Investment Objective

To provide long-term capital growth.

Investment Strategy

The portfolio is invested in an aggressive, growth-oriented mix of securities that seeks to earn the long-term growth typically associated with the stock market. Holdings are diversified primarily among various stock investments in both domestic and foreign markets; only a minor portion of the fund is invested in 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 seek long-term capital growth and generally have the time to withstand market volatility
  • Who have a very 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

$8.19

Daily $ Change

-$0.12

Daily % Change

-1.47%

as of 09/29/2022

Ticker

MNHCX

CUSIP

56382P591

Inception Date

01/04/2010

Investment Minimum

$2,000.00

Prior to 03/01/2019, the Class L shares were designated as the Class R2 shares. Investment minimum may be waived for certain qualified retirement plans, participants in an automatic investment program, and discretionary investment accounts of the Advisor.

Important Documents

Summary Prospectus
Prospectus
Statement of Additional Information
Annual Report
Semi-Annual Report
Fact Sheet
Applications & Forms
N-Port Part F Reports

Performance

As of 08/31/2022

YTD

-18.50%

1 Year

-17.20%

3 Year

7.49%

5 Year

7.74%

10 Year

8.51%

Inception
(11/01/1995)

8.11%

Inception performance is based on the Pro-Blend® Maximum Term Series Class S inception of 11/01/1995. For periods through 01/04/2010 (the inception date of the Class L shares), performance for the Class L shares is hypothetical and is based on the historical performance of the Class S shares adjusted for the Class L shares’ charges and expenses. 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 1.82%*

Includes a 12b-1 fee of 1.00%, of which up to 0.25% is available as a shareholder servicing fee.

Top Ten Investments

As of 08/31/2022

TREASURY NOTES 6.43%
AMAZON.COM INC 3.26%
MICROSOFT CORP 3.05%
TREASURY BONDS 2.17%
COCA COLA CO/THE 2.11%
MASTERCARD INC-CLASS A 1.97%
MONDELEZ INTERNATIONAL INC 1.92%
SALESFORCE INC 1.84%
MEDTRONIC INC 1.80%
SERVICENOW INC 1.72%

This investment list is unaudited and excludes cash.

Asset Allocation

As of 08/31/2022

Stocks 83.35%
Bonds 11.31%
Cash 5.34%

Detailed Asset Class Allocation

As of 08/31/2022

International Equities 23.24%
Small Capitalization 2.41%
Mid Capitalization 7.34%
Large Capitalization 50.36%
Long Term Fixed Income 2.51%
Intermediate Term Fixed Income 5.96%
Short Term Fixed Income 2.84%
Cash 5.34%

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

August Fund Holdings

As of 08/31/2022

Security Description Country Ticker Shares/Par Market Value (USD)
ABBOTT LABORATORIES US ABT 1,395 $143,196.75
ACTIVISION INC US ATVI 30,385 $2,384,918.65
ADIDAS AG-SPONSORED ADR DE ADDYY 43,569 $3,231,948.42
ADMIRAL GROUP PLC GB AMIGY 85,791 $2,160,217.38
AERCAP IRELAND CAP/GLOBA 3.00000 10/29/2028 IE 300,000 $257,121.60
ADYEN NV UNSPON ADR NL ADYEY 243,730 $3,780,252.30
AGREE REALTY CORP US ADC 1,205 $90,760.60
AIR LIQUIDE-ADR FR AIQUY 117,486 $2,945,374.02
AIR LEASE CORP 3.62500 04/01/2027 US 280,000 $259,769.81
ALASKA AIR 2020-1 CL B 8.00000 08/15/2025 US 69,908.42 $70,384.27
ALIBABA GROUP HOLDING 4.00000 12/06/2037 KY 460,000 $386,848.73
ALIBAB GROUP HOLDINGS 2.12500 02/09/2031 KY 250,000 $208,332.54
ALIGN TECHNOLOGY INC US ALGN 9,783 $2,384,117.10
ALLSTATE CORPORATION US ALL 580 $69,890.00
ALPHABET INC-CL A US GOOGL 50,660 $5,482,425.20
AMAZON.COM INC US AMZN 108,120 $13,706,372.40
AMAZON.COM INC 3.30000 04/13/2027 US 590,000 $577,272.32
DIAGEO PLC GB DGE LN 9,990 $434,029.49
BAE SYSTEMS PLC GB BA/ LN 39,097 $352,111.50
AMERICAN HOMES 4 RENT- A US AMH 5,987 $212,897.72
AMERICAN TOWER REIT INC US AMT 665 $168,943.25
ANALOG DEVICES INC US ADI 796 $120,617.88
APPLE HOSPITALITY REIT INC US APLE 13,196 $209,948.36
ARBOR REALTY TRUST INC 8.00000 04/30/2023 US 80,000 $80,793.66
ARCHER-DANIELS-MIDLAND CO US ADM 916 $80,507.24
ARGO BLOCKCHAIN PLC GB 2,921 $52,081.43
ASHTEAD CAPITAL INC 4.00000 05/01/2028 US 230,000 $210,765.45
AUTOMATIC DATA PROCESSING US ADP 566 $138,336.06
AVALONBAY COMMUNITIES INC US AVB 1,007 $202,316.37
BAE SYSTEMS PLC -SPON ADR GB BAESY 76,911 $2,776,487.10
BNSF FUNDING TRUST I 6.61300 12/15/2055 US 240,000 $236,262.88
BANK OF AMERICA CORP 2.68700 04/22/2032 US 480,000 $400,614.44
BARRICK GOLD CORP CA GOLD 72,835 $1,081,599.75
BAXTER INTERNATIONAL INC US BAX 699 $40,164.54
BEST BUY INC US BBY 562 $39,727.78
BIOMARIN PHARMACEUTICAL INC US BMRN 34,414 $3,069,728.80
BLACKROCK INC US BLK 7,217 $4,809,336.63
BLACKSTONE SECURED LEND 2.75000 09/16/2026 US 240,000 $212,352.06
DECHRA PHARMACEUTICALS PLC GB DPH LN 6,833 $276,346.45
BOSTON SCIENTIFIC CORP US BSX 52,679 $2,123,490.49
BRANDYWINE REALTY TRUST US BDN 7,529 $60,457.87
BRENNTAG AG-UNSP ADR DE BNTGY 146,104 $1,912,501.36
BRISTOL MYERS SQUIBB CO US BMY 2,619 $176,546.79
BROADRIDGE FINANCIAL SOLUTIONS US BR 281 $48,098.77
JONAH ENERGY PARENT LLC US 2,449 $139,372.59
CBOE GLOBAL MARKETS INC US CBOE 16,495 $1,945,915.15
CDW CORP/DE US CDW 13,269 $2,265,018.30
C.H. ROBINSON WORLDWIDE INC US CHRW 367 $41,893.05
CIM 2019-INV1 A1 4.00000 02/25/2049 US 477.27 $473.63
CSMC 2013-IVR3 A1 2.50000 05/25/2043 US 2,092.07 $1,943.33
CSMC 2014-IVR3 A1 3.50000 07/25/2044 US 3,154.87 $3,050.27
CVS HEALTH CORP US CVS 32,136 $3,154,148.40
COTERRA ENERGY INC US CTRA 1,278 $39,502.98
CAMDEN PROPERTY TRUST US CPT 1,144 $147,015.44
CAMECO CORP CA CCJ 5,415 $157,847.25
CAMPBELL SOUP CO US CPB 792 $39,900.96
CANADIAN NATIONAL RAILWAY CO CA CNI 43,522 $5,175,201.02
CARETRUST REIT INC US CTRE 8,051 $173,418.54
CATERPILLAR INC US CAT 701 $129,481.71
CELLNEX TELECOM SAU-UNSP ADR ES CLLNY 195,184 $3,792,425.12
CENOVUS ENERGY INC 6.75000 11/15/2039 CA 563,000 $614,913.03
CHARTER COMMUNICATIONS INC-A US CHTR 11,424 $4,713,885.12
CHEVRON CORP US CVX 1,285 $203,107.10
CINCINNATI FINANCIAL CORP US CINF 372 $36,069.12
CISCO SYSTEMS INC US CSCO 4,353 $194,666.16
CITIGROUP INC US C 2,800 $136,668.00
CITIGROUP INC 1.46200 06/09/2027 US 450,000 $397,198.92
COCA COLA CO/THE US KO 143,663 $8,865,443.73
COGNEX CORP US CGNX 33,730 $1,420,370.30
COLGATE-PALMOLIVE CO US CL 1,342 $104,957.82
COMCAST CORP-CL A US CMCSA 4,665 $168,826.35
CBSLT 2019-AGS A1 MTGE 2.54000 01/25/2047 US 5,813.53 $5,431.70
COMMUNITY HEALTHCARE TRUST I US CHCT 2,501 $92,261.89
CONAGRA BRAND INC. US CAG 1,205 $41,427.90
CONOCOPHILLIPS US COP 1,149 $125,758.05
CONSTELLATION BRANDS INC-A US STZ 23,763 $5,846,886.15
CONTROLADORA VUELA CIA DE AV MX VLRS 13,404 $119,027.52
COPART INC US CPRT 18,745 $2,242,839.25
COUSINS PROPERTIES INC US CUZ 5,509 $147,916.65
CAALT 2020-1A 2.01000 02/15/2029 US 5,029.27 $5,021.28
CROWN CASTLE INTL CORP 3.10000 11/15/2029 US 340,000 $300,997.41
CUMMINS INC US CMI 295 $63,534.15
KIMBERLY CLARK DE MEXICO S.A.B. MX 273,300 $371,020.03
DEUTSCHE BOERSE AG ADR DE DBOEY 181,723 $3,062,577.72
DEVON ENERGY CORPORATION US DVN 906 $63,981.72
DIAMONDBACK ENERGY INC US FANG 270 $35,985.60
DIGITAL REALTY TRUST INC US DLR 2,066 $255,419.58
DOLLAR GENERAL CORP US DG 15,925 $3,780,913.50
DOLLAR TREE STORES INC US DLTR 28,050 $3,805,824.00
DOMINO'S PIZZA US DPZ 8,066 $2,999,422.76
DOUBLEVERIFY HOLDINGS INC US DV 123,583 $3,194,620.55
DOW INC US DOW 970 $49,470.00
DREYFUS GVT CSH MANAGEMENT US 23,742,559.47 $23,742,559.47
DUKE RLTY INVTS INC US DRE 2,399 $141,181.15
EOG RESOURCES INC US EOG 644 $78,117.20
EAST WEST BANCORP INC US EWBC 42,169 $3,043,336.73
EASTMAN CHEM CO US EMN 345 $31,395.00
EBAY INC US EBAY 866 $38,216.58
ELECTRONIC ARTS US EA 38,980 $4,945,392.60
EMERSON ELEC CO US EMR 995 $81,331.30
ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 US 610,000 $616,590.07
EQUINIX INC US EQIX 8,733 $5,740,812.21
EQUITY LIFESTYLE PROPERTIES US ELS 4,223 $296,032.30
ESSEX PROPERTY TRUST INC US ESS 629 $166,722.74
EVERGY INC US EVRG 46,610 $3,194,183.30
EXPEDIA GROUP INC 3.25000 02/15/2030 US 270,000 $233,641.92
EXTRA SPACE STORAGE INC US EXR 511 $101,551.03
FMC CORP US FMC 41,518 $4,487,265.44
FS ENERGY & POWER FUND 7.50000 08/15/2023 US 230,000 $230,843.00
FREMF 2014-K41 B FLT 3.96402 11/25/2047 US 21,000 $20,416.10
META PLATFORMS INC US META 43,149 $7,030,266.57
FHLM POOL C91762 4.50000 05/01/2034 US 2,752.97 $2,819.60
FHLM POOL C91771 4.50000 06/01/2034 US 2,395.95 $2,454.25
FHLM POOL C91780 4.50000 07/01/2034 US 3,451.7 $3,541.51
FEDERAL NATL MTG ASSN AL8674 FLT 5.65900 01/01/2049 US 9,984.86 $10,638.62
FEDERAL NATL MTG ASSN MA0258 4.50000 12/01/2039 US 2,501.14 $2,558.53
FEDERAL NATL MTG ASSN MA1834 4.50000 02/01/2034 US 3,935.68 $4,025.93
FEDERAL NATL MTG ASSN AD0207 6.00000 10/01/2038 US 3,865.68 $4,156.17
FEDEX CORPORATION US FDX 8,930 $1,882,533.30
FIFTH THIRD BANCORP US FITB 1,561 $53,308.15
FONTAINEBLEAU MIAMI BEACH TRUST 3.14400 12/10/2036 US 18,000 $17,141.88
FORD MOTOR CREDIT 3.08700 01/09/2023 US 200,000 $198,433.35
GENERAL DYNAMICS CORP US GD 442 $101,187.06
GENERAL MLS INC US GIS 1,102 $84,633.60
GENUINE PARTS CO US GPC 349 $54,447.49
GETTY REALTY CORP US GTY 3,238 $97,399.04
GILEAD SCIENCES INC US GILD 2,018 $128,082.46
GNR 2017-54 AH MTGE 2.60000 12/16/2056 US 4,586.76 $4,352.84
GRAPHIC PACKAGING HOLDING CO US GPK 88,728 $1,975,972.56
GREENIDGE GEN HLD INC US 5,500 $77,055.00
GRUPO AEROPORTUARIO CEN-ADR MX OMAB 19,167 $1,001,859.09
GRUPO AEROPORTUARIO PAC-ADR MX PAC 8,386 $1,195,592.02
GRUPO AEROPORTUARIO DEL SURESTE MX ASR 5,696 $1,204,533.12
AIRBUS SE FR AIR FP 2,120 $207,745.47
ADIDAS AG DE ADS GR 2,546 $377,528.85
HCA INC 4.12500 06/15/2029 US 400,000 $371,612.47
HDFC BANK LTD-ADR IN HDB 69,236 $4,226,857.80
L'OREAL FR OR FP 276 $94,790.57
HARROW HEALTH US 5,200 $129,376.00
HEALTHCARE REALTY TRUST INC US HR 8,079 $196,481.28
HEINEKEN NV-SPN ADR NL HEINY 68,760 $3,088,699.20
HESKA CORP US HSKA 20,283 $1,847,172.81
HOME DEPOT INC US HD 965 $278,325.30
HONEYWELL INTERNATIONAL INC US HON 894 $169,278.90
HUMANA INC US HUM 4,827 $2,325,552.06
IIP OPERATING PARTNER 5.50000 05/25/2026 US 230,000 $204,869.42
IDEXX LABORATORIES INC US IDXX 10,672 $3,709,800.64
KERRY GROUP PLC-A IE KYGA ID 1,683 $173,553.86
ILLINOIS TOOL WKS INC US ITW 523 $101,896.09
INDEPENDENCE REALTY TRUST IN US IRT 3,586 $69,747.70
INSPERITY INC US NSP 33,087 $3,607,144.74
INTEL CORP US INTC 4,848 $154,748.16
INTERCONTINENTALEXCHANGE INC US ICE 32,685 $3,296,282.25
INTERNATIONAL FLVRS & FRAGRANCES US IFF 520 $57,449.60
INTUITIVE SURGICAL INC US ISRG 13,837 $2,846,824.38
INVITATION HOMES INC US INVH 7,581 $275,038.68
JP MORGAN CHASE & CO US JPM 27,507 $3,128,371.11
JPMMT 2014-2 1A1 3.00000 06/25/2029 US 2,544.92 $2,429.10
JPMORGAN CHASE & CO 4.49300 03/24/2031 US 680,000 $661,441.66
JPMMT 2017-2 A3 3.50000 05/25/2047 US 5,943.39 $5,653.09
JOHNSON & JOHNSON US JNJ 43,215 $6,972,308.10
KEYCORP US KEY 1,654 $29,259.26
KROGER CO US KR 1,390 $66,636.60
L3HARRIS TECHNOLOGIES INC US LHX 13,139 $2,998,188.41
BEIERSDORF AG DE BEI GR 4,353 $439,391.93
LENNAR CORP US LEN 476 $36,866.20
LIFE STORAGE INC US LSI 1,457 $185,403.25
LOCKHEED MARTIN CORP US LMT 353 $148,298.83
LULULEMON - ADR CA LULU 22,586 $6,774,896.56
MAGALLANES INC 4.05400 03/15/2029 US 650,000 $591,615.47
MARATHON PETROLEUM CORP US MPC 714 $71,935.50
MARRIOTT VACATIONS WORLD US VAC 677 $96,418.34
MASTERCARD INC-CLASS A US MA 25,579 $8,297,060.23
MCDONALDS CORP US MCD 611 $154,143.08
MERCADOLIBRE INC BR MELI 3,014 $2,578,055.04
MERCK & CO INC US MRK 2,855 $243,702.80
MICROSOFT CORP US MSFT 49,067 $12,829,548.49
MICROCHIP TECHNOLOGY INC US MCHP 815 $53,178.75
MID-AMERICA APARTMENT COMM US MAA 1,209 $200,295.03
MONDELEZ INTERNATIONAL INC US MDLZ 130,636 $8,081,142.96
MOODY'S CORPORATION US MCO 21,787 $6,198,837.24
MOTOROLA SOLUTIONS INC US MSI 315 $76,674.15
NAVIENT CORP 6.75000 06/25/2025 US 235,000 $226,872.60
NSLT 2012-3A A MTGE FLT 3.14371 02/25/2045 US 12,085.41 $11,868.06
NESTLE S.A. - ADR CH NSRGY 45,989 $5,383,472.34
NETAPP INC US NTAP 558 $40,248.54
NRZT 2014-3A AFX3 3.75000 11/25/2054 US 2,549.03 $2,438.12
NRZT 2015-2A A1 3.75000 08/25/2055 US 3,530.13 $3,364.68
NRZT 2016-4A A1 3.75000 11/25/2056 US 3,831.36 $3,657.63
KEYENCE CORP JP 6861 JP 800 $300,379.25
NEW YORK CITY NY TRANSITIONALFIN 1.58000 05/01/2024 US 125,000 $120,856.52
NEWCASTLE COAL INFRASTRU 4.40000 09/29/2027 AU 290,000 $251,650.08
NEWMONT GOLDCORP CORP US NEM 22,240 $919,846.40
NIKE INC CLASS B US NKE 25,473 $2,711,600.85
NORFOLK SOUTHN CORP US NSC 14,253 $3,465,331.89
NIKON CORP JP 7731 JP 14,600 $166,662.26
NORTHROP GRUMMAN CORP US NOC 6,806 $3,253,199.94
NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 CA 220,000 $22.00
NOVARTIS AG- REG CH NVS 39,136 $3,151,230.72
NUCOR CORP US NUE 469 $62,348.86
NVIDIA CORP US NVDA 8,049 $1,214,916.06
OKTA INC US OKTA 22,119 $2,021,676.60
OMNICOM GROUP US OMC 545 $36,460.50
SONY CORP FIRST SECTION JP 6758 JP 3,600 $286,211.90
OWL ROCK TECHNOLOGY 3.75000 06/17/2026 US 280,000 $250,528.47
OXFIN 2020-1A A2 3.10100 02/15/2028 US 9,893.07 $9,795.82
OXFIN 2019-1A A2 4.45900 02/15/2027 US 12,147.17 $12,082.95
PMTLT 2013-J1 a9 3.50000 09/25/2043 US 3,430.21 $3,293.44
PPG INDUSTRIES INC US PPG 332 $42,157.36
PACKAGING CORP OF AMERICA US PKG 254 $34,777.68
PARKER HANNIFIN CORP US PH 185 $49,025.00
DEUTSCHE BOERSE AG DE DB1 GR 2,109 $356,578.14
PAYPAL HOLDINGS INC US PYPL 64,241 $6,002,679.04
PELORUS FUND REIT 7.00000 09/30/2026 US 245,000 $228,106.75
NESTLE SA-REGISTERED CH NESN SW 5,445 $637,190.10
PEPSICO INC 3.90000 07/18/2032 US 480,000 $471,528.17
PFIZER INC US PFE 4,047 $183,045.81
PIONEER NATURAL RESOURCES CO US PXD 288 $72,927.36
POPULAR INC 6.12500 09/14/2023 PR 225,000 $227,881.40
PROCTER & GAMBLE CO US PG 2,132 $294,088.08
PROLOGIS US PLD 6,330 $788,148.30
PUBLIC STORAGE INC US PSA 1,118 $369,867.94
QUALCOMM INC US QCOM 1,361 $180,019.47
QUALCOMM INC 4.25000 05/20/2032 US 445,000 $450,286.72
QUEST DIAGNOSTICS INC US DGX 317 $39,723.27
RADIUS GLOBAL INFRASTRUCTURE US RADI 22,828 $314,341.56
REGIONS FINANCIAL CORP. US RF 2,213 $47,955.71
REPUBLIC SERVICES INC US RSG 587 $83,776.64
RESTAURANT BRANDS INTERN CA QSR 3,520 $207,680.00
REXFORD INDUSTRIAL REALITY IN US REXR 3,909 $243,178.89
GETINGE AB-B SHS SE GETIB SS 15,191 $281,360.88
ROSS STORES INC US ROST 519 $44,774.13
HEINEKEN NV NL HEIA NA 3,883 $349,000.41
RYANAIR HOLDINGS - ADR IE RYAAY 43,557 $3,167,029.47
S&P GLOBAL INC US SPGI 11,366 $4,002,877.88
SBA COMMUNICATIONS CORP US SBAC 21,846 $7,105,411.50
NAVIENT CORP 5.50000 01/25/2023 US 125,000 $124,415.36
SMB 2020-A A2A MTGE 2.23000 09/15/2037 US 16,469.75 $15,268.50
SALESFORCE INC US CRM 49,638 $7,749,484.56
SEA LTD - ADR SG SE 59,851 $3,710,762.00
SEAGEN INC US SGEN 12,669 $1,954,700.01
SEMT 2013-6 A2 3.00000 05/25/2043 US 3,949.14 $3,691.82
SEMT 2013-8 A1 3.00000 06/25/2043 US 1,622.92 $1,520.87
SEMT 2013-2 1.87400 02/25/2043 US 1,339.82 $1,185.79
SERVICENOW INC US NOW 16,617 $7,222,080.54
SHOPIFY INC CA SHOP 3,968 $125,587.20
SIMON PROPERTY GROUP LP 2.65000 02/01/2032 US 880,000 $736,806.09
SKYWORKS SOLUTIONS INC US SWKS 287 $28,283.85
JM SMUCKER CO/THE-NEW COM WI US SJM 282 $39,477.18
SNOWFLAKE INC-CLASS A US SNOW 31,624 $5,722,362.80
SOFI 2018-B A2FX MTGE 3.34000 08/25/2047 US 5,273.33 $5,168.51
SOFI 2020-A A2FX MTGE 2.54000 05/15/2046 US 10,473.35 $9,967.95
SONY CORP SPONSORED ADR JP SONY 60,899 $4,832,335.65
SOUTHWEST AIRLINES CO 5.25000 05/04/2025 US 16,000 $16,424.26
SOUTHWEST AIRLINES CO 5.12500 06/15/2027 US 454,000 $462,406.88
ONEMAIN FINANCE CORP 5.62500 03/15/2023 US 110,000 $109,450.76
STANLEY BLACK & DECKER INC US SWK 264 $23,258.40
SRPT 2014-STAR A FLTG RATE 3.86200 11/15/2027 US 15,954.15 $11,178.92
STEEL DYNAMICS INC US STLD 481 $38,826.32
SUN COMMUNITIES US SUI 1,982 $304,653.22
SCML 2019-SBC8 2.86000 04/25/2041 US 9,474.01 $8,759.64
SYNCHRONOSS TECH US 11,200 $243,264.00
SYNERGY ONE LENDING 5.50000 10/14/2026 US 285,000 $246,089.26
TJX COMPANIES INC US TJX 1,334 $83,174.90
TAIWAN SEMICONDUCTOR - SP ADR TW TSM 43,164 $3,597,719.40
TARGET CORP US TGT 471 $75,520.14
TENCENT HOLDINGS 3.97500 04/11/2029 KY 990,000 $933,067.32
TERRENO REALTY CORP US TRNO 2,513 $153,267.87
TEXAS INSTRUMENTS INC US TXN 824 $136,133.04
THERMO FISHER SCIENTIFIC INC US TMO 7,605 $4,147,158.60
3M CO US MMM 834 $103,707.90
TPMT 2016-5 A1 2.50000 10/25/2056 US 2,224.91 $2,202.63
TPMT 2017-1 A1 2.75000 10/25/2056 US 2,231.13 $2,211.98
TPMT 2019-HY1 A1 3.44371 10/25/2048 US 4,467.4 $4,417.22
TRACTOR SUPPLY COMPANY US TSCO 205 $37,955.75
TRAVELLERS COS INC US TRV 434 $70,151.76
TAH 2017-SFR2 A 2.92800 01/17/2036 US 12,184.55 $11,985.26
TYSON FOODS INC -CL A US TSN 715 $53,896.70
UDR INC US UDR 6,146 $275,771.02
U.S. BANCORP US USB 2,284 $104,173.24
UBISOFT ENTERTAIN-UNSPON ADR FR UBSFY 183,716 $1,688,717.47
UNILEVER PLC - ADR GB UL 126,009 $5,719,548.51
UNION PAC CORP US UNP 785 $176,240.35
UNITED AIR 2019-2 B PTT 3.50000 05/01/2028 US 304,726.86 $256,709.51
UNITED AIR 2018-1 B PTT 4.60000 03/01/2026 US 40,826.54 $38,059.45
UNITED PARCEL SERVICE US UPS 11,787 $2,292,689.37
US TREASURY N/B 3.00000 05/15/2047 US 10,020,000 $9,146,381.25
US TREASURY N/B 3.12500 11/15/2028 US 17,255,000 $17,075,709.85
UNITED STATES TREAS NTS 1.75000 05/15/2023 US 10,105,000 $9,992,108.25
UNITEDHEALTH GROUP INC US UNH 4,259 $2,211,826.47
UNIVERSAL DISPLAY CORP US OLED 26,266 $2,934,700.18
VF CORP US VFC 685 $28,393.25
VENTAS INC US VTR 2,291 $109,647.26
VERTEX PHARMACEUTICALS INC US VRTX 10,216 $2,878,460.16
PARAMOUNT GLOBAL CLASS B US PARA 1,130 $26,430.70
VISA INC - CLASS A SHARES US V 33,827 $6,721,763.17
VISTRA OPERATIONS CO LLC 3.55000 07/15/2024 US 120,000 $115,721.01
VISTRA OPERATIONS 4.87500 05/13/2024 US 440,000 $434,971.17
WAL MART STORES US WMT 2,530 $335,351.50
WALGREENS BOOTS ALLIANCE INC US WBA 1,259 $44,140.54
WASTE MANAGEMENT INC US WM 655 $110,714.65
WELLTOWER INC. US WELL 2,647 $202,892.55
ZOETIS INC US ZTS 8,201 $1,283,702.53
ADMIRAL GROUP PLC GB ADM LN 19,060 $468,853.02
GRUPO AEROPORTUARIO DEL CENT MX OMAB MM 9,600 $62,827.79
UBISOFT ENTERTAINMENT FR UBI FP 6,265 $288,910.83
DANONE FR BN FP 3,207 $168,753.36
AIR LIQUIDE FR AI FP 4,248 $532,328.88
BRENNTAG AG DE BNR GR 3,918 $256,893.46
KEYWORDS STUDIOS PLC IE KWS LN 2,951 $85,049.82
S4 CAPITAL PLC GB SFOR LN 148,291 $227,918.61
HELIOS TOWERS PLC GB HTWS LN 56,999 $81,683.54
AVANZA BANK HOLDING AB SE AZA SS 14,298 $229,183.08
AMERICAN TANKER INC 7.75000 07/02/2025 US 275,000 $265,863.86
SOFTWAREONE HOLDING AG CH SWON SW 21,483 $282,439.43
FLAGSHIP COMMUNITIES REIT UT US MHC/U CN 6,874 $108,952.90
SEASPAN CORP 6.50000 02/05/2024 MH 200,000 $198,493.47
PETROTAL CORP 12.00000 02/16/2024 CA 216,000 $220,320.00
FINECOBANK SPA IT FBK IM 43,848 $474,097.57
ALLFUNDS GROUP PLC GB ALLFG NA 22,829 $179,241.79
ROTORK PLC GB ROR LN 83,606 $239,849.54
AUTO TRADER GROUP PLC GB AUTO LN 65,825 $497,023.63
CELLNEX TELECOM SA ES CLNX SM 4,271 $166,324.40
ASSA ABLOY AB-B SE ASSAB SS 14,093 $285,439.25
CLEANAWAY WASTE MANAGEMENT AU CWY AU 179,039 $340,049.77
INTERMEDIATE CAPITAL GROUP GB ICP LN 16,141 $255,153.07
ADYEN NV NL ADYEN NA 297 $458,314.09
BANK OF N.T. BUTTERFIELD&SON BM NTB 6,214 $202,700.68
BUNGE LIMITED US BG 343 $34,015.31
EATON CORP PLC US ETN 692 $94,554.88
JOHNSON CONTROLS INTERNATIONAL US JCI 1,256 $67,999.84
MEDTRONIC INC IE MDT 85,972 $7,558,658.24
ROYALTY PHARMA PLC- CL A US RPRX 1,006 $42,060.86
STONECO LTD-A BR STNE 18,969 $179,826.12
TRANE TECHNOLOGIES IE TT 322 $49,610.54
ALCON INC CH ALC 38,506 $2,529,074.08
CHUBB LTD CH CB 607 $114,753.35
GARMIN LTD CH GRMN 455 $40,262.95
TE CONNECTIVITY LIMITED CH TEL 450 $56,794.50
LYONDELLBASELL INDU-CL A US LYB 471 $39,093.00
PLAYA HOTELS AND RESORTS US PLYA 6,842 $44,883.52
BROOGE PETROLEUM AND GAS 8.50000 09/24/2025 AE 128,176 $123,260.25

Investments will change over time.

Distributions

  • Pro-Blend® Maximum Term Series Class L Distribution History
  • 2022 Distribution Calendar
  • Fourth Quarter 2021 Distributions
  • Third Quarter 2022 Distributions
  • Second Quarter 2022 Distributions
  • First Quarter 2022 Distributions
  • Tax Letter
  • Target 2045 Merger into Pro Blend Maximum
  • Target 2050 Merger into Pro Blend Maximum
  • Target 2055 Merger into Pro Blend Maximum
  • Target 2060 Merger into Pro Blend Maximum

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

$8.19

Daily $ Change

-$0.12

Daily % Change

-1.47%

as of 09/29/2022

Ticker

MNHCX

CUSIP

56382P591

Inception Date

01/04/2010

Investment Minimum

$2,000.00

Prior to 03/01/2019, the Class L shares were designated as the Class R2 shares. Investment minimum may be waived for certain qualified retirement plans, participants in an automatic investment program, and discretionary investment accounts of the Advisor.

Important Documents

Summary Prospectus
Prospectus
Statement of Additional Information
Annual Report
Semi-Annual Report
Fact Sheet
Applications & Forms
N-Port Part F Reports

Investment Objective

To provide long-term capital growth.

Investment Strategy

The portfolio is invested in an aggressive, growth-oriented mix of securities that seeks to earn the long-term growth typically associated with the stock market. Holdings are diversified primarily among various stock investments in both domestic and foreign markets; only a minor portion of the fund is invested in 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 seek long-term capital growth and generally have the time to withstand market volatility
  • Who have a very 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 08/31/2022

YTD

-18.50%

1 Year

-17.20%

3 Year

7.49%

5 Year

7.74%

10 Year

8.51%

Inception
(11/01/1995)

8.11%

Inception performance is based on the Pro-Blend® Maximum Term Series Class S inception of 11/01/1995. For periods through 01/04/2010 (the inception date of the Class L shares), performance for the Class L shares is hypothetical and is based on the historical performance of the Class S shares adjusted for the Class L shares’ charges and expenses. 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 1.82%*

Includes a 12b-1 fee of 1.00%, of which up to 0.25% is available as a shareholder servicing fee.

Top Ten Investments

As of 08/31/2022

TREASURY NOTES 6.43%
AMAZON.COM INC 3.26%
MICROSOFT CORP 3.05%
TREASURY BONDS 2.17%
COCA COLA CO/THE 2.11%
MASTERCARD INC-CLASS A 1.97%
MONDELEZ INTERNATIONAL INC 1.92%
SALESFORCE INC 1.84%
MEDTRONIC INC 1.80%
SERVICENOW INC 1.72%

This investment list is unaudited and excludes cash.

Asset Allocation

As of 08/31/2022

Stocks
83.35%
Bonds
11.31%
Cash
5.34%

Detailed Asset Class Allocation

As of 08/31/2022

International Equities
23.24%
Small Capitalization
2.41%
Mid Capitalization
7.34%
Large Capitalization
50.36%
Long Term Fixed Income
2.51%
Intermediate Term Fixed Income
5.96%
Short Term Fixed Income
2.84%
Cash
5.34%

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

August Fund Holdings

As of 08/31/2022

Security Description Country Ticker Shares/Par Market Value (USD)
ABBOTT LABORATORIES US ABT 1,395 $143,196.75
ACTIVISION INC US ATVI 30,385 $2,384,918.65
ADIDAS AG-SPONSORED ADR DE ADDYY 43,569 $3,231,948.42
ADMIRAL GROUP PLC GB AMIGY 85,791 $2,160,217.38
AERCAP IRELAND CAP/GLOBA 3.00000 10/29/2028 IE 300,000 $257,121.60
ADYEN NV UNSPON ADR NL ADYEY 243,730 $3,780,252.30
AGREE REALTY CORP US ADC 1,205 $90,760.60
AIR LIQUIDE-ADR FR AIQUY 117,486 $2,945,374.02
AIR LEASE CORP 3.62500 04/01/2027 US 280,000 $259,769.81
ALASKA AIR 2020-1 CL B 8.00000 08/15/2025 US 69,908.42 $70,384.27
ALIBABA GROUP HOLDING 4.00000 12/06/2037 KY 460,000 $386,848.73
ALIBAB GROUP HOLDINGS 2.12500 02/09/2031 KY 250,000 $208,332.54
ALIGN TECHNOLOGY INC US ALGN 9,783 $2,384,117.10
ALLSTATE CORPORATION US ALL 580 $69,890.00
ALPHABET INC-CL A US GOOGL 50,660 $5,482,425.20
AMAZON.COM INC US AMZN 108,120 $13,706,372.40
AMAZON.COM INC 3.30000 04/13/2027 US 590,000 $577,272.32
DIAGEO PLC GB DGE LN 9,990 $434,029.49
BAE SYSTEMS PLC GB BA/ LN 39,097 $352,111.50
AMERICAN HOMES 4 RENT- A US AMH 5,987 $212,897.72
AMERICAN TOWER REIT INC US AMT 665 $168,943.25
ANALOG DEVICES INC US ADI 796 $120,617.88
APPLE HOSPITALITY REIT INC US APLE 13,196 $209,948.36
ARBOR REALTY TRUST INC 8.00000 04/30/2023 US 80,000 $80,793.66
ARCHER-DANIELS-MIDLAND CO US ADM 916 $80,507.24
ARGO BLOCKCHAIN PLC GB 2,921 $52,081.43
ASHTEAD CAPITAL INC 4.00000 05/01/2028 US 230,000 $210,765.45
AUTOMATIC DATA PROCESSING US ADP 566 $138,336.06
AVALONBAY COMMUNITIES INC US AVB 1,007 $202,316.37
BAE SYSTEMS PLC -SPON ADR GB BAESY 76,911 $2,776,487.10
BNSF FUNDING TRUST I 6.61300 12/15/2055 US 240,000 $236,262.88
BANK OF AMERICA CORP 2.68700 04/22/2032 US 480,000 $400,614.44
BARRICK GOLD CORP CA GOLD 72,835 $1,081,599.75
BAXTER INTERNATIONAL INC US BAX 699 $40,164.54
BEST BUY INC US BBY 562 $39,727.78
BIOMARIN PHARMACEUTICAL INC US BMRN 34,414 $3,069,728.80
BLACKROCK INC US BLK 7,217 $4,809,336.63
BLACKSTONE SECURED LEND 2.75000 09/16/2026 US 240,000 $212,352.06
DECHRA PHARMACEUTICALS PLC GB DPH LN 6,833 $276,346.45
BOSTON SCIENTIFIC CORP US BSX 52,679 $2,123,490.49
BRANDYWINE REALTY TRUST US BDN 7,529 $60,457.87
BRENNTAG AG-UNSP ADR DE BNTGY 146,104 $1,912,501.36
BRISTOL MYERS SQUIBB CO US BMY 2,619 $176,546.79
BROADRIDGE FINANCIAL SOLUTIONS US BR 281 $48,098.77
JONAH ENERGY PARENT LLC US 2,449 $139,372.59
CBOE GLOBAL MARKETS INC US CBOE 16,495 $1,945,915.15
CDW CORP/DE US CDW 13,269 $2,265,018.30
C.H. ROBINSON WORLDWIDE INC US CHRW 367 $41,893.05
CIM 2019-INV1 A1 4.00000 02/25/2049 US 477.27 $473.63
CSMC 2013-IVR3 A1 2.50000 05/25/2043 US 2,092.07 $1,943.33
CSMC 2014-IVR3 A1 3.50000 07/25/2044 US 3,154.87 $3,050.27
CVS HEALTH CORP US CVS 32,136 $3,154,148.40
COTERRA ENERGY INC US CTRA 1,278 $39,502.98
CAMDEN PROPERTY TRUST US CPT 1,144 $147,015.44
CAMECO CORP CA CCJ 5,415 $157,847.25
CAMPBELL SOUP CO US CPB 792 $39,900.96
CANADIAN NATIONAL RAILWAY CO CA CNI 43,522 $5,175,201.02
CARETRUST REIT INC US CTRE 8,051 $173,418.54
CATERPILLAR INC US CAT 701 $129,481.71
CELLNEX TELECOM SAU-UNSP ADR ES CLLNY 195,184 $3,792,425.12
CENOVUS ENERGY INC 6.75000 11/15/2039 CA 563,000 $614,913.03
CHARTER COMMUNICATIONS INC-A US CHTR 11,424 $4,713,885.12
CHEVRON CORP US CVX 1,285 $203,107.10
CINCINNATI FINANCIAL CORP US CINF 372 $36,069.12
CISCO SYSTEMS INC US CSCO 4,353 $194,666.16
CITIGROUP INC US C 2,800 $136,668.00
CITIGROUP INC 1.46200 06/09/2027 US 450,000 $397,198.92
COCA COLA CO/THE US KO 143,663 $8,865,443.73
COGNEX CORP US CGNX 33,730 $1,420,370.30
COLGATE-PALMOLIVE CO US CL 1,342 $104,957.82
COMCAST CORP-CL A US CMCSA 4,665 $168,826.35
CBSLT 2019-AGS A1 MTGE 2.54000 01/25/2047 US 5,813.53 $5,431.70
COMMUNITY HEALTHCARE TRUST I US CHCT 2,501 $92,261.89
CONAGRA BRAND INC. US CAG 1,205 $41,427.90
CONOCOPHILLIPS US COP 1,149 $125,758.05
CONSTELLATION BRANDS INC-A US STZ 23,763 $5,846,886.15
CONTROLADORA VUELA CIA DE AV MX VLRS 13,404 $119,027.52
COPART INC US CPRT 18,745 $2,242,839.25
COUSINS PROPERTIES INC US CUZ 5,509 $147,916.65
CAALT 2020-1A 2.01000 02/15/2029 US 5,029.27 $5,021.28
CROWN CASTLE INTL CORP 3.10000 11/15/2029 US 340,000 $300,997.41
CUMMINS INC US CMI 295 $63,534.15
KIMBERLY CLARK DE MEXICO S.A.B. MX 273,300 $371,020.03
DEUTSCHE BOERSE AG ADR DE DBOEY 181,723 $3,062,577.72
DEVON ENERGY CORPORATION US DVN 906 $63,981.72
DIAMONDBACK ENERGY INC US FANG 270 $35,985.60
DIGITAL REALTY TRUST INC US DLR 2,066 $255,419.58
DOLLAR GENERAL CORP US DG 15,925 $3,780,913.50
DOLLAR TREE STORES INC US DLTR 28,050 $3,805,824.00
DOMINO'S PIZZA US DPZ 8,066 $2,999,422.76
DOUBLEVERIFY HOLDINGS INC US DV 123,583 $3,194,620.55
DOW INC US DOW 970 $49,470.00
DREYFUS GVT CSH MANAGEMENT US 23,742,559.47 $23,742,559.47
DUKE RLTY INVTS INC US DRE 2,399 $141,181.15
EOG RESOURCES INC US EOG 644 $78,117.20
EAST WEST BANCORP INC US EWBC 42,169 $3,043,336.73
EASTMAN CHEM CO US EMN 345 $31,395.00
EBAY INC US EBAY 866 $38,216.58
ELECTRONIC ARTS US EA 38,980 $4,945,392.60
EMERSON ELEC CO US EMR 995 $81,331.30
ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 US 610,000 $616,590.07
EQUINIX INC US EQIX 8,733 $5,740,812.21
EQUITY LIFESTYLE PROPERTIES US ELS 4,223 $296,032.30
ESSEX PROPERTY TRUST INC US ESS 629 $166,722.74
EVERGY INC US EVRG 46,610 $3,194,183.30
EXPEDIA GROUP INC 3.25000 02/15/2030 US 270,000 $233,641.92
EXTRA SPACE STORAGE INC US EXR 511 $101,551.03
FMC CORP US FMC 41,518 $4,487,265.44
FS ENERGY & POWER FUND 7.50000 08/15/2023 US 230,000 $230,843.00
FREMF 2014-K41 B FLT 3.96402 11/25/2047 US 21,000 $20,416.10
META PLATFORMS INC US META 43,149 $7,030,266.57
FHLM POOL C91762 4.50000 05/01/2034 US 2,752.97 $2,819.60
FHLM POOL C91771 4.50000 06/01/2034 US 2,395.95 $2,454.25
FHLM POOL C91780 4.50000 07/01/2034 US 3,451.7 $3,541.51
FEDERAL NATL MTG ASSN AL8674 FLT 5.65900 01/01/2049 US 9,984.86 $10,638.62
FEDERAL NATL MTG ASSN MA0258 4.50000 12/01/2039 US 2,501.14 $2,558.53
FEDERAL NATL MTG ASSN MA1834 4.50000 02/01/2034 US 3,935.68 $4,025.93
FEDERAL NATL MTG ASSN AD0207 6.00000 10/01/2038 US 3,865.68 $4,156.17
FEDEX CORPORATION US FDX 8,930 $1,882,533.30
FIFTH THIRD BANCORP US FITB 1,561 $53,308.15
FONTAINEBLEAU MIAMI BEACH TRUST 3.14400 12/10/2036 US 18,000 $17,141.88
FORD MOTOR CREDIT 3.08700 01/09/2023 US 200,000 $198,433.35
GENERAL DYNAMICS CORP US GD 442 $101,187.06
GENERAL MLS INC US GIS 1,102 $84,633.60
GENUINE PARTS CO US GPC 349 $54,447.49
GETTY REALTY CORP US GTY 3,238 $97,399.04
GILEAD SCIENCES INC US GILD 2,018 $128,082.46
GNR 2017-54 AH MTGE 2.60000 12/16/2056 US 4,586.76 $4,352.84
GRAPHIC PACKAGING HOLDING CO US GPK 88,728 $1,975,972.56
GREENIDGE GEN HLD INC US 5,500 $77,055.00
GRUPO AEROPORTUARIO CEN-ADR MX OMAB 19,167 $1,001,859.09
GRUPO AEROPORTUARIO PAC-ADR MX PAC 8,386 $1,195,592.02
GRUPO AEROPORTUARIO DEL SURESTE MX ASR 5,696 $1,204,533.12
AIRBUS SE FR AIR FP 2,120 $207,745.47
ADIDAS AG DE ADS GR 2,546 $377,528.85
HCA INC 4.12500 06/15/2029 US 400,000 $371,612.47
HDFC BANK LTD-ADR IN HDB 69,236 $4,226,857.80
L'OREAL FR OR FP 276 $94,790.57
HARROW HEALTH US 5,200 $129,376.00
HEALTHCARE REALTY TRUST INC US HR 8,079 $196,481.28
HEINEKEN NV-SPN ADR NL HEINY 68,760 $3,088,699.20
HESKA CORP US HSKA 20,283 $1,847,172.81
HOME DEPOT INC US HD 965 $278,325.30
HONEYWELL INTERNATIONAL INC US HON 894 $169,278.90
HUMANA INC US HUM 4,827 $2,325,552.06
IIP OPERATING PARTNER 5.50000 05/25/2026 US 230,000 $204,869.42
IDEXX LABORATORIES INC US IDXX 10,672 $3,709,800.64
KERRY GROUP PLC-A IE KYGA ID 1,683 $173,553.86
ILLINOIS TOOL WKS INC US ITW 523 $101,896.09
INDEPENDENCE REALTY TRUST IN US IRT 3,586 $69,747.70
INSPERITY INC US NSP 33,087 $3,607,144.74
INTEL CORP US INTC 4,848 $154,748.16
INTERCONTINENTALEXCHANGE INC US ICE 32,685 $3,296,282.25
INTERNATIONAL FLVRS & FRAGRANCES US IFF 520 $57,449.60
INTUITIVE SURGICAL INC US ISRG 13,837 $2,846,824.38
INVITATION HOMES INC US INVH 7,581 $275,038.68
JP MORGAN CHASE & CO US JPM 27,507 $3,128,371.11
JPMMT 2014-2 1A1 3.00000 06/25/2029 US 2,544.92 $2,429.10
JPMORGAN CHASE & CO 4.49300 03/24/2031 US 680,000 $661,441.66
JPMMT 2017-2 A3 3.50000 05/25/2047 US 5,943.39 $5,653.09
JOHNSON & JOHNSON US JNJ 43,215 $6,972,308.10
KEYCORP US KEY 1,654 $29,259.26
KROGER CO US KR 1,390 $66,636.60
L3HARRIS TECHNOLOGIES INC US LHX 13,139 $2,998,188.41
BEIERSDORF AG DE BEI GR 4,353 $439,391.93
LENNAR CORP US LEN 476 $36,866.20
LIFE STORAGE INC US LSI 1,457 $185,403.25
LOCKHEED MARTIN CORP US LMT 353 $148,298.83
LULULEMON - ADR CA LULU 22,586 $6,774,896.56
MAGALLANES INC 4.05400 03/15/2029 US 650,000 $591,615.47
MARATHON PETROLEUM CORP US MPC 714 $71,935.50
MARRIOTT VACATIONS WORLD US VAC 677 $96,418.34
MASTERCARD INC-CLASS A US MA 25,579 $8,297,060.23
MCDONALDS CORP US MCD 611 $154,143.08
MERCADOLIBRE INC BR MELI 3,014 $2,578,055.04
MERCK & CO INC US MRK 2,855 $243,702.80
MICROSOFT CORP US MSFT 49,067 $12,829,548.49
MICROCHIP TECHNOLOGY INC US MCHP 815 $53,178.75
MID-AMERICA APARTMENT COMM US MAA 1,209 $200,295.03
MONDELEZ INTERNATIONAL INC US MDLZ 130,636 $8,081,142.96
MOODY'S CORPORATION US MCO 21,787 $6,198,837.24
MOTOROLA SOLUTIONS INC US MSI 315 $76,674.15
NAVIENT CORP 6.75000 06/25/2025 US 235,000 $226,872.60
NSLT 2012-3A A MTGE FLT 3.14371 02/25/2045 US 12,085.41 $11,868.06
NESTLE S.A. - ADR CH NSRGY 45,989 $5,383,472.34
NETAPP INC US NTAP 558 $40,248.54
NRZT 2014-3A AFX3 3.75000 11/25/2054 US 2,549.03 $2,438.12
NRZT 2015-2A A1 3.75000 08/25/2055 US 3,530.13 $3,364.68
NRZT 2016-4A A1 3.75000 11/25/2056 US 3,831.36 $3,657.63
KEYENCE CORP JP 6861 JP 800 $300,379.25
NEW YORK CITY NY TRANSITIONALFIN 1.58000 05/01/2024 US 125,000 $120,856.52
NEWCASTLE COAL INFRASTRU 4.40000 09/29/2027 AU 290,000 $251,650.08
NEWMONT GOLDCORP CORP US NEM 22,240 $919,846.40
NIKE INC CLASS B US NKE 25,473 $2,711,600.85
NORFOLK SOUTHN CORP US NSC 14,253 $3,465,331.89
NIKON CORP JP 7731 JP 14,600 $166,662.26
NORTHROP GRUMMAN CORP US NOC 6,806 $3,253,199.94
NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 CA 220,000 $22.00
NOVARTIS AG- REG CH NVS 39,136 $3,151,230.72
NUCOR CORP US NUE 469 $62,348.86
NVIDIA CORP US NVDA 8,049 $1,214,916.06
OKTA INC US OKTA 22,119 $2,021,676.60
OMNICOM GROUP US OMC 545 $36,460.50
SONY CORP FIRST SECTION JP 6758 JP 3,600 $286,211.90
OWL ROCK TECHNOLOGY 3.75000 06/17/2026 US 280,000 $250,528.47
OXFIN 2020-1A A2 3.10100 02/15/2028 US 9,893.07 $9,795.82
OXFIN 2019-1A A2 4.45900 02/15/2027 US 12,147.17 $12,082.95
PMTLT 2013-J1 a9 3.50000 09/25/2043 US 3,430.21 $3,293.44
PPG INDUSTRIES INC US PPG 332 $42,157.36
PACKAGING CORP OF AMERICA US PKG 254 $34,777.68
PARKER HANNIFIN CORP US PH 185 $49,025.00
DEUTSCHE BOERSE AG DE DB1 GR 2,109 $356,578.14
PAYPAL HOLDINGS INC US PYPL 64,241 $6,002,679.04
PELORUS FUND REIT 7.00000 09/30/2026 US 245,000 $228,106.75
NESTLE SA-REGISTERED CH NESN SW 5,445 $637,190.10
PEPSICO INC 3.90000 07/18/2032 US 480,000 $471,528.17
PFIZER INC US PFE 4,047 $183,045.81
PIONEER NATURAL RESOURCES CO US PXD 288 $72,927.36
POPULAR INC 6.12500 09/14/2023 PR 225,000 $227,881.40
PROCTER & GAMBLE CO US PG 2,132 $294,088.08
PROLOGIS US PLD 6,330 $788,148.30
PUBLIC STORAGE INC US PSA 1,118 $369,867.94
QUALCOMM INC US QCOM 1,361 $180,019.47
QUALCOMM INC 4.25000 05/20/2032 US 445,000 $450,286.72
QUEST DIAGNOSTICS INC US DGX 317 $39,723.27
RADIUS GLOBAL INFRASTRUCTURE US RADI 22,828 $314,341.56
REGIONS FINANCIAL CORP. US RF 2,213 $47,955.71
REPUBLIC SERVICES INC US RSG 587 $83,776.64
RESTAURANT BRANDS INTERN CA QSR 3,520 $207,680.00
REXFORD INDUSTRIAL REALITY IN US REXR 3,909 $243,178.89
GETINGE AB-B SHS SE GETIB SS 15,191 $281,360.88
ROSS STORES INC US ROST 519 $44,774.13
HEINEKEN NV NL HEIA NA 3,883 $349,000.41
RYANAIR HOLDINGS - ADR IE RYAAY 43,557 $3,167,029.47
S&P GLOBAL INC US SPGI 11,366 $4,002,877.88
SBA COMMUNICATIONS CORP US SBAC 21,846 $7,105,411.50
NAVIENT CORP 5.50000 01/25/2023 US 125,000 $124,415.36
SMB 2020-A A2A MTGE 2.23000 09/15/2037 US 16,469.75 $15,268.50
SALESFORCE INC US CRM 49,638 $7,749,484.56
SEA LTD - ADR SG SE 59,851 $3,710,762.00
SEAGEN INC US SGEN 12,669 $1,954,700.01
SEMT 2013-6 A2 3.00000 05/25/2043 US 3,949.14 $3,691.82
SEMT 2013-8 A1 3.00000 06/25/2043 US 1,622.92 $1,520.87
SEMT 2013-2 1.87400 02/25/2043 US 1,339.82 $1,185.79
SERVICENOW INC US NOW 16,617 $7,222,080.54
SHOPIFY INC CA SHOP 3,968 $125,587.20
SIMON PROPERTY GROUP LP 2.65000 02/01/2032 US 880,000 $736,806.09
SKYWORKS SOLUTIONS INC US SWKS 287 $28,283.85
JM SMUCKER CO/THE-NEW COM WI US SJM 282 $39,477.18
SNOWFLAKE INC-CLASS A US SNOW 31,624 $5,722,362.80
SOFI 2018-B A2FX MTGE 3.34000 08/25/2047 US 5,273.33 $5,168.51
SOFI 2020-A A2FX MTGE 2.54000 05/15/2046 US 10,473.35 $9,967.95
SONY CORP SPONSORED ADR JP SONY 60,899 $4,832,335.65
SOUTHWEST AIRLINES CO 5.25000 05/04/2025 US 16,000 $16,424.26
SOUTHWEST AIRLINES CO 5.12500 06/15/2027 US 454,000 $462,406.88
ONEMAIN FINANCE CORP 5.62500 03/15/2023 US 110,000 $109,450.76
STANLEY BLACK & DECKER INC US SWK 264 $23,258.40
SRPT 2014-STAR A FLTG RATE 3.86200 11/15/2027 US 15,954.15 $11,178.92
STEEL DYNAMICS INC US STLD 481 $38,826.32
SUN COMMUNITIES US SUI 1,982 $304,653.22
SCML 2019-SBC8 2.86000 04/25/2041 US 9,474.01 $8,759.64
SYNCHRONOSS TECH US 11,200 $243,264.00
SYNERGY ONE LENDING 5.50000 10/14/2026 US 285,000 $246,089.26
TJX COMPANIES INC US TJX 1,334 $83,174.90
TAIWAN SEMICONDUCTOR - SP ADR TW TSM 43,164 $3,597,719.40
TARGET CORP US TGT 471 $75,520.14
TENCENT HOLDINGS 3.97500 04/11/2029 KY 990,000 $933,067.32
TERRENO REALTY CORP US TRNO 2,513 $153,267.87
TEXAS INSTRUMENTS INC US TXN 824 $136,133.04
THERMO FISHER SCIENTIFIC INC US TMO 7,605 $4,147,158.60
3M CO US MMM 834 $103,707.90
TPMT 2016-5 A1 2.50000 10/25/2056 US 2,224.91 $2,202.63
TPMT 2017-1 A1 2.75000 10/25/2056 US 2,231.13 $2,211.98
TPMT 2019-HY1 A1 3.44371 10/25/2048 US 4,467.4 $4,417.22
TRACTOR SUPPLY COMPANY US TSCO 205 $37,955.75
TRAVELLERS COS INC US TRV 434 $70,151.76
TAH 2017-SFR2 A 2.92800 01/17/2036 US 12,184.55 $11,985.26
TYSON FOODS INC -CL A US TSN 715 $53,896.70
UDR INC US UDR 6,146 $275,771.02
U.S. BANCORP US USB 2,284 $104,173.24
UBISOFT ENTERTAIN-UNSPON ADR FR UBSFY 183,716 $1,688,717.47
UNILEVER PLC - ADR GB UL 126,009 $5,719,548.51
UNION PAC CORP US UNP 785 $176,240.35
UNITED AIR 2019-2 B PTT 3.50000 05/01/2028 US 304,726.86 $256,709.51
UNITED AIR 2018-1 B PTT 4.60000 03/01/2026 US 40,826.54 $38,059.45
UNITED PARCEL SERVICE US UPS 11,787 $2,292,689.37
US TREASURY N/B 3.00000 05/15/2047 US 10,020,000 $9,146,381.25
US TREASURY N/B 3.12500 11/15/2028 US 17,255,000 $17,075,709.85
UNITED STATES TREAS NTS 1.75000 05/15/2023 US 10,105,000 $9,992,108.25
UNITEDHEALTH GROUP INC US UNH 4,259 $2,211,826.47
UNIVERSAL DISPLAY CORP US OLED 26,266 $2,934,700.18
VF CORP US VFC 685 $28,393.25
VENTAS INC US VTR 2,291 $109,647.26
VERTEX PHARMACEUTICALS INC US VRTX 10,216 $2,878,460.16
PARAMOUNT GLOBAL CLASS B US PARA 1,130 $26,430.70
VISA INC - CLASS A SHARES US V 33,827 $6,721,763.17
VISTRA OPERATIONS CO LLC 3.55000 07/15/2024 US 120,000 $115,721.01
VISTRA OPERATIONS 4.87500 05/13/2024 US 440,000 $434,971.17
WAL MART STORES US WMT 2,530 $335,351.50
WALGREENS BOOTS ALLIANCE INC US WBA 1,259 $44,140.54
WASTE MANAGEMENT INC US WM 655 $110,714.65
WELLTOWER INC. US WELL 2,647 $202,892.55
ZOETIS INC US ZTS 8,201 $1,283,702.53
ADMIRAL GROUP PLC GB ADM LN 19,060 $468,853.02
GRUPO AEROPORTUARIO DEL CENT MX OMAB MM 9,600 $62,827.79
UBISOFT ENTERTAINMENT FR UBI FP 6,265 $288,910.83
DANONE FR BN FP 3,207 $168,753.36
AIR LIQUIDE FR AI FP 4,248 $532,328.88
BRENNTAG AG DE BNR GR 3,918 $256,893.46
KEYWORDS STUDIOS PLC IE KWS LN 2,951 $85,049.82
S4 CAPITAL PLC GB SFOR LN 148,291 $227,918.61
HELIOS TOWERS PLC GB HTWS LN 56,999 $81,683.54
AVANZA BANK HOLDING AB SE AZA SS 14,298 $229,183.08
AMERICAN TANKER INC 7.75000 07/02/2025 US 275,000 $265,863.86
SOFTWAREONE HOLDING AG CH SWON SW 21,483 $282,439.43
FLAGSHIP COMMUNITIES REIT UT US MHC/U CN 6,874 $108,952.90
SEASPAN CORP 6.50000 02/05/2024 MH 200,000 $198,493.47
PETROTAL CORP 12.00000 02/16/2024 CA 216,000 $220,320.00
FINECOBANK SPA IT FBK IM 43,848 $474,097.57
ALLFUNDS GROUP PLC GB ALLFG NA 22,829 $179,241.79
ROTORK PLC GB ROR LN 83,606 $239,849.54
AUTO TRADER GROUP PLC GB AUTO LN 65,825 $497,023.63
CELLNEX TELECOM SA ES CLNX SM 4,271 $166,324.40
ASSA ABLOY AB-B SE ASSAB SS 14,093 $285,439.25
CLEANAWAY WASTE MANAGEMENT AU CWY AU 179,039 $340,049.77
INTERMEDIATE CAPITAL GROUP GB ICP LN 16,141 $255,153.07
ADYEN NV NL ADYEN NA 297 $458,314.09
BANK OF N.T. BUTTERFIELD&SON BM NTB 6,214 $202,700.68
BUNGE LIMITED US BG 343 $34,015.31
EATON CORP PLC US ETN 692 $94,554.88
JOHNSON CONTROLS INTERNATIONAL US JCI 1,256 $67,999.84
MEDTRONIC INC IE MDT 85,972 $7,558,658.24
ROYALTY PHARMA PLC- CL A US RPRX 1,006 $42,060.86
STONECO LTD-A BR STNE 18,969 $179,826.12
TRANE TECHNOLOGIES IE TT 322 $49,610.54
ALCON INC CH ALC 38,506 $2,529,074.08
CHUBB LTD CH CB 607 $114,753.35
GARMIN LTD CH GRMN 455 $40,262.95
TE CONNECTIVITY LIMITED CH TEL 450 $56,794.50
LYONDELLBASELL INDU-CL A US LYB 471 $39,093.00
PLAYA HOTELS AND RESORTS US PLYA 6,842 $44,883.52
BROOGE PETROLEUM AND GAS 8.50000 09/24/2025 AE 128,176 $123,260.25

Investments will change over time.

Distributions

  • Pro-Blend® Maximum Term Series Class L Distribution History
  • 2022 Distribution Calendar
  • Fourth Quarter 2021 Distributions
  • Third Quarter 2022 Distributions
  • Second Quarter 2022 Distributions
  • First Quarter 2022 Distributions
  • Tax Letter
  • Target 2045 Merger into Pro Blend Maximum
  • Target 2050 Merger into Pro Blend Maximum
  • Target 2055 Merger into Pro Blend Maximum
  • Target 2060 Merger into Pro Blend Maximum

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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