Investment Objective

To provide capital preservation and manage risk for investors who have already reached their target date.

Investment Strategy

The portfolio is invested in a conservative mix of investments that seeks preservation of capital, with income and long-term capital growth as secondary objectives. The portfolio is diversified primarily among fixed income securities, typically focusing on short to intermediate term maturities. A position in various stock investments, which may be focused on dividend paying stocks, adds potential for growth opportunities and income generation. For the most part, this approach favors stability over growth Stock exposure can range from 15% - 45%.

May be Appropriate for Investors

  • Who may have stopped contributions and started periodic withdrawals around the year 2015
  • Who currently have a moderately low tolerance for risk and are looking to minimize extreme declines in account value
  • Who prefer to take advantage of professional management through a single, diversified investment portfolio that becomes more conservative over time

About Target Date Funds

A target date fund is a single investment portfolio designed to meet an investor’s changing needs over time. The fund gradually shifts from a more aggressive to a more conservative investment objective over the years to reflect an appropriate risk/return trade-off for the investor’s changing time horizon.

Target Series Glide Path Overview

Learn more about our Glide Range SM

Daily Price

$12.25

Daily $ Change

$0.04

Daily % Change

0.33%

as of 07/02/2020

Ticker

MTJIX

CUSIP

56382P450

Inception Date

06/25/2012

Investment Minimum

$1,000,000.00

Investment minimum may be waived for certain qualified retirement plans.

Important Documents

Summary Prospectus
Prospectus
Statement of Additional Information
Annual Report
Semi-Annual Report
Fact Sheet
Applications & Forms

Information on Underlying Investments

Blended Asset Series Prospectus
Blended Asset Series SAI
Blended Asset Series Annual Report
Blended Asset Series Semi-Annual Report

The financial statements of the underlying investments should be read in conjunction with the Series’ financial statements. Beginning 10/16/2017, the underlying funds are the Manning & Napier Fund, Inc. Blended Asset Series. The Blended Asset Series are not currently available for direct investment.

Performance

As of 05/31/2020

YTD

1.68%

1 Year

8.54%

3 Year

5.34%

5 Year

4.11%

10 Year

---

Inception
(06/25/2012)

5.92%

Market Cycle

---

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 11.28%
Net 0.66%*

*Includes acquired fund fees and expenses of the underlying Series. 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 05/31/2020

TREASURY NOTES 9.91%
GOVERNMENT AGENCY 8.86%
TREASURY BONDS 4.59%
TSY INFL IX N/B 2.00000 01/15/2026 3.10%
TSY INFL IX N/B 0.50000 04/15/2024 2.23%
EXPORT-IMPORT BANK KOREA 2.62500 12/30/2020 1.28%
VERIZON COMMUNICATIONS 5.25000 03/16/2037 1.23%
ALIBABA GROUP HOLDING 3.40000 12/06/2027 1.19%
BOOKING HOLDINGS INC 3.60000 06/01/2026 1.07%
SABINE PASS LIQUEFACTION 5.87500 06/30/2026 1.07%

Top Ten Investments list is unaudited and excludes cash.

Asset Allocation

As of 05/31/2020

Bonds 69.37%
Stocks 29.31%
Cash 1.32%

Detailed Asset Class Allocation

As of 05/31/2020

International Equities 6.20%
Small Capitalization 0.13%
Mid Capitalization 1.53%
Large Capitalization 21.45%
Long Term Fixed Income 19.17%
Intermediate Term Fixed Income 44.05%
Short Term Fixed Income 6.15%
Cash 1.32%

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

May Fund Holdings

As of 05/31/2020

CUSIP Security Description Country Ticker Shares/Par Market Value (USD)
00101JAK2 ADT SEC CORP 6.25000 10/15/2021 US 94.21 $97.43
00206RDQ2 AT&T INC 4.25000 03/01/2027 US 4,522.16 $5,075.62
00287Y109 ABBVIE INC US ABBV 41.26 $3,824.00
004239109 ACADIA REALTY TRUST US AKR 19.88 $233.18
00507V109 ACTIVISION INC US ATVI 54.45 $3,919.62
00774MAG0 AERCAP IRELAND CAP / GLOBA 4.45000 10/01/2025 IE 13,754.9 $11,849.00
00791GAA5 AG MERGER SUB II INC 10.75000 08/01/2027 US 188.42 $169.58
008492100 AGREE REALTY CORP US ADC 6.1 $383.21
00912XAV6 AIR LEASE CORP 3.62500 04/01/2027 US 5,087.43 $4,464.56
00912XBA1 AIR LEASE CORP 3.25000 03/01/2025 US 282.64 $258.65
013822AC5 ALCOA NEDERLAND HOLDING 6.12500 05/15/2028 NL 376.85 $367.56
015271109 ALEXANDRIA REAL EST EQUITIES US ARE 3.2 $492.40
01609W102 ALIBABA GROUP - ADR CN BABA 13.38 $2,774.48
01609WAT9 ALIBABA GROUP HOLDING 3.40000 12/06/2027 KY 15,827.56 $17,562.93
02079K107 ALPHABET INC-CL C US GOOG .94 $1,346.21
02079K305 ALPHABET INC-CL A US GOOGL 4.9 $7,022.82
02154CAE3 ALTICE FINANCING SA 7.50000 05/15/2026 LU 282.64 $297.58
023135106 AMAZON.COM INC US AMZN 3.49 $8,513.69
0237400 DIAGEO PLC GB DGE LN 63.97 $2,231.89
024835100 AMERICAN CAMPUS COMMUNITIES US ACC 19.9 $642.69
02665T306 AMERICAN HOMES 4 RENT- A US AMH 28.92 $730.02
03019LAA4 AMERICAN TANKER INC 9.25000 02/22/2022 US 471.06 $469.99
03027X100 AMERICAN TOWER REIT INC US AMT 12.25 $3,161.94
03027XAW0 AMERICAN TOWER CORP 3.80000 08/15/2029 US 13,943.33 $15,630.05
03064D108 AMERICOLD REALTY TRUST US COLD 24.02 $857.90
03674XAJ5 ANTERO RESOURCES CORP 5.00000 03/01/2025 US 282.64 $158.28
03690AAD8 ANTERO MIDSTREAM PART / FI 5.75000 03/01/2027 US 471.06 $370.96
03690AAF3 ANTERO MIDSTREAM PART/FI 5.75000 01/15/2028 US 471.06 $368.27
03748R754 APARTMENT INVT & MGMT CO -A US AIV 13.83 $509.92
053015103 AUTOMATIC DATA PROCESSING US ADP 10.55 $1,545.72
053484101 AVALONBAY COMMUNITIES INC US AVB 5.84 $911.27
05401AAJ0 AVOLON HOLDINGS FNDG LTD 3.25000 02/15/2027 KY 5,275.85 $4,056.83
060505104 BANK OF AMERICA CORP US BAC 177.31 $4,276.63
06051GFM6 BANK OF AMERICA CORP 4.00000 01/22/2025 US 6,971.66 $7,614.73
084670702 BERKSHIRE HATHAWAY INC-CL B US BRK/B 28.17 $5,227.66
09061G101 BIOMARIN PHARMACEUTICAL INC US BMRN 33.73 $3,593.69
09857L108 BOOKING HOLDINGS INC US BKNG 1.79 $2,934.60
101121101 BOSTON PROPERTIES INC US BXP 2.28 $196.03
105368203 BRANDYWINE REALTY TRUST US BDN 37.21 $359.11
110122108 BRISTOL MYERS SQUIBB CO US BMY 64.18 $3,832.65
11680JAA0 BRUIN E&P PARTNERS LLC 8.87500 08/01/2023 US 1,507.39 $15.07
1248EPCE1 CCO HLDGS LLC/CAP CORP 4.50000 08/15/2030 US 282.64 $293.23
12503M108 CBOE GLOBAL MARKETS INC US CBOE 43.53 $4,633.76
12555DAA3 CIM 2019-INV1 A1 4.00000 02/25/2049 US 1,334.71 $1,364.65
12572Q105 CME GROUP INC US CME 13.57 $2,477.24
12646XAH5 CSMC 2013-IVR3 A1 2.50000 05/25/2043 US 2,069.3 $2,104.25
12653CAC2 CNX RESOURCES CORP 7.25000 03/14/2027 US 188.42 $178.06
12654TAA8 CNX MIDSTREAM PTR/CNX 6.50000 03/15/2026 US 94.21 $85.03
127097103 CABOT OIL & GAS CORP US COG 323.71 $6,422.43
131477AT8 CALUMET SPECIALTY PROD 11.00000 04/15/2025 US 188.42 $171.47
133131102 CAMDEN PROPERTY TRUST US CPT 10.65 $974.85
133131AZ5 CAMDEN PROPERTY TRUST 2.80000 05/15/2030 US 10,174.86 $10,658.41
136375102 CANADIAN NATIONAL RAILWAY CO CA CNI 18.41 $1,583.91
14180LAA4 CARGO AIRCRAFT MANAGEMENT 4.75000 02/01/2028 US 471.06 $470.54
143905AN7 CARRIAGE SERVICES INC 6.62500 06/01/2026 US 282.64 $295.35
149123101 CATERPILLAR INC US CAT 18.52 $2,225.05
14980AAA0 CAZENOVIA CREEK FUNDING LLC 3.56070 07/15/2030 US 2,688.56 $2,662.06
16119P108 CHARTER COMMUNICATIONS INC-A US CHTR 3.58 $1,947.54
16411QAD3 CHENIERE ENERGY PARTNERS 5.62500 10/01/2026 US 471.06 $479.44
166764100 CHEVRON CORP US CVX 12.34 $1,131.74
17275R102 CISCO SYSTEMS INC US CSCO 103.2 $4,935.00
172967424 CITIGROUP INC US C 53.21 $2,549.33
172967KA8 CITIGROUP INCA 4.45000 09/29/2027 US 12,059.09 $13,426.11
191216100 COCA COLA CO/THE US KO 143.96 $6,719.84
194162103 COLGATE-PALMOLIVE CO US CL 34.93 $2,526.75
20030N101 COMCAST CORP-CL A US CMCSA 80.19 $3,175.64
20030NCY5 COMCAST CORP 3.25000 11/01/2039 US 11,116.98 $12,180.47
20268CAA6 CBSLT 2019-AGS A1 MTGE 2.54000 01/25/2047 US 4,867.25 $5,022.01
20369C106 COMMUNITY HEALTHCARE TRUST I US CHCT 10.55 $384.29
20451NAG6 COMPASS MINERALS INTERNA 6.75000 12/01/2027 US 282.64 $297.18
20605P101 CONCHO RESOURCES INC US CXO 24.68 $1,345.74
20825C104 CONOCOPHILLIPS US COP 50.69 $2,137.93
217204106 COPART INC US CPRT 31.84 $2,846.49
21870Q105 CORESITE REALTY CORP US COR 2.07 $258.71
222795502 COUSINS PROPERTIES INC US CUZ 28.66 $891.87
22534GAA1 CAALT 2020-1A 2.01000 02/15/2029 US 5,464.28 $5,421.94
22822V101 CROWN CASTLE INTL CORP US CCI 4.71 $810.97
22822VAN1 CROWN CASTLE INTL CORP 3.10000 11/15/2029 US 10,928.55 $11,525.86
22822VAR2 CROWN CASTLE INTL CORP 3.30000 07/01/2030 US 3,580.04 $3,859.93
22944PAA5 CSMC 2013-TH1 A1 2.13000 02/25/2043 US 1,347.95 $1,363.49
247361ZN1 DELTA AIR LINES INC 4.37500 04/19/2028 US 376.85 $306.32
25243Q205 DIAGEO PLC-SPONSORED ADR GB DEO 13.43 $1,889.04
253868103 DIGITAL REALTY TRUST INC US DLR 9.04 $1,298.40
254687106 WALT DISNEY CO/THE US DIS 28.64 $3,359.51
254687FW1 WALT DISNEY COMPANY/THE 2.20000 01/13/2028 US 4,522.16 $4,720.22
254709AP3 DISCOVER FINANCIAL SVS 4.50000 01/30/2026 US 282.64 $302.63
25470DAT6 DISCOVERY COMMUNICATIONS 5.20000 09/20/2047 US 10,363.28 $11,507.69
256746108 DOLLAR TREE STORES INC US DLTR 31.09 $3,042.76
25746UDG1 DOMINION ENERGY 3.37500 04/01/2030 US 6,971.66 $7,650.61
25787GAC4 DONNELLEY FINANCIAL SOL 8.25000 10/15/2024 US 565.27 $553.96
25960P109 DOUGLAS EMMETT INC US DEI 18.28 $536.61
262006208 DREYFUS GVT CSH MANAGEMENT US 19,761.61 $19,761.61
26439XAC7 DCP MIDSTREAM OPERATING 8.12500 08/16/2030 US 188.42 $188.42
264411505 DUKE RLTY INVTS INC US DRE 19.29 $665.28
26875P101 EOG RESOURCES INC US EOG 53.7 $2,737.12
277276101 EASTGROUP PROPERTIES US EGP 1.58 $184.00
285512109 ELECTRONIC ARTS US EA 37.03 $4,549.66
291011104 EMERSON ELEC CO US EMR 27.36 $1,669.45
29273RAR0 ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 US 12,435.94 $14,054.58
29444U700 EQUINIX INC US EQIX 10.59 $7,387.48
29472R108 EQUITY LIFESTYLE PROPERTIES US ELS 14.04 $874.54
29476L107 EQUITY RESIDENTIAL US EQR 10.27 $621.90
297178105 ESSEX PROPERTY TRUST INC US ESS 1.87 $452.86
30212P303 EXPEDIA INC US EXPE 89.6 $7,121.03
30212PAS4 EXPEDIA GROUP INC 6.25000 05/01/2025 US 4,710.58 $5,030.50
302154BV0 EXPORT-IMPORT BANK KOREA 2.62500 12/30/2020 KR 18,842.33 $19,004.09
30225T102 EXTRA SPACE STORAGE INC US EXR 2.45 $236.99
30231G102 EXXON MOBIL CORP US XOM 57.47 $2,613.12
302491303 FMC CORP US FMC 31.84 $3,133.72
30262DAL5 FREMF 2011-K13 B 4.61111 01/25/2048 US 6,057.89 $6,110.97
30264DAA7 FS ENERGY & POWER FUND 7.50000 08/15/2023 US 94.21 $75.37
30287EAE0 FREMF 2014-K41 B FLT 3.83267 11/25/2047 US 5,143.96 $5,435.61
30291YAJ9 FREMF 2014-K716 B FLT 3.94952 08/25/2047 US 8,497.89 $8,596.20
30303M102 FACEBOOK INC -A US FB 24.5 $5,513.59
3128M5VT4 FHLM POOL G03926 6.00000 02/01/2038 US 566.25 $655.42
3128M7C95 FHLM POOL G05196 5.50000 10/01/2038 US 558.23 $646.12
3128M7KW5 FHLM POOL G05409 5.50000 03/01/2039 US 500.34 $579.03
3128P75X7 FHLM POOL C91762 4.50000 05/01/2034 US 1,822.23 $2,008.06
312941F69 FHLM POOL A92889 4.50000 07/01/2040 US 2,071.84 $2,300.84
312941ZQ3 FHLM POOL Q93451 4.50000 08/01/2040 US 2,224.43 $2,469.35
3131YBKP2 FEDERAL NATL MTG ASSN FN ZN4802 4.00000 04/01/2049 US 5,089.2 $5,413.23
3132M45M3 FHLM POOL Q24752 3.50000 02/01/2044 US 2,627.75 $2,846.88
3132QUNJ8 FHLM POOL Q37592 4.00000 12/01/2045 US 3,318.49 $3,617.80
3132Y33P7 FHLM POOL FG Q59805 4.50000 11/01/2048 US 2,529.04 $2,731.92
31335AFY9 FHLM POOL G60183 4.00000 12/01/2044 US 1,461.21 $1,611.99
31335ALP1 FHLM POOL G60334 4.50000 10/01/2041 US 1,778.13 $1,973.82
31335CCY8 FHLM POOL FG G61887 MTGE 5.00000 02/01/2049 US 3,356.73 $3,665.39
3136AY6W8 FNA 2017-M15 A1 2.95933 09/25/2027 US 4,903.24 $5,330.47
3136B1YD0 FNR 2018-31 KP 3.50000 07/25/2047 US 4,157.65 $4,306.57
3137F4YU0 FHR 4791 BA MTGE 4.00000 03/15/2044 US 4,109.99 $4,197.20
3137FG2L8 FHR 4801 BA MTGE 4.50000 05/15/2044 US 2,889.89 $2,941.87
3138EGE26 FEDERAL NATL MTG ASSN AL0152 6.00000 06/01/2040 US 1,298.63 $1,502.80
3138EQST0 FEDERAL NATL MTG ASSN AL7729 4.00000 06/01/2043 US 1,151.23 $1,266.61
3138ETT89 FEDERAL NATL MTG ASSN AL8674 FLT 5.64400 01/01/2049 US 2,278.33 $2,666.40
3138WDAY7 FEDERAL NATL MTG ASSN FN AS3622 3.50000 10/01/2044 US 10,227.28 $11,178.56
3140E2GZ8 FEDERAL NATL MTG ASSN AZ9215 4.00000 10/01/2045 US 1,507.01 $1,662.98
3140FEX33 FEDERAL NATL MTG ASSN BD6997 4.00000 10/01/2046 US 1,336.18 $1,433.59
3140FTWF4 FEDERAL NATL MTG ASSN BE7845 4.50000 02/01/2047 US 1,149.71 $1,250.06
3140HPMQ7 FEDERAL NATIONAL MTGE FN BK9366 4.50000 08/01/2048 US 1,505.91 $1,626.34
3140JGVQ5 FEDERAL NATL MTG ASSN FN BN0622 4.50000 01/01/2049 US 3,426.46 $3,699.32
3140Q84E2 FEDERAL NATL MTG ASSN FN CA1720 5.00000 05/01/2048 US 8,656.99 $9,741.24
3140Q9JA2 FEDERAL NATL MTGE ASSN FN CA2056 4.50000 07/01/2048 US 8,006.81 $8,652.40
3140X4JC1 FEDERAL NATL MTG ASSN FM1158 3.50000 06/01/2034 US 5,208.93 $5,500.85
31410GCD3 FEDERAL NATL MTG ASSN 888468 5.50000 09/01/2021 US 64.14 $64.87
31410GN33 FEDERAL NATL MTG ASSN 888810 5.50000 11/01/2022 US 71.26 $72.12
31410LC75 FEDERAL NATL MTG ASSN 890294 5.50000 01/01/2039 US 1,222.65 $1,426.68
31410LD74 FHLM POOL 890326 5.50000 01/01/2040 US 1,286.14 $1,500.11
31417YJC2 FEDERAL NATL MTG ASSN MA0258 4.50000 12/01/2039 US 1,521.94 $1,690.16
31418BBC9 FEDERAL NATL MTG ASSN MA1834 4.50000 02/01/2034 US 1,089.87 $1,198.81
31418BDH6 FEDERAL NATL MTG ASSN MA1903 4.50000 05/01/2034 US 1,315.77 $1,449.61
31418C4F8 FEDERAL NATL MTG ASSN FN MA3521 4.00000 11/01/2048 US 11,018.55 $11,713.54
31418C4M3 FEDERAL NATL MTG ASSN FN MA3527 5.00000 11/01/2048 US 6,268.08 $6,848.83
31418CYJ7 FEDERAL NATL MTG ASSN FN MA3412 3.50000 07/01/2038 US 6,040.18 $6,398.33
31418CZ56 FEDERAL NATL MTG ASSN FN MA3463 4.00000 09/01/2033 US 3,735.93 $3,959.66
31418CZH0 FEDERAL NATL MTG ASSN FN MA3443 4.00000 08/01/2048 US 3,373.23 $3,586.00
31418DNN8 FEDERAL NATL MTG ASSN FN MA3996 2.50000 04/01/2050 US 3,938.92 $4,018.85
31418MKV3 FEDERAL NATL MTG ASSN AD0307 5.50000 01/01/2039 US 646.04 $751.40
31419AU62 FEDERAL NATL MTG ASSN AE0604 6.00000 07/01/2039 US 775.6 $897.40
315786AC7 FIDELITY & GUARA NTY LIFE 5.50000 05/01/2025 US 659.48 $705.65
32054K103 FIRST INDUSTRIAL REALTY TR US FR 8.29 $314.05
33834YAA6 FIVE POINT OP CO LP/FIVE 7.87500 11/15/2025 US 188.42 $184.69
34461LAA2 FONTAINEBLEAU MIAMI BEACH TRUST 3.14400 12/10/2036 US 5,464.28 $5,256.16
345370CX6 FORD MOTOR COMPANY 9.62500 04/22/2030 US 753.69 $836.60
346232AE1 FORESTAR GROUP INC 5.00000 03/01/2028 US 471.06 $447.51
34960PAB7 FORTRESS TRANS & INFRAST 6.50000 10/01/2025 US 565.27 $473.41
35166FAA0 FOXTROT ESCROW ISSUER 12.25000 11/15/2026 US 376.85 $344.81
36246MAT6 GTP AQUISITION PARTNERS 2.35000 06/15/2020 US 1,790.02 $1,793.90
36257MAA3 GSMS 2019-70P A 1.18363 10/15/2036 US 4,899.01 $4,727.13
369550108 GENERAL DYNAMICS CORP US GD 9.87 $1,449.71
369604BQ5 GENERAL ELECTRIC CO 5.00000 01/21/2021 US 9,421.17 $7,227.92
370334104 GENERAL MLS INC US GIS 31.26 $1,970.59
37045VAP5 GENERAL MOTORS CO 5.15000 04/01/2038 US 376.85 $364.64
37185LAL6 GENESIS ENERGY LP/FIN 7.75000 02/01/2028 US 188.42 $176.16
374297109 GETTY REALTY CORP US GTY 9.52 $253.30
375558103 GILEAD SCIENCES INC US GILD 45.6 $3,548.93
38378HVC7 GNR 2012-113 PY 2.50000 09/20/2042 US 4,710.58 $4,969.75
38379RRX3 GNR 2017-54 AH MTGE 2.60000 12/16/2056 US 5,230.86 $5,430.36
388689101 GRAPHIC PACKAGING HOLDING CO US GPK 405.86 $5,872.85
398433AP7 GRIFFON CORPORATION 5.75000 03/01/2028 US 282.64 $280.74
4031976 ADIDAS AG DE ADS GR 11.59 $3,073.24
404119BX6 HCA INC 4.12500 06/15/2029 US 8,290.63 $9,008.69
404139AD9 HC2 HOLDINGS INC 11.50000 12/01/2021 US 150.74 $135.66
418751AB9 HAT HOLDINGS I LLC 6.00000 04/15/2025 US 471.06 $486.22
421946104 HEALTHCARE REALTY TRUST INC US HR 8.29 $254.52
42225P501 HEALTHCARE TRUST OF AMERICA US HTA 8.48 $224.44
42250P103 HEALTHPEAK PROPERTIES INC US PEAK 24.68 $608.20
427866108 HERSHEY CO/THE US HSY 9.16 $1,242.47
43300A203 HILTON WORLDWIDE HOLDINGS INC US HLT 4.71 $373.60
436106AA6 HOLLYFRONTIER CORP 5.87500 04/01/2026 US 471.06 $510.27
437076102 HOME DEPOT INC US HD 23.14 $5,749.43
438128308 HONDA MOTOR CO LTD -SPONS ADR JP HMC 70.38 $1,833.30
438516106 HONEYWELL INTERNATIONAL INC US HON 21.01 $3,064.19
44107P104 HOST MARRIOTT CORP US HST 16.68 $199.11
443201AA6 HOWMET AEROSPACE INC 6.87500 05/01/2025 US 471.06 $500.51
450913AE8 IAMGOLD CORP 7.00000 04/15/2025 CA 565.27 $577.51
452308109 ILLINOIS TOOL WKS INC US ITW 11.96 $2,063.46
45337C102 INCYTE CORP US INCY 17.15 $1,747.40
45569LAA9 INDIGO NATURAL RES LLC 6.87500 02/15/2026 US 188.42 $182.30
45682RAA8 INFRABUILD AUSTRALIA PTY 12.00000 10/01/2024 AU 188.42 $161.93
458140100 INTEL CORP US INTC 84.21 $5,299.11
45866F104 INTERCONTINENTALEXCHANGE INC US ICE 29.39 $2,858.57
459200101 INTERNATIONAL BUSINESS MACH CORP US IBM 26.12 $3,261.82
46116VAE5 INTL FC STORE INC 8.62500 06/15/2025 US 376.85 $383.44
46187BAA1 IHSFR 2017-SFR2 A 1.03213 12/17/2036 US 1,377.27 $1,353.54
46187BAB9 IHSFR 2017-SFR2 B 1.33213 12/17/2036 US 1,130.54 $1,100.46
46187W107 INVITATION HOMES INC US INVH 41.02 $1,078.82
465410BX5 ITALY GOV'T INT BOND 2.37500 10/17/2024 IT 3,768.47 $3,754.99
46625H100 JP MORGAN CHASE & CO US JPM 48.39 $4,708.55
46640BAC8 JPMMT 2013-2 A2 3.50000 05/25/2043 US 1,185.19 $1,227.45
46641YAA1 JPMMT 2014-2 1A1 3.00000 06/25/2029 US 1,557.54 $1,587.27
46647PBP0 JPMORGAN CHASE & CO 2.95600 05/13/2031 US 12,247.52 $12,637.34
46647SAE0 JPMMT 2017-3 1A3 3.50000 08/25/2047 US 3,807.25 $3,916.36
46648HAE3 JPMMT 2017-2 A5 3.50000 05/25/2047 US 3,659.53 $3,709.04
46648HAF0 JPMMT 2017-2 A6 3.00000 05/25/2047 US 3,930.61 $3,971.42
476405105 JERNIGAN CAPITAL INC US JCAP 25.15 $303.62
478160104 JOHNSON & JOHNSON US JNJ 93.46 $13,901.87
47987LAA9 JONAH NRG LLC/FINANCE 7.25000 10/15/2025 US 282.64 $14.13
487526AB1 KEHE DISTRIBUTORS LLC/FI 8.62500 10/15/2026 US 188.42 $198.79
49271VAJ9 KEURIG DR PEPPER INC 3.20000 05/01/2030 US 10,740.13 $11,695.43
49427F108 KILROY REALTY CORP US KRC 15.54 $887.93
494368103 KIMBERLY CLARK CORP US KMB 12.51 $1,769.60
494550AW6 KINDER MORGAN ENER PART 6.95000 01/15/2038 US 8,667.47 $11,589.78
50187TAE6 LGI HOMES INC 6.87500 07/15/2026 US 471.06 $480.48
505742AD8 LADDER CAP FIN LLLP/CORP 5.87500 08/01/2021 US 376.85 $358.95
505742AG1 LADDER CAP FIN LLLP/CORP 5.25000 10/01/2025 US 282.64 $240.24
516806AG1 LAREDO PETROLEUM INC 10.12500 01/15/2028 US 188.42 $129.09
53223X107 LIFE STORAGE INC US LSI 2.17 $211.23
532457108 ELI LILLY & CO US LLY 17.75 $2,714.78
53627NAC5 LIONS GATE CAPITAL HOLD 6.37500 02/01/2024 US 188.42 $190.08
539830109 LOCKHEED MARTIN CORP US LMT 9.2 $3,571.73
54238XAC2 LONESTAR RESOURCES AMERICA 11.25000 01/01/2023 US 565.27 $36.74
550021109 LULULEMON - ADR CA LULU 10.17 $3,053.42
57636Q104 MASTERCARD INC-CLASS A US MA 45.5 $13,691.77
58933Y105 MERCK & CO INC US MRK 59.73 $4,821.42
594918104 MICROSOFT CORP US MSFT 31.56 $5,783.54
595112103 MICRON TECHNOLOGY INC US MU 146.78 $7,032.32
59522J103 MID-AMERICA APARTMENT COMM US MAA 4.71 $548.12
609207105 MONDELEZ INTERNATIONAL INC US MDLZ 150.87 $7,863.37
615369105 MOODY'S CORPORATION US MCO 8.76 $2,342.96
61965RAA3 MOSS CREEK RESOURCES HLD 7.50000 01/15/2026 US 188.42 $99.09
62426EAA3 MOUNTAIN PROVINCE DIAMON 8.00000 12/15/2022 CA 188.42 $95.62
63938CAA6 NAVIENT CORP 5.00000 10/26/2020 US 188.42 $185.60
63938CAH1 NAVIENT CORP 6.75000 06/25/2025 US 471.06 $442.79
63938EAC8 NAVSL 2014-1 A3 0.67825 06/25/2031 US 4,838.32 $4,630.15
63940YAA4 NAVSL 2019-CA A1 2.82000 02/15/2068 US 2,023.37 $2,033.56
63941RAB6 NAVSL 2019-2A A2 1.16825 02/27/2068 US 10,363.28 $9,891.23
64032XAA3 NSLT 2012-3A A MTGE FLT 0.86825 02/25/2045 US 4,988.7 $4,729.15
64033GAA9 NSLT 2013-5A A MTGE FLT 0.79825 01/25/2037 US 4,950.03 $4,652.73
64829DAG1 NRZT 2014-3A AFX3 3.75000 11/25/2054 US 1,298.22 $1,336.23
64829EAA2 NRZT 2015-2A A1 3.75000 08/25/2055 US 1,459.05 $1,501.21
64829LAA6 NRZT 2016-4A A1 3.75000 11/25/2056 US 2,003.29 $2,070.47
65342QAK8 NEXTERA ENERGY OPERATING 4.25000 07/15/2024 US 188.42 $194.55
65343HAA9 NEXSTAR BROADCASTING INC 5.62500 07/15/2027 US 282.64 $289.70
654106AJ2 NIKE INC 2.75000 03/27/2027 US 2,637.93 $2,886.62
6642321 NIKON CORP JP 7731 JP 327.86 $3,017.59
66727WAA0 NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 CA 1,413.18 $14.13
66987V109 NOVARTIS AG- REG CH NVS 98.55 $8,615.83
67059TAD7 NUSTAR LOGISTICS LP 6.75000 02/01/2021 US 188.42 $189.60
67401PAB4 OAKTREE SPECIALTY LEND 3.50000 02/25/2025 US 282.64 $268.32
675232AB8 OCEANEERING INTL INC 6.00000 02/01/2028 US 471.06 $315.61
68389X105 ORACLE CORP US ORCL 54.61 $2,936.12
69144AAA7 OXFIN 2020-1A A2 3.10100 02/15/2028 US 4,804.8 $4,764.89
69318FAH1 PBF HOLDING CO LLC 6.00000 02/15/2028 US 282.64 $237.41
69318UAB1 6.8750000 05/15/2023 6.87500 05/15/2023 US 282.64 $269.21
69327RAJ0 PDC ENERGY INC 5.75000 05/15/2026 US 113.05 $104.43
693456AW5 PMTLT 2013-J1 a9 3.50000 09/25/2043 US 4,366.09 $4,541.40
693475105 PNC FINANCIAL SERVICES GROUP US PNC 11.32 $1,291.42
70450Y103 PAYPAL HOLDINGS INC US PYPL 37.97 $5,885.31
7123870 NESTLE SA-REGISTERED CH NESN SW 52.19 $5,666.99
713448108 PEPSICO INC US PEP 20.92 $2,751.37
717081103 PFIZER INC US PFE 134.12 $5,122.03
717081EW9 PFIZER INC 2.62500 04/01/2030 US 3,014.77 $3,294.27
719245AD4 PHOTO HOLDINGS MERGER SU 8.50000 10/01/2026 US 376.85 $341.65
71943U104 PHYSICIANS REALTY TRUST US DOC 20.07 $346.56
723787107 PIONEER NATURAL RESOURCES CO US PXD 16.77 $1,536.10
73179PAM8 POLYONE CORP 5.75000 05/15/2025 US 282.64 $296.41
733174AK2 POPULAR INC 6.12500 09/14/2023 PR 282.64 $284.75
741503AZ9 BOOKING HOLDINGS INC 3.60000 06/01/2026 US 14,885.44 $15,907.22
74166MAE6 PRIME SECSRVC BRW/FINANC 6.25000 01/15/2028 US 471.06 $446.33
74333KAA6 PROG 2017-SFR2 A 2.89700 12/17/2034 US 2,821.1 $2,838.99
74333NAA0 PROGRESS RESIDENTIAL TRUST 3.14700 05/17/2036 US 5,272.48 $5,416.71
74340W103 PROLOGIS US PLD 34.46 $3,153.33
74460D109 PUBLIC STORAGE INC US PSA 5.46 $1,107.83
747525103 QUALCOMM INC US QCOM 25.74 $2,081.74
750236AW1 RADIAN GROUP INC 4.87500 03/15/2027 US 659.48 $615.22
75513E101 RAYTHEON TECHNOLOGIES CORP US RTX 43.85 $2,828.95
756109104 REALTY INCOME CORP US O 5.18 $286.60
758849103 REGENCY CENTERS CORP US REG 3.96 $169.32
76169C100 REXFORD INDUSTRIAL REALITY IN US REXR 11.87 $472.45
780259107 ROYAL DUTCH SHELL PLC-ADR B NL RDS/B 20.73 $630.92
783513203 RYANAIR HOLDINGS - ADR IE RYAAY 59.54 $4,273.31
78409V104 S&P GLOBAL INC US SPGI 7.16 $2,327.17
78410G104 SBA COMMUNICATIONS CORP US SBAC 11.12 $3,492.18
78442GQJ8 SLMA 2005-7 A4 FLT 1.14138 10/25/2029 US 4,966.27 $4,852.72
78442PGC4 SLM CORP 5.12500 04/05/2022 US 471.06 $464.44
78449UAB4 SMB 2020-A A2A MTGE 2.23000 09/15/2037 US 6,406.39 $6,461.88
78470NAB2 SOFI 2015-D A2 2.72000 10/27/2036 US 992.12 $1,007.28
78470RAC1 SOFI 2016-E A2B 2.49000 01/25/2036 US 2,514.25 $2,540.58
785592AU0 SABINE PASS LIQUEFACTION 4.20000 03/15/2028 US 3,580.04 $3,771.62
785592AV8 SABINE PASS LIQUEFACTION 5.87500 06/30/2026 US 13,754.9 $15,802.21
79466L302 SALESFORCE.COM US CRM 24.12 $4,215.62
80282KAE6 SANTANDER HOLDINGS USA 4.50000 07/17/2025 US 9,798.01 $10,524.56
806857108 SCHLUMBERGER LTD NL SLB 83.75 $1,546.94
808625AA5 SCIENCE APPLICATIONS INT 4.87500 04/01/2028 US 282.64 $288.99
81745BAB1 SEMT 2013-6 A2 3.00000 05/25/2043 US 8,425.7 $8,697.96
81745EAA7 SEMT 2013-8 A1 3.00000 06/25/2043 US 1,744.14 $1,797.25
81748MAA6 SEMT 2020-1 A1 3.50000 02/25/2050 US 5,870.04 $6,003.68
81762P102 SERVICENOW INC US NOW 7.73 $2,996.90
83401BAB2 SOFI 2017-F A2FX 2.84000 01/25/2041 US 1,395.87 $1,423.88
83402JAC2 SOFI 2016-B A2B 2.74000 10/25/2032 US 744.93 $749.95
83404RAB4 SOFI 2018-B A2FX MTGE 3.34000 08/25/2047 US 3,768.47 $3,874.51
83404YAA1 SCLP 2016-5 A 3.06000 09/25/2028 US 475.61 $473.21
83405TAA1 SCLP 2019-3 A MTGE 2.90000 05/25/2028 US 2,792.98 $2,822.37
83406CAA7 SCLP 2019-2 A MTGE 3.01000 04/25/2028 US 2,153.77 $2,175.75
83406EAB1 SOFI 2018-A A2A 2.39000 02/25/2042 US 421.78 $422.28
83406TAB8 SOFI 2020-A A2FX MTGE 2.54000 05/15/2046 US 4,239.53 $4,349.59
844741BJ6 SOUTHWEST AIRLINES CO 5.25000 05/04/2025 US 9,986.44 $10,149.72
85172FAN9 SPRINGLEAF FINANCE CORP 7.12500 03/15/2026 US 471.06 $463.99
85207UAE5 SPRINT CORP 7.25000 09/15/2021 US 94.21 $98.74
85207UAH8 SPRINT CORP 7.12500 06/15/2024 US 376.85 $427.27
85254J102 STAG INDUSTRIAL INC US STAG 11.87 $319.32
855030AN2 STAPLES INC 7.50000 04/15/2026 US 282.64 $246.90
85571BAP0 STARWOOD PROPERTY TRUST 3.62500 02/01/2021 US 471.06 $461.64
85571XAA5 SRPT 2014-STAR A FLTG RATE 1.65363 11/15/2027 US 4,759.71 $3,549.45
858912AF5 STERICYCLE INC 5.37500 07/15/2024 US 282.64 $288.99
862121100 STORE CAPITAL CORP US STOR 13.19 $255.09
866674104 SUN COMMUNITIES US SUI 10.46 $1,434.66
867892101 SUNSTONE HOTEL INVESTORS INC US SHO 18.56 $164.25
86935CAA0 SCML 2019-SBC8 2.86000 04/25/2041 US 4,364.82 $4,394.43
87105L104 SWITCH INC - A US SWCH 17.3 $330.55
872540AR0 TJX COS INC 3.50000 04/15/2025 US 6,971.66 $7,772.45
87422VAJ7 TALEN ENERGY SUPPLY LLC 7.62500 06/01/2028 US 471.06 $475.82
87854WAA1 TECHNIPLAS LLC 10.00000 05/01/2020 US 188.42 $41.92
88032WAN6 TENCENT HOLDINGS 3.97500 04/11/2029 KY 10,928.55 $12,255.75
88146M101 TERRENO REALTY CORP US TRNO 3.3 $168.79
882508104 TEXAS INSTRUMENTS INC US TXN 27.83 $3,304.55
883556102 THERMO FISHER SCIENTIFIC INC US TMO 8.86 $3,092.39
88579Y101 3M CO US MMM 18.07 $2,826.84
89151E109 TOTAL S A SPONSORED ADR FR TOT 133.16 $5,004.11
89173CAA5 TPMT 2016-5 A1 2.50000 10/25/2056 US 2,940.28 $2,970.91
89173FAA8 TPMT 2017-1 A1 2.75000 10/25/2056 US 2,685.93 $2,724.61
89177EAA7 TPMT 2019-HY1 A1 1.16825 10/25/2048 US 2,483.16 $2,451.85
892231AA9 TOWNSQUARE MEDIA INC 6.50000 04/01/2023 US 282.64 $223.28
89613BAA5 TAH 2016-SFR1 A 2.58900 11/17/2033 US 3,980.05 $4,000.18
89613FAA6 TAH 2017-SFR2 A 2.92800 01/17/2036 US 3,751.74 $3,858.77
89832Q109 TRUIST FINANCIAL CORP US TFC 49.59 $1,824.03
901109AF5 TUTOR PERINI CORP 6.87500 05/01/2025 US 847.91 $748.28
902653104 UDR INC US UDR 9.53 $352.58
902973304 U.S. BANCORP US USB 51.76 $1,840.58
904767704 UNILEVER PLC - ADR GB UL 235.92 $12,751.74
907818108 UNION PAC CORP US UNP 20.03 $3,402.19
912810FS2 TSY INFL IX N/B 2.00000 01/15/2026 US 40,309.21 $45,968.32
9128286N5 TSY INFL IX N/B 0.50000 04/15/2024 US 31,914.4 $33,007.01
912828R36 US TREASURY N/B 1.62500 05/15/2026 US 27,321.39 $29,259.50
912828VS6 US TREASURY N/B 2.50000 08/15/2023 US 63,423.3 $68,071.04
912828WJ5 US TREASURY N/B 2.50000 05/15/2024 US 26,850.33 $29,228.05
912828XB1 UNITED STATES TREAS NTS 2.12500 05/15/2025 US 26,850.33 $29,225.95
912828YN4 US TREASURY FRN FLT 0.45006 10/31/2021 US 59,014.19 $59,208.81
91704F104 URBAN EDGE PROPERTIES US UE 23.18 $225.97
91823AAN1 VBTOW 2020-1A C2 3.03100 06/15/2050 US 1,884.23 $1,901.19
92343VDU5 VERIZON COMMUNICATIONS 5.25000 03/16/2037 US 13,566.48 $18,213.23
92826C839 VISA INC - CLASS A SHARES US V 59.92 $11,698.51
92826CAK8 VISA INC 2.70000 04/15/2040 US 11,870.67 $12,600.17
92840JAA7 VISTAJET MALTA/XO MGMT 10.50000 06/01/2024 MUL 659.48 $525.94
92840VAG7 VISTRA OPERATIONS CO LLC 3.70000 01/30/2027 US 282.64 $287.09
928668BE1 VOLKSWAGEN GROUP AMERICA 3.35000 05/13/2025 US 7,065.88 $7,359.84
92935JBC8 WF-RBS COMMERCIAL MORTGAGE T FLT 4.86900 02/15/2044 US 5,743.87 $5,823.80
93065PAA9 WBHT 2019-WBM A FLT 1.23363 12/15/2033 US 3,297.41 $3,057.76
931142103 WAL MART STORES US WMT 40.25 $4,993.07
94106L109 WASTE MANAGEMENT INC US WM 16.52 $1,764.01
94856UAA9 WEEKLEY HOMES LLC/ FINAN 6.62500 08/15/2025 US 188.42 $179.00
949746101 WELLS FARGO COMPANY US WFC 109.83 $2,907.25
95040Q104 WELLTOWER INC. US WELL 13 $658.77
962178AN9 TRI POINTE GROUP / HOMES 5.87500 06/15/2024 US 188.42 $189.54
966387AH5 WHITING PETROLEUM CORP 5.75000 03/15/2021 US 188.42 $22.14
96949LAD7 WILLIAMS PARTNERS LP 3.75000 06/15/2027 US 9,798.01 $10,425.46
97651JAE6 WINWATER MORTGAGE LOAN TRUST 3.50000 03/20/2045 US 401.46 $402.92
98311A105 WYNDHAM HOTELS & RESORTS INC US WH 12.89 $591.95
B3ZD2V9 MEX BONOS DESARR FIX RT 6.50000 06/10/2021 MX 5,181.64 $236.76
B4888C1 CANADIAN GOVERNMENT FLT 2.75000 06/01/2022 CA 621.8 $473.94
B4NDCC9 MEX BONOS DESARR FIX RT 6.50000 06/09/2022 MX 9,496.54 $439.39
B615Y14 MEX BONOS DESARR FIX RT 8.00000 06/11/2020 MX 13,811.43 $622.62
B63QM77 NEXON CO LTD JP 3659 JP 499.32 $10,403.78
B6TC406 MEX BONOS DESARR FIX RT 7.75000 05/29/2031 MX 1,733.49 $86.41
BBG00T36KXJ4 BABA US 05/29/20 P195 CN -.11 -$0.11
BBG00T7BRKC7 DIS US 05/29/20 C113 US -.19 -$79.14
BBG00TF3H2M6 ATVI US 06/05/20 P70 US -.3 -$18.09
BBG00TKX88P8 NOW US 06/12/20 P330 US -.06 -$7.41
BBG00TPV7B53 CRM US 06/12/20 C187.5 US -.11 -$12.78
BGHQ198 HIBERNIA REIT PLC IE HBRN ID 218.85 $265.39
BJVB695 BUONI POLIENNALI DEL TES 2.45000 09/01/2050 IT 2,637.93 $2,961.13
BMMV2K8 TENCENT HOLDINGS LTD CN 700 HK 102.5 $5,551.10
BYYHL23 ANHEUSER-BUSCH INBEV SA/NV BE ABI BB 66.14 $3,086.27
G1151C101 ACCENTURE PLC - CL A IE ACN 12.85 $2,590.91
G29183103 EATON CORP PLC US ETN 17.58 $1,492.53
G5494J103 LINDE PLC GB LIN 11.44 $2,314.22
G5960L103 MEDTRONIC INC IE MDT 64.57 $6,365.57
H01301128 ALCON INC CH ALC 45.22 $2,873.38
H1467J104 CHUBB LTD CH CB 14.06 $1,714.04

Based on the investments of the underlying fund(s): Manning & Napier Fund, Inc. Pro-Blend® Moderate Term Series and Manning & Napier Fund, Inc. Pro-Blend® Conservative Term Series through 10/15/2017, and Manning & Napier Fund, Inc. Blended Asset Moderate Series and Manning & Napier Fund, Inc. Blended Asset Conservative Series beginning 10/16/2017. Investments will change over time and as the target date fund gradually becomes more conservative. Fund holdings list does not include securities with positions less than 0.005 shares.

Distributions

  • Target 2015 Series Class I Distribution History
  • 2020 Distribution Calendar
  • Fourth Quarter 2019 Distributions
  • Third Quarter 2019 Distributions
  • Second Quarter 2020 Distributions
  • First Quarter 2020 Distributions
  • Tax Letter

A Word About Risk

Each Manning & Napier Fund, Inc. Target Series is invested in one or two of four proprietary risk-based funds based on the Target Series becoming increasingly conservative over time. Because the underlying funds invest 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 target date funds will also involve a number of other risks, including issuer-specific risk, foreign investment risk, and small-cap/mid-cap risk, as the underlying investments change over time. 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. Principal value is not guaranteed at any time, including at the target date (the approximate year when an investor plans to stop contributions and start periodic withdrawals).

Daily Price

$12.25

Daily $ Change

$0.04

Daily % Change

0.33%

as of 07/02/2020

Ticker

MTJIX

CUSIP

56382P450

Inception Date

06/25/2012

Investment Minimum

$1,000,000.00

Investment minimum may be waived for certain qualified retirement plans.

Important Documents

Summary Prospectus
Prospectus
Statement of Additional Information
Annual Report
Semi-Annual Report
Fact Sheet
Applications & Forms

Information on Underlying Investments

Blended Asset Series Prospectus
Blended Asset Series SAI
Blended Asset Series Annual Report
Blended Asset Series Semi-Annual Report

The financial statements of the underlying investments should be read in conjunction with the Series’ financial statements. Beginning 10/16/2017, the underlying funds are the Manning & Napier Fund, Inc. Blended Asset Series. The Blended Asset Series are not currently available for direct investment.

Investment Objective

To provide capital preservation and manage risk for investors who have already reached their target date.

Investment Strategy

The portfolio is invested in a conservative mix of investments that seeks preservation of capital, with income and long-term capital growth as secondary objectives. The portfolio is diversified primarily among fixed income securities, typically focusing on short to intermediate term maturities. A position in various stock investments, which may be focused on dividend paying stocks, adds potential for growth opportunities and income generation. For the most part, this approach favors stability over growth Stock exposure can range from 15% - 45%.

May be Appropriate for Investors

  • Who may have stopped contributions and started periodic withdrawals around the year 2015
  • Who currently have a moderately low tolerance for risk and are looking to minimize extreme declines in account value
  • Who prefer to take advantage of professional management through a single, diversified investment portfolio that becomes more conservative over time

About Target Date Funds

A target date fund is a single investment portfolio designed to meet an investor’s changing needs over time. The fund gradually shifts from a more aggressive to a more conservative investment objective over the years to reflect an appropriate risk/return trade-off for the investor’s changing time horizon.

Target Series Glide Path Overview

Learn more about our Glide Range SM

Performance

As of 05/31/2020

YTD

1.68%

1 Year

8.54%

3 Year

5.34%

5 Year

4.11%

10 Year

---

Inception
(06/25/2012)

5.92%

Market Cycle

---

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 11.28%
Net 0.66%*

*Includes acquired fund fees and expenses of the underlying Series. 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 05/31/2020

TREASURY NOTES 9.91%
GOVERNMENT AGENCY 8.86%
TREASURY BONDS 4.59%
TSY INFL IX N/B 2.00000 01/15/2026 3.10%
TSY INFL IX N/B 0.50000 04/15/2024 2.23%
EXPORT-IMPORT BANK KOREA 2.62500 12/30/2020 1.28%
VERIZON COMMUNICATIONS 5.25000 03/16/2037 1.23%
ALIBABA GROUP HOLDING 3.40000 12/06/2027 1.19%
BOOKING HOLDINGS INC 3.60000 06/01/2026 1.07%
SABINE PASS LIQUEFACTION 5.87500 06/30/2026 1.07%

Top Ten Investments list is unaudited and excludes cash.

Asset Allocation

As of 05/31/2020

Bonds
69.37%
Stocks
29.31%
Cash
1.32%

Detailed Asset Class Allocation

As of 05/31/2020

International Equities
6.20%
Small Capitalization
0.13%
Mid Capitalization
1.53%
Large Capitalization
21.45%
Long Term Fixed Income
19.17%
Intermediate Term Fixed Income
44.05%
Short Term Fixed Income
6.15%
Cash
1.32%

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

May Fund Holdings

As of 05/31/2020

CUSIP Security Description Country Ticker Shares/Par Market Value (USD)
00101JAK2 ADT SEC CORP 6.25000 10/15/2021 US 94.21 $97.43
00206RDQ2 AT&T INC 4.25000 03/01/2027 US 4,522.16 $5,075.62
00287Y109 ABBVIE INC US ABBV 41.26 $3,824.00
004239109 ACADIA REALTY TRUST US AKR 19.88 $233.18
00507V109 ACTIVISION INC US ATVI 54.45 $3,919.62
00774MAG0 AERCAP IRELAND CAP / GLOBA 4.45000 10/01/2025 IE 13,754.9 $11,849.00
00791GAA5 AG MERGER SUB II INC 10.75000 08/01/2027 US 188.42 $169.58
008492100 AGREE REALTY CORP US ADC 6.1 $383.21
00912XAV6 AIR LEASE CORP 3.62500 04/01/2027 US 5,087.43 $4,464.56
00912XBA1 AIR LEASE CORP 3.25000 03/01/2025 US 282.64 $258.65
013822AC5 ALCOA NEDERLAND HOLDING 6.12500 05/15/2028 NL 376.85 $367.56
015271109 ALEXANDRIA REAL EST EQUITIES US ARE 3.2 $492.40
01609W102 ALIBABA GROUP - ADR CN BABA 13.38 $2,774.48
01609WAT9 ALIBABA GROUP HOLDING 3.40000 12/06/2027 KY 15,827.56 $17,562.93
02079K107 ALPHABET INC-CL C US GOOG .94 $1,346.21
02079K305 ALPHABET INC-CL A US GOOGL 4.9 $7,022.82
02154CAE3 ALTICE FINANCING SA 7.50000 05/15/2026 LU 282.64 $297.58
023135106 AMAZON.COM INC US AMZN 3.49 $8,513.69
0237400 DIAGEO PLC GB DGE LN 63.97 $2,231.89
024835100 AMERICAN CAMPUS COMMUNITIES US ACC 19.9 $642.69
02665T306 AMERICAN HOMES 4 RENT- A US AMH 28.92 $730.02
03019LAA4 AMERICAN TANKER INC 9.25000 02/22/2022 US 471.06 $469.99
03027X100 AMERICAN TOWER REIT INC US AMT 12.25 $3,161.94
03027XAW0 AMERICAN TOWER CORP 3.80000 08/15/2029 US 13,943.33 $15,630.05
03064D108 AMERICOLD REALTY TRUST US COLD 24.02 $857.90
03674XAJ5 ANTERO RESOURCES CORP 5.00000 03/01/2025 US 282.64 $158.28
03690AAD8 ANTERO MIDSTREAM PART / FI 5.75000 03/01/2027 US 471.06 $370.96
03690AAF3 ANTERO MIDSTREAM PART/FI 5.75000 01/15/2028 US 471.06 $368.27
03748R754 APARTMENT INVT & MGMT CO -A US AIV 13.83 $509.92
053015103 AUTOMATIC DATA PROCESSING US ADP 10.55 $1,545.72
053484101 AVALONBAY COMMUNITIES INC US AVB 5.84 $911.27
05401AAJ0 AVOLON HOLDINGS FNDG LTD 3.25000 02/15/2027 KY 5,275.85 $4,056.83
060505104 BANK OF AMERICA CORP US BAC 177.31 $4,276.63
06051GFM6 BANK OF AMERICA CORP 4.00000 01/22/2025 US 6,971.66 $7,614.73
084670702 BERKSHIRE HATHAWAY INC-CL B US BRK/B 28.17 $5,227.66
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78409V104 S&P GLOBAL INC US SPGI 7.16 $2,327.17
78410G104 SBA COMMUNICATIONS CORP US SBAC 11.12 $3,492.18
78442GQJ8 SLMA 2005-7 A4 FLT 1.14138 10/25/2029 US 4,966.27 $4,852.72
78442PGC4 SLM CORP 5.12500 04/05/2022 US 471.06 $464.44
78449UAB4 SMB 2020-A A2A MTGE 2.23000 09/15/2037 US 6,406.39 $6,461.88
78470NAB2 SOFI 2015-D A2 2.72000 10/27/2036 US 992.12 $1,007.28
78470RAC1 SOFI 2016-E A2B 2.49000 01/25/2036 US 2,514.25 $2,540.58
785592AU0 SABINE PASS LIQUEFACTION 4.20000 03/15/2028 US 3,580.04 $3,771.62
785592AV8 SABINE PASS LIQUEFACTION 5.87500 06/30/2026 US 13,754.9 $15,802.21
79466L302 SALESFORCE.COM US CRM 24.12 $4,215.62
80282KAE6 SANTANDER HOLDINGS USA 4.50000 07/17/2025 US 9,798.01 $10,524.56
806857108 SCHLUMBERGER LTD NL SLB 83.75 $1,546.94
808625AA5 SCIENCE APPLICATIONS INT 4.87500 04/01/2028 US 282.64 $288.99
81745BAB1 SEMT 2013-6 A2 3.00000 05/25/2043 US 8,425.7 $8,697.96
81745EAA7 SEMT 2013-8 A1 3.00000 06/25/2043 US 1,744.14 $1,797.25
81748MAA6 SEMT 2020-1 A1 3.50000 02/25/2050 US 5,870.04 $6,003.68
81762P102 SERVICENOW INC US NOW 7.73 $2,996.90
83401BAB2 SOFI 2017-F A2FX 2.84000 01/25/2041 US 1,395.87 $1,423.88
83402JAC2 SOFI 2016-B A2B 2.74000 10/25/2032 US 744.93 $749.95
83404RAB4 SOFI 2018-B A2FX MTGE 3.34000 08/25/2047 US 3,768.47 $3,874.51
83404YAA1 SCLP 2016-5 A 3.06000 09/25/2028 US 475.61 $473.21
83405TAA1 SCLP 2019-3 A MTGE 2.90000 05/25/2028 US 2,792.98 $2,822.37
83406CAA7 SCLP 2019-2 A MTGE 3.01000 04/25/2028 US 2,153.77 $2,175.75
83406EAB1 SOFI 2018-A A2A 2.39000 02/25/2042 US 421.78 $422.28
83406TAB8 SOFI 2020-A A2FX MTGE 2.54000 05/15/2046 US 4,239.53 $4,349.59
844741BJ6 SOUTHWEST AIRLINES CO 5.25000 05/04/2025 US 9,986.44 $10,149.72
85172FAN9 SPRINGLEAF FINANCE CORP 7.12500 03/15/2026 US 471.06 $463.99
85207UAE5 SPRINT CORP 7.25000 09/15/2021 US 94.21 $98.74
85207UAH8 SPRINT CORP 7.12500 06/15/2024 US 376.85 $427.27
85254J102 STAG INDUSTRIAL INC US STAG 11.87 $319.32
855030AN2 STAPLES INC 7.50000 04/15/2026 US 282.64 $246.90
85571BAP0 STARWOOD PROPERTY TRUST 3.62500 02/01/2021 US 471.06 $461.64
85571XAA5 SRPT 2014-STAR A FLTG RATE 1.65363 11/15/2027 US 4,759.71 $3,549.45
858912AF5 STERICYCLE INC 5.37500 07/15/2024 US 282.64 $288.99
862121100 STORE CAPITAL CORP US STOR 13.19 $255.09
866674104 SUN COMMUNITIES US SUI 10.46 $1,434.66
867892101 SUNSTONE HOTEL INVESTORS INC US SHO 18.56 $164.25
86935CAA0 SCML 2019-SBC8 2.86000 04/25/2041 US 4,364.82 $4,394.43
87105L104 SWITCH INC - A US SWCH 17.3 $330.55
872540AR0 TJX COS INC 3.50000 04/15/2025 US 6,971.66 $7,772.45
87422VAJ7 TALEN ENERGY SUPPLY LLC 7.62500 06/01/2028 US 471.06 $475.82
87854WAA1 TECHNIPLAS LLC 10.00000 05/01/2020 US 188.42 $41.92
88032WAN6 TENCENT HOLDINGS 3.97500 04/11/2029 KY 10,928.55 $12,255.75
88146M101 TERRENO REALTY CORP US TRNO 3.3 $168.79
882508104 TEXAS INSTRUMENTS INC US TXN 27.83 $3,304.55
883556102 THERMO FISHER SCIENTIFIC INC US TMO 8.86 $3,092.39
88579Y101 3M CO US MMM 18.07 $2,826.84
89151E109 TOTAL S A SPONSORED ADR FR TOT 133.16 $5,004.11
89173CAA5 TPMT 2016-5 A1 2.50000 10/25/2056 US 2,940.28 $2,970.91
89173FAA8 TPMT 2017-1 A1 2.75000 10/25/2056 US 2,685.93 $2,724.61
89177EAA7 TPMT 2019-HY1 A1 1.16825 10/25/2048 US 2,483.16 $2,451.85
892231AA9 TOWNSQUARE MEDIA INC 6.50000 04/01/2023 US 282.64 $223.28
89613BAA5 TAH 2016-SFR1 A 2.58900 11/17/2033 US 3,980.05 $4,000.18
89613FAA6 TAH 2017-SFR2 A 2.92800 01/17/2036 US 3,751.74 $3,858.77
89832Q109 TRUIST FINANCIAL CORP US TFC 49.59 $1,824.03
901109AF5 TUTOR PERINI CORP 6.87500 05/01/2025 US 847.91 $748.28
902653104 UDR INC US UDR 9.53 $352.58
902973304 U.S. BANCORP US USB 51.76 $1,840.58
904767704 UNILEVER PLC - ADR GB UL 235.92 $12,751.74
907818108 UNION PAC CORP US UNP 20.03 $3,402.19
912810FS2 TSY INFL IX N/B 2.00000 01/15/2026 US 40,309.21 $45,968.32
9128286N5 TSY INFL IX N/B 0.50000 04/15/2024 US 31,914.4 $33,007.01
912828R36 US TREASURY N/B 1.62500 05/15/2026 US 27,321.39 $29,259.50
912828VS6 US TREASURY N/B 2.50000 08/15/2023 US 63,423.3 $68,071.04
912828WJ5 US TREASURY N/B 2.50000 05/15/2024 US 26,850.33 $29,228.05
912828XB1 UNITED STATES TREAS NTS 2.12500 05/15/2025 US 26,850.33 $29,225.95
912828YN4 US TREASURY FRN FLT 0.45006 10/31/2021 US 59,014.19 $59,208.81
91704F104 URBAN EDGE PROPERTIES US UE 23.18 $225.97
91823AAN1 VBTOW 2020-1A C2 3.03100 06/15/2050 US 1,884.23 $1,901.19
92343VDU5 VERIZON COMMUNICATIONS 5.25000 03/16/2037 US 13,566.48 $18,213.23
92826C839 VISA INC - CLASS A SHARES US V 59.92 $11,698.51
92826CAK8 VISA INC 2.70000 04/15/2040 US 11,870.67 $12,600.17
92840JAA7 VISTAJET MALTA/XO MGMT 10.50000 06/01/2024 MUL 659.48 $525.94
92840VAG7 VISTRA OPERATIONS CO LLC 3.70000 01/30/2027 US 282.64 $287.09
928668BE1 VOLKSWAGEN GROUP AMERICA 3.35000 05/13/2025 US 7,065.88 $7,359.84
92935JBC8 WF-RBS COMMERCIAL MORTGAGE T FLT 4.86900 02/15/2044 US 5,743.87 $5,823.80
93065PAA9 WBHT 2019-WBM A FLT 1.23363 12/15/2033 US 3,297.41 $3,057.76
931142103 WAL MART STORES US WMT 40.25 $4,993.07
94106L109 WASTE MANAGEMENT INC US WM 16.52 $1,764.01
94856UAA9 WEEKLEY HOMES LLC/ FINAN 6.62500 08/15/2025 US 188.42 $179.00
949746101 WELLS FARGO COMPANY US WFC 109.83 $2,907.25
95040Q104 WELLTOWER INC. US WELL 13 $658.77
962178AN9 TRI POINTE GROUP / HOMES 5.87500 06/15/2024 US 188.42 $189.54
966387AH5 WHITING PETROLEUM CORP 5.75000 03/15/2021 US 188.42 $22.14
96949LAD7 WILLIAMS PARTNERS LP 3.75000 06/15/2027 US 9,798.01 $10,425.46
97651JAE6 WINWATER MORTGAGE LOAN TRUST 3.50000 03/20/2045 US 401.46 $402.92
98311A105 WYNDHAM HOTELS & RESORTS INC US WH 12.89 $591.95
B3ZD2V9 MEX BONOS DESARR FIX RT 6.50000 06/10/2021 MX 5,181.64 $236.76
B4888C1 CANADIAN GOVERNMENT FLT 2.75000 06/01/2022 CA 621.8 $473.94
B4NDCC9 MEX BONOS DESARR FIX RT 6.50000 06/09/2022 MX 9,496.54 $439.39
B615Y14 MEX BONOS DESARR FIX RT 8.00000 06/11/2020 MX 13,811.43 $622.62
B63QM77 NEXON CO LTD JP 3659 JP 499.32 $10,403.78
B6TC406 MEX BONOS DESARR FIX RT 7.75000 05/29/2031 MX 1,733.49 $86.41
BBG00T36KXJ4 BABA US 05/29/20 P195 CN -.11 -$0.11
BBG00T7BRKC7 DIS US 05/29/20 C113 US -.19 -$79.14
BBG00TF3H2M6 ATVI US 06/05/20 P70 US -.3 -$18.09
BBG00TKX88P8 NOW US 06/12/20 P330 US -.06 -$7.41
BBG00TPV7B53 CRM US 06/12/20 C187.5 US -.11 -$12.78
BGHQ198 HIBERNIA REIT PLC IE HBRN ID 218.85 $265.39
BJVB695 BUONI POLIENNALI DEL TES 2.45000 09/01/2050 IT 2,637.93 $2,961.13
BMMV2K8 TENCENT HOLDINGS LTD CN 700 HK 102.5 $5,551.10
BYYHL23 ANHEUSER-BUSCH INBEV SA/NV BE ABI BB 66.14 $3,086.27
G1151C101 ACCENTURE PLC - CL A IE ACN 12.85 $2,590.91
G29183103 EATON CORP PLC US ETN 17.58 $1,492.53
G5494J103 LINDE PLC GB LIN 11.44 $2,314.22
G5960L103 MEDTRONIC INC IE MDT 64.57 $6,365.57
H01301128 ALCON INC CH ALC 45.22 $2,873.38
H1467J104 CHUBB LTD CH CB 14.06 $1,714.04

Based on the investments of the underlying fund(s): Manning & Napier Fund, Inc. Pro-Blend® Moderate Term Series and Manning & Napier Fund, Inc. Pro-Blend® Conservative Term Series through 10/15/2017, and Manning & Napier Fund, Inc. Blended Asset Moderate Series and Manning & Napier Fund, Inc. Blended Asset Conservative Series beginning 10/16/2017. Investments will change over time and as the target date fund gradually becomes more conservative. Fund holdings list does not include securities with positions less than 0.005 shares.

Distributions

  • Target 2015 Series Class I Distribution History
  • 2020 Distribution Calendar
  • Fourth Quarter 2019 Distributions
  • Third Quarter 2019 Distributions
  • Second Quarter 2020 Distributions
  • First Quarter 2020 Distributions
  • Tax Letter

A Word About Risk

Each Manning & Napier Fund, Inc. Target Series is invested in one or two of four proprietary risk-based funds based on the Target Series becoming increasingly conservative over time. Because the underlying funds invest 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 target date funds will also involve a number of other risks, including issuer-specific risk, foreign investment risk, and small-cap/mid-cap risk, as the underlying investments change over time. 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. Principal value is not guaranteed at any time, including at the target date (the approximate year when an investor plans to stop contributions and start periodic withdrawals).


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