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 aggressive, growth-oriented mix of securities that seeks to earn the long-term growth typically associated with the stock market without full market risk. The portfolio is diversified primarily among various stock investments in both domestic and foreign markets, with a portion of the portfolio invested in fixed income securities. Stock exposure can range from 58% - 87%.

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 2040
  • Who have time to pursue growth and can accept significant 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

$9.52

Daily $ Change

$0.07

Daily % Change

0.74%

as of 02/15/2019

Ticker

MTTKX

CUSIP

56382P856

Inception Date

03/28/2008

Investment Minimum

$2,000.00

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

Important Documents

Summary Prospectus
Prospectus
Statement of Additional Information
Annual Report
Semi-Annual Report
Fact Sheet
Applications & Forms

Information on Underlying Investments

Blended Asset Series Prospectus
Blended Asset Series SAI
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 01/31/2019

YTD

6.26%

1 Year

-3.77%

3 Year

9.36%

5 Year

5.16%

10 Year

10.94%

Inception
(03/28/2008)

5.97%

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 1.16%
Net 1.01%*

*Includes acquired fund fees and expenses of the underlying Series, and a 12b-1 fee of 0.25%. Up to 0.25% of the 12b-1 fee is available as a shareholder servicing fee. Reflects the Advisor’s contractual agreement to limit its fees and reimburse certain expenses. The contractual waiver may not be amended or terminated prior to the expiration date (02/29/2028) without the approval of the Fund's Board of Directors.

Top Ten Investments

As of 01/31/2019

TREASURY NOTES 7.74%
TREASURY BONDS 3.81%
GOVERNMENT AGENCY 2.96%
MASTERCARD INC-CLASS A 1.84%
UNITED STATES TREAS INFL INDEX 0.12500 04/15/2020 1.80%
JOHNSON & JOHNSON 1.79%
NOVARTIS AG- REG 1.73%
MEDTRONIC INC 1.73%
BOOKING HOLDINGS INC 1.70%
MONDELEZ INTERNATIONAL INC 1.65%

Top Ten Investments list is unaudited and excludes cash

Asset Allocation

As of 01/31/2019

Stocks 68.48%
Bonds 29.54%
Cash 1.98%

Detailed Asset Class Allocation

As of 01/31/2019

International Equities 22.01%
Small Capitalization 2.08%
Mid Capitalization 5.40%
Large Capitalization 39.00%
Long Term Fixed Income 8.04%
Intermediate Term Fixed Income 15.89%
Short Term Fixed Income 5.60%
Cash 1.98%

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

January Fund Holdings

As of 01/31/2019

CUSIP Security Description Country Ticker Shares/Par Market Value (USD)
00101JAH9 ADT SEC CORP 4.12500 06/15/2023 US 13,142 $12,649.17
00101JAM8 ADT CORP 5.25000 03/15/2020 US 9,171.63 $9,309.21
00206RDQ2 AT&T INC 4.25000 03/01/2027 US 110,633.39 $111,970.62
00254EML3 SWEDISH EXPORT CREDIT 1.12500 08/28/2019 SE 85,060.16 $84,337.14
00289XAA7 ABENGOA YIELD PLC 7.00000 11/15/2019 GB 89,487.78 $89,711.50
004239109 ACADIA REALTY TRUST US AKR 131 $3,763.73
0045614 ANTOFAGASTA PLC GB ANTO LN 5,822.27 $66,559.64
00774MAG0 AERCAP IRELAND CAP / GLOBA 4.45000 10/01/2025 IE 112,003.12 $109,593.99
00790X101 ADVANCED DISPOSAL SERVICES US ADSW 8,649.58 $217,969.38
0081180 BARRATT DEVELOPMENTS PLC GB BDEV LN 1,152.2 $8,149.65
008492100 AGREE REALTY CORP US ADC 77.89 $5,143.04
00928QAK7 AIRCASTLE LTD 6.25000 12/01/2019 BM 11,772.27 $12,025.42
0136701 BRITISH LAND CO PLC GB BLND LN 539.77 $4,066.10
015271109 ALEXANDRIA REAL EST EQUITIES US ARE 30.12 $3,966.52
01609W102 ALIBABA GROUP - ADR CN BABA 103.74 $17,478.90
01748XAA0 ALLEGIANT TRAVEL CO 5.50000 07/15/2019 US 11,279.91 $11,378.61
02079K107 ALPHABET INC-CL C US GOOG 330.23 $368,653.46
02079K305 ALPHABET INC-CL A US GOOGL 282.42 $317,977.77
02209S103 ALTRIA GROUP INC US MO 3,178.2 $156,844.17
023135106 AMAZON.COM INC US AMZN 220.96 $379,773.16
02319V103 AMBEV SA-ADR BR ABEV 72,169.05 $347,133.15
0237400 DIAGEO PLC GB DGE LN 10,680.04 $407,618.01
02376RAA0 AMERICAN AIRLINES GROUP 5.50000 10/01/2019 US 28,893.88 $29,099.02
024835100 AMERICAN CAMPUS COMMUNITIES US ACC 124.57 $5,732.77
0263494 BAE SYSTEMS PLC GB BA/ LN 2,133.17 $14,350.59
02665T306 AMERICAN HOMES 4 RENT- A US AMH 709.64 $15,690.14
02666TAA5 AMERICAN HOMES 4 RENT 4.25000 02/15/2028 US 54,770.65 $52,756.34
02753GAA7 AMERICAN MIDSTREAM PTR/F 9.50000 12/15/2021 US 15,057.77 $14,003.72
03027X100 AMERICAN TOWER REIT INC US AMT 2,992.46 $517,217.14
03064D108 AMERICOLD REALTY TRUST US COLD 120.6 $3,536.02
03748R101 APARTMENT INVT & MGMT CO -A US AIV 228.74 $11,327.44
03784Y200 APPLE HOSPITALITY REIT INC US APLE 216.15 $3,547.00
0405207 HALMA PLC GB HLMA LN 449.98 $8,276.05
0490656 KERRY GROUP PLC-A IE KYGA LN 151.91 $15,622.78
053332102 AUTOZONE INC US AZO 457.9 $387,994.56
053484101 AVALONBAY COMMUNITIES INC US AVB 158.52 $30,581.37
058498106 BALL CORP US BLL 9,426.18 $492,800.79
06051GFM6 BANK OF AMERICA CORP 4.00000 01/22/2025 US 165,404.05 $166,704.01
0682538 PERSIMMON PLC GB PSN LN 258.93 $8,077.59
084670702 BERKSHIRE HATHAWAY INC-CL B US BRK/B 2,612.59 $536,992.38
0870612 LLOYDS BANKING GROUP PLC GB LLOY LN 10,939.69 $8,340.01
0878230 TAYLOR WIMPEY PLC GB TW/ LN 3,727.72 $8,082.60
09061G101 BIOMARIN PHARMACEUTICAL INC US BMRN 4,039.68 $396,574.98
0922320 SMITH & NEPHEW PLC GB SN/ LN 581.91 $10,962.46
09247X101 BLACKROCK INC US BLK 911.19 $378,218.58
0946580 WEIR GROUP PLC/THE GB WEIR LN 1,260.6 $24,946.65
096630AE8 BOARDWALK PIPELINES LP 5.95000 06/01/2026 US 158,555.4 $162,838.84
09857L108 BOOKING HOLDINGS INC US BKNG 420 $769,776.51
101121101 BOSTON PROPERTIES INC US BXP 181.52 $23,936.63
105368203 BRANDYWINE REALTY TRUST US BDN 987.53 $14,862.31
110448107 BRITISH AMERICAN TOB-SP ADR GB BTI 215.41 $7,599.61
11134LAB5 BROADCOM CRP / CAYMN FI 2.37500 01/15/2020 US 99,990.2 $99,216.04
11680JAA0 BRUIN E&P PARTNERS LLC 8.87500 08/01/2023 US 9,171.63 $8,730.29
12503M108 CBOE GLOBAL MARKETS INC US CBOE 2,633.61 $245,636.88
125269100 CF INDUSTRIES HOLDINGS INC US CF 3,460.08 $151,032.39
12572Q105 CME GROUP INC US CME 1,392.15 $253,761.90
12592BAB0 CNH INDUSTRIAL CAPITAL L 3.37500 07/15/2019 US 139,934.49 $140,184.81
12596JAA1 CNH 2019-A A1 2.75334 02/28/2020 US 68,486.44 $68,494.57
12646XAH5 CSMC 2013-IVR3 A1 2.50000 05/25/2043 US 29,838.54 $28,207.77
12648TAA7 CSMC 2014-IVR3 A1 3.50000 07/25/2044 US 51,268.59 $50,937.11
133131102 CAMDEN PROPERTY TRUST US CPT 37.37 $3,623.16
13321L108 CAMECO CORP CA CCJ 585.62 $7,097.77
134429109 CAMPBELL SOUP CO US CPB 5,771.72 $204,492.02
14980AAA0 CAZENOVIA CREEK FUNDING LLC 3.56070 07/15/2030 US 58,922.86 $58,651.08
156504AH5 CENTURY COMMUNITIES 5.87500 07/15/2025 US 41,162.23 $37,869.25
165183AA2 CFII 2016-1A A1 2.11000 03/15/2028 US .02 $0.02
165183AL8 CFII 2017-2A A1 1.99000 05/15/2029 US .04 $0.04
165183BB9 CFII 2017-4A A1 2.12000 11/15/2029 US 57,037.33 $56,239.67
165240102 CHESAPEAKE LODGING TRUST US CHSP 185.49 $5,282.68
172967EW7 CITIGROUP INC 8.12500 07/15/2039 US 58,602.2 $85,456.86
191216100 COCA COLA CO/THE US KO 14,434.4 $694,727.59
192422103 COGNEX CORP US CGNX 2,668.6 $121,421.52
194162103 COLGATE-PALMOLIVE CO US CL 2,731.38 $176,665.73
2011646 ALIMENTATION COUCHE-TARD -B CA ATD/B CN 159.03 $8,639.13
20369C106 COMMUNITY HEALTHCARE TRUST I US CHCT 360.43 $11,901.50
2162760 CAE INC CA CAE CN 293.56 $6,237.77
2180632 CANADIAN NATL RAILWAY CO CA CNR CN 70.21 $5,858.90
21871N101 CORECIVIC INC US CXW 527.58 $10,482.96
222795106 COUSINS PROPERTIES INC US CUZ 1,801.62 $15,944.34
22282EAH5 COVANTA HOLDING CORP 6.00000 01/01/2027 US 15,603.81 $14,940.65
22546QAD9 CREDIT SUISSE AG 5.40000 01/14/2020 CH 97,250.74 $99,254.71
22822V101 CROWN CASTLE INTL CORP US CCI 88.43 $10,351.71
228368106 CROWN HOLDINGS INC US CCK 1,762.66 $89,895.55
229663109 CUBESMART US CUBE 100.89 $3,122.48
2328595 BANCO DO BRASIL S.A. BR BBAS3 BZ 347.62 $4,942.78
23311RAD8 DCP MIDSTREAM OPERATING 5.35000 03/15/2020 US 9,171.63 $9,309.21
2347608 FIRST QUANTUM MINERALS LTD CA FM CN 428.36 $4,958.55
23918K108 DAVITA INC. US DVA 5,159.27 $289,589.92
23918KAR9 DAVITA INC 5.00000 05/01/2025 US 16,288.67 $15,677.85
2434760 MEXICHEM SAB DE CV MX MEXCHEM* MM 2,791.84 $7,476.64
2458771 ITAUSA INVESTIMENTOS ITAU -PR BR ITSA4 BZ 1,261.82 $4,670.58
2516710 LOJAS AMERICANAS SA - PREF BR LAME4 BZ 476.26 $2,751.36
25271C102 DIAMOND OFFSHORE DRILLING US DO 8,059.19 $88,086.99
253868103 DIGITAL REALTY TRUST INC US DLR 173.72 $18,820.28
25470DAT6 DISCOVERY COMMUNICATIONS 5.20000 09/20/2047 US 118,574.12 $112,081.00
256677105 DOLLAR GENERAL CORP US DG 1,378.62 $159,133.53
256746108 DOLLAR TREE STORES INC US DLTR 2,242.71 $217,161.73
2583952 METRO INC CA MRU CN 222.8 $8,100.24
26151AAA7 DRAX FINCO PLC 6.62500 11/01/2025 GB 27,394.57 $27,257.60
26780TAA5 DYNAGAS LNG PARTNERS/FIN 6.25000 10/30/2019 MH 17,576.96 $17,093.59
269246401 ETRADE FINANCIAL CORP US ETFC 3,581.76 $167,124.93
2715777 QUEBECOR INC -CL B CA QBR/B CN 9,985.92 $235,065.72
2801836 SHAW COMMUNICATIONS INC-B CA SJR/B CN 11,319.39 $229,842.38
285512109 ELECTRONIC ARTS US EA 3,517.98 $324,498.88
2866857 LUNDIN MINING CORP CA LUN CN 12,687.08 $57,934.08
29278D105 ENEL CHILE SA-ADR CL ENIC 1,086.51 $5,899.75
29444U700 EQUINIX INC US EQIX 893.17 $351,907.20
2945422 WEG SA BR WEGE3 BZ 528.27 $2,728.84
29472R108 EQUITY LIFESTYLE PROPERTIES US ELS 82.54 $8,739.83
29476L107 EQUITY RESIDENTIAL US EQR 344.69 $25,010.75
297178105 ESSEX PROPERTY TRUST INC US ESS 56.4 $15,295.55
302154BV0 EXPORT-IMPORT BANK KOREA 2.62500 12/30/2020 KR 68,486.44 $67,888.00
30225T102 EXTRA SPACE STORAGE INC US EXR 84.46 $8,328.65
30264DAA7 FS ENERGY & POWER FUND 7.50000 08/15/2023 US 16,973.54 $16,867.45
30287EAE0 FREMF 2014-K41 B FLT 3.83213 11/25/2047 US 66,431.84 $67,149.71
30291XAE2 FREMF 2014-K715 B FLT 3.97779 02/25/2046 US 64,514.22 $65,468.60
3128M6NC8 FHLM POOL G04587 5.50000 08/01/2038 US 24,344.09 $26,079.07
3128M6NS3 FHLM POOL G04601 5.50000 07/01/2038 US 27,748.92 $29,686.10
3128P75X7 FHLM POOL C91762 4.50000 05/01/2034 US 21,959.08 $23,051.61
3128P76G3 FHLM POOL C91771 4.50000 06/01/2034 US 20,323.43 $21,387.36
3128P76R9 FHLM POOL C91780 4.50000 07/01/2034 US 23,704.92 $24,884.26
3132QQFU1 FHLM POOL Q33778 4.00000 06/01/2045 US 33,743.95 $34,685.28
3134865 BARCLAYS PLC GB BARC LN 3,870.05 $8,066.54
3136B1YD0 FNR 2018-31 KP 3.50000 07/25/2047 US 41,280.61 $42,066.61
313747206 FEDERAL RLTY INVT TR SH BEN INT US FRT 29.43 $3,901.62
3137AME78 FHMS K017 X1 FLT 1.30246 12/25/2021 US 808,751.65 $24,855.77
3137F4YU0 FHR 4791 BA MTGE 4.00000 03/15/2044 US 50,968.64 $52,413.60
3137FG2L8 FHR 4801 BA MTGE 4.50000 05/15/2044 US 52,335.52 $54,377.04
3138EGHT4 FEDERAL NATL MTG ASSN AL0241 4.00000 04/01/2041 US 39,610.12 $40,891.04
3138EHR87 FEDERAL NATL MTG ASSN AL1410 4.50000 12/01/2041 US 59,308.92 $62,231.60
3138EQST0 FEDERAL NATL MTG ASSN AL7729 4.00000 06/01/2043 US 32,938.22 $34,002.20
3138ETT89 FEDERAL NATL MTG ASSN AL8674 FLT 5.65400 01/01/2049 US 68,673.03 $74,701.37
3138WDAY7 FEDERAL NATL MTG ASSN FN AS3622 3.50000 10/01/2044 US 143,380.54 $144,905.09
3138WDRZ6 FEDERAL NATL MTG ASSN AS4103 4.50000 12/01/2044 US 34,498.55 $36,172.94
3140H2PH5 FEDERAL NATL MATG ASSN FN BJ1323 3.50000 11/01/2047 US 136,322.44 $137,203.35
3140HPMQ7 FEDERAL NATIONAL MTGE FN BK9366 4.50000 08/01/2048 US 34,033.89 $35,383.31
3140Q84E2 FEDERAL NATL MTG ASSN FN CA1720 5.00000 05/01/2048 US 76,507.55 $80,561.71
3140Q9D42 FEDERAL NATL MTG ASSN FN CA1922 5.00000 06/01/2048 US 76,096.56 $80,129.21
3140Q9JA2 FEDERAL NATL MTGE ASSN FN CA2056 4.50000 07/01/2048 US 79,878.16 $83,045.17
3140Q9PD9 FEDERAL NATL MTG ASSN FN CA2219 5.00000 08/01/2048 US 61,522.8 $64,783.21
31410GCD3 FEDERAL NATL MTG ASSN 888468 5.50000 09/01/2021 US 4,268.5 $4,337.32
31410GN33 FEDERAL NATL MTG ASSN 888810 5.50000 11/01/2022 US 5,199.05 $5,283.87
31410HAQ4 MACYS RETAIL HLDGS INC 6.90000 04/01/2029 US 50,661.47 $53,185.75
31417YJC2 FEDERAL NATL MTG ASSN MA0258 4.50000 12/01/2039 US 23,215.72 $24,394.52
31418BBC9 FEDERAL NATL MTG ASSN MA1834 4.50000 02/01/2034 US 34,811.28 $36,508.32
31418C4M3 FEDERAL NATL MTG ASSN FN MA3527 5.00000 11/01/2048 US 135,089.38 $142,238.87
31418CAF1 FEDERAL NATL MTG ASSN FN MA2705 3.00000 08/01/2046 US 43,828.34 $43,076.78
31418MGR7 FEDERAL NATL MTG ASSN AD0207 6.00000 10/01/2038 US 28,265.98 $30,963.08
31418MKV3 FEDERAL NATL MTG ASSN AD0307 5.50000 01/01/2039 US 17,698.1 $19,220.03
31428X106 FEDEX CORPORATION US FDX 2,004.94 $356,017.56
315786AC7 FIDELITY & GUARA NTY LIFE 5.50000 05/01/2025 US 7,255.86 $6,983.77
32054K103 FIRST INDUSTRIAL REALTY TR US FR 192.06 $6,284.15
335934AK1 FIRST QUANTUM MINERALS L 7.25000 04/01/2023 CA 5,201.27 $4,980.27
34960PAB7 FORTRESS TRANS & INFRAST 6.50000 10/01/2025 US 14,372.9 $13,797.99
35671D857 FREEPORT-MCMORAN INC US FCX 8,604.03 $100,150.97
35802XAD5 FRESENIUS MED CARE II 5.62500 07/31/2019 US 4,431.26 $4,474.62
36143WAN1 GAHR 2015-NRF BFX FLT 3.38216 12/15/2034 US 77,389.67 $76,942.63
36246MAT6 GTP AQUISITION PARTNERS 2.35000 06/15/2020 US 16,847.66 $16,602.76
369604BQ5 GENERAL ELECTRIC CO 5.00000 01/21/2021 US 112,003.12 $98,002.73
37045VAR1 GENERAL MOTORS CO FLT 3.66713 09/10/2021 US 107,893.93 $105,628.16
37185LAF9 GENESIS ENERGY LP/GENESI 5.62500 06/15/2024 US 11,772.27 $10,830.49
374297109 GETTY REALTY CORP US GTY 222.04 $7,118.44
37953TAB1 GLOBAL SHIP LEASE INC 9.87500 11/15/2022 MH 21,082.73 $20,476.60
38141GVR2 GOLDMAN SACHS GROUP INC 4.25000 10/21/2025 US 42,461.59 $42,855.78
38379RRX3 GNR 2017-54 AH MTGE 2.60000 12/16/2056 US 66,769.26 $63,858.14
39807UAB2 GREYSTAR REAL ESTATE PAR 5.75000 12/01/2025 US 17,658.4 $17,525.97
400506101 GRUPO AEROPORTUARIO PAC-ADR MX PAC 58.71 $5,292.41
4012250 AIRBUS SE FR AIR FP 89.5 $10,316.26
40414L109 HCP INC US HCP 399.17 $12,589.96
4057808 L'OREAL FR OR FP 30.93 $7,454.88
4061412 LVMH MOET HENNESSY LOUIS VUITTON FR MC FP 38.59 $12,380.64
406216101 HALLIBURTON CO US HAL 9,219.38 $289,119.81
4076836 INTESA SANPAOLO IT ISP IM 2,646.25 $6,054.94
4162791 THALES SA FR HO FP 12.86 $1,422.66
4163437 CAP GEMINI FR CAP FP 23.81 $2,629.78
421946104 HEALTHCARE REALTY TRUST INC US HR 336.2 $10,856.02
42225P501 HEALTHCARE TRUST OF AMERICA US HTA 534.15 $15,180.49
44107P104 HOST MARRIOTT CORP US HST 509.64 $9,204.12
444454AD4 HUGHES SATELLITE SYSTEMS 5.25000 08/01/2026 US 25,460.31 $24,378.25
45031UCD1 ISTAR INC 5.25000 09/15/2022 US 12,731.08 $12,533.75
45337C102 INCYTE CORP US INCY 5,522.81 $445,083.62
45378A106 INDEPENDENCE REALTY TRUST IN US IRT 658.72 $6,883.62
4574813 MEDIOBANCA SPA IT MB IM 688.11 $5,996.72
45763PAE6 INMARSAT FINANCE PLC 4.87500 05/15/2022 GB 5,478.92 $5,300.85
45866F104 INTERCONTINENTALEXCHANGE INC US ICE 3,479.78 $267,107.89
459745GH2 INTL LEASE FINANCE CORP 6.25000 05/15/2019 US 143,355.11 $144,577.46
46120E602 INTUITIVE SURGICAL INC US ISRG 468.98 $245,574.22
46187BAA1 IHSFR 2017-SFR2 A 3.35750 12/17/2036 US 22,054.4 $21,841.46
46187BAB9 IHSFR 2017-SFR2 B 3.65750 12/17/2036 US 16,436.74 $16,366.59
46187W107 INVITATION HOMES INC US INVH 529.52 $11,908.92
464286624 ISHARES MSCI THAILAND ETF TH 368.2 $33,469.21
464289180 ISHARES MSCI EUROPE FINANCIA XX 1,426.31 $25,702.18
46625HHL7 JPMORGAN CHASE & CO 6.30000 04/23/2019 US 206,477.41 $208,057.53
46640BAC8 JPMMT 2013-2 A2 3.50000 05/25/2043 US 16,377.36 $16,173.92
46641YAA1 JPMMT 2014-2 1A1 3.00000 06/25/2029 US 26,333.89 $26,110.29
46647PAY2 JPMORGAN CHASE & CO 4.02300 12/05/2024 US 81,332.29 $83,335.98
4682329 PERNOD-RICARD SA FR RI FP 30.25 $5,018.05
4712798 RENAULT SA FR RNO FP 36.68 $2,595.46
4741844 MERCK KGAA DE MRK GR 2,945.23 $309,246.06
476405105 JERNIGAN CAPITAL INC US JCAP 368.92 $7,998.18
478160104 JOHNSON & JOHNSON US JNJ 6,098.15 $811,541.49
47987LAA9 JONAH NRG LLC/FINANCE 7.25000 10/15/2025 US 41,215.91 $30,499.77
4821100 SOLVAY SA BE SOLB BB 182.84 $19,905.76
4834108 SCHNEIDER ELECTRIC SE FR SU FP 80.47 $5,723.26
4834777 VIVENDI FR VIV FP 126.18 $3,217.50
49446R109 KIMCO REALTY CORP US KIM 337.98 $5,749.05
494550AW6 KINDER MORGAN ENER PART 6.95000 01/15/2038 US 142,673.95 $168,453.45
500630CK2 KOREA DEVELOPMENT BANK 1.37500 09/12/2019 KR 123,275.59 $122,092.87
50187TAE6 LGI HOMES INC 6.87500 07/15/2026 US 16,427.5 $15,811.47
50212YAB0 LPL HOLDINGS INC 5.75000 09/15/2025 US 10,541.36 $10,365.32
502160AM6 LSB INDUSTRIES 9.62500 05/01/2023 US 16,973.54 $17,270.58
5107401 BEIERSDORF AG DE BEI GR 2,108.62 $211,075.85
5176177 ORANGE FR ORA FP 236.21 $3,663.76
5253973 HERMES INTERNATIONAL FR RMS FP 4.52 $2,706.63
5263574 FLSMIDTH & CO A/S DK FLS DC 36.68 $1,719.08
529043101 LEXINGTON REALTY TRUST US LXP 665.7 $6,397.36
531172104 LIBERTY PROPERTY TRUST US LPT 300.2 $14,151.53
5330047 DASSAULT SYSTEMES SA FR DSY FP 19.98 $2,504.30
53815P108 LIVERAMP HOLDINGS INC US RAMP 11,516.98 $500,297.80
54238XAC2 LONESTAR RESOURCES AMERICA 11.25000 01/01/2023 US 8,486.77 $8,147.30
5474008 BANKINTER S.A. ES BKT SM 1,502.39 $11,731.01
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BMMV2K8 TENCENT HOLDINGS LTD CN 700 HK 11,045.61 $491,691.03
BNGN9Z1 FINECOBANK SPA IT FBK IM 11,390.44 $123,858.95
BP9DL90 INDUSTRIA DE DISENO TEXTIL ES ITX SM 11,275.45 $315,409.78
BSQXJ01 THULE GROUP AB/THE SE THULE SS 655.27 $13,378.43
BSS7GP5 AGL ENERGY LTD AU AGL AU 551.95 $8,623.97
BYMXPS7 UNICREDIT SPA IT UCG IM 515.21 $5,956.05
BYNXBZ5 ADO PROPERTIES SA DE ADJ GR 74.04 $4,444.54
BYW0PQ6 LAND SECURITIES GROUP PLC GB LAND LN 355.56 $4,043.50
BYWPGC4 CHINA YUHUA EDUCATION CORP L CN 6169 HK 19,816.66 $8,017.18
BYXS699 QIAGEN N.V. NL QIA GR 262.9 $9,710.05
BYYHL23 ANHEUSER-BUSCH INBEV SA/NV BE ABI BB 7,128.64 $544,650.25
BYZFZ91 SOPHOS GROUP PLC GB SOPH LN 2,148.63 $9,513.81
BZ3C3Q4 BANKIA SA ES BKIA SM 4,136.02 $12,056.37
BZ4CMZ5 DAVIDE CAMPARI-MILANO SPA IT CPR IM 1,277.15 $11,474.64
G02602103 AMDOCS LTD GG DOX 3,930.96 $219,662.00
G0750C108 AXALTA COATING SYSTEMS LTD US AXTA 4,885.47 $125,165.67
G0772R208 BANK OF N.T. BUTTERFIELD&SON BM NTB 217.06 $7,607.81
G25839104 COCA-COLA EUROPEAN PARTNERS GB CCEP 166.69 $7,931.14
G27358103 DESPEGAR.COM CORP AR DESP 268.38 $4,031.12
G3157S106 ENSCO INTERNATIONAL INC US ESV 8,740.24 $38,457.05
G37585AC3 GASLOG LTD 8.87500 03/22/2022 BM 20,397.86 $20,703.83
G5960L103 MEDTRONIC INC IE MDT 8,825.9 $780,121.21
G84720104 STERIS PLC GB STE 75.96 $8,663.45
G97822103 PERRIGO CO PLC IE PRGO 1,929.42 $89,621.67
H8817H100 TRANSOCEAN LTD US RIG 16,082.46 $137,826.69
M22465104 CHECK POINT SOFTWARE TECH IL CHKP 52.83 $5,912.41
N22717107 CORE LABORATORIES N.V. NL CLB 130.7 $8,816.90
N47279109 INTERXION HOLDING NV NL INXN 5,140.85 $308,656.84
N59465109 MYLAN NV US MYL 2,669.84 $79,961.58
N72482123 QIAGEN N.V. ADR NL QGEN 4,603.44 $170,465.43
USD US DOLLAR US 915,145.76 $915,145.76

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 2040 Series Class K Distribution History
  • 2019 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

$9.52

Daily $ Change

$0.07

Daily % Change

0.74%

as of 02/15/2019

Ticker

MTTKX

CUSIP

56382P856

Inception Date

03/28/2008

Investment Minimum

$2,000.00

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

Important Documents

Summary Prospectus
Prospectus
Statement of Additional Information
Annual Report
Semi-Annual Report
Fact Sheet
Applications & Forms

Information on Underlying Investments

Blended Asset Series Prospectus
Blended Asset Series SAI
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 aggressive, growth-oriented mix of securities that seeks to earn the long-term growth typically associated with the stock market without full market risk. The portfolio is diversified primarily among various stock investments in both domestic and foreign markets, with a portion of the portfolio invested in fixed income securities. Stock exposure can range from 58% - 87%.

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 2040
  • Who have time to pursue growth and can accept significant 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 01/31/2019

YTD

6.26%

1 Year

-3.77%

3 Year

9.36%

5 Year

5.16%

10 Year

10.94%

Inception
(03/28/2008)

5.97%

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 1.16%
Net 1.01%*

*Includes acquired fund fees and expenses of the underlying Series, and a 12b-1 fee of 0.25%. Up to 0.25% of the 12b-1 fee is available as a shareholder servicing fee. Reflects the Advisor’s contractual agreement to limit its fees and reimburse certain expenses. The contractual waiver may not be amended or terminated prior to the expiration date (02/29/2028) without the approval of the Fund's Board of Directors.

Top Ten Investments

As of 01/31/2019

TREASURY NOTES 7.74%
TREASURY BONDS 3.81%
GOVERNMENT AGENCY 2.96%
MASTERCARD INC-CLASS A 1.84%
UNITED STATES TREAS INFL INDEX 0.12500 04/15/2020 1.80%
JOHNSON & JOHNSON 1.79%
NOVARTIS AG- REG 1.73%
MEDTRONIC INC 1.73%
BOOKING HOLDINGS INC 1.70%
MONDELEZ INTERNATIONAL INC 1.65%

Top Ten Investments list is unaudited and excludes cash

Asset Allocation

As of 01/31/2019

Stocks
68.48%
Bonds
29.54%
Cash
1.98%

Detailed Asset Class Allocation

As of 01/31/2019

International Equities
22.01%
Small Capitalization
2.08%
Mid Capitalization
5.40%
Large Capitalization
39.00%
Long Term Fixed Income
8.04%
Intermediate Term Fixed Income
15.89%
Short Term Fixed Income
5.60%
Cash
1.98%

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

January Fund Holdings

As of 01/31/2019

CUSIP Security Description Country Ticker Shares/Par Market Value (USD)
00101JAH9 ADT SEC CORP 4.12500 06/15/2023 US 13,142 $12,649.17
00101JAM8 ADT CORP 5.25000 03/15/2020 US 9,171.63 $9,309.21
00206RDQ2 AT&T INC 4.25000 03/01/2027 US 110,633.39 $111,970.62
00254EML3 SWEDISH EXPORT CREDIT 1.12500 08/28/2019 SE 85,060.16 $84,337.14
00289XAA7 ABENGOA YIELD PLC 7.00000 11/15/2019 GB 89,487.78 $89,711.50
004239109 ACADIA REALTY TRUST US AKR 131 $3,763.73
0045614 ANTOFAGASTA PLC GB ANTO LN 5,822.27 $66,559.64
00774MAG0 AERCAP IRELAND CAP / GLOBA 4.45000 10/01/2025 IE 112,003.12 $109,593.99
00790X101 ADVANCED DISPOSAL SERVICES US ADSW 8,649.58 $217,969.38
0081180 BARRATT DEVELOPMENTS PLC GB BDEV LN 1,152.2 $8,149.65
008492100 AGREE REALTY CORP US ADC 77.89 $5,143.04
00928QAK7 AIRCASTLE LTD 6.25000 12/01/2019 BM 11,772.27 $12,025.42
0136701 BRITISH LAND CO PLC GB BLND LN 539.77 $4,066.10
015271109 ALEXANDRIA REAL EST EQUITIES US ARE 30.12 $3,966.52
01609W102 ALIBABA GROUP - ADR CN BABA 103.74 $17,478.90
01748XAA0 ALLEGIANT TRAVEL CO 5.50000 07/15/2019 US 11,279.91 $11,378.61
02079K107 ALPHABET INC-CL C US GOOG 330.23 $368,653.46
02079K305 ALPHABET INC-CL A US GOOGL 282.42 $317,977.77
02209S103 ALTRIA GROUP INC US MO 3,178.2 $156,844.17
023135106 AMAZON.COM INC US AMZN 220.96 $379,773.16
02319V103 AMBEV SA-ADR BR ABEV 72,169.05 $347,133.15
0237400 DIAGEO PLC GB DGE LN 10,680.04 $407,618.01
02376RAA0 AMERICAN AIRLINES GROUP 5.50000 10/01/2019 US 28,893.88 $29,099.02
024835100 AMERICAN CAMPUS COMMUNITIES US ACC 124.57 $5,732.77
0263494 BAE SYSTEMS PLC GB BA/ LN 2,133.17 $14,350.59
02665T306 AMERICAN HOMES 4 RENT- A US AMH 709.64 $15,690.14
02666TAA5 AMERICAN HOMES 4 RENT 4.25000 02/15/2028 US 54,770.65 $52,756.34
02753GAA7 AMERICAN MIDSTREAM PTR/F 9.50000 12/15/2021 US 15,057.77 $14,003.72
03027X100 AMERICAN TOWER REIT INC US AMT 2,992.46 $517,217.14
03064D108 AMERICOLD REALTY TRUST US COLD 120.6 $3,536.02
03748R101 APARTMENT INVT & MGMT CO -A US AIV 228.74 $11,327.44
03784Y200 APPLE HOSPITALITY REIT INC US APLE 216.15 $3,547.00
0405207 HALMA PLC GB HLMA LN 449.98 $8,276.05
0490656 KERRY GROUP PLC-A IE KYGA LN 151.91 $15,622.78
053332102 AUTOZONE INC US AZO 457.9 $387,994.56
053484101 AVALONBAY COMMUNITIES INC US AVB 158.52 $30,581.37
058498106 BALL CORP US BLL 9,426.18 $492,800.79
06051GFM6 BANK OF AMERICA CORP 4.00000 01/22/2025 US 165,404.05 $166,704.01
0682538 PERSIMMON PLC GB PSN LN 258.93 $8,077.59
084670702 BERKSHIRE HATHAWAY INC-CL B US BRK/B 2,612.59 $536,992.38
0870612 LLOYDS BANKING GROUP PLC GB LLOY LN 10,939.69 $8,340.01
0878230 TAYLOR WIMPEY PLC GB TW/ LN 3,727.72 $8,082.60
09061G101 BIOMARIN PHARMACEUTICAL INC US BMRN 4,039.68 $396,574.98
0922320 SMITH & NEPHEW PLC GB SN/ LN 581.91 $10,962.46
09247X101 BLACKROCK INC US BLK 911.19 $378,218.58
0946580 WEIR GROUP PLC/THE GB WEIR LN 1,260.6 $24,946.65
096630AE8 BOARDWALK PIPELINES LP 5.95000 06/01/2026 US 158,555.4 $162,838.84
09857L108 BOOKING HOLDINGS INC US BKNG 420 $769,776.51
101121101 BOSTON PROPERTIES INC US BXP 181.52 $23,936.63
105368203 BRANDYWINE REALTY TRUST US BDN 987.53 $14,862.31
110448107 BRITISH AMERICAN TOB-SP ADR GB BTI 215.41 $7,599.61
11134LAB5 BROADCOM CRP / CAYMN FI 2.37500 01/15/2020 US 99,990.2 $99,216.04
11680JAA0 BRUIN E&P PARTNERS LLC 8.87500 08/01/2023 US 9,171.63 $8,730.29
12503M108 CBOE GLOBAL MARKETS INC US CBOE 2,633.61 $245,636.88
125269100 CF INDUSTRIES HOLDINGS INC US CF 3,460.08 $151,032.39
12572Q105 CME GROUP INC US CME 1,392.15 $253,761.90
12592BAB0 CNH INDUSTRIAL CAPITAL L 3.37500 07/15/2019 US 139,934.49 $140,184.81
12596JAA1 CNH 2019-A A1 2.75334 02/28/2020 US 68,486.44 $68,494.57
12646XAH5 CSMC 2013-IVR3 A1 2.50000 05/25/2043 US 29,838.54 $28,207.77
12648TAA7 CSMC 2014-IVR3 A1 3.50000 07/25/2044 US 51,268.59 $50,937.11
133131102 CAMDEN PROPERTY TRUST US CPT 37.37 $3,623.16
13321L108 CAMECO CORP CA CCJ 585.62 $7,097.77
134429109 CAMPBELL SOUP CO US CPB 5,771.72 $204,492.02
14980AAA0 CAZENOVIA CREEK FUNDING LLC 3.56070 07/15/2030 US 58,922.86 $58,651.08
156504AH5 CENTURY COMMUNITIES 5.87500 07/15/2025 US 41,162.23 $37,869.25
165183AA2 CFII 2016-1A A1 2.11000 03/15/2028 US .02 $0.02
165183AL8 CFII 2017-2A A1 1.99000 05/15/2029 US .04 $0.04
165183BB9 CFII 2017-4A A1 2.12000 11/15/2029 US 57,037.33 $56,239.67
165240102 CHESAPEAKE LODGING TRUST US CHSP 185.49 $5,282.68
172967EW7 CITIGROUP INC 8.12500 07/15/2039 US 58,602.2 $85,456.86
191216100 COCA COLA CO/THE US KO 14,434.4 $694,727.59
192422103 COGNEX CORP US CGNX 2,668.6 $121,421.52
194162103 COLGATE-PALMOLIVE CO US CL 2,731.38 $176,665.73
2011646 ALIMENTATION COUCHE-TARD -B CA ATD/B CN 159.03 $8,639.13
20369C106 COMMUNITY HEALTHCARE TRUST I US CHCT 360.43 $11,901.50
2162760 CAE INC CA CAE CN 293.56 $6,237.77
2180632 CANADIAN NATL RAILWAY CO CA CNR CN 70.21 $5,858.90
21871N101 CORECIVIC INC US CXW 527.58 $10,482.96
222795106 COUSINS PROPERTIES INC US CUZ 1,801.62 $15,944.34
22282EAH5 COVANTA HOLDING CORP 6.00000 01/01/2027 US 15,603.81 $14,940.65
22546QAD9 CREDIT SUISSE AG 5.40000 01/14/2020 CH 97,250.74 $99,254.71
22822V101 CROWN CASTLE INTL CORP US CCI 88.43 $10,351.71
228368106 CROWN HOLDINGS INC US CCK 1,762.66 $89,895.55
229663109 CUBESMART US CUBE 100.89 $3,122.48
2328595 BANCO DO BRASIL S.A. BR BBAS3 BZ 347.62 $4,942.78
23311RAD8 DCP MIDSTREAM OPERATING 5.35000 03/15/2020 US 9,171.63 $9,309.21
2347608 FIRST QUANTUM MINERALS LTD CA FM CN 428.36 $4,958.55
23918K108 DAVITA INC. US DVA 5,159.27 $289,589.92
23918KAR9 DAVITA INC 5.00000 05/01/2025 US 16,288.67 $15,677.85
2434760 MEXICHEM SAB DE CV MX MEXCHEM* MM 2,791.84 $7,476.64
2458771 ITAUSA INVESTIMENTOS ITAU -PR BR ITSA4 BZ 1,261.82 $4,670.58
2516710 LOJAS AMERICANAS SA - PREF BR LAME4 BZ 476.26 $2,751.36
25271C102 DIAMOND OFFSHORE DRILLING US DO 8,059.19 $88,086.99
253868103 DIGITAL REALTY TRUST INC US DLR 173.72 $18,820.28
25470DAT6 DISCOVERY COMMUNICATIONS 5.20000 09/20/2047 US 118,574.12 $112,081.00
256677105 DOLLAR GENERAL CORP US DG 1,378.62 $159,133.53
256746108 DOLLAR TREE STORES INC US DLTR 2,242.71 $217,161.73
2583952 METRO INC CA MRU CN 222.8 $8,100.24
26151AAA7 DRAX FINCO PLC 6.62500 11/01/2025 GB 27,394.57 $27,257.60
26780TAA5 DYNAGAS LNG PARTNERS/FIN 6.25000 10/30/2019 MH 17,576.96 $17,093.59
269246401 ETRADE FINANCIAL CORP US ETFC 3,581.76 $167,124.93
2715777 QUEBECOR INC -CL B CA QBR/B CN 9,985.92 $235,065.72
2801836 SHAW COMMUNICATIONS INC-B CA SJR/B CN 11,319.39 $229,842.38
285512109 ELECTRONIC ARTS US EA 3,517.98 $324,498.88
2866857 LUNDIN MINING CORP CA LUN CN 12,687.08 $57,934.08
29278D105 ENEL CHILE SA-ADR CL ENIC 1,086.51 $5,899.75
29444U700 EQUINIX INC US EQIX 893.17 $351,907.20
2945422 WEG SA BR WEGE3 BZ 528.27 $2,728.84
29472R108 EQUITY LIFESTYLE PROPERTIES US ELS 82.54 $8,739.83
29476L107 EQUITY RESIDENTIAL US EQR 344.69 $25,010.75
297178105 ESSEX PROPERTY TRUST INC US ESS 56.4 $15,295.55
302154BV0 EXPORT-IMPORT BANK KOREA 2.62500 12/30/2020 KR 68,486.44 $67,888.00
30225T102 EXTRA SPACE STORAGE INC US EXR 84.46 $8,328.65
30264DAA7 FS ENERGY & POWER FUND 7.50000 08/15/2023 US 16,973.54 $16,867.45
30287EAE0 FREMF 2014-K41 B FLT 3.83213 11/25/2047 US 66,431.84 $67,149.71
30291XAE2 FREMF 2014-K715 B FLT 3.97779 02/25/2046 US 64,514.22 $65,468.60
3128M6NC8 FHLM POOL G04587 5.50000 08/01/2038 US 24,344.09 $26,079.07
3128M6NS3 FHLM POOL G04601 5.50000 07/01/2038 US 27,748.92 $29,686.10
3128P75X7 FHLM POOL C91762 4.50000 05/01/2034 US 21,959.08 $23,051.61
3128P76G3 FHLM POOL C91771 4.50000 06/01/2034 US 20,323.43 $21,387.36
3128P76R9 FHLM POOL C91780 4.50000 07/01/2034 US 23,704.92 $24,884.26
3132QQFU1 FHLM POOL Q33778 4.00000 06/01/2045 US 33,743.95 $34,685.28
3134865 BARCLAYS PLC GB BARC LN 3,870.05 $8,066.54
3136B1YD0 FNR 2018-31 KP 3.50000 07/25/2047 US 41,280.61 $42,066.61
313747206 FEDERAL RLTY INVT TR SH BEN INT US FRT 29.43 $3,901.62
3137AME78 FHMS K017 X1 FLT 1.30246 12/25/2021 US 808,751.65 $24,855.77
3137F4YU0 FHR 4791 BA MTGE 4.00000 03/15/2044 US 50,968.64 $52,413.60
3137FG2L8 FHR 4801 BA MTGE 4.50000 05/15/2044 US 52,335.52 $54,377.04
3138EGHT4 FEDERAL NATL MTG ASSN AL0241 4.00000 04/01/2041 US 39,610.12 $40,891.04
3138EHR87 FEDERAL NATL MTG ASSN AL1410 4.50000 12/01/2041 US 59,308.92 $62,231.60
3138EQST0 FEDERAL NATL MTG ASSN AL7729 4.00000 06/01/2043 US 32,938.22 $34,002.20
3138ETT89 FEDERAL NATL MTG ASSN AL8674 FLT 5.65400 01/01/2049 US 68,673.03 $74,701.37
3138WDAY7 FEDERAL NATL MTG ASSN FN AS3622 3.50000 10/01/2044 US 143,380.54 $144,905.09
3138WDRZ6 FEDERAL NATL MTG ASSN AS4103 4.50000 12/01/2044 US 34,498.55 $36,172.94
3140H2PH5 FEDERAL NATL MATG ASSN FN BJ1323 3.50000 11/01/2047 US 136,322.44 $137,203.35
3140HPMQ7 FEDERAL NATIONAL MTGE FN BK9366 4.50000 08/01/2048 US 34,033.89 $35,383.31
3140Q84E2 FEDERAL NATL MTG ASSN FN CA1720 5.00000 05/01/2048 US 76,507.55 $80,561.71
3140Q9D42 FEDERAL NATL MTG ASSN FN CA1922 5.00000 06/01/2048 US 76,096.56 $80,129.21
3140Q9JA2 FEDERAL NATL MTGE ASSN FN CA2056 4.50000 07/01/2048 US 79,878.16 $83,045.17
3140Q9PD9 FEDERAL NATL MTG ASSN FN CA2219 5.00000 08/01/2048 US 61,522.8 $64,783.21
31410GCD3 FEDERAL NATL MTG ASSN 888468 5.50000 09/01/2021 US 4,268.5 $4,337.32
31410GN33 FEDERAL NATL MTG ASSN 888810 5.50000 11/01/2022 US 5,199.05 $5,283.87
31410HAQ4 MACYS RETAIL HLDGS INC 6.90000 04/01/2029 US 50,661.47 $53,185.75
31417YJC2 FEDERAL NATL MTG ASSN MA0258 4.50000 12/01/2039 US 23,215.72 $24,394.52
31418BBC9 FEDERAL NATL MTG ASSN MA1834 4.50000 02/01/2034 US 34,811.28 $36,508.32
31418C4M3 FEDERAL NATL MTG ASSN FN MA3527 5.00000 11/01/2048 US 135,089.38 $142,238.87
31418CAF1 FEDERAL NATL MTG ASSN FN MA2705 3.00000 08/01/2046 US 43,828.34 $43,076.78
31418MGR7 FEDERAL NATL MTG ASSN AD0207 6.00000 10/01/2038 US 28,265.98 $30,963.08
31418MKV3 FEDERAL NATL MTG ASSN AD0307 5.50000 01/01/2039 US 17,698.1 $19,220.03
31428X106 FEDEX CORPORATION US FDX 2,004.94 $356,017.56
315786AC7 FIDELITY & GUARA NTY LIFE 5.50000 05/01/2025 US 7,255.86 $6,983.77
32054K103 FIRST INDUSTRIAL REALTY TR US FR 192.06 $6,284.15
335934AK1 FIRST QUANTUM MINERALS L 7.25000 04/01/2023 CA 5,201.27 $4,980.27
34960PAB7 FORTRESS TRANS & INFRAST 6.50000 10/01/2025 US 14,372.9 $13,797.99
35671D857 FREEPORT-MCMORAN INC US FCX 8,604.03 $100,150.97
35802XAD5 FRESENIUS MED CARE II 5.62500 07/31/2019 US 4,431.26 $4,474.62
36143WAN1 GAHR 2015-NRF BFX FLT 3.38216 12/15/2034 US 77,389.67 $76,942.63
36246MAT6 GTP AQUISITION PARTNERS 2.35000 06/15/2020 US 16,847.66 $16,602.76
369604BQ5 GENERAL ELECTRIC CO 5.00000 01/21/2021 US 112,003.12 $98,002.73
37045VAR1 GENERAL MOTORS CO FLT 3.66713 09/10/2021 US 107,893.93 $105,628.16
37185LAF9 GENESIS ENERGY LP/GENESI 5.62500 06/15/2024 US 11,772.27 $10,830.49
374297109 GETTY REALTY CORP US GTY 222.04 $7,118.44
37953TAB1 GLOBAL SHIP LEASE INC 9.87500 11/15/2022 MH 21,082.73 $20,476.60
38141GVR2 GOLDMAN SACHS GROUP INC 4.25000 10/21/2025 US 42,461.59 $42,855.78
38379RRX3 GNR 2017-54 AH MTGE 2.60000 12/16/2056 US 66,769.26 $63,858.14
39807UAB2 GREYSTAR REAL ESTATE PAR 5.75000 12/01/2025 US 17,658.4 $17,525.97
400506101 GRUPO AEROPORTUARIO PAC-ADR MX PAC 58.71 $5,292.41
4012250 AIRBUS SE FR AIR FP 89.5 $10,316.26
40414L109 HCP INC US HCP 399.17 $12,589.96
4057808 L'OREAL FR OR FP 30.93 $7,454.88
4061412 LVMH MOET HENNESSY LOUIS VUITTON FR MC FP 38.59 $12,380.64
406216101 HALLIBURTON CO US HAL 9,219.38 $289,119.81
4076836 INTESA SANPAOLO IT ISP IM 2,646.25 $6,054.94
4162791 THALES SA FR HO FP 12.86 $1,422.66
4163437 CAP GEMINI FR CAP FP 23.81 $2,629.78
421946104 HEALTHCARE REALTY TRUST INC US HR 336.2 $10,856.02
42225P501 HEALTHCARE TRUST OF AMERICA US HTA 534.15 $15,180.49
44107P104 HOST MARRIOTT CORP US HST 509.64 $9,204.12
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B63QM77 NEXON CO LTD JP 3659 JP 1,517.09 $23,080.15
B6TC406 MEX BONOS DESARR FIX RT 7.75000 05/29/2031 MX 38,078.46 $1,861.84
B725S29 PUREGOLD PRICE CLUB INC PH PGOLD PM 2,846.63 $2,487.13
B7311V6 KALBE FARMA TBK PT ID KLBF IJ 50,930.06 $5,837.07
B7T7721 ROYAL BANK OF SCOTLAND GB RBS LN 2,604.53 $8,262.11
B800MQ5 ASTRA INTERNATIONAL TBK PT ID ASII IJ 9,677.04 $5,870.60
B8FMRX8 COLOPLAST-B DK COLOB DC 61.18 $5,588.30
B8K9X70 GRAND CITY PROPERTIES DE GYC GR 374.08 $9,307.34
B92RW83 LT GROUP INC PH LTG PM 8,758.87 $2,610.13
B9895B7 COCA-COLA HBC AG-DI CH CCH LN 249.9 $8,398.96
B9G6L89 LEG IMMOBILIEN AG DE LEG GR 114.55 $13,456.12
B9N3SQ0 BB SEGURIDADE PARTICIPACOES BR BBSE3 BZ 399.63 $3,403.28
BBD7Q84 SUNTORY BEVERAGE & FOOD LTD JP 2587 JP 104.03 $4,605.90
BBG00MJRX139 QRVO US 02/15/19 C67.5 US -7.4 -$1,331.38
BBG00MMG82L5 GOOG US 02/15/19 C1110 US -.55 -$2,027.20
BBG00MSXTDS8 NOW US 02/01/19 C202.5 US -2.33 -$4,063.30
BBG00MY7SR35 MSFT US 02/08/19 C111 US -4.38 -$43.83
BBG00N27NTT1 BKNG US 03/01/19 C1970 US -.14 -$271.21
BBJPFY1 VONOVIA SE DE VNA GR 364.31 $18,309.72
BD0Q398 KONINKLIJKE AHOLD DELHAIZE N NL AD NA 301.91 $7,954.00
BD1WX84 ENGIE BRASIL ENERGIA SA BR EGIE3 BZ 630.21 $7,231.43
BD3JR69 CHINA MAPLE LEAF EDUCATIONAL CN 1317 HK 12,371.99 $5,342.17
BD4T6W7 TELEKOMUNIKASI INDONESIA PER ID TLKM IJ 20,752.88 $5,791.69
BD4TZK8 OCI NV NL OCI NA 229.78 $4,859.32
BD6K457 COMPASS GROUP PLC GB CPG LN 256.88 $5,496.84
BD82246 EAGLE BULK SHIPCO 8.25000 11/28/2022 MH 26,846.68 $26,578.22
BD9Y5C0 TECHNOGYM SPA IT TGYM IM 724.52 $8,400.86
BD9Y9B7 BASIC-FIT NV NL BFIT NA 269.06 $8,231.44
BDFLHY1 AIRPORTS OF THAILAND PCL-FOR TH AOT/F TB 2,665.98 $5,903.99
BDQZ7T7 WISDOM EDUCATION INTERNATION CN 6068 HK 14,670.92 $5,994.42
BDZV116 EPIROC AB-A SE EPIA SS 190.36 $1,827.95
BF7LBH4 ATACADAO DISTRIBUICAO COMERC BR CRFB3 BZ 514.57 $2,820.34
BFTCYP4 ROBINSONS RETAIL HOLDINGS IN PH RRHI PM 1,527.6 $2,579.71
BFYM460 UNIBAIL-RODAMCO-WESTFIELD FR URW NA 108.81 $19,569.66
BG36ZK1 B3 SA-BRASIL BOLSA BALCAO BR B3SA3 BZ 566.59 $4,888.82
BG7ZWY7 AMBEV SA BR ABEV3 BZ 1,957.05 $9,395.67
BGHQ198 HIBERNIA REIT PLC IE HBRN ID 3,887.66 $5,847.05
BH4TZ73 FU SHOU YUAN INTERNATIONAL CN 1448 HK 16,094.32 $13,197.23
BHC8X90 NOVO NORDISK A/S-B DK NOVOB DC 117.15 $5,490.31
BJ2KSG2 AKZO NOBEL NL AKZA NA 2,595.81 $223,413.78
BMMV2K8 TENCENT HOLDINGS LTD CN 700 HK 11,045.61 $491,691.03
BNGN9Z1 FINECOBANK SPA IT FBK IM 11,390.44 $123,858.95
BP9DL90 INDUSTRIA DE DISENO TEXTIL ES ITX SM 11,275.45 $315,409.78
BSQXJ01 THULE GROUP AB/THE SE THULE SS 655.27 $13,378.43
BSS7GP5 AGL ENERGY LTD AU AGL AU 551.95 $8,623.97
BYMXPS7 UNICREDIT SPA IT UCG IM 515.21 $5,956.05
BYNXBZ5 ADO PROPERTIES SA DE ADJ GR 74.04 $4,444.54
BYW0PQ6 LAND SECURITIES GROUP PLC GB LAND LN 355.56 $4,043.50
BYWPGC4 CHINA YUHUA EDUCATION CORP L CN 6169 HK 19,816.66 $8,017.18
BYXS699 QIAGEN N.V. NL QIA GR 262.9 $9,710.05
BYYHL23 ANHEUSER-BUSCH INBEV SA/NV BE ABI BB 7,128.64 $544,650.25
BYZFZ91 SOPHOS GROUP PLC GB SOPH LN 2,148.63 $9,513.81
BZ3C3Q4 BANKIA SA ES BKIA SM 4,136.02 $12,056.37
BZ4CMZ5 DAVIDE CAMPARI-MILANO SPA IT CPR IM 1,277.15 $11,474.64
G02602103 AMDOCS LTD GG DOX 3,930.96 $219,662.00
G0750C108 AXALTA COATING SYSTEMS LTD US AXTA 4,885.47 $125,165.67
G0772R208 BANK OF N.T. BUTTERFIELD&SON BM NTB 217.06 $7,607.81
G25839104 COCA-COLA EUROPEAN PARTNERS GB CCEP 166.69 $7,931.14
G27358103 DESPEGAR.COM CORP AR DESP 268.38 $4,031.12
G3157S106 ENSCO INTERNATIONAL INC US ESV 8,740.24 $38,457.05
G37585AC3 GASLOG LTD 8.87500 03/22/2022 BM 20,397.86 $20,703.83
G5960L103 MEDTRONIC INC IE MDT 8,825.9 $780,121.21
G84720104 STERIS PLC GB STE 75.96 $8,663.45
G97822103 PERRIGO CO PLC IE PRGO 1,929.42 $89,621.67
H8817H100 TRANSOCEAN LTD US RIG 16,082.46 $137,826.69
M22465104 CHECK POINT SOFTWARE TECH IL CHKP 52.83 $5,912.41
N22717107 CORE LABORATORIES N.V. NL CLB 130.7 $8,816.90
N47279109 INTERXION HOLDING NV NL INXN 5,140.85 $308,656.84
N59465109 MYLAN NV US MYL 2,669.84 $79,961.58
N72482123 QIAGEN N.V. ADR NL QGEN 4,603.44 $170,465.43
USD US DOLLAR US 915,145.76 $915,145.76

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 2040 Series Class K Distribution History
  • 2019 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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