Investment Objective

To provide long-term capital growth, with capital preservation as a secondary objective.

Investment Strategy

The portfolio is invested in a growth-oriented mix of stocks, bonds, alternatives, and cash that seeks to earn a good portion of the long-term growth of the stock market with less volatility. Holdings are diversified primarily among various stock investments, as long as stock market valuations are favorable versus long-term bond yields. A substantial portion of the fund may be invested in long-term, fixed income securities.

The fund manager will adjust the investment mix over time to manage risk by continually evaluating individual securities and market conditions to determine the relative attractiveness of each investment. In general, stock exposure will increase when valuations are low and decrease during speculative markets.

May be Appropriate for Investors

  • Who want to be invested in long-term assets without full market risk
  • Who have a reasonably high capital risk tolerance

About Risk-Based Funds

Risk-based funds offer professional management and asset allocation through a choice of investment objectives that range from fairly aggressive to fairly conservative. All an investor has to do is determine which objective best suits his or her current risk tolerance and investment time horizon, then decide when to move to a different objective as his or her personal situation changes over the years.

Time Horizon & Range of Stock Exposure

Conservative Term Moderate Term Extended Term Maximum Term
0-5 Years 3-10 Years 7-20 Years 15+ Years
15-45% 20-60% 40-70% 70-95%

Generally, the longer your time horizon, the more aggressive your investment objective can be. Greater stock exposure is typically associated with higher return potential and higher capital risk.

Manning and Napier Risk-Based Funds Graphic

Learn more about our Pro-Blend® Series

Daily Price

$9.52

Daily $ Change

-$0.01

Daily % Change

-0.11%

as of 07/19/2018

Ticker

MNBIX

CUSIP

56382P674

Inception Date

03/28/2008

Investment Minimum

$1,000,000.00

Investment minimum may be waived for certain qualified retirement plans and discretionary investment accounts of the Advisor.

Important Documents

Summary Prospectus
Prospectus
Statement of Additional Information
Annual Report
Semi-Annual Report
Fact Sheet
Applications & Forms
XBRL-3/20/18

Performance

As of 06/30/2018

YTD

1.26%

1 Year

6.58%

3 Year

4.79%

5 Year

6.17%

10 Year

6.31%

Inception
(10/12/1993)

8.20%

US Stock Market Cycle (04/01/2000 - 06/30/2018)

6.70%

Inception performance is based on the Pro-Blend® Extended Term Series Class S inception of 10/12/1993. For periods through 03/28/2008 (the inception date of the Class I shares), performance for the Class I shares is based on the historical performance of the Class S shares. Because the Class I shares invest in the same portfolio of securities as the Class S shares, performance will be different only to the extent that the Class S shares have a higher expense ratio. Performance data quoted represents past performance and does not guarantee future results. Performance for periods greater than one year is annualized. The investment return and principal value of an investment will fluctuate, so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than that quoted.

Expense Ratio

Gross 0.83%

Top Ten Investments

As of 06/30/2018

TREASURY NOTES 11.60%
TREASURY BONDS 5.53%
GOVERNMENT AGENCY 5.14%
FACEBOOK INC -A 2.33%
INCYTE CORP 1.84%
REGENERON PHARMACEUTICALS INC 1.71%
BOOKING HOLDINGS INC 1.70%
ANHEUSER-BUSCH INBEV SA/NV 1.67%
QORVO INC 1.54%
MASTERCARD INC-CLASS A 1.31%

This investment list is unaudited and excludes cash.

Asset Allocation

As of 06/30/2018

Stocks 50.75%
Bonds 48.75%
Cash 0.50%

Detailed Asset Class Allocation

As of 06/30/2018

International Equities 16.31%
Small Capitalization 0.78%
Mid Capitalization 3.36%
Large Capitalization 30.29%
Long Term Fixed Income 14.79%
Intermediate Term Fixed Income 24.05%
Short Term Fixed Income 9.92%
Cash 0.50%

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

June Fund Holdings

As of 06/30/2018

CUSIP Security Description Country Ticker Shares/Par Market Value (USD)
00163UAB2 AMAG PHARMACEUTICALS INC 7.87500 09/01/2023 US 191,000 $202,579.38
00206RDQ2 AT&T INC 4.25000 03/01/2027 US 2,280,000 $2,231,469.74
00254EML3 SWEDISH EXPORT CREDIT 1.12500 08/28/2019 SE 2,179,000 $2,142,828.60
00289XAA7 ABENGOA YIELD PLC 7.00000 11/15/2019 GB 506,000 $523,710.00
004239109 ACADIA REALTY TRUST US AKR 3,050 $83,478.50
0045614 ANTOFAGASTA PLC GB ANTO LN 22,970 $298,430.69
0053673 ASHTEAD GROUP PLC GB AHT LN 9,275 $276,203.14
008492100 AGREE REALTY CORP US ADC 1,815 $95,777.55
00928QAK7 AIRCASTLE LTD 6.25000 12/01/2019 BM 95,000 $98,261.35
015271109 ALEXANDRIA REAL EST EQUITIES US ARE 510 $64,346.70
01609W102 ALIBABA GROUP - ADR CN BABA 25,835 $4,793,167.55
01609WAT9 ALIBABA GROUP HOLDING 3.40000 12/06/2027 KY 3,825,000 $3,563,899.00
01748XAA0 ALLEGIANT TRAVEL CO 5.50000 07/15/2019 US 175,000 $175,875.00
02005NAT7 ALLY FINANCIAL INC 3.50000 01/27/2019 US 160,000 $159,800.00
02079K107 ALPHABET INC-CL C US GOOG 2,940 $3,280,011.00
02079K305 ALPHABET INC-CL A US GOOGL 2,700 $3,048,813.00
02155FAC9 ALTICE US FINANCE I CORP 5.50000 05/15/2026 US 200,000 $193,000.00
023135106 AMAZON.COM INC US AMZN 1,020 $1,733,796.00
02319V103 AMBEV SA-ADR BR ABEV 1,082,551 $5,012,211.13
0237400 DIAGEO PLC GB DGE LN 185,625 $6,668,738.34
024835100 AMERICAN CAMPUS COMMUNITIES US ACC 3,185 $136,572.80
0263494 BAE SYSTEMS PLC GB BA/ LN 16,740 $142,412.22
02665T306 AMERICAN HOMES 4 RENT- A US AMH 12,595 $279,357.10
02666TAA5 AMERICAN HOMES 4 RENT 4.25000 02/15/2028 US 2,470,000 $2,365,440.11
03027X100 AMERICAN TOWER REIT INC US AMT 11,450 $1,650,746.50
03063NAA5 AMERICOLD LLC TRUST 3.84730 01/14/2029 US 96,841.34 $97,716.03
03064D108 AMERICOLD REALTY TRUST US COLD 2,270 $49,985.40
03748R101 APARTMENT INVT & MGMT CO -A US AIV 4,570 $193,311.00
03784Y200 APPLE HOSPITALITY REIT INC US APLE 6,185 $110,587.80
03969AAL4 ARDAGH PKG FIN/HLDGS USA 6.00000 02/15/2025 IE 200,000 $194,750.00
0405207 HALMA PLC GB HLMA LN 7,620 $137,207.87
04621WAC4 ASSURED GUARANTY US HLDG 5.00000 07/01/2024 US 2,620,000 $2,737,860.78
0490656 KERRY GROUP PLC-A IE KYGA LN 2,760 $288,309.14
053484101 AVALONBAY COMMUNITIES INC US AVB 2,860 $491,605.40
05604LAA0 BWAY 2015-1740 A 2.91700 01/10/2035 US 2,411,000 $2,290,334.27
058498106 BALL CORP US BLL 156,260 $5,555,043.00
06051GFM6 BANK OF AMERICA CORP 4.00000 01/22/2025 US 3,630,000 $3,583,363.36
09061G101 BIOMARIN PHARMACEUTICAL INC US BMRN 68,640 $6,465,888.00
09062X103 BIOGEN IDEC INC US BIIB 10,750 $3,120,080.00
0922320 SMITH & NEPHEW PLC GB SN/ LN 3,660 $67,418.27
09247X101 BLACKROCK INC US BLK 11,260 $5,619,190.40
0946580 WEIR GROUP PLC/THE GB WEIR LN 15,930 $418,357.18
09627J102 BLUEROCK RESIDENTIAL GROWTH US 7,865 $70,155.80
096630AE8 BOARDWALK PIPELINES LP 5.95000 06/01/2026 US 3,350,000 $3,592,386.27
09857L108 BOOKING HOLDINGS INC US BKNG 5,070 $10,277,346.30
101121101 BOSTON PROPERTIES INC US BXP 2,530 $317,312.60
105368203 BRANDYWINE REALTY TRUST US BDN 15,030 $253,706.40
110122108 BRISTOL MYERS SQUIBB CO US BMY 56,122 $3,105,791.48
110448107 BRITISH AMERICAN TOB-SP ADR GB BTI 3,610 $182,124.50
12467AAD0 C&S GROUP ENTERPRISES 5.37500 07/15/2022 US 240,000 $235,200.00
1248EPBR3 CCO HLDGS LLC/CAP CORP 5.50000 05/01/2026 US 135,000 $130,909.50
125269100 CF INDUSTRIES HOLDINGS INC US CF 105,900 $4,701,960.00
12592BAB0 CNH INDUSTRIAL CAPITAL L 3.37500 07/15/2019 US 2,410,000 $2,411,928.00
126307AH0 CSC HOLDINGS LLC 5.25000 06/01/2024 US 339,000 $320,355.00
12646XAH5 CSMC 2013-IVR3 A1 2.50000 05/25/2043 US 621,377.7 $579,652.13
13321L108 CAMECO CORP CA CCJ 9,821 $110,486.25
14912Y202 CATCHMARK TIMBER TRUST INC US CTT 19,425 $247,280.25
149806AA9 CAZ 2015-1A A 2.00000 12/10/2023 US 148,078.52 $147,338.13
156504AH5 CENTURY COMMUNITIES 5.87500 07/15/2025 US 340,000 $321,300.00
15672WAJ3 CEQUEL COM HLDG I/CAP CP 7.50000 04/01/2028 US 200,000 $202,440.00
16411QAA9 CHENIERE ENERGY PARTNERS 5.25000 10/01/2025 US 240,000 $234,108.00
165183AL8 CFII 2017-2A A1 1.99000 05/15/2029 US 5,966,310.84 $5,905,300.54
165240102 CHESAPEAKE LODGING TRUST US CHSP 3,190 $100,931.60
172967EW7 CITIGROUP INC 8.12500 07/15/2039 US 2,490,000 $3,502,497.79
19626G108 COLONY CAPITAL INC US CLNY 14,480 $90,355.20
198287203 COLUMBIA PROPERTY TRUST INC US CXP 3,805 $86,411.55
20369C106 COMMUNITY HEALTHCARE TRUST I US CHCT 4,885 $145,914.95
2112226 SAPUTO INC CA SAP CN 1,980 $65,741.45
2162760 CAE INC CA CAE CN 3,510 $72,915.30
21871N101 CORECIVIC INC US CXW 13,780 $329,204.20
21987BAK4 CODELCO INC 5.62500 09/21/2035 CL 2,130,000 $2,380,694.33
222795106 COUSINS PROPERTIES INC US CUZ 26,165 $253,538.85
22530LAA4 CAALT 2017-1A A 2.56000 10/15/2025 US 1,224,000 $1,217,127.61
22663AAA7 ORTHO-CLINICAL DIAGNOSTI 6.62500 05/15/2022 US 170,000 $166,175.00
22822V101 CROWN CASTLE INTL CORP US CCI 1,745 $188,145.90
22944PAA5 CSMC 2013-TH1 A1 2.13000 02/25/2043 US 590,918.8 $548,553.47
229663109 CUBESMART US CUBE 5,960 $192,031.20
23311RAC0 DCP MIDSTREAM OPERATING 9.75000 03/15/2019 US 95,000 $98,918.75
23331A109 DR HORTON INC US DHI 720 $29,520.00
2347608 FIRST QUANTUM MINERALS LTD CA FM CN 3,250 $47,885.37
23918K108 DAVITA INC. US DVA 67,710 $4,701,782.40
23918KAR9 DAVITA INC 5.00000 05/01/2025 US 250,000 $235,312.50
2392471 GRUPO BIMBO SAB- SERIES A MX BIMBOA MM 34,420 $67,088.69
2434760 MEXICHEM SAB DE CV MX MEXCHEM* MM 52,715 $152,303.56
25271C102 DIAMOND OFFSHORE DRILLING US DO 108,330 $2,259,763.80
253868103 DIGITAL REALTY TRUST INC US DLR 3,585 $400,014.30
25470DAT6 DISCOVERY COMMUNICATIONS 5.20000 09/20/2047 US 2,480,000 $2,405,462.68
2554475 MAGNA INTERNATIONAL INC CA MG CN 1,070 $62,231.16
2583952 METRO INC CA MRU CN 2,040 $69,347.43
26151AAA7 DRAX FINCO PLC 6.62500 11/01/2025 GB 245,000 $243,775.00
262006208 DREYFUS GVT CSH MANAGEMENT US 3,015,980.22 $3,015,980.22
2639349 GRUPO AEROPORT DEL SURESTE-B MX 8,195 $130,185.80
2643674 GRUPO MEXICO SAB DE CV-SER MX GMEXICOB MM 37,570 $106,484.83
26780TAA5 DYNAGAS LNG PARTNERS/FIN 6.25000 10/30/2019 MH 272,000 $272,000.00
269246401 ETRADE FINANCIAL CORP US ETFC 47,685 $2,916,414.60
2715777 QUEBECOR INC -CL B CA QBR/B CN 86,550 $1,772,278.55
277276101 EASTGROUP PROPERTIES US EGP 610 $58,291.60
2801836 SHAW COMMUNICATIONS INC-B CA SJR/B CN 79,195 $1,613,237.06
285512109 ELECTRONIC ARTS US EA 32,213 $4,542,677.26
2866857 LUNDIN MINING CORP CA LUN CN 271,300 $1,508,540.68
294429105 EQUIFAX INC US EFX 31,370 $3,924,700.70
29444U700 EQUINIX INC US EQIX 11,295 $4,855,607.55
29472R108 EQUITY LIFESTYLE PROPERTIES US ELS 1,415 $130,038.50
29476L107 EQUITY RESIDENTIAL US EQR 4,615 $293,929.35
297178105 ESSEX PROPERTY TRUST INC US ESS 635 $151,809.45
302154BV0 EXPORT-IMPORT BANK KOREA 2.62500 12/30/2020 KR 4,625,000 $4,540,394.88
30225T102 EXTRA SPACE STORAGE INC US EXR 1,975 $197,124.75
30251JAA9 FDIC 2011-R1 A 2.67200 07/25/2026 US 210,858.5 $210,076.45
30287EAE0 FREMF 2014-K41 B FLT 3.96234 11/25/2047 US 1,315,000 $1,312,076.49
30291EAE4 FREMF 2013-K712 B FLT 3.47721 05/25/2045 US 767,000 $768,735.26
30291HAA5 FREMF 2013-K28 X2A 0.10000 06/25/2046 US 78,290,835.26 $288,188.56
30291XAE2 FREMF 2014-K715 B FLT 4.11938 02/25/2046 US 1,279,000 $1,298,270.69
30303M102 FACEBOOK INC -A US FB 72,210 $14,031,847.20
3128M5VT4 FHLM POOL G03926 6.00000 02/01/2038 US 135,439.27 $149,138.83
3128M6NC8 FHLM POOL G04587 5.50000 08/01/2038 US 537,891.32 $581,351.22
3128M6NS3 FHLM POOL G04601 5.50000 07/01/2038 US 595,747.93 $643,065.93
3128M6SU3 FHLM POOL G04731 5.50000 04/01/2038 US 205,615.72 $222,441.73
3128M73P9 FHLM POOL G05906 6.00000 04/01/2040 US 163,985.04 $180,952.87
3128MB4Q7 FHLM POOL G13331 5.50000 10/01/2023 US 10,744.16 $11,103.14
3128MBDP9 FHLM POOL G12610 6.00000 03/01/2022 US 26,552.71 $27,483.98
3128MBE45 FHLM POOL G12655 6.00000 05/01/2022 US 18,588.7 $19,248.65
3128MBRH2 FHLM POOL G12988 6.00000 01/01/2023 US 14,433.12 $15,016.40
3128MBUB1 FHLM POOL G13078 6.00000 03/01/2023 US 25,294.62 $26,272.29
3128MJJT8 FHLM POOL G08273 5.50000 06/01/2038 US 258,205.51 $279,217.49
3128P75X7 FHLM POOL C91762 4.50000 05/01/2034 US 454,909.99 $475,776.72
3128P76G3 FHLM POOL C91771 4.50000 06/01/2034 US 487,323.27 $514,053.42
3128P76R9 FHLM POOL C91780 4.50000 07/01/2034 US 513,900.26 $537,693.94
312941F69 FHLM POOL A92889 4.50000 07/01/2040 US 1,470,980.39 $1,547,072.76
3132QQFU1 FHLM POOL Q33778 4.00000 06/01/2045 US 706,835.38 $722,514.61
31335AFY9 FHLM POOL G60183 4.00000 12/01/2044 US 715,343.25 $731,881.16
31336WBS7 FHLM POOL G11850 5.50000 07/01/2020 US 32,860.74 $33,265.98
3136B1YD0 FNR 2018-31 KP 3.50000 07/25/2047 US 995,946.62 $996,290.92
3137A2B34 FHMS K009 X1 FLT 1.45484 08/25/2020 US 7,993,895.82 $179,010.51
3137ADTK3 FHMS K014 X1 FLT 1.34101 04/25/2021 US 9,095,133.67 $250,903.81
3137AJMG6 FMHS K016 X1 FLT 1.67213 10/25/2021 US 4,047,648.96 $164,637.72
3137AL6W4 FHMS K706 X1 FLT 1.68593 10/25/2018 US 5,361,590.09 $8,138.36
3137AME78 FHMS K017 X1 FLT 1.48754 12/25/2021 US 16,633,800.75 $625,191.38
3137ATSC7 FEDERAL NATL MTG ASSN KP01 A2 1.72000 01/25/2019 US 51,043.55 $50,865.58
3137AUPF0 FHMS K021 x1 FLT 1.58997 06/25/2022 US 11,048,242.41 $525,946.06
3137B36J2 FHMS K029 A2 3.32000 02/25/2023 US 2,156,000 $2,177,991.85
3137B3NB0 FHMS K030 X1 FLT 0.31344 04/25/2023 US 44,345,738.09 $377,954.29
3137B4GZ3 FHMS K032 X1 FLT 0.22073 05/25/2023 US 28,484,424.28 $147,865.49
3137B5KW2 FHMS K035 A2 3.45800 08/25/2023 US 2,631,000 $2,672,267.76
3137BT7J4 FHMS KJ10 A2 2.91200 12/25/2023 US 2,558,000 $2,527,994.92
3137BWVV3 FHMS KJ13 A2 2.86400 08/25/2022 US 1,827,000 $1,815,327.66
3137F4YU0 FHLM POOL FHR4791 4.00000 03/15/2044 US 1,296,787.4 $1,328,668.92
3137FG2L8 FHLM POOL 4801 4.50000 05/15/2044 US 1,335,567.5 $1,387,063.91
3138AJXA5 FEDERAL NATL MTG ASSN A15172 4.00000 08/01/2041 US 705,269.83 $724,371.64
3138EGE26 FEDERAL NATL MTG ASSN AL0152 6.00000 06/01/2040 US 597,236.71 $657,571.64
3138EGHT4 FEDERAL NATL MTG ASSN AL0241 4.00000 04/01/2041 US 829,853.69 $852,302.47
3138EHR87 FEDERAL NATL MTG ASSN AL1410 4.50000 12/01/2041 US 1,324,890.58 $1,391,921.74
3138EHXZ0 FEDERAL NATL MTG ASSN AL1595 6.00000 01/01/2040 US 328,082.33 $360,859.41
3138EQST0 FEDERAL NATL MTG ASSN AL7729 4.00000 06/01/2043 US 707,475.69 $726,561.91
3138ETT89 FEDERAL NATL MTG ASSN AL8674 FLT 5.65100 01/01/2049 US 1,497,049.24 $1,612,274.14
3138WDRZ6 FEDERAL NATL MTG ASSN AS4103 4.50000 12/01/2044 US 811,613.58 $855,482.09
3138Y6Y81 FEDERAL NATL MTG ASSN AX5234 4.50000 11/01/2044 US 571,110.13 $595,263.88
3140E2GZ8 FEDERAL NATL MTG ASSN AZ9215 4.00000 10/01/2045 US 609,210.96 $623,431.22
3140EX2Y8 FEDERAL NATL MTG ASSN BC3490 3.50000 02/01/2046 US 1,787,428.69 $1,784,373.03
3140F2QS2 FEDERAL NATL MTG ASSN BC6764 3.50000 04/01/2046 US 774,801.59 $773,477.05
3140FEX33 FEDERAL NATL MTG ASSN BD6997 4.00000 10/01/2046 US 839,669.72 $856,778.95
3140FPGW3 FEDERAL NATL MTG ASSN BE3812 4.00000 12/01/2046 US 950,595.98 $970,066.60
3140FPGZ6 FEDERAL NATL MTG ASSN BE3815 4.00000 12/01/2046 US 917,412.72 $936,191.68
3140FTWF4 FEDERAL NATL MTG ASSN BE7845 4.50000 02/01/2047 US 990,037.34 $1,038,445.81
31410FSE6 FEDERAL NATL MTG ASSN 888017 6.00000 11/01/2021 US 19,975.42 $20,630.61
31410FV51 FEDERAL NATL MTG ASSN 888136 6.00000 12/01/2021 US 24,559.6 $25,359.16
31410GCD3 FEDERAL NATL MTG ASSN 888468 5.50000 09/01/2021 US 128,035.87 $131,013.14
31410GN33 FEDERAL NATL MTG ASSN 888810 5.50000 11/01/2022 US 156,240.83 $159,961.99
31410HAQ4 MACYS RETAIL HLDGS INC 6.90000 04/01/2029 US 1,090,000 $1,170,620.27
31410KJV7 FEDERAL NATL MTG ASSN 889576 6.00000 04/01/2038 US 300,405.92 $331,238.49
31410KJY1 FEDERAL NATL MTG ASSN 889579 6.00000 05/01/2038 US 255,203.24 $278,993.96
31411JXP6 FEDERAL NATL MTG ASSN 909786 5.50000 03/01/2037 US 113,941.73 $123,192.52
31415VXY6 FEDERAL NATL MTG ASSN 990895 5.50000 10/01/2023 US 24,502.58 $25,558.42
31416BRR1 FEDERAL NATL MTG ASSN 995196 6.00000 07/01/2038 US 15,288.74 $16,847.90
31416BSW9 FEDERAL NATL MTG ASSN 995233 5.50000 10/01/2021 US 9,366.78 $9,534.73
31416BVW5 FEDERAL NATL MTG ASSN 995329 5.50000 12/01/2021 US 120,279.49 $123,147.66
31417YJC2 FEDERAL NATL MTG ASSN MA0258 4.50000 12/01/2039 US 499,627.39 $525,425.30
31418B6G6 FEDERAL NATL MTG ASSN FN MA2670 3.00000 07/01/2046 US 538,576.72 $522,519.67
31418BBC9 FEDERAL NATL MTG ASSN MA1834 4.50000 02/01/2034 US 791,218.29 $827,928.27
31418BDH6 FEDERAL NATL MTG ASSN MA1903 4.50000 05/01/2034 US 477,293.05 $499,451.82
31418CAF1 FEDERAL NATL MTG ASSN FN MA2705 3.00000 08/01/2046 US 1,067,290.96 $1,035,470.48
31418MG63 FEDERAL NATL MTG ASSN AD0220 6.00000 10/01/2038 US 24,342.48 $26,743.90
31418MGR7 FEDERAL NATL MTG ASSN AD0207 6.00000 10/01/2038 US 622,141.33 $685,327.32
31418MKV3 FEDERAL NATL MTG ASSN AD0307 5.50000 01/01/2039 US 392,365.56 $424,766.39
31418MQQ8 FEDERAL NATL MTG ASSN AD0462 5.50000 10/01/2024 US 18,092.64 $18,882.60
31428X106 FEDEX CORPORATION US FDX 17,410 $3,953,114.60
315419AA9 FERROGLOBE / GLOBE SPEC 9.37500 03/01/2022 GB 205,000 $212,175.00
3163836 INTERTEK GROUP PLC GB ITRK LN 950 $71,430.97
3174300 BURBERRY GROUP PLC GB BRBY LN 2,610 $74,177.56
32054K103 FIRST INDUSTRIAL REALTY TR US FR 4,540 $151,363.60
3208986 NEXT PLC GB NXT LN 880 $70,046.84
336130AB5 FIRST QUALITY FINANCE CO 5.00000 07/01/2025 US 170,000 $155,550.00
345605109 FOREST CITY REALTY TRUST - A US FCE/A 5,840 $133,210.40
35802XAA1 FRESENIUS MED CARE US 6.50000 09/15/2018 US 2,435,000 $2,451,083.95
36143WAN1 GAHR 2015-NRF BFX FLT 3.49490 12/15/2034 US 1,535,000 $1,534,509.57
36174X101 GGP INC US GGP 6,190 $126,461.70
36246MAT6 GTP AQUISITION PARTNERS 2.35000 06/15/2020 US 427,000 $418,968.81
36248EAA3 GSMS 2010-C2 3.84900 12/10/2043 US 54,077.1 $54,647.30
371559105 GENESEE & WYOMING INC -CL A US GWR 39,980 $3,251,173.60
374297109 GETTY REALTY CORP US GTY 3,835 $108,031.95
37953TAB1 GLOBAL SHIP LEASE INC 9.87500 11/15/2022 MH 345,000 $340,687.50
39807UAB2 GREYSTAR REAL ESTATE PAR 5.75000 12/01/2025 US 185,000 $179,450.00
400506101 GRUPO AEROPORTUARIO PAC-ADR MX PAC 1,460 $135,648.60
40414L109 HCP INC US HCP 7,245 $187,065.90
4057808 L'OREAL FR OR FP 290 $71,492.84
4061412 LVMH MOET HENNESSY LOUIS VUITTON FR MC FP 190 $63,083.68
410345AL6 HANESBRANDS INC 4.87500 05/15/2026 US 170,000 $164,050.00
4163437 CAP GEMINI FR CAP FP 510 $68,345.12
421946104 HEALTHCARE REALTY TRUST INC US HR 4,650 $135,222.00
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B249GC0 MATSUMOTOKIYOSHI HOLDINGS CO JP 3088 JP 3,000 $134,621.45
B283W97 CAIXABANK S.A ES CABK SM 61,520 $264,799.95
B3FP8W8 CANADA HOUSING TRUST 4.10000 12/15/2018 CA 299,000 $229,954.69
B3MPN59 SUN ART RETAIL GROUP LTD HK 6808 HK 59,500 $77,622.04
B3MSM28 AMADEUS IT HOLDING SA-A SHS ES AMS SM 870 $68,410.32
B3NB1P2 SUNCOR ENERGY INC CA SU CN 3,645 $148,334.16
B3ZD2V9 MEX BONOS DESARR FIX RT 6.50000 06/10/2021 MX 3,112,000 $151,696.34
B4888C1 CANADIAN GOVERNMENT FLT 2.75000 06/01/2022 CA 358,000 $279,630.23
B4NDCC9 MEX BONOS DESARR FIX RT 6.50000 06/09/2022 MX 5,057,000 $244,245.44
B4Q2TX3 CHINA LONGYUAN POWER GROUP-H CN 916 HK 327,000 $262,682.87
B4R2R50 JULIUS BAER CH BAER SW 7,760 $454,514.61
B4WTBY3 HUANENG RENEWABLES CORP-H CN 958 HK 688,000 $228,046.80
B4YN9R2 SINGAPORE GOVERNMENT 2.50000 06/01/2019 SG 657,000 $485,241.64
B4YVF56 BRENNTAG AG DE BNR GR 2,952 $164,018.22
B607XS1 VERMILION ENERGY INC CA VET CN 3,990 $143,890.69
B615Y14 MEX BONOS DESARR FIX RT 8.00000 06/11/2020 MX 7,313,000 $370,130.35
B61JC67 TREASURY WINE ESTATES LTD AU TWE AU 22,000.67 $282,665.27
B63QM77 NEXON CO LTD JP 3659 JP 16,200 $235,051.74
B6TC406 MEX BONOS DESARR FIX RT 7.75000 05/29/2031 MX 972,000 $49,421.61
B7VQL46 FNAC DARTY SA FR FNAC FP 1,925 $182,473.61
BB22L96 KION GROUP AG DE KGX GR 2,420 $173,706.46
BBG00J8JCGT8 BABA US 07/20/18 P185 CN -110 -$56,650.00
BBG00KWNZGX9 SCHW US 06/29/18 P51.5 US -305 -$6,100.00
BBG00KZ9KMK4 QRVO US 07/20/18 P75 US -204 -$12,444.00
BBG00KZB2V74 REGN US 07/20/18 C360 US -42 -$21,000.00
BBG00KZD4H15 SGEN US 07/20/18 P60 US -256 -$10,240.00
BBG00L3N2DV4 FB US 07/27/18 P180 US -113 -$18,871.00
BD4TZK8 OCI NV NL OCI NA 5,725 $153,736.55
BD6K457 COMPASS GROUP PLC GB CPG LN 3,160 $67,357.33
BD82246 EAGLE BULK SHIPCO 8.25000 11/28/2022 MH 200,000 $203,000.00
BD97BN2 ATLAS COPCO AB-A SHS SE ATCOA SS 1,670 $48,364.12
BDQZ7T7 WISDOM EDUCATION INTERNATION CN 6068 HK 148,000 $128,597.11
BDZV116 EPIROC AB-A SE EPIA SS 21,455 $225,143.66
BF2DSG3 SIKA AG-REG CH SIKA SW 600 $82,901.77
BF955D8 TELENET FINANCE LUX NOTE 5.50000 03/01/2028 LU 400,000 $364,000.00
BFMDQ58 REPSOL SA-RTS ES 10,830 $6,147.85
BFWG293 OKEA AS FLT 8.83563 06/28/2023 NO 200,000 $200,500.00
BFYFZP5 FERGUSON PLC CH FERG LN 833.68 $67,451.49
BFYM460 UNIBAIL-RODAMCO-WESTFIELD FR URW NA 1,370 $301,658.86
BGHQ198 HIBERNIA REIT PLC IE HBRN ID 69,120 $121,077.65
BH4TZ73 FU SHOU YUAN INTERNATIONAL CN 1448 HK 203,000 $228,468.07
BMMV2K8 TENCENT HOLDINGS LTD CN 700 HK 70,275 $3,528,887.43
BNBNSG0 EURONEXT NV NL ENX FP 5,060 $320,640.80
BNGN9Z1 FINECOBANK SPA IT FBK IM 23,920 $269,269.18
BP9DL90 INDUSTRIA DE DISENO TEXTIL ES ITX SM 122,760 $4,180,488.57
BQRRZ00 RECRUIT HOLDINGS CO LTD JP 6098 JP 2,500 $69,046.65
BSBMKM2 CHINA MAPLE LEAF EDUCATIONAL CN 1317 HK 72,000 $129,291.91
BVSS790 ELIS SA FR ELIS FP 8,955 $204,785.94
BYM4063 BECLE SAB DE CV MX 44,940 $64,761.66
BYPC1T4 ASSA ABLOY AB-B SE ASSAB SS 3,160 $67,028.66
BYQ32R1 NEMAK SAB DE CV MX 188,500 $129,556.53
BYWPGC4 CHINA YUHUA EDUCATION CORP L CN 6169 HK 88,000 $62,258.55
BYXS699 QIAGEN N.V. NL QIA GR 3,469 $125,748.54
BYY8LS2 MAISONS DU MONDE SA FR MDM FP 3,475 $127,789.36
BYYHL23 ANHEUSER-BUSCH INBEV SA/NV BE ABI BB 99,539 $10,040,011.68
BYZ43T4 EUROBANK ERGASIAS SA GR EUROB GA 132,380 $137,645.61
BYZFYS3 SPIE SA FR SPIE FP 12,710 $257,265.65
BYZFZ91 SOPHOS GROUP PLC GB SOPH LN 26,910 $226,274.77
BYZWX76 CRODA INTERNATIONAL PLC GB CRDA LN 4,154 $262,437.51
BZ3C3Q4 BANKIA SA ES BKIA SM 38,888 $145,016.26
BZCNN35 BANCO COMERCIAL PORTUGUES-R PT BCP PL 374,975 $112,129.48
G02602103 AMDOCS LTD GG DOX 4,835 $320,028.65
G06242104 ATLASSIAN CORP PLC-CLASS A AU TEAM 732 $45,764.64
G27358103 DESPEGAR.COM CORP AR DESP 1,700 $35,649.00
G3157S106 ENSCO INTERNATIONAL INC US ESV 310,750 $2,256,045.00
G37585AC3 GASLOG LTD 8.87500 03/22/2022 BM 295,000 $306,062.50
G5960L103 MEDTRONIC INC IE MDT 92,010 $7,876,976.10
G68707101 PAGSEGURO DIGITAL LTD-CL A BR PAGS 2,280 $63,270.00
G97822103 PERRIGO CO PLC IE PRGO 3,320 $242,061.20
H8817H100 TRANSOCEAN LTD US RIG 230,430 $3,096,979.20
N47279109 INTERXION HOLDING NX NL INXN 5,265 $328,641.30
N72482123 QIAGEN N.V. ADR NL QGEN 2,432 $87,941.12

Investments will change over time.

A Word About Risk

All investments involve risks, including possible loss of principal. Because the fund invests 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 the fund will also involve a number of other risks, including issuer-specific risk, foreign investment risk, and small-cap/mid-cap risk. 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.

Daily Price

$9.52

Daily $ Change

-$0.01

Daily % Change

-0.11%

as of 07/19/2018

Ticker

MNBIX

CUSIP

56382P674

Inception Date

03/28/2008

Investment Minimum

$1,000,000.00

Investment minimum may be waived for certain qualified retirement plans and discretionary investment accounts of the Advisor.

Important Documents

Summary Prospectus
Prospectus
Statement of Additional Information
Annual Report
Semi-Annual Report
Fact Sheet
Applications & Forms
XBRL-3/20/18

Investment Objective

To provide long-term capital growth, with capital preservation as a secondary objective.

Investment Strategy

The portfolio is invested in a growth-oriented mix of stocks, bonds, alternatives, and cash that seeks to earn a good portion of the long-term growth of the stock market with less volatility. Holdings are diversified primarily among various stock investments, as long as stock market valuations are favorable versus long-term bond yields. A substantial portion of the fund may be invested in long-term, fixed income securities.

The fund manager will adjust the investment mix over time to manage risk by continually evaluating individual securities and market conditions to determine the relative attractiveness of each investment. In general, stock exposure will increase when valuations are low and decrease during speculative markets.

May be Appropriate for Investors

  • Who want to be invested in long-term assets without full market risk
  • Who have a reasonably high capital risk tolerance

About Risk-Based Funds

Risk-based funds offer professional management and asset allocation through a choice of investment objectives that range from fairly aggressive to fairly conservative. All an investor has to do is determine which objective best suits his or her current risk tolerance and investment time horizon, then decide when to move to a different objective as his or her personal situation changes over the years.

Time Horizon & Range of Stock Exposure

Conservative Term Moderate Term Extended Term Maximum Term
0-5 Years 3-10 Years 7-20 Years 15+ Years
15-45% 20-60% 40-70% 70-95%

Generally, the longer your time horizon, the more aggressive your investment objective can be. Greater stock exposure is typically associated with higher return potential and higher capital risk.

Manning and Napier Risk-Based Funds Graphic

Learn more about our Pro-Blend® Series

Performance

As of 06/30/2018

YTD

1.26%

1 Year

6.58%

3 Year

4.79%

5 Year

6.17%

10 Year

6.31%

Inception
(10/12/1993)

8.20%

US Stock Market Cycle (04/01/2000 - 06/30/2018)

6.70%

Inception performance is based on the Pro-Blend® Extended Term Series Class S inception of 10/12/1993. For periods through 03/28/2008 (the inception date of the Class I shares), performance for the Class I shares is based on the historical performance of the Class S shares. Because the Class I shares invest in the same portfolio of securities as the Class S shares, performance will be different only to the extent that the Class S shares have a higher expense ratio. Performance data quoted represents past performance and does not guarantee future results. Performance for periods greater than one year is annualized. The investment return and principal value of an investment will fluctuate, so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than that quoted.

Expense Ratio

Gross 0.83%

Top Ten Investments

As of 06/30/2018

TREASURY NOTES 11.60%
TREASURY BONDS 5.53%
GOVERNMENT AGENCY 5.14%
FACEBOOK INC -A 2.33%
INCYTE CORP 1.84%
REGENERON PHARMACEUTICALS INC 1.71%
BOOKING HOLDINGS INC 1.70%
ANHEUSER-BUSCH INBEV SA/NV 1.67%
QORVO INC 1.54%
MASTERCARD INC-CLASS A 1.31%

This investment list is unaudited and excludes cash.

Asset Allocation

As of 06/30/2018

Stocks
50.75%
Bonds
48.75%
Cash
0.50%

Detailed Asset Class Allocation

As of 06/30/2018

International Equities
16.31%
Small Capitalization
0.78%
Mid Capitalization
3.36%
Large Capitalization
30.29%
Long Term Fixed Income
14.79%
Intermediate Term Fixed Income
24.05%
Short Term Fixed Income
9.92%
Cash
0.50%

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

June Fund Holdings

As of 06/30/2018

CUSIP Security Description Country Ticker Shares/Par Market Value (USD)
00163UAB2 AMAG PHARMACEUTICALS INC 7.87500 09/01/2023 US 191,000 $202,579.38
00206RDQ2 AT&T INC 4.25000 03/01/2027 US 2,280,000 $2,231,469.74
00254EML3 SWEDISH EXPORT CREDIT 1.12500 08/28/2019 SE 2,179,000 $2,142,828.60
00289XAA7 ABENGOA YIELD PLC 7.00000 11/15/2019 GB 506,000 $523,710.00
004239109 ACADIA REALTY TRUST US AKR 3,050 $83,478.50
0045614 ANTOFAGASTA PLC GB ANTO LN 22,970 $298,430.69
0053673 ASHTEAD GROUP PLC GB AHT LN 9,275 $276,203.14
008492100 AGREE REALTY CORP US ADC 1,815 $95,777.55
00928QAK7 AIRCASTLE LTD 6.25000 12/01/2019 BM 95,000 $98,261.35
015271109 ALEXANDRIA REAL EST EQUITIES US ARE 510 $64,346.70
01609W102 ALIBABA GROUP - ADR CN BABA 25,835 $4,793,167.55
01609WAT9 ALIBABA GROUP HOLDING 3.40000 12/06/2027 KY 3,825,000 $3,563,899.00
01748XAA0 ALLEGIANT TRAVEL CO 5.50000 07/15/2019 US 175,000 $175,875.00
02005NAT7 ALLY FINANCIAL INC 3.50000 01/27/2019 US 160,000 $159,800.00
02079K107 ALPHABET INC-CL C US GOOG 2,940 $3,280,011.00
02079K305 ALPHABET INC-CL A US GOOGL 2,700 $3,048,813.00
02155FAC9 ALTICE US FINANCE I CORP 5.50000 05/15/2026 US 200,000 $193,000.00
023135106 AMAZON.COM INC US AMZN 1,020 $1,733,796.00
02319V103 AMBEV SA-ADR BR ABEV 1,082,551 $5,012,211.13
0237400 DIAGEO PLC GB DGE LN 185,625 $6,668,738.34
024835100 AMERICAN CAMPUS COMMUNITIES US ACC 3,185 $136,572.80
0263494 BAE SYSTEMS PLC GB BA/ LN 16,740 $142,412.22
02665T306 AMERICAN HOMES 4 RENT- A US AMH 12,595 $279,357.10
02666TAA5 AMERICAN HOMES 4 RENT 4.25000 02/15/2028 US 2,470,000 $2,365,440.11
03027X100 AMERICAN TOWER REIT INC US AMT 11,450 $1,650,746.50
03063NAA5 AMERICOLD LLC TRUST 3.84730 01/14/2029 US 96,841.34 $97,716.03
03064D108 AMERICOLD REALTY TRUST US COLD 2,270 $49,985.40
03748R101 APARTMENT INVT & MGMT CO -A US AIV 4,570 $193,311.00
03784Y200 APPLE HOSPITALITY REIT INC US APLE 6,185 $110,587.80
03969AAL4 ARDAGH PKG FIN/HLDGS USA 6.00000 02/15/2025 IE 200,000 $194,750.00
0405207 HALMA PLC GB HLMA LN 7,620 $137,207.87
04621WAC4 ASSURED GUARANTY US HLDG 5.00000 07/01/2024 US 2,620,000 $2,737,860.78
0490656 KERRY GROUP PLC-A IE KYGA LN 2,760 $288,309.14
053484101 AVALONBAY COMMUNITIES INC US AVB 2,860 $491,605.40
05604LAA0 BWAY 2015-1740 A 2.91700 01/10/2035 US 2,411,000 $2,290,334.27
058498106 BALL CORP US BLL 156,260 $5,555,043.00
06051GFM6 BANK OF AMERICA CORP 4.00000 01/22/2025 US 3,630,000 $3,583,363.36
09061G101 BIOMARIN PHARMACEUTICAL INC US BMRN 68,640 $6,465,888.00
09062X103 BIOGEN IDEC INC US BIIB 10,750 $3,120,080.00
0922320 SMITH & NEPHEW PLC GB SN/ LN 3,660 $67,418.27
09247X101 BLACKROCK INC US BLK 11,260 $5,619,190.40
0946580 WEIR GROUP PLC/THE GB WEIR LN 15,930 $418,357.18
09627J102 BLUEROCK RESIDENTIAL GROWTH US 7,865 $70,155.80
096630AE8 BOARDWALK PIPELINES LP 5.95000 06/01/2026 US 3,350,000 $3,592,386.27
09857L108 BOOKING HOLDINGS INC US BKNG 5,070 $10,277,346.30
101121101 BOSTON PROPERTIES INC US BXP 2,530 $317,312.60
105368203 BRANDYWINE REALTY TRUST US BDN 15,030 $253,706.40
110122108 BRISTOL MYERS SQUIBB CO US BMY 56,122 $3,105,791.48
110448107 BRITISH AMERICAN TOB-SP ADR GB BTI 3,610 $182,124.50
12467AAD0 C&S GROUP ENTERPRISES 5.37500 07/15/2022 US 240,000 $235,200.00
1248EPBR3 CCO HLDGS LLC/CAP CORP 5.50000 05/01/2026 US 135,000 $130,909.50
125269100 CF INDUSTRIES HOLDINGS INC US CF 105,900 $4,701,960.00
12592BAB0 CNH INDUSTRIAL CAPITAL L 3.37500 07/15/2019 US 2,410,000 $2,411,928.00
126307AH0 CSC HOLDINGS LLC 5.25000 06/01/2024 US 339,000 $320,355.00
12646XAH5 CSMC 2013-IVR3 A1 2.50000 05/25/2043 US 621,377.7 $579,652.13
13321L108 CAMECO CORP CA CCJ 9,821 $110,486.25
14912Y202 CATCHMARK TIMBER TRUST INC US CTT 19,425 $247,280.25
149806AA9 CAZ 2015-1A A 2.00000 12/10/2023 US 148,078.52 $147,338.13
156504AH5 CENTURY COMMUNITIES 5.87500 07/15/2025 US 340,000 $321,300.00
15672WAJ3 CEQUEL COM HLDG I/CAP CP 7.50000 04/01/2028 US 200,000 $202,440.00
16411QAA9 CHENIERE ENERGY PARTNERS 5.25000 10/01/2025 US 240,000 $234,108.00
165183AL8 CFII 2017-2A A1 1.99000 05/15/2029 US 5,966,310.84 $5,905,300.54
165240102 CHESAPEAKE LODGING TRUST US CHSP 3,190 $100,931.60
172967EW7 CITIGROUP INC 8.12500 07/15/2039 US 2,490,000 $3,502,497.79
19626G108 COLONY CAPITAL INC US CLNY 14,480 $90,355.20
198287203 COLUMBIA PROPERTY TRUST INC US CXP 3,805 $86,411.55
20369C106 COMMUNITY HEALTHCARE TRUST I US CHCT 4,885 $145,914.95
2112226 SAPUTO INC CA SAP CN 1,980 $65,741.45
2162760 CAE INC CA CAE CN 3,510 $72,915.30
21871N101 CORECIVIC INC US CXW 13,780 $329,204.20
21987BAK4 CODELCO INC 5.62500 09/21/2035 CL 2,130,000 $2,380,694.33
222795106 COUSINS PROPERTIES INC US CUZ 26,165 $253,538.85
22530LAA4 CAALT 2017-1A A 2.56000 10/15/2025 US 1,224,000 $1,217,127.61
22663AAA7 ORTHO-CLINICAL DIAGNOSTI 6.62500 05/15/2022 US 170,000 $166,175.00
22822V101 CROWN CASTLE INTL CORP US CCI 1,745 $188,145.90
22944PAA5 CSMC 2013-TH1 A1 2.13000 02/25/2043 US 590,918.8 $548,553.47
229663109 CUBESMART US CUBE 5,960 $192,031.20
23311RAC0 DCP MIDSTREAM OPERATING 9.75000 03/15/2019 US 95,000 $98,918.75
23331A109 DR HORTON INC US DHI 720 $29,520.00
2347608 FIRST QUANTUM MINERALS LTD CA FM CN 3,250 $47,885.37
23918K108 DAVITA INC. US DVA 67,710 $4,701,782.40
23918KAR9 DAVITA INC 5.00000 05/01/2025 US 250,000 $235,312.50
2392471 GRUPO BIMBO SAB- SERIES A MX BIMBOA MM 34,420 $67,088.69
2434760 MEXICHEM SAB DE CV MX MEXCHEM* MM 52,715 $152,303.56
25271C102 DIAMOND OFFSHORE DRILLING US DO 108,330 $2,259,763.80
253868103 DIGITAL REALTY TRUST INC US DLR 3,585 $400,014.30
25470DAT6 DISCOVERY COMMUNICATIONS 5.20000 09/20/2047 US 2,480,000 $2,405,462.68
2554475 MAGNA INTERNATIONAL INC CA MG CN 1,070 $62,231.16
2583952 METRO INC CA MRU CN 2,040 $69,347.43
26151AAA7 DRAX FINCO PLC 6.62500 11/01/2025 GB 245,000 $243,775.00
262006208 DREYFUS GVT CSH MANAGEMENT US 3,015,980.22 $3,015,980.22
2639349 GRUPO AEROPORT DEL SURESTE-B MX 8,195 $130,185.80
2643674 GRUPO MEXICO SAB DE CV-SER MX GMEXICOB MM 37,570 $106,484.83
26780TAA5 DYNAGAS LNG PARTNERS/FIN 6.25000 10/30/2019 MH 272,000 $272,000.00
269246401 ETRADE FINANCIAL CORP US ETFC 47,685 $2,916,414.60
2715777 QUEBECOR INC -CL B CA QBR/B CN 86,550 $1,772,278.55
277276101 EASTGROUP PROPERTIES US EGP 610 $58,291.60
2801836 SHAW COMMUNICATIONS INC-B CA SJR/B CN 79,195 $1,613,237.06
285512109 ELECTRONIC ARTS US EA 32,213 $4,542,677.26
2866857 LUNDIN MINING CORP CA LUN CN 271,300 $1,508,540.68
294429105 EQUIFAX INC US EFX 31,370 $3,924,700.70
29444U700 EQUINIX INC US EQIX 11,295 $4,855,607.55
29472R108 EQUITY LIFESTYLE PROPERTIES US ELS 1,415 $130,038.50
29476L107 EQUITY RESIDENTIAL US EQR 4,615 $293,929.35
297178105 ESSEX PROPERTY TRUST INC US ESS 635 $151,809.45
302154BV0 EXPORT-IMPORT BANK KOREA 2.62500 12/30/2020 KR 4,625,000 $4,540,394.88
30225T102 EXTRA SPACE STORAGE INC US EXR 1,975 $197,124.75
30251JAA9 FDIC 2011-R1 A 2.67200 07/25/2026 US 210,858.5 $210,076.45
30287EAE0 FREMF 2014-K41 B FLT 3.96234 11/25/2047 US 1,315,000 $1,312,076.49
30291EAE4 FREMF 2013-K712 B FLT 3.47721 05/25/2045 US 767,000 $768,735.26
30291HAA5 FREMF 2013-K28 X2A 0.10000 06/25/2046 US 78,290,835.26 $288,188.56
30291XAE2 FREMF 2014-K715 B FLT 4.11938 02/25/2046 US 1,279,000 $1,298,270.69
30303M102 FACEBOOK INC -A US FB 72,210 $14,031,847.20
3128M5VT4 FHLM POOL G03926 6.00000 02/01/2038 US 135,439.27 $149,138.83
3128M6NC8 FHLM POOL G04587 5.50000 08/01/2038 US 537,891.32 $581,351.22
3128M6NS3 FHLM POOL G04601 5.50000 07/01/2038 US 595,747.93 $643,065.93
3128M6SU3 FHLM POOL G04731 5.50000 04/01/2038 US 205,615.72 $222,441.73
3128M73P9 FHLM POOL G05906 6.00000 04/01/2040 US 163,985.04 $180,952.87
3128MB4Q7 FHLM POOL G13331 5.50000 10/01/2023 US 10,744.16 $11,103.14
3128MBDP9 FHLM POOL G12610 6.00000 03/01/2022 US 26,552.71 $27,483.98
3128MBE45 FHLM POOL G12655 6.00000 05/01/2022 US 18,588.7 $19,248.65
3128MBRH2 FHLM POOL G12988 6.00000 01/01/2023 US 14,433.12 $15,016.40
3128MBUB1 FHLM POOL G13078 6.00000 03/01/2023 US 25,294.62 $26,272.29
3128MJJT8 FHLM POOL G08273 5.50000 06/01/2038 US 258,205.51 $279,217.49
3128P75X7 FHLM POOL C91762 4.50000 05/01/2034 US 454,909.99 $475,776.72
3128P76G3 FHLM POOL C91771 4.50000 06/01/2034 US 487,323.27 $514,053.42
3128P76R9 FHLM POOL C91780 4.50000 07/01/2034 US 513,900.26 $537,693.94
312941F69 FHLM POOL A92889 4.50000 07/01/2040 US 1,470,980.39 $1,547,072.76
3132QQFU1 FHLM POOL Q33778 4.00000 06/01/2045 US 706,835.38 $722,514.61
31335AFY9 FHLM POOL G60183 4.00000 12/01/2044 US 715,343.25 $731,881.16
31336WBS7 FHLM POOL G11850 5.50000 07/01/2020 US 32,860.74 $33,265.98
3136B1YD0 FNR 2018-31 KP 3.50000 07/25/2047 US 995,946.62 $996,290.92
3137A2B34 FHMS K009 X1 FLT 1.45484 08/25/2020 US 7,993,895.82 $179,010.51
3137ADTK3 FHMS K014 X1 FLT 1.34101 04/25/2021 US 9,095,133.67 $250,903.81
3137AJMG6 FMHS K016 X1 FLT 1.67213 10/25/2021 US 4,047,648.96 $164,637.72
3137AL6W4 FHMS K706 X1 FLT 1.68593 10/25/2018 US 5,361,590.09 $8,138.36
3137AME78 FHMS K017 X1 FLT 1.48754 12/25/2021 US 16,633,800.75 $625,191.38
3137ATSC7 FEDERAL NATL MTG ASSN KP01 A2 1.72000 01/25/2019 US 51,043.55 $50,865.58
3137AUPF0 FHMS K021 x1 FLT 1.58997 06/25/2022 US 11,048,242.41 $525,946.06
3137B36J2 FHMS K029 A2 3.32000 02/25/2023 US 2,156,000 $2,177,991.85
3137B3NB0 FHMS K030 X1 FLT 0.31344 04/25/2023 US 44,345,738.09 $377,954.29
3137B4GZ3 FHMS K032 X1 FLT 0.22073 05/25/2023 US 28,484,424.28 $147,865.49
3137B5KW2 FHMS K035 A2 3.45800 08/25/2023 US 2,631,000 $2,672,267.76
3137BT7J4 FHMS KJ10 A2 2.91200 12/25/2023 US 2,558,000 $2,527,994.92
3137BWVV3 FHMS KJ13 A2 2.86400 08/25/2022 US 1,827,000 $1,815,327.66
3137F4YU0 FHLM POOL FHR4791 4.00000 03/15/2044 US 1,296,787.4 $1,328,668.92
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882508104 TEXAS INSTRUMENTS INC US TXN 28,520 $3,144,330.00
88650V208 TIER REIT INC US TIER 5,170 $122,942.60
89173CAA5 TPMT 2016-5 A1 2.50000 10/25/2056 US 1,162,627.81 $1,135,401.62
89613BAA5 TAH 2013-SFR1 A 2.58900 11/17/2033 US 875,020.04 $846,789.44
89613FAA6 TAH 2017-SFR2 A 2.92800 01/17/2036 US 1,000,000 $963,207.10
896356AE2 TRINIDAD DRILLING LTD 6.62500 02/15/2025 CA 264,000 $254,100.00
901109AF5 TUTOR PERINI CORP 6.87500 05/01/2025 US 276,000 $276,345.00
902653104 UDR INC US UDR 7,280 $273,291.20
903002103 UMH PROPERTIES INC US UMH 4,475 $68,691.25
90320MAA3 UPCB FINANCE IV LTD 5.37500 01/15/2025 KY 320,000 $304,032.00
904767704 UNILEVER PLC - ADR GB UL 108,624 $6,004,734.72
912796PY9 TREASURY BILL 0.00000 09/06/2018 US 6,150,000 $6,128,831.21
912810FM5 UNITED STATES TREAS BOND 6.25000 05/15/2030 US 4,599,000 $6,154,575.83
912810PT9 UNITED STATES TREAS BOND 4.75000 02/15/2037 US 7,419,000 $9,402,713.07
912810QV3 UNITED STATES TREAS INFL INDEX 0.75000 02/15/2042 US 3,135,908.16 $3,061,651.61
912810RK6 US TREASURY N/B 2.50000 02/15/2045 US 5,213,000 $4,752,993.46
912810RX8 US TREASURY N/B 3.00000 05/15/2047 US 12,990,000 $13,028,056.67
9128283W8 US TREASURY N/B 2.75000 02/15/2028 US 6,450,000 $6,394,822.25
912828D23 US TREASURY N/B 1.62500 04/30/2019 US 12,200,000 $12,129,945.28
912828K33 UNITED STATES TREAS INFL INDEX 0.12500 04/15/2020 US 3,031,932.93 $2,999,603.49
912828K58 UNITED STATES TREAS NTS 1.37500 04/30/2020 US 12,375,000 $12,121,699.22
912828R28 US TREASURY N/B 1.62500 04/30/2023 US 13,000,000 $12,351,015.56
912828R36 US TREASURY N/B 1.62500 05/15/2026 US 6,599,000 $6,036,280.57
912828S92 US TREASURY N/B 1.25000 07/31/2023 US 15,796,000 $14,678,556.37
912828UH1 UNITED STATES TREAS INFL INDEX 0.12500 01/15/2023 US 3,009,193.04 $2,941,668.82
912828X88 US TREASURY N/B 2.37500 05/15/2027 US 6,465,000 $6,225,845.49
91704F104 URBAN EDGE PROPERTIES US UE 10,675 $244,137.25
92276F100 VENTAS INC US VTR 2,180 $124,151.00
92339V100 VEREIT INC US VER 14,330 $106,615.20
92343VDV3 VERIZON COMMUNICATIONS 5.50000 03/16/2047 US 3,360,000 $3,520,811.99
92532F100 VERTEX PHARMACEUTICALS INC US VRTX 14,320 $2,433,827.20
92826C839 VISA INC - CLASS A SHARES US V 45,930 $6,083,428.50
92903PAC3 VNO 2010 - VNO A2FX 4.00350 09/13/2028 US 350,000 $356,732.43
929042109 VORNADO REALTY TRUST US VNO 4,585 $338,923.20
92960PAA7 W/S PACKAGING HOLDINGS 9.00000 04/15/2023 US 235,000 $237,937.50
948565AC0 WEEKLEY HOMES LLC/ FINAN 6.00000 02/01/2023 US 155,000 $150,931.25
94856TAA2 WEEKLEY HOMES LLC/ FINAN 6.62500 08/15/2025 US 250,000 $236,875.00
94987MAB7 WELLS FARGO COMMERCIAL MORTGAGE 4.39300 11/15/2043 US 600,000 $614,204.34
95040Q104 WELLTOWER INC. US WELL 2,635 $165,188.15
962166104 WEYERHAEUSER CO US WY 2,560 $93,337.60
962178AL3 TRI POINTE HOLDINGS INC 4.37500 06/15/2019 US 170,000 $170,884.00
962178AN9 TRI POINTE GROUP / HOMES 5.87500 06/15/2024 US 147,000 $145,897.50
96949LAD7 WILLIAMS PARTNERS LP 3.75000 06/15/2027 US 1,650,000 $1,557,973.61
97651JAE6 WINWATER MORTGAGE LOAN TRUST 3.50000 03/20/2045 US 441,229.2 $441,742.97
97652TAA1 WIN 2015-1 A1 3.50000 01/20/2045 US 503,190.56 $494,433.28
98919V105 ZAYO GROUP HOLDINGS INC US ZAYO 127,170 $4,639,161.60
AN7903213 SONGA BULK ASA 6.83263 06/13/2022 NO 200,000 $207,728.00
AP0787667 MPC CONTAINER SHIPS FLT 7.08188 09/22/2022 NL 200,000 $205,102.00
AP8694550 BOREALIS FINANCE LLC 7.50000 11/16/2022 MH 400,000 $394,500.00
B0190C7 TECHTRONIC INDUSTRIES CO LTD HK 669 HK 11,000 $61,092.82
B02J639 ADMIRAL GROUP PLC GB ADM LN 2,600 $65,343.92
B037JC2 NEXITY FR NXI FP 4,215 $266,097.25
B0386J1 JYSKE BANK-REG DK JYSK DC 2,685 $146,761.88
B06JSP1 SYDBANK A/S DK SYDB DC 3,890 $133,350.24
B09DHL9 MTU AERO ENGINES HOLDING AG DE MTX GR 370 $70,870.43
B09M9D2 KONE OYJ-B FI KNEBV FH 1,285 $65,336.58
B11TCY0 SCHINDLER HOLDING-PART CERT CH SCHP SW 300 $64,410.87
B11ZRK9 LEGRAND SA FR LR FP 3,235 $236,954.66
B138HB7 KAUFMAN & BROAD SA FR KOF FP 4,298 $202,400.24
B13X013 EIFFAGE FR FGR FP 2,480 $269,436.12
B15C557 TOTAL SA FR FP FP 3,425 $207,985.99
B19NLV4 EXPERIAN PLC GB EXPN LN 2,770 $68,332.03
B1CRLC4 MONDI PLC GB MNDI LN 2,470 $66,635.81
B1FW751 GALP ENERGIA SGPS SA PT GALP PL 14,185 $269,850.84
B1HDJL2 NATIXIS FR KN FP 31,170 $220,545.32
B1KFX13 GRUPO AEROPORTUARIO DEL CENT MX OMAB MM 14,100 $73,637.14
B1WGG93 GEBERIT AG-REG CH GEBN SW 505 $216,222.79
B1WY233 SMITHS GROUP PLC GB SMIN LN 3,010 $67,235.66
B1XFTL2 HEXAGON AB-B SHS SE HEXAB SS 3,445 $191,428.88
B1XH026 VINCI SA FR DG FP 6,080 $583,626.93
B1Y9TB3 DANONE FR BN FP 2,988 $218,161.60
B1YVKN8 ANTA SPORTS PRODUCTS LTD CN 2020 HK 36,000 $189,839.07
B232R05 SK INNOVATION CO LTD KR 096770 KS 790 $143,091.41
B249GC0 MATSUMOTOKIYOSHI HOLDINGS CO JP 3088 JP 3,000 $134,621.45
B283W97 CAIXABANK S.A ES CABK SM 61,520 $264,799.95
B3FP8W8 CANADA HOUSING TRUST 4.10000 12/15/2018 CA 299,000 $229,954.69
B3MPN59 SUN ART RETAIL GROUP LTD HK 6808 HK 59,500 $77,622.04
B3MSM28 AMADEUS IT HOLDING SA-A SHS ES AMS SM 870 $68,410.32
B3NB1P2 SUNCOR ENERGY INC CA SU CN 3,645 $148,334.16
B3ZD2V9 MEX BONOS DESARR FIX RT 6.50000 06/10/2021 MX 3,112,000 $151,696.34
B4888C1 CANADIAN GOVERNMENT FLT 2.75000 06/01/2022 CA 358,000 $279,630.23
B4NDCC9 MEX BONOS DESARR FIX RT 6.50000 06/09/2022 MX 5,057,000 $244,245.44
B4Q2TX3 CHINA LONGYUAN POWER GROUP-H CN 916 HK 327,000 $262,682.87
B4R2R50 JULIUS BAER CH BAER SW 7,760 $454,514.61
B4WTBY3 HUANENG RENEWABLES CORP-H CN 958 HK 688,000 $228,046.80
B4YN9R2 SINGAPORE GOVERNMENT 2.50000 06/01/2019 SG 657,000 $485,241.64
B4YVF56 BRENNTAG AG DE BNR GR 2,952 $164,018.22
B607XS1 VERMILION ENERGY INC CA VET CN 3,990 $143,890.69
B615Y14 MEX BONOS DESARR FIX RT 8.00000 06/11/2020 MX 7,313,000 $370,130.35
B61JC67 TREASURY WINE ESTATES LTD AU TWE AU 22,000.67 $282,665.27
B63QM77 NEXON CO LTD JP 3659 JP 16,200 $235,051.74
B6TC406 MEX BONOS DESARR FIX RT 7.75000 05/29/2031 MX 972,000 $49,421.61
B7VQL46 FNAC DARTY SA FR FNAC FP 1,925 $182,473.61
BB22L96 KION GROUP AG DE KGX GR 2,420 $173,706.46
BBG00J8JCGT8 BABA US 07/20/18 P185 CN -110 -$56,650.00
BBG00KWNZGX9 SCHW US 06/29/18 P51.5 US -305 -$6,100.00
BBG00KZ9KMK4 QRVO US 07/20/18 P75 US -204 -$12,444.00
BBG00KZB2V74 REGN US 07/20/18 C360 US -42 -$21,000.00
BBG00KZD4H15 SGEN US 07/20/18 P60 US -256 -$10,240.00
BBG00L3N2DV4 FB US 07/27/18 P180 US -113 -$18,871.00
BD4TZK8 OCI NV NL OCI NA 5,725 $153,736.55
BD6K457 COMPASS GROUP PLC GB CPG LN 3,160 $67,357.33
BD82246 EAGLE BULK SHIPCO 8.25000 11/28/2022 MH 200,000 $203,000.00
BD97BN2 ATLAS COPCO AB-A SHS SE ATCOA SS 1,670 $48,364.12
BDQZ7T7 WISDOM EDUCATION INTERNATION CN 6068 HK 148,000 $128,597.11
BDZV116 EPIROC AB-A SE EPIA SS 21,455 $225,143.66
BF2DSG3 SIKA AG-REG CH SIKA SW 600 $82,901.77
BF955D8 TELENET FINANCE LUX NOTE 5.50000 03/01/2028 LU 400,000 $364,000.00
BFMDQ58 REPSOL SA-RTS ES 10,830 $6,147.85
BFWG293 OKEA AS FLT 8.83563 06/28/2023 NO 200,000 $200,500.00
BFYFZP5 FERGUSON PLC CH FERG LN 833.68 $67,451.49
BFYM460 UNIBAIL-RODAMCO-WESTFIELD FR URW NA 1,370 $301,658.86
BGHQ198 HIBERNIA REIT PLC IE HBRN ID 69,120 $121,077.65
BH4TZ73 FU SHOU YUAN INTERNATIONAL CN 1448 HK 203,000 $228,468.07
BMMV2K8 TENCENT HOLDINGS LTD CN 700 HK 70,275 $3,528,887.43
BNBNSG0 EURONEXT NV NL ENX FP 5,060 $320,640.80
BNGN9Z1 FINECOBANK SPA IT FBK IM 23,920 $269,269.18
BP9DL90 INDUSTRIA DE DISENO TEXTIL ES ITX SM 122,760 $4,180,488.57
BQRRZ00 RECRUIT HOLDINGS CO LTD JP 6098 JP 2,500 $69,046.65
BSBMKM2 CHINA MAPLE LEAF EDUCATIONAL CN 1317 HK 72,000 $129,291.91
BVSS790 ELIS SA FR ELIS FP 8,955 $204,785.94
BYM4063 BECLE SAB DE CV MX 44,940 $64,761.66
BYPC1T4 ASSA ABLOY AB-B SE ASSAB SS 3,160 $67,028.66
BYQ32R1 NEMAK SAB DE CV MX 188,500 $129,556.53
BYWPGC4 CHINA YUHUA EDUCATION CORP L CN 6169 HK 88,000 $62,258.55
BYXS699 QIAGEN N.V. NL QIA GR 3,469 $125,748.54
BYY8LS2 MAISONS DU MONDE SA FR MDM FP 3,475 $127,789.36
BYYHL23 ANHEUSER-BUSCH INBEV SA/NV BE ABI BB 99,539 $10,040,011.68
BYZ43T4 EUROBANK ERGASIAS SA GR EUROB GA 132,380 $137,645.61
BYZFYS3 SPIE SA FR SPIE FP 12,710 $257,265.65
BYZFZ91 SOPHOS GROUP PLC GB SOPH LN 26,910 $226,274.77
BYZWX76 CRODA INTERNATIONAL PLC GB CRDA LN 4,154 $262,437.51
BZ3C3Q4 BANKIA SA ES BKIA SM 38,888 $145,016.26
BZCNN35 BANCO COMERCIAL PORTUGUES-R PT BCP PL 374,975 $112,129.48
G02602103 AMDOCS LTD GG DOX 4,835 $320,028.65
G06242104 ATLASSIAN CORP PLC-CLASS A AU TEAM 732 $45,764.64
G27358103 DESPEGAR.COM CORP AR DESP 1,700 $35,649.00
G3157S106 ENSCO INTERNATIONAL INC US ESV 310,750 $2,256,045.00
G37585AC3 GASLOG LTD 8.87500 03/22/2022 BM 295,000 $306,062.50
G5960L103 MEDTRONIC INC IE MDT 92,010 $7,876,976.10
G68707101 PAGSEGURO DIGITAL LTD-CL A BR PAGS 2,280 $63,270.00
G97822103 PERRIGO CO PLC IE PRGO 3,320 $242,061.20
H8817H100 TRANSOCEAN LTD US RIG 230,430 $3,096,979.20
N47279109 INTERXION HOLDING NX NL INXN 5,265 $328,641.30
N72482123 QIAGEN N.V. ADR NL QGEN 2,432 $87,941.12

Investments will change over time.

Distributions

  • Pro-Blend® Extended Term Series Class I Distribution History
  • 2018 Distribution Calendar
  • Fourth Quarter 2017 Distributions
  • Third Quarter 2017 Distributions
  • Second Quarter 2018 Distributions
  • First Quarter 2018 Distributions
  • Tax Letter

A Word About Risk

All investments involve risks, including possible loss of principal. Because the fund invests 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 the fund will also involve a number of other risks, including issuer-specific risk, foreign investment risk, and small-cap/mid-cap risk. 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.


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