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 2055
  • 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

$23.92

Daily $ Change

$0.33

Daily % Change

1.38%

as of 11/24/2020

CUSIP

302027537

Inception Date

08/17/2012

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

Important Documents

Annual Report
Applications & Forms

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

Performance

As of 10/31/2020

YTD

6.40%

1 Year

12.55%

3 Year

9.66%

5 Year

10.12%

10 Year

8.82%

Inception
(01/01/2000)

7.44%

Performance through the inception date of the Retirement Target CIT Class S units is based on historical performance of the CIT's oldest unit class. Performance through the inception date of the oldest unit class (08/03/2012) is not the past performance of the Retirement Target CIT Fund and is based on historical performance data of the Manning & Napier Pro-Mix® CIT Fund(s) that would have been held according to the Retirement Target CIT Fund’s glide path. Returns are net of the Class S expenses. The Retirement Target CIT Fund will gradually become more conservative over time. Performance data quoted represents past performance and does not guarantee future results. Performance for periods greater than one year is annualized. Your investment may fluctuate in value and there is a potential for loss as well as profit.

Expense Ratio

Gross 0.93%
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 10/31/2020

TREASURY NOTES 3.02%
SERVICENOW INC 2.53%
PAYPAL HOLDINGS INC 2.37%
EXPEDIA INC 2.27%
COCA COLA CO/THE 2.27%
MICROSOFT CORP 2.24%
MICRON TECHNOLOGY INC 2.23%
MONDELEZ INTERNATIONAL INC 2.07%
AMAZON.COM INC 1.87%
CABOT OIL & GAS CORP 1.85%

This investment list is unaudited and excludes cash.

Asset Allocation

As of 10/31/2020

Stocks 91.10%
Bonds 7.51%
Cash 1.39%

Detailed Asset Class Allocation

As of 10/31/2020

International Equities 25.28%
Small Capitalization 3.06%
Mid Capitalization 12.79%
Large Capitalization 49.98%
Long Term Fixed Income 0.99%
Intermediate Term Fixed Income 5.37%
Short Term Fixed Income 1.14%
Cash 1.39%

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

October Fund Holdings

As of 10/31/2020

CUSIP Security Description Country Ticker Shares/Par Market Value (USD)
00206RDQ2 AT&T INC 4.25000 03/01/2027 US 8,553.59 $9,840.17
00287Y109 ABBVIE INC US ABBV 122.32 $10,409.12
00435F309 ACCOR SA-SPONSORED ADR FR ACCYY 30,703.1 $156,892.86
00507V109 ACTIVISION INC US ATVI 2,010.09 $152,224.36
00653VAA9 ADAPTHEALTH LLC 6.12500 08/01/2028 US 3,564 $3,702.10
00774MAG0 AERCAP IRELAND CAP / GLOBA 4.45000 10/01/2025 IE 22,096.77 $22,469.53
00791GAA5 AG MERGER SUB II INC 10.75000 08/01/2027 US 3,564 $3,572.91
008492100 AGREE REALTY CORP US ADC 151.33 $9,392.88
00912XAV6 AIR LEASE CORP 3.62500 04/01/2027 US 22,809.57 $22,766.99
01166WAA5 ALASKA AIR 2020-1 CL B 8.00000 08/15/2025 US 4,633.19 $4,880.19
013822AC5 ALCOA NEDERLAND HOLDING 6.12500 05/15/2028 NL 2,851.2 $3,060.87
015271109 ALEXANDRIA REAL EST EQUITIES US ARE 15.9 $2,408.47
01609W102 ALIBABA GROUP - ADR CN BABA 1,302.28 $396,792.85
01609WAT9 ALIBABA GROUP HOLDING 3.40000 12/06/2027 KY 28,511.96 $31,811.93
020002101 ALLSTATE CORPORATION US ALL 34.64 $3,074.48
02079K107 ALPHABET INC-CL C US GOOG 36.35 $58,928.17
02079K305 ALPHABET INC-CL A US GOOGL 191.03 $308,725.71
023135106 AMAZON.COM INC US AMZN 142.92 $433,915.03
0237400 DIAGEO PLC GB DGE LN 5,838.47 $188,687.49
024835100 AMERICAN CAMPUS COMMUNITIES US ACC 233.51 $8,747.40
02665T306 AMERICAN HOMES 4 RENT- A US AMH 383.49 $10,841.15
03027X100 AMERICAN TOWER REIT INC US AMT 1,161.15 $266,658.00
03027XAW0 AMERICAN TOWER CORP 3.80000 08/15/2029 US 28,511.96 $32,444.69
03064D108 AMERICOLD REALTY TRUST US COLD 326.82 $11,840.63
032654105 ANALOG DEVICES INC US ADI 31.65 $3,751.27
03690AAD8 ANTERO MIDSTREAM PART / FI 5.75000 03/01/2027 US 3,564 $3,207.60
03690AAF3 ANTERO MIDSTREAM PART/FI 5.75000 01/15/2028 US 2,138.4 $1,903.17
03748R754 APARTMENT INVT & MGMT CO -A US AIV 146.12 $4,661.35
03784Y200 APPLE HOSPITALITY REIT INC US APLE 752 $7,444.83
039483102 ARCHER-DANIELS-MIDLAND CO US ADM 72.56 $3,355.31
053015103 AUTOMATIC DATA PROCESSING US ADP 31.01 $4,897.83
053332102 AUTOZONE INC US AZO 172.85 $195,148.44
053484101 AVALONBAY COMMUNITIES INC US AVB 48.47 $6,743.68
05401AAJ0 AVOLON HOLDINGS FNDG LTD 3.25000 02/15/2027 KY 12,830.38 $11,711.45
055622104 BP PLC-SPONS ADR GB BP 287.97 $4,457.79
05722G100 BAKER HUGHES CO US BKR 160.66 $2,373.02
060505104 BANK OF AMERICA CORP US BAC 533.32 $12,639.59
06051GFM6 BANK OF AMERICA CORP 4.00000 01/22/2025 US 13,543.18 $15,057.56
071734AH0 BAUSCH HEALTH COS INC 5.00000 01/30/2028 CA 3,564 $3,522.58
084423102 WR BERKLEY CORP US WRB 2,859.75 $171,928.15
084670702 BERKSHIRE HATHAWAY INC-CL B US BRK/B 570.95 $115,275.21
086516101 BEST BUY INC US BBY 38.71 $4,317.54
09061G101 BIOMARIN PHARMACEUTICAL INC US BMRN 2,194.71 $163,352.13
09247X101 BLACKROCK INC US BLK 506.44 $303,466.13
101137107 BOSTON SCIENTIFIC CORP US BSX 2,824.47 $96,794.45
105368203 BRANDYWINE REALTY TRUST US BDN 462.96 $4,055.56
110122108 BRISTOL MYERS SQUIBB CO US BMY 165.37 $9,665.84
116ESCAD6 BRUIN E&P PARTNERS LLC 0.00000 08/01/2023 US 11,048.38 $11.05
12503M108 CBOE GLOBAL MARKETS INC US CBOE 1,255.6 $102,067.36
12514G108 CDW CORP/DE US CDW 2,005.1 $245,825.70
12541W209 C.H. ROBINSON WORLDWIDE INC US CHRW 25.3 $2,237.66
12572Q105 CME GROUP INC US CME 661.48 $99,697.89
12654TAA8 CNX MIDSTREAM PTR/CNX 6.50000 03/15/2026 US 2,494.8 $2,534.96
127097103 CABOT OIL & GAS CORP US COG 24,089.76 $428,556.75
133131102 CAMDEN PROPERTY TRUST US CPT 88.03 $8,119.95
13321L108 CAMECO CORP CA CCJ 12,715.41 $120,923.53
14174T107 CARETRUST REIT INC US CTRE 175.35 $2,998.46
149123101 CATERPILLAR INC US CAT 54.17 $8,507.83
16119P108 CHARTER COMMUNICATIONS INC-A US CHTR 569.88 $344,106.64
166764100 CHEVRON CORP US CVX 596.26 $41,439.82
172062101 CINCINNATI FINANCIAL CORP US CINF 19.53 $1,381.60
17275R102 CISCO SYSTEMS INC US CSCO 301.37 $10,819.23
172967424 CITIGROUP INC US C 159.1 $6,589.79
172967KA8 CITIGROUP INCA 4.45000 09/29/2027 US 18,532.77 $21,382.82
180848P56 CLARK CNTY NV 1.51000 11/01/2028 US 24,947.97 $24,706.22
191216100 COCA COLA CO/THE US KO 10,942.89 $525,915.31
194162103 COLGATE-PALMOLIVE CO US CL 85.68 $6,759.17
20030N101 COMCAST CORP-CL A US CMCSA 221.32 $9,348.73
20030NCY5 COMCAST CORP 3.25000 11/01/2039 US 24,235.17 $26,944.68
20369C106 COMMUNITY HEALTHCARE TRUST I US CHCT 117.97 $5,461.93
20449X401 COMPASS GROUP PLC ADR GB CMPGY 11,595.81 $160,022.24
205887102 CONAGRA BRAND INC. US CAG 76.41 $2,681.30
20605P101 CONCHO RESOURCES INC US CXO 3,730.43 $154,850.30
20825C104 CONOCOPHILLIPS US COP 2,714.84 $77,698.65
21036P108 CONSTELLATION BRANDS INC-A US STZ 652.92 $107,882.62
217204106 COPART INC US CPRT 1,023.22 $112,922.89
222795502 COUSINS PROPERTIES INC US CUZ 391.61 $9,978.27
22822V101 CROWN CASTLE INTL CORP US CCI 82.68 $12,915.35
22822VAN1 CROWN CASTLE INTL CORP 3.10000 11/15/2029 US 29,937.56 $32,170.31
229663109 CUBESMART US CUBE 179.63 $6,094.69
231021106 CUMMINS INC US CMI 21.53 $4,733.47
253868103 DIGITAL REALTY TRUST INC US DLR 133.29 $19,234.24
254687106 WALT DISNEY CO/THE US DIS 1,316.54 $159,630.45
256677105 DOLLAR GENERAL CORP US DG 1,128.36 $235,500.19
256746108 DOLLAR TREE STORES INC US DLTR 3,328.42 $300,622.44
25746UDG1 DOMINION ENERGY 3.37500 04/01/2030 US 14,255.98 $16,083.34
25787GAC4 DONNELLEY FINANCIAL SOL 8.25000 10/15/2024 US 2,494.8 $2,613.30
25960P109 DOUGLAS EMMETT INC US DEI 248.05 $5,854.08
260003108 DOVER CORP US DOV 17.89 $1,980.74
26439XAC7 DCP MIDSTREAM OPERATING 8.12500 08/16/2030 US 2,851.2 $3,250.36
264411505 DUKE RLTY INVTS INC US DRE 221.82 $8,427.06
26875P101 EOG RESOURCES INC US EOG 4,524.21 $154,908.83
26884L109 EQT CORP US EQT 11,983.93 $181,436.75
26884LAG4 EQT CORP 8.75000 02/01/2030 US 2,138.4 $2,656.96
2715777 QUEBECOR INC -CL B CA QBR/B CN 1,063.5 $24,673.62
27579R104 EAST WEST BANCORP INC US EWBC 4,599.69 $167,796.77
285512109 ELECTRONIC ARTS US EA 2,099.19 $251,546.31
291011104 EMERSON ELEC CO US EMR 78.19 $5,066.19
29273RAR0 ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 US 25,660.76 $27,369.21
29444U700 EQUINIX INC US EQIX 275.57 $201,506.42
29472R108 EQUITY LIFESTYLE PROPERTIES US ELS 160.74 $9,513.97
29476L107 EQUITY RESIDENTIAL US EQR 64.51 $3,030.60
297178105 ESSEX PROPERTY TRUST INC US ESS 12.62 $2,581.22
30212P303 EXPEDIA INC US EXPE 5,589.77 $526,276.83
30212PAS4 EXPEDIA GROUP INC 6.25000 05/01/2025 US 9,979.19 $10,973.79
30225T102 EXTRA SPACE STORAGE INC US EXR 31.72 $3,677.88
30231G102 EXXON MOBIL CORP US XOM 2,551.11 $83,217.13
302491303 FMC CORP US FMC 1,049.24 $107,798.93
30264DAA7 FS ENERGY & POWER FUND 7.50000 08/15/2023 US 3,564 $3,180.87
30303M102 FACEBOOK INC -A US FB 870.33 $228,991.89
311900104 FASTENAL CO US FAST 80.69 $3,488.18
3135G05Y5 FANNIE MAE 0.75000 10/08/2027 US 193,881.33 $192,674.62
316773100 FIFTH THIRD BANCORP US FITB 110.27 $2,560.47
32054K103 FIRST INDUSTRIAL REALTY TR US FR 202.43 $8,058.93
33834YAA6 FIVE POINT OP CO LP/FIVE 7.87500 11/15/2025 US 3,564 $3,564.00
345370CW8 FORD MOTOR COMPANY 9.00000 04/22/2025 US 3,564 $4,199.79
345397XU2 FORD MOTOR CREDIT CO LLC 4.38900 01/08/2026 US 1,782 $1,795.36
346232AE1 FORESTAR GROUP INC 5.00000 03/01/2028 US 2,138.4 $2,122.83
34960PAB7 FORTRESS TRANS & INFRAST 6.50000 10/01/2025 US 2,494.8 $2,457.90
34960PAC5 FORTRESS TRANS & INFRAST 9.75000 08/01/2027 US 2,138.4 $2,274.72
35166FAA0 FOXTROT ESCROW ISSUER 12.25000 11/15/2026 US 2,494.8 $2,607.06
36166LAA5 GEMS MENASA KY LTD/GEMS 7.12500 07/31/2026 AE 1,782 $1,764.18
369550108 GENERAL DYNAMICS CORP US GD 29.51 $3,875.53
369604BQ5 GENERAL ELECTRIC CO 5.00000 01/21/2021 US 17,819.98 $14,434.18
370334104 GENERAL MLS INC US GIS 73.28 $4,332.06
372460105 GENUINE PARTS CO US GPC 27.02 $2,442.97
37255LAA5 GENWORTH MORTGAGE HLDING 6.50000 08/15/2025 US 3,564 $3,715.46
374297109 GETTY REALTY CORP US GTY 205.64 $5,404.29
375558103 GILEAD SCIENCES INC US GILD 109.41 $6,362.46
384802104 WW GRAINGER INC US GWW 6.27 $2,195.55
388689101 GRAPHIC PACKAGING HOLDING CO US GPK 12,071.61 $160,431.67
400501102 GRUPO AEROPORTUARIO CEN-ADR MX OMAB 1,568.87 $56,761.74
400506101 GRUPO AEROPORTUARIO PAC-ADR MX PAC 708.17 $58,905.23
40051E202 GRUPO AEROPORTUARIO DEL SURESTE MX ASR 539.59 $62,241.57
4012250 AIRBUS SE FR AIR FP 110.48 $8,083.64
4031976 ADIDAS AG DE ADS GR 614.79 $182,656.37
404119BX6 HCA INC 4.12500 06/15/2029 US 14,255.98 $16,177.91
416515104 HARTFORD FINL SVCS US HIG 53.53 $2,062.02
418751AD5 HAT HOLDINGS I LLC/HAT 3.75000 09/15/2030 US 2,494.8 $2,491.68
421946104 HEALTHCARE REALTY TRUST INC US HR 182.12 $5,062.94
42225P501 HEALTHCARE TRUST OF AMERICA US HTA 278.35 $6,763.86
42250P103 HEALTHPEAK PROPERTIES INC US PEAK 463.68 $12,505.34
423012301 HEINEKEN NV-SPN ADR NL HEINY 3,708.34 $165,243.49
427866108 HERSHEY CO/THE US HSY 26.73 $3,674.30
431571AB4 HILLENBRAND INC 5.00000 09/15/2026 US 2,138.4 $2,322.83
43300A203 HILTON WORLDWIDE HOLDINGS INC US HLT 2,179.38 $191,371.62
437076102 HOME DEPOT INC US HD 71.35 $19,030.07
438516106 HONEYWELL INTERNATIONAL INC US HON 61.44 $10,135.07
440452100 HORMEL FOODS CORP US HRL 51.68 $2,516.20
443201AA6 HOWMET AEROSPACE INC 6.87500 05/01/2025 US 3,207.6 $3,568.45
443628AH5 HUDBAY MINERALS INC 6.12500 04/01/2029 CA 3,564 $3,644.18
444454AD4 HUGHES SATELLITE SYSTEMS 5.25000 08/01/2026 US 2,138.4 $2,291.88
450913AF5 IAMGOLD CORP 5.75000 10/15/2028 CA 3,564 $3,566.85
452308109 ILLINOIS TOOL WKS INC US ITW 34.29 $6,715.87
45337C102 INCYTE CORP US INCY 986.16 $85,440.68
45569LAA9 INDIGO NATURAL RES LLC 6.87500 02/15/2026 US 2,494.8 $2,451.14
45682RAA8 INFRABUILD AUSTRALIA PTY 12.00000 10/01/2024 AU 3,564 $3,528.36
45778Q107 INSPERITY INC US NSP 2,270.98 $173,911.47
458140100 INTEL CORP US INTC 265.23 $11,744.50
45857P806 INTERCONTINENTAL HOTELS-ADR GB IHG 3,313.45 $169,449.64
45866F104 INTERCONTINENTALEXCHANGE INC US ICE 2,190.08 $206,743.08
459200101 INTERNATIONAL BUSINESS MACH CORP US IBM 74.99 $8,372.99
459506101 INTERNATIONAL FLVRS & FRAGRANCES US IFF 13.4 $1,375.71
46116VAE5 INTL FC STORE INC 8.62500 06/15/2025 US 4,276.79 $4,512.02
46120E602 INTUITIVE SURGICAL INC US ISRG 123.67 $82,498.20
46187W107 INVITATION HOMES INC US INVH 612.08 $16,685.31
46284VAN1 IRON MOUNTAIN INC 4.50000 02/15/2031 US 2,494.8 $2,483.74
46625H100 JP MORGAN CHASE & CO US JPM 174.35 $17,093.34
478160104 JOHNSON & JOHNSON US JNJ 2,964.46 $406,457.09
47987LAA9 JONAH NRG LLC/FINANCE 7.25000 10/15/2025 US 11,761.18 $382.24
48088LAB3 JOSEPH T RYERSON & SON 8.50000 08/01/2028 US 2,138.4 $2,291.40
482480100 KLA-TENCOR CORPORATION US KLAC 19.53 $3,851.06
487526AB1 KEHE DISTRIBUTORS LLC/FI 8.62500 10/15/2026 US 3,564 $3,831.29
49427F108 KILROY REALTY CORP US KRC 190.6 $8,973.56
494368103 KIMBERLY CLARK CORP US KMB 36.5 $4,838.91
494550AW6 KINDER MORGAN ENER PART 6.95000 01/15/2038 US 20,671.17 $26,630.91
501044101 KROGER CO US KR 105.57 $3,400.27
505742AG1 LADDER CAP FIN LLLP/CORP 5.25000 10/01/2025 US 3,207.6 $2,926.93
5107401 BEIERSDORF AG DE BEI GR 141.85 $14,852.66
512816109 LAMAR ADVERTISING CO-A US LAMR 67.72 $4,195.68
53223X107 LIFE STORAGE INC US LSI 64.51 $7,363.62
532457108 ELI LILLY & CO US LLY 54.17 $7,067.37
539830109 LOCKHEED MARTIN CORP US LMT 24.31 $8,510.42
541056AA5 LOGAN MERGER SUB INC 5.50000 09/01/2027 US 2,138.4 $2,167.80
54238XAC2 LONESTAR RESOURCES AMERICA 11.25000 01/01/2023 US 3,564 $472.23
550021109 LULULEMON - ADR CA LULU 733.26 $234,121.42
552697AQ7 MDC PARTNERS INC 6.50000 05/01/2024 CA 1,069.2 $1,023.03
552848AG8 MGIC INVESTMENT CORP 5.25000 08/15/2028 US 3,564 $3,662.00
56585A102 MARATHON PETROLEUM CORP US MPC 103.78 $3,061.61
573284106 MARTIN MARIETTA MATERIALS US MLM 500.03 $133,182.59
57636Q104 MASTERCARD INC-CLASS A US MA 1,458.74 $421,051.63
577128AA9 MATTHEWS INTERNATIONAL C 5.25000 12/01/2025 US 2,494.8 $2,370.06
5852842 ACCOR SA FR AC FP 377.43 $9,619.81
58933Y105 MERCK & CO INC US MRK 182.12 $13,697.26
594918104 MICROSOFT CORP US MSFT 2,564.29 $519,192.70
595112103 MICRON TECHNOLOGY INC US MU 10,294.6 $518,230.15
59522J103 MID-AMERICA APARTMENT COMM US MAA 125.1 $14,589.97
609207105 MONDELEZ INTERNATIONAL INC US MDLZ 9,023.18 $479,311.33
615369105 MOODY'S CORPORATION US MCO 829.7 $218,127.62
61965RAA3 MOSS CREEK RESOURCES HLD 7.50000 01/15/2026 US 3,564 $1,773.09
6253983 ARISTOCRAT LEISURE LTD AU ALL AU 249.12 $5,016.52
62913TAJ1 NGL ENRGY PART LP/FIN CO 7.50000 11/01/2023 US 2,138.4 $1,153.86
6321954 TRAVELSKY TECHNOLOGY LTD-H CN 696 HK 7,484.39 $15,777.03
63938CAH1 NAVIENT CORP 6.75000 06/25/2025 US 3,207.6 $3,255.71
63938NAF1 NAVIOS SA LOGIST/FIN US 10.75000 07/01/2025 MUL 2,494.8 $2,632.01
64110D104 NETAPP INC US NTAP 35.28 $1,548.60
644393AA8 NEW FORTRESS ENERGY INC 6.75000 09/15/2025 US 4,633.19 $4,777.61
64971XPG7 NEW YORK CITY NY TRANSITIONALFIN 1.58000 05/01/2024 US 6,771.59 $6,941.56
654106103 NIKE INC CLASS B US NKE 1,781.64 $213,939.47
655844108 NORFOLK SOUTHN CORP US NSC 21.67 $4,531.44
6642321 NIKON CORP JP 7731 JP 11,533.09 $70,286.81
66727WAA0 NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 CA 10,335.59 $103.36
66987V109 NOVARTIS AG- REG CH NVS 2,864.38 $223,651.01
670346105 NUCOR CORP US NUE 56.74 $2,709.85
6742340 SHANDONG WEIGAO CN 1066 HK 9,979.19 $19,353.52
674599EA9 OCCIDENTAL PETROLEUM COR 8.87500 07/15/2030 US 3,207.6 $3,139.43
675232AB8 OCEANEERING INTL INC 6.00000 02/01/2028 US 3,564 $2,637.36
6821506 SONY CORP FIRST SECTION JP 6758 JP 135.43 $11,290.47
68389X105 ORACLE CORP US ORCL 159.6 $8,954.91
68555PAA8 ORBCOMM INC 8.00000 04/01/2024 US 3,564 $3,617.45
691205AC2 OWL ROCK TECHNOLOGY FINA 4.75000 12/15/2025 US 3,207.6 $3,177.71
69145LAA2 OXFORD FIN LLC/CO-ISS II 6.37500 12/15/2022 US 2,494.8 $2,474.84
69306RAA4 P&L DEV LLC/PLD 7.75000 11/15/2025 US 2,494.8 $2,541.57
69327RAJ0 PDC ENERGY INC 5.75000 05/15/2026 US 2,138.4 $2,015.44
693475105 PNC FINANCIAL SERVICES GROUP US PNC 35.21 $3,939.55
693506107 PPG INDUSTRIES INC US PPG 24.59 $3,190.02
69354NAC0 PRA GROUP INC 7.37500 09/01/2025 US 3,564 $3,738.63
69356MAA4 PM GENERAL PURCHASER LLC 9.50000 10/01/2028 US 3,564 $3,724.37
701094104 PARKER HANNIFIN CORP US PH 14.9 $3,104.04
7021963 DEUTSCHE BOERSE AG DE DB1 GR 1,394.95 $205,549.81
70450Y103 PAYPAL HOLDINGS INC US PYPL 2,947.07 $548,537.68
7123870 NESTLE SA-REGISTERED CH NESN SW 3,503.76 $394,096.09
713448108 PEPSICO INC US PEP 1,240.98 $165,410.63
717081103 PFIZER INC US PFE 413.14 $14,658.15
71943U104 PHYSICIANS REALTY TRUST US DOC 200.65 $3,383.01
723787107 PIONEER NATURAL RESOURCES CO US PXD 1,892.48 $150,565.82
741503AZ9 BOOKING HOLDINGS INC 3.60000 06/01/2026 US 29,224.76 $32,424.13
74165HAB4 PRIME HEALTHCARE SERVICE 7.25000 11/01/2025 US 3,564 $3,591.79
74166MAE6 PRIME SECSRVC BRW/FINANC 6.25000 01/15/2028 US 2,138.4 $2,160.81
74340W103 PROLOGIS US PLD 405.73 $40,247.94
74460D109 PUBLIC STORAGE INC US PSA 55.24 $12,654.27
747525103 QUALCOMM INC US QCOM 72.21 $8,907.40
74834L100 QUEST DIAGNOSTICS INC US DGX 21.38 $2,611.84
750236AW1 RADIAN GROUP INC 4.87500 03/15/2027 US 4,633.19 $4,737.44
75513E101 RAYTHEON TECHNOLOGIES CORP US RTX 123.74 $6,721.66
756109104 REALTY INCOME CORP US O 71.28 $4,124.26
7591EP100 REGIONS FINANCIAL CORP. US RF 160.17 $2,130.21
76131D103 RESTAURANT BRANDS INTERN CA QSR 329.31 $17,124.28
76169C100 REXFORD INDUSTRIAL REALITY IN US REXR 188.89 $8,775.91
7698356 GETINGE AB-B SHS SE GETIB SS 1,121.95 $21,967.67
773903109 ROCKWELL AUTOMATION INC US ROK 14.61 $3,464.89
7792559 HEINEKEN NV NL HEIA NA 172.85 $15,300.55
780259107 ROYAL DUTCH SHELL PLC-ADR B NL RDS/B 2,424.94 $58,562.36
783513203 RYANAIR HOLDINGS - ADR IE RYAAY 2,914.99 $234,948.32
78409V104 S&P GLOBAL INC US SPGI 603.03 $194,615.22
78410G104 SBA COMMUNICATIONS CORP US SBAC 835.4 $242,575.23
78442PGC4 SLM CORP 5.12500 04/05/2022 US 5,345.99 $5,493.01
78442PGD2 SLM CORP 4.20000 10/29/2025 US 4,633.19 $4,691.11
785592AV8 SABINE PASS LIQUEFACTION 5.87500 06/30/2026 US 27,086.36 $31,826.35
79466L302 SALESFORCE.COM US CRM 684.64 $159,022.13
806857108 SCHLUMBERGER LTD NL SLB 4,876.69 $72,857.68
81141R100 SEA LTD - ADR SG SE 1,193.94 $188,284.08
81181C104 SEAGEN INC US SGEN 638.67 $106,529.81
81762P102 SERVICENOW INC US NOW 1,179.68 $586,974.55
83088M102 SKYWORKS SOLUTIONS INC US SWKS 18.18 $2,568.14
832696405 JM SMUCKER CO/THE-NEW COM WI US SJM 19.32 $2,167.35
85172FAN9 SPRINGLEAF FINANCE CORP 7.12500 03/15/2026 US 2,494.8 $2,766.38
85254J102 STAG INDUSTRIAL INC US STAG 146.48 $4,558.46
854502101 STANLEY WORKS/THE US SWK 16.82 $2,795.83
85571BAL9 STARWOOD PROPERTY TRUST 4.75000 03/15/2025 US 3,564 $3,457.08
857949BL0 SS INT BEARING FD .022% 01/02/15 US 327,556.44 $327,556.44
861036AA9 STL HOLDING CO LLC 7.50000 02/15/2026 US 4,989.59 $4,958.41
866674104 SUN COMMUNITIES US SUI 109.77 $15,107.79
87105L104 SWITCH INC - A US SWCH 655.49 $9,216.19
871829107 SYSCO CORP US SYY 3,863.3 $213,679.09
872540109 TJX COMPANIES INC US TJX 2,027.56 $102,999.89
872540AU3 TJX COS INC 4.50000 04/15/2050 US 12,117.58 $16,050.91
87422VAJ7 TALEN ENERGY SUPPLY LLC 7.62500 06/01/2028 US 3,207.6 $3,139.43
87854WAA1 TECHNIPLAS LLC 10.00000 05/01/2020 US 1,425.6 $52.89
87901JAF2 TEGNA INC 4.75000 03/15/2026 US 2,138.4 $2,197.20
88032WAN6 TENCENT HOLDINGS 3.97500 04/11/2029 KY 27,799.16 $31,306.70
88146M101 TERRENO REALTY CORP US TRNO 123.67 $6,960.18
882508104 TEXAS INSTRUMENTS INC US TXN 75.77 $10,955.66
883556102 THERMO FISHER SCIENTIFIC INC US TMO 357.47 $169,125.59
88579Y101 3M CO US MMM 53.96 $8,631.26
89151E109 TOTAL S A SPONSORED ADR FR TOT 3,173.38 $96,248.65
892231AA9 TOWNSQUARE MEDIA INC 6.50000 04/01/2023 US 3,207.6 $2,983.06
89417E109 TRAVELLERS COS INC US TRV 29.72 $3,587.95
89832Q109 TRUIST FINANCIAL CORP US TFC 154.53 $6,509.01
901109AF5 TUTOR PERINI CORP 6.87500 05/01/2025 US 6,058.79 $5,771.00
902494103 TYSON FOODS INC -CL A US TSN 47.12 $2,696.45
902653104 UDR INC US UDR 134.51 $4,201.94
902973304 U.S. BANCORP US USB 162.09 $6,313.42
904767704 UNILEVER PLC - ADR GB UL 5,071.49 $288,212.99
907818108 UNION PAC CORP US UNP 57.67 $10,217.74
909214BV9 UNISYS CORP 6.87500 11/01/2027 US 2,494.8 $2,582.11
912810RX8 US TREASURY N/B 3.00000 05/15/2047 US 76,982.29 $101,132.48
9128282A7 UNITED STATES TREAS NTS 1.50000 08/15/2026 US 438,941.63 $464,129.34
9128284P2 US TREASURY N/B 2.62500 05/15/2021 US 234,154.48 $237,300.93
91324P102 UNITEDHEALTH GROUP INC US UNH 703.53 $214,675.95
918204108 VF CORP US VFC 52.96 $3,558.98
91913Y100 VALERO ENERGY US VLO 58.09 $2,242.98
92343VDU5 VERIZON COMMUNICATIONS 5.25000 03/16/2037 US 24,235.17 $33,047.00
92511U102 VERRA MOBILITY CORP US VRRM 11,267.64 $108,282.04
92532F100 VERTEX PHARMACEUTICALS INC US VRTX 807.6 $168,271.80
92826C839 VISA INC - CLASS A SHARES US V 1,839.38 $334,233.35
929160109 VULCAN MATERIALS CO US VMC 1,313.69 $190,274.65
931142103 WAL MART STORES US WMT 140.35 $19,473.58
94106L109 WASTE MANAGEMENT INC US WM 48.4 $5,222.74
949746101 WELLS FARGO COMPANY US WFC 340.01 $7,293.11
95040Q104 WELLTOWER INC. US WELL 138.92 $7,469.97
955306105 WEST PHARMACEUTICAL SERVICES US WST 315.06 $85,717.60
962178AN9 TRI POINTE GROUP / HOMES 5.87500 06/15/2024 US 2,138.4 $2,313.48
96949LAD7 WILLIAMS PARTNERS LP 3.75000 06/15/2027 US 19,958.37 $21,760.38
98311A105 WYNDHAM HOTELS & RESORTS INC US WH 170.93 $7,949.92
B02J639 ADMIRAL GROUP PLC GB ADM LN 986.51 $35,143.56
B1KFX13 GRUPO AEROPORTUARIO DEL CENT MX OMAB MM 1,297.29 $5,859.12
B1Y47Y7 GERRESHEIMER AG DE GXI GR 185.68 $18,665.73
B1Y9TB3 DANONE FR BN FP 340.22 $18,870.26
B3QJ0H8 TOURMALINE OIL CORP CA TOU CN 2,182.95 $28,280.17
B4YVF56 BRENNTAG AG DE BNR GR 3,035.81 $194,037.52
B63QM77 NEXON CO LTD JP 3659 JP 9,237.88 $257,468.00
BBQ3850 KEYWORDS STUDIOS PLC IE KWS LN 240.93 $6,604.48
BD6K457 COMPASS GROUP PLC GB CPG LN 669.67 $9,166.37
BGHQ198 HIBERNIA REIT PLC IE HBRN ID 1,470.5 $1,778.82
BHJYC05 INTERCONTINENTAL HOTELS GROUP GB IHG LN 197.45 $10,032.28
BJ2KSG2 AKZO NOBEL NL AKZA NA 177.42 $17,065.25
BK0939417 AMERICAN TANKER INC 7.75000 07/02/2025 US 5,345.99 $5,378.44
BMMV2K8 TENCENT HOLDINGS LTD CN 700 HK 5,557.05 $424,590.22
BMXKJ81 FLAGSHIP COMMUNITIES REIT UT US MHC/U CN 206.36 $3,043.74
BNGN9Z1 FINECOBANK SPA IT FBK IM 2,325.15 $31,923.92
BP9DL90 INDUSTRIA DE DISENO TEXTIL ES ITX SM 5,445.43 $134,443.56
BVYVFW2 AUTO TRADER GROUP PLC GB AUTO LN 1,373.92 $10,329.76
BYPC1T4 ASSA ABLOY AB-B SE ASSAB SS 430.17 $9,219.70
BYYHL23 ANHEUSER-BUSCH INBEV SA/NV BE ABI BB 2,523.17 $130,513.35
BZ0VW78 BINGO INDUSTRIES LTD AU BIN AU 6,475.42 $11,209.14
BZ1HM42 ADYEN NV NL ADYEN NA 4.28 $7,188.17
G0772R208 BANK OF N.T. BUTTERFIELD&SON BM NTB 466.88 $12,353.73
G1151C101 ACCENTURE PLC - CL A IE ACN 840.53 $182,319.93
G29183103 EATON CORP PLC US ETN 50.32 $5,223.09
G51502105 JOHNSON CONTROLS INTERNATIONAL US JCI 112.55 $4,750.78
G5494J103 LINDE PLC GB LIN 33.93 $7,475.97
G5960L103 MEDTRONIC INC IE MDT 2,384.24 $239,783.16
G85158106 STONECO LTD-A BR STNE 275.5 $14,474.60
G8994E103 TRANE TECHNOLOGIES IE TT 109.06 $14,477.48
G97822103 PERRIGO CO PLC IE PRGO 344.64 $15,119.28
H01301128 ALCON INC CH ALC 2,407.12 $136,820.83
H1467J104 CHUBB LTD CH CB 42.55 $5,528.20
H2906T109 GARMIN LTD CH GRMN 22.45 $2,335.58
N53745100 LYONDELLBASELL INDU-CL A US LYB 53.32 $3,649.57
ZO1818103 NAVIGATOR HOLDINGS LTD 8.00000 09/10/2025 MH 10,691.99 $10,558.01
ZO4110185 BROOGE PETROLEUM AND GAS 8.50000 09/24/2025 AE 14,255.98 $13,384.91

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

$23.92

Daily $ Change

$0.33

Daily % Change

1.38%

as of 11/24/2020

CUSIP

302027537

Inception Date

08/17/2012

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

Important Documents

Annual Report
Fact Sheet
Applications & Forms

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

Investment Objective

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

Investment Strategy

Currently: The portfolio is currently invested in 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 2055
  • 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 10/31/2020

YTD

6.40%

1 Year

12.55%

3 Year

9.66%

5 Year

10.12%

10 Year

8.82%

Inception
(01/01/2000)

7.44%

Performance through the inception date of the Retirement Target CIT Class S units is based on historical performance of the CIT's oldest unit class. Performance through the inception date of the oldest unit class (08/03/2012) is not the past performance of the Retirement Target CIT Fund and is based on historical performance data of the Manning & Napier Pro-Mix® CIT Fund(s) that would have been held according to the Retirement Target CIT Fund’s glide path. Returns are net of the Class S expenses. The Retirement Target CIT Fund will gradually become more conservative over time. Performance data quoted represents past performance and does not guarantee future results. Performance for periods greater than one year is annualized. Your investment may fluctuate in value and there is a potential for loss as well as profit.

Expense Ratio

Gross 0.93%
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 10/31/2020

TREASURY NOTES 3.02%
SERVICENOW INC 2.53%
PAYPAL HOLDINGS INC 2.37%
EXPEDIA INC 2.27%
COCA COLA CO/THE 2.27%
MICROSOFT CORP 2.24%
MICRON TECHNOLOGY INC 2.23%
MONDELEZ INTERNATIONAL INC 2.07%
AMAZON.COM INC 1.87%
CABOT OIL & GAS CORP 1.85%

This investment list is unaudited and excludes cash.

Asset Allocation

As of 10/31/2020

Stocks
91.10%
Bonds
7.51%
Cash
1.39%

Detailed Asset Class Allocation

As of 10/31/2020

International Equities
25.28%
Small Capitalization
3.06%
Mid Capitalization
12.79%
Large Capitalization
49.98%
Long Term Fixed Income
0.99%
Intermediate Term Fixed Income
5.37%
Short Term Fixed Income
1.14%
Cash
1.39%

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

October Fund Holdings

As of 10/31/2020

CUSIP Security Description Country Ticker Shares/Par Market Value (USD)
00206RDQ2 AT&T INC 4.25000 03/01/2027 US 8,553.59 $9,840.17
00287Y109 ABBVIE INC US ABBV 122.32 $10,409.12
00435F309 ACCOR SA-SPONSORED ADR FR ACCYY 30,703.1 $156,892.86
00507V109 ACTIVISION INC US ATVI 2,010.09 $152,224.36
00653VAA9 ADAPTHEALTH LLC 6.12500 08/01/2028 US 3,564 $3,702.10
00774MAG0 AERCAP IRELAND CAP / GLOBA 4.45000 10/01/2025 IE 22,096.77 $22,469.53
00791GAA5 AG MERGER SUB II INC 10.75000 08/01/2027 US 3,564 $3,572.91
008492100 AGREE REALTY CORP US ADC 151.33 $9,392.88
00912XAV6 AIR LEASE CORP 3.62500 04/01/2027 US 22,809.57 $22,766.99
01166WAA5 ALASKA AIR 2020-1 CL B 8.00000 08/15/2025 US 4,633.19 $4,880.19
013822AC5 ALCOA NEDERLAND HOLDING 6.12500 05/15/2028 NL 2,851.2 $3,060.87
015271109 ALEXANDRIA REAL EST EQUITIES US ARE 15.9 $2,408.47
01609W102 ALIBABA GROUP - ADR CN BABA 1,302.28 $396,792.85
01609WAT9 ALIBABA GROUP HOLDING 3.40000 12/06/2027 KY 28,511.96 $31,811.93
020002101 ALLSTATE CORPORATION US ALL 34.64 $3,074.48
02079K107 ALPHABET INC-CL C US GOOG 36.35 $58,928.17
02079K305 ALPHABET INC-CL A US GOOGL 191.03 $308,725.71
023135106 AMAZON.COM INC US AMZN 142.92 $433,915.03
0237400 DIAGEO PLC GB DGE LN 5,838.47 $188,687.49
024835100 AMERICAN CAMPUS COMMUNITIES US ACC 233.51 $8,747.40
02665T306 AMERICAN HOMES 4 RENT- A US AMH 383.49 $10,841.15
03027X100 AMERICAN TOWER REIT INC US AMT 1,161.15 $266,658.00
03027XAW0 AMERICAN TOWER CORP 3.80000 08/15/2029 US 28,511.96 $32,444.69
03064D108 AMERICOLD REALTY TRUST US COLD 326.82 $11,840.63
032654105 ANALOG DEVICES INC US ADI 31.65 $3,751.27
03690AAD8 ANTERO MIDSTREAM PART / FI 5.75000 03/01/2027 US 3,564 $3,207.60
03690AAF3 ANTERO MIDSTREAM PART/FI 5.75000 01/15/2028 US 2,138.4 $1,903.17
03748R754 APARTMENT INVT & MGMT CO -A US AIV 146.12 $4,661.35
03784Y200 APPLE HOSPITALITY REIT INC US APLE 752 $7,444.83
039483102 ARCHER-DANIELS-MIDLAND CO US ADM 72.56 $3,355.31
053015103 AUTOMATIC DATA PROCESSING US ADP 31.01 $4,897.83
053332102 AUTOZONE INC US AZO 172.85 $195,148.44
053484101 AVALONBAY COMMUNITIES INC US AVB 48.47 $6,743.68
05401AAJ0 AVOLON HOLDINGS FNDG LTD 3.25000 02/15/2027 KY 12,830.38 $11,711.45
055622104 BP PLC-SPONS ADR GB BP 287.97 $4,457.79
05722G100 BAKER HUGHES CO US BKR 160.66 $2,373.02
060505104 BANK OF AMERICA CORP US BAC 533.32 $12,639.59
06051GFM6 BANK OF AMERICA CORP 4.00000 01/22/2025 US 13,543.18 $15,057.56
071734AH0 BAUSCH HEALTH COS INC 5.00000 01/30/2028 CA 3,564 $3,522.58
084423102 WR BERKLEY CORP US WRB 2,859.75 $171,928.15
084670702 BERKSHIRE HATHAWAY INC-CL B US BRK/B 570.95 $115,275.21
086516101 BEST BUY INC US BBY 38.71 $4,317.54
09061G101 BIOMARIN PHARMACEUTICAL INC US BMRN 2,194.71 $163,352.13
09247X101 BLACKROCK INC US BLK 506.44 $303,466.13
101137107 BOSTON SCIENTIFIC CORP US BSX 2,824.47 $96,794.45
105368203 BRANDYWINE REALTY TRUST US BDN 462.96 $4,055.56
110122108 BRISTOL MYERS SQUIBB CO US BMY 165.37 $9,665.84
116ESCAD6 BRUIN E&P PARTNERS LLC 0.00000 08/01/2023 US 11,048.38 $11.05
12503M108 CBOE GLOBAL MARKETS INC US CBOE 1,255.6 $102,067.36
12514G108 CDW CORP/DE US CDW 2,005.1 $245,825.70
12541W209 C.H. ROBINSON WORLDWIDE INC US CHRW 25.3 $2,237.66
12572Q105 CME GROUP INC US CME 661.48 $99,697.89
12654TAA8 CNX MIDSTREAM PTR/CNX 6.50000 03/15/2026 US 2,494.8 $2,534.96
127097103 CABOT OIL & GAS CORP US COG 24,089.76 $428,556.75
133131102 CAMDEN PROPERTY TRUST US CPT 88.03 $8,119.95
13321L108 CAMECO CORP CA CCJ 12,715.41 $120,923.53
14174T107 CARETRUST REIT INC US CTRE 175.35 $2,998.46
149123101 CATERPILLAR INC US CAT 54.17 $8,507.83
16119P108 CHARTER COMMUNICATIONS INC-A US CHTR 569.88 $344,106.64
166764100 CHEVRON CORP US CVX 596.26 $41,439.82
172062101 CINCINNATI FINANCIAL CORP US CINF 19.53 $1,381.60
17275R102 CISCO SYSTEMS INC US CSCO 301.37 $10,819.23
172967424 CITIGROUP INC US C 159.1 $6,589.79
172967KA8 CITIGROUP INCA 4.45000 09/29/2027 US 18,532.77 $21,382.82
180848P56 CLARK CNTY NV 1.51000 11/01/2028 US 24,947.97 $24,706.22
191216100 COCA COLA CO/THE US KO 10,942.89 $525,915.31
194162103 COLGATE-PALMOLIVE CO US CL 85.68 $6,759.17
20030N101 COMCAST CORP-CL A US CMCSA 221.32 $9,348.73
20030NCY5 COMCAST CORP 3.25000 11/01/2039 US 24,235.17 $26,944.68
20369C106 COMMUNITY HEALTHCARE TRUST I US CHCT 117.97 $5,461.93
20449X401 COMPASS GROUP PLC ADR GB CMPGY 11,595.81 $160,022.24
205887102 CONAGRA BRAND INC. US CAG 76.41 $2,681.30
20605P101 CONCHO RESOURCES INC US CXO 3,730.43 $154,850.30
20825C104 CONOCOPHILLIPS US COP 2,714.84 $77,698.65
21036P108 CONSTELLATION BRANDS INC-A US STZ 652.92 $107,882.62
217204106 COPART INC US CPRT 1,023.22 $112,922.89
222795502 COUSINS PROPERTIES INC US CUZ 391.61 $9,978.27
22822V101 CROWN CASTLE INTL CORP US CCI 82.68 $12,915.35
22822VAN1 CROWN CASTLE INTL CORP 3.10000 11/15/2029 US 29,937.56 $32,170.31
229663109 CUBESMART US CUBE 179.63 $6,094.69
231021106 CUMMINS INC US CMI 21.53 $4,733.47
253868103 DIGITAL REALTY TRUST INC US DLR 133.29 $19,234.24
254687106 WALT DISNEY CO/THE US DIS 1,316.54 $159,630.45
256677105 DOLLAR GENERAL CORP US DG 1,128.36 $235,500.19
256746108 DOLLAR TREE STORES INC US DLTR 3,328.42 $300,622.44
25746UDG1 DOMINION ENERGY 3.37500 04/01/2030 US 14,255.98 $16,083.34
25787GAC4 DONNELLEY FINANCIAL SOL 8.25000 10/15/2024 US 2,494.8 $2,613.30
25960P109 DOUGLAS EMMETT INC US DEI 248.05 $5,854.08
260003108 DOVER CORP US DOV 17.89 $1,980.74
26439XAC7 DCP MIDSTREAM OPERATING 8.12500 08/16/2030 US 2,851.2 $3,250.36
264411505 DUKE RLTY INVTS INC US DRE 221.82 $8,427.06
26875P101 EOG RESOURCES INC US EOG 4,524.21 $154,908.83
26884L109 EQT CORP US EQT 11,983.93 $181,436.75
26884LAG4 EQT CORP 8.75000 02/01/2030 US 2,138.4 $2,656.96
2715777 QUEBECOR INC -CL B CA QBR/B CN 1,063.5 $24,673.62
27579R104 EAST WEST BANCORP INC US EWBC 4,599.69 $167,796.77
285512109 ELECTRONIC ARTS US EA 2,099.19 $251,546.31
291011104 EMERSON ELEC CO US EMR 78.19 $5,066.19
29273RAR0 ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 US 25,660.76 $27,369.21
29444U700 EQUINIX INC US EQIX 275.57 $201,506.42
29472R108 EQUITY LIFESTYLE PROPERTIES US ELS 160.74 $9,513.97
29476L107 EQUITY RESIDENTIAL US EQR 64.51 $3,030.60
297178105 ESSEX PROPERTY TRUST INC US ESS 12.62 $2,581.22
30212P303 EXPEDIA INC US EXPE 5,589.77 $526,276.83
30212PAS4 EXPEDIA GROUP INC 6.25000 05/01/2025 US 9,979.19 $10,973.79
30225T102 EXTRA SPACE STORAGE INC US EXR 31.72 $3,677.88
30231G102 EXXON MOBIL CORP US XOM 2,551.11 $83,217.13
302491303 FMC CORP US FMC 1,049.24 $107,798.93
30264DAA7 FS ENERGY & POWER FUND 7.50000 08/15/2023 US 3,564 $3,180.87
30303M102 FACEBOOK INC -A US FB 870.33 $228,991.89
311900104 FASTENAL CO US FAST 80.69 $3,488.18
3135G05Y5 FANNIE MAE 0.75000 10/08/2027 US 193,881.33 $192,674.62
316773100 FIFTH THIRD BANCORP US FITB 110.27 $2,560.47
32054K103 FIRST INDUSTRIAL REALTY TR US FR 202.43 $8,058.93
33834YAA6 FIVE POINT OP CO LP/FIVE 7.87500 11/15/2025 US 3,564 $3,564.00
345370CW8 FORD MOTOR COMPANY 9.00000 04/22/2025 US 3,564 $4,199.79
345397XU2 FORD MOTOR CREDIT CO LLC 4.38900 01/08/2026 US 1,782 $1,795.36
346232AE1 FORESTAR GROUP INC 5.00000 03/01/2028 US 2,138.4 $2,122.83
34960PAB7 FORTRESS TRANS & INFRAST 6.50000 10/01/2025 US 2,494.8 $2,457.90
34960PAC5 FORTRESS TRANS & INFRAST 9.75000 08/01/2027 US 2,138.4 $2,274.72
35166FAA0 FOXTROT ESCROW ISSUER 12.25000 11/15/2026 US 2,494.8 $2,607.06
36166LAA5 GEMS MENASA KY LTD/GEMS 7.12500 07/31/2026 AE 1,782 $1,764.18
369550108 GENERAL DYNAMICS CORP US GD 29.51 $3,875.53
369604BQ5 GENERAL ELECTRIC CO 5.00000 01/21/2021 US 17,819.98 $14,434.18
370334104 GENERAL MLS INC US GIS 73.28 $4,332.06
372460105 GENUINE PARTS CO US GPC 27.02 $2,442.97
37255LAA5 GENWORTH MORTGAGE HLDING 6.50000 08/15/2025 US 3,564 $3,715.46
374297109 GETTY REALTY CORP US GTY 205.64 $5,404.29
375558103 GILEAD SCIENCES INC US GILD 109.41 $6,362.46
384802104 WW GRAINGER INC US GWW 6.27 $2,195.55
388689101 GRAPHIC PACKAGING HOLDING CO US GPK 12,071.61 $160,431.67
400501102 GRUPO AEROPORTUARIO CEN-ADR MX OMAB 1,568.87 $56,761.74
400506101 GRUPO AEROPORTUARIO PAC-ADR MX PAC 708.17 $58,905.23
40051E202 GRUPO AEROPORTUARIO DEL SURESTE MX ASR 539.59 $62,241.57
4012250 AIRBUS SE FR AIR FP 110.48 $8,083.64
4031976 ADIDAS AG DE ADS GR 614.79 $182,656.37
404119BX6 HCA INC 4.12500 06/15/2029 US 14,255.98 $16,177.91
416515104 HARTFORD FINL SVCS US HIG 53.53 $2,062.02
418751AD5 HAT HOLDINGS I LLC/HAT 3.75000 09/15/2030 US 2,494.8 $2,491.68
421946104 HEALTHCARE REALTY TRUST INC US HR 182.12 $5,062.94
42225P501 HEALTHCARE TRUST OF AMERICA US HTA 278.35 $6,763.86
42250P103 HEALTHPEAK PROPERTIES INC US PEAK 463.68 $12,505.34
423012301 HEINEKEN NV-SPN ADR NL HEINY 3,708.34 $165,243.49
427866108 HERSHEY CO/THE US HSY 26.73 $3,674.30
431571AB4 HILLENBRAND INC 5.00000 09/15/2026 US 2,138.4 $2,322.83
43300A203 HILTON WORLDWIDE HOLDINGS INC US HLT 2,179.38 $191,371.62
437076102 HOME DEPOT INC US HD 71.35 $19,030.07
438516106 HONEYWELL INTERNATIONAL INC US HON 61.44 $10,135.07
440452100 HORMEL FOODS CORP US HRL 51.68 $2,516.20
443201AA6 HOWMET AEROSPACE INC 6.87500 05/01/2025 US 3,207.6 $3,568.45
443628AH5 HUDBAY MINERALS INC 6.12500 04/01/2029 CA 3,564 $3,644.18
444454AD4 HUGHES SATELLITE SYSTEMS 5.25000 08/01/2026 US 2,138.4 $2,291.88
450913AF5 IAMGOLD CORP 5.75000 10/15/2028 CA 3,564 $3,566.85
452308109 ILLINOIS TOOL WKS INC US ITW 34.29 $6,715.87
45337C102 INCYTE CORP US INCY 986.16 $85,440.68
45569LAA9 INDIGO NATURAL RES LLC 6.87500 02/15/2026 US 2,494.8 $2,451.14
45682RAA8 INFRABUILD AUSTRALIA PTY 12.00000 10/01/2024 AU 3,564 $3,528.36
45778Q107 INSPERITY INC US NSP 2,270.98 $173,911.47
458140100 INTEL CORP US INTC 265.23 $11,744.50
45857P806 INTERCONTINENTAL HOTELS-ADR GB IHG 3,313.45 $169,449.64
45866F104 INTERCONTINENTALEXCHANGE INC US ICE 2,190.08 $206,743.08
459200101 INTERNATIONAL BUSINESS MACH CORP US IBM 74.99 $8,372.99
459506101 INTERNATIONAL FLVRS & FRAGRANCES US IFF 13.4 $1,375.71
46116VAE5 INTL FC STORE INC 8.62500 06/15/2025 US 4,276.79 $4,512.02
46120E602 INTUITIVE SURGICAL INC US ISRG 123.67 $82,498.20
46187W107 INVITATION HOMES INC US INVH 612.08 $16,685.31
46284VAN1 IRON MOUNTAIN INC 4.50000 02/15/2031 US 2,494.8 $2,483.74
46625H100 JP MORGAN CHASE & CO US JPM 174.35 $17,093.34
478160104 JOHNSON & JOHNSON US JNJ 2,964.46 $406,457.09
47987LAA9 JONAH NRG LLC/FINANCE 7.25000 10/15/2025 US 11,761.18 $382.24
48088LAB3 JOSEPH T RYERSON & SON 8.50000 08/01/2028 US 2,138.4 $2,291.40
482480100 KLA-TENCOR CORPORATION US KLAC 19.53 $3,851.06
487526AB1 KEHE DISTRIBUTORS LLC/FI 8.62500 10/15/2026 US 3,564 $3,831.29
49427F108 KILROY REALTY CORP US KRC 190.6 $8,973.56
494368103 KIMBERLY CLARK CORP US KMB 36.5 $4,838.91
494550AW6 KINDER MORGAN ENER PART 6.95000 01/15/2038 US 20,671.17 $26,630.91
501044101 KROGER CO US KR 105.57 $3,400.27
505742AG1 LADDER CAP FIN LLLP/CORP 5.25000 10/01/2025 US 3,207.6 $2,926.93
5107401 BEIERSDORF AG DE BEI GR 141.85 $14,852.66
512816109 LAMAR ADVERTISING CO-A US LAMR 67.72 $4,195.68
53223X107 LIFE STORAGE INC US LSI 64.51 $7,363.62
532457108 ELI LILLY & CO US LLY 54.17 $7,067.37
539830109 LOCKHEED MARTIN CORP US LMT 24.31 $8,510.42
541056AA5 LOGAN MERGER SUB INC 5.50000 09/01/2027 US 2,138.4 $2,167.80
54238XAC2 LONESTAR RESOURCES AMERICA 11.25000 01/01/2023 US 3,564 $472.23
550021109 LULULEMON - ADR CA LULU 733.26 $234,121.42
552697AQ7 MDC PARTNERS INC 6.50000 05/01/2024 CA 1,069.2 $1,023.03
552848AG8 MGIC INVESTMENT CORP 5.25000 08/15/2028 US 3,564 $3,662.00
56585A102 MARATHON PETROLEUM CORP US MPC 103.78 $3,061.61
573284106 MARTIN MARIETTA MATERIALS US MLM 500.03 $133,182.59
57636Q104 MASTERCARD INC-CLASS A US MA 1,458.74 $421,051.63
577128AA9 MATTHEWS INTERNATIONAL C 5.25000 12/01/2025 US 2,494.8 $2,370.06
5852842 ACCOR SA FR AC FP 377.43 $9,619.81
58933Y105 MERCK & CO INC US MRK 182.12 $13,697.26
594918104 MICROSOFT CORP US MSFT 2,564.29 $519,192.70
595112103 MICRON TECHNOLOGY INC US MU 10,294.6 $518,230.15
59522J103 MID-AMERICA APARTMENT COMM US MAA 125.1 $14,589.97
609207105 MONDELEZ INTERNATIONAL INC US MDLZ 9,023.18 $479,311.33
615369105 MOODY'S CORPORATION US MCO 829.7 $218,127.62
61965RAA3 MOSS CREEK RESOURCES HLD 7.50000 01/15/2026 US 3,564 $1,773.09
6253983 ARISTOCRAT LEISURE LTD AU ALL AU 249.12 $5,016.52
62913TAJ1 NGL ENRGY PART LP/FIN CO 7.50000 11/01/2023 US 2,138.4 $1,153.86
6321954 TRAVELSKY TECHNOLOGY LTD-H CN 696 HK 7,484.39 $15,777.03
63938CAH1 NAVIENT CORP 6.75000 06/25/2025 US 3,207.6 $3,255.71
63938NAF1 NAVIOS SA LOGIST/FIN US 10.75000 07/01/2025 MUL 2,494.8 $2,632.01
64110D104 NETAPP INC US NTAP 35.28 $1,548.60
644393AA8 NEW FORTRESS ENERGY INC 6.75000 09/15/2025 US 4,633.19 $4,777.61
64971XPG7 NEW YORK CITY NY TRANSITIONALFIN 1.58000 05/01/2024 US 6,771.59 $6,941.56
654106103 NIKE INC CLASS B US NKE 1,781.64 $213,939.47
655844108 NORFOLK SOUTHN CORP US NSC 21.67 $4,531.44
6642321 NIKON CORP JP 7731 JP 11,533.09 $70,286.81
66727WAA0 NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 CA 10,335.59 $103.36
66987V109 NOVARTIS AG- REG CH NVS 2,864.38 $223,651.01
670346105 NUCOR CORP US NUE 56.74 $2,709.85
6742340 SHANDONG WEIGAO CN 1066 HK 9,979.19 $19,353.52
674599EA9 OCCIDENTAL PETROLEUM COR 8.87500 07/15/2030 US 3,207.6 $3,139.43
675232AB8 OCEANEERING INTL INC 6.00000 02/01/2028 US 3,564 $2,637.36
6821506 SONY CORP FIRST SECTION JP 6758 JP 135.43 $11,290.47
68389X105 ORACLE CORP US ORCL 159.6 $8,954.91
68555PAA8 ORBCOMM INC 8.00000 04/01/2024 US 3,564 $3,617.45
691205AC2 OWL ROCK TECHNOLOGY FINA 4.75000 12/15/2025 US 3,207.6 $3,177.71
69145LAA2 OXFORD FIN LLC/CO-ISS II 6.37500 12/15/2022 US 2,494.8 $2,474.84
69306RAA4 P&L DEV LLC/PLD 7.75000 11/15/2025 US 2,494.8 $2,541.57
69327RAJ0 PDC ENERGY INC 5.75000 05/15/2026 US 2,138.4 $2,015.44
693475105 PNC FINANCIAL SERVICES GROUP US PNC 35.21 $3,939.55
693506107 PPG INDUSTRIES INC US PPG 24.59 $3,190.02
69354NAC0 PRA GROUP INC 7.37500 09/01/2025 US 3,564 $3,738.63
69356MAA4 PM GENERAL PURCHASER LLC 9.50000 10/01/2028 US 3,564 $3,724.37
701094104 PARKER HANNIFIN CORP US PH 14.9 $3,104.04
7021963 DEUTSCHE BOERSE AG DE DB1 GR 1,394.95 $205,549.81
70450Y103 PAYPAL HOLDINGS INC US PYPL 2,947.07 $548,537.68
7123870 NESTLE SA-REGISTERED CH NESN SW 3,503.76 $394,096.09
713448108 PEPSICO INC US PEP 1,240.98 $165,410.63
717081103 PFIZER INC US PFE 413.14 $14,658.15
71943U104 PHYSICIANS REALTY TRUST US DOC 200.65 $3,383.01
723787107 PIONEER NATURAL RESOURCES CO US PXD 1,892.48 $150,565.82
741503AZ9 BOOKING HOLDINGS INC 3.60000 06/01/2026 US 29,224.76 $32,424.13
74165HAB4 PRIME HEALTHCARE SERVICE 7.25000 11/01/2025 US 3,564 $3,591.79
74166MAE6 PRIME SECSRVC BRW/FINANC 6.25000 01/15/2028 US 2,138.4 $2,160.81
74340W103 PROLOGIS US PLD 405.73 $40,247.94
74460D109 PUBLIC STORAGE INC US PSA 55.24 $12,654.27
747525103 QUALCOMM INC US QCOM 72.21 $8,907.40
74834L100 QUEST DIAGNOSTICS INC US DGX 21.38 $2,611.84
750236AW1 RADIAN GROUP INC 4.87500 03/15/2027 US 4,633.19 $4,737.44
75513E101 RAYTHEON TECHNOLOGIES CORP US RTX 123.74 $6,721.66
756109104 REALTY INCOME CORP US O 71.28 $4,124.26
7591EP100 REGIONS FINANCIAL CORP. US RF 160.17 $2,130.21
76131D103 RESTAURANT BRANDS INTERN CA QSR 329.31 $17,124.28
76169C100 REXFORD INDUSTRIAL REALITY IN US REXR 188.89 $8,775.91
7698356 GETINGE AB-B SHS SE GETIB SS 1,121.95 $21,967.67
773903109 ROCKWELL AUTOMATION INC US ROK 14.61 $3,464.89
7792559 HEINEKEN NV NL HEIA NA 172.85 $15,300.55
780259107 ROYAL DUTCH SHELL PLC-ADR B NL RDS/B 2,424.94 $58,562.36
783513203 RYANAIR HOLDINGS - ADR IE RYAAY 2,914.99 $234,948.32
78409V104 S&P GLOBAL INC US SPGI 603.03 $194,615.22
78410G104 SBA COMMUNICATIONS CORP US SBAC 835.4 $242,575.23
78442PGC4 SLM CORP 5.12500 04/05/2022 US 5,345.99 $5,493.01
78442PGD2 SLM CORP 4.20000 10/29/2025 US 4,633.19 $4,691.11
785592AV8 SABINE PASS LIQUEFACTION 5.87500 06/30/2026 US 27,086.36 $31,826.35
79466L302 SALESFORCE.COM US CRM 684.64 $159,022.13
806857108 SCHLUMBERGER LTD NL SLB 4,876.69 $72,857.68
81141R100 SEA LTD - ADR SG SE 1,193.94 $188,284.08
81181C104 SEAGEN INC US SGEN 638.67 $106,529.81
81762P102 SERVICENOW INC US NOW 1,179.68 $586,974.55
83088M102 SKYWORKS SOLUTIONS INC US SWKS 18.18 $2,568.14
832696405 JM SMUCKER CO/THE-NEW COM WI US SJM 19.32 $2,167.35
85172FAN9 SPRINGLEAF FINANCE CORP 7.12500 03/15/2026 US 2,494.8 $2,766.38
85254J102 STAG INDUSTRIAL INC US STAG 146.48 $4,558.46
854502101 STANLEY WORKS/THE US SWK 16.82 $2,795.83
85571BAL9 STARWOOD PROPERTY TRUST 4.75000 03/15/2025 US 3,564 $3,457.08
857949BL0 SS INT BEARING FD .022% 01/02/15 US 327,556.44 $327,556.44
861036AA9 STL HOLDING CO LLC 7.50000 02/15/2026 US 4,989.59 $4,958.41
866674104 SUN COMMUNITIES US SUI 109.77 $15,107.79
87105L104 SWITCH INC - A US SWCH 655.49 $9,216.19
871829107 SYSCO CORP US SYY 3,863.3 $213,679.09
872540109 TJX COMPANIES INC US TJX 2,027.56 $102,999.89
872540AU3 TJX COS INC 4.50000 04/15/2050 US 12,117.58 $16,050.91
87422VAJ7 TALEN ENERGY SUPPLY LLC 7.62500 06/01/2028 US 3,207.6 $3,139.43
87854WAA1 TECHNIPLAS LLC 10.00000 05/01/2020 US 1,425.6 $52.89
87901JAF2 TEGNA INC 4.75000 03/15/2026 US 2,138.4 $2,197.20
88032WAN6 TENCENT HOLDINGS 3.97500 04/11/2029 KY 27,799.16 $31,306.70
88146M101 TERRENO REALTY CORP US TRNO 123.67 $6,960.18
882508104 TEXAS INSTRUMENTS INC US TXN 75.77 $10,955.66
883556102 THERMO FISHER SCIENTIFIC INC US TMO 357.47 $169,125.59
88579Y101 3M CO US MMM 53.96 $8,631.26
89151E109 TOTAL S A SPONSORED ADR FR TOT 3,173.38 $96,248.65
892231AA9 TOWNSQUARE MEDIA INC 6.50000 04/01/2023 US 3,207.6 $2,983.06
89417E109 TRAVELLERS COS INC US TRV 29.72 $3,587.95
89832Q109 TRUIST FINANCIAL CORP US TFC 154.53 $6,509.01
901109AF5 TUTOR PERINI CORP 6.87500 05/01/2025 US 6,058.79 $5,771.00
902494103 TYSON FOODS INC -CL A US TSN 47.12 $2,696.45
902653104 UDR INC US UDR 134.51 $4,201.94
902973304 U.S. BANCORP US USB 162.09 $6,313.42
904767704 UNILEVER PLC - ADR GB UL 5,071.49 $288,212.99
907818108 UNION PAC CORP US UNP 57.67 $10,217.74
909214BV9 UNISYS CORP 6.87500 11/01/2027 US 2,494.8 $2,582.11
912810RX8 US TREASURY N/B 3.00000 05/15/2047 US 76,982.29 $101,132.48
9128282A7 UNITED STATES TREAS NTS 1.50000 08/15/2026 US 438,941.63 $464,129.34
9128284P2 US TREASURY N/B 2.62500 05/15/2021 US 234,154.48 $237,300.93
91324P102 UNITEDHEALTH GROUP INC US UNH 703.53 $214,675.95
918204108 VF CORP US VFC 52.96 $3,558.98
91913Y100 VALERO ENERGY US VLO 58.09 $2,242.98
92343VDU5 VERIZON COMMUNICATIONS 5.25000 03/16/2037 US 24,235.17 $33,047.00
92511U102 VERRA MOBILITY CORP US VRRM 11,267.64 $108,282.04
92532F100 VERTEX PHARMACEUTICALS INC US VRTX 807.6 $168,271.80
92826C839 VISA INC - CLASS A SHARES US V 1,839.38 $334,233.35
929160109 VULCAN MATERIALS CO US VMC 1,313.69 $190,274.65
931142103 WAL MART STORES US WMT 140.35 $19,473.58
94106L109 WASTE MANAGEMENT INC US WM 48.4 $5,222.74
949746101 WELLS FARGO COMPANY US WFC 340.01 $7,293.11
95040Q104 WELLTOWER INC. US WELL 138.92 $7,469.97
955306105 WEST PHARMACEUTICAL SERVICES US WST 315.06 $85,717.60
962178AN9 TRI POINTE GROUP / HOMES 5.87500 06/15/2024 US 2,138.4 $2,313.48
96949LAD7 WILLIAMS PARTNERS LP 3.75000 06/15/2027 US 19,958.37 $21,760.38
98311A105 WYNDHAM HOTELS & RESORTS INC US WH 170.93 $7,949.92
B02J639 ADMIRAL GROUP PLC GB ADM LN 986.51 $35,143.56
B1KFX13 GRUPO AEROPORTUARIO DEL CENT MX OMAB MM 1,297.29 $5,859.12
B1Y47Y7 GERRESHEIMER AG DE GXI GR 185.68 $18,665.73
B1Y9TB3 DANONE FR BN FP 340.22 $18,870.26
B3QJ0H8 TOURMALINE OIL CORP CA TOU CN 2,182.95 $28,280.17
B4YVF56 BRENNTAG AG DE BNR GR 3,035.81 $194,037.52
B63QM77 NEXON CO LTD JP 3659 JP 9,237.88 $257,468.00
BBQ3850 KEYWORDS STUDIOS PLC IE KWS LN 240.93 $6,604.48
BD6K457 COMPASS GROUP PLC GB CPG LN 669.67 $9,166.37
BGHQ198 HIBERNIA REIT PLC IE HBRN ID 1,470.5 $1,778.82
BHJYC05 INTERCONTINENTAL HOTELS GROUP GB IHG LN 197.45 $10,032.28
BJ2KSG2 AKZO NOBEL NL AKZA NA 177.42 $17,065.25
BK0939417 AMERICAN TANKER INC 7.75000 07/02/2025 US 5,345.99 $5,378.44
BMMV2K8 TENCENT HOLDINGS LTD CN 700 HK 5,557.05 $424,590.22
BMXKJ81 FLAGSHIP COMMUNITIES REIT UT US MHC/U CN 206.36 $3,043.74
BNGN9Z1 FINECOBANK SPA IT FBK IM 2,325.15 $31,923.92
BP9DL90 INDUSTRIA DE DISENO TEXTIL ES ITX SM 5,445.43 $134,443.56
BVYVFW2 AUTO TRADER GROUP PLC GB AUTO LN 1,373.92 $10,329.76
BYPC1T4 ASSA ABLOY AB-B SE ASSAB SS 430.17 $9,219.70
BYYHL23 ANHEUSER-BUSCH INBEV SA/NV BE ABI BB 2,523.17 $130,513.35
BZ0VW78 BINGO INDUSTRIES LTD AU BIN AU 6,475.42 $11,209.14
BZ1HM42 ADYEN NV NL ADYEN NA 4.28 $7,188.17
G0772R208 BANK OF N.T. BUTTERFIELD&SON BM NTB 466.88 $12,353.73
G1151C101 ACCENTURE PLC - CL A IE ACN 840.53 $182,319.93
G29183103 EATON CORP PLC US ETN 50.32 $5,223.09
G51502105 JOHNSON CONTROLS INTERNATIONAL US JCI 112.55 $4,750.78
G5494J103 LINDE PLC GB LIN 33.93 $7,475.97
G5960L103 MEDTRONIC INC IE MDT 2,384.24 $239,783.16
G85158106 STONECO LTD-A BR STNE 275.5 $14,474.60
G8994E103 TRANE TECHNOLOGIES IE TT 109.06 $14,477.48
G97822103 PERRIGO CO PLC IE PRGO 344.64 $15,119.28
H01301128 ALCON INC CH ALC 2,407.12 $136,820.83
H1467J104 CHUBB LTD CH CB 42.55 $5,528.20
H2906T109 GARMIN LTD CH GRMN 22.45 $2,335.58
N53745100 LYONDELLBASELL INDU-CL A US LYB 53.32 $3,649.57
ZO1818103 NAVIGATOR HOLDINGS LTD 8.00000 09/10/2025 MH 10,691.99 $10,558.01
ZO4110185 BROOGE PETROLEUM AND GAS 8.50000 09/24/2025 AE 14,255.98 $13,384.91

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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