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

$20.56

Daily $ Change

$0.23

Daily % Change

1.12%

as of 06/23/2022

CUSIP

302027594

Inception Date

08/17/2012

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 05/31/2022

YTD

-11.98%

1 Year

-7.54%

3 Year

9.54%

5 Year

8.04%

10 Year

8.79%

Inception
(01/01/2000)

6.87%

Performance through the inception date of the Retirement Target CIT Class S units is based on historical performance of the CIT's oldest unit class. Performance through the inception date of the oldest unit class (08/03/2012) is not the past performance of the Retirement Target CIT Fund and is based on historical performance data of the Manning & Napier Pro-Mix® CIT Fund(s) that would have been held according to the Retirement Target CIT Fund’s glide path. Returns are net of the Class S 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 0.91%
Net 0.89%*

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

Top Ten Investments

As of 05/31/2022

TREASURY NOTES 13.27%
TREASURY BONDS 3.19%
GOVERNMENT AGENCY 3.17%
AMAZON.COM INC 2.85%
MICROSOFT CORP 2.18%
MASTERCARD INC-CLASS A 1.86%
JOHNSON & JOHNSON 1.82%
VISA INC - CLASS A SHARES 1.69%
META PLATFORMS INC 1.59%
SBA COMMUNICATIONS CORP 1.53%

This investment list is unaudited and excludes cash.

Asset Allocation

As of 05/31/2022

Stocks 61.10%
Bonds 34.24%
Cash 4.66%

Detailed Asset Class Allocation

As of 05/31/2022

International Equities 16.66%
Small Capitalization 1.19%
Mid Capitalization 4.69%
Large Capitalization 38.56%
Long Term Fixed Income 10.99%
Intermediate Term Fixed Income 18.51%
Short Term Fixed Income 4.74%
Cash 4.66%

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

May Fund Holdings

As of 05/31/2022

Security Description Country Ticker Shares/Par Market Value (USD)
ABBOTT LABORATORIES US ABT 138.49 $16,267.45
ACCOR SA-SPONSORED ADR FR ACCYY 11,529.46 $77,132.07
ACTIVISION INC US ATVI 3,616.32 $281,639.29
ADIDAS AG-SPONSORED ADR DE ADDYY 2,316.21 $229,628.76
AERCAP IRELAND CAP/GLOBA 3.00000 10/29/2028 IE 97,606.96 $85,597.15
ADYEN NV UNSPON ADR NL ADYEY 20,525.84 $317,739.94
AGREE REALTY CORP US ADC 207.92 $14,465.31
AIR LIQUIDE-ADR FR AIQUY 12,853.79 $448,725.88
AIR LEASE CORP 3.62500 04/01/2027 US 94,008.38 $89,401.56
ALASKA AIR 2020-1 CL B 8.00000 08/15/2025 US 16,953.69 $17,786.77
ALIBABA GROUP HOLDING 4.00000 12/06/2037 KY 188,712.35 $164,301.16
ALIBAB GROUP HOLDINGS 2.12500 02/09/2031 KY 60,233 $50,104.54
ALIGN TECHNOLOGY INC US ALGN 402.53 $111,757.47
ALLSTATE CORPORATION US ALL 52.75 $7,210.08
ALPHABET INC-CL A US GOOGL 231.86 $527,539.49
AMAZON.COM INC US AMZN 608.06 $1,461,900.48
AMAZON.COM INC 3.30000 04/13/2027 US 187,386.07 $187,213.44
DIAGEO PLC GB DGE LN 6,422.97 $298,419.23
AMERICAN HOMES 4 RENT- A US AMH 740.6 $27,372.70
AMERICAN TOWER REIT INC US AMT 110.81 $28,380.84
ANALOG DEVICES INC US ADI 78.77 $13,264.56
APPLE HOSPITALITY REIT INC US APLE 2,524.33 $42,181.51
ARBOR REALTY TRUST INC 8.00000 04/30/2023 US 15,405.28 $15,584.00
ARCHER-DANIELS-MIDLAND CO US ADM 91.28 $8,289.75
ARGO BLOCKCHAIN PLC GB 159.15 $3,337.46
ASHTEAD CAPITAL INC 4.00000 05/01/2028 US 80,813.57 $76,845.74
AUTOMATIC DATA PROCESSING US ADP 54.48 $12,146.71
AVALONBAY COMMUNITIES INC US AVB 175.9 $36,580.41
AVALON HOLDINGS FNDG LTD 2.75000 02/21/2028 KY 251,025.98 $217,522.86
BNSF FUNDING TRUST I 6.61300 12/15/2055 US 74,120.33 $75,037.15
BANK OF AMERICA CORP 2.68700 04/22/2032 US 156,260.17 $136,713.76
BARRICK GOLD CORP CA GOLD 8,308.34 $170,237.94
BAXTER INTERNATIONAL INC US BAX 70.4 $5,353.61
BEST BUY INC US BBY 49.79 $4,086.00
BIOMARIN PHARMACEUTICAL INC US BMRN 6,807.27 $511,429.83
BLACKROCK INC US BLK 488.56 $326,883.24
BLACKSTONE PRIVATE CRE 2.62500 12/15/2026 US 98,049.05 $85,306.17
BLACKSTONE SECURED LEND 2.75000 09/16/2026 US 98,049.05 $89,199.50
DECHRA PHARMACEUTICALS PLC GB DPH LN 910.37 $41,728.89
BOSTON SCIENTIFIC CORP US BSX 1,905.87 $78,159.61
BRANDYWINE REALTY TRUST US BDN 1,255.6 $13,999.98
BABS 2021-RM2 A 1.75000 10/25/2061 US 81,313.28 $73,571.03
BRISTOL MYERS SQUIBB CO US BMY 242.06 $18,263.20
BROADRIDGE FINANCIAL SOLUTIONS US BR 27.16 $3,970.89
JONAH ENERGY PARENT LLC US 645.2 $34,621.52
CBOE GLOBAL MARKETS INC US CBOE 623.79 $70,058.37
CDW CORP/DE US CDW 402.7 $68,403.20
SORT 2020-1 A1 MTGE 1.69000 07/15/2060 US 82,812.74 $75,974.92
SORT 2020-1 A2 1.99000 07/15/2060 US 67,751.71 $59,492.35
C.H. ROBINSON WORLDWIDE INC US CHRW 34.57 $3,751.15
CIM 2019-INV1 A1 4.00000 02/25/2049 US 4,702.48 $4,697.01
CSMC 2013-IVR3 A1 2.50000 05/25/2043 US 24,755.61 $23,226.52
COTERRA ENERGY INC US CTRA 133.04 $4,567.16
CAMDEN PROPERTY TRUST US CPT 169.27 $24,287.90
CAMECO CORP CA CCJ 604.05 $14,780.99
CAMPBELL SOUP CO US CPB 77.68 $3,721.45
CANADIAN NATIONAL RAILWAY CO CA CNI 4,287.18 $487,795.73
CARETRUST REIT INC US CTRE 838.33 $15,534.33
CATERPILLAR INC US CAT 71.03 $15,331.16
CENOVUS ENERGY INC 6.75000 11/15/2039 CA 214,659.88 $241,901.33
CENTURYLINK INC 7.50000 04/01/2024 US 48,236.18 $49,901.27
CHARTER COMMUNICATIONS INC-A US CHTR 1,039.34 $526,872.77
CHEVRON CORP US CVX 131.66 $22,995.94
CINCINNATI FINANCIAL CORP US CINF 37.2 $4,756.73
CISCO SYSTEMS INC US CSCO 447.76 $20,171.71
CITIGROUP INC US C 273.82 $14,624.53
CITIGROUP INC 1.46200 06/09/2027 US 149,378.35 $134,555.89
CLARK CNTY NV 1.51000 11/01/2028 US 15,473.29 $13,612.47
COCA COLA CO/THE US KO 9,802.71 $621,295.68
COGNEX CORP US CGNX 1,093.08 $52,926.80
COLGATE-PALMOLIVE CO US CL 126.88 $9,999.08
COMCAST CORP-CL A US CMCSA 482.59 $21,369.12
COMMUNITY HEALTHCARE TRUST I US CHCT 436.79 $16,458.08
CONAGRA BRAND INC. US CAG 115.25 $3,790.62
CONOCOPHILLIPS US COP 120.78 $13,571.03
CONSTELLATION BRANDS INC-A US STZ 958.86 $235,370.78
CONTROLADORA VUELA CIA DE AV MX VLRS 1,048.09 $16,329.27
COPART INC US CPRT 2,149.76 $246,212.27
COUSINS PROPERTIES INC US CUZ 1,034.04 $35,725.92
CAALT 2020-1A 2.01000 02/15/2029 US 66,411.49 $66,291.22
CROWN CASTLE INTL CORP 3.10000 11/15/2029 US 114,211.77 $103,867.76
CSMC 2013-TH1 A1 2.13000 02/25/2043 US 14,068.5 $12,824.65
CUMMINS INC US CMI 29.63 $6,196.65
KIMBERLY CLARK DE MEXICO S.A.B. MX 23,726.05 $36,709.34
DEVON ENERGY CORPORATION US DVN 90.44 $6,774.19
DIAMONDBACK ENERGY INC US FANG 28.24 $4,293.46
DIGITAL REALTY TRUST INC US DLR 318.85 $44,508.40
WALT DISNEY CO/THE US DIS 635.91 $70,229.68
DOLLAR GENERAL CORP US DG 1,710.95 $376,991.28
DOLLAR TREE STORES INC US DLTR 2,424.68 $388,748.40
DOMINO'S PIZZA US DPZ 258.58 $93,908.78
DOUBLEVERIFY HOLDINGS INC US DV 4,889.43 $108,789.74
DOW INC US DOW 95.6 $6,498.57
DUKE RLTY INVTS INC US DRE 721.42 $38,112.40
EOG RESOURCES INC US EOG 65.67 $8,993.63
EAST WEST BANCORP INC US EWBC 1,491.05 $109,651.84
EASTMAN CHEM CO US EMN 33.81 $3,724.03
EBAY INC US EBAY 85.35 $4,154.19
ECO MATERIAL TECH INC 7.87500 01/31/2027 US 23,171.3 $21,957.34
ELECTRONIC ARTS US EA 2,697.38 $373,991.78
EMERSON ELEC CO US EMR 98.97 $8,774.44
ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 US 213,460.35 $223,223.35
EQUINIX INC US EQIX 691.86 $475,371.93
EQUITY LIFESTYLE PROPERTIES US ELS 638.03 $48,298.89
ESSEX PROPERTY TRUST INC US ESS 108.4 $30,769.58
EXPEDIA INC US EXPE 659.52 $85,295.18
EXPEDIA GROUP INC 3.25000 02/15/2030 US 92,808.85 $82,065.47
EXTRA SPACE STORAGE INC US EXR 158.39 $28,224.54
FMC CORP US FMC 5,077.88 $622,446.84
FS ENERGY & POWER FUND 7.50000 08/15/2023 US 58,371.88 $59,451.63
FREMF 2015-K43 B FLT 3.73230 02/25/2048 US 251,900.91 $247,589.70
FREMF 2013-K28 X2A 0.10000 06/25/2046 US 15,449,096.55 $7,285.95
META PLATFORMS INC US FB 4,230.14 $819,123.61
FHLM POOL G05906 6.00000 04/01/2040 US 7,685.81 $8,492.62
FHLM POOL G13331 5.50000 10/01/2023 US 50.56 $51.40
FHLM POOL G12988 6.00000 01/01/2023 US 26.28 $26.35
FHLM POOL G13078 6.00000 03/01/2023 US 38.88 $39.02
FHLM GOLD POOL FG G08786 4.50000 10/01/2047 US 39,813.63 $41,020.14
FHLM POOL C91780 4.50000 07/01/2034 US 50,563.46 $52,736.52
FEDERAL NATL MTG ASSN SD8044 3.00000 02/01/2050 US 167,619.6 $161,269.30
FHLM POOL SD8230 4.50000 06/01/2052 US 110,356.59 $112,460.44
FHLM POOL K91364 4.50000 11/01/2033 US 6,033.68 $6,303.05
FHLM POOL K92059 4.50000 09/01/2034 US 39,457.47 $41,083.65
FNA 2017-M15 A1 FLT 2.95843 09/25/2027 US 76,776.02 $76,590.87
FNR 2018-31 KP 3.50000 07/25/2047 US 3,877.1 $3,900.22
FHMS K030 X1 FLT 0.14558 04/25/2023 US 4,908,819.95 $5,708.61
FHMS K032 X1 FLT 0.06799 05/25/2023 US 3,228,123.74 $2,767.34
FEDERAL NATL MTG ASSN AH9054 4.50000 04/01/2041 US 10,026.55 $10,463.66
FEDERAL NATL MTG ASSN AL8674 FLT 5.65900 01/01/2049 US 181,406.49 $198,328.48
FEDERAL NATL MTG ASSN BK0433 3.50000 12/01/2049 US 115,555.74 $114,431.76
FEDERAL NATL MTG ASSN FN FS1179 3.50000 12/01/2049 US 162,335.3 $161,438.99
FEDERAL NATL MTG ASSN 888810 5.50000 11/01/2022 US 4.67 $4.67
FEDERAL NATL MTG ASSN MA1903 4.50000 05/01/2034 US 37,875.04 $39,306.34
FEDERAL NATL MTG ASSN FN MA3412 3.50000 07/01/2038 US 15,261.8 $15,271.07
FEDERAL NATL MTG FN MA4203 2.50000 12/01/2040 US 176,085.84 $165,632.11
FEDERAL NATL MTG ASSN MA4600 3.50000 05/01/2052 US 168,003.69 $164,813.92
FEDERAL NATL MTG ASSN MA4644 4.00000 05/01/2052 US 166,974.72 $167,191.33
FEDERAL NATL MTG ASSN FN MA4687 4.00000 06/01/2042 US 165,534.88 $167,537.03
FEDERAL NATL MTG ASSN AD0220 6.00000 10/01/2038 US 2,616.22 $2,888.96
FEDERAL NATL MTG ASSN AD0462 5.50000 10/01/2024 US 285.45 $294.29
FEDEX CORPORATION US FDX 1,108.03 $248,842.28
FIFTH THIRD BANCORP US FITB 143.51 $5,658.72
FLX 2021-1A A2 3.25000 11/27/2051 US 137,945.73 $127,815.63
FONTAINEBLEAU MIAMI BEACH TRUST 3.14400 12/10/2036 US 116,354.23 $112,125.43
FORD MOTOR CREDIT 3.08700 01/09/2023 US 23,990.56 $23,968.52
FREMF 2015-K720 B FLT 3.45856 07/25/2022 US 71,901.03 $71,891.32
GSMBS 2021-PJ9 A8 2.50000 02/26/2052 US 64,181.78 $59,524.23
GSMBS 2021-INV1 A6 2.50000 12/25/2051 US 80,832.48 $75,325.89
GENERAL DYNAMICS CORP US GD 43.11 $9,695.05
GENERAL MLS INC US GIS 107.05 $7,477.39
GENUINE PARTS CO US GPC 33.57 $4,589.45
GETTY REALTY CORP US GTY 565.27 $15,793.66
GILEAD SCIENCES INC US GILD 190.31 $12,341.41
GNR 2017-54 AH MTGE 2.60000 12/16/2056 US 47,473.42 $46,235.40
GRAPHIC PACKAGING HOLDING CO US GPK 20,758.13 $462,075.96
GREENIDGE GEN HLD INC US 1,061.95 $21,154.11
GRUPO AEROPORTUARIO CEN-ADR MX OMAB 739.23 $42,697.65
GRUPO AEROPORTUARIO PAC-ADR MX PAC 387.27 $58,237.99
GRUPO AEROPORTUARIO DEL SURESTE MX ASR 267.02 $58,020.20
AIRBUS SE FR AIR FP 239.53 $28,072.34
ADIDAS AG DE ADS GR 546.1 $108,492.56
HCA INC 4.12500 06/15/2029 US 134,730.5 $131,152.90
L'OREAL FR OR FP 31.24 $11,032.68
HAWAII ST 2.68200 10/01/2038 US 11,995.28 $9,498.86
HEALTHCARE REALTY TRUST INC US HR 723.66 $21,036.72
HEALTHCARE TRUST OF AMERICA US HTA 496.38 $14,916.25
HEINEKEN NV-SPN ADR NL HEINY 5,831.76 $294,153.88
HESKA CORP US HSKA 684.18 $68,274.78
HOME DEPOT INC US HD 94.38 $28,574.47
HONEYWELL INTERNATIONAL INC US HON 86.27 $16,703.57
HWIRE 2021-1 A2 2.31100 11/20/2051 US 129,549.04 $116,312.78
HUMANA INC US HUM 169.68 $77,071.78
IDEXX LABORATORIES INC US IDXX 852.89 $334,007.71
KERRY GROUP PLC-A IE KYGA ID 189.71 $19,633.10
ILLINOIS TOOL WKS INC US ITW 50.08 $10,419.56
IMPRL 2021-NQM3 1.59500 11/25/2056 US 76,710.03 $72,823.89
INDEPENDENCE REALTY TRUST IN US IRT 749.08 $17,610.79
INSPERITY INC US NSP 1,082.69 $108,344.60
INTEL CORP US INTC 463.49 $20,588.39
INTERCONTINENTALEXCHANGE INC US ICE 5,074.32 $519,559.20
INTERNATIONAL FLVRS & FRAGRANCES US IFF 49.75 $6,575.31
INTUITIVE SURGICAL INC US ISRG 206.59 $47,028.26
INVITATION HOMES INC US INVH 1,197.92 $45,185.59
ITALY GOV'T INT BOND 2.37500 10/17/2024 IT 28,788.68 $28,158.90
JP MORGAN CHASE & CO US JPM 1,070.9 $141,605.07
JPMMT 2014-2 1A1 3.00000 06/25/2029 US 32,464.1 $31,419.15
JPMORGAN CHASE & CO 4.49300 03/24/2031 US 222,867.99 $225,817.12
JOHNSON & JOHNSON US JNJ 5,211.99 $935,707.89
KREF 2021-FL2 A 1.95671 02/15/2039 US 124,750.93 $120,844.05
KEYCORP US KEY 165.23 $3,297.92
KROGER CO US KR 129.19 $6,843.31
L3HARRIS TECHNOLOGIES INC US LHX 1,245.41 $300,018.21
BEIERSDORF AG DE BEI GR 486.56 $50,500.89
LENNAR CORP US LEN 47.31 $3,796.25
LIFE STORAGE INC US LSI 278.23 $32,486.67
LOCKHEED MARTIN CORP US LMT 32.94 $14,497.51
LULULEMON - ADR CA LULU 1,458.72 $426,953.82
MAGALLANES INC 4.05400 03/15/2029 US 227,539.35 $218,128.28
ATOS SE FR ATO FP 1,448.48 $38,130.46
MARATHON PETROLEUM CORP US MPC 68.27 $6,949.66
MARRIOTT VACATIONS WORLD US VAC 118.22 $17,463.27
MASTERCARD INC-CLASS A US MA 2,675.37 $957,434.22
MCDONALDS CORP US MCD 57.6 $14,528.21
ACCOR SA FR AC FP 640.99 $21,091.64
MERCADOLIBRE INC AR MELI 39.08 $30,709.42
MERCK & CO INC US MRK 263.18 $24,220.13
MICROSOFT CORP US MSFT 4,116.98 $1,119,282.09
MICROCHIP TECHNOLOGY INC US MCHP 79.32 $5,762.44
MID-AMERICA APARTMENT COMM US MAA 224.26 $40,590.75
MONDELEZ INTERNATIONAL INC US MDLZ 10,966.96 $697,060.04
MOODY'S CORPORATION US MCO 1,739.61 $524,612.75
MOTOROLA SOLUTIONS INC US MSI 31.18 $6,851.29
NAVIENT CORP 6.75000 06/25/2025 US 56,509.21 $57,036.72
NETAPP INC US NTAP 55.95 $4,025.55
USRE 2021-1 A1 1.91000 10/20/2061 US 146,942.2 $131,072.82
NRZT 2014-3A AFX3 3.75000 11/25/2054 US 29,693.67 $29,166.73
NRZT 2015-2A A1 3.75000 08/25/2055 US 48,922.62 $47,661.51
NRZT 2016-4A A1 3.75000 11/25/2056 US 94,333.97 $92,189.54
KEYENCE CORP JP 6861 JP 98.5 $39,160.23
NEW YORK CITY NY TRANSITIONALFIN 1.58000 05/01/2024 US 50,381.73 $48,908.26
NEWCASTLE COAL INFRASTRU 4.40000 09/29/2027 AU 99,248.58 $90,215.04
NEWMONT GOLDCORP CORP US NEM 2,514.58 $170,614.56
NEXPOINT RESIDENTIAL US NXRT 213.45 $15,684.29
NORFOLK SOUTHN CORP US NSC 1,164.81 $279,157.62
NIKON CORP JP 7731 JP 3,801.02 $47,164.20
NORTHROP GRUMMAN CORP US NOC 661.54 $309,581.74
NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 CA 50,792.9 $5.08
NOVARTIS AG- REG CH NVS 6,975.23 $634,327.57
NUCOR CORP US NUE 48.75 $6,457.55
NVIDIA CORP US NVDA 265.48 $49,569.95
OKTA INC US OKTA 731.93 $60,786.85
OMNICOM GROUP US OMC 54.43 $4,060.82
SONY CORP FIRST SECTION JP 6758 JP 422.4 $39,616.73
OWL ROCK TECHNOLOGY 3.75000 06/17/2026 US 95,207.9 $88,657.40
OXFIN 2020-1A A2 3.10100 02/15/2028 US 114,797.12 $114,135.02
OXFIN 2022-1A 3.60200 02/15/2030 US 116,953.99 $111,323.85
PMTLT 2013-J1 a9 3.50000 09/25/2043 US 21,245.13 $20,198.01
PPG INDUSTRIES INC US PPG 33.39 $4,223.36
PACKAGING CORP OF AMERICA US PKG 24.03 $3,778.68
PARKER HANNIFIN CORP US PH 18.56 $5,050.69
DEUTSCHE BOERSE AG DE DB1 GR 1,110.52 $186,638.08
PAYPAL HOLDINGS INC US PYPL 7,135.73 $608,035.32
PEAR 2021-1 A MTGE 2.60000 01/15/2034 US 155,433.92 $149,579.18
NESTLE SA-REGISTERED CH NESN SW 4,691.04 $573,795.29
PFIZER INC US PFE 382.63 $20,294.53
PIONEER NATURAL RESOURCES CO US PXD 29.13 $8,095.53
POPULAR INC 6.12500 09/14/2023 PR 49,656.75 $50,218.78
PROCTER & GAMBLE CO US PG 207.15 $30,633.77
PROLOGIS US PLD 1,105.12 $140,880.93
PFMT 2021 -INV1 A1 2.50000 08/25/2051 US 121,335.06 $106,579.98
PFMT 2021-2 A2A 2.00000 04/25/2051 US 74,383.59 $67,385.27
PUBLIC STORAGE INC US PSA 200.75 $66,376.69
QUALCOMM INC US QCOM 134.78 $19,303.14
QUALCOMM INC 4.25000 05/20/2032 US 17,683.76 $18,362.25
QUEST DIAGNOSTICS INC US DGX 31.03 $4,376.38
RCKT 2021-6 A1 2.50000 12/25/2051 US 131,608.05 $115,441.07
RADIUS GLOBAL INFRASTRUCTURE US RADI 3,689.82 $54,978.34
RAILWORKS HOLDINGS LP/R 8.25000 11/15/2028 US 56,159.86 $54,345.81
REGIONS FINANCIAL CORP. US RF 222.48 $4,914.67
REPUBLIC SERVICES INC US RSG 56.01 $7,495.83
RESTAURANT BRANDS INTERN CA QSR 400.4 $21,025.16
REXFORD INDUSTRIAL REALITY IN US REXR 682.47 $43,589.53
GETINGE AB-B SHS SE GETIB SS 1,417.94 $41,150.43
ROSS STORES INC US ROST 48.54 $4,127.06
HEINEKEN NV NL HEIA NA 325.15 $32,694.33
RYANAIR HOLDINGS - ADR IE RYAAY 3,547.77 $309,365.62
S&P GLOBAL INC US SPGI 691.36 $241,615.51
SBA COMMUNICATIONS CORP US SBAC 2,340.19 $787,731.70
NAVIENT CORP 5.50000 01/25/2023 US 23,771.06 $23,871.00
SLAM 2021-1A A MTGE 2.43400 06/15/2046 US 101,771.57 $87,776.61
SMB 2020-A A2A MTGE 2.23000 09/15/2037 US 100,672.58 $96,115.85
SMB 2020-BA A1A 1.29000 07/15/2053 US 98,105.55 $91,469.86
SALESFORCE INC US CRM 3,221.85 $516,269.93
SEA LTD - ADR SG SE 5,249.35 $433,911.00
SEAGEN INC US SGEN 4,110.18 $557,668.95
SEMT 2013-6 A2 3.00000 05/25/2043 US 36,644.61 $34,317.49
SEMT 2013-7 A2 3.00000 06/25/2043 US 15,857.81 $14,859.03
SEMT 2013-8 A1 3.00000 06/25/2043 US 18,715.55 $17,578.26
SEMT 2013-2 1.87400 02/25/2043 US 15,798.49 $14,308.05
SERVICENOW INC US NOW 1,425.32 $666,293.01
SHOPIFY INC CA SHOP 43.53 $16,330.55
SIMON PROPERTY GROUP LP 2.65000 02/01/2032 US 296,546.22 $256,107.82
SKYWORKS SOLUTIONS INC US SWKS 28.82 $3,137.35
JM SMUCKER CO/THE-NEW COM WI US SJM 27.59 $3,458.50
SNOWFLAKE INC-CLASS A US SNOW 507.35 $64,762.85
SOFI 2017-F A2FX 2.84000 01/25/2041 US 7,417.76 $7,325.35
SOFI 2018-B A2FX MTGE 3.34000 08/25/2047 US 34,375.11 $34,140.69
SOFI 2020-A A2FX MTGE 2.54000 05/15/2046 US 64,101.43 $62,523.14
SONY CORP SPONSORED ADR JP SONY 4,096.25 $385,334.06
SOUTH CAROLINA ST PUBLIC SVC 2.32900 12/01/2028 US 232,108.69 $208,971.33
SOUTHWEST AIRLINES CO 5.25000 05/04/2025 US 154,739.13 $161,525.16
SOUTHWEST AIRLINES CO 5.12500 06/15/2027 US 16,357.48 $17,055.00
STANLEY BLACK & DECKER INC US SWK 27.13 $3,220.25
SRPT 2014-STAR A FLTG RATE 2.34500 11/15/2027 US 159,478.75 $109,624.97
STEEL DYNAMICS INC US STLD 49.22 $4,202.24
SUN COMMUNITIES US SUI 332.09 $54,506.08
SYNCHRONOSS TECH US 2,109.29 $46,784.11
SYNERGY ONE LENDING 5.50000 10/14/2026 US 55,717.77 $49,700.55
TJX COMPANIES INC US TJX 124.55 $7,917.35
TACORA RESOURCES INC 8.25000 05/15/2026 CA 23,771.06 $22,680.11
TAIWAN SEMICONDUCTOR - SP ADR TW TSM 3,894.43 $371,138.84
TARGET CORP US TGT 47.79 $7,735.45
TENCENT HOLDINGS 3.97500 04/11/2029 KY 378,874.66 $365,060.89
TERRENO REALTY CORP US TRNO 380.97 $23,128.81
TEXAS INSTRUMENTS INC US TXN 80.9 $14,299.20
THERMO FISHER SCIENTIFIC INC US TMO 610.78 $346,662.24
3M CO US MMM 84.62 $12,632.21
TPMT 2016-5 A1 2.50000 10/25/2056 US 49,134.55 $48,920.01
TPMT 2017-1 A1 2.75000 10/25/2056 US 25,939.21 $25,837.10
TPMT 2019-HY1 A1 2.00571 10/25/2048 US 43,796.05 $43,360.03
TRACTOR SUPPLY COMPANY US TSCO 17.69 $3,314.79
TRAVELLERS COS INC US TRV 42.8 $7,663.51
TAH 2017-SFR2 A 2.92800 01/17/2036 US 84,723.62 $83,749.76
TCF 2021-1A 1.86000 03/20/2046 US 105,356.06 $92,440.85
TYSON FOODS INC -CL A US TSN 68.86 $6,170.13
UDR INC US UDR 822.28 $39,305.20
U.S. BANCORP US USB 220.9 $11,723.42
UBISOFT ENTERTAIN-UNSPON ADR FR UBSFY 8,712.39 $92,002.84
UNILEVER PLC - ADR GB UL 13,443.09 $649,704.43
UNION PAC CORP US UNP 76.5 $16,812.13
UNITED AIR 2019-2 B PTT 3.50000 05/01/2028 US 48,565.25 $43,714.50
UNITED AIR 2018-1 B PTT 4.60000 03/01/2026 US 7,990.65 $7,485.38
UNITED MEXICAN STATES 4.12500 01/21/2026 MX 23,990.56 $24,357.42
UNITED PARCEL SERVICE US UPS 1,411.98 $257,333.05
US TREASURY N/BB 3.87500 08/15/2040 US 745,506.73 $816,795.81
US TREASURY N/B 2.50000 02/15/2045 US 418,035.55 $361,927.34
US TREASURY N/B 3.00000 05/15/2047 US 876,327.61 $835,386.68
US TREASURY N/B 2.00000 02/15/2050 US 558,794.58 $440,836.54
US TREASURY N/B 2.87500 05/15/2028 US 2,374,114.64 $2,373,372.73
US TREASURY N/B 1.62500 05/15/2026 US 785,690.92 $751,132.80
UNITED STATES TREAS NTS 1.75000 05/15/2023 US 117,154.9 $116,729.30
US TREASURY N/B 2.50000 05/15/2024 US 725,114.75 $725,029.78
US TREASURY N/B 2.37500 05/15/2027 US 815,079.36 $797,440.54
UNITED STATES TREAS NTS 2.12500 05/15/2025 US 792,288.33 $778,918.46
US TREASURY N/B 1.62500 05/15/2031 US 508,088.25 $459,502.31
UNITEDHEALTH GROUP INC US UNH 168.66 $83,786.34
UNIVERSAL DISPLAY CORP US OLED 1,000.9 $126,423.77
VF CORP US VFC 67.3 $3,395.74
VENTAS INC US VTR 400.16 $22,705.05
VERTEX PHARMACEUTICALS INC US VRTX 2,027.64 $544,724.51
PARAMOUNT GLOBAL CLASS B US PARA 110.49 $3,793.14
VISA INC - CLASS A SHARES US V 4,099.07 $869,700.68
VISTRA OPERATIONS CO LLC 3.55000 07/15/2024 US 41,763.98 $40,995.21
VISTRA OPERATIONS 4.87500 05/13/2024 US 147,579.05 $148,139.63
WAL MART STORES US WMT 230.46 $29,643.78
WALGREENS BOOTS ALLIANCE INC US WBA 124.9 $5,474.31
WARRIOR MET COAL INC 7.87500 12/01/2028 US 22,350.48 $22,670.11
WASTE MANAGEMENT INC US WM 62.56 $9,916.34
WELLTOWER INC. US WELL 462.2 $41,177.82
WIN 2015-1 A1 3.50000 01/20/2045 US 9,450.33 $9,035.16
ZOETIS INC US ZTS 774.82 $132,440.77
BNY MELLON CASH RESERVE EOD FUND US 53.66 $53.66
ADMIRAL GROUP PLC GB ADM LN 1,769.81 $49,550.01
GRUPO AEROPORTUARIO DEL CENT MX OMAB MM 2,011 $14,491.52
UBISOFT ENTERTAINMENT FR UBI FP 746.42 $39,241.85
DANONE FR BN FP 366.26 $21,549.60
AIR LIQUIDE FR AI FP 405.05 $70,951.69
CANADIAN GOVERNMENT FLT 2.75000 06/01/2022 CA 63,574.99 $50,262.87
MEX BONOS DESARR FIX RT 6.50000 06/09/2022 MX 371,853.72 $18,891.75
BRENNTAG AG DE BNR GR 1,583.14 $122,497.63
MEX BONOS DESARR FIX RT 7.75000 05/29/2031 MX 179,929.22 $8,651.01
KEYWORDS STUDIOS PLC IE KWS LN 357.7 $10,569.11
S4 CAPITAL PLC GB SFOR LN 7,370.06 $26,359.63
HELIOS TOWERS PLC GB HTWS LN 9,948.94 $14,254.25
AVANZA BANK HOLDING AB SE AZA SS 1,333.45 $32,125.74
AMERICAN TANKER INC 7.75000 07/02/2025 US 53,097.67 $50,442.78
SOFTWAREONE HOLDING AG CH SWON SW 2,396.34 $32,004.94
FLAGSHIP COMMUNITIES REIT UT US MHC/U CN 1,172.95 $20,737.76
SEASPAN CORP 6.50000 02/05/2024 MH 32,832.44 $32,749.87
PETROTAL CORP 12.00000 02/16/2024 CA 41,518.51 $42,764.07
FINECOBANK SPA IT FBK IM 4,366.26 $61,872.54
ALLFUNDS GROUP PLC GB ALLFG NA 2,546.51 $23,227.99
COPPER MOUNTAIN MINING C 8.00000 04/09/2026 CA 38,878.93 $38,854.54
AIRSWIFT GLOBAL AS FLT 10.38899 05/12/2025 NO 56,823 $56,917.52
KENT GLOBAL PLC 10.00000 06/28/2026 GB 23,613.39 $23,377.26
ROTORK PLC GB ROR LN 8,952.04 $31,505.89
AUTO TRADER GROUP PLC GB AUTO LN 7,438.25 $55,334.41
CELLNEX TELECOM SA ES CLNX SM 314.25 $14,181.76
ASSA ABLOY AB-B SE ASSAB SS 1,932.42 $47,636.35
CLEANAWAY WASTE MANAGEMENT AU CWY AU 18,831.16 $40,357.14
INTERMEDIATE CAPITAL GROUP GB ICP LN 1,865.98 $37,047.56
ADYEN NV NL ADYEN NA 33 $51,110.76
BANK OF N.T. BUTTERFIELD&SON BM NTB 633.83 $20,016.40
BUNGE LIMITED US BG 35.35 $4,182.16
EATON CORP PLC US ETN 67.93 $9,414.68
JOHNSON CONTROLS INTERNATIONAL US JCI 124.33 $6,777.29
MEDTRONIC INC IE MDT 5,798 $580,669.76
ROYALTY PHARMA PLC- CL A US RPRX 93.93 $3,864.21
STONECO LTD-A BR STNE 2,209.29 $22,181.23
TRANE TECHNOLOGIES IE TT 32.6 $4,500.71
ALCON INC CH ALC 4,394.5 $328,401.32
CHUBB LTD CH CB 60.06 $12,689.98
GARMIN LTD CH GRMN 44.58 $4,708.94
TE CONNECTIVITY LIMITED CH TEL 44.53 $5,761.34
LYONDELLBASELL INDU-CL A US LYB 47.19 $5,390.93
PLAYA HOTELS AND RESORTS US PLYA 1,633.91 $14,116.94
US DOLLAR US 2,511,739.08 $2,511,739.08
NAVIGATOR HOLDINGS LTD 8.00000 09/10/2025 MH 2,210.47 $2,233.74
BROOGE PETROLEUM AND GAS 8.50000 09/24/2025 AE 27,066.22 $27,041.48

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

$20.56

Daily $ Change

$0.23

Daily % Change

1.12%

as of 06/23/2022

CUSIP

302027594

Inception Date

08/17/2012

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 05/31/2022

YTD

-11.98%

1 Year

-7.54%

3 Year

9.54%

5 Year

8.04%

10 Year

8.79%

Inception
(01/01/2000)

6.87%

Performance through the inception date of the Retirement Target CIT Class S units is based on historical performance of the CIT's oldest unit class. Performance through the inception date of the oldest unit class (08/03/2012) is not the past performance of the Retirement Target CIT Fund and is based on historical performance data of the Manning & Napier Pro-Mix® CIT Fund(s) that would have been held according to the Retirement Target CIT Fund’s glide path. Returns are net of the Class S 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 0.91%
Net 0.89%*

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

Top Ten Investments

As of 05/31/2022

TREASURY NOTES 13.27%
TREASURY BONDS 3.19%
GOVERNMENT AGENCY 3.17%
AMAZON.COM INC 2.85%
MICROSOFT CORP 2.18%
MASTERCARD INC-CLASS A 1.86%
JOHNSON & JOHNSON 1.82%
VISA INC - CLASS A SHARES 1.69%
META PLATFORMS INC 1.59%
SBA COMMUNICATIONS CORP 1.53%

This investment list is unaudited and excludes cash.

Asset Allocation

As of 05/31/2022

Stocks
61.10%
Bonds
34.24%
Cash
4.66%

Detailed Asset Class Allocation

As of 05/31/2022

International Equities
16.66%
Small Capitalization
1.19%
Mid Capitalization
4.69%
Large Capitalization
38.56%
Long Term Fixed Income
10.99%
Intermediate Term Fixed Income
18.51%
Short Term Fixed Income
4.74%
Cash
4.66%

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

May Fund Holdings

As of 05/31/2022

Security Description Country Ticker Shares/Par Market Value (USD)
ABBOTT LABORATORIES US ABT 138.49 $16,267.45
ACCOR SA-SPONSORED ADR FR ACCYY 11,529.46 $77,132.07
ACTIVISION INC US ATVI 3,616.32 $281,639.29
ADIDAS AG-SPONSORED ADR DE ADDYY 2,316.21 $229,628.76
AERCAP IRELAND CAP/GLOBA 3.00000 10/29/2028 IE 97,606.96 $85,597.15
ADYEN NV UNSPON ADR NL ADYEY 20,525.84 $317,739.94
AGREE REALTY CORP US ADC 207.92 $14,465.31
AIR LIQUIDE-ADR FR AIQUY 12,853.79 $448,725.88
AIR LEASE CORP 3.62500 04/01/2027 US 94,008.38 $89,401.56
ALASKA AIR 2020-1 CL B 8.00000 08/15/2025 US 16,953.69 $17,786.77
ALIBABA GROUP HOLDING 4.00000 12/06/2037 KY 188,712.35 $164,301.16
ALIBAB GROUP HOLDINGS 2.12500 02/09/2031 KY 60,233 $50,104.54
ALIGN TECHNOLOGY INC US ALGN 402.53 $111,757.47
ALLSTATE CORPORATION US ALL 52.75 $7,210.08
ALPHABET INC-CL A US GOOGL 231.86 $527,539.49
AMAZON.COM INC US AMZN 608.06 $1,461,900.48
AMAZON.COM INC 3.30000 04/13/2027 US 187,386.07 $187,213.44
DIAGEO PLC GB DGE LN 6,422.97 $298,419.23
AMERICAN HOMES 4 RENT- A US AMH 740.6 $27,372.70
AMERICAN TOWER REIT INC US AMT 110.81 $28,380.84
ANALOG DEVICES INC US ADI 78.77 $13,264.56
APPLE HOSPITALITY REIT INC US APLE 2,524.33 $42,181.51
ARBOR REALTY TRUST INC 8.00000 04/30/2023 US 15,405.28 $15,584.00
ARCHER-DANIELS-MIDLAND CO US ADM 91.28 $8,289.75
ARGO BLOCKCHAIN PLC GB 159.15 $3,337.46
ASHTEAD CAPITAL INC 4.00000 05/01/2028 US 80,813.57 $76,845.74
AUTOMATIC DATA PROCESSING US ADP 54.48 $12,146.71
AVALONBAY COMMUNITIES INC US AVB 175.9 $36,580.41
AVALON HOLDINGS FNDG LTD 2.75000 02/21/2028 KY 251,025.98 $217,522.86
BNSF FUNDING TRUST I 6.61300 12/15/2055 US 74,120.33 $75,037.15
BANK OF AMERICA CORP 2.68700 04/22/2032 US 156,260.17 $136,713.76
BARRICK GOLD CORP CA GOLD 8,308.34 $170,237.94
BAXTER INTERNATIONAL INC US BAX 70.4 $5,353.61
BEST BUY INC US BBY 49.79 $4,086.00
BIOMARIN PHARMACEUTICAL INC US BMRN 6,807.27 $511,429.83
BLACKROCK INC US BLK 488.56 $326,883.24
BLACKSTONE PRIVATE CRE 2.62500 12/15/2026 US 98,049.05 $85,306.17
BLACKSTONE SECURED LEND 2.75000 09/16/2026 US 98,049.05 $89,199.50
DECHRA PHARMACEUTICALS PLC GB DPH LN 910.37 $41,728.89
BOSTON SCIENTIFIC CORP US BSX 1,905.87 $78,159.61
BRANDYWINE REALTY TRUST US BDN 1,255.6 $13,999.98
BABS 2021-RM2 A 1.75000 10/25/2061 US 81,313.28 $73,571.03
BRISTOL MYERS SQUIBB CO US BMY 242.06 $18,263.20
BROADRIDGE FINANCIAL SOLUTIONS US BR 27.16 $3,970.89
JONAH ENERGY PARENT LLC US 645.2 $34,621.52
CBOE GLOBAL MARKETS INC US CBOE 623.79 $70,058.37
CDW CORP/DE US CDW 402.7 $68,403.20
SORT 2020-1 A1 MTGE 1.69000 07/15/2060 US 82,812.74 $75,974.92
SORT 2020-1 A2 1.99000 07/15/2060 US 67,751.71 $59,492.35
C.H. ROBINSON WORLDWIDE INC US CHRW 34.57 $3,751.15
CIM 2019-INV1 A1 4.00000 02/25/2049 US 4,702.48 $4,697.01
CSMC 2013-IVR3 A1 2.50000 05/25/2043 US 24,755.61 $23,226.52
COTERRA ENERGY INC US CTRA 133.04 $4,567.16
CAMDEN PROPERTY TRUST US CPT 169.27 $24,287.90
CAMECO CORP CA CCJ 604.05 $14,780.99
CAMPBELL SOUP CO US CPB 77.68 $3,721.45
CANADIAN NATIONAL RAILWAY CO CA CNI 4,287.18 $487,795.73
CARETRUST REIT INC US CTRE 838.33 $15,534.33
CATERPILLAR INC US CAT 71.03 $15,331.16
CENOVUS ENERGY INC 6.75000 11/15/2039 CA 214,659.88 $241,901.33
CENTURYLINK INC 7.50000 04/01/2024 US 48,236.18 $49,901.27
CHARTER COMMUNICATIONS INC-A US CHTR 1,039.34 $526,872.77
CHEVRON CORP US CVX 131.66 $22,995.94
CINCINNATI FINANCIAL CORP US CINF 37.2 $4,756.73
CISCO SYSTEMS INC US CSCO 447.76 $20,171.71
CITIGROUP INC US C 273.82 $14,624.53
CITIGROUP INC 1.46200 06/09/2027 US 149,378.35 $134,555.89
CLARK CNTY NV 1.51000 11/01/2028 US 15,473.29 $13,612.47
COCA COLA CO/THE US KO 9,802.71 $621,295.68
COGNEX CORP US CGNX 1,093.08 $52,926.80
COLGATE-PALMOLIVE CO US CL 126.88 $9,999.08
COMCAST CORP-CL A US CMCSA 482.59 $21,369.12
COMMUNITY HEALTHCARE TRUST I US CHCT 436.79 $16,458.08
CONAGRA BRAND INC. US CAG 115.25 $3,790.62
CONOCOPHILLIPS US COP 120.78 $13,571.03
CONSTELLATION BRANDS INC-A US STZ 958.86 $235,370.78
CONTROLADORA VUELA CIA DE AV MX VLRS 1,048.09 $16,329.27
COPART INC US CPRT 2,149.76 $246,212.27
COUSINS PROPERTIES INC US CUZ 1,034.04 $35,725.92
CAALT 2020-1A 2.01000 02/15/2029 US 66,411.49 $66,291.22
CROWN CASTLE INTL CORP 3.10000 11/15/2029 US 114,211.77 $103,867.76
CSMC 2013-TH1 A1 2.13000 02/25/2043 US 14,068.5 $12,824.65
CUMMINS INC US CMI 29.63 $6,196.65
KIMBERLY CLARK DE MEXICO S.A.B. MX 23,726.05 $36,709.34
DEVON ENERGY CORPORATION US DVN 90.44 $6,774.19
DIAMONDBACK ENERGY INC US FANG 28.24 $4,293.46
DIGITAL REALTY TRUST INC US DLR 318.85 $44,508.40
WALT DISNEY CO/THE US DIS 635.91 $70,229.68
DOLLAR GENERAL CORP US DG 1,710.95 $376,991.28
DOLLAR TREE STORES INC US DLTR 2,424.68 $388,748.40
DOMINO'S PIZZA US DPZ 258.58 $93,908.78
DOUBLEVERIFY HOLDINGS INC US DV 4,889.43 $108,789.74
DOW INC US DOW 95.6 $6,498.57
DUKE RLTY INVTS INC US DRE 721.42 $38,112.40
EOG RESOURCES INC US EOG 65.67 $8,993.63
EAST WEST BANCORP INC US EWBC 1,491.05 $109,651.84
EASTMAN CHEM CO US EMN 33.81 $3,724.03
EBAY INC US EBAY 85.35 $4,154.19
ECO MATERIAL TECH INC 7.87500 01/31/2027 US 23,171.3 $21,957.34
ELECTRONIC ARTS US EA 2,697.38 $373,991.78
EMERSON ELEC CO US EMR 98.97 $8,774.44
ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 US 213,460.35 $223,223.35
EQUINIX INC US EQIX 691.86 $475,371.93
EQUITY LIFESTYLE PROPERTIES US ELS 638.03 $48,298.89
ESSEX PROPERTY TRUST INC US ESS 108.4 $30,769.58
EXPEDIA INC US EXPE 659.52 $85,295.18
EXPEDIA GROUP INC 3.25000 02/15/2030 US 92,808.85 $82,065.47
EXTRA SPACE STORAGE INC US EXR 158.39 $28,224.54
FMC CORP US FMC 5,077.88 $622,446.84
FS ENERGY & POWER FUND 7.50000 08/15/2023 US 58,371.88 $59,451.63
FREMF 2015-K43 B FLT 3.73230 02/25/2048 US 251,900.91 $247,589.70
FREMF 2013-K28 X2A 0.10000 06/25/2046 US 15,449,096.55 $7,285.95
META PLATFORMS INC US FB 4,230.14 $819,123.61
FHLM POOL G05906 6.00000 04/01/2040 US 7,685.81 $8,492.62
FHLM POOL G13331 5.50000 10/01/2023 US 50.56 $51.40
FHLM POOL G12988 6.00000 01/01/2023 US 26.28 $26.35
FHLM POOL G13078 6.00000 03/01/2023 US 38.88 $39.02
FHLM GOLD POOL FG G08786 4.50000 10/01/2047 US 39,813.63 $41,020.14
FHLM POOL C91780 4.50000 07/01/2034 US 50,563.46 $52,736.52
FEDERAL NATL MTG ASSN SD8044 3.00000 02/01/2050 US 167,619.6 $161,269.30
FHLM POOL SD8230 4.50000 06/01/2052 US 110,356.59 $112,460.44
FHLM POOL K91364 4.50000 11/01/2033 US 6,033.68 $6,303.05
FHLM POOL K92059 4.50000 09/01/2034 US 39,457.47 $41,083.65
FNA 2017-M15 A1 FLT 2.95843 09/25/2027 US 76,776.02 $76,590.87
FNR 2018-31 KP 3.50000 07/25/2047 US 3,877.1 $3,900.22
FHMS K030 X1 FLT 0.14558 04/25/2023 US 4,908,819.95 $5,708.61
FHMS K032 X1 FLT 0.06799 05/25/2023 US 3,228,123.74 $2,767.34
FEDERAL NATL MTG ASSN AH9054 4.50000 04/01/2041 US 10,026.55 $10,463.66
FEDERAL NATL MTG ASSN AL8674 FLT 5.65900 01/01/2049 US 181,406.49 $198,328.48
FEDERAL NATL MTG ASSN BK0433 3.50000 12/01/2049 US 115,555.74 $114,431.76
FEDERAL NATL MTG ASSN FN FS1179 3.50000 12/01/2049 US 162,335.3 $161,438.99
FEDERAL NATL MTG ASSN 888810 5.50000 11/01/2022 US 4.67 $4.67
FEDERAL NATL MTG ASSN MA1903 4.50000 05/01/2034 US 37,875.04 $39,306.34
FEDERAL NATL MTG ASSN FN MA3412 3.50000 07/01/2038 US 15,261.8 $15,271.07
FEDERAL NATL MTG FN MA4203 2.50000 12/01/2040 US 176,085.84 $165,632.11
FEDERAL NATL MTG ASSN MA4600 3.50000 05/01/2052 US 168,003.69 $164,813.92
FEDERAL NATL MTG ASSN MA4644 4.00000 05/01/2052 US 166,974.72 $167,191.33
FEDERAL NATL MTG ASSN FN MA4687 4.00000 06/01/2042 US 165,534.88 $167,537.03
FEDERAL NATL MTG ASSN AD0220 6.00000 10/01/2038 US 2,616.22 $2,888.96
FEDERAL NATL MTG ASSN AD0462 5.50000 10/01/2024 US 285.45 $294.29
FEDEX CORPORATION US FDX 1,108.03 $248,842.28
FIFTH THIRD BANCORP US FITB 143.51 $5,658.72
FLX 2021-1A A2 3.25000 11/27/2051 US 137,945.73 $127,815.63
FONTAINEBLEAU MIAMI BEACH TRUST 3.14400 12/10/2036 US 116,354.23 $112,125.43
FORD MOTOR CREDIT 3.08700 01/09/2023 US 23,990.56 $23,968.52
FREMF 2015-K720 B FLT 3.45856 07/25/2022 US 71,901.03 $71,891.32
GSMBS 2021-PJ9 A8 2.50000 02/26/2052 US 64,181.78 $59,524.23
GSMBS 2021-INV1 A6 2.50000 12/25/2051 US 80,832.48 $75,325.89
GENERAL DYNAMICS CORP US GD 43.11 $9,695.05
GENERAL MLS INC US GIS 107.05 $7,477.39
GENUINE PARTS CO US GPC 33.57 $4,589.45
GETTY REALTY CORP US GTY 565.27 $15,793.66
GILEAD SCIENCES INC US GILD 190.31 $12,341.41
GNR 2017-54 AH MTGE 2.60000 12/16/2056 US 47,473.42 $46,235.40
GRAPHIC PACKAGING HOLDING CO US GPK 20,758.13 $462,075.96
GREENIDGE GEN HLD INC US 1,061.95 $21,154.11
GRUPO AEROPORTUARIO CEN-ADR MX OMAB 739.23 $42,697.65
GRUPO AEROPORTUARIO PAC-ADR MX PAC 387.27 $58,237.99
GRUPO AEROPORTUARIO DEL SURESTE MX ASR 267.02 $58,020.20
AIRBUS SE FR AIR FP 239.53 $28,072.34
ADIDAS AG DE ADS GR 546.1 $108,492.56
HCA INC 4.12500 06/15/2029 US 134,730.5 $131,152.90
L'OREAL FR OR FP 31.24 $11,032.68
HAWAII ST 2.68200 10/01/2038 US 11,995.28 $9,498.86
HEALTHCARE REALTY TRUST INC US HR 723.66 $21,036.72
HEALTHCARE TRUST OF AMERICA US HTA 496.38 $14,916.25
HEINEKEN NV-SPN ADR NL HEINY 5,831.76 $294,153.88
HESKA CORP US HSKA 684.18 $68,274.78
HOME DEPOT INC US HD 94.38 $28,574.47
HONEYWELL INTERNATIONAL INC US HON 86.27 $16,703.57
HWIRE 2021-1 A2 2.31100 11/20/2051 US 129,549.04 $116,312.78
HUMANA INC US HUM 169.68 $77,071.78
IDEXX LABORATORIES INC US IDXX 852.89 $334,007.71
KERRY GROUP PLC-A IE KYGA ID 189.71 $19,633.10
ILLINOIS TOOL WKS INC US ITW 50.08 $10,419.56
IMPRL 2021-NQM3 1.59500 11/25/2056 US 76,710.03 $72,823.89
INDEPENDENCE REALTY TRUST IN US IRT 749.08 $17,610.79
INSPERITY INC US NSP 1,082.69 $108,344.60
INTEL CORP US INTC 463.49 $20,588.39
INTERCONTINENTALEXCHANGE INC US ICE 5,074.32 $519,559.20
INTERNATIONAL FLVRS & FRAGRANCES US IFF 49.75 $6,575.31
INTUITIVE SURGICAL INC US ISRG 206.59 $47,028.26
INVITATION HOMES INC US INVH 1,197.92 $45,185.59
ITALY GOV'T INT BOND 2.37500 10/17/2024 IT 28,788.68 $28,158.90
JP MORGAN CHASE & CO US JPM 1,070.9 $141,605.07
JPMMT 2014-2 1A1 3.00000 06/25/2029 US 32,464.1 $31,419.15
JPMORGAN CHASE & CO 4.49300 03/24/2031 US 222,867.99 $225,817.12
JOHNSON & JOHNSON US JNJ 5,211.99 $935,707.89
KREF 2021-FL2 A 1.95671 02/15/2039 US 124,750.93 $120,844.05
KEYCORP US KEY 165.23 $3,297.92
KROGER CO US KR 129.19 $6,843.31
L3HARRIS TECHNOLOGIES INC US LHX 1,245.41 $300,018.21
BEIERSDORF AG DE BEI GR 486.56 $50,500.89
LENNAR CORP US LEN 47.31 $3,796.25
LIFE STORAGE INC US LSI 278.23 $32,486.67
LOCKHEED MARTIN CORP US LMT 32.94 $14,497.51
LULULEMON - ADR CA LULU 1,458.72 $426,953.82
MAGALLANES INC 4.05400 03/15/2029 US 227,539.35 $218,128.28
ATOS SE FR ATO FP 1,448.48 $38,130.46
MARATHON PETROLEUM CORP US MPC 68.27 $6,949.66
MARRIOTT VACATIONS WORLD US VAC 118.22 $17,463.27
MASTERCARD INC-CLASS A US MA 2,675.37 $957,434.22
MCDONALDS CORP US MCD 57.6 $14,528.21
ACCOR SA FR AC FP 640.99 $21,091.64
MERCADOLIBRE INC AR MELI 39.08 $30,709.42
MERCK & CO INC US MRK 263.18 $24,220.13
MICROSOFT CORP US MSFT 4,116.98 $1,119,282.09
MICROCHIP TECHNOLOGY INC US MCHP 79.32 $5,762.44
MID-AMERICA APARTMENT COMM US MAA 224.26 $40,590.75
MONDELEZ INTERNATIONAL INC US MDLZ 10,966.96 $697,060.04
MOODY'S CORPORATION US MCO 1,739.61 $524,612.75
MOTOROLA SOLUTIONS INC US MSI 31.18 $6,851.29
NAVIENT CORP 6.75000 06/25/2025 US 56,509.21 $57,036.72
NETAPP INC US NTAP 55.95 $4,025.55
USRE 2021-1 A1 1.91000 10/20/2061 US 146,942.2 $131,072.82
NRZT 2014-3A AFX3 3.75000 11/25/2054 US 29,693.67 $29,166.73
NRZT 2015-2A A1 3.75000 08/25/2055 US 48,922.62 $47,661.51
NRZT 2016-4A A1 3.75000 11/25/2056 US 94,333.97 $92,189.54
KEYENCE CORP JP 6861 JP 98.5 $39,160.23
NEW YORK CITY NY TRANSITIONALFIN 1.58000 05/01/2024 US 50,381.73 $48,908.26
NEWCASTLE COAL INFRASTRU 4.40000 09/29/2027 AU 99,248.58 $90,215.04
NEWMONT GOLDCORP CORP US NEM 2,514.58 $170,614.56
NEXPOINT RESIDENTIAL US NXRT 213.45 $15,684.29
NORFOLK SOUTHN CORP US NSC 1,164.81 $279,157.62
NIKON CORP JP 7731 JP 3,801.02 $47,164.20
NORTHROP GRUMMAN CORP US NOC 661.54 $309,581.74
NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 CA 50,792.9 $5.08
NOVARTIS AG- REG CH NVS 6,975.23 $634,327.57
NUCOR CORP US NUE 48.75 $6,457.55
NVIDIA CORP US NVDA 265.48 $49,569.95
OKTA INC US OKTA 731.93 $60,786.85
OMNICOM GROUP US OMC 54.43 $4,060.82
SONY CORP FIRST SECTION JP 6758 JP 422.4 $39,616.73
OWL ROCK TECHNOLOGY 3.75000 06/17/2026 US 95,207.9 $88,657.40
OXFIN 2020-1A A2 3.10100 02/15/2028 US 114,797.12 $114,135.02
OXFIN 2022-1A 3.60200 02/15/2030 US 116,953.99 $111,323.85
PMTLT 2013-J1 a9 3.50000 09/25/2043 US 21,245.13 $20,198.01
PPG INDUSTRIES INC US PPG 33.39 $4,223.36
PACKAGING CORP OF AMERICA US PKG 24.03 $3,778.68
PARKER HANNIFIN CORP US PH 18.56 $5,050.69
DEUTSCHE BOERSE AG DE DB1 GR 1,110.52 $186,638.08
PAYPAL HOLDINGS INC US PYPL 7,135.73 $608,035.32
PEAR 2021-1 A MTGE 2.60000 01/15/2034 US 155,433.92 $149,579.18
NESTLE SA-REGISTERED CH NESN SW 4,691.04 $573,795.29
PFIZER INC US PFE 382.63 $20,294.53
PIONEER NATURAL RESOURCES CO US PXD 29.13 $8,095.53
POPULAR INC 6.12500 09/14/2023 PR 49,656.75 $50,218.78
PROCTER & GAMBLE CO US PG 207.15 $30,633.77
PROLOGIS US PLD 1,105.12 $140,880.93
PFMT 2021 -INV1 A1 2.50000 08/25/2051 US 121,335.06 $106,579.98
PFMT 2021-2 A2A 2.00000 04/25/2051 US 74,383.59 $67,385.27
PUBLIC STORAGE INC US PSA 200.75 $66,376.69
QUALCOMM INC US QCOM 134.78 $19,303.14
QUALCOMM INC 4.25000 05/20/2032 US 17,683.76 $18,362.25
QUEST DIAGNOSTICS INC US DGX 31.03 $4,376.38
RCKT 2021-6 A1 2.50000 12/25/2051 US 131,608.05 $115,441.07
RADIUS GLOBAL INFRASTRUCTURE US RADI 3,689.82 $54,978.34
RAILWORKS HOLDINGS LP/R 8.25000 11/15/2028 US 56,159.86 $54,345.81
REGIONS FINANCIAL CORP. US RF 222.48 $4,914.67
REPUBLIC SERVICES INC US RSG 56.01 $7,495.83
RESTAURANT BRANDS INTERN CA QSR 400.4 $21,025.16
REXFORD INDUSTRIAL REALITY IN US REXR 682.47 $43,589.53
GETINGE AB-B SHS SE GETIB SS 1,417.94 $41,150.43
ROSS STORES INC US ROST 48.54 $4,127.06
HEINEKEN NV NL HEIA NA 325.15 $32,694.33
RYANAIR HOLDINGS - ADR IE RYAAY 3,547.77 $309,365.62
S&P GLOBAL INC US SPGI 691.36 $241,615.51
SBA COMMUNICATIONS CORP US SBAC 2,340.19 $787,731.70
NAVIENT CORP 5.50000 01/25/2023 US 23,771.06 $23,871.00
SLAM 2021-1A A MTGE 2.43400 06/15/2046 US 101,771.57 $87,776.61
SMB 2020-A A2A MTGE 2.23000 09/15/2037 US 100,672.58 $96,115.85
SMB 2020-BA A1A 1.29000 07/15/2053 US 98,105.55 $91,469.86
SALESFORCE INC US CRM 3,221.85 $516,269.93
SEA LTD - ADR SG SE 5,249.35 $433,911.00
SEAGEN INC US SGEN 4,110.18 $557,668.95
SEMT 2013-6 A2 3.00000 05/25/2043 US 36,644.61 $34,317.49
SEMT 2013-7 A2 3.00000 06/25/2043 US 15,857.81 $14,859.03
SEMT 2013-8 A1 3.00000 06/25/2043 US 18,715.55 $17,578.26
SEMT 2013-2 1.87400 02/25/2043 US 15,798.49 $14,308.05
SERVICENOW INC US NOW 1,425.32 $666,293.01
SHOPIFY INC CA SHOP 43.53 $16,330.55
SIMON PROPERTY GROUP LP 2.65000 02/01/2032 US 296,546.22 $256,107.82
SKYWORKS SOLUTIONS INC US SWKS 28.82 $3,137.35
JM SMUCKER CO/THE-NEW COM WI US SJM 27.59 $3,458.50
SNOWFLAKE INC-CLASS A US SNOW 507.35 $64,762.85
SOFI 2017-F A2FX 2.84000 01/25/2041 US 7,417.76 $7,325.35
SOFI 2018-B A2FX MTGE 3.34000 08/25/2047 US 34,375.11 $34,140.69
SOFI 2020-A A2FX MTGE 2.54000 05/15/2046 US 64,101.43 $62,523.14
SONY CORP SPONSORED ADR JP SONY 4,096.25 $385,334.06
SOUTH CAROLINA ST PUBLIC SVC 2.32900 12/01/2028 US 232,108.69 $208,971.33
SOUTHWEST AIRLINES CO 5.25000 05/04/2025 US 154,739.13 $161,525.16
SOUTHWEST AIRLINES CO 5.12500 06/15/2027 US 16,357.48 $17,055.00
STANLEY BLACK & DECKER INC US SWK 27.13 $3,220.25
SRPT 2014-STAR A FLTG RATE 2.34500 11/15/2027 US 159,478.75 $109,624.97
STEEL DYNAMICS INC US STLD 49.22 $4,202.24
SUN COMMUNITIES US SUI 332.09 $54,506.08
SYNCHRONOSS TECH US 2,109.29 $46,784.11
SYNERGY ONE LENDING 5.50000 10/14/2026 US 55,717.77 $49,700.55
TJX COMPANIES INC US TJX 124.55 $7,917.35
TACORA RESOURCES INC 8.25000 05/15/2026 CA 23,771.06 $22,680.11
TAIWAN SEMICONDUCTOR - SP ADR TW TSM 3,894.43 $371,138.84
TARGET CORP US TGT 47.79 $7,735.45
TENCENT HOLDINGS 3.97500 04/11/2029 KY 378,874.66 $365,060.89
TERRENO REALTY CORP US TRNO 380.97 $23,128.81
TEXAS INSTRUMENTS INC US TXN 80.9 $14,299.20
THERMO FISHER SCIENTIFIC INC US TMO 610.78 $346,662.24
3M CO US MMM 84.62 $12,632.21
TPMT 2016-5 A1 2.50000 10/25/2056 US 49,134.55 $48,920.01
TPMT 2017-1 A1 2.75000 10/25/2056 US 25,939.21 $25,837.10
TPMT 2019-HY1 A1 2.00571 10/25/2048 US 43,796.05 $43,360.03
TRACTOR SUPPLY COMPANY US TSCO 17.69 $3,314.79
TRAVELLERS COS INC US TRV 42.8 $7,663.51
TAH 2017-SFR2 A 2.92800 01/17/2036 US 84,723.62 $83,749.76
TCF 2021-1A 1.86000 03/20/2046 US 105,356.06 $92,440.85
TYSON FOODS INC -CL A US TSN 68.86 $6,170.13
UDR INC US UDR 822.28 $39,305.20
U.S. BANCORP US USB 220.9 $11,723.42
UBISOFT ENTERTAIN-UNSPON ADR FR UBSFY 8,712.39 $92,002.84
UNILEVER PLC - ADR GB UL 13,443.09 $649,704.43
UNION PAC CORP US UNP 76.5 $16,812.13
UNITED AIR 2019-2 B PTT 3.50000 05/01/2028 US 48,565.25 $43,714.50
UNITED AIR 2018-1 B PTT 4.60000 03/01/2026 US 7,990.65 $7,485.38
UNITED MEXICAN STATES 4.12500 01/21/2026 MX 23,990.56 $24,357.42
UNITED PARCEL SERVICE US UPS 1,411.98 $257,333.05
US TREASURY N/BB 3.87500 08/15/2040 US 745,506.73 $816,795.81
US TREASURY N/B 2.50000 02/15/2045 US 418,035.55 $361,927.34
US TREASURY N/B 3.00000 05/15/2047 US 876,327.61 $835,386.68
US TREASURY N/B 2.00000 02/15/2050 US 558,794.58 $440,836.54
US TREASURY N/B 2.87500 05/15/2028 US 2,374,114.64 $2,373,372.73
US TREASURY N/B 1.62500 05/15/2026 US 785,690.92 $751,132.80
UNITED STATES TREAS NTS 1.75000 05/15/2023 US 117,154.9 $116,729.30
US TREASURY N/B 2.50000 05/15/2024 US 725,114.75 $725,029.78
US TREASURY N/B 2.37500 05/15/2027 US 815,079.36 $797,440.54
UNITED STATES TREAS NTS 2.12500 05/15/2025 US 792,288.33 $778,918.46
US TREASURY N/B 1.62500 05/15/2031 US 508,088.25 $459,502.31
UNITEDHEALTH GROUP INC US UNH 168.66 $83,786.34
UNIVERSAL DISPLAY CORP US OLED 1,000.9 $126,423.77
VF CORP US VFC 67.3 $3,395.74
VENTAS INC US VTR 400.16 $22,705.05
VERTEX PHARMACEUTICALS INC US VRTX 2,027.64 $544,724.51
PARAMOUNT GLOBAL CLASS B US PARA 110.49 $3,793.14
VISA INC - CLASS A SHARES US V 4,099.07 $869,700.68
VISTRA OPERATIONS CO LLC 3.55000 07/15/2024 US 41,763.98 $40,995.21
VISTRA OPERATIONS 4.87500 05/13/2024 US 147,579.05 $148,139.63
WAL MART STORES US WMT 230.46 $29,643.78
WALGREENS BOOTS ALLIANCE INC US WBA 124.9 $5,474.31
WARRIOR MET COAL INC 7.87500 12/01/2028 US 22,350.48 $22,670.11
WASTE MANAGEMENT INC US WM 62.56 $9,916.34
WELLTOWER INC. US WELL 462.2 $41,177.82
WIN 2015-1 A1 3.50000 01/20/2045 US 9,450.33 $9,035.16
ZOETIS INC US ZTS 774.82 $132,440.77
BNY MELLON CASH RESERVE EOD FUND US 53.66 $53.66
ADMIRAL GROUP PLC GB ADM LN 1,769.81 $49,550.01
GRUPO AEROPORTUARIO DEL CENT MX OMAB MM 2,011 $14,491.52
UBISOFT ENTERTAINMENT FR UBI FP 746.42 $39,241.85
DANONE FR BN FP 366.26 $21,549.60
AIR LIQUIDE FR AI FP 405.05 $70,951.69
CANADIAN GOVERNMENT FLT 2.75000 06/01/2022 CA 63,574.99 $50,262.87
MEX BONOS DESARR FIX RT 6.50000 06/09/2022 MX 371,853.72 $18,891.75
BRENNTAG AG DE BNR GR 1,583.14 $122,497.63
MEX BONOS DESARR FIX RT 7.75000 05/29/2031 MX 179,929.22 $8,651.01
KEYWORDS STUDIOS PLC IE KWS LN 357.7 $10,569.11
S4 CAPITAL PLC GB SFOR LN 7,370.06 $26,359.63
HELIOS TOWERS PLC GB HTWS LN 9,948.94 $14,254.25
AVANZA BANK HOLDING AB SE AZA SS 1,333.45 $32,125.74
AMERICAN TANKER INC 7.75000 07/02/2025 US 53,097.67 $50,442.78
SOFTWAREONE HOLDING AG CH SWON SW 2,396.34 $32,004.94
FLAGSHIP COMMUNITIES REIT UT US MHC/U CN 1,172.95 $20,737.76
SEASPAN CORP 6.50000 02/05/2024 MH 32,832.44 $32,749.87
PETROTAL CORP 12.00000 02/16/2024 CA 41,518.51 $42,764.07
FINECOBANK SPA IT FBK IM 4,366.26 $61,872.54
ALLFUNDS GROUP PLC GB ALLFG NA 2,546.51 $23,227.99
COPPER MOUNTAIN MINING C 8.00000 04/09/2026 CA 38,878.93 $38,854.54
AIRSWIFT GLOBAL AS FLT 10.38899 05/12/2025 NO 56,823 $56,917.52
KENT GLOBAL PLC 10.00000 06/28/2026 GB 23,613.39 $23,377.26
ROTORK PLC GB ROR LN 8,952.04 $31,505.89
AUTO TRADER GROUP PLC GB AUTO LN 7,438.25 $55,334.41
CELLNEX TELECOM SA ES CLNX SM 314.25 $14,181.76
ASSA ABLOY AB-B SE ASSAB SS 1,932.42 $47,636.35
CLEANAWAY WASTE MANAGEMENT AU CWY AU 18,831.16 $40,357.14
INTERMEDIATE CAPITAL GROUP GB ICP LN 1,865.98 $37,047.56
ADYEN NV NL ADYEN NA 33 $51,110.76
BANK OF N.T. BUTTERFIELD&SON BM NTB 633.83 $20,016.40
BUNGE LIMITED US BG 35.35 $4,182.16
EATON CORP PLC US ETN 67.93 $9,414.68
JOHNSON CONTROLS INTERNATIONAL US JCI 124.33 $6,777.29
MEDTRONIC INC IE MDT 5,798 $580,669.76
ROYALTY PHARMA PLC- CL A US RPRX 93.93 $3,864.21
STONECO LTD-A BR STNE 2,209.29 $22,181.23
TRANE TECHNOLOGIES IE TT 32.6 $4,500.71
ALCON INC CH ALC 4,394.5 $328,401.32
CHUBB LTD CH CB 60.06 $12,689.98
GARMIN LTD CH GRMN 44.58 $4,708.94
TE CONNECTIVITY LIMITED CH TEL 44.53 $5,761.34
LYONDELLBASELL INDU-CL A US LYB 47.19 $5,390.93
PLAYA HOTELS AND RESORTS US PLYA 1,633.91 $14,116.94
US DOLLAR US 2,511,739.08 $2,511,739.08
NAVIGATOR HOLDINGS LTD 8.00000 09/10/2025 MH 2,210.47 $2,233.74
BROOGE PETROLEUM AND GAS 8.50000 09/24/2025 AE 27,066.22 $27,041.48

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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