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 26% - 66%.

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 2025
  • Who 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

$13.18

Daily $ Change

$0.05

Daily % Change

0.38%

as of 12/11/2019

Ticker

MTORX

CUSIP

56382P385

Inception Date

06/25/2012

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
XBRL Blended Asset Series – 11/02/2017
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 11/30/2019

YTD

15.44%

1 Year

12.04%

3 Year

7.76%

5 Year

3.88%

10 Year

---

Inception
(06/25/2012)

7.14%

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 1.47%
Net 1.23%*

*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 11/30/2019

TREASURY NOTES 12.06%
GOVERNMENT AGENCY 10.57%
TREASURY BONDS 6.55%
UNITED STATES TREAS INFL INDEX 0.12500 04/15/2020 2.64%
FACEBOOK INC -A 1.77%
NOVARTIS AG- REG 1.50%
MEDTRONIC INC 1.49%
MASTERCARD INC-CLASS A 1.47%
NEXON CO LTD 1.42%
MICROSOFT CORP 1.38%

Top Ten Investments list is unaudited and excludes cash

Asset Allocation

As of 11/30/2019

Bonds 53.99%
Stocks 43.81%
Cash 2.20%

Detailed Asset Class Allocation

As of 11/30/2019

International Equities 16.01%
Small Capitalization 0.22%
Mid Capitalization 1.37%
Large Capitalization 26.21%
Long Term Fixed Income 15.77%
Intermediate Term Fixed Income 30.24%
Short Term Fixed Income 7.98%
Cash 2.20%

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

November Fund Holdings

As of 11/30/2019

CUSIP Security Description Country Ticker Shares/Par Market Value (USD)
00101JAK2 ADT SEC CORP 6.25000 10/15/2021 US 6,883.41 $7,296.42
00206RDQ2 AT&T INC 4.25000 03/01/2027 US 333,944.04 $365,336.79
00287Y109 ABBVIE INC US ABBV 256.84 $22,532.83
004239109 ACADIA REALTY TRUST US AKR 217.77 $5,853.68
00489LAA1 ACRISURE LLC / FIN INC 7.00000 11/15/2025 US 10,742.37 $9,632.90
00507V109 ACTIVISION INC US ATVI 10,521.73 $576,906.31
00774MAG0 AERCAP IRELAND CAP / GLOBA 4.45000 10/01/2025 IE 335,613.06 $361,209.27
00791GAA5 AG MERGER SUB II INC 10.75000 08/01/2027 US 10,742.37 $10,554.38
008492100 AGREE REALTY CORP US ADC 134.75 $10,076.61
013093AD1 ALBERTSONS COS LLC/SAFEW 5.75000 03/15/2025 US 7,717.92 $7,872.28
015271109 ALEXANDRIA REAL EST EQUITIES US ARE 47.98 $7,797.15
01609W102 ALIBABA GROUP - ADR CN BABA 257.61 $51,522.94
01609WAT9 ALIBABA GROUP HOLDING 3.40000 12/06/2027 KY 275,751.18 $286,363.77
020002101 ALLSTATE CORPORATION US ALL 62.39 $6,947.21
02079K107 ALPHABET INC-CL C US GOOG 353.88 $461,801.05
02079K305 ALPHABET INC-CL A US GOOGL 353.05 $460,404.90
023135106 AMAZON.COM INC US AMZN 302.57 $544,862.31
02319V103 AMBEV SA-ADR BR ABEV 35,408.1 $149,068.12
0237400 DIAGEO PLC GB DGE LN 7,976.56 $325,894.83
024835100 AMERICAN CAMPUS COMMUNITIES US ACC 352.83 $16,950.16
0263494 BAE SYSTEMS PLC GB BA/ LN 7,306.03 $54,104.27
02665T306 AMERICAN HOMES 4 RENT- A US AMH 1,104.81 $29,509.49
03019LAA4 AMERICAN TANKER INC 9.25000 02/22/2022 US 17,625.78 $17,976.86
03027X100 AMERICAN TOWER REIT INC US AMT 1,401.34 $299,929.66
03027XAW0 AMERICAN TOWER CORP 3.80000 08/15/2029 US 342,916.29 $365,683.59
03064D108 AMERICOLD REALTY TRUST US COLD 662.39 $24,918.95
031162100 AMGEN INC US AMGN 114.85 $26,958.15
03690AAD8 ANTERO MIDSTREAM PART / FI 5.75000 03/01/2027 US 6,883.41 $5,437.90
03690AAF3 ANTERO MIDSTREAM PART/FI 5.75000 01/15/2028 US 6,883.41 $5,317.44
03748R754 APARTMENT INVT & MGMT CO -A US AIV 577.72 $31,063.91
038222105 APPLIED MATERIALS INC US AMAT 163.56 $9,470.08
039483102 ARCHER-DANIELS-MIDLAND CO US ADM 119.48 $5,129.41
045086AF2 ASHTON WOODS USA/FINANCE 6.75000 08/01/2025 US 6,883.41 $6,978.06
053484101 AVALONBAY COMMUNITIES INC US AVB 206.19 $44,210.04
054937107 BB&T CORP US BBT 135.65 $7,422.73
05722G100 BAKER HUGHES CO US BKR 216.96 $4,864.23
060505104 BANK OF AMERICA CORP US BAC 862.87 $28,750.95
06051GFM6 BANK OF AMERICA CORP 4.00000 01/22/2025 US 503,940.52 $536,249.21
084670702 BERKSHIRE HATHAWAY INC-CL B US BRK/B 3,394.04 $747,706.89
086516101 BEST BUY INC US BBY 88.15 $7,108.60
09061G101 BIOMARIN PHARMACEUTICAL INC US BMRN 5,035.9 $406,447.36
09247X101 BLACKROCK INC US BLK 322.7 $159,705.54
0946580 WEIR GROUP PLC/THE GB WEIR LN 2,529.21 $45,573.91
097023105 BOEING CO US BA 76.51 $28,017.39
09857L108 BOOKING HOLDINGS INC US BKNG 150.61 $286,757.75
101121101 BOSTON PROPERTIES INC US BXP 181.27 $25,112.72
105368203 BRANDYWINE REALTY TRUST US BDN 1,762.07 $27,188.79
110122108 BRISTOL MYERS SQUIBB CO US BMY 290.82 $16,559.46
110448107 BRITISH AMERICAN TOB-SP ADR GB BTI 658.64 $26,088.66
11135F101 BROADCOM INC US AVGO 58.97 $18,646.83
11680JAA0 BRUIN E&P PARTNERS LLC 8.87500 08/01/2023 US 6,883.41 $4,405.38
12429TAE4 BWAY HOLDING CO 7.25000 04/15/2025 US 6,883.41 $6,522.03
12503M108 CBOE GLOBAL MARKETS INC US CBOE 2,515.67 $299,112.97
12510GAB8 CCG 2019-1 A2 2.80000 09/14/2026 US 376,498.84 $379,416.48
12541W209 C.H. ROBINSON WORLDWIDE INC US CHRW 56.65 $4,353.89
12555DAA3 CIM 2019-INV1 A1 4.00000 02/25/2049 US 69,420.84 $70,740.93
12572Q105 CME GROUP INC US CME 1,454.32 $294,833.76
12646XAH5 CSMC 2013-IVR3 A1 2.50000 05/25/2043 US 99,167.82 $97,776.10
12648TAA7 CSMC 2014-IVR3 A1 3.50000 07/25/2044 US 162,192.24 $164,326.86
126650100 CVS HEALTH CORP US CVS 240.07 $18,070.21
12770QAA3 CZR 2017-VICI A 3.53100 10/15/2034 US 131,396.62 $136,379.88
131477AT8 CALUMET SPECIALTY PROD 11.00000 04/15/2025 US 10,742.37 $10,809.73
133131102 CAMDEN PROPERTY TRUST US CPT 209.22 $23,338.31
13321L108 CAMECO CORP CA CCJ 3,765.97 $34,835.24
149123101 CATERPILLAR INC US CAT 101.34 $14,666.27
14980AAA0 CAZENOVIA CREEK FUNDING LLC 3.56070 07/15/2030 US 113,613.55 $114,348.09
156700AW6 CENTURYLINK INC 5.62500 04/01/2020 US 6,883.41 $6,952.87
165183BB9 CFII 2017-4A A1 2.12000 11/15/2029 US 185,884.3 $185,817.42
166764100 CHEVRON CORP US CVX 202.07 $23,667.98
17275R102 CISCO SYSTEMS INC US CSCO 603.21 $27,331.66
172967424 CITIGROUP INC US C 251.27 $18,875.66
172967EW7 CITIGROUP INC 8.12500 07/15/2039 US 167,285.6 $277,117.99
191216100 COCA COLA CO/THE US KO 11,103.46 $592,924.70
192422103 COGNEX CORP US CGNX 3,077.29 $154,418.47
194162103 COLGATE-PALMOLIVE CO US CL 180.33 $12,230.00
20030NCY5 COMCAST CORP 3.25000 11/01/2039 US 277,420.2 $281,674.16
20369C106 COMMUNITY HEALTHCARE TRUST I US CHCT 392.26 $18,671.51
20451NAG6 COMPASS MINERALS INTERNA 6.75000 12/01/2027 US 14,601.33 $15,112.38
205887102 CONAGRA BRAND INC. US CAG 134.71 $3,889.10
222795502 COUSINS PROPERTIES INC US CUZ 1,074 $43,486.25
22546QAD9 CREDIT SUISSE AG 5.40000 01/14/2020 CH 302,455.45 $303,602.83
22822V101 CROWN CASTLE INTL CORP US CCI 149.66 $20,004.22
22944PAA5 CSMC 2013-TH1 A1 2.13000 02/25/2043 US 46,174.87 $44,923.45
231021106 CUMMINS INC US CMI 45.62 $8,342.02
2347608 FIRST QUANTUM MINERALS LTD CA FM CN 1,247.5 $11,410.93
25277LAC0 DIAMOND SPORTS GR/DIAMON 6.62500 08/15/2027 US 10,742.37 $10,470.70
253868103 DIGITAL REALTY TRUST INC US DLR 170.32 $20,599.62
25470DAT6 DISCOVERY COMMUNICATIONS 5.20000 09/20/2047 US 349,379.89 $397,807.04
25787GAC4 DONNELLEY FINANCIAL SOL 8.25000 10/15/2024 US 13,766.82 $13,990.54
25960P109 DOUGLAS EMMETT INC US DEI 464.74 $20,481.28
260557103 DOW INC US DOW 136.59 $7,289.70
262006208 DREYFUS GVT CSH MANAGEMENT US 1,549,367.4 $1,549,367.40
2715777 QUEBECOR INC -CL B CA QBR/B CN 7,010.97 $173,862.30
277432100 EASTMAN CHEM CO US EMN 54.01 $4,232.39
2801836 SHAW COMMUNICATIONS INC-B CA SJR/B CN 8,887.63 $183,667.34
285512109 ELECTRONIC ARTS US EA 4,295.84 $433,922.62
2866857 LUNDIN MINING CORP CA LUN CN 2,119.64 $11,473.46
291011104 EMERSON ELEC CO US EMR 149.77 $11,062.10
29273RAR0 ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 US 236,119.73 $275,876.96
29373FAB0 EFF 2018 -2 A2 MTGE 3.14000 02/20/2024 US 170,123.74 $171,490.02
29413XAD9 ENVIVA PARTNERS LP/FIN C 6.50000 01/15/2026 US 10,742.37 $11,163.47
29444U700 EQUINIX INC US EQIX 878.6 $498,033.77
29472R108 EQUITY LIFESTYLE PROPERTIES US ELS 282.23 $20,907.23
29476L107 EQUITY RESIDENTIAL US EQR 330.52 $28,126.84
29670E107 ESSENTIAL PROPERTIES REALTY US EPRT 790.96 $20,636.21
297178105 ESSEX PROPERTY TRUST INC US ESS 66.04 $20,616.47
302154BV0 EXPORT-IMPORT BANK KOREA 2.62500 12/30/2020 KR 302,445.2 $304,147.84
30225T102 EXTRA SPACE STORAGE INC US EXR 69.46 $7,366.37
30287EAE0 FREMF 2014-K41 B FLT 3.96298 11/25/2047 US 80,947.3 $86,073.91
30291HAA5 FREMF 2013-K28 X2A 0.10000 06/25/2046 US 10,427,671.93 $26,669.81
30291XAE2 FREMF 2014-K715 B FLT 4.11191 02/25/2046 US 78,610.68 $79,841.32
30303M102 FACEBOOK INC -A US FB 6,038.61 $1,217,624.53
30744W107 FARFETCH LTD - CLASS A GB FTCH 1,318.95 $13,136.70
311900104 FASTENAL CO US FAST 174.26 $6,189.72
3128M5VT4 FHLM POOL G03926 6.00000 02/01/2038 US 13,542.03 $15,544.07
3128M6NC8 FHLM POOL G04587 5.50000 08/01/2038 US 25,699.8 $28,880.59
3128M6NS3 FHLM POOL G04601 5.50000 07/01/2038 US 26,759.53 $30,056.82
3128M6SU3 FHLM POOL G04731 5.50000 04/01/2038 US 14,149.77 $15,906.67
3128MJ2E9 FHLM POOL FG 08772 4.50000 07/01/2047 US 111,415.16 $117,722.19
3128MJJT8 FHLM POOL G08273 5.50000 06/01/2038 US 17,811.67 $20,023.99
3128P75X7 FHLM POOL C91762 4.50000 05/01/2034 US 72,039.08 $77,402.10
3128P76G3 FHLM POOL C91771 4.50000 06/01/2034 US 19,490.95 $20,942.23
3128P76R9 FHLM POOL C91780 4.50000 07/01/2034 US 26,469.3 $28,440.03
3131XVYW9 FEDERAL NATL MTG ASSN FR ZM2525 3.00000 12/01/2046 US 189,619.25 $193,979.18
3131YBKP2 FEDERAL NATL MTG ASSN FN ZN4802 4.00000 04/01/2049 US 304,474.51 $316,656.81
3132QQFU1 FHLM POOL Q33778 4.00000 06/01/2045 US 38,202.43 $40,415.21
3132QUNJ8 FHLM POOL Q37592 4.00000 12/01/2045 US 117,240.94 $124,299.62
3132WKQ84 FHLM POOL Q45878 3.00000 12/01/2046 US 176,259.43 $180,413.56
3132Y33P7 FHLM POOL FG Q59805 4.50000 11/01/2048 US 133,108.44 $140,081.78
31335AQ92 FHLM POOL FG G60480 4.50000 11/01/2045 US 250,784.38 $269,859.05
31335CCY8 FHLM POOL FG G61887 MTGE 5.00000 02/01/2049 US 177,773.53 $190,044.92
3133G6L60 FEDERAL NATL MTG ASSN FR QN0349 3.00000 08/01/2034 US 206,625.82 $211,683.24
3136AY6W8 FNA 2017-M15 A1 3.05802 09/25/2027 US 188,073.58 $196,481.15
3136B1YD0 FNR 2018-31 KP 3.50000 07/25/2047 US 148,587.89 $154,373.34
313747206 FEDERAL RLTY INVT TR SH BEN INT US FRT 47.14 $6,226.05
3137A2B34 FHMS K009 X1 FLT 1.42680 08/25/2020 US 1,040,908.56 $6,487.57
3137AME78 FHMS K017 X1 FLT 1.44530 12/25/2021 US 924,966.8 $19,086.88
3137AUPF0 FHMS K021 x1 FLT 1.55966 06/25/2022 US 809,555.64 $25,234.82
3137B3NB0 FHMS K030 X1 FLT 0.29829 04/25/2023 US 4,187,910.5 $23,738.33
3137F4YU0 FHR 4791 BA MTGE 4.00000 03/15/2044 US 144,420.99 $146,955.77
3137FG2L8 FHR 4801 BA MTGE 4.50000 05/15/2044 US 125,897.81 $128,353.83
3138EGE26 FEDERAL NATL MTG ASSN AL0152 6.00000 06/01/2040 US 46,150.54 $53,029.50
3138EGHT4 FEDERAL NATL MTG ASSN AL0241 4.00000 04/01/2041 US 110,404.47 $118,157.48
3138EHR87 FEDERAL NATL MTG ASSN AL1410 4.50000 12/01/2041 US 158,523.86 $171,743.13
3138EP2A1 FEDERAL NATL MTG ASSN AL7068 4.50000 09/01/2042 US 111,594.06 $120,818.31
3138EQST0 FEDERAL NATL MTG ASSN AL7729 4.00000 06/01/2043 US 91,713.32 $98,129.20
3138ERN30 FEDERAL NATL MTG ASSN FN AL9409 3.50000 11/01/2031 US 161,792.78 $168,261.09
3138ETT89 FEDERAL NATL MTG ASSN AL8674 FLT 5.64500 01/01/2049 US 192,400.09 $215,630.17
3138WDAY7 FEDERAL NATL MTG ASSN FN AS3622 3.50000 10/01/2044 US 408,624.95 $430,102.14
3138WDRZ6 FEDERAL NATL MTG ASSN AS4103 4.50000 12/01/2044 US 36,868.94 $39,644.52
31403DDX4 FEDERAL NATL MTG ASSN 745418 5.50000 04/01/2036 US 32,191.78 $36,258.84
3140F8RB5 FEDERAL NATL MTG ASSN BD1381 3.50000 06/01/2046 US 54,973.74 $57,185.61
3140H2PH5 FEDERAL NATL MATG ASSN FN BJ1323 3.50000 11/01/2047 US 395,699.66 $413,331.65
3140HPMQ7 FEDERAL NATIONAL MTGE FN BK9366 4.50000 08/01/2048 US 74,637.76 $78,488.52
3140JGVQ5 FEDERAL NATL MTG ASSN FN BN0622 4.50000 01/01/2049 US 215,544.3 $226,582.59
3140Q84E2 FEDERAL NATL MTG ASSN FN CA1720 5.00000 05/01/2048 US 214,106.23 $236,310.38
3140Q9D42 FEDERAL NATL MTG ASSN FN CA1922 5.00000 06/01/2048 US 69,705.36 $74,666.48
3140Q9JA2 FEDERAL NATL MTGE ASSN FN CA2056 4.50000 07/01/2048 US 221,910.69 $233,967.86
3140Q9PD9 FEDERAL NATL MTG ASSN FN CA2219 5.00000 08/01/2048 US 138,158.05 $147,988.25
3140X4JC1 FEDERAL NATL MTG ASSN FM1158 3.50000 06/01/2034 US 289,995.25 $300,628.73
31410GCD3 FEDERAL NATL MTG ASSN 888468 5.50000 09/01/2021 US 7,502.4 $7,604.11
31410GN33 FEDERAL NATL MTG ASSN 888810 5.50000 11/01/2022 US 9,111.9 $9,222.95
31417YJC2 FEDERAL NATL MTG ASSN MA0258 4.50000 12/01/2039 US 80,018.34 $86,668.74
31418BBC9 FEDERAL NATL MTG ASSN MA1834 4.50000 02/01/2034 US 74,826.77 $80,355.25
31418BDH6 FEDERAL NATL MTG ASSN MA1903 4.50000 05/01/2034 US 38,160.63 $40,980.35
31418C4F8 FEDERAL NATL MTG ASSN FN MA3521 4.00000 11/01/2048 US 331,143.53 $343,666.66
31418C4M3 FEDERAL NATL MTG ASSN FN MA3527 5.00000 11/01/2048 US 286,920.11 $306,285.54
31418CAF1 FEDERAL NATL MTG ASSN FN MA2705 3.00000 08/01/2046 US 136,857.67 $140,026.78
31418CYJ7 FEDERAL NATL MTG ASSN FN MA3412 3.50000 07/01/2038 US 279,271.33 $290,269.06
31418CZ56 FEDERAL NATL MTG ASSN FN MA3463 4.00000 09/01/2033 US 106,160.06 $110,828.52
31418CZH0 FEDERAL NATL MTG ASSN FN MA3443 4.00000 08/01/2048 US 154,415.82 $160,054.26
31418DC67 FEDERAL NATL MTG ASSN FN MA3692 3.50000 07/01/2049 US 408,274.86 $419,077.27
31418MGR7 FEDERAL NATL MTG ASSN AD0207 6.00000 10/01/2038 US 29,496.03 $33,872.29
31418MKV3 FEDERAL NATL MTG ASSN AD0307 5.50000 01/01/2039 US 18,654.49 $20,962.24
315786AC7 FIDELITY & GUARA NTY LIFE 5.50000 05/01/2025 US 6,883.41 $7,296.42
316773100 FIFTH THIRD BANCORP US FITB 205.15 $6,193.57
32054K103 FIRST INDUSTRIAL REALTY TR US FR 324.99 $13,837.95
33834YAA6 FIVE POINT OP CO LP/FIVE 7.87500 11/15/2025 US 10,742.37 $10,518.61
34461LAA2 FONTAINEBLEAU MIAMI BEACH TRUST 3.14400 12/10/2036 US 195,446.41 $201,240.36
346232AD3 FORESTAR GROUP INC 8.00000 04/15/2024 US 6,883.41 $7,434.09
34960PAB7 FORTRESS TRANS & INFRAST 6.50000 10/01/2025 US 16,791.28 $17,281.08
35166FAA0 FOXTROT ESCROW ISSUER 12.25000 11/15/2026 US 10,742.37 $10,822.94
35563BAJ9 FREMF 2014-K37 B FLT 4.71450 01/25/2047 US 140,156.4 $151,927.02
36246MAT6 GTP AQUISITION PARTNERS 2.35000 06/15/2020 US 60,823.87 $60,731.67
364760108 GAP INC US GPS 145.58 $2,418.06
369550108 GENERAL DYNAMICS CORP US GD 46.39 $8,431.19
369604BQ5 GENERAL ELECTRIC CO 5.00000 01/21/2021 US 304,953.85 $298,308.90
370334104 GENERAL MLS INC US GIS 167.15 $8,912.28
37045XAR7 GENERAL MOTORS FINL CO 3.15000 01/15/2020 US 317,891.29 $318,002.78
372460105 GENUINE PARTS CO US GPC 54.94 $5,734.50
374297109 GETTY REALTY CORP US GTY 377.86 $12,681.13
375558103 GILEAD SCIENCES INC US GILD 260.7 $17,529.60
37960JAA6 GLOBAL AIR LEASE CO LTD 6.50000 09/15/2024 KY 12,932.32 $13,227.17
38141GVR2 GOLDMAN SACHS GROUP INC 4.25000 10/21/2025 US 156,856.81 $169,368.92
38379RRX3 GNR 2017-54 AH MTGE 2.60000 12/16/2056 US 211,030.3 $212,384.67
388689101 GRAPHIC PACKAGING HOLDING CO US GPK 18,141.31 $295,159.10
400506101 GRUPO AEROPORTUARIO PAC-ADR MX PAC 169.9 $17,190.53
40051E202 GRUPO AEROPORTUARIO DEL SURESTE MX ASR 141.22 $24,213.37
404119BX6 HCA INC 4.12500 06/15/2029 US 266,364.25 $280,614.57
404139AD9 HC2 HOLDINGS INC 11.50000 12/01/2021 US 3,858.96 $3,550.24
406216101 HALLIBURTON CO US HAL 18,716.54 $392,860.13
416515104 HARTFORD FINL SVCS US HIG 81.48 $5,040.18
421946104 HEALTHCARE REALTY TRUST INC US HR 572.48 $19,000.66
42225P501 HEALTHCARE TRUST OF AMERICA US HTA 352.83 $10,708.52
42250P103 HEALTHPEAK PROPERTIES INC US PEAK 954.31 $33,286.38
427866108 HERSHEY CO/THE US HSY 57.43 $8,508.26
43300A203 HILTON WORLDWIDE HOLDINGS INC US HLT 120.46 $12,648.54
437076102 HOME DEPOT INC US HD 157.05 $34,631.34
438516106 HONEYWELL INTERNATIONAL INC US HON 118.11 $21,087.91
44107P104 HOST MARRIOTT CORP US HST 689.4 $12,057.58
444454AD4 HUGHES SATELLITE SYSTEMS 5.25000 08/01/2026 US 6,883.41 $7,468.50
450913AE8 IAMGOLD CORP 7.00000 04/15/2025 CA 10,742.37 $10,923.70
452308109 ILLINOIS TOOL WKS INC US ITW 67.19 $11,712.95
45337C102 INCYTE CORP US INCY 2,260.54 $212,852.62
45378A106 INDEPENDENCE REALTY TRUST IN US IRT 945.76 $14,129.64
45682RAA8 INFRABUILD AUSTRALIA PTY 12.00000 10/01/2024 AU 10,742.37 $10,957.22
458140100 INTEL CORP US INTC 655.07 $38,026.90
45866F104 INTERCONTINENTALEXCHANGE INC US ICE 3,349.85 $315,455.52
459200101 INTERNATIONAL BUSINESS MACH CORP US IBM 157.82 $21,219.29
460146103 INTERNATIONAL PAPER CO US IP 93.89 $4,350.80
46187BAA1 IHSFR 2017-SFR2 A 2.61250 12/17/2036 US 62,694.6 $62,606.53
46187BAB9 IHSFR 2017-SFR2 B 2.91250 12/17/2036 US 48,497.47 $48,427.99
46187W107 INVITATION HOMES INC US INVH 1,566.03 $47,810.89
46625H100 JP MORGAN CHASE & CO US JPM 337.55 $44,475.37
46640BAC8 JPMMT 2013-2 A2 3.50000 05/25/2043 US 55,363.07 $56,452.45
46641YAA1 JPMMT 2014-2 1A1 3.00000 06/25/2029 US 75,084.67 $76,247.64
46647PAY2 JPMORGAN CHASE & CO 4.02300 12/05/2024 US 245,921.36 $261,637.41
4741844 MERCK KGAA DE MRK GR 5,580.55 $651,368.45
476405105 JERNIGAN CAPITAL INC US JCAP 1,073.94 $18,772.45
478160104 JOHNSON & JOHNSON US JNJ 6,769.25 $930,704.04
47987LAA9 JONAH NRG LLC/FINANCE 7.25000 10/15/2025 US 13,766.82 $3,992.38
4821100 SOLVAY SA BE SOLB BB 601.27 $68,903.16
482480100 KLA-TENCOR CORPORATION US KLAC 49.98 $8,189.62
483007AJ9 KAISER ALUMINUM CORP 4.62500 03/01/2028 US 7,717.92 $7,921.67
487526AB1 KEHE DISTRIBUTORS LLC/FI 8.62500 10/15/2026 US 8,552.43 $8,894.53
487836108 KELLOGG CO US K 93.28 $6,074.63
493267108 KEYCORP US KEY 278.24 $5,395.17
49427F108 KILROY REALTY CORP US KRC 83.08 $6,915.78
494368103 KIMBERLY CLARK CORP US KMB 82.85 $11,296.30
494550AW6 KINDER MORGAN ENER PART 6.95000 01/15/2038 US 283,469.1 $367,293.44
500255104 KOHLS CORP US KSS 61.62 $2,896.71
50050N103 KONTOOR BRANDS INC US KTB 6.84 $245.28
501044101 KROGER CO US KR 173.22 $4,735.76
50187TAE6 LGI HOMES INC 6.87500 07/15/2026 US 13,766.82 $14,214.25
5107401 BEIERSDORF AG DE BEI GR 310.28 $36,186.95
512807108 LAM RESEARCH CORP US LRCX 28.41 $7,580.81
516806AD8 LAREDO PETROLEUM INC 5.62500 01/15/2022 US 7,717.92 $7,105.16
531172104 LIBERTY PROPERTY TRUST US LPT 271.8 $16,748.08
53223X107 LIFE STORAGE INC US LSI 90.43 $9,903.36
539830109 LOCKHEED MARTIN CORP US LMT 49.21 $19,241.64
54238XAC2 LONESTAR RESOURCES AMERICA 11.25000 01/01/2023 US 6,883.41 $4,818.39
550021109 LULULEMON - ADR CA LULU 3,071.98 $693,315.33
56585A102 MARATHON PETROLEUM CORP US MPC 176.3 $10,691.10
57636Q104 MASTERCARD INC-CLASS A US MA 3,458.08 $1,010,555.92
57772K101 MAXIM INTEGRATED PRODUCTS US MXIM 83.02 $4,704.79
58933Y105 MERCK & CO INC US MRK 2,551.09 $222,404.36
594918104 MICROSOFT CORP US MSFT 6,272.76 $949,570.97
595112103 MICRON TECHNOLOGY INC US MU 17,663.51 $839,193.41
59522J103 MID-AMERICA APARTMENT COMM US MAA 100.33 $13,656.32
60871R209 MOLSON COORS BREWING CO -B US TAP 66.58 $3,361.14
609207105 MONDELEZ INTERNATIONAL INC US MDLZ 11,123.76 $584,442.42
615369105 MOODY'S CORPORATION US MCO 1,461.83 $331,352.54
61965RAA3 MOSS CREEK RESOURCES HLD 7.50000 01/15/2026 US 7,717.92 $5,132.42
61965RAB1 MOSS CREEK RESOURCES HLD 10.50000 05/15/2027 US 3,024.45 $2,222.97
62426EAA3 MOUNTAIN PROVINCE DIAMON 8.00000 12/15/2022 CA 14,601.33 $14,017.28
6356934 FANUC LTD JP 6954 JP 77.18 $14,736.80
637417106 NATIONAL RETAIL PROPERTIES US NNN 287.23 $16,010.32
637870106 NATIONAL STORAGE AFFILIATES US NSA 227.68 $7,627.24
63938CAA6 NAVIENT CORP 5.00000 10/26/2020 US 10,742.37 $10,957.22
63940YAA4 NAVSL 2019-CA A1 2.82000 02/15/2068 US 139,713.82 $140,228.17
64110D104 NETAPP INC US NTAP 58.2 $3,526.22
64829DAG1 NRZT 2014-3A AFX3 3.75000 11/25/2054 US 56,039.44 $58,108.00
64829EAA2 NRZT 2015-2A A1 3.75000 08/25/2055 US 79,217.58 $82,111.63
64829LAA6 NRZT 2016-4A A1 3.75000 11/25/2056 US 84,104.65 $86,980.11
6490995 KEYENCE CORP JP 6861 JP 187.74 $64,281.53
6514442 METROPOLITAN BANK & TRUST PH MBT PM 668.52 $871.80
66727WAA0 NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 CA 13,766.82 $8,871.01
66987V109 NOVARTIS AG- REG CH NVS 11,224.47 $1,036,018.37
670346105 NUCOR CORP US NUE 103.65 $5,841.76
67059TAD7 NUSTAR LOGISTICS LP 6.75000 02/01/2021 US 6,883.41 $7,118.14
67066G104 NVIDIA CORP US NVDA 1,428.88 $309,694.94
6742340 SHANDONG WEIGAO CN 1066 HK 26,032.56 $31,417.78
674599105 OCCIDENTAL PETROLEUM CORP US OXY 147.89 $5,704.26
680665AL0 OLIN CORP 5.62500 08/01/2029 US 6,883.41 $7,175.96
681936100 OMEGA HEALTHCARE INVS INC US OHI 325.82 $13,694.29
6821506 SONY CORP FIRST SECTION JP 6758 JP 992.91 $63,008.06
69145AAB4 OXFIN 2019-1A A2 4.45900 02/15/2027 US 100,141 $102,499.81
7021963 DEUTSCHE BOERSE AG DE DB1 GR 368.48 $56,393.30
70450Y103 PAYPAL HOLDINGS INC US PYPL 2,849.72 $307,798.67
7123870 NESTLE SA-REGISTERED CH NESN SW 6,680.59 $693,744.70
713448108 PEPSICO INC US PEP 4,738.64 $643,649.74
717081103 PFIZER INC US PFE 829.83 $31,965.14
718546104 PHILLIPS 66 US PSX 82.25 $9,435.60
719245AD4 PHOTO HOLDINGS MERGER SU 8.50000 10/01/2026 US 10,742.37 $8,996.74
71943U104 PHYSICIANS REALTY TRUST US DOC 1,174.27 $22,534.28
729640102 PLYMOUTH INDUSTRIAL REIT INC US 425.82 $7,894.72
741503AZ9 BOOKING HOLDINGS INC 3.60000 06/01/2026 US 505,609.53 $540,624.74
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74166MAC0 PRIME SECSRVC BRW/FINANC 5.75000 04/15/2026 US 6,883.41 $7,189.86
74333NAA0 PROGRESS RESIDENTIAL TRUST 3.14700 05/17/2036 US 188,249.42 $190,120.73
74340W103 PROLOGIS US PLD 756.88 $69,292.10
74460D109 PUBLIC STORAGE INC US PSA 125.68 $26,477.56
74834L100 QUEST DIAGNOSTICS INC US DGX 41.43 $4,414.04
750236AW1 RADIAN GROUP INC 4.87500 03/15/2027 US 10,742.37 $11,252.64
756109104 REALTY INCOME CORP US O 102 $7,816.41
7591EP100 REGIONS FINANCIAL CORP. US RF 247.52 $4,118.71
76131D103 RESTAURANT BRANDS INTERN CA QSR 546.94 $35,895.39
7698356 GETINGE AB-B SHS SE GETIB SS 1,745.63 $30,304.90
77340RAK3 ROCKIES EXPRESS PIPELINE 5.62500 04/15/2020 US 10,742.37 $10,892.81
773903109 ROCKWELL AUTOMATION INC US ROK 24.05 $4,710.15
783513203 RYANAIR HOLDINGS - ADR IE RYAAY 426.68 $35,551.04
78409V104 S&P GLOBAL INC US SPGI 1,182.95 $313,068.03
78410G104 SBA COMMUNICATIONS CORP US SBAC 1,254.28 $296,599.26
78442PGC4 SLM CORP 5.12500 04/05/2022 US 13,766.82 $14,197.04
78470RAC1 SOFI 2016-E A2B 2.49000 01/25/2036 US 131,137.63 $131,516.35
78471DAA5 SCLP 2016-1 A 3.26000 08/25/2025 US 49,398.58 $49,804.93
78490DAA2 SOFI 2018-C A1FX 3.08000 01/25/2048 US 61,205.43 $61,537.22
785592AV8 SABINE PASS LIQUEFACTION 5.87500 06/30/2026 US 425,304.77 $486,492.46
80282KAE6 SANTANDER HOLDINGS USA 4.50000 07/17/2025 US 329,564.16 $354,555.73
806857108 SCHLUMBERGER LTD NL SLB 8,878.61 $321,405.51
81141R100 SEA LTD - ADR SG SE 9,072.33 $336,038.96
812578102 SEATTLE GENETICS INC US SGEN 1,610.36 $193,806.23
81745EAA7 SEMT 2013-8 A1 3.00000 06/25/2043 US 81,562.23 $82,186.67
81745MAA9 SEMT 2013-2 1.87400 02/25/2043 US 66,067.2 $63,472.20
81762P102 SERVICENOW INC US NOW 2,164.8 $612,725.34
822538AE4 SHELF DRILL HOLD LTD 8.25000 02/15/2025 KY 6,883.41 $5,840.23
828806109 SIMON PROPERTY GROUP INC US SPG 298.5 $45,135.49
832696405 JM SMUCKER CO/THE-NEW COM WI US SJM 40.05 $4,208.88
83401BAA4 SOFI 2017-F A1FX 2.05000 01/25/2041 US 9,077.33 $9,073.28
83401BAB2 SOFI 2017-F A2FX 2.84000 01/25/2041 US 32,849.16 $33,175.67
83402QAA0 SCLP 2016-2 A 3.09000 10/27/2025 US 14,866.72 $14,908.59
83404YAA1 SCLP 2016-5 A 3.06000 09/25/2028 US 33,473.6 $33,631.37
83405DAB4 SOFI 2017-C A2A 1.75000 07/25/2040 US 3,176.26 $3,174.95
83405TAA1 SCLP 2019-3 A MTGE 2.90000 05/25/2028 US 149,645.41 $150,554.18
83406CAA7 SCLP 2019-2 A MTGE 3.01000 04/25/2028 US 116,766.41 $117,574.51
83406EAB1 SOFI 2018-A A2A 2.39000 02/25/2042 US 29,045.14 $29,058.82
835699307 SONY CORP SPONSORED ADR JP SNE 10,085.25 $640,211.68
84265VAD7 SOUTHERN COPPER CORP 5.37500 04/16/2020 US 370,449.94 $373,781.85
852061AR1 SPRINT COMMUNICATIONS 7.00000 08/15/2020 US 14,601.33 $14,950.89
85207UAE5 SPRINT CORP 7.25000 09/15/2021 US 6,883.41 $7,299.86
85207UAH8 SPRINT CORP 7.12500 06/15/2024 US 6,883.41 $7,416.88
85254J102 STAG INDUSTRIAL INC US STAG 394.97 $12,240.10
855030AN2 STAPLES INC 7.50000 04/15/2026 US 10,742.37 $11,239.21
85571XAA5 SRPT 2014-STAR A FLTG RATE 2.98538 11/15/2027 US 192,076.4 $191,713.99
858912AF5 STERICYCLE INC 5.37500 07/15/2024 US 10,742.37 $11,225.78
862121100 STORE CAPITAL CORP US STOR 294.95 $12,007.41
866674104 SUN COMMUNITIES US SUI 182.21 $30,011.09
86723CAF5 SUNCOKE ENRGY PART LP/FI 7.50000 06/15/2025 US 6,883.41 $6,229.49
867892101 SUNSTONE HOTEL INVESTORS INC US SHO 568.94 $7,965.11
867914103 SUNTRUST BANKS INC US STI 105.53 $7,475.62
86935CAA0 SCML 2019-SBC8 2.86000 12/25/2035 US 177,781.64 $178,370.68
871829107 SYSCO CORP US SYY 129.75 $10,451.04
87677QAA9 TXEZ 2016-1A 3.13100 06/15/2028 US 8,911.17 $8,907.85
87854WAA1 TECHNIPLAS LLC 10.00000 05/01/2020 US 7,717.92 $6,868.95
88032WAN6 TENCENT HOLDINGS 3.97500 04/11/2029 KY 257,604.47 $276,717.56
882508104 TEXAS INSTRUMENTS INC US TXN 167.15 $20,092.76
88579Y101 3M CO US MMM 113.75 $19,310.79
89173CAA5 TPMT 2016-5 A1 2.50000 10/25/2056 US 135,789.69 $136,093.19
89173FAA8 TPMT 2017-1 A1 2.75000 10/25/2056 US 138,127.79 $138,700.22
89177EAA7 TPMT 2019-HY1 A1 2.70800 10/25/2048 US 125,169.64 $125,532.17
892231AA9 TOWNSQUARE MEDIA INC 6.50000 04/01/2023 US 3,858.96 $3,878.26
89417E109 TRAVELLERS COS INC US TRV 47.5 $6,493.80
89613BAA5 TAH 2016-SFR1 A 2.58900 11/17/2033 US 150,052.22 $149,740.80
89613FAA6 TAH 2017-SFR2 A 2.92800 01/17/2036 US 154,748.79 $156,014.80
901109AF5 TUTOR PERINI CORP 6.87500 05/01/2025 US 17,625.78 $17,207.17
902494103 TYSON FOODS INC -CL A US TSN 68.29 $6,138.95
902653104 UDR INC US UDR 492.09 $23,644.96
902973304 U.S. BANCORP US USB 299.98 $18,007.82
903002103 UMH PROPERTIES INC US UMH 448.79 $7,005.57
904767704 UNILEVER PLC - ADR GB UL 9,759.18 $580,573.32
907818108 UNION PAC CORP US UNP 120.42 $21,193.04
911312106 UNITED PARCEL SERVICE US UPS 174.59 $20,904.13
912810PT9 UNITED STATES TREAS BOND 4.75000 02/15/2037 US 983,587.66 $1,384,668.58
912810QV3 UNITED STATES TREAS INFL INDEX 0.75000 02/15/2042 US 376,559.82 $397,862.87
912810RK6 US TREASURY N/B 2.50000 02/15/2045 US 1,343,278.08 $1,419,414.66
912810RX8 US TREASURY N/B 3.00000 05/15/2047 US 1,472,844.74 $1,714,770.99
9128284P2 US TREASURY N/B 2.62500 05/15/2021 US 1,784,654.52 $1,808,635.82
9128286N5 TSY INFL IX N/B 0.50000 04/15/2024 US 864,255.4 $873,957.73
912828D56 US TREASURY N/B 2.37500 08/15/2024 US 1,399,374.02 $1,445,946.94
912828K33 UNITED STATES TREAS INFL INDEX 0.12500 04/15/2020 US 1,825,405.25 $1,820,263.85
912828K74 US TREASURY N/B 2.00000 08/15/2025 US 1,410,319.02 $1,434,448.71
912828R36 US TREASURY N/B 1.62500 05/15/2026 US 1,430,115.31 $1,422,461.96
912828VB3 UNITED STATES TREAS NTS 1.75000 05/15/2023 US 814,659.05 $818,318.66
912828WJ5 US TREASURY N/B 2.50000 05/15/2024 US 550,942.38 $571,430.55
912828XB1 UNITED STATES TREAS NTS 2.12500 05/15/2025 US 800,205.43 $818,928.98
913017109 UNITED TECHNOLOGIES CORP US UTX 142.93 $21,202.12
91704F104 URBAN EDGE PROPERTIES US UE 911.02 $18,885.40
918204108 VF CORP US VFC 100.56 $8,903.90
91913Y100 VALERO ENERGY US VLO 103.82 $9,913.55
92276F100 VENTAS INC US VTR 265.12 $15,459.22
92339V100 VEREIT INC US VER 2,276.16 $22,215.32
92343VDU5 VERIZON COMMUNICATIONS 5.25000 03/16/2037 US 448,043.84 $566,171.22
92532F100 VERTEX PHARMACEUTICALS INC US VRTX 897.59 $199,039.52
92553P201 VIACOM INC CL B US VIAB 134.71 $3,242.48
92826C839 VISA INC - CLASS A SHARES US V 4,820.42 $889,415.45
92840JAA7 VISTAJET MALTA/XO MGMT 10.50000 06/01/2024 MUL 10,742.37 $10,366.39
929042109 VORNADO REALTY TRUST US VNO 124.32 $8,027.42
92922PAL0 W & T OFFSHORE INC 9.75000 11/01/2023 US 6,883.41 $6,332.74
93065PAA9 WBHT 2019-WBM A FLT 2.81538 12/15/2033 US 147,368.76 $147,460.53
931142103 WAL MART STORES US WMT 364.85 $43,450.39
931427108 WALGREENS BOOTS ALLIANCE INC US WBA 180.16 $10,737.74
94106L109 WASTE MANAGEMENT INC US WM 99.62 $11,248.65
94856UAA9 WEEKLEY HOMES LLC/ FINAN 6.62500 08/15/2025 US 11,576.88 $11,837.36
948741103 WEINGARTEN REALTY INVESTORS US WRI 542.97 $17,288.02
949746101 WELLS FARGO COMPANY US WFC 651.32 $35,470.71
95040Q104 WELLTOWER INC. US WELL 330.29 $27,932.25
958102105 WESTERN DIGITAL CORP US WDC 92.18 $4,639.32
96949LAD7 WILLIAMS PARTNERS LP 3.75000 06/15/2027 US 259,688.18 $265,871.67
97651JAE6 WINWATER MORTGAGE LOAN TRUST 3.50000 03/20/2045 US 48,101.67 $48,149.94
98311A105 WYNDHAM HOTELS & RESORTS INC US WH 220.8 $12,790.67
AP8694550 BOREALIS FINANCE LLC 7.50000 11/16/2022 MH 14,601.33 $13,752.64
B02J639 ADMIRAL GROUP PLC GB ADM LN 1,813.21 $50,128.89
B1KFX13 GRUPO AEROPORTUARIO DEL CENT MX OMAB MM 3,491.88 $23,235.78
B1XH026 VINCI SA FR DG FP 219.55 $23,933.02
B1Y47Y7 GERRESHEIMER AG DE GXI GR 452.34 $33,261.18
B1Y9TB3 DANONE FR BN FP 730.08 $60,072.57
B3ZD2V9 MEX BONOS DESARR FIX RT 6.50000 06/10/2021 MX 384,722.59 $19,559.38
B4888C1 CANADIAN GOVERNMENT FLT 2.75000 06/01/2022 CA 46,369.21 $35,909.87
B4NDCC9 MEX BONOS DESARR FIX RT 6.50000 06/09/2022 MX 625,831.2 $31,716.67
B4R2R50 JULIUS BAER CH BAER SW 633.82 $29,855.51
B615Y14 MEX BONOS DESARR FIX RT 8.00000 06/11/2020 MX 934,352.7 $47,976.73
B63QM77 NEXON CO LTD JP 3659 JP 71,810.63 $981,043.85
B6TC406 MEX BONOS DESARR FIX RT 7.75000 05/29/2031 MX 120,418.76 $6,434.60
BBG00Q7Z9PN7 SE US 12/20/19 C39 SG -38.17 -$2,481.24
BBG00QR025W3 MU US 12/13/19 P43 US -44.74 -$626.41
BBQ3850 KEYWORDS STUDIOS PLC IE KWS LN 754.9 $13,729.11
BD3HF92 BSR REAL ESTATE INVESTMENT CA HOM/U CN 267.94 $3,408.40
BD4TZK8 OCI NV NL OCI NA 526.81 $9,979.35
BGHQ198 HIBERNIA REIT PLC IE HBRN ID 6,643.13 $10,671.64
BGHVXC0 DRILLING CO OF 1972/THE DK DRLCO DC 411.24 $24,899.86
BH3T8K8 ORBIA ADVANCE CORP SAB DE CV MX 13,360.5 $29,004.35
BJ2KSG2 AKZO NOBEL NL AKZA NA 377.2 $36,122.02
BMMV2K8 TENCENT HOLDINGS LTD CN 700 HK 15,230.97 $642,673.12
BMTRW10 B&M EUROPEAN VALUE RETAIL SA GB BME LN 6,336.28 $30,968.51
BNGN9Z1 FINECOBANK SPA IT FBK IM 3,976.97 $49,225.55
BP9DL90 INDUSTRIA DE DISENO TEXTIL ES ITX SM 18,533.64 $576,663.48
BYXS699 QIAGEN N.V. NL QIA GR 1,238.95 $53,047.85
BYYHL23 ANHEUSER-BUSCH INBEV SA/NV BE ABI BB 7,244.6 $574,266.76
G0772R208 BANK OF N.T. BUTTERFIELD&SON BM NTB 1,061.33 $36,668.97
G29183103 EATON CORP PLC US ETN 109.72 $10,149.19
G51502105 JOHNSON CONTROLS INTERNATIONAL US JCI 208.57 $8,933.23
G5960L103 MEDTRONIC INC IE MDT 9,255.19 $1,030,935.75
G97822103 PERRIGO CO PLC IE PRGO 729.25 $37,359.35
H01301128 ALCON INC CH ALC 5,665.61 $313,251.53
H1467J104 CHUBB LTD CH CB 68.29 $10,345.17
H8817H100 TRANSOCEAN LTD US RIG 24,989.85 $124,449.46
N22717107 CORE LABORATORIES N.V. NL CLB 510.54 $22,361.48
N47279109 INTERXION HOLDING NV NL INXN 472.46 $40,178.18
N53745100 LYONDELLBASELL INDU-CL A US LYB 100.73 $9,321.60
N72482123 QIAGEN N.V. ADR NL QGEN 733.94 $31,412.67

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 2025 Series Class R Distribution History
  • 2019 Distribution Calendar
  • Fourth Quarter 2019 Distribution Estimates
  • Third Quarter 2019 Distributions
  • Second Quarter 2019 Distributions
  • First Quarter 2019 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

$13.18

Daily $ Change

$0.05

Daily % Change

0.38%

as of 12/11/2019

Ticker

MTORX

CUSIP

56382P385

Inception Date

06/25/2012

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
XBRL Blended Asset Series – 11/02/2017
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 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 26% - 66%.

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 2025
  • Who 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 11/30/2019

YTD

15.44%

1 Year

12.04%

3 Year

7.76%

5 Year

3.88%

10 Year

---

Inception
(06/25/2012)

7.14%

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 1.47%
Net 1.23%*

*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 11/30/2019

TREASURY NOTES 12.06%
GOVERNMENT AGENCY 10.57%
TREASURY BONDS 6.55%
UNITED STATES TREAS INFL INDEX 0.12500 04/15/2020 2.64%
FACEBOOK INC -A 1.77%
NOVARTIS AG- REG 1.50%
MEDTRONIC INC 1.49%
MASTERCARD INC-CLASS A 1.47%
NEXON CO LTD 1.42%
MICROSOFT CORP 1.38%

Top Ten Investments list is unaudited and excludes cash

Asset Allocation

As of 11/30/2019

Bonds
53.99%
Stocks
43.81%
Cash
2.20%

Detailed Asset Class Allocation

As of 11/30/2019

International Equities
16.01%
Small Capitalization
0.22%
Mid Capitalization
1.37%
Large Capitalization
26.21%
Long Term Fixed Income
15.77%
Intermediate Term Fixed Income
30.24%
Short Term Fixed Income
7.98%
Cash
2.20%

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

November Fund Holdings

As of 11/30/2019

CUSIP Security Description Country Ticker Shares/Par Market Value (USD)
00101JAK2 ADT SEC CORP 6.25000 10/15/2021 US 6,883.41 $7,296.42
00206RDQ2 AT&T INC 4.25000 03/01/2027 US 333,944.04 $365,336.79
00287Y109 ABBVIE INC US ABBV 256.84 $22,532.83
004239109 ACADIA REALTY TRUST US AKR 217.77 $5,853.68
00489LAA1 ACRISURE LLC / FIN INC 7.00000 11/15/2025 US 10,742.37 $9,632.90
00507V109 ACTIVISION INC US ATVI 10,521.73 $576,906.31
00774MAG0 AERCAP IRELAND CAP / GLOBA 4.45000 10/01/2025 IE 335,613.06 $361,209.27
00791GAA5 AG MERGER SUB II INC 10.75000 08/01/2027 US 10,742.37 $10,554.38
008492100 AGREE REALTY CORP US ADC 134.75 $10,076.61
013093AD1 ALBERTSONS COS LLC/SAFEW 5.75000 03/15/2025 US 7,717.92 $7,872.28
015271109 ALEXANDRIA REAL EST EQUITIES US ARE 47.98 $7,797.15
01609W102 ALIBABA GROUP - ADR CN BABA 257.61 $51,522.94
01609WAT9 ALIBABA GROUP HOLDING 3.40000 12/06/2027 KY 275,751.18 $286,363.77
020002101 ALLSTATE CORPORATION US ALL 62.39 $6,947.21
02079K107 ALPHABET INC-CL C US GOOG 353.88 $461,801.05
02079K305 ALPHABET INC-CL A US GOOGL 353.05 $460,404.90
023135106 AMAZON.COM INC US AMZN 302.57 $544,862.31
02319V103 AMBEV SA-ADR BR ABEV 35,408.1 $149,068.12
0237400 DIAGEO PLC GB DGE LN 7,976.56 $325,894.83
024835100 AMERICAN CAMPUS COMMUNITIES US ACC 352.83 $16,950.16
0263494 BAE SYSTEMS PLC GB BA/ LN 7,306.03 $54,104.27
02665T306 AMERICAN HOMES 4 RENT- A US AMH 1,104.81 $29,509.49
03019LAA4 AMERICAN TANKER INC 9.25000 02/22/2022 US 17,625.78 $17,976.86
03027X100 AMERICAN TOWER REIT INC US AMT 1,401.34 $299,929.66
03027XAW0 AMERICAN TOWER CORP 3.80000 08/15/2029 US 342,916.29 $365,683.59
03064D108 AMERICOLD REALTY TRUST US COLD 662.39 $24,918.95
031162100 AMGEN INC US AMGN 114.85 $26,958.15
03690AAD8 ANTERO MIDSTREAM PART / FI 5.75000 03/01/2027 US 6,883.41 $5,437.90
03690AAF3 ANTERO MIDSTREAM PART/FI 5.75000 01/15/2028 US 6,883.41 $5,317.44
03748R754 APARTMENT INVT & MGMT CO -A US AIV 577.72 $31,063.91
038222105 APPLIED MATERIALS INC US AMAT 163.56 $9,470.08
039483102 ARCHER-DANIELS-MIDLAND CO US ADM 119.48 $5,129.41
045086AF2 ASHTON WOODS USA/FINANCE 6.75000 08/01/2025 US 6,883.41 $6,978.06
053484101 AVALONBAY COMMUNITIES INC US AVB 206.19 $44,210.04
054937107 BB&T CORP US BBT 135.65 $7,422.73
05722G100 BAKER HUGHES CO US BKR 216.96 $4,864.23
060505104 BANK OF AMERICA CORP US BAC 862.87 $28,750.95
06051GFM6 BANK OF AMERICA CORP 4.00000 01/22/2025 US 503,940.52 $536,249.21
084670702 BERKSHIRE HATHAWAY INC-CL B US BRK/B 3,394.04 $747,706.89
086516101 BEST BUY INC US BBY 88.15 $7,108.60
09061G101 BIOMARIN PHARMACEUTICAL INC US BMRN 5,035.9 $406,447.36
09247X101 BLACKROCK INC US BLK 322.7 $159,705.54
0946580 WEIR GROUP PLC/THE GB WEIR LN 2,529.21 $45,573.91
097023105 BOEING CO US BA 76.51 $28,017.39
09857L108 BOOKING HOLDINGS INC US BKNG 150.61 $286,757.75
101121101 BOSTON PROPERTIES INC US BXP 181.27 $25,112.72
105368203 BRANDYWINE REALTY TRUST US BDN 1,762.07 $27,188.79
110122108 BRISTOL MYERS SQUIBB CO US BMY 290.82 $16,559.46
110448107 BRITISH AMERICAN TOB-SP ADR GB BTI 658.64 $26,088.66
11135F101 BROADCOM INC US AVGO 58.97 $18,646.83
11680JAA0 BRUIN E&P PARTNERS LLC 8.87500 08/01/2023 US 6,883.41 $4,405.38
12429TAE4 BWAY HOLDING CO 7.25000 04/15/2025 US 6,883.41 $6,522.03
12503M108 CBOE GLOBAL MARKETS INC US CBOE 2,515.67 $299,112.97
12510GAB8 CCG 2019-1 A2 2.80000 09/14/2026 US 376,498.84 $379,416.48
12541W209 C.H. ROBINSON WORLDWIDE INC US CHRW 56.65 $4,353.89
12555DAA3 CIM 2019-INV1 A1 4.00000 02/25/2049 US 69,420.84 $70,740.93
12572Q105 CME GROUP INC US CME 1,454.32 $294,833.76
12646XAH5 CSMC 2013-IVR3 A1 2.50000 05/25/2043 US 99,167.82 $97,776.10
12648TAA7 CSMC 2014-IVR3 A1 3.50000 07/25/2044 US 162,192.24 $164,326.86
126650100 CVS HEALTH CORP US CVS 240.07 $18,070.21
12770QAA3 CZR 2017-VICI A 3.53100 10/15/2034 US 131,396.62 $136,379.88
131477AT8 CALUMET SPECIALTY PROD 11.00000 04/15/2025 US 10,742.37 $10,809.73
133131102 CAMDEN PROPERTY TRUST US CPT 209.22 $23,338.31
13321L108 CAMECO CORP CA CCJ 3,765.97 $34,835.24
149123101 CATERPILLAR INC US CAT 101.34 $14,666.27
14980AAA0 CAZENOVIA CREEK FUNDING LLC 3.56070 07/15/2030 US 113,613.55 $114,348.09
156700AW6 CENTURYLINK INC 5.62500 04/01/2020 US 6,883.41 $6,952.87
165183BB9 CFII 2017-4A A1 2.12000 11/15/2029 US 185,884.3 $185,817.42
166764100 CHEVRON CORP US CVX 202.07 $23,667.98
17275R102 CISCO SYSTEMS INC US CSCO 603.21 $27,331.66
172967424 CITIGROUP INC US C 251.27 $18,875.66
172967EW7 CITIGROUP INC 8.12500 07/15/2039 US 167,285.6 $277,117.99
191216100 COCA COLA CO/THE US KO 11,103.46 $592,924.70
192422103 COGNEX CORP US CGNX 3,077.29 $154,418.47
194162103 COLGATE-PALMOLIVE CO US CL 180.33 $12,230.00
20030NCY5 COMCAST CORP 3.25000 11/01/2039 US 277,420.2 $281,674.16
20369C106 COMMUNITY HEALTHCARE TRUST I US CHCT 392.26 $18,671.51
20451NAG6 COMPASS MINERALS INTERNA 6.75000 12/01/2027 US 14,601.33 $15,112.38
205887102 CONAGRA BRAND INC. US CAG 134.71 $3,889.10
222795502 COUSINS PROPERTIES INC US CUZ 1,074 $43,486.25
22546QAD9 CREDIT SUISSE AG 5.40000 01/14/2020 CH 302,455.45 $303,602.83
22822V101 CROWN CASTLE INTL CORP US CCI 149.66 $20,004.22
22944PAA5 CSMC 2013-TH1 A1 2.13000 02/25/2043 US 46,174.87 $44,923.45
231021106 CUMMINS INC US CMI 45.62 $8,342.02
2347608 FIRST QUANTUM MINERALS LTD CA FM CN 1,247.5 $11,410.93
25277LAC0 DIAMOND SPORTS GR/DIAMON 6.62500 08/15/2027 US 10,742.37 $10,470.70
253868103 DIGITAL REALTY TRUST INC US DLR 170.32 $20,599.62
25470DAT6 DISCOVERY COMMUNICATIONS 5.20000 09/20/2047 US 349,379.89 $397,807.04
25787GAC4 DONNELLEY FINANCIAL SOL 8.25000 10/15/2024 US 13,766.82 $13,990.54
25960P109 DOUGLAS EMMETT INC US DEI 464.74 $20,481.28
260557103 DOW INC US DOW 136.59 $7,289.70
262006208 DREYFUS GVT CSH MANAGEMENT US 1,549,367.4 $1,549,367.40
2715777 QUEBECOR INC -CL B CA QBR/B CN 7,010.97 $173,862.30
277432100 EASTMAN CHEM CO US EMN 54.01 $4,232.39
2801836 SHAW COMMUNICATIONS INC-B CA SJR/B CN 8,887.63 $183,667.34
285512109 ELECTRONIC ARTS US EA 4,295.84 $433,922.62
2866857 LUNDIN MINING CORP CA LUN CN 2,119.64 $11,473.46
291011104 EMERSON ELEC CO US EMR 149.77 $11,062.10
29273RAR0 ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 US 236,119.73 $275,876.96
29373FAB0 EFF 2018 -2 A2 MTGE 3.14000 02/20/2024 US 170,123.74 $171,490.02
29413XAD9 ENVIVA PARTNERS LP/FIN C 6.50000 01/15/2026 US 10,742.37 $11,163.47
29444U700 EQUINIX INC US EQIX 878.6 $498,033.77
29472R108 EQUITY LIFESTYLE PROPERTIES US ELS 282.23 $20,907.23
29476L107 EQUITY RESIDENTIAL US EQR 330.52 $28,126.84
29670E107 ESSENTIAL PROPERTIES REALTY US EPRT 790.96 $20,636.21
297178105 ESSEX PROPERTY TRUST INC US ESS 66.04 $20,616.47
302154BV0 EXPORT-IMPORT BANK KOREA 2.62500 12/30/2020 KR 302,445.2 $304,147.84
30225T102 EXTRA SPACE STORAGE INC US EXR 69.46 $7,366.37
30287EAE0 FREMF 2014-K41 B FLT 3.96298 11/25/2047 US 80,947.3 $86,073.91
30291HAA5 FREMF 2013-K28 X2A 0.10000 06/25/2046 US 10,427,671.93 $26,669.81
30291XAE2 FREMF 2014-K715 B FLT 4.11191 02/25/2046 US 78,610.68 $79,841.32
30303M102 FACEBOOK INC -A US FB 6,038.61 $1,217,624.53
30744W107 FARFETCH LTD - CLASS A GB FTCH 1,318.95 $13,136.70
311900104 FASTENAL CO US FAST 174.26 $6,189.72
3128M5VT4 FHLM POOL G03926 6.00000 02/01/2038 US 13,542.03 $15,544.07
3128M6NC8 FHLM POOL G04587 5.50000 08/01/2038 US 25,699.8 $28,880.59
3128M6NS3 FHLM POOL G04601 5.50000 07/01/2038 US 26,759.53 $30,056.82
3128M6SU3 FHLM POOL G04731 5.50000 04/01/2038 US 14,149.77 $15,906.67
3128MJ2E9 FHLM POOL FG 08772 4.50000 07/01/2047 US 111,415.16 $117,722.19
3128MJJT8 FHLM POOL G08273 5.50000 06/01/2038 US 17,811.67 $20,023.99
3128P75X7 FHLM POOL C91762 4.50000 05/01/2034 US 72,039.08 $77,402.10
3128P76G3 FHLM POOL C91771 4.50000 06/01/2034 US 19,490.95 $20,942.23
3128P76R9 FHLM POOL C91780 4.50000 07/01/2034 US 26,469.3 $28,440.03
3131XVYW9 FEDERAL NATL MTG ASSN FR ZM2525 3.00000 12/01/2046 US 189,619.25 $193,979.18
3131YBKP2 FEDERAL NATL MTG ASSN FN ZN4802 4.00000 04/01/2049 US 304,474.51 $316,656.81
3132QQFU1 FHLM POOL Q33778 4.00000 06/01/2045 US 38,202.43 $40,415.21
3132QUNJ8 FHLM POOL Q37592 4.00000 12/01/2045 US 117,240.94 $124,299.62
3132WKQ84 FHLM POOL Q45878 3.00000 12/01/2046 US 176,259.43 $180,413.56
3132Y33P7 FHLM POOL FG Q59805 4.50000 11/01/2048 US 133,108.44 $140,081.78
31335AQ92 FHLM POOL FG G60480 4.50000 11/01/2045 US 250,784.38 $269,859.05
31335CCY8 FHLM POOL FG G61887 MTGE 5.00000 02/01/2049 US 177,773.53 $190,044.92
3133G6L60 FEDERAL NATL MTG ASSN FR QN0349 3.00000 08/01/2034 US 206,625.82 $211,683.24
3136AY6W8 FNA 2017-M15 A1 3.05802 09/25/2027 US 188,073.58 $196,481.15
3136B1YD0 FNR 2018-31 KP 3.50000 07/25/2047 US 148,587.89 $154,373.34
313747206 FEDERAL RLTY INVT TR SH BEN INT US FRT 47.14 $6,226.05
3137A2B34 FHMS K009 X1 FLT 1.42680 08/25/2020 US 1,040,908.56 $6,487.57
3137AME78 FHMS K017 X1 FLT 1.44530 12/25/2021 US 924,966.8 $19,086.88
3137AUPF0 FHMS K021 x1 FLT 1.55966 06/25/2022 US 809,555.64 $25,234.82
3137B3NB0 FHMS K030 X1 FLT 0.29829 04/25/2023 US 4,187,910.5 $23,738.33
3137F4YU0 FHR 4791 BA MTGE 4.00000 03/15/2044 US 144,420.99 $146,955.77
3137FG2L8 FHR 4801 BA MTGE 4.50000 05/15/2044 US 125,897.81 $128,353.83
3138EGE26 FEDERAL NATL MTG ASSN AL0152 6.00000 06/01/2040 US 46,150.54 $53,029.50
3138EGHT4 FEDERAL NATL MTG ASSN AL0241 4.00000 04/01/2041 US 110,404.47 $118,157.48
3138EHR87 FEDERAL NATL MTG ASSN AL1410 4.50000 12/01/2041 US 158,523.86 $171,743.13
3138EP2A1 FEDERAL NATL MTG ASSN AL7068 4.50000 09/01/2042 US 111,594.06 $120,818.31
3138EQST0 FEDERAL NATL MTG ASSN AL7729 4.00000 06/01/2043 US 91,713.32 $98,129.20
3138ERN30 FEDERAL NATL MTG ASSN FN AL9409 3.50000 11/01/2031 US 161,792.78 $168,261.09
3138ETT89 FEDERAL NATL MTG ASSN AL8674 FLT 5.64500 01/01/2049 US 192,400.09 $215,630.17
3138WDAY7 FEDERAL NATL MTG ASSN FN AS3622 3.50000 10/01/2044 US 408,624.95 $430,102.14
3138WDRZ6 FEDERAL NATL MTG ASSN AS4103 4.50000 12/01/2044 US 36,868.94 $39,644.52
31403DDX4 FEDERAL NATL MTG ASSN 745418 5.50000 04/01/2036 US 32,191.78 $36,258.84
3140F8RB5 FEDERAL NATL MTG ASSN BD1381 3.50000 06/01/2046 US 54,973.74 $57,185.61
3140H2PH5 FEDERAL NATL MATG ASSN FN BJ1323 3.50000 11/01/2047 US 395,699.66 $413,331.65
3140HPMQ7 FEDERAL NATIONAL MTGE FN BK9366 4.50000 08/01/2048 US 74,637.76 $78,488.52
3140JGVQ5 FEDERAL NATL MTG ASSN FN BN0622 4.50000 01/01/2049 US 215,544.3 $226,582.59
3140Q84E2 FEDERAL NATL MTG ASSN FN CA1720 5.00000 05/01/2048 US 214,106.23 $236,310.38
3140Q9D42 FEDERAL NATL MTG ASSN FN CA1922 5.00000 06/01/2048 US 69,705.36 $74,666.48
3140Q9JA2 FEDERAL NATL MTGE ASSN FN CA2056 4.50000 07/01/2048 US 221,910.69 $233,967.86
3140Q9PD9 FEDERAL NATL MTG ASSN FN CA2219 5.00000 08/01/2048 US 138,158.05 $147,988.25
3140X4JC1 FEDERAL NATL MTG ASSN FM1158 3.50000 06/01/2034 US 289,995.25 $300,628.73
31410GCD3 FEDERAL NATL MTG ASSN 888468 5.50000 09/01/2021 US 7,502.4 $7,604.11
31410GN33 FEDERAL NATL MTG ASSN 888810 5.50000 11/01/2022 US 9,111.9 $9,222.95
31417YJC2 FEDERAL NATL MTG ASSN MA0258 4.50000 12/01/2039 US 80,018.34 $86,668.74
31418BBC9 FEDERAL NATL MTG ASSN MA1834 4.50000 02/01/2034 US 74,826.77 $80,355.25
31418BDH6 FEDERAL NATL MTG ASSN MA1903 4.50000 05/01/2034 US 38,160.63 $40,980.35
31418C4F8 FEDERAL NATL MTG ASSN FN MA3521 4.00000 11/01/2048 US 331,143.53 $343,666.66
31418C4M3 FEDERAL NATL MTG ASSN FN MA3527 5.00000 11/01/2048 US 286,920.11 $306,285.54
31418CAF1 FEDERAL NATL MTG ASSN FN MA2705 3.00000 08/01/2046 US 136,857.67 $140,026.78
31418CYJ7 FEDERAL NATL MTG ASSN FN MA3412 3.50000 07/01/2038 US 279,271.33 $290,269.06
31418CZ56 FEDERAL NATL MTG ASSN FN MA3463 4.00000 09/01/2033 US 106,160.06 $110,828.52
31418CZH0 FEDERAL NATL MTG ASSN FN MA3443 4.00000 08/01/2048 US 154,415.82 $160,054.26
31418DC67 FEDERAL NATL MTG ASSN FN MA3692 3.50000 07/01/2049 US 408,274.86 $419,077.27
31418MGR7 FEDERAL NATL MTG ASSN AD0207 6.00000 10/01/2038 US 29,496.03 $33,872.29
31418MKV3 FEDERAL NATL MTG ASSN AD0307 5.50000 01/01/2039 US 18,654.49 $20,962.24
315786AC7 FIDELITY & GUARA NTY LIFE 5.50000 05/01/2025 US 6,883.41 $7,296.42
316773100 FIFTH THIRD BANCORP US FITB 205.15 $6,193.57
32054K103 FIRST INDUSTRIAL REALTY TR US FR 324.99 $13,837.95
33834YAA6 FIVE POINT OP CO LP/FIVE 7.87500 11/15/2025 US 10,742.37 $10,518.61
34461LAA2 FONTAINEBLEAU MIAMI BEACH TRUST 3.14400 12/10/2036 US 195,446.41 $201,240.36
346232AD3 FORESTAR GROUP INC 8.00000 04/15/2024 US 6,883.41 $7,434.09
34960PAB7 FORTRESS TRANS & INFRAST 6.50000 10/01/2025 US 16,791.28 $17,281.08
35166FAA0 FOXTROT ESCROW ISSUER 12.25000 11/15/2026 US 10,742.37 $10,822.94
35563BAJ9 FREMF 2014-K37 B FLT 4.71450 01/25/2047 US 140,156.4 $151,927.02
36246MAT6 GTP AQUISITION PARTNERS 2.35000 06/15/2020 US 60,823.87 $60,731.67
364760108 GAP INC US GPS 145.58 $2,418.06
369550108 GENERAL DYNAMICS CORP US GD 46.39 $8,431.19
369604BQ5 GENERAL ELECTRIC CO 5.00000 01/21/2021 US 304,953.85 $298,308.90
370334104 GENERAL MLS INC US GIS 167.15 $8,912.28
37045XAR7 GENERAL MOTORS FINL CO 3.15000 01/15/2020 US 317,891.29 $318,002.78
372460105 GENUINE PARTS CO US GPC 54.94 $5,734.50
374297109 GETTY REALTY CORP US GTY 377.86 $12,681.13
375558103 GILEAD SCIENCES INC US GILD 260.7 $17,529.60
37960JAA6 GLOBAL AIR LEASE CO LTD 6.50000 09/15/2024 KY 12,932.32 $13,227.17
38141GVR2 GOLDMAN SACHS GROUP INC 4.25000 10/21/2025 US 156,856.81 $169,368.92
38379RRX3 GNR 2017-54 AH MTGE 2.60000 12/16/2056 US 211,030.3 $212,384.67
388689101 GRAPHIC PACKAGING HOLDING CO US GPK 18,141.31 $295,159.10
400506101 GRUPO AEROPORTUARIO PAC-ADR MX PAC 169.9 $17,190.53
40051E202 GRUPO AEROPORTUARIO DEL SURESTE MX ASR 141.22 $24,213.37
404119BX6 HCA INC 4.12500 06/15/2029 US 266,364.25 $280,614.57
404139AD9 HC2 HOLDINGS INC 11.50000 12/01/2021 US 3,858.96 $3,550.24
406216101 HALLIBURTON CO US HAL 18,716.54 $392,860.13
416515104 HARTFORD FINL SVCS US HIG 81.48 $5,040.18
421946104 HEALTHCARE REALTY TRUST INC US HR 572.48 $19,000.66
42225P501 HEALTHCARE TRUST OF AMERICA US HTA 352.83 $10,708.52
42250P103 HEALTHPEAK PROPERTIES INC US PEAK 954.31 $33,286.38
427866108 HERSHEY CO/THE US HSY 57.43 $8,508.26
43300A203 HILTON WORLDWIDE HOLDINGS INC US HLT 120.46 $12,648.54
437076102 HOME DEPOT INC US HD 157.05 $34,631.34
438516106 HONEYWELL INTERNATIONAL INC US HON 118.11 $21,087.91
44107P104 HOST MARRIOTT CORP US HST 689.4 $12,057.58
444454AD4 HUGHES SATELLITE SYSTEMS 5.25000 08/01/2026 US 6,883.41 $7,468.50
450913AE8 IAMGOLD CORP 7.00000 04/15/2025 CA 10,742.37 $10,923.70
452308109 ILLINOIS TOOL WKS INC US ITW 67.19 $11,712.95
45337C102 INCYTE CORP US INCY 2,260.54 $212,852.62
45378A106 INDEPENDENCE REALTY TRUST IN US IRT 945.76 $14,129.64
45682RAA8 INFRABUILD AUSTRALIA PTY 12.00000 10/01/2024 AU 10,742.37 $10,957.22
458140100 INTEL CORP US INTC 655.07 $38,026.90
45866F104 INTERCONTINENTALEXCHANGE INC US ICE 3,349.85 $315,455.52
459200101 INTERNATIONAL BUSINESS MACH CORP US IBM 157.82 $21,219.29
460146103 INTERNATIONAL PAPER CO US IP 93.89 $4,350.80
46187BAA1 IHSFR 2017-SFR2 A 2.61250 12/17/2036 US 62,694.6 $62,606.53
46187BAB9 IHSFR 2017-SFR2 B 2.91250 12/17/2036 US 48,497.47 $48,427.99
46187W107 INVITATION HOMES INC US INVH 1,566.03 $47,810.89
46625H100 JP MORGAN CHASE & CO US JPM 337.55 $44,475.37
46640BAC8 JPMMT 2013-2 A2 3.50000 05/25/2043 US 55,363.07 $56,452.45
46641YAA1 JPMMT 2014-2 1A1 3.00000 06/25/2029 US 75,084.67 $76,247.64
46647PAY2 JPMORGAN CHASE & CO 4.02300 12/05/2024 US 245,921.36 $261,637.41
4741844 MERCK KGAA DE MRK GR 5,580.55 $651,368.45
476405105 JERNIGAN CAPITAL INC US JCAP 1,073.94 $18,772.45
478160104 JOHNSON & JOHNSON US JNJ 6,769.25 $930,704.04
47987LAA9 JONAH NRG LLC/FINANCE 7.25000 10/15/2025 US 13,766.82 $3,992.38
4821100 SOLVAY SA BE SOLB BB 601.27 $68,903.16
482480100 KLA-TENCOR CORPORATION US KLAC 49.98 $8,189.62
483007AJ9 KAISER ALUMINUM CORP 4.62500 03/01/2028 US 7,717.92 $7,921.67
487526AB1 KEHE DISTRIBUTORS LLC/FI 8.62500 10/15/2026 US 8,552.43 $8,894.53
487836108 KELLOGG CO US K 93.28 $6,074.63
493267108 KEYCORP US KEY 278.24 $5,395.17
49427F108 KILROY REALTY CORP US KRC 83.08 $6,915.78
494368103 KIMBERLY CLARK CORP US KMB 82.85 $11,296.30
494550AW6 KINDER MORGAN ENER PART 6.95000 01/15/2038 US 283,469.1 $367,293.44
500255104 KOHLS CORP US KSS 61.62 $2,896.71
50050N103 KONTOOR BRANDS INC US KTB 6.84 $245.28
501044101 KROGER CO US KR 173.22 $4,735.76
50187TAE6 LGI HOMES INC 6.87500 07/15/2026 US 13,766.82 $14,214.25
5107401 BEIERSDORF AG DE BEI GR 310.28 $36,186.95
512807108 LAM RESEARCH CORP US LRCX 28.41 $7,580.81
516806AD8 LAREDO PETROLEUM INC 5.62500 01/15/2022 US 7,717.92 $7,105.16
531172104 LIBERTY PROPERTY TRUST US LPT 271.8 $16,748.08
53223X107 LIFE STORAGE INC US LSI 90.43 $9,903.36
539830109 LOCKHEED MARTIN CORP US LMT 49.21 $19,241.64
54238XAC2 LONESTAR RESOURCES AMERICA 11.25000 01/01/2023 US 6,883.41 $4,818.39
550021109 LULULEMON - ADR CA LULU 3,071.98 $693,315.33
56585A102 MARATHON PETROLEUM CORP US MPC 176.3 $10,691.10
57636Q104 MASTERCARD INC-CLASS A US MA 3,458.08 $1,010,555.92
57772K101 MAXIM INTEGRATED PRODUCTS US MXIM 83.02 $4,704.79
58933Y105 MERCK & CO INC US MRK 2,551.09 $222,404.36
594918104 MICROSOFT CORP US MSFT 6,272.76 $949,570.97
595112103 MICRON TECHNOLOGY INC US MU 17,663.51 $839,193.41
59522J103 MID-AMERICA APARTMENT COMM US MAA 100.33 $13,656.32
60871R209 MOLSON COORS BREWING CO -B US TAP 66.58 $3,361.14
609207105 MONDELEZ INTERNATIONAL INC US MDLZ 11,123.76 $584,442.42
615369105 MOODY'S CORPORATION US MCO 1,461.83 $331,352.54
61965RAA3 MOSS CREEK RESOURCES HLD 7.50000 01/15/2026 US 7,717.92 $5,132.42
61965RAB1 MOSS CREEK RESOURCES HLD 10.50000 05/15/2027 US 3,024.45 $2,222.97
62426EAA3 MOUNTAIN PROVINCE DIAMON 8.00000 12/15/2022 CA 14,601.33 $14,017.28
6356934 FANUC LTD JP 6954 JP 77.18 $14,736.80
637417106 NATIONAL RETAIL PROPERTIES US NNN 287.23 $16,010.32
637870106 NATIONAL STORAGE AFFILIATES US NSA 227.68 $7,627.24
63938CAA6 NAVIENT CORP 5.00000 10/26/2020 US 10,742.37 $10,957.22
63940YAA4 NAVSL 2019-CA A1 2.82000 02/15/2068 US 139,713.82 $140,228.17
64110D104 NETAPP INC US NTAP 58.2 $3,526.22
64829DAG1 NRZT 2014-3A AFX3 3.75000 11/25/2054 US 56,039.44 $58,108.00
64829EAA2 NRZT 2015-2A A1 3.75000 08/25/2055 US 79,217.58 $82,111.63
64829LAA6 NRZT 2016-4A A1 3.75000 11/25/2056 US 84,104.65 $86,980.11
6490995 KEYENCE CORP JP 6861 JP 187.74 $64,281.53
6514442 METROPOLITAN BANK & TRUST PH MBT PM 668.52 $871.80
66727WAA0 NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 CA 13,766.82 $8,871.01
66987V109 NOVARTIS AG- REG CH NVS 11,224.47 $1,036,018.37
670346105 NUCOR CORP US NUE 103.65 $5,841.76
67059TAD7 NUSTAR LOGISTICS LP 6.75000 02/01/2021 US 6,883.41 $7,118.14
67066G104 NVIDIA CORP US NVDA 1,428.88 $309,694.94
6742340 SHANDONG WEIGAO CN 1066 HK 26,032.56 $31,417.78
674599105 OCCIDENTAL PETROLEUM CORP US OXY 147.89 $5,704.26
680665AL0 OLIN CORP 5.62500 08/01/2029 US 6,883.41 $7,175.96
681936100 OMEGA HEALTHCARE INVS INC US OHI 325.82 $13,694.29
6821506 SONY CORP FIRST SECTION JP 6758 JP 992.91 $63,008.06
69145AAB4 OXFIN 2019-1A A2 4.45900 02/15/2027 US 100,141 $102,499.81
7021963 DEUTSCHE BOERSE AG DE DB1 GR 368.48 $56,393.30
70450Y103 PAYPAL HOLDINGS INC US PYPL 2,849.72 $307,798.67
7123870 NESTLE SA-REGISTERED CH NESN SW 6,680.59 $693,744.70
713448108 PEPSICO INC US PEP 4,738.64 $643,649.74
717081103 PFIZER INC US PFE 829.83 $31,965.14
718546104 PHILLIPS 66 US PSX 82.25 $9,435.60
719245AD4 PHOTO HOLDINGS MERGER SU 8.50000 10/01/2026 US 10,742.37 $8,996.74
71943U104 PHYSICIANS REALTY TRUST US DOC 1,174.27 $22,534.28
729640102 PLYMOUTH INDUSTRIAL REIT INC US 425.82 $7,894.72
741503AZ9 BOOKING HOLDINGS INC 3.60000 06/01/2026 US 505,609.53 $540,624.74
74166MAB2 PRIME SECSRVC BRW/FINANC 5.25000 04/15/2024 US 10,742.37 $11,064.64
74166MAC0 PRIME SECSRVC BRW/FINANC 5.75000 04/15/2026 US 6,883.41 $7,189.86
74333NAA0 PROGRESS RESIDENTIAL TRUST 3.14700 05/17/2036 US 188,249.42 $190,120.73
74340W103 PROLOGIS US PLD 756.88 $69,292.10
74460D109 PUBLIC STORAGE INC US PSA 125.68 $26,477.56
74834L100 QUEST DIAGNOSTICS INC US DGX 41.43 $4,414.04
750236AW1 RADIAN GROUP INC 4.87500 03/15/2027 US 10,742.37 $11,252.64
756109104 REALTY INCOME CORP US O 102 $7,816.41
7591EP100 REGIONS FINANCIAL CORP. US RF 247.52 $4,118.71
76131D103 RESTAURANT BRANDS INTERN CA QSR 546.94 $35,895.39
7698356 GETINGE AB-B SHS SE GETIB SS 1,745.63 $30,304.90
77340RAK3 ROCKIES EXPRESS PIPELINE 5.62500 04/15/2020 US 10,742.37 $10,892.81
773903109 ROCKWELL AUTOMATION INC US ROK 24.05 $4,710.15
783513203 RYANAIR HOLDINGS - ADR IE RYAAY 426.68 $35,551.04
78409V104 S&P GLOBAL INC US SPGI 1,182.95 $313,068.03
78410G104 SBA COMMUNICATIONS CORP US SBAC 1,254.28 $296,599.26
78442PGC4 SLM CORP 5.12500 04/05/2022 US 13,766.82 $14,197.04
78470RAC1 SOFI 2016-E A2B 2.49000 01/25/2036 US 131,137.63 $131,516.35
78471DAA5 SCLP 2016-1 A 3.26000 08/25/2025 US 49,398.58 $49,804.93
78490DAA2 SOFI 2018-C A1FX 3.08000 01/25/2048 US 61,205.43 $61,537.22
785592AV8 SABINE PASS LIQUEFACTION 5.87500 06/30/2026 US 425,304.77 $486,492.46
80282KAE6 SANTANDER HOLDINGS USA 4.50000 07/17/2025 US 329,564.16 $354,555.73
806857108 SCHLUMBERGER LTD NL SLB 8,878.61 $321,405.51
81141R100 SEA LTD - ADR SG SE 9,072.33 $336,038.96
812578102 SEATTLE GENETICS INC US SGEN 1,610.36 $193,806.23
81745EAA7 SEMT 2013-8 A1 3.00000 06/25/2043 US 81,562.23 $82,186.67
81745MAA9 SEMT 2013-2 1.87400 02/25/2043 US 66,067.2 $63,472.20
81762P102 SERVICENOW INC US NOW 2,164.8 $612,725.34
822538AE4 SHELF DRILL HOLD LTD 8.25000 02/15/2025 KY 6,883.41 $5,840.23
828806109 SIMON PROPERTY GROUP INC US SPG 298.5 $45,135.49
832696405 JM SMUCKER CO/THE-NEW COM WI US SJM 40.05 $4,208.88
83401BAA4 SOFI 2017-F A1FX 2.05000 01/25/2041 US 9,077.33 $9,073.28
83401BAB2 SOFI 2017-F A2FX 2.84000 01/25/2041 US 32,849.16 $33,175.67
83402QAA0 SCLP 2016-2 A 3.09000 10/27/2025 US 14,866.72 $14,908.59
83404YAA1 SCLP 2016-5 A 3.06000 09/25/2028 US 33,473.6 $33,631.37
83405DAB4 SOFI 2017-C A2A 1.75000 07/25/2040 US 3,176.26 $3,174.95
83405TAA1 SCLP 2019-3 A MTGE 2.90000 05/25/2028 US 149,645.41 $150,554.18
83406CAA7 SCLP 2019-2 A MTGE 3.01000 04/25/2028 US 116,766.41 $117,574.51
83406EAB1 SOFI 2018-A A2A 2.39000 02/25/2042 US 29,045.14 $29,058.82
835699307 SONY CORP SPONSORED ADR JP SNE 10,085.25 $640,211.68
84265VAD7 SOUTHERN COPPER CORP 5.37500 04/16/2020 US 370,449.94 $373,781.85
852061AR1 SPRINT COMMUNICATIONS 7.00000 08/15/2020 US 14,601.33 $14,950.89
85207UAE5 SPRINT CORP 7.25000 09/15/2021 US 6,883.41 $7,299.86
85207UAH8 SPRINT CORP 7.12500 06/15/2024 US 6,883.41 $7,416.88
85254J102 STAG INDUSTRIAL INC US STAG 394.97 $12,240.10
855030AN2 STAPLES INC 7.50000 04/15/2026 US 10,742.37 $11,239.21
85571XAA5 SRPT 2014-STAR A FLTG RATE 2.98538 11/15/2027 US 192,076.4 $191,713.99
858912AF5 STERICYCLE INC 5.37500 07/15/2024 US 10,742.37 $11,225.78
862121100 STORE CAPITAL CORP US STOR 294.95 $12,007.41
866674104 SUN COMMUNITIES US SUI 182.21 $30,011.09
86723CAF5 SUNCOKE ENRGY PART LP/FI 7.50000 06/15/2025 US 6,883.41 $6,229.49
867892101 SUNSTONE HOTEL INVESTORS INC US SHO 568.94 $7,965.11
867914103 SUNTRUST BANKS INC US STI 105.53 $7,475.62
86935CAA0 SCML 2019-SBC8 2.86000 12/25/2035 US 177,781.64 $178,370.68
871829107 SYSCO CORP US SYY 129.75 $10,451.04
87677QAA9 TXEZ 2016-1A 3.13100 06/15/2028 US 8,911.17 $8,907.85
87854WAA1 TECHNIPLAS LLC 10.00000 05/01/2020 US 7,717.92 $6,868.95
88032WAN6 TENCENT HOLDINGS 3.97500 04/11/2029 KY 257,604.47 $276,717.56
882508104 TEXAS INSTRUMENTS INC US TXN 167.15 $20,092.76
88579Y101 3M CO US MMM 113.75 $19,310.79
89173CAA5 TPMT 2016-5 A1 2.50000 10/25/2056 US 135,789.69 $136,093.19
89173FAA8 TPMT 2017-1 A1 2.75000 10/25/2056 US 138,127.79 $138,700.22
89177EAA7 TPMT 2019-HY1 A1 2.70800 10/25/2048 US 125,169.64 $125,532.17
892231AA9 TOWNSQUARE MEDIA INC 6.50000 04/01/2023 US 3,858.96 $3,878.26
89417E109 TRAVELLERS COS INC US TRV 47.5 $6,493.80
89613BAA5 TAH 2016-SFR1 A 2.58900 11/17/2033 US 150,052.22 $149,740.80
89613FAA6 TAH 2017-SFR2 A 2.92800 01/17/2036 US 154,748.79 $156,014.80
901109AF5 TUTOR PERINI CORP 6.87500 05/01/2025 US 17,625.78 $17,207.17
902494103 TYSON FOODS INC -CL A US TSN 68.29 $6,138.95
902653104 UDR INC US UDR 492.09 $23,644.96
902973304 U.S. BANCORP US USB 299.98 $18,007.82
903002103 UMH PROPERTIES INC US UMH 448.79 $7,005.57
904767704 UNILEVER PLC - ADR GB UL 9,759.18 $580,573.32
907818108 UNION PAC CORP US UNP 120.42 $21,193.04
911312106 UNITED PARCEL SERVICE US UPS 174.59 $20,904.13
912810PT9 UNITED STATES TREAS BOND 4.75000 02/15/2037 US 983,587.66 $1,384,668.58
912810QV3 UNITED STATES TREAS INFL INDEX 0.75000 02/15/2042 US 376,559.82 $397,862.87
912810RK6 US TREASURY N/B 2.50000 02/15/2045 US 1,343,278.08 $1,419,414.66
912810RX8 US TREASURY N/B 3.00000 05/15/2047 US 1,472,844.74 $1,714,770.99
9128284P2 US TREASURY N/B 2.62500 05/15/2021 US 1,784,654.52 $1,808,635.82
9128286N5 TSY INFL IX N/B 0.50000 04/15/2024 US 864,255.4 $873,957.73
912828D56 US TREASURY N/B 2.37500 08/15/2024 US 1,399,374.02 $1,445,946.94
912828K33 UNITED STATES TREAS INFL INDEX 0.12500 04/15/2020 US 1,825,405.25 $1,820,263.85
912828K74 US TREASURY N/B 2.00000 08/15/2025 US 1,410,319.02 $1,434,448.71
912828R36 US TREASURY N/B 1.62500 05/15/2026 US 1,430,115.31 $1,422,461.96
912828VB3 UNITED STATES TREAS NTS 1.75000 05/15/2023 US 814,659.05 $818,318.66
912828WJ5 US TREASURY N/B 2.50000 05/15/2024 US 550,942.38 $571,430.55
912828XB1 UNITED STATES TREAS NTS 2.12500 05/15/2025 US 800,205.43 $818,928.98
913017109 UNITED TECHNOLOGIES CORP US UTX 142.93 $21,202.12
91704F104 URBAN EDGE PROPERTIES US UE 911.02 $18,885.40
918204108 VF CORP US VFC 100.56 $8,903.90
91913Y100 VALERO ENERGY US VLO 103.82 $9,913.55
92276F100 VENTAS INC US VTR 265.12 $15,459.22
92339V100 VEREIT INC US VER 2,276.16 $22,215.32
92343VDU5 VERIZON COMMUNICATIONS 5.25000 03/16/2037 US 448,043.84 $566,171.22
92532F100 VERTEX PHARMACEUTICALS INC US VRTX 897.59 $199,039.52
92553P201 VIACOM INC CL B US VIAB 134.71 $3,242.48
92826C839 VISA INC - CLASS A SHARES US V 4,820.42 $889,415.45
92840JAA7 VISTAJET MALTA/XO MGMT 10.50000 06/01/2024 MUL 10,742.37 $10,366.39
929042109 VORNADO REALTY TRUST US VNO 124.32 $8,027.42
92922PAL0 W & T OFFSHORE INC 9.75000 11/01/2023 US 6,883.41 $6,332.74
93065PAA9 WBHT 2019-WBM A FLT 2.81538 12/15/2033 US 147,368.76 $147,460.53
931142103 WAL MART STORES US WMT 364.85 $43,450.39
931427108 WALGREENS BOOTS ALLIANCE INC US WBA 180.16 $10,737.74
94106L109 WASTE MANAGEMENT INC US WM 99.62 $11,248.65
94856UAA9 WEEKLEY HOMES LLC/ FINAN 6.62500 08/15/2025 US 11,576.88 $11,837.36
948741103 WEINGARTEN REALTY INVESTORS US WRI 542.97 $17,288.02
949746101 WELLS FARGO COMPANY US WFC 651.32 $35,470.71
95040Q104 WELLTOWER INC. US WELL 330.29 $27,932.25
958102105 WESTERN DIGITAL CORP US WDC 92.18 $4,639.32
96949LAD7 WILLIAMS PARTNERS LP 3.75000 06/15/2027 US 259,688.18 $265,871.67
97651JAE6 WINWATER MORTGAGE LOAN TRUST 3.50000 03/20/2045 US 48,101.67 $48,149.94
98311A105 WYNDHAM HOTELS & RESORTS INC US WH 220.8 $12,790.67
AP8694550 BOREALIS FINANCE LLC 7.50000 11/16/2022 MH 14,601.33 $13,752.64
B02J639 ADMIRAL GROUP PLC GB ADM LN 1,813.21 $50,128.89
B1KFX13 GRUPO AEROPORTUARIO DEL CENT MX OMAB MM 3,491.88 $23,235.78
B1XH026 VINCI SA FR DG FP 219.55 $23,933.02
B1Y47Y7 GERRESHEIMER AG DE GXI GR 452.34 $33,261.18
B1Y9TB3 DANONE FR BN FP 730.08 $60,072.57
B3ZD2V9 MEX BONOS DESARR FIX RT 6.50000 06/10/2021 MX 384,722.59 $19,559.38
B4888C1 CANADIAN GOVERNMENT FLT 2.75000 06/01/2022 CA 46,369.21 $35,909.87
B4NDCC9 MEX BONOS DESARR FIX RT 6.50000 06/09/2022 MX 625,831.2 $31,716.67
B4R2R50 JULIUS BAER CH BAER SW 633.82 $29,855.51
B615Y14 MEX BONOS DESARR FIX RT 8.00000 06/11/2020 MX 934,352.7 $47,976.73
B63QM77 NEXON CO LTD JP 3659 JP 71,810.63 $981,043.85
B6TC406 MEX BONOS DESARR FIX RT 7.75000 05/29/2031 MX 120,418.76 $6,434.60
BBG00Q7Z9PN7 SE US 12/20/19 C39 SG -38.17 -$2,481.24
BBG00QR025W3 MU US 12/13/19 P43 US -44.74 -$626.41
BBQ3850 KEYWORDS STUDIOS PLC IE KWS LN 754.9 $13,729.11
BD3HF92 BSR REAL ESTATE INVESTMENT CA HOM/U CN 267.94 $3,408.40
BD4TZK8 OCI NV NL OCI NA 526.81 $9,979.35
BGHQ198 HIBERNIA REIT PLC IE HBRN ID 6,643.13 $10,671.64
BGHVXC0 DRILLING CO OF 1972/THE DK DRLCO DC 411.24 $24,899.86
BH3T8K8 ORBIA ADVANCE CORP SAB DE CV MX 13,360.5 $29,004.35
BJ2KSG2 AKZO NOBEL NL AKZA NA 377.2 $36,122.02
BMMV2K8 TENCENT HOLDINGS LTD CN 700 HK 15,230.97 $642,673.12
BMTRW10 B&M EUROPEAN VALUE RETAIL SA GB BME LN 6,336.28 $30,968.51
BNGN9Z1 FINECOBANK SPA IT FBK IM 3,976.97 $49,225.55
BP9DL90 INDUSTRIA DE DISENO TEXTIL ES ITX SM 18,533.64 $576,663.48
BYXS699 QIAGEN N.V. NL QIA GR 1,238.95 $53,047.85
BYYHL23 ANHEUSER-BUSCH INBEV SA/NV BE ABI BB 7,244.6 $574,266.76
G0772R208 BANK OF N.T. BUTTERFIELD&SON BM NTB 1,061.33 $36,668.97
G29183103 EATON CORP PLC US ETN 109.72 $10,149.19
G51502105 JOHNSON CONTROLS INTERNATIONAL US JCI 208.57 $8,933.23
G5960L103 MEDTRONIC INC IE MDT 9,255.19 $1,030,935.75
G97822103 PERRIGO CO PLC IE PRGO 729.25 $37,359.35
H01301128 ALCON INC CH ALC 5,665.61 $313,251.53
H1467J104 CHUBB LTD CH CB 68.29 $10,345.17
H8817H100 TRANSOCEAN LTD US RIG 24,989.85 $124,449.46
N22717107 CORE LABORATORIES N.V. NL CLB 510.54 $22,361.48
N47279109 INTERXION HOLDING NV NL INXN 472.46 $40,178.18
N53745100 LYONDELLBASELL INDU-CL A US LYB 100.73 $9,321.60
N72482123 QIAGEN N.V. ADR NL QGEN 733.94 $31,412.67

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 2025 Series Class R Distribution History
  • 2019 Distribution Calendar
  • Fourth Quarter 2019 Distribution Estimates
  • Third Quarter 2019 Distributions
  • Second Quarter 2019 Distributions
  • First Quarter 2019 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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