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 growth-oriented mix of investments that seeks to earn a good portion of the long-term growth of the stock market with less volatility. The portfolio is diversified primarily among various stock investments in both domestic and foreign markets. A substantial portion of the portfolio may be invested in long-term, fixed income securities. Stock exposure can range from 49% - 77%.

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 13% - 47%.

May be Appropriate for Investors

  • Who plan to stop contributions and start periodic withdrawals around the year 2035
  • Who have time to pursue growth and can accept potentially significant 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

$19.94

Daily $ Change

-$0.07

Daily % Change

-0.35%

as of 09/27/2022

CUSIP

302027610

Inception Date

08/03/2012

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 08/31/2022

YTD

-15.20%

1 Year

-14.25%

3 Year

6.46%

5 Year

6.81%

10 Year

7.81%

Inception
(01/01/2000)

6.88%

Performance through the inception date of the Retirement Target CIT Class I 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 I 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 0.71%
Net 0.69%*

*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 08/31/2022

TREASURY NOTES 10.74%
TREASURY BONDS 7.53%
GOVERNMENT AGENCY 4.31%
AMAZON.COM INC 2.69%
MICROSOFT CORP 2.20%
MASTERCARD INC-CLASS A 1.77%
JOHNSON & JOHNSON 1.73%
SBA COMMUNICATIONS CORP 1.43%
META PLATFORMS INC 1.41%
VISA INC - CLASS A SHARES 1.40%

This investment list is unaudited and excludes cash.

Asset Allocation

As of 08/31/2022

Stocks 59.50%
Bonds 36.46%
Cash 4.04%

Detailed Asset Class Allocation

As of 08/31/2022

International Equities 16.18%
Small Capitalization 1.29%
Mid Capitalization 4.61%
Large Capitalization 37.43%
Long Term Fixed Income 12.23%
Intermediate Term Fixed Income 20.77%
Short Term Fixed Income 3.45%
Cash 4.04%

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 08/31/2022

Security Description Country Ticker Shares/Par Market Value (USD)
ABBOTT LABORATORIES US ABT 142.58 $14,636.14
ACTIVISION INC US ATVI 3,726.4 $292,484.99
ADIDAS AG-SPONSORED ADR DE ADDYY 3,230.15 $239,612.39
ADMIRAL GROUP PLC GB AMIGY 10,147.93 $255,524.79
AERCAP IRELAND CAP/GLOBA 3.00000 10/29/2028 IE 92,283.86 $79,093.92
ADYEN NV UNSPON ADR NL ADYEY 21,109.21 $327,403.82
AGREE REALTY CORP US ADC 215.88 $16,259.75
AIR LIQUIDE-ADR FR AIQUY 14,589.24 $365,752.25
AIR LEASE CORP 3.62500 04/01/2027 US 97,474.66 $90,432.05
ALASKA AIR 2020-1 CL B 8.00000 08/15/2025 US 15,460.29 $15,565.52
ALIBABA GROUP HOLDING 4.00000 12/06/2037 KY 195,581.37 $164,479.14
ALIBAB GROUP HOLDINGS 2.12500 02/09/2031 KY 62,295.29 $51,912.54
ALIGN TECHNOLOGY INC US ALGN 406.63 $99,095.93
ALLSTATE CORPORATION US ALL 60.17 $7,250.84
ALPHABET INC-CL A US GOOGL 4,772.8 $516,512.83
AMAZON.COM INC US AMZN 10,680.39 $1,353,953.39
AMAZON.COM INC 3.30000 04/13/2027 US 194,241.57 $190,051.32
DIAGEO PLC GB DGE LN 1,212.44 $52,675.98
BAE SYSTEMS PLC GB BA/ LN 4,744.96 $42,733.60
AMERICAN HOMES 4 RENT- A US AMH 1,077.93 $38,331.33
AMERICAN TOWER REIT INC US AMT 120.35 $30,575.48
ANALOG DEVICES INC US ADI 81.96 $12,419.91
APPLE HOSPITALITY REIT INC US APLE 2,394.99 $38,104.26
ARBOR REALTY TRUST INC 8.00000 04/30/2023 US 15,950.88 $16,109.12
ARCHER-DANIELS-MIDLAND CO US ADM 93.97 $8,259.32
ARGO BLOCKCHAIN PLC GB 160.78 $2,866.65
ASHTEAD CAPITAL INC 4.00000 05/01/2028 US 83,756.79 $76,752.34
AUTOMATIC DATA PROCESSING US ADP 58.68 $14,342.97
AVALONBAY COMMUNITIES INC US AVB 182.81 $36,728.56
BAE SYSTEMS PLC -SPON ADR GB BAESY 7,686.72 $277,490.58
BNSF FUNDING TRUST I 6.61300 12/15/2055 US 88,298.5 $86,923.58
BANK OF AMERICA CORP 2.68700 04/22/2032 US 161,985.93 $135,195.63
BARRICK GOLD CORP CA GOLD 8,739.92 $129,787.88
BAXTER INTERNATIONAL INC US BAX 72.48 $4,164.53
BEST BUY INC US BBY 58.3 $4,121.27
BIOMARIN PHARMACEUTICAL INC US BMRN 3,995.55 $356,403.38
BLACKROCK INC US BLK 501.26 $334,036.18
BLACKSTONE SECURED LEND 2.75000 09/16/2026 US 83,887.36 $74,223.56
DECHRA PHARMACEUTICALS PLC GB DPH LN 939.33 $37,989.37
BOSTON SCIENTIFIC CORP US BSX 1,925.3 $77,608.83
BRANDYWINE REALTY TRUST US BDN 1,353.83 $10,871.25
BABS 2021-RM2 A 1.75000 10/25/2061 US 79,228.66 $70,367.49
BRENNTAG AG-UNSP ADR DE BNTGY 5,052.27 $66,134.22
BRISTOL MYERS SQUIBB CO US BMY 271.67 $18,313.58
BROADRIDGE FINANCIAL SOLUTIONS US BR 27.96 $4,785.93
JONAH ENERGY PARENT LLC US 668.19 $38,026.50
CBOE GLOBAL MARKETS INC US CBOE 630.15 $74,339.38
CDW CORP/DE US CDW 406.81 $69,442.37
SORT 2020-1 A1 MTGE 1.69000 07/15/2060 US 86,095.56 $78,238.50
SORT 2020-1 A2 1.99000 07/15/2060 US 70,290.85 $60,259.63
C.H. ROBINSON WORLDWIDE INC US CHRW 38.09 $4,347.80
CIM 2019-INV1 A1 4.00000 02/25/2049 US 4,538.36 $4,503.75
CSMC 2013-IVR3 A1 2.50000 05/25/2043 US 25,111.35 $23,325.95
CVS HEALTH CORP US CVS 1,100.25 $107,989.32
COTERRA ENERGY INC US CTRA 138.67 $4,286.33
CAMDEN PROPERTY TRUST US CPT 205.97 $26,469.71
CAMECO CORP CA CCJ 660.76 $19,261.24
CAMPBELL SOUP CO US CPB 83.62 $4,212.86
CANADIAN NATIONAL RAILWAY CO CA CNI 4,405.53 $523,861.82
CARETRUST REIT INC US CTRE 1,455.52 $31,351.94
CATERPILLAR INC US CAT 74.1 $13,686.69
CELLNEX TELECOM SAU-UNSP ADR ES CLLNY 7,796.31 $151,482.32
CENOVUS ENERGY INC 6.75000 11/15/2039 CA 202,157.97 $220,798.52
CHARTER COMMUNICATIONS INC-A US CHTR 1,026.38 $423,514.16
CHEVRON CORP US CVX 135.59 $21,431.21
CINCINNATI FINANCIAL CORP US CINF 38.3 $3,713.81
CISCO SYSTEMS INC US CSCO 465.2 $20,803.64
CITIGROUP INC US C 287.03 $14,009.97
CITIGROUP INC 1.46200 06/09/2027 US 154,857.33 $136,687.03
CLARK CNTY NV 1.51000 11/01/2028 US 15,631.06 $13,382.98
COCA COLA CO/THE US KO 10,054.23 $620,446.32
COGNEX CORP US CGNX 1,104.22 $46,498.81
COLGATE-PALMOLIVE CO US CL 139.24 $10,889.85
COMCAST CORP-CL A US CMCSA 497.03 $17,987.65
COMMUNITY HEALTHCARE TRUST I US CHCT 451.61 $16,659.99
CONAGRA BRAND INC. US CAG 127.07 $4,368.61
CONOCOPHILLIPS US COP 124.42 $13,617.22
CONSTELLATION BRANDS INC-A US STZ 968.63 $238,332.48
CONTROLADORA VUELA CIA DE AV MX VLRS 1,692.94 $15,033.27
COPART INC US CPRT 2,217.83 $265,363.53
COUSINS PROPERTIES INC US CUZ 999.61 $26,839.40
CAALT 2020-1A 2.01000 02/15/2029 US 30,699.31 $30,650.52
CROWN CASTLE INTL CORP 3.10000 11/15/2029 US 118,413.86 $104,830.19
CSMC 2013-TH1 A1 2.13000 02/25/2043 US 14,072.17 $12,534.93
CUMMINS INC US CMI 30.51 $6,570.92
KIMBERLY CLARK DE MEXICO S.A.B. MX 33,166.93 $45,025.96
DEUTSCHE BOERSE AG ADR DE DBOEY 6,283.95 $105,903.46
DEVON ENERGY CORPORATION US DVN 93.12 $6,575.94
DIAMONDBACK ENERGY INC US FANG 29.46 $3,925.98
DIGITAL REALTY TRUST INC US DLR 374.79 $46,335.36
DOLLAR GENERAL CORP US DG 548.16 $130,143.88
DOLLAR TREE STORES INC US DLTR 2,487.35 $337,483.78
DOMINO'S PIZZA US DPZ 261.22 $97,136.27
DOUBLEVERIFY HOLDINGS INC US DV 4,939.28 $127,680.40
DOW INC US DOW 98.44 $5,020.36
DREYFUS GVT CSH MANAGEMENT US 2,117,080.36 $2,117,080.36
DUKE RLTY INVTS INC US DRE 433.42 $25,506.60
EOG RESOURCES INC US EOG 68.77 $8,341.33
EAST WEST BANCORP INC US EWBC 1,506.25 $108,706.31
EASTMAN CHEM CO US EMN 35.79 $3,256.72
EBAY INC US EBAY 89.61 $3,954.61
ELECTRONIC ARTS US EA 2,768.3 $351,214.13
EMERSON ELEC CO US EMR 101.89 $8,328.55
ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 US 221,323.43 $223,714.48
EQUINIX INC US EQIX 725.21 $476,728.10
EQUITY LIFESTYLE PROPERTIES US ELS 766.39 $53,723.93
ESSEX PROPERTY TRUST INC US ESS 113.58 $30,105.30
EVERGY INC US EVRG 1,602.81 $109,840.48
EXPEDIA GROUP INC 3.25000 02/15/2030 US 96,227.58 $83,269.62
EXTRA SPACE STORAGE INC US EXR 92.01 $18,285.42
FMC CORP US FMC 5,240.7 $566,414.86
FS ENERGY & POWER FUND 7.50000 08/15/2023 US 46,474.99 $46,645.33
FREMF 2015-K43 B FLT 3.85980 02/25/2048 US 261,886.64 $253,251.82
FREMF 2013-K28 X2A 0.10000 06/25/2046 US 15,331,778.07 $3,593.92
META PLATFORMS INC US META 4,359.36 $710,271.33
FHLM POOL G05906 6.00000 04/01/2040 US 5,439.2 $5,842.54
FHLM POOL G13331 5.50000 10/01/2023 US 34.82 $35.02
FHLM POOL G12988 6.00000 01/01/2023 US 6.77 $6.77
FHLM POOL G13078 6.00000 03/01/2023 US 13.81 $13.81
FHLM GOLD POOL FG G08786 4.50000 10/01/2047 US 39,146.09 $39,551.16
FHLM POOL C91780 4.50000 07/01/2034 US 48,848.07 $50,119.06
FR SD1129 4.00000 08/01/2051 US 196,034.81 $193,586.56
FEDERAL NATL MTG ASSN SD8044 3.00000 02/01/2050 US 167,481.42 $156,565.75
FHLM POOL SD8230 4.50000 06/01/2052 US 112,685.45 $112,299.31
FHLM POOL K91364 4.50000 11/01/2033 US 6,153.31 $6,266.71
FHLM POOL K92059 4.50000 09/01/2034 US 39,620.29 $40,639.20
FNR 2018-31 KP 3.50000 07/25/2047 US 3,584.68 $3,543.94
FHMS K030 X1 FLT 0.25907 04/25/2023 US 5,016,193.23 $3,181.32
FHMS K032 X1 FLT 0.17942 05/25/2023 US 3,328,246.13 $1,699.77
FEDERAL NATL MTG ASSN AH9054 4.50000 04/01/2041 US 9,629.45 $9,849.49
FEDERAL NATL MTG ASSN AL8674 FLT 5.65900 01/01/2049 US 178,565.79 $190,257.33
FEDERAL NATL MTG ASSN BK0433 3.50000 12/01/2049 US 114,654.95 $110,429.79
FEDERAL NATL MTG ASSN FN FS1179 3.50000 12/01/2049 US 159,923.71 $154,629.63
FN DS2696 3.00000 12/01/2051 US 206,391.62 $192,791.33
FEDERAL NATL MTG ASSN 888810 5.50000 11/01/2022 US 1.66 $1.65
FEDERAL NATL MTG ASSN MA1903 4.50000 05/01/2034 US 36,550.94 $37,389.10
FEDERAL NATL MTG ASSN FN MA3412 3.50000 07/01/2038 US 15,072.87 $14,666.92
FEDERAL NATL MTG FN MA4203 2.50000 12/01/2040 US 176,573.84 $160,962.21
FEDERAL NATL MTG ASSN MA4600 3.50000 05/01/2052 US 171,847.75 $164,227.97
FEDERAL NATL MTG ASSN MA4644 4.00000 05/01/2052 US 170,609.71 $166,904.05
FEDERAL NATL MTG ASSN FN MA4687 4.00000 06/01/2042 US 170,126.05 $168,043.28
FN MA4733 4.50000 09/01/2052 US 193,920.82 $193,106.78
FEDERAL NATL MTG ASSN AD0220 6.00000 10/01/2038 US 2,553.62 $2,744.10
FEDERAL NATL MTG ASSN AD0462 5.50000 10/01/2024 US 236.89 $240.60
FEDEX CORPORATION US FDX 1,141.98 $240,741.39
FIFTH THIRD BANCORP US FITB 161.97 $5,531.11
FLX 2021-1A A2 3.25000 11/27/2051 US 143,414.11 $131,038.04
FONTAINEBLEAU MIAMI BEACH TRUST 3.14400 12/10/2036 US 120,966.69 $115,199.82
FORD MOTOR CREDIT 3.08700 01/09/2023 US 24,941.58 $24,746.21
GSMBS 2021-PJ9 A8 2.50000 02/26/2052 US 65,344.79 $59,086.37
GSMBS 2021-INV1 A6 2.50000 12/25/2051 US 81,401.8 $73,746.71
GENERAL DYNAMICS CORP US GD 46.26 $10,589.22
GENERAL MLS INC US GIS 116.77 $8,967.99
GENUINE PARTS CO US GPC 36.22 $5,650.09
GETTY REALTY CORP US GTY 584.46 $17,580.54
GILEAD SCIENCES INC US GILD 209.25 $13,280.83
GNR 2017-54 AH MTGE 2.60000 12/16/2056 US 38,548.22 $36,582.33
GRAPHIC PACKAGING HOLDING CO US GPK 11,606.2 $258,470.16
GREENIDGE GEN HLD INC US 1,099.62 $15,405.74
GRUPO AEROPORTUARIO CEN-ADR MX OMAB 746.76 $39,033.28
GRUPO AEROPORTUARIO PAC-ADR MX PAC 337.5 $48,116.77
GRUPO AEROPORTUARIO DEL SURESTE MX ASR 231.69 $48,996.08
AIRBUS SE FR AIR FP 246.96 $24,200.71
ADIDAS AG DE ADS GR 321.5 $47,672.72
HCA INC 4.12500 06/15/2029 US 139,706.93 $129,792.09
HDFC BANK LTD-ADR IN HDB 2,780.05 $169,722.11
L'OREAL FR OR FP 32.2 $11,058.96
HAWAII ST 2.68200 10/01/2038 US 12,470.79 $9,802.70
HEALTHCARE REALTY TRUST INC US HR 1,459.67 $35,499.10
HEINEKEN NV-SPN ADR NL HEINY 6,000.28 $269,532.53
HESKA CORP US HSKA 691.16 $62,944.01
HOME DEPOT INC US HD 102.13 $29,456.58
HONEYWELL INTERNATIONAL INC US HON 88.8 $16,813.41
HWIRE 2021-1 A2 2.31100 11/20/2051 US 134,684.56 $119,179.66
HUMANA INC US HUM 171.41 $82,579.84
IIP OPERATING PARTNER 5.50000 05/25/2026 US 47,945.37 $42,706.69
IDEXX LABORATORIES INC US IDXX 876.79 $304,788.14
KERRY GROUP PLC-A IE KYGA ID 199.24 $20,545.82
ILLINOIS TOOL WKS INC US ITW 51.55 $10,043.89
IMPRL 2021-NQM3 1.59500 11/25/2056 US 78,117.44 $66,671.37
INDEPENDENCE REALTY TRUST IN US IRT 645.64 $12,557.68
INSPERITY INC US NSP 1,093.73 $119,238.17
INTEL CORP US INTC 497.95 $15,894.56
INTERCONTINENTALEXCHANGE INC US ICE 4,766 $480,650.90
INTERNATIONAL FLVRS & FRAGRANCES US IFF 52.34 $5,782.05
INTUITIVE SURGICAL INC US ISRG 1,373.3 $282,543.36
INVITATION HOMES INC US INVH 1,364.97 $49,520.96
ITALY GOV'T INT BOND 2.37500 10/17/2024 IT 29,929.9 $28,472.32
JP MORGAN CHASE & CO US JPM 1,096.35 $124,687.74
JPMMT 2014-2 1A1 3.00000 06/25/2029 US 31,737.19 $30,292.86
JPMORGAN CHASE & CO 4.49300 03/24/2031 US 231,038.92 $224,733.48
JOHNSON & JOHNSON US JNJ 5,384.03 $868,658.81
KREF 2021-FL2 A 3.44971 02/15/2039 US 129,696.24 $125,865.13
KEYCORP US KEY 173.41 $3,067.65
KROGER CO US KR 144.3 $6,917.87
L3HARRIS TECHNOLOGIES INC US LHX 1,282.99 $292,764.51
BEIERSDORF AG DE BEI GR 501.69 $50,640.39
LENNAR CORP US LEN 50.6 $3,918.76
LIFE STORAGE INC US LSI 262.3 $33,377.69
LOCKHEED MARTIN CORP US LMT 36.72 $15,428.25
LULULEMON - ADR CA LULU 1,502.29 $450,625.99
MAGALLANES INC 4.05400 03/15/2029 US 235,934.51 $214,742.32
MARATHON PETROLEUM CORP US MPC 73.28 $7,382.88
MARRIOTT VACATIONS WORLD US VAC 122.23 $17,408.30
MASTERCARD INC-CLASS A US MA 2,753.27 $893,077.76
MCDONALDS CORP US MCD 63.36 $15,985.69
MERCADOLIBRE INC BR MELI 142.62 $121,989.17
MERCK & CO INC US MRK 296.18 $25,282.27
MICROSOFT CORP US MSFT 4,234.75 $1,107,259.33
MICROCHIP TECHNOLOGY INC US MCHP 84.02 $5,482.43
MID-AMERICA APARTMENT COMM US MAA 217.68 $36,063.83
MONDELEZ INTERNATIONAL INC US MDLZ 10,484.21 $648,553.17
MOODY'S CORPORATION US MCO 1,789.43 $509,128.98
MOTOROLA SOLUTIONS INC US MSI 32.1 $7,812.83
NAVIENT CORP 6.75000 06/25/2025 US 52,533.44 $50,716.59
NESTLE S.A. - ADR CH NSRGY 4,028.76 $471,606.94
NETAPP INC US NTAP 57.6 $4,154.48
USRE 2021-1 A1 1.91000 10/20/2061 US 152,767.21 $132,704.92
NRZT 2014-3A AFX3 3.75000 11/25/2054 US 29,225.84 $27,954.17
NRZT 2015-2A A1 3.75000 08/25/2055 US 48,425.89 $46,156.34
NRZT 2016-4A A1 3.75000 11/25/2056 US 92,374.77 $88,186.19
KEYENCE CORP JP 6861 JP 101.62 $38,156.00
NEW YORK CITY NY TRANSITIONALFIN 1.58000 05/01/2024 US 52,255.27 $50,523.12
NEWCASTLE COAL INFRASTRU 4.40000 09/29/2027 AU 102,909.58 $89,300.70
NEWMONT GOLDCORP CORP US NEM 2,623.58 $108,511.21
NIKE INC CLASS B US NKE 2,519.76 $268,228.96
NORFOLK SOUTHN CORP US NSC 1,198.69 $291,437.91
NIKON CORP JP 7731 JP 1,848.89 $21,105.54
NORTHROP GRUMMAN CORP US NOC 683.12 $326,525.86
NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 CA 52,617.66 $5.26
NOVARTIS AG- REG CH NVS 6,689.62 $538,648.26
NUCOR CORP US NUE 50.21 $6,675.22
NVIDIA CORP US NVDA 268.18 $40,479.74
OKTA INC US OKTA 739.39 $67,580.58
OMNICOM GROUP US OMC 56.05 $3,749.91
SONY CORP FIRST SECTION JP 6758 JP 435.89 $34,654.78
OWL ROCK TECHNOLOGY 3.75000 06/17/2026 US 98,721.74 $88,330.74
OXFIN 2020-1A A2 3.10100 02/15/2028 US 92,530.81 $91,621.22
OXFIN 2022-1A 3.60200 02/15/2030 US 121,590.23 $114,123.04
PMTLT 2013-J1 a9 3.50000 09/25/2043 US 21,388.69 $20,535.85
PPG INDUSTRIES INC US PPG 34.38 $4,365.48
PACKAGING CORP OF AMERICA US PKG 26.43 $3,618.32
PARKER HANNIFIN CORP US PH 19.11 $5,063.25
DEUTSCHE BOERSE AG DE DB1 GR 255.93 $43,271.32
PAYPAL HOLDINGS INC US PYPL 6,048.92 $565,210.69
PEAR 2021-1 A MTGE 2.60000 01/15/2034 US 150,938.97 $143,326.80
PELORUS FUND REIT 7.00000 09/30/2026 US 50,262.59 $46,796.88
NESTLE SA-REGISTERED CH NESN SW 660.8 $77,328.55
PEPSICO INC 3.90000 07/18/2032 US 176,150.4 $173,041.41
PFIZER INC US PFE 419.97 $18,995.30
PIONEER NATURAL RESOURCES CO US PXD 29.99 $7,594.71
POPULAR INC 6.12500 09/14/2023 PR 45,805.08 $46,391.67
PROCTER & GAMBLE CO US PG 226.65 $31,264.03
PROLOGIS US PLD 1,148.17 $142,959.19
PFMT 2021 -INV1 A1 2.50000 08/25/2051 US 124,044.38 $106,044.36
PFMT 2021-2 A2A 2.00000 04/25/2051 US 74,410.81 $65,022.07
PUBLIC STORAGE INC US PSA 202.01 $66,830.21
QUALCOMM INC US QCOM 142.65 $18,868.58
QUALCOMM INC 4.25000 05/20/2032 US 17,864.07 $18,076.30
QUEST DIAGNOSTICS INC US DGX 33.75 $4,228.77
RCKT 2021-6 A1 2.50000 12/25/2051 US 133,972.28 $114,262.85
RADIUS GLOBAL INFRASTRUCTURE US RADI 4,174 $57,476.05
REGIONS FINANCIAL CORP. US RF 229.03 $4,963.15
REPUBLIC SERVICES INC US RSG 60.9 $8,690.95
RESTAURANT BRANDS INTERN CA QSR 412.69 $24,348.75
REXFORD INDUSTRIAL REALITY IN US REXR 705.64 $43,897.86
GETINGE AB-B SHS SE GETIB SS 1,918.55 $35,534.49
ROSS STORES INC US ROST 53.79 $4,640.40
HEINEKEN NV NL HEIA NA 471.19 $42,350.34
RYANAIR HOLDINGS - ADR IE RYAAY 3,709.27 $269,701.24
S&P GLOBAL INC US SPGI 708.17 $249,404.20
SBA COMMUNICATIONS CORP US SBAC 2,208.12 $718,192.08
NAVIENT CORP 5.50000 01/25/2023 US 24,596.22 $24,481.18
SLAM 2021-1A A MTGE 2.43400 06/15/2046 US 104,055.05 $88,981.16
SMB 2020-A A2A MTGE 2.23000 09/15/2037 US 98,494.23 $91,310.40
SMB 2020-BA A1A 1.29000 07/15/2053 US 95,895.01 $86,925.34
SALESFORCE INC US CRM 3,949.43 $616,585.58
SEA LTD - ADR SG SE 2,456.35 $152,293.90
SEAGEN INC US SGEN 1,501.91 $231,730.11
SEMT 2013-6 A2 3.00000 05/25/2043 US 37,361.23 $34,926.80
SEMT 2013-7 A2 3.00000 06/25/2043 US 16,021.51 $14,366.00
SEMT 2013-8 A1 3.00000 06/25/2043 US 18,889.86 $17,702.07
SEMT 2013-2 1.87400 02/25/2043 US 15,538.97 $13,752.61
SERVICENOW INC US NOW 1,465.14 $636,778.90
SHOPIFY INC CA SHOP 483.72 $15,309.82
SIMON PROPERTY GROUP LP 2.65000 02/01/2032 US 307,481.65 $257,448.13
SKYWORKS SOLUTIONS INC US SWKS 29.9 $2,946.96
JM SMUCKER CO/THE-NEW COM WI US SJM 29.96 $4,193.70
SNOWFLAKE INC-CLASS A US SNOW 2,058.28 $372,445.33
SOFI 2017-F A2FX 2.84000 01/25/2041 US 6,849.48 $6,713.87
SOFI 2018-B A2FX MTGE 3.34000 08/25/2047 US 31,419.9 $30,795.34
SOFI 2020-A A2FX MTGE 2.54000 05/15/2046 US 62,040.23 $59,046.43
SONY CORP SPONSORED ADR JP SONY 4,201.62 $333,398.78
SOUTH CAROLINA ST PUBLIC SVC 2.32900 12/01/2028 US 241,309.83 $216,708.43
SOUTHWEST AIRLINES CO 5.12500 06/15/2027 US 172,409.17 $175,601.73
ONEMAIN FINANCE CORP 5.62500 03/15/2023 US 23,749.38 $23,630.80
STANLEY BLACK & DECKER INC US SWK 27.94 $2,461.65
SRPT 2014-STAR A FLTG RATE 3.86200 11/15/2027 US 165,800.73 $116,174.94
STEEL DYNAMICS INC US STLD 51.37 $4,146.72
SUN COMMUNITIES US SUI 361.52 $55,569.25
SYNCHRONOSS TECH US 2,183.94 $47,435.16
SYNERGY ONE LENDING 5.50000 10/14/2026 US 57,698.7 $49,821.16
TJX COMPANIES INC US TJX 138.35 $8,625.94
TAIWAN SEMICONDUCTOR - SP ADR TW TSM 1,852.48 $154,404.44
TARGET CORP US TGT 49.2 $7,888.37
TENCENT HOLDINGS 3.97500 04/11/2029 KY 392,839.4 $370,248.08
TERRENO REALTY CORP US TRNO 455.97 $27,809.71
TEXAS INSTRUMENTS INC US TXN 86.22 $14,243.76
THERMO FISHER SCIENTIFIC INC US TMO 627.22 $342,032.88
3M CO US MMM 87.12 $10,832.98
TPMT 2016-5 A1 2.50000 10/25/2056 US 40,552.46 $40,146.40
TPMT 2017-1 A1 2.75000 10/25/2056 US 20,764.94 $20,586.72
TPMT 2019-HY1 A1 3.44371 10/25/2048 US 40,636.99 $40,180.53
TRACTOR SUPPLY COMPANY US TSCO 21.19 $3,923.88
TRAVELLERS COS INC US TRV 45.31 $7,323.88
TAH 2017-SFR2 A 2.92800 01/17/2036 US 87,664.06 $86,230.26
TCF 2021-1A 1.86000 03/20/2046 US 106,948.74 $92,472.21
TYSON FOODS INC -CL A US TSN 74.22 $5,594.36
UDR INC US UDR 1,111.58 $49,876.40
U.S. BANCORP US USB 236.73 $10,797.40
UBISOFT ENTERTAIN-UNSPON ADR FR UBSFY 8,801.22 $80,900.85
UNILEVER PLC - ADR GB UL 12,969.13 $588,668.85
UNION PAC CORP US UNP 81.37 $18,267.47
UNITED AIR 2019-2 B PTT 3.50000 05/01/2028 US 47,960.59 $40,403.20
UNITED AIR 2018-1 B PTT 4.60000 03/01/2026 US 8,276.41 $7,715.46
UNITED MEXICAN STATES 4.12500 01/21/2026 MX 24,941.58 $24,963.61
UNITED PARCEL SERVICE US UPS 1,461.36 $284,249.77
US TREASURY N/B 3.00000 05/15/2047 US 1,616,901.77 $1,475,928.14
TREASURY BOND 2.37500 02/15/2042 US 1,837,571.27 $1,529,778.08
TREASURY BOND 2.25000 11/15/2027 US 828,060.62 $785,881.28
US TREASURY N/B 3.12500 11/15/2028 US 2,776,082.19 $2,747,236.97
US TREASURY N/B 2.00000 11/15/2026 US 830,554.78 $785,263.59
UNITED STATES TREAS NTS 1.75000 05/15/2023 US 1,116,234.08 $1,103,763.65
US TREASURY N/B 1.37500 11/15/2031 US 896,649.98 $770,418.47
UNITEDHEALTH GROUP INC US UNH 170.38 $88,482.68
UNIVERSAL DISPLAY CORP US OLED 1,011.11 $112,970.89
VF CORP US VFC 71.07 $2,945.78
VENTAS INC US VTR 415.62 $19,891.58
VERTEX PHARMACEUTICALS INC US VRTX 1,186.15 $334,211.01
PARAMOUNT GLOBAL CLASS B US PARA 117.32 $2,744.20
VISA INC - CLASS A SHARES US V 3,545.91 $704,607.13
VISTRA OPERATIONS CO LLC 3.55000 07/15/2024 US 43,302.41 $41,758.32
VISTRA OPERATIONS 4.87500 05/13/2024 US 152,986.71 $151,238.20
WAL MART STORES US WMT 262.56 $34,802.64
WALGREENS BOOTS ALLIANCE INC US WBA 130.64 $4,580.37
WASTE MANAGEMENT INC US WM 68.05 $11,501.76
WELLTOWER INC. US WELL 480.66 $36,842.90
WIN 2015-1 A1 3.50000 01/20/2045 US 9,363.21 $9,017.60
ZOETIS INC US ZTS 797.04 $124,760.16
ADMIRAL GROUP PLC GB ADM LN 2,407.38 $59,218.71
GRUPO AEROPORTUARIO DEL CENT MX OMAB MM 1,170.49 $7,660.37
UBISOFT ENTERTAINMENT FR UBI FP 769.23 $35,472.94
DANONE FR BN FP 377.56 $19,867.31
AIR LIQUIDE FR AI FP 563.48 $70,610.90
BRENNTAG AG DE BNR GR 475.81 $31,197.67
MEX BONOS DESARR FIX RT 7.75000 05/29/2031 MX 187,061.89 $8,573.92
KEYWORDS STUDIOS PLC IE KWS LN 379.25 $10,930.26
S4 CAPITAL PLC GB SFOR LN 18,730.2 $28,787.73
HELIOS TOWERS PLC GB HTWS LN 10,286.72 $14,741.58
AVANZA BANK HOLDING AB SE AZA SS 1,805.87 $28,946.30
AMERICAN TANKER INC 7.75000 07/02/2025 US 54,981.24 $53,154.63
SOFTWAREONE HOLDING AG CH SWON SW 2,470.38 $32,478.39
FLAGSHIP COMMUNITIES REIT UT US MHC/U CN 1,220.4 $19,343.41
SEASPAN CORP 6.50000 02/05/2024 MH 33,873.62 $33,618.46
PETROTAL CORP 12.00000 02/16/2024 CA 42,987.33 $43,847.07
FINECOBANK SPA IT FBK IM 5,538.25 $59,881.22
ALLFUNDS GROUP PLC GB ALLFG NA 3,064.12 $24,057.89
AIRSWIFT GLOBAL AS FLT 11.42271 05/12/2025 NO 49,883.17 $50,021.46
ROTORK PLC GB ROR LN 10,559.88 $30,294.27
AUTO TRADER GROUP PLC GB AUTO LN 7,668.95 $57,905.79
CELLNEX TELECOM SA ES CLNX SM 771.62 $30,049.13
ASSA ABLOY AB-B SE ASSAB SS 1,709.94 $34,633.00
CLEANAWAY WASTE MANAGEMENT AU CWY AU 22,613.45 $42,949.85
INTERMEDIATE CAPITAL GROUP GB ICP LN 2,154.47 $34,057.27
ADYEN NV NL ADYEN NA 34.04 $52,521.59
BANK OF N.T. BUTTERFIELD&SON BM NTB 653.33 $21,311.54
BUNGE LIMITED US BG 36.4 $3,610.03
EATON CORP PLC US ETN 69.94 $9,557.16
JOHNSON CONTROLS INTERNATIONAL US JCI 128 $6,929.76
MEDTRONIC INC IE MDT 6,008.94 $528,305.66
ROYALTY PHARMA PLC- CL A US RPRX 104.43 $4,366.27
STONECO LTD-A BR STNE 2,389.69 $22,654.29
TRANE TECHNOLOGIES IE TT 33.57 $5,171.79
ALCON INC CH ALC 4,531.16 $297,606.77
CHUBB LTD CH CB 62.88 $11,886.58
GARMIN LTD CH GRMN 45.91 $4,062.33
TE CONNECTIVITY LIMITED CH TEL 45.85 $5,787.15
LYONDELLBASELL INDU-CL A US LYB 48.57 $4,031.66
PLAYA HOTELS AND RESORTS US PLYA 1,280.2 $8,398.08
BROOGE PETROLEUM AND GAS 8.50000 09/24/2025 AE 27,897.03 $26,827.14

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 50 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

$19.94

Daily $ Change

-$0.07

Daily % Change

-0.35%

as of 09/27/2022

CUSIP

302027610

Inception Date

08/03/2012

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 growth-oriented mix of investments that seeks to earn a good portion of the long-term growth of the stock market with less volatility. The portfolio is diversified primarily among various stock investments in both domestic and foreign markets. A substantial portion of the portfolio may be invested in long-term, fixed income securities. Stock exposure can range from 49% - 77%.

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 13% - 47%.

May be Appropriate for Investors

  • Who plan to stop contributions and start periodic withdrawals around the year 2035
  • Who have time to pursue growth and can accept potentially significant 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 08/31/2022

YTD

-15.20%

1 Year

-14.25%

3 Year

6.46%

5 Year

6.81%

10 Year

7.81%

Inception
(01/01/2000)

6.88%

Performance through the inception date of the Retirement Target CIT Class I 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 I 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 0.71%
Net 0.69%*

*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 08/31/2022

TREASURY NOTES 10.74%
TREASURY BONDS 7.53%
GOVERNMENT AGENCY 4.31%
AMAZON.COM INC 2.69%
MICROSOFT CORP 2.20%
MASTERCARD INC-CLASS A 1.77%
JOHNSON & JOHNSON 1.73%
SBA COMMUNICATIONS CORP 1.43%
META PLATFORMS INC 1.41%
VISA INC - CLASS A SHARES 1.40%

This investment list is unaudited and excludes cash.

Asset Allocation

As of 08/31/2022

Stocks
59.50%
Bonds
36.46%
Cash
4.04%

Detailed Asset Class Allocation

As of 08/31/2022

International Equities
16.18%
Small Capitalization
1.29%
Mid Capitalization
4.61%
Large Capitalization
37.43%
Long Term Fixed Income
12.23%
Intermediate Term Fixed Income
20.77%
Short Term Fixed Income
3.45%
Cash
4.04%

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 08/31/2022

Security Description Country Ticker Shares/Par Market Value (USD)
ABBOTT LABORATORIES US ABT 142.58 $14,636.14
ACTIVISION INC US ATVI 3,726.4 $292,484.99
ADIDAS AG-SPONSORED ADR DE ADDYY 3,230.15 $239,612.39
ADMIRAL GROUP PLC GB AMIGY 10,147.93 $255,524.79
AERCAP IRELAND CAP/GLOBA 3.00000 10/29/2028 IE 92,283.86 $79,093.92
ADYEN NV UNSPON ADR NL ADYEY 21,109.21 $327,403.82
AGREE REALTY CORP US ADC 215.88 $16,259.75
AIR LIQUIDE-ADR FR AIQUY 14,589.24 $365,752.25
AIR LEASE CORP 3.62500 04/01/2027 US 97,474.66 $90,432.05
ALASKA AIR 2020-1 CL B 8.00000 08/15/2025 US 15,460.29 $15,565.52
ALIBABA GROUP HOLDING 4.00000 12/06/2037 KY 195,581.37 $164,479.14
ALIBAB GROUP HOLDINGS 2.12500 02/09/2031 KY 62,295.29 $51,912.54
ALIGN TECHNOLOGY INC US ALGN 406.63 $99,095.93
ALLSTATE CORPORATION US ALL 60.17 $7,250.84
ALPHABET INC-CL A US GOOGL 4,772.8 $516,512.83
AMAZON.COM INC US AMZN 10,680.39 $1,353,953.39
AMAZON.COM INC 3.30000 04/13/2027 US 194,241.57 $190,051.32
DIAGEO PLC GB DGE LN 1,212.44 $52,675.98
BAE SYSTEMS PLC GB BA/ LN 4,744.96 $42,733.60
AMERICAN HOMES 4 RENT- A US AMH 1,077.93 $38,331.33
AMERICAN TOWER REIT INC US AMT 120.35 $30,575.48
ANALOG DEVICES INC US ADI 81.96 $12,419.91
APPLE HOSPITALITY REIT INC US APLE 2,394.99 $38,104.26
ARBOR REALTY TRUST INC 8.00000 04/30/2023 US 15,950.88 $16,109.12
ARCHER-DANIELS-MIDLAND CO US ADM 93.97 $8,259.32
ARGO BLOCKCHAIN PLC GB 160.78 $2,866.65
ASHTEAD CAPITAL INC 4.00000 05/01/2028 US 83,756.79 $76,752.34
AUTOMATIC DATA PROCESSING US ADP 58.68 $14,342.97
AVALONBAY COMMUNITIES INC US AVB 182.81 $36,728.56
BAE SYSTEMS PLC -SPON ADR GB BAESY 7,686.72 $277,490.58
BNSF FUNDING TRUST I 6.61300 12/15/2055 US 88,298.5 $86,923.58
BANK OF AMERICA CORP 2.68700 04/22/2032 US 161,985.93 $135,195.63
BARRICK GOLD CORP CA GOLD 8,739.92 $129,787.88
BAXTER INTERNATIONAL INC US BAX 72.48 $4,164.53
BEST BUY INC US BBY 58.3 $4,121.27
BIOMARIN PHARMACEUTICAL INC US BMRN 3,995.55 $356,403.38
BLACKROCK INC US BLK 501.26 $334,036.18
BLACKSTONE SECURED LEND 2.75000 09/16/2026 US 83,887.36 $74,223.56
DECHRA PHARMACEUTICALS PLC GB DPH LN 939.33 $37,989.37
BOSTON SCIENTIFIC CORP US BSX 1,925.3 $77,608.83
BRANDYWINE REALTY TRUST US BDN 1,353.83 $10,871.25
BABS 2021-RM2 A 1.75000 10/25/2061 US 79,228.66 $70,367.49
BRENNTAG AG-UNSP ADR DE BNTGY 5,052.27 $66,134.22
BRISTOL MYERS SQUIBB CO US BMY 271.67 $18,313.58
BROADRIDGE FINANCIAL SOLUTIONS US BR 27.96 $4,785.93
JONAH ENERGY PARENT LLC US 668.19 $38,026.50
CBOE GLOBAL MARKETS INC US CBOE 630.15 $74,339.38
CDW CORP/DE US CDW 406.81 $69,442.37
SORT 2020-1 A1 MTGE 1.69000 07/15/2060 US 86,095.56 $78,238.50
SORT 2020-1 A2 1.99000 07/15/2060 US 70,290.85 $60,259.63
C.H. ROBINSON WORLDWIDE INC US CHRW 38.09 $4,347.80
CIM 2019-INV1 A1 4.00000 02/25/2049 US 4,538.36 $4,503.75
CSMC 2013-IVR3 A1 2.50000 05/25/2043 US 25,111.35 $23,325.95
CVS HEALTH CORP US CVS 1,100.25 $107,989.32
COTERRA ENERGY INC US CTRA 138.67 $4,286.33
CAMDEN PROPERTY TRUST US CPT 205.97 $26,469.71
CAMECO CORP CA CCJ 660.76 $19,261.24
CAMPBELL SOUP CO US CPB 83.62 $4,212.86
CANADIAN NATIONAL RAILWAY CO CA CNI 4,405.53 $523,861.82
CARETRUST REIT INC US CTRE 1,455.52 $31,351.94
CATERPILLAR INC US CAT 74.1 $13,686.69
CELLNEX TELECOM SAU-UNSP ADR ES CLLNY 7,796.31 $151,482.32
CENOVUS ENERGY INC 6.75000 11/15/2039 CA 202,157.97 $220,798.52
CHARTER COMMUNICATIONS INC-A US CHTR 1,026.38 $423,514.16
CHEVRON CORP US CVX 135.59 $21,431.21
CINCINNATI FINANCIAL CORP US CINF 38.3 $3,713.81
CISCO SYSTEMS INC US CSCO 465.2 $20,803.64
CITIGROUP INC US C 287.03 $14,009.97
CITIGROUP INC 1.46200 06/09/2027 US 154,857.33 $136,687.03
CLARK CNTY NV 1.51000 11/01/2028 US 15,631.06 $13,382.98
COCA COLA CO/THE US KO 10,054.23 $620,446.32
COGNEX CORP US CGNX 1,104.22 $46,498.81
COLGATE-PALMOLIVE CO US CL 139.24 $10,889.85
COMCAST CORP-CL A US CMCSA 497.03 $17,987.65
COMMUNITY HEALTHCARE TRUST I US CHCT 451.61 $16,659.99
CONAGRA BRAND INC. US CAG 127.07 $4,368.61
CONOCOPHILLIPS US COP 124.42 $13,617.22
CONSTELLATION BRANDS INC-A US STZ 968.63 $238,332.48
CONTROLADORA VUELA CIA DE AV MX VLRS 1,692.94 $15,033.27
COPART INC US CPRT 2,217.83 $265,363.53
COUSINS PROPERTIES INC US CUZ 999.61 $26,839.40
CAALT 2020-1A 2.01000 02/15/2029 US 30,699.31 $30,650.52
CROWN CASTLE INTL CORP 3.10000 11/15/2029 US 118,413.86 $104,830.19
CSMC 2013-TH1 A1 2.13000 02/25/2043 US 14,072.17 $12,534.93
CUMMINS INC US CMI 30.51 $6,570.92
KIMBERLY CLARK DE MEXICO S.A.B. MX 33,166.93 $45,025.96
DEUTSCHE BOERSE AG ADR DE DBOEY 6,283.95 $105,903.46
DEVON ENERGY CORPORATION US DVN 93.12 $6,575.94
DIAMONDBACK ENERGY INC US FANG 29.46 $3,925.98
DIGITAL REALTY TRUST INC US DLR 374.79 $46,335.36
DOLLAR GENERAL CORP US DG 548.16 $130,143.88
DOLLAR TREE STORES INC US DLTR 2,487.35 $337,483.78
DOMINO'S PIZZA US DPZ 261.22 $97,136.27
DOUBLEVERIFY HOLDINGS INC US DV 4,939.28 $127,680.40
DOW INC US DOW 98.44 $5,020.36
DREYFUS GVT CSH MANAGEMENT US 2,117,080.36 $2,117,080.36
DUKE RLTY INVTS INC US DRE 433.42 $25,506.60
EOG RESOURCES INC US EOG 68.77 $8,341.33
EAST WEST BANCORP INC US EWBC 1,506.25 $108,706.31
EASTMAN CHEM CO US EMN 35.79 $3,256.72
EBAY INC US EBAY 89.61 $3,954.61
ELECTRONIC ARTS US EA 2,768.3 $351,214.13
EMERSON ELEC CO US EMR 101.89 $8,328.55
ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 US 221,323.43 $223,714.48
EQUINIX INC US EQIX 725.21 $476,728.10
EQUITY LIFESTYLE PROPERTIES US ELS 766.39 $53,723.93
ESSEX PROPERTY TRUST INC US ESS 113.58 $30,105.30
EVERGY INC US EVRG 1,602.81 $109,840.48
EXPEDIA GROUP INC 3.25000 02/15/2030 US 96,227.58 $83,269.62
EXTRA SPACE STORAGE INC US EXR 92.01 $18,285.42
FMC CORP US FMC 5,240.7 $566,414.86
FS ENERGY & POWER FUND 7.50000 08/15/2023 US 46,474.99 $46,645.33
FREMF 2015-K43 B FLT 3.85980 02/25/2048 US 261,886.64 $253,251.82
FREMF 2013-K28 X2A 0.10000 06/25/2046 US 15,331,778.07 $3,593.92
META PLATFORMS INC US META 4,359.36 $710,271.33
FHLM POOL G05906 6.00000 04/01/2040 US 5,439.2 $5,842.54
FHLM POOL G13331 5.50000 10/01/2023 US 34.82 $35.02
FHLM POOL G12988 6.00000 01/01/2023 US 6.77 $6.77
FHLM POOL G13078 6.00000 03/01/2023 US 13.81 $13.81
FHLM GOLD POOL FG G08786 4.50000 10/01/2047 US 39,146.09 $39,551.16
FHLM POOL C91780 4.50000 07/01/2034 US 48,848.07 $50,119.06
FR SD1129 4.00000 08/01/2051 US 196,034.81 $193,586.56
FEDERAL NATL MTG ASSN SD8044 3.00000 02/01/2050 US 167,481.42 $156,565.75
FHLM POOL SD8230 4.50000 06/01/2052 US 112,685.45 $112,299.31
FHLM POOL K91364 4.50000 11/01/2033 US 6,153.31 $6,266.71
FHLM POOL K92059 4.50000 09/01/2034 US 39,620.29 $40,639.20
FNR 2018-31 KP 3.50000 07/25/2047 US 3,584.68 $3,543.94
FHMS K030 X1 FLT 0.25907 04/25/2023 US 5,016,193.23 $3,181.32
FHMS K032 X1 FLT 0.17942 05/25/2023 US 3,328,246.13 $1,699.77
FEDERAL NATL MTG ASSN AH9054 4.50000 04/01/2041 US 9,629.45 $9,849.49
FEDERAL NATL MTG ASSN AL8674 FLT 5.65900 01/01/2049 US 178,565.79 $190,257.33
FEDERAL NATL MTG ASSN BK0433 3.50000 12/01/2049 US 114,654.95 $110,429.79
FEDERAL NATL MTG ASSN FN FS1179 3.50000 12/01/2049 US 159,923.71 $154,629.63
FN DS2696 3.00000 12/01/2051 US 206,391.62 $192,791.33
FEDERAL NATL MTG ASSN 888810 5.50000 11/01/2022 US 1.66 $1.65
FEDERAL NATL MTG ASSN MA1903 4.50000 05/01/2034 US 36,550.94 $37,389.10
FEDERAL NATL MTG ASSN FN MA3412 3.50000 07/01/2038 US 15,072.87 $14,666.92
FEDERAL NATL MTG FN MA4203 2.50000 12/01/2040 US 176,573.84 $160,962.21
FEDERAL NATL MTG ASSN MA4600 3.50000 05/01/2052 US 171,847.75 $164,227.97
FEDERAL NATL MTG ASSN MA4644 4.00000 05/01/2052 US 170,609.71 $166,904.05
FEDERAL NATL MTG ASSN FN MA4687 4.00000 06/01/2042 US 170,126.05 $168,043.28
FN MA4733 4.50000 09/01/2052 US 193,920.82 $193,106.78
FEDERAL NATL MTG ASSN AD0220 6.00000 10/01/2038 US 2,553.62 $2,744.10
FEDERAL NATL MTG ASSN AD0462 5.50000 10/01/2024 US 236.89 $240.60
FEDEX CORPORATION US FDX 1,141.98 $240,741.39
FIFTH THIRD BANCORP US FITB 161.97 $5,531.11
FLX 2021-1A A2 3.25000 11/27/2051 US 143,414.11 $131,038.04
FONTAINEBLEAU MIAMI BEACH TRUST 3.14400 12/10/2036 US 120,966.69 $115,199.82
FORD MOTOR CREDIT 3.08700 01/09/2023 US 24,941.58 $24,746.21
GSMBS 2021-PJ9 A8 2.50000 02/26/2052 US 65,344.79 $59,086.37
GSMBS 2021-INV1 A6 2.50000 12/25/2051 US 81,401.8 $73,746.71
GENERAL DYNAMICS CORP US GD 46.26 $10,589.22
GENERAL MLS INC US GIS 116.77 $8,967.99
GENUINE PARTS CO US GPC 36.22 $5,650.09
GETTY REALTY CORP US GTY 584.46 $17,580.54
GILEAD SCIENCES INC US GILD 209.25 $13,280.83
GNR 2017-54 AH MTGE 2.60000 12/16/2056 US 38,548.22 $36,582.33
GRAPHIC PACKAGING HOLDING CO US GPK 11,606.2 $258,470.16
GREENIDGE GEN HLD INC US 1,099.62 $15,405.74
GRUPO AEROPORTUARIO CEN-ADR MX OMAB 746.76 $39,033.28
GRUPO AEROPORTUARIO PAC-ADR MX PAC 337.5 $48,116.77
GRUPO AEROPORTUARIO DEL SURESTE MX ASR 231.69 $48,996.08
AIRBUS SE FR AIR FP 246.96 $24,200.71
ADIDAS AG DE ADS GR 321.5 $47,672.72
HCA INC 4.12500 06/15/2029 US 139,706.93 $129,792.09
HDFC BANK LTD-ADR IN HDB 2,780.05 $169,722.11
L'OREAL FR OR FP 32.2 $11,058.96
HAWAII ST 2.68200 10/01/2038 US 12,470.79 $9,802.70
HEALTHCARE REALTY TRUST INC US HR 1,459.67 $35,499.10
HEINEKEN NV-SPN ADR NL HEINY 6,000.28 $269,532.53
HESKA CORP US HSKA 691.16 $62,944.01
HOME DEPOT INC US HD 102.13 $29,456.58
HONEYWELL INTERNATIONAL INC US HON 88.8 $16,813.41
HWIRE 2021-1 A2 2.31100 11/20/2051 US 134,684.56 $119,179.66
HUMANA INC US HUM 171.41 $82,579.84
IIP OPERATING PARTNER 5.50000 05/25/2026 US 47,945.37 $42,706.69
IDEXX LABORATORIES INC US IDXX 876.79 $304,788.14
KERRY GROUP PLC-A IE KYGA ID 199.24 $20,545.82
ILLINOIS TOOL WKS INC US ITW 51.55 $10,043.89
IMPRL 2021-NQM3 1.59500 11/25/2056 US 78,117.44 $66,671.37
INDEPENDENCE REALTY TRUST IN US IRT 645.64 $12,557.68
INSPERITY INC US NSP 1,093.73 $119,238.17
INTEL CORP US INTC 497.95 $15,894.56
INTERCONTINENTALEXCHANGE INC US ICE 4,766 $480,650.90
INTERNATIONAL FLVRS & FRAGRANCES US IFF 52.34 $5,782.05
INTUITIVE SURGICAL INC US ISRG 1,373.3 $282,543.36
INVITATION HOMES INC US INVH 1,364.97 $49,520.96
ITALY GOV'T INT BOND 2.37500 10/17/2024 IT 29,929.9 $28,472.32
JP MORGAN CHASE & CO US JPM 1,096.35 $124,687.74
JPMMT 2014-2 1A1 3.00000 06/25/2029 US 31,737.19 $30,292.86
JPMORGAN CHASE & CO 4.49300 03/24/2031 US 231,038.92 $224,733.48
JOHNSON & JOHNSON US JNJ 5,384.03 $868,658.81
KREF 2021-FL2 A 3.44971 02/15/2039 US 129,696.24 $125,865.13
KEYCORP US KEY 173.41 $3,067.65
KROGER CO US KR 144.3 $6,917.87
L3HARRIS TECHNOLOGIES INC US LHX 1,282.99 $292,764.51
BEIERSDORF AG DE BEI GR 501.69 $50,640.39
LENNAR CORP US LEN 50.6 $3,918.76
LIFE STORAGE INC US LSI 262.3 $33,377.69
LOCKHEED MARTIN CORP US LMT 36.72 $15,428.25
LULULEMON - ADR CA LULU 1,502.29 $450,625.99
MAGALLANES INC 4.05400 03/15/2029 US 235,934.51 $214,742.32
MARATHON PETROLEUM CORP US MPC 73.28 $7,382.88
MARRIOTT VACATIONS WORLD US VAC 122.23 $17,408.30
MASTERCARD INC-CLASS A US MA 2,753.27 $893,077.76
MCDONALDS CORP US MCD 63.36 $15,985.69
MERCADOLIBRE INC BR MELI 142.62 $121,989.17
MERCK & CO INC US MRK 296.18 $25,282.27
MICROSOFT CORP US MSFT 4,234.75 $1,107,259.33
MICROCHIP TECHNOLOGY INC US MCHP 84.02 $5,482.43
MID-AMERICA APARTMENT COMM US MAA 217.68 $36,063.83
MONDELEZ INTERNATIONAL INC US MDLZ 10,484.21 $648,553.17
MOODY'S CORPORATION US MCO 1,789.43 $509,128.98
MOTOROLA SOLUTIONS INC US MSI 32.1 $7,812.83
NAVIENT CORP 6.75000 06/25/2025 US 52,533.44 $50,716.59
NESTLE S.A. - ADR CH NSRGY 4,028.76 $471,606.94
NETAPP INC US NTAP 57.6 $4,154.48
USRE 2021-1 A1 1.91000 10/20/2061 US 152,767.21 $132,704.92
NRZT 2014-3A AFX3 3.75000 11/25/2054 US 29,225.84 $27,954.17
NRZT 2015-2A A1 3.75000 08/25/2055 US 48,425.89 $46,156.34
NRZT 2016-4A A1 3.75000 11/25/2056 US 92,374.77 $88,186.19
KEYENCE CORP JP 6861 JP 101.62 $38,156.00
NEW YORK CITY NY TRANSITIONALFIN 1.58000 05/01/2024 US 52,255.27 $50,523.12
NEWCASTLE COAL INFRASTRU 4.40000 09/29/2027 AU 102,909.58 $89,300.70
NEWMONT GOLDCORP CORP US NEM 2,623.58 $108,511.21
NIKE INC CLASS B US NKE 2,519.76 $268,228.96
NORFOLK SOUTHN CORP US NSC 1,198.69 $291,437.91
NIKON CORP JP 7731 JP 1,848.89 $21,105.54
NORTHROP GRUMMAN CORP US NOC 683.12 $326,525.86
NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 CA 52,617.66 $5.26
NOVARTIS AG- REG CH NVS 6,689.62 $538,648.26
NUCOR CORP US NUE 50.21 $6,675.22
NVIDIA CORP US NVDA 268.18 $40,479.74
OKTA INC US OKTA 739.39 $67,580.58
OMNICOM GROUP US OMC 56.05 $3,749.91
SONY CORP FIRST SECTION JP 6758 JP 435.89 $34,654.78
OWL ROCK TECHNOLOGY 3.75000 06/17/2026 US 98,721.74 $88,330.74
OXFIN 2020-1A A2 3.10100 02/15/2028 US 92,530.81 $91,621.22
OXFIN 2022-1A 3.60200 02/15/2030 US 121,590.23 $114,123.04
PMTLT 2013-J1 a9 3.50000 09/25/2043 US 21,388.69 $20,535.85
PPG INDUSTRIES INC US PPG 34.38 $4,365.48
PACKAGING CORP OF AMERICA US PKG 26.43 $3,618.32
PARKER HANNIFIN CORP US PH 19.11 $5,063.25
DEUTSCHE BOERSE AG DE DB1 GR 255.93 $43,271.32
PAYPAL HOLDINGS INC US PYPL 6,048.92 $565,210.69
PEAR 2021-1 A MTGE 2.60000 01/15/2034 US 150,938.97 $143,326.80
PELORUS FUND REIT 7.00000 09/30/2026 US 50,262.59 $46,796.88
NESTLE SA-REGISTERED CH NESN SW 660.8 $77,328.55
PEPSICO INC 3.90000 07/18/2032 US 176,150.4 $173,041.41
PFIZER INC US PFE 419.97 $18,995.30
PIONEER NATURAL RESOURCES CO US PXD 29.99 $7,594.71
POPULAR INC 6.12500 09/14/2023 PR 45,805.08 $46,391.67
PROCTER & GAMBLE CO US PG 226.65 $31,264.03
PROLOGIS US PLD 1,148.17 $142,959.19
PFMT 2021 -INV1 A1 2.50000 08/25/2051 US 124,044.38 $106,044.36
PFMT 2021-2 A2A 2.00000 04/25/2051 US 74,410.81 $65,022.07
PUBLIC STORAGE INC US PSA 202.01 $66,830.21
QUALCOMM INC US QCOM 142.65 $18,868.58
QUALCOMM INC 4.25000 05/20/2032 US 17,864.07 $18,076.30
QUEST DIAGNOSTICS INC US DGX 33.75 $4,228.77
RCKT 2021-6 A1 2.50000 12/25/2051 US 133,972.28 $114,262.85
RADIUS GLOBAL INFRASTRUCTURE US RADI 4,174 $57,476.05
REGIONS FINANCIAL CORP. US RF 229.03 $4,963.15
REPUBLIC SERVICES INC US RSG 60.9 $8,690.95
RESTAURANT BRANDS INTERN CA QSR 412.69 $24,348.75
REXFORD INDUSTRIAL REALITY IN US REXR 705.64 $43,897.86
GETINGE AB-B SHS SE GETIB SS 1,918.55 $35,534.49
ROSS STORES INC US ROST 53.79 $4,640.40
HEINEKEN NV NL HEIA NA 471.19 $42,350.34
RYANAIR HOLDINGS - ADR IE RYAAY 3,709.27 $269,701.24
S&P GLOBAL INC US SPGI 708.17 $249,404.20
SBA COMMUNICATIONS CORP US SBAC 2,208.12 $718,192.08
NAVIENT CORP 5.50000 01/25/2023 US 24,596.22 $24,481.18
SLAM 2021-1A A MTGE 2.43400 06/15/2046 US 104,055.05 $88,981.16
SMB 2020-A A2A MTGE 2.23000 09/15/2037 US 98,494.23 $91,310.40
SMB 2020-BA A1A 1.29000 07/15/2053 US 95,895.01 $86,925.34
SALESFORCE INC US CRM 3,949.43 $616,585.58
SEA LTD - ADR SG SE 2,456.35 $152,293.90
SEAGEN INC US SGEN 1,501.91 $231,730.11
SEMT 2013-6 A2 3.00000 05/25/2043 US 37,361.23 $34,926.80
SEMT 2013-7 A2 3.00000 06/25/2043 US 16,021.51 $14,366.00
SEMT 2013-8 A1 3.00000 06/25/2043 US 18,889.86 $17,702.07
SEMT 2013-2 1.87400 02/25/2043 US 15,538.97 $13,752.61
SERVICENOW INC US NOW 1,465.14 $636,778.90
SHOPIFY INC CA SHOP 483.72 $15,309.82
SIMON PROPERTY GROUP LP 2.65000 02/01/2032 US 307,481.65 $257,448.13
SKYWORKS SOLUTIONS INC US SWKS 29.9 $2,946.96
JM SMUCKER CO/THE-NEW COM WI US SJM 29.96 $4,193.70
SNOWFLAKE INC-CLASS A US SNOW 2,058.28 $372,445.33
SOFI 2017-F A2FX 2.84000 01/25/2041 US 6,849.48 $6,713.87
SOFI 2018-B A2FX MTGE 3.34000 08/25/2047 US 31,419.9 $30,795.34
SOFI 2020-A A2FX MTGE 2.54000 05/15/2046 US 62,040.23 $59,046.43
SONY CORP SPONSORED ADR JP SONY 4,201.62 $333,398.78
SOUTH CAROLINA ST PUBLIC SVC 2.32900 12/01/2028 US 241,309.83 $216,708.43
SOUTHWEST AIRLINES CO 5.12500 06/15/2027 US 172,409.17 $175,601.73
ONEMAIN FINANCE CORP 5.62500 03/15/2023 US 23,749.38 $23,630.80
STANLEY BLACK & DECKER INC US SWK 27.94 $2,461.65
SRPT 2014-STAR A FLTG RATE 3.86200 11/15/2027 US 165,800.73 $116,174.94
STEEL DYNAMICS INC US STLD 51.37 $4,146.72
SUN COMMUNITIES US SUI 361.52 $55,569.25
SYNCHRONOSS TECH US 2,183.94 $47,435.16
SYNERGY ONE LENDING 5.50000 10/14/2026 US 57,698.7 $49,821.16
TJX COMPANIES INC US TJX 138.35 $8,625.94
TAIWAN SEMICONDUCTOR - SP ADR TW TSM 1,852.48 $154,404.44
TARGET CORP US TGT 49.2 $7,888.37
TENCENT HOLDINGS 3.97500 04/11/2029 KY 392,839.4 $370,248.08
TERRENO REALTY CORP US TRNO 455.97 $27,809.71
TEXAS INSTRUMENTS INC US TXN 86.22 $14,243.76
THERMO FISHER SCIENTIFIC INC US TMO 627.22 $342,032.88
3M CO US MMM 87.12 $10,832.98
TPMT 2016-5 A1 2.50000 10/25/2056 US 40,552.46 $40,146.40
TPMT 2017-1 A1 2.75000 10/25/2056 US 20,764.94 $20,586.72
TPMT 2019-HY1 A1 3.44371 10/25/2048 US 40,636.99 $40,180.53
TRACTOR SUPPLY COMPANY US TSCO 21.19 $3,923.88
TRAVELLERS COS INC US TRV 45.31 $7,323.88
TAH 2017-SFR2 A 2.92800 01/17/2036 US 87,664.06 $86,230.26
TCF 2021-1A 1.86000 03/20/2046 US 106,948.74 $92,472.21
TYSON FOODS INC -CL A US TSN 74.22 $5,594.36
UDR INC US UDR 1,111.58 $49,876.40
U.S. BANCORP US USB 236.73 $10,797.40
UBISOFT ENTERTAIN-UNSPON ADR FR UBSFY 8,801.22 $80,900.85
UNILEVER PLC - ADR GB UL 12,969.13 $588,668.85
UNION PAC CORP US UNP 81.37 $18,267.47
UNITED AIR 2019-2 B PTT 3.50000 05/01/2028 US 47,960.59 $40,403.20
UNITED AIR 2018-1 B PTT 4.60000 03/01/2026 US 8,276.41 $7,715.46
UNITED MEXICAN STATES 4.12500 01/21/2026 MX 24,941.58 $24,963.61
UNITED PARCEL SERVICE US UPS 1,461.36 $284,249.77
US TREASURY N/B 3.00000 05/15/2047 US 1,616,901.77 $1,475,928.14
TREASURY BOND 2.37500 02/15/2042 US 1,837,571.27 $1,529,778.08
TREASURY BOND 2.25000 11/15/2027 US 828,060.62 $785,881.28
US TREASURY N/B 3.12500 11/15/2028 US 2,776,082.19 $2,747,236.97
US TREASURY N/B 2.00000 11/15/2026 US 830,554.78 $785,263.59
UNITED STATES TREAS NTS 1.75000 05/15/2023 US 1,116,234.08 $1,103,763.65
US TREASURY N/B 1.37500 11/15/2031 US 896,649.98 $770,418.47
UNITEDHEALTH GROUP INC US UNH 170.38 $88,482.68
UNIVERSAL DISPLAY CORP US OLED 1,011.11 $112,970.89
VF CORP US VFC 71.07 $2,945.78
VENTAS INC US VTR 415.62 $19,891.58
VERTEX PHARMACEUTICALS INC US VRTX 1,186.15 $334,211.01
PARAMOUNT GLOBAL CLASS B US PARA 117.32 $2,744.20
VISA INC - CLASS A SHARES US V 3,545.91 $704,607.13
VISTRA OPERATIONS CO LLC 3.55000 07/15/2024 US 43,302.41 $41,758.32
VISTRA OPERATIONS 4.87500 05/13/2024 US 152,986.71 $151,238.20
WAL MART STORES US WMT 262.56 $34,802.64
WALGREENS BOOTS ALLIANCE INC US WBA 130.64 $4,580.37
WASTE MANAGEMENT INC US WM 68.05 $11,501.76
WELLTOWER INC. US WELL 480.66 $36,842.90
WIN 2015-1 A1 3.50000 01/20/2045 US 9,363.21 $9,017.60
ZOETIS INC US ZTS 797.04 $124,760.16
ADMIRAL GROUP PLC GB ADM LN 2,407.38 $59,218.71
GRUPO AEROPORTUARIO DEL CENT MX OMAB MM 1,170.49 $7,660.37
UBISOFT ENTERTAINMENT FR UBI FP 769.23 $35,472.94
DANONE FR BN FP 377.56 $19,867.31
AIR LIQUIDE FR AI FP 563.48 $70,610.90
BRENNTAG AG DE BNR GR 475.81 $31,197.67
MEX BONOS DESARR FIX RT 7.75000 05/29/2031 MX 187,061.89 $8,573.92
KEYWORDS STUDIOS PLC IE KWS LN 379.25 $10,930.26
S4 CAPITAL PLC GB SFOR LN 18,730.2 $28,787.73
HELIOS TOWERS PLC GB HTWS LN 10,286.72 $14,741.58
AVANZA BANK HOLDING AB SE AZA SS 1,805.87 $28,946.30
AMERICAN TANKER INC 7.75000 07/02/2025 US 54,981.24 $53,154.63
SOFTWAREONE HOLDING AG CH SWON SW 2,470.38 $32,478.39
FLAGSHIP COMMUNITIES REIT UT US MHC/U CN 1,220.4 $19,343.41
SEASPAN CORP 6.50000 02/05/2024 MH 33,873.62 $33,618.46
PETROTAL CORP 12.00000 02/16/2024 CA 42,987.33 $43,847.07
FINECOBANK SPA IT FBK IM 5,538.25 $59,881.22
ALLFUNDS GROUP PLC GB ALLFG NA 3,064.12 $24,057.89
AIRSWIFT GLOBAL AS FLT 11.42271 05/12/2025 NO 49,883.17 $50,021.46
ROTORK PLC GB ROR LN 10,559.88 $30,294.27
AUTO TRADER GROUP PLC GB AUTO LN 7,668.95 $57,905.79
CELLNEX TELECOM SA ES CLNX SM 771.62 $30,049.13
ASSA ABLOY AB-B SE ASSAB SS 1,709.94 $34,633.00
CLEANAWAY WASTE MANAGEMENT AU CWY AU 22,613.45 $42,949.85
INTERMEDIATE CAPITAL GROUP GB ICP LN 2,154.47 $34,057.27
ADYEN NV NL ADYEN NA 34.04 $52,521.59
BANK OF N.T. BUTTERFIELD&SON BM NTB 653.33 $21,311.54
BUNGE LIMITED US BG 36.4 $3,610.03
EATON CORP PLC US ETN 69.94 $9,557.16
JOHNSON CONTROLS INTERNATIONAL US JCI 128 $6,929.76
MEDTRONIC INC IE MDT 6,008.94 $528,305.66
ROYALTY PHARMA PLC- CL A US RPRX 104.43 $4,366.27
STONECO LTD-A BR STNE 2,389.69 $22,654.29
TRANE TECHNOLOGIES IE TT 33.57 $5,171.79
ALCON INC CH ALC 4,531.16 $297,606.77
CHUBB LTD CH CB 62.88 $11,886.58
GARMIN LTD CH GRMN 45.91 $4,062.33
TE CONNECTIVITY LIMITED CH TEL 45.85 $5,787.15
LYONDELLBASELL INDU-CL A US LYB 48.57 $4,031.66
PLAYA HOTELS AND RESORTS US PLYA 1,280.2 $8,398.08
BROOGE PETROLEUM AND GAS 8.50000 09/24/2025 AE 27,897.03 $26,827.14

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 50 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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