Investment Objective

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

Investment Strategy

Currently: The portfolio is currently invested in a moderately aggressive, growth-oriented mix of stocks, bonds, alternatives, and cash that seeks to earn the long-term growth typically associated with the stock market without full market risk. The portfolio is diversified primarily among various stock investments in both domestic and foreign markets, with a portion of the portfolio invested in fixed income securities. Stock exposure can range from 62% - 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 15% - 45%.

May be Appropriate for Investors

  • Who plan to stop contributions and start periodic withdrawals around the year 2045
  • Who generally have time to withstand market volatility and can accept very significant fluctuations in current account value
  • Who prefer to take advantage of professional management through a single, diversified investment portfolio that becomes more conservative over time

About Target Date Funds

A target date fund is a single investment portfolio designed to meet an investor’s changing needs over time. The fund gradually shifts from a more aggressive to a more conservative investment objective over the years to reflect an appropriate risk/return trade-off for the investor’s changing time horizon.

Target Series Glide Path Overview

Learn more about our Glide Range SM

Daily Price

$19.86

Daily $ Change

-$0.04

Daily % Change

-0.20%

as of 08/04/2021

CUSIP

56382R811

Inception Date

05/14/2015

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

Important Documents

Annual Report
Applications & Forms

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

Performance

As of 06/30/2021

YTD

11.96%

1 Year

33.29%

3 Year

16.61%

5 Year

15.27%

10 Year

10.89%

Inception
(01/01/2000)

8.89%

Performance through the inception date of the Retirement Target CIT Class U1 units is based on the historical performance of the CIT’s oldest unit class. Performance through the inception date of the oldest unit class (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 U1 expenses. The Retirement Target CIT Fund will gradually become more conservative over time. Performance data quoted represents past performance and does not guarantee future results. Performance for periods greater than one year is annualized. Your investment may fluctuate in value and there is a potential for loss as well as profit.

Expense Ratio

Gross 0.51%
Net 0.49%*

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

Top Ten Investments

As of 06/30/2021

TREASURY NOTES 5.37%
AMAZON.COM INC 2.75%
FACEBOOK INC -A 2.65%
MICROSOFT CORP 2.18%
ALPHABET INC-CL A 2.07%
MASTERCARD INC-CLASS A 1.82%
PAYPAL HOLDINGS INC 1.72%
SEA LTD - ADR 1.64%
JOHNSON & JOHNSON 1.61%
MONDELEZ INTERNATIONAL INC 1.59%

This investment list is unaudited and excludes cash.

Asset Allocation

As of 06/30/2021

Stocks 82.36%
Bonds 15.37%
Cash 2.27%

Detailed Asset Class Allocation

As of 06/30/2021

International Equities 21.29%
Small Capitalization 1.10%
Mid Capitalization 8.34%
Large Capitalization 51.63%
Long Term Fixed Income 4.58%
Intermediate Term Fixed Income 10.47%
Short Term Fixed Income 0.32%
Cash 2.27%

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

June Fund Holdings

As of 06/30/2021

CUSIP Security Description Country Ticker Shares/Par Market Value (USD)
00206RDQ2 AT&T INC 4.25000 03/01/2027 US 26,088.84 $29,609.84
00435F309 ACCOR SA-SPONSORED ADR FR ACCYY 14,272.17 $107,041.28
00507V109 ACTIVISION INC US ATVI 2,301.53 $219,657.70
00724F101 ADOBE INC US ADBE 225.52 $132,073.41
00842XAA7 AFFINITY GAMING 6.87500 12/15/2027 US 4,210.01 $4,467.88
008474108 AGNICO EAGLE MINES LTD CA AEM 851.03 $51,444.91
008492100 AGREE REALTY CORP US ADC 136.5 $9,621.96
009126202 AIR LIQUIDE-ADR FR AIQUY 7,228.8 $254,020.18
00912XAV6 AIR LEASE CORP 3.62500 04/01/2027 US 28,799.17 $30,930.87
01166WAA5 ALASKA AIR 2020-1 CL B 8.00000 08/15/2025 US 9,360.15 $10,498.53
01609WAU6 ALIBABA GROUP HOLDING 4.00000 12/06/2037 KY 55,665.13 $62,509.40
01879NAA3 ALLIANCE RES OP/FINANCE 7.50000 05/01/2025 US 3,821.46 $3,730.70
020002101 ALLSTATE CORPORATION US ALL 48.06 $6,269.43
02079K107 ALPHABET INC-CL C US GOOG 29.92 $74,986.75
02079K305 ALPHABET INC-CL A US GOOGL 310.3 $757,685.55
023135106 AMAZON.COM INC US AMZN 291.99 $1,004,475.62
0237400 DIAGEO PLC GB DGE LN 5,806.08 $278,276.98
024835100 AMERICAN CAMPUS COMMUNITIES US ACC 189.09 $8,834.45
025816109 AMERICAN EXPRESS CO US AXP 1,139.18 $188,226.39
02665T306 AMERICAN HOMES 4 RENT- A US AMH 591.03 $22,961.42
03027X100 AMERICAN TOWER REIT INC US AMT 1,216.01 $328,492.03
03027XAW0 AMERICAN TOWER CORP 3.80000 08/15/2029 US 81,374.99 $90,753.80
03064D108 AMERICOLD REALTY TRUST US COLD 296.89 $11,237.41
032654105 ANALOG DEVICES INC US ADI 51.48 $8,862.33
03784Y200 APPLE HOSPITALITY REIT INC US APLE 554.7 $8,464.76
038923AS7 ARBOR REALTY TRUST INC 8.00000 04/30/2023 US 7,064.86 $7,467.25
039483102 ARCHER-DANIELS-MIDLAND CO US ADM 97 $5,878.33
045054AJ2 ASHTEAD CAPITAL INC 4.00000 05/01/2028 US 32,883.84 $34,779.59
053015103 AUTOMATIC DATA PROCESSING US ADP 53.63 $10,651.89
053332102 AUTOZONE INC US AZO 86.65 $129,298.95
053484101 AVALONBAY COMMUNITIES INC US AVB 79.43 $16,575.30
05401AAP6 AVALON HOLDINGS FNDG LTD 2.75000 02/21/2028 KY 137,509.05 $136,172.97
055622104 BP PLC-SPONS ADR GB BP 3,363.24 $88,856.67
05567SAA0 BNSF FUNDING TRUST I 6.61300 12/15/2055 US 26,576.93 $30,426.33
067901108 BARRICK GOLD CORP CA GOLD 2,618.19 $54,144.07
071734AM9 BAUSCH HEALTH COS INC 5.00000 02/15/2029 CA 7,064.86 $6,587.98
07403VAA7 BEASLEY MEZ HLDGS LLC 8.62500 02/01/2026 US 5,709.69 $5,766.79
084423102 WR BERKLEY CORP US WRB 3,412.58 $253,998.24
084670702 BERKSHIRE HATHAWAY INC-CL B US BRK/B 673.74 $187,244.60
086516101 BEST BUY INC US BBY 48.29 $5,552.14
09061G101 BIOMARIN PHARMACEUTICAL INC US BMRN 4,240.3 $353,810.32
09247X101 BLACKROCK INC US BLK 352.42 $308,359.77
09261XAA0 BLACKSTONE SECURED LEND 2.75000 09/16/2026 US 30,732.39 $31,161.51
0963318 DECHRA PHARMACEUTICALS PLC GB DPH LN 371.83 $22,476.97
099502106 BOOZ ALLEN HAMILTON HOLDINGS US BAH 33.8 $2,879.46
101137107 BOSTON SCIENTIFIC CORP US BSX 3,079.33 $131,672.24
10373QBR0 BP CAP MARKETS AMERICA 3.06000 06/17/2041 US 76,731.44 $77,541.72
105368203 BRANDYWINE REALTY TRUST US BDN 645.91 $8,855.36
110122108 BRISTOL MYERS SQUIBB CO US BMY 239.5 $16,003.41
11133T103 BROADRIDGE FINANCIAL SOLUTIONS US BR 23.84 $3,850.64
12345678 JONAH ENERGY PARENT LLC US 288.98 $4,334.64
12467AAF5 C&S GROUP ENTERPRISES LL 5.00000 12/15/2028 US 7,886.96 $7,817.95
12503M108 CBOE GLOBAL MARKETS INC US CBOE 1,096.51 $130,540.02
12514G108 CDW CORP/DE US CDW 707.88 $123,630.76
125269100 CF INDUSTRIES HOLDINGS INC US CF 50.78 $2,612.52
12530MAA3 SORT 2020-1 A1 MTGE 1.69000 07/15/2060 US 20,687.91 $21,029.20
12530MAB1 SORT 2020-1 A2 1.99000 07/15/2060 US 17,081.88 $17,351.69
12541W209 C.H. ROBINSON WORLDWIDE INC US CHRW 30.62 $2,867.70
12555DAA3 CIM 2019-INV1 A1 4.00000 02/25/2049 US 3,238.5 $3,285.05
12572Q105 CME GROUP INC US CME 534.42 $113,661.38
12598FAA7 CPI CG INC 8.62500 03/15/2026 US 6,387.28 $6,786.48
12646XAH5 CSMC 2013-IVR3 A1 2.50000 05/25/2043 US 8,190.9 $8,280.94
127097103 CABOT OIL & GAS CORP US COG 18,432.94 $321,839.14
133131102 CAMDEN PROPERTY TRUST US CPT 94.38 $12,521.11
13321L108 CAMECO CORP CA CCJ 11,774.24 $225,829.96
134429109 CAMPBELL SOUP CO US CPB 66.07 $3,012.01
136375102 CANADIAN NATIONAL RAILWAY CO CA CNI 3,605.76 $380,480.10
14174T107 CARETRUST REIT INC US CTRE 246.19 $5,719.06
149123101 CATERPILLAR INC US CAT 61.84 $13,458.39
156700BA3 CENTURYLINK INC 7.50000 04/01/2024 US 4,354.53 $4,887.96
16119P108 CHARTER COMMUNICATIONS INC-A US CHTR 461.72 $333,104.66
172062101 CINCINNATI FINANCIAL CORP US CINF 32.69 $3,812.02
17275R102 CISCO SYSTEMS INC US CSCO 382.45 $20,270.06
172967424 CITIGROUP INC US C 207.11 $14,653.09
172967KA8 CITIGROUP INCA 4.45000 09/29/2027 US 53,153.86 $60,722.94
180848P56 CLARK CNTY NV 1.51000 11/01/2028 US 27,199.15 $26,977.75
189054109 CLOROX COMPANY US CLX 23.44 $4,217.27
191216100 COCA COLA CO/THE US KO 9,730.93 $526,540.50
194162103 COLGATE-PALMOLIVE CO US CL 116.11 $9,445.54
20030N101 COMCAST CORP-CL A US CMCSA 404.94 $23,089.93
200340107 COMERICA INC US CMA 33.41 $2,383.24
20369C106 COMMUNITY HEALTHCARE TRUST I US CHCT 235.39 $11,171.64
205887102 CONAGRA BRAND INC. US CAG 102.56 $3,731.03
20825C104 CONOCOPHILLIPS US COP 4,356.85 $265,332.25
21036P108 CONSTELLATION BRANDS INC-A US STZ 518.73 $121,324.97
21240E105 CONTROLADORA VUELA CIA DE AV MX VLRS 1,349.17 $25,917.62
217204106 COPART INC US CPRT 1,360.21 $179,316.21
222795502 COUSINS PROPERTIES INC US CUZ 567.8 $20,883.53
225310AM3 CREDIT ACCEPTANC 6.62500 03/15/2026 US 6,387.28 $6,722.61
22534GAA1 CAALT 2020-1A 2.01000 02/15/2029 US 26,879.27 $27,342.09
22822V101 CROWN CASTLE INTL CORP US CCI 30.85 $6,019.13
22822VAN1 CROWN CASTLE INTL CORP 3.10000 11/15/2029 US 61,541.42 $65,339.19
22944PAA5 CSMC 2013-TH1 A1 2.13000 02/25/2043 US 5,250.38 $5,329.94
231021106 CUMMINS INC US CMI 25.38 $6,187.89
253868103 DIGITAL REALTY TRUST INC US DLR 154.94 $23,311.54
254687106 WALT DISNEY CO/THE US DIS 685.88 $120,557.97
256677105 DOLLAR GENERAL CORP US DG 1,523.09 $329,582.11
256746108 DOLLAR TREE STORES INC US DLTR 3,726.49 $370,785.59
25960P109 DOUGLAS EMMETT INC US DEI 243.24 $8,177.87
26150TAE9 DRAWBRIDGE SPEC OPPOR FU 3.87500 02/15/2026 US 7,225.61 $7,494.91
264411505 DUKE RLTY INVTS INC US DRE 401.47 $19,009.83
267475AD3 DYCOM INDUSTRIES INC 4.50000 04/15/2029 US 6,531.79 $6,588.35
26875P101 EOG RESOURCES INC US EOG 2,125.7 $177,368.30
26884L109 EQT CORP US EQT 12,611.24 $280,726.22
2715777 QUEBECOR INC -CL B CA QBR/B CN 819.28 $21,849.98
27579R104 EAST WEST BANCORP INC US EWBC 2,620.99 $187,898.60
277432100 EASTMAN CHEM CO US EMN 29.5 $3,444.13
285512109 ELECTRONIC ARTS US EA 1,877.95 $270,106.24
291011104 EMERSON ELEC CO US EMR 86.77 $8,350.97
29273RAR0 ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 US 74,509.2 $96,779.44
29275YAC6 ENERSYS 4.37500 12/15/2027 US 4,210.01 $4,381.32
29278MAC9 ENERGY VEB/ENVEN FIN 11.75000 04/15/2026 US 6,531.79 $6,811.87
29444U700 EQUINIX INC US EQIX 336.72 $270,249.79
29472R108 EQUITY LIFESTYLE PROPERTIES US ELS 252.16 $18,738.21
297178105 ESSEX PROPERTY TRUST INC US ESS 56.4 $16,919.95
30212P303 EXPEDIA INC US EXPE 3,114.78 $509,920.82
30212PBK0 EXPEDIA GROUP INC 4.62500 08/01/2027 US 27,154.98 $30,704.31
30225T102 EXTRA SPACE STORAGE INC US EXR 97.62 $15,992.32
30231G102 EXXON MOBIL CORP US XOM 2,214.98 $139,721.02
302491303 FMC CORP US FMC 2,266.5 $245,235.55
30264DAA7 FS ENERGY & POWER FUND 7.50000 08/15/2023 US 7,353.89 $7,592.89
30286XAN9 FREMF 2015-K43 B FLT 3.85979 02/25/2048 US 60,695.13 $65,815.31
30291HAA5 FREMF 2013-K28 X2A 0.10000 06/25/2046 US 3,878,301.68 $4,379.77
30303M102 FACEBOOK INC -A US FB 2,786.24 $968,802.77
303250104 FAIR ISAAC CORP US FICO 466.22 $234,360.00
3128M5DD9 FHLM POOL G03400 5.50000 03/01/2037 US 4,488.75 $5,218.85
3128M6NC8 FHLM POOL G04587 5.50000 08/01/2038 US 2,833.35 $3,298.52
3128M73P9 FHLM POOL G05906 6.00000 04/01/2040 US 2,190.04 $2,596.65
3128MB4Q7 FHLM POOL G13331 5.50000 10/01/2023 US 49.09 $50.49
3128MBDP9 FHLM POOL G12610 6.00000 03/01/2022 US 33.28 $33.55
3128MBE45 FHLM POOL G12655 6.00000 05/01/2022 US 29.48 $29.72
3128MBRH2 FHLM POOL G12988 6.00000 01/01/2023 US 50.48 $51.57
3128MBUB1 FHLM POOL G13078 6.00000 03/01/2023 US 70.77 $72.27
3128MJ2U3 FHLM GOLD POOL FG G08786 4.50000 10/01/2047 US 15,483.2 $16,819.47
3128MJJT8 FHLM POOL G08273 5.50000 06/01/2038 US 3,934.98 $4,584.93
3128P76R9 FHLM POOL C91780 4.50000 07/01/2034 US 16,628.03 $18,185.33
3132DWAG8 FEDERAL NATL MTG ASSN FR SD8107 2.50000 11/01/2050 US 64,412.56 $66,726.90
3132LMMM5 FHLM POOL K91364 4.50000 11/01/2033 US 3,852.32 $4,145.47
3132LNE83 FHLM POOL K92059 4.50000 09/01/2034 US 11,302.38 $12,207.44
3133KYU98 FHLM POOL RB5108 2.00000 04/01/2041 US 54,199.6 $55,404.56
3136AY6W8 FNA 2017-M15 A1 FLT 3.05795 09/25/2027 US 33,902.9 $36,294.01
3136B1YD0 FNR 2018-31 KP 3.50000 07/25/2047 US 3,698.61 $3,806.72
3137AJMG6 FMHS K016 X1 FLT 1.64991 10/25/2021 US 59,077.3 $2.33
3137AME78 FHMS K017 X1 FLT 1.43130 12/25/2021 US 707,115.9 $276.62
3137AUPF0 FHMS K021 x1 FLT 1.52606 06/25/2022 US 326,498.4 $2,507.41
3137B3NB0 FHMS K030 X1 FLT 0.27352 04/25/2023 US 1,231,565.9 $3,076.08
3137B4GZ3 FHMS K032 X1 FLT 0.19884 05/25/2023 US 806,706.55 $1,612.69
3137F4YU0 FHR 4791 BA MTGE 4.00000 03/15/2044 US 1,330.37 $1,332.03
3138ABBY4 FEDERAL NATL MTG ASSN AH9054 4.50000 04/01/2041 US 3,170.44 $3,559.04
3138ETT89 FEDERAL NATL MTG ASSN AL8674 FLT 5.64600 01/01/2049 US 57,649.22 $65,796.33
31403DDX4 FEDERAL NATL MTG ASSN 745418 5.50000 04/01/2036 US 9,874.4 $11,449.35
31407EJW4 FEDERAL NATL MTG ASSN 828377 5.50000 06/01/2035 US 5,155.03 $5,972.55
31410FSE6 FEDERAL NATL MTG ASSN 888017 6.00000 11/01/2021 US 3.62 $3.62
31410FV51 FEDERAL NATL MTG ASSN 888136 6.00000 12/01/2021 US 11.81 $11.85
31410GCD3 FEDERAL NATL MTG ASSN 888468 5.50000 09/01/2021 US .06 $0.06
31410GN33 FEDERAL NATL MTG ASSN 888810 5.50000 11/01/2022 US 11.92 $11.99
31410KGB4 FEDERAL NATL MTG ASSN 889494 5.50000 01/01/2037 US 9,342.45 $10,833.08
31411JXP6 FEDERAL NATL MTG ASSN 909786 5.50000 03/01/2037 US 1,610.83 $1,861.08
31416BSW9 FEDERAL NATL MTG ASSN 995233 5.50000 10/01/2021 US .03 $0.03
31416BVW5 FEDERAL NATL MTG ASSN 995329 5.50000 12/01/2021 US 10.91 $10.95
31418BDH6 FEDERAL NATL MTG ASSN MA1903 4.50000 05/01/2034 US 14,873.69 $16,261.57
31418CYJ7 FEDERAL NATL MTG ASSN FN MA3412 3.50000 07/01/2038 US 5,617.71 $5,928.89
31418DU59 FEDERAL NATL MTG FN MA4203 2.50000 12/01/2040 US 57,809.53 $60,020.91
31418MG63 FEDERAL NATL MTG ASSN AD0220 6.00000 10/01/2038 US 792.06 $940.75
31418MQQ8 FEDERAL NATL MTG ASSN AD0462 5.50000 10/01/2024 US 132.96 $138.89
31620R303 FNF GROUP US FNF 68.04 $2,956.81
316773100 FIFTH THIRD BANCORP US FITB 121.23 $4,634.45
32054K103 FIRST INDUSTRIAL REALTY TR US FR 143.28 $7,483.75
34461LAA2 FONTAINEBLEAU MIAMI BEACH TRUST 3.14400 12/10/2036 US 28,035.37 $29,506.42
345370CW8 FORD MOTOR COMPANY 9.00000 04/22/2025 US 7,209.37 $8,888.22
346232AF8 FORESTAR GROUP INC 3.85000 05/15/2026 US 4,743.09 $4,786.01
34960PAC5 FORTRESS TRANS & INFRAST 9.75000 08/01/2027 US 4,499.04 $5,202.01
357081AE8 FREMF 2015-K720 B FLT 3.51073 07/25/2022 US 30,925.61 $31,731.33
36257MAA3 GSMS 2019-70P A 1.07300 10/15/2036 US 26,734.76 $26,734.52
369550108 GENERAL DYNAMICS CORP US GD 41.4 $7,794.87
369604BQ5 GENERAL ELECTRIC CO 3.44888 01/21/2099 US 59,891.38 $58,903.17
370334104 GENERAL MLS INC US GIS 101.76 $6,200.35
372460105 GENUINE PARTS CO US GPC 29.62 $3,745.49
37255LAA5 GENWORTH MORTGAGE HLDING 6.50000 08/15/2025 US 6,387.28 $7,040.06
374297109 GETTY REALTY CORP US GTY 292.61 $9,114.78
375558103 GILEAD SCIENCES INC US GILD 158.55 $10,917.89
382550BL4 GOODYEAR TIRE & RUBBER 5.00000 07/15/2029 US 7,064.86 $7,396.91
38379RRX3 GNR 2017-54 AH MTGE 2.60000 12/16/2056 US 28,471.36 $29,425.67
384802104 WW GRAINGER INC US GWW 10.36 $4,539.17
388689101 GRAPHIC PACKAGING HOLDING CO US GPK 16,883.55 $306,267.65
400501102 GRUPO AEROPORTUARIO CEN-ADR MX OMAB 959.59 $50,099.98
400506101 GRUPO AEROPORTUARIO PAC-ADR MX PAC 535.5 $57,239.67
40051E202 GRUPO AEROPORTUARIO DEL SURESTE MX ASR 344.3 $63,661.34
4012250 AIRBUS SE FR AIR FP 94.42 $12,166.86
4031976 ADIDAS AG DE ADS GR 375.93 $140,281.97
404119BX6 HCA INC 4.12500 06/15/2029 US 40,687.49 $45,858.55
416515104 HARTFORD FINL SVCS US HIG 67 $4,151.87
418751AE3 HAT HOLDINGS I LLC/HAT 3.37500 06/15/2026 US 6,531.79 $6,580.78
419792A22 HAWAII ST 2.68200 10/01/2030 US 2,890.24 $2,933.14
42225P501 HEALTHCARE TRUST OF AMERICA US HTA 331.65 $8,855.05
42250P103 HEALTHPEAK PROPERTIES INC US PEAK 354.82 $11,812.02
423012301 HEINEKEN NV-SPN ADR NL HEINY 3,860.73 $234,534.95
427866108 HERSHEY CO/THE US HSY 35.27 $6,143.00
42805E306 HESKA CORP US HSKA 406.67 $93,423.41
42806MAA7 HERTZ 2021-1A A 1.21000 12/26/2025 US 26,012.2 $25,998.15
43300A203 HILTON WORLDWIDE HOLDINGS INC US HLT 66.71 $8,046.34
437076102 HOME DEPOT INC US HD 84.67 $27,000.71
438516106 HONEYWELL INTERNATIONAL INC US HON 70.48 $15,459.43
44267DAE7 HOWARD HUGHES CORP 4.12500 02/01/2029 US 4,499.04 $4,498.27
443510607 HUBBELL INC US HUBB 12.68 $2,369.14
446150104 HUNTINGTON BANCSHARES US HBAN 204.52 $2,918.46
448579102 HYATT HOTEL US H 2,784.19 $216,164.39
44988FAC4 IIP OPERATING PARTNER 5.50000 05/25/2026 US 6,531.79 $6,723.74
450913AF5 IAMGOLD CORP 5.75000 10/15/2028 CA 7,209.37 $7,500.27
451102BX4 ICAHN ENTERPRISES/FIN 5.25000 05/15/2027 US 4,887.6 $5,046.44
45168D104 IDEXX LABORATORIES INC US IDXX 425.78 $268,901.53
4519579 KERRY GROUP PLC-A IE KYG ID 112.74 $15,762.63
452308109 ILLINOIS TOOL WKS INC US ITW 41.83 $9,351.80
45682RAA8 INFRABUILD AUSTRALIA PTY 12.00000 10/01/2024 AU 7,353.89 $7,767.54
45778Q107 INSPERITY INC US NSP 2,494.64 $225,440.88
45781V101 INNOVATIVE INDUSTRIAL PROPER US IIPR 17.58 $3,357.37
458140100 INTEL CORP US INTC 351.95 $19,758.22
45866F104 INTERCONTINENTALEXCHANGE INC US ICE 3,053.2 $362,415.05
459200101 INTERNATIONAL BUSINESS MACH CORP US IBM 98.76 $14,476.76
459506101 INTERNATIONAL FLVRS & FRAGRANCES US IFF 40.9 $6,110.56
46116VAE5 INTL FC STORE INC 8.62500 06/15/2025 US 5,854.21 $6,256.68
46120E602 INTUITIVE SURGICAL INC US ISRG 100.17 $92,120.87
46187BAA1 IHSFR 2017-SFR2 A 0.93200 12/17/2036 US 12,767.34 $12,778.53
46187BAB9 IHSFR 2017-SFR2 B 1.23200 12/17/2036 US 10,692.1 $10,706.07
46187W107 INVITATION HOMES INC US INVH 877.51 $32,722.39
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46625H100 JP MORGAN CHASE & CO US JPM 167.72 $26,087.59
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478160104 JOHNSON & JOHNSON US JNJ 3,558.03 $586,150.10
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500754106 KRAFT HEINZ CO/THE US KHC 181.57 $7,404.28
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81745MAA9 SEMT 2013-2 1.87400 02/25/2043 US 6,200 $6,240.74
81762P102 SERVICENOW INC US NOW 1,006.23 $552,974.66
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831865209 SMITH (A.O.) CORP US AOS 37.14 $2,676.19
832696405 JM SMUCKER CO/THE-NEW COM WI US SJM 25.49 $3,302.29
833034101 SNAP-ON INC US SNA 12.44 $2,779.00
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83406TAB8 SOFI 2020-A A2FX MTGE 2.54000 05/15/2046 US 19,220.12 $19,857.87
83419MAA0 SOLARIS MIDSTREAM HOLDIN 7.62500 04/01/2026 US 6,531.79 $6,923.70
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866674104 SUN COMMUNITIES US SUI 172.78 $29,613.98
87105L104 SWITCH INC - A US SWCH 1,124.17 $23,731.18
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88032WAN6 TENCENT HOLDINGS 3.97500 04/11/2029 KY 100,328.17 $111,927.11
88146M101 TERRENO REALTY CORP US TRNO 172.6 $11,136.38
883556102 THERMO FISHER SCIENTIFIC INC US TMO 488.59 $246,480.30
88579Y101 3M CO US MMM 65.96 $13,101.79
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89173FAA8 TPMT 2017-1 A1 2.75000 10/25/2056 US 14,719.22 $14,944.47
89177EAA7 TPMT 2019-HY1 A1 1.09150 10/25/2048 US 15,688.43 $15,800.06
89417E109 TRAVELLERS COS INC US TRV 39 $5,838.63
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89613GAA4 TAH 2020-SFR1 A 1.49900 07/17/2038 US 35,806.57 $35,782.50
89680HAE2 TCF 2021-1A 1.86000 03/20/2046 US 27,581.06 $27,422.19
902494103 TYSON FOODS INC -CL A US TSN 65.67 $4,843.81
902653104 UDR INC US UDR 316.57 $15,505.45
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931142103 WAL MART STORES US WMT 191.13 $26,953.83
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95040Q104 WELLTOWER INC. US WELL 133.58 $11,100.29
963320106 WHIRLPOOL CORP US WHR 14.06 $3,064.71
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98978V103 ZOETIS INC US ZTS 625.68 $116,602.16
B02J639 ADMIRAL GROUP PLC GB ADM LN 1,044.28 $45,439.05
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B1Y9TB3 DANONE FR BN FP 439.78 $30,940.47
B1YXBJ7 AIR LIQUIDE FR AI FP 222.46 $39,008.80
B3QJ0H8 TOURMALINE OIL CORP CA TOU CN 911.1 $26,040.94
B4888C1 CANADIAN GOVERNMENT FLT 2.75000 06/01/2022 CA 15,318.29 $12,638.47
B4NDCC9 MEX BONOS DESARR FIX RT 6.50000 06/09/2022 MX 89,597.57 $4,537.10
B4YVF56 BRENNTAG AG DE BNR GR 1,503.71 $139,954.22
B6TC406 MEX BONOS DESARR FIX RT 7.75000 05/29/2031 MX 43,353.66 $2,295.65
BBQ3850 KEYWORDS STUDIOS PLC IE KWS LN 277.73 $9,566.31
BFZZM64 S4 CAPITAL PLC GB SFOR LN 3,089.35 $26,837.53
BGHQ198 HIBERNIA REIT PLC IE HBRN ID 3,689.14 $5,424.26
BJ2KSG2 AKZO NOBEL NL AKZA NA 98.85 $12,239.55
BK0939417 AMERICAN TANKER INC 7.75000 07/02/2025 US 11,608.88 $11,910.71
BKWD4B5 SOFTWAREONE HOLDING AG CH SWON SW 979.44 $23,171.54
BMMV2K8 TENCENT HOLDINGS LTD CN 700 HK 6,236.82 $469,586.10
BMXKJ81 FLAGSHIP COMMUNITIES REIT UT US MHC/U CN 486.99 $8,619.75
BN7860420 PETROTAL CORP 12.00000 02/16/2024 CA 5,565.18 $5,732.14
BNGN9Z1 FINECOBANK SPA IT FBK IM 2,709.75 $47,288.77
BP3061408 AIRSWIFT GLOBAL AS FLT 8.66750 05/12/2025 NO 5,780.49 $5,722.68
BVYVFW2 AUTO TRADER GROUP PLC GB AUTO LN 1,771.19 $15,512.08
BW1YVH8 WALMART DE MEXICO SAB DE CV MX WALMEX MM 4,599.3 $15,022.59
BYPC1T4 ASSA ABLOY AB-B SE ASSAB SS 362.65 $10,933.13
BYT1DJ1 INTERMEDIATE CAPITAL GROUP GB ICP LN 877.22 $25,801.73
BYYHL23 ANHEUSER-BUSCH INBEV SA/NV BE ABI BB 1,746.36 $125,892.80
BZ1HM42 ADYEN NV NL ADYEN NA 7.08 $17,370.93
G0772R208 BANK OF N.T. BUTTERFIELD&SON BM NTB 401.36 $14,228.27
G16962105 BUNGE LIMITED US BG 34.02 $2,658.48
G29183103 EATON CORP PLC US ETN 56.12 $8,315.79
G3223R108 EVEREST RE GROUP LTD BM RE 9.6 $2,418.59
G51502105 JOHNSON CONTROLS INTERNATIONAL US JCI 124.12 $8,518.63
G5494J103 LINDE PLC GB LIN 54.88 $15,865.80
G5960L103 MEDTRONIC INC IE MDT 2,502.42 $310,625.62
G85158106 STONECO LTD-A BR STNE 378.98 $25,414.51
G97822103 PERRIGO CO PLC IE PRGO 488.6 $22,402.19
H01301128 ALCON INC CH ALC 3,641.91 $255,880.84
H1467J104 CHUBB LTD CH CB 56.44 $8,970.17
H2906T109 GARMIN LTD CH GRMN 35.24 $5,097.00
ZO1818103 NAVIGATOR HOLDINGS LTD 8.00000 09/10/2025 MH 15,992.14 $16,711.79
ZO4110185 BROOGE PETROLEUM AND GAS 8.50000 09/24/2025 AE 21,322.86 $20,736.48

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

$19.86

Daily $ Change

-$0.04

Daily % Change

-0.20%

as of 08/04/2021

CUSIP

56382R811

Inception Date

05/14/2015

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

Important Documents

Annual Report
Fact Sheet
Applications & Forms

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

Investment Objective

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

Investment Strategy

Currently: The portfolio is currently invested in a moderately aggressive, growth-oriented mix of stocks, bonds, alternatives, and cash that seeks to earn the long-term growth typically associated with the stock market without full market risk. The portfolio is diversified primarily among various stock investments in both domestic and foreign markets, with a portion of the portfolio invested in fixed income securities. Stock exposure can range from 62% - 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 15% - 45%.

May be Appropriate for Investors

  • Who plan to stop contributions and start periodic withdrawals around the year 2045
  • Who generally have time to withstand market volatility and can accept very 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 06/30/2021

YTD

11.96%

1 Year

33.29%

3 Year

16.61%

5 Year

15.27%

10 Year

10.89%

Inception
(01/01/2000)

8.89%

Performance through the inception date of the Retirement Target CIT Class U1 units is based on the historical performance of the CIT’s oldest unit class. Performance through the inception date of the oldest unit class (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 U1 expenses. The Retirement Target CIT Fund will gradually become more conservative over time. Performance data quoted represents past performance and does not guarantee future results. Performance for periods greater than one year is annualized. Your investment may fluctuate in value and there is a potential for loss as well as profit.

Expense Ratio

Gross 0.51%
Net 0.49%*

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

Top Ten Investments

As of 06/30/2021

TREASURY NOTES 5.37%
AMAZON.COM INC 2.75%
FACEBOOK INC -A 2.65%
MICROSOFT CORP 2.18%
ALPHABET INC-CL A 2.07%
MASTERCARD INC-CLASS A 1.82%
PAYPAL HOLDINGS INC 1.72%
SEA LTD - ADR 1.64%
JOHNSON & JOHNSON 1.61%
MONDELEZ INTERNATIONAL INC 1.59%

This investment list is unaudited and excludes cash.

Asset Allocation

As of 06/30/2021

Stocks
82.36%
Bonds
15.37%
Cash
2.27%

Detailed Asset Class Allocation

As of 06/30/2021

International Equities
21.29%
Small Capitalization
1.10%
Mid Capitalization
8.34%
Large Capitalization
51.63%
Long Term Fixed Income
4.58%
Intermediate Term Fixed Income
10.47%
Short Term Fixed Income
0.32%
Cash
2.27%

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

June Fund Holdings

As of 06/30/2021

CUSIP Security Description Country Ticker Shares/Par Market Value (USD)
00206RDQ2 AT&T INC 4.25000 03/01/2027 US 26,088.84 $29,609.84
00435F309 ACCOR SA-SPONSORED ADR FR ACCYY 14,272.17 $107,041.28
00507V109 ACTIVISION INC US ATVI 2,301.53 $219,657.70
00724F101 ADOBE INC US ADBE 225.52 $132,073.41
00842XAA7 AFFINITY GAMING 6.87500 12/15/2027 US 4,210.01 $4,467.88
008474108 AGNICO EAGLE MINES LTD CA AEM 851.03 $51,444.91
008492100 AGREE REALTY CORP US ADC 136.5 $9,621.96
009126202 AIR LIQUIDE-ADR FR AIQUY 7,228.8 $254,020.18
00912XAV6 AIR LEASE CORP 3.62500 04/01/2027 US 28,799.17 $30,930.87
01166WAA5 ALASKA AIR 2020-1 CL B 8.00000 08/15/2025 US 9,360.15 $10,498.53
01609WAU6 ALIBABA GROUP HOLDING 4.00000 12/06/2037 KY 55,665.13 $62,509.40
01879NAA3 ALLIANCE RES OP/FINANCE 7.50000 05/01/2025 US 3,821.46 $3,730.70
020002101 ALLSTATE CORPORATION US ALL 48.06 $6,269.43
02079K107 ALPHABET INC-CL C US GOOG 29.92 $74,986.75
02079K305 ALPHABET INC-CL A US GOOGL 310.3 $757,685.55
023135106 AMAZON.COM INC US AMZN 291.99 $1,004,475.62
0237400 DIAGEO PLC GB DGE LN 5,806.08 $278,276.98
024835100 AMERICAN CAMPUS COMMUNITIES US ACC 189.09 $8,834.45
025816109 AMERICAN EXPRESS CO US AXP 1,139.18 $188,226.39
02665T306 AMERICAN HOMES 4 RENT- A US AMH 591.03 $22,961.42
03027X100 AMERICAN TOWER REIT INC US AMT 1,216.01 $328,492.03
03027XAW0 AMERICAN TOWER CORP 3.80000 08/15/2029 US 81,374.99 $90,753.80
03064D108 AMERICOLD REALTY TRUST US COLD 296.89 $11,237.41
032654105 ANALOG DEVICES INC US ADI 51.48 $8,862.33
03784Y200 APPLE HOSPITALITY REIT INC US APLE 554.7 $8,464.76
038923AS7 ARBOR REALTY TRUST INC 8.00000 04/30/2023 US 7,064.86 $7,467.25
039483102 ARCHER-DANIELS-MIDLAND CO US ADM 97 $5,878.33
045054AJ2 ASHTEAD CAPITAL INC 4.00000 05/01/2028 US 32,883.84 $34,779.59
053015103 AUTOMATIC DATA PROCESSING US ADP 53.63 $10,651.89
053332102 AUTOZONE INC US AZO 86.65 $129,298.95
053484101 AVALONBAY COMMUNITIES INC US AVB 79.43 $16,575.30
05401AAP6 AVALON HOLDINGS FNDG LTD 2.75000 02/21/2028 KY 137,509.05 $136,172.97
055622104 BP PLC-SPONS ADR GB BP 3,363.24 $88,856.67
05567SAA0 BNSF FUNDING TRUST I 6.61300 12/15/2055 US 26,576.93 $30,426.33
067901108 BARRICK GOLD CORP CA GOLD 2,618.19 $54,144.07
071734AM9 BAUSCH HEALTH COS INC 5.00000 02/15/2029 CA 7,064.86 $6,587.98
07403VAA7 BEASLEY MEZ HLDGS LLC 8.62500 02/01/2026 US 5,709.69 $5,766.79
084423102 WR BERKLEY CORP US WRB 3,412.58 $253,998.24
084670702 BERKSHIRE HATHAWAY INC-CL B US BRK/B 673.74 $187,244.60
086516101 BEST BUY INC US BBY 48.29 $5,552.14
09061G101 BIOMARIN PHARMACEUTICAL INC US BMRN 4,240.3 $353,810.32
09247X101 BLACKROCK INC US BLK 352.42 $308,359.77
09261XAA0 BLACKSTONE SECURED LEND 2.75000 09/16/2026 US 30,732.39 $31,161.51
0963318 DECHRA PHARMACEUTICALS PLC GB DPH LN 371.83 $22,476.97
099502106 BOOZ ALLEN HAMILTON HOLDINGS US BAH 33.8 $2,879.46
101137107 BOSTON SCIENTIFIC CORP US BSX 3,079.33 $131,672.24
10373QBR0 BP CAP MARKETS AMERICA 3.06000 06/17/2041 US 76,731.44 $77,541.72
105368203 BRANDYWINE REALTY TRUST US BDN 645.91 $8,855.36
110122108 BRISTOL MYERS SQUIBB CO US BMY 239.5 $16,003.41
11133T103 BROADRIDGE FINANCIAL SOLUTIONS US BR 23.84 $3,850.64
12345678 JONAH ENERGY PARENT LLC US 288.98 $4,334.64
12467AAF5 C&S GROUP ENTERPRISES LL 5.00000 12/15/2028 US 7,886.96 $7,817.95
12503M108 CBOE GLOBAL MARKETS INC US CBOE 1,096.51 $130,540.02
12514G108 CDW CORP/DE US CDW 707.88 $123,630.76
125269100 CF INDUSTRIES HOLDINGS INC US CF 50.78 $2,612.52
12530MAA3 SORT 2020-1 A1 MTGE 1.69000 07/15/2060 US 20,687.91 $21,029.20
12530MAB1 SORT 2020-1 A2 1.99000 07/15/2060 US 17,081.88 $17,351.69
12541W209 C.H. ROBINSON WORLDWIDE INC US CHRW 30.62 $2,867.70
12555DAA3 CIM 2019-INV1 A1 4.00000 02/25/2049 US 3,238.5 $3,285.05
12572Q105 CME GROUP INC US CME 534.42 $113,661.38
12598FAA7 CPI CG INC 8.62500 03/15/2026 US 6,387.28 $6,786.48
12646XAH5 CSMC 2013-IVR3 A1 2.50000 05/25/2043 US 8,190.9 $8,280.94
127097103 CABOT OIL & GAS CORP US COG 18,432.94 $321,839.14
133131102 CAMDEN PROPERTY TRUST US CPT 94.38 $12,521.11
13321L108 CAMECO CORP CA CCJ 11,774.24 $225,829.96
134429109 CAMPBELL SOUP CO US CPB 66.07 $3,012.01
136375102 CANADIAN NATIONAL RAILWAY CO CA CNI 3,605.76 $380,480.10
14174T107 CARETRUST REIT INC US CTRE 246.19 $5,719.06
149123101 CATERPILLAR INC US CAT 61.84 $13,458.39
156700BA3 CENTURYLINK INC 7.50000 04/01/2024 US 4,354.53 $4,887.96
16119P108 CHARTER COMMUNICATIONS INC-A US CHTR 461.72 $333,104.66
172062101 CINCINNATI FINANCIAL CORP US CINF 32.69 $3,812.02
17275R102 CISCO SYSTEMS INC US CSCO 382.45 $20,270.06
172967424 CITIGROUP INC US C 207.11 $14,653.09
172967KA8 CITIGROUP INCA 4.45000 09/29/2027 US 53,153.86 $60,722.94
180848P56 CLARK CNTY NV 1.51000 11/01/2028 US 27,199.15 $26,977.75
189054109 CLOROX COMPANY US CLX 23.44 $4,217.27
191216100 COCA COLA CO/THE US KO 9,730.93 $526,540.50
194162103 COLGATE-PALMOLIVE CO US CL 116.11 $9,445.54
20030N101 COMCAST CORP-CL A US CMCSA 404.94 $23,089.93
200340107 COMERICA INC US CMA 33.41 $2,383.24
20369C106 COMMUNITY HEALTHCARE TRUST I US CHCT 235.39 $11,171.64
205887102 CONAGRA BRAND INC. US CAG 102.56 $3,731.03
20825C104 CONOCOPHILLIPS US COP 4,356.85 $265,332.25
21036P108 CONSTELLATION BRANDS INC-A US STZ 518.73 $121,324.97
21240E105 CONTROLADORA VUELA CIA DE AV MX VLRS 1,349.17 $25,917.62
217204106 COPART INC US CPRT 1,360.21 $179,316.21
222795502 COUSINS PROPERTIES INC US CUZ 567.8 $20,883.53
225310AM3 CREDIT ACCEPTANC 6.62500 03/15/2026 US 6,387.28 $6,722.61
22534GAA1 CAALT 2020-1A 2.01000 02/15/2029 US 26,879.27 $27,342.09
22822V101 CROWN CASTLE INTL CORP US CCI 30.85 $6,019.13
22822VAN1 CROWN CASTLE INTL CORP 3.10000 11/15/2029 US 61,541.42 $65,339.19
22944PAA5 CSMC 2013-TH1 A1 2.13000 02/25/2043 US 5,250.38 $5,329.94
231021106 CUMMINS INC US CMI 25.38 $6,187.89
253868103 DIGITAL REALTY TRUST INC US DLR 154.94 $23,311.54
254687106 WALT DISNEY CO/THE US DIS 685.88 $120,557.97
256677105 DOLLAR GENERAL CORP US DG 1,523.09 $329,582.11
256746108 DOLLAR TREE STORES INC US DLTR 3,726.49 $370,785.59
25960P109 DOUGLAS EMMETT INC US DEI 243.24 $8,177.87
26150TAE9 DRAWBRIDGE SPEC OPPOR FU 3.87500 02/15/2026 US 7,225.61 $7,494.91
264411505 DUKE RLTY INVTS INC US DRE 401.47 $19,009.83
267475AD3 DYCOM INDUSTRIES INC 4.50000 04/15/2029 US 6,531.79 $6,588.35
26875P101 EOG RESOURCES INC US EOG 2,125.7 $177,368.30
26884L109 EQT CORP US EQT 12,611.24 $280,726.22
2715777 QUEBECOR INC -CL B CA QBR/B CN 819.28 $21,849.98
27579R104 EAST WEST BANCORP INC US EWBC 2,620.99 $187,898.60
277432100 EASTMAN CHEM CO US EMN 29.5 $3,444.13
285512109 ELECTRONIC ARTS US EA 1,877.95 $270,106.24
291011104 EMERSON ELEC CO US EMR 86.77 $8,350.97
29273RAR0 ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 US 74,509.2 $96,779.44
29275YAC6 ENERSYS 4.37500 12/15/2027 US 4,210.01 $4,381.32
29278MAC9 ENERGY VEB/ENVEN FIN 11.75000 04/15/2026 US 6,531.79 $6,811.87
29444U700 EQUINIX INC US EQIX 336.72 $270,249.79
29472R108 EQUITY LIFESTYLE PROPERTIES US ELS 252.16 $18,738.21
297178105 ESSEX PROPERTY TRUST INC US ESS 56.4 $16,919.95
30212P303 EXPEDIA INC US EXPE 3,114.78 $509,920.82
30212PBK0 EXPEDIA GROUP INC 4.62500 08/01/2027 US 27,154.98 $30,704.31
30225T102 EXTRA SPACE STORAGE INC US EXR 97.62 $15,992.32
30231G102 EXXON MOBIL CORP US XOM 2,214.98 $139,721.02
302491303 FMC CORP US FMC 2,266.5 $245,235.55
30264DAA7 FS ENERGY & POWER FUND 7.50000 08/15/2023 US 7,353.89 $7,592.89
30286XAN9 FREMF 2015-K43 B FLT 3.85979 02/25/2048 US 60,695.13 $65,815.31
30291HAA5 FREMF 2013-K28 X2A 0.10000 06/25/2046 US 3,878,301.68 $4,379.77
30303M102 FACEBOOK INC -A US FB 2,786.24 $968,802.77
303250104 FAIR ISAAC CORP US FICO 466.22 $234,360.00
3128M5DD9 FHLM POOL G03400 5.50000 03/01/2037 US 4,488.75 $5,218.85
3128M6NC8 FHLM POOL G04587 5.50000 08/01/2038 US 2,833.35 $3,298.52
3128M73P9 FHLM POOL G05906 6.00000 04/01/2040 US 2,190.04 $2,596.65
3128MB4Q7 FHLM POOL G13331 5.50000 10/01/2023 US 49.09 $50.49
3128MBDP9 FHLM POOL G12610 6.00000 03/01/2022 US 33.28 $33.55
3128MBE45 FHLM POOL G12655 6.00000 05/01/2022 US 29.48 $29.72
3128MBRH2 FHLM POOL G12988 6.00000 01/01/2023 US 50.48 $51.57
3128MBUB1 FHLM POOL G13078 6.00000 03/01/2023 US 70.77 $72.27
3128MJ2U3 FHLM GOLD POOL FG G08786 4.50000 10/01/2047 US 15,483.2 $16,819.47
3128MJJT8 FHLM POOL G08273 5.50000 06/01/2038 US 3,934.98 $4,584.93
3128P76R9 FHLM POOL C91780 4.50000 07/01/2034 US 16,628.03 $18,185.33
3132DWAG8 FEDERAL NATL MTG ASSN FR SD8107 2.50000 11/01/2050 US 64,412.56 $66,726.90
3132LMMM5 FHLM POOL K91364 4.50000 11/01/2033 US 3,852.32 $4,145.47
3132LNE83 FHLM POOL K92059 4.50000 09/01/2034 US 11,302.38 $12,207.44
3133KYU98 FHLM POOL RB5108 2.00000 04/01/2041 US 54,199.6 $55,404.56
3136AY6W8 FNA 2017-M15 A1 FLT 3.05795 09/25/2027 US 33,902.9 $36,294.01
3136B1YD0 FNR 2018-31 KP 3.50000 07/25/2047 US 3,698.61 $3,806.72
3137AJMG6 FMHS K016 X1 FLT 1.64991 10/25/2021 US 59,077.3 $2.33
3137AME78 FHMS K017 X1 FLT 1.43130 12/25/2021 US 707,115.9 $276.62
3137AUPF0 FHMS K021 x1 FLT 1.52606 06/25/2022 US 326,498.4 $2,507.41
3137B3NB0 FHMS K030 X1 FLT 0.27352 04/25/2023 US 1,231,565.9 $3,076.08
3137B4GZ3 FHMS K032 X1 FLT 0.19884 05/25/2023 US 806,706.55 $1,612.69
3137F4YU0 FHR 4791 BA MTGE 4.00000 03/15/2044 US 1,330.37 $1,332.03
3138ABBY4 FEDERAL NATL MTG ASSN AH9054 4.50000 04/01/2041 US 3,170.44 $3,559.04
3138ETT89 FEDERAL NATL MTG ASSN AL8674 FLT 5.64600 01/01/2049 US 57,649.22 $65,796.33
31403DDX4 FEDERAL NATL MTG ASSN 745418 5.50000 04/01/2036 US 9,874.4 $11,449.35
31407EJW4 FEDERAL NATL MTG ASSN 828377 5.50000 06/01/2035 US 5,155.03 $5,972.55
31410FSE6 FEDERAL NATL MTG ASSN 888017 6.00000 11/01/2021 US 3.62 $3.62
31410FV51 FEDERAL NATL MTG ASSN 888136 6.00000 12/01/2021 US 11.81 $11.85
31410GCD3 FEDERAL NATL MTG ASSN 888468 5.50000 09/01/2021 US .06 $0.06
31410GN33 FEDERAL NATL MTG ASSN 888810 5.50000 11/01/2022 US 11.92 $11.99
31410KGB4 FEDERAL NATL MTG ASSN 889494 5.50000 01/01/2037 US 9,342.45 $10,833.08
31411JXP6 FEDERAL NATL MTG ASSN 909786 5.50000 03/01/2037 US 1,610.83 $1,861.08
31416BSW9 FEDERAL NATL MTG ASSN 995233 5.50000 10/01/2021 US .03 $0.03
31416BVW5 FEDERAL NATL MTG ASSN 995329 5.50000 12/01/2021 US 10.91 $10.95
31418BDH6 FEDERAL NATL MTG ASSN MA1903 4.50000 05/01/2034 US 14,873.69 $16,261.57
31418CYJ7 FEDERAL NATL MTG ASSN FN MA3412 3.50000 07/01/2038 US 5,617.71 $5,928.89
31418DU59 FEDERAL NATL MTG FN MA4203 2.50000 12/01/2040 US 57,809.53 $60,020.91
31418MG63 FEDERAL NATL MTG ASSN AD0220 6.00000 10/01/2038 US 792.06 $940.75
31418MQQ8 FEDERAL NATL MTG ASSN AD0462 5.50000 10/01/2024 US 132.96 $138.89
31620R303 FNF GROUP US FNF 68.04 $2,956.81
316773100 FIFTH THIRD BANCORP US FITB 121.23 $4,634.45
32054K103 FIRST INDUSTRIAL REALTY TR US FR 143.28 $7,483.75
34461LAA2 FONTAINEBLEAU MIAMI BEACH TRUST 3.14400 12/10/2036 US 28,035.37 $29,506.42
345370CW8 FORD MOTOR COMPANY 9.00000 04/22/2025 US 7,209.37 $8,888.22
346232AF8 FORESTAR GROUP INC 3.85000 05/15/2026 US 4,743.09 $4,786.01
34960PAC5 FORTRESS TRANS & INFRAST 9.75000 08/01/2027 US 4,499.04 $5,202.01
357081AE8 FREMF 2015-K720 B FLT 3.51073 07/25/2022 US 30,925.61 $31,731.33
36257MAA3 GSMS 2019-70P A 1.07300 10/15/2036 US 26,734.76 $26,734.52
369550108 GENERAL DYNAMICS CORP US GD 41.4 $7,794.87
369604BQ5 GENERAL ELECTRIC CO 3.44888 01/21/2099 US 59,891.38 $58,903.17
370334104 GENERAL MLS INC US GIS 101.76 $6,200.35
372460105 GENUINE PARTS CO US GPC 29.62 $3,745.49
37255LAA5 GENWORTH MORTGAGE HLDING 6.50000 08/15/2025 US 6,387.28 $7,040.06
374297109 GETTY REALTY CORP US GTY 292.61 $9,114.78
375558103 GILEAD SCIENCES INC US GILD 158.55 $10,917.89
382550BL4 GOODYEAR TIRE & RUBBER 5.00000 07/15/2029 US 7,064.86 $7,396.91
38379RRX3 GNR 2017-54 AH MTGE 2.60000 12/16/2056 US 28,471.36 $29,425.67
384802104 WW GRAINGER INC US GWW 10.36 $4,539.17
388689101 GRAPHIC PACKAGING HOLDING CO US GPK 16,883.55 $306,267.65
400501102 GRUPO AEROPORTUARIO CEN-ADR MX OMAB 959.59 $50,099.98
400506101 GRUPO AEROPORTUARIO PAC-ADR MX PAC 535.5 $57,239.67
40051E202 GRUPO AEROPORTUARIO DEL SURESTE MX ASR 344.3 $63,661.34
4012250 AIRBUS SE FR AIR FP 94.42 $12,166.86
4031976 ADIDAS AG DE ADS GR 375.93 $140,281.97
404119BX6 HCA INC 4.12500 06/15/2029 US 40,687.49 $45,858.55
416515104 HARTFORD FINL SVCS US HIG 67 $4,151.87
418751AE3 HAT HOLDINGS I LLC/HAT 3.37500 06/15/2026 US 6,531.79 $6,580.78
419792A22 HAWAII ST 2.68200 10/01/2030 US 2,890.24 $2,933.14
42225P501 HEALTHCARE TRUST OF AMERICA US HTA 331.65 $8,855.05
42250P103 HEALTHPEAK PROPERTIES INC US PEAK 354.82 $11,812.02
423012301 HEINEKEN NV-SPN ADR NL HEINY 3,860.73 $234,534.95
427866108 HERSHEY CO/THE US HSY 35.27 $6,143.00
42805E306 HESKA CORP US HSKA 406.67 $93,423.41
42806MAA7 HERTZ 2021-1A A 1.21000 12/26/2025 US 26,012.2 $25,998.15
43300A203 HILTON WORLDWIDE HOLDINGS INC US HLT 66.71 $8,046.34
437076102 HOME DEPOT INC US HD 84.67 $27,000.71
438516106 HONEYWELL INTERNATIONAL INC US HON 70.48 $15,459.43
44267DAE7 HOWARD HUGHES CORP 4.12500 02/01/2029 US 4,499.04 $4,498.27
443510607 HUBBELL INC US HUBB 12.68 $2,369.14
446150104 HUNTINGTON BANCSHARES US HBAN 204.52 $2,918.46
448579102 HYATT HOTEL US H 2,784.19 $216,164.39
44988FAC4 IIP OPERATING PARTNER 5.50000 05/25/2026 US 6,531.79 $6,723.74
450913AF5 IAMGOLD CORP 5.75000 10/15/2028 CA 7,209.37 $7,500.27
451102BX4 ICAHN ENTERPRISES/FIN 5.25000 05/15/2027 US 4,887.6 $5,046.44
45168D104 IDEXX LABORATORIES INC US IDXX 425.78 $268,901.53
4519579 KERRY GROUP PLC-A IE KYG ID 112.74 $15,762.63
452308109 ILLINOIS TOOL WKS INC US ITW 41.83 $9,351.80
45682RAA8 INFRABUILD AUSTRALIA PTY 12.00000 10/01/2024 AU 7,353.89 $7,767.54
45778Q107 INSPERITY INC US NSP 2,494.64 $225,440.88
45781V101 INNOVATIVE INDUSTRIAL PROPER US IIPR 17.58 $3,357.37
458140100 INTEL CORP US INTC 351.95 $19,758.22
45866F104 INTERCONTINENTALEXCHANGE INC US ICE 3,053.2 $362,415.05
459200101 INTERNATIONAL BUSINESS MACH CORP US IBM 98.76 $14,476.76
459506101 INTERNATIONAL FLVRS & FRAGRANCES US IFF 40.9 $6,110.56
46116VAE5 INTL FC STORE INC 8.62500 06/15/2025 US 5,854.21 $6,256.68
46120E602 INTUITIVE SURGICAL INC US ISRG 100.17 $92,120.87
46187BAA1 IHSFR 2017-SFR2 A 0.93200 12/17/2036 US 12,767.34 $12,778.53
46187BAB9 IHSFR 2017-SFR2 B 1.23200 12/17/2036 US 10,692.1 $10,706.07
46187W107 INVITATION HOMES INC US INVH 877.51 $32,722.39
465410BX5 ITALY GOV'T INT BOND 2.37500 10/17/2024 IT 6,936.59 $7,208.43
46625H100 JP MORGAN CHASE & CO US JPM 167.72 $26,087.59
46639GAL0 JPMMT 2013-1 1A2 3.00000 03/25/2043 US 4,030.43 $4,087.68
46640BAC8 JPMMT 2013-2 A2 3.50000 05/25/2043 US 3,928.88 $3,992.89
46641YAA1 JPMMT 2014-2 1A1 3.00000 06/25/2029 US 12,489.65 $12,770.65
46647PBP0 JPMORGAN CHASE & CO 2.95600 05/13/2031 US 72,954.96 $76,718.10
478160104 JOHNSON & JOHNSON US JNJ 3,558.03 $586,150.10
48088LAB3 JOSEPH T RYERSON & SON 8.50000 08/01/2028 US 5,951.82 $6,606.53
49427F108 KILROY REALTY CORP US KRC 186.58 $12,993.19
494368103 KIMBERLY CLARK CORP US KMB 50.97 $6,819.19
494550AW6 KINDER MORGAN ENER PART 6.95000 01/15/2038 US 58,953.51 $84,320.44
49474FXR6 KING CNTY WA 1.30000 12/01/2028 US 22,977.44 $22,596.70
500754106 KRAFT HEINZ CO/THE US KHC 181.57 $7,404.28
501044101 KROGER CO US KR 133.83 $5,126.94
502431109 L3HARRIS TECHNOLOGIES INC US LHX 32.37 $6,996.69
5107401 BEIERSDORF AG DE BEI GR 183.36 $22,132.20
512816109 LAMAR ADVERTISING CO-A US LAMR 58.5 $6,108.51
53223X107 LIFE STORAGE INC US LSI 121.01 $12,990.46
539473AE8 LLOYDS BANK PLC 12.00000 12/16/2024 GB 3,757.32 $4,080.82
539830109 LOCKHEED MARTIN CORP US LMT 32.87 $12,437.79
550021109 LULULEMON - ADR CA LULU 1,338.99 $488,689.52
552848AG8 MGIC INVESTMENT CORP 5.25000 08/15/2028 US 7,353.89 $7,795.12
573284106 MARTIN MARIETTA MATERIALS US MLM 342.32 $120,431.85
57636Q104 MASTERCARD INC-CLASS A US MA 1,818.04 $663,748.34
5852842 ACCOR SA FR AC FP 354.79 $13,270.34
58933Y105 MERCK & CO INC US MRK 253.91 $19,746.28
59022CAJ2 MERRILL LYNCH 6.11000 01/29/2037 US 35,221.85 $48,256.98
594918104 MICROSOFT CORP US MSFT 2,943.8 $797,475.92
595112103 MICRON TECHNOLOGY INC US MU 5,163.87 $438,825.97
59522J103 MID-AMERICA APARTMENT COMM US MAA 170.75 $28,758.26
609207105 MONDELEZ INTERNATIONAL INC US MDLZ 9,290.92 $580,125.35
615369105 MOODY'S CORPORATION US MCO 1,287.4 $466,516.37
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620076307 MOTOROLA SOLUTIONS INC US MSI 28.14 $6,102.79
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63938CAH1 NAVIENT CORP 6.75000 06/25/2025 US 7,597.93 $8,405.21
63938EAC8 NAVSL 2014-1 A3 FLT 0.60150 06/25/2031 US 20,969.98 $20,867.02
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644393AA8 NEW FORTRESS ENERGY INC 6.75000 09/15/2025 US 6,387.28 $6,554.94
64829DAG1 NRZT 2014-3A AFX3 3.75000 11/25/2054 US 9,217.85 $9,824.91
64829EAA2 NRZT 2015-2A A1 3.75000 08/25/2055 US 15,655.64 $16,600.70
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654106103 NIKE INC CLASS B US NKE 1,857.55 $286,972.34
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666807102 NORTHROP GRUMMAN CORP US NOC 23.95 $8,702.39
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742718109 PROCTER & GAMBLE CO US PG 191.13 $25,789.82
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74460D109 PUBLIC STORAGE INC US PSA 112.13 $33,715.56
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750236AW1 RADIAN GROUP INC 4.87500 03/15/2027 US 4,210.01 $4,578.39
750481103 RADIUS GLOBAL INFRASTRUCTURE US RADI 481.68 $6,984.42
756109104 REALTY INCOME CORP US O 73.17 $4,883.36
7591EP100 REGIONS FINANCIAL CORP. US RF 186.62 $3,765.93
759509102 RELIANCE STEEL & ALUMINUM US RS 16.05 $2,422.52
760759100 REPUBLIC SERVICES INC US RSG 54.03 $5,943.52
76131D103 RESTAURANT BRANDS INTERN CA QSR 235.39 $15,168.31
76169C100 REXFORD INDUSTRIAL REALITY IN US REXR 295.39 $16,822.67
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780259107 ROYAL DUTCH SHELL PLC-ADR B NL RDS/B 1,935.96 $75,173.49
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78409V104 S&P GLOBAL INC US SPGI 750.62 $308,093.51
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78442PGC4 SLM CORP 5.12500 04/05/2022 US 10,886.32 $11,090.43
78449AAA0 SLAM 2021-1A A MTGE 2.43400 06/15/2046 US 26,012.2 $26,015.28
78449UAB4 SMB 2020-A A2A MTGE 2.23000 09/15/2037 US 30,492.08 $31,352.83
78449XAA0 SMB 2020-BA A1A 1.29000 07/15/2053 US 32,737.01 $32,851.14
785592AV8 SABINE PASS LIQUEFACTION 5.87500 06/30/2026 US 77,508.56 $91,786.79
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806857108 SCHLUMBERGER LTD NL SLB 467.36 $14,960.10
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81181C104 SEAGEN INC US SGEN 2,460.28 $388,428.68
81745BAB1 SEMT 2013-6 A2 3.00000 05/25/2043 US 13,377.87 $13,528.61
81745CAB9 SEMT 2013-7 A2 3.00000 06/25/2043 US 5,096.54 $5,157.02
81745EAA7 SEMT 2013-8 A1 3.00000 06/25/2043 US 6,626.04 $6,705.67
81745MAA9 SEMT 2013-2 1.87400 02/25/2043 US 6,200 $6,240.74
81762P102 SERVICENOW INC US NOW 1,006.23 $552,974.66
82967NBJ6 SIRIUS XM RADIO INC 4.00000 07/15/2028 US 4,354.53 $4,489.78
831865209 SMITH (A.O.) CORP US AOS 37.14 $2,676.19
832696405 JM SMUCKER CO/THE-NEW COM WI US SJM 25.49 $3,302.29
833034101 SNAP-ON INC US SNA 12.44 $2,779.00
83401BAB2 SOFI 2017-F A2FX 2.84000 01/25/2041 US 3,358.69 $3,434.68
83404RAB4 SOFI 2018-B A2FX MTGE 3.34000 08/25/2047 US 15,618.77 $16,012.66
83406TAB8 SOFI 2020-A A2FX MTGE 2.54000 05/15/2046 US 19,220.12 $19,857.87
83419MAA0 SOLARIS MIDSTREAM HOLDIN 7.62500 04/01/2026 US 6,531.79 $6,923.70
835699307 SONY CORP SPONSORED ADR JP SONY 3,072.1 $298,669.70
837151XH7 SOUTH CAROLINA ST PUBLIC SVC 2.32900 12/01/2028 US 55,926.22 $57,705.80
844741BJ6 SOUTHWEST AIRLINES CO 5.25000 05/04/2025 US 37,284.15 $42,554.39
85236KAE2 SIDC 2021-1A A2 MTGE 1.87700 03/26/2046 US 30,347.56 $30,485.88
85571BAL9 STARWOOD PROPERTY TRUST 4.75000 03/15/2025 US 6,676.3 $6,943.35
85571XAA5 SRPT 2014-STAR A FLTG RATE 1.54290 11/15/2027 US 38,426.15 $28,723.55
857949BL0 SS INT BEARING FD .022% 01/02/15 US 848,084.3 $848,084.30
858119100 STEEL DYNAMICS INC US STLD 50.33 $2,999.87
861036AA9 STL HOLDING CO LLC 7.50000 02/15/2026 US 10,064.22 $10,592.59
86184WAA4 STONEMOR INC 8.50000 05/15/2029 US 6,387.28 $6,459.13
866674104 SUN COMMUNITIES US SUI 172.78 $29,613.98
87105L104 SWITCH INC - A US SWCH 1,124.17 $23,731.18
87157B301 SYNCHRONOSS TECH 8.37500 06/30/2026 US 193.7 $4,842.40
87356LAA8 TACORA RESOURCES INC 8.25000 05/15/2026 CA 8,709.05 $9,013.87
874039100 TAIWAN SEMICONDUCTOR - SP ADR TW TSM 117.48 $14,116.64
87485LAC8 TALOS PRODUCTION 12.00000 01/15/2026 US 6,676.3 $7,076.88
88032WAN6 TENCENT HOLDINGS 3.97500 04/11/2029 KY 100,328.17 $111,927.11
88146M101 TERRENO REALTY CORP US TRNO 172.6 $11,136.38
883556102 THERMO FISHER SCIENTIFIC INC US TMO 488.59 $246,480.30
88579Y101 3M CO US MMM 65.96 $13,101.79
88830MAL6 TITAN INTERNATIONAL INC 7.00000 04/30/2028 US 6,387.28 $6,682.69
89151E109 TOTALENERGIES SE SPON ADR FR TTE 1,774.44 $80,311.03
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89173FAA8 TPMT 2017-1 A1 2.75000 10/25/2056 US 14,719.22 $14,944.47
89177EAA7 TPMT 2019-HY1 A1 1.09150 10/25/2048 US 15,688.43 $15,800.06
89417E109 TRAVELLERS COS INC US TRV 39 $5,838.63
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89613GAA4 TAH 2020-SFR1 A 1.49900 07/17/2038 US 35,806.57 $35,782.50
89680HAE2 TCF 2021-1A 1.86000 03/20/2046 US 27,581.06 $27,422.19
902494103 TYSON FOODS INC -CL A US TSN 65.67 $4,843.81
902653104 UDR INC US UDR 316.57 $15,505.45
902973304 U.S. BANCORP US USB 176.76 $10,070.19
904767704 UNILEVER PLC - ADR GB UL 8,398.65 $491,321.01
907818108 UNION PAC CORP US UNP 68.83 $15,137.86
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91086QBG2 UNITED MEXICAN STATES 4.12500 01/21/2026 MX 5,780.49 $6,525.82
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92532F100 VERTEX PHARMACEUTICALS INC US VRTX 2,650.93 $534,506.86
92826C839 VISA INC - CLASS A SHARES US V 2,381.14 $556,758.03
92840VAH5 VISTRA OPERATIONS CO LLC 4.37500 05/01/2029 US 6,531.79 $6,564.45
929160109 VULCAN MATERIALS CO US VMC 724.97 $126,196.20
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93065PAA9 WBHT 2019-WBM A FLT 1.12300 12/15/2033 US 32,804.27 $32,823.46
931142103 WAL MART STORES US WMT 191.13 $26,953.83
93114W107 WALMART DE MEXICO MX WMMVY 8,548.65 $279,882.89
94106L109 WASTE MANAGEMENT INC US WM 61.23 $8,578.92
95040Q104 WELLTOWER INC. US WELL 133.58 $11,100.29
963320106 WHIRLPOOL CORP US WHR 14.06 $3,064.71
969457BY5 WILLIAMS COMPANIES INC 2.60000 03/15/2031 US 61,753.8 $62,607.07
969904101 WILLIAMS - SONOMA INC US WSM 16.64 $2,655.88
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98978V103 ZOETIS INC US ZTS 625.68 $116,602.16
B02J639 ADMIRAL GROUP PLC GB ADM LN 1,044.28 $45,439.05
B1KFX13 GRUPO AEROPORTUARIO DEL CENT MX OMAB MM 1,272.69 $8,336.91
B1L3CS6 UBISOFT ENTERTAINMENT FR UBI FP 223.24 $15,597.10
B1Y9TB3 DANONE FR BN FP 439.78 $30,940.47
B1YXBJ7 AIR LIQUIDE FR AI FP 222.46 $39,008.80
B3QJ0H8 TOURMALINE OIL CORP CA TOU CN 911.1 $26,040.94
B4888C1 CANADIAN GOVERNMENT FLT 2.75000 06/01/2022 CA 15,318.29 $12,638.47
B4NDCC9 MEX BONOS DESARR FIX RT 6.50000 06/09/2022 MX 89,597.57 $4,537.10
B4YVF56 BRENNTAG AG DE BNR GR 1,503.71 $139,954.22
B6TC406 MEX BONOS DESARR FIX RT 7.75000 05/29/2031 MX 43,353.66 $2,295.65
BBQ3850 KEYWORDS STUDIOS PLC IE KWS LN 277.73 $9,566.31
BFZZM64 S4 CAPITAL PLC GB SFOR LN 3,089.35 $26,837.53
BGHQ198 HIBERNIA REIT PLC IE HBRN ID 3,689.14 $5,424.26
BJ2KSG2 AKZO NOBEL NL AKZA NA 98.85 $12,239.55
BK0939417 AMERICAN TANKER INC 7.75000 07/02/2025 US 11,608.88 $11,910.71
BKWD4B5 SOFTWAREONE HOLDING AG CH SWON SW 979.44 $23,171.54
BMMV2K8 TENCENT HOLDINGS LTD CN 700 HK 6,236.82 $469,586.10
BMXKJ81 FLAGSHIP COMMUNITIES REIT UT US MHC/U CN 486.99 $8,619.75
BN7860420 PETROTAL CORP 12.00000 02/16/2024 CA 5,565.18 $5,732.14
BNGN9Z1 FINECOBANK SPA IT FBK IM 2,709.75 $47,288.77
BP3061408 AIRSWIFT GLOBAL AS FLT 8.66750 05/12/2025 NO 5,780.49 $5,722.68
BVYVFW2 AUTO TRADER GROUP PLC GB AUTO LN 1,771.19 $15,512.08
BW1YVH8 WALMART DE MEXICO SAB DE CV MX WALMEX MM 4,599.3 $15,022.59
BYPC1T4 ASSA ABLOY AB-B SE ASSAB SS 362.65 $10,933.13
BYT1DJ1 INTERMEDIATE CAPITAL GROUP GB ICP LN 877.22 $25,801.73
BYYHL23 ANHEUSER-BUSCH INBEV SA/NV BE ABI BB 1,746.36 $125,892.80
BZ1HM42 ADYEN NV NL ADYEN NA 7.08 $17,370.93
G0772R208 BANK OF N.T. BUTTERFIELD&SON BM NTB 401.36 $14,228.27
G16962105 BUNGE LIMITED US BG 34.02 $2,658.48
G29183103 EATON CORP PLC US ETN 56.12 $8,315.79
G3223R108 EVEREST RE GROUP LTD BM RE 9.6 $2,418.59
G51502105 JOHNSON CONTROLS INTERNATIONAL US JCI 124.12 $8,518.63
G5494J103 LINDE PLC GB LIN 54.88 $15,865.80
G5960L103 MEDTRONIC INC IE MDT 2,502.42 $310,625.62
G85158106 STONECO LTD-A BR STNE 378.98 $25,414.51
G97822103 PERRIGO CO PLC IE PRGO 488.6 $22,402.19
H01301128 ALCON INC CH ALC 3,641.91 $255,880.84
H1467J104 CHUBB LTD CH CB 56.44 $8,970.17
H2906T109 GARMIN LTD CH GRMN 35.24 $5,097.00
ZO1818103 NAVIGATOR HOLDINGS LTD 8.00000 09/10/2025 MH 15,992.14 $16,711.79
ZO4110185 BROOGE PETROLEUM AND GAS 8.50000 09/24/2025 AE 21,322.86 $20,736.48

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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