Investment Objective

To provide capital preservation and manage risk for investors who have already reached their target date or who desire minimal capital risk as they move towards a future target date.

Investment Strategy

The portfolio is invested in a conservative mix of securities that seeks preservation of capital, with income and long-term capital growth as secondary objectives. The portfolio is diversified primarily among fixed income securities, typically focusing on short to intermediate-term maturities. A position in various stock investments, which may be focused on dividend paying stocks, adds potential for growth opportunities and income generation. For the most part, this approach favors stability over growth. Stock exposure can range from 15% - 45%.

May be Appropriate for Investors

  • Who have reached their target date or are already in retirement and seek to minimize declines in account value with potential for modest capital growth and income generation
  • Who have a future target date and want to assume a minimal amount of capital risk through limited stock exposure
  • Who prefer to take advantage of professional management through a single, diversified investment portfolio

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.

Learn more about our Glide Range SM

Daily Price

$16.67

Daily $ Change

-$0.03

Daily % Change

-0.18%

as of 01/18/2018

CUSIP

302027651

Inception Date

05/31/2007

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

Important Documents

Annual Report
Fact Sheet
Applications & Forms

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

Annualized Performance

As of 12/31/2017

YTD

---

1 Year

9.11%

3 Year

3.34%

5 Year

4.38%

10 Year

4.84%

Inception
(---)

---

US Stock Market Cycle (04/01/2000 - 12/31/2017)

5.81%

Performance through 06/04/2012 reflects the performance of the Retirement Target Institutional CIT Fund, which was merged into the Retirement Target CIT Fund on 06/04/2012 to establish the Class I units. Performance through the Institutional CIT Fund inception date (05/31/2007) 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. Performance data quoted represents past performance and does not guarantee future results. Your investment may fluctuate in value and there is a potential for loss as well as profit.

Expense Ratio

Gross 0.69%
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 12/31/2017

TREASURY NOTES 14.11%
GOVERNMENT AGENCY 8.98%
TREASURY BONDS 3.51%
KFW 1.50000 06/15/2021 1.05%
SWEDISH EXPORT CREDIT 1.12500 08/28/2019 1.01%
NATIONAL BANK OF CANADA 1.40000 04/20/2018 0.99%
UNITED STATES TREAS INFL INDEX 0.12500 04/15/2020 0.98%
SCGT 2013-SRP1 AJ FLT 3.42703 11/15/2026 0.93%
EXPORT-IMPORT BANK KOREA 2.62500 12/30/2020 0.92%
FACEBOOK INC -A 0.85%

This investment list is unaudited and excludes cash.

Asset Allocation

As of 12/31/2017

Bonds 70.20%
Stocks 28.70%
Cash 1.10%

Detailed Asset Class Allocation

As of 12/31/2017

International Equities 5.24%
Small Capitalization 1.03%
Mid Capitalization 3.49%
Large Capitalization 18.95%
Long Term Fixed Income 15.94%
Intermediate Term Fixed Income 41.43%
Short Term Fixed Income 12.82%
Cash 1.10%

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

December Fund Holdings

As of 12/31/2017

CUSIP Security Description Country Ticker Shares/Par Market Value (USD)
000375204 ABB LTD-SPON ADR CH ABB 2,017.49 $54,109.08
00163UAB2 AMAG PHARMACEUTICALS INC 7.87500 09/01/2023 US 24,216.93 $23,581.23
00206REM0 AT&T INC 3.90000 08/14/2027 US 409,486.21 $412,222.30
00254EML3 SWEDISH EXPORT CREDIT 1.12500 08/28/2019 SE 748,523.18 $736,816.27
00287Y109 ABBVIE INC US ABBV 1,132.47 $109,521.32
00289XAA7 ABENGOA YIELD PLC 7.00000 11/15/2019 GB 198,138.49 $208,788.43
004239109 ACADIA REALTY TRUST US AKR 339.04 $9,276.05
0045614 ANTOFAGASTA PLC GB ANTO LN 3,777.84 $50,985.96
00507VAM1 ACTIVISION BLIZZARD 3.40000 06/15/2027 US 400,680.05 $403,499.19
00772BAF8 AERCAP IRELAND CAP LTD/A 4.50000 05/15/2021 IE 385,269.28 $404,617.04
008492100 AGREE REALTY CORP US ADC 149.7 $7,700.81
00928QAK7 AIRCASTLE LTD 6.25000 12/01/2019 BM 11,007.69 $11,613.12
009563AD9 AIRXCEL INC 8.50000 02/15/2022 US 46,232.31 $49,006.25
013093AD1 ALBERTSONS COS LLC/SAFEW 5.75000 03/15/2025 US 6,604.62 $5,957.36
015271109 ALEXANDRIA REAL EST EQUITIES US ARE 275.19 $35,937.37
01609WAT9 ALIBABA GROUP HOLDING 3.40000 12/06/2027 KY 317,021.58 $316,941.62
01748XAA0 ALLEGIANT TRAVEL CO 5.50000 07/15/2019 US 22,015.39 $22,593.29
020002101 ALLSTATE CORPORATION US ALL 191.53 $20,055.51
02005NAT7 ALLY FINANCIAL INC 3.50000 01/27/2019 US 17,612.31 $17,700.37
02079K107 ALPHABET INC-CL C US GOOG 129.89 $135,917.72
02079K305 ALPHABET INC-CL A US GOOGL 127.69 $134,507.85
023135106 AMAZON.COM INC US AMZN 237.77 $278,060.42
023135BA3 AMAZON.COM INC 3.15000 08/22/2027 US 202,541.57 $202,846.80
02319V103 AMBEV SA-ADR BR ABEV 44,730.86 $288,961.38
0237400 DIAGEO PLC GB DGE LN 10,318.61 $378,221.36
02376RAA0 AMERICAN AIRLINES GROUP 5.50000 10/01/2019 US 22,015.39 $22,620.81
024835100 AMERICAN CAMPUS COMMUNITIES US ACC 334.63 $13,730.03
02665T306 AMERICAN HOMES 4 RENT- A US AMH 1,243.87 $27,166.11
026874784 AMERICAN INTL GROUP INC US AIG 295.01 $17,576.47
026874CY1 AMERICAN INTL GROUP 4.12500 02/15/2024 US 286,200.04 $302,399.86
03027XAH3 AMERICAN TOWER CORP 3.30000 02/15/2021 US 396,276.98 $403,542.98
03040WAQ8 AMERICAN WATER CAPITAL C 2.95000 09/01/2027 US 475,532.37 $470,615.85
03063NAA5 AMERICOLD LLC TRUST 3.84730 01/14/2029 US 18,356.84 $18,738.76
031162100 AMGEN INC US AMGN 493.14 $85,757.86
034863AB6 ANGLO AMERICAN CAPITAL 9.37500 04/08/2019 GB 17,612.31 $19,097.63
034863AT7 ANGLO AMERICAN CAPITAL 4.00000 09/11/2027 GB 400,680.05 $398,003.20
03523TBF4 ANHEUSER-BUSCH INBEV WOR 8.20000 01/15/2039 US 255,378.5 $406,148.08
03748R101 APARTMENT INVT & MGMT CO -A US AIV 691.28 $30,215.99
03761U106 APOLLO INVESTMENT CORP US AINV 1,853.7 $10,491.92
037833100 APPLE COMPUTER INC US AAPL 376.46 $63,708.86
038222AL9 APPLIED MATERIALS INC 3.30000 04/01/2027 US 457,920.06 $465,749.82
03938LAQ7 ARCELORMITTAL 5.75000 08/05/2020 LU 6,604.62 $6,967.87
03965L100 ARCONIC INC. US ARNC 7,207.84 $196,413.58
04010L103 ARES CAPITAL CORP US ARCC 796.96 $12,528.16
044186104 ASHLAND GLOBAL HOLDINGS INC US ASH 2,344.64 $166,938.28
04621WAC4 ASSURED GUARANTY US HLDG 5.00000 07/01/2024 US 466,726.22 $502,853.58
053015103 AUTOMATIC DATA PROCESSING US ADP 402 $47,110.49
053484101 AVALONBAY COMMUNITIES INC US AVB 211.35 $37,706.55
054937107 BB & T CORPORATION US BBT 835.7 $41,551.21
055622104 BP PLC-SPONS ADR GB BP 2,278.59 $95,769.25
05565QCS5 BP CAPITAL MARKETS PLC 3.53500 11/04/2024 GB 319,223.12 $331,663.59
05565QDG0 BP CAPITAL MARKETS PLC 3.21600 11/28/2023 GB 123,286.17 $125,938.67
058498106 BALL CORP US BLL 4,403.08 $166,656.48
060505104 BANK OF AMERICA CORP US BAC 3,780.04 $111,586.84
06051GFM6 BANK OF AMERICA CORP 4.00000 01/22/2025 US 310,857.27 $323,404.02
06652K103 BANKUNITED INC US BKU 493.14 $20,080.85
06739FFU0 BARCLAYS BANK PLC 10.17900 06/12/2021 GB 166,436.33 $202,841.42
09061G101 BIOMARIN PHARMACEUTICAL INC US BMRN 3,002.9 $267,768.49
09062X103 BIOGEN IDEC INC US BIIB 642.85 $204,792.51
09247X101 BLACKROCK INC US BLK 268.59 $137,976.20
09627J102 BLUEROCK RESIDENTIAL GROWTH US 651.66 $6,588.24
096630AE8 BOARDWALK PIPELINES LP 5.95000 06/01/2026 US 264,184.65 $294,684.96
097023105 BOEING CO US BA 377.34 $111,282.44
0989529 ASTRAZENECA PLC GB AZN LN 568 $39,194.89
101121101 BOSTON PROPERTIES INC US BXP 279.6 $36,355.79
105368203 BRANDYWINE REALTY TRUST US BDN 834.38 $15,177.43
110122108 BRISTOL MYERS SQUIBB CO US BMY 3,273.69 $200,611.61
11120U105 BRIXMOR PROPERTY GROUP INC US BRX 334.63 $6,244.27
11133T103 BROADRIDGE FINANCIAL SOLUTIONS US BR 460.12 $41,677.81
12467AAD0 C&S GROUP ENTERPRISES 5.37500 07/15/2022 US 44,030.78 $41,499.01
12527GAB9 CF INDUSTRIES INC 7.12500 05/01/2020 US 6,604.62 $7,201.01
125896100 CMS ENERGY CORP US CMS 779.34 $36,863.01
12626K203 CRH PLC -SPONSORED ADR IE CRH 959.43 $34,625.85
126307AH0 CSC HOLDINGS LLC 5.25000 06/01/2024 US 41,829.24 $41,201.80
12646XAH5 CSMC 2013-IVR3 A1 2.50000 05/25/2043 US 244,289.7 $232,390.11
126650100 CVS HEALTH CORP US CVS 743.24 $53,884.86
133131102 CAMDEN PROPERTY TRUST US CPT 173.92 $16,011.22
134429109 CAMPBELL SOUP CO US CPB 1,041.33 $50,098.28
14041NFF3 CAPITAL ONE MULTI-ASSET 1.33000 06/15/2022 US 154,107.71 $152,194.21
14314WAD3 CARMX 2017-3 A3 1.97000 04/15/2022 US 175,242.49 $174,294.70
14912Y202 CATCHMARK TIMBER TRUST INC US CTT 5,693.18 $74,751.44
149806AA9 CAZ 2015-1A A 2.00000 12/10/2023 US 56,520.86 $56,308.90
156504AH5 CENTURY COMMUNITIES 5.87500 07/15/2025 US 41,829.24 $42,038.38
156700BA3 CENTURYLINK INC 7.50000 04/01/2024 US 22,015.39 $21,960.35
161175BB9 CHARTER COMM OPT LLC/CAP 4.46400 07/23/2022 US 11,007.69 $11,484.87
16411QAA9 CHENIERE ENERGY PARTNERS 5.25000 10/01/2025 US 30,821.54 $31,360.92
16412XAD7 CHENIERE CORP CHRISTI HD 7.00000 06/30/2024 US 61,643.09 $70,157.54
165240102 CHESAPEAKE LODGING TRUST US CHSP 587.81 $15,923.80
166764100 CHEVRON CORP US CVX 495.35 $62,012.39
16941R108 CHINA PETROLEUM & CHEM-ADR CN SNP 863.44 $63,350.85
17275R102 CISCO SYSTEMS INC US CSCO 3,002.46 $114,994.16
172967424 CITIGROUP INC US C 1,397.98 $104,023.48
172967JL6 CITIGROUP INC 3.87500 03/26/2025 US 396,276.98 $405,648.38
194162103 COLGATE-PALMOLIVE CO US CL 717.26 $54,117.37
19625JAA1 CAH 2015-1A A 2.63185 07/17/2032 US 388,353.81 $389,673.08
19625W104 COLONY NORTHSTAR INC-CLASS A US CLNS 5,513.53 $62,909.42
198287203 COLUMBIA PROPERTY TRUST INC US CXP 418.29 $9,599.81
199908104 COMFORT SYSTEMS US FIX 1,036.92 $45,261.77
20030NBP5 COMCAST CORP 4.40000 08/15/2035 US 184,929.26 $202,182.12
20369C106 COMMUNITY HEALTHCARE TRUST I US CHCT 2,279.91 $64,065.57
20825C104 CONOCOPHILLIPS US COP 735.31 $40,361.38
20826FAD8 CONOCOPHILLIPS COMPANY 3.35000 11/15/2024 US 266,826.5 $274,709.98
21871N101 CORECIVIC INC US CXW 2,093.66 $47,107.43
21987BAW8 CODELCO INC 3.62500 08/01/2027 CL 400,680.05 $401,116.80
222795106 COUSINS PROPERTIES INC US CUZ 2,564.79 $23,724.33
22282E102 COVANTA HOLDING CORP US CVA 2,611.03 $44,126.32
22663AAA7 ORTHO-CLINICAL DIAGNOSTI 6.62500 05/15/2022 US 22,015.39 $22,125.46
22822V101 CROWN CASTLE INTL CORP US CCI 752.93 $83,582.34
22944PAA5 CSMC 2013-TH1 A1 2.13000 02/25/2043 US 184,341.32 $176,403.40
229663109 CUBESMART US CUBE 1,739.22 $50,298.12
2347608 FIRST QUANTUM MINERALS LTD CA FM CN 4,200.54 $58,847.60
23918K108 DAVITA INC. US DVA 6,071.84 $438,690.72
23918KAR9 DAVITA INC 5.00000 05/01/2025 US 30,821.54 $30,812.30
247361702 DELTA AIR LINES INC. US DAL 568 $31,807.83
25271C102 DIAMOND OFFSHORE DRILLING US DO 5,481.83 $101,907.25
253393102 DICK'S SPORTING GOODS INC US DKS 1,695.18 $48,719.61
253868103 DIGITAL REALTY TRUST INC US DLR 486.54 $55,416.91
25470DAR0 DISCOVERY COMMUNICATIONS 3.95000 03/20/2028 US 308,215.43 $306,568.20
25470XAJ4 DISH DBS CORP 5.87500 07/15/2022 US 11,007.69 $11,062.73
256677105 DOLLAR GENERAL CORP US DG 984.09 $91,530.01
256677AC9 DOLLAR GENERAL CORP 3.25000 04/15/2023 US 198,138.49 $200,810.49
257559AH7 DOMTAR CORP 4.40000 04/01/2022 US 212,668.64 $223,733.78
26078J100 DOWDUPONT INC US DWDP 1,050.57 $74,821.90
26780TAA5 DYNAGAS LNG PARTNERS/FIN 6.25000 10/30/2019 MH 44,030.78 $44,361.01
26884U109 ENTERTAINMENT PROPERTIES TR US EPR 107.88 $7,061.52
269246BP8 E*TRADE FINANCIAL CORP 2.95000 08/24/2022 US 202,541.57 $200,831.75
28140H203 EDUCATION REALTY TRUST INC US EDR 204.74 $7,149.63
28370TAG4 KINDER MORGAN ENER PART 4.30000 05/01/2024 US 387,470.82 $403,418.24
285512109 ELECTRONIC ARTS US EA 1,924.14 $202,150.66
2866857 LUNDIN MINING CORP CA LUN CN 6,406.48 $42,607.92
291011104 EMERSON ELEC CO US EMR 622.15 $43,357.97
29250NAR6 ENBRIDGE INC 3.70000 07/15/2027 CA 213,549.26 $214,449.62
29413XAB3 ENVIVA PARTNERS LP /FIN C 8.50000 11/01/2021 US 35,224.62 $37,514.22
294429105 EQUIFAX INC US EFX 1,470.63 $173,416.44
29444U700 EQUINIX INC US EQIX 215.75 $97,782.58
294628102 EQUITY COMMONWEALTH US EQC 488.74 $14,911.51
29472R108 EQUITY LIFESTYLE PROPERTIES US ELS 143.1 $12,738.76
29476L107 EQUITY RESIDENTIAL US EQR 418.29 $26,674.50
297178105 ESSEX PROPERTY TRUST INC US ESS 30.82 $7,439.40
298736109 EURONET WORLDWIDE INC US EEFT 1,891.12 $159,364.83
30040W108 EVERSOURCE ENERGY US ES 519.56 $32,826.00
30161N101 EXELON CORP US EXC 552.59 $21,777.42
302154BV0 EXPORT-IMPORT BANK KOREA 2.62500 12/30/2020 KR 682,477.01 $676,450.06
30219G108 EXPRESS SCRIPTS HOLDING CO US ESRX 1,862.5 $139,017.13
30219GAK4 EXPRESS SCRIPTS HOLDING 3.50000 06/15/2024 US 299,409.27 $302,057.57
30225T102 EXTRA SPACE STORAGE INC US EXR 288.4 $25,220.72
30231G102 EXXON MOBIL CORP US XOM 1,380.36 $115,453.71
302491303 FMC CORP US FMC 407.28 $38,553.57
30251JAA9 FDIC 2011-R1 A 2.67200 07/25/2026 US 38,749.38 $38,758.41
30262SAR9 FREMF 2015-K42 B FLT 3.85231 12/25/2024 US 79,255.4 $81,105.83
30287EAE0 FREMF 2014-K41 B FLT 3.83172 11/25/2047 US 308,215.43 $315,133.91
30291EAE4 FREMF 2013-K712 B FLT 3.36178 05/25/2045 US 506,353.91 $510,858.49
30291HAA5 FREMF 2013-K28 X2A 0.10000 06/25/2046 US 4,920,481.88 $20,161.18
30303M102 FACEBOOK INC -A US FB 3,509.25 $619,242.75
3128M1AM1 FHLM POOL G11912 5.50000 03/01/2021 US 10,377.31 $10,649.02
3128M6HZ4 FHLM POOL G04448 5.50000 07/01/2038 US 92,198.74 $101,845.96
3128M6SU3 FHLM POOL G04731 5.50000 04/01/2038 US 2,075.89 $2,293.81
3128M73P9 FHLM POOL G05906 6.00000 04/01/2040 US 8,160.87 $9,214.33
3128M74G8 FHLM POOL G05923 5.50000 02/01/2040 US 48,430.82 $53,541.23
3128M82W3 FHLM POOL G06789 6.00000 05/01/2040 US 75,021.45 $84,327.36
3128M9ZU9 FHLM POOL G07655 5.50000 12/01/2035 US 23,907.88 $26,590.25
3128MB4Q7 FHLM POOL G13331 5.50000 10/01/2023 US 58,615.63 $61,522.19
3128MBDP9 FHLM POOL G12610 6.00000 03/01/2022 US 4,518.34 $4,742.48
3128MBUB1 FHLM POOL G13078 6.00000 03/01/2023 US 3,982 $4,192.42
3128MJ2U3 FHLM GOLD POOL FG G08786 4.50000 10/01/2047 US 332,588.41 $354,850.93
3128MJJT8 FHLM POOL G08273 5.50000 06/01/2038 US 49,987 $55,252.28
3128P75F6 FHLM POOL C91746 4.50000 12/01/2033 US 27,110.04 $29,098.13
312941ZQ3 FHLM POOL Q93451 4.50000 08/01/2040 US 245,393.43 $261,817.10
3132QUNJ8 FHLM POOL Q37592 4.00000 12/01/2045 US 82,789.59 $87,051.96
3132WJYG0 FHLM POOL Q45210 4.00000 01/01/2047 US 216,369.92 $226,298.54
3132WPDP9 FHLM GOLD POOL FG Q49109 4.00000 07/01/2047 US 238,317.05 $249,239.10
3132XSLZ1 FHLM GOLD POOL FG Q50343 4.00000 08/01/2047 US 251,744.18 $263,281.93
31336WBS7 FHLM POOL G11850 5.50000 07/01/2020 US 7,699.11 $7,858.68
3135G0ZR7 FEDERAL NATL MTG ASSN 2.62500 09/06/2024 US 1,491,762.66 $1,511,625.48
31371MLB1 FEDERAL NATL MTG ASSN 256022 5.50000 12/01/2035 US 30,096.61 $33,343.55
31371MRU3 FEDERAL NATL MTG ASSN 256199 5.00000 04/01/2021 US 5,687.42 $5,928.24
31371NDQ5 FEDERAL NATL MTG ASSN 256711 5.50000 05/01/2037 US 4,117.19 $4,537.51
3137A2B34 FHMS K009 X1 FLT 1.30017 08/25/2020 US 502,870.38 $14,313.75
3137ADTK3 FHMS K014 X1 FLT 1.18352 04/25/2021 US 5,127,309.67 $169,684.21
3137AJMG6 FMHS K016 X1 FLT 1.52418 10/25/2021 US 1,141,926.19 $54,533.94
3137AL6W4 FHMS K706 X1 FLT 1.54648 10/25/2018 US 1,571,940.49 $14,218.36
3137AUPF0 FHMS K021 x1 FLT 1.46532 06/25/2022 US 7,185,156.5 $387,116.83
3137B3NB0 FHMS K030 X1 FLT 0.20689 04/25/2023 US 13,712,868.09 $131,318.54
3137B4GZ3 FHMS K032 X1 FLT 0.10997 05/25/2023 US 8,056,309.99 $46,477.66
3138A7BL1 FEDERAL NATL MTG ASSN AH5442 4.50000 05/01/2041 US 131,333.26 $140,638.25
3138AJ4A7 FEDERAL NATL MTG ASSN AI5316 4.50000 07/01/2041 US 14,211.9 $15,132.27
3138EPLE2 FEDERAL NATL MTG ASSN AL6624 4.50000 09/01/2042 US 56,938.31 $60,979.30
3138ETT89 FEDERAL NATL MTG ASSN AL8674 FLT 5.65700 01/01/2049 US 348,300.95 $381,929.69
3138WDRZ6 FEDERAL NATL MTG ASSN AS4103 4.50000 12/01/2044 US 369,118.31 $396,481.78
3138YTGK4 FEDERAL NATL MTG ASSN AZ2001 3.50000 05/01/2045 US 485,015.45 $499,646.26
31403DDX4 FEDERAL NATL MTG ASSN 745418 5.50000 04/01/2036 US 34,093.98 $37,801.06
31403DVZ9 FEDERAL NATL MTG ASSN 745932 6.50000 11/01/2036 US 5,761.6 $6,526.25
31406PTV1 FEDERAL NATL MTG ASSN 816064 4.50000 04/01/2020 US 4,679.24 $4,751.75
3140F4UB0 FEDERAL NATL MTG ASSN BC8677 4.00000 05/01/2046 US 345,920.59 $361,909.34
3140F9M51 FEDERAL NATL MTG ASSN BD2179 4.00000 07/01/2046 US 55,171.18 $57,721.32
3140FA5G3 FEDERAL NATL MTG ASSN FN BD3546 4.00000 09/01/2047 US 163,166.13 $170,799.55
3140FPGW3 FEDERAL NATL MTG ASSN BE3812 4.00000 12/01/2046 US 269,657.35 $282,177.51
31410FSE6 FEDERAL NATL MTG ASSN 888017 6.00000 11/01/2021 US 3,140.23 $3,282.34
31410FV51 FEDERAL NATL MTG ASSN 888136 6.00000 12/01/2021 US 4,016.46 $4,208.68
31410GCD3 FEDERAL NATL MTG ASSN 888468 5.50000 09/01/2021 US 32,382.79 $33,532.96
31410GN33 FEDERAL NATL MTG ASSN 888810 5.50000 11/01/2022 US 38,756.77 $40,099.65
31410KLD4 FEDERAL NATL MTG ASSN 889624 5.50000 05/01/2038 US 9,611.34 $10,608.87
31410WSY5 FEDERAL NATL MTG ASSN 899735 6.50000 09/01/2037 US 6,147.74 $6,814.45
31411JXP6 FEDERAL NATL MTG ASSN 909786 5.50000 03/01/2037 US 21,953.89 $24,226.91
31411RHZ4 FEDERAL NATL MTG ASSN 912948 5.00000 05/01/2038 US 2,031.08 $2,182.02
31412SY41 FEDERAL NATL MTG ASSN 933731 5.50000 04/01/2038 US 6,578.51 $7,219.65
31413CCL1 FEDERAL NATL MTG ASSN 941175 6.00000 11/01/2037 US 2,692.88 $3,008.29
31413MR66 FEDERAL NATL MTG ASSN 949709 6.50000 09/01/2037 US 8,692.15 $9,660.25
31413S6R0 FEDERAL NATL MTG ASSN 954580 6.00000 02/01/2038 US 5,393.99 $6,074.12
31414CQ50 FEDERAL NATL MTG ASSN 962276 6.00000 03/01/2038 US 1,213.36 $1,360.71
31414DJ23 FEDERAL NATL MTG ASSN 962981 6.00000 05/01/2038 US 6,939.85 $7,775.22
31414QX28 FEDERAL NATL MTG ASSN 973297 4.50000 03/01/2023 US 5,740.61 $6,048.01
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437076102 HOME DEPOT INC US HD 789.03 $149,545.14
437302AA0 HOME PARTNERS OF AMERICA FLT RT 3.10951 03/17/2033 US 180,777.7 $181,870.85
438128308 HONDA MOTOR CO LTD -SPONS ADR JP HMC 1,600.08 $54,530.67
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458140100 INTEL CORP US INTC 4,012.52 $185,218.13
459200101 INTERNATIONAL BUSINESS MACH CORP US IBM 617.31 $94,707.93
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46186YAA2 IHSFR 2015-SFR3 A FLT 2.75951 08/17/2032 US 418,201.6 $420,815.61
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46434V621 ISHARES CORE DIVIDEND GROWTH US 1,393.57 $48,468.50
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46625H100 JP MORGAN CHASE & CO US JPM 2,736.51 $292,642.67
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478160104 JOHNSON & JOHNSON US JNJ 3,943.4 $550,971.32
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50212YAB0 LPL HOLDINGS INC 5.75000 09/15/2025 US 26,418.47 $26,880.79
50218LAC0 LSTAR COMMERCIAL MORTGAGE TR FLT 2.76700 01/20/2041 US 6,774.99 $6,758.47
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532457108 ELI LILLY & CO US LLY 464.52 $39,233.75
534187109 LINCOLN NATL CORP IND US LNC 255.38 $19,630.94
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539830109 LOCKHEED MARTIN CORP US LMT 225.44 $72,376.73
550021109 LULULEMON - ADR CA LULU 2,672.67 $210,044.98
554382101 THE MACERICH CO US MAC 215.75 $14,170.51
559222AR5 MAGNA INTERNATIONAL INC 4.15000 10/01/2025 CA 286,200.04 $304,162.61
55933JAB0 MAGNACHIP SEMICONDUCTOR 6.62500 07/15/2021 US 35,224.62 $34,167.88
5671735 SANOFI-AVENTIS FR SAN FP 415.21 $35,746.16
57636Q104 MASTERCARD INC-CLASS A US MA 1,831.68 $277,243.12
580037AB5 MCDERMOTT INTERNATIONAL 8.00000 05/01/2021 PA 30,821.54 $31,679.92
580135101 MCDONALDS CORP US MCD 524.85 $90,336.64
58503F106 MEDLEY CAPITAL CORP US MCC 1,470.63 $7,676.68
58933Y105 MERCK & CO INC US MRK 2,368.86 $133,295.51
59001ABA9 MERITAGE HOMES CORP 5.12500 06/06/2027 US 22,015.39 $22,400.66
594918104 MICROSOFT CORP US MSFT 3,414.59 $292,083.74
59522J103 MID-AMERICA APARTMENT COMM US MAA 248.77 $25,016.70
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624758108 MUELLER WATER PRODUCTS INC - A US MWA 3,196.63 $40,053.83
62942M201 NTT DOCOMO INC -SPON ADR JP DCM 3,002.02 $71,357.97
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633067D34 NATIONAL BANK OF CANADA 1.40000 04/20/2018 CA 726,507.79 $725,790.02
637417106 NATIONAL RETAIL PROPERTIES US NNN 380.87 $16,426.76
64829DAG1 NRZT 2014-3A AFX3 3.75000 11/25/2054 US 192,822.28 $196,986.15
64829EAA2 NRZT 2015-2A A1 3.75000 08/25/2055 US 230,707.95 $236,302.27
64829LAA6 NRZT 2016-4A A1 3.75000 11/25/2056 US 281,921.54 $288,064.78
654106103 NIKE INC CLASS B US NKE 486.54 $30,433.08
66727WAA0 NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 CA 68,247.7 $70,465.75
66977WAQ2 NOVA CHEMICALS CORP 4.87500 06/01/2024 CA 22,015.39 $21,960.35
66987V109 NOVARTIS AG- REG CH NVS 4,667.26 $391,863.33
67103H107 O'REILLY AUTOMOTIVE INC US ORLY 204.74 $49,248.91
680223104 OLD REPUBLIC INTL CORP US ORI 920.24 $19,674.80
683235AA3 ONTARIO (PROVINCE OF) 2.00000 09/27/2018 CA 198,138.49 $198,219.98
68323ADY7 ONTARIO (PROVINCE OF) 1.25000 06/17/2019 CA 198,138.49 $195,652.01
69007J106 OUTFRONT MEDIA INC US OUT 1,221.85 $28,347.01
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69318FAG3 PBF HOLDING CO LLC 7.25000 06/15/2025 US 33,023.08 $34,674.24
693475105 PNC FINANCIAL SERVICES GROUP US PNC 145.3 $20,965.56
70014LAC4 PARK AEROSPACE HOLDINGS 4.50000 03/15/2023 KY 17,612.31 $16,819.76
708062104 PENNANTPARK INVESTMENT CORP US PNNT 1,413.39 $9,766.51
7110388 ROCHE HOLDING AG-GENUSSCHEIN CH ROG SW 165.12 $41,750.32
713448108 PEPSICO INC US PEP 1,194.55 $143,251.03
713448CX4 PEPSICO INC 3.10000 07/17/2022 US 216,191.11 $221,370.97
71654QCB6 PETROLEOS MEXICANOS 6.87500 08/04/2026 MX 180,526.18 $204,671.55
717081103 PFIZER INC US PFE 3,577.5 $129,577.07
71943U104 PHYSICIANS REALTY TRUST US DOC 1,525.67 $27,446.74
729640102 PLYMOUTH INDUSTRIAL REIT INC US 211.35 $3,905.71
733174AJ5 POPULAR INC 7.00000 07/01/2019 US 41,829.24 $43,502.41
741503403 PRICELINE GROUP INC US PCLN 317.02 $550,901.08
741503AZ9 PRICELINE GROUP INC/THE 3.60000 06/01/2026 US 462,323.14 $464,303.21
74251V102 PRINCIPAL FINANCIAL GROUP US PFG 281.8 $19,883.59
74333KAA6 PROG 2017-SFR2 A 2.89700 12/17/2034 US 132,092.33 $131,019.80
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744320AL6 PRUDENTIAL FINANCIAL INC 5.87500 09/15/2042 US 200,340.03 $218,871.48
74460D109 PUBLIC STORAGE INC US PSA 107.88 $22,545.96
74736K101 QORVO INC US QRVO 5,704.19 $379,898.85
747525103 QUALCOMM INC US QCOM 1,121.46 $71,796.12
749685103 RPM INTERNATIONAL INC US RPM 1,210.85 $63,472.56
755111507 RAYTHEON COMPANY US RTN 278.27 $52,273.86
758849103 REGENCY CENTERS CORP US REG 257.58 $17,819.39
75886F107 REGENERON PHARMACEUTICALS INC US REGN 885.02 $332,731.59
7591EP100 REGIONS FINANCIAL CORP. US RF 1,219.65 $21,075.59
76169C100 REXFORD INDUSTRIAL REALITY IN US REXR 490.94 $14,315.90
767754CH5 RITE AID CORP 6.12500 04/01/2023 US 6,604.62 $5,960.67
77340RAK3 ROCKIES EXPRESS PIPELINE 5.62500 04/15/2020 US 41,829.24 $43,816.13
780097AY7 ROYAL BK SCOTLND GRP PLC 6.10000 06/10/2023 GB 11,007.69 $12,121.26
780259107 ROYAL DUTCH SHELL PLC-ADR B NL RDS/B 625.24 $42,697.44
78408XAD3 SCGT 2013-SRP1 AJ FLT 3.42703 11/15/2026 US 682,477.01 $680,241.84
78442FET1 SLM CORP 6.12500 03/25/2024 US 26,418.47 $26,748.70
78442PGC4 SLM CORP 5.12500 04/05/2022 US 35,224.62 $36,633.60
78471CAB5 SOFI 2017-D A2FX 2.65000 09/25/2040 US 385,269.28 $382,931.47
785592AV8 SABINE PASS LIQUEFACTION 5.87500 06/30/2026 US 180,526.18 $202,815.43
80105N105 SANOFI-AVENTIS-ADR FR SNY 1,896.41 $81,545.44
80282KAQ9 SANTANDER HOLDINGS USA 3.40000 01/18/2023 US 281,796.96 $280,698.95
806857108 SCHLUMBERGER LTD NL SLB 4,350.24 $293,162.71
808524797 SCHWAB US DVD EQUITY ETF US 946.22 $48,418.15
81211K100 SEALED AIR CORP US SEE 5,131.79 $252,997.09
812578102 SEATTLE GENETICS INC US SGEN 5,244.07 $280,557.49
81663AAC9 SEMGROUP CORP 6.37500 03/15/2025 US 37,426.16 $36,864.77
81745CAB9 SEMT 2013-7 A2 3.00000 06/25/2043 US 147,189.59 $146,821.62
81745EAA7 SEMT 2013-8 A1 3.00000 06/25/2043 US 200,672.53 $199,743.62
81745MAA9 SEMT 2013-2 1.87400 02/25/2043 US 156,080.08 $147,422.56
81762P102 SERVICENOW INC US NOW 4,288.6 $559,190.23
81783QAC9 SEVEN GENERATIONS ENERGY 5.37500 09/30/2025 CA 22,015.39 $22,235.54
828806109 SIMON PROPERTY GROUP INC US SPG 396.28 $68,056.61
82967NAY4 SIRIUS XM RADIO INC 3.87500 08/01/2022 US 8,806.16 $8,828.17
83088M102 SKYWORKS SOLUTIONS INC US SWKS 5,666.76 $538,058.93
83401LAB0 SOFI 2015-A A2 2.42000 03/25/2030 US 259,189.69 $259,253.99
83402DAC5 SOFI 2016-C A2B 2.36000 12/27/2032 US 178,764.95 $176,503.20
83404FAB0 SOFI 2017-A A2A 1.55000 03/26/2040 US 19,604.62 $19,509.92
83404LAC5 SOFI 2016-D A2B 2.34000 04/25/2033 US 57,240.01 $56,308.48
83405DAB4 SOFI 2017-C A2A 1.75000 07/25/2040 US 25,590.54 $25,487.13
83405LAA8 SCLP 2017-5 A1 2.14000 09/25/2026 US 273,649.16 $272,934.47
834423AA3 SOLVAY FINANCE (AMERICA) 3.40000 12/03/2020 US 215,310.49 $219,855.11
835495102 SONOCO PRODUCTS CO US SON 1,158.01 $61,536.62
84265V105 SOUTHERN COPPER CORPORATION US SCCO 1,770.04 $83,988.26
84265VAH8 SOUTHERN COPPER CORP 3.87500 04/23/2025 US 193,735.41 $200,909.37
844741108 SOUTHWEST AIRLS CO US LUV 504.15 $32,996.77
845467AL3 SOUTHWESTERN ENERGY CO 6.70000 01/23/2025 US 30,821.54 $32,015.88
852061AK6 SPRINT COMMUNICATIONS 9.00000 11/15/2018 US 11,007.69 $11,586.70
852061AR1 SPRINT COMMUNICATIONS 7.00000 08/15/2020 US 11,007.69 $11,668.16
85254J102 STAG INDUSTRIAL INC US STAG 1,508.05 $41,215.12
85571BAJ4 STARWOOD PROPERTY TRUST 4.75000 03/15/2025 US 17,612.31 $17,480.22
85571XAA5 SRPT 2014-STAR A FLTG RATE 2.69703 11/15/2027 US 410,557.69 $410,852.35
862121100 STORE CAPITAL CORP US STOR 1,292.3 $33,651.58
866674104 SUN COMMUNITIES US SUI 160.71 $14,910.89
867892101 SUNSTONE HOTEL INVESTORS INC US SHO 904.83 $14,956.88
867914103 SUNTRUST BANKS INC US STI 310.42 $20,049.83
871829107 SYSCO CORP US SYY 570.64 $34,654.90
874039100 TAIWAN SEMICONDUCTOR - SP ADR TW TSM 3,203.24 $127,008.42
87470LAA9 TALLGRASS NRG PRTNR/FIN 5.50000 09/15/2024 US 46,232.31 $47,445.91
87612E106 TARGET CORP US TGT 575.04 $37,521.49
876664103 TAUBMAN CTRS INC US TCO 110.08 $7,202.33
87677QAA9 TXEZ 2016-1A 3.13100 06/15/2028 US 122,703.3 $122,836.02
87854WAA1 TECHNIPLAS LLC 10.00000 05/01/2020 US 37,426.16 $30,689.45
88033GBW9 TENET HEALTHCARE CORP 6.75000 02/01/2020 US 11,007.69 $11,117.77
88146M101 TERRENO REALTY CORP US TRNO 416.09 $14,588.14
882508104 TEXAS INSTRUMENTS INC US TXN 2,826.78 $295,228.46
88579Y101 3M CO US MMM 704.05 $165,712.74
89173CAA5 TPMT 2016-5 A1 2.50000 10/25/2056 US 474,643.74 $471,226.92
89613BAA5 TAH 2013-SFR1 A 2.58900 11/17/2033 US 356,649.28 $351,638.50
89613FAA6 TAH 2017-SFR2 A 2.92800 01/17/2036 US 220,153.88 $219,249.92
896356AE2 TRINIDAD DRILLING LTD 6.62500 02/15/2025 CA 33,023.08 $31,371.93
901109AF5 TUTOR PERINI CORP 6.87500 05/01/2025 US 33,023.08 $35,499.81
902653104 UDR INC US UDR 528.37 $20,352.79
902973304 U.S. BANCORP US USB 1,320.48 $70,751.48
903002103 UMH PROPERTIES INC US UMH 757.33 $11,284.21
90320MAA3 UPCB FINANCE IV LTD 5.37500 01/15/2025 KY 17,612.31 $17,733.83
904767704 UNILEVER PLC - ADR GB UL 6,340.43 $350,879.49
907818108 UNION PAC CORP US UNP 575.48 $77,172.17
911312106 UNITED PARCEL SERVICE US UPS 660.46 $78,694.00
912810FM5 UNITED STATES TREAS BOND 6.25000 05/15/2030 US 554,347.46 $779,356.23
912810PT9 UNITED STATES TREAS BOND 4.75000 02/15/2037 US 900,869.66 $1,200,162.49
912810QV3 UNITED STATES TREAS INFL INDEX 0.75000 02/15/2042 US 434,025.82 $438,250.05
912810RK6 US TREASURY N/B 2.50000 02/15/2045 US 625,237.01 $596,051.14
912828D23 US TREASURY N/B 1.62500 04/30/2019 US 2,210,785.22 $2,203,962.89
912828K33 UNITED STATES TREAS INFL INDEX 0.12500 04/15/2020 US 721,960.34 $720,479.78
912828K58 UNITED STATES TREAS NTS 1.37500 04/30/2020 US 2,257,457.84 $2,229,504.17
912828Q78 US TREASURY N/B 1.37500 04/30/2021 US 2,294,003.38 $2,244,359.73
912828RT9 US TREASURY N/B 1.37500 11/30/2018 US 440,307.75 $438,673.80
912828S76 US TREASURY N/B 1.12500 07/31/2021 US 1,003,461.37 $970,378.50
912828UH1 UNITED STATES TREAS INFL INDEX 0.12500 01/15/2023 US 408,604.84 $405,431.52
912828WZ9 UNITED STATES TREAS NTS 1.75000 04/30/2022 US 2,293,563.08 $2,254,052.88
913017109 UNITED TECHNOLOGIES CORP US UTX 564.91 $72,066.19
91704F104 URBAN EDGE PROPERTIES US UE 1,135.99 $28,956.49
91911KAJ1 VALEANT PHARMACEUTICALS 6.50000 03/15/2022 CA 6,604.62 $6,934.85
91913Y100 VALERO ENERGY US VLO 479.5 $44,070.40
92276F100 VENTAS INC US VTR 233.36 $14,004.12
92339V100 VEREIT INC US VER 2,256.58 $17,578.74
92343VDY7 VERIZON COMMUNICATIONS 4.12500 03/16/2027 US 391,873.9 $408,611.99
92532F100 VERTEX PHARMACEUTICALS INC US VRTX 1,444.21 $216,429.22
92826C839 VISA INC - CLASS A SHARES US V 2,456.92 $280,137.71
92826CAC6 VISA INC 2.80000 12/14/2022 US 299,409.27 $303,795.81
92903PAC3 VNO 2010 - VNO A2FX 4.00350 09/13/2028 US 22,015.39 $22,796.86
929042109 VORNADO REALTY TRUST US VNO 387.47 $30,292.47
931142103 WAL MART STORES US WMT 1,632.66 $161,225.29
94106L109 WASTE MANAGEMENT INC US WM 925.53 $79,872.97
948565AC0 WEEKLEY HOMES LLC/ FINAN 6.00000 02/01/2023 US 30,821.54 $30,667.43
94856TAA2 WEEKLEY HOMES LLC/ FINAN 6.62500 08/15/2025 US 33,023.08 $32,857.97
949746101 WELLS FARGO COMPANY US WFC 3,903.33 $236,814.92
95040Q104 WELLTOWER INC. US HCN 407.28 $25,972.54
962166104 WEYERHAEUSER CO US WY 7,344.33 $258,961.19
962178AL3 TRI POINTE HOLDINGS INC 4.37500 06/15/2019 US 22,015.39 $22,455.70
962178AN9 TRI POINTE GROUP / HOMES 5.87500 06/15/2024 US 19,813.85 $21,151.28
96949LAD7 WILLIAMS PARTNERS LP 3.75000 06/15/2027 US 295,006.19 $295,619.35
97651JAE6 WINWATER MORTGAGE LOAN TRUST 3.50000 03/20/2045 US 209,633.6 $211,656.15
97652TAA1 WIN 2015-1 A1 3.50000 01/20/2045 US 236,134.04 $239,786.80
98416JAE0 XERIUM TECHNOLOGIES INC 9.50000 08/15/2021 US 22,015.39 $22,290.58
98919V105 ZAYO GROUP HOLDINGS INC US ZAYO 5,728.4 $210,805.26
98954UAB9 ZIGGO BOND FINANCE BV 6.00000 01/15/2027 NL 8,806.16 $8,586.00
B15C557 TOTAL SA FR FP FP 501.95 $27,707.57
B1VWPC8 UK TSY 5% 2018 5.00000 03/07/2018 GB 39,187.39 $53,353.18
B1YY4B3 UNIBAIL-RODAMCO SE FR UL NA 59.44 $14,958.54
B3FP8W8 CANADA HOUSING TRUST 4.10000 12/15/2018 CA 48,433.85 $39,450.66
B3ZD2V9 MEX BONOS DESARR FIX RT 6.50000 06/10/2021 MX 176,123.1 $8,651.42
B4888C1 CANADIAN GOVERNMENT FLT 2.75000 06/01/2022 CA 61,643.09 $50,933.77
B4NDCC9 MEX BONOS DESARR FIX RT 6.50000 06/09/2022 MX 484,338.53 $23,578.57
B4YN9R2 SINGAPORE GOVERNMENT 2.50000 06/01/2019 SG 105,673.86 $79,933.51
B5W0S97 ROYAL BANK OF CANADA 3.77000 03/30/2018 CA 55,038.47 $44,031.21
B615Y14 MEX BONOS DESARR FIX RT 8.00000 06/11/2020 MX 792,553.95 $40,634.39
B6TC406 MEX BONOS DESARR FIX RT 7.75000 05/29/2031 MX 154,107.71 $7,841.96
BBG00B6C5VY1 REGN US 01/19/18 P350 US -2.2 -$325.83
BBG00BKPTRR7 LULU US 01/19/18 C80 CA -10.13 -$1,853.26
BBG00J640583 MDT US 12/29/17 P77.5 IE -10.13 -$30.38
BBG00JG6RS79 SWKS US 12/29/17 C97.5 US -8.37 -$41.83
BGHQ198 HIBERNIA REIT PLC IE HBRN ID 7,549.08 $13,803.98
BMMV2K8 TENCENT HOLDINGS LTD CN 700 HK 2,870.81 $148,587.08
BP269Z8 AXIA REAL ESTATE SOCIMI SA ES AXIA SM 317.02 $7,006.55
BYYHL23 ANHEUSER-BUSCH INBEV SA/NV BE ABI BB 2,267.58 $253,155.69
G29183103 EATON CORP PLC US ETN 490.5 $38,754.63
G3157S106 ENSCO INTERNATIONAL INC US ESV 8,471.52 $50,066.69
G37585AC3 GASLOG LTD 8.87500 03/22/2022 BM 28,620 $30,265.65
G5960L103 MEDTRONIC INC IE MDT 5,198.27 $419,760.57
G6518L108 NIELSEN HOLDINGS PLC US NLSN 8,354.84 $304,116.16
G96629103 WILLIS TOWERS WATSON PLC GB WLTW 127.69 $19,241.49
G97822103 PERRIGO CO PLC IE PRGO 501.95 $43,750.03
H1467J104 CHUBB LTD CH CB 200.34 $29,275.69
H8817H100 TRANSOCEAN LTD US RIG 12,632.43 $134,914.35
N47279109 INTERXION HOLDING NX NL INXN 455.72 $26,855.49
N53745100 LYONDELLBASELL INDU-CL A US LYB 409.49 $45,174.52
USD US DOLLAR US 812,852.14 $812,852.14

Based on the investments of the underlying fund(s): Manning & Napier Pro-Mix® Conservative Term CIT Fund. Investments will change over time. Fund holdings list does not include securities with positions less than 0.005 shares.

Based on the investments of the underlying fund(s): Manning & Napier Pro-Mix® Conservative Term CIT Fund. Investments will change over time. Fund holdings list does not include securities with positions less than 0.005 shares.

Daily Price

$16.67

Daily $ Change

-$0.03

Daily % Change

-0.18%

as of 01/18/2018

CUSIP

302027651

Inception Date

05/31/2007

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

Important Documents

Annual Report
Fact Sheet
Applications & Forms

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

Investment Objective

To provide capital preservation and manage risk for investors who have already reached their target date or who desire minimal capital risk as they move towards a future target date.

Investment Strategy

The portfolio is invested in a conservative mix of securities that seeks preservation of capital, with income and long-term capital growth as secondary objectives. The portfolio is diversified primarily among fixed income securities, typically focusing on short to intermediate-term maturities. A position in various stock investments, which may be focused on dividend paying stocks, adds potential for growth opportunities and income generation. For the most part, this approach favors stability over growth. Stock exposure can range from 15% - 45%.

May be Appropriate for Investors

  • Who have reached their target date or are already in retirement and seek to minimize declines in account value with potential for modest capital growth and income generation
  • Who have a future target date and want to assume a minimal amount of capital risk through limited stock exposure
  • Who prefer to take advantage of professional management through a single, diversified investment portfolio

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.

Learn more about our Glide Range SM

Annualized Performance

As of 12/31/2017

YTD

---

1 Year

9.11%

3 Year

3.34%

5 Year

4.38%

10 Year

4.84%

Inception
(---)

---

US Stock Market Cycle (04/01/2000 - 12/31/2017)

5.81%

Performance through 06/04/2012 reflects the performance of the Retirement Target Institutional CIT Fund, which was merged into the Retirement Target CIT Fund on 06/04/2012 to establish the Class I units. Performance through the Institutional CIT Fund inception date (05/31/2007) 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. Performance data quoted represents past performance and does not guarantee future results. Your investment may fluctuate in value and there is a potential for loss as well as profit.

Expense Ratio

Gross 0.69%
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 12/31/2017

TREASURY NOTES 14.11%
GOVERNMENT AGENCY 8.98%
TREASURY BONDS 3.51%
KFW 1.50000 06/15/2021 1.05%
SWEDISH EXPORT CREDIT 1.12500 08/28/2019 1.01%
NATIONAL BANK OF CANADA 1.40000 04/20/2018 0.99%
UNITED STATES TREAS INFL INDEX 0.12500 04/15/2020 0.98%
SCGT 2013-SRP1 AJ FLT 3.42703 11/15/2026 0.93%
EXPORT-IMPORT BANK KOREA 2.62500 12/30/2020 0.92%
FACEBOOK INC -A 0.85%

This investment list is unaudited and excludes cash.

Asset Allocation

As of 12/31/2017

Bonds
70.20%
Stocks
28.70%
Cash
1.10%

Detailed Asset Class Allocation

As of 12/31/2017

International Equities
5.24%
Small Capitalization
1.03%
Mid Capitalization
3.49%
Large Capitalization
18.95%
Long Term Fixed Income
15.94%
Intermediate Term Fixed Income
41.43%
Short Term Fixed Income
12.82%
Cash
1.10%

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

December Fund Holdings

As of 12/31/2017

CUSIP Security Description Country Ticker Shares/Par Market Value (USD)
000375204 ABB LTD-SPON ADR CH ABB 2,017.49 $54,109.08
00163UAB2 AMAG PHARMACEUTICALS INC 7.87500 09/01/2023 US 24,216.93 $23,581.23
00206REM0 AT&T INC 3.90000 08/14/2027 US 409,486.21 $412,222.30
00254EML3 SWEDISH EXPORT CREDIT 1.12500 08/28/2019 SE 748,523.18 $736,816.27
00287Y109 ABBVIE INC US ABBV 1,132.47 $109,521.32
00289XAA7 ABENGOA YIELD PLC 7.00000 11/15/2019 GB 198,138.49 $208,788.43
004239109 ACADIA REALTY TRUST US AKR 339.04 $9,276.05
0045614 ANTOFAGASTA PLC GB ANTO LN 3,777.84 $50,985.96
00507VAM1 ACTIVISION BLIZZARD 3.40000 06/15/2027 US 400,680.05 $403,499.19
00772BAF8 AERCAP IRELAND CAP LTD/A 4.50000 05/15/2021 IE 385,269.28 $404,617.04
008492100 AGREE REALTY CORP US ADC 149.7 $7,700.81
00928QAK7 AIRCASTLE LTD 6.25000 12/01/2019 BM 11,007.69 $11,613.12
009563AD9 AIRXCEL INC 8.50000 02/15/2022 US 46,232.31 $49,006.25
013093AD1 ALBERTSONS COS LLC/SAFEW 5.75000 03/15/2025 US 6,604.62 $5,957.36
015271109 ALEXANDRIA REAL EST EQUITIES US ARE 275.19 $35,937.37
01609WAT9 ALIBABA GROUP HOLDING 3.40000 12/06/2027 KY 317,021.58 $316,941.62
01748XAA0 ALLEGIANT TRAVEL CO 5.50000 07/15/2019 US 22,015.39 $22,593.29
020002101 ALLSTATE CORPORATION US ALL 191.53 $20,055.51
02005NAT7 ALLY FINANCIAL INC 3.50000 01/27/2019 US 17,612.31 $17,700.37
02079K107 ALPHABET INC-CL C US GOOG 129.89 $135,917.72
02079K305 ALPHABET INC-CL A US GOOGL 127.69 $134,507.85
023135106 AMAZON.COM INC US AMZN 237.77 $278,060.42
023135BA3 AMAZON.COM INC 3.15000 08/22/2027 US 202,541.57 $202,846.80
02319V103 AMBEV SA-ADR BR ABEV 44,730.86 $288,961.38
0237400 DIAGEO PLC GB DGE LN 10,318.61 $378,221.36
02376RAA0 AMERICAN AIRLINES GROUP 5.50000 10/01/2019 US 22,015.39 $22,620.81
024835100 AMERICAN CAMPUS COMMUNITIES US ACC 334.63 $13,730.03
02665T306 AMERICAN HOMES 4 RENT- A US AMH 1,243.87 $27,166.11
026874784 AMERICAN INTL GROUP INC US AIG 295.01 $17,576.47
026874CY1 AMERICAN INTL GROUP 4.12500 02/15/2024 US 286,200.04 $302,399.86
03027XAH3 AMERICAN TOWER CORP 3.30000 02/15/2021 US 396,276.98 $403,542.98
03040WAQ8 AMERICAN WATER CAPITAL C 2.95000 09/01/2027 US 475,532.37 $470,615.85
03063NAA5 AMERICOLD LLC TRUST 3.84730 01/14/2029 US 18,356.84 $18,738.76
031162100 AMGEN INC US AMGN 493.14 $85,757.86
034863AB6 ANGLO AMERICAN CAPITAL 9.37500 04/08/2019 GB 17,612.31 $19,097.63
034863AT7 ANGLO AMERICAN CAPITAL 4.00000 09/11/2027 GB 400,680.05 $398,003.20
03523TBF4 ANHEUSER-BUSCH INBEV WOR 8.20000 01/15/2039 US 255,378.5 $406,148.08
03748R101 APARTMENT INVT & MGMT CO -A US AIV 691.28 $30,215.99
03761U106 APOLLO INVESTMENT CORP US AINV 1,853.7 $10,491.92
037833100 APPLE COMPUTER INC US AAPL 376.46 $63,708.86
038222AL9 APPLIED MATERIALS INC 3.30000 04/01/2027 US 457,920.06 $465,749.82
03938LAQ7 ARCELORMITTAL 5.75000 08/05/2020 LU 6,604.62 $6,967.87
03965L100 ARCONIC INC. US ARNC 7,207.84 $196,413.58
04010L103 ARES CAPITAL CORP US ARCC 796.96 $12,528.16
044186104 ASHLAND GLOBAL HOLDINGS INC US ASH 2,344.64 $166,938.28
04621WAC4 ASSURED GUARANTY US HLDG 5.00000 07/01/2024 US 466,726.22 $502,853.58
053015103 AUTOMATIC DATA PROCESSING US ADP 402 $47,110.49
053484101 AVALONBAY COMMUNITIES INC US AVB 211.35 $37,706.55
054937107 BB & T CORPORATION US BBT 835.7 $41,551.21
055622104 BP PLC-SPONS ADR GB BP 2,278.59 $95,769.25
05565QCS5 BP CAPITAL MARKETS PLC 3.53500 11/04/2024 GB 319,223.12 $331,663.59
05565QDG0 BP CAPITAL MARKETS PLC 3.21600 11/28/2023 GB 123,286.17 $125,938.67
058498106 BALL CORP US BLL 4,403.08 $166,656.48
060505104 BANK OF AMERICA CORP US BAC 3,780.04 $111,586.84
06051GFM6 BANK OF AMERICA CORP 4.00000 01/22/2025 US 310,857.27 $323,404.02
06652K103 BANKUNITED INC US BKU 493.14 $20,080.85
06739FFU0 BARCLAYS BANK PLC 10.17900 06/12/2021 GB 166,436.33 $202,841.42
09061G101 BIOMARIN PHARMACEUTICAL INC US BMRN 3,002.9 $267,768.49
09062X103 BIOGEN IDEC INC US BIIB 642.85 $204,792.51
09247X101 BLACKROCK INC US BLK 268.59 $137,976.20
09627J102 BLUEROCK RESIDENTIAL GROWTH US 651.66 $6,588.24
096630AE8 BOARDWALK PIPELINES LP 5.95000 06/01/2026 US 264,184.65 $294,684.96
097023105 BOEING CO US BA 377.34 $111,282.44
0989529 ASTRAZENECA PLC GB AZN LN 568 $39,194.89
101121101 BOSTON PROPERTIES INC US BXP 279.6 $36,355.79
105368203 BRANDYWINE REALTY TRUST US BDN 834.38 $15,177.43
110122108 BRISTOL MYERS SQUIBB CO US BMY 3,273.69 $200,611.61
11120U105 BRIXMOR PROPERTY GROUP INC US BRX 334.63 $6,244.27
11133T103 BROADRIDGE FINANCIAL SOLUTIONS US BR 460.12 $41,677.81
12467AAD0 C&S GROUP ENTERPRISES 5.37500 07/15/2022 US 44,030.78 $41,499.01
12527GAB9 CF INDUSTRIES INC 7.12500 05/01/2020 US 6,604.62 $7,201.01
125896100 CMS ENERGY CORP US CMS 779.34 $36,863.01
12626K203 CRH PLC -SPONSORED ADR IE CRH 959.43 $34,625.85
126307AH0 CSC HOLDINGS LLC 5.25000 06/01/2024 US 41,829.24 $41,201.80
12646XAH5 CSMC 2013-IVR3 A1 2.50000 05/25/2043 US 244,289.7 $232,390.11
126650100 CVS HEALTH CORP US CVS 743.24 $53,884.86
133131102 CAMDEN PROPERTY TRUST US CPT 173.92 $16,011.22
134429109 CAMPBELL SOUP CO US CPB 1,041.33 $50,098.28
14041NFF3 CAPITAL ONE MULTI-ASSET 1.33000 06/15/2022 US 154,107.71 $152,194.21
14314WAD3 CARMX 2017-3 A3 1.97000 04/15/2022 US 175,242.49 $174,294.70
14912Y202 CATCHMARK TIMBER TRUST INC US CTT 5,693.18 $74,751.44
149806AA9 CAZ 2015-1A A 2.00000 12/10/2023 US 56,520.86 $56,308.90
156504AH5 CENTURY COMMUNITIES 5.87500 07/15/2025 US 41,829.24 $42,038.38
156700BA3 CENTURYLINK INC 7.50000 04/01/2024 US 22,015.39 $21,960.35
161175BB9 CHARTER COMM OPT LLC/CAP 4.46400 07/23/2022 US 11,007.69 $11,484.87
16411QAA9 CHENIERE ENERGY PARTNERS 5.25000 10/01/2025 US 30,821.54 $31,360.92
16412XAD7 CHENIERE CORP CHRISTI HD 7.00000 06/30/2024 US 61,643.09 $70,157.54
165240102 CHESAPEAKE LODGING TRUST US CHSP 587.81 $15,923.80
166764100 CHEVRON CORP US CVX 495.35 $62,012.39
16941R108 CHINA PETROLEUM & CHEM-ADR CN SNP 863.44 $63,350.85
17275R102 CISCO SYSTEMS INC US CSCO 3,002.46 $114,994.16
172967424 CITIGROUP INC US C 1,397.98 $104,023.48
172967JL6 CITIGROUP INC 3.87500 03/26/2025 US 396,276.98 $405,648.38
194162103 COLGATE-PALMOLIVE CO US CL 717.26 $54,117.37
19625JAA1 CAH 2015-1A A 2.63185 07/17/2032 US 388,353.81 $389,673.08
19625W104 COLONY NORTHSTAR INC-CLASS A US CLNS 5,513.53 $62,909.42
198287203 COLUMBIA PROPERTY TRUST INC US CXP 418.29 $9,599.81
199908104 COMFORT SYSTEMS US FIX 1,036.92 $45,261.77
20030NBP5 COMCAST CORP 4.40000 08/15/2035 US 184,929.26 $202,182.12
20369C106 COMMUNITY HEALTHCARE TRUST I US CHCT 2,279.91 $64,065.57
20825C104 CONOCOPHILLIPS US COP 735.31 $40,361.38
20826FAD8 CONOCOPHILLIPS COMPANY 3.35000 11/15/2024 US 266,826.5 $274,709.98
21871N101 CORECIVIC INC US CXW 2,093.66 $47,107.43
21987BAW8 CODELCO INC 3.62500 08/01/2027 CL 400,680.05 $401,116.80
222795106 COUSINS PROPERTIES INC US CUZ 2,564.79 $23,724.33
22282E102 COVANTA HOLDING CORP US CVA 2,611.03 $44,126.32
22663AAA7 ORTHO-CLINICAL DIAGNOSTI 6.62500 05/15/2022 US 22,015.39 $22,125.46
22822V101 CROWN CASTLE INTL CORP US CCI 752.93 $83,582.34
22944PAA5 CSMC 2013-TH1 A1 2.13000 02/25/2043 US 184,341.32 $176,403.40
229663109 CUBESMART US CUBE 1,739.22 $50,298.12
2347608 FIRST QUANTUM MINERALS LTD CA FM CN 4,200.54 $58,847.60
23918K108 DAVITA INC. US DVA 6,071.84 $438,690.72
23918KAR9 DAVITA INC 5.00000 05/01/2025 US 30,821.54 $30,812.30
247361702 DELTA AIR LINES INC. US DAL 568 $31,807.83
25271C102 DIAMOND OFFSHORE DRILLING US DO 5,481.83 $101,907.25
253393102 DICK'S SPORTING GOODS INC US DKS 1,695.18 $48,719.61
253868103 DIGITAL REALTY TRUST INC US DLR 486.54 $55,416.91
25470DAR0 DISCOVERY COMMUNICATIONS 3.95000 03/20/2028 US 308,215.43 $306,568.20
25470XAJ4 DISH DBS CORP 5.87500 07/15/2022 US 11,007.69 $11,062.73
256677105 DOLLAR GENERAL CORP US DG 984.09 $91,530.01
256677AC9 DOLLAR GENERAL CORP 3.25000 04/15/2023 US 198,138.49 $200,810.49
257559AH7 DOMTAR CORP 4.40000 04/01/2022 US 212,668.64 $223,733.78
26078J100 DOWDUPONT INC US DWDP 1,050.57 $74,821.90
26780TAA5 DYNAGAS LNG PARTNERS/FIN 6.25000 10/30/2019 MH 44,030.78 $44,361.01
26884U109 ENTERTAINMENT PROPERTIES TR US EPR 107.88 $7,061.52
269246BP8 E*TRADE FINANCIAL CORP 2.95000 08/24/2022 US 202,541.57 $200,831.75
28140H203 EDUCATION REALTY TRUST INC US EDR 204.74 $7,149.63
28370TAG4 KINDER MORGAN ENER PART 4.30000 05/01/2024 US 387,470.82 $403,418.24
285512109 ELECTRONIC ARTS US EA 1,924.14 $202,150.66
2866857 LUNDIN MINING CORP CA LUN CN 6,406.48 $42,607.92
291011104 EMERSON ELEC CO US EMR 622.15 $43,357.97
29250NAR6 ENBRIDGE INC 3.70000 07/15/2027 CA 213,549.26 $214,449.62
29413XAB3 ENVIVA PARTNERS LP /FIN C 8.50000 11/01/2021 US 35,224.62 $37,514.22
294429105 EQUIFAX INC US EFX 1,470.63 $173,416.44
29444U700 EQUINIX INC US EQIX 215.75 $97,782.58
294628102 EQUITY COMMONWEALTH US EQC 488.74 $14,911.51
29472R108 EQUITY LIFESTYLE PROPERTIES US ELS 143.1 $12,738.76
29476L107 EQUITY RESIDENTIAL US EQR 418.29 $26,674.50
297178105 ESSEX PROPERTY TRUST INC US ESS 30.82 $7,439.40
298736109 EURONET WORLDWIDE INC US EEFT 1,891.12 $159,364.83
30040W108 EVERSOURCE ENERGY US ES 519.56 $32,826.00
30161N101 EXELON CORP US EXC 552.59 $21,777.42
302154BV0 EXPORT-IMPORT BANK KOREA 2.62500 12/30/2020 KR 682,477.01 $676,450.06
30219G108 EXPRESS SCRIPTS HOLDING CO US ESRX 1,862.5 $139,017.13
30219GAK4 EXPRESS SCRIPTS HOLDING 3.50000 06/15/2024 US 299,409.27 $302,057.57
30225T102 EXTRA SPACE STORAGE INC US EXR 288.4 $25,220.72
30231G102 EXXON MOBIL CORP US XOM 1,380.36 $115,453.71
302491303 FMC CORP US FMC 407.28 $38,553.57
30251JAA9 FDIC 2011-R1 A 2.67200 07/25/2026 US 38,749.38 $38,758.41
30262SAR9 FREMF 2015-K42 B FLT 3.85231 12/25/2024 US 79,255.4 $81,105.83
30287EAE0 FREMF 2014-K41 B FLT 3.83172 11/25/2047 US 308,215.43 $315,133.91
30291EAE4 FREMF 2013-K712 B FLT 3.36178 05/25/2045 US 506,353.91 $510,858.49
30291HAA5 FREMF 2013-K28 X2A 0.10000 06/25/2046 US 4,920,481.88 $20,161.18
30303M102 FACEBOOK INC -A US FB 3,509.25 $619,242.75
3128M1AM1 FHLM POOL G11912 5.50000 03/01/2021 US 10,377.31 $10,649.02
3128M6HZ4 FHLM POOL G04448 5.50000 07/01/2038 US 92,198.74 $101,845.96
3128M6SU3 FHLM POOL G04731 5.50000 04/01/2038 US 2,075.89 $2,293.81
3128M73P9 FHLM POOL G05906 6.00000 04/01/2040 US 8,160.87 $9,214.33
3128M74G8 FHLM POOL G05923 5.50000 02/01/2040 US 48,430.82 $53,541.23
3128M82W3 FHLM POOL G06789 6.00000 05/01/2040 US 75,021.45 $84,327.36
3128M9ZU9 FHLM POOL G07655 5.50000 12/01/2035 US 23,907.88 $26,590.25
3128MB4Q7 FHLM POOL G13331 5.50000 10/01/2023 US 58,615.63 $61,522.19
3128MBDP9 FHLM POOL G12610 6.00000 03/01/2022 US 4,518.34 $4,742.48
3128MBUB1 FHLM POOL G13078 6.00000 03/01/2023 US 3,982 $4,192.42
3128MJ2U3 FHLM GOLD POOL FG G08786 4.50000 10/01/2047 US 332,588.41 $354,850.93
3128MJJT8 FHLM POOL G08273 5.50000 06/01/2038 US 49,987 $55,252.28
3128P75F6 FHLM POOL C91746 4.50000 12/01/2033 US 27,110.04 $29,098.13
312941ZQ3 FHLM POOL Q93451 4.50000 08/01/2040 US 245,393.43 $261,817.10
3132QUNJ8 FHLM POOL Q37592 4.00000 12/01/2045 US 82,789.59 $87,051.96
3132WJYG0 FHLM POOL Q45210 4.00000 01/01/2047 US 216,369.92 $226,298.54
3132WPDP9 FHLM GOLD POOL FG Q49109 4.00000 07/01/2047 US 238,317.05 $249,239.10
3132XSLZ1 FHLM GOLD POOL FG Q50343 4.00000 08/01/2047 US 251,744.18 $263,281.93
31336WBS7 FHLM POOL G11850 5.50000 07/01/2020 US 7,699.11 $7,858.68
3135G0ZR7 FEDERAL NATL MTG ASSN 2.62500 09/06/2024 US 1,491,762.66 $1,511,625.48
31371MLB1 FEDERAL NATL MTG ASSN 256022 5.50000 12/01/2035 US 30,096.61 $33,343.55
31371MRU3 FEDERAL NATL MTG ASSN 256199 5.00000 04/01/2021 US 5,687.42 $5,928.24
31371NDQ5 FEDERAL NATL MTG ASSN 256711 5.50000 05/01/2037 US 4,117.19 $4,537.51
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437076102 HOME DEPOT INC US HD 789.03 $149,545.14
437302AA0 HOME PARTNERS OF AMERICA FLT RT 3.10951 03/17/2033 US 180,777.7 $181,870.85
438128308 HONDA MOTOR CO LTD -SPONS ADR JP HMC 1,600.08 $54,530.67
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446150104 HUNTINGTON BANCSHARES US HBAN 1,338.54 $19,489.08
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458140100 INTEL CORP US INTC 4,012.52 $185,218.13
459200101 INTERNATIONAL BUSINESS MACH CORP US IBM 617.31 $94,707.93
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46434V621 ISHARES CORE DIVIDEND GROWTH US 1,393.57 $48,468.50
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46625H100 JP MORGAN CHASE & CO US JPM 2,736.51 $292,642.67
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478160104 JOHNSON & JOHNSON US JNJ 3,943.4 $550,971.32
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50218LAC0 LSTAR COMMERCIAL MORTGAGE TR FLT 2.76700 01/20/2041 US 6,774.99 $6,758.47
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532457108 ELI LILLY & CO US LLY 464.52 $39,233.75
534187109 LINCOLN NATL CORP IND US LNC 255.38 $19,630.94
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539830109 LOCKHEED MARTIN CORP US LMT 225.44 $72,376.73
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554382101 THE MACERICH CO US MAC 215.75 $14,170.51
559222AR5 MAGNA INTERNATIONAL INC 4.15000 10/01/2025 CA 286,200.04 $304,162.61
55933JAB0 MAGNACHIP SEMICONDUCTOR 6.62500 07/15/2021 US 35,224.62 $34,167.88
5671735 SANOFI-AVENTIS FR SAN FP 415.21 $35,746.16
57636Q104 MASTERCARD INC-CLASS A US MA 1,831.68 $277,243.12
580037AB5 MCDERMOTT INTERNATIONAL 8.00000 05/01/2021 PA 30,821.54 $31,679.92
580135101 MCDONALDS CORP US MCD 524.85 $90,336.64
58503F106 MEDLEY CAPITAL CORP US MCC 1,470.63 $7,676.68
58933Y105 MERCK & CO INC US MRK 2,368.86 $133,295.51
59001ABA9 MERITAGE HOMES CORP 5.12500 06/06/2027 US 22,015.39 $22,400.66
594918104 MICROSOFT CORP US MSFT 3,414.59 $292,083.74
59522J103 MID-AMERICA APARTMENT COMM US MAA 248.77 $25,016.70
6174467X1 MORGAN STANLEY 5.00000 11/24/2025 US 277,393.88 $303,535.97
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624758108 MUELLER WATER PRODUCTS INC - A US MWA 3,196.63 $40,053.83
62942M201 NTT DOCOMO INC -SPON ADR JP DCM 3,002.02 $71,357.97
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633067D34 NATIONAL BANK OF CANADA 1.40000 04/20/2018 CA 726,507.79 $725,790.02
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64829DAG1 NRZT 2014-3A AFX3 3.75000 11/25/2054 US 192,822.28 $196,986.15
64829EAA2 NRZT 2015-2A A1 3.75000 08/25/2055 US 230,707.95 $236,302.27
64829LAA6 NRZT 2016-4A A1 3.75000 11/25/2056 US 281,921.54 $288,064.78
654106103 NIKE INC CLASS B US NKE 486.54 $30,433.08
66727WAA0 NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 CA 68,247.7 $70,465.75
66977WAQ2 NOVA CHEMICALS CORP 4.87500 06/01/2024 CA 22,015.39 $21,960.35
66987V109 NOVARTIS AG- REG CH NVS 4,667.26 $391,863.33
67103H107 O'REILLY AUTOMOTIVE INC US ORLY 204.74 $49,248.91
680223104 OLD REPUBLIC INTL CORP US ORI 920.24 $19,674.80
683235AA3 ONTARIO (PROVINCE OF) 2.00000 09/27/2018 CA 198,138.49 $198,219.98
68323ADY7 ONTARIO (PROVINCE OF) 1.25000 06/17/2019 CA 198,138.49 $195,652.01
69007J106 OUTFRONT MEDIA INC US OUT 1,221.85 $28,347.01
69145LAA2 OXFORD FIN LLC/CO-ISS II 6.37500 12/15/2022 US 26,418.47 $27,277.07
69318FAG3 PBF HOLDING CO LLC 7.25000 06/15/2025 US 33,023.08 $34,674.24
693475105 PNC FINANCIAL SERVICES GROUP US PNC 145.3 $20,965.56
70014LAC4 PARK AEROSPACE HOLDINGS 4.50000 03/15/2023 KY 17,612.31 $16,819.76
708062104 PENNANTPARK INVESTMENT CORP US PNNT 1,413.39 $9,766.51
7110388 ROCHE HOLDING AG-GENUSSCHEIN CH ROG SW 165.12 $41,750.32
713448108 PEPSICO INC US PEP 1,194.55 $143,251.03
713448CX4 PEPSICO INC 3.10000 07/17/2022 US 216,191.11 $221,370.97
71654QCB6 PETROLEOS MEXICANOS 6.87500 08/04/2026 MX 180,526.18 $204,671.55
717081103 PFIZER INC US PFE 3,577.5 $129,577.07
71943U104 PHYSICIANS REALTY TRUST US DOC 1,525.67 $27,446.74
729640102 PLYMOUTH INDUSTRIAL REIT INC US 211.35 $3,905.71
733174AJ5 POPULAR INC 7.00000 07/01/2019 US 41,829.24 $43,502.41
741503403 PRICELINE GROUP INC US PCLN 317.02 $550,901.08
741503AZ9 PRICELINE GROUP INC/THE 3.60000 06/01/2026 US 462,323.14 $464,303.21
74251V102 PRINCIPAL FINANCIAL GROUP US PFG 281.8 $19,883.59
74333KAA6 PROG 2017-SFR2 A 2.89700 12/17/2034 US 132,092.33 $131,019.80
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744320AL6 PRUDENTIAL FINANCIAL INC 5.87500 09/15/2042 US 200,340.03 $218,871.48
74460D109 PUBLIC STORAGE INC US PSA 107.88 $22,545.96
74736K101 QORVO INC US QRVO 5,704.19 $379,898.85
747525103 QUALCOMM INC US QCOM 1,121.46 $71,796.12
749685103 RPM INTERNATIONAL INC US RPM 1,210.85 $63,472.56
755111507 RAYTHEON COMPANY US RTN 278.27 $52,273.86
758849103 REGENCY CENTERS CORP US REG 257.58 $17,819.39
75886F107 REGENERON PHARMACEUTICALS INC US REGN 885.02 $332,731.59
7591EP100 REGIONS FINANCIAL CORP. US RF 1,219.65 $21,075.59
76169C100 REXFORD INDUSTRIAL REALITY IN US REXR 490.94 $14,315.90
767754CH5 RITE AID CORP 6.12500 04/01/2023 US 6,604.62 $5,960.67
77340RAK3 ROCKIES EXPRESS PIPELINE 5.62500 04/15/2020 US 41,829.24 $43,816.13
780097AY7 ROYAL BK SCOTLND GRP PLC 6.10000 06/10/2023 GB 11,007.69 $12,121.26
780259107 ROYAL DUTCH SHELL PLC-ADR B NL RDS/B 625.24 $42,697.44
78408XAD3 SCGT 2013-SRP1 AJ FLT 3.42703 11/15/2026 US 682,477.01 $680,241.84
78442FET1 SLM CORP 6.12500 03/25/2024 US 26,418.47 $26,748.70
78442PGC4 SLM CORP 5.12500 04/05/2022 US 35,224.62 $36,633.60
78471CAB5 SOFI 2017-D A2FX 2.65000 09/25/2040 US 385,269.28 $382,931.47
785592AV8 SABINE PASS LIQUEFACTION 5.87500 06/30/2026 US 180,526.18 $202,815.43
80105N105 SANOFI-AVENTIS-ADR FR SNY 1,896.41 $81,545.44
80282KAQ9 SANTANDER HOLDINGS USA 3.40000 01/18/2023 US 281,796.96 $280,698.95
806857108 SCHLUMBERGER LTD NL SLB 4,350.24 $293,162.71
808524797 SCHWAB US DVD EQUITY ETF US 946.22 $48,418.15
81211K100 SEALED AIR CORP US SEE 5,131.79 $252,997.09
812578102 SEATTLE GENETICS INC US SGEN 5,244.07 $280,557.49
81663AAC9 SEMGROUP CORP 6.37500 03/15/2025 US 37,426.16 $36,864.77
81745CAB9 SEMT 2013-7 A2 3.00000 06/25/2043 US 147,189.59 $146,821.62
81745EAA7 SEMT 2013-8 A1 3.00000 06/25/2043 US 200,672.53 $199,743.62
81745MAA9 SEMT 2013-2 1.87400 02/25/2043 US 156,080.08 $147,422.56
81762P102 SERVICENOW INC US NOW 4,288.6 $559,190.23
81783QAC9 SEVEN GENERATIONS ENERGY 5.37500 09/30/2025 CA 22,015.39 $22,235.54
828806109 SIMON PROPERTY GROUP INC US SPG 396.28 $68,056.61
82967NAY4 SIRIUS XM RADIO INC 3.87500 08/01/2022 US 8,806.16 $8,828.17
83088M102 SKYWORKS SOLUTIONS INC US SWKS 5,666.76 $538,058.93
83401LAB0 SOFI 2015-A A2 2.42000 03/25/2030 US 259,189.69 $259,253.99
83402DAC5 SOFI 2016-C A2B 2.36000 12/27/2032 US 178,764.95 $176,503.20
83404FAB0 SOFI 2017-A A2A 1.55000 03/26/2040 US 19,604.62 $19,509.92
83404LAC5 SOFI 2016-D A2B 2.34000 04/25/2033 US 57,240.01 $56,308.48
83405DAB4 SOFI 2017-C A2A 1.75000 07/25/2040 US 25,590.54 $25,487.13
83405LAA8 SCLP 2017-5 A1 2.14000 09/25/2026 US 273,649.16 $272,934.47
834423AA3 SOLVAY FINANCE (AMERICA) 3.40000 12/03/2020 US 215,310.49 $219,855.11
835495102 SONOCO PRODUCTS CO US SON 1,158.01 $61,536.62
84265V105 SOUTHERN COPPER CORPORATION US SCCO 1,770.04 $83,988.26
84265VAH8 SOUTHERN COPPER CORP 3.87500 04/23/2025 US 193,735.41 $200,909.37
844741108 SOUTHWEST AIRLS CO US LUV 504.15 $32,996.77
845467AL3 SOUTHWESTERN ENERGY CO 6.70000 01/23/2025 US 30,821.54 $32,015.88
852061AK6 SPRINT COMMUNICATIONS 9.00000 11/15/2018 US 11,007.69 $11,586.70
852061AR1 SPRINT COMMUNICATIONS 7.00000 08/15/2020 US 11,007.69 $11,668.16
85254J102 STAG INDUSTRIAL INC US STAG 1,508.05 $41,215.12
85571BAJ4 STARWOOD PROPERTY TRUST 4.75000 03/15/2025 US 17,612.31 $17,480.22
85571XAA5 SRPT 2014-STAR A FLTG RATE 2.69703 11/15/2027 US 410,557.69 $410,852.35
862121100 STORE CAPITAL CORP US STOR 1,292.3 $33,651.58
866674104 SUN COMMUNITIES US SUI 160.71 $14,910.89
867892101 SUNSTONE HOTEL INVESTORS INC US SHO 904.83 $14,956.88
867914103 SUNTRUST BANKS INC US STI 310.42 $20,049.83
871829107 SYSCO CORP US SYY 570.64 $34,654.90
874039100 TAIWAN SEMICONDUCTOR - SP ADR TW TSM 3,203.24 $127,008.42
87470LAA9 TALLGRASS NRG PRTNR/FIN 5.50000 09/15/2024 US 46,232.31 $47,445.91
87612E106 TARGET CORP US TGT 575.04 $37,521.49
876664103 TAUBMAN CTRS INC US TCO 110.08 $7,202.33
87677QAA9 TXEZ 2016-1A 3.13100 06/15/2028 US 122,703.3 $122,836.02
87854WAA1 TECHNIPLAS LLC 10.00000 05/01/2020 US 37,426.16 $30,689.45
88033GBW9 TENET HEALTHCARE CORP 6.75000 02/01/2020 US 11,007.69 $11,117.77
88146M101 TERRENO REALTY CORP US TRNO 416.09 $14,588.14
882508104 TEXAS INSTRUMENTS INC US TXN 2,826.78 $295,228.46
88579Y101 3M CO US MMM 704.05 $165,712.74
89173CAA5 TPMT 2016-5 A1 2.50000 10/25/2056 US 474,643.74 $471,226.92
89613BAA5 TAH 2013-SFR1 A 2.58900 11/17/2033 US 356,649.28 $351,638.50
89613FAA6 TAH 2017-SFR2 A 2.92800 01/17/2036 US 220,153.88 $219,249.92
896356AE2 TRINIDAD DRILLING LTD 6.62500 02/15/2025 CA 33,023.08 $31,371.93
901109AF5 TUTOR PERINI CORP 6.87500 05/01/2025 US 33,023.08 $35,499.81
902653104 UDR INC US UDR 528.37 $20,352.79
902973304 U.S. BANCORP US USB 1,320.48 $70,751.48
903002103 UMH PROPERTIES INC US UMH 757.33 $11,284.21
90320MAA3 UPCB FINANCE IV LTD 5.37500 01/15/2025 KY 17,612.31 $17,733.83
904767704 UNILEVER PLC - ADR GB UL 6,340.43 $350,879.49
907818108 UNION PAC CORP US UNP 575.48 $77,172.17
911312106 UNITED PARCEL SERVICE US UPS 660.46 $78,694.00
912810FM5 UNITED STATES TREAS BOND 6.25000 05/15/2030 US 554,347.46 $779,356.23
912810PT9 UNITED STATES TREAS BOND 4.75000 02/15/2037 US 900,869.66 $1,200,162.49
912810QV3 UNITED STATES TREAS INFL INDEX 0.75000 02/15/2042 US 434,025.82 $438,250.05
912810RK6 US TREASURY N/B 2.50000 02/15/2045 US 625,237.01 $596,051.14
912828D23 US TREASURY N/B 1.62500 04/30/2019 US 2,210,785.22 $2,203,962.89
912828K33 UNITED STATES TREAS INFL INDEX 0.12500 04/15/2020 US 721,960.34 $720,479.78
912828K58 UNITED STATES TREAS NTS 1.37500 04/30/2020 US 2,257,457.84 $2,229,504.17
912828Q78 US TREASURY N/B 1.37500 04/30/2021 US 2,294,003.38 $2,244,359.73
912828RT9 US TREASURY N/B 1.37500 11/30/2018 US 440,307.75 $438,673.80
912828S76 US TREASURY N/B 1.12500 07/31/2021 US 1,003,461.37 $970,378.50
912828UH1 UNITED STATES TREAS INFL INDEX 0.12500 01/15/2023 US 408,604.84 $405,431.52
912828WZ9 UNITED STATES TREAS NTS 1.75000 04/30/2022 US 2,293,563.08 $2,254,052.88
913017109 UNITED TECHNOLOGIES CORP US UTX 564.91 $72,066.19
91704F104 URBAN EDGE PROPERTIES US UE 1,135.99 $28,956.49
91911KAJ1 VALEANT PHARMACEUTICALS 6.50000 03/15/2022 CA 6,604.62 $6,934.85
91913Y100 VALERO ENERGY US VLO 479.5 $44,070.40
92276F100 VENTAS INC US VTR 233.36 $14,004.12
92339V100 VEREIT INC US VER 2,256.58 $17,578.74
92343VDY7 VERIZON COMMUNICATIONS 4.12500 03/16/2027 US 391,873.9 $408,611.99
92532F100 VERTEX PHARMACEUTICALS INC US VRTX 1,444.21 $216,429.22
92826C839 VISA INC - CLASS A SHARES US V 2,456.92 $280,137.71
92826CAC6 VISA INC 2.80000 12/14/2022 US 299,409.27 $303,795.81
92903PAC3 VNO 2010 - VNO A2FX 4.00350 09/13/2028 US 22,015.39 $22,796.86
929042109 VORNADO REALTY TRUST US VNO 387.47 $30,292.47
931142103 WAL MART STORES US WMT 1,632.66 $161,225.29
94106L109 WASTE MANAGEMENT INC US WM 925.53 $79,872.97
948565AC0 WEEKLEY HOMES LLC/ FINAN 6.00000 02/01/2023 US 30,821.54 $30,667.43
94856TAA2 WEEKLEY HOMES LLC/ FINAN 6.62500 08/15/2025 US 33,023.08 $32,857.97
949746101 WELLS FARGO COMPANY US WFC 3,903.33 $236,814.92
95040Q104 WELLTOWER INC. US HCN 407.28 $25,972.54
962166104 WEYERHAEUSER CO US WY 7,344.33 $258,961.19
962178AL3 TRI POINTE HOLDINGS INC 4.37500 06/15/2019 US 22,015.39 $22,455.70
962178AN9 TRI POINTE GROUP / HOMES 5.87500 06/15/2024 US 19,813.85 $21,151.28
96949LAD7 WILLIAMS PARTNERS LP 3.75000 06/15/2027 US 295,006.19 $295,619.35
97651JAE6 WINWATER MORTGAGE LOAN TRUST 3.50000 03/20/2045 US 209,633.6 $211,656.15
97652TAA1 WIN 2015-1 A1 3.50000 01/20/2045 US 236,134.04 $239,786.80
98416JAE0 XERIUM TECHNOLOGIES INC 9.50000 08/15/2021 US 22,015.39 $22,290.58
98919V105 ZAYO GROUP HOLDINGS INC US ZAYO 5,728.4 $210,805.26
98954UAB9 ZIGGO BOND FINANCE BV 6.00000 01/15/2027 NL 8,806.16 $8,586.00
B15C557 TOTAL SA FR FP FP 501.95 $27,707.57
B1VWPC8 UK TSY 5% 2018 5.00000 03/07/2018 GB 39,187.39 $53,353.18
B1YY4B3 UNIBAIL-RODAMCO SE FR UL NA 59.44 $14,958.54
B3FP8W8 CANADA HOUSING TRUST 4.10000 12/15/2018 CA 48,433.85 $39,450.66
B3ZD2V9 MEX BONOS DESARR FIX RT 6.50000 06/10/2021 MX 176,123.1 $8,651.42
B4888C1 CANADIAN GOVERNMENT FLT 2.75000 06/01/2022 CA 61,643.09 $50,933.77
B4NDCC9 MEX BONOS DESARR FIX RT 6.50000 06/09/2022 MX 484,338.53 $23,578.57
B4YN9R2 SINGAPORE GOVERNMENT 2.50000 06/01/2019 SG 105,673.86 $79,933.51
B5W0S97 ROYAL BANK OF CANADA 3.77000 03/30/2018 CA 55,038.47 $44,031.21
B615Y14 MEX BONOS DESARR FIX RT 8.00000 06/11/2020 MX 792,553.95 $40,634.39
B6TC406 MEX BONOS DESARR FIX RT 7.75000 05/29/2031 MX 154,107.71 $7,841.96
BBG00B6C5VY1 REGN US 01/19/18 P350 US -2.2 -$325.83
BBG00BKPTRR7 LULU US 01/19/18 C80 CA -10.13 -$1,853.26
BBG00J640583 MDT US 12/29/17 P77.5 IE -10.13 -$30.38
BBG00JG6RS79 SWKS US 12/29/17 C97.5 US -8.37 -$41.83
BGHQ198 HIBERNIA REIT PLC IE HBRN ID 7,549.08 $13,803.98
BMMV2K8 TENCENT HOLDINGS LTD CN 700 HK 2,870.81 $148,587.08
BP269Z8 AXIA REAL ESTATE SOCIMI SA ES AXIA SM 317.02 $7,006.55
BYYHL23 ANHEUSER-BUSCH INBEV SA/NV BE ABI BB 2,267.58 $253,155.69
G29183103 EATON CORP PLC US ETN 490.5 $38,754.63
G3157S106 ENSCO INTERNATIONAL INC US ESV 8,471.52 $50,066.69
G37585AC3 GASLOG LTD 8.87500 03/22/2022 BM 28,620 $30,265.65
G5960L103 MEDTRONIC INC IE MDT 5,198.27 $419,760.57
G6518L108 NIELSEN HOLDINGS PLC US NLSN 8,354.84 $304,116.16
G96629103 WILLIS TOWERS WATSON PLC GB WLTW 127.69 $19,241.49
G97822103 PERRIGO CO PLC IE PRGO 501.95 $43,750.03
H1467J104 CHUBB LTD CH CB 200.34 $29,275.69
H8817H100 TRANSOCEAN LTD US RIG 12,632.43 $134,914.35
N47279109 INTERXION HOLDING NX NL INXN 455.72 $26,855.49
N53745100 LYONDELLBASELL INDU-CL A US LYB 409.49 $45,174.52
USD US DOLLAR US 812,852.14 $812,852.14

Based on the investments of the underlying fund(s): Manning & Napier Pro-Mix® Conservative Term CIT Fund. Investments will change over time. 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 over 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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