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 his or her current risk tolerance and investment time horizon, then decide when to move to a different objective as his or her personal situation changes over the years.

Time Horizon & Range of Stock Exposure

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

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

Manning and Napier Risk-Based Funds Graphic

Learn more about our Pro-Blend® Series

Daily Price

$18.57

Daily $ Change

-$0.03

Daily % Change

-0.16%

as of 04/07/2020

Ticker

EXHAX

CUSIP

563821594

Inception Date

11/01/1995

Investment Minimum

$2,000.00

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

Performance

As of 03/31/2020

YTD

-15.86%

1 Year

-5.10%

3 Year

4.82%

5 Year

4.26%

10 Year

6.92%

Inception
(11/01/1995)

8.26%

US Stock Market Cycle (04/01/2000 - 03/31/2020)

6.46%

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 1.08%*

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

Top Ten Investments

As of 03/31/2020

TREASURY NOTES 3.28%
COCA COLA CO/THE 2.33%
FACEBOOK INC -A 2.27%
MONDELEZ INTERNATIONAL INC 2.24%
MICROSOFT CORP 2.17%
AMAZON.COM INC 1.97%
CABOT OIL & GAS CORP 1.94%
BOOKING HOLDINGS INC 1.93%
MASTERCARD INC-CLASS A 1.79%
SERVICENOW INC 1.79%

This investment list is unaudited and excludes cash.

Asset Allocation

As of 03/31/2020

Stocks 87.78%
Bonds 10.00%
Cash 2.22%

Detailed Asset Class Allocation

As of 03/31/2020

International Equities 25.44%
Small Capitalization 0.64%
Mid Capitalization 4.40%
Large Capitalization 57.30%
Long Term Fixed Income 2.32%
Intermediate Term Fixed Income 4.11%
Short Term Fixed Income 3.57%
Cash 2.22%

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

March Fund Holdings

As of 03/31/2020

CUSIP Security Description Country Ticker Shares/Par Market Value (USD)
00101JAK2 ADT SEC CORP 6.25000 10/15/2021 US 20,000 $19,550.00
00206RDQ2 AT&T INC 4.25000 03/01/2027 US 650,000 $690,409.62
00287Y109 ABBVIE INC US ABBV 1,680 $127,999.20
004239109 ACADIA REALTY TRUST US AKR 1,595 $19,762.05
00489LAA1 ACRISURE LLC / FIN INC 7.00000 11/15/2025 US 20,000 $17,200.00
00507V109 ACTIVISION INC US ATVI 64,860 $3,857,872.80
00774MAG0 AERCAP IRELAND CAP / GLOBA 4.45000 10/01/2025 IE 380,000 $321,727.27
00791GAA5 AG MERGER SUB II INC 10.75000 08/01/2027 US 20,000 $17,400.00
008492100 AGREE REALTY CORP US ADC 435 $26,926.50
00912XAV6 AIR LEASE CORP 3.62500 04/01/2027 US 370,000 $310,764.64
00912XBA1 AIR LEASE CORP 3.25000 03/01/2025 US 35,000 $27,430.54
013092AC5 ALBERTSONS COS/SAFEWAY 4.62500 01/15/2027 US 25,000 $24,875.00
015271109 ALEXANDRIA REAL EST EQUITIES US ARE 160 $21,929.60
01609W102 ALIBABA GROUP - ADR CN BABA 10,050 $1,954,524.00
01609WAT9 ALIBABA GROUP HOLDING 3.40000 12/06/2027 KY 510,000 $534,599.43
020002101 ALLSTATE CORPORATION US ALL 494 $45,314.62
02005NBF6 ALLY FINANCIAL INC 5.75000 11/20/2025 US 35,000 $34,237.00
02079K107 ALPHABET INC-CL C US GOOG 2,975 $3,459,359.75
02079K305 ALPHABET INC-CL A US GOOGL 2,985 $3,468,420.75
02154CAE3 ALTICE FINANCING SA 7.50000 05/15/2026 LU 35,000 $33,911.50
023135106 AMAZON.COM INC US AMZN 3,100 $6,044,132.00
02319V103 AMBEV SA-ADR BR ABEV 746,902 $1,717,874.60
0237400 DIAGEO PLC GB DGE LN 71,789 $2,276,389.79
024835100 AMERICAN CAMPUS COMMUNITIES US ACC 1,550 $43,012.50
02665T306 AMERICAN HOMES 4 RENT- A US AMH 3,125 $72,500.00
03019LAA4 AMERICAN TANKER INC 9.25000 02/22/2022 US 15,000 $13,500.04
03027X100 AMERICAN TOWER REIT INC US AMT 17,695 $3,853,086.25
03027XAW0 AMERICAN TOWER CORP 3.80000 08/15/2029 US 670,000 $678,240.98
03064D108 AMERICOLD REALTY TRUST US COLD 2,260 $76,930.40
032654105 ANALOG DEVICES INC US ADI 464 $41,597.60
03690AAD8 ANTERO MIDSTREAM PART / FI 5.75000 03/01/2027 US 20,000 $12,800.00
03690AAF3 ANTERO MIDSTREAM PART/FI 5.75000 01/15/2028 US 20,000 $12,800.00
03748R754 APARTMENT INVT & MGMT CO -A US AIV 1,633 $57,399.95
039483102 ARCHER-DANIELS-MIDLAND CO US ADM 1,001 $35,215.18
045086AF2 ASHTON WOODS USA/FINANCE 6.75000 08/01/2025 US 20,000 $16,000.00
053015103 AUTOMATIC DATA PROCESSING US ADP 443 $60,549.24
053332102 AUTOZONE INC US AZO 2,735 $2,313,810.00
053484101 AVALONBAY COMMUNITIES INC US AVB 690 $101,547.30
05401AAJ0 AVOLON HOLDINGS FNDG LTD 3.25000 02/15/2027 KY 430,000 $337,220.01
055622104 BP PLC-SPONS ADR GB BP 20,715 $505,238.85
05722G100 BAKER HUGHES CO US BKR 2,077 $21,808.50
060505104 BANK OF AMERICA CORP US BAC 7,352 $156,082.96
06051GFM6 BANK OF AMERICA CORP 4.00000 01/22/2025 US 1,000,000 $1,052,391.16
084670702 BERKSHIRE HATHAWAY INC-CL B US BRK/B 27,120 $4,958,349.60
086516101 BEST BUY INC US BBY 557 $31,749.00
09061G101 BIOMARIN PHARMACEUTICAL INC US BMRN 34,170 $2,887,365.00
09247X101 BLACKROCK INC US BLK 10,185 $4,481,094.45
0946580 WEIR GROUP PLC/THE GB WEIR LN 13,440 $119,536.85
09857L108 BOOKING HOLDINGS INC US BKNG 4,410 $5,932,861.20
101121101 BOSTON PROPERTIES INC US BXP 690 $63,638.70
101137107 BOSTON SCIENTIFIC CORP US BSX 39,540 $1,290,190.20
105368203 BRANDYWINE REALTY TRUST US BDN 3,510 $36,925.20
110122108 BRISTOL MYERS SQUIBB CO US BMY 2,277 $126,919.98
11680JAA0 BRUIN E&P PARTNERS LLC 8.87500 08/01/2023 US 45,000 $3,150.00
1248EPCE1 CCO HLDGS LLC/CAP CORP 4.50000 08/15/2030 US 20,000 $19,600.00
12503M108 CBOE GLOBAL MARKETS INC US CBOE 27,840 $2,484,720.00
12527GAC7 CF INDUSTRIES 3.45000 06/01/2023 US 35,000 $34,389.95
12541W209 C.H. ROBINSON WORLDWIDE INC US CHRW 375 $24,825.00
12572Q105 CME GROUP INC US CME 13,180 $2,278,953.80
127097103 CABOT OIL & GAS CORP US COG 346,475 $5,955,905.25
131477AT8 CALUMET SPECIALTY PROD 11.00000 04/15/2025 US 30,000 $21,610.50
133131102 CAMDEN PROPERTY TRUST US CPT 1,040 $82,409.60
13321L108 CAMECO CORP CA CCJ 23,455 $179,196.20
14180LAA4 CARGO AIRCRAFT MANAGEMENT 4.75000 02/01/2028 US 45,000 $41,737.50
143905AN7 CARRIAGE SERVICES INC 6.62500 06/01/2026 US 30,000 $29,475.00
149123101 CATERPILLAR INC US CAT 768 $89,118.72
156700AW6 CENTURYLINK INC 5.62500 04/01/2020 US 20,000 $20,000.00
16119P108 CHARTER COMMUNICATIONS INC-A US CHTR 3,415 $1,489,998.65
166764100 CHEVRON CORP US CVX 18,400 $1,333,264.00
172062101 CINCINNATI FINANCIAL CORP US CINF 275 $20,748.75
17275R102 CISCO SYSTEMS INC US CSCO 4,253 $167,185.43
172967424 CITIGROUP INC US C 2,209 $93,043.08
172967EW7 CITIGROUP INC 8.12500 07/15/2039 US 170,000 $266,653.14
191216100 COCA COLA CO/THE US KO 161,897 $7,163,942.25
194162103 COLGATE-PALMOLIVE CO US CL 1,193 $79,167.48
20030N101 COMCAST CORP-CL A US CMCSA 3,349 $115,138.62
20030NCY5 COMCAST CORP 3.25000 11/01/2039 US 520,000 $536,787.59
20369C106 COMMUNITY HEALTHCARE TRUST I US CHCT 1,245 $47,658.60
20451NAG6 COMPASS MINERALS INTERNA 6.75000 12/01/2027 US 35,000 $31,596.25
205887102 CONAGRA BRAND INC. US CAG 1,065 $31,247.10
20825C104 CONOCOPHILLIPS US COP 42,675 $1,314,390.00
21036P108 CONSTELLATION BRANDS INC-A US STZ 9,194 $1,318,051.84
217204106 COPART INC US CPRT 19,790 $1,356,010.80
222795502 COUSINS PROPERTIES INC US CUZ 2,500 $73,175.00
225310AN1 CREDIT ACCEPTANC 5.12500 12/31/2024 US 20,000 $18,200.00
22822V101 CROWN CASTLE INTL CORP US CCI 445 $64,258.00
22822VAN1 CROWN CASTLE INTL CORP 3.10000 11/15/2029 US 670,000 $641,821.64
231021106 CUMMINS INC US CMI 303 $41,001.96
23110AAA4 CUMULUS MEDIA NEW HLDGS 6.75000 07/01/2026 US 45,000 $40,275.00
2347608 FIRST QUANTUM MINERALS LTD CA FM CN 11,495 $58,728.81
253868103 DIGITAL REALTY TRUST INC US DLR 997 $138,493.27
254687106 WALT DISNEY CO/THE US DIS 22,000 $2,125,200.00
254709AP3 DISCOVER FINANCIAL SVS 4.50000 01/30/2026 US 35,000 $35,699.27
25470DAT6 DISCOVERY COMMUNICATIONS 5.20000 09/20/2047 US 610,000 $614,619.73
256677105 DOLLAR GENERAL CORP US DG 35,775 $5,402,382.75
256746108 DOLLAR TREE STORES INC US DLTR 60,730 $4,461,833.10
25787GAC4 DONNELLEY FINANCIAL SOL 8.25000 10/15/2024 US 60,000 $56,400.00
25960P109 DOUGLAS EMMETT INC US DEI 1,665 $50,799.15
260003108 DOVER CORP US DOV 247 $20,733.18
26151AAA7 DRAX FINCO PLC 6.62500 11/01/2025 GB 200,000 $200,500.00
262006208 DREYFUS GVT CSH MANAGEMENT US 6,986,406.86 $6,986,406.86
26875P101 EOG RESOURCES INC US EOG 58,041 $2,084,832.72
2715777 QUEBECOR INC -CL B CA QBR/B CN 116,990 $2,586,199.74
2801836 SHAW COMMUNICATIONS INC-B CA SJR/B CN 139,290 $2,259,639.52
285512109 ELECTRONIC ARTS US EA 53,050 $5,314,018.50
2866857 LUNDIN MINING CORP CA LUN CN 13,210 $49,656.01
291011104 EMERSON ELEC CO US EMR 1,124 $53,558.60
29273RAR0 ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 US 450,000 $409,739.19
29413XAD9 ENVIVA PARTNERS LP/FIN C 6.50000 01/15/2026 US 30,000 $29,250.00
29444U700 EQUINIX INC US EQIX 5,523 $3,449,500.11
29472R108 EQUITY LIFESTYLE PROPERTIES US ELS 1,140 $65,527.20
29476L107 EQUITY RESIDENTIAL US EQR 1,045 $64,486.95
29670E107 ESSENTIAL PROPERTIES REALTY US EPRT 2,189 $28,588.34
297178105 ESSEX PROPERTY TRUST INC US ESS 192 $42,286.08
30212P303 EXPEDIA INC US EXPE 45,060 $2,535,526.20
30212PAP0 EXPEDIA INC 3.80000 02/15/2028 US 365,000 $315,502.96
30225T102 EXTRA SPACE STORAGE INC US EXR 225 $21,546.00
30303M102 FACEBOOK INC -A US FB 41,850 $6,980,580.00
311900104 FASTENAL CO US FAST 1,224 $38,250.00
315786AC7 FIDELITY & GUARA NTY LIFE 5.50000 05/01/2025 US 45,000 $44,451.00
316773100 FIFTH THIRD BANCORP US FITB 1,402 $20,819.70
32054K103 FIRST INDUSTRIAL REALTY TR US FR 795 $26,417.85
33834YAA6 FIVE POINT OP CO LP/FIVE 7.87500 11/15/2025 US 30,000 $25,800.00
339750101 FLOOR & DECOR HOLDINGS INC -A US FND 34,795 $1,116,571.55
346232AE1 FORESTAR GROUP INC 5.00000 03/01/2028 US 30,000 $24,911.10
34960PAB7 FORTRESS TRANS & INFRAST 6.50000 10/01/2025 US 40,000 $29,300.00
35166FAA0 FOXTROT ESCROW ISSUER 12.25000 11/15/2026 US 40,000 $31,200.00
35671D857 FREEPORT-MCMORAN INC US FCX 129,410 $873,517.50
369550108 GENERAL DYNAMICS CORP US GD 409 $54,114.79
369604BQ5 GENERAL ELECTRIC CO 5.00000 01/21/2021 US 330,000 $272,250.00
370334104 GENERAL MLS INC US GIS 1,026 $54,142.02
37185LAL6 GENESIS ENERGY LP/FIN 7.75000 02/01/2028 US 30,000 $20,886.00
372460105 GENUINE PARTS CO US GPC 383 $25,787.39
374297109 GETTY REALTY CORP US GTY 915 $21,722.10
375558103 GILEAD SCIENCES INC US GILD 1,511 $112,962.36
384802104 WW GRAINGER INC US GWW 87 $21,619.50
388689101 GRAPHIC PACKAGING HOLDING CO US GPK 171,400 $2,091,080.00
38869PAK0 GRAPHIC PACKAGING INTERN 4.75000 04/15/2021 US 25,000 $24,695.00
398433AN2 GRIFFON CORPORATION 5.75000 03/01/2028 US 35,000 $32,900.00
400506101 GRUPO AEROPORTUARIO PAC-ADR MX PAC 1,370 $73,897.80
40051E202 GRUPO AEROPORTUARIO DEL SURESTE MX ASR 875 $82,372.50
4031976 ADIDAS AG DE ADS GR 9,255 $2,054,864.59
404119BX6 HCA INC 4.12500 06/15/2029 US 500,000 $500,861.38
404139AD9 HC2 HOLDINGS INC 11.50000 12/01/2021 US 15,000 $13,950.00
416515104 HARTFORD FINL SVCS US HIG 720 $25,372.80
421946104 HEALTHCARE REALTY TRUST INC US HR 1,150 $32,119.50
42225P501 HEALTHCARE TRUST OF AMERICA US HTA 765 $18,574.20
42250P103 HEALTHPEAK PROPERTIES INC US PEAK 2,980 $71,073.00
427866108 HERSHEY CO/THE US HSY 377 $49,952.50
43300A203 HILTON WORLDWIDE HOLDINGS INC US HLT 520 $35,484.80
437076102 HOME DEPOT INC US HD 1,013 $189,137.23
438516106 HONEYWELL INTERNATIONAL INC US HON 863 $115,460.77
440452100 HORMEL FOODS CORP US HRL 732 $34,140.48
44107P104 HOST MARRIOTT CORP US HST 2,150 $23,736.00
450913AE8 IAMGOLD CORP 7.00000 04/15/2025 CA 30,000 $27,900.00
452308109 ILLINOIS TOOL WKS INC US ITW 494 $70,207.28
45337C102 INCYTE CORP US INCY 15,320 $1,121,883.60
45682RAA8 INFRABUILD AUSTRALIA PTY 12.00000 10/01/2024 AU 30,000 $23,850.00
45781V101 INNOVATIVE INDUSTRIAL PROPER US IIPR 499 $37,889.07
458140100 INTEL CORP US INTC 3,938 $213,124.56
45866F104 INTERCONTINENTALEXCHANGE INC US ICE 27,650 $2,232,737.50
459200101 INTERNATIONAL BUSINESS MACH CORP US IBM 1,072 $118,916.96
459506101 INTERNATIONAL FLVRS & FRAGRANCES US IFF 184 $18,782.72
46120E602 INTUITIVE SURGICAL INC US ISRG 2,235 $1,106,794.35
46187W107 INVITATION HOMES INC US INVH 4,581 $97,895.97
46284PAP9 IRON MOUNTAIN INC 5.75000 08/15/2024 US 35,000 $34,825.00
46625H100 JP MORGAN CHASE & CO US JPM 2,430 $218,772.90
46647PAY2 JPMORGAN CHASE & CO 4.02300 12/05/2024 US 500,000 $529,788.15
4741844 MERCK KGAA DE MRK GR 1,599 $161,438.53
476405105 JERNIGAN CAPITAL INC US JCAP 2,045 $22,413.20
478160104 JOHNSON & JOHNSON US JNJ 41,516 $5,443,993.08
47987LAA9 JONAH NRG LLC/FINANCE 7.25000 10/15/2025 US 40,000 $1,800.00
482480100 KLA-TENCOR CORPORATION US KLAC 303 $43,553.22
487526AB1 KEHE DISTRIBUTORS LLC/FI 8.62500 10/15/2026 US 30,000 $30,150.00
49427F108 KILROY REALTY CORP US KRC 1,441 $91,791.70
494368103 KIMBERLY CLARK CORP US KMB 517 $66,108.79
494550AW6 KINDER MORGAN ENER PART 6.95000 01/15/2038 US 540,000 $561,652.65
501044101 KROGER CO US KR 1,499 $45,149.88
50187TAE6 LGI HOMES INC 6.87500 07/15/2026 US 55,000 $47,850.00
505742AD8 LADDER CAP FIN LLLP/CORP 5.87500 08/01/2021 US 35,000 $29,400.00
5107401 BEIERSDORF AG DE BEI GR 28,105 $2,829,917.06
516806AG1 LAREDO PETROLEUM INC 10.12500 01/15/2028 US 30,000 $11,400.00
53223X107 LIFE STORAGE INC US LSI 205 $19,382.75
532457108 ELI LILLY & CO US LLY 741 $102,791.52
539830109 LOCKHEED MARTIN CORP US LMT 330 $111,853.50
54238XAC2 LONESTAR RESOURCES AMERICA 11.25000 01/01/2023 US 20,000 $3,650.00
550021109 LULULEMON - ADR CA LULU 27,896 $5,287,686.80
56585A102 MARATHON PETROLEUM CORP US MPC 1,258 $29,713.96
57636Q104 MASTERCARD INC-CLASS A US MA 22,850 $5,519,646.00
58933Y105 MERCK & CO INC US MRK 17,222 $1,325,060.68
594918104 MICROSOFT CORP US MSFT 42,395 $6,686,115.45
595112103 MICRON TECHNOLOGY INC US MU 125,895 $5,295,143.70
59522J103 MID-AMERICA APARTMENT COMM US MAA 330 $33,999.90
60871R209 MOLSON COORS BREWING CO -B US TAP 532 $20,753.32
609207105 MONDELEZ INTERNATIONAL INC US MDLZ 137,452 $6,883,596.16
615369105 MOODY'S CORPORATION US MCO 15,455 $3,268,732.50
61965RAA3 MOSS CREEK RESOURCES HLD 7.50000 01/15/2026 US 20,000 $5,800.00
62426EAA3 MOUNTAIN PROVINCE DIAMON 8.00000 12/15/2022 CA 20,000 $14,400.00
6253983 ARISTOCRAT LEISURE LTD AU ALL AU 5,700 $73,858.65
6356934 FANUC LTD JP 6954 JP 900 $120,263.27
637417106 NATIONAL RETAIL PROPERTIES US NNN 720 $23,176.80
63938CAA6 NAVIENT CORP 5.00000 10/26/2020 US 30,000 $29,550.00
63938CAH1 NAVIENT CORP 6.75000 06/25/2025 US 20,000 $18,400.00
64110D104 NETAPP INC US NTAP 519 $21,637.11
6490995 KEYENCE CORP JP 6861 JP 800 $257,210.05
65342QAK8 NEXTERA ENERGY OPERATING 4.25000 07/15/2024 US 15,000 $14,625.00
65409QBB7 NIELSEN FINANCE LLC/CO 5.00000 04/15/2022 US 30,000 $27,654.60
654106103 NIKE INC CLASS B US NKE 64,110 $5,304,461.40
655844108 NORFOLK SOUTHN CORP US NSC 305 $44,530.00
6642321 NIKON CORP JP 7731 JP 160,000 $1,468,522.57
66727WAA0 NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 CA 40,000 $19,600.00
66987V109 NOVARTIS AG- REG CH NVS 43,380 $3,576,681.00
670346105 NUCOR CORP US NUE 740 $26,654.80
67059TAD7 NUSTAR LOGISTICS LP 6.75000 02/01/2021 US 20,000 $15,900.00
67066G104 NVIDIA CORP US NVDA 9,750 $2,570,100.00
67401PAB4 OAKTREE SPECIALTY LEND 3.50000 02/25/2025 US 35,000 $31,392.79
6742340 SHANDONG WEIGAO CN 1066 HK 196,000 $246,050.05
675232AB8 OCEANEERING INTL INC 6.00000 02/01/2028 US 30,000 $11,487.45
6821506 SONY CORP FIRST SECTION JP 6758 JP 5,900 $349,478.12
68245XAE9 1011778 BC / NEW RED FIN 5.00000 10/15/2025 CA 30,000 $28,649.70
68389X105 ORACLE CORP US ORCL 2,286 $110,482.38
69318FAH1 PBF HOLDING CO LLC 6.00000 02/15/2028 US 30,000 $19,800.00
693475105 PNC FINANCIAL SERVICES GROUP US PNC 474 $45,371.28
7021963 DEUTSCHE BOERSE AG DE DB1 GR 23,185 $3,185,251.93
70450Y103 PAYPAL HOLDINGS INC US PYPL 48,375 $4,631,422.50
7123870 NESTLE SA-REGISTERED CH NESN SW 34,555 $3,537,319.17
713448108 PEPSICO INC US PEP 16,335 $1,961,833.50
717081103 PFIZER INC US PFE 5,487 $179,095.68
719245AD4 PHOTO HOLDINGS MERGER SU 8.50000 10/01/2026 US 30,000 $24,300.00
71943U104 PHYSICIANS REALTY TRUST US DOC 2,290 $31,922.60
733174AK2 POPULAR INC 6.12500 09/14/2023 PR 35,000 $32,375.00
741503AZ9 BOOKING HOLDINGS INC 3.60000 06/01/2026 US 570,000 $555,917.12
74166MAB2 PRIME SECSRVC BRW/FINANC 5.25000 04/15/2024 US 30,000 $29,633.70
74166MAC0 PRIME SECSRVC BRW/FINANC 5.75000 04/15/2026 US 20,000 $19,600.00
74166MAE6 PRIME SECSRVC BRW/FINANC 6.25000 01/15/2028 US 40,000 $34,500.00
74340W103 PROLOGIS US PLD 2,799 $224,955.63
74460D109 PUBLIC STORAGE INC US PSA 490 $97,318.90
747525103 QUALCOMM INC US QCOM 1,073 $72,588.45
74834L100 QUEST DIAGNOSTICS INC US DGX 312 $25,053.60
750236AW1 RADIAN GROUP INC 4.87500 03/15/2027 US 45,000 $44,325.00
755111507 RAYTHEON COMPANY US RTN 339 $44,459.85
756109104 REALTY INCOME CORP US O 475 $23,683.50
7591EP100 REGIONS FINANCIAL CORP. US RF 2,093 $18,774.21
76131D103 RESTAURANT BRANDS INTERN CA QSR 5,480 $219,364.40
76169C100 REXFORD INDUSTRIAL REALITY IN US REXR 250 $10,252.50
7698356 GETINGE AB-B SHS SE GETIB SS 10,865 $205,447.55
773903109 ROCKWELL AUTOMATION INC US ROK 217 $32,747.47
780259107 ROYAL DUTCH SHELL PLC-ADR B NL RDS/B 14,480 $472,916.80
783513203 RYANAIR HOLDINGS - ADR IE RYAAY 47,780 $2,536,640.20
78409V104 S&P GLOBAL INC US SPGI 12,750 $3,124,387.50
78410G104 SBA COMMUNICATIONS CORP US SBAC 13,910 $3,755,282.70
78410GAC8 SBA COMMUNICATIONS CORP 3.87500 02/15/2027 US 25,000 $25,062.50
78442PGC4 SLM CORP 5.12500 04/05/2022 US 35,000 $30,100.00
785592AV8 SABINE PASS LIQUEFACTION 5.87500 06/30/2026 US 770,000 $696,696.08
79466L302 SALESFORCE.COM US CRM 13,760 $1,981,164.80
80282KAE6 SANTANDER HOLDINGS USA 4.50000 07/17/2025 US 660,000 $673,336.59
806857108 SCHLUMBERGER LTD NL SLB 68,388 $922,554.12
808625AA5 SCIENCE APPLICATIONS INT 4.87500 04/01/2028 US 40,000 $38,400.00
81141R100 SEA LTD - ADR SG SE 37,785 $1,674,253.35
812578102 SEATTLE GENETICS INC US SGEN 12,330 $1,422,635.40
81762P102 SERVICENOW INC US NOW 19,165 $5,492,305.70
828806109 SIMON PROPERTY GROUP INC US SPG 690 $37,853.40
832696405 JM SMUCKER CO/THE-NEW COM WI US SJM 277 $30,747.00
835699307 SONY CORP SPONSORED ADR JP SNE 75,675 $4,478,446.50
84265V105 SOUTHERN COPPER CORPORATION US SCCO 53,860 $1,516,697.60
84265VAD7 SOUTHERN COPPER CORP 5.37500 04/16/2020 US 400,000 $398,001.36
85172FAN9 SPRINGLEAF FINANCE CORP 7.12500 03/15/2026 US 30,000 $29,700.00
852061AR1 SPRINT COMMUNICATIONS 7.00000 08/15/2020 US 45,000 $45,027.00
85207UAE5 SPRINT CORP 7.25000 09/15/2021 US 20,000 $20,614.00
85207UAH8 SPRINT CORP 7.12500 06/15/2024 US 30,000 $32,929.50
852234103 SQUARE INC - A US SQ 15,685 $821,580.30
85254J102 STAG INDUSTRIAL INC US STAG 970 $21,844.40
855030AN2 STAPLES INC 7.50000 04/15/2026 US 30,000 $26,512.50
85571BAP0 STARWOOD PROPERTY TRUST 3.62500 02/01/2021 US 50,000 $46,755.00
862121100 STORE CAPITAL CORP US STOR 1,750 $31,710.00
866674104 SUN COMMUNITIES US SUI 855 $106,746.75
867892101 SUNSTONE HOTEL INVESTORS INC US SHO 1,800 $15,678.00
871829107 SYSCO CORP US SYY 827 $37,736.01
872540AR0 TJX COS INC 3.50000 04/15/2025 US 340,000 $347,537.13
87854WAA1 TECHNIPLAS LLC 10.00000 05/01/2020 US 25,000 $17,125.00
88032WAN6 TENCENT HOLDINGS 3.97500 04/11/2029 KY 490,000 $546,718.18
88146M101 TERRENO REALTY CORP US TRNO 190 $9,832.50
882508104 TEXAS INSTRUMENTS INC US TXN 1,146 $114,519.78
883556102 THERMO FISHER SCIENTIFIC INC US TMO 7,355 $2,085,878.00
88579Y101 3M CO US MMM 741 $101,153.91
89151E109 TOTAL S A SPONSORED ADR FR TOT 35,780 $1,332,447.20
892231AA9 TOWNSQUARE MEDIA INC 6.50000 04/01/2023 US 45,000 $43,200.00
89417E109 TRAVELLERS COS INC US TRV 399 $39,640.65
89832Q109 TRUIST FINANCIAL CORP US TFC 2,036 $62,790.24
901109AF5 TUTOR PERINI CORP 6.87500 05/01/2025 US 60,000 $49,800.00
902494103 TYSON FOODS INC -CL A US TSN 648 $37,499.76
902653104 UDR INC US UDR 864 $31,570.56
902973304 U.S. BANCORP US USB 2,122 $73,102.90
904767704 UNILEVER PLC - ADR GB UL 72,519 $3,667,285.83
907818108 UNION PAC CORP US UNP 819 $115,511.76
912810FS2 TSY INFL IX N/B 2.00000 01/15/2026 US 1,748,163.75 $1,944,529.55
912810QV3 UNITED STATES TREAS INFL INDEX 0.75000 02/15/2042 US 732,717.39 $820,593.39
912810RX8 US TREASURY N/B 3.00000 05/15/2047 US 2,155,000 $2,987,200.40
912828YN4 US TREASURY FRN 0.42504 10/31/2021 US 10,050,000 $10,078,988.72
913017109 UNITED TECHNOLOGIES CORP US UTX 1,022 $96,405.26
91324P102 UNITEDHEALTH GROUP INC US UNH 8,990 $2,241,926.20
91704F104 URBAN EDGE PROPERTIES US UE 2,110 $18,589.10
918204108 VF CORP US VFC 766 $41,425.28
91911KAK8 BAUSCH HEALTH COS INC 7.00000 03/15/2024 CA 30,000 $30,562.20
91913Y100 VALERO ENERGY US VLO 745 $33,793.20
92276F100 VENTAS INC US VTR 507 $13,587.60
92339V100 VEREIT INC US VER 4,075 $19,926.75
92343VDU5 VERIZON COMMUNICATIONS 5.25000 03/16/2037 US 850,000 $1,079,602.28
92511U102 VERRA MOBILITY CORP US VRRM 193,885 $1,384,338.90
92532F100 VERTEX PHARMACEUTICALS INC US VRTX 5,790 $1,377,730.50
92826C839 VISA INC - CLASS A SHARES US V 27,205 $4,383,269.60
92840JAA7 VISTAJET MALTA/XO MGMT 10.50000 06/01/2024 MUL 30,000 $24,262.50
92840VAB8 VISTRA OPERATIONS CO LLC 5.62500 02/15/2027 US 35,000 $36,093.75
931142103 WAL MART STORES US WMT 2,021 $229,626.02
94106L109 WASTE MANAGEMENT INC US WM 677 $62,663.12
94856UAA9 WEEKLEY HOMES LLC/ FINAN 6.62500 08/15/2025 US 30,000 $27,000.00
949746101 WELLS FARGO COMPANY US WFC 4,533 $130,097.10
95040Q104 WELLTOWER INC. US WELL 1,117 $51,136.26
955306105 WEST PHARMACEUTICAL SERVICES US WST 7,350 $1,119,037.50
962178AN9 TRI POINTE GROUP / HOMES 5.87500 06/15/2024 US 20,000 $18,579.60
966387AH5 WHITING PETROLEUM CORP 5.75000 03/15/2021 US 30,000 $2,016.00
96949LAD7 WILLIAMS PARTNERS LP 3.75000 06/15/2027 US 520,000 $476,337.87
98311A105 WYNDHAM HOTELS & RESORTS INC US WH 745 $23,474.95
983793AD2 XPO LOGISTICS INC 6.50000 06/15/2022 US 30,000 $30,075.00
B02J639 ADMIRAL GROUP PLC GB ADM LN 16,470 $453,584.93
B1KFX13 GRUPO AEROPORTUARIO DEL CENT MX OMAB MM 21,800 $73,774.01
B1Y47Y7 GERRESHEIMER AG DE GXI GR 2,815 $177,509.53
B1Y9TB3 DANONE FR BN FP 4,546 $290,936.18
B3QJ0H8 TOURMALINE OIL CORP CA TOU CN 7,200 $44,203.79
B4YVF56 BRENNTAG AG DE BNR GR 52,200 $1,896,539.07
B63QM77 NEXON CO LTD JP 3659 JP 331,500 $5,416,989.10
B7KR2P8 EASY JET PLC GB EZJ LN 319,210 $2,211,979.91
BBQ3850 KEYWORDS STUDIOS PLC IE KWS LN 4,701 $83,215.21
BD3HF92 BSR REAL ESTATE INVESTMENT CA HOM/U CN 1,720 $15,050.00
BGHQ198 HIBERNIA REIT PLC IE HBRN ID 22,020 $25,402.75
BGJW376 MEITUAN DIANPING - CLASS B CN 3690 HK 6,100 $72,719.60
BJ2KSG2 AKZO NOBEL NL AKZA NA 2,346 $154,293.50
BMMV2K8 TENCENT HOLDINGS LTD CN 700 HK 97,934 $4,840,643.89
BMTRW10 B&M EUROPEAN VALUE RETAIL SA GB BME LN 47,170 $160,199.18
BNGN9Z1 FINECOBANK SPA IT FBK IM 162,590 $1,462,837.49
BP9DL90 INDUSTRIA DE DISENO TEXTIL ES ITX SM 83,865 $2,173,249.14
BVYVFW2 AUTO TRADER GROUP PLC GB AUTO LN 22,980 $124,178.91
BYYHL23 ANHEUSER-BUSCH INBEV SA/NV BE ABI BB 45,812 $2,023,512.10
BZ0VW78 BINGO INDUSTRIES LTD AU BIN AU 76,972 $90,294.13
BZ1HM42 ADYEN NV NL ADYEN NA 115 $97,737.95
G0772R208 BANK OF N.T. BUTTERFIELD&SON BM NTB 6,610 $112,568.30
G1151C101 ACCENTURE PLC - CL A IE ACN 13,706 $2,237,641.56
G29183103 EATON CORP PLC US ETN 722 $56,092.18
G51502105 JOHNSON CONTROLS INTERNATIONAL US JCI 1,585 $42,731.60
G5494J103 LINDE PLC GB LIN 476 $82,348.00
G5960L103 MEDTRONIC INC IE MDT 34,331 $3,095,969.58
G66721104 NORWEGIAN CRUISE LINE HOLDINGS US NCLH 26,370 $289,015.20
G8994E103 TRANE TECHNOLOGIES IE TT 360 $29,732.40
G97822103 PERRIGO CO PLC IE PRGO 4,540 $218,328.60
H01301128 ALCON INC CH ALC 33,909 $1,723,255.38
H1467J104 CHUBB LTD CH CB 590 $65,897.10
H2906T109 GARMIN LTD CH GRMN 310 $23,237.60
N53745100 LYONDELLBASELL INDU-CL A US LYB 717 $35,584.71
V7780T103 ROYAL CARIBBEAN CRUISES LTD US RCL 11,460 $368,668.20

Investments will change over time.

Distributions

  • Pro-Blend® Maximum Term Series Class S Distribution History
  • 2020 Distribution Calendar
  • Fourth Quarter 2019 Distributions
  • Third Quarter 2019 Distributions
  • Second Quarter 2019 Distributions
  • First Quarter 2020 Distributions
  • Tax Letter

A Word About Risk

All investments involve risks, including possible loss of principal. Because the fund invests in both stocks and bonds, the value of your investment will fluctuate in response to stock market movements and changes in interest rates. Investing in the fund will also involve a number of other risks, including issuer-specific risk, foreign investment risk, and small-cap/mid-cap risk. Investments in options and futures, like all derivatives, can be highly volatile and involve risks in addition to the risks of the underlying instrument on which the derivative is based, such as counterparty, correlation and liquidity risk. Also, the use of leverage increases exposure to the market and may magnify potential losses.

Daily Price

$18.57

Daily $ Change

-$0.03

Daily % Change

-0.16%

as of 04/07/2020

Ticker

EXHAX

CUSIP

563821594

Inception Date

11/01/1995

Investment Minimum

$2,000.00

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

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 his or her current risk tolerance and investment time horizon, then decide when to move to a different objective as his or her personal situation changes over the years.

Time Horizon & Range of Stock Exposure

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

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

Manning and Napier Risk-Based Funds Graphic

Learn more about our Pro-Blend® Series

Performance

As of 03/31/2020

YTD

-15.86%

1 Year

-5.10%

3 Year

4.82%

5 Year

4.26%

10 Year

6.92%

Inception
(11/01/1995)

8.26%

US Stock Market Cycle (04/01/2000 - 03/31/2020)

6.46%

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 1.08%*

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

Top Ten Investments

As of 03/31/2020

TREASURY NOTES 3.28%
COCA COLA CO/THE 2.33%
FACEBOOK INC -A 2.27%
MONDELEZ INTERNATIONAL INC 2.24%
MICROSOFT CORP 2.17%
AMAZON.COM INC 1.97%
CABOT OIL & GAS CORP 1.94%
BOOKING HOLDINGS INC 1.93%
MASTERCARD INC-CLASS A 1.79%
SERVICENOW INC 1.79%

This investment list is unaudited and excludes cash.

Asset Allocation

As of 03/31/2020

Stocks
87.78%
Bonds
10.00%
Cash
2.22%

Detailed Asset Class Allocation

As of 03/31/2020

International Equities
25.44%
Small Capitalization
0.64%
Mid Capitalization
4.40%
Large Capitalization
57.30%
Long Term Fixed Income
2.32%
Intermediate Term Fixed Income
4.11%
Short Term Fixed Income
3.57%
Cash
2.22%

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

March Fund Holdings

As of 03/31/2020

CUSIP Security Description Country Ticker Shares/Par Market Value (USD)
00101JAK2 ADT SEC CORP 6.25000 10/15/2021 US 20,000 $19,550.00
00206RDQ2 AT&T INC 4.25000 03/01/2027 US 650,000 $690,409.62
00287Y109 ABBVIE INC US ABBV 1,680 $127,999.20
004239109 ACADIA REALTY TRUST US AKR 1,595 $19,762.05
00489LAA1 ACRISURE LLC / FIN INC 7.00000 11/15/2025 US 20,000 $17,200.00
00507V109 ACTIVISION INC US ATVI 64,860 $3,857,872.80
00774MAG0 AERCAP IRELAND CAP / GLOBA 4.45000 10/01/2025 IE 380,000 $321,727.27
00791GAA5 AG MERGER SUB II INC 10.75000 08/01/2027 US 20,000 $17,400.00
008492100 AGREE REALTY CORP US ADC 435 $26,926.50
00912XAV6 AIR LEASE CORP 3.62500 04/01/2027 US 370,000 $310,764.64
00912XBA1 AIR LEASE CORP 3.25000 03/01/2025 US 35,000 $27,430.54
013092AC5 ALBERTSONS COS/SAFEWAY 4.62500 01/15/2027 US 25,000 $24,875.00
015271109 ALEXANDRIA REAL EST EQUITIES US ARE 160 $21,929.60
01609W102 ALIBABA GROUP - ADR CN BABA 10,050 $1,954,524.00
01609WAT9 ALIBABA GROUP HOLDING 3.40000 12/06/2027 KY 510,000 $534,599.43
020002101 ALLSTATE CORPORATION US ALL 494 $45,314.62
02005NBF6 ALLY FINANCIAL INC 5.75000 11/20/2025 US 35,000 $34,237.00
02079K107 ALPHABET INC-CL C US GOOG 2,975 $3,459,359.75
02079K305 ALPHABET INC-CL A US GOOGL 2,985 $3,468,420.75
02154CAE3 ALTICE FINANCING SA 7.50000 05/15/2026 LU 35,000 $33,911.50
023135106 AMAZON.COM INC US AMZN 3,100 $6,044,132.00
02319V103 AMBEV SA-ADR BR ABEV 746,902 $1,717,874.60
0237400 DIAGEO PLC GB DGE LN 71,789 $2,276,389.79
024835100 AMERICAN CAMPUS COMMUNITIES US ACC 1,550 $43,012.50
02665T306 AMERICAN HOMES 4 RENT- A US AMH 3,125 $72,500.00
03019LAA4 AMERICAN TANKER INC 9.25000 02/22/2022 US 15,000 $13,500.04
03027X100 AMERICAN TOWER REIT INC US AMT 17,695 $3,853,086.25
03027XAW0 AMERICAN TOWER CORP 3.80000 08/15/2029 US 670,000 $678,240.98
03064D108 AMERICOLD REALTY TRUST US COLD 2,260 $76,930.40
032654105 ANALOG DEVICES INC US ADI 464 $41,597.60
03690AAD8 ANTERO MIDSTREAM PART / FI 5.75000 03/01/2027 US 20,000 $12,800.00
03690AAF3 ANTERO MIDSTREAM PART/FI 5.75000 01/15/2028 US 20,000 $12,800.00
03748R754 APARTMENT INVT & MGMT CO -A US AIV 1,633 $57,399.95
039483102 ARCHER-DANIELS-MIDLAND CO US ADM 1,001 $35,215.18
045086AF2 ASHTON WOODS USA/FINANCE 6.75000 08/01/2025 US 20,000 $16,000.00
053015103 AUTOMATIC DATA PROCESSING US ADP 443 $60,549.24
053332102 AUTOZONE INC US AZO 2,735 $2,313,810.00
053484101 AVALONBAY COMMUNITIES INC US AVB 690 $101,547.30
05401AAJ0 AVOLON HOLDINGS FNDG LTD 3.25000 02/15/2027 KY 430,000 $337,220.01
055622104 BP PLC-SPONS ADR GB BP 20,715 $505,238.85
05722G100 BAKER HUGHES CO US BKR 2,077 $21,808.50
060505104 BANK OF AMERICA CORP US BAC 7,352 $156,082.96
06051GFM6 BANK OF AMERICA CORP 4.00000 01/22/2025 US 1,000,000 $1,052,391.16
084670702 BERKSHIRE HATHAWAY INC-CL B US BRK/B 27,120 $4,958,349.60
086516101 BEST BUY INC US BBY 557 $31,749.00
09061G101 BIOMARIN PHARMACEUTICAL INC US BMRN 34,170 $2,887,365.00
09247X101 BLACKROCK INC US BLK 10,185 $4,481,094.45
0946580 WEIR GROUP PLC/THE GB WEIR LN 13,440 $119,536.85
09857L108 BOOKING HOLDINGS INC US BKNG 4,410 $5,932,861.20
101121101 BOSTON PROPERTIES INC US BXP 690 $63,638.70
101137107 BOSTON SCIENTIFIC CORP US BSX 39,540 $1,290,190.20
105368203 BRANDYWINE REALTY TRUST US BDN 3,510 $36,925.20
110122108 BRISTOL MYERS SQUIBB CO US BMY 2,277 $126,919.98
11680JAA0 BRUIN E&P PARTNERS LLC 8.87500 08/01/2023 US 45,000 $3,150.00
1248EPCE1 CCO HLDGS LLC/CAP CORP 4.50000 08/15/2030 US 20,000 $19,600.00
12503M108 CBOE GLOBAL MARKETS INC US CBOE 27,840 $2,484,720.00
12527GAC7 CF INDUSTRIES 3.45000 06/01/2023 US 35,000 $34,389.95
12541W209 C.H. ROBINSON WORLDWIDE INC US CHRW 375 $24,825.00
12572Q105 CME GROUP INC US CME 13,180 $2,278,953.80
127097103 CABOT OIL & GAS CORP US COG 346,475 $5,955,905.25
131477AT8 CALUMET SPECIALTY PROD 11.00000 04/15/2025 US 30,000 $21,610.50
133131102 CAMDEN PROPERTY TRUST US CPT 1,040 $82,409.60
13321L108 CAMECO CORP CA CCJ 23,455 $179,196.20
14180LAA4 CARGO AIRCRAFT MANAGEMENT 4.75000 02/01/2028 US 45,000 $41,737.50
143905AN7 CARRIAGE SERVICES INC 6.62500 06/01/2026 US 30,000 $29,475.00
149123101 CATERPILLAR INC US CAT 768 $89,118.72
156700AW6 CENTURYLINK INC 5.62500 04/01/2020 US 20,000 $20,000.00
16119P108 CHARTER COMMUNICATIONS INC-A US CHTR 3,415 $1,489,998.65
166764100 CHEVRON CORP US CVX 18,400 $1,333,264.00
172062101 CINCINNATI FINANCIAL CORP US CINF 275 $20,748.75
17275R102 CISCO SYSTEMS INC US CSCO 4,253 $167,185.43
172967424 CITIGROUP INC US C 2,209 $93,043.08
172967EW7 CITIGROUP INC 8.12500 07/15/2039 US 170,000 $266,653.14
191216100 COCA COLA CO/THE US KO 161,897 $7,163,942.25
194162103 COLGATE-PALMOLIVE CO US CL 1,193 $79,167.48
20030N101 COMCAST CORP-CL A US CMCSA 3,349 $115,138.62
20030NCY5 COMCAST CORP 3.25000 11/01/2039 US 520,000 $536,787.59
20369C106 COMMUNITY HEALTHCARE TRUST I US CHCT 1,245 $47,658.60
20451NAG6 COMPASS MINERALS INTERNA 6.75000 12/01/2027 US 35,000 $31,596.25
205887102 CONAGRA BRAND INC. US CAG 1,065 $31,247.10
20825C104 CONOCOPHILLIPS US COP 42,675 $1,314,390.00
21036P108 CONSTELLATION BRANDS INC-A US STZ 9,194 $1,318,051.84
217204106 COPART INC US CPRT 19,790 $1,356,010.80
222795502 COUSINS PROPERTIES INC US CUZ 2,500 $73,175.00
225310AN1 CREDIT ACCEPTANC 5.12500 12/31/2024 US 20,000 $18,200.00
22822V101 CROWN CASTLE INTL CORP US CCI 445 $64,258.00
22822VAN1 CROWN CASTLE INTL CORP 3.10000 11/15/2029 US 670,000 $641,821.64
231021106 CUMMINS INC US CMI 303 $41,001.96
23110AAA4 CUMULUS MEDIA NEW HLDGS 6.75000 07/01/2026 US 45,000 $40,275.00
2347608 FIRST QUANTUM MINERALS LTD CA FM CN 11,495 $58,728.81
253868103 DIGITAL REALTY TRUST INC US DLR 997 $138,493.27
254687106 WALT DISNEY CO/THE US DIS 22,000 $2,125,200.00
254709AP3 DISCOVER FINANCIAL SVS 4.50000 01/30/2026 US 35,000 $35,699.27
25470DAT6 DISCOVERY COMMUNICATIONS 5.20000 09/20/2047 US 610,000 $614,619.73
256677105 DOLLAR GENERAL CORP US DG 35,775 $5,402,382.75
256746108 DOLLAR TREE STORES INC US DLTR 60,730 $4,461,833.10
25787GAC4 DONNELLEY FINANCIAL SOL 8.25000 10/15/2024 US 60,000 $56,400.00
25960P109 DOUGLAS EMMETT INC US DEI 1,665 $50,799.15
260003108 DOVER CORP US DOV 247 $20,733.18
26151AAA7 DRAX FINCO PLC 6.62500 11/01/2025 GB 200,000 $200,500.00
262006208 DREYFUS GVT CSH MANAGEMENT US 6,986,406.86 $6,986,406.86
26875P101 EOG RESOURCES INC US EOG 58,041 $2,084,832.72
2715777 QUEBECOR INC -CL B CA QBR/B CN 116,990 $2,586,199.74
2801836 SHAW COMMUNICATIONS INC-B CA SJR/B CN 139,290 $2,259,639.52
285512109 ELECTRONIC ARTS US EA 53,050 $5,314,018.50
2866857 LUNDIN MINING CORP CA LUN CN 13,210 $49,656.01
291011104 EMERSON ELEC CO US EMR 1,124 $53,558.60
29273RAR0 ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 US 450,000 $409,739.19
29413XAD9 ENVIVA PARTNERS LP/FIN C 6.50000 01/15/2026 US 30,000 $29,250.00
29444U700 EQUINIX INC US EQIX 5,523 $3,449,500.11
29472R108 EQUITY LIFESTYLE PROPERTIES US ELS 1,140 $65,527.20
29476L107 EQUITY RESIDENTIAL US EQR 1,045 $64,486.95
29670E107 ESSENTIAL PROPERTIES REALTY US EPRT 2,189 $28,588.34
297178105 ESSEX PROPERTY TRUST INC US ESS 192 $42,286.08
30212P303 EXPEDIA INC US EXPE 45,060 $2,535,526.20
30212PAP0 EXPEDIA INC 3.80000 02/15/2028 US 365,000 $315,502.96
30225T102 EXTRA SPACE STORAGE INC US EXR 225 $21,546.00
30303M102 FACEBOOK INC -A US FB 41,850 $6,980,580.00
311900104 FASTENAL CO US FAST 1,224 $38,250.00
315786AC7 FIDELITY & GUARA NTY LIFE 5.50000 05/01/2025 US 45,000 $44,451.00
316773100 FIFTH THIRD BANCORP US FITB 1,402 $20,819.70
32054K103 FIRST INDUSTRIAL REALTY TR US FR 795 $26,417.85
33834YAA6 FIVE POINT OP CO LP/FIVE 7.87500 11/15/2025 US 30,000 $25,800.00
339750101 FLOOR & DECOR HOLDINGS INC -A US FND 34,795 $1,116,571.55
346232AE1 FORESTAR GROUP INC 5.00000 03/01/2028 US 30,000 $24,911.10
34960PAB7 FORTRESS TRANS & INFRAST 6.50000 10/01/2025 US 40,000 $29,300.00
35166FAA0 FOXTROT ESCROW ISSUER 12.25000 11/15/2026 US 40,000 $31,200.00
35671D857 FREEPORT-MCMORAN INC US FCX 129,410 $873,517.50
369550108 GENERAL DYNAMICS CORP US GD 409 $54,114.79
369604BQ5 GENERAL ELECTRIC CO 5.00000 01/21/2021 US 330,000 $272,250.00
370334104 GENERAL MLS INC US GIS 1,026 $54,142.02
37185LAL6 GENESIS ENERGY LP/FIN 7.75000 02/01/2028 US 30,000 $20,886.00
372460105 GENUINE PARTS CO US GPC 383 $25,787.39
374297109 GETTY REALTY CORP US GTY 915 $21,722.10
375558103 GILEAD SCIENCES INC US GILD 1,511 $112,962.36
384802104 WW GRAINGER INC US GWW 87 $21,619.50
388689101 GRAPHIC PACKAGING HOLDING CO US GPK 171,400 $2,091,080.00
38869PAK0 GRAPHIC PACKAGING INTERN 4.75000 04/15/2021 US 25,000 $24,695.00
398433AN2 GRIFFON CORPORATION 5.75000 03/01/2028 US 35,000 $32,900.00
400506101 GRUPO AEROPORTUARIO PAC-ADR MX PAC 1,370 $73,897.80
40051E202 GRUPO AEROPORTUARIO DEL SURESTE MX ASR 875 $82,372.50
4031976 ADIDAS AG DE ADS GR 9,255 $2,054,864.59
404119BX6 HCA INC 4.12500 06/15/2029 US 500,000 $500,861.38
404139AD9 HC2 HOLDINGS INC 11.50000 12/01/2021 US 15,000 $13,950.00
416515104 HARTFORD FINL SVCS US HIG 720 $25,372.80
421946104 HEALTHCARE REALTY TRUST INC US HR 1,150 $32,119.50
42225P501 HEALTHCARE TRUST OF AMERICA US HTA 765 $18,574.20
42250P103 HEALTHPEAK PROPERTIES INC US PEAK 2,980 $71,073.00
427866108 HERSHEY CO/THE US HSY 377 $49,952.50
43300A203 HILTON WORLDWIDE HOLDINGS INC US HLT 520 $35,484.80
437076102 HOME DEPOT INC US HD 1,013 $189,137.23
438516106 HONEYWELL INTERNATIONAL INC US HON 863 $115,460.77
440452100 HORMEL FOODS CORP US HRL 732 $34,140.48
44107P104 HOST MARRIOTT CORP US HST 2,150 $23,736.00
450913AE8 IAMGOLD CORP 7.00000 04/15/2025 CA 30,000 $27,900.00
452308109 ILLINOIS TOOL WKS INC US ITW 494 $70,207.28
45337C102 INCYTE CORP US INCY 15,320 $1,121,883.60
45682RAA8 INFRABUILD AUSTRALIA PTY 12.00000 10/01/2024 AU 30,000 $23,850.00
45781V101 INNOVATIVE INDUSTRIAL PROPER US IIPR 499 $37,889.07
458140100 INTEL CORP US INTC 3,938 $213,124.56
45866F104 INTERCONTINENTALEXCHANGE INC US ICE 27,650 $2,232,737.50
459200101 INTERNATIONAL BUSINESS MACH CORP US IBM 1,072 $118,916.96
459506101 INTERNATIONAL FLVRS & FRAGRANCES US IFF 184 $18,782.72
46120E602 INTUITIVE SURGICAL INC US ISRG 2,235 $1,106,794.35
46187W107 INVITATION HOMES INC US INVH 4,581 $97,895.97
46284PAP9 IRON MOUNTAIN INC 5.75000 08/15/2024 US 35,000 $34,825.00
46625H100 JP MORGAN CHASE & CO US JPM 2,430 $218,772.90
46647PAY2 JPMORGAN CHASE & CO 4.02300 12/05/2024 US 500,000 $529,788.15
4741844 MERCK KGAA DE MRK GR 1,599 $161,438.53
476405105 JERNIGAN CAPITAL INC US JCAP 2,045 $22,413.20
478160104 JOHNSON & JOHNSON US JNJ 41,516 $5,443,993.08
47987LAA9 JONAH NRG LLC/FINANCE 7.25000 10/15/2025 US 40,000 $1,800.00
482480100 KLA-TENCOR CORPORATION US KLAC 303 $43,553.22
487526AB1 KEHE DISTRIBUTORS LLC/FI 8.62500 10/15/2026 US 30,000 $30,150.00
49427F108 KILROY REALTY CORP US KRC 1,441 $91,791.70
494368103 KIMBERLY CLARK CORP US KMB 517 $66,108.79
494550AW6 KINDER MORGAN ENER PART 6.95000 01/15/2038 US 540,000 $561,652.65
501044101 KROGER CO US KR 1,499 $45,149.88
50187TAE6 LGI HOMES INC 6.87500 07/15/2026 US 55,000 $47,850.00
505742AD8 LADDER CAP FIN LLLP/CORP 5.87500 08/01/2021 US 35,000 $29,400.00
5107401 BEIERSDORF AG DE BEI GR 28,105 $2,829,917.06
516806AG1 LAREDO PETROLEUM INC 10.12500 01/15/2028 US 30,000 $11,400.00
53223X107 LIFE STORAGE INC US LSI 205 $19,382.75
532457108 ELI LILLY & CO US LLY 741 $102,791.52
539830109 LOCKHEED MARTIN CORP US LMT 330 $111,853.50
54238XAC2 LONESTAR RESOURCES AMERICA 11.25000 01/01/2023 US 20,000 $3,650.00
550021109 LULULEMON - ADR CA LULU 27,896 $5,287,686.80
56585A102 MARATHON PETROLEUM CORP US MPC 1,258 $29,713.96
57636Q104 MASTERCARD INC-CLASS A US MA 22,850 $5,519,646.00
58933Y105 MERCK & CO INC US MRK 17,222 $1,325,060.68
594918104 MICROSOFT CORP US MSFT 42,395 $6,686,115.45
595112103 MICRON TECHNOLOGY INC US MU 125,895 $5,295,143.70
59522J103 MID-AMERICA APARTMENT COMM US MAA 330 $33,999.90
60871R209 MOLSON COORS BREWING CO -B US TAP 532 $20,753.32
609207105 MONDELEZ INTERNATIONAL INC US MDLZ 137,452 $6,883,596.16
615369105 MOODY'S CORPORATION US MCO 15,455 $3,268,732.50
61965RAA3 MOSS CREEK RESOURCES HLD 7.50000 01/15/2026 US 20,000 $5,800.00
62426EAA3 MOUNTAIN PROVINCE DIAMON 8.00000 12/15/2022 CA 20,000 $14,400.00
6253983 ARISTOCRAT LEISURE LTD AU ALL AU 5,700 $73,858.65
6356934 FANUC LTD JP 6954 JP 900 $120,263.27
637417106 NATIONAL RETAIL PROPERTIES US NNN 720 $23,176.80
63938CAA6 NAVIENT CORP 5.00000 10/26/2020 US 30,000 $29,550.00
63938CAH1 NAVIENT CORP 6.75000 06/25/2025 US 20,000 $18,400.00
64110D104 NETAPP INC US NTAP 519 $21,637.11
6490995 KEYENCE CORP JP 6861 JP 800 $257,210.05
65342QAK8 NEXTERA ENERGY OPERATING 4.25000 07/15/2024 US 15,000 $14,625.00
65409QBB7 NIELSEN FINANCE LLC/CO 5.00000 04/15/2022 US 30,000 $27,654.60
654106103 NIKE INC CLASS B US NKE 64,110 $5,304,461.40
655844108 NORFOLK SOUTHN CORP US NSC 305 $44,530.00
6642321 NIKON CORP JP 7731 JP 160,000 $1,468,522.57
66727WAA0 NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 CA 40,000 $19,600.00
66987V109 NOVARTIS AG- REG CH NVS 43,380 $3,576,681.00
670346105 NUCOR CORP US NUE 740 $26,654.80
67059TAD7 NUSTAR LOGISTICS LP 6.75000 02/01/2021 US 20,000 $15,900.00
67066G104 NVIDIA CORP US NVDA 9,750 $2,570,100.00
67401PAB4 OAKTREE SPECIALTY LEND 3.50000 02/25/2025 US 35,000 $31,392.79
6742340 SHANDONG WEIGAO CN 1066 HK 196,000 $246,050.05
675232AB8 OCEANEERING INTL INC 6.00000 02/01/2028 US 30,000 $11,487.45
6821506 SONY CORP FIRST SECTION JP 6758 JP 5,900 $349,478.12
68245XAE9 1011778 BC / NEW RED FIN 5.00000 10/15/2025 CA 30,000 $28,649.70
68389X105 ORACLE CORP US ORCL 2,286 $110,482.38
69318FAH1 PBF HOLDING CO LLC 6.00000 02/15/2028 US 30,000 $19,800.00
693475105 PNC FINANCIAL SERVICES GROUP US PNC 474 $45,371.28
7021963 DEUTSCHE BOERSE AG DE DB1 GR 23,185 $3,185,251.93
70450Y103 PAYPAL HOLDINGS INC US PYPL 48,375 $4,631,422.50
7123870 NESTLE SA-REGISTERED CH NESN SW 34,555 $3,537,319.17
713448108 PEPSICO INC US PEP 16,335 $1,961,833.50
717081103 PFIZER INC US PFE 5,487 $179,095.68
719245AD4 PHOTO HOLDINGS MERGER SU 8.50000 10/01/2026 US 30,000 $24,300.00
71943U104 PHYSICIANS REALTY TRUST US DOC 2,290 $31,922.60
733174AK2 POPULAR INC 6.12500 09/14/2023 PR 35,000 $32,375.00
741503AZ9 BOOKING HOLDINGS INC 3.60000 06/01/2026 US 570,000 $555,917.12
74166MAB2 PRIME SECSRVC BRW/FINANC 5.25000 04/15/2024 US 30,000 $29,633.70
74166MAC0 PRIME SECSRVC BRW/FINANC 5.75000 04/15/2026 US 20,000 $19,600.00
74166MAE6 PRIME SECSRVC BRW/FINANC 6.25000 01/15/2028 US 40,000 $34,500.00
74340W103 PROLOGIS US PLD 2,799 $224,955.63
74460D109 PUBLIC STORAGE INC US PSA 490 $97,318.90
747525103 QUALCOMM INC US QCOM 1,073 $72,588.45
74834L100 QUEST DIAGNOSTICS INC US DGX 312 $25,053.60
750236AW1 RADIAN GROUP INC 4.87500 03/15/2027 US 45,000 $44,325.00
755111507 RAYTHEON COMPANY US RTN 339 $44,459.85
756109104 REALTY INCOME CORP US O 475 $23,683.50
7591EP100 REGIONS FINANCIAL CORP. US RF 2,093 $18,774.21
76131D103 RESTAURANT BRANDS INTERN CA QSR 5,480 $219,364.40
76169C100 REXFORD INDUSTRIAL REALITY IN US REXR 250 $10,252.50
7698356 GETINGE AB-B SHS SE GETIB SS 10,865 $205,447.55
773903109 ROCKWELL AUTOMATION INC US ROK 217 $32,747.47
780259107 ROYAL DUTCH SHELL PLC-ADR B NL RDS/B 14,480 $472,916.80
783513203 RYANAIR HOLDINGS - ADR IE RYAAY 47,780 $2,536,640.20
78409V104 S&P GLOBAL INC US SPGI 12,750 $3,124,387.50
78410G104 SBA COMMUNICATIONS CORP US SBAC 13,910 $3,755,282.70
78410GAC8 SBA COMMUNICATIONS CORP 3.87500 02/15/2027 US 25,000 $25,062.50
78442PGC4 SLM CORP 5.12500 04/05/2022 US 35,000 $30,100.00
785592AV8 SABINE PASS LIQUEFACTION 5.87500 06/30/2026 US 770,000 $696,696.08
79466L302 SALESFORCE.COM US CRM 13,760 $1,981,164.80
80282KAE6 SANTANDER HOLDINGS USA 4.50000 07/17/2025 US 660,000 $673,336.59
806857108 SCHLUMBERGER LTD NL SLB 68,388 $922,554.12
808625AA5 SCIENCE APPLICATIONS INT 4.87500 04/01/2028 US 40,000 $38,400.00
81141R100 SEA LTD - ADR SG SE 37,785 $1,674,253.35
812578102 SEATTLE GENETICS INC US SGEN 12,330 $1,422,635.40
81762P102 SERVICENOW INC US NOW 19,165 $5,492,305.70
828806109 SIMON PROPERTY GROUP INC US SPG 690 $37,853.40
832696405 JM SMUCKER CO/THE-NEW COM WI US SJM 277 $30,747.00
835699307 SONY CORP SPONSORED ADR JP SNE 75,675 $4,478,446.50
84265V105 SOUTHERN COPPER CORPORATION US SCCO 53,860 $1,516,697.60
84265VAD7 SOUTHERN COPPER CORP 5.37500 04/16/2020 US 400,000 $398,001.36
85172FAN9 SPRINGLEAF FINANCE CORP 7.12500 03/15/2026 US 30,000 $29,700.00
852061AR1 SPRINT COMMUNICATIONS 7.00000 08/15/2020 US 45,000 $45,027.00
85207UAE5 SPRINT CORP 7.25000 09/15/2021 US 20,000 $20,614.00
85207UAH8 SPRINT CORP 7.12500 06/15/2024 US 30,000 $32,929.50
852234103 SQUARE INC - A US SQ 15,685 $821,580.30
85254J102 STAG INDUSTRIAL INC US STAG 970 $21,844.40
855030AN2 STAPLES INC 7.50000 04/15/2026 US 30,000 $26,512.50
85571BAP0 STARWOOD PROPERTY TRUST 3.62500 02/01/2021 US 50,000 $46,755.00
862121100 STORE CAPITAL CORP US STOR 1,750 $31,710.00
866674104 SUN COMMUNITIES US SUI 855 $106,746.75
867892101 SUNSTONE HOTEL INVESTORS INC US SHO 1,800 $15,678.00
871829107 SYSCO CORP US SYY 827 $37,736.01
872540AR0 TJX COS INC 3.50000 04/15/2025 US 340,000 $347,537.13
87854WAA1 TECHNIPLAS LLC 10.00000 05/01/2020 US 25,000 $17,125.00
88032WAN6 TENCENT HOLDINGS 3.97500 04/11/2029 KY 490,000 $546,718.18
88146M101 TERRENO REALTY CORP US TRNO 190 $9,832.50
882508104 TEXAS INSTRUMENTS INC US TXN 1,146 $114,519.78
883556102 THERMO FISHER SCIENTIFIC INC US TMO 7,355 $2,085,878.00
88579Y101 3M CO US MMM 741 $101,153.91
89151E109 TOTAL S A SPONSORED ADR FR TOT 35,780 $1,332,447.20
892231AA9 TOWNSQUARE MEDIA INC 6.50000 04/01/2023 US 45,000 $43,200.00
89417E109 TRAVELLERS COS INC US TRV 399 $39,640.65
89832Q109 TRUIST FINANCIAL CORP US TFC 2,036 $62,790.24
901109AF5 TUTOR PERINI CORP 6.87500 05/01/2025 US 60,000 $49,800.00
902494103 TYSON FOODS INC -CL A US TSN 648 $37,499.76
902653104 UDR INC US UDR 864 $31,570.56
902973304 U.S. BANCORP US USB 2,122 $73,102.90
904767704 UNILEVER PLC - ADR GB UL 72,519 $3,667,285.83
907818108 UNION PAC CORP US UNP 819 $115,511.76
912810FS2 TSY INFL IX N/B 2.00000 01/15/2026 US 1,748,163.75 $1,944,529.55
912810QV3 UNITED STATES TREAS INFL INDEX 0.75000 02/15/2042 US 732,717.39 $820,593.39
912810RX8 US TREASURY N/B 3.00000 05/15/2047 US 2,155,000 $2,987,200.40
912828YN4 US TREASURY FRN 0.42504 10/31/2021 US 10,050,000 $10,078,988.72
913017109 UNITED TECHNOLOGIES CORP US UTX 1,022 $96,405.26
91324P102 UNITEDHEALTH GROUP INC US UNH 8,990 $2,241,926.20
91704F104 URBAN EDGE PROPERTIES US UE 2,110 $18,589.10
918204108 VF CORP US VFC 766 $41,425.28
91911KAK8 BAUSCH HEALTH COS INC 7.00000 03/15/2024 CA 30,000 $30,562.20
91913Y100 VALERO ENERGY US VLO 745 $33,793.20
92276F100 VENTAS INC US VTR 507 $13,587.60
92339V100 VEREIT INC US VER 4,075 $19,926.75
92343VDU5 VERIZON COMMUNICATIONS 5.25000 03/16/2037 US 850,000 $1,079,602.28
92511U102 VERRA MOBILITY CORP US VRRM 193,885 $1,384,338.90
92532F100 VERTEX PHARMACEUTICALS INC US VRTX 5,790 $1,377,730.50
92826C839 VISA INC - CLASS A SHARES US V 27,205 $4,383,269.60
92840JAA7 VISTAJET MALTA/XO MGMT 10.50000 06/01/2024 MUL 30,000 $24,262.50
92840VAB8 VISTRA OPERATIONS CO LLC 5.62500 02/15/2027 US 35,000 $36,093.75
931142103 WAL MART STORES US WMT 2,021 $229,626.02
94106L109 WASTE MANAGEMENT INC US WM 677 $62,663.12
94856UAA9 WEEKLEY HOMES LLC/ FINAN 6.62500 08/15/2025 US 30,000 $27,000.00
949746101 WELLS FARGO COMPANY US WFC 4,533 $130,097.10
95040Q104 WELLTOWER INC. US WELL 1,117 $51,136.26
955306105 WEST PHARMACEUTICAL SERVICES US WST 7,350 $1,119,037.50
962178AN9 TRI POINTE GROUP / HOMES 5.87500 06/15/2024 US 20,000 $18,579.60
966387AH5 WHITING PETROLEUM CORP 5.75000 03/15/2021 US 30,000 $2,016.00
96949LAD7 WILLIAMS PARTNERS LP 3.75000 06/15/2027 US 520,000 $476,337.87
98311A105 WYNDHAM HOTELS & RESORTS INC US WH 745 $23,474.95
983793AD2 XPO LOGISTICS INC 6.50000 06/15/2022 US 30,000 $30,075.00
B02J639 ADMIRAL GROUP PLC GB ADM LN 16,470 $453,584.93
B1KFX13 GRUPO AEROPORTUARIO DEL CENT MX OMAB MM 21,800 $73,774.01
B1Y47Y7 GERRESHEIMER AG DE GXI GR 2,815 $177,509.53
B1Y9TB3 DANONE FR BN FP 4,546 $290,936.18
B3QJ0H8 TOURMALINE OIL CORP CA TOU CN 7,200 $44,203.79
B4YVF56 BRENNTAG AG DE BNR GR 52,200 $1,896,539.07
B63QM77 NEXON CO LTD JP 3659 JP 331,500 $5,416,989.10
B7KR2P8 EASY JET PLC GB EZJ LN 319,210 $2,211,979.91
BBQ3850 KEYWORDS STUDIOS PLC IE KWS LN 4,701 $83,215.21
BD3HF92 BSR REAL ESTATE INVESTMENT CA HOM/U CN 1,720 $15,050.00
BGHQ198 HIBERNIA REIT PLC IE HBRN ID 22,020 $25,402.75
BGJW376 MEITUAN DIANPING - CLASS B CN 3690 HK 6,100 $72,719.60
BJ2KSG2 AKZO NOBEL NL AKZA NA 2,346 $154,293.50
BMMV2K8 TENCENT HOLDINGS LTD CN 700 HK 97,934 $4,840,643.89
BMTRW10 B&M EUROPEAN VALUE RETAIL SA GB BME LN 47,170 $160,199.18
BNGN9Z1 FINECOBANK SPA IT FBK IM 162,590 $1,462,837.49
BP9DL90 INDUSTRIA DE DISENO TEXTIL ES ITX SM 83,865 $2,173,249.14
BVYVFW2 AUTO TRADER GROUP PLC GB AUTO LN 22,980 $124,178.91
BYYHL23 ANHEUSER-BUSCH INBEV SA/NV BE ABI BB 45,812 $2,023,512.10
BZ0VW78 BINGO INDUSTRIES LTD AU BIN AU 76,972 $90,294.13
BZ1HM42 ADYEN NV NL ADYEN NA 115 $97,737.95
G0772R208 BANK OF N.T. BUTTERFIELD&SON BM NTB 6,610 $112,568.30
G1151C101 ACCENTURE PLC - CL A IE ACN 13,706 $2,237,641.56
G29183103 EATON CORP PLC US ETN 722 $56,092.18
G51502105 JOHNSON CONTROLS INTERNATIONAL US JCI 1,585 $42,731.60
G5494J103 LINDE PLC GB LIN 476 $82,348.00
G5960L103 MEDTRONIC INC IE MDT 34,331 $3,095,969.58
G66721104 NORWEGIAN CRUISE LINE HOLDINGS US NCLH 26,370 $289,015.20
G8994E103 TRANE TECHNOLOGIES IE TT 360 $29,732.40
G97822103 PERRIGO CO PLC IE PRGO 4,540 $218,328.60
H01301128 ALCON INC CH ALC 33,909 $1,723,255.38
H1467J104 CHUBB LTD CH CB 590 $65,897.10
H2906T109 GARMIN LTD CH GRMN 310 $23,237.60
N53745100 LYONDELLBASELL INDU-CL A US LYB 717 $35,584.71
V7780T103 ROYAL CARIBBEAN CRUISES LTD US RCL 11,460 $368,668.20

Investments will change over time.

Distributions

  • Pro-Blend® Maximum Term Series Class S Distribution History
  • 2020 Distribution Calendar
  • Fourth Quarter 2019 Distributions
  • Third Quarter 2019 Distributions
  • Second Quarter 2019 Distributions
  • First Quarter 2020 Distributions
  • Tax Letter

A Word About Risk

All investments involve risks, including possible loss of principal. Because the fund invests in both stocks and bonds, the value of your investment will fluctuate in response to stock market movements and changes in interest rates. Investing in the fund will also involve a number of other risks, including issuer-specific risk, foreign investment risk, and small-cap/mid-cap risk. Investments in options and futures, like all derivatives, can be highly volatile and involve risks in addition to the risks of the underlying instrument on which the derivative is based, such as counterparty, correlation and liquidity risk. Also, the use of leverage increases exposure to the market and may magnify potential losses.


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