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Retirement Target 2030 CIT
Retirement Target 2030 CIT
Pro-Mix® Conservative Term CIT
Pro-Mix® Extended Term CIT
Pro-Mix® Maximum Term CIT
Pro-Mix® Moderate Term CIT
Retirement Target 2020 CIT
Retirement Target 2025 CIT
Retirement Target 2030 CIT
Retirement Target 2035 CIT
Retirement Target 2040 CIT
Retirement Target 2045 CIT
Retirement Target 2050 CIT
Retirement Target 2055 CIT
Retirement Target 2060 CIT
Retirement Target Income CIT
Investment Objective
To provide 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.
Daily Price
$15.75
Daily $ Change
$0.02
Daily % Change
0.13%
as of 01/14/2021
CUSIP
56382R845
Inception Date
04/17/2015
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 12/31/2020
YTD
---
1 Year
18.63%
3 Year
11.15%
5 Year
10.73%
10 Year
8.57%
Inception
(01/01/2000)
7.86%
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 (01/06/2005) 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 | 0.49% |
| 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 12/31/2020
| TREASURY NOTES | 8.03% |
| GOVERNMENT AGENCY | 5.06% |
| TREASURY BONDS | 2.44% |
| NOVARTIS AG- REG | 1.74% |
| EXPEDIA INC | 1.72% |
| UNILEVER PLC - ADR | 1.71% |
| JOHNSON & JOHNSON | 1.62% |
| MASTERCARD INC-CLASS A | 1.58% |
| AMAZON.COM INC | 1.57% |
| VISA INC - CLASS A SHARES | 1.55% |
This investment list is unaudited and excludes cash.
Asset Allocation
As of 12/31/2020
| Stocks | 59.80% |
| Bonds | 39.33% |
| Cash | 0.87% |
Detailed Asset Class Allocation
As of 12/31/2020
| International Equities | 16.92% |
| Small Capitalization | 2.41% |
| Mid Capitalization | 9.32% |
| Large Capitalization | 31.15% |
| Long Term Fixed Income | 13.35% |
| Intermediate Term Fixed Income | 23.78% |
| Short Term Fixed Income | 2.20% |
| Cash | 0.87% |
Due to rounding, the sum of the detailed asset class allocation categories may not equal the asset allocation totals provided above.
December Fund Holdings
As of 12/31/2020
| CUSIP | Security Description | Country | Ticker | Shares/Par | Market Value (USD) |
|---|---|---|---|---|---|
| 00206RDQ2 | AT&T INC 4.25000 03/01/2027 | US | 197,574.9 | $231,109.92 | |
| 00287Y109 | ABBVIE INC | US | ABBV | 424.45 | $45,479.32 |
| 00507V109 | ACTIVISION INC | US | ATVI | 11,227.7 | $1,042,492.40 |
| 00653VAA9 | ADAPTHEALTH LLC 6.12500 08/01/2028 | US | 39,174.33 | $42,063.44 | |
| 00774MAG0 | AERCAP IRELAND CAP / GLOBA 4.45000 10/01/2025 | IE | 592,724.71 | $660,222.50 | |
| 00791GAA5 | AG MERGER SUB II INC 10.75000 08/01/2027 | US | 40,877.57 | $45,169.71 | |
| 00842XAA7 | AFFINITY GAMING 6.87500 12/15/2027 | US | 28,954.94 | $30,338.70 | |
| 008492100 | AGREE REALTY CORP | US | ADC | 961.99 | $64,048.99 |
| 00912XAV6 | AIR LEASE CORP 3.62500 04/01/2027 | US | 449,653.23 | $481,889.80 | |
| 01166WAA5 | ALASKA AIR 2020-1 CL B 8.00000 08/15/2025 | US | 52,800.19 | $57,354.32 | |
| 01609W102 | ALIBABA GROUP - ADR | CN | BABA | 3,958.31 | $921,217.72 |
| 01609WAT9 | ALIBABA GROUP HOLDING 3.40000 12/06/2027 | KY | 705,138.02 | $789,402.96 | |
| 020002101 | ALLSTATE CORPORATION | US | ALL | 124.68 | $13,705.70 |
| 02079K305 | ALPHABET INC-CL A | US | GOOGL | 1,032.16 | $1,809,002.36 |
| 023135106 | AMAZON.COM INC | US | AMZN | 596.13 | $1,941,557.51 |
| 0237400 | DIAGEO PLC | GB | DGE LN | 13,922.9 | $550,911.89 |
| 024835100 | AMERICAN CAMPUS COMMUNITIES | US | ACC | 1,155.13 | $49,404.99 |
| 025816109 | AMERICAN EXPRESS CO | US | AXP | 6,301.96 | $761,969.76 |
| 02665T306 | AMERICAN HOMES 4 RENT- A | US | AMH | 2,968.73 | $89,062.00 |
| 03027X100 | AMERICAN TOWER REIT INC | US | AMT | 3,900.4 | $875,484.04 |
| 03027XAW0 | AMERICAN TOWER CORP 3.80000 08/15/2029 | US | 592,724.71 | $689,124.06 | |
| 03064D108 | AMERICOLD REALTY TRUST | US | COLD | 2,629.11 | $98,144.63 |
| 032654105 | ANALOG DEVICES INC | US | ADI | 114.12 | $16,858.44 |
| 03690AAD8 | ANTERO MIDSTREAM PART / FI 5.75000 03/01/2027 | US | 44,284.03 | $43,509.06 | |
| 03690AAF3 | ANTERO MIDSTREAM PART/FI 5.75000 01/15/2028 | US | 28,954.94 | $27,802.54 | |
| 03690EAA6 | ANTERO MIDSTREAM PART/FI 7.87500 05/15/2026 | US | 11,922.62 | $12,311.06 | |
| 03750L109 | APARTMENT INCOME REIT CO | US | AIRC | 1,020.58 | $39,200.35 |
| 03784Y200 | APPLE HOSPITALITY REIT INC | US | APLE | 4,048.58 | $52,267.20 |
| 039483102 | ARCHER-DANIELS-MIDLAND CO | US | ADM | 253.44 | $12,775.96 |
| 04364VAR4 | ASCENT RESOURCES 8.25000 12/31/2028 | US | 23,845.25 | $23,785.63 | |
| 045054AJ2 | ASHTEAD CAPITAL INC 4.00000 05/01/2028 | US | 204,387.83 | $217,088.49 | |
| 053015103 | AUTOMATIC DATA PROCESSING | US | ADP | 109.35 | $19,267.03 |
| 053484101 | AVALONBAY COMMUNITIES INC | US | AVB | 308.29 | $49,458.16 |
| 05401AAJ0 | AVOLON HOLDINGS FNDG LTD 3.25000 02/15/2027 | KY | 258,891.25 | $264,151.47 | |
| 055622104 | BP PLC-SPONS ADR | GB | BP | 13,038.24 | $267,544.69 |
| 05722G100 | BAKER HUGHES CO | US | BKR | 504.84 | $10,525.87 |
| 060505104 | BANK OF AMERICA CORP | US | BAC | 1,824.16 | $55,290.33 |
| 06051GFM6 | BANK OF AMERICA CORP 4.00000 01/22/2025 | US | 306,581.75 | $344,500.24 | |
| 071734AH0 | BAUSCH HEALTH COS INC 5.00000 01/30/2028 | CA | 39,174.33 | $40,370.72 | |
| 084423102 | WR BERKLEY CORP | US | WRB | 11,977.13 | $795,520.77 |
| 084670702 | BERKSHIRE HATHAWAY INC-CL B | US | BRK/B | 5,463.97 | $1,266,930.27 |
| 086516101 | BEST BUY INC | US | BBY | 147.16 | $14,685.02 |
| 09061G101 | BIOMARIN PHARMACEUTICAL INC | US | BMRN | 9,987.75 | $875,825.98 |
| 0963318 | DECHRA PHARMACEUTICALS PLC | GB | DPH LN | 1,205.89 | $56,793.37 |
| 105368203 | BRANDYWINE REALTY TRUST | US | BDN | 2,607.65 | $31,057.09 |
| 110122108 | BRISTOL MYERS SQUIBB CO | US | BMY | 602.26 | $37,358.36 |
| 116ESCAD6 | BRUIN E&P PARTNERS LLC 0.00000 08/01/2023 | US | 131,148.86 | $13.11 | |
| 12467AAF5 | C&S GROUP ENTERPRISES LL 5.00000 12/15/2028 | US | 42,580.8 | $42,456.46 | |
| 12503M108 | CBOE GLOBAL MARKETS INC | US | CBOE | 3,372.4 | $314,037.82 |
| 12514G108 | CDW CORP/DE | US | CDW | 4,666.86 | $615,044.89 |
| 12530MAA3 | SORT 2020-1 A1 MTGE 1.69000 07/15/2060 | US | 243,829.28 | $248,368.18 | |
| 12530MAB1 | SORT 2020-1 A2 1.99000 07/15/2060 | US | 202,337.9 | $204,921.37 | |
| 12541W209 | C.H. ROBINSON WORLDWIDE INC | US | CHRW | 90.61 | $8,505.74 |
| 12555DAA3 | CIM 2019-INV1 A1 4.00000 02/25/2049 | US | 73,425.73 | $75,479.96 | |
| 12572Q105 | CME GROUP INC | US | CME | 1,696.42 | $308,833.08 |
| 12646XAH5 | CSMC 2013-IVR3 A1 2.50000 05/25/2043 | US | 150,774.18 | $153,481.44 | |
| 12654TAA8 | CNX MIDSTREAM PTR/CNX 6.50000 03/15/2026 | US | 28,954.94 | $29,461.65 | |
| 127097103 | CABOT OIL & GAS CORP | US | COG | 89,426.49 | $1,455,863.25 |
| 133131102 | CAMDEN PROPERTY TRUST | US | CPT | 627.13 | $62,662.83 |
| 13321L108 | CAMECO CORP | CA | CCJ | 60,018.15 | $804,243.16 |
| 14174T107 | CARETRUST REIT INC | US | CTRE | 1,266.52 | $28,091.49 |
| 149123101 | CATERPILLAR INC | US | CAT | 190.42 | $34,660.49 |
| 14980AAA0 | CAZENOVIA CREEK FUNDING LLC 3.56070 07/15/2030 | US | 107,442.58 | $107,899.00 | |
| 16119P108 | CHARTER COMMUNICATIONS INC-A | US | CHTR | 1,863.34 | $1,232,689.75 |
| 172062101 | CINCINNATI FINANCIAL CORP | US | CINF | 71.54 | $6,250.08 |
| 17275R102 | CISCO SYSTEMS INC | US | CSCO | 1,050.21 | $46,997.02 |
| 172967424 | CITIGROUP INC | US | C | 546.74 | $33,711.83 |
| 172967KA8 | CITIGROUP INCA 4.45000 09/29/2027 | US | 388,336.88 | $459,067.85 | |
| 191216100 | COCA COLA CO/THE | US | KO | 23,313.84 | $1,278,530.91 |
| 194162103 | COLGATE-PALMOLIVE CO | US | CL | 314.42 | $26,885.76 |
| 20030N101 | COMCAST CORP-CL A | US | CMCSA | 816.19 | $42,768.29 |
| 20030NCY5 | COMCAST CORP 3.25000 11/01/2039 | US | 456,466.16 | $518,265.24 | |
| 20369C106 | COMMUNITY HEALTHCARE TRUST I | US | CHCT | 1,010.36 | $47,597.93 |
| 20449X401 | COMPASS GROUP PLC ADR | GB | CMPGY | 31,945.82 | $598,345.17 |
| 205887102 | CONAGRA BRAND INC. | US | CAG | 278.99 | $10,116.16 |
| 20605P101 | CONCHO RESOURCES INC | US | CXO | 15,005.47 | $875,569.37 |
| 20825C104 | CONOCOPHILLIPS | US | COP | 16,370.78 | $654,667.65 |
| 21036P108 | CONSTELLATION BRANDS INC-A | US | STZ | 64.72 | $14,177.53 |
| 21240E105 | CONTROLADORA VUELA CIA DE AV | MX | VLRS | 5,492.92 | $68,222.10 |
| 217204106 | COPART INC | US | CPRT | 5,389.03 | $685,753.54 |
| 222795502 | COUSINS PROPERTIES INC | US | CUZ | 2,761.96 | $92,525.69 |
| 22534GAA1 | CAALT 2020-1A 2.01000 02/15/2029 | US | 316,801.14 | $323,900.53 | |
| 22822V101 | CROWN CASTLE INTL CORP | US | CCI | 599.54 | $95,440.40 |
| 22822VAN1 | CROWN CASTLE INTL CORP 3.10000 11/15/2029 | US | 340,646.39 | $375,369.82 | |
| 22944PAA5 | CSMC 2013-TH1 A1 2.13000 02/25/2043 | US | 92,254.81 | $93,924.53 | |
| 229663109 | CUBESMART | US | CUBE | 1,028.75 | $34,576.36 |
| 231021106 | CUMMINS INC | US | CMI | 75.62 | $17,174.10 |
| 253868103 | DIGITAL REALTY TRUST INC | US | DLR | 954.49 | $133,161.06 |
| 256746108 | DOLLAR TREE STORES INC | US | DLTR | 5,630.88 | $608,360.79 |
| 25746UDG1 | DOMINION ENERGY 3.37500 04/01/2030 | US | 309,988.21 | $353,105.98 | |
| 25960P109 | DOUGLAS EMMETT INC | US | DEI | 1,497.82 | $43,706.45 |
| 260003108 | DOVER CORP | US | DOV | 62.68 | $7,913.22 |
| 26439XAC7 | DCP MIDSTREAM OPERATING 8.12500 08/16/2030 | US | 34,064.64 | $43,517.58 | |
| 264411505 | DUKE RLTY INVTS INC | US | DRE | 2,022.08 | $80,822.42 |
| 26875P101 | EOG RESOURCES INC | US | EOG | 12,273.15 | $612,061.92 |
| 26884L109 | EQT CORP | US | EQT | 45,493.32 | $578,220.16 |
| 26884LAG4 | EQT CORP 8.75000 02/01/2030 | US | 30,658.17 | $37,556.26 | |
| 2715777 | QUEBECOR INC -CL B | CA | QBR/B CN | 5,067.12 | $130,409.84 |
| 285512109 | ELECTRONIC ARTS | US | EA | 4,724.77 | $678,476.31 |
| 291011104 | EMERSON ELEC CO | US | EMR | 268.09 | $21,546.29 |
| 29273RAR0 | ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 | US | 548,440.68 | $669,089.82 | |
| 29275YAC6 | ENERSYS 4.37500 12/15/2027 | US | 5,109.7 | $5,403.50 | |
| 29444U700 | EQUINIX INC | US | EQIX | 1,882.75 | $1,344,624.24 |
| 29472R108 | EQUITY LIFESTYLE PROPERTIES | US | ELS | 1,432.08 | $90,736.42 |
| 297178105 | ESSEX PROPERTY TRUST INC | US | ESS | 150.91 | $35,828.19 |
| 30212P303 | EXPEDIA INC | US | EXPE | 16,129.61 | $2,135,559.89 |
| 30212PAS4 | EXPEDIA GROUP INC 6.25000 05/01/2025 | US | 204,387.83 | $236,906.05 | |
| 30225T102 | EXTRA SPACE STORAGE INC | US | EXR | 225.51 | $26,127.35 |
| 30231G102 | EXXON MOBIL CORP | US | XOM | 17,676.14 | $728,610.53 |
| 302491303 | FMC CORP | US | FMC | 5,198.26 | $597,436.46 |
| 30264DAA7 | FS ENERGY & POWER FUND 7.50000 08/15/2023 | US | 40,877.57 | $38,986.98 | |
| 30286XAN9 | FREMF 2015-K43 B FLT 3.73274 02/25/2048 | US | 715,357.41 | $781,314.65 | |
| 30291HAA5 | FREMF 2013-K28 X2A 0.10000 06/25/2046 | US | 46,346,704.3 | $73,408.54 | |
| 30303M102 | FACEBOOK INC -A | US | FB | 6,571.07 | $1,794,953.15 |
| 311900104 | FASTENAL CO | US | FAST | 294.66 | $14,388.21 |
| 3128M5DD9 | FHLM POOL G03400 5.50000 03/01/2037 | US | 59,728.45 | $69,597.73 | |
| 3128M6NC8 | FHLM POOL G04587 5.50000 08/01/2038 | US | 38,878.31 | $45,720.21 | |
| 3128M73P9 | FHLM POOL G05906 6.00000 04/01/2040 | US | 28,252.79 | $33,532.88 | |
| 3128MB4Q7 | FHLM POOL G13331 5.50000 10/01/2023 | US | 964.05 | $998.19 | |
| 3128MBDP9 | FHLM POOL G12610 6.00000 03/01/2022 | US | 1,261.28 | $1,278.66 | |
| 3128MBE45 | FHLM POOL G12655 6.00000 05/01/2022 | US | 946.28 | $962.54 | |
| 3128MBRH2 | FHLM POOL G12988 6.00000 01/01/2023 | US | 1,088.75 | $1,122.01 | |
| 3128MBUB1 | FHLM POOL G13078 6.00000 03/01/2023 | US | 1,653.01 | $1,700.66 | |
| 3128MJ2U3 | FHLM GOLD POOL FG G08786 4.50000 10/01/2047 | US | 247,611.51 | $270,316.74 | |
| 3128MJJT8 | FHLM POOL G08273 5.50000 06/01/2038 | US | 56,268.98 | $66,170.80 | |
| 3128P76R9 | FHLM POOL C91780 4.50000 07/01/2034 | US | 202,109.67 | $223,469.89 | |
| 3132DWAG8 | FEDERAL NATL MTG ASSN FR SD8107 2.50000 11/01/2050 | US | 843,247.46 | $889,681.94 | |
| 3132LMMM5 | FHLM POOL K91364 4.50000 11/01/2033 | US | 62,172.44 | $67,337.48 | |
| 3132LNE83 | FHLM POOL K92059 4.50000 09/01/2034 | US | 138,643.32 | $151,403.15 | |
| 3135G05Y5 | FANNIE MAE 0.75000 10/08/2027 | US | 1,195,668.82 | $1,200,318.70 | |
| 3136AY6W8 | FNA 2017-M15 A1 FLT 2.95934 09/25/2027 | US | 418,739.37 | $453,696.28 | |
| 3136B1YD0 | FNR 2018-31 KP 3.50000 07/25/2047 | US | 93,603.51 | $96,955.51 | |
| 3137ADTK3 | FHMS K014 X1 FLT 1.17813 04/25/2021 | US | 860,363.82 | $1,004.73 | |
| 3137AJMG6 | FMHS K016 X1 FLT 1.48098 10/25/2021 | US | 1,270,931.58 | $6,541.87 | |
| 3137AME78 | FHMS K017 X1 FLT 1.28567 12/25/2021 | US | 8,527,933.67 | $58,476.89 | |
| 3137AUPF0 | FHMS K021 x1 FLT 1.40440 06/25/2022 | US | 4,013,914.32 | $59,287.12 | |
| 3137B3NB0 | FHMS K030 X1 FLT 0.16985 04/25/2023 | US | 15,010,859.18 | $52,625.07 | |
| 3137B4GZ3 | FHMS K032 X1 FLT 0.08901 05/25/2023 | US | 9,655,812.61 | $24,292.09 | |
| 3137F4YU0 | FHR 4791 BA MTGE 4.00000 03/15/2044 | US | 91,860.96 | $92,953.41 | |
| 3137FG2L8 | FHR 4801 BA MTGE 4.50000 05/15/2044 | US | 43,764.52 | $44,135.00 | |
| 3138ABBY4 | FEDERAL NATL MTG ASSN AH9054 4.50000 04/01/2041 | US | 45,275.04 | $51,277.61 | |
| 3138ETT89 | FEDERAL NATL MTG ASSN AL8674 FLT 5.64100 01/01/2049 | US | 770,865.07 | $903,618.99 | |
| 31403DDX4 | FEDERAL NATL MTG ASSN 745418 5.50000 04/01/2036 | US | 134,720.76 | $158,334.82 | |
| 31407EJW4 | FEDERAL NATL MTG ASSN 828377 5.50000 06/01/2035 | US | 69,911.07 | $82,179.64 | |
| 31410FSE6 | FEDERAL NATL MTG ASSN 888017 6.00000 11/01/2021 | US | 544.18 | $548.46 | |
| 31410FV51 | FEDERAL NATL MTG ASSN 888136 6.00000 12/01/2021 | US | 837.96 | $847.09 | |
| 31410GCD3 | FEDERAL NATL MTG ASSN 888468 5.50000 09/01/2021 | US | 1,983.64 | $1,991.17 | |
| 31410GN33 | FEDERAL NATL MTG ASSN 888810 5.50000 11/01/2022 | US | 2,524.53 | $2,538.20 | |
| 31410KGB4 | FEDERAL NATL MTG ASSN 889494 5.50000 01/01/2037 | US | 129,560.92 | $152,097.13 | |
| 31411JXP6 | FEDERAL NATL MTG ASSN 909786 5.50000 03/01/2037 | US | 23,449.05 | $27,421.00 | |
| 31416BSW9 | FEDERAL NATL MTG ASSN 995233 5.50000 10/01/2021 | US | 6.21 | $6.23 | |
| 31416BVW5 | FEDERAL NATL MTG ASSN 995329 5.50000 12/01/2021 | US | 941.08 | $946.99 | |
| 31418BDH6 | FEDERAL NATL MTG ASSN MA1903 4.50000 05/01/2034 | US | 197,329.26 | $218,138.15 | |
| 31418CYJ7 | FEDERAL NATL MTG ASSN FN MA3412 3.50000 07/01/2038 | US | 94,717.6 | $100,304.95 | |
| 31418DU59 | FEDERAL NATL MTG FN MA4203 2.50000 12/01/2040 | US | 721,905.86 | $762,405.77 | |
| 31418DU67 | FEDERAL NATL MTG ASSN FN MA4204 2.00000 12/01/2040 | US | 733,403.78 | $761,921.62 | |
| 31418MG63 | FEDERAL NATL MTG ASSN AD0220 6.00000 10/01/2038 | US | 10,626.88 | $12,661.18 | |
| 31418MQQ8 | FEDERAL NATL MTG ASSN AD0462 5.50000 10/01/2024 | US | 2,340.86 | $2,470.76 | |
| 316773100 | FIFTH THIRD BANCORP | US | FITB | 362.79 | $10,002.08 |
| 32054K103 | FIRST INDUSTRIAL REALTY TR | US | FR | 1,443.66 | $60,821.37 |
| 34461LAA2 | FONTAINEBLEAU MIAMI BEACH TRUST 3.14400 12/10/2036 | US | 330,426.99 | $346,243.15 | |
| 345370CW8 | FORD MOTOR COMPANY 9.00000 04/22/2025 | US | 35,767.87 | $43,851.77 | |
| 345397XU2 | FORD MOTOR CREDIT CO LLC 4.38900 01/08/2026 | US | 25,548.48 | $26,817.73 | |
| 346232AE1 | FORESTAR GROUP INC 5.00000 03/01/2028 | US | 25,548.48 | $26,378.80 | |
| 34960PAB7 | FORTRESS TRANS & INFRAST 6.50000 10/01/2025 | US | 28,954.94 | $30,261.10 | |
| 34960PAC5 | FORTRESS TRANS & INFRAST 9.75000 08/01/2027 | US | 25,548.48 | $29,284.94 | |
| 35166FAA0 | FOXTROT ESCROW ISSUER 12.25000 11/15/2026 | US | 30,658.17 | $34,950.32 | |
| 357081AE8 | FREMF 2015-K720 B FLT 3.39339 07/25/2022 | US | 364,491.63 | $376,660.01 | |
| 36166LAA5 | GEMS MENASA KY LTD/GEMS 7.12500 07/31/2026 | AE | 25,548.48 | $26,634.29 | |
| 36223NTR5 | GNMA POOL 312960 9.00000 09/15/2021 | US | 11.02 | $11.05 | |
| 36257MAA3 | GSMS 2019-70P A 1.15900 10/15/2036 | US | 315,097.91 | $307,195.22 | |
| 369550108 | GENERAL DYNAMICS CORP | US | GD | 104.58 | $15,563.36 |
| 369604BQ5 | GENERAL ELECTRIC CO 5.00000 01/21/2021 | US | 476,904.94 | $443,640.82 | |
| 370334104 | GENERAL MLS INC | US | GIS | 275.58 | $16,204.28 |
| 372460105 | GENUINE PARTS CO | US | GPC | 93 | $9,339.63 |
| 37255LAA5 | GENWORTH MORTGAGE HLDING 6.50000 08/15/2025 | US | 54,503.42 | $58,999.95 | |
| 374297109 | GETTY REALTY CORP | US | GTY | 1,437.87 | $39,598.90 |
| 375558103 | GILEAD SCIENCES INC | US | GILD | 388 | $22,604.66 |
| 37953TAB1 | GLOBAL SHIP LEASE INC 9.87500 11/15/2022 | MH | 68,129.28 | $69,832.51 | |
| 38379RRX3 | GNR 2017-54 AH MTGE 2.60000 12/16/2056 | US | 354,792.76 | $372,317.68 | |
| 383909AF5 | WR GRACE & CO-CONN 5.62500 10/01/2024 | US | 22,142.02 | $23,885.70 | |
| 384802104 | WW GRAINGER INC | US | GWW | 22.14 | $9,041.47 |
| 388689101 | GRAPHIC PACKAGING HOLDING CO | US | GPK | 76,625 | $1,298,027.47 |
| 400506101 | GRUPO AEROPORTUARIO PAC-ADR | MX | PAC | 292.96 | $32,603.06 |
| 40051E202 | GRUPO AEROPORTUARIO DEL SURESTE | MX | ASR | 221.42 | $36,518.83 |
| 4012250 | AIRBUS SE | FR | AIR FP | 338.94 | $37,197.05 |
| 4031976 | ADIDAS AG | DE | ADS GR | 163.51 | $59,485.85 |
| 404119BX6 | HCA INC 4.12500 06/15/2029 | US | 296,362.36 | $343,804.51 | |
| 416515104 | HARTFORD FINL SVCS | US | HIG | 189.06 | $9,260.10 |
| 418751AD5 | HAT HOLDINGS I LLC/HAT 3.75000 09/15/2030 | US | 28,954.94 | $30,040.75 | |
| 419792A22 | HAWAII ST 2.68200 10/01/2030 | US | 34,064.64 | $35,477.98 | |
| 421946104 | HEALTHCARE REALTY TRUST INC | US | HR | 1,595.93 | $47,239.48 |
| 42225P501 | HEALTHCARE TRUST OF AMERICA | US | HTA | 2,010.84 | $55,378.41 |
| 42250P103 | HEALTHPEAK PROPERTIES INC | US | PEAK | 2,664.88 | $80,559.22 |
| 423012301 | HEINEKEN NV-SPN ADR | NL | HEINY | 11,462.75 | $640,080.01 |
| 427866108 | HERSHEY CO/THE | US | HSY | 96.4 | $14,685.06 |
| 431571AB4 | HILLENBRAND INC 5.00000 09/15/2026 | US | 22,142.02 | $24,826.73 | |
| 43300A203 | HILTON WORLDWIDE HOLDINGS INC | US | HLT | 3,308.36 | $368,087.88 |
| 437076102 | HOME DEPOT INC | US | HD | 258.21 | $68,585.73 |
| 438516106 | HONEYWELL INTERNATIONAL INC | US | HON | 212.56 | $45,212.22 |
| 440452100 | HORMEL FOODS CORP | US | HRL | 188.72 | $8,796.15 |
| 443201AA6 | HOWMET AEROSPACE INC 6.87500 05/01/2025 | US | 23,845.25 | $27,898.94 | |
| 443628AH5 | HUDBAY MINERALS INC 6.12500 04/01/2029 | CA | 27,251.71 | $29,363.72 | |
| 444454AD4 | HUGHES SATELLITE SYSTEMS 5.25000 08/01/2026 | US | 25,548.48 | $28,199.13 | |
| 450913AF5 | IAMGOLD CORP 5.75000 10/15/2028 | CA | 39,174.33 | $39,761.95 | |
| 45168D104 | IDEXX LABORATORIES INC | US | IDXX | 1,362.59 | $681,115.64 |
| 452308109 | ILLINOIS TOOL WKS INC | US | ITW | 120.93 | $24,655.10 |
| 45337C102 | INCYTE CORP | US | INCY | 4,915.53 | $427,552.57 |
| 45569LAA9 | INDIGO NATURAL RES LLC 6.87500 02/15/2026 | US | 27,251.71 | $27,864.87 | |
| 45682RAA8 | INFRABUILD AUSTRALIA PTY 12.00000 10/01/2024 | AU | 40,877.57 | $41,337.44 | |
| 45778Q107 | INSPERITY INC | US | NSP | 7,191.05 | $585,494.90 |
| 458140100 | INTEL CORP | US | INTC | 991.28 | $49,385.62 |
| 45866F104 | INTERCONTINENTALEXCHANGE INC | US | ICE | 11,295.83 | $1,302,296.72 |
| 459200101 | INTERNATIONAL BUSINESS MACH CORP | US | IBM | 267.07 | $33,618.36 |
| 459506101 | INTERNATIONAL FLVRS & FRAGRANCES | US | IFF | 46.67 | $5,079.41 |
| 46116VAE5 | INTL FC STORE INC 8.62500 06/15/2025 | US | 49,393.73 | $53,715.68 | |
| 46187BAA1 | IHSFR 2017-SFR2 A 1.00300 12/17/2036 | US | 151,683.99 | $151,314.01 | |
| 46187BAB9 | IHSFR 2017-SFR2 B 1.30300 12/17/2036 | US | 126,039.16 | $125,734.04 | |
| 46187W107 | INVITATION HOMES INC | US | INVH | 4,691.04 | $139,323.93 |
| 46284VAN1 | IRON MOUNTAIN INC 4.50000 02/15/2031 | US | 27,251.71 | $28,546.17 | |
| 465410BX5 | ITALY GOV'T INT BOND 2.37500 10/17/2024 | IT | 170,323.19 | $179,105.45 | |
| 46625H100 | JP MORGAN CHASE & CO | US | JPM | 583.87 | $74,192.09 |
| 46639GAL0 | JPMMT 2013-1 1A2 3.00000 03/25/2043 | US | 68,372.56 | $69,345.88 | |
| 46640BAC8 | JPMMT 2013-2 A2 3.50000 05/25/2043 | US | 80,993.79 | $82,590.57 | |
| 46641YAA1 | JPMMT 2014-2 1A1 3.00000 06/25/2029 | US | 181,406.22 | $185,535.71 | |
| 46647PBP0 | JPMORGAN CHASE & CO 2.95600 05/13/2031 | US | 548,440.68 | $601,415.11 | |
| 46647SAJ9 | JPMMT 2017-3 1A5 3.50000 08/25/2047 | US | 37,833.87 | $37,858.90 | |
| 478160104 | JOHNSON & JOHNSON | US | JNJ | 12,775.6 | $2,010,624.25 |
| 47987LAA9 | JONAH NRG LLC/FINANCE 7.25000 10/15/2025 | US | 131,148.86 | $1,283.16 | |
| 48088LAB3 | JOSEPH T RYERSON & SON 8.50000 08/01/2028 | US | 21,460.72 | $24,304.27 | |
| 482480100 | KLA-TENCOR CORPORATION | US | KLAC | 73.58 | $19,050.50 |
| 487526AB1 | KEHE DISTRIBUTORS LLC/FI 8.62500 10/15/2026 | US | 40,877.57 | $45,885.07 | |
| 49427F108 | KILROY REALTY CORP | US | KRC | 1,209.64 | $69,433.07 |
| 494368103 | KIMBERLY CLARK CORP | US | KMB | 134.56 | $18,142.09 |
| 494550AW6 | KINDER MORGAN ENER PART 6.95000 01/15/2038 | US | 429,214.45 | $587,298.27 | |
| 49474FXR6 | KING CNTY WA 1.30000 12/01/2028 | US | 270,813.88 | $273,234.95 | |
| 501044101 | KROGER CO | US | KR | 385.27 | $12,236.21 |
| 50212YAC8 | LPL HOLDINGS INC 4.62500 11/15/2027 | US | 27,251.71 | $28,205.52 | |
| 505742AG1 | LADDER CAP FIN LLLP/CORP 5.25000 10/01/2025 | US | 51,096.96 | $50,969.22 | |
| 5107401 | BEIERSDORF AG | DE | BEI GR | 766.45 | $88,111.30 |
| 512816109 | LAMAR ADVERTISING CO-A | US | LAMR | 477.59 | $39,744.73 |
| 53223X107 | LIFE STORAGE INC | US | LSI | 471.45 | $56,286.96 |
| 532457108 | ELI LILLY & CO | US | LLY | 190.08 | $32,093.22 |
| 539830109 | LOCKHEED MARTIN CORP | US | LMT | 85.84 | $30,472.51 |
| 541056AA5 | LOGAN MERGER SUB INC 5.50000 09/01/2027 | US | 22,142.02 | $23,193.76 | |
| 54240F202 | LONESTAR RES US INC NPV | US | 1,700.51 | $3,094.92 | |
| 550021109 | LULULEMON - ADR | CA | LULU | 139.32 | $48,489.06 |
| 552848AG8 | MGIC INVESTMENT CORP 5.25000 08/15/2028 | US | 40,877.57 | $43,739.00 | |
| 55303XAL9 | MGM GROWTH/MGM FINANCE 3.87500 02/15/2029 | US | 28,954.94 | $29,606.43 | |
| 56585A102 | MARATHON PETROLEUM CORP | US | MPC | 324.98 | $13,441.03 |
| 573284106 | MARTIN MARIETTA MATERIALS | US | MLM | 1,090.07 | $309,546.73 |
| 57636Q104 | MASTERCARD INC-CLASS A | US | MA | 5,470.78 | $1,952,740.56 |
| 577128AA9 | MATTHEWS INTERNATIONAL C 5.25000 12/01/2025 | US | 42,580.8 | $43,006.61 | |
| 5852842 | ACCOR SA | FR | AC FP | 689.81 | $25,026.82 |
| 58933Y105 | MERCK & CO INC | US | MRK | 607.03 | $49,655.21 |
| 594918104 | MICROSOFT CORP | US | MSFT | 5,767.14 | $1,282,728.02 |
| 595112103 | MICRON TECHNOLOGY INC | US | MU | 17,005.07 | $1,278,440.98 |
| 59522J103 | MID-AMERICA APARTMENT COMM | US | MAA | 848.89 | $107,545.97 |
| 609207105 | MONDELEZ INTERNATIONAL INC | US | MDLZ | 21,770.03 | $1,272,893.61 |
| 615369105 | MOODY'S CORPORATION | US | MCO | 1,774.77 | $515,108.57 |
| 61965RAA3 | MOSS CREEK RESOURCES HLD 7.50000 01/15/2026 | US | 40,877.57 | $31,066.95 | |
| 62913TAJ1 | NGL ENRGY PART LP/FIN CO 7.50000 11/01/2023 | US | 39,174.33 | $27,740.33 | |
| 6321954 | TRAVELSKY TECHNOLOGY LTD-H | CN | 696 HK | 49,734.37 | $120,153.91 |
| 63938CAH1 | NAVIENT CORP 6.75000 06/25/2025 | US | 39,174.33 | $42,602.09 | |
| 63938EAC8 | NAVSL 2014-1 A3 FLT 0.65800 06/25/2031 | US | 261,129.71 | $255,335.34 | |
| 63938NAF1 | NAVIOS SA LOGIST/FIN US 10.75000 07/01/2025 | MUL | 25,548.48 | $27,336.87 | |
| 64110D104 | NETAPP INC | US | NTAP | 123.65 | $8,190.88 |
| 644393AA8 | NEW FORTRESS ENERGY INC 6.75000 09/15/2025 | US | 54,503.42 | $57,892.44 | |
| 64829DAG1 | NRZT 2014-3A AFX3 3.75000 11/25/2054 | US | 122,672.47 | $131,427.24 | |
| 64829EAA2 | NRZT 2015-2A A1 3.75000 08/25/2055 | US | 213,531.04 | $227,542.96 | |
| 64829LAA6 | NRZT 2016-4A A1 3.75000 11/25/2056 | US | 413,640.15 | $440,743.88 | |
| 64971XPG7 | NEW YORK CITY NY TRANSITIONALFIN 1.58000 05/01/2024 | US | 131,148.86 | $135,110.87 | |
| 655844108 | NORFOLK SOUTHN CORP | US | NSC | 2,679.87 | $636,762.75 |
| 6642321 | NIKON CORP | JP | 7731 JP | 78,655.25 | $496,934.35 |
| 66727WAA0 | NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 | CA | 126,039.16 | $850.76 | |
| 66987V109 | NOVARTIS AG- REG | CH | NVS | 22,780.73 | $2,151,184.06 |
| 670346105 | NUCOR CORP | US | NUE | 185.99 | $9,892.96 |
| 6742340 | SHANDONG WEIGAO | CN | 1066 HK | 54,503.42 | $123,309.39 |
| 674599EA9 | OCCIDENTAL PETROLEUM COR 8.87500 07/15/2030 | US | 25,548.48 | $29,987.53 | |
| 675232AB8 | OCEANEERING INTL INC 6.00000 02/01/2028 | US | 37,471.1 | $33,489.80 | |
| 6821506 | SONY CORP FIRST SECTION | JP | 6758 JP | 919.75 | $92,680.97 |
| 68389X105 | ORACLE CORP | US | ORCL | 585.91 | $37,902.63 |
| 691205AC2 | OWL ROCK TECHNOLOGY FINA 4.75000 12/15/2025 | US | 37,471.1 | $39,129.00 | |
| 691205AE8 | OWL ROCK TECHNOLOGY 3.75000 06/17/2026 | US | 218,013.69 | $219,197.04 | |
| 69121KAE4 | OWL ROCK CAPITAL CORP 3.40000 07/15/2026 | US | 42,580.8 | $43,190.49 | |
| 69144AAA7 | OXFIN 2020-1A A2 3.10100 02/15/2028 | US | 408,775.66 | $418,381.65 | |
| 69145LAA2 | OXFORD FIN LLC/CO-ISS II 6.37500 12/15/2022 | US | 28,954.94 | $28,882.56 | |
| 69306RAA4 | P&L DEV LLC/PLD 7.75000 11/15/2025 | US | 40,877.57 | $43,943.38 | |
| 69327RAJ0 | PDC ENERGY INC 5.75000 05/15/2026 | US | 23,845.25 | $24,620.22 | |
| 693456AW5 | PMTLT 2013-J1 a9 3.50000 09/25/2043 | US | 148,183.8 | $151,527.65 | |
| 693475105 | PNC FINANCIAL SERVICES GROUP | US | PNC | 119.57 | $17,815.47 |
| 693506107 | PPG INDUSTRIES INC | US | PPG | 85.5 | $12,331.13 |
| 69354NAC0 | PRA GROUP INC 7.37500 09/01/2025 | US | 39,174.33 | $42,308.28 | |
| 69356MAA4 | PM GENERAL PURCHASER LLC 9.50000 10/01/2028 | US | 40,877.57 | $45,271.90 | |
| 701094104 | PARKER HANNIFIN CORP | US | PH | 51.1 | $13,919.32 |
| 7021963 | DEUTSCHE BOERSE AG | DE | DB1 GR | 904.42 | $153,997.04 |
| 70450Y103 | PAYPAL HOLDINGS INC | US | PYPL | 5,753.52 | $1,347,473.79 |
| 7123870 | NESTLE SA-REGISTERED | CH | NESN SW | 10,478.28 | $1,238,651.58 |
| 713448108 | PEPSICO INC | US | PEP | 4,261.49 | $631,978.42 |
| 717081103 | PFIZER INC | US | PFE | 1,320.35 | $48,601.91 |
| 723787107 | PIONEER NATURAL RESOURCES CO | US | PXD | 8,219.8 | $936,152.71 |
| 741503AZ9 | BOOKING HOLDINGS INC 3.60000 06/01/2026 | US | 606,350.57 | $689,150.91 | |
| 74165HAB4 | PRIME HEALTHCARE SERVICE 7.25000 11/01/2025 | US | 40,877.57 | $43,432.41 | |
| 74166MAC0 | PRIME SECSRVC BRW/FINANC 5.75000 04/15/2026 | US | 28,954.94 | $31,705.66 | |
| 74340W103 | PROLOGIS | US | PLD | 2,870.29 | $286,052.75 |
| 74460D109 | PUBLIC STORAGE INC | US | PSA | 470.09 | $108,558.35 |
| 747525103 | QUALCOMM INC | US | QCOM | 269.11 | $40,996.32 |
| 74834L100 | QUEST DIAGNOSTICS INC | US | DGX | 75.62 | $9,012.05 |
| 750236AW1 | RADIAN GROUP INC 4.87500 03/15/2027 | US | 57,909.89 | $63,596.64 | |
| 75513E101 | RAYTHEON TECHNOLOGIES CORP | US | RTX | 412.18 | $29,475.14 |
| 756109104 | REALTY INCOME CORP | US | O | 495.64 | $30,813.97 |
| 7591EP100 | REGIONS FINANCIAL CORP. | US | RF | 536.18 | $8,643.18 |
| 76131D103 | RESTAURANT BRANDS INTERN | CA | QSR | 865.24 | $52,874.93 |
| 76169C100 | REXFORD INDUSTRIAL REALITY IN | US | REXR | 1,007.29 | $49,468.08 |
| 7698356 | GETINGE AB-B SHS | SE | GETIB SS | 5,385.62 | $126,032.56 |
| 773903109 | ROCKWELL AUTOMATION INC | US | ROK | 52.8 | $13,242.82 |
| 7792559 | HEINEKEN NV | NL | HEIA NA | 715.36 | $79,718.65 |
| 780259107 | ROYAL DUTCH SHELL PLC-ADR B | NL | RDS/B | 6,347.95 | $213,354.45 |
| 783513203 | RYANAIR HOLDINGS - ADR | IE | RYAAY | 6,430.04 | $707,175.93 |
| 78409V104 | S&P GLOBAL INC | US | SPGI | 1,297.86 | $426,646.42 |
| 78410G104 | SBA COMMUNICATIONS CORP | US | SBAC | 2,973.84 | $839,010.31 |
| 78442PGC4 | SLM CORP 5.12500 04/05/2022 | US | 59,613.12 | $60,954.41 | |
| 78442PGD2 | SLM CORP 4.20000 10/29/2025 | US | 52,800.19 | $55,770.20 | |
| 78449UAB4 | SMB 2020-A A2A MTGE 2.23000 09/15/2037 | US | 359,381.94 | $372,965.32 | |
| 78449XAA0 | SMB 2020-BA A1A 1.29000 07/15/2053 | US | 448,827.71 | $450,348.70 | |
| 785592AV8 | SABINE PASS LIQUEFACTION 5.87500 06/30/2026 | US | 565,473 | $683,714.73 | |
| 806857108 | SCHLUMBERGER LTD | NL | SLB | 16,696.78 | $364,490.76 |
| 81141R100 | SEA LTD - ADR | SG | SE | 559.68 | $111,404.70 |
| 81745BAB1 | SEMT 2013-6 A2 3.00000 05/25/2043 | US | 228,836.1 | $232,482.52 | |
| 81745CAB9 | SEMT 2013-7 A2 3.00000 06/25/2043 | US | 90,483.86 | $91,926.58 | |
| 81745EAA7 | SEMT 2013-8 A1 3.00000 06/25/2043 | US | 123,664.36 | $125,641.46 | |
| 81745MAA9 | SEMT 2013-2 1.87400 02/25/2043 | US | 108,023.94 | $109,060.04 | |
| 81762P102 | SERVICENOW INC | US | NOW | 1,161.6 | $639,381.79 |
| 83088M102 | SKYWORKS SOLUTIONS INC | US | SWKS | 65.4 | $9,998.98 |
| 832696405 | JM SMUCKER CO/THE-NEW COM WI | US | SJM | 70.85 | $8,190.77 |
| 83401BAB2 | SOFI 2017-F A2FX 2.84000 01/25/2041 | US | 54,572.96 | $55,781.11 | |
| 83404RAB4 | SOFI 2018-B A2FX MTGE 3.34000 08/25/2047 | US | 256,960.9 | $264,475.49 | |
| 83406TAB8 | SOFI 2020-A A2FX MTGE 2.54000 05/15/2046 | US | 226,529.85 | $234,067.81 | |
| 835699307 | SONY CORP SPONSORED ADR | JP | SNE | 7,759.92 | $784,528.38 |
| 837151XH7 | SOUTH CAROLINA ST PUBLIC SVC 2.32900 12/01/2028 | US | 659,150.76 | $689,636.48 | |
| 844741BJ6 | SOUTHWEST AIRLINES CO 5.25000 05/04/2025 | US | 439,433.84 | $508,935.08 | |
| 85172FAN9 | SPRINGLEAF FINANCE CORP 7.12500 03/15/2026 | US | 27,251.71 | $32,225.15 | |
| 85254J102 | STAG INDUSTRIAL INC | US | STAG | 1,040.67 | $32,593.93 |
| 854502101 | STANLEY WORKS/THE | US | SWK | 62 | $11,070.30 |
| 85571BAL9 | STARWOOD PROPERTY TRUST 4.75000 03/15/2025 | US | 40,877.57 | $41,899.51 | |
| 85571XAA5 | SRPT 2014-STAR A FLTG RATE 1.62863 11/15/2027 | US | 452,893.6 | $298,909.78 | |
| 857949BL0 | SS INT BEARING FD .022% 01/02/15 | US | 1,087,568.25 | $1,087,568.25 | |
| 861036AA9 | STL HOLDING CO LLC 7.50000 02/15/2026 | US | 54,503.42 | $56,547.30 | |
| 866674104 | SUN COMMUNITIES | US | SUI | 859.45 | $130,593.55 |
| 87105L104 | SWITCH INC - A | US | SWCH | 4,625.98 | $75,727.26 |
| 871829107 | SYSCO CORP | US | SYY | 206.43 | $15,329.62 |
| 874039100 | TAIWAN SEMICONDUCTOR - SP ADR | TW | TSM | 487.12 | $53,116.04 |
| 87422VAA6 | TALEN ENERGY SUPPLY LLC 6.50000 06/01/2025 | US | 27,251.71 | $22,210.14 | |
| 87485LAA2 | TALOS PRODUCTION INC 12.00000 01/15/2026 | US | 25,548.48 | $24,857.90 | |
| 87677QAA9 | TXEZ 2016-1A 3.13100 06/15/2028 | US | 47,423.09 | $47,529.12 | |
| 87901JAE5 | TEGNA INC 4.62500 03/15/2028 | US | 23,845.25 | $24,381.77 | |
| 88032WAN6 | TENCENT HOLDINGS 3.97500 04/11/2029 | KY | 442,840.3 | $504,564.16 | |
| 88146M101 | TERRENO REALTY CORP | US | TRNO | 729.32 | $42,672.74 |
| 882508104 | TEXAS INSTRUMENTS INC | US | TXN | 275.58 | $45,231.43 |
| 883556102 | THERMO FISHER SCIENTIFIC INC | US | TMO | 1,304.68 | $607,691.83 |
| 88579Y101 | 3M CO | US | MMM | 186.67 | $32,628.79 |
| 89151E109 | TOTAL S A SPONSORED ADR | FR | TOT | 7,032.64 | $294,738.14 |
| 89173CAA5 | TPMT 2016-5 A1 2.50000 10/25/2056 | US | 457,844.7 | $466,745.52 | |
| 89173FAA8 | TPMT 2017-1 A1 2.75000 10/25/2056 | US | 242,954.4 | $249,004.32 | |
| 89177EAA7 | TPMT 2019-HY1 A1 1.14800 10/25/2048 | US | 228,550.12 | $229,438.38 | |
| 89417E109 | TRAVELLERS COS INC | US | TRV | 104.58 | $14,679.68 |
| 89613FAA6 | TAH 2017-SFR2 A 2.92800 01/17/2036 | US | 253,375.75 | $261,207.82 | |
| 89613GAA4 | TAH 2020-SFR1 A 1.49900 07/17/2038 | US | 422,401.52 | $426,901.96 | |
| 89832Q109 | TRUIST FINANCIAL CORP | US | TFC | 516.08 | $24,735.68 |
| 901109AF5 | TUTOR PERINI CORP 6.87500 05/01/2025 | US | 66,426.05 | $65,097.52 | |
| 902494103 | TYSON FOODS INC -CL A | US | TSN | 162.83 | $10,492.70 |
| 902653104 | UDR INC | US | UDR | 1,582.98 | $60,834.07 |
| 902973304 | U.S. BANCORP | US | USB | 549.8 | $25,615.33 |
| 904767704 | UNILEVER PLC - ADR | GB | UL | 35,085.22 | $2,117,743.59 |
| 907818108 | UNION PAC CORP | US | UNP | 206.77 | $43,054.14 |
| 909214BV9 | UNISYS CORP 6.87500 11/01/2027 | US | 25,548.48 | $27,911.71 | |
| 91086QBG2 | UNITED MEXICAN STATES 4.12500 01/21/2026 | MX | 68,129.28 | $78,263.51 | |
| 912810QK7 | US TREASURY N/BB 3.87500 08/15/2040 | US | 964,029.27 | $1,381,649.76 | |
| 912810RX8 | US TREASURY N/B 3.00000 05/15/2047 | US | 2,305,494.74 | $3,019,207.46 | |
| 9128282A7 | UNITED STATES TREAS NTS 1.50000 08/15/2026 | US | 5,651,323.55 | $5,984,001.08 | |
| 9128284P2 | US TREASURY N/B 2.62500 05/15/2021 | US | 1,252,556.76 | $1,264,005.91 | |
| 912828XB1 | UNITED STATES TREAS NTS 2.12500 05/15/2025 | US | 1,214,404.37 | $1,310,702.85 | |
| 912828ZJ2 | TSY INFL IX N/B 0.12500 04/15/2025 | US | 1,284,311.55 | $1,381,571.39 | |
| 918204108 | VF CORP | US | VFC | 184.63 | $15,769.28 |
| 91913Y100 | VALERO ENERGY | US | VLO | 195.87 | $11,080.46 |
| 92343VDU5 | VERIZON COMMUNICATIONS 5.25000 03/16/2037 | US | 504,156.65 | $683,228.06 | |
| 92532F100 | VERTEX PHARMACEUTICALS INC | US | VRTX | 3,454.15 | $816,354.84 |
| 92556V106 | VIATRIS INC | US | VTRS | 170.66 | $3,198.24 |
| 92826C839 | VISA INC - CLASS A SHARES | US | V | 8,768.24 | $1,917,876.69 |
| 92826CAK8 | VISA INC 2.70000 04/15/2040 | US | 524,595.43 | $572,664.90 | |
| 92837TAA0 | AUSTIN BIDCO INC 7.12500 12/15/2028 | US | 8,516.16 | $8,888.74 | |
| 928668BE1 | VOLKSWAGEN GROUP AMERICA 3.35000 05/13/2025 | US | 320,207.6 | $352,021.85 | |
| 929160109 | VULCAN MATERIALS CO | US | VMC | 4,271.71 | $633,536.67 |
| 93065PAA9 | WBHT 2019-WBM A FLT 1.20900 12/15/2033 | US | 386,633.65 | $376,026.78 | |
| 931142103 | WAL MART STORES | US | WMT | 522.55 | $75,325.81 |
| 94106L109 | WASTE MANAGEMENT INC | US | WM | 171.35 | $20,206.73 |
| 949746101 | WELLS FARGO COMPANY | US | WFC | 1,158.88 | $34,974.97 |
| 95040Q104 | WELLTOWER INC. | US | WELL | 560.02 | $36,188.66 |
| 962178AN9 | TRI POINTE GROUP / HOMES 5.87500 06/15/2024 | US | 39,174.33 | $42,758.79 | |
| 96949LAD7 | WILLIAMS PARTNERS LP 3.75000 06/15/2027 | US | 453,059.69 | $516,957.68 | |
| 97652TAA1 | WIN 2015-1 A1 3.50000 01/20/2045 | US | 81,657.81 | $83,794.55 | |
| 98311A105 | WYNDHAM HOTELS & RESORTS INC | US | WH | 577.4 | $34,320.40 |
| 98978V103 | ZOETIS INC | US | ZTS | 1,962.12 | $324,731.39 |
| B02J639 | ADMIRAL GROUP PLC | GB | ADM LN | 4,159.29 | $164,466.13 |
| B1KFX13 | GRUPO AEROPORTUARIO DEL CENT | MX | OMAB MM | 4,598.73 | $29,665.99 |
| B1Y47Y7 | GERRESHEIMER AG | DE | GXI GR | 493.94 | $53,265.47 |
| B1Y9TB3 | DANONE | FR | BN FP | 1,838.81 | $121,004.97 |
| B3QJ0H8 | TOURMALINE OIL CORP | CA | TOU CN | 10,456.14 | $140,959.52 |
| B3ZD2V9 | MEX BONOS DESARR FIX RT 6.50000 06/10/2021 | MX | 425,807.98 | $21,577.67 | |
| B4888C1 | CANADIAN GOVERNMENT FLT 2.75000 06/01/2022 | CA | 180,542.58 | $147,012.64 | |
| B4NDCC9 | MEX BONOS DESARR FIX RT 6.50000 06/09/2022 | MX | 1,056,003.8 | $54,633.39 | |
| B4YVF56 | BRENNTAG AG | DE | BNR GR | 1,025.35 | $79,732.45 |
| B63QM77 | NEXON CO LTD | JP | 3659 JP | 45,936.17 | $1,417,356.09 |
| B6TC406 | MEX BONOS DESARR FIX RT 7.75000 05/29/2031 | MX | 510,969.58 | $30,168.76 | |
| BBQ3850 | KEYWORDS STUDIOS PLC | IE | KWS LN | 1,081.55 | $42,234.59 |
| BD6K457 | COMPASS GROUP PLC | GB | CPG LN | 2,696.22 | $50,288.09 |
| BFZZM64 | S4 CAPITAL PLC | GB | SFOR LN | 11,040.35 | $75,488.39 |
| BGHQ198 | HIBERNIA REIT PLC | IE | HBRN ID | 18,011.68 | $25,392.58 |
| BH8295835 | SAUDI INTERNATIONAL BOND 2.90000 10/22/2025 | SA | 68,129.28 | $73,399.08 | |
| BHJYC05 | INTERCONTINENTAL HOTELS GROUP | GB | IHG LN | 408.78 | $26,494.82 |
| BJ2KSG2 | AKZO NOBEL | NL | AKZA NA | 364.83 | $39,159.12 |
| BK0939417 | AMERICAN TANKER INC 7.75000 07/02/2025 | US | 68,129.28 | $68,268.94 | |
| BMMV2K8 | TENCENT HOLDINGS LTD | CN | 700 HK | 19,016.24 | $1,368,290.97 |
| BMXKJ81 | FLAGSHIP COMMUNITIES REIT UT | US | MHC/U CN | 1,542.79 | $22,771.54 |
| BNGN9Z1 | FINECOBANK SPA | IT | FBK IM | 10,737.17 | $177,077.69 |
| BP9DL90 | INDUSTRIA DE DISENO TEXTIL | ES | ITX SM | 2,762.64 | $87,685.81 |
| BVYVFW2 | AUTO TRADER GROUP PLC | GB | AUTO LN | 7,013.91 | $57,091.38 |
| BW1YVH8 | WALMART DE MEXICO SAB DE CV | MX | WALMEX* MM | 17,032.32 | $47,845.76 |
| BYPC1T4 | ASSA ABLOY AB-B | SE | ASSAB SS | 2,156.29 | $53,286.31 |
| BYYHL23 | ANHEUSER-BUSCH INBEV SA/NV | BE | ABI BB | 5,176.12 | $361,121.19 |
| BZ0VW78 | BINGO INDUSTRIES LTD | AU | BIN AU | 27,011.56 | $50,595.31 |
| BZ1HM42 | ADYEN NV | NL | ADYEN NA | 18.74 | $43,532.84 |
| G0772R208 | BANK OF N.T. BUTTERFIELD&SON | BM | NTB | 1,790.1 | $55,779.42 |
| G1151C101 | ACCENTURE PLC - CL A | IE | ACN | 133.53 | $34,880.26 |
| G29183103 | EATON CORP PLC | US | ETN | 179.18 | $21,526.69 |
| G51502105 | JOHNSON CONTROLS INTERNATIONAL | US | JCI | 394.13 | $18,362.42 |
| G5494J103 | LINDE PLC | GB | LIN | 118.89 | $31,327.54 |
| G5960L103 | MEDTRONIC INC | IE | MDT | 7,197.18 | $843,077.30 |
| G85158106 | STONECO LTD-A | BR | STNE | 1,165.01 | $97,767.69 |
| G8994E103 | TRANE TECHNOLOGIES | IE | TT | 457.83 | $66,458.42 |
| G97822103 | PERRIGO CO PLC | IE | PRGO | 1,597.63 | $71,446.08 |
| H01301128 | ALCON INC | CH | ALC | 26,569.74 | $1,753,071.24 |
| H1467J104 | CHUBB LTD | CH | CB | 152.61 | $23,489.67 |
| H2906T109 | GARMIN LTD | CH | GRMN | 78.69 | $9,415.96 |
| N53745100 | LYONDELLBASELL INDU-CL A | US | LYB | 172.03 | $15,767.94 |
| ZO1818103 | NAVIGATOR HOLDINGS LTD 8.00000 09/10/2025 | MH | 51,096.96 | $52,629.87 | |
| ZO4110185 | BROOGE PETROLEUM AND GAS 8.50000 09/24/2025 | AE | 68,129.28 | $64,766.86 |
Based on the investments of the underlying fund(s): Manning & Napier Pro-Mix® Maximum Term CIT Fund and 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
$15.75
Daily $ Change
$0.02
Daily % Change
0.13%
as of 01/14/2021
CUSIP
56382R845
Inception Date
04/17/2015
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 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.
Performance
As of 12/31/2020
YTD
---
1 Year
18.63%
3 Year
11.15%
5 Year
10.73%
10 Year
8.57%
Inception
(01/01/2000)
7.86%
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 (01/06/2005) 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 | 0.49% |
| 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 12/31/2020
| TREASURY NOTES | 8.03% |
| GOVERNMENT AGENCY | 5.06% |
| TREASURY BONDS | 2.44% |
| NOVARTIS AG- REG | 1.74% |
| EXPEDIA INC | 1.72% |
| UNILEVER PLC - ADR | 1.71% |
| JOHNSON & JOHNSON | 1.62% |
| MASTERCARD INC-CLASS A | 1.58% |
| AMAZON.COM INC | 1.57% |
| VISA INC - CLASS A SHARES | 1.55% |
This investment list is unaudited and excludes cash.
Asset Allocation
As of 12/31/2020
| Stocks | 59.80% | |
| Bonds | 39.33% | |
| Cash | 0.87% |
Detailed Asset Class Allocation
As of 12/31/2020
| International Equities | 16.92% | |
| Small Capitalization | 2.41% | |
| Mid Capitalization | 9.32% | |
| Large Capitalization | 31.15% | |
| Long Term Fixed Income | 13.35% | |
| Intermediate Term Fixed Income | 23.78% | |
| Short Term Fixed Income | 2.20% | |
| Cash | 0.87% |
Due to rounding, the sum of the detailed asset class allocation categories may not equal the asset allocation totals provided above.
December Fund Holdings
As of 12/31/2020
| CUSIP | Security Description | Country | Ticker | Shares/Par | Market Value (USD) |
|---|---|---|---|---|---|
| 00206RDQ2 | AT&T INC 4.25000 03/01/2027 | US | 197,574.9 | $231,109.92 | |
| 00287Y109 | ABBVIE INC | US | ABBV | 424.45 | $45,479.32 |
| 00507V109 | ACTIVISION INC | US | ATVI | 11,227.7 | $1,042,492.40 |
| 00653VAA9 | ADAPTHEALTH LLC 6.12500 08/01/2028 | US | 39,174.33 | $42,063.44 | |
| 00774MAG0 | AERCAP IRELAND CAP / GLOBA 4.45000 10/01/2025 | IE | 592,724.71 | $660,222.50 | |
| 00791GAA5 | AG MERGER SUB II INC 10.75000 08/01/2027 | US | 40,877.57 | $45,169.71 | |
| 00842XAA7 | AFFINITY GAMING 6.87500 12/15/2027 | US | 28,954.94 | $30,338.70 | |
| 008492100 | AGREE REALTY CORP | US | ADC | 961.99 | $64,048.99 |
| 00912XAV6 | AIR LEASE CORP 3.62500 04/01/2027 | US | 449,653.23 | $481,889.80 | |
| 01166WAA5 | ALASKA AIR 2020-1 CL B 8.00000 08/15/2025 | US | 52,800.19 | $57,354.32 | |
| 01609W102 | ALIBABA GROUP - ADR | CN | BABA | 3,958.31 | $921,217.72 |
| 01609WAT9 | ALIBABA GROUP HOLDING 3.40000 12/06/2027 | KY | 705,138.02 | $789,402.96 | |
| 020002101 | ALLSTATE CORPORATION | US | ALL | 124.68 | $13,705.70 |
| 02079K305 | ALPHABET INC-CL A | US | GOOGL | 1,032.16 | $1,809,002.36 |
| 023135106 | AMAZON.COM INC | US | AMZN | 596.13 | $1,941,557.51 |
| 0237400 | DIAGEO PLC | GB | DGE LN | 13,922.9 | $550,911.89 |
| 024835100 | AMERICAN CAMPUS COMMUNITIES | US | ACC | 1,155.13 | $49,404.99 |
| 025816109 | AMERICAN EXPRESS CO | US | AXP | 6,301.96 | $761,969.76 |
| 02665T306 | AMERICAN HOMES 4 RENT- A | US | AMH | 2,968.73 | $89,062.00 |
| 03027X100 | AMERICAN TOWER REIT INC | US | AMT | 3,900.4 | $875,484.04 |
| 03027XAW0 | AMERICAN TOWER CORP 3.80000 08/15/2029 | US | 592,724.71 | $689,124.06 | |
| 03064D108 | AMERICOLD REALTY TRUST | US | COLD | 2,629.11 | $98,144.63 |
| 032654105 | ANALOG DEVICES INC | US | ADI | 114.12 | $16,858.44 |
| 03690AAD8 | ANTERO MIDSTREAM PART / FI 5.75000 03/01/2027 | US | 44,284.03 | $43,509.06 | |
| 03690AAF3 | ANTERO MIDSTREAM PART/FI 5.75000 01/15/2028 | US | 28,954.94 | $27,802.54 | |
| 03690EAA6 | ANTERO MIDSTREAM PART/FI 7.87500 05/15/2026 | US | 11,922.62 | $12,311.06 | |
| 03750L109 | APARTMENT INCOME REIT CO | US | AIRC | 1,020.58 | $39,200.35 |
| 03784Y200 | APPLE HOSPITALITY REIT INC | US | APLE | 4,048.58 | $52,267.20 |
| 039483102 | ARCHER-DANIELS-MIDLAND CO | US | ADM | 253.44 | $12,775.96 |
| 04364VAR4 | ASCENT RESOURCES 8.25000 12/31/2028 | US | 23,845.25 | $23,785.63 | |
| 045054AJ2 | ASHTEAD CAPITAL INC 4.00000 05/01/2028 | US | 204,387.83 | $217,088.49 | |
| 053015103 | AUTOMATIC DATA PROCESSING | US | ADP | 109.35 | $19,267.03 |
| 053484101 | AVALONBAY COMMUNITIES INC | US | AVB | 308.29 | $49,458.16 |
| 05401AAJ0 | AVOLON HOLDINGS FNDG LTD 3.25000 02/15/2027 | KY | 258,891.25 | $264,151.47 | |
| 055622104 | BP PLC-SPONS ADR | GB | BP | 13,038.24 | $267,544.69 |
| 05722G100 | BAKER HUGHES CO | US | BKR | 504.84 | $10,525.87 |
| 060505104 | BANK OF AMERICA CORP | US | BAC | 1,824.16 | $55,290.33 |
| 06051GFM6 | BANK OF AMERICA CORP 4.00000 01/22/2025 | US | 306,581.75 | $344,500.24 | |
| 071734AH0 | BAUSCH HEALTH COS INC 5.00000 01/30/2028 | CA | 39,174.33 | $40,370.72 | |
| 084423102 | WR BERKLEY CORP | US | WRB | 11,977.13 | $795,520.77 |
| 084670702 | BERKSHIRE HATHAWAY INC-CL B | US | BRK/B | 5,463.97 | $1,266,930.27 |
| 086516101 | BEST BUY INC | US | BBY | 147.16 | $14,685.02 |
| 09061G101 | BIOMARIN PHARMACEUTICAL INC | US | BMRN | 9,987.75 | $875,825.98 |
| 0963318 | DECHRA PHARMACEUTICALS PLC | GB | DPH LN | 1,205.89 | $56,793.37 |
| 105368203 | BRANDYWINE REALTY TRUST | US | BDN | 2,607.65 | $31,057.09 |
| 110122108 | BRISTOL MYERS SQUIBB CO | US | BMY | 602.26 | $37,358.36 |
| 116ESCAD6 | BRUIN E&P PARTNERS LLC 0.00000 08/01/2023 | US | 131,148.86 | $13.11 | |
| 12467AAF5 | C&S GROUP ENTERPRISES LL 5.00000 12/15/2028 | US | 42,580.8 | $42,456.46 | |
| 12503M108 | CBOE GLOBAL MARKETS INC | US | CBOE | 3,372.4 | $314,037.82 |
| 12514G108 | CDW CORP/DE | US | CDW | 4,666.86 | $615,044.89 |
| 12530MAA3 | SORT 2020-1 A1 MTGE 1.69000 07/15/2060 | US | 243,829.28 | $248,368.18 | |
| 12530MAB1 | SORT 2020-1 A2 1.99000 07/15/2060 | US | 202,337.9 | $204,921.37 | |
| 12541W209 | C.H. ROBINSON WORLDWIDE INC | US | CHRW | 90.61 | $8,505.74 |
| 12555DAA3 | CIM 2019-INV1 A1 4.00000 02/25/2049 | US | 73,425.73 | $75,479.96 | |
| 12572Q105 | CME GROUP INC | US | CME | 1,696.42 | $308,833.08 |
| 12646XAH5 | CSMC 2013-IVR3 A1 2.50000 05/25/2043 | US | 150,774.18 | $153,481.44 | |
| 12654TAA8 | CNX MIDSTREAM PTR/CNX 6.50000 03/15/2026 | US | 28,954.94 | $29,461.65 | |
| 127097103 | CABOT OIL & GAS CORP | US | COG | 89,426.49 | $1,455,863.25 |
| 133131102 | CAMDEN PROPERTY TRUST | US | CPT | 627.13 | $62,662.83 |
| 13321L108 | CAMECO CORP | CA | CCJ | 60,018.15 | $804,243.16 |
| 14174T107 | CARETRUST REIT INC | US | CTRE | 1,266.52 | $28,091.49 |
| 149123101 | CATERPILLAR INC | US | CAT | 190.42 | $34,660.49 |
| 14980AAA0 | CAZENOVIA CREEK FUNDING LLC 3.56070 07/15/2030 | US | 107,442.58 | $107,899.00 | |
| 16119P108 | CHARTER COMMUNICATIONS INC-A | US | CHTR | 1,863.34 | $1,232,689.75 |
| 172062101 | CINCINNATI FINANCIAL CORP | US | CINF | 71.54 | $6,250.08 |
| 17275R102 | CISCO SYSTEMS INC | US | CSCO | 1,050.21 | $46,997.02 |
| 172967424 | CITIGROUP INC | US | C | 546.74 | $33,711.83 |
| 172967KA8 | CITIGROUP INCA 4.45000 09/29/2027 | US | 388,336.88 | $459,067.85 | |
| 191216100 | COCA COLA CO/THE | US | KO | 23,313.84 | $1,278,530.91 |
| 194162103 | COLGATE-PALMOLIVE CO | US | CL | 314.42 | $26,885.76 |
| 20030N101 | COMCAST CORP-CL A | US | CMCSA | 816.19 | $42,768.29 |
| 20030NCY5 | COMCAST CORP 3.25000 11/01/2039 | US | 456,466.16 | $518,265.24 | |
| 20369C106 | COMMUNITY HEALTHCARE TRUST I | US | CHCT | 1,010.36 | $47,597.93 |
| 20449X401 | COMPASS GROUP PLC ADR | GB | CMPGY | 31,945.82 | $598,345.17 |
| 205887102 | CONAGRA BRAND INC. | US | CAG | 278.99 | $10,116.16 |
| 20605P101 | CONCHO RESOURCES INC | US | CXO | 15,005.47 | $875,569.37 |
| 20825C104 | CONOCOPHILLIPS | US | COP | 16,370.78 | $654,667.65 |
| 21036P108 | CONSTELLATION BRANDS INC-A | US | STZ | 64.72 | $14,177.53 |
| 21240E105 | CONTROLADORA VUELA CIA DE AV | MX | VLRS | 5,492.92 | $68,222.10 |
| 217204106 | COPART INC | US | CPRT | 5,389.03 | $685,753.54 |
| 222795502 | COUSINS PROPERTIES INC | US | CUZ | 2,761.96 | $92,525.69 |
| 22534GAA1 | CAALT 2020-1A 2.01000 02/15/2029 | US | 316,801.14 | $323,900.53 | |
| 22822V101 | CROWN CASTLE INTL CORP | US | CCI | 599.54 | $95,440.40 |
| 22822VAN1 | CROWN CASTLE INTL CORP 3.10000 11/15/2029 | US | 340,646.39 | $375,369.82 | |
| 22944PAA5 | CSMC 2013-TH1 A1 2.13000 02/25/2043 | US | 92,254.81 | $93,924.53 | |
| 229663109 | CUBESMART | US | CUBE | 1,028.75 | $34,576.36 |
| 231021106 | CUMMINS INC | US | CMI | 75.62 | $17,174.10 |
| 253868103 | DIGITAL REALTY TRUST INC | US | DLR | 954.49 | $133,161.06 |
| 256746108 | DOLLAR TREE STORES INC | US | DLTR | 5,630.88 | $608,360.79 |
| 25746UDG1 | DOMINION ENERGY 3.37500 04/01/2030 | US | 309,988.21 | $353,105.98 | |
| 25960P109 | DOUGLAS EMMETT INC | US | DEI | 1,497.82 | $43,706.45 |
| 260003108 | DOVER CORP | US | DOV | 62.68 | $7,913.22 |
| 26439XAC7 | DCP MIDSTREAM OPERATING 8.12500 08/16/2030 | US | 34,064.64 | $43,517.58 | |
| 264411505 | DUKE RLTY INVTS INC | US | DRE | 2,022.08 | $80,822.42 |
| 26875P101 | EOG RESOURCES INC | US | EOG | 12,273.15 | $612,061.92 |
| 26884L109 | EQT CORP | US | EQT | 45,493.32 | $578,220.16 |
| 26884LAG4 | EQT CORP 8.75000 02/01/2030 | US | 30,658.17 | $37,556.26 | |
| 2715777 | QUEBECOR INC -CL B | CA | QBR/B CN | 5,067.12 | $130,409.84 |
| 285512109 | ELECTRONIC ARTS | US | EA | 4,724.77 | $678,476.31 |
| 291011104 | EMERSON ELEC CO | US | EMR | 268.09 | $21,546.29 |
| 29273RAR0 | ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 | US | 548,440.68 | $669,089.82 | |
| 29275YAC6 | ENERSYS 4.37500 12/15/2027 | US | 5,109.7 | $5,403.50 | |
| 29444U700 | EQUINIX INC | US | EQIX | 1,882.75 | $1,344,624.24 |
| 29472R108 | EQUITY LIFESTYLE PROPERTIES | US | ELS | 1,432.08 | $90,736.42 |
| 297178105 | ESSEX PROPERTY TRUST INC | US | ESS | 150.91 | $35,828.19 |
| 30212P303 | EXPEDIA INC | US | EXPE | 16,129.61 | $2,135,559.89 |
| 30212PAS4 | EXPEDIA GROUP INC 6.25000 05/01/2025 | US | 204,387.83 | $236,906.05 | |
| 30225T102 | EXTRA SPACE STORAGE INC | US | EXR | 225.51 | $26,127.35 |
| 30231G102 | EXXON MOBIL CORP | US | XOM | 17,676.14 | $728,610.53 |
| 302491303 | FMC CORP | US | FMC | 5,198.26 | $597,436.46 |
| 30264DAA7 | FS ENERGY & POWER FUND 7.50000 08/15/2023 | US | 40,877.57 | $38,986.98 | |
| 30286XAN9 | FREMF 2015-K43 B FLT 3.73274 02/25/2048 | US | 715,357.41 | $781,314.65 | |
| 30291HAA5 | FREMF 2013-K28 X2A 0.10000 06/25/2046 | US | 46,346,704.3 | $73,408.54 | |
| 30303M102 | FACEBOOK INC -A | US | FB | 6,571.07 | $1,794,953.15 |
| 311900104 | FASTENAL CO | US | FAST | 294.66 | $14,388.21 |
| 3128M5DD9 | FHLM POOL G03400 5.50000 03/01/2037 | US | 59,728.45 | $69,597.73 | |
| 3128M6NC8 | FHLM POOL G04587 5.50000 08/01/2038 | US | 38,878.31 | $45,720.21 | |
| 3128M73P9 | FHLM POOL G05906 6.00000 04/01/2040 | US | 28,252.79 | $33,532.88 | |
| 3128MB4Q7 | FHLM POOL G13331 5.50000 10/01/2023 | US | 964.05 | $998.19 | |
| 3128MBDP9 | FHLM POOL G12610 6.00000 03/01/2022 | US | 1,261.28 | $1,278.66 | |
| 3128MBE45 | FHLM POOL G12655 6.00000 05/01/2022 | US | 946.28 | $962.54 | |
| 3128MBRH2 | FHLM POOL G12988 6.00000 01/01/2023 | US | 1,088.75 | $1,122.01 | |
| 3128MBUB1 | FHLM POOL G13078 6.00000 03/01/2023 | US | 1,653.01 | $1,700.66 | |
| 3128MJ2U3 | FHLM GOLD POOL FG G08786 4.50000 10/01/2047 | US | 247,611.51 | $270,316.74 | |
| 3128MJJT8 | FHLM POOL G08273 5.50000 06/01/2038 | US | 56,268.98 | $66,170.80 | |
| 3128P76R9 | FHLM POOL C91780 4.50000 07/01/2034 | US | 202,109.67 | $223,469.89 | |
| 3132DWAG8 | FEDERAL NATL MTG ASSN FR SD8107 2.50000 11/01/2050 | US | 843,247.46 | $889,681.94 | |
| 3132LMMM5 | FHLM POOL K91364 4.50000 11/01/2033 | US | 62,172.44 | $67,337.48 | |
| 3132LNE83 | FHLM POOL K92059 4.50000 09/01/2034 | US | 138,643.32 | $151,403.15 | |
| 3135G05Y5 | FANNIE MAE 0.75000 10/08/2027 | US | 1,195,668.82 | $1,200,318.70 | |
| 3136AY6W8 | FNA 2017-M15 A1 FLT 2.95934 09/25/2027 | US | 418,739.37 | $453,696.28 | |
| 3136B1YD0 | FNR 2018-31 KP 3.50000 07/25/2047 | US | 93,603.51 | $96,955.51 | |
| 3137ADTK3 | FHMS K014 X1 FLT 1.17813 04/25/2021 | US | 860,363.82 | $1,004.73 | |
| 3137AJMG6 | FMHS K016 X1 FLT 1.48098 10/25/2021 | US | 1,270,931.58 | $6,541.87 | |
| 3137AME78 | FHMS K017 X1 FLT 1.28567 12/25/2021 | US | 8,527,933.67 | $58,476.89 | |
| 3137AUPF0 | FHMS K021 x1 FLT 1.40440 06/25/2022 | US | 4,013,914.32 | $59,287.12 | |
| 3137B3NB0 | FHMS K030 X1 FLT 0.16985 04/25/2023 | US | 15,010,859.18 | $52,625.07 | |
| 3137B4GZ3 | FHMS K032 X1 FLT 0.08901 05/25/2023 | US | 9,655,812.61 | $24,292.09 | |
| 3137F4YU0 | FHR 4791 BA MTGE 4.00000 03/15/2044 | US | 91,860.96 | $92,953.41 | |
| 3137FG2L8 | FHR 4801 BA MTGE 4.50000 05/15/2044 | US | 43,764.52 | $44,135.00 | |
| 3138ABBY4 | FEDERAL NATL MTG ASSN AH9054 4.50000 04/01/2041 | US | 45,275.04 | $51,277.61 | |
| 3138ETT89 | FEDERAL NATL MTG ASSN AL8674 FLT 5.64100 01/01/2049 | US | 770,865.07 | $903,618.99 | |
| 31403DDX4 | FEDERAL NATL MTG ASSN 745418 5.50000 04/01/2036 | US | 134,720.76 | $158,334.82 | |
| 31407EJW4 | FEDERAL NATL MTG ASSN 828377 5.50000 06/01/2035 | US | 69,911.07 | $82,179.64 | |
| 31410FSE6 | FEDERAL NATL MTG ASSN 888017 6.00000 11/01/2021 | US | 544.18 | $548.46 | |
| 31410FV51 | FEDERAL NATL MTG ASSN 888136 6.00000 12/01/2021 | US | 837.96 | $847.09 | |
| 31410GCD3 | FEDERAL NATL MTG ASSN 888468 5.50000 09/01/2021 | US | 1,983.64 | $1,991.17 | |
| 31410GN33 | FEDERAL NATL MTG ASSN 888810 5.50000 11/01/2022 | US | 2,524.53 | $2,538.20 | |
| 31410KGB4 | FEDERAL NATL MTG ASSN 889494 5.50000 01/01/2037 | US | 129,560.92 | $152,097.13 | |
| 31411JXP6 | FEDERAL NATL MTG ASSN 909786 5.50000 03/01/2037 | US | 23,449.05 | $27,421.00 | |
| 31416BSW9 | FEDERAL NATL MTG ASSN 995233 5.50000 10/01/2021 | US | 6.21 | $6.23 | |
| 31416BVW5 | FEDERAL NATL MTG ASSN 995329 5.50000 12/01/2021 | US | 941.08 | $946.99 | |
| 31418BDH6 | FEDERAL NATL MTG ASSN MA1903 4.50000 05/01/2034 | US | 197,329.26 | $218,138.15 | |
| 31418CYJ7 | FEDERAL NATL MTG ASSN FN MA3412 3.50000 07/01/2038 | US | 94,717.6 | $100,304.95 | |
| 31418DU59 | FEDERAL NATL MTG FN MA4203 2.50000 12/01/2040 | US | 721,905.86 | $762,405.77 | |
| 31418DU67 | FEDERAL NATL MTG ASSN FN MA4204 2.00000 12/01/2040 | US | 733,403.78 | $761,921.62 | |
| 31418MG63 | FEDERAL NATL MTG ASSN AD0220 6.00000 10/01/2038 | US | 10,626.88 | $12,661.18 | |
| 31418MQQ8 | FEDERAL NATL MTG ASSN AD0462 5.50000 10/01/2024 | US | 2,340.86 | $2,470.76 | |
| 316773100 | FIFTH THIRD BANCORP | US | FITB | 362.79 | $10,002.08 |
| 32054K103 | FIRST INDUSTRIAL REALTY TR | US | FR | 1,443.66 | $60,821.37 |
| 34461LAA2 | FONTAINEBLEAU MIAMI BEACH TRUST 3.14400 12/10/2036 | US | 330,426.99 | $346,243.15 | |
| 345370CW8 | FORD MOTOR COMPANY 9.00000 04/22/2025 | US | 35,767.87 | $43,851.77 | |
| 345397XU2 | FORD MOTOR CREDIT CO LLC 4.38900 01/08/2026 | US | 25,548.48 | $26,817.73 | |
| 346232AE1 | FORESTAR GROUP INC 5.00000 03/01/2028 | US | 25,548.48 | $26,378.80 | |
| 34960PAB7 | FORTRESS TRANS & INFRAST 6.50000 10/01/2025 | US | 28,954.94 | $30,261.10 | |
| 34960PAC5 | FORTRESS TRANS & INFRAST 9.75000 08/01/2027 | US | 25,548.48 | $29,284.94 | |
| 35166FAA0 | FOXTROT ESCROW ISSUER 12.25000 11/15/2026 | US | 30,658.17 | $34,950.32 | |
| 357081AE8 | FREMF 2015-K720 B FLT 3.39339 07/25/2022 | US | 364,491.63 | $376,660.01 | |
| 36166LAA5 | GEMS MENASA KY LTD/GEMS 7.12500 07/31/2026 | AE | 25,548.48 | $26,634.29 | |
| 36223NTR5 | GNMA POOL 312960 9.00000 09/15/2021 | US | 11.02 | $11.05 | |
| 36257MAA3 | GSMS 2019-70P A 1.15900 10/15/2036 | US | 315,097.91 | $307,195.22 | |
| 369550108 | GENERAL DYNAMICS CORP | US | GD | 104.58 | $15,563.36 |
| 369604BQ5 | GENERAL ELECTRIC CO 5.00000 01/21/2021 | US | 476,904.94 | $443,640.82 | |
| 370334104 | GENERAL MLS INC | US | GIS | 275.58 | $16,204.28 |
| 372460105 | GENUINE PARTS CO | US | GPC | 93 | $9,339.63 |
| 37255LAA5 | GENWORTH MORTGAGE HLDING 6.50000 08/15/2025 | US | 54,503.42 | $58,999.95 | |
| 374297109 | GETTY REALTY CORP | US | GTY | 1,437.87 | $39,598.90 |
| 375558103 | GILEAD SCIENCES INC | US | GILD | 388 | $22,604.66 |
| 37953TAB1 | GLOBAL SHIP LEASE INC 9.87500 11/15/2022 | MH | 68,129.28 | $69,832.51 | |
| 38379RRX3 | GNR 2017-54 AH MTGE 2.60000 12/16/2056 | US | 354,792.76 | $372,317.68 | |
| 383909AF5 | WR GRACE & CO-CONN 5.62500 10/01/2024 | US | 22,142.02 | $23,885.70 | |
| 384802104 | WW GRAINGER INC | US | GWW | 22.14 | $9,041.47 |
| 388689101 | GRAPHIC PACKAGING HOLDING CO | US | GPK | 76,625 | $1,298,027.47 |
| 400506101 | GRUPO AEROPORTUARIO PAC-ADR | MX | PAC | 292.96 | $32,603.06 |
| 40051E202 | GRUPO AEROPORTUARIO DEL SURESTE | MX | ASR | 221.42 | $36,518.83 |
| 4012250 | AIRBUS SE | FR | AIR FP | 338.94 | $37,197.05 |
| 4031976 | ADIDAS AG | DE | ADS GR | 163.51 | $59,485.85 |
| 404119BX6 | HCA INC 4.12500 06/15/2029 | US | 296,362.36 | $343,804.51 | |
| 416515104 | HARTFORD FINL SVCS | US | HIG | 189.06 | $9,260.10 |
| 418751AD5 | HAT HOLDINGS I LLC/HAT 3.75000 09/15/2030 | US | 28,954.94 | $30,040.75 | |
| 419792A22 | HAWAII ST 2.68200 10/01/2030 | US | 34,064.64 | $35,477.98 | |
| 421946104 | HEALTHCARE REALTY TRUST INC | US | HR | 1,595.93 | $47,239.48 |
| 42225P501 | HEALTHCARE TRUST OF AMERICA | US | HTA | 2,010.84 | $55,378.41 |
| 42250P103 | HEALTHPEAK PROPERTIES INC | US | PEAK | 2,664.88 | $80,559.22 |
| 423012301 | HEINEKEN NV-SPN ADR | NL | HEINY | 11,462.75 | $640,080.01 |
| 427866108 | HERSHEY CO/THE | US | HSY | 96.4 | $14,685.06 |
| 431571AB4 | HILLENBRAND INC 5.00000 09/15/2026 | US | 22,142.02 | $24,826.73 | |
| 43300A203 | HILTON WORLDWIDE HOLDINGS INC | US | HLT | 3,308.36 | $368,087.88 |
| 437076102 | HOME DEPOT INC | US | HD | 258.21 | $68,585.73 |
| 438516106 | HONEYWELL INTERNATIONAL INC | US | HON | 212.56 | $45,212.22 |
| 440452100 | HORMEL FOODS CORP | US | HRL | 188.72 | $8,796.15 |
| 443201AA6 | HOWMET AEROSPACE INC 6.87500 05/01/2025 | US | 23,845.25 | $27,898.94 | |
| 443628AH5 | HUDBAY MINERALS INC 6.12500 04/01/2029 | CA | 27,251.71 | $29,363.72 | |
| 444454AD4 | HUGHES SATELLITE SYSTEMS 5.25000 08/01/2026 | US | 25,548.48 | $28,199.13 | |
| 450913AF5 | IAMGOLD CORP 5.75000 10/15/2028 | CA | 39,174.33 | $39,761.95 | |
| 45168D104 | IDEXX LABORATORIES INC | US | IDXX | 1,362.59 | $681,115.64 |
| 452308109 | ILLINOIS TOOL WKS INC | US | ITW | 120.93 | $24,655.10 |
| 45337C102 | INCYTE CORP | US | INCY | 4,915.53 | $427,552.57 |
| 45569LAA9 | INDIGO NATURAL RES LLC 6.87500 02/15/2026 | US | 27,251.71 | $27,864.87 | |
| 45682RAA8 | INFRABUILD AUSTRALIA PTY 12.00000 10/01/2024 | AU | 40,877.57 | $41,337.44 | |
| 45778Q107 | INSPERITY INC | US | NSP | 7,191.05 | $585,494.90 |
| 458140100 | INTEL CORP | US | INTC | 991.28 | $49,385.62 |
| 45866F104 | INTERCONTINENTALEXCHANGE INC | US | ICE | 11,295.83 | $1,302,296.72 |
| 459200101 | INTERNATIONAL BUSINESS MACH CORP | US | IBM | 267.07 | $33,618.36 |
| 459506101 | INTERNATIONAL FLVRS & FRAGRANCES | US | IFF | 46.67 | $5,079.41 |
| 46116VAE5 | INTL FC STORE INC 8.62500 06/15/2025 | US | 49,393.73 | $53,715.68 | |
| 46187BAA1 | IHSFR 2017-SFR2 A 1.00300 12/17/2036 | US | 151,683.99 | $151,314.01 | |
| 46187BAB9 | IHSFR 2017-SFR2 B 1.30300 12/17/2036 | US | 126,039.16 | $125,734.04 | |
| 46187W107 | INVITATION HOMES INC | US | INVH | 4,691.04 | $139,323.93 |
| 46284VAN1 | IRON MOUNTAIN INC 4.50000 02/15/2031 | US | 27,251.71 | $28,546.17 | |
| 465410BX5 | ITALY GOV'T INT BOND 2.37500 10/17/2024 | IT | 170,323.19 | $179,105.45 | |
| 46625H100 | JP MORGAN CHASE & CO | US | JPM | 583.87 | $74,192.09 |
| 46639GAL0 | JPMMT 2013-1 1A2 3.00000 03/25/2043 | US | 68,372.56 | $69,345.88 | |
| 46640BAC8 | JPMMT 2013-2 A2 3.50000 05/25/2043 | US | 80,993.79 | $82,590.57 | |
| 46641YAA1 | JPMMT 2014-2 1A1 3.00000 06/25/2029 | US | 181,406.22 | $185,535.71 | |
| 46647PBP0 | JPMORGAN CHASE & CO 2.95600 05/13/2031 | US | 548,440.68 | $601,415.11 | |
| 46647SAJ9 | JPMMT 2017-3 1A5 3.50000 08/25/2047 | US | 37,833.87 | $37,858.90 | |
| 478160104 | JOHNSON & JOHNSON | US | JNJ | 12,775.6 | $2,010,624.25 |
| 47987LAA9 | JONAH NRG LLC/FINANCE 7.25000 10/15/2025 | US | 131,148.86 | $1,283.16 | |
| 48088LAB3 | JOSEPH T RYERSON & SON 8.50000 08/01/2028 | US | 21,460.72 | $24,304.27 | |
| 482480100 | KLA-TENCOR CORPORATION | US | KLAC | 73.58 | $19,050.50 |
| 487526AB1 | KEHE DISTRIBUTORS LLC/FI 8.62500 10/15/2026 | US | 40,877.57 | $45,885.07 | |
| 49427F108 | KILROY REALTY CORP | US | KRC | 1,209.64 | $69,433.07 |
| 494368103 | KIMBERLY CLARK CORP | US | KMB | 134.56 | $18,142.09 |
| 494550AW6 | KINDER MORGAN ENER PART 6.95000 01/15/2038 | US | 429,214.45 | $587,298.27 | |
| 49474FXR6 | KING CNTY WA 1.30000 12/01/2028 | US | 270,813.88 | $273,234.95 | |
| 501044101 | KROGER CO | US | KR | 385.27 | $12,236.21 |
| 50212YAC8 | LPL HOLDINGS INC 4.62500 11/15/2027 | US | 27,251.71 | $28,205.52 | |
| 505742AG1 | LADDER CAP FIN LLLP/CORP 5.25000 10/01/2025 | US | 51,096.96 | $50,969.22 | |
| 5107401 | BEIERSDORF AG | DE | BEI GR | 766.45 | $88,111.30 |
| 512816109 | LAMAR ADVERTISING CO-A | US | LAMR | 477.59 | $39,744.73 |
| 53223X107 | LIFE STORAGE INC | US | LSI | 471.45 | $56,286.96 |
| 532457108 | ELI LILLY & CO | US | LLY | 190.08 | $32,093.22 |
| 539830109 | LOCKHEED MARTIN CORP | US | LMT | 85.84 | $30,472.51 |
| 541056AA5 | LOGAN MERGER SUB INC 5.50000 09/01/2027 | US | 22,142.02 | $23,193.76 | |
| 54240F202 | LONESTAR RES US INC NPV | US | 1,700.51 | $3,094.92 | |
| 550021109 | LULULEMON - ADR | CA | LULU | 139.32 | $48,489.06 |
| 552848AG8 | MGIC INVESTMENT CORP 5.25000 08/15/2028 | US | 40,877.57 | $43,739.00 | |
| 55303XAL9 | MGM GROWTH/MGM FINANCE 3.87500 02/15/2029 | US | 28,954.94 | $29,606.43 | |
| 56585A102 | MARATHON PETROLEUM CORP | US | MPC | 324.98 | $13,441.03 |
| 573284106 | MARTIN MARIETTA MATERIALS | US | MLM | 1,090.07 | $309,546.73 |
| 57636Q104 | MASTERCARD INC-CLASS A | US | MA | 5,470.78 | $1,952,740.56 |
| 577128AA9 | MATTHEWS INTERNATIONAL C 5.25000 12/01/2025 | US | 42,580.8 | $43,006.61 | |
| 5852842 | ACCOR SA | FR | AC FP | 689.81 | $25,026.82 |
| 58933Y105 | MERCK & CO INC | US | MRK | 607.03 | $49,655.21 |
| 594918104 | MICROSOFT CORP | US | MSFT | 5,767.14 | $1,282,728.02 |
| 595112103 | MICRON TECHNOLOGY INC | US | MU | 17,005.07 | $1,278,440.98 |
| 59522J103 | MID-AMERICA APARTMENT COMM | US | MAA | 848.89 | $107,545.97 |
| 609207105 | MONDELEZ INTERNATIONAL INC | US | MDLZ | 21,770.03 | $1,272,893.61 |
| 615369105 | MOODY'S CORPORATION | US | MCO | 1,774.77 | $515,108.57 |
| 61965RAA3 | MOSS CREEK RESOURCES HLD 7.50000 01/15/2026 | US | 40,877.57 | $31,066.95 | |
| 62913TAJ1 | NGL ENRGY PART LP/FIN CO 7.50000 11/01/2023 | US | 39,174.33 | $27,740.33 | |
| 6321954 | TRAVELSKY TECHNOLOGY LTD-H | CN | 696 HK | 49,734.37 | $120,153.91 |
| 63938CAH1 | NAVIENT CORP 6.75000 06/25/2025 | US | 39,174.33 | $42,602.09 | |
| 63938EAC8 | NAVSL 2014-1 A3 FLT 0.65800 06/25/2031 | US | 261,129.71 | $255,335.34 | |
| 63938NAF1 | NAVIOS SA LOGIST/FIN US 10.75000 07/01/2025 | MUL | 25,548.48 | $27,336.87 | |
| 64110D104 | NETAPP INC | US | NTAP | 123.65 | $8,190.88 |
| 644393AA8 | NEW FORTRESS ENERGY INC 6.75000 09/15/2025 | US | 54,503.42 | $57,892.44 | |
| 64829DAG1 | NRZT 2014-3A AFX3 3.75000 11/25/2054 | US | 122,672.47 | $131,427.24 | |
| 64829EAA2 | NRZT 2015-2A A1 3.75000 08/25/2055 | US | 213,531.04 | $227,542.96 | |
| 64829LAA6 | NRZT 2016-4A A1 3.75000 11/25/2056 | US | 413,640.15 | $440,743.88 | |
| 64971XPG7 | NEW YORK CITY NY TRANSITIONALFIN 1.58000 05/01/2024 | US | 131,148.86 | $135,110.87 | |
| 655844108 | NORFOLK SOUTHN CORP | US | NSC | 2,679.87 | $636,762.75 |
| 6642321 | NIKON CORP | JP | 7731 JP | 78,655.25 | $496,934.35 |
| 66727WAA0 | NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 | CA | 126,039.16 | $850.76 | |
| 66987V109 | NOVARTIS AG- REG | CH | NVS | 22,780.73 | $2,151,184.06 |
| 670346105 | NUCOR CORP | US | NUE | 185.99 | $9,892.96 |
| 6742340 | SHANDONG WEIGAO | CN | 1066 HK | 54,503.42 | $123,309.39 |
| 674599EA9 | OCCIDENTAL PETROLEUM COR 8.87500 07/15/2030 | US | 25,548.48 | $29,987.53 | |
| 675232AB8 | OCEANEERING INTL INC 6.00000 02/01/2028 | US | 37,471.1 | $33,489.80 | |
| 6821506 | SONY CORP FIRST SECTION | JP | 6758 JP | 919.75 | $92,680.97 |
| 68389X105 | ORACLE CORP | US | ORCL | 585.91 | $37,902.63 |
| 691205AC2 | OWL ROCK TECHNOLOGY FINA 4.75000 12/15/2025 | US | 37,471.1 | $39,129.00 | |
| 691205AE8 | OWL ROCK TECHNOLOGY 3.75000 06/17/2026 | US | 218,013.69 | $219,197.04 | |
| 69121KAE4 | OWL ROCK CAPITAL CORP 3.40000 07/15/2026 | US | 42,580.8 | $43,190.49 | |
| 69144AAA7 | OXFIN 2020-1A A2 3.10100 02/15/2028 | US | 408,775.66 | $418,381.65 | |
| 69145LAA2 | OXFORD FIN LLC/CO-ISS II 6.37500 12/15/2022 | US | 28,954.94 | $28,882.56 | |
| 69306RAA4 | P&L DEV LLC/PLD 7.75000 11/15/2025 | US | 40,877.57 | $43,943.38 | |
| 69327RAJ0 | PDC ENERGY INC 5.75000 05/15/2026 | US | 23,845.25 | $24,620.22 | |
| 693456AW5 | PMTLT 2013-J1 a9 3.50000 09/25/2043 | US | 148,183.8 | $151,527.65 | |
| 693475105 | PNC FINANCIAL SERVICES GROUP | US | PNC | 119.57 | $17,815.47 |
| 693506107 | PPG INDUSTRIES INC | US | PPG | 85.5 | $12,331.13 |
| 69354NAC0 | PRA GROUP INC 7.37500 09/01/2025 | US | 39,174.33 | $42,308.28 | |
| 69356MAA4 | PM GENERAL PURCHASER LLC 9.50000 10/01/2028 | US | 40,877.57 | $45,271.90 | |
| 701094104 | PARKER HANNIFIN CORP | US | PH | 51.1 | $13,919.32 |
| 7021963 | DEUTSCHE BOERSE AG | DE | DB1 GR | 904.42 | $153,997.04 |
| 70450Y103 | PAYPAL HOLDINGS INC | US | PYPL | 5,753.52 | $1,347,473.79 |
| 7123870 | NESTLE SA-REGISTERED | CH | NESN SW | 10,478.28 | $1,238,651.58 |
| 713448108 | PEPSICO INC | US | PEP | 4,261.49 | $631,978.42 |
| 717081103 | PFIZER INC | US | PFE | 1,320.35 | $48,601.91 |
| 723787107 | PIONEER NATURAL RESOURCES CO | US | PXD | 8,219.8 | $936,152.71 |
| 741503AZ9 | BOOKING HOLDINGS INC 3.60000 06/01/2026 | US | 606,350.57 | $689,150.91 | |
| 74165HAB4 | PRIME HEALTHCARE SERVICE 7.25000 11/01/2025 | US | 40,877.57 | $43,432.41 | |
| 74166MAC0 | PRIME SECSRVC BRW/FINANC 5.75000 04/15/2026 | US | 28,954.94 | $31,705.66 | |
| 74340W103 | PROLOGIS | US | PLD | 2,870.29 | $286,052.75 |
| 74460D109 | PUBLIC STORAGE INC | US | PSA | 470.09 | $108,558.35 |
| 747525103 | QUALCOMM INC | US | QCOM | 269.11 | $40,996.32 |
| 74834L100 | QUEST DIAGNOSTICS INC | US | DGX | 75.62 | $9,012.05 |
| 750236AW1 | RADIAN GROUP INC 4.87500 03/15/2027 | US | 57,909.89 | $63,596.64 | |
| 75513E101 | RAYTHEON TECHNOLOGIES CORP | US | RTX | 412.18 | $29,475.14 |
| 756109104 | REALTY INCOME CORP | US | O | 495.64 | $30,813.97 |
| 7591EP100 | REGIONS FINANCIAL CORP. | US | RF | 536.18 | $8,643.18 |
| 76131D103 | RESTAURANT BRANDS INTERN | CA | QSR | 865.24 | $52,874.93 |
| 76169C100 | REXFORD INDUSTRIAL REALITY IN | US | REXR | 1,007.29 | $49,468.08 |
| 7698356 | GETINGE AB-B SHS | SE | GETIB SS | 5,385.62 | $126,032.56 |
| 773903109 | ROCKWELL AUTOMATION INC | US | ROK | 52.8 | $13,242.82 |
| 7792559 | HEINEKEN NV | NL | HEIA NA | 715.36 | $79,718.65 |
| 780259107 | ROYAL DUTCH SHELL PLC-ADR B | NL | RDS/B | 6,347.95 | $213,354.45 |
| 783513203 | RYANAIR HOLDINGS - ADR | IE | RYAAY | 6,430.04 | $707,175.93 |
| 78409V104 | S&P GLOBAL INC | US | SPGI | 1,297.86 | $426,646.42 |
| 78410G104 | SBA COMMUNICATIONS CORP | US | SBAC | 2,973.84 | $839,010.31 |
| 78442PGC4 | SLM CORP 5.12500 04/05/2022 | US | 59,613.12 | $60,954.41 | |
| 78442PGD2 | SLM CORP 4.20000 10/29/2025 | US | 52,800.19 | $55,770.20 | |
| 78449UAB4 | SMB 2020-A A2A MTGE 2.23000 09/15/2037 | US | 359,381.94 | $372,965.32 | |
| 78449XAA0 | SMB 2020-BA A1A 1.29000 07/15/2053 | US | 448,827.71 | $450,348.70 | |
| 785592AV8 | SABINE PASS LIQUEFACTION 5.87500 06/30/2026 | US | 565,473 | $683,714.73 | |
| 806857108 | SCHLUMBERGER LTD | NL | SLB | 16,696.78 | $364,490.76 |
| 81141R100 | SEA LTD - ADR | SG | SE | 559.68 | $111,404.70 |
| 81745BAB1 | SEMT 2013-6 A2 3.00000 05/25/2043 | US | 228,836.1 | $232,482.52 | |
| 81745CAB9 | SEMT 2013-7 A2 3.00000 06/25/2043 | US | 90,483.86 | $91,926.58 | |
| 81745EAA7 | SEMT 2013-8 A1 3.00000 06/25/2043 | US | 123,664.36 | $125,641.46 | |
| 81745MAA9 | SEMT 2013-2 1.87400 02/25/2043 | US | 108,023.94 | $109,060.04 | |
| 81762P102 | SERVICENOW INC | US | NOW | 1,161.6 | $639,381.79 |
| 83088M102 | SKYWORKS SOLUTIONS INC | US | SWKS | 65.4 | $9,998.98 |
| 832696405 | JM SMUCKER CO/THE-NEW COM WI | US | SJM | 70.85 | $8,190.77 |
| 83401BAB2 | SOFI 2017-F A2FX 2.84000 01/25/2041 | US | 54,572.96 | $55,781.11 | |
| 83404RAB4 | SOFI 2018-B A2FX MTGE 3.34000 08/25/2047 | US | 256,960.9 | $264,475.49 | |
| 83406TAB8 | SOFI 2020-A A2FX MTGE 2.54000 05/15/2046 | US | 226,529.85 | $234,067.81 | |
| 835699307 | SONY CORP SPONSORED ADR | JP | SNE | 7,759.92 | $784,528.38 |
| 837151XH7 | SOUTH CAROLINA ST PUBLIC SVC 2.32900 12/01/2028 | US | 659,150.76 | $689,636.48 | |
| 844741BJ6 | SOUTHWEST AIRLINES CO 5.25000 05/04/2025 | US | 439,433.84 | $508,935.08 | |
| 85172FAN9 | SPRINGLEAF FINANCE CORP 7.12500 03/15/2026 | US | 27,251.71 | $32,225.15 | |
| 85254J102 | STAG INDUSTRIAL INC | US | STAG | 1,040.67 | $32,593.93 |
| 854502101 | STANLEY WORKS/THE | US | SWK | 62 | $11,070.30 |
| 85571BAL9 | STARWOOD PROPERTY TRUST 4.75000 03/15/2025 | US | 40,877.57 | $41,899.51 | |
| 85571XAA5 | SRPT 2014-STAR A FLTG RATE 1.62863 11/15/2027 | US | 452,893.6 | $298,909.78 | |
| 857949BL0 | SS INT BEARING FD .022% 01/02/15 | US | 1,087,568.25 | $1,087,568.25 | |
| 861036AA9 | STL HOLDING CO LLC 7.50000 02/15/2026 | US | 54,503.42 | $56,547.30 | |
| 866674104 | SUN COMMUNITIES | US | SUI | 859.45 | $130,593.55 |
| 87105L104 | SWITCH INC - A | US | SWCH | 4,625.98 | $75,727.26 |
| 871829107 | SYSCO CORP | US | SYY | 206.43 | $15,329.62 |
| 874039100 | TAIWAN SEMICONDUCTOR - SP ADR | TW | TSM | 487.12 | $53,116.04 |
| 87422VAA6 | TALEN ENERGY SUPPLY LLC 6.50000 06/01/2025 | US | 27,251.71 | $22,210.14 | |
| 87485LAA2 | TALOS PRODUCTION INC 12.00000 01/15/2026 | US | 25,548.48 | $24,857.90 | |
| 87677QAA9 | TXEZ 2016-1A 3.13100 06/15/2028 | US | 47,423.09 | $47,529.12 | |
| 87901JAE5 | TEGNA INC 4.62500 03/15/2028 | US | 23,845.25 | $24,381.77 | |
| 88032WAN6 | TENCENT HOLDINGS 3.97500 04/11/2029 | KY | 442,840.3 | $504,564.16 | |
| 88146M101 | TERRENO REALTY CORP | US | TRNO | 729.32 | $42,672.74 |
| 882508104 | TEXAS INSTRUMENTS INC | US | TXN | 275.58 | $45,231.43 |
| 883556102 | THERMO FISHER SCIENTIFIC INC | US | TMO | 1,304.68 | $607,691.83 |
| 88579Y101 | 3M CO | US | MMM | 186.67 | $32,628.79 |
| 89151E109 | TOTAL S A SPONSORED ADR | FR | TOT | 7,032.64 | $294,738.14 |
| 89173CAA5 | TPMT 2016-5 A1 2.50000 10/25/2056 | US | 457,844.7 | $466,745.52 | |
| 89173FAA8 | TPMT 2017-1 A1 2.75000 10/25/2056 | US | 242,954.4 | $249,004.32 | |
| 89177EAA7 | TPMT 2019-HY1 A1 1.14800 10/25/2048 | US | 228,550.12 | $229,438.38 | |
| 89417E109 | TRAVELLERS COS INC | US | TRV | 104.58 | $14,679.68 |
| 89613FAA6 | TAH 2017-SFR2 A 2.92800 01/17/2036 | US | 253,375.75 | $261,207.82 | |
| 89613GAA4 | TAH 2020-SFR1 A 1.49900 07/17/2038 | US | 422,401.52 | $426,901.96 | |
| 89832Q109 | TRUIST FINANCIAL CORP | US | TFC | 516.08 | $24,735.68 |
| 901109AF5 | TUTOR PERINI CORP 6.87500 05/01/2025 | US | 66,426.05 | $65,097.52 | |
| 902494103 | TYSON FOODS INC -CL A | US | TSN | 162.83 | $10,492.70 |
| 902653104 | UDR INC | US | UDR | 1,582.98 | $60,834.07 |
| 902973304 | U.S. BANCORP | US | USB | 549.8 | $25,615.33 |
| 904767704 | UNILEVER PLC - ADR | GB | UL | 35,085.22 | $2,117,743.59 |
| 907818108 | UNION PAC CORP | US | UNP | 206.77 | $43,054.14 |
| 909214BV9 | UNISYS CORP 6.87500 11/01/2027 | US | 25,548.48 | $27,911.71 | |
| 91086QBG2 | UNITED MEXICAN STATES 4.12500 01/21/2026 | MX | 68,129.28 | $78,263.51 | |
| 912810QK7 | US TREASURY N/BB 3.87500 08/15/2040 | US | 964,029.27 | $1,381,649.76 | |
| 912810RX8 | US TREASURY N/B 3.00000 05/15/2047 | US | 2,305,494.74 | $3,019,207.46 | |
| 9128282A7 | UNITED STATES TREAS NTS 1.50000 08/15/2026 | US | 5,651,323.55 | $5,984,001.08 | |
| 9128284P2 | US TREASURY N/B 2.62500 05/15/2021 | US | 1,252,556.76 | $1,264,005.91 | |
| 912828XB1 | UNITED STATES TREAS NTS 2.12500 05/15/2025 | US | 1,214,404.37 | $1,310,702.85 | |
| 912828ZJ2 | TSY INFL IX N/B 0.12500 04/15/2025 | US | 1,284,311.55 | $1,381,571.39 | |
| 918204108 | VF CORP | US | VFC | 184.63 | $15,769.28 |
| 91913Y100 | VALERO ENERGY | US | VLO | 195.87 | $11,080.46 |
| 92343VDU5 | VERIZON COMMUNICATIONS 5.25000 03/16/2037 | US | 504,156.65 | $683,228.06 | |
| 92532F100 | VERTEX PHARMACEUTICALS INC | US | VRTX | 3,454.15 | $816,354.84 |
| 92556V106 | VIATRIS INC | US | VTRS | 170.66 | $3,198.24 |
| 92826C839 | VISA INC - CLASS A SHARES | US | V | 8,768.24 | $1,917,876.69 |
| 92826CAK8 | VISA INC 2.70000 04/15/2040 | US | 524,595.43 | $572,664.90 | |
| 92837TAA0 | AUSTIN BIDCO INC 7.12500 12/15/2028 | US | 8,516.16 | $8,888.74 | |
| 928668BE1 | VOLKSWAGEN GROUP AMERICA 3.35000 05/13/2025 | US | 320,207.6 | $352,021.85 | |
| 929160109 | VULCAN MATERIALS CO | US | VMC | 4,271.71 | $633,536.67 |
| 93065PAA9 | WBHT 2019-WBM A FLT 1.20900 12/15/2033 | US | 386,633.65 | $376,026.78 | |
| 931142103 | WAL MART STORES | US | WMT | 522.55 | $75,325.81 |
| 94106L109 | WASTE MANAGEMENT INC | US | WM | 171.35 | $20,206.73 |
| 949746101 | WELLS FARGO COMPANY | US | WFC | 1,158.88 | $34,974.97 |
| 95040Q104 | WELLTOWER INC. | US | WELL | 560.02 | $36,188.66 |
| 962178AN9 | TRI POINTE GROUP / HOMES 5.87500 06/15/2024 | US | 39,174.33 | $42,758.79 | |
| 96949LAD7 | WILLIAMS PARTNERS LP 3.75000 06/15/2027 | US | 453,059.69 | $516,957.68 | |
| 97652TAA1 | WIN 2015-1 A1 3.50000 01/20/2045 | US | 81,657.81 | $83,794.55 | |
| 98311A105 | WYNDHAM HOTELS & RESORTS INC | US | WH | 577.4 | $34,320.40 |
| 98978V103 | ZOETIS INC | US | ZTS | 1,962.12 | $324,731.39 |
| B02J639 | ADMIRAL GROUP PLC | GB | ADM LN | 4,159.29 | $164,466.13 |
| B1KFX13 | GRUPO AEROPORTUARIO DEL CENT | MX | OMAB MM | 4,598.73 | $29,665.99 |
| B1Y47Y7 | GERRESHEIMER AG | DE | GXI GR | 493.94 | $53,265.47 |
| B1Y9TB3 | DANONE | FR | BN FP | 1,838.81 | $121,004.97 |
| B3QJ0H8 | TOURMALINE OIL CORP | CA | TOU CN | 10,456.14 | $140,959.52 |
| B3ZD2V9 | MEX BONOS DESARR FIX RT 6.50000 06/10/2021 | MX | 425,807.98 | $21,577.67 | |
| B4888C1 | CANADIAN GOVERNMENT FLT 2.75000 06/01/2022 | CA | 180,542.58 | $147,012.64 | |
| B4NDCC9 | MEX BONOS DESARR FIX RT 6.50000 06/09/2022 | MX | 1,056,003.8 | $54,633.39 | |
| B4YVF56 | BRENNTAG AG | DE | BNR GR | 1,025.35 | $79,732.45 |
| B63QM77 | NEXON CO LTD | JP | 3659 JP | 45,936.17 | $1,417,356.09 |
| B6TC406 | MEX BONOS DESARR FIX RT 7.75000 05/29/2031 | MX | 510,969.58 | $30,168.76 | |
| BBQ3850 | KEYWORDS STUDIOS PLC | IE | KWS LN | 1,081.55 | $42,234.59 |
| BD6K457 | COMPASS GROUP PLC | GB | CPG LN | 2,696.22 | $50,288.09 |
| BFZZM64 | S4 CAPITAL PLC | GB | SFOR LN | 11,040.35 | $75,488.39 |
| BGHQ198 | HIBERNIA REIT PLC | IE | HBRN ID | 18,011.68 | $25,392.58 |
| BH8295835 | SAUDI INTERNATIONAL BOND 2.90000 10/22/2025 | SA | 68,129.28 | $73,399.08 | |
| BHJYC05 | INTERCONTINENTAL HOTELS GROUP | GB | IHG LN | 408.78 | $26,494.82 |
| BJ2KSG2 | AKZO NOBEL | NL | AKZA NA | 364.83 | $39,159.12 |
| BK0939417 | AMERICAN TANKER INC 7.75000 07/02/2025 | US | 68,129.28 | $68,268.94 | |
| BMMV2K8 | TENCENT HOLDINGS LTD | CN | 700 HK | 19,016.24 | $1,368,290.97 |
| BMXKJ81 | FLAGSHIP COMMUNITIES REIT UT | US | MHC/U CN | 1,542.79 | $22,771.54 |
| BNGN9Z1 | FINECOBANK SPA | IT | FBK IM | 10,737.17 | $177,077.69 |
| BP9DL90 | INDUSTRIA DE DISENO TEXTIL | ES | ITX SM | 2,762.64 | $87,685.81 |
| BVYVFW2 | AUTO TRADER GROUP PLC | GB | AUTO LN | 7,013.91 | $57,091.38 |
| BW1YVH8 | WALMART DE MEXICO SAB DE CV | MX | WALMEX* MM | 17,032.32 | $47,845.76 |
| BYPC1T4 | ASSA ABLOY AB-B | SE | ASSAB SS | 2,156.29 | $53,286.31 |
| BYYHL23 | ANHEUSER-BUSCH INBEV SA/NV | BE | ABI BB | 5,176.12 | $361,121.19 |
| BZ0VW78 | BINGO INDUSTRIES LTD | AU | BIN AU | 27,011.56 | $50,595.31 |
| BZ1HM42 | ADYEN NV | NL | ADYEN NA | 18.74 | $43,532.84 |
| G0772R208 | BANK OF N.T. BUTTERFIELD&SON | BM | NTB | 1,790.1 | $55,779.42 |
| G1151C101 | ACCENTURE PLC - CL A | IE | ACN | 133.53 | $34,880.26 |
| G29183103 | EATON CORP PLC | US | ETN | 179.18 | $21,526.69 |
| G51502105 | JOHNSON CONTROLS INTERNATIONAL | US | JCI | 394.13 | $18,362.42 |
| G5494J103 | LINDE PLC | GB | LIN | 118.89 | $31,327.54 |
| G5960L103 | MEDTRONIC INC | IE | MDT | 7,197.18 | $843,077.30 |
| G85158106 | STONECO LTD-A | BR | STNE | 1,165.01 | $97,767.69 |
| G8994E103 | TRANE TECHNOLOGIES | IE | TT | 457.83 | $66,458.42 |
| G97822103 | PERRIGO CO PLC | IE | PRGO | 1,597.63 | $71,446.08 |
| H01301128 | ALCON INC | CH | ALC | 26,569.74 | $1,753,071.24 |
| H1467J104 | CHUBB LTD | CH | CB | 152.61 | $23,489.67 |
| H2906T109 | GARMIN LTD | CH | GRMN | 78.69 | $9,415.96 |
| N53745100 | LYONDELLBASELL INDU-CL A | US | LYB | 172.03 | $15,767.94 |
| ZO1818103 | NAVIGATOR HOLDINGS LTD 8.00000 09/10/2025 | MH | 51,096.96 | $52,629.87 | |
| ZO4110185 | BROOGE PETROLEUM AND GAS 8.50000 09/24/2025 | AE | 68,129.28 | $64,766.86 |
Based on the investments of the underlying fund(s): Manning & Napier Pro-Mix® Maximum Term CIT Fund and 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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