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Retirement Target 2050 CIT
Retirement Target 2050 CIT
Pro-Mix® Conservative Term CIT
Pro-Mix® Extended Term CIT
Pro-Mix® Maximum Term CIT
Pro-Mix® Moderate Term CIT
Retirement Target 2020 CIT
Retirement Target 2025 CIT
Retirement Target 2030 CIT
Retirement Target 2035 CIT
Retirement Target 2040 CIT
Retirement Target 2045 CIT
Retirement Target 2050 CIT
Retirement Target 2055 CIT
Retirement Target 2060 CIT
Retirement Target Income CIT
Investment Objective
To provide capital growth and manage risk for investors planning to retire in or around the year indicated in the fund’s name.
Investment Strategy
Currently: The portfolio is currently invested in an aggressive, growth-oriented mix of securities that seeks to earn the long-term growth typically associated with the stock market. The portfolio is diversified primarily among various stock investments in both domestic and foreign markets, with only a minor portion of the portfolio invested in fixed income securities. Stock exposure can range from 70% - 95%.
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 2050
- 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.
Daily Price
$26.68
Daily $ Change
-$0.01
Daily % Change
-0.04%
as of 01/14/2021
CUSIP
302027859
Inception Date
05/10/2007
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 12/31/2020
YTD
---
1 Year
22.59%
3 Year
13.75%
5 Year
13.77%
10 Year
9.86%
Inception
(01/01/2000)
8.17%
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 12/31/2020
| TREASURY NOTES | 3.04% |
| SERVICENOW INC | 2.41% |
| EXPEDIA INC | 2.30% |
| MICROSOFT CORP | 2.24% |
| MASTERCARD INC-CLASS A | 2.15% |
| MONDELEZ INTERNATIONAL INC | 2.14% |
| PAYPAL HOLDINGS INC | 2.07% |
| AMAZON.COM INC | 1.95% |
| COCA COLA CO/THE | 1.93% |
| NESTLE SA-REGISTERED | 1.92% |
This investment list is unaudited and excludes cash.
Asset Allocation
As of 12/31/2020
| Stocks | 90.40% |
| Bonds | 7.39% |
| Cash | 2.21% |
Detailed Asset Class Allocation
As of 12/31/2020
| International Equities | 24.79% |
| Small Capitalization | 3.12% |
| Mid Capitalization | 11.73% |
| Large Capitalization | 50.76% |
| Long Term Fixed Income | 1.19% |
| Intermediate Term Fixed Income | 5.07% |
| Short Term Fixed Income | 1.13% |
| Cash | 2.21% |
Due to rounding, the sum of the detailed asset class allocation categories may not equal the asset allocation totals provided above.
December Fund Holdings
As of 12/31/2020
| CUSIP | Security Description | Country | Ticker | Shares/Par | Market Value (USD) |
|---|---|---|---|---|---|
| 00206RDQ2 | AT&T INC 4.25000 03/01/2027 | US | 14,859.89 | $17,382.11 | |
| 00287Y109 | ABBVIE INC | US | ABBV | 165.07 | $17,687.10 |
| 00435F309 | ACCOR SA-SPONSORED ADR | FR | ACCYY | 22,742.45 | $163,745.61 |
| 00507V109 | ACTIVISION INC | US | ATVI | 3,114.39 | $289,170.72 |
| 00653VAA9 | ADAPTHEALTH LLC 6.12500 08/01/2028 | US | 6,191.62 | $6,648.25 | |
| 00774MAG0 | AERCAP IRELAND CAP / GLOBA 4.45000 10/01/2025 | IE | 38,388.05 | $42,759.58 | |
| 00791GAA5 | AG MERGER SUB II INC 10.75000 08/01/2027 | US | 6,191.62 | $6,841.74 | |
| 00842XAA7 | AFFINITY GAMING 6.87500 12/15/2027 | US | 4,334.14 | $4,541.26 | |
| 008492100 | AGREE REALTY CORP | US | ADC | 200.11 | $13,323.54 |
| 00912XAV6 | AIR LEASE CORP 3.62500 04/01/2027 | US | 39,626.38 | $42,467.28 | |
| 01166WAA5 | ALASKA AIR 2020-1 CL B 8.00000 08/15/2025 | US | 8,049.11 | $8,743.36 | |
| 01609W102 | ALIBABA GROUP - ADR | CN | BABA | 1,435.22 | $334,018.27 |
| 01609WAT9 | ALIBABA GROUP HOLDING 3.40000 12/06/2027 | KY | 49,532.97 | $55,452.23 | |
| 020002101 | ALLSTATE CORPORATION | US | ALL | 48.67 | $5,349.87 |
| 02079K107 | ALPHABET INC-CL C | US | GOOG | 47.68 | $83,521.73 |
| 02079K305 | ALPHABET INC-CL A | US | GOOGL | 334.97 | $587,076.10 |
| 023135106 | AMAZON.COM INC | US | AMZN | 220.42 | $717,898.16 |
| 0237400 | DIAGEO PLC | GB | DGE LN | 7,403.82 | $292,959.90 |
| 024835100 | AMERICAN CAMPUS COMMUNITIES | US | ACC | 240.36 | $10,280.14 |
| 025816109 | AMERICAN EXPRESS CO | US | AXP | 2,087.81 | $252,437.69 |
| 02665T306 | AMERICAN HOMES 4 RENT- A | US | AMH | 617.3 | $18,519.14 |
| 03027X100 | AMERICAN TOWER REIT INC | US | AMT | 2,043.24 | $458,624.57 |
| 03027XAW0 | AMERICAN TOWER CORP 3.80000 08/15/2029 | US | 49,532.97 | $57,588.90 | |
| 03064D108 | AMERICOLD REALTY TRUST | US | COLD | 546.84 | $20,413.69 |
| 032654105 | ANALOG DEVICES INC | US | ADI | 44.33 | $6,549.17 |
| 03690AAD8 | ANTERO MIDSTREAM PART / FI 5.75000 03/01/2027 | US | 6,191.62 | $6,083.27 | |
| 03690AAF3 | ANTERO MIDSTREAM PART/FI 5.75000 01/15/2028 | US | 3,714.97 | $3,567.12 | |
| 03690EAA6 | ANTERO MIDSTREAM PART/FI 7.87500 05/15/2026 | US | 1,857.49 | $1,918.00 | |
| 03750L109 | APARTMENT INCOME REIT CO | US | AIRC | 213.98 | $8,219.07 |
| 03784Y200 | APPLE HOSPITALITY REIT INC | US | APLE | 842.06 | $10,871.00 |
| 039483102 | ARCHER-DANIELS-MIDLAND CO | US | ADM | 98.57 | $4,968.94 |
| 04364VAR4 | ASCENT RESOURCES 8.25000 12/31/2028 | US | 3,714.97 | $3,705.69 | |
| 045054AJ2 | ASHTEAD CAPITAL INC 4.00000 05/01/2028 | US | 24,766.49 | $26,305.48 | |
| 053015103 | AUTOMATIC DATA PROCESSING | US | ADP | 42.6 | $7,505.83 |
| 053332102 | AUTOZONE INC | US | AZO | 283.58 | $336,162.66 |
| 053484101 | AVALONBAY COMMUNITIES INC | US | AVB | 64.15 | $10,290.81 |
| 05401AAJ0 | AVOLON HOLDINGS FNDG LTD 3.25000 02/15/2027 | KY | 22,289.84 | $22,742.73 | |
| 055622104 | BP PLC-SPONS ADR | GB | BP | 4,030.13 | $82,698.20 |
| 05722G100 | BAKER HUGHES CO | US | BKR | 196.27 | $4,092.32 |
| 060505104 | BANK OF AMERICA CORP | US | BAC | 709.68 | $21,510.51 |
| 06051GFM6 | BANK OF AMERICA CORP 4.00000 01/22/2025 | US | 23,528.16 | $26,438.16 | |
| 071734AH0 | BAUSCH HEALTH COS INC 5.00000 01/30/2028 | CA | 6,191.62 | $6,380.71 | |
| 084423102 | WR BERKLEY CORP | US | WRB | 3,969.45 | $263,650.78 |
| 084670702 | BERKSHIRE HATHAWAY INC-CL B | US | BRK/B | 758.47 | $175,867.29 |
| 086516101 | BEST BUY INC | US | BBY | 57.21 | $5,709.04 |
| 09061G101 | BIOMARIN PHARMACEUTICAL INC | US | BMRN | 2,864.86 | $251,219.87 |
| 09247X101 | BLACKROCK INC | US | BLK | 602.44 | $434,688.02 |
| 0963318 | DECHRA PHARMACEUTICALS PLC | GB | DPH LN | 370.26 | $17,437.98 |
| 101137107 | BOSTON SCIENTIFIC CORP | US | BSX | 4,906.86 | $176,401.63 |
| 105368203 | BRANDYWINE REALTY TRUST | US | BDN | 542.39 | $6,459.82 |
| 110122108 | BRISTOL MYERS SQUIBB CO | US | BMY | 234.17 | $14,525.39 |
| 116ESCAD6 | BRUIN E&P PARTNERS LLC 0.00000 08/01/2023 | US | 19,194.03 | $1.92 | |
| 12467AAF5 | C&S GROUP ENTERPRISES LL 5.00000 12/15/2028 | US | 6,810.78 | $6,790.90 | |
| 12503M108 | CBOE GLOBAL MARKETS INC | US | CBOE | 1,874.82 | $174,583.52 |
| 12514G108 | CDW CORP/DE | US | CDW | 2,599.24 | $342,554.21 |
| 12541W209 | C.H. ROBINSON WORLDWIDE INC | US | CHRW | 35.17 | $3,301.26 |
| 12572Q105 | CME GROUP INC | US | CME | 941.75 | $171,444.80 |
| 12654TAA8 | CNX MIDSTREAM PTR/CNX 6.50000 03/15/2026 | US | 4,334.14 | $4,409.98 | |
| 127097103 | CABOT OIL & GAS CORP | US | COG | 39,535.98 | $643,645.78 |
| 133131102 | CAMDEN PROPERTY TRUST | US | CPT | 130.4 | $13,029.12 |
| 13321L108 | CAMECO CORP | CA | CCJ | 15,478.44 | $207,411.03 |
| 14174T107 | CARETRUST REIT INC | US | CTRE | 263.52 | $5,844.77 |
| 149123101 | CATERPILLAR INC | US | CAT | 74.18 | $13,501.45 |
| 16119P108 | CHARTER COMMUNICATIONS INC-A | US | CHTR | 776.43 | $513,646.85 |
| 172062101 | CINCINNATI FINANCIAL CORP | US | CINF | 27.86 | $2,434.33 |
| 17275R102 | CISCO SYSTEMS INC | US | CSCO | 408.89 | $18,298.04 |
| 172967424 | CITIGROUP INC | US | C | 212.74 | $13,117.80 |
| 172967KA8 | CITIGROUP INCA 4.45000 09/29/2027 | US | 32,196.43 | $38,060.63 | |
| 180848P56 | CLARK CNTY NV 1.51000 11/01/2028 | US | 43,341.35 | $43,716.69 | |
| 191216100 | COCA COLA CO/THE | US | KO | 12,946.06 | $709,962.04 |
| 194162103 | COLGATE-PALMOLIVE CO | US | CL | 122.22 | $10,451.26 |
| 20030N101 | COMCAST CORP-CL A | US | CMCSA | 317.13 | $16,617.87 |
| 20030NCY5 | COMCAST CORP 3.25000 11/01/2039 | US | 42,103.03 | $47,803.18 | |
| 20369C106 | COMMUNITY HEALTHCARE TRUST I | US | CHCT | 209.9 | $9,888.20 |
| 20449X401 | COMPASS GROUP PLC ADR | GB | CMPGY | 13,339.23 | $249,843.78 |
| 205887102 | CONAGRA BRAND INC. | US | CAG | 108.23 | $3,924.40 |
| 20605P101 | CONCHO RESOURCES INC | US | CXO | 4,152.1 | $242,275.13 |
| 20825C104 | CONOCOPHILLIPS | US | COP | 3,365.27 | $134,577.16 |
| 21036P108 | CONSTELLATION BRANDS INC-A | US | STZ | 832.53 | $182,364.70 |
| 21240E105 | CONTROLADORA VUELA CIA DE AV | MX | VLRS | 1,758.42 | $21,839.58 |
| 217204106 | COPART INC | US | CPRT | 1,503.94 | $191,376.99 |
| 222795502 | COUSINS PROPERTIES INC | US | CUZ | 575.7 | $19,285.85 |
| 22822V101 | CROWN CASTLE INTL CORP | US | CCI | 124.7 | $19,850.88 |
| 22822VAN1 | CROWN CASTLE INTL CORP 3.10000 11/15/2029 | US | 52,009.62 | $57,311.17 | |
| 229663109 | CUBESMART | US | CUBE | 213.61 | $7,179.46 |
| 231021106 | CUMMINS INC | US | CMI | 29.47 | $6,693.12 |
| 253868103 | DIGITAL REALTY TRUST INC | US | DLR | 198.5 | $27,693.21 |
| 254687106 | WALT DISNEY CO/THE | US | DIS | 1,494.41 | $270,757.17 |
| 256677105 | DOLLAR GENERAL CORP | US | DG | 1,629.63 | $342,712.21 |
| 256746108 | DOLLAR TREE STORES INC | US | DLTR | 4,193.59 | $453,074.97 |
| 25746UDG1 | DOMINION ENERGY 3.37500 04/01/2030 | US | 24,766.49 | $28,211.38 | |
| 25960P109 | DOUGLAS EMMETT INC | US | DEI | 311.44 | $9,087.78 |
| 260003108 | DOVER CORP | US | DOV | 24.4 | $3,079.87 |
| 26439XAC7 | DCP MIDSTREAM OPERATING 8.12500 08/16/2030 | US | 4,953.3 | $6,327.84 | |
| 264411505 | DUKE RLTY INVTS INC | US | DRE | 420.66 | $16,813.73 |
| 26875P101 | EOG RESOURCES INC | US | EOG | 5,118.37 | $255,252.91 |
| 26884L109 | EQT CORP | US | EQT | 18,955.65 | $240,926.31 |
| 26884LAG4 | EQT CORP 8.75000 02/01/2030 | US | 4,334.14 | $5,309.32 | |
| 2715777 | QUEBECOR INC -CL B | CA | QBR/B CN | 1,573.91 | $40,506.95 |
| 27579R104 | EAST WEST BANCORP INC | US | EWBC | 5,588.56 | $283,395.77 |
| 285512109 | ELECTRONIC ARTS | US | EA | 3,273.51 | $470,076.10 |
| 291011104 | EMERSON ELEC CO | US | EMR | 104.27 | $8,379.93 |
| 29273RAR0 | ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 | US | 44,579.68 | $54,386.57 | |
| 29275YAC6 | ENERSYS 4.37500 12/15/2027 | US | 619.16 | $654.76 | |
| 29444U700 | EQUINIX INC | US | EQIX | 469.45 | $335,270.92 |
| 29472R108 | EQUITY LIFESTYLE PROPERTIES | US | ELS | 297.82 | $18,869.69 |
| 297178105 | ESSEX PROPERTY TRUST INC | US | ESS | 31.95 | $7,585.28 |
| 30212P303 | EXPEDIA INC | US | EXPE | 6,379.23 | $844,609.77 |
| 30212PAS4 | EXPEDIA GROUP INC 6.25000 05/01/2025 | US | 17,336.54 | $20,094.79 | |
| 30225T102 | EXTRA SPACE STORAGE INC | US | EXR | 46.93 | $5,437.60 |
| 30231G102 | EXXON MOBIL CORP | US | XOM | 4,888.9 | $201,520.65 |
| 302491303 | FMC CORP | US | FMC | 1,449.46 | $166,586.28 |
| 30264DAA7 | FS ENERGY & POWER FUND 7.50000 08/15/2023 | US | 6,191.62 | $5,905.26 | |
| 30303M102 | FACEBOOK INC -A | US | FB | 1,826.53 | $498,934.50 |
| 311900104 | FASTENAL CO | US | FAST | 114.67 | $5,599.28 |
| 316773100 | FIFTH THIRD BANCORP | US | FITB | 141.42 | $3,898.86 |
| 32054K103 | FIRST INDUSTRIAL REALTY TR | US | FR | 300.29 | $12,651.37 |
| 345370CW8 | FORD MOTOR COMPANY 9.00000 04/22/2025 | US | 6,191.62 | $7,590.99 | |
| 345397XU2 | FORD MOTOR CREDIT CO LLC 4.38900 01/08/2026 | US | 3,095.81 | $3,249.61 | |
| 346232AE1 | FORESTAR GROUP INC 5.00000 03/01/2028 | US | 3,714.97 | $3,835.71 | |
| 34960PAB7 | FORTRESS TRANS & INFRAST 6.50000 10/01/2025 | US | 4,334.14 | $4,529.65 | |
| 34960PAC5 | FORTRESS TRANS & INFRAST 9.75000 08/01/2027 | US | 3,714.97 | $4,258.29 | |
| 35166FAA0 | FOXTROT ESCROW ISSUER 12.25000 11/15/2026 | US | 4,334.14 | $4,940.91 | |
| 36166LAA5 | GEMS MENASA KY LTD/GEMS 7.12500 07/31/2026 | AE | 3,095.81 | $3,227.38 | |
| 369550108 | GENERAL DYNAMICS CORP | US | GD | 40.62 | $6,044.63 |
| 369604BQ5 | GENERAL ELECTRIC CO 5.00000 01/21/2021 | US | 30,958.11 | $28,798.78 | |
| 370334104 | GENERAL MLS INC | US | GIS | 106.99 | $6,291.08 |
| 372460105 | GENUINE PARTS CO | US | GPC | 36.28 | $3,643.89 |
| 37255LAA5 | GENWORTH MORTGAGE HLDING 6.50000 08/15/2025 | US | 8,668.27 | $9,383.40 | |
| 374297109 | GETTY REALTY CORP | US | GTY | 299.06 | $8,235.98 |
| 375558103 | GILEAD SCIENCES INC | US | GILD | 150.7 | $8,780.02 |
| 383909AF5 | WR GRACE & CO-CONN 5.62500 10/01/2024 | US | 3,714.97 | $4,007.53 | |
| 384802104 | WW GRAINGER INC | US | GWW | 8.67 | $3,539.60 |
| 388689101 | GRAPHIC PACKAGING HOLDING CO | US | GPK | 16,012.15 | $271,245.87 |
| 400501102 | GRUPO AEROPORTUARIO CEN-ADR | MX | OMAB | 1,760.9 | $91,003.17 |
| 400506101 | GRUPO AEROPORTUARIO PAC-ADR | MX | PAC | 884.16 | $98,398.57 |
| 40051E202 | GRUPO AEROPORTUARIO DEL SURESTE | MX | ASR | 626.59 | $103,343.84 |
| 4012250 | AIRBUS SE | FR | AIR FP | 104.64 | $11,483.46 |
| 4031976 | ADIDAS AG | DE | ADS GR | 559.1 | $203,404.61 |
| 404119BX6 | HCA INC 4.12500 06/15/2029 | US | 24,766.49 | $28,731.15 | |
| 416515104 | HARTFORD FINL SVCS | US | HIG | 73.68 | $3,608.86 |
| 418751AD5 | HAT HOLDINGS I LLC/HAT 3.75000 09/15/2030 | US | 4,334.14 | $4,496.67 | |
| 421946104 | HEALTHCARE REALTY TRUST INC | US | HR | 331.87 | $9,823.38 |
| 42225P501 | HEALTHCARE TRUST OF AMERICA | US | HTA | 419.17 | $11,544.02 |
| 42250P103 | HEALTHPEAK PROPERTIES INC | US | PEAK | 554.27 | $16,755.70 |
| 423012301 | HEINEKEN NV-SPN ADR | NL | HEINY | 4,737.83 | $264,560.37 |
| 427866108 | HERSHEY CO/THE | US | HSY | 37.4 | $5,696.75 |
| 42805E306 | HESKA CORP | US | HSKA | 876.98 | $127,732.33 |
| 431571AB4 | HILLENBRAND INC 5.00000 09/15/2026 | US | 3,714.97 | $4,165.41 | |
| 43300A203 | HILTON WORLDWIDE HOLDINGS INC | US | HLT | 1,663.07 | $185,033.12 |
| 437076102 | HOME DEPOT INC | US | HD | 100.3 | $26,642.82 |
| 438516106 | HONEYWELL INTERNATIONAL INC | US | HON | 82.72 | $17,594.56 |
| 440452100 | HORMEL FOODS CORP | US | HRL | 73.19 | $3,411.15 |
| 443201AA6 | HOWMET AEROSPACE INC 6.87500 05/01/2025 | US | 3,714.97 | $4,346.52 | |
| 443628AH5 | HUDBAY MINERALS INC 6.12500 04/01/2029 | CA | 4,334.14 | $4,670.03 | |
| 444454AD4 | HUGHES SATELLITE SYSTEMS 5.25000 08/01/2026 | US | 3,714.97 | $4,100.40 | |
| 450913AF5 | IAMGOLD CORP 5.75000 10/15/2028 | CA | 6,191.62 | $6,284.50 | |
| 45168D104 | IDEXX LABORATORIES INC | US | IDXX | 515.39 | $257,628.30 |
| 452308109 | ILLINOIS TOOL WKS INC | US | ITW | 47.06 | $9,593.84 |
| 45337C102 | INCYTE CORP | US | INCY | 1,600.53 | $139,214.47 |
| 45569LAA9 | INDIGO NATURAL RES LLC 6.87500 02/15/2026 | US | 4,334.14 | $4,431.65 | |
| 45682RAA8 | INFRABUILD AUSTRALIA PTY 12.00000 10/01/2024 | AU | 6,191.62 | $6,261.28 | |
| 45778Q107 | INSPERITY INC | US | NSP | 3,002.94 | $244,499.09 |
| 458140100 | INTEL CORP | US | INTC | 385.74 | $19,217.47 |
| 45857P806 | INTERCONTINENTAL HOTELS-ADR | GB | IHG | 2,705.74 | $176,197.70 |
| 45866F104 | INTERCONTINENTALEXCHANGE INC | US | ICE | 3,138.53 | $361,841.48 |
| 459200101 | INTERNATIONAL BUSINESS MACH CORP | US | IBM | 103.9 | $13,078.35 |
| 459506101 | INTERNATIONAL FLVRS & FRAGRANCES | US | IFF | 18.08 | $1,967.78 |
| 46116VAE5 | INTL FC STORE INC 8.62500 06/15/2025 | US | 7,429.95 | $8,080.07 | |
| 46120E602 | INTUITIVE SURGICAL INC | US | ISRG | 172.13 | $140,817.17 |
| 46187W107 | INVITATION HOMES INC | US | INVH | 982.24 | $29,172.49 |
| 46284VAN1 | IRON MOUNTAIN INC 4.50000 02/15/2031 | US | 4,334.14 | $4,540.01 | |
| 46625H100 | JP MORGAN CHASE & CO | US | JPM | 227.11 | $28,858.70 |
| 46647PBP0 | JPMORGAN CHASE & CO 2.95600 05/13/2031 | US | 42,103.03 | $46,169.80 | |
| 478160104 | JOHNSON & JOHNSON | US | JNJ | 4,047.09 | $636,931.28 |
| 47987LAA9 | JONAH NRG LLC/FINANCE 7.25000 10/15/2025 | US | 20,432.35 | $199.91 | |
| 48088LAB3 | JOSEPH T RYERSON & SON 8.50000 08/01/2028 | US | 3,343.48 | $3,786.49 | |
| 482480100 | KLA-TENCOR CORPORATION | US | KLAC | 28.61 | $7,406.20 |
| 487526AB1 | KEHE DISTRIBUTORS LLC/FI 8.62500 10/15/2026 | US | 6,191.62 | $6,950.10 | |
| 49427F108 | KILROY REALTY CORP | US | KRC | 251.88 | $14,457.63 |
| 494368103 | KIMBERLY CLARK CORP | US | KMB | 52.26 | $7,045.85 |
| 494550AW6 | KINDER MORGAN ENER PART 6.95000 01/15/2038 | US | 35,911.41 | $49,137.92 | |
| 501044101 | KROGER CO | US | KR | 149.71 | $4,754.90 |
| 50212YAC8 | LPL HOLDINGS INC 4.62500 11/15/2027 | US | 2,476.65 | $2,563.33 | |
| 505742AG1 | LADDER CAP FIN LLLP/CORP 5.25000 10/01/2025 | US | 8,049.11 | $8,028.99 | |
| 5107401 | BEIERSDORF AG | DE | BEI GR | 218.56 | $25,126.06 |
| 512816109 | LAMAR ADVERTISING CO-A | US | LAMR | 99.31 | $8,264.88 |
| 53223X107 | LIFE STORAGE INC | US | LSI | 98.08 | $11,709.21 |
| 532457108 | ELI LILLY & CO | US | LLY | 73.93 | $12,482.00 |
| 539830109 | LOCKHEED MARTIN CORP | US | LMT | 33.43 | $11,868.67 |
| 541056AA5 | LOGAN MERGER SUB INC 5.50000 09/01/2027 | US | 3,714.97 | $3,891.43 | |
| 54240F202 | LONESTAR RES US INC NPV | US | 237.76 | $432.72 | |
| 550021109 | LULULEMON - ADR | CA | LULU | 965.52 | $336,030.45 |
| 552848AG8 | MGIC INVESTMENT CORP 5.25000 08/15/2028 | US | 6,191.62 | $6,625.04 | |
| 55303XAL9 | MGM GROWTH/MGM FINANCE 3.87500 02/15/2029 | US | 4,334.14 | $4,431.65 | |
| 56585A102 | MARATHON PETROLEUM CORP | US | MPC | 126.43 | $5,229.27 |
| 573284106 | MARTIN MARIETTA MATERIALS | US | MLM | 604.3 | $171,603.72 |
| 57636Q104 | MASTERCARD INC-CLASS A | US | MA | 2,219.08 | $792,077.43 |
| 577128AA9 | MATTHEWS INTERNATIONAL C 5.25000 12/01/2025 | US | 6,810.78 | $6,878.89 | |
| 5852842 | ACCOR SA | FR | AC FP | 211.75 | $7,682.58 |
| 58933Y105 | MERCK & CO INC | US | MRK | 235.9 | $19,296.68 |
| 594918104 | MICROSOFT CORP | US | MSFT | 3,702.59 | $823,530.03 |
| 595112103 | MICRON TECHNOLOGY INC | US | MU | 7,108.6 | $534,424.62 |
| 59522J103 | MID-AMERICA APARTMENT COMM | US | MAA | 176.59 | $22,371.56 |
| 609207105 | MONDELEZ INTERNATIONAL INC | US | MDLZ | 13,492.91 | $788,930.21 |
| 615369105 | MOODY'S CORPORATION | US | MCO | 1,296.53 | $376,303.59 |
| 61965RAA3 | MOSS CREEK RESOURCES HLD 7.50000 01/15/2026 | US | 6,191.62 | $4,705.63 | |
| 62913TAJ1 | NGL ENRGY PART LP/FIN CO 7.50000 11/01/2023 | US | 6,191.62 | $4,384.44 | |
| 6321954 | TRAVELSKY TECHNOLOGY LTD-H | CN | 696 HK | 16,469.71 | $39,789.39 |
| 63938CAH1 | NAVIENT CORP 6.75000 06/25/2025 | US | 5,572.46 | $6,060.05 | |
| 63938NAF1 | NAVIOS SA LOGIST/FIN US 10.75000 07/01/2025 | MUL | 4,334.14 | $4,637.52 | |
| 64110D104 | NETAPP INC | US | NTAP | 48.17 | $3,190.83 |
| 644393AA8 | NEW FORTRESS ENERGY INC 6.75000 09/15/2025 | US | 8,049.11 | $8,549.60 | |
| 64971XPG7 | NEW YORK CITY NY TRANSITIONALFIN 1.58000 05/01/2024 | US | 11,764.08 | $12,119.47 | |
| 654106103 | NIKE INC CLASS B | US | NKE | 2,464.88 | $348,707.23 |
| 655844108 | NORFOLK SOUTHN CORP | US | NSC | 1,114.24 | $264,755.58 |
| 6642321 | NIKON CORP | JP | 7731 JP | 19,862.72 | $125,490.28 |
| 66727WAA0 | NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 | CA | 17,955.7 | $121.20 | |
| 66987V109 | NOVARTIS AG- REG | CH | NVS | 4,315.56 | $407,518.37 |
| 670346105 | NUCOR CORP | US | NUE | 72.57 | $3,859.78 |
| 6742340 | SHANDONG WEIGAO | CN | 1066 HK | 17,336.54 | $39,222.46 |
| 674599EA9 | OCCIDENTAL PETROLEUM COR 8.87500 07/15/2030 | US | 4,334.14 | $5,087.19 | |
| 675232AB8 | OCEANEERING INTL INC 6.00000 02/01/2028 | US | 6,191.62 | $5,533.76 | |
| 6821506 | SONY CORP FIRST SECTION | JP | 6758 JP | 346.73 | $34,939.40 |
| 68389X105 | ORACLE CORP | US | ORCL | 228.47 | $14,779.78 |
| 691205AC2 | OWL ROCK TECHNOLOGY FINA 4.75000 12/15/2025 | US | 5,572.46 | $5,819.01 | |
| 691205AE8 | OWL ROCK TECHNOLOGY 3.75000 06/17/2026 | US | 18,574.87 | $18,675.69 | |
| 69121KAE4 | OWL ROCK CAPITAL CORP 3.40000 07/15/2026 | US | 6,810.78 | $6,908.30 | |
| 69145LAA2 | OXFORD FIN LLC/CO-ISS II 6.37500 12/15/2022 | US | 4,334.14 | $4,323.30 | |
| 69306RAA4 | P&L DEV LLC/PLD 7.75000 11/15/2025 | US | 6,191.62 | $6,655.99 | |
| 69327RAJ0 | PDC ENERGY INC 5.75000 05/15/2026 | US | 3,714.97 | $3,835.71 | |
| 693475105 | PNC FINANCIAL SERVICES GROUP | US | PNC | 46.56 | $6,937.59 |
| 693506107 | PPG INDUSTRIES INC | US | PPG | 33.31 | $4,804.10 |
| 69354NAC0 | PRA GROUP INC 7.37500 09/01/2025 | US | 6,191.62 | $6,686.95 | |
| 69356MAA4 | PM GENERAL PURCHASER LLC 9.50000 10/01/2028 | US | 6,191.62 | $6,857.22 | |
| 701094104 | PARKER HANNIFIN CORP | US | PH | 19.94 | $5,431.04 |
| 7021963 | DEUTSCHE BOERSE AG | DE | DB1 GR | 1,840.77 | $313,432.04 |
| 70450Y103 | PAYPAL HOLDINGS INC | US | PYPL | 3,245.15 | $760,014.78 |
| 7123870 | NESTLE SA-REGISTERED | CH | NESN SW | 5,985.44 | $707,546.81 |
| 713448108 | PEPSICO INC | US | PEP | 1,775.14 | $263,252.96 |
| 717081103 | PFIZER INC | US | PFE | 513.66 | $18,907.71 |
| 723787107 | PIONEER NATURAL RESOURCES CO | US | PXD | 2,264.28 | $257,878.40 |
| 741503AZ9 | BOOKING HOLDINGS INC 3.60000 06/01/2026 | US | 50,771.3 | $57,704.38 | |
| 74165HAB4 | PRIME HEALTHCARE SERVICE 7.25000 11/01/2025 | US | 6,191.62 | $6,578.60 | |
| 74166MAC0 | PRIME SECSRVC BRW/FINANC 5.75000 04/15/2026 | US | 4,953.3 | $5,423.86 | |
| 74340W103 | PROLOGIS | US | PLD | 600.22 | $59,817.51 |
| 74460D109 | PUBLIC STORAGE INC | US | PSA | 97.83 | $22,591.33 |
| 747525103 | QUALCOMM INC | US | QCOM | 104.64 | $15,940.62 |
| 74834L100 | QUEST DIAGNOSTICS INC | US | DGX | 29.35 | $3,497.44 |
| 750236AW1 | RADIAN GROUP INC 4.87500 03/15/2027 | US | 8,049.11 | $8,839.53 | |
| 75513E101 | RAYTHEON TECHNOLOGIES CORP | US | RTX | 160.98 | $11,511.83 |
| 756109104 | REALTY INCOME CORP | US | O | 102.78 | $6,389.89 |
| 7591EP100 | REGIONS FINANCIAL CORP. | US | RF | 208.78 | $3,365.56 |
| 76131D103 | RESTAURANT BRANDS INTERN | CA | QSR | 268.1 | $16,383.42 |
| 76169C100 | REXFORD INDUSTRIAL REALITY IN | US | REXR | 209.9 | $10,307.99 |
| 7698356 | GETINGE AB-B SHS | SE | GETIB SS | 1,648.83 | $38,585.37 |
| 773903109 | ROCKWELL AUTOMATION INC | US | ROK | 20.56 | $5,155.70 |
| 7792559 | HEINEKEN NV | NL | HEIA NA | 221.04 | $24,632.56 |
| 780259107 | ROYAL DUTCH SHELL PLC-ADR B | NL | RDS/B | 2,549.71 | $85,695.75 |
| 783513203 | RYANAIR HOLDINGS - ADR | IE | RYAAY | 3,184.35 | $350,214.93 |
| 78409V104 | S&P GLOBAL INC | US | SPGI | 1,047.62 | $344,384.91 |
| 78410G104 | SBA COMMUNICATIONS CORP | US | SBAC | 1,451.32 | $409,459.82 |
| 78442PGC4 | SLM CORP 5.12500 04/05/2022 | US | 9,287.43 | $9,496.40 | |
| 78442PGD2 | SLM CORP 4.20000 10/29/2025 | US | 8,049.11 | $8,501.87 | |
| 785592AV8 | SABINE PASS LIQUEFACTION 5.87500 06/30/2026 | US | 47,056.33 | $56,895.91 | |
| 806857108 | SCHLUMBERGER LTD | NL | SLB | 5,535.43 | $120,838.52 |
| 81141R100 | SEA LTD - ADR | SG | SE | 2,889.38 | $575,131.53 |
| 81181C104 | SEAGEN INC | US | SGEN | 863.98 | $151,317.26 |
| 81762P102 | SERVICENOW INC | US | NOW | 1,610.44 | $886,434.94 |
| 83088M102 | SKYWORKS SOLUTIONS INC | US | SWKS | 25.51 | $3,899.89 |
| 832696405 | JM SMUCKER CO/THE-NEW COM WI | US | SJM | 27.49 | $3,177.94 |
| 835699307 | SONY CORP SPONSORED ADR | JP | SNE | 3,693.3 | $373,392.87 |
| 85172FAN9 | SPRINGLEAF FINANCE CORP 7.12500 03/15/2026 | US | 4,334.14 | $5,125.11 | |
| 85254J102 | STAG INDUSTRIAL INC | US | STAG | 216.46 | $6,779.50 |
| 854502101 | STANLEY WORKS/THE | US | SWK | 24.15 | $4,311.75 |
| 85571BAL9 | STARWOOD PROPERTY TRUST 4.75000 03/15/2025 | US | 6,191.62 | $6,346.41 | |
| 857949BL0 | SS INT BEARING FD .022% 01/02/15 | US | 832,781.86 | $832,781.86 | |
| 861036AA9 | STL HOLDING CO LLC 7.50000 02/15/2026 | US | 8,668.27 | $8,993.33 | |
| 866674104 | SUN COMMUNITIES | US | SUI | 178.69 | $27,151.98 |
| 87105L104 | SWITCH INC - A | US | SWCH | 962.18 | $15,750.85 |
| 871829107 | SYSCO CORP | US | SYY | 80.12 | $5,949.68 |
| 874039100 | TAIWAN SEMICONDUCTOR - SP ADR | TW | TSM | 150.46 | $16,405.77 |
| 87422VAA6 | TALEN ENERGY SUPPLY LLC 6.50000 06/01/2025 | US | 4,334.14 | $3,532.32 | |
| 87485LAA2 | TALOS PRODUCTION INC 12.00000 01/15/2026 | US | 3,714.97 | $3,614.56 | |
| 87901JAE5 | TEGNA INC 4.62500 03/15/2028 | US | 3,714.97 | $3,798.56 | |
| 88032WAN6 | TENCENT HOLDINGS 3.97500 04/11/2029 | KY | 48,294.65 | $55,026.04 | |
| 88146M101 | TERRENO REALTY CORP | US | TRNO | 151.69 | $8,875.66 |
| 882508104 | TEXAS INSTRUMENTS INC | US | TXN | 107.12 | $17,580.79 |
| 883556102 | THERMO FISHER SCIENTIFIC INC | US | TMO | 544.86 | $253,786.16 |
| 88579Y101 | 3M CO | US | MMM | 72.57 | $12,683.78 |
| 89151E109 | TOTAL S A SPONSORED ADR | FR | TOT | 1,961.51 | $82,206.71 |
| 89417E109 | TRAVELLERS COS INC | US | TRV | 40.86 | $5,736.18 |
| 89832Q109 | TRUIST FINANCIAL CORP | US | TFC | 201.1 | $9,638.91 |
| 901109AF5 | TUTOR PERINI CORP 6.87500 05/01/2025 | US | 10,525.76 | $10,315.24 | |
| 902494103 | TYSON FOODS INC -CL A | US | TSN | 63.28 | $4,077.66 |
| 902653104 | UDR INC | US | UDR | 329.02 | $12,644.35 |
| 902973304 | U.S. BANCORP | US | USB | 213.86 | $9,963.67 |
| 904767704 | UNILEVER PLC - ADR | GB | UL | 8,749.88 | $528,142.52 |
| 907818108 | UNION PAC CORP | US | UNP | 80.37 | $16,734.07 |
| 909214BV9 | UNISYS CORP 6.87500 11/01/2027 | US | 4,334.14 | $4,735.04 | |
| 912810RX8 | US TREASURY N/B 3.00000 05/15/2047 | US | 143,026.46 | $187,303.21 | |
| 9128282A7 | UNITED STATES TREAS NTS 1.50000 08/15/2026 | US | 705,597.22 | $747,133.74 | |
| 9128284P2 | US TREASURY N/B 2.62500 05/15/2021 | US | 369,020.66 | $372,393.73 | |
| 91324P102 | UNITEDHEALTH GROUP INC | US | UNH | 942.36 | $330,468.50 |
| 918204108 | VF CORP | US | VFC | 71.82 | $6,134.39 |
| 91913Y100 | VALERO ENERGY | US | VLO | 76.4 | $4,322.21 |
| 92343VDU5 | VERIZON COMMUNICATIONS 5.25000 03/16/2037 | US | 42,103.03 | $57,057.60 | |
| 92511U102 | VERRA MOBILITY CORP | US | VRRM | 13,196.2 | $177,093.05 |
| 92532F100 | VERTEX PHARMACEUTICALS INC | US | VRTX | 1,142.97 | $270,130.33 |
| 92556V106 | VIATRIS INC | US | VTRS | 65.88 | $1,234.57 |
| 92826C839 | VISA INC - CLASS A SHARES | US | V | 2,684.69 | $587,221.63 |
| 92837TAA0 | AUSTIN BIDCO INC 7.12500 12/15/2028 | US | 1,238.32 | $1,292.50 | |
| 929160109 | VULCAN MATERIALS CO | US | VMC | 1,781.33 | $264,188.99 |
| 931142103 | WAL MART STORES | US | WMT | 203.09 | $29,274.73 |
| 94106L109 | WASTE MANAGEMENT INC | US | WM | 66.62 | $7,856.71 |
| 949746101 | WELLS FARGO COMPANY | US | WFC | 449.88 | $13,577.48 |
| 95040Q104 | WELLTOWER INC. | US | WELL | 116.53 | $7,529.93 |
| 955306105 | WEST PHARMACEUTICAL SERVICES | US | WST | 492.23 | $139,454.79 |
| 962178AN9 | TRI POINTE GROUP / HOMES 5.87500 06/15/2024 | US | 6,191.62 | $6,758.16 | |
| 96949LAD7 | WILLIAMS PARTNERS LP 3.75000 06/15/2027 | US | 34,673.08 | $39,563.25 | |
| 98311A105 | WYNDHAM HOTELS & RESORTS INC | US | WH | 119.87 | $7,125.06 |
| 98978V103 | ZOETIS INC | US | ZTS | 829.68 | $137,311.60 |
| B02J639 | ADMIRAL GROUP PLC | GB | ADM LN | 1,281.05 | $50,654.95 |
| B1KFX13 | GRUPO AEROPORTUARIO DEL CENT | MX | OMAB MM | 1,424.07 | $9,186.57 |
| B1Y47Y7 | GERRESHEIMER AG | DE | GXI GR | 139.31 | $15,023.15 |
| B1Y9TB3 | DANONE | FR | BN FP | 540.28 | $35,553.81 |
| B3QJ0H8 | TOURMALINE OIL CORP | CA | TOU CN | 3,243.79 | $43,729.63 |
| B4YVF56 | BRENNTAG AG | DE | BNR GR | 3,765.74 | $292,830.06 |
| B63QM77 | NEXON CO LTD | JP | 3659 JP | 12,866.19 | $396,985.09 |
| BBQ3850 | KEYWORDS STUDIOS PLC | IE | KWS LN | 336.21 | $13,128.80 |
| BD6K457 | COMPASS GROUP PLC | GB | CPG LN | 829.68 | $15,474.61 |
| BFZZM64 | S4 CAPITAL PLC | GB | SFOR LN | 3,430.16 | $23,453.71 |
| BGHQ198 | HIBERNIA REIT PLC | IE | HBRN ID | 3,746.43 | $5,281.65 |
| BHJYC05 | INTERCONTINENTAL HOTELS GROUP | GB | IHG LN | 125.69 | $8,146.60 |
| BJ2KSG2 | AKZO NOBEL | NL | AKZA NA | 112.56 | $12,081.98 |
| BK0939417 | AMERICAN TANKER INC 7.75000 07/02/2025 | US | 9,287.43 | $9,306.47 | |
| BMMV2K8 | TENCENT HOLDINGS LTD | CN | 700 HK | 9,443.59 | $679,501.83 |
| BMXKJ81 | FLAGSHIP COMMUNITIES REIT UT | US | MHC/U CN | 320.85 | $4,735.74 |
| BNGN9Z1 | FINECOBANK SPA | IT | FBK IM | 3,310.66 | $54,599.47 |
| BP9DL90 | INDUSTRIA DE DISENO TEXTIL | ES | ITX SM | 855.68 | $27,159.21 |
| BVYVFW2 | AUTO TRADER GROUP PLC | GB | AUTO LN | 2,177.59 | $17,725.04 |
| BW1YVH8 | WALMART DE MEXICO SAB DE CV | MX | WALMEX* MM | 5,281.82 | $14,837.26 |
| BYPC1T4 | ASSA ABLOY AB-B | SE | ASSAB SS | 661.88 | $16,356.50 |
| BYYHL23 | ANHEUSER-BUSCH INBEV SA/NV | BE | ABI BB | 2,690.63 | $187,716.59 |
| BZ0VW78 | BINGO INDUSTRIES LTD | AU | BIN AU | 8,360.55 | $15,660.13 |
| BZ1HM42 | ADYEN NV | NL | ADYEN NA | 5.57 | $12,947.84 |
| G0772R208 | BANK OF N.T. BUTTERFIELD&SON | BM | NTB | 515.76 | $16,071.15 |
| G1151C101 | ACCENTURE PLC - CL A | IE | ACN | 52.01 | $13,585.43 |
| G29183103 | EATON CORP PLC | US | ETN | 69.72 | $8,375.88 |
| G51502105 | JOHNSON CONTROLS INTERNATIONAL | US | JCI | 153.68 | $7,159.77 |
| G5494J103 | LINDE PLC | GB | LIN | 46.31 | $12,204.03 |
| G5960L103 | MEDTRONIC INC | IE | MDT | 3,637.21 | $426,062.34 |
| G85158106 | STONECO LTD-A | BR | STNE | 358.49 | $30,084.89 |
| G8994E103 | TRANE TECHNOLOGIES | IE | TT | 149.09 | $21,642.52 |
| G97822103 | PERRIGO CO PLC | IE | PRGO | 496.57 | $22,206.52 |
| H01301128 | ALCON INC | CH | ALC | 3,340.38 | $220,398.27 |
| H1467J104 | CHUBB LTD | CH | CB | 59.56 | $9,168.00 |
| H2906T109 | GARMIN LTD | CH | GRMN | 30.71 | $3,674.81 |
| N53745100 | LYONDELLBASELL INDU-CL A | US | LYB | 67.12 | $6,151.96 |
| ZO1818103 | NAVIGATOR HOLDINGS LTD 8.00000 09/10/2025 | MH | 18,574.87 | $19,132.11 | |
| ZO4110185 | BROOGE PETROLEUM AND GAS 8.50000 09/24/2025 | AE | 24,766.49 | $23,544.17 |
Based on the investments of the underlying fund(s): Manning & Napier Pro-Mix® Maximum Term CIT Fund. Investments will change over time and as the target date fund gradually becomes more conservative. Fund holdings list does not include securities with positions less than 0.005 shares.
A Word About Risk
Each Manning & Napier Retirement Target CIT Fund is invested in one or two of four proprietary risk-based funds, the Manning & Napier Pro-Mix® CIT Funds, based on the Retirement Target CIT Fund becoming increasingly conservative over time. Because the underlying funds invest in both stocks and bonds, the value of your investment will fluctuate in response to stock market movements and changes in interest rates. Investing in target date funds will also involve a number of other risks, including issuer-specific risk, foreign investment risk, and small-cap/mid-cap risk as the underlying investments change over time. Investments in options and futures, like all derivatives, can be highly volatile and involve risks in addition to the risks of the underlying instrument on which the derivative is based, such as counterparty, correlation and liquidity risk. Also, the use of leverage increases exposure to the market and may magnify potential losses. Principal value is not guaranteed at any time, including at the target date (the approximate year when an investor plans to stop contributions and start periodic withdrawals).
About The Fund Manager
Manning & Napier Advisors, LLC (Manning & Napier) provides investment advisory services to Exeter Trust Company, Trustee of the Manning & Napier Collective Investment Trust Funds. Manning & Napier is headquartered in Rochester, NY and has more than 45 years of experience managing life cycle investment objectives. The Firm’s active management approach focuses on participating in rising markets and, as important, helping to reduce the risk of large losses in sustained bear market periods. A team of investment analysts and professionals make all investment decisions in an effort to provide investors with strong risk-adjusted returns.
Daily Price
$26.68
Daily $ Change
-$0.01
Daily % Change
-0.04%
as of 01/14/2021
CUSIP
302027859
Inception Date
05/10/2007
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 an aggressive, growth-oriented mix of securities that seeks to earn the long-term growth typically associated with the stock market. The portfolio is diversified primarily among various stock investments in both domestic and foreign markets, with only a minor portion of the portfolio invested in fixed income securities. Stock exposure can range from 70% - 95%.
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 2050
- 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.
Performance
As of 12/31/2020
YTD
---
1 Year
22.59%
3 Year
13.75%
5 Year
13.77%
10 Year
9.86%
Inception
(01/01/2000)
8.17%
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 12/31/2020
| TREASURY NOTES | 3.04% |
| SERVICENOW INC | 2.41% |
| EXPEDIA INC | 2.30% |
| MICROSOFT CORP | 2.24% |
| MASTERCARD INC-CLASS A | 2.15% |
| MONDELEZ INTERNATIONAL INC | 2.14% |
| PAYPAL HOLDINGS INC | 2.07% |
| AMAZON.COM INC | 1.95% |
| COCA COLA CO/THE | 1.93% |
| NESTLE SA-REGISTERED | 1.92% |
This investment list is unaudited and excludes cash.
Asset Allocation
As of 12/31/2020
| Stocks | 90.40% | |
| Bonds | 7.39% | |
| Cash | 2.21% |
Detailed Asset Class Allocation
As of 12/31/2020
| International Equities | 24.79% | |
| Small Capitalization | 3.12% | |
| Mid Capitalization | 11.73% | |
| Large Capitalization | 50.76% | |
| Long Term Fixed Income | 1.19% | |
| Intermediate Term Fixed Income | 5.07% | |
| Short Term Fixed Income | 1.13% | |
| Cash | 2.21% |
Due to rounding, the sum of the detailed asset class allocation categories may not equal the asset allocation totals provided above.
December Fund Holdings
As of 12/31/2020
| CUSIP | Security Description | Country | Ticker | Shares/Par | Market Value (USD) |
|---|---|---|---|---|---|
| 00206RDQ2 | AT&T INC 4.25000 03/01/2027 | US | 14,859.89 | $17,382.11 | |
| 00287Y109 | ABBVIE INC | US | ABBV | 165.07 | $17,687.10 |
| 00435F309 | ACCOR SA-SPONSORED ADR | FR | ACCYY | 22,742.45 | $163,745.61 |
| 00507V109 | ACTIVISION INC | US | ATVI | 3,114.39 | $289,170.72 |
| 00653VAA9 | ADAPTHEALTH LLC 6.12500 08/01/2028 | US | 6,191.62 | $6,648.25 | |
| 00774MAG0 | AERCAP IRELAND CAP / GLOBA 4.45000 10/01/2025 | IE | 38,388.05 | $42,759.58 | |
| 00791GAA5 | AG MERGER SUB II INC 10.75000 08/01/2027 | US | 6,191.62 | $6,841.74 | |
| 00842XAA7 | AFFINITY GAMING 6.87500 12/15/2027 | US | 4,334.14 | $4,541.26 | |
| 008492100 | AGREE REALTY CORP | US | ADC | 200.11 | $13,323.54 |
| 00912XAV6 | AIR LEASE CORP 3.62500 04/01/2027 | US | 39,626.38 | $42,467.28 | |
| 01166WAA5 | ALASKA AIR 2020-1 CL B 8.00000 08/15/2025 | US | 8,049.11 | $8,743.36 | |
| 01609W102 | ALIBABA GROUP - ADR | CN | BABA | 1,435.22 | $334,018.27 |
| 01609WAT9 | ALIBABA GROUP HOLDING 3.40000 12/06/2027 | KY | 49,532.97 | $55,452.23 | |
| 020002101 | ALLSTATE CORPORATION | US | ALL | 48.67 | $5,349.87 |
| 02079K107 | ALPHABET INC-CL C | US | GOOG | 47.68 | $83,521.73 |
| 02079K305 | ALPHABET INC-CL A | US | GOOGL | 334.97 | $587,076.10 |
| 023135106 | AMAZON.COM INC | US | AMZN | 220.42 | $717,898.16 |
| 0237400 | DIAGEO PLC | GB | DGE LN | 7,403.82 | $292,959.90 |
| 024835100 | AMERICAN CAMPUS COMMUNITIES | US | ACC | 240.36 | $10,280.14 |
| 025816109 | AMERICAN EXPRESS CO | US | AXP | 2,087.81 | $252,437.69 |
| 02665T306 | AMERICAN HOMES 4 RENT- A | US | AMH | 617.3 | $18,519.14 |
| 03027X100 | AMERICAN TOWER REIT INC | US | AMT | 2,043.24 | $458,624.57 |
| 03027XAW0 | AMERICAN TOWER CORP 3.80000 08/15/2029 | US | 49,532.97 | $57,588.90 | |
| 03064D108 | AMERICOLD REALTY TRUST | US | COLD | 546.84 | $20,413.69 |
| 032654105 | ANALOG DEVICES INC | US | ADI | 44.33 | $6,549.17 |
| 03690AAD8 | ANTERO MIDSTREAM PART / FI 5.75000 03/01/2027 | US | 6,191.62 | $6,083.27 | |
| 03690AAF3 | ANTERO MIDSTREAM PART/FI 5.75000 01/15/2028 | US | 3,714.97 | $3,567.12 | |
| 03690EAA6 | ANTERO MIDSTREAM PART/FI 7.87500 05/15/2026 | US | 1,857.49 | $1,918.00 | |
| 03750L109 | APARTMENT INCOME REIT CO | US | AIRC | 213.98 | $8,219.07 |
| 03784Y200 | APPLE HOSPITALITY REIT INC | US | APLE | 842.06 | $10,871.00 |
| 039483102 | ARCHER-DANIELS-MIDLAND CO | US | ADM | 98.57 | $4,968.94 |
| 04364VAR4 | ASCENT RESOURCES 8.25000 12/31/2028 | US | 3,714.97 | $3,705.69 | |
| 045054AJ2 | ASHTEAD CAPITAL INC 4.00000 05/01/2028 | US | 24,766.49 | $26,305.48 | |
| 053015103 | AUTOMATIC DATA PROCESSING | US | ADP | 42.6 | $7,505.83 |
| 053332102 | AUTOZONE INC | US | AZO | 283.58 | $336,162.66 |
| 053484101 | AVALONBAY COMMUNITIES INC | US | AVB | 64.15 | $10,290.81 |
| 05401AAJ0 | AVOLON HOLDINGS FNDG LTD 3.25000 02/15/2027 | KY | 22,289.84 | $22,742.73 | |
| 055622104 | BP PLC-SPONS ADR | GB | BP | 4,030.13 | $82,698.20 |
| 05722G100 | BAKER HUGHES CO | US | BKR | 196.27 | $4,092.32 |
| 060505104 | BANK OF AMERICA CORP | US | BAC | 709.68 | $21,510.51 |
| 06051GFM6 | BANK OF AMERICA CORP 4.00000 01/22/2025 | US | 23,528.16 | $26,438.16 | |
| 071734AH0 | BAUSCH HEALTH COS INC 5.00000 01/30/2028 | CA | 6,191.62 | $6,380.71 | |
| 084423102 | WR BERKLEY CORP | US | WRB | 3,969.45 | $263,650.78 |
| 084670702 | BERKSHIRE HATHAWAY INC-CL B | US | BRK/B | 758.47 | $175,867.29 |
| 086516101 | BEST BUY INC | US | BBY | 57.21 | $5,709.04 |
| 09061G101 | BIOMARIN PHARMACEUTICAL INC | US | BMRN | 2,864.86 | $251,219.87 |
| 09247X101 | BLACKROCK INC | US | BLK | 602.44 | $434,688.02 |
| 0963318 | DECHRA PHARMACEUTICALS PLC | GB | DPH LN | 370.26 | $17,437.98 |
| 101137107 | BOSTON SCIENTIFIC CORP | US | BSX | 4,906.86 | $176,401.63 |
| 105368203 | BRANDYWINE REALTY TRUST | US | BDN | 542.39 | $6,459.82 |
| 110122108 | BRISTOL MYERS SQUIBB CO | US | BMY | 234.17 | $14,525.39 |
| 116ESCAD6 | BRUIN E&P PARTNERS LLC 0.00000 08/01/2023 | US | 19,194.03 | $1.92 | |
| 12467AAF5 | C&S GROUP ENTERPRISES LL 5.00000 12/15/2028 | US | 6,810.78 | $6,790.90 | |
| 12503M108 | CBOE GLOBAL MARKETS INC | US | CBOE | 1,874.82 | $174,583.52 |
| 12514G108 | CDW CORP/DE | US | CDW | 2,599.24 | $342,554.21 |
| 12541W209 | C.H. ROBINSON WORLDWIDE INC | US | CHRW | 35.17 | $3,301.26 |
| 12572Q105 | CME GROUP INC | US | CME | 941.75 | $171,444.80 |
| 12654TAA8 | CNX MIDSTREAM PTR/CNX 6.50000 03/15/2026 | US | 4,334.14 | $4,409.98 | |
| 127097103 | CABOT OIL & GAS CORP | US | COG | 39,535.98 | $643,645.78 |
| 133131102 | CAMDEN PROPERTY TRUST | US | CPT | 130.4 | $13,029.12 |
| 13321L108 | CAMECO CORP | CA | CCJ | 15,478.44 | $207,411.03 |
| 14174T107 | CARETRUST REIT INC | US | CTRE | 263.52 | $5,844.77 |
| 149123101 | CATERPILLAR INC | US | CAT | 74.18 | $13,501.45 |
| 16119P108 | CHARTER COMMUNICATIONS INC-A | US | CHTR | 776.43 | $513,646.85 |
| 172062101 | CINCINNATI FINANCIAL CORP | US | CINF | 27.86 | $2,434.33 |
| 17275R102 | CISCO SYSTEMS INC | US | CSCO | 408.89 | $18,298.04 |
| 172967424 | CITIGROUP INC | US | C | 212.74 | $13,117.80 |
| 172967KA8 | CITIGROUP INCA 4.45000 09/29/2027 | US | 32,196.43 | $38,060.63 | |
| 180848P56 | CLARK CNTY NV 1.51000 11/01/2028 | US | 43,341.35 | $43,716.69 | |
| 191216100 | COCA COLA CO/THE | US | KO | 12,946.06 | $709,962.04 |
| 194162103 | COLGATE-PALMOLIVE CO | US | CL | 122.22 | $10,451.26 |
| 20030N101 | COMCAST CORP-CL A | US | CMCSA | 317.13 | $16,617.87 |
| 20030NCY5 | COMCAST CORP 3.25000 11/01/2039 | US | 42,103.03 | $47,803.18 | |
| 20369C106 | COMMUNITY HEALTHCARE TRUST I | US | CHCT | 209.9 | $9,888.20 |
| 20449X401 | COMPASS GROUP PLC ADR | GB | CMPGY | 13,339.23 | $249,843.78 |
| 205887102 | CONAGRA BRAND INC. | US | CAG | 108.23 | $3,924.40 |
| 20605P101 | CONCHO RESOURCES INC | US | CXO | 4,152.1 | $242,275.13 |
| 20825C104 | CONOCOPHILLIPS | US | COP | 3,365.27 | $134,577.16 |
| 21036P108 | CONSTELLATION BRANDS INC-A | US | STZ | 832.53 | $182,364.70 |
| 21240E105 | CONTROLADORA VUELA CIA DE AV | MX | VLRS | 1,758.42 | $21,839.58 |
| 217204106 | COPART INC | US | CPRT | 1,503.94 | $191,376.99 |
| 222795502 | COUSINS PROPERTIES INC | US | CUZ | 575.7 | $19,285.85 |
| 22822V101 | CROWN CASTLE INTL CORP | US | CCI | 124.7 | $19,850.88 |
| 22822VAN1 | CROWN CASTLE INTL CORP 3.10000 11/15/2029 | US | 52,009.62 | $57,311.17 | |
| 229663109 | CUBESMART | US | CUBE | 213.61 | $7,179.46 |
| 231021106 | CUMMINS INC | US | CMI | 29.47 | $6,693.12 |
| 253868103 | DIGITAL REALTY TRUST INC | US | DLR | 198.5 | $27,693.21 |
| 254687106 | WALT DISNEY CO/THE | US | DIS | 1,494.41 | $270,757.17 |
| 256677105 | DOLLAR GENERAL CORP | US | DG | 1,629.63 | $342,712.21 |
| 256746108 | DOLLAR TREE STORES INC | US | DLTR | 4,193.59 | $453,074.97 |
| 25746UDG1 | DOMINION ENERGY 3.37500 04/01/2030 | US | 24,766.49 | $28,211.38 | |
| 25960P109 | DOUGLAS EMMETT INC | US | DEI | 311.44 | $9,087.78 |
| 260003108 | DOVER CORP | US | DOV | 24.4 | $3,079.87 |
| 26439XAC7 | DCP MIDSTREAM OPERATING 8.12500 08/16/2030 | US | 4,953.3 | $6,327.84 | |
| 264411505 | DUKE RLTY INVTS INC | US | DRE | 420.66 | $16,813.73 |
| 26875P101 | EOG RESOURCES INC | US | EOG | 5,118.37 | $255,252.91 |
| 26884L109 | EQT CORP | US | EQT | 18,955.65 | $240,926.31 |
| 26884LAG4 | EQT CORP 8.75000 02/01/2030 | US | 4,334.14 | $5,309.32 | |
| 2715777 | QUEBECOR INC -CL B | CA | QBR/B CN | 1,573.91 | $40,506.95 |
| 27579R104 | EAST WEST BANCORP INC | US | EWBC | 5,588.56 | $283,395.77 |
| 285512109 | ELECTRONIC ARTS | US | EA | 3,273.51 | $470,076.10 |
| 291011104 | EMERSON ELEC CO | US | EMR | 104.27 | $8,379.93 |
| 29273RAR0 | ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 | US | 44,579.68 | $54,386.57 | |
| 29275YAC6 | ENERSYS 4.37500 12/15/2027 | US | 619.16 | $654.76 | |
| 29444U700 | EQUINIX INC | US | EQIX | 469.45 | $335,270.92 |
| 29472R108 | EQUITY LIFESTYLE PROPERTIES | US | ELS | 297.82 | $18,869.69 |
| 297178105 | ESSEX PROPERTY TRUST INC | US | ESS | 31.95 | $7,585.28 |
| 30212P303 | EXPEDIA INC | US | EXPE | 6,379.23 | $844,609.77 |
| 30212PAS4 | EXPEDIA GROUP INC 6.25000 05/01/2025 | US | 17,336.54 | $20,094.79 | |
| 30225T102 | EXTRA SPACE STORAGE INC | US | EXR | 46.93 | $5,437.60 |
| 30231G102 | EXXON MOBIL CORP | US | XOM | 4,888.9 | $201,520.65 |
| 302491303 | FMC CORP | US | FMC | 1,449.46 | $166,586.28 |
| 30264DAA7 | FS ENERGY & POWER FUND 7.50000 08/15/2023 | US | 6,191.62 | $5,905.26 | |
| 30303M102 | FACEBOOK INC -A | US | FB | 1,826.53 | $498,934.50 |
| 311900104 | FASTENAL CO | US | FAST | 114.67 | $5,599.28 |
| 316773100 | FIFTH THIRD BANCORP | US | FITB | 141.42 | $3,898.86 |
| 32054K103 | FIRST INDUSTRIAL REALTY TR | US | FR | 300.29 | $12,651.37 |
| 345370CW8 | FORD MOTOR COMPANY 9.00000 04/22/2025 | US | 6,191.62 | $7,590.99 | |
| 345397XU2 | FORD MOTOR CREDIT CO LLC 4.38900 01/08/2026 | US | 3,095.81 | $3,249.61 | |
| 346232AE1 | FORESTAR GROUP INC 5.00000 03/01/2028 | US | 3,714.97 | $3,835.71 | |
| 34960PAB7 | FORTRESS TRANS & INFRAST 6.50000 10/01/2025 | US | 4,334.14 | $4,529.65 | |
| 34960PAC5 | FORTRESS TRANS & INFRAST 9.75000 08/01/2027 | US | 3,714.97 | $4,258.29 | |
| 35166FAA0 | FOXTROT ESCROW ISSUER 12.25000 11/15/2026 | US | 4,334.14 | $4,940.91 | |
| 36166LAA5 | GEMS MENASA KY LTD/GEMS 7.12500 07/31/2026 | AE | 3,095.81 | $3,227.38 | |
| 369550108 | GENERAL DYNAMICS CORP | US | GD | 40.62 | $6,044.63 |
| 369604BQ5 | GENERAL ELECTRIC CO 5.00000 01/21/2021 | US | 30,958.11 | $28,798.78 | |
| 370334104 | GENERAL MLS INC | US | GIS | 106.99 | $6,291.08 |
| 372460105 | GENUINE PARTS CO | US | GPC | 36.28 | $3,643.89 |
| 37255LAA5 | GENWORTH MORTGAGE HLDING 6.50000 08/15/2025 | US | 8,668.27 | $9,383.40 | |
| 374297109 | GETTY REALTY CORP | US | GTY | 299.06 | $8,235.98 |
| 375558103 | GILEAD SCIENCES INC | US | GILD | 150.7 | $8,780.02 |
| 383909AF5 | WR GRACE & CO-CONN 5.62500 10/01/2024 | US | 3,714.97 | $4,007.53 | |
| 384802104 | WW GRAINGER INC | US | GWW | 8.67 | $3,539.60 |
| 388689101 | GRAPHIC PACKAGING HOLDING CO | US | GPK | 16,012.15 | $271,245.87 |
| 400501102 | GRUPO AEROPORTUARIO CEN-ADR | MX | OMAB | 1,760.9 | $91,003.17 |
| 400506101 | GRUPO AEROPORTUARIO PAC-ADR | MX | PAC | 884.16 | $98,398.57 |
| 40051E202 | GRUPO AEROPORTUARIO DEL SURESTE | MX | ASR | 626.59 | $103,343.84 |
| 4012250 | AIRBUS SE | FR | AIR FP | 104.64 | $11,483.46 |
| 4031976 | ADIDAS AG | DE | ADS GR | 559.1 | $203,404.61 |
| 404119BX6 | HCA INC 4.12500 06/15/2029 | US | 24,766.49 | $28,731.15 | |
| 416515104 | HARTFORD FINL SVCS | US | HIG | 73.68 | $3,608.86 |
| 418751AD5 | HAT HOLDINGS I LLC/HAT 3.75000 09/15/2030 | US | 4,334.14 | $4,496.67 | |
| 421946104 | HEALTHCARE REALTY TRUST INC | US | HR | 331.87 | $9,823.38 |
| 42225P501 | HEALTHCARE TRUST OF AMERICA | US | HTA | 419.17 | $11,544.02 |
| 42250P103 | HEALTHPEAK PROPERTIES INC | US | PEAK | 554.27 | $16,755.70 |
| 423012301 | HEINEKEN NV-SPN ADR | NL | HEINY | 4,737.83 | $264,560.37 |
| 427866108 | HERSHEY CO/THE | US | HSY | 37.4 | $5,696.75 |
| 42805E306 | HESKA CORP | US | HSKA | 876.98 | $127,732.33 |
| 431571AB4 | HILLENBRAND INC 5.00000 09/15/2026 | US | 3,714.97 | $4,165.41 | |
| 43300A203 | HILTON WORLDWIDE HOLDINGS INC | US | HLT | 1,663.07 | $185,033.12 |
| 437076102 | HOME DEPOT INC | US | HD | 100.3 | $26,642.82 |
| 438516106 | HONEYWELL INTERNATIONAL INC | US | HON | 82.72 | $17,594.56 |
| 440452100 | HORMEL FOODS CORP | US | HRL | 73.19 | $3,411.15 |
| 443201AA6 | HOWMET AEROSPACE INC 6.87500 05/01/2025 | US | 3,714.97 | $4,346.52 | |
| 443628AH5 | HUDBAY MINERALS INC 6.12500 04/01/2029 | CA | 4,334.14 | $4,670.03 | |
| 444454AD4 | HUGHES SATELLITE SYSTEMS 5.25000 08/01/2026 | US | 3,714.97 | $4,100.40 | |
| 450913AF5 | IAMGOLD CORP 5.75000 10/15/2028 | CA | 6,191.62 | $6,284.50 | |
| 45168D104 | IDEXX LABORATORIES INC | US | IDXX | 515.39 | $257,628.30 |
| 452308109 | ILLINOIS TOOL WKS INC | US | ITW | 47.06 | $9,593.84 |
| 45337C102 | INCYTE CORP | US | INCY | 1,600.53 | $139,214.47 |
| 45569LAA9 | INDIGO NATURAL RES LLC 6.87500 02/15/2026 | US | 4,334.14 | $4,431.65 | |
| 45682RAA8 | INFRABUILD AUSTRALIA PTY 12.00000 10/01/2024 | AU | 6,191.62 | $6,261.28 | |
| 45778Q107 | INSPERITY INC | US | NSP | 3,002.94 | $244,499.09 |
| 458140100 | INTEL CORP | US | INTC | 385.74 | $19,217.47 |
| 45857P806 | INTERCONTINENTAL HOTELS-ADR | GB | IHG | 2,705.74 | $176,197.70 |
| 45866F104 | INTERCONTINENTALEXCHANGE INC | US | ICE | 3,138.53 | $361,841.48 |
| 459200101 | INTERNATIONAL BUSINESS MACH CORP | US | IBM | 103.9 | $13,078.35 |
| 459506101 | INTERNATIONAL FLVRS & FRAGRANCES | US | IFF | 18.08 | $1,967.78 |
| 46116VAE5 | INTL FC STORE INC 8.62500 06/15/2025 | US | 7,429.95 | $8,080.07 | |
| 46120E602 | INTUITIVE SURGICAL INC | US | ISRG | 172.13 | $140,817.17 |
| 46187W107 | INVITATION HOMES INC | US | INVH | 982.24 | $29,172.49 |
| 46284VAN1 | IRON MOUNTAIN INC 4.50000 02/15/2031 | US | 4,334.14 | $4,540.01 | |
| 46625H100 | JP MORGAN CHASE & CO | US | JPM | 227.11 | $28,858.70 |
| 46647PBP0 | JPMORGAN CHASE & CO 2.95600 05/13/2031 | US | 42,103.03 | $46,169.80 | |
| 478160104 | JOHNSON & JOHNSON | US | JNJ | 4,047.09 | $636,931.28 |
| 47987LAA9 | JONAH NRG LLC/FINANCE 7.25000 10/15/2025 | US | 20,432.35 | $199.91 | |
| 48088LAB3 | JOSEPH T RYERSON & SON 8.50000 08/01/2028 | US | 3,343.48 | $3,786.49 | |
| 482480100 | KLA-TENCOR CORPORATION | US | KLAC | 28.61 | $7,406.20 |
| 487526AB1 | KEHE DISTRIBUTORS LLC/FI 8.62500 10/15/2026 | US | 6,191.62 | $6,950.10 | |
| 49427F108 | KILROY REALTY CORP | US | KRC | 251.88 | $14,457.63 |
| 494368103 | KIMBERLY CLARK CORP | US | KMB | 52.26 | $7,045.85 |
| 494550AW6 | KINDER MORGAN ENER PART 6.95000 01/15/2038 | US | 35,911.41 | $49,137.92 | |
| 501044101 | KROGER CO | US | KR | 149.71 | $4,754.90 |
| 50212YAC8 | LPL HOLDINGS INC 4.62500 11/15/2027 | US | 2,476.65 | $2,563.33 | |
| 505742AG1 | LADDER CAP FIN LLLP/CORP 5.25000 10/01/2025 | US | 8,049.11 | $8,028.99 | |
| 5107401 | BEIERSDORF AG | DE | BEI GR | 218.56 | $25,126.06 |
| 512816109 | LAMAR ADVERTISING CO-A | US | LAMR | 99.31 | $8,264.88 |
| 53223X107 | LIFE STORAGE INC | US | LSI | 98.08 | $11,709.21 |
| 532457108 | ELI LILLY & CO | US | LLY | 73.93 | $12,482.00 |
| 539830109 | LOCKHEED MARTIN CORP | US | LMT | 33.43 | $11,868.67 |
| 541056AA5 | LOGAN MERGER SUB INC 5.50000 09/01/2027 | US | 3,714.97 | $3,891.43 | |
| 54240F202 | LONESTAR RES US INC NPV | US | 237.76 | $432.72 | |
| 550021109 | LULULEMON - ADR | CA | LULU | 965.52 | $336,030.45 |
| 552848AG8 | MGIC INVESTMENT CORP 5.25000 08/15/2028 | US | 6,191.62 | $6,625.04 | |
| 55303XAL9 | MGM GROWTH/MGM FINANCE 3.87500 02/15/2029 | US | 4,334.14 | $4,431.65 | |
| 56585A102 | MARATHON PETROLEUM CORP | US | MPC | 126.43 | $5,229.27 |
| 573284106 | MARTIN MARIETTA MATERIALS | US | MLM | 604.3 | $171,603.72 |
| 57636Q104 | MASTERCARD INC-CLASS A | US | MA | 2,219.08 | $792,077.43 |
| 577128AA9 | MATTHEWS INTERNATIONAL C 5.25000 12/01/2025 | US | 6,810.78 | $6,878.89 | |
| 5852842 | ACCOR SA | FR | AC FP | 211.75 | $7,682.58 |
| 58933Y105 | MERCK & CO INC | US | MRK | 235.9 | $19,296.68 |
| 594918104 | MICROSOFT CORP | US | MSFT | 3,702.59 | $823,530.03 |
| 595112103 | MICRON TECHNOLOGY INC | US | MU | 7,108.6 | $534,424.62 |
| 59522J103 | MID-AMERICA APARTMENT COMM | US | MAA | 176.59 | $22,371.56 |
| 609207105 | MONDELEZ INTERNATIONAL INC | US | MDLZ | 13,492.91 | $788,930.21 |
| 615369105 | MOODY'S CORPORATION | US | MCO | 1,296.53 | $376,303.59 |
| 61965RAA3 | MOSS CREEK RESOURCES HLD 7.50000 01/15/2026 | US | 6,191.62 | $4,705.63 | |
| 62913TAJ1 | NGL ENRGY PART LP/FIN CO 7.50000 11/01/2023 | US | 6,191.62 | $4,384.44 | |
| 6321954 | TRAVELSKY TECHNOLOGY LTD-H | CN | 696 HK | 16,469.71 | $39,789.39 |
| 63938CAH1 | NAVIENT CORP 6.75000 06/25/2025 | US | 5,572.46 | $6,060.05 | |
| 63938NAF1 | NAVIOS SA LOGIST/FIN US 10.75000 07/01/2025 | MUL | 4,334.14 | $4,637.52 | |
| 64110D104 | NETAPP INC | US | NTAP | 48.17 | $3,190.83 |
| 644393AA8 | NEW FORTRESS ENERGY INC 6.75000 09/15/2025 | US | 8,049.11 | $8,549.60 | |
| 64971XPG7 | NEW YORK CITY NY TRANSITIONALFIN 1.58000 05/01/2024 | US | 11,764.08 | $12,119.47 | |
| 654106103 | NIKE INC CLASS B | US | NKE | 2,464.88 | $348,707.23 |
| 655844108 | NORFOLK SOUTHN CORP | US | NSC | 1,114.24 | $264,755.58 |
| 6642321 | NIKON CORP | JP | 7731 JP | 19,862.72 | $125,490.28 |
| 66727WAA0 | NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 | CA | 17,955.7 | $121.20 | |
| 66987V109 | NOVARTIS AG- REG | CH | NVS | 4,315.56 | $407,518.37 |
| 670346105 | NUCOR CORP | US | NUE | 72.57 | $3,859.78 |
| 6742340 | SHANDONG WEIGAO | CN | 1066 HK | 17,336.54 | $39,222.46 |
| 674599EA9 | OCCIDENTAL PETROLEUM COR 8.87500 07/15/2030 | US | 4,334.14 | $5,087.19 | |
| 675232AB8 | OCEANEERING INTL INC 6.00000 02/01/2028 | US | 6,191.62 | $5,533.76 | |
| 6821506 | SONY CORP FIRST SECTION | JP | 6758 JP | 346.73 | $34,939.40 |
| 68389X105 | ORACLE CORP | US | ORCL | 228.47 | $14,779.78 |
| 691205AC2 | OWL ROCK TECHNOLOGY FINA 4.75000 12/15/2025 | US | 5,572.46 | $5,819.01 | |
| 691205AE8 | OWL ROCK TECHNOLOGY 3.75000 06/17/2026 | US | 18,574.87 | $18,675.69 | |
| 69121KAE4 | OWL ROCK CAPITAL CORP 3.40000 07/15/2026 | US | 6,810.78 | $6,908.30 | |
| 69145LAA2 | OXFORD FIN LLC/CO-ISS II 6.37500 12/15/2022 | US | 4,334.14 | $4,323.30 | |
| 69306RAA4 | P&L DEV LLC/PLD 7.75000 11/15/2025 | US | 6,191.62 | $6,655.99 | |
| 69327RAJ0 | PDC ENERGY INC 5.75000 05/15/2026 | US | 3,714.97 | $3,835.71 | |
| 693475105 | PNC FINANCIAL SERVICES GROUP | US | PNC | 46.56 | $6,937.59 |
| 693506107 | PPG INDUSTRIES INC | US | PPG | 33.31 | $4,804.10 |
| 69354NAC0 | PRA GROUP INC 7.37500 09/01/2025 | US | 6,191.62 | $6,686.95 | |
| 69356MAA4 | PM GENERAL PURCHASER LLC 9.50000 10/01/2028 | US | 6,191.62 | $6,857.22 | |
| 701094104 | PARKER HANNIFIN CORP | US | PH | 19.94 | $5,431.04 |
| 7021963 | DEUTSCHE BOERSE AG | DE | DB1 GR | 1,840.77 | $313,432.04 |
| 70450Y103 | PAYPAL HOLDINGS INC | US | PYPL | 3,245.15 | $760,014.78 |
| 7123870 | NESTLE SA-REGISTERED | CH | NESN SW | 5,985.44 | $707,546.81 |
| 713448108 | PEPSICO INC | US | PEP | 1,775.14 | $263,252.96 |
| 717081103 | PFIZER INC | US | PFE | 513.66 | $18,907.71 |
| 723787107 | PIONEER NATURAL RESOURCES CO | US | PXD | 2,264.28 | $257,878.40 |
| 741503AZ9 | BOOKING HOLDINGS INC 3.60000 06/01/2026 | US | 50,771.3 | $57,704.38 | |
| 74165HAB4 | PRIME HEALTHCARE SERVICE 7.25000 11/01/2025 | US | 6,191.62 | $6,578.60 | |
| 74166MAC0 | PRIME SECSRVC BRW/FINANC 5.75000 04/15/2026 | US | 4,953.3 | $5,423.86 | |
| 74340W103 | PROLOGIS | US | PLD | 600.22 | $59,817.51 |
| 74460D109 | PUBLIC STORAGE INC | US | PSA | 97.83 | $22,591.33 |
| 747525103 | QUALCOMM INC | US | QCOM | 104.64 | $15,940.62 |
| 74834L100 | QUEST DIAGNOSTICS INC | US | DGX | 29.35 | $3,497.44 |
| 750236AW1 | RADIAN GROUP INC 4.87500 03/15/2027 | US | 8,049.11 | $8,839.53 | |
| 75513E101 | RAYTHEON TECHNOLOGIES CORP | US | RTX | 160.98 | $11,511.83 |
| 756109104 | REALTY INCOME CORP | US | O | 102.78 | $6,389.89 |
| 7591EP100 | REGIONS FINANCIAL CORP. | US | RF | 208.78 | $3,365.56 |
| 76131D103 | RESTAURANT BRANDS INTERN | CA | QSR | 268.1 | $16,383.42 |
| 76169C100 | REXFORD INDUSTRIAL REALITY IN | US | REXR | 209.9 | $10,307.99 |
| 7698356 | GETINGE AB-B SHS | SE | GETIB SS | 1,648.83 | $38,585.37 |
| 773903109 | ROCKWELL AUTOMATION INC | US | ROK | 20.56 | $5,155.70 |
| 7792559 | HEINEKEN NV | NL | HEIA NA | 221.04 | $24,632.56 |
| 780259107 | ROYAL DUTCH SHELL PLC-ADR B | NL | RDS/B | 2,549.71 | $85,695.75 |
| 783513203 | RYANAIR HOLDINGS - ADR | IE | RYAAY | 3,184.35 | $350,214.93 |
| 78409V104 | S&P GLOBAL INC | US | SPGI | 1,047.62 | $344,384.91 |
| 78410G104 | SBA COMMUNICATIONS CORP | US | SBAC | 1,451.32 | $409,459.82 |
| 78442PGC4 | SLM CORP 5.12500 04/05/2022 | US | 9,287.43 | $9,496.40 | |
| 78442PGD2 | SLM CORP 4.20000 10/29/2025 | US | 8,049.11 | $8,501.87 | |
| 785592AV8 | SABINE PASS LIQUEFACTION 5.87500 06/30/2026 | US | 47,056.33 | $56,895.91 | |
| 806857108 | SCHLUMBERGER LTD | NL | SLB | 5,535.43 | $120,838.52 |
| 81141R100 | SEA LTD - ADR | SG | SE | 2,889.38 | $575,131.53 |
| 81181C104 | SEAGEN INC | US | SGEN | 863.98 | $151,317.26 |
| 81762P102 | SERVICENOW INC | US | NOW | 1,610.44 | $886,434.94 |
| 83088M102 | SKYWORKS SOLUTIONS INC | US | SWKS | 25.51 | $3,899.89 |
| 832696405 | JM SMUCKER CO/THE-NEW COM WI | US | SJM | 27.49 | $3,177.94 |
| 835699307 | SONY CORP SPONSORED ADR | JP | SNE | 3,693.3 | $373,392.87 |
| 85172FAN9 | SPRINGLEAF FINANCE CORP 7.12500 03/15/2026 | US | 4,334.14 | $5,125.11 | |
| 85254J102 | STAG INDUSTRIAL INC | US | STAG | 216.46 | $6,779.50 |
| 854502101 | STANLEY WORKS/THE | US | SWK | 24.15 | $4,311.75 |
| 85571BAL9 | STARWOOD PROPERTY TRUST 4.75000 03/15/2025 | US | 6,191.62 | $6,346.41 | |
| 857949BL0 | SS INT BEARING FD .022% 01/02/15 | US | 832,781.86 | $832,781.86 | |
| 861036AA9 | STL HOLDING CO LLC 7.50000 02/15/2026 | US | 8,668.27 | $8,993.33 | |
| 866674104 | SUN COMMUNITIES | US | SUI | 178.69 | $27,151.98 |
| 87105L104 | SWITCH INC - A | US | SWCH | 962.18 | $15,750.85 |
| 871829107 | SYSCO CORP | US | SYY | 80.12 | $5,949.68 |
| 874039100 | TAIWAN SEMICONDUCTOR - SP ADR | TW | TSM | 150.46 | $16,405.77 |
| 87422VAA6 | TALEN ENERGY SUPPLY LLC 6.50000 06/01/2025 | US | 4,334.14 | $3,532.32 | |
| 87485LAA2 | TALOS PRODUCTION INC 12.00000 01/15/2026 | US | 3,714.97 | $3,614.56 | |
| 87901JAE5 | TEGNA INC 4.62500 03/15/2028 | US | 3,714.97 | $3,798.56 | |
| 88032WAN6 | TENCENT HOLDINGS 3.97500 04/11/2029 | KY | 48,294.65 | $55,026.04 | |
| 88146M101 | TERRENO REALTY CORP | US | TRNO | 151.69 | $8,875.66 |
| 882508104 | TEXAS INSTRUMENTS INC | US | TXN | 107.12 | $17,580.79 |
| 883556102 | THERMO FISHER SCIENTIFIC INC | US | TMO | 544.86 | $253,786.16 |
| 88579Y101 | 3M CO | US | MMM | 72.57 | $12,683.78 |
| 89151E109 | TOTAL S A SPONSORED ADR | FR | TOT | 1,961.51 | $82,206.71 |
| 89417E109 | TRAVELLERS COS INC | US | TRV | 40.86 | $5,736.18 |
| 89832Q109 | TRUIST FINANCIAL CORP | US | TFC | 201.1 | $9,638.91 |
| 901109AF5 | TUTOR PERINI CORP 6.87500 05/01/2025 | US | 10,525.76 | $10,315.24 | |
| 902494103 | TYSON FOODS INC -CL A | US | TSN | 63.28 | $4,077.66 |
| 902653104 | UDR INC | US | UDR | 329.02 | $12,644.35 |
| 902973304 | U.S. BANCORP | US | USB | 213.86 | $9,963.67 |
| 904767704 | UNILEVER PLC - ADR | GB | UL | 8,749.88 | $528,142.52 |
| 907818108 | UNION PAC CORP | US | UNP | 80.37 | $16,734.07 |
| 909214BV9 | UNISYS CORP 6.87500 11/01/2027 | US | 4,334.14 | $4,735.04 | |
| 912810RX8 | US TREASURY N/B 3.00000 05/15/2047 | US | 143,026.46 | $187,303.21 | |
| 9128282A7 | UNITED STATES TREAS NTS 1.50000 08/15/2026 | US | 705,597.22 | $747,133.74 | |
| 9128284P2 | US TREASURY N/B 2.62500 05/15/2021 | US | 369,020.66 | $372,393.73 | |
| 91324P102 | UNITEDHEALTH GROUP INC | US | UNH | 942.36 | $330,468.50 |
| 918204108 | VF CORP | US | VFC | 71.82 | $6,134.39 |
| 91913Y100 | VALERO ENERGY | US | VLO | 76.4 | $4,322.21 |
| 92343VDU5 | VERIZON COMMUNICATIONS 5.25000 03/16/2037 | US | 42,103.03 | $57,057.60 | |
| 92511U102 | VERRA MOBILITY CORP | US | VRRM | 13,196.2 | $177,093.05 |
| 92532F100 | VERTEX PHARMACEUTICALS INC | US | VRTX | 1,142.97 | $270,130.33 |
| 92556V106 | VIATRIS INC | US | VTRS | 65.88 | $1,234.57 |
| 92826C839 | VISA INC - CLASS A SHARES | US | V | 2,684.69 | $587,221.63 |
| 92837TAA0 | AUSTIN BIDCO INC 7.12500 12/15/2028 | US | 1,238.32 | $1,292.50 | |
| 929160109 | VULCAN MATERIALS CO | US | VMC | 1,781.33 | $264,188.99 |
| 931142103 | WAL MART STORES | US | WMT | 203.09 | $29,274.73 |
| 94106L109 | WASTE MANAGEMENT INC | US | WM | 66.62 | $7,856.71 |
| 949746101 | WELLS FARGO COMPANY | US | WFC | 449.88 | $13,577.48 |
| 95040Q104 | WELLTOWER INC. | US | WELL | 116.53 | $7,529.93 |
| 955306105 | WEST PHARMACEUTICAL SERVICES | US | WST | 492.23 | $139,454.79 |
| 962178AN9 | TRI POINTE GROUP / HOMES 5.87500 06/15/2024 | US | 6,191.62 | $6,758.16 | |
| 96949LAD7 | WILLIAMS PARTNERS LP 3.75000 06/15/2027 | US | 34,673.08 | $39,563.25 | |
| 98311A105 | WYNDHAM HOTELS & RESORTS INC | US | WH | 119.87 | $7,125.06 |
| 98978V103 | ZOETIS INC | US | ZTS | 829.68 | $137,311.60 |
| B02J639 | ADMIRAL GROUP PLC | GB | ADM LN | 1,281.05 | $50,654.95 |
| B1KFX13 | GRUPO AEROPORTUARIO DEL CENT | MX | OMAB MM | 1,424.07 | $9,186.57 |
| B1Y47Y7 | GERRESHEIMER AG | DE | GXI GR | 139.31 | $15,023.15 |
| B1Y9TB3 | DANONE | FR | BN FP | 540.28 | $35,553.81 |
| B3QJ0H8 | TOURMALINE OIL CORP | CA | TOU CN | 3,243.79 | $43,729.63 |
| B4YVF56 | BRENNTAG AG | DE | BNR GR | 3,765.74 | $292,830.06 |
| B63QM77 | NEXON CO LTD | JP | 3659 JP | 12,866.19 | $396,985.09 |
| BBQ3850 | KEYWORDS STUDIOS PLC | IE | KWS LN | 336.21 | $13,128.80 |
| BD6K457 | COMPASS GROUP PLC | GB | CPG LN | 829.68 | $15,474.61 |
| BFZZM64 | S4 CAPITAL PLC | GB | SFOR LN | 3,430.16 | $23,453.71 |
| BGHQ198 | HIBERNIA REIT PLC | IE | HBRN ID | 3,746.43 | $5,281.65 |
| BHJYC05 | INTERCONTINENTAL HOTELS GROUP | GB | IHG LN | 125.69 | $8,146.60 |
| BJ2KSG2 | AKZO NOBEL | NL | AKZA NA | 112.56 | $12,081.98 |
| BK0939417 | AMERICAN TANKER INC 7.75000 07/02/2025 | US | 9,287.43 | $9,306.47 | |
| BMMV2K8 | TENCENT HOLDINGS LTD | CN | 700 HK | 9,443.59 | $679,501.83 |
| BMXKJ81 | FLAGSHIP COMMUNITIES REIT UT | US | MHC/U CN | 320.85 | $4,735.74 |
| BNGN9Z1 | FINECOBANK SPA | IT | FBK IM | 3,310.66 | $54,599.47 |
| BP9DL90 | INDUSTRIA DE DISENO TEXTIL | ES | ITX SM | 855.68 | $27,159.21 |
| BVYVFW2 | AUTO TRADER GROUP PLC | GB | AUTO LN | 2,177.59 | $17,725.04 |
| BW1YVH8 | WALMART DE MEXICO SAB DE CV | MX | WALMEX* MM | 5,281.82 | $14,837.26 |
| BYPC1T4 | ASSA ABLOY AB-B | SE | ASSAB SS | 661.88 | $16,356.50 |
| BYYHL23 | ANHEUSER-BUSCH INBEV SA/NV | BE | ABI BB | 2,690.63 | $187,716.59 |
| BZ0VW78 | BINGO INDUSTRIES LTD | AU | BIN AU | 8,360.55 | $15,660.13 |
| BZ1HM42 | ADYEN NV | NL | ADYEN NA | 5.57 | $12,947.84 |
| G0772R208 | BANK OF N.T. BUTTERFIELD&SON | BM | NTB | 515.76 | $16,071.15 |
| G1151C101 | ACCENTURE PLC - CL A | IE | ACN | 52.01 | $13,585.43 |
| G29183103 | EATON CORP PLC | US | ETN | 69.72 | $8,375.88 |
| G51502105 | JOHNSON CONTROLS INTERNATIONAL | US | JCI | 153.68 | $7,159.77 |
| G5494J103 | LINDE PLC | GB | LIN | 46.31 | $12,204.03 |
| G5960L103 | MEDTRONIC INC | IE | MDT | 3,637.21 | $426,062.34 |
| G85158106 | STONECO LTD-A | BR | STNE | 358.49 | $30,084.89 |
| G8994E103 | TRANE TECHNOLOGIES | IE | TT | 149.09 | $21,642.52 |
| G97822103 | PERRIGO CO PLC | IE | PRGO | 496.57 | $22,206.52 |
| H01301128 | ALCON INC | CH | ALC | 3,340.38 | $220,398.27 |
| H1467J104 | CHUBB LTD | CH | CB | 59.56 | $9,168.00 |
| H2906T109 | GARMIN LTD | CH | GRMN | 30.71 | $3,674.81 |
| N53745100 | LYONDELLBASELL INDU-CL A | US | LYB | 67.12 | $6,151.96 |
| ZO1818103 | NAVIGATOR HOLDINGS LTD 8.00000 09/10/2025 | MH | 18,574.87 | $19,132.11 | |
| ZO4110185 | BROOGE PETROLEUM AND GAS 8.50000 09/24/2025 | AE | 24,766.49 | $23,544.17 |
Based on the investments of the underlying fund(s): Manning & Napier Pro-Mix® Maximum Term CIT Fund. Investments will change over time and as the target date fund gradually becomes more conservative. Fund holdings list does not include securities with positions less than 0.005 shares.
A Word About Risk
Each Manning & Napier Retirement Target CIT Fund is invested in one or two of four proprietary risk-based funds, the Manning & Napier Pro-Mix® CIT Funds, based on the Retirement Target CIT Fund becoming increasingly conservative over time. Because the underlying funds invest in both stocks and bonds, the value of your investment will fluctuate in response to stock market movements and changes in interest rates. Investing in target date funds will also involve a number of other risks, including issuer-specific risk, foreign investment risk, and small-cap/mid-cap risk as the underlying investments change over time. Investments in options and futures, like all derivatives, can be highly volatile and involve risks in addition to the risks of the underlying instrument on which the derivative is based, such as counterparty, correlation and liquidity risk. Also, the use of leverage increases exposure to the market and may magnify potential losses. Principal value is not guaranteed at any time, including at the target date (the approximate year when an investor plans to stop contributions and start periodic withdrawals).
About The Fund Manager
Manning & Napier Advisors, LLC (Manning & Napier) provides investment advisory services to Exeter Trust Company, Trustee of the Manning & Napier Collective Investment Trust Funds. Manning & Napier is headquartered in Rochester, NY and has more than 45 years of experience managing life cycle investment objectives. The Firm’s active management approach focuses on participating in rising markets and, as important, helping to reduce the risk of large losses in sustained bear market periods. A team of investment analysts and professionals make all investment decisions in an effort to provide investors with strong risk-adjusted returns.
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