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 balanced mix of securities that seeks a more stable rate of long-term growth than that of the broad stock market. The portfolio is diversified among fixed income securities, primarily with intermediate to long-term maturities, and various stocks. Stock exposure can range from 23% - 63%.

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.

Learn more about our Glide Range SM

Daily Price

$9.40

Daily $ Change

-$0.03

Daily % Change

-0.32%

as of 02/21/2018

Ticker

MTNZX

CUSIP

56382R654

Inception Date

10/16/2017

This fund is available for qualified retirement plans only.

Important Documents

Summary Prospectus
Prospectus
Statement of Additional Information
Annual Report
Semi-Annual Report
Fact Sheet
Applications & Forms
XBRL-03/14/17

Information on Underlying Investments

Blended Asset Series Prospectus
Blended Asset Series SAI
XBRL Blended Asset Series – 11/02/2017
Blended Asset Series Annual Report
Pro-Blend® 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. Prior to 10/16/2017, the underlying funds were the Manning & Napier Fund, Inc. Pro-Blend Series. The annual report for the Blended Asset Series as of 10/31/2017 and the semi-annual report for the Pro-Blend Series as of 04/30/2017 are provided above.

Annualized Performance

As of 01/31/2018

YTD

1.69%

1 Year

---

3 Year

---

5 Year

---

10 Year

---

Inception
(10/16/2017)

2.25%

Market Cycle

---

Inception performance is based on the Target Series Class I inception of 03/28/2008. For periods through 10/16/2017 (the inception date of the Class R6 shares), performance for the Class R6 shares is based on the historical performance of the Class I shares. Because the Class R6 shares invest in the same portfolio of securities as the Class I shares, performance will be different only to the extent that the Class I shares have a higher expense ratio. Performance data quoted represents past performance and does not guarantee future results. 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 0.62%
Net 0.56%*

*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 prior to the expiration date of 02/29/2028 without the approval of the Fund’s Board of Directors.

Top Ten Investments

As of 01/31/2018

TREASURY NOTES 12.72%
GOVERNMENT AGENCY 10.15%
TREASURY BONDS 4.01%
FACEBOOK INC -A 1.73%
PRICELINE GROUP INC 1.51%
QORVO INC 1.23%
DAVITA INC. 1.20%
SKYWORKS SOLUTIONS INC 1.17%
SERVICENOW INC 1.16%
ANHEUSER-BUSCH INBEV SA/NV 1.12%

Top Ten Investments list is unaudited and excludes cash

Asset Allocation

As of 01/31/2018

Bonds 50.88%
Stocks 31.46%
Cash 17.66%

Detailed Asset Class Allocation

As of 01/31/2018

International Equities 9.42%
Small Capitalization 0.58%
Mid Capitalization 3.91%
Large Capitalization 17.56%
Long Term Fixed Income 10.67%
Intermediate Term Fixed Income 34.96%
Short Term Fixed Income 5.24%
Cash 17.66%

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

January Fund Holdings

As of 01/31/2018

CUSIP Security Description Country Ticker Shares/Par Market Value (USD)
00163UAB2 AMAG PHARMACEUTICALS INC 7.87500 09/01/2023 US 27,187.94 $25,828.54
00206REM0 AT&T INC 3.90000 08/14/2027 US 441,264.92 $439,341.94
00254EML3 SWEDISH EXPORT CREDIT 1.12500 08/28/2019 SE 438,736.66 $431,003.65
00289XAA7 ABENGOA YIELD PLC 7.00000 11/15/2019 GB 10,525.83 $11,012.65
004239109 ACADIA REALTY TRUST US AKR 403.81 $9,917.65
0045614 ANTOFAGASTA PLC GB ANTO LN 12,779.56 $169,137.79
00507VAM1 ACTIVISION BLIZZARD 3.40000 06/15/2027 US 407,712.49 $398,045.49
0053673 ASHTEAD GROUP PLC GB AHT LN 1,108.6 $33,139.37
00772BAF8 AERCAP IRELAND CAP LTD/A 4.50000 05/15/2021 IE 357,801.24 $371,992.87
008492100 AGREE REALTY CORP US ADC 179.51 $8,641.51
00928QAK7 AIRCASTLE LTD 6.25000 12/01/2019 BM 13,748.76 $14,419.01
009563AD9 AIRXCEL INC 8.50000 02/15/2022 US 41,595.29 $44,246.99
015271109 ALEXANDRIA REAL EST EQUITIES US ARE 343.98 $44,613.81
01609W102 ALIBABA GROUP - ADR CN BABA 401.87 $82,098.16
01609WAT9 ALIBABA GROUP HOLDING 3.40000 12/06/2027 KY 326,752.75 $317,106.24
01748XAA0 ALLEGIANT TRAVEL CO 5.50000 07/15/2019 US 25,354.77 $25,988.64
02005NAT7 ALLY FINANCIAL INC 3.50000 01/27/2019 US 15,375.54 $15,437.04
02079K107 ALPHABET INC-CL C US GOOG 317.83 $371,842.28
02079K305 ALPHABET INC-CL A US GOOGL 317.83 $375,745.24
023135106 AMAZON.COM INC US AMZN 262.32 $380,596.31
023135BA3 AMAZON.COM INC 3.15000 08/22/2027 US 203,074.74 $199,167.77
02319V103 AMBEV SA-ADR BR ABEV 113,185.97 $777,587.60
0237400 DIAGEO PLC GB DGE LN 24,287.02 $874,147.13
02376RAA0 AMERICAN AIRLINES GROUP 5.50000 10/01/2019 US 24,644.57 $25,199.08
024835100 AMERICAN CAMPUS COMMUNITIES US ACC 403.81 $15,530.65
02665T306 AMERICAN HOMES 4 RENT- A US AMH 1,524.11 $31,686.23
026874CY1 AMERICAN INTL GROUP 4.12500 02/15/2024 US 291,121.33 $302,349.14
03027XAH3 AMERICAN TOWER CORP 3.30000 02/15/2021 US 396,983.64 $401,498.60
03040WAQ8 AMERICAN WATER CAPITAL C 2.95000 09/01/2027 US 449,914.79 $436,069.58
03064D108 AMERICOLD REALTY TRUST US COLD 734.3 $13,422.99
034863AB6 ANGLO AMERICAN CAPITAL 9.37500 04/08/2019 GB 17,105.51 $18,418.70
034863AT7 ANGLO AMERICAN CAPITAL 4.00000 09/11/2027 GB 368,077.89 $363,994.11
03523TBF4 ANHEUSER-BUSCH INBEV WOR 8.20000 01/15/2039 US 256,005.89 $398,746.20
03748R101 APARTMENT INVT & MGMT CO -A US AIV 826.22 $34,568.86
038222AL9 APPLIED MATERIALS INC 3.30000 04/01/2027 US 405,633.5 $402,717.18
03938LAQ7 ARCELORMITTAL 5.50000 08/05/2020 LU 8,907.85 $9,397.79
03965L100 ARCONIC INC. US ARNC 17,161.92 $515,887.36
0405207 HALMA PLC GB HLMA LN 930.83 $16,894.02
04621WAC4 ASSURED GUARANTY US HLDG 5.00000 07/01/2024 US 470,826.33 $503,887.72
0490656 KERRY GROUP PLC-A IE KYGA LN 312.99 $33,360.81
053484101 AVALONBAY COMMUNITIES INC US AVB 256.9 $43,776.02
05501U106 AZUL S.A SPONSORED ADR PFD BR AZUL 584.47 $17,060.81
05565QCS5 BP CAPITAL MARKETS PLC 3.53500 11/04/2024 GB 409,712.62 $420,052.23
0557681 HOWDEN JOINERY GROUP INC GB HWDN LN 1,731.28 $11,416.37
05582QAD9 BMWOT 2016-A A3 1.16000 11/25/2020 US 341,623.64 $338,616.12
05604LAA0 BWAY 2015-1740 A 2.91700 01/10/2035 US 485,913.68 $470,009.87
058498106 BALL CORP US BLL 18,948.71 $725,356.80
06051GFM6 BANK OF AMERICA CORP 4.00000 01/22/2025 US 291,637.31 $298,357.11
06739FFU0 BARCLAYS BANK PLC 10.17900 06/12/2021 GB 155,281.91 $187,378.21
09061G101 BIOMARIN PHARMACEUTICAL INC US BMRN 8,205.1 $740,346.21
09062X103 BIOGEN IDEC INC US BIIB 1,571.34 $546,526.16
09247X101 BLACKROCK INC US BLK 653.99 $367,412.77
0946580 WEIR GROUP PLC/THE GB WEIR LN 1,912.85 $59,971.40
09627J102 BLUEROCK RESIDENTIAL GROWTH US 799.23 $6,697.58
096630AE8 BOARDWALK PIPELINES LP 5.95000 06/01/2026 US 273,305.63 $300,915.19
101121101 BOSTON PROPERTIES INC US BXP 339.39 $41,986.44
105368203 BRANDYWINE REALTY TRUST US BDN 1,000.62 $17,951.20
110122108 BRISTOL MYERS SQUIBB CO US BMY 5,801.49 $363,173.54
110448107 BRITISH AMERICAN TOB-SP ADR GB BTI 247.8 $16,874.94
11120U105 BRIXMOR PROPERTY GROUP INC US BRX 404.07 $6,558.07
12467AAD0 C&S GROUP ENTERPRISES 5.37500 07/15/2022 US 54,169.48 $50,648.47
12527GAB9 CF INDUSTRIES INC 7.12500 05/01/2020 US 4,479.73 $4,871.70
126307AH0 CSC HOLDINGS LLC 5.25000 06/01/2024 US 48,876.37 $47,654.46
12646XAH5 CSMC 2013-IVR3 A1 2.50000 05/25/2043 US 174,515.3 $162,210.57
12648TAA7 CSMC 2014-IVR3 A1 3.50000 07/25/2044 US 309,265.47 $309,458.76
12770QAA3 CZR 2017-VICI A 3.53100 10/15/2034 US 244,016.88 $248,067.39
133131102 CAMDEN PROPERTY TRUST US CPT 211.07 $18,270.42
13321L108 CAMECO CORP CA CCJ 1,230.59 $11,321.43
14314JAC4 CARMX 2017-1 A3 1.98000 11/15/2021 US 183,012.66 $182,004.79
14912Y202 CATCHMARK TIMBER TRUST INC US CTT 1,570.71 $20,686.28
156504AH5 CENTURY COMMUNITIES 5.87500 07/15/2025 US 52,852.29 $53,579.01
156700BA3 CENTURYLINK INC 7.50000 04/01/2024 US 27,084.74 $27,287.88
161175BB9 CHARTER COMM OPT LLC/CAP 4.46400 07/23/2022 US 9,423.83 $9,747.83
16411QAA9 CHENIERE ENERGY PARTNERS 5.25000 10/01/2025 US 35,334 $35,996.51
16412XAD7 CHENIERE CORP CHRISTI HD 7.00000 06/30/2024 US 5,159.72 $5,869.18
165183AA2 CFII 2016-1A A1 2.11000 03/15/2028 US 7,451.28 $7,451.18
165183AL8 CFII 2017-2A A1 1.99000 05/15/2029 US 603,075.34 $599,454.05
165240102 CHESAPEAKE LODGING TRUST US CHSP 707.06 $19,352.22
172967JL6 CITIGROUP INC 3.87500 03/26/2025 US 396,983.64 $400,016.40
19625JAA1 CAH 2015-1A A 2.75375 07/17/2032 US 161,483.96 $162,017.16
19625W104 COLONY NORTHSTAR INC-CLASS A US CLNS 2,397.19 $21,526.73
198287203 COLUMBIA PROPERTY TRUST INC US CXP 500.05 $10,946.19
20030NBP5 COMCAST CORP 4.40000 08/15/2035 US 229,024.34 $245,659.19
20369C106 COMMUNITY HEALTHCARE TRUST I US CHCT 1,243.78 $33,134.22
20826FAG1 CONOCOPHILLIPS COMPANY 3.35000 05/15/2025 US 197,666.26 $199,284.09
21871N101 CORECIVIC INC US CXW 1,335.69 $31,001.45
21987BAW8 CODELCO INC 3.62500 08/01/2027 CL 371,990.05 $366,990.50
222795106 COUSINS PROPERTIES INC US CUZ 4,094.93 $36,854.37
22530LAA4 CAALT 2017-1A A 2.56000 10/15/2025 US 230,684.68 $229,562.26
22663AAA7 ORTHO-CLINICAL DIAGNOSTI 6.62500 05/15/2022 US 27,239.53 $27,239.53
22822V101 CROWN CASTLE INTL CORP US CCI 279.82 $31,554.86
22944PAA5 CSMC 2013-TH1 A1 2.13000 02/25/2043 US 116,612.9 $109,049.62
229663109 CUBESMART US CUBE 816.79 $22,486.28
2347608 FIRST QUANTUM MINERALS LTD CA FM CN 13,499.51 $201,285.43
23918K108 DAVITA INC. US DVA 14,981 $1,169,116.99
23918KAR9 DAVITA INC 5.00000 05/01/2025 US 35,334 $35,201.50
2434760 MEXICHEM SAB DE CV MX MEXCHEM* MM 3,835.39 $10,878.63
25271C102 DIAMOND OFFSHORE DRILLING US DO 13,123.33 $232,020.56
253868103 DIGITAL REALTY TRUST INC US DLR 348.56 $39,021.28
25470DAR0 DISCOVERY COMMUNICATIONS 3.95000 03/20/2028 US 335,402.62 $327,054.98
25470XAJ4 DISH DBS CORP 5.87500 07/15/2022 US 9,423.83 $9,376.71
256677AC9 DOLLAR GENERAL CORP 3.25000 04/15/2023 US 200,067 $200,108.31
257559AH7 DOMTAR CORP 4.40000 04/01/2022 US 193,908.9 $201,483.16
2643674 GRUPO MEXICO SAB DE CV-SER MX GMEXICOB MM 10,579.27 $37,356.48
26780TAA5 DYNAGAS LNG PARTNERS/FIN 6.25000 10/30/2019 MH 39,813.72 $40,311.39
269246BP8 E*TRADE FINANCIAL CORP 2.95000 08/24/2022 US 203,074.74 $199,542.46
2715777 QUEBECOR INC -CL B CA QBR/B CN 575.57 $11,230.57
2801836 SHAW COMMUNICATIONS INC-B CA SJR/B CN 257.48 $5,620.56
28140H203 EDUCATION REALTY TRUST INC US EDR 252.06 $8,325.56
28370TAG4 KINDER MORGAN ENER PART 4.30000 05/01/2024 US 388,333.77 $401,238.16
285512109 ELECTRONIC ARTS US EA 4,827.61 $612,913.11
2866857 LUNDIN MINING CORP CA LUN CN 21,933.05 $158,524.22
29250NAR6 ENBRIDGE INC 3.70000 07/15/2027 CA 204,106.68 $201,356.30
29372EBL1 ENTERPRISE FLEET FINANCING FLT 1.59000 02/22/2021 US 89,343.86 $89,281.29
29372EBS6 EFF 2016-2 A2 1.74000 02/22/2022 US 7,025.46 $7,003.41
29372JAB3 EFF 2017-2 A2 1.97000 01/20/2023 US 366,025.32 $364,482.67
29413XAB3 ENVIVA PARTNERS LP /FIN C 8.50000 11/01/2021 US 35,540.39 $37,983.79
294429105 EQUIFAX INC US EFX 3,778.33 $472,026.91
29444U700 EQUINIX INC US EQIX 197.32 $89,819.70
294628102 EQUITY COMMONWEALTH US EQC 591.97 $17,705.84
29472R108 EQUITY LIFESTYLE PROPERTIES US ELS 174.15 $15,032.71
29476L107 EQUITY RESIDENTIAL US EQR 504.64 $31,090.70
297178105 ESSEX PROPERTY TRUST INC US ESS 32.34 $7,534.21
298736109 EURONET WORLDWIDE INC US EEFT 4,977.87 $467,272.96
302154BV0 EXPORT-IMPORT BANK KOREA 2.62500 12/30/2020 KR 432,493.4 $428,148.57
30219G108 EXPRESS SCRIPTS HOLDING CO US ESRX 4,502.16 $356,481.02
30219GAK4 EXPRESS SCRIPTS HOLDING 3.50000 06/15/2024 US 367,422.23 $366,610.77
30225T102 EXTRA SPACE STORAGE INC US EXR 339.91 $28,375.69
30287EAE0 FREMF 2014-K41 B FLT 3.83176 11/25/2047 US 25,024.64 $25,341.44
30291EAE4 FREMF 2013-K712 B FLT 3.36181 05/25/2045 US 130,916.72 $132,283.74
30291HAA5 FREMF 2013-K28 X2A 0.10000 06/25/2046 US 20,234,461.02 $81,024.85
30291XAE2 FREMF 2014-K715 B FLT 3.97910 02/25/2046 US 24,302.27 $24,747.99
30303M102 FACEBOOK INC -A US FB 8,999.68 $1,681,949.44
3128M5VT4 FHLM POOL G03926 6.00000 02/01/2038 US 37,010.68 $41,428.87
3128M6NC8 FHLM POOL G04587 5.50000 08/01/2038 US 11,057.4 $12,113.88
3128M6NS3 FHLM POOL G04601 5.50000 07/01/2038 US 12,030.13 $13,165.25
3128M6SU3 FHLM POOL G04731 5.50000 04/01/2038 US 37,170.29 $40,752.02
3128MJ2U3 FHLM GOLD POOL FG G08786 4.50000 10/01/2047 US 372,324.14 $393,617.40
3128MJJT8 FHLM POOL G08273 5.50000 06/01/2038 US 46,632.33 $51,135.38
3128MJZU7 FHLM POOL G08754 4.50000 03/01/2047 US 260,302.84 $274,267.44
3128P75P4 FHLM POOL C91754 4.50000 03/01/2034 US 100,778.15 $107,070.86
3128P75X7 FHLM POOL C91762 4.50000 05/01/2034 US 138,455.96 $147,322.17
3128P76G3 FHLM POOL C91771 4.50000 06/01/2034 US 9,650.85 $10,304.53
3128P76R9 FHLM POOL C91780 4.50000 07/01/2034 US 10,451.79 $11,121.12
3128P8BT7 FHLM POOL C91850 4.00000 09/01/2035 US 249,264.17 $260,410.42
3128P8BX8 FHLM POOL C91854 4.00000 10/01/2035 US 155,542.69 $162,504.50
312941F69 FHLM POOL A92889 4.50000 07/01/2040 US 311,472.88 $329,458.91
3132QQFU1 FHLM POOL Q33778 4.00000 06/01/2045 US 15,468.81 $16,015.24
3132QUNJ8 FHLM POOL Q37592 4.00000 12/01/2045 US 295,922.36 $307,005.93
3132WF3E7 FHLM POOL Q42596 3.50000 08/01/2046 US 226,407 $228,985.70
3132WJX55 FHLM POOL Q45199 4.00000 01/01/2047 US 119,896.24 $123,957.80
3132WJYG0 FHLM POOL Q45210 4.00000 01/01/2047 US 120,536.45 $124,619.70
31335AFY9 FHLM POOL G60183 4.00000 12/01/2044 US 169,254.7 $175,368.27
3135G0ZR7 FEDERAL NATL MTG ASSN 2.62500 09/06/2024 US 1,946,960.29 $1,935,235.70
3137A2B34 FHMS K009 X1 FLT 1.29814 08/25/2020 US 2,067,252.67 $56,580.29
3137AME78 FHMS K017 X1 FLT 1.34820 12/25/2021 US 318,429.2 $13,582.34
3137ATSC7 FEDERAL NATL MTG ASSN KP01 A2 1.72000 01/25/2019 US 4,405.64 $4,394.96
3137AUPF0 FHMS K021 x1 FLT 1.46393 06/25/2022 US 1,577,631.32 $82,825.80
3137B36J2 FHMS K029 A2 3.32000 02/25/2023 US 422,447.89 $433,144.48
3137B3NB0 FHMS K030 X1 FLT 0.20610 04/25/2023 US 8,173,700.14 $76,676.66
3137B4WB8 FHMS K033 A2 3.06000 07/25/2023 US 622,243.05 $630,208.70
3137B5KW2 FHMS K035 A2 3.45800 08/25/2023 US 616,930.23 $637,048.64
3137BT7J4 FHMS KJ10 A2 2.91200 12/25/2023 US 528,504.42 $528,837.59
3137BWVV3 FHMS KJ13 A2 2.86400 08/25/2022 US 334,865.67 $335,872.71
3138EGE26 FEDERAL NATL MTG ASSN AL0152 6.00000 06/01/2040 US 125,138.55 $140,423.22
3138EGHT4 FEDERAL NATL MTG ASSN AL0241 4.00000 04/01/2041 US 168,564.53 $174,927.15
3138EHR87 FEDERAL NATL MTG ASSN AL1410 4.50000 12/01/2041 US 291,395.45 $309,269.76
3138EHXZ0 FEDERAL NATL MTG ASSN AL1595 6.00000 01/01/2040 US 6,863.48 $7,661.51
3138EP2A1 FEDERAL NATL MTG ASSN AL7068 4.50000 09/01/2042 US 278,009.93 $295,482.58
3138EQST0 FEDERAL NATL MTG ASSN AL7729 4.00000 06/01/2043 US 151,455.32 $157,136.76
3138ETT89 FEDERAL NATL MTG ASSN AL8674 FLT 5.65500 01/01/2049 US 333,005.94 $361,071.89
3138WDRZ6 FEDERAL NATL MTG ASSN AS4103 4.50000 12/01/2044 US 17,632.35 $18,819.27
3138Y6Y81 FEDERAL NATL MTG ASSN AX5234 4.50000 11/01/2044 US 179,158.08 $189,006.60
3138YNFD4 FEDERAL NATL MTG ASSN AY8263 3.00000 05/01/2035 US 26,141.29 $25,818.51
3138YUXE6 FEDERAL NATL MTG ASSN AZ3376 4.00000 07/01/2035 US 352,892.15 $368,078.72
31403DDX4 FEDERAL NATL MTG ASSN 745418 5.50000 04/01/2036 US 85,995 $94,603.73
3140E2GZ8 FEDERAL NATL MTG ASSN AZ9215 4.00000 10/01/2045 US 138,946.32 $143,785.18
3140EX2Y8 FEDERAL NATL MTG ASSN BC3490 3.50000 02/01/2046 US 391,996.86 $396,093.60
3140F2QS2 FEDERAL NATL MTG ASSN BC6764 3.50000 04/01/2046 US 208,358.35 $210,537.85
3140F8RB5 FEDERAL NATL MTG ASSN BD1381 3.50000 06/01/2046 US 121,540.23 $122,811.44
3140FPGW3 FEDERAL NATL MTG ASSN BE3812 4.00000 12/01/2046 US 18,169.48 $18,786.92
3140FPGZ6 FEDERAL NATL MTG ASSN BE3815 4.00000 12/01/2046 US 17,528.43 $18,124.10
3140FTWF4 FEDERAL NATL MTG ASSN BE7845 4.50000 02/01/2047 US 109,046.43 $115,623.12
3140Q7HT7 FEDERAL NATL MTG ASSN FN CA0241 4.00000 08/01/2047 US 571,820.81 $593,819.39
31410GCD3 FEDERAL NATL MTG ASSN 888468 5.50000 09/01/2021 US 41,247.85 $42,588.21
31410GN33 FEDERAL NATL MTG ASSN 888810 5.50000 11/01/2022 US 49,616.86 $51,215.02
31416BRR1 FEDERAL NATL MTG ASSN 995196 6.00000 07/01/2038 US 164,286.86 $184,848.95
31417FB72 FEDERAL NATL MTG ASSN AB8161 6.00000 12/01/2037 US 112,820.99 $126,681.61
31417YJC2 FEDERAL NATL MTG ASSN MA0258 4.50000 12/01/2039 US 149,453.34 $158,908.09
31418BBC9 FEDERAL NATL MTG ASSN MA1834 4.50000 02/01/2034 US 127,155.55 $135,263.05
31418BDH6 FEDERAL NATL MTG ASSN MA1903 4.50000 05/01/2034 US 92,737.74 $98,664.40
31418BM37 FEDERAL NATL MTG ASSN MA2177 4.00000 02/01/2035 US 188,876.36 $196,991.37
31418CRE6 FEDERAL NATL MTG ASSN FN MA3184 4.50000 11/01/2047 US 288,470.46 $304,508.30
31418MGR7 FEDERAL NATL MTG ASSN AD0207 6.00000 10/01/2038 US 13,249.12 $14,877.74
31418MKV3 FEDERAL NATL MTG ASSN AD0307 5.50000 01/01/2039 US 8,307.02 $9,113.18
31428X106 FEDEX CORPORATION US FDX 2,104.11 $552,286.18
32054K103 FIRST INDUSTRIAL REALTY TR US FR 839.96 $25,921.30
345605109 FOREST CITY REALTY TRUST - A US FCE/A 766.64 $17,992.98
35563BAJ9 FREMF 2014-K37 B FLT 4.55822 01/25/2047 US 260,284.68 $273,707.95
35802XAA1 FRESENIUS MED CARE US 6.50000 09/15/2018 US 15,375.54 $15,756.82
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36174X101 GGP INC US GGP 1,271.79 $29,289.34
36246MAT6 GTP AQUISITION PARTNERS 2.35000 06/15/2020 US 81,178.3 $80,043.39
371559105 GENESEE & WYOMING INC -CL A US GWR 4,648.81 $371,207.74
374297109 GETTY REALTY CORP US GTY 670.4 $17,591.20
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37953TAB1 GLOBAL SHIP LEASE INC 9.87500 11/15/2022 MH 45,829.2 $46,917.64
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399909100 GRUPO FINANCIERO GALICIA-ADR AR GGAL 383.28 $26,753.02
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40412CAC5 HCA HEALTHCARE INC 6.25000 02/15/2021 US 10,895.81 $11,604.04
40414L109 HCP INC US HCP 1,340.28 $32,273.86
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4116099 BPER BANCA IT BPE IM 2,787.66 $16,269.82
42225P501 HEALTHCARE TRUST OF AMERICA US HTA 698.15 $19,275.97
431318AQ7 HILCORP ENERGY I/HILCORP 5.75000 10/01/2025 US 37,218.76 $38,335.33
431475AB8 HILL-ROM HOLDINGS INC 5.00000 02/15/2025 US 27,187.94 $27,595.76
437302AA0 HOME PARTNERS OF AMERICA FLT RT 3.20945 03/17/2033 US 126,249.9 $126,513.02
43814RAB2 HAROT 2016-4 A2 1.04000 04/18/2019 US 190,663.57 $190,313.36
44107P104 HOST MARRIOTT CORP US HST 863.39 $17,924.08
444454AD4 HUGHES SATELLITE SYSTEMS 5.25000 08/01/2026 US 64,458.3 $65,102.88
4457624 TRIGANO SA FR TRI FP 149.23 $28,969.60
44891GAD6 HALST 2017-B A3 1.97000 07/15/2020 US 488,642.03 $485,977.27
4497749 KBC GROEP NV BE KBC BB 261.8 $25,171.50
45031UCD1 ISTAR INC 5.25000 09/15/2022 US 32,223.07 $32,142.51
45337C102 INCYTE CORP US INCY 6,031.01 $544,539.46
45378A106 INDEPENDENCE REALTY TRUST IN US IRT 1,294.45 $11,895.97
45763PAE6 INMARSAT FINANCE PLC 4.87500 05/15/2022 GB 90,407.9 $89,729.84
459745GH2 INTL LEASE FINANCE CORP 6.25000 05/15/2019 US 28,156.12 $29,411.73
46115HBD8 INTESA SANPAOLO SPA 3.87500 01/12/2028 IT 220,890.45 $215,642.15
46186YAA2 IHSFR 2015-SFR3 A FLT 2.85945 08/17/2032 US 332,200.59 $333,539.53
46187BAA1 IHSFR 2017-SFR2 A 2.40614 12/17/2036 US 81,377.12 $81,884.25
46187BAB9 IHSFR 2017-SFR2 B 2.70614 12/17/2036 US 59,061.99 $59,426.34
46187W107 INVITATION HOMES INC US INVH 1,294.55 $29,114.44
464286608 ISHARES MSCI EMU XX 1,412.68 $65,576.52
464287739 ISHARES DJ US REAL ESTATE US 344.49 $27,063.37
46434G798 ISHARES MSCI RUSSIA CAPPED E RU 444.41 $16,696.37
46640BAC8 JPMMT 2013-2 A2 3.50000 05/25/2043 US 101,076.15 $101,265.68
46641YAA1 JPMMT 2014-2 1A1 3.00000 06/25/2029 US 139,186.76 $138,159.14
46647PAE6 JPMORGAN CHASE & CO 2.77600 04/25/2023 US 406,149.48 $400,738.15
46649HAC6 JPMMT 2017-6 A3 3.50000 12/25/2048 US 20,413.84 $20,375.57
46649HAE2 JPMMT 2017-6 A5 3.50000 12/25/2048 US 368,970.84 $371,838.85
478160104 JOHNSON & JOHNSON US JNJ 5,227.93 $722,447.75
47987LAA9 JONAH NRG LLC/FINANCE 7.25000 10/15/2025 US 54,221.08 $54,695.52
4813345 SKANDINAVISKA ENSKILDA BAN-A SE SEBA SS 1,309.79 $16,552.86
4821100 SOLVAY SA BE SOLB BB 210.36 $30,459.07
4846523 SWEDBANK AB-A SHARES SE SWEDA SS 654.51 $16,738.72
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500630CK2 KOREA DEVELOPMENT BANK 1.37500 09/12/2019 KR 453,132.27 $442,352.64
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50212YAB0 LPL HOLDINGS INC 5.75000 09/15/2025 US 25,457.96 $25,967.12
505742AD8 LADDER CAP FIN LLLP/CORP 5.87500 08/01/2021 US 37,877.36 $39,108.38
5107401 BEIERSDORF AG DE BEI GR 173.18 $20,533.24
512816109 LAMAR ADVERTISING CO US LAMR 229.92 $16,554.24
5129074 FRESENIUS MEDICAL DE FME GR 247.8 $28,561.68
517942108 LASALLE HOTEL PROPERTIES US LHO 413.24 $12,620.25
5228658 RANDSTAD HOLDING NV NL RAND NA 463 $32,682.94
5289837 ERSTE GROUP BANK AG AT EBS AV 331.58 $16,701.74
53223X107 LIFE STORAGE INC US LSI 206.75 $17,180.71
5330047 DASSAULT SYSTEMES SA FR DSY FP 289.82 $33,411.14
539439AM1 LLOYDS BANKING GROUP PLC 4.58200 12/10/2025 GB 418,571.81 $431,561.15
54150E104 LOMA NEGRA CIA IND-SPON ADR AR LOMA 1,047.47 $24,887.91
5458314 AKZO NOBEL NL AKZA NA 360.62 $33,751.98
550021109 LULULEMON - ADR CA LULU 7,560.53 $591,309.22
554382101 THE MACERICH CO US MAC 256.9 $16,588.13
5545670 JUNGHEINRICH AG DE JUN3 GR 604.35 $29,887.62
559222AR5 MAGNA INTERNATIONAL INC 4.15000 10/01/2025 CA 292,954.5 $305,460.59
55933JAB0 MAGNACHIP SEMICONDUCTOR 6.62500 07/15/2021 US 39,000.33 $37,840.07
5633616 SOPRA STERIA GROUP FR SOP FP 163.76 $33,233.72
5669354 REPSOL SA ES REP SM 1,305.21 $24,565.37
5699373 WIENERBERGER AG AT WIE AV 907.4 $24,761.13
5713422 METSO OYJ FI METSO FH 631.59 $22,051.67
5727973 SIEMENS AG-REG DE SIE GR 444.15 $67,424.07
57636Q104 MASTERCARD INC-CLASS A US MA 4,431.81 $748,975.44
580037AB5 MCDERMOTT INTERNATIONAL 8.00000 05/01/2021 PA 36,405.37 $37,452.03
5852842 ACCOR SA FR AC FP 346.36 $19,713.20
58933Y105 MERCK & CO INC US MRK 6,079.57 $360,214.24
59001ABA9 MERITAGE HOMES CORP 5.12500 06/06/2027 US 27,949.73 $28,299.10
594918104 MICROSOFT CORP US MSFT 5,995.52 $569,634.81
59522J103 MID-AMERICA APARTMENT COMM US MAA 298.15 $28,434.35
6174467X1 MORGAN STANLEY 5.00000 11/24/2025 US 306,357.18 $331,482.14
61744YAG3 MORGAN STANLEY FLT 2.61703 05/08/2024 US 304,417.88 $313,702.63
62426EAA3 MOUNTAIN PROVINCE DIAMON 8.00000 12/15/2022 CA 26,981.55 $26,846.64
6291819 CHINA PETROLEUM & CHEMICAL - H CN 386 HK 20,371.24 $17,609.23
62944TAE5 NVR INC 3.95000 09/15/2022 US 328,300.66 $338,728.65
6356934 FANUC LTD JP 6954 JP 96.82 $26,278.22
637417106 NATIONAL RETAIL PROPERTIES US NNN 459.07 $18,215.74
64110W102 NETEASE.COM INC- ADR CN NTES 51.44 $16,470.33
6429104 HITACHI LTD FIRST SECTION JP 6501 JP 5,551.1 $44,296.68
6474494 JOLLIBEE FOODS CORP PH JFC PM 4,382.94 $24,308.83
6474535 JAPAN TOBACCO INC JP 2914 JP 1,034.04 $34,267.91
64829DAG1 NRZT 2014-3A AFX3 3.75000 11/25/2054 US 117,611.44 $119,118.43
64829EAA2 NRZT 2015-2A A1 3.75000 08/25/2055 US 150,564.66 $152,639.51
64829LAA6 NRZT 2016-4A A1 3.75000 11/25/2056 US 154,037.44 $156,062.79
6490995 KEYENCE CORP JP 6861 JP 96.82 $59,166.27
6630940 CHINA EVERBRIGHT INTL LTD HK 257 HK 21,545.81 $32,812.16
66977WAQ2 NOVA CHEMICALS CORP 4.87500 06/01/2024 CA 28,969.51 $29,150.57
66987V109 NOVARTIS AG- REG CH NVS 10,600.31 $954,664.35
683235AA3 ONTARIO (PROVINCE OF) 2.00000 09/27/2018 CA 200,907.66 $200,853.85
68323ADY7 ONTARIO (PROVINCE OF) 1.25000 06/17/2019 CA 176,624.26 $174,215.20
69007J106 OUTFRONT MEDIA INC US OUT 666.07 $14,920.00
69145LAA2 OXFORD FIN LLC/CO-ISS II 6.37500 12/15/2022 US 36,147.39 $37,316.76
697660207 PAMPA ENERGIA SA AR PAM 359.85 $25,369.46
70014LAC4 PARK AEROSPACE HOLDINGS 4.50000 03/15/2023 KY 19,906.86 $19,011.05
7110902 TECAN GROUP AG-REG CH TECN SW 74.87 $16,573.60
7123870 NESTLE SA-REGISTERED CH NESN SW 392.96 $33,944.91
713448CX4 PEPSICO INC 3.10000 07/17/2022 US 202,558.77 $204,725.15
7147892 TEMENOS GROUP AG-REG CH TEMN SW 121.74 $16,823.46
71654QCB6 PETROLEOS MEXICANOS 6.87500 08/04/2026 MX 176,609.16 $199,833.27
71943U104 PHYSICIANS REALTY TRUST US DOC 1,841.36 $30,014.21
7262610 CREDIT AGRICOLE SA FR ACA FP 1,739.93 $32,804.33
729640102 PLYMOUTH INDUSTRIAL REIT INC US 252.83 $4,454.94
733174AJ5 POPULAR INC 7.00000 07/01/2019 US 42,150.7 $43,562.75
7339451 ORPEA SA FR ORP FP 266.64 $33,279.14
7380062 AAREAL BANK AG DE ARL GR 327.25 $16,543.53
7380482 COMPAGNIE DE SAINT-GOBAIN FR SGO FP 701.89 $40,769.08
741503403 PRICELINE GROUP INC US PCLN 767.08 $1,466,691.53
741503AZ9 PRICELINE GROUP INC/THE 3.60000 06/01/2026 US 405,633.5 $403,407.86
74340W103 PROLOGIS US PLD 890.38 $57,972.41
744320AL6 PRUDENTIAL FINANCIAL INC 5.87500 09/15/2042 US 204,106.68 $223,496.82
74460D109 PUBLIC STORAGE INC US PSA 128.58 $25,170.77
74736K101 QORVO INC US QRVO 16,595.58 $1,191,064.89
7520794 BANQUE CANTONALE VAUDOIS-REG CH BCVN SW 22.91 $19,274.54
758849103 REGENCY CENTERS CORP US REG 307.57 $19,349.33
75886F107 REGENERON PHARMACEUTICALS INC US REGN 2,469.83 $905,563.53
76169C100 REXFORD INDUSTRIAL REALITY IN US REXR 298.15 $8,852.01
77340RAK3 ROCKIES EXPRESS PIPELINE 5.62500 04/15/2020 US 47,959.78 $50,357.77
7759435 ILIAD SA FR ILD FP 107.73 $27,872.62
780097AY7 ROYAL BK SCOTLND GRP PLC 6.10000 06/10/2023 GB 10,895.81 $11,823.49
780259107 ROYAL DUTCH SHELL PLC-ADR B NL RDS/B 457.9 $32,936.58
783513203 RYANAIR HOLDINGS - ADR IE RYAAY 275.81 $33,844.64
78408XAD3 SCGT 2013-SRP1 AJ FLT 3.50945 11/15/2026 US 503,003.67 $501,523.28
78442FET1 SLM CORP 6.12500 03/25/2024 US 25,303.17 $25,809.23
78442PGC4 SLM CORP 5.12500 04/05/2022 US 40,988.29 $42,320.41
78470RAC1 SOFI 2016-E A2B 2.49000 01/25/2036 US 349,757.53 $343,071.14
78471DAA5 SCLP 2016-1 A 3.26000 08/25/2025 US 232,982.5 $234,183.17
785592AV8 SABINE PASS LIQUEFACTION 5.87500 06/30/2026 US 184,743.06 $205,727.07
80282KAQ9 SANTANDER HOLDINGS USA 3.40000 01/18/2023 US 284,535.35 $280,920.35
806857108 SCHLUMBERGER LTD NL SLB 10,456.38 $769,380.26
81211K100 SEALED AIR CORP US SEE 9,709.7 $459,754.06
812578102 SEATTLE GENETICS INC US SGEN 13,312.33 $696,234.72
81663AAC9 SEMGROUP CORP 6.37500 03/15/2025 US 54,221.08 $54,356.63
81745EAA7 SEMT 2013-8 A1 3.00000 06/25/2043 US 138,910.57 $135,858.29
81745MAA9 SEMT 2013-2 1.87400 02/25/2043 US 112,487.73 $104,297.21
81762P102 SERVICENOW INC US NOW 7,581.19 $1,128,611.12
81783QAC9 SEVEN GENERATIONS ENERGY 5.37500 09/30/2025 CA 24,489.78 $24,734.68
828806109 SIMON PROPERTY GROUP INC US SPG 468.75 $76,579.32
82967NAY4 SIRIUS XM RADIO INC 3.87500 08/01/2022 US 9,423.83 $9,388.49
83088M102 SKYWORKS SOLUTIONS INC US SWKS 11,682.11 $1,135,618.16
83401BAA4 SOFI 2017-F A1FX 2.05000 01/25/2041 US 79,662.04 $79,292.15
83401BAB2 SOFI 2017-F A2FX 2.84000 01/25/2041 US 61,004.22 $60,450.62
83402QAA0 SCLP 2016-2 A 3.09000 10/27/2025 US 22,977.39 $23,329.92
83404FAB0 SOFI 2017-A A2A 1.55000 03/26/2040 US 167,142.78 $166,108.17
83404YAA1 SCLP 2016-5 A 3.06000 09/25/2028 US 243,293.55 $243,789.68
83405DAB4 SOFI 2017-C A2A 1.75000 07/25/2040 US 79,790.77 $79,331.23
83406EAB1 SOFI 2018-A A2A 2.39000 02/25/2042 US 162,677.92 $162,785.88
834423AA3 SOLVAY FINANCE (AMERICA) 3.40000 12/03/2020 US 181,164.82 $184,083.04
83714RAZ6 SOUTH CAROLINA ST STUDENT LOAN 1.62100 12/01/2023 US 18,108.43 $18,129.07
84265V105 SOUTHERN COPPER CORPORATION US SCCO 4,041.17 $196,198.63
84265VAH8 SOUTHERN COPPER CORP 3.87500 04/23/2025 US 194,424.87 $199,704.62
845467AL3 SOUTHWESTERN ENERGY CO 6.70000 01/23/2025 US 28,104.52 $28,596.35
852061AK6 SPRINT COMMUNICATIONS 9.00000 11/15/2018 US 10,895.81 $11,386.13
852061AR1 SPRINT COMMUNICATIONS 7.00000 08/15/2020 US 10,895.81 $11,499.68
85254J102 STAG INDUSTRIAL INC US STAG 995.78 $25,213.24
85571BAJ4 STARWOOD PROPERTY TRUST 4.75000 03/15/2025 US 40,730.31 $40,221.18
85571XAA5 SRPT 2014-STAR A FLTG RATE 2.77945 11/15/2027 US 278,193.99 $278,023.49
862121100 STORE CAPITAL CORP US STOR 707.58 $17,342.68
866674104 SUN COMMUNITIES US SUI 247.48 $21,985.92
867892101 SUNSTONE HOTEL INVESTORS INC US SHO 1,078.53 $18,173.30
87470LAA9 TALLGRASS NRG PRTNR/FIN 5.50000 09/15/2024 US 50,657.94 $51,797.74
876664103 TAUBMAN CTRS INC US TCO 132.9 $8,193.57
87677QAA9 TXEZ 2016-1A 3.13100 06/15/2028 US 5,521.39 $5,509.98
87854WAA1 TECHNIPLAS LLC 10.00000 05/01/2020 US 39,000.33 $31,980.27
88032WAG1 TENCENT HOLDINGS LTD 3.59500 01/19/2028 KY 370,002.09 $364,537.28
88033GBW9 TENET HEALTHCARE CORP 6.75000 02/01/2020 US 10,895.81 $11,127.35
88146M101 TERRENO REALTY CORP US TRNO 247.74 $8,819.39
882508104 TEXAS INSTRUMENTS INC US TXN 3,358.64 $368,342.57
89173CAA5 TPMT 2016-5 A1 2.50000 10/25/2056 US 270,982.15 $267,646.91
893870204 TRANSPORTADOR GAS SUR-SP ADR AR TGS 711.05 $16,283.07
89613BAA5 TAH 2013-SFR1 A 2.58900 11/17/2033 US 203,745.5 $199,289.61
89613FAA6 TAH 2017-SFR2 A 2.92800 01/17/2036 US 210,692.66 $206,540.35
896356AE2 TRINIDAD DRILLING LTD 6.62500 02/15/2025 CA 39,710.53 $38,916.32
901109AF5 TUTOR PERINI CORP 6.87500 05/01/2025 US 39,865.32 $42,456.57
902653104 UDR INC US UDR 638.06 $23,308.25
903002103 UMH PROPERTIES INC US UMH 905.16 $12,111.00
904767704 UNILEVER PLC - ADR GB UL 12,714.1 $717,965.47
912810FM5 UNITED STATES TREAS BOND 6.25000 05/15/2030 US 709,727.13 $969,054.76
912810PT9 UNITED STATES TREAS BOND 4.75000 02/15/2037 US 1,133,756.5 $1,457,585.69
912810QV3 UNITED STATES TREAS INFL INDEX 0.75000 02/15/2042 US 559,945.9 $557,262.50
912810RK6 US TREASURY N/B 2.50000 02/15/2045 US 796,320.19 $731,588.07
912810RX8 US TREASURY N/B 3.00000 05/15/2047 US 723,721.71 $731,609.14
912828K33 UNITED STATES TREAS INFL INDEX 0.12500 04/15/2020 US 703,409.5 $700,306.60
912828K58 UNITED STATES TREAS NTS 1.37500 04/30/2020 US 1,778,883.08 $1,746,710.31
912828Q78 US TREASURY N/B 1.37500 04/30/2021 US 1,897,959.73 $1,840,279.56
912828R36 US TREASURY N/B 1.62500 05/15/2026 US 1,058,247.59 $973,050.40
912828S92 US TREASURY N/B 1.25000 07/31/2023 US 415,718.53 $387,625.05
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912828WZ9 UNITED STATES TREAS NTS 1.75000 04/30/2022 US 1,996,185.67 $1,939,029.27
912828X88 US TREASURY N/B 2.37500 05/15/2027 US 1,994,310.14 $1,937,596.95
912828XQ8 US TREASURY N/B 2.00000 07/31/2022 US 3,601,740.79 $3,527,032.80
91704F104 URBAN EDGE PROPERTIES US UE 1,450.78 $33,919.30
91911KAJ1 VALEANT PHARMACEUTICALS 6.50000 03/15/2022 CA 8,907.85 $9,333.65
92276F100 VENTAS INC US VTR 288.98 $16,174.32
92339V100 VEREIT INC US VER 2,772.73 $19,963.64
92343VDY7 VERIZON COMMUNICATIONS 4.12500 03/16/2027 US 399,047.52 $410,162.47
92532F100 VERTEX PHARMACEUTICALS INC US VRTX 3,358.64 $560,457.06
92826C839 VISA INC - CLASS A SHARES US V 5,985.84 $743,621.27
929042109 VORNADO REALTY TRUST US VNO 472.81 $33,891.36
948565AC0 WEEKLEY HOMES LLC/ FINAN 6.00000 02/01/2023 US 34,417.41 $34,730.27
94856TAA2 WEEKLEY HOMES LLC/ FINAN 6.62500 08/15/2025 US 35,334 $35,422.33
95040Q104 WELLTOWER INC. US HCN 339.65 $20,368.93
962166104 WEYERHAEUSER CO US WY 13,539.86 $508,286.52
962178AL3 TRI POINTE HOLDINGS INC 4.37500 06/15/2019 US 26,981.55 $27,285.09
962178AN9 TRI POINTE GROUP / HOMES 5.87500 06/15/2024 US 21,740.03 $23,029.21
96949LAD7 WILLIAMS PARTNERS LP 3.75000 06/15/2027 US 302,093.07 $299,968.73
97651JAE6 WINWATER MORTGAGE LOAN TRUST 3.50000 03/20/2045 US 135,054.84 $135,176.11
97652TAA1 WIN 2015-1 A1 3.50000 01/20/2045 US 149,371.86 $149,091.78
98416JAE0 XERIUM TECHNOLOGIES INC 9.50000 08/15/2021 US 30,699.48 $31,198.35
984245100 YPF S.A.-SPONSORED ADR AR YPF 926.77 $22,381.43
98919V105 ZAYO GROUP HOLDINGS INC US ZAYO 15,399.14 $565,148.27
B037HR3 ITAU UNIBANCO HOLDINGS S-PREF BR ITUB4 BZ 1,023.72 $16,792.11
B037JC2 NEXITY FR NXI FP 406.97 $24,522.70
B0386J1 JYSKE BANK-REG DK JYSK DC 289.82 $16,754.20
B06JSP1 SYDBANK A/S DK SYDB DC 406.97 $16,644.01
B0CGYD6 LOJAS RENNER S.A. BR LREN3 BZ 1,374.98 $16,339.25
B0LF188 EFG INTERNATIONAL AG CH EFGN SW 2,240.88 $25,195.48
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B138HB7 KAUFMAN & BROAD SA FR KOF FP 327.25 $17,076.88
B13X013 EIFFAGE FR FGR FP 369.53 $44,800.57
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B1FRH89 M DIAS BRANCO SA BR MDIA3 BZ 1,018.56 $18,309.18
B1FW751 GALP ENERGIA SGPS SA PT GALP PL 1,660.47 $31,719.04
B1HDJL2 NATIXIS FR KN FP 3,629.87 $33,053.38
B1HKSV6 BANCA GENERALI SPA IT BGN IM 663.93 $24,869.17
B1KFX13 GRUPO AEROPORTUARIO DEL CENT MX OMAB MM 1,034.04 $5,265.83
B1NXMK6 IGUATEMI EMP DE SHOPPING BR IGTA3 BZ 1,217.36 $16,430.13
B1VWPC8 UK TSY 5% 2018 5.00000 03/07/2018 GB 57,474.64 $81,967.02
B1WGG93 GEBERIT AG-REG CH GEBN SW 55.77 $26,413.91
B1XFTL2 HEXAGON AB-B SHS SE HEXAB SS 425.56 $25,374.48
B1XH026 VINCI SA FR DG FP 575.05 $62,151.14
B1Y9TB3 DANONE FR BN FP 322.93 $27,793.53
B1YVKN8 ANTA SPORTS PRODUCTS LTD CN 2020 HK 5,602.7 $26,882.25
B1YY4B3 UNIBAIL-RODAMCO SE FR UL NA 134.71 $34,537.99
B232R05 SK INNOVATION CO LTD KR 096770 KS 89.14 $17,069.54
B23FNB7 ALIANSCE SHOPPING CENTERS SA BR ALSC3 BZ 2,893.01 $16,544.45
B283W97 CAIXABANK S.A ES CABK SM 3,630.9 $19,585.67
B2B0DG9 RELX PLC GB REL LN 1,136.87 $25,158.74
B2QY968 HYPERMARCAS SA BR HYPE3 BZ 2,241.08 $25,562.09
B3FP8W8 CANADA HOUSING TRUST 4.10000 12/15/2018 CA 46,733.62 $38,791.56
B3NB1P2 SUNCOR ENERGY INC CA SU CN 444.41 $16,099.81
B3ZD2V9 MEX BONOS DESARR FIX RT 6.50000 06/10/2021 MX 485,048.69 $25,275.41
B4888C1 CANADIAN GOVERNMENT FLT 2.75000 06/01/2022 CA 59,760.02 $49,986.58
B4NDCC9 MEX BONOS DESARR FIX RT 6.50000 06/09/2022 MX 789,424.21 $40,817.58
B4Q2TX3 CHINA LONGYUAN POWER GROUP-H CN 916 HK 47,726.13 $34,836.24
B4R2R50 JULIUS BAER CH BAER SW 247.54 $17,004.97
B4WTBY3 HUANENG RENEWABLES CORP-H CN 958 HK 97,285.43 $33,623.77
B4X4D29 FLEURY SA BR FLRY3 BZ 2,806.51 $26,426.64
B4YN9R2 SINGAPORE GOVERNMENT 2.50000 06/01/2019 SG 104,053.47 $80,418.14
B4YVF56 BRENNTAG AG DE BNR GR 430.66 $27,957.67
B5W0S97 ROYAL BANK OF CANADA 3.77000 03/30/2018 CA 53,911.5 $43,986.09
B615Y14 MEX BONOS DESARR FIX RT 8.00000 06/11/2020 MX 1,195,998.63 $64,950.56
B61JC67 TREASURY WINE ESTATES LTD AU TWE AU 1,833.65 $25,257.98
B63QM77 NEXON CO LTD JP 3659 JP 853.43 $28,514.32
B6TC406 MEX BONOS DESARR FIX RT 7.75000 05/29/2031 MX 151,806.86 $8,187.26
B725S29 PUREGOLD PRICE CLUB INC PH PGOLD PM 23,703.06 $24,627.15
B7311V6 KALBE FARMA TBK PT ID KLBF IJ 197,316.66 $24,538.39
B7FQV64 RAIA DROGASIL S.A. BR RADL3 BZ 651.93 $17,276.30
BB22L96 KION GROUP AG DE KGX GR 360.37 $33,123.22
BBG00GZ6J5V6 QRVO US 02/16/18 P60 US -38.25 -$1,453.53
BBG00H0CF017 REGN US 02/16/18 P360 US -4.79 -$4,626.47
BBG00H63SNZ0 MSFT US 02/16/18 P82.5 US -25.37 -$456.60
BBG00J996YN3 PCLN US 02/16/18 C1920 US -.92 -$3,253.87
BBG00JJ057S6 ARNC US 02/16/18 C32 US -65.81 -$2,435.04
BBG00JJRT8R0 MA US 02/16/18 P140 US -14.16 -$113.29
BBG00JK3HBL3 SGEN US 02/16/18 C60 US -34.74 -$868.48
BBG00JL0VZ39 AMZN US 02/16/18 C1350 US -1.02 -$12,476.99
BBG00JLFDD80 EA US 02/02/18 P97.5 US -20.73 -$103.66
BBG00JLGDG72 FB US 02/02/18 P170 US -12.23 -$611.26
BBG00JM09KM5 AMZN US 02/02/18 P1110 US -1.83 -$124.66
BBG00JP6FK06 SWKS US 02/09/18 C112 US -20.53 -$205.26
BDZZRC1 BOLSAS Y MERCADOS ARGENTINOS AR 921.41 $16,891.35
BFTCYP4 ROBINSONS RETAIL HOLDINGS IN PH RRHI PM 12,995.27 $23,963.99
BGHQ198 HIBERNIA REIT PLC IE HBRN ID 8,836.83 $16,808.22
BGSH2S6 CVC BRASIL OPERADORA E AGENCIA BR CVCB3 BZ 1,212.2 $20,975.67
BH4TZ73 FU SHOU YUAN INTERNATIONAL CN 1448 HK 24,243.96 $21,723.95
BMMV2K8 TENCENT HOLDINGS LTD CN 700 HK 9,167.76 $541,699.35
BNBNSG0 EURONEXT NV NL ENX FP 621.65 $42,113.97
BNGN9Z1 FINECOBANK SPA IT FBK IM 2,656.5 $33,028.83
BP269Z8 AXIA REAL ESTATE SOCIMI SA ES AXIA SM 380.9 $8,313.71
BP9DL90 INDUSTRIA DE DISENO TEXTIL ES ITX SM 463 $16,567.70
BVRZ8L1 AENA SA ES AENA SM 299.5 $65,217.54
BVSS790 ELIS SA FR ELIS FP 982.02 $27,436.93
BYXS699 QIAGEN N.V. NL QIA GR 589.83 $19,728.46
BYYHL23 ANHEUSER-BUSCH INBEV SA/NV BE ABI BB 9,617.52 $1,089,282.31
BYZ43T4 EUROBANK ERGASIAS SA GR EUROB GA 22,856.26 $25,478.81
BYZFYS3 SPIE SA FR SPIE FP 1,318.96 $32,777.37
BYZFZ91 SOPHOS GROUP PLC GB SOPH LN 2,774.17 $25,265.06
BYZR014 AMUNDI SA FR AMUN FP 458.16 $43,231.42
BYZWX76 CRODA INTERNATIONAL PLC GB CRDA LN 523.61 $33,323.77
BZ3C3Q4 BANKIA SA ES BKIA SM 3,785.49 $19,162.43
G02602103 AMDOCS LTD GG DOX 561.82 $38,428.33
G06242104 ATLASSIAN CORP PLC-CLASS A AU TEAM 205.78 $11,109.86
G3157S106 ENSCO INTERNATIONAL INC US ESV 19,120.16 $112,808.97
G37585AC3 GASLOG LTD 8.87500 03/22/2022 BM 38,742.35 $40,873.18
G45667105 HOLLYSYS AUTOMATION TECHNOLOGIES CN HOLI 640.76 $16,256.06
G5960L103 MEDTRONIC INC IE MDT 11,174.33 $959,763.49
G6518L108 NIELSEN HOLDINGS PLC US NLSN 20,341.38 $760,970.92
G68707101 PAGSEGURO DIGITAL LTD-CL A BR PAGS 402.39 $11,242.68
G97822103 PERRIGO CO PLC IE PRGO 364.69 $33,048.33
H8817H100 TRANSOCEAN LTD US RIG 32,896.31 $354,951.17
N47279109 INTERXION HOLDING NX NL INXN 532.65 $33,423.83
N72482123 QIAGEN N.V. ADR NL QGEN 467.84 $15,667.88
USD US DOLLAR US 20,829,640.24 $20,829,640.24

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

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

Daily Price

$9.40

Daily $ Change

-$0.03

Daily % Change

-0.32%

as of 02/21/2018

Ticker

MTNZX

CUSIP

56382R654

Inception Date

10/16/2017

This fund is available for qualified retirement plans only.

Important Documents

Summary Prospectus
Prospectus
Statement of Additional Information
Annual Report
Semi-Annual Report
Fact Sheet
Applications & Forms
XBRL-03/14/17

Information on Underlying Investments

Blended Asset Series Prospectus
Blended Asset Series SAI
XBRL Blended Asset Series – 11/02/2017
Blended Asset Series Annual Report
Pro-Blend® 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. Prior to 10/16/2017, the underlying funds were the Manning & Napier Fund, Inc. Pro-Blend Series. The annual report for the Blended Asset Series as of 10/31/2017 and the semi-annual report for the Pro-Blend Series as of 04/30/2017 are provided above.

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 balanced mix of securities that seeks a more stable rate of long-term growth than that of the broad stock market. The portfolio is diversified among fixed income securities, primarily with intermediate to long-term maturities, and various stocks. Stock exposure can range from 23% - 63%.

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.

Learn more about our Glide Range SM

Annualized Performance

As of 01/31/2018

YTD

1.69%

1 Year

---

3 Year

---

5 Year

---

10 Year

---

Inception
(10/16/2017)

2.25%

Market Cycle

---

Inception performance is based on the Target Series Class I inception of 03/28/2008. For periods through 10/16/2017 (the inception date of the Class R6 shares), performance for the Class R6 shares is based on the historical performance of the Class I shares. Because the Class R6 shares invest in the same portfolio of securities as the Class I shares, performance will be different only to the extent that the Class I shares have a higher expense ratio. Performance data quoted represents past performance and does not guarantee future results. 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 0.62%
Net 0.56%*

*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 prior to the expiration date of 02/29/2028 without the approval of the Fund’s Board of Directors.

Top Ten Investments

As of 01/31/2018

TREASURY NOTES 12.72%
GOVERNMENT AGENCY 10.15%
TREASURY BONDS 4.01%
FACEBOOK INC -A 1.73%
PRICELINE GROUP INC 1.51%
QORVO INC 1.23%
DAVITA INC. 1.20%
SKYWORKS SOLUTIONS INC 1.17%
SERVICENOW INC 1.16%
ANHEUSER-BUSCH INBEV SA/NV 1.12%

Top Ten Investments list is unaudited and excludes cash

Asset Allocation

As of 01/31/2018

Bonds
50.88%
Stocks
31.46%
Cash
17.66%

Detailed Asset Class Allocation

As of 01/31/2018

International Equities
9.42%
Small Capitalization
0.58%
Mid Capitalization
3.91%
Large Capitalization
17.56%
Long Term Fixed Income
10.67%
Intermediate Term Fixed Income
34.96%
Short Term Fixed Income
5.24%
Cash
17.66%

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

January Fund Holdings

As of 01/31/2018

CUSIP Security Description Country Ticker Shares/Par Market Value (USD)
00163UAB2 AMAG PHARMACEUTICALS INC 7.87500 09/01/2023 US 27,187.94 $25,828.54
00206REM0 AT&T INC 3.90000 08/14/2027 US 441,264.92 $439,341.94
00254EML3 SWEDISH EXPORT CREDIT 1.12500 08/28/2019 SE 438,736.66 $431,003.65
00289XAA7 ABENGOA YIELD PLC 7.00000 11/15/2019 GB 10,525.83 $11,012.65
004239109 ACADIA REALTY TRUST US AKR 403.81 $9,917.65
0045614 ANTOFAGASTA PLC GB ANTO LN 12,779.56 $169,137.79
00507VAM1 ACTIVISION BLIZZARD 3.40000 06/15/2027 US 407,712.49 $398,045.49
0053673 ASHTEAD GROUP PLC GB AHT LN 1,108.6 $33,139.37
00772BAF8 AERCAP IRELAND CAP LTD/A 4.50000 05/15/2021 IE 357,801.24 $371,992.87
008492100 AGREE REALTY CORP US ADC 179.51 $8,641.51
00928QAK7 AIRCASTLE LTD 6.25000 12/01/2019 BM 13,748.76 $14,419.01
009563AD9 AIRXCEL INC 8.50000 02/15/2022 US 41,595.29 $44,246.99
015271109 ALEXANDRIA REAL EST EQUITIES US ARE 343.98 $44,613.81
01609W102 ALIBABA GROUP - ADR CN BABA 401.87 $82,098.16
01609WAT9 ALIBABA GROUP HOLDING 3.40000 12/06/2027 KY 326,752.75 $317,106.24
01748XAA0 ALLEGIANT TRAVEL CO 5.50000 07/15/2019 US 25,354.77 $25,988.64
02005NAT7 ALLY FINANCIAL INC 3.50000 01/27/2019 US 15,375.54 $15,437.04
02079K107 ALPHABET INC-CL C US GOOG 317.83 $371,842.28
02079K305 ALPHABET INC-CL A US GOOGL 317.83 $375,745.24
023135106 AMAZON.COM INC US AMZN 262.32 $380,596.31
023135BA3 AMAZON.COM INC 3.15000 08/22/2027 US 203,074.74 $199,167.77
02319V103 AMBEV SA-ADR BR ABEV 113,185.97 $777,587.60
0237400 DIAGEO PLC GB DGE LN 24,287.02 $874,147.13
02376RAA0 AMERICAN AIRLINES GROUP 5.50000 10/01/2019 US 24,644.57 $25,199.08
024835100 AMERICAN CAMPUS COMMUNITIES US ACC 403.81 $15,530.65
02665T306 AMERICAN HOMES 4 RENT- A US AMH 1,524.11 $31,686.23
026874CY1 AMERICAN INTL GROUP 4.12500 02/15/2024 US 291,121.33 $302,349.14
03027XAH3 AMERICAN TOWER CORP 3.30000 02/15/2021 US 396,983.64 $401,498.60
03040WAQ8 AMERICAN WATER CAPITAL C 2.95000 09/01/2027 US 449,914.79 $436,069.58
03064D108 AMERICOLD REALTY TRUST US COLD 734.3 $13,422.99
034863AB6 ANGLO AMERICAN CAPITAL 9.37500 04/08/2019 GB 17,105.51 $18,418.70
034863AT7 ANGLO AMERICAN CAPITAL 4.00000 09/11/2027 GB 368,077.89 $363,994.11
03523TBF4 ANHEUSER-BUSCH INBEV WOR 8.20000 01/15/2039 US 256,005.89 $398,746.20
03748R101 APARTMENT INVT & MGMT CO -A US AIV 826.22 $34,568.86
038222AL9 APPLIED MATERIALS INC 3.30000 04/01/2027 US 405,633.5 $402,717.18
03938LAQ7 ARCELORMITTAL 5.50000 08/05/2020 LU 8,907.85 $9,397.79
03965L100 ARCONIC INC. US ARNC 17,161.92 $515,887.36
0405207 HALMA PLC GB HLMA LN 930.83 $16,894.02
04621WAC4 ASSURED GUARANTY US HLDG 5.00000 07/01/2024 US 470,826.33 $503,887.72
0490656 KERRY GROUP PLC-A IE KYGA LN 312.99 $33,360.81
053484101 AVALONBAY COMMUNITIES INC US AVB 256.9 $43,776.02
05501U106 AZUL S.A SPONSORED ADR PFD BR AZUL 584.47 $17,060.81
05565QCS5 BP CAPITAL MARKETS PLC 3.53500 11/04/2024 GB 409,712.62 $420,052.23
0557681 HOWDEN JOINERY GROUP INC GB HWDN LN 1,731.28 $11,416.37
05582QAD9 BMWOT 2016-A A3 1.16000 11/25/2020 US 341,623.64 $338,616.12
05604LAA0 BWAY 2015-1740 A 2.91700 01/10/2035 US 485,913.68 $470,009.87
058498106 BALL CORP US BLL 18,948.71 $725,356.80
06051GFM6 BANK OF AMERICA CORP 4.00000 01/22/2025 US 291,637.31 $298,357.11
06739FFU0 BARCLAYS BANK PLC 10.17900 06/12/2021 GB 155,281.91 $187,378.21
09061G101 BIOMARIN PHARMACEUTICAL INC US BMRN 8,205.1 $740,346.21
09062X103 BIOGEN IDEC INC US BIIB 1,571.34 $546,526.16
09247X101 BLACKROCK INC US BLK 653.99 $367,412.77
0946580 WEIR GROUP PLC/THE GB WEIR LN 1,912.85 $59,971.40
09627J102 BLUEROCK RESIDENTIAL GROWTH US 799.23 $6,697.58
096630AE8 BOARDWALK PIPELINES LP 5.95000 06/01/2026 US 273,305.63 $300,915.19
101121101 BOSTON PROPERTIES INC US BXP 339.39 $41,986.44
105368203 BRANDYWINE REALTY TRUST US BDN 1,000.62 $17,951.20
110122108 BRISTOL MYERS SQUIBB CO US BMY 5,801.49 $363,173.54
110448107 BRITISH AMERICAN TOB-SP ADR GB BTI 247.8 $16,874.94
11120U105 BRIXMOR PROPERTY GROUP INC US BRX 404.07 $6,558.07
12467AAD0 C&S GROUP ENTERPRISES 5.37500 07/15/2022 US 54,169.48 $50,648.47
12527GAB9 CF INDUSTRIES INC 7.12500 05/01/2020 US 4,479.73 $4,871.70
126307AH0 CSC HOLDINGS LLC 5.25000 06/01/2024 US 48,876.37 $47,654.46
12646XAH5 CSMC 2013-IVR3 A1 2.50000 05/25/2043 US 174,515.3 $162,210.57
12648TAA7 CSMC 2014-IVR3 A1 3.50000 07/25/2044 US 309,265.47 $309,458.76
12770QAA3 CZR 2017-VICI A 3.53100 10/15/2034 US 244,016.88 $248,067.39
133131102 CAMDEN PROPERTY TRUST US CPT 211.07 $18,270.42
13321L108 CAMECO CORP CA CCJ 1,230.59 $11,321.43
14314JAC4 CARMX 2017-1 A3 1.98000 11/15/2021 US 183,012.66 $182,004.79
14912Y202 CATCHMARK TIMBER TRUST INC US CTT 1,570.71 $20,686.28
156504AH5 CENTURY COMMUNITIES 5.87500 07/15/2025 US 52,852.29 $53,579.01
156700BA3 CENTURYLINK INC 7.50000 04/01/2024 US 27,084.74 $27,287.88
161175BB9 CHARTER COMM OPT LLC/CAP 4.46400 07/23/2022 US 9,423.83 $9,747.83
16411QAA9 CHENIERE ENERGY PARTNERS 5.25000 10/01/2025 US 35,334 $35,996.51
16412XAD7 CHENIERE CORP CHRISTI HD 7.00000 06/30/2024 US 5,159.72 $5,869.18
165183AA2 CFII 2016-1A A1 2.11000 03/15/2028 US 7,451.28 $7,451.18
165183AL8 CFII 2017-2A A1 1.99000 05/15/2029 US 603,075.34 $599,454.05
165240102 CHESAPEAKE LODGING TRUST US CHSP 707.06 $19,352.22
172967JL6 CITIGROUP INC 3.87500 03/26/2025 US 396,983.64 $400,016.40
19625JAA1 CAH 2015-1A A 2.75375 07/17/2032 US 161,483.96 $162,017.16
19625W104 COLONY NORTHSTAR INC-CLASS A US CLNS 2,397.19 $21,526.73
198287203 COLUMBIA PROPERTY TRUST INC US CXP 500.05 $10,946.19
20030NBP5 COMCAST CORP 4.40000 08/15/2035 US 229,024.34 $245,659.19
20369C106 COMMUNITY HEALTHCARE TRUST I US CHCT 1,243.78 $33,134.22
20826FAG1 CONOCOPHILLIPS COMPANY 3.35000 05/15/2025 US 197,666.26 $199,284.09
21871N101 CORECIVIC INC US CXW 1,335.69 $31,001.45
21987BAW8 CODELCO INC 3.62500 08/01/2027 CL 371,990.05 $366,990.50
222795106 COUSINS PROPERTIES INC US CUZ 4,094.93 $36,854.37
22530LAA4 CAALT 2017-1A A 2.56000 10/15/2025 US 230,684.68 $229,562.26
22663AAA7 ORTHO-CLINICAL DIAGNOSTI 6.62500 05/15/2022 US 27,239.53 $27,239.53
22822V101 CROWN CASTLE INTL CORP US CCI 279.82 $31,554.86
22944PAA5 CSMC 2013-TH1 A1 2.13000 02/25/2043 US 116,612.9 $109,049.62
229663109 CUBESMART US CUBE 816.79 $22,486.28
2347608 FIRST QUANTUM MINERALS LTD CA FM CN 13,499.51 $201,285.43
23918K108 DAVITA INC. US DVA 14,981 $1,169,116.99
23918KAR9 DAVITA INC 5.00000 05/01/2025 US 35,334 $35,201.50
2434760 MEXICHEM SAB DE CV MX MEXCHEM* MM 3,835.39 $10,878.63
25271C102 DIAMOND OFFSHORE DRILLING US DO 13,123.33 $232,020.56
253868103 DIGITAL REALTY TRUST INC US DLR 348.56 $39,021.28
25470DAR0 DISCOVERY COMMUNICATIONS 3.95000 03/20/2028 US 335,402.62 $327,054.98
25470XAJ4 DISH DBS CORP 5.87500 07/15/2022 US 9,423.83 $9,376.71
256677AC9 DOLLAR GENERAL CORP 3.25000 04/15/2023 US 200,067 $200,108.31
257559AH7 DOMTAR CORP 4.40000 04/01/2022 US 193,908.9 $201,483.16
2643674 GRUPO MEXICO SAB DE CV-SER MX GMEXICOB MM 10,579.27 $37,356.48
26780TAA5 DYNAGAS LNG PARTNERS/FIN 6.25000 10/30/2019 MH 39,813.72 $40,311.39
269246BP8 E*TRADE FINANCIAL CORP 2.95000 08/24/2022 US 203,074.74 $199,542.46
2715777 QUEBECOR INC -CL B CA QBR/B CN 575.57 $11,230.57
2801836 SHAW COMMUNICATIONS INC-B CA SJR/B CN 257.48 $5,620.56
28140H203 EDUCATION REALTY TRUST INC US EDR 252.06 $8,325.56
28370TAG4 KINDER MORGAN ENER PART 4.30000 05/01/2024 US 388,333.77 $401,238.16
285512109 ELECTRONIC ARTS US EA 4,827.61 $612,913.11
2866857 LUNDIN MINING CORP CA LUN CN 21,933.05 $158,524.22
29250NAR6 ENBRIDGE INC 3.70000 07/15/2027 CA 204,106.68 $201,356.30
29372EBL1 ENTERPRISE FLEET FINANCING FLT 1.59000 02/22/2021 US 89,343.86 $89,281.29
29372EBS6 EFF 2016-2 A2 1.74000 02/22/2022 US 7,025.46 $7,003.41
29372JAB3 EFF 2017-2 A2 1.97000 01/20/2023 US 366,025.32 $364,482.67
29413XAB3 ENVIVA PARTNERS LP /FIN C 8.50000 11/01/2021 US 35,540.39 $37,983.79
294429105 EQUIFAX INC US EFX 3,778.33 $472,026.91
29444U700 EQUINIX INC US EQIX 197.32 $89,819.70
294628102 EQUITY COMMONWEALTH US EQC 591.97 $17,705.84
29472R108 EQUITY LIFESTYLE PROPERTIES US ELS 174.15 $15,032.71
29476L107 EQUITY RESIDENTIAL US EQR 504.64 $31,090.70
297178105 ESSEX PROPERTY TRUST INC US ESS 32.34 $7,534.21
298736109 EURONET WORLDWIDE INC US EEFT 4,977.87 $467,272.96
302154BV0 EXPORT-IMPORT BANK KOREA 2.62500 12/30/2020 KR 432,493.4 $428,148.57
30219G108 EXPRESS SCRIPTS HOLDING CO US ESRX 4,502.16 $356,481.02
30219GAK4 EXPRESS SCRIPTS HOLDING 3.50000 06/15/2024 US 367,422.23 $366,610.77
30225T102 EXTRA SPACE STORAGE INC US EXR 339.91 $28,375.69
30287EAE0 FREMF 2014-K41 B FLT 3.83176 11/25/2047 US 25,024.64 $25,341.44
30291EAE4 FREMF 2013-K712 B FLT 3.36181 05/25/2045 US 130,916.72 $132,283.74
30291HAA5 FREMF 2013-K28 X2A 0.10000 06/25/2046 US 20,234,461.02 $81,024.85
30291XAE2 FREMF 2014-K715 B FLT 3.97910 02/25/2046 US 24,302.27 $24,747.99
30303M102 FACEBOOK INC -A US FB 8,999.68 $1,681,949.44
3128M5VT4 FHLM POOL G03926 6.00000 02/01/2038 US 37,010.68 $41,428.87
3128M6NC8 FHLM POOL G04587 5.50000 08/01/2038 US 11,057.4 $12,113.88
3128M6NS3 FHLM POOL G04601 5.50000 07/01/2038 US 12,030.13 $13,165.25
3128M6SU3 FHLM POOL G04731 5.50000 04/01/2038 US 37,170.29 $40,752.02
3128MJ2U3 FHLM GOLD POOL FG G08786 4.50000 10/01/2047 US 372,324.14 $393,617.40
3128MJJT8 FHLM POOL G08273 5.50000 06/01/2038 US 46,632.33 $51,135.38
3128MJZU7 FHLM POOL G08754 4.50000 03/01/2047 US 260,302.84 $274,267.44
3128P75P4 FHLM POOL C91754 4.50000 03/01/2034 US 100,778.15 $107,070.86
3128P75X7 FHLM POOL C91762 4.50000 05/01/2034 US 138,455.96 $147,322.17
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478160104 JOHNSON & JOHNSON US JNJ 5,227.93 $722,447.75
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57636Q104 MASTERCARD INC-CLASS A US MA 4,431.81 $748,975.44
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64110W102 NETEASE.COM INC- ADR CN NTES 51.44 $16,470.33
6429104 HITACHI LTD FIRST SECTION JP 6501 JP 5,551.1 $44,296.68
6474494 JOLLIBEE FOODS CORP PH JFC PM 4,382.94 $24,308.83
6474535 JAPAN TOBACCO INC JP 2914 JP 1,034.04 $34,267.91
64829DAG1 NRZT 2014-3A AFX3 3.75000 11/25/2054 US 117,611.44 $119,118.43
64829EAA2 NRZT 2015-2A A1 3.75000 08/25/2055 US 150,564.66 $152,639.51
64829LAA6 NRZT 2016-4A A1 3.75000 11/25/2056 US 154,037.44 $156,062.79
6490995 KEYENCE CORP JP 6861 JP 96.82 $59,166.27
6630940 CHINA EVERBRIGHT INTL LTD HK 257 HK 21,545.81 $32,812.16
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697660207 PAMPA ENERGIA SA AR PAM 359.85 $25,369.46
70014LAC4 PARK AEROSPACE HOLDINGS 4.50000 03/15/2023 KY 19,906.86 $19,011.05
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7123870 NESTLE SA-REGISTERED CH NESN SW 392.96 $33,944.91
713448CX4 PEPSICO INC 3.10000 07/17/2022 US 202,558.77 $204,725.15
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71654QCB6 PETROLEOS MEXICANOS 6.87500 08/04/2026 MX 176,609.16 $199,833.27
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7262610 CREDIT AGRICOLE SA FR ACA FP 1,739.93 $32,804.33
729640102 PLYMOUTH INDUSTRIAL REIT INC US 252.83 $4,454.94
733174AJ5 POPULAR INC 7.00000 07/01/2019 US 42,150.7 $43,562.75
7339451 ORPEA SA FR ORP FP 266.64 $33,279.14
7380062 AAREAL BANK AG DE ARL GR 327.25 $16,543.53
7380482 COMPAGNIE DE SAINT-GOBAIN FR SGO FP 701.89 $40,769.08
741503403 PRICELINE GROUP INC US PCLN 767.08 $1,466,691.53
741503AZ9 PRICELINE GROUP INC/THE 3.60000 06/01/2026 US 405,633.5 $403,407.86
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744320AL6 PRUDENTIAL FINANCIAL INC 5.87500 09/15/2042 US 204,106.68 $223,496.82
74460D109 PUBLIC STORAGE INC US PSA 128.58 $25,170.77
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7520794 BANQUE CANTONALE VAUDOIS-REG CH BCVN SW 22.91 $19,274.54
758849103 REGENCY CENTERS CORP US REG 307.57 $19,349.33
75886F107 REGENERON PHARMACEUTICALS INC US REGN 2,469.83 $905,563.53
76169C100 REXFORD INDUSTRIAL REALITY IN US REXR 298.15 $8,852.01
77340RAK3 ROCKIES EXPRESS PIPELINE 5.62500 04/15/2020 US 47,959.78 $50,357.77
7759435 ILIAD SA FR ILD FP 107.73 $27,872.62
780097AY7 ROYAL BK SCOTLND GRP PLC 6.10000 06/10/2023 GB 10,895.81 $11,823.49
780259107 ROYAL DUTCH SHELL PLC-ADR B NL RDS/B 457.9 $32,936.58
783513203 RYANAIR HOLDINGS - ADR IE RYAAY 275.81 $33,844.64
78408XAD3 SCGT 2013-SRP1 AJ FLT 3.50945 11/15/2026 US 503,003.67 $501,523.28
78442FET1 SLM CORP 6.12500 03/25/2024 US 25,303.17 $25,809.23
78442PGC4 SLM CORP 5.12500 04/05/2022 US 40,988.29 $42,320.41
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78471DAA5 SCLP 2016-1 A 3.26000 08/25/2025 US 232,982.5 $234,183.17
785592AV8 SABINE PASS LIQUEFACTION 5.87500 06/30/2026 US 184,743.06 $205,727.07
80282KAQ9 SANTANDER HOLDINGS USA 3.40000 01/18/2023 US 284,535.35 $280,920.35
806857108 SCHLUMBERGER LTD NL SLB 10,456.38 $769,380.26
81211K100 SEALED AIR CORP US SEE 9,709.7 $459,754.06
812578102 SEATTLE GENETICS INC US SGEN 13,312.33 $696,234.72
81663AAC9 SEMGROUP CORP 6.37500 03/15/2025 US 54,221.08 $54,356.63
81745EAA7 SEMT 2013-8 A1 3.00000 06/25/2043 US 138,910.57 $135,858.29
81745MAA9 SEMT 2013-2 1.87400 02/25/2043 US 112,487.73 $104,297.21
81762P102 SERVICENOW INC US NOW 7,581.19 $1,128,611.12
81783QAC9 SEVEN GENERATIONS ENERGY 5.37500 09/30/2025 CA 24,489.78 $24,734.68
828806109 SIMON PROPERTY GROUP INC US SPG 468.75 $76,579.32
82967NAY4 SIRIUS XM RADIO INC 3.87500 08/01/2022 US 9,423.83 $9,388.49
83088M102 SKYWORKS SOLUTIONS INC US SWKS 11,682.11 $1,135,618.16
83401BAA4 SOFI 2017-F A1FX 2.05000 01/25/2041 US 79,662.04 $79,292.15
83401BAB2 SOFI 2017-F A2FX 2.84000 01/25/2041 US 61,004.22 $60,450.62
83402QAA0 SCLP 2016-2 A 3.09000 10/27/2025 US 22,977.39 $23,329.92
83404FAB0 SOFI 2017-A A2A 1.55000 03/26/2040 US 167,142.78 $166,108.17
83404YAA1 SCLP 2016-5 A 3.06000 09/25/2028 US 243,293.55 $243,789.68
83405DAB4 SOFI 2017-C A2A 1.75000 07/25/2040 US 79,790.77 $79,331.23
83406EAB1 SOFI 2018-A A2A 2.39000 02/25/2042 US 162,677.92 $162,785.88
834423AA3 SOLVAY FINANCE (AMERICA) 3.40000 12/03/2020 US 181,164.82 $184,083.04
83714RAZ6 SOUTH CAROLINA ST STUDENT LOAN 1.62100 12/01/2023 US 18,108.43 $18,129.07
84265V105 SOUTHERN COPPER CORPORATION US SCCO 4,041.17 $196,198.63
84265VAH8 SOUTHERN COPPER CORP 3.87500 04/23/2025 US 194,424.87 $199,704.62
845467AL3 SOUTHWESTERN ENERGY CO 6.70000 01/23/2025 US 28,104.52 $28,596.35
852061AK6 SPRINT COMMUNICATIONS 9.00000 11/15/2018 US 10,895.81 $11,386.13
852061AR1 SPRINT COMMUNICATIONS 7.00000 08/15/2020 US 10,895.81 $11,499.68
85254J102 STAG INDUSTRIAL INC US STAG 995.78 $25,213.24
85571BAJ4 STARWOOD PROPERTY TRUST 4.75000 03/15/2025 US 40,730.31 $40,221.18
85571XAA5 SRPT 2014-STAR A FLTG RATE 2.77945 11/15/2027 US 278,193.99 $278,023.49
862121100 STORE CAPITAL CORP US STOR 707.58 $17,342.68
866674104 SUN COMMUNITIES US SUI 247.48 $21,985.92
867892101 SUNSTONE HOTEL INVESTORS INC US SHO 1,078.53 $18,173.30
87470LAA9 TALLGRASS NRG PRTNR/FIN 5.50000 09/15/2024 US 50,657.94 $51,797.74
876664103 TAUBMAN CTRS INC US TCO 132.9 $8,193.57
87677QAA9 TXEZ 2016-1A 3.13100 06/15/2028 US 5,521.39 $5,509.98
87854WAA1 TECHNIPLAS LLC 10.00000 05/01/2020 US 39,000.33 $31,980.27
88032WAG1 TENCENT HOLDINGS LTD 3.59500 01/19/2028 KY 370,002.09 $364,537.28
88033GBW9 TENET HEALTHCARE CORP 6.75000 02/01/2020 US 10,895.81 $11,127.35
88146M101 TERRENO REALTY CORP US TRNO 247.74 $8,819.39
882508104 TEXAS INSTRUMENTS INC US TXN 3,358.64 $368,342.57
89173CAA5 TPMT 2016-5 A1 2.50000 10/25/2056 US 270,982.15 $267,646.91
893870204 TRANSPORTADOR GAS SUR-SP ADR AR TGS 711.05 $16,283.07
89613BAA5 TAH 2013-SFR1 A 2.58900 11/17/2033 US 203,745.5 $199,289.61
89613FAA6 TAH 2017-SFR2 A 2.92800 01/17/2036 US 210,692.66 $206,540.35
896356AE2 TRINIDAD DRILLING LTD 6.62500 02/15/2025 CA 39,710.53 $38,916.32
901109AF5 TUTOR PERINI CORP 6.87500 05/01/2025 US 39,865.32 $42,456.57
902653104 UDR INC US UDR 638.06 $23,308.25
903002103 UMH PROPERTIES INC US UMH 905.16 $12,111.00
904767704 UNILEVER PLC - ADR GB UL 12,714.1 $717,965.47
912810FM5 UNITED STATES TREAS BOND 6.25000 05/15/2030 US 709,727.13 $969,054.76
912810PT9 UNITED STATES TREAS BOND 4.75000 02/15/2037 US 1,133,756.5 $1,457,585.69
912810QV3 UNITED STATES TREAS INFL INDEX 0.75000 02/15/2042 US 559,945.9 $557,262.50
912810RK6 US TREASURY N/B 2.50000 02/15/2045 US 796,320.19 $731,588.07
912810RX8 US TREASURY N/B 3.00000 05/15/2047 US 723,721.71 $731,609.14
912828K33 UNITED STATES TREAS INFL INDEX 0.12500 04/15/2020 US 703,409.5 $700,306.60
912828K58 UNITED STATES TREAS NTS 1.37500 04/30/2020 US 1,778,883.08 $1,746,710.31
912828Q78 US TREASURY N/B 1.37500 04/30/2021 US 1,897,959.73 $1,840,279.56
912828R36 US TREASURY N/B 1.62500 05/15/2026 US 1,058,247.59 $973,050.40
912828S92 US TREASURY N/B 1.25000 07/31/2023 US 415,718.53 $387,625.05
912828UH1 UNITED STATES TREAS INFL INDEX 0.12500 01/15/2023 US 538,702.61 $530,070.08
912828WZ9 UNITED STATES TREAS NTS 1.75000 04/30/2022 US 1,996,185.67 $1,939,029.27
912828X88 US TREASURY N/B 2.37500 05/15/2027 US 1,994,310.14 $1,937,596.95
912828XQ8 US TREASURY N/B 2.00000 07/31/2022 US 3,601,740.79 $3,527,032.80
91704F104 URBAN EDGE PROPERTIES US UE 1,450.78 $33,919.30
91911KAJ1 VALEANT PHARMACEUTICALS 6.50000 03/15/2022 CA 8,907.85 $9,333.65
92276F100 VENTAS INC US VTR 288.98 $16,174.32
92339V100 VEREIT INC US VER 2,772.73 $19,963.64
92343VDY7 VERIZON COMMUNICATIONS 4.12500 03/16/2027 US 399,047.52 $410,162.47
92532F100 VERTEX PHARMACEUTICALS INC US VRTX 3,358.64 $560,457.06
92826C839 VISA INC - CLASS A SHARES US V 5,985.84 $743,621.27
929042109 VORNADO REALTY TRUST US VNO 472.81 $33,891.36
948565AC0 WEEKLEY HOMES LLC/ FINAN 6.00000 02/01/2023 US 34,417.41 $34,730.27
94856TAA2 WEEKLEY HOMES LLC/ FINAN 6.62500 08/15/2025 US 35,334 $35,422.33
95040Q104 WELLTOWER INC. US HCN 339.65 $20,368.93
962166104 WEYERHAEUSER CO US WY 13,539.86 $508,286.52
962178AL3 TRI POINTE HOLDINGS INC 4.37500 06/15/2019 US 26,981.55 $27,285.09
962178AN9 TRI POINTE GROUP / HOMES 5.87500 06/15/2024 US 21,740.03 $23,029.21
96949LAD7 WILLIAMS PARTNERS LP 3.75000 06/15/2027 US 302,093.07 $299,968.73
97651JAE6 WINWATER MORTGAGE LOAN TRUST 3.50000 03/20/2045 US 135,054.84 $135,176.11
97652TAA1 WIN 2015-1 A1 3.50000 01/20/2045 US 149,371.86 $149,091.78
98416JAE0 XERIUM TECHNOLOGIES INC 9.50000 08/15/2021 US 30,699.48 $31,198.35
984245100 YPF S.A.-SPONSORED ADR AR YPF 926.77 $22,381.43
98919V105 ZAYO GROUP HOLDINGS INC US ZAYO 15,399.14 $565,148.27
B037HR3 ITAU UNIBANCO HOLDINGS S-PREF BR ITUB4 BZ 1,023.72 $16,792.11
B037JC2 NEXITY FR NXI FP 406.97 $24,522.70
B0386J1 JYSKE BANK-REG DK JYSK DC 289.82 $16,754.20
B06JSP1 SYDBANK A/S DK SYDB DC 406.97 $16,644.01
B0CGYD6 LOJAS RENNER S.A. BR LREN3 BZ 1,374.98 $16,339.25
B0LF188 EFG INTERNATIONAL AG CH EFGN SW 2,240.88 $25,195.48
B11ZRK9 LEGRAND SA FR LR FP 308.41 $25,658.89
B138HB7 KAUFMAN & BROAD SA FR KOF FP 327.25 $17,076.88
B13X013 EIFFAGE FR FGR FP 369.53 $44,800.57
B15C557 TOTAL SA FR FP FP 425.82 $24,689.00
B1FRH89 M DIAS BRANCO SA BR MDIA3 BZ 1,018.56 $18,309.18
B1FW751 GALP ENERGIA SGPS SA PT GALP PL 1,660.47 $31,719.04
B1HDJL2 NATIXIS FR KN FP 3,629.87 $33,053.38
B1HKSV6 BANCA GENERALI SPA IT BGN IM 663.93 $24,869.17
B1KFX13 GRUPO AEROPORTUARIO DEL CENT MX OMAB MM 1,034.04 $5,265.83
B1NXMK6 IGUATEMI EMP DE SHOPPING BR IGTA3 BZ 1,217.36 $16,430.13
B1VWPC8 UK TSY 5% 2018 5.00000 03/07/2018 GB 57,474.64 $81,967.02
B1WGG93 GEBERIT AG-REG CH GEBN SW 55.77 $26,413.91
B1XFTL2 HEXAGON AB-B SHS SE HEXAB SS 425.56 $25,374.48
B1XH026 VINCI SA FR DG FP 575.05 $62,151.14
B1Y9TB3 DANONE FR BN FP 322.93 $27,793.53
B1YVKN8 ANTA SPORTS PRODUCTS LTD CN 2020 HK 5,602.7 $26,882.25
B1YY4B3 UNIBAIL-RODAMCO SE FR UL NA 134.71 $34,537.99
B232R05 SK INNOVATION CO LTD KR 096770 KS 89.14 $17,069.54
B23FNB7 ALIANSCE SHOPPING CENTERS SA BR ALSC3 BZ 2,893.01 $16,544.45
B283W97 CAIXABANK S.A ES CABK SM 3,630.9 $19,585.67
B2B0DG9 RELX PLC GB REL LN 1,136.87 $25,158.74
B2QY968 HYPERMARCAS SA BR HYPE3 BZ 2,241.08 $25,562.09
B3FP8W8 CANADA HOUSING TRUST 4.10000 12/15/2018 CA 46,733.62 $38,791.56
B3NB1P2 SUNCOR ENERGY INC CA SU CN 444.41 $16,099.81
B3ZD2V9 MEX BONOS DESARR FIX RT 6.50000 06/10/2021 MX 485,048.69 $25,275.41
B4888C1 CANADIAN GOVERNMENT FLT 2.75000 06/01/2022 CA 59,760.02 $49,986.58
B4NDCC9 MEX BONOS DESARR FIX RT 6.50000 06/09/2022 MX 789,424.21 $40,817.58
B4Q2TX3 CHINA LONGYUAN POWER GROUP-H CN 916 HK 47,726.13 $34,836.24
B4R2R50 JULIUS BAER CH BAER SW 247.54 $17,004.97
B4WTBY3 HUANENG RENEWABLES CORP-H CN 958 HK 97,285.43 $33,623.77
B4X4D29 FLEURY SA BR FLRY3 BZ 2,806.51 $26,426.64
B4YN9R2 SINGAPORE GOVERNMENT 2.50000 06/01/2019 SG 104,053.47 $80,418.14
B4YVF56 BRENNTAG AG DE BNR GR 430.66 $27,957.67
B5W0S97 ROYAL BANK OF CANADA 3.77000 03/30/2018 CA 53,911.5 $43,986.09
B615Y14 MEX BONOS DESARR FIX RT 8.00000 06/11/2020 MX 1,195,998.63 $64,950.56
B61JC67 TREASURY WINE ESTATES LTD AU TWE AU 1,833.65 $25,257.98
B63QM77 NEXON CO LTD JP 3659 JP 853.43 $28,514.32
B6TC406 MEX BONOS DESARR FIX RT 7.75000 05/29/2031 MX 151,806.86 $8,187.26
B725S29 PUREGOLD PRICE CLUB INC PH PGOLD PM 23,703.06 $24,627.15
B7311V6 KALBE FARMA TBK PT ID KLBF IJ 197,316.66 $24,538.39
B7FQV64 RAIA DROGASIL S.A. BR RADL3 BZ 651.93 $17,276.30
BB22L96 KION GROUP AG DE KGX GR 360.37 $33,123.22
BBG00GZ6J5V6 QRVO US 02/16/18 P60 US -38.25 -$1,453.53
BBG00H0CF017 REGN US 02/16/18 P360 US -4.79 -$4,626.47
BBG00H63SNZ0 MSFT US 02/16/18 P82.5 US -25.37 -$456.60
BBG00J996YN3 PCLN US 02/16/18 C1920 US -.92 -$3,253.87
BBG00JJ057S6 ARNC US 02/16/18 C32 US -65.81 -$2,435.04
BBG00JJRT8R0 MA US 02/16/18 P140 US -14.16 -$113.29
BBG00JK3HBL3 SGEN US 02/16/18 C60 US -34.74 -$868.48
BBG00JL0VZ39 AMZN US 02/16/18 C1350 US -1.02 -$12,476.99
BBG00JLFDD80 EA US 02/02/18 P97.5 US -20.73 -$103.66
BBG00JLGDG72 FB US 02/02/18 P170 US -12.23 -$611.26
BBG00JM09KM5 AMZN US 02/02/18 P1110 US -1.83 -$124.66
BBG00JP6FK06 SWKS US 02/09/18 C112 US -20.53 -$205.26
BDZZRC1 BOLSAS Y MERCADOS ARGENTINOS AR 921.41 $16,891.35
BFTCYP4 ROBINSONS RETAIL HOLDINGS IN PH RRHI PM 12,995.27 $23,963.99
BGHQ198 HIBERNIA REIT PLC IE HBRN ID 8,836.83 $16,808.22
BGSH2S6 CVC BRASIL OPERADORA E AGENCIA BR CVCB3 BZ 1,212.2 $20,975.67
BH4TZ73 FU SHOU YUAN INTERNATIONAL CN 1448 HK 24,243.96 $21,723.95
BMMV2K8 TENCENT HOLDINGS LTD CN 700 HK 9,167.76 $541,699.35
BNBNSG0 EURONEXT NV NL ENX FP 621.65 $42,113.97
BNGN9Z1 FINECOBANK SPA IT FBK IM 2,656.5 $33,028.83
BP269Z8 AXIA REAL ESTATE SOCIMI SA ES AXIA SM 380.9 $8,313.71
BP9DL90 INDUSTRIA DE DISENO TEXTIL ES ITX SM 463 $16,567.70
BVRZ8L1 AENA SA ES AENA SM 299.5 $65,217.54
BVSS790 ELIS SA FR ELIS FP 982.02 $27,436.93
BYXS699 QIAGEN N.V. NL QIA GR 589.83 $19,728.46
BYYHL23 ANHEUSER-BUSCH INBEV SA/NV BE ABI BB 9,617.52 $1,089,282.31
BYZ43T4 EUROBANK ERGASIAS SA GR EUROB GA 22,856.26 $25,478.81
BYZFYS3 SPIE SA FR SPIE FP 1,318.96 $32,777.37
BYZFZ91 SOPHOS GROUP PLC GB SOPH LN 2,774.17 $25,265.06
BYZR014 AMUNDI SA FR AMUN FP 458.16 $43,231.42
BYZWX76 CRODA INTERNATIONAL PLC GB CRDA LN 523.61 $33,323.77
BZ3C3Q4 BANKIA SA ES BKIA SM 3,785.49 $19,162.43
G02602103 AMDOCS LTD GG DOX 561.82 $38,428.33
G06242104 ATLASSIAN CORP PLC-CLASS A AU TEAM 205.78 $11,109.86
G3157S106 ENSCO INTERNATIONAL INC US ESV 19,120.16 $112,808.97
G37585AC3 GASLOG LTD 8.87500 03/22/2022 BM 38,742.35 $40,873.18
G45667105 HOLLYSYS AUTOMATION TECHNOLOGIES CN HOLI 640.76 $16,256.06
G5960L103 MEDTRONIC INC IE MDT 11,174.33 $959,763.49
G6518L108 NIELSEN HOLDINGS PLC US NLSN 20,341.38 $760,970.92
G68707101 PAGSEGURO DIGITAL LTD-CL A BR PAGS 402.39 $11,242.68
G97822103 PERRIGO CO PLC IE PRGO 364.69 $33,048.33
H8817H100 TRANSOCEAN LTD US RIG 32,896.31 $354,951.17
N47279109 INTERXION HOLDING NX NL INXN 532.65 $33,423.83
N72482123 QIAGEN N.V. ADR NL QGEN 467.84 $15,667.88
USD US DOLLAR US 20,829,640.24 $20,829,640.24

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

Distributions

  • Target 2020 Series Class R6 Distribution History
  • 2018 Distribution Calendar
  • Fourth Quarter 2017 Distributions
  • Third Quarter 2017 Distributions
  • Second Quarter 2017 Distributions
  • First Quarter 2017 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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