Investment Objective

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

Investment Strategy

Currently: The portfolio is currently invested in a moderately growth-oriented mix of securities that seeks potential for growth with some stability. The portfolio is diversified among various stock investments and fixed income securities, which will typically be intermediate to long-term maturities. Stock exposure can range from 35% - 73%.

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 2030
  • Who have some time to pursue growth 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

$9.29

Daily $ Change

-$0.01

Daily % Change

-0.11%

as of 01/16/2019

Ticker

MTPZX

CUSIP

56382R647

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

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 12/31/2018

YTD

---

1 Year

-4.17%

3 Year

5.07%

5 Year

3.06%

10 Year

8.77%

Inception
(03/28/2008)

5.27%

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. 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 0.69%
Net 0.61%*

*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 12/31/2018

TREASURY NOTES 23.29%
TREASURY BONDS 7.42%
GOVERNMENT AGENCY 5.04%
UNITED STATES TREAS INFL INDEX 0.12500 04/15/2020 3.29%
QORVO INC 1.50%
NOVARTIS AG- REG 1.49%
MASTERCARD INC-CLASS A 1.35%
MICROSOFT CORP 1.28%
JOHNSON & JOHNSON 1.28%
MEDTRONIC INC 1.26%

Top Ten Investments list is unaudited and excludes cash

Asset Allocation

As of 12/31/2018

Bonds 49.56%
Stocks 37.21%
Cash 13.23%

Detailed Asset Class Allocation

As of 12/31/2018

International Equities 13.08%
Small Capitalization 1.20%
Mid Capitalization 3.62%
Large Capitalization 19.31%
Long Term Fixed Income 12.37%
Intermediate Term Fixed Income 29.46%
Short Term Fixed Income 7.73%
Cash 13.23%

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

December Fund Holdings

As of 12/31/2018

CUSIP Security Description Country Ticker Shares/Par Market Value (USD)
00101JAH9 ADT SEC CORP 4.12500 06/15/2023 US 33,544.56 $30,693.27
00101JAM8 ADT CORP 5.25000 03/15/2020 US 22,500.52 $22,556.77
00206RDQ2 AT&T INC 4.25000 03/01/2027 US 333,337.41 $326,123.88
00254EML3 SWEDISH EXPORT CREDIT 1.12500 08/28/2019 SE 330,110.99 $326,781.26
00289XAA7 ABENGOA YIELD PLC 7.00000 11/15/2019 GB 108,442.26 $109,797.79
004239109 ACADIA REALTY TRUST US AKR 320.74 $7,620.68
0045614 ANTOFAGASTA PLC GB ANTO LN 5,372.87 $53,736.87
00774MAG0 AERCAP IRELAND CAP / GLOBA 4.45000 10/01/2025 IE 338,653.2 $321,498.10
00790X101 ADVANCED DISPOSAL SERVICES US ADSW 3,157.68 $75,594.84
008492100 AGREE REALTY CORP US ADC 188.8 $11,162.02
00928QAK7 AIRCASTLE LTD 6.25000 12/01/2019 BM 28,228.77 $28,901.12
013817AW1 ALCOA INC 5.12500 10/01/2024 US 19,842.62 $19,049.12
015271109 ALEXANDRIA REAL EST EQUITIES US ARE 73.23 $8,439.00
01609W102 ALIBABA GROUP - ADR CN BABA 198.29 $27,179.47
01748XAA0 ALLEGIANT TRAVEL CO 5.50000 07/15/2019 US 28,063.79 $28,063.79
02005NAT7 ALLY FINANCIAL INC 3.50000 01/27/2019 US 27,816.32 $27,798.94
02079K107 ALPHABET INC-CL C US GOOG 639.73 $662,511.64
02079K305 ALPHABET INC-CL A US GOOGL 442.22 $462,103.72
02209S103 ALTRIA GROUP INC US MO 1,139.17 $56,263.77
023135106 AMAZON.COM INC US AMZN 310.93 $467,008.01
02319V103 AMBEV SA-ADR BR ABEV 122,469.07 $480,078.76
0237400 DIAGEO PLC GB DGE LN 24,230.51 $865,862.75
02376RAA0 AMERICAN AIRLINES GROUP 5.50000 10/01/2019 US 28,228.77 $28,299.34
024835100 AMERICAN CAMPUS COMMUNITIES US ACC 239.12 $9,897.16
0263494 BAE SYSTEMS PLC GB BA/ LN 4,334.22 $25,350.24
02665T306 AMERICAN HOMES 4 RENT- A US AMH 1,747.48 $34,687.47
02666TAA5 AMERICAN HOMES 4 RENT 4.25000 02/15/2028 US 343,969 $332,398.60
02753GAA7 AMERICAN MIDSTREAM PTR/F 9.50000 12/15/2021 US 36,614.91 $34,418.01
03027X100 AMERICAN TOWER REIT INC US AMT 3,195.41 $505,482.25
03064D108 AMERICOLD REALTY TRUST US COLD 334.85 $8,552.07
03748R101 APARTMENT INVT & MGMT CO -A US AIV 577.04 $25,320.51
03784Y200 APPLE HOSPITALITY REIT INC US APLE 528.97 $7,543.09
0405207 HALMA PLC GB HLMA LN 842.88 $14,683.29
0490656 KERRY GROUP PLC-A IE KYGA LN 284.03 $27,905.36
053332102 AUTOZONE INC US AZO 153.43 $128,626.14
053484101 AVALONBAY COMMUNITIES INC US AVB 402.35 $70,029.28
058498106 BALL CORP US BLL 23,580.1 $1,084,212.93
06051GFM6 BANK OF AMERICA CORP 4.00000 01/22/2025 US 502,251.56 $489,266.46
084670702 BERKSHIRE HATHAWAY INC-CL B US BRK/B 3,649.82 $745,219.98
09061G101 BIOMARIN PHARMACEUTICAL INC US BMRN 5,793.75 $493,337.74
0922320 SMITH & NEPHEW PLC GB SN/ LN 1,088.64 $20,377.92
09247X101 BLACKROCK INC US BLK 805.17 $316,286.38
0946580 WEIR GROUP PLC/THE GB WEIR LN 2,398.53 $39,717.90
096630AE8 BOARDWALK PIPELINES LP 5.95000 06/01/2026 US 475,672.58 $491,427.81
09857L108 BOOKING HOLDINGS INC US BKNG 757.64 $1,304,976.38
101121101 BOSTON PROPERTIES INC US BXP 442.04 $49,751.24
105368203 BRANDYWINE REALTY TRUST US BDN 2,192.17 $28,213.28
110122108 BRISTOL MYERS SQUIBB CO US BMY 8,426.43 $438,005.80
110448107 BRITISH AMERICAN TOB-SP ADR GB BTI 395.16 $12,589.72
1248EPBR3 CCO HLDGS LLC/CAP CORP 5.50000 05/01/2026 US 35,790.02 $34,403.15
12503M108 CBOE GLOBAL MARKETS INC US CBOE 4,775.44 $467,180.99
125269100 CF INDUSTRIES HOLDINGS INC US CF 1,309.51 $56,976.91
12572Q105 CME GROUP INC US CME 2,422.5 $455,720.76
12592BAB0 CNH INDUSTRIAL CAPITAL L 3.37500 07/15/2019 US 420,864.83 $417,708.34
12646XAH5 CSMC 2013-IVR3 A1 2.50000 05/25/2043 US 116,532.06 $109,891.81
12648TAA7 CSMC 2014-IVR3 A1 3.50000 07/25/2044 US 201,379.36 $199,046.88
133131102 CAMDEN PROPERTY TRUST US CPT 92.66 $8,158.71
13321L108 CAMECO CORP CA CCJ 1,145.97 $13,006.76
134429109 CAMPBELL SOUP CO US CPB 1,933.95 $63,801.17
14980AAA0 CAZENOVIA CREEK FUNDING LLC 3.56070 07/15/2030 US 236,758.05 $236,911.28
156504AH5 CENTURY COMMUNITIES 5.87500 07/15/2025 US 67,217.6 $59,151.49
165183AA2 CFII 2016-1A A1 2.11000 03/15/2028 US .07 $0.07
165183AL8 CFII 2017-2A A1 1.99000 05/15/2029 US .16 $0.16
165183BB9 CFII 2017-4A A1 2.12000 11/15/2029 US 228,941.98 $226,460.94
165240102 CHESAPEAKE LODGING TRUST US CHSP 458.81 $11,172.00
172967EW7 CITIGROUP INC 8.12500 07/15/2039 US 175,054.84 $242,862.43
191216100 COCA COLA CO/THE US KO 19,635.38 $929,735.02
192422103 COGNEX CORP US CGNX 993.58 $38,421.74
194162103 COLGATE-PALMOLIVE CO US CL 915.22 $54,473.63
2011646 ALIMENTATION COUCHE-TARD -B CA ATD/B CN 298.56 $14,851.27
20369C106 COMMUNITY HEALTHCARE TRUST I US CHCT 920.28 $26,531.56
2162760 CAE INC CA CAE CN 550.05 $10,108.95
21871N101 CORECIVIC INC US CXW 1,833.13 $32,684.67
222795106 COUSINS PROPERTIES INC US CUZ 4,533.88 $35,817.64
22282EAH5 COVANTA HOLDING CORP 6.00000 01/01/2027 US 34,369.45 $30,760.66
2242059 FOMENTO ECONOMICO EXICA-UBD MX 1,714.81 $14,745.16
22822V101 CROWN CASTLE INTL CORP US CCI 216.62 $23,531.33
228368106 CROWN HOLDINGS INC US CCK 686.72 $28,546.99
229663109 CUBESMART US CUBE 247.51 $7,100.94
2306814 EL PUERTO DE LIVERPOOL -C1 MX 3,305.66 $21,224.97
2328595 BANCO DO BRASIL S.A. BR BBAS3 BZ 650.73 $7,805.56
23311RAD8 DCP MIDSTREAM OPERATING 5.35000 03/15/2020 US 22,500.52 $22,584.90
2347608 FIRST QUANTUM MINERALS LTD CA FM CN 789.49 $6,384.39
23918K108 DAVITA INC. US DVA 10,784.91 $554,991.71
23918KAR9 DAVITA INC 5.00000 05/01/2025 US 37,027.35 $33,602.32
2392471 GRUPO BIMBO SAB- SERIES A MX BIMBOA MM 3,634.05 $7,248.95
2434760 MEXICHEM SAB DE CV MX MEXCHEM* MM 5,160.92 $13,107.31
2458771 ITAUSA INVESTIMENTOS ITAU -PR BR ITSA4 BZ 2,365.54 $7,372.94
2516710 LOJAS AMERICANAS SA - PREF BR LAME4 BZ 888.11 $4,514.15
25271C102 DIAMOND OFFSHORE DRILLING US DO 14,793.57 $139,651.28
253868103 DIGITAL REALTY TRUST INC US DLR 495.42 $52,787.42
25470DAT6 DISCOVERY COMMUNICATIONS 5.20000 09/20/2047 US 355,425.49 $326,649.43
256677105 DOLLAR GENERAL CORP US DG 520.51 $56,256.25
2583952 METRO INC CA MRU CN 292.83 $10,154.17
26151AAA7 DRAX FINCO PLC 6.62500 11/01/2025 GB 106,315.94 $104,455.41
26780TAA5 DYNAGAS LNG PARTNERS/FIN 6.25000 10/30/2019 MH 43,772.91 $41,474.83
269246401 ETRADE FINANCIAL CORP US ETFC 5,539.5 $243,073.35
2715777 QUEBECOR INC -CL B CA QBR/B CN 12,579.46 $264,820.98
277276101 EASTGROUP PROPERTIES US EGP 70.16 $6,435.73
2801836 SHAW COMMUNICATIONS INC-B CA SJR/B CN 14,340.19 $259,556.16
2823885 ARCA CONTINENTAL SAB DE CV MX AC* MM 1,301.46 $7,278.24
285512109 ELECTRONIC ARTS US EA 5,953.17 $469,764.75
2866857 LUNDIN MINING CORP CA LUN CN 9,624.4 $39,760.94
29444U700 EQUINIX INC US EQIX 1,777.13 $626,545.33
2945422 WEG SA BR WEGE3 BZ 1,002.67 $4,537.67
29472R108 EQUITY LIFESTYLE PROPERTIES US ELS 202.5 $19,669.28
29476L107 EQUITY RESIDENTIAL US EQR 875.27 $57,776.90
297178105 ESSEX PROPERTY TRUST INC US ESS 146.46 $35,913.36
302154BV0 EXPORT-IMPORT BANK KOREA 2.62500 12/30/2020 KR 265,789.85 $263,013.14
30225T102 EXTRA SPACE STORAGE INC US EXR 205.58 $18,600.43
30264DAA7 FS ENERGY & POWER FUND 7.50000 08/15/2023 US 39,685.25 $37,700.99
30287EAE0 FREMF 2014-K41 B FLT 3.83211 11/25/2047 US 257,816.15 $259,924.14
30291XAE2 FREMF 2014-K715 B FLT 3.97790 02/25/2046 US 250,374.04 $254,006.39
3128M6NC8 FHLM POOL G04587 5.50000 08/01/2038 US 95,905.06 $102,399.35
3128M6NS3 FHLM POOL G04601 5.50000 07/01/2038 US 107,951.13 $115,104.88
3128P75X7 FHLM POOL C91762 4.50000 05/01/2034 US 85,595.86 $89,455.84
3128P76G3 FHLM POOL C91771 4.50000 06/01/2034 US 79,188.34 $82,964.04
3128P76R9 FHLM POOL C91780 4.50000 07/01/2034 US 92,359.95 $96,520.89
3132QQFU1 FHLM POOL Q33778 4.00000 06/01/2045 US 131,393.97 $134,316.13
3136B1YD0 FNR 2018-31 KP 3.50000 07/25/2047 US 160,856.5 $162,175.34
313747206 FEDERAL RLTY INVT TR SH BEN INT US FRT 70.57 $8,330.31
3137AME78 FHMS K017 X1 FLT 1.30250 12/25/2021 US 3,144,365.88 $99,587.41
3137F4YU0 FHR 4791 BA MTGE 4.00000 03/15/2044 US 199,816.41 $205,718.37
3137FG2L8 FHR 4801 BA MTGE 4.50000 05/15/2044 US 205,557.69 $213,979.90
3138EGHT4 FEDERAL NATL MTG ASSN AL0241 4.00000 04/01/2041 US 154,823.23 $159,197.78
3138EHR87 FEDERAL NATL MTG ASSN AL1410 4.50000 12/01/2041 US 232,851.93 $243,574.22
3138EQST0 FEDERAL NATL MTG ASSN AL7729 4.00000 06/01/2043 US 128,674.13 $132,306.59
3138ETT89 FEDERAL NATL MTG ASSN AL8674 FLT 5.65400 01/01/2049 US 268,635.69 $291,007.52
3138WDAY7 FEDERAL NATL MTG ASSN FN AS3622 3.50000 10/01/2044 US 563,862.62 $565,993.47
3138WDRZ6 FEDERAL NATL MTG ASSN AS4103 4.50000 12/01/2044 US 134,106.69 $139,998.21
3140H2PH5 FEDERAL NATL MATG ASSN FN BJ1323 3.50000 11/01/2047 US 530,922.24 $531,614.86
3140HPMQ7 FEDERAL NATIONAL MTGE FN BK9366 4.50000 08/01/2048 US 132,242.38 $137,034.19
3140Q84E2 FEDERAL NATL MTG ASSN FN CA1720 5.00000 05/01/2048 US 298,347.67 $312,916.68
3140Q9D42 FEDERAL NATL MTG ASSN FN CA1922 5.00000 06/01/2048 US 295,660.84 $310,069.11
3140Q9JA2 FEDERAL NATL MTGE ASSN FN CA2056 4.50000 07/01/2048 US 311,643.56 $322,935.55
3140Q9PD9 FEDERAL NATL MTG ASSN FN CA2219 5.00000 08/01/2048 US 239,693.91 $251,362.73
31410GCD3 FEDERAL NATL MTG ASSN 888468 5.50000 09/01/2021 US 17,723.23 $18,013.76
31410GN33 FEDERAL NATL MTG ASSN 888810 5.50000 11/01/2022 US 21,685.19 $22,046.01
31410HAQ4 MACYS RETAIL HLDGS INC 6.90000 04/01/2029 US 152,966.77 $164,678.89
31417YJC2 FEDERAL NATL MTG ASSN MA0258 4.50000 12/01/2039 US 91,169.04 $95,464.54
31418BBC9 FEDERAL NATL MTG ASSN MA1834 4.50000 02/01/2034 US 139,777.87 $146,134.24
31418C4M3 FEDERAL NATL MTG ASSN FN MA3527 5.00000 11/01/2048 US 527,386.48 $552,548.79
31418CAF1 FEDERAL NATL MTG ASSN FN MA2705 3.00000 08/01/2046 US 171,295.19 $167,061.16
31418MGR7 FEDERAL NATL MTG ASSN AD0207 6.00000 10/01/2038 US 111,854.02 $122,003.32
31418MKV3 FEDERAL NATL MTG ASSN AD0307 5.50000 01/01/2039 US 69,770.52 $74,998.12
31428X106 FEDEX CORPORATION US FDX 2,984.19 $481,440.07
32054K103 FIRST INDUSTRIAL REALTY TR US FR 483.97 $13,967.30
335934AK1 FIRST QUANTUM MINERALS L 7.25000 04/01/2023 CA 11,456.48 $10,081.71
34960PAB7 FORTRESS TRANS & INFRAST 6.50000 10/01/2025 US 33,957.01 $31,749.80
35671D857 FREEPORT-MCMORAN INC US FCX 3,364.31 $34,686.08
35802XAD5 FRESENIUS MED CARE II 5.62500 07/31/2019 US 1,484.8 $1,501.52
36143WAN1 GAHR 2015-NRF BFX FLT 3.38216 12/15/2034 US 300,342.53 $298,988.62
36246MAT6 GTP AQUISITION PARTNERS 2.35000 06/15/2020 US 65,384.3 $64,331.36
369604BQ5 GENERAL ELECTRIC CO 5.00000 01/21/2021 US 338,653.2 $259,069.70
37045VAR1 GENERAL MOTORS CO FLT 3.66713 09/10/2021 US 322,705.81 $313,759.87
371559105 GENESEE & WYOMING INC -CL A US GWR 508.54 $37,642.48
37185LAF9 GENESIS ENERGY LP/GENESI 5.62500 06/15/2024 US 28,228.77 $24,206.17
374297109 GETTY REALTY CORP US GTY 543.08 $15,972.07
37953TAB1 GLOBAL SHIP LEASE INC 9.87500 11/15/2022 MH 55,632.64 $52,851.01
38379RRX3 GNR 2017-54 AH MTGE 2.60000 12/16/2056 US 259,467.64 $247,332.29
39807UAB2 GREYSTAR REAL ESTATE PAR 5.75000 12/01/2025 US 42,343.15 $41,390.43
400506101 GRUPO AEROPORTUARIO PAC-ADR MX PAC 115.62 $9,428.73
4012250 AIRBUS SE FR AIR FP 168.41 $16,056.24
40414L109 HCP INC US HCP 1,001.89 $27,982.84
4057808 L'OREAL FR OR FP 88.81 $20,322.08
4061412 LVMH MOET HENNESSY LOUIS VUITTON FR MC FP 71.21 $20,849.64
4076836 INTESA SANPAOLO IT ISP IM 4,949.43 $11,020.54
4162791 THALES SA FR HO FP 23.74 $2,773.94
4163437 CAP GEMINI FR CAP FP 44.41 $4,416.79
421946104 HEALTHCARE REALTY TRUST INC US HR 863.82 $24,567.00
42225P501 HEALTHCARE TRUST OF AMERICA US HTA 1,356.58 $34,335.15
44107P104 HOST MARRIOTT CORP US HST 1,249.81 $20,834.34
444454AD4 HUGHES SATELLITE SYSTEMS 5.25000 08/01/2026 US 59,527.87 $54,542.41
45031UCD1 ISTAR INC 5.25000 09/15/2022 US 31,949.82 $29,869.89
45337C102 INCYTE CORP US INCY 14,417.73 $916,823.61
45378A106 INDEPENDENCE REALTY TRUST IN US IRT 1,634.98 $15,009.09
4574813 MEDIOBANCA SPA IT MB IM 1,286.93 $10,889.30
45763PAE6 INMARSAT FINANCE PLC 4.87500 05/15/2022 GB 21,263.19 $20,049.06
45866F104 INTERCONTINENTALEXCHANGE INC US ICE 6,079.14 $457,941.68
459745GH2 INTL LEASE FINANCE CORP 6.25000 05/15/2019 US 425,410.78 $429,173.99
46120E602 INTUITIVE SURGICAL INC US ISRG 173.23 $82,961.84
46187BAA1 IHSFR 2017-SFR2 A 3.30513 12/17/2036 US 85,877.72 $84,829.31
46187BAB9 IHSFR 2017-SFR2 B 3.60513 12/17/2036 US 63,789.56 $63,444.95
46187W107 INVITATION HOMES INC US INVH 1,532.25 $30,767.65
464286624 ISHARES MSCI THAILAND ETF TH 688.71 $57,032.03
464289180 ISHARES MSCI EUROPE FINANCIA XX 4,318.96 $73,206.39
46625HHL7 JPMORGAN CHASE & CO 6.30000 04/23/2019 US 618,007.75 $624,049.29
46640BAC8 JPMMT 2013-2 A2 3.50000 05/25/2043 US 64,344.49 $63,215.95
46641YAA1 JPMMT 2014-2 1A1 3.00000 06/25/2029 US 103,915.58 $103,180.90
46647PAY2 JPMORGAN CHASE & CO 4.02300 12/05/2024 US 245,809.99 $247,765.82
4682329 PERNOD-RICARD SA FR RI FP 88.81 $14,575.68
4712798 RENAULT SA FR RNO FP 68.14 $4,244.86
4741844 MERCK KGAA DE MRK GR 7,650.45 $787,481.41
476405105 JERNIGAN CAPITAL INC US JCAP 908.82 $18,012.80
478160104 JOHNSON & JOHNSON US JNJ 10,249.26 $1,322,666.73
47987LAA9 JONAH NRG LLC/FINANCE 7.25000 10/15/2025 US 64,807.17 $41,476.59
4821100 SOLVAY SA BE SOLB BB 344.61 $34,461.98
4834108 SCHNEIDER ELECTRIC SE FR SU FP 150.81 $10,229.87
4834777 VIVENDI FR VIV FP 236.55 $5,733.43
49446R109 KIMCO REALTY CORP US KIM 827.2 $12,118.53
494550AW6 KINDER MORGAN ENER PART 6.95000 01/15/2038 US 431,496.42 $481,268.93
500630CK2 KOREA DEVELOPMENT BANK 1.37500 09/12/2019 KR 478,421.73 $473,071.27
50187TAE6 LGI HOMES INC 6.87500 07/15/2026 US 41,930.7 $37,632.81
50212YAB0 LPL HOLDINGS INC 5.75000 09/15/2025 US 27,816.32 $26,077.80
502160AM6 LSB INDUSTRIES 9.62500 05/01/2023 US 39,685.25 $40,280.53
505742AD8 LADDER CAP FIN LLLP/CORP 5.87500 08/01/2021 US 25,158.42 $25,095.53
5107401 BEIERSDORF AG DE BEI GR 881.39 $91,931.15
5176177 ORANGE FR ORA FP 440.98 $7,146.48
5253973 HERMES INTERNATIONAL FR RMS FP 8.8 $4,888.15
5263574 FLSMIDTH & CO A/S DK FLS DC 68.14 $3,073.59
529043101 LEXINGTON REALTY TRUST US LXP 1,637.63 $13,444.98
531172104 LIBERTY PROPERTY TRUST US LPT 742.93 $31,113.90
5330047 DASSAULT SYSTEMES SA FR DSY FP 38.26 $4,545.08
53815P108 LIVERAMP HOLDINGS INC US RAMP 18,048.32 $697,206.50
5458314 AKZO NOBEL NL AKZA NA 1,364.63 $109,899.30
5474008 BANKINTER S.A. ES BKT SM 2,766.7 $22,200.32
550021109 LULULEMON - ADR CA LULU 7,572.1 $920,843.36
5505072 KERING FR KER FP 20.67 $9,682.09
55616XAC1 MACYS RETAIL HLDGS INC 7.00000 02/15/2028 US 152,966.77 $165,367.91
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G27358103 DESPEGAR.COM CORP AR DESP 528.37 $6,557.12
G3157S106 ENSCO INTERNATIONAL INC US ESV 54,349.08 $193,482.71
G37585AC3 GASLOG LTD 8.87500 03/22/2022 BM 52,974.74 $53,504.49
G5960L103 MEDTRONIC INC IE MDT 14,356.41 $1,305,859.42
G84720104 STERIS PLC GB STE 142.01 $15,174.27
G97822103 PERRIGO CO PLC IE PRGO 2,471.76 $95,780.78
H8817H100 TRANSOCEAN LTD US RIG 28,891.88 $200,509.63
M22465104 CHECK POINT SOFTWARE TECH IL CHKP 198.29 $20,354.37
N22717107 CORE LABORATORIES N.V. NL CLB 245.35 $14,637.72
N47279109 INTERXION HOLDING NV NL INXN 12,536 $678,949.82
N59465109 MYLAN NV US MYL 1,024.93 $28,082.97
N72482123 QIAGEN N.V. ADR NL QGEN 1,986 $68,417.86
USD US DOLLAR US 15,791,757.43 $15,791,757.43

Based on the investments of the underlying fund(s): Manning & Napier Fund, Inc. Pro-Blend® Maximum Term Series and Manning & Napier Fund, Inc. Pro-Blend® Extended Term Series through 10/15/2017, and Manning & Napier Fund, Inc. Blended Asset Maximum Series and Manning & Napier Fund, Inc. Blended Asset Extended 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 2030 Series Class R6 Distribution History
  • 2018 Distribution Calendar
  • Fourth Quarter 2018 Distributions
  • Third Quarter 2018 Distributions
  • Second Quarter 2018 Distributions
  • First Quarter 2018 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

$9.29

Daily $ Change

-$0.01

Daily % Change

-0.11%

as of 01/16/2019

Ticker

MTPZX

CUSIP

56382R647

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

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 moderately growth-oriented mix of securities that seeks potential for growth with some stability. The portfolio is diversified among various stock investments and fixed income securities, which will typically be intermediate to long-term maturities. Stock exposure can range from 35% - 73%.

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 2030
  • Who have some time to pursue growth 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 12/31/2018

YTD

---

1 Year

-4.17%

3 Year

5.07%

5 Year

3.06%

10 Year

8.77%

Inception
(03/28/2008)

5.27%

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. 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 0.69%
Net 0.61%*

*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 12/31/2018

TREASURY NOTES 23.29%
TREASURY BONDS 7.42%
GOVERNMENT AGENCY 5.04%
UNITED STATES TREAS INFL INDEX 0.12500 04/15/2020 3.29%
QORVO INC 1.50%
NOVARTIS AG- REG 1.49%
MASTERCARD INC-CLASS A 1.35%
MICROSOFT CORP 1.28%
JOHNSON & JOHNSON 1.28%
MEDTRONIC INC 1.26%

Top Ten Investments list is unaudited and excludes cash

Asset Allocation

As of 12/31/2018

Bonds
49.56%
Stocks
37.21%
Cash
13.23%

Detailed Asset Class Allocation

As of 12/31/2018

International Equities
13.08%
Small Capitalization
1.20%
Mid Capitalization
3.62%
Large Capitalization
19.31%
Long Term Fixed Income
12.37%
Intermediate Term Fixed Income
29.46%
Short Term Fixed Income
7.73%
Cash
13.23%

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

December Fund Holdings

As of 12/31/2018

CUSIP Security Description Country Ticker Shares/Par Market Value (USD)
00101JAH9 ADT SEC CORP 4.12500 06/15/2023 US 33,544.56 $30,693.27
00101JAM8 ADT CORP 5.25000 03/15/2020 US 22,500.52 $22,556.77
00206RDQ2 AT&T INC 4.25000 03/01/2027 US 333,337.41 $326,123.88
00254EML3 SWEDISH EXPORT CREDIT 1.12500 08/28/2019 SE 330,110.99 $326,781.26
00289XAA7 ABENGOA YIELD PLC 7.00000 11/15/2019 GB 108,442.26 $109,797.79
004239109 ACADIA REALTY TRUST US AKR 320.74 $7,620.68
0045614 ANTOFAGASTA PLC GB ANTO LN 5,372.87 $53,736.87
00774MAG0 AERCAP IRELAND CAP / GLOBA 4.45000 10/01/2025 IE 338,653.2 $321,498.10
00790X101 ADVANCED DISPOSAL SERVICES US ADSW 3,157.68 $75,594.84
008492100 AGREE REALTY CORP US ADC 188.8 $11,162.02
00928QAK7 AIRCASTLE LTD 6.25000 12/01/2019 BM 28,228.77 $28,901.12
013817AW1 ALCOA INC 5.12500 10/01/2024 US 19,842.62 $19,049.12
015271109 ALEXANDRIA REAL EST EQUITIES US ARE 73.23 $8,439.00
01609W102 ALIBABA GROUP - ADR CN BABA 198.29 $27,179.47
01748XAA0 ALLEGIANT TRAVEL CO 5.50000 07/15/2019 US 28,063.79 $28,063.79
02005NAT7 ALLY FINANCIAL INC 3.50000 01/27/2019 US 27,816.32 $27,798.94
02079K107 ALPHABET INC-CL C US GOOG 639.73 $662,511.64
02079K305 ALPHABET INC-CL A US GOOGL 442.22 $462,103.72
02209S103 ALTRIA GROUP INC US MO 1,139.17 $56,263.77
023135106 AMAZON.COM INC US AMZN 310.93 $467,008.01
02319V103 AMBEV SA-ADR BR ABEV 122,469.07 $480,078.76
0237400 DIAGEO PLC GB DGE LN 24,230.51 $865,862.75
02376RAA0 AMERICAN AIRLINES GROUP 5.50000 10/01/2019 US 28,228.77 $28,299.34
024835100 AMERICAN CAMPUS COMMUNITIES US ACC 239.12 $9,897.16
0263494 BAE SYSTEMS PLC GB BA/ LN 4,334.22 $25,350.24
02665T306 AMERICAN HOMES 4 RENT- A US AMH 1,747.48 $34,687.47
02666TAA5 AMERICAN HOMES 4 RENT 4.25000 02/15/2028 US 343,969 $332,398.60
02753GAA7 AMERICAN MIDSTREAM PTR/F 9.50000 12/15/2021 US 36,614.91 $34,418.01
03027X100 AMERICAN TOWER REIT INC US AMT 3,195.41 $505,482.25
03064D108 AMERICOLD REALTY TRUST US COLD 334.85 $8,552.07
03748R101 APARTMENT INVT & MGMT CO -A US AIV 577.04 $25,320.51
03784Y200 APPLE HOSPITALITY REIT INC US APLE 528.97 $7,543.09
0405207 HALMA PLC GB HLMA LN 842.88 $14,683.29
0490656 KERRY GROUP PLC-A IE KYGA LN 284.03 $27,905.36
053332102 AUTOZONE INC US AZO 153.43 $128,626.14
053484101 AVALONBAY COMMUNITIES INC US AVB 402.35 $70,029.28
058498106 BALL CORP US BLL 23,580.1 $1,084,212.93
06051GFM6 BANK OF AMERICA CORP 4.00000 01/22/2025 US 502,251.56 $489,266.46
084670702 BERKSHIRE HATHAWAY INC-CL B US BRK/B 3,649.82 $745,219.98
09061G101 BIOMARIN PHARMACEUTICAL INC US BMRN 5,793.75 $493,337.74
0922320 SMITH & NEPHEW PLC GB SN/ LN 1,088.64 $20,377.92
09247X101 BLACKROCK INC US BLK 805.17 $316,286.38
0946580 WEIR GROUP PLC/THE GB WEIR LN 2,398.53 $39,717.90
096630AE8 BOARDWALK PIPELINES LP 5.95000 06/01/2026 US 475,672.58 $491,427.81
09857L108 BOOKING HOLDINGS INC US BKNG 757.64 $1,304,976.38
101121101 BOSTON PROPERTIES INC US BXP 442.04 $49,751.24
105368203 BRANDYWINE REALTY TRUST US BDN 2,192.17 $28,213.28
110122108 BRISTOL MYERS SQUIBB CO US BMY 8,426.43 $438,005.80
110448107 BRITISH AMERICAN TOB-SP ADR GB BTI 395.16 $12,589.72
1248EPBR3 CCO HLDGS LLC/CAP CORP 5.50000 05/01/2026 US 35,790.02 $34,403.15
12503M108 CBOE GLOBAL MARKETS INC US CBOE 4,775.44 $467,180.99
125269100 CF INDUSTRIES HOLDINGS INC US CF 1,309.51 $56,976.91
12572Q105 CME GROUP INC US CME 2,422.5 $455,720.76
12592BAB0 CNH INDUSTRIAL CAPITAL L 3.37500 07/15/2019 US 420,864.83 $417,708.34
12646XAH5 CSMC 2013-IVR3 A1 2.50000 05/25/2043 US 116,532.06 $109,891.81
12648TAA7 CSMC 2014-IVR3 A1 3.50000 07/25/2044 US 201,379.36 $199,046.88
133131102 CAMDEN PROPERTY TRUST US CPT 92.66 $8,158.71
13321L108 CAMECO CORP CA CCJ 1,145.97 $13,006.76
134429109 CAMPBELL SOUP CO US CPB 1,933.95 $63,801.17
14980AAA0 CAZENOVIA CREEK FUNDING LLC 3.56070 07/15/2030 US 236,758.05 $236,911.28
156504AH5 CENTURY COMMUNITIES 5.87500 07/15/2025 US 67,217.6 $59,151.49
165183AA2 CFII 2016-1A A1 2.11000 03/15/2028 US .07 $0.07
165183AL8 CFII 2017-2A A1 1.99000 05/15/2029 US .16 $0.16
165183BB9 CFII 2017-4A A1 2.12000 11/15/2029 US 228,941.98 $226,460.94
165240102 CHESAPEAKE LODGING TRUST US CHSP 458.81 $11,172.00
172967EW7 CITIGROUP INC 8.12500 07/15/2039 US 175,054.84 $242,862.43
191216100 COCA COLA CO/THE US KO 19,635.38 $929,735.02
192422103 COGNEX CORP US CGNX 993.58 $38,421.74
194162103 COLGATE-PALMOLIVE CO US CL 915.22 $54,473.63
2011646 ALIMENTATION COUCHE-TARD -B CA ATD/B CN 298.56 $14,851.27
20369C106 COMMUNITY HEALTHCARE TRUST I US CHCT 920.28 $26,531.56
2162760 CAE INC CA CAE CN 550.05 $10,108.95
21871N101 CORECIVIC INC US CXW 1,833.13 $32,684.67
222795106 COUSINS PROPERTIES INC US CUZ 4,533.88 $35,817.64
22282EAH5 COVANTA HOLDING CORP 6.00000 01/01/2027 US 34,369.45 $30,760.66
2242059 FOMENTO ECONOMICO EXICA-UBD MX 1,714.81 $14,745.16
22822V101 CROWN CASTLE INTL CORP US CCI 216.62 $23,531.33
228368106 CROWN HOLDINGS INC US CCK 686.72 $28,546.99
229663109 CUBESMART US CUBE 247.51 $7,100.94
2306814 EL PUERTO DE LIVERPOOL -C1 MX 3,305.66 $21,224.97
2328595 BANCO DO BRASIL S.A. BR BBAS3 BZ 650.73 $7,805.56
23311RAD8 DCP MIDSTREAM OPERATING 5.35000 03/15/2020 US 22,500.52 $22,584.90
2347608 FIRST QUANTUM MINERALS LTD CA FM CN 789.49 $6,384.39
23918K108 DAVITA INC. US DVA 10,784.91 $554,991.71
23918KAR9 DAVITA INC 5.00000 05/01/2025 US 37,027.35 $33,602.32
2392471 GRUPO BIMBO SAB- SERIES A MX BIMBOA MM 3,634.05 $7,248.95
2434760 MEXICHEM SAB DE CV MX MEXCHEM* MM 5,160.92 $13,107.31
2458771 ITAUSA INVESTIMENTOS ITAU -PR BR ITSA4 BZ 2,365.54 $7,372.94
2516710 LOJAS AMERICANAS SA - PREF BR LAME4 BZ 888.11 $4,514.15
25271C102 DIAMOND OFFSHORE DRILLING US DO 14,793.57 $139,651.28
253868103 DIGITAL REALTY TRUST INC US DLR 495.42 $52,787.42
25470DAT6 DISCOVERY COMMUNICATIONS 5.20000 09/20/2047 US 355,425.49 $326,649.43
256677105 DOLLAR GENERAL CORP US DG 520.51 $56,256.25
2583952 METRO INC CA MRU CN 292.83 $10,154.17
26151AAA7 DRAX FINCO PLC 6.62500 11/01/2025 GB 106,315.94 $104,455.41
26780TAA5 DYNAGAS LNG PARTNERS/FIN 6.25000 10/30/2019 MH 43,772.91 $41,474.83
269246401 ETRADE FINANCIAL CORP US ETFC 5,539.5 $243,073.35
2715777 QUEBECOR INC -CL B CA QBR/B CN 12,579.46 $264,820.98
277276101 EASTGROUP PROPERTIES US EGP 70.16 $6,435.73
2801836 SHAW COMMUNICATIONS INC-B CA SJR/B CN 14,340.19 $259,556.16
2823885 ARCA CONTINENTAL SAB DE CV MX AC* MM 1,301.46 $7,278.24
285512109 ELECTRONIC ARTS US EA 5,953.17 $469,764.75
2866857 LUNDIN MINING CORP CA LUN CN 9,624.4 $39,760.94
29444U700 EQUINIX INC US EQIX 1,777.13 $626,545.33
2945422 WEG SA BR WEGE3 BZ 1,002.67 $4,537.67
29472R108 EQUITY LIFESTYLE PROPERTIES US ELS 202.5 $19,669.28
29476L107 EQUITY RESIDENTIAL US EQR 875.27 $57,776.90
297178105 ESSEX PROPERTY TRUST INC US ESS 146.46 $35,913.36
302154BV0 EXPORT-IMPORT BANK KOREA 2.62500 12/30/2020 KR 265,789.85 $263,013.14
30225T102 EXTRA SPACE STORAGE INC US EXR 205.58 $18,600.43
30264DAA7 FS ENERGY & POWER FUND 7.50000 08/15/2023 US 39,685.25 $37,700.99
30287EAE0 FREMF 2014-K41 B FLT 3.83211 11/25/2047 US 257,816.15 $259,924.14
30291XAE2 FREMF 2014-K715 B FLT 3.97790 02/25/2046 US 250,374.04 $254,006.39
3128M6NC8 FHLM POOL G04587 5.50000 08/01/2038 US 95,905.06 $102,399.35
3128M6NS3 FHLM POOL G04601 5.50000 07/01/2038 US 107,951.13 $115,104.88
3128P75X7 FHLM POOL C91762 4.50000 05/01/2034 US 85,595.86 $89,455.84
3128P76G3 FHLM POOL C91771 4.50000 06/01/2034 US 79,188.34 $82,964.04
3128P76R9 FHLM POOL C91780 4.50000 07/01/2034 US 92,359.95 $96,520.89
3132QQFU1 FHLM POOL Q33778 4.00000 06/01/2045 US 131,393.97 $134,316.13
3136B1YD0 FNR 2018-31 KP 3.50000 07/25/2047 US 160,856.5 $162,175.34
313747206 FEDERAL RLTY INVT TR SH BEN INT US FRT 70.57 $8,330.31
3137AME78 FHMS K017 X1 FLT 1.30250 12/25/2021 US 3,144,365.88 $99,587.41
3137F4YU0 FHR 4791 BA MTGE 4.00000 03/15/2044 US 199,816.41 $205,718.37
3137FG2L8 FHR 4801 BA MTGE 4.50000 05/15/2044 US 205,557.69 $213,979.90
3138EGHT4 FEDERAL NATL MTG ASSN AL0241 4.00000 04/01/2041 US 154,823.23 $159,197.78
3138EHR87 FEDERAL NATL MTG ASSN AL1410 4.50000 12/01/2041 US 232,851.93 $243,574.22
3138EQST0 FEDERAL NATL MTG ASSN AL7729 4.00000 06/01/2043 US 128,674.13 $132,306.59
3138ETT89 FEDERAL NATL MTG ASSN AL8674 FLT 5.65400 01/01/2049 US 268,635.69 $291,007.52
3138WDAY7 FEDERAL NATL MTG ASSN FN AS3622 3.50000 10/01/2044 US 563,862.62 $565,993.47
3138WDRZ6 FEDERAL NATL MTG ASSN AS4103 4.50000 12/01/2044 US 134,106.69 $139,998.21
3140H2PH5 FEDERAL NATL MATG ASSN FN BJ1323 3.50000 11/01/2047 US 530,922.24 $531,614.86
3140HPMQ7 FEDERAL NATIONAL MTGE FN BK9366 4.50000 08/01/2048 US 132,242.38 $137,034.19
3140Q84E2 FEDERAL NATL MTG ASSN FN CA1720 5.00000 05/01/2048 US 298,347.67 $312,916.68
3140Q9D42 FEDERAL NATL MTG ASSN FN CA1922 5.00000 06/01/2048 US 295,660.84 $310,069.11
3140Q9JA2 FEDERAL NATL MTGE ASSN FN CA2056 4.50000 07/01/2048 US 311,643.56 $322,935.55
3140Q9PD9 FEDERAL NATL MTG ASSN FN CA2219 5.00000 08/01/2048 US 239,693.91 $251,362.73
31410GCD3 FEDERAL NATL MTG ASSN 888468 5.50000 09/01/2021 US 17,723.23 $18,013.76
31410GN33 FEDERAL NATL MTG ASSN 888810 5.50000 11/01/2022 US 21,685.19 $22,046.01
31410HAQ4 MACYS RETAIL HLDGS INC 6.90000 04/01/2029 US 152,966.77 $164,678.89
31417YJC2 FEDERAL NATL MTG ASSN MA0258 4.50000 12/01/2039 US 91,169.04 $95,464.54
31418BBC9 FEDERAL NATL MTG ASSN MA1834 4.50000 02/01/2034 US 139,777.87 $146,134.24
31418C4M3 FEDERAL NATL MTG ASSN FN MA3527 5.00000 11/01/2048 US 527,386.48 $552,548.79
31418CAF1 FEDERAL NATL MTG ASSN FN MA2705 3.00000 08/01/2046 US 171,295.19 $167,061.16
31418MGR7 FEDERAL NATL MTG ASSN AD0207 6.00000 10/01/2038 US 111,854.02 $122,003.32
31418MKV3 FEDERAL NATL MTG ASSN AD0307 5.50000 01/01/2039 US 69,770.52 $74,998.12
31428X106 FEDEX CORPORATION US FDX 2,984.19 $481,440.07
32054K103 FIRST INDUSTRIAL REALTY TR US FR 483.97 $13,967.30
335934AK1 FIRST QUANTUM MINERALS L 7.25000 04/01/2023 CA 11,456.48 $10,081.71
34960PAB7 FORTRESS TRANS & INFRAST 6.50000 10/01/2025 US 33,957.01 $31,749.80
35671D857 FREEPORT-MCMORAN INC US FCX 3,364.31 $34,686.08
35802XAD5 FRESENIUS MED CARE II 5.62500 07/31/2019 US 1,484.8 $1,501.52
36143WAN1 GAHR 2015-NRF BFX FLT 3.38216 12/15/2034 US 300,342.53 $298,988.62
36246MAT6 GTP AQUISITION PARTNERS 2.35000 06/15/2020 US 65,384.3 $64,331.36
369604BQ5 GENERAL ELECTRIC CO 5.00000 01/21/2021 US 338,653.2 $259,069.70
37045VAR1 GENERAL MOTORS CO FLT 3.66713 09/10/2021 US 322,705.81 $313,759.87
371559105 GENESEE & WYOMING INC -CL A US GWR 508.54 $37,642.48
37185LAF9 GENESIS ENERGY LP/GENESI 5.62500 06/15/2024 US 28,228.77 $24,206.17
374297109 GETTY REALTY CORP US GTY 543.08 $15,972.07
37953TAB1 GLOBAL SHIP LEASE INC 9.87500 11/15/2022 MH 55,632.64 $52,851.01
38379RRX3 GNR 2017-54 AH MTGE 2.60000 12/16/2056 US 259,467.64 $247,332.29
39807UAB2 GREYSTAR REAL ESTATE PAR 5.75000 12/01/2025 US 42,343.15 $41,390.43
400506101 GRUPO AEROPORTUARIO PAC-ADR MX PAC 115.62 $9,428.73
4012250 AIRBUS SE FR AIR FP 168.41 $16,056.24
40414L109 HCP INC US HCP 1,001.89 $27,982.84
4057808 L'OREAL FR OR FP 88.81 $20,322.08
4061412 LVMH MOET HENNESSY LOUIS VUITTON FR MC FP 71.21 $20,849.64
4076836 INTESA SANPAOLO IT ISP IM 4,949.43 $11,020.54
4162791 THALES SA FR HO FP 23.74 $2,773.94
4163437 CAP GEMINI FR CAP FP 44.41 $4,416.79
421946104 HEALTHCARE REALTY TRUST INC US HR 863.82 $24,567.00
42225P501 HEALTHCARE TRUST OF AMERICA US HTA 1,356.58 $34,335.15
44107P104 HOST MARRIOTT CORP US HST 1,249.81 $20,834.34
444454AD4 HUGHES SATELLITE SYSTEMS 5.25000 08/01/2026 US 59,527.87 $54,542.41
45031UCD1 ISTAR INC 5.25000 09/15/2022 US 31,949.82 $29,869.89
45337C102 INCYTE CORP US INCY 14,417.73 $916,823.61
45378A106 INDEPENDENCE REALTY TRUST IN US IRT 1,634.98 $15,009.09
4574813 MEDIOBANCA SPA IT MB IM 1,286.93 $10,889.30
45763PAE6 INMARSAT FINANCE PLC 4.87500 05/15/2022 GB 21,263.19 $20,049.06
45866F104 INTERCONTINENTALEXCHANGE INC US ICE 6,079.14 $457,941.68
459745GH2 INTL LEASE FINANCE CORP 6.25000 05/15/2019 US 425,410.78 $429,173.99
46120E602 INTUITIVE SURGICAL INC US ISRG 173.23 $82,961.84
46187BAA1 IHSFR 2017-SFR2 A 3.30513 12/17/2036 US 85,877.72 $84,829.31
46187BAB9 IHSFR 2017-SFR2 B 3.60513 12/17/2036 US 63,789.56 $63,444.95
46187W107 INVITATION HOMES INC US INVH 1,532.25 $30,767.65
464286624 ISHARES MSCI THAILAND ETF TH 688.71 $57,032.03
464289180 ISHARES MSCI EUROPE FINANCIA XX 4,318.96 $73,206.39
46625HHL7 JPMORGAN CHASE & CO 6.30000 04/23/2019 US 618,007.75 $624,049.29
46640BAC8 JPMMT 2013-2 A2 3.50000 05/25/2043 US 64,344.49 $63,215.95
46641YAA1 JPMMT 2014-2 1A1 3.00000 06/25/2029 US 103,915.58 $103,180.90
46647PAY2 JPMORGAN CHASE & CO 4.02300 12/05/2024 US 245,809.99 $247,765.82
4682329 PERNOD-RICARD SA FR RI FP 88.81 $14,575.68
4712798 RENAULT SA FR RNO FP 68.14 $4,244.86
4741844 MERCK KGAA DE MRK GR 7,650.45 $787,481.41
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BFYM460 UNIBAIL-RODAMCO-WESTFIELD FR URW NA 225.88 $34,953.13
BG36ZK1 B3 SA-BRASIL BOLSA BALCAO BR B3SA3 BZ 1,064.08 $7,360.63
BG7ZWY7 AMBEV SA BR ABEV3 BZ 3,666.99 $14,551.60
BGHQ198 HIBERNIA REIT PLC IE HBRN ID 9,501 $13,628.99
BGPFVB9 REPSOL SA- RTS ES 3,973.39 $1,821.01
BH4TZ73 FU SHOU YUAN INTERNATIONAL CN 1448 HK 30,162.66 $22,753.89
BHC8X90 NOVO NORDISK A/S-B DK NOVOB DC 218.96 $10,056.03
BMMV2K8 TENCENT HOLDINGS LTD CN 700 HK 22,221.51 $890,645.94
BNGN9Z1 FINECOBANK SPA IT FBK IM 7,984.64 $80,336.94
BP9DL90 INDUSTRIA DE DISENO TEXTIL ES ITX SM 21,080.59 $538,076.08
BQRRZ00 RECRUIT HOLDINGS CO LTD JP 6098 JP 413.35 $9,986.02
BSQXJ01 THULE GROUP AB/THE SE THULE SS 1,224.93 $22,419.01
BW1YVH8 WALMART DE MEXICO SAB DE CV MX WALMEX* MM 8,555.66 $21,759.49
BYMXPS7 UNICREDIT SPA IT UCG IM 963.33 $10,911.52
BYQ32R1 NEMAK SAB DE CV MX 19,169.92 $14,320.07
BYWPGC4 CHINA YUHUA EDUCATION CORP L CN 6169 HK 36,752.44 $14,896.46
BYXS699 QIAGEN N.V. NL QIA GR 504.64 $17,243.80
BYYHL23 ANHEUSER-BUSCH INBEV SA/NV BE ABI BB 15,759.59 $1,038,227.12
BYZFZ91 SOPHOS GROUP PLC GB SOPH LN 2,659.88 $12,825.22
BZ3C3Q4 BANKIA SA ES BKIA SM 19,924.19 $58,294.65
BZ4CMZ5 DAVIDE CAMPARI-MILANO SPA IT CPR IM 1,168.65 $9,896.63
G02602103 AMDOCS LTD GG DOX 2,010.51 $117,775.75
G0750C108 AXALTA COATING SYSTEMS LTD US AXTA 1,825.07 $42,743.12
G0772R208 BANK OF N.T. BUTTERFIELD&SON BM NTB 413.99 $12,978.65
G25839104 COCA-COLA EUROPEAN PARTNERS GB CCEP 310.84 $14,251.90
G27358103 DESPEGAR.COM CORP AR DESP 528.37 $6,557.12
G3157S106 ENSCO INTERNATIONAL INC US ESV 54,349.08 $193,482.71
G37585AC3 GASLOG LTD 8.87500 03/22/2022 BM 52,974.74 $53,504.49
G5960L103 MEDTRONIC INC IE MDT 14,356.41 $1,305,859.42
G84720104 STERIS PLC GB STE 142.01 $15,174.27
G97822103 PERRIGO CO PLC IE PRGO 2,471.76 $95,780.78
H8817H100 TRANSOCEAN LTD US RIG 28,891.88 $200,509.63
M22465104 CHECK POINT SOFTWARE TECH IL CHKP 198.29 $20,354.37
N22717107 CORE LABORATORIES N.V. NL CLB 245.35 $14,637.72
N47279109 INTERXION HOLDING NV NL INXN 12,536 $678,949.82
N59465109 MYLAN NV US MYL 1,024.93 $28,082.97
N72482123 QIAGEN N.V. ADR NL QGEN 1,986 $68,417.86
USD US DOLLAR US 15,791,757.43 $15,791,757.43

Based on the investments of the underlying fund(s): Manning & Napier Fund, Inc. Pro-Blend® Maximum Term Series and Manning & Napier Fund, Inc. Pro-Blend® Extended Term Series through 10/15/2017, and Manning & Napier Fund, Inc. Blended Asset Maximum Series and Manning & Napier Fund, Inc. Blended Asset Extended 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 2030 Series Class R6 Distribution History
  • 2018 Distribution Calendar
  • Fourth Quarter 2018 Distributions
  • Third Quarter 2018 Distributions
  • Second Quarter 2018 Distributions
  • First Quarter 2018 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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