSFR 2017-SFR2 B 1.31188 12/17/2036 US 140,683.12 $140,443.79
46187W107 INVITATION HOMES INC US INVH 3,703.77 $106,038.89
46284VAN1 IRON MOUNTAIN INC 4.50000 02/15/2031 US 30,417.97 $31,220.09
465410BX5 ITALY GOV'T INT BOND 2.37500 10/17/2024 IT 190,112.32 $196,617.14
46625H100 JP MORGAN CHASE & CO US JPM 775.28 $77,675.11
46639GAL0 JPMMT 2013-1 1A2 3.00000 03/25/2043 US 103,995.65 $105,839.91
46640BAC8 JPMMT 2013-2 A2 3.50000 05/25/2043 US 118,119.5 $123,487.78
46641YAA1 JPMMT 2014-2 1A1 3.00000 06/25/2029 US 221,305.92 $223,849.41
46647PBP0 JPMORGAN CHASE & CO 2.95600 05/13/2031 US 612,161.68 $658,424.88
46647SAJ9 JPMMT 2017-3 1A5 3.50000 08/25/2047 US 116,935.09 $117,382.69
478160104 JOHNSON & JOHNSON US JNJ 15,978.94 $2,451,329.30
47987LAA9 JONAH NRG LLC/FINANCE 7.25000 10/15/2025 US 34,220.22 $4,790.83
48088LAB3 JOSEPH T RYERSON & SON 8.50000 08/01/2028 US 26,615.73 $29,077.68
482480100 KLA-TENCOR CORPORATION US KLAC 96.58 $19,811.82
487526AB1 KEHE DISTRIBUTORS LLC/FI 8.62500 10/15/2026 US 45,626.96 $49,619.32
49427F108 KILROY REALTY CORP US KRC 992.77 $58,096.70
494368103 KIMBERLY CLARK CORP US KMB 175.28 $27,652.73
494550AW6 KINDER MORGAN ENER PART 6.95000 01/15/2038 US 528,512.26 $703,063.14
501044101 KROGER CO US KR 496.19 $17,704.17
505742AG1 LADDER CAP FIN LLLP/CORP 5.25000 10/01/2025 US 43,725.83 $41,539.54
5107401 BEIERSDORF AG DE BEI GR 794.67 $91,855.41
512816109 LAMAR ADVERTISING CO-A US LAMR 425.09 $29,429.06
53223X107 LIFE STORAGE INC US LSI 480.22 $50,629.99
532457108 ELI LILLY & CO US LLY 249.43 $37,012.53
539473AE8 LLOYDS BANK PLC 12.00000 12/16/2024 GB 38,022.46 $44,431.08
539830109 LOCKHEED MARTIN CORP US LMT 108.74 $42,438.53
541056AA5 LOGAN MERGER SUB INC 5.50000 09/01/2027 US 24,714.6 $25,201.23
54238XAC2 LONESTAR RESOURCES AMERICA 11.25000 01/01/2023 US 49,429.2 $7,908.67
550021109 LULULEMON - ADR CA LULU 2,149.79 $807,611.67
552697AQ7 MDC PARTNERS INC 6.50000 05/01/2024 CA 30,417.97 $29,049.16
552848AG8 MGIC INVESTMENT CORP 5.25000 08/15/2028 US 45,626.96 $47,908.31
56585A102 MARATHON PETROLEUM CORP US MPC 448.28 $15,896.18
573284106 MARTIN MARIETTA MATERIALS US MLM 1,758.54 $356,754.80
57636Q104 MASTERCARD INC-CLASS A US MA 9,056.95 $3,244,109.31
577128AA9 MATTHEWS INTERNATIONAL C 5.25000 12/01/2025 US 9,505.62 $8,982.81
58933Y105 MERCK & CO INC US MRK 784.02 $66,853.66
594918104 MICROSOFT CORP US MSFT 6,665.34 $1,503,233.69
595112103 MICRON TECHNOLOGY INC US MU 39,828.53 $1,812,596.48
59522J103 MID-AMERICA APARTMENT COMM US MAA 640.68 $75,036.27
609207105 MONDELEZ INTERNATIONAL INC US MDLZ 28,089.48 $1,640,987.19
615369105 MOODY'S CORPORATION US MCO 2,273.74 $669,935.75
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6321954 TRAVELSKY TECHNOLOGY LTD-H CN 696 HK 3,422.02 $7,106.29
63938CAH1 NAVIENT CORP 6.75000 06/25/2025 US 43,725.83 $45,584.18
63938EAC8 NAVSL 2014-1 A3 FLT 0.68513 06/25/2031 US 305,149.74 $294,677.95
63938NAF1 NAVIOS SA LOGIST/FIN US 10.75000 07/01/2025 MH 17,110.11 $18,521.69
64110D104 NETAPP INC US NTAP 160.84 $7,621.97
644393AA8 NEW FORTRESS ENERGY INC 6.75000 09/15/2025 US 60,835.94 $61,730.23
64829DAG1 NRZT 2014-3A AFX3 3.75000 11/25/2054 US 145,684.26 $155,963.70
64829EAA2 NRZT 2015-2A A1 3.75000 08/25/2055 US 272,208.83 $293,879.70
64829LAA6 NRZT 2016-4A A1 3.75000 11/25/2056 US 503,640.89 $540,151.93
655844108 NORFOLK SOUTHN CORP US NSC 96.96 $20,606.33
6642321 NIKON CORP JP 7731 JP 72,775 $569,951.50
66727WAA0 NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 CA 140,683.12 $2,250.93
66987V109 NOVARTIS AG- REG CH NVS 28,841.94 $2,482,137.40
670346105 NUCOR CORP US NUE 250.57 $11,390.82
67401PAB4 OAKTREE SPECIALTY LEND 3.50000 02/25/2025 US 28,516.85 $28,706.99
6742340 SHANDONG WEIGAO CN 1066 HK 50,189.65 $116,945.90
674599EA9 OCCIDENTAL PETROLEUM COR 8.87500 07/15/2030 US 28,516.85 $32,224.04
675232AB8 OCEANEERING INTL INC 6.00000 02/01/2028 US 41,824.71 $26,391.39
6821506 SONY CORP FIRST SECTION JP 6758 JP 684.4 $53,591.88
682189AQ8 ON SEMICONDUCTOR CORP 3.87500 09/01/2028 US 28,516.85 $29,756.76
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68555PAA8 ORBCOMM INC 8.00000 04/01/2024 US 45,626.96 $44,372.22
69144AAA7 OXFIN 2020-1A A2 3.10100 02/15/2028 US 304,179.72 $308,557.75
69145LAA2 OXFORD FIN LLC/CO-ISS II 6.37500 12/15/2022 US 9,505.62 $9,057.62
69327RAJ0 PDC ENERGY INC 5.75000 05/15/2026 US 26,615.73 $27,227.89
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693475105 PNC FINANCIAL SERVICES GROUP US PNC 155.89 $17,335.20
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701094104 PARKER HANNIFIN CORP US PH 66.16 $13,629.43
7021963 DEUTSCHE BOERSE AG DE DB1 GR 874.52 $165,444.95
70450Y103 PAYPAL HOLDINGS INC US PYPL 4,828.85 $985,762.05
7123870 NESTLE SA-REGISTERED CH NESN SW 14,298.35 $1,722,195.05
713448108 PEPSICO INC US PEP 5,423.9 $759,672.08
717081103 PFIZER INC US PFE 1,798.84 $67,978.27
719245AD4 PHOTO HOLDINGS MERGER SU 8.50000 10/01/2026 US 38,022.46 $34,944.93
71943U104 PHYSICIANS REALTY TRUST US DOC 1,199.61 $21,772.90
723787107 PIONEER NATURAL RESOURCES CO US PXD 11,492.29 $1,194,393.69
741503AZ9 BOOKING HOLDINGS INC 3.60000 06/01/2026 US 988,584.08 $1,109,815.09
74166MAE6 PRIME SECSRVC BRW/FINANC 6.25000 01/15/2028 US 28,516.85 $29,942.69
74340W103 PROLOGIS US PLD 2,460.43 $250,619.78
74460D109 PUBLIC STORAGE INC US PSA 334.6 $71,068.55
747525103 QUALCOMM INC US QCOM 341.06 $40,620.43
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750236AW1 RADIAN GROUP INC 4.87500 03/15/2027 US 64,638.19 $64,832.10
75513E101 RAYTHEON TECHNOLOGIES CORP US RTX 565.39 $34,489.04
756109104 REALTY INCOME CORP US O 418.25 $25,943.87
758849103 REGENCY CENTERS CORP US REG 296.58 $11,777.00
7591EP100 REGIONS FINANCIAL CORP. US RF 701.89 $8,113.90
76131D103 RESTAURANT BRANDS INTERN CA QSR 1,859.3 $100,662.42
76169C100 REXFORD INDUSTRIAL REALITY IN US REXR 1,118.62 $53,671.43
7698356 GETINGE AB-B SHS SE GETIB SS 4,066.5 $90,606.40
773903109 ROCKWELL AUTOMATION INC US ROK 68.82 $15,865.23
778296AE3 ROSS STORES INC 5.45000 04/15/2050 US 201,519.06 $259,115.18
780259107 ROYAL DUTCH SHELL PLC-ADR B NL RDS/B 9,239.46 $259,628.80
783513203 RYANAIR HOLDINGS - ADR IE RYAAY 14,389.98 $1,164,149.54
78409V104 S&P GLOBAL INC US SPGI 1,589.34 $582,365.60
78410G104 SBA COMMUNICATIONS CORP US SBAC 3,319.36 $1,015,956.87
78442PGC4 SLM CORP 5.12500 04/05/2022 US 66,539.31 $68,535.49
78449UAB4 SMB 2020-A A2A MTGE 2.23000 09/15/2037 US 401,137 $415,247.96
78449XAA0 SMB 2020-BA A1A 1.29000 07/15/2053 US 549,424.61 $548,769.26
785592AV8 SABINE PASS LIQUEFACTION 5.87500 06/30/2026 US 737,635.81 $887,171.33
79466L302 SALESFORCE.COM US CRM 6,326.94 $1,725,039.68
806857108 SCHLUMBERGER LTD NL SLB 23,402.83 $444,887.74
81141R100 SEA LTD - ADR SG SE 467.68 $71,465.62
81745BAB1 SEMT 2013-6 A2 3.00000 05/25/2043 US 313,954.56 $328,463.52
81745CAB9 SEMT 2013-7 A2 3.00000 06/25/2043 US 135,659.79 $139,535.44
81745EAA7 SEMT 2013-8 A1 3.00000 06/25/2043 US 181,231.12 $186,437.98
81745MAA9 SEMT 2013-2 1.87400 02/25/2043 US 151,615.66 $152,727.12
81762P102 SERVICENOW INC US NOW 1,520.9 $733,103.54
83088M102 SKYWORKS SOLUTIONS INC US SWKS 88.59 $12,832.60
832696405 JM SMUCKER CO/THE-NEW COM WI US SJM 85.93 $10,327.16
83401BAB2 SOFI 2017-F A2FX 2.84000 01/25/2041 US 74,755.23 $76,781.17
83404RAB4 SOFI 2018-B A2FX MTGE 3.34000 08/25/2047 US 326,993.2 $337,631.49
83406TAB8 SOFI 2020-A A2FX MTGE 2.54000 05/15/2046 US 252,849.39 $262,916.59
844741BJ6 SOUTHWEST AIRLINES CO 5.25000 05/04/2025 US 490,489.79 $535,335.06
85172FAN9 SPRINGLEAF FINANCE CORP 7.12500 03/15/2026 US 30,417.97 $34,904.47
85254J102 STAG INDUSTRIAL INC US STAG 871.47 $28,148.64
854502101 STANLEY WORKS/THE US SWK 78.33 $12,634.03
85571BAL9 STARWOOD PROPERTY TRUST 4.75000 03/15/2025 US 45,626.96 $43,915.95
85571XAA5 SRPT 2014-STAR A FLTG RATE 1.63188 11/15/2027 US 505,513.39 $353,970.44
861036AA9 STL HOLDING CO LLC 7.50000 02/15/2026 US 41,824.71 $42,347.52
866674104 SUN COMMUNITIES US SUI 739.92 $110,306.85
87105L104 SWITCH INC - A US SWCH 2,894.27 $49,781.44
871829107 SYSCO CORP US SYY 13,717.74 $824,985.17
872540AU3 TJX COS INC 4.50000 04/15/2050 US 292,772.98 $372,466.66
87422VAJ7 TALEN ENERGY SUPPLY LLC 7.62500 06/01/2028 US 41,824.71 $43,221.24
87677QAA9 TXEZ 2016-1A 3.13100 06/15/2028 US 89,850.43 $90,032.36
87854WAA1 TECHNIPLAS LLC 10.00000 05/01/2020 US 20,912.36 $4,653.00
88032WAN6 TENCENT HOLDINGS 3.97500 04/11/2029 KY 494,292.04 $570,408.25
88146M101 TERRENO REALTY CORP US TRNO 629.65 $37,552.45
882508104 TEXAS INSTRUMENTS INC US TXN 343.72 $48,860.24
883556102 THERMO FISHER SCIENTIFIC INC US TMO 1,737.63 $745,407.07
88579Y101 3M CO US MMM 245.63 $40,041.81
89151E109 TOTAL S A SPONSORED ADR FR TOT 17,439 $690,061.37
89173CAA5 TPMT 2016-5 A1 2.50000 10/25/2056 US 588,246.07 $600,664.77
89173FAA8 TPMT 2017-1 A1 2.75000 10/25/2056 US 319,586.85 $328,591.41
89177EAA7 TPMT 2019-HY1 A1 1.17513 10/25/2048 US 286,855.09 $286,258.03
892231AA9 TOWNSQUARE MEDIA INC 6.50000 04/01/2023 US 40,684.04 $37,531.02
89417E109 TRAVELLERS COS INC US TRV 142.2 $16,501.35
89613BAA5 TAH 2016-SFR1 A 2.58900 11/17/2033 US 807,869.62 $809,996.18
89613FAA6 TAH 2017-SFR2 A 2.92800 01/17/2036 US 283,130.01 $293,379.31
89613GAA4 TAH 2020-SFR1 A 1.49900 07/17/2038 US 471,478.56 $471,382.43
89832Q109 TRUIST FINANCIAL CORP US TFC 689.73 $26,768.32
901109AF5 TUTOR PERINI CORP 6.87500 05/01/2025 US 74,143.81 $71,363.41
902494103 TYSON FOODS INC -CL A US TSN 207.98 $13,061.32
902653104 UDR INC US UDR 595.81 $20,740.22
902973304 U.S. BANCORP US USB 733.45 $26,697.70
904767704 UNILEVER PLC - ADR GB UL 41,500 $2,472,569.96
907818108 UNION PAC CORP US UNP 264.26 $50,853.45
91086QBG2 UNITED MEXICAN STATES 4.12500 01/21/2026 MX 76,044.93 $84,828.12
9127963S6 TREASURY BILL 0.00000 07/15/2021 US 1,216,718.87 $1,215,272.49
912810FS2 TSY INFL IX N/B 2.00000 01/15/2026 US 2,022,366.47 $2,406,892.60
912810RX8 US TREASURY N/B 3.00000 05/15/2047 US 2,546,744.68 $3,443,875.28
912828K74 US TREASURY N/B 2.00000 08/15/2025 US 3,037,994.93 $3,296,343.16
912828YN4 US TREASURY FRN FLT 0.40503 10/31/2021 US 1,778,310.67 $1,784,060.45
912828ZJ2 TSY INFL IX N/B 0.12500 04/15/2025 US 1,419,267.2 $1,526,211.20
91704F104 URBAN EDGE PROPERTIES US UE 1,916.33 $20,236.47
918204108 VF CORP US VFC 240.3 $15,799.85
91913Y100 VALERO ENERGY US VLO 252.47 $13,277.35
92343VDU5 VERIZON COMMUNICATIONS 5.25000 03/16/2037 US 821,285.24 $1,115,647.75
92826C839 VISA INC - CLASS A SHARES US V 15,636.74 $3,314,832.21
92826CAK8 VISA INC 2.70000 04/15/2040 US 585,545.96 $632,485.14
928668BE1 VOLKSWAGEN GROUP AMERICA 3.35000 05/13/2025 US 357,411.17 $392,832.48
929160109 VULCAN MATERIALS CO US VMC 6,235.68 $748,282.10
93065PAA9 WBHT 2019-WBM A FLT 1.21188 12/15/2033 US 431,554.97 $409,961.43
931142103 WAL MART STORES US WMT 687.07 $95,399.11
94106L109 WASTE MANAGEMENT INC US WM 215.97 $24,620.31
949746101 WELLS FARGO COMPANY US WFC 1,552.08 $37,482.66
95040Q104 WELLTOWER INC. US WELL 910.26 $52,358.03
95081QAP9 WESCO DISTRIBUTION INC 7.25000 06/15/2028 US 43,725.83 $48,775.51
962178AN9 TRI POINTE GROUP / HOMES 5.87500 06/15/2024 US 43,725.83 $47,442.53
966387AH5 WHITING PETROLEUM CORP 5.75000 03/15/2021 US 148,287.61 $33,364.71
96949LAD7 WILLIAMS PARTNERS LP 3.75000 06/15/2027 US 505,698.78 $558,720.82
97652TAA1 WIN 2015-1 A1 3.50000 01/20/2045 US 138,555.26 $142,656.51
98311A105 WYNDHAM HOTELS & RESORTS INC US WH 828.89 $43,400.67
983919101 XILINX INC US XLNX 119.01 $12,396.11
B02J639 ADMIRAL GROUP PLC GB ADM LN 5,499.95 $191,902.45
B1KFX13 GRUPO AEROPORTUARIO DEL CENT MX OMAB MM 6,653.93 $30,472.10
B1Y47Y7 GERRESHEIMER AG DE GXI GR 992.39 $117,064.12
B1Y9TB3 DANONE FR BN FP 1,963.1 $129,086.30
B3QJ0H8 TOURMALINE OIL CORP CA TOU CN 8,606.38 $109,332.46
B3ZD2V9 MEX BONOS DESARR FIX RT 6.50000 06/10/2021 MX 475,280.81 $22,034.25
B4888C1 CANADIAN GOVERNMENT FLT 2.75000 06/01/2022 CA 201,519.06 $161,227.61
B4NDCC9 MEX BONOS DESARR FIX RT 6.50000 06/09/2022 MX 1,178,696.4 $55,648.99
B4YVF56 BRENNTAG AG DE BNR GR 1,306.07 $81,833.53
B63QM77 NEXON CO LTD JP 3659 JP 67,851.09 $1,587,675.17
B6TC406 MEX BONOS DESARR FIX RT 7.75000 05/29/2031 MX 570,336.97 $29,452.55
BBG00W89CJ51 BABA US 09/04/20 P240 CN -21.29 -$127.76
BBG00WD4YYY7 COG US 09/11/20 C20 US -257.79 -$2,577.92
BBG00WD57V16 CRM US 09/11/20 C230 US -22.43 -$89,957.35
BBG00WDJ9S48 PYPL US 09/11/20 P195 US -26.24 -$3,935.33
BBG00WN64F39 FB US 09/11/20 C282.5 US -18.25 -$29,566.27
BBQ3850 KEYWORDS STUDIOS PLC IE KWS LN 935.35 $27,482.42
BD6K457 COMPASS GROUP PLC GB CPG LN 1,281.36 $20,734.96
BGHQ198 HIBERNIA REIT PLC IE HBRN ID 18,408.2 $26,165.26
BH8295835 SAUDI INTERNATIONAL BOND 2.90000 10/22/2025 SA 76,044.93 $80,610.67
BHJYC05 INTERCONTINENTAL HOTELS GROUP GB IHG LN 931.55 $53,785.56
BJ2KSG2 AKZO NOBEL NL AKZA NA 876.8 $86,542.78
BJVB695 BUONI POLIENNALI DEL TES 2.45000 09/01/2050 IT 174,903.34 $227,135.56
BK0939417 AMERICAN TANKER INC 7.75000 07/02/2025 US 76,044.93 $76,524.01
BMMV2K8 TENCENT HOLDINGS LTD CN 700 HK 24,837.79 $1,696,877.44
BNGN9Z1 FINECOBANK SPA IT FBK IM 11,465.67 $173,573.79
BP9DL90 INDUSTRIA DE DISENO TEXTIL ES ITX SM 3,562.7 $100,173.10
BVYVFW2 AUTO TRADER GROUP PLC GB AUTO LN 7,247.08 $54,178.56
BYPC1T4 ASSA ABLOY AB-B SE ASSAB SS 2,498.08 $57,871.18
BYYHL23 ANHEUSER-BUSCH INBEV SA/NV BE ABI BB 14,387.7 $836,203.45
BZ0VW78 BINGO INDUSTRIES LTD AU BIN AU 32,995.89 $54,012.06
BZ1HM42 ADYEN NV NL ADYEN NA 22.81 $38,455.46
G0772R208 BANK OF N.T. BUTTERFIELD&SON BM NTB 2,121.65 $53,465.67
G1151C101 ACCENTURE PLC - CL A IE ACN 617.1 $148,061.91
G29183103 EATON CORP PLC US ETN 227.75 $23,253.74
G51502105 JOHNSON CONTROLS INTERNATIONAL US JCI 502.66 $20,473.22
G5494J103 LINDE PLC GB LIN 150.57 $37,603.09
G5960L103 MEDTRONIC INC IE MDT 8,877.1 $954,022.46
G85158106 STONECO LTD-A BR STNE 809.88 $41,303.80
G8994E103 TRANE TECHNOLOGIES IE TT 116.35 $13,774.53
G97822103 PERRIGO CO PLC IE PRGO 1,657.78 $86,701.87
H01301128 ALCON INC CH ALC 35,774.58 $2,051,314.22
H1467J104 CHUBB LTD CH CB 201.52 $25,189.88
H2906T109 GARMIN LTD CH GRMN 102.66 $10,636.67
N53745100 LYONDELLBASELL INDU-CL A US LYB 222.05 $14,539.91
USD US DOLLAR US 9,006,021.31 $9,006,021.31
ZO1818103 NAVIGATOR HOLDINGS LTD 8.00000 09/10/2025 MH 57,033.7 $57,171.15

Based on the investments of the underlying fund(s): Manning & Napier Pro-Mix® Extended 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 45 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

$28.92

Daily $ Change

$0.02

Daily % Change

0.07%

as of 09/24/2020

CUSIP

563821164

Inception Date

01/06/2005

This fund is only available 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 moderately growth-oriented mix of investments that seeks potential for growth with some stability. The portfolio is diversified among various stock investments and fixed income securities, which will typically be intermediate to long-term maturities. Stock exposure can range from 30% - 70%.

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 2030
  • Who have some time to pursue growth 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

11.36%

1 Year

16.04%

3 Year

9.52%

5 Year

8.92%

10 Year

9.01%

Inception
(01/01/2000)

7.17%

Performance through the inception date of the Retirement Target CIT Class S Units 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. The Retirement Target CIT Fund will gradually become more conservative over time. Returns are net of the Class S expenses. Performance data quoted represents past performance and does not guarantee future results. Performance for periods greater than one year is annualized. Your investment may fluctuate in value and there is a potential for loss as well as profit.

Expense Ratio

Gross 0.89%
Net 0.89%*

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

Top Ten Investments

As of 08/31/2020

GOVERNMENT AGENCY 5.30%
TREASURY NOTES 3.45%
TREASURY BONDS 2.34%
VISA INC - CLASS A SHARES 2.25%
MASTERCARD INC-CLASS A 2.20%
EXPEDIA INC 1.69%
NOVARTIS AG- REG 1.69%
UNILEVER PLC - ADR 1.68%
JOHNSON & JOHNSON 1.66%
CABOT OIL & GAS CORP 1.64%

This investment list is unaudited and excludes cash.

Asset Allocation

As of 08/31/2020

Stocks
56.99%
Bonds
37.22%
Cash
5.79%

Detailed Asset Class Allocation

As of 08/31/2020

International Equities
16.58%
Small Capitalization
2.29%
Mid Capitalization
7.71%
Large Capitalization
30.40%
Long Term Fixed Income
13.92%
Intermediate Term Fixed Income
19.55%
Short Term Fixed Income
3.76%
Cash
5.79%

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 220,530.3 $258,526.66
00287Y109 ABBVIE INC US ABBV 562.73 $53,892.89
00507V109 ACTIVISION INC US ATVI 17,421.89 $1,455,076.53
00653VAA9 ADAPTHEALTH LLC 6.12500 08/01/2028 US 49,429.2 $51,777.09
00774MAG0 AERCAP IRELAND CAP / GLOBA 4.45000 10/01/2025 IE 661,590.89 $663,078.06
00791GAA5 AG MERGER SUB II INC 10.75000 08/01/2027 US 45,626.96 $46,539.50
008492100 AGREE REALTY CORP US ADC 657.79 $44,019.22
00912XAV6 AIR LEASE CORP 3.62500 04/01/2027 US 562,732.48 $563,911.06
01166WAA5 ALASKA AIR 2020-1 CL B 8.00000 08/15/2025 US 51,330.33 $53,289.53
013822AC5 ALCOA NEDERLAND HOLDING 6.12500 05/15/2028 NL 39,923.59 $43,117.47
015271109 ALEXANDRIA REAL EST EQUITIES US ARE 155.13 $26,121.07
01609W102 ALIBABA GROUP - ADR CN BABA 5,760.4 $1,653,408.59
01609WAT9 ALIBABA GROUP HOLDING 3.40000 12/06/2027 KY 787,065.02 $891,456.04
020002101 ALLSTATE CORPORATION US ALL 167.3 $15,558.79
02079K305 ALPHABET INC-CL A US GOOGL 901.13 $1,468,422.30
023135106 AMAZON.COM INC US AMZN 646.38 $2,230,638.08
02319V103 AMBEV SA-ADR BR ABEV 18,253.44 $41,070.25
0237400 DIAGEO PLC GB DGE LN 19,021.5 $635,532.57
02406PBA7 AMERICAN AXLE & MFG INC 6.87500 07/01/2028 US 28,516.85 $29,699.16
024835100 AMERICAN CAMPUS COMMUNITIES US ACC 1,379.46 $46,763.53
02665T306 AMERICAN HOMES 4 RENT- A US AMH 2,868.8 $82,162.29
03027X100 AMERICAN TOWER REIT INC US AMT 3,604.53 $898,068.56
03027XAW0 AMERICAN TOWER CORP 3.80000 08/15/2029 US 661,590.89 $765,304.57
03064D108 AMERICOLD REALTY TRUST US COLD 1,811.39 $69,466.81
03217CAA4 AMS AG 7.00000 07/31/2025 AT 76,044.93 $79,086.73
032654105 ANALOG DEVICES INC US ADI 143.72 $16,798.57
03690AAD8 ANTERO MIDSTREAM PART / FI 5.75000 03/01/2027 US 49,429.2 $44,115.56
03690AAF3 ANTERO MIDSTREAM PART/FI 5.75000 01/15/2028 US 32,319.1 $28,844.79
03748R754 APARTMENT INVT & MGMT CO -A US AIV 1,152.08 $41,509.47
03784Y200 APPLE HOSPITALITY REIT INC US APLE 4,129.24 $41,994.37
039483102 ARCHER-DANIELS-MIDLAND CO US ADM 330.04 $14,772.37
053015103 AUTOMATIC DATA PROCESSING US ADP 141.06 $19,620.50
053484101 AVALONBAY COMMUNITIES INC US AVB 349.81 $55,290.44
05401AAJ0 AVOLON HOLDINGS FNDG LTD 3.25000 02/15/2027 KY 330,795.44 $284,410.94
055622104 BP PLC-SPONS ADR GB BP 1,201.51 $25,147.60
05722G100 BAKER HUGHES CO US BKR 740.3 $10,571.45
060505104 BANK OF AMERICA CORP US BAC 2,415.95 $62,186.49
06051GFM6 BANK OF AMERICA CORP 4.00000 01/22/2025 US 342,202.18 $383,495.18
071734AH0 BAUSCH HEALTH COS INC 5.00000 01/30/2028 CA 38,022.46 $37,547.18
084423102 WR BERKLEY CORP US WRB 15,851.57 $983,589.64
084670702 BERKSHIRE HATHAWAY INC-CL B US BRK/B 6,885.87 $1,501,394.73
086516101 BEST BUY INC US BBY 180.23 $19,988.92
09061G101 BIOMARIN PHARMACEUTICAL INC US BMRN 6,222.38 $485,532.03
0946580 WEIR GROUP PLC/THE GB WEIR LN 4,332.66 $73,929.84
09857L108 BOOKING HOLDINGS INC US BKNG 391.63 $748,192.18
105368203 BRANDYWINE REALTY TRUST US BDN 2,615.95 $29,115.47
110122108 BRISTOL MYERS SQUIBB CO US BMY 783.26 $48,718.94
11680JAA0 BRUIN E&P PARTNERS LLC 8.87500 08/01/2023 US 146,386.49 $286.92
12503M108 CBOE GLOBAL MARKETS INC US CBOE 4,364.98 $400,661.42
12530MAA3 SORT 2020-1 A1 MTGE 1.69000 07/15/2060 US 285,168.48 $289,355.47
12530MAB1 SORT 2020-1 A2 1.99000 07/15/2060 US 237,442.37 $241,702.68
12541W209 C.H. ROBINSON WORLDWIDE INC US CHRW 116.35 $11,437.08
12555DAA3 CIM 2019-INV1 A1 4.00000 02/25/2049 US 110,766.99 $114,746.94
12572Q105 CME GROUP INC US CME 2,306.06 $405,567.21
12646XAH5 CSMC 2013-IVR3 A1 2.50000 05/25/2043 US 212,338.74 $216,703.76
12654TAA8 CNX MIDSTREAM PTR/CNX 6.50000 03/15/2026 US 32,319.1 $32,366.93
127097103 CABOT OIL & GAS CORP US COG 127,382.86 $2,416,452.87
131477AT8 CALUMET SPECIALTY PROD 11.00000 04/15/2025 US 30,417.97 $28,897.07
133131102 CAMDEN PROPERTY TRUST US CPT 671.86 $61,098.67
13321L108 CAMECO CORP CA CCJ 84,791.62 $981,039.01
149123101 CATERPILLAR INC US CAT 242.2 $34,467.92
14980AAA0 CAZENOVIA CREEK FUNDING LLC 3.56070 07/15/2030 US 149,343.12 $148,082.10
15135UAS8 CENOVUS ENERGY INC 5.37500 07/15/2025 CA 7,604.49 $7,740.37
16119P108 CHARTER COMMUNICATIONS INC-A US CHTR 2,395.42 $1,474,641.60
166764100 CHEVRON CORP US CVX 3,391.6 $284,657.31
172062101 CINCINNATI FINANCIAL CORP US CINF 91.63 $7,276.67
17275R102 CISCO SYSTEMS INC US CSCO 1,373.37 $57,983.74
172967424 CITIGROUP INC US C 728.51 $37,241.45
172967KA8 CITIGROUP INCA 4.45000 09/29/2027 US 585,545.96 $680,717.52
191216100 COCA COLA CO/THE US KO 43,216.33 $2,140,504.99
194162103 COLGATE-PALMOLIVE CO US CL 397.33 $31,492.75
20030N101 COMCAST CORP-CL A US CMCSA 1,046.38 $46,888.21
20030NCY5 COMCAST CORP 3.25000 11/01/2039 US 509,501.03 $565,535.34
20369C106 COMMUNITY HEALTHCARE TRUST I US CHCT 903.41 $42,189.42
20449X401 COMPASS GROUP PLC ADR GB CMPGY 52,450.09 $841,823.93
205887102 CONAGRA BRAND INC. US CAG 351.33 $13,476.93
20605P101 CONCHO RESOURCES INC US CXO 18,564.47 $964,981.07
20825C104 CONOCOPHILLIPS US COP 13,674.4 $518,122.99
21036P108 CONSTELLATION BRANDS INC-A US STZ 81.37 $15,010.78
217204106 COPART INC US CPRT 7,224.27 $746,411.40
222795502 COUSINS PROPERTIES INC US CUZ 2,231.16 $66,600.07
22534GAA1 CAALT 2020-1A 2.01000 02/15/2029 US 353,608.92 $362,178.25
22822V101 CROWN CASTLE INTL CORP US CCI 495.43 $80,879.39
22822VAN1 CROWN CASTLE INTL CORP 3.10000 11/15/2029 US 380,224.65 $417,917.97
22944PAA5 CSMC 2013-TH1 A1 2.13000 02/25/2043 US 132,718.4 $136,054.83
229663109 CUBESMART US CUBE 944.86 $29,876.42
231021106 CUMMINS INC US CMI 101.14 $20,961.21
253868103 DIGITAL REALTY TRUST INC US DLR 792.77 $123,394.40
254687FW1 WALT DISNEY COMPANY/THE 2.20000 01/13/2028 US 231,937.03 $245,430.58
25470DAT6 DISCOVERY COMMUNICATIONS 5.20000 09/20/2047 US 627,370.67 $752,471.66
256746108 DOLLAR TREE STORES INC US DLTR 7,125.41 $685,963.21
25746UDG1 DOMINION ENERGY 3.37500 04/01/2030 US 346,004.43 $393,864.70
25787GAC4 DONNELLEY FINANCIAL SOL 8.25000 10/15/2024 US 53,231.45 $55,360.71
25960P109 DOUGLAS EMMETT INC US DEI 1,413.3 $39,459.20
260003108 DOVER CORP US DOV 80.61 $8,853.94
26439XAC7 DCP MIDSTREAM OPERATING 8.12500 08/16/2030 US 38,022.46 $45,151.68
264411505 DUKE RLTY INVTS INC US DRE 1,497.32 $57,721.87
26875P101 EOG RESOURCES INC US EOG 14,300.63 $648,390.53
26884L109 EQT CORP US EQT 46,235.32 $733,754.48
26884LAG4 EQT CORP 8.75000 02/01/2030 US 28,516.85 $34,148.93
2715777 QUEBECOR INC -CL B CA QBR/B CN 4,309.85 $106,858.15
277276101 EASTGROUP PROPERTIES US EGP 126.23 $16,809.40
285512109 ELECTRONIC ARTS US EA 7,684.34 $1,071,734.91
2866857 LUNDIN MINING CORP CA LUN CN 9,300.29 $58,253.85
291011104 EMERSON ELEC CO US EMR 350.95 $24,380.31
29273RAR0 ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 US 612,161.68 $659,720.17
29444U700 EQUINIX INC US EQIX 2,023.56 $1,598,163.72
29472R108 EQUITY LIFESTYLE PROPERTIES US ELS 1,014.82 $67,272.39
29476L107 EQUITY RESIDENTIAL US EQR 634.98 $35,844.35
297178105 ESSEX PROPERTY TRUST INC US ESS 75.28 $16,299.84
30212P303 EXPEDIA INC US EXPE 25,372.39 $2,490,300.14
30212PAS4 EXPEDIA GROUP INC 6.25000 05/01/2025 US 285,168.48 $313,350.47
302154BV0 EXPORT-IMPORT BANK KOREA 2.62500 12/30/2020 KR 1,169,190.79 $1,176,742.44
30225T102 EXTRA SPACE STORAGE INC US EXR 189.73 $20,215.96
30231G102 EXXON MOBIL CORP US XOM 14,146.26 $565,001.54
302491303 FMC CORP US FMC 6,832.64 $730,135.58
30264DAA7 FS ENERGY & POWER FUND 7.50000 08/15/2023 US 24,714.6 $22,243.14
30286XAN9 FREMF 2015-K43 B FLT 3.86095 02/25/2048 US 798,471.76 $868,794.44
30291HAA5 FREMF 2013-K28 X2A 0.10000 06/25/2046 US 52,194,195.8 $98,208.60
30291XAE2 FREMF 2014-K715 B FLT 4.11951 02/25/2046 US 665,393.13 $669,645.46
30303M102 FACEBOOK INC -A US FB 5,003.76 $1,467,101.36
311900104 FASTENAL CO US FAST 390.49 $19,079.38
3128M5DD9 FHLM POOL G03400 5.50000 03/01/2037 US 78,298.14 $91,110.62
3128M6NC8 FHLM POOL G04587 5.50000 08/01/2038 US 47,196 $54,621.69
3128M73P9 FHLM POOL G05906 6.00000 04/01/2040 US 33,552.68 $39,537.12
3128MB4Q7 FHLM POOL G13331 5.50000 10/01/2023 US 1,398.03 $1,452.96
3128MBDP9 FHLM POOL G12610 6.00000 03/01/2022 US 2,364.88 $2,411.75
3128MBE45 FHLM POOL G12655 6.00000 05/01/2022 US 1,649.75 $1,688.49
3128MBRH2 FHLM POOL G12988 6.00000 01/01/2023 US 1,678.53 $1,737.40
3128MBUB1 FHLM POOL G13078 6.00000 03/01/2023 US 2,605.81 $2,692.56
3128MJ2U3 FHLM GOLD POOL FG G08786 4.50000 10/01/2047 US 341,295.16 $370,225.85
3128MJJT8 FHLM POOL G08273 5.50000 06/01/2038 US 69,687.35 $80,655.38
3128P76R9 FHLM POOL C91780 4.50000 07/01/2034 US 253,777.32 $279,640.24
3132LMMM5 FHLM POOL K91364 4.50000 11/01/2033 US 126,189.07 $136,537.23
3132LNE83 FHLM POOL K92059 4.50000 09/01/2034 US 172,449.92 $187,809.97
3133A6DB4 FEDERAL NATL MTG ASSN FR QB0098 2.50000 06/01/2050 US 684,500.15 $720,215.91
3135G0Q22 FANNIE MAE 1.87500 09/24/2026 US 1,444,853.66 $1,559,372.00
3136AY6W8 FNA 2017-M15 A1 FLT 3.05797 09/25/2027 US 479,683.93 $521,340.79
3136B1YD0 FNR 2018-31 KP 3.50000 07/25/2047 US 165,320.32 $171,740.57
3137ADTK3 FHMS K014 X1 FLT 1.32366 04/25/2021 US 1,264,791.98 $5,198.55
3137AJMG6 FMHS K016 X1 FLT 1.63779 10/25/2021 US 1,429,995.44 $18,229.73
3137AME78 FHMS K017 X1 FLT 1.43314 12/25/2021 US 9,634,963.66 $106,475.98
3137AUPF0 FHMS K021 x1 FLT 1.54441 06/25/2022 US 4,522,003.55 $88,044.77
3137B3NB0 FHMS K030 X1 FLT 0.28647 04/25/2023 US 16,935,214 $69,727.36
3137B4GZ3 FHMS K032 X1 FLT 0.20559 05/25/2023 US 10,885,207.17 $30,730.03
3137F4YU0 FHR 4791 BA MTGE 4.00000 03/15/2044 US 174,309.99 $177,947.11
3137FG2L8 FHR 4801 BA MTGE 4.50000 05/15/2044 US 103,116.42 $104,514.96
3138ABBY4 FEDERAL NATL MTG ASSN AH9054 4.50000 04/01/2041 US 57,773.65 $64,258.85
3138ASSD5 FEDERAL NATL MTG ASSN AJ1415 4.50000 09/01/2041 US 28,090.19 $31,341.94
3138ETT89 FEDERAL NATL MTG ASSN AL8674 FLT 5.64300 01/01/2049 US 913,189.4 $1,078,866.13
31403DDX4 FEDERAL NATL MTG ASSN 745418 5.50000 04/01/2036 US 164,881.96 $192,896.65
31407EJW4 FEDERAL NATL MTG ASSN 828377 5.50000 06/01/2035 US 86,559.89 $101,498.11
31410FSE6 FEDERAL NATL MTG ASSN 888017 6.00000 11/01/2021 US 1,280.18 $1,298.55
31410FV51 FEDERAL NATL MTG ASSN 888136 6.00000 12/01/2021 US 1,642.84 $1,670.44
31410GCD3 FEDERAL NATL MTG ASSN 888468 5.50000 09/01/2021 US 6,678.28 $6,731.03
31410GN33 FEDERAL NATL MTG ASSN 888810 5.50000 11/01/2022 US 7,367.03 $7,434.76
31410KGB4 FEDERAL NATL MTG ASSN 889494 5.50000 01/01/2037 US 158,537.68 $186,617.17
31411JXP6 FEDERAL NATL MTG ASSN 909786 5.50000 03/01/2037 US 30,028.58 $34,762.84
31416BSW9 FEDERAL NATL MTG ASSN 995233 5.50000 10/01/2021 US 56.43 $56.70
31416BVW5 FEDERAL NATL MTG ASSN 995329 5.50000 12/01/2021 US 4,066.19 $4,100.37
31418BDH6 FEDERAL NATL MTG ASSN MA1903 4.50000 05/01/2034 US 233,640.06 $257,389.24
31418CYJ7 FEDERAL NATL MTG ASSN FN MA3412 3.50000 07/01/2038 US 138,715.69 $146,462.98
31418DNN8 FEDERAL NATL MTG ASSN FN MA3996 2.50000 04/01/2050 US 373,296.3 $386,718.28
31418DQG0 FEDERAL NATL MTG ASSN FN MA4054 2.50000 06/01/2040 US 961,809.62 $1,012,533.93
31418DQZ8 FEDERAL NATL MTG ASSN FN MA4071 2.00000 07/01/2040 US 723,581.61 $747,075.67
31418MG63 FEDERAL NATL MTG ASSN AD0220 6.00000 10/01/2038 US 12,363.57 $14,608.56
31418MQQ8 FEDERAL NATL MTG ASSN AD0462 5.50000 10/01/2024 US 3,088.91 $3,257.51
315786AC7 FIDELITY & GUARA NTY LIFE 5.50000 05/01/2025 US 55,132.57 $60,783.66
316067107 FIDELITY CASH RESERVES US 41,485.51 $41,485.51
316773100 FIFTH THIRD BANCORP US FITB 483.27 $9,984.27
32054K103 FIRST INDUSTRIAL REALTY TR US FR 1,196.95 $51,049.80
33834YAA6 FIVE POINT OP CO LP/FIVE 7.87500 11/15/2025 US 43,725.83 $43,944.46
34461LAA2 FONTAINEBLEAU MIAMI BEACH TRUST 3.14400 12/10/2036 US 368,817.91 $377,784.61
345370CX6 FORD MOTOR COMPANY 9.62500 04/22/2030 US 51,330.33 $67,282.51
345397XU2 FORD MOTOR CREDIT CO LLC 4.38900 01/08/2026 US 28,516.85 $29,010.76
346232AE1 FORESTAR GROUP INC 5.00000 03/01/2028 US 28,516.85 $28,812.85
34960PAB7 FORTRESS TRANS & INFRAST 6.50000 10/01/2025 US 32,319.1 $31,349.52
34960PAC5 FORTRESS TRANS & INFRAST 9.75000 08/01/2027 US 28,516.85 $30,406.66
35166FAA0 FOXTROT ESCROW ISSUER 12.25000 11/15/2026 US 34,220.22 $37,353.76
357081AE8 FREMF 2015-K720 B FLT 3.50986 07/25/2022 US 406,840.37 $419,920.78
36166LAA5 GEMS MENASA KY LTD/GEMS 7.12500 07/31/2026 AE 28,516.85 $27,518.76
36223NTR5 GNMA POOL 312960 9.00000 09/15/2021 US 29.99 $30.09
36237HAA9 G-III APPAREL GROUP LTD 7.87500 08/15/2025 US 45,626.96 $45,341.79
36257MAA3 GSMS 2019-70P A 1.16188 10/15/2036 US 351,707.8 $338,493.68
369550108 GENERAL DYNAMICS CORP US GD 138.4 $20,670.30
369604BQ5 GENERAL ELECTRIC CO 5.00000 01/21/2021 US 532,314.51 $417,622.02
370334104 GENERAL MLS INC US GIS 350.95 $22,443.08
372460105 GENUINE PARTS CO US GPC 119.01 $11,239.33
37255LAA5 GENWORTH MORTGAGE HLDING 6.50000 08/15/2025 US 45,626.96 $48,085.34
374297109 GETTY REALTY CORP US GTY 1,184.78 $34,702.21
375558103 GILEAD SCIENCES INC US GILD 521.67 $34,821.35
37953TAB1 GLOBAL SHIP LEASE INC 9.87500 11/15/2022 MH 76,044.93 $74,428.97
38379RRX3 GNR 2017-54 AH MTGE 2.60000 12/16/2056 US 465,386.09 $487,947.17
384802104 WW GRAINGER INC US GWW 28.14 $10,281.97
388689101 GRAPHIC PACKAGING HOLDING CO US GPK 104,390.68 $1,459,381.66
400506101 GRUPO AEROPORTUARIO PAC-ADR MX PAC 420.15 $32,553.09
40051E202 GRUPO AEROPORTUARIO DEL SURESTE MX ASR 336.5 $38,179.16
4012250 AIRBUS SE FR AIR FP 313.69 $25,796.64
4031976 ADIDAS AG DE ADS GR 2,693.89 $819,741.28
404119BX6 HCA INC 4.12500 06/15/2029 US 494,292.04 $569,508.46
416515104 HARTFORD FINL SVCS US HIG 256.65 $10,381.56
418751AD5 HAT HOLDINGS I LLC/HAT 3.75000 09/15/2030 US 32,319.1 $32,480.69
421946104 HEALTHCARE REALTY TRUST INC US HR 641.82 $18,516.48
42225P501 HEALTHCARE TRUST OF AMERICA US HTA 1,138.01 $30,032.15
42250P103 HEALTHPEAK PROPERTIES INC US PEAK 2,825.83 $78,105.93
427866108 HERSHEY CO/THE US HSY 122.43 $18,198.34
431571AB4 HILLENBRAND INC 4.50000 09/15/2026 US 43,725.83 $46,895.96
43300A203 HILTON WORLDWIDE HOLDINGS INC US HLT 9,143.26 $826,185.16
437076102 HOME DEPOT INC US HD 319.77 $91,146.94
438516106 HONEYWELL INTERNATIONAL INC US HON 266.16 $44,062.33
440452100 HORMEL FOODS CORP US HRL 250.19 $12,754.57
443201AA6 HOWMET AEROSPACE INC 6.87500 05/01/2025 US 45,626.96 $51,862.96
444454AD4 HUGHES SATELLITE SYSTEMS 5.25000 08/01/2026 US 28,516.85 $31,154.66
450913AE8 IAMGOLD CORP 7.00000 04/15/2025 CA 55,132.57 $57,889.20
452308109 ILLINOIS TOOL WKS INC US ITW 155.13 $30,646.26
45337C102 INCYTE CORP US INCY 5,486.64 $528,637.92
45569LAA9 INDIGO NATURAL RES LLC 6.87500 02/15/2026 US 30,417.97 $31,102.38
45682RAA8 INFRABUILD AUSTRALIA PTY 12.00000 10/01/2024 AU 45,626.96 $43,345.61
45778Q107 INSPERITY INC US NSP 12,186.2 $820,984.29
458140100 INTEL CORP US INTC 1,223.56 $62,340.53
45857P806 INTERCONTINENTAL HOTELS-ADR GB IHG 6,399.18 $370,896.52
45866F104 INTERCONTINENTALEXCHANGE INC US ICE 15,720.39 $1,669,976.82
459200101 INTERNATIONAL BUSINESS MACH CORP US IBM 346 $42,665.81
459506101 INTERNATIONAL FLVRS & FRAGRANCES US IFF 58.93 $7,295.54
46116VAE5 INTL FC STORE INC 8.62500 06/15/2025 US 72,242.68 $78,202.70
46187BAA1 IHSFR 2017-SFR2 A 1.01188 12/17/2036 US 170,571.52 $169,309.94
46187BAB9 IHSFR 2017-SFR2 B 1.31188 12/17/2036 US 140,683.12 $140,443.79
46187W107 INVITATION HOMES INC US INVH 3,703.77 $106,038.89
46284VAN1 IRON MOUNTAIN INC 4.50000 02/15/2031 US 30,417.97 $31,220.09
465410BX5 ITALY GOV'T INT BOND 2.37500 10/17/2024 IT 190,112.32 $196,617.14
46625H100 JP MORGAN CHASE & CO US JPM 775.28 $77,675.11
46639GAL0 JPMMT 2013-1 1A2 3.00000 03/25/2043 US 103,995.65 $105,839.91
46640BAC8 JPMMT 2013-2 A2 3.50000 05/25/2043 US 118,119.5 $123,487.78
46641YAA1 JPMMT 2014-2 1A1 3.00000 06/25/2029 US 221,305.92 $223,849.41
46647PBP0 JPMORGAN CHASE & CO 2.95600 05/13/2031 US 612,161.68 $658,424.88
46647SAJ9 JPMMT 2017-3 1A5 3.50000 08/25/2047 US 116,935.09 $117,382.69
478160104 JOHNSON & JOHNSON US JNJ 15,978.94 $2,451,329.30
47987LAA9 JONAH NRG LLC/FINANCE 7.25000 10/15/2025 US 34,220.22 $4,790.83
48088LAB3 JOSEPH T RYERSON & SON 8.50000 08/01/2028 US 26,615.73 $29,077.68
482480100 KLA-TENCOR CORPORATION US KLAC 96.58 $19,811.82
487526AB1 KEHE DISTRIBUTORS LLC/FI 8.62500 10/15/2026 US 45,626.96 $49,619.32
49427F108 KILROY REALTY CORP US KRC 992.77 $58,096.70
494368103 KIMBERLY CLARK CORP US KMB 175.28 $27,652.73
494550AW6 KINDER MORGAN ENER PART 6.95000 01/15/2038 US 528,512.26 $703,063.14
501044101 KROGER CO US KR 496.19 $17,704.17
505742AG1 LADDER CAP FIN LLLP/CORP 5.25000 10/01/2025 US 43,725.83 $41,539.54
5107401 BEIERSDORF AG DE BEI GR 794.67 $91,855.41
512816109 LAMAR ADVERTISING CO-A US LAMR 425.09 $29,429.06
53223X107 LIFE STORAGE INC US LSI 480.22 $50,629.99
532457108 ELI LILLY & CO US LLY 249.43 $37,012.53
539473AE8 LLOYDS BANK PLC 12.00000 12/16/2024 GB 38,022.46 $44,431.08
539830109 LOCKHEED MARTIN CORP US LMT 108.74 $42,438.53
541056AA5 LOGAN MERGER SUB INC 5.50000 09/01/2027 US 24,714.6 $25,201.23
54238XAC2 LONESTAR RESOURCES AMERICA 11.25000 01/01/2023 US 49,429.2 $7,908.67
550021109 LULULEMON - ADR CA LULU 2,149.79 $807,611.67
552697AQ7 MDC PARTNERS INC 6.50000 05/01/2024 CA 30,417.97 $29,049.16
552848AG8 MGIC INVESTMENT CORP 5.25000 08/15/2028 US 45,626.96 $47,908.31
56585A102 MARATHON PETROLEUM CORP US MPC 448.28 $15,896.18
573284106 MARTIN MARIETTA MATERIALS US MLM 1,758.54 $356,754.80
57636Q104 MASTERCARD INC-CLASS A US MA 9,056.95 $3,244,109.31
577128AA9 MATTHEWS INTERNATIONAL C 5.25000 12/01/2025 US 9,505.62 $8,982.81
58933Y105 MERCK & CO INC US MRK 784.02 $66,853.66
594918104 MICROSOFT CORP US MSFT 6,665.34 $1,503,233.69
595112103 MICRON TECHNOLOGY INC US MU 39,828.53 $1,812,596.48
59522J103 MID-AMERICA APARTMENT COMM US MAA 640.68 $75,036.27
609207105 MONDELEZ INTERNATIONAL INC US MDLZ 28,089.48 $1,640,987.19
615369105 MOODY'S CORPORATION US MCO 2,273.74 $669,935.75
61965RAA3 MOSS CREEK RESOURCES HLD 7.50000 01/15/2026 US 45,626.96 $31,254.47
62426EAA3 MOUNTAIN PROVINCE DIAMON 8.00000 12/15/2022 CA 15,208.99 $11,102.56
6253983 ARISTOCRAT LEISURE LTD AU ALL AU 775.66 $16,158.59
62913TAJ1 NGL ENRGY PART LP/FIN CO 7.50000 11/01/2023 US 28,516.85 $20,817.30
6321954 TRAVELSKY TECHNOLOGY LTD-H CN 696 HK 3,422.02 $7,106.29
63938CAH1 NAVIENT CORP 6.75000 06/25/2025 US 43,725.83 $45,584.18
63938EAC8 NAVSL 2014-1 A3 FLT 0.68513 06/25/2031 US 305,149.74 $294,677.95
63938NAF1 NAVIOS SA LOGIST/FIN US 10.75000 07/01/2025 MH 17,110.11 $18,521.69
64110D104 NETAPP INC US NTAP 160.84 $7,621.97
644393AA8 NEW FORTRESS ENERGY INC 6.75000 09/15/2025 US 60,835.94 $61,730.23
64829DAG1 NRZT 2014-3A AFX3 3.75000 11/25/2054 US 145,684.26 $155,963.70
64829EAA2 NRZT 2015-2A A1 3.75000 08/25/2055 US 272,208.83 $293,879.70
64829LAA6 NRZT 2016-4A A1 3.75000 11/25/2056 US 503,640.89 $540,151.93
655844108 NORFOLK SOUTHN CORP US NSC 96.96 $20,606.33
6642321 NIKON CORP JP 7731 JP 72,775 $569,951.50
66727WAA0 NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 CA 140,683.12 $2,250.93
66987V109 NOVARTIS AG- REG CH NVS 28,841.94 $2,482,137.40
670346105 NUCOR CORP US NUE 250.57 $11,390.82
67401PAB4 OAKTREE SPECIALTY LEND 3.50000 02/25/2025 US 28,516.85 $28,706.99
6742340 SHANDONG WEIGAO CN 1066 HK 50,189.65 $116,945.90
674599EA9 OCCIDENTAL PETROLEUM COR 8.87500 07/15/2030 US 28,516.85 $32,224.04
675232AB8 OCEANEERING INTL INC 6.00000 02/01/2028 US 41,824.71 $26,391.39
6821506 SONY CORP FIRST SECTION JP 6758 JP 684.4 $53,591.88
682189AQ8 ON SEMICONDUCTOR CORP 3.87500 09/01/2028 US 28,516.85 $29,756.76
68389X105 ORACLE CORP US ORCL 715.58 $40,945.65
68555PAA8 ORBCOMM INC 8.00000 04/01/2024 US 45,626.96 $44,372.22
69144AAA7 OXFIN 2020-1A A2 3.10100 02/15/2028 US 304,179.72 $308,557.75
69145LAA2 OXFORD FIN LLC/CO-ISS II 6.37500 12/15/2022 US 9,505.62 $9,057.62
69327RAJ0 PDC ENERGY INC 5.75000 05/15/2026 US 26,615.73 $27,227.89
693456AW5 PMTLT 2013-J1 a9 3.50000 09/25/2043 US 232,686.41 $245,184.86
693475105 PNC FINANCIAL SERVICES GROUP US PNC 155.89 $17,335.20
693506107 PPG INDUSTRIES INC US PPG 108.74 $13,092.81
69354NAC0 PRA GROUP INC 7.37500 09/01/2025 US 43,725.83 $46,607.37
701094104 PARKER HANNIFIN CORP US PH 66.16 $13,629.43
7021963 DEUTSCHE BOERSE AG DE DB1 GR 874.52 $165,444.95
70450Y103 PAYPAL HOLDINGS INC US PYPL 4,828.85 $985,762.05
7123870 NESTLE SA-REGISTERED CH NESN SW 14,298.35 $1,722,195.05
713448108 PEPSICO INC US PEP 5,423.9 $759,672.08
717081103 PFIZER INC US PFE 1,798.84 $67,978.27
719245AD4 PHOTO HOLDINGS MERGER SU 8.50000 10/01/2026 US 38,022.46 $34,944.93
71943U104 PHYSICIANS REALTY TRUST US DOC 1,199.61 $21,772.90
723787107 PIONEER NATURAL RESOURCES CO US PXD 11,492.29 $1,194,393.69
741503AZ9 BOOKING HOLDINGS INC 3.60000 06/01/2026 US 988,584.08 $1,109,815.09
74166MAE6 PRIME SECSRVC BRW/FINANC 6.25000 01/15/2028 US 28,516.85 $29,942.69
74340W103 PROLOGIS US PLD 2,460.43 $250,619.78
74460D109 PUBLIC STORAGE INC US PSA 334.6 $71,068.55
747525103 QUALCOMM INC US QCOM 341.06 $40,620.43
74834L100 QUEST DIAGNOSTICS INC US DGX 100.38 $11,166.19
750236AW1 RADIAN GROUP INC 4.87500 03/15/2027 US 64,638.19 $64,832.10
75513E101 RAYTHEON TECHNOLOGIES CORP US RTX 565.39 $34,489.04
756109104 REALTY INCOME CORP US O 418.25 $25,943.87
758849103 REGENCY CENTERS CORP US REG 296.58 $11,777.00
7591EP100 REGIONS FINANCIAL CORP. US RF 701.89 $8,113.90
76131D103 RESTAURANT BRANDS INTERN CA QSR 1,859.3 $100,662.42
76169C100 REXFORD INDUSTRIAL REALITY IN US REXR 1,118.62 $53,671.43
7698356 GETINGE AB-B SHS SE GETIB SS 4,066.5 $90,606.40
773903109 ROCKWELL AUTOMATION INC US ROK 68.82 $15,865.23
778296AE3 ROSS STORES INC 5.45000 04/15/2050 US 201,519.06 $259,115.18
780259107 ROYAL DUTCH SHELL PLC-ADR B NL RDS/B 9,239.46 $259,628.80
783513203 RYANAIR HOLDINGS - ADR IE RYAAY 14,389.98 $1,164,149.54
78409V104 S&P GLOBAL INC US SPGI 1,589.34 $582,365.60
78410G104 SBA COMMUNICATIONS CORP US SBAC 3,319.36 $1,015,956.87
78442PGC4 SLM CORP 5.12500 04/05/2022 US 66,539.31 $68,535.49
78449UAB4 SMB 2020-A A2A MTGE 2.23000 09/15/2037 US 401,137 $415,247.96
78449XAA0 SMB 2020-BA A1A 1.29000 07/15/2053 US 549,424.61 $548,769.26
785592AV8 SABINE PASS LIQUEFACTION 5.87500 06/30/2026 US 737,635.81 $887,171.33
79466L302 SALESFORCE.COM US CRM 6,326.94 $1,725,039.68
806857108 SCHLUMBERGER LTD NL SLB 23,402.83 $444,887.74
81141R100 SEA LTD - ADR SG SE 467.68 $71,465.62
81745BAB1 SEMT 2013-6 A2 3.00000 05/25/2043 US 313,954.56 $328,463.52
81745CAB9 SEMT 2013-7 A2 3.00000 06/25/2043 US 135,659.79 $139,535.44
81745EAA7 SEMT 2013-8 A1 3.00000 06/25/2043 US 181,231.12 $186,437.98
81745MAA9 SEMT 2013-2 1.87400 02/25/2043 US 151,615.66 $152,727.12
81762P102 SERVICENOW INC US NOW 1,520.9 $733,103.54
83088M102 SKYWORKS SOLUTIONS INC US SWKS 88.59 $12,832.60
832696405 JM SMUCKER CO/THE-NEW COM WI US SJM 85.93 $10,327.16
83401BAB2 SOFI 2017-F A2FX 2.84000 01/25/2041 US 74,755.23 $76,781.17
83404RAB4 SOFI 2018-B A2FX MTGE 3.34000 08/25/2047 US 326,993.2 $337,631.49
83406TAB8 SOFI 2020-A A2FX MTGE 2.54000 05/15/2046 US 252,849.39 $262,916.59
844741BJ6 SOUTHWEST AIRLINES CO 5.25000 05/04/2025 US 490,489.79 $535,335.06
85172FAN9 SPRINGLEAF FINANCE CORP 7.12500 03/15/2026 US 30,417.97 $34,904.47
85254J102 STAG INDUSTRIAL INC US STAG 871.47 $28,148.64
854502101 STANLEY WORKS/THE US SWK 78.33 $12,634.03
85571BAL9 STARWOOD PROPERTY TRUST 4.75000 03/15/2025 US 45,626.96 $43,915.95
85571XAA5 SRPT 2014-STAR A FLTG RATE 1.63188 11/15/2027 US 505,513.39 $353,970.44
861036AA9 STL HOLDING CO LLC 7.50000 02/15/2026 US 41,824.71 $42,347.52
866674104 SUN COMMUNITIES US SUI 739.92 $110,306.85
87105L104 SWITCH INC - A US SWCH 2,894.27 $49,781.44
871829107 SYSCO CORP US SYY 13,717.74 $824,985.17
872540AU3 TJX COS INC 4.50000 04/15/2050 US 292,772.98 $372,466.66
87422VAJ7 TALEN ENERGY SUPPLY LLC 7.62500 06/01/2028 US 41,824.71 $43,221.24
87677QAA9 TXEZ 2016-1A 3.13100 06/15/2028 US 89,850.43 $90,032.36
87854WAA1 TECHNIPLAS LLC 10.00000 05/01/2020 US 20,912.36 $4,653.00
88032WAN6 TENCENT HOLDINGS 3.97500 04/11/2029 KY 494,292.04 $570,408.25
88146M101 TERRENO REALTY CORP US TRNO 629.65 $37,552.45
882508104 TEXAS INSTRUMENTS INC US TXN 343.72 $48,860.24
883556102 THERMO FISHER SCIENTIFIC INC US TMO 1,737.63 $745,407.07
88579Y101 3M CO US MMM 245.63 $40,041.81
89151E109 TOTAL S A SPONSORED ADR FR TOT 17,439 $690,061.37
89173CAA5 TPMT 2016-5 A1 2.50000 10/25/2056 US 588,246.07 $600,664.77
89173FAA8 TPMT 2017-1 A1 2.75000 10/25/2056 US 319,586.85 $328,591.41
89177EAA7 TPMT 2019-HY1 A1 1.17513 10/25/2048 US 286,855.09 $286,258.03
892231AA9 TOWNSQUARE MEDIA INC 6.50000 04/01/2023 US 40,684.04 $37,531.02
89417E109 TRAVELLERS COS INC US TRV 142.2 $16,501.35
89613BAA5 TAH 2016-SFR1 A 2.58900 11/17/2033 US 807,869.62 $809,996.18
89613FAA6 TAH 2017-SFR2 A 2.92800 01/17/2036 US 283,130.01 $293,379.31
89613GAA4 TAH 2020-SFR1 A 1.49900 07/17/2038 US 471,478.56 $471,382.43
89832Q109 TRUIST FINANCIAL CORP US TFC 689.73 $26,768.32
901109AF5 TUTOR PERINI CORP 6.87500 05/01/2025 US 74,143.81 $71,363.41
902494103 TYSON FOODS INC -CL A US TSN 207.98 $13,061.32
902653104 UDR INC US UDR 595.81 $20,740.22
902973304 U.S. BANCORP US USB 733.45 $26,697.70
904767704 UNILEVER PLC - ADR GB UL 41,500 $2,472,569.96
907818108 UNION PAC CORP US UNP 264.26 $50,853.45
91086QBG2 UNITED MEXICAN STATES 4.12500 01/21/2026 MX 76,044.93 $84,828.12
9127963S6 TREASURY BILL 0.00000 07/15/2021 US 1,216,718.87 $1,215,272.49
912810FS2 TSY INFL IX N/B 2.00000 01/15/2026 US 2,022,366.47 $2,406,892.60
912810RX8 US TREASURY N/B 3.00000 05/15/2047 US 2,546,744.68 $3,443,875.28
912828K74 US TREASURY N/B 2.00000 08/15/2025 US 3,037,994.93 $3,296,343.16
912828YN4 US TREASURY FRN FLT 0.40503 10/31/2021 US 1,778,310.67 $1,784,060.45
912828ZJ2 TSY INFL IX N/B 0.12500 04/15/2025 US 1,419,267.2 $1,526,211.20
91704F104 URBAN EDGE PROPERTIES US UE 1,916.33 $20,236.47
918204108 VF CORP US VFC 240.3 $15,799.85
91913Y100 VALERO ENERGY US VLO 252.47 $13,277.35
92343VDU5 VERIZON COMMUNICATIONS 5.25000 03/16/2037 US 821,285.24 $1,115,647.75
92826C839 VISA INC - CLASS A SHARES US V 15,636.74 $3,314,832.21
92826CAK8 VISA INC 2.70000 04/15/2040 US 585,545.96 $632,485.14
928668BE1 VOLKSWAGEN GROUP AMERICA 3.35000 05/13/2025 US 357,411.17 $392,832.48
929160109 VULCAN MATERIALS CO US VMC 6,235.68 $748,282.10
93065PAA9 WBHT 2019-WBM A FLT 1.21188 12/15/2033 US 431,554.97 $409,961.43
931142103 WAL MART STORES US WMT 687.07 $95,399.11
94106L109 WASTE MANAGEMENT INC US WM 215.97 $24,620.31
949746101 WELLS FARGO COMPANY US WFC 1,552.08 $37,482.66
95040Q104 WELLTOWER INC. US WELL 910.26 $52,358.03
95081QAP9 WESCO DISTRIBUTION INC 7.25000 06/15/2028 US 43,725.83 $48,775.51
962178AN9 TRI POINTE GROUP / HOMES 5.87500 06/15/2024 US 43,725.83 $47,442.53
966387AH5 WHITING PETROLEUM CORP 5.75000 03/15/2021 US 148,287.61 $33,364.71
96949LAD7 WILLIAMS PARTNERS LP 3.75000 06/15/2027 US 505,698.78 $558,720.82
97652TAA1 WIN 2015-1 A1 3.50000 01/20/2045 US 138,555.26 $142,656.51
98311A105 WYNDHAM HOTELS & RESORTS INC US WH 828.89 $43,400.67
983919101 XILINX INC US XLNX 119.01 $12,396.11
B02J639 ADMIRAL GROUP PLC GB ADM LN 5,499.95 $191,902.45
B1KFX13 GRUPO AEROPORTUARIO DEL CENT MX OMAB MM 6,653.93 $30,472.10
B1Y47Y7 GERRESHEIMER AG DE GXI GR 992.39 $117,064.12
B1Y9TB3 DANONE FR BN FP 1,963.1 $129,086.30
B3QJ0H8 TOURMALINE OIL CORP CA TOU CN 8,606.38 $109,332.46
B3ZD2V9 MEX BONOS DESARR FIX RT 6.50000 06/10/2021 MX 475,280.81 $22,034.25
B4888C1 CANADIAN GOVERNMENT FLT 2.75000 06/01/2022 CA 201,519.06 $161,227.61
B4NDCC9 MEX BONOS DESARR FIX RT 6.50000 06/09/2022 MX 1,178,696.4 $55,648.99
B4YVF56 BRENNTAG AG DE BNR GR 1,306.07 $81,833.53
B63QM77 NEXON CO LTD JP 3659 JP 67,851.09 $1,587,675.17
B6TC406 MEX BONOS DESARR FIX RT 7.75000 05/29/2031 MX 570,336.97 $29,452.55
BBG00W89CJ51 BABA US 09/04/20 P240 CN -21.29 -$127.76
BBG00WD4YYY7 COG US 09/11/20 C20 US -257.79 -$2,577.92
BBG00WD57V16 CRM US 09/11/20 C230 US -22.43 -$89,957.35
BBG00WDJ9S48 PYPL US 09/11/20 P195 US -26.24 -$3,935.33
BBG00WN64F39 FB US 09/11/20 C282.5 US -18.25 -$29,566.27
BBQ3850 KEYWORDS STUDIOS PLC IE KWS LN 935.35 $27,482.42
BD6K457 COMPASS GROUP PLC GB CPG LN 1,281.36 $20,734.96
BGHQ198 HIBERNIA REIT PLC IE HBRN ID 18,408.2 $26,165.26
BH8295835 SAUDI INTERNATIONAL BOND 2.90000 10/22/2025 SA 76,044.93 $80,610.67
BHJYC05 INTERCONTINENTAL HOTELS GROUP GB IHG LN 931.55 $53,785.56
BJ2KSG2 AKZO NOBEL NL AKZA NA 876.8 $86,542.78
BJVB695 BUONI POLIENNALI DEL TES 2.45000 09/01/2050 IT 174,903.34 $227,135.56
BK0939417 AMERICAN TANKER INC 7.75000 07/02/2025 US 76,044.93 $76,524.01
BMMV2K8 TENCENT HOLDINGS LTD CN 700 HK 24,837.79 $1,696,877.44
BNGN9Z1 FINECOBANK SPA IT FBK IM 11,465.67 $173,573.79
BP9DL90 INDUSTRIA DE DISENO TEXTIL ES ITX SM 3,562.7 $100,173.10
BVYVFW2 AUTO TRADER GROUP PLC GB AUTO LN 7,247.08 $54,178.56
BYPC1T4 ASSA ABLOY AB-B SE ASSAB SS 2,498.08 $57,871.18
BYYHL23 ANHEUSER-BUSCH INBEV SA/NV BE ABI BB 14,387.7 $836,203.45
BZ0VW78 BINGO INDUSTRIES LTD AU BIN AU 32,995.89 $54,012.06
BZ1HM42 ADYEN NV NL ADYEN NA 22.81 $38,455.46
G0772R208 BANK OF N.T. BUTTERFIELD&SON BM NTB 2,121.65 $53,465.67
G1151C101 ACCENTURE PLC - CL A IE ACN 617.1 $148,061.91
G29183103 EATON CORP PLC US ETN 227.75 $23,253.74
G51502105 JOHNSON CONTROLS INTERNATIONAL US JCI 502.66 $20,473.22
G5494J103 LINDE PLC GB LIN 150.57 $37,603.09
G5960L103 MEDTRONIC INC IE MDT 8,877.1 $954,022.46
G85158106 STONECO LTD-A BR STNE 809.88 $41,303.80
G8994E103 TRANE TECHNOLOGIES IE TT 116.35 $13,774.53
G97822103 PERRIGO CO PLC IE PRGO 1,657.78 $86,701.87
H01301128 ALCON INC CH ALC 35,774.58 $2,051,314.22
H1467J104 CHUBB LTD CH CB 201.52 $25,189.88
H2906T109 GARMIN LTD CH GRMN 102.66 $10,636.67
N53745100 LYONDELLBASELL INDU-CL A US LYB 222.05 $14,539.91
USD US DOLLAR US 9,006,021.31 $9,006,021.31
ZO1818103 NAVIGATOR HOLDINGS LTD 8.00000 09/10/2025 MH 57,033.7 $57,171.15

Based on the investments of the underlying fund(s): Manning & Napier Pro-Mix® Extended 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 45 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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