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 64% - 90%.

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 2040
  • Who have time to pursue growth and can accept 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

$29.91

Daily $ Change

-$0.40

Daily % Change

-1.34%

as of 09/29/2022

CUSIP

563821156

Inception Date

01/06/2005

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

Important Documents

Annual Report
Applications & Forms

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

Performance

As of 08/31/2022

YTD

-17.18%

1 Year

-16.10%

3 Year

6.60%

5 Year

7.12%

10 Year

8.19%

Inception
(01/01/2000)

6.89%

Performance through the inception date of the Retirement Target CIT Class S Units is not the past performance of the Retirement Target CIT Fund and is based on historical performance data of the Manning & Napier Pro-Mix® CIT Fund(s) that would have been held according to the Retirement Target CIT Fund’s glide path. The Retirement Target CIT Fund will gradually become more conservative over time. Returns are net of the Class S expenses. Performance data quoted represents past performance and does not guarantee future results. Performance for periods greater than one year is annualized. Your investment may fluctuate in value and there is a potential for loss as well as profit.

Expense Ratio

Gross 0.90%
Net 0.89%*

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

Top Ten Investments

As of 08/31/2022

TREASURY NOTES 7.65%
TREASURY BONDS 3.74%
AMAZON.COM INC 3.06%
MICROSOFT CORP 2.63%
MASTERCARD INC-CLASS A 2.04%
JOHNSON & JOHNSON 1.81%
COCA COLA CO/THE 1.77%
MEDTRONIC INC 1.74%
MONDELEZ INTERNATIONAL INC 1.72%
SALESFORCE INC 1.65%

This investment list is unaudited and excludes cash.

Asset Allocation

As of 08/31/2022

Stocks 76.47%
Bonds 18.50%
Cash 5.03%

Detailed Asset Class Allocation

As of 08/31/2022

International Equities 21.41%
Small Capitalization 2.11%
Mid Capitalization 6.63%
Large Capitalization 46.33%
Long Term Fixed Income 5.31%
Intermediate Term Fixed Income 10.22%
Short Term Fixed Income 2.96%
Cash 5.03%

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 226.43 $23,242.85
ACTIVISION INC US ATVI 5,521.18 $433,357.49
ADIDAS AG-SPONSORED ADR DE ADDYY 6,563.19 $486,857.47
ADMIRAL GROUP PLC GB AMIGY 14,558.93 $366,593.93
AERCAP IRELAND CAP/GLOBA 3.00000 10/29/2028 IE 38,441.16 $32,946.84
ADYEN NV UNSPON ADR NL ADYEY 36,257.13 $562,348.04
AGREE REALTY CORP US ADC 234.29 $17,647.01
AIR LIQUIDE-ADR FR AIQUY 19,229.94 $482,094.56
AIR LEASE CORP 3.62500 04/01/2027 US 71,650.74 $66,473.93
ALASKA AIR 2020-1 CL B 8.00000 08/15/2025 US 13,346.08 $13,436.92
ALIBABA GROUP HOLDING 4.00000 12/06/2037 KY 154,431.34 $129,872.97
ALIBAB GROUP HOLDINGS 2.12500 02/09/2031 KY 64,758.49 $53,965.21
ALIGN TECHNOLOGY INC US ALGN 1,582.81 $385,731.72
ALLSTATE CORPORATION US ALL 95.08 $11,456.78
ALPHABET INC-CL A US GOOGL 7,741.2 $837,752.71
AMAZON.COM INC US AMZN 17,246.67 $2,186,360.21
AMAZON.COM INC 3.30000 04/13/2027 US 149,216.14 $145,997.20
DIAGEO PLC GB DGE LN 1,708.91 $74,245.77
BAE SYSTEMS PLC GB BA/ LN 6,688.27 $60,235.27
AMERICAN HOMES 4 RENT- A US AMH 1,169.32 $41,580.86
AMERICAN TOWER REIT INC US AMT 129.92 $33,007.39
ANALOG DEVICES INC US ADI 129.61 $19,640.21
APPLE HOSPITALITY REIT INC US APLE 2,576.71 $40,995.43
ARBOR REALTY TRUST INC 8.00000 04/30/2023 US 14,406.23 $14,549.15
ARCHER-DANIELS-MIDLAND CO US ADM 149.05 $13,100.23
ARGO BLOCKCHAIN PLC GB 625.82 $11,158.45
ASHTEAD CAPITAL INC 4.00000 05/01/2028 US 65,936.52 $60,422.35
AUTOMATIC DATA PROCESSING US ADP 92.75 $22,668.83
AVALONBAY COMMUNITIES INC US AVB 198.79 $39,938.41
BAE SYSTEMS PLC -SPON ADR GB BAESY 12,399.39 $447,618.13
BNSF FUNDING TRUST I 6.61300 12/15/2055 US 66,276.02 $65,244.01
BANK OF AMERICA CORP 2.68700 04/22/2032 US 123,361.01 $102,958.75
BARRICK GOLD CORP CA GOLD 12,305.96 $182,743.49
BAXTER INTERNATIONAL INC US BAX 114.79 $6,596.10
BEST BUY INC US BBY 92.12 $6,512.23
BIOMARIN PHARMACEUTICAL INC US BMRN 5,781.24 $515,686.53
BLACKROCK INC US BLK 1,003.15 $668,488.33
BLACKSTONE SECURED LEND 2.75000 09/16/2026 US 62,109.99 $54,954.94
DECHRA PHARMACEUTICALS PLC GB DPH LN 1,240.58 $50,172.77
BOSTON SCIENTIFIC CORP US BSX 7,494.25 $302,093.02
BRANDYWINE REALTY TRUST US BDN 1,461.68 $11,737.26
BABS 2021-RM2 A 1.75000 10/25/2061 US 33,002.96 $29,311.82
BRENNTAG AG-UNSP ADR DE BNTGY 19,666 $257,428.00
BRISTOL MYERS SQUIBB CO US BMY 429.38 $28,944.79
BROADRIDGE FINANCIAL SOLUTIONS US BR 44.25 $7,573.69
JONAH ENERGY PARENT LLC US 587.41 $33,429.60
CBOE GLOBAL MARKETS INC US CBOE 2,452.88 $289,366.64
CDW CORP/DE US CDW 1,583.51 $270,305.01
SORT 2020-1 A1 MTGE 1.69000 07/15/2060 US 35,863.4 $32,590.51
SORT 2020-1 A2 1.99000 07/15/2060 US 29,279.89 $25,101.35
C.H. ROBINSON WORLDWIDE INC US CHRW 60.26 $6,879.09
CIM 2019-INV1 A1 4.00000 02/25/2049 US 1,890.47 $1,876.05
CSMC 2013-IVR3 A1 2.50000 05/25/2043 US 10,460.22 $9,716.50
CVS HEALTH CORP US CVS 4,282.72 $420,349.34
COTERRA ENERGY INC US CTRA 212.07 $6,555.06
CAMDEN PROPERTY TRUST US CPT 223.49 $28,721.23
CAMECO CORP CA CCJ 954.71 $27,829.92
CAMPBELL SOUP CO US CPB 132.17 $6,658.54
CANADIAN NATIONAL RAILWAY CO CA CNI 7,988.72 $949,939.03
CARETRUST REIT INC US CTRE 1,575.76 $33,941.78
CATERPILLAR INC US CAT 115.47 $21,328.44
CELLNEX TELECOM SAU-UNSP ADR ES CLLNY 26,713.78 $519,048.81
CENOVUS ENERGY INC 6.75000 11/15/2039 CA 149,253.77 $163,016.14
CHARTER COMMUNICATIONS INC-A US CHTR 1,809.15 $746,508.67
CHEVRON CORP US CVX 210.47 $33,267.67
CINCINNATI FINANCIAL CORP US CINF 60.66 $5,881.91
CISCO SYSTEMS INC US CSCO 730.12 $32,651.08
CITIGROUP INC US C 457.51 $22,331.25
CITIGROUP INC 1.46200 06/09/2027 US 117,286.83 $103,524.89
CLARK CNTY NV 1.51000 11/01/2028 US 60,844.02 $52,093.37
COCA COLA CO/THE US KO 20,534.7 $1,267,196.57
COGNEX CORP US CGNX 4,298.2 $180,997.01
COLGATE-PALMOLIVE CO US CL 219.91 $17,199.33
COMCAST CORP-CL A US CMCSA 766.05 $27,723.30
COMMUNITY HEALTHCARE TRUST I US CHCT 484.78 $17,883.47
CONAGRA BRAND INC. US CAG 200.72 $6,900.62
CONOCOPHILLIPS US COP 189.52 $20,743.01
CONSTELLATION BRANDS INC-A US STZ 3,770.42 $927,711.13
CONTROLADORA VUELA CIA DE AV MX VLRS 2,387.19 $21,198.23
COPART INC US CPRT 2,969.09 $355,251.49
COUSINS PROPERTIES INC US CUZ 1,075.52 $28,877.82
CAALT 2020-1A 2.01000 02/15/2029 US 12,787.9 $12,767.58
CROWN CASTLE INTL CORP 3.10000 11/15/2029 US 88,134.87 $78,024.61
CSMC 2013-TH1 A1 2.13000 02/25/2043 US 5,861.81 $5,221.47
CUMMINS INC US CMI 48.1 $10,359.94
KIMBERLY CLARK DE MEXICO S.A.B. MX 46,741.5 $63,454.20
DEUTSCHE BOERSE AG ADR DE DBOEY 24,460.34 $412,230.11
DEVON ENERGY CORPORATION US DVN 147.45 $10,413.20
DIAMONDBACK ENERGY INC US FANG 44.87 $5,980.27
DIGITAL REALTY TRUST INC US DLR 404.65 $50,027.41
DOLLAR GENERAL CORP US DG 2,133.71 $506,586.12
DOLLAR TREE STORES INC US DLTR 5,024.3 $681,697.16
DOMINO'S PIZZA US DPZ 1,016.79 $378,103.73
DOUBLEVERIFY HOLDINGS INC US DV 19,226.19 $496,997.00
DOW INC US DOW 153.86 $7,846.96
DREYFUS GVT CSH MANAGEMENT US 3,783,608.3 $3,783,608.30
DUKE RLTY INVTS INC US DRE 469.44 $27,626.36
EOG RESOURCES INC US EOG 106.42 $12,908.55
EAST WEST BANCORP INC US EWBC 5,863.1 $423,140.20
EASTMAN CHEM CO US EMN 56.51 $5,142.51
EBAY INC US EBAY 141.18 $6,230.36
ELECTRONIC ARTS US EA 5,447.3 $691,099.28
EMERSON ELEC CO US EMR 161.66 $13,214.47
ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 US 163,601.91 $165,369.37
EQUINIX INC US EQIX 1,339.07 $880,263.09
EQUITY LIFESTYLE PROPERTIES US ELS 827.49 $58,006.86
ESSEX PROPERTY TRUST INC US ESS 123.07 $32,620.22
EVERGY INC US EVRG 6,238.95 $427,554.97
EXPEDIA GROUP INC 3.25000 02/15/2030 US 71,131.27 $61,552.76
EXTRA SPACE STORAGE INC US EXR 99.8 $19,833.53
FMC CORP US FMC 6,845.88 $739,902.35
FS ENERGY & POWER FUND 7.50000 08/15/2023 US 46,525.74 $46,696.27
FREMF 2015-K43 B FLT 3.85980 02/25/2048 US 109,089.76 $105,492.90
FREMF 2013-K28 X2A 0.10000 06/25/2046 US 6,386,503.89 $1,497.06
META PLATFORMS INC US META 6,402.38 $1,043,139.30
FHLM POOL G05906 6.00000 04/01/2040 US 2,265.72 $2,433.73
FHLM POOL G13331 5.50000 10/01/2023 US 14.5 $14.59
FHLM POOL G12988 6.00000 01/01/2023 US 2.82 $2.82
FHLM POOL G13078 6.00000 03/01/2023 US 5.75 $5.75
FHLM GOLD POOL FG G08786 4.50000 10/01/2047 US 16,306.43 $16,475.17
FHLM POOL C91780 4.50000 07/01/2034 US 20,347.83 $20,877.26
FR SD1129 4.00000 08/01/2051 US 81,658.96 $80,639.13
FEDERAL NATL MTG ASSN SD8044 3.00000 02/01/2050 US 69,764.95 $65,217.99
FHLM POOL SD8230 4.50000 06/01/2052 US 46,939.5 $46,778.66
FHLM POOL K91364 4.50000 11/01/2033 US 2,563.18 $2,610.42
FHLM POOL K92059 4.50000 09/01/2034 US 16,503.97 $16,928.39
FNR 2018-31 KP 3.50000 07/25/2047 US 1,493.21 $1,476.24
FHMS K030 X1 FLT 0.25907 04/25/2023 US 2,089,512.22 $1,325.19
FHMS K032 X1 FLT 0.17942 05/25/2023 US 1,386,392.16 $708.04
FEDERAL NATL MTG ASSN AH9054 4.50000 04/01/2041 US 4,011.18 $4,102.84
FEDERAL NATL MTG ASSN AL8674 FLT 5.65900 01/01/2049 US 74,382.18 $79,252.33
FEDERAL NATL MTG ASSN BK0433 3.50000 12/01/2049 US 47,759.91 $45,999.90
FEDERAL NATL MTG ASSN FN FS1179 3.50000 12/01/2049 US 66,616.76 $64,411.49
FN DS2696 3.00000 12/01/2051 US 85,973.12 $80,307.88
FEDERAL NATL MTG ASSN 888810 5.50000 11/01/2022 US .69 $0.69
FEDERAL NATL MTG ASSN MA1903 4.50000 05/01/2034 US 15,225.42 $15,574.56
FEDERAL NATL MTG ASSN FN MA3412 3.50000 07/01/2038 US 6,278.66 $6,109.56
FEDERAL NATL MTG FN MA4203 2.50000 12/01/2040 US 73,552.43 $67,049.35
FEDERAL NATL MTG ASSN MA4600 3.50000 05/01/2052 US 71,583.76 $68,409.71
FEDERAL NATL MTG ASSN MA4644 4.00000 05/01/2052 US 71,068.05 $69,524.44
FEDERAL NATL MTG ASSN FN MA4687 4.00000 06/01/2042 US 70,866.58 $69,999.00
FN MA4733 4.50000 09/01/2052 US 80,778.37 $80,439.28
FEDERAL NATL MTG ASSN AD0220 6.00000 10/01/2038 US 1,063.72 $1,143.06
FEDERAL NATL MTG ASSN AD0462 5.50000 10/01/2024 US 98.68 $100.22
FEDEX CORPORATION US FDX 1,665.28 $351,056.78
FIFTH THIRD BANCORP US FITB 255.92 $8,739.82
FLX 2021-1A A2 3.25000 11/27/2051 US 59,739.63 $54,584.34
FONTAINEBLEAU MIAMI BEACH TRUST 3.14400 12/10/2036 US 50,389.08 $47,986.87
FORD MOTOR CREDIT 3.08700 01/09/2023 US 10,389.5 $10,308.12
GSMBS 2021-PJ9 A8 2.50000 02/26/2052 US 27,219.59 $24,612.63
GSMBS 2021-INV1 A6 2.50000 12/25/2051 US 33,908.2 $30,719.44
GENERAL DYNAMICS CORP US GD 72.98 $16,707.24
GENERAL MLS INC US GIS 184.47 $14,167.55
GENUINE PARTS CO US GPC 57.31 $8,940.99
GETTY REALTY CORP US GTY 627.36 $18,870.96
GILEAD SCIENCES INC US GILD 330.73 $20,991.34
GNR 2017-54 AH MTGE 2.60000 12/16/2056 US 16,057.39 $15,238.49
GRAPHIC PACKAGING HOLDING CO US GPK 15,491.29 $344,991.11
GREENIDGE GEN HLD INC US 985.86 $13,811.86
GRUPO AEROPORTUARIO CEN-ADR MX OMAB 2,906.78 $151,937.37
GRUPO AEROPORTUARIO PAC-ADR MX PAC 1,175.86 $167,642.17
GRUPO AEROPORTUARIO DEL SURESTE MX ASR 805.63 $170,367.37
AIRBUS SE FR AIR FP 349.23 $34,222.55
ADIDAS AG DE ADS GR 453.4 $67,231.31
HCA INC 4.12500 06/15/2029 US 101,661.67 $94,446.87
HDFC BANK LTD-ADR IN HDB 9,491.46 $579,453.46
L'OREAL FR OR FP 46.01 $15,802.83
HAWAII ST 2.68200 10/01/2038 US 5,194.75 $4,083.35
HEALTHCARE REALTY TRUST INC US HR 1,581.05 $38,451.21
HEINEKEN NV-SPN ADR NL HEINY 9,971.6 $447,924.31
HESKA CORP US HSKA 2,690.35 $245,010.07
HOME DEPOT INC US HD 161.3 $46,521.87
HONEYWELL INTERNATIONAL INC US HON 143.64 $27,197.41
HWIRE 2021-1 A2 2.31100 11/20/2051 US 56,103.31 $49,644.69
HUMANA INC US HUM 667.2 $321,442.73
IIP OPERATING PARTNER 5.50000 05/25/2026 US 47,914.41 $42,679.12
IDEXX LABORATORIES INC US IDXX 1,547.2 $537,837.77
KERRY GROUP PLC-A IE KYGA ID 287.44 $29,641.33
ILLINOIS TOOL WKS INC US ITW 82.33 $16,039.76
IMPRL 2021-NQM3 1.59500 11/25/2056 US 32,540.08 $27,772.18
INDEPENDENCE REALTY TRUST IN US IRT 700.35 $13,621.73
INSPERITY INC US NSP 4,257.34 $464,135.55
INTEL CORP US INTC 787.39 $25,133.40
INTERCONTINENTALEXCHANGE INC US ICE 6,168.92 $622,135.80
INTERNATIONAL FLVRS & FRAGRANCES US IFF 82.34 $9,097.25
INTUITIVE SURGICAL INC US ISRG 2,245.35 $461,958.43
INVITATION HOMES INC US INVH 1,480.75 $53,721.69
ITALY GOV'T INT BOND 2.37500 10/17/2024 IT 12,467.4 $11,860.24
JP MORGAN CHASE & CO US JPM 3,613.43 $410,954.99
JPMMT 2014-2 1A1 3.00000 06/25/2029 US 13,220.23 $12,618.59
JPMORGAN CHASE & CO 4.49300 03/24/2031 US 175,410.77 $170,623.52
JOHNSON & JOHNSON US JNJ 8,032.75 $1,296,004.45
KREF 2021-FL2 A 3.44971 02/15/2039 US 54,025.41 $52,429.55
KEYCORP US KEY 271.87 $4,809.37
KROGER CO US KR 227.92 $10,926.52
L3HARRIS TECHNOLOGIES INC US LHX 2,091.46 $477,249.42
BEIERSDORF AG DE BEI GR 705.27 $71,190.13
LENNAR CORP US LEN 79.91 $6,189.12
LIFE STORAGE INC US LSI 284.52 $36,205.71
LOCKHEED MARTIN CORP US LMT 57.99 $24,361.22
LULULEMON - ADR CA LULU 3,209.08 $962,594.72
MAGALLANES INC 4.05400 03/15/2029 US 172,792.94 $157,272.27
MARATHON PETROLEUM CORP US MPC 115.75 $11,661.78
MARRIOTT VACATIONS WORLD US VAC 131.17 $18,681.74
MASTERCARD INC-CLASS A US MA 4,504.5 $1,461,124.14
MCDONALDS CORP US MCD 100.13 $25,261.37
MERCADOLIBRE INC BR MELI 418.16 $357,677.16
MERCK & CO INC US MRK 468 $39,948.65
MICROSOFT CORP US MSFT 7,181.76 $1,877,814.72
MICROCHIP TECHNOLOGY INC US MCHP 131.56 $8,584.08
MID-AMERICA APARTMENT COMM US MAA 236.13 $39,120.34
MONDELEZ INTERNATIONAL INC US MDLZ 19,836.42 $1,227,080.73
MOODY'S CORPORATION US MCO 3,027.22 $861,304.12
MOTOROLA SOLUTIONS INC US MSI 51.25 $12,474.29
NAVIENT CORP 6.75000 06/25/2025 US 50,601.78 $48,851.73
NESTLE S.A. - ADR CH NSRGY 7,206.17 $843,554.76
NETAPP INC US NTAP 91.99 $6,634.95
USRE 2021-1 A1 1.91000 10/20/2061 US 63,635.7 $55,278.68
NRZT 2014-3A AFX3 3.75000 11/25/2054 US 12,174.12 $11,644.40
NRZT 2015-2A A1 3.75000 08/25/2055 US 20,171.97 $19,226.58
NRZT 2016-4A A1 3.75000 11/25/2056 US 38,479.02 $36,734.26
KEYENCE CORP JP 6861 JP 135.47 $50,866.43
NEW YORK CITY NY TRANSITIONALFIN 1.58000 05/01/2024 US 36,514.6 $35,304.22
NEWCASTLE COAL INFRASTRU 4.40000 09/29/2027 AU 75,467.04 $65,487.20
NEWMONT GOLDCORP CORP US NEM 3,730.49 $154,292.97
NIKE INC CLASS B US NKE 4,081.08 $434,430.88
NORFOLK SOUTHN CORP US NSC 1,964.91 $477,728.31
NIKON CORP JP 7731 JP 2,601.96 $29,701.91
NORTHROP GRUMMAN CORP US NOC 1,091.17 $521,566.96
NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 CA 44,427.39 $4.44
NOVARTIS AG- REG CH NVS 8,281.5 $666,826.24
NUCOR CORP US NUE 77.11 $10,251.24
NVIDIA CORP US NVDA 1,043.91 $157,567.71
OKTA INC US OKTA 2,878.1 $263,057.98
OMNICOM GROUP US OMC 86.84 $5,809.64
SONY CORP FIRST SECTION JP 6758 JP 569.66 $45,290.15
OWL ROCK TECHNOLOGY 3.75000 06/17/2026 US 72,170.22 $64,573.91
OXFIN 2020-1A A2 3.10100 02/15/2028 US 38,544.02 $38,165.13
OXFIN 2022-1A 3.60200 02/15/2030 US 50,648.82 $47,538.34
PMTLT 2013-J1 a9 3.50000 09/25/2043 US 8,909.53 $8,554.28
PPG INDUSTRIES INC US PPG 54.06 $6,864.72
PACKAGING CORP OF AMERICA US PKG 41.74 $5,715.72
PARKER HANNIFIN CORP US PH 30.16 $7,991.81
DEUTSCHE BOERSE AG DE DB1 GR 360.73 $60,990.45
PAYPAL HOLDINGS INC US PYPL 10,288.36 $961,344.61
PEAR 2021-1 A MTGE 2.60000 01/15/2034 US 62,874.14 $59,703.26
PELORUS FUND REIT 7.00000 09/30/2026 US 50,432.03 $46,954.63
NESTLE SA-REGISTERED CH NESN SW 931.44 $109,000.26
PEPSICO INC 3.90000 07/18/2032 US 130,813.63 $128,504.82
PFIZER INC US PFE 663.32 $30,001.75
PIONEER NATURAL RESOURCES CO US PXD 46.96 $11,890.21
POPULAR INC 6.12500 09/14/2023 PR 43,918.14 $44,480.56
PROCTER & GAMBLE CO US PG 358.16 $49,404.43
PROLOGIS US PLD 1,248.09 $155,400.28
PFMT 2021 -INV1 A1 2.50000 08/25/2051 US 51,671.11 $44,173.14
PFMT 2021-2 A2A 2.00000 04/25/2051 US 30,996.07 $27,085.16
PUBLIC STORAGE INC US PSA 218.89 $72,416.19
QUALCOMM INC US QCOM 223.66 $29,583.86
QUALCOMM INC 4.25000 05/20/2032 US 69,536.03 $70,362.13
QUEST DIAGNOSTICS INC US DGX 53.33 $6,683.04
RCKT 2021-6 A1 2.50000 12/25/2051 US 55,806.61 $47,596.58
RADIUS GLOBAL INFRASTRUCTURE US RADI 4,506.57 $62,055.42
REGIONS FINANCIAL CORP. US RF 366.14 $7,934.20
REPUBLIC SERVICES INC US RSG 96.15 $13,723.10
RESTAURANT BRANDS INTERN CA QSR 599.43 $35,366.35
REXFORD INDUSTRIAL REALITY IN US REXR 757.47 $47,122.43
GETINGE AB-B SHS SE GETIB SS 2,705.33 $50,106.90
ROSS STORES INC US ROST 84.97 $7,330.06
HEINEKEN NV NL HEIA NA 664.16 $59,694.10
RYANAIR HOLDINGS - ADR IE RYAAY 6,702.07 $487,307.80
S&P GLOBAL INC US SPGI 1,558 $548,695.60
SBA COMMUNICATIONS CORP US SBAC 3,444.11 $1,120,195.31
NAVIENT CORP 5.50000 01/25/2023 US 24,216.94 $24,103.68
SLAM 2021-1A A MTGE 2.43400 06/15/2046 US 43,344.48 $37,065.40
SMB 2020-A A2A MTGE 2.23000 09/15/2037 US 41,028.1 $38,035.66
SMB 2020-BA A1A 1.29000 07/15/2053 US 39,945.39 $36,209.04
SALESFORCE INC US CRM 7,552.37 $1,179,076.45
SEA LTD - ADR SG SE 8,139.56 $504,652.97
SEAGEN INC US SGEN 2,139.96 $330,174.58
SEMT 2013-6 A2 3.00000 05/25/2043 US 15,562.95 $14,548.88
SEMT 2013-7 A2 3.00000 06/25/2043 US 6,673.81 $5,984.20
SEMT 2013-8 A1 3.00000 06/25/2043 US 7,868.63 $7,373.86
SEMT 2013-2 1.87400 02/25/2043 US 6,472.81 $5,728.70
SERVICENOW INC US NOW 2,599.36 $1,129,732.48
SHOPIFY INC CA SHOP 699.5 $22,139.04
SIMON PROPERTY GROUP LP 2.65000 02/01/2032 US 225,881.65 $189,126.11
SKYWORKS SOLUTIONS INC US SWKS 46.61 $4,593.25
JM SMUCKER CO/THE-NEW COM WI US SJM 47.25 $6,614.78
SNOWFLAKE INC-CLASS A US SNOW 4,666.27 $844,361.67
SOFI 2017-F A2FX 2.84000 01/25/2041 US 2,853.17 $2,796.68
SOFI 2018-B A2FX MTGE 3.34000 08/25/2047 US 13,088.06 $12,827.90
SOFI 2020-A A2FX MTGE 2.54000 05/15/2046 US 25,843.07 $24,595.99
SONY CORP SPONSORED ADR JP SONY 8,548.33 $678,309.72
SOUTH CAROLINA ST PUBLIC SVC 2.32900 12/01/2028 US 100,518.43 $90,270.63
SOUTHWEST AIRLINES CO 5.12500 06/15/2027 US 129,255.21 $131,648.67
ONEMAIN FINANCE CORP 5.62500 03/15/2023 US 23,088.01 $22,972.73
STANLEY BLACK & DECKER INC US SWK 43.31 $3,815.39
SRPT 2014-STAR A FLTG RATE 3.86200 11/15/2027 US 69,064.86 $48,393.07
STEEL DYNAMICS INC US STLD 79.46 $6,413.82
SUN COMMUNITIES US SUI 390.28 $59,989.62
SYNCHRONOSS TECH US 1,979.31 $42,990.58
SYNERGY ONE LENDING 5.50000 10/14/2026 US 51,201.01 $44,210.59
TJX COMPANIES INC US TJX 218.61 $13,630.30
TAIWAN SEMICONDUCTOR - SP ADR TW TSM 5,660.68 $471,817.95
TARGET CORP US TGT 77.93 $12,495.47
TENCENT HOLDINGS 3.97500 04/11/2029 KY 289,380.32 $272,738.71
TERRENO REALTY CORP US TRNO 490.47 $29,914.06
TEXAS INSTRUMENTS INC US TXN 136.2 $22,501.03
THERMO FISHER SCIENTIFIC INC US TMO 1,189.12 $648,450.05
3M CO US MMM 137.97 $17,156.43
TPMT 2016-5 A1 2.50000 10/25/2056 US 16,892.26 $16,723.12
TPMT 2017-1 A1 2.75000 10/25/2056 US 8,649.71 $8,575.47
TPMT 2019-HY1 A1 3.44371 10/25/2048 US 16,927.47 $16,737.33
TRACTOR SUPPLY COMPANY US TSCO 33.51 $6,204.49
TRAVELLERS COS INC US TRV 71.03 $11,481.86
TAH 2017-SFR2 A 2.92800 01/17/2036 US 36,516.76 $35,919.51
TCF 2021-1A 1.86000 03/20/2046 US 44,549.86 $38,519.61
TYSON FOODS INC -CL A US TSN 117.23 $8,836.52
UDR INC US UDR 1,202.73 $53,966.66
U.S. BANCORP US USB 374 $17,058.23
UBISOFT ENTERTAIN-UNSPON ADR FR UBSFY 34,258.84 $314,907.21
UNILEVER PLC - ADR GB UL 19,633.04 $891,143.71
UNION PAC CORP US UNP 128.59 $28,869.21
UNITED AIR 2019-2 B PTT 3.50000 05/01/2028 US 53,922.05 $45,425.28
UNITED AIR 2018-1 B PTT 4.60000 03/01/2026 US 7,144.6 $6,660.36
UNITED MEXICAN STATES 4.12500 01/21/2026 MX 10,389.5 $10,398.68
UNITED PARCEL SERVICE US UPS 2,132.54 $414,800.25
US TREASURY N/B 3.00000 05/15/2047 US 1,868,848.63 $1,705,908.39
TREASURY BOND 2.37500 02/15/2042 US 765,446.51 $637,234.22
TREASURY BOND 2.25000 11/15/2027 US 344,931.44 $327,361.50
US TREASURY N/B 3.12500 11/15/2028 US 3,196,196.9 $3,162,986.44
US TREASURY N/B 2.00000 11/15/2026 US 345,970.4 $327,104.20
UNITED STATES TREAS NTS 1.75000 05/15/2023 US 1,670,384.2 $1,651,722.89
US TREASURY N/B 1.37500 11/15/2031 US 373,502.57 $320,920.41
UNITEDHEALTH GROUP INC US UNH 663.2 $344,419.57
UNIVERSAL DISPLAY CORP US OLED 3,935.74 $439,740.12
VF CORP US VFC 112.34 $4,656.69
VENTAS INC US VTR 451.31 $21,599.80
VERTEX PHARMACEUTICALS INC US VRTX 1,716.28 $483,577.79
PARAMOUNT GLOBAL CLASS B US PARA 185.32 $4,334.74
VISA INC - CLASS A SHARES US V 5,725.89 $1,137,791.30
VISTRA OPERATIONS CO LLC 3.55000 07/15/2024 US 32,009.07 $30,867.68
VISTRA OPERATIONS 4.87500 05/13/2024 US 116,507.62 $115,176.03
WAL MART STORES US WMT 414.72 $54,971.38
WALGREENS BOOTS ALLIANCE INC US WBA 206.4 $7,236.27
WASTE MANAGEMENT INC US WM 107.52 $18,173.32
WELLTOWER INC. US WELL 523.74 $40,144.33
WIN 2015-1 A1 3.50000 01/20/2045 US 3,900.28 $3,756.31
ZOETIS INC US ZTS 1,346.01 $210,691.66
ADMIRAL GROUP PLC GB ADM LN 3,394.38 $83,497.66
GRUPO AEROPORTUARIO DEL CENT MX OMAB MM 1,651.85 $10,810.63
UBISOFT ENTERTAINMENT FR UBI FP 1,129.83 $52,102.10
DANONE FR BN FP 540.71 $28,452.25
AIR LIQUIDE FR AI FP 794.5 $99,561.27
BRENNTAG AG DE BNR GR 670.43 $43,958.44
MEX BONOS DESARR FIX RT 7.75000 05/29/2031 MX 77,921.26 $3,571.50
KEYWORDS STUDIOS PLC IE KWS LN 528.22 $15,223.59
S4 CAPITAL PLC GB SFOR LN 26,409.89 $40,591.17
HELIOS TOWERS PLC GB HTWS LN 11,035.75 $15,814.99
AVANZA BANK HOLDING AB SE AZA SS 2,546.31 $40,814.89
AMERICAN TANKER INC 7.75000 07/02/2025 US 49,292.86 $47,655.24
SOFTWAREONE HOLDING AG CH SWON SW 3,528.2 $46,385.67
FLAGSHIP COMMUNITIES REIT UT US MHC/U CN 1,331.58 $21,105.60
SEASPAN CORP 6.50000 02/05/2024 MH 45,157.51 $44,817.36
PETROTAL CORP 12.00000 02/16/2024 CA 39,018.71 $39,799.08
FINECOBANK SPA IT FBK IM 7,809.03 $84,433.57
ALLFUNDS GROUP PLC GB ALLFG NA 4,320.4 $33,921.64
AIRSWIFT GLOBAL AS FLT 11.42271 05/12/2025 NO 20,779 $20,836.61
ROTORK PLC GB ROR LN 14,889.34 $42,714.66
AUTO TRADER GROUP PLC GB AUTO LN 10,845.99 $81,894.61
CELLNEX TELECOM SA ES CLNX SM 835.72 $32,545.28
ASSA ABLOY AB-B SE ASSAB SS 2,410.88 $48,829.90
CLEANAWAY WASTE MANAGEMENT AU CWY AU 31,884.01 $60,557.48
INTERMEDIATE CAPITAL GROUP GB ICP LN 3,038.01 $48,024.12
ADYEN NV NL ADYEN NA 47.09 $72,663.23
BANK OF N.T. BUTTERFIELD&SON BM NTB 943.54 $30,778.42
BUNGE LIMITED US BG 56.3 $5,583.40
EATON CORP PLC US ETN 109.7 $14,989.86
JOHNSON CONTROLS INTERNATIONAL US JCI 203.9 $11,039.00
MEDTRONIC INC IE MDT 14,180.57 $1,246,755.68
ROYALTY PHARMA PLC- CL A US RPRX 165.05 $6,900.80
STONECO LTD-A BR STNE 3,354.57 $31,801.30
TRANE TECHNOLOGIES IE TT 52.64 $8,109.74
ALCON INC CH ALC 6,364.96 $418,050.83
CHUBB LTD CH CB 100.39 $18,979.50
GARMIN LTD CH GRMN 72.06 $6,376.46
TE CONNECTIVITY LIMITED CH TEL 71.42 $9,013.30
LYONDELLBASELL INDU-CL A US LYB 77.67 $6,446.72
PLAYA HOTELS AND RESORTS US PLYA 1,382.26 $9,067.62
BROOGE PETROLEUM AND GAS 8.50000 09/24/2025 AE 40,494.63 $38,941.60

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

$29.91

Daily $ Change

-$0.40

Daily % Change

-1.34%

as of 09/29/2022

CUSIP

563821156

Inception Date

01/06/2005

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

Important Documents

Annual Report
Fact Sheet
Applications & Forms

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

Investment Objective

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

Investment Strategy

Currently: The portfolio is currently invested in a 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 64% - 90%.

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 2040
  • Who have time to pursue growth and can accept 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

-17.18%

1 Year

-16.10%

3 Year

6.60%

5 Year

7.12%

10 Year

8.19%

Inception
(01/01/2000)

6.89%

Performance through the inception date of the Retirement Target CIT Class S Units is not the past performance of the Retirement Target CIT Fund and is based on historical performance data of the Manning & Napier Pro-Mix® CIT Fund(s) that would have been held according to the Retirement Target CIT Fund’s glide path. The Retirement Target CIT Fund will gradually become more conservative over time. Returns are net of the Class S expenses. Performance data quoted represents past performance and does not guarantee future results. Performance for periods greater than one year is annualized. Your investment may fluctuate in value and there is a potential for loss as well as profit.

Expense Ratio

Gross 0.90%
Net 0.89%*

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

Top Ten Investments

As of 08/31/2022

TREASURY NOTES 7.65%
TREASURY BONDS 3.74%
AMAZON.COM INC 3.06%
MICROSOFT CORP 2.63%
MASTERCARD INC-CLASS A 2.04%
JOHNSON & JOHNSON 1.81%
COCA COLA CO/THE 1.77%
MEDTRONIC INC 1.74%
MONDELEZ INTERNATIONAL INC 1.72%
SALESFORCE INC 1.65%

This investment list is unaudited and excludes cash.

Asset Allocation

As of 08/31/2022

Stocks
76.47%
Bonds
18.50%
Cash
5.03%

Detailed Asset Class Allocation

As of 08/31/2022

International Equities
21.41%
Small Capitalization
2.11%
Mid Capitalization
6.63%
Large Capitalization
46.33%
Long Term Fixed Income
5.31%
Intermediate Term Fixed Income
10.22%
Short Term Fixed Income
2.96%
Cash
5.03%

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 226.43 $23,242.85
ACTIVISION INC US ATVI 5,521.18 $433,357.49
ADIDAS AG-SPONSORED ADR DE ADDYY 6,563.19 $486,857.47
ADMIRAL GROUP PLC GB AMIGY 14,558.93 $366,593.93
AERCAP IRELAND CAP/GLOBA 3.00000 10/29/2028 IE 38,441.16 $32,946.84
ADYEN NV UNSPON ADR NL ADYEY 36,257.13 $562,348.04
AGREE REALTY CORP US ADC 234.29 $17,647.01
AIR LIQUIDE-ADR FR AIQUY 19,229.94 $482,094.56
AIR LEASE CORP 3.62500 04/01/2027 US 71,650.74 $66,473.93
ALASKA AIR 2020-1 CL B 8.00000 08/15/2025 US 13,346.08 $13,436.92
ALIBABA GROUP HOLDING 4.00000 12/06/2037 KY 154,431.34 $129,872.97
ALIBAB GROUP HOLDINGS 2.12500 02/09/2031 KY 64,758.49 $53,965.21
ALIGN TECHNOLOGY INC US ALGN 1,582.81 $385,731.72
ALLSTATE CORPORATION US ALL 95.08 $11,456.78
ALPHABET INC-CL A US GOOGL 7,741.2 $837,752.71
AMAZON.COM INC US AMZN 17,246.67 $2,186,360.21
AMAZON.COM INC 3.30000 04/13/2027 US 149,216.14 $145,997.20
DIAGEO PLC GB DGE LN 1,708.91 $74,245.77
BAE SYSTEMS PLC GB BA/ LN 6,688.27 $60,235.27
AMERICAN HOMES 4 RENT- A US AMH 1,169.32 $41,580.86
AMERICAN TOWER REIT INC US AMT 129.92 $33,007.39
ANALOG DEVICES INC US ADI 129.61 $19,640.21
APPLE HOSPITALITY REIT INC US APLE 2,576.71 $40,995.43
ARBOR REALTY TRUST INC 8.00000 04/30/2023 US 14,406.23 $14,549.15
ARCHER-DANIELS-MIDLAND CO US ADM 149.05 $13,100.23
ARGO BLOCKCHAIN PLC GB 625.82 $11,158.45
ASHTEAD CAPITAL INC 4.00000 05/01/2028 US 65,936.52 $60,422.35
AUTOMATIC DATA PROCESSING US ADP 92.75 $22,668.83
AVALONBAY COMMUNITIES INC US AVB 198.79 $39,938.41
BAE SYSTEMS PLC -SPON ADR GB BAESY 12,399.39 $447,618.13
BNSF FUNDING TRUST I 6.61300 12/15/2055 US 66,276.02 $65,244.01
BANK OF AMERICA CORP 2.68700 04/22/2032 US 123,361.01 $102,958.75
BARRICK GOLD CORP CA GOLD 12,305.96 $182,743.49
BAXTER INTERNATIONAL INC US BAX 114.79 $6,596.10
BEST BUY INC US BBY 92.12 $6,512.23
BIOMARIN PHARMACEUTICAL INC US BMRN 5,781.24 $515,686.53
BLACKROCK INC US BLK 1,003.15 $668,488.33
BLACKSTONE SECURED LEND 2.75000 09/16/2026 US 62,109.99 $54,954.94
DECHRA PHARMACEUTICALS PLC GB DPH LN 1,240.58 $50,172.77
BOSTON SCIENTIFIC CORP US BSX 7,494.25 $302,093.02
BRANDYWINE REALTY TRUST US BDN 1,461.68 $11,737.26
BABS 2021-RM2 A 1.75000 10/25/2061 US 33,002.96 $29,311.82
BRENNTAG AG-UNSP ADR DE BNTGY 19,666 $257,428.00
BRISTOL MYERS SQUIBB CO US BMY 429.38 $28,944.79
BROADRIDGE FINANCIAL SOLUTIONS US BR 44.25 $7,573.69
JONAH ENERGY PARENT LLC US 587.41 $33,429.60
CBOE GLOBAL MARKETS INC US CBOE 2,452.88 $289,366.64
CDW CORP/DE US CDW 1,583.51 $270,305.01
SORT 2020-1 A1 MTGE 1.69000 07/15/2060 US 35,863.4 $32,590.51
SORT 2020-1 A2 1.99000 07/15/2060 US 29,279.89 $25,101.35
C.H. ROBINSON WORLDWIDE INC US CHRW 60.26 $6,879.09
CIM 2019-INV1 A1 4.00000 02/25/2049 US 1,890.47 $1,876.05
CSMC 2013-IVR3 A1 2.50000 05/25/2043 US 10,460.22 $9,716.50
CVS HEALTH CORP US CVS 4,282.72 $420,349.34
COTERRA ENERGY INC US CTRA 212.07 $6,555.06
CAMDEN PROPERTY TRUST US CPT 223.49 $28,721.23
CAMECO CORP CA CCJ 954.71 $27,829.92
CAMPBELL SOUP CO US CPB 132.17 $6,658.54
CANADIAN NATIONAL RAILWAY CO CA CNI 7,988.72 $949,939.03
CARETRUST REIT INC US CTRE 1,575.76 $33,941.78
CATERPILLAR INC US CAT 115.47 $21,328.44
CELLNEX TELECOM SAU-UNSP ADR ES CLLNY 26,713.78 $519,048.81
CENOVUS ENERGY INC 6.75000 11/15/2039 CA 149,253.77 $163,016.14
CHARTER COMMUNICATIONS INC-A US CHTR 1,809.15 $746,508.67
CHEVRON CORP US CVX 210.47 $33,267.67
CINCINNATI FINANCIAL CORP US CINF 60.66 $5,881.91
CISCO SYSTEMS INC US CSCO 730.12 $32,651.08
CITIGROUP INC US C 457.51 $22,331.25
CITIGROUP INC 1.46200 06/09/2027 US 117,286.83 $103,524.89
CLARK CNTY NV 1.51000 11/01/2028 US 60,844.02 $52,093.37
COCA COLA CO/THE US KO 20,534.7 $1,267,196.57
COGNEX CORP US CGNX 4,298.2 $180,997.01
COLGATE-PALMOLIVE CO US CL 219.91 $17,199.33
COMCAST CORP-CL A US CMCSA 766.05 $27,723.30
COMMUNITY HEALTHCARE TRUST I US CHCT 484.78 $17,883.47
CONAGRA BRAND INC. US CAG 200.72 $6,900.62
CONOCOPHILLIPS US COP 189.52 $20,743.01
CONSTELLATION BRANDS INC-A US STZ 3,770.42 $927,711.13
CONTROLADORA VUELA CIA DE AV MX VLRS 2,387.19 $21,198.23
COPART INC US CPRT 2,969.09 $355,251.49
COUSINS PROPERTIES INC US CUZ 1,075.52 $28,877.82
CAALT 2020-1A 2.01000 02/15/2029 US 12,787.9 $12,767.58
CROWN CASTLE INTL CORP 3.10000 11/15/2029 US 88,134.87 $78,024.61
CSMC 2013-TH1 A1 2.13000 02/25/2043 US 5,861.81 $5,221.47
CUMMINS INC US CMI 48.1 $10,359.94
KIMBERLY CLARK DE MEXICO S.A.B. MX 46,741.5 $63,454.20
DEUTSCHE BOERSE AG ADR DE DBOEY 24,460.34 $412,230.11
DEVON ENERGY CORPORATION US DVN 147.45 $10,413.20
DIAMONDBACK ENERGY INC US FANG 44.87 $5,980.27
DIGITAL REALTY TRUST INC US DLR 404.65 $50,027.41
DOLLAR GENERAL CORP US DG 2,133.71 $506,586.12
DOLLAR TREE STORES INC US DLTR 5,024.3 $681,697.16
DOMINO'S PIZZA US DPZ 1,016.79 $378,103.73
DOUBLEVERIFY HOLDINGS INC US DV 19,226.19 $496,997.00
DOW INC US DOW 153.86 $7,846.96
DREYFUS GVT CSH MANAGEMENT US 3,783,608.3 $3,783,608.30
DUKE RLTY INVTS INC US DRE 469.44 $27,626.36
EOG RESOURCES INC US EOG 106.42 $12,908.55
EAST WEST BANCORP INC US EWBC 5,863.1 $423,140.20
EASTMAN CHEM CO US EMN 56.51 $5,142.51
EBAY INC US EBAY 141.18 $6,230.36
ELECTRONIC ARTS US EA 5,447.3 $691,099.28
EMERSON ELEC CO US EMR 161.66 $13,214.47
ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 US 163,601.91 $165,369.37
EQUINIX INC US EQIX 1,339.07 $880,263.09
EQUITY LIFESTYLE PROPERTIES US ELS 827.49 $58,006.86
ESSEX PROPERTY TRUST INC US ESS 123.07 $32,620.22
EVERGY INC US EVRG 6,238.95 $427,554.97
EXPEDIA GROUP INC 3.25000 02/15/2030 US 71,131.27 $61,552.76
EXTRA SPACE STORAGE INC US EXR 99.8 $19,833.53
FMC CORP US FMC 6,845.88 $739,902.35
FS ENERGY & POWER FUND 7.50000 08/15/2023 US 46,525.74 $46,696.27
FREMF 2015-K43 B FLT 3.85980 02/25/2048 US 109,089.76 $105,492.90
FREMF 2013-K28 X2A 0.10000 06/25/2046 US 6,386,503.89 $1,497.06
META PLATFORMS INC US META 6,402.38 $1,043,139.30
FHLM POOL G05906 6.00000 04/01/2040 US 2,265.72 $2,433.73
FHLM POOL G13331 5.50000 10/01/2023 US 14.5 $14.59
FHLM POOL G12988 6.00000 01/01/2023 US 2.82 $2.82
FHLM POOL G13078 6.00000 03/01/2023 US 5.75 $5.75
FHLM GOLD POOL FG G08786 4.50000 10/01/2047 US 16,306.43 $16,475.17
FHLM POOL C91780 4.50000 07/01/2034 US 20,347.83 $20,877.26
FR SD1129 4.00000 08/01/2051 US 81,658.96 $80,639.13
FEDERAL NATL MTG ASSN SD8044 3.00000 02/01/2050 US 69,764.95 $65,217.99
FHLM POOL SD8230 4.50000 06/01/2052 US 46,939.5 $46,778.66
FHLM POOL K91364 4.50000 11/01/2033 US 2,563.18 $2,610.42
FHLM POOL K92059 4.50000 09/01/2034 US 16,503.97 $16,928.39
FNR 2018-31 KP 3.50000 07/25/2047 US 1,493.21 $1,476.24
FHMS K030 X1 FLT 0.25907 04/25/2023 US 2,089,512.22 $1,325.19
FHMS K032 X1 FLT 0.17942 05/25/2023 US 1,386,392.16 $708.04
FEDERAL NATL MTG ASSN AH9054 4.50000 04/01/2041 US 4,011.18 $4,102.84
FEDERAL NATL MTG ASSN AL8674 FLT 5.65900 01/01/2049 US 74,382.18 $79,252.33
FEDERAL NATL MTG ASSN BK0433 3.50000 12/01/2049 US 47,759.91 $45,999.90
FEDERAL NATL MTG ASSN FN FS1179 3.50000 12/01/2049 US 66,616.76 $64,411.49
FN DS2696 3.00000 12/01/2051 US 85,973.12 $80,307.88
FEDERAL NATL MTG ASSN 888810 5.50000 11/01/2022 US .69 $0.69
FEDERAL NATL MTG ASSN MA1903 4.50000 05/01/2034 US 15,225.42 $15,574.56
FEDERAL NATL MTG ASSN FN MA3412 3.50000 07/01/2038 US 6,278.66 $6,109.56
FEDERAL NATL MTG FN MA4203 2.50000 12/01/2040 US 73,552.43 $67,049.35
FEDERAL NATL MTG ASSN MA4600 3.50000 05/01/2052 US 71,583.76 $68,409.71
FEDERAL NATL MTG ASSN MA4644 4.00000 05/01/2052 US 71,068.05 $69,524.44
FEDERAL NATL MTG ASSN FN MA4687 4.00000 06/01/2042 US 70,866.58 $69,999.00
FN MA4733 4.50000 09/01/2052 US 80,778.37 $80,439.28
FEDERAL NATL MTG ASSN AD0220 6.00000 10/01/2038 US 1,063.72 $1,143.06
FEDERAL NATL MTG ASSN AD0462 5.50000 10/01/2024 US 98.68 $100.22
FEDEX CORPORATION US FDX 1,665.28 $351,056.78
FIFTH THIRD BANCORP US FITB 255.92 $8,739.82
FLX 2021-1A A2 3.25000 11/27/2051 US 59,739.63 $54,584.34
FONTAINEBLEAU MIAMI BEACH TRUST 3.14400 12/10/2036 US 50,389.08 $47,986.87
FORD MOTOR CREDIT 3.08700 01/09/2023 US 10,389.5 $10,308.12
GSMBS 2021-PJ9 A8 2.50000 02/26/2052 US 27,219.59 $24,612.63
GSMBS 2021-INV1 A6 2.50000 12/25/2051 US 33,908.2 $30,719.44
GENERAL DYNAMICS CORP US GD 72.98 $16,707.24
GENERAL MLS INC US GIS 184.47 $14,167.55
GENUINE PARTS CO US GPC 57.31 $8,940.99
GETTY REALTY CORP US GTY 627.36 $18,870.96
GILEAD SCIENCES INC US GILD 330.73 $20,991.34
GNR 2017-54 AH MTGE 2.60000 12/16/2056 US 16,057.39 $15,238.49
GRAPHIC PACKAGING HOLDING CO US GPK 15,491.29 $344,991.11
GREENIDGE GEN HLD INC US 985.86 $13,811.86
GRUPO AEROPORTUARIO CEN-ADR MX OMAB 2,906.78 $151,937.37
GRUPO AEROPORTUARIO PAC-ADR MX PAC 1,175.86 $167,642.17
GRUPO AEROPORTUARIO DEL SURESTE MX ASR 805.63 $170,367.37
AIRBUS SE FR AIR FP 349.23 $34,222.55
ADIDAS AG DE ADS GR 453.4 $67,231.31
HCA INC 4.12500 06/15/2029 US 101,661.67 $94,446.87
HDFC BANK LTD-ADR IN HDB 9,491.46 $579,453.46
L'OREAL FR OR FP 46.01 $15,802.83
HAWAII ST 2.68200 10/01/2038 US 5,194.75 $4,083.35
HEALTHCARE REALTY TRUST INC US HR 1,581.05 $38,451.21
HEINEKEN NV-SPN ADR NL HEINY 9,971.6 $447,924.31
HESKA CORP US HSKA 2,690.35 $245,010.07
HOME DEPOT INC US HD 161.3 $46,521.87
HONEYWELL INTERNATIONAL INC US HON 143.64 $27,197.41
HWIRE 2021-1 A2 2.31100 11/20/2051 US 56,103.31 $49,644.69
HUMANA INC US HUM 667.2 $321,442.73
IIP OPERATING PARTNER 5.50000 05/25/2026 US 47,914.41 $42,679.12
IDEXX LABORATORIES INC US IDXX 1,547.2 $537,837.77
KERRY GROUP PLC-A IE KYGA ID 287.44 $29,641.33
ILLINOIS TOOL WKS INC US ITW 82.33 $16,039.76
IMPRL 2021-NQM3 1.59500 11/25/2056 US 32,540.08 $27,772.18
INDEPENDENCE REALTY TRUST IN US IRT 700.35 $13,621.73
INSPERITY INC US NSP 4,257.34 $464,135.55
INTEL CORP US INTC 787.39 $25,133.40
INTERCONTINENTALEXCHANGE INC US ICE 6,168.92 $622,135.80
INTERNATIONAL FLVRS & FRAGRANCES US IFF 82.34 $9,097.25
INTUITIVE SURGICAL INC US ISRG 2,245.35 $461,958.43
INVITATION HOMES INC US INVH 1,480.75 $53,721.69
ITALY GOV'T INT BOND 2.37500 10/17/2024 IT 12,467.4 $11,860.24
JP MORGAN CHASE & CO US JPM 3,613.43 $410,954.99
JPMMT 2014-2 1A1 3.00000 06/25/2029 US 13,220.23 $12,618.59
JPMORGAN CHASE & CO 4.49300 03/24/2031 US 175,410.77 $170,623.52
JOHNSON & JOHNSON US JNJ 8,032.75 $1,296,004.45
KREF 2021-FL2 A 3.44971 02/15/2039 US 54,025.41 $52,429.55
KEYCORP US KEY 271.87 $4,809.37
KROGER CO US KR 227.92 $10,926.52
L3HARRIS TECHNOLOGIES INC US LHX 2,091.46 $477,249.42
BEIERSDORF AG DE BEI GR 705.27 $71,190.13
LENNAR CORP US LEN 79.91 $6,189.12
LIFE STORAGE INC US LSI 284.52 $36,205.71
LOCKHEED MARTIN CORP US LMT 57.99 $24,361.22
LULULEMON - ADR CA LULU 3,209.08 $962,594.72
MAGALLANES INC 4.05400 03/15/2029 US 172,792.94 $157,272.27
MARATHON PETROLEUM CORP US MPC 115.75 $11,661.78
MARRIOTT VACATIONS WORLD US VAC 131.17 $18,681.74
MASTERCARD INC-CLASS A US MA 4,504.5 $1,461,124.14
MCDONALDS CORP US MCD 100.13 $25,261.37
MERCADOLIBRE INC BR MELI 418.16 $357,677.16
MERCK & CO INC US MRK 468 $39,948.65
MICROSOFT CORP US MSFT 7,181.76 $1,877,814.72
MICROCHIP TECHNOLOGY INC US MCHP 131.56 $8,584.08
MID-AMERICA APARTMENT COMM US MAA 236.13 $39,120.34
MONDELEZ INTERNATIONAL INC US MDLZ 19,836.42 $1,227,080.73
MOODY'S CORPORATION US MCO 3,027.22 $861,304.12
MOTOROLA SOLUTIONS INC US MSI 51.25 $12,474.29
NAVIENT CORP 6.75000 06/25/2025 US 50,601.78 $48,851.73
NESTLE S.A. - ADR CH NSRGY 7,206.17 $843,554.76
NETAPP INC US NTAP 91.99 $6,634.95
USRE 2021-1 A1 1.91000 10/20/2061 US 63,635.7 $55,278.68
NRZT 2014-3A AFX3 3.75000 11/25/2054 US 12,174.12 $11,644.40
NRZT 2015-2A A1 3.75000 08/25/2055 US 20,171.97 $19,226.58
NRZT 2016-4A A1 3.75000 11/25/2056 US 38,479.02 $36,734.26
KEYENCE CORP JP 6861 JP 135.47 $50,866.43
NEW YORK CITY NY TRANSITIONALFIN 1.58000 05/01/2024 US 36,514.6 $35,304.22
NEWCASTLE COAL INFRASTRU 4.40000 09/29/2027 AU 75,467.04 $65,487.20
NEWMONT GOLDCORP CORP US NEM 3,730.49 $154,292.97
NIKE INC CLASS B US NKE 4,081.08 $434,430.88
NORFOLK SOUTHN CORP US NSC 1,964.91 $477,728.31
NIKON CORP JP 7731 JP 2,601.96 $29,701.91
NORTHROP GRUMMAN CORP US NOC 1,091.17 $521,566.96
NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 CA 44,427.39 $4.44
NOVARTIS AG- REG CH NVS 8,281.5 $666,826.24
NUCOR CORP US NUE 77.11 $10,251.24
NVIDIA CORP US NVDA 1,043.91 $157,567.71
OKTA INC US OKTA 2,878.1 $263,057.98
OMNICOM GROUP US OMC 86.84 $5,809.64
SONY CORP FIRST SECTION JP 6758 JP 569.66 $45,290.15
OWL ROCK TECHNOLOGY 3.75000 06/17/2026 US 72,170.22 $64,573.91
OXFIN 2020-1A A2 3.10100 02/15/2028 US 38,544.02 $38,165.13
OXFIN 2022-1A 3.60200 02/15/2030 US 50,648.82 $47,538.34
PMTLT 2013-J1 a9 3.50000 09/25/2043 US 8,909.53 $8,554.28
PPG INDUSTRIES INC US PPG 54.06 $6,864.72
PACKAGING CORP OF AMERICA US PKG 41.74 $5,715.72
PARKER HANNIFIN CORP US PH 30.16 $7,991.81
DEUTSCHE BOERSE AG DE DB1 GR 360.73 $60,990.45
PAYPAL HOLDINGS INC US PYPL 10,288.36 $961,344.61
PEAR 2021-1 A MTGE 2.60000 01/15/2034 US 62,874.14 $59,703.26
PELORUS FUND REIT 7.00000 09/30/2026 US 50,432.03 $46,954.63
NESTLE SA-REGISTERED CH NESN SW 931.44 $109,000.26
PEPSICO INC 3.90000 07/18/2032 US 130,813.63 $128,504.82
PFIZER INC US PFE 663.32 $30,001.75
PIONEER NATURAL RESOURCES CO US PXD 46.96 $11,890.21
POPULAR INC 6.12500 09/14/2023 PR 43,918.14 $44,480.56
PROCTER & GAMBLE CO US PG 358.16 $49,404.43
PROLOGIS US PLD 1,248.09 $155,400.28
PFMT 2021 -INV1 A1 2.50000 08/25/2051 US 51,671.11 $44,173.14
PFMT 2021-2 A2A 2.00000 04/25/2051 US 30,996.07 $27,085.16
PUBLIC STORAGE INC US PSA 218.89 $72,416.19
QUALCOMM INC US QCOM 223.66 $29,583.86
QUALCOMM INC 4.25000 05/20/2032 US 69,536.03 $70,362.13
QUEST DIAGNOSTICS INC US DGX 53.33 $6,683.04
RCKT 2021-6 A1 2.50000 12/25/2051 US 55,806.61 $47,596.58
RADIUS GLOBAL INFRASTRUCTURE US RADI 4,506.57 $62,055.42
REGIONS FINANCIAL CORP. US RF 366.14 $7,934.20
REPUBLIC SERVICES INC US RSG 96.15 $13,723.10
RESTAURANT BRANDS INTERN CA QSR 599.43 $35,366.35
REXFORD INDUSTRIAL REALITY IN US REXR 757.47 $47,122.43
GETINGE AB-B SHS SE GETIB SS 2,705.33 $50,106.90
ROSS STORES INC US ROST 84.97 $7,330.06
HEINEKEN NV NL HEIA NA 664.16 $59,694.10
RYANAIR HOLDINGS - ADR IE RYAAY 6,702.07 $487,307.80
S&P GLOBAL INC US SPGI 1,558 $548,695.60
SBA COMMUNICATIONS CORP US SBAC 3,444.11 $1,120,195.31
NAVIENT CORP 5.50000 01/25/2023 US 24,216.94 $24,103.68
SLAM 2021-1A A MTGE 2.43400 06/15/2046 US 43,344.48 $37,065.40
SMB 2020-A A2A MTGE 2.23000 09/15/2037 US 41,028.1 $38,035.66
SMB 2020-BA A1A 1.29000 07/15/2053 US 39,945.39 $36,209.04
SALESFORCE INC US CRM 7,552.37 $1,179,076.45
SEA LTD - ADR SG SE 8,139.56 $504,652.97
SEAGEN INC US SGEN 2,139.96 $330,174.58
SEMT 2013-6 A2 3.00000 05/25/2043 US 15,562.95 $14,548.88
SEMT 2013-7 A2 3.00000 06/25/2043 US 6,673.81 $5,984.20
SEMT 2013-8 A1 3.00000 06/25/2043 US 7,868.63 $7,373.86
SEMT 2013-2 1.87400 02/25/2043 US 6,472.81 $5,728.70
SERVICENOW INC US NOW 2,599.36 $1,129,732.48
SHOPIFY INC CA SHOP 699.5 $22,139.04
SIMON PROPERTY GROUP LP 2.65000 02/01/2032 US 225,881.65 $189,126.11
SKYWORKS SOLUTIONS INC US SWKS 46.61 $4,593.25
JM SMUCKER CO/THE-NEW COM WI US SJM 47.25 $6,614.78
SNOWFLAKE INC-CLASS A US SNOW 4,666.27 $844,361.67
SOFI 2017-F A2FX 2.84000 01/25/2041 US 2,853.17 $2,796.68
SOFI 2018-B A2FX MTGE 3.34000 08/25/2047 US 13,088.06 $12,827.90
SOFI 2020-A A2FX MTGE 2.54000 05/15/2046 US 25,843.07 $24,595.99
SONY CORP SPONSORED ADR JP SONY 8,548.33 $678,309.72
SOUTH CAROLINA ST PUBLIC SVC 2.32900 12/01/2028 US 100,518.43 $90,270.63
SOUTHWEST AIRLINES CO 5.12500 06/15/2027 US 129,255.21 $131,648.67
ONEMAIN FINANCE CORP 5.62500 03/15/2023 US 23,088.01 $22,972.73
STANLEY BLACK & DECKER INC US SWK 43.31 $3,815.39
SRPT 2014-STAR A FLTG RATE 3.86200 11/15/2027 US 69,064.86 $48,393.07
STEEL DYNAMICS INC US STLD 79.46 $6,413.82
SUN COMMUNITIES US SUI 390.28 $59,989.62
SYNCHRONOSS TECH US 1,979.31 $42,990.58
SYNERGY ONE LENDING 5.50000 10/14/2026 US 51,201.01 $44,210.59
TJX COMPANIES INC US TJX 218.61 $13,630.30
TAIWAN SEMICONDUCTOR - SP ADR TW TSM 5,660.68 $471,817.95
TARGET CORP US TGT 77.93 $12,495.47
TENCENT HOLDINGS 3.97500 04/11/2029 KY 289,380.32 $272,738.71
TERRENO REALTY CORP US TRNO 490.47 $29,914.06
TEXAS INSTRUMENTS INC US TXN 136.2 $22,501.03
THERMO FISHER SCIENTIFIC INC US TMO 1,189.12 $648,450.05
3M CO US MMM 137.97 $17,156.43
TPMT 2016-5 A1 2.50000 10/25/2056 US 16,892.26 $16,723.12
TPMT 2017-1 A1 2.75000 10/25/2056 US 8,649.71 $8,575.47
TPMT 2019-HY1 A1 3.44371 10/25/2048 US 16,927.47 $16,737.33
TRACTOR SUPPLY COMPANY US TSCO 33.51 $6,204.49
TRAVELLERS COS INC US TRV 71.03 $11,481.86
TAH 2017-SFR2 A 2.92800 01/17/2036 US 36,516.76 $35,919.51
TCF 2021-1A 1.86000 03/20/2046 US 44,549.86 $38,519.61
TYSON FOODS INC -CL A US TSN 117.23 $8,836.52
UDR INC US UDR 1,202.73 $53,966.66
U.S. BANCORP US USB 374 $17,058.23
UBISOFT ENTERTAIN-UNSPON ADR FR UBSFY 34,258.84 $314,907.21
UNILEVER PLC - ADR GB UL 19,633.04 $891,143.71
UNION PAC CORP US UNP 128.59 $28,869.21
UNITED AIR 2019-2 B PTT 3.50000 05/01/2028 US 53,922.05 $45,425.28
UNITED AIR 2018-1 B PTT 4.60000 03/01/2026 US 7,144.6 $6,660.36
UNITED MEXICAN STATES 4.12500 01/21/2026 MX 10,389.5 $10,398.68
UNITED PARCEL SERVICE US UPS 2,132.54 $414,800.25
US TREASURY N/B 3.00000 05/15/2047 US 1,868,848.63 $1,705,908.39
TREASURY BOND 2.37500 02/15/2042 US 765,446.51 $637,234.22
TREASURY BOND 2.25000 11/15/2027 US 344,931.44 $327,361.50
US TREASURY N/B 3.12500 11/15/2028 US 3,196,196.9 $3,162,986.44
US TREASURY N/B 2.00000 11/15/2026 US 345,970.4 $327,104.20
UNITED STATES TREAS NTS 1.75000 05/15/2023 US 1,670,384.2 $1,651,722.89
US TREASURY N/B 1.37500 11/15/2031 US 373,502.57 $320,920.41
UNITEDHEALTH GROUP INC US UNH 663.2 $344,419.57
UNIVERSAL DISPLAY CORP US OLED 3,935.74 $439,740.12
VF CORP US VFC 112.34 $4,656.69
VENTAS INC US VTR 451.31 $21,599.80
VERTEX PHARMACEUTICALS INC US VRTX 1,716.28 $483,577.79
PARAMOUNT GLOBAL CLASS B US PARA 185.32 $4,334.74
VISA INC - CLASS A SHARES US V 5,725.89 $1,137,791.30
VISTRA OPERATIONS CO LLC 3.55000 07/15/2024 US 32,009.07 $30,867.68
VISTRA OPERATIONS 4.87500 05/13/2024 US 116,507.62 $115,176.03
WAL MART STORES US WMT 414.72 $54,971.38
WALGREENS BOOTS ALLIANCE INC US WBA 206.4 $7,236.27
WASTE MANAGEMENT INC US WM 107.52 $18,173.32
WELLTOWER INC. US WELL 523.74 $40,144.33
WIN 2015-1 A1 3.50000 01/20/2045 US 3,900.28 $3,756.31
ZOETIS INC US ZTS 1,346.01 $210,691.66
ADMIRAL GROUP PLC GB ADM LN 3,394.38 $83,497.66
GRUPO AEROPORTUARIO DEL CENT MX OMAB MM 1,651.85 $10,810.63
UBISOFT ENTERTAINMENT FR UBI FP 1,129.83 $52,102.10
DANONE FR BN FP 540.71 $28,452.25
AIR LIQUIDE FR AI FP 794.5 $99,561.27
BRENNTAG AG DE BNR GR 670.43 $43,958.44
MEX BONOS DESARR FIX RT 7.75000 05/29/2031 MX 77,921.26 $3,571.50
KEYWORDS STUDIOS PLC IE KWS LN 528.22 $15,223.59
S4 CAPITAL PLC GB SFOR LN 26,409.89 $40,591.17
HELIOS TOWERS PLC GB HTWS LN 11,035.75 $15,814.99
AVANZA BANK HOLDING AB SE AZA SS 2,546.31 $40,814.89
AMERICAN TANKER INC 7.75000 07/02/2025 US 49,292.86 $47,655.24
SOFTWAREONE HOLDING AG CH SWON SW 3,528.2 $46,385.67
FLAGSHIP COMMUNITIES REIT UT US MHC/U CN 1,331.58 $21,105.60
SEASPAN CORP 6.50000 02/05/2024 MH 45,157.51 $44,817.36
PETROTAL CORP 12.00000 02/16/2024 CA 39,018.71 $39,799.08
FINECOBANK SPA IT FBK IM 7,809.03 $84,433.57
ALLFUNDS GROUP PLC GB ALLFG NA 4,320.4 $33,921.64
AIRSWIFT GLOBAL AS FLT 11.42271 05/12/2025 NO 20,779 $20,836.61
ROTORK PLC GB ROR LN 14,889.34 $42,714.66
AUTO TRADER GROUP PLC GB AUTO LN 10,845.99 $81,894.61
CELLNEX TELECOM SA ES CLNX SM 835.72 $32,545.28
ASSA ABLOY AB-B SE ASSAB SS 2,410.88 $48,829.90
CLEANAWAY WASTE MANAGEMENT AU CWY AU 31,884.01 $60,557.48
INTERMEDIATE CAPITAL GROUP GB ICP LN 3,038.01 $48,024.12
ADYEN NV NL ADYEN NA 47.09 $72,663.23
BANK OF N.T. BUTTERFIELD&SON BM NTB 943.54 $30,778.42
BUNGE LIMITED US BG 56.3 $5,583.40
EATON CORP PLC US ETN 109.7 $14,989.86
JOHNSON CONTROLS INTERNATIONAL US JCI 203.9 $11,039.00
MEDTRONIC INC IE MDT 14,180.57 $1,246,755.68
ROYALTY PHARMA PLC- CL A US RPRX 165.05 $6,900.80
STONECO LTD-A BR STNE 3,354.57 $31,801.30
TRANE TECHNOLOGIES IE TT 52.64 $8,109.74
ALCON INC CH ALC 6,364.96 $418,050.83
CHUBB LTD CH CB 100.39 $18,979.50
GARMIN LTD CH GRMN 72.06 $6,376.46
TE CONNECTIVITY LIMITED CH TEL 71.42 $9,013.30
LYONDELLBASELL INDU-CL A US LYB 77.67 $6,446.72
PLAYA HOTELS AND RESORTS US PLYA 1,382.26 $9,067.62
BROOGE PETROLEUM AND GAS 8.50000 09/24/2025 AE 40,494.63 $38,941.60

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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