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

$19.95

Daily $ Change

$0.02

Daily % Change

0.10%

as of 01/14/2021

Ticker

MNBWX

CUSIP

56382R316

Inception Date

04/01/2019

This fund is only available to discretionary investment accounts and other accounts managed by the Advisor.

Important Documents

Summary Prospectus
Prospectus
Statement of Additional Information
Annual Report
Semi-Annual Report
Fact Sheet ---
Applications & Forms

Performance

As of 12/31/2020

YTD

---

1 Year

18.72%

3 Year

10.93%

5 Year

10.24%

10 Year

7.77%

Inception
(10/12/1993)

8.51%

Inception performance is based on the Pro-Blend® Extended Term Series Class S inception of 10/12/1993. For periods through 04/01/2019 (the inception date of the Class W shares), performance for the Class W shares is based on the historical performance of the Class S shares. Because the Class W 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 0.72%
Net 0.10%*

*Reflects the Advisor's contractual agreement to waive its management fee and limit and reimburse certain other expenses. These contractual waivers may not be amended or terminated without the prior approval of the Fund's Board of Directors. The Class W shares are only available to discretionary investment accounts and other accounts managed by the Advisor. These clients pay a management fee to the Advisor that is separate from the fund's expenses.

Top Ten Investments

As of 12/31/2020

TREASURY NOTES 11.15%
GOVERNMENT AGENCY 4.73%
TREASURY BONDS 2.60%
EXPEDIA INC 1.76%
VISA INC - CLASS A SHARES 1.67%
MASTERCARD INC-CLASS A 1.63%
UNILEVER PLC - ADR 1.62%
NOVARTIS AG- REG 1.60%
JOHNSON & JOHNSON 1.54%
ALPHABET INC-CL A 1.51%

This investment list is unaudited and excludes cash.

Asset Allocation

As of 12/31/2020

Stocks 59.64%
Bonds 39.19%
Cash 1.17%

Detailed Asset Class Allocation

As of 12/31/2020

International Equities 16.68%
Small Capitalization 2.36%
Mid Capitalization 9.24%
Large Capitalization 31.36%
Long Term Fixed Income 12.76%
Intermediate Term Fixed Income 24.82%
Short Term Fixed Income 1.61%
Cash 1.17%

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

December Fund Holdings

As of 12/31/2020

CUSIP Security Description Country Ticker Shares/Par Market Value (USD)
00206RDQ2 AT&T INC 4.25000 03/01/2027 US 936,000 $1,094,870.27
00287Y109 ABBVIE INC US ABBV 2,390 $256,088.50
00507V109 ACTIVISION INC US ATVI 60,550 $5,622,067.50
00653VAA9 ADAPTHEALTH LLC 6.12500 08/01/2028 US 190,000 $204,012.50
00774MAG0 AERCAP IRELAND CAP / GLOBA 4.45000 10/01/2025 IE 2,380,000 $2,651,027.57
00791GAA5 AG MERGER SUB II INC 10.75000 08/01/2027 US 208,000 $229,840.00
00842XAA7 AFFINITY GAMING 6.87500 12/15/2027 US 135,000 $141,451.65
008492100 AGREE REALTY CORP US ADC 5,271 $350,943.18
00912XAV6 AIR LEASE CORP 3.62500 04/01/2027 US 1,050,000 $1,125,276.66
00914AAB8 AIR LEASE CORP 3.75000 06/01/2026 US 1,241,000 $1,365,071.78
01166WAA5 ALASKA AIR 2020-1 CL B 8.00000 08/15/2025 US 237,000 $257,441.77
01609W102 ALIBABA GROUP - ADR CN BABA 22,480 $5,231,770.40
01609WAT9 ALIBABA GROUP HOLDING 3.40000 12/06/2027 KY 2,750,000 $3,078,628.71
020002101 ALLSTATE CORPORATION US ALL 688 $75,631.84
02079K305 ALPHABET INC-CL A US GOOGL 5,804 $10,172,322.56
023135106 AMAZON.COM INC US AMZN 2,993 $9,747,991.49
0237400 DIAGEO PLC GB DGE LN 85,751 $3,393,060.99
024835100 AMERICAN CAMPUS COMMUNITIES US ACC 6,325 $270,520.25
025816109 AMERICAN EXPRESS CO US AXP 37,022 $4,476,330.02
02665T306 AMERICAN HOMES 4 RENT- A US AMH 16,553 $496,590.00
03027X100 AMERICAN TOWER REIT INC US AMT 18,024 $4,045,667.04
03027XAW0 AMERICAN TOWER CORP 3.80000 08/15/2029 US 2,656,000 $3,087,965.55
03064D108 AMERICOLD REALTY TRUST US COLD 14,405 $537,738.65
03217CAA4 AMS AG 7.00000 07/31/2025 AT 255,000 $276,675.00
032654105 ANALOG DEVICES INC US ADI 631 $93,217.63
03690AAD8 ANTERO MIDSTREAM PART / FI 5.75000 03/01/2027 US 227,000 $223,027.50
03690AAF3 ANTERO MIDSTREAM PART/FI 5.75000 01/15/2028 US 138,000 $132,507.60
03690EAA6 ANTERO MIDSTREAM PART/FI 7.87500 05/15/2026 US 55,000 $56,791.90
03750L109 APARTMENT INCOME REIT CO US AIRC 5,700 $218,937.00
03784Y200 APPLE HOSPITALITY REIT INC US APLE 21,251 $274,350.41
039483102 ARCHER-DANIELS-MIDLAND CO US ADM 1,384 $69,767.44
04364VAR4 ASCENT RESOURCES 8.25000 12/31/2028 US 125,000 $124,687.50
045054AJ2 ASHTEAD CAPITAL INC 4.00000 05/01/2028 US 1,130,000 $1,200,218.20
053015103 AUTOMATIC DATA PROCESSING US ADP 598 $105,367.60
053484101 AVALONBAY COMMUNITIES INC US AVB 1,689 $270,966.27
05401AAJ0 AVOLON HOLDINGS FNDG LTD 3.25000 02/15/2027 KY 1,309,000 $1,335,596.58
055622104 BP PLC-SPONS ADR GB BP 75,860 $1,556,647.20
05604LAA0 BWAY 2015-1740 A 2.91700 01/10/2035 US 2,411,000 $2,459,244.11
05722G100 BAKER HUGHES CO US BKR 2,941 $61,319.85
060505104 BANK OF AMERICA CORP US BAC 9,397 $284,823.07
06051GFM6 BANK OF AMERICA CORP 4.00000 01/22/2025 US 1,447,000 $1,625,967.14
071734AH0 BAUSCH HEALTH COS INC 5.00000 01/30/2028 CA 203,000 $209,199.62
084423102 WR BERKLEY CORP US WRB 68,140 $4,525,858.80
084670702 BERKSHIRE HATHAWAY INC-CL B US BRK/B 31,317 $7,261,472.79
086516101 BEST BUY INC US BBY 781 $77,935.99
09061G101 BIOMARIN PHARMACEUTICAL INC US BMRN 48,016 $4,210,523.04
0963318 DECHRA PHARMACEUTICALS PLC GB DPH LN 6,780 $319,315.73
105368203 BRANDYWINE REALTY TRUST US BDN 13,835 $164,774.85
110122108 BRISTOL MYERS SQUIBB CO US BMY 3,239 $200,915.17
116ESCAD6 BRUIN E&P PARTNERS LLC 0.00000 08/01/2023 US 683,000 $68.30
12467AAF5 C&S GROUP ENTERPRISES LL 5.00000 12/15/2028 US 205,000 $204,401.40
12503M108 CBOE GLOBAL MARKETS INC US CBOE 19,322 $1,799,264.64
12510GAB8 CCG 2019-1 A2 2.80000 09/14/2026 US 221,049.44 $224,462.13
12514G108 CDW CORP/DE US CDW 24,810 $3,269,709.90
12530MAA3 SORT 2020-1 A1 MTGE 1.69000 07/15/2060 US 882,800.42 $899,233.84
12530MAB1 SORT 2020-1 A2 1.99000 07/15/2060 US 822,071.41 $832,567.70
12541W209 C.H. ROBINSON WORLDWIDE INC US CHRW 497 $46,653.39
12555DAA3 CIM 2019-INV1 A1 4.00000 02/25/2049 US 280,566.07 $288,415.47
12572Q105 CME GROUP INC US CME 10,252 $1,866,376.60
12646XAH5 CSMC 2013-IVR3 A1 2.50000 05/25/2043 US 387,141.8 $394,093.20
12648TAA7 CSMC 2014-IVR3 A1 3.50000 07/25/2044 US 154,793.76 $158,611.70
12654TAA8 CNX MIDSTREAM PTR/CNX 6.50000 03/15/2026 US 153,000 $155,677.50
127097103 CABOT OIL & GAS CORP US COG 403,468 $6,568,459.04
133131102 CAMDEN PROPERTY TRUST US CPT 3,435 $343,225.20
133131AZ5 CAMDEN PROPERTY TRUST 2.80000 05/15/2030 US 325,000 $360,931.68
13321L108 CAMECO CORP CA CCJ 298,587 $4,001,065.80
14174T107 CARETRUST REIT INC US CTRE 6,940 $153,929.20
149123101 CATERPILLAR INC US CAT 1,043 $189,846.86
14980AAA0 CAZENOVIA CREEK FUNDING LLC 3.56070 07/15/2030 US 449,456.34 $451,365.63
16119P108 CHARTER COMMUNICATIONS INC-A US CHTR 11,763 $7,781,812.65
165183AL8 CFII 2017-2A A1 1.99000 05/15/2029 US 237,171.1 $237,378.55
165183BB9 CFII 2017-4A A1 2.12000 11/15/2029 US 278,237.41 $279,827.54
172062101 CINCINNATI FINANCIAL CORP US CINF 357 $31,191.09
17275R102 CISCO SYSTEMS INC US CSCO 5,793 $259,236.75
172967424 CITIGROUP INC US C 2,908 $179,307.28
172967KA8 CITIGROUP INCA 4.45000 09/29/2027 US 1,960,000 $2,316,990.83
180848P56 CLARK CNTY NV 1.51000 11/01/2028 US 2,340,000 $2,360,264.40
191216100 COCA COLA CO/THE US KO 123,254 $6,759,249.36
194162103 COLGATE-PALMOLIVE CO US CL 1,734 $148,274.34
20030N101 COMCAST CORP-CL A US CMCSA 4,600 $241,040.00
20030NCY5 COMCAST CORP 3.25000 11/01/2039 US 2,620,000 $2,974,711.08
20268CAA6 CBSLT 2019-AGS A1 MTGE 2.54000 01/25/2047 US 1,396,455.4 $1,431,655.71
20369C106 COMMUNITY HEALTHCARE TRUST I US CHCT 5,630 $265,229.30
20449X401 COMPASS GROUP PLC ADR GB CMPGY 175,862 $3,293,895.26
205887102 CONAGRA BRAND INC. US CAG 1,507 $54,643.82
20605P101 CONCHO RESOURCES INC US CXO 84,568 $4,934,542.80
20825C104 CONOCOPHILLIPS US COP 66,235 $2,648,737.65
21036P108 CONSTELLATION BRANDS INC-A US STZ 344 $75,353.20
21240E105 CONTROLADORA VUELA CIA DE AV MX VLRS 31,840 $395,452.80
217204106 COPART INC US CPRT 30,750 $3,912,937.50
222795502 COUSINS PROPERTIES INC US CUZ 15,272 $511,612.00
22534GAA1 CAALT 2020-1A 2.01000 02/15/2029 US 368,000 $376,246.73
22822V101 CROWN CASTLE INTL CORP US CCI 3,221 $512,750.99
22822VAN1 CROWN CASTLE INTL CORP 3.10000 11/15/2029 US 1,306,000 $1,439,125.74
22944PAA5 CSMC 2013-TH1 A1 2.13000 02/25/2043 US 251,223.8 $255,770.70
229663109 CUBESMART US CUBE 5,735 $192,753.35
231021106 CUMMINS INC US CMI 409 $92,883.90
253868103 DIGITAL REALTY TRUST INC US DLR 5,230 $729,637.30
256746108 DOLLAR TREE STORES INC US DLTR 30,975 $3,346,539.00
25746UDG1 DOMINION ENERGY 3.37500 04/01/2030 US 1,560,000 $1,776,988.00
25960P109 DOUGLAS EMMETT INC US DEI 8,246 $240,618.28
260003108 DOVER CORP US DOV 335 $42,293.75
262006208 DREYFUS GVT CSH MANAGEMENT US 7,982,511.94 $7,982,511.94
26439XAC7 DCP MIDSTREAM OPERATING 8.12500 08/16/2030 US 178,000 $227,395.00
264411505 DUKE RLTY INVTS INC US DRE 11,080 $442,867.60
26875P101 EOG RESOURCES INC US EOG 77,164 $3,848,168.68
26884L109 EQT CORP US EQT 234,420 $2,979,478.20
26884LAG4 EQT CORP 8.75000 02/01/2030 US 165,000 $202,125.00
2715777 QUEBECOR INC -CL B CA QBR/B CN 28,020 $721,136.93
285512109 ELECTRONIC ARTS US EA 25,970 $3,729,292.00
291011104 EMERSON ELEC CO US EMR 1,510 $121,358.70
29273RAR0 ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 US 2,580,000 $3,147,563.26
29275YAC6 ENERSYS 4.37500 12/15/2027 US 25,000 $26,437.50
29444U700 EQUINIX INC US EQIX 9,617 $6,868,269.06
29472R108 EQUITY LIFESTYLE PROPERTIES US ELS 7,846 $497,122.56
297178105 ESSEX PROPERTY TRUST INC US ESS 843 $200,145.06
30212P303 EXPEDIA INC US EXPE 89,860 $11,897,464.00
30212PAS4 EXPEDIA GROUP INC 6.25000 05/01/2025 US 1,035,000 $1,199,669.11
30225T102 EXTRA SPACE STORAGE INC US EXR 1,215 $140,769.90
30231G102 EXXON MOBIL CORP US XOM 105,724 $4,357,943.28
302491303 FMC CORP US FMC 30,778 $3,537,315.54
30264DAA7 FS ENERGY & POWER FUND 7.50000 08/15/2023 US 184,000 $175,490.00
30287EAE0 FREMF 2014-K41 B FLT 3.83296 11/25/2047 US 1,731,000 $1,899,910.11
30291HAA5 FREMF 2013-K28 X2A 0.10000 06/25/2046 US 73,543,338.8 $116,485.29
30291XAE2 FREMF 2014-K715 B FLT 3.97160 02/25/2046 US 1,279,000 $1,277,817.44
30303M102 FACEBOOK INC -A US FB 36,967 $10,097,905.72
311900104 FASTENAL CO US FAST 1,677 $81,887.91
3128M5VT4 FHLM POOL G03926 6.00000 02/01/2038 US 77,491.18 $91,879.64
3128M6NC8 FHLM POOL G04587 5.50000 08/01/2038 US 438,082.81 $515,177.73
3128M6NS3 FHLM POOL G04601 5.50000 07/01/2038 US 471,547.13 $552,132.91
3128M6SU3 FHLM POOL G04731 5.50000 04/01/2038 US 125,077.55 $146,914.48
3128M73P9 FHLM POOL G05906 6.00000 04/01/2040 US 84,703.42 $100,533.43
3128MB4Q7 FHLM POOL G13331 5.50000 10/01/2023 US 2,442.79 $2,529.29
3128MBDP9 FHLM POOL G12610 6.00000 03/01/2022 US 3,405.35 $3,452.29
3128MBE45 FHLM POOL G12655 6.00000 05/01/2022 US 2,556.96 $2,600.89
3128MBRH2 FHLM POOL G12988 6.00000 01/01/2023 US 2,943.52 $3,033.46
3128MBUB1 FHLM POOL G13078 6.00000 03/01/2023 US 4,467.4 $4,596.17
3128MJJT8 FHLM POOL G08273 5.50000 06/01/2038 US 156,251.62 $183,747.69
3128P75X7 FHLM POOL C91762 4.50000 05/01/2034 US 390,871.24 $432,178.10
3128P76G3 FHLM POOL C91771 4.50000 06/01/2034 US 319,894.52 $353,707.64
3128P76R9 FHLM POOL C91780 4.50000 07/01/2034 US 430,964.21 $476,511.22
3132DWAG8 FEDERAL NATL MTG ASSN FR SD8107 2.50000 11/01/2050 US 3,168,554.82 $3,343,035.25
3132QQFU1 FHLM POOL Q33778 4.00000 06/01/2045 US 492,004.83 $541,512.42
31335AFY9 FHLM POOL G60183 4.00000 12/01/2044 US 305,117.35 $332,532.92
3135G05Y5 FANNIE MAE 0.75000 10/08/2027 US 6,550,000 $6,575,472.56
3136AY6W8 FNA 2017-M15 A1 FLT 2.95934 09/25/2027 US 1,534,900.62 $1,663,036.12
3136B1YD0 FNR 2018-31 KP 3.50000 07/25/2047 US 308,743.86 $319,800.16
3137ADTK3 FHMS K014 X1 FLT 1.17813 04/25/2021 US 6,592,006.13 $7,698.14
3137AJMG6 FMHS K016 X1 FLT 1.48098 10/25/2021 US 3,497,468.34 $18,002.52
3137AME78 FHMS K017 X1 FLT 1.28567 12/25/2021 US 18,848,402.43 $129,245.38
3137AUPF0 FHMS K021 x1 FLT 1.40440 06/25/2022 US 10,324,282.97 $152,493.79
3137B3NB0 FHMS K030 X1 FLT 0.16985 04/25/2023 US 41,296,803.72 $144,778.33
3137B4GZ3 FHMS K032 X1 FLT 0.08901 05/25/2023 US 26,571,769.84 $66,849.26
3137F4YU0 FHR 4791 BA MTGE 4.00000 03/15/2044 US 292,194.05 $295,668.94
3137FG2L8 FHR 4801 BA MTGE 4.50000 05/15/2044 US 144,534.28 $145,757.81
3138AJXA5 FEDERAL NATL MTG ASSN A15172 4.00000 08/01/2041 US 418,234.82 $460,978.42
3138EGE26 FEDERAL NATL MTG ASSN AL0152 6.00000 06/01/2040 US 383,687.29 $453,388.77
3138EGHT4 FEDERAL NATL MTG ASSN AL0241 4.00000 04/01/2041 US 565,929.3 $623,769.83
3138EHR87 FEDERAL NATL MTG ASSN AL1410 4.50000 12/01/2041 US 679,843.36 $763,364.52
3138EHXZ0 FEDERAL NATL MTG ASSN AL1595 6.00000 01/01/2040 US 188,373.23 $223,053.31
3138EQST0 FEDERAL NATL MTG ASSN AL7729 4.00000 06/01/2043 US 396,029.25 $432,574.49
3138ETT89 FEDERAL NATL MTG ASSN AL8674 FLT 5.64100 01/01/2049 US 1,285,647.88 $1,507,054.71
3138WDRZ6 FEDERAL NATL MTG ASSN AS4103 4.50000 12/01/2044 US 451,893.46 $501,335.25
3138Y6Y81 FEDERAL NATL MTG ASSN AX5234 4.50000 11/01/2044 US 331,890.7 $366,620.47
3140E2GZ8 FEDERAL NATL MTG ASSN AZ9215 4.00000 10/01/2045 US 325,536.28 $351,904.99
3140F2QS2 FEDERAL NATL MTG ASSN BC6764 3.50000 04/01/2046 US 367,422.35 $392,739.32
3140FEX33 FEDERAL NATL MTG ASSN BD6997 4.00000 10/01/2046 US 418,366.36 $451,298.74
3140FTWF4 FEDERAL NATL MTG ASSN BE7845 4.50000 02/01/2047 US 256,559.44 $280,703.73
31410FSE6 FEDERAL NATL MTG ASSN 888017 6.00000 11/01/2021 US 1,470.28 $1,481.85
31410FV51 FEDERAL NATL MTG ASSN 888136 6.00000 12/01/2021 US 2,264.46 $2,289.13
31410GCD3 FEDERAL NATL MTG ASSN 888468 5.50000 09/01/2021 US 5,152.94 $5,172.52
31410GN33 FEDERAL NATL MTG ASSN 888810 5.50000 11/01/2022 US 6,559.11 $6,594.64
31410KJV7 FEDERAL NATL MTG ASSN 889576 6.00000 04/01/2038 US 194,732.9 $230,583.52
31410KJY1 FEDERAL NATL MTG ASSN 889579 6.00000 05/01/2038 US 155,170.8 $183,319.78
31411JXP6 FEDERAL NATL MTG ASSN 909786 5.50000 03/01/2037 US 65,108.63 $76,137.15
31415VXY6 FEDERAL NATL MTG ASSN 990895 5.50000 10/01/2023 US 7,101.4 $7,347.93
31416BRR1 FEDERAL NATL MTG ASSN 995196 6.00000 07/01/2038 US 9,123.51 $10,847.05
31416BSW9 FEDERAL NATL MTG ASSN 995233 5.50000 10/01/2021 US 16.63 $16.69
31416BVW5 FEDERAL NATL MTG ASSN 995329 5.50000 12/01/2021 US 2,542.2 $2,558.17
31417YJC2 FEDERAL NATL MTG ASSN MA0258 4.50000 12/01/2039 US 361,022.97 $403,956.11
31418BBC9 FEDERAL NATL MTG ASSN MA1834 4.50000 02/01/2034 US 540,059.79 $596,999.14
31418BDH6 FEDERAL NATL MTG ASSN MA1903 4.50000 05/01/2034 US 303,339.85 $335,327.84
31418CYJ7 FEDERAL NATL MTG ASSN FN MA3412 3.50000 07/01/2038 US 746,769.71 $790,821.35
31418CZ56 FEDERAL NATL MTG ASSN FN MA3463 4.00000 09/01/2033 US 673,951.92 $714,495.53
31418DU59 FEDERAL NATL MTG FN MA4203 2.50000 12/01/2040 US 3,370,812.11 $3,559,919.29
31418DU67 FEDERAL NATL MTG ASSN FN MA4204 2.00000 12/01/2040 US 3,418,847.49 $3,551,786.71
31418MG63 FEDERAL NATL MTG ASSN AD0220 6.00000 10/01/2038 US 15,391.44 $18,337.82
31418MGR7 FEDERAL NATL MTG ASSN AD0207 6.00000 10/01/2038 US 497,727.64 $590,577.88
31418MKV3 FEDERAL NATL MTG ASSN AD0307 5.50000 01/01/2039 US 311,851.8 $366,613.99
31418MQQ8 FEDERAL NATL MTG ASSN AD0462 5.50000 10/01/2024 US 6,331.33 $6,682.68
316773100 FIFTH THIRD BANCORP US FITB 1,931 $53,237.67
32054K103 FIRST INDUSTRIAL REALTY TR US FR 7,784 $327,939.92
34461LAA2 FONTAINEBLEAU MIAMI BEACH TRUST 3.14400 12/10/2036 US 1,571,000 $1,646,197.17
345370CW8 FORD MOTOR COMPANY 9.00000 04/22/2025 US 50,000 $61,300.50
345397XU2 FORD MOTOR CREDIT CO LLC 4.38900 01/08/2026 US 200,000 $209,936.00
346232AE1 FORESTAR GROUP INC 5.00000 03/01/2028 US 133,000 $137,322.50
34960PAC5 FORTRESS TRANS & INFRAST 9.75000 08/01/2027 US 133,000 $152,451.25
35166FAA0 FOXTROT ESCROW ISSUER 12.25000 11/15/2026 US 148,000 $168,720.00
36257MAA3 GSMS 2019-70P A 1.15900 10/15/2036 US 1,589,000 $1,549,147.72
369550108 GENERAL DYNAMICS CORP US GD 590 $87,803.80
369604BQ5 GENERAL ELECTRIC CO 5.00000 01/21/2021 US 2,354,000 $2,189,808.50
370334104 GENERAL MLS INC US GIS 1,530 $89,964.00
372460105 GENUINE PARTS CO US GPC 492 $49,411.56
37255LAA5 GENWORTH MORTGAGE HLDING 6.50000 08/15/2025 US 260,000 $281,450.00
374297109 GETTY REALTY CORP US GTY 7,994 $220,154.76
375558103 GILEAD SCIENCES INC US GILD 2,221 $129,395.46
38379RRX3 GNR 2017-54 AH MTGE 2.60000 12/16/2056 US 1,380,192.63 $1,448,366.97
383909AF5 WR GRACE & CO-CONN 5.62500 10/01/2024 US 125,000 $134,843.75
384802104 WW GRAINGER INC US GWW 121 $49,409.14
388689101 GRAPHIC PACKAGING HOLDING CO US GPK 409,656 $6,939,572.64
400506101 GRUPO AEROPORTUARIO PAC-ADR MX PAC 1,919 $213,565.51
40051E202 GRUPO AEROPORTUARIO DEL SURESTE MX ASR 1,152 $189,999.36
4012250 AIRBUS SE FR AIR FP 1,907 $209,282.20
4031976 ADIDAS AG DE ADS GR 780 $283,767.87
404119BX6 HCA INC 4.12500 06/15/2029 US 1,498,000 $1,737,802.22
416515104 HARTFORD FINL SVCS US HIG 969 $47,461.62
418751AD5 HAT HOLDINGS I LLC/HAT 3.75000 09/15/2030 US 144,000 $149,400.00
419792A22 HAWAII ST 2.68200 10/01/2030 US 1,795,000 $1,869,474.55
419792ZN9 HAWAII ST 1.11200 10/01/2026 US 1,160,000 $1,181,761.60
421946104 HEALTHCARE REALTY TRUST INC US HR 8,744 $258,822.40
42225P501 HEALTHCARE TRUST OF AMERICA US HTA 10,866 $299,249.64
42250P103 HEALTHPEAK PROPERTIES INC US PEAK 14,601 $441,388.23
423012301 HEINEKEN NV-SPN ADR NL HEINY 70,815 $3,954,309.60
427866108 HERSHEY CO/THE US HSY 533 $81,191.89
431571AB4 HILLENBRAND INC 5.00000 09/15/2026 US 125,000 $140,156.25
43300A203 HILTON WORLDWIDE HOLDINGS INC US HLT 18,773 $2,088,683.98
437076102 HOME DEPOT INC US HD 1,390 $369,211.80
438516106 HONEYWELL INTERNATIONAL INC US HON 1,189 $252,900.30
440452100 HORMEL FOODS CORP US HRL 1,041 $48,521.01
443201AA6 HOWMET AEROSPACE INC 6.87500 05/01/2025 US 115,000 $134,550.00
443628AH5 HUDBAY MINERALS INC 6.12500 04/01/2029 CA 130,000 $140,075.00
444454AD4 HUGHES SATELLITE SYSTEMS 5.25000 08/01/2026 US 134,000 $147,902.50
450913AF5 IAMGOLD CORP 5.75000 10/15/2028 CA 165,000 $167,475.00
45168D104 IDEXX LABORATORIES INC US IDXX 7,605 $3,801,511.35
452308109 ILLINOIS TOOL WKS INC US ITW 665 $135,580.20
45337C102 INCYTE CORP US INCY 22,966 $1,997,582.68
45569LAA9 INDIGO NATURAL RES LLC 6.87500 02/15/2026 US 148,000 $151,330.00
45682RAA8 INFRABUILD AUSTRALIA PTY 12.00000 10/01/2024 AU 214,000 $216,407.50
45778Q107 INSPERITY INC US NSP 39,479 $3,214,380.18
458140100 INTEL CORP US INTC 5,710 $284,472.20
45866F104 INTERCONTINENTALEXCHANGE INC US ICE 67,052 $7,730,425.08
459200101 INTERNATIONAL BUSINESS MACH CORP US IBM 1,463 $184,162.44
459506101 INTERNATIONAL FLVRS & FRAGRANCES US IFF 253 $27,536.52
46116VAE5 INTL FC STORE INC 8.62500 06/15/2025 US 282,000 $306,675.00
46187BAA1 IHSFR 2017-SFR2 A 1.00300 12/17/2036 US 600,007.39 $598,543.85
46187BAB9 IHSFR 2017-SFR2 B 1.30300 12/17/2036 US 493,000 $491,806.50
46187W107 INVITATION HOMES INC US INVH 25,915 $769,675.50
46284VAN1 IRON MOUNTAIN INC 4.50000 02/15/2031 US 148,000 $155,030.00
465410BX5 ITALY GOV'T INT BOND 2.37500 10/17/2024 IT 871,000 $915,910.76
46625H100 JP MORGAN CHASE & CO US JPM 3,054 $388,071.78
46639GAL0 JPMMT 2013-1 1A2 3.00000 03/25/2043 US 186,188.82 $188,839.31
46640BAC8 JPMMT 2013-2 A2 3.50000 05/25/2043 US 208,508.76 $212,619.49
46641YAA1 JPMMT 2014-2 1A1 3.00000 06/25/2029 US 448,394.71 $458,601.88
46647PBP0 JPMORGAN CHASE & CO 2.95600 05/13/2031 US 2,551,000 $2,797,403.62
46647SAJ9 JPMMT 2017-3 1A5 3.50000 08/25/2047 US 118,469.27 $118,547.64
46648HAC7 JPMMT 2017-2 A3 3.50000 05/25/2047 US 322,722.38 $329,592.95
46649HAE2 JPMMT 2017-6 A5 3.50000 12/25/2048 US 239,278.65 $239,979.35
478160104 JOHNSON & JOHNSON US JNJ 66,231 $10,423,434.78
47987LAA9 JONAH NRG LLC/FINANCE 7.25000 10/15/2025 US 579,000 $5,664.94
48088LAB3 JOSEPH T RYERSON & SON 8.50000 08/01/2028 US 117,000 $132,502.50
482480100 KLA-TENCOR CORPORATION US KLAC 425 $110,036.75
487526AB1 KEHE DISTRIBUTORS LLC/FI 8.62500 10/15/2026 US 214,000 $240,215.00
49427F108 KILROY REALTY CORP US KRC 6,688 $383,891.20
494368103 KIMBERLY CLARK CORP US KMB 756 $101,931.48
494550AW6 KINDER MORGAN ENER PART 6.95000 01/15/2038 US 2,007,000 $2,746,197.45
501044101 KROGER CO US KR 2,154 $68,411.04
50212YAC8 LPL HOLDINGS INC 4.62500 11/15/2027 US 130,000 $134,550.00
505742AG1 LADDER CAP FIN LLLP/CORP 5.25000 10/01/2025 US 255,000 $254,362.50
5107401 BEIERSDORF AG DE BEI GR 3,685 $423,626.18
512816109 LAMAR ADVERTISING CO-A US LAMR 2,609 $217,120.98
53223X107 LIFE STORAGE INC US LSI 2,584 $308,503.76
532457108 ELI LILLY & CO US LLY 1,008 $170,190.72
539830109 LOCKHEED MARTIN CORP US LMT 478 $169,680.44
541056AA5 LOGAN MERGER SUB INC 5.50000 09/01/2027 US 119,000 $124,652.50
54240F202 LONESTAR RES US INC NPV US 8,717 $15,864.94
550021109 LULULEMON - ADR CA LULU 843 $293,389.29
552848AG8 MGIC INVESTMENT CORP 5.25000 08/15/2028 US 209,000 $223,630.00
55303XAL9 MGM GROWTH/MGM FINANCE 3.87500 02/15/2029 US 135,000 $138,037.50
56585A102 MARATHON PETROLEUM CORP US MPC 1,791 $74,075.76
573284106 MARTIN MARIETTA MATERIALS US MLM 6,690 $1,899,759.30
57636Q104 MASTERCARD INC-CLASS A US MA 30,917 $11,035,513.98
577128AA9 MATTHEWS INTERNATIONAL C 5.25000 12/01/2025 US 205,000 $207,050.00
5852842 ACCOR SA FR AC FP 4,150 $150,565.30
58933Y105 MERCK & CO INC US MRK 3,444 $281,719.20
594918104 MICROSOFT CORP US MSFT 32,450 $7,217,529.00
595112103 MICRON TECHNOLOGY INC US MU 101,760 $7,650,316.80
59522J103 MID-AMERICA APARTMENT COMM US MAA 4,651 $589,235.19
609207105 MONDELEZ INTERNATIONAL INC US MDLZ 122,175 $7,143,572.25
615369105 MOODY'S CORPORATION US MCO 10,529 $3,055,936.96
61965RAA3 MOSS CREEK RESOURCES HLD 7.50000 01/15/2026 US 209,000 $158,840.00
62913TAJ1 NGL ENRGY PART LP/FIN CO 7.50000 11/01/2023 US 185,000 $131,003.13
6321954 TRAVELSKY TECHNOLOGY LTD-H CN 696 HK 198,000 $478,350.73
63938CAH1 NAVIENT CORP 6.75000 06/25/2025 US 192,000 $208,800.00
63938EAC8 NAVSL 2014-1 A3 FLT 0.65800 06/25/2031 US 294,072.57 $287,547.22
63938NAF1 NAVIOS SA LOGIST/FIN US 10.75000 07/01/2025 MUL 113,000 $120,910.00
63940YAA4 NAVSL 2019-CA A1 2.82000 02/15/2068 US 28,768.35 $28,836.03
63941XAA5 NAVSL 2020-FA A 1.22000 07/15/2069 US 1,420,320.78 $1,434,239.92
64032XAA3 NSLT 2012-3A A MTGE FLT 0.84800 02/25/2045 US 307,951.05 $304,076.50
64033GAA9 NSLT 2013-5A A MTGE FLT 0.77800 01/25/2037 US 305,541.31 $302,035.96
64033QAB5 NSLT 2015-2A A2 0.74800 09/25/2047 US 2,692,028.41 $2,646,314.81
64110D104 NETAPP INC US NTAP 648 $42,923.52
644393AA8 NEW FORTRESS ENERGY INC 6.75000 09/15/2025 US 268,000 $284,664.24
64829DAG1 NRZT 2014-3A AFX3 3.75000 11/25/2054 US 328,042.61 $351,454.03
64829EAA2 NRZT 2015-2A A1 3.75000 08/25/2055 US 465,856.65 $496,426.21
64829LAA6 NRZT 2016-4A A1 3.75000 11/25/2056 US 523,815.34 $558,138.29
64971XPG7 NEW YORK CITY NY TRANSITIONALFIN 1.58000 05/01/2024 US 635,000 $654,183.35
655844108 NORFOLK SOUTHN CORP US NSC 14,941 $3,550,131.01
6642321 NIKON CORP JP 7731 JP 384,900 $2,431,751.58
66727WAA0 NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 CA 653,000 $4,407.75
66987V109 NOVARTIS AG- REG CH NVS 114,705 $10,831,593.15
670346105 NUCOR CORP US NUE 1,083 $57,604.77
6742340 SHANDONG WEIGAO CN 1066 HK 280,000 $633,476.34
674599EA9 OCCIDENTAL PETROLEUM COR 8.87500 07/15/2030 US 117,000 $137,328.75
675232AB8 OCEANEERING INTL INC 6.00000 02/01/2028 US 194,000 $173,387.50
6821506 SONY CORP FIRST SECTION JP 6758 JP 3,100 $312,381.07
68389X105 ORACLE CORP US ORCL 2,998 $193,940.62
691205AC2 OWL ROCK TECHNOLOGY FINA 4.75000 12/15/2025 US 150,000 $156,636.72
691205AE8 OWL ROCK TECHNOLOGY 3.75000 06/17/2026 US 1,200,000 $1,206,513.44
69121KAE4 OWL ROCK CAPITAL CORP 3.40000 07/15/2026 US 205,000 $207,935.30
69144AAA7 OXFIN 2020-1A A2 3.10100 02/15/2028 US 1,323,000 $1,354,089.71
69145AAB4 OXFIN 2019-1A A2 4.45900 02/15/2027 US 514,000 $531,796.84
69145LAA2 OXFORD FIN LLC/CO-ISS II 6.37500 12/15/2022 US 135,000 $134,662.50
69306RAA4 P&L DEV LLC/PLD 7.75000 11/15/2025 US 200,000 $215,000.00
69327RAJ0 PDC ENERGY INC 5.75000 05/15/2026 US 129,000 $133,192.50
693456AW5 PMTLT 2013-J1 a9 3.50000 09/25/2043 US 721,425.91 $737,705.32
693475105 PNC FINANCIAL SERVICES GROUP US PNC 638 $95,062.00
693506107 PPG INDUSTRIES INC US PPG 463 $66,773.86
69354NAC0 PRA GROUP INC 7.37500 09/01/2025 US 199,000 $214,920.00
69356MAA4 PM GENERAL PURCHASER LLC 9.50000 10/01/2028 US 170,000 $188,275.00
701094104 PARKER HANNIFIN CORP US PH 283 $77,092.03
7021963 DEUTSCHE BOERSE AG DE DB1 GR 4,390 $747,495.50
70450Y103 PAYPAL HOLDINGS INC US PYPL 27,980 $6,552,916.00
7123870 NESTLE SA-REGISTERED CH NESN SW 51,941 $6,140,013.84
713448108 PEPSICO INC US PEP 22,639 $3,357,363.70
717081103 PFIZER INC US PFE 8,002 $294,553.62
723787107 PIONEER NATURAL RESOURCES CO US PXD 50,175 $5,714,430.75
741503AZ9 BOOKING HOLDINGS INC 3.60000 06/01/2026 US 3,053,000 $3,469,903.12
74165HAB4 PRIME HEALTHCARE SERVICE 7.25000 11/01/2025 US 200,000 $212,500.00
74166MAC0 PRIME SECSRVC BRW/FINANC 5.75000 04/15/2026 US 145,000 $158,775.00
74331AAA0 2019- SFR4 CLASS A 2.68700 10/17/2036 US 1,200,000 $1,237,526.28
74333NAA0 PROGRESS RESIDENTIAL TRUST 3.14700 05/17/2036 US 1,236,657.87 $1,276,920.48
74340W103 PROLOGIS US PLD 15,990 $1,593,563.40
74460D109 PUBLIC STORAGE INC US PSA 2,608 $602,265.44
747525103 QUALCOMM INC US QCOM 1,480 $225,463.20
74834L100 QUEST DIAGNOSTICS INC US DGX 429 $51,123.93
750236AW1 RADIAN GROUP INC 4.87500 03/15/2027 US 265,000 $291,023.00
75513E101 RAYTHEON TECHNOLOGIES CORP US RTX 2,301 $164,544.51
756109104 REALTY INCOME CORP US O 2,715 $168,791.55
7591EP100 REGIONS FINANCIAL CORP. US RF 2,780 $44,813.60
76131D103 RESTAURANT BRANDS INTERN CA QSR 4,829 $295,100.19
76169C100 REXFORD INDUSTRIAL REALITY IN US REXR 5,434 $266,863.74
7698356 GETINGE AB-B SHS SE GETIB SS 29,560 $691,753.79
773903109 ROCKWELL AUTOMATION INC US ROK 288 $72,233.28
7792559 HEINEKEN NV NL HEIA NA 4,550 $507,047.05
780259107 ROYAL DUTCH SHELL PLC-ADR B NL RDS/B 40,404 $1,357,978.44
783513203 RYANAIR HOLDINGS - ADR IE RYAAY 34,953 $3,844,130.94
78409V104 S&P GLOBAL INC US SPGI 7,608 $2,500,977.84
78410G104 SBA COMMUNICATIONS CORP US SBAC 14,088 $3,974,647.44
78442PGC4 SLM CORP 5.12500 04/05/2022 US 309,000 $315,952.50
78442PGD2 SLM CORP 4.20000 10/29/2025 US 250,000 $264,062.50
78449UAB4 SMB 2020-A A2A MTGE 2.23000 09/15/2037 US 419,000 $434,836.73
78449XAA0 SMB 2020-BA A1A 1.29000 07/15/2053 US 1,737,012.78 $1,742,899.17
78490DAA2 SOFI 2018-C A1FX 3.08000 01/25/2048 US 13,306.25 $13,329.57
785592AV8 SABINE PASS LIQUEFACTION 5.87500 06/30/2026 US 2,839,000 $3,432,641.54
806857108 SCHLUMBERGER LTD NL SLB 96,760 $2,112,270.80
81141R100 SEA LTD - ADR SG SE 3,066 $610,287.30
81745BAB1 SEMT 2013-6 A2 3.00000 05/25/2043 US 1,213,766.69 $1,233,107.58
81745CAB9 SEMT 2013-7 A2 3.00000 06/25/2043 US 240,871.47 $244,712.05
81745EAA7 SEMT 2013-8 A1 3.00000 06/25/2043 US 314,278.99 $319,303.56
81745MAA9 SEMT 2013-2 1.87400 02/25/2043 US 285,516.79 $288,255.30
81748MAD0 SEMT 2020-1 A4 3.50000 02/25/2050 US 216,007.12 $218,002.83
81762P102 SERVICENOW INC US NOW 6,050 $3,330,101.50
83088M102 SKYWORKS SOLUTIONS INC US SWKS 344 $52,590.72
83192CAB3 SMB 2019-B A2A 2.84000 06/15/2037 US 2,400,000 $2,534,274.00
832696405 JM SMUCKER CO/THE-NEW COM WI US SJM 386 $44,621.60
83401BAB2 SOFI 2017-F A2FX 2.84000 01/25/2041 US 213,605.54 $218,334.38
83404RAB4 SOFI 2018-B A2FX MTGE 3.34000 08/25/2047 US 1,229,738.65 $1,265,701.25
83405TAA1 SCLP 2019-3 A MTGE 2.90000 05/25/2028 US 503,983.04 $509,282.62
83406CAA7 SCLP 2019-2 A MTGE 3.01000 04/25/2028 US 345,216.26 $348,691.79
83406TAB8 SOFI 2020-A A2FX MTGE 2.54000 05/15/2046 US 1,150,000 $1,188,267.17
835699307 SONY CORP SPONSORED ADR JP SNE 37,115 $3,752,326.50
837151XH7 SOUTH CAROLINA ST PUBLIC SVC 2.32900 12/01/2028 US 230,000 $240,637.50
844741BJ6 SOUTHWEST AIRLINES CO 5.25000 05/04/2025 US 2,027,000 $2,347,592.10
85172FAN9 SPRINGLEAF FINANCE CORP 7.12500 03/15/2026 US 144,000 $170,280.00
85254J102 STAG INDUSTRIAL INC US STAG 5,600 $175,392.00
854502101 STANLEY WORKS/THE US SWK 321 $57,317.76
85571BAL9 STARWOOD PROPERTY TRUST 4.75000 03/15/2025 US 214,000 $219,350.00
85571XAA5 SRPT 2014-STAR A FLTG RATE 1.62863 11/15/2027 US 1,278,104.61 $843,549.04
861036AA9 STL HOLDING CO LLC 7.50000 02/15/2026 US 260,000 $269,750.00
866674104 SUN COMMUNITIES US SUI 4,708 $715,380.60
86935CAA0 SCML 2019-SBC8 2.86000 04/25/2041 US 254,529.81 $256,928.91
87105L104 SWITCH INC - A US SWCH 25,347 $414,930.39
871829107 SYSCO CORP US SYY 1,132 $84,062.32
874039100 TAIWAN SEMICONDUCTOR - SP ADR TW TSM 3,325 $362,558.00
87422VAA6 TALEN ENERGY SUPPLY LLC 6.50000 06/01/2025 US 130,000 $105,950.00
87485LAA2 TALOS PRODUCTION INC 12.00000 01/15/2026 US 135,000 $131,350.95
87677QAA9 TXEZ 2016-1A 3.13100 06/15/2028 US 77,679.64 $77,853.32
87901JAE5 TEGNA INC 4.62500 03/15/2028 US 45,000 $46,012.50
88032WAN6 TENCENT HOLDINGS 3.97500 04/11/2029 KY 1,910,000 $2,176,219.14
88146M101 TERRENO REALTY CORP US TRNO 3,978 $232,752.78
882508104 TEXAS INSTRUMENTS INC US TXN 1,517 $248,985.21
883556102 THERMO FISHER SCIENTIFIC INC US TMO 7,140 $3,325,669.20
88579Y101 3M CO US MMM 1,030 $180,033.70
89151E109 TOTAL S A SPONSORED ADR FR TOT 40,146 $1,682,518.86
89173CAA5 TPMT 2016-5 A1 2.50000 10/25/2056 US 748,421.87 $762,971.72
89173FAA8 TPMT 2017-1 A1 2.75000 10/25/2056 US 929,835.23 $952,989.52
89177EAA7 TPMT 2019-HY1 A1 1.14800 10/25/2048 US 879,243.87 $882,661.05
89417E109 TRAVELLERS COS INC US TRV 562 $78,887.94
89613FAA6 TAH 2017-SFR2 A 2.92800 01/17/2036 US 1,246,623.37 $1,285,157.62
89613GAA4 TAH 2020-SFR1 A 1.49900 07/17/2038 US 2,146,000 $2,168,864.34
89832Q109 TRUIST FINANCIAL CORP US TFC 2,754 $131,999.22
901109AF5 TUTOR PERINI CORP 6.87500 05/01/2025 US 360,000 $352,800.00
902494103 TYSON FOODS INC -CL A US TSN 942 $60,702.48
902653104 UDR INC US UDR 8,838 $339,644.34
902973304 U.S. BANCORP US USB 2,890 $134,645.10
904767704 UNILEVER PLC - ADR GB UL 181,061 $10,928,841.96
907818108 UNION PAC CORP US UNP 1,127 $234,663.94
909214BV9 UNISYS CORP 6.87500 11/01/2027 US 125,000 $136,562.50
91086QBG2 UNITED MEXICAN STATES 4.12500 01/21/2026 MX 200,000 $229,750.00
912810QK7 US TREASURY N/BB 3.87500 08/15/2040 US 4,640,000 $6,650,062.48
912810RX8 US TREASURY N/B 3.00000 05/15/2047 US 13,400,000 $17,548,242.15
9128282A7 UNITED STATES TREAS NTS 1.50000 08/15/2026 US 52,434,000 $55,520,642.24
9128284P2 US TREASURY N/B 2.62500 05/15/2021 US 6,740,000 $6,801,607.78
912828XB1 UNITED STATES TREAS NTS 2.12500 05/15/2025 US 5,870,000 $6,335,472.69
912828ZJ2 TSY INFL IX N/B 0.12500 04/15/2025 US 6,310,580.8 $6,788,475.85
918204108 VF CORP US VFC 1,039 $88,740.99
91913Y100 VALERO ENERGY US VLO 1,072 $60,643.04
92343VCV4 VERIZON COMMUNICATIONS 4.27200 01/15/2036 US 2,820,000 $3,497,590.87
92532F100 VERTEX PHARMACEUTICALS INC US VRTX 19,435 $4,593,267.90
92556V106 VIATRIS INC US VTRS 914 $17,128.36
92826C839 VISA INC - CLASS A SHARES US V 51,587 $11,283,624.51
92826CAK8 VISA INC 2.70000 04/15/2040 US 2,452,000 $2,676,680.44
92837TAA0 AUSTIN BIDCO INC 7.12500 12/15/2028 US 35,000 $36,531.25
928668BE1 VOLKSWAGEN GROUP AMERICA 3.35000 05/13/2025 US 1,250,000 $1,374,193.81
929160109 VULCAN MATERIALS CO US VMC 24,090 $3,572,787.90
93065PAA9 WBHT 2019-WBM A FLT 1.20900 12/15/2033 US 1,496,000 $1,454,958.89
931142103 WAL MART STORES US WMT 2,934 $422,936.10
94106L109 WASTE MANAGEMENT INC US WM 934 $110,146.62
949746101 WELLS FARGO COMPANY US WFC 5,989 $180,748.02
95040Q104 WELLTOWER INC. US WELL 3,069 $198,318.78
962178AN9 TRI POINTE GROUP / HOMES 5.87500 06/15/2024 US 185,000 $201,927.50
96949LAD7 WILLIAMS PARTNERS LP 3.75000 06/15/2027 US 2,060,000 $2,350,535.35
97652TAA1 WIN 2015-1 A1 3.50000 01/20/2045 US 157,820.32 $161,950.00
98311A105 WYNDHAM HOTELS & RESORTS INC US WH 3,093 $183,847.92
98978V103 ZOETIS INC US ZTS 10,135 $1,677,342.50
B02J639 ADMIRAL GROUP PLC GB ADM LN 21,815 $862,605.53
B1KFX13 GRUPO AEROPORTUARIO DEL CENT MX OMAB MM 24,300 $156,757.26
B1Y47Y7 GERRESHEIMER AG DE GXI GR 2,370 $255,577.31
B1Y9TB3 DANONE FR BN FP 9,053 $595,743.16
B3QJ0H8 TOURMALINE OIL CORP CA TOU CN 57,520 $775,428.71
B3ZD2V9 MEX BONOS DESARR FIX RT 6.50000 06/10/2021 MX 3,112,000 $157,699.48
B4888C1 CANADIAN GOVERNMENT FLT 2.75000 06/01/2022 CA 358,000 $291,513.08
B4NDCC9 MEX BONOS DESARR FIX RT 6.50000 06/09/2022 MX 5,057,000 $261,628.82
B4YVF56 BRENNTAG AG DE BNR GR 6,515 $506,616.39
B63QM77 NEXON CO LTD JP 3659 JP 232,300 $7,167,594.81
B6TC406 MEX BONOS DESARR FIX RT 7.75000 05/29/2031 MX 972,000 $57,389.01
BBQ3850 KEYWORDS STUDIOS PLC IE KWS LN 4,783 $186,776.02
BD6K457 COMPASS GROUP PLC GB CPG LN 15,275 $284,899.48
BFZZM64 S4 CAPITAL PLC GB SFOR LN 77,045 $526,795.19
BGHQ198 HIBERNIA REIT PLC IE HBRN ID 98,686 $139,125.95
BH8295835 SAUDI INTERNATIONAL BOND 2.90000 10/22/2025 SA 200,000 $215,470.00
BHJYC05 INTERCONTINENTAL HOTELS GROUP GB IHG LN 2,235 $144,861.65
BJ2KSG2 AKZO NOBEL NL AKZA NA 2,005 $215,205.87
BK0939417 AMERICAN TANKER INC 7.75000 07/02/2025 US 235,000 $235,481.75
BMMV2K8 TENCENT HOLDINGS LTD CN 700 HK 112,045 $8,062,063.31
BMXKJ81 FLAGSHIP COMMUNITIES REIT UT US MHC/U CN 8,453 $124,766.28
BNGN9Z1 FINECOBANK SPA IT FBK IM 66,070 $1,089,627.74
BP9DL90 INDUSTRIA DE DISENO TEXTIL ES ITX SM 17,335 $550,210.07
BVYVFW2 AUTO TRADER GROUP PLC GB AUTO LN 34,640 $281,960.50
BW1YVH8 WALMART DE MEXICO SAB DE CV MX WALMEX* MM 12,756 $35,833.08
BYPC1T4 ASSA ABLOY AB-B SE ASSAB SS 11,805 $291,725.33
BYYHL23 ANHEUSER-BUSCH INBEV SA/NV BE ABI BB 28,919 $2,017,584.59
BZ0VW78 BINGO INDUSTRIES LTD AU BIN AU 155,495 $291,257.46
BZ1HM42 ADYEN NV NL ADYEN NA 110 $255,589.59
G0772R208 BANK OF N.T. BUTTERFIELD&SON BM NTB 8,583 $267,446.28
G1151C101 ACCENTURE PLC - CL A IE ACN 689 $179,973.69
G29183103 EATON CORP PLC US ETN 960 $115,334.40
G51502105 JOHNSON CONTROLS INTERNATIONAL US JCI 2,131 $99,283.29
G5494J103 LINDE PLC GB LIN 637 $167,855.87
G5960L103 MEDTRONIC INC IE MDT 40,485 $4,742,412.90
G85158106 STONECO LTD-A BR STNE 5,594 $469,448.48
G8994E103 TRANE TECHNOLOGIES IE TT 2,453 $356,077.48
G97822103 PERRIGO CO PLC IE PRGO 9,105 $407,175.60
H01301128 ALCON INC CH ALC 153,418 $10,122,519.64
H1467J104 CHUBB LTD CH CB 833 $128,215.36
H2906T109 GARMIN LTD CH GRMN 429 $51,334.14
N53745100 LYONDELLBASELL INDU-CL A US LYB 909 $83,318.94
ZO1818103 NAVIGATOR HOLDINGS LTD 8.00000 09/10/2025 MH 200,000 $206,000.00
ZO4110185 BROOGE PETROLEUM AND GAS 8.50000 09/24/2025 AE 200,000 $190,129.29

Investments will change over time.

Distributions

  • Pro-Blend® Extended Term Series Class W Distribution History
  • 2020 Distribution Calendar
  • Fourth Quarter 2020 Distributions
  • Third Quarter 2020 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

$19.95

Daily $ Change

$0.02

Daily % Change

0.10%

as of 01/14/2021

Ticker

MNBWX

CUSIP

56382R316

Inception Date

04/01/2019

This fund is only available to discretionary investment accounts and other accounts managed by 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 12/31/2020

YTD

---

1 Year

18.72%

3 Year

10.93%

5 Year

10.24%

10 Year

7.77%

Inception
(10/12/1993)

8.51%

Inception performance is based on the Pro-Blend® Extended Term Series Class S inception of 10/12/1993. For periods through 04/01/2019 (the inception date of the Class W shares), performance for the Class W shares is based on the historical performance of the Class S shares. Because the Class W 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 0.72%
Net 0.10%*

*Reflects the Advisor's contractual agreement to waive its management fee and limit and reimburse certain other expenses. These contractual waivers may not be amended or terminated without the prior approval of the Fund's Board of Directors. The Class W shares are only available to discretionary investment accounts and other accounts managed by the Advisor. These clients pay a management fee to the Advisor that is separate from the fund's expenses.

Top Ten Investments

As of 12/31/2020

TREASURY NOTES 11.15%
GOVERNMENT AGENCY 4.73%
TREASURY BONDS 2.60%
EXPEDIA INC 1.76%
VISA INC - CLASS A SHARES 1.67%
MASTERCARD INC-CLASS A 1.63%
UNILEVER PLC - ADR 1.62%
NOVARTIS AG- REG 1.60%
JOHNSON & JOHNSON 1.54%
ALPHABET INC-CL A 1.51%

This investment list is unaudited and excludes cash.

Asset Allocation

As of 12/31/2020

Stocks
59.64%
Bonds
39.19%
Cash
1.17%

Detailed Asset Class Allocation

As of 12/31/2020

International Equities
16.68%
Small Capitalization
2.36%
Mid Capitalization
9.24%
Large Capitalization
31.36%
Long Term Fixed Income
12.76%
Intermediate Term Fixed Income
24.82%
Short Term Fixed Income
1.61%
Cash
1.17%

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

December Fund Holdings

As of 12/31/2020

CUSIP Security Description Country Ticker Shares/Par Market Value (USD)
00206RDQ2 AT&T INC 4.25000 03/01/2027 US 936,000 $1,094,870.27
00287Y109 ABBVIE INC US ABBV 2,390 $256,088.50
00507V109 ACTIVISION INC US ATVI 60,550 $5,622,067.50
00653VAA9 ADAPTHEALTH LLC 6.12500 08/01/2028 US 190,000 $204,012.50
00774MAG0 AERCAP IRELAND CAP / GLOBA 4.45000 10/01/2025 IE 2,380,000 $2,651,027.57
00791GAA5 AG MERGER SUB II INC 10.75000 08/01/2027 US 208,000 $229,840.00
00842XAA7 AFFINITY GAMING 6.87500 12/15/2027 US 135,000 $141,451.65
008492100 AGREE REALTY CORP US ADC 5,271 $350,943.18
00912XAV6 AIR LEASE CORP 3.62500 04/01/2027 US 1,050,000 $1,125,276.66
00914AAB8 AIR LEASE CORP 3.75000 06/01/2026 US 1,241,000 $1,365,071.78
01166WAA5 ALASKA AIR 2020-1 CL B 8.00000 08/15/2025 US 237,000 $257,441.77
01609W102 ALIBABA GROUP - ADR CN BABA 22,480 $5,231,770.40
01609WAT9 ALIBABA GROUP HOLDING 3.40000 12/06/2027 KY 2,750,000 $3,078,628.71
020002101 ALLSTATE CORPORATION US ALL 688 $75,631.84
02079K305 ALPHABET INC-CL A US GOOGL 5,804 $10,172,322.56
023135106 AMAZON.COM INC US AMZN 2,993 $9,747,991.49
0237400 DIAGEO PLC GB DGE LN 85,751 $3,393,060.99
024835100 AMERICAN CAMPUS COMMUNITIES US ACC 6,325 $270,520.25
025816109 AMERICAN EXPRESS CO US AXP 37,022 $4,476,330.02
02665T306 AMERICAN HOMES 4 RENT- A US AMH 16,553 $496,590.00
03027X100 AMERICAN TOWER REIT INC US AMT 18,024 $4,045,667.04
03027XAW0 AMERICAN TOWER CORP 3.80000 08/15/2029 US 2,656,000 $3,087,965.55
03064D108 AMERICOLD REALTY TRUST US COLD 14,405 $537,738.65
03217CAA4 AMS AG 7.00000 07/31/2025 AT 255,000 $276,675.00
032654105 ANALOG DEVICES INC US ADI 631 $93,217.63
03690AAD8 ANTERO MIDSTREAM PART / FI 5.75000 03/01/2027 US 227,000 $223,027.50
03690AAF3 ANTERO MIDSTREAM PART/FI 5.75000 01/15/2028 US 138,000 $132,507.60
03690EAA6 ANTERO MIDSTREAM PART/FI 7.87500 05/15/2026 US 55,000 $56,791.90
03750L109 APARTMENT INCOME REIT CO US AIRC 5,700 $218,937.00
03784Y200 APPLE HOSPITALITY REIT INC US APLE 21,251 $274,350.41
039483102 ARCHER-DANIELS-MIDLAND CO US ADM 1,384 $69,767.44
04364VAR4 ASCENT RESOURCES 8.25000 12/31/2028 US 125,000 $124,687.50
045054AJ2 ASHTEAD CAPITAL INC 4.00000 05/01/2028 US 1,130,000 $1,200,218.20
053015103 AUTOMATIC DATA PROCESSING US ADP 598 $105,367.60
053484101 AVALONBAY COMMUNITIES INC US AVB 1,689 $270,966.27
05401AAJ0 AVOLON HOLDINGS FNDG LTD 3.25000 02/15/2027 KY 1,309,000 $1,335,596.58
055622104 BP PLC-SPONS ADR GB BP 75,860 $1,556,647.20
05604LAA0 BWAY 2015-1740 A 2.91700 01/10/2035 US 2,411,000 $2,459,244.11
05722G100 BAKER HUGHES CO US BKR 2,941 $61,319.85
060505104 BANK OF AMERICA CORP US BAC 9,397 $284,823.07
06051GFM6 BANK OF AMERICA CORP 4.00000 01/22/2025 US 1,447,000 $1,625,967.14
071734AH0 BAUSCH HEALTH COS INC 5.00000 01/30/2028 CA 203,000 $209,199.62
084423102 WR BERKLEY CORP US WRB 68,140 $4,525,858.80
084670702 BERKSHIRE HATHAWAY INC-CL B US BRK/B 31,317 $7,261,472.79
086516101 BEST BUY INC US BBY 781 $77,935.99
09061G101 BIOMARIN PHARMACEUTICAL INC US BMRN 48,016 $4,210,523.04
0963318 DECHRA PHARMACEUTICALS PLC GB DPH LN 6,780 $319,315.73
105368203 BRANDYWINE REALTY TRUST US BDN 13,835 $164,774.85
110122108 BRISTOL MYERS SQUIBB CO US BMY 3,239 $200,915.17
116ESCAD6 BRUIN E&P PARTNERS LLC 0.00000 08/01/2023 US 683,000 $68.30
12467AAF5 C&S GROUP ENTERPRISES LL 5.00000 12/15/2028 US 205,000 $204,401.40
12503M108 CBOE GLOBAL MARKETS INC US CBOE 19,322 $1,799,264.64
12510GAB8 CCG 2019-1 A2 2.80000 09/14/2026 US 221,049.44 $224,462.13
12514G108 CDW CORP/DE US CDW 24,810 $3,269,709.90
12530MAA3 SORT 2020-1 A1 MTGE 1.69000 07/15/2060 US 882,800.42 $899,233.84
12530MAB1 SORT 2020-1 A2 1.99000 07/15/2060 US 822,071.41 $832,567.70
12541W209 C.H. ROBINSON WORLDWIDE INC US CHRW 497 $46,653.39
12555DAA3 CIM 2019-INV1 A1 4.00000 02/25/2049 US 280,566.07 $288,415.47
12572Q105 CME GROUP INC US CME 10,252 $1,866,376.60
12646XAH5 CSMC 2013-IVR3 A1 2.50000 05/25/2043 US 387,141.8 $394,093.20
12648TAA7 CSMC 2014-IVR3 A1 3.50000 07/25/2044 US 154,793.76 $158,611.70
12654TAA8 CNX MIDSTREAM PTR/CNX 6.50000 03/15/2026 US 153,000 $155,677.50
127097103 CABOT OIL & GAS CORP US COG 403,468 $6,568,459.04
133131102 CAMDEN PROPERTY TRUST US CPT 3,435 $343,225.20
133131AZ5 CAMDEN PROPERTY TRUST 2.80000 05/15/2030 US 325,000 $360,931.68
13321L108 CAMECO CORP CA CCJ 298,587 $4,001,065.80
14174T107 CARETRUST REIT INC US CTRE 6,940 $153,929.20
149123101 CATERPILLAR INC US CAT 1,043 $189,846.86
14980AAA0 CAZENOVIA CREEK FUNDING LLC 3.56070 07/15/2030 US 449,456.34 $451,365.63
16119P108 CHARTER COMMUNICATIONS INC-A US CHTR 11,763 $7,781,812.65
165183AL8 CFII 2017-2A A1 1.99000 05/15/2029 US 237,171.1 $237,378.55
165183BB9 CFII 2017-4A A1 2.12000 11/15/2029 US 278,237.41 $279,827.54
172062101 CINCINNATI FINANCIAL CORP US CINF 357 $31,191.09
17275R102 CISCO SYSTEMS INC US CSCO 5,793 $259,236.75
172967424 CITIGROUP INC US C 2,908 $179,307.28
172967KA8 CITIGROUP INCA 4.45000 09/29/2027 US 1,960,000 $2,316,990.83
180848P56 CLARK CNTY NV 1.51000 11/01/2028 US 2,340,000 $2,360,264.40
191216100 COCA COLA CO/THE US KO 123,254 $6,759,249.36
194162103 COLGATE-PALMOLIVE CO US CL 1,734 $148,274.34
20030N101 COMCAST CORP-CL A US CMCSA 4,600 $241,040.00
20030NCY5 COMCAST CORP 3.25000 11/01/2039 US 2,620,000 $2,974,711.08
20268CAA6 CBSLT 2019-AGS A1 MTGE 2.54000 01/25/2047 US 1,396,455.4 $1,431,655.71
20369C106 COMMUNITY HEALTHCARE TRUST I US CHCT 5,630 $265,229.30
20449X401 COMPASS GROUP PLC ADR GB CMPGY 175,862 $3,293,895.26
205887102 CONAGRA BRAND INC. US CAG 1,507 $54,643.82
20605P101 CONCHO RESOURCES INC US CXO 84,568 $4,934,542.80
20825C104 CONOCOPHILLIPS US COP 66,235 $2,648,737.65
21036P108 CONSTELLATION BRANDS INC-A US STZ 344 $75,353.20
21240E105 CONTROLADORA VUELA CIA DE AV MX VLRS 31,840 $395,452.80
217204106 COPART INC US CPRT 30,750 $3,912,937.50
222795502 COUSINS PROPERTIES INC US CUZ 15,272 $511,612.00
22534GAA1 CAALT 2020-1A 2.01000 02/15/2029 US 368,000 $376,246.73
22822V101 CROWN CASTLE INTL CORP US CCI 3,221 $512,750.99
22822VAN1 CROWN CASTLE INTL CORP 3.10000 11/15/2029 US 1,306,000 $1,439,125.74
22944PAA5 CSMC 2013-TH1 A1 2.13000 02/25/2043 US 251,223.8 $255,770.70
229663109 CUBESMART US CUBE 5,735 $192,753.35
231021106 CUMMINS INC US CMI 409 $92,883.90
253868103 DIGITAL REALTY TRUST INC US DLR 5,230 $729,637.30
256746108 DOLLAR TREE STORES INC US DLTR 30,975 $3,346,539.00
25746UDG1 DOMINION ENERGY 3.37500 04/01/2030 US 1,560,000 $1,776,988.00
25960P109 DOUGLAS EMMETT INC US DEI 8,246 $240,618.28
260003108 DOVER CORP US DOV 335 $42,293.75
262006208 DREYFUS GVT CSH MANAGEMENT US 7,982,511.94 $7,982,511.94
26439XAC7 DCP MIDSTREAM OPERATING 8.12500 08/16/2030 US 178,000 $227,395.00
264411505 DUKE RLTY INVTS INC US DRE 11,080 $442,867.60
26875P101 EOG RESOURCES INC US EOG 77,164 $3,848,168.68
26884L109 EQT CORP US EQT 234,420 $2,979,478.20
26884LAG4 EQT CORP 8.75000 02/01/2030 US 165,000 $202,125.00
2715777 QUEBECOR INC -CL B CA QBR/B CN 28,020 $721,136.93
285512109 ELECTRONIC ARTS US EA 25,970 $3,729,292.00
291011104 EMERSON ELEC CO US EMR 1,510 $121,358.70
29273RAR0 ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 US 2,580,000 $3,147,563.26
29275YAC6 ENERSYS 4.37500 12/15/2027 US 25,000 $26,437.50
29444U700 EQUINIX INC US EQIX 9,617 $6,868,269.06
29472R108 EQUITY LIFESTYLE PROPERTIES US ELS 7,846 $497,122.56
297178105 ESSEX PROPERTY TRUST INC US ESS 843 $200,145.06
30212P303 EXPEDIA INC US EXPE 89,860 $11,897,464.00
30212PAS4 EXPEDIA GROUP INC 6.25000 05/01/2025 US 1,035,000 $1,199,669.11
30225T102 EXTRA SPACE STORAGE INC US EXR 1,215 $140,769.90
30231G102 EXXON MOBIL CORP US XOM 105,724 $4,357,943.28
302491303 FMC CORP US FMC 30,778 $3,537,315.54
30264DAA7 FS ENERGY & POWER FUND 7.50000 08/15/2023 US 184,000 $175,490.00
30287EAE0 FREMF 2014-K41 B FLT 3.83296 11/25/2047 US 1,731,000 $1,899,910.11
30291HAA5 FREMF 2013-K28 X2A 0.10000 06/25/2046 US 73,543,338.8 $116,485.29
30291XAE2 FREMF 2014-K715 B FLT 3.97160 02/25/2046 US 1,279,000 $1,277,817.44
30303M102 FACEBOOK INC -A US FB 36,967 $10,097,905.72
311900104 FASTENAL CO US FAST 1,677 $81,887.91
3128M5VT4 FHLM POOL G03926 6.00000 02/01/2038 US 77,491.18 $91,879.64
3128M6NC8 FHLM POOL G04587 5.50000 08/01/2038 US 438,082.81 $515,177.73
3128M6NS3 FHLM POOL G04601 5.50000 07/01/2038 US 471,547.13 $552,132.91
3128M6SU3 FHLM POOL G04731 5.50000 04/01/2038 US 125,077.55 $146,914.48
3128M73P9 FHLM POOL G05906 6.00000 04/01/2040 US 84,703.42 $100,533.43
3128MB4Q7 FHLM POOL G13331 5.50000 10/01/2023 US 2,442.79 $2,529.29
3128MBDP9 FHLM POOL G12610 6.00000 03/01/2022 US 3,405.35 $3,452.29
3128MBE45 FHLM POOL G12655 6.00000 05/01/2022 US 2,556.96 $2,600.89
3128MBRH2 FHLM POOL G12988 6.00000 01/01/2023 US 2,943.52 $3,033.46
3128MBUB1 FHLM POOL G13078 6.00000 03/01/2023 US 4,467.4 $4,596.17
3128MJJT8 FHLM POOL G08273 5.50000 06/01/2038 US 156,251.62 $183,747.69
3128P75X7 FHLM POOL C91762 4.50000 05/01/2034 US 390,871.24 $432,178.10
3128P76G3 FHLM POOL C91771 4.50000 06/01/2034 US 319,894.52 $353,707.64
3128P76R9 FHLM POOL C91780 4.50000 07/01/2034 US 430,964.21 $476,511.22
3132DWAG8 FEDERAL NATL MTG ASSN FR SD8107 2.50000 11/01/2050 US 3,168,554.82 $3,343,035.25
3132QQFU1 FHLM POOL Q33778 4.00000 06/01/2045 US 492,004.83 $541,512.42
31335AFY9 FHLM POOL G60183 4.00000 12/01/2044 US 305,117.35 $332,532.92
3135G05Y5 FANNIE MAE 0.75000 10/08/2027 US 6,550,000 $6,575,472.56
3136AY6W8 FNA 2017-M15 A1 FLT 2.95934 09/25/2027 US 1,534,900.62 $1,663,036.12
3136B1YD0 FNR 2018-31 KP 3.50000 07/25/2047 US 308,743.86 $319,800.16
3137ADTK3 FHMS K014 X1 FLT 1.17813 04/25/2021 US 6,592,006.13 $7,698.14
3137AJMG6 FMHS K016 X1 FLT 1.48098 10/25/2021 US 3,497,468.34 $18,002.52
3137AME78 FHMS K017 X1 FLT 1.28567 12/25/2021 US 18,848,402.43 $129,245.38
3137AUPF0 FHMS K021 x1 FLT 1.40440 06/25/2022 US 10,324,282.97 $152,493.79
3137B3NB0 FHMS K030 X1 FLT 0.16985 04/25/2023 US 41,296,803.72 $144,778.33
3137B4GZ3 FHMS K032 X1 FLT 0.08901 05/25/2023 US 26,571,769.84 $66,849.26
3137F4YU0 FHR 4791 BA MTGE 4.00000 03/15/2044 US 292,194.05 $295,668.94
3137FG2L8 FHR 4801 BA MTGE 4.50000 05/15/2044 US 144,534.28 $145,757.81
3138AJXA5 FEDERAL NATL MTG ASSN A15172 4.00000 08/01/2041 US 418,234.82 $460,978.42
3138EGE26 FEDERAL NATL MTG ASSN AL0152 6.00000 06/01/2040 US 383,687.29 $453,388.77
3138EGHT4 FEDERAL NATL MTG ASSN AL0241 4.00000 04/01/2041 US 565,929.3 $623,769.83
3138EHR87 FEDERAL NATL MTG ASSN AL1410 4.50000 12/01/2041 US 679,843.36 $763,364.52
3138EHXZ0 FEDERAL NATL MTG ASSN AL1595 6.00000 01/01/2040 US 188,373.23 $223,053.31
3138EQST0 FEDERAL NATL MTG ASSN AL7729 4.00000 06/01/2043 US 396,029.25 $432,574.49
3138ETT89 FEDERAL NATL MTG ASSN AL8674 FLT 5.64100 01/01/2049 US 1,285,647.88 $1,507,054.71
3138WDRZ6 FEDERAL NATL MTG ASSN AS4103 4.50000 12/01/2044 US 451,893.46 $501,335.25
3138Y6Y81 FEDERAL NATL MTG ASSN AX5234 4.50000 11/01/2044 US 331,890.7 $366,620.47
3140E2GZ8 FEDERAL NATL MTG ASSN AZ9215 4.00000 10/01/2045 US 325,536.28 $351,904.99
3140F2QS2 FEDERAL NATL MTG ASSN BC6764 3.50000 04/01/2046 US 367,422.35 $392,739.32
3140FEX33 FEDERAL NATL MTG ASSN BD6997 4.00000 10/01/2046 US 418,366.36 $451,298.74
3140FTWF4 FEDERAL NATL MTG ASSN BE7845 4.50000 02/01/2047 US 256,559.44 $280,703.73
31410FSE6 FEDERAL NATL MTG ASSN 888017 6.00000 11/01/2021 US 1,470.28 $1,481.85
31410FV51 FEDERAL NATL MTG ASSN 888136 6.00000 12/01/2021 US 2,264.46 $2,289.13
31410GCD3 FEDERAL NATL MTG ASSN 888468 5.50000 09/01/2021 US 5,152.94 $5,172.52
31410GN33 FEDERAL NATL MTG ASSN 888810 5.50000 11/01/2022 US 6,559.11 $6,594.64
31410KJV7 FEDERAL NATL MTG ASSN 889576 6.00000 04/01/2038 US 194,732.9 $230,583.52
31410KJY1 FEDERAL NATL MTG ASSN 889579 6.00000 05/01/2038 US 155,170.8 $183,319.78
31411JXP6 FEDERAL NATL MTG ASSN 909786 5.50000 03/01/2037 US 65,108.63 $76,137.15
31415VXY6 FEDERAL NATL MTG ASSN 990895 5.50000 10/01/2023 US 7,101.4 $7,347.93
31416BRR1 FEDERAL NATL MTG ASSN 995196 6.00000 07/01/2038 US 9,123.51 $10,847.05
31416BSW9 FEDERAL NATL MTG ASSN 995233 5.50000 10/01/2021 US 16.63 $16.69
31416BVW5 FEDERAL NATL MTG ASSN 995329 5.50000 12/01/2021 US 2,542.2 $2,558.17
31417YJC2 FEDERAL NATL MTG ASSN MA0258 4.50000 12/01/2039 US 361,022.97 $403,956.11
31418BBC9 FEDERAL NATL MTG ASSN MA1834 4.50000 02/01/2034 US 540,059.79 $596,999.14
31418BDH6 FEDERAL NATL MTG ASSN MA1903 4.50000 05/01/2034 US 303,339.85 $335,327.84
31418CYJ7 FEDERAL NATL MTG ASSN FN MA3412 3.50000 07/01/2038 US 746,769.71 $790,821.35
31418CZ56 FEDERAL NATL MTG ASSN FN MA3463 4.00000 09/01/2033 US 673,951.92 $714,495.53
31418DU59 FEDERAL NATL MTG FN MA4203 2.50000 12/01/2040 US 3,370,812.11 $3,559,919.29
31418DU67 FEDERAL NATL MTG ASSN FN MA4204 2.00000 12/01/2040 US 3,418,847.49 $3,551,786.71
31418MG63 FEDERAL NATL MTG ASSN AD0220 6.00000 10/01/2038 US 15,391.44 $18,337.82
31418MGR7 FEDERAL NATL MTG ASSN AD0207 6.00000 10/01/2038 US 497,727.64 $590,577.88
31418MKV3 FEDERAL NATL MTG ASSN AD0307 5.50000 01/01/2039 US 311,851.8 $366,613.99
31418MQQ8 FEDERAL NATL MTG ASSN AD0462 5.50000 10/01/2024 US 6,331.33 $6,682.68
316773100 FIFTH THIRD BANCORP US FITB 1,931 $53,237.67
32054K103 FIRST INDUSTRIAL REALTY TR US FR 7,784 $327,939.92
34461LAA2 FONTAINEBLEAU MIAMI BEACH TRUST 3.14400 12/10/2036 US 1,571,000 $1,646,197.17
345370CW8 FORD MOTOR COMPANY 9.00000 04/22/2025 US 50,000 $61,300.50
345397XU2 FORD MOTOR CREDIT CO LLC 4.38900 01/08/2026 US 200,000 $209,936.00
346232AE1 FORESTAR GROUP INC 5.00000 03/01/2028 US 133,000 $137,322.50
34960PAC5 FORTRESS TRANS & INFRAST 9.75000 08/01/2027 US 133,000 $152,451.25
35166FAA0 FOXTROT ESCROW ISSUER 12.25000 11/15/2026 US 148,000 $168,720.00
36257MAA3 GSMS 2019-70P A 1.15900 10/15/2036 US 1,589,000 $1,549,147.72
369550108 GENERAL DYNAMICS CORP US GD 590 $87,803.80
369604BQ5 GENERAL ELECTRIC CO 5.00000 01/21/2021 US 2,354,000 $2,189,808.50
370334104 GENERAL MLS INC US GIS 1,530 $89,964.00
372460105 GENUINE PARTS CO US GPC 492 $49,411.56
37255LAA5 GENWORTH MORTGAGE HLDING 6.50000 08/15/2025 US 260,000 $281,450.00
374297109 GETTY REALTY CORP US GTY 7,994 $220,154.76
375558103 GILEAD SCIENCES INC US GILD 2,221 $129,395.46
38379RRX3 GNR 2017-54 AH MTGE 2.60000 12/16/2056 US 1,380,192.63 $1,448,366.97
383909AF5 WR GRACE & CO-CONN 5.62500 10/01/2024 US 125,000 $134,843.75
384802104 WW GRAINGER INC US GWW 121 $49,409.14
388689101 GRAPHIC PACKAGING HOLDING CO US GPK 409,656 $6,939,572.64
400506101 GRUPO AEROPORTUARIO PAC-ADR MX PAC 1,919 $213,565.51
40051E202 GRUPO AEROPORTUARIO DEL SURESTE MX ASR 1,152 $189,999.36
4012250 AIRBUS SE FR AIR FP 1,907 $209,282.20
4031976 ADIDAS AG DE ADS GR 780 $283,767.87
404119BX6 HCA INC 4.12500 06/15/2029 US 1,498,000 $1,737,802.22
416515104 HARTFORD FINL SVCS US HIG 969 $47,461.62
418751AD5 HAT HOLDINGS I LLC/HAT 3.75000 09/15/2030 US 144,000 $149,400.00
419792A22 HAWAII ST 2.68200 10/01/2030 US 1,795,000 $1,869,474.55
419792ZN9 HAWAII ST 1.11200 10/01/2026 US 1,160,000 $1,181,761.60
421946104 HEALTHCARE REALTY TRUST INC US HR 8,744 $258,822.40
42225P501 HEALTHCARE TRUST OF AMERICA US HTA 10,866 $299,249.64
42250P103 HEALTHPEAK PROPERTIES INC US PEAK 14,601 $441,388.23
423012301 HEINEKEN NV-SPN ADR NL HEINY 70,815 $3,954,309.60
427866108 HERSHEY CO/THE US HSY 533 $81,191.89
431571AB4 HILLENBRAND INC 5.00000 09/15/2026 US 125,000 $140,156.25
43300A203 HILTON WORLDWIDE HOLDINGS INC US HLT 18,773 $2,088,683.98
437076102 HOME DEPOT INC US HD 1,390 $369,211.80
438516106 HONEYWELL INTERNATIONAL INC US HON 1,189 $252,900.30
440452100 HORMEL FOODS CORP US HRL 1,041 $48,521.01
443201AA6 HOWMET AEROSPACE INC 6.87500 05/01/2025 US 115,000 $134,550.00
443628AH5 HUDBAY MINERALS INC 6.12500 04/01/2029 CA 130,000 $140,075.00
444454AD4 HUGHES SATELLITE SYSTEMS 5.25000 08/01/2026 US 134,000 $147,902.50
450913AF5 IAMGOLD CORP 5.75000 10/15/2028 CA 165,000 $167,475.00
45168D104 IDEXX LABORATORIES INC US IDXX 7,605 $3,801,511.35
452308109 ILLINOIS TOOL WKS INC US ITW 665 $135,580.20
45337C102 INCYTE CORP US INCY 22,966 $1,997,582.68
45569LAA9 INDIGO NATURAL RES LLC 6.87500 02/15/2026 US 148,000 $151,330.00
45682RAA8 INFRABUILD AUSTRALIA PTY 12.00000 10/01/2024 AU 214,000 $216,407.50
45778Q107 INSPERITY INC US NSP 39,479 $3,214,380.18
458140100 INTEL CORP US INTC 5,710 $284,472.20
45866F104 INTERCONTINENTALEXCHANGE INC US ICE 67,052 $7,730,425.08
459200101 INTERNATIONAL BUSINESS MACH CORP US IBM 1,463 $184,162.44
459506101 INTERNATIONAL FLVRS & FRAGRANCES US IFF 253 $27,536.52
46116VAE5 INTL FC STORE INC 8.62500 06/15/2025 US 282,000 $306,675.00
46187BAA1 IHSFR 2017-SFR2 A 1.00300 12/17/2036 US 600,007.39 $598,543.85
46187BAB9 IHSFR 2017-SFR2 B 1.30300 12/17/2036 US 493,000 $491,806.50
46187W107 INVITATION HOMES INC US INVH 25,915 $769,675.50
46284VAN1 IRON MOUNTAIN INC 4.50000 02/15/2031 US 148,000 $155,030.00
465410BX5 ITALY GOV'T INT BOND 2.37500 10/17/2024 IT 871,000 $915,910.76
46625H100 JP MORGAN CHASE & CO US JPM 3,054 $388,071.78
46639GAL0 JPMMT 2013-1 1A2 3.00000 03/25/2043 US 186,188.82 $188,839.31
46640BAC8 JPMMT 2013-2 A2 3.50000 05/25/2043 US 208,508.76 $212,619.49
46641YAA1 JPMMT 2014-2 1A1 3.00000 06/25/2029 US 448,394.71 $458,601.88
46647PBP0 JPMORGAN CHASE & CO 2.95600 05/13/2031 US 2,551,000 $2,797,403.62
46647SAJ9 JPMMT 2017-3 1A5 3.50000 08/25/2047 US 118,469.27 $118,547.64
46648HAC7 JPMMT 2017-2 A3 3.50000 05/25/2047 US 322,722.38 $329,592.95
46649HAE2 JPMMT 2017-6 A5 3.50000 12/25/2048 US 239,278.65 $239,979.35
478160104 JOHNSON & JOHNSON US JNJ 66,231 $10,423,434.78
47987LAA9 JONAH NRG LLC/FINANCE 7.25000 10/15/2025 US 579,000 $5,664.94
48088LAB3 JOSEPH T RYERSON & SON 8.50000 08/01/2028 US 117,000 $132,502.50
482480100 KLA-TENCOR CORPORATION US KLAC 425 $110,036.75
487526AB1 KEHE DISTRIBUTORS LLC/FI 8.62500 10/15/2026 US 214,000 $240,215.00
49427F108 KILROY REALTY CORP US KRC 6,688 $383,891.20
494368103 KIMBERLY CLARK CORP US KMB 756 $101,931.48
494550AW6 KINDER MORGAN ENER PART 6.95000 01/15/2038 US 2,007,000 $2,746,197.45
501044101 KROGER CO US KR 2,154 $68,411.04
50212YAC8 LPL HOLDINGS INC 4.62500 11/15/2027 US 130,000 $134,550.00
505742AG1 LADDER CAP FIN LLLP/CORP 5.25000 10/01/2025 US 255,000 $254,362.50
5107401 BEIERSDORF AG DE BEI GR 3,685 $423,626.18
512816109 LAMAR ADVERTISING CO-A US LAMR 2,609 $217,120.98
53223X107 LIFE STORAGE INC US LSI 2,584 $308,503.76
532457108 ELI LILLY & CO US LLY 1,008 $170,190.72
539830109 LOCKHEED MARTIN CORP US LMT 478 $169,680.44
541056AA5 LOGAN MERGER SUB INC 5.50000 09/01/2027 US 119,000 $124,652.50
54240F202 LONESTAR RES US INC NPV US 8,717 $15,864.94
550021109 LULULEMON - ADR CA LULU 843 $293,389.29
552848AG8 MGIC INVESTMENT CORP 5.25000 08/15/2028 US 209,000 $223,630.00
55303XAL9 MGM GROWTH/MGM FINANCE 3.87500 02/15/2029 US 135,000 $138,037.50
56585A102 MARATHON PETROLEUM CORP US MPC 1,791 $74,075.76
573284106 MARTIN MARIETTA MATERIALS US MLM 6,690 $1,899,759.30
57636Q104 MASTERCARD INC-CLASS A US MA 30,917 $11,035,513.98
577128AA9 MATTHEWS INTERNATIONAL C 5.25000 12/01/2025 US 205,000 $207,050.00
5852842 ACCOR SA FR AC FP 4,150 $150,565.30
58933Y105 MERCK & CO INC US MRK 3,444 $281,719.20
594918104 MICROSOFT CORP US MSFT 32,450 $7,217,529.00
595112103 MICRON TECHNOLOGY INC US MU 101,760 $7,650,316.80
59522J103 MID-AMERICA APARTMENT COMM US MAA 4,651 $589,235.19
609207105 MONDELEZ INTERNATIONAL INC US MDLZ 122,175 $7,143,572.25
615369105 MOODY'S CORPORATION US MCO 10,529 $3,055,936.96
61965RAA3 MOSS CREEK RESOURCES HLD 7.50000 01/15/2026 US 209,000 $158,840.00
62913TAJ1 NGL ENRGY PART LP/FIN CO 7.50000 11/01/2023 US 185,000 $131,003.13
6321954 TRAVELSKY TECHNOLOGY LTD-H CN 696 HK 198,000 $478,350.73
63938CAH1 NAVIENT CORP 6.75000 06/25/2025 US 192,000 $208,800.00
63938EAC8 NAVSL 2014-1 A3 FLT 0.65800 06/25/2031 US 294,072.57 $287,547.22
63938NAF1 NAVIOS SA LOGIST/FIN US 10.75000 07/01/2025 MUL 113,000 $120,910.00
63940YAA4 NAVSL 2019-CA A1 2.82000 02/15/2068 US 28,768.35 $28,836.03
63941XAA5 NAVSL 2020-FA A 1.22000 07/15/2069 US 1,420,320.78 $1,434,239.92
64032XAA3 NSLT 2012-3A A MTGE FLT 0.84800 02/25/2045 US 307,951.05 $304,076.50
64033GAA9 NSLT 2013-5A A MTGE FLT 0.77800 01/25/2037 US 305,541.31 $302,035.96
64033QAB5 NSLT 2015-2A A2 0.74800 09/25/2047 US 2,692,028.41 $2,646,314.81
64110D104 NETAPP INC US NTAP 648 $42,923.52
644393AA8 NEW FORTRESS ENERGY INC 6.75000 09/15/2025 US 268,000 $284,664.24
64829DAG1 NRZT 2014-3A AFX3 3.75000 11/25/2054 US 328,042.61 $351,454.03
64829EAA2 NRZT 2015-2A A1 3.75000 08/25/2055 US 465,856.65 $496,426.21
64829LAA6 NRZT 2016-4A A1 3.75000 11/25/2056 US 523,815.34 $558,138.29
64971XPG7 NEW YORK CITY NY TRANSITIONALFIN 1.58000 05/01/2024 US 635,000 $654,183.35
655844108 NORFOLK SOUTHN CORP US NSC 14,941 $3,550,131.01
6642321 NIKON CORP JP 7731 JP 384,900 $2,431,751.58
66727WAA0 NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 CA 653,000 $4,407.75
66987V109 NOVARTIS AG- REG CH NVS 114,705 $10,831,593.15
670346105 NUCOR CORP US NUE 1,083 $57,604.77
6742340 SHANDONG WEIGAO CN 1066 HK 280,000 $633,476.34
674599EA9 OCCIDENTAL PETROLEUM COR 8.87500 07/15/2030 US 117,000 $137,328.75
675232AB8 OCEANEERING INTL INC 6.00000 02/01/2028 US 194,000 $173,387.50
6821506 SONY CORP FIRST SECTION JP 6758 JP 3,100 $312,381.07
68389X105 ORACLE CORP US ORCL 2,998 $193,940.62
691205AC2 OWL ROCK TECHNOLOGY FINA 4.75000 12/15/2025 US 150,000 $156,636.72
691205AE8 OWL ROCK TECHNOLOGY 3.75000 06/17/2026 US 1,200,000 $1,206,513.44
69121KAE4 OWL ROCK CAPITAL CORP 3.40000 07/15/2026 US 205,000 $207,935.30
69144AAA7 OXFIN 2020-1A A2 3.10100 02/15/2028 US 1,323,000 $1,354,089.71
69145AAB4 OXFIN 2019-1A A2 4.45900 02/15/2027 US 514,000 $531,796.84
69145LAA2 OXFORD FIN LLC/CO-ISS II 6.37500 12/15/2022 US 135,000 $134,662.50
69306RAA4 P&L DEV LLC/PLD 7.75000 11/15/2025 US 200,000 $215,000.00
69327RAJ0 PDC ENERGY INC 5.75000 05/15/2026 US 129,000 $133,192.50
693456AW5 PMTLT 2013-J1 a9 3.50000 09/25/2043 US 721,425.91 $737,705.32
693475105 PNC FINANCIAL SERVICES GROUP US PNC 638 $95,062.00
693506107 PPG INDUSTRIES INC US PPG 463 $66,773.86
69354NAC0 PRA GROUP INC 7.37500 09/01/2025 US 199,000 $214,920.00
69356MAA4 PM GENERAL PURCHASER LLC 9.50000 10/01/2028 US 170,000 $188,275.00
701094104 PARKER HANNIFIN CORP US PH 283 $77,092.03
7021963 DEUTSCHE BOERSE AG DE DB1 GR 4,390 $747,495.50
70450Y103 PAYPAL HOLDINGS INC US PYPL 27,980 $6,552,916.00
7123870 NESTLE SA-REGISTERED CH NESN SW 51,941 $6,140,013.84
713448108 PEPSICO INC US PEP 22,639 $3,357,363.70
717081103 PFIZER INC US PFE 8,002 $294,553.62
723787107 PIONEER NATURAL RESOURCES CO US PXD 50,175 $5,714,430.75
741503AZ9 BOOKING HOLDINGS INC 3.60000 06/01/2026 US 3,053,000 $3,469,903.12
74165HAB4 PRIME HEALTHCARE SERVICE 7.25000 11/01/2025 US 200,000 $212,500.00
74166MAC0 PRIME SECSRVC BRW/FINANC 5.75000 04/15/2026 US 145,000 $158,775.00
74331AAA0 2019- SFR4 CLASS A 2.68700 10/17/2036 US 1,200,000 $1,237,526.28
74333NAA0 PROGRESS RESIDENTIAL TRUST 3.14700 05/17/2036 US 1,236,657.87 $1,276,920.48
74340W103 PROLOGIS US PLD 15,990 $1,593,563.40
74460D109 PUBLIC STORAGE INC US PSA 2,608 $602,265.44
747525103 QUALCOMM INC US QCOM 1,480 $225,463.20
74834L100 QUEST DIAGNOSTICS INC US DGX 429 $51,123.93
750236AW1 RADIAN GROUP INC 4.87500 03/15/2027 US 265,000 $291,023.00
75513E101 RAYTHEON TECHNOLOGIES CORP US RTX 2,301 $164,544.51
756109104 REALTY INCOME CORP US O 2,715 $168,791.55
7591EP100 REGIONS FINANCIAL CORP. US RF 2,780 $44,813.60
76131D103 RESTAURANT BRANDS INTERN CA QSR 4,829 $295,100.19
76169C100 REXFORD INDUSTRIAL REALITY IN US REXR 5,434 $266,863.74
7698356 GETINGE AB-B SHS SE GETIB SS 29,560 $691,753.79
773903109 ROCKWELL AUTOMATION INC US ROK 288 $72,233.28
7792559 HEINEKEN NV NL HEIA NA 4,550 $507,047.05
780259107 ROYAL DUTCH SHELL PLC-ADR B NL RDS/B 40,404 $1,357,978.44
783513203 RYANAIR HOLDINGS - ADR IE RYAAY 34,953 $3,844,130.94
78409V104 S&P GLOBAL INC US SPGI 7,608 $2,500,977.84
78410G104 SBA COMMUNICATIONS CORP US SBAC 14,088 $3,974,647.44
78442PGC4 SLM CORP 5.12500 04/05/2022 US 309,000 $315,952.50
78442PGD2 SLM CORP 4.20000 10/29/2025 US 250,000 $264,062.50
78449UAB4 SMB 2020-A A2A MTGE 2.23000 09/15/2037 US 419,000 $434,836.73
78449XAA0 SMB 2020-BA A1A 1.29000 07/15/2053 US 1,737,012.78 $1,742,899.17
78490DAA2 SOFI 2018-C A1FX 3.08000 01/25/2048 US 13,306.25 $13,329.57
785592AV8 SABINE PASS LIQUEFACTION 5.87500 06/30/2026 US 2,839,000 $3,432,641.54
806857108 SCHLUMBERGER LTD NL SLB 96,760 $2,112,270.80
81141R100 SEA LTD - ADR SG SE 3,066 $610,287.30
81745BAB1 SEMT 2013-6 A2 3.00000 05/25/2043 US 1,213,766.69 $1,233,107.58
81745CAB9 SEMT 2013-7 A2 3.00000 06/25/2043 US 240,871.47 $244,712.05
81745EAA7 SEMT 2013-8 A1 3.00000 06/25/2043 US 314,278.99 $319,303.56
81745MAA9 SEMT 2013-2 1.87400 02/25/2043 US 285,516.79 $288,255.30
81748MAD0 SEMT 2020-1 A4 3.50000 02/25/2050 US 216,007.12 $218,002.83
81762P102 SERVICENOW INC US NOW 6,050 $3,330,101.50
83088M102 SKYWORKS SOLUTIONS INC US SWKS 344 $52,590.72
83192CAB3 SMB 2019-B A2A 2.84000 06/15/2037 US 2,400,000 $2,534,274.00
832696405 JM SMUCKER CO/THE-NEW COM WI US SJM 386 $44,621.60
83401BAB2 SOFI 2017-F A2FX 2.84000 01/25/2041 US 213,605.54 $218,334.38
83404RAB4 SOFI 2018-B A2FX MTGE 3.34000 08/25/2047 US 1,229,738.65 $1,265,701.25
83405TAA1 SCLP 2019-3 A MTGE 2.90000 05/25/2028 US 503,983.04 $509,282.62
83406CAA7 SCLP 2019-2 A MTGE 3.01000 04/25/2028 US 345,216.26 $348,691.79
83406TAB8 SOFI 2020-A A2FX MTGE 2.54000 05/15/2046 US 1,150,000 $1,188,267.17
835699307 SONY CORP SPONSORED ADR JP SNE 37,115 $3,752,326.50
837151XH7 SOUTH CAROLINA ST PUBLIC SVC 2.32900 12/01/2028 US 230,000 $240,637.50
844741BJ6 SOUTHWEST AIRLINES CO 5.25000 05/04/2025 US 2,027,000 $2,347,592.10
85172FAN9 SPRINGLEAF FINANCE CORP 7.12500 03/15/2026 US 144,000 $170,280.00
85254J102 STAG INDUSTRIAL INC US STAG 5,600 $175,392.00
854502101 STANLEY WORKS/THE US SWK 321 $57,317.76
85571BAL9 STARWOOD PROPERTY TRUST 4.75000 03/15/2025 US 214,000 $219,350.00
85571XAA5 SRPT 2014-STAR A FLTG RATE 1.62863 11/15/2027 US 1,278,104.61 $843,549.04
861036AA9 STL HOLDING CO LLC 7.50000 02/15/2026 US 260,000 $269,750.00
866674104 SUN COMMUNITIES US SUI 4,708 $715,380.60
86935CAA0 SCML 2019-SBC8 2.86000 04/25/2041 US 254,529.81 $256,928.91
87105L104 SWITCH INC - A US SWCH 25,347 $414,930.39
871829107 SYSCO CORP US SYY 1,132 $84,062.32
874039100 TAIWAN SEMICONDUCTOR - SP ADR TW TSM 3,325 $362,558.00
87422VAA6 TALEN ENERGY SUPPLY LLC 6.50000 06/01/2025 US 130,000 $105,950.00
87485LAA2 TALOS PRODUCTION INC 12.00000 01/15/2026 US 135,000 $131,350.95
87677QAA9 TXEZ 2016-1A 3.13100 06/15/2028 US 77,679.64 $77,853.32
87901JAE5 TEGNA INC 4.62500 03/15/2028 US 45,000 $46,012.50
88032WAN6 TENCENT HOLDINGS 3.97500 04/11/2029 KY 1,910,000 $2,176,219.14
88146M101 TERRENO REALTY CORP US TRNO 3,978 $232,752.78
882508104 TEXAS INSTRUMENTS INC US TXN 1,517 $248,985.21
883556102 THERMO FISHER SCIENTIFIC INC US TMO 7,140 $3,325,669.20
88579Y101 3M CO US MMM 1,030 $180,033.70
89151E109 TOTAL S A SPONSORED ADR FR TOT 40,146 $1,682,518.86
89173CAA5 TPMT 2016-5 A1 2.50000 10/25/2056 US 748,421.87 $762,971.72
89173FAA8 TPMT 2017-1 A1 2.75000 10/25/2056 US 929,835.23 $952,989.52
89177EAA7 TPMT 2019-HY1 A1 1.14800 10/25/2048 US 879,243.87 $882,661.05
89417E109 TRAVELLERS COS INC US TRV 562 $78,887.94
89613FAA6 TAH 2017-SFR2 A 2.92800 01/17/2036 US 1,246,623.37 $1,285,157.62
89613GAA4 TAH 2020-SFR1 A 1.49900 07/17/2038 US 2,146,000 $2,168,864.34
89832Q109 TRUIST FINANCIAL CORP US TFC 2,754 $131,999.22
901109AF5 TUTOR PERINI CORP 6.87500 05/01/2025 US 360,000 $352,800.00
902494103 TYSON FOODS INC -CL A US TSN 942 $60,702.48
902653104 UDR INC US UDR 8,838 $339,644.34
902973304 U.S. BANCORP US USB 2,890 $134,645.10
904767704 UNILEVER PLC - ADR GB UL 181,061 $10,928,841.96
907818108 UNION PAC CORP US UNP 1,127 $234,663.94
909214BV9 UNISYS CORP 6.87500 11/01/2027 US 125,000 $136,562.50
91086QBG2 UNITED MEXICAN STATES 4.12500 01/21/2026 MX 200,000 $229,750.00
912810QK7 US TREASURY N/BB 3.87500 08/15/2040 US 4,640,000 $6,650,062.48
912810RX8 US TREASURY N/B 3.00000 05/15/2047 US 13,400,000 $17,548,242.15
9128282A7 UNITED STATES TREAS NTS 1.50000 08/15/2026 US 52,434,000 $55,520,642.24
9128284P2 US TREASURY N/B 2.62500 05/15/2021 US 6,740,000 $6,801,607.78
912828XB1 UNITED STATES TREAS NTS 2.12500 05/15/2025 US 5,870,000 $6,335,472.69
912828ZJ2 TSY INFL IX N/B 0.12500 04/15/2025 US 6,310,580.8 $6,788,475.85
918204108 VF CORP US VFC 1,039 $88,740.99
91913Y100 VALERO ENERGY US VLO 1,072 $60,643.04
92343VCV4 VERIZON COMMUNICATIONS 4.27200 01/15/2036 US 2,820,000 $3,497,590.87
92532F100 VERTEX PHARMACEUTICALS INC US VRTX 19,435 $4,593,267.90
92556V106 VIATRIS INC US VTRS 914 $17,128.36
92826C839 VISA INC - CLASS A SHARES US V 51,587 $11,283,624.51
92826CAK8 VISA INC 2.70000 04/15/2040 US 2,452,000 $2,676,680.44
92837TAA0 AUSTIN BIDCO INC 7.12500 12/15/2028 US 35,000 $36,531.25
928668BE1 VOLKSWAGEN GROUP AMERICA 3.35000 05/13/2025 US 1,250,000 $1,374,193.81
929160109 VULCAN MATERIALS CO US VMC 24,090 $3,572,787.90
93065PAA9 WBHT 2019-WBM A FLT 1.20900 12/15/2033 US 1,496,000 $1,454,958.89
931142103 WAL MART STORES US WMT 2,934 $422,936.10
94106L109 WASTE MANAGEMENT INC US WM 934 $110,146.62
949746101 WELLS FARGO COMPANY US WFC 5,989 $180,748.02
95040Q104 WELLTOWER INC. US WELL 3,069 $198,318.78
962178AN9 TRI POINTE GROUP / HOMES 5.87500 06/15/2024 US 185,000 $201,927.50
96949LAD7 WILLIAMS PARTNERS LP 3.75000 06/15/2027 US 2,060,000 $2,350,535.35
97652TAA1 WIN 2015-1 A1 3.50000 01/20/2045 US 157,820.32 $161,950.00
98311A105 WYNDHAM HOTELS & RESORTS INC US WH 3,093 $183,847.92
98978V103 ZOETIS INC US ZTS 10,135 $1,677,342.50
B02J639 ADMIRAL GROUP PLC GB ADM LN 21,815 $862,605.53
B1KFX13 GRUPO AEROPORTUARIO DEL CENT MX OMAB MM 24,300 $156,757.26
B1Y47Y7 GERRESHEIMER AG DE GXI GR 2,370 $255,577.31
B1Y9TB3 DANONE FR BN FP 9,053 $595,743.16
B3QJ0H8 TOURMALINE OIL CORP CA TOU CN 57,520 $775,428.71
B3ZD2V9 MEX BONOS DESARR FIX RT 6.50000 06/10/2021 MX 3,112,000 $157,699.48
B4888C1 CANADIAN GOVERNMENT FLT 2.75000 06/01/2022 CA 358,000 $291,513.08
B4NDCC9 MEX BONOS DESARR FIX RT 6.50000 06/09/2022 MX 5,057,000 $261,628.82
B4YVF56 BRENNTAG AG DE BNR GR 6,515 $506,616.39
B63QM77 NEXON CO LTD JP 3659 JP 232,300 $7,167,594.81
B6TC406 MEX BONOS DESARR FIX RT 7.75000 05/29/2031 MX 972,000 $57,389.01
BBQ3850 KEYWORDS STUDIOS PLC IE KWS LN 4,783 $186,776.02
BD6K457 COMPASS GROUP PLC GB CPG LN 15,275 $284,899.48
BFZZM64 S4 CAPITAL PLC GB SFOR LN 77,045 $526,795.19
BGHQ198 HIBERNIA REIT PLC IE HBRN ID 98,686 $139,125.95
BH8295835 SAUDI INTERNATIONAL BOND 2.90000 10/22/2025 SA 200,000 $215,470.00
BHJYC05 INTERCONTINENTAL HOTELS GROUP GB IHG LN 2,235 $144,861.65
BJ2KSG2 AKZO NOBEL NL AKZA NA 2,005 $215,205.87
BK0939417 AMERICAN TANKER INC 7.75000 07/02/2025 US 235,000 $235,481.75
BMMV2K8 TENCENT HOLDINGS LTD CN 700 HK 112,045 $8,062,063.31
BMXKJ81 FLAGSHIP COMMUNITIES REIT UT US MHC/U CN 8,453 $124,766.28
BNGN9Z1 FINECOBANK SPA IT FBK IM 66,070 $1,089,627.74
BP9DL90 INDUSTRIA DE DISENO TEXTIL ES ITX SM 17,335 $550,210.07
BVYVFW2 AUTO TRADER GROUP PLC GB AUTO LN 34,640 $281,960.50
BW1YVH8 WALMART DE MEXICO SAB DE CV MX WALMEX* MM 12,756 $35,833.08
BYPC1T4 ASSA ABLOY AB-B SE ASSAB SS 11,805 $291,725.33
BYYHL23 ANHEUSER-BUSCH INBEV SA/NV BE ABI BB 28,919 $2,017,584.59
BZ0VW78 BINGO INDUSTRIES LTD AU BIN AU 155,495 $291,257.46
BZ1HM42 ADYEN NV NL ADYEN NA 110 $255,589.59
G0772R208 BANK OF N.T. BUTTERFIELD&SON BM NTB 8,583 $267,446.28
G1151C101 ACCENTURE PLC - CL A IE ACN 689 $179,973.69
G29183103 EATON CORP PLC US ETN 960 $115,334.40
G51502105 JOHNSON CONTROLS INTERNATIONAL US JCI 2,131 $99,283.29
G5494J103 LINDE PLC GB LIN 637 $167,855.87
G5960L103 MEDTRONIC INC IE MDT 40,485 $4,742,412.90
G85158106 STONECO LTD-A BR STNE 5,594 $469,448.48
G8994E103 TRANE TECHNOLOGIES IE TT 2,453 $356,077.48
G97822103 PERRIGO CO PLC IE PRGO 9,105 $407,175.60
H01301128 ALCON INC CH ALC 153,418 $10,122,519.64
H1467J104 CHUBB LTD CH CB 833 $128,215.36
H2906T109 GARMIN LTD CH GRMN 429 $51,334.14
N53745100 LYONDELLBASELL INDU-CL A US LYB 909 $83,318.94
ZO1818103 NAVIGATOR HOLDINGS LTD 8.00000 09/10/2025 MH 200,000 $206,000.00
ZO4110185 BROOGE PETROLEUM AND GAS 8.50000 09/24/2025 AE 200,000 $190,129.29

Investments will change over time.

Distributions

  • Pro-Blend® Extended Term Series Class W Distribution History
  • 2020 Distribution Calendar
  • Fourth Quarter 2020 Distributions
  • Third Quarter 2020 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.


Loading...