Mutual Fund

Pro-Blend® Moderate Term Series

Investment Objective

To provide equal emphasis on long-term capital growth and capital preservation.

Investment Strategy

The portfolio is invested in a moderately conservative mix of securities that seeks to balance growth and capital preservation for a more stable rate of return relative to an investment in the stock market. Holdings are diversified primarily among intermediate to long-term fixed income securities. Because this fund is designed to moderate risk, stocks will typically be a minority in the portfolio, unless the fund manager’s analysis shows that the stock market is especially attractive.

The fund manager will adjust the investment mix over time to manage risk by continually evaluating individual securities and market conditions to determine the relative attractiveness of each investment. In general, stock exposure will increase when valuations are low and decrease during speculative markets.

May be Appropriate for Investors

  • Who want long term capital growth and who seek to minimize extreme declines in account value
  • Who have a moderate tolerance for capital risk

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 TermModerate TermExtended TermMaximum Term
0-5 Years3-10 Years7-20 Years15+ 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.

Learn more about our Pro-Blend® Series

Daily Price

$13.14

Daily $ Change

$0.00

Daily % Change

0.00%

as of 09/22/2023

Ticker

MNMIX

CUSIP

56382P682

Inception Date

03/28/2008

Investment Minimum

$1,000,000.00

Investment minimum may be waived for certain qualified retirement plans and discretionary investment accounts of the Advisor.

Important Documents

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

Performance

As of 08/31/2023

YTD

6.17%

1 Year

3.83%

3 Year

1.10%

5 Year

4.58%

10 Year

4.64%

Inception
(03/28/2008)

6.28%

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.

Inception performance is based on the Pro-Blend® Moderate Term Series Class S inception of 09/15/1993. For periods through 03/28/2008 (the inception date of the Class I shares), performance for the Class I shares is based on the historical performance of the Class S shares. Because the Class I 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.

Expense Ratio

Gross 0.85%

*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.

Top Ten Investments

As of 08/31/2023

TREASURY NOTES 17.71%
GOVERNMENT AGENCY 11.44%
TREASURY BONDS 3.05%
TSY INFL IX N/B 0.50000 04/15/2024 2.41%
AMAZON.COM INC 1.76%
META PLATFORMS INC 1.54%
MASTERCARD INC-CLASS A 1.46%
ALPHABET INC-CL A 1.40%
TENCENT HOLDINGS 3.97500 04/11/2029 1.28%
MICRON TECHNOLOGY INC 1.26%

This investment list is unaudited and excludes cash.

Asset Allocation

As of 08/31/2023

Bonds
59.22%
Stocks
37.08%
Cash
3.70%

Detailed Asset Class Allocation

As of 08/31/2023

International Equities
9.58%
Small Capitalization
0.38%
Mid Capitalization
3.72%
Large Capitalization
23.41%
Long Term Fixed Income
12.39%
Intermediate Term Fixed Income
43.90%
Short Term Fixed Income
2.92%
Cash
3.70%

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

Security Description Country Ticker Shares/Par Market Value (USD)
3M CO US MMM 517 $55,148.39
ABBOTT LABORATORIES US ABT 1,037 $106,707.30
ADMIRAL GROUP PLC GB ADM LN 11,408 $359,397.86
ADMIRAL GROUP PLC ADR GB AMIGY 47,382 $1,492,769.91
AERCAP IRELAND CAP/GLOBA 3.00000 10/29/2028 IE 1,260,000 $1,092,024.45
AGREE REALTY CORP US ADC 4,161 $257,233.02
AIR LIQUIDE FR AI FP 1,169 $211,210.47
AIRBUS SE FR AIR FP 1,404 $205,415.13
ALASKA AIR 2020-1 CL B 8.00000 08/15/2025 US 104,153.69 $104,792.88
ALCON INC CH ALC 19,178 $1,591,582.22
ALIBAB GROUP HOLDINGS 2.12500 02/09/2031 KY 600,000 $481,062.34
ALIBABA GROUP HOLDING 4.00000 12/06/2037 KY 2,860,000 $2,322,410.00
ALPHABET INC-CL A US GOOGL 34,887 $4,750,562.79
AMAZON.COM INC US AMZN 43,338 $5,981,077.38
AMAZON.COM INC 3.30000 04/13/2027 US 2,300,000 $2,188,721.01
AMERICAN HOMES 4 RENT- A US AMH 2,632 $94,857.28
AMERICAN TOWER REIT INC US AMT 1,205 $218,490.60
AMERICOLD REALTY TRUST US COLD 8,722 $293,495.30
ANALOG DEVICES INC US ADI 489 $88,890.42
APARTMENT INCOME REIT CO US AIRC 2,209 $75,238.54
APPLIED MATERIALS INC US AMAT 9,821 $1,500,255.96
ARCHER-DANIELS-MIDLAND CO US ADM 594 $47,104.20
ASHTEAD CAPITAL INC 4.00000 05/01/2028 US 1,220,000 $1,127,551.23
ASTRAZENECA GB AZN 3,727 $252,765.14
ATLASSIAN CORP PLC-CLASS A AU TEAM 783 $159,778.98
AUCKLAND INTL AIRPORT LTD NZ AIA NZ 25,303 $117,810.40
AUTO TRADER GROUP PLC GB AUTO LN 35,193 $269,876.24
AVALONBAY COMMUNITIES INC US AVB 1,348 $247,789.36
AVANZA BANK HOLDING AB SE AZA SS 8,877 $171,390.93
BABS 2021-RM2 A 1.75000 10/25/2061 US 1,205,782.28 $1,034,755.81
BAE SYSTEMS PLC GB BA/ LN 31,545 $401,497.55
BAE SYSTEMS PLC -SPON ADR GB BAESY 25,644 $1,327,589.88
BANK OF AMERICA CORP US BAC 3,875 $111,096.25
BANK OF AMERICA CORP 2.68700 04/22/2032 US 1,990,000 $1,627,364.25
BAXTER INTERNATIONAL INC US BAX 586 $23,791.60
BEIERSDORF AG DE BEI GR 1,985 $259,906.34
BIOMARIN PHARMACEUTICAL INC US BMRN 23,828 $2,177,402.64
BNSF FUNDING TRUST I 6.61300 12/15/2055 US 1,140,000 $1,113,239.31
BRISTOL MYERS SQUIBB CO US BMY 1,565 $96,482.25
BROADCOM INC US AVGO 190 $175,349.10
BROADRIDGE FINANCIAL SOLUTIONS US BR 180 $33,517.80
BROOGE PETROLEUM AND GAS 8.50000 09/24/2025 AE 266,233 $231,622.70
BUNGE LIMITED US BG 233 $26,636.56
C.H. ROBINSON WORLDWIDE INC US CHRW 233 $21,070.19
CAALT 2020-3A A 1.24000 10/15/2029 US 295,517.72 $294,340.40
CAALT 2021-2A A 0.96000 02/15/2030 US 782,264.56 $769,395.13
CALDERYS FINANCING LLC 11.25000 06/01/2028 US 370,000 $379,660.66
CAMPBELL SOUP CO US CPB 508 $21,183.60
CANADIAN NATIONAL RAILWAY CO CA CNI 13,101 $1,475,303.61
CARETRUST REIT INC US CTRE 6,984 $140,727.60
CATERPILLAR INC US CAT 480 $134,942.40
CBOE GLOBAL MARKETS INC US CBOE 9,415 $1,409,519.65
CBSLT 2019-AGS A1 MTGE 2.54000 01/25/2047 US 577,244.95 $523,599.05
CELLNEX TELECOM SA ES CLNX SM 6,915 $264,467.32
CELLNEX TELECOM SAU-UNSP ADR ES CLLNY 7,747 $147,812.76
CENOVUS ENERGY INC 6.75000 11/15/2039 CA 1,680,000 $1,742,912.79
CHEVRON CORP US CVX 951 $153,206.10
CIM 2019-INV1 A1 4.00000 02/25/2049 US 38,298.38 $35,842.14
CISCO SYSTEMS INC US CSCO 2,813 $161,325.55
CITIGROUP INC US C 1,728 $71,349.12
CITIGROUP INC 1.46200 06/09/2027 US 1,850,000 $1,646,854.42
CLARK CNTY NV 1.51000 11/01/2028 US 2,530,000 $2,143,793.00
CLEANAWAY WASTE MANAGEMENT AU CWY AU 114,518 $193,809.16
CMLTI 2021-INV1 2.50000 05/25/2051 US 635,957.19 $504,284.80
COCA COLA CO/THE US KO 64,965 $3,886,855.95
COGNIZANT TECH SOLUTIONS - A US CTSH 470 $33,656.70
COLGATE-PALMOLIVE CO US CL 838 $61,567.86
COLO 2023 - 1A A2 MTGE 5.11600 02/25/2053 US 1,600,000 $1,469,798.18
COMCAST CORP-CL A US CMCSA 2,992 $139,905.92
COMMUNITY HEALTHCARE TRUST I US CHCT 4,239 $140,692.41
CONAGRA BRAND INC. US CAG 756 $22,589.28
CONOCOPHILLIPS US COP 815 $97,009.45
COPART INC US CPRT 38,046 $1,705,602.18
CORNING INC US GLW 789 $25,894.98
COTERRA ENERGY INC US CTRA 973 $27,428.87
COUSINS PROPERTIES INC US CUZ 2,219 $52,146.50
CSMC 2013-7 A6 3.50000 08/25/2043 US 132,431.66 $117,188.37
CSMC 2013-IVR2 A2 3.00000 04/25/2043 US 295,652.11 $255,865.37
CSMC 2013-IVR3 A1 2.50000 05/25/2043 US 259,500.54 $218,061.10
CSMC 2013-TH1 A1 2.13000 02/25/2043 US 148,694.92 $123,992.98
CSMC 2014-IVR3 A1 3.50000 07/25/2044 US 56,951.53 $50,281.95
CSX CORP US CSX 41,549 $1,254,779.80
CUMMINS INC US CMI 205 $47,158.20
CVS HEALTH CORP US CVS 796 $51,875.32
DEUTSCHE BOERSE AG DE DB1 GR 1,844 $327,354.21
DEUTSCHE BOERSE AG ADR DE DBOEY 77,498 $1,372,489.58
DEVON ENERGY CORPORATION US DVN 670 $34,230.30
DIAGEO PLC GB DGE LN 5,247 $214,880.50
DIAMONDBACK ENERGY INC US FANG 208 $31,570.24
DOLLAR GENERAL CORP US DG 14,308 $1,981,658.00
DOLLARAMA INC CA DOL CN 1,528 $99,073.48
DOW INC US DOW 682 $37,209.92
DREYFUS GVT CSH MANAGEMENT US 13,079,534.04 $13,079,534.04
EBAY INC US EBAY 654 $29,286.12
ELECTRONIC ARTS US EA 24,691 $2,962,426.18
EMERSON ELEC CO US EMR 653 $64,157.25
ENDAVA PLC - SPON ADR GB DAVA 2,090 $102,201.00
ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 US 2,728,000 $2,715,852.95
EOG RESOURCES INC US EOG 476 $61,223.12
EQUINIX INC US EQIX 1,229 $960,316.02
EQUITY COMMONWEALTH US EQC 6,954 $132,334.62
EQUITY LIFESTYLE PROPERTIES US ELS 3,672 $245,877.12
EVERGY INC US EVRG 30,225 $1,661,468.25
EXTRA SPACE STORAGE INC US EXR 2,010 $258,646.80
EXXON MOBIL CORP US XOM 1,529 $170,009.51
FEDERAL NATL MTG ASSN 889576 6.00000 04/01/2038 US 157,599.28 $165,285.91
FEDERAL NATL MTG ASSN 995196 6.00000 07/01/2038 US 332,738.88 $348,902.51
FEDERAL NATL MTG ASSN AD0207 6.00000 10/01/2038 US 57,283.5 $60,077.40
FEDERAL NATL MTG ASSN AD0220 6.00000 10/01/2038 US 18,642.65 $19,548.26
FEDERAL NATL MTG ASSN AD0462 5.50000 10/01/2024 US 740.38 $734.45
FEDERAL NATL MTG ASSN AL0152 6.00000 06/01/2040 US 320,388.26 $336,014.63
FEDERAL NATL MTG ASSN AL1595 6.00000 01/01/2040 US 226,114.41 $237,142.74
FEDERAL NATL MTG ASSN AL7068 4.50000 09/01/2042 US 96,098.76 $93,820.46
FEDERAL NATL MTG ASSN AL8674 FLT 5.64700 01/01/2049 US 830,646.27 $855,032.65
FEDERAL NATL MTG ASSN AX5234 4.50000 11/01/2044 US 329,417.28 $320,463.97
FEDERAL NATL MTG ASSN BD1381 3.50000 06/01/2046 US 51,714.04 $46,993.81
FEDERAL NATL MTG ASSN BE7845 4.50000 02/01/2047 US 56,010.95 $54,244.10
FEDERAL NATL MTG ASSN BW1194 4.00000 09/01/2052 US 2,055,317.55 $1,898,606.74
FEDERAL NATL MTG ASSN FN FS1179 3.50000 12/01/2049 US 2,112,564.62 $1,918,715.25
FEDERAL NATL MTG ASSN FN MA3412 3.50000 07/01/2038 US 284,672.74 $265,340.57
FEDERAL NATL MTG ASSN FN MA3463 4.00000 09/01/2033 US 338,102.61 $326,476.86
FEDERAL NATL MTG ASSN FN MA4687 4.00000 06/01/2042 US 2,202,572.09 $2,067,560.94
FEDERAL NATL MTG ASSN FR ZS4751 3.50000 01/01/2048 US 117,080.76 $106,334.44
FEDERAL NATL MTG ASSN MA0258 4.50000 12/01/2039 US 290,615.06 $283,725.19
FEDERAL NATL MTG ASSN MA1834 4.50000 02/01/2034 US 232,750.17 $228,313.82
FEDERAL NATL MTG ASSN MA1903 4.50000 05/01/2034 US 164,066 $160,938.81
FEDERAL NATL MTG ASSN MA4644 4.00000 05/01/2052 US 2,338,396.02 $2,161,914.93
FEDERAL NATL MTG ASSN MA5043 5.00000 06/01/2038 US 2,192,958.99 $2,167,894.24
FEDERAL NATL MTG ASSN SD8276 5.00000 12/01/2052 US 1,839,157.56 $1,783,592.95
FEDERAL NATL MTG FN MA4203 2.50000 12/01/2040 US 2,002,678.37 $1,730,602.68
FEDEX CORPORATION US FDX 185 $48,288.70
FHLM POOL A92889 4.50000 07/01/2040 US 491,653.09 $479,930.57
FHLM POOL C91762 4.50000 05/01/2034 US 273,238.15 $268,345.11
FHLM POOL C91771 4.50000 06/01/2034 US 4,459.35 $4,379.51
FHLM POOL C91780 4.50000 07/01/2034 US 6,323.6 $6,215.42
FHLM POOL FG 08772 4.50000 07/01/2047 US 57,221.66 $55,368.02
FHLM POOL G03781 6.00000 01/01/2038 US 61,711.96 $64,804.61
FHLM POOL G03926 6.00000 02/01/2038 US 85,354.75 $89,632.24
FHLM POOL G05900 6.00000 03/01/2040 US 47,172.08 $49,536.07
FHLM POOL G05906 6.00000 04/01/2040 US 42,004.56 $44,109.58
FHLM POOL G13331 5.50000 10/01/2023 US 6.55 $6.53
FHLM POOL SD8230 4.50000 06/01/2052 US 2,405,311.72 $2,282,518.08
FHR 5189 CP 2.50000 06/25/2049 US 2,117,835.03 $1,793,854.96
FIFTH THIRD BANCORP US FITB 950 $25,222.50
FINECOBANK SPA IT FBK IM 17,766 $242,815.53
FLAGSHIP COMMUNITIES REIT UT US MHC/U CN 6,916 $110,656.00
FLX 2021-1A A2 3.25000 11/27/2051 US 2,100,000 $1,833,290.55
FMC CORP US FMC 29,840 $2,573,103.20
FN DS2696 3.00000 12/01/2051 US 2,569,188.53 $2,236,196.88
FN FS4925 MTGE 3.50000 04/01/2052 US 2,321,498 $2,100,450.72
FN MA4020 MTGE 3.00000 05/01/2050 US 3,346,372.66 $2,912,650.44
FN MA4733 4.50000 09/01/2052 US 1,283,150.59 $1,217,658.48
FN MA4807 MTGE 5.50000 11/01/2052 US 1,180,782.27 $1,168,146.77
FN MA4868 MTGE 5.00000 01/01/2053 US 1,928,725.74 $1,870,459.63
FN MA4934 MTGE 5.00000 02/01/2043 US 2,826,835.17 $2,770,195.85
FNR 2018-31 KP 3.50000 07/25/2047 US 22,941.93 $22,075.91
FNR 2021-69 WJ 1.50000 10/25/2050 US 886,271.92 $732,206.95
FR SD1360 MTGE 5.50000 07/01/2052 US 2,954,231.54 $2,921,438.74
GENERAL DYNAMICS CORP US GD 288 $65,272.32
GENERAL MLS INC US GIS 692 $46,820.72
GENUINE PARTS CO US GPC 220 $33,820.60
GETTY REALTY CORP US GTY 3,688 $110,713.76
GILEAD SCIENCES INC US GILD 1,154 $88,257.92
GLOBANT SA LU GLOB 559 $114,298.73
GNR 2017-54 AH MTGE 2.60000 12/16/2056 US 288,023.69 $259,604.83
GOLDEN PEAR FUND HOLDCO 10.00000 03/02/2028 US 230,000 $206,627.12
GOODG 2020-1A MTGE 2.63000 04/15/2055 US 993,605.85 $819,174.96
GREENIDGE GEN HLD INC US 10,000 $53,100.00
GSMBS 2021-INV1 A9 5.00000 12/25/2051 US 1,160,865.97 $1,058,014.41
GSMBS 2021-PJ6 A8 2.50000 11/25/2051 US 912,289.78 $774,887.83
GSMBS 2021-PJ9 A8 2.50000 02/26/2052 US 938,825.29 $796,805.51
HALLIBURTON CO US HAL 867 $33,483.54
HALMA PLC GB HLMA LN 4,411 $119,575.34
HARTFORD FINL SVCS US HIG 322 $23,126.04
HAWAII ST 2.68200 10/01/2038 US 1,835,000 $1,349,920.17
HDFC BANK LTD-ADR IN HDB 4,324 $269,428.44
HEALTHCARE REALTY TRUST INC US HR 4,382 $76,772.64
HEINEKEN NV NL HEIA NA 3,023 $293,867.15
HEINEKEN NV-SPN ADR NL HEINY 66,887 $3,258,065.77
HELIOS TOWERS PLC GB HTWS LN 67,482 $77,920.67
HOME DEPOT INC US HD 627 $207,098.10
HONEYWELL INTERNATIONAL INC US HON 560 $105,246.40
HUNTINGTON BANCSHARES US HBAN 1,845 $20,461.05
HWIRE 2021-1 A2 2.31100 11/20/2051 US 1,950,000 $1,721,521.43
IDEXX LABORATORIES INC US IDXX 3,667 $1,875,340.47
IIP OPERATING PARTNER 5.50000 05/25/2026 US 490,000 $434,126.73
IMCD NV NL IMCD NA 690 $95,035.24
IMPRL 2021-NQM3 1.59500 11/25/2056 US 1,049,680.24 $848,686.97
INTERCONTINENTALEXCHANGE INC US ICE 11,622 $1,371,279.78
INTERMEDIATE CAPITAL GROUP GB ICP LN 6,071 $103,750.96
INTERNATIONAL BUSINESS MACH CORP US IBM 541 $79,435.03
INTERNATIONAL FLVRS & FRAGRANCES US IFF 304 $21,416.80
INTUIT INC US INTU 2,764 $1,497,562.84
INTUITIVE SURGICAL INC US ISRG 4,118 $1,287,616.24
INVITATION HOMES INC US INVH 8,020 $273,401.80
ITALY GOV'T INT BOND 2.37500 10/17/2024 IT 380,000 $365,444.87
JM SMUCKER CO/THE-NEW COM WI US SJM 180 $26,091.00
JOHNSON & JOHNSON US JNJ 26,599 $4,300,526.32
JP MORGAN CHASE & CO US JPM 1,472 $215,397.76
JPMMT 2014-2 1A1 3.00000 06/25/2029 US 190,181.12 $177,602.79
JPMMT 2017-2 A3 3.50000 05/25/2047 US 12,482.22 $10,879.26
JPMORGAN CHASE & CO 4.49300 03/24/2031 US 3,140,000 $2,978,079.84
KELLOGG CO US K 346 $21,112.92
KEYENCE CORP JP 6861 JP 400 $166,068.73
KEYWORDS STUDIOS PLC IE KWS LN 3,952 $76,347.50
KIMBERLY CLARK DE MEXICO S.A.B. MX KIMBERA MM 48,600 $109,453.68
KRAFT HEINZ CO/THE US KHC 965 $31,931.85
L'OREAL FR OR FP 114 $50,072.47
L3HARRIS TECHNOLOGIES INC US LHX 18,269 $3,253,526.21
LEXINGTON REALTY TRUST US LXP 14,287 $140,298.34
LOCKHEED MARTIN CORP US LMT 220 $98,637.00
LONZA GROUP AG -REG CH LONN SW 179 $98,734.84
LULULEMON - ADR CA LULU 544 $207,405.44
MARATHON OIL CORP US MRO 713 $18,787.55
MARATHON PETROLEUM CORP US MPC 451 $64,389.27
MARRIOTT VACATIONS WORLD US VAC 642 $69,778.98
MASCO CORP US MAS 45,421 $2,680,293.21
MASTERCARD INC-CLASS A US MA 12,067 $4,979,326.88
MEDTRONIC INC IE MDT 38,609 $3,146,633.50
MERCADOLIBRE INC BR MELI 172 $236,045.92
MERCK & CO INC US MRK 1,648 $179,599.04
META PLATFORMS INC US META 17,752 $5,252,639.28
MEX BONOS DESARR FIX RT 7.75000 05/29/2031 MX 1,081,000 $57,916.75
MICROCHIP TECHNOLOGY INC US MCHP 540 $44,193.60
MICRON TECHNOLOGY INC US MU 61,519 $4,302,638.86
MICROSOFT CORP US MSFT 6,507 $2,132,734.32
MID-AMERICA APARTMENT COMM US MAA 954 $138,549.42
MONARCH CASINO & RESORT INC US MCRI 1,711 $115,321.40
MONDELEZ INTERNATIONAL INC US MDLZ 18,352 $1,307,763.52
MOODY'S CORPORATION US MCO 6,822 $2,297,649.60
NAVIENT CORP 6.75000 06/25/2025 US 475,000 $472,664.53
NESTLE S.A. - ADR CH NSRGY 27,778 $3,336,971.14
NESTLE SA-REGISTERED CH NESN SW 3,224 $387,651.89
NETAPP INC US NTAP 354 $27,151.80
NEWCASTLE COAL INFRASTRU 4.40000 09/29/2027 AU 1,277,769.41 $1,155,110.82
NIKE INC CLASS B US NKE 11,799 $1,200,076.29
NORFOLK SOUTHN CORP US NSC 215 $44,077.15
NORTHROP GRUMMAN CORP US NOC 4,922 $2,131,668.98
NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 CA 497,000 $49.70
NOVARTIS AG- REG CH NVS 16,329 $1,640,737.92
NRG 7.467 07/31/28 CORP 7.46700 07/31/2028 US 1,060,000 $1,073,811.99
NRZT 2014-3A AFX3 3.75000 11/25/2054 US 249,365.14 $226,413.52
NRZT 2015-2A A1 3.75000 08/25/2055 US 293,534.92 $270,711.08
NRZT 2016-4A A1 3.75000 11/25/2056 US 337,642.95 $307,331.90
NSLT 2012-3A A MTGE FLT 6.10206 03/26/2040 US 190,479.71 $188,615.01
OASIS 2022-2A A 6.85000 10/15/2034 US 630,947.25 $629,544.09
OASIS 2023-1A 7.00000 02/15/2035 US 893,227.82 $888,928.45
ODFJELL DRILLING LTD 9.25000 05/31/2028 BM 400,000 $405,289.93
OMNICOM GROUP US OMC 329 $26,652.29
OXFIN 2019-1A A2 4.45900 02/15/2027 US 8,908.53 $8,860.32
OXFIN 2020-1A A2 3.10100 02/15/2028 US 363,244 $350,016.72
OXFIN 2022-1A 3.60200 02/15/2030 US 1,925,000 $1,778,010.66
OXFIN 2023-1A A2 6.71600 02/15/2031 US 2,170,000 $2,139,565.32
PACKAGING CORP OF AMERICA US PKG 139 $20,724.90
PALOMINO FUNDING TRUST I 7.23300 05/17/2028 US 2,170,000 $2,198,433.14
PARAMOUNT GLOBAL CLASS B US PARA 913 $13,777.17
PCG 2023 1 NOTE MTG 11.31495 07/25/2029 US 3,299,021.93 $3,299,021.93
PEAR 2021-1 A MTGE 2.60000 01/15/2034 US 1,474,078.13 $1,402,223.16
PEAR 2022-1 A1 6.50000 10/15/2034 US 142,649.85 $142,578.27
PEAR 2023-1A 7.42000 07/15/2035 US 947,547.1 $946,272.36
PEPSICO INC 3.90000 07/18/2032 US 2,360,000 $2,238,407.07
PFIZER INC US PFE 3,081 $109,005.78
PFMT 2021 -INV1 A1 2.50000 08/25/2051 US 1,818,610.52 $1,446,833.61
PFMT 2021-2 A2A 2.00000 04/25/2051 US 1,112,017.92 $930,217.32
PHILLIPS 66 US PSX 360 $41,097.60
PHYSICIANS REALTY TRUST US DOC 5,812 $80,844.92
PMTLT 2013-J1 a9 3.50000 09/25/2043 US 278,443.87 $246,073.14
PPG INDUSTRIES INC US PPG 246 $34,872.96
PROLOGIS US PLD 7,427 $922,433.40
PUBLIC STORAGE INC US PSA 1,244 $343,816.72
QUALCOMM INC US QCOM 904 $103,535.12
QUALCOMM INC 4.25000 05/20/2032 US 2,250,000 $2,159,834.51
QUEST DIAGNOSTICS INC US DGX 194 $25,511.00
RAYTHEON TECHNOLOGIES CORP US RTX 940 $80,877.60
RCKT 2021-6 A1 2.50000 12/25/2051 US 1,197,848.08 $945,346.50
REALTY INCOME CORP US O 3,559 $199,446.36
REGIONS FINANCIAL CORP. US RF 1,434 $26,299.56
RENAISSANCERE HOLDINGS LTD BM RNR 1,154 $216,825.06
RENTOKIL INITIAL PLC GB RTO LN 37,542 $285,824.96
RENTOKIL INITIAL PLC-SP ADR GB RTO 37,218 $1,412,423.10
REXFORD INDUSTRIAL REALITY IN US REXR 3,071 $164,206.37
S&P GLOBAL INC US SPGI 2,244 $877,089.84
SALESFORCE INC US CRM 6,021 $1,333,410.66
SBA COMMUNICATIONS CORP US SBAC 1,603 $359,921.59
SBA TOWER TRUST 1.88400 01/15/2026 US 520,000 $469,474.67
SBA TOWER TRUST 6.59900 01/15/2028 US 1,960,000 $1,989,902.54
SCHLUMBERGER LTD NL SLB 1,003 $59,136.88
SCML 2019-SBC8 2.86000 04/25/2041 US 147,792.69 $135,161.51
SEMT 2013-2 1.87400 02/25/2043 US 224,415.28 $186,443.74
SEMT 2013-6 A2 3.00000 05/25/2043 US 434,346.87 $373,238.46
SEMT 2013-7 A2 3.00000 06/25/2043 US 150,724 $131,140.98
SEMT 2013-8 A1 3.00000 06/25/2043 US 184,397.97 $159,602.35
SEMT 2017-6 A19 MTGE 3.50000 09/25/2047 US 77,885.81 $68,755.16
SEMT 2020-1 A1 3.50000 02/25/2050 US 74,477.7 $65,223.64
SERVICENOW INC US NOW 4,684 $2,758,079.72
SIMON PROPERTY GROUP LP 2.65000 02/01/2032 US 4,230,000 $3,401,808.98
SKYWORKS SOLUTIONS INC US SWKS 212 $23,052.88
SLMA 2005-7 A4 FLT 5.46614 10/25/2029 US 129,968.41 $129,598.66
SOFI 2018-B A2FX MTGE 3.34000 08/25/2047 US 216,190.38 $210,067.93
SONY CORP FIRST SECTION JP 6758 JP 2,300 $191,342.78
SORT 2020-1 A1 MTGE 1.69000 07/15/2060 US 921,938.3 $833,443.56
SOUTH CAROLINA ST PUBLIC SVC 2.32900 12/01/2028 US 955,000 $815,825.54
SRPT 2014-STAR A FLTG RATE 8.50000 11/15/2027 US 1,745,456.34 $1,245,111.58
STAG INDUSTRIAL INC US STAG 2,267 $82,813.51
SUN COMMUNITIES US SUI 2,670 $326,861.40
SYNCHRONOSS TECH US 10,117 $185,141.10
SYSCO CORP US SYY 438 $30,506.70
TAIWAN SEMICONDUCTOR - SP ADR TW TSM 24,078 $2,252,978.46
TE CONNECTIVITY LIMITED CH TEL 325 $43,026.75
TECHTRONIC INDUSTRIES CO LTD HK 669 HK 14,500 $143,008.93
TENCENT HOLDINGS 3.97500 04/11/2029 KY 4,720,000 $4,347,047.60
TENCENT HOLDINGS LTD CN 700 HK 6,400 $265,218.35
TERRENO REALTY CORP US TRNO 2,520 $153,442.80
TEXAS INSTRUMENTS INC US TXN 570 $95,794.20
THERMO FISHER SCIENTIFIC INC US TMO 2,641 $1,471,301.10
TOKYO ELECTRON LTD JP 8035 JP 900 $133,673.10
TPMT 2016-5 A1 2.50000 10/25/2056 US 91,612.84 $90,312.84
TPMT 2017-1 A1 2.75000 10/25/2056 US 58,287.73 $57,561.36
TPMT 2019-HY1 A1 6.42943 10/25/2048 US 260,521.16 $259,775.57
TRAVELLERS COS INC US TRV 281 $45,305.63
TREASURY BOND 2.37500 02/15/2042 US 13,955,000 $10,385,572.66
TREASURY NOTE 2.25000 11/15/2027 US 15,590,000 $14,334,274.30
TRUIST FINANCIAL CORP US TFC 1,092 $33,360.60
TSY INFL IX N/B 0.12500 01/15/2031 US 4,664,838.6 $4,086,653.69
TSY INFL IX N/B 0.50000 04/15/2024 US 8,366,631 $8,187,307.83
TSY INFL IX N/B 2.37500 01/15/2027 US 3,269,484.95 $3,269,375.36
TYSON FOODS INC -CL A US TSN 447 $23,811.69
U.S. BANCORP US USB 1,471 $53,735.63
UDR INC US UDR 5,238 $208,996.20
UNILEVER PLC - ADR GB UL 74,038 $3,777,418.76
UNION PAC CORP US UNP 6,692 $1,476,054.44
UNITED AIR 2018-1 B PTT 4.60000 03/01/2026 US 70,210.35 $66,336.10
UNITED AIR 2019-2 B PTT 3.50000 05/01/2028 US 389,716.92 $351,477.60
UNITED PARCEL SERVICE US UPS 545 $92,323.00
US CLAIMS LIT FNDG LLC 10.25000 03/17/2028 US 250,000 $229,194.26
US TEASURY NOTE 1.75000 11/15/2029 US 16,380,000 $14,245,481.25
US TREASURY N/B 0.87500 11/15/2030 US 13,115,000 $10,500,196.88
US TREASURY N/B 2.00000 11/15/2026 US 11,245,000 $10,410,410.16
US TREASURY N/B 3.12500 11/15/2028 US 2,682,000 $2,539,099.69
US TREASURY N/B 4.12500 11/15/2032 US 8,217,000 $8,215,716.09
VALERO ENERGY US VLO 285 $37,021.50
VENTAS INC US VTR 2,597 $113,436.96
VERTEX PHARMACEUTICALS INC US VRTX 4,770 $1,661,581.80
VISA INC - CLASS A SHARES US V 14,100 $3,464,088.00
WARNERMEDIA HOLDINGS INC 4.05400 03/15/2029 US 2,990,000 $2,748,421.22
WELLS FARGO COMPANY US WFC 2,077 $85,759.33
WELLTOWER INC. US WELL 2,700 $223,776.00
WIN 2015-1 A1 3.50000 01/20/2045 US 77,569.8 $69,234.18

Investments will change over time.

Distributions

  • Pro-Blend® Moderate Term Series Class I Distribution History
  • 2023 Distribution Calendar
  • 2023 Distributions
  • Tax Letter
  • Target 2020 Merger into Pro Blend Moderate
  • Target 2025 Merger into Pro Blend Moderate
  • Pro-Blend Moderate Series Stock Split

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

$13.14

Daily $ Change

$0.00

Daily % Change

0.00%

as of 09/22/2023

Ticker

MNMIX

CUSIP

56382P682

Inception Date

03/28/2008

Investment Minimum

$1,000,000.00

Investment minimum may be waived for certain qualified retirement plans and discretionary investment accounts of the Advisor.

Important Documents

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

Investment Objective

To provide equal emphasis on long-term capital growth and capital preservation.

Investment Strategy

The portfolio is invested in a moderately conservative mix of securities that seeks to balance growth and capital preservation for a more stable rate of return relative to an investment in the stock market. Holdings are diversified primarily among intermediate to long-term fixed income securities. Because this fund is designed to moderate risk, stocks will typically be a minority in the portfolio, unless the fund manager’s analysis shows that the stock market is especially attractive.

The fund manager will adjust the investment mix over time to manage risk by continually evaluating individual securities and market conditions to determine the relative attractiveness of each investment. In general, stock exposure will increase when valuations are low and decrease during speculative markets.

May be Appropriate for Investors

  • Who want long term capital growth and who seek to minimize extreme declines in account value
  • Who have a moderate tolerance for capital risk

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 TermModerate TermExtended TermMaximum Term
0-5 Years3-10 Years7-20 Years15+ 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.

Learn more about our Pro-Blend® Series

Performance

As of 08/31/2023

YTD

6.17%

1 Year

3.83%

3 Year

1.10%

5 Year

4.58%

10 Year

4.64%

Inception
(03/28/2008)

6.28%

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.

Inception performance is based on the Pro-Blend® Moderate Term Series Class S inception of 09/15/1993. For periods through 03/28/2008 (the inception date of the Class I shares), performance for the Class I shares is based on the historical performance of the Class S shares. Because the Class I 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.

Expense Ratio

Gross 0.85%

*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.

Top Ten Investments

As of 08/31/2023

TREASURY NOTES 17.71%
GOVERNMENT AGENCY 11.44%
TREASURY BONDS 3.05%
TSY INFL IX N/B 0.50000 04/15/2024 2.41%
AMAZON.COM INC 1.76%
META PLATFORMS INC 1.54%
MASTERCARD INC-CLASS A 1.46%
ALPHABET INC-CL A 1.40%
TENCENT HOLDINGS 3.97500 04/11/2029 1.28%
MICRON TECHNOLOGY INC 1.26%

This investment list is unaudited and excludes cash.

Asset Allocation

As of 08/31/2023

Bonds
59.22%
Stocks
37.08%
Cash
3.70%

Detailed Asset Class Allocation

As of 08/31/2023

International Equities
9.58%
Small Capitalization
0.38%
Mid Capitalization
3.72%
Large Capitalization
23.41%
Long Term Fixed Income
12.39%
Intermediate Term Fixed Income
43.90%
Short Term Fixed Income
2.92%
Cash
3.70%

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

Security Description Country Ticker Shares/Par Market Value (USD)
3M CO US MMM 517 $55,148.39
ABBOTT LABORATORIES US ABT 1,037 $106,707.30
ADMIRAL GROUP PLC GB ADM LN 11,408 $359,397.86
ADMIRAL GROUP PLC ADR GB AMIGY 47,382 $1,492,769.91
AERCAP IRELAND CAP/GLOBA 3.00000 10/29/2028 IE 1,260,000 $1,092,024.45
AGREE REALTY CORP US ADC 4,161 $257,233.02
AIR LIQUIDE FR AI FP 1,169 $211,210.47
AIRBUS SE FR AIR FP 1,404 $205,415.13
ALASKA AIR 2020-1 CL B 8.00000 08/15/2025 US 104,153.69 $104,792.88
ALCON INC CH ALC 19,178 $1,591,582.22
ALIBAB GROUP HOLDINGS 2.12500 02/09/2031 KY 600,000 $481,062.34
ALIBABA GROUP HOLDING 4.00000 12/06/2037 KY 2,860,000 $2,322,410.00
ALPHABET INC-CL A US GOOGL 34,887 $4,750,562.79
AMAZON.COM INC US AMZN 43,338 $5,981,077.38
AMAZON.COM INC 3.30000 04/13/2027 US 2,300,000 $2,188,721.01
AMERICAN HOMES 4 RENT- A US AMH 2,632 $94,857.28
AMERICAN TOWER REIT INC US AMT 1,205 $218,490.60
AMERICOLD REALTY TRUST US COLD 8,722 $293,495.30
ANALOG DEVICES INC US ADI 489 $88,890.42
APARTMENT INCOME REIT CO US AIRC 2,209 $75,238.54
APPLIED MATERIALS INC US AMAT 9,821 $1,500,255.96
ARCHER-DANIELS-MIDLAND CO US ADM 594 $47,104.20
ASHTEAD CAPITAL INC 4.00000 05/01/2028 US 1,220,000 $1,127,551.23
ASTRAZENECA GB AZN 3,727 $252,765.14
ATLASSIAN CORP PLC-CLASS A AU TEAM 783 $159,778.98
AUCKLAND INTL AIRPORT LTD NZ AIA NZ 25,303 $117,810.40
AUTO TRADER GROUP PLC GB AUTO LN 35,193 $269,876.24
AVALONBAY COMMUNITIES INC US AVB 1,348 $247,789.36
AVANZA BANK HOLDING AB SE AZA SS 8,877 $171,390.93
BABS 2021-RM2 A 1.75000 10/25/2061 US 1,205,782.28 $1,034,755.81
BAE SYSTEMS PLC GB BA/ LN 31,545 $401,497.55
BAE SYSTEMS PLC -SPON ADR GB BAESY 25,644 $1,327,589.88
BANK OF AMERICA CORP US BAC 3,875 $111,096.25
BANK OF AMERICA CORP 2.68700 04/22/2032 US 1,990,000 $1,627,364.25
BAXTER INTERNATIONAL INC US BAX 586 $23,791.60
BEIERSDORF AG DE BEI GR 1,985 $259,906.34
BIOMARIN PHARMACEUTICAL INC US BMRN 23,828 $2,177,402.64
BNSF FUNDING TRUST I 6.61300 12/15/2055 US 1,140,000 $1,113,239.31
BRISTOL MYERS SQUIBB CO US BMY 1,565 $96,482.25
BROADCOM INC US AVGO 190 $175,349.10
BROADRIDGE FINANCIAL SOLUTIONS US BR 180 $33,517.80
BROOGE PETROLEUM AND GAS 8.50000 09/24/2025 AE 266,233 $231,622.70
BUNGE LIMITED US BG 233 $26,636.56
C.H. ROBINSON WORLDWIDE INC US CHRW 233 $21,070.19
CAALT 2020-3A A 1.24000 10/15/2029 US 295,517.72 $294,340.40
CAALT 2021-2A A 0.96000 02/15/2030 US 782,264.56 $769,395.13
CALDERYS FINANCING LLC 11.25000 06/01/2028 US 370,000 $379,660.66
CAMPBELL SOUP CO US CPB 508 $21,183.60
CANADIAN NATIONAL RAILWAY CO CA CNI 13,101 $1,475,303.61
CARETRUST REIT INC US CTRE 6,984 $140,727.60
CATERPILLAR INC US CAT 480 $134,942.40
CBOE GLOBAL MARKETS INC US CBOE 9,415 $1,409,519.65
CBSLT 2019-AGS A1 MTGE 2.54000 01/25/2047 US 577,244.95 $523,599.05
CELLNEX TELECOM SA ES CLNX SM 6,915 $264,467.32
CELLNEX TELECOM SAU-UNSP ADR ES CLLNY 7,747 $147,812.76
CENOVUS ENERGY INC 6.75000 11/15/2039 CA 1,680,000 $1,742,912.79
CHEVRON CORP US CVX 951 $153,206.10
CIM 2019-INV1 A1 4.00000 02/25/2049 US 38,298.38 $35,842.14
CISCO SYSTEMS INC US CSCO 2,813 $161,325.55
CITIGROUP INC US C 1,728 $71,349.12
CITIGROUP INC 1.46200 06/09/2027 US 1,850,000 $1,646,854.42
CLARK CNTY NV 1.51000 11/01/2028 US 2,530,000 $2,143,793.00
CLEANAWAY WASTE MANAGEMENT AU CWY AU 114,518 $193,809.16
CMLTI 2021-INV1 2.50000 05/25/2051 US 635,957.19 $504,284.80
COCA COLA CO/THE US KO 64,965 $3,886,855.95
COGNIZANT TECH SOLUTIONS - A US CTSH 470 $33,656.70
COLGATE-PALMOLIVE CO US CL 838 $61,567.86
COLO 2023 - 1A A2 MTGE 5.11600 02/25/2053 US 1,600,000 $1,469,798.18
COMCAST CORP-CL A US CMCSA 2,992 $139,905.92
COMMUNITY HEALTHCARE TRUST I US CHCT 4,239 $140,692.41
CONAGRA BRAND INC. US CAG 756 $22,589.28
CONOCOPHILLIPS US COP 815 $97,009.45
COPART INC US CPRT 38,046 $1,705,602.18
CORNING INC US GLW 789 $25,894.98
COTERRA ENERGY INC US CTRA 973 $27,428.87
COUSINS PROPERTIES INC US CUZ 2,219 $52,146.50
CSMC 2013-7 A6 3.50000 08/25/2043 US 132,431.66 $117,188.37
CSMC 2013-IVR2 A2 3.00000 04/25/2043 US 295,652.11 $255,865.37
CSMC 2013-IVR3 A1 2.50000 05/25/2043 US 259,500.54 $218,061.10
CSMC 2013-TH1 A1 2.13000 02/25/2043 US 148,694.92 $123,992.98
CSMC 2014-IVR3 A1 3.50000 07/25/2044 US 56,951.53 $50,281.95
CSX CORP US CSX 41,549 $1,254,779.80
CUMMINS INC US CMI 205 $47,158.20
CVS HEALTH CORP US CVS 796 $51,875.32
DEUTSCHE BOERSE AG DE DB1 GR 1,844 $327,354.21
DEUTSCHE BOERSE AG ADR DE DBOEY 77,498 $1,372,489.58
DEVON ENERGY CORPORATION US DVN 670 $34,230.30
DIAGEO PLC GB DGE LN 5,247 $214,880.50
DIAMONDBACK ENERGY INC US FANG 208 $31,570.24
DOLLAR GENERAL CORP US DG 14,308 $1,981,658.00
DOLLARAMA INC CA DOL CN 1,528 $99,073.48
DOW INC US DOW 682 $37,209.92
DREYFUS GVT CSH MANAGEMENT US 13,079,534.04 $13,079,534.04
EBAY INC US EBAY 654 $29,286.12
ELECTRONIC ARTS US EA 24,691 $2,962,426.18
EMERSON ELEC CO US EMR 653 $64,157.25
ENDAVA PLC - SPON ADR GB DAVA 2,090 $102,201.00
ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 US 2,728,000 $2,715,852.95
EOG RESOURCES INC US EOG 476 $61,223.12
EQUINIX INC US EQIX 1,229 $960,316.02
EQUITY COMMONWEALTH US EQC 6,954 $132,334.62
EQUITY LIFESTYLE PROPERTIES US ELS 3,672 $245,877.12
EVERGY INC US EVRG 30,225 $1,661,468.25
EXTRA SPACE STORAGE INC US EXR 2,010 $258,646.80
EXXON MOBIL CORP US XOM 1,529 $170,009.51
FEDERAL NATL MTG ASSN 889576 6.00000 04/01/2038 US 157,599.28 $165,285.91
FEDERAL NATL MTG ASSN 995196 6.00000 07/01/2038 US 332,738.88 $348,902.51
FEDERAL NATL MTG ASSN AD0207 6.00000 10/01/2038 US 57,283.5 $60,077.40
FEDERAL NATL MTG ASSN AD0220 6.00000 10/01/2038 US 18,642.65 $19,548.26
FEDERAL NATL MTG ASSN AD0462 5.50000 10/01/2024 US 740.38 $734.45
FEDERAL NATL MTG ASSN AL0152 6.00000 06/01/2040 US 320,388.26 $336,014.63
FEDERAL NATL MTG ASSN AL1595 6.00000 01/01/2040 US 226,114.41 $237,142.74
FEDERAL NATL MTG ASSN AL7068 4.50000 09/01/2042 US 96,098.76 $93,820.46
FEDERAL NATL MTG ASSN AL8674 FLT 5.64700 01/01/2049 US 830,646.27 $855,032.65
FEDERAL NATL MTG ASSN AX5234 4.50000 11/01/2044 US 329,417.28 $320,463.97
FEDERAL NATL MTG ASSN BD1381 3.50000 06/01/2046 US 51,714.04 $46,993.81
FEDERAL NATL MTG ASSN BE7845 4.50000 02/01/2047 US 56,010.95 $54,244.10
FEDERAL NATL MTG ASSN BW1194 4.00000 09/01/2052 US 2,055,317.55 $1,898,606.74
FEDERAL NATL MTG ASSN FN FS1179 3.50000 12/01/2049 US 2,112,564.62 $1,918,715.25
FEDERAL NATL MTG ASSN FN MA3412 3.50000 07/01/2038 US 284,672.74 $265,340.57
FEDERAL NATL MTG ASSN FN MA3463 4.00000 09/01/2033 US 338,102.61 $326,476.86
FEDERAL NATL MTG ASSN FN MA4687 4.00000 06/01/2042 US 2,202,572.09 $2,067,560.94
FEDERAL NATL MTG ASSN FR ZS4751 3.50000 01/01/2048 US 117,080.76 $106,334.44
FEDERAL NATL MTG ASSN MA0258 4.50000 12/01/2039 US 290,615.06 $283,725.19
FEDERAL NATL MTG ASSN MA1834 4.50000 02/01/2034 US 232,750.17 $228,313.82
FEDERAL NATL MTG ASSN MA1903 4.50000 05/01/2034 US 164,066 $160,938.81
FEDERAL NATL MTG ASSN MA4644 4.00000 05/01/2052 US 2,338,396.02 $2,161,914.93
FEDERAL NATL MTG ASSN MA5043 5.00000 06/01/2038 US 2,192,958.99 $2,167,894.24
FEDERAL NATL MTG ASSN SD8276 5.00000 12/01/2052 US 1,839,157.56 $1,783,592.95
FEDERAL NATL MTG FN MA4203 2.50000 12/01/2040 US 2,002,678.37 $1,730,602.68
FEDEX CORPORATION US FDX 185 $48,288.70
FHLM POOL A92889 4.50000 07/01/2040 US 491,653.09 $479,930.57
FHLM POOL C91762 4.50000 05/01/2034 US 273,238.15 $268,345.11
FHLM POOL C91771 4.50000 06/01/2034 US 4,459.35 $4,379.51
FHLM POOL C91780 4.50000 07/01/2034 US 6,323.6 $6,215.42
FHLM POOL FG 08772 4.50000 07/01/2047 US 57,221.66 $55,368.02
FHLM POOL G03781 6.00000 01/01/2038 US 61,711.96 $64,804.61
FHLM POOL G03926 6.00000 02/01/2038 US 85,354.75 $89,632.24
FHLM POOL G05900 6.00000 03/01/2040 US 47,172.08 $49,536.07
FHLM POOL G05906 6.00000 04/01/2040 US 42,004.56 $44,109.58
FHLM POOL G13331 5.50000 10/01/2023 US 6.55 $6.53
FHLM POOL SD8230 4.50000 06/01/2052 US 2,405,311.72 $2,282,518.08
FHR 5189 CP 2.50000 06/25/2049 US 2,117,835.03 $1,793,854.96
FIFTH THIRD BANCORP US FITB 950 $25,222.50
FINECOBANK SPA IT FBK IM 17,766 $242,815.53
FLAGSHIP COMMUNITIES REIT UT US MHC/U CN 6,916 $110,656.00
FLX 2021-1A A2 3.25000 11/27/2051 US 2,100,000 $1,833,290.55
FMC CORP US FMC 29,840 $2,573,103.20
FN DS2696 3.00000 12/01/2051 US 2,569,188.53 $2,236,196.88
FN FS4925 MTGE 3.50000 04/01/2052 US 2,321,498 $2,100,450.72
FN MA4020 MTGE 3.00000 05/01/2050 US 3,346,372.66 $2,912,650.44
FN MA4733 4.50000 09/01/2052 US 1,283,150.59 $1,217,658.48
FN MA4807 MTGE 5.50000 11/01/2052 US 1,180,782.27 $1,168,146.77
FN MA4868 MTGE 5.00000 01/01/2053 US 1,928,725.74 $1,870,459.63
FN MA4934 MTGE 5.00000 02/01/2043 US 2,826,835.17 $2,770,195.85
FNR 2018-31 KP 3.50000 07/25/2047 US 22,941.93 $22,075.91
FNR 2021-69 WJ 1.50000 10/25/2050 US 886,271.92 $732,206.95
FR SD1360 MTGE 5.50000 07/01/2052 US 2,954,231.54 $2,921,438.74
GENERAL DYNAMICS CORP US GD 288 $65,272.32
GENERAL MLS INC US GIS 692 $46,820.72
GENUINE PARTS CO US GPC 220 $33,820.60
GETTY REALTY CORP US GTY 3,688 $110,713.76
GILEAD SCIENCES INC US GILD 1,154 $88,257.92
GLOBANT SA LU GLOB 559 $114,298.73
GNR 2017-54 AH MTGE 2.60000 12/16/2056 US 288,023.69 $259,604.83
GOLDEN PEAR FUND HOLDCO 10.00000 03/02/2028 US 230,000 $206,627.12
GOODG 2020-1A MTGE 2.63000 04/15/2055 US 993,605.85 $819,174.96
GREENIDGE GEN HLD INC US 10,000 $53,100.00
GSMBS 2021-INV1 A9 5.00000 12/25/2051 US 1,160,865.97 $1,058,014.41
GSMBS 2021-PJ6 A8 2.50000 11/25/2051 US 912,289.78 $774,887.83
GSMBS 2021-PJ9 A8 2.50000 02/26/2052 US 938,825.29 $796,805.51
HALLIBURTON CO US HAL 867 $33,483.54
HALMA PLC GB HLMA LN 4,411 $119,575.34
HARTFORD FINL SVCS US HIG 322 $23,126.04
HAWAII ST 2.68200 10/01/2038 US 1,835,000 $1,349,920.17
HDFC BANK LTD-ADR IN HDB 4,324 $269,428.44
HEALTHCARE REALTY TRUST INC US HR 4,382 $76,772.64
HEINEKEN NV NL HEIA NA 3,023 $293,867.15
HEINEKEN NV-SPN ADR NL HEINY 66,887 $3,258,065.77
HELIOS TOWERS PLC GB HTWS LN 67,482 $77,920.67
HOME DEPOT INC US HD 627 $207,098.10
HONEYWELL INTERNATIONAL INC US HON 560 $105,246.40
HUNTINGTON BANCSHARES US HBAN 1,845 $20,461.05
HWIRE 2021-1 A2 2.31100 11/20/2051 US 1,950,000 $1,721,521.43
IDEXX LABORATORIES INC US IDXX 3,667 $1,875,340.47
IIP OPERATING PARTNER 5.50000 05/25/2026 US 490,000 $434,126.73
IMCD NV NL IMCD NA 690 $95,035.24
IMPRL 2021-NQM3 1.59500 11/25/2056 US 1,049,680.24 $848,686.97
INTERCONTINENTALEXCHANGE INC US ICE 11,622 $1,371,279.78
INTERMEDIATE CAPITAL GROUP GB ICP LN 6,071 $103,750.96
INTERNATIONAL BUSINESS MACH CORP US IBM 541 $79,435.03
INTERNATIONAL FLVRS & FRAGRANCES US IFF 304 $21,416.80
INTUIT INC US INTU 2,764 $1,497,562.84
INTUITIVE SURGICAL INC US ISRG 4,118 $1,287,616.24
INVITATION HOMES INC US INVH 8,020 $273,401.80
ITALY GOV'T INT BOND 2.37500 10/17/2024 IT 380,000 $365,444.87
JM SMUCKER CO/THE-NEW COM WI US SJM 180 $26,091.00
JOHNSON & JOHNSON US JNJ 26,599 $4,300,526.32
JP MORGAN CHASE & CO US JPM 1,472 $215,397.76
JPMMT 2014-2 1A1 3.00000 06/25/2029 US 190,181.12 $177,602.79
JPMMT 2017-2 A3 3.50000 05/25/2047 US 12,482.22 $10,879.26
JPMORGAN CHASE & CO 4.49300 03/24/2031 US 3,140,000 $2,978,079.84
KELLOGG CO US K 346 $21,112.92
KEYENCE CORP JP 6861 JP 400 $166,068.73
KEYWORDS STUDIOS PLC IE KWS LN 3,952 $76,347.50
KIMBERLY CLARK DE MEXICO S.A.B. MX KIMBERA MM 48,600 $109,453.68
KRAFT HEINZ CO/THE US KHC 965 $31,931.85
L'OREAL FR OR FP 114 $50,072.47
L3HARRIS TECHNOLOGIES INC US LHX 18,269 $3,253,526.21
LEXINGTON REALTY TRUST US LXP 14,287 $140,298.34
LOCKHEED MARTIN CORP US LMT 220 $98,637.00
LONZA GROUP AG -REG CH LONN SW 179 $98,734.84
LULULEMON - ADR CA LULU 544 $207,405.44
MARATHON OIL CORP US MRO 713 $18,787.55
MARATHON PETROLEUM CORP US MPC 451 $64,389.27
MARRIOTT VACATIONS WORLD US VAC 642 $69,778.98
MASCO CORP US MAS 45,421 $2,680,293.21
MASTERCARD INC-CLASS A US MA 12,067 $4,979,326.88
MEDTRONIC INC IE MDT 38,609 $3,146,633.50
MERCADOLIBRE INC BR MELI 172 $236,045.92
MERCK & CO INC US MRK 1,648 $179,599.04
META PLATFORMS INC US META 17,752 $5,252,639.28
MEX BONOS DESARR FIX RT 7.75000 05/29/2031 MX 1,081,000 $57,916.75
MICROCHIP TECHNOLOGY INC US MCHP 540 $44,193.60
MICRON TECHNOLOGY INC US MU 61,519 $4,302,638.86
MICROSOFT CORP US MSFT 6,507 $2,132,734.32
MID-AMERICA APARTMENT COMM US MAA 954 $138,549.42
MONARCH CASINO & RESORT INC US MCRI 1,711 $115,321.40
MONDELEZ INTERNATIONAL INC US MDLZ 18,352 $1,307,763.52
MOODY'S CORPORATION US MCO 6,822 $2,297,649.60
NAVIENT CORP 6.75000 06/25/2025 US 475,000 $472,664.53
NESTLE S.A. - ADR CH NSRGY 27,778 $3,336,971.14
NESTLE SA-REGISTERED CH NESN SW 3,224 $387,651.89
NETAPP INC US NTAP 354 $27,151.80
NEWCASTLE COAL INFRASTRU 4.40000 09/29/2027 AU 1,277,769.41 $1,155,110.82
NIKE INC CLASS B US NKE 11,799 $1,200,076.29
NORFOLK SOUTHN CORP US NSC 215 $44,077.15
NORTHROP GRUMMAN CORP US NOC 4,922 $2,131,668.98
NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 CA 497,000 $49.70
NOVARTIS AG- REG CH NVS 16,329 $1,640,737.92
NRG 7.467 07/31/28 CORP 7.46700 07/31/2028 US 1,060,000 $1,073,811.99
NRZT 2014-3A AFX3 3.75000 11/25/2054 US 249,365.14 $226,413.52
NRZT 2015-2A A1 3.75000 08/25/2055 US 293,534.92 $270,711.08
NRZT 2016-4A A1 3.75000 11/25/2056 US 337,642.95 $307,331.90
NSLT 2012-3A A MTGE FLT 6.10206 03/26/2040 US 190,479.71 $188,615.01
OASIS 2022-2A A 6.85000 10/15/2034 US 630,947.25 $629,544.09
OASIS 2023-1A 7.00000 02/15/2035 US 893,227.82 $888,928.45
ODFJELL DRILLING LTD 9.25000 05/31/2028 BM 400,000 $405,289.93
OMNICOM GROUP US OMC 329 $26,652.29
OXFIN 2019-1A A2 4.45900 02/15/2027 US 8,908.53 $8,860.32
OXFIN 2020-1A A2 3.10100 02/15/2028 US 363,244 $350,016.72
OXFIN 2022-1A 3.60200 02/15/2030 US 1,925,000 $1,778,010.66
OXFIN 2023-1A A2 6.71600 02/15/2031 US 2,170,000 $2,139,565.32
PACKAGING CORP OF AMERICA US PKG 139 $20,724.90
PALOMINO FUNDING TRUST I 7.23300 05/17/2028 US 2,170,000 $2,198,433.14
PARAMOUNT GLOBAL CLASS B US PARA 913 $13,777.17
PCG 2023 1 NOTE MTG 11.31495 07/25/2029 US 3,299,021.93 $3,299,021.93
PEAR 2021-1 A MTGE 2.60000 01/15/2034 US 1,474,078.13 $1,402,223.16
PEAR 2022-1 A1 6.50000 10/15/2034 US 142,649.85 $142,578.27
PEAR 2023-1A 7.42000 07/15/2035 US 947,547.1 $946,272.36
PEPSICO INC 3.90000 07/18/2032 US 2,360,000 $2,238,407.07
PFIZER INC US PFE 3,081 $109,005.78
PFMT 2021 -INV1 A1 2.50000 08/25/2051 US 1,818,610.52 $1,446,833.61
PFMT 2021-2 A2A 2.00000 04/25/2051 US 1,112,017.92 $930,217.32
PHILLIPS 66 US PSX 360 $41,097.60
PHYSICIANS REALTY TRUST US DOC 5,812 $80,844.92
PMTLT 2013-J1 a9 3.50000 09/25/2043 US 278,443.87 $246,073.14
PPG INDUSTRIES INC US PPG 246 $34,872.96
PROLOGIS US PLD 7,427 $922,433.40
PUBLIC STORAGE INC US PSA 1,244 $343,816.72
QUALCOMM INC US QCOM 904 $103,535.12
QUALCOMM INC 4.25000 05/20/2032 US 2,250,000 $2,159,834.51
QUEST DIAGNOSTICS INC US DGX 194 $25,511.00
RAYTHEON TECHNOLOGIES CORP US RTX 940 $80,877.60
RCKT 2021-6 A1 2.50000 12/25/2051 US 1,197,848.08 $945,346.50
REALTY INCOME CORP US O 3,559 $199,446.36
REGIONS FINANCIAL CORP. US RF 1,434 $26,299.56
RENAISSANCERE HOLDINGS LTD BM RNR 1,154 $216,825.06
RENTOKIL INITIAL PLC GB RTO LN 37,542 $285,824.96
RENTOKIL INITIAL PLC-SP ADR GB RTO 37,218 $1,412,423.10
REXFORD INDUSTRIAL REALITY IN US REXR 3,071 $164,206.37
S&P GLOBAL INC US SPGI 2,244 $877,089.84
SALESFORCE INC US CRM 6,021 $1,333,410.66
SBA COMMUNICATIONS CORP US SBAC 1,603 $359,921.59
SBA TOWER TRUST 1.88400 01/15/2026 US 520,000 $469,474.67
SBA TOWER TRUST 6.59900 01/15/2028 US 1,960,000 $1,989,902.54
SCHLUMBERGER LTD NL SLB 1,003 $59,136.88
SCML 2019-SBC8 2.86000 04/25/2041 US 147,792.69 $135,161.51
SEMT 2013-2 1.87400 02/25/2043 US 224,415.28 $186,443.74
SEMT 2013-6 A2 3.00000 05/25/2043 US 434,346.87 $373,238.46
SEMT 2013-7 A2 3.00000 06/25/2043 US 150,724 $131,140.98
SEMT 2013-8 A1 3.00000 06/25/2043 US 184,397.97 $159,602.35
SEMT 2017-6 A19 MTGE 3.50000 09/25/2047 US 77,885.81 $68,755.16
SEMT 2020-1 A1 3.50000 02/25/2050 US 74,477.7 $65,223.64
SERVICENOW INC US NOW 4,684 $2,758,079.72
SIMON PROPERTY GROUP LP 2.65000 02/01/2032 US 4,230,000 $3,401,808.98
SKYWORKS SOLUTIONS INC US SWKS 212 $23,052.88
SLMA 2005-7 A4 FLT 5.46614 10/25/2029 US 129,968.41 $129,598.66
SOFI 2018-B A2FX MTGE 3.34000 08/25/2047 US 216,190.38 $210,067.93
SONY CORP FIRST SECTION JP 6758 JP 2,300 $191,342.78
SORT 2020-1 A1 MTGE 1.69000 07/15/2060 US 921,938.3 $833,443.56
SOUTH CAROLINA ST PUBLIC SVC 2.32900 12/01/2028 US 955,000 $815,825.54
SRPT 2014-STAR A FLTG RATE 8.50000 11/15/2027 US 1,745,456.34 $1,245,111.58
STAG INDUSTRIAL INC US STAG 2,267 $82,813.51
SUN COMMUNITIES US SUI 2,670 $326,861.40
SYNCHRONOSS TECH US 10,117 $185,141.10
SYSCO CORP US SYY 438 $30,506.70
TAIWAN SEMICONDUCTOR - SP ADR TW TSM 24,078 $2,252,978.46
TE CONNECTIVITY LIMITED CH TEL 325 $43,026.75
TECHTRONIC INDUSTRIES CO LTD HK 669 HK 14,500 $143,008.93
TENCENT HOLDINGS 3.97500 04/11/2029 KY 4,720,000 $4,347,047.60
TENCENT HOLDINGS LTD CN 700 HK 6,400 $265,218.35
TERRENO REALTY CORP US TRNO 2,520 $153,442.80
TEXAS INSTRUMENTS INC US TXN 570 $95,794.20
THERMO FISHER SCIENTIFIC INC US TMO 2,641 $1,471,301.10
TOKYO ELECTRON LTD JP 8035 JP 900 $133,673.10
TPMT 2016-5 A1 2.50000 10/25/2056 US 91,612.84 $90,312.84
TPMT 2017-1 A1 2.75000 10/25/2056 US 58,287.73 $57,561.36
TPMT 2019-HY1 A1 6.42943 10/25/2048 US 260,521.16 $259,775.57
TRAVELLERS COS INC US TRV 281 $45,305.63
TREASURY BOND 2.37500 02/15/2042 US 13,955,000 $10,385,572.66
TREASURY NOTE 2.25000 11/15/2027 US 15,590,000 $14,334,274.30
TRUIST FINANCIAL CORP US TFC 1,092 $33,360.60
TSY INFL IX N/B 0.12500 01/15/2031 US 4,664,838.6 $4,086,653.69
TSY INFL IX N/B 0.50000 04/15/2024 US 8,366,631 $8,187,307.83
TSY INFL IX N/B 2.37500 01/15/2027 US 3,269,484.95 $3,269,375.36
TYSON FOODS INC -CL A US TSN 447 $23,811.69
U.S. BANCORP US USB 1,471 $53,735.63
UDR INC US UDR 5,238 $208,996.20
UNILEVER PLC - ADR GB UL 74,038 $3,777,418.76
UNION PAC CORP US UNP 6,692 $1,476,054.44
UNITED AIR 2018-1 B PTT 4.60000 03/01/2026 US 70,210.35 $66,336.10
UNITED AIR 2019-2 B PTT 3.50000 05/01/2028 US 389,716.92 $351,477.60
UNITED PARCEL SERVICE US UPS 545 $92,323.00
US CLAIMS LIT FNDG LLC 10.25000 03/17/2028 US 250,000 $229,194.26
US TEASURY NOTE 1.75000 11/15/2029 US 16,380,000 $14,245,481.25
US TREASURY N/B 0.87500 11/15/2030 US 13,115,000 $10,500,196.88
US TREASURY N/B 2.00000 11/15/2026 US 11,245,000 $10,410,410.16
US TREASURY N/B 3.12500 11/15/2028 US 2,682,000 $2,539,099.69
US TREASURY N/B 4.12500 11/15/2032 US 8,217,000 $8,215,716.09
VALERO ENERGY US VLO 285 $37,021.50
VENTAS INC US VTR 2,597 $113,436.96
VERTEX PHARMACEUTICALS INC US VRTX 4,770 $1,661,581.80
VISA INC - CLASS A SHARES US V 14,100 $3,464,088.00
WARNERMEDIA HOLDINGS INC 4.05400 03/15/2029 US 2,990,000 $2,748,421.22
WELLS FARGO COMPANY US WFC 2,077 $85,759.33
WELLTOWER INC. US WELL 2,700 $223,776.00
WIN 2015-1 A1 3.50000 01/20/2045 US 77,569.8 $69,234.18

Investments will change over time.

Distributions

  • Pro-Blend® Moderate Term Series Class I Distribution History
  • 2023 Distribution Calendar
  • 2023 Distributions
  • Tax Letter
  • Target 2020 Merger into Pro Blend Moderate
  • Target 2025 Merger into Pro Blend Moderate
  • Pro-Blend Moderate Series Stock Split

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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