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.

Target Series Glide Path Overview

Learn more about our Glide Range SM

Daily Price

$18.97

Daily $ Change

-$0.04

Daily % Change

-0.21%

as of 07/19/2018

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

Performance

As of 06/30/2018

YTD

3.53%

1 Year

13.51%

3 Year

8.27%

5 Year

9.24%

10 Year

7.80%

Inception
(01/01/2000)

7.27%

US Stock Market Cycle (04/01/2000 - 06/30/2018)

7.43%

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 0.89%
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 06/30/2018

TREASURY NOTES 4.61%
FACEBOOK INC -A 2.97%
O'REILLY AUTOMOTIVE INC 1.99%
INCYTE CORP 1.99%
MASTERCARD INC-CLASS A 1.92%
SERVICENOW INC 1.88%
BOOKING HOLDINGS INC 1.79%
QORVO INC 1.77%
ANHEUSER-BUSCH INBEV SA/NV 1.72%
LULULEMON - ADR 1.62%

This investment list is unaudited and excludes cash.

Asset Allocation

As of 06/30/2018

Stocks 87.77%
Bonds 10.81%
Cash 1.42%

Detailed Asset Class Allocation

As of 06/30/2018

International Equities 28.59%
Small Capitalization 1.93%
Mid Capitalization 7.59%
Large Capitalization 49.66%
Long Term Fixed Income 2.67%
Intermediate Term Fixed Income 7.24%
Short Term Fixed Income 0.90%
Cash 1.42%

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 06/30/2018

CUSIP Security Description Country Ticker Shares/Par Market Value (USD)
00163UAB2 AMAG PHARMACEUTICALS INC 7.87500 09/01/2023 US 12,539.91 $13,300.15
00206RDQ2 AT&T INC 4.25000 03/01/2027 US 75,239.48 $73,638.00
00289XAA7 ABENGOA YIELD PLC 7.00000 11/15/2019 GB 12,539.91 $12,978.81
004239109 ACADIA REALTY TRUST US AKR 184.75 $5,056.74
0045614 ANTOFAGASTA PLC GB ANTO LN 14,859.8 $193,061.37
0053673 ASHTEAD GROUP PLC GB AHT LN 1,037.47 $30,895.11
00724F101 ADOBE SYS INC US ADBE 3,069.77 $748,440.85
00790X101 ADVANCED DISPOSAL SERVICES US ADSW 22,706.44 $562,665.59
008492100 AGREE REALTY CORP US ADC 84.44 $4,455.66
00928QAK7 AIRCASTLE LTD 6.25000 12/01/2019 BM 5,851.96 $6,052.86
015271109 ALEXANDRIA REAL EST EQUITIES US ARE 34.28 $4,324.57
01609W102 ALIBABA GROUP - ADR CN BABA 6,356.06 $1,179,240.62
01609WAT9 ALIBABA GROUP HOLDING 3.40000 12/06/2027 KY 120,383.17 $112,165.61
01748XAA0 ALLEGIANT TRAVEL CO 5.50000 07/15/2019 US 11,703.92 $11,762.44
02005NAT7 ALLY FINANCIAL INC 3.50000 01/27/2019 US 9,195.94 $9,184.44
02079K107 ALPHABET INC-CL C US GOOG 372.85 $415,973.94
02079K305 ALPHABET INC-CL A US GOOGL 369.51 $417,246.39
02209S103 ALTRIA GROUP INC US MO 7,832.43 $444,803.71
023135106 AMAZON.COM INC US AMZN 464.81 $790,088.81
02319V103 AMBEV SA-ADR BR ABEV 145,255.67 $672,533.77
0237400 DIAGEO PLC GB DGE LN 32,386.42 $1,163,510.01
024835100 AMERICAN CAMPUS COMMUNITIES US ACC 213.18 $9,141.10
0263494 BAE SYSTEMS PLC GB BA/ LN 2,212.04 $18,818.50
02665T306 AMERICAN HOMES 4 RENT- A US AMH 808.41 $17,930.46
02666TAA5 AMERICAN HOMES 4 RENT 4.25000 02/15/2028 US 78,583.46 $75,256.87
03027X100 AMERICAN TOWER REIT INC US AMT 6,020.83 $868,023.16
03064D108 AMERICOLD REALTY TRUST US COLD 151.32 $3,331.96
03748R101 APARTMENT INVT & MGMT CO -A US AIV 286.75 $12,129.36
03784Y200 APPLE HOSPITALITY REIT INC US APLE 412.15 $7,369.16
03969AAL4 ARDAGH PKG FIN/HLDGS USA 6.00000 02/15/2025 IE 10,031.93 $9,768.59
0405207 HALMA PLC GB HLMA LN 852.71 $15,354.21
04621WAC4 ASSURED GUARANTY US HLDG 5.00000 07/01/2024 US 76,911.47 $80,371.34
0490656 KERRY GROUP PLC-A IE KYGA LN 283.4 $29,604.13
053332102 AUTOZONE INC US AZO 1,263.19 $847,510.27
053484101 AVALONBAY COMMUNITIES INC US AVB 191.44 $32,907.08
058498106 BALL CORP US BLL 19,943.48 $708,990.68
06051GFM6 BANK OF AMERICA CORP 4.00000 01/22/2025 US 115,367.21 $113,885.02
09061G101 BIOMARIN PHARMACEUTICAL INC US BMRN 13,088.33 $1,232,920.32
09062X103 BIOGEN IDEC INC US BIIB 1,207.18 $350,370.68
0922320 SMITH & NEPHEW PLC GB SN/ LN 422.18 $7,776.63
09247X101 BLACKROCK INC US BLK 2,054.87 $1,025,464.27
0946580 WEIR GROUP PLC/THE GB WEIR LN 1,901.89 $49,947.77
09627J102 BLUEROCK RESIDENTIAL GROWTH US 362.82 $3,236.37
096630AE8 BOARDWALK PIPELINES LP 5.95000 06/01/2026 US 105,335.28 $112,956.72
09857L108 BOOKING HOLDINGS INC US BKNG 680.5 $1,379,433.38
101121101 BOSTON PROPERTIES INC US BXP 151.32 $18,977.92
105368203 BRANDYWINE REALTY TRUST US BDN 1,055.86 $17,822.93
110122108 BRISTOL MYERS SQUIBB CO US BMY 5,135.51 $284,199.28
110448107 BRITISH AMERICAN TOB-SP ADR GB BTI 489.89 $24,715.08
12467AAD0 C&S GROUP ENTERPRISES 5.37500 07/15/2022 US 15,047.9 $14,746.94
1248EPBR3 CCO HLDGS LLC/CAP CORP 5.50000 05/01/2026 US 8,359.94 $8,106.64
125269100 CF INDUSTRIES HOLDINGS INC US CF 18,279.85 $811,625.36
12592BAB0 CNH INDUSTRIAL CAPITAL L 3.37500 07/15/2019 US 75,239.48 $75,299.68
126307AH0 CSC HOLDINGS LLC 5.25000 06/01/2024 US 21,735.85 $20,540.38
13321L108 CAMECO CORP CA CCJ 1,218.38 $13,706.75
134429109 CAMPBELL SOUP CO US CPB 16,378.8 $663,996.53
14912Y202 CATCHMARK TIMBER TRUST INC US CTT 1,057.53 $13,462.39
156504AH5 CENTURY COMMUNITIES 5.87500 07/15/2025 US 20,899.86 $19,750.36
15672WAJ3 CEQUEL COM HLDG I/CAP CP 7.50000 04/01/2028 US 9,195.94 $9,308.13
16411QAA9 CHENIERE ENERGY PARTNERS 5.25000 10/01/2025 US 15,047.9 $14,678.47
165240102 CHESAPEAKE LODGING TRUST US CHSP 212.34 $6,718.52
172967EW7 CITIGROUP INC 8.12500 07/15/2039 US 76,911.47 $108,185.65
191216100 COCA COLA CO/THE US KO 16,775.9 $735,790.84
19626G108 COLONY CAPITAL INC US CLNY 874.78 $5,458.65
198287203 COLUMBIA PROPERTY TRUST INC US CXP 229.06 $5,202.01
20369C106 COMMUNITY HEALTHCARE TRUST I US CHCT 326.87 $9,763.72
2112226 SAPUTO INC CA SAP CN 228.23 $7,577.75
2162760 CAE INC CA CAE CN 392.92 $8,162.30
21871N101 CORECIVIC INC US CXW 912.07 $21,789.35
21987BAK4 CODELCO INC 5.62500 09/21/2035 CL 66,879.54 $74,751.05
222795106 COUSINS PROPERTIES INC US CUZ 1,839.19 $17,821.73
22663AAA7 ORTHO-CLINICAL DIAGNOSTI 6.62500 05/15/2022 US 10,867.93 $10,623.40
22822V101 CROWN CASTLE INTL CORP US CCI 115.37 $12,438.89
229663109 CUBESMART US CUBE 398.77 $12,848.35
23311RAC0 DCP MIDSTREAM OPERATING 9.75000 03/15/2019 US 5,851.96 $6,093.35
23331A109 DR HORTON INC US DHI 47.65 $1,953.72
2347608 FIRST QUANTUM MINERALS LTD CA FM CN 11,943.85 $175,980.20
23918K108 DAVITA INC. US DVA 8,577.3 $595,607.79
23918KAR9 DAVITA INC 5.00000 05/01/2025 US 15,883.89 $14,950.71
2392471 GRUPO BIMBO SAB- SERIES A MX BIMBOA MM 3,973.48 $7,744.79
2434760 MEXICHEM SAB DE CV MX MEXCHEM* MM 7,350.06 $21,235.71
25271C102 DIAMOND OFFSHORE DRILLING US DO 16,069.48 $335,209.39
253393102 DICK'S SPORTING GOODS INC US DKS 21,801.89 $768,516.78
253868103 DIGITAL REALTY TRUST INC US DLR 216.52 $24,159.58
25470DAT6 DISCOVERY COMMUNICATIONS 5.20000 09/20/2047 US 78,583.46 $76,221.61
2554475 MAGNA INTERNATIONAL INC CA MG CN 118.71 $6,904.24
2583952 METRO INC CA MRU CN 229.06 $7,786.71
26151AAA7 DRAX FINCO PLC 6.62500 11/01/2025 GB 16,719.89 $16,636.29
2639349 GRUPO AEROPORT DEL SURESTE-B MX 945.51 $15,020.37
2643674 GRUPO MEXICO SAB DE CV-SER MX GMEXICOB MM 5,051.08 $14,316.29
26780TAA5 DYNAGAS LNG PARTNERS/FIN 6.25000 10/30/2019 MH 21,735.85 $21,735.85
269246401 ETRADE FINANCIAL CORP US ETFC 12,176.26 $744,699.84
2715777 QUEBECOR INC -CL B CA QBR/B CN 14,823.01 $303,529.87
277276101 EASTGROUP PROPERTIES US EGP 36.78 $3,515.05
2801836 SHAW COMMUNICATIONS INC-B CA SJR/B CN 25,223.62 $513,816.23
285512109 ELECTRONIC ARTS US EA 6,216.45 $876,644.25
2866857 LUNDIN MINING CORP CA LUN CN 27,070.33 $150,522.28
294429105 EQUIFAX INC US EFX 4,220.94 $528,081.18
29444U700 EQUINIX INC US EQIX 1,457.14 $626,409.05
29472R108 EQUITY LIFESTYLE PROPERTIES US ELS 94.47 $8,681.55
29476L107 EQUITY RESIDENTIAL US EQR 307.65 $19,593.97
297178105 ESSEX PROPERTY TRUST INC US ESS 39.29 $9,393.47
30225T102 EXTRA SPACE STORAGE INC US EXR 132.09 $13,183.61
30303M102 FACEBOOK INC -A US FB 11,781.67 $2,289,413.56
31410HAQ4 MACYS RETAIL HLDGS INC 6.90000 04/01/2029 US 36,783.75 $39,504.40
31428X106 FEDEX CORPORATION US FDX 3,224.43 $732,139.05
3163836 INTERTEK GROUP PLC GB ITRK LN 107.01 $8,045.93
3174300 BURBERRY GROUP PLC GB BRBY LN 292.6 $8,315.79
32054K103 FIRST INDUSTRIAL REALTY TR US FR 319.35 $10,647.12
3208986 NEXT PLC GB NXT LN 98.65 $7,852.20
336130AB5 FIRST QUALITY FINANCE CO 5.00000 07/01/2025 US 10,867.93 $9,944.15
345605109 FOREST CITY REALTY TRUST - A US FCE/A 341.92 $7,799.23
35671D857 FREEPORT-MCMORAN INC US FCX 35,414.39 $611,252.35
35802XAA1 FRESENIUS MED CARE US 6.50000 09/15/2018 US 6,687.95 $6,732.13
35802XAD5 FRESENIUS MED CARE II 5.62500 07/31/2019 US 70,223.52 $71,934.25
36174X101 GGP INC US GGP 397.93 $8,129.78
371559105 GENESEE & WYOMING INC -CL A US GWR 7,330.83 $596,143.39
374297109 GETTY REALTY CORP US GTY 255.81 $7,206.29
37953TAB1 GLOBAL SHIP LEASE INC 9.87500 11/15/2022 MH 22,571.85 $22,289.70
39807UAB2 GREYSTAR REAL ESTATE PAR 5.75000 12/01/2025 US 10,867.93 $10,541.89
400506101 GRUPO AEROPORTUARIO PAC-ADR MX PAC 204.82 $19,029.70
40414L109 HCP INC US HCP 483.2 $12,476.34
4057808 L'OREAL FR OR FP 31.77 $7,831.62
4061412 LVMH MOET HENNESSY LOUIS VUITTON FR MC FP 21.74 $7,216.72
410345AL6 HANESBRANDS INC 4.87500 05/15/2026 US 10,031.93 $9,680.81
4163437 CAP GEMINI FR CAP FP 56.85 $7,618.15
421946104 HEALTHCARE REALTY TRUST INC US HR 310.99 $9,043.59
42225P501 HEALTHCARE TRUST OF AMERICA US HTA 317.68 $8,564.59
431318AQ7 HILCORP ENERGY I/HILCORP 5.75000 10/01/2025 US 10,031.93 $10,006.85
4354134 UNITED INTERNET AG-REG SHARE DE UTDI GR 120.38 $6,872.90
44107P104 HOST MARRIOTT CORP US HST 841.85 $17,737.70
444454AD4 HUGHES SATELLITE SYSTEMS 5.25000 08/01/2026 US 21,735.85 $20,377.36
4457624 TRIGANO SA FR TRI FP 127.91 $22,692.01
4497749 KBC GROEP NV BE KBC BB 188.93 $14,510.22
45031UCD1 ISTAR INC 5.25000 09/15/2022 US 16,719.89 $16,186.94
45337C102 INCYTE CORP US INCY 22,836.86 $1,530,069.30
45378A106 INDEPENDENCE REALTY TRUST IN US IRT 565.97 $5,835.13
45763PAE6 INMARSAT FINANCE PLC 4.87500 05/15/2022 GB 21,735.85 $21,355.47
459745GH2 INTL LEASE FINANCE CORP 6.25000 05/15/2019 US 84,435.42 $86,569.25
46120E602 INTUITIVE SURGICAL INC US ISRG 1,267.37 $606,409.91
46187W107 INVITATION HOMES INC US INVH 704.24 $16,239.81
46625HHL7 JPMORGAN CHASE & CO 6.30000 04/23/2019 US 110,351.24 $113,455.30
476405105 JERNIGAN CAPITAL INC US JCAP 232.41 $4,429.67
478160104 JOHNSON & JOHNSON US JNJ 7,263.12 $881,306.76
47987LAA9 JONAH NRG LLC/FINANCE 7.25000 10/15/2025 US 20,899.86 $16,876.63
4800659 LUXOTTICA GROUP SPA IT LUX IM 120.38 $7,750.97
4821100 SOLVAY SA BE SOLB BB 239.93 $30,216.51
4824778 SGS SA-REG CH SGSN SW 3.34 $8,885.60
4834108 SCHNEIDER ELECTRIC SA FR SU FP 85.27 $7,091.76
4846288 SAP AG DE SAP GR 68.55 $7,912.08
494550AW6 KINDER MORGAN ENER PART 6.95000 01/15/2038 US 95,303.35 $108,619.64
497864AA6 KISSNER GR HLDG 8.37500 12/01/2022 CA 17,555.88 $17,950.89
50187T106 LGI HOMES INC US LGIH 33.44 $1,930.48
50187TAE6 LGI HOMES INC 6.87500 07/15/2026 US 15,047.9 $15,010.28
50212YAB0 LPL HOLDINGS INC 5.75000 09/15/2025 US 14,211.9 $13,821.08
502160AM6 LSB INDUSTRIES 9.62500 05/01/2023 US 20,063.86 $20,214.34
5048566 SWEDISH MATCH AB SE SWMA SS 158.84 $7,850.09
505742AD8 LADDER CAP FIN LLLP/CORP 5.87500 08/01/2021 US 9,195.94 $9,397.79
5107401 BEIERSDORF AG DE BEI GR 6,543.33 $741,674.71
512816109 LAMAR ADVERTISING CO US LAMR 88.62 $6,053.32
5129074 FRESENIUS MEDICAL DE FME GR 3,521.04 $354,539.13
5228658 RANDSTAD HOLDING NV NL RAND NA 564.3 $33,121.51
526057104 LENNAR CORP US LEN 38.46 $2,018.93
5263574 FLSMIDTH & CO A/S DK FLS DC 184.75 $11,023.63
5289837 ERSTE GROUP BANK AG AT EBS AV 352.79 $14,707.78
531172104 LIBERTY PROPERTY TRUST US LPT 346.94 $15,379.74
53223X107 LIFE STORAGE INC US LSI 46.82 $4,555.63
5330047 DASSAULT SYSTEMES SA FR DSY FP 170.54 $23,866.41
5458314 AKZO NOBEL NL AKZA NA 7,314.11 $623,838.14
5474008 BANKINTER S.A. ES BKT SM 2,189.47 $21,244.45
550021109 LULULEMON - ADR CA LULU 9,995.48 $1,247,935.90
55354GAF7 MSCI INC 5.37500 05/15/2027 US 10,031.93 $10,031.93
554382101 THE MACERICH CO US MAC 91.96 $5,226.05
5545670 JUNGHEINRICH AG DE JUN3 GR 393.75 $14,556.00
55616XAC1 MACYS RETAIL HLDGS INC 7.00000 02/15/2028 US 35,947.75 $39,024.80
55933JAB0 MAGNACHIP SEMICONDUCTOR 6.62500 07/15/2021 US 17,555.88 $16,981.80
5633616 SOPRA STERIA GROUP FR SOP FP 186.43 $37,932.11
5654781 ATOS ORIGIN SA FR ATO FP 53.5 $7,275.27
5669354 REPSOL SA ES REP SM 1,210.95 $23,636.63
5671519 WOLTERS KLUWER NL WKL NA 140.45 $7,889.86
5699373 WIENERBERGER AG AT WIE AV 1,170.39 $29,193.92
5701513 ELISA OYJ FI ELISA FH 167.2 $7,724.16
5713422 METSO OYJ FI METSO FH 830.14 $27,689.55
5727973 SIEMENS AG-REG DE SIE GR 229.06 $30,180.35
57636Q104 MASTERCARD INC-CLASS A US MA 7,514.75 $1,476,799.14
5852842 ACCOR SA FR AC FP 408.3 $19,996.88
58933Y105 MERCK & CO INC US MRK 5,905.46 $358,461.63
59001ABA9 MERITAGE HOMES CORP 5.12500 06/06/2027 US 13,375.91 $12,439.59
594918104 MICROSOFT CORP US MSFT 10,746.71 $1,059,732.70
59522J103 MID-AMERICA APARTMENT COMM US MAA 203.15 $20,450.77
5980613 GIVAUDAN - REG CH GIVN SW 3.34 $7,573.50
5999330 TELEPERFORMANCE FR TEP FP 42.64 $7,525.03
6054603 ASAHI KASEI CORP JP 3407 JP 568.48 $7,209.10
609207105 MONDELEZ INTERNATIONAL INC US MDLZ 12,103.52 $496,244.52
6125286 TREND MICRO INC JP 4704 JP 133.76 $7,614.52
6129277 NTT DOCOMO INC JP 9437 JP 300.96 $7,669.12
6136233 HENGAN INTL GROUP CO LTD CN 1044 HK 752.39 $7,216.86
6136749 OBIC CO LTD JP 4684 JP 83.6 $6,906.70
6141680 ORACLE CORP JAPAN JP 4716 JP 100.32 $8,176.53
61744YAG3 MORGAN STANLEY FLT 3.58313 05/08/2024 US 112,023.23 $113,143.46
6180412 COMPUTERSHARE LTD AU CPU AU 580.18 $7,903.48
62426EAA3 MOUNTAIN PROVINCE DIAMON 8.00000 12/15/2022 CA 23,407.84 $23,320.06
6248990 KDDI CORP JP 9433 JP 284.24 $7,772.46
6250724 DAIKIN INDUSTRIES LTD JP 6367 JP 183.92 $21,980.70
6267058 OTSUKA CORP JP 4768 JP 183.92 $7,199.93
6291819 CHINA PETROLEUM & CHEMICAL - H CN 386 HK 16,385.49 $14,666.93
6356934 FANUC LTD JP 6954 JP 68.05 $13,488.30
637417106 NATIONAL RETAIL PROPERTIES US NNN 145.46 $6,394.55
6390921 NOMURA RESEARCH INSTITUTE LT JP 4307 JP 150.48 $7,280.37
63938CAE8 NAVIENT CORP 7.25000 09/25/2023 US 8,359.94 $8,757.04
64110W102 NETEASE.COM INC- ADR CN NTES 81.93 $20,700.61
6429104 HITACHI LTD FIRST SECTION JP 6501 JP 2,173.59 $15,312.87
6446620 HYUNDAI HEAVY INDUSTRIES KR 009540 KS 68.55 $6,269.03
6451066 HYUNDAI MIPO DOCKYARD KR 010620 KS 88.62 $6,813.21
647581107 NEW ORIENTAL EDUCATIO- SP ADR CN EDU 166.36 $15,747.91
6482903 KANAMOTO CO LTD JP 9678 JP 451.44 $14,253.66
6483809 KAO CORP JP 4452 JP 100.32 $7,646.50
6490995 KEYENCE CORP JP 6861 JP 50.16 $28,290.77
6496324 KOITO MANUFACTURINING CO LTD JP 7276 JP 100.32 $6,626.40
6518808 LION CORP JP 4912 JP 819.27 $14,991.29
65409QBB7 NIELSEN FINANCE LLC/CO 5.00000 04/15/2022 US 10,031.93 $9,857.38
654106103 NIKE INC CLASS B US NKE 10,583.69 $843,308.21
6555805 MAKITA CORP JP 6586 JP 150.48 $6,731.38
6619604 NGK SPARK PLUG CO LTD JP 5334 JP 267.52 $7,605.21
6630940 CHINA EVERBRIGHT INTL LTD HK 257 HK 13,710.31 $17,657.23
6640507 NIPPON PAINT HOLDINGS CO LTD JP 4612 JP 183.92 $7,909.45
6641588 NISSAN CHEMICAL INDUSTRIES JP 4021 JP 167.2 $7,788.47
6642387 YAMAHA CORP JP 7951 JP 317.68 $16,486.75
66727WAA0 NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 CA 27,587.81 $27,518.84
66987V109 NOVARTIS AG- REG CH NVS 13,268.06 $1,002,269.62
67091GAA1 OCI NV 6.62500 04/15/2023 NL 15,047.9 $15,284.15
67103H107 O'REILLY AUTOMOTIVE INC US ORLY 5,603.67 $1,532,995.87
6743882 JAPAN EXCHANGE GROUP INC JP 8697 JP 769.11 $14,265.65
6758455 RYOHIN KEIKAKU CO LTD JP 7453 JP 16.72 $5,874.09
6772217 SAMSUNG HEAVY INDUSTRIES KR 010140 KS 1,066.73 $6,830.84
6776606 SANTEN PHARMACEUTICAL CO LTD JP 4536 JP 451.44 $7,853.38
6791591 SECOM CO LTD JP 9735 JP 100.32 $7,692.87
680665205 OLIN CORP US OLN 16,570.24 $475,897.36
6865504 SUZUKI MOTOR CORP JP 7269 JP 384.56 $21,192.23
6895200 TOHO CO LTD JP 9602 JP 217.36 $7,280.21
6897466 TOTO LTD JP 5332 JP 150.48 $6,965.02
69007J106 OUTFRONT MEDIA INC US OUT 278.39 $5,414.61
6913168 GUANGDONG INVESTMENT LTD HK 270 HK 4,681.57 $7,409.21
69145LAA2 OXFORD FIN LLC/CO-ISS II 6.37500 12/15/2022 US 14,211.9 $14,425.08
70014LAC4 PARK AEROSPACE HOLDINGS 4.50000 03/15/2023 KY 14,211.9 $13,498.46
7110902 TECAN GROUP AG-REG CH TECN SW 68.55 $16,636.38
7123870 NESTLE SA-REGISTERED CH NESN SW 9,017.03 $698,827.80
7145056 ENI SPA IT ENI IM 794.19 $14,725.48
7147892 TEMENOS GROUP AG-REG CH TEMN SW 105.34 $15,841.01
7156036 SONOVA HOLDING AG-REG CH SOON SW 45.14 $8,075.46
71654QCJ9 PETROLEOS MEXICANOS 6.35000 02/12/2048 MX 118,711.19 $107,136.84
718172109 PHILIP MORRIS INTERNATIONAL US PM 5,004.26 $404,044.09
71943U104 PHYSICIANS REALTY TRUST US DOC 1,064.22 $16,963.68
7212477 ESSILOR INTERNATIONAL FR EI FP 55.18 $7,779.56
7262610 CREDIT AGRICOLE SA FR ACA FP 1,029.94 $13,669.99
729640102 PLYMOUTH INDUSTRIAL REIT INC US 114.53 $1,832.50
733174AJ5 POPULAR INC 7.00000 07/01/2019 US 20,899.86 $21,213.35
7339451 ORPEA SA FR ORP FP 181.41 $24,163.60
7380062 AAREAL BANK AG DE ARL GR 339.41 $14,890.49
7380482 COMPAGNIE DE SAINT-GOBAIN FR SGO FP 722.3 $32,174.81
741503AZ9 PRICELINE GROUP INC/THE 3.60000 06/01/2026 US 117,039.2 $113,891.72
74340W103 PROLOGIS US PLD 540.05 $35,476.04
744320AL6 PRUDENTIAL FINANCIAL INC 5.87500 09/15/2042 US 71,895.51 $75,939.63
74460D109 PUBLIC STORAGE INC US PSA 96.98 $21,999.82
74736K101 QORVO INC US QRVO 16,994.09 $1,362,416.30
749685103 RPM INTERNATIONAL INC US RPM 10,526.84 $613,925.29
758849103 REGENCY CENTERS CORP US REG 140.28 $8,708.57
75886F107 REGENERON PHARMACEUTICALS INC US REGN 2,527.21 $871,862.40
76169C100 REXFORD INDUSTRIAL REALITY IN US REXR 83.6 $2,624.19
77340RAK3 ROCKIES EXPRESS PIPELINE 5.62500 04/15/2020 US 8,359.94 $8,558.49
7759435 ILIAD SA FR ILD FP 78.58 $12,399.32
780259107 ROYAL DUTCH SHELL PLC-ADR B NL RDS/B 437.23 $31,764.40
783513203 RYANAIR HOLDINGS - ADR IE RYAAY 93.63 $10,695.51
78410G104 SBA COMMUNICATIONS CORP US SBAC 5,225.8 $862,884.12
78442PGC4 SLM CORP 5.12500 04/05/2022 US 12,539.91 $12,477.21
785592AV8 SABINE PASS LIQUEFACTION 5.87500 06/30/2026 US 105,335.28 $112,971.51
80282KAS5 SANTANDER HOLDINGS USA 3.40000 01/18/2023 US 78,583.46 $75,873.49
806857108 SCHLUMBERGER LTD NL SLB 14,519.72 $973,256.53
808513105 CHARLES SCHWAB CORP/THE US SCHW 19,725.28 $1,007,962.04
81211K100 SEALED AIR CORP US SEE 18,112.65 $768,882.06
812578102 SEATTLE GENETICS INC US SGEN 9,721.78 $645,428.79
81663AAD7 SEMGROUP CORP 6.37500 03/15/2025 US 19,227.87 $18,266.47
81762P102 SERVICENOW INC US NOW 8,404.25 $1,449,481.05
81783QAC9 SEVEN GENERATIONS ENERGY 5.37500 09/30/2025 CA 11,703.92 $11,250.39
822538AE4 SHELF DRILL HOLD LTD 8.25000 02/15/2025 KY 9,195.94 $9,264.91
828806109 SIMON PROPERTY GROUP INC US SPG 265.01 $45,102.08
83088M102 SKYWORKS SOLUTIONS INC US SWKS 7,528.96 $727,674.40
84265V105 SOUTHERN COPPER CORPORATION US SCCO 8,692.67 $407,425.36
845467AL3 SOUTHWESTERN ENERGY CO 6.70000 01/23/2025 US 15,883.89 $15,546.36
852061AK6 SPRINT COMMUNICATIONS 9.00000 11/15/2018 US 5,015.97 $5,116.28
85208M102 SPROUTS FARMERS MARKET INC US SFM 20,512.79 $452,717.30
85254J102 STAG INDUSTRIAL INC US STAG 342.76 $9,333.29
857949BL0 SS INT BEARING FD .022% 01/02/15 US 1,113,014.8 $1,113,014.80
866674104 SUN COMMUNITIES US SUI 186.43 $18,247.45
867892101 SUNSTONE HOTEL INVESTORS INC US SHO 652.08 $10,837.50
87243QAB2 TENET HEALTHCARE CORP 6.00000 10/01/2020 US 5,851.96 $6,012.89
874080104 TAL EDUCATION GROUP - ADR CN TAL 196.46 $7,229.68
87470LAA9 TALLGRASS NRG PRTNR/FIN 5.50000 09/15/2024 US 15,047.9 $15,348.85
87854WAA1 TECHNIPLAS LLC 10.00000 05/01/2020 US 11,703.92 $10,416.49
88032WAG1 TENCENT HOLDINGS LTD 3.59500 01/19/2028 KY 78,583.46 $74,341.53
88146M101 TERRENO REALTY CORP US TRNO 56.85 $2,141.45
882508104 TEXAS INSTRUMENTS INC US TXN 4,766 $525,451.86
883556102 THERMO FISHER SCIENTIFIC INC US TMO 1,888.51 $391,186.18
88650V208 TIER REIT INC US TIER 363.66 $8,647.78
896356AE2 TRINIDAD DRILLING LTD 6.62500 02/15/2025 CA 17,555.88 $16,897.53
901109AF5 TUTOR PERINI CORP 6.87500 05/01/2025 US 15,883.89 $15,903.75
902653104 UDR INC US UDR 486.55 $18,265.04
903002103 UMH PROPERTIES INC US UMH 316.01 $4,850.69
90320MAA3 UPCB FINANCE IV LTD 5.37500 01/15/2025 KY 14,211.9 $13,502.73
90384S303 ULTA BEAUTY INC US ULTA 3,262.05 $761,558.10
904767704 UNILEVER PLC - ADR GB UL 16,092.22 $889,577.96
912810FM5 UNITED STATES TREAS BOND 6.25000 05/15/2030 US 306,809.89 $410,585.94
912810PT9 UNITED STATES TREAS BOND 4.75000 02/15/2037 US 448,928.92 $568,964.79
912810QV3 UNITED STATES TREAS INFL INDEX 0.75000 02/15/2042 US 226,917.47 $221,544.19
912810RX8 US TREASURY N/B 3.00000 05/15/2047 US 183,918.74 $184,457.56
912828K33 UNITED STATES TREAS INFL INDEX 0.12500 04/15/2020 US 220,741.26 $218,387.50
912828S92 US TREASURY N/B 1.25000 07/31/2023 US 3,008,576.15 $2,795,742.88
912828UH1 UNITED STATES TREAS INFL INDEX 0.12500 01/15/2023 US 222,501.83 $217,509.04
912828X88 US TREASURY N/B 2.37500 05/15/2027 US 788,342.59 $759,180.07
91704F104 URBAN EDGE PROPERTIES US UE 647.9 $14,817.37
92276F100 VENTAS INC US VTR 133.76 $7,617.58
92339V100 VEREIT INC US VER 891.17 $6,630.30
92343VDV3 VERIZON COMMUNICATIONS 5.50000 03/16/2047 US 105,335.28 $110,376.70
92532F100 VERTEX PHARMACEUTICALS INC US VRTX 2,054.04 $349,104.28
92826C839 VISA INC - CLASS A SHARES US V 8,774.6 $1,162,195.21
929042109 VORNADO REALTY TRUST US VNO 209 $15,449.17
92960PAA7 W/S PACKAGING HOLDINGS 9.00000 04/15/2023 US 14,211.9 $14,389.55
948565AC0 WEEKLEY HOMES LLC/ FINAN 6.00000 02/01/2023 US 9,195.94 $8,954.54
94856TAA2 WEEKLEY HOMES LLC/ FINAN 6.62500 08/15/2025 US 15,883.89 $15,049.99
95040Q104 WELLTOWER INC. US WELL 160.51 $10,062.43
962166104 WEYERHAEUSER CO US WY 171.21 $6,242.38
962178AL3 TRI POINTE HOLDINGS INC 4.37500 06/15/2019 US 10,867.93 $10,924.44
962178AN9 TRI POINTE GROUP / HOMES 5.87500 06/15/2024 US 10,031.93 $9,956.69
98919V105 ZAYO GROUP HOLDINGS INC US ZAYO 27,831.92 $1,015,308.48
AP8694550 BOREALIS FINANCE LLC 7.50000 11/16/2022 MH 21,735.85 $21,436.98
B0190C7 TECHTRONIC INDUSTRIES CO LTD HK 669 HK 1,253.99 $6,964.53
B02J639 ADMIRAL GROUP PLC GB ADM LN 290.93 $7,311.63
B037JC2 NEXITY FR NXI FP 448.09 $28,288.56
B0386J1 JYSKE BANK-REG DK JYSK DC 260.83 $14,256.96
B06JSP1 SYDBANK A/S DK SYDB DC 370.35 $12,695.54
B09DHL9 MTU AERO ENGINES HOLDING AG DE MTX GR 41.8 $8,006.39
B09M9D2 KONE OYJ-B FI KNEBV FH 147.97 $7,523.67
B11TCY0 SCHINDLER HOLDING-PART CERT CH SCHP SW 35.11 $7,538.60
B11ZRK9 LEGRAND SA FR LR FP 293.43 $21,493.22
B138HB7 KAUFMAN & BROAD SA FR KOF FP 449.76 $21,180.21
B13X013 EIFFAGE FR FGR FP 261.67 $28,428.36
B15C557 TOTAL SA FR FP FP 382.89 $23,251.04
B19NLV4 EXPERIAN PLC GB EXPN LN 309.32 $7,630.44
B1CRLC4 MONDI PLC GB MNDI LN 285.07 $7,690.75
B1FW751 GALP ENERGIA SGPS SA PT GALP PL 1,564.15 $29,755.79
B1HDJL2 NATIXIS FR KN FP 3,292.15 $23,293.78
B1KFX13 GRUPO AEROPORTUARIO DEL CENT MX OMAB MM 1,772.31 $9,255.86
B1WGG93 GEBERIT AG-REG CH GEBN SW 51.83 $22,192.44
B1WY233 SMITHS GROUP PLC GB SMIN LN 336.07 $7,506.93
B1XFTL2 HEXAGON AB-B SHS SE HEXAB SS 363.66 $20,207.42
B1XH026 VINCI SA FR DG FP 7,646.84 $734,029.85
B1Y9TB3 DANONE FR BN FP 359.14 $26,221.97
B1YVKN8 ANTA SPORTS PRODUCTS LTD CN 2020 HK 4,012.77 $21,160.58
B232R05 SK INNOVATION CO LTD KR 096770 KS 81.93 $14,839.38
B249GC0 MATSUMOTOKIYOSHI HOLDINGS CO JP 3088 JP 334.4 $15,005.70
B283W97 CAIXABANK S.A ES CABK SM 113,580.69 $488,884.28
B3MPN59 SUN ART RETAIL GROUP LTD HK 6808 HK 6,687.95 $8,724.92
B3MSM28 AMADEUS IT HOLDING SA-A SHS ES AMS SM 96.98 $7,625.42
B3NB1P2 SUNCOR ENERGY INC CA SU CN 407.97 $16,602.24
B4Q2TX3 CHINA LONGYUAN POWER GROUP-H CN 916 HK 36,616.55 $29,414.50
B4R2R50 JULIUS BAER CH BAER SW 9,516.12 $557,373.30
B4WTBY3 HUANENG RENEWABLES CORP-H CN 958 HK 77,245.87 $25,604.18
B4YVF56 BRENNTAG AG DE BNR GR 405.46 $22,527.90
B607XS1 VERMILION ENERGY INC CA VET CN 446.42 $16,099.20
B61JC67 TREASURY WINE ESTATES LTD AU TWE AU 2,464.51 $31,664.12
B63QM77 NEXON CO LTD JP 3659 JP 2,006.39 $29,111.39
B7VQL46 FNAC DARTY SA FR FNAC FP 214.85 $20,366.00
BB22L96 KION GROUP AG DE KGX GR 276.71 $19,862.41
BD4TZK8 OCI NV NL OCI NA 739.85 $19,867.73
BD6K457 COMPASS GROUP PLC GB CPG LN 354.46 $7,555.56
BD82246 EAGLE BULK SHIPCO 8.25000 11/28/2022 MH 33,439.77 $33,941.37
BD97BN2 ATLAS COPCO AB-A SHS SE ATCOA SS 187.26 $5,423.23
BDQZ7T7 WISDOM EDUCATION INTERNATION CN 6068 HK 17,054.28 $14,818.46
BDZV116 EPIROC AB-A SE EPIA SS 2,643.41 $27,739.35
BF2DSG3 SIKA AG-REG CH SIKA SW 100.32 $13,861.08
BF955D8 TELENET FINANCE LUX NOTE 5.50000 03/01/2028 LU 19,227.87 $17,497.36
BFMDQ58 REPSOL SA-RTS ES 1,210.95 $687.42
BFYFZP5 FERGUSON PLC CH FERG LN 93.46 $7,561.26
BFYM460 UNIBAIL-RODAMCO-WESTFIELD FR URW NA 127.91 $28,163.74
BGHQ198 HIBERNIA REIT PLC IE HBRN ID 4,110.58 $7,200.52
BH4TZ73 FU SHOU YUAN INTERNATIONAL CN 1448 HK 18,057.48 $20,322.94
BMMV2K8 TENCENT HOLDINGS LTD CN 700 HK 14,107.57 $708,417.33
BNBNSG0 EURONEXT NV NL ENX FP 550.92 $34,910.57
BNGN9Z1 FINECOBANK SPA IT FBK IM 44,218.24 $497,768.00
BP9DL90 INDUSTRIA DE DISENO TEXTIL ES ITX SM 17,882.75 $608,982.12
BQRRZ00 RECRUIT HOLDINGS CO LTD JP 6098 JP 284.24 $7,850.27
BSBMKM2 CHINA MAPLE LEAF EDUCATIONAL CN 1317 HK 8,025.54 $14,411.64
BVSS790 ELIS SA FR ELIS FP 1,000.69 $22,884.00
BYM4063 BECLE SAB DE CV MX 5,187.34 $7,475.32
BYPC1T4 ASSA ABLOY AB-B SE ASSAB SS 354.46 $7,518.70
BYQ32R1 NEMAK SAB DE CV MX 21,752.57 $14,950.60
BYWPGC4 CHINA YUHUA EDUCATION CORP L CN 6169 HK 10,031.93 $7,097.43
BYXS699 QIAGEN N.V. NL QIA GR 461.13 $16,715.76
BYY8LS2 MAISONS DU MONDE SA FR MDM FP 387.9 $14,264.65
BYYHL23 ANHEUSER-BUSCH INBEV SA/NV BE ABI BB 13,113.07 $1,322,651.34
BYZ43T4 EUROBANK ERGASIAS SA GR EUROB GA 14,830.54 $15,420.44
BYZFYS3 SPIE SA FR SPIE FP 1,420.35 $28,749.67
BYZFZ91 SOPHOS GROUP PLC GB SOPH LN 3,014.6 $25,348.45
BYZWX76 CRODA INTERNATIONAL PLC GB CRDA LN 464.31 $29,333.82
BZ3C3Q4 BANKIA SA ES BKIA SM 83,069.07 $309,770.78
BZCNN35 BANCO COMERCIAL PORTUGUES-R PT BCP PL 39,601.05 $11,841.98
G02602103 AMDOCS LTD GG DOX 10,739.68 $710,859.68
G06242104 ATLASSIAN CORP PLC-CLASS A AU TEAM 5,454.36 $341,006.65
G0750C108 AXALTA COATING SYSTEMS LTD US AXTA 16,651.33 $504,701.92
G27358103 DESPEGAR.COM CORP AR DESP 274.21 $5,750.10
G3157S106 ENSCO INTERNATIONAL INC US ESV 59,074.7 $428,882.31
G37585AC3 GASLOG LTD 8.87500 03/22/2022 BM 19,227.87 $19,948.91
G5960L103 MEDTRONIC INC IE MDT 14,557.17 $1,246,239.16
G68707101 PAGSEGURO DIGITAL LTD-CL A BR PAGS 10,185.75 $282,654.68
G97822103 PERRIGO CO PLC IE PRGO 9,087.26 $662,551.95
H8817H100 TRANSOCEAN LTD US RIG 39,870.24 $535,856.00
N47279109 INTERXION HOLDING NX NL INXN 317.68 $19,829.45
N72482123 QIAGEN N.V. ADR NL QGEN 14,600.81 $527,965.18

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

$18.97

Daily $ Change

-$0.04

Daily % Change

-0.21%

as of 07/19/2018

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.

Target Series Glide Path Overview

Learn more about our Glide Range SM

Performance

As of 06/30/2018

YTD

3.53%

1 Year

13.51%

3 Year

8.27%

5 Year

9.24%

10 Year

7.80%

Inception
(01/01/2000)

7.27%

US Stock Market Cycle (04/01/2000 - 06/30/2018)

7.43%

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 0.89%
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 06/30/2018

TREASURY NOTES 4.61%
FACEBOOK INC -A 2.97%
O'REILLY AUTOMOTIVE INC 1.99%
INCYTE CORP 1.99%
MASTERCARD INC-CLASS A 1.92%
SERVICENOW INC 1.88%
BOOKING HOLDINGS INC 1.79%
QORVO INC 1.77%
ANHEUSER-BUSCH INBEV SA/NV 1.72%
LULULEMON - ADR 1.62%

This investment list is unaudited and excludes cash.

Asset Allocation

As of 06/30/2018

Stocks
87.77%
Bonds
10.81%
Cash
1.42%

Detailed Asset Class Allocation

As of 06/30/2018

International Equities
28.59%
Small Capitalization
1.93%
Mid Capitalization
7.59%
Large Capitalization
49.66%
Long Term Fixed Income
2.67%
Intermediate Term Fixed Income
7.24%
Short Term Fixed Income
0.90%
Cash
1.42%

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 06/30/2018

CUSIP Security Description Country Ticker Shares/Par Market Value (USD)
00163UAB2 AMAG PHARMACEUTICALS INC 7.87500 09/01/2023 US 12,539.91 $13,300.15
00206RDQ2 AT&T INC 4.25000 03/01/2027 US 75,239.48 $73,638.00
00289XAA7 ABENGOA YIELD PLC 7.00000 11/15/2019 GB 12,539.91 $12,978.81
004239109 ACADIA REALTY TRUST US AKR 184.75 $5,056.74
0045614 ANTOFAGASTA PLC GB ANTO LN 14,859.8 $193,061.37
0053673 ASHTEAD GROUP PLC GB AHT LN 1,037.47 $30,895.11
00724F101 ADOBE SYS INC US ADBE 3,069.77 $748,440.85
00790X101 ADVANCED DISPOSAL SERVICES US ADSW 22,706.44 $562,665.59
008492100 AGREE REALTY CORP US ADC 84.44 $4,455.66
00928QAK7 AIRCASTLE LTD 6.25000 12/01/2019 BM 5,851.96 $6,052.86
015271109 ALEXANDRIA REAL EST EQUITIES US ARE 34.28 $4,324.57
01609W102 ALIBABA GROUP - ADR CN BABA 6,356.06 $1,179,240.62
01609WAT9 ALIBABA GROUP HOLDING 3.40000 12/06/2027 KY 120,383.17 $112,165.61
01748XAA0 ALLEGIANT TRAVEL CO 5.50000 07/15/2019 US 11,703.92 $11,762.44
02005NAT7 ALLY FINANCIAL INC 3.50000 01/27/2019 US 9,195.94 $9,184.44
02079K107 ALPHABET INC-CL C US GOOG 372.85 $415,973.94
02079K305 ALPHABET INC-CL A US GOOGL 369.51 $417,246.39
02209S103 ALTRIA GROUP INC US MO 7,832.43 $444,803.71
023135106 AMAZON.COM INC US AMZN 464.81 $790,088.81
02319V103 AMBEV SA-ADR BR ABEV 145,255.67 $672,533.77
0237400 DIAGEO PLC GB DGE LN 32,386.42 $1,163,510.01
024835100 AMERICAN CAMPUS COMMUNITIES US ACC 213.18 $9,141.10
0263494 BAE SYSTEMS PLC GB BA/ LN 2,212.04 $18,818.50
02665T306 AMERICAN HOMES 4 RENT- A US AMH 808.41 $17,930.46
02666TAA5 AMERICAN HOMES 4 RENT 4.25000 02/15/2028 US 78,583.46 $75,256.87
03027X100 AMERICAN TOWER REIT INC US AMT 6,020.83 $868,023.16
03064D108 AMERICOLD REALTY TRUST US COLD 151.32 $3,331.96
03748R101 APARTMENT INVT & MGMT CO -A US AIV 286.75 $12,129.36
03784Y200 APPLE HOSPITALITY REIT INC US APLE 412.15 $7,369.16
03969AAL4 ARDAGH PKG FIN/HLDGS USA 6.00000 02/15/2025 IE 10,031.93 $9,768.59
0405207 HALMA PLC GB HLMA LN 852.71 $15,354.21
04621WAC4 ASSURED GUARANTY US HLDG 5.00000 07/01/2024 US 76,911.47 $80,371.34
0490656 KERRY GROUP PLC-A IE KYGA LN 283.4 $29,604.13
053332102 AUTOZONE INC US AZO 1,263.19 $847,510.27
053484101 AVALONBAY COMMUNITIES INC US AVB 191.44 $32,907.08
058498106 BALL CORP US BLL 19,943.48 $708,990.68
06051GFM6 BANK OF AMERICA CORP 4.00000 01/22/2025 US 115,367.21 $113,885.02
09061G101 BIOMARIN PHARMACEUTICAL INC US BMRN 13,088.33 $1,232,920.32
09062X103 BIOGEN IDEC INC US BIIB 1,207.18 $350,370.68
0922320 SMITH & NEPHEW PLC GB SN/ LN 422.18 $7,776.63
09247X101 BLACKROCK INC US BLK 2,054.87 $1,025,464.27
0946580 WEIR GROUP PLC/THE GB WEIR LN 1,901.89 $49,947.77
09627J102 BLUEROCK RESIDENTIAL GROWTH US 362.82 $3,236.37
096630AE8 BOARDWALK PIPELINES LP 5.95000 06/01/2026 US 105,335.28 $112,956.72
09857L108 BOOKING HOLDINGS INC US BKNG 680.5 $1,379,433.38
101121101 BOSTON PROPERTIES INC US BXP 151.32 $18,977.92
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92532F100 VERTEX PHARMACEUTICALS INC US VRTX 2,054.04 $349,104.28
92826C839 VISA INC - CLASS A SHARES US V 8,774.6 $1,162,195.21
929042109 VORNADO REALTY TRUST US VNO 209 $15,449.17
92960PAA7 W/S PACKAGING HOLDINGS 9.00000 04/15/2023 US 14,211.9 $14,389.55
948565AC0 WEEKLEY HOMES LLC/ FINAN 6.00000 02/01/2023 US 9,195.94 $8,954.54
94856TAA2 WEEKLEY HOMES LLC/ FINAN 6.62500 08/15/2025 US 15,883.89 $15,049.99
95040Q104 WELLTOWER INC. US WELL 160.51 $10,062.43
962166104 WEYERHAEUSER CO US WY 171.21 $6,242.38
962178AL3 TRI POINTE HOLDINGS INC 4.37500 06/15/2019 US 10,867.93 $10,924.44
962178AN9 TRI POINTE GROUP / HOMES 5.87500 06/15/2024 US 10,031.93 $9,956.69
98919V105 ZAYO GROUP HOLDINGS INC US ZAYO 27,831.92 $1,015,308.48
AP8694550 BOREALIS FINANCE LLC 7.50000 11/16/2022 MH 21,735.85 $21,436.98
B0190C7 TECHTRONIC INDUSTRIES CO LTD HK 669 HK 1,253.99 $6,964.53
B02J639 ADMIRAL GROUP PLC GB ADM LN 290.93 $7,311.63
B037JC2 NEXITY FR NXI FP 448.09 $28,288.56
B0386J1 JYSKE BANK-REG DK JYSK DC 260.83 $14,256.96
B06JSP1 SYDBANK A/S DK SYDB DC 370.35 $12,695.54
B09DHL9 MTU AERO ENGINES HOLDING AG DE MTX GR 41.8 $8,006.39
B09M9D2 KONE OYJ-B FI KNEBV FH 147.97 $7,523.67
B11TCY0 SCHINDLER HOLDING-PART CERT CH SCHP SW 35.11 $7,538.60
B11ZRK9 LEGRAND SA FR LR FP 293.43 $21,493.22
B138HB7 KAUFMAN & BROAD SA FR KOF FP 449.76 $21,180.21
B13X013 EIFFAGE FR FGR FP 261.67 $28,428.36
B15C557 TOTAL SA FR FP FP 382.89 $23,251.04
B19NLV4 EXPERIAN PLC GB EXPN LN 309.32 $7,630.44
B1CRLC4 MONDI PLC GB MNDI LN 285.07 $7,690.75
B1FW751 GALP ENERGIA SGPS SA PT GALP PL 1,564.15 $29,755.79
B1HDJL2 NATIXIS FR KN FP 3,292.15 $23,293.78
B1KFX13 GRUPO AEROPORTUARIO DEL CENT MX OMAB MM 1,772.31 $9,255.86
B1WGG93 GEBERIT AG-REG CH GEBN SW 51.83 $22,192.44
B1WY233 SMITHS GROUP PLC GB SMIN LN 336.07 $7,506.93
B1XFTL2 HEXAGON AB-B SHS SE HEXAB SS 363.66 $20,207.42
B1XH026 VINCI SA FR DG FP 7,646.84 $734,029.85
B1Y9TB3 DANONE FR BN FP 359.14 $26,221.97
B1YVKN8 ANTA SPORTS PRODUCTS LTD CN 2020 HK 4,012.77 $21,160.58
B232R05 SK INNOVATION CO LTD KR 096770 KS 81.93 $14,839.38
B249GC0 MATSUMOTOKIYOSHI HOLDINGS CO JP 3088 JP 334.4 $15,005.70
B283W97 CAIXABANK S.A ES CABK SM 113,580.69 $488,884.28
B3MPN59 SUN ART RETAIL GROUP LTD HK 6808 HK 6,687.95 $8,724.92
B3MSM28 AMADEUS IT HOLDING SA-A SHS ES AMS SM 96.98 $7,625.42
B3NB1P2 SUNCOR ENERGY INC CA SU CN 407.97 $16,602.24
B4Q2TX3 CHINA LONGYUAN POWER GROUP-H CN 916 HK 36,616.55 $29,414.50
B4R2R50 JULIUS BAER CH BAER SW 9,516.12 $557,373.30
B4WTBY3 HUANENG RENEWABLES CORP-H CN 958 HK 77,245.87 $25,604.18
B4YVF56 BRENNTAG AG DE BNR GR 405.46 $22,527.90
B607XS1 VERMILION ENERGY INC CA VET CN 446.42 $16,099.20
B61JC67 TREASURY WINE ESTATES LTD AU TWE AU 2,464.51 $31,664.12
B63QM77 NEXON CO LTD JP 3659 JP 2,006.39 $29,111.39
B7VQL46 FNAC DARTY SA FR FNAC FP 214.85 $20,366.00
BB22L96 KION GROUP AG DE KGX GR 276.71 $19,862.41
BD4TZK8 OCI NV NL OCI NA 739.85 $19,867.73
BD6K457 COMPASS GROUP PLC GB CPG LN 354.46 $7,555.56
BD82246 EAGLE BULK SHIPCO 8.25000 11/28/2022 MH 33,439.77 $33,941.37
BD97BN2 ATLAS COPCO AB-A SHS SE ATCOA SS 187.26 $5,423.23
BDQZ7T7 WISDOM EDUCATION INTERNATION CN 6068 HK 17,054.28 $14,818.46
BDZV116 EPIROC AB-A SE EPIA SS 2,643.41 $27,739.35
BF2DSG3 SIKA AG-REG CH SIKA SW 100.32 $13,861.08
BF955D8 TELENET FINANCE LUX NOTE 5.50000 03/01/2028 LU 19,227.87 $17,497.36
BFMDQ58 REPSOL SA-RTS ES 1,210.95 $687.42
BFYFZP5 FERGUSON PLC CH FERG LN 93.46 $7,561.26
BFYM460 UNIBAIL-RODAMCO-WESTFIELD FR URW NA 127.91 $28,163.74
BGHQ198 HIBERNIA REIT PLC IE HBRN ID 4,110.58 $7,200.52
BH4TZ73 FU SHOU YUAN INTERNATIONAL CN 1448 HK 18,057.48 $20,322.94
BMMV2K8 TENCENT HOLDINGS LTD CN 700 HK 14,107.57 $708,417.33
BNBNSG0 EURONEXT NV NL ENX FP 550.92 $34,910.57
BNGN9Z1 FINECOBANK SPA IT FBK IM 44,218.24 $497,768.00
BP9DL90 INDUSTRIA DE DISENO TEXTIL ES ITX SM 17,882.75 $608,982.12
BQRRZ00 RECRUIT HOLDINGS CO LTD JP 6098 JP 284.24 $7,850.27
BSBMKM2 CHINA MAPLE LEAF EDUCATIONAL CN 1317 HK 8,025.54 $14,411.64
BVSS790 ELIS SA FR ELIS FP 1,000.69 $22,884.00
BYM4063 BECLE SAB DE CV MX 5,187.34 $7,475.32
BYPC1T4 ASSA ABLOY AB-B SE ASSAB SS 354.46 $7,518.70
BYQ32R1 NEMAK SAB DE CV MX 21,752.57 $14,950.60
BYWPGC4 CHINA YUHUA EDUCATION CORP L CN 6169 HK 10,031.93 $7,097.43
BYXS699 QIAGEN N.V. NL QIA GR 461.13 $16,715.76
BYY8LS2 MAISONS DU MONDE SA FR MDM FP 387.9 $14,264.65
BYYHL23 ANHEUSER-BUSCH INBEV SA/NV BE ABI BB 13,113.07 $1,322,651.34
BYZ43T4 EUROBANK ERGASIAS SA GR EUROB GA 14,830.54 $15,420.44
BYZFYS3 SPIE SA FR SPIE FP 1,420.35 $28,749.67
BYZFZ91 SOPHOS GROUP PLC GB SOPH LN 3,014.6 $25,348.45
BYZWX76 CRODA INTERNATIONAL PLC GB CRDA LN 464.31 $29,333.82
BZ3C3Q4 BANKIA SA ES BKIA SM 83,069.07 $309,770.78
BZCNN35 BANCO COMERCIAL PORTUGUES-R PT BCP PL 39,601.05 $11,841.98
G02602103 AMDOCS LTD GG DOX 10,739.68 $710,859.68
G06242104 ATLASSIAN CORP PLC-CLASS A AU TEAM 5,454.36 $341,006.65
G0750C108 AXALTA COATING SYSTEMS LTD US AXTA 16,651.33 $504,701.92
G27358103 DESPEGAR.COM CORP AR DESP 274.21 $5,750.10
G3157S106 ENSCO INTERNATIONAL INC US ESV 59,074.7 $428,882.31
G37585AC3 GASLOG LTD 8.87500 03/22/2022 BM 19,227.87 $19,948.91
G5960L103 MEDTRONIC INC IE MDT 14,557.17 $1,246,239.16
G68707101 PAGSEGURO DIGITAL LTD-CL A BR PAGS 10,185.75 $282,654.68
G97822103 PERRIGO CO PLC IE PRGO 9,087.26 $662,551.95
H8817H100 TRANSOCEAN LTD US RIG 39,870.24 $535,856.00
N47279109 INTERXION HOLDING NX NL INXN 317.68 $19,829.45
N72482123 QIAGEN N.V. ADR NL QGEN 14,600.81 $527,965.18

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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