Investment Objective

To provide capital growth and manage risk for investors planning to retire (or meet another investment goal) in or around the year indicated in the fund’s name.

Investment Strategy

Currently: The portfolio is currently invested in a moderately conservative mix of investments that seeks a more stable rate of growth than that of the stock market by placing a greater emphasis on bonds to help maintain stability. The portfolio is diversified primarily among fixed income securities, with a focus on intermediate maturities Stock exposure can range from 20% - 60%.

Over Time: The portfolio’s investment mix will gradually become more conservative as the target date approaches and for several years after the target date. During the target year, the portfolio’s stock exposure can range from 20% - 60%. At five years after the target date and beyond, the focus will be on capital preservation, and stock exposure can range from 15% - 45%.

May be Appropriate for Investors

  • Who plan to stop contributions and start periodic withdrawals around the year 2020
  • Who currently have a moderate tolerance for risk and can accept fluctuations in current 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

$10.08

Daily $ Change

$0.09

Daily % Change

0.89%

as of 04/09/2020

Ticker

MTNKX

CUSIP

56382P872

Inception Date

03/28/2008

Investment Minimum

$2,000.00

Investment minimum may be waived for certain qualified retirement plans and participants in an automatic investment program.

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 03/31/2020

YTD

-5.64%

1 Year

2.51%

3 Year

4.13%

5 Year

3.04%

10 Year

5.40%

Inception
(03/28/2008)

4.66%

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 1.17%
Net 0.95%*

*Includes acquired fund fees and expenses of the underlying Series, and a 12b-1 fee of 0.25%. Up to 0.25% of the 12b-1 fee 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 prior to the expiration date (02/29/2028) without the approval of the Fund's Board of Directors.

Top Ten Investments

As of 03/31/2020

TREASURY NOTES 9.46%
GOVERNMENT AGENCY 7.69%
TSY INFL IX N/B 2.00000 01/15/2026 2.49%
TREASURY BONDS 2.41%
FACEBOOK INC -A 2.19%
BOOKING HOLDINGS INC 1.73%
TSY INFL IX N/B 0.50000 04/15/2024 1.69%
MASTERCARD INC-CLASS A 1.65%
AMAZON.COM INC 1.60%
NEXON CO LTD 1.55%

Top Ten Investments list is unaudited and excludes cash

Asset Allocation

As of 03/31/2020

Bonds 51.47%
Stocks 44.87%
Cash 3.66%

Detailed Asset Class Allocation

As of 03/31/2020

International Equities 14.16%
Small Capitalization 0.16%
Mid Capitalization 2.34%
Large Capitalization 28.21%
Long Term Fixed Income 15.51%
Intermediate Term Fixed Income 28.08%
Short Term Fixed Income 7.88%
Cash 3.66%

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

March Fund Holdings

As of 03/31/2020

CUSIP Security Description Country Ticker Shares/Par Market Value (USD)
00101JAK2 ADT SEC CORP 6.25000 10/15/2021 US 5,122.01 $5,006.76
00206RDQ2 AT&T INC 4.25000 03/01/2027 US 307,320.32 $326,426.01
00287Y109 ABBVIE INC US ABBV 175.68 $13,385.42
004239109 ACADIA REALTY TRUST US AKR 389.27 $4,823.09
00489LAA1 ACRISURE LLC / FIN INC 7.00000 11/15/2025 US 5,122.01 $4,404.92
00507V109 ACTIVISION INC US ATVI 5,992.75 $356,448.55
00774MAG0 AERCAP IRELAND CAP / GLOBA 4.45000 10/01/2025 IE 271,466.29 $229,837.13
00791GAA5 AG MERGER SUB II INC 10.75000 08/01/2027 US 7,683.01 $6,684.22
008492100 AGREE REALTY CORP US ADC 105 $6,499.57
00912XBA1 AIR LEASE CORP 3.25000 03/01/2025 US 12,805.01 $10,035.67
013092AC5 ALBERTSONS COS/SAFEWAY 4.62500 01/15/2027 US 10,244.01 $10,192.79
015271109 ALEXANDRIA REAL EST EQUITIES US ARE 38.42 $5,265.17
01609W102 ALIBABA GROUP - ADR CN BABA 1,147.33 $223,132.58
01609WAT9 ALIBABA GROUP HOLDING 3.40000 12/06/2027 KY 240,734.25 $252,345.87
020002101 ALLSTATE CORPORATION US ALL 51.73 $4,745.40
02005NBF6 ALLY FINANCIAL INC 5.75000 11/20/2025 US 10,244.01 $10,020.69
02079K107 ALPHABET INC-CL C US GOOG 448.18 $521,142.92
02079K305 ALPHABET INC-CL A US GOOGL 453.3 $526,709.00
02154CAE3 ALTICE FINANCING SA 7.50000 05/15/2026 LU 10,244.01 $9,925.42
023135106 AMAZON.COM INC US AMZN 414.88 $808,904.59
02319V103 AMBEV SA-ADR BR ABEV 5,311.52 $12,216.50
0237400 DIAGEO PLC GB DGE LN 6,177.14 $195,873.67
024835100 AMERICAN CAMPUS COMMUNITIES US ACC 384.15 $10,660.17
02665T306 AMERICAN HOMES 4 RENT- A US AMH 819.52 $19,012.88
03019LAA4 AMERICAN TANKER INC 9.25000 02/22/2022 US 7,683.01 $6,914.73
03027X100 AMERICAN TOWER REIT INC US AMT 1,080.74 $235,331.82
03027XAW0 AMERICAN TOWER CORP 3.80000 08/15/2029 US 317,564.33 $321,470.37
03064D108 AMERICOLD REALTY TRUST US COLD 594.15 $20,224.96
032654105 ANALOG DEVICES INC US ADI 48.66 $4,362.28
03690AAD8 ANTERO MIDSTREAM PART / FI 5.75000 03/01/2027 US 5,122.01 $3,278.08
03690AAF3 ANTERO MIDSTREAM PART/FI 5.75000 01/15/2028 US 5,122.01 $3,278.08
03748R754 APARTMENT INVT & MGMT CO -A US AIV 406.69 $14,295.06
039483102 ARCHER-DANIELS-MIDLAND CO US ADM 104.49 $3,675.92
045086AF2 ASHTON WOODS USA/FINANCE 6.75000 08/01/2025 US 5,122.01 $4,097.60
053015103 AUTOMATIC DATA PROCESSING US ADP 46.1 $6,300.68
053484101 AVALONBAY COMMUNITIES INC US AVB 171.59 $25,252.49
05401AAJ0 AVOLON HOLDINGS FNDG LTD 3.25000 02/15/2027 KY 148,538.16 $116,488.46
055622104 BP PLC-SPONS ADR GB BP 2,658.32 $64,836.44
05722G100 BAKER HUGHES CO US BKR 217.17 $2,280.32
060505104 BANK OF AMERICA CORP US BAC 768.3 $16,311.03
06051GFM6 BANK OF AMERICA CORP 4.00000 01/22/2025 US 476,346.5 $501,302.85
084670702 BERKSHIRE HATHAWAY INC-CL B US BRK/B 2,158.93 $394,716.31
086516101 BEST BUY INC US BBY 58.39 $3,328.28
09061G101 BIOMARIN PHARMACEUTICAL INC US BMRN 3,103.94 $262,282.53
0946580 WEIR GROUP PLC/THE GB WEIR LN 1,610.87 $14,327.26
09857L108 BOOKING HOLDINGS INC US BKNG 650.49 $875,123.51
101121101 BOSTON PROPERTIES INC US BXP 181.32 $16,723.05
105368203 BRANDYWINE REALTY TRUST US BDN 919.4 $9,672.09
110122108 BRISTOL MYERS SQUIBB CO US BMY 237.66 $13,247.23
11680JAA0 BRUIN E&P PARTNERS LLC 8.87500 08/01/2023 US 20,488.02 $1,434.16
1248EPCE1 CCO HLDGS LLC/CAP CORP 4.50000 08/15/2030 US 5,122.01 $5,019.57
12503M108 CBOE GLOBAL MARKETS INC US CBOE 3,078.33 $274,740.53
12510GAB8 CCG 2019-1 A2 2.80000 09/14/2026 US 256,509.82 $259,771.47
12527GAC7 CF INDUSTRIES 3.45000 06/01/2023 US 10,244.01 $10,065.46
12541W209 C.H. ROBINSON WORLDWIDE INC US CHRW 38.93 $2,576.98
12555DAA3 CIM 2019-INV1 A1 4.00000 02/25/2049 US 46,225.21 $45,761.76
12572Q105 CME GROUP INC US CME 1,050.01 $181,557.42
12646WAH7 CSMC 2013-IVR2 A2 3.00000 04/25/2043 US 216,375.89 $217,426.55
12646XAH5 CSMC 2013-IVR3 A1 2.50000 05/25/2043 US 72,228.02 $68,778.68
12647PAK4 CSMC 2013-7 A6 3.50000 08/25/2043 US 267,527.14 $273,601.32
12648TAA7 CSMC 2014-IVR3 A1 3.50000 07/25/2044 US 113,978.83 $112,882.04
127097103 CABOT OIL & GAS CORP US COG 24,375.62 $419,016.97
131477AT8 CALUMET SPECIALTY PROD 11.00000 04/15/2025 US 7,683.01 $5,534.45
133131102 CAMDEN PROPERTY TRUST US CPT 258.66 $20,496.32
13321L108 CAMECO CORP CA CCJ 2,968.2 $22,677.06
14180LAA4 CARGO AIRCRAFT MANAGEMENT 4.75000 02/01/2028 US 15,366.02 $14,251.98
143905AN7 CARRIAGE SERVICES INC 6.62500 06/01/2026 US 10,244.01 $10,064.74
149123101 CATERPILLAR INC US CAT 80.42 $9,331.41
14980AAA0 CAZENOVIA CREEK FUNDING LLC 3.56070 07/15/2030 US 69,074.69 $66,157.62
156700AW6 CENTURYLINK INC 5.62500 04/01/2020 US 5,122.01 $5,122.01
16119P108 CHARTER COMMUNICATIONS INC-A US CHTR 309.88 $135,204.32
165183BB9 CFII 2017-4A A1 2.12000 11/15/2029 US 130,002.46 $129,196.50
166764100 CHEVRON CORP US CVX 2,502.1 $181,302.14
172062101 CINCINNATI FINANCIAL CORP US CINF 28.68 $2,164.15
17275R102 CISCO SYSTEMS INC US CSCO 444.59 $17,476.84
172967424 CITIGROUP INC US C 231 $9,729.82
172967EW7 CITIGROUP INC 8.12500 07/15/2039 US 133,172.14 $208,886.88
191216100 COCA COLA CO/THE US KO 10,484.75 $463,949.97
194162103 COLGATE-PALMOLIVE CO US CL 124.46 $8,259.48
20030N101 COMCAST CORP-CL A US CMCSA 349.83 $12,027.26
20030NCY5 COMCAST CORP 3.25000 11/01/2039 US 250,978.26 $259,080.81
20268CAA6 CBSLT 2019-AGS A1 MTGE 2.54000 01/25/2047 US 166,675.61 $168,487.27
20369C106 COMMUNITY HEALTHCARE TRUST I US CHCT 309.88 $11,862.26
20451NAG6 COMPASS MINERALS INTERNA 6.75000 12/01/2027 US 7,683.01 $6,935.84
205887102 CONAGRA BRAND INC. US CAG 111.15 $3,261.07
20825C104 CONOCOPHILLIPS US COP 5,686.45 $175,142.67
21036P108 CONSTELLATION BRANDS INC-A US STZ 25.61 $3,671.45
222795502 COUSINS PROPERTIES INC US CUZ 619.76 $18,140.45
225310AN1 CREDIT ACCEPTANC 5.12500 12/31/2024 US 5,122.01 $4,661.02
22534GAA1 CAALT 2020-1A 2.01000 02/15/2029 US 179,270.19 $166,315.80
22822V101 CROWN CASTLE INTL CORP US CCI 112.68 $16,271.59
22822VAN1 CROWN CASTLE INTL CORP 3.10000 11/15/2029 US 15,366.02 $14,719.76
22944PAA5 CSMC 2013-TH1 A1 2.13000 02/25/2043 US 50,115.03 $47,277.04
231021106 CUMMINS INC US CMI 31.76 $4,297.28
23110AAA4 CUMULUS MEDIA NEW HLDGS 6.75000 07/01/2026 US 17,927.02 $16,044.68
2347608 FIRST QUANTUM MINERALS LTD CA FM CN 1,349.65 $6,895.45
253868103 DIGITAL REALTY TRUST INC US DLR 258.66 $35,930.64
254687106 WALT DISNEY CO/THE US DIS 2,128.19 $205,583.47
254709AP3 DISCOVER FINANCIAL SVS 4.50000 01/30/2026 US 10,244.01 $10,448.68
25470DAT6 DISCOVERY COMMUNICATIONS 5.20000 09/20/2047 US 281,710.3 $283,843.78
256746108 DOLLAR TREE STORES INC US DLTR 2,335.63 $171,599.06
25787GAC4 DONNELLEY FINANCIAL SOL 8.25000 10/15/2024 US 20,488.02 $19,258.74
25960P109 DOUGLAS EMMETT INC US DEI 404.64 $12,345.52
260003108 DOVER CORP US DOV 25.61 $2,149.71
26151AAA7 DRAX FINCO PLC 6.62500 11/01/2025 GB 102,440.11 $102,696.21
262006208 DREYFUS GVT CSH MANAGEMENT US 1,918,858.97 $1,918,858.97
26875P101 EOG RESOURCES INC US EOG 5,025.2 $180,505.17
2715777 QUEBECOR INC -CL B CA QBR/B CN 873.3 $19,305.35
2801836 SHAW COMMUNICATIONS INC-B CA SJR/B CN 1,674.9 $27,171.09
285512109 ELECTRONIC ARTS US EA 2,909.3 $291,424.49
2866857 LUNDIN MINING CORP CA LUN CN 1,687.7 $6,344.02
291011104 EMERSON ELEC CO US EMR 117.29 $5,589.06
29273RAR0 ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 US 215,124.23 $195,877.39
29373FAB0 EFF 2018 -2 A2 MTGE 3.14000 02/20/2024 US 161,241.11 $160,623.40
29413XAD9 ENVIVA PARTNERS LP/FIN C 6.50000 01/15/2026 US 7,683.01 $7,490.93
29444U700 EQUINIX INC US EQIX 650.49 $406,279.47
29472R108 EQUITY LIFESTYLE PROPERTIES US ELS 363.66 $20,903.31
29476L107 EQUITY RESIDENTIAL US EQR 266.34 $16,436.11
29670E107 ESSENTIAL PROPERTIES REALTY US EPRT 532.18 $6,950.22
297178105 ESSEX PROPERTY TRUST INC US ESS 46.61 $10,265.44
30212P303 EXPEDIA INC US EXPE 3,810.77 $214,432.14
30212PAP0 EXPEDIA INC 3.80000 02/15/2028 US 171,587.18 $148,318.53
302154BV0 EXPORT-IMPORT BANK KOREA 2.62500 12/30/2020 KR 256,100.27 $258,341.15
30225T102 EXTRA SPACE STORAGE INC US EXR 53.78 $5,150.07
30291HAA5 FREMF 2013-K28 X2A 0.10000 06/25/2046 US 12,090,079.81 $27,121.67
30303M102 FACEBOOK INC -A US FB 6,640.68 $1,107,665.42
311900104 FASTENAL CO US FAST 128.05 $4,001.57
3128M5VT4 FHLM POOL G03926 6.00000 02/01/2038 US 14,745.95 $16,972.01
3128M6SU3 FHLM POOL G04731 5.50000 04/01/2038 US 15,657.25 $17,738.49
3128MJ2E9 FHLM POOL FG 08772 4.50000 07/01/2047 US 115,890.12 $125,729.57
3128MJJT8 FHLM POOL G08273 5.50000 06/01/2038 US 19,797.99 $22,422.07
3128P75X7 FHLM POOL C91762 4.50000 05/01/2034 US 54,352.2 $59,689.74
3131YBKP2 FEDERAL NATL MTG ASSN FN ZN4802 4.00000 04/01/2049 US 207,308.89 $220,853.15
3132A5H40 FEDERAL NATL MTG ASSN FR ZS4751 3.50000 01/01/2048 US 274,579.91 $290,955.43
3132QUNJ8 FHLM POOL Q37592 4.00000 12/01/2045 US 130,506.21 $141,082.30
3132Y33P7 FHLM POOL FG Q59805 4.50000 11/01/2048 US 84,233.27 $90,592.73
31335AQ92 FHLM POOL FG G60480 4.50000 11/01/2045 US 270,534.75 $295,079.34
31335CCY8 FHLM POOL FG G61887 MTGE 5.00000 02/01/2049 US 121,326.99 $130,855.43
3136AY6W8 FNA 2017-M15 A1 2.95938 09/25/2027 US 141,519.36 $153,182.86
3136B1YD0 FNR 2018-31 KP 3.50000 07/25/2047 US 98,728.12 $105,561.14
3137A2B34 FHMS K009 X1 FLT 1.25934 08/25/2020 US 933,082.8 $2,479.57
3137AUPF0 FHMS K021 x1 FLT 1.42038 06/25/2022 US 938,306.56 $23,965.57
3137B3NB0 FHMS K030 X1 FLT 0.18047 04/25/2023 US 4,852,601.75 $23,811.72
3137F4YU0 FHR 4791 BA MTGE 4.00000 03/15/2044 US 96,556.98 $100,086.66
3137FG2L8 FHR 4801 BA MTGE 4.50000 05/15/2044 US 77,009.91 $79,378.04
3138EGE26 FEDERAL NATL MTG ASSN AL0152 6.00000 06/01/2040 US 51,062.59 $58,757.57
3138EGHT4 FEDERAL NATL MTG ASSN AL0241 4.00000 04/01/2041 US 76,269.49 $82,449.96
3138EHR87 FEDERAL NATL MTG ASSN AL1410 4.50000 12/01/2041 US 100,964.55 $110,388.19
3138EP2A1 FEDERAL NATL MTG ASSN AL7068 4.50000 09/01/2042 US 116,317.3 $127,090.34
3138EQST0 FEDERAL NATL MTG ASSN AL7729 4.00000 06/01/2043 US 62,229.01 $67,243.72
3138ETT89 FEDERAL NATL MTG ASSN AL8674 FLT 5.64500 01/01/2049 US 129,649.42 $150,478.28
31403DDX4 FEDERAL NATL MTG ASSN 745418 5.50000 04/01/2036 US 35,314.53 $40,018.53
3140F8RB5 FEDERAL NATL MTG ASSN BD1381 3.50000 06/01/2046 US 63,838.33 $67,761.15
3140H2PH5 FEDERAL NATL MATG ASSN FN BJ1323 3.50000 11/01/2047 US 270,055.6 $287,422.42
3140HPMQ7 FEDERAL NATIONAL MTGE FN BK9366 4.50000 08/01/2048 US 42,652.53 $45,883.07
3140Q84E2 FEDERAL NATL MTG ASSN FN CA1720 5.00000 05/01/2048 US 153,782.7 $171,042.99
3140Q9JA2 FEDERAL NATL MTGE ASSN FN CA2056 4.50000 07/01/2048 US 146,953.62 $158,217.73
3140X5PS6 FEDERAL NATL MTG ASSN FN FM2232 4.00000 06/01/2048 US 274,761.89 $294,424.71
31410GCD3 FEDERAL NATL MTG ASSN 888468 5.50000 09/01/2021 US 3,822.36 $3,878.35
31410GN33 FEDERAL NATL MTG ASSN 888810 5.50000 11/01/2022 US 4,283.45 $4,340.58
31417YJC2 FEDERAL NATL MTG ASSN MA0258 4.50000 12/01/2039 US 58,867.27 $64,447.94
31418BBC9 FEDERAL NATL MTG ASSN MA1834 4.50000 02/01/2034 US 41,443.9 $45,499.04
31418BDH6 FEDERAL NATL MTG ASSN MA1903 4.50000 05/01/2034 US 41,126.04 $45,150.63
31418C4M3 FEDERAL NATL MTG ASSN FN MA3527 5.00000 11/01/2048 US 172,260.22 $185,903.23
31418CYJ7 FEDERAL NATL MTG ASSN FN MA3412 3.50000 07/01/2038 US 183,227.25 $194,793.32
31418CZ56 FEDERAL NATL MTG ASSN FN MA3463 4.00000 09/01/2033 US 105,099.03 $110,679.26
31418DNN8 FEDERAL NATL MTG ASSN FN MA3996 2.50000 04/01/2050 US 153,660.16 $157,880.59
315786AC7 FIDELITY & GUARA NTY LIFE 5.50000 05/01/2025 US 15,366.02 $15,178.55
316773100 FIFTH THIRD BANCORP US FITB 146.49 $2,175.37
32054K103 FIRST INDUSTRIAL REALTY TR US FR 197.2 $6,552.86
33834YAA6 FIVE POINT OP CO LP/FIVE 7.87500 11/15/2025 US 7,683.01 $6,607.39
34461LAA2 FONTAINEBLEAU MIAMI BEACH TRUST 3.14400 12/10/2036 US 148,538.16 $138,010.28
346232AE1 FORESTAR GROUP INC 5.00000 03/01/2028 US 7,683.01 $6,379.74
34960PAB7 FORTRESS TRANS & INFRAST 6.50000 10/01/2025 US 15,366.02 $11,255.61
35166FAA0 FOXTROT ESCROW ISSUER 12.25000 11/15/2026 US 12,805.01 $9,987.91
35563BAJ9 FREMF 2014-K37 B FLT 4.55957 01/25/2047 US 163,904.17 $164,881.78
36246MAT6 GTP AQUISITION PARTNERS 2.35000 06/15/2020 US 47,122.45 $47,432.35
369550108 GENERAL DYNAMICS CORP US GD 42.51 $5,624.85
369604BQ5 GENERAL ELECTRIC CO 5.00000 01/21/2021 US 235,612.25 $194,380.10
370334104 GENERAL MLS INC US GIS 107.05 $5,649.02
37185LAL6 GENESIS ENERGY LP/FIN 7.75000 02/01/2028 US 7,683.01 $5,348.91
372460105 GENUINE PARTS CO US GPC 39.95 $2,689.94
374297109 GETTY REALTY CORP US GTY 222.81 $5,289.44
375558103 GILEAD SCIENCES INC US GILD 157.76 $11,793.97
38379RRX3 GNR 2017-54 AH MTGE 2.60000 12/16/2056 US 145,289.11 $147,664.76
384802104 WW GRAINGER INC US GWW 9.22 $2,291.07
388689101 GRAPHIC PACKAGING HOLDING CO US GPK 30,770.45 $375,399.46
38869PAK0 GRAPHIC PACKAGING INTERN 4.75000 04/15/2021 US 7,683.01 $7,589.28
398433AN2 GRIFFON CORPORATION 5.75000 03/01/2028 US 10,244.01 $9,629.37
400506101 GRUPO AEROPORTUARIO PAC-ADR MX PAC 158.78 $8,564.71
40051E202 GRUPO AEROPORTUARIO DEL SURESTE MX ASR 105 $9,884.80
404119BX6 HCA INC 4.12500 06/15/2029 US 240,734.25 $241,148.98
404139AD9 HC2 HOLDINGS INC 11.50000 12/01/2021 US 5,122.01 $4,763.47
416515104 HARTFORD FINL SVCS US HIG 75.29 $2,653.34
421946104 HEALTHCARE REALTY TRUST INC US HR 355.98 $9,942.50
42225P501 HEALTHCARE TRUST OF AMERICA US HTA 197.2 $4,787.95
42250P103 HEALTHPEAK PROPERTIES INC US PEAK 727.32 $17,346.70
427866108 HERSHEY CO/THE US HSY 39.44 $5,225.73
43300A203 HILTON WORLDWIDE HOLDINGS INC US HLT 133.17 $9,087.67
437076102 HOME DEPOT INC US HD 106.03 $19,796.02
438516106 HONEYWELL INTERNATIONAL INC US HON 90.15 $12,060.81
440452100 HORMEL FOODS CORP US HRL 76.32 $3,559.47
44107P104 HOST MARRIOTT CORP US HST 532.69 $5,880.88
450913AE8 IAMGOLD CORP 7.00000 04/15/2025 CA 7,683.01 $7,145.20
452308109 ILLINOIS TOOL WKS INC US ITW 51.73 $7,352.19
45337C102 INCYTE CORP US INCY 1,685.14 $123,402.79
45682RAA8 INFRABUILD AUSTRALIA PTY 12.00000 10/01/2024 AU 7,683.01 $6,107.99
45781V101 INNOVATIVE INDUSTRIAL PROPER US IIPR 122.93 $9,333.93
458140100 INTEL CORP US INTC 411.3 $22,259.40
45866F104 INTERCONTINENTALEXCHANGE INC US ICE 2,269.05 $183,225.66
459200101 INTERNATIONAL BUSINESS MACH CORP US IBM 112.17 $12,443.23
459506101 INTERNATIONAL FLVRS & FRAGRANCES US IFF 18.95 $1,934.56
46187BAA1 IHSFR 2017-SFR2 A 1.65013 12/17/2036 US 42,354.78 $38,440.01
46187BAB9 IHSFR 2017-SFR2 B 1.95013 12/17/2036 US 33,293.04 $29,073.01
46187W107 INVITATION HOMES INC US INVH 1,201.11 $25,667.73
46284PAP9 IRON MOUNTAIN INC 5.75000 08/15/2024 US 10,244.01 $10,192.79
46625H100 JP MORGAN CHASE & CO US JPM 254.05 $22,872.25
46640BAC8 JPMMT 2013-2 A2 3.50000 05/25/2043 US 41,629.3 $42,275.48
46641YAA1 JPMMT 2014-2 1A1 3.00000 06/25/2029 US 53,042.93 $52,603.80
46647PAY2 JPMORGAN CHASE & CO 4.02300 12/05/2024 US 240,734.25 $255,076.31
4741844 MERCK KGAA DE MRK GR 3,533.67 $356,767.20
476405105 JERNIGAN CAPITAL INC US JCAP 650.49 $7,129.42
478160104 JOHNSON & JOHNSON US JNJ 4,571.9 $599,513.51
47987LAA9 JONAH NRG LLC/FINANCE 7.25000 10/15/2025 US 10,244.01 $460.98
482480100 KLA-TENCOR CORPORATION US KLAC 31.76 $4,564.67
487526AB1 KEHE DISTRIBUTORS LLC/FI 8.62500 10/15/2026 US 5,122.01 $5,147.62
49427F108 KILROY REALTY CORP US KRC 446.64 $28,450.90
494368103 KIMBERLY CLARK CORP US KMB 53.78 $6,876.98
494550AW6 KINDER MORGAN ENER PART 6.95000 01/15/2038 US 261,222.28 $271,696.64
501044101 KROGER CO US KR 156.73 $4,720.81
50187TAE6 LGI HOMES INC 6.87500 07/15/2026 US 17,927.02 $15,596.51
505742AD8 LADDER CAP FIN LLLP/CORP 5.87500 08/01/2021 US 12,805.01 $10,756.21
5107401 BEIERSDORF AG DE BEI GR 245.86 $24,755.48
516806AG1 LAREDO PETROLEUM INC 10.12500 01/15/2028 US 7,683.01 $2,919.54
53223X107 LIFE STORAGE INC US LSI 48.66 $4,600.71
532457108 ELI LILLY & CO US LLY 77.34 $10,728.92
539830109 LOCKHEED MARTIN CORP US LMT 34.32 $11,631.89
54238XAC2 LONESTAR RESOURCES AMERICA 11.25000 01/01/2023 US 5,122.01 $934.77
550021109 LULULEMON - ADR CA LULU 1,564.77 $296,602.66
56585A102 MARATHON PETROLEUM CORP US MPC 131.64 $3,109.23
57636Q104 MASTERCARD INC-CLASS A US MA 3,457.35 $835,158.35
58933Y105 MERCK & CO INC US MRK 256.1 $19,704.35
594918104 MICROSOFT CORP US MSFT 3,956.75 $624,018.91
595112103 MICRON TECHNOLOGY INC US MU 10,861.21 $456,822.60
59522J103 MID-AMERICA APARTMENT COMM US MAA 79.39 $8,179.66
60871R209 MOLSON COORS BREWING CO -B US TAP 55.32 $2,157.94
609207105 MONDELEZ INTERNATIONAL INC US MDLZ 8,071.26 $404,208.51
615369105 MOODY'S CORPORATION US MCO 663.3 $140,287.89
61965RAA3 MOSS CREEK RESOURCES HLD 7.50000 01/15/2026 US 5,122.01 $1,485.38
62426EAA3 MOUNTAIN PROVINCE DIAMON 8.00000 12/15/2022 CA 5,122.01 $3,687.84
6253983 ARISTOCRAT LEISURE LTD AU ALL AU 392.86 $5,090.52
6356934 FANUC LTD JP 6954 JP 102.44 $13,688.65
637417106 NATIONAL RETAIL PROPERTIES US NNN 174.15 $5,605.83
63938CAA6 NAVIENT CORP 5.00000 10/26/2020 US 7,683.01 $7,567.76
63938CAH1 NAVIENT CORP 6.75000 06/25/2025 US 5,122.01 $4,712.24
63938EAC8 NAVSL 2014-1 A3 1.45663 06/25/2031 US 134,336.15 $130,186.63
63940YAA4 NAVSL 2019-CA A1 2.82000 02/15/2068 US 70,200.19 $70,231.78
64032XAA3 NSLT 2012-3A A MTGE FLT 1.64663 02/25/2045 US 170,588.09 $162,613.70
64033GAA9 NSLT 2013-5A A MTGE FLT 1.57663 01/25/2037 US 245,306.23 $233,917.30
64110D104 NETAPP INC US NTAP 54.29 $2,263.49
64829DAG1 NRZT 2014-3A AFX3 3.75000 11/25/2054 US 40,080.5 $41,451.42
64829EAA2 NRZT 2015-2A A1 3.75000 08/25/2055 US 53,826.94 $55,464.07
64829LAA6 NRZT 2016-4A A1 3.75000 11/25/2056 US 58,372.41 $60,041.64
6490995 KEYENCE CORP JP 6861 JP 102.44 $32,935.78
65342QAK8 NEXTERA ENERGY OPERATING 4.25000 07/15/2024 US 5,122.01 $4,993.96
65409QBB7 NIELSEN FINANCE LLC/CO 5.00000 04/15/2022 US 10,244.01 $9,443.13
654106103 NIKE INC CLASS B US NKE 2,755.64 $228,001.56
655844108 NORFOLK SOUTHN CORP US NSC 31.76 $4,636.44
6642321 NIKON CORP JP 7731 JP 26,941.75 $247,278.53
66727WAA0 NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 CA 10,244.01 $5,019.57
66987V109 NOVARTIS AG- REG CH NVS 7,659.96 $631,563.63
670346105 NUCOR CORP US NUE 77.34 $2,785.87
67059TAD7 NUSTAR LOGISTICS LP 6.75000 02/01/2021 US 5,122.01 $4,071.99
67066G104 NVIDIA CORP US NVDA 814.4 $214,675.54
67401PAB4 OAKTREE SPECIALTY LEND 3.50000 02/25/2025 US 12,805.01 $11,485.29
6742340 SHANDONG WEIGAO CN 1066 HK 20,488.02 $25,719.79
675232AB8 OCEANEERING INTL INC 6.00000 02/01/2028 US 7,683.01 $2,941.94
6821506 SONY CORP FIRST SECTION JP 6758 JP 717.08 $42,475.26
68245XAE9 1011778 BC / NEW RED FIN 5.00000 10/15/2025 CA 10,244.01 $9,782.93
68389X105 ORACLE CORP US ORCL 238.69 $11,535.67
69144AAA7 OXFIN 2020-1A A2 3.10100 02/15/2028 US 153,660.16 $147,472.27
69318FAH1 PBF HOLDING CO LLC 6.00000 02/15/2028 US 10,244.01 $6,761.05
693456AW5 PMTLT 2013-J1 a9 3.50000 09/25/2043 US 149,209.89 $152,330.41
693475105 PNC FINANCIAL SERVICES GROUP US PNC 49.68 $4,755.70
7021963 DEUTSCHE BOERSE AG DE DB1 GR 243.3 $33,424.92
70450Y103 PAYPAL HOLDINGS INC US PYPL 2,963.08 $283,685.29
7123870 NESTLE SA-REGISTERED CH NESN SW 4,604.68 $471,371.23
713448108 PEPSICO INC US PEP 1,585.26 $190,389.81
717081103 PFIZER INC US PFE 573.15 $18,707.69
719245AD4 PHOTO HOLDINGS MERGER SU 8.50000 10/01/2026 US 7,683.01 $6,223.24
71943U104 PHYSICIANS REALTY TRUST US DOC 599.27 $8,353.89
733174AK2 POPULAR INC 6.12500 09/14/2023 PR 10,244.01 $9,475.71
741503AZ9 BOOKING HOLDINGS INC 3.60000 06/01/2026 US 409,760.43 $399,636.56
74166MAB2 PRIME SECSRVC BRW/FINANC 5.25000 04/15/2024 US 10,244.01 $10,118.93
74166MAC0 PRIME SECSRVC BRW/FINANC 5.75000 04/15/2026 US 5,122.01 $5,019.57
74166MAE6 PRIME SECSRVC BRW/FINANC 6.25000 01/15/2028 US 12,805.01 $11,044.32
74333NAA0 PROGRESS RESIDENTIAL TRUST 3.14700 05/17/2036 US 145,977.15 $144,251.70
74340W103 PROLOGIS US PLD 891.74 $71,669.24
74460D109 PUBLIC STORAGE INC US PSA 128.05 $25,432.04
747525103 QUALCOMM INC US QCOM 112.17 $7,588.43
74834L100 QUEST DIAGNOSTICS INC US DGX 32.78 $2,632.30
750236AW1 RADIAN GROUP INC 4.87500 03/15/2027 US 15,366.02 $15,135.53
755111507 RAYTHEON COMPANY US RTN 35.34 $4,635.08
756109104 REALTY INCOME CORP US O 117.81 $5,873.81
7591EP100 REGIONS FINANCIAL CORP. US RF 218.71 $1,961.83
76131D103 RESTAURANT BRANDS INTERN CA QSR 622.32 $24,911.62
76169C100 REXFORD INDUSTRIAL REALITY IN US REXR 76.83 $3,150.80
7698356 GETINGE AB-B SHS SE GETIB SS 1,257.45 $23,777.31
773903109 ROCKWELL AUTOMATION INC US ROK 22.54 $3,401.03
780259107 ROYAL DUTCH SHELL PLC-ADR B NL RDS/B 1,846.48 $60,306.13
783513203 RYANAIR HOLDINGS - ADR IE RYAAY 6,026.04 $319,922.43
78409V104 S&P GLOBAL INC US SPGI 535.25 $131,162.91
78410G104 SBA COMMUNICATIONS CORP US SBAC 983.43 $265,495.26
78410GAC8 SBA COMMUNICATIONS CORP 3.87500 02/15/2027 US 10,244.01 $10,269.62
78442GQJ8 SLMA 2005-7 A4 FLT 1.94413 10/25/2029 US 138,667.78 $133,230.42
78442PGC4 SLM CORP 5.12500 04/05/2022 US 10,244.01 $8,809.85
78449UAB4 SMB 2020-A A2A MTGE 2.23000 09/15/2037 US 230,490.24 $227,686.79
78470RAC1 SOFI 2016-E A2B 2.49000 01/25/2036 US 121,429.97 $122,087.32
78471DAA5 SCLP 2016-1 A 3.26000 08/25/2025 US 46,475.27 $44,951.14
785592AV8 SABINE PASS LIQUEFACTION 5.87500 06/30/2026 US 343,174.36 $310,504.20
79466L302 SALESFORCE.COM US CRM 2,158.93 $310,842.06
80282KAE6 SANTANDER HOLDINGS USA 4.50000 07/17/2025 US 317,564.33 $323,981.35
806857108 SCHLUMBERGER LTD NL SLB 8,945.58 $120,675.91
808625AA5 SCIENCE APPLICATIONS INT 4.87500 04/01/2028 US 12,805.01 $12,292.81
81141R100 SEA LTD - ADR SG SE 501.96 $22,241.69
81745BAB1 SEMT 2013-6 A2 3.00000 05/25/2043 US 124,032.47 $124,439.57
81745EAA7 SEMT 2013-8 A1 3.00000 06/25/2043 US 60,280.18 $60,337.94
81745MAA9 SEMT 2013-2 1.87400 02/25/2043 US 47,039.65 $44,839.46
81746FAU9 SEMT 2017-6 A19 MTGE 3.50000 09/25/2047 US 269,408.68 $273,114.61
81748MAA6 SEMT 2020-1 A1 3.50000 02/25/2050 US 196,624.5 $200,244.61
81762P102 SERVICENOW INC US NOW 676.1 $193,758.09
828806109 SIMON PROPERTY GROUP INC US SPG 179.27 $9,834.76
832696405 JM SMUCKER CO/THE-NEW COM WI US SJM 28.68 $3,183.84
83401BAA4 SOFI 2017-F A1FX 2.05000 01/25/2041 US 3,370.17 $3,366.50
83401BAB2 SOFI 2017-F A2FX 2.84000 01/25/2041 US 38,415.04 $37,750.98
83404YAA1 SCLP 2016-5 A 3.06000 09/25/2028 US 21,628.08 $21,226.12
83405TAA1 SCLP 2019-3 A MTGE 2.90000 05/25/2028 US 89,744.9 $86,947.55
83406CAA7 SCLP 2019-2 A MTGE 3.01000 04/25/2028 US 69,984.38 $67,886.21
83406EAB1 SOFI 2018-A A2A 2.39000 02/25/2042 US 20,463.79 $20,465.59
83406TAB8 SOFI 2020-A A2FX MTGE 2.54000 05/15/2046 US 110,123.12 $106,507.36
835699307 SONY CORP SPONSORED ADR JP SNE 8,525.58 $504,543.70
84265VAD7 SOUTHERN COPPER CORP 5.37500 04/16/2020 US 286,832.3 $285,399.12
85172FAN9 SPRINGLEAF FINANCE CORP 7.12500 03/15/2026 US 10,244.01 $10,141.57
852061AR1 SPRINT COMMUNICATIONS 7.00000 08/15/2020 US 10,244.01 $10,250.16
85207UAE5 SPRINT CORP 7.25000 09/15/2021 US 5,122.01 $5,279.25
85207UAH8 SPRINT CORP 7.12500 06/15/2024 US 7,683.01 $8,433.25
85254J102 STAG INDUSTRIAL INC US STAG 307.32 $6,920.85
855030AN2 STAPLES INC 7.50000 04/15/2026 US 10,244.01 $9,053.14
85571BAP0 STARWOOD PROPERTY TRUST 3.62500 02/01/2021 US 15,366.02 $14,368.76
85571XAA5 SRPT 2014-STAR A FLTG RATE 2.17463 11/15/2027 US 155,262.75 $144,917.63
862121100 STORE CAPITAL CORP US STOR 425.13 $7,703.29
866674104 SUN COMMUNITIES US SUI 271.47 $33,892.57
867892101 SUNSTONE HOTEL INVESTORS INC US SHO 435.37 $3,792.08
86935CAA0 SCML 2019-SBC8 2.86000 04/25/2041 US 126,938.14 $126,830.12
871829107 SYSCO CORP US SYY 86.56 $3,949.82
872540AR0 TJX COS INC 3.50000 04/15/2025 US 194,636.21 $198,950.91
87854WAA1 TECHNIPLAS LLC 10.00000 05/01/2020 US 5,122.01 $3,508.57
88032WAN6 TENCENT HOLDINGS 3.97500 04/11/2029 KY 235,612.25 $262,884.69
88146M101 TERRENO REALTY CORP US TRNO 58.9 $3,048.23
882508104 TEXAS INSTRUMENTS INC US TXN 119.85 $11,977.10
883556102 THERMO FISHER SCIENTIFIC INC US TMO 681.23 $193,195.90
88579Y101 3M CO US MMM 77.34 $10,557.99
89151E109 TOTAL S A SPONSORED ADR FR TOT 6,358.97 $236,808.03
89173CAA5 TPMT 2016-5 A1 2.50000 10/25/2056 US 93,112.99 $91,488.78
89173FAA8 TPMT 2017-1 A1 2.75000 10/25/2056 US 90,520.88 $90,561.53
89177EAA7 TPMT 2019-HY1 A1 1.94663 10/25/2048 US 79,618.75 $78,106.86
892231AA9 TOWNSQUARE MEDIA INC 6.50000 04/01/2023 US 15,366.02 $14,751.38
89417E109 TRAVELLERS COS INC US TRV 41.49 $4,121.86
89613BAA5 TAH 2016-SFR1 A 2.58900 11/17/2033 US 113,442.61 $111,521.02
89613FAA6 TAH 2017-SFR2 A 2.92800 01/17/2036 US 122,580.38 $120,323.85
89832Q109 TRUIST FINANCIAL CORP US TFC 212.56 $6,555.45
901109AF5 TUTOR PERINI CORP 6.87500 05/01/2025 US 12,805.01 $10,628.16
902494103 TYSON FOODS INC -CL A US TSN 67.61 $3,912.62
902653104 UDR INC US UDR 222.81 $8,141.38
902973304 U.S. BANCORP US USB 221.78 $7,640.42
904767704 UNILEVER PLC - ADR GB UL 12,436.23 $628,900.11
907818108 UNION PAC CORP US UNP 85.54 $12,064.21
912810FS2 TSY INFL IX N/B 2.00000 01/15/2026 US 1,131,745.51 $1,258,870.96
912810QV3 UNITED STATES TREAS INFL INDEX 0.75000 02/15/2042 US 270,567.93 $303,017.59
912810RK6 US TREASURY N/B 2.50000 02/15/2045 US 415,906.84 $520,029.77
912810RX8 US TREASURY N/B 3.00000 05/15/2047 US 502,980.93 $697,218.02
9128286N5 TSY INFL IX N/B 0.50000 04/15/2024 US 840,866.44 $853,012.73
912828D56 US TREASURY N/B 2.37500 08/15/2024 US 2,245,999.37 $2,442,261.10
912828K33 UNITED STATES TREAS INFL INDEX 0.12500 04/15/2020 US 746,144.35 $746,908.42
912828YN4 US TREASURY FRN 0.42504 10/31/2021 US 2,335,634.46 $2,342,371.48
913017109 UNITED TECHNOLOGIES CORP US UTX 107.05 $10,098.02
91704F104 URBAN EDGE PROPERTIES US UE 514.76 $4,535.05
918204108 VF CORP US VFC 79.9 $4,321.17
91911KAK8 BAUSCH HEALTH COS INC 7.00000 03/15/2024 CA 10,244.01 $10,435.98
91913Y100 VALERO ENERGY US VLO 77.85 $3,531.48
92276F100 VENTAS INC US VTR 131.64 $3,527.83
92339V100 VEREIT INC US VER 991.11 $4,846.52
92343VDU5 VERIZON COMMUNICATIONS 5.25000 03/16/2037 US 404,638.43 $513,939.49
92826C839 VISA INC - CLASS A SHARES US V 4,553.46 $733,653.93
92840JAA7 VISTAJET MALTA/XO MGMT 10.50000 06/01/2024 MUL 7,683.01 $6,213.63
92840VAB8 VISTRA OPERATIONS CO LLC 5.62500 02/15/2027 US 10,244.01 $10,564.14
93065PAA9 WBHT 2019-WBM A FLT 1.75463 12/15/2033 US 105,001.11 $90,455.27
931142103 WAL MART STORES US WMT 211.03 $23,976.84
94106L109 WASTE MANAGEMENT INC US WM 70.68 $6,542.48
94856UAA9 WEEKLEY HOMES LLC/ FINAN 6.62500 08/15/2025 US 7,683.01 $6,914.71
949746101 WELLS FARGO COMPANY US WFC 473.79 $13,597.64
95040Q104 WELLTOWER INC. US WELL 289.91 $13,271.87
962178AN9 TRI POINTE GROUP / HOMES 5.87500 06/15/2024 US 7,683.01 $7,137.36
966387AH5 WHITING PETROLEUM CORP 5.75000 03/15/2021 US 7,683.01 $516.30
96949LAD7 WILLIAMS PARTNERS LP 3.75000 06/15/2027 US 245,856.26 $225,212.78
97651JAE6 WINWATER MORTGAGE LOAN TRUST 3.50000 03/20/2045 US 24,346.23 $24,134.89
98311A105 WYNDHAM HOTELS & RESORTS INC US WH 184.39 $5,810.20
983793AD2 XPO LOGISTICS INC 6.50000 06/15/2022 US 10,244.01 $10,269.62
B02J639 ADMIRAL GROUP PLC GB ADM LN 2,061.61 $56,776.80
B1KFX13 GRUPO AEROPORTUARIO DEL CENT MX OMAB MM 2,663.44 $9,013.43
B1Y47Y7 GERRESHEIMER AG DE GXI GR 363.66 $22,931.99
B1Y9TB3 DANONE FR BN FP 586.47 $37,533.05
B3QJ0H8 TOURMALINE OIL CORP CA TOU CN 2,840.15 $17,436.87
B3ZD2V9 MEX BONOS DESARR FIX RT 6.50000 06/10/2021 MX 276,588.29 $11,663.87
B4888C1 CANADIAN GOVERNMENT FLT 2.75000 06/01/2022 CA 34,317.44 $25,580.43
B4NDCC9 MEX BONOS DESARR FIX RT 6.50000 06/09/2022 MX 450,224.27 $19,015.60
B4YVF56 BRENNTAG AG DE BNR GR 581.35 $21,121.62
B615Y14 MEX BONOS DESARR FIX RT 8.00000 06/11/2020 MX 685,324.32 $28,941.79
B63QM77 NEXON CO LTD JP 3659 JP 48,008.56 $784,500.23
B6TC406 MEX BONOS DESARR FIX RT 7.75000 05/29/2031 MX 86,561.89 $3,741.36
B7KR2P8 EASY JET PLC GB EZJ LN 30,004.71 $207,918.96
BBG00S178J65 SNE US 04/09/20 JP -19.98 -$1,997.58
BBG00S4P5V77 FB US 04/03/20 US -8.71 -$200.27
BBQ3850 KEYWORDS STUDIOS PLC IE KWS LN 466.1 $8,250.76
BD3HF92 BSR REAL ESTATE INVESTMENT CA HOM/U CN 407.2 $3,563.00
BGHQ198 HIBERNIA REIT PLC IE HBRN ID 5,352.5 $6,174.76
BGJW376 MEITUAN DIANPING - CLASS B CN 3690 HK 665.86 $7,937.89
BJ2KSG2 AKZO NOBEL NL AKZA NA 322.69 $21,222.68
BMMV2K8 TENCENT HOLDINGS LTD CN 700 HK 9,562.78 $472,665.59
BMTRW10 B&M EUROPEAN VALUE RETAIL SA GB BME LN 6,195.07 $21,039.74
BNGN9Z1 FINECOBANK SPA IT FBK IM 3,990.04 $35,898.78
BP9DL90 INDUSTRIA DE DISENO TEXTIL ES ITX SM 1,119.16 $29,001.49
BVYVFW2 AUTO TRADER GROUP PLC GB AUTO LN 2,768.44 $14,960.07
BYYHL23 ANHEUSER-BUSCH INBEV SA/NV BE ABI BB 7,785.45 $343,882.58
BZ0VW78 BINGO INDUSTRIES LTD AU BIN AU 12,866.48 $15,093.38
BZ1HM42 ADYEN NV NL ADYEN NA 12.81 $10,882.92
G0772R208 BANK OF N.T. BUTTERFIELD&SON BM NTB 893.79 $15,221.24
G1151C101 ACCENTURE PLC - CL A IE ACN 186.44 $30,438.36
G29183103 EATON CORP PLC US ETN 75.29 $5,849.55
G51502105 JOHNSON CONTROLS INTERNATIONAL US JCI 165.44 $4,460.28
G5494J103 LINDE PLC GB LIN 49.68 $8,595.24
G5960L103 MEDTRONIC INC IE MDT 2,705.96 $244,023.06
G8994E103 TRANE TECHNOLOGIES IE TT 37.9 $3,130.40
G97822103 PERRIGO CO PLC IE PRGO 499.4 $24,015.93
H01301128 ALCON INC CH ALC 4,255.36 $216,257.50
H1467J104 CHUBB LTD CH CB 61.46 $6,864.92
H2906T109 GARMIN LTD CH GRMN 32.27 $2,418.86
N53745100 LYONDELLBASELL INDU-CL A US LYB 74.78 $3,711.39

Based on the investments of the underlying fund(s): Manning & Napier Pro-Mix® Moderate Term CIT Fund. 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 2020 Series Class K Distribution History
  • 2020 Distribution Calendar
  • Fourth Quarter 2019 Distributions
  • Third Quarter 2019 Distributions
  • Second Quarter 2019 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

$10.08

Daily $ Change

$0.09

Daily % Change

0.89%

as of 04/09/2020

Ticker

MTNKX

CUSIP

56382P872

Inception Date

03/28/2008

Investment Minimum

$2,000.00

Investment minimum may be waived for certain qualified retirement plans and participants in an automatic investment program.

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 growth and manage risk for investors planning to retire (or meet another investment goal) in or around the year indicated in the fund’s name.

Investment Strategy

Currently: The portfolio is currently invested in a moderately conservative mix of investments that seeks a more stable rate of growth than that of the stock market by placing a greater emphasis on bonds to help maintain stability. The portfolio is diversified primarily among fixed income securities, with a focus on intermediate maturities Stock exposure can range from 20% - 60%.

Over Time: The portfolio’s investment mix will gradually become more conservative as the target date approaches and for several years after the target date. During the target year, the portfolio’s stock exposure can range from 20% - 60%. At five years after the target date and beyond, the focus will be on capital preservation, and stock exposure can range from 15% - 45%.

May be Appropriate for Investors

  • Who plan to stop contributions and start periodic withdrawals around the year 2020
  • Who currently have a moderate tolerance for risk and can accept fluctuations in current 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 03/31/2020

YTD

-5.64%

1 Year

2.51%

3 Year

4.13%

5 Year

3.04%

10 Year

5.40%

Inception
(03/28/2008)

4.66%

Market Cycle

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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 1.17%
Net 0.95%*

*Includes acquired fund fees and expenses of the underlying Series, and a 12b-1 fee of 0.25%. Up to 0.25% of the 12b-1 fee 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 prior to the expiration date (02/29/2028) without the approval of the Fund's Board of Directors.

Top Ten Investments

As of 03/31/2020

TREASURY NOTES 9.46%
GOVERNMENT AGENCY 7.69%
TSY INFL IX N/B 2.00000 01/15/2026 2.49%
TREASURY BONDS 2.41%
FACEBOOK INC -A 2.19%
BOOKING HOLDINGS INC 1.73%
TSY INFL IX N/B 0.50000 04/15/2024 1.69%
MASTERCARD INC-CLASS A 1.65%
AMAZON.COM INC 1.60%
NEXON CO LTD 1.55%

Top Ten Investments list is unaudited and excludes cash

Asset Allocation

As of 03/31/2020

Bonds
51.47%
Stocks
44.87%
Cash
3.66%

Detailed Asset Class Allocation

As of 03/31/2020

International Equities
14.16%
Small Capitalization
0.16%
Mid Capitalization
2.34%
Large Capitalization
28.21%
Long Term Fixed Income
15.51%
Intermediate Term Fixed Income
28.08%
Short Term Fixed Income
7.88%
Cash
3.66%

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

March Fund Holdings

As of 03/31/2020

CUSIP Security Description Country Ticker Shares/Par Market Value (USD)
00101JAK2 ADT SEC CORP 6.25000 10/15/2021 US 5,122.01 $5,006.76
00206RDQ2 AT&T INC 4.25000 03/01/2027 US 307,320.32 $326,426.01
00287Y109 ABBVIE INC US ABBV 175.68 $13,385.42
004239109 ACADIA REALTY TRUST US AKR 389.27 $4,823.09
00489LAA1 ACRISURE LLC / FIN INC 7.00000 11/15/2025 US 5,122.01 $4,404.92
00507V109 ACTIVISION INC US ATVI 5,992.75 $356,448.55
00774MAG0 AERCAP IRELAND CAP / GLOBA 4.45000 10/01/2025 IE 271,466.29 $229,837.13
00791GAA5 AG MERGER SUB II INC 10.75000 08/01/2027 US 7,683.01 $6,684.22
008492100 AGREE REALTY CORP US ADC 105 $6,499.57
00912XBA1 AIR LEASE CORP 3.25000 03/01/2025 US 12,805.01 $10,035.67
013092AC5 ALBERTSONS COS/SAFEWAY 4.62500 01/15/2027 US 10,244.01 $10,192.79
015271109 ALEXANDRIA REAL EST EQUITIES US ARE 38.42 $5,265.17
01609W102 ALIBABA GROUP - ADR CN BABA 1,147.33 $223,132.58
01609WAT9 ALIBABA GROUP HOLDING 3.40000 12/06/2027 KY 240,734.25 $252,345.87
020002101 ALLSTATE CORPORATION US ALL 51.73 $4,745.40
02005NBF6 ALLY FINANCIAL INC 5.75000 11/20/2025 US 10,244.01 $10,020.69
02079K107 ALPHABET INC-CL C US GOOG 448.18 $521,142.92
02079K305 ALPHABET INC-CL A US GOOGL 453.3 $526,709.00
02154CAE3 ALTICE FINANCING SA 7.50000 05/15/2026 LU 10,244.01 $9,925.42
023135106 AMAZON.COM INC US AMZN 414.88 $808,904.59
02319V103 AMBEV SA-ADR BR ABEV 5,311.52 $12,216.50
0237400 DIAGEO PLC GB DGE LN 6,177.14 $195,873.67
024835100 AMERICAN CAMPUS COMMUNITIES US ACC 384.15 $10,660.17
02665T306 AMERICAN HOMES 4 RENT- A US AMH 819.52 $19,012.88
03019LAA4 AMERICAN TANKER INC 9.25000 02/22/2022 US 7,683.01 $6,914.73
03027X100 AMERICAN TOWER REIT INC US AMT 1,080.74 $235,331.82
03027XAW0 AMERICAN TOWER CORP 3.80000 08/15/2029 US 317,564.33 $321,470.37
03064D108 AMERICOLD REALTY TRUST US COLD 594.15 $20,224.96
032654105 ANALOG DEVICES INC US ADI 48.66 $4,362.28
03690AAD8 ANTERO MIDSTREAM PART / FI 5.75000 03/01/2027 US 5,122.01 $3,278.08
03690AAF3 ANTERO MIDSTREAM PART/FI 5.75000 01/15/2028 US 5,122.01 $3,278.08
03748R754 APARTMENT INVT & MGMT CO -A US AIV 406.69 $14,295.06
039483102 ARCHER-DANIELS-MIDLAND CO US ADM 104.49 $3,675.92
045086AF2 ASHTON WOODS USA/FINANCE 6.75000 08/01/2025 US 5,122.01 $4,097.60
053015103 AUTOMATIC DATA PROCESSING US ADP 46.1 $6,300.68
053484101 AVALONBAY COMMUNITIES INC US AVB 171.59 $25,252.49
05401AAJ0 AVOLON HOLDINGS FNDG LTD 3.25000 02/15/2027 KY 148,538.16 $116,488.46
055622104 BP PLC-SPONS ADR GB BP 2,658.32 $64,836.44
05722G100 BAKER HUGHES CO US BKR 217.17 $2,280.32
060505104 BANK OF AMERICA CORP US BAC 768.3 $16,311.03
06051GFM6 BANK OF AMERICA CORP 4.00000 01/22/2025 US 476,346.5 $501,302.85
084670702 BERKSHIRE HATHAWAY INC-CL B US BRK/B 2,158.93 $394,716.31
086516101 BEST BUY INC US BBY 58.39 $3,328.28
09061G101 BIOMARIN PHARMACEUTICAL INC US BMRN 3,103.94 $262,282.53
0946580 WEIR GROUP PLC/THE GB WEIR LN 1,610.87 $14,327.26
09857L108 BOOKING HOLDINGS INC US BKNG 650.49 $875,123.51
101121101 BOSTON PROPERTIES INC US BXP 181.32 $16,723.05
105368203 BRANDYWINE REALTY TRUST US BDN 919.4 $9,672.09
110122108 BRISTOL MYERS SQUIBB CO US BMY 237.66 $13,247.23
11680JAA0 BRUIN E&P PARTNERS LLC 8.87500 08/01/2023 US 20,488.02 $1,434.16
1248EPCE1 CCO HLDGS LLC/CAP CORP 4.50000 08/15/2030 US 5,122.01 $5,019.57
12503M108 CBOE GLOBAL MARKETS INC US CBOE 3,078.33 $274,740.53
12510GAB8 CCG 2019-1 A2 2.80000 09/14/2026 US 256,509.82 $259,771.47
12527GAC7 CF INDUSTRIES 3.45000 06/01/2023 US 10,244.01 $10,065.46
12541W209 C.H. ROBINSON WORLDWIDE INC US CHRW 38.93 $2,576.98
12555DAA3 CIM 2019-INV1 A1 4.00000 02/25/2049 US 46,225.21 $45,761.76
12572Q105 CME GROUP INC US CME 1,050.01 $181,557.42
12646WAH7 CSMC 2013-IVR2 A2 3.00000 04/25/2043 US 216,375.89 $217,426.55
12646XAH5 CSMC 2013-IVR3 A1 2.50000 05/25/2043 US 72,228.02 $68,778.68
12647PAK4 CSMC 2013-7 A6 3.50000 08/25/2043 US 267,527.14 $273,601.32
12648TAA7 CSMC 2014-IVR3 A1 3.50000 07/25/2044 US 113,978.83 $112,882.04
127097103 CABOT OIL & GAS CORP US COG 24,375.62 $419,016.97
131477AT8 CALUMET SPECIALTY PROD 11.00000 04/15/2025 US 7,683.01 $5,534.45
133131102 CAMDEN PROPERTY TRUST US CPT 258.66 $20,496.32
13321L108 CAMECO CORP CA CCJ 2,968.2 $22,677.06
14180LAA4 CARGO AIRCRAFT MANAGEMENT 4.75000 02/01/2028 US 15,366.02 $14,251.98
143905AN7 CARRIAGE SERVICES INC 6.62500 06/01/2026 US 10,244.01 $10,064.74
149123101 CATERPILLAR INC US CAT 80.42 $9,331.41
14980AAA0 CAZENOVIA CREEK FUNDING LLC 3.56070 07/15/2030 US 69,074.69 $66,157.62
156700AW6 CENTURYLINK INC 5.62500 04/01/2020 US 5,122.01 $5,122.01
16119P108 CHARTER COMMUNICATIONS INC-A US CHTR 309.88 $135,204.32
165183BB9 CFII 2017-4A A1 2.12000 11/15/2029 US 130,002.46 $129,196.50
166764100 CHEVRON CORP US CVX 2,502.1 $181,302.14
172062101 CINCINNATI FINANCIAL CORP US CINF 28.68 $2,164.15
17275R102 CISCO SYSTEMS INC US CSCO 444.59 $17,476.84
172967424 CITIGROUP INC US C 231 $9,729.82
172967EW7 CITIGROUP INC 8.12500 07/15/2039 US 133,172.14 $208,886.88
191216100 COCA COLA CO/THE US KO 10,484.75 $463,949.97
194162103 COLGATE-PALMOLIVE CO US CL 124.46 $8,259.48
20030N101 COMCAST CORP-CL A US CMCSA 349.83 $12,027.26
20030NCY5 COMCAST CORP 3.25000 11/01/2039 US 250,978.26 $259,080.81
20268CAA6 CBSLT 2019-AGS A1 MTGE 2.54000 01/25/2047 US 166,675.61 $168,487.27
20369C106 COMMUNITY HEALTHCARE TRUST I US CHCT 309.88 $11,862.26
20451NAG6 COMPASS MINERALS INTERNA 6.75000 12/01/2027 US 7,683.01 $6,935.84
205887102 CONAGRA BRAND INC. US CAG 111.15 $3,261.07
20825C104 CONOCOPHILLIPS US COP 5,686.45 $175,142.67
21036P108 CONSTELLATION BRANDS INC-A US STZ 25.61 $3,671.45
222795502 COUSINS PROPERTIES INC US CUZ 619.76 $18,140.45
225310AN1 CREDIT ACCEPTANC 5.12500 12/31/2024 US 5,122.01 $4,661.02
22534GAA1 CAALT 2020-1A 2.01000 02/15/2029 US 179,270.19 $166,315.80
22822V101 CROWN CASTLE INTL CORP US CCI 112.68 $16,271.59
22822VAN1 CROWN CASTLE INTL CORP 3.10000 11/15/2029 US 15,366.02 $14,719.76
22944PAA5 CSMC 2013-TH1 A1 2.13000 02/25/2043 US 50,115.03 $47,277.04
231021106 CUMMINS INC US CMI 31.76 $4,297.28
23110AAA4 CUMULUS MEDIA NEW HLDGS 6.75000 07/01/2026 US 17,927.02 $16,044.68
2347608 FIRST QUANTUM MINERALS LTD CA FM CN 1,349.65 $6,895.45
253868103 DIGITAL REALTY TRUST INC US DLR 258.66 $35,930.64
254687106 WALT DISNEY CO/THE US DIS 2,128.19 $205,583.47
254709AP3 DISCOVER FINANCIAL SVS 4.50000 01/30/2026 US 10,244.01 $10,448.68
25470DAT6 DISCOVERY COMMUNICATIONS 5.20000 09/20/2047 US 281,710.3 $283,843.78
256746108 DOLLAR TREE STORES INC US DLTR 2,335.63 $171,599.06
25787GAC4 DONNELLEY FINANCIAL SOL 8.25000 10/15/2024 US 20,488.02 $19,258.74
25960P109 DOUGLAS EMMETT INC US DEI 404.64 $12,345.52
260003108 DOVER CORP US DOV 25.61 $2,149.71
26151AAA7 DRAX FINCO PLC 6.62500 11/01/2025 GB 102,440.11 $102,696.21
262006208 DREYFUS GVT CSH MANAGEMENT US 1,918,858.97 $1,918,858.97
26875P101 EOG RESOURCES INC US EOG 5,025.2 $180,505.17
2715777 QUEBECOR INC -CL B CA QBR/B CN 873.3 $19,305.35
2801836 SHAW COMMUNICATIONS INC-B CA SJR/B CN 1,674.9 $27,171.09
285512109 ELECTRONIC ARTS US EA 2,909.3 $291,424.49
2866857 LUNDIN MINING CORP CA LUN CN 1,687.7 $6,344.02
291011104 EMERSON ELEC CO US EMR 117.29 $5,589.06
29273RAR0 ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 US 215,124.23 $195,877.39
29373FAB0 EFF 2018 -2 A2 MTGE 3.14000 02/20/2024 US 161,241.11 $160,623.40
29413XAD9 ENVIVA PARTNERS LP/FIN C 6.50000 01/15/2026 US 7,683.01 $7,490.93
29444U700 EQUINIX INC US EQIX 650.49 $406,279.47
29472R108 EQUITY LIFESTYLE PROPERTIES US ELS 363.66 $20,903.31
29476L107 EQUITY RESIDENTIAL US EQR 266.34 $16,436.11
29670E107 ESSENTIAL PROPERTIES REALTY US EPRT 532.18 $6,950.22
297178105 ESSEX PROPERTY TRUST INC US ESS 46.61 $10,265.44
30212P303 EXPEDIA INC US EXPE 3,810.77 $214,432.14
30212PAP0 EXPEDIA INC 3.80000 02/15/2028 US 171,587.18 $148,318.53
302154BV0 EXPORT-IMPORT BANK KOREA 2.62500 12/30/2020 KR 256,100.27 $258,341.15
30225T102 EXTRA SPACE STORAGE INC US EXR 53.78 $5,150.07
30291HAA5 FREMF 2013-K28 X2A 0.10000 06/25/2046 US 12,090,079.81 $27,121.67
30303M102 FACEBOOK INC -A US FB 6,640.68 $1,107,665.42
311900104 FASTENAL CO US FAST 128.05 $4,001.57
3128M5VT4 FHLM POOL G03926 6.00000 02/01/2038 US 14,745.95 $16,972.01
3128M6SU3 FHLM POOL G04731 5.50000 04/01/2038 US 15,657.25 $17,738.49
3128MJ2E9 FHLM POOL FG 08772 4.50000 07/01/2047 US 115,890.12 $125,729.57
3128MJJT8 FHLM POOL G08273 5.50000 06/01/2038 US 19,797.99 $22,422.07
3128P75X7 FHLM POOL C91762 4.50000 05/01/2034 US 54,352.2 $59,689.74
3131YBKP2 FEDERAL NATL MTG ASSN FN ZN4802 4.00000 04/01/2049 US 207,308.89 $220,853.15
3132A5H40 FEDERAL NATL MTG ASSN FR ZS4751 3.50000 01/01/2048 US 274,579.91 $290,955.43
3132QUNJ8 FHLM POOL Q37592 4.00000 12/01/2045 US 130,506.21 $141,082.30
3132Y33P7 FHLM POOL FG Q59805 4.50000 11/01/2048 US 84,233.27 $90,592.73
31335AQ92 FHLM POOL FG G60480 4.50000 11/01/2045 US 270,534.75 $295,079.34
31335CCY8 FHLM POOL FG G61887 MTGE 5.00000 02/01/2049 US 121,326.99 $130,855.43
3136AY6W8 FNA 2017-M15 A1 2.95938 09/25/2027 US 141,519.36 $153,182.86
3136B1YD0 FNR 2018-31 KP 3.50000 07/25/2047 US 98,728.12 $105,561.14
3137A2B34 FHMS K009 X1 FLT 1.25934 08/25/2020 US 933,082.8 $2,479.57
3137AUPF0 FHMS K021 x1 FLT 1.42038 06/25/2022 US 938,306.56 $23,965.57
3137B3NB0 FHMS K030 X1 FLT 0.18047 04/25/2023 US 4,852,601.75 $23,811.72
3137F4YU0 FHR 4791 BA MTGE 4.00000 03/15/2044 US 96,556.98 $100,086.66
3137FG2L8 FHR 4801 BA MTGE 4.50000 05/15/2044 US 77,009.91 $79,378.04
3138EGE26 FEDERAL NATL MTG ASSN AL0152 6.00000 06/01/2040 US 51,062.59 $58,757.57
3138EGHT4 FEDERAL NATL MTG ASSN AL0241 4.00000 04/01/2041 US 76,269.49 $82,449.96
3138EHR87 FEDERAL NATL MTG ASSN AL1410 4.50000 12/01/2041 US 100,964.55 $110,388.19
3138EP2A1 FEDERAL NATL MTG ASSN AL7068 4.50000 09/01/2042 US 116,317.3 $127,090.34
3138EQST0 FEDERAL NATL MTG ASSN AL7729 4.00000 06/01/2043 US 62,229.01 $67,243.72
3138ETT89 FEDERAL NATL MTG ASSN AL8674 FLT 5.64500 01/01/2049 US 129,649.42 $150,478.28
31403DDX4 FEDERAL NATL MTG ASSN 745418 5.50000 04/01/2036 US 35,314.53 $40,018.53
3140F8RB5 FEDERAL NATL MTG ASSN BD1381 3.50000 06/01/2046 US 63,838.33 $67,761.15
3140H2PH5 FEDERAL NATL MATG ASSN FN BJ1323 3.50000 11/01/2047 US 270,055.6 $287,422.42
3140HPMQ7 FEDERAL NATIONAL MTGE FN BK9366 4.50000 08/01/2048 US 42,652.53 $45,883.07
3140Q84E2 FEDERAL NATL MTG ASSN FN CA1720 5.00000 05/01/2048 US 153,782.7 $171,042.99
3140Q9JA2 FEDERAL NATL MTGE ASSN FN CA2056 4.50000 07/01/2048 US 146,953.62 $158,217.73
3140X5PS6 FEDERAL NATL MTG ASSN FN FM2232 4.00000 06/01/2048 US 274,761.89 $294,424.71
31410GCD3 FEDERAL NATL MTG ASSN 888468 5.50000 09/01/2021 US 3,822.36 $3,878.35
31410GN33 FEDERAL NATL MTG ASSN 888810 5.50000 11/01/2022 US 4,283.45 $4,340.58
31417YJC2 FEDERAL NATL MTG ASSN MA0258 4.50000 12/01/2039 US 58,867.27 $64,447.94
31418BBC9 FEDERAL NATL MTG ASSN MA1834 4.50000 02/01/2034 US 41,443.9 $45,499.04
31418BDH6 FEDERAL NATL MTG ASSN MA1903 4.50000 05/01/2034 US 41,126.04 $45,150.63
31418C4M3 FEDERAL NATL MTG ASSN FN MA3527 5.00000 11/01/2048 US 172,260.22 $185,903.23
31418CYJ7 FEDERAL NATL MTG ASSN FN MA3412 3.50000 07/01/2038 US 183,227.25 $194,793.32
31418CZ56 FEDERAL NATL MTG ASSN FN MA3463 4.00000 09/01/2033 US 105,099.03 $110,679.26
31418DNN8 FEDERAL NATL MTG ASSN FN MA3996 2.50000 04/01/2050 US 153,660.16 $157,880.59
315786AC7 FIDELITY & GUARA NTY LIFE 5.50000 05/01/2025 US 15,366.02 $15,178.55
316773100 FIFTH THIRD BANCORP US FITB 146.49 $2,175.37
32054K103 FIRST INDUSTRIAL REALTY TR US FR 197.2 $6,552.86
33834YAA6 FIVE POINT OP CO LP/FIVE 7.87500 11/15/2025 US 7,683.01 $6,607.39
34461LAA2 FONTAINEBLEAU MIAMI BEACH TRUST 3.14400 12/10/2036 US 148,538.16 $138,010.28
346232AE1 FORESTAR GROUP INC 5.00000 03/01/2028 US 7,683.01 $6,379.74
34960PAB7 FORTRESS TRANS & INFRAST 6.50000 10/01/2025 US 15,366.02 $11,255.61
35166FAA0 FOXTROT ESCROW ISSUER 12.25000 11/15/2026 US 12,805.01 $9,987.91
35563BAJ9 FREMF 2014-K37 B FLT 4.55957 01/25/2047 US 163,904.17 $164,881.78
36246MAT6 GTP AQUISITION PARTNERS 2.35000 06/15/2020 US 47,122.45 $47,432.35
369550108 GENERAL DYNAMICS CORP US GD 42.51 $5,624.85
369604BQ5 GENERAL ELECTRIC CO 5.00000 01/21/2021 US 235,612.25 $194,380.10
370334104 GENERAL MLS INC US GIS 107.05 $5,649.02
37185LAL6 GENESIS ENERGY LP/FIN 7.75000 02/01/2028 US 7,683.01 $5,348.91
372460105 GENUINE PARTS CO US GPC 39.95 $2,689.94
374297109 GETTY REALTY CORP US GTY 222.81 $5,289.44
375558103 GILEAD SCIENCES INC US GILD 157.76 $11,793.97
38379RRX3 GNR 2017-54 AH MTGE 2.60000 12/16/2056 US 145,289.11 $147,664.76
384802104 WW GRAINGER INC US GWW 9.22 $2,291.07
388689101 GRAPHIC PACKAGING HOLDING CO US GPK 30,770.45 $375,399.46
38869PAK0 GRAPHIC PACKAGING INTERN 4.75000 04/15/2021 US 7,683.01 $7,589.28
398433AN2 GRIFFON CORPORATION 5.75000 03/01/2028 US 10,244.01 $9,629.37
400506101 GRUPO AEROPORTUARIO PAC-ADR MX PAC 158.78 $8,564.71
40051E202 GRUPO AEROPORTUARIO DEL SURESTE MX ASR 105 $9,884.80
404119BX6 HCA INC 4.12500 06/15/2029 US 240,734.25 $241,148.98
404139AD9 HC2 HOLDINGS INC 11.50000 12/01/2021 US 5,122.01 $4,763.47
416515104 HARTFORD FINL SVCS US HIG 75.29 $2,653.34
421946104 HEALTHCARE REALTY TRUST INC US HR 355.98 $9,942.50
42225P501 HEALTHCARE TRUST OF AMERICA US HTA 197.2 $4,787.95
42250P103 HEALTHPEAK PROPERTIES INC US PEAK 727.32 $17,346.70
427866108 HERSHEY CO/THE US HSY 39.44 $5,225.73
43300A203 HILTON WORLDWIDE HOLDINGS INC US HLT 133.17 $9,087.67
437076102 HOME DEPOT INC US HD 106.03 $19,796.02
438516106 HONEYWELL INTERNATIONAL INC US HON 90.15 $12,060.81
440452100 HORMEL FOODS CORP US HRL 76.32 $3,559.47
44107P104 HOST MARRIOTT CORP US HST 532.69 $5,880.88
450913AE8 IAMGOLD CORP 7.00000 04/15/2025 CA 7,683.01 $7,145.20
452308109 ILLINOIS TOOL WKS INC US ITW 51.73 $7,352.19
45337C102 INCYTE CORP US INCY 1,685.14 $123,402.79
45682RAA8 INFRABUILD AUSTRALIA PTY 12.00000 10/01/2024 AU 7,683.01 $6,107.99
45781V101 INNOVATIVE INDUSTRIAL PROPER US IIPR 122.93 $9,333.93
458140100 INTEL CORP US INTC 411.3 $22,259.40
45866F104 INTERCONTINENTALEXCHANGE INC US ICE 2,269.05 $183,225.66
459200101 INTERNATIONAL BUSINESS MACH CORP US IBM 112.17 $12,443.23
459506101 INTERNATIONAL FLVRS & FRAGRANCES US IFF 18.95 $1,934.56
46187BAA1 IHSFR 2017-SFR2 A 1.65013 12/17/2036 US 42,354.78 $38,440.01
46187BAB9 IHSFR 2017-SFR2 B 1.95013 12/17/2036 US 33,293.04 $29,073.01
46187W107 INVITATION HOMES INC US INVH 1,201.11 $25,667.73
46284PAP9 IRON MOUNTAIN INC 5.75000 08/15/2024 US 10,244.01 $10,192.79
46625H100 JP MORGAN CHASE & CO US JPM 254.05 $22,872.25
46640BAC8 JPMMT 2013-2 A2 3.50000 05/25/2043 US 41,629.3 $42,275.48
46641YAA1 JPMMT 2014-2 1A1 3.00000 06/25/2029 US 53,042.93 $52,603.80
46647PAY2 JPMORGAN CHASE & CO 4.02300 12/05/2024 US 240,734.25 $255,076.31
4741844 MERCK KGAA DE MRK GR 3,533.67 $356,767.20
476405105 JERNIGAN CAPITAL INC US JCAP 650.49 $7,129.42
478160104 JOHNSON & JOHNSON US JNJ 4,571.9 $599,513.51
47987LAA9 JONAH NRG LLC/FINANCE 7.25000 10/15/2025 US 10,244.01 $460.98
482480100 KLA-TENCOR CORPORATION US KLAC 31.76 $4,564.67
487526AB1 KEHE DISTRIBUTORS LLC/FI 8.62500 10/15/2026 US 5,122.01 $5,147.62
49427F108 KILROY REALTY CORP US KRC 446.64 $28,450.90
494368103 KIMBERLY CLARK CORP US KMB 53.78 $6,876.98
494550AW6 KINDER MORGAN ENER PART 6.95000 01/15/2038 US 261,222.28 $271,696.64
501044101 KROGER CO US KR 156.73 $4,720.81
50187TAE6 LGI HOMES INC 6.87500 07/15/2026 US 17,927.02 $15,596.51
505742AD8 LADDER CAP FIN LLLP/CORP 5.87500 08/01/2021 US 12,805.01 $10,756.21
5107401 BEIERSDORF AG DE BEI GR 245.86 $24,755.48
516806AG1 LAREDO PETROLEUM INC 10.12500 01/15/2028 US 7,683.01 $2,919.54
53223X107 LIFE STORAGE INC US LSI 48.66 $4,600.71
532457108 ELI LILLY & CO US LLY 77.34 $10,728.92
539830109 LOCKHEED MARTIN CORP US LMT 34.32 $11,631.89
54238XAC2 LONESTAR RESOURCES AMERICA 11.25000 01/01/2023 US 5,122.01 $934.77
550021109 LULULEMON - ADR CA LULU 1,564.77 $296,602.66
56585A102 MARATHON PETROLEUM CORP US MPC 131.64 $3,109.23
57636Q104 MASTERCARD INC-CLASS A US MA 3,457.35 $835,158.35
58933Y105 MERCK & CO INC US MRK 256.1 $19,704.35
594918104 MICROSOFT CORP US MSFT 3,956.75 $624,018.91
595112103 MICRON TECHNOLOGY INC US MU 10,861.21 $456,822.60
59522J103 MID-AMERICA APARTMENT COMM US MAA 79.39 $8,179.66
60871R209 MOLSON COORS BREWING CO -B US TAP 55.32 $2,157.94
609207105 MONDELEZ INTERNATIONAL INC US MDLZ 8,071.26 $404,208.51
615369105 MOODY'S CORPORATION US MCO 663.3 $140,287.89
61965RAA3 MOSS CREEK RESOURCES HLD 7.50000 01/15/2026 US 5,122.01 $1,485.38
62426EAA3 MOUNTAIN PROVINCE DIAMON 8.00000 12/15/2022 CA 5,122.01 $3,687.84
6253983 ARISTOCRAT LEISURE LTD AU ALL AU 392.86 $5,090.52
6356934 FANUC LTD JP 6954 JP 102.44 $13,688.65
637417106 NATIONAL RETAIL PROPERTIES US NNN 174.15 $5,605.83
63938CAA6 NAVIENT CORP 5.00000 10/26/2020 US 7,683.01 $7,567.76
63938CAH1 NAVIENT CORP 6.75000 06/25/2025 US 5,122.01 $4,712.24
63938EAC8 NAVSL 2014-1 A3 1.45663 06/25/2031 US 134,336.15 $130,186.63
63940YAA4 NAVSL 2019-CA A1 2.82000 02/15/2068 US 70,200.19 $70,231.78
64032XAA3 NSLT 2012-3A A MTGE FLT 1.64663 02/25/2045 US 170,588.09 $162,613.70
64033GAA9 NSLT 2013-5A A MTGE FLT 1.57663 01/25/2037 US 245,306.23 $233,917.30
64110D104 NETAPP INC US NTAP 54.29 $2,263.49
64829DAG1 NRZT 2014-3A AFX3 3.75000 11/25/2054 US 40,080.5 $41,451.42
64829EAA2 NRZT 2015-2A A1 3.75000 08/25/2055 US 53,826.94 $55,464.07
64829LAA6 NRZT 2016-4A A1 3.75000 11/25/2056 US 58,372.41 $60,041.64
6490995 KEYENCE CORP JP 6861 JP 102.44 $32,935.78
65342QAK8 NEXTERA ENERGY OPERATING 4.25000 07/15/2024 US 5,122.01 $4,993.96
65409QBB7 NIELSEN FINANCE LLC/CO 5.00000 04/15/2022 US 10,244.01 $9,443.13
654106103 NIKE INC CLASS B US NKE 2,755.64 $228,001.56
655844108 NORFOLK SOUTHN CORP US NSC 31.76 $4,636.44
6642321 NIKON CORP JP 7731 JP 26,941.75 $247,278.53
66727WAA0 NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 CA 10,244.01 $5,019.57
66987V109 NOVARTIS AG- REG CH NVS 7,659.96 $631,563.63
670346105 NUCOR CORP US NUE 77.34 $2,785.87
67059TAD7 NUSTAR LOGISTICS LP 6.75000 02/01/2021 US 5,122.01 $4,071.99
67066G104 NVIDIA CORP US NVDA 814.4 $214,675.54
67401PAB4 OAKTREE SPECIALTY LEND 3.50000 02/25/2025 US 12,805.01 $11,485.29
6742340 SHANDONG WEIGAO CN 1066 HK 20,488.02 $25,719.79
675232AB8 OCEANEERING INTL INC 6.00000 02/01/2028 US 7,683.01 $2,941.94
6821506 SONY CORP FIRST SECTION JP 6758 JP 717.08 $42,475.26
68245XAE9 1011778 BC / NEW RED FIN 5.00000 10/15/2025 CA 10,244.01 $9,782.93
68389X105 ORACLE CORP US ORCL 238.69 $11,535.67
69144AAA7 OXFIN 2020-1A A2 3.10100 02/15/2028 US 153,660.16 $147,472.27
69318FAH1 PBF HOLDING CO LLC 6.00000 02/15/2028 US 10,244.01 $6,761.05
693456AW5 PMTLT 2013-J1 a9 3.50000 09/25/2043 US 149,209.89 $152,330.41
693475105 PNC FINANCIAL SERVICES GROUP US PNC 49.68 $4,755.70
7021963 DEUTSCHE BOERSE AG DE DB1 GR 243.3 $33,424.92
70450Y103 PAYPAL HOLDINGS INC US PYPL 2,963.08 $283,685.29
7123870 NESTLE SA-REGISTERED CH NESN SW 4,604.68 $471,371.23
713448108 PEPSICO INC US PEP 1,585.26 $190,389.81
717081103 PFIZER INC US PFE 573.15 $18,707.69
719245AD4 PHOTO HOLDINGS MERGER SU 8.50000 10/01/2026 US 7,683.01 $6,223.24
71943U104 PHYSICIANS REALTY TRUST US DOC 599.27 $8,353.89
733174AK2 POPULAR INC 6.12500 09/14/2023 PR 10,244.01 $9,475.71
741503AZ9 BOOKING HOLDINGS INC 3.60000 06/01/2026 US 409,760.43 $399,636.56
74166MAB2 PRIME SECSRVC BRW/FINANC 5.25000 04/15/2024 US 10,244.01 $10,118.93
74166MAC0 PRIME SECSRVC BRW/FINANC 5.75000 04/15/2026 US 5,122.01 $5,019.57
74166MAE6 PRIME SECSRVC BRW/FINANC 6.25000 01/15/2028 US 12,805.01 $11,044.32
74333NAA0 PROGRESS RESIDENTIAL TRUST 3.14700 05/17/2036 US 145,977.15 $144,251.70
74340W103 PROLOGIS US PLD 891.74 $71,669.24
74460D109 PUBLIC STORAGE INC US PSA 128.05 $25,432.04
747525103 QUALCOMM INC US QCOM 112.17 $7,588.43
74834L100 QUEST DIAGNOSTICS INC US DGX 32.78 $2,632.30
750236AW1 RADIAN GROUP INC 4.87500 03/15/2027 US 15,366.02 $15,135.53
755111507 RAYTHEON COMPANY US RTN 35.34 $4,635.08
756109104 REALTY INCOME CORP US O 117.81 $5,873.81
7591EP100 REGIONS FINANCIAL CORP. US RF 218.71 $1,961.83
76131D103 RESTAURANT BRANDS INTERN CA QSR 622.32 $24,911.62
76169C100 REXFORD INDUSTRIAL REALITY IN US REXR 76.83 $3,150.80
7698356 GETINGE AB-B SHS SE GETIB SS 1,257.45 $23,777.31
773903109 ROCKWELL AUTOMATION INC US ROK 22.54 $3,401.03
780259107 ROYAL DUTCH SHELL PLC-ADR B NL RDS/B 1,846.48 $60,306.13
783513203 RYANAIR HOLDINGS - ADR IE RYAAY 6,026.04 $319,922.43
78409V104 S&P GLOBAL INC US SPGI 535.25 $131,162.91
78410G104 SBA COMMUNICATIONS CORP US SBAC 983.43 $265,495.26
78410GAC8 SBA COMMUNICATIONS CORP 3.87500 02/15/2027 US 10,244.01 $10,269.62
78442GQJ8 SLMA 2005-7 A4 FLT 1.94413 10/25/2029 US 138,667.78 $133,230.42
78442PGC4 SLM CORP 5.12500 04/05/2022 US 10,244.01 $8,809.85
78449UAB4 SMB 2020-A A2A MTGE 2.23000 09/15/2037 US 230,490.24 $227,686.79
78470RAC1 SOFI 2016-E A2B 2.49000 01/25/2036 US 121,429.97 $122,087.32
78471DAA5 SCLP 2016-1 A 3.26000 08/25/2025 US 46,475.27 $44,951.14
785592AV8 SABINE PASS LIQUEFACTION 5.87500 06/30/2026 US 343,174.36 $310,504.20
79466L302 SALESFORCE.COM US CRM 2,158.93 $310,842.06
80282KAE6 SANTANDER HOLDINGS USA 4.50000 07/17/2025 US 317,564.33 $323,981.35
806857108 SCHLUMBERGER LTD NL SLB 8,945.58 $120,675.91
808625AA5 SCIENCE APPLICATIONS INT 4.87500 04/01/2028 US 12,805.01 $12,292.81
81141R100 SEA LTD - ADR SG SE 501.96 $22,241.69
81745BAB1 SEMT 2013-6 A2 3.00000 05/25/2043 US 124,032.47 $124,439.57
81745EAA7 SEMT 2013-8 A1 3.00000 06/25/2043 US 60,280.18 $60,337.94
81745MAA9 SEMT 2013-2 1.87400 02/25/2043 US 47,039.65 $44,839.46
81746FAU9 SEMT 2017-6 A19 MTGE 3.50000 09/25/2047 US 269,408.68 $273,114.61
81748MAA6 SEMT 2020-1 A1 3.50000 02/25/2050 US 196,624.5 $200,244.61
81762P102 SERVICENOW INC US NOW 676.1 $193,758.09
828806109 SIMON PROPERTY GROUP INC US SPG 179.27 $9,834.76
832696405 JM SMUCKER CO/THE-NEW COM WI US SJM 28.68 $3,183.84
83401BAA4 SOFI 2017-F A1FX 2.05000 01/25/2041 US 3,370.17 $3,366.50
83401BAB2 SOFI 2017-F A2FX 2.84000 01/25/2041 US 38,415.04 $37,750.98
83404YAA1 SCLP 2016-5 A 3.06000 09/25/2028 US 21,628.08 $21,226.12
83405TAA1 SCLP 2019-3 A MTGE 2.90000 05/25/2028 US 89,744.9 $86,947.55
83406CAA7 SCLP 2019-2 A MTGE 3.01000 04/25/2028 US 69,984.38 $67,886.21
83406EAB1 SOFI 2018-A A2A 2.39000 02/25/2042 US 20,463.79 $20,465.59
83406TAB8 SOFI 2020-A A2FX MTGE 2.54000 05/15/2046 US 110,123.12 $106,507.36
835699307 SONY CORP SPONSORED ADR JP SNE 8,525.58 $504,543.70
84265VAD7 SOUTHERN COPPER CORP 5.37500 04/16/2020 US 286,832.3 $285,399.12
85172FAN9 SPRINGLEAF FINANCE CORP 7.12500 03/15/2026 US 10,244.01 $10,141.57
852061AR1 SPRINT COMMUNICATIONS 7.00000 08/15/2020 US 10,244.01 $10,250.16
85207UAE5 SPRINT CORP 7.25000 09/15/2021 US 5,122.01 $5,279.25
85207UAH8 SPRINT CORP 7.12500 06/15/2024 US 7,683.01 $8,433.25
85254J102 STAG INDUSTRIAL INC US STAG 307.32 $6,920.85
855030AN2 STAPLES INC 7.50000 04/15/2026 US 10,244.01 $9,053.14
85571BAP0 STARWOOD PROPERTY TRUST 3.62500 02/01/2021 US 15,366.02 $14,368.76
85571XAA5 SRPT 2014-STAR A FLTG RATE 2.17463 11/15/2027 US 155,262.75 $144,917.63
862121100 STORE CAPITAL CORP US STOR 425.13 $7,703.29
866674104 SUN COMMUNITIES US SUI 271.47 $33,892.57
867892101 SUNSTONE HOTEL INVESTORS INC US SHO 435.37 $3,792.08
86935CAA0 SCML 2019-SBC8 2.86000 04/25/2041 US 126,938.14 $126,830.12
871829107 SYSCO CORP US SYY 86.56 $3,949.82
872540AR0 TJX COS INC 3.50000 04/15/2025 US 194,636.21 $198,950.91
87854WAA1 TECHNIPLAS LLC 10.00000 05/01/2020 US 5,122.01 $3,508.57
88032WAN6 TENCENT HOLDINGS 3.97500 04/11/2029 KY 235,612.25 $262,884.69
88146M101 TERRENO REALTY CORP US TRNO 58.9 $3,048.23
882508104 TEXAS INSTRUMENTS INC US TXN 119.85 $11,977.10
883556102 THERMO FISHER SCIENTIFIC INC US TMO 681.23 $193,195.90
88579Y101 3M CO US MMM 77.34 $10,557.99
89151E109 TOTAL S A SPONSORED ADR FR TOT 6,358.97 $236,808.03
89173CAA5 TPMT 2016-5 A1 2.50000 10/25/2056 US 93,112.99 $91,488.78
89173FAA8 TPMT 2017-1 A1 2.75000 10/25/2056 US 90,520.88 $90,561.53
89177EAA7 TPMT 2019-HY1 A1 1.94663 10/25/2048 US 79,618.75 $78,106.86
892231AA9 TOWNSQUARE MEDIA INC 6.50000 04/01/2023 US 15,366.02 $14,751.38
89417E109 TRAVELLERS COS INC US TRV 41.49 $4,121.86
89613BAA5 TAH 2016-SFR1 A 2.58900 11/17/2033 US 113,442.61 $111,521.02
89613FAA6 TAH 2017-SFR2 A 2.92800 01/17/2036 US 122,580.38 $120,323.85
89832Q109 TRUIST FINANCIAL CORP US TFC 212.56 $6,555.45
901109AF5 TUTOR PERINI CORP 6.87500 05/01/2025 US 12,805.01 $10,628.16
902494103 TYSON FOODS INC -CL A US TSN 67.61 $3,912.62
902653104 UDR INC US UDR 222.81 $8,141.38
902973304 U.S. BANCORP US USB 221.78 $7,640.42
904767704 UNILEVER PLC - ADR GB UL 12,436.23 $628,900.11
907818108 UNION PAC CORP US UNP 85.54 $12,064.21
912810FS2 TSY INFL IX N/B 2.00000 01/15/2026 US 1,131,745.51 $1,258,870.96
912810QV3 UNITED STATES TREAS INFL INDEX 0.75000 02/15/2042 US 270,567.93 $303,017.59
912810RK6 US TREASURY N/B 2.50000 02/15/2045 US 415,906.84 $520,029.77
912810RX8 US TREASURY N/B 3.00000 05/15/2047 US 502,980.93 $697,218.02
9128286N5 TSY INFL IX N/B 0.50000 04/15/2024 US 840,866.44 $853,012.73
912828D56 US TREASURY N/B 2.37500 08/15/2024 US 2,245,999.37 $2,442,261.10
912828K33 UNITED STATES TREAS INFL INDEX 0.12500 04/15/2020 US 746,144.35 $746,908.42
912828YN4 US TREASURY FRN 0.42504 10/31/2021 US 2,335,634.46 $2,342,371.48
913017109 UNITED TECHNOLOGIES CORP US UTX 107.05 $10,098.02
91704F104 URBAN EDGE PROPERTIES US UE 514.76 $4,535.05
918204108 VF CORP US VFC 79.9 $4,321.17
91911KAK8 BAUSCH HEALTH COS INC 7.00000 03/15/2024 CA 10,244.01 $10,435.98
91913Y100 VALERO ENERGY US VLO 77.85 $3,531.48
92276F100 VENTAS INC US VTR 131.64 $3,527.83
92339V100 VEREIT INC US VER 991.11 $4,846.52
92343VDU5 VERIZON COMMUNICATIONS 5.25000 03/16/2037 US 404,638.43 $513,939.49
92826C839 VISA INC - CLASS A SHARES US V 4,553.46 $733,653.93
92840JAA7 VISTAJET MALTA/XO MGMT 10.50000 06/01/2024 MUL 7,683.01 $6,213.63
92840VAB8 VISTRA OPERATIONS CO LLC 5.62500 02/15/2027 US 10,244.01 $10,564.14
93065PAA9 WBHT 2019-WBM A FLT 1.75463 12/15/2033 US 105,001.11 $90,455.27
931142103 WAL MART STORES US WMT 211.03 $23,976.84
94106L109 WASTE MANAGEMENT INC US WM 70.68 $6,542.48
94856UAA9 WEEKLEY HOMES LLC/ FINAN 6.62500 08/15/2025 US 7,683.01 $6,914.71
949746101 WELLS FARGO COMPANY US WFC 473.79 $13,597.64
95040Q104 WELLTOWER INC. US WELL 289.91 $13,271.87
962178AN9 TRI POINTE GROUP / HOMES 5.87500 06/15/2024 US 7,683.01 $7,137.36
966387AH5 WHITING PETROLEUM CORP 5.75000 03/15/2021 US 7,683.01 $516.30
96949LAD7 WILLIAMS PARTNERS LP 3.75000 06/15/2027 US 245,856.26 $225,212.78
97651JAE6 WINWATER MORTGAGE LOAN TRUST 3.50000 03/20/2045 US 24,346.23 $24,134.89
98311A105 WYNDHAM HOTELS & RESORTS INC US WH 184.39 $5,810.20
983793AD2 XPO LOGISTICS INC 6.50000 06/15/2022 US 10,244.01 $10,269.62
B02J639 ADMIRAL GROUP PLC GB ADM LN 2,061.61 $56,776.80
B1KFX13 GRUPO AEROPORTUARIO DEL CENT MX OMAB MM 2,663.44 $9,013.43
B1Y47Y7 GERRESHEIMER AG DE GXI GR 363.66 $22,931.99
B1Y9TB3 DANONE FR BN FP 586.47 $37,533.05
B3QJ0H8 TOURMALINE OIL CORP CA TOU CN 2,840.15 $17,436.87
B3ZD2V9 MEX BONOS DESARR FIX RT 6.50000 06/10/2021 MX 276,588.29 $11,663.87
B4888C1 CANADIAN GOVERNMENT FLT 2.75000 06/01/2022 CA 34,317.44 $25,580.43
B4NDCC9 MEX BONOS DESARR FIX RT 6.50000 06/09/2022 MX 450,224.27 $19,015.60
B4YVF56 BRENNTAG AG DE BNR GR 581.35 $21,121.62
B615Y14 MEX BONOS DESARR FIX RT 8.00000 06/11/2020 MX 685,324.32 $28,941.79
B63QM77 NEXON CO LTD JP 3659 JP 48,008.56 $784,500.23
B6TC406 MEX BONOS DESARR FIX RT 7.75000 05/29/2031 MX 86,561.89 $3,741.36
B7KR2P8 EASY JET PLC GB EZJ LN 30,004.71 $207,918.96
BBG00S178J65 SNE US 04/09/20 JP -19.98 -$1,997.58
BBG00S4P5V77 FB US 04/03/20 US -8.71 -$200.27
BBQ3850 KEYWORDS STUDIOS PLC IE KWS LN 466.1 $8,250.76
BD3HF92 BSR REAL ESTATE INVESTMENT CA HOM/U CN 407.2 $3,563.00
BGHQ198 HIBERNIA REIT PLC IE HBRN ID 5,352.5 $6,174.76
BGJW376 MEITUAN DIANPING - CLASS B CN 3690 HK 665.86 $7,937.89
BJ2KSG2 AKZO NOBEL NL AKZA NA 322.69 $21,222.68
BMMV2K8 TENCENT HOLDINGS LTD CN 700 HK 9,562.78 $472,665.59
BMTRW10 B&M EUROPEAN VALUE RETAIL SA GB BME LN 6,195.07 $21,039.74
BNGN9Z1 FINECOBANK SPA IT FBK IM 3,990.04 $35,898.78
BP9DL90 INDUSTRIA DE DISENO TEXTIL ES ITX SM 1,119.16 $29,001.49
BVYVFW2 AUTO TRADER GROUP PLC GB AUTO LN 2,768.44 $14,960.07
BYYHL23 ANHEUSER-BUSCH INBEV SA/NV BE ABI BB 7,785.45 $343,882.58
BZ0VW78 BINGO INDUSTRIES LTD AU BIN AU 12,866.48 $15,093.38
BZ1HM42 ADYEN NV NL ADYEN NA 12.81 $10,882.92
G0772R208 BANK OF N.T. BUTTERFIELD&SON BM NTB 893.79 $15,221.24
G1151C101 ACCENTURE PLC - CL A IE ACN 186.44 $30,438.36
G29183103 EATON CORP PLC US ETN 75.29 $5,849.55
G51502105 JOHNSON CONTROLS INTERNATIONAL US JCI 165.44 $4,460.28
G5494J103 LINDE PLC GB LIN 49.68 $8,595.24
G5960L103 MEDTRONIC INC IE MDT 2,705.96 $244,023.06
G8994E103 TRANE TECHNOLOGIES IE TT 37.9 $3,130.40
G97822103 PERRIGO CO PLC IE PRGO 499.4 $24,015.93
H01301128 ALCON INC CH ALC 4,255.36 $216,257.50
H1467J104 CHUBB LTD CH CB 61.46 $6,864.92
H2906T109 GARMIN LTD CH GRMN 32.27 $2,418.86
N53745100 LYONDELLBASELL INDU-CL A US LYB 74.78 $3,711.39

Based on the investments of the underlying fund(s): Manning & Napier Pro-Mix® Moderate Term CIT Fund. 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 2020 Series Class K Distribution History
  • 2020 Distribution Calendar
  • Fourth Quarter 2019 Distributions
  • Third Quarter 2019 Distributions
  • Second Quarter 2019 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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