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

$10.64

Daily $ Change

$0.06

Daily % Change

0.56%

as of 07/02/2020

Ticker

MTNRX

CUSIP

56382P815

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 05/31/2020

YTD

3.35%

1 Year

11.47%

3 Year

6.23%

5 Year

4.57%

10 Year

6.50%

Inception
(03/28/2008)

5.11%

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 1.37%
Net 1.20%*

*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 15.94%
GOVERNMENT AGENCY 6.46%
TSY INFL IX N/B 2.00000 01/15/2026 2.31%
TREASURY BONDS 2.14%
MASTERCARD INC-CLASS A 1.86%
VISA INC - CLASS A SHARES 1.59%
TSY INFL IX N/B 0.50000 04/15/2024 1.55%
NEXON CO LTD 1.27%
JOHNSON & JOHNSON 1.21%
UNILEVER PLC - ADR 1.20%

Top Ten Investments list is unaudited and excludes cash

Asset Allocation

As of 05/31/2020

Bonds 56.46%
Stocks 41.42%
Cash 2.12%

Detailed Asset Class Allocation

As of 05/31/2020

International Equities 12.07%
Small Capitalization 0.10%
Mid Capitalization 2.18%
Large Capitalization 27.07%
Long Term Fixed Income 15.11%
Intermediate Term Fixed Income 38.13%
Short Term Fixed Income 3.22%
Cash 2.12%

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 5,113.58 $5,288.11
00206RDQ2 AT&T INC 4.25000 03/01/2027 US 127,839.49 $143,485.66
00287Y109 ABBVIE INC US ABBV 175.4 $16,253.93
004239109 ACADIA REALTY TRUST US AKR 613.63 $7,197.87
00507V109 ACTIVISION INC US ATVI 4,039.73 $290,779.62
00774MAG0 AERCAP IRELAND CAP / GLOBA 4.45000 10/01/2025 IE 393,745.64 $339,187.43
00791GAA5 AG MERGER SUB II INC 10.75000 08/01/2027 US 7,670.37 $6,903.33
008492100 AGREE REALTY CORP US ADC 178.46 $11,202.18
00912XBA1 AIR LEASE CORP 3.25000 03/01/2025 US 12,783.95 $11,699.14
013822AC5 ALCOA NEDERLAND HOLDING 6.12500 05/15/2028 NL 15,340.74 $14,962.90
015271109 ALEXANDRIA REAL EST EQUITIES US ARE 89.49 $13,756.04
01609W102 ALIBABA GROUP - ADR CN BABA 1,145.44 $237,553.19
01609WAT9 ALIBABA GROUP HOLDING 3.40000 12/06/2027 KY 455,108.59 $505,007.66
020002101 ALLSTATE CORPORATION US ALL 51.65 $5,051.61
02079K107 ALPHABET INC-CL C US GOOG 84.37 $120,563.79
02079K305 ALPHABET INC-CL A US GOOGL 452.55 $648,742.06
02154CAE3 ALTICE FINANCING SA 7.50000 05/15/2026 LU 10,227.16 $10,767.87
023135106 AMAZON.COM INC US AMZN 260.79 $636,951.94
02319V103 AMBEV SA-ADR BR ABEV 5,302.78 $12,249.43
0237400 DIAGEO PLC GB DGE LN 6,166.98 $215,164.28
024835100 AMERICAN CAMPUS COMMUNITIES US ACC 572.72 $18,498.89
02665T306 AMERICAN HOMES 4 RENT- A US AMH 818.17 $20,650.68
03019LAA4 AMERICAN TANKER INC 9.25000 02/22/2022 US 17,897.53 $17,856.86
03027X100 AMERICAN TOWER REIT INC US AMT 1,078.97 $278,556.48
03027XAW0 AMERICAN TOWER CORP 3.80000 08/15/2029 US 317,041.94 $355,394.50
03064D108 AMERICOLD REALTY TRUST US COLD 741.47 $26,477.86
032654105 ANALOG DEVICES INC US ADI 48.58 $5,487.00
03674XAJ5 ANTERO RESOURCES CORP 5.00000 03/01/2025 US 10,227.16 $5,727.21
03690AAD8 ANTERO MIDSTREAM PART / FI 5.75000 03/01/2027 US 20,454.32 $16,107.78
03690AAF3 ANTERO MIDSTREAM PART/FI 5.75000 01/15/2028 US 17,897.53 $13,992.29
03748R754 APARTMENT INVT & MGMT CO -A US AIV 406.02 $14,969.89
039483102 ARCHER-DANIELS-MIDLAND CO US ADM 104.32 $4,100.70
053015103 AUTOMATIC DATA PROCESSING US ADP 46.02 $6,741.79
053484101 AVALONBAY COMMUNITIES INC US AVB 191.76 $29,916.36
05401AAJ0 AVOLON HOLDINGS FNDG LTD 3.25000 02/15/2027 KY 148,293.81 $114,029.45
055622104 BP PLC-SPONS ADR GB BP 273.58 $6,330.56
05722G100 BAKER HUGHES CO US BKR 216.82 $3,579.63
060505104 BANK OF AMERICA CORP US BAC 767.04 $18,500.93
06051GFM6 BANK OF AMERICA CORP 4.00000 01/22/2025 US 199,429.61 $217,824.87
084670702 BERKSHIRE HATHAWAY INC-CL B US BRK/B 2,155.37 $399,994.28
086516101 BEST BUY INC US BBY 58.29 $4,552.24
09061G101 BIOMARIN PHARMACEUTICAL INC US BMRN 2,633.49 $280,598.74
0946580 WEIR GROUP PLC/THE GB WEIR LN 1,608.22 $19,412.23
09857L108 BOOKING HOLDINGS INC US BKNG 138.07 $226,349.23
101121101 BOSTON PROPERTIES INC US BXP 65.97 $5,671.69
105368203 BRANDYWINE REALTY TRUST US BDN 1,058.51 $10,214.63
110122108 BRISTOL MYERS SQUIBB CO US BMY 262.84 $15,696.69
11680JAA0 BRUIN E&P PARTNERS LLC 8.87500 08/01/2023 US 58,806.17 $588.06
1248EPCE1 CCO HLDGS LLC/CAP CORP 4.50000 08/15/2030 US 10,227.16 $10,610.68
12503M108 CBOE GLOBAL MARKETS INC US CBOE 3,073.26 $327,179.41
12510GAB8 CCG 2019-1 A2 2.80000 09/14/2026 US 237,047.5 $239,415.39
12541W209 C.H. ROBINSON WORLDWIDE INC US CHRW 38.86 $3,152.97
12555DAA3 CIM 2019-INV1 A1 4.00000 02/25/2049 US 42,017.96 $42,960.61
12572Q105 CME GROUP INC US CME 1,048.28 $191,416.63
12646WAH7 CSMC 2013-IVR2 A2 3.00000 04/25/2043 US 206,373.9 $213,134.67
12646XAH5 CSMC 2013-IVR3 A1 2.50000 05/25/2043 US 67,872.01 $69,018.50
12647PAK4 CSMC 2013-7 A6 3.50000 08/25/2043 US 250,515.31 $255,212.65
12648TAA7 CSMC 2014-IVR3 A1 3.50000 07/25/2044 US 106,855.62 $109,395.81
12653CAC2 CNX RESOURCES CORP 7.25000 03/14/2027 US 5,113.58 $4,832.33
12654TAA8 CNX MIDSTREAM PTR/CNX 6.50000 03/15/2026 US 5,113.58 $4,615.01
127097103 CABOT OIL & GAS CORP US COG 24,335.53 $482,816.83
131477AT8 CALUMET SPECIALTY PROD 11.00000 04/15/2025 US 7,670.37 $6,980.04
133131102 CAMDEN PROPERTY TRUST US CPT 304.26 $27,860.90
133131AZ5 CAMDEN PROPERTY TRUST 2.80000 05/15/2030 US 301,701.2 $316,039.25
13321L108 CAMECO CORP CA CCJ 3,385.19 $36,797.01
14180LAA4 CARGO AIRCRAFT MANAGEMENT 4.75000 02/01/2028 US 15,340.74 $15,323.71
143905AN7 CARRIAGE SERVICES INC 6.62500 06/01/2026 US 10,227.16 $10,687.38
149123101 CATERPILLAR INC US CAT 80.28 $9,644.42
14980AAA0 CAZENOVIA CREEK FUNDING LLC 3.56070 07/15/2030 US 67,203.99 $66,541.52
16119P108 CHARTER COMMUNICATIONS INC-A US CHTR 309.37 $168,298.14
16411QAD3 CHENIERE ENERGY PARTNERS 5.62500 10/01/2026 US 17,897.53 $18,216.11
165183BB9 CFII 2017-4A A1 2.12000 11/15/2029 US 113,257.42 $113,853.48
166764100 CHEVRON CORP US CVX 1,015.05 $93,079.68
172062101 CINCINNATI FINANCIAL CORP US CINF 28.64 $1,688.09
17275R102 CISCO SYSTEMS INC US CSCO 443.86 $21,225.32
172967424 CITIGROUP INC US C 230.62 $11,049.12
172967KA8 CITIGROUP INCA 4.45000 09/29/2027 US 332,382.68 $370,061.59
191216100 COCA COLA CO/THE US KO 10,467.5 $488,622.79
194162103 COLGATE-PALMOLIVE CO US CL 144.2 $10,430.20
20030N101 COMCAST CORP-CL A US CMCSA 349.26 $13,830.60
20030NCY5 COMCAST CORP 3.25000 11/01/2039 US 317,041.94 $347,371.50
20268CAA6 CBSLT 2019-AGS A1 MTGE 2.54000 01/25/2047 US 154,106.31 $159,006.30
20369C106 COMMUNITY HEALTHCARE TRUST I US CHCT 332.38 $12,105.38
20451NAG6 COMPASS MINERALS INTERNA 6.75000 12/01/2027 US 7,670.37 $8,065.16
205887102 CONAGRA BRAND INC. US CAG 110.96 $3,860.46
20605P101 CONCHO RESOURCES INC US CXO 2,283.21 $124,480.79
20825C104 CONOCOPHILLIPS US COP 4,120.01 $173,782.07
21036P108 CONSTELLATION BRANDS INC-A US STZ 25.57 $4,415.58
217204106 COPART INC US CPRT 2,868.72 $256,434.72
21870Q105 CORESITE REALTY CORP US COR 58.81 $7,340.19
222795502 COUSINS PROPERTIES INC US CUZ 823.29 $25,620.67
22534GAA1 CAALT 2020-1A 2.01000 02/15/2029 US 178,975.29 $177,588.72
22822V101 CROWN CASTLE INTL CORP US CCI 145.74 $25,090.09
22822VAN1 CROWN CASTLE INTL CORP 3.10000 11/15/2029 US 15,340.74 $16,179.20
22944PAA5 CSMC 2013-TH1 A1 2.13000 02/25/2043 US 46,073.8 $46,605.11
231021106 CUMMINS INC US CMI 31.7 $5,377.03
247361ZN1 DELTA AIR LINES INC 4.37500 04/19/2028 US 15,340.74 $12,469.91
253868103 DIGITAL REALTY TRUST INC US DLR 288.92 $41,476.96
254687106 WALT DISNEY CO/THE US DIS 2,124.69 $249,226.42
254687FW1 WALT DISNEY COMPANY/THE 2.20000 01/13/2028 US 138,066.65 $144,113.62
254709AP3 DISCOVER FINANCIAL SVS 4.50000 01/30/2026 US 10,227.16 $10,950.67
25470DAT6 DISCOVERY COMMUNICATIONS 5.20000 09/20/2047 US 281,246.88 $312,304.53
256746108 DOLLAR TREE STORES INC US DLTR 2,331.79 $228,212.52
25746UDG1 DOMINION ENERGY 3.37500 04/01/2030 US 194,316.03 $213,239.80
25787GAC4 DONNELLEY FINANCIAL SOL 8.25000 10/15/2024 US 20,454.32 $20,045.23
25960P109 DOUGLAS EMMETT INC US DEI 565.05 $16,589.88
260003108 DOVER CORP US DOV 25.57 $2,486.48
26151AAA7 DRAX FINCO PLC 6.62500 11/01/2025 GB 102,271.59 $107,513.01
262006208 DREYFUS GVT CSH MANAGEMENT US 1,213,525.44 $1,213,525.44
26439XAC7 DCP MIDSTREAM OPERATING 8.12500 08/16/2030 US 5,113.58 $5,113.58
264411505 DUKE RLTY INVTS INC US DRE 555.33 $19,147.94
26875P101 EOG RESOURCES INC US EOG 5,016.93 $255,713.08
2715777 QUEBECOR INC -CL B CA QBR/B CN 1,433.34 $31,511.85
277276101 EASTGROUP PROPERTIES US EGP 46.53 $5,409.53
2801836 SHAW COMMUNICATIONS INC-B CA SJR/B CN 998.17 $16,840.98
285512109 ELECTRONIC ARTS US EA 2,822.7 $346,852.88
2866857 LUNDIN MINING CORP CA LUN CN 3,671.55 $16,906.44
291011104 EMERSON ELEC CO US EMR 117.1 $7,145.50
29273RAR0 ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 US 352,837 $398,761.56
29373FAB0 EFF 2018 -2 A2 MTGE 3.14000 02/20/2024 US 134,665.84 $135,972.89
29444U700 EQUINIX INC US EQIX 674.99 $470,895.03
29472R108 EQUITY LIFESTYLE PROPERTIES US ELS 432.1 $26,919.67
29476L107 EQUITY RESIDENTIAL US EQR 294.03 $17,806.51
297178105 ESSEX PROPERTY TRUST INC US ESS 59.32 $14,400.52
30212P303 EXPEDIA INC US EXPE 6,870.09 $546,035.10
30212PAS4 EXPEDIA GROUP INC 6.25000 05/01/2025 US 148,293.81 $158,365.16
302154BV0 EXPORT-IMPORT BANK KOREA 2.62500 12/30/2020 KR 255,678.99 $257,873.94
30225T102 EXTRA SPACE STORAGE INC US EXR 76.7 $7,421.08
30231G102 EXXON MOBIL CORP US XOM 4,292.85 $195,195.90
302491303 FMC CORP US FMC 2,405.94 $236,768.48
30264DAA7 FS ENERGY & POWER FUND 7.50000 08/15/2023 US 2,556.79 $2,045.43
30291HAA5 FREMF 2013-K28 X2A 0.10000 06/25/2046 US 12,018,246.28 $25,312.83
30303M102 FACEBOOK INC -A US FB 1,927.82 $433,932.90
311900104 FASTENAL CO US FAST 127.84 $5,274.66
3128M5VT4 FHLM POOL G03926 6.00000 02/01/2038 US 14,279.39 $16,528.06
3128M6SU3 FHLM POOL G04731 5.50000 04/01/2038 US 15,124.12 $17,543.12
3128MJ2E9 FHLM POOL FG 08772 4.50000 07/01/2047 US 107,310.9 $116,005.06
3128MJJT8 FHLM POOL G08273 5.50000 06/01/2038 US 19,193.55 $22,057.65
3128P75X7 FHLM POOL C91762 4.50000 05/01/2034 US 53,723.83 $59,202.52
3131YBKP2 FEDERAL NATL MTG ASSN FN ZN4802 4.00000 04/01/2049 US 165,020.02 $175,526.93
3132A5H40 FEDERAL NATL MTG ASSN FR ZS4751 3.50000 01/01/2048 US 251,003.22 $266,434.33
3132QUNJ8 FHLM POOL Q37592 4.00000 12/01/2045 US 119,876.44 $130,688.69
3132Y33P7 FHLM POOL FG Q59805 4.50000 11/01/2048 US 74,603.3 $80,587.93
31335AQ92 FHLM POOL FG G60480 4.50000 11/01/2045 US 262,948.79 $292,054.54
31335CCY8 FHLM POOL FG G61887 MTGE 5.00000 02/01/2049 US 105,790.65 $115,518.58
3136AY6W8 FNA 2017-M15 A1 2.95933 09/25/2027 US 139,721.4 $151,895.58
3136B1YD0 FNR 2018-31 KP 3.50000 07/25/2047 US 85,479.99 $88,541.68
3137A2B34 FHMS K009 X1 FLT 1.21114 08/25/2020 US 547,856.96 $571.03
3137AUPF0 FHMS K021 x1 FLT 1.41666 06/25/2022 US 932,577.37 $21,655.94
3137B3NB0 FHMS K030 X1 FLT 0.17807 04/25/2023 US 4,821,484.68 $22,122.42
3137F4YU0 FHR 4791 BA MTGE 4.00000 03/15/2044 US 83,913.26 $85,693.84
3137FG2L8 FHR 4801 BA MTGE 4.50000 05/15/2044 US 59,041.31 $60,103.27
3138EGE26 FEDERAL NATL MTG ASSN AL0152 6.00000 06/01/2040 US 49,895.53 $57,739.96
3138EGHT4 FEDERAL NATL MTG ASSN AL0241 4.00000 04/01/2041 US 74,917.66 $82,501.93
3138EHR87 FEDERAL NATL MTG ASSN AL1410 4.50000 12/01/2041 US 95,360.18 $105,630.45
3138EP2A1 FEDERAL NATL MTG ASSN AL7068 4.50000 09/01/2042 US 112,824.51 $125,465.03
3138EQST0 FEDERAL NATL MTG ASSN AL7729 4.00000 06/01/2043 US 59,805.06 $65,798.72
3138ETT89 FEDERAL NATL MTG ASSN AL8674 FLT 5.64400 01/01/2049 US 127,368.99 $149,063.89
31403DDX4 FEDERAL NATL MTG ASSN 745418 5.50000 04/01/2036 US 34,258.65 $40,007.53
3140F8RB5 FEDERAL NATL MTG ASSN BD1381 3.50000 06/01/2046 US 63,506.32 $67,979.69
3140H2PH5 FEDERAL NATL MATG ASSN FN BJ1323 3.50000 11/01/2047 US 248,482.65 $267,868.90
3140HPMQ7 FEDERAL NATIONAL MTGE FN BK9366 4.50000 08/01/2048 US 39,017.72 $42,137.94
3140Q84E2 FEDERAL NATL MTG ASSN FN CA1720 5.00000 05/01/2048 US 141,586.49 $159,319.48
3140Q9JA2 FEDERAL NATL MTGE ASSN FN CA2056 4.50000 07/01/2048 US 131,825.59 $142,454.81
3140X5PS6 FEDERAL NATL MTG ASSN FN FM2232 4.00000 06/01/2048 US 244,903.87 $261,927.33
31410GCD3 FEDERAL NATL MTG ASSN 888468 5.50000 09/01/2021 US 2,898.46 $2,931.36
31410GN33 FEDERAL NATL MTG ASSN 888810 5.50000 11/01/2022 US 3,239.21 $3,278.36
31417YJC2 FEDERAL NATL MTG ASSN MA0258 4.50000 12/01/2039 US 55,473.21 $61,604.35
31418BBC9 FEDERAL NATL MTG ASSN MA1834 4.50000 02/01/2034 US 39,075.49 $42,981.08
31418BDH6 FEDERAL NATL MTG ASSN MA1903 4.50000 05/01/2034 US 37,957.77 $41,818.67
31418C4M3 FEDERAL NATL MTG ASSN FN MA3527 5.00000 11/01/2048 US 156,980.84 $171,525.40
31418CYJ7 FEDERAL NATL MTG ASSN FN MA3412 3.50000 07/01/2038 US 162,300.05 $171,923.63
31418CZ56 FEDERAL NATL MTG ASSN FN MA3463 4.00000 09/01/2033 US 93,277.39 $98,863.47
31418DNN8 FEDERAL NATL MTG ASSN FN MA3996 2.50000 04/01/2050 US 152,710.55 $155,809.38
315786AC7 FIDELITY & GUARA NTY LIFE 5.50000 05/01/2025 US 20,454.32 $21,886.12
316773100 FIFTH THIRD BANCORP US FITB 146.25 $2,835.76
32054K103 FIRST INDUSTRIAL REALTY TR US FR 255.68 $9,685.12
33834YAA6 FIVE POINT OP CO LP/FIVE 7.87500 11/15/2025 US 7,670.37 $7,518.50
34461LAA2 FONTAINEBLEAU MIAMI BEACH TRUST 3.14400 12/10/2036 US 148,293.81 $142,645.70
345370CX6 FORD MOTOR COMPANY 9.62500 04/22/2030 US 30,681.48 $34,056.44
346232AE1 FORESTAR GROUP INC 5.00000 03/01/2028 US 17,897.53 $17,002.65
34960PAB7 FORTRESS TRANS & INFRAST 6.50000 10/01/2025 US 20,454.32 $17,130.49
35166FAA0 FOXTROT ESCROW ISSUER 12.25000 11/15/2026 US 12,783.95 $11,697.31
35563BAJ9 FREMF 2014-K37 B FLT 4.55940 01/25/2047 US 163,634.55 $173,489.66
36246MAT6 GTP AQUISITION PARTNERS 2.35000 06/15/2020 US 47,044.93 $47,146.98
36257MAA3 GSMS 2019-70P A 1.18363 10/15/2036 US 153,407.39 $148,025.17
369550108 GENERAL DYNAMICS CORP US GD 42.44 $6,231.86
369604BQ5 GENERAL ELECTRIC CO 5.00000 01/21/2021 US 235,224.67 $180,464.36
370334104 GENERAL MLS INC US GIS 127.84 $8,059.00
37045VAP5 GENERAL MOTORS CO 5.15000 04/01/2038 US 12,783.95 $12,369.91
37185LAL6 GENESIS ENERGY LP/FIN 7.75000 02/01/2028 US 7,670.37 $7,171.03
372460105 GENUINE PARTS CO US GPC 39.89 $3,326.88
374297109 GETTY REALTY CORP US GTY 291.47 $7,759.04
375558103 GILEAD SCIENCES INC US GILD 185.62 $14,447.03
38379RRX3 GNR 2017-54 AH MTGE 2.60000 12/16/2056 US 133,847.16 $138,952.11
384802104 WW GRAINGER INC US GWW 9.2 $2,849.88
388689101 GRAPHIC PACKAGING HOLDING CO US GPK 30,719.83 $444,515.94
398433AP7 GRIFFON CORPORATION 5.75000 03/01/2028 US 10,227.16 $10,158.64
400506101 GRUPO AEROPORTUARIO PAC-ADR MX PAC 158.52 $10,527.38
40051E202 GRUPO AEROPORTUARIO DEL SURESTE MX ASR 104.83 $10,867.56
4012250 AIRBUS SE FR AIR FP 186.65 $11,927.97
4031976 ADIDAS AG DE ADS GR 981.81 $260,382.75
404119BX6 HCA INC 4.12500 06/15/2029 US 240,338.25 $261,154.28
404139AD9 HC2 HOLDINGS INC 11.50000 12/01/2021 US 5,113.58 $4,602.22
416515104 HARTFORD FINL SVCS US HIG 75.17 $2,878.24
418751AB9 HAT HOLDINGS I LLC 6.00000 04/15/2025 US 17,897.53 $18,473.60
421946104 HEALTHCARE REALTY TRUST INC US HR 237.78 $7,299.89
42225P501 HEALTHCARE TRUST OF AMERICA US HTA 263.35 $6,970.86
42250P103 HEALTHPEAK PROPERTIES INC US PEAK 830.96 $20,474.77
427866108 HERSHEY CO/THE US HSY 39.37 $5,342.34
43300A203 HILTON WORLDWIDE HOLDINGS INC US HLT 161.08 $12,775.08
436106AA6 HOLLYFRONTIER CORP 5.87500 04/01/2026 US 15,340.74 $16,617.82
437076102 HOME DEPOT INC US HD 105.85 $26,301.88
438516106 HONEYWELL INTERNATIONAL INC US HON 90 $13,126.35
440452100 HORMEL FOODS CORP US HRL 76.19 $3,720.47
44107P104 HOST MARRIOTT CORP US HST 479.65 $5,727.07
443201AA6 HOWMET AEROSPACE INC 6.87500 05/01/2025 US 17,897.53 $19,016.54
450913AE8 IAMGOLD CORP 7.00000 04/15/2025 CA 23,011.11 $23,509.53
452308109 ILLINOIS TOOL WKS INC US ITW 51.65 $8,907.07
45337C102 INCYTE CORP US INCY 1,431.8 $145,914.97
45569LAA9 INDIGO NATURAL RES LLC 6.87500 02/15/2026 US 5,113.58 $4,947.39
45682RAA8 INFRABUILD AUSTRALIA PTY 12.00000 10/01/2024 AU 7,670.37 $6,591.92
458140100 INTEL CORP US INTC 410.62 $25,840.34
45866F104 INTERCONTINENTALEXCHANGE INC US ICE 2,265.32 $220,301.96
459200101 INTERNATIONAL BUSINESS MACH CORP US IBM 111.99 $13,987.23
459506101 INTERNATIONAL FLVRS & FRAGRANCES US IFF 18.92 $2,519.99
46116VAE5 INTL FC STORE INC 8.62500 06/15/2025 US 15,340.74 $15,609.20
46187BAA1 IHSFR 2017-SFR2 A 1.03213 12/17/2036 US 42,049.5 $41,325.19
46187BAB9 IHSFR 2017-SFR2 B 1.33213 12/17/2036 US 33,238.27 $32,353.97
46187W107 INVITATION HOMES INC US INVH 1,199.13 $31,537.24
465410BX5 ITALY GOV'T INT BOND 2.37500 10/17/2024 IT 102,271.59 $101,905.74
46625H100 JP MORGAN CHASE & CO US JPM 253.63 $24,681.08
46640BAC8 JPMMT 2013-2 A2 3.50000 05/25/2043 US 38,810.79 $40,194.93
46641YAA1 JPMMT 2014-2 1A1 3.00000 06/25/2029 US 50,642.74 $51,609.33
46647PBP0 JPMORGAN CHASE & CO 2.95600 05/13/2031 US 363,064.16 $374,620.09
476405105 JERNIGAN CAPITAL INC US JCAP 723.57 $8,733.51
478160104 JOHNSON & JOHNSON US JNJ 4,564.38 $678,951.71
47987LAA9 JONAH NRG LLC/FINANCE 7.25000 10/15/2025 US 10,227.16 $511.36
482480100 KLA-TENCOR CORPORATION US KLAC 31.7 $5,578.67
487526AB1 KEHE DISTRIBUTORS LLC/FI 8.62500 10/15/2026 US 5,113.58 $5,394.83
49271VAJ9 KEURIG DR PEPPER INC 3.20000 05/01/2030 US 301,701.2 $328,536.61
49427F108 KILROY REALTY CORP US KRC 445.9 $25,470.05
494368103 KIMBERLY CLARK CORP US KMB 53.69 $7,594.28
494550AW6 KINDER MORGAN ENER PART 6.95000 01/15/2038 US 260,792.57 $348,720.89
501044101 KROGER CO US KR 156.48 $5,104.23
50187TAE6 LGI HOMES INC 6.87500 07/15/2026 US 17,897.53 $18,255.48
505742AD8 LADDER CAP FIN LLLP/CORP 5.87500 08/01/2021 US 12,783.95 $12,176.71
505742AG1 LADDER CAP FIN LLLP/CORP 5.25000 10/01/2025 US 10,227.16 $8,693.09
5107401 BEIERSDORF AG DE BEI GR 245.45 $25,782.06
516806AG1 LAREDO PETROLEUM INC 10.12500 01/15/2028 US 7,670.37 $5,254.97
53223X107 LIFE STORAGE INC US LSI 66.48 $6,480.13
532457108 ELI LILLY & CO US LLY 77.22 $11,810.04
53627NAC5 LIONS GATE CAPITAL HOLD 6.37500 02/01/2024 US 5,113.58 $5,158.43
539830109 LOCKHEED MARTIN CORP US LMT 37.84 $14,698.76
54238XAC2 LONESTAR RESOURCES AMERICA 11.25000 01/01/2023 US 20,454.32 $1,329.53
550021109 LULULEMON - ADR CA LULU 1,012.49 $303,842.82
56585A102 MARATHON PETROLEUM CORP US MPC 131.42 $4,618.06
57636Q104 MASTERCARD INC-CLASS A US MA 3,451.67 $1,038,571.88
58933Y105 MERCK & CO INC US MRK 255.68 $20,638.41
594918104 MICROSOFT CORP US MSFT 2,405.94 $440,888.37
595112103 MICRON TECHNOLOGY INC US MU 10,843.35 $519,504.70
59522J103 MID-AMERICA APARTMENT COMM US MAA 132.95 $15,470.42
609207105 MONDELEZ INTERNATIONAL INC US MDLZ 8,057.98 $419,981.86
615369105 MOODY'S CORPORATION US MCO 662.21 $177,081.19
61965RAA3 MOSS CREEK RESOURCES HLD 7.50000 01/15/2026 US 5,113.58 $2,689.23
62426EAA3 MOUNTAIN PROVINCE DIAMON 8.00000 12/15/2022 CA 5,113.58 $2,595.14
6253983 ARISTOCRAT LEISURE LTD AU ALL AU 462.78 $7,982.57
6321954 TRAVELSKY TECHNOLOGY LTD-H CN 696 HK 13,295.31 $26,931.26
63938CAA6 NAVIENT CORP 5.00000 10/26/2020 US 7,670.37 $7,555.31
63938CAH1 NAVIENT CORP 6.75000 06/25/2025 US 17,897.53 $16,823.68
63938EAC8 NAVSL 2014-1 A3 0.67825 06/25/2031 US 131,306.12 $125,656.72
63940YAA4 NAVSL 2019-CA A1 2.82000 02/15/2068 US 56,873.07 $57,159.25
64032XAA3 NSLT 2012-3A A MTGE FLT 0.86825 02/25/2045 US 164,954.65 $156,372.33
64033GAA9 NSLT 2013-5A A MTGE FLT 0.79825 01/25/2037 US 236,690.24 $222,474.86
64110D104 NETAPP INC US NTAP 54.2 $2,414.24
64829DAG1 NRZT 2014-3A AFX3 3.75000 11/25/2054 US 39,093.7 $40,238.17
64829EAA2 NRZT 2015-2A A1 3.75000 08/25/2055 US 51,283.01 $52,764.62
64829LAA6 NRZT 2016-4A A1 3.75000 11/25/2056 US 56,275.81 $58,163.05
65342QAK8 NEXTERA ENERGY OPERATING 4.25000 07/15/2024 US 5,113.58 $5,279.77
65343HAA9 NEXSTAR BROADCASTING INC 5.62500 07/15/2027 US 10,227.16 $10,482.84
655844108 NORFOLK SOUTHN CORP US NSC 31.7 $5,652.54
6642321 NIKON CORP JP 7731 JP 26,897.43 $247,563.49
66727WAA0 NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 CA 56,249.38 $562.49
66987V109 NOVARTIS AG- REG CH NVS 7,524.63 $657,878.62
670346105 NUCOR CORP US NUE 77.22 $3,263.11
67059TAD7 NUSTAR LOGISTICS LP 6.75000 02/01/2021 US 5,113.58 $5,145.54
67401PAB4 OAKTREE SPECIALTY LEND 3.50000 02/25/2025 US 12,783.95 $12,136.49
6742340 SHANDONG WEIGAO CN 1066 HK 20,454.32 $35,877.39
675232AB8 OCEANEERING INTL INC 6.00000 02/01/2028 US 15,340.74 $10,278.30
6821506 SONY CORP FIRST SECTION JP 6758 JP 255.68 $16,559.27
68389X105 ORACLE CORP US ORCL 238.29 $12,813.00
69144AAA7 OXFIN 2020-1A A2 3.10100 02/15/2028 US 153,407.39 $152,133.28
69318FAH1 PBF HOLDING CO LLC 6.00000 02/15/2028 US 10,227.16 $8,590.71
69318UAB1 6.8750000 05/15/2023 6.87500 05/15/2023 US 10,227.16 $9,741.37
69327RAJ0 PDC ENERGY INC 5.75000 05/15/2026 US 5,113.58 $4,723.67
693456AW5 PMTLT 2013-J1 a9 3.50000 09/25/2043 US 138,720.33 $144,290.32
693475105 PNC FINANCIAL SERVICES GROUP US PNC 49.6 $5,656.58
693506107 PPG INDUSTRIES INC US PPG 36.31 $3,691.27
701094104 PARKER HANNIFIN CORP US PH 22.5 $4,049.28
7021963 DEUTSCHE BOERSE AG DE DB1 GR 242.9 $39,993.10
70450Y103 PAYPAL HOLDINGS INC US PYPL 2,958.21 $458,551.49
7123870 NESTLE SA-REGISTERED CH NESN SW 4,597.11 $499,140.47
713448108 PEPSICO INC US PEP 1,582.65 $208,197.99
717081103 PFIZER INC US PFE 623.35 $23,805.56
719245AD4 PHOTO HOLDINGS MERGER SU 8.50000 10/01/2026 US 15,340.74 $13,907.91
71943U104 PHYSICIANS REALTY TRUST US DOC 598.29 $10,332.45
723787107 PIONEER NATURAL RESOURCES CO US PXD 1,165.9 $106,796.09
73179PAM8 POLYONE CORP 5.75000 05/15/2025 US 10,227.16 $10,725.73
733174AK2 POPULAR INC 6.12500 09/14/2023 PR 10,227.16 $10,303.86
741503AZ9 BOOKING HOLDINGS INC 3.60000 06/01/2026 US 409,086.38 $437,167.22
74166MAE6 PRIME SECSRVC BRW/FINANC 6.25000 01/15/2028 US 17,897.53 $16,957.91
74333NAA0 PROGRESS RESIDENTIAL TRUST 3.14700 05/17/2036 US 145,643.95 $149,627.90
74340W103 PROLOGIS US PLD 890.27 $81,460.09
74460D109 PUBLIC STORAGE INC US PSA 168.75 $34,212.00
747525103 QUALCOMM INC US QCOM 111.99 $9,057.54
74834L100 QUEST DIAGNOSTICS INC US DGX 32.73 $3,870.94
750236AW1 RADIAN GROUP INC 4.87500 03/15/2027 US 25,567.9 $23,851.78
75513E101 RAYTHEON TECHNOLOGIES CORP US RTX 189.2 $12,207.34
756109104 REALTY INCOME CORP US O 158.52 $8,767.79
758849103 REGENCY CENTERS CORP US REG 112.5 $4,813.82
7591EP100 REGIONS FINANCIAL CORP. US RF 218.35 $2,469.54
76131D103 RESTAURANT BRANDS INTERN CA QSR 621.3 $33,898.12
76169C100 REXFORD INDUSTRIAL REALITY IN US REXR 357.95 $14,246.43
7698356 GETINGE AB-B SHS SE GETIB SS 1,477.82 $27,433.88
773903109 ROCKWELL AUTOMATION INC US ROK 22.5 $4,863.55
780259107 ROYAL DUTCH SHELL PLC-ADR B NL RDS/B 1,843.45 $56,114.48
783513203 RYANAIR HOLDINGS - ADR IE RYAAY 5,151.93 $369,754.13
78409V104 S&P GLOBAL INC US SPGI 534.37 $173,680.64
78410G104 SBA COMMUNICATIONS CORP US SBAC 981.81 $308,415.13
78442GQJ8 SLMA 2005-7 A4 FLT 1.14138 10/25/2029 US 129,594.68 $126,631.68
78442PGC4 SLM CORP 5.12500 04/05/2022 US 17,897.53 $17,646.07
78449UAB4 SMB 2020-A A2A MTGE 2.23000 09/15/2037 US 230,111.09 $232,104.24
78470RAC1 SOFI 2016-E A2B 2.49000 01/25/2036 US 104,787.6 $105,884.61
78471DAA5 SCLP 2016-1 A 3.26000 08/25/2025 US 41,292.19 $41,524.43
785592AV8 SABINE PASS LIQUEFACTION 5.87500 06/30/2026 US 398,859.22 $458,226.04
79466L302 SALESFORCE.COM US CRM 2,155.37 $376,737.80
806857108 SCHLUMBERGER LTD NL SLB 7,228.04 $133,501.99
808625AA5 SCIENCE APPLICATIONS INT 4.87500 04/01/2028 US 12,783.95 $13,071.59
81141R100 SEA LTD - ADR SG SE 283.8 $22,647.53
81745BAB1 SEMT 2013-6 A2 3.00000 05/25/2043 US 119,208.34 $123,060.31
81745EAA7 SEMT 2013-8 A1 3.00000 06/25/2043 US 56,922.87 $58,656.31
81745MAA9 SEMT 2013-2 1.87400 02/25/2043 US 44,035.55 $44,126.00
81746FAU9 SEMT 2017-6 A19 MTGE 3.50000 09/25/2047 US 243,165.29 $245,419.41
81748MAA6 SEMT 2020-1 A1 3.50000 02/25/2050 US 182,063.69 $186,208.48
81762P102 SERVICENOW INC US NOW 674.99 $261,849.85
83088M102 SKYWORKS SOLUTIONS INC US SWKS 28.64 $3,394.52
832696405 JM SMUCKER CO/THE-NEW COM WI US SJM 28.64 $3,262.50
83401BAB2 SOFI 2017-F A2FX 2.84000 01/25/2041 US 37,882.15 $38,642.49
83404RAB4 SOFI 2018-B A2FX MTGE 3.34000 08/25/2047 US 127,839.49 $131,436.95
83404YAA1 SCLP 2016-5 A 3.06000 09/25/2028 US 13,983.08 $13,912.61
83405TAA1 SCLP 2019-3 A MTGE 2.90000 05/25/2028 US 78,505.26 $79,331.13
83406CAA7 SCLP 2019-2 A MTGE 3.01000 04/25/2028 US 60,886.19 $61,507.40
83406EAB1 SOFI 2018-A A2A 2.39000 02/25/2042 US 13,081.87 $13,097.41
83406TAB8 SOFI 2020-A A2FX MTGE 2.54000 05/15/2046 US 109,941.96 $112,796.34
844741BJ6 SOUTHWEST AIRLINES CO 5.25000 05/04/2025 US 286,360.46 $291,042.60
85172FAN9 SPRINGLEAF FINANCE CORP 7.12500 03/15/2026 US 17,897.53 $17,629.07
85207UAE5 SPRINT CORP 7.25000 09/15/2021 US 5,113.58 $5,359.29
85207UAH8 SPRINT CORP 7.12500 06/15/2024 US 15,340.74 $17,393.33
85254J102 STAG INDUSTRIAL INC US STAG 337.5 $9,078.65
854502101 STANLEY WORKS/THE US SWK 27.1 $3,399.94
855030AN2 STAPLES INC 7.50000 04/15/2026 US 10,227.16 $8,933.94
85571BAP0 STARWOOD PROPERTY TRUST 3.62500 02/01/2021 US 15,340.74 $15,033.92
85571XAA5 SRPT 2014-STAR A FLTG RATE 1.65363 11/15/2027 US 155,007.34 $115,593.29
858912AF5 STERICYCLE INC 5.37500 07/15/2024 US 10,227.16 $10,457.27
862121100 STORE CAPITAL CORP US STOR 406.53 $7,862.28
866674104 SUN COMMUNITIES US SUI 301.7 $41,390.39
867892101 SUNSTONE HOTEL INVESTORS INC US SHO 572.72 $5,068.58
86935CAA0 SCML 2019-SBC8 2.86000 04/25/2041 US 122,686.52 $123,518.67
87105L104 SWITCH INC - A US SWCH 492.95 $9,420.26
871829107 SYSCO CORP US SYY 86.42 $4,766.90
872540AR0 TJX COS INC 3.50000 04/15/2025 US 194,316.03 $216,635.83
87422VAJ7 TALEN ENERGY SUPPLY LLC 7.62500 06/01/2028 US 15,340.74 $15,495.68
87854WAA1 TECHNIPLAS LLC 10.00000 05/01/2020 US 5,113.58 $1,137.77
88032WAN6 TENCENT HOLDINGS 3.97500 04/11/2029 KY 317,041.94 $355,544.52
88146M101 TERRENO REALTY CORP US TRNO 99.71 $5,104.40
882508104 TEXAS INSTRUMENTS INC US TXN 119.66 $14,208.16
883556102 THERMO FISHER SCIENTIFIC INC US TMO 680.11 $237,486.25
88579Y101 3M CO US MMM 77.22 $12,079.52
89151E109 TOTAL S A SPONSORED ADR FR TOT 5,931.75 $222,915.26
89173CAA5 TPMT 2016-5 A1 2.50000 10/25/2056 US 89,249.41 $90,179.07
89173FAA8 TPMT 2017-1 A1 2.75000 10/25/2056 US 85,825.42 $87,061.49
89177EAA7 TPMT 2019-HY1 A1 1.16825 10/25/2048 US 75,813.64 $74,857.74
892231AA9 TOWNSQUARE MEDIA INC 6.50000 04/01/2023 US 12,783.95 $10,099.32
89417E109 TRAVELLERS COS INC US TRV 41.42 $4,431.11
89613BAA5 TAH 2016-SFR1 A 2.58900 11/17/2033 US 112,412.4 $112,980.91
89613FAA6 TAH 2017-SFR2 A 2.92800 01/17/2036 US 122,181.31 $125,666.69
89832Q109 TRUIST FINANCIAL CORP US TFC 212.21 $7,805.21
901109AF5 TUTOR PERINI CORP 6.87500 05/01/2025 US 33,238.27 $29,332.77
902494103 TYSON FOODS INC -CL A US TSN 67.5 $4,147.15
902653104 UDR INC US UDR 294.03 $10,873.26
902973304 U.S. BANCORP US USB 221.42 $7,873.62
904767704 UNILEVER PLC - ADR GB UL 12,415.77 $671,072.45
907818108 UNION PAC CORP US UNP 85.4 $14,505.50
912810FS2 TSY INFL IX N/B 2.00000 01/15/2026 US 1,130,518.39 $1,289,234.77
912810RK6 US TREASURY N/B 2.50000 02/15/2045 US 415,222.67 $512,086.34
912810RX8 US TREASURY N/B 3.00000 05/15/2047 US 502,153.53 $684,458.80
9128286N5 TSY INFL IX N/B 0.50000 04/15/2024 US 839,951.03 $868,707.41
912828D56 US TREASURY N/B 2.37500 08/15/2024 US 3,124,397.21 $3,400,100.86
912828R36 US TREASURY N/B 1.62500 05/15/2026 US 2,086,340.52 $2,234,340.30
912828XB1 UNITED STATES TREAS NTS 2.12500 05/15/2025 US 1,999,409.67 $2,176,310.56
912828YN4 US TREASURY FRN FLT 0.45006 10/31/2021 US 1,094,306.06 $1,097,914.93
91704F104 URBAN EDGE PROPERTIES US UE 715.9 $6,980.04
918204108 VF CORP US VFC 79.77 $4,475.20
91913Y100 VALERO ENERGY US VLO 77.73 $5,179.69
92343VDU5 VERIZON COMMUNICATIONS 5.25000 03/16/2037 US 403,972.8 $542,340.24
92826C839 VISA INC - CLASS A SHARES US V 4,545.97 $887,555.64
92840JAA7 VISTAJET MALTA/XO MGMT 10.50000 06/01/2024 MUL 23,011.11 $18,351.36
92840VAG7 VISTRA OPERATIONS CO LLC 3.70000 01/30/2027 US 10,227.16 $10,388.20
928668BE1 VOLKSWAGEN GROUP AMERICA 3.35000 05/13/2025 US 209,656.77 $218,379.17
93065PAA9 WBHT 2019-WBM A FLT 1.23363 12/15/2033 US 104,828.38 $97,209.82
931142103 WAL MART STORES US WMT 210.68 $26,136.90
94106L109 WASTE MANAGEMENT INC US WM 70.57 $7,533.07
94856UAA9 WEEKLEY HOMES LLC/ FINAN 6.62500 08/15/2025 US 7,670.37 $7,286.85
949746101 WELLS FARGO COMPANY US WFC 473.01 $12,520.47
95040Q104 WELLTOWER INC. US WELL 374.31 $18,966.49
962178AN9 TRI POINTE GROUP / HOMES 5.87500 06/15/2024 US 7,670.37 $7,715.91
966387AH5 WHITING PETROLEUM CORP 5.75000 03/15/2021 US 7,670.37 $901.27
96949LAD7 WILLIAMS PARTNERS LP 3.75000 06/15/2027 US 281,246.88 $299,257.32
97651JAE6 WINWATER MORTGAGE LOAN TRUST 3.50000 03/20/2045 US 13,208.85 $13,256.73
98311A105 WYNDHAM HOTELS & RESORTS INC US WH 370.73 $17,027.84
983919101 XILINX INC US XLNX 39.37 $3,620.49
B02J639 ADMIRAL GROUP PLC GB ADM LN 2,058.22 $59,450.30
B1KFX13 GRUPO AEROPORTUARIO DEL CENT MX OMAB MM 2,659.06 $11,709.73
B1Y47Y7 GERRESHEIMER AG DE GXI GR 363.06 $31,064.00
B1Y9TB3 DANONE FR BN FP 585.5 $40,283.02
B3QJ0H8 TOURMALINE OIL CORP CA TOU CN 3,996.26 $39,705.76
B3ZD2V9 MEX BONOS DESARR FIX RT 6.50000 06/10/2021 MX 276,133.3 $12,617.24
B4888C1 CANADIAN GOVERNMENT FLT 2.75000 06/01/2022 CA 34,260.98 $26,113.84
B4NDCC9 MEX BONOS DESARR FIX RT 6.50000 06/09/2022 MX 449,483.66 $20,796.71
B4YVF56 BRENNTAG AG DE BNR GR 580.39 $30,878.81
B615Y14 MEX BONOS DESARR FIX RT 8.00000 06/11/2020 MX 684,196.97 $30,843.40
B63QM77 NEXON CO LTD JP 3659 JP 34,020.65 $708,848.33
B6TC406 MEX BONOS DESARR FIX RT 7.75000 05/29/2031 MX 86,419.5 $4,307.71
BBG00T36KXJ4 BABA US 05/29/20 P195 CN -6.65 -$6.65
BBG00T7BRKC7 DIS US 05/29/20 C113 US -11.76 -$4,939.72
BBG00TF3H2M6 ATVI US 06/05/20 P70 US -19.43 -$1,165.90
BBG00TKX88P8 NOW US 06/12/20 P330 US -4.09 -$535.90
BBG00TPV7B53 CRM US 06/12/20 C187.5 US -7.16 -$808.97
BBQ3850 KEYWORDS STUDIOS PLC IE KWS LN 465.34 $10,388.64
BGHQ198 HIBERNIA REIT PLC IE HBRN ID 6,752.48 $8,188.26
BJ2KSG2 AKZO NOBEL NL AKZA NA 322.16 $26,454.71
BJVB695 BUONI POLIENNALI DEL TES 2.45000 09/01/2050 IT 102,271.59 $114,802.21
BMMV2K8 TENCENT HOLDINGS LTD CN 700 HK 9,547.05 $517,028.96
BMTRW10 B&M EUROPEAN VALUE RETAIL SA GB BME LN 6,184.87 $29,872.15
BNGN9Z1 FINECOBANK SPA IT FBK IM 3,983.48 $46,659.87
BP9DL90 INDUSTRIA DE DISENO TEXTIL ES ITX SM 1,117.32 $31,121.14
BVYVFW2 AUTO TRADER GROUP PLC GB AUTO LN 2,763.89 $19,211.23
BYYHL23 ANHEUSER-BUSCH INBEV SA/NV BE ABI BB 6,305.04 $294,225.76
BZ0VW78 BINGO INDUSTRIES LTD AU BIN AU 12,845.31 $20,215.66
BZ1HM42 ADYEN NV NL ADYEN NA 12.78 $16,787.75
G0772R208 BANK OF N.T. BUTTERFIELD&SON BM NTB 892.32 $21,799.37
G1151C101 ACCENTURE PLC - CL A IE ACN 201.48 $40,621.40
G29183103 EATON CORP PLC US ETN 75.17 $6,381.90
G51502105 JOHNSON CONTROLS INTERNATIONAL US JCI 165.17 $5,187.95
G5494J103 LINDE PLC GB LIN 49.6 $10,036.41
G5960L103 MEDTRONIC INC IE MDT 2,701.5 $266,314.28
G85158106 STONECO LTD-A BR STNE 478.12 $15,146.83
G8994E103 TRANE TECHNOLOGIES IE TT 37.84 $3,413.59
G97822103 PERRIGO CO PLC IE PRGO 498.57 $27,306.90
H01301128 ALCON INC CH ALC 4,248.36 $269,940.92
H1467J104 CHUBB LTD CH CB 61.36 $7,482.60
H2906T109 GARMIN LTD CH GRMN 32.22 $2,904.88
N53745100 LYONDELLBASELL INDU-CL A US LYB 74.66 $4,760.21

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 R 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

$10.64

Daily $ Change

$0.06

Daily % Change

0.56%

as of 07/02/2020

Ticker

MTNRX

CUSIP

56382P815

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 05/31/2020

YTD

3.35%

1 Year

11.47%

3 Year

6.23%

5 Year

4.57%

10 Year

6.50%

Inception
(03/28/2008)

5.11%

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 1.37%
Net 1.20%*

*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 15.94%
GOVERNMENT AGENCY 6.46%
TSY INFL IX N/B 2.00000 01/15/2026 2.31%
TREASURY BONDS 2.14%
MASTERCARD INC-CLASS A 1.86%
VISA INC - CLASS A SHARES 1.59%
TSY INFL IX N/B 0.50000 04/15/2024 1.55%
NEXON CO LTD 1.27%
JOHNSON & JOHNSON 1.21%
UNILEVER PLC - ADR 1.20%

Top Ten Investments list is unaudited and excludes cash

Asset Allocation

As of 05/31/2020

Bonds
56.46%
Stocks
41.42%
Cash
2.12%

Detailed Asset Class Allocation

As of 05/31/2020

International Equities
12.07%
Small Capitalization
0.10%
Mid Capitalization
2.18%
Large Capitalization
27.07%
Long Term Fixed Income
15.11%
Intermediate Term Fixed Income
38.13%
Short Term Fixed Income
3.22%
Cash
2.12%

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 5,113.58 $5,288.11
00206RDQ2 AT&T INC 4.25000 03/01/2027 US 127,839.49 $143,485.66
00287Y109 ABBVIE INC US ABBV 175.4 $16,253.93
004239109 ACADIA REALTY TRUST US AKR 613.63 $7,197.87
00507V109 ACTIVISION INC US ATVI 4,039.73 $290,779.62
00774MAG0 AERCAP IRELAND CAP / GLOBA 4.45000 10/01/2025 IE 393,745.64 $339,187.43
00791GAA5 AG MERGER SUB II INC 10.75000 08/01/2027 US 7,670.37 $6,903.33
008492100 AGREE REALTY CORP US ADC 178.46 $11,202.18
00912XBA1 AIR LEASE CORP 3.25000 03/01/2025 US 12,783.95 $11,699.14
013822AC5 ALCOA NEDERLAND HOLDING 6.12500 05/15/2028 NL 15,340.74 $14,962.90
015271109 ALEXANDRIA REAL EST EQUITIES US ARE 89.49 $13,756.04
01609W102 ALIBABA GROUP - ADR CN BABA 1,145.44 $237,553.19
01609WAT9 ALIBABA GROUP HOLDING 3.40000 12/06/2027 KY 455,108.59 $505,007.66
020002101 ALLSTATE CORPORATION US ALL 51.65 $5,051.61
02079K107 ALPHABET INC-CL C US GOOG 84.37 $120,563.79
02079K305 ALPHABET INC-CL A US GOOGL 452.55 $648,742.06
02154CAE3 ALTICE FINANCING SA 7.50000 05/15/2026 LU 10,227.16 $10,767.87
023135106 AMAZON.COM INC US AMZN 260.79 $636,951.94
02319V103 AMBEV SA-ADR BR ABEV 5,302.78 $12,249.43
0237400 DIAGEO PLC GB DGE LN 6,166.98 $215,164.28
024835100 AMERICAN CAMPUS COMMUNITIES US ACC 572.72 $18,498.89
02665T306 AMERICAN HOMES 4 RENT- A US AMH 818.17 $20,650.68
03019LAA4 AMERICAN TANKER INC 9.25000 02/22/2022 US 17,897.53 $17,856.86
03027X100 AMERICAN TOWER REIT INC US AMT 1,078.97 $278,556.48
03027XAW0 AMERICAN TOWER CORP 3.80000 08/15/2029 US 317,041.94 $355,394.50
03064D108 AMERICOLD REALTY TRUST US COLD 741.47 $26,477.86
032654105 ANALOG DEVICES INC US ADI 48.58 $5,487.00
03674XAJ5 ANTERO RESOURCES CORP 5.00000 03/01/2025 US 10,227.16 $5,727.21
03690AAD8 ANTERO MIDSTREAM PART / FI 5.75000 03/01/2027 US 20,454.32 $16,107.78
03690AAF3 ANTERO MIDSTREAM PART/FI 5.75000 01/15/2028 US 17,897.53 $13,992.29
03748R754 APARTMENT INVT & MGMT CO -A US AIV 406.02 $14,969.89
039483102 ARCHER-DANIELS-MIDLAND CO US ADM 104.32 $4,100.70
053015103 AUTOMATIC DATA PROCESSING US ADP 46.02 $6,741.79
053484101 AVALONBAY COMMUNITIES INC US AVB 191.76 $29,916.36
05401AAJ0 AVOLON HOLDINGS FNDG LTD 3.25000 02/15/2027 KY 148,293.81 $114,029.45
055622104 BP PLC-SPONS ADR GB BP 273.58 $6,330.56
05722G100 BAKER HUGHES CO US BKR 216.82 $3,579.63
060505104 BANK OF AMERICA CORP US BAC 767.04 $18,500.93
06051GFM6 BANK OF AMERICA CORP 4.00000 01/22/2025 US 199,429.61 $217,824.87
084670702 BERKSHIRE HATHAWAY INC-CL B US BRK/B 2,155.37 $399,994.28
086516101 BEST BUY INC US BBY 58.29 $4,552.24
09061G101 BIOMARIN PHARMACEUTICAL INC US BMRN 2,633.49 $280,598.74
0946580 WEIR GROUP PLC/THE GB WEIR LN 1,608.22 $19,412.23
09857L108 BOOKING HOLDINGS INC US BKNG 138.07 $226,349.23
101121101 BOSTON PROPERTIES INC US BXP 65.97 $5,671.69
105368203 BRANDYWINE REALTY TRUST US BDN 1,058.51 $10,214.63
110122108 BRISTOL MYERS SQUIBB CO US BMY 262.84 $15,696.69
11680JAA0 BRUIN E&P PARTNERS LLC 8.87500 08/01/2023 US 58,806.17 $588.06
1248EPCE1 CCO HLDGS LLC/CAP CORP 4.50000 08/15/2030 US 10,227.16 $10,610.68
12503M108 CBOE GLOBAL MARKETS INC US CBOE 3,073.26 $327,179.41
12510GAB8 CCG 2019-1 A2 2.80000 09/14/2026 US 237,047.5 $239,415.39
12541W209 C.H. ROBINSON WORLDWIDE INC US CHRW 38.86 $3,152.97
12555DAA3 CIM 2019-INV1 A1 4.00000 02/25/2049 US 42,017.96 $42,960.61
12572Q105 CME GROUP INC US CME 1,048.28 $191,416.63
12646WAH7 CSMC 2013-IVR2 A2 3.00000 04/25/2043 US 206,373.9 $213,134.67
12646XAH5 CSMC 2013-IVR3 A1 2.50000 05/25/2043 US 67,872.01 $69,018.50
12647PAK4 CSMC 2013-7 A6 3.50000 08/25/2043 US 250,515.31 $255,212.65
12648TAA7 CSMC 2014-IVR3 A1 3.50000 07/25/2044 US 106,855.62 $109,395.81
12653CAC2 CNX RESOURCES CORP 7.25000 03/14/2027 US 5,113.58 $4,832.33
12654TAA8 CNX MIDSTREAM PTR/CNX 6.50000 03/15/2026 US 5,113.58 $4,615.01
127097103 CABOT OIL & GAS CORP US COG 24,335.53 $482,816.83
131477AT8 CALUMET SPECIALTY PROD 11.00000 04/15/2025 US 7,670.37 $6,980.04
133131102 CAMDEN PROPERTY TRUST US CPT 304.26 $27,860.90
133131AZ5 CAMDEN PROPERTY TRUST 2.80000 05/15/2030 US 301,701.2 $316,039.25
13321L108 CAMECO CORP CA CCJ 3,385.19 $36,797.01
14180LAA4 CARGO AIRCRAFT MANAGEMENT 4.75000 02/01/2028 US 15,340.74 $15,323.71
143905AN7 CARRIAGE SERVICES INC 6.62500 06/01/2026 US 10,227.16 $10,687.38
149123101 CATERPILLAR INC US CAT 80.28 $9,644.42
14980AAA0 CAZENOVIA CREEK FUNDING LLC 3.56070 07/15/2030 US 67,203.99 $66,541.52
16119P108 CHARTER COMMUNICATIONS INC-A US CHTR 309.37 $168,298.14
16411QAD3 CHENIERE ENERGY PARTNERS 5.62500 10/01/2026 US 17,897.53 $18,216.11
165183BB9 CFII 2017-4A A1 2.12000 11/15/2029 US 113,257.42 $113,853.48
166764100 CHEVRON CORP US CVX 1,015.05 $93,079.68
172062101 CINCINNATI FINANCIAL CORP US CINF 28.64 $1,688.09
17275R102 CISCO SYSTEMS INC US CSCO 443.86 $21,225.32
172967424 CITIGROUP INC US C 230.62 $11,049.12
172967KA8 CITIGROUP INCA 4.45000 09/29/2027 US 332,382.68 $370,061.59
191216100 COCA COLA CO/THE US KO 10,467.5 $488,622.79
194162103 COLGATE-PALMOLIVE CO US CL 144.2 $10,430.20
20030N101 COMCAST CORP-CL A US CMCSA 349.26 $13,830.60
20030NCY5 COMCAST CORP 3.25000 11/01/2039 US 317,041.94 $347,371.50
20268CAA6 CBSLT 2019-AGS A1 MTGE 2.54000 01/25/2047 US 154,106.31 $159,006.30
20369C106 COMMUNITY HEALTHCARE TRUST I US CHCT 332.38 $12,105.38
20451NAG6 COMPASS MINERALS INTERNA 6.75000 12/01/2027 US 7,670.37 $8,065.16
205887102 CONAGRA BRAND INC. US CAG 110.96 $3,860.46
20605P101 CONCHO RESOURCES INC US CXO 2,283.21 $124,480.79
20825C104 CONOCOPHILLIPS US COP 4,120.01 $173,782.07
21036P108 CONSTELLATION BRANDS INC-A US STZ 25.57 $4,415.58
217204106 COPART INC US CPRT 2,868.72 $256,434.72
21870Q105 CORESITE REALTY CORP US COR 58.81 $7,340.19
222795502 COUSINS PROPERTIES INC US CUZ 823.29 $25,620.67
22534GAA1 CAALT 2020-1A 2.01000 02/15/2029 US 178,975.29 $177,588.72
22822V101 CROWN CASTLE INTL CORP US CCI 145.74 $25,090.09
22822VAN1 CROWN CASTLE INTL CORP 3.10000 11/15/2029 US 15,340.74 $16,179.20
22944PAA5 CSMC 2013-TH1 A1 2.13000 02/25/2043 US 46,073.8 $46,605.11
231021106 CUMMINS INC US CMI 31.7 $5,377.03
247361ZN1 DELTA AIR LINES INC 4.37500 04/19/2028 US 15,340.74 $12,469.91
253868103 DIGITAL REALTY TRUST INC US DLR 288.92 $41,476.96
254687106 WALT DISNEY CO/THE US DIS 2,124.69 $249,226.42
254687FW1 WALT DISNEY COMPANY/THE 2.20000 01/13/2028 US 138,066.65 $144,113.62
254709AP3 DISCOVER FINANCIAL SVS 4.50000 01/30/2026 US 10,227.16 $10,950.67
25470DAT6 DISCOVERY COMMUNICATIONS 5.20000 09/20/2047 US 281,246.88 $312,304.53
256746108 DOLLAR TREE STORES INC US DLTR 2,331.79 $228,212.52
25746UDG1 DOMINION ENERGY 3.37500 04/01/2030 US 194,316.03 $213,239.80
25787GAC4 DONNELLEY FINANCIAL SOL 8.25000 10/15/2024 US 20,454.32 $20,045.23
25960P109 DOUGLAS EMMETT INC US DEI 565.05 $16,589.88
260003108 DOVER CORP US DOV 25.57 $2,486.48
26151AAA7 DRAX FINCO PLC 6.62500 11/01/2025 GB 102,271.59 $107,513.01
262006208 DREYFUS GVT CSH MANAGEMENT US 1,213,525.44 $1,213,525.44
26439XAC7 DCP MIDSTREAM OPERATING 8.12500 08/16/2030 US 5,113.58 $5,113.58
264411505 DUKE RLTY INVTS INC US DRE 555.33 $19,147.94
26875P101 EOG RESOURCES INC US EOG 5,016.93 $255,713.08
2715777 QUEBECOR INC -CL B CA QBR/B CN 1,433.34 $31,511.85
277276101 EASTGROUP PROPERTIES US EGP 46.53 $5,409.53
2801836 SHAW COMMUNICATIONS INC-B CA SJR/B CN 998.17 $16,840.98
285512109 ELECTRONIC ARTS US EA 2,822.7 $346,852.88
2866857 LUNDIN MINING CORP CA LUN CN 3,671.55 $16,906.44
291011104 EMERSON ELEC CO US EMR 117.1 $7,145.50
29273RAR0 ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 US 352,837 $398,761.56
29373FAB0 EFF 2018 -2 A2 MTGE 3.14000 02/20/2024 US 134,665.84 $135,972.89
29444U700 EQUINIX INC US EQIX 674.99 $470,895.03
29472R108 EQUITY LIFESTYLE PROPERTIES US ELS 432.1 $26,919.67
29476L107 EQUITY RESIDENTIAL US EQR 294.03 $17,806.51
297178105 ESSEX PROPERTY TRUST INC US ESS 59.32 $14,400.52
30212P303 EXPEDIA INC US EXPE 6,870.09 $546,035.10
30212PAS4 EXPEDIA GROUP INC 6.25000 05/01/2025 US 148,293.81 $158,365.16
302154BV0 EXPORT-IMPORT BANK KOREA 2.62500 12/30/2020 KR 255,678.99 $257,873.94
30225T102 EXTRA SPACE STORAGE INC US EXR 76.7 $7,421.08
30231G102 EXXON MOBIL CORP US XOM 4,292.85 $195,195.90
302491303 FMC CORP US FMC 2,405.94 $236,768.48
30264DAA7 FS ENERGY & POWER FUND 7.50000 08/15/2023 US 2,556.79 $2,045.43
30291HAA5 FREMF 2013-K28 X2A 0.10000 06/25/2046 US 12,018,246.28 $25,312.83
30303M102 FACEBOOK INC -A US FB 1,927.82 $433,932.90
311900104 FASTENAL CO US FAST 127.84 $5,274.66
3128M5VT4 FHLM POOL G03926 6.00000 02/01/2038 US 14,279.39 $16,528.06
3128M6SU3 FHLM POOL G04731 5.50000 04/01/2038 US 15,124.12 $17,543.12
3128MJ2E9 FHLM POOL FG 08772 4.50000 07/01/2047 US 107,310.9 $116,005.06
3128MJJT8 FHLM POOL G08273 5.50000 06/01/2038 US 19,193.55 $22,057.65
3128P75X7 FHLM POOL C91762 4.50000 05/01/2034 US 53,723.83 $59,202.52
3131YBKP2 FEDERAL NATL MTG ASSN FN ZN4802 4.00000 04/01/2049 US 165,020.02 $175,526.93
3132A5H40 FEDERAL NATL MTG ASSN FR ZS4751 3.50000 01/01/2048 US 251,003.22 $266,434.33
3132QUNJ8 FHLM POOL Q37592 4.00000 12/01/2045 US 119,876.44 $130,688.69
3132Y33P7 FHLM POOL FG Q59805 4.50000 11/01/2048 US 74,603.3 $80,587.93
31335AQ92 FHLM POOL FG G60480 4.50000 11/01/2045 US 262,948.79 $292,054.54
31335CCY8 FHLM POOL FG G61887 MTGE 5.00000 02/01/2049 US 105,790.65 $115,518.58
3136AY6W8 FNA 2017-M15 A1 2.95933 09/25/2027 US 139,721.4 $151,895.58
3136B1YD0 FNR 2018-31 KP 3.50000 07/25/2047 US 85,479.99 $88,541.68
3137A2B34 FHMS K009 X1 FLT 1.21114 08/25/2020 US 547,856.96 $571.03
3137AUPF0 FHMS K021 x1 FLT 1.41666 06/25/2022 US 932,577.37 $21,655.94
3137B3NB0 FHMS K030 X1 FLT 0.17807 04/25/2023 US 4,821,484.68 $22,122.42
3137F4YU0 FHR 4791 BA MTGE 4.00000 03/15/2044 US 83,913.26 $85,693.84
3137FG2L8 FHR 4801 BA MTGE 4.50000 05/15/2044 US 59,041.31 $60,103.27
3138EGE26 FEDERAL NATL MTG ASSN AL0152 6.00000 06/01/2040 US 49,895.53 $57,739.96
3138EGHT4 FEDERAL NATL MTG ASSN AL0241 4.00000 04/01/2041 US 74,917.66 $82,501.93
3138EHR87 FEDERAL NATL MTG ASSN AL1410 4.50000 12/01/2041 US 95,360.18 $105,630.45
3138EP2A1 FEDERAL NATL MTG ASSN AL7068 4.50000 09/01/2042 US 112,824.51 $125,465.03
3138EQST0 FEDERAL NATL MTG ASSN AL7729 4.00000 06/01/2043 US 59,805.06 $65,798.72
3138ETT89 FEDERAL NATL MTG ASSN AL8674 FLT 5.64400 01/01/2049 US 127,368.99 $149,063.89
31403DDX4 FEDERAL NATL MTG ASSN 745418 5.50000 04/01/2036 US 34,258.65 $40,007.53
3140F8RB5 FEDERAL NATL MTG ASSN BD1381 3.50000 06/01/2046 US 63,506.32 $67,979.69
3140H2PH5 FEDERAL NATL MATG ASSN FN BJ1323 3.50000 11/01/2047 US 248,482.65 $267,868.90
3140HPMQ7 FEDERAL NATIONAL MTGE FN BK9366 4.50000 08/01/2048 US 39,017.72 $42,137.94
3140Q84E2 FEDERAL NATL MTG ASSN FN CA1720 5.00000 05/01/2048 US 141,586.49 $159,319.48
3140Q9JA2 FEDERAL NATL MTGE ASSN FN CA2056 4.50000 07/01/2048 US 131,825.59 $142,454.81
3140X5PS6 FEDERAL NATL MTG ASSN FN FM2232 4.00000 06/01/2048 US 244,903.87 $261,927.33
31410GCD3 FEDERAL NATL MTG ASSN 888468 5.50000 09/01/2021 US 2,898.46 $2,931.36
31410GN33 FEDERAL NATL MTG ASSN 888810 5.50000 11/01/2022 US 3,239.21 $3,278.36
31417YJC2 FEDERAL NATL MTG ASSN MA0258 4.50000 12/01/2039 US 55,473.21 $61,604.35
31418BBC9 FEDERAL NATL MTG ASSN MA1834 4.50000 02/01/2034 US 39,075.49 $42,981.08
31418BDH6 FEDERAL NATL MTG ASSN MA1903 4.50000 05/01/2034 US 37,957.77 $41,818.67
31418C4M3 FEDERAL NATL MTG ASSN FN MA3527 5.00000 11/01/2048 US 156,980.84 $171,525.40
31418CYJ7 FEDERAL NATL MTG ASSN FN MA3412 3.50000 07/01/2038 US 162,300.05 $171,923.63
31418CZ56 FEDERAL NATL MTG ASSN FN MA3463 4.00000 09/01/2033 US 93,277.39 $98,863.47
31418DNN8 FEDERAL NATL MTG ASSN FN MA3996 2.50000 04/01/2050 US 152,710.55 $155,809.38
315786AC7 FIDELITY & GUARA NTY LIFE 5.50000 05/01/2025 US 20,454.32 $21,886.12
316773100 FIFTH THIRD BANCORP US FITB 146.25 $2,835.76
32054K103 FIRST INDUSTRIAL REALTY TR US FR 255.68 $9,685.12
33834YAA6 FIVE POINT OP CO LP/FIVE 7.87500 11/15/2025 US 7,670.37 $7,518.50
34461LAA2 FONTAINEBLEAU MIAMI BEACH TRUST 3.14400 12/10/2036 US 148,293.81 $142,645.70
345370CX6 FORD MOTOR COMPANY 9.62500 04/22/2030 US 30,681.48 $34,056.44
346232AE1 FORESTAR GROUP INC 5.00000 03/01/2028 US 17,897.53 $17,002.65
34960PAB7 FORTRESS TRANS & INFRAST 6.50000 10/01/2025 US 20,454.32 $17,130.49
35166FAA0 FOXTROT ESCROW ISSUER 12.25000 11/15/2026 US 12,783.95 $11,697.31
35563BAJ9 FREMF 2014-K37 B FLT 4.55940 01/25/2047 US 163,634.55 $173,489.66
36246MAT6 GTP AQUISITION PARTNERS 2.35000 06/15/2020 US 47,044.93 $47,146.98
36257MAA3 GSMS 2019-70P A 1.18363 10/15/2036 US 153,407.39 $148,025.17
369550108 GENERAL DYNAMICS CORP US GD 42.44 $6,231.86
369604BQ5 GENERAL ELECTRIC CO 5.00000 01/21/2021 US 235,224.67 $180,464.36
370334104 GENERAL MLS INC US GIS 127.84 $8,059.00
37045VAP5 GENERAL MOTORS CO 5.15000 04/01/2038 US 12,783.95 $12,369.91
37185LAL6 GENESIS ENERGY LP/FIN 7.75000 02/01/2028 US 7,670.37 $7,171.03
372460105 GENUINE PARTS CO US GPC 39.89 $3,326.88
374297109 GETTY REALTY CORP US GTY 291.47 $7,759.04
375558103 GILEAD SCIENCES INC US GILD 185.62 $14,447.03
38379RRX3 GNR 2017-54 AH MTGE 2.60000 12/16/2056 US 133,847.16 $138,952.11
384802104 WW GRAINGER INC US GWW 9.2 $2,849.88
388689101 GRAPHIC PACKAGING HOLDING CO US GPK 30,719.83 $444,515.94
398433AP7 GRIFFON CORPORATION 5.75000 03/01/2028 US 10,227.16 $10,158.64
400506101 GRUPO AEROPORTUARIO PAC-ADR MX PAC 158.52 $10,527.38
40051E202 GRUPO AEROPORTUARIO DEL SURESTE MX ASR 104.83 $10,867.56
4012250 AIRBUS SE FR AIR FP 186.65 $11,927.97
4031976 ADIDAS AG DE ADS GR 981.81 $260,382.75
404119BX6 HCA INC 4.12500 06/15/2029 US 240,338.25 $261,154.28
404139AD9 HC2 HOLDINGS INC 11.50000 12/01/2021 US 5,113.58 $4,602.22
416515104 HARTFORD FINL SVCS US HIG 75.17 $2,878.24
418751AB9 HAT HOLDINGS I LLC 6.00000 04/15/2025 US 17,897.53 $18,473.60
421946104 HEALTHCARE REALTY TRUST INC US HR 237.78 $7,299.89
42225P501 HEALTHCARE TRUST OF AMERICA US HTA 263.35 $6,970.86
42250P103 HEALTHPEAK PROPERTIES INC US PEAK 830.96 $20,474.77
427866108 HERSHEY CO/THE US HSY 39.37 $5,342.34
43300A203 HILTON WORLDWIDE HOLDINGS INC US HLT 161.08 $12,775.08
436106AA6 HOLLYFRONTIER CORP 5.87500 04/01/2026 US 15,340.74 $16,617.82
437076102 HOME DEPOT INC US HD 105.85 $26,301.88
438516106 HONEYWELL INTERNATIONAL INC US HON 90 $13,126.35
440452100 HORMEL FOODS CORP US HRL 76.19 $3,720.47
44107P104 HOST MARRIOTT CORP US HST 479.65 $5,727.07
443201AA6 HOWMET AEROSPACE INC 6.87500 05/01/2025 US 17,897.53 $19,016.54
450913AE8 IAMGOLD CORP 7.00000 04/15/2025 CA 23,011.11 $23,509.53
452308109 ILLINOIS TOOL WKS INC US ITW 51.65 $8,907.07
45337C102 INCYTE CORP US INCY 1,431.8 $145,914.97
45569LAA9 INDIGO NATURAL RES LLC 6.87500 02/15/2026 US 5,113.58 $4,947.39
45682RAA8 INFRABUILD AUSTRALIA PTY 12.00000 10/01/2024 AU 7,670.37 $6,591.92
458140100 INTEL CORP US INTC 410.62 $25,840.34
45866F104 INTERCONTINENTALEXCHANGE INC US ICE 2,265.32 $220,301.96
459200101 INTERNATIONAL BUSINESS MACH CORP US IBM 111.99 $13,987.23
459506101 INTERNATIONAL FLVRS & FRAGRANCES US IFF 18.92 $2,519.99
46116VAE5 INTL FC STORE INC 8.62500 06/15/2025 US 15,340.74 $15,609.20
46187BAA1 IHSFR 2017-SFR2 A 1.03213 12/17/2036 US 42,049.5 $41,325.19
46187BAB9 IHSFR 2017-SFR2 B 1.33213 12/17/2036 US 33,238.27 $32,353.97
46187W107 INVITATION HOMES INC US INVH 1,199.13 $31,537.24
465410BX5 ITALY GOV'T INT BOND 2.37500 10/17/2024 IT 102,271.59 $101,905.74
46625H100 JP MORGAN CHASE & CO US JPM 253.63 $24,681.08
46640BAC8 JPMMT 2013-2 A2 3.50000 05/25/2043 US 38,810.79 $40,194.93
46641YAA1 JPMMT 2014-2 1A1 3.00000 06/25/2029 US 50,642.74 $51,609.33
46647PBP0 JPMORGAN CHASE & CO 2.95600 05/13/2031 US 363,064.16 $374,620.09
476405105 JERNIGAN CAPITAL INC US JCAP 723.57 $8,733.51
478160104 JOHNSON & JOHNSON US JNJ 4,564.38 $678,951.71
47987LAA9 JONAH NRG LLC/FINANCE 7.25000 10/15/2025 US 10,227.16 $511.36
482480100 KLA-TENCOR CORPORATION US KLAC 31.7 $5,578.67
487526AB1 KEHE DISTRIBUTORS LLC/FI 8.62500 10/15/2026 US 5,113.58 $5,394.83
49271VAJ9 KEURIG DR PEPPER INC 3.20000 05/01/2030 US 301,701.2 $328,536.61
49427F108 KILROY REALTY CORP US KRC 445.9 $25,470.05
494368103 KIMBERLY CLARK CORP US KMB 53.69 $7,594.28
494550AW6 KINDER MORGAN ENER PART 6.95000 01/15/2038 US 260,792.57 $348,720.89
501044101 KROGER CO US KR 156.48 $5,104.23
50187TAE6 LGI HOMES INC 6.87500 07/15/2026 US 17,897.53 $18,255.48
505742AD8 LADDER CAP FIN LLLP/CORP 5.87500 08/01/2021 US 12,783.95 $12,176.71
505742AG1 LADDER CAP FIN LLLP/CORP 5.25000 10/01/2025 US 10,227.16 $8,693.09
5107401 BEIERSDORF AG DE BEI GR 245.45 $25,782.06
516806AG1 LAREDO PETROLEUM INC 10.12500 01/15/2028 US 7,670.37 $5,254.97
53223X107 LIFE STORAGE INC US LSI 66.48 $6,480.13
532457108 ELI LILLY & CO US LLY 77.22 $11,810.04
53627NAC5 LIONS GATE CAPITAL HOLD 6.37500 02/01/2024 US 5,113.58 $5,158.43
539830109 LOCKHEED MARTIN CORP US LMT 37.84 $14,698.76
54238XAC2 LONESTAR RESOURCES AMERICA 11.25000 01/01/2023 US 20,454.32 $1,329.53
550021109 LULULEMON - ADR CA LULU 1,012.49 $303,842.82
56585A102 MARATHON PETROLEUM CORP US MPC 131.42 $4,618.06
57636Q104 MASTERCARD INC-CLASS A US MA 3,451.67 $1,038,571.88
58933Y105 MERCK & CO INC US MRK 255.68 $20,638.41
594918104 MICROSOFT CORP US MSFT 2,405.94 $440,888.37
595112103 MICRON TECHNOLOGY INC US MU 10,843.35 $519,504.70
59522J103 MID-AMERICA APARTMENT COMM US MAA 132.95 $15,470.42
609207105 MONDELEZ INTERNATIONAL INC US MDLZ 8,057.98 $419,981.86
615369105 MOODY'S CORPORATION US MCO 662.21 $177,081.19
61965RAA3 MOSS CREEK RESOURCES HLD 7.50000 01/15/2026 US 5,113.58 $2,689.23
62426EAA3 MOUNTAIN PROVINCE DIAMON 8.00000 12/15/2022 CA 5,113.58 $2,595.14
6253983 ARISTOCRAT LEISURE LTD AU ALL AU 462.78 $7,982.57
6321954 TRAVELSKY TECHNOLOGY LTD-H CN 696 HK 13,295.31 $26,931.26
63938CAA6 NAVIENT CORP 5.00000 10/26/2020 US 7,670.37 $7,555.31
63938CAH1 NAVIENT CORP 6.75000 06/25/2025 US 17,897.53 $16,823.68
63938EAC8 NAVSL 2014-1 A3 0.67825 06/25/2031 US 131,306.12 $125,656.72
63940YAA4 NAVSL 2019-CA A1 2.82000 02/15/2068 US 56,873.07 $57,159.25
64032XAA3 NSLT 2012-3A A MTGE FLT 0.86825 02/25/2045 US 164,954.65 $156,372.33
64033GAA9 NSLT 2013-5A A MTGE FLT 0.79825 01/25/2037 US 236,690.24 $222,474.86
64110D104 NETAPP INC US NTAP 54.2 $2,414.24
64829DAG1 NRZT 2014-3A AFX3 3.75000 11/25/2054 US 39,093.7 $40,238.17
64829EAA2 NRZT 2015-2A A1 3.75000 08/25/2055 US 51,283.01 $52,764.62
64829LAA6 NRZT 2016-4A A1 3.75000 11/25/2056 US 56,275.81 $58,163.05
65342QAK8 NEXTERA ENERGY OPERATING 4.25000 07/15/2024 US 5,113.58 $5,279.77
65343HAA9 NEXSTAR BROADCASTING INC 5.62500 07/15/2027 US 10,227.16 $10,482.84
655844108 NORFOLK SOUTHN CORP US NSC 31.7 $5,652.54
6642321 NIKON CORP JP 7731 JP 26,897.43 $247,563.49
66727WAA0 NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 CA 56,249.38 $562.49
66987V109 NOVARTIS AG- REG CH NVS 7,524.63 $657,878.62
670346105 NUCOR CORP US NUE 77.22 $3,263.11
67059TAD7 NUSTAR LOGISTICS LP 6.75000 02/01/2021 US 5,113.58 $5,145.54
67401PAB4 OAKTREE SPECIALTY LEND 3.50000 02/25/2025 US 12,783.95 $12,136.49
6742340 SHANDONG WEIGAO CN 1066 HK 20,454.32 $35,877.39
675232AB8 OCEANEERING INTL INC 6.00000 02/01/2028 US 15,340.74 $10,278.30
6821506 SONY CORP FIRST SECTION JP 6758 JP 255.68 $16,559.27
68389X105 ORACLE CORP US ORCL 238.29 $12,813.00
69144AAA7 OXFIN 2020-1A A2 3.10100 02/15/2028 US 153,407.39 $152,133.28
69318FAH1 PBF HOLDING CO LLC 6.00000 02/15/2028 US 10,227.16 $8,590.71
69318UAB1 6.8750000 05/15/2023 6.87500 05/15/2023 US 10,227.16 $9,741.37
69327RAJ0 PDC ENERGY INC 5.75000 05/15/2026 US 5,113.58 $4,723.67
693456AW5 PMTLT 2013-J1 a9 3.50000 09/25/2043 US 138,720.33 $144,290.32
693475105 PNC FINANCIAL SERVICES GROUP US PNC 49.6 $5,656.58
693506107 PPG INDUSTRIES INC US PPG 36.31 $3,691.27
701094104 PARKER HANNIFIN CORP US PH 22.5 $4,049.28
7021963 DEUTSCHE BOERSE AG DE DB1 GR 242.9 $39,993.10
70450Y103 PAYPAL HOLDINGS INC US PYPL 2,958.21 $458,551.49
7123870 NESTLE SA-REGISTERED CH NESN SW 4,597.11 $499,140.47
713448108 PEPSICO INC US PEP 1,582.65 $208,197.99
717081103 PFIZER INC US PFE 623.35 $23,805.56
719245AD4 PHOTO HOLDINGS MERGER SU 8.50000 10/01/2026 US 15,340.74 $13,907.91
71943U104 PHYSICIANS REALTY TRUST US DOC 598.29 $10,332.45
723787107 PIONEER NATURAL RESOURCES CO US PXD 1,165.9 $106,796.09
73179PAM8 POLYONE CORP 5.75000 05/15/2025 US 10,227.16 $10,725.73
733174AK2 POPULAR INC 6.12500 09/14/2023 PR 10,227.16 $10,303.86
741503AZ9 BOOKING HOLDINGS INC 3.60000 06/01/2026 US 409,086.38 $437,167.22
74166MAE6 PRIME SECSRVC BRW/FINANC 6.25000 01/15/2028 US 17,897.53 $16,957.91
74333NAA0 PROGRESS RESIDENTIAL TRUST 3.14700 05/17/2036 US 145,643.95 $149,627.90
74340W103 PROLOGIS US PLD 890.27 $81,460.09
74460D109 PUBLIC STORAGE INC US PSA 168.75 $34,212.00
747525103 QUALCOMM INC US QCOM 111.99 $9,057.54
74834L100 QUEST DIAGNOSTICS INC US DGX 32.73 $3,870.94
750236AW1 RADIAN GROUP INC 4.87500 03/15/2027 US 25,567.9 $23,851.78
75513E101 RAYTHEON TECHNOLOGIES CORP US RTX 189.2 $12,207.34
756109104 REALTY INCOME CORP US O 158.52 $8,767.79
758849103 REGENCY CENTERS CORP US REG 112.5 $4,813.82
7591EP100 REGIONS FINANCIAL CORP. US RF 218.35 $2,469.54
76131D103 RESTAURANT BRANDS INTERN CA QSR 621.3 $33,898.12
76169C100 REXFORD INDUSTRIAL REALITY IN US REXR 357.95 $14,246.43
7698356 GETINGE AB-B SHS SE GETIB SS 1,477.82 $27,433.88
773903109 ROCKWELL AUTOMATION INC US ROK 22.5 $4,863.55
780259107 ROYAL DUTCH SHELL PLC-ADR B NL RDS/B 1,843.45 $56,114.48
783513203 RYANAIR HOLDINGS - ADR IE RYAAY 5,151.93 $369,754.13
78409V104 S&P GLOBAL INC US SPGI 534.37 $173,680.64
78410G104 SBA COMMUNICATIONS CORP US SBAC 981.81 $308,415.13
78442GQJ8 SLMA 2005-7 A4 FLT 1.14138 10/25/2029 US 129,594.68 $126,631.68
78442PGC4 SLM CORP 5.12500 04/05/2022 US 17,897.53 $17,646.07
78449UAB4 SMB 2020-A A2A MTGE 2.23000 09/15/2037 US 230,111.09 $232,104.24
78470RAC1 SOFI 2016-E A2B 2.49000 01/25/2036 US 104,787.6 $105,884.61
78471DAA5 SCLP 2016-1 A 3.26000 08/25/2025 US 41,292.19 $41,524.43
785592AV8 SABINE PASS LIQUEFACTION 5.87500 06/30/2026 US 398,859.22 $458,226.04
79466L302 SALESFORCE.COM US CRM 2,155.37 $376,737.80
806857108 SCHLUMBERGER LTD NL SLB 7,228.04 $133,501.99
808625AA5 SCIENCE APPLICATIONS INT 4.87500 04/01/2028 US 12,783.95 $13,071.59
81141R100 SEA LTD - ADR SG SE 283.8 $22,647.53
81745BAB1 SEMT 2013-6 A2 3.00000 05/25/2043 US 119,208.34 $123,060.31
81745EAA7 SEMT 2013-8 A1 3.00000 06/25/2043 US 56,922.87 $58,656.31
81745MAA9 SEMT 2013-2 1.87400 02/25/2043 US 44,035.55 $44,126.00
81746FAU9 SEMT 2017-6 A19 MTGE 3.50000 09/25/2047 US 243,165.29 $245,419.41
81748MAA6 SEMT 2020-1 A1 3.50000 02/25/2050 US 182,063.69 $186,208.48
81762P102 SERVICENOW INC US NOW 674.99 $261,849.85
83088M102 SKYWORKS SOLUTIONS INC US SWKS 28.64 $3,394.52
832696405 JM SMUCKER CO/THE-NEW COM WI US SJM 28.64 $3,262.50
83401BAB2 SOFI 2017-F A2FX 2.84000 01/25/2041 US 37,882.15 $38,642.49
83404RAB4 SOFI 2018-B A2FX MTGE 3.34000 08/25/2047 US 127,839.49 $131,436.95
83404YAA1 SCLP 2016-5 A 3.06000 09/25/2028 US 13,983.08 $13,912.61
83405TAA1 SCLP 2019-3 A MTGE 2.90000 05/25/2028 US 78,505.26 $79,331.13
83406CAA7 SCLP 2019-2 A MTGE 3.01000 04/25/2028 US 60,886.19 $61,507.40
83406EAB1 SOFI 2018-A A2A 2.39000 02/25/2042 US 13,081.87 $13,097.41
83406TAB8 SOFI 2020-A A2FX MTGE 2.54000 05/15/2046 US 109,941.96 $112,796.34
844741BJ6 SOUTHWEST AIRLINES CO 5.25000 05/04/2025 US 286,360.46 $291,042.60
85172FAN9 SPRINGLEAF FINANCE CORP 7.12500 03/15/2026 US 17,897.53 $17,629.07
85207UAE5 SPRINT CORP 7.25000 09/15/2021 US 5,113.58 $5,359.29
85207UAH8 SPRINT CORP 7.12500 06/15/2024 US 15,340.74 $17,393.33
85254J102 STAG INDUSTRIAL INC US STAG 337.5 $9,078.65
854502101 STANLEY WORKS/THE US SWK 27.1 $3,399.94
855030AN2 STAPLES INC 7.50000 04/15/2026 US 10,227.16 $8,933.94
85571BAP0 STARWOOD PROPERTY TRUST 3.62500 02/01/2021 US 15,340.74 $15,033.92
85571XAA5 SRPT 2014-STAR A FLTG RATE 1.65363 11/15/2027 US 155,007.34 $115,593.29
858912AF5 STERICYCLE INC 5.37500 07/15/2024 US 10,227.16 $10,457.27
862121100 STORE CAPITAL CORP US STOR 406.53 $7,862.28
866674104 SUN COMMUNITIES US SUI 301.7 $41,390.39
867892101 SUNSTONE HOTEL INVESTORS INC US SHO 572.72 $5,068.58
86935CAA0 SCML 2019-SBC8 2.86000 04/25/2041 US 122,686.52 $123,518.67
87105L104 SWITCH INC - A US SWCH 492.95 $9,420.26
871829107 SYSCO CORP US SYY 86.42 $4,766.90
872540AR0 TJX COS INC 3.50000 04/15/2025 US 194,316.03 $216,635.83
87422VAJ7 TALEN ENERGY SUPPLY LLC 7.62500 06/01/2028 US 15,340.74 $15,495.68
87854WAA1 TECHNIPLAS LLC 10.00000 05/01/2020 US 5,113.58 $1,137.77
88032WAN6 TENCENT HOLDINGS 3.97500 04/11/2029 KY 317,041.94 $355,544.52
88146M101 TERRENO REALTY CORP US TRNO 99.71 $5,104.40
882508104 TEXAS INSTRUMENTS INC US TXN 119.66 $14,208.16
883556102 THERMO FISHER SCIENTIFIC INC US TMO 680.11 $237,486.25
88579Y101 3M CO US MMM 77.22 $12,079.52
89151E109 TOTAL S A SPONSORED ADR FR TOT 5,931.75 $222,915.26
89173CAA5 TPMT 2016-5 A1 2.50000 10/25/2056 US 89,249.41 $90,179.07
89173FAA8 TPMT 2017-1 A1 2.75000 10/25/2056 US 85,825.42 $87,061.49
89177EAA7 TPMT 2019-HY1 A1 1.16825 10/25/2048 US 75,813.64 $74,857.74
892231AA9 TOWNSQUARE MEDIA INC 6.50000 04/01/2023 US 12,783.95 $10,099.32
89417E109 TRAVELLERS COS INC US TRV 41.42 $4,431.11
89613BAA5 TAH 2016-SFR1 A 2.58900 11/17/2033 US 112,412.4 $112,980.91
89613FAA6 TAH 2017-SFR2 A 2.92800 01/17/2036 US 122,181.31 $125,666.69
89832Q109 TRUIST FINANCIAL CORP US TFC 212.21 $7,805.21
901109AF5 TUTOR PERINI CORP 6.87500 05/01/2025 US 33,238.27 $29,332.77
902494103 TYSON FOODS INC -CL A US TSN 67.5 $4,147.15
902653104 UDR INC US UDR 294.03 $10,873.26
902973304 U.S. BANCORP US USB 221.42 $7,873.62
904767704 UNILEVER PLC - ADR GB UL 12,415.77 $671,072.45
907818108 UNION PAC CORP US UNP 85.4 $14,505.50
912810FS2 TSY INFL IX N/B 2.00000 01/15/2026 US 1,130,518.39 $1,289,234.77
912810RK6 US TREASURY N/B 2.50000 02/15/2045 US 415,222.67 $512,086.34
912810RX8 US TREASURY N/B 3.00000 05/15/2047 US 502,153.53 $684,458.80
9128286N5 TSY INFL IX N/B 0.50000 04/15/2024 US 839,951.03 $868,707.41
912828D56 US TREASURY N/B 2.37500 08/15/2024 US 3,124,397.21 $3,400,100.86
912828R36 US TREASURY N/B 1.62500 05/15/2026 US 2,086,340.52 $2,234,340.30
912828XB1 UNITED STATES TREAS NTS 2.12500 05/15/2025 US 1,999,409.67 $2,176,310.56
912828YN4 US TREASURY FRN FLT 0.45006 10/31/2021 US 1,094,306.06 $1,097,914.93
91704F104 URBAN EDGE PROPERTIES US UE 715.9 $6,980.04
918204108 VF CORP US VFC 79.77 $4,475.20
91913Y100 VALERO ENERGY US VLO 77.73 $5,179.69
92343VDU5 VERIZON COMMUNICATIONS 5.25000 03/16/2037 US 403,972.8 $542,340.24
92826C839 VISA INC - CLASS A SHARES US V 4,545.97 $887,555.64
92840JAA7 VISTAJET MALTA/XO MGMT 10.50000 06/01/2024 MUL 23,011.11 $18,351.36
92840VAG7 VISTRA OPERATIONS CO LLC 3.70000 01/30/2027 US 10,227.16 $10,388.20
928668BE1 VOLKSWAGEN GROUP AMERICA 3.35000 05/13/2025 US 209,656.77 $218,379.17
93065PAA9 WBHT 2019-WBM A FLT 1.23363 12/15/2033 US 104,828.38 $97,209.82
931142103 WAL MART STORES US WMT 210.68 $26,136.90
94106L109 WASTE MANAGEMENT INC US WM 70.57 $7,533.07
94856UAA9 WEEKLEY HOMES LLC/ FINAN 6.62500 08/15/2025 US 7,670.37 $7,286.85
949746101 WELLS FARGO COMPANY US WFC 473.01 $12,520.47
95040Q104 WELLTOWER INC. US WELL 374.31 $18,966.49
962178AN9 TRI POINTE GROUP / HOMES 5.87500 06/15/2024 US 7,670.37 $7,715.91
966387AH5 WHITING PETROLEUM CORP 5.75000 03/15/2021 US 7,670.37 $901.27
96949LAD7 WILLIAMS PARTNERS LP 3.75000 06/15/2027 US 281,246.88 $299,257.32
97651JAE6 WINWATER MORTGAGE LOAN TRUST 3.50000 03/20/2045 US 13,208.85 $13,256.73
98311A105 WYNDHAM HOTELS & RESORTS INC US WH 370.73 $17,027.84
983919101 XILINX INC US XLNX 39.37 $3,620.49
B02J639 ADMIRAL GROUP PLC GB ADM LN 2,058.22 $59,450.30
B1KFX13 GRUPO AEROPORTUARIO DEL CENT MX OMAB MM 2,659.06 $11,709.73
B1Y47Y7 GERRESHEIMER AG DE GXI GR 363.06 $31,064.00
B1Y9TB3 DANONE FR BN FP 585.5 $40,283.02
B3QJ0H8 TOURMALINE OIL CORP CA TOU CN 3,996.26 $39,705.76
B3ZD2V9 MEX BONOS DESARR FIX RT 6.50000 06/10/2021 MX 276,133.3 $12,617.24
B4888C1 CANADIAN GOVERNMENT FLT 2.75000 06/01/2022 CA 34,260.98 $26,113.84
B4NDCC9 MEX BONOS DESARR FIX RT 6.50000 06/09/2022 MX 449,483.66 $20,796.71
B4YVF56 BRENNTAG AG DE BNR GR 580.39 $30,878.81
B615Y14 MEX BONOS DESARR FIX RT 8.00000 06/11/2020 MX 684,196.97 $30,843.40
B63QM77 NEXON CO LTD JP 3659 JP 34,020.65 $708,848.33
B6TC406 MEX BONOS DESARR FIX RT 7.75000 05/29/2031 MX 86,419.5 $4,307.71
BBG00T36KXJ4 BABA US 05/29/20 P195 CN -6.65 -$6.65
BBG00T7BRKC7 DIS US 05/29/20 C113 US -11.76 -$4,939.72
BBG00TF3H2M6 ATVI US 06/05/20 P70 US -19.43 -$1,165.90
BBG00TKX88P8 NOW US 06/12/20 P330 US -4.09 -$535.90
BBG00TPV7B53 CRM US 06/12/20 C187.5 US -7.16 -$808.97
BBQ3850 KEYWORDS STUDIOS PLC IE KWS LN 465.34 $10,388.64
BGHQ198 HIBERNIA REIT PLC IE HBRN ID 6,752.48 $8,188.26
BJ2KSG2 AKZO NOBEL NL AKZA NA 322.16 $26,454.71
BJVB695 BUONI POLIENNALI DEL TES 2.45000 09/01/2050 IT 102,271.59 $114,802.21
BMMV2K8 TENCENT HOLDINGS LTD CN 700 HK 9,547.05 $517,028.96
BMTRW10 B&M EUROPEAN VALUE RETAIL SA GB BME LN 6,184.87 $29,872.15
BNGN9Z1 FINECOBANK SPA IT FBK IM 3,983.48 $46,659.87
BP9DL90 INDUSTRIA DE DISENO TEXTIL ES ITX SM 1,117.32 $31,121.14
BVYVFW2 AUTO TRADER GROUP PLC GB AUTO LN 2,763.89 $19,211.23
BYYHL23 ANHEUSER-BUSCH INBEV SA/NV BE ABI BB 6,305.04 $294,225.76
BZ0VW78 BINGO INDUSTRIES LTD AU BIN AU 12,845.31 $20,215.66
BZ1HM42 ADYEN NV NL ADYEN NA 12.78 $16,787.75
G0772R208 BANK OF N.T. BUTTERFIELD&SON BM NTB 892.32 $21,799.37
G1151C101 ACCENTURE PLC - CL A IE ACN 201.48 $40,621.40
G29183103 EATON CORP PLC US ETN 75.17 $6,381.90
G51502105 JOHNSON CONTROLS INTERNATIONAL US JCI 165.17 $5,187.95
G5494J103 LINDE PLC GB LIN 49.6 $10,036.41
G5960L103 MEDTRONIC INC IE MDT 2,701.5 $266,314.28
G85158106 STONECO LTD-A BR STNE 478.12 $15,146.83
G8994E103 TRANE TECHNOLOGIES IE TT 37.84 $3,413.59
G97822103 PERRIGO CO PLC IE PRGO 498.57 $27,306.90
H01301128 ALCON INC CH ALC 4,248.36 $269,940.92
H1467J104 CHUBB LTD CH CB 61.36 $7,482.60
H2906T109 GARMIN LTD CH GRMN 32.22 $2,904.88
N53745100 LYONDELLBASELL INDU-CL A US LYB 74.66 $4,760.21

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 R 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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