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 their current risk tolerance and investment time horizon, then decide when to move to a different objective as their 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
5-35% 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

$17.92

Daily $ Change

$0.18

Daily % Change

1.00%

as of 06/23/2022

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
N-Port Part F Reports

Performance

As of 05/31/2022

YTD

-10.82%

1 Year

-6.41%

3 Year

9.41%

5 Year

7.51%

10 Year

7.67%

Inception
(10/12/1993)

8.08%

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 05/31/2022

TREASURY NOTES 16.41%
GOVERNMENT AGENCY 4.32%
TREASURY BONDS 3.89%
AMAZON.COM INC 2.79%
MICROSOFT CORP 1.92%
MASTERCARD INC-CLASS A 1.83%
JOHNSON & JOHNSON 1.76%
VISA INC - CLASS A SHARES 1.64%
META PLATFORMS INC 1.57%
SBA COMMUNICATIONS CORP 1.55%

This investment list is unaudited and excludes cash.

Asset Allocation

As of 05/31/2022

Stocks 52.17%
Bonds 44.23%
Cash 3.60%

Detailed Asset Class Allocation

As of 05/31/2022

International Equities 14.01%
Small Capitalization 0.74%
Mid Capitalization 3.91%
Large Capitalization 33.51%
Long Term Fixed Income 15.11%
Intermediate Term Fixed Income 23.27%
Short Term Fixed Income 5.85%
Cash 3.60%

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

May Fund Holdings

As of 05/31/2022

Security Description Country Ticker Shares/Par Market Value (USD)
ABBOTT LABORATORIES US ABT 1,478 $173,605.88
ACTIVISION INC US ATVI 41,731 $3,250,010.28
ADIDAS AG-SPONSORED ADR DE ADDYY 27,665 $2,742,708.10
AERCAP IRELAND CAP/GLOBA 3.00000 10/29/2028 IE 1,490,000 $1,306,666.57
ADYEN NV UNSPON ADR NL ADYEY 159,730 $2,472,620.40
AGREE REALTY CORP US ADC 2,751 $191,387.07
AIR LIQUIDE-ADR FR AIQUY 157,197 $5,487,747.27
AIR LEASE CORP 3.62500 04/01/2027 US 1,430,000 $1,359,923.77
ALASKA AIR 2020-1 CL B 8.00000 08/15/2025 US 223,771.65 $234,767.49
ALIBABA GROUP HOLDING 4.00000 12/06/2037 KY 2,820,000 $2,455,214.30
ALIBAB GROUP HOLDINGS 2.12500 02/09/2031 KY 780,000 $648,839.35
ADC 2021-1A A2 1.93700 08/15/2046 US 1,800,000 $1,624,217.54
ALLSTATE CORPORATION US ALL 590 $80,647.10
ALPHABET INC-CL A US GOOGL 2,561 $5,826,889.64
AMAZON.COM INC US AMZN 7,006 $16,843,755.14
AMAZON.COM INC 3.30000 04/13/2027 US 2,830,000 $2,827,392.86
DIAGEO PLC GB DGE LN 62,910 $2,922,878.85
AMERICAN HOMES 4 RENT- A US AMH 9,799 $362,171.04
AMERICAN TOWER REIT INC US AMT 1,466 $375,486.58
ANALOG DEVICES INC US ADI 837 $140,950.80
APPLE HOSPITALITY REIT INC US APLE 33,399 $558,097.29
ARBOR REALTY TRUST INC 8.00000 04/30/2023 US 215,000 $217,494.25
ARCHER-DANIELS-MIDLAND CO US ADM 1,011 $91,819.02
ARGO BLOCKCHAIN PLC GB 1,900 $39,843.00
ASHTEAD CAPITAL INC 4.00000 05/01/2028 US 1,430,000 $1,359,789.10
AUTOMATIC DATA PROCESSING US ADP 579 $129,082.26
AVALONBAY COMMUNITIES INC US AVB 2,327 $483,922.92
AVALON HOLDINGS FNDG LTD 2.75000 02/21/2028 KY 3,510,000 $3,041,538.59
BNSF FUNDING TRUST I 6.61300 12/15/2055 US 1,140,000 $1,154,101.08
BANK OF AMERICA CORP 2.68700 04/22/2032 US 2,330,000 $2,038,542.82
BARRICK GOLD CORP CA GOLD 97,767 $2,003,245.83
BAXTER INTERNATIONAL INC US BAX 770 $58,558.50
BEST BUY INC US BBY 562 $46,117.72
BIOMARIN PHARMACEUTICAL INC US BMRN 79,532 $5,975,239.16
BLACKROCK INC US BLK 4,395 $2,940,606.60
BLACKSTONE PRIVATE CRE 2.62500 12/15/2026 US 1,540,000 $1,339,854.84
BLACKSTONE SECURED LEND 2.75000 09/16/2026 US 1,500,000 $1,364,615.42
DECHRA PHARMACEUTICALS PLC GB DPH LN 10,453 $479,138.87
BRANDYWINE REALTY TRUST US BDN 16,613 $185,234.95
BABS 2021-RM2 A 1.75000 10/25/2061 US 1,355,754.42 $1,226,666.13
BRISTOL MYERS SQUIBB CO US BMY 2,602 $196,320.90
BROADRIDGE FINANCIAL SOLUTIONS US BR 295 $43,134.90
JONAH ENERGY PARENT LLC US 6,986 $374,868.76
SORT 2020-1 A1 MTGE 1.69000 07/15/2060 US 851,465.74 $781,160.55
SORT 2020-1 A2 1.99000 07/15/2060 US 781,710.49 $686,415.06
C.H. ROBINSON WORLDWIDE INC US CHRW 367 $39,823.17
CIM 2019-INV1 A1 4.00000 02/25/2049 US 51,027.85 $50,968.45
CLIF 2021-1A A MTGE 1.64000 02/18/2046 US 1,706,667.87 $1,534,308.09
CSMC 2013-IVR3 A1 2.50000 05/25/2043 US 180,513.69 $169,363.79
CSMC 2014-IVR3 A1 3.50000 07/25/2044 US 65,500.9 $62,106.95
COTERRA ENERGY INC US CTRA 1,506 $51,700.98
CAMDEN PROPERTY TRUST US CPT 2,240 $321,417.60
CAMECO CORP CA CCJ 6,999 $171,265.53
CAMPBELL SOUP CO US CPB 833 $39,909.03
CANADIAN NATIONAL RAILWAY CO CA CNI 41,794 $4,755,321.32
CARETRUST REIT INC US CTRE 11,093 $205,553.29
CATERPILLAR INC US CAT 796 $171,816.60
CENOVUS ENERGY INC 6.75000 11/15/2039 CA 3,470,000 $3,910,360.94
CENTURYLINK INC 7.50000 04/01/2024 US 640,000 $662,092.52
CHARTER COMMUNICATIONS INC-A US CHTR 11,114 $5,634,020.02
CHEVRON CORP US CVX 1,459 $254,828.94
CINCINNATI FINANCIAL CORP US CINF 407 $52,039.02
CISCO SYSTEMS INC US CSCO 4,969 $223,853.45
CITIGROUP INC US C 3,076 $164,289.16
CITIGROUP INC 1.46200 06/09/2027 US 2,230,000 $2,008,722.39
CMLTI 2021-INV1 2.50000 05/25/2051 US 914,713.18 $805,073.16
CLARK CNTY NV 1.51000 11/01/2028 US 2,340,000 $2,058,591.93
COCA COLA CO/THE US KO 88,683 $5,620,728.54
COLGATE-PALMOLIVE CO US CL 1,397 $110,097.57
COMCAST CORP-CL A US CMCSA 5,373 $237,916.44
CBSLT 2019-AGS A1 MTGE 2.54000 01/25/2047 US 704,232.74 $687,580.85
COMMUNITY HEALTHCARE TRUST I US CHCT 5,779 $217,752.72
CONAGRA BRAND INC. US CAG 1,267 $41,671.63
CONOCOPHILLIPS US COP 1,356 $152,360.16
CONTROLADORA VUELA CIA DE AV MX VLRS 11,499 $179,154.42
COPART INC US CPRT 25,391 $2,908,031.23
COUSINS PROPERTIES INC US CUZ 13,682 $472,713.10
CAALT 2020-1A 2.01000 02/15/2029 US 219,077.45 $218,680.68
CAALT 2021-2A A 0.96000 02/15/2030 US 1,900,000 $1,828,916.71
CROWN CASTLE INTL CORP 3.10000 11/15/2029 US 1,720,000 $1,564,221.82
CSMC 2013-TH1 A1 2.13000 02/25/2043 US 108,795.97 $99,176.88
CUMMINS INC US CMI 329 $68,800.48
KIMBERLY CLARK DE MEXICO S.A.B. MX 265,300 $410,476.61
DEVON ENERGY CORPORATION US DVN 1,002 $75,049.80
DIAMONDBACK ENERGY INC US FANG 321 $48,798.42
DIGITAL REALTY TRUST INC US DLR 4,218 $588,790.62
DOLLAR GENERAL CORP US DG 15,133 $3,334,405.22
DOLLAR TREE STORES INC US DLTR 21,426 $3,435,230.58
DOW INC US DOW 1,021 $69,407.58
DREYFUS GVT CSH MANAGEMENT US 22,557,913.64 $22,557,913.64
DUKE RLTY INVTS INC US DRE 9,546 $504,315.18
EOG RESOURCES INC US EOG 741 $101,487.36
EASTMAN CHEM CO US EMN 376 $41,420.16
EBAY INC US EBAY 939 $45,701.13
ECO MATERIAL TECH INC 7.87500 01/31/2027 US 325,000 $307,973.13
ELECTRONIC ARTS US EA 25,970 $3,600,740.50
EMERSON ELEC CO US EMR 1,095 $97,082.70
ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 US 2,960,000 $3,095,381.05
EQUINIX INC US EQIX 6,806 $4,676,334.54
EQUITY LIFESTYLE PROPERTIES US ELS 8,443 $639,135.10
ESSEX PROPERTY TRUST INC US ESS 1,434 $407,040.90
EXPEDIA GROUP INC 3.25000 02/15/2030 US 1,480,000 $1,308,677.92
EXTRA SPACE STORAGE INC US EXR 2,096 $373,507.20
FMC CORP US FMC 62,445 $7,654,508.10
FS ENERGY & POWER FUND 7.50000 08/15/2023 US 695,000 $707,856.02
FREMF 2014-K41 B FLT 3.83302 11/25/2047 US 1,731,000 $1,713,383.35
FREMF 2013-K28 X2A 0.10000 06/25/2046 US 69,617,900.53 $32,832.50
META PLATFORMS INC US FB 48,866 $9,462,412.24
FHLM POOL G03926 6.00000 02/01/2038 US 52,144.3 $57,668.41
FHLM POOL G05906 6.00000 04/01/2040 US 65,436.84 $72,306.09
FHLM POOL G13331 5.50000 10/01/2023 US 363.84 $369.86
FHLM POOL G12988 6.00000 01/01/2023 US 201.77 $202.34
FHLM POOL G13078 6.00000 03/01/2023 US 298.38 $299.50
FHLM POOL C91762 4.50000 05/01/2034 US 228,005.74 $236,839.81
FHLM POOL C91771 4.50000 06/01/2034 US 201,343.19 $209,146.53
FHLM POOL C91780 4.50000 07/01/2034 US 306,185.26 $319,344.11
FEDERAL NATL MTG ASSN SD8044 3.00000 02/01/2050 US 2,777,906.16 $2,672,664.74
FHLM POOL SD8230 4.50000 06/01/2052 US 2,370,000 $2,415,181.94
FHLM POOL Q33778 4.00000 06/01/2045 US 315,554.52 $321,347.32
FNA 2017-M15 A1 FLT 2.95843 09/25/2027 US 799,199.83 $797,272.58
FNR 2018-31 KP 3.50000 07/25/2047 US 36,316.72 $36,533.30
FNR 2021-69 WJ 1.50000 10/25/2050 US 967,193.44 $863,358.11
FHMS K030 X1 FLT 0.14558 04/25/2023 US 38,351,410.45 $44,600.01
FHMS K032 X1 FLT 0.06799 05/25/2023 US 25,227,555.81 $21,626.57
FHR 5189 CP 2.50000 06/25/2049 US 2,110,533.47 $1,962,545.14
FEDERAL NATL MTG ASSN A15172 4.00000 08/01/2041 US 251,629.88 $257,723.02
FEDERAL NATL MTG ASSN AL0152 6.00000 06/01/2040 US 260,269.67 $288,033.63
FEDERAL NATL MTG ASSN AL0241 4.00000 04/01/2041 US 382,817.29 $392,089.44
FEDERAL NATL MTG ASSN AL1410 4.50000 12/01/2041 US 433,935.31 $452,852.75
FEDERAL NATL MTG ASSN AL1595 6.00000 01/01/2040 US 136,244.92 $150,607.72
FEDERAL NATL MTG ASSN AL7729 4.00000 06/01/2043 US 217,312.79 $222,574.95
FEDERAL NATL MTG ASSN AL8674 FLT 5.65900 01/01/2049 US 859,191.26 $939,338.46
FEDERAL NATL MTG ASSN AS4103 4.50000 12/01/2044 US 310,887.41 $324,188.20
FEDERAL NATL MTG ASSN AX5234 4.50000 11/01/2044 US 207,975.62 $216,873.50
FEDERAL NATL MTG ASSN BC6764 3.50000 04/01/2046 US 155,366.77 $154,694.64
FEDERAL NATL MTG ASSN BD6997 4.00000 10/01/2046 US 172,630.36 $175,005.99
FEDERAL NATL MTG ASSN BE7845 4.50000 02/01/2047 US 114,317.01 $117,942.19
FEDERAL NATL MTG ASSN FN FS1179 3.50000 12/01/2049 US 2,697,188.81 $2,682,296.74
FEDERAL NATL MTG ASSN 888810 5.50000 11/01/2022 US 34.43 $34.43
FEDERAL NATL MTG ASSN 889576 6.00000 04/01/2038 US 126,538.12 $140,143.22
FEDERAL NATL MTG ASSN 889579 6.00000 05/01/2038 US 104,063.24 $115,039.20
FEDERAL NATL MTG ASSN 990895 5.50000 10/01/2023 US 2,213.21 $2,250.41
FEDERAL NATL MTG ASSN 995196 6.00000 07/01/2038 US 6,072.48 $6,696.44
FEDERAL NATL MTG ASSN MA0258 4.50000 12/01/2039 US 218,252.68 $227,794.03
FEDERAL NATL MTG ASSN MA1834 4.50000 02/01/2034 US 357,530.71 $371,041.77
FEDERAL NATL MTG ASSN MA1903 4.50000 05/01/2034 US 165,342.48 $171,590.76
FEDERAL NATL MTG ASSN FN MA3412 3.50000 07/01/2038 US 341,708.07 $341,915.47
FEDERAL NATL MTG ASSN FN MA3463 4.00000 09/01/2033 US 273,744.4 $280,838.83
FEDERAL NATL MTG FN MA4203 2.50000 12/01/2040 US 2,334,918.67 $2,196,301.04
FEDERAL NATL MTG ASSN MA4600 3.50000 05/01/2052 US 2,791,194.5 $2,738,199.93
FEDERAL NATL MTG ASSN MA4644 4.00000 05/01/2052 US 2,759,060.45 $2,762,639.64
FEDERAL NATL MTG ASSN FN MA4687 4.00000 06/01/2042 US 2,770,000 $2,803,503.15
FEDERAL NATL MTG ASSN AD0220 6.00000 10/01/2038 US 10,760.7 $11,882.52
FEDERAL NATL MTG ASSN AD0207 6.00000 10/01/2038 US 331,247.03 $366,179.30
FEDERAL NATL MTG ASSN AD0462 5.50000 10/01/2024 US 2,192.52 $2,260.43
FEDEX CORPORATION US FDX 13,831 $3,106,165.98
FIFTH THIRD BANCORP US FITB 1,597 $62,969.71
FLX 2021-1A A2 3.25000 11/27/2051 US 2,150,000 $1,992,113.89
FONTAINEBLEAU MIAMI BEACH TRUST 3.14400 12/10/2036 US 1,571,000 $1,513,903.37
FORD MOTOR CREDIT 3.08700 01/09/2023 US 330,000 $329,696.77
GSMBS 2021-PJ6 A8 2.50000 11/25/2051 US 999,648.53 $929,033.56
GSMBS 2021-PJ9 A8 2.50000 02/26/2052 US 1,025,528.95 $951,108.18
GSMBS 2021-INV1 A9 1.43446 12/25/2051 US 1,288,797.29 $1,219,615.68
GENERAL DYNAMICS CORP US GD 466 $104,808.06
GENERAL MLS INC US GIS 1,159 $80,956.15
GENUINE PARTS CO US GPC 373 $51,000.29
GETTY REALTY CORP US GTY 7,481 $209,019.14
GILEAD SCIENCES INC US GILD 2,080 $134,888.00
GNR 2017-54 AH MTGE 2.60000 12/16/2056 US 524,455.67 $510,778.91
GRAPHIC PACKAGING HOLDING CO US GPK 248,122 $5,523,195.72
GREENIDGE GEN HLD INC US 14,200 $282,864.00
GRUPO AEROPORTUARIO PAC-ADR MX PAC 1,640 $246,623.20
GRUPO AEROPORTUARIO DEL SURESTE MX ASR 1,152 $250,318.08
AIRBUS SE FR AIR FP 2,804 $328,617.04
ADIDAS AG DE ADS GR 3,079 $611,697.64
HCA INC 4.12500 06/15/2029 US 2,060,000 $2,005,299.21
L'OREAL FR OR FP 364 $128,568.99
HAWAII ST 2.68200 10/01/2038 US 1,795,000 $1,421,430.42
HEALTHCARE REALTY TRUST INC US HR 9,576 $278,374.32
HEALTHCARE TRUST OF AMERICA US HTA 6,567 $197,338.35
HEINEKEN NV-SPN ADR NL HEINY 70,815 $3,571,908.60
HOME DEPOT INC US HD 1,016 $307,594.00
HONEYWELL INTERNATIONAL INC US HON 941 $182,196.42
IIP OPERATING PARTNER 5.50000 05/25/2026 US 700,000 $661,919.92
IDEXX LABORATORIES INC US IDXX 6,195 $2,426,085.90
KERRY GROUP PLC-A IE KYGA ID 2,139 $221,365.58
ILLINOIS TOOL WKS INC US ITW 551 $114,646.57
IMPRL 2021-NQM3 1.59500 11/25/2056 US 1,195,590.14 $1,135,021.42
INDEPENDENCE REALTY TRUST IN US IRT 9,911 $233,007.61
INTEL CORP US INTC 5,101 $226,586.42
INTERCONTINENTALEXCHANGE INC US ICE 49,506 $5,068,919.34
INTERNATIONAL FLVRS & FRAGRANCES US IFF 547 $72,296.99
INVITATION HOMES INC US INVH 15,850 $597,862.00
ITALY GOV'T INT BOND 2.37500 10/17/2024 IT 440,000 $430,374.73
JP MORGAN CHASE & CO US JPM 2,935 $388,095.05
JPMMT 2014-2 1A1 3.00000 06/25/2029 US 227,879.35 $220,544.42
JPMORGAN CHASE & CO 4.49300 03/24/2031 US 3,330,000 $3,374,064.69
JPMMT 2017-2 A3 3.50000 05/25/2047 US 118,555.59 $111,733.48
JOHNSON & JOHNSON US JNJ 59,149 $10,619,019.97
KREF 2021-FL2 A 1.95671 02/15/2039 US 1,300,000 $1,259,287.38
KEYCORP US KEY 1,853 $36,985.88
KROGER CO US KR 1,436 $76,064.92
L3HARRIS TECHNOLOGIES INC US LHX 13,197 $3,179,157.30
BEIERSDORF AG DE BEI GR 5,374 $557,774.74
LENNAR CORP US LEN 520 $41,730.00
LIFE STORAGE INC US LSI 3,680 $429,676.80
LOCKHEED MARTIN CORP US LMT 366 $161,080.26
LULULEMON - ADR CA LULU 12,051 $3,527,207.19
MAGALLANES INC 4.05400 03/15/2029 US 3,450,000 $3,307,307.45
ATOS SE FR ATO FP 16,954 $446,305.30
MARATHON PETROLEUM CORP US MPC 752 $76,546.08
MARRIOTT VACATIONS WORLD US VAC 1,564 $231,034.08
MASTERCARD INC-CLASS A US MA 30,917 $11,064,266.79
MCDONALDS CORP US MCD 633 $159,648.93
ACCOR SA FR AC FP 7,463 $245,568.16
MERCADOLIBRE INC AR MELI 466 $366,220.08
MERCK & CO INC US MRK 2,725 $250,781.75
MICROSOFT CORP US MSFT 42,564 $11,571,874.68
MICROCHIP TECHNOLOGY INC US MCHP 873 $63,423.45
MID-AMERICA APARTMENT COMM US MAA 2,966 $536,846.00
MONDELEZ INTERNATIONAL INC US MDLZ 111,222 $7,069,270.32
MOODY'S CORPORATION US MCO 19,057 $5,747,019.49
MOTOROLA SOLUTIONS INC US MSI 343 $75,370.82
NAVIENT CORP 6.75000 06/25/2025 US 50,000 $50,466.75
NAVSL 2020-FA A 1.22000 07/15/2069 US 652,100.66 $629,886.49
NSLT 2012-3A A MTGE FLT 1.70571 02/25/2045 US 254,104.16 $249,136.53
NETAPP INC US NTAP 615 $44,249.25
USRE 2021-1 A1 1.91000 10/20/2061 US 2,275,000 $2,029,305.92
NRZT 2014-3A AFX3 3.75000 11/25/2054 US 225,496.83 $221,495.14
NRZT 2015-2A A1 3.75000 08/25/2055 US 303,105.89 $295,292.49
NRZT 2016-4A A1 3.75000 11/25/2056 US 339,247.76 $331,535.88
KEYENCE CORP JP 6861 JP 1,100 $437,334.24
NEW YORK CITY NY TRANSITIONALFIN 1.58000 05/01/2024 US 635,000 $616,428.80
NEWCASTLE COAL INFRASTRU 4.40000 09/29/2027 AU 1,520,000 $1,381,650.48
NEWMONT GOLDCORP CORP US NEM 29,476 $1,999,946.60
NEXPOINT RESIDENTIAL US NXRT 2,824.49 $207,543.52
NORFOLK SOUTHN CORP US NSC 12,238 $2,932,959.08
NIKON CORP JP 7731 JP 44,500 $552,169.46
NORTHROP GRUMMAN CORP US NOC 7,115 $3,329,606.55
NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 CA 653,000 $65.30
NOVARTIS AG- REG CH NVS 82,409 $7,494,274.46
NUCOR CORP US NUE 551 $72,985.46
OBX 2022-INV1 A1 3.00000 12/25/2051 US 1,578,827.55 $1,439,561.03
OMNICOM GROUP US OMC 574 $42,826.14
SONY CORP FIRST SECTION JP 6758 JP 4,400 $412,673.53
OWL ROCK TECHNOLOGY 3.75000 06/17/2026 US 1,460,000 $1,359,548.89
OXFIN 2020-1A A2 3.10100 02/15/2028 US 1,055,113.44 $1,049,027.97
OXFIN 2019-1A A2 4.45900 02/15/2027 US 326,548.04 $325,772.88
OXFIN 2022-1A 3.60200 02/15/2030 US 1,975,000 $1,879,923.90
PMTLT 2013-J1 a9 3.50000 09/25/2043 US 293,726.92 $279,249.92
PPG INDUSTRIES INC US PPG 371 $46,927.79
PACKAGING CORP OF AMERICA US PKG 264 $41,521.92
PARKER HANNIFIN CORP US PH 205 $55,794.85
DEUTSCHE BOERSE AG DE DB1 GR 4,390 $737,797.28
PAYPAL HOLDINGS INC US PYPL 60,355 $5,142,849.55
PEAR 2021-1 A MTGE 2.60000 01/15/2034 US 2,393,921.2 $2,303,749.13
NESTLE SA-REGISTERED CH NESN SW 51,941 $6,353,279.24
PFIZER INC US PFE 4,048 $214,705.92
PIONEER NATURAL RESOURCES CO US PXD 325 $90,330.50
POPULAR INC 6.12500 09/14/2023 PR 665,000 $672,526.61
PROCTER & GAMBLE CO US PG 2,245 $331,990.60
PROLOGIS US PLD 14,623 $1,864,140.04
PFMT 2021 -INV1 A1 2.50000 08/25/2051 US 1,931,089.84 $1,696,257.57
PFMT 2021-2 A2A 2.00000 04/25/2051 US 1,222,746.34 $1,107,705.23
PUBLIC STORAGE INC US PSA 2,656 $878,179.84
QUALCOMM INC US QCOM 1,366 $195,638.52
QUALCOMM INC 4.25000 05/20/2032 US 2,640,000 $2,741,291.41
QUEST DIAGNOSTICS INC US DGX 334 $47,100.68
RCKT 2021-6 A1 2.50000 12/25/2051 US 2,045,154.33 $1,793,923.81
RADIUS GLOBAL INFRASTRUCTURE US RADI 48,821 $727,432.90
RAILWORKS HOLDINGS LP/R 8.25000 11/15/2028 US 735,000 $711,258.36
REGIONS FINANCIAL CORP. US RF 2,449 $54,098.41
REPUBLIC SERVICES INC US RSG 593 $79,367.12
RESTAURANT BRANDS INTERN CA QSR 4,829 $253,570.79
REXFORD INDUSTRIAL REALITY IN US REXR 9,031 $576,809.97
GETINGE AB-B SHS SE GETIB SS 16,523 $479,517.41
ROSS STORES INC US ROST 557 $47,356.14
HEINEKEN NV NL HEIA NA 3,633 $365,309.28
RYANAIR HOLDINGS - ADR IE RYAAY 34,953 $3,047,901.60
S&P GLOBAL INC US SPGI 5,785 $2,021,741.80
SBA COMMUNICATIONS CORP US SBAC 27,767 $9,346,649.87
NAVIENT CORP 5.50000 01/25/2023 US 325,000 $326,366.32
SLAM 2021-1A A MTGE 2.43400 06/15/2046 US 1,696,860 $1,463,519.01
SMB 2020-A A2A MTGE 2.23000 09/15/2037 US 333,320.73 $318,233.67
SMB 2020-BA A1A 1.29000 07/15/2053 US 1,078,227.19 $1,005,297.74
SALESFORCE INC US CRM 35,451 $5,680,668.24
SEA LTD - ADR SG SE 53,091 $4,388,502.06
SEAGEN INC US SGEN 47,076 $6,387,271.68
SEMT 2013-6 A2 3.00000 05/25/2043 US 551,968.28 $516,915.45
SEMT 2013-7 A2 3.00000 06/25/2043 US 119,881.15 $112,330.60
SEMT 2013-8 A1 3.00000 06/25/2043 US 135,072.45 $126,864.46
SEMT 2013-2 1.87400 02/25/2043 US 118,582.53 $107,395.34
SERVICENOW INC US NOW 12,371 $5,783,071.37
SHOPIFY INC CA SHOP 512 $192,061.44
SIMON PROPERTY GROUP LP 2.65000 02/01/2032 US 4,550,000 $3,929,541.21
SKYWORKS SOLUTIONS INC US SWKS 302 $32,878.74
SMB 2019-B A2A 2.84000 06/15/2037 US 1,629,991.75 $1,581,112.70
JM SMUCKER CO/THE-NEW COM WI US SJM 296 $37,109.52
SOFI 2017-F A2FX 2.84000 01/25/2041 US 82,452.03 $81,424.77
SOFI 2018-B A2FX MTGE 3.34000 08/25/2047 US 467,178.88 $463,992.97
SOFI 2020-A A2FX MTGE 2.54000 05/15/2046 US 924,130.91 $901,377.08
SONY CORP SPONSORED ADR JP SONY 35,422 $3,332,147.54
SOUTH CAROLINA ST PUBLIC SVC 2.32900 12/01/2028 US 230,000 $207,072.84
SOUTHWEST AIRLINES CO 5.25000 05/04/2025 US 2,027,000 $2,115,893.38
SOUTHWEST AIRLINES CO 5.12500 06/15/2027 US 353,000 $368,052.81
SIDC 2021-1A A2 MTGE 1.87700 03/26/2046 US 1,500,000 $1,360,097.09
STANLEY BLACK & DECKER INC US SWK 302 $35,844.38
SRPT 2014-STAR A FLTG RATE 2.34500 11/15/2027 US 1,278,104.61 $878,563.31
STEEL DYNAMICS INC US STLD 555 $47,385.90
SUN COMMUNITIES US SUI 4,393 $721,023.09
SCML 2019-SBC8 2.86000 04/25/2041 US 192,616.15 $180,861.75
SYNCHRONOSS TECH US 28,900 $641,002.00
SYNERGY ONE LENDING 5.50000 10/14/2026 US 740,000 $660,083.97
TJX COMPANIES INC US TJX 1,393 $88,553.01
TACORA RESOURCES INC 8.25000 05/15/2026 CA 330,000 $314,854.90
TAIWAN SEMICONDUCTOR - SP ADR TW TSM 33,961 $3,236,483.30
TARGET CORP US TGT 523 $84,663.24
TENCENT HOLDINGS 3.97500 04/11/2029 KY 5,520,000 $5,318,740.91
TERRENO REALTY CORP US TRNO 5,040 $305,978.40
TEXAS INSTRUMENTS INC US TXN 867 $153,250.92
THERMO FISHER SCIENTIFIC INC US TMO 5,732 $3,253,311.24
3M CO US MMM 925 $138,093.25
TPMT 2016-5 A1 2.50000 10/25/2056 US 228,091.24 $227,095.30
TPMT 2017-1 A1 2.75000 10/25/2056 US 281,923.52 $280,813.70
TPMT 2019-HY1 A1 2.00571 10/25/2048 US 478,471.57 $473,708.05
TRACTOR SUPPLY COMPANY US TSCO 193 $36,160.48
TRAVELLERS COS INC US TRV 471 $84,327.84
TAH 2017-SFR2 A 2.92800 01/17/2036 US 1,183,772.07 $1,170,165.15
TCF 2021-1A 1.86000 03/20/2046 US 1,666,541.67 $1,462,246.56
TYSON FOODS INC -CL A US TSN 758 $67,924.38
UDR INC US UDR 10,879 $520,016.20
U.S. BANCORP US USB 2,463 $130,711.41
UNILEVER PLC - ADR GB UL 154,827 $7,482,788.91
UNION PAC CORP US UNP 826 $181,538.28
UNITED AIR 2019-2 B PTT 3.50000 05/01/2028 US 655,201.53 $589,759.34
UNITED AIR 2018-1 B PTT 4.60000 03/01/2026 US 115,675.16 $108,360.77
UNITED MEXICAN STATES 4.12500 01/21/2026 MX 200,000 $203,058.32
UNITED PARCEL SERVICE US UPS 15,679 $2,857,497.75
US TREASURY N/BB 3.87500 08/15/2040 US 13,905,000 $15,234,665.63
US TREASURY N/B 2.50000 02/15/2045 US 6,585,000 $5,701,169.53
US TREASURY N/B 3.00000 05/15/2047 US 12,310,000 $11,734,892.19
US TREASURY N/B 2.00000 02/15/2050 US 7,680,000 $6,058,800.00
US TREASURY N/B 2.87500 05/15/2028 US 26,745,000 $26,736,642.19
US TREASURY N/B 1.62500 05/15/2026 US 12,865,000 $12,299,141.08
US TREASURY N/B 2.50000 05/15/2024 US 12,885,000 $12,883,490.01
US TREASURY N/B 2.37500 05/15/2027 US 13,720,000 $13,423,090.69
UNITED STATES TREAS NTS 2.12500 05/15/2025 US 12,490,000 $12,279,231.25
US TREASURY N/B 1.62500 05/15/2031 US 6,945,000 $6,280,884.38
VF CORP US VFC 736 $37,138.56
VENTAS INC US VTR 5,294 $300,381.56
VERTEX PHARMACEUTICALS INC US VRTX 23,674 $6,360,020.10
PARAMOUNT GLOBAL CLASS B US PARA 1,208 $41,470.64
VISA INC - CLASS A SHARES US V 46,733 $9,915,340.61
VISTRA OPERATIONS CO LLC 3.55000 07/15/2024 US 630,000 $618,403.24
VISTRA OPERATIONS 4.87500 05/13/2024 US 2,190,000 $2,198,318.61
WAL MART STORES US WMT 2,545 $327,363.35
WALGREENS BOOTS ALLIANCE INC US WBA 1,389 $60,879.87
WARRIOR MET COAL INC 7.87500 12/01/2028 US 320,000 $324,576.15
WASTE MANAGEMENT INC US WM 646 $102,397.46
WELLTOWER INC. US WELL 6,116 $544,874.44
WIN 2015-1 A1 3.50000 01/20/2045 US 51,868.72 $49,590.01
ZOETIS INC US ZTS 9,028 $1,543,156.04
ADMIRAL GROUP PLC GB ADM LN 20,429 $571,958.44
GRUPO AEROPORTUARIO DEL CENT MX OMAB MM 24,300 $175,108.66
UBISOFT ENTERTAINMENT FR UBI FP 6,783 $356,603.18
DANONE FR BN FP 4,088 $240,527.80
AIR LIQUIDE FR AI FP 4,809 $842,382.33
CANADIAN GOVERNMENT FLT 2.75000 06/01/2022 CA 358,000 $283,037.51
MEX BONOS DESARR FIX RT 6.50000 06/09/2022 MX 5,057,000 $256,917.15
BRENNTAG AG DE BNR GR 7,994 $618,548.31
MEX BONOS DESARR FIX RT 7.75000 05/29/2031 MX 972,000 $46,733.85
KEYWORDS STUDIOS PLC IE KWS LN 4,103 $121,234.27
S4 CAPITAL PLC GB SFOR LN 85,613 $306,201.93
HELIOS TOWERS PLC GB HTWS LN 131,635 $188,598.90
AVANZA BANK HOLDING AB SE AZA SS 15,739 $379,188.38
AMERICAN TANKER INC 7.75000 07/02/2025 US 715,000 $679,250.00
SOFTWAREONE HOLDING AG CH SWON SW 24,971 $333,506.01
FLAGSHIP COMMUNITIES REIT UT US MHC/U CN 15,519 $274,375.92
SEASPAN CORP 6.50000 02/05/2024 MH 700,000 $698,239.57
PETROTAL CORP 12.00000 02/16/2024 CA 556,000 $572,680.00
FINECOBANK SPA IT FBK IM 49,615 $703,073.74
ALLFUNDS GROUP PLC GB ALLFG NA 30,098 $274,538.88
COPPER MOUNTAIN MINING C 8.00000 04/09/2026 CA 672,000 $671,578.36
AIRSWIFT GLOBAL AS FLT 10.38899 05/12/2025 NO 700,000 $701,164.30
KENT GLOBAL PLC 10.00000 06/28/2026 GB 400,000 $396,000.00
ROTORK PLC GB ROR LN 98,201 $345,609.60
AUTO TRADER GROUP PLC GB AUTO LN 87,064 $647,684.05
CELLNEX TELECOM SA ES CLNX SM 4,157 $187,601.98
ASSA ABLOY AB-B SE ASSAB SS 21,590 $532,216.99
CLEANAWAY WASTE MANAGEMENT AU CWY AU 223,835 $479,701.81
INTERMEDIATE CAPITAL GROUP GB ICP LN 20,229 $401,630.41
ADYEN NV NL ADYEN NA 370 $573,006.26
BANK OF N.T. BUTTERFIELD&SON BM NTB 8,583 $271,051.14
BUNGE LIMITED US BG 384 $45,434.88
EATON CORP PLC US ETN 728 $100,900.80
JOHNSON CONTROLS INTERNATIONAL US JCI 1,372 $74,787.72
MEDTRONIC INC IE MDT 36,869 $3,692,430.35
ROYALTY PHARMA PLC- CL A US RPRX 998 $41,057.72
STONECO LTD-A BR STNE 30,094 $302,143.76
TRANE TECHNOLOGIES IE TT 364 $50,253.84
ALCON INC CH ALC 53,475 $3,996,186.75
CHUBB LTD CH CB 639 $135,014.31
GARMIN LTD CH GRMN 479 $50,591.98
TE CONNECTIVITY LIMITED CH TEL 473 $61,201.47
LYONDELLBASELL INDU-CL A US LYB 519 $59,295.75
PLAYA HOTELS AND RESORTS US PLYA 21,621 $186,805.44
BROOGE PETROLEUM AND GAS 8.50000 09/24/2025 AE 186,000 $185,830.03

Investments will change over time.

Distributions

  • Pro-Blend® Extended Term Series Class W Distribution History
  • 2022 Distribution Calendar
  • Fourth Quarter 2021 Distributions
  • Third Quarter 2021 Distributions
  • Second Quarter 2022 Distributions
  • First Quarter 2022 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

$17.92

Daily $ Change

$0.18

Daily % Change

1.00%

as of 06/23/2022

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
N-Port Part F Reports

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 their current risk tolerance and investment time horizon, then decide when to move to a different objective as their 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
5-35% 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 05/31/2022

YTD

-10.82%

1 Year

-6.41%

3 Year

9.41%

5 Year

7.51%

10 Year

7.67%

Inception
(10/12/1993)

8.08%

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 05/31/2022

TREASURY NOTES 16.41%
GOVERNMENT AGENCY 4.32%
TREASURY BONDS 3.89%
AMAZON.COM INC 2.79%
MICROSOFT CORP 1.92%
MASTERCARD INC-CLASS A 1.83%
JOHNSON & JOHNSON 1.76%
VISA INC - CLASS A SHARES 1.64%
META PLATFORMS INC 1.57%
SBA COMMUNICATIONS CORP 1.55%

This investment list is unaudited and excludes cash.

Asset Allocation

As of 05/31/2022

Stocks
52.17%
Bonds
44.23%
Cash
3.60%

Detailed Asset Class Allocation

As of 05/31/2022

International Equities
14.01%
Small Capitalization
0.74%
Mid Capitalization
3.91%
Large Capitalization
33.51%
Long Term Fixed Income
15.11%
Intermediate Term Fixed Income
23.27%
Short Term Fixed Income
5.85%
Cash
3.60%

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

May Fund Holdings

As of 05/31/2022

Security Description Country Ticker Shares/Par Market Value (USD)
ABBOTT LABORATORIES US ABT 1,478 $173,605.88
ACTIVISION INC US ATVI 41,731 $3,250,010.28
ADIDAS AG-SPONSORED ADR DE ADDYY 27,665 $2,742,708.10
AERCAP IRELAND CAP/GLOBA 3.00000 10/29/2028 IE 1,490,000 $1,306,666.57
ADYEN NV UNSPON ADR NL ADYEY 159,730 $2,472,620.40
AGREE REALTY CORP US ADC 2,751 $191,387.07
AIR LIQUIDE-ADR FR AIQUY 157,197 $5,487,747.27
AIR LEASE CORP 3.62500 04/01/2027 US 1,430,000 $1,359,923.77
ALASKA AIR 2020-1 CL B 8.00000 08/15/2025 US 223,771.65 $234,767.49
ALIBABA GROUP HOLDING 4.00000 12/06/2037 KY 2,820,000 $2,455,214.30
ALIBAB GROUP HOLDINGS 2.12500 02/09/2031 KY 780,000 $648,839.35
ADC 2021-1A A2 1.93700 08/15/2046 US 1,800,000 $1,624,217.54
ALLSTATE CORPORATION US ALL 590 $80,647.10
ALPHABET INC-CL A US GOOGL 2,561 $5,826,889.64
AMAZON.COM INC US AMZN 7,006 $16,843,755.14
AMAZON.COM INC 3.30000 04/13/2027 US 2,830,000 $2,827,392.86
DIAGEO PLC GB DGE LN 62,910 $2,922,878.85
AMERICAN HOMES 4 RENT- A US AMH 9,799 $362,171.04
AMERICAN TOWER REIT INC US AMT 1,466 $375,486.58
ANALOG DEVICES INC US ADI 837 $140,950.80
APPLE HOSPITALITY REIT INC US APLE 33,399 $558,097.29
ARBOR REALTY TRUST INC 8.00000 04/30/2023 US 215,000 $217,494.25
ARCHER-DANIELS-MIDLAND CO US ADM 1,011 $91,819.02
ARGO BLOCKCHAIN PLC GB 1,900 $39,843.00
ASHTEAD CAPITAL INC 4.00000 05/01/2028 US 1,430,000 $1,359,789.10
AUTOMATIC DATA PROCESSING US ADP 579 $129,082.26
AVALONBAY COMMUNITIES INC US AVB 2,327 $483,922.92
AVALON HOLDINGS FNDG LTD 2.75000 02/21/2028 KY 3,510,000 $3,041,538.59
BNSF FUNDING TRUST I 6.61300 12/15/2055 US 1,140,000 $1,154,101.08
BANK OF AMERICA CORP 2.68700 04/22/2032 US 2,330,000 $2,038,542.82
BARRICK GOLD CORP CA GOLD 97,767 $2,003,245.83
BAXTER INTERNATIONAL INC US BAX 770 $58,558.50
BEST BUY INC US BBY 562 $46,117.72
BIOMARIN PHARMACEUTICAL INC US BMRN 79,532 $5,975,239.16
BLACKROCK INC US BLK 4,395 $2,940,606.60
BLACKSTONE PRIVATE CRE 2.62500 12/15/2026 US 1,540,000 $1,339,854.84
BLACKSTONE SECURED LEND 2.75000 09/16/2026 US 1,500,000 $1,364,615.42
DECHRA PHARMACEUTICALS PLC GB DPH LN 10,453 $479,138.87
BRANDYWINE REALTY TRUST US BDN 16,613 $185,234.95
BABS 2021-RM2 A 1.75000 10/25/2061 US 1,355,754.42 $1,226,666.13
BRISTOL MYERS SQUIBB CO US BMY 2,602 $196,320.90
BROADRIDGE FINANCIAL SOLUTIONS US BR 295 $43,134.90
JONAH ENERGY PARENT LLC US 6,986 $374,868.76
SORT 2020-1 A1 MTGE 1.69000 07/15/2060 US 851,465.74 $781,160.55
SORT 2020-1 A2 1.99000 07/15/2060 US 781,710.49 $686,415.06
C.H. ROBINSON WORLDWIDE INC US CHRW 367 $39,823.17
CIM 2019-INV1 A1 4.00000 02/25/2049 US 51,027.85 $50,968.45
CLIF 2021-1A A MTGE 1.64000 02/18/2046 US 1,706,667.87 $1,534,308.09
CSMC 2013-IVR3 A1 2.50000 05/25/2043 US 180,513.69 $169,363.79
CSMC 2014-IVR3 A1 3.50000 07/25/2044 US 65,500.9 $62,106.95
COTERRA ENERGY INC US CTRA 1,506 $51,700.98
CAMDEN PROPERTY TRUST US CPT 2,240 $321,417.60
CAMECO CORP CA CCJ 6,999 $171,265.53
CAMPBELL SOUP CO US CPB 833 $39,909.03
CANADIAN NATIONAL RAILWAY CO CA CNI 41,794 $4,755,321.32
CARETRUST REIT INC US CTRE 11,093 $205,553.29
CATERPILLAR INC US CAT 796 $171,816.60
CENOVUS ENERGY INC 6.75000 11/15/2039 CA 3,470,000 $3,910,360.94
CENTURYLINK INC 7.50000 04/01/2024 US 640,000 $662,092.52
CHARTER COMMUNICATIONS INC-A US CHTR 11,114 $5,634,020.02
CHEVRON CORP US CVX 1,459 $254,828.94
CINCINNATI FINANCIAL CORP US CINF 407 $52,039.02
CISCO SYSTEMS INC US CSCO 4,969 $223,853.45
CITIGROUP INC US C 3,076 $164,289.16
CITIGROUP INC 1.46200 06/09/2027 US 2,230,000 $2,008,722.39
CMLTI 2021-INV1 2.50000 05/25/2051 US 914,713.18 $805,073.16
CLARK CNTY NV 1.51000 11/01/2028 US 2,340,000 $2,058,591.93
COCA COLA CO/THE US KO 88,683 $5,620,728.54
COLGATE-PALMOLIVE CO US CL 1,397 $110,097.57
COMCAST CORP-CL A US CMCSA 5,373 $237,916.44
CBSLT 2019-AGS A1 MTGE 2.54000 01/25/2047 US 704,232.74 $687,580.85
COMMUNITY HEALTHCARE TRUST I US CHCT 5,779 $217,752.72
CONAGRA BRAND INC. US CAG 1,267 $41,671.63
CONOCOPHILLIPS US COP 1,356 $152,360.16
CONTROLADORA VUELA CIA DE AV MX VLRS 11,499 $179,154.42
COPART INC US CPRT 25,391 $2,908,031.23
COUSINS PROPERTIES INC US CUZ 13,682 $472,713.10
CAALT 2020-1A 2.01000 02/15/2029 US 219,077.45 $218,680.68
CAALT 2021-2A A 0.96000 02/15/2030 US 1,900,000 $1,828,916.71
CROWN CASTLE INTL CORP 3.10000 11/15/2029 US 1,720,000 $1,564,221.82
CSMC 2013-TH1 A1 2.13000 02/25/2043 US 108,795.97 $99,176.88
CUMMINS INC US CMI 329 $68,800.48
KIMBERLY CLARK DE MEXICO S.A.B. MX 265,300 $410,476.61
DEVON ENERGY CORPORATION US DVN 1,002 $75,049.80
DIAMONDBACK ENERGY INC US FANG 321 $48,798.42
DIGITAL REALTY TRUST INC US DLR 4,218 $588,790.62
DOLLAR GENERAL CORP US DG 15,133 $3,334,405.22
DOLLAR TREE STORES INC US DLTR 21,426 $3,435,230.58
DOW INC US DOW 1,021 $69,407.58
DREYFUS GVT CSH MANAGEMENT US 22,557,913.64 $22,557,913.64
DUKE RLTY INVTS INC US DRE 9,546 $504,315.18
EOG RESOURCES INC US EOG 741 $101,487.36
EASTMAN CHEM CO US EMN 376 $41,420.16
EBAY INC US EBAY 939 $45,701.13
ECO MATERIAL TECH INC 7.87500 01/31/2027 US 325,000 $307,973.13
ELECTRONIC ARTS US EA 25,970 $3,600,740.50
EMERSON ELEC CO US EMR 1,095 $97,082.70
ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 US 2,960,000 $3,095,381.05
EQUINIX INC US EQIX 6,806 $4,676,334.54
EQUITY LIFESTYLE PROPERTIES US ELS 8,443 $639,135.10
ESSEX PROPERTY TRUST INC US ESS 1,434 $407,040.90
EXPEDIA GROUP INC 3.25000 02/15/2030 US 1,480,000 $1,308,677.92
EXTRA SPACE STORAGE INC US EXR 2,096 $373,507.20
FMC CORP US FMC 62,445 $7,654,508.10
FS ENERGY & POWER FUND 7.50000 08/15/2023 US 695,000 $707,856.02
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FREMF 2013-K28 X2A 0.10000 06/25/2046 US 69,617,900.53 $32,832.50
META PLATFORMS INC US FB 48,866 $9,462,412.24
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FHLM POOL G13078 6.00000 03/01/2023 US 298.38 $299.50
FHLM POOL C91762 4.50000 05/01/2034 US 228,005.74 $236,839.81
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FHLM POOL C91780 4.50000 07/01/2034 US 306,185.26 $319,344.11
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FHLM POOL Q33778 4.00000 06/01/2045 US 315,554.52 $321,347.32
FNA 2017-M15 A1 FLT 2.95843 09/25/2027 US 799,199.83 $797,272.58
FNR 2018-31 KP 3.50000 07/25/2047 US 36,316.72 $36,533.30
FNR 2021-69 WJ 1.50000 10/25/2050 US 967,193.44 $863,358.11
FHMS K030 X1 FLT 0.14558 04/25/2023 US 38,351,410.45 $44,600.01
FHMS K032 X1 FLT 0.06799 05/25/2023 US 25,227,555.81 $21,626.57
FHR 5189 CP 2.50000 06/25/2049 US 2,110,533.47 $1,962,545.14
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FEDERAL NATL MTG ASSN AL7729 4.00000 06/01/2043 US 217,312.79 $222,574.95
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FEDERAL NATL MTG ASSN AX5234 4.50000 11/01/2044 US 207,975.62 $216,873.50
FEDERAL NATL MTG ASSN BC6764 3.50000 04/01/2046 US 155,366.77 $154,694.64
FEDERAL NATL MTG ASSN BD6997 4.00000 10/01/2046 US 172,630.36 $175,005.99
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FEDERAL NATL MTG ASSN FN FS1179 3.50000 12/01/2049 US 2,697,188.81 $2,682,296.74
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FEDERAL NATL MTG ASSN 889576 6.00000 04/01/2038 US 126,538.12 $140,143.22
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FEDERAL NATL MTG ASSN MA0258 4.50000 12/01/2039 US 218,252.68 $227,794.03
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FEDERAL NATL MTG ASSN MA1903 4.50000 05/01/2034 US 165,342.48 $171,590.76
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FEDERAL NATL MTG ASSN FN MA4687 4.00000 06/01/2042 US 2,770,000 $2,803,503.15
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FEDERAL NATL MTG ASSN AD0207 6.00000 10/01/2038 US 331,247.03 $366,179.30
FEDERAL NATL MTG ASSN AD0462 5.50000 10/01/2024 US 2,192.52 $2,260.43
FEDEX CORPORATION US FDX 13,831 $3,106,165.98
FIFTH THIRD BANCORP US FITB 1,597 $62,969.71
FLX 2021-1A A2 3.25000 11/27/2051 US 2,150,000 $1,992,113.89
FONTAINEBLEAU MIAMI BEACH TRUST 3.14400 12/10/2036 US 1,571,000 $1,513,903.37
FORD MOTOR CREDIT 3.08700 01/09/2023 US 330,000 $329,696.77
GSMBS 2021-PJ6 A8 2.50000 11/25/2051 US 999,648.53 $929,033.56
GSMBS 2021-PJ9 A8 2.50000 02/26/2052 US 1,025,528.95 $951,108.18
GSMBS 2021-INV1 A9 1.43446 12/25/2051 US 1,288,797.29 $1,219,615.68
GENERAL DYNAMICS CORP US GD 466 $104,808.06
GENERAL MLS INC US GIS 1,159 $80,956.15
GENUINE PARTS CO US GPC 373 $51,000.29
GETTY REALTY CORP US GTY 7,481 $209,019.14
GILEAD SCIENCES INC US GILD 2,080 $134,888.00
GNR 2017-54 AH MTGE 2.60000 12/16/2056 US 524,455.67 $510,778.91
GRAPHIC PACKAGING HOLDING CO US GPK 248,122 $5,523,195.72
GREENIDGE GEN HLD INC US 14,200 $282,864.00
GRUPO AEROPORTUARIO PAC-ADR MX PAC 1,640 $246,623.20
GRUPO AEROPORTUARIO DEL SURESTE MX ASR 1,152 $250,318.08
AIRBUS SE FR AIR FP 2,804 $328,617.04
ADIDAS AG DE ADS GR 3,079 $611,697.64
HCA INC 4.12500 06/15/2029 US 2,060,000 $2,005,299.21
L'OREAL FR OR FP 364 $128,568.99
HAWAII ST 2.68200 10/01/2038 US 1,795,000 $1,421,430.42
HEALTHCARE REALTY TRUST INC US HR 9,576 $278,374.32
HEALTHCARE TRUST OF AMERICA US HTA 6,567 $197,338.35
HEINEKEN NV-SPN ADR NL HEINY 70,815 $3,571,908.60
HOME DEPOT INC US HD 1,016 $307,594.00
HONEYWELL INTERNATIONAL INC US HON 941 $182,196.42
IIP OPERATING PARTNER 5.50000 05/25/2026 US 700,000 $661,919.92
IDEXX LABORATORIES INC US IDXX 6,195 $2,426,085.90
KERRY GROUP PLC-A IE KYGA ID 2,139 $221,365.58
ILLINOIS TOOL WKS INC US ITW 551 $114,646.57
IMPRL 2021-NQM3 1.59500 11/25/2056 US 1,195,590.14 $1,135,021.42
INDEPENDENCE REALTY TRUST IN US IRT 9,911 $233,007.61
INTEL CORP US INTC 5,101 $226,586.42
INTERCONTINENTALEXCHANGE INC US ICE 49,506 $5,068,919.34
INTERNATIONAL FLVRS & FRAGRANCES US IFF 547 $72,296.99
INVITATION HOMES INC US INVH 15,850 $597,862.00
ITALY GOV'T INT BOND 2.37500 10/17/2024 IT 440,000 $430,374.73
JP MORGAN CHASE & CO US JPM 2,935 $388,095.05
JPMMT 2014-2 1A1 3.00000 06/25/2029 US 227,879.35 $220,544.42
JPMORGAN CHASE & CO 4.49300 03/24/2031 US 3,330,000 $3,374,064.69
JPMMT 2017-2 A3 3.50000 05/25/2047 US 118,555.59 $111,733.48
JOHNSON & JOHNSON US JNJ 59,149 $10,619,019.97
KREF 2021-FL2 A 1.95671 02/15/2039 US 1,300,000 $1,259,287.38
KEYCORP US KEY 1,853 $36,985.88
KROGER CO US KR 1,436 $76,064.92
L3HARRIS TECHNOLOGIES INC US LHX 13,197 $3,179,157.30
BEIERSDORF AG DE BEI GR 5,374 $557,774.74
LENNAR CORP US LEN 520 $41,730.00
LIFE STORAGE INC US LSI 3,680 $429,676.80
LOCKHEED MARTIN CORP US LMT 366 $161,080.26
LULULEMON - ADR CA LULU 12,051 $3,527,207.19
MAGALLANES INC 4.05400 03/15/2029 US 3,450,000 $3,307,307.45
ATOS SE FR ATO FP 16,954 $446,305.30
MARATHON PETROLEUM CORP US MPC 752 $76,546.08
MARRIOTT VACATIONS WORLD US VAC 1,564 $231,034.08
MASTERCARD INC-CLASS A US MA 30,917 $11,064,266.79
MCDONALDS CORP US MCD 633 $159,648.93
ACCOR SA FR AC FP 7,463 $245,568.16
MERCADOLIBRE INC AR MELI 466 $366,220.08
MERCK & CO INC US MRK 2,725 $250,781.75
MICROSOFT CORP US MSFT 42,564 $11,571,874.68
MICROCHIP TECHNOLOGY INC US MCHP 873 $63,423.45
MID-AMERICA APARTMENT COMM US MAA 2,966 $536,846.00
MONDELEZ INTERNATIONAL INC US MDLZ 111,222 $7,069,270.32
MOODY'S CORPORATION US MCO 19,057 $5,747,019.49
MOTOROLA SOLUTIONS INC US MSI 343 $75,370.82
NAVIENT CORP 6.75000 06/25/2025 US 50,000 $50,466.75
NAVSL 2020-FA A 1.22000 07/15/2069 US 652,100.66 $629,886.49
NSLT 2012-3A A MTGE FLT 1.70571 02/25/2045 US 254,104.16 $249,136.53
NETAPP INC US NTAP 615 $44,249.25
USRE 2021-1 A1 1.91000 10/20/2061 US 2,275,000 $2,029,305.92
NRZT 2014-3A AFX3 3.75000 11/25/2054 US 225,496.83 $221,495.14
NRZT 2015-2A A1 3.75000 08/25/2055 US 303,105.89 $295,292.49
NRZT 2016-4A A1 3.75000 11/25/2056 US 339,247.76 $331,535.88
KEYENCE CORP JP 6861 JP 1,100 $437,334.24
NEW YORK CITY NY TRANSITIONALFIN 1.58000 05/01/2024 US 635,000 $616,428.80
NEWCASTLE COAL INFRASTRU 4.40000 09/29/2027 AU 1,520,000 $1,381,650.48
NEWMONT GOLDCORP CORP US NEM 29,476 $1,999,946.60
NEXPOINT RESIDENTIAL US NXRT 2,824.49 $207,543.52
NORFOLK SOUTHN CORP US NSC 12,238 $2,932,959.08
NIKON CORP JP 7731 JP 44,500 $552,169.46
NORTHROP GRUMMAN CORP US NOC 7,115 $3,329,606.55
NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 CA 653,000 $65.30
NOVARTIS AG- REG CH NVS 82,409 $7,494,274.46
NUCOR CORP US NUE 551 $72,985.46
OBX 2022-INV1 A1 3.00000 12/25/2051 US 1,578,827.55 $1,439,561.03
OMNICOM GROUP US OMC 574 $42,826.14
SONY CORP FIRST SECTION JP 6758 JP 4,400 $412,673.53
OWL ROCK TECHNOLOGY 3.75000 06/17/2026 US 1,460,000 $1,359,548.89
OXFIN 2020-1A A2 3.10100 02/15/2028 US 1,055,113.44 $1,049,027.97
OXFIN 2019-1A A2 4.45900 02/15/2027 US 326,548.04 $325,772.88
OXFIN 2022-1A 3.60200 02/15/2030 US 1,975,000 $1,879,923.90
PMTLT 2013-J1 a9 3.50000 09/25/2043 US 293,726.92 $279,249.92
PPG INDUSTRIES INC US PPG 371 $46,927.79
PACKAGING CORP OF AMERICA US PKG 264 $41,521.92
PARKER HANNIFIN CORP US PH 205 $55,794.85
DEUTSCHE BOERSE AG DE DB1 GR 4,390 $737,797.28
PAYPAL HOLDINGS INC US PYPL 60,355 $5,142,849.55
PEAR 2021-1 A MTGE 2.60000 01/15/2034 US 2,393,921.2 $2,303,749.13
NESTLE SA-REGISTERED CH NESN SW 51,941 $6,353,279.24
PFIZER INC US PFE 4,048 $214,705.92
PIONEER NATURAL RESOURCES CO US PXD 325 $90,330.50
POPULAR INC 6.12500 09/14/2023 PR 665,000 $672,526.61
PROCTER & GAMBLE CO US PG 2,245 $331,990.60
PROLOGIS US PLD 14,623 $1,864,140.04
PFMT 2021 -INV1 A1 2.50000 08/25/2051 US 1,931,089.84 $1,696,257.57
PFMT 2021-2 A2A 2.00000 04/25/2051 US 1,222,746.34 $1,107,705.23
PUBLIC STORAGE INC US PSA 2,656 $878,179.84
QUALCOMM INC US QCOM 1,366 $195,638.52
QUALCOMM INC 4.25000 05/20/2032 US 2,640,000 $2,741,291.41
QUEST DIAGNOSTICS INC US DGX 334 $47,100.68
RCKT 2021-6 A1 2.50000 12/25/2051 US 2,045,154.33 $1,793,923.81
RADIUS GLOBAL INFRASTRUCTURE US RADI 48,821 $727,432.90
RAILWORKS HOLDINGS LP/R 8.25000 11/15/2028 US 735,000 $711,258.36
REGIONS FINANCIAL CORP. US RF 2,449 $54,098.41
REPUBLIC SERVICES INC US RSG 593 $79,367.12
RESTAURANT BRANDS INTERN CA QSR 4,829 $253,570.79
REXFORD INDUSTRIAL REALITY IN US REXR 9,031 $576,809.97
GETINGE AB-B SHS SE GETIB SS 16,523 $479,517.41
ROSS STORES INC US ROST 557 $47,356.14
HEINEKEN NV NL HEIA NA 3,633 $365,309.28
RYANAIR HOLDINGS - ADR IE RYAAY 34,953 $3,047,901.60
S&P GLOBAL INC US SPGI 5,785 $2,021,741.80
SBA COMMUNICATIONS CORP US SBAC 27,767 $9,346,649.87
NAVIENT CORP 5.50000 01/25/2023 US 325,000 $326,366.32
SLAM 2021-1A A MTGE 2.43400 06/15/2046 US 1,696,860 $1,463,519.01
SMB 2020-A A2A MTGE 2.23000 09/15/2037 US 333,320.73 $318,233.67
SMB 2020-BA A1A 1.29000 07/15/2053 US 1,078,227.19 $1,005,297.74
SALESFORCE INC US CRM 35,451 $5,680,668.24
SEA LTD - ADR SG SE 53,091 $4,388,502.06
SEAGEN INC US SGEN 47,076 $6,387,271.68
SEMT 2013-6 A2 3.00000 05/25/2043 US 551,968.28 $516,915.45
SEMT 2013-7 A2 3.00000 06/25/2043 US 119,881.15 $112,330.60
SEMT 2013-8 A1 3.00000 06/25/2043 US 135,072.45 $126,864.46
SEMT 2013-2 1.87400 02/25/2043 US 118,582.53 $107,395.34
SERVICENOW INC US NOW 12,371 $5,783,071.37
SHOPIFY INC CA SHOP 512 $192,061.44
SIMON PROPERTY GROUP LP 2.65000 02/01/2032 US 4,550,000 $3,929,541.21
SKYWORKS SOLUTIONS INC US SWKS 302 $32,878.74
SMB 2019-B A2A 2.84000 06/15/2037 US 1,629,991.75 $1,581,112.70
JM SMUCKER CO/THE-NEW COM WI US SJM 296 $37,109.52
SOFI 2017-F A2FX 2.84000 01/25/2041 US 82,452.03 $81,424.77
SOFI 2018-B A2FX MTGE 3.34000 08/25/2047 US 467,178.88 $463,992.97
SOFI 2020-A A2FX MTGE 2.54000 05/15/2046 US 924,130.91 $901,377.08
SONY CORP SPONSORED ADR JP SONY 35,422 $3,332,147.54
SOUTH CAROLINA ST PUBLIC SVC 2.32900 12/01/2028 US 230,000 $207,072.84
SOUTHWEST AIRLINES CO 5.25000 05/04/2025 US 2,027,000 $2,115,893.38
SOUTHWEST AIRLINES CO 5.12500 06/15/2027 US 353,000 $368,052.81
SIDC 2021-1A A2 MTGE 1.87700 03/26/2046 US 1,500,000 $1,360,097.09
STANLEY BLACK & DECKER INC US SWK 302 $35,844.38
SRPT 2014-STAR A FLTG RATE 2.34500 11/15/2027 US 1,278,104.61 $878,563.31
STEEL DYNAMICS INC US STLD 555 $47,385.90
SUN COMMUNITIES US SUI 4,393 $721,023.09
SCML 2019-SBC8 2.86000 04/25/2041 US 192,616.15 $180,861.75
SYNCHRONOSS TECH US 28,900 $641,002.00
SYNERGY ONE LENDING 5.50000 10/14/2026 US 740,000 $660,083.97
TJX COMPANIES INC US TJX 1,393 $88,553.01
TACORA RESOURCES INC 8.25000 05/15/2026 CA 330,000 $314,854.90
TAIWAN SEMICONDUCTOR - SP ADR TW TSM 33,961 $3,236,483.30
TARGET CORP US TGT 523 $84,663.24
TENCENT HOLDINGS 3.97500 04/11/2029 KY 5,520,000 $5,318,740.91
TERRENO REALTY CORP US TRNO 5,040 $305,978.40
TEXAS INSTRUMENTS INC US TXN 867 $153,250.92
THERMO FISHER SCIENTIFIC INC US TMO 5,732 $3,253,311.24
3M CO US MMM 925 $138,093.25
TPMT 2016-5 A1 2.50000 10/25/2056 US 228,091.24 $227,095.30
TPMT 2017-1 A1 2.75000 10/25/2056 US 281,923.52 $280,813.70
TPMT 2019-HY1 A1 2.00571 10/25/2048 US 478,471.57 $473,708.05
TRACTOR SUPPLY COMPANY US TSCO 193 $36,160.48
TRAVELLERS COS INC US TRV 471 $84,327.84
TAH 2017-SFR2 A 2.92800 01/17/2036 US 1,183,772.07 $1,170,165.15
TCF 2021-1A 1.86000 03/20/2046 US 1,666,541.67 $1,462,246.56
TYSON FOODS INC -CL A US TSN 758 $67,924.38
UDR INC US UDR 10,879 $520,016.20
U.S. BANCORP US USB 2,463 $130,711.41
UNILEVER PLC - ADR GB UL 154,827 $7,482,788.91
UNION PAC CORP US UNP 826 $181,538.28
UNITED AIR 2019-2 B PTT 3.50000 05/01/2028 US 655,201.53 $589,759.34
UNITED AIR 2018-1 B PTT 4.60000 03/01/2026 US 115,675.16 $108,360.77
UNITED MEXICAN STATES 4.12500 01/21/2026 MX 200,000 $203,058.32
UNITED PARCEL SERVICE US UPS 15,679 $2,857,497.75
US TREASURY N/BB 3.87500 08/15/2040 US 13,905,000 $15,234,665.63
US TREASURY N/B 2.50000 02/15/2045 US 6,585,000 $5,701,169.53
US TREASURY N/B 3.00000 05/15/2047 US 12,310,000 $11,734,892.19
US TREASURY N/B 2.00000 02/15/2050 US 7,680,000 $6,058,800.00
US TREASURY N/B 2.87500 05/15/2028 US 26,745,000 $26,736,642.19
US TREASURY N/B 1.62500 05/15/2026 US 12,865,000 $12,299,141.08
US TREASURY N/B 2.50000 05/15/2024 US 12,885,000 $12,883,490.01
US TREASURY N/B 2.37500 05/15/2027 US 13,720,000 $13,423,090.69
UNITED STATES TREAS NTS 2.12500 05/15/2025 US 12,490,000 $12,279,231.25
US TREASURY N/B 1.62500 05/15/2031 US 6,945,000 $6,280,884.38
VF CORP US VFC 736 $37,138.56
VENTAS INC US VTR 5,294 $300,381.56
VERTEX PHARMACEUTICALS INC US VRTX 23,674 $6,360,020.10
PARAMOUNT GLOBAL CLASS B US PARA 1,208 $41,470.64
VISA INC - CLASS A SHARES US V 46,733 $9,915,340.61
VISTRA OPERATIONS CO LLC 3.55000 07/15/2024 US 630,000 $618,403.24
VISTRA OPERATIONS 4.87500 05/13/2024 US 2,190,000 $2,198,318.61
WAL MART STORES US WMT 2,545 $327,363.35
WALGREENS BOOTS ALLIANCE INC US WBA 1,389 $60,879.87
WARRIOR MET COAL INC 7.87500 12/01/2028 US 320,000 $324,576.15
WASTE MANAGEMENT INC US WM 646 $102,397.46
WELLTOWER INC. US WELL 6,116 $544,874.44
WIN 2015-1 A1 3.50000 01/20/2045 US 51,868.72 $49,590.01
ZOETIS INC US ZTS 9,028 $1,543,156.04
ADMIRAL GROUP PLC GB ADM LN 20,429 $571,958.44
GRUPO AEROPORTUARIO DEL CENT MX OMAB MM 24,300 $175,108.66
UBISOFT ENTERTAINMENT FR UBI FP 6,783 $356,603.18
DANONE FR BN FP 4,088 $240,527.80
AIR LIQUIDE FR AI FP 4,809 $842,382.33
CANADIAN GOVERNMENT FLT 2.75000 06/01/2022 CA 358,000 $283,037.51
MEX BONOS DESARR FIX RT 6.50000 06/09/2022 MX 5,057,000 $256,917.15
BRENNTAG AG DE BNR GR 7,994 $618,548.31
MEX BONOS DESARR FIX RT 7.75000 05/29/2031 MX 972,000 $46,733.85
KEYWORDS STUDIOS PLC IE KWS LN 4,103 $121,234.27
S4 CAPITAL PLC GB SFOR LN 85,613 $306,201.93
HELIOS TOWERS PLC GB HTWS LN 131,635 $188,598.90
AVANZA BANK HOLDING AB SE AZA SS 15,739 $379,188.38
AMERICAN TANKER INC 7.75000 07/02/2025 US 715,000 $679,250.00
SOFTWAREONE HOLDING AG CH SWON SW 24,971 $333,506.01
FLAGSHIP COMMUNITIES REIT UT US MHC/U CN 15,519 $274,375.92
SEASPAN CORP 6.50000 02/05/2024 MH 700,000 $698,239.57
PETROTAL CORP 12.00000 02/16/2024 CA 556,000 $572,680.00
FINECOBANK SPA IT FBK IM 49,615 $703,073.74
ALLFUNDS GROUP PLC GB ALLFG NA 30,098 $274,538.88
COPPER MOUNTAIN MINING C 8.00000 04/09/2026 CA 672,000 $671,578.36
AIRSWIFT GLOBAL AS FLT 10.38899 05/12/2025 NO 700,000 $701,164.30
KENT GLOBAL PLC 10.00000 06/28/2026 GB 400,000 $396,000.00
ROTORK PLC GB ROR LN 98,201 $345,609.60
AUTO TRADER GROUP PLC GB AUTO LN 87,064 $647,684.05
CELLNEX TELECOM SA ES CLNX SM 4,157 $187,601.98
ASSA ABLOY AB-B SE ASSAB SS 21,590 $532,216.99
CLEANAWAY WASTE MANAGEMENT AU CWY AU 223,835 $479,701.81
INTERMEDIATE CAPITAL GROUP GB ICP LN 20,229 $401,630.41
ADYEN NV NL ADYEN NA 370 $573,006.26
BANK OF N.T. BUTTERFIELD&SON BM NTB 8,583 $271,051.14
BUNGE LIMITED US BG 384 $45,434.88
EATON CORP PLC US ETN 728 $100,900.80
JOHNSON CONTROLS INTERNATIONAL US JCI 1,372 $74,787.72
MEDTRONIC INC IE MDT 36,869 $3,692,430.35
ROYALTY PHARMA PLC- CL A US RPRX 998 $41,057.72
STONECO LTD-A BR STNE 30,094 $302,143.76
TRANE TECHNOLOGIES IE TT 364 $50,253.84
ALCON INC CH ALC 53,475 $3,996,186.75
CHUBB LTD CH CB 639 $135,014.31
GARMIN LTD CH GRMN 479 $50,591.98
TE CONNECTIVITY LIMITED CH TEL 473 $61,201.47
LYONDELLBASELL INDU-CL A US LYB 519 $59,295.75
PLAYA HOTELS AND RESORTS US PLYA 21,621 $186,805.44
BROOGE PETROLEUM AND GAS 8.50000 09/24/2025 AE 186,000 $185,830.03

Investments will change over time.

Distributions

  • Pro-Blend® Extended Term Series Class W Distribution History
  • 2022 Distribution Calendar
  • Fourth Quarter 2021 Distributions
  • Third Quarter 2021 Distributions
  • Second Quarter 2022 Distributions
  • First Quarter 2022 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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