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 securities 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

$9.13

Daily $ Change

-$0.04

Daily % Change

-0.44%

as of 07/09/2020

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

Performance

As of 06/30/2020

YTD

4.37%

1 Year

10.91%

3 Year

8.01%

5 Year

6.35%

10 Year

8.15%

Inception
(10/12/1993)

8.24%

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

6.90%

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 0.86%
Net 0.85%*

*Reflects the Advisor’s contractual agreement to limit its fees and reimburse certain expenses. The contractual waiver may not be amended or terminated without the prior approval of the Fund's Board of Directors.

Top Ten Investments

As of 06/30/2020

TREASURY NOTES 8.87%
GOVERNMENT AGENCY 5.30%
TREASURY BONDS 2.36%
VISA INC - CLASS A SHARES 2.24%
MASTERCARD INC-CLASS A 2.14%
NEXON CO LTD 1.77%
EXPEDIA INC 1.69%
AMAZON.COM INC 1.64%
UNILEVER PLC - ADR 1.56%
NOVARTIS AG- REG 1.53%

This investment list is unaudited and excludes cash.

Asset Allocation

As of 06/30/2020

Stocks 57.24%
Bonds 41.55%
Cash 1.21%

Detailed Asset Class Allocation

As of 06/30/2020

International Equities 16.19%
Small Capitalization 0.93%
Mid Capitalization 3.74%
Large Capitalization 36.38%
Long Term Fixed Income 12.51%
Intermediate Term Fixed Income 27.45%
Short Term Fixed Income 1.59%
Cash 1.21%

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

June Fund Holdings

As of 06/30/2020

CUSIP Security Description Country Ticker Shares/Par Market Value (USD)
00206RDQ2 AT&T INC 4.25000 03/01/2027 US 770,000 $877,139.15
00287Y109 ABBVIE INC US ABBV 2,126 $208,730.68
00507V109 ACTIVISION INC US ATVI 72,790 $5,524,761.00
00774MAG0 AERCAP IRELAND CAP / GLOBA 4.45000 10/01/2025 IE 2,380,000 $2,286,688.51
00791GAA5 AG MERGER SUB II INC 10.75000 08/01/2027 US 55,000 $53,900.00
008492100 AGREE REALTY CORP US ADC 2,443 $160,529.53
00912XAV6 AIR LEASE CORP 3.62500 04/01/2027 US 1,050,000 $1,029,839.06
00914AAB8 AIR LEASE CORP 3.75000 06/01/2026 US 740,000 $746,764.88
01166WAA5 ALASKA AIR 2020-1 CL B 8.00000 08/15/2025 US 100,000 $101,250.00
013822AC5 ALCOA NEDERLAND HOLDING 6.12500 05/15/2028 NL 140,000 $143,413.20
015271109 ALEXANDRIA REAL EST EQUITIES US ARE 870 $141,157.50
01609W102 ALIBABA GROUP - ADR CN BABA 26,545 $5,725,756.50
01609WAT9 ALIBABA GROUP HOLDING 3.40000 12/06/2027 KY 2,750,000 $3,055,132.27
020002101 ALLSTATE CORPORATION US ALL 571 $55,381.29
02079K305 ALPHABET INC-CL A US GOOGL 3,595 $5,097,889.75
023135106 AMAZON.COM INC US AMZN 3,070 $8,469,577.40
02319V103 AMBEV SA-ADR BR ABEV 59,713 $157,642.32
0237400 DIAGEO PLC GB DGE LN 85,161 $2,830,516.89
02406PBA7 AMERICAN AXLE & MFG INC 6.87500 07/01/2028 US 100,000 $99,000.00
024835100 AMERICAN CAMPUS COMMUNITIES US ACC 6,748 $235,910.08
02665T306 AMERICAN HOMES 4 RENT- A US AMH 8,560 $230,264.00
03027X100 AMERICAN TOWER REIT INC US AMT 12,830 $3,317,068.20
03027XAW0 AMERICAN TOWER CORP 3.80000 08/15/2029 US 2,170,000 $2,455,951.66
03063NAA5 AMERICOLD LLC TRUST 3.84730 01/14/2029 US 22,960.69 $22,980.07
03064D108 AMERICOLD REALTY TRUST US COLD 7,965 $289,129.50
032654105 ANALOG DEVICES INC US ADI 536 $65,735.04
03690AAD8 ANTERO MIDSTREAM PART / FI 5.75000 03/01/2027 US 170,000 $134,300.00
03690AAF3 ANTERO MIDSTREAM PART/FI 5.75000 01/15/2028 US 155,000 $122,450.00
03748R754 APARTMENT INVT & MGMT CO -A US AIV 4,491 $169,041.24
039483102 ARCHER-DANIELS-MIDLAND CO US ADM 1,159 $46,244.10
053015103 AUTOMATIC DATA PROCESSING US ADP 513 $76,380.57
053484101 AVALONBAY COMMUNITIES INC US AVB 2,140 $330,929.60
05401AAJ0 AVOLON HOLDINGS FNDG LTD 3.25000 02/15/2027 KY 1,090,000 $880,421.30
055622104 BP PLC-SPONS ADR GB BP 4,035 $94,096.20
05604LAA0 BWAY 2015-1740 A 2.91700 01/10/2035 US 2,411,000 $2,459,019.65
05722G100 BAKER HUGHES CO US BKR 2,403 $36,982.17
060505104 BANK OF AMERICA CORP US BAC 8,506 $202,017.50
06051GFM6 BANK OF AMERICA CORP 4.00000 01/22/2025 US 1,190,000 $1,314,182.50
084670702 BERKSHIRE HATHAWAY INC-CL B US BRK/B 26,140 $4,666,251.40
086516101 BEST BUY INC US BBY 644 $56,201.88
09061G101 BIOMARIN PHARMACEUTICAL INC US BMRN 36,580 $4,511,777.20
0946580 WEIR GROUP PLC/THE GB WEIR LN 18,790 $246,923.54
09857L108 BOOKING HOLDINGS INC US BKNG 1,615 $2,571,629.10
101121101 BOSTON PROPERTIES INC US BXP 766 $69,231.08
105368203 BRANDYWINE REALTY TRUST US BDN 12,455 $135,634.95
110122108 BRISTOL MYERS SQUIBB CO US BMY 2,933 $172,460.40
11680JAA0 BRUIN E&P PARTNERS LLC 8.87500 08/01/2023 US 510,000 $10,200.00
12503M108 CBOE GLOBAL MARKETS INC US CBOE 39,790 $3,711,611.20
12541W209 C.H. ROBINSON WORLDWIDE INC US CHRW 434 $34,312.04
12555DAA3 CIM 2019-INV1 A1 3.84515 02/25/2049 US 347,464.4 $357,424.81
12572Q105 CME GROUP INC US CME 15,520 $2,522,620.80
12646XAH5 CSMC 2013-IVR3 A1 2.50000 05/25/2043 US 412,253.13 $425,559.55
12653CAC2 CNX RESOURCES CORP 7.25000 03/14/2027 US 55,000 $50,600.00
12654TAA8 CNX MIDSTREAM PTR/CNX 6.50000 03/15/2026 US 45,000 $41,400.00
127097103 CABOT OIL & GAS CORP US COG 408,260 $7,013,906.80
131477AT8 CALUMET SPECIALTY PROD 11.00000 04/15/2025 US 75,000 $72,375.00
133131102 CAMDEN PROPERTY TRUST US CPT 3,575 $326,111.50
13321L108 CAMECO CORP CA CCJ 36,616 $375,314.00
14180LAA4 CARGO AIRCRAFT MANAGEMENT 4.75000 02/01/2028 US 130,000 $128,862.50
143905AN7 CARRIAGE SERVICES INC 6.62500 06/01/2026 US 85,000 $89,356.25
149123101 CATERPILLAR INC US CAT 888 $112,332.00
14980AAA0 CAZENOVIA CREEK FUNDING LLC 3.56070 07/15/2030 US 487,232.22 $482,904.53
15135UAF6 CENOVUS ENERGY INC 6.75000 11/15/2039 CA 100,000 $97,366.28
16119P108 CHARTER COMMUNICATIONS INC-A US CHTR 9,505 $4,847,930.20
16411QAD3 CHENIERE ENERGY PARTNERS 5.62500 10/01/2026 US 155,000 $154,225.00
165183AL8 CFII 2017-2A A1 1.99000 05/15/2029 US 1,235,940.77 $1,241,373.97
165183BB9 CFII 2017-4A A1 2.12000 11/15/2029 US 494,522.9 $497,932.49
166764100 CHEVRON CORP US CVX 10,925 $974,837.75
172062101 CINCINNATI FINANCIAL CORP US CINF 318 $20,361.54
17275R102 CISCO SYSTEMS INC US CSCO 4,921 $229,515.44
172967424 CITIGROUP INC US C 2,556 $130,611.60
172967KA8 CITIGROUP INCA 4.45000 09/29/2027 US 1,900,000 $2,169,167.79
191216100 COCA COLA CO/THE US KO 137,530 $6,144,840.40
194162103 COLGATE-PALMOLIVE CO US CL 1,572 $115,164.72
20030N101 COMCAST CORP-CL A US CMCSA 3,874 $151,008.52
20030NCY5 COMCAST CORP 3.25000 11/01/2039 US 1,910,000 $2,118,748.89
20268CAA6 CBSLT 2019-AGS A1 MTGE 2.54000 01/25/2047 US 1,471,131.19 $1,527,721.05
20369C106 COMMUNITY HEALTHCARE TRUST I US CHCT 3,960 $161,964.00
20451NAG6 COMPASS MINERALS INTERNA 6.75000 12/01/2027 US 80,000 $84,000.00
205887102 CONAGRA BRAND INC. US CAG 1,232 $43,329.44
20605P101 CONCHO RESOURCES INC US CXO 65,295 $3,362,692.50
20825C104 CONOCOPHILLIPS US COP 48,246 $2,027,296.92
21036P108 CONSTELLATION BRANDS INC-A US STZ 283 $49,510.85
217204106 COPART INC US CPRT 29,160 $2,428,153.20
21870Q105 CORESITE REALTY CORP US COR 680 $82,320.80
222795502 COUSINS PROPERTIES INC US CUZ 9,562 $285,234.46
22822V101 CROWN CASTLE INTL CORP US CCI 1,970 $329,679.50
22822VAN1 CROWN CASTLE INTL CORP 3.10000 11/15/2029 US 1,000,000 $1,071,988.65
22944PAA5 CSMC 2013-TH1 A1 2.13000 02/25/2043 US 370,990.7 $380,169.12
231021106 CUMMINS INC US CMI 350 $60,641.00
247361ZZ4 DELTA AIR LINES INC 7.37500 01/15/2026 US 155,000 $149,946.71
253868103 DIGITAL REALTY TRUST INC US DLR 3,201 $454,894.11
254687FW1 WALT DISNEY COMPANY/THE 2.20000 01/13/2028 US 810,000 $845,664.28
25470DAT6 DISCOVERY COMMUNICATIONS 5.20000 09/20/2047 US 2,230,000 $2,594,426.31
256746108 DOLLAR TREE STORES INC US DLTR 30,720 $2,847,129.60
25746UDG1 DOMINION ENERGY 3.37500 04/01/2030 US 1,130,000 $1,247,328.44
25787GAC4 DONNELLEY FINANCIAL SOL 8.25000 10/15/2024 US 175,000 $172,390.75
25960P109 DOUGLAS EMMETT INC US DEI 6,260 $191,931.60
260003108 DOVER CORP US DOV 286 $27,616.16
26151AAA7 DRAX FINCO PLC 6.62500 11/01/2025 GB 245,000 $251,125.00
262006208 DREYFUS GVT CSH MANAGEMENT US 6,321,192.07 $6,321,192.07
26439XAC7 DCP MIDSTREAM OPERATING 8.12500 08/16/2030 US 50,000 $52,500.00
264411505 DUKE RLTY INVTS INC US DRE 6,546 $231,662.94
26875P101 EOG RESOURCES INC US EOG 60,516 $3,065,740.56
26884L109 EQT CORP US EQT 232,650 $2,768,535.00
26884LAG4 EQT CORP 7.00000 02/01/2030 US 100,000 $103,003.00
2715777 QUEBECOR INC -CL B CA QBR/B CN 18,340 $394,061.43
277276101 EASTGROUP PROPERTIES US EGP 788 $93,464.68
285512109 ELECTRONIC ARTS US EA 32,680 $4,315,394.00
2866857 LUNDIN MINING CORP CA LUN CN 39,700 $212,887.45
291011104 EMERSON ELEC CO US EMR 1,300 $80,639.00
29273RAR0 ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 US 2,140,000 $2,318,125.81
29444U700 EQUINIX INC US EQIX 7,748 $5,441,420.40
29472R108 EQUITY LIFESTYLE PROPERTIES US ELS 4,640 $289,907.20
29476L107 EQUITY RESIDENTIAL US EQR 3,000 $176,460.00
297178105 ESSEX PROPERTY TRUST INC US ESS 467 $107,022.39
30212P303 EXPEDIA INC US EXPE 105,690 $8,687,718.00
30212PAS4 EXPEDIA GROUP INC 6.25000 05/01/2025 US 970,000 $1,033,314.97
302154BV0 EXPORT-IMPORT BANK KOREA 2.62500 12/30/2020 KR 4,625,000 $4,663,202.50
30225T102 EXTRA SPACE STORAGE INC US EXR 840 $77,590.80
30231G102 EXXON MOBIL CORP US XOM 45,430 $2,031,629.60
302491303 FMC CORP US FMC 29,070 $2,895,953.40
30264DAA7 FS ENERGY & POWER FUND 7.50000 08/15/2023 US 85,000 $72,462.50
30287EAE0 FREMF 2014-K41 B FLT 3.96333 11/25/2047 US 1,315,000 $1,413,027.46
30291HAA5 FREMF 2013-K28 X2A 0.10000 06/25/2046 US 74,526,929.91 $151,341.84
30291XAE2 FREMF 2014-K715 B FLT 4.12096 02/25/2046 US 1,279,000 $1,292,043.50
30303M102 FACEBOOK INC -A US FB 22,610 $5,134,052.70
311900104 FASTENAL CO US FAST 1,416 $60,661.44
3128M5VT4 FHLM POOL G03926 6.00000 02/01/2038 US 88,072.79 $102,641.09
3128M6NC8 FHLM POOL G04587 5.50000 08/01/2038 US 376,620.32 $431,228.58
3128M6NS3 FHLM POOL G04601 5.50000 07/01/2038 US 383,176.65 $438,235.14
3128M6SU3 FHLM POOL G04731 5.50000 04/01/2038 US 143,103.96 $164,236.71
3128M73P9 FHLM POOL G05906 6.00000 04/01/2040 US 92,214.31 $106,689.62
3128MB4Q7 FHLM POOL G13331 5.50000 10/01/2023 US 3,608.43 $3,755.73
3128MBDP9 FHLM POOL G12610 6.00000 03/01/2022 US 6,930.19 $7,082.03
3128MBE45 FHLM POOL G12655 6.00000 05/01/2022 US 4,888.4 $5,017.41
3128MBRH2 FHLM POOL G12988 6.00000 01/01/2023 US 4,703.84 $4,885.14
3128MBUB1 FHLM POOL G13078 6.00000 03/01/2023 US 7,306.59 $7,555.96
3128MJJT8 FHLM POOL G08273 5.50000 06/01/2038 US 181,572.11 $208,010.69
3128P75X7 FHLM POOL C91762 4.50000 05/01/2034 US 353,803.33 $387,941.88
3128P76G3 FHLM POOL C91771 4.50000 06/01/2034 US 283,405.92 $310,758.33
3128P76R9 FHLM POOL C91780 4.50000 07/01/2034 US 389,936.72 $427,567.17
3132QQFU1 FHLM POOL Q33778 4.00000 06/01/2045 US 530,889.75 $575,329.17
31335AFY9 FHLM POOL G60183 4.00000 12/01/2044 US 367,819.23 $396,589.23
3133A6DB4 FEDERAL NATL MTG ASSN FR QB0098 2.50000 06/01/2050 US 2,395,763.3 $2,497,823.56
3136AY6W8 FNA 2017-M15 A1 FLT 3.05797 09/25/2027 US 1,276,817.02 $1,391,321.97
3136B1YD0 FNR 2018-31 KP 3.50000 07/25/2047 US 596,631.87 $618,916.25
3137A2B34 FHMS K009 X1 FLT 1.35336 08/25/2020 US 2,300,216.38 $471.08
3137ADTK3 FHMS K014 X1 FLT 1.32363 04/25/2021 US 8,715,400.82 $53,147.39
3137AJMG6 FMHS K016 X1 FLT 1.63485 10/25/2021 US 3,539,459.62 $54,413.88
3137AME78 FHMS K017 X1 FLT 1.43323 12/25/2021 US 14,569,539 $194,515.00
3137AUPF0 FHMS K021 x1 FLT 1.54788 06/25/2022 US 10,468,029.9 $230,556.26
3137B3NB0 FHMS K030 X1 FLT 0.28853 04/25/2023 US 41,937,755.71 $186,878.83
3137B4GZ3 FHMS K032 X1 FLT 0.20687 05/25/2023 US 26,968,194.48 $84,256.73
3137F4YU0 FHR 4791 BA MTGE 4.00000 03/15/2044 US 610,373.97 $623,384.70
3137FG2L8 FHR 4801 BA MTGE 4.50000 05/15/2044 US 410,856.3 $417,654.12
3138AJXA5 FEDERAL NATL MTG ASSN A15172 4.00000 08/01/2041 US 472,268.56 $518,448.08
3138EGE26 FEDERAL NATL MTG ASSN AL0152 6.00000 06/01/2040 US 418,843.09 $488,944.35
3138EGHT4 FEDERAL NATL MTG ASSN AL0241 4.00000 04/01/2041 US 662,959.37 $728,233.71
3138EHR87 FEDERAL NATL MTG ASSN AL1410 4.50000 12/01/2041 US 826,408.48 $916,583.81
3138EHXZ0 FEDERAL NATL MTG ASSN AL1595 6.00000 01/01/2040 US 206,435.58 $240,983.64
3138EQST0 FEDERAL NATL MTG ASSN AL7729 4.00000 06/01/2043 US 512,957.76 $563,053.04
3138ETT89 FEDERAL NATL MTG ASSN AL8674 FLT 5.64500 01/01/2049 US 1,061,031.19 $1,242,760.92
3138WDRZ6 FEDERAL NATL MTG ASSN AS4103 4.50000 12/01/2044 US 521,087.67 $573,365.77
3138Y6Y81 FEDERAL NATL MTG ASSN AX5234 4.50000 11/01/2044 US 414,092.07 $454,204.50
3140E2GZ8 FEDERAL NATL MTG ASSN AZ9215 4.00000 10/01/2045 US 381,279.39 $419,294.39
3140F2QS2 FEDERAL NATL MTG ASSN BC6764 3.50000 04/01/2046 US 497,445.55 $530,133.46
3140FEX33 FEDERAL NATL MTG ASSN BD6997 4.00000 10/01/2046 US 551,230.4 $588,859.36
3140FTWF4 FEDERAL NATL MTG ASSN BE7845 4.50000 02/01/2047 US 381,778.82 $412,984.68
31410FSE6 FEDERAL NATL MTG ASSN 888017 6.00000 11/01/2021 US 4,108.45 $4,185.60
31410FV51 FEDERAL NATL MTG ASSN 888136 6.00000 12/01/2021 US 5,080.89 $5,185.64
31410GCD3 FEDERAL NATL MTG ASSN 888468 5.50000 09/01/2021 US 16,863.53 $17,046.82
31410GN33 FEDERAL NATL MTG ASSN 888810 5.50000 11/01/2022 US 18,661.76 $18,875.99
31410KJV7 FEDERAL NATL MTG ASSN 889576 6.00000 04/01/2038 US 213,477.96 $249,204.35
31410KJY1 FEDERAL NATL MTG ASSN 889579 6.00000 05/01/2038 US 172,841.04 $201,766.03
31411JXP6 FEDERAL NATL MTG ASSN 909786 5.50000 03/01/2037 US 80,337.73 $91,974.17
31415VXY6 FEDERAL NATL MTG ASSN 990895 5.50000 10/01/2023 US 12,039.16 $12,701.87
31416BRR1 FEDERAL NATL MTG ASSN 995196 6.00000 07/01/2038 US 10,619.51 $12,396.33
31416BSW9 FEDERAL NATL MTG ASSN 995233 5.50000 10/01/2021 US 270.19 $272.05
31416BVW5 FEDERAL NATL MTG ASSN 995329 5.50000 12/01/2021 US 14,492.81 $14,649.60
31417YJC2 FEDERAL NATL MTG ASSN MA0258 4.50000 12/01/2039 US 341,452.07 $379,542.10
31418BBC9 FEDERAL NATL MTG ASSN MA1834 4.50000 02/01/2034 US 462,638.7 $507,146.05
31418BDH6 FEDERAL NATL MTG ASSN MA1903 4.50000 05/01/2034 US 342,077.18 $374,989.43
31418CYJ7 FEDERAL NATL MTG ASSN FN MA3412 3.50000 07/01/2038 US 1,114,210.86 $1,176,767.16
31418CZ56 FEDERAL NATL MTG ASSN FN MA3463 4.00000 09/01/2033 US 982,739.4 $1,039,954.49
31418DNN8 FEDERAL NATL MTG ASSN FN MA3996 2.50000 04/01/2050 US 1,230,248.08 $1,268,203.24
31418DQ21 FEDERAL NATL MTG ASSN FN MA4072 2.50000 07/01/2040 US 1,145,000 $1,194,437.61
31418DQG0 FEDERAL NATL MTG ASSN FN MA4054 2.50000 06/01/2040 US 3,418,644.88 $3,566,245.93
31418DQZ8 FEDERAL NATL MTG ASSN FN MA4071 2.00000 07/01/2040 US 2,530,000 $2,597,988.08
31418MG63 FEDERAL NATL MTG ASSN AD0220 6.00000 10/01/2038 US 16,292.54 $19,008.26
31418MGR7 FEDERAL NATL MTG ASSN AD0207 6.00000 10/01/2038 US 425,727.73 $496,661.87
31418MKV3 FEDERAL NATL MTG ASSN AD0307 5.50000 01/01/2039 US 272,030.14 $312,431.69
31418MQQ8 FEDERAL NATL MTG ASSN AD0462 5.50000 10/01/2024 US 8,079.18 $8,532.48
315786AC7 FIDELITY & GUARA NTY LIFE 5.50000 05/01/2025 US 190,000 $205,200.00
316773100 FIFTH THIRD BANCORP US FITB 1,623 $31,291.44
32054K103 FIRST INDUSTRIAL REALTY TR US FR 4,565 $175,478.60
33834YAA6 FIVE POINT OP CO LP/FIVE 7.87500 11/15/2025 US 155,000 $146,475.00
34461LAA2 FONTAINEBLEAU MIAMI BEACH TRUST 3.14400 12/10/2036 US 1,220,000 $1,225,147.30
345370CX6 FORD MOTOR COMPANY 9.62500 04/22/2030 US 270,000 $319,761.00
346232AE1 FORESTAR GROUP INC 5.00000 03/01/2028 US 160,000 $156,800.00
34960PAB7 FORTRESS TRANS & INFRAST 6.50000 10/01/2025 US 175,000 $157,536.75
35166FAA0 FOXTROT ESCROW ISSUER 12.25000 11/15/2026 US 110,000 $106,837.50
36248EAA3 GSMS 2010-C2 3.84900 12/10/2043 US 8,006.47 $8,006.67
36257MAA3 GSMS 2019-70P A 1.18475 10/15/2036 US 1,225,000 $1,189,737.76
369550108 GENERAL DYNAMICS CORP US GD 473 $70,694.58
369604BQ5 GENERAL ELECTRIC CO 5.00000 01/21/2021 US 1,980,000 $1,546,538.40
370334104 GENERAL MLS INC US GIS 1,397 $86,125.05
37185LAL6 GENESIS ENERGY LP/FIN 7.75000 02/01/2028 US 75,000 $66,750.00
372460105 GENUINE PARTS CO US GPC 444 $38,610.24
374297109 GETTY REALTY CORP US GTY 4,235 $125,694.80
375558103 GILEAD SCIENCES INC US GILD 2,033 $156,419.02
38379RRX3 GNR 2017-54 AH MTGE 2.60000 12/16/2056 US 1,267,214.4 $1,323,761.31
384802104 WW GRAINGER INC US GWW 101 $31,730.16
388689101 GRAPHIC PACKAGING HOLDING CO US GPK 374,760 $5,242,892.40
400506101 GRUPO AEROPORTUARIO PAC-ADR MX PAC 1,695 $121,734.90
40051E202 GRUPO AEROPORTUARIO DEL SURESTE MX ASR 1,070 $120,150.30
4012250 AIRBUS SE FR AIR FP 2,370 $169,818.74
4031976 ADIDAS AG DE ADS GR 11,490 $3,029,344.74
404119BX6 HCA INC 4.12500 06/15/2029 US 1,540,000 $1,698,754.84
404139AD9 HC2 HOLDINGS INC 11.50000 12/01/2021 US 35,000 $33,337.50
416515104 HARTFORD FINL SVCS US HIG 833 $32,112.15
418751AB9 HAT HOLDINGS I LLC 6.00000 04/15/2025 US 150,000 $157,125.00
421946104 HEALTHCARE REALTY TRUST INC US HR 2,775 $81,279.75
42225P501 HEALTHCARE TRUST OF AMERICA US HTA 2,910 $77,173.20
42250P103 HEALTHPEAK PROPERTIES INC US PEAK 9,220 $254,103.20
427866108 HERSHEY CO/THE US HSY 436 $56,514.32
431571AB4 HILLENBRAND INC 4.50000 09/15/2026 US 155,000 $155,629.30
43300A203 HILTON WORLDWIDE HOLDINGS INC US HLT 1,785 $131,108.25
436106AA6 HOLLYFRONTIER CORP 5.87500 04/01/2026 US 145,000 $159,124.85
437076102 HOME DEPOT INC US HD 1,235 $309,379.85
438516106 HONEYWELL INTERNATIONAL INC US HON 998 $144,300.82
440452100 HORMEL FOODS CORP US HRL 847 $40,884.69
44107P104 HOST MARRIOTT CORP US HST 5,655 $61,017.45
443201AA6 HOWMET AEROSPACE INC 6.87500 05/01/2025 US 155,000 $168,153.45
444454AD4 HUGHES SATELLITE SYSTEMS 5.25000 08/01/2026 US 100,000 $103,420.00
450913AE8 IAMGOLD CORP 7.00000 04/15/2025 CA 185,000 $185,963.85
452308109 ILLINOIS TOOL WKS INC US ITW 572 $100,014.20
45337C102 INCYTE CORP US INCY 18,380 $1,910,968.60
45569LAA9 INDIGO NATURAL RES LLC 6.87500 02/15/2026 US 110,000 $102,300.00
45682RAA8 INFRABUILD AUSTRALIA PTY 12.00000 10/01/2024 AU 80,000 $72,200.00
45778Q107 INSPERITY INC US NSP 21,455 $1,388,782.15
458140100 INTEL CORP US INTC 4,556 $272,585.48
45866F104 INTERCONTINENTALEXCHANGE INC US ICE 26,310 $2,409,996.00
459200101 INTERNATIONAL BUSINESS MACH CORP US IBM 1,240 $149,754.80
459506101 INTERNATIONAL FLVRS & FRAGRANCES US IFF 212 $25,961.52
46116VAE5 INTL FC STORE INC 8.62500 06/15/2025 US 225,000 $234,985.50
46187BAA1 IHSFR 2017-SFR2 A 1.04388 12/17/2036 US 478,877.03 $472,971.85
46187BAB9 IHSFR 2017-SFR2 B 1.34388 12/17/2036 US 390,000 $388,292.46
46187W107 INVITATION HOMES INC US INVH 11,853 $326,313.09
46284VAL5 IRON MOUNTAIN INC 5.62500 07/15/2032 US 110,000 $109,769.00
465410BX5 ITALY GOV'T INT BOND 2.37500 10/17/2024 IT 700,000 $708,722.26
46625H100 JP MORGAN CHASE & CO US JPM 2,811 $264,402.66
46639GAL0 JPMMT 2013-1 1A2 3.00000 03/25/2043 US 271,455.35 $278,706.60
46640BAC8 JPMMT 2013-2 A2 3.50000 05/25/2043 US 236,224.69 $247,118.78
46641YAA1 JPMMT 2014-2 1A1 3.00000 06/25/2029 US 397,203.99 $407,594.17
46647PBP0 JPMORGAN CHASE & CO 2.95600 05/13/2031 US 2,140,000 $2,269,648.71
46647SAJ9 JPMMT 2017-3 1A5 3.50000 08/25/2047 US 476,649.74 $482,297.80
46649HAE2 JPMMT 2017-6 A5 3.50000 12/25/2048 US 690,316.42 $700,837.26
476405105 JERNIGAN CAPITAL INC US JCAP 8,045 $110,055.60
478160104 JOHNSON & JOHNSON US JNJ 52,448 $7,375,762.24
47987LAA9 JONAH NRG LLC/FINANCE 7.25000 10/15/2025 US 105,000 $12,862.50
482480100 KLA-TENCOR CORPORATION US KLAC 350 $68,068.00
487526AB1 KEHE DISTRIBUTORS LLC/FI 8.62500 10/15/2026 US 110,000 $117,150.00
49427F108 KILROY REALTY CORP US KRC 4,333 $254,347.10
494368103 KIMBERLY CLARK CORP US KMB 598 $84,527.30
494550AW6 KINDER MORGAN ENER PART 6.95000 01/15/2038 US 1,650,000 $2,211,265.83
501044101 KROGER CO US KR 1,734 $58,695.90
50187TAE6 LGI HOMES INC 6.87500 07/15/2026 US 150,000 $152,625.00
505742AG1 LADDER CAP FIN LLLP/CORP 5.25000 10/01/2025 US 155,000 $133,641.00
5107401 BEIERSDORF AG DE BEI GR 2,625 $298,498.50
512816109 LAMAR ADVERTISING CO-A US LAMR 1,235 $82,448.60
516806AG1 LAREDO PETROLEUM INC 10.12500 01/15/2028 US 75,000 $51,750.00
53223X107 LIFE STORAGE INC US LSI 740 $70,263.00
532457108 ELI LILLY & CO US LLY 857 $140,702.26
539473AE8 LLOYDS BANK PLC 12.00000 12/16/2024 GB 100,000 $115,380.00
539830109 LOCKHEED MARTIN CORP US LMT 415 $151,441.80
54238XAC2 LONESTAR RESOURCES AMERICA 11.25000 01/01/2023 US 165,000 $15,675.00
550021109 LULULEMON - ADR CA LULU 9,299 $2,901,380.99
552697AQ7 MDC PARTNERS INC 6.50000 05/01/2024 CA 110,000 $102,300.00
56585A102 MARATHON PETROLEUM CORP US MPC 1,455 $54,387.90
573284106 MARTIN MARIETTA MATERIALS US MLM 6,185 $1,277,635.45
57636Q104 MASTERCARD INC-CLASS A US MA 37,200 $11,000,040.00
58933Y105 MERCK & CO INC US MRK 3,049 $235,779.17
59001KAG5 MERITOR INC 6.25000 06/01/2025 US 100,000 $101,000.00
594918104 MICROSOFT CORP US MSFT 28,770 $5,854,982.70
595112103 MICRON TECHNOLOGY INC US MU 150,000 $7,728,000.00
59522J103 MID-AMERICA APARTMENT COMM US MAA 2,070 $237,366.90
609207105 MONDELEZ INTERNATIONAL INC US MDLZ 94,440 $4,828,717.20
615369105 MOODY'S CORPORATION US MCO 8,220 $2,258,280.60
61965RAA3 MOSS CREEK RESOURCES HLD 7.50000 01/15/2026 US 105,000 $52,500.00
62426EAA3 MOUNTAIN PROVINCE DIAMON 8.00000 12/15/2022 CA 50,000 $27,750.00
6253983 ARISTOCRAT LEISURE LTD AU ALL AU 5,410 $96,873.90
62913TAJ1 NGL ENRGY PART LP/FIN CO 7.50000 11/01/2023 US 100,000 $83,000.00
6321954 TRAVELSKY TECHNOLOGY LTD-H CN 696 HK 162,000 $286,826.70
63938CAH1 NAVIENT CORP 6.75000 06/25/2025 US 140,000 $133,525.00
63938NAF1 NAVIOS SA LOGIST/FIN US 10.75000 07/01/2025 MH 60,000 $61,950.00
64033QAB5 NSLT 2015-2A A2 0.78450 09/25/2047 US 2,185,739.76 $2,100,105.97
64110D104 NETAPP INC US NTAP 600 $26,622.00
64829DAG1 NRZT 2014-3A AFX3 3.75000 11/25/2054 US 281,032.74 $299,953.97
64829EAA2 NRZT 2015-2A A1 3.75000 08/25/2055 US 427,374.32 $458,291.60
64829LAA6 NRZT 2016-4A A1 3.75000 11/25/2056 US 455,542.54 $484,158.31
655844108 NORFOLK SOUTHN CORP US NSC 352 $61,800.64
6642321 NIKON CORP JP 7731 JP 305,700 $2,567,367.84
66727WAA0 NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 CA 490,000 $5,022.50
66987V109 NOVARTIS AG- REG CH NVS 90,430 $7,898,156.20
670346105 NUCOR CORP US NUE 856 $35,446.96
67401PAB4 OAKTREE SPECIALTY LEND 3.50000 02/25/2025 US 90,000 $87,927.92
6742340 SHANDONG WEIGAO CN 1066 HK 264,000 $589,472.20
674599EA9 OCCIDENTAL PETROLEUM COR 8.87500 07/15/2030 US 60,000 $59,925.00
675232AB8 OCEANEERING INTL INC 6.00000 02/01/2028 US 145,000 $101,500.00
6821506 SONY CORP FIRST SECTION JP 6758 JP 2,900 $200,187.52
68389X105 ORACLE CORP US ORCL 2,644 $146,133.88
69144AAA7 OXFIN 2020-1A A2 3.10100 02/15/2028 US 1,010,000 $1,025,357.25
69318FAH1 PBF HOLDING CO LLC 6.00000 02/15/2028 US 85,000 $70,550.00
69327RAJ0 PDC ENERGY INC 5.75000 05/15/2026 US 95,000 $86,450.00
693456AW5 PMTLT 2013-J1 a9 3.50000 09/25/2043 US 880,192.89 $927,232.42
693475105 PNC FINANCIAL SERVICES GROUP US PNC 548 $57,655.08
693506107 PPG INDUSTRIES INC US PPG 405 $42,954.30
701094104 PARKER HANNIFIN CORP US PH 247 $45,267.69
7021963 DEUTSCHE BOERSE AG DE DB1 GR 2,850 $515,781.32
70450Y103 PAYPAL HOLDINGS INC US PYPL 31,100 $5,418,553.00
7123870 NESTLE SA-REGISTERED CH NESN SW 50,726 $5,624,023.34
713448108 PEPSICO INC US PEP 17,610 $2,329,098.60
717081103 PFIZER INC US PFE 6,813 $222,785.10
719245AD4 PHOTO HOLDINGS MERGER SU 8.50000 10/01/2026 US 130,000 $122,687.50
71943U104 PHYSICIANS REALTY TRUST US DOC 5,230 $91,629.60
71953LAA9 PICASSO FINANCE SUB INC 6.12500 06/15/2025 US 145,000 $148,262.50
723787107 PIONEER NATURAL RESOURCES CO US PXD 40,420 $3,949,034.00
73179PAM8 POLYONE CORP 5.75000 05/15/2025 US 90,000 $92,587.50
733174AK2 POPULAR INC 6.12500 09/14/2023 PR 90,000 $90,900.00
741503AZ9 BOOKING HOLDINGS INC 3.60000 06/01/2026 US 3,250,000 $3,566,612.66
74166MAE6 PRIME SECSRVC BRW/FINANC 6.25000 01/15/2028 US 160,000 $150,800.00
74331AAA0 2019- SFR4 CLASS A 2.68700 10/17/2036 US 1,200,000 $1,241,172.12
74333NAA0 PROGRESS RESIDENTIAL TRUST 3.14700 05/17/2036 US 919,412.5 $948,646.97
74340W103 PROLOGIS US PLD 9,679 $903,341.07
74460D109 PUBLIC STORAGE INC US PSA 1,645 $315,659.05
747525103 QUALCOMM INC US QCOM 1,242 $113,282.82
74834L100 QUEST DIAGNOSTICS INC US DGX 361 $41,139.56
750236AW1 RADIAN GROUP INC 4.87500 03/15/2027 US 220,000 $206,800.00
75513E101 RAYTHEON TECHNOLOGIES CORP US RTX 2,098 $129,278.76
756109104 REALTY INCOME CORP US O 1,775 $105,612.50
758849103 REGENCY CENTERS CORP US REG 1,950 $89,485.50
7591EP100 REGIONS FINANCIAL CORP. US RF 2,422 $26,932.64
76131D103 RESTAURANT BRANDS INTERN CA QSR 7,330 $400,437.90
76169C100 REXFORD INDUSTRIAL REALITY IN US REXR 5,635 $233,458.05
7698356 GETINGE AB-B SHS SE GETIB SS 17,455 $325,262.99
773903109 ROCKWELL AUTOMATION INC US ROK 251 $53,463.00
780259107 ROYAL DUTCH SHELL PLC-ADR B NL RDS/B 40,540 $1,234,443.00
783513203 RYANAIR HOLDINGS - ADR IE RYAAY 59,841 $3,969,851.94
78409V104 S&P GLOBAL INC US SPGI 5,905 $1,945,579.40
78410G104 SBA COMMUNICATIONS CORP US SBAC 10,830 $3,226,473.60
78442PGC4 SLM CORP 5.12500 04/05/2022 US 165,000 $163,350.00
78490DAA2 SOFI 2018-C A1FX 3.08000 01/25/2048 US 494,629.7 $498,172.98
785592AV8 SABINE PASS LIQUEFACTION 5.87500 06/30/2026 US 2,370,000 $2,784,750.00
79466L302 SALESFORCE.COM US CRM 23,115 $4,330,132.95
806857108 SCHLUMBERGER LTD NL SLB 96,496 $1,774,561.44
808625AA5 SCIENCE APPLICATIONS INT 4.87500 04/01/2028 US 100,000 $99,406.00
81141R100 SEA LTD - ADR SG SE 3,330 $357,109.20
81745BAB1 SEMT 2013-6 A2 3.00000 05/25/2043 US 1,389,861.36 $1,453,529.66
81745CAB9 SEMT 2013-7 A2 3.00000 06/25/2043 US 348,128.23 $361,096.29
81745EAA7 SEMT 2013-8 A1 3.00000 06/25/2043 US 352,059.41 $367,473.77
81745MAA9 SEMT 2013-2 1.87400 02/25/2043 US 301,740.31 $303,955.26
81762P102 SERVICENOW INC US NOW 8,090 $3,276,935.40
83088M102 SKYWORKS SOLUTIONS INC US SWKS 320 $40,915.20
832696405 JM SMUCKER CO/THE-NEW COM WI US SJM 320 $33,859.20
83401BAB2 SOFI 2017-F A2FX 2.84000 01/25/2041 US 285,481.48 $291,812.60
83404RAB4 SOFI 2018-B A2FX MTGE 3.34000 08/25/2047 US 1,060,000 $1,095,968.13
83405TAA1 SCLP 2019-3 A MTGE 2.90000 05/25/2028 US 687,569.92 $697,112.02
83406CAA7 SCLP 2019-2 A MTGE 3.01000 04/25/2028 US 512,432.29 $519,156.02
83406EAB1 SOFI 2018-A A2A 2.39000 02/25/2042 US 101,682.82 $101,903.93
83406TAB8 SOFI 2020-A A2FX MTGE 2.54000 05/15/2046 US 880,000 $911,898.50
844741BJ6 SOUTHWEST AIRLINES CO 5.25000 05/04/2025 US 1,710,000 $1,805,159.65
85172FAN9 SPRINGLEAF FINANCE CORP 7.12500 03/15/2026 US 160,000 $165,598.40
85207UAH8 SPRINT CORP 7.12500 06/15/2024 US 115,000 $129,851.10
85254J102 STAG INDUSTRIAL INC US STAG 3,735 $109,510.20
854502101 STANLEY WORKS/THE US SWK 303 $42,232.14
85571BAL9 STARWOOD PROPERTY TRUST 4.75000 03/15/2025 US 160,000 $145,600.00
85571BAP0 STARWOOD PROPERTY TRUST 3.62500 02/01/2021 US 75,000 $73,687.50
85571XAA5 SRPT 2014-STAR A FLTG RATE 1.65475 11/15/2027 US 971,430.41 $742,103.08
862121100 STORE CAPITAL CORP US STOR 3,390 $80,715.90
866674104 SUN COMMUNITIES US SUI 3,135 $425,356.80
867892101 SUNSTONE HOTEL INVESTORS INC US SHO 6,370 $51,915.50
87105L104 SWITCH INC - A US SWCH 5,785 $103,088.70
871829107 SYSCO CORP US SYY 957 $52,309.62
872540AR0 TJX COS INC 3.50000 04/15/2025 US 1,130,000 $1,257,861.29
87422VAJ7 TALEN ENERGY SUPPLY LLC 7.62500 06/01/2028 US 145,000 $145,000.00
87677QAA9 TXEZ 2016-1A 3.13100 06/15/2028 US 110,852.31 $111,131.81
87854WAA1 TECHNIPLAS LLC 10.00000 05/01/2020 US 65,000 $14,462.50
88032WAN6 TENCENT HOLDINGS 3.97500 04/11/2029 KY 1,910,000 $2,140,833.55
88146M101 TERRENO REALTY CORP US TRNO 1,735 $91,330.40
882508104 TEXAS INSTRUMENTS INC US TXN 1,325 $168,235.25
883556102 THERMO FISHER SCIENTIFIC INC US TMO 7,150 $2,590,731.00
88579Y101 3M CO US MMM 857 $133,683.43
89151E109 TOTAL S A SPONSORED ADR FR TOT 67,905 $2,611,626.30
89173CAA5 TPMT 2016-5 A1 2.50000 10/25/2056 US 698,672.45 $710,618.63
89173FAA8 TPMT 2017-1 A1 2.75000 10/25/2056 US 938,274.83 $960,052.38
89177EAA7 TPMT 2019-HY1 A1 1.18450 10/25/2048 US 838,879.02 $834,939.56
892231AA9 TOWNSQUARE MEDIA INC 6.50000 04/01/2023 US 150,000 $129,000.00
89417E109 TRAVELLERS COS INC US TRV 461 $52,577.05
89613BAA5 TAH 2016-SFR1 A 2.58900 11/17/2033 US 836,921.19 $840,538.61
89613FAA6 TAH 2017-SFR2 A 2.92800 01/17/2036 US 995,562.4 $1,034,716.67
89832Q109 TRUIST FINANCIAL CORP US TFC 2,355 $88,430.25
901109AF5 TUTOR PERINI CORP 6.87500 05/01/2025 US 260,000 $247,650.00
902494103 TYSON FOODS INC -CL A US TSN 750 $44,782.50
902653104 UDR INC US UDR 3,278 $122,531.64
902973304 U.S. BANCORP US USB 2,455 $90,393.10
904767704 UNILEVER PLC - ADR GB UL 146,853 $8,059,292.64
907818108 UNION PAC CORP US UNP 948 $160,278.36
91086QBG2 UNITED MEXICAN STATES 4.12500 01/21/2026 MX 200,000 $216,002.00
912810FS2 TSY INFL IX N/B 2.00000 01/15/2026 US 6,756,009.4 $7,851,293.17
912810RX8 US TREASURY N/B 3.00000 05/15/2047 US 8,900,000 $12,131,117.23
9128286N5 TSY INFL IX N/B 0.50000 04/15/2024 US 5,199,806.7 $5,464,867.68
912828K74 US TREASURY N/B 2.00000 08/15/2025 US 11,265,000 $12,228,685.60
912828R36 US TREASURY N/B 1.62500 05/15/2026 US 11,975,000 $12,833,364.29
912828WJ5 US TREASURY N/B 2.50000 05/15/2024 US 18,950,000 $20,617,748.00
912828ZJ2 TSY INFL IX N/B 0.12500 04/15/2025 US 4,972,926 $5,209,681.74
91704F104 URBAN EDGE PROPERTIES US UE 7,945 $94,307.15
918204108 VF CORP US VFC 887 $54,053.78
91913Y100 VALERO ENERGY US VLO 862 $50,702.84
92343VDU5 VERIZON COMMUNICATIONS 5.25000 03/16/2037 US 2,720,000 $3,641,431.06
92826C839 VISA INC - CLASS A SHARES US V 59,730 $11,538,044.10
92826CAK8 VISA INC 2.70000 04/15/2040 US 2,050,000 $2,193,566.30
92840JAA7 VISTAJET MALTA/XO MGMT 10.50000 06/01/2024 MUL 105,000 $94,500.00
92840VAG7 VISTRA OPERATIONS CO LLC 3.70000 01/30/2027 US 100,000 $102,982.90
928668BE1 VOLKSWAGEN GROUP AMERICA 3.35000 05/13/2025 US 1,250,000 $1,334,044.80
929160109 VULCAN MATERIALS CO US VMC 21,920 $2,539,432.00
93065PAA9 WBHT 2019-WBM A FLT 1.23475 12/15/2033 US 1,200,000 $1,121,848.56
931142103 WAL MART STORES US WMT 2,545 $304,840.10
94106L109 WASTE MANAGEMENT INC US WM 783 $82,927.53
949746101 WELLS FARGO COMPANY US WFC 5,244 $134,246.40
94987MAB7 WELLS FARGO COMMERCIAL MORTGAGE 4.39300 11/15/2043 US 138,699.12 $139,006.74
95040Q104 WELLTOWER INC. US WELL 4,411 $228,269.25
95081QAP9 WESCO DISTRIBUTION INC 7.25000 06/15/2028 US 100,000 $105,750.00
962178AN9 TRI POINTE GROUP / HOMES 5.87500 06/15/2024 US 150,000 $154,051.50
966387AH5 WHITING PETROLEUM CORP 5.75000 03/15/2021 US 525,000 $101,062.50
96949LAD7 WILLIAMS PARTNERS LP 3.75000 06/15/2027 US 1,720,000 $1,841,455.72
97651JAE6 WINWATER MORTGAGE LOAN TRUST 3.50000 03/20/2045 US 61,357.74 $61,460.97
97652TAA1 WIN 2015-1 A1 3.50000 01/20/2045 US 284,826.37 $293,265.75
98212BAM5 WPX ENERGY 5.87500 06/15/2028 US 50,000 $48,047.50
98311A105 WYNDHAM HOTELS & RESORTS INC US WH 4,370 $186,249.40
983919101 XILINX INC US XLNX 438 $43,094.82
B02J639 ADMIRAL GROUP PLC GB ADM LN 22,295 $632,260.94
B1KFX13 GRUPO AEROPORTUARIO DEL CENT MX OMAB MM 26,800 $124,564.12
B1Y47Y7 GERRESHEIMER AG DE GXI GR 4,715 $435,736.87
B1Y9TB3 DANONE FR BN FP 6,753 $468,745.02
B3QJ0H8 TOURMALINE OIL CORP CA TOU CN 38,915 $340,248.27
B3ZD2V9 MEX BONOS DESARR FIX RT 6.50000 06/10/2021 MX 3,112,000 $137,564.63
B4888C1 CANADIAN GOVERNMENT FLT 2.75000 06/01/2022 CA 358,000 $276,200.06
B4NDCC9 MEX BONOS DESARR FIX RT 6.50000 06/09/2022 MX 5,057,000 $227,458.84
B4YVF56 BRENNTAG AG DE BNR GR 5,485 $290,813.87
B63QM77 NEXON CO LTD JP 3659 JP 404,600 $9,126,331.43
B6TC406 MEX BONOS DESARR FIX RT 7.75000 05/29/2031 MX 972,000 $47,789.10
BBG00V0BGWX2 EOG US 07/02/20 P46 US -375 -$1,875.00
BBG00V0C53Z4 EXPE US 07/02/20 P76.5 US -227 -$9,080.00
BBQ3850 KEYWORDS STUDIOS PLC IE KWS LN 4,956 $111,274.19
BGHQ198 HIBERNIA REIT PLC IE HBRN ID 76,270 $96,290.96
BH8295835 SAUDI INTERNATIONAL BOND 2.90000 10/22/2025 SA 200,000 $212,080.00
BJ2KSG2 AKZO NOBEL NL AKZA NA 3,620 $325,221.54
BJVB695 BUONI POLIENNALI DEL TES 2.45000 09/01/2050 IT 920,000 $1,085,237.82
BK0939417 AMERICAN TANKER INC 7.75000 07/02/2025 US 200,000 $200,000.00
BMMV2K8 TENCENT HOLDINGS LTD CN 700 HK 103,645 $6,641,355.30
BMTRW10 B&M EUROPEAN VALUE RETAIL SA GB BME LN 59,420 $292,488.37
BNGN9Z1 FINECOBANK SPA IT FBK IM 51,270 $693,888.48
BP9DL90 INDUSTRIA DE DISENO TEXTIL ES ITX SM 12,595 $334,187.33
BVYVFW2 AUTO TRADER GROUP PLC GB AUTO LN 31,020 $201,962.98
BYYHL23 ANHEUSER-BUSCH INBEV SA/NV BE ABI BB 61,259 $3,019,836.28
BZ0VW78 BINGO INDUSTRIES LTD AU BIN AU 115,050 $172,517.20
BZ1HM42 ADYEN NV NL ADYEN NA 110 $160,103.59
G0772R208 BANK OF N.T. BUTTERFIELD&SON BM NTB 7,465 $182,071.35
G1151C101 ACCENTURE PLC - CL A IE ACN 2,330 $500,297.60
G29183103 EATON CORP PLC US ETN 835 $73,045.80
G51502105 JOHNSON CONTROLS INTERNATIONAL US JCI 1,833 $62,578.62
G5494J103 LINDE PLC GB LIN 551 $116,872.61
G5960L103 MEDTRONIC INC IE MDT 35,448 $3,250,581.60
G85158106 STONECO LTD-A BR STNE 4,490 $174,032.40
G8994E103 TRANE TECHNOLOGIES IE TT 417 $37,104.66
G97822103 PERRIGO CO PLC IE PRGO 5,830 $322,224.10
H01301128 ALCON INC CH ALC 53,771 $3,082,153.72
H1467J104 CHUBB LTD CH CB 682 $86,354.84
H2906T109 GARMIN LTD CH GRMN 359 $35,002.50
N53745100 LYONDELLBASELL INDU-CL A US LYB 830 $54,547.60

Investments will change over time.

Distributions

  • Pro-Blend® Extended Term Series Class I Distribution History
  • 2020 Distribution Calendar
  • Fourth Quarter 2019 Distributions
  • Third Quarter 2019 Distributions
  • Second Quarter 2020 Distributions
  • First Quarter 2020 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.

Daily Price

$9.13

Daily $ Change

-$0.04

Daily % Change

-0.44%

as of 07/09/2020

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

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 securities 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 06/30/2020

YTD

4.37%

1 Year

10.91%

3 Year

8.01%

5 Year

6.35%

10 Year

8.15%

Inception
(10/12/1993)

8.24%

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

6.90%

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 0.86%
Net 0.85%*

*Reflects the Advisor’s contractual agreement to limit its fees and reimburse certain expenses. The contractual waiver may not be amended or terminated without the prior approval of the Fund's Board of Directors.

Top Ten Investments

As of 06/30/2020

TREASURY NOTES 8.87%
GOVERNMENT AGENCY 5.30%
TREASURY BONDS 2.36%
VISA INC - CLASS A SHARES 2.24%
MASTERCARD INC-CLASS A 2.14%
NEXON CO LTD 1.77%
EXPEDIA INC 1.69%
AMAZON.COM INC 1.64%
UNILEVER PLC - ADR 1.56%
NOVARTIS AG- REG 1.53%

This investment list is unaudited and excludes cash.

Asset Allocation

As of 06/30/2020

Stocks
57.24%
Bonds
41.55%
Cash
1.21%

Detailed Asset Class Allocation

As of 06/30/2020

International Equities
16.19%
Small Capitalization
0.93%
Mid Capitalization
3.74%
Large Capitalization
36.38%
Long Term Fixed Income
12.51%
Intermediate Term Fixed Income
27.45%
Short Term Fixed Income
1.59%
Cash
1.21%

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

June Fund Holdings

As of 06/30/2020

CUSIP Security Description Country Ticker Shares/Par Market Value (USD)
00206RDQ2 AT&T INC 4.25000 03/01/2027 US 770,000 $877,139.15
00287Y109 ABBVIE INC US ABBV 2,126 $208,730.68
00507V109 ACTIVISION INC US ATVI 72,790 $5,524,761.00
00774MAG0 AERCAP IRELAND CAP / GLOBA 4.45000 10/01/2025 IE 2,380,000 $2,286,688.51
00791GAA5 AG MERGER SUB II INC 10.75000 08/01/2027 US 55,000 $53,900.00
008492100 AGREE REALTY CORP US ADC 2,443 $160,529.53
00912XAV6 AIR LEASE CORP 3.62500 04/01/2027 US 1,050,000 $1,029,839.06
00914AAB8 AIR LEASE CORP 3.75000 06/01/2026 US 740,000 $746,764.88
01166WAA5 ALASKA AIR 2020-1 CL B 8.00000 08/15/2025 US 100,000 $101,250.00
013822AC5 ALCOA NEDERLAND HOLDING 6.12500 05/15/2028 NL 140,000 $143,413.20
015271109 ALEXANDRIA REAL EST EQUITIES US ARE 870 $141,157.50
01609W102 ALIBABA GROUP - ADR CN BABA 26,545 $5,725,756.50
01609WAT9 ALIBABA GROUP HOLDING 3.40000 12/06/2027 KY 2,750,000 $3,055,132.27
020002101 ALLSTATE CORPORATION US ALL 571 $55,381.29
02079K305 ALPHABET INC-CL A US GOOGL 3,595 $5,097,889.75
023135106 AMAZON.COM INC US AMZN 3,070 $8,469,577.40
02319V103 AMBEV SA-ADR BR ABEV 59,713 $157,642.32
0237400 DIAGEO PLC GB DGE LN 85,161 $2,830,516.89
02406PBA7 AMERICAN AXLE & MFG INC 6.87500 07/01/2028 US 100,000 $99,000.00
024835100 AMERICAN CAMPUS COMMUNITIES US ACC 6,748 $235,910.08
02665T306 AMERICAN HOMES 4 RENT- A US AMH 8,560 $230,264.00
03027X100 AMERICAN TOWER REIT INC US AMT 12,830 $3,317,068.20
03027XAW0 AMERICAN TOWER CORP 3.80000 08/15/2029 US 2,170,000 $2,455,951.66
03063NAA5 AMERICOLD LLC TRUST 3.84730 01/14/2029 US 22,960.69 $22,980.07
03064D108 AMERICOLD REALTY TRUST US COLD 7,965 $289,129.50
032654105 ANALOG DEVICES INC US ADI 536 $65,735.04
03690AAD8 ANTERO MIDSTREAM PART / FI 5.75000 03/01/2027 US 170,000 $134,300.00
03690AAF3 ANTERO MIDSTREAM PART/FI 5.75000 01/15/2028 US 155,000 $122,450.00
03748R754 APARTMENT INVT & MGMT CO -A US AIV 4,491 $169,041.24
039483102 ARCHER-DANIELS-MIDLAND CO US ADM 1,159 $46,244.10
053015103 AUTOMATIC DATA PROCESSING US ADP 513 $76,380.57
053484101 AVALONBAY COMMUNITIES INC US AVB 2,140 $330,929.60
05401AAJ0 AVOLON HOLDINGS FNDG LTD 3.25000 02/15/2027 KY 1,090,000 $880,421.30
055622104 BP PLC-SPONS ADR GB BP 4,035 $94,096.20
05604LAA0 BWAY 2015-1740 A 2.91700 01/10/2035 US 2,411,000 $2,459,019.65
05722G100 BAKER HUGHES CO US BKR 2,403 $36,982.17
060505104 BANK OF AMERICA CORP US BAC 8,506 $202,017.50
06051GFM6 BANK OF AMERICA CORP 4.00000 01/22/2025 US 1,190,000 $1,314,182.50
084670702 BERKSHIRE HATHAWAY INC-CL B US BRK/B 26,140 $4,666,251.40
086516101 BEST BUY INC US BBY 644 $56,201.88
09061G101 BIOMARIN PHARMACEUTICAL INC US BMRN 36,580 $4,511,777.20
0946580 WEIR GROUP PLC/THE GB WEIR LN 18,790 $246,923.54
09857L108 BOOKING HOLDINGS INC US BKNG 1,615 $2,571,629.10
101121101 BOSTON PROPERTIES INC US BXP 766 $69,231.08
105368203 BRANDYWINE REALTY TRUST US BDN 12,455 $135,634.95
110122108 BRISTOL MYERS SQUIBB CO US BMY 2,933 $172,460.40
11680JAA0 BRUIN E&P PARTNERS LLC 8.87500 08/01/2023 US 510,000 $10,200.00
12503M108 CBOE GLOBAL MARKETS INC US CBOE 39,790 $3,711,611.20
12541W209 C.H. ROBINSON WORLDWIDE INC US CHRW 434 $34,312.04
12555DAA3 CIM 2019-INV1 A1 3.84515 02/25/2049 US 347,464.4 $357,424.81
12572Q105 CME GROUP INC US CME 15,520 $2,522,620.80
12646XAH5 CSMC 2013-IVR3 A1 2.50000 05/25/2043 US 412,253.13 $425,559.55
12653CAC2 CNX RESOURCES CORP 7.25000 03/14/2027 US 55,000 $50,600.00
12654TAA8 CNX MIDSTREAM PTR/CNX 6.50000 03/15/2026 US 45,000 $41,400.00
127097103 CABOT OIL & GAS CORP US COG 408,260 $7,013,906.80
131477AT8 CALUMET SPECIALTY PROD 11.00000 04/15/2025 US 75,000 $72,375.00
133131102 CAMDEN PROPERTY TRUST US CPT 3,575 $326,111.50
13321L108 CAMECO CORP CA CCJ 36,616 $375,314.00
14180LAA4 CARGO AIRCRAFT MANAGEMENT 4.75000 02/01/2028 US 130,000 $128,862.50
143905AN7 CARRIAGE SERVICES INC 6.62500 06/01/2026 US 85,000 $89,356.25
149123101 CATERPILLAR INC US CAT 888 $112,332.00
14980AAA0 CAZENOVIA CREEK FUNDING LLC 3.56070 07/15/2030 US 487,232.22 $482,904.53
15135UAF6 CENOVUS ENERGY INC 6.75000 11/15/2039 CA 100,000 $97,366.28
16119P108 CHARTER COMMUNICATIONS INC-A US CHTR 9,505 $4,847,930.20
16411QAD3 CHENIERE ENERGY PARTNERS 5.62500 10/01/2026 US 155,000 $154,225.00
165183AL8 CFII 2017-2A A1 1.99000 05/15/2029 US 1,235,940.77 $1,241,373.97
165183BB9 CFII 2017-4A A1 2.12000 11/15/2029 US 494,522.9 $497,932.49
166764100 CHEVRON CORP US CVX 10,925 $974,837.75
172062101 CINCINNATI FINANCIAL CORP US CINF 318 $20,361.54
17275R102 CISCO SYSTEMS INC US CSCO 4,921 $229,515.44
172967424 CITIGROUP INC US C 2,556 $130,611.60
172967KA8 CITIGROUP INCA 4.45000 09/29/2027 US 1,900,000 $2,169,167.79
191216100 COCA COLA CO/THE US KO 137,530 $6,144,840.40
194162103 COLGATE-PALMOLIVE CO US CL 1,572 $115,164.72
20030N101 COMCAST CORP-CL A US CMCSA 3,874 $151,008.52
20030NCY5 COMCAST CORP 3.25000 11/01/2039 US 1,910,000 $2,118,748.89
20268CAA6 CBSLT 2019-AGS A1 MTGE 2.54000 01/25/2047 US 1,471,131.19 $1,527,721.05
20369C106 COMMUNITY HEALTHCARE TRUST I US CHCT 3,960 $161,964.00
20451NAG6 COMPASS MINERALS INTERNA 6.75000 12/01/2027 US 80,000 $84,000.00
205887102 CONAGRA BRAND INC. US CAG 1,232 $43,329.44
20605P101 CONCHO RESOURCES INC US CXO 65,295 $3,362,692.50
20825C104 CONOCOPHILLIPS US COP 48,246 $2,027,296.92
21036P108 CONSTELLATION BRANDS INC-A US STZ 283 $49,510.85
217204106 COPART INC US CPRT 29,160 $2,428,153.20
21870Q105 CORESITE REALTY CORP US COR 680 $82,320.80
222795502 COUSINS PROPERTIES INC US CUZ 9,562 $285,234.46
22822V101 CROWN CASTLE INTL CORP US CCI 1,970 $329,679.50
22822VAN1 CROWN CASTLE INTL CORP 3.10000 11/15/2029 US 1,000,000 $1,071,988.65
22944PAA5 CSMC 2013-TH1 A1 2.13000 02/25/2043 US 370,990.7 $380,169.12
231021106 CUMMINS INC US CMI 350 $60,641.00
247361ZZ4 DELTA AIR LINES INC 7.37500 01/15/2026 US 155,000 $149,946.71
253868103 DIGITAL REALTY TRUST INC US DLR 3,201 $454,894.11
254687FW1 WALT DISNEY COMPANY/THE 2.20000 01/13/2028 US 810,000 $845,664.28
25470DAT6 DISCOVERY COMMUNICATIONS 5.20000 09/20/2047 US 2,230,000 $2,594,426.31
256746108 DOLLAR TREE STORES INC US DLTR 30,720 $2,847,129.60
25746UDG1 DOMINION ENERGY 3.37500 04/01/2030 US 1,130,000 $1,247,328.44
25787GAC4 DONNELLEY FINANCIAL SOL 8.25000 10/15/2024 US 175,000 $172,390.75
25960P109 DOUGLAS EMMETT INC US DEI 6,260 $191,931.60
260003108 DOVER CORP US DOV 286 $27,616.16
26151AAA7 DRAX FINCO PLC 6.62500 11/01/2025 GB 245,000 $251,125.00
262006208 DREYFUS GVT CSH MANAGEMENT US 6,321,192.07 $6,321,192.07
26439XAC7 DCP MIDSTREAM OPERATING 8.12500 08/16/2030 US 50,000 $52,500.00
264411505 DUKE RLTY INVTS INC US DRE 6,546 $231,662.94
26875P101 EOG RESOURCES INC US EOG 60,516 $3,065,740.56
26884L109 EQT CORP US EQT 232,650 $2,768,535.00
26884LAG4 EQT CORP 7.00000 02/01/2030 US 100,000 $103,003.00
2715777 QUEBECOR INC -CL B CA QBR/B CN 18,340 $394,061.43
277276101 EASTGROUP PROPERTIES US EGP 788 $93,464.68
285512109 ELECTRONIC ARTS US EA 32,680 $4,315,394.00
2866857 LUNDIN MINING CORP CA LUN CN 39,700 $212,887.45
291011104 EMERSON ELEC CO US EMR 1,300 $80,639.00
29273RAR0 ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 US 2,140,000 $2,318,125.81
29444U700 EQUINIX INC US EQIX 7,748 $5,441,420.40
29472R108 EQUITY LIFESTYLE PROPERTIES US ELS 4,640 $289,907.20
29476L107 EQUITY RESIDENTIAL US EQR 3,000 $176,460.00
297178105 ESSEX PROPERTY TRUST INC US ESS 467 $107,022.39
30212P303 EXPEDIA INC US EXPE 105,690 $8,687,718.00
30212PAS4 EXPEDIA GROUP INC 6.25000 05/01/2025 US 970,000 $1,033,314.97
302154BV0 EXPORT-IMPORT BANK KOREA 2.62500 12/30/2020 KR 4,625,000 $4,663,202.50
30225T102 EXTRA SPACE STORAGE INC US EXR 840 $77,590.80
30231G102 EXXON MOBIL CORP US XOM 45,430 $2,031,629.60
302491303 FMC CORP US FMC 29,070 $2,895,953.40
30264DAA7 FS ENERGY & POWER FUND 7.50000 08/15/2023 US 85,000 $72,462.50
30287EAE0 FREMF 2014-K41 B FLT 3.96333 11/25/2047 US 1,315,000 $1,413,027.46
30291HAA5 FREMF 2013-K28 X2A 0.10000 06/25/2046 US 74,526,929.91 $151,341.84
30291XAE2 FREMF 2014-K715 B FLT 4.12096 02/25/2046 US 1,279,000 $1,292,043.50
30303M102 FACEBOOK INC -A US FB 22,610 $5,134,052.70
311900104 FASTENAL CO US FAST 1,416 $60,661.44
3128M5VT4 FHLM POOL G03926 6.00000 02/01/2038 US 88,072.79 $102,641.09
3128M6NC8 FHLM POOL G04587 5.50000 08/01/2038 US 376,620.32 $431,228.58
3128M6NS3 FHLM POOL G04601 5.50000 07/01/2038 US 383,176.65 $438,235.14
3128M6SU3 FHLM POOL G04731 5.50000 04/01/2038 US 143,103.96 $164,236.71
3128M73P9 FHLM POOL G05906 6.00000 04/01/2040 US 92,214.31 $106,689.62
3128MB4Q7 FHLM POOL G13331 5.50000 10/01/2023 US 3,608.43 $3,755.73
3128MBDP9 FHLM POOL G12610 6.00000 03/01/2022 US 6,930.19 $7,082.03
3128MBE45 FHLM POOL G12655 6.00000 05/01/2022 US 4,888.4 $5,017.41
3128MBRH2 FHLM POOL G12988 6.00000 01/01/2023 US 4,703.84 $4,885.14
3128MBUB1 FHLM POOL G13078 6.00000 03/01/2023 US 7,306.59 $7,555.96
3128MJJT8 FHLM POOL G08273 5.50000 06/01/2038 US 181,572.11 $208,010.69
3128P75X7 FHLM POOL C91762 4.50000 05/01/2034 US 353,803.33 $387,941.88
3128P76G3 FHLM POOL C91771 4.50000 06/01/2034 US 283,405.92 $310,758.33
3128P76R9 FHLM POOL C91780 4.50000 07/01/2034 US 389,936.72 $427,567.17
3132QQFU1 FHLM POOL Q33778 4.00000 06/01/2045 US 530,889.75 $575,329.17
31335AFY9 FHLM POOL G60183 4.00000 12/01/2044 US 367,819.23 $396,589.23
3133A6DB4 FEDERAL NATL MTG ASSN FR QB0098 2.50000 06/01/2050 US 2,395,763.3 $2,497,823.56
3136AY6W8 FNA 2017-M15 A1 FLT 3.05797 09/25/2027 US 1,276,817.02 $1,391,321.97
3136B1YD0 FNR 2018-31 KP 3.50000 07/25/2047 US 596,631.87 $618,916.25
3137A2B34 FHMS K009 X1 FLT 1.35336 08/25/2020 US 2,300,216.38 $471.08
3137ADTK3 FHMS K014 X1 FLT 1.32363 04/25/2021 US 8,715,400.82 $53,147.39
3137AJMG6 FMHS K016 X1 FLT 1.63485 10/25/2021 US 3,539,459.62 $54,413.88
3137AME78 FHMS K017 X1 FLT 1.43323 12/25/2021 US 14,569,539 $194,515.00
3137AUPF0 FHMS K021 x1 FLT 1.54788 06/25/2022 US 10,468,029.9 $230,556.26
3137B3NB0 FHMS K030 X1 FLT 0.28853 04/25/2023 US 41,937,755.71 $186,878.83
3137B4GZ3 FHMS K032 X1 FLT 0.20687 05/25/2023 US 26,968,194.48 $84,256.73
3137F4YU0 FHR 4791 BA MTGE 4.00000 03/15/2044 US 610,373.97 $623,384.70
3137FG2L8 FHR 4801 BA MTGE 4.50000 05/15/2044 US 410,856.3 $417,654.12
3138AJXA5 FEDERAL NATL MTG ASSN A15172 4.00000 08/01/2041 US 472,268.56 $518,448.08
3138EGE26 FEDERAL NATL MTG ASSN AL0152 6.00000 06/01/2040 US 418,843.09 $488,944.35
3138EGHT4 FEDERAL NATL MTG ASSN AL0241 4.00000 04/01/2041 US 662,959.37 $728,233.71
3138EHR87 FEDERAL NATL MTG ASSN AL1410 4.50000 12/01/2041 US 826,408.48 $916,583.81
3138EHXZ0 FEDERAL NATL MTG ASSN AL1595 6.00000 01/01/2040 US 206,435.58 $240,983.64
3138EQST0 FEDERAL NATL MTG ASSN AL7729 4.00000 06/01/2043 US 512,957.76 $563,053.04
3138ETT89 FEDERAL NATL MTG ASSN AL8674 FLT 5.64500 01/01/2049 US 1,061,031.19 $1,242,760.92
3138WDRZ6 FEDERAL NATL MTG ASSN AS4103 4.50000 12/01/2044 US 521,087.67 $573,365.77
3138Y6Y81 FEDERAL NATL MTG ASSN AX5234 4.50000 11/01/2044 US 414,092.07 $454,204.50
3140E2GZ8 FEDERAL NATL MTG ASSN AZ9215 4.00000 10/01/2045 US 381,279.39 $419,294.39
3140F2QS2 FEDERAL NATL MTG ASSN BC6764 3.50000 04/01/2046 US 497,445.55 $530,133.46
3140FEX33 FEDERAL NATL MTG ASSN BD6997 4.00000 10/01/2046 US 551,230.4 $588,859.36
3140FTWF4 FEDERAL NATL MTG ASSN BE7845 4.50000 02/01/2047 US 381,778.82 $412,984.68
31410FSE6 FEDERAL NATL MTG ASSN 888017 6.00000 11/01/2021 US 4,108.45 $4,185.60
31410FV51 FEDERAL NATL MTG ASSN 888136 6.00000 12/01/2021 US 5,080.89 $5,185.64
31410GCD3 FEDERAL NATL MTG ASSN 888468 5.50000 09/01/2021 US 16,863.53 $17,046.82
31410GN33 FEDERAL NATL MTG ASSN 888810 5.50000 11/01/2022 US 18,661.76 $18,875.99
31410KJV7 FEDERAL NATL MTG ASSN 889576 6.00000 04/01/2038 US 213,477.96 $249,204.35
31410KJY1 FEDERAL NATL MTG ASSN 889579 6.00000 05/01/2038 US 172,841.04 $201,766.03
31411JXP6 FEDERAL NATL MTG ASSN 909786 5.50000 03/01/2037 US 80,337.73 $91,974.17
31415VXY6 FEDERAL NATL MTG ASSN 990895 5.50000 10/01/2023 US 12,039.16 $12,701.87
31416BRR1 FEDERAL NATL MTG ASSN 995196 6.00000 07/01/2038 US 10,619.51 $12,396.33
31416BSW9 FEDERAL NATL MTG ASSN 995233 5.50000 10/01/2021 US 270.19 $272.05
31416BVW5 FEDERAL NATL MTG ASSN 995329 5.50000 12/01/2021 US 14,492.81 $14,649.60
31417YJC2 FEDERAL NATL MTG ASSN MA0258 4.50000 12/01/2039 US 341,452.07 $379,542.10
31418BBC9 FEDERAL NATL MTG ASSN MA1834 4.50000 02/01/2034 US 462,638.7 $507,146.05
31418BDH6 FEDERAL NATL MTG ASSN MA1903 4.50000 05/01/2034 US 342,077.18 $374,989.43
31418CYJ7 FEDERAL NATL MTG ASSN FN MA3412 3.50000 07/01/2038 US 1,114,210.86 $1,176,767.16
31418CZ56 FEDERAL NATL MTG ASSN FN MA3463 4.00000 09/01/2033 US 982,739.4 $1,039,954.49
31418DNN8 FEDERAL NATL MTG ASSN FN MA3996 2.50000 04/01/2050 US 1,230,248.08 $1,268,203.24
31418DQ21 FEDERAL NATL MTG ASSN FN MA4072 2.50000 07/01/2040 US 1,145,000 $1,194,437.61
31418DQG0 FEDERAL NATL MTG ASSN FN MA4054 2.50000 06/01/2040 US 3,418,644.88 $3,566,245.93
31418DQZ8 FEDERAL NATL MTG ASSN FN MA4071 2.00000 07/01/2040 US 2,530,000 $2,597,988.08
31418MG63 FEDERAL NATL MTG ASSN AD0220 6.00000 10/01/2038 US 16,292.54 $19,008.26
31418MGR7 FEDERAL NATL MTG ASSN AD0207 6.00000 10/01/2038 US 425,727.73 $496,661.87
31418MKV3 FEDERAL NATL MTG ASSN AD0307 5.50000 01/01/2039 US 272,030.14 $312,431.69
31418MQQ8 FEDERAL NATL MTG ASSN AD0462 5.50000 10/01/2024 US 8,079.18 $8,532.48
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316773100 FIFTH THIRD BANCORP US FITB 1,623 $31,291.44
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345370CX6 FORD MOTOR COMPANY 9.62500 04/22/2030 US 270,000 $319,761.00
346232AE1 FORESTAR GROUP INC 5.00000 03/01/2028 US 160,000 $156,800.00
34960PAB7 FORTRESS TRANS & INFRAST 6.50000 10/01/2025 US 175,000 $157,536.75
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36257MAA3 GSMS 2019-70P A 1.18475 10/15/2036 US 1,225,000 $1,189,737.76
369550108 GENERAL DYNAMICS CORP US GD 473 $70,694.58
369604BQ5 GENERAL ELECTRIC CO 5.00000 01/21/2021 US 1,980,000 $1,546,538.40
370334104 GENERAL MLS INC US GIS 1,397 $86,125.05
37185LAL6 GENESIS ENERGY LP/FIN 7.75000 02/01/2028 US 75,000 $66,750.00
372460105 GENUINE PARTS CO US GPC 444 $38,610.24
374297109 GETTY REALTY CORP US GTY 4,235 $125,694.80
375558103 GILEAD SCIENCES INC US GILD 2,033 $156,419.02
38379RRX3 GNR 2017-54 AH MTGE 2.60000 12/16/2056 US 1,267,214.4 $1,323,761.31
384802104 WW GRAINGER INC US GWW 101 $31,730.16
388689101 GRAPHIC PACKAGING HOLDING CO US GPK 374,760 $5,242,892.40
400506101 GRUPO AEROPORTUARIO PAC-ADR MX PAC 1,695 $121,734.90
40051E202 GRUPO AEROPORTUARIO DEL SURESTE MX ASR 1,070 $120,150.30
4012250 AIRBUS SE FR AIR FP 2,370 $169,818.74
4031976 ADIDAS AG DE ADS GR 11,490 $3,029,344.74
404119BX6 HCA INC 4.12500 06/15/2029 US 1,540,000 $1,698,754.84
404139AD9 HC2 HOLDINGS INC 11.50000 12/01/2021 US 35,000 $33,337.50
416515104 HARTFORD FINL SVCS US HIG 833 $32,112.15
418751AB9 HAT HOLDINGS I LLC 6.00000 04/15/2025 US 150,000 $157,125.00
421946104 HEALTHCARE REALTY TRUST INC US HR 2,775 $81,279.75
42225P501 HEALTHCARE TRUST OF AMERICA US HTA 2,910 $77,173.20
42250P103 HEALTHPEAK PROPERTIES INC US PEAK 9,220 $254,103.20
427866108 HERSHEY CO/THE US HSY 436 $56,514.32
431571AB4 HILLENBRAND INC 4.50000 09/15/2026 US 155,000 $155,629.30
43300A203 HILTON WORLDWIDE HOLDINGS INC US HLT 1,785 $131,108.25
436106AA6 HOLLYFRONTIER CORP 5.87500 04/01/2026 US 145,000 $159,124.85
437076102 HOME DEPOT INC US HD 1,235 $309,379.85
438516106 HONEYWELL INTERNATIONAL INC US HON 998 $144,300.82
440452100 HORMEL FOODS CORP US HRL 847 $40,884.69
44107P104 HOST MARRIOTT CORP US HST 5,655 $61,017.45
443201AA6 HOWMET AEROSPACE INC 6.87500 05/01/2025 US 155,000 $168,153.45
444454AD4 HUGHES SATELLITE SYSTEMS 5.25000 08/01/2026 US 100,000 $103,420.00
450913AE8 IAMGOLD CORP 7.00000 04/15/2025 CA 185,000 $185,963.85
452308109 ILLINOIS TOOL WKS INC US ITW 572 $100,014.20
45337C102 INCYTE CORP US INCY 18,380 $1,910,968.60
45569LAA9 INDIGO NATURAL RES LLC 6.87500 02/15/2026 US 110,000 $102,300.00
45682RAA8 INFRABUILD AUSTRALIA PTY 12.00000 10/01/2024 AU 80,000 $72,200.00
45778Q107 INSPERITY INC US NSP 21,455 $1,388,782.15
458140100 INTEL CORP US INTC 4,556 $272,585.48
45866F104 INTERCONTINENTALEXCHANGE INC US ICE 26,310 $2,409,996.00
459200101 INTERNATIONAL BUSINESS MACH CORP US IBM 1,240 $149,754.80
459506101 INTERNATIONAL FLVRS & FRAGRANCES US IFF 212 $25,961.52
46116VAE5 INTL FC STORE INC 8.62500 06/15/2025 US 225,000 $234,985.50
46187BAA1 IHSFR 2017-SFR2 A 1.04388 12/17/2036 US 478,877.03 $472,971.85
46187BAB9 IHSFR 2017-SFR2 B 1.34388 12/17/2036 US 390,000 $388,292.46
46187W107 INVITATION HOMES INC US INVH 11,853 $326,313.09
46284VAL5 IRON MOUNTAIN INC 5.62500 07/15/2032 US 110,000 $109,769.00
465410BX5 ITALY GOV'T INT BOND 2.37500 10/17/2024 IT 700,000 $708,722.26
46625H100 JP MORGAN CHASE & CO US JPM 2,811 $264,402.66
46639GAL0 JPMMT 2013-1 1A2 3.00000 03/25/2043 US 271,455.35 $278,706.60
46640BAC8 JPMMT 2013-2 A2 3.50000 05/25/2043 US 236,224.69 $247,118.78
46641YAA1 JPMMT 2014-2 1A1 3.00000 06/25/2029 US 397,203.99 $407,594.17
46647PBP0 JPMORGAN CHASE & CO 2.95600 05/13/2031 US 2,140,000 $2,269,648.71
46647SAJ9 JPMMT 2017-3 1A5 3.50000 08/25/2047 US 476,649.74 $482,297.80
46649HAE2 JPMMT 2017-6 A5 3.50000 12/25/2048 US 690,316.42 $700,837.26
476405105 JERNIGAN CAPITAL INC US JCAP 8,045 $110,055.60
478160104 JOHNSON & JOHNSON US JNJ 52,448 $7,375,762.24
47987LAA9 JONAH NRG LLC/FINANCE 7.25000 10/15/2025 US 105,000 $12,862.50
482480100 KLA-TENCOR CORPORATION US KLAC 350 $68,068.00
487526AB1 KEHE DISTRIBUTORS LLC/FI 8.62500 10/15/2026 US 110,000 $117,150.00
49427F108 KILROY REALTY CORP US KRC 4,333 $254,347.10
494368103 KIMBERLY CLARK CORP US KMB 598 $84,527.30
494550AW6 KINDER MORGAN ENER PART 6.95000 01/15/2038 US 1,650,000 $2,211,265.83
501044101 KROGER CO US KR 1,734 $58,695.90
50187TAE6 LGI HOMES INC 6.87500 07/15/2026 US 150,000 $152,625.00
505742AG1 LADDER CAP FIN LLLP/CORP 5.25000 10/01/2025 US 155,000 $133,641.00
5107401 BEIERSDORF AG DE BEI GR 2,625 $298,498.50
512816109 LAMAR ADVERTISING CO-A US LAMR 1,235 $82,448.60
516806AG1 LAREDO PETROLEUM INC 10.12500 01/15/2028 US 75,000 $51,750.00
53223X107 LIFE STORAGE INC US LSI 740 $70,263.00
532457108 ELI LILLY & CO US LLY 857 $140,702.26
539473AE8 LLOYDS BANK PLC 12.00000 12/16/2024 GB 100,000 $115,380.00
539830109 LOCKHEED MARTIN CORP US LMT 415 $151,441.80
54238XAC2 LONESTAR RESOURCES AMERICA 11.25000 01/01/2023 US 165,000 $15,675.00
550021109 LULULEMON - ADR CA LULU 9,299 $2,901,380.99
552697AQ7 MDC PARTNERS INC 6.50000 05/01/2024 CA 110,000 $102,300.00
56585A102 MARATHON PETROLEUM CORP US MPC 1,455 $54,387.90
573284106 MARTIN MARIETTA MATERIALS US MLM 6,185 $1,277,635.45
57636Q104 MASTERCARD INC-CLASS A US MA 37,200 $11,000,040.00
58933Y105 MERCK & CO INC US MRK 3,049 $235,779.17
59001KAG5 MERITOR INC 6.25000 06/01/2025 US 100,000 $101,000.00
594918104 MICROSOFT CORP US MSFT 28,770 $5,854,982.70
595112103 MICRON TECHNOLOGY INC US MU 150,000 $7,728,000.00
59522J103 MID-AMERICA APARTMENT COMM US MAA 2,070 $237,366.90
609207105 MONDELEZ INTERNATIONAL INC US MDLZ 94,440 $4,828,717.20
615369105 MOODY'S CORPORATION US MCO 8,220 $2,258,280.60
61965RAA3 MOSS CREEK RESOURCES HLD 7.50000 01/15/2026 US 105,000 $52,500.00
62426EAA3 MOUNTAIN PROVINCE DIAMON 8.00000 12/15/2022 CA 50,000 $27,750.00
6253983 ARISTOCRAT LEISURE LTD AU ALL AU 5,410 $96,873.90
62913TAJ1 NGL ENRGY PART LP/FIN CO 7.50000 11/01/2023 US 100,000 $83,000.00
6321954 TRAVELSKY TECHNOLOGY LTD-H CN 696 HK 162,000 $286,826.70
63938CAH1 NAVIENT CORP 6.75000 06/25/2025 US 140,000 $133,525.00
63938NAF1 NAVIOS SA LOGIST/FIN US 10.75000 07/01/2025 MH 60,000 $61,950.00
64033QAB5 NSLT 2015-2A A2 0.78450 09/25/2047 US 2,185,739.76 $2,100,105.97
64110D104 NETAPP INC US NTAP 600 $26,622.00
64829DAG1 NRZT 2014-3A AFX3 3.75000 11/25/2054 US 281,032.74 $299,953.97
64829EAA2 NRZT 2015-2A A1 3.75000 08/25/2055 US 427,374.32 $458,291.60
64829LAA6 NRZT 2016-4A A1 3.75000 11/25/2056 US 455,542.54 $484,158.31
655844108 NORFOLK SOUTHN CORP US NSC 352 $61,800.64
6642321 NIKON CORP JP 7731 JP 305,700 $2,567,367.84
66727WAA0 NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 CA 490,000 $5,022.50
66987V109 NOVARTIS AG- REG CH NVS 90,430 $7,898,156.20
670346105 NUCOR CORP US NUE 856 $35,446.96
67401PAB4 OAKTREE SPECIALTY LEND 3.50000 02/25/2025 US 90,000 $87,927.92
6742340 SHANDONG WEIGAO CN 1066 HK 264,000 $589,472.20
674599EA9 OCCIDENTAL PETROLEUM COR 8.87500 07/15/2030 US 60,000 $59,925.00
675232AB8 OCEANEERING INTL INC 6.00000 02/01/2028 US 145,000 $101,500.00
6821506 SONY CORP FIRST SECTION JP 6758 JP 2,900 $200,187.52
68389X105 ORACLE CORP US ORCL 2,644 $146,133.88
69144AAA7 OXFIN 2020-1A A2 3.10100 02/15/2028 US 1,010,000 $1,025,357.25
69318FAH1 PBF HOLDING CO LLC 6.00000 02/15/2028 US 85,000 $70,550.00
69327RAJ0 PDC ENERGY INC 5.75000 05/15/2026 US 95,000 $86,450.00
693456AW5 PMTLT 2013-J1 a9 3.50000 09/25/2043 US 880,192.89 $927,232.42
693475105 PNC FINANCIAL SERVICES GROUP US PNC 548 $57,655.08
693506107 PPG INDUSTRIES INC US PPG 405 $42,954.30
701094104 PARKER HANNIFIN CORP US PH 247 $45,267.69
7021963 DEUTSCHE BOERSE AG DE DB1 GR 2,850 $515,781.32
70450Y103 PAYPAL HOLDINGS INC US PYPL 31,100 $5,418,553.00
7123870 NESTLE SA-REGISTERED CH NESN SW 50,726 $5,624,023.34
713448108 PEPSICO INC US PEP 17,610 $2,329,098.60
717081103 PFIZER INC US PFE 6,813 $222,785.10
719245AD4 PHOTO HOLDINGS MERGER SU 8.50000 10/01/2026 US 130,000 $122,687.50
71943U104 PHYSICIANS REALTY TRUST US DOC 5,230 $91,629.60
71953LAA9 PICASSO FINANCE SUB INC 6.12500 06/15/2025 US 145,000 $148,262.50
723787107 PIONEER NATURAL RESOURCES CO US PXD 40,420 $3,949,034.00
73179PAM8 POLYONE CORP 5.75000 05/15/2025 US 90,000 $92,587.50
733174AK2 POPULAR INC 6.12500 09/14/2023 PR 90,000 $90,900.00
741503AZ9 BOOKING HOLDINGS INC 3.60000 06/01/2026 US 3,250,000 $3,566,612.66
74166MAE6 PRIME SECSRVC BRW/FINANC 6.25000 01/15/2028 US 160,000 $150,800.00
74331AAA0 2019- SFR4 CLASS A 2.68700 10/17/2036 US 1,200,000 $1,241,172.12
74333NAA0 PROGRESS RESIDENTIAL TRUST 3.14700 05/17/2036 US 919,412.5 $948,646.97
74340W103 PROLOGIS US PLD 9,679 $903,341.07
74460D109 PUBLIC STORAGE INC US PSA 1,645 $315,659.05
747525103 QUALCOMM INC US QCOM 1,242 $113,282.82
74834L100 QUEST DIAGNOSTICS INC US DGX 361 $41,139.56
750236AW1 RADIAN GROUP INC 4.87500 03/15/2027 US 220,000 $206,800.00
75513E101 RAYTHEON TECHNOLOGIES CORP US RTX 2,098 $129,278.76
756109104 REALTY INCOME CORP US O 1,775 $105,612.50
758849103 REGENCY CENTERS CORP US REG 1,950 $89,485.50
7591EP100 REGIONS FINANCIAL CORP. US RF 2,422 $26,932.64
76131D103 RESTAURANT BRANDS INTERN CA QSR 7,330 $400,437.90
76169C100 REXFORD INDUSTRIAL REALITY IN US REXR 5,635 $233,458.05
7698356 GETINGE AB-B SHS SE GETIB SS 17,455 $325,262.99
773903109 ROCKWELL AUTOMATION INC US ROK 251 $53,463.00
780259107 ROYAL DUTCH SHELL PLC-ADR B NL RDS/B 40,540 $1,234,443.00
783513203 RYANAIR HOLDINGS - ADR IE RYAAY 59,841 $3,969,851.94
78409V104 S&P GLOBAL INC US SPGI 5,905 $1,945,579.40
78410G104 SBA COMMUNICATIONS CORP US SBAC 10,830 $3,226,473.60
78442PGC4 SLM CORP 5.12500 04/05/2022 US 165,000 $163,350.00
78490DAA2 SOFI 2018-C A1FX 3.08000 01/25/2048 US 494,629.7 $498,172.98
785592AV8 SABINE PASS LIQUEFACTION 5.87500 06/30/2026 US 2,370,000 $2,784,750.00
79466L302 SALESFORCE.COM US CRM 23,115 $4,330,132.95
806857108 SCHLUMBERGER LTD NL SLB 96,496 $1,774,561.44
808625AA5 SCIENCE APPLICATIONS INT 4.87500 04/01/2028 US 100,000 $99,406.00
81141R100 SEA LTD - ADR SG SE 3,330 $357,109.20
81745BAB1 SEMT 2013-6 A2 3.00000 05/25/2043 US 1,389,861.36 $1,453,529.66
81745CAB9 SEMT 2013-7 A2 3.00000 06/25/2043 US 348,128.23 $361,096.29
81745EAA7 SEMT 2013-8 A1 3.00000 06/25/2043 US 352,059.41 $367,473.77
81745MAA9 SEMT 2013-2 1.87400 02/25/2043 US 301,740.31 $303,955.26
81762P102 SERVICENOW INC US NOW 8,090 $3,276,935.40
83088M102 SKYWORKS SOLUTIONS INC US SWKS 320 $40,915.20
832696405 JM SMUCKER CO/THE-NEW COM WI US SJM 320 $33,859.20
83401BAB2 SOFI 2017-F A2FX 2.84000 01/25/2041 US 285,481.48 $291,812.60
83404RAB4 SOFI 2018-B A2FX MTGE 3.34000 08/25/2047 US 1,060,000 $1,095,968.13
83405TAA1 SCLP 2019-3 A MTGE 2.90000 05/25/2028 US 687,569.92 $697,112.02
83406CAA7 SCLP 2019-2 A MTGE 3.01000 04/25/2028 US 512,432.29 $519,156.02
83406EAB1 SOFI 2018-A A2A 2.39000 02/25/2042 US 101,682.82 $101,903.93
83406TAB8 SOFI 2020-A A2FX MTGE 2.54000 05/15/2046 US 880,000 $911,898.50
844741BJ6 SOUTHWEST AIRLINES CO 5.25000 05/04/2025 US 1,710,000 $1,805,159.65
85172FAN9 SPRINGLEAF FINANCE CORP 7.12500 03/15/2026 US 160,000 $165,598.40
85207UAH8 SPRINT CORP 7.12500 06/15/2024 US 115,000 $129,851.10
85254J102 STAG INDUSTRIAL INC US STAG 3,735 $109,510.20
854502101 STANLEY WORKS/THE US SWK 303 $42,232.14
85571BAL9 STARWOOD PROPERTY TRUST 4.75000 03/15/2025 US 160,000 $145,600.00
85571BAP0 STARWOOD PROPERTY TRUST 3.62500 02/01/2021 US 75,000 $73,687.50
85571XAA5 SRPT 2014-STAR A FLTG RATE 1.65475 11/15/2027 US 971,430.41 $742,103.08
862121100 STORE CAPITAL CORP US STOR 3,390 $80,715.90
866674104 SUN COMMUNITIES US SUI 3,135 $425,356.80
867892101 SUNSTONE HOTEL INVESTORS INC US SHO 6,370 $51,915.50
87105L104 SWITCH INC - A US SWCH 5,785 $103,088.70
871829107 SYSCO CORP US SYY 957 $52,309.62
872540AR0 TJX COS INC 3.50000 04/15/2025 US 1,130,000 $1,257,861.29
87422VAJ7 TALEN ENERGY SUPPLY LLC 7.62500 06/01/2028 US 145,000 $145,000.00
87677QAA9 TXEZ 2016-1A 3.13100 06/15/2028 US 110,852.31 $111,131.81
87854WAA1 TECHNIPLAS LLC 10.00000 05/01/2020 US 65,000 $14,462.50
88032WAN6 TENCENT HOLDINGS 3.97500 04/11/2029 KY 1,910,000 $2,140,833.55
88146M101 TERRENO REALTY CORP US TRNO 1,735 $91,330.40
882508104 TEXAS INSTRUMENTS INC US TXN 1,325 $168,235.25
883556102 THERMO FISHER SCIENTIFIC INC US TMO 7,150 $2,590,731.00
88579Y101 3M CO US MMM 857 $133,683.43
89151E109 TOTAL S A SPONSORED ADR FR TOT 67,905 $2,611,626.30
89173CAA5 TPMT 2016-5 A1 2.50000 10/25/2056 US 698,672.45 $710,618.63
89173FAA8 TPMT 2017-1 A1 2.75000 10/25/2056 US 938,274.83 $960,052.38
89177EAA7 TPMT 2019-HY1 A1 1.18450 10/25/2048 US 838,879.02 $834,939.56
892231AA9 TOWNSQUARE MEDIA INC 6.50000 04/01/2023 US 150,000 $129,000.00
89417E109 TRAVELLERS COS INC US TRV 461 $52,577.05
89613BAA5 TAH 2016-SFR1 A 2.58900 11/17/2033 US 836,921.19 $840,538.61
89613FAA6 TAH 2017-SFR2 A 2.92800 01/17/2036 US 995,562.4 $1,034,716.67
89832Q109 TRUIST FINANCIAL CORP US TFC 2,355 $88,430.25
901109AF5 TUTOR PERINI CORP 6.87500 05/01/2025 US 260,000 $247,650.00
902494103 TYSON FOODS INC -CL A US TSN 750 $44,782.50
902653104 UDR INC US UDR 3,278 $122,531.64
902973304 U.S. BANCORP US USB 2,455 $90,393.10
904767704 UNILEVER PLC - ADR GB UL 146,853 $8,059,292.64
907818108 UNION PAC CORP US UNP 948 $160,278.36
91086QBG2 UNITED MEXICAN STATES 4.12500 01/21/2026 MX 200,000 $216,002.00
912810FS2 TSY INFL IX N/B 2.00000 01/15/2026 US 6,756,009.4 $7,851,293.17
912810RX8 US TREASURY N/B 3.00000 05/15/2047 US 8,900,000 $12,131,117.23
9128286N5 TSY INFL IX N/B 0.50000 04/15/2024 US 5,199,806.7 $5,464,867.68
912828K74 US TREASURY N/B 2.00000 08/15/2025 US 11,265,000 $12,228,685.60
912828R36 US TREASURY N/B 1.62500 05/15/2026 US 11,975,000 $12,833,364.29
912828WJ5 US TREASURY N/B 2.50000 05/15/2024 US 18,950,000 $20,617,748.00
912828ZJ2 TSY INFL IX N/B 0.12500 04/15/2025 US 4,972,926 $5,209,681.74
91704F104 URBAN EDGE PROPERTIES US UE 7,945 $94,307.15
918204108 VF CORP US VFC 887 $54,053.78
91913Y100 VALERO ENERGY US VLO 862 $50,702.84
92343VDU5 VERIZON COMMUNICATIONS 5.25000 03/16/2037 US 2,720,000 $3,641,431.06
92826C839 VISA INC - CLASS A SHARES US V 59,730 $11,538,044.10
92826CAK8 VISA INC 2.70000 04/15/2040 US 2,050,000 $2,193,566.30
92840JAA7 VISTAJET MALTA/XO MGMT 10.50000 06/01/2024 MUL 105,000 $94,500.00
92840VAG7 VISTRA OPERATIONS CO LLC 3.70000 01/30/2027 US 100,000 $102,982.90
928668BE1 VOLKSWAGEN GROUP AMERICA 3.35000 05/13/2025 US 1,250,000 $1,334,044.80
929160109 VULCAN MATERIALS CO US VMC 21,920 $2,539,432.00
93065PAA9 WBHT 2019-WBM A FLT 1.23475 12/15/2033 US 1,200,000 $1,121,848.56
931142103 WAL MART STORES US WMT 2,545 $304,840.10
94106L109 WASTE MANAGEMENT INC US WM 783 $82,927.53
949746101 WELLS FARGO COMPANY US WFC 5,244 $134,246.40
94987MAB7 WELLS FARGO COMMERCIAL MORTGAGE 4.39300 11/15/2043 US 138,699.12 $139,006.74
95040Q104 WELLTOWER INC. US WELL 4,411 $228,269.25
95081QAP9 WESCO DISTRIBUTION INC 7.25000 06/15/2028 US 100,000 $105,750.00
962178AN9 TRI POINTE GROUP / HOMES 5.87500 06/15/2024 US 150,000 $154,051.50
966387AH5 WHITING PETROLEUM CORP 5.75000 03/15/2021 US 525,000 $101,062.50
96949LAD7 WILLIAMS PARTNERS LP 3.75000 06/15/2027 US 1,720,000 $1,841,455.72
97651JAE6 WINWATER MORTGAGE LOAN TRUST 3.50000 03/20/2045 US 61,357.74 $61,460.97
97652TAA1 WIN 2015-1 A1 3.50000 01/20/2045 US 284,826.37 $293,265.75
98212BAM5 WPX ENERGY 5.87500 06/15/2028 US 50,000 $48,047.50
98311A105 WYNDHAM HOTELS & RESORTS INC US WH 4,370 $186,249.40
983919101 XILINX INC US XLNX 438 $43,094.82
B02J639 ADMIRAL GROUP PLC GB ADM LN 22,295 $632,260.94
B1KFX13 GRUPO AEROPORTUARIO DEL CENT MX OMAB MM 26,800 $124,564.12
B1Y47Y7 GERRESHEIMER AG DE GXI GR 4,715 $435,736.87
B1Y9TB3 DANONE FR BN FP 6,753 $468,745.02
B3QJ0H8 TOURMALINE OIL CORP CA TOU CN 38,915 $340,248.27
B3ZD2V9 MEX BONOS DESARR FIX RT 6.50000 06/10/2021 MX 3,112,000 $137,564.63
B4888C1 CANADIAN GOVERNMENT FLT 2.75000 06/01/2022 CA 358,000 $276,200.06
B4NDCC9 MEX BONOS DESARR FIX RT 6.50000 06/09/2022 MX 5,057,000 $227,458.84
B4YVF56 BRENNTAG AG DE BNR GR 5,485 $290,813.87
B63QM77 NEXON CO LTD JP 3659 JP 404,600 $9,126,331.43
B6TC406 MEX BONOS DESARR FIX RT 7.75000 05/29/2031 MX 972,000 $47,789.10
BBG00V0BGWX2 EOG US 07/02/20 P46 US -375 -$1,875.00
BBG00V0C53Z4 EXPE US 07/02/20 P76.5 US -227 -$9,080.00
BBQ3850 KEYWORDS STUDIOS PLC IE KWS LN 4,956 $111,274.19
BGHQ198 HIBERNIA REIT PLC IE HBRN ID 76,270 $96,290.96
BH8295835 SAUDI INTERNATIONAL BOND 2.90000 10/22/2025 SA 200,000 $212,080.00
BJ2KSG2 AKZO NOBEL NL AKZA NA 3,620 $325,221.54
BJVB695 BUONI POLIENNALI DEL TES 2.45000 09/01/2050 IT 920,000 $1,085,237.82
BK0939417 AMERICAN TANKER INC 7.75000 07/02/2025 US 200,000 $200,000.00
BMMV2K8 TENCENT HOLDINGS LTD CN 700 HK 103,645 $6,641,355.30
BMTRW10 B&M EUROPEAN VALUE RETAIL SA GB BME LN 59,420 $292,488.37
BNGN9Z1 FINECOBANK SPA IT FBK IM 51,270 $693,888.48
BP9DL90 INDUSTRIA DE DISENO TEXTIL ES ITX SM 12,595 $334,187.33
BVYVFW2 AUTO TRADER GROUP PLC GB AUTO LN 31,020 $201,962.98
BYYHL23 ANHEUSER-BUSCH INBEV SA/NV BE ABI BB 61,259 $3,019,836.28
BZ0VW78 BINGO INDUSTRIES LTD AU BIN AU 115,050 $172,517.20
BZ1HM42 ADYEN NV NL ADYEN NA 110 $160,103.59
G0772R208 BANK OF N.T. BUTTERFIELD&SON BM NTB 7,465 $182,071.35
G1151C101 ACCENTURE PLC - CL A IE ACN 2,330 $500,297.60
G29183103 EATON CORP PLC US ETN 835 $73,045.80
G51502105 JOHNSON CONTROLS INTERNATIONAL US JCI 1,833 $62,578.62
G5494J103 LINDE PLC GB LIN 551 $116,872.61
G5960L103 MEDTRONIC INC IE MDT 35,448 $3,250,581.60
G85158106 STONECO LTD-A BR STNE 4,490 $174,032.40
G8994E103 TRANE TECHNOLOGIES IE TT 417 $37,104.66
G97822103 PERRIGO CO PLC IE PRGO 5,830 $322,224.10
H01301128 ALCON INC CH ALC 53,771 $3,082,153.72
H1467J104 CHUBB LTD CH CB 682 $86,354.84
H2906T109 GARMIN LTD CH GRMN 359 $35,002.50
N53745100 LYONDELLBASELL INDU-CL A US LYB 830 $54,547.60

Investments will change over time.

Distributions

  • Pro-Blend® Extended Term Series Class I Distribution History
  • 2020 Distribution Calendar
  • Fourth Quarter 2019 Distributions
  • Third Quarter 2019 Distributions
  • Second Quarter 2020 Distributions
  • First Quarter 2020 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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