Investment Objective

To provide capital growth and manage risk for investors planning to retire (or meet another investment goal) 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 2060
  • 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

$14.38

Daily $ Change

$0.17

Daily % Change

1.18%

as of 04/09/2020

CUSIP

302028824

Inception Date

10/06/2015

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 03/31/2020

YTD

-15.54%

1 Year

-4.60%

3 Year

5.32%

5 Year

4.73%

10 Year

7.13%

Inception
(01/01/2000)

6.79%

US Stock Market Cycle (04/01/2000 - 03/31/2020)

6.93%

Performance through the inception date of the Retirement Target CIT Class I units is based on the historical performance of the CIT’s oldest unit class. Performance through the inception date of the oldest unit class (09/18/2015) 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 I 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 0.80%
Net 0.69%*

*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 03/31/2020

TREASURY NOTES 5.11%
FACEBOOK INC -A 2.33%
COCA COLA CO/THE 2.28%
MICROSOFT CORP 2.13%
MONDELEZ INTERNATIONAL INC 2.12%
NEXON CO LTD 2.07%
CABOT OIL & GAS CORP 1.87%
BOOKING HOLDINGS INC 1.87%
AMAZON.COM INC 1.84%
JOHNSON & JOHNSON 1.73%

This investment list is unaudited and excludes cash.

Asset Allocation

As of 03/31/2020

Stocks 88.20%
Bonds 11.80%

Detailed Asset Class Allocation

As of 03/31/2020

International Equities 26.32%
Small Capitalization 0.83%
Mid Capitalization 4.76%
Large Capitalization 56.28%
Long Term Fixed Income 2.38%
Intermediate Term Fixed Income 5.92%
Short Term Fixed Income 3.51%

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

March Fund Holdings

As of 03/31/2020

CUSIP Security Description Country Ticker Shares/Par Market Value (USD)
00101JAK2 ADT SEC CORP 6.25000 10/15/2021 US 448.99 $438.89
00206RDQ2 AT&T INC 4.25000 03/01/2027 US 15,265.69 $16,214.74
00287Y109 ABBVIE INC US ABBV 42.65 $3,249.82
004239109 ACADIA REALTY TRUST US AKR 37.86 $469.15
00489LAA1 ACRISURE LLC / FIN INC 7.00000 11/15/2025 US 448.99 $386.13
00507V109 ACTIVISION INC US ATVI 1,786.53 $106,263.08
00774MAG0 AERCAP IRELAND CAP / GLOBA 4.45000 10/01/2025 IE 9,279.14 $7,856.19
00791GAA5 AG MERGER SUB II INC 10.75000 08/01/2027 US 598.65 $520.83
008492100 AGREE REALTY CORP US ADC 10.18 $629.96
00912XAV6 AIR LEASE CORP 3.62500 04/01/2027 US 9,578.47 $8,045.00
00912XBA1 AIR LEASE CORP 3.25000 03/01/2025 US 897.98 $703.77
013092AC5 ALBERTSONS COS/SAFEWAY 4.62500 01/15/2027 US 598.65 $595.66
015271109 ALEXANDRIA REAL EST EQUITIES US ARE 3.89 $533.34
01609W102 ALIBABA GROUP - ADR CN BABA 226.44 $44,038.26
01609WAT9 ALIBABA GROUP HOLDING 3.40000 12/06/2027 KY 11,973.09 $12,550.60
020002101 ALLSTATE CORPORATION US ALL 12.54 $1,150.46
02005NBF6 ALLY FINANCIAL INC 5.75000 11/20/2025 US 748.32 $732.00
02079K107 ALPHABET INC-CL C US GOOG 74.68 $86,841.15
02079K305 ALPHABET INC-CL A US GOOGL 74.83 $86,950.82
02154CAE3 ALTICE FINANCING SA 7.50000 05/15/2026 LU 748.32 $725.05
023135106 AMAZON.COM INC US AMZN 75.43 $147,068.29
02319V103 AMBEV SA-ADR BR ABEV 22,666.86 $52,133.77
0237400 DIAGEO PLC GB DGE LN 1,962.06 $62,215.85
024835100 AMERICAN CAMPUS COMMUNITIES US ACC 37.57 $1,042.44
02665T306 AMERICAN HOMES 4 RENT- A US AMH 79.47 $1,843.74
03019LAA4 AMERICAN TANKER INC 9.25000 02/22/2022 US 299.33 $269.40
03027X100 AMERICAN TOWER REIT INC US AMT 439.26 $95,649.46
03027XAW0 AMERICAN TOWER CORP 3.80000 08/15/2029 US 15,864.34 $16,059.47
03064D108 AMERICOLD REALTY TRUST US COLD 57.62 $1,961.40
032654105 ANALOG DEVICES INC US ADI 11.76 $1,054.60
03690AAD8 ANTERO MIDSTREAM PART / FI 5.75000 03/01/2027 US 448.99 $287.35
03690AAF3 ANTERO MIDSTREAM PART/FI 5.75000 01/15/2028 US 598.65 $383.14
03748R754 APARTMENT INVT & MGMT CO -A US AIV 39.51 $1,388.82
039483102 ARCHER-DANIELS-MIDLAND CO US ADM 25.44 $895.08
045086AF2 ASHTON WOODS USA/FINANCE 6.75000 08/01/2025 US 598.65 $478.92
053015103 AUTOMATIC DATA PROCESSING US ADP 11.25 $1,538.29
053332102 AUTOZONE INC US AZO 72.59 $61,408.48
053484101 AVALONBAY COMMUNITIES INC US AVB 16.61 $2,444.89
05401AAJ0 AVOLON HOLDINGS FNDG LTD 3.25000 02/15/2027 KY 10,775.78 $8,450.72
055622104 BP PLC-SPONS ADR GB BP 607.34 $14,812.90
05722G100 BAKER HUGHES CO US BKR 52.74 $553.79
060505104 BANK OF AMERICA CORP US BAC 186.69 $3,963.44
06051GFM6 BANK OF AMERICA CORP 4.00000 01/22/2025 US 23,946.18 $25,200.75
084670702 BERKSHIRE HATHAWAY INC-CL B US BRK/B 683.96 $125,048.91
086516101 BEST BUY INC US BBY 14.16 $807.02
09061G101 BIOMARIN PHARMACEUTICAL INC US BMRN 872.54 $73,729.54
09247X101 BLACKROCK INC US BLK 246.8 $108,582.54
0946580 WEIR GROUP PLC/THE GB WEIR LN 344.38 $3,062.92
09857L108 BOOKING HOLDINGS INC US BKNG 111.05 $149,398.34
101121101 BOSTON PROPERTIES INC US BXP 17.45 $1,609.49
101137107 BOSTON SCIENTIFIC CORP US BSX 963.38 $31,435.24
105368203 BRANDYWINE REALTY TRUST US BDN 89.35 $939.95
110122108 BRISTOL MYERS SQUIBB CO US BMY 57.83 $3,223.45
11680JAA0 BRUIN E&P PARTNERS LLC 8.87500 08/01/2023 US 1,496.64 $104.76
1248EPCE1 CCO HLDGS LLC/CAP CORP 4.50000 08/15/2030 US 448.99 $440.01
12503M108 CBOE GLOBAL MARKETS INC US CBOE 668.55 $59,667.86
12527GAC7 CF INDUSTRIES 3.45000 06/01/2023 US 748.32 $735.27
12541W209 C.H. ROBINSON WORLDWIDE INC US CHRW 9.52 $630.13
12572Q105 CME GROUP INC US CME 333.45 $57,656.94
127097103 CABOT OIL & GAS CORP US COG 8,710.12 $149,727.02
131477AT8 CALUMET SPECIALTY PROD 11.00000 04/15/2025 US 748.32 $539.05
133131102 CAMDEN PROPERTY TRUST US CPT 24.99 $1,980.51
13321L108 CAMECO CORP CA CCJ 597.37 $4,563.89
14180LAA4 CARGO AIRCRAFT MANAGEMENT 4.75000 02/01/2028 US 1,197.31 $1,110.50
143905AN7 CARRIAGE SERVICES INC 6.62500 06/01/2026 US 748.32 $735.22
149123101 CATERPILLAR INC US CAT 19.49 $2,261.18
156700AW6 CENTURYLINK INC 5.62500 04/01/2020 US 448.99 $448.99
16119P108 CHARTER COMMUNICATIONS INC-A US CHTR 85.76 $37,416.75
166764100 CHEVRON CORP US CVX 463.66 $33,596.65
172062101 CINCINNATI FINANCIAL CORP US CINF 6.97 $526.21
17275R102 CISCO SYSTEMS INC US CSCO 108 $4,245.37
172967424 CITIGROUP INC US C 56.09 $2,362.68
172967EW7 CITIGROUP INC 8.12500 07/15/2039 US 4,489.91 $7,042.64
191216100 COCA COLA CO/THE US KO 4,117.85 $182,214.64
194162103 COLGATE-PALMOLIVE CO US CL 30.29 $2,010.17
20030N101 COMCAST CORP-CL A US CMCSA 85.04 $2,923.64
20030NCY5 COMCAST CORP 3.25000 11/01/2039 US 12,571.74 $12,977.61
20369C106 COMMUNITY HEALTHCARE TRUST I US CHCT 30.23 $1,157.28
20451NAG6 COMPASS MINERALS INTERNA 6.75000 12/01/2027 US 748.32 $675.54
205887102 CONAGRA BRAND INC. US CAG 27.06 $793.92
20825C104 CONOCOPHILLIPS US COP 1,075.39 $33,122.10
21036P108 CONSTELLATION BRANDS INC-A US STZ 272.75 $39,101.01
217204106 COPART INC US CPRT 502.72 $34,446.38
222795502 COUSINS PROPERTIES INC US CUZ 59.39 $1,738.24
225310AN1 CREDIT ACCEPTANC 5.12500 12/31/2024 US 448.99 $408.58
22822V101 CROWN CASTLE INTL CORP US CCI 11.22 $1,620.86
22822VAN1 CROWN CASTLE INTL CORP 3.10000 11/15/2029 US 17,360.98 $16,630.83
231021106 CUMMINS INC US CMI 7.69 $1,040.98
23110AAA4 CUMULUS MEDIA NEW HLDGS 6.75000 07/01/2026 US 1,197.31 $1,071.59
2347608 FIRST QUANTUM MINERALS LTD CA FM CN 277.48 $1,417.65
253868103 DIGITAL REALTY TRUST INC US DLR 25.29 $3,513.47
254687106 WALT DISNEY CO/THE US DIS 552.86 $53,406.03
254709AP3 DISCOVER FINANCIAL SVS 4.50000 01/30/2026 US 897.98 $915.92
25470DAT6 DISCOVERY COMMUNICATIONS 5.20000 09/20/2047 US 14,667.04 $14,778.11
256677105 DOLLAR GENERAL CORP US DG 908.61 $137,208.87
256746108 DOLLAR TREE STORES INC US DLTR 1,440.06 $105,801.46
25787GAC4 DONNELLEY FINANCIAL SOL 8.25000 10/15/2024 US 1,496.64 $1,406.84
25960P109 DOUGLAS EMMETT INC US DEI 39.21 $1,196.35
260003108 DOVER CORP US DOV 6.29 $527.64
26151AAA7 DRAX FINCO PLC 6.62500 11/01/2025 GB 5,986.55 $6,001.51
26875P101 EOG RESOURCES INC US EOG 1,458.77 $52,399.07
2715777 QUEBECOR INC -CL B CA QBR/B CN 2,618.51 $57,885.31
2801836 SHAW COMMUNICATIONS INC-B CA SJR/B CN 3,418.17 $55,451.41
285512109 ELECTRONIC ARTS US EA 1,288.6 $129,079.44
2866857 LUNDIN MINING CORP CA LUN CN 355.75 $1,337.26
291011104 EMERSON ELEC CO US EMR 28.53 $1,359.26
29273RAR0 ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 US 10,775.78 $9,811.69
29413XAD9 ENVIVA PARTNERS LP/FIN C 6.50000 01/15/2026 US 748.32 $729.61
29444U700 EQUINIX INC US EQIX 139.52 $87,137.78
29472R108 EQUITY LIFESTYLE PROPERTIES US ELS 29.18 $1,677.52
29476L107 EQUITY RESIDENTIAL US EQR 26.19 $1,616.25
29670E107 ESSENTIAL PROPERTIES REALTY US EPRT 50.23 $655.97
297178105 ESSEX PROPERTY TRUST INC US ESS 4.7 $1,035.00
30212P303 EXPEDIA INC US EXPE 1,459.52 $82,127.17
30212PAP0 EXPEDIA INC 3.80000 02/15/2028 US 9,279.14 $8,020.82
30225T102 EXTRA SPACE STORAGE INC US EXR 5.39 $515.94
30303M102 FACEBOOK INC -A US FB 1,116.64 $186,255.60
311900104 FASTENAL CO US FAST 31.07 $970.94
315786AC7 FIDELITY & GUARA NTY LIFE 5.50000 05/01/2025 US 1,197.31 $1,182.70
316773100 FIFTH THIRD BANCORP US FITB 35.62 $528.96
32054K103 FIRST INDUSTRIAL REALTY TR US FR 20.2 $671.40
33834YAA6 FIVE POINT OP CO LP/FIVE 7.87500 11/15/2025 US 748.32 $643.55
339750101 FLOOR & DECOR HOLDINGS INC -A US FND 1,028.04 $32,989.79
346232AE1 FORESTAR GROUP INC 5.00000 03/01/2028 US 748.32 $621.38
34960PAB7 FORTRESS TRANS & INFRAST 6.50000 10/01/2025 US 1,047.65 $767.40
35166FAA0 FOXTROT ESCROW ISSUER 12.25000 11/15/2026 US 1,047.65 $817.16
35671D857 FREEPORT-MCMORAN INC US FCX 4,672.2 $31,537.34
36166LAA5 GEMS MENASA KY LTD/GEMS 7.12500 07/31/2026 AE 748.32 $622.97
369550108 GENERAL DYNAMICS CORP US GD 10.39 $1,374.26
369604BQ5 GENERAL ELECTRIC CO 5.00000 01/21/2021 US 7,483.18 $6,173.62
370334104 GENERAL MLS INC US GIS 26.04 $1,374.21
37185LAL6 GENESIS ENERGY LP/FIN 7.75000 02/01/2028 US 748.32 $520.98
372460105 GENUINE PARTS CO US GPC 9.73 $655.00
374297109 GETTY REALTY CORP US GTY 21.7 $515.19
375558103 GILEAD SCIENCES INC US GILD 38.37 $2,868.82
384802104 WW GRAINGER INC US GWW 2.22 $550.43
388689101 GRAPHIC PACKAGING HOLDING CO US GPK 4,318.39 $52,684.41
38869PAK0 GRAPHIC PACKAGING INTERN 4.75000 04/15/2021 US 598.65 $591.35
398433AN2 GRIFFON CORPORATION 5.75000 03/01/2028 US 897.98 $844.10
400506101 GRUPO AEROPORTUARIO PAC-ADR MX PAC 30.68 $1,654.94
40051E202 GRUPO AEROPORTUARIO DEL SURESTE MX ASR 19.61 $1,845.70
4031976 ADIDAS AG DE ADS GR 249.04 $55,293.79
404119BX6 HCA INC 4.12500 06/15/2029 US 11,973.09 $11,993.72
404139AD9 HC2 HOLDINGS INC 11.50000 12/01/2021 US 448.99 $417.56
416515104 HARTFORD FINL SVCS US HIG 18.29 $644.50
421946104 HEALTHCARE REALTY TRUST INC US HR 29.48 $823.48
42225P501 HEALTHCARE TRUST OF AMERICA US HTA 19.31 $468.76
42250P103 HEALTHPEAK PROPERTIES INC US PEAK 70.79 $1,688.36
427866108 HERSHEY CO/THE US HSY 9.58 $1,269.15
43300A203 HILTON WORLDWIDE HOLDINGS INC US HLT 13.02 $888.53
437076102 HOME DEPOT INC US HD 25.71 $4,800.73
438516106 HONEYWELL INTERNATIONAL INC US HON 21.91 $2,931.44
440452100 HORMEL FOODS CORP US HRL 18.59 $866.95
44107P104 HOST MARRIOTT CORP US HST 53.43 $589.87
450913AE8 IAMGOLD CORP 7.00000 04/15/2025 CA 748.32 $695.94
452308109 ILLINOIS TOOL WKS INC US ITW 12.54 $1,782.44
45337C102 INCYTE CORP US INCY 328.36 $24,045.95
45682RAA8 INFRABUILD AUSTRALIA PTY 12.00000 10/01/2024 AU 748.32 $594.91
45781V101 INNOVATIVE INDUSTRIAL PROPER US IIPR 11.91 $904.57
458140100 INTEL CORP US INTC 100.01 $5,412.28
45866F104 INTERCONTINENTALEXCHANGE INC US ICE 699.53 $56,486.87
459200101 INTERNATIONAL BUSINESS MACH CORP US IBM 27.21 $3,018.28
459506101 INTERNATIONAL FLVRS & FRAGRANCES US IFF 4.67 $476.66
46120E602 INTUITIVE SURGICAL INC US ISRG 51.93 $25,717.88
46187W107 INVITATION HOMES INC US INVH 116.65 $2,492.76
46284PAP9 IRON MOUNTAIN INC 5.75000 08/15/2024 US 897.98 $893.49
46625H100 JP MORGAN CHASE & CO US JPM 61.69 $5,554.07
46647PAY2 JPMORGAN CHASE & CO 4.02300 12/05/2024 US 11,973.09 $12,686.40
4741844 MERCK KGAA DE MRK GR 355.9 $35,932.45
476405105 JERNIGAN CAPITAL INC US JCAP 52.38 $574.11
478160104 JOHNSON & JOHNSON US JNJ 1,054.65 $138,296.21
47987LAA9 JONAH NRG LLC/FINANCE 7.25000 10/15/2025 US 1,047.65 $47.14
482480100 KLA-TENCOR CORPORATION US KLAC 7.69 $1,105.75
487526AB1 KEHE DISTRIBUTORS LLC/FI 8.62500 10/15/2026 US 748.32 $752.06
49427F108 KILROY REALTY CORP US KRC 36.94 $2,352.89
494368103 KIMBERLY CLARK CORP US KMB 13.11 $1,676.44
494550AW6 KINDER MORGAN ENER PART 6.95000 01/15/2038 US 12,871.07 $13,387.17
501044101 KROGER CO US KR 38.07 $1,146.80
50187TAE6 LGI HOMES INC 6.87500 07/15/2026 US 1,346.97 $1,171.87
505742AD8 LADDER CAP FIN LLLP/CORP 5.87500 08/01/2021 US 748.32 $628.59
5107401 BEIERSDORF AG DE BEI GR 748.62 $75,378.95
516806AG1 LAREDO PETROLEUM INC 10.12500 01/15/2028 US 748.32 $284.36
53223X107 LIFE STORAGE INC US LSI 4.79 $452.82
532457108 ELI LILLY & CO US LLY 18.8 $2,607.62
539830109 LOCKHEED MARTIN CORP US LMT 8.38 $2,840.80
54238XAC2 LONESTAR RESOURCES AMERICA 11.25000 01/01/2023 US 448.99 $81.94
550021109 LULULEMON - ADR CA LULU 620.42 $117,599.77
56585A102 MARATHON PETROLEUM CORP US MPC 31.94 $754.38
57636Q104 MASTERCARD INC-CLASS A US MA 562.59 $135,898.17
58933Y105 MERCK & CO INC US MRK 397.06 $30,549.61
594918104 MICROSOFT CORP US MSFT 1,076.83 $169,826.82
595112103 MICRON TECHNOLOGY INC US MU 2,974.27 $125,097.59
59522J103 MID-AMERICA APARTMENT COMM US MAA 7.63 $786.41
60871R209 MOLSON COORS BREWING CO -B US TAP 13.5 $526.62
609207105 MONDELEZ INTERNATIONAL INC US MDLZ 3,383.12 $169,426.46
615369105 MOODY'S CORPORATION US MCO 349.46 $73,911.75
61965RAA3 MOSS CREEK RESOURCES HLD 7.50000 01/15/2026 US 448.99 $130.21
62426EAA3 MOUNTAIN PROVINCE DIAMON 8.00000 12/15/2022 CA 448.99 $323.27
6253983 ARISTOCRAT LEISURE LTD AU ALL AU 266.1 $3,448.06
6356934 FANUC LTD JP 6954 JP 20.95 $2,799.85
637417106 NATIONAL RETAIL PROPERTIES US NNN 17.06 $549.21
63938CAA6 NAVIENT CORP 5.00000 10/26/2020 US 748.32 $737.09
63938CAH1 NAVIENT CORP 6.75000 06/25/2025 US 448.99 $413.07
64110D104 NETAPP INC US NTAP 13.17 $549.07
6490995 KEYENCE CORP JP 6861 JP 20.95 $6,736.62
65342QAK8 NEXTERA ENERGY OPERATING 4.25000 07/15/2024 US 598.65 $583.69
65409QBB7 NIELSEN FINANCE LLC/CO 5.00000 04/15/2022 US 748.32 $689.81
654106103 NIKE INC CLASS B US NKE 1,337.84 $110,693.14
655844108 NORFOLK SOUTHN CORP US NSC 7.72 $1,127.51
6642321 NIKON CORP JP 7731 JP 4,025.95 $36,951.25
66727WAA0 NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 CA 1,047.65 $513.35
66987V109 NOVARTIS AG- REG CH NVS 975.06 $80,393.57
670346105 NUCOR CORP US NUE 18.8 $677.09
67059TAD7 NUSTAR LOGISTICS LP 6.75000 02/01/2021 US 448.99 $356.95
67066G104 NVIDIA CORP US NVDA 233.18 $61,465.17
67401PAB4 OAKTREE SPECIALTY LEND 3.50000 02/25/2025 US 748.32 $671.19
6742340 SHANDONG WEIGAO CN 1066 HK 4,908.97 $6,162.51
675232AB8 OCEANEERING INTL INC 6.00000 02/01/2028 US 748.32 $286.54
6821506 SONY CORP FIRST SECTION JP 6758 JP 143.68 $8,510.51
68245XAE9 1011778 BC / NEW RED FIN 5.00000 10/15/2025 CA 748.32 $714.64
68389X105 ORACLE CORP US ORCL 58.04 $2,805.05
69318FAH1 PBF HOLDING CO LLC 6.00000 02/15/2028 US 748.32 $493.89
693475105 PNC FINANCIAL SERVICES GROUP US PNC 12.03 $1,151.79
7021963 DEUTSCHE BOERSE AG DE DB1 GR 568.57 $78,112.81
70450Y103 PAYPAL HOLDINGS INC US PYPL 1,237.57 $118,484.81
7123870 NESTLE SA-REGISTERED CH NESN SW 858.17 $87,849.10
713448108 PEPSICO INC US PEP 406.34 $48,801.04
717081103 PFIZER INC US PFE 139.34 $4,547.95
719245AD4 PHOTO HOLDINGS MERGER SU 8.50000 10/01/2026 US 748.32 $606.14
71943U104 PHYSICIANS REALTY TRUST US DOC 58.22 $811.57
733174AK2 POPULAR INC 6.12500 09/14/2023 PR 748.32 $692.19
741503AZ9 BOOKING HOLDINGS INC 3.60000 06/01/2026 US 14,068.38 $13,720.80
74166MAB2 PRIME SECSRVC BRW/FINANC 5.25000 04/15/2024 US 748.32 $739.18
74166MAC0 PRIME SECSRVC BRW/FINANC 5.75000 04/15/2026 US 448.99 $440.01
74166MAE6 PRIME SECSRVC BRW/FINANC 6.25000 01/15/2028 US 1,047.65 $903.59
74340W103 PROLOGIS US PLD 71.9 $5,778.47
74460D109 PUBLIC STORAGE INC US PSA 12.42 $2,467.15
747525103 QUALCOMM INC US QCOM 27.27 $1,844.73
74834L100 QUEST DIAGNOSTICS INC US DGX 7.93 $636.95
750236AW1 RADIAN GROUP INC 4.87500 03/15/2027 US 1,047.65 $1,031.93
755111507 RAYTHEON COMPANY US RTN 8.59 $1,126.67
756109104 REALTY INCOME CORP US O 11.37 $567.13
7591EP100 REGIONS FINANCIAL CORP. US RF 53.16 $476.85
76131D103 RESTAURANT BRANDS INTERN CA QSR 138.29 $5,535.72
76169C100 REXFORD INDUSTRIAL REALITY IN US REXR 6.44 $263.92
7698356 GETINGE AB-B SHS SE GETIB SS 247.09 $4,672.34
773903109 ROCKWELL AUTOMATION INC US ROK 5.51 $831.16
780259107 ROYAL DUTCH SHELL PLC-ADR B NL RDS/B 457.52 $14,942.66
783513203 RYANAIR HOLDINGS - ADR IE RYAAY 1,207.19 $64,089.55
78409V104 S&P GLOBAL INC US SPGI 298.43 $73,130.09
78410G104 SBA COMMUNICATIONS CORP US SBAC 350.81 $94,708.59
78410GAC8 SBA COMMUNICATIONS CORP 3.87500 02/15/2027 US 598.65 $600.15
78442PGC4 SLM CORP 5.12500 04/05/2022 US 1,047.65 $900.98
785592AV8 SABINE PASS LIQUEFACTION 5.87500 06/30/2026 US 18,558.29 $16,791.54
79466L302 SALESFORCE.COM US CRM 345.87 $49,798.74
80282KAE6 SANTANDER HOLDINGS USA 4.50000 07/17/2025 US 15,864.34 $16,184.91
806857108 SCHLUMBERGER LTD NL SLB 2,037.55 $27,486.56
808625AA5 SCIENCE APPLICATIONS INT 4.87500 04/01/2028 US 897.98 $862.06
81141R100 SEA LTD - ADR SG SE 918.64 $40,704.73
812578102 SEATTLE GENETICS INC US SGEN 352.46 $40,666.58
81762P102 SERVICENOW INC US NOW 459.02 $131,545.47
828806109 SIMON PROPERTY GROUP INC US SPG 17.36 $952.42
832696405 JM SMUCKER CO/THE-NEW COM WI US SJM 7.03 $780.80
835699307 SONY CORP SPONSORED ADR JP SNE 1,837.57 $108,747.39
84265V105 SOUTHERN COPPER CORPORATION US SCCO 1,508.31 $42,474.01
84265VAD7 SOUTHERN COPPER CORP 5.37500 04/16/2020 US 11,075.11 $11,019.77
85172FAN9 SPRINGLEAF FINANCE CORP 7.12500 03/15/2026 US 748.32 $740.83
852061AR1 SPRINT COMMUNICATIONS 7.00000 08/15/2020 US 1,197.31 $1,198.03
85207UAE5 SPRINT CORP 7.25000 09/15/2021 US 448.99 $462.77
85207UAH8 SPRINT CORP 7.12500 06/15/2024 US 748.32 $821.39
852234103 SQUARE INC - A US SQ 393.91 $20,633.25
85254J102 STAG INDUSTRIAL INC US STAG 24.84 $559.49
855030AN2 STAPLES INC 7.50000 04/15/2026 US 748.32 $661.33
85571BAP0 STARWOOD PROPERTY TRUST 3.62500 02/01/2021 US 1,197.31 $1,119.60
862121100 STORE CAPITAL CORP US STOR 41.61 $753.91
866674104 SUN COMMUNITIES US SUI 21.85 $2,728.08
867892101 SUNSTONE HOTEL INVESTORS INC US SHO 44.15 $384.55
871829107 SYSCO CORP US SYY 21.01 $958.81
872540AR0 TJX COS INC 3.50000 04/15/2025 US 8,680.49 $8,872.92
87854WAA1 TECHNIPLAS LLC 10.00000 05/01/2020 US 598.65 $410.08
88032WAN6 TENCENT HOLDINGS 3.97500 04/11/2029 KY 11,673.76 $13,025.02
88146M101 TERRENO REALTY CORP US TRNO 4.94 $255.59
882508104 TEXAS INSTRUMENTS INC US TXN 29.09 $2,907.42
883556102 THERMO FISHER SCIENTIFIC INC US TMO 186.93 $53,013.31
88579Y101 3M CO US MMM 18.8 $2,566.08
89151E109 TOTAL S A SPONSORED ADR FR TOT 1,180.7 $43,969.13
892231AA9 TOWNSQUARE MEDIA INC 6.50000 04/01/2023 US 1,197.31 $1,149.42
89417E109 TRAVELLERS COS INC US TRV 10.12 $1,005.15
89832Q109 TRUIST FINANCIAL CORP US TFC 51.69 $1,594.24
901109AF5 TUTOR PERINI CORP 6.87500 05/01/2025 US 1,496.64 $1,242.21
902494103 TYSON FOODS INC -CL A US TSN 16.46 $952.71
902653104 UDR INC US UDR 21.91 $800.62
902973304 U.S. BANCORP US USB 53.88 $1,856.13
904767704 UNILEVER PLC - ADR GB UL 1,932.73 $97,737.96
907818108 UNION PAC CORP US UNP 20.8 $2,934.09
912810FS2 TSY INFL IX N/B 2.00000 01/15/2026 US 42,211.99 $46,953.53
912810QV3 UNITED STATES TREAS INFL INDEX 0.75000 02/15/2042 US 28,329.41 $31,727.01
912810RX8 US TREASURY N/B 3.00000 05/15/2047 US 53,579.58 $74,270.50
912828K74 US TREASURY N/B 2.00000 08/15/2025 US 145,233.58 $157,255.06
912828YN4 US TREASURY FRN 0.42504 10/31/2021 US 250,686.57 $251,409.66
913017109 UNITED TECHNOLOGIES CORP US UTX 25.95 $2,448.02
91324P102 UNITEDHEALTH GROUP INC US UNH 219.56 $54,753.01
91704F104 URBAN EDGE PROPERTIES US UE 50.14 $441.71
918204108 VF CORP US VFC 19.46 $1,052.20
91911KAK8 BAUSCH HEALTH COS INC 7.00000 03/15/2024 CA 748.32 $762.34
91913Y100 VALERO ENERGY US VLO 18.92 $858.10
92276F100 VENTAS INC US VTR 12.9 $345.75
92339V100 VEREIT INC US VER 96.83 $473.51
92343VDU5 VERIZON COMMUNICATIONS 5.25000 03/16/2037 US 20,054.93 $25,472.17
92511U102 VERRA MOBILITY CORP US VRRM 7,183.55 $51,290.58
92532F100 VERTEX PHARMACEUTICALS INC US VRTX 180.34 $42,913.01
92826C839 VISA INC - CLASS A SHARES US V 701.77 $113,069.62
92840JAA7 VISTAJET MALTA/XO MGMT 10.50000 06/01/2024 MUL 748.32 $605.20
92840VAB8 VISTRA OPERATIONS CO LLC 5.62500 02/15/2027 US 748.32 $771.70
931142103 WAL MART STORES US WMT 51.3 $5,829.24
94106L109 WASTE MANAGEMENT INC US WM 17.18 $1,590.31
94856UAA9 WEEKLEY HOMES LLC/ FINAN 6.62500 08/15/2025 US 748.32 $673.49
949746101 WELLS FARGO COMPANY US WFC 115.09 $3,303.12
95040Q104 WELLTOWER INC. US WELL 28.32 $1,296.32
955306105 WEST PHARMACEUTICAL SERVICES US WST 184.54 $28,095.49
962178AN9 TRI POINTE GROUP / HOMES 5.87500 06/15/2024 US 448.99 $417.10
966387AH5 WHITING PETROLEUM CORP 5.75000 03/15/2021 US 748.32 $50.29
96949LAD7 WILLIAMS PARTNERS LP 3.75000 06/15/2027 US 12,272.42 $11,241.96
98311A105 WYNDHAM HOTELS & RESORTS INC US WH 18.11 $570.62
983793AD2 XPO LOGISTICS INC 6.50000 06/15/2022 US 748.32 $750.19
B02J639 ADMIRAL GROUP PLC GB ADM LN 414.27 $11,408.99
B1KFX13 GRUPO AEROPORTUARIO DEL CENT MX OMAB MM 544.78 $1,843.59
B1Y47Y7 GERRESHEIMER AG DE GXI GR 71.69 $4,520.59
B1Y9TB3 DANONE FR BN FP 124.31 $7,955.67
B3QJ0H8 TOURMALINE OIL CORP CA TOU CN 589.08 $3,616.58
B4YVF56 BRENNTAG AG DE BNR GR 1,647.95 $59,873.45
B63QM77 NEXON CO LTD JP 3659 JP 10,147.19 $165,813.69
B7KR2P8 EASY JET PLC GB EZJ LN 8,159.36 $56,540.66
BBQ3850 KEYWORDS STUDIOS PLC IE KWS LN 96.38 $1,706.14
BD3HF92 BSR REAL ESTATE INVESTMENT CA HOM/U CN 43.7 $382.39
BGHQ198 HIBERNIA REIT PLC IE HBRN ID 510.8 $589.27
BGJW376 MEITUAN DIANPING - CLASS B CN 3690 HK 146.67 $1,748.49
BJ2KSG2 AKZO NOBEL NL AKZA NA 64.03 $4,210.92
BMMV2K8 TENCENT HOLDINGS LTD CN 700 HK 2,602.98 $128,659.07
BMTRW10 B&M EUROPEAN VALUE RETAIL SA GB BME LN 1,219.61 $4,142.05
BNGN9Z1 FINECOBANK SPA IT FBK IM 4,090.76 $36,804.91
BP9DL90 INDUSTRIA DE DISENO TEXTIL ES ITX SM 1,932.16 $50,069.27
BVYVFW2 AUTO TRADER GROUP PLC GB AUTO LN 576.95 $3,117.73
BYYHL23 ANHEUSER-BUSCH INBEV SA/NV BE ABI BB 1,406.33 $62,117.44
BZ0VW78 BINGO INDUSTRIES LTD AU BIN AU 2,719.24 $3,189.88
BZ1HM42 ADYEN NV NL ADYEN NA 2.69 $2,289.57
G0772R208 BANK OF N.T. BUTTERFIELD&SON BM NTB 183.64 $3,127.34
G1151C101 ACCENTURE PLC - CL A IE ACN 344.53 $56,247.26
G29183103 EATON CORP PLC US ETN 18.32 $1,423.19
G51502105 JOHNSON CONTROLS INTERNATIONAL US JCI 40.23 $1,084.59
G5494J103 LINDE PLC GB LIN 12.09 $2,092.06
G5960L103 MEDTRONIC INC IE MDT 839.37 $75,694.70
G66721104 NORWEGIAN CRUISE LINE HOLDINGS US NCLH 662.86 $7,264.95
G8994E103 TRANE TECHNOLOGIES IE TT 9.16 $756.48
G97822103 PERRIGO CO PLC IE PRGO 105.96 $5,095.71
H01301128 ALCON INC CH ALC 862.96 $43,855.65
H1467J104 CHUBB LTD CH CB 14.97 $1,671.59
H2906T109 GARMIN LTD CH GRMN 7.87 $590.11
N53745100 LYONDELLBASELL INDU-CL A US LYB 18.2 $903.22
V7780T103 ROYAL CARIBBEAN CRUISES LTD US RCL 288.1 $9,268.26

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

$14.38

Daily $ Change

$0.17

Daily % Change

1.18%

as of 04/09/2020

CUSIP

302028824

Inception Date

10/06/2015

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 (or meet another investment goal) 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 2060
  • 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 03/31/2020

YTD

-15.54%

1 Year

-4.60%

3 Year

5.32%

5 Year

4.73%

10 Year

7.13%

Inception
(01/01/2000)

6.79%

US Stock Market Cycle (04/01/2000 - 03/31/2020)

6.93%

Performance through the inception date of the Retirement Target CIT Class I units is based on the historical performance of the CIT’s oldest unit class. Performance through the inception date of the oldest unit class (09/18/2015) 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 I 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 0.80%
Net 0.69%*

*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 03/31/2020

TREASURY NOTES 5.11%
FACEBOOK INC -A 2.33%
COCA COLA CO/THE 2.28%
MICROSOFT CORP 2.13%
MONDELEZ INTERNATIONAL INC 2.12%
NEXON CO LTD 2.07%
CABOT OIL & GAS CORP 1.87%
BOOKING HOLDINGS INC 1.87%
AMAZON.COM INC 1.84%
JOHNSON & JOHNSON 1.73%

This investment list is unaudited and excludes cash.

Asset Allocation

As of 03/31/2020

Stocks
88.20%
Bonds
11.80%

Detailed Asset Class Allocation

As of 03/31/2020

International Equities
26.32%
Small Capitalization
0.83%
Mid Capitalization
4.76%
Large Capitalization
56.28%
Long Term Fixed Income
2.38%
Intermediate Term Fixed Income
5.92%
Short Term Fixed Income
3.51%

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

March Fund Holdings

As of 03/31/2020

CUSIP Security Description Country Ticker Shares/Par Market Value (USD)
00101JAK2 ADT SEC CORP 6.25000 10/15/2021 US 448.99 $438.89
00206RDQ2 AT&T INC 4.25000 03/01/2027 US 15,265.69 $16,214.74
00287Y109 ABBVIE INC US ABBV 42.65 $3,249.82
004239109 ACADIA REALTY TRUST US AKR 37.86 $469.15
00489LAA1 ACRISURE LLC / FIN INC 7.00000 11/15/2025 US 448.99 $386.13
00507V109 ACTIVISION INC US ATVI 1,786.53 $106,263.08
00774MAG0 AERCAP IRELAND CAP / GLOBA 4.45000 10/01/2025 IE 9,279.14 $7,856.19
00791GAA5 AG MERGER SUB II INC 10.75000 08/01/2027 US 598.65 $520.83
008492100 AGREE REALTY CORP US ADC 10.18 $629.96
00912XAV6 AIR LEASE CORP 3.62500 04/01/2027 US 9,578.47 $8,045.00
00912XBA1 AIR LEASE CORP 3.25000 03/01/2025 US 897.98 $703.77
013092AC5 ALBERTSONS COS/SAFEWAY 4.62500 01/15/2027 US 598.65 $595.66
015271109 ALEXANDRIA REAL EST EQUITIES US ARE 3.89 $533.34
01609W102 ALIBABA GROUP - ADR CN BABA 226.44 $44,038.26
01609WAT9 ALIBABA GROUP HOLDING 3.40000 12/06/2027 KY 11,973.09 $12,550.60
020002101 ALLSTATE CORPORATION US ALL 12.54 $1,150.46
02005NBF6 ALLY FINANCIAL INC 5.75000 11/20/2025 US 748.32 $732.00
02079K107 ALPHABET INC-CL C US GOOG 74.68 $86,841.15
02079K305 ALPHABET INC-CL A US GOOGL 74.83 $86,950.82
02154CAE3 ALTICE FINANCING SA 7.50000 05/15/2026 LU 748.32 $725.05
023135106 AMAZON.COM INC US AMZN 75.43 $147,068.29
02319V103 AMBEV SA-ADR BR ABEV 22,666.86 $52,133.77
0237400 DIAGEO PLC GB DGE LN 1,962.06 $62,215.85
024835100 AMERICAN CAMPUS COMMUNITIES US ACC 37.57 $1,042.44
02665T306 AMERICAN HOMES 4 RENT- A US AMH 79.47 $1,843.74
03019LAA4 AMERICAN TANKER INC 9.25000 02/22/2022 US 299.33 $269.40
03027X100 AMERICAN TOWER REIT INC US AMT 439.26 $95,649.46
03027XAW0 AMERICAN TOWER CORP 3.80000 08/15/2029 US 15,864.34 $16,059.47
03064D108 AMERICOLD REALTY TRUST US COLD 57.62 $1,961.40
032654105 ANALOG DEVICES INC US ADI 11.76 $1,054.60
03690AAD8 ANTERO MIDSTREAM PART / FI 5.75000 03/01/2027 US 448.99 $287.35
03690AAF3 ANTERO MIDSTREAM PART/FI 5.75000 01/15/2028 US 598.65 $383.14
03748R754 APARTMENT INVT & MGMT CO -A US AIV 39.51 $1,388.82
039483102 ARCHER-DANIELS-MIDLAND CO US ADM 25.44 $895.08
045086AF2 ASHTON WOODS USA/FINANCE 6.75000 08/01/2025 US 598.65 $478.92
053015103 AUTOMATIC DATA PROCESSING US ADP 11.25 $1,538.29
053332102 AUTOZONE INC US AZO 72.59 $61,408.48
053484101 AVALONBAY COMMUNITIES INC US AVB 16.61 $2,444.89
05401AAJ0 AVOLON HOLDINGS FNDG LTD 3.25000 02/15/2027 KY 10,775.78 $8,450.72
055622104 BP PLC-SPONS ADR GB BP 607.34 $14,812.90
05722G100 BAKER HUGHES CO US BKR 52.74 $553.79
060505104 BANK OF AMERICA CORP US BAC 186.69 $3,963.44
06051GFM6 BANK OF AMERICA CORP 4.00000 01/22/2025 US 23,946.18 $25,200.75
084670702 BERKSHIRE HATHAWAY INC-CL B US BRK/B 683.96 $125,048.91
086516101 BEST BUY INC US BBY 14.16 $807.02
09061G101 BIOMARIN PHARMACEUTICAL INC US BMRN 872.54 $73,729.54
09247X101 BLACKROCK INC US BLK 246.8 $108,582.54
0946580 WEIR GROUP PLC/THE GB WEIR LN 344.38 $3,062.92
09857L108 BOOKING HOLDINGS INC US BKNG 111.05 $149,398.34
101121101 BOSTON PROPERTIES INC US BXP 17.45 $1,609.49
101137107 BOSTON SCIENTIFIC CORP US BSX 963.38 $31,435.24
105368203 BRANDYWINE REALTY TRUST US BDN 89.35 $939.95
110122108 BRISTOL MYERS SQUIBB CO US BMY 57.83 $3,223.45
11680JAA0 BRUIN E&P PARTNERS LLC 8.87500 08/01/2023 US 1,496.64 $104.76
1248EPCE1 CCO HLDGS LLC/CAP CORP 4.50000 08/15/2030 US 448.99 $440.01
12503M108 CBOE GLOBAL MARKETS INC US CBOE 668.55 $59,667.86
12527GAC7 CF INDUSTRIES 3.45000 06/01/2023 US 748.32 $735.27
12541W209 C.H. ROBINSON WORLDWIDE INC US CHRW 9.52 $630.13
12572Q105 CME GROUP INC US CME 333.45 $57,656.94
127097103 CABOT OIL & GAS CORP US COG 8,710.12 $149,727.02
131477AT8 CALUMET SPECIALTY PROD 11.00000 04/15/2025 US 748.32 $539.05
133131102 CAMDEN PROPERTY TRUST US CPT 24.99 $1,980.51
13321L108 CAMECO CORP CA CCJ 597.37 $4,563.89
14180LAA4 CARGO AIRCRAFT MANAGEMENT 4.75000 02/01/2028 US 1,197.31 $1,110.50
143905AN7 CARRIAGE SERVICES INC 6.62500 06/01/2026 US 748.32 $735.22
149123101 CATERPILLAR INC US CAT 19.49 $2,261.18
156700AW6 CENTURYLINK INC 5.62500 04/01/2020 US 448.99 $448.99
16119P108 CHARTER COMMUNICATIONS INC-A US CHTR 85.76 $37,416.75
166764100 CHEVRON CORP US CVX 463.66 $33,596.65
172062101 CINCINNATI FINANCIAL CORP US CINF 6.97 $526.21
17275R102 CISCO SYSTEMS INC US CSCO 108 $4,245.37
172967424 CITIGROUP INC US C 56.09 $2,362.68
172967EW7 CITIGROUP INC 8.12500 07/15/2039 US 4,489.91 $7,042.64
191216100 COCA COLA CO/THE US KO 4,117.85 $182,214.64
194162103 COLGATE-PALMOLIVE CO US CL 30.29 $2,010.17
20030N101 COMCAST CORP-CL A US CMCSA 85.04 $2,923.64
20030NCY5 COMCAST CORP 3.25000 11/01/2039 US 12,571.74 $12,977.61
20369C106 COMMUNITY HEALTHCARE TRUST I US CHCT 30.23 $1,157.28
20451NAG6 COMPASS MINERALS INTERNA 6.75000 12/01/2027 US 748.32 $675.54
205887102 CONAGRA BRAND INC. US CAG 27.06 $793.92
20825C104 CONOCOPHILLIPS US COP 1,075.39 $33,122.10
21036P108 CONSTELLATION BRANDS INC-A US STZ 272.75 $39,101.01
217204106 COPART INC US CPRT 502.72 $34,446.38
222795502 COUSINS PROPERTIES INC US CUZ 59.39 $1,738.24
225310AN1 CREDIT ACCEPTANC 5.12500 12/31/2024 US 448.99 $408.58
22822V101 CROWN CASTLE INTL CORP US CCI 11.22 $1,620.86
22822VAN1 CROWN CASTLE INTL CORP 3.10000 11/15/2029 US 17,360.98 $16,630.83
231021106 CUMMINS INC US CMI 7.69 $1,040.98
23110AAA4 CUMULUS MEDIA NEW HLDGS 6.75000 07/01/2026 US 1,197.31 $1,071.59
2347608 FIRST QUANTUM MINERALS LTD CA FM CN 277.48 $1,417.65
253868103 DIGITAL REALTY TRUST INC US DLR 25.29 $3,513.47
254687106 WALT DISNEY CO/THE US DIS 552.86 $53,406.03
254709AP3 DISCOVER FINANCIAL SVS 4.50000 01/30/2026 US 897.98 $915.92
25470DAT6 DISCOVERY COMMUNICATIONS 5.20000 09/20/2047 US 14,667.04 $14,778.11
256677105 DOLLAR GENERAL CORP US DG 908.61 $137,208.87
256746108 DOLLAR TREE STORES INC US DLTR 1,440.06 $105,801.46
25787GAC4 DONNELLEY FINANCIAL SOL 8.25000 10/15/2024 US 1,496.64 $1,406.84
25960P109 DOUGLAS EMMETT INC US DEI 39.21 $1,196.35
260003108 DOVER CORP US DOV 6.29 $527.64
26151AAA7 DRAX FINCO PLC 6.62500 11/01/2025 GB 5,986.55 $6,001.51
26875P101 EOG RESOURCES INC US EOG 1,458.77 $52,399.07
2715777 QUEBECOR INC -CL B CA QBR/B CN 2,618.51 $57,885.31
2801836 SHAW COMMUNICATIONS INC-B CA SJR/B CN 3,418.17 $55,451.41
285512109 ELECTRONIC ARTS US EA 1,288.6 $129,079.44
2866857 LUNDIN MINING CORP CA LUN CN 355.75 $1,337.26
291011104 EMERSON ELEC CO US EMR 28.53 $1,359.26
29273RAR0 ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 US 10,775.78 $9,811.69
29413XAD9 ENVIVA PARTNERS LP/FIN C 6.50000 01/15/2026 US 748.32 $729.61
29444U700 EQUINIX INC US EQIX 139.52 $87,137.78
29472R108 EQUITY LIFESTYLE PROPERTIES US ELS 29.18 $1,677.52
29476L107 EQUITY RESIDENTIAL US EQR 26.19 $1,616.25
29670E107 ESSENTIAL PROPERTIES REALTY US EPRT 50.23 $655.97
297178105 ESSEX PROPERTY TRUST INC US ESS 4.7 $1,035.00
30212P303 EXPEDIA INC US EXPE 1,459.52 $82,127.17
30212PAP0 EXPEDIA INC 3.80000 02/15/2028 US 9,279.14 $8,020.82
30225T102 EXTRA SPACE STORAGE INC US EXR 5.39 $515.94
30303M102 FACEBOOK INC -A US FB 1,116.64 $186,255.60
311900104 FASTENAL CO US FAST 31.07 $970.94
315786AC7 FIDELITY & GUARA NTY LIFE 5.50000 05/01/2025 US 1,197.31 $1,182.70
316773100 FIFTH THIRD BANCORP US FITB 35.62 $528.96
32054K103 FIRST INDUSTRIAL REALTY TR US FR 20.2 $671.40
33834YAA6 FIVE POINT OP CO LP/FIVE 7.87500 11/15/2025 US 748.32 $643.55
339750101 FLOOR & DECOR HOLDINGS INC -A US FND 1,028.04 $32,989.79
346232AE1 FORESTAR GROUP INC 5.00000 03/01/2028 US 748.32 $621.38
34960PAB7 FORTRESS TRANS & INFRAST 6.50000 10/01/2025 US 1,047.65 $767.40
35166FAA0 FOXTROT ESCROW ISSUER 12.25000 11/15/2026 US 1,047.65 $817.16
35671D857 FREEPORT-MCMORAN INC US FCX 4,672.2 $31,537.34
36166LAA5 GEMS MENASA KY LTD/GEMS 7.12500 07/31/2026 AE 748.32 $622.97
369550108 GENERAL DYNAMICS CORP US GD 10.39 $1,374.26
369604BQ5 GENERAL ELECTRIC CO 5.00000 01/21/2021 US 7,483.18 $6,173.62
370334104 GENERAL MLS INC US GIS 26.04 $1,374.21
37185LAL6 GENESIS ENERGY LP/FIN 7.75000 02/01/2028 US 748.32 $520.98
372460105 GENUINE PARTS CO US GPC 9.73 $655.00
374297109 GETTY REALTY CORP US GTY 21.7 $515.19
375558103 GILEAD SCIENCES INC US GILD 38.37 $2,868.82
384802104 WW GRAINGER INC US GWW 2.22 $550.43
388689101 GRAPHIC PACKAGING HOLDING CO US GPK 4,318.39 $52,684.41
38869PAK0 GRAPHIC PACKAGING INTERN 4.75000 04/15/2021 US 598.65 $591.35
398433AN2 GRIFFON CORPORATION 5.75000 03/01/2028 US 897.98 $844.10
400506101 GRUPO AEROPORTUARIO PAC-ADR MX PAC 30.68 $1,654.94
40051E202 GRUPO AEROPORTUARIO DEL SURESTE MX ASR 19.61 $1,845.70
4031976 ADIDAS AG DE ADS GR 249.04 $55,293.79
404119BX6 HCA INC 4.12500 06/15/2029 US 11,973.09 $11,993.72
404139AD9 HC2 HOLDINGS INC 11.50000 12/01/2021 US 448.99 $417.56
416515104 HARTFORD FINL SVCS US HIG 18.29 $644.50
421946104 HEALTHCARE REALTY TRUST INC US HR 29.48 $823.48
42225P501 HEALTHCARE TRUST OF AMERICA US HTA 19.31 $468.76
42250P103 HEALTHPEAK PROPERTIES INC US PEAK 70.79 $1,688.36
427866108 HERSHEY CO/THE US HSY 9.58 $1,269.15
43300A203 HILTON WORLDWIDE HOLDINGS INC US HLT 13.02 $888.53
437076102 HOME DEPOT INC US HD 25.71 $4,800.73
438516106 HONEYWELL INTERNATIONAL INC US HON 21.91 $2,931.44
440452100 HORMEL FOODS CORP US HRL 18.59 $866.95
44107P104 HOST MARRIOTT CORP US HST 53.43 $589.87
450913AE8 IAMGOLD CORP 7.00000 04/15/2025 CA 748.32 $695.94
452308109 ILLINOIS TOOL WKS INC US ITW 12.54 $1,782.44
45337C102 INCYTE CORP US INCY 328.36 $24,045.95
45682RAA8 INFRABUILD AUSTRALIA PTY 12.00000 10/01/2024 AU 748.32 $594.91
45781V101 INNOVATIVE INDUSTRIAL PROPER US IIPR 11.91 $904.57
458140100 INTEL CORP US INTC 100.01 $5,412.28
45866F104 INTERCONTINENTALEXCHANGE INC US ICE 699.53 $56,486.87
459200101 INTERNATIONAL BUSINESS MACH CORP US IBM 27.21 $3,018.28
459506101 INTERNATIONAL FLVRS & FRAGRANCES US IFF 4.67 $476.66
46120E602 INTUITIVE SURGICAL INC US ISRG 51.93 $25,717.88
46187W107 INVITATION HOMES INC US INVH 116.65 $2,492.76
46284PAP9 IRON MOUNTAIN INC 5.75000 08/15/2024 US 897.98 $893.49
46625H100 JP MORGAN CHASE & CO US JPM 61.69 $5,554.07
46647PAY2 JPMORGAN CHASE & CO 4.02300 12/05/2024 US 11,973.09 $12,686.40
4741844 MERCK KGAA DE MRK GR 355.9 $35,932.45
476405105 JERNIGAN CAPITAL INC US JCAP 52.38 $574.11
478160104 JOHNSON & JOHNSON US JNJ 1,054.65 $138,296.21
47987LAA9 JONAH NRG LLC/FINANCE 7.25000 10/15/2025 US 1,047.65 $47.14
482480100 KLA-TENCOR CORPORATION US KLAC 7.69 $1,105.75
487526AB1 KEHE DISTRIBUTORS LLC/FI 8.62500 10/15/2026 US 748.32 $752.06
49427F108 KILROY REALTY CORP US KRC 36.94 $2,352.89
494368103 KIMBERLY CLARK CORP US KMB 13.11 $1,676.44
494550AW6 KINDER MORGAN ENER PART 6.95000 01/15/2038 US 12,871.07 $13,387.17
501044101 KROGER CO US KR 38.07 $1,146.80
50187TAE6 LGI HOMES INC 6.87500 07/15/2026 US 1,346.97 $1,171.87
505742AD8 LADDER CAP FIN LLLP/CORP 5.87500 08/01/2021 US 748.32 $628.59
5107401 BEIERSDORF AG DE BEI GR 748.62 $75,378.95
516806AG1 LAREDO PETROLEUM INC 10.12500 01/15/2028 US 748.32 $284.36
53223X107 LIFE STORAGE INC US LSI 4.79 $452.82
532457108 ELI LILLY & CO US LLY 18.8 $2,607.62
539830109 LOCKHEED MARTIN CORP US LMT 8.38 $2,840.80
54238XAC2 LONESTAR RESOURCES AMERICA 11.25000 01/01/2023 US 448.99 $81.94
550021109 LULULEMON - ADR CA LULU 620.42 $117,599.77
56585A102 MARATHON PETROLEUM CORP US MPC 31.94 $754.38
57636Q104 MASTERCARD INC-CLASS A US MA 562.59 $135,898.17
58933Y105 MERCK & CO INC US MRK 397.06 $30,549.61
594918104 MICROSOFT CORP US MSFT 1,076.83 $169,826.82
595112103 MICRON TECHNOLOGY INC US MU 2,974.27 $125,097.59
59522J103 MID-AMERICA APARTMENT COMM US MAA 7.63 $786.41
60871R209 MOLSON COORS BREWING CO -B US TAP 13.5 $526.62
609207105 MONDELEZ INTERNATIONAL INC US MDLZ 3,383.12 $169,426.46
615369105 MOODY'S CORPORATION US MCO 349.46 $73,911.75
61965RAA3 MOSS CREEK RESOURCES HLD 7.50000 01/15/2026 US 448.99 $130.21
62426EAA3 MOUNTAIN PROVINCE DIAMON 8.00000 12/15/2022 CA 448.99 $323.27
6253983 ARISTOCRAT LEISURE LTD AU ALL AU 266.1 $3,448.06
6356934 FANUC LTD JP 6954 JP 20.95 $2,799.85
637417106 NATIONAL RETAIL PROPERTIES US NNN 17.06 $549.21
63938CAA6 NAVIENT CORP 5.00000 10/26/2020 US 748.32 $737.09
63938CAH1 NAVIENT CORP 6.75000 06/25/2025 US 448.99 $413.07
64110D104 NETAPP INC US NTAP 13.17 $549.07
6490995 KEYENCE CORP JP 6861 JP 20.95 $6,736.62
65342QAK8 NEXTERA ENERGY OPERATING 4.25000 07/15/2024 US 598.65 $583.69
65409QBB7 NIELSEN FINANCE LLC/CO 5.00000 04/15/2022 US 748.32 $689.81
654106103 NIKE INC CLASS B US NKE 1,337.84 $110,693.14
655844108 NORFOLK SOUTHN CORP US NSC 7.72 $1,127.51
6642321 NIKON CORP JP 7731 JP 4,025.95 $36,951.25
66727WAA0 NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 CA 1,047.65 $513.35
66987V109 NOVARTIS AG- REG CH NVS 975.06 $80,393.57
670346105 NUCOR CORP US NUE 18.8 $677.09
67059TAD7 NUSTAR LOGISTICS LP 6.75000 02/01/2021 US 448.99 $356.95
67066G104 NVIDIA CORP US NVDA 233.18 $61,465.17
67401PAB4 OAKTREE SPECIALTY LEND 3.50000 02/25/2025 US 748.32 $671.19
6742340 SHANDONG WEIGAO CN 1066 HK 4,908.97 $6,162.51
675232AB8 OCEANEERING INTL INC 6.00000 02/01/2028 US 748.32 $286.54
6821506 SONY CORP FIRST SECTION JP 6758 JP 143.68 $8,510.51
68245XAE9 1011778 BC / NEW RED FIN 5.00000 10/15/2025 CA 748.32 $714.64
68389X105 ORACLE CORP US ORCL 58.04 $2,805.05
69318FAH1 PBF HOLDING CO LLC 6.00000 02/15/2028 US 748.32 $493.89
693475105 PNC FINANCIAL SERVICES GROUP US PNC 12.03 $1,151.79
7021963 DEUTSCHE BOERSE AG DE DB1 GR 568.57 $78,112.81
70450Y103 PAYPAL HOLDINGS INC US PYPL 1,237.57 $118,484.81
7123870 NESTLE SA-REGISTERED CH NESN SW 858.17 $87,849.10
713448108 PEPSICO INC US PEP 406.34 $48,801.04
717081103 PFIZER INC US PFE 139.34 $4,547.95
719245AD4 PHOTO HOLDINGS MERGER SU 8.50000 10/01/2026 US 748.32 $606.14
71943U104 PHYSICIANS REALTY TRUST US DOC 58.22 $811.57
733174AK2 POPULAR INC 6.12500 09/14/2023 PR 748.32 $692.19
741503AZ9 BOOKING HOLDINGS INC 3.60000 06/01/2026 US 14,068.38 $13,720.80
74166MAB2 PRIME SECSRVC BRW/FINANC 5.25000 04/15/2024 US 748.32 $739.18
74166MAC0 PRIME SECSRVC BRW/FINANC 5.75000 04/15/2026 US 448.99 $440.01
74166MAE6 PRIME SECSRVC BRW/FINANC 6.25000 01/15/2028 US 1,047.65 $903.59
74340W103 PROLOGIS US PLD 71.9 $5,778.47
74460D109 PUBLIC STORAGE INC US PSA 12.42 $2,467.15
747525103 QUALCOMM INC US QCOM 27.27 $1,844.73
74834L100 QUEST DIAGNOSTICS INC US DGX 7.93 $636.95
750236AW1 RADIAN GROUP INC 4.87500 03/15/2027 US 1,047.65 $1,031.93
755111507 RAYTHEON COMPANY US RTN 8.59 $1,126.67
756109104 REALTY INCOME CORP US O 11.37 $567.13
7591EP100 REGIONS FINANCIAL CORP. US RF 53.16 $476.85
76131D103 RESTAURANT BRANDS INTERN CA QSR 138.29 $5,535.72
76169C100 REXFORD INDUSTRIAL REALITY IN US REXR 6.44 $263.92
7698356 GETINGE AB-B SHS SE GETIB SS 247.09 $4,672.34
773903109 ROCKWELL AUTOMATION INC US ROK 5.51 $831.16
780259107 ROYAL DUTCH SHELL PLC-ADR B NL RDS/B 457.52 $14,942.66
783513203 RYANAIR HOLDINGS - ADR IE RYAAY 1,207.19 $64,089.55
78409V104 S&P GLOBAL INC US SPGI 298.43 $73,130.09
78410G104 SBA COMMUNICATIONS CORP US SBAC 350.81 $94,708.59
78410GAC8 SBA COMMUNICATIONS CORP 3.87500 02/15/2027 US 598.65 $600.15
78442PGC4 SLM CORP 5.12500 04/05/2022 US 1,047.65 $900.98
785592AV8 SABINE PASS LIQUEFACTION 5.87500 06/30/2026 US 18,558.29 $16,791.54
79466L302 SALESFORCE.COM US CRM 345.87 $49,798.74
80282KAE6 SANTANDER HOLDINGS USA 4.50000 07/17/2025 US 15,864.34 $16,184.91
806857108 SCHLUMBERGER LTD NL SLB 2,037.55 $27,486.56
808625AA5 SCIENCE APPLICATIONS INT 4.87500 04/01/2028 US 897.98 $862.06
81141R100 SEA LTD - ADR SG SE 918.64 $40,704.73
812578102 SEATTLE GENETICS INC US SGEN 352.46 $40,666.58
81762P102 SERVICENOW INC US NOW 459.02 $131,545.47
828806109 SIMON PROPERTY GROUP INC US SPG 17.36 $952.42
832696405 JM SMUCKER CO/THE-NEW COM WI US SJM 7.03 $780.80
835699307 SONY CORP SPONSORED ADR JP SNE 1,837.57 $108,747.39
84265V105 SOUTHERN COPPER CORPORATION US SCCO 1,508.31 $42,474.01
84265VAD7 SOUTHERN COPPER CORP 5.37500 04/16/2020 US 11,075.11 $11,019.77
85172FAN9 SPRINGLEAF FINANCE CORP 7.12500 03/15/2026 US 748.32 $740.83
852061AR1 SPRINT COMMUNICATIONS 7.00000 08/15/2020 US 1,197.31 $1,198.03
85207UAE5 SPRINT CORP 7.25000 09/15/2021 US 448.99 $462.77
85207UAH8 SPRINT CORP 7.12500 06/15/2024 US 748.32 $821.39
852234103 SQUARE INC - A US SQ 393.91 $20,633.25
85254J102 STAG INDUSTRIAL INC US STAG 24.84 $559.49
855030AN2 STAPLES INC 7.50000 04/15/2026 US 748.32 $661.33
85571BAP0 STARWOOD PROPERTY TRUST 3.62500 02/01/2021 US 1,197.31 $1,119.60
862121100 STORE CAPITAL CORP US STOR 41.61 $753.91
866674104 SUN COMMUNITIES US SUI 21.85 $2,728.08
867892101 SUNSTONE HOTEL INVESTORS INC US SHO 44.15 $384.55
871829107 SYSCO CORP US SYY 21.01 $958.81
872540AR0 TJX COS INC 3.50000 04/15/2025 US 8,680.49 $8,872.92
87854WAA1 TECHNIPLAS LLC 10.00000 05/01/2020 US 598.65 $410.08
88032WAN6 TENCENT HOLDINGS 3.97500 04/11/2029 KY 11,673.76 $13,025.02
88146M101 TERRENO REALTY CORP US TRNO 4.94 $255.59
882508104 TEXAS INSTRUMENTS INC US TXN 29.09 $2,907.42
883556102 THERMO FISHER SCIENTIFIC INC US TMO 186.93 $53,013.31
88579Y101 3M CO US MMM 18.8 $2,566.08
89151E109 TOTAL S A SPONSORED ADR FR TOT 1,180.7 $43,969.13
892231AA9 TOWNSQUARE MEDIA INC 6.50000 04/01/2023 US 1,197.31 $1,149.42
89417E109 TRAVELLERS COS INC US TRV 10.12 $1,005.15
89832Q109 TRUIST FINANCIAL CORP US TFC 51.69 $1,594.24
901109AF5 TUTOR PERINI CORP 6.87500 05/01/2025 US 1,496.64 $1,242.21
902494103 TYSON FOODS INC -CL A US TSN 16.46 $952.71
902653104 UDR INC US UDR 21.91 $800.62
902973304 U.S. BANCORP US USB 53.88 $1,856.13
904767704 UNILEVER PLC - ADR GB UL 1,932.73 $97,737.96
907818108 UNION PAC CORP US UNP 20.8 $2,934.09
912810FS2 TSY INFL IX N/B 2.00000 01/15/2026 US 42,211.99 $46,953.53
912810QV3 UNITED STATES TREAS INFL INDEX 0.75000 02/15/2042 US 28,329.41 $31,727.01
912810RX8 US TREASURY N/B 3.00000 05/15/2047 US 53,579.58 $74,270.50
912828K74 US TREASURY N/B 2.00000 08/15/2025 US 145,233.58 $157,255.06
912828YN4 US TREASURY FRN 0.42504 10/31/2021 US 250,686.57 $251,409.66
913017109 UNITED TECHNOLOGIES CORP US UTX 25.95 $2,448.02
91324P102 UNITEDHEALTH GROUP INC US UNH 219.56 $54,753.01
91704F104 URBAN EDGE PROPERTIES US UE 50.14 $441.71
918204108 VF CORP US VFC 19.46 $1,052.20
91911KAK8 BAUSCH HEALTH COS INC 7.00000 03/15/2024 CA 748.32 $762.34
91913Y100 VALERO ENERGY US VLO 18.92 $858.10
92276F100 VENTAS INC US VTR 12.9 $345.75
92339V100 VEREIT INC US VER 96.83 $473.51
92343VDU5 VERIZON COMMUNICATIONS 5.25000 03/16/2037 US 20,054.93 $25,472.17
92511U102 VERRA MOBILITY CORP US VRRM 7,183.55 $51,290.58
92532F100 VERTEX PHARMACEUTICALS INC US VRTX 180.34 $42,913.01
92826C839 VISA INC - CLASS A SHARES US V 701.77 $113,069.62
92840JAA7 VISTAJET MALTA/XO MGMT 10.50000 06/01/2024 MUL 748.32 $605.20
92840VAB8 VISTRA OPERATIONS CO LLC 5.62500 02/15/2027 US 748.32 $771.70
931142103 WAL MART STORES US WMT 51.3 $5,829.24
94106L109 WASTE MANAGEMENT INC US WM 17.18 $1,590.31
94856UAA9 WEEKLEY HOMES LLC/ FINAN 6.62500 08/15/2025 US 748.32 $673.49
949746101 WELLS FARGO COMPANY US WFC 115.09 $3,303.12
95040Q104 WELLTOWER INC. US WELL 28.32 $1,296.32
955306105 WEST PHARMACEUTICAL SERVICES US WST 184.54 $28,095.49
962178AN9 TRI POINTE GROUP / HOMES 5.87500 06/15/2024 US 448.99 $417.10
966387AH5 WHITING PETROLEUM CORP 5.75000 03/15/2021 US 748.32 $50.29
96949LAD7 WILLIAMS PARTNERS LP 3.75000 06/15/2027 US 12,272.42 $11,241.96
98311A105 WYNDHAM HOTELS & RESORTS INC US WH 18.11 $570.62
983793AD2 XPO LOGISTICS INC 6.50000 06/15/2022 US 748.32 $750.19
B02J639 ADMIRAL GROUP PLC GB ADM LN 414.27 $11,408.99
B1KFX13 GRUPO AEROPORTUARIO DEL CENT MX OMAB MM 544.78 $1,843.59
B1Y47Y7 GERRESHEIMER AG DE GXI GR 71.69 $4,520.59
B1Y9TB3 DANONE FR BN FP 124.31 $7,955.67
B3QJ0H8 TOURMALINE OIL CORP CA TOU CN 589.08 $3,616.58
B4YVF56 BRENNTAG AG DE BNR GR 1,647.95 $59,873.45
B63QM77 NEXON CO LTD JP 3659 JP 10,147.19 $165,813.69
B7KR2P8 EASY JET PLC GB EZJ LN 8,159.36 $56,540.66
BBQ3850 KEYWORDS STUDIOS PLC IE KWS LN 96.38 $1,706.14
BD3HF92 BSR REAL ESTATE INVESTMENT CA HOM/U CN 43.7 $382.39
BGHQ198 HIBERNIA REIT PLC IE HBRN ID 510.8 $589.27
BGJW376 MEITUAN DIANPING - CLASS B CN 3690 HK 146.67 $1,748.49
BJ2KSG2 AKZO NOBEL NL AKZA NA 64.03 $4,210.92
BMMV2K8 TENCENT HOLDINGS LTD CN 700 HK 2,602.98 $128,659.07
BMTRW10 B&M EUROPEAN VALUE RETAIL SA GB BME LN 1,219.61 $4,142.05
BNGN9Z1 FINECOBANK SPA IT FBK IM 4,090.76 $36,804.91
BP9DL90 INDUSTRIA DE DISENO TEXTIL ES ITX SM 1,932.16 $50,069.27
BVYVFW2 AUTO TRADER GROUP PLC GB AUTO LN 576.95 $3,117.73
BYYHL23 ANHEUSER-BUSCH INBEV SA/NV BE ABI BB 1,406.33 $62,117.44
BZ0VW78 BINGO INDUSTRIES LTD AU BIN AU 2,719.24 $3,189.88
BZ1HM42 ADYEN NV NL ADYEN NA 2.69 $2,289.57
G0772R208 BANK OF N.T. BUTTERFIELD&SON BM NTB 183.64 $3,127.34
G1151C101 ACCENTURE PLC - CL A IE ACN 344.53 $56,247.26
G29183103 EATON CORP PLC US ETN 18.32 $1,423.19
G51502105 JOHNSON CONTROLS INTERNATIONAL US JCI 40.23 $1,084.59
G5494J103 LINDE PLC GB LIN 12.09 $2,092.06
G5960L103 MEDTRONIC INC IE MDT 839.37 $75,694.70
G66721104 NORWEGIAN CRUISE LINE HOLDINGS US NCLH 662.86 $7,264.95
G8994E103 TRANE TECHNOLOGIES IE TT 9.16 $756.48
G97822103 PERRIGO CO PLC IE PRGO 105.96 $5,095.71
H01301128 ALCON INC CH ALC 862.96 $43,855.65
H1467J104 CHUBB LTD CH CB 14.97 $1,671.59
H2906T109 GARMIN LTD CH GRMN 7.87 $590.11
N53745100 LYONDELLBASELL INDU-CL A US LYB 18.2 $903.22
V7780T103 ROYAL CARIBBEAN CRUISES LTD US RCL 288.1 $9,268.26

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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