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

$29.15

Daily $ Change

-$0.04

Daily % Change

-0.14%

as of 08/04/2021

Ticker

MNHWX

CUSIP

56382R290

Inception Date

04/01/2019

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

Important Documents

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

Performance

As of 06/30/2021

YTD

13.60%

1 Year

37.31%

3 Year

17.66%

5 Year

16.05%

10 Year

11.15%

Inception
(11/01/1995)

10.04%

Inception performance is based on the Pro-Blend® Maximum Term Series Class S inception of 11/01/1995. For periods through 04/01/2019 (the inception date of the Class W shares), performance for the Class W shares is based on the historical performance of the Class S shares. Because the Class W shares invest in the same portfolio of securities as the Class S shares, performance will be different only to the extent that the Class S shares have a higher expense ratio. Performance data quoted represents past performance and does not guarantee future results. Performance for periods greater than one year is annualized. The investment return and principal value of an investment will fluctuate, so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than that quoted.

Expense Ratio

Gross 0.76%
Net 0.10%*

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

Top Ten Investments

As of 06/30/2021

TREASURY NOTES 4.62%
AMAZON.COM INC 2.86%
FACEBOOK INC -A 2.73%
MICROSOFT CORP 2.42%
ALPHABET INC-CL A 2.12%
SEA LTD - ADR 1.91%
MONDELEZ INTERNATIONAL INC 1.85%
MASTERCARD INC-CLASS A 1.80%
PAYPAL HOLDINGS INC 1.77%
JOHNSON & JOHNSON 1.74%

This investment list is unaudited and excludes cash.

Asset Allocation

As of 06/30/2021

Stocks 91.09%
Bonds 8.18%
Cash 0.73%

Detailed Asset Class Allocation

As of 06/30/2021

International Equities 23.42%
Small Capitalization 1.40%
Mid Capitalization 8.79%
Large Capitalization 57.48%
Long Term Fixed Income 1.07%
Intermediate Term Fixed Income 7.00%
Short Term Fixed Income 0.11%
Cash 0.73%

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

June Fund Holdings

As of 06/30/2021

CUSIP Security Description Country Ticker Shares/Par Market Value (USD)
00206RDQ2 AT&T INC 4.25000 03/01/2027 US 200,000 $226,992.43
00435F309 ACCOR SA-SPONSORED ADR FR ACCYY 321,745 $2,413,087.50
00507V109 ACTIVISION INC US ATVI 38,376 $3,662,605.44
00724F101 ADOBE INC US ADBE 4,871 $2,852,652.44
00842XAA7 AFFINITY GAMING 6.87500 12/15/2027 US 45,000 $47,756.25
008492100 AGREE REALTY CORP US ADC 1,803 $127,093.47
009126202 AIR LIQUIDE-ADR FR AIQUY 106,806 $3,753,162.84
00912XAV6 AIR LEASE CORP 3.62500 04/01/2027 US 230,000 $247,024.50
01166WAA5 ALASKA AIR 2020-1 CL B 8.00000 08/15/2025 US 99,448.63 $111,543.60
01609WAU6 ALIBABA GROUP HOLDING 4.00000 12/06/2037 KY 460,000 $516,559.00
01879NAA3 ALLIANCE RES OP/FINANCE 7.50000 05/01/2025 US 45,000 $43,931.25
020002101 ALLSTATE CORPORATION US ALL 776 $101,221.44
02079K107 ALPHABET INC-CL C US GOOG 700 $1,754,424.00
02079K305 ALPHABET INC-CL A US GOOGL 4,757 $11,615,595.03
023135106 AMAZON.COM INC US AMZN 4,556 $15,673,368.96
0237400 DIAGEO PLC GB DGE LN 105,779 $5,069,831.83
024835100 AMERICAN CAMPUS COMMUNITIES US ACC 2,477 $115,725.44
025816109 AMERICAN EXPRESS CO US AXP 24,595 $4,063,831.85
02665T306 AMERICAN HOMES 4 RENT- A US AMH 7,795 $302,835.75
03027X100 AMERICAN TOWER REIT INC US AMT 21,500 $5,808,010.00
03027XAW0 AMERICAN TOWER CORP 3.80000 08/15/2029 US 571,000 $636,810.18
03064D108 AMERICOLD REALTY TRUST US COLD 3,780 $143,073.00
032654105 ANALOG DEVICES INC US ADI 815 $140,310.40
03784Y200 APPLE HOSPITALITY REIT INC US APLE 7,339 $111,993.14
038923AS7 ARBOR REALTY TRUST INC 8.00000 04/30/2023 US 80,000 $84,556.53
039483102 ARCHER-DANIELS-MIDLAND CO US ADM 1,536 $93,081.60
045054AJ2 ASHTEAD CAPITAL INC 4.00000 05/01/2028 US 230,000 $243,259.50
053015103 AUTOMATIC DATA PROCESSING US ADP 849 $168,628.38
053332102 AUTOZONE INC US AZO 1,594 $2,378,598.68
053484101 AVALONBAY COMMUNITIES INC US AVB 1,052 $219,541.88
05401AAP6 AVALON HOLDINGS FNDG LTD 2.75000 02/21/2028 KY 1,100,000 $1,089,312.05
055622104 BP PLC-SPONS ADR GB BP 55,234 $1,459,282.28
05567SAA0 BNSF FUNDING TRUST I 6.61300 12/15/2055 US 210,000 $240,416.40
071734AM9 BAUSCH HEALTH COS INC 5.00000 02/15/2029 CA 85,000 $79,262.50
07403VAA7 BEASLEY MEZ HLDGS LLC 8.62500 02/01/2026 US 65,000 $65,650.00
084423102 WR BERKLEY CORP US WRB 53,177 $3,957,964.11
084670702 BERKSHIRE HATHAWAY INC-CL B US BRK/B 10,702 $2,974,299.84
086516101 BEST BUY INC US BBY 768 $88,304.64
09061G101 BIOMARIN PHARMACEUTICAL INC US BMRN 63,756 $5,319,800.64
09247X101 BLACKROCK INC US BLK 9,169 $8,022,599.93
09261XAA0 BLACKSTONE SECURED LEND 2.75000 09/16/2026 US 240,000 $243,351.12
0963318 DECHRA PHARMACEUTICALS PLC GB DPH LN 6,833 $413,056.28
099502106 BOOZ ALLEN HAMILTON HOLDINGS US BAH 536 $45,656.48
101137107 BOSTON SCIENTIFIC CORP US BSX 52,679 $2,252,554.04
10373QBR0 BP CAP MARKETS AMERICA 3.06000 06/17/2041 US 630,000 $636,652.80
105368203 BRANDYWINE REALTY TRUST US BDN 8,539 $117,069.69
110122108 BRISTOL MYERS SQUIBB CO US BMY 3,795 $253,581.90
11133T103 BROADRIDGE FINANCIAL SOLUTIONS US BR 378 $61,058.34
12345678 JONAH ENERGY PARENT LLC US 2,449 $36,735.00
12467AAF5 C&S GROUP ENTERPRISES LL 5.00000 12/15/2028 US 75,000 $74,343.75
12503M108 CBOE GLOBAL MARKETS INC US CBOE 23,659 $2,816,603.95
12514G108 CDW CORP/DE US CDW 13,269 $2,317,430.85
125269100 CF INDUSTRIES HOLDINGS INC US CF 821 $42,240.45
12541W209 C.H. ROBINSON WORLDWIDE INC US CHRW 482 $45,148.94
12555DAA3 CIM 2019-INV1 A1 4.00000 02/25/2049 US 1,469.5 $1,490.62
12572Q105 CME GROUP INC US CME 12,503 $2,659,138.04
12598FAA7 CPI CG INC 8.62500 03/15/2026 US 70,000 $74,375.00
12646XAH5 CSMC 2013-IVR3 A1 2.50000 05/25/2043 US 2,944.4 $2,976.77
12648TAA7 CSMC 2014-IVR3 A1 3.50000 07/25/2044 US 5,229.65 $5,340.42
127097103 CABOT OIL & GAS CORP US COG 290,994 $5,080,755.24
133131102 CAMDEN PROPERTY TRUST US CPT 1,233 $163,582.11
13321L108 CAMECO CORP CA CCJ 182,532 $3,500,963.76
134429109 CAMPBELL SOUP CO US CPB 1,047 $47,732.73
136375102 CANADIAN NATIONAL RAILWAY CO CA CNI 61,018 $6,438,619.36
14174T107 CARETRUST REIT INC US CTRE 3,198 $74,289.54
149123101 CATERPILLAR INC US CAT 969 $210,883.47
156700BA3 CENTURYLINK INC 7.50000 04/01/2024 US 45,000 $50,512.50
16119P108 CHARTER COMMUNICATIONS INC-A US CHTR 7,338 $5,294,000.10
172062101 CINCINNATI FINANCIAL CORP US CINF 526 $61,342.12
17275R102 CISCO SYSTEMS INC US CSCO 6,057 $321,021.00
172967424 CITIGROUP INC US C 3,264 $230,928.00
172967KA8 CITIGROUP INCA 4.45000 09/29/2027 US 375,000 $428,399.76
189054109 CLOROX COMPANY US CLX 372 $66,926.52
191216100 COCA COLA CO/THE US KO 164,687 $8,911,213.57
194162103 COLGATE-PALMOLIVE CO US CL 1,840 $149,684.00
20030N101 COMCAST CORP-CL A US CMCSA 6,412 $365,612.24
200340107 COMERICA INC US CMA 539 $38,452.26
20268CAA6 CBSLT 2019-AGS A1 MTGE 2.54000 01/25/2047 US 8,926.06 $9,148.52
20369C106 COMMUNITY HEALTHCARE TRUST I US CHCT 3,099 $147,078.54
205887102 CONAGRA BRAND INC. US CAG 1,625 $59,117.50
20825C104 CONOCOPHILLIPS US COP 63,459 $3,864,653.10
21036P108 CONSTELLATION BRANDS INC-A US STZ 10,512 $2,458,651.68
21240E105 CONTROLADORA VUELA CIA DE AV MX VLRS 17,431 $334,849.51
217204106 COPART INC US CPRT 18,745 $2,471,153.35
222795502 COUSINS PROPERTIES INC US CUZ 7,210 $265,183.80
225310AM3 CREDIT ACCEPTANC 6.62500 03/15/2026 US 75,000 $78,937.50
22534GAA1 CAALT 2020-1A 2.01000 02/15/2029 US 19,000 $19,327.15
22822V101 CROWN CASTLE INTL CORP US CCI 396 $77,259.60
22822VAN1 CROWN CASTLE INTL CORP 3.10000 11/15/2029 US 582,000 $617,915.69
231021106 CUMMINS INC US CMI 402 $98,011.62
253868103 DIGITAL REALTY TRUST INC US DLR 1,997 $300,468.62
254687106 WALT DISNEY CO/THE US DIS 13,947 $2,451,464.19
256677105 DOLLAR GENERAL CORP US DG 27,056 $5,854,647.84
256746108 DOLLAR TREE STORES INC US DLTR 65,023 $6,469,788.50
25960P109 DOUGLAS EMMETT INC US DEI 3,134 $105,365.08
264411505 DUKE RLTY INVTS INC US DRE 5,223 $247,309.05
267475AD3 DYCOM INDUSTRIES INC 4.50000 04/15/2029 US 80,000 $80,692.80
26875P101 EOG RESOURCES INC US EOG 30,493 $2,544,335.92
26884L109 EQT CORP US EQT 199,925 $4,450,330.50
2715777 QUEBECOR INC -CL B CA QBR/B CN 12,576 $335,400.58
27579R104 EAST WEST BANCORP INC US EWBC 53,900 $3,864,091.00
277432100 EASTMAN CHEM CO US EMN 467 $54,522.25
285512109 ELECTRONIC ARTS US EA 32,297 $4,645,277.51
291011104 EMERSON ELEC CO US EMR 1,402 $134,928.48
29273RAR0 ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 US 542,000 $703,999.79
29278MAC9 ENERGY VEB/ENVEN FIN 11.75000 04/15/2026 US 75,000 $78,216.00
29444U700 EQUINIX INC US EQIX 5,004 $4,016,210.40
29472R108 EQUITY LIFESTYLE PROPERTIES US ELS 3,333 $247,675.23
297178105 ESSEX PROPERTY TRUST INC US ESS 737 $221,107.37
30212P303 EXPEDIA INC US EXPE 46,102 $7,547,358.42
30212PBK0 EXPEDIA GROUP INC 4.62500 08/01/2027 US 220,000 $248,755.42
30225T102 EXTRA SPACE STORAGE INC US EXR 1,277 $209,198.14
30231G102 EXXON MOBIL CORP US XOM 32,975 $2,080,063.00
302491303 FMC CORP US FMC 29,676 $3,210,943.20
30264DAA7 FS ENERGY & POWER FUND 7.50000 08/15/2023 US 58,000 $59,885.00
30287EAE0 FREMF 2014-K41 B FLT 3.96396 11/25/2047 US 21,000 $22,836.46
30303M102 FACEBOOK INC -A US FB 43,149 $15,003,338.79
303250104 FAIR ISAAC CORP US FICO 7,224 $3,631,360.32
3128M6NC8 FHLM POOL G04587 5.50000 08/01/2038 US 4,623.65 $5,382.75
3128M6NS3 FHLM POOL G04601 5.50000 07/01/2038 US 5,445.88 $6,341.22
3128P75X7 FHLM POOL C91762 4.50000 05/01/2034 US 3,657.51 $3,968.86
3128P76G3 FHLM POOL C91771 4.50000 06/01/2034 US 3,352.59 $3,666.69
3128P76R9 FHLM POOL C91780 4.50000 07/01/2034 US 5,069.75 $5,544.56
3136AY6W8 FNA 2017-M15 A1 FLT 3.05795 09/25/2027 US 15,058.93 $16,121.01
3137AME78 FHMS K017 X1 FLT 1.43130 12/25/2021 US 226,862.95 $88.75
3138ETT89 FEDERAL NATL MTG ASSN AL8674 FLT 5.64600 01/01/2049 US 13,909.03 $15,874.68
31410GCD3 FEDERAL NATL MTG ASSN 888468 5.50000 09/01/2021 US .02 $0.02
31410GN33 FEDERAL NATL MTG ASSN 888810 5.50000 11/01/2022 US 4.51 $4.54
31417YJC2 FEDERAL NATL MTG ASSN MA0258 4.50000 12/01/2039 US 3,514.65 $3,908.55
31418BBC9 FEDERAL NATL MTG ASSN MA1834 4.50000 02/01/2034 US 5,241.76 $5,720.04
31418MGR7 FEDERAL NATL MTG ASSN AD0207 6.00000 10/01/2038 US 5,328.28 $6,328.70
31418MKV3 FEDERAL NATL MTG ASSN AD0307 5.50000 01/01/2039 US 3,344.06 $3,894.57
31620R303 FNF GROUP US FNF 1,078 $46,849.88
316773100 FIFTH THIRD BANCORP US FITB 1,984 $75,848.32
32054K103 FIRST INDUSTRIAL REALTY TR US FR 1,837 $95,946.51
34461LAA2 FONTAINEBLEAU MIAMI BEACH TRUST 3.14400 12/10/2036 US 18,000 $18,944.48
345370CW8 FORD MOTOR COMPANY 9.00000 04/22/2025 US 85,000 $104,793.95
346232AF8 FORESTAR GROUP INC 3.85000 05/15/2026 US 55,000 $55,497.75
34960PAC5 FORTRESS TRANS & INFRAST 9.75000 08/01/2027 US 44,000 $50,875.00
36257MAA3 GSMS 2019-70P A 1.07300 10/15/2036 US 19,000 $18,999.83
369550108 GENERAL DYNAMICS CORP US GD 657 $123,686.82
369604BQ5 GENERAL ELECTRIC CO 3.44888 01/21/2099 US 405,000 $398,317.50
370334104 GENERAL MLS INC US GIS 1,613 $98,280.09
372460105 GENUINE PARTS CO US GPC 479 $60,579.13
37255LAA5 GENWORTH MORTGAGE HLDING 6.50000 08/15/2025 US 75,000 $82,665.00
374297109 GETTY REALTY CORP US GTY 3,776 $117,622.40
375558103 GILEAD SCIENCES INC US GILD 2,512 $172,976.32
382550BL4 GOODYEAR TIRE & RUBBER 5.00000 07/15/2029 US 80,000 $83,760.00
38379RRX3 GNR 2017-54 AH MTGE 2.60000 12/16/2056 US 14,617.39 $15,107.34
384802104 WW GRAINGER INC US GWW 164 $71,832.00
388689101 GRAPHIC PACKAGING HOLDING CO US GPK 206,645 $3,748,540.30
400501102 GRUPO AEROPORTUARIO CEN-ADR MX OMAB 24,765 $1,292,980.65
400506101 GRUPO AEROPORTUARIO PAC-ADR MX PAC 11,672 $1,247,620.08
40051E202 GRUPO AEROPORTUARIO DEL SURESTE MX ASR 7,911 $1,462,743.90
4012250 AIRBUS SE FR AIR FP 1,319 $169,956.90
4031976 ADIDAS AG DE ADS GR 7,070 $2,638,226.19
404119BX6 HCA INC 4.12500 06/15/2029 US 295,000 $332,492.15
416515104 HARTFORD FINL SVCS US HIG 1,062 $65,812.14
418751AE3 HAT HOLDINGS I LLC/HAT 3.37500 06/15/2026 US 80,000 $80,600.00
42225P501 HEALTHCARE TRUST OF AMERICA US HTA 4,307 $114,996.90
42250P103 HEALTHPEAK PROPERTIES INC US PEAK 4,639 $154,432.31
423012301 HEINEKEN NV-SPN ADR NL HEINY 68,760 $4,177,087.49
427866108 HERSHEY CO/THE US HSY 559 $97,366.62
42805E306 HESKA CORP US HSKA 9,939 $2,283,286.47
43300A203 HILTON WORLDWIDE HOLDINGS INC US HLT 876 $105,663.12
437076102 HOME DEPOT INC US HD 1,338 $426,674.82
438516106 HONEYWELL INTERNATIONAL INC US HON 1,111 $243,697.85
44267DAE7 HOWARD HUGHES CORP 4.12500 02/01/2029 US 55,000 $54,990.65
443510607 HUBBELL INC US HUBB 207 $38,675.88
446150104 HUNTINGTON BANCSHARES US HBAN 3,306 $47,176.62
448579102 HYATT HOTEL US H 46,677 $3,624,002.28
44988FAC4 IIP OPERATING PARTNER 5.50000 05/25/2026 US 80,000 $82,350.97
450913AF5 IAMGOLD CORP 5.75000 10/15/2028 CA 80,000 $83,228.00
451102BX4 ICAHN ENTERPRISES/FIN 5.25000 05/15/2027 US 55,000 $56,787.50
45168D104 IDEXX LABORATORIES INC US IDXX 7,400 $4,673,470.00
4519579 KERRY GROUP PLC-A IE KYG ID 1,683 $235,301.16
452308109 ILLINOIS TOOL WKS INC US ITW 663 $148,220.28
45682RAA8 INFRABUILD AUSTRALIA PTY 12.00000 10/01/2024 AU 71,000 $74,993.75
45778Q107 INSPERITY INC US NSP 46,921 $4,240,250.77
45781V101 INNOVATIVE INDUSTRIAL PROPER US IIPR 227 $43,361.54
458140100 INTEL CORP US INTC 5,579 $313,205.06
45866F104 INTERCONTINENTALEXCHANGE INC US ICE 41,673 $4,946,585.10
459200101 INTERNATIONAL BUSINESS MACH CORP US IBM 1,566 $229,559.94
459506101 INTERNATIONAL FLVRS & FRAGRANCES US IFF 648 $96,811.20
46116VAE5 INTL FC STORE INC 8.62500 06/15/2025 US 70,000 $74,812.50
46120E602 INTUITIVE SURGICAL INC US ISRG 2,549 $2,344,162.36
46187BAA1 IHSFR 2017-SFR2 A 0.93200 12/17/2036 US 6,246.82 $6,252.30
46187BAB9 IHSFR 2017-SFR2 B 1.23200 12/17/2036 US 4,999.16 $5,005.69
46187W107 INVITATION HOMES INC US INVH 11,467 $427,604.43
464288620 ISHARES BROAD USD INVESTMENT 1.54300 US 29,510 $1,788,010.90
46625H100 JP MORGAN CHASE & CO US JPM 2,625 $408,292.50
46640BAC8 JPMMT 2013-2 A2 3.50000 05/25/2043 US 1,416 $1,439.07
46641YAA1 JPMMT 2014-2 1A1 3.00000 06/25/2029 US 4,321.31 $4,418.54
46647PBP0 JPMORGAN CHASE & CO 2.95600 05/13/2031 US 550,000 $578,369.90
46648HAC7 JPMMT 2017-2 A3 3.50000 05/25/2047 US 10,184.61 $10,362.70
478160104 JOHNSON & JOHNSON US JNJ 57,887 $9,536,304.38
48088LAB3 JOSEPH T RYERSON & SON 8.50000 08/01/2028 US 67,000 $74,370.00
49427F108 KILROY REALTY CORP US KRC 2,438 $169,782.32
494368103 KIMBERLY CLARK CORP US KMB 796 $106,488.88
494550AW6 KINDER MORGAN ENER PART 6.95000 01/15/2038 US 414,000 $592,138.77
500754106 KRAFT HEINZ CO/THE US KHC 2,876 $117,283.28
501044101 KROGER CO US KR 2,163 $82,864.53
502431109 L3HARRIS TECHNOLOGIES INC US LHX 513 $110,884.95
5107401 BEIERSDORF AG DE BEI GR 2,625 $316,853.21
512816109 LAMAR ADVERTISING CO-A US LAMR 742 $77,479.64
53223X107 LIFE STORAGE INC US LSI 1,554 $166,821.90
539473AE8 LLOYDS BANK PLC 12.00000 12/16/2024 GB 100,000 $108,610.00
539830109 LOCKHEED MARTIN CORP US LMT 521 $197,120.35
550021109 LULULEMON - ADR CA LULU 24,464 $8,928,626.08
552848AG8 MGIC INVESTMENT CORP 5.25000 08/15/2028 US 76,000 $80,560.00
573284106 MARTIN MARIETTA MATERIALS US MLM 7,882 $2,772,966.42
57636Q104 MASTERCARD INC-CLASS A US MA 27,001 $9,857,795.09
5852842 ACCOR SA FR AC FP 5,548 $207,515.31
58933Y105 MERCK & CO INC US MRK 4,022 $312,790.94
59022CAJ2 MERRILL LYNCH 6.11000 01/29/2037 US 290,000 $397,325.14
594918104 MICROSOFT CORP US MSFT 49,067 $13,292,250.30
595112103 MICRON TECHNOLOGY INC US MU 89,702 $7,622,875.96
59522J103 MID-AMERICA APARTMENT COMM US MAA 2,166 $364,797.72
609207105 MONDELEZ INTERNATIONAL INC US MDLZ 162,414 $10,141,130.16
615369105 MOODY'S CORPORATION US MCO 21,787 $7,894,955.19
61965RAA3 MOSS CREEK RESOURCES HLD 7.50000 01/15/2026 US 76,000 $70,680.00
620076307 MOTOROLA SOLUTIONS INC US MSI 440 $95,414.00
62913TAJ1 NGL ENRGY PART LP/FIN CO 7.50000 11/01/2023 US 85,000 $83,725.00
6321954 TRAVELSKY TECHNOLOGY LTD-H CN 696 HK 201,000 $433,071.42
63938CAH1 NAVIENT CORP 6.75000 06/25/2025 US 90,000 $99,562.50
63938EAC8 NAVSL 2014-1 A3 FLT 0.60150 06/25/2031 US 14,385.78 $14,315.15
63938NAF1 NAVIOS SA LOGIST/FIN US 10.75000 07/01/2025 MUL 45,000 $49,725.00
64032XAA3 NSLT 2012-3A A MTGE FLT 0.79150 02/25/2045 US 14,988.85 $14,919.75
64033GAA9 NSLT 2013-5A A MTGE FLT 0.72150 01/25/2037 US 14,950.94 $14,996.93
64033QAB5 NSLT 2015-2A A2 0.69150 09/25/2047 US 30,378.85 $30,451.93
64110D104 NETAPP INC US NTAP 738 $60,383.16
644393AA8 NEW FORTRESS ENERGY INC 6.75000 09/15/2025 US 75,000 $76,968.75
64829DAG1 NRZT 2014-3A AFX3 3.75000 11/25/2054 US 3,468.95 $3,697.40
64829EAA2 NRZT 2015-2A A1 3.75000 08/25/2055 US 4,924.29 $5,221.55
64829LAA6 NRZT 2016-4A A1 3.75000 11/25/2056 US 5,481.76 $5,821.88
6490995 KEYENCE CORP JP 6861 JP 500 $251,811.71
64971XPG7 NEW YORK CITY NY TRANSITIONALFIN 1.58000 05/01/2024 US 125,000 $128,040.00
65106WAA3 NEWCASTLE COAL INFRASTRU 4.40000 09/29/2027 AU 250,000 $260,041.85
651639106 NEWMONT GOLDCORP CORP US NEM 1,889 $119,724.82
65341D102 NEXPOINT RESIDENTIAL US NXRT 1,358 $74,662.84
654106103 NIKE INC CLASS B US NKE 37,836 $5,845,283.64
655844108 NORFOLK SOUTHN CORP US NSC 13,960 $3,705,123.60
6642321 NIKON CORP JP 7731 JP 246,100 $2,625,268.92
666807102 NORTHROP GRUMMAN CORP US NOC 380 $138,103.40
66727WAA0 NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 CA 220,000 $22.00
66981QAA4 BRUNDAGE-BONE CONCRETE 6.00000 02/01/2026 US 70,000 $73,689.00
66987V109 NOVARTIS AG- REG CH NVS 47,495 $4,333,443.80
670346105 NUCOR CORP US NUE 986 $94,586.98
67066G104 NVIDIA CORP US NVDA 6,828 $5,463,082.80
67421QAA0 OASIS MIDSTREAM PARTNERS 8.00000 04/01/2029 US 75,000 $79,728.75
6742340 SHANDONG WEIGAO CN 1066 HK 200,000 $466,518.63
681919106 OMNICOM GROUP US OMC 708 $56,632.92
6821506 SONY CORP FIRST SECTION JP 6758 JP 7,100 $688,467.57
68389X105 ORACLE CORP US ORCL 4,195 $326,538.80
68622V106 ORGANNON & CO US OGN 365 $11,044.90
691205AE8 OWL ROCK TECHNOLOGY 3.75000 06/17/2026 US 240,000 $252,468.87
69144AAA7 OXFIN 2020-1A A2 3.10100 02/15/2028 US 16,000 $16,467.71
69145AAB4 OXFIN 2019-1A A2 4.45900 02/15/2027 US 23,477.97 $24,215.04
693456AW5 PMTLT 2013-J1 a9 3.50000 09/25/2043 US 5,274.59 $5,374.65
69354NAC0 PRA GROUP INC 7.37500 09/01/2025 US 71,000 $76,591.25
695156109 PACKAGING CORP OF AMERICA US PKG 345 $46,719.90
7021963 DEUTSCHE BOERSE AG DE DB1 GR 23,745 $4,144,600.88
70450Y103 PAYPAL HOLDINGS INC US PYPL 33,389 $9,732,225.72
7123870 NESTLE SA-REGISTERED CH NESN SW 67,470 $8,409,938.58
713448108 PEPSICO INC US PEP 22,994 $3,407,020.98
723787107 PIONEER NATURAL RESOURCES CO US PXD 15,413 $2,504,920.76
74166MAC0 PRIME SECSRVC BRW/FINANC 5.75000 04/15/2026 US 90,000 $99,420.30
742718109 PROCTER & GAMBLE CO US PG 3,029 $408,702.97
74333NAA0 PROGRESS RESIDENTIAL TRUST 3.14700 05/17/2036 US 16,869.18 $17,175.28
74340W103 PROLOGIS US PLD 7,979 $953,729.87
74460D109 PUBLIC STORAGE INC US PSA 1,431 $430,287.39
747525103 QUALCOMM INC US QCOM 1,814 $259,275.02
74834L100 QUEST DIAGNOSTICS INC US DGX 452 $59,650.44
749685103 RPM INTERNATIONAL INC US RPM 480 $42,566.40
750236AW1 RADIAN GROUP INC 4.87500 03/15/2027 US 50,000 $54,375.00
750481103 RADIUS GLOBAL INFRASTRUCTURE US RADI 6,325 $91,712.50
756109104 REALTY INCOME CORP US O 966 $64,470.84
7591EP100 REGIONS FINANCIAL CORP. US RF 2,930 $59,127.40
759509102 RELIANCE STEEL & ALUMINUM US RS 254 $38,328.60
760759100 REPUBLIC SERVICES INC US RSG 856 $94,168.56
76131D103 RESTAURANT BRANDS INTERN CA QSR 3,520 $226,828.80
76169C100 REXFORD INDUSTRIAL REALITY IN US REXR 3,861 $219,883.95
7698356 GETINGE AB-B SHS SE GETIB SS 15,318 $577,834.58
7792559 HEINEKEN NV NL HEIA NA 3,235 $392,727.23
780259107 ROYAL DUTCH SHELL PLC-ADR B NL RDS/B 34,189 $1,327,558.87
783513203 RYANAIR HOLDINGS - ADR IE RYAAY 43,191 $4,673,698.11
78409V104 S&P GLOBAL INC US SPGI 11,366 $4,665,174.70
78410G104 SBA COMMUNICATIONS CORP US SBAC 28,805 $9,180,153.50
78442PGC4 SLM CORP 5.12500 04/05/2022 US 109,000 $111,043.75
78449UAB4 SMB 2020-A A2A MTGE 2.23000 09/15/2037 US 22,000 $22,621.03
785592AV8 SABINE PASS LIQUEFACTION 5.87500 06/30/2026 US 550,000 $651,318.26
79466L302 SALESFORCE.COM US CRM 21,696 $5,299,681.92
806857108 SCHLUMBERGER LTD NL SLB 7,219 $231,080.19
81141R100 SEA LTD - ADR SG SE 38,260 $10,506,196.00
81181C104 SEAGEN INC US SGEN 32,796 $5,177,832.48
81745BAB1 SEMT 2013-6 A2 3.00000 05/25/2043 US 6,101.38 $6,170.13
81745EAA7 SEMT 2013-8 A1 3.00000 06/25/2043 US 2,456.31 $2,485.83
81745MAA9 SEMT 2013-2 1.87400 02/25/2043 US 2,306.61 $2,321.77
81748MAD0 SEMT 2020-1 A4 3.50000 02/25/2050 US 3,874.18 $3,887.77
81762P102 SERVICENOW INC US NOW 16,617 $9,131,872.35
82967NBJ6 SIRIUS XM RADIO INC 4.00000 07/15/2028 US 55,000 $56,708.30
831865209 SMITH (A.O.) CORP US AOS 600 $43,236.00
832696405 JM SMUCKER CO/THE-NEW COM WI US SJM 403 $52,216.71
833034101 SNAP-ON INC US SNA 197 $44,015.71
83404RAB4 SOFI 2018-B A2FX MTGE 3.34000 08/25/2047 US 11,310.62 $11,595.86
83405TAA1 SCLP 2019-3 A MTGE 2.90000 05/25/2028 US 1,867.24 $1,876.98
83406CAA7 SCLP 2019-2 A MTGE 3.01000 04/25/2028 US 851.78 $854.08
83406TAB8 SOFI 2020-A A2FX MTGE 2.54000 05/15/2046 US 14,000 $14,464.54
83419MAA0 SOLARIS MIDSTREAM HOLDIN 7.62500 04/01/2026 US 75,000 $79,500.00
835699307 SONY CORP SPONSORED ADR JP SONY 47,915 $4,658,296.30
844741BJ6 SOUTHWEST AIRLINES CO 5.25000 05/04/2025 US 16,000 $18,261.66
85571BAL9 STARWOOD PROPERTY TRUST 4.75000 03/15/2025 US 80,000 $83,200.00
85571XAA5 SRPT 2014-STAR A FLTG RATE 1.54290 11/15/2027 US 15,954.15 $11,925.73
858119100 STEEL DYNAMICS INC US STLD 798 $47,560.80
861036AA9 STL HOLDING CO LLC 7.50000 02/15/2026 US 90,000 $94,725.00
86184WAA4 STONEMOR INC 8.50000 05/15/2029 US 80,000 $80,900.00
866674104 SUN COMMUNITIES US SUI 2,208 $378,451.20
86935CAA0 SCML 2019-SBC8 2.86000 04/25/2041 US 11,911.79 $11,960.94
87105L104 SWITCH INC - A US SWCH 14,909 $314,728.99
87157B301 SYNCHRONOSS TECH 8.37500 06/30/2026 US 2,215 $55,375.00
87356LAA8 TACORA RESOURCES INC 8.25000 05/15/2026 CA 100,000 $103,500.00
874039100 TAIWAN SEMICONDUCTOR - SP ADR TW TSM 1,686 $202,589.76
87485LAC8 TALOS PRODUCTION 12.00000 01/15/2026 US 75,000 $79,500.00
88032WAN6 TENCENT HOLDINGS 3.97500 04/11/2029 KY 840,000 $937,112.40
88146M101 TERRENO REALTY CORP US TRNO 2,245 $144,847.40
883556102 THERMO FISHER SCIENTIFIC INC US TMO 7,605 $3,836,494.35
88579Y101 3M CO US MMM 1,045 $207,568.35
88830MAL6 TITAN INTERNATIONAL INC 7.00000 04/30/2028 US 75,000 $78,468.75
89151E109 TOTALENERGIES SE SPON ADR FR TTE 26,454 $1,197,308.04
89173CAA5 TPMT 2016-5 A1 2.50000 10/25/2056 US 7,123.25 $7,237.62
89173FAA8 TPMT 2017-1 A1 2.75000 10/25/2056 US 6,824 $6,928.43
89177EAA7 TPMT 2019-HY1 A1 1.09150 10/25/2048 US 7,441.7 $7,494.65
89417E109 TRAVELLERS COS INC US TRV 630 $94,317.30
89613FAA6 TAH 2017-SFR2 A 2.92800 01/17/2036 US 12,832.6 $13,118.08
89613GAA4 TAH 2020-SFR1 A 1.49900 07/17/2038 US 25,976.45 $25,958.99
902494103 TYSON FOODS INC -CL A US TSN 1,040 $76,710.40
902653104 UDR INC US UDR 4,134 $202,483.32
902973304 U.S. BANCORP US USB 2,857 $162,763.29
904767704 UNILEVER PLC - ADR GB UL 102,743 $6,010,465.50
907818108 UNION PAC CORP US UNP 1,091 $239,943.63
90932KAA7 UNITED AIR 2019-2 B PTT 3.50000 05/01/2028 US 53,747.19 $53,226.98
90932NAA1 UNITED AIR 2018-1 B PTT 4.60000 03/01/2026 US 46,547.88 $48,065.07
912810RX8 US TREASURY N/B 3.00000 05/15/2047 US 1,185,000 $1,409,687.12
912828X88 US TREASURY N/B 2.37500 05/15/2027 US 23,545,000 $25,359,620.45
91324P102 UNITEDHEALTH GROUP INC US UNH 12,429 $4,977,068.76
92276F100 VENTAS INC US VTR 1,718 $98,097.80
92343V104 VERIZON COMMUNICATIONS US VZ 5,721 $320,547.63
92343VCV4 VERIZON COMMUNICATIONS 4.27200 01/15/2036 US 550,000 $656,954.96
92532F100 VERTEX PHARMACEUTICALS INC US VRTX 38,948 $7,853,085.24
92826C839 VISA INC - CLASS A SHARES US V 32,485 $7,595,642.70
92840VAH5 VISTRA OPERATIONS CO LLC 4.37500 05/01/2029 US 80,000 $80,400.00
929160109 VULCAN MATERIALS CO US VMC 13,701 $2,384,933.07
929740108 WABTEC CORP US WAB 43,221 $3,557,088.30
93065PAA9 WBHT 2019-WBM A FLT 1.12300 12/15/2033 US 15,000 $15,008.77
931142103 WAL MART STORES US WMT 2,982 $420,521.64
93114W107 WALMART DE MEXICO MX WMMVY 161,581 $5,290,161.94
94106L109 WASTE MANAGEMENT INC US WM 970 $135,906.70
95040Q104 WELLTOWER INC. US WELL 1,730 $143,763.00
963320106 WHIRLPOOL CORP US WHR 220 $47,964.40
969457BY5 WILLIAMS COMPANIES INC 2.60000 03/15/2031 US 500,000 $506,908.59
969904101 WILLIAMS - SONOMA INC US WSM 263 $41,987.95
98978V103 ZOETIS INC US ZTS 9,920 $1,848,691.20
B02J639 ADMIRAL GROUP PLC GB ADM LN 15,097 $656,903.26
B1KFX13 GRUPO AEROPORTUARIO DEL CENT MX OMAB MM 19,400 $127,081.97
B1L3CS6 UBISOFT ENTERTAINMENT FR UBI FP 3,333 $232,869.08
B1Y9TB3 DANONE FR BN FP 6,441 $453,156.23
B1YXBJ7 AIR LIQUIDE FR AI FP 3,322 $582,512.83
B3QJ0H8 TOURMALINE OIL CORP CA TOU CN 13,995 $400,002.30
B4YVF56 BRENNTAG AG DE BNR GR 31,064 $2,891,201.81
BBQ3850 KEYWORDS STUDIOS PLC IE KWS LN 4,621 $159,166.51
BFZZM64 S4 CAPITAL PLC GB SFOR LN 55,195 $479,485.81
BGHQ198 HIBERNIA REIT PLC IE HBRN ID 48,250 $70,943.42
BJ2KSG2 AKZO NOBEL NL AKZA NA 1,441 $178,425.89
BK0939417 AMERICAN TANKER INC 7.75000 07/02/2025 US 85,000 $87,210.00
BKWD4B5 SOFTWAREONE HOLDING AG CH SWON SW 14,631 $346,139.05
BMMV2K8 TENCENT HOLDINGS LTD CN 700 HK 91,934 $6,921,941.62
BMXKJ81 FLAGSHIP COMMUNITIES REIT UT US MHC/U CN 6,430 $113,811.00
BN7860420 PETROTAL CORP 12.00000 02/16/2024 CA 65,000 $66,950.00
BNGN9Z1 FINECOBANK SPA IT FBK IM 47,010 $820,386.70
BVYVFW2 AUTO TRADER GROUP PLC GB AUTO LN 27,520 $241,020.32
BW1YVH8 WALMART DE MEXICO SAB DE CV MX WALMEX MM 75,821 $247,652.52
BYPC1T4 ASSA ABLOY AB-B SE ASSAB SS 5,518 $166,356.23
BYT1DJ1 INTERMEDIATE CAPITAL GROUP GB ICP LN 13,169 $387,341.93
BYYHL23 ANHEUSER-BUSCH INBEV SA/NV BE ABI BB 37,287 $2,687,975.66
BZ1HM42 ADYEN NV NL ADYEN NA 107 $262,399.43
G0772R208 BANK OF N.T. BUTTERFIELD&SON BM NTB 6,214 $220,286.30
G16962105 BUNGE LIMITED US BG 538 $42,044.70
G29183103 EATON CORP PLC US ETN 917 $135,881.06
G3223R108 EVEREST RE GROUP LTD BM RE 155 $39,061.55
G51502105 JOHNSON CONTROLS INTERNATIONAL US JCI 2,005 $137,603.15
G5494J103 LINDE PLC GB LIN 868 $250,938.80
G5960L103 MEDTRONIC INC IE MDT 46,158 $5,729,592.54
G85158106 STONECO LTD-A BR STNE 5,162 $346,163.72
G97822103 PERRIGO CO PLC IE PRGO 6,475 $296,878.75
H01301128 ALCON INC CH ALC 43,154 $3,032,000.04
H1467J104 CHUBB LTD CH CB 925 $147,019.50
H2906T109 GARMIN LTD CH GRMN 559 $80,853.76
USD US DOLLAR US 4,043,960.73 $4,043,960.73
ZO1818103 NAVIGATOR HOLDINGS LTD 8.00000 09/10/2025 MH 150,000 $156,750.00
ZO4110185 BROOGE PETROLEUM AND GAS 8.50000 09/24/2025 AE 200,000 $194,500.00

Investments will change over time.

Distributions

  • Pro-Blend® Maximum Term Series Class W Distribution History
  • 2021 Distribution Calendar
  • Fourth Quarter 2020 Distributions
  • Third Quarter 2020 Distributions
  • Second Quarter 2021 Distributions
  • First Quarter 2021 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

$29.15

Daily $ Change

-$0.04

Daily % Change

-0.14%

as of 08/04/2021

Ticker

MNHWX

CUSIP

56382R290

Inception Date

04/01/2019

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

Important Documents

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

Investment Objective

To provide long-term capital growth.

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 06/30/2021

YTD

13.60%

1 Year

37.31%

3 Year

17.66%

5 Year

16.05%

10 Year

11.15%

Inception
(11/01/1995)

10.04%

Inception performance is based on the Pro-Blend® Maximum Term Series Class S inception of 11/01/1995. For periods through 04/01/2019 (the inception date of the Class W shares), performance for the Class W shares is based on the historical performance of the Class S shares. Because the Class W shares invest in the same portfolio of securities as the Class S shares, performance will be different only to the extent that the Class S shares have a higher expense ratio. Performance data quoted represents past performance and does not guarantee future results. Performance for periods greater than one year is annualized. The investment return and principal value of an investment will fluctuate, so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than that quoted.

Expense Ratio

Gross 0.76%
Net 0.10%*

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

Top Ten Investments

As of 06/30/2021

TREASURY NOTES 4.62%
AMAZON.COM INC 2.86%
FACEBOOK INC -A 2.73%
MICROSOFT CORP 2.42%
ALPHABET INC-CL A 2.12%
SEA LTD - ADR 1.91%
MONDELEZ INTERNATIONAL INC 1.85%
MASTERCARD INC-CLASS A 1.80%
PAYPAL HOLDINGS INC 1.77%
JOHNSON & JOHNSON 1.74%

This investment list is unaudited and excludes cash.

Asset Allocation

As of 06/30/2021

Stocks
91.09%
Bonds
8.18%
Cash
0.73%

Detailed Asset Class Allocation

As of 06/30/2021

International Equities
23.42%
Small Capitalization
1.40%
Mid Capitalization
8.79%
Large Capitalization
57.48%
Long Term Fixed Income
1.07%
Intermediate Term Fixed Income
7.00%
Short Term Fixed Income
0.11%
Cash
0.73%

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

June Fund Holdings

As of 06/30/2021

CUSIP Security Description Country Ticker Shares/Par Market Value (USD)
00206RDQ2 AT&T INC 4.25000 03/01/2027 US 200,000 $226,992.43
00435F309 ACCOR SA-SPONSORED ADR FR ACCYY 321,745 $2,413,087.50
00507V109 ACTIVISION INC US ATVI 38,376 $3,662,605.44
00724F101 ADOBE INC US ADBE 4,871 $2,852,652.44
00842XAA7 AFFINITY GAMING 6.87500 12/15/2027 US 45,000 $47,756.25
008492100 AGREE REALTY CORP US ADC 1,803 $127,093.47
009126202 AIR LIQUIDE-ADR FR AIQUY 106,806 $3,753,162.84
00912XAV6 AIR LEASE CORP 3.62500 04/01/2027 US 230,000 $247,024.50
01166WAA5 ALASKA AIR 2020-1 CL B 8.00000 08/15/2025 US 99,448.63 $111,543.60
01609WAU6 ALIBABA GROUP HOLDING 4.00000 12/06/2037 KY 460,000 $516,559.00
01879NAA3 ALLIANCE RES OP/FINANCE 7.50000 05/01/2025 US 45,000 $43,931.25
020002101 ALLSTATE CORPORATION US ALL 776 $101,221.44
02079K107 ALPHABET INC-CL C US GOOG 700 $1,754,424.00
02079K305 ALPHABET INC-CL A US GOOGL 4,757 $11,615,595.03
023135106 AMAZON.COM INC US AMZN 4,556 $15,673,368.96
0237400 DIAGEO PLC GB DGE LN 105,779 $5,069,831.83
024835100 AMERICAN CAMPUS COMMUNITIES US ACC 2,477 $115,725.44
025816109 AMERICAN EXPRESS CO US AXP 24,595 $4,063,831.85
02665T306 AMERICAN HOMES 4 RENT- A US AMH 7,795 $302,835.75
03027X100 AMERICAN TOWER REIT INC US AMT 21,500 $5,808,010.00
03027XAW0 AMERICAN TOWER CORP 3.80000 08/15/2029 US 571,000 $636,810.18
03064D108 AMERICOLD REALTY TRUST US COLD 3,780 $143,073.00
032654105 ANALOG DEVICES INC US ADI 815 $140,310.40
03784Y200 APPLE HOSPITALITY REIT INC US APLE 7,339 $111,993.14
038923AS7 ARBOR REALTY TRUST INC 8.00000 04/30/2023 US 80,000 $84,556.53
039483102 ARCHER-DANIELS-MIDLAND CO US ADM 1,536 $93,081.60
045054AJ2 ASHTEAD CAPITAL INC 4.00000 05/01/2028 US 230,000 $243,259.50
053015103 AUTOMATIC DATA PROCESSING US ADP 849 $168,628.38
053332102 AUTOZONE INC US AZO 1,594 $2,378,598.68
053484101 AVALONBAY COMMUNITIES INC US AVB 1,052 $219,541.88
05401AAP6 AVALON HOLDINGS FNDG LTD 2.75000 02/21/2028 KY 1,100,000 $1,089,312.05
055622104 BP PLC-SPONS ADR GB BP 55,234 $1,459,282.28
05567SAA0 BNSF FUNDING TRUST I 6.61300 12/15/2055 US 210,000 $240,416.40
071734AM9 BAUSCH HEALTH COS INC 5.00000 02/15/2029 CA 85,000 $79,262.50
07403VAA7 BEASLEY MEZ HLDGS LLC 8.62500 02/01/2026 US 65,000 $65,650.00
084423102 WR BERKLEY CORP US WRB 53,177 $3,957,964.11
084670702 BERKSHIRE HATHAWAY INC-CL B US BRK/B 10,702 $2,974,299.84
086516101 BEST BUY INC US BBY 768 $88,304.64
09061G101 BIOMARIN PHARMACEUTICAL INC US BMRN 63,756 $5,319,800.64
09247X101 BLACKROCK INC US BLK 9,169 $8,022,599.93
09261XAA0 BLACKSTONE SECURED LEND 2.75000 09/16/2026 US 240,000 $243,351.12
0963318 DECHRA PHARMACEUTICALS PLC GB DPH LN 6,833 $413,056.28
099502106 BOOZ ALLEN HAMILTON HOLDINGS US BAH 536 $45,656.48
101137107 BOSTON SCIENTIFIC CORP US BSX 52,679 $2,252,554.04
10373QBR0 BP CAP MARKETS AMERICA 3.06000 06/17/2041 US 630,000 $636,652.80
105368203 BRANDYWINE REALTY TRUST US BDN 8,539 $117,069.69
110122108 BRISTOL MYERS SQUIBB CO US BMY 3,795 $253,581.90
11133T103 BROADRIDGE FINANCIAL SOLUTIONS US BR 378 $61,058.34
12345678 JONAH ENERGY PARENT LLC US 2,449 $36,735.00
12467AAF5 C&S GROUP ENTERPRISES LL 5.00000 12/15/2028 US 75,000 $74,343.75
12503M108 CBOE GLOBAL MARKETS INC US CBOE 23,659 $2,816,603.95
12514G108 CDW CORP/DE US CDW 13,269 $2,317,430.85
125269100 CF INDUSTRIES HOLDINGS INC US CF 821 $42,240.45
12541W209 C.H. ROBINSON WORLDWIDE INC US CHRW 482 $45,148.94
12555DAA3 CIM 2019-INV1 A1 4.00000 02/25/2049 US 1,469.5 $1,490.62
12572Q105 CME GROUP INC US CME 12,503 $2,659,138.04
12598FAA7 CPI CG INC 8.62500 03/15/2026 US 70,000 $74,375.00
12646XAH5 CSMC 2013-IVR3 A1 2.50000 05/25/2043 US 2,944.4 $2,976.77
12648TAA7 CSMC 2014-IVR3 A1 3.50000 07/25/2044 US 5,229.65 $5,340.42
127097103 CABOT OIL & GAS CORP US COG 290,994 $5,080,755.24
133131102 CAMDEN PROPERTY TRUST US CPT 1,233 $163,582.11
13321L108 CAMECO CORP CA CCJ 182,532 $3,500,963.76
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89613FAA6 TAH 2017-SFR2 A 2.92800 01/17/2036 US 12,832.6 $13,118.08
89613GAA4 TAH 2020-SFR1 A 1.49900 07/17/2038 US 25,976.45 $25,958.99
902494103 TYSON FOODS INC -CL A US TSN 1,040 $76,710.40
902653104 UDR INC US UDR 4,134 $202,483.32
902973304 U.S. BANCORP US USB 2,857 $162,763.29
904767704 UNILEVER PLC - ADR GB UL 102,743 $6,010,465.50
907818108 UNION PAC CORP US UNP 1,091 $239,943.63
90932KAA7 UNITED AIR 2019-2 B PTT 3.50000 05/01/2028 US 53,747.19 $53,226.98
90932NAA1 UNITED AIR 2018-1 B PTT 4.60000 03/01/2026 US 46,547.88 $48,065.07
912810RX8 US TREASURY N/B 3.00000 05/15/2047 US 1,185,000 $1,409,687.12
912828X88 US TREASURY N/B 2.37500 05/15/2027 US 23,545,000 $25,359,620.45
91324P102 UNITEDHEALTH GROUP INC US UNH 12,429 $4,977,068.76
92276F100 VENTAS INC US VTR 1,718 $98,097.80
92343V104 VERIZON COMMUNICATIONS US VZ 5,721 $320,547.63
92343VCV4 VERIZON COMMUNICATIONS 4.27200 01/15/2036 US 550,000 $656,954.96
92532F100 VERTEX PHARMACEUTICALS INC US VRTX 38,948 $7,853,085.24
92826C839 VISA INC - CLASS A SHARES US V 32,485 $7,595,642.70
92840VAH5 VISTRA OPERATIONS CO LLC 4.37500 05/01/2029 US 80,000 $80,400.00
929160109 VULCAN MATERIALS CO US VMC 13,701 $2,384,933.07
929740108 WABTEC CORP US WAB 43,221 $3,557,088.30
93065PAA9 WBHT 2019-WBM A FLT 1.12300 12/15/2033 US 15,000 $15,008.77
931142103 WAL MART STORES US WMT 2,982 $420,521.64
93114W107 WALMART DE MEXICO MX WMMVY 161,581 $5,290,161.94
94106L109 WASTE MANAGEMENT INC US WM 970 $135,906.70
95040Q104 WELLTOWER INC. US WELL 1,730 $143,763.00
963320106 WHIRLPOOL CORP US WHR 220 $47,964.40
969457BY5 WILLIAMS COMPANIES INC 2.60000 03/15/2031 US 500,000 $506,908.59
969904101 WILLIAMS - SONOMA INC US WSM 263 $41,987.95
98978V103 ZOETIS INC US ZTS 9,920 $1,848,691.20
B02J639 ADMIRAL GROUP PLC GB ADM LN 15,097 $656,903.26
B1KFX13 GRUPO AEROPORTUARIO DEL CENT MX OMAB MM 19,400 $127,081.97
B1L3CS6 UBISOFT ENTERTAINMENT FR UBI FP 3,333 $232,869.08
B1Y9TB3 DANONE FR BN FP 6,441 $453,156.23
B1YXBJ7 AIR LIQUIDE FR AI FP 3,322 $582,512.83
B3QJ0H8 TOURMALINE OIL CORP CA TOU CN 13,995 $400,002.30
B4YVF56 BRENNTAG AG DE BNR GR 31,064 $2,891,201.81
BBQ3850 KEYWORDS STUDIOS PLC IE KWS LN 4,621 $159,166.51
BFZZM64 S4 CAPITAL PLC GB SFOR LN 55,195 $479,485.81
BGHQ198 HIBERNIA REIT PLC IE HBRN ID 48,250 $70,943.42
BJ2KSG2 AKZO NOBEL NL AKZA NA 1,441 $178,425.89
BK0939417 AMERICAN TANKER INC 7.75000 07/02/2025 US 85,000 $87,210.00
BKWD4B5 SOFTWAREONE HOLDING AG CH SWON SW 14,631 $346,139.05
BMMV2K8 TENCENT HOLDINGS LTD CN 700 HK 91,934 $6,921,941.62
BMXKJ81 FLAGSHIP COMMUNITIES REIT UT US MHC/U CN 6,430 $113,811.00
BN7860420 PETROTAL CORP 12.00000 02/16/2024 CA 65,000 $66,950.00
BNGN9Z1 FINECOBANK SPA IT FBK IM 47,010 $820,386.70
BVYVFW2 AUTO TRADER GROUP PLC GB AUTO LN 27,520 $241,020.32
BW1YVH8 WALMART DE MEXICO SAB DE CV MX WALMEX MM 75,821 $247,652.52
BYPC1T4 ASSA ABLOY AB-B SE ASSAB SS 5,518 $166,356.23
BYT1DJ1 INTERMEDIATE CAPITAL GROUP GB ICP LN 13,169 $387,341.93
BYYHL23 ANHEUSER-BUSCH INBEV SA/NV BE ABI BB 37,287 $2,687,975.66
BZ1HM42 ADYEN NV NL ADYEN NA 107 $262,399.43
G0772R208 BANK OF N.T. BUTTERFIELD&SON BM NTB 6,214 $220,286.30
G16962105 BUNGE LIMITED US BG 538 $42,044.70
G29183103 EATON CORP PLC US ETN 917 $135,881.06
G3223R108 EVEREST RE GROUP LTD BM RE 155 $39,061.55
G51502105 JOHNSON CONTROLS INTERNATIONAL US JCI 2,005 $137,603.15
G5494J103 LINDE PLC GB LIN 868 $250,938.80
G5960L103 MEDTRONIC INC IE MDT 46,158 $5,729,592.54
G85158106 STONECO LTD-A BR STNE 5,162 $346,163.72
G97822103 PERRIGO CO PLC IE PRGO 6,475 $296,878.75
H01301128 ALCON INC CH ALC 43,154 $3,032,000.04
H1467J104 CHUBB LTD CH CB 925 $147,019.50
H2906T109 GARMIN LTD CH GRMN 559 $80,853.76
USD US DOLLAR US 4,043,960.73 $4,043,960.73
ZO1818103 NAVIGATOR HOLDINGS LTD 8.00000 09/10/2025 MH 150,000 $156,750.00
ZO4110185 BROOGE PETROLEUM AND GAS 8.50000 09/24/2025 AE 200,000 $194,500.00

Investments will change over time.

Distributions

  • Pro-Blend® Maximum Term Series Class W Distribution History
  • 2021 Distribution Calendar
  • Fourth Quarter 2020 Distributions
  • Third Quarter 2020 Distributions
  • Second Quarter 2021 Distributions
  • First Quarter 2021 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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