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 Term Moderate Term Extended Term Maximum Term
0-5 Years 3-10 Years 15+ Years 7-20 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.

Manning and Napier Risk-Based Funds Graphic

Learn more about our Pro-Blend® Series

Daily Price

$9.00

Daily $ Change

-$0.07

Daily % Change

-0.78%

as of 09/29/2022

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
Fact Sheet
Applications & Forms
N-Port Part F Reports

Performance

As of 08/31/2022

YTD

-12.68%

1 Year

-12.55%

3 Year

3.50%

5 Year

4.01%

10 Year

4.58%

Inception
(09/15/1993)

6.01%

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. 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 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 08/31/2022

TREASURY NOTES 15.15%
TREASURY BONDS 11.74%
GOVERNMENT AGENCY 7.15%
AMAZON.COM INC 1.81%
MICROSOFT CORP 1.47%
JOHNSON & JOHNSON 1.38%
MASTERCARD INC-CLASS A 1.33%
TENCENT HOLDINGS 3.97500 04/11/2029 1.24%
SBA COMMUNICATIONS CORP 1.07%
META PLATFORMS INC 0.98%

This investment list is unaudited and excludes cash.

Asset Allocation

As of 08/31/2022

Bonds 58.91%
Stocks 37.14%
Cash 3.95%

Detailed Asset Class Allocation

As of 08/31/2022

International Equities 9.73%
Small Capitalization 0.69%
Mid Capitalization 2.61%
Large Capitalization 24.11%
Long Term Fixed Income 16.49%
Intermediate Term Fixed Income 36.84%
Short Term Fixed Income 5.58%
Cash 3.95%

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

August Fund Holdings

As of 08/31/2022

Security Description Country Ticker Shares/Par Market Value (USD)
ABBOTT LABORATORIES US ABT 782 $80,272.30
ACTIVISION INC US ATVI 21,760 $1,707,942.40
ADIDAS AG-SPONSORED ADR DE ADDYY 14,733 $1,092,893.94
ADMIRAL GROUP PLC GB AMIGY 58,373 $1,469,832.14
AERCAP IRELAND CAP/GLOBA 3.00000 10/29/2028 IE 1,430,000 $1,225,612.97
ADYEN NV UNSPON ADR NL ADYEY 84,999 $1,318,334.49
AGREE REALTY CORP US ADC 1,464 $110,268.48
AIR LIQUIDE-ADR FR AIQUY 92,038 $2,307,392.66
AIR LEASE CORP 3.62500 04/01/2027 US 1,220,000 $1,131,854.16
ALASKA AIR 2020-1 CL B 8.00000 08/15/2025 US 142,994.5 $143,967.82
ALIBABA GROUP HOLDING 4.00000 12/06/2037 KY 2,860,000 $2,405,189.96
ALIBAB GROUP HOLDINGS 2.12500 02/09/2031 KY 800,000 $666,664.13
ALLSTATE CORPORATION US ALL 329 $39,644.50
ALPHABET INC-CL A US GOOGL 27,320 $2,956,570.40
AMAZON.COM INC US AMZN 57,218 $7,253,525.86
AMAZON.COM INC 3.30000 04/13/2027 US 2,660,000 $2,602,617.58
DIAGEO PLC GB DGE LN 7,151 $310,685.17
BAE SYSTEMS PLC GB BA/ LN 27,986 $252,044.72
AMERICAN HOMES 4 RENT- A US AMH 7,210 $256,387.60
AMERICAN TOWER REIT INC US AMT 780 $198,159.00
ANALOG DEVICES INC US ADI 460 $69,703.80
APPLE HOSPITALITY REIT INC US APLE 16,152 $256,978.32
ARBOR REALTY TRUST INC 8.00000 04/30/2023 US 155,000 $156,537.71
ARCHER-DANIELS-MIDLAND CO US ADM 535 $47,021.15
ASHTEAD CAPITAL INC 4.00000 05/01/2028 US 1,220,000 $1,117,973.27
AUTOMATIC DATA PROCESSING US ADP 317 $77,477.97
AVALONBAY COMMUNITIES INC US AVB 1,238 $248,726.58
BAE SYSTEMS PLC -SPON ADR GB BAESY 42,013 $1,516,669.30
BNSF FUNDING TRUST I 6.61300 12/15/2055 US 1,140,000 $1,122,248.67
BANK OF AMERICA CORP 2.68700 04/22/2032 US 2,190,000 $1,827,803.39
BARRICK GOLD CORP CA GOLD 51,569 $765,799.65
BAXTER INTERNATIONAL INC US BAX 399 $22,926.54
BEST BUY INC US BBY 319 $22,550.11
BIOMARIN PHARMACEUTICAL INC US BMRN 23,525 $2,098,430.00
BLACKROCK INC US BLK 2,300 $1,532,697.00
BLACKSTONE SECURED LEND 2.75000 09/16/2026 US 1,070,000 $946,736.28
DECHRA PHARMACEUTICALS PLC GB DPH LN 5,883 $237,925.68
BRANDYWINE REALTY TRUST US BDN 8,838 $70,969.14
BABS 2021-RM2 A 1.75000 10/25/2061 US 1,270,627.45 $1,128,516.79
BRISTOL MYERS SQUIBB CO US BMY 1,485 $100,103.85
BROADRIDGE FINANCIAL SOLUTIONS US BR 156 $26,702.52
JONAH ENERGY PARENT LLC US 5,224 $297,297.84
SORT 2020-1 A1 MTGE 1.69000 07/15/2060 US 943,516.09 $857,411.00
SORT 2020-1 A2 1.99000 07/15/2060 US 816,156.21 $699,682.39
C.H. ROBINSON WORLDWIDE INC US CHRW 208 $23,743.20
CIM 2019-INV1 A1 4.00000 02/25/2049 US 49,695.79 $49,316.84
CLIF 2021-1A A MTGE 1.64000 02/18/2046 US 1,739,425.02 $1,526,798.89
CSMC 2013-IVR2 A2 3.00000 04/25/2043 US 317,509.56 $296,326.79
CSMC 2013-IVR3 A1 2.50000 05/25/2043 US 277,460.18 $257,733.00
CSMC 2013-7 A6 3.50000 08/25/2043 US 142,971.39 $137,172.11
CSMC 2014-IVR3 A1 3.50000 07/25/2044 US 61,793.38 $59,744.54
COTERRA ENERGY INC US CTRA 801 $24,758.91
CAMDEN PROPERTY TRUST US CPT 1,378 $177,086.78
CAMECO CORP CA CCJ 3,939 $114,821.85
CAMPBELL SOUP CO US CPB 457 $23,023.66
CANADIAN NATIONAL RAILWAY CO CA CNI 21,789 $2,590,929.99
CARETRUST REIT INC US CTRE 9,755 $210,122.70
CATERPILLAR INC US CAT 423 $78,132.33
CELLNEX TELECOM SAU-UNSP ADR ES CLLNY 8,678 $168,613.54
CENOVUS ENERGY INC 6.75000 11/15/2039 CA 2,743,000 $2,995,926.16
CHARTER COMMUNICATIONS INC-A US CHTR 5,085 $2,098,223.55
CHEVRON CORP US CVX 776 $122,654.56
CINCINNATI FINANCIAL CORP US CINF 210 $20,361.60
CISCO SYSTEMS INC US CSCO 2,572 $115,019.84
CITIGROUP INC US C 1,628 $79,462.68
CITIGROUP INC 1.46200 06/09/2027 US 2,100,000 $1,853,594.95
CMLTI 2021-INV1 2.50000 05/25/2051 US 668,937.84 $576,116.32
CLARK CNTY NV 1.51000 11/01/2028 US 2,530,000 $2,166,132.59
COCA COLA CO/THE US KO 46,159 $2,848,471.89
COLGATE-PALMOLIVE CO US CL 761 $59,517.81
COMCAST CORP-CL A US CMCSA 2,857 $103,394.83
CBSLT 2019-AGS A1 MTGE 2.54000 01/25/2047 US 691,164 $645,768.31
COMMUNITY HEALTHCARE TRUST I US CHCT 3,074 $113,399.86
CONAGRA BRAND INC. US CAG 694 $23,859.72
CONOCOPHILLIPS US COP 721 $78,913.45
CONTROLADORA VUELA CIA DE AV MX VLRS 9,785 $86,890.80
COPART INC US CPRT 13,149 $1,573,277.85
COUSINS PROPERTIES INC US CUZ 6,743 $181,049.55
CAALT 2020-1A 2.01000 02/15/2029 US 419,017.9 $418,351.87
CAALT 2020-3A A 1.24000 10/15/2029 US 2,230,000 $2,179,757.68
CAALT 2021-2A A 0.96000 02/15/2030 US 1,800,000 $1,727,711.80
CROWN CASTLE INTL CORP 3.10000 11/15/2029 US 1,640,000 $1,451,869.86
CSMC 2013-TH1 A1 2.13000 02/25/2043 US 156,641.18 $139,529.68
CUMMINS INC US CMI 174 $37,474.38
KIMBERLY CLARK DE MEXICO S.A.B. MX 195,600 $265,537.93
DEVON ENERGY CORPORATION US DVN 530 $37,428.60
DIAMONDBACK ENERGY INC US FANG 171 $22,790.88
DIGITAL REALTY TRUST INC US DLR 2,419 $299,060.97
DOLLAR TREE STORES INC US DLTR 11,257 $1,527,349.76
DOW INC US DOW 540 $27,540.00
DREYFUS GVT CSH MANAGEMENT US 16,466,951.99 $16,466,951.99
DUKE RLTY INVTS INC US DRE 2,894 $170,311.90
EOG RESOURCES INC US EOG 394 $47,792.20
EASTMAN CHEM CO US EMN 199 $18,109.00
EBAY INC US EBAY 497 $21,932.61
ELECTRONIC ARTS US EA 12,644 $1,604,144.28
EMERSON ELEC CO US EMR 579 $47,327.46
ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 US 2,728,000 $2,757,471.65
EQUINIX INC US EQIX 3,587 $2,357,986.19
EQUITY LIFESTYLE PROPERTIES US ELS 5,131 $359,683.10
ESSEX PROPERTY TRUST INC US ESS 759 $201,180.54
EXPEDIA GROUP INC 3.25000 02/15/2030 US 1,290,000 $1,116,289.18
EXTRA SPACE STORAGE INC US EXR 615 $122,218.95
FMC CORP US FMC 35,439 $3,830,247.12
FS ENERGY & POWER FUND 7.50000 08/15/2023 US 430,000 $431,576.05
FREMF 2014-K41 B FLT 3.96402 11/25/2047 US 48,000 $46,665.36
FREMF 2013-K28 X2A 0.10000 06/25/2046 US 129,586,976.07 $30,376.48
META PLATFORMS INC US META 24,110 $3,928,242.30
FHLM POOL G03781 6.00000 01/01/2038 US 75,511.92 $81,637.93
FHLM POOL G03926 6.00000 02/01/2038 US 97,625.84 $105,171.43
FHLM POOL G05900 6.00000 03/01/2040 US 53,330.54 $57,753.20
FHLM POOL G05906 6.00000 04/01/2040 US 48,255.43 $51,833.85
FHLM POOL G13331 5.50000 10/01/2023 US 355.58 $357.63
FHLM POOL G12988 6.00000 01/01/2023 US 68.59 $68.57
FHLM POOL G13078 6.00000 03/01/2023 US 139.79 $139.84
FHLM POOL FG 08772 4.50000 07/01/2047 US 64,728.39 $65,398.19
FHLM POOL C91762 4.50000 05/01/2034 US 327,907.75 $335,844.42
FHLM POOL C91771 4.50000 06/01/2034 US 5,344.82 $5,474.87
FHLM POOL C91780 4.50000 07/01/2034 US 7,889.61 $8,094.89
FHLM POOL A92889 4.50000 07/01/2040 US 583,174.49 $597,096.02
FEDERAL NATL MTG ASSN FR ZS4751 3.50000 01/01/2048 US 130,782.38 $126,450.74
FEDERAL NATL MTG ASSN SD8044 3.00000 02/01/2050 US 2,467,321.16 $2,306,512.59
FHLM POOL SD8230 4.50000 06/01/2052 US 2,573,281.23 $2,564,463.37
FNR 2018-31 KP 3.50000 07/25/2047 US 41,986.49 $41,509.32
FNR 2021-69 WJ 1.50000 10/25/2050 US 949,993.31 $831,599.26
FHMS K030 X1 FLT 0.25907 04/25/2023 US 52,406,147.67 $33,236.50
FHMS K032 X1 FLT 0.17942 05/25/2023 US 34,208,461.72 $17,470.60
FHR 5189 CP 2.50000 06/25/2049 US 2,289,045.45 $2,083,953.75
FEDERAL NATL MTG ASSN AL0152 6.00000 06/01/2040 US 370,490.47 $398,961.27
FEDERAL NATL MTG ASSN AL1595 6.00000 01/01/2040 US 267,502.37 $287,688.96
FEDERAL NATL MTG ASSN AL7068 4.50000 09/01/2042 US 107,205.13 $109,664.91
FEDERAL NATL MTG ASSN AL8674 FLT 5.65900 01/01/2049 US 952,722.33 $1,015,101.53
FEDERAL NATL MTG ASSN AX5234 4.50000 11/01/2044 US 352,693.93 $360,260.65
FEDERAL NATL MTG ASSN BD1381 3.50000 06/01/2046 US 60,964.59 $58,951.58
FEDERAL NATL MTG ASSN BE7845 4.50000 02/01/2047 US 67,680.69 $68,543.86
FEDERAL NATL MTG ASSN FN FS1179 3.50000 12/01/2049 US 2,358,514.28 $2,280,438.49
FN DS2696 3.00000 12/01/2051 US 2,840,000 $2,652,856.69
FEDERAL NATL MTG ASSN 888810 5.50000 11/01/2022 US 17.1 $17.07
FEDERAL NATL MTG ASSN 889576 6.00000 04/01/2038 US 178,591.7 $192,432.76
FEDERAL NATL MTG ASSN 995196 6.00000 07/01/2038 US 381,523.42 $409,571.97
FEDERAL NATL MTG ASSN MA0258 4.50000 12/01/2039 US 318,270.29 $325,572.88
FEDERAL NATL MTG ASSN MA1834 4.50000 02/01/2034 US 274,206.21 $280,494.15
FEDERAL NATL MTG ASSN MA1903 4.50000 05/01/2034 US 215,727.54 $220,674.48
FEDERAL NATL MTG ASSN FN MA3412 3.50000 07/01/2038 US 324,609.9 $315,867.34
FEDERAL NATL MTG ASSN FN MA3463 4.00000 09/01/2033 US 417,430.9 $418,787.40
FEDERAL NATL MTG FN MA4203 2.50000 12/01/2040 US 2,265,438.63 $2,065,141.75
FEDERAL NATL MTG ASSN MA4600 3.50000 05/01/2052 US 2,535,327.21 $2,422,910.07
FEDERAL NATL MTG ASSN MA4644 4.00000 05/01/2052 US 2,505,684.46 $2,451,260.74
FEDERAL NATL MTG ASSN FN MA4687 4.00000 06/01/2042 US 2,441,713.12 $2,411,820.47
FN MA4733 4.50000 09/01/2052 US 2,665,000 $2,653,812.86
FEDERAL NATL MTG ASSN AD0220 6.00000 10/01/2038 US 20,846.93 $22,401.94
FEDERAL NATL MTG ASSN AD0207 6.00000 10/01/2038 US 65,903.24 $70,855.59
FEDERAL NATL MTG ASSN AD0462 5.50000 10/01/2024 US 2,401.17 $2,438.70
FEDEX CORPORATION US FDX 7,282 $1,535,118.42
FIFTH THIRD BANCORP US FITB 885 $30,222.75
FLX 2021-1A A2 3.25000 11/27/2051 US 2,100,000 $1,918,778.19
FONTAINEBLEAU MIAMI BEACH TRUST 3.14400 12/10/2036 US 1,541,000 $1,467,535.58
FORD MOTOR CREDIT 3.08700 01/09/2023 US 230,000 $228,198.35
FREMF 2014-K37 B FLT 4.71584 01/25/2047 US 1,977,000 $1,958,129.85
GSMBS 2021-PJ6 A8 2.50000 11/25/2051 US 984,588.82 $892,901.90
GSMBS 2021-PJ9 A8 2.50000 02/26/2052 US 1,004,300.07 $908,112.94
GSMBS 2021-INV1 A9 3.03319 12/25/2051 US 1,236,753.3 $1,160,651.79
GENERAL DYNAMICS CORP US GD 252 $57,690.36
GENERAL MLS INC US GIS 638 $48,998.40
GENUINE PARTS CO US GPC 197 $30,733.97
GETTY REALTY CORP US GTY 3,979 $119,688.32
GILEAD SCIENCES INC US GILD 1,144 $72,609.68
GOODG 2020-1A MTGE 2.63000 04/15/2055 US 1,158,751.33 $1,039,167.85
GNR 2017-54 AH MTGE 2.60000 12/16/2056 US 405,430.1 $384,753.83
GRAPHIC PACKAGING HOLDING CO US GPK 69,730 $1,552,887.10
GREENIDGE GEN HLD INC US 10,000 $140,100.00
GRUPO AEROPORTUARIO PAC-ADR MX PAC 327 $46,620.39
GRUPO AEROPORTUARIO DEL SURESTE MX ASR 229 $48,426.63
AIRBUS SE FR AIR FP 1,476 $144,637.89
ADIDAS AG DE ADS GR 1,858 $275,510.06
HCA INC 4.12500 06/15/2029 US 1,910,000 $1,774,449.55
HDFC BANK LTD-ADR IN HDB 3,167 $193,345.35
L'OREAL FR OR FP 191 $65,597.82
HARROW HEALTH US 8,355 $207,872.40
HAWAII ST 2.68200 10/01/2038 US 1,835,000 $1,442,406.15
HEALTHCARE REALTY TRUST INC US HR 9,745 $236,998.40
HEINEKEN NV-SPN ADR NL HEINY 34,865 $1,566,135.80
HOME DEPOT INC US HD 558 $160,938.36
HONEYWELL INTERNATIONAL INC US HON 498 $94,296.30
HWIRE 2021-1 A2 2.31100 11/20/2051 US 1,950,000 $1,725,515.81
IIP OPERATING PARTNER 5.50000 05/25/2026 US 490,000 $436,460.93
IDEXX LABORATORIES INC US IDXX 3,260 $1,133,241.20
KERRY GROUP PLC-A IE KYGA ID 1,141 $117,661.89
ILLINOIS TOOL WKS INC US ITW 291 $56,695.53
IMPRL 2021-NQM3 1.59500 11/25/2056 US 1,143,866.6 $976,262.87
INDEPENDENCE REALTY TRUST IN US IRT 4,318 $83,985.10
INTEL CORP US INTC 2,700 $86,184.00
INTERCONTINENTALEXCHANGE INC US ICE 28,222 $2,846,188.70
INTERNATIONAL FLVRS & FRAGRANCES US IFF 289 $31,928.72
INTUITIVE SURGICAL INC US ISRG 7,302 $1,502,313.48
INVITATION HOMES INC US INVH 9,130 $331,236.40
ITALY GOV'T INT BOND 2.37500 10/17/2024 IT 380,000 $361,493.99
JP MORGAN CHASE & CO US JPM 1,553 $176,622.69
JPMMT 2014-2 1A1 3.00000 06/25/2029 US 269,888.92 $257,606.53
JPMORGAN CHASE & CO 4.49300 03/24/2031 US 3,140,000 $3,054,304.16
JPMMT 2017-2 A3 3.50000 05/25/2047 US 13,481.34 $12,822.86
JOHNSON & JOHNSON US JNJ 34,245 $5,525,088.30
KEYCORP US KEY 985 $17,424.65
KROGER CO US KR 788 $37,776.72
L3HARRIS TECHNOLOGIES INC US LHX 6,987 $1,594,363.53
BEIERSDORF AG DE BEI GR 2,817 $284,348.05
LENNAR CORP US LEN 275 $21,298.75
LIFE STORAGE INC US LSI 1,754 $223,196.50
LOCKHEED MARTIN CORP US LMT 200 $84,022.00
LULULEMON - ADR CA LULU 6,462 $1,938,341.52
MAGALLANES INC 4.05400 03/15/2029 US 3,300,000 $3,003,586.25
MARATHON PETROLEUM CORP US MPC 398 $40,098.50
MARRIOTT VACATIONS WORLD US VAC 832 $118,493.44
MASTERCARD INC-CLASS A US MA 16,436 $5,331,345.32
MCDONALDS CORP US MCD 347 $87,541.16
MERCADOLIBRE INC BR MELI 333 $284,834.88
MERCK & CO INC US MRK 1,619 $138,197.84
MICROSOFT CORP US MSFT 22,569 $5,901,116.43
MICROCHIP TECHNOLOGY INC US MCHP 462 $30,145.50
MID-AMERICA APARTMENT COMM US MAA 1,456 $241,215.52
MONDELEZ INTERNATIONAL INC US MDLZ 58,769 $3,635,450.34
MOODY'S CORPORATION US MCO 10,208 $2,904,380.16
MOTOROLA SOLUTIONS INC US MSI 182 $44,300.62
NAVIENT CORP 6.75000 06/25/2025 US 475,000 $458,572.29
NAVSL 2020-FA A 1.22000 07/15/2069 US 632,224.74 $583,561.85
NSLT 2012-3A A MTGE FLT 3.14371 02/25/2045 US 260,165.94 $255,487.04
NESTLE S.A. - ADR CH NSRGY 19,785 $2,316,032.10
NETAPP INC US NTAP 325 $23,442.25
NRZT 2014-3A AFX3 3.75000 11/25/2054 US 297,599.32 $284,650.24
NRZT 2015-2A A1 3.75000 08/25/2055 US 343,305.3 $327,215.75
NRZT 2016-4A A1 3.75000 11/25/2056 US 391,820.08 $374,053.66
KEYENCE CORP JP 6861 JP 600 $225,284.44
NEW YORK CITY NY TRANSITIONALFIN 1.58000 05/01/2024 US 685,000 $662,293.75
NEWCASTLE COAL INFRASTRU 4.40000 09/29/2027 AU 1,280,000 $1,110,731.40
NEWMONT GOLDCORP CORP US NEM 15,413 $637,481.68
NIKE INC CLASS B US NKE 13,624 $1,450,274.80
NORFOLK SOUTHN CORP US NSC 6,874 $1,671,275.62
NIKON CORP JP 7731 JP 10,700 $122,142.89
NORTHROP GRUMMAN CORP US NOC 3,772 $1,802,978.28
NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 CA 497,000 $49.70
NOVARTIS AG- REG CH NVS 44,752 $3,603,431.04
NUCOR CORP US NUE 291 $38,685.54
OMNICOM GROUP US OMC 319 $21,341.10
SONY CORP FIRST SECTION JP 6758 JP 2,300 $182,857.61
OWL ROCK TECHNOLOGY 3.75000 06/17/2026 US 1,290,000 $1,154,220.47
OXFIN 2020-1A A2 3.10100 02/15/2028 US 847,712.34 $839,379.24
OXFIN 2019-1A A2 4.45900 02/15/2027 US 28,031.93 $27,883.73
OXFIN 2022-1A 3.60200 02/15/2030 US 1,925,000 $1,806,780.55
PMTLT 2013-J1 a9 3.50000 09/25/2043 US 295,719.8 $283,928.45
PPG INDUSTRIES INC US PPG 196 $24,888.08
PACKAGING CORP OF AMERICA US PKG 144 $19,716.48
PARKER HANNIFIN CORP US PH 108 $28,620.00
DEUTSCHE BOERSE AG DE DB1 GR 1,510 $255,302.51
PAYPAL HOLDINGS INC US PYPL 31,657 $2,958,030.08
PEAR 2021-1 A MTGE 2.60000 01/15/2034 US 2,186,817.36 $2,076,531.57
NESTLE SA-REGISTERED CH NESN SW 3,897 $456,038.53
PEPSICO INC 3.90000 07/18/2032 US 2,360,000 $2,318,346.83
PFIZER INC US PFE 2,295 $103,802.85
PIONEER NATURAL RESOURCES CO US PXD 172 $43,553.84
POPULAR INC 6.12500 09/14/2023 PR 425,000 $430,442.64
PROCTER & GAMBLE CO US PG 1,239 $170,907.66
PROLOGIS US PLD 7,779 $968,563.29
PFMT 2021 -INV1 A1 2.50000 08/25/2051 US 1,898,933.12 $1,623,379.85
PFMT 2021-2 A2A 2.00000 04/25/2051 US 1,197,563.35 $1,046,461.56
PUBLIC STORAGE INC US PSA 1,349 $446,289.67
QUALCOMM INC US QCOM 804 $106,345.08
QUALCOMM INC 4.25000 05/20/2032 US 2,490,000 $2,519,581.85
QUEST DIAGNOSTICS INC US DGX 184 $23,057.04
RCKT 2021-6 A1 2.50000 12/25/2051 US 1,272,183.71 $1,085,025.44
RADIUS GLOBAL INFRASTRUCTURE US RADI 27,751 $382,131.27
REGIONS FINANCIAL CORP. US RF 1,296 $28,084.32
REPUBLIC SERVICES INC US RSG 327 $46,669.44
RESTAURANT BRANDS INTERN CA QSR 2,711 $159,949.00
REXFORD INDUSTRIAL REALITY IN US REXR 4,804 $298,856.84
GETINGE AB-B SHS SE GETIB SS 11,089 $205,385.48
ROSS STORES INC US ROST 288 $24,845.76
HEINEKEN NV NL HEIA NA 2,779 $249,773.92
RYANAIR HOLDINGS - ADR IE RYAAY 19,324 $1,405,048.04
SBA TOWER TRUST 1.88400 01/15/2026 US 520,000 $468,584.01
S&P GLOBAL INC US SPGI 3,085 $1,086,475.30
SBA COMMUNICATIONS CORP US SBAC 13,209 $4,296,227.25
NAVIENT CORP 5.50000 01/25/2023 US 230,000 $228,924.26
SLMA 2005-7 A4 FLT 2.93300 10/25/2029 US 557,646.41 $550,751.79
SMB 2020-A A2A MTGE 2.23000 09/15/2037 US 1,406,666.2 $1,304,068.82
SALESFORCE INC US CRM 17,295 $2,700,095.40
SEA LTD - ADR SG SE 3,500 $217,000.00
SEAGEN INC US SGEN 8,779 $1,354,511.91
SEMT 2013-6 A2 3.00000 05/25/2043 US 491,735.95 $459,694.72
SEMT 2013-7 A2 3.00000 06/25/2043 US 173,785.15 $155,827.79
SEMT 2013-8 A1 3.00000 06/25/2043 US 203,730.92 $190,920.41
SEMT 2013-2 1.87400 02/25/2043 US 250,902.86 $222,059.09
SEMT 2017-6 A19 MTGE 3.50000 09/25/2047 US 83,204.17 $79,575.87
SEMT 2020-1 A1 3.50000 02/25/2050 US 82,205.86 $78,595.55
SERVICENOW INC US NOW 6,431 $2,795,041.22
SHOPIFY INC CA SHOP 2,880 $91,152.00
SIMON PROPERTY GROUP LP 2.65000 02/01/2032 US 4,230,000 $3,541,692.92
SKYWORKS SOLUTIONS INC US SWKS 169 $16,654.95
SMB 2019-B A2A 2.84000 06/15/2037 US 1,592,567.35 $1,504,343.47
JM SMUCKER CO/THE-NEW COM WI US SJM 163 $22,818.37
SNOWFLAKE INC-CLASS A US SNOW 8,012 $1,449,771.40
SOFI 2017-F A2FX 2.84000 01/25/2041 US 91,540.24 $89,727.93
SOFI 2018-B A2FX MTGE 3.34000 08/25/2047 US 348,625.54 $341,695.67
SOFI 2020-A A2FX MTGE 2.54000 05/15/2046 US 842,356.75 $801,708.22
SONY CORP SPONSORED ADR JP SONY 17,289 $1,371,882.15
SOUTH CAROLINA ST PUBLIC SVC 2.32900 12/01/2028 US 955,000 $857,638.27
SOUTHWEST AIRLINES CO 5.25000 05/04/2025 US 2,237,000 $2,296,317.23
ONEMAIN FINANCE CORP 5.62500 03/15/2023 US 220,000 $218,901.52
STANLEY BLACK & DECKER INC US SWK 160 $14,096.00
SRPT 2014-STAR A FLTG RATE 3.86200 11/15/2027 US 1,910,952.51 $1,338,985.64
STEEL DYNAMICS INC US STLD 287 $23,166.64
SUN COMMUNITIES US SUI 2,337 $359,220.27
SCML 2019-SBC8 2.86000 04/25/2041 US 174,216.6 $161,080.15
SYNCHRONOSS TECH US 20,600 $447,432.00
SYNERGY ONE LENDING 5.50000 10/14/2026 US 525,000 $453,322.32
TJX COMPANIES INC US TJX 756 $47,136.60
TAIWAN SEMICONDUCTOR - SP ADR TW TSM 3,537 $294,808.95
TARGET CORP US TGT 278 $44,574.52
TENCENT HOLDINGS 3.97500 04/11/2029 KY 5,250,000 $4,948,084.26
TERRENO REALTY CORP US TRNO 3,079 $187,788.21
TEXAS INSTRUMENTS INC US TXN 471 $77,813.91
THERMO FISHER SCIENTIFIC INC US TMO 3,276 $1,786,468.32
3M CO US MMM 492 $61,180.20
TPMT 2016-5 A1 2.50000 10/25/2056 US 224,887.29 $222,635.47
TPMT 2017-1 A1 2.75000 10/25/2056 US 173,202.02 $171,715.43
TPMT 2019-HY1 A1 3.44371 10/25/2048 US 345,040.83 $341,165.12
TRACTOR SUPPLY COMPANY US TSCO 116 $21,477.40
TRAVELLERS COS INC US TRV 249 $40,248.36
TAH 2017-SFR2 A 2.92800 01/17/2036 US 1,424,655.51 $1,401,354.39
TYSON FOODS INC -CL A US TSN 401 $30,227.38
UDR INC US UDR 7,447 $334,146.89
U.S. BANCORP US USB 1,303 $59,429.83
UNILEVER PLC - ADR GB UL 83,814 $3,804,317.46
UNION PAC CORP US UNP 437 $98,110.87
UNITED AIR 2019-2 B PTT 3.50000 05/01/2028 US 461,354.92 $388,656.89
UNITED AIR 2018-1 B PTT 4.60000 03/01/2026 US 81,653.05 $76,118.87
UNITED MEXICAN STATES 4.12500 01/21/2026 MX 200,000 $200,176.65
UNITED PARCEL SERVICE US UPS 8,301 $1,614,627.51
TREASURY BOND 2.37500 02/15/2042 US 27,500,000 $22,893,750.00
TREASURY BOND 2.25000 11/15/2027 US 25,425,000 $24,129,914.06
US TREASURY N/B 2.25000 11/15/2025 US 22,485,000 $21,654,109.10
US TREASURY N/B 2.00000 11/15/2026 US 22,945,000 $21,693,780.47
UNITED STATES TREAS NTS 1.75000 05/15/2023 US 13,245,000 $13,097,028.58
US TREASURY N/B 1.37500 11/15/2031 US 4,910,000 $4,218,764.06
VF CORP US VFC 391 $16,206.95
VENTAS INC US VTR 2,816 $134,773.76
VERTEX PHARMACEUTICALS INC US VRTX 6,984 $1,967,811.84
PARAMOUNT GLOBAL CLASS B US PARA 642 $15,016.38
VISA INC - CLASS A SHARES US V 18,833 $3,742,305.43
VISTRA OPERATIONS CO LLC 3.55000 07/15/2024 US 600,000 $578,605.06
VISTRA OPERATIONS 4.87500 05/13/2024 US 2,065,000 $2,041,398.78
WAL MART STORES US WMT 1,435 $190,209.25
WALGREENS BOOTS ALLIANCE INC US WBA 739 $25,909.34
WASTE MANAGEMENT INC US WM 370 $62,541.10
WELLTOWER INC. US WELL 3,253 $249,342.45
WIN 2015-1 A1 3.50000 01/20/2045 US 87,224.51 $84,004.91
ZOETIS INC US ZTS 3,957 $619,389.21
ADMIRAL GROUP PLC GB ADM LN 13,914 $342,267.62
GRUPO AEROPORTUARIO DEL CENT MX OMAB MM 6,900 $45,157.47
UBISOFT ENTERTAINMENT FR UBI FP 4,494 $207,241.07
DANONE FR BN FP 2,198 $115,659.46
AIR LIQUIDE FR AI FP 3,256 $408,018.56
BRENNTAG AG DE BNR GR 2,813 $184,441.37
MEX BONOS DESARR FIX RT 7.75000 05/29/2031 MX 1,081,000 $49,547.30
KEYWORDS STUDIOS PLC IE KWS LN 2,309 $66,546.95
S4 CAPITAL PLC GB SFOR LN 108,255 $166,384.54
HELIOS TOWERS PLC GB HTWS LN 70,026 $100,352.13
AVANZA BANK HOLDING AB SE AZA SS 10,437 $167,295.00
AMERICAN TANKER INC 7.75000 07/02/2025 US 505,000 $488,222.72
SOFTWAREONE HOLDING AG CH SWON SW 14,053 $184,756.38
FLAGSHIP COMMUNITIES REIT UT US MHC/U CN 8,256 $130,857.60
SEASPAN CORP 6.50000 02/05/2024 MH 500,000 $496,233.68
PETROTAL CORP 12.00000 02/16/2024 CA 400,000 $408,000.00
FINECOBANK SPA IT FBK IM 32,010 $346,101.60
ALLFUNDS GROUP PLC GB ALLFG NA 17,708 $139,034.28
AIRSWIFT GLOBAL AS FLT 11.42271 05/12/2025 NO 500,000 $501,386.16
ROTORK PLC GB ROR LN 61,034 $175,094.81
AUTO TRADER GROUP PLC GB AUTO LN 45,845 $346,161.00
CELLNEX TELECOM SA ES CLNX SM 5,152 $200,632.95
ASSA ABLOY AB-B SE ASSAB SS 10,096 $204,484.11
CLEANAWAY WASTE MANAGEMENT AU CWY AU 130,701 $248,241.14
INTERMEDIATE CAPITAL GROUP GB ICP LN 12,452 $196,838.24
ADYEN NV NL ADYEN NA 193 $297,827.00
BANK OF N.T. BUTTERFIELD&SON BM NTB 3,887 $126,793.94
BUNGE LIMITED US BG 203 $20,131.51
EATON CORP PLC US ETN 385 $52,606.40
JOHNSON CONTROLS INTERNATIONAL US JCI 726 $39,305.64
MEDTRONIC INC IE MDT 19,886 $1,748,377.12
ROYALTY PHARMA PLC- CL A US RPRX 574 $23,998.94
STONECO LTD-A BR STNE 14,941 $141,640.68
TRANE TECHNOLOGIES IE TT 193 $29,735.51
ALCON INC CH ALC 27,869 $1,830,435.92
CHUBB LTD CH CB 350 $66,167.50
GARMIN LTD CH GRMN 253 $22,387.97
TE CONNECTIVITY LIMITED CH TEL 260 $32,814.60
LYONDELLBASELL INDU-CL A US LYB 275 $22,825.00
PLAYA HOTELS AND RESORTS US PLYA 8,374 $54,933.44
BROOGE PETROLEUM AND GAS 8.50000 09/24/2025 AE 186,000 $178,866.62

Investments will change over time.

Distributions

  • Pro-Blend® Moderate Term Series Class R Distribution History
  • 2022 Distribution Calendar
  • Fourth Quarter 2021 Distributions
  • Third Quarter 2022 Distributions
  • Second Quarter 2022 Distributions
  • First Quarter 2022 Distributions
  • Tax Letter
  • Target 2020 Merger into Pro Blend Moderate
  • Target 2025 Merger into Pro Blend Moderate

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

$9.00

Daily $ Change

-$0.07

Daily % Change

-0.78%

as of 09/29/2022

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
Fact Sheet
Applications & Forms
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 Term Moderate Term Extended Term Maximum Term
0-5 Years 3-10 Years 15+ Years 7-20 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.

Manning and Napier Risk-Based Funds Graphic

Learn more about our Pro-Blend® Series

Performance

As of 08/31/2022

YTD

-12.68%

1 Year

-12.55%

3 Year

3.50%

5 Year

4.01%

10 Year

4.58%

Inception
(09/15/1993)

6.01%

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. 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 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 08/31/2022

TREASURY NOTES 15.15%
TREASURY BONDS 11.74%
GOVERNMENT AGENCY 7.15%
AMAZON.COM INC 1.81%
MICROSOFT CORP 1.47%
JOHNSON & JOHNSON 1.38%
MASTERCARD INC-CLASS A 1.33%
TENCENT HOLDINGS 3.97500 04/11/2029 1.24%
SBA COMMUNICATIONS CORP 1.07%
META PLATFORMS INC 0.98%

This investment list is unaudited and excludes cash.

Asset Allocation

As of 08/31/2022

Bonds
58.91%
Stocks
37.14%
Cash
3.95%

Detailed Asset Class Allocation

As of 08/31/2022

International Equities
9.73%
Small Capitalization
0.69%
Mid Capitalization
2.61%
Large Capitalization
24.11%
Long Term Fixed Income
16.49%
Intermediate Term Fixed Income
36.84%
Short Term Fixed Income
5.58%
Cash
3.95%

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

August Fund Holdings

As of 08/31/2022

Security Description Country Ticker Shares/Par Market Value (USD)
ABBOTT LABORATORIES US ABT 782 $80,272.30
ACTIVISION INC US ATVI 21,760 $1,707,942.40
ADIDAS AG-SPONSORED ADR DE ADDYY 14,733 $1,092,893.94
ADMIRAL GROUP PLC GB AMIGY 58,373 $1,469,832.14
AERCAP IRELAND CAP/GLOBA 3.00000 10/29/2028 IE 1,430,000 $1,225,612.97
ADYEN NV UNSPON ADR NL ADYEY 84,999 $1,318,334.49
AGREE REALTY CORP US ADC 1,464 $110,268.48
AIR LIQUIDE-ADR FR AIQUY 92,038 $2,307,392.66
AIR LEASE CORP 3.62500 04/01/2027 US 1,220,000 $1,131,854.16
ALASKA AIR 2020-1 CL B 8.00000 08/15/2025 US 142,994.5 $143,967.82
ALIBABA GROUP HOLDING 4.00000 12/06/2037 KY 2,860,000 $2,405,189.96
ALIBAB GROUP HOLDINGS 2.12500 02/09/2031 KY 800,000 $666,664.13
ALLSTATE CORPORATION US ALL 329 $39,644.50
ALPHABET INC-CL A US GOOGL 27,320 $2,956,570.40
AMAZON.COM INC US AMZN 57,218 $7,253,525.86
AMAZON.COM INC 3.30000 04/13/2027 US 2,660,000 $2,602,617.58
DIAGEO PLC GB DGE LN 7,151 $310,685.17
BAE SYSTEMS PLC GB BA/ LN 27,986 $252,044.72
AMERICAN HOMES 4 RENT- A US AMH 7,210 $256,387.60
AMERICAN TOWER REIT INC US AMT 780 $198,159.00
ANALOG DEVICES INC US ADI 460 $69,703.80
APPLE HOSPITALITY REIT INC US APLE 16,152 $256,978.32
ARBOR REALTY TRUST INC 8.00000 04/30/2023 US 155,000 $156,537.71
ARCHER-DANIELS-MIDLAND CO US ADM 535 $47,021.15
ASHTEAD CAPITAL INC 4.00000 05/01/2028 US 1,220,000 $1,117,973.27
AUTOMATIC DATA PROCESSING US ADP 317 $77,477.97
AVALONBAY COMMUNITIES INC US AVB 1,238 $248,726.58
BAE SYSTEMS PLC -SPON ADR GB BAESY 42,013 $1,516,669.30
BNSF FUNDING TRUST I 6.61300 12/15/2055 US 1,140,000 $1,122,248.67
BANK OF AMERICA CORP 2.68700 04/22/2032 US 2,190,000 $1,827,803.39
BARRICK GOLD CORP CA GOLD 51,569 $765,799.65
BAXTER INTERNATIONAL INC US BAX 399 $22,926.54
BEST BUY INC US BBY 319 $22,550.11
BIOMARIN PHARMACEUTICAL INC US BMRN 23,525 $2,098,430.00
BLACKROCK INC US BLK 2,300 $1,532,697.00
BLACKSTONE SECURED LEND 2.75000 09/16/2026 US 1,070,000 $946,736.28
DECHRA PHARMACEUTICALS PLC GB DPH LN 5,883 $237,925.68
BRANDYWINE REALTY TRUST US BDN 8,838 $70,969.14
BABS 2021-RM2 A 1.75000 10/25/2061 US 1,270,627.45 $1,128,516.79
BRISTOL MYERS SQUIBB CO US BMY 1,485 $100,103.85
BROADRIDGE FINANCIAL SOLUTIONS US BR 156 $26,702.52
JONAH ENERGY PARENT LLC US 5,224 $297,297.84
SORT 2020-1 A1 MTGE 1.69000 07/15/2060 US 943,516.09 $857,411.00
SORT 2020-1 A2 1.99000 07/15/2060 US 816,156.21 $699,682.39
C.H. ROBINSON WORLDWIDE INC US CHRW 208 $23,743.20
CIM 2019-INV1 A1 4.00000 02/25/2049 US 49,695.79 $49,316.84
CLIF 2021-1A A MTGE 1.64000 02/18/2046 US 1,739,425.02 $1,526,798.89
CSMC 2013-IVR2 A2 3.00000 04/25/2043 US 317,509.56 $296,326.79
CSMC 2013-IVR3 A1 2.50000 05/25/2043 US 277,460.18 $257,733.00
CSMC 2013-7 A6 3.50000 08/25/2043 US 142,971.39 $137,172.11
CSMC 2014-IVR3 A1 3.50000 07/25/2044 US 61,793.38 $59,744.54
COTERRA ENERGY INC US CTRA 801 $24,758.91
CAMDEN PROPERTY TRUST US CPT 1,378 $177,086.78
CAMECO CORP CA CCJ 3,939 $114,821.85
CAMPBELL SOUP CO US CPB 457 $23,023.66
CANADIAN NATIONAL RAILWAY CO CA CNI 21,789 $2,590,929.99
CARETRUST REIT INC US CTRE 9,755 $210,122.70
CATERPILLAR INC US CAT 423 $78,132.33
CELLNEX TELECOM SAU-UNSP ADR ES CLLNY 8,678 $168,613.54
CENOVUS ENERGY INC 6.75000 11/15/2039 CA 2,743,000 $2,995,926.16
CHARTER COMMUNICATIONS INC-A US CHTR 5,085 $2,098,223.55
CHEVRON CORP US CVX 776 $122,654.56
CINCINNATI FINANCIAL CORP US CINF 210 $20,361.60
CISCO SYSTEMS INC US CSCO 2,572 $115,019.84
CITIGROUP INC US C 1,628 $79,462.68
CITIGROUP INC 1.46200 06/09/2027 US 2,100,000 $1,853,594.95
CMLTI 2021-INV1 2.50000 05/25/2051 US 668,937.84 $576,116.32
CLARK CNTY NV 1.51000 11/01/2028 US 2,530,000 $2,166,132.59
COCA COLA CO/THE US KO 46,159 $2,848,471.89
COLGATE-PALMOLIVE CO US CL 761 $59,517.81
COMCAST CORP-CL A US CMCSA 2,857 $103,394.83
CBSLT 2019-AGS A1 MTGE 2.54000 01/25/2047 US 691,164 $645,768.31
COMMUNITY HEALTHCARE TRUST I US CHCT 3,074 $113,399.86
CONAGRA BRAND INC. US CAG 694 $23,859.72
CONOCOPHILLIPS US COP 721 $78,913.45
CONTROLADORA VUELA CIA DE AV MX VLRS 9,785 $86,890.80
COPART INC US CPRT 13,149 $1,573,277.85
COUSINS PROPERTIES INC US CUZ 6,743 $181,049.55
CAALT 2020-1A 2.01000 02/15/2029 US 419,017.9 $418,351.87
CAALT 2020-3A A 1.24000 10/15/2029 US 2,230,000 $2,179,757.68
CAALT 2021-2A A 0.96000 02/15/2030 US 1,800,000 $1,727,711.80
CROWN CASTLE INTL CORP 3.10000 11/15/2029 US 1,640,000 $1,451,869.86
CSMC 2013-TH1 A1 2.13000 02/25/2043 US 156,641.18 $139,529.68
CUMMINS INC US CMI 174 $37,474.38
KIMBERLY CLARK DE MEXICO S.A.B. MX 195,600 $265,537.93
DEVON ENERGY CORPORATION US DVN 530 $37,428.60
DIAMONDBACK ENERGY INC US FANG 171 $22,790.88
DIGITAL REALTY TRUST INC US DLR 2,419 $299,060.97
DOLLAR TREE STORES INC US DLTR 11,257 $1,527,349.76
DOW INC US DOW 540 $27,540.00
DREYFUS GVT CSH MANAGEMENT US 16,466,951.99 $16,466,951.99
DUKE RLTY INVTS INC US DRE 2,894 $170,311.90
EOG RESOURCES INC US EOG 394 $47,792.20
EASTMAN CHEM CO US EMN 199 $18,109.00
EBAY INC US EBAY 497 $21,932.61
ELECTRONIC ARTS US EA 12,644 $1,604,144.28
EMERSON ELEC CO US EMR 579 $47,327.46
ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 US 2,728,000 $2,757,471.65
EQUINIX INC US EQIX 3,587 $2,357,986.19
EQUITY LIFESTYLE PROPERTIES US ELS 5,131 $359,683.10
ESSEX PROPERTY TRUST INC US ESS 759 $201,180.54
EXPEDIA GROUP INC 3.25000 02/15/2030 US 1,290,000 $1,116,289.18
EXTRA SPACE STORAGE INC US EXR 615 $122,218.95
FMC CORP US FMC 35,439 $3,830,247.12
FS ENERGY & POWER FUND 7.50000 08/15/2023 US 430,000 $431,576.05
FREMF 2014-K41 B FLT 3.96402 11/25/2047 US 48,000 $46,665.36
FREMF 2013-K28 X2A 0.10000 06/25/2046 US 129,586,976.07 $30,376.48
META PLATFORMS INC US META 24,110 $3,928,242.30
FHLM POOL G03781 6.00000 01/01/2038 US 75,511.92 $81,637.93
FHLM POOL G03926 6.00000 02/01/2038 US 97,625.84 $105,171.43
FHLM POOL G05900 6.00000 03/01/2040 US 53,330.54 $57,753.20
FHLM POOL G05906 6.00000 04/01/2040 US 48,255.43 $51,833.85
FHLM POOL G13331 5.50000 10/01/2023 US 355.58 $357.63
FHLM POOL G12988 6.00000 01/01/2023 US 68.59 $68.57
FHLM POOL G13078 6.00000 03/01/2023 US 139.79 $139.84
FHLM POOL FG 08772 4.50000 07/01/2047 US 64,728.39 $65,398.19
FHLM POOL C91762 4.50000 05/01/2034 US 327,907.75 $335,844.42
FHLM POOL C91771 4.50000 06/01/2034 US 5,344.82 $5,474.87
FHLM POOL C91780 4.50000 07/01/2034 US 7,889.61 $8,094.89
FHLM POOL A92889 4.50000 07/01/2040 US 583,174.49 $597,096.02
FEDERAL NATL MTG ASSN FR ZS4751 3.50000 01/01/2048 US 130,782.38 $126,450.74
FEDERAL NATL MTG ASSN SD8044 3.00000 02/01/2050 US 2,467,321.16 $2,306,512.59
FHLM POOL SD8230 4.50000 06/01/2052 US 2,573,281.23 $2,564,463.37
FNR 2018-31 KP 3.50000 07/25/2047 US 41,986.49 $41,509.32
FNR 2021-69 WJ 1.50000 10/25/2050 US 949,993.31 $831,599.26
FHMS K030 X1 FLT 0.25907 04/25/2023 US 52,406,147.67 $33,236.50
FHMS K032 X1 FLT 0.17942 05/25/2023 US 34,208,461.72 $17,470.60
FHR 5189 CP 2.50000 06/25/2049 US 2,289,045.45 $2,083,953.75
FEDERAL NATL MTG ASSN AL0152 6.00000 06/01/2040 US 370,490.47 $398,961.27
FEDERAL NATL MTG ASSN AL1595 6.00000 01/01/2040 US 267,502.37 $287,688.96
FEDERAL NATL MTG ASSN AL7068 4.50000 09/01/2042 US 107,205.13 $109,664.91
FEDERAL NATL MTG ASSN AL8674 FLT 5.65900 01/01/2049 US 952,722.33 $1,015,101.53
FEDERAL NATL MTG ASSN AX5234 4.50000 11/01/2044 US 352,693.93 $360,260.65
FEDERAL NATL MTG ASSN BD1381 3.50000 06/01/2046 US 60,964.59 $58,951.58
FEDERAL NATL MTG ASSN BE7845 4.50000 02/01/2047 US 67,680.69 $68,543.86
FEDERAL NATL MTG ASSN FN FS1179 3.50000 12/01/2049 US 2,358,514.28 $2,280,438.49
FN DS2696 3.00000 12/01/2051 US 2,840,000 $2,652,856.69
FEDERAL NATL MTG ASSN 888810 5.50000 11/01/2022 US 17.1 $17.07
FEDERAL NATL MTG ASSN 889576 6.00000 04/01/2038 US 178,591.7 $192,432.76
FEDERAL NATL MTG ASSN 995196 6.00000 07/01/2038 US 381,523.42 $409,571.97
FEDERAL NATL MTG ASSN MA0258 4.50000 12/01/2039 US 318,270.29 $325,572.88
FEDERAL NATL MTG ASSN MA1834 4.50000 02/01/2034 US 274,206.21 $280,494.15
FEDERAL NATL MTG ASSN MA1903 4.50000 05/01/2034 US 215,727.54 $220,674.48
FEDERAL NATL MTG ASSN FN MA3412 3.50000 07/01/2038 US 324,609.9 $315,867.34
FEDERAL NATL MTG ASSN FN MA3463 4.00000 09/01/2033 US 417,430.9 $418,787.40
FEDERAL NATL MTG FN MA4203 2.50000 12/01/2040 US 2,265,438.63 $2,065,141.75
FEDERAL NATL MTG ASSN MA4600 3.50000 05/01/2052 US 2,535,327.21 $2,422,910.07
FEDERAL NATL MTG ASSN MA4644 4.00000 05/01/2052 US 2,505,684.46 $2,451,260.74
FEDERAL NATL MTG ASSN FN MA4687 4.00000 06/01/2042 US 2,441,713.12 $2,411,820.47
FN MA4733 4.50000 09/01/2052 US 2,665,000 $2,653,812.86
FEDERAL NATL MTG ASSN AD0220 6.00000 10/01/2038 US 20,846.93 $22,401.94
FEDERAL NATL MTG ASSN AD0207 6.00000 10/01/2038 US 65,903.24 $70,855.59
FEDERAL NATL MTG ASSN AD0462 5.50000 10/01/2024 US 2,401.17 $2,438.70
FEDEX CORPORATION US FDX 7,282 $1,535,118.42
FIFTH THIRD BANCORP US FITB 885 $30,222.75
FLX 2021-1A A2 3.25000 11/27/2051 US 2,100,000 $1,918,778.19
FONTAINEBLEAU MIAMI BEACH TRUST 3.14400 12/10/2036 US 1,541,000 $1,467,535.58
FORD MOTOR CREDIT 3.08700 01/09/2023 US 230,000 $228,198.35
FREMF 2014-K37 B FLT 4.71584 01/25/2047 US 1,977,000 $1,958,129.85
GSMBS 2021-PJ6 A8 2.50000 11/25/2051 US 984,588.82 $892,901.90
GSMBS 2021-PJ9 A8 2.50000 02/26/2052 US 1,004,300.07 $908,112.94
GSMBS 2021-INV1 A9 3.03319 12/25/2051 US 1,236,753.3 $1,160,651.79
GENERAL DYNAMICS CORP US GD 252 $57,690.36
GENERAL MLS INC US GIS 638 $48,998.40
GENUINE PARTS CO US GPC 197 $30,733.97
GETTY REALTY CORP US GTY 3,979 $119,688.32
GILEAD SCIENCES INC US GILD 1,144 $72,609.68
GOODG 2020-1A MTGE 2.63000 04/15/2055 US 1,158,751.33 $1,039,167.85
GNR 2017-54 AH MTGE 2.60000 12/16/2056 US 405,430.1 $384,753.83
GRAPHIC PACKAGING HOLDING CO US GPK 69,730 $1,552,887.10
GREENIDGE GEN HLD INC US 10,000 $140,100.00
GRUPO AEROPORTUARIO PAC-ADR MX PAC 327 $46,620.39
GRUPO AEROPORTUARIO DEL SURESTE MX ASR 229 $48,426.63
AIRBUS SE FR AIR FP 1,476 $144,637.89
ADIDAS AG DE ADS GR 1,858 $275,510.06
HCA INC 4.12500 06/15/2029 US 1,910,000 $1,774,449.55
HDFC BANK LTD-ADR IN HDB 3,167 $193,345.35
L'OREAL FR OR FP 191 $65,597.82
HARROW HEALTH US 8,355 $207,872.40
HAWAII ST 2.68200 10/01/2038 US 1,835,000 $1,442,406.15
HEALTHCARE REALTY TRUST INC US HR 9,745 $236,998.40
HEINEKEN NV-SPN ADR NL HEINY 34,865 $1,566,135.80
HOME DEPOT INC US HD 558 $160,938.36
HONEYWELL INTERNATIONAL INC US HON 498 $94,296.30
HWIRE 2021-1 A2 2.31100 11/20/2051 US 1,950,000 $1,725,515.81
IIP OPERATING PARTNER 5.50000 05/25/2026 US 490,000 $436,460.93
IDEXX LABORATORIES INC US IDXX 3,260 $1,133,241.20
KERRY GROUP PLC-A IE KYGA ID 1,141 $117,661.89
ILLINOIS TOOL WKS INC US ITW 291 $56,695.53
IMPRL 2021-NQM3 1.59500 11/25/2056 US 1,143,866.6 $976,262.87
INDEPENDENCE REALTY TRUST IN US IRT 4,318 $83,985.10
INTEL CORP US INTC 2,700 $86,184.00
INTERCONTINENTALEXCHANGE INC US ICE 28,222 $2,846,188.70
INTERNATIONAL FLVRS & FRAGRANCES US IFF 289 $31,928.72
INTUITIVE SURGICAL INC US ISRG 7,302 $1,502,313.48
INVITATION HOMES INC US INVH 9,130 $331,236.40
ITALY GOV'T INT BOND 2.37500 10/17/2024 IT 380,000 $361,493.99
JP MORGAN CHASE & CO US JPM 1,553 $176,622.69
JPMMT 2014-2 1A1 3.00000 06/25/2029 US 269,888.92 $257,606.53
JPMORGAN CHASE & CO 4.49300 03/24/2031 US 3,140,000 $3,054,304.16
JPMMT 2017-2 A3 3.50000 05/25/2047 US 13,481.34 $12,822.86
JOHNSON & JOHNSON US JNJ 34,245 $5,525,088.30
KEYCORP US KEY 985 $17,424.65
KROGER CO US KR 788 $37,776.72
L3HARRIS TECHNOLOGIES INC US LHX 6,987 $1,594,363.53
BEIERSDORF AG DE BEI GR 2,817 $284,348.05
LENNAR CORP US LEN 275 $21,298.75
LIFE STORAGE INC US LSI 1,754 $223,196.50
LOCKHEED MARTIN CORP US LMT 200 $84,022.00
LULULEMON - ADR CA LULU 6,462 $1,938,341.52
MAGALLANES INC 4.05400 03/15/2029 US 3,300,000 $3,003,586.25
MARATHON PETROLEUM CORP US MPC 398 $40,098.50
MARRIOTT VACATIONS WORLD US VAC 832 $118,493.44
MASTERCARD INC-CLASS A US MA 16,436 $5,331,345.32
MCDONALDS CORP US MCD 347 $87,541.16
MERCADOLIBRE INC BR MELI 333 $284,834.88
MERCK & CO INC US MRK 1,619 $138,197.84
MICROSOFT CORP US MSFT 22,569 $5,901,116.43
MICROCHIP TECHNOLOGY INC US MCHP 462 $30,145.50
MID-AMERICA APARTMENT COMM US MAA 1,456 $241,215.52
MONDELEZ INTERNATIONAL INC US MDLZ 58,769 $3,635,450.34
MOODY'S CORPORATION US MCO 10,208 $2,904,380.16
MOTOROLA SOLUTIONS INC US MSI 182 $44,300.62
NAVIENT CORP 6.75000 06/25/2025 US 475,000 $458,572.29
NAVSL 2020-FA A 1.22000 07/15/2069 US 632,224.74 $583,561.85
NSLT 2012-3A A MTGE FLT 3.14371 02/25/2045 US 260,165.94 $255,487.04
NESTLE S.A. - ADR CH NSRGY 19,785 $2,316,032.10
NETAPP INC US NTAP 325 $23,442.25
NRZT 2014-3A AFX3 3.75000 11/25/2054 US 297,599.32 $284,650.24
NRZT 2015-2A A1 3.75000 08/25/2055 US 343,305.3 $327,215.75
NRZT 2016-4A A1 3.75000 11/25/2056 US 391,820.08 $374,053.66
KEYENCE CORP JP 6861 JP 600 $225,284.44
NEW YORK CITY NY TRANSITIONALFIN 1.58000 05/01/2024 US 685,000 $662,293.75
NEWCASTLE COAL INFRASTRU 4.40000 09/29/2027 AU 1,280,000 $1,110,731.40
NEWMONT GOLDCORP CORP US NEM 15,413 $637,481.68
NIKE INC CLASS B US NKE 13,624 $1,450,274.80
NORFOLK SOUTHN CORP US NSC 6,874 $1,671,275.62
NIKON CORP JP 7731 JP 10,700 $122,142.89
NORTHROP GRUMMAN CORP US NOC 3,772 $1,802,978.28
NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 CA 497,000 $49.70
NOVARTIS AG- REG CH NVS 44,752 $3,603,431.04
NUCOR CORP US NUE 291 $38,685.54
OMNICOM GROUP US OMC 319 $21,341.10
SONY CORP FIRST SECTION JP 6758 JP 2,300 $182,857.61
OWL ROCK TECHNOLOGY 3.75000 06/17/2026 US 1,290,000 $1,154,220.47
OXFIN 2020-1A A2 3.10100 02/15/2028 US 847,712.34 $839,379.24
OXFIN 2019-1A A2 4.45900 02/15/2027 US 28,031.93 $27,883.73
OXFIN 2022-1A 3.60200 02/15/2030 US 1,925,000 $1,806,780.55
PMTLT 2013-J1 a9 3.50000 09/25/2043 US 295,719.8 $283,928.45
PPG INDUSTRIES INC US PPG 196 $24,888.08
PACKAGING CORP OF AMERICA US PKG 144 $19,716.48
PARKER HANNIFIN CORP US PH 108 $28,620.00
DEUTSCHE BOERSE AG DE DB1 GR 1,510 $255,302.51
PAYPAL HOLDINGS INC US PYPL 31,657 $2,958,030.08
PEAR 2021-1 A MTGE 2.60000 01/15/2034 US 2,186,817.36 $2,076,531.57
NESTLE SA-REGISTERED CH NESN SW 3,897 $456,038.53
PEPSICO INC 3.90000 07/18/2032 US 2,360,000 $2,318,346.83
PFIZER INC US PFE 2,295 $103,802.85
PIONEER NATURAL RESOURCES CO US PXD 172 $43,553.84
POPULAR INC 6.12500 09/14/2023 PR 425,000 $430,442.64
PROCTER & GAMBLE CO US PG 1,239 $170,907.66
PROLOGIS US PLD 7,779 $968,563.29
PFMT 2021 -INV1 A1 2.50000 08/25/2051 US 1,898,933.12 $1,623,379.85
PFMT 2021-2 A2A 2.00000 04/25/2051 US 1,197,563.35 $1,046,461.56
PUBLIC STORAGE INC US PSA 1,349 $446,289.67
QUALCOMM INC US QCOM 804 $106,345.08
QUALCOMM INC 4.25000 05/20/2032 US 2,490,000 $2,519,581.85
QUEST DIAGNOSTICS INC US DGX 184 $23,057.04
RCKT 2021-6 A1 2.50000 12/25/2051 US 1,272,183.71 $1,085,025.44
RADIUS GLOBAL INFRASTRUCTURE US RADI 27,751 $382,131.27
REGIONS FINANCIAL CORP. US RF 1,296 $28,084.32
REPUBLIC SERVICES INC US RSG 327 $46,669.44
RESTAURANT BRANDS INTERN CA QSR 2,711 $159,949.00
REXFORD INDUSTRIAL REALITY IN US REXR 4,804 $298,856.84
GETINGE AB-B SHS SE GETIB SS 11,089 $205,385.48
ROSS STORES INC US ROST 288 $24,845.76
HEINEKEN NV NL HEIA NA 2,779 $249,773.92
RYANAIR HOLDINGS - ADR IE RYAAY 19,324 $1,405,048.04
SBA TOWER TRUST 1.88400 01/15/2026 US 520,000 $468,584.01
S&P GLOBAL INC US SPGI 3,085 $1,086,475.30
SBA COMMUNICATIONS CORP US SBAC 13,209 $4,296,227.25
NAVIENT CORP 5.50000 01/25/2023 US 230,000 $228,924.26
SLMA 2005-7 A4 FLT 2.93300 10/25/2029 US 557,646.41 $550,751.79
SMB 2020-A A2A MTGE 2.23000 09/15/2037 US 1,406,666.2 $1,304,068.82
SALESFORCE INC US CRM 17,295 $2,700,095.40
SEA LTD - ADR SG SE 3,500 $217,000.00
SEAGEN INC US SGEN 8,779 $1,354,511.91
SEMT 2013-6 A2 3.00000 05/25/2043 US 491,735.95 $459,694.72
SEMT 2013-7 A2 3.00000 06/25/2043 US 173,785.15 $155,827.79
SEMT 2013-8 A1 3.00000 06/25/2043 US 203,730.92 $190,920.41
SEMT 2013-2 1.87400 02/25/2043 US 250,902.86 $222,059.09
SEMT 2017-6 A19 MTGE 3.50000 09/25/2047 US 83,204.17 $79,575.87
SEMT 2020-1 A1 3.50000 02/25/2050 US 82,205.86 $78,595.55
SERVICENOW INC US NOW 6,431 $2,795,041.22
SHOPIFY INC CA SHOP 2,880 $91,152.00
SIMON PROPERTY GROUP LP 2.65000 02/01/2032 US 4,230,000 $3,541,692.92
SKYWORKS SOLUTIONS INC US SWKS 169 $16,654.95
SMB 2019-B A2A 2.84000 06/15/2037 US 1,592,567.35 $1,504,343.47
JM SMUCKER CO/THE-NEW COM WI US SJM 163 $22,818.37
SNOWFLAKE INC-CLASS A US SNOW 8,012 $1,449,771.40
SOFI 2017-F A2FX 2.84000 01/25/2041 US 91,540.24 $89,727.93
SOFI 2018-B A2FX MTGE 3.34000 08/25/2047 US 348,625.54 $341,695.67
SOFI 2020-A A2FX MTGE 2.54000 05/15/2046 US 842,356.75 $801,708.22
SONY CORP SPONSORED ADR JP SONY 17,289 $1,371,882.15
SOUTH CAROLINA ST PUBLIC SVC 2.32900 12/01/2028 US 955,000 $857,638.27
SOUTHWEST AIRLINES CO 5.25000 05/04/2025 US 2,237,000 $2,296,317.23
ONEMAIN FINANCE CORP 5.62500 03/15/2023 US 220,000 $218,901.52
STANLEY BLACK & DECKER INC US SWK 160 $14,096.00
SRPT 2014-STAR A FLTG RATE 3.86200 11/15/2027 US 1,910,952.51 $1,338,985.64
STEEL DYNAMICS INC US STLD 287 $23,166.64
SUN COMMUNITIES US SUI 2,337 $359,220.27
SCML 2019-SBC8 2.86000 04/25/2041 US 174,216.6 $161,080.15
SYNCHRONOSS TECH US 20,600 $447,432.00
SYNERGY ONE LENDING 5.50000 10/14/2026 US 525,000 $453,322.32
TJX COMPANIES INC US TJX 756 $47,136.60
TAIWAN SEMICONDUCTOR - SP ADR TW TSM 3,537 $294,808.95
TARGET CORP US TGT 278 $44,574.52
TENCENT HOLDINGS 3.97500 04/11/2029 KY 5,250,000 $4,948,084.26
TERRENO REALTY CORP US TRNO 3,079 $187,788.21
TEXAS INSTRUMENTS INC US TXN 471 $77,813.91
THERMO FISHER SCIENTIFIC INC US TMO 3,276 $1,786,468.32
3M CO US MMM 492 $61,180.20
TPMT 2016-5 A1 2.50000 10/25/2056 US 224,887.29 $222,635.47
TPMT 2017-1 A1 2.75000 10/25/2056 US 173,202.02 $171,715.43
TPMT 2019-HY1 A1 3.44371 10/25/2048 US 345,040.83 $341,165.12
TRACTOR SUPPLY COMPANY US TSCO 116 $21,477.40
TRAVELLERS COS INC US TRV 249 $40,248.36
TAH 2017-SFR2 A 2.92800 01/17/2036 US 1,424,655.51 $1,401,354.39
TYSON FOODS INC -CL A US TSN 401 $30,227.38
UDR INC US UDR 7,447 $334,146.89
U.S. BANCORP US USB 1,303 $59,429.83
UNILEVER PLC - ADR GB UL 83,814 $3,804,317.46
UNION PAC CORP US UNP 437 $98,110.87
UNITED AIR 2019-2 B PTT 3.50000 05/01/2028 US 461,354.92 $388,656.89
UNITED AIR 2018-1 B PTT 4.60000 03/01/2026 US 81,653.05 $76,118.87
UNITED MEXICAN STATES 4.12500 01/21/2026 MX 200,000 $200,176.65
UNITED PARCEL SERVICE US UPS 8,301 $1,614,627.51
TREASURY BOND 2.37500 02/15/2042 US 27,500,000 $22,893,750.00
TREASURY BOND 2.25000 11/15/2027 US 25,425,000 $24,129,914.06
US TREASURY N/B 2.25000 11/15/2025 US 22,485,000 $21,654,109.10
US TREASURY N/B 2.00000 11/15/2026 US 22,945,000 $21,693,780.47
UNITED STATES TREAS NTS 1.75000 05/15/2023 US 13,245,000 $13,097,028.58
US TREASURY N/B 1.37500 11/15/2031 US 4,910,000 $4,218,764.06
VF CORP US VFC 391 $16,206.95
VENTAS INC US VTR 2,816 $134,773.76
VERTEX PHARMACEUTICALS INC US VRTX 6,984 $1,967,811.84
PARAMOUNT GLOBAL CLASS B US PARA 642 $15,016.38
VISA INC - CLASS A SHARES US V 18,833 $3,742,305.43
VISTRA OPERATIONS CO LLC 3.55000 07/15/2024 US 600,000 $578,605.06
VISTRA OPERATIONS 4.87500 05/13/2024 US 2,065,000 $2,041,398.78
WAL MART STORES US WMT 1,435 $190,209.25
WALGREENS BOOTS ALLIANCE INC US WBA 739 $25,909.34
WASTE MANAGEMENT INC US WM 370 $62,541.10
WELLTOWER INC. US WELL 3,253 $249,342.45
WIN 2015-1 A1 3.50000 01/20/2045 US 87,224.51 $84,004.91
ZOETIS INC US ZTS 3,957 $619,389.21
ADMIRAL GROUP PLC GB ADM LN 13,914 $342,267.62
GRUPO AEROPORTUARIO DEL CENT MX OMAB MM 6,900 $45,157.47
UBISOFT ENTERTAINMENT FR UBI FP 4,494 $207,241.07
DANONE FR BN FP 2,198 $115,659.46
AIR LIQUIDE FR AI FP 3,256 $408,018.56
BRENNTAG AG DE BNR GR 2,813 $184,441.37
MEX BONOS DESARR FIX RT 7.75000 05/29/2031 MX 1,081,000 $49,547.30
KEYWORDS STUDIOS PLC IE KWS LN 2,309 $66,546.95
S4 CAPITAL PLC GB SFOR LN 108,255 $166,384.54
HELIOS TOWERS PLC GB HTWS LN 70,026 $100,352.13
AVANZA BANK HOLDING AB SE AZA SS 10,437 $167,295.00
AMERICAN TANKER INC 7.75000 07/02/2025 US 505,000 $488,222.72
SOFTWAREONE HOLDING AG CH SWON SW 14,053 $184,756.38
FLAGSHIP COMMUNITIES REIT UT US MHC/U CN 8,256 $130,857.60
SEASPAN CORP 6.50000 02/05/2024 MH 500,000 $496,233.68
PETROTAL CORP 12.00000 02/16/2024 CA 400,000 $408,000.00
FINECOBANK SPA IT FBK IM 32,010 $346,101.60
ALLFUNDS GROUP PLC GB ALLFG NA 17,708 $139,034.28
AIRSWIFT GLOBAL AS FLT 11.42271 05/12/2025 NO 500,000 $501,386.16
ROTORK PLC GB ROR LN 61,034 $175,094.81
AUTO TRADER GROUP PLC GB AUTO LN 45,845 $346,161.00
CELLNEX TELECOM SA ES CLNX SM 5,152 $200,632.95
ASSA ABLOY AB-B SE ASSAB SS 10,096 $204,484.11
CLEANAWAY WASTE MANAGEMENT AU CWY AU 130,701 $248,241.14
INTERMEDIATE CAPITAL GROUP GB ICP LN 12,452 $196,838.24
ADYEN NV NL ADYEN NA 193 $297,827.00
BANK OF N.T. BUTTERFIELD&SON BM NTB 3,887 $126,793.94
BUNGE LIMITED US BG 203 $20,131.51
EATON CORP PLC US ETN 385 $52,606.40
JOHNSON CONTROLS INTERNATIONAL US JCI 726 $39,305.64
MEDTRONIC INC IE MDT 19,886 $1,748,377.12
ROYALTY PHARMA PLC- CL A US RPRX 574 $23,998.94
STONECO LTD-A BR STNE 14,941 $141,640.68
TRANE TECHNOLOGIES IE TT 193 $29,735.51
ALCON INC CH ALC 27,869 $1,830,435.92
CHUBB LTD CH CB 350 $66,167.50
GARMIN LTD CH GRMN 253 $22,387.97
TE CONNECTIVITY LIMITED CH TEL 260 $32,814.60
LYONDELLBASELL INDU-CL A US LYB 275 $22,825.00
PLAYA HOTELS AND RESORTS US PLYA 8,374 $54,933.44
BROOGE PETROLEUM AND GAS 8.50000 09/24/2025 AE 186,000 $178,866.62

Investments will change over time.

Distributions

  • Pro-Blend® Moderate Term Series Class R Distribution History
  • 2022 Distribution Calendar
  • Fourth Quarter 2021 Distributions
  • Third Quarter 2022 Distributions
  • Second Quarter 2022 Distributions
  • First Quarter 2022 Distributions
  • Tax Letter
  • Target 2020 Merger into Pro Blend Moderate
  • Target 2025 Merger into Pro Blend Moderate

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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