Mutual Fund

Pro-Blend® Moderate Term Series

Investment Objective

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

Investment Strategy

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

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

May be Appropriate for Investors

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

About Risk-Based Funds

Risk-based funds offer professional management and asset allocation through a choice of investment objectives that range from fairly aggressive to fairly conservative. All an investor has to do is determine which objective best suits their current risk tolerance and investment time horizon, then decide when to move to a different objective as their personal situation changes over the years.

Time Horizon & Range of Stock Exposure

Conservative TermModerate TermExtended TermMaximum Term
0-5 Years3-10 Years7-20 Years15+ Years
5-35%20-60%40-70%70-95%

Generally, the longer your time horizon, the more aggressive your investment objective can be. Greater stock exposure is typically associated with higher return potential and higher capital risk.

Learn more about our Pro-Blend® Series

Daily Price

$13.43

Daily $ Change

-$0.08

Daily % Change

-0.60%

as of 06/07/2023

Ticker

MNMRX

CUSIP

563821487

Inception Date

06/30/2010

Investment Minimum

$2,000.00

Investment minimum may be waived for certain qualified retirement plans, participants in an automatic investment program, and discretionary investment accounts of the Advisor.

Important Documents

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

Performance

As of 05/31/2023

YTD

5.25%

1 Year

-0.38%

3 Year

2.51%

5 Year

4.35%

10 Year

4.05%

Inception
(06/30/2010)

5.95%

Performance data quoted represents past performance and does not guarantee future results. Performance for periods greater than one year is annualized. The investment return and principal value of an investment will fluctuate, so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than that quoted.

Inception performance is based on the Pro-Blend® Moderate Term Series Class S inception of 09/15/1993. For periods through 06/30/2010 (the inception date of the Class R shares), performance for the Class R shares is hypothetical and is based on the historical performance of the Class S shares adjusted for the Class R shares’ charges and expenses.

Expense Ratio

Gross 1.26%

*Includes a 12b-1 fee of 0.50%, of which up to 0.25% is available as a shareholder servicing fee. Reflects the Advisor’s contractual agreement to limit its fees and reimburse certain expenses. The contractual waiver may not be amended or terminated without the prior approval of the Fund's Board of Directors.

Top Ten Investments

As of 05/31/2023

TREASURY NOTES 21.03%
GOVERNMENT AGENCY 9.96%
TREASURY BILLS 5.10%
TREASURY BONDS 4.05%
AMAZON.COM INC 1.63%
ALPHABET INC-CL A 1.45%
TENCENT HOLDINGS 3.97500 04/11/2029 1.30%
MICRON TECHNOLOGY INC 1.28%
META PLATFORMS INC 1.24%
MASTERCARD INC-CLASS A 1.16%

This investment list is unaudited and excludes cash.

Asset Allocation

As of 05/31/2023

Bonds
62.08%
Stocks
35.68%
Cash
2.24%

Detailed Asset Class Allocation

As of 05/31/2023

International Equities
9.45%
Small Capitalization
0.36%
Mid Capitalization
3.78%
Large Capitalization
22.09%
Long Term Fixed Income
13.57%
Intermediate Term Fixed Income
42.09%
Short Term Fixed Income
6.42%
Cash
2.24%

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

Security Description Country Ticker Shares/Par Market Value (USD)
3M CO US MMM 622 $58,038.82
ABBOTT LABORATORIES US ABT 1,169 $119,238.00
ADMIRAL GROUP PLC GB AMIGY 58,373 $1,687,563.43
ADMIRAL GROUP PLC GB ADM LN 14,509 $420,279.75
ADYEN NV NL ADYEN NA 80 $131,027.37
AERCAP IRELAND CAP/GLOBA 3.00000 10/29/2028 IE 1,430,000 $1,239,748.51
AGREE REALTY CORP US ADC 3,831 $247,061.19
AIR LIQUIDE FR AI FP 2,006 $336,110.81
AIR LIQUIDE-ADR FR AIQUY 62,042 $2,079,647.84
AIRBUS SE FR AIR FP 1,611 $211,565.04
ALASKA AIR 2020-1 CL B 8.00000 08/15/2025 US 123,574.1 $125,262.99
ALCON INC CH ALC 26,516 $2,052,073.24
ALIBAB GROUP HOLDINGS 2.12500 02/09/2031 KY 800,000 $657,122.79
ALIBABA GROUP HOLDING 4.00000 12/06/2037 KY 2,860,000 $2,422,455.32
ALPHABET INC-CL A US GOOGL 44,868 $5,512,931.16
AMAZON.COM INC US AMZN 51,421 $6,200,344.18
AMAZON.COM INC 3.30000 04/13/2027 US 2,660,000 $2,565,260.11
AMERICAN HOMES 4 RENT- A US AMH 2,890 $99,069.20
AMERICAN TANKER INC 7.75000 07/02/2025 US 505,000 $485,310.38
AMERICAN TOWER REIT INC US AMT 977 $180,197.88
AMERICOLD REALTY TRUST US COLD 8,327 $243,981.10
ANALOG DEVICES INC US ADI 568 $100,927.92
APARTMENT INCOME REIT CO US AIRC 2,865 $99,386.85
APPLIED MATERIALS INC US AMAT 12,948 $1,725,968.40
ARCHER-DANIELS-MIDLAND CO US ADM 694 $49,031.10
ASHTEAD CAPITAL INC 4.00000 05/01/2028 US 1,220,000 $1,130,428.34
ASTRAZENECA GB AZN 3,727 $272,369.16
ATLASSIAN CORP PLC-CLASS A AU TEAM 720 $130,168.80
AUCKLAND INTL AIRPORT LTD NZ AIA NZ 20,443 $109,264.13
AUTO TRADER GROUP PLC GB AUTO LN 48,836 $383,266.07
AVALONBAY COMMUNITIES INC US AVB 884 $153,798.32
AVANZA BANK HOLDING AB SE AZA SS 6,829 $141,803.29
BABS 2021-RM2 A 1.75000 10/25/2061 US 1,200,522.33 $1,049,825.56
BAE SYSTEMS PLC GB BA/ LN 31,545 $364,582.82
BAE SYSTEMS PLC -SPON ADR GB BAESY 28,679 $1,347,626.21
BANK OF AMERICA CORP US BAC 4,384 $121,831.36
BANK OF AMERICA CORP 2.68700 04/22/2032 US 2,190,000 $1,808,985.90
BARRICK GOLD CORP CA GOLD 56,768 $958,243.84
BAXTER INTERNATIONAL INC US BAX 675 $27,486.00
BEIERSDORF AG DE BEI GR 2,160 $275,636.81
BIOMARIN PHARMACEUTICAL INC US BMRN 23,828 $2,071,606.32
BNSF FUNDING TRUST I 6.61300 12/15/2055 US 1,140,000 $1,095,536.32
BRANDYWINE REALTY TRUST US BDN 9,278 $36,184.20
BRISTOL MYERS SQUIBB CO US BMY 1,777 $114,509.88
BROADCOM INC US AVGO 219 $176,943.24
BROADRIDGE FINANCIAL SOLUTIONS US BR 206 $30,224.32
BROOGE PETROLEUM AND GAS 8.50000 09/24/2025 AE 172,000 $147,775.22
BUNGE LIMITED US BG 269 $24,920.16
C.H. ROBINSON WORLDWIDE INC US CHRW 269 $25,431.26
CAALT 2020-3A A 1.24000 10/15/2029 US 816,601.29 $807,693.25
CAALT 2021-2A A 0.96000 02/15/2030 US 1,260,927.16 $1,232,721.85
CALDERYS FINANCING LLC 11.25000 06/01/2028 US 370,000 $374,828.50
CAMPBELL SOUP CO US CPB 580 $29,319.00
CANADIAN NATIONAL RAILWAY CO CA CNI 15,515 $1,749,005.95
CARETRUST REIT INC US CTRE 7,636 $148,138.40
CATERPILLAR INC US CAT 552 $113,574.00
CBOE GLOBAL MARKETS INC US CBOE 10,623 $1,406,697.66
CBSLT 2019-AGS A1 MTGE 2.54000 01/25/2047 US 604,262.55 $548,637.10
CELLNEX TELECOM SA ES CLNX SM 7,338 $297,375.94
CELLNEX TELECOM SAU-UNSP ADR ES CLLNY 8,678 $175,469.16
CENOVUS ENERGY INC 6.75000 11/15/2039 CA 1,220,000 $1,277,155.74
CHEVRON CORP US CVX 1,087 $163,723.94
CIM 2019-INV1 A1 4.00000 02/25/2049 US 41,807.8 $40,534.09
CISCO SYSTEMS INC US CSCO 3,234 $160,632.78
CITIGROUP INC US C 1,973 $87,443.36
CITIGROUP INC 1.46200 06/09/2027 US 2,100,000 $1,872,028.03
CLARK CNTY NV 1.51000 11/01/2028 US 2,530,000 $2,167,978.68
CLEANAWAY WASTE MANAGEMENT AU CWY AU 130,701 $220,846.84
CMLTI 2021-INV1 2.50000 05/25/2051 US 643,032.48 $518,525.44
COCA COLA CO/THE US KO 39,943 $2,382,999.38
COGNIZANT TECH SOLUTIONS - A US CTSH 543 $33,932.07
COLGATE-PALMOLIVE CO US CL 955 $71,032.90
COLO 2023 - 1A A2 MTGE 5.11600 02/25/2053 US 1,600,000 $1,502,470.37
COMCAST CORP-CL A US CMCSA 3,416 $134,419.60
COMMUNITY HEALTHCARE TRUST I US CHCT 3,724 $122,147.20
CONAGRA BRAND INC. US CAG 854 $29,778.98
CONOCOPHILLIPS US COP 937 $93,044.10
COPART INC US CPRT 19,023 $1,666,224.57
CORNING INC US GLW 926 $28,530.06
COTERRA ENERGY INC US CTRA 1,120 $26,040.00
COUSINS PROPERTIES INC US CUZ 6,599 $131,452.08
CSMC 2013-7 A6 3.50000 08/25/2043 US 133,844.58 $121,132.20
CSMC 2013-IVR2 A2 3.00000 04/25/2043 US 301,147.13 $267,309.83
CSMC 2013-IVR3 A1 2.50000 05/25/2043 US 264,968.41 $227,566.31
CSMC 2013-TH1 A1 2.13000 02/25/2043 US 150,353.41 $127,395.08
CSMC 2014-IVR3 A1 3.50000 07/25/2044 US 58,628.31 $53,159.75
CSX CORP US CSX 50,144 $1,537,916.48
CUMMINS INC US CMI 232 $47,423.12
CVS HEALTH CORP US CVS 908 $61,771.24
DANONE FR BN FP 2,198 $130,097.25
DEUTSCHE BOERSE AG DE DB1 GR 1,844 $318,945.22
DEUTSCHE BOERSE AG ADR DE DBOEY 77,498 $1,336,840.50
DEVON ENERGY CORPORATION US DVN 769 $35,450.90
DIAGEO PLC GB DGE LN 5,684 $236,298.38
DIAMONDBACK ENERGY INC US FANG 238 $30,261.70
DIGITAL REALTY TRUST INC US DLR 771 $78,996.66
DOW INC US DOW 800 $39,024.00
DREYFUS GVT CSH MANAGEMENT US 8,710,717.49 $8,710,717.49
EBAY INC US EBAY 739 $31,437.06
ELECTRONIC ARTS US EA 29,145 $3,730,560.00
EMERSON ELEC CO US EMR 744 $57,793.92
ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 US 2,728,000 $2,721,038.96
EOG RESOURCES INC US EOG 549 $58,902.21
EQUINIX INC US EQIX 1,258 $937,901.90
EQUITY COMMONWEALTH US EQC 6,474 $132,393.30
EQUITY LIFESTYLE PROPERTIES US ELS 4,220 $266,577.40
ESSEX PROPERTY TRUST INC US ESS 366 $79,077.96
EVERGY INC US EVRG 30,225 $1,748,516.25
EXTRA SPACE STORAGE INC US EXR 386 $55,688.22
EXXON MOBIL CORP US XOM 1,742 $177,997.56
FEDERAL NATL MTG ASSN 889576 6.00000 04/01/2038 US 161,696.39 $170,929.25
FEDERAL NATL MTG ASSN 995196 6.00000 07/01/2038 US 344,647.88 $364,270.84
FEDERAL NATL MTG ASSN AD0207 6.00000 10/01/2038 US 59,376.77 $62,767.18
FEDERAL NATL MTG ASSN AD0220 6.00000 10/01/2038 US 19,135.21 $20,224.70
FEDERAL NATL MTG ASSN AD0462 5.50000 10/01/2024 US 1,043.02 $1,035.53
FEDERAL NATL MTG ASSN AL0152 6.00000 06/01/2040 US 331,433.41 $350,358.25
FEDERAL NATL MTG ASSN AL1595 6.00000 01/01/2040 US 230,777.3 $243,954.68
FEDERAL NATL MTG ASSN AL7068 4.50000 09/01/2042 US 98,593.32 $97,883.18
FEDERAL NATL MTG ASSN AL8674 FLT 5.64500 01/01/2049 US 861,316.63 $898,875.63
FEDERAL NATL MTG ASSN AX5234 4.50000 11/01/2044 US 331,931.85 $328,919.84
FEDERAL NATL MTG ASSN BD1381 3.50000 06/01/2046 US 59,797.82 $55,607.66
FEDERAL NATL MTG ASSN BE7845 4.50000 02/01/2047 US 56,341.31 $55,641.08
FEDERAL NATL MTG ASSN BW1194 4.00000 09/01/2052 US 2,072,063.49 $1,956,119.02
FEDERAL NATL MTG ASSN FN FS1179 3.50000 12/01/2049 US 2,174,281.73 $2,021,362.41
FEDERAL NATL MTG ASSN FN MA3412 3.50000 07/01/2038 US 293,820.52 $278,177.34
FEDERAL NATL MTG ASSN FN MA3463 4.00000 09/01/2033 US 352,954.53 $344,260.16
FEDERAL NATL MTG ASSN FN MA4687 4.00000 06/01/2042 US 2,266,129.66 $2,167,155.45
FEDERAL NATL MTG ASSN FR ZS4751 3.50000 01/01/2048 US 120,146.98 $111,698.75
FEDERAL NATL MTG ASSN MA0258 4.50000 12/01/2039 US 297,667.76 $295,523.75
FEDERAL NATL MTG ASSN MA1834 4.50000 02/01/2034 US 240,499.6 $239,008.30
FEDERAL NATL MTG ASSN MA1903 4.50000 05/01/2034 US 168,024.15 $166,982.26
FEDERAL NATL MTG ASSN MA4600 3.50000 05/01/2052 US 2,436,911.27 $2,235,485.18
FEDERAL NATL MTG ASSN MA4644 4.00000 05/01/2052 US 2,384,770.67 $2,251,328.35
FEDERAL NATL MTG ASSN MA5043 5.00000 06/01/2038 US 2,350,000 $2,344,077.06
FEDERAL NATL MTG ASSN SD8044 3.00000 02/01/2050 US 2,300,908.54 $2,055,209.61
FEDERAL NATL MTG ASSN SD8276 5.00000 12/01/2052 US 1,867,888.89 $1,838,377.44
FEDERAL NATL MTG FN MA4203 2.50000 12/01/2040 US 2,076,742.95 $1,832,706.57
FEDEX CORPORATION US FDX 212 $46,211.76
FHLM POOL A92889 4.50000 07/01/2040 US 506,312.52 $502,653.49
FHLM POOL C91762 4.50000 05/01/2034 US 278,979.47 $277,538.85
FHLM POOL C91771 4.50000 06/01/2034 US 4,937.99 $4,912.68
FHLM POOL C91780 4.50000 07/01/2034 US 6,491.76 $6,467.67
FHLM POOL FG 08772 4.50000 07/01/2047 US 59,254.43 $58,394.41
FHLM POOL G03781 6.00000 01/01/2038 US 63,326.53 $67,015.23
FHLM POOL G03926 6.00000 02/01/2038 US 87,742.85 $92,853.77
FHLM POOL G05900 6.00000 03/01/2040 US 49,008.22 $51,862.89
FHLM POOL G05906 6.00000 04/01/2040 US 43,942.57 $46,502.18
FHLM POOL G13331 5.50000 10/01/2023 US 41.66 $41.50
FHLM POOL SD8230 4.50000 06/01/2052 US 2,454,802.74 $2,373,171.86
FHR 5189 CP 2.50000 06/25/2049 US 2,166,621.21 $1,876,797.99
FIFTH THIRD BANCORP US FITB 1,094 $26,551.38
FINECOBANK SPA IT FBK IM 15,407 $205,809.30
FLAGSHIP COMMUNITIES REIT UT US MHC/U CN 7,157 $107,784.42
FLX 2021-1A A2 3.25000 11/27/2051 US 2,100,000 $1,860,600.00
FMC CORP US FMC 29,869 $3,108,765.52
FN DS2696 3.00000 12/01/2051 US 2,636,312.27 $2,354,587.87
FN MA4733 4.50000 09/01/2052 US 2,549,974.36 $2,465,185.42
FN MA4807 MTGE 5.50000 11/01/2052 US 1,207,609.61 $1,206,276.65
FN MA4868 MTGE 5.00000 01/01/2053 US 1,956,446.42 $1,925,539.18
FN MA4934 MTGE 5.00000 02/01/2043 US 2,926,913.64 $2,899,571.06
FNR 2018-31 KP 3.50000 07/25/2047 US 27,758.33 $26,833.95
FNR 2021-69 WJ 1.50000 10/25/2050 US 905,074.21 $760,993.78
FONTAINEBLEAU MIAMI BEACH TRUST 3.14400 12/10/2036 US 1,541,000 $1,462,737.59
GENERAL DYNAMICS CORP US GD 325 $66,358.50
GENERAL MLS INC US GIS 790 $66,486.40
GENUINE PARTS CO US GPC 251 $37,381.43
GETTY REALTY CORP US GTY 5,313 $182,076.51
GILEAD SCIENCES INC US GILD 1,311 $100,868.34
GNR 2017-54 AH MTGE 2.60000 12/16/2056 US 290,097.87 $265,821.03
GOLDEN PEAR FUND HOLDCO 10.00000 03/02/2028 US 230,000 $215,081.24
GOODG 2020-1A MTGE 2.63000 04/15/2055 US 1,010,672.42 $851,226.52
GREENIDGE GEN HLD INC US 10,000 $47,500.00
GSMBS 2021-INV1 A9 5.00000 12/25/2051 US 1,180,269.31 $1,091,977.02
GSMBS 2021-PJ6 A8 2.50000 11/25/2051 US 937,168.72 $808,186.05
GSMBS 2021-PJ9 A8 2.50000 02/26/2052 US 961,296.27 $828,598.24
HALLIBURTON CO US HAL 984 $28,191.60
HARTFORD FINL SVCS US HIG 365 $25,009.80
HAWAII ST 2.68200 10/01/2038 US 1,835,000 $1,393,060.71
HDFC BANK LTD-ADR IN HDB 4,109 $264,619.60
HEALTHCARE REALTY TRUST INC US HR 12,114 $225,441.54
HEINEKEN NV NL HEIA NA 3,023 $305,862.49
HEINEKEN NV-SPN ADR NL HEINY 38,317 $1,936,541.18
HELIOS TOWERS PLC GB HTWS LN 70,026 $78,876.88
HOME DEPOT INC US HD 715 $202,666.75
HONEYWELL INTERNATIONAL INC US HON 641 $122,815.60
HUNTINGTON BANCSHARES US HBAN 1,845 $19,021.95
HWIRE 2021-1 A2 2.31100 11/20/2051 US 1,950,000 $1,731,480.08
IDEXX LABORATORIES INC US IDXX 4,515 $2,098,436.55
IIP OPERATING PARTNER 5.50000 05/25/2026 US 490,000 $419,679.48
IMCD NV NL IMCD NA 690 $104,009.01
IMPRL 2021-NQM3 1.59500 11/25/2056 US 1,081,475.7 $907,545.38
INTERCONTINENTALEXCHANGE INC US ICE 13,568 $1,437,529.60
INTERMEDIATE CAPITAL GROUP GB ICP LN 7,102 $123,268.58
INTERNATIONAL BUSINESS MACH CORP US IBM 614 $78,954.26
INTERNATIONAL FLVRS & FRAGRANCES US IFF 352 $27,206.08
INTUIT INC US INTU 3,657 $1,532,721.84
INTUITIVE SURGICAL INC US ISRG 4,946 $1,522,576.64
INVITATION HOMES INC US INVH 7,067 $239,429.96
ITALY GOV'T INT BOND 2.37500 10/17/2024 IT 380,000 $363,446.54
JM SMUCKER CO/THE-NEW COM WI US SJM 206 $30,197.54
JOHNSON & JOHNSON US JNJ 26,761 $4,149,560.66
JP MORGAN CHASE & CO US JPM 1,667 $226,228.57
JPMMT 2014-2 1A1 3.00000 06/25/2029 US 202,516.79 $191,415.75
JPMMT 2017-2 A3 3.50000 05/25/2047 US 12,643.69 $11,125.44
JPMORGAN CHASE & CO 4.49300 03/24/2031 US 3,140,000 $3,031,032.11
KELLOGG CO US K 393 $26,240.61
KEYENCE CORP JP 6861 JP 400 $193,911.16
KEYWORDS STUDIOS PLC IE KWS LN 2,973 $71,931.22
KIMBERLY CLARK DE MEXICO S.A.B. MX KIMBERA MM 146,700 $299,802.42
KRAFT HEINZ CO/THE US KHC 1,102 $42,118.44
L'OREAL FR OR FP 156 $66,790.82
L3HARRIS TECHNOLOGIES INC US LHX 10,853 $1,909,259.76
LEXINGTON REALTY TRUST US LXP 15,835 $163,733.90
LIFE STORAGE INC US LSI 1,608 $204,843.12
LINDE PLC IE LIN 480 $169,756.80
LOCKHEED MARTIN CORP US LMT 248 $110,114.48
LULULEMON - ADR CA LULU 626 $207,788.18
MARATHON OIL CORP US MRO 833 $18,459.28
MARATHON PETROLEUM CORP US MPC 514 $53,923.74
MASCO CORP US MAS 59,842 $2,891,565.44
MASTERCARD INC-CLASS A US MA 12,067 $4,404,696.34
MEDTRONIC INC IE MDT 40,441 $3,346,897.16
MEITUAN DIANPING - CLASS B CN 3690 HK 60 $842.48
MERCADOLIBRE INC BR MELI 164 $203,196.00
MERCK & CO INC US MRK 1,865 $205,914.65
META PLATFORMS INC US META 17,752 $4,699,309.44
MEX BONOS DESARR FIX RT 7.75000 05/29/2031 MX 1,081,000 $57,422.47
MICROCHIP TECHNOLOGY INC US MCHP 633 $47,639.58
MICRON TECHNOLOGY INC US MU 71,213 $4,856,726.60
MICROSOFT CORP US MSFT 10,425 $3,423,465.75
MID-AMERICA APARTMENT COMM US MAA 1,356 $199,413.36
MONARCH CASINO & RESORT INC US MCRI 1,230 $79,814.70
MONDELEZ INTERNATIONAL INC US MDLZ 44,728 $3,283,482.48
MOODY'S CORPORATION US MCO 8,528 $2,702,352.64
NAVIENT CORP 6.75000 06/25/2025 US 475,000 $462,194.16
NAVSL 2020-FA A 1.22000 07/15/2069 US 534,745.83 $490,126.48
NESTLE S.A. - ADR CH NSRGY 16,950 $2,012,473.50
NESTLE SA-REGISTERED CH NESN SW 2,989 $354,305.01
NETAPP INC US NTAP 414 $27,468.90
NEWCASTLE COAL INFRASTRU 4.40000 09/29/2027 AU 1,280,000 $1,151,517.00
NEWMONT GOLDCORP CORP US NEM 14,546 $589,840.30
NIKE INC CLASS B US NKE 11,799 $1,241,962.74
NORFOLK SOUTHN CORP US NSC 245 $51,004.10
NORTHROP GRUMMAN CORP US NOC 4,922 $2,143,481.78
NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 CA 497,000 $49.70
NOVARTIS AG- REG CH NVS 18,093 $1,741,451.25
NRZT 2014-3A AFX3 3.75000 11/25/2054 US 262,598.81 $240,140.15
NRZT 2015-2A A1 3.75000 08/25/2055 US 304,557.33 $284,440.77
NRZT 2016-4A A1 3.75000 11/25/2056 US 353,019.31 $324,769.22
NSLT 2012-3A A MTGE FLT 5.83800 03/26/2040 US 199,749.64 $195,106.47
OASIS 2022-2A A 6.85000 10/15/2034 US 764,106.75 $758,808.59
OASIS 2023-1A 7.00000 02/15/2035 US 1,042,318.16 $1,034,165.56
ODFJELL DRILLING LTD 9.25000 05/31/2028 BM 400,000 $402,000.00
OMNICOM GROUP US OMC 379 $33,424.01
OXFIN 2019-1A A2 4.45900 02/15/2027 US 14,817.5 $14,700.63
OXFIN 2020-1A A2 3.10100 02/15/2028 US 499,719.19 $494,981.85
OXFIN 2022-1A 3.60200 02/15/2030 US 1,925,000 $1,768,430.90
OXFIN 2023-1A A2 6.71600 02/15/2031 US 2,170,000 $2,153,084.63
PACKAGING CORP OF AMERICA US PKG 176 $21,829.28
PARAMOUNT GLOBAL CLASS B US PARA 1,037 $15,772.77
PEAR 2021-1 A MTGE 2.60000 01/15/2034 US 1,668,164.88 $1,574,878.43
PEAR 2022-1 A1 6.50000 10/15/2034 US 433,512.95 $432,823.92
PEPSICO INC 3.90000 07/18/2032 US 2,360,000 $2,279,285.40
PFIZER INC US PFE 3,512 $133,526.24
PFMT 2021 -INV1 A1 2.50000 08/25/2051 US 1,834,598.71 $1,480,266.52
PFMT 2021-2 A2A 2.00000 04/25/2051 US 1,141,677.25 $970,894.55
PHILLIPS 66 US PSX 407 $37,285.27
PMTLT 2013-J1 a9 3.50000 09/25/2043 US 281,165.59 $254,333.28
POPULAR INC 6.12500 09/14/2023 PR 425,000 $422,875.00
PPG INDUSTRIES INC US PPG 286 $37,548.94
PROLOGIS US PLD 8,791 $1,094,919.05
PUBLIC STORAGE INC US PSA 1,323 $374,805.90
QUALCOMM INC US QCOM 1,042 $118,173.22
QUALCOMM INC 4.25000 05/20/2032 US 2,490,000 $2,422,182.48
QUEST DIAGNOSTICS INC US DGX 221 $29,315.65
RAYTHEON TECHNOLOGIES CORP US RTX 940 $86,611.60
RCKT 2021-6 A1 2.50000 12/25/2051 US 1,220,469.71 $984,800.06
REALTY INCOME CORP US O 3,404 $202,333.76
REGIONS FINANCIAL CORP. US RF 1,654 $28,564.58
RENAISSANCERE HOLDINGS LTD BM RNR 1,043 $196,469.91
RENTOKIL INITIAL PLC GB RTO LN 31,508 $250,632.87
RENTOKIL INITIAL PLC-SP ADR GB RTO 37,218 $1,478,671.14
RESTAURANT BRANDS INTERN CA QSR 2,504 $182,566.64
REXFORD INDUSTRIAL REALITY IN US REXR 4,470 $243,346.80
S&P GLOBAL INC US SPGI 3,085 $1,133,521.55
SALESFORCE INC US CRM 7,579 $1,692,997.02
SBA COMMUNICATIONS CORP US SBAC 1,336 $296,298.08
SBA TOWER TRUST 1.88400 01/15/2026 US 520,000 $469,626.20
SBA TOWER TRUST 6.59900 01/15/2028 US 1,960,000 $2,028,261.31
SCHLUMBERGER LTD NL SLB 1,163 $49,811.29
SCML 2019-SBC8 2.86000 04/25/2041 US 154,383.24 $142,317.50
SEMT 2013-2 1.87400 02/25/2043 US 231,108.31 $201,334.83
SEMT 2013-6 A2 3.00000 05/25/2043 US 453,366.42 $390,430.16
SEMT 2013-7 A2 3.00000 06/25/2043 US 156,260.12 $138,151.08
SEMT 2013-8 A1 3.00000 06/25/2043 US 187,239.81 $166,274.29
SEMT 2017-6 A19 MTGE 3.50000 09/25/2047 US 78,488.42 $70,753.92
SEMT 2020-1 A1 3.50000 02/25/2050 US 75,204.5 $66,395.78
SERVICENOW INC US NOW 6,431 $3,503,480.18
SIMON PROPERTY GROUP LP 2.65000 02/01/2032 US 4,230,000 $3,437,024.87
SKYWORKS SOLUTIONS INC US SWKS 245 $25,359.95
SLMA 2005-7 A4 FLT 5.40514 10/25/2029 US 189,638.71 $188,758.92
SMB 2019-B A2A 2.84000 06/15/2037 US 1,302,516.05 $1,202,575.65
SOFI 2018-B A2FX MTGE 3.34000 08/25/2047 US 244,924.32 $236,833.10
SOFTWAREONE HOLDING AG CH SWON SW 5,575 $85,534.98
SONY CORP FIRST SECTION JP 6758 JP 3,400 $318,853.31
SORT 2020-1 A1 MTGE 1.69000 07/15/2060 US 921,938.3 $832,634.29
SORT 2020-1 A2 1.99000 07/15/2060 US 794,497.79 $667,901.00
SOUTH CAROLINA ST PUBLIC SVC 2.32900 12/01/2028 US 955,000 $827,836.70
SRPT 2014-STAR A FLTG RATE 6.57800 11/15/2027 US 1,910,952.51 $1,394,968.64
STAG INDUSTRIAL INC US STAG 3,130 $108,924.00
SUN COMMUNITIES US SUI 2,594 $328,478.22
SYNCHRONOSS TECH US 13,352 $247,012.00
SYSCO CORP US SYY 495 $34,625.25
TAIWAN SEMICONDUCTOR - SP ADR TW TSM 28,030 $2,763,477.70
TE CONNECTIVITY LIMITED CH TEL 372 $45,562.56
TECHTRONIC INDUSTRIES CO LTD HK 669 HK 16,500 $152,803.58
TENCENT HOLDINGS 3.97500 04/11/2029 KY 5,250,000 $4,947,259.12
TENCENT HOLDINGS LTD CN 700 HK 6,700 $265,148.09
TERRENO REALTY CORP US TRNO 3,715 $227,840.95
TEXAS INSTRUMENTS INC US TXN 661 $114,934.68
THERMO FISHER SCIENTIFIC INC US TMO 2,641 $1,342,842.86
TOKYO ELECTRON LTD JP 8035 JP 1,200 $163,206.69
TPMT 2016-5 A1 2.50000 10/25/2056 US 120,289.33 $118,161.64
TPMT 2017-1 A1 2.75000 10/25/2056 US 84,841.68 $83,425.36
TPMT 2019-HY1 A1 6.13800 10/25/2048 US 283,042.77 $280,521.82
TRAVELLERS COS INC US TRV 319 $53,987.56
TREASURY BILL 0.00000 05/16/2024 US 20,345,000 $19,370,407.56
TREASURY BOND 2.37500 02/15/2042 US 14,900,000 $11,638,296.88
TREASURY NOTE 2.25000 11/15/2027 US 16,260,000 $15,209,451.64
TRUIST FINANCIAL CORP US TFC 1,224 $37,295.28
TYSON FOODS INC -CL A US TSN 509 $25,775.76
U.S. BANCORP US USB 1,648 $49,275.20
UDR INC US UDR 6,068 $240,717.56
UNILEVER PLC - ADR GB UL 74,821 $3,736,560.74
UNION PAC CORP US UNP 8,017 $1,543,432.84
UNITED AIR 2018-1 B PTT 4.60000 03/01/2026 US 70,210.35 $66,081.88
UNITED AIR 2019-2 B PTT 3.50000 05/01/2028 US 389,716.92 $351,506.38
UNITED PARCEL SERVICE US UPS 622 $103,874.00
US CLAIMS LIT FNDG LLC 10.25000 03/17/2028 US 250,000 $239,293.27
US TEASURY NOTE 1.75000 11/15/2029 US 16,985,000 $15,139,208.29
US TREASURY N/B 0.87500 11/15/2030 US 19,180,000 $15,775,550.00
US TREASURY N/B 2.00000 11/15/2026 US 17,225,000 $16,136,326.26
US TREASURY N/B 3.12500 11/15/2028 US 18,270,000 $17,677,652.44
US TREASURY N/B 3.62500 02/15/2053 US 3,910,000 $3,744,435.94
VALERO ENERGY US VLO 325 $34,788.00
VENTAS INC US VTR 2,769 $119,454.66
VERTEX PHARMACEUTICALS INC US VRTX 5,915 $1,913,916.55
VISA INC - CLASS A SHARES US V 16,278 $3,597,926.34
VISTRA OPERATIONS 4.87500 05/13/2024 US 2,065,000 $2,035,418.90
VISTRA OPERATIONS CO LLC 3.55000 07/15/2024 US 600,000 $580,372.29
WARNERMEDIA HOLDINGS INC 4.05400 03/15/2029 US 3,300,000 $3,015,325.53
WELLS FARGO COMPANY US WFC 2,339 $93,115.59
WELLTOWER INC. US WELL 2,716 $202,640.76
WIN 2015-1 A1 3.50000 01/20/2045 US 78,220.25 $71,322.29

Investments will change over time.

Distributions

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

A Word About Risk

All investments involve risks, including possible loss of principal. Because the fund invests in both stocks and bonds, the value of your investment will fluctuate in response to stock market movements and changes in interest rates. Investing in the fund will also involve a number of other risks, including issuer-specific risk, foreign investment risk, and small-cap/mid-cap risk. Investments in options and futures, like all derivatives, can be highly volatile and involve risks in addition to the risks of the underlying instrument on which the derivative is based, such as counterparty, correlation and liquidity risk. Also, the use of leverage increases exposure to the market and may magnify potential losses.

Daily Price

$13.43

Daily $ Change

-$0.08

Daily % Change

-$0.60

as of 06/07/2023

Ticker

MNMRX

CUSIP

563821487

Inception Date

06/30/2010

Investment Minimum

$2,000.00

Investment minimum may be waived for certain qualified retirement plans, participants in an automatic investment program, and discretionary investment accounts of the Advisor.

Important Documents

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

Investment Objective

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

Investment Strategy

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

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

May be Appropriate for Investors

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

About Risk-Based Funds

Risk-based funds offer professional management and asset allocation through a choice of investment objectives that range from fairly aggressive to fairly conservative. All an investor has to do is determine which objective best suits their current risk tolerance and investment time horizon, then decide when to move to a different objective as their personal situation changes over the years.

Time Horizon & Range of Stock Exposure

Conservative TermModerate TermExtended TermMaximum Term
0-5 Years3-10 Years7-20 Years15+ Years
5-35%20-60%40-70%70-95%

Generally, the longer your time horizon, the more aggressive your investment objective can be. Greater stock exposure is typically associated with higher return potential and higher capital risk.

Learn more about our Pro-Blend® Series

Performance

As of 05/31/2023

YTD

5.25%

1 Year

-0.38%

3 Year

2.51%

5 Year

4.35%

10 Year

4.05%

Inception
(06/30/2010)

5.95%

Performance data quoted represents past performance and does not guarantee future results. Performance for periods greater than one year is annualized. The investment return and principal value of an investment will fluctuate, so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than that quoted.

Inception performance is based on the Pro-Blend® Moderate Term Series Class S inception of 09/15/1993. For periods through 06/30/2010 (the inception date of the Class R shares), performance for the Class R shares is hypothetical and is based on the historical performance of the Class S shares adjusted for the Class R shares’ charges and expenses.

Expense Ratio

Gross 1.26%

*Includes a 12b-1 fee of 0.50%, of which up to 0.25% is available as a shareholder servicing fee. Reflects the Advisor’s contractual agreement to limit its fees and reimburse certain expenses. The contractual waiver may not be amended or terminated without the prior approval of the Fund's Board of Directors.

Top Ten Investments

As of 05/31/2023

TREASURY NOTES 21.03%
GOVERNMENT AGENCY 9.96%
TREASURY BILLS 5.10%
TREASURY BONDS 4.05%
AMAZON.COM INC 1.63%
ALPHABET INC-CL A 1.45%
TENCENT HOLDINGS 3.97500 04/11/2029 1.30%
MICRON TECHNOLOGY INC 1.28%
META PLATFORMS INC 1.24%
MASTERCARD INC-CLASS A 1.16%

This investment list is unaudited and excludes cash.

Asset Allocation

As of 05/31/2023

Bonds
62.08%
Stocks
35.68%
Cash
2.24%

Detailed Asset Class Allocation

As of 05/31/2023

International Equities
9.45%
Small Capitalization
0.36%
Mid Capitalization
3.78%
Large Capitalization
22.09%
Long Term Fixed Income
13.57%
Intermediate Term Fixed Income
42.09%
Short Term Fixed Income
6.42%
Cash
2.24%

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

Security Description Country Ticker Shares/Par Market Value (USD)
3M CO US MMM 622 $58,038.82
ABBOTT LABORATORIES US ABT 1,169 $119,238.00
ADMIRAL GROUP PLC GB AMIGY 58,373 $1,687,563.43
ADMIRAL GROUP PLC GB ADM LN 14,509 $420,279.75
ADYEN NV NL ADYEN NA 80 $131,027.37
AERCAP IRELAND CAP/GLOBA 3.00000 10/29/2028 IE 1,430,000 $1,239,748.51
AGREE REALTY CORP US ADC 3,831 $247,061.19
AIR LIQUIDE FR AI FP 2,006 $336,110.81
AIR LIQUIDE-ADR FR AIQUY 62,042 $2,079,647.84
AIRBUS SE FR AIR FP 1,611 $211,565.04
ALASKA AIR 2020-1 CL B 8.00000 08/15/2025 US 123,574.1 $125,262.99
ALCON INC CH ALC 26,516 $2,052,073.24
ALIBAB GROUP HOLDINGS 2.12500 02/09/2031 KY 800,000 $657,122.79
ALIBABA GROUP HOLDING 4.00000 12/06/2037 KY 2,860,000 $2,422,455.32
ALPHABET INC-CL A US GOOGL 44,868 $5,512,931.16
AMAZON.COM INC US AMZN 51,421 $6,200,344.18
AMAZON.COM INC 3.30000 04/13/2027 US 2,660,000 $2,565,260.11
AMERICAN HOMES 4 RENT- A US AMH 2,890 $99,069.20
AMERICAN TANKER INC 7.75000 07/02/2025 US 505,000 $485,310.38
AMERICAN TOWER REIT INC US AMT 977 $180,197.88
AMERICOLD REALTY TRUST US COLD 8,327 $243,981.10
ANALOG DEVICES INC US ADI 568 $100,927.92
APARTMENT INCOME REIT CO US AIRC 2,865 $99,386.85
APPLIED MATERIALS INC US AMAT 12,948 $1,725,968.40
ARCHER-DANIELS-MIDLAND CO US ADM 694 $49,031.10
ASHTEAD CAPITAL INC 4.00000 05/01/2028 US 1,220,000 $1,130,428.34
ASTRAZENECA GB AZN 3,727 $272,369.16
ATLASSIAN CORP PLC-CLASS A AU TEAM 720 $130,168.80
AUCKLAND INTL AIRPORT LTD NZ AIA NZ 20,443 $109,264.13
AUTO TRADER GROUP PLC GB AUTO LN 48,836 $383,266.07
AVALONBAY COMMUNITIES INC US AVB 884 $153,798.32
AVANZA BANK HOLDING AB SE AZA SS 6,829 $141,803.29
BABS 2021-RM2 A 1.75000 10/25/2061 US 1,200,522.33 $1,049,825.56
BAE SYSTEMS PLC GB BA/ LN 31,545 $364,582.82
BAE SYSTEMS PLC -SPON ADR GB BAESY 28,679 $1,347,626.21
BANK OF AMERICA CORP US BAC 4,384 $121,831.36
BANK OF AMERICA CORP 2.68700 04/22/2032 US 2,190,000 $1,808,985.90
BARRICK GOLD CORP CA GOLD 56,768 $958,243.84
BAXTER INTERNATIONAL INC US BAX 675 $27,486.00
BEIERSDORF AG DE BEI GR 2,160 $275,636.81
BIOMARIN PHARMACEUTICAL INC US BMRN 23,828 $2,071,606.32
BNSF FUNDING TRUST I 6.61300 12/15/2055 US 1,140,000 $1,095,536.32
BRANDYWINE REALTY TRUST US BDN 9,278 $36,184.20
BRISTOL MYERS SQUIBB CO US BMY 1,777 $114,509.88
BROADCOM INC US AVGO 219 $176,943.24
BROADRIDGE FINANCIAL SOLUTIONS US BR 206 $30,224.32
BROOGE PETROLEUM AND GAS 8.50000 09/24/2025 AE 172,000 $147,775.22
BUNGE LIMITED US BG 269 $24,920.16
C.H. ROBINSON WORLDWIDE INC US CHRW 269 $25,431.26
CAALT 2020-3A A 1.24000 10/15/2029 US 816,601.29 $807,693.25
CAALT 2021-2A A 0.96000 02/15/2030 US 1,260,927.16 $1,232,721.85
CALDERYS FINANCING LLC 11.25000 06/01/2028 US 370,000 $374,828.50
CAMPBELL SOUP CO US CPB 580 $29,319.00
CANADIAN NATIONAL RAILWAY CO CA CNI 15,515 $1,749,005.95
CARETRUST REIT INC US CTRE 7,636 $148,138.40
CATERPILLAR INC US CAT 552 $113,574.00
CBOE GLOBAL MARKETS INC US CBOE 10,623 $1,406,697.66
CBSLT 2019-AGS A1 MTGE 2.54000 01/25/2047 US 604,262.55 $548,637.10
CELLNEX TELECOM SA ES CLNX SM 7,338 $297,375.94
CELLNEX TELECOM SAU-UNSP ADR ES CLLNY 8,678 $175,469.16
CENOVUS ENERGY INC 6.75000 11/15/2039 CA 1,220,000 $1,277,155.74
CHEVRON CORP US CVX 1,087 $163,723.94
CIM 2019-INV1 A1 4.00000 02/25/2049 US 41,807.8 $40,534.09
CISCO SYSTEMS INC US CSCO 3,234 $160,632.78
CITIGROUP INC US C 1,973 $87,443.36
CITIGROUP INC 1.46200 06/09/2027 US 2,100,000 $1,872,028.03
CLARK CNTY NV 1.51000 11/01/2028 US 2,530,000 $2,167,978.68
CLEANAWAY WASTE MANAGEMENT AU CWY AU 130,701 $220,846.84
CMLTI 2021-INV1 2.50000 05/25/2051 US 643,032.48 $518,525.44
COCA COLA CO/THE US KO 39,943 $2,382,999.38
COGNIZANT TECH SOLUTIONS - A US CTSH 543 $33,932.07
COLGATE-PALMOLIVE CO US CL 955 $71,032.90
COLO 2023 - 1A A2 MTGE 5.11600 02/25/2053 US 1,600,000 $1,502,470.37
COMCAST CORP-CL A US CMCSA 3,416 $134,419.60
COMMUNITY HEALTHCARE TRUST I US CHCT 3,724 $122,147.20
CONAGRA BRAND INC. US CAG 854 $29,778.98
CONOCOPHILLIPS US COP 937 $93,044.10
COPART INC US CPRT 19,023 $1,666,224.57
CORNING INC US GLW 926 $28,530.06
COTERRA ENERGY INC US CTRA 1,120 $26,040.00
COUSINS PROPERTIES INC US CUZ 6,599 $131,452.08
CSMC 2013-7 A6 3.50000 08/25/2043 US 133,844.58 $121,132.20
CSMC 2013-IVR2 A2 3.00000 04/25/2043 US 301,147.13 $267,309.83
CSMC 2013-IVR3 A1 2.50000 05/25/2043 US 264,968.41 $227,566.31
CSMC 2013-TH1 A1 2.13000 02/25/2043 US 150,353.41 $127,395.08
CSMC 2014-IVR3 A1 3.50000 07/25/2044 US 58,628.31 $53,159.75
CSX CORP US CSX 50,144 $1,537,916.48
CUMMINS INC US CMI 232 $47,423.12
CVS HEALTH CORP US CVS 908 $61,771.24
DANONE FR BN FP 2,198 $130,097.25
DEUTSCHE BOERSE AG DE DB1 GR 1,844 $318,945.22
DEUTSCHE BOERSE AG ADR DE DBOEY 77,498 $1,336,840.50
DEVON ENERGY CORPORATION US DVN 769 $35,450.90
DIAGEO PLC GB DGE LN 5,684 $236,298.38
DIAMONDBACK ENERGY INC US FANG 238 $30,261.70
DIGITAL REALTY TRUST INC US DLR 771 $78,996.66
DOW INC US DOW 800 $39,024.00
DREYFUS GVT CSH MANAGEMENT US 8,710,717.49 $8,710,717.49
EBAY INC US EBAY 739 $31,437.06
ELECTRONIC ARTS US EA 29,145 $3,730,560.00
EMERSON ELEC CO US EMR 744 $57,793.92
ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 US 2,728,000 $2,721,038.96
EOG RESOURCES INC US EOG 549 $58,902.21
EQUINIX INC US EQIX 1,258 $937,901.90
EQUITY COMMONWEALTH US EQC 6,474 $132,393.30
EQUITY LIFESTYLE PROPERTIES US ELS 4,220 $266,577.40
ESSEX PROPERTY TRUST INC US ESS 366 $79,077.96
EVERGY INC US EVRG 30,225 $1,748,516.25
EXTRA SPACE STORAGE INC US EXR 386 $55,688.22
EXXON MOBIL CORP US XOM 1,742 $177,997.56
FEDERAL NATL MTG ASSN 889576 6.00000 04/01/2038 US 161,696.39 $170,929.25
FEDERAL NATL MTG ASSN 995196 6.00000 07/01/2038 US 344,647.88 $364,270.84
FEDERAL NATL MTG ASSN AD0207 6.00000 10/01/2038 US 59,376.77 $62,767.18
FEDERAL NATL MTG ASSN AD0220 6.00000 10/01/2038 US 19,135.21 $20,224.70
FEDERAL NATL MTG ASSN AD0462 5.50000 10/01/2024 US 1,043.02 $1,035.53
FEDERAL NATL MTG ASSN AL0152 6.00000 06/01/2040 US 331,433.41 $350,358.25
FEDERAL NATL MTG ASSN AL1595 6.00000 01/01/2040 US 230,777.3 $243,954.68
FEDERAL NATL MTG ASSN AL7068 4.50000 09/01/2042 US 98,593.32 $97,883.18
FEDERAL NATL MTG ASSN AL8674 FLT 5.64500 01/01/2049 US 861,316.63 $898,875.63
FEDERAL NATL MTG ASSN AX5234 4.50000 11/01/2044 US 331,931.85 $328,919.84
FEDERAL NATL MTG ASSN BD1381 3.50000 06/01/2046 US 59,797.82 $55,607.66
FEDERAL NATL MTG ASSN BE7845 4.50000 02/01/2047 US 56,341.31 $55,641.08
FEDERAL NATL MTG ASSN BW1194 4.00000 09/01/2052 US 2,072,063.49 $1,956,119.02
FEDERAL NATL MTG ASSN FN FS1179 3.50000 12/01/2049 US 2,174,281.73 $2,021,362.41
FEDERAL NATL MTG ASSN FN MA3412 3.50000 07/01/2038 US 293,820.52 $278,177.34
FEDERAL NATL MTG ASSN FN MA3463 4.00000 09/01/2033 US 352,954.53 $344,260.16
FEDERAL NATL MTG ASSN FN MA4687 4.00000 06/01/2042 US 2,266,129.66 $2,167,155.45
FEDERAL NATL MTG ASSN FR ZS4751 3.50000 01/01/2048 US 120,146.98 $111,698.75
FEDERAL NATL MTG ASSN MA0258 4.50000 12/01/2039 US 297,667.76 $295,523.75
FEDERAL NATL MTG ASSN MA1834 4.50000 02/01/2034 US 240,499.6 $239,008.30
FEDERAL NATL MTG ASSN MA1903 4.50000 05/01/2034 US 168,024.15 $166,982.26
FEDERAL NATL MTG ASSN MA4600 3.50000 05/01/2052 US 2,436,911.27 $2,235,485.18
FEDERAL NATL MTG ASSN MA4644 4.00000 05/01/2052 US 2,384,770.67 $2,251,328.35
FEDERAL NATL MTG ASSN MA5043 5.00000 06/01/2038 US 2,350,000 $2,344,077.06
FEDERAL NATL MTG ASSN SD8044 3.00000 02/01/2050 US 2,300,908.54 $2,055,209.61
FEDERAL NATL MTG ASSN SD8276 5.00000 12/01/2052 US 1,867,888.89 $1,838,377.44
FEDERAL NATL MTG FN MA4203 2.50000 12/01/2040 US 2,076,742.95 $1,832,706.57
FEDEX CORPORATION US FDX 212 $46,211.76
FHLM POOL A92889 4.50000 07/01/2040 US 506,312.52 $502,653.49
FHLM POOL C91762 4.50000 05/01/2034 US 278,979.47 $277,538.85
FHLM POOL C91771 4.50000 06/01/2034 US 4,937.99 $4,912.68
FHLM POOL C91780 4.50000 07/01/2034 US 6,491.76 $6,467.67
FHLM POOL FG 08772 4.50000 07/01/2047 US 59,254.43 $58,394.41
FHLM POOL G03781 6.00000 01/01/2038 US 63,326.53 $67,015.23
FHLM POOL G03926 6.00000 02/01/2038 US 87,742.85 $92,853.77
FHLM POOL G05900 6.00000 03/01/2040 US 49,008.22 $51,862.89
FHLM POOL G05906 6.00000 04/01/2040 US 43,942.57 $46,502.18
FHLM POOL G13331 5.50000 10/01/2023 US 41.66 $41.50
FHLM POOL SD8230 4.50000 06/01/2052 US 2,454,802.74 $2,373,171.86
FHR 5189 CP 2.50000 06/25/2049 US 2,166,621.21 $1,876,797.99
FIFTH THIRD BANCORP US FITB 1,094 $26,551.38
FINECOBANK SPA IT FBK IM 15,407 $205,809.30
FLAGSHIP COMMUNITIES REIT UT US MHC/U CN 7,157 $107,784.42
FLX 2021-1A A2 3.25000 11/27/2051 US 2,100,000 $1,860,600.00
FMC CORP US FMC 29,869 $3,108,765.52
FN DS2696 3.00000 12/01/2051 US 2,636,312.27 $2,354,587.87
FN MA4733 4.50000 09/01/2052 US 2,549,974.36 $2,465,185.42
FN MA4807 MTGE 5.50000 11/01/2052 US 1,207,609.61 $1,206,276.65
FN MA4868 MTGE 5.00000 01/01/2053 US 1,956,446.42 $1,925,539.18
FN MA4934 MTGE 5.00000 02/01/2043 US 2,926,913.64 $2,899,571.06
FNR 2018-31 KP 3.50000 07/25/2047 US 27,758.33 $26,833.95
FNR 2021-69 WJ 1.50000 10/25/2050 US 905,074.21 $760,993.78
FONTAINEBLEAU MIAMI BEACH TRUST 3.14400 12/10/2036 US 1,541,000 $1,462,737.59
GENERAL DYNAMICS CORP US GD 325 $66,358.50
GENERAL MLS INC US GIS 790 $66,486.40
GENUINE PARTS CO US GPC 251 $37,381.43
GETTY REALTY CORP US GTY 5,313 $182,076.51
GILEAD SCIENCES INC US GILD 1,311 $100,868.34
GNR 2017-54 AH MTGE 2.60000 12/16/2056 US 290,097.87 $265,821.03
GOLDEN PEAR FUND HOLDCO 10.00000 03/02/2028 US 230,000 $215,081.24
GOODG 2020-1A MTGE 2.63000 04/15/2055 US 1,010,672.42 $851,226.52
GREENIDGE GEN HLD INC US 10,000 $47,500.00
GSMBS 2021-INV1 A9 5.00000 12/25/2051 US 1,180,269.31 $1,091,977.02
GSMBS 2021-PJ6 A8 2.50000 11/25/2051 US 937,168.72 $808,186.05
GSMBS 2021-PJ9 A8 2.50000 02/26/2052 US 961,296.27 $828,598.24
HALLIBURTON CO US HAL 984 $28,191.60
HARTFORD FINL SVCS US HIG 365 $25,009.80
HAWAII ST 2.68200 10/01/2038 US 1,835,000 $1,393,060.71
HDFC BANK LTD-ADR IN HDB 4,109 $264,619.60
HEALTHCARE REALTY TRUST INC US HR 12,114 $225,441.54
HEINEKEN NV NL HEIA NA 3,023 $305,862.49
HEINEKEN NV-SPN ADR NL HEINY 38,317 $1,936,541.18
HELIOS TOWERS PLC GB HTWS LN 70,026 $78,876.88
HOME DEPOT INC US HD 715 $202,666.75
HONEYWELL INTERNATIONAL INC US HON 641 $122,815.60
HUNTINGTON BANCSHARES US HBAN 1,845 $19,021.95
HWIRE 2021-1 A2 2.31100 11/20/2051 US 1,950,000 $1,731,480.08
IDEXX LABORATORIES INC US IDXX 4,515 $2,098,436.55
IIP OPERATING PARTNER 5.50000 05/25/2026 US 490,000 $419,679.48
IMCD NV NL IMCD NA 690 $104,009.01
IMPRL 2021-NQM3 1.59500 11/25/2056 US 1,081,475.7 $907,545.38
INTERCONTINENTALEXCHANGE INC US ICE 13,568 $1,437,529.60
INTERMEDIATE CAPITAL GROUP GB ICP LN 7,102 $123,268.58
INTERNATIONAL BUSINESS MACH CORP US IBM 614 $78,954.26
INTERNATIONAL FLVRS & FRAGRANCES US IFF 352 $27,206.08
INTUIT INC US INTU 3,657 $1,532,721.84
INTUITIVE SURGICAL INC US ISRG 4,946 $1,522,576.64
INVITATION HOMES INC US INVH 7,067 $239,429.96
ITALY GOV'T INT BOND 2.37500 10/17/2024 IT 380,000 $363,446.54
JM SMUCKER CO/THE-NEW COM WI US SJM 206 $30,197.54
JOHNSON & JOHNSON US JNJ 26,761 $4,149,560.66
JP MORGAN CHASE & CO US JPM 1,667 $226,228.57
JPMMT 2014-2 1A1 3.00000 06/25/2029 US 202,516.79 $191,415.75
JPMMT 2017-2 A3 3.50000 05/25/2047 US 12,643.69 $11,125.44
JPMORGAN CHASE & CO 4.49300 03/24/2031 US 3,140,000 $3,031,032.11
KELLOGG CO US K 393 $26,240.61
KEYENCE CORP JP 6861 JP 400 $193,911.16
KEYWORDS STUDIOS PLC IE KWS LN 2,973 $71,931.22
KIMBERLY CLARK DE MEXICO S.A.B. MX KIMBERA MM 146,700 $299,802.42
KRAFT HEINZ CO/THE US KHC 1,102 $42,118.44
L'OREAL FR OR FP 156 $66,790.82
L3HARRIS TECHNOLOGIES INC US LHX 10,853 $1,909,259.76
LEXINGTON REALTY TRUST US LXP 15,835 $163,733.90
LIFE STORAGE INC US LSI 1,608 $204,843.12
LINDE PLC IE LIN 480 $169,756.80
LOCKHEED MARTIN CORP US LMT 248 $110,114.48
LULULEMON - ADR CA LULU 626 $207,788.18
MARATHON OIL CORP US MRO 833 $18,459.28
MARATHON PETROLEUM CORP US MPC 514 $53,923.74
MASCO CORP US MAS 59,842 $2,891,565.44
MASTERCARD INC-CLASS A US MA 12,067 $4,404,696.34
MEDTRONIC INC IE MDT 40,441 $3,346,897.16
MEITUAN DIANPING - CLASS B CN 3690 HK 60 $842.48
MERCADOLIBRE INC BR MELI 164 $203,196.00
MERCK & CO INC US MRK 1,865 $205,914.65
META PLATFORMS INC US META 17,752 $4,699,309.44
MEX BONOS DESARR FIX RT 7.75000 05/29/2031 MX 1,081,000 $57,422.47
MICROCHIP TECHNOLOGY INC US MCHP 633 $47,639.58
MICRON TECHNOLOGY INC US MU 71,213 $4,856,726.60
MICROSOFT CORP US MSFT 10,425 $3,423,465.75
MID-AMERICA APARTMENT COMM US MAA 1,356 $199,413.36
MONARCH CASINO & RESORT INC US MCRI 1,230 $79,814.70
MONDELEZ INTERNATIONAL INC US MDLZ 44,728 $3,283,482.48
MOODY'S CORPORATION US MCO 8,528 $2,702,352.64
NAVIENT CORP 6.75000 06/25/2025 US 475,000 $462,194.16
NAVSL 2020-FA A 1.22000 07/15/2069 US 534,745.83 $490,126.48
NESTLE S.A. - ADR CH NSRGY 16,950 $2,012,473.50
NESTLE SA-REGISTERED CH NESN SW 2,989 $354,305.01
NETAPP INC US NTAP 414 $27,468.90
NEWCASTLE COAL INFRASTRU 4.40000 09/29/2027 AU 1,280,000 $1,151,517.00
NEWMONT GOLDCORP CORP US NEM 14,546 $589,840.30
NIKE INC CLASS B US NKE 11,799 $1,241,962.74
NORFOLK SOUTHN CORP US NSC 245 $51,004.10
NORTHROP GRUMMAN CORP US NOC 4,922 $2,143,481.78
NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 CA 497,000 $49.70
NOVARTIS AG- REG CH NVS 18,093 $1,741,451.25
NRZT 2014-3A AFX3 3.75000 11/25/2054 US 262,598.81 $240,140.15
NRZT 2015-2A A1 3.75000 08/25/2055 US 304,557.33 $284,440.77
NRZT 2016-4A A1 3.75000 11/25/2056 US 353,019.31 $324,769.22
NSLT 2012-3A A MTGE FLT 5.83800 03/26/2040 US 199,749.64 $195,106.47
OASIS 2022-2A A 6.85000 10/15/2034 US 764,106.75 $758,808.59
OASIS 2023-1A 7.00000 02/15/2035 US 1,042,318.16 $1,034,165.56
ODFJELL DRILLING LTD 9.25000 05/31/2028 BM 400,000 $402,000.00
OMNICOM GROUP US OMC 379 $33,424.01
OXFIN 2019-1A A2 4.45900 02/15/2027 US 14,817.5 $14,700.63
OXFIN 2020-1A A2 3.10100 02/15/2028 US 499,719.19 $494,981.85
OXFIN 2022-1A 3.60200 02/15/2030 US 1,925,000 $1,768,430.90
OXFIN 2023-1A A2 6.71600 02/15/2031 US 2,170,000 $2,153,084.63
PACKAGING CORP OF AMERICA US PKG 176 $21,829.28
PARAMOUNT GLOBAL CLASS B US PARA 1,037 $15,772.77
PEAR 2021-1 A MTGE 2.60000 01/15/2034 US 1,668,164.88 $1,574,878.43
PEAR 2022-1 A1 6.50000 10/15/2034 US 433,512.95 $432,823.92
PEPSICO INC 3.90000 07/18/2032 US 2,360,000 $2,279,285.40
PFIZER INC US PFE 3,512 $133,526.24
PFMT 2021 -INV1 A1 2.50000 08/25/2051 US 1,834,598.71 $1,480,266.52
PFMT 2021-2 A2A 2.00000 04/25/2051 US 1,141,677.25 $970,894.55
PHILLIPS 66 US PSX 407 $37,285.27
PMTLT 2013-J1 a9 3.50000 09/25/2043 US 281,165.59 $254,333.28
POPULAR INC 6.12500 09/14/2023 PR 425,000 $422,875.00
PPG INDUSTRIES INC US PPG 286 $37,548.94
PROLOGIS US PLD 8,791 $1,094,919.05
PUBLIC STORAGE INC US PSA 1,323 $374,805.90
QUALCOMM INC US QCOM 1,042 $118,173.22
QUALCOMM INC 4.25000 05/20/2032 US 2,490,000 $2,422,182.48
QUEST DIAGNOSTICS INC US DGX 221 $29,315.65
RAYTHEON TECHNOLOGIES CORP US RTX 940 $86,611.60
RCKT 2021-6 A1 2.50000 12/25/2051 US 1,220,469.71 $984,800.06
REALTY INCOME CORP US O 3,404 $202,333.76
REGIONS FINANCIAL CORP. US RF 1,654 $28,564.58
RENAISSANCERE HOLDINGS LTD BM RNR 1,043 $196,469.91
RENTOKIL INITIAL PLC GB RTO LN 31,508 $250,632.87
RENTOKIL INITIAL PLC-SP ADR GB RTO 37,218 $1,478,671.14
RESTAURANT BRANDS INTERN CA QSR 2,504 $182,566.64
REXFORD INDUSTRIAL REALITY IN US REXR 4,470 $243,346.80
S&P GLOBAL INC US SPGI 3,085 $1,133,521.55
SALESFORCE INC US CRM 7,579 $1,692,997.02
SBA COMMUNICATIONS CORP US SBAC 1,336 $296,298.08
SBA TOWER TRUST 1.88400 01/15/2026 US 520,000 $469,626.20
SBA TOWER TRUST 6.59900 01/15/2028 US 1,960,000 $2,028,261.31
SCHLUMBERGER LTD NL SLB 1,163 $49,811.29
SCML 2019-SBC8 2.86000 04/25/2041 US 154,383.24 $142,317.50
SEMT 2013-2 1.87400 02/25/2043 US 231,108.31 $201,334.83
SEMT 2013-6 A2 3.00000 05/25/2043 US 453,366.42 $390,430.16
SEMT 2013-7 A2 3.00000 06/25/2043 US 156,260.12 $138,151.08
SEMT 2013-8 A1 3.00000 06/25/2043 US 187,239.81 $166,274.29
SEMT 2017-6 A19 MTGE 3.50000 09/25/2047 US 78,488.42 $70,753.92
SEMT 2020-1 A1 3.50000 02/25/2050 US 75,204.5 $66,395.78
SERVICENOW INC US NOW 6,431 $3,503,480.18
SIMON PROPERTY GROUP LP 2.65000 02/01/2032 US 4,230,000 $3,437,024.87
SKYWORKS SOLUTIONS INC US SWKS 245 $25,359.95
SLMA 2005-7 A4 FLT 5.40514 10/25/2029 US 189,638.71 $188,758.92
SMB 2019-B A2A 2.84000 06/15/2037 US 1,302,516.05 $1,202,575.65
SOFI 2018-B A2FX MTGE 3.34000 08/25/2047 US 244,924.32 $236,833.10
SOFTWAREONE HOLDING AG CH SWON SW 5,575 $85,534.98
SONY CORP FIRST SECTION JP 6758 JP 3,400 $318,853.31
SORT 2020-1 A1 MTGE 1.69000 07/15/2060 US 921,938.3 $832,634.29
SORT 2020-1 A2 1.99000 07/15/2060 US 794,497.79 $667,901.00
SOUTH CAROLINA ST PUBLIC SVC 2.32900 12/01/2028 US 955,000 $827,836.70
SRPT 2014-STAR A FLTG RATE 6.57800 11/15/2027 US 1,910,952.51 $1,394,968.64
STAG INDUSTRIAL INC US STAG 3,130 $108,924.00
SUN COMMUNITIES US SUI 2,594 $328,478.22
SYNCHRONOSS TECH US 13,352 $247,012.00
SYSCO CORP US SYY 495 $34,625.25
TAIWAN SEMICONDUCTOR - SP ADR TW TSM 28,030 $2,763,477.70
TE CONNECTIVITY LIMITED CH TEL 372 $45,562.56
TECHTRONIC INDUSTRIES CO LTD HK 669 HK 16,500 $152,803.58
TENCENT HOLDINGS 3.97500 04/11/2029 KY 5,250,000 $4,947,259.12
TENCENT HOLDINGS LTD CN 700 HK 6,700 $265,148.09
TERRENO REALTY CORP US TRNO 3,715 $227,840.95
TEXAS INSTRUMENTS INC US TXN 661 $114,934.68
THERMO FISHER SCIENTIFIC INC US TMO 2,641 $1,342,842.86
TOKYO ELECTRON LTD JP 8035 JP 1,200 $163,206.69
TPMT 2016-5 A1 2.50000 10/25/2056 US 120,289.33 $118,161.64
TPMT 2017-1 A1 2.75000 10/25/2056 US 84,841.68 $83,425.36
TPMT 2019-HY1 A1 6.13800 10/25/2048 US 283,042.77 $280,521.82
TRAVELLERS COS INC US TRV 319 $53,987.56
TREASURY BILL 0.00000 05/16/2024 US 20,345,000 $19,370,407.56
TREASURY BOND 2.37500 02/15/2042 US 14,900,000 $11,638,296.88
TREASURY NOTE 2.25000 11/15/2027 US 16,260,000 $15,209,451.64
TRUIST FINANCIAL CORP US TFC 1,224 $37,295.28
TYSON FOODS INC -CL A US TSN 509 $25,775.76
U.S. BANCORP US USB 1,648 $49,275.20
UDR INC US UDR 6,068 $240,717.56
UNILEVER PLC - ADR GB UL 74,821 $3,736,560.74
UNION PAC CORP US UNP 8,017 $1,543,432.84
UNITED AIR 2018-1 B PTT 4.60000 03/01/2026 US 70,210.35 $66,081.88
UNITED AIR 2019-2 B PTT 3.50000 05/01/2028 US 389,716.92 $351,506.38
UNITED PARCEL SERVICE US UPS 622 $103,874.00
US CLAIMS LIT FNDG LLC 10.25000 03/17/2028 US 250,000 $239,293.27
US TEASURY NOTE 1.75000 11/15/2029 US 16,985,000 $15,139,208.29
US TREASURY N/B 0.87500 11/15/2030 US 19,180,000 $15,775,550.00
US TREASURY N/B 2.00000 11/15/2026 US 17,225,000 $16,136,326.26
US TREASURY N/B 3.12500 11/15/2028 US 18,270,000 $17,677,652.44
US TREASURY N/B 3.62500 02/15/2053 US 3,910,000 $3,744,435.94
VALERO ENERGY US VLO 325 $34,788.00
VENTAS INC US VTR 2,769 $119,454.66
VERTEX PHARMACEUTICALS INC US VRTX 5,915 $1,913,916.55
VISA INC - CLASS A SHARES US V 16,278 $3,597,926.34
VISTRA OPERATIONS 4.87500 05/13/2024 US 2,065,000 $2,035,418.90
VISTRA OPERATIONS CO LLC 3.55000 07/15/2024 US 600,000 $580,372.29
WARNERMEDIA HOLDINGS INC 4.05400 03/15/2029 US 3,300,000 $3,015,325.53
WELLS FARGO COMPANY US WFC 2,339 $93,115.59
WELLTOWER INC. US WELL 2,716 $202,640.76
WIN 2015-1 A1 3.50000 01/20/2045 US 78,220.25 $71,322.29

Investments will change over time.

Distributions

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

A Word About Risk

All investments involve risks, including possible loss of principal. Because the fund invests in both stocks and bonds, the value of your investment will fluctuate in response to stock market movements and changes in interest rates. Investing in the fund will also involve a number of other risks, including issuer-specific risk, foreign investment risk, and small-cap/mid-cap risk. Investments in options and futures, like all derivatives, can be highly volatile and involve risks in addition to the risks of the underlying instrument on which the derivative is based, such as counterparty, correlation and liquidity risk. Also, the use of leverage increases exposure to the market and may magnify potential losses.

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