Mutual Funds

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

$13.84

Daily $ Change

$0.08

Daily % Change

0.58%

as of 04/23/2024

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 03/31/2024

YTD

1.88%

1 Year

8.29%

3 Year

1.18%

5 Year

5.65%

10 Year

4.39%

Inception
(03/28/2008)

6.39%

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 0.90%
Net 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 03/31/2024

TREASURY NOTES 14.45%
GOVERNMENT AGENCY 11.32%
TREASURY BONDS 5.19%
ISHARES BROAD USD HIGH YIELD 2.43400 2.83%
AMAZON.COM INC 2.07%
ALPHABET INC-CL A 1.60%
MASTERCARD INC-CLASS A 1.45%
TENCENT HOLDINGS 3.97500 04/11/2029 1.36%
TAIWAN SEMICONDUCTOR - SP ADR 1.32%
TSY INFL IX N/B 0.12500 01/15/2031 1.27%

This investment list is unaudited and excludes cash.

Asset Allocation

As of 03/31/2024

Bonds
61.56%
Stocks
36.48%
Cash
1.96%

Detailed Asset Class Allocation

As of 03/31/2024

International Equities
10.98%
Small Capitalization
0.22%
Mid Capitalization
2.17%
Large Capitalization
23.10%
Long Term Fixed Income
14.50%
Intermediate Term Fixed Income
41.12%
Short Term Fixed Income
5.95%
Cash
1.96%

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)
ADMIRAL GROUP PLC GB ADM LN 10,050 $360,169.24
ADMIRAL GROUP PLC ADR GB AMIGY 37,021 $1,325,351.80
AERCAP IRELAND CAP/GLOBA 3.00000 10/29/2028 IE 1,260,000 $1,141,388.59
AGREE REALTY CORP US ADC 3,236 $184,840.32
AIR LIQUIDE FR AI FP 1,170 $243,416.98
AIRBUS SE FR AIR FP 1,643 $302,687.93
ALASKA AIR 2020-1 CL B 8.00000 08/15/2025 US 84,733.28 $86,258.55
ALCON INC CH ALC 19,178 $1,597,335.62
ALIBAB GROUP HOLDINGS 2.12500 02/09/2031 KY 600,000 $498,799.75
ALIBABA GROUP HOLDING 4.00000 12/06/2037 KY 2,860,000 $2,484,598.80
ALPHABET INC-CL A US GOOGL 34,887 $5,265,494.91
AMAZON.COM INC US AMZN 37,886 $6,833,876.68
AMAZON.COM INC 3.30000 04/13/2027 US 685,000 $659,000.44
AMERICAN HOMES 4 RENT- A US AMH 5,219 $191,954.82
AMERICAN TOWER REIT INC US AMT 1,209 $238,886.31
AMERICOLD REALTY TRUST US COLD 4,169 $103,891.48
ASHTEAD CAPITAL INC 4.00000 05/01/2028 US 1,220,000 $1,147,251.50
ASTRAZENECA GB AZN 46,343 $3,139,738.25
ATLASSIAN CORP PLC-CLASS A AU TEAM 612 $119,407.32
AUCKLAND INTL AIRPORT LTD NZ AIA NZ 34,266 $170,943.05
AUTO TRADER GROUP PLC GB AUTO LN 21,783 $192,363.80
AVALONBAY COMMUNITIES INC US AVB 1,424 $264,237.44
AVANZA BANK HOLDING AB SE AZA SS 4,350 $93,772.98
BABS 2021-RM2 A 1.75000 10/25/2061 US 1,188,880.03 $1,058,662.71
BAE SYSTEMS PLC GB BA/ LN 12,509 $213,221.26
BAE SYSTEMS PLC -SPON ADR GB BAESY 18,054 $1,252,044.90
BANK OF AMERICA CORP 2.68700 04/22/2032 US 1,990,000 $1,683,480.08
BEIERSDORF AG DE BEI GR 1,985 $289,010.38
BIOMARIN PHARMACEUTICAL INC US BMRN 23,828 $2,081,137.52
BNSF FUNDING TRUST I 6.61300 12/15/2055 US 1,140,000 $1,132,076.52
BORR IHC LTD 10.00000 11/15/2028 MUL 330,000 $344,570.93
BRENNTAG AG DE BNR GR 1,338 $112,768.03
BROOGE PETROLEUM AND GAS 8.50000 09/24/2025 AE 350,203 $246,715.75
CANADIAN NATIONAL RAILWAY CO CA CNI 17,879 $2,354,843.09
CAPITAL ONE FINANCIAL CO 5.70000 02/01/2030 US 2,190,000 $2,208,404.21
CBSLT 2019-AGS A1 MTGE 2.54000 01/25/2047 US 519,536.15 $466,348.51
CELLNEX TELECOM SA ES CLNX SM 6,683 $236,409.14
CELLNEX TELECOM SAU-UNSP ADR ES CLLNY 5,841 $102,918.42
CENOVUS ENERGY INC 6.75000 11/15/2039 CA 1,530,000 $1,689,366.27
CIM 2019-INV1 A1 4.00000 02/25/2049 US 32,495.6 $30,904.73
CITIGROUP INC 1.46200 06/09/2027 US 1,850,000 $1,699,720.15
CLARK CNTY NV 1.51000 11/01/2028 US 2,530,000 $2,179,983.58
CLEANAWAY WASTE MANAGEMENT AU CWY AU 127,069 $225,150.03
CMLTI 2021-INV1 2.50000 05/25/2051 US 614,709.69 $496,103.93
COCA COLA CO/THE US KO 64,965 $3,974,558.70
COLO 2023 - 1A A2 MTGE 5.11600 02/25/2053 US 1,600,000 $1,522,607.66
CONSTELLATION BRANDS INC-A US STZ 7,230 $1,964,824.80
COPART INC US CPRT 38,046 $2,203,624.32
CROWN CASTLE INTL CORP US CCI 1,057 $111,862.31
CSMC 2013-7 A6 3.50000 08/25/2043 US 126,484.45 $114,552.00
CSMC 2013-IVR2 A2 3.00000 04/25/2043 US 273,774.3 $240,070.43
CSMC 2013-IVR3 A1 2.50000 05/25/2043 US 251,439.55 $217,013.34
CSMC 2013-TH1 A1 2.13000 02/25/2043 US 142,599.2 $118,743.82
CSMC 2014-IVR3 A1 3.50000 07/25/2044 US 49,737.67 $45,229.90
CSX CORP US CSX 51,661 $1,915,073.27
DEUTSCHE BOERSE AG DE DB1 GR 1,898 $388,691.32
DEUTSCHE BOERSE AG ADR DE DBOEY 91,456 $1,868,446.08
DIAGEO PLC GB DGE LN 2,674 $98,943.93
DIGITAL REALTY TRUST INC US DLR 803 $115,664.12
DIGITALBRIDGE GROUP INC US DBRG 5,558 $107,102.66
DOLLARAMA INC CA DOL CN 2,060 $156,931.38
ELECTRONIC ARTS US EA 22,390 $2,970,481.30
ENERGY TRANSFER LP 7.37500 02/01/2031 US 1,025,000 $1,074,398.93
ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 US 1,520,000 $1,615,318.23
EQUINIX INC US EQIX 1,165 $961,509.45
EQUITY COMMONWEALTH US EQC 5,116 $96,590.08
EQUITY LIFESTYLE PROPERTIES US ELS 3,438 $221,407.20
EQUITY RESIDENTIAL US EQR 2,119 $133,730.09
EVERGY INC US EVRG 38,621 $2,061,588.98
EXPERIAN PLC IE EXPN LN 4,534 $197,559.76
EXTRA SPACE STORAGE INC US EXR 1,472 $216,384.00
FEDERAL NATL MTG ASSN 889576 6.00000 04/01/2038 US 149,937.72 $156,657.31
FEDERAL NATL MTG ASSN 995196 6.00000 07/01/2038 US 307,547.08 $321,336.21
FEDERAL NATL MTG ASSN AD0207 6.00000 10/01/2038 US 53,292.21 $55,680.55
FEDERAL NATL MTG ASSN AD0220 6.00000 10/01/2038 US 17,234.88 $18,007.62
FEDERAL NATL MTG ASSN AD0462 5.50000 10/01/2024 US 162.4 $161.48
FEDERAL NATL MTG ASSN AL0152 6.00000 06/01/2040 US 294,709.6 $307,917.26
FEDERAL NATL MTG ASSN AL1595 6.00000 01/01/2040 US 205,187.9 $214,383.57
FEDERAL NATL MTG ASSN AL7068 4.50000 09/01/2042 US 90,498.34 $88,874.00
FEDERAL NATL MTG ASSN AL8674 FLT 5.64300 01/01/2049 US 746,365.56 $769,480.11
FEDERAL NATL MTG ASSN AX5234 4.50000 11/01/2044 US 324,227.58 $316,848.60
FEDERAL NATL MTG ASSN BD1381 3.50000 06/01/2046 US 50,892.27 $46,497.64
FEDERAL NATL MTG ASSN BE7845 4.50000 02/01/2047 US 55,234.24 $53,719.49
FEDERAL NATL MTG ASSN BW1194 4.00000 09/01/2052 US 2,006,042.69 $1,859,186.16
FEDERAL NATL MTG ASSN FN FS1179 3.50000 12/01/2049 US 2,017,493.86 $1,838,933.91
FEDERAL NATL MTG ASSN FN MA3412 3.50000 07/01/2038 US 268,713.53 $253,161.44
FEDERAL NATL MTG ASSN FN MA3463 4.00000 09/01/2033 US 298,872.34 $291,598.25
FEDERAL NATL MTG ASSN FN MA4687 4.00000 06/01/2042 US 2,071,214.75 $1,960,607.86
FEDERAL NATL MTG ASSN FR ZS4751 3.50000 01/01/2048 US 111,872.85 $101,971.45
FEDERAL NATL MTG ASSN MA0258 4.50000 12/01/2039 US 273,721.31 $268,808.34
FEDERAL NATL MTG ASSN MA1834 4.50000 02/01/2034 US 210,227.25 $207,209.32
FEDERAL NATL MTG ASSN MA1903 4.50000 05/01/2034 US 154,442.75 $152,228.76
FEDERAL NATL MTG ASSN MA4644 4.00000 05/01/2052 US 2,240,968.45 $2,076,913.69
FEDERAL NATL MTG ASSN SD8276 5.00000 12/01/2052 US 1,781,378.38 $1,740,283.16
FEDERAL NATL MTG FN MA4203 2.50000 12/01/2040 US 1,901,409.68 $1,664,974.63
FHLM POOL A92889 4.50000 07/01/2040 US 475,633.47 $467,288.34
FHLM POOL C91762 4.50000 05/01/2034 US 251,529.94 $248,236.10
FHLM POOL C91771 4.50000 06/01/2034 US 4,194.99 $4,140.23
FHLM POOL C91780 4.50000 07/01/2034 US 5,949.15 $5,871.02
FHLM POOL FG 08772 4.50000 07/01/2047 US 54,871.7 $53,322.93
FHLM POOL G03781 6.00000 01/01/2038 US 55,392.74 $57,949.33
FHLM POOL G03926 6.00000 02/01/2038 US 78,946.92 $82,590.62
FHLM POOL G05900 6.00000 03/01/2040 US 45,163.34 $47,247.80
FHLM POOL G05906 6.00000 04/01/2040 US 39,387.97 $41,205.87
FHLM POOL SD8230 4.50000 06/01/2052 US 2,310,621.47 $2,206,377.53
FHR 5189 CP 2.50000 06/25/2049 US 2,021,942.28 $1,724,861.58
FINECOBANK SPA IT FBK IM 6,961 $104,253.49
FIRST INDUSTRIAL REALTY TR US FR 1,413 $74,239.02
FLAGSHIP COMMUNITIES REIT UT US MHC/U CN 7,011 $120,729.42
FLX 2021-1A A2 3.25000 11/27/2051 US 2,100,000 $1,903,236.49
FN DS2696 3.00000 12/01/2051 US 2,447,739.43 $2,133,955.12
FN FS4339 MTGE 3.00000 12/01/2050 US 2,464,033.37 $2,157,697.45
FN FS4925 MTGE 3.50000 04/01/2052 US 2,200,274.18 $1,994,353.31
FN MA4020 MTGE 3.00000 05/01/2050 US 3,199,376.23 $2,789,236.96
FN MA4733 4.50000 09/01/2052 US 1,240,960.12 $1,183,934.06
FN MA4807 MTGE 5.50000 11/01/2052 US 1,130,646.56 $1,127,105.84
FN MA4868 MTGE 5.00000 01/01/2053 US 1,866,932.24 $1,823,863.35
FN MA4934 MTGE 5.00000 02/01/2043 US 2,657,067.99 $2,635,451.55
FNR 2018-31 KP 3.50000 07/25/2047 US 21,382.32 $20,804.51
FNR 2021-69 WJ 1.50000 10/25/2050 US 854,307.76 $709,113.97
FR SD1360 MTGE 5.50000 07/01/2052 US 2,810,336.69 $2,803,887.81
GLOBANT SA LU GLOB 822 $165,961.80
GNR 2017-54 AH MTGE 2.60000 12/16/2056 US 204,753.77 $185,410.86
GOLDEN PEAR FUND HOLDCO 10.00000 03/02/2028 US 230,000 $193,608.06
GOODG 2020-1A MTGE 2.63000 04/15/2055 US 903,667.61 $743,391.59
GOODMAN GROUP AU GMG AU 5,031 $110,819.37
GSMBS 2021-INV1 A9 5.00000 12/25/2051 US 1,121,972.41 $1,036,962.24
GSMBS 2021-PJ6 A8 2.50000 11/25/2051 US 877,277 $772,407.05
GSMBS 2021-PJ9 A8 2.50000 02/26/2052 US 880,400.03 $758,757.55
HALMA PLC GB HLMA LN 10,114 $302,007.88
HAWAII ST 2.68200 10/01/2038 US 1,835,000 $1,422,416.47
HDFC BANK LTD-ADR IN HDB 51,290 $2,870,701.30
HEINEKEN NV NL HEIA NA 3,518 $339,162.07
HEINEKEN NV-SPN ADR NL HEINY 66,887 $3,232,648.71
HELIOS TOWERS PLC GB HTWS LN 68,833 $81,998.70
HUMANA INC US HUM 3,500 $1,213,520.00
HWIRE 2021-1 A2 2.31100 11/20/2051 US 1,950,000 $1,763,515.46
IIP OPERATING PARTNER 5.50000 05/25/2026 US 490,000 $468,243.01
IMCD NV NL IMCD NA 1,783 $313,825.99
IMPRL 2021-NQM3 1.59500 11/25/2056 US 970,777.11 $805,834.86
INFRABUILD AUTRALIA PTY 14.50000 11/15/2028 AU 335,000 $347,411.65
INTERCONTINENTALEXCHANGE INC US ICE 13,633 $1,873,583.19
INTERMEDIATE CAPITAL GROUP GB ICP LN 7,952 $205,968.61
INTUITIVE SURGICAL INC US ISRG 3,388 $1,352,116.92
INVITATION HOMES INC US INVH 9,065 $322,804.65
ISHARES BROAD USD HIGH YIELD 2.43400 US 255,055 $9,332,462.45
ITALY GOV'T INT BOND 2.37500 10/17/2024 IT 380,000 $373,424.89
JAPAN (2 YEAR ISSUE) 0.10000 01/01/2026 JP 165,000,000 $1,088,631.75
JOHNSON & JOHNSON US JNJ 25,474 $4,029,732.06
JPMMT 2014-2 1A1 3.00000 06/25/2029 US 159,569.95 $152,935.85
JPMMT 2017-2 A3 3.50000 05/25/2047 US 11,876.93 $10,585.26
JPMORGAN CHASE & CO 4.49300 03/24/2031 US 3,140,000 $3,036,920.65
KEYENCE CORP JP 6861 JP 500 $232,130.46
KEYWORDS STUDIOS PLC IE KWS LN 7,785 $127,932.41
L'OREAL FR OR FP 114 $53,987.17
L3HARRIS TECHNOLOGIES INC US LHX 18,638 $3,971,757.80
LEXINGTON REALTY TRUST US LXP 22,981 $207,288.62
LONZA GROUP AG -REG CH LONN SW 473 $282,664.11
LONZA GROUP AG ADR CH LZAGY 5,933 $355,446.03
MARRIOTT VACATIONS WORLD US VAC 902 $97,172.46
MASCO CORP US MAS 16,478 $1,299,784.64
MASSMUTUAL GLOBAL FUNDING 4.85000 01/17/2029 US 530,000 $527,334.24
MASTERCARD INC-CLASS A US MA 9,910 $4,772,358.70
MEDTRONIC INC IE MDT 17,825 $1,553,448.75
MERCADOLIBRE INC BR MELI 142 $214,698.32
MET LIFE GLOB FUNDING I 4.85000 01/08/2029 US 530,000 $526,176.06
META PLATFORMS INC US META 6,867 $3,334,477.86
MEX BONOS DESARR FIX RT 7.75000 05/29/2031 MX 1,081,000 $59,932.76
MICRON TECHNOLOGY INC US MU 31,728 $3,740,413.92
MICROSOFT CORP US MSFT 4,477 $1,883,563.44
MID-AMERICA APARTMENT COMM US MAA 584 $76,842.72
MONARCH CASINO & RESORT INC US MCRI 1,692 $126,883.08
MONDELEZ INTERNATIONAL INC US MDLZ 18,352 $1,284,640.00
MOODY'S CORPORATION US MCO 6,822 $2,681,250.66
NAVIENT CORP 6.75000 06/25/2025 US 475,000 $478,029.86
NESTLE S.A. - ADR CH NSRGY 27,778 $2,950,023.60
NESTLE SA-REGISTERED CH NESN SW 2,739 $291,018.64
NEW FORTRESS ENERGY INC 8.75000 03/15/2029 US 335,000 $333,849.54
NEW YORK LIFE GLOBAL FDG 4.70000 01/29/2029 US 530,000 $524,472.85
NEWCASTLE COAL INFRASTRU 4.40000 09/29/2027 AU 1,275,844.81 $1,207,201.88
NORTHROP GRUMMAN CORP US NOC 4,360 $2,086,957.60
NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 CA 497,000 $4.97
NOVARTIS AG- REG CH NVS 16,329 $1,579,504.17
NRG 7.467 07/31/28 CORP 7.46700 07/31/2028 US 1,060,000 $1,120,712.20
NRZT 2014-3A AFX3 3.75000 11/25/2054 US 227,283.79 $212,045.21
NRZT 2015-2A A1 3.75000 08/25/2055 US 260,952.6 $242,435.17
NRZT 2016-4A A1 3.75000 11/25/2056 US 305,157.47 $283,317.38
NSLT 2012-3A A MTGE FLT 6.13487 03/26/2040 US 158,226.89 $157,409.97
OASIS 2022-2A A 6.85000 10/15/2034 US 365,869.38 $364,753.73
OASIS 2023-1A 7.00000 02/15/2035 US 582,195.89 $581,100.20
OBX 2024-NQM1 A1 5.92800 11/25/2063 US 1,036,286.07 $1,036,681.53
OPEN INFRA IS ASSETS AB 11.00000 02/22/2027 US 400,000 $398,010.42
OXFIN 2020-1A A2 3.10100 02/15/2028 US 257,959.71 $250,578.37
OXFIN 2022-1A 3.60200 02/15/2030 US 1,924,183.03 $1,838,308.28
OXFIN 2023-1A A2 6.71600 02/15/2031 US 2,170,000 $2,186,913.85
OXFINF 2024-A A2 6.67500 01/14/2032 US 165,000 $163,993.60
PALOMINO FUNDING TRUST I 7.23300 05/17/2028 US 2,170,000 $2,275,938.25
PCG 2023 1 NOTE MTG 11.32941 07/25/2029 US 3,294,711.54 $3,294,218.49
PEAR 2021-1 A MTGE 2.60000 01/15/2034 US 1,128,773.4 $1,090,385.17
PEAR 2023-1A 7.42000 07/15/2035 US 833,101.48 $842,013.50
PEAR 2024-1 A 6.95000 02/15/2036 US 547,207.54 $548,042.09
PEPSICO INC 3.90000 07/18/2032 US 2,360,000 $2,236,451.55
PFMT 2021 -INV1 A1 2.50000 08/25/2051 US 1,769,623.3 $1,434,387.30
PFMT 2021-2 A2A 2.00000 04/25/2051 US 1,074,313.93 $899,903.70
PHILIP MORRIS INTERNATIONAL US PM 35,079 $3,213,937.98
PMTLT 2013-J1 a9 3.50000 09/25/2043 US 845,822.36 $767,323.80
PROLOGIS US PLD 6,710 $873,776.20
PUBLIC STORAGE INC US PSA 1,133 $328,637.98
QUALCOMM INC 4.25000 05/20/2032 US 2,250,000 $2,171,390.60
RCKT 2021-6 A1 2.50000 12/25/2051 US 1,166,947.68 $935,958.29
REALTY INCOME CORP US O 3,045 $164,734.50
REXFORD INDUSTRIAL REALITY IN US REXR 5,121 $257,586.30
S&P GLOBAL INC US SPGI 4,126 $1,755,406.70
SBA COMMUNICATIONS CORP US SBAC 1,624 $351,920.80
SBA TOWER TRUST 1.88400 01/15/2026 US 520,000 $485,492.49
SBA TOWER TRUST 6.59900 01/15/2028 US 1,960,000 $2,008,851.04
SCML 2019-SBC8 2.86000 04/25/2041 US 135,994.46 $126,281.06
SEMT 2013-2 1.87400 02/25/2043 US 213,953.24 $180,679.60
SEMT 2013-6 A2 3.00000 05/25/2043 US 399,854.1 $353,036.18
SEMT 2013-7 A2 3.00000 06/25/2043 US 143,684.34 $125,573.92
SEMT 2013-8 A1 3.00000 06/25/2043 US 173,409.55 $153,803.82
SEMT 2017-6 A19 MTGE 3.50000 09/25/2047 US 73,545.34 $64,794.06
SEMT 2020-1 A1 3.50000 02/25/2050 US 71,308.56 $63,861.91
SERVICENOW INC US NOW 1,620 $1,235,088.00
SIMON PROPERTY 2.25000 01/15/2032 US 945,000 $773,509.57
SIMON PROPERTY GROUP LP 2.65000 02/01/2032 US 3,190,000 $2,690,535.86
SIRIUSPOINT LTD 7.00000 04/05/2029 BM 1,045,000 $1,043,390.70
SOFI 2018-B A2FX MTGE 3.34000 08/25/2047 US 156,584.96 $153,135.68
SONY CORP FIRST SECTION JP 6758 JP 2,800 $240,102.04
SORT 2020-1 A1 MTGE 1.69000 07/15/2060 US 921,938.3 $861,977.65
SOUTH CAROLINA ST PUBLIC SVC 2.32900 12/01/2028 US 955,000 $845,436.06
SRPT 2014-STAR A FLTG RATE 8.50000 11/15/2027 US 1,745,456.34 $1,239,263.35
SUN COMMUNITIES US SUI 2,583 $332,122.14
TAIWAN SEMICONDUCTOR - SP ADR TW TSM 31,969 $4,349,382.45
TECHTRONIC INDUSTRIES CO LTD HK 669 HK 23,500 $319,314.83
TECHTRONIC INDUSTRIES-SP ADR HK TTNDY 19,726 $1,341,072.11
TENCENT HOLDINGS 3.97500 04/11/2029 KY 4,720,000 $4,486,499.66
TENCENT HOLDINGS LTD CN 700 HK 7,300 $284,334.59
TERRENO REALTY CORP US TRNO 3,400 $225,760.00
THERMO FISHER SCIENTIFIC INC US TMO 2,258 $1,312,372.18
TPMT 2016-5 A1 2.50000 10/25/2056 US 12,149.14 $12,098.07
TPMT 2017-1 A1 2.75000 10/25/2056 US 4,349.99 $4,331.60
TPMT 2019-HY1 A1 6.44389 10/25/2048 US 223,123.08 $226,391.14
TREASURY BOND 2.37500 02/15/2042 US 18,393,000 $13,702,785.00
TREASURY NOTE 2.25000 11/15/2027 US 7,820,000 $7,277,487.50
TSY INFL IX N/B 0.12500 01/15/2031 US 4,715,424.4 $4,202,149.37
TSY INFL IX N/B 2.37500 01/15/2027 US 3,304,946.96 $3,332,794.71
UDR INC US UDR 2,182 $81,628.62
UNION PAC CORP US UNP 5,277 $1,297,772.61
UNITED AIR 2018-1 B PTT 4.60000 03/01/2026 US 58,767.67 $56,306.87
UNITED AIR 2019-2 B PTT 3.50000 05/01/2028 US 353,897.92 $326,930.02
UNITEDHEALTH GROUP INC US UNH 2,538 $1,255,548.60
US CLAIMS LIT FNDG LLC 10.25000 03/17/2028 US 250,000 $212,917.35
US DOLLAR US 6,588,579.49 $6,588,579.49
US TEASURY NOTE 1.75000 11/15/2029 US 3,662,000 $3,226,279.24
US TREASURY N/B 0.87500 11/15/2030 US 9,160,000 $7,422,462.50
US TREASURY N/B 2.25000 11/15/2025 US 13,541,000 $13,009,938.91
US TREASURY N/B 3.62500 02/15/2053 US 3,898,000 $3,429,630.94
US TREASURY N/B 4.12500 11/15/2032 US 16,839,000 $16,741,649.53
VENTAS INC US VTR 2,565 $111,680.10
VERTEX PHARMACEUTICALS INC US VRTX 4,770 $1,993,907.70
VISA INC - CLASS A SHARES US V 14,100 $3,935,028.00
WARNERMEDIA HOLDINGS INC 4.05400 03/15/2029 US 1,730,000 $1,619,376.08
WELLTOWER INC. US WELL 3,384 $316,200.96
WIN 2015-1 A1 3.50000 01/20/2045 US 76,021.18 $68,772.28

Investments will change over time.

Distributions

  • Pro-Blend® Moderate Term Series Class I Distribution History
  • 2024 Distribution Calendar
  • 2024 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

$13.84

Daily $ Change

$0.08

Daily % Change

0.58%

as of 04/23/2024

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 03/31/2024

YTD

1.88%

1 Year

8.29%

3 Year

1.18%

5 Year

5.65%

10 Year

4.39%

Inception
(03/28/2008)

6.39%

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 0.90%
Net 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 03/31/2024

TREASURY NOTES 14.45%
GOVERNMENT AGENCY 11.32%
TREASURY BONDS 5.19%
ISHARES BROAD USD HIGH YIELD 2.43400 2.83%
AMAZON.COM INC 2.07%
ALPHABET INC-CL A 1.60%
MASTERCARD INC-CLASS A 1.45%
TENCENT HOLDINGS 3.97500 04/11/2029 1.36%
TAIWAN SEMICONDUCTOR - SP ADR 1.32%
TSY INFL IX N/B 0.12500 01/15/2031 1.27%

This investment list is unaudited and excludes cash.

Asset Allocation

As of 03/31/2024

Bonds
61.56%
Stocks
36.48%
Cash
1.96%

Detailed Asset Class Allocation

As of 03/31/2024

International Equities
10.98%
Small Capitalization
0.22%
Mid Capitalization
2.17%
Large Capitalization
23.10%
Long Term Fixed Income
14.50%
Intermediate Term Fixed Income
41.12%
Short Term Fixed Income
5.95%
Cash
1.96%

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)
ADMIRAL GROUP PLC GB ADM LN 10,050 $360,169.24
ADMIRAL GROUP PLC ADR GB AMIGY 37,021 $1,325,351.80
AERCAP IRELAND CAP/GLOBA 3.00000 10/29/2028 IE 1,260,000 $1,141,388.59
AGREE REALTY CORP US ADC 3,236 $184,840.32
AIR LIQUIDE FR AI FP 1,170 $243,416.98
AIRBUS SE FR AIR FP 1,643 $302,687.93
ALASKA AIR 2020-1 CL B 8.00000 08/15/2025 US 84,733.28 $86,258.55
ALCON INC CH ALC 19,178 $1,597,335.62
ALIBAB GROUP HOLDINGS 2.12500 02/09/2031 KY 600,000 $498,799.75
ALIBABA GROUP HOLDING 4.00000 12/06/2037 KY 2,860,000 $2,484,598.80
ALPHABET INC-CL A US GOOGL 34,887 $5,265,494.91
AMAZON.COM INC US AMZN 37,886 $6,833,876.68
AMAZON.COM INC 3.30000 04/13/2027 US 685,000 $659,000.44
AMERICAN HOMES 4 RENT- A US AMH 5,219 $191,954.82
AMERICAN TOWER REIT INC US AMT 1,209 $238,886.31
AMERICOLD REALTY TRUST US COLD 4,169 $103,891.48
ASHTEAD CAPITAL INC 4.00000 05/01/2028 US 1,220,000 $1,147,251.50
ASTRAZENECA GB AZN 46,343 $3,139,738.25
ATLASSIAN CORP PLC-CLASS A AU TEAM 612 $119,407.32
AUCKLAND INTL AIRPORT LTD NZ AIA NZ 34,266 $170,943.05
AUTO TRADER GROUP PLC GB AUTO LN 21,783 $192,363.80
AVALONBAY COMMUNITIES INC US AVB 1,424 $264,237.44
AVANZA BANK HOLDING AB SE AZA SS 4,350 $93,772.98
BABS 2021-RM2 A 1.75000 10/25/2061 US 1,188,880.03 $1,058,662.71
BAE SYSTEMS PLC GB BA/ LN 12,509 $213,221.26
BAE SYSTEMS PLC -SPON ADR GB BAESY 18,054 $1,252,044.90
BANK OF AMERICA CORP 2.68700 04/22/2032 US 1,990,000 $1,683,480.08
BEIERSDORF AG DE BEI GR 1,985 $289,010.38
BIOMARIN PHARMACEUTICAL INC US BMRN 23,828 $2,081,137.52
BNSF FUNDING TRUST I 6.61300 12/15/2055 US 1,140,000 $1,132,076.52
BORR IHC LTD 10.00000 11/15/2028 MUL 330,000 $344,570.93
BRENNTAG AG DE BNR GR 1,338 $112,768.03
BROOGE PETROLEUM AND GAS 8.50000 09/24/2025 AE 350,203 $246,715.75
CANADIAN NATIONAL RAILWAY CO CA CNI 17,879 $2,354,843.09
CAPITAL ONE FINANCIAL CO 5.70000 02/01/2030 US 2,190,000 $2,208,404.21
CBSLT 2019-AGS A1 MTGE 2.54000 01/25/2047 US 519,536.15 $466,348.51
CELLNEX TELECOM SA ES CLNX SM 6,683 $236,409.14
CELLNEX TELECOM SAU-UNSP ADR ES CLLNY 5,841 $102,918.42
CENOVUS ENERGY INC 6.75000 11/15/2039 CA 1,530,000 $1,689,366.27
CIM 2019-INV1 A1 4.00000 02/25/2049 US 32,495.6 $30,904.73
CITIGROUP INC 1.46200 06/09/2027 US 1,850,000 $1,699,720.15
CLARK CNTY NV 1.51000 11/01/2028 US 2,530,000 $2,179,983.58
CLEANAWAY WASTE MANAGEMENT AU CWY AU 127,069 $225,150.03
CMLTI 2021-INV1 2.50000 05/25/2051 US 614,709.69 $496,103.93
COCA COLA CO/THE US KO 64,965 $3,974,558.70
COLO 2023 - 1A A2 MTGE 5.11600 02/25/2053 US 1,600,000 $1,522,607.66
CONSTELLATION BRANDS INC-A US STZ 7,230 $1,964,824.80
COPART INC US CPRT 38,046 $2,203,624.32
CROWN CASTLE INTL CORP US CCI 1,057 $111,862.31
CSMC 2013-7 A6 3.50000 08/25/2043 US 126,484.45 $114,552.00
CSMC 2013-IVR2 A2 3.00000 04/25/2043 US 273,774.3 $240,070.43
CSMC 2013-IVR3 A1 2.50000 05/25/2043 US 251,439.55 $217,013.34
CSMC 2013-TH1 A1 2.13000 02/25/2043 US 142,599.2 $118,743.82
CSMC 2014-IVR3 A1 3.50000 07/25/2044 US 49,737.67 $45,229.90
CSX CORP US CSX 51,661 $1,915,073.27
DEUTSCHE BOERSE AG DE DB1 GR 1,898 $388,691.32
DEUTSCHE BOERSE AG ADR DE DBOEY 91,456 $1,868,446.08
DIAGEO PLC GB DGE LN 2,674 $98,943.93
DIGITAL REALTY TRUST INC US DLR 803 $115,664.12
DIGITALBRIDGE GROUP INC US DBRG 5,558 $107,102.66
DOLLARAMA INC CA DOL CN 2,060 $156,931.38
ELECTRONIC ARTS US EA 22,390 $2,970,481.30
ENERGY TRANSFER LP 7.37500 02/01/2031 US 1,025,000 $1,074,398.93
ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 US 1,520,000 $1,615,318.23
EQUINIX INC US EQIX 1,165 $961,509.45
EQUITY COMMONWEALTH US EQC 5,116 $96,590.08
EQUITY LIFESTYLE PROPERTIES US ELS 3,438 $221,407.20
EQUITY RESIDENTIAL US EQR 2,119 $133,730.09
EVERGY INC US EVRG 38,621 $2,061,588.98
EXPERIAN PLC IE EXPN LN 4,534 $197,559.76
EXTRA SPACE STORAGE INC US EXR 1,472 $216,384.00
FEDERAL NATL MTG ASSN 889576 6.00000 04/01/2038 US 149,937.72 $156,657.31
FEDERAL NATL MTG ASSN 995196 6.00000 07/01/2038 US 307,547.08 $321,336.21
FEDERAL NATL MTG ASSN AD0207 6.00000 10/01/2038 US 53,292.21 $55,680.55
FEDERAL NATL MTG ASSN AD0220 6.00000 10/01/2038 US 17,234.88 $18,007.62
FEDERAL NATL MTG ASSN AD0462 5.50000 10/01/2024 US 162.4 $161.48
FEDERAL NATL MTG ASSN AL0152 6.00000 06/01/2040 US 294,709.6 $307,917.26
FEDERAL NATL MTG ASSN AL1595 6.00000 01/01/2040 US 205,187.9 $214,383.57
FEDERAL NATL MTG ASSN AL7068 4.50000 09/01/2042 US 90,498.34 $88,874.00
FEDERAL NATL MTG ASSN AL8674 FLT 5.64300 01/01/2049 US 746,365.56 $769,480.11
FEDERAL NATL MTG ASSN AX5234 4.50000 11/01/2044 US 324,227.58 $316,848.60
FEDERAL NATL MTG ASSN BD1381 3.50000 06/01/2046 US 50,892.27 $46,497.64
FEDERAL NATL MTG ASSN BE7845 4.50000 02/01/2047 US 55,234.24 $53,719.49
FEDERAL NATL MTG ASSN BW1194 4.00000 09/01/2052 US 2,006,042.69 $1,859,186.16
FEDERAL NATL MTG ASSN FN FS1179 3.50000 12/01/2049 US 2,017,493.86 $1,838,933.91
FEDERAL NATL MTG ASSN FN MA3412 3.50000 07/01/2038 US 268,713.53 $253,161.44
FEDERAL NATL MTG ASSN FN MA3463 4.00000 09/01/2033 US 298,872.34 $291,598.25
FEDERAL NATL MTG ASSN FN MA4687 4.00000 06/01/2042 US 2,071,214.75 $1,960,607.86
FEDERAL NATL MTG ASSN FR ZS4751 3.50000 01/01/2048 US 111,872.85 $101,971.45
FEDERAL NATL MTG ASSN MA0258 4.50000 12/01/2039 US 273,721.31 $268,808.34
FEDERAL NATL MTG ASSN MA1834 4.50000 02/01/2034 US 210,227.25 $207,209.32
FEDERAL NATL MTG ASSN MA1903 4.50000 05/01/2034 US 154,442.75 $152,228.76
FEDERAL NATL MTG ASSN MA4644 4.00000 05/01/2052 US 2,240,968.45 $2,076,913.69
FEDERAL NATL MTG ASSN SD8276 5.00000 12/01/2052 US 1,781,378.38 $1,740,283.16
FEDERAL NATL MTG FN MA4203 2.50000 12/01/2040 US 1,901,409.68 $1,664,974.63
FHLM POOL A92889 4.50000 07/01/2040 US 475,633.47 $467,288.34
FHLM POOL C91762 4.50000 05/01/2034 US 251,529.94 $248,236.10
FHLM POOL C91771 4.50000 06/01/2034 US 4,194.99 $4,140.23
FHLM POOL C91780 4.50000 07/01/2034 US 5,949.15 $5,871.02
FHLM POOL FG 08772 4.50000 07/01/2047 US 54,871.7 $53,322.93
FHLM POOL G03781 6.00000 01/01/2038 US 55,392.74 $57,949.33
FHLM POOL G03926 6.00000 02/01/2038 US 78,946.92 $82,590.62
FHLM POOL G05900 6.00000 03/01/2040 US 45,163.34 $47,247.80
FHLM POOL G05906 6.00000 04/01/2040 US 39,387.97 $41,205.87
FHLM POOL SD8230 4.50000 06/01/2052 US 2,310,621.47 $2,206,377.53
FHR 5189 CP 2.50000 06/25/2049 US 2,021,942.28 $1,724,861.58
FINECOBANK SPA IT FBK IM 6,961 $104,253.49
FIRST INDUSTRIAL REALTY TR US FR 1,413 $74,239.02
FLAGSHIP COMMUNITIES REIT UT US MHC/U CN 7,011 $120,729.42
FLX 2021-1A A2 3.25000 11/27/2051 US 2,100,000 $1,903,236.49
FN DS2696 3.00000 12/01/2051 US 2,447,739.43 $2,133,955.12
FN FS4339 MTGE 3.00000 12/01/2050 US 2,464,033.37 $2,157,697.45
FN FS4925 MTGE 3.50000 04/01/2052 US 2,200,274.18 $1,994,353.31
FN MA4020 MTGE 3.00000 05/01/2050 US 3,199,376.23 $2,789,236.96
FN MA4733 4.50000 09/01/2052 US 1,240,960.12 $1,183,934.06
FN MA4807 MTGE 5.50000 11/01/2052 US 1,130,646.56 $1,127,105.84
FN MA4868 MTGE 5.00000 01/01/2053 US 1,866,932.24 $1,823,863.35
FN MA4934 MTGE 5.00000 02/01/2043 US 2,657,067.99 $2,635,451.55
FNR 2018-31 KP 3.50000 07/25/2047 US 21,382.32 $20,804.51
FNR 2021-69 WJ 1.50000 10/25/2050 US 854,307.76 $709,113.97
FR SD1360 MTGE 5.50000 07/01/2052 US 2,810,336.69 $2,803,887.81
GLOBANT SA LU GLOB 822 $165,961.80
GNR 2017-54 AH MTGE 2.60000 12/16/2056 US 204,753.77 $185,410.86
GOLDEN PEAR FUND HOLDCO 10.00000 03/02/2028 US 230,000 $193,608.06
GOODG 2020-1A MTGE 2.63000 04/15/2055 US 903,667.61 $743,391.59
GOODMAN GROUP AU GMG AU 5,031 $110,819.37
GSMBS 2021-INV1 A9 5.00000 12/25/2051 US 1,121,972.41 $1,036,962.24
GSMBS 2021-PJ6 A8 2.50000 11/25/2051 US 877,277 $772,407.05
GSMBS 2021-PJ9 A8 2.50000 02/26/2052 US 880,400.03 $758,757.55
HALMA PLC GB HLMA LN 10,114 $302,007.88
HAWAII ST 2.68200 10/01/2038 US 1,835,000 $1,422,416.47
HDFC BANK LTD-ADR IN HDB 51,290 $2,870,701.30
HEINEKEN NV NL HEIA NA 3,518 $339,162.07
HEINEKEN NV-SPN ADR NL HEINY 66,887 $3,232,648.71
HELIOS TOWERS PLC GB HTWS LN 68,833 $81,998.70
HUMANA INC US HUM 3,500 $1,213,520.00
HWIRE 2021-1 A2 2.31100 11/20/2051 US 1,950,000 $1,763,515.46
IIP OPERATING PARTNER 5.50000 05/25/2026 US 490,000 $468,243.01
IMCD NV NL IMCD NA 1,783 $313,825.99
IMPRL 2021-NQM3 1.59500 11/25/2056 US 970,777.11 $805,834.86
INFRABUILD AUTRALIA PTY 14.50000 11/15/2028 AU 335,000 $347,411.65
INTERCONTINENTALEXCHANGE INC US ICE 13,633 $1,873,583.19
INTERMEDIATE CAPITAL GROUP GB ICP LN 7,952 $205,968.61
INTUITIVE SURGICAL INC US ISRG 3,388 $1,352,116.92
INVITATION HOMES INC US INVH 9,065 $322,804.65
ISHARES BROAD USD HIGH YIELD 2.43400 US 255,055 $9,332,462.45
ITALY GOV'T INT BOND 2.37500 10/17/2024 IT 380,000 $373,424.89
JAPAN (2 YEAR ISSUE) 0.10000 01/01/2026 JP 165,000,000 $1,088,631.75
JOHNSON & JOHNSON US JNJ 25,474 $4,029,732.06
JPMMT 2014-2 1A1 3.00000 06/25/2029 US 159,569.95 $152,935.85
JPMMT 2017-2 A3 3.50000 05/25/2047 US 11,876.93 $10,585.26
JPMORGAN CHASE & CO 4.49300 03/24/2031 US 3,140,000 $3,036,920.65
KEYENCE CORP JP 6861 JP 500 $232,130.46
KEYWORDS STUDIOS PLC IE KWS LN 7,785 $127,932.41
L'OREAL FR OR FP 114 $53,987.17
L3HARRIS TECHNOLOGIES INC US LHX 18,638 $3,971,757.80
LEXINGTON REALTY TRUST US LXP 22,981 $207,288.62
LONZA GROUP AG -REG CH LONN SW 473 $282,664.11
LONZA GROUP AG ADR CH LZAGY 5,933 $355,446.03
MARRIOTT VACATIONS WORLD US VAC 902 $97,172.46
MASCO CORP US MAS 16,478 $1,299,784.64
MASSMUTUAL GLOBAL FUNDING 4.85000 01/17/2029 US 530,000 $527,334.24
MASTERCARD INC-CLASS A US MA 9,910 $4,772,358.70
MEDTRONIC INC IE MDT 17,825 $1,553,448.75
MERCADOLIBRE INC BR MELI 142 $214,698.32
MET LIFE GLOB FUNDING I 4.85000 01/08/2029 US 530,000 $526,176.06
META PLATFORMS INC US META 6,867 $3,334,477.86
MEX BONOS DESARR FIX RT 7.75000 05/29/2031 MX 1,081,000 $59,932.76
MICRON TECHNOLOGY INC US MU 31,728 $3,740,413.92
MICROSOFT CORP US MSFT 4,477 $1,883,563.44
MID-AMERICA APARTMENT COMM US MAA 584 $76,842.72
MONARCH CASINO & RESORT INC US MCRI 1,692 $126,883.08
MONDELEZ INTERNATIONAL INC US MDLZ 18,352 $1,284,640.00
MOODY'S CORPORATION US MCO 6,822 $2,681,250.66
NAVIENT CORP 6.75000 06/25/2025 US 475,000 $478,029.86
NESTLE S.A. - ADR CH NSRGY 27,778 $2,950,023.60
NESTLE SA-REGISTERED CH NESN SW 2,739 $291,018.64
NEW FORTRESS ENERGY INC 8.75000 03/15/2029 US 335,000 $333,849.54
NEW YORK LIFE GLOBAL FDG 4.70000 01/29/2029 US 530,000 $524,472.85
NEWCASTLE COAL INFRASTRU 4.40000 09/29/2027 AU 1,275,844.81 $1,207,201.88
NORTHROP GRUMMAN CORP US NOC 4,360 $2,086,957.60
NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 CA 497,000 $4.97
NOVARTIS AG- REG CH NVS 16,329 $1,579,504.17
NRG 7.467 07/31/28 CORP 7.46700 07/31/2028 US 1,060,000 $1,120,712.20
NRZT 2014-3A AFX3 3.75000 11/25/2054 US 227,283.79 $212,045.21
NRZT 2015-2A A1 3.75000 08/25/2055 US 260,952.6 $242,435.17
NRZT 2016-4A A1 3.75000 11/25/2056 US 305,157.47 $283,317.38
NSLT 2012-3A A MTGE FLT 6.13487 03/26/2040 US 158,226.89 $157,409.97
OASIS 2022-2A A 6.85000 10/15/2034 US 365,869.38 $364,753.73
OASIS 2023-1A 7.00000 02/15/2035 US 582,195.89 $581,100.20
OBX 2024-NQM1 A1 5.92800 11/25/2063 US 1,036,286.07 $1,036,681.53
OPEN INFRA IS ASSETS AB 11.00000 02/22/2027 US 400,000 $398,010.42
OXFIN 2020-1A A2 3.10100 02/15/2028 US 257,959.71 $250,578.37
OXFIN 2022-1A 3.60200 02/15/2030 US 1,924,183.03 $1,838,308.28
OXFIN 2023-1A A2 6.71600 02/15/2031 US 2,170,000 $2,186,913.85
OXFINF 2024-A A2 6.67500 01/14/2032 US 165,000 $163,993.60
PALOMINO FUNDING TRUST I 7.23300 05/17/2028 US 2,170,000 $2,275,938.25
PCG 2023 1 NOTE MTG 11.32941 07/25/2029 US 3,294,711.54 $3,294,218.49
PEAR 2021-1 A MTGE 2.60000 01/15/2034 US 1,128,773.4 $1,090,385.17
PEAR 2023-1A 7.42000 07/15/2035 US 833,101.48 $842,013.50
PEAR 2024-1 A 6.95000 02/15/2036 US 547,207.54 $548,042.09
PEPSICO INC 3.90000 07/18/2032 US 2,360,000 $2,236,451.55
PFMT 2021 -INV1 A1 2.50000 08/25/2051 US 1,769,623.3 $1,434,387.30
PFMT 2021-2 A2A 2.00000 04/25/2051 US 1,074,313.93 $899,903.70
PHILIP MORRIS INTERNATIONAL US PM 35,079 $3,213,937.98
PMTLT 2013-J1 a9 3.50000 09/25/2043 US 845,822.36 $767,323.80
PROLOGIS US PLD 6,710 $873,776.20
PUBLIC STORAGE INC US PSA 1,133 $328,637.98
QUALCOMM INC 4.25000 05/20/2032 US 2,250,000 $2,171,390.60
RCKT 2021-6 A1 2.50000 12/25/2051 US 1,166,947.68 $935,958.29
REALTY INCOME CORP US O 3,045 $164,734.50
REXFORD INDUSTRIAL REALITY IN US REXR 5,121 $257,586.30
S&P GLOBAL INC US SPGI 4,126 $1,755,406.70
SBA COMMUNICATIONS CORP US SBAC 1,624 $351,920.80
SBA TOWER TRUST 1.88400 01/15/2026 US 520,000 $485,492.49
SBA TOWER TRUST 6.59900 01/15/2028 US 1,960,000 $2,008,851.04
SCML 2019-SBC8 2.86000 04/25/2041 US 135,994.46 $126,281.06
SEMT 2013-2 1.87400 02/25/2043 US 213,953.24 $180,679.60
SEMT 2013-6 A2 3.00000 05/25/2043 US 399,854.1 $353,036.18
SEMT 2013-7 A2 3.00000 06/25/2043 US 143,684.34 $125,573.92
SEMT 2013-8 A1 3.00000 06/25/2043 US 173,409.55 $153,803.82
SEMT 2017-6 A19 MTGE 3.50000 09/25/2047 US 73,545.34 $64,794.06
SEMT 2020-1 A1 3.50000 02/25/2050 US 71,308.56 $63,861.91
SERVICENOW INC US NOW 1,620 $1,235,088.00
SIMON PROPERTY 2.25000 01/15/2032 US 945,000 $773,509.57
SIMON PROPERTY GROUP LP 2.65000 02/01/2032 US 3,190,000 $2,690,535.86
SIRIUSPOINT LTD 7.00000 04/05/2029 BM 1,045,000 $1,043,390.70
SOFI 2018-B A2FX MTGE 3.34000 08/25/2047 US 156,584.96 $153,135.68
SONY CORP FIRST SECTION JP 6758 JP 2,800 $240,102.04
SORT 2020-1 A1 MTGE 1.69000 07/15/2060 US 921,938.3 $861,977.65
SOUTH CAROLINA ST PUBLIC SVC 2.32900 12/01/2028 US 955,000 $845,436.06
SRPT 2014-STAR A FLTG RATE 8.50000 11/15/2027 US 1,745,456.34 $1,239,263.35
SUN COMMUNITIES US SUI 2,583 $332,122.14
TAIWAN SEMICONDUCTOR - SP ADR TW TSM 31,969 $4,349,382.45
TECHTRONIC INDUSTRIES CO LTD HK 669 HK 23,500 $319,314.83
TECHTRONIC INDUSTRIES-SP ADR HK TTNDY 19,726 $1,341,072.11
TENCENT HOLDINGS 3.97500 04/11/2029 KY 4,720,000 $4,486,499.66
TENCENT HOLDINGS LTD CN 700 HK 7,300 $284,334.59
TERRENO REALTY CORP US TRNO 3,400 $225,760.00
THERMO FISHER SCIENTIFIC INC US TMO 2,258 $1,312,372.18
TPMT 2016-5 A1 2.50000 10/25/2056 US 12,149.14 $12,098.07
TPMT 2017-1 A1 2.75000 10/25/2056 US 4,349.99 $4,331.60
TPMT 2019-HY1 A1 6.44389 10/25/2048 US 223,123.08 $226,391.14
TREASURY BOND 2.37500 02/15/2042 US 18,393,000 $13,702,785.00
TREASURY NOTE 2.25000 11/15/2027 US 7,820,000 $7,277,487.50
TSY INFL IX N/B 0.12500 01/15/2031 US 4,715,424.4 $4,202,149.37
TSY INFL IX N/B 2.37500 01/15/2027 US 3,304,946.96 $3,332,794.71
UDR INC US UDR 2,182 $81,628.62
UNION PAC CORP US UNP 5,277 $1,297,772.61
UNITED AIR 2018-1 B PTT 4.60000 03/01/2026 US 58,767.67 $56,306.87
UNITED AIR 2019-2 B PTT 3.50000 05/01/2028 US 353,897.92 $326,930.02
UNITEDHEALTH GROUP INC US UNH 2,538 $1,255,548.60
US CLAIMS LIT FNDG LLC 10.25000 03/17/2028 US 250,000 $212,917.35
US DOLLAR US 6,588,579.49 $6,588,579.49
US TEASURY NOTE 1.75000 11/15/2029 US 3,662,000 $3,226,279.24
US TREASURY N/B 0.87500 11/15/2030 US 9,160,000 $7,422,462.50
US TREASURY N/B 2.25000 11/15/2025 US 13,541,000 $13,009,938.91
US TREASURY N/B 3.62500 02/15/2053 US 3,898,000 $3,429,630.94
US TREASURY N/B 4.12500 11/15/2032 US 16,839,000 $16,741,649.53
VENTAS INC US VTR 2,565 $111,680.10
VERTEX PHARMACEUTICALS INC US VRTX 4,770 $1,993,907.70
VISA INC - CLASS A SHARES US V 14,100 $3,935,028.00
WARNERMEDIA HOLDINGS INC 4.05400 03/15/2029 US 1,730,000 $1,619,376.08
WELLTOWER INC. US WELL 3,384 $316,200.96
WIN 2015-1 A1 3.50000 01/20/2045 US 76,021.18 $68,772.28

Investments will change over time.

Distributions

  • Pro-Blend® Moderate Term Series Class I Distribution History
  • 2024 Distribution Calendar
  • 2024 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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