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

$15.23

Daily $ Change

-$0.10

Daily % Change

-0.66%

as of 07/09/2020

CUSIP

56382R787

Inception Date

05/14/2015

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

Important Documents

Annual Report
Applications & Forms

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

Performance

As of 06/30/2020

YTD

1.77%

1 Year

10.44%

3 Year

10.60%

5 Year

8.87%

10 Year

10.50%

Inception
(01/01/2000)

7.84%

US Stock Market Cycle (04/01/2000 - 06/30/2020)

7.99%

Performance through the inception date of the Retirement Target CIT Class U1 units is based on the historical performance of the CIT’s oldest unit class. Performance through the inception date of the oldest unit class (08/17/2012) is not the past performance of the Retirement Target CIT Fund and is based on historical performance data of the Manning & Napier Pro-Mix® CIT Fund(s) that would have been held according to the Retirement Target CIT Fund’s glide path. Returns are net of the Class U1 expenses. The Retirement Target CIT Fund will gradually become more conservative over time. Performance data quoted represents past performance and does not guarantee future results. Performance for periods greater than one year is annualized. Your investment may fluctuate in value and there is a potential for loss as well as profit.

Expense Ratio

Gross 0.54%
Net 0.49%*

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

Top Ten Investments

As of 06/30/2020

TREASURY NOTES 6.25%
MICROSOFT CORP 2.32%
PAYPAL HOLDINGS INC 2.28%
COCA COLA CO/THE 2.17%
MICRON TECHNOLOGY INC 2.17%
MONDELEZ INTERNATIONAL INC 2.05%
SERVICENOW INC 1.97%
AMAZON.COM INC 1.95%
EXPEDIA INC 1.89%
JOHNSON & JOHNSON 1.84%

This investment list is unaudited and excludes cash.

Asset Allocation

As of 06/30/2020

Stocks 88.56%
Bonds 10.71%
Cash 0.73%

Detailed Asset Class Allocation

As of 06/30/2020

International Equities 23.31%
Small Capitalization 2.02%
Mid Capitalization 3.42%
Large Capitalization 59.80%
Long Term Fixed Income 1.41%
Intermediate Term Fixed Income 9.19%
Short Term Fixed Income 0.12%
Cash 0.73%

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 06/30/2020

CUSIP Security Description Country Ticker Shares/Par Market Value (USD)
00206RDQ2 AT&T INC 4.25000 03/01/2027 US 8,086.61 $9,211.80
00287Y109 ABBVIE INC US ABBV 104.52 $10,261.72
00507V109 ACTIVISION INC US ATVI 2,663.53 $202,161.75
00774MAG0 AERCAP IRELAND CAP / GLOBA 4.45000 10/01/2025 IE 20,890.41 $20,071.37
00791GAA5 AG MERGER SUB II INC 10.75000 08/01/2027 US 1,347.77 $1,320.81
008492100 AGREE REALTY CORP US ADC 45.35 $2,980.11
00912XAV6 AIR LEASE CORP 3.62500 04/01/2027 US 21,564.3 $21,150.24
01166WAA5 ALASKA AIR 2020-1 CL B 8.00000 08/15/2025 US 2,021.65 $2,046.92
013822AC5 ALCOA NEDERLAND HOLDING 6.12500 05/15/2028 NL 2,695.54 $2,761.25
015271109 ALEXANDRIA REAL EST EQUITIES US ARE 16.17 $2,624.11
01609W102 ALIBABA GROUP - ADR CN BABA 1,505.46 $324,727.19
01609WAT9 ALIBABA GROUP HOLDING 3.40000 12/06/2027 KY 26,955.37 $29,946.26
020002101 ALLSTATE CORPORATION US ALL 28.24 $2,738.59
02079K107 ALPHABET INC-CL C US GOOG 34.37 $48,583.09
02079K305 ALPHABET INC-CL A US GOOGL 168.47 $238,900.41
023135106 AMAZON.COM INC US AMZN 150.28 $414,584.98
02319V103 AMBEV SA-ADR BR ABEV 51,445 $135,814.80
0237400 DIAGEO PLC GB DGE LN 4,417.24 $146,817.02
02406PBA7 AMERICAN AXLE & MFG INC 6.87500 07/01/2028 US 2,021.65 $2,001.44
024835100 AMERICAN CAMPUS COMMUNITIES US ACC 121.03 $4,231.20
02665T306 AMERICAN HOMES 4 RENT- A US AMH 178.92 $4,812.85
03027X100 AMERICAN TOWER REIT INC US AMT 988.93 $255,676.72
03027XAW0 AMERICAN TOWER CORP 3.80000 08/15/2029 US 35,715.87 $40,422.32
03064D108 AMERICOLD REALTY TRUST US COLD 147.58 $5,357.18
032654105 ANALOG DEVICES INC US ADI 26.48 $3,247.96
03690AAD8 ANTERO MIDSTREAM PART / FI 5.75000 03/01/2027 US 3,369.42 $2,661.84
03690AAF3 ANTERO MIDSTREAM PART/FI 5.75000 01/15/2028 US 3,032.48 $2,395.66
03748R754 APARTMENT INVT & MGMT CO -A US AIV 88.95 $3,348.18
039483102 ARCHER-DANIELS-MIDLAND CO US ADM 57.28 $2,285.48
053015103 AUTOMATIC DATA PROCESSING US ADP 25.34 $3,772.58
053332102 AUTOZONE INC US AZO 163.42 $184,353.92
053484101 AVALONBAY COMMUNITIES INC US AVB 39.76 $6,148.36
05401AAJ0 AVOLON HOLDINGS FNDG LTD 3.25000 02/15/2027 KY 24,259.83 $19,595.30
055622104 BP PLC-SPONS ADR GB BP 172.85 $4,030.89
05722G100 BAKER HUGHES CO US BKR 118.74 $1,827.38
060505104 BANK OF AMERICA CORP US BAC 420.3 $9,982.16
06051GFM6 BANK OF AMERICA CORP 4.00000 01/22/2025 US 12,803.8 $14,139.94
084670702 BERKSHIRE HATHAWAY INC-CL B US BRK/B 1,539.83 $274,874.27
086516101 BEST BUY INC US BBY 31.87 $2,781.71
09061G101 BIOMARIN PHARMACEUTICAL INC US BMRN 1,964.37 $242,285.73
09247X101 BLACKROCK INC US BLK 448.13 $243,824.72
0946580 WEIR GROUP PLC/THE GB WEIR LN 946.13 $12,433.35
09857L108 BOOKING HOLDINGS INC US BKNG 130.4 $207,635.74
101121101 BOSTON PROPERTIES INC US BXP 13.68 $1,236.38
101137107 BOSTON SCIENTIFIC CORP US BSX 2,670.27 $93,753.06
105368203 BRANDYWINE REALTY TRUST US BDN 224.07 $2,440.08
110122108 BRISTOL MYERS SQUIBB CO US BMY 144.14 $8,475.66
11680JAA0 BRUIN E&P PARTNERS LLC 8.87500 08/01/2023 US 10,445.21 $208.90
12503M108 CBOE GLOBAL MARKETS INC US CBOE 1,505.12 $140,397.65
12541W209 C.H. ROBINSON WORLDWIDE INC US CHRW 21.43 $1,694.22
12572Q105 CME GROUP INC US CME 750.71 $122,019.93
12653CAC2 CNX RESOURCES CORP 7.25000 03/14/2027 US 1,010.83 $929.96
12654TAA8 CNX MIDSTREAM PTR/CNX 6.50000 03/15/2026 US 1,010.83 $929.96
127097103 CABOT OIL & GAS CORP US COG 22,774.59 $391,267.52
131477AT8 CALUMET SPECIALTY PROD 11.00000 04/15/2025 US 1,684.71 $1,625.75
133131102 CAMDEN PROPERTY TRUST US CPT 64.02 $5,839.81
13321L108 CAMECO CORP CA CCJ 1,668 $17,096.98
14180LAA4 CARGO AIRCRAFT MANAGEMENT 4.75000 02/01/2028 US 2,695.54 $2,671.95
143905AN7 CARRIAGE SERVICES INC 6.62500 06/01/2026 US 1,684.71 $1,771.05
149123101 CATERPILLAR INC US CAT 43.87 $5,549.54
15135UAF6 CENOVUS ENERGY INC 6.75000 11/15/2039 CA 2,021.65 $1,968.41
16119P108 CHARTER COMMUNICATIONS INC-A US CHTR 538.77 $274,794.50
16411QAD3 CHENIERE ENERGY PARTNERS 5.62500 10/01/2026 US 3,032.48 $3,017.32
166764100 CHEVRON CORP US CVX 410.4 $36,619.59
172062101 CINCINNATI FINANCIAL CORP US CINF 15.7 $1,005.37
17275R102 CISCO SYSTEMS INC US CSCO 243.14 $11,339.93
172967424 CITIGROUP INC US C 126.29 $6,453.21
172967KA8 CITIGROUP INCA 4.45000 09/29/2027 US 23,585.95 $26,927.31
191216100 COCA COLA CO/THE US KO 10,345.47 $462,235.68
194162103 COLGATE-PALMOLIVE CO US CL 77.97 $5,711.97
20030N101 COMCAST CORP-CL A US CMCSA 191.45 $7,462.74
20030NCY5 COMCAST CORP 3.25000 11/01/2039 US 28,303.14 $31,396.46
20369C106 COMMUNITY HEALTHCARE TRUST I US CHCT 72.11 $2,949.12
20451NAG6 COMPASS MINERALS INTERNA 6.75000 12/01/2027 US 1,684.71 $1,768.95
205887102 CONAGRA BRAND INC. US CAG 60.92 $2,142.53
20605P101 CONCHO RESOURCES INC US CXO 2,575.25 $132,625.32
20825C104 CONOCOPHILLIPS US COP 2,246.19 $94,384.95
21036P108 CONSTELLATION BRANDS INC-A US STZ 614.04 $107,426.89
217204106 COPART INC US CPRT 1,131.79 $94,244.04
21870Q105 CORESITE REALTY CORP US COR 12.13 $1,468.45
222795502 COUSINS PROPERTIES INC US CUZ 171.44 $5,113.94
22822V101 CROWN CASTLE INTL CORP US CCI 36.39 $6,089.83
22822VAN1 CROWN CASTLE INTL CORP 3.10000 11/15/2029 US 39,085.29 $41,898.99
231021106 CUMMINS INC US CMI 17.32 $3,000.66
247361ZZ4 DELTA AIR LINES INC 7.37500 01/15/2026 US 3,032.48 $2,933.62
253868103 DIGITAL REALTY TRUST INC US DLR 56.94 $8,092.20
254687106 WALT DISNEY CO/THE US DIS 1,244.66 $138,792.52
25470DAT6 DISCOVERY COMMUNICATIONS 5.20000 09/20/2047 US 33,020.33 $38,416.51
256677105 DOLLAR GENERAL CORP US DG 1,289.81 $245,722.57
256746108 DOLLAR TREE STORES INC US DLTR 3,242.06 $300,473.88
25746UDG1 DOMINION ENERGY 3.37500 04/01/2030 US 19,542.64 $21,571.77
25787GAC4 DONNELLEY FINANCIAL SOL 8.25000 10/15/2024 US 3,369.42 $3,319.18
25960P109 DOUGLAS EMMETT INC US DEI 116.25 $3,564.07
260003108 DOVER CORP US DOV 14.15 $1,366.48
26151AAA7 DRAX FINCO PLC 6.62500 11/01/2025 GB 13,477.69 $13,814.63
26439XAC7 DCP MIDSTREAM OPERATING 8.12500 08/16/2030 US 1,010.83 $1,061.37
264411505 DUKE RLTY INVTS INC US DRE 117.39 $4,154.45
26875P101 EOG RESOURCES INC US EOG 2,913.54 $147,599.87
26884L109 EQT CORP US EQT 11,329.68 $134,823.19
26884LAG4 EQT CORP 7.00000 02/01/2030 US 2,021.65 $2,082.36
2715777 QUEBECOR INC -CL B CA QBR/B CN 801.92 $17,230.46
277276101 EASTGROUP PROPERTIES US EGP 14.62 $1,734.47
285512109 ELECTRONIC ARTS US EA 2,334 $308,204.47
2866857 LUNDIN MINING CORP CA LUN CN 1,808.71 $9,699.01
291011104 EMERSON ELEC CO US EMR 64.22 $3,983.64
29273RAR0 ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 US 24,259.83 $26,279.14
29444U700 EQUINIX INC US EQIX 240.64 $169,004.34
29472R108 EQUITY LIFESTYLE PROPERTIES US ELS 87.27 $5,452.51
29476L107 EQUITY RESIDENTIAL US EQR 54.58 $3,210.67
297178105 ESSEX PROPERTY TRUST INC US ESS 8.56 $1,961.31
30212P303 EXPEDIA INC US EXPE 4,900.82 $402,847.70
30212PAS4 EXPEDIA GROUP INC 6.25000 05/01/2025 US 17,857.93 $19,023.58
30225T102 EXTRA SPACE STORAGE INC US EXR 15.5 $1,431.67
30231G102 EXXON MOBIL CORP US XOM 1,722.79 $77,042.95
302491303 FMC CORP US FMC 991.96 $98,818.82
30264DAA7 FS ENERGY & POWER FUND 7.50000 08/15/2023 US 1,684.71 $1,436.22
30303M102 FACEBOOK INC -A US FB 868.64 $197,241.37
311900104 FASTENAL CO US FAST 69.95 $2,996.62
315786AC7 FIDELITY & GUARA NTY LIFE 5.50000 05/01/2025 US 3,706.36 $4,002.87
316773100 FIFTH THIRD BANCORP US FITB 80.19 $1,546.11
32054K103 FIRST INDUSTRIAL REALTY TR US FR 84.57 $3,250.97
33834YAA6 FIVE POINT OP CO LP/FIVE 7.87500 11/15/2025 US 3,369.42 $3,184.10
345370CX6 FORD MOTOR COMPANY 9.62500 04/22/2030 US 4,043.31 $4,788.49
345397XU2 FORD MOTOR CREDIT CO LLC 4.38900 01/08/2026 US 1,684.71 $1,604.15
346232AE1 FORESTAR GROUP INC 5.00000 03/01/2028 US 3,369.42 $3,302.03
34960PAB7 FORTRESS TRANS & INFRAST 6.50000 10/01/2025 US 3,369.42 $3,033.19
35166FAA0 FOXTROT ESCROW ISSUER 12.25000 11/15/2026 US 2,358.6 $2,290.79
35671D857 FREEPORT-MCMORAN INC US FCX 8,857.87 $102,485.58
36166LAA5 GEMS MENASA KY LTD/GEMS 7.12500 07/31/2026 AE 1,684.71 $1,600.48
369550108 GENERAL DYNAMICS CORP US GD 23.38 $3,494.94
369604BQ5 GENERAL ELECTRIC CO 5.00000 01/21/2021 US 16,847.11 $13,158.94
370334104 GENERAL MLS INC US GIS 69.28 $4,270.82
37185LAL6 GENESIS ENERGY LP/FIN 7.75000 02/01/2028 US 1,684.71 $1,499.39
372460105 GENUINE PARTS CO US GPC 21.9 $1,904.53
374297109 GETTY REALTY CORP US GTY 78.51 $2,330.10
375558103 GILEAD SCIENCES INC US GILD 100.88 $7,761.74
384802104 WW GRAINGER INC US GWW 4.99 $1,566.64
388689101 GRAPHIC PACKAGING HOLDING CO US GPK 9,722.13 $136,012.58
400501102 GRUPO AEROPORTUARIO CEN-ADR MX OMAB 1,483.22 $55,101.60
400506101 GRUPO AEROPORTUARIO PAC-ADR MX PAC 815.06 $58,537.83
40051E202 GRUPO AEROPORTUARIO DEL SURESTE MX ASR 502.72 $56,450.17
4012250 AIRBUS SE FR AIR FP 90.97 $6,518.63
4031976 ADIDAS AG DE ADS GR 581.23 $153,240.34
404119BX6 HCA INC 4.12500 06/15/2029 US 26,955.37 $29,734.14
404139AD9 HC2 HOLDINGS INC 11.50000 12/01/2021 US 741.27 $706.06
416515104 HARTFORD FINL SVCS US HIG 41.17 $1,587.27
418751AB9 HAT HOLDINGS I LLC 6.00000 04/15/2025 US 3,032.48 $3,176.52
421946104 HEALTHCARE REALTY TRUST INC US HR 49.87 $1,460.62
42225P501 HEALTHCARE TRUST OF AMERICA US HTA 53.91 $1,429.71
42250P103 HEALTHPEAK PROPERTIES INC US PEAK 170.83 $4,708.07
427866108 HERSHEY CO/THE US HSY 21.56 $2,795.16
431571AB4 HILLENBRAND INC 4.50000 09/15/2026 US 3,369.42 $3,383.10
43300A203 HILTON WORLDWIDE HOLDINGS INC US HLT 33.02 $2,425.34
437076102 HOME DEPOT INC US HD 60.72 $15,210.21
438516106 HONEYWELL INTERNATIONAL INC US HON 49.33 $7,132.38
440452100 HORMEL FOODS CORP US HRL 41.85 $2,020.01
44107P104 HOST MARRIOTT CORP US HST 101.42 $1,094.32
443201AA6 HOWMET AEROSPACE INC 6.87500 05/01/2025 US 3,032.48 $3,289.82
444454AD4 HUGHES SATELLITE SYSTEMS 5.25000 08/01/2026 US 2,021.65 $2,090.79
450913AE8 IAMGOLD CORP 7.00000 04/15/2025 CA 3,706.36 $3,725.67
452308109 ILLINOIS TOOL WKS INC US ITW 28.24 $4,937.02
45337C102 INCYTE CORP US INCY 739.25 $76,859.93
45569LAA9 INDIGO NATURAL RES LLC 6.87500 02/15/2026 US 2,358.6 $2,193.49
45682RAA8 INFRABUILD AUSTRALIA PTY 12.00000 10/01/2024 AU 1,684.71 $1,520.45
45778Q107 INSPERITY INC US NSP 2,724.18 $176,335.99
458140100 INTEL CORP US INTC 225.14 $13,470.41
45866F104 INTERCONTINENTALEXCHANGE INC US ICE 1,574.87 $144,257.87
459200101 INTERNATIONAL BUSINESS MACH CORP US IBM 61.26 $7,397.90
459506101 INTERNATIONAL FLVRS & FRAGRANCES US IFF 10.51 $1,287.37
46116VAE5 INTL FC STORE INC 8.62500 06/15/2025 US 4,717.19 $4,926.54
46120E602 INTUITIVE SURGICAL INC US ISRG 116.92 $66,623.91
46187W107 INVITATION HOMES INC US INVH 262.61 $7,229.73
46284VAL5 IRON MOUNTAIN INC 5.62500 07/15/2032 US 2,358.6 $2,353.64
46625H100 JP MORGAN CHASE & CO US JPM 138.89 $13,063.76
476405105 JERNIGAN CAPITAL INC US JCAP 149.27 $2,041.95
478160104 JOHNSON & JOHNSON US JNJ 2,784.76 $391,620.72
47987LAA9 JONAH NRG LLC/FINANCE 7.25000 10/15/2025 US 2,358.6 $288.93
482480100 KLA-TENCOR CORPORATION US KLAC 17.32 $3,368.17
487526AB1 KEHE DISTRIBUTORS LLC/FI 8.62500 10/15/2026 US 2,358.6 $2,511.90
49427F108 KILROY REALTY CORP US KRC 78.78 $4,624.21
494368103 KIMBERLY CLARK CORP US KMB 29.52 $4,172.11
494550AW6 KINDER MORGAN ENER PART 6.95000 01/15/2038 US 28,977.02 $38,833.88
501044101 KROGER CO US KR 85.72 $2,901.56
50187TAE6 LGI HOMES INC 6.87500 07/15/2026 US 3,032.48 $3,085.55
505742AG1 LADDER CAP FIN LLLP/CORP 5.25000 10/01/2025 US 3,032.48 $2,614.60
5107401 BEIERSDORF AG DE BEI GR 896.6 $101,956.07
512816109 LAMAR ADVERTISING CO-A US LAMR 22.58 $1,507.12
516806AG1 LAREDO PETROLEUM INC 10.12500 01/15/2028 US 1,684.71 $1,162.45
53223X107 LIFE STORAGE INC US LSI 13.81 $1,311.70
532457108 ELI LILLY & CO US LLY 42.32 $6,948.09
539473AE8 LLOYDS BANK PLC 12.00000 12/16/2024 GB 6,738.84 $7,775.28
539830109 LOCKHEED MARTIN CORP US LMT 20.55 $7,500.37
54238XAC2 LONESTAR RESOURCES AMERICA 11.25000 01/01/2023 US 3,369.42 $320.10
550021109 LULULEMON - ADR CA LULU 859.34 $268,121.82
552697AQ7 MDC PARTNERS INC 6.50000 05/01/2024 CA 2,358.6 $2,193.49
56585A102 MARATHON PETROLEUM CORP US MPC 71.9 $2,687.75
573284106 MARTIN MARIETTA MATERIALS US MLM 472.73 $97,651.80
57636Q104 MASTERCARD INC-CLASS A US MA 1,266.57 $374,523.43
58933Y105 MERCK & CO INC US MRK 1,056.58 $81,705.58
59001KAG5 MERITOR INC 6.25000 06/01/2025 US 2,021.65 $2,041.87
594918104 MICROSOFT CORP US MSFT 2,424.3 $493,369.04
595112103 MICRON TECHNOLOGY INC US MU 8,940.76 $460,627.95
59522J103 MID-AMERICA APARTMENT COMM US MAA 38.07 $4,366.00
609207105 MONDELEZ INTERNATIONAL INC US MDLZ 8,512.44 $435,241.01
615369105 MOODY'S CORPORATION US MCO 929.96 $255,488.00
61965RAA3 MOSS CREEK RESOURCES HLD 7.50000 01/15/2026 US 2,021.65 $1,010.83
62426EAA3 MOUNTAIN PROVINCE DIAMON 8.00000 12/15/2022 CA 1,010.83 $561.01
6253983 ARISTOCRAT LEISURE LTD AU ALL AU 235.52 $4,217.37
62913TAJ1 NGL ENRGY PART LP/FIN CO 7.50000 11/01/2023 US 2,021.65 $1,677.97
6321954 TRAVELSKY TECHNOLOGY LTD-H CN 696 HK 7,075.79 $12,527.93
63938CAH1 NAVIENT CORP 6.75000 06/25/2025 US 3,032.48 $2,892.23
63938NAF1 NAVIOS SA LOGIST/FIN US 10.75000 07/01/2025 MH 1,347.77 $1,391.57
64110D104 NETAPP INC US NTAP 29.65 $1,315.61
654106103 NIKE INC CLASS B US NKE 1,992.34 $195,348.83
655844108 NORFOLK SOUTHN CORP US NSC 17.39 $3,052.50
6642321 NIKON CORP JP 7731 JP 11,833.41 $99,380.80
66727WAA0 NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 CA 9,771.32 $100.16
66987V109 NOVARTIS AG- REG CH NVS 2,484.95 $217,035.39
670346105 NUCOR CORP US NUE 42.32 $1,752.47
67401PAB4 OAKTREE SPECIALTY LEND 3.50000 02/25/2025 US 1,684.71 $1,645.92
6742340 SHANDONG WEIGAO CN 1066 HK 11,051.7 $24,676.79
674599EA9 OCCIDENTAL PETROLEUM COR 8.87500 07/15/2030 US 1,347.77 $1,346.08
675232AB8 OCEANEERING INTL INC 6.00000 02/01/2028 US 3,369.42 $2,358.60
6821506 SONY CORP FIRST SECTION JP 6758 JP 128.04 $8,838.49
68389X105 ORACLE CORP US ORCL 130.67 $7,221.92
69318FAH1 PBF HOLDING CO LLC 6.00000 02/15/2028 US 1,684.71 $1,398.31
69327RAJ0 PDC ENERGY INC 5.75000 05/15/2026 US 1,684.71 $1,533.09
693475105 PNC FINANCIAL SERVICES GROUP US PNC 27.09 $2,850.15
693506107 PPG INDUSTRIES INC US PPG 20.01 $2,122.72
701094104 PARKER HANNIFIN CORP US PH 12.2 $2,235.40
7021963 DEUTSCHE BOERSE AG DE DB1 GR 1,280.04 $231,656.98
70450Y103 PAYPAL HOLDINGS INC US PYPL 2,786.17 $485,435.21
7123870 NESTLE SA-REGISTERED CH NESN SW 2,346.47 $260,154.06
713448108 PEPSICO INC US PEP 1,098.77 $145,323.10
717081103 PFIZER INC US PFE 338.29 $11,062.08
719245AD4 PHOTO HOLDINGS MERGER SU 8.50000 10/01/2026 US 2,695.54 $2,543.91
71943U104 PHYSICIANS REALTY TRUST US DOC 97.38 $1,706.03
71953LAA9 PICASSO FINANCE SUB INC 6.12500 06/15/2025 US 3,032.48 $3,100.71
723787107 PIONEER NATURAL RESOURCES CO US PXD 1,569.48 $153,337.86
73179PAM8 POLYONE CORP 5.75000 05/15/2025 US 2,021.65 $2,079.78
733174AK2 POPULAR INC 6.12500 09/14/2023 PR 1,684.71 $1,701.56
741503AZ9 BOOKING HOLDINGS INC 3.60000 06/01/2026 US 31,672.56 $34,758.08
74166MAE6 PRIME SECSRVC BRW/FINANC 6.25000 01/15/2028 US 3,369.42 $3,175.68
74340W103 PROLOGIS US PLD 187.47 $17,497.01
74460D109 PUBLIC STORAGE INC US PSA 30.66 $5,883.68
747525103 QUALCOMM INC US QCOM 61.39 $5,599.46
74834L100 QUEST DIAGNOSTICS INC US DGX 17.86 $2,035.09
750236AW1 RADIAN GROUP INC 4.87500 03/15/2027 US 4,380.25 $4,117.43
75513E101 RAYTHEON TECHNOLOGIES CORP US RTX 103.58 $6,382.35
756109104 REALTY INCOME CORP US O 33.02 $1,964.71
758849103 REGENCY CENTERS CORP US REG 36.05 $1,654.46
7591EP100 REGIONS FINANCIAL CORP. US RF 119.68 $1,330.86
76131D103 RESTAURANT BRANDS INTERN CA QSR 311.33 $17,008.21
76169C100 REXFORD INDUSTRIAL REALITY IN US REXR 104.45 $4,327.45
7698356 GETINGE AB-B SHS SE GETIB SS 754.75 $14,064.30
773903109 ROCKWELL AUTOMATION INC US ROK 12.4 $2,641.09
780259107 ROYAL DUTCH SHELL PLC-ADR B NL RDS/B 1,629.79 $49,627.08
783513203 RYANAIR HOLDINGS - ADR IE RYAAY 2,717.78 $180,297.22
78409V104 S&P GLOBAL INC US SPGI 749.36 $246,898.91
78410G104 SBA COMMUNICATIONS CORP US SBAC 789.79 $235,294.95
78442PGC4 SLM CORP 5.12500 04/05/2022 US 3,369.42 $3,335.73
785592AV8 SABINE PASS LIQUEFACTION 5.87500 06/30/2026 US 41,780.83 $49,092.47
79466L302 SALESFORCE.COM US CRM 778.67 $145,868.87
806857108 SCHLUMBERGER LTD NL SLB 3,806.17 $69,995.39
808625AA5 SCIENCE APPLICATIONS INT 4.87500 04/01/2028 US 2,021.65 $2,009.64
81141R100 SEA LTD - ADR SG SE 1,978.19 $212,140.81
812578102 SEATTLE GENETICS INC US SGEN 793.5 $134,831.31
81762P102 SERVICENOW INC US NOW 1,033.4 $418,589.64
83088M102 SKYWORKS SOLUTIONS INC US SWKS 15.77 $2,016.21
832696405 JM SMUCKER CO/THE-NEW COM WI US SJM 15.84 $1,675.64
84265V105 SOUTHERN COPPER CORPORATION US SCCO 3,395.7 $135,047.11
85172FAN9 SPRINGLEAF FINANCE CORP 7.12500 03/15/2026 US 3,369.42 $3,487.32
85207UAH8 SPRINT CORP 7.12500 06/15/2024 US 2,358.6 $2,663.18
852234103 SQUARE INC - A US SQ 886.83 $93,064.12
85254J102 STAG INDUSTRIAL INC US STAG 69.41 $2,035.10
854502101 STANLEY WORKS/THE US SWK 14.96 $2,085.16
85571BAL9 STARWOOD PROPERTY TRUST 4.75000 03/15/2025 US 3,369.42 $3,066.17
85571BAP0 STARWOOD PROPERTY TRUST 3.62500 02/01/2021 US 1,684.71 $1,655.23
857949BL0 SS INT BEARING FD .022% 01/02/15 US 156,883.25 $156,883.25
862121100 STORE CAPITAL CORP US STOR 63.01 $1,500.22
866674104 SUN COMMUNITIES US SUI 58.29 $7,908.92
867892101 SUNSTONE HOTEL INVESTORS INC US SHO 118.27 $963.87
87105L104 SWITCH INC - A US SWCH 104.18 $1,856.53
871829107 SYSCO CORP US SYY 47.31 $2,585.78
872540109 TJX COMPANIES INC US TJX 3,731.3 $188,654.39
872540AR0 TJX COS INC 3.50000 04/15/2025 US 19,542.64 $21,753.93
87422VAJ7 TALEN ENERGY SUPPLY LLC 7.62500 06/01/2028 US 3,032.48 $3,032.48
87854WAA1 TECHNIPLAS LLC 10.00000 05/01/2020 US 1,347.77 $299.88
88032WAN6 TENCENT HOLDINGS 3.97500 04/11/2029 KY 26,281.49 $29,457.74
88146M101 TERRENO REALTY CORP US TRNO 32.01 $1,684.98
882508104 TEXAS INSTRUMENTS INC US TXN 65.5 $8,316.73
883556102 THERMO FISHER SCIENTIFIC INC US TMO 420.84 $152,487.44
88579Y101 3M CO US MMM 42.32 $6,601.49
89151E109 TOTAL S A SPONSORED ADR FR TOT 2,424.97 $93,264.45
892231AA9 TOWNSQUARE MEDIA INC 6.50000 04/01/2023 US 3,032.48 $2,607.93
89417E109 TRAVELLERS COS INC US TRV 22.78 $2,597.75
89832Q109 TRUIST FINANCIAL CORP US TFC 116.38 $4,370.06
901109AF5 TUTOR PERINI CORP 6.87500 05/01/2025 US 5,728.02 $5,455.94
902494103 TYSON FOODS INC -CL A US TSN 37.06 $2,213.07
902653104 UDR INC US UDR 60.78 $2,272.12
902973304 U.S. BANCORP US USB 121.3 $4,466.24
904767704 UNILEVER PLC - ADR GB UL 4,351.2 $238,794.05
907818108 UNION PAC CORP US UNP 46.84 $7,918.39
912810RX8 US TREASURY N/B 3.00000 05/15/2047 US 72,779.5 $99,201.88
912828K74 US TREASURY N/B 2.00000 08/15/2025 US 495,776.68 $538,188.83
912828R36 US TREASURY N/B 1.62500 05/15/2026 US 375,892.66 $402,836.53
912828WJ5 US TREASURY N/B 2.50000 05/15/2024 US 357,832.56 $389,324.62
91324P102 UNITEDHEALTH GROUP INC US UNH 581.23 $171,432.37
91704F104 URBAN EDGE PROPERTIES US UE 147.24 $1,747.78
918204108 VF CORP US VFC 43.8 $2,669.32
91913Y100 VALERO ENERGY US VLO 42.59 $2,505.11
92343VDU5 VERIZON COMMUNICATIONS 5.25000 03/16/2037 US 45,150.25 $60,445.41
92511U102 VERRA MOBILITY CORP US VRRM 10,652.49 $109,507.63
92532F100 VERTEX PHARMACEUTICALS INC US VRTX 406.02 $117,870.30
92826C839 VISA INC - CLASS A SHARES US V 1,579.92 $305,193.48
92840JAA7 VISTAJET MALTA/XO MGMT 10.50000 06/01/2024 MUL 2,021.65 $1,819.49
92840VAG7 VISTRA OPERATIONS CO LLC 3.70000 01/30/2027 US 2,021.65 $2,081.96
929160109 VULCAN MATERIALS CO US VMC 1,241.97 $143,882.08
931142103 WAL MART STORES US WMT 125.07 $14,981.24
94106L109 WASTE MANAGEMENT INC US WM 38.68 $4,096.70
949746101 WELLS FARGO COMPANY US WFC 259.11 $6,633.18
95040Q104 WELLTOWER INC. US WELL 79.11 $4,094.15
95081QAP9 WESCO DISTRIBUTION INC 7.25000 06/15/2028 US 2,021.65 $2,137.90
955306105 WEST PHARMACEUTICAL SERVICES US WST 415.45 $94,377.70
962178AN9 TRI POINTE GROUP / HOMES 5.87500 06/15/2024 US 3,032.48 $3,114.39
966387AH5 WHITING PETROLEUM CORP 5.75000 03/15/2021 US 10,782.15 $2,075.56
96949LAD7 WILLIAMS PARTNERS LP 3.75000 06/15/2027 US 27,629.26 $29,580.26
98212BAM5 WPX ENERGY 5.87500 06/15/2028 US 1,010.83 $971.35
98311A105 WYNDHAM HOTELS & RESORTS INC US WH 78.37 $3,340.25
983919101 XILINX INC US XLNX 21.63 $2,128.34
B02J639 ADMIRAL GROUP PLC GB ADM LN 932.66 $26,449.06
B1KFX13 GRUPO AEROPORTUARIO DEL CENT MX OMAB MM 1,226.47 $5,700.53
B1Y47Y7 GERRESHEIMER AG DE GXI GR 203.85 $18,838.80
B1Y9TB3 DANONE FR BN FP 279.86 $19,426.17
B3QJ0H8 TOURMALINE OIL CORP CA TOU CN 1,968.08 $17,207.64
B4YVF56 BRENNTAG AG DE BNR GR 3,710.07 $196,707.35
B63QM77 NEXON CO LTD JP 3659 JP 13,983.1 $315,408.79
BBQ3850 KEYWORDS STUDIOS PLC IE KWS LN 216.99 $4,871.97
BGHQ198 HIBERNIA REIT PLC IE HBRN ID 1,390.22 $1,755.16
BJ2KSG2 AKZO NOBEL NL AKZA NA 167.73 $15,068.88
BMMV2K8 TENCENT HOLDINGS LTD CN 700 HK 5,920.81 $379,393.46
BMTRW10 B&M EUROPEAN VALUE RETAIL SA GB BME LN 2,745.74 $13,515.61
BNGN9Z1 FINECOBANK SPA IT FBK IM 2,198.21 $29,750.59
BP9DL90 INDUSTRIA DE DISENO TEXTIL ES ITX SM 5,082.44 $134,853.95
BVYVFW2 AUTO TRADER GROUP PLC GB AUTO LN 1,298.91 $8,456.87
BYYHL23 ANHEUSER-BUSCH INBEV SA/NV BE ABI BB 3,166.11 $156,077.24
BZ0VW78 BINGO INDUSTRIES LTD AU BIN AU 6,121.9 $9,179.78
BZ1HM42 ADYEN NV NL ADYEN NA 6.07 $8,827.47
G0772R208 BANK OF N.T. BUTTERFIELD&SON BM NTB 524.62 $12,795.46
G1151C101 ACCENTURE PLC - CL A IE ACN 788.44 $169,294.83
G29183103 EATON CORP PLC US ETN 41.24 $3,607.83
G51502105 JOHNSON CONTROLS INTERNATIONAL US JCI 90.57 $3,092.06
G5494J103 LINDE PLC GB LIN 27.22 $5,774.68
G5960L103 MEDTRONIC INC IE MDT 2,173.75 $199,332.74
G85158106 STONECO LTD-A BR STNE 254.39 $9,860.21
G8994E103 TRANE TECHNOLOGIES IE TT 20.62 $1,834.84
G97822103 PERRIGO CO PLC IE PRGO 238.56 $13,184.94
H01301128 ALCON INC CH ALC 2,010.53 $115,243.80
H1467J104 CHUBB LTD CH CB 33.69 $4,266.36
H2906T109 GARMIN LTD CH GRMN 17.72 $1,728.01
N53745100 LYONDELLBASELL INDU-CL A US LYB 40.97 $2,692.69

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

$15.23

Daily $ Change

-$0.10

Daily % Change

-0.66%

as of 07/09/2020

CUSIP

56382R787

Inception Date

05/14/2015

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

Important Documents

Annual Report
Fact Sheet
Applications & Forms

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

Investment Objective

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

Investment Strategy

Currently: The portfolio is currently invested in 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 06/30/2020

YTD

1.77%

1 Year

10.44%

3 Year

10.60%

5 Year

8.87%

10 Year

10.50%

Inception
(01/01/2000)

7.84%

US Stock Market Cycle (04/01/2000 - 06/30/2020)

7.99%

Performance through the inception date of the Retirement Target CIT Class U1 units is based on the historical performance of the CIT’s oldest unit class. Performance through the inception date of the oldest unit class (08/17/2012) is not the past performance of the Retirement Target CIT Fund and is based on historical performance data of the Manning & Napier Pro-Mix® CIT Fund(s) that would have been held according to the Retirement Target CIT Fund’s glide path. Returns are net of the Class U1 expenses. The Retirement Target CIT Fund will gradually become more conservative over time. Performance data quoted represents past performance and does not guarantee future results. Performance for periods greater than one year is annualized. Your investment may fluctuate in value and there is a potential for loss as well as profit.

Expense Ratio

Gross 0.54%
Net 0.49%*

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

Top Ten Investments

As of 06/30/2020

TREASURY NOTES 6.25%
MICROSOFT CORP 2.32%
PAYPAL HOLDINGS INC 2.28%
COCA COLA CO/THE 2.17%
MICRON TECHNOLOGY INC 2.17%
MONDELEZ INTERNATIONAL INC 2.05%
SERVICENOW INC 1.97%
AMAZON.COM INC 1.95%
EXPEDIA INC 1.89%
JOHNSON & JOHNSON 1.84%

This investment list is unaudited and excludes cash.

Asset Allocation

As of 06/30/2020

Stocks
88.56%
Bonds
10.71%
Cash
0.73%

Detailed Asset Class Allocation

As of 06/30/2020

International Equities
23.31%
Small Capitalization
2.02%
Mid Capitalization
3.42%
Large Capitalization
59.80%
Long Term Fixed Income
1.41%
Intermediate Term Fixed Income
9.19%
Short Term Fixed Income
0.12%
Cash
0.73%

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 06/30/2020

CUSIP Security Description Country Ticker Shares/Par Market Value (USD)
00206RDQ2 AT&T INC 4.25000 03/01/2027 US 8,086.61 $9,211.80
00287Y109 ABBVIE INC US ABBV 104.52 $10,261.72
00507V109 ACTIVISION INC US ATVI 2,663.53 $202,161.75
00774MAG0 AERCAP IRELAND CAP / GLOBA 4.45000 10/01/2025 IE 20,890.41 $20,071.37
00791GAA5 AG MERGER SUB II INC 10.75000 08/01/2027 US 1,347.77 $1,320.81
008492100 AGREE REALTY CORP US ADC 45.35 $2,980.11
00912XAV6 AIR LEASE CORP 3.62500 04/01/2027 US 21,564.3 $21,150.24
01166WAA5 ALASKA AIR 2020-1 CL B 8.00000 08/15/2025 US 2,021.65 $2,046.92
013822AC5 ALCOA NEDERLAND HOLDING 6.12500 05/15/2028 NL 2,695.54 $2,761.25
015271109 ALEXANDRIA REAL EST EQUITIES US ARE 16.17 $2,624.11
01609W102 ALIBABA GROUP - ADR CN BABA 1,505.46 $324,727.19
01609WAT9 ALIBABA GROUP HOLDING 3.40000 12/06/2027 KY 26,955.37 $29,946.26
020002101 ALLSTATE CORPORATION US ALL 28.24 $2,738.59
02079K107 ALPHABET INC-CL C US GOOG 34.37 $48,583.09
02079K305 ALPHABET INC-CL A US GOOGL 168.47 $238,900.41
023135106 AMAZON.COM INC US AMZN 150.28 $414,584.98
02319V103 AMBEV SA-ADR BR ABEV 51,445 $135,814.80
0237400 DIAGEO PLC GB DGE LN 4,417.24 $146,817.02
02406PBA7 AMERICAN AXLE & MFG INC 6.87500 07/01/2028 US 2,021.65 $2,001.44
024835100 AMERICAN CAMPUS COMMUNITIES US ACC 121.03 $4,231.20
02665T306 AMERICAN HOMES 4 RENT- A US AMH 178.92 $4,812.85
03027X100 AMERICAN TOWER REIT INC US AMT 988.93 $255,676.72
03027XAW0 AMERICAN TOWER CORP 3.80000 08/15/2029 US 35,715.87 $40,422.32
03064D108 AMERICOLD REALTY TRUST US COLD 147.58 $5,357.18
032654105 ANALOG DEVICES INC US ADI 26.48 $3,247.96
03690AAD8 ANTERO MIDSTREAM PART / FI 5.75000 03/01/2027 US 3,369.42 $2,661.84
03690AAF3 ANTERO MIDSTREAM PART/FI 5.75000 01/15/2028 US 3,032.48 $2,395.66
03748R754 APARTMENT INVT & MGMT CO -A US AIV 88.95 $3,348.18
039483102 ARCHER-DANIELS-MIDLAND CO US ADM 57.28 $2,285.48
053015103 AUTOMATIC DATA PROCESSING US ADP 25.34 $3,772.58
053332102 AUTOZONE INC US AZO 163.42 $184,353.92
053484101 AVALONBAY COMMUNITIES INC US AVB 39.76 $6,148.36
05401AAJ0 AVOLON HOLDINGS FNDG LTD 3.25000 02/15/2027 KY 24,259.83 $19,595.30
055622104 BP PLC-SPONS ADR GB BP 172.85 $4,030.89
05722G100 BAKER HUGHES CO US BKR 118.74 $1,827.38
060505104 BANK OF AMERICA CORP US BAC 420.3 $9,982.16
06051GFM6 BANK OF AMERICA CORP 4.00000 01/22/2025 US 12,803.8 $14,139.94
084670702 BERKSHIRE HATHAWAY INC-CL B US BRK/B 1,539.83 $274,874.27
086516101 BEST BUY INC US BBY 31.87 $2,781.71
09061G101 BIOMARIN PHARMACEUTICAL INC US BMRN 1,964.37 $242,285.73
09247X101 BLACKROCK INC US BLK 448.13 $243,824.72
0946580 WEIR GROUP PLC/THE GB WEIR LN 946.13 $12,433.35
09857L108 BOOKING HOLDINGS INC US BKNG 130.4 $207,635.74
101121101 BOSTON PROPERTIES INC US BXP 13.68 $1,236.38
101137107 BOSTON SCIENTIFIC CORP US BSX 2,670.27 $93,753.06
105368203 BRANDYWINE REALTY TRUST US BDN 224.07 $2,440.08
110122108 BRISTOL MYERS SQUIBB CO US BMY 144.14 $8,475.66
11680JAA0 BRUIN E&P PARTNERS LLC 8.87500 08/01/2023 US 10,445.21 $208.90
12503M108 CBOE GLOBAL MARKETS INC US CBOE 1,505.12 $140,397.65
12541W209 C.H. ROBINSON WORLDWIDE INC US CHRW 21.43 $1,694.22
12572Q105 CME GROUP INC US CME 750.71 $122,019.93
12653CAC2 CNX RESOURCES CORP 7.25000 03/14/2027 US 1,010.83 $929.96
12654TAA8 CNX MIDSTREAM PTR/CNX 6.50000 03/15/2026 US 1,010.83 $929.96
127097103 CABOT OIL & GAS CORP US COG 22,774.59 $391,267.52
131477AT8 CALUMET SPECIALTY PROD 11.00000 04/15/2025 US 1,684.71 $1,625.75
133131102 CAMDEN PROPERTY TRUST US CPT 64.02 $5,839.81
13321L108 CAMECO CORP CA CCJ 1,668 $17,096.98
14180LAA4 CARGO AIRCRAFT MANAGEMENT 4.75000 02/01/2028 US 2,695.54 $2,671.95
143905AN7 CARRIAGE SERVICES INC 6.62500 06/01/2026 US 1,684.71 $1,771.05
149123101 CATERPILLAR INC US CAT 43.87 $5,549.54
15135UAF6 CENOVUS ENERGY INC 6.75000 11/15/2039 CA 2,021.65 $1,968.41
16119P108 CHARTER COMMUNICATIONS INC-A US CHTR 538.77 $274,794.50
16411QAD3 CHENIERE ENERGY PARTNERS 5.62500 10/01/2026 US 3,032.48 $3,017.32
166764100 CHEVRON CORP US CVX 410.4 $36,619.59
172062101 CINCINNATI FINANCIAL CORP US CINF 15.7 $1,005.37
17275R102 CISCO SYSTEMS INC US CSCO 243.14 $11,339.93
172967424 CITIGROUP INC US C 126.29 $6,453.21
172967KA8 CITIGROUP INCA 4.45000 09/29/2027 US 23,585.95 $26,927.31
191216100 COCA COLA CO/THE US KO 10,345.47 $462,235.68
194162103 COLGATE-PALMOLIVE CO US CL 77.97 $5,711.97
20030N101 COMCAST CORP-CL A US CMCSA 191.45 $7,462.74
20030NCY5 COMCAST CORP 3.25000 11/01/2039 US 28,303.14 $31,396.46
20369C106 COMMUNITY HEALTHCARE TRUST I US CHCT 72.11 $2,949.12
20451NAG6 COMPASS MINERALS INTERNA 6.75000 12/01/2027 US 1,684.71 $1,768.95
205887102 CONAGRA BRAND INC. US CAG 60.92 $2,142.53
20605P101 CONCHO RESOURCES INC US CXO 2,575.25 $132,625.32
20825C104 CONOCOPHILLIPS US COP 2,246.19 $94,384.95
21036P108 CONSTELLATION BRANDS INC-A US STZ 614.04 $107,426.89
217204106 COPART INC US CPRT 1,131.79 $94,244.04
21870Q105 CORESITE REALTY CORP US COR 12.13 $1,468.45
222795502 COUSINS PROPERTIES INC US CUZ 171.44 $5,113.94
22822V101 CROWN CASTLE INTL CORP US CCI 36.39 $6,089.83
22822VAN1 CROWN CASTLE INTL CORP 3.10000 11/15/2029 US 39,085.29 $41,898.99
231021106 CUMMINS INC US CMI 17.32 $3,000.66
247361ZZ4 DELTA AIR LINES INC 7.37500 01/15/2026 US 3,032.48 $2,933.62
253868103 DIGITAL REALTY TRUST INC US DLR 56.94 $8,092.20
254687106 WALT DISNEY CO/THE US DIS 1,244.66 $138,792.52
25470DAT6 DISCOVERY COMMUNICATIONS 5.20000 09/20/2047 US 33,020.33 $38,416.51
256677105 DOLLAR GENERAL CORP US DG 1,289.81 $245,722.57
256746108 DOLLAR TREE STORES INC US DLTR 3,242.06 $300,473.88
25746UDG1 DOMINION ENERGY 3.37500 04/01/2030 US 19,542.64 $21,571.77
25787GAC4 DONNELLEY FINANCIAL SOL 8.25000 10/15/2024 US 3,369.42 $3,319.18
25960P109 DOUGLAS EMMETT INC US DEI 116.25 $3,564.07
260003108 DOVER CORP US DOV 14.15 $1,366.48
26151AAA7 DRAX FINCO PLC 6.62500 11/01/2025 GB 13,477.69 $13,814.63
26439XAC7 DCP MIDSTREAM OPERATING 8.12500 08/16/2030 US 1,010.83 $1,061.37
264411505 DUKE RLTY INVTS INC US DRE 117.39 $4,154.45
26875P101 EOG RESOURCES INC US EOG 2,913.54 $147,599.87
26884L109 EQT CORP US EQT 11,329.68 $134,823.19
26884LAG4 EQT CORP 7.00000 02/01/2030 US 2,021.65 $2,082.36
2715777 QUEBECOR INC -CL B CA QBR/B CN 801.92 $17,230.46
277276101 EASTGROUP PROPERTIES US EGP 14.62 $1,734.47
285512109 ELECTRONIC ARTS US EA 2,334 $308,204.47
2866857 LUNDIN MINING CORP CA LUN CN 1,808.71 $9,699.01
291011104 EMERSON ELEC CO US EMR 64.22 $3,983.64
29273RAR0 ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 US 24,259.83 $26,279.14
29444U700 EQUINIX INC US EQIX 240.64 $169,004.34
29472R108 EQUITY LIFESTYLE PROPERTIES US ELS 87.27 $5,452.51
29476L107 EQUITY RESIDENTIAL US EQR 54.58 $3,210.67
297178105 ESSEX PROPERTY TRUST INC US ESS 8.56 $1,961.31
30212P303 EXPEDIA INC US EXPE 4,900.82 $402,847.70
30212PAS4 EXPEDIA GROUP INC 6.25000 05/01/2025 US 17,857.93 $19,023.58
30225T102 EXTRA SPACE STORAGE INC US EXR 15.5 $1,431.67
30231G102 EXXON MOBIL CORP US XOM 1,722.79 $77,042.95
302491303 FMC CORP US FMC 991.96 $98,818.82
30264DAA7 FS ENERGY & POWER FUND 7.50000 08/15/2023 US 1,684.71 $1,436.22
30303M102 FACEBOOK INC -A US FB 868.64 $197,241.37
311900104 FASTENAL CO US FAST 69.95 $2,996.62
315786AC7 FIDELITY & GUARA NTY LIFE 5.50000 05/01/2025 US 3,706.36 $4,002.87
316773100 FIFTH THIRD BANCORP US FITB 80.19 $1,546.11
32054K103 FIRST INDUSTRIAL REALTY TR US FR 84.57 $3,250.97
33834YAA6 FIVE POINT OP CO LP/FIVE 7.87500 11/15/2025 US 3,369.42 $3,184.10
345370CX6 FORD MOTOR COMPANY 9.62500 04/22/2030 US 4,043.31 $4,788.49
345397XU2 FORD MOTOR CREDIT CO LLC 4.38900 01/08/2026 US 1,684.71 $1,604.15
346232AE1 FORESTAR GROUP INC 5.00000 03/01/2028 US 3,369.42 $3,302.03
34960PAB7 FORTRESS TRANS & INFRAST 6.50000 10/01/2025 US 3,369.42 $3,033.19
35166FAA0 FOXTROT ESCROW ISSUER 12.25000 11/15/2026 US 2,358.6 $2,290.79
35671D857 FREEPORT-MCMORAN INC US FCX 8,857.87 $102,485.58
36166LAA5 GEMS MENASA KY LTD/GEMS 7.12500 07/31/2026 AE 1,684.71 $1,600.48
369550108 GENERAL DYNAMICS CORP US GD 23.38 $3,494.94
369604BQ5 GENERAL ELECTRIC CO 5.00000 01/21/2021 US 16,847.11 $13,158.94
370334104 GENERAL MLS INC US GIS 69.28 $4,270.82
37185LAL6 GENESIS ENERGY LP/FIN 7.75000 02/01/2028 US 1,684.71 $1,499.39
372460105 GENUINE PARTS CO US GPC 21.9 $1,904.53
374297109 GETTY REALTY CORP US GTY 78.51 $2,330.10
375558103 GILEAD SCIENCES INC US GILD 100.88 $7,761.74
384802104 WW GRAINGER INC US GWW 4.99 $1,566.64
388689101 GRAPHIC PACKAGING HOLDING CO US GPK 9,722.13 $136,012.58
400501102 GRUPO AEROPORTUARIO CEN-ADR MX OMAB 1,483.22 $55,101.60
400506101 GRUPO AEROPORTUARIO PAC-ADR MX PAC 815.06 $58,537.83
40051E202 GRUPO AEROPORTUARIO DEL SURESTE MX ASR 502.72 $56,450.17
4012250 AIRBUS SE FR AIR FP 90.97 $6,518.63
4031976 ADIDAS AG DE ADS GR 581.23 $153,240.34
404119BX6 HCA INC 4.12500 06/15/2029 US 26,955.37 $29,734.14
404139AD9 HC2 HOLDINGS INC 11.50000 12/01/2021 US 741.27 $706.06
416515104 HARTFORD FINL SVCS US HIG 41.17 $1,587.27
418751AB9 HAT HOLDINGS I LLC 6.00000 04/15/2025 US 3,032.48 $3,176.52
421946104 HEALTHCARE REALTY TRUST INC US HR 49.87 $1,460.62
42225P501 HEALTHCARE TRUST OF AMERICA US HTA 53.91 $1,429.71
42250P103 HEALTHPEAK PROPERTIES INC US PEAK 170.83 $4,708.07
427866108 HERSHEY CO/THE US HSY 21.56 $2,795.16
431571AB4 HILLENBRAND INC 4.50000 09/15/2026 US 3,369.42 $3,383.10
43300A203 HILTON WORLDWIDE HOLDINGS INC US HLT 33.02 $2,425.34
437076102 HOME DEPOT INC US HD 60.72 $15,210.21
438516106 HONEYWELL INTERNATIONAL INC US HON 49.33 $7,132.38
440452100 HORMEL FOODS CORP US HRL 41.85 $2,020.01
44107P104 HOST MARRIOTT CORP US HST 101.42 $1,094.32
443201AA6 HOWMET AEROSPACE INC 6.87500 05/01/2025 US 3,032.48 $3,289.82
444454AD4 HUGHES SATELLITE SYSTEMS 5.25000 08/01/2026 US 2,021.65 $2,090.79
450913AE8 IAMGOLD CORP 7.00000 04/15/2025 CA 3,706.36 $3,725.67
452308109 ILLINOIS TOOL WKS INC US ITW 28.24 $4,937.02
45337C102 INCYTE CORP US INCY 739.25 $76,859.93
45569LAA9 INDIGO NATURAL RES LLC 6.87500 02/15/2026 US 2,358.6 $2,193.49
45682RAA8 INFRABUILD AUSTRALIA PTY 12.00000 10/01/2024 AU 1,684.71 $1,520.45
45778Q107 INSPERITY INC US NSP 2,724.18 $176,335.99
458140100 INTEL CORP US INTC 225.14 $13,470.41
45866F104 INTERCONTINENTALEXCHANGE INC US ICE 1,574.87 $144,257.87
459200101 INTERNATIONAL BUSINESS MACH CORP US IBM 61.26 $7,397.90
459506101 INTERNATIONAL FLVRS & FRAGRANCES US IFF 10.51 $1,287.37
46116VAE5 INTL FC STORE INC 8.62500 06/15/2025 US 4,717.19 $4,926.54
46120E602 INTUITIVE SURGICAL INC US ISRG 116.92 $66,623.91
46187W107 INVITATION HOMES INC US INVH 262.61 $7,229.73
46284VAL5 IRON MOUNTAIN INC 5.62500 07/15/2032 US 2,358.6 $2,353.64
46625H100 JP MORGAN CHASE & CO US JPM 138.89 $13,063.76
476405105 JERNIGAN CAPITAL INC US JCAP 149.27 $2,041.95
478160104 JOHNSON & JOHNSON US JNJ 2,784.76 $391,620.72
47987LAA9 JONAH NRG LLC/FINANCE 7.25000 10/15/2025 US 2,358.6 $288.93
482480100 KLA-TENCOR CORPORATION US KLAC 17.32 $3,368.17
487526AB1 KEHE DISTRIBUTORS LLC/FI 8.62500 10/15/2026 US 2,358.6 $2,511.90
49427F108 KILROY REALTY CORP US KRC 78.78 $4,624.21
494368103 KIMBERLY CLARK CORP US KMB 29.52 $4,172.11
494550AW6 KINDER MORGAN ENER PART 6.95000 01/15/2038 US 28,977.02 $38,833.88
501044101 KROGER CO US KR 85.72 $2,901.56
50187TAE6 LGI HOMES INC 6.87500 07/15/2026 US 3,032.48 $3,085.55
505742AG1 LADDER CAP FIN LLLP/CORP 5.25000 10/01/2025 US 3,032.48 $2,614.60
5107401 BEIERSDORF AG DE BEI GR 896.6 $101,956.07
512816109 LAMAR ADVERTISING CO-A US LAMR 22.58 $1,507.12
516806AG1 LAREDO PETROLEUM INC 10.12500 01/15/2028 US 1,684.71 $1,162.45
53223X107 LIFE STORAGE INC US LSI 13.81 $1,311.70
532457108 ELI LILLY & CO US LLY 42.32 $6,948.09
539473AE8 LLOYDS BANK PLC 12.00000 12/16/2024 GB 6,738.84 $7,775.28
539830109 LOCKHEED MARTIN CORP US LMT 20.55 $7,500.37
54238XAC2 LONESTAR RESOURCES AMERICA 11.25000 01/01/2023 US 3,369.42 $320.10
550021109 LULULEMON - ADR CA LULU 859.34 $268,121.82
552697AQ7 MDC PARTNERS INC 6.50000 05/01/2024 CA 2,358.6 $2,193.49
56585A102 MARATHON PETROLEUM CORP US MPC 71.9 $2,687.75
573284106 MARTIN MARIETTA MATERIALS US MLM 472.73 $97,651.80
57636Q104 MASTERCARD INC-CLASS A US MA 1,266.57 $374,523.43
58933Y105 MERCK & CO INC US MRK 1,056.58 $81,705.58
59001KAG5 MERITOR INC 6.25000 06/01/2025 US 2,021.65 $2,041.87
594918104 MICROSOFT CORP US MSFT 2,424.3 $493,369.04
595112103 MICRON TECHNOLOGY INC US MU 8,940.76 $460,627.95
59522J103 MID-AMERICA APARTMENT COMM US MAA 38.07 $4,366.00
609207105 MONDELEZ INTERNATIONAL INC US MDLZ 8,512.44 $435,241.01
615369105 MOODY'S CORPORATION US MCO 929.96 $255,488.00
61965RAA3 MOSS CREEK RESOURCES HLD 7.50000 01/15/2026 US 2,021.65 $1,010.83
62426EAA3 MOUNTAIN PROVINCE DIAMON 8.00000 12/15/2022 CA 1,010.83 $561.01
6253983 ARISTOCRAT LEISURE LTD AU ALL AU 235.52 $4,217.37
62913TAJ1 NGL ENRGY PART LP/FIN CO 7.50000 11/01/2023 US 2,021.65 $1,677.97
6321954 TRAVELSKY TECHNOLOGY LTD-H CN 696 HK 7,075.79 $12,527.93
63938CAH1 NAVIENT CORP 6.75000 06/25/2025 US 3,032.48 $2,892.23
63938NAF1 NAVIOS SA LOGIST/FIN US 10.75000 07/01/2025 MH 1,347.77 $1,391.57
64110D104 NETAPP INC US NTAP 29.65 $1,315.61
654106103 NIKE INC CLASS B US NKE 1,992.34 $195,348.83
655844108 NORFOLK SOUTHN CORP US NSC 17.39 $3,052.50
6642321 NIKON CORP JP 7731 JP 11,833.41 $99,380.80
66727WAA0 NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 CA 9,771.32 $100.16
66987V109 NOVARTIS AG- REG CH NVS 2,484.95 $217,035.39
670346105 NUCOR CORP US NUE 42.32 $1,752.47
67401PAB4 OAKTREE SPECIALTY LEND 3.50000 02/25/2025 US 1,684.71 $1,645.92
6742340 SHANDONG WEIGAO CN 1066 HK 11,051.7 $24,676.79
674599EA9 OCCIDENTAL PETROLEUM COR 8.87500 07/15/2030 US 1,347.77 $1,346.08
675232AB8 OCEANEERING INTL INC 6.00000 02/01/2028 US 3,369.42 $2,358.60
6821506 SONY CORP FIRST SECTION JP 6758 JP 128.04 $8,838.49
68389X105 ORACLE CORP US ORCL 130.67 $7,221.92
69318FAH1 PBF HOLDING CO LLC 6.00000 02/15/2028 US 1,684.71 $1,398.31
69327RAJ0 PDC ENERGY INC 5.75000 05/15/2026 US 1,684.71 $1,533.09
693475105 PNC FINANCIAL SERVICES GROUP US PNC 27.09 $2,850.15
693506107 PPG INDUSTRIES INC US PPG 20.01 $2,122.72
701094104 PARKER HANNIFIN CORP US PH 12.2 $2,235.40
7021963 DEUTSCHE BOERSE AG DE DB1 GR 1,280.04 $231,656.98
70450Y103 PAYPAL HOLDINGS INC US PYPL 2,786.17 $485,435.21
7123870 NESTLE SA-REGISTERED CH NESN SW 2,346.47 $260,154.06
713448108 PEPSICO INC US PEP 1,098.77 $145,323.10
717081103 PFIZER INC US PFE 338.29 $11,062.08
719245AD4 PHOTO HOLDINGS MERGER SU 8.50000 10/01/2026 US 2,695.54 $2,543.91
71943U104 PHYSICIANS REALTY TRUST US DOC 97.38 $1,706.03
71953LAA9 PICASSO FINANCE SUB INC 6.12500 06/15/2025 US 3,032.48 $3,100.71
723787107 PIONEER NATURAL RESOURCES CO US PXD 1,569.48 $153,337.86
73179PAM8 POLYONE CORP 5.75000 05/15/2025 US 2,021.65 $2,079.78
733174AK2 POPULAR INC 6.12500 09/14/2023 PR 1,684.71 $1,701.56
741503AZ9 BOOKING HOLDINGS INC 3.60000 06/01/2026 US 31,672.56 $34,758.08
74166MAE6 PRIME SECSRVC BRW/FINANC 6.25000 01/15/2028 US 3,369.42 $3,175.68
74340W103 PROLOGIS US PLD 187.47 $17,497.01
74460D109 PUBLIC STORAGE INC US PSA 30.66 $5,883.68
747525103 QUALCOMM INC US QCOM 61.39 $5,599.46
74834L100 QUEST DIAGNOSTICS INC US DGX 17.86 $2,035.09
750236AW1 RADIAN GROUP INC 4.87500 03/15/2027 US 4,380.25 $4,117.43
75513E101 RAYTHEON TECHNOLOGIES CORP US RTX 103.58 $6,382.35
756109104 REALTY INCOME CORP US O 33.02 $1,964.71
758849103 REGENCY CENTERS CORP US REG 36.05 $1,654.46
7591EP100 REGIONS FINANCIAL CORP. US RF 119.68 $1,330.86
76131D103 RESTAURANT BRANDS INTERN CA QSR 311.33 $17,008.21
76169C100 REXFORD INDUSTRIAL REALITY IN US REXR 104.45 $4,327.45
7698356 GETINGE AB-B SHS SE GETIB SS 754.75 $14,064.30
773903109 ROCKWELL AUTOMATION INC US ROK 12.4 $2,641.09
780259107 ROYAL DUTCH SHELL PLC-ADR B NL RDS/B 1,629.79 $49,627.08
783513203 RYANAIR HOLDINGS - ADR IE RYAAY 2,717.78 $180,297.22
78409V104 S&P GLOBAL INC US SPGI 749.36 $246,898.91
78410G104 SBA COMMUNICATIONS CORP US SBAC 789.79 $235,294.95
78442PGC4 SLM CORP 5.12500 04/05/2022 US 3,369.42 $3,335.73
785592AV8 SABINE PASS LIQUEFACTION 5.87500 06/30/2026 US 41,780.83 $49,092.47
79466L302 SALESFORCE.COM US CRM 778.67 $145,868.87
806857108 SCHLUMBERGER LTD NL SLB 3,806.17 $69,995.39
808625AA5 SCIENCE APPLICATIONS INT 4.87500 04/01/2028 US 2,021.65 $2,009.64
81141R100 SEA LTD - ADR SG SE 1,978.19 $212,140.81
812578102 SEATTLE GENETICS INC US SGEN 793.5 $134,831.31
81762P102 SERVICENOW INC US NOW 1,033.4 $418,589.64
83088M102 SKYWORKS SOLUTIONS INC US SWKS 15.77 $2,016.21
832696405 JM SMUCKER CO/THE-NEW COM WI US SJM 15.84 $1,675.64
84265V105 SOUTHERN COPPER CORPORATION US SCCO 3,395.7 $135,047.11
85172FAN9 SPRINGLEAF FINANCE CORP 7.12500 03/15/2026 US 3,369.42 $3,487.32
85207UAH8 SPRINT CORP 7.12500 06/15/2024 US 2,358.6 $2,663.18
852234103 SQUARE INC - A US SQ 886.83 $93,064.12
85254J102 STAG INDUSTRIAL INC US STAG 69.41 $2,035.10
854502101 STANLEY WORKS/THE US SWK 14.96 $2,085.16
85571BAL9 STARWOOD PROPERTY TRUST 4.75000 03/15/2025 US 3,369.42 $3,066.17
85571BAP0 STARWOOD PROPERTY TRUST 3.62500 02/01/2021 US 1,684.71 $1,655.23
857949BL0 SS INT BEARING FD .022% 01/02/15 US 156,883.25 $156,883.25
862121100 STORE CAPITAL CORP US STOR 63.01 $1,500.22
866674104 SUN COMMUNITIES US SUI 58.29 $7,908.92
867892101 SUNSTONE HOTEL INVESTORS INC US SHO 118.27 $963.87
87105L104 SWITCH INC - A US SWCH 104.18 $1,856.53
871829107 SYSCO CORP US SYY 47.31 $2,585.78
872540109 TJX COMPANIES INC US TJX 3,731.3 $188,654.39
872540AR0 TJX COS INC 3.50000 04/15/2025 US 19,542.64 $21,753.93
87422VAJ7 TALEN ENERGY SUPPLY LLC 7.62500 06/01/2028 US 3,032.48 $3,032.48
87854WAA1 TECHNIPLAS LLC 10.00000 05/01/2020 US 1,347.77 $299.88
88032WAN6 TENCENT HOLDINGS 3.97500 04/11/2029 KY 26,281.49 $29,457.74
88146M101 TERRENO REALTY CORP US TRNO 32.01 $1,684.98
882508104 TEXAS INSTRUMENTS INC US TXN 65.5 $8,316.73
883556102 THERMO FISHER SCIENTIFIC INC US TMO 420.84 $152,487.44
88579Y101 3M CO US MMM 42.32 $6,601.49
89151E109 TOTAL S A SPONSORED ADR FR TOT 2,424.97 $93,264.45
892231AA9 TOWNSQUARE MEDIA INC 6.50000 04/01/2023 US 3,032.48 $2,607.93
89417E109 TRAVELLERS COS INC US TRV 22.78 $2,597.75
89832Q109 TRUIST FINANCIAL CORP US TFC 116.38 $4,370.06
901109AF5 TUTOR PERINI CORP 6.87500 05/01/2025 US 5,728.02 $5,455.94
902494103 TYSON FOODS INC -CL A US TSN 37.06 $2,213.07
902653104 UDR INC US UDR 60.78 $2,272.12
902973304 U.S. BANCORP US USB 121.3 $4,466.24
904767704 UNILEVER PLC - ADR GB UL 4,351.2 $238,794.05
907818108 UNION PAC CORP US UNP 46.84 $7,918.39
912810RX8 US TREASURY N/B 3.00000 05/15/2047 US 72,779.5 $99,201.88
912828K74 US TREASURY N/B 2.00000 08/15/2025 US 495,776.68 $538,188.83
912828R36 US TREASURY N/B 1.62500 05/15/2026 US 375,892.66 $402,836.53
912828WJ5 US TREASURY N/B 2.50000 05/15/2024 US 357,832.56 $389,324.62
91324P102 UNITEDHEALTH GROUP INC US UNH 581.23 $171,432.37
91704F104 URBAN EDGE PROPERTIES US UE 147.24 $1,747.78
918204108 VF CORP US VFC 43.8 $2,669.32
91913Y100 VALERO ENERGY US VLO 42.59 $2,505.11
92343VDU5 VERIZON COMMUNICATIONS 5.25000 03/16/2037 US 45,150.25 $60,445.41
92511U102 VERRA MOBILITY CORP US VRRM 10,652.49 $109,507.63
92532F100 VERTEX PHARMACEUTICALS INC US VRTX 406.02 $117,870.30
92826C839 VISA INC - CLASS A SHARES US V 1,579.92 $305,193.48
92840JAA7 VISTAJET MALTA/XO MGMT 10.50000 06/01/2024 MUL 2,021.65 $1,819.49
92840VAG7 VISTRA OPERATIONS CO LLC 3.70000 01/30/2027 US 2,021.65 $2,081.96
929160109 VULCAN MATERIALS CO US VMC 1,241.97 $143,882.08
931142103 WAL MART STORES US WMT 125.07 $14,981.24
94106L109 WASTE MANAGEMENT INC US WM 38.68 $4,096.70
949746101 WELLS FARGO COMPANY US WFC 259.11 $6,633.18
95040Q104 WELLTOWER INC. US WELL 79.11 $4,094.15
95081QAP9 WESCO DISTRIBUTION INC 7.25000 06/15/2028 US 2,021.65 $2,137.90
955306105 WEST PHARMACEUTICAL SERVICES US WST 415.45 $94,377.70
962178AN9 TRI POINTE GROUP / HOMES 5.87500 06/15/2024 US 3,032.48 $3,114.39
966387AH5 WHITING PETROLEUM CORP 5.75000 03/15/2021 US 10,782.15 $2,075.56
96949LAD7 WILLIAMS PARTNERS LP 3.75000 06/15/2027 US 27,629.26 $29,580.26
98212BAM5 WPX ENERGY 5.87500 06/15/2028 US 1,010.83 $971.35
98311A105 WYNDHAM HOTELS & RESORTS INC US WH 78.37 $3,340.25
983919101 XILINX INC US XLNX 21.63 $2,128.34
B02J639 ADMIRAL GROUP PLC GB ADM LN 932.66 $26,449.06
B1KFX13 GRUPO AEROPORTUARIO DEL CENT MX OMAB MM 1,226.47 $5,700.53
B1Y47Y7 GERRESHEIMER AG DE GXI GR 203.85 $18,838.80
B1Y9TB3 DANONE FR BN FP 279.86 $19,426.17
B3QJ0H8 TOURMALINE OIL CORP CA TOU CN 1,968.08 $17,207.64
B4YVF56 BRENNTAG AG DE BNR GR 3,710.07 $196,707.35
B63QM77 NEXON CO LTD JP 3659 JP 13,983.1 $315,408.79
BBQ3850 KEYWORDS STUDIOS PLC IE KWS LN 216.99 $4,871.97
BGHQ198 HIBERNIA REIT PLC IE HBRN ID 1,390.22 $1,755.16
BJ2KSG2 AKZO NOBEL NL AKZA NA 167.73 $15,068.88
BMMV2K8 TENCENT HOLDINGS LTD CN 700 HK 5,920.81 $379,393.46
BMTRW10 B&M EUROPEAN VALUE RETAIL SA GB BME LN 2,745.74 $13,515.61
BNGN9Z1 FINECOBANK SPA IT FBK IM 2,198.21 $29,750.59
BP9DL90 INDUSTRIA DE DISENO TEXTIL ES ITX SM 5,082.44 $134,853.95
BVYVFW2 AUTO TRADER GROUP PLC GB AUTO LN 1,298.91 $8,456.87
BYYHL23 ANHEUSER-BUSCH INBEV SA/NV BE ABI BB 3,166.11 $156,077.24
BZ0VW78 BINGO INDUSTRIES LTD AU BIN AU 6,121.9 $9,179.78
BZ1HM42 ADYEN NV NL ADYEN NA 6.07 $8,827.47
G0772R208 BANK OF N.T. BUTTERFIELD&SON BM NTB 524.62 $12,795.46
G1151C101 ACCENTURE PLC - CL A IE ACN 788.44 $169,294.83
G29183103 EATON CORP PLC US ETN 41.24 $3,607.83
G51502105 JOHNSON CONTROLS INTERNATIONAL US JCI 90.57 $3,092.06
G5494J103 LINDE PLC GB LIN 27.22 $5,774.68
G5960L103 MEDTRONIC INC IE MDT 2,173.75 $199,332.74
G85158106 STONECO LTD-A BR STNE 254.39 $9,860.21
G8994E103 TRANE TECHNOLOGIES IE TT 20.62 $1,834.84
G97822103 PERRIGO CO PLC IE PRGO 238.56 $13,184.94
H01301128 ALCON INC CH ALC 2,010.53 $115,243.80
H1467J104 CHUBB LTD CH CB 33.69 $4,266.36
H2906T109 GARMIN LTD CH GRMN 17.72 $1,728.01
N53745100 LYONDELLBASELL INDU-CL A US LYB 40.97 $2,692.69

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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