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 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 15+ Years 7-20 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

$9.91

Daily $ Change

$0.02

Daily % Change

0.20%

as of 06/24/2019

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
Fact Sheet
Applications & Forms

Performance

As of 05/31/2019

YTD

7.78%

1 Year

4.01%

3 Year

5.21%

5 Year

2.75%

10 Year

6.64%

Inception
(09/15/1993)

6.51%

US Stock Market Cycle (04/01/2000 - 05/31/2019)

5.85%

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. 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 0.84%

Top Ten Investments

As of 05/31/2019

TREASURY BONDS 8.24%
GOVERNMENT AGENCY 8.20%
TREASURY NOTES 7.83%
UNITED STATES TREAS INFL INDEX 0.12500 04/15/2020 3.17%
EXPORT-IMPORT BANK KOREA 2.62500 12/30/2020 1.68%
MICROSOFT CORP 1.47%
MEDTRONIC INC 1.37%
NOVARTIS AG- REG 1.31%
MASTERCARD INC-CLASS A 1.22%
VISA INC - CLASS A SHARES 1.12%

This investment list is unaudited and excludes cash.

Asset Allocation

As of 05/31/2019

Bonds 63.87%
Stocks 35.97%
Cash 0.16%

Detailed Asset Class Allocation

As of 05/31/2019

International Equities 14.03%
Small Capitalization 0.40%
Mid Capitalization 1.00%
Large Capitalization 20.53%
Long Term Fixed Income 23.69%
Intermediate Term Fixed Income 26.40%
Short Term Fixed Income 13.79%
Cash 0.16%

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

May Fund Holdings

As of 05/31/2019

CUSIP Security Description Country Ticker Shares/Par Market Value (USD)
00101JAM8 ADT CORP 5.25000 03/15/2020 US 105,000 $106,050.00
00206RDQ2 AT&T INC 4.25000 03/01/2027 US 2,350,000 $2,448,989.57
00254EML3 SWEDISH EXPORT CREDIT 1.12500 08/28/2019 SE 3,200,000 $3,190,752.00
00287Y109 ABBVIE INC US ABBV 735 $56,381.85
004239109 ACADIA REALTY TRUST US AKR 1,335 $36,512.25
00507V109 ACTIVISION INC US ATVI 44,300 $1,921,291.00
00774MAG0 AERCAP IRELAND CAP / GLOBA 4.45000 10/01/2025 IE 2,430,000 $2,507,060.28
0081180 BARRATT DEVELOPMENTS PLC GB BDEV LN 10,675 $75,299.71
008492100 AGREE REALTY CORP US ADC 825 $55,233.75
00928QAK7 AIRCASTLE LTD 6.25000 12/01/2019 BM 1,360,000 $1,381,999.21
015271109 ALEXANDRIA REAL EST EQUITIES US ARE 310 $45,387.10
01609W102 ALIBABA GROUP - ADR CN BABA 585 $87,317.10
020002101 ALLSTATE CORPORATION US ALL 175 $16,714.25
02079K107 ALPHABET INC-CL C US GOOG 2,495 $2,753,556.85
02079K305 ALPHABET INC-CL A US GOOGL 2,420 $2,677,730.00
023135106 AMAZON.COM INC US AMZN 720 $1,278,050.40
02319V103 AMBEV SA-ADR BR ABEV 353,451 $1,579,925.97
0237400 DIAGEO PLC GB DGE LN 81,198 $3,415,324.33
02376RAA0 AMERICAN AIRLINES GROUP 5.50000 10/01/2019 US 615,000 $617,306.25
024835100 AMERICAN CAMPUS COMMUNITIES US ACC 1,320 $61,142.40
0263494 BAE SYSTEMS PLC GB BA/ LN 16,175 $92,470.15
02665T306 AMERICAN HOMES 4 RENT- A US AMH 8,060 $196,744.60
02753GAA7 AMERICAN MIDSTREAM PTR/F 9.50000 12/15/2021 US 175,000 $169,750.00
03019LAA4 AMERICAN TANKER INC 9.25000 02/22/2022 US 135,000 $136,317.87
03027X100 AMERICAN TOWER REIT INC US AMT 8,150 $1,701,475.50
03063NAA5 AMERICOLD LLC TRUST 3.84730 01/14/2029 US 84,166.83 $84,990.37
03064D108 AMERICOLD REALTY TRUST US COLD 1,255 $39,281.50
031162100 AMGEN INC US AMGN 326 $54,344.20
03748R754 APARTMENT INVT & MGMT CO -A US AIV 2,441 $121,927.95
03784Y200 APPLE HOSPITALITY REIT INC US APLE 2,330 $35,975.20
038222105 APPLIED MATERIALS INC US AMAT 492 $19,035.48
039483102 ARCHER-DANIELS-MIDLAND CO US ADM 344 $13,182.08
03968AAA9 ARD SECURITIES FINANCE 8.75000 01/31/2023 LU 20,000 $19,200.00
0405207 HALMA PLC GB HLMA LN 2,535 $58,085.57
045086AF2 ASHTON WOODS USA/FINANCE 6.75000 08/01/2025 US 30,000 $28,050.00
0490656 KERRY GROUP PLC-A IE KYGA LN 1,035 $119,094.43
05278C107 AUTOHOME INC-ADR CN ATHM 945 $81,175.50
053484101 AVALONBAY COMMUNITIES INC US AVB 1,360 $276,093.60
054937107 BB&T CORP US BBT 368 $17,204.00
05722G100 BAKER HUGHES A GE CO US BHGE 601 $12,867.41
060505104 BANK OF AMERICA CORP US BAC 2,411 $64,132.60
06051GFM6 BANK OF AMERICA CORP 4.00000 01/22/2025 US 3,530,000 $3,643,624.28
0673123 ASSOCIATED BRITISH FOODS PLC GB ABF LN 3,295 $102,701.43
0682538 PERSIMMON PLC GB PSN LN 3,040 $75,620.99
084670702 BERKSHIRE HATHAWAY INC-CL B US BRK/B 19,375 $3,825,012.50
086516101 BEST BUY INC US BBY 239 $14,978.13
0870612 LLOYDS BANKING GROUP PLC GB LLOY LN 137,235 $99,194.27
0878230 TAYLOR WIMPEY PLC GB TW/ LN 36,085 $75,394.15
09061G101 BIOMARIN PHARMACEUTICAL INC US BMRN 16,370 $1,346,268.80
0922320 SMITH & NEPHEW PLC GB SN/ LN 5,360 $112,607.43
09247X101 BLACKROCK INC US BLK 1,610 $669,051.60
0946580 WEIR GROUP PLC/THE GB WEIR LN 6,995 $129,344.52
097023105 BOEING CO US BA 225 $76,862.25
09857L108 BOOKING HOLDINGS INC US BKNG 2,480 $4,107,425.60
101121101 BOSTON PROPERTIES INC US BXP 1,565 $204,748.95
105368203 BRANDYWINE REALTY TRUST US BDN 10,745 $162,356.95
110122108 BRISTOL MYERS SQUIBB CO US BMY 811 $36,795.07
110448107 BRITISH AMERICAN TOB-SP ADR GB BTI 1,170 $40,563.90
11134LAB5 BROADCOM CRP / CAYMN FI 2.37500 01/15/2020 US 2,110,000 $2,104,256.45
11135F101 BROADCOM INC US AVGO 181 $45,546.84
11680JAA0 BRUIN E&P PARTNERS LLC 8.87500 08/01/2023 US 140,000 $125,650.00
12503M108 CBOE GLOBAL MARKETS INC US CBOE 15,120 $1,641,124.80
12541W209 C.H. ROBINSON WORLDWIDE INC US CHRW 160 $12,740.80
12555DAA3 CIM 2019-INV1 A1 4.00000 02/25/2049 US 639,797.25 $659,728.66
12572Q105 CME GROUP INC US CME 8,710 $1,673,365.20
12592BAB0 CNH INDUSTRIAL CAPITAL L 3.37500 07/15/2019 US 3,180,000 $3,176,025.00
12646XAH5 CSMC 2013-IVR3 A1 2.50000 05/25/2043 US 980,578.83 $949,033.71
126650100 CVS HEALTH CORP US CVS 670 $35,087.90
12770QAA3 CZR 2017-VICI A 3.53100 10/15/2034 US 1,850,000 $1,907,099.51
133131102 CAMDEN PROPERTY TRUST US CPT 395 $40,827.20
13321L108 CAMECO CORP CA CCJ 6,234 $62,901.06
149123101 CATERPILLAR INC US CAT 278 $33,307.18
149806AA9 CAZ 2015-1A A 2.00000 12/10/2023 US 41,789.22 $41,676.01
14980AAA0 CAZENOVIA CREEK FUNDING LLC 3.56070 07/15/2030 US 1,189,875.47 $1,191,770.82
156504AH5 CENTURY COMMUNITIES 5.87500 07/15/2025 US 122,000 $118,950.00
156504AJ1 CENTURY COMMUNITIES 6.75000 06/01/2027 US 100,000 $98,470.00
165183AL8 CFII 2017-2A A1 1.99000 05/15/2029 US 3,260,993.18 $3,245,199.21
165240102 CHESAPEAKE LODGING TRUST US CHSP 1,925 $55,382.25
166764100 CHEVRON CORP US CVX 569 $64,780.65
17275R102 CISCO SYSTEMS INC US CSCO 1,680 $87,410.40
172967424 CITIGROUP INC US C 705 $43,815.75
172967EW7 CITIGROUP INC 8.12500 07/15/2039 US 1,260,000 $1,946,737.03
191216100 COCA COLA CO/THE US KO 67,230 $3,303,009.90
194162103 COLGATE-PALMOLIVE CO US CL 510 $35,506.20
2011646 ALIMENTATION COUCHE-TARD -B CA ATD/B CN 1,880 $115,378.81
20369C106 COMMUNITY HEALTHCARE TRUST I US CHCT 2,710 $106,042.30
205887102 CONAGRA BRAND INC. US CAG 392 $10,493.84
21036PAM0 CONSTELLATION BRANDS INC 3.87500 11/15/2019 US 1,180,000 $1,185,634.74
222795106 COUSINS PROPERTIES INC US CUZ 16,355 $148,012.75
22546QAD9 CREDIT SUISSE AG 5.40000 01/14/2020 CH 2,620,000 $2,660,277.21
22822V101 CROWN CASTLE INTL CORP US CCI 910 $118,309.10
22944PAA5 CSMC 2013-TH1 A1 2.13000 02/25/2043 US 663,312.81 $647,729.60
229663109 CUBESMART US CUBE 1,635 $55,132.20
231021106 CUMMINS INC US CMI 124 $18,694.24
23311RAD8 DCP MIDSTREAM OPERATING 5.35000 03/15/2020 US 105,000 $106,181.25
2347608 FIRST QUANTUM MINERALS LTD CA FM CN 2,745 $19,984.31
2434760 MEXICHEM SAB DE CV MX MEXCHEM* MM 23,200 $48,379.82
2521800 LOBLAW COMPANIES LTD CA L CN 2,275 $116,746.08
25271C102 DIAMOND OFFSHORE DRILLING US DO 56,810 $447,094.70
253868103 DIGITAL REALTY TRUST INC US DLR 995 $117,131.40
25470DAT6 DISCOVERY COMMUNICATIONS 5.20000 09/20/2047 US 2,510,000 $2,513,744.12
25787GAC4 DONNELLEY FINANCIAL SOL 8.25000 10/15/2024 US 105,000 $107,362.50
25960P109 DOUGLAS EMMETT INC US DEI 1,800 $72,522.00
260557103 DOW INC US DOW 387 $18,096.12
26151AAA7 DRAX FINCO PLC 6.62500 11/01/2025 GB 250,000 $253,442.50
26780TAA5 DYNAGAS LNG PARTNERS/FIN 6.25000 10/30/2019 MH 286,000 $270,455.90
269246401 ETRADE FINANCIAL CORP US ETFC 16,360 $732,928.00
2715777 QUEBECOR INC -CL B CA QBR/B CN 33,585 $792,661.66
277432100 EASTMAN CHEM CO US EMN 151 $9,802.92
2801836 SHAW COMMUNICATIONS INC-B CA SJR/B CN 43,130 $875,938.52
285512109 ELECTRONIC ARTS US EA 23,425 $2,180,399.00
2866857 LUNDIN MINING CORP CA LUN CN 4,265 $19,059.34
291011104 EMERSON ELEC CO US EMR 421 $25,361.04
29273RAR0 ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 US 1,620,000 $1,823,122.49
29444U700 EQUINIX INC US EQIX 5,260 $2,555,255.40
29472R108 EQUITY LIFESTYLE PROPERTIES US ELS 860 $104,627.60
29476L107 EQUITY RESIDENTIAL US EQR 3,385 $259,189.45
29670E107 ESSENTIAL PROPERTIES REALTY US EPRT 3,915 $83,232.90
297178105 ESSEX PROPERTY TRUST INC US ESS 615 $179,420.10
302154BV0 EXPORT-IMPORT BANK KOREA 2.62500 12/30/2020 KR 6,700,000 $6,709,902.60
30225T102 EXTRA SPACE STORAGE INC US EXR 580 $62,152.80
30251JAA9 FDIC 2011-R1 A 2.67200 07/25/2026 US 78,578.69 $78,290.84
30261UAJ3 FREMF 2013-K713 B 3.15445 04/25/2046 US 1,350,000 $1,352,278.80
30264DAA7 FS ENERGY & POWER FUND 7.50000 08/15/2023 US 205,000 $207,050.00
30291HAA5 FREMF 2013-K28 X2A 0.10000 06/25/2046 US 125,251,293.93 $377,269.42
311900104 FASTENAL CO US FAST 482 $14,744.38
3128M5NM8 FHLM POOL G03696 5.50000 01/01/2038 US 1,292.23 $1,416.84
3128M5RA0 FHLM POOL G03781 6.00000 01/01/2038 US 196,764.39 $220,682.18
3128M5VT4 FHLM POOL G03926 6.00000 02/01/2038 US 192,043.94 $215,713.02
3128M6SU3 FHLM POOL G04731 5.50000 04/01/2038 US 196,281.36 $214,740.37
3128M73H7 FHLM POOL G05900 6.00000 03/01/2040 US 112,582.05 $126,066.66
3128M73P9 FHLM POOL G05906 6.00000 04/01/2040 US 160,408.82 $180,213.34
3128MB4Q7 FHLM POOL G13331 5.50000 10/01/2023 US 10,409.66 $10,763.07
3128MBDP9 FHLM POOL G12610 6.00000 03/01/2022 US 22,121.05 $22,637.98
3128MBE45 FHLM POOL G12655 6.00000 05/01/2022 US 15,313.23 $15,758.05
3128MBRH2 FHLM POOL G12988 6.00000 01/01/2023 US 12,750.25 $13,211.16
3128MBUB1 FHLM POOL G13078 6.00000 03/01/2023 US 21,721.97 $22,435.79
3128MJJT8 FHLM POOL G08273 5.50000 06/01/2038 US 247,895.39 $269,839.95
3128P75X7 FHLM POOL C91762 4.50000 05/01/2034 US 670,861.75 $711,098.70
312941F69 FHLM POOL A92889 4.50000 07/01/2040 US 1,529,225.73 $1,636,303.92
31335AFY9 FHLM POOL G60183 4.00000 12/01/2044 US 716,173.64 $744,889.37
31336WBS7 FHLM POOL G11850 5.50000 07/01/2020 US 7,424.37 $7,436.56
3134865 BARCLAYS PLC GB BARC LN 26,565 $50,064.03
3136AY6W8 FNA 2017-M15 A1 2.95932 09/25/2027 US 1,289,924.28 $1,328,103.07
3136B1YD0 FNR 2018-31 KP 3.50000 07/25/2047 US 1,240,634.54 $1,284,081.31
313747206 FEDERAL RLTY INVT TR SH BEN INT US FRT 305 $39,872.65
3137A2B34 FHMS K009 X1 FLT 1.26039 08/25/2020 US 12,588,300.07 $156,422.22
3137ADTK3 FHMS K014 X1 FLT 1.14912 04/25/2021 US 7,787,640.25 $144,973.15
3137AJMG6 FMHS K016 X1 FLT 1.47799 10/25/2021 US 5,067,487.37 $154,744.85
3137AME78 FHMS K017 X1 FLT 1.29785 12/25/2021 US 7,763,430.97 $209,961.21
3137AUPF0 FHMS K021 x1 FLT 1.43622 06/25/2022 US 9,731,123.84 $363,456.50
3137B3NB0 FHMS K030 X1 FLT 0.19234 04/25/2023 US 50,516,683.73 $346,064.54
3137B4GZ3 FHMS K032 X1 FLT 0.10076 05/25/2023 US 38,012,559.14 $162,123.56
3137F4YU0 FHR 4791 BA MTGE 4.00000 03/15/2044 US 1,510,499.05 $1,560,942.92
3137FG2L8 FHR 4801 BA MTGE 4.50000 05/15/2044 US 1,438,636.33 $1,499,808.30
3138EGE26 FEDERAL NATL MTG ASSN AL0152 6.00000 06/01/2040 US 633,865.64 $711,097.75
3138EHXZ0 FEDERAL NATL MTG ASSN AL1595 6.00000 01/01/2040 US 532,720.06 $597,986.33
3138ETT89 FEDERAL NATL MTG ASSN AL8674 FLT 5.65000 01/01/2049 US 1,640,790.25 $1,824,732.27
3138WDAY7 FEDERAL NATL MTG ASSN FN AS3622 3.50000 10/01/2044 US 2,172,722.72 $2,238,010.67
3138Y6Y81 FEDERAL NATL MTG ASSN AX5234 4.50000 11/01/2044 US 817,866.23 $857,873.95
31403DDX4 FEDERAL NATL MTG ASSN 745418 5.50000 04/01/2036 US 447,406.33 $491,028.71
3140E2GZ8 FEDERAL NATL MTG ASSN AZ9215 4.00000 10/01/2045 US 644,967.61 $670,368.70
3140EX2Y8 FEDERAL NATL MTG ASSN BC3490 3.50000 02/01/2046 US 2,124,523.62 $2,174,429.83
3140FTWF4 FEDERAL NATL MTG ASSN BE7845 4.50000 02/01/2047 US 474,669.27 $502,344.55
3140HPUY1 FEDERAL NATL MTG ASSN FN BK9598 4.50000 08/01/2048 US 597,841.96 $626,917.70
3140JGVQ5 FEDERAL NATL MTG ASSN FN BN0622 4.50000 01/01/2049 US 1,802,972.05 $1,888,688.08
3140Q9D42 FEDERAL NATL MTG ASSN FN CA1922 5.00000 06/01/2048 US 2,177,960.8 $2,299,847.94
3140Q9JA2 FEDERAL NATL MTGE ASSN FN CA2056 4.50000 07/01/2048 US 2,046,561 $2,146,196.43
3140Q9PD9 FEDERAL NATL MTG ASSN FN CA2219 5.00000 08/01/2048 US 1,183,202.66 $1,249,421.05
3140Q9T78 FEDERAL NATL MTG ASSN FN CA2373 5.00000 09/01/2048 US 1,935,796.39 $2,044,726.54
31410FSE6 FEDERAL NATL MTG ASSN 888017 6.00000 11/01/2021 US 16,308.73 $16,683.78
31410FV51 FEDERAL NATL MTG ASSN 888136 6.00000 12/01/2021 US 18,522.04 $18,934.41
31410GCD3 FEDERAL NATL MTG ASSN 888468 5.50000 09/01/2021 US 103,328.26 $104,756.70
31410GN33 FEDERAL NATL MTG ASSN 888810 5.50000 11/01/2022 US 127,563.3 $129,351.40
31410KJV7 FEDERAL NATL MTG ASSN 889576 6.00000 04/01/2038 US 381,774.45 $428,616.50
31416BRR1 FEDERAL NATL MTG ASSN 995196 6.00000 07/01/2038 US 848,457.12 $951,447.00
31416BSW9 FEDERAL NATL MTG ASSN 995233 5.50000 10/01/2021 US 4,624.41 $4,667.60
31416BVW5 FEDERAL NATL MTG ASSN 995329 5.50000 12/01/2021 US 85,681.08 $86,994.15
31417YJC2 FEDERAL NATL MTG ASSN MA0258 4.50000 12/01/2039 US 762,799.32 $815,090.96
31418BBC9 FEDERAL NATL MTG ASSN MA1834 4.50000 02/01/2034 US 541,909.44 $573,010.59
31418BDH6 FEDERAL NATL MTG ASSN MA1903 4.50000 05/01/2034 US 502,948.32 $532,707.64
31418CAF1 FEDERAL NATL MTG ASSN FN MA2705 3.00000 08/01/2046 US 1,592,497.34 $1,606,425.04
31418CZ56 FEDERAL NATL MTG ASSN FN MA3463 4.00000 09/01/2033 US 2,483,821.89 $2,567,129.90
31418MG63 FEDERAL NATL MTG ASSN AD0220 6.00000 10/01/2038 US 41,964.87 $47,076.56
31418MGR7 FEDERAL NATL MTG ASSN AD0207 6.00000 10/01/2038 US 127,784.68 $143,410.73
31418MQQ8 FEDERAL NATL MTG ASSN AD0462 5.50000 10/01/2024 US 17,488.67 $18,289.57
31428X106 FEDEX CORPORATION US FDX 8,740 $1,348,407.20
315786AC7 FIDELITY & GUARA NTY LIFE 5.50000 05/01/2025 US 150,000 $152,025.00
316773100 FIFTH THIRD BANCORP US FITB 566 $14,999.00
32054K103 FIRST INDUSTRIAL REALTY TR US FR 2,005 $69,593.55
33834YAA6 FIVE POINT OP CO LP/FIVE 7.87500 11/15/2025 US 40,000 $39,800.00
346232AD3 FORESTAR GROUP INC 8.00000 04/15/2024 US 205,000 $208,075.00
34960PAB7 FORTRESS TRANS & INFRAST 6.50000 10/01/2025 US 160,000 $160,800.00
35563BAJ9 FREMF 2014-K37 B FLT 4.55895 01/25/2047 US 1,657,000 $1,779,999.94
35802XAD5 FRESENIUS MED CARE II 5.62500 07/31/2019 US 2,882,000 $2,891,684.44
36143WAN1 GAHR 2015-NRF BFX FLT 3.38216 12/15/2034 US 1,928,000 $1,922,134.83
36143WAS0 GAHR 2015-NRF DFX FLT 3.38216 12/15/2034 US 1,000,000 $995,380.30
36246MAT6 GTP AQUISITION PARTNERS 2.35000 06/15/2020 US 589,000 $586,071.32
36248EAA3 GSMS 2010-C2 3.84900 12/10/2043 US 47,924.78 $48,275.90
364760108 GAP INC US GPS 436 $8,144.48
369550108 GENERAL DYNAMICS CORP US GD 129 $20,745.78
369604BQ5 GENERAL ELECTRIC CO 5.00000 01/21/2021 US 2,110,000 $1,963,355.00
370334104 GENERAL MLS INC US GIS 462 $22,841.28
37045VAR1 GENERAL MOTORS CO FLT 3.50063 09/10/2021 US 1,800,000 $1,798,209.45
37045XAR7 GENERAL MOTORS FINL CO 3.15000 01/15/2020 US 2,120,000 $2,123,286.00
37185LAF9 GENESIS ENERGY LP/GENESI 5.62500 06/15/2024 US 130,000 $122,200.00
372460105 GENUINE PARTS CO US GPC 150 $14,835.00
374297109 GETTY REALTY CORP US GTY 2,320 $71,827.20
375558103 GILEAD SCIENCES INC US GILD 723 $45,006.75
37953TAB1 GLOBAL SHIP LEASE INC 9.87500 11/15/2022 MH 330,000 $334,950.00
38141GVR2 GOLDMAN SACHS GROUP INC 4.25000 10/21/2025 US 1,200,000 $1,242,806.04
38379RRX3 GNR 2017-54 AH MTGE 2.60000 12/16/2056 US 1,509,482.54 $1,480,758.60
400506101 GRUPO AEROPORTUARIO PAC-ADR MX PAC 340 $33,279.20
40060QAA3 GTCR AP FINANCE INC 8.00000 05/15/2027 US 20,000 $19,600.00
4012250 AIRBUS SE FR AIR FP 780 $99,866.40
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B0MP1B0 SHENZHOU INTERNATIONAL GROUP CN 2313 HK 4,300 $50,876.15
B0SWJX3 LONDON STOCK EXCHANGE GROUP GB LSE LN 2,895 $193,304.79
B11ZRK9 LEGRAND SA FR LR FP 325 $21,847.92
B15C557 TOTAL SA FR FP FP 2,130 $110,436.08
B1FW751 GALP ENERGIA SGPS SA PT GALP PL 7,045 $105,828.21
B1KFX13 GRUPO AEROPORTUARIO DEL CENT MX OMAB MM 7,900 $47,765.80
B1L3CS6 UBISOFT ENTERTAINMENT FR UBI FP 1,326 $108,360.61
B1XFTL2 HEXAGON AB-B SHS SE HEXAB SS 1,105 $51,256.15
B1XH026 VINCI SA FR DG FP 1,090 $107,486.75
B1Y9TB3 DANONE FR BN FP 3,021 $241,316.57
B1YVKN8 ANTA SPORTS PRODUCTS LTD CN 2020 HK 8,180 $50,374.75
B1YXBJ7 AIR LIQUIDE FR AI FP 535 $66,522.24
B1Z9Q99 ABOITIZ POWER CORP PH AP PM 34,100 $23,861.70
B247XZ6 MANILA ELECTRIC COMPANY PH MER PM 3,220 $23,794.08
B3NB1P2 SUNCOR ENERGY INC CA SU CN 2,605 $80,273.93
B3ZD2V9 MEX BONOS DESARR FIX RT 6.50000 06/10/2021 MX 3,460,000 $171,814.08
B4888C1 CANADIAN GOVERNMENT FLT 2.75000 06/01/2022 CA 433,000 $333,034.54
B4JSTL6 WYNN MACAU LTD MO 1128 HK 32,000 $68,371.55
B4NDCC9 MEX BONOS DESARR FIX RT 6.50000 06/09/2022 MX 5,621,000 $276,272.56
B4P8HQ1 MGM CHINA HOLDINGS LTD MO 2282 HK 30,400 $46,975.30
B4R2R50 JULIUS BAER CH BAER SW 1,205 $47,499.16
B4YN9R2 SINGAPORE GOVERNMENT 2.50000 06/01/2019 SG 739,000 $537,962.63
B5B23W2 SANDS CHINA LTD MO 1928 HK 15,600 $70,697.04
B5VJH76 BDO UNIBANK INC PH BDO PM 15,590 $41,274.27
B615Y14 MEX BONOS DESARR FIX RT 8.00000 06/11/2020 MX 8,562,000 $436,742.27
B61JC67 TREASURY WINE ESTATES LTD AU TWE AU 4,637 $48,180.36
B63QM77 NEXON CO LTD JP 3659 JP 14,600 $216,555.18
B6TC406 MEX BONOS DESARR FIX RT 7.75000 05/29/2031 MX 1,081,000 $53,560.90
B725S29 PUREGOLD PRICE CLUB INC PH PGOLD PM 19,700 $16,858.66
B7T7721 ROYAL BANK OF SCOTLAND GB RBS LN 18,665 $50,361.05
B92RW83 LT GROUP INC PH LTG PM 54,800 $15,695.86
BB22L96 KION GROUP AG DE KGX GR 685 $37,256.33
BBG00JQ6ZYX7 BKNG US 06/21/19 P1650 US -6 -$21,924.00
BBG00KT3R5C3 MDT US 06/21/19 P82.5 IE -121 -$1,815.00
BBG00NWQ17B7 DLTR US 5/31/19 P90 US -168 -$840.00
BBG00NYKM5H3 RAMP US 06/21/19 P50 US -200 -$25,000.00
BBG00P3GM1T7 ATVI US 06/28/19 P40 US -245 -$13,720.00
BBG00P3LNW08 EA US 06/14/19 P88 US -112 -$11,984.00
BBQ3850 KEYWORDS STUDIOS PLC IE KWS LN 597 $12,877.57
BD0PJ08 INMOBILIARIA COLONIAL SOCIMI ES COL SM 3,070 $33,988.02
BD3JR69 CHINA MAPLE LEAF EDUCATIONAL CN 1317 HK 84,000 $33,443.17
BD4TZK8 OCI NV NL OCI NA 835 $18,908.47
BD9Y5C0 TECHNOGYM SPA IT TGYM IM 4,695 $53,790.83
BD9Y9B7 BASIC-FIT NV NL BFIT NA 1,705 $55,428.26
BDQZ7T7 WISDOM EDUCATION INTERNATION CN 6068 HK 86,000 $44,916.79
BDZV116 EPIROC AB-A SE EPIA SS 1,270 $11,811.10
BF1K7P7 ESSITY AKTIEBOLAG-B SE ESSITYB SS 3,770 $110,614.28
BFTCYP4 ROBINSONS RETAIL HOLDINGS IN PH RRHI PM 11,560 $16,178.37
BGHQ198 HIBERNIA REIT PLC IE HBRN ID 41,405 $63,185.49
BH4TZ73 FU SHOU YUAN INTERNATIONAL CN 1448 HK 96,640 $76,425.02
BJ2KSG2 AKZO NOBEL NL AKZA NA 1,573 $132,493.31
BJT1GR5 ALCON INC CH ALC SW 940 $54,667.87
BMJ6DW5 INFORMA PLC GB INF LN 10,330 $101,244.97
BMMV2K8 TENCENT HOLDINGS LTD CN 700 HK 99,736 $4,158,757.43
BMTRW10 B&M EUROPEAN VALUE RETAIL SA GB BME LN 9,000 $40,040.81
BNGN9Z1 FINECOBANK SPA IT FBK IM 7,995 $82,609.80
BP9DL90 INDUSTRIA DE DISENO TEXTIL ES ITX SM 64,915 $1,733,553.50
BSQXJ01 THULE GROUP AB/THE SE THULE SS 3,850 $87,596.61
BSS7GP5 AGL ENERGY LTD AU AGL AU 7,145 $101,622.77
BYWPGC4 CHINA YUHUA EDUCATION CORP L CN 6169 HK 144,000 $58,801.75
BYXS699 QIAGEN N.V. NL QIA GR 1,907 $72,608.50
BYYHL23 ANHEUSER-BUSCH INBEV SA/NV BE ABI BB 45,510 $3,701,551.55
BYZFZ91 SOPHOS GROUP PLC GB SOPH LN 14,870 $78,266.02
BYZR014 AMUNDI SA FR AMUN FP 515 $33,372.50
G0772R208 BANK OF N.T. BUTTERFIELD&SON BM NTB 1,435 $47,383.70
G25839104 COCA-COLA EUROPEAN PARTNERS GB CCEP 2,030 $112,462.00
G27358103 DESPEGAR.COM CORP AR DESP 1,730 $20,760.00
G29183103 EATON CORP PLC US ETN 306 $22,793.94
G37585AC3 GASLOG LTD 8.87500 03/22/2022 BM 272,000 $279,820.00
G45667105 HOLLYSYS AUTOMATION TECHNOLOGIES CN HOLI 1,850 $32,967.00
G51502105 JOHNSON CONTROLS INTERNATIONAL US JCI 581 $22,380.12
G5960L103 MEDTRONIC INC IE MDT 59,053 $5,467,126.74
G97822103 PERRIGO CO PLC IE PRGO 1,695 $71,223.90
H01301128 ALCON INC CH ALC 12,424 $722,828.32
H1467J104 CHUBB LTD CH CB 188 $27,461.16
H8817H100 TRANSOCEAN LTD US RIG 91,500 $567,300.00
N22717107 CORE LABORATORIES N.V. NL CLB 805 $38,350.20
N47279109 INTERXION HOLDING NV NL INXN 37,895 $2,793,240.45
N53745100 LYONDELLBASELL INDU-CL A US LYB 281 $20,864.25
N72482123 QIAGEN N.V. ADR NL QGEN 1,126 $42,878.08
USD US DOLLAR US 637,999.51 $637,999.51

Investments will change over time.

Distributions

  • Pro-Blend® Moderate Term Series Class I Distribution History
  • 2019 Distribution Calendar
  • Fourth Quarter 2018 Distributions
  • Third Quarter 2018 Distributions
  • Second Quarter 2019 Distributions
  • First Quarter 2019 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

$9.91

Daily $ Change

$0.02

Daily % Change

0.20%

as of 06/24/2019

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
Fact Sheet
Applications & Forms

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 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 15+ Years 7-20 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 05/31/2019

YTD

7.78%

1 Year

4.01%

3 Year

5.21%

5 Year

2.75%

10 Year

6.64%

Inception
(09/15/1993)

6.51%

US Stock Market Cycle (04/01/2000 - 05/31/2019)

5.85%

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. 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 0.84%

Top Ten Investments

As of 05/31/2019

TREASURY BONDS 8.24%
GOVERNMENT AGENCY 8.20%
TREASURY NOTES 7.83%
UNITED STATES TREAS INFL INDEX 0.12500 04/15/2020 3.17%
EXPORT-IMPORT BANK KOREA 2.62500 12/30/2020 1.68%
MICROSOFT CORP 1.47%
MEDTRONIC INC 1.37%
NOVARTIS AG- REG 1.31%
MASTERCARD INC-CLASS A 1.22%
VISA INC - CLASS A SHARES 1.12%

This investment list is unaudited and excludes cash.

Asset Allocation

As of 05/31/2019

Bonds
63.87%
Stocks
35.97%
Cash
0.16%

Detailed Asset Class Allocation

As of 05/31/2019

International Equities
14.03%
Small Capitalization
0.40%
Mid Capitalization
1.00%
Large Capitalization
20.53%
Long Term Fixed Income
23.69%
Intermediate Term Fixed Income
26.40%
Short Term Fixed Income
13.79%
Cash
0.16%

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

May Fund Holdings

As of 05/31/2019

CUSIP Security Description Country Ticker Shares/Par Market Value (USD)
00101JAM8 ADT CORP 5.25000 03/15/2020 US 105,000 $106,050.00
00206RDQ2 AT&T INC 4.25000 03/01/2027 US 2,350,000 $2,448,989.57
00254EML3 SWEDISH EXPORT CREDIT 1.12500 08/28/2019 SE 3,200,000 $3,190,752.00
00287Y109 ABBVIE INC US ABBV 735 $56,381.85
004239109 ACADIA REALTY TRUST US AKR 1,335 $36,512.25
00507V109 ACTIVISION INC US ATVI 44,300 $1,921,291.00
00774MAG0 AERCAP IRELAND CAP / GLOBA 4.45000 10/01/2025 IE 2,430,000 $2,507,060.28
0081180 BARRATT DEVELOPMENTS PLC GB BDEV LN 10,675 $75,299.71
008492100 AGREE REALTY CORP US ADC 825 $55,233.75
00928QAK7 AIRCASTLE LTD 6.25000 12/01/2019 BM 1,360,000 $1,381,999.21
015271109 ALEXANDRIA REAL EST EQUITIES US ARE 310 $45,387.10
01609W102 ALIBABA GROUP - ADR CN BABA 585 $87,317.10
020002101 ALLSTATE CORPORATION US ALL 175 $16,714.25
02079K107 ALPHABET INC-CL C US GOOG 2,495 $2,753,556.85
02079K305 ALPHABET INC-CL A US GOOGL 2,420 $2,677,730.00
023135106 AMAZON.COM INC US AMZN 720 $1,278,050.40
02319V103 AMBEV SA-ADR BR ABEV 353,451 $1,579,925.97
0237400 DIAGEO PLC GB DGE LN 81,198 $3,415,324.33
02376RAA0 AMERICAN AIRLINES GROUP 5.50000 10/01/2019 US 615,000 $617,306.25
024835100 AMERICAN CAMPUS COMMUNITIES US ACC 1,320 $61,142.40
0263494 BAE SYSTEMS PLC GB BA/ LN 16,175 $92,470.15
02665T306 AMERICAN HOMES 4 RENT- A US AMH 8,060 $196,744.60
02753GAA7 AMERICAN MIDSTREAM PTR/F 9.50000 12/15/2021 US 175,000 $169,750.00
03019LAA4 AMERICAN TANKER INC 9.25000 02/22/2022 US 135,000 $136,317.87
03027X100 AMERICAN TOWER REIT INC US AMT 8,150 $1,701,475.50
03063NAA5 AMERICOLD LLC TRUST 3.84730 01/14/2029 US 84,166.83 $84,990.37
03064D108 AMERICOLD REALTY TRUST US COLD 1,255 $39,281.50
031162100 AMGEN INC US AMGN 326 $54,344.20
03748R754 APARTMENT INVT & MGMT CO -A US AIV 2,441 $121,927.95
03784Y200 APPLE HOSPITALITY REIT INC US APLE 2,330 $35,975.20
038222105 APPLIED MATERIALS INC US AMAT 492 $19,035.48
039483102 ARCHER-DANIELS-MIDLAND CO US ADM 344 $13,182.08
03968AAA9 ARD SECURITIES FINANCE 8.75000 01/31/2023 LU 20,000 $19,200.00
0405207 HALMA PLC GB HLMA LN 2,535 $58,085.57
045086AF2 ASHTON WOODS USA/FINANCE 6.75000 08/01/2025 US 30,000 $28,050.00
0490656 KERRY GROUP PLC-A IE KYGA LN 1,035 $119,094.43
05278C107 AUTOHOME INC-ADR CN ATHM 945 $81,175.50
053484101 AVALONBAY COMMUNITIES INC US AVB 1,360 $276,093.60
054937107 BB&T CORP US BBT 368 $17,204.00
05722G100 BAKER HUGHES A GE CO US BHGE 601 $12,867.41
060505104 BANK OF AMERICA CORP US BAC 2,411 $64,132.60
06051GFM6 BANK OF AMERICA CORP 4.00000 01/22/2025 US 3,530,000 $3,643,624.28
0673123 ASSOCIATED BRITISH FOODS PLC GB ABF LN 3,295 $102,701.43
0682538 PERSIMMON PLC GB PSN LN 3,040 $75,620.99
084670702 BERKSHIRE HATHAWAY INC-CL B US BRK/B 19,375 $3,825,012.50
086516101 BEST BUY INC US BBY 239 $14,978.13
0870612 LLOYDS BANKING GROUP PLC GB LLOY LN 137,235 $99,194.27
0878230 TAYLOR WIMPEY PLC GB TW/ LN 36,085 $75,394.15
09061G101 BIOMARIN PHARMACEUTICAL INC US BMRN 16,370 $1,346,268.80
0922320 SMITH & NEPHEW PLC GB SN/ LN 5,360 $112,607.43
09247X101 BLACKROCK INC US BLK 1,610 $669,051.60
0946580 WEIR GROUP PLC/THE GB WEIR LN 6,995 $129,344.52
097023105 BOEING CO US BA 225 $76,862.25
09857L108 BOOKING HOLDINGS INC US BKNG 2,480 $4,107,425.60
101121101 BOSTON PROPERTIES INC US BXP 1,565 $204,748.95
105368203 BRANDYWINE REALTY TRUST US BDN 10,745 $162,356.95
110122108 BRISTOL MYERS SQUIBB CO US BMY 811 $36,795.07
110448107 BRITISH AMERICAN TOB-SP ADR GB BTI 1,170 $40,563.90
11134LAB5 BROADCOM CRP / CAYMN FI 2.37500 01/15/2020 US 2,110,000 $2,104,256.45
11135F101 BROADCOM INC US AVGO 181 $45,546.84
11680JAA0 BRUIN E&P PARTNERS LLC 8.87500 08/01/2023 US 140,000 $125,650.00
12503M108 CBOE GLOBAL MARKETS INC US CBOE 15,120 $1,641,124.80
12541W209 C.H. ROBINSON WORLDWIDE INC US CHRW 160 $12,740.80
12555DAA3 CIM 2019-INV1 A1 4.00000 02/25/2049 US 639,797.25 $659,728.66
12572Q105 CME GROUP INC US CME 8,710 $1,673,365.20
12592BAB0 CNH INDUSTRIAL CAPITAL L 3.37500 07/15/2019 US 3,180,000 $3,176,025.00
12646XAH5 CSMC 2013-IVR3 A1 2.50000 05/25/2043 US 980,578.83 $949,033.71
126650100 CVS HEALTH CORP US CVS 670 $35,087.90
12770QAA3 CZR 2017-VICI A 3.53100 10/15/2034 US 1,850,000 $1,907,099.51
133131102 CAMDEN PROPERTY TRUST US CPT 395 $40,827.20
13321L108 CAMECO CORP CA CCJ 6,234 $62,901.06
149123101 CATERPILLAR INC US CAT 278 $33,307.18
149806AA9 CAZ 2015-1A A 2.00000 12/10/2023 US 41,789.22 $41,676.01
14980AAA0 CAZENOVIA CREEK FUNDING LLC 3.56070 07/15/2030 US 1,189,875.47 $1,191,770.82
156504AH5 CENTURY COMMUNITIES 5.87500 07/15/2025 US 122,000 $118,950.00
156504AJ1 CENTURY COMMUNITIES 6.75000 06/01/2027 US 100,000 $98,470.00
165183AL8 CFII 2017-2A A1 1.99000 05/15/2029 US 3,260,993.18 $3,245,199.21
165240102 CHESAPEAKE LODGING TRUST US CHSP 1,925 $55,382.25
166764100 CHEVRON CORP US CVX 569 $64,780.65
17275R102 CISCO SYSTEMS INC US CSCO 1,680 $87,410.40
172967424 CITIGROUP INC US C 705 $43,815.75
172967EW7 CITIGROUP INC 8.12500 07/15/2039 US 1,260,000 $1,946,737.03
191216100 COCA COLA CO/THE US KO 67,230 $3,303,009.90
194162103 COLGATE-PALMOLIVE CO US CL 510 $35,506.20
2011646 ALIMENTATION COUCHE-TARD -B CA ATD/B CN 1,880 $115,378.81
20369C106 COMMUNITY HEALTHCARE TRUST I US CHCT 2,710 $106,042.30
205887102 CONAGRA BRAND INC. US CAG 392 $10,493.84
21036PAM0 CONSTELLATION BRANDS INC 3.87500 11/15/2019 US 1,180,000 $1,185,634.74
222795106 COUSINS PROPERTIES INC US CUZ 16,355 $148,012.75
22546QAD9 CREDIT SUISSE AG 5.40000 01/14/2020 CH 2,620,000 $2,660,277.21
22822V101 CROWN CASTLE INTL CORP US CCI 910 $118,309.10
22944PAA5 CSMC 2013-TH1 A1 2.13000 02/25/2043 US 663,312.81 $647,729.60
229663109 CUBESMART US CUBE 1,635 $55,132.20
231021106 CUMMINS INC US CMI 124 $18,694.24
23311RAD8 DCP MIDSTREAM OPERATING 5.35000 03/15/2020 US 105,000 $106,181.25
2347608 FIRST QUANTUM MINERALS LTD CA FM CN 2,745 $19,984.31
2434760 MEXICHEM SAB DE CV MX MEXCHEM* MM 23,200 $48,379.82
2521800 LOBLAW COMPANIES LTD CA L CN 2,275 $116,746.08
25271C102 DIAMOND OFFSHORE DRILLING US DO 56,810 $447,094.70
253868103 DIGITAL REALTY TRUST INC US DLR 995 $117,131.40
25470DAT6 DISCOVERY COMMUNICATIONS 5.20000 09/20/2047 US 2,510,000 $2,513,744.12
25787GAC4 DONNELLEY FINANCIAL SOL 8.25000 10/15/2024 US 105,000 $107,362.50
25960P109 DOUGLAS EMMETT INC US DEI 1,800 $72,522.00
260557103 DOW INC US DOW 387 $18,096.12
26151AAA7 DRAX FINCO PLC 6.62500 11/01/2025 GB 250,000 $253,442.50
26780TAA5 DYNAGAS LNG PARTNERS/FIN 6.25000 10/30/2019 MH 286,000 $270,455.90
269246401 ETRADE FINANCIAL CORP US ETFC 16,360 $732,928.00
2715777 QUEBECOR INC -CL B CA QBR/B CN 33,585 $792,661.66
277432100 EASTMAN CHEM CO US EMN 151 $9,802.92
2801836 SHAW COMMUNICATIONS INC-B CA SJR/B CN 43,130 $875,938.52
285512109 ELECTRONIC ARTS US EA 23,425 $2,180,399.00
2866857 LUNDIN MINING CORP CA LUN CN 4,265 $19,059.34
291011104 EMERSON ELEC CO US EMR 421 $25,361.04
29273RAR0 ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 US 1,620,000 $1,823,122.49
29444U700 EQUINIX INC US EQIX 5,260 $2,555,255.40
29472R108 EQUITY LIFESTYLE PROPERTIES US ELS 860 $104,627.60
29476L107 EQUITY RESIDENTIAL US EQR 3,385 $259,189.45
29670E107 ESSENTIAL PROPERTIES REALTY US EPRT 3,915 $83,232.90
297178105 ESSEX PROPERTY TRUST INC US ESS 615 $179,420.10
302154BV0 EXPORT-IMPORT BANK KOREA 2.62500 12/30/2020 KR 6,700,000 $6,709,902.60
30225T102 EXTRA SPACE STORAGE INC US EXR 580 $62,152.80
30251JAA9 FDIC 2011-R1 A 2.67200 07/25/2026 US 78,578.69 $78,290.84
30261UAJ3 FREMF 2013-K713 B 3.15445 04/25/2046 US 1,350,000 $1,352,278.80
30264DAA7 FS ENERGY & POWER FUND 7.50000 08/15/2023 US 205,000 $207,050.00
30291HAA5 FREMF 2013-K28 X2A 0.10000 06/25/2046 US 125,251,293.93 $377,269.42
311900104 FASTENAL CO US FAST 482 $14,744.38
3128M5NM8 FHLM POOL G03696 5.50000 01/01/2038 US 1,292.23 $1,416.84
3128M5RA0 FHLM POOL G03781 6.00000 01/01/2038 US 196,764.39 $220,682.18
3128M5VT4 FHLM POOL G03926 6.00000 02/01/2038 US 192,043.94 $215,713.02
3128M6SU3 FHLM POOL G04731 5.50000 04/01/2038 US 196,281.36 $214,740.37
3128M73H7 FHLM POOL G05900 6.00000 03/01/2040 US 112,582.05 $126,066.66
3128M73P9 FHLM POOL G05906 6.00000 04/01/2040 US 160,408.82 $180,213.34
3128MB4Q7 FHLM POOL G13331 5.50000 10/01/2023 US 10,409.66 $10,763.07
3128MBDP9 FHLM POOL G12610 6.00000 03/01/2022 US 22,121.05 $22,637.98
3128MBE45 FHLM POOL G12655 6.00000 05/01/2022 US 15,313.23 $15,758.05
3128MBRH2 FHLM POOL G12988 6.00000 01/01/2023 US 12,750.25 $13,211.16
3128MBUB1 FHLM POOL G13078 6.00000 03/01/2023 US 21,721.97 $22,435.79
3128MJJT8 FHLM POOL G08273 5.50000 06/01/2038 US 247,895.39 $269,839.95
3128P75X7 FHLM POOL C91762 4.50000 05/01/2034 US 670,861.75 $711,098.70
312941F69 FHLM POOL A92889 4.50000 07/01/2040 US 1,529,225.73 $1,636,303.92
31335AFY9 FHLM POOL G60183 4.00000 12/01/2044 US 716,173.64 $744,889.37
31336WBS7 FHLM POOL G11850 5.50000 07/01/2020 US 7,424.37 $7,436.56
3134865 BARCLAYS PLC GB BARC LN 26,565 $50,064.03
3136AY6W8 FNA 2017-M15 A1 2.95932 09/25/2027 US 1,289,924.28 $1,328,103.07
3136B1YD0 FNR 2018-31 KP 3.50000 07/25/2047 US 1,240,634.54 $1,284,081.31
313747206 FEDERAL RLTY INVT TR SH BEN INT US FRT 305 $39,872.65
3137A2B34 FHMS K009 X1 FLT 1.26039 08/25/2020 US 12,588,300.07 $156,422.22
3137ADTK3 FHMS K014 X1 FLT 1.14912 04/25/2021 US 7,787,640.25 $144,973.15
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83406CAA7 SCLP 2019-2 A MTGE 3.01000 04/25/2028 US 1,110,000 $1,116,313.79
83406EAB1 SOFI 2018-A A2A 2.39000 02/25/2042 US 530,611.68 $529,485.19
84265VAD7 SOUTHERN COPPER CORP 5.37500 04/16/2020 US 2,270,000 $2,320,615.42
845467AL3 SOUTHWESTERN ENERGY CO 6.20000 01/23/2025 US 204,000 $189,656.76
85207UAH8 SPRINT CORP 7.12500 06/15/2024 US 100,000 $104,000.00
85254J102 STAG INDUSTRIAL INC US STAG 3,080 $89,874.40
855030AN2 STAPLES INC 7.50000 04/15/2026 US 155,000 $148,817.05
85571XAA5 SRPT 2014-STAR A FLTG RATE 3.65963 11/15/2027 US 1,590,953.43 $1,585,966.59
862121100 STORE CAPITAL CORP US STOR 1,315 $44,999.30
866674104 SUN COMMUNITIES US SUI 1,410 $178,040.70
867892101 SUNSTONE HOTEL INVESTORS INC US SHO 3,490 $46,835.80
867914103 SUNTRUST BANKS INC US STI 286 $17,162.86
871829107 SYSCO CORP US SYY 361 $24,844.02
874080104 TAL EDUCATION GROUP - ADR CN TAL 800 $27,528.00
876664103 TAUBMAN CTRS INC US TCO 540 $23,954.40
87677QAA9 TXEZ 2016-1A 3.13100 06/15/2028 US 274,220.64 $273,064.53
87854WAA1 TECHNIPLAS LLC 10.00000 05/01/2020 US 205,000 $188,600.00
88160RAE1 TESLA INC 5.30000 08/15/2025 US 20,000 $16,300.40
882508104 TEXAS INSTRUMENTS INC US TXN 465 $48,504.15
88579Y101 3M CO US MMM 310 $49,522.50
88650V208 TIER REIT INC US TIER 5,120 $137,830.40
89173CAA5 TPMT 2016-5 A1 2.50000 10/25/2056 US 1,286,905.65 $1,278,944.85
89173FAA8 TPMT 2017-1 A1 2.75000 10/25/2056 US 1,001,420.33 $999,426.80
89177EAA7 TPMT 2019-HY1 A1 3.42975 10/25/2048 US 975,175.84 $979,099.75
89417E109 TRAVELLERS COS INC US TRV 132 $19,215.24
89613BAA5 TAH 2016-SFR1 A 2.58900 11/17/2033 US 1,178,221.58 $1,174,455.87
89613FAA6 TAH 2017-SFR2 A 2.92800 01/17/2036 US 1,246,864.21 $1,252,903.40
901109AF5 TUTOR PERINI CORP 6.87500 05/01/2025 US 226,000 $217,039.10
902494103 TYSON FOODS INC -CL A US TSN 207 $15,709.23
902653104 UDR INC US UDR 3,045 $136,355.10
902973304 U.S. BANCORP US USB 836 $41,967.20
903002103 UMH PROPERTIES INC US UMH 2,885 $38,399.35
904767704 UNILEVER PLC - ADR GB UL 50,709 $3,088,685.19
907818108 UNION PAC CORP US UNP 335 $55,871.30
911312106 UNITED PARCEL SERVICE US UPS 492 $45,716.64
912796SJ9 TREASURY BILL 0.00000 09/19/2019 US 3,095,000 $3,073,656.11
912810FM5 UNITED STATES TREAS BOND 6.25000 05/15/2030 US 6,071,000 $8,479,005.20
912810PT9 UNITED STATES TREAS BOND 4.75000 02/15/2037 US 6,414,000 $8,673,181.16
912810QV3 UNITED STATES TREAS INFL INDEX 0.75000 02/15/2042 US 2,224,422.95 $2,240,085.76
912810RK6 US TREASURY N/B 2.50000 02/15/2045 US 9,058,000 $8,932,744.89
912810RX8 US TREASURY N/B 3.00000 05/15/2047 US 6,345,000 $6,878,376.56
9128283W8 US TREASURY N/B 2.75000 02/15/2028 US 8,445,000 $8,870,878.73
9128286B1 US TREASURY N/B 2.62500 02/15/2029 US 4,910,000 $5,116,181.65
912828K33 UNITED STATES TREAS INFL INDEX 0.12500 04/15/2020 US 12,790,229.4 $12,687,807.67
912828R36 US TREASURY N/B 1.62500 05/15/2026 US 9,007,000 $8,768,807.09
912828X88 US TREASURY N/B 2.37500 05/15/2027 US 8,353,000 $8,537,027.03
913017109 UNITED TECHNOLOGIES CORP US UTX 394 $49,762.20
91704F104 URBAN EDGE PROPERTIES US UE 5,210 $89,872.50
918204108 VF CORP US VFC 280 $22,926.40
91913Y100 VALERO ENERGY US VLO 300 $21,120.00
92189F106 MARKET VECTORS GOLD MINERS US 4,970 $107,302.30
92276F100 VENTAS INC US VTR 2,105 $135,351.50
92339V100 VEREIT INC US VER 14,065 $124,897.20
92343VDV3 VERIZON COMMUNICATIONS 5.50000 03/16/2047 US 3,230,000 $3,906,214.00
92532F100 VERTEX PHARMACEUTICALS INC US VRTX 8,460 $1,405,882.80
92553P201 VIACOM INC CL B US VIAB 378 $10,973.34
92826C839 VISA INC - CLASS A SHARES US V 27,650 $4,460,774.50
92840JAA7 VISTAJET MALTA/XO MGMT 10.50000 06/01/2024 MUL 140,000 $136,318.00
92903PAC3 VNO 2010 - VNO A2FX 4.00350 09/13/2028 US 350,000 $354,606.35
929042109 VORNADO REALTY TRUST US VNO 1,150 $76,164.50
92922PAL0 W & T OFFSHORE INC 9.75000 11/01/2023 US 105,000 $103,293.75
93065PAA9 WBHT 2019-WBM A FLT 3.48963 12/15/2033 US 965,000 $959,305.05
931142103 WAL MART STORES US WMT 1,010 $102,454.40
931427108 WALGREENS BOOTS ALLIANCE INC US WBA 534 $26,347.56
94106L109 WASTE MANAGEMENT INC US WM 275 $30,071.25
94856UAA9 WEEKLEY HOMES LLC/ FINAN 6.62500 08/15/2025 US 256,000 $251,520.00
948741103 WEINGARTEN REALTY INVESTORS US WRI 3,370 $95,034.00
949746101 WELLS FARGO COMPANY US WFC 1,805 $80,087.85
95040Q104 WELLTOWER INC. US WELL 1,705 $138,480.10
958102105 WESTERN DIGITAL CORP US WDC 274 $10,198.28
962178AL3 TRI POINTE HOLDINGS INC 4.37500 06/15/2019 US 490,000 $486,325.00
962178AN9 TRI POINTE GROUP / HOMES 5.87500 06/15/2024 US 160,000 $158,427.20
96949LAD7 WILLIAMS PARTNERS LP 3.75000 06/15/2027 US 1,840,000 $1,862,020.83
97651JAE6 WINWATER MORTGAGE LOAN TRUST 3.50000 03/20/2045 US 606,819.51 $608,654.96
97652TAA1 WIN 2015-1 A1 3.50000 01/20/2045 US 762,923.13 $768,493.84
AP8694550 BOREALIS FINANCE LLC 7.50000 11/16/2022 MH 400,000 $386,520.00
B01FLR7 PING AN INSURANCE GROUP CO-H CN 2318 HK 7,500 $83,221.59
B02L3W3 BERKELEY GROUP HOLDINGS GB BKG LN 1,700 $75,150.38
B037JC2 NEXITY FR NXI FP 375 $16,532.80
B058TZ6 SAFRAN SA FR SAF FP 420 $55,106.35
B068DB9 SM INVESTMENTS CORP PH SM PM 2,120 $38,309.61
B07DRZ5 RECORDATI SPA IT REC IM 2,790 $115,249.77
B0C2CQ3 ENGIE FR ENGI FP 2,380 $33,180.65
B0MP1B0 SHENZHOU INTERNATIONAL GROUP CN 2313 HK 4,300 $50,876.15
B0SWJX3 LONDON STOCK EXCHANGE GROUP GB LSE LN 2,895 $193,304.79
B11ZRK9 LEGRAND SA FR LR FP 325 $21,847.92
B15C557 TOTAL SA FR FP FP 2,130 $110,436.08
B1FW751 GALP ENERGIA SGPS SA PT GALP PL 7,045 $105,828.21
B1KFX13 GRUPO AEROPORTUARIO DEL CENT MX OMAB MM 7,900 $47,765.80
B1L3CS6 UBISOFT ENTERTAINMENT FR UBI FP 1,326 $108,360.61
B1XFTL2 HEXAGON AB-B SHS SE HEXAB SS 1,105 $51,256.15
B1XH026 VINCI SA FR DG FP 1,090 $107,486.75
B1Y9TB3 DANONE FR BN FP 3,021 $241,316.57
B1YVKN8 ANTA SPORTS PRODUCTS LTD CN 2020 HK 8,180 $50,374.75
B1YXBJ7 AIR LIQUIDE FR AI FP 535 $66,522.24
B1Z9Q99 ABOITIZ POWER CORP PH AP PM 34,100 $23,861.70
B247XZ6 MANILA ELECTRIC COMPANY PH MER PM 3,220 $23,794.08
B3NB1P2 SUNCOR ENERGY INC CA SU CN 2,605 $80,273.93
B3ZD2V9 MEX BONOS DESARR FIX RT 6.50000 06/10/2021 MX 3,460,000 $171,814.08
B4888C1 CANADIAN GOVERNMENT FLT 2.75000 06/01/2022 CA 433,000 $333,034.54
B4JSTL6 WYNN MACAU LTD MO 1128 HK 32,000 $68,371.55
B4NDCC9 MEX BONOS DESARR FIX RT 6.50000 06/09/2022 MX 5,621,000 $276,272.56
B4P8HQ1 MGM CHINA HOLDINGS LTD MO 2282 HK 30,400 $46,975.30
B4R2R50 JULIUS BAER CH BAER SW 1,205 $47,499.16
B4YN9R2 SINGAPORE GOVERNMENT 2.50000 06/01/2019 SG 739,000 $537,962.63
B5B23W2 SANDS CHINA LTD MO 1928 HK 15,600 $70,697.04
B5VJH76 BDO UNIBANK INC PH BDO PM 15,590 $41,274.27
B615Y14 MEX BONOS DESARR FIX RT 8.00000 06/11/2020 MX 8,562,000 $436,742.27
B61JC67 TREASURY WINE ESTATES LTD AU TWE AU 4,637 $48,180.36
B63QM77 NEXON CO LTD JP 3659 JP 14,600 $216,555.18
B6TC406 MEX BONOS DESARR FIX RT 7.75000 05/29/2031 MX 1,081,000 $53,560.90
B725S29 PUREGOLD PRICE CLUB INC PH PGOLD PM 19,700 $16,858.66
B7T7721 ROYAL BANK OF SCOTLAND GB RBS LN 18,665 $50,361.05
B92RW83 LT GROUP INC PH LTG PM 54,800 $15,695.86
BB22L96 KION GROUP AG DE KGX GR 685 $37,256.33
BBG00JQ6ZYX7 BKNG US 06/21/19 P1650 US -6 -$21,924.00
BBG00KT3R5C3 MDT US 06/21/19 P82.5 IE -121 -$1,815.00
BBG00NWQ17B7 DLTR US 5/31/19 P90 US -168 -$840.00
BBG00NYKM5H3 RAMP US 06/21/19 P50 US -200 -$25,000.00
BBG00P3GM1T7 ATVI US 06/28/19 P40 US -245 -$13,720.00
BBG00P3LNW08 EA US 06/14/19 P88 US -112 -$11,984.00
BBQ3850 KEYWORDS STUDIOS PLC IE KWS LN 597 $12,877.57
BD0PJ08 INMOBILIARIA COLONIAL SOCIMI ES COL SM 3,070 $33,988.02
BD3JR69 CHINA MAPLE LEAF EDUCATIONAL CN 1317 HK 84,000 $33,443.17
BD4TZK8 OCI NV NL OCI NA 835 $18,908.47
BD9Y5C0 TECHNOGYM SPA IT TGYM IM 4,695 $53,790.83
BD9Y9B7 BASIC-FIT NV NL BFIT NA 1,705 $55,428.26
BDQZ7T7 WISDOM EDUCATION INTERNATION CN 6068 HK 86,000 $44,916.79
BDZV116 EPIROC AB-A SE EPIA SS 1,270 $11,811.10
BF1K7P7 ESSITY AKTIEBOLAG-B SE ESSITYB SS 3,770 $110,614.28
BFTCYP4 ROBINSONS RETAIL HOLDINGS IN PH RRHI PM 11,560 $16,178.37
BGHQ198 HIBERNIA REIT PLC IE HBRN ID 41,405 $63,185.49
BH4TZ73 FU SHOU YUAN INTERNATIONAL CN 1448 HK 96,640 $76,425.02
BJ2KSG2 AKZO NOBEL NL AKZA NA 1,573 $132,493.31
BJT1GR5 ALCON INC CH ALC SW 940 $54,667.87
BMJ6DW5 INFORMA PLC GB INF LN 10,330 $101,244.97
BMMV2K8 TENCENT HOLDINGS LTD CN 700 HK 99,736 $4,158,757.43
BMTRW10 B&M EUROPEAN VALUE RETAIL SA GB BME LN 9,000 $40,040.81
BNGN9Z1 FINECOBANK SPA IT FBK IM 7,995 $82,609.80
BP9DL90 INDUSTRIA DE DISENO TEXTIL ES ITX SM 64,915 $1,733,553.50
BSQXJ01 THULE GROUP AB/THE SE THULE SS 3,850 $87,596.61
BSS7GP5 AGL ENERGY LTD AU AGL AU 7,145 $101,622.77
BYWPGC4 CHINA YUHUA EDUCATION CORP L CN 6169 HK 144,000 $58,801.75
BYXS699 QIAGEN N.V. NL QIA GR 1,907 $72,608.50
BYYHL23 ANHEUSER-BUSCH INBEV SA/NV BE ABI BB 45,510 $3,701,551.55
BYZFZ91 SOPHOS GROUP PLC GB SOPH LN 14,870 $78,266.02
BYZR014 AMUNDI SA FR AMUN FP 515 $33,372.50
G0772R208 BANK OF N.T. BUTTERFIELD&SON BM NTB 1,435 $47,383.70
G25839104 COCA-COLA EUROPEAN PARTNERS GB CCEP 2,030 $112,462.00
G27358103 DESPEGAR.COM CORP AR DESP 1,730 $20,760.00
G29183103 EATON CORP PLC US ETN 306 $22,793.94
G37585AC3 GASLOG LTD 8.87500 03/22/2022 BM 272,000 $279,820.00
G45667105 HOLLYSYS AUTOMATION TECHNOLOGIES CN HOLI 1,850 $32,967.00
G51502105 JOHNSON CONTROLS INTERNATIONAL US JCI 581 $22,380.12
G5960L103 MEDTRONIC INC IE MDT 59,053 $5,467,126.74
G97822103 PERRIGO CO PLC IE PRGO 1,695 $71,223.90
H01301128 ALCON INC CH ALC 12,424 $722,828.32
H1467J104 CHUBB LTD CH CB 188 $27,461.16
H8817H100 TRANSOCEAN LTD US RIG 91,500 $567,300.00
N22717107 CORE LABORATORIES N.V. NL CLB 805 $38,350.20
N47279109 INTERXION HOLDING NV NL INXN 37,895 $2,793,240.45
N53745100 LYONDELLBASELL INDU-CL A US LYB 281 $20,864.25
N72482123 QIAGEN N.V. ADR NL QGEN 1,126 $42,878.08
USD US DOLLAR US 637,999.51 $637,999.51

Investments will change over time.

Distributions

  • Pro-Blend® Moderate Term Series Class I Distribution History
  • 2019 Distribution Calendar
  • Fourth Quarter 2018 Distributions
  • Third Quarter 2018 Distributions
  • Second Quarter 2019 Distributions
  • First Quarter 2019 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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