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 13% - 47%.

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.

Target Series Glide Path Overview

Learn more about our Glide Range SM

Daily Price

$19.12

Daily $ Change

$0.12

Daily % Change

0.63%

as of 06/23/2022

CUSIP

302027651

Inception Date

05/31/2007

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 05/31/2022

YTD

-8.17%

1 Year

-6.38%

3 Year

4.52%

5 Year

4.27%

10 Year

4.55%

Inception
(01/01/2000)

5.50%

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. 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 0.72%
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 05/31/2022

TREASURY NOTES 26.81%
GOVERNMENT AGENCY 7.25%
TREASURY BONDS 2.08%
AMAZON.COM INC 1.57%
TENCENT HOLDINGS 3.97500 04/11/2029 1.42%
CENOVUS ENERGY INC 6.75000 11/15/2039 1.06%
JOHNSON & JOHNSON 1.04%
SIMON PROPERTY GROUP LP 2.65000 02/01/2032 1.02%
MICROSOFT CORP 1.01%
MASTERCARD INC-CLASS A 0.90%

This investment list is unaudited and excludes cash.

Asset Allocation

As of 05/31/2022

Bonds 66.48%
Stocks 28.65%
Cash 4.87%

Detailed Asset Class Allocation

As of 05/31/2022

International Equities 7.67%
Small Capitalization 0.55%
Mid Capitalization 2.10%
Large Capitalization 18.32%
Long Term Fixed Income 16.44%
Intermediate Term Fixed Income 32.33%
Short Term Fixed Income 17.72%
Cash 4.87%

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

May Fund Holdings

As of 05/31/2022

Security Description Country Ticker Shares/Par Market Value (USD)
ABBOTT LABORATORIES US ABT 63.92 $7,508.44
ACTIVISION INC US ATVI 1,713.75 $133,467.09
ADIDAS AG-SPONSORED ADR DE ADDYY 1,157.6 $114,764.03
AERCAP IRELAND CAP/GLOBA 3.00000 10/29/2028 IE 180,945.97 $158,681.91
ADYEN NV UNSPON ADR NL ADYEY 8,048.84 $124,596.07
AGREE REALTY CORP US ADC 116.88 $8,131.03
AIR LIQUIDE-ADR FR AIQUY 6,097.39 $212,859.72
AIR LEASE CORP 3.62500 04/01/2027 US 176,777.37 $168,114.51
ALASKA AIR 2020-1 CL B 8.00000 08/15/2025 US 17,646.77 $18,513.91
ALIBABA GROUP HOLDING 4.00000 12/06/2037 KY 359,601.41 $313,084.59
ALIBAB GROUP HOLDINGS 2.12500 02/09/2031 KY 95,237.1 $79,222.54
ALLSTATE CORPORATION US ALL 24.21 $3,308.64
ALPHABET INC-CL A US GOOGL 102.77 $233,835.38
AMAZON.COM INC US AMZN 295.48 $710,390.12
AMAZON.COM INC 3.30000 04/13/2027 US 337,658.92 $337,347.85
DIAGEO PLC GB DGE LN 2,608.06 $121,173.65
AMERICAN HOMES 4 RENT- A US AMH 416.25 $15,384.63
AMERICAN TOWER REIT INC US AMT 62.15 $15,917.45
ANALOG DEVICES INC US ADI 36.95 $6,223.07
APPLE HOSPITALITY REIT INC US APLE 1,418.38 $23,701.20
ARBOR REALTY TRUST INC 8.00000 04/30/2023 US 20,194.19 $20,428.47
ARCHER-DANIELS-MIDLAND CO US ADM 42.01 $3,815.75
ASHTEAD CAPITAL INC 4.00000 05/01/2028 US 161,477.06 $153,548.77
AUTOMATIC DATA PROCESSING US ADP 25.45 $5,673.13
AVALONBAY COMMUNITIES INC US AVB 98.92 $20,571.69
AVALON HOLDINGS FNDG LTD 2.75000 02/21/2028 KY 460,855.07 $399,347.14
BNSF FUNDING TRUST I 6.61300 12/15/2055 US 152,284.82 $154,168.49
BANK OF AMERICA CORP 2.68700 04/22/2032 US 281,283.18 $246,097.77
BARRICK GOLD CORP CA GOLD 3,975.01 $81,447.96
BAXTER INTERNATIONAL INC US BAX 32.27 $2,453.97
BEST BUY INC US BBY 22.94 $1,882.30
BIOMARIN PHARMACEUTICAL INC US BMRN 3,125.89 $234,847.94
BLACKROCK INC US BLK 181.75 $121,605.38
BLACKSTONE PRIVATE CRE 2.62500 12/15/2026 US 189,787.16 $165,121.59
BLACKSTONE SECURED LEND 2.75000 09/16/2026 US 185,450.56 $168,712.47
DECHRA PHARMACEUTICALS PLC GB DPH LN 433.96 $19,891.70
BRANDYWINE REALTY TRUST US BDN 705.39 $7,865.06
BRISTOL MYERS SQUIBB CO US BMY 112.62 $8,497.40
BROADRIDGE FINANCIAL SOLUTIONS US BR 12.48 $1,824.36
JONAH ENERGY PARENT LLC US 803.26 $43,103.19
SORT 2020-1 A1 MTGE 1.69000 07/15/2060 US 144,212.69 $132,305.10
SORT 2020-1 A2 1.99000 07/15/2060 US 117,646.85 $103,304.95
C.H. ROBINSON WORLDWIDE INC US CHRW 16.19 $1,757.15
CIM 2019-INV1 A1 4.00000 02/25/2049 US 5,893.41 $5,886.55
COMM 2014-UBS4 A5 3.69400 08/10/2047 US 214,385.1 $213,803.33
COMM 2015-DC1 A5 FLT 3.35000 02/10/2048 US 119,102.83 $116,902.74
CSMC 2013-IVR3 A1 2.50000 05/25/2043 US 42,950.22 $40,297.29
COTERRA ENERGY INC US CTRA 61.6 $2,114.81
CAMDEN PROPERTY TRUST US CPT 95.15 $13,652.39
CAMECO CORP CA CCJ 296.6 $7,257.71
CAMPBELL SOUP CO US CPB 36.22 $1,735.43
CANADIAN NATIONAL RAILWAY CO CA CNI 1,707.61 $194,292.40
CARETRUST REIT INC US CTRE 470.96 $8,726.95
CATERPILLAR INC US CAT 32.79 $7,077.07
CENOVUS ENERGY INC 6.75000 11/15/2039 CA 426,177.36 $480,261.47
CENTURYLINK INC 7.50000 04/01/2024 US 22,629.54 $23,410.70
CHARTER COMMUNICATIONS INC-A US CHTR 457.23 $231,782.03
CHEVRON CORP US CVX 60.29 $10,530.64
CINCINNATI FINANCIAL CORP US CINF 16.98 $2,171.63
CISCO SYSTEMS INC US CSCO 205.34 $9,250.44
CITIGROUP INC US C 125.25 $6,689.81
CITIGROUP INC 1.46200 06/09/2027 US 268,868.91 $242,189.68
CLARK CNTY NV 1.51000 11/01/2028 US 325,489.11 $286,345.83
COCA COLA CO/THE US KO 3,686.47 $233,648.43
COLGATE-PALMOLIVE CO US CL 58.28 $4,593.38
COMCAST CORP-CL A US CMCSA 220.22 $9,751.43
CBSLT 2019-AGS A1 MTGE 2.54000 01/25/2047 US 42,921.38 $41,906.49
COMMUNITY HEALTHCARE TRUST I US CHCT 245.38 $9,245.81
CONAGRA BRAND INC. US CAG 54.18 $1,781.87
CONOCOPHILLIPS US COP 55.59 $6,246.00
CONTROLADORA VUELA CIA DE AV MX VLRS 528.48 $8,233.66
COPART INC US CPRT 1,025.66 $117,468.85
COUSINS PROPERTIES INC US CUZ 581.15 $20,078.87
CAALT 2021-3A B MTGE 1.38000 07/15/2030 US 116,125.26 $108,943.73
CAALT 2021-2A A 0.96000 02/15/2030 US 204,004.22 $196,371.96
CROWN CASTLE INTL CORP 3.10000 11/15/2029 US 211,729.66 $192,553.58
CSMC 2013-TH1 A1 2.13000 02/25/2043 US 25,667.43 $23,398.07
CUMMINS INC US CMI 13.7 $2,865.25
COLO 2021-2A A2 MTGE 2.40000 10/25/2051 US 167,676.66 $152,847.27
KIMBERLY CLARK DE MEXICO S.A.B. MX 10,796.87 $16,705.10
DEVON ENERGY CORPORATION US DVN 41.52 $3,109.94
DIAMONDBACK ENERGY INC US FANG 13.07 $1,987.26
DIGITAL REALTY TRUST INC US DLR 179.02 $24,989.60
DOLLAR GENERAL CORP US DG 628.45 $138,473.72
DOLLAR TREE STORES INC US DLTR 888.95 $142,525.68
DOW INC US DOW 44.63 $3,033.65
DUKE RLTY INVTS INC US DRE 405.48 $21,421.24
EOG RESOURCES INC US EOG 30.47 $4,173.67
EASTMAN CHEM CO US EMN 15.52 $1,709.86
EBAY INC US EBAY 39.82 $1,938.05
ECO MATERIAL TECH INC 7.87500 01/31/2027 US 24,660.55 $23,368.57
ELECTRONIC ARTS US EA 1,045.12 $144,906.23
EMERSON ELEC CO US EMR 45.36 $4,021.35
ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 US 362,823.45 $379,417.85
EQUINIX INC US EQIX 289.66 $199,023.03
EQUITY LIFESTYLE PROPERTIES US ELS 358.48 $27,136.67
ESSEX PROPERTY TRUST INC US ESS 60.94 $17,297.29
EXPEDIA GROUP INC 3.25000 02/15/2030 US 181,709.48 $160,675.13
EXTRA SPACE STORAGE INC US EXR 89 $15,859.11
FMC CORP US FMC 2,544.86 $311,948.99
FREMF 2015-K42 B FLT 3.84863 01/25/2048 US 45,900.95 $45,312.73
FS ENERGY & POWER FUND 7.50000 08/15/2023 US 57,566.77 $58,631.63
FREMF 2015-K43 B FLT 3.73230 02/25/2048 US 136,968.26 $134,624.09
FREMF 2014-K41 B FLT 3.83302 11/25/2047 US 178,503.69 $176,687.04
FREMF 2013-K28 X2A 0.10000 06/25/2046 US 8,145,632.05 $3,841.56
META PLATFORMS INC US FB 1,966.64 $380,820.39
FHLM POOL G03332 6.00000 10/01/2037 US 1,401.57 $1,552.18
FHLM POOL G05900 6.00000 03/01/2040 US 2,773.48 $3,089.06
FHLM POOL G05906 6.00000 04/01/2040 US 5,382.4 $5,947.43
FHLM POOL G06789 6.00000 05/01/2040 US 16,572.8 $18,383.23
FHLM POOL G06995 6.00000 05/01/2040 US 8,645.32 $9,585.92
FHLM POOL G13331 5.50000 10/01/2023 US 959.83 $975.71
FHLM POOL G12988 6.00000 01/01/2023 US 12.84 $12.87
FHLM POOL G13078 6.00000 03/01/2023 US 41.04 $41.20
FHLM GOLD POOL FG G08786 4.50000 10/01/2047 US 63,317.96 $65,236.75
FHLM POOL FG G08734 4.00000 11/01/2046 US 4,057.85 $4,117.08
FHLM POOL C91746 4.50000 12/01/2033 US 4,619.84 $4,796.43
FHLM POOL Q93451 4.50000 08/01/2040 US 49,932.09 $52,160.03
FEDERAL NATL MTG ASSN SD8044 3.00000 02/01/2050 US 326,454.05 $314,086.29
FHLM POOL SD8230 4.50000 06/01/2052 US 298,026.52 $303,708.13
FHLM GOLD POOL FG Q51334 4.00000 10/01/2047 US 28,044.72 $28,489.51
FHLM POOL G60034 4.50000 02/01/2045 US 65,353.32 $68,194.21
FNA 2017-M15 A1 FLT 2.95843 09/25/2027 US 42,107.87 $42,006.33
FNR 2018-31 KP 3.50000 07/25/2047 US 6,410.55 $6,448.78
FHMS K030 X1 FLT 0.14558 04/25/2023 US 9,188,647.21 $10,685.75
FHMS K032 X1 FLT 0.06799 05/25/2023 US 5,664,312.89 $4,855.79
FHR 5189 CP 2.50000 06/25/2049 US 100,200.69 $93,174.72
FEDERAL NATL MTG ASSN AH5442 4.50000 05/01/2041 US 25,532.62 $26,645.71
FEDERAL NATL MTG ASSN AH9054 4.50000 04/01/2041 US 4,906.52 $5,120.41
FEDERAL NATL MTG ASSN AI5316 4.50000 07/01/2041 US 7,296.46 $7,614.55
FEDERAL NATL MTG ASSN AL6624 4.50000 09/01/2042 US 9,681.91 $10,104.00
FEDERAL NATL MTG ASSN AL7767 4.50000 06/01/2044 US 36,485.5 $38,076.08
FEDERAL NATL MTG ASSN AL8674 FLT 5.65900 01/01/2049 US 143,814.96 $157,230.32
FEDERAL NATL MTG ASSN AS4103 4.50000 12/01/2044 US 71,375.44 $74,429.11
FEDERAL NATL MTG ASSN 745932 6.50000 11/01/2036 US 1,224.05 $1,369.96
FEDERAL NATL MTG ASSN BC6764 3.50000 04/01/2046 US 9,252.31 $9,212.28
FEDERAL NATL MTG ASSN BC8677 4.00000 05/01/2046 US 35,704.71 $36,196.05
FEDERAL NATL MTG ASSN BD6987 4.00000 10/01/2046 US 29,318.1 $29,721.55
FEDERAL NATL MTG ASSN BK0433 3.50000 12/01/2049 US 191,067.04 $189,208.58
FEDERAL NATL MTG ASSN FN FS1179 3.50000 12/01/2049 US 317,704.59 $315,950.44
FEDERAL NATL MTG ASSN 888810 5.50000 11/01/2022 US 5.18 $5.18
FEDERAL NATL MTG ASSN 889576 6.00000 04/01/2038 US 8,739.16 $9,678.78
FEDERAL NATL MTG ASSN 899735 6.50000 09/01/2037 US 833.01 $909.38
FEDERAL NATL MTG ASSN 941175 6.00000 11/01/2037 US 407.68 $437.58
FEDERAL NATL MTG ASSN 949709 6.50000 09/01/2037 US 3,489.03 $3,923.17
FEDERAL NATL MTG ASSN 954580 6.00000 02/01/2038 US 2,058.42 $2,251.06
FEDERAL NATL MTG ASSN 962276 6.00000 03/01/2038 US 561.01 $609.69
FEDERAL NATL MTG ASSN 962981 6.00000 05/01/2038 US 1,267.65 $1,391.51
FEDERAL NATL MTG ASSN 973297 4.50000 03/01/2023 US 126.83 $127.60
FEDERAL NATL MTG ASSN 976388 4.50000 04/01/2023 US 1,254.08 $1,258.97
FEDERAL NATL MTG ASSN 981635 5.00000 06/01/2038 US 811.4 $862.65
FEDERAL NATL MTG ASSN 981650 5.00000 06/01/2038 US 833.81 $886.47
FEDERAL NATL MTG ASSN MA0258 4.50000 12/01/2039 US 1,621.02 $1,691.89
FEDERAL NATL MTG ASSN MA1834 4.50000 02/01/2034 US 38,819.9 $40,286.90
FEDERAL NATL MTG ASSN MA1903 4.50000 05/01/2034 US 34,614.09 $35,922.15
FEDERAL NATL MTG ASSN FN MA3184 4.50000 11/01/2047 US 31,481.64 $32,407.45
FEDERAL NATL MTG ASSN FN MA3412 3.50000 07/01/2038 US 24,958.16 $24,973.31
FEDERAL NATL MTG FN MA4203 2.50000 12/01/2040 US 369,029.72 $347,121.46
FEDERAL NATL MTG ASSN MA4600 3.50000 05/01/2052 US 328,164.21 $321,933.57
FEDERAL NATL MTG ASSN MA4644 4.00000 05/01/2052 US 324,165.04 $324,585.57
FEDERAL NATL MTG ASSN FN MA4687 4.00000 06/01/2042 US 323,885.62 $327,803.02
FEDERAL NATL MTG ASSN AD0119 6.00000 07/01/2038 US 4,351.72 $4,797.92
FEDERAL NATL MTG ASSN AD0220 6.00000 10/01/2038 US 5,639.24 $6,227.14
FEDERAL NATL MTG ASSN AD0462 5.50000 10/01/2024 US 139.33 $143.64
FEDERAL NATL MTG ASSN AE0951 4.50000 02/01/2041 US 11,902 $12,422.09
FEDEX CORPORATION US FDX 529.41 $118,894.78
FIFTH THIRD BANCORP US FITB 65.86 $2,596.96
FLX 2021-1A A2 3.25000 11/27/2051 US 273,281.97 $253,213.40
FONTAINEBLEAU MIAMI BEACH TRUST 3.14400 12/10/2036 US 193,696.24 $186,656.52
FORD MOTOR CREDIT 3.08700 01/09/2023 US 12,208.04 $12,196.82
FREMF 2015-K720 B FLT 3.45856 07/25/2022 US 46,645.04 $46,638.74
GSMBS 2021-PJ6 A8 2.50000 11/25/2051 US 260,894.17 $242,464.66
GSMBS 2021-PJ9 A8 2.50000 02/26/2052 US 130,042.15 $120,605.23
GSMBS 2021-INV1 A6 2.50000 12/25/2051 US 64,207.77 $59,833.71
GSMBS 2021-INV1 A9 1.43446 12/25/2051 US 106,016.16 $100,325.30
GSMBS 2022-PJ1 A8 2.50000 05/28/2052 US 77,173.3 $71,331.27
GNMA POOL 660997 5.50000 05/15/2037 US 4,963.31 $5,282.14
GENERAL DYNAMICS CORP US GD 19.97 $4,491.37
GENERAL MLS INC US GIS 49.49 $3,456.91
GENUINE PARTS CO US GPC 15.4 $2,105.98
GETTY REALTY CORP US GTY 317.57 $8,872.84
GILEAD SCIENCES INC US GILD 87.12 $5,649.50
GOODG 2020-1A MTGE 2.63000 04/15/2055 US 71,766.64 $65,790.17
GNR 2017-54 AH MTGE 2.60000 12/16/2056 US 53,083.15 $51,698.84
GRAPHIC PACKAGING HOLDING CO US GPK 10,177.92 $226,560.49
GREENIDGE GEN HLD INC US 1,163.25 $23,171.85
GRUPO AEROPORTUARIO PAC-ADR MX PAC 57.33 $8,620.58
GRUPO AEROPORTUARIO DEL SURESTE MX ASR 42.61 $9,259.05
AIRBUS SE FR AIR FP 116.38 $13,639.51
ADIDAS AG DE ADS GR 132.64 $26,350.63
HCA INC 4.12500 06/15/2029 US 242,849.33 $236,400.77
L'OREAL FR OR FP 14.71 $5,197.10
HAWAII ST 2.68200 10/01/2038 US 166,577.16 $131,909.66
HEALTHCARE REALTY TRUST INC US HR 406.56 $11,818.81
HEALTHCARE TRUST OF AMERICA US HTA 278.79 $8,377.74
HEINEKEN NV-SPN ADR NL HEINY 2,423.38 $122,235.14
HOME DEPOT INC US HD 43.89 $13,288.95
HONEYWELL INTERNATIONAL INC US HON 40 $7,744.58
IDEXX LABORATORIES INC US IDXX 323.09 $126,527.46
KERRY GROUP PLC-A IE KYGA ID 95.74 $9,908.39
ILLINOIS TOOL WKS INC US ITW 23.37 $4,862.96
IMPRL 2021-NQM3 1.59500 11/25/2056 US 155,129.12 $147,270.27
INDEPENDENCE REALTY TRUST IN US IRT 421 $9,897.63
INTEL CORP US INTC 218.85 $9,721.28
INTERCONTINENTALEXCHANGE INC US ICE 2,476.93 $253,612.92
INTERNATIONAL FLVRS & FRAGRANCES US IFF 23.25 $3,073.30
INVITATION HOMES INC US INVH 673 $25,385.53
ITALY GOV'T INT BOND 2.37500 10/17/2024 IT 39,792.87 $38,922.37
JP MORGAN CHASE & CO US JPM 122.32 $16,174.45
JPMMT 2014-2 1A1 3.00000 06/25/2029 US 40,845.62 $39,530.89
JPMORGAN CHASE & CO 4.49300 03/24/2031 US 400,157.79 $405,452.94
JOHNSON & JOHNSON US JNJ 2,635.64 $473,175.90
KREF 2021-FL2 A 1.95671 02/15/2039 US 102,002.11 $98,807.67
KEYCORP US KEY 75.9 $1,514.95
KROGER CO US KR 58.87 $3,118.46
L3HARRIS TECHNOLOGIES INC US LHX 560.9 $135,120.87
BEIERSDORF AG DE BEI GR 216.92 $22,514.02
LENNAR CORP US LEN 21.55 $1,729.52
LIFE STORAGE INC US LSI 156.32 $18,252.11
LOCKHEED MARTIN CORP US LMT 15.22 $6,700.17
LULULEMON - ADR CA LULU 504.52 $147,668.88
MAGALLANES INC 4.05400 03/15/2029 US 418,267.68 $400,968.06
ATOS SE FR ATO FP 703.14 $18,509.84
MARATHON PETROLEUM CORP US MPC 31.83 $3,240.40
MARRIOTT VACATIONS WORLD US VAC 66.47 $9,819.67
MASTERCARD INC-CLASS A US MA 1,140.17 $408,033.69
MCDONALDS CORP US MCD 26.18 $6,602.43
ACCOR SA FR AC FP 303.52 $9,987.28
MERCADOLIBRE INC AR MELI 19.15 $15,052.93
MERCK & CO INC US MRK 124.74 $11,480.04
MICROSOFT CORP US MSFT 1,683.02 $457,563.80
MICROCHIP TECHNOLOGY INC US MCHP 36.16 $2,627.25
MID-AMERICA APARTMENT COMM US MAA 126.07 $22,818.55
MONDELEZ INTERNATIONAL INC US MDLZ 4,594.49 $292,025.79
MOODY'S CORPORATION US MCO 748.94 $225,858.75
MOTOROLA SOLUTIONS INC US MSI 14.31 $3,145.31
NYMT 2022-CP1 A1 2.04240 07/25/2061 US 72,664.5 $69,094.42
NAVIENT CORP 6.75000 06/25/2025 US 55,398.47 $55,915.61
NETAPP INC US NTAP 25.45 $1,830.90
NRZT 2014-3A AFX3 3.75000 11/25/2054 US 54,089.21 $53,129.34
NRZT 2015-2A A1 3.75000 08/25/2055 US 60,133.06 $58,582.96
NRZT 2016-4A A1 3.75000 11/25/2056 US 94,194.16 $92,052.91
KEYENCE CORP JP 6861 JP 55.28 $21,976.54
NEW YORK CITY NY TRANSITIONALFIN 1.58000 05/01/2024 US 87,877.17 $85,307.12
NEWCASTLE COAL INFRASTRU 4.40000 09/29/2027 AU 183,496.02 $166,794.32
NEWMONT GOLDCORP CORP US NEM 1,199.58 $81,391.26
NEXPOINT RESIDENTIAL US NXRT 120.2 $8,832.31
NORFOLK SOUTHN CORP US NSC 539.22 $129,230.26
NIKON CORP JP 7731 JP 1,850.68 $22,963.82
NORTHROP GRUMMAN CORP US NOC 302.38 $141,502.82
NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 CA 57,055.25 $5.71
NOVARTIS AG- REG CH NVS 3,667.57 $333,529.02
NUCOR CORP US NUE 22.39 $2,965.16
OBX 2022-INV1 A1 3.00000 12/25/2051 US 79,556.58 $72,538.99
OMNICOM GROUP US OMC 25.57 $1,907.48
SONY CORP FIRST SECTION JP 6758 JP 193.92 $18,188.07
OWL ROCK TECHNOLOGY 3.75000 06/17/2026 US 167,768.19 $156,225.38
OXFIN 2020-1A A2 3.10100 02/15/2028 US 155,997.62 $155,097.88
OXFIN 2019-1A A2 4.45900 02/15/2027 US 121,505.07 $121,216.64
OXFIN 2022-1A 3.60200 02/15/2030 US 244,887.87 $233,099.02
PMTLT 2013-J1 a9 3.50000 09/25/2043 US 14,072.31 $13,378.72
PPG INDUSTRIES INC US PPG 15.34 $1,940.73
PACKAGING CORP OF AMERICA US PKG 11.33 $1,781.76
PARKER HANNIFIN CORP US PH 8.46 $2,303.22
DEUTSCHE BOERSE AG DE DB1 GR 177.84 $29,888.02
PAYPAL HOLDINGS INC US PYPL 2,524.63 $215,123.83
PEAR 2021-1 A MTGE 2.60000 01/15/2034 US 308,016.76 $296,414.66
NESTLE SA-REGISTERED CH NESN SW 2,041.82 $249,749.21
PFIZER INC US PFE 179.98 $9,546.24
PIONEER NATURAL RESOURCES CO US PXD 13.33 $3,704.20
POPULAR INC 6.12500 09/14/2023 PR 55,398.47 $56,025.48
PROCTER & GAMBLE CO US PG 96.25 $14,233.56
PROLOGIS US PLD 620.96 $79,159.63
PFMT 2021 -INV1 A1 2.50000 08/25/2051 US 259,978.64 $228,363.66
PFMT 2021-2 A2A 2.00000 04/25/2051 US 166,385.12 $150,730.91
PUBLIC STORAGE INC US PSA 112.86 $37,316.38
QUALCOMM INC US QCOM 64.6 $9,251.33
QUALCOMM INC 4.25000 05/20/2032 US 317,166.97 $329,336.02
QUEST DIAGNOSTICS INC US DGX 14.49 $2,043.72
RCKT 2021-6 A1 2.50000 12/25/2051 US 230,968.54 $202,595.94
RADIUS GLOBAL INFRASTRUCTURE US RADI 2,072.61 $30,881.82
RAILWORKS HOLDINGS LP/R 8.25000 11/15/2028 US 69,255.76 $67,018.70
REGIONS FINANCIAL CORP. US RF 101.43 $2,240.59
REPUBLIC SERVICES INC US RSG 26.18 $3,503.70
RESTAURANT BRANDS INTERN CA QSR 197.74 $10,383.43
REXFORD INDUSTRIAL REALITY IN US REXR 383.43 $24,489.69
GETINGE AB-B SHS SE GETIB SS 681.6 $19,780.82
ROSS STORES INC US ROST 22.74 $1,933.58
HEINEKEN NV NL HEIA NA 154.14 $15,498.89
RYANAIR HOLDINGS - ADR IE RYAAY 1,542.92 $134,542.66
SBA TOWER TRUST 1.88400 01/15/2026 US 103,023.95 $96,133.00
S&P GLOBAL INC US SPGI 249.87 $87,323.88
SBA COMMUNICATIONS CORP US SBAC 1,180.79 $397,466.74
NAVIENT CORP 5.50000 01/25/2023 US 24,958.3 $25,063.23
SLMA 2006-10 A6 FLT 1.33400 03/25/2044 US 26,614.33 $25,269.85
SMB 2015 B A3 2.62471 05/17/2032 US 168,509.52 $169,692.41
SMB 2020-BA A1A 1.29000 07/15/2053 US 170,130.16 $158,622.84
SOFI 2017-D A2FX 2.65000 09/25/2040 US 50,770.48 $50,264.89
SALESFORCE INC US CRM 1,521.68 $243,833.72
SEA LTD - ADR SG SE 2,047.22 $169,223.39
SEAGEN INC US SGEN 2,038.74 $276,615.56
SEMT 2013-6 A2 3.00000 05/25/2043 US 49,579.09 $46,430.56
SEMT 2013-7 A2 3.00000 06/25/2043 US 27,914.4 $26,156.25
SEMT 2013-8 A1 3.00000 06/25/2043 US 32,283.01 $30,321.26
SEMT 2013-2 1.87400 02/25/2043 US 24,932.75 $22,580.57
SERVICENOW INC US NOW 499.66 $233,576.64
SHOPIFY INC CA SHOP 19.31 $7,242.98
SIMON PROPERTY GROUP LP 2.65000 02/01/2032 US 535,187.76 $462,207.11
SKYWORKS SOLUTIONS INC US SWKS 13.64 $1,485.19
SMB 2019-B A2A 2.84000 06/15/2037 US 129,892.65 $125,997.53
JM SMUCKER CO/THE-NEW COM WI US SJM 12.6 $1,579.15
SOFI 2017-F A2FX 2.84000 01/25/2041 US 3,682.6 $3,636.72
SOFI 2016-C A2B 2.36000 12/27/2032 US 3,576.42 $3,572.29
SOFI 2016-D A2B 2.34000 04/25/2033 US 3,941.28 $3,917.10
SOFI 2018-B A2FX MTGE 3.34000 08/25/2047 US 39,102.94 $38,836.28
SONY CORP SPONSORED ADR JP SONY 1,453.74 $136,753.68
SOUTH CAROLINA ST PUBLIC SVC 1.85200 12/01/2026 US 73,951.53 $67,973.87
SOUTH CAROLINA ST PUBLIC SVC 2.32900 12/01/2028 US 45,854.59 $41,283.65
SOUTHWEST AIRLINES CO 5.25000 05/04/2025 US 293,437.93 $306,306.55
STANLEY BLACK & DECKER INC US SWK 12.54 $1,487.94
SRPT 2014-STAR A FLTG RATE 2.34500 11/15/2027 US 315,752.71 $217,046.98
STEEL DYNAMICS INC US STLD 22.68 $1,936.68
STR 2019-1 A1 MTGE 2.82000 11/20/2049 US 73,192.97 $68,261.85
SUN COMMUNITIES US SUI 186.57 $30,622.36
SCML 2019-SBC8 2.86000 04/25/2041 US 72,222.07 $67,814.72
SYNCHRONOSS TECH US 2,422.22 $53,724.81
SYNERGY ONE LENDING 5.50000 10/14/2026 US 60,628.34 $54,080.80
TJX COMPANIES INC US TJX 57.2 $3,636.50
TACORA RESOURCES INC 8.25000 05/15/2026 CA 12,208.04 $11,647.76
TAIWAN SEMICONDUCTOR - SP ADR TW TSM 1,585.03 $151,053.72
TARGET CORP US TGT 21.79 $3,527.33
TENCENT HOLDINGS 3.97500 04/11/2029 KY 668,171.66 $643,810.13
TERRENO REALTY CORP US TRNO 214.16 $13,001.37
TEXAS INSTRUMENTS INC US TXN 37.75 $6,671.82
THERMO FISHER SCIENTIFIC INC US TMO 240.06 $136,251.91
3M CO US MMM 38.66 $5,770.82
TPMT 2016-5 A1 2.50000 10/25/2056 US 56,568.94 $56,321.94
TPMT 2017-1 A1 2.75000 10/25/2056 US 27,736.78 $27,627.59
TPMT 2019-HY1 A1 2.00571 10/25/2048 US 47,220 $46,749.89
TRACTOR SUPPLY COMPANY US TSCO 8.28 $1,552.05
TRAVELLERS COS INC US TRV 19.67 $3,522.06
TAH 2017-SFR2 A 2.92800 01/17/2036 US 51,315.2 $50,725.35
TCF 2021-1A 1.86000 03/20/2046 US 242,233.73 $212,539.21
TYSON FOODS INC -CL A US TSN 31.42 $2,815.31
UDR INC US UDR 462.08 $22,087.62
U.S. BANCORP US USB 101.34 $5,377.96
UNILEVER PLC - ADR GB UL 6,485.68 $313,452.79
UNION PAC CORP US UNP 35.49 $7,800.27
UNITED AIR 2019-2 B PTT 3.50000 05/01/2028 US 51,693.05 $46,529.90
UNITED AIR 2018-1 B PTT 4.60000 03/01/2026 US 9,922.59 $9,295.16
UNITED MEXICAN STATES 4.12500 01/21/2026 MX 11,910.28 $12,092.41
UNITED PARCEL SERVICE US UPS 677.02 $123,386.00
US TREASURY N/BB 3.87500 08/15/2040 US 510,653.39 $559,484.63
US TREASURY N/B 2.50000 02/15/2045 US 541,852.52 $469,125.75
US TREASURY N/B 2.00000 02/15/2050 US 598,571.78 $472,217.02
US TREASURY N/B 1.62500 05/15/2026 US 3,194,201.35 $3,053,706.42
UNITED STATES TREAS NTS 1.75000 05/15/2023 US 1,062,096.97 $1,058,238.58
US TREASURY N/B 2.50000 05/15/2024 US 2,739,207.73 $2,738,886.73
US TREASURY N/B 2.37500 05/15/2027 US 1,208,595.99 $1,182,441.23
UNITED STATES TREAS NTS 2.12500 05/15/2025 US 3,403,069.33 $3,345,642.54
US TREASURY N/B 1.62500 05/15/2031 US 244,160.81 $220,812.93
VF CORP US VFC 30.55 $1,541.55
VENTAS INC US VTR 224.68 $12,748.13
VERTEX PHARMACEUTICALS INC US VRTX 961.17 $258,219.48
PARAMOUNT GLOBAL CLASS B US PARA 50.21 $1,723.54
VISA INC - CLASS A SHARES US V 1,856.7 $393,935.76
VISTRA OPERATIONS CO LLC 3.55000 07/15/2024 US 75,592.66 $74,201.18
VISTRA OPERATIONS 4.87500 05/13/2024 US 262,959.53 $263,958.36
WAL MART STORES US WMT 105.77 $13,604.98
WALGREENS BOOTS ALLIANCE INC US WBA 57.31 $2,511.77
WARRIOR MET COAL INC 7.87500 12/01/2028 US 11,475.24 $11,639.34
WASTE MANAGEMENT INC US WM 29.84 $4,729.21
WELLTOWER INC. US WELL 259.81 $23,146.48
WIN 2015-1 A1 3.50000 01/20/2045 US 18,121.06 $17,324.96
ZOETIS INC US ZTS 354.98 $60,676.69
BNY MELLON CASH RESERVE EOD FUND US 23.95 $23.95
ADMIRAL GROUP PLC GB ADM LN 829.54 $23,224.99
GRUPO AEROPORTUARIO DEL CENT MX OMAB MM 962.75 $6,937.70
UBISOFT ENTERTAINMENT FR UBI FP 357.12 $18,774.93
DANONE FR BN FP 178.58 $10,507.12
AIR LIQUIDE FR AI FP 202.4 $35,454.65
CANADIAN GOVERNMENT FLT 2.75000 06/01/2022 CA 57,139.25 $45,174.72
MEX BONOS DESARR FIX RT 6.50000 06/09/2022 MX 518,711.47 $26,352.75
BRENNTAG AG DE BNR GR 321.73 $24,894.73
MEX BONOS DESARR FIX RT 7.75000 05/29/2031 MX 148,803.26 $7,154.47
KEYWORDS STUDIOS PLC IE KWS LN 173.53 $5,127.52
S4 CAPITAL PLC GB SFOR LN 3,527.99 $12,618.15
HELIOS TOWERS PLC GB HTWS LN 5,590.12 $8,009.20
AVANZA BANK HOLDING AB SE AZA SS 677.91 $16,332.32
AMERICAN TANKER INC 7.75000 07/02/2025 US 59,437.31 $56,465.44
SOFTWAREONE HOLDING AG CH SWON SW 1,049.29 $14,014.06
FLAGSHIP COMMUNITIES REIT UT US MHC/U CN 659 $11,651.12
SEASPAN CORP 6.50000 02/05/2024 MH 74,821.62 $74,633.45
PETROTAL CORP 12.00000 02/16/2024 CA 51,153.52 $52,688.12
FINECOBANK SPA IT FBK IM 2,127.51 $30,148.11
ALLFUNDS GROUP PLC GB ALLFG NA 1,028.3 $9,379.66
COPPER MOUNTAIN MINING C 8.00000 04/09/2026 CA 33,406.96 $33,386.00
AIRSWIFT GLOBAL AS FLT 10.38899 05/12/2025 NO 74,821.62 $74,946.07
KENT GLOBAL PLC 10.00000 06/28/2026 GB 24,362.79 $24,119.16
ROTORK PLC GB ROR LN 4,408.29 $15,514.58
AUTO TRADER GROUP PLC GB AUTO LN 3,749.5 $27,893.16
CELLNEX TELECOM SA ES CLNX SM 176.53 $7,966.63
ASSA ABLOY AB-B SE ASSAB SS 950.5 $23,430.84
CLEANAWAY WASTE MANAGEMENT AU CWY AU 9,100.31 $19,502.92
INTERMEDIATE CAPITAL GROUP GB ICP LN 854.05 $16,956.46
ADYEN NV NL ADYEN NA 16.04 $24,841.78
BANK OF N.T. BUTTERFIELD&SON BM NTB 320.28 $10,114.37
BUNGE LIMITED US BG 16.12 $1,906.98
EATON CORP PLC US ETN 31.6 $4,379.20
JOHNSON CONTROLS INTERNATIONAL US JCI 57.12 $3,113.57
MEDTRONIC INC IE MDT 1,647.81 $165,028.17
ROYALTY PHARMA PLC- CL A US RPRX 43.95 $1,808.26
STONECO LTD-A BR STNE 1,000.95 $10,049.54
TRANE TECHNOLOGIES IE TT 14.91 $2,058.38
ALCON INC CH ALC 2,157.9 $161,259.98
CHUBB LTD CH CB 27.94 $5,903.21
GARMIN LTD CH GRMN 20.76 $2,192.74
TE CONNECTIVITY LIMITED CH TEL 20.82 $2,693.92
LYONDELLBASELL INDU-CL A US LYB 21.49 $2,455.47
PLAYA HOTELS AND RESORTS US PLYA 918.14 $7,932.72
US DOLLAR US 2,321,259.47 $2,321,259.47
BROOGE PETROLEUM AND GAS 8.50000 09/24/2025 AE 59,368.42 $59,314.17

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 50 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

$19.12

Daily $ Change

$0.12

Daily % Change

0.63%

as of 06/23/2022

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 13% - 47%.

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.

Target Series Glide Path Overview

Learn more about our Glide Range SM

Performance

As of 05/31/2022

YTD

-8.17%

1 Year

-6.38%

3 Year

4.52%

5 Year

4.27%

10 Year

4.55%

Inception
(01/01/2000)

5.50%

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. 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 0.72%
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 05/31/2022

TREASURY NOTES 26.81%
GOVERNMENT AGENCY 7.25%
TREASURY BONDS 2.08%
AMAZON.COM INC 1.57%
TENCENT HOLDINGS 3.97500 04/11/2029 1.42%
CENOVUS ENERGY INC 6.75000 11/15/2039 1.06%
JOHNSON & JOHNSON 1.04%
SIMON PROPERTY GROUP LP 2.65000 02/01/2032 1.02%
MICROSOFT CORP 1.01%
MASTERCARD INC-CLASS A 0.90%

This investment list is unaudited and excludes cash.

Asset Allocation

As of 05/31/2022

Bonds
66.48%
Stocks
28.65%
Cash
4.87%

Detailed Asset Class Allocation

As of 05/31/2022

International Equities
7.67%
Small Capitalization
0.55%
Mid Capitalization
2.10%
Large Capitalization
18.32%
Long Term Fixed Income
16.44%
Intermediate Term Fixed Income
32.33%
Short Term Fixed Income
17.72%
Cash
4.87%

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

May Fund Holdings

As of 05/31/2022

Security Description Country Ticker Shares/Par Market Value (USD)
ABBOTT LABORATORIES US ABT 63.92 $7,508.44
ACTIVISION INC US ATVI 1,713.75 $133,467.09
ADIDAS AG-SPONSORED ADR DE ADDYY 1,157.6 $114,764.03
AERCAP IRELAND CAP/GLOBA 3.00000 10/29/2028 IE 180,945.97 $158,681.91
ADYEN NV UNSPON ADR NL ADYEY 8,048.84 $124,596.07
AGREE REALTY CORP US ADC 116.88 $8,131.03
AIR LIQUIDE-ADR FR AIQUY 6,097.39 $212,859.72
AIR LEASE CORP 3.62500 04/01/2027 US 176,777.37 $168,114.51
ALASKA AIR 2020-1 CL B 8.00000 08/15/2025 US 17,646.77 $18,513.91
ALIBABA GROUP HOLDING 4.00000 12/06/2037 KY 359,601.41 $313,084.59
ALIBAB GROUP HOLDINGS 2.12500 02/09/2031 KY 95,237.1 $79,222.54
ALLSTATE CORPORATION US ALL 24.21 $3,308.64
ALPHABET INC-CL A US GOOGL 102.77 $233,835.38
AMAZON.COM INC US AMZN 295.48 $710,390.12
AMAZON.COM INC 3.30000 04/13/2027 US 337,658.92 $337,347.85
DIAGEO PLC GB DGE LN 2,608.06 $121,173.65
AMERICAN HOMES 4 RENT- A US AMH 416.25 $15,384.63
AMERICAN TOWER REIT INC US AMT 62.15 $15,917.45
ANALOG DEVICES INC US ADI 36.95 $6,223.07
APPLE HOSPITALITY REIT INC US APLE 1,418.38 $23,701.20
ARBOR REALTY TRUST INC 8.00000 04/30/2023 US 20,194.19 $20,428.47
ARCHER-DANIELS-MIDLAND CO US ADM 42.01 $3,815.75
ASHTEAD CAPITAL INC 4.00000 05/01/2028 US 161,477.06 $153,548.77
AUTOMATIC DATA PROCESSING US ADP 25.45 $5,673.13
AVALONBAY COMMUNITIES INC US AVB 98.92 $20,571.69
AVALON HOLDINGS FNDG LTD 2.75000 02/21/2028 KY 460,855.07 $399,347.14
BNSF FUNDING TRUST I 6.61300 12/15/2055 US 152,284.82 $154,168.49
BANK OF AMERICA CORP 2.68700 04/22/2032 US 281,283.18 $246,097.77
BARRICK GOLD CORP CA GOLD 3,975.01 $81,447.96
BAXTER INTERNATIONAL INC US BAX 32.27 $2,453.97
BEST BUY INC US BBY 22.94 $1,882.30
BIOMARIN PHARMACEUTICAL INC US BMRN 3,125.89 $234,847.94
BLACKROCK INC US BLK 181.75 $121,605.38
BLACKSTONE PRIVATE CRE 2.62500 12/15/2026 US 189,787.16 $165,121.59
BLACKSTONE SECURED LEND 2.75000 09/16/2026 US 185,450.56 $168,712.47
DECHRA PHARMACEUTICALS PLC GB DPH LN 433.96 $19,891.70
BRANDYWINE REALTY TRUST US BDN 705.39 $7,865.06
BRISTOL MYERS SQUIBB CO US BMY 112.62 $8,497.40
BROADRIDGE FINANCIAL SOLUTIONS US BR 12.48 $1,824.36
JONAH ENERGY PARENT LLC US 803.26 $43,103.19
SORT 2020-1 A1 MTGE 1.69000 07/15/2060 US 144,212.69 $132,305.10
SORT 2020-1 A2 1.99000 07/15/2060 US 117,646.85 $103,304.95
C.H. ROBINSON WORLDWIDE INC US CHRW 16.19 $1,757.15
CIM 2019-INV1 A1 4.00000 02/25/2049 US 5,893.41 $5,886.55
COMM 2014-UBS4 A5 3.69400 08/10/2047 US 214,385.1 $213,803.33
COMM 2015-DC1 A5 FLT 3.35000 02/10/2048 US 119,102.83 $116,902.74
CSMC 2013-IVR3 A1 2.50000 05/25/2043 US 42,950.22 $40,297.29
COTERRA ENERGY INC US CTRA 61.6 $2,114.81
CAMDEN PROPERTY TRUST US CPT 95.15 $13,652.39
CAMECO CORP CA CCJ 296.6 $7,257.71
CAMPBELL SOUP CO US CPB 36.22 $1,735.43
CANADIAN NATIONAL RAILWAY CO CA CNI 1,707.61 $194,292.40
CARETRUST REIT INC US CTRE 470.96 $8,726.95
CATERPILLAR INC US CAT 32.79 $7,077.07
CENOVUS ENERGY INC 6.75000 11/15/2039 CA 426,177.36 $480,261.47
CENTURYLINK INC 7.50000 04/01/2024 US 22,629.54 $23,410.70
CHARTER COMMUNICATIONS INC-A US CHTR 457.23 $231,782.03
CHEVRON CORP US CVX 60.29 $10,530.64
CINCINNATI FINANCIAL CORP US CINF 16.98 $2,171.63
CISCO SYSTEMS INC US CSCO 205.34 $9,250.44
CITIGROUP INC US C 125.25 $6,689.81
CITIGROUP INC 1.46200 06/09/2027 US 268,868.91 $242,189.68
CLARK CNTY NV 1.51000 11/01/2028 US 325,489.11 $286,345.83
COCA COLA CO/THE US KO 3,686.47 $233,648.43
COLGATE-PALMOLIVE CO US CL 58.28 $4,593.38
COMCAST CORP-CL A US CMCSA 220.22 $9,751.43
CBSLT 2019-AGS A1 MTGE 2.54000 01/25/2047 US 42,921.38 $41,906.49
COMMUNITY HEALTHCARE TRUST I US CHCT 245.38 $9,245.81
CONAGRA BRAND INC. US CAG 54.18 $1,781.87
CONOCOPHILLIPS US COP 55.59 $6,246.00
CONTROLADORA VUELA CIA DE AV MX VLRS 528.48 $8,233.66
COPART INC US CPRT 1,025.66 $117,468.85
COUSINS PROPERTIES INC US CUZ 581.15 $20,078.87
CAALT 2021-3A B MTGE 1.38000 07/15/2030 US 116,125.26 $108,943.73
CAALT 2021-2A A 0.96000 02/15/2030 US 204,004.22 $196,371.96
CROWN CASTLE INTL CORP 3.10000 11/15/2029 US 211,729.66 $192,553.58
CSMC 2013-TH1 A1 2.13000 02/25/2043 US 25,667.43 $23,398.07
CUMMINS INC US CMI 13.7 $2,865.25
COLO 2021-2A A2 MTGE 2.40000 10/25/2051 US 167,676.66 $152,847.27
KIMBERLY CLARK DE MEXICO S.A.B. MX 10,796.87 $16,705.10
DEVON ENERGY CORPORATION US DVN 41.52 $3,109.94
DIAMONDBACK ENERGY INC US FANG 13.07 $1,987.26
DIGITAL REALTY TRUST INC US DLR 179.02 $24,989.60
DOLLAR GENERAL CORP US DG 628.45 $138,473.72
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DOW INC US DOW 44.63 $3,033.65
DUKE RLTY INVTS INC US DRE 405.48 $21,421.24
EOG RESOURCES INC US EOG 30.47 $4,173.67
EASTMAN CHEM CO US EMN 15.52 $1,709.86
EBAY INC US EBAY 39.82 $1,938.05
ECO MATERIAL TECH INC 7.87500 01/31/2027 US 24,660.55 $23,368.57
ELECTRONIC ARTS US EA 1,045.12 $144,906.23
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ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 US 362,823.45 $379,417.85
EQUINIX INC US EQIX 289.66 $199,023.03
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EXPEDIA GROUP INC 3.25000 02/15/2030 US 181,709.48 $160,675.13
EXTRA SPACE STORAGE INC US EXR 89 $15,859.11
FMC CORP US FMC 2,544.86 $311,948.99
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META PLATFORMS INC US FB 1,966.64 $380,820.39
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FEDEX CORPORATION US FDX 529.41 $118,894.78
FIFTH THIRD BANCORP US FITB 65.86 $2,596.96
FLX 2021-1A A2 3.25000 11/27/2051 US 273,281.97 $253,213.40
FONTAINEBLEAU MIAMI BEACH TRUST 3.14400 12/10/2036 US 193,696.24 $186,656.52
FORD MOTOR CREDIT 3.08700 01/09/2023 US 12,208.04 $12,196.82
FREMF 2015-K720 B FLT 3.45856 07/25/2022 US 46,645.04 $46,638.74
GSMBS 2021-PJ6 A8 2.50000 11/25/2051 US 260,894.17 $242,464.66
GSMBS 2021-PJ9 A8 2.50000 02/26/2052 US 130,042.15 $120,605.23
GSMBS 2021-INV1 A6 2.50000 12/25/2051 US 64,207.77 $59,833.71
GSMBS 2021-INV1 A9 1.43446 12/25/2051 US 106,016.16 $100,325.30
GSMBS 2022-PJ1 A8 2.50000 05/28/2052 US 77,173.3 $71,331.27
GNMA POOL 660997 5.50000 05/15/2037 US 4,963.31 $5,282.14
GENERAL DYNAMICS CORP US GD 19.97 $4,491.37
GENERAL MLS INC US GIS 49.49 $3,456.91
GENUINE PARTS CO US GPC 15.4 $2,105.98
GETTY REALTY CORP US GTY 317.57 $8,872.84
GILEAD SCIENCES INC US GILD 87.12 $5,649.50
GOODG 2020-1A MTGE 2.63000 04/15/2055 US 71,766.64 $65,790.17
GNR 2017-54 AH MTGE 2.60000 12/16/2056 US 53,083.15 $51,698.84
GRAPHIC PACKAGING HOLDING CO US GPK 10,177.92 $226,560.49
GREENIDGE GEN HLD INC US 1,163.25 $23,171.85
GRUPO AEROPORTUARIO PAC-ADR MX PAC 57.33 $8,620.58
GRUPO AEROPORTUARIO DEL SURESTE MX ASR 42.61 $9,259.05
AIRBUS SE FR AIR FP 116.38 $13,639.51
ADIDAS AG DE ADS GR 132.64 $26,350.63
HCA INC 4.12500 06/15/2029 US 242,849.33 $236,400.77
L'OREAL FR OR FP 14.71 $5,197.10
HAWAII ST 2.68200 10/01/2038 US 166,577.16 $131,909.66
HEALTHCARE REALTY TRUST INC US HR 406.56 $11,818.81
HEALTHCARE TRUST OF AMERICA US HTA 278.79 $8,377.74
HEINEKEN NV-SPN ADR NL HEINY 2,423.38 $122,235.14
HOME DEPOT INC US HD 43.89 $13,288.95
HONEYWELL INTERNATIONAL INC US HON 40 $7,744.58
IDEXX LABORATORIES INC US IDXX 323.09 $126,527.46
KERRY GROUP PLC-A IE KYGA ID 95.74 $9,908.39
ILLINOIS TOOL WKS INC US ITW 23.37 $4,862.96
IMPRL 2021-NQM3 1.59500 11/25/2056 US 155,129.12 $147,270.27
INDEPENDENCE REALTY TRUST IN US IRT 421 $9,897.63
INTEL CORP US INTC 218.85 $9,721.28
INTERCONTINENTALEXCHANGE INC US ICE 2,476.93 $253,612.92
INTERNATIONAL FLVRS & FRAGRANCES US IFF 23.25 $3,073.30
INVITATION HOMES INC US INVH 673 $25,385.53
ITALY GOV'T INT BOND 2.37500 10/17/2024 IT 39,792.87 $38,922.37
JP MORGAN CHASE & CO US JPM 122.32 $16,174.45
JPMMT 2014-2 1A1 3.00000 06/25/2029 US 40,845.62 $39,530.89
JPMORGAN CHASE & CO 4.49300 03/24/2031 US 400,157.79 $405,452.94
JOHNSON & JOHNSON US JNJ 2,635.64 $473,175.90
KREF 2021-FL2 A 1.95671 02/15/2039 US 102,002.11 $98,807.67
KEYCORP US KEY 75.9 $1,514.95
KROGER CO US KR 58.87 $3,118.46
L3HARRIS TECHNOLOGIES INC US LHX 560.9 $135,120.87
BEIERSDORF AG DE BEI GR 216.92 $22,514.02
LENNAR CORP US LEN 21.55 $1,729.52
LIFE STORAGE INC US LSI 156.32 $18,252.11
LOCKHEED MARTIN CORP US LMT 15.22 $6,700.17
LULULEMON - ADR CA LULU 504.52 $147,668.88
MAGALLANES INC 4.05400 03/15/2029 US 418,267.68 $400,968.06
ATOS SE FR ATO FP 703.14 $18,509.84
MARATHON PETROLEUM CORP US MPC 31.83 $3,240.40
MARRIOTT VACATIONS WORLD US VAC 66.47 $9,819.67
MASTERCARD INC-CLASS A US MA 1,140.17 $408,033.69
MCDONALDS CORP US MCD 26.18 $6,602.43
ACCOR SA FR AC FP 303.52 $9,987.28
MERCADOLIBRE INC AR MELI 19.15 $15,052.93
MERCK & CO INC US MRK 124.74 $11,480.04
MICROSOFT CORP US MSFT 1,683.02 $457,563.80
MICROCHIP TECHNOLOGY INC US MCHP 36.16 $2,627.25
MID-AMERICA APARTMENT COMM US MAA 126.07 $22,818.55
MONDELEZ INTERNATIONAL INC US MDLZ 4,594.49 $292,025.79
MOODY'S CORPORATION US MCO 748.94 $225,858.75
MOTOROLA SOLUTIONS INC US MSI 14.31 $3,145.31
NYMT 2022-CP1 A1 2.04240 07/25/2061 US 72,664.5 $69,094.42
NAVIENT CORP 6.75000 06/25/2025 US 55,398.47 $55,915.61
NETAPP INC US NTAP 25.45 $1,830.90
NRZT 2014-3A AFX3 3.75000 11/25/2054 US 54,089.21 $53,129.34
NRZT 2015-2A A1 3.75000 08/25/2055 US 60,133.06 $58,582.96
NRZT 2016-4A A1 3.75000 11/25/2056 US 94,194.16 $92,052.91
KEYENCE CORP JP 6861 JP 55.28 $21,976.54
NEW YORK CITY NY TRANSITIONALFIN 1.58000 05/01/2024 US 87,877.17 $85,307.12
NEWCASTLE COAL INFRASTRU 4.40000 09/29/2027 AU 183,496.02 $166,794.32
NEWMONT GOLDCORP CORP US NEM 1,199.58 $81,391.26
NEXPOINT RESIDENTIAL US NXRT 120.2 $8,832.31
NORFOLK SOUTHN CORP US NSC 539.22 $129,230.26
NIKON CORP JP 7731 JP 1,850.68 $22,963.82
NORTHROP GRUMMAN CORP US NOC 302.38 $141,502.82
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NOVARTIS AG- REG CH NVS 3,667.57 $333,529.02
NUCOR CORP US NUE 22.39 $2,965.16
OBX 2022-INV1 A1 3.00000 12/25/2051 US 79,556.58 $72,538.99
OMNICOM GROUP US OMC 25.57 $1,907.48
SONY CORP FIRST SECTION JP 6758 JP 193.92 $18,188.07
OWL ROCK TECHNOLOGY 3.75000 06/17/2026 US 167,768.19 $156,225.38
OXFIN 2020-1A A2 3.10100 02/15/2028 US 155,997.62 $155,097.88
OXFIN 2019-1A A2 4.45900 02/15/2027 US 121,505.07 $121,216.64
OXFIN 2022-1A 3.60200 02/15/2030 US 244,887.87 $233,099.02
PMTLT 2013-J1 a9 3.50000 09/25/2043 US 14,072.31 $13,378.72
PPG INDUSTRIES INC US PPG 15.34 $1,940.73
PACKAGING CORP OF AMERICA US PKG 11.33 $1,781.76
PARKER HANNIFIN CORP US PH 8.46 $2,303.22
DEUTSCHE BOERSE AG DE DB1 GR 177.84 $29,888.02
PAYPAL HOLDINGS INC US PYPL 2,524.63 $215,123.83
PEAR 2021-1 A MTGE 2.60000 01/15/2034 US 308,016.76 $296,414.66
NESTLE SA-REGISTERED CH NESN SW 2,041.82 $249,749.21
PFIZER INC US PFE 179.98 $9,546.24
PIONEER NATURAL RESOURCES CO US PXD 13.33 $3,704.20
POPULAR INC 6.12500 09/14/2023 PR 55,398.47 $56,025.48
PROCTER & GAMBLE CO US PG 96.25 $14,233.56
PROLOGIS US PLD 620.96 $79,159.63
PFMT 2021 -INV1 A1 2.50000 08/25/2051 US 259,978.64 $228,363.66
PFMT 2021-2 A2A 2.00000 04/25/2051 US 166,385.12 $150,730.91
PUBLIC STORAGE INC US PSA 112.86 $37,316.38
QUALCOMM INC US QCOM 64.6 $9,251.33
QUALCOMM INC 4.25000 05/20/2032 US 317,166.97 $329,336.02
QUEST DIAGNOSTICS INC US DGX 14.49 $2,043.72
RCKT 2021-6 A1 2.50000 12/25/2051 US 230,968.54 $202,595.94
RADIUS GLOBAL INFRASTRUCTURE US RADI 2,072.61 $30,881.82
RAILWORKS HOLDINGS LP/R 8.25000 11/15/2028 US 69,255.76 $67,018.70
REGIONS FINANCIAL CORP. US RF 101.43 $2,240.59
REPUBLIC SERVICES INC US RSG 26.18 $3,503.70
RESTAURANT BRANDS INTERN CA QSR 197.74 $10,383.43
REXFORD INDUSTRIAL REALITY IN US REXR 383.43 $24,489.69
GETINGE AB-B SHS SE GETIB SS 681.6 $19,780.82
ROSS STORES INC US ROST 22.74 $1,933.58
HEINEKEN NV NL HEIA NA 154.14 $15,498.89
RYANAIR HOLDINGS - ADR IE RYAAY 1,542.92 $134,542.66
SBA TOWER TRUST 1.88400 01/15/2026 US 103,023.95 $96,133.00
S&P GLOBAL INC US SPGI 249.87 $87,323.88
SBA COMMUNICATIONS CORP US SBAC 1,180.79 $397,466.74
NAVIENT CORP 5.50000 01/25/2023 US 24,958.3 $25,063.23
SLMA 2006-10 A6 FLT 1.33400 03/25/2044 US 26,614.33 $25,269.85
SMB 2015 B A3 2.62471 05/17/2032 US 168,509.52 $169,692.41
SMB 2020-BA A1A 1.29000 07/15/2053 US 170,130.16 $158,622.84
SOFI 2017-D A2FX 2.65000 09/25/2040 US 50,770.48 $50,264.89
SALESFORCE INC US CRM 1,521.68 $243,833.72
SEA LTD - ADR SG SE 2,047.22 $169,223.39
SEAGEN INC US SGEN 2,038.74 $276,615.56
SEMT 2013-6 A2 3.00000 05/25/2043 US 49,579.09 $46,430.56
SEMT 2013-7 A2 3.00000 06/25/2043 US 27,914.4 $26,156.25
SEMT 2013-8 A1 3.00000 06/25/2043 US 32,283.01 $30,321.26
SEMT 2013-2 1.87400 02/25/2043 US 24,932.75 $22,580.57
SERVICENOW INC US NOW 499.66 $233,576.64
SHOPIFY INC CA SHOP 19.31 $7,242.98
SIMON PROPERTY GROUP LP 2.65000 02/01/2032 US 535,187.76 $462,207.11
SKYWORKS SOLUTIONS INC US SWKS 13.64 $1,485.19
SMB 2019-B A2A 2.84000 06/15/2037 US 129,892.65 $125,997.53
JM SMUCKER CO/THE-NEW COM WI US SJM 12.6 $1,579.15
SOFI 2017-F A2FX 2.84000 01/25/2041 US 3,682.6 $3,636.72
SOFI 2016-C A2B 2.36000 12/27/2032 US 3,576.42 $3,572.29
SOFI 2016-D A2B 2.34000 04/25/2033 US 3,941.28 $3,917.10
SOFI 2018-B A2FX MTGE 3.34000 08/25/2047 US 39,102.94 $38,836.28
SONY CORP SPONSORED ADR JP SONY 1,453.74 $136,753.68
SOUTH CAROLINA ST PUBLIC SVC 1.85200 12/01/2026 US 73,951.53 $67,973.87
SOUTH CAROLINA ST PUBLIC SVC 2.32900 12/01/2028 US 45,854.59 $41,283.65
SOUTHWEST AIRLINES CO 5.25000 05/04/2025 US 293,437.93 $306,306.55
STANLEY BLACK & DECKER INC US SWK 12.54 $1,487.94
SRPT 2014-STAR A FLTG RATE 2.34500 11/15/2027 US 315,752.71 $217,046.98
STEEL DYNAMICS INC US STLD 22.68 $1,936.68
STR 2019-1 A1 MTGE 2.82000 11/20/2049 US 73,192.97 $68,261.85
SUN COMMUNITIES US SUI 186.57 $30,622.36
SCML 2019-SBC8 2.86000 04/25/2041 US 72,222.07 $67,814.72
SYNCHRONOSS TECH US 2,422.22 $53,724.81
SYNERGY ONE LENDING 5.50000 10/14/2026 US 60,628.34 $54,080.80
TJX COMPANIES INC US TJX 57.2 $3,636.50
TACORA RESOURCES INC 8.25000 05/15/2026 CA 12,208.04 $11,647.76
TAIWAN SEMICONDUCTOR - SP ADR TW TSM 1,585.03 $151,053.72
TARGET CORP US TGT 21.79 $3,527.33
TENCENT HOLDINGS 3.97500 04/11/2029 KY 668,171.66 $643,810.13
TERRENO REALTY CORP US TRNO 214.16 $13,001.37
TEXAS INSTRUMENTS INC US TXN 37.75 $6,671.82
THERMO FISHER SCIENTIFIC INC US TMO 240.06 $136,251.91
3M CO US MMM 38.66 $5,770.82
TPMT 2016-5 A1 2.50000 10/25/2056 US 56,568.94 $56,321.94
TPMT 2017-1 A1 2.75000 10/25/2056 US 27,736.78 $27,627.59
TPMT 2019-HY1 A1 2.00571 10/25/2048 US 47,220 $46,749.89
TRACTOR SUPPLY COMPANY US TSCO 8.28 $1,552.05
TRAVELLERS COS INC US TRV 19.67 $3,522.06
TAH 2017-SFR2 A 2.92800 01/17/2036 US 51,315.2 $50,725.35
TCF 2021-1A 1.86000 03/20/2046 US 242,233.73 $212,539.21
TYSON FOODS INC -CL A US TSN 31.42 $2,815.31
UDR INC US UDR 462.08 $22,087.62
U.S. BANCORP US USB 101.34 $5,377.96
UNILEVER PLC - ADR GB UL 6,485.68 $313,452.79
UNION PAC CORP US UNP 35.49 $7,800.27
UNITED AIR 2019-2 B PTT 3.50000 05/01/2028 US 51,693.05 $46,529.90
UNITED AIR 2018-1 B PTT 4.60000 03/01/2026 US 9,922.59 $9,295.16
UNITED MEXICAN STATES 4.12500 01/21/2026 MX 11,910.28 $12,092.41
UNITED PARCEL SERVICE US UPS 677.02 $123,386.00
US TREASURY N/BB 3.87500 08/15/2040 US 510,653.39 $559,484.63
US TREASURY N/B 2.50000 02/15/2045 US 541,852.52 $469,125.75
US TREASURY N/B 2.00000 02/15/2050 US 598,571.78 $472,217.02
US TREASURY N/B 1.62500 05/15/2026 US 3,194,201.35 $3,053,706.42
UNITED STATES TREAS NTS 1.75000 05/15/2023 US 1,062,096.97 $1,058,238.58
US TREASURY N/B 2.50000 05/15/2024 US 2,739,207.73 $2,738,886.73
US TREASURY N/B 2.37500 05/15/2027 US 1,208,595.99 $1,182,441.23
UNITED STATES TREAS NTS 2.12500 05/15/2025 US 3,403,069.33 $3,345,642.54
US TREASURY N/B 1.62500 05/15/2031 US 244,160.81 $220,812.93
VF CORP US VFC 30.55 $1,541.55
VENTAS INC US VTR 224.68 $12,748.13
VERTEX PHARMACEUTICALS INC US VRTX 961.17 $258,219.48
PARAMOUNT GLOBAL CLASS B US PARA 50.21 $1,723.54
VISA INC - CLASS A SHARES US V 1,856.7 $393,935.76
VISTRA OPERATIONS CO LLC 3.55000 07/15/2024 US 75,592.66 $74,201.18
VISTRA OPERATIONS 4.87500 05/13/2024 US 262,959.53 $263,958.36
WAL MART STORES US WMT 105.77 $13,604.98
WALGREENS BOOTS ALLIANCE INC US WBA 57.31 $2,511.77
WARRIOR MET COAL INC 7.87500 12/01/2028 US 11,475.24 $11,639.34
WASTE MANAGEMENT INC US WM 29.84 $4,729.21
WELLTOWER INC. US WELL 259.81 $23,146.48
WIN 2015-1 A1 3.50000 01/20/2045 US 18,121.06 $17,324.96
ZOETIS INC US ZTS 354.98 $60,676.69
BNY MELLON CASH RESERVE EOD FUND US 23.95 $23.95
ADMIRAL GROUP PLC GB ADM LN 829.54 $23,224.99
GRUPO AEROPORTUARIO DEL CENT MX OMAB MM 962.75 $6,937.70
UBISOFT ENTERTAINMENT FR UBI FP 357.12 $18,774.93
DANONE FR BN FP 178.58 $10,507.12
AIR LIQUIDE FR AI FP 202.4 $35,454.65
CANADIAN GOVERNMENT FLT 2.75000 06/01/2022 CA 57,139.25 $45,174.72
MEX BONOS DESARR FIX RT 6.50000 06/09/2022 MX 518,711.47 $26,352.75
BRENNTAG AG DE BNR GR 321.73 $24,894.73
MEX BONOS DESARR FIX RT 7.75000 05/29/2031 MX 148,803.26 $7,154.47
KEYWORDS STUDIOS PLC IE KWS LN 173.53 $5,127.52
S4 CAPITAL PLC GB SFOR LN 3,527.99 $12,618.15
HELIOS TOWERS PLC GB HTWS LN 5,590.12 $8,009.20
AVANZA BANK HOLDING AB SE AZA SS 677.91 $16,332.32
AMERICAN TANKER INC 7.75000 07/02/2025 US 59,437.31 $56,465.44
SOFTWAREONE HOLDING AG CH SWON SW 1,049.29 $14,014.06
FLAGSHIP COMMUNITIES REIT UT US MHC/U CN 659 $11,651.12
SEASPAN CORP 6.50000 02/05/2024 MH 74,821.62 $74,633.45
PETROTAL CORP 12.00000 02/16/2024 CA 51,153.52 $52,688.12
FINECOBANK SPA IT FBK IM 2,127.51 $30,148.11
ALLFUNDS GROUP PLC GB ALLFG NA 1,028.3 $9,379.66
COPPER MOUNTAIN MINING C 8.00000 04/09/2026 CA 33,406.96 $33,386.00
AIRSWIFT GLOBAL AS FLT 10.38899 05/12/2025 NO 74,821.62 $74,946.07
KENT GLOBAL PLC 10.00000 06/28/2026 GB 24,362.79 $24,119.16
ROTORK PLC GB ROR LN 4,408.29 $15,514.58
AUTO TRADER GROUP PLC GB AUTO LN 3,749.5 $27,893.16
CELLNEX TELECOM SA ES CLNX SM 176.53 $7,966.63
ASSA ABLOY AB-B SE ASSAB SS 950.5 $23,430.84
CLEANAWAY WASTE MANAGEMENT AU CWY AU 9,100.31 $19,502.92
INTERMEDIATE CAPITAL GROUP GB ICP LN 854.05 $16,956.46
ADYEN NV NL ADYEN NA 16.04 $24,841.78
BANK OF N.T. BUTTERFIELD&SON BM NTB 320.28 $10,114.37
BUNGE LIMITED US BG 16.12 $1,906.98
EATON CORP PLC US ETN 31.6 $4,379.20
JOHNSON CONTROLS INTERNATIONAL US JCI 57.12 $3,113.57
MEDTRONIC INC IE MDT 1,647.81 $165,028.17
ROYALTY PHARMA PLC- CL A US RPRX 43.95 $1,808.26
STONECO LTD-A BR STNE 1,000.95 $10,049.54
TRANE TECHNOLOGIES IE TT 14.91 $2,058.38
ALCON INC CH ALC 2,157.9 $161,259.98
CHUBB LTD CH CB 27.94 $5,903.21
GARMIN LTD CH GRMN 20.76 $2,192.74
TE CONNECTIVITY LIMITED CH TEL 20.82 $2,693.92
LYONDELLBASELL INDU-CL A US LYB 21.49 $2,455.47
PLAYA HOTELS AND RESORTS US PLYA 918.14 $7,932.72
US DOLLAR US 2,321,259.47 $2,321,259.47
BROOGE PETROLEUM AND GAS 8.50000 09/24/2025 AE 59,368.42 $59,314.17

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 50 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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