Mutual Funds
Pro-Blend® Maximum Term Series
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.
Daily Price
$25.52
Daily $ Change
$0.15
Daily % Change
0.59%
as of 02/09/2026
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
YTD
2.22%
1 Year
9.90%
3 Year
12.59%
5 Year
7.90%
10 Year
11.02%
Inception
(11/01/1995)
9.24%
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 | 1.10% |
*Includes a 12b-1 fee of 0.50%, of which up to 0.25% is available as a shareholder servicing fee. Reflects the Advisor’s contractual agreement to limit its fees and reimburse certain expenses. The contractual waiver may not be amended or terminated without the prior approval of the Fund's Board of Directors.
| NVIDIA CORP | 4.95% |
| AMAZON COM INC | 4.28% |
| MICROSOFT CORP | 4.16% |
| META PLATFORMS INC CL A | 3.67% |
| UNITED STATES TREAS NTS . 20321115 4.125% | 3.60% |
| TAIWAN SEMICONDUCTOR MFG LTD | 3.50% |
| MASTERCARD INCORPORATED CL A | 3.49% |
| ALPHABET INC CAP STK CL A | 3.32% |
| ROCHE HLDG LTD SPONSORED ADR | 2.86% |
| VISA INC | 2.70% |
This investment list is unaudited and excludes cash.
| Security Description | Country | Ticker | Shares/Par | Market Value (USD) |
|---|---|---|---|---|
| AERCAP IRELAND CAP DESIGNATED SR GLBL NT 20281029 3.000% | US | 410,000 | $397,736.90 | |
| AIR LIQUIDE | US | AIQUY | 184,294 | $6,925,584.23 |
| ALBEMARLE CORP | US | ALB | 38,032 | $6,489,400.16 |
| ALEXANDER FDG TR II SR SEC GLBL 20280731 7.467% | US | 370,000 | $393,935.30 | |
| ALPHABET INC CAP STK CL A | US | GOOGL | 43,006 | $14,536,028.00 |
| AMAZON COM INC | US | AMZN | 78,232 | $18,720,917.60 |
| AMPHENOL CORP NEW | US | APH | 26,642 | $3,838,579.36 |
| APOLLO GLOBAL MGMT INC SR GLBL NT 20350812 5.150% | US | 420,000 | $418,269.60 | |
| APPLIED MATLS INC | US | AMAT | 15,443 | $4,977,587.76 |
| ASML HOLDING N V N Y REGISTRY SHS | US | ASML | 3,643 | $5,183,989.00 |
| ASTRAZENECA PLC | US | AZN | 74,028 | $6,867,577.56 |
| ATLAS WHSE LENDING CO LP SR 144A NT 30 4.95 20301115 | US | 410,000 | $411,734.30 | |
| ATLASSIAN CORPORATION CL A | US | TEAM | 38,039 | $4,495,449.02 |
| BAE SYS PLC | US | BAESY | 61,245 | $6,636,079.49 |
| BANK AMERICA CORP FR . 20320422 2.687% | US | 660,000 | $605,635.80 | |
| BENTLEY SYS INC | US | BSY | 131,933 | $4,633,486.96 |
| BLACKROCK INC COM | US | BLK | 6,582 | $7,364,863.08 |
| CADENCE DESIGN SYSTEM INC | US | CDNS | 21,786 | $6,456,498.96 |
| CAMERON LNG LLC SR SEC GLBL 20350115 3.302% | US | 470,000 | $412,316.90 | |
| CAPITAL ONE FINL CORP SR GLBL NT 20340608 6.377% | US | 830,000 | $891,254.00 | |
| CBRE GROUP INC | US | CBRE | 42,828 | $7,294,893.24 |
| CENOVUS ENERGY INC SR NT . 20391115 6.750% | US | 560,000 | $614,292.00 | |
| CIM TR -INV A- FLT 20490225 4.000% | US | 168.67 | $162.19 | |
| CITIGROUP INC SR GLBL NT 20270609 1.462% | US | 600,000 | $594,618.00 | |
| CITIZENS FINL GROUP INC SUB GLBL NT 20360129 5.299% | US | 410,000 | $411,951.60 | |
| COMMONBOND ST LN TR -A-GS A- . 20470125 2.540% | US | 3,131.86 | $2,883.94 | |
| COMPANHIA DE SANEAMENTO BASI | US | SBS | 146,691 | $3,940,120.26 |
| CONSTELLATION SOFTWARE INC SR A NT 20340216 5.461% | US | 410,000 | $412,378.00 | |
| COOPER COS INC COM | US | COO | 83,423 | $6,788,963.74 |
| CORNELL UNIVERSITY GLBL - BD 20300615 4.169% | US | 820,000 | $822,173.00 | |
| CORPORACION NACIONAL DEL COBRE SR A NT 20370130 5.529% | US | 600,000 | $603,000.00 | |
| CSMC TRUST -IVR A- FLT 20430525 2.500% | US | 1,597.09 | $1,441.82 | |
| CSMC TRUST -IVR A- FLT 20440725 3.500% | US | 2,026.82 | $1,924.33 | |
| D R HORTON INC SR GLBL NT 20301015 4.850% | US | 390,000 | $398,966.10 | |
| DEPOSITORY TR n CLEARING CORP PERP SUB -D A 00000000 3.375% | US | 250,000 | $248,037.50 | |
| DEUTSCHE BOERSE ADR | US | DBOEY | 101,264 | $2,569,574.00 |
| DEUTSCHE POST AG | US | DHLGY | 67,830 | $3,818,489.85 |
| DISNEY WALT CO SR GLBL NT 20371115 6.650% | US | 315,000 | $358,054.20 | |
| DUKE ENERGY FLA LLC M GLBL BD. 20380615 6.400% | US | 790,000 | $878,638.00 | |
| EAGLE FDG LUXCO S A R L SR GLBL A 20300817 5.500% | US | 510,000 | $518,068.20 | |
| EAGLE MATLS INC SR GLBL NT 20360315 5.000% | US | 420,000 | $411,226.20 | |
| ELEVANCE HEALTH INC COM | US | ELV | 27,822 | $9,619,178.28 |
| ENERGY TRANSFER L P SR GLBL NT 20310115 4.550% | US | 390,000 | $389,613.90 | |
| ENERGY TRANSFER L P SR NT . 20420201 6.500% | US | 580,000 | $613,576.20 | |
| FHLMC MBS GOLD CASH . 20340501 4.500% | US | 1,348.28 | $1,361.71 | |
| FHLMC MBS GOLD CASH . 20340601 4.500% | US | 1,484.07 | $1,488.54 | |
| FHLMC MBS GOLD CASH . 20340701 4.500% | US | 1,698.09 | $1,703.18 | |
| FIRST AMERN FINL CORP | US | FAF | 57,650 | $3,642,327.00 |
| FNMA MEGA WGTD AVG MEGA . 20490101 5.622% | US | 5,971.07 | $6,123.39 | |
| FNMA SUPER LNG YEAR . 20381001 6.000% | US | 2,516.06 | $2,655.68 | |
| FNMA UMBS INT YEAR . 20340201 4.500% | US | 2,317.63 | $2,337.96 | |
| FNMA UMBS LNG YEAR . 20391201 4.500% | US | 1,682.83 | $1,691.40 | |
| GNMA REMIC TRUST - AH . 20561216 2.600% | US | 1,516.8 | $1,411.18 | |
| GOLDEN PEAR FUNDING HOLDCO LLC SR A NT 20280302 10.000% | US | 135,000 | $125,779.50 | |
| GSK PLC SPONSORED ADR | US | GSK | 69,795 | $3,601,422.00 |
| HALMA PLC | US | HALMY | 31,811 | $3,094,096.92 |
| HEICO CORP NEW | US | HEI A | 13,713 | $3,491,192.67 |
| HERMES INTL SCA | US | HESAY | 27,305 | $6,590,908.21 |
| HUNTINGTON BANCSHARES INC GLBL NT . 20300204 2.550% | US | 440,000 | $410,454.00 | |
| ICAHN ENTERPRISES LPCORP SR SEC GLBL 20291115 10.000% | US | 240,000 | $242,253.60 | |
| IIP OPER PARTNERSHIP L P SR GLBL NT. 20260525 5.500% | US | 230,000 | $227,306.70 | |
| INTERCONTINENTAL EXCHANGE INC COM | US | ICE | 17,897 | $3,110,140.66 |
| JEFFERIES FINANCIAL GROUP INC SR GLBL NT. 20340414 6.200% | US | 790,000 | $830,811.40 | |
| JP MORGAN MTG TR - -A- FLT 20290625 3.000% | US | 445.94 | $441.77 | |
| JP MORGAN MTG TR - A- FLT 20470525 3.500% | US | 4,246.94 | $3,890.01 | |
| JPMORGAN CHASE n CO SR GLBL NT 20310324 4.493% | US | 830,000 | $836,249.90 | |
| LAM RESEARCH CORP COM NEW | US | LRCX | 21,711 | $5,068,650.06 |
| MASTERCARD INCORPORATED CL A | US | MA | 28,380 | $15,290,860.20 |
| MED INC SR GLBL A 20291015 3.875% | US | 430,000 | $418,979.10 | |
| MERCADOLIBRE INC | US | MELI | 3,284 | $7,053,342.36 |
| META PLATFORMS INC CL A | US | META | 22,426 | $16,068,229.00 |
| MICROSOFT CORP | US | MSFT | 42,287 | $18,195,673.23 |
| MONOTARO CO LTD | US | MONOY | 238,937 | $3,239,507.85 |
| MOODYS CORP | US | MCO | 13,428 | $6,922,939.68 |
| MORGAN STANLEY PRIVATE BANK NA 4NC3 4.213 20300208 | US | 610,000 | $610,231.80 | |
| NASDAQ STOCK MARKET INC | US | NDAQ | 44,051 | $4,268,101.39 |
| NELNET ST LN TR - A FLT 20400326 4.512% | US | 4,977.97 | $4,970.74 | |
| NEW FORTRESS ENERGY INC LIEN GLBL 20290315 8.750% | US | 230,000 | $15,525.00 | |
| NEW RESI MTG LN TR - A- FLT 20550825 3.750% | US | 1,968.89 | $1,929.73 | |
| NEW RESI MTG LN TR - A- FLT 20561125 3.750% | US | 2,187.65 | $2,117.88 | |
| NEW RESI MTG LN TR - A-FXD FLT 20541125 3.750% | US | 1,513.96 | $1,466.46 | |
| NEWCASTLE COAL INFRASTRUCTURE SR SEC A NT 20270929 4.400% | US | 338,435.73 | $337,890.85 | |
| NU HLDGS LTD | US | NU | 577,962 | $10,258,825.50 |
| NVIDIA CORP | US | NVDA | 113,433 | $21,680,449.29 |
| OPEN INFRA US ASSETS AB (PUBL) 11.0 20270222 | US | 200,000 | $199,909.05 | |
| OXFORD FIN CR FD III -A LP A- . 20320114 6.675% | US | 49,908.9 | $50,730.59 | |
| PALOMINO FDG TR I SR SEC GLBL 20280517 7.233% | US | 640,000 | $676,761.60 | |
| PELORUS FUND REIT LLC CR SEN SR GLBL 20260930 7.000% | US | 245,000 | $245,014.70 | |
| PERSIMMON | US | PSMMY | 145,268 | $5,605,601.58 |
| PMT LOAN TRUST -J A- FLT 20430925 3.500% | US | 2,696.77 | $2,540.49 | |
| PNC FINL SVCS GROUP INC SR GLBL NT 20310513 4.899% | US | 600,000 | $612,768.00 | |
| ROCHE HLDG LTD SPONSORED ADR | US | RHHBY | 220,295 | $12,540,953.76 |
| ROLLINS INC | US | ROL | 69,996 | $4,433,546.64 |
| S AND P GLOBAL INC | US | SPGI | 10,627 | $5,608,824.33 |
| SAFEHOLD OPER PARTNERSHIP LP SR GLBL NT 20320115 2.850% | US | 330,000 | $297,940.50 | |
| SAFEHOLD OPER PARTNERSHIP LP SR GLBL NT. 20340401 6.100% | US | 417,000 | $443,287.68 | |
| SBA TOWER TR - - . 20521115 6.599% | US | 405,000 | $414,123.56 | |
| SEQUOIA MTG TR - A FLT 20430225 1.874% | US | 906.1 | $793.09 | |
| SEQUOIA MTG TR - A- FLT 20430525 3.000% | US | 2,649.57 | $2,434.72 | |
| SEQUOIA MTG TR - A- FLT 20430625 3.000% | US | 1,226.16 | $1,124.70 | |
| SERVICENOW INC | US | NOW | 40,825 | $4,776,933.25 |
| SHERWIN WILLIAMS CO | US | SHW | 11,308 | $4,010,269.12 |
| SIMON PPTY GROUP LP SR GLBL NT 20320201 2.650% | US | 51,000 | $46,000.47 | |
| SIRIUSPOINT LTD SR GLBL NT 20290405 7.000% | US | 380,000 | $402,564.40 | |
| SOCIEDAD QUIMICA MINERA DE C | US | SQM | 46,842 | $3,599,339.28 |
| STARWOOD RTL PPTY TR -STAR A FLT 20271115 6.744% | US | 13,769.64 | $8,261.78 | |
| SUTHERLAND COML MTG TF -SB A FLT 20410425 2.860% | US | 5,222.75 | $5,010.15 | |
| TAIWAN SEMICONDUCTOR MFG LTD | US | TSM | 46,423 | $15,345,586.88 |
| TENCENT HLDGS LTD ADR | US | TCEHY | 84,055 | $6,522,331.78 |
| TJX COS INC | US | TJX | 44,121 | $6,609,767.01 |
| TOWD PT MTG TR -HY A FLT 20481026 4.846% | US | 1,480.91 | $1,483.53 | |
| TRANSUNION | US | TRU | 81,841 | $6,467,075.82 |
| TRUIST FINL CORP FR . 20290607 1.887% | US | 640,000 | $609,126.40 | |
| UNITED AIRLS INC -B B . 20270901 4.600% | US | 20,801.81 | $20,794.01 | |
| UNITED PARCEL SERVICE INC | US | UPS | 108,049 | $11,476,964.78 |
| UNITED STATES TREAS BDS 20470515 3.000% | US | 7,611,000 | $5,697,518.49 | |
| UNITED STATES TREAS NTS . 20321115 4.125% | US | 15,639,000 | $15,743,468.52 | |
| UNITEDHEALTH GROUP INC | US | UNH | 15,022 | $4,310,262.46 |
| US BANCORP FR . 20290201 4.653% | US | 580,000 | $586,919.40 | |
| US DOLLARS | US | USD | 12,249,566.15 | $12,249,566.15 |
| VERTEX PHARMACEUTICALS INC | US | VRTX | 22,562 | $10,601,883.80 |
| VISA INC | US | V | 36,724 | $11,818,884.92 |
| WEST FRASER TIMBER LTD | US | WFG | 113,034 | $7,727,004.24 |
| WEYERHAEUSER CO | US | WY | 252,258 | $6,503,211.24 |
| WORKDAY INC | US | WDAY | 35,578 | $6,248,564.14 |
Investments will change over time.
Distributions
- 2026 Distribution Calendar
- 2026 Distributions
- 2025 Distributions
- 2024 Distributions
- 2023 Distributions
- 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
$25.52
Daily $ Change
$0.15
Daily % Change
0.59%
as of 02/09/2026
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
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.
YTD
2.22%
1 Year
9.90%
3 Year
12.59%
5 Year
7.90%
10 Year
11.02%
Inception
(11/01/1995)
9.24%
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 | 1.10% |
*Includes a 12b-1 fee of 0.50%, of which up to 0.25% is available as a shareholder servicing fee. Reflects the Advisor’s contractual agreement to limit its fees and reimburse certain expenses. The contractual waiver may not be amended or terminated without the prior approval of the Fund's Board of Directors.
| NVIDIA CORP | 4.95% |
| AMAZON COM INC | 4.28% |
| MICROSOFT CORP | 4.16% |
| META PLATFORMS INC CL A | 3.67% |
| UNITED STATES TREAS NTS . 20321115 4.125% | 3.60% |
| TAIWAN SEMICONDUCTOR MFG LTD | 3.50% |
| MASTERCARD INCORPORATED CL A | 3.49% |
| ALPHABET INC CAP STK CL A | 3.32% |
| ROCHE HLDG LTD SPONSORED ADR | 2.86% |
| VISA INC | 2.70% |
This investment list is unaudited and excludes cash.
| Security Description | Country | Ticker | Shares/Par | Market Value (USD) |
|---|---|---|---|---|
| AERCAP IRELAND CAP DESIGNATED SR GLBL NT 20281029 3.000% | US | 410,000 | $397,736.90 | |
| AIR LIQUIDE | US | AIQUY | 184,294 | $6,925,584.23 |
| ALBEMARLE CORP | US | ALB | 38,032 | $6,489,400.16 |
| ALEXANDER FDG TR II SR SEC GLBL 20280731 7.467% | US | 370,000 | $393,935.30 | |
| ALPHABET INC CAP STK CL A | US | GOOGL | 43,006 | $14,536,028.00 |
| AMAZON COM INC | US | AMZN | 78,232 | $18,720,917.60 |
| AMPHENOL CORP NEW | US | APH | 26,642 | $3,838,579.36 |
| APOLLO GLOBAL MGMT INC SR GLBL NT 20350812 5.150% | US | 420,000 | $418,269.60 | |
| APPLIED MATLS INC | US | AMAT | 15,443 | $4,977,587.76 |
| ASML HOLDING N V N Y REGISTRY SHS | US | ASML | 3,643 | $5,183,989.00 |
| ASTRAZENECA PLC | US | AZN | 74,028 | $6,867,577.56 |
| ATLAS WHSE LENDING CO LP SR 144A NT 30 4.95 20301115 | US | 410,000 | $411,734.30 | |
| ATLASSIAN CORPORATION CL A | US | TEAM | 38,039 | $4,495,449.02 |
| BAE SYS PLC | US | BAESY | 61,245 | $6,636,079.49 |
| BANK AMERICA CORP FR . 20320422 2.687% | US | 660,000 | $605,635.80 | |
| BENTLEY SYS INC | US | BSY | 131,933 | $4,633,486.96 |
| BLACKROCK INC COM | US | BLK | 6,582 | $7,364,863.08 |
| CADENCE DESIGN SYSTEM INC | US | CDNS | 21,786 | $6,456,498.96 |
| CAMERON LNG LLC SR SEC GLBL 20350115 3.302% | US | 470,000 | $412,316.90 | |
| CAPITAL ONE FINL CORP SR GLBL NT 20340608 6.377% | US | 830,000 | $891,254.00 | |
| CBRE GROUP INC | US | CBRE | 42,828 | $7,294,893.24 |
| CENOVUS ENERGY INC SR NT . 20391115 6.750% | US | 560,000 | $614,292.00 | |
| CIM TR -INV A- FLT 20490225 4.000% | US | 168.67 | $162.19 | |
| CITIGROUP INC SR GLBL NT 20270609 1.462% | US | 600,000 | $594,618.00 | |
| CITIZENS FINL GROUP INC SUB GLBL NT 20360129 5.299% | US | 410,000 | $411,951.60 | |
| COMMONBOND ST LN TR -A-GS A- . 20470125 2.540% | US | 3,131.86 | $2,883.94 | |
| COMPANHIA DE SANEAMENTO BASI | US | SBS | 146,691 | $3,940,120.26 |
| CONSTELLATION SOFTWARE INC SR A NT 20340216 5.461% | US | 410,000 | $412,378.00 | |
| COOPER COS INC COM | US | COO | 83,423 | $6,788,963.74 |
| CORNELL UNIVERSITY GLBL - BD 20300615 4.169% | US | 820,000 | $822,173.00 | |
| CORPORACION NACIONAL DEL COBRE SR A NT 20370130 5.529% | US | 600,000 | $603,000.00 | |
| CSMC TRUST -IVR A- FLT 20430525 2.500% | US | 1,597.09 | $1,441.82 | |
| CSMC TRUST -IVR A- FLT 20440725 3.500% | US | 2,026.82 | $1,924.33 | |
| D R HORTON INC SR GLBL NT 20301015 4.850% | US | 390,000 | $398,966.10 | |
| DEPOSITORY TR n CLEARING CORP PERP SUB -D A 00000000 3.375% | US | 250,000 | $248,037.50 | |
| DEUTSCHE BOERSE ADR | US | DBOEY | 101,264 | $2,569,574.00 |
| DEUTSCHE POST AG | US | DHLGY | 67,830 | $3,818,489.85 |
| DISNEY WALT CO SR GLBL NT 20371115 6.650% | US | 315,000 | $358,054.20 | |
| DUKE ENERGY FLA LLC M GLBL BD. 20380615 6.400% | US | 790,000 | $878,638.00 | |
| EAGLE FDG LUXCO S A R L SR GLBL A 20300817 5.500% | US | 510,000 | $518,068.20 | |
| EAGLE MATLS INC SR GLBL NT 20360315 5.000% | US | 420,000 | $411,226.20 | |
| ELEVANCE HEALTH INC COM | US | ELV | 27,822 | $9,619,178.28 |
| ENERGY TRANSFER L P SR GLBL NT 20310115 4.550% | US | 390,000 | $389,613.90 | |
| ENERGY TRANSFER L P SR NT . 20420201 6.500% | US | 580,000 | $613,576.20 | |
| FHLMC MBS GOLD CASH . 20340501 4.500% | US | 1,348.28 | $1,361.71 | |
| FHLMC MBS GOLD CASH . 20340601 4.500% | US | 1,484.07 | $1,488.54 | |
| FHLMC MBS GOLD CASH . 20340701 4.500% | US | 1,698.09 | $1,703.18 | |
| FIRST AMERN FINL CORP | US | FAF | 57,650 | $3,642,327.00 |
| FNMA MEGA WGTD AVG MEGA . 20490101 5.622% | US | 5,971.07 | $6,123.39 | |
| FNMA SUPER LNG YEAR . 20381001 6.000% | US | 2,516.06 | $2,655.68 | |
| FNMA UMBS INT YEAR . 20340201 4.500% | US | 2,317.63 | $2,337.96 | |
| FNMA UMBS LNG YEAR . 20391201 4.500% | US | 1,682.83 | $1,691.40 | |
| GNMA REMIC TRUST - AH . 20561216 2.600% | US | 1,516.8 | $1,411.18 | |
| GOLDEN PEAR FUNDING HOLDCO LLC SR A NT 20280302 10.000% | US | 135,000 | $125,779.50 | |
| GSK PLC SPONSORED ADR | US | GSK | 69,795 | $3,601,422.00 |
| HALMA PLC | US | HALMY | 31,811 | $3,094,096.92 |
| HEICO CORP NEW | US | HEI A | 13,713 | $3,491,192.67 |
| HERMES INTL SCA | US | HESAY | 27,305 | $6,590,908.21 |
| HUNTINGTON BANCSHARES INC GLBL NT . 20300204 2.550% | US | 440,000 | $410,454.00 | |
| ICAHN ENTERPRISES LPCORP SR SEC GLBL 20291115 10.000% | US | 240,000 | $242,253.60 | |
| IIP OPER PARTNERSHIP L P SR GLBL NT. 20260525 5.500% | US | 230,000 | $227,306.70 | |
| INTERCONTINENTAL EXCHANGE INC COM | US | ICE | 17,897 | $3,110,140.66 |
| JEFFERIES FINANCIAL GROUP INC SR GLBL NT. 20340414 6.200% | US | 790,000 | $830,811.40 | |
| JP MORGAN MTG TR - -A- FLT 20290625 3.000% | US | 445.94 | $441.77 | |
| JP MORGAN MTG TR - A- FLT 20470525 3.500% | US | 4,246.94 | $3,890.01 | |
| JPMORGAN CHASE n CO SR GLBL NT 20310324 4.493% | US | 830,000 | $836,249.90 | |
| LAM RESEARCH CORP COM NEW | US | LRCX | 21,711 | $5,068,650.06 |
| MASTERCARD INCORPORATED CL A | US | MA | 28,380 | $15,290,860.20 |
| MED INC SR GLBL A 20291015 3.875% | US | 430,000 | $418,979.10 | |
| MERCADOLIBRE INC | US | MELI | 3,284 | $7,053,342.36 |
| META PLATFORMS INC CL A | US | META | 22,426 | $16,068,229.00 |
| MICROSOFT CORP | US | MSFT | 42,287 | $18,195,673.23 |
| MONOTARO CO LTD | US | MONOY | 238,937 | $3,239,507.85 |
| MOODYS CORP | US | MCO | 13,428 | $6,922,939.68 |
| MORGAN STANLEY PRIVATE BANK NA 4NC3 4.213 20300208 | US | 610,000 | $610,231.80 | |
| NASDAQ STOCK MARKET INC | US | NDAQ | 44,051 | $4,268,101.39 |
| NELNET ST LN TR - A FLT 20400326 4.512% | US | 4,977.97 | $4,970.74 | |
| NEW FORTRESS ENERGY INC LIEN GLBL 20290315 8.750% | US | 230,000 | $15,525.00 | |
| NEW RESI MTG LN TR - A- FLT 20550825 3.750% | US | 1,968.89 | $1,929.73 | |
| NEW RESI MTG LN TR - A- FLT 20561125 3.750% | US | 2,187.65 | $2,117.88 | |
| NEW RESI MTG LN TR - A-FXD FLT 20541125 3.750% | US | 1,513.96 | $1,466.46 | |
| NEWCASTLE COAL INFRASTRUCTURE SR SEC A NT 20270929 4.400% | US | 338,435.73 | $337,890.85 | |
| NU HLDGS LTD | US | NU | 577,962 | $10,258,825.50 |
| NVIDIA CORP | US | NVDA | 113,433 | $21,680,449.29 |
| OPEN INFRA US ASSETS AB (PUBL) 11.0 20270222 | US | 200,000 | $199,909.05 | |
| OXFORD FIN CR FD III -A LP A- . 20320114 6.675% | US | 49,908.9 | $50,730.59 | |
| PALOMINO FDG TR I SR SEC GLBL 20280517 7.233% | US | 640,000 | $676,761.60 | |
| PELORUS FUND REIT LLC CR SEN SR GLBL 20260930 7.000% | US | 245,000 | $245,014.70 | |
| PERSIMMON | US | PSMMY | 145,268 | $5,605,601.58 |
| PMT LOAN TRUST -J A- FLT 20430925 3.500% | US | 2,696.77 | $2,540.49 | |
| PNC FINL SVCS GROUP INC SR GLBL NT 20310513 4.899% | US | 600,000 | $612,768.00 | |
| ROCHE HLDG LTD SPONSORED ADR | US | RHHBY | 220,295 | $12,540,953.76 |
| ROLLINS INC | US | ROL | 69,996 | $4,433,546.64 |
| S AND P GLOBAL INC | US | SPGI | 10,627 | $5,608,824.33 |
| SAFEHOLD OPER PARTNERSHIP LP SR GLBL NT 20320115 2.850% | US | 330,000 | $297,940.50 | |
| SAFEHOLD OPER PARTNERSHIP LP SR GLBL NT. 20340401 6.100% | US | 417,000 | $443,287.68 | |
| SBA TOWER TR - - . 20521115 6.599% | US | 405,000 | $414,123.56 | |
| SEQUOIA MTG TR - A FLT 20430225 1.874% | US | 906.1 | $793.09 | |
| SEQUOIA MTG TR - A- FLT 20430525 3.000% | US | 2,649.57 | $2,434.72 | |
| SEQUOIA MTG TR - A- FLT 20430625 3.000% | US | 1,226.16 | $1,124.70 | |
| SERVICENOW INC | US | NOW | 40,825 | $4,776,933.25 |
| SHERWIN WILLIAMS CO | US | SHW | 11,308 | $4,010,269.12 |
| SIMON PPTY GROUP LP SR GLBL NT 20320201 2.650% | US | 51,000 | $46,000.47 | |
| SIRIUSPOINT LTD SR GLBL NT 20290405 7.000% | US | 380,000 | $402,564.40 | |
| SOCIEDAD QUIMICA MINERA DE C | US | SQM | 46,842 | $3,599,339.28 |
| STARWOOD RTL PPTY TR -STAR A FLT 20271115 6.744% | US | 13,769.64 | $8,261.78 | |
| SUTHERLAND COML MTG TF -SB A FLT 20410425 2.860% | US | 5,222.75 | $5,010.15 | |
| TAIWAN SEMICONDUCTOR MFG LTD | US | TSM | 46,423 | $15,345,586.88 |
| TENCENT HLDGS LTD ADR | US | TCEHY | 84,055 | $6,522,331.78 |
| TJX COS INC | US | TJX | 44,121 | $6,609,767.01 |
| TOWD PT MTG TR -HY A FLT 20481026 4.846% | US | 1,480.91 | $1,483.53 | |
| TRANSUNION | US | TRU | 81,841 | $6,467,075.82 |
| TRUIST FINL CORP FR . 20290607 1.887% | US | 640,000 | $609,126.40 | |
| UNITED AIRLS INC -B B . 20270901 4.600% | US | 20,801.81 | $20,794.01 | |
| UNITED PARCEL SERVICE INC | US | UPS | 108,049 | $11,476,964.78 |
| UNITED STATES TREAS BDS 20470515 3.000% | US | 7,611,000 | $5,697,518.49 | |
| UNITED STATES TREAS NTS . 20321115 4.125% | US | 15,639,000 | $15,743,468.52 | |
| UNITEDHEALTH GROUP INC | US | UNH | 15,022 | $4,310,262.46 |
| US BANCORP FR . 20290201 4.653% | US | 580,000 | $586,919.40 | |
| US DOLLARS | US | USD | 12,249,566.15 | $12,249,566.15 |
| VERTEX PHARMACEUTICALS INC | US | VRTX | 22,562 | $10,601,883.80 |
| VISA INC | US | V | 36,724 | $11,818,884.92 |
| WEST FRASER TIMBER LTD | US | WFG | 113,034 | $7,727,004.24 |
| WEYERHAEUSER CO | US | WY | 252,258 | $6,503,211.24 |
| WORKDAY INC | US | WDAY | 35,578 | $6,248,564.14 |
Investments will change over time.
Distributions
- 2026 Distribution Calendar
- 2026 Distributions
- 2025 Distributions
- 2024 Distributions
- 2023 Distributions
- 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.