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 stocks, bonds, alternatives, and cash 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

$9.83

Daily $ Change

-$0.07

Daily % Change

-0.71%

as of 10/18/2018

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
XBRL-3/20/18

Performance

As of 09/30/2018

YTD

1.79%

1 Year

3.14%

3 Year

6.00%

5 Year

4.04%

10 Year

5.60%

Inception
(09/15/1993)

6.59%

US Stock Market Cycle (04/01/2000 - 09/30/2018)

5.93%

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 0.83%

Top Ten Investments

As of 09/30/2018

TREASURY NOTES 13.14%
GOVERNMENT AGENCY 8.53%
TREASURY BONDS 4.94%
UNITED STATES TREAS INFL INDEX 0.12500 04/15/2020 4.51%
INCYTE CORP 1.62%
BOOKING HOLDINGS INC 1.28%
NOVARTIS AG- REG 1.15%
MASTERCARD INC-CLASS A 1.13%
EXPORT-IMPORT BANK KOREA 2.62500 12/30/2020 1.12%
QORVO INC 1.10%

This investment list is unaudited and excludes cash.

Asset Allocation

As of 09/30/2018

Bonds 61.33%
Stocks 37.62%
Cash 1.05%

Detailed Asset Class Allocation

As of 09/30/2018

International Equities 13.05%
Small Capitalization 0.58%
Mid Capitalization 3.69%
Large Capitalization 20.30%
Long Term Fixed Income 17.26%
Intermediate Term Fixed Income 30.05%
Short Term Fixed Income 14.02%
Cash 1.05%

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

September Fund Holdings

As of 09/30/2018

CUSIP Security Description Country Ticker Shares/Par Market Value (USD)
00101JAM8 ADT CORP 5.25000 03/15/2020 US 105,000 $106,575.00
00206RDQ2 AT&T INC 4.25000 03/01/2027 US 3,030,000 $2,990,859.70
00254EML3 SWEDISH EXPORT CREDIT 1.12500 08/28/2019 SE 3,200,000 $3,152,576.00
00289XAA7 ABENGOA YIELD PLC 7.00000 11/15/2019 GB 445,000 $453,900.00
004239109 ACADIA REALTY TRUST US AKR 2,400 $67,272.00
0045614 ANTOFAGASTA PLC GB ANTO LN 18,325 $203,635.03
0053673 ASHTEAD GROUP PLC GB AHT LN 2,825 $89,632.88
00774MAG0 AERCAP IRELAND CAP / GLOBA 4.45000 10/01/2025 IE 2,980,000 $2,948,608.29
0081180 BARRATT DEVELOPMENTS PLC GB BDEV LN 5,235 $38,660.46
008492100 AGREE REALTY CORP US ADC 1,080 $57,369.60
00928QAK7 AIRCASTLE LTD 6.25000 12/01/2019 BM 100,000 $103,140.16
015271109 ALEXANDRIA REAL EST EQUITIES US ARE 435 $54,718.65
01609W102 ALIBABA GROUP - ADR CN BABA 19,135 $3,152,682.60
01609WAT9 ALIBABA GROUP HOLDING 3.40000 12/06/2027 KY 5,050,000 $4,707,077.38
01748XAA0 ALLEGIANT TRAVEL CO 5.50000 07/15/2019 US 182,000 $183,820.00
02005NAT7 ALLY FINANCIAL INC 3.50000 01/27/2019 US 160,000 $160,000.00
02079K107 ALPHABET INC-CL C US GOOG 1,830 $2,184,050.10
02079K305 ALPHABET INC-CL A US GOOGL 1,810 $2,184,814.80
02155FAC9 ALTICE US FINANCE I CORP 5.50000 05/15/2026 US 200,000 $199,750.00
023135106 AMAZON.COM INC US AMZN 910 $1,822,730.00
02319V103 AMBEV SA-ADR BR ABEV 917,236 $4,191,768.52
0237400 DIAGEO PLC GB DGE LN 137,823 $4,882,832.38
024835100 AMERICAN CAMPUS COMMUNITIES US ACC 2,520 $103,723.20
0263494 BAE SYSTEMS PLC GB BA/ LN 16,435 $134,767.26
02665T306 AMERICAN HOMES 4 RENT- A US AMH 9,760 $213,646.40
02666TAA5 AMERICAN HOMES 4 RENT 4.25000 02/15/2028 US 3,270,000 $3,128,363.87
02753GAA7 AMERICAN MIDSTREAM PTR/F 9.50000 12/15/2021 US 175,000 $175,000.00
03027X100 AMERICAN TOWER REIT INC US AMT 15,015 $2,181,679.50
03063NAA5 AMERICOLD LLC TRUST 3.84730 01/14/2029 US 115,938.06 $116,674.02
03064D108 AMERICOLD REALTY TRUST US COLD 1,995 $49,914.90
03748R101 APARTMENT INVT & MGMT CO -A US AIV 3,925 $173,210.25
03784Y200 APPLE HOSPITALITY REIT INC US APLE 5,410 $94,620.90
03969AAL4 ARDAGH PKG FIN/HLDGS USA 6.00000 02/15/2025 IE 200,000 $195,750.00
0405207 HALMA PLC GB HLMA LN 4,850 $91,310.78
0490656 KERRY GROUP PLC-A IE KYGA LN 1,510 $166,640.16
053484101 AVALONBAY COMMUNITIES INC US AVB 2,430 $440,194.50
05582QAD9 BMWOT 2016-A A3 1.16000 11/25/2020 US 1,377,794.08 $1,368,353.57
05604LAA0 BWAY 2015-1740 A 2.91700 01/10/2035 US 2,809,000 $2,698,182.14
058498106 BALL CORP US BLL 113,660 $4,999,903.40
06051GFM6 BANK OF AMERICA CORP 4.00000 01/22/2025 US 4,810,000 $4,746,807.28
0822011 DS SMITH PLC GB SMDS LN 18,234 $113,578.17
09061G101 BIOMARIN PHARMACEUTICAL INC US BMRN 37,410 $3,627,647.70
09062X103 BIOGEN IDEC INC US BIIB 4,480 $1,582,828.80
0922320 SMITH & NEPHEW PLC GB SN/ LN 4,200 $76,627.96
09247X101 BLACKROCK INC US BLK 8,820 $4,157,130.60
0946580 WEIR GROUP PLC/THE GB WEIR LN 8,495 $194,891.92
09627J102 BLUEROCK RESIDENTIAL GROWTH US 4,780 $46,844.00
096630AE8 BOARDWALK PIPELINES LP 5.95000 06/01/2026 US 4,420,000 $4,677,608.69
09857L108 BOOKING HOLDINGS INC US BKNG 3,800 $7,539,200.00
101121101 BOSTON PROPERTIES INC US BXP 2,490 $306,494.10
105368203 BRANDYWINE REALTY TRUST US BDN 13,435 $211,198.20
110122108 BRISTOL MYERS SQUIBB CO US BMY 40,260 $2,499,340.80
110448107 BRITISH AMERICAN TOB-SP ADR GB BTI 2,535 $118,207.05
12467AAD0 C&S GROUP ENTERPRISES 5.37500 07/15/2022 US 125,000 $123,750.00
1248EPBR3 CCO HLDGS LLC/CAP CORP 5.50000 05/01/2026 US 175,000 $173,031.25
125269100 CF INDUSTRIES HOLDINGS INC US CF 76,640 $4,172,281.60
12592BAB0 CNH INDUSTRIAL CAPITAL L 3.37500 07/15/2019 US 3,180,000 $3,184,134.00
126307AH0 CSC HOLDINGS LLC 5.25000 06/01/2024 US 346,000 $338,215.00
12646XAH5 CSMC 2013-IVR3 A1 2.50000 05/25/2043 US 1,054,291.2 $975,265.54
12770QAA3 CZR 2017-VICI A 3.53100 10/15/2034 US 1,850,000 $1,848,583.27
13321L108 CAMECO CORP CA CCJ 6,054 $69,015.60
14912Y202 CATCHMARK TIMBER TRUST INC US CTT 6,325 $72,294.75
149806AA9 CAZ 2015-1A A 2.00000 12/10/2023 US 118,147.15 $117,851.78
14980AAA0 CAZENOVIA CREEK FUNDING LLC 3.56070 07/15/2030 US 1,519,168.48 $1,515,217.27
156504AH5 CENTURY COMMUNITIES 5.87500 07/15/2025 US 347,000 $322,814.10
16411QAB7 CHENIERE ENERGY PARTNERS 5.25000 10/01/2025 US 180,000 $180,221.40
165183AL8 CFII 2017-2A A1 1.99000 05/15/2029 US 3,294,000.46 $3,262,909.71
165183BB9 CFII 2017-4A A1 2.12000 11/15/2029 US 1,364,296.78 $1,347,996.84
165240102 CHESAPEAKE LODGING TRUST US CHSP 2,480 $79,533.60
172967EW7 CITIGROUP INC 8.12500 07/15/2039 US 3,280,000 $4,734,566.74
19625JAA1 CAH 2015-1A A 3.33100 07/17/2032 US 1,012,756.26 $1,014,010.05
19626G108 COLONY CAPITAL INC US CLNY 11,258 $68,561.22
20369C106 COMMUNITY HEALTHCARE TRUST I US CHCT 3,225 $99,910.50
2162760 CAE INC CA CAE CN 2,040 $41,411.22
2171573 CANADIAN NATURAL RESOURCES CA CNQ CN 3,635 $118,760.50
2180632 CANADIAN NATL RAILWAY CO CA CNR CN 495 $44,416.44
21871N101 CORECIVIC INC US CXW 6,080 $147,926.40
21987BAK4 CODELCO INC 5.62500 09/21/2035 CL 2,110,000 $2,334,482.08
222795106 COUSINS PROPERTIES INC US CUZ 23,395 $207,981.55
22530LAA4 CAALT 2017-1A A 2.56000 10/15/2025 US 1,320,000 $1,313,632.98
22663AAA7 ORTHO-CLINICAL DIAGNOSTI 6.62500 05/15/2022 US 170,000 $166,090.00
22822V101 CROWN CASTLE INTL CORP US CCI 1,365 $151,965.45
22944PAA5 CSMC 2013-TH1 A1 2.13000 02/25/2043 US 715,419.34 $656,387.23
229663109 CUBESMART US CUBE 2,675 $76,317.75
23311RAD8 DCP MIDSTREAM OPERATING 5.35000 03/15/2020 US 105,000 $107,362.50
23331A109 DR HORTON INC US DHI 630 $26,573.40
2347608 FIRST QUANTUM MINERALS LTD CA FM CN 8,585 $97,770.56
23918K108 DAVITA INC. US DVA 52,250 $3,742,667.50
23918KAR9 DAVITA INC 5.00000 05/01/2025 US 201,000 $191,703.75
2392471 GRUPO BIMBO SAB- SERIES A MX BIMBOA MM 19,675 $41,864.83
2434760 MEXICHEM SAB DE CV MX MEXCHEM* MM 32,110 $109,933.08
2491914 KIMBERLY CLARK DE MEXICO S.A.B. MX 47,800 $84,800.68
25271C102 DIAMOND OFFSHORE DRILLING US DO 83,030 $1,660,600.00
253868103 DIGITAL REALTY TRUST INC US DLR 2,770 $311,569.60
25470DAT6 DISCOVERY COMMUNICATIONS 5.20000 09/20/2047 US 3,280,000 $3,206,975.85
26151AAA7 DRAX FINCO PLC 6.62500 11/01/2025 GB 250,000 $253,125.00
2639349 GRUPO AEROPORT DEL SURESTE-B MX 3,780 $77,240.14
2643674 GRUPO MEXICO SAB DE CV-SER MX GMEXICOB MM 11,200 $32,234.26
26780TAA5 DYNAGAS LNG PARTNERS/FIN 6.25000 10/30/2019 MH 286,000 $287,430.00
269246401 ETRADE FINANCIAL CORP US ETFC 34,805 $1,823,433.95
2715777 QUEBECOR INC -CL B CA QBR/B CN 59,090 $1,184,865.10
277276101 EASTGROUP PROPERTIES US EGP 470 $44,941.40
2801836 SHAW COMMUNICATIONS INC-B CA SJR/B CN 59,280 $1,155,171.76
285512109 ELECTRONIC ARTS US EA 24,217 $2,917,906.33
2866857 LUNDIN MINING CORP CA LUN CN 204,580 $1,083,364.07
29372EBV9 EFF 2017-1 A2 2.13000 07/20/2022 US 507,957.5 $505,387.08
294429105 EQUIFAX INC US EFX 15,730 $2,053,866.10
29444U700 EQUINIX INC US EQIX 8,490 $3,675,236.10
29472R108 EQUITY LIFESTYLE PROPERTIES US ELS 1,115 $107,541.75
29476L107 EQUITY RESIDENTIAL US EQR 4,510 $298,832.60
297178105 ESSEX PROPERTY TRUST INC US ESS 545 $134,456.95
302154BV0 EXPORT-IMPORT BANK KOREA 2.62500 12/30/2020 KR 6,700,000 $6,576,452.00
30225T102 EXTRA SPACE STORAGE INC US EXR 1,175 $101,802.00
30251JAA9 FDIC 2011-R1 A 2.67200 07/25/2026 US 174,085.33 $173,237.43
30261UAJ3 FREMF 2013-K713 B 3.26256 04/25/2046 US 1,350,000 $1,345,851.72
30264DAA7 FS ENERGY & POWER FUND 7.50000 08/15/2023 US 230,000 $234,600.00
30291EAE4 FREMF 2013-K712 B FLT 3.47300 05/25/2045 US 742,000 $741,859.32
30291HAA5 FREMF 2013-K28 X2A 0.10000 06/25/2046 US 127,294,109.42 $442,970.77
30292HAU0 FREMF 2014- K503 B 3.08905 10/25/2047 US 1,325,000 $1,321,710.82
3128M5NM8 FHLM POOL G03696 5.50000 01/01/2038 US 1,430.39 $1,542.42
3128M5RA0 FHLM POOL G03781 6.00000 01/01/2038 US 215,009.61 $237,677.06
3128M5VT4 FHLM POOL G03926 6.00000 02/01/2038 US 219,677.86 $243,160.84
3128M6SU3 FHLM POOL G04731 5.50000 04/01/2038 US 217,801.33 $234,830.49
3128M73H7 FHLM POOL G05900 6.00000 03/01/2040 US 163,309.62 $180,427.62
3128M73P9 FHLM POOL G05906 6.00000 04/01/2040 US 171,615.5 $189,959.34
3128MB4Q7 FHLM POOL G13331 5.50000 10/01/2023 US 14,302.89 $14,719.72
3128MBDP9 FHLM POOL G12610 6.00000 03/01/2022 US 32,442.2 $33,421.42
3128MBE45 FHLM POOL G12655 6.00000 05/01/2022 US 22,149.23 $22,800.90
3128MBRH2 FHLM POOL G12988 6.00000 01/01/2023 US 17,255.38 $17,813.24
3128MBUB1 FHLM POOL G13078 6.00000 03/01/2023 US 30,528.37 $31,497.23
3128MJJT8 FHLM POOL G08273 5.50000 06/01/2038 US 273,800.75 $295,164.80
3128P75X7 FHLM POOL C91762 4.50000 05/01/2034 US 721,536.22 $748,847.80
312941F69 FHLM POOL A92889 4.50000 07/01/2040 US 1,739,991.32 $1,815,409.03
3132QUNJ8 FHLM POOL Q37592 4.00000 12/01/2045 US 1,769,991.94 $1,791,838.49
3132WF3E7 FHLM POOL Q42596 3.50000 08/01/2046 US 1,391,996.47 $1,372,262.28
3132WJX55 FHLM POOL Q45199 4.00000 01/01/2047 US 800,964.56 $810,220.67
3132WJYG0 FHLM POOL Q45210 4.00000 01/01/2047 US 674,762.67 $682,296.20
3132WPDP9 FHLM GOLD POOL FG Q49109 4.00000 07/01/2047 US 560,378 $566,390.83
3132XSLZ1 FHLM GOLD POOL FG Q50343 4.00000 08/01/2047 US 638,456.15 $645,306.92
31335AFY9 FHLM POOL G60183 4.00000 12/01/2044 US 864,170.77 $874,534.44
31336WBS7 FHLM POOL G11850 5.50000 07/01/2020 US 31,478.98 $31,757.56
3136B1YD0 FNR 2018-31 KP 3.50000 07/25/2047 US 1,282,706.18 $1,269,568.96
3137A2B34 FHMS K009 X1 FLT 1.44868 08/25/2020 US 13,018,411.71 $250,443.00
3137ADTK3 FHMS K014 X1 FLT 1.32335 04/25/2021 US 7,897,365.44 $195,987.34
3137AJMG6 FMHS K016 X1 FLT 1.66787 10/25/2021 US 5,419,499.14 $201,689.91
3137AL6W4 FHMS K706 X1 FLT 1.69370 10/25/2018 US 2,714,287.13 $326.80
3137AME78 FHMS K017 X1 FLT 1.48234 12/25/2021 US 8,222,986.8 $283,869.84
3137AUPF0 FHMS K021 x1 FLT 1.58570 06/25/2022 US 9,944,166.9 $441,488.19
3137B3NB0 FHMS K030 X1 FLT 0.31093 04/25/2023 US 51,388,814.47 $408,988.16
3137B4GZ3 FHMS K032 X1 FLT 0.21916 05/25/2023 US 38,699,953.46 $187,048.49
3137F4YU0 FHLM POOL FHR4791 4.00000 03/15/2044 US 1,682,549.77 $1,707,779.27
3137FG2L8 FHLM POOL 4801 4.50000 05/15/2044 US 1,684,991.95 $1,736,534.00
3138AJXA5 FEDERAL NATL MTG ASSN A15172 4.00000 08/01/2041 US 687,420.45 $699,391.83
3138EGE26 FEDERAL NATL MTG ASSN AL0152 6.00000 06/01/2040 US 712,006.49 $784,187.96
3138EGHT4 FEDERAL NATL MTG ASSN AL0241 4.00000 04/01/2041 US 966,005.28 $982,823.96
3138EHR87 FEDERAL NATL MTG ASSN AL1410 4.50000 12/01/2041 US 1,551,464.26 $1,613,250.72
3138EHXZ0 FEDERAL NATL MTG ASSN AL1595 6.00000 01/01/2040 US 618,681.69 $677,327.78
3138EP2A1 FEDERAL NATL MTG ASSN AL7068 4.50000 09/01/2042 US 1,693,143.99 $1,763,458.26
3138EQST0 FEDERAL NATL MTG ASSN AL7729 4.00000 06/01/2043 US 834,038.39 $848,548.21
3138ETT89 FEDERAL NATL MTG ASSN AL8674 FLT 5.65400 01/01/2049 US 1,820,065.67 $1,939,562.43
3138Y6Y81 FEDERAL NATL MTG ASSN AX5234 4.50000 11/01/2044 US 917,420.01 $947,379.90
31403DDX4 FEDERAL NATL MTG ASSN 745418 5.50000 04/01/2036 US 506,118.64 $546,827.77
3140E2GZ8 FEDERAL NATL MTG ASSN AZ9215 4.00000 10/01/2045 US 747,111.88 $756,889.54
3140EX2Y8 FEDERAL NATL MTG ASSN BC3490 3.50000 02/01/2046 US 2,192,250.46 $2,166,689.00
3140F2QS2 FEDERAL NATL MTG ASSN BC6764 3.50000 04/01/2046 US 1,289,352.58 $1,273,919.71
3140F8RB5 FEDERAL NATL MTG ASSN BD1381 3.50000 06/01/2046 US 812,353.32 $802,041.64
3140FA5G3 FEDERAL NATL MTG ASSN FN BD3546 4.00000 09/01/2047 US 406,628.23 $411,068.46
3140FTWF4 FEDERAL NATL MTG ASSN BE7845 4.50000 02/01/2047 US 548,842.11 $570,366.27
3140HPUY1 FEDERAL NATL MTG ASSN FN BK9598 4.50000 08/01/2048 US 649,160.32 $670,079.58
3140Q9D42 FEDERAL NATL MTG ASSN FN CA1922 5.00000 06/01/2048 US 2,379,739.51 $2,501,585.58
3140Q9PD9 FEDERAL NATL MTG ASSN FN CA2219 5.00000 08/01/2048 US 1,277,911.68 $1,343,278.38
3140Q9T78 FEDERAL NATL MTG ASSN FN CA2373 5.00000 09/01/2048 US 2,078,374 $2,184,578.39
31410FSE6 FEDERAL NATL MTG ASSN 888017 6.00000 11/01/2021 US 23,929.27 $24,577.55
31410FV51 FEDERAL NATL MTG ASSN 888136 6.00000 12/01/2021 US 29,247.86 $30,038.20
31410GCD3 FEDERAL NATL MTG ASSN 888468 5.50000 09/01/2021 US 171,666.12 $174,935.03
31410GN33 FEDERAL NATL MTG ASSN 888810 5.50000 11/01/2022 US 207,276.37 $211,112.05
31410HAQ4 MACYS RETAIL HLDGS INC 6.90000 04/01/2029 US 1,415,000 $1,497,464.04
31410KJV7 FEDERAL NATL MTG ASSN 889576 6.00000 04/01/2038 US 421,369.45 $463,751.49
31416BRR1 FEDERAL NATL MTG ASSN 995196 6.00000 07/01/2038 US 953,899.18 $1,050,688.23
31416BSW9 FEDERAL NATL MTG ASSN 995233 5.50000 10/01/2021 US 10,192.64 $10,343.56
31416BVW5 FEDERAL NATL MTG ASSN 995329 5.50000 12/01/2021 US 138,846.43 $141,512.84
31417YJC2 FEDERAL NATL MTG ASSN MA0258 4.50000 12/01/2039 US 830,675.72 $865,055.90
31418B6G6 FEDERAL NATL MTG ASSN FN MA2670 3.00000 07/01/2046 US 2,187,920.98 $2,096,069.69
31418BBC9 FEDERAL NATL MTG ASSN MA1834 4.50000 02/01/2034 US 663,219.28 $687,629.37
31418BDH6 FEDERAL NATL MTG ASSN MA1903 4.50000 05/01/2034 US 532,676.91 $552,301.60
31418CAF1 FEDERAL NATL MTG ASSN FN MA2705 3.00000 08/01/2046 US 1,698,740.78 $1,627,337.08
31418CZ56 FEDERAL NATL MTG ASSN FN MA3463 4.00000 09/01/2033 US 2,795,454.59 $2,859,939.27
31418MG63 FEDERAL NATL MTG ASSN AD0220 6.00000 10/01/2038 US 47,735.12 $52,544.95
31418MGR7 FEDERAL NATL MTG ASSN AD0207 6.00000 10/01/2038 US 143,174.16 $157,741.92
31418MQQ8 FEDERAL NATL MTG ASSN AD0462 5.50000 10/01/2024 US 22,476.21 $23,309.94
31428X106 FEDEX CORPORATION US FDX 13,630 $3,281,967.70
3174300 BURBERRY GROUP PLC GB BRBY LN 3,060 $80,353.86
32054K103 FIRST INDUSTRIAL REALTY TR US FR 2,665 $83,681.00
3208986 NEXT PLC GB NXT LN 545 $39,003.74
336130AB5 FIRST QUALITY FINANCE CO 5.00000 07/01/2025 US 165,000 $154,275.00
34960PAB7 FORTRESS TRANS & INFRAST 6.50000 10/01/2025 US 160,000 $158,872.00
35563BAJ9 FREMF 2014-K37 B FLT 4.71393 01/25/2047 US 1,657,000 $1,711,232.12
35802XAD5 FRESENIUS MED CARE II 5.62500 07/31/2019 US 2,882,000 $2,938,981.90
36143WAN1 GAHR 2015-NRF BFX FLT 3.49490 12/15/2034 US 1,928,000 $1,925,538.33
36143WAS0 GAHR 2015-NRF DFX FLT 3.49490 12/15/2034 US 1,000,000 $994,172.60
36219YGD2 GNMA POOL 263096 9.50000 03/15/2020 US 292.97 $293.79
36246MAT6 GTP AQUISITION PARTNERS 2.35000 06/15/2020 US 589,000 $576,023.03
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476405105 JERNIGAN CAPITAL INC US JCAP 3,840 $74,073.60
478160104 JOHNSON & JOHNSON US JNJ 33,770 $4,666,000.90
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63938CAE8 NAVIENT CORP 7.25000 09/25/2023 US 135,000 $143,100.00
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6451066 HYUNDAI MIPO DOCKYARD KR 010620 KS 890 $83,025.82
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64829LAA6 NRZT 2016-4A A1 3.75000 11/25/2056 US 842,348.75 $838,287.28
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6772217 SAMSUNG HEAVY INDUSTRIES KR 010140 KS 5,485 $39,943.16
6791591 SECOM CO LTD JP 9735 JP 400 $32,596.68
6793821 SEKISUI CHEMICAL CO LTD JP 4204 JP 2,200 $40,570.28
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6885074 TERUMO CORP JP 4543 JP 1,300 $76,939.29
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729640102 PLYMOUTH INDUSTRIAL REIT INC US 3,690 $57,195.00
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7380482 COMPAGNIE DE SAINT-GOBAIN FR SGO FP 5,880 $253,433.60
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744320AL6 PRUDENTIAL FINANCIAL INC 5.87500 09/15/2042 US 2,990,000 $3,161,925.00
74460D109 PUBLIC STORAGE INC US PSA 1,365 $275,224.95
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780259107 ROYAL DUTCH SHELL PLC-ADR B NL RDS/B 3,330 $236,196.90
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78442PGC4 SLM CORP 5.12500 04/05/2022 US 220,000 $218,900.00
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808513105 CHARLES SCHWAB CORP/THE US SCHW 101,650 $4,996,097.50
81211K100 SEALED AIR CORP US SEE 66,900 $2,686,035.00
812578102 SEATTLE GENETICS INC US SGEN 43,755 $3,374,385.60
81663AAD7 SEMGROUP CORP 6.37500 03/15/2025 US 120,000 $117,900.00
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81745EAA7 SEMT 2013-8 A1 3.00000 06/25/2043 US 824,922.99 $781,579.89
81745MAA9 SEMT 2013-2 1.87400 02/25/2043 US 661,455.05 $586,270.43
81762P102 SERVICENOW INC US NOW 12,265 $2,399,401.95
81783QAC9 SEVEN GENERATIONS ENERGY 5.37500 09/30/2025 CA 173,000 $168,242.50
822538AE4 SHELF DRILL HOLD LTD 8.25000 02/15/2025 KY 165,000 $170,156.25
828806109 SIMON PROPERTY GROUP INC US SPG 3,370 $595,647.50
83088M102 SKYWORKS SOLUTIONS INC US SWKS 23,440 $2,126,242.40
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83401BAB2 SOFI 2017-F A2FX 2.84000 01/25/2041 US 300,000 $290,836.11
83404FAB0 SOFI 2017-A A2A 1.55000 03/26/2040 US 375,930 $373,002.14
83405LAA8 SCLP 2017-5 A1 2.14000 09/25/2026 US 764,734.49 $761,000.14
83406EAB1 SOFI 2018-A A2A 2.39000 02/25/2042 US 783,282.45 $776,263.46
84265V105 SOUTHERN COPPER CORPORATION US SCCO 2,985 $128,772.90
845467AL3 SOUTHWESTERN ENERGY CO 6.20000 01/23/2025 US 204,000 $202,470.00
852061AK6 SPRINT COMMUNICATIONS 9.00000 11/15/2018 US 73,000 $73,452.60
85254J102 STAG INDUSTRIAL INC US STAG 4,355 $119,762.50
85571XAA5 SRPT 2014-STAR A FLTG RATE 3.37844 11/15/2027 US 1,620,686.88 $1,621,283.62
866674104 SUN COMMUNITIES US SUI 2,170 $220,341.80
867892101 SUNSTONE HOTEL INVESTORS INC US SHO 7,650 $125,154.00
874080104 TAL EDUCATION GROUP - ADR CN TAL 1,550 $39,850.50
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87677QAA9 TXEZ 2016-1A 3.13100 06/15/2028 US 373,152.29 $372,124.89
87854WAA1 TECHNIPLAS LLC 10.00000 05/01/2020 US 205,000 $193,725.00
88032WAG1 TENCENT HOLDINGS LTD 3.59500 01/19/2028 KY 3,320,000 $3,142,422.13
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882508104 TEXAS INSTRUMENTS INC US TXN 21,160 $2,270,256.40
88650V208 TIER REIT INC US TIER 7,790 $187,739.00
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89613FAA6 TAH 2017-SFR2 A 2.92800 01/17/2036 US 1,250,000 $1,195,726.63
901109AF5 TUTOR PERINI CORP 6.87500 05/01/2025 US 286,000 $293,865.00
902653104 UDR INC US UDR 6,180 $249,857.40
903002103 UMH PROPERTIES INC US UMH 3,995 $62,481.80
90320MAA3 UPCB FINANCE IV LTD 5.37500 01/15/2025 KY 285,000 $284,643.75
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912810PT9 UNITED STATES TREAS BOND 4.75000 02/15/2037 US 7,244,000 $8,896,537.50
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912810RK6 US TREASURY N/B 2.50000 02/15/2045 US 5,473,000 $4,793,364.56
912810RX8 US TREASURY N/B 3.00000 05/15/2047 US 9,245,000 $8,904,090.63
9128283W8 US TREASURY N/B 2.75000 02/15/2028 US 6,500,000 $6,337,246.11
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912828K33 UNITED STATES TREAS INFL INDEX 0.12500 04/15/2020 US 26,830,684.74 $26,480,278.68
912828R28 US TREASURY N/B 1.62500 04/30/2023 US 6,400,000 $6,040,000.00
912828R36 US TREASURY N/B 1.62500 05/15/2026 US 6,637,000 $6,003,892.46
912828S92 US TREASURY N/B 1.25000 07/31/2023 US 11,373,000 $10,508,030.01
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912828WZ9 UNITED STATES TREAS NTS 1.75000 04/30/2022 US 12,400,000 $11,911,265.66
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91704F104 URBAN EDGE PROPERTIES US UE 8,410 $185,692.80
92276F100 VENTAS INC US VTR 1,715 $93,261.70
92339V100 VEREIT INC US VER 12,465 $90,495.90
92343VDV3 VERIZON COMMUNICATIONS 5.50000 03/16/2047 US 4,440,000 $4,861,676.52
92532F100 VERTEX PHARMACEUTICALS INC US VRTX 10,620 $2,046,898.80
92826C839 VISA INC - CLASS A SHARES US V 35,070 $5,263,656.30
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929042109 VORNADO REALTY TRUST US VNO 2,740 $200,020.00
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95040Q104 WELLTOWER INC. US WELL 2,040 $131,212.80
962166104 WEYERHAEUSER CO US WY 2,272 $73,317.44
962178AL3 TRI POINTE HOLDINGS INC 4.37500 06/15/2019 US 170,000 $170,850.00
962178AN9 TRI POINTE GROUP / HOMES 5.87500 06/15/2024 US 180,000 $178,650.00
96949LAD7 WILLIAMS PARTNERS LP 3.75000 06/15/2027 US 2,290,000 $2,179,883.01
97651JAE6 WINWATER MORTGAGE LOAN TRUST 3.50000 03/20/2045 US 717,353.72 $716,769.65
97652TAA1 WIN 2015-1 A1 3.50000 01/20/2045 US 840,622.7 $820,490.96
98919V105 ZAYO GROUP HOLDINGS INC US ZAYO 102,650 $3,564,008.00
AP0787667 MPC CONTAINER SHIPS FLT 7.11638 09/22/2022 NL 200,000 $204,306.00
AP8694550 BOREALIS FINANCE LLC 7.50000 11/16/2022 MH 400,000 $395,000.00
B0190C7 TECHTRONIC INDUSTRIES CO LTD HK 669 HK 6,000 $38,272.14
B02J639 ADMIRAL GROUP PLC GB ADM LN 1,695 $45,947.02
B037JC2 NEXITY FR NXI FP 1,340 $74,060.86
B0386J1 JYSKE BANK-REG DK JYSK DC 2,060 $99,748.71
B05LZ02 HAKUHODO DY HOLDINGS INC JP 2433 JP 2,200 $38,639.41
B06JSP1 SYDBANK A/S DK SYDB DC 2,385 $70,118.08
B09DHL9 MTU AERO ENGINES HOLDING AG DE MTX GR 190 $42,802.95
B09M9D2 KONE OYJ-B FI KNEBV FH 1,550 $82,737.01
B0JDQD4 BANDAI NAMCO HOLDINGS INC JP 7832 JP 2,100 $81,586.82
B11TCY0 SCHINDLER HOLDING-PART CERT CH SCHP SW 315 $78,610.31
B138HB7 KAUFMAN & BROAD SA FR KOF FP 2,370 $111,219.74
B13X013 EIFFAGE FR FGR FP 1,355 $151,366.64
B15C557 TOTAL SA FR FP FP 2,990 $194,411.91
B19NLV4 EXPERIAN PLC GB EXPN LN 1,725 $44,263.85
B1CRLC4 MONDI PLC GB MNDI LN 1,610 $44,081.62
B1FW751 GALP ENERGIA SGPS SA PT GALP PL 11,875 $235,455.40
B1KFX13 GRUPO AEROPORTUARIO DEL CENT MX OMAB MM 8,200 $58,605.86
B1WGG93 GEBERIT AG-REG CH GEBN SW 245 $113,714.72
B1XFTL2 HEXAGON AB-B SHS SE HEXAB SS 2,285 $133,779.32
B1XH026 VINCI SA FR DG FP 4,005 $381,034.67
B1Y9TB3 DANONE FR BN FP 2,286 $177,656.82
B1YVKN8 ANTA SPORTS PRODUCTS LTD CN 2020 HK 17,180 $82,014.47
B232R05 SK INNOVATION CO LTD KR 096770 KS 490 $94,981.58
B249GC0 MATSUMOTOKIYOSHI HOLDINGS CO JP 3088 JP 2,300 $94,319.03
B283W97 CAIXABANK S.A ES CABK SM 45,020 $204,747.31
B296BQ5 STORAGEVAULT CANADA INC CA SVI CN 14,240 $29,215.34
B3FF8W8 HOSHIZAKI CORP JP 6465 JP 400 $41,401.83
B3FP8W8 CANADA HOUSING TRUST 4.10000 12/15/2018 CA 338,000 $262,913.31
B3MSM28 AMADEUS IT HOLDING SA-A SHS ES AMS SM 465 $43,100.31
B3NB1P2 SUNCOR ENERGY INC CA SU CN 2,815 $108,925.56
B3ZD2V9 MEX BONOS DESARR FIX RT 6.50000 06/10/2021 MX 3,460,000 $179,245.53
B4888C1 CANADIAN GOVERNMENT FLT 2.75000 06/01/2022 CA 433,000 $340,617.28
B4NDCC9 MEX BONOS DESARR FIX RT 6.50000 06/09/2022 MX 5,621,000 $288,249.71
B4Q2TX3 CHINA LONGYUAN POWER GROUP-H CN 916 HK 187,000 $157,471.11
B4R2R50 JULIUS BAER CH BAER SW 5,350 $267,372.27
B4WTBY3 HUANENG RENEWABLES CORP-H CN 958 HK 466,000 $138,954.83
B4YN9R2 SINGAPORE GOVERNMENT 2.50000 06/01/2019 SG 739,000 $543,018.10
B4YVF56 BRENNTAG AG DE BNR GR 1,108 $68,331.95
B607XS1 VERMILION ENERGY INC CA VET CN 4,050 $133,447.92
B615Y14 MEX BONOS DESARR FIX RT 8.00000 06/11/2020 MX 8,562,000 $459,014.52
B61JC67 TREASURY WINE ESTATES LTD AU TWE AU 13,435 $169,575.85
B63QM77 NEXON CO LTD JP 3659 JP 11,200 $146,400.90
B6TC406 MEX BONOS DESARR FIX RT 7.75000 05/29/2031 MX 1,081,000 $56,519.42
B798FW0 NOVOZYMES A/S-B SHARES DK NZYMB DC 820 $44,975.77
B7VQL46 FNAC DARTY SA FR FNAC FP 1,445 $113,945.89
B8FMRX8 COLOPLAST-B DK COLOB DC 805 $82,235.12
BB22L96 KION GROUP AG DE KGX GR 1,850 $113,591.82
BBG00LNRP8L0 AMZN US 09/28/18 P1825 US -7 -$7.00
BBG00LRS8WH5 QRVO US 10/19/18 P70 US -207 -$7,038.00
BBG00LXHFRM9 SCHW US 10/26/18 C51.5 US -219 -$16,644.00
BD3JR69 CHINA MAPLE LEAF EDUCATIONAL CN 1317 HK 114,000 $59,852.45
BD6G507 FERRARI NV IT RACE IM 325 $44,640.77
BD6K457 COMPASS GROUP PLC GB CPG LN 2,025 $45,022.72
BD82246 EAGLE BULK SHIPCO 8.25000 11/28/2022 MH 200,000 $204,500.00
BDQZ7T7 WISDOM EDUCATION INTERNATION CN 6068 HK 110,000 $57,862.84
BDZV116 EPIROC AB-A SE EPIA SS 12,220 $136,535.54
BF2DSG3 SIKA AG-REG CH SIKA SW 260 $37,835.07
BF955D8 TELENET FINANCE LUX NOTE 5.50000 03/01/2028 LU 400,000 $376,000.00
BFYFZP5 FERGUSON PLC CH FERG LN 536 $45,464.78
BFYM460 UNIBAIL-RODAMCO-WESTFIELD FR URW NA 1,045 $210,511.59
BGHQ198 HIBERNIA REIT PLC IE HBRN ID 53,665 $88,476.94
BGLP232 MONCLER SPA IT MONC IM 1,890 $81,321.79
BH4TZ73 FU SHOU YUAN INTERNATIONAL CN 1448 HK 164,640 $128,562.93
BHC8X90 NOVO NORDISK A/S-B DK NOVOB DC 855 $40,240.64
BMMV2K8 TENCENT HOLDINGS LTD CN 700 HK 108,646 $4,436,106.15
BNBNSG0 EURONEXT NV NL ENX FP 2,060 $135,352.85
BNGN9Z1 FINECOBANK SPA IT FBK IM 14,445 $192,622.53
BP9DL90 INDUSTRIA DE DISENO TEXTIL ES ITX SM 94,620 $2,858,615.88
BQRRZ00 RECRUIT HOLDINGS CO LTD JP 6098 JP 2,300 $76,823.37
BVSS790 ELIS SA FR ELIS FP 6,650 $156,570.54
BYQ32R1 NEMAK SAB DE CV MX 99,900 $75,269.32
BYWPGC4 CHINA YUHUA EDUCATION CORP L CN 6169 HK 164,000 $79,022.09
BYXS699 QIAGEN N.V. NL QIA GR 2,512 $95,135.73
BYY8LS2 MAISONS DU MONDE SA FR MDM FP 3,015 $87,935.93
BYYHL23 ANHEUSER-BUSCH INBEV SA/NV BE ABI BB 65,770 $5,757,210.31
BYZ43T4 EUROBANK ERGASIAS SA GR EUROB GA 90,150 $68,058.86
BYZFYS3 SPIE SA FR SPIE FP 8,705 $173,361.12
BYZWX76 CRODA INTERNATIONAL PLC GB CRDA LN 1,795 $121,672.38
BZ01RF1 WILLIAM DEMANT HOLDING DK WDH DC 2,085 $78,267.57
BZ3C3Q4 BANKIA SA ES BKIA SM 30,897 $120,612.99
BZCNN35 BANCO COMERCIAL PORTUGUES-R PT BCP PL 280,845 $83,149.41
G02602103 AMDOCS LTD GG DOX 3,605 $237,857.90
G0772R208 BANK OF N.T. BUTTERFIELD&SON BM NTB 1,375 $71,307.50
G27358103 DESPEGAR.COM CORP AR DESP 1,885 $31,799.95
G3157S106 ENSCO INTERNATIONAL INC US ESV 218,150 $1,841,186.00
G37585AC3 GASLOG LTD 8.87500 03/22/2022 BM 272,000 $282,880.00
G5960L103 MEDTRONIC INC IE MDT 65,390 $6,432,414.30
G97822103 PERRIGO CO PLC IE PRGO 2,530 $179,124.00
H8817H100 TRANSOCEAN LTD US RIG 167,270 $2,333,416.50
M22465104 CHECK POINT SOFTWARE TECH IL CHKP 645 $75,897.15
N22717107 CORE LABORATORIES N.V. NL CLB 750 $86,872.50
N47279109 INTERXION HOLDING NV NL INXN 39,935 $2,687,625.50
N72482123 QIAGEN N.V. ADR NL QGEN 1,761 $66,706.68
USD US DOLLAR US 6,224,530.31 $6,224,530.31

Investments will change over time.

Distributions

  • Pro-Blend® Moderate Term Series Class I Distribution History
  • 2018 Distribution Calendar
  • Fourth Quarter 2017 Distributions
  • Third Quarter 2018 Distributions
  • Second Quarter 2018 Distributions
  • First Quarter 2018 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

$9.83

Daily $ Change

-$0.07

Daily % Change

-0.71%

as of 10/18/2018

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
XBRL-3/20/18

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 stocks, bonds, alternatives, and cash 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 09/30/2018

YTD

1.79%

1 Year

3.14%

3 Year

6.00%

5 Year

4.04%

10 Year

5.60%

Inception
(09/15/1993)

6.59%

US Stock Market Cycle (04/01/2000 - 09/30/2018)

5.93%

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 0.83%

Top Ten Investments

As of 09/30/2018

TREASURY NOTES 13.14%
GOVERNMENT AGENCY 8.53%
TREASURY BONDS 4.94%
UNITED STATES TREAS INFL INDEX 0.12500 04/15/2020 4.51%
INCYTE CORP 1.62%
BOOKING HOLDINGS INC 1.28%
NOVARTIS AG- REG 1.15%
MASTERCARD INC-CLASS A 1.13%
EXPORT-IMPORT BANK KOREA 2.62500 12/30/2020 1.12%
QORVO INC 1.10%

This investment list is unaudited and excludes cash.

Asset Allocation

As of 09/30/2018

Bonds
61.33%
Stocks
37.62%
Cash
1.05%

Detailed Asset Class Allocation

As of 09/30/2018

International Equities
13.05%
Small Capitalization
0.58%
Mid Capitalization
3.69%
Large Capitalization
20.30%
Long Term Fixed Income
17.26%
Intermediate Term Fixed Income
30.05%
Short Term Fixed Income
14.02%
Cash
1.05%

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

September Fund Holdings

As of 09/30/2018

CUSIP Security Description Country Ticker Shares/Par Market Value (USD)
00101JAM8 ADT CORP 5.25000 03/15/2020 US 105,000 $106,575.00
00206RDQ2 AT&T INC 4.25000 03/01/2027 US 3,030,000 $2,990,859.70
00254EML3 SWEDISH EXPORT CREDIT 1.12500 08/28/2019 SE 3,200,000 $3,152,576.00
00289XAA7 ABENGOA YIELD PLC 7.00000 11/15/2019 GB 445,000 $453,900.00
004239109 ACADIA REALTY TRUST US AKR 2,400 $67,272.00
0045614 ANTOFAGASTA PLC GB ANTO LN 18,325 $203,635.03
0053673 ASHTEAD GROUP PLC GB AHT LN 2,825 $89,632.88
00774MAG0 AERCAP IRELAND CAP / GLOBA 4.45000 10/01/2025 IE 2,980,000 $2,948,608.29
0081180 BARRATT DEVELOPMENTS PLC GB BDEV LN 5,235 $38,660.46
008492100 AGREE REALTY CORP US ADC 1,080 $57,369.60
00928QAK7 AIRCASTLE LTD 6.25000 12/01/2019 BM 100,000 $103,140.16
015271109 ALEXANDRIA REAL EST EQUITIES US ARE 435 $54,718.65
01609W102 ALIBABA GROUP - ADR CN BABA 19,135 $3,152,682.60
01609WAT9 ALIBABA GROUP HOLDING 3.40000 12/06/2027 KY 5,050,000 $4,707,077.38
01748XAA0 ALLEGIANT TRAVEL CO 5.50000 07/15/2019 US 182,000 $183,820.00
02005NAT7 ALLY FINANCIAL INC 3.50000 01/27/2019 US 160,000 $160,000.00
02079K107 ALPHABET INC-CL C US GOOG 1,830 $2,184,050.10
02079K305 ALPHABET INC-CL A US GOOGL 1,810 $2,184,814.80
02155FAC9 ALTICE US FINANCE I CORP 5.50000 05/15/2026 US 200,000 $199,750.00
023135106 AMAZON.COM INC US AMZN 910 $1,822,730.00
02319V103 AMBEV SA-ADR BR ABEV 917,236 $4,191,768.52
0237400 DIAGEO PLC GB DGE LN 137,823 $4,882,832.38
024835100 AMERICAN CAMPUS COMMUNITIES US ACC 2,520 $103,723.20
0263494 BAE SYSTEMS PLC GB BA/ LN 16,435 $134,767.26
02665T306 AMERICAN HOMES 4 RENT- A US AMH 9,760 $213,646.40
02666TAA5 AMERICAN HOMES 4 RENT 4.25000 02/15/2028 US 3,270,000 $3,128,363.87
02753GAA7 AMERICAN MIDSTREAM PTR/F 9.50000 12/15/2021 US 175,000 $175,000.00
03027X100 AMERICAN TOWER REIT INC US AMT 15,015 $2,181,679.50
03063NAA5 AMERICOLD LLC TRUST 3.84730 01/14/2029 US 115,938.06 $116,674.02
03064D108 AMERICOLD REALTY TRUST US COLD 1,995 $49,914.90
03748R101 APARTMENT INVT & MGMT CO -A US AIV 3,925 $173,210.25
03784Y200 APPLE HOSPITALITY REIT INC US APLE 5,410 $94,620.90
03969AAL4 ARDAGH PKG FIN/HLDGS USA 6.00000 02/15/2025 IE 200,000 $195,750.00
0405207 HALMA PLC GB HLMA LN 4,850 $91,310.78
0490656 KERRY GROUP PLC-A IE KYGA LN 1,510 $166,640.16
053484101 AVALONBAY COMMUNITIES INC US AVB 2,430 $440,194.50
05582QAD9 BMWOT 2016-A A3 1.16000 11/25/2020 US 1,377,794.08 $1,368,353.57
05604LAA0 BWAY 2015-1740 A 2.91700 01/10/2035 US 2,809,000 $2,698,182.14
058498106 BALL CORP US BLL 113,660 $4,999,903.40
06051GFM6 BANK OF AMERICA CORP 4.00000 01/22/2025 US 4,810,000 $4,746,807.28
0822011 DS SMITH PLC GB SMDS LN 18,234 $113,578.17
09061G101 BIOMARIN PHARMACEUTICAL INC US BMRN 37,410 $3,627,647.70
09062X103 BIOGEN IDEC INC US BIIB 4,480 $1,582,828.80
0922320 SMITH & NEPHEW PLC GB SN/ LN 4,200 $76,627.96
09247X101 BLACKROCK INC US BLK 8,820 $4,157,130.60
0946580 WEIR GROUP PLC/THE GB WEIR LN 8,495 $194,891.92
09627J102 BLUEROCK RESIDENTIAL GROWTH US 4,780 $46,844.00
096630AE8 BOARDWALK PIPELINES LP 5.95000 06/01/2026 US 4,420,000 $4,677,608.69
09857L108 BOOKING HOLDINGS INC US BKNG 3,800 $7,539,200.00
101121101 BOSTON PROPERTIES INC US BXP 2,490 $306,494.10
105368203 BRANDYWINE REALTY TRUST US BDN 13,435 $211,198.20
110122108 BRISTOL MYERS SQUIBB CO US BMY 40,260 $2,499,340.80
110448107 BRITISH AMERICAN TOB-SP ADR GB BTI 2,535 $118,207.05
12467AAD0 C&S GROUP ENTERPRISES 5.37500 07/15/2022 US 125,000 $123,750.00
1248EPBR3 CCO HLDGS LLC/CAP CORP 5.50000 05/01/2026 US 175,000 $173,031.25
125269100 CF INDUSTRIES HOLDINGS INC US CF 76,640 $4,172,281.60
12592BAB0 CNH INDUSTRIAL CAPITAL L 3.37500 07/15/2019 US 3,180,000 $3,184,134.00
126307AH0 CSC HOLDINGS LLC 5.25000 06/01/2024 US 346,000 $338,215.00
12646XAH5 CSMC 2013-IVR3 A1 2.50000 05/25/2043 US 1,054,291.2 $975,265.54
12770QAA3 CZR 2017-VICI A 3.53100 10/15/2034 US 1,850,000 $1,848,583.27
13321L108 CAMECO CORP CA CCJ 6,054 $69,015.60
14912Y202 CATCHMARK TIMBER TRUST INC US CTT 6,325 $72,294.75
149806AA9 CAZ 2015-1A A 2.00000 12/10/2023 US 118,147.15 $117,851.78
14980AAA0 CAZENOVIA CREEK FUNDING LLC 3.56070 07/15/2030 US 1,519,168.48 $1,515,217.27
156504AH5 CENTURY COMMUNITIES 5.87500 07/15/2025 US 347,000 $322,814.10
16411QAB7 CHENIERE ENERGY PARTNERS 5.25000 10/01/2025 US 180,000 $180,221.40
165183AL8 CFII 2017-2A A1 1.99000 05/15/2029 US 3,294,000.46 $3,262,909.71
165183BB9 CFII 2017-4A A1 2.12000 11/15/2029 US 1,364,296.78 $1,347,996.84
165240102 CHESAPEAKE LODGING TRUST US CHSP 2,480 $79,533.60
172967EW7 CITIGROUP INC 8.12500 07/15/2039 US 3,280,000 $4,734,566.74
19625JAA1 CAH 2015-1A A 3.33100 07/17/2032 US 1,012,756.26 $1,014,010.05
19626G108 COLONY CAPITAL INC US CLNY 11,258 $68,561.22
20369C106 COMMUNITY HEALTHCARE TRUST I US CHCT 3,225 $99,910.50
2162760 CAE INC CA CAE CN 2,040 $41,411.22
2171573 CANADIAN NATURAL RESOURCES CA CNQ CN 3,635 $118,760.50
2180632 CANADIAN NATL RAILWAY CO CA CNR CN 495 $44,416.44
21871N101 CORECIVIC INC US CXW 6,080 $147,926.40
21987BAK4 CODELCO INC 5.62500 09/21/2035 CL 2,110,000 $2,334,482.08
222795106 COUSINS PROPERTIES INC US CUZ 23,395 $207,981.55
22530LAA4 CAALT 2017-1A A 2.56000 10/15/2025 US 1,320,000 $1,313,632.98
22663AAA7 ORTHO-CLINICAL DIAGNOSTI 6.62500 05/15/2022 US 170,000 $166,090.00
22822V101 CROWN CASTLE INTL CORP US CCI 1,365 $151,965.45
22944PAA5 CSMC 2013-TH1 A1 2.13000 02/25/2043 US 715,419.34 $656,387.23
229663109 CUBESMART US CUBE 2,675 $76,317.75
23311RAD8 DCP MIDSTREAM OPERATING 5.35000 03/15/2020 US 105,000 $107,362.50
23331A109 DR HORTON INC US DHI 630 $26,573.40
2347608 FIRST QUANTUM MINERALS LTD CA FM CN 8,585 $97,770.56
23918K108 DAVITA INC. US DVA 52,250 $3,742,667.50
23918KAR9 DAVITA INC 5.00000 05/01/2025 US 201,000 $191,703.75
2392471 GRUPO BIMBO SAB- SERIES A MX BIMBOA MM 19,675 $41,864.83
2434760 MEXICHEM SAB DE CV MX MEXCHEM* MM 32,110 $109,933.08
2491914 KIMBERLY CLARK DE MEXICO S.A.B. MX 47,800 $84,800.68
25271C102 DIAMOND OFFSHORE DRILLING US DO 83,030 $1,660,600.00
253868103 DIGITAL REALTY TRUST INC US DLR 2,770 $311,569.60
25470DAT6 DISCOVERY COMMUNICATIONS 5.20000 09/20/2047 US 3,280,000 $3,206,975.85
26151AAA7 DRAX FINCO PLC 6.62500 11/01/2025 GB 250,000 $253,125.00
2639349 GRUPO AEROPORT DEL SURESTE-B MX 3,780 $77,240.14
2643674 GRUPO MEXICO SAB DE CV-SER MX GMEXICOB MM 11,200 $32,234.26
26780TAA5 DYNAGAS LNG PARTNERS/FIN 6.25000 10/30/2019 MH 286,000 $287,430.00
269246401 ETRADE FINANCIAL CORP US ETFC 34,805 $1,823,433.95
2715777 QUEBECOR INC -CL B CA QBR/B CN 59,090 $1,184,865.10
277276101 EASTGROUP PROPERTIES US EGP 470 $44,941.40
2801836 SHAW COMMUNICATIONS INC-B CA SJR/B CN 59,280 $1,155,171.76
285512109 ELECTRONIC ARTS US EA 24,217 $2,917,906.33
2866857 LUNDIN MINING CORP CA LUN CN 204,580 $1,083,364.07
29372EBV9 EFF 2017-1 A2 2.13000 07/20/2022 US 507,957.5 $505,387.08
294429105 EQUIFAX INC US EFX 15,730 $2,053,866.10
29444U700 EQUINIX INC US EQIX 8,490 $3,675,236.10
29472R108 EQUITY LIFESTYLE PROPERTIES US ELS 1,115 $107,541.75
29476L107 EQUITY RESIDENTIAL US EQR 4,510 $298,832.60
297178105 ESSEX PROPERTY TRUST INC US ESS 545 $134,456.95
302154BV0 EXPORT-IMPORT BANK KOREA 2.62500 12/30/2020 KR 6,700,000 $6,576,452.00
30225T102 EXTRA SPACE STORAGE INC US EXR 1,175 $101,802.00
30251JAA9 FDIC 2011-R1 A 2.67200 07/25/2026 US 174,085.33 $173,237.43
30261UAJ3 FREMF 2013-K713 B 3.26256 04/25/2046 US 1,350,000 $1,345,851.72
30264DAA7 FS ENERGY & POWER FUND 7.50000 08/15/2023 US 230,000 $234,600.00
30291EAE4 FREMF 2013-K712 B FLT 3.47300 05/25/2045 US 742,000 $741,859.32
30291HAA5 FREMF 2013-K28 X2A 0.10000 06/25/2046 US 127,294,109.42 $442,970.77
30292HAU0 FREMF 2014- K503 B 3.08905 10/25/2047 US 1,325,000 $1,321,710.82
3128M5NM8 FHLM POOL G03696 5.50000 01/01/2038 US 1,430.39 $1,542.42
3128M5RA0 FHLM POOL G03781 6.00000 01/01/2038 US 215,009.61 $237,677.06
3128M5VT4 FHLM POOL G03926 6.00000 02/01/2038 US 219,677.86 $243,160.84
3128M6SU3 FHLM POOL G04731 5.50000 04/01/2038 US 217,801.33 $234,830.49
3128M73H7 FHLM POOL G05900 6.00000 03/01/2040 US 163,309.62 $180,427.62
3128M73P9 FHLM POOL G05906 6.00000 04/01/2040 US 171,615.5 $189,959.34
3128MB4Q7 FHLM POOL G13331 5.50000 10/01/2023 US 14,302.89 $14,719.72
3128MBDP9 FHLM POOL G12610 6.00000 03/01/2022 US 32,442.2 $33,421.42
3128MBE45 FHLM POOL G12655 6.00000 05/01/2022 US 22,149.23 $22,800.90
3128MBRH2 FHLM POOL G12988 6.00000 01/01/2023 US 17,255.38 $17,813.24
3128MBUB1 FHLM POOL G13078 6.00000 03/01/2023 US 30,528.37 $31,497.23
3128MJJT8 FHLM POOL G08273 5.50000 06/01/2038 US 273,800.75 $295,164.80
3128P75X7 FHLM POOL C91762 4.50000 05/01/2034 US 721,536.22 $748,847.80
312941F69 FHLM POOL A92889 4.50000 07/01/2040 US 1,739,991.32 $1,815,409.03
3132QUNJ8 FHLM POOL Q37592 4.00000 12/01/2045 US 1,769,991.94 $1,791,838.49
3132WF3E7 FHLM POOL Q42596 3.50000 08/01/2046 US 1,391,996.47 $1,372,262.28
3132WJX55 FHLM POOL Q45199 4.00000 01/01/2047 US 800,964.56 $810,220.67
3132WJYG0 FHLM POOL Q45210 4.00000 01/01/2047 US 674,762.67 $682,296.20
3132WPDP9 FHLM GOLD POOL FG Q49109 4.00000 07/01/2047 US 560,378 $566,390.83
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828806109 SIMON PROPERTY GROUP INC US SPG 3,370 $595,647.50
83088M102 SKYWORKS SOLUTIONS INC US SWKS 23,440 $2,126,242.40
83401BAA4 SOFI 2017-F A1FX 2.05000 01/25/2041 US 348,112.78 $344,775.42
83401BAB2 SOFI 2017-F A2FX 2.84000 01/25/2041 US 300,000 $290,836.11
83404FAB0 SOFI 2017-A A2A 1.55000 03/26/2040 US 375,930 $373,002.14
83405LAA8 SCLP 2017-5 A1 2.14000 09/25/2026 US 764,734.49 $761,000.14
83406EAB1 SOFI 2018-A A2A 2.39000 02/25/2042 US 783,282.45 $776,263.46
84265V105 SOUTHERN COPPER CORPORATION US SCCO 2,985 $128,772.90
845467AL3 SOUTHWESTERN ENERGY CO 6.20000 01/23/2025 US 204,000 $202,470.00
852061AK6 SPRINT COMMUNICATIONS 9.00000 11/15/2018 US 73,000 $73,452.60
85254J102 STAG INDUSTRIAL INC US STAG 4,355 $119,762.50
85571XAA5 SRPT 2014-STAR A FLTG RATE 3.37844 11/15/2027 US 1,620,686.88 $1,621,283.62
866674104 SUN COMMUNITIES US SUI 2,170 $220,341.80
867892101 SUNSTONE HOTEL INVESTORS INC US SHO 7,650 $125,154.00
874080104 TAL EDUCATION GROUP - ADR CN TAL 1,550 $39,850.50
87470LAA9 TALLGRASS NRG PRTNR/FIN 5.50000 09/15/2024 US 120,000 $122,250.00
87677QAA9 TXEZ 2016-1A 3.13100 06/15/2028 US 373,152.29 $372,124.89
87854WAA1 TECHNIPLAS LLC 10.00000 05/01/2020 US 205,000 $193,725.00
88032WAG1 TENCENT HOLDINGS LTD 3.59500 01/19/2028 KY 3,320,000 $3,142,422.13
88104LAE3 TERRAFORM POWER OPERATIN 5.00000 01/31/2028 US 120,000 $111,600.00
882508104 TEXAS INSTRUMENTS INC US TXN 21,160 $2,270,256.40
88650V208 TIER REIT INC US TIER 7,790 $187,739.00
89173CAA5 TPMT 2016-5 A1 2.50000 10/25/2056 US 1,489,280.93 $1,447,110.75
89613BAA5 TAH 2013-SFR1 A 2.58900 11/17/2033 US 1,184,906.03 $1,142,286.03
89613FAA6 TAH 2017-SFR2 A 2.92800 01/17/2036 US 1,250,000 $1,195,726.63
901109AF5 TUTOR PERINI CORP 6.87500 05/01/2025 US 286,000 $293,865.00
902653104 UDR INC US UDR 6,180 $249,857.40
903002103 UMH PROPERTIES INC US UMH 3,995 $62,481.80
90320MAA3 UPCB FINANCE IV LTD 5.37500 01/15/2025 KY 285,000 $284,643.75
904767704 UNILEVER PLC - ADR GB UL 67,285 $3,698,656.45
912810FM5 UNITED STATES TREAS BOND 6.25000 05/15/2030 US 4,871,000 $6,379,297.55
912810PT9 UNITED STATES TREAS BOND 4.75000 02/15/2037 US 7,244,000 $8,896,537.50
912810QV3 UNITED STATES TREAS INFL INDEX 0.75000 02/15/2042 US 3,353,951.47 $3,147,124.45
912810RK6 US TREASURY N/B 2.50000 02/15/2045 US 5,473,000 $4,793,364.56
912810RX8 US TREASURY N/B 3.00000 05/15/2047 US 9,245,000 $8,904,090.63
9128283W8 US TREASURY N/B 2.75000 02/15/2028 US 6,500,000 $6,337,246.11
912828D23 US TREASURY N/B 1.62500 04/30/2019 US 18,325,000 $18,237,670.01
912828K33 UNITED STATES TREAS INFL INDEX 0.12500 04/15/2020 US 26,830,684.74 $26,480,278.68
912828R28 US TREASURY N/B 1.62500 04/30/2023 US 6,400,000 $6,040,000.00
912828R36 US TREASURY N/B 1.62500 05/15/2026 US 6,637,000 $6,003,892.46
912828S92 US TREASURY N/B 1.25000 07/31/2023 US 11,373,000 $10,508,030.01
912828UH1 UNITED STATES TREAS INFL INDEX 0.12500 01/15/2023 US 3,220,751 $3,117,901.70
912828WZ9 UNITED STATES TREAS NTS 1.75000 04/30/2022 US 12,400,000 $11,911,265.66
912828X88 US TREASURY N/B 2.37500 05/15/2027 US 12,808,000 $12,160,095.28
912828XB1 UNITED STATES TREAS NTS 2.12500 05/15/2025 US 6,300,000 $5,965,066.42
91704F104 URBAN EDGE PROPERTIES US UE 8,410 $185,692.80
92276F100 VENTAS INC US VTR 1,715 $93,261.70
92339V100 VEREIT INC US VER 12,465 $90,495.90
92343VDV3 VERIZON COMMUNICATIONS 5.50000 03/16/2047 US 4,440,000 $4,861,676.52
92532F100 VERTEX PHARMACEUTICALS INC US VRTX 10,620 $2,046,898.80
92826C839 VISA INC - CLASS A SHARES US V 35,070 $5,263,656.30
92903PAC3 VNO 2010 - VNO A2FX 4.00350 09/13/2028 US 350,000 $355,912.83
929042109 VORNADO REALTY TRUST US VNO 2,740 $200,020.00
92960PAA7 W/S PACKAGING HOLDINGS 9.00000 04/15/2023 US 235,000 $242,931.25
948565AC0 WEEKLEY HOMES LLC/ FINAN 6.00000 02/01/2023 US 155,000 $149,962.50
94856UAA9 WEEKLEY HOMES LLC/ FINAN 6.62500 08/15/2025 US 256,000 $243,840.00
94987MAB7 WELLS FARGO COMMERCIAL MORTGAGE 4.39300 11/15/2043 US 545,000 $554,909.08
95040Q104 WELLTOWER INC. US WELL 2,040 $131,212.80
962166104 WEYERHAEUSER CO US WY 2,272 $73,317.44
962178AL3 TRI POINTE HOLDINGS INC 4.37500 06/15/2019 US 170,000 $170,850.00
962178AN9 TRI POINTE GROUP / HOMES 5.87500 06/15/2024 US 180,000 $178,650.00
96949LAD7 WILLIAMS PARTNERS LP 3.75000 06/15/2027 US 2,290,000 $2,179,883.01
97651JAE6 WINWATER MORTGAGE LOAN TRUST 3.50000 03/20/2045 US 717,353.72 $716,769.65
97652TAA1 WIN 2015-1 A1 3.50000 01/20/2045 US 840,622.7 $820,490.96
98919V105 ZAYO GROUP HOLDINGS INC US ZAYO 102,650 $3,564,008.00
AP0787667 MPC CONTAINER SHIPS FLT 7.11638 09/22/2022 NL 200,000 $204,306.00
AP8694550 BOREALIS FINANCE LLC 7.50000 11/16/2022 MH 400,000 $395,000.00
B0190C7 TECHTRONIC INDUSTRIES CO LTD HK 669 HK 6,000 $38,272.14
B02J639 ADMIRAL GROUP PLC GB ADM LN 1,695 $45,947.02
B037JC2 NEXITY FR NXI FP 1,340 $74,060.86
B0386J1 JYSKE BANK-REG DK JYSK DC 2,060 $99,748.71
B05LZ02 HAKUHODO DY HOLDINGS INC JP 2433 JP 2,200 $38,639.41
B06JSP1 SYDBANK A/S DK SYDB DC 2,385 $70,118.08
B09DHL9 MTU AERO ENGINES HOLDING AG DE MTX GR 190 $42,802.95
B09M9D2 KONE OYJ-B FI KNEBV FH 1,550 $82,737.01
B0JDQD4 BANDAI NAMCO HOLDINGS INC JP 7832 JP 2,100 $81,586.82
B11TCY0 SCHINDLER HOLDING-PART CERT CH SCHP SW 315 $78,610.31
B138HB7 KAUFMAN & BROAD SA FR KOF FP 2,370 $111,219.74
B13X013 EIFFAGE FR FGR FP 1,355 $151,366.64
B15C557 TOTAL SA FR FP FP 2,990 $194,411.91
B19NLV4 EXPERIAN PLC GB EXPN LN 1,725 $44,263.85
B1CRLC4 MONDI PLC GB MNDI LN 1,610 $44,081.62
B1FW751 GALP ENERGIA SGPS SA PT GALP PL 11,875 $235,455.40
B1KFX13 GRUPO AEROPORTUARIO DEL CENT MX OMAB MM 8,200 $58,605.86
B1WGG93 GEBERIT AG-REG CH GEBN SW 245 $113,714.72
B1XFTL2 HEXAGON AB-B SHS SE HEXAB SS 2,285 $133,779.32
B1XH026 VINCI SA FR DG FP 4,005 $381,034.67
B1Y9TB3 DANONE FR BN FP 2,286 $177,656.82
B1YVKN8 ANTA SPORTS PRODUCTS LTD CN 2020 HK 17,180 $82,014.47
B232R05 SK INNOVATION CO LTD KR 096770 KS 490 $94,981.58
B249GC0 MATSUMOTOKIYOSHI HOLDINGS CO JP 3088 JP 2,300 $94,319.03
B283W97 CAIXABANK S.A ES CABK SM 45,020 $204,747.31
B296BQ5 STORAGEVAULT CANADA INC CA SVI CN 14,240 $29,215.34
B3FF8W8 HOSHIZAKI CORP JP 6465 JP 400 $41,401.83
B3FP8W8 CANADA HOUSING TRUST 4.10000 12/15/2018 CA 338,000 $262,913.31
B3MSM28 AMADEUS IT HOLDING SA-A SHS ES AMS SM 465 $43,100.31
B3NB1P2 SUNCOR ENERGY INC CA SU CN 2,815 $108,925.56
B3ZD2V9 MEX BONOS DESARR FIX RT 6.50000 06/10/2021 MX 3,460,000 $179,245.53
B4888C1 CANADIAN GOVERNMENT FLT 2.75000 06/01/2022 CA 433,000 $340,617.28
B4NDCC9 MEX BONOS DESARR FIX RT 6.50000 06/09/2022 MX 5,621,000 $288,249.71
B4Q2TX3 CHINA LONGYUAN POWER GROUP-H CN 916 HK 187,000 $157,471.11
B4R2R50 JULIUS BAER CH BAER SW 5,350 $267,372.27
B4WTBY3 HUANENG RENEWABLES CORP-H CN 958 HK 466,000 $138,954.83
B4YN9R2 SINGAPORE GOVERNMENT 2.50000 06/01/2019 SG 739,000 $543,018.10
B4YVF56 BRENNTAG AG DE BNR GR 1,108 $68,331.95
B607XS1 VERMILION ENERGY INC CA VET CN 4,050 $133,447.92
B615Y14 MEX BONOS DESARR FIX RT 8.00000 06/11/2020 MX 8,562,000 $459,014.52
B61JC67 TREASURY WINE ESTATES LTD AU TWE AU 13,435 $169,575.85
B63QM77 NEXON CO LTD JP 3659 JP 11,200 $146,400.90
B6TC406 MEX BONOS DESARR FIX RT 7.75000 05/29/2031 MX 1,081,000 $56,519.42
B798FW0 NOVOZYMES A/S-B SHARES DK NZYMB DC 820 $44,975.77
B7VQL46 FNAC DARTY SA FR FNAC FP 1,445 $113,945.89
B8FMRX8 COLOPLAST-B DK COLOB DC 805 $82,235.12
BB22L96 KION GROUP AG DE KGX GR 1,850 $113,591.82
BBG00LNRP8L0 AMZN US 09/28/18 P1825 US -7 -$7.00
BBG00LRS8WH5 QRVO US 10/19/18 P70 US -207 -$7,038.00
BBG00LXHFRM9 SCHW US 10/26/18 C51.5 US -219 -$16,644.00
BD3JR69 CHINA MAPLE LEAF EDUCATIONAL CN 1317 HK 114,000 $59,852.45
BD6G507 FERRARI NV IT RACE IM 325 $44,640.77
BD6K457 COMPASS GROUP PLC GB CPG LN 2,025 $45,022.72
BD82246 EAGLE BULK SHIPCO 8.25000 11/28/2022 MH 200,000 $204,500.00
BDQZ7T7 WISDOM EDUCATION INTERNATION CN 6068 HK 110,000 $57,862.84
BDZV116 EPIROC AB-A SE EPIA SS 12,220 $136,535.54
BF2DSG3 SIKA AG-REG CH SIKA SW 260 $37,835.07
BF955D8 TELENET FINANCE LUX NOTE 5.50000 03/01/2028 LU 400,000 $376,000.00
BFYFZP5 FERGUSON PLC CH FERG LN 536 $45,464.78
BFYM460 UNIBAIL-RODAMCO-WESTFIELD FR URW NA 1,045 $210,511.59
BGHQ198 HIBERNIA REIT PLC IE HBRN ID 53,665 $88,476.94
BGLP232 MONCLER SPA IT MONC IM 1,890 $81,321.79
BH4TZ73 FU SHOU YUAN INTERNATIONAL CN 1448 HK 164,640 $128,562.93
BHC8X90 NOVO NORDISK A/S-B DK NOVOB DC 855 $40,240.64
BMMV2K8 TENCENT HOLDINGS LTD CN 700 HK 108,646 $4,436,106.15
BNBNSG0 EURONEXT NV NL ENX FP 2,060 $135,352.85
BNGN9Z1 FINECOBANK SPA IT FBK IM 14,445 $192,622.53
BP9DL90 INDUSTRIA DE DISENO TEXTIL ES ITX SM 94,620 $2,858,615.88
BQRRZ00 RECRUIT HOLDINGS CO LTD JP 6098 JP 2,300 $76,823.37
BVSS790 ELIS SA FR ELIS FP 6,650 $156,570.54
BYQ32R1 NEMAK SAB DE CV MX 99,900 $75,269.32
BYWPGC4 CHINA YUHUA EDUCATION CORP L CN 6169 HK 164,000 $79,022.09
BYXS699 QIAGEN N.V. NL QIA GR 2,512 $95,135.73
BYY8LS2 MAISONS DU MONDE SA FR MDM FP 3,015 $87,935.93
BYYHL23 ANHEUSER-BUSCH INBEV SA/NV BE ABI BB 65,770 $5,757,210.31
BYZ43T4 EUROBANK ERGASIAS SA GR EUROB GA 90,150 $68,058.86
BYZFYS3 SPIE SA FR SPIE FP 8,705 $173,361.12
BYZWX76 CRODA INTERNATIONAL PLC GB CRDA LN 1,795 $121,672.38
BZ01RF1 WILLIAM DEMANT HOLDING DK WDH DC 2,085 $78,267.57
BZ3C3Q4 BANKIA SA ES BKIA SM 30,897 $120,612.99
BZCNN35 BANCO COMERCIAL PORTUGUES-R PT BCP PL 280,845 $83,149.41
G02602103 AMDOCS LTD GG DOX 3,605 $237,857.90
G0772R208 BANK OF N.T. BUTTERFIELD&SON BM NTB 1,375 $71,307.50
G27358103 DESPEGAR.COM CORP AR DESP 1,885 $31,799.95
G3157S106 ENSCO INTERNATIONAL INC US ESV 218,150 $1,841,186.00
G37585AC3 GASLOG LTD 8.87500 03/22/2022 BM 272,000 $282,880.00
G5960L103 MEDTRONIC INC IE MDT 65,390 $6,432,414.30
G97822103 PERRIGO CO PLC IE PRGO 2,530 $179,124.00
H8817H100 TRANSOCEAN LTD US RIG 167,270 $2,333,416.50
M22465104 CHECK POINT SOFTWARE TECH IL CHKP 645 $75,897.15
N22717107 CORE LABORATORIES N.V. NL CLB 750 $86,872.50
N47279109 INTERXION HOLDING NV NL INXN 39,935 $2,687,625.50
N72482123 QIAGEN N.V. ADR NL QGEN 1,761 $66,706.68
USD US DOLLAR US 6,224,530.31 $6,224,530.31

Investments will change over time.

Distributions

  • Pro-Blend® Moderate Term Series Class I Distribution History
  • 2018 Distribution Calendar
  • Fourth Quarter 2017 Distributions
  • Third Quarter 2018 Distributions
  • Second Quarter 2018 Distributions
  • First Quarter 2018 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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