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 56% - 86%.

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

$10.15

Daily $ Change

$0.00

Daily % Change

0.00%

as of 10/14/2019

Ticker

MTTRX

CUSIP

56382P781

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 09/30/2019

YTD

17.09%

1 Year

4.62%

3 Year

8.31%

5 Year

5.52%

10 Year

8.11%

Inception
(03/28/2008)

6.28%

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 1.36%
Net 1.25%*

*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 09/30/2019

TREASURY NOTES 10.65%
TREASURY BONDS 5.19%
GOVERNMENT AGENCY 4.21%
MEDTRONIC INC 1.87%
MASTERCARD INC-CLASS A 1.69%
JOHNSON & JOHNSON 1.68%
COCA COLA CO/THE 1.67%
MONDELEZ INTERNATIONAL INC 1.63%
BERKSHIRE HATHAWAY INC-CL B 1.59%
MICROSOFT CORP 1.50%

Top Ten Investments list is unaudited and excludes cash

Asset Allocation

As of 09/30/2019

Stocks 67.83%
Bonds 30.63%
Cash 1.54%

Detailed Asset Class Allocation

As of 09/30/2019

International Equities 24.35%
Small Capitalization 1.37%
Mid Capitalization 1.48%
Large Capitalization 40.64%
Long Term Fixed Income 9.02%
Intermediate Term Fixed Income 18.30%
Short Term Fixed Income 3.30%
Cash 1.54%

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

September Fund Holdings

As of 09/30/2019

CUSIP Security Description Country Ticker Shares/Par Market Value (USD)
00101JAK2 ADT SEC CORP 6.25000 10/15/2021 US 3,212.55 $3,421.36
00206RDQ2 AT&T INC 4.25000 03/01/2027 US 108,998.3 $118,591.68
00287Y109 ABBVIE INC US ABBV 117.09 $8,866.28
004239109 ACADIA REALTY TRUST US AKR 127.87 $3,654.66
00489LAA1 ACRISURE LLC / FIN INC 7.00000 11/15/2025 US 3,212.55 $2,995.06
00507V109 ACTIVISION INC US ATVI 9,304.21 $492,378.72
00751Y106 ADVANCE AUTO PARTS INC US AAP 1,590.93 $263,139.50
00774MAG0 AERCAP IRELAND CAP / GLOBA 4.45000 10/01/2025 IE 110,366.96 $117,650.01
00791GAA5 AG MERGER SUB II INC 10.75000 08/01/2027 US 3,212.55 $3,260.74
0081180 BARRATT DEVELOPMENTS PLC GB BDEV LN 995.52 $7,924.97
008492100 AGREE REALTY CORP US ADC 76 $5,559.30
013093AD1 ALBERTSONS COS LLC/SAFEW 5.75000 03/15/2025 US 3,212.55 $3,303.62
0136701 BRITISH LAND CO PLC GB BLND LN 1,194.38 $8,592.05
015271109 ALEXANDRIA REAL EST EQUITIES US ARE 29.39 $4,526.95
01609W102 ALIBABA GROUP - ADR CN BABA 134.01 $22,411.32
01609WAT9 ALIBABA GROUP HOLDING 3.40000 12/06/2027 KY 121,658.62 $126,623.14
020002101 ALLSTATE CORPORATION US ALL 27.72 $3,012.53
02079K107 ALPHABET INC-CL C US GOOG 337 $410,797.34
02079K305 ALPHABET INC-CL A US GOOGL 336.31 $410,682.85
02209S103 ALTRIA GROUP INC US MO 3,739.61 $152,949.99
023135106 AMAZON.COM INC US AMZN 295.59 $513,123.43
02319V103 AMBEV SA-ADR BR ABEV 64,154.09 $296,391.88
0237400 DIAGEO PLC GB DGE LN 7,198.91 $294,076.11
02376RAA0 AMERICAN AIRLINES GROUP 5.50000 10/01/2019 US 28,589.69 $28,589.69
02406PAR1 AMERICAN AXLE & MFG INC 6.25000 04/01/2025 US 2,528.22 $2,455.53
024835100 AMERICAN CAMPUS COMMUNITIES US ACC 211.72 $10,179.69
0263494 BAE SYSTEMS PLC GB BA/ LN 2,745.08 $19,224.51
02665T306 AMERICAN HOMES 4 RENT- A US AMH 756.03 $19,573.68
0287580 BRITISH AMERICAN TOBACCO PLC GB BATS LN 544.75 $20,117.54
03019LAA4 AMERICAN TANKER INC 9.25000 02/22/2022 US 8,953.32 $9,065.28
03027X100 AMERICAN TOWER REIT INC US AMT 1,957.17 $432,789.69
03027XAW0 AMERICAN TOWER CORP 3.80000 08/15/2029 US 122,266.66 $130,495.87
03064D108 AMERICOLD REALTY TRUST US COLD 396.11 $14,683.91
031162100 AMGEN INC US AMGN 51.71 $10,006.18
03690AAD8 ANTERO MIDSTREAM PART / FI 5.75000 03/01/2027 US 3,212.55 $2,678.46
03690AAF3 ANTERO MIDSTREAM PART/FI 5.75000 01/15/2028 US 3,212.55 $2,666.41
03748R754 APARTMENT INVT & MGMT CO -A US AIV 309.63 $16,144.25
038222105 APPLIED MATERIALS INC US AMAT 78.18 $3,901.42
039483102 ARCHER-DANIELS-MIDLAND CO US ADM 54.56 $2,240.94
03968AAA9 ARD SECURITIES FINANCE 8.75000 01/31/2023 LU 2,638.59 $2,730.94
0405207 HALMA PLC GB HLMA LN 431.01 $10,432.84
045086AF2 ASHTON WOODS USA/FINANCE 6.75000 08/01/2025 US 3,212.55 $3,204.52
0490656 KERRY GROUP PLC-A IE KYGA LN 152.19 $17,798.67
05278C107 AUTOHOME INC-ADR CN ATHM 155.88 $12,957.93
053332102 AUTOZONE INC US AZO 187.85 $203,745.98
053484101 AVALONBAY COMMUNITIES INC US AVB 124.93 $26,900.80
054937107 BB&T CORP US BBT 58.43 $3,118.44
05722G100 BAKER HUGHES A GE CO US BHGE 95.59 $2,217.68
060505104 BANK OF AMERICA CORP US BAC 383.47 $11,185.68
06051GFM6 BANK OF AMERICA CORP 4.00000 01/22/2025 US 163,022.21 $173,102.66
0682538 PERSIMMON PLC GB PSN LN 292.53 $7,801.66
084670702 BERKSHIRE HATHAWAY INC-CL B US BRK/B 3,899.4 $811,153.67
086516101 BEST BUY INC US BBY 38.03 $2,623.94
0870612 LLOYDS BANKING GROUP PLC GB LLOY LN 14,155.95 $9,384.22
0878230 TAYLOR WIMPEY PLC GB TW/ LN 2,194.42 $4,355.75
09061G101 BIOMARIN PHARMACEUTICAL INC US BMRN 2,867.71 $193,283.81
0922320 SMITH & NEPHEW PLC GB SN/ LN 801.24 $19,295.25
09247X101 BLACKROCK INC US BLK 1,017.42 $453,400.89
0946580 WEIR GROUP PLC/THE GB WEIR LN 947.61 $16,599.86
097023105 BOEING CO US BA 35.92 $13,664.96
09857L108 BOOKING HOLDINGS INC US BKNG 152.78 $299,841.88
101121101 BOSTON PROPERTIES INC US BXP 140.99 $18,280.89
101137107 BOSTON SCIENTIFIC CORP US BSX 4,653.35 $189,344.76
105368203 BRANDYWINE REALTY TRUST US BDN 964.16 $14,607.08
110122108 BRISTOL MYERS SQUIBB CO US BMY 129.02 $6,542.57
110448107 BRITISH AMERICAN TOB-SP ADR GB BTI 200.6 $7,402.30
11135F101 BROADCOM INC US AVGO 28.83 $7,957.87
11680JAA0 BRUIN E&P PARTNERS LLC 8.87500 08/01/2023 US 3,212.55 $2,401.38
12429TAE4 BWAY HOLDING CO 7.25000 04/15/2025 US 3,212.55 $3,036.82
124847AC8 ENTERCOM MEDIA CORP 7.25000 11/01/2024 US 2,528.22 $2,616.71
12503M108 CBOE GLOBAL MARKETS INC US CBOE 3,250.98 $373,570.02
12510GAB8 CCG 2019-1 A2 2.80000 09/14/2026 US 104,017.58 $104,912.53
125269100 CF INDUSTRIES HOLDINGS INC US CF 4,799.45 $236,133.15
12527GAB9 CF INDUSTRIES INC 7.12500 05/01/2020 US 3,212.55 $3,300.89
12541W209 C.H. ROBINSON WORLDWIDE INC US CHRW 25.6 $2,170.50
12555DAA3 CIM 2019-INV1 A1 4.00000 02/25/2049 US 20,306.99 $20,818.94
12572Q105 CME GROUP INC US CME 1,819.3 $384,490.56
12596JAA1 CNH 2019-A A1 2.75334 02/28/2020 US 11,954.81 $11,957.19
12646XAH5 CSMC 2013-IVR3 A1 2.50000 05/25/2043 US 26,152.06 $25,852.93
12648TAA7 CSMC 2014-IVR3 A1 3.50000 07/25/2044 US 46,256.82 $46,971.58
126650100 CVS HEALTH CORP US CVS 106.41 $6,711.26
12686CBA6 CABLEVISION SYSTEMS CORP 8.00000 04/15/2020 US 3,212.55 $3,304.91
131477AT8 CALUMET SPECIALTY PROD 11.00000 04/15/2025 US 5,740.77 $5,740.77
133131102 CAMDEN PROPERTY TRUST US CPT 125.61 $13,944.25
13321L108 CAMECO CORP CA CCJ 1,309.73 $12,442.48
149123101 CATERPILLAR INC US CAT 44.25 $5,589.17
14980AAA0 CAZENOVIA CREEK FUNDING LLC 3.56070 07/15/2030 US 38,163.28 $38,335.62
156700AW6 CENTURYLINK INC 5.62500 04/01/2020 US 3,212.55 $3,257.04
165183BB9 CFII 2017-4A A1 2.12000 11/15/2029 US 40,679.84 $40,667.35
166764100 CHEVRON CORP US CVX 90.62 $10,747.16
17275R102 CISCO SYSTEMS INC US CSCO 267.25 $13,204.66
172967424 CITIGROUP INC US C 112.12 $7,745.26
172967EW7 CITIGROUP INC 8.12500 07/15/2039 US 57,711.7 $94,617.92
191216100 COCA COLA CO/THE US KO 15,626.82 $850,724.15
192422103 COGNEX CORP US CGNX 3,837.3 $188,526.57
194162103 COLGATE-PALMOLIVE CO US CL 2,654.12 $195,104.56
2011646 ALIMENTATION COUCHE-TARD -B CA ATD/B CN 581.15 $17,809.31
20369C106 COMMUNITY HEALTHCARE TRUST I US CHCT 236.53 $10,537.46
205887102 CONAGRA BRAND INC. US CAG 62.16 $1,907.07
222795502 COUSINS PROPERTIES INC US CUZ 633.45 $23,811.53
22546QAD9 CREDIT SUISSE AG 5.40000 01/14/2020 CH 134,280.51 $135,468.32
22822V101 CROWN CASTLE INTL CORP US CCI 86.32 $11,999.43
228368106 CROWN HOLDINGS INC US CCK 3,025.31 $199,852.27
229663109 CUBESMART US CUBE 111.6 $3,894.94
231021106 CUMMINS INC US CMI 19.75 $3,213.44
2328595 BANCO DO BRASIL S.A. BR BBAS3 BZ 782.8 $8,591.11
2347608 FIRST QUANTUM MINERALS LTD CA FM CN 495.99 $4,166.78
2458771 ITAUSA INVESTIMENTOS ITAU -PR BR ITSA4 BZ 3,006.88 $9,581.59
2521800 LOBLAW COMPANIES LTD CA L CN 345.36 $19,670.76
25271C102 DIAMOND OFFSHORE DRILLING US DO 12,325.05 $68,527.30
253868103 DIGITAL REALTY TRUST INC US DLR 98.28 $12,757.39
25470DAT6 DISCOVERY COMMUNICATIONS 5.20000 09/20/2047 US 116,792.05 $127,706.39
256677105 DOLLAR GENERAL CORP US DG 2,554.53 $406,016.93
256746108 DOLLAR TREE STORES INC US DLTR 4,111.83 $469,406.53
25787GAC4 DONNELLEY FINANCIAL SOL 8.25000 10/15/2024 US 3,212.55 $3,333.02
25960P109 DOUGLAS EMMETT INC US DEI 279.24 $11,960.05
260557103 DOW INC US DOW 61.65 $2,937.84
26151AAA7 DRAX FINCO PLC 6.62500 11/01/2025 GB 27,373.05 $28,467.97
26780TAA5 DYNAGAS LNG PARTNERS/FIN 6.25000 10/30/2019 MH 17,169.07 $17,181.09
269246401 ETRADE FINANCIAL CORP US ETFC 3,385.32 $147,904.51
2715777 QUEBECOR INC -CL B CA QBR/B CN 10,226.07 $232,177.37
277432100 EASTMAN CHEM CO US EMN 23.99 $1,771.15
2801836 SHAW COMMUNICATIONS INC-B CA SJR/B CN 11,948.9 $234,766.06
285512109 ELECTRONIC ARTS US EA 5,853.04 $572,544.78
2866857 LUNDIN MINING CORP CA LUN CN 13,671.86 $64,290.82
291011104 EMERSON ELEC CO US EMR 67 $4,479.36
29273RAR0 ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 US 82,879.76 $99,412.72
29444U700 EQUINIX INC US EQIX 864.82 $498,830.77
2945422 WEG SA BR WEGE3 BZ 658.48 $3,851.08
29472R108 EQUITY LIFESTYLE PROPERTIES US ELS 80.58 $10,765.47
29476L107 EQUITY RESIDENTIAL US EQR 235.37 $20,303.14
29670E107 ESSENTIAL PROPERTIES REALTY US EPRT 369.87 $8,473.70
297178105 ESSEX PROPERTY TRUST INC US ESS 55.09 $17,994.67
302154BV0 EXPORT-IMPORT BANK KOREA 2.62500 12/30/2020 KR 68,432.62 $68,798.19
30225T102 EXTRA SPACE STORAGE INC US EXR 54.4 $6,355.50
30287EAE0 FREMF 2014-K41 B FLT 3.96287 11/25/2047 US 66,379.64 $70,628.12
30291XAE2 FREMF 2014-K715 B FLT 4.11215 02/25/2046 US 64,463.53 $65,698.44
30303M102 FACEBOOK INC -A US FB 3,120.54 $555,704.98
30744W107 FARFETCH LTD - CLASS A GB FTCH 214.2 $1,850.65
311900104 FASTENAL CO US FAST 76.8 $2,509.21
3128M6NC8 FHLM POOL G04587 5.50000 08/01/2038 US 21,848.76 $24,642.10
3128M6NS3 FHLM POOL G04601 5.50000 07/01/2038 US 22,068.42 $24,575.27
3128P75X7 FHLM POOL C91762 4.50000 05/01/2034 US 19,777 $21,291.83
3128P76G3 FHLM POOL C91771 4.50000 06/01/2034 US 16,695.53 $17,973.57
3128P76R9 FHLM POOL C91780 4.50000 07/01/2034 US 22,323.76 $24,032.25
3131XVYW9 FEDERAL NATL MTG ASSN FR ZM2525 3.00000 12/01/2046 US 55,123.14 $56,397.76
3131YBKP2 FEDERAL NATL MTG ASSN FN ZN4802 4.00000 04/01/2049 US 108,349.91 $112,666.39
3132QQFU1 FHLM POOL Q33778 4.00000 06/01/2045 US 31,450.41 $33,219.23
3132Y33P7 FHLM POOL FG Q59805 4.50000 11/01/2048 US 45,254.19 $47,824.33
31335CCY8 FHLM POOL FG G61887 MTGE 5.00000 02/01/2049 US 50,191.54 $53,803.62
3133G6L60 FEDERAL NATL MTG ASSN FR QN0349 3.00000 08/01/2034 US 58,594.64 $59,914.88
3134865 BARCLAYS PLC GB BARC LN 5,085.61 $9,370.19
3136AY6W8 FNA 2017-M15 A1 3.05802 09/25/2027 US 53,333.66 $55,855.37
3136B1YD0 FNR 2018-31 KP 3.50000 07/25/2047 US 39,596.39 $41,623.77
313747206 FEDERAL RLTY INVT TR SH BEN INT US FRT 28.7 $3,907.74
3137AME78 FHMS K017 X1 FLT 1.44538 12/25/2021 US 781,406.65 $18,107.15
3137F4YU0 FHR 4791 BA MTGE 4.00000 03/15/2044 US 42,723.57 $43,545.86
3137FG2L8 FHR 4801 BA MTGE 4.50000 05/15/2044 US 39,285.47 $40,151.68
3138EGHT4 FEDERAL NATL MTG ASSN AL0241 4.00000 04/01/2041 US 37,396.16 $39,948.81
3138EHR87 FEDERAL NATL MTG ASSN AL1410 4.50000 12/01/2041 US 52,672.5 $57,076.21
3138EQST0 FEDERAL NATL MTG ASSN AL7729 4.00000 06/01/2043 US 29,975.18 $32,014.36
3138ERN30 FEDERAL NATL MTG ASSN FN AL9409 3.50000 11/01/2031 US 47,309.29 $49,096.05
3138ETT89 FEDERAL NATL MTG ASSN AL8674 FLT 5.64300 01/01/2049 US 61,793.24 $69,479.68
3138WDAY7 FEDERAL NATL MTG ASSN FN AS3622 3.50000 10/01/2044 US 139,289.24 $146,301.73
3138WDRZ6 FEDERAL NATL MTG ASSN AS4103 4.50000 12/01/2044 US 30,347.36 $32,694.25
3140H2PH5 FEDERAL NATL MATG ASSN FN BJ1323 3.50000 11/01/2047 US 131,630.12 $137,203.13
3140HPMQ7 FEDERAL NATIONAL MTGE FN BK9366 4.50000 08/01/2048 US 25,811.65 $27,203.74
3140JGVQ5 FEDERAL NATL MTG ASSN FN BN0622 4.50000 01/01/2049 US 79,736.82 $84,187.16
3140Q84E2 FEDERAL NATL MTG ASSN FN CA1720 5.00000 05/01/2048 US 62,002.55 $66,650.34
3140Q9D42 FEDERAL NATL MTG ASSN FN CA1922 5.00000 06/01/2048 US 61,439.66 $66,017.37
3140Q9JA2 FEDERAL NATL MTGE ASSN FN CA2056 4.50000 07/01/2048 US 66,843.74 $70,772.92
3140Q9PD9 FEDERAL NATL MTG ASSN FN CA2219 5.00000 08/01/2048 US 48,656.8 $52,282.19
3140X4JC1 FEDERAL NATL MTG ASSN FM1158 3.50000 06/01/2034 US 90,788.17 $93,919.08
31410GCD3 FEDERAL NATL MTG ASSN 888468 5.50000 09/01/2021 US 2,377.05 $2,410.72
31410GN33 FEDERAL NATL MTG ASSN 888810 5.50000 11/01/2022 US 2,873.89 $2,911.84
31417YJC2 FEDERAL NATL MTG ASSN MA0258 4.50000 12/01/2039 US 21,353.22 $23,121.14
31418BBC9 FEDERAL NATL MTG ASSN MA1834 4.50000 02/01/2034 US 29,107.68 $31,291.80
31418C4F8 FEDERAL NATL MTG ASSN FN MA3521 4.00000 11/01/2048 US 107,455.71 $111,694.82
31418C4M3 FEDERAL NATL MTG ASSN FN MA3527 5.00000 11/01/2048 US 104,485.46 $111,796.85
31418CAF1 FEDERAL NATL MTG ASSN FN MA2705 3.00000 08/01/2046 US 40,223.12 $41,196.10
31418CYJ7 FEDERAL NATL MTG ASSN FN MA3412 3.50000 07/01/2038 US 90,680.5 $93,894.72
31418CZH0 FEDERAL NATL MTG ASSN FN MA3443 4.00000 08/01/2048 US 48,534.28 $50,361.86
31418DC67 FEDERAL NATL MTG ASSN FN MA3692 3.50000 07/01/2049 US 124,900.65 $128,483.94
31418MGR7 FEDERAL NATL MTG ASSN AD0207 6.00000 10/01/2038 US 25,125.55 $28,902.67
31418MKV3 FEDERAL NATL MTG ASSN AD0307 5.50000 01/01/2039 US 15,691.89 $17,704.80
315786AC7 FIDELITY & GUARA NTY LIFE 5.50000 05/01/2025 US 3,212.55 $3,445.46
316773100 FIFTH THIRD BANCORP US FITB 89.88 $2,460.90
32054K103 FIRST INDUSTRIAL REALTY TR US FR 187.54 $7,419.26
33834YAA6 FIVE POINT OP CO LP/FIVE 7.87500 11/15/2025 US 5,740.77 $5,826.88
346232AD3 FORESTAR GROUP INC 8.00000 04/15/2024 US 3,212.55 $3,469.55
34960PAB7 FORTRESS TRANS & INFRAST 6.50000 10/01/2025 US 5,740.77 $5,898.64
35671D857 FREEPORT-MCMORAN INC US FCX 12,620.74 $120,780.52
36166LAA5 GEMS MENASA KY LTD/GEMS 7.12500 07/31/2026 AE 14,009.76 $14,447.56
36246MAT6 GTP AQUISITION PARTNERS 2.35000 06/15/2020 US 16,834.42 $16,827.14
364760108 GAP INC US GPS 69.11 $1,199.81
369550108 GENERAL DYNAMICS CORP US GD 20.63 $3,769.50
369604BQ5 GENERAL ELECTRIC CO 5.00000 01/21/2021 US 110,366.96 $104,253.73
370334104 GENERAL MLS INC US GIS 73.58 $4,055.78
37045XAR7 GENERAL MOTORS FINL CO 3.15000 01/15/2020 US 102,648.93 $102,801.43
372460105 GENUINE PARTS CO US GPC 23.85 $2,375.50
374297109 GETTY REALTY CORP US GTY 216.72 $6,948.15
375558103 GILEAD SCIENCES INC US GILD 114.98 $7,287.13
37960JAA6 GLOBAL AIR LEASE CO LTD 6.50000 09/15/2024 KY 6,900.34 $6,986.59
38141GVR2 GOLDMAN SACHS GROUP INC 4.25000 10/21/2025 US 54,023.91 $57,811.12
38379RRX3 GNR 2017-54 AH MTGE 2.60000 12/16/2056 US 65,999.93 $66,446.40
400506101 GRUPO AEROPORTUARIO PAC-ADR MX PAC 55.74 $5,379.54
4012250 AIRBUS SE FR AIR FP 113.05 $14,676.87
4031879 VEOLIA ENVIRONMENT FR VIE FP 115.58 $2,927.74
404119BX6 HCA INC 4.12500 06/15/2029 US 89,723.02 $94,091.22
404139AD9 HC2 HOLDINGS INC 11.50000 12/01/2021 US 2,528.22 $2,224.83
40414L109 HCP INC US HCP 458.58 $16,339.10
4057808 L'OREAL FR OR FP 51.57 $14,423.12
4061412 LVMH MOET HENNESSY LOUIS VUITTON FR MC FP 49.04 $19,458.66
406216101 HALLIBURTON CO US HAL 19,623.71 $369,907.01
4162791 THALES SA FR HO FP 13.12 $1,507.74
4163437 CAPGEMINI FR CAP FP 31.08 $3,659.73
416515104 HARTFORD FINL SVCS US HIG 36.42 $2,207.52
421946104 HEALTHCARE REALTY TRUST INC US HR 328.27 $10,997.02
42225P501 HEALTHCARE TRUST OF AMERICA US HTA 211.72 $6,220.45
427866108 HERSHEY CO/THE US HSY 25.23 $3,910.83
43300A203 HILTON WORLDWIDE HOLDINGS INC US HLT 54.2 $5,046.11
437076102 HOME DEPOT INC US HD 71.23 $16,527.09
438516106 HONEYWELL INTERNATIONAL INC US HON 53.09 $8,982.64
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B1Z9Q99 ABOITIZ POWER CORP PH AP PM 7,750.05 $5,730.61
B247XZ6 MANILA ELECTRIC COMPANY PH MER PM 741.4 $5,289.24
B3NB1P2 SUNCOR ENERGY INC CA SU CN 472.26 $14,896.74
B3ZCNF7 TELEFONICA BRASIL S.A. - PREF BR VIVT4 BZ 322.4 $4,259.87
B3ZD2V9 MEX BONOS DESARR FIX RT 6.50000 06/10/2021 MX 121,536.33 $6,137.48
B4888C1 CANADIAN GOVERNMENT FLT 2.75000 06/01/2022 CA 13,960.25 $10,874.74
B4975P9 MAGAZINE LUIZA SA BR MGLU3 BZ 372.96 $3,315.84
B4JSTL6 WYNN MACAU LTD MO 1128 HK 5,765.11 $11,234.31
B4NDCC9 MEX BONOS DESARR FIX RT 6.50000 06/09/2022 MX 197,496.54 $9,954.99
B4P8HQ1 MGM CHINA HOLDINGS LTD MO 2282 HK 5,267.83 $8,202.08
B4R2R50 JULIUS BAER CH BAER SW 3,352.62 $148,490.42
B4V5RY4 BANCO SANTANDER BRASIL - UNIT BR SANB11 BZ 336.08 $3,677.14
B5B23W2 SANDS CHINA LTD MO 1928 HK 2,633.92 $11,901.82
B5VJH76 BDO UNIBANK INC PH BDO PM 2,868.87 $7,914.99
B615Y14 MEX BONOS DESARR FIX RT 8.00000 06/11/2020 MX 285,637.76 $14,582.96
B63QM77 NEXON CO LTD JP 3659 JP 39,651.54 $481,773.12
B6TC406 MEX BONOS DESARR FIX RT 7.75000 05/29/2031 MX 38,048.54 $2,042.83
B725S29 PUREGOLD PRICE CLUB INC PH PGOLD PM 2,752.91 $2,073.60
B7FQV64 RAIA DROGASIL S.A. BR RADL3 BZ 161.2 $3,719.05
B7T7721 ROYAL BANK OF SCOTLAND GB RBS LN 2,184.65 $5,568.41
B92RW83 LT GROUP INC PH LTG PM 8,470.5 $2,278.19
B9N3SQ0 BB SEGURIDADE PARTICIPACOES BR BBSE3 BZ 571.04 $4,834.97
BB22L96 KION GROUP AG DE KGX GR 193.17 $10,158.73
BBG00ND15VD4 SNE US 10/18/19 P55 JP -13.55 -$67.75
BBG00Q0BJS32 CME US 10/18/19 P190 US -3.83 -$134.13
BBG00Q4JGRN4 MU US 10/11/2019 P43.5 US -17.25 -$2,690.22
BBQ3850 KEYWORDS STUDIOS PLC IE KWS LN 233 $3,281.47
BD4TZK8 OCI NV NL OCI NA 160.3 $3,780.88
BD9Y5C0 TECHNOGYM SPA IT TGYM IM 1,436.01 $15,962.59
BD9Y9B7 BASIC-FIT NV NL BFIT NA 450.35 $14,108.22
BF1K7P7 ESSITY AKTIEBOLAG-B SE ESSITYB SS 595.63 $17,379.67
BFTCYP4 ROBINSONS RETAIL HOLDINGS IN PH RRHI PM 1,729.19 $2,635.66
BG36ZK1 B3 SA-BRASIL BOLSA BALCAO BR B3SA3 BZ 1,068.32 $11,266.96
BG7ZWY7 AMBEV SA BR ABEV3 BZ 2,795.11 $12,916.21
BGHQ198 HIBERNIA REIT PLC IE HBRN ID 3,794.53 $6,079.72
BH3T8K8 ORBIA ADVANCE CORP SAB DE CV MX 5,638.89 $11,052.62
BH4TZ73 FU SHOU YUAN INTERNATIONAL CN 1448 HK 9,576.84 $8,462.30
BJ2KSG2 AKZO NOBEL NL AKZA NA 2,684 $239,152.16
BJT1GR5 ALCON INC CH ALC SW 149.2 $8,702.57
BMJ6DW5 INFORMA PLC GB INF LN 1,715.94 $17,970.84
BMMV2K8 TENCENT HOLDINGS LTD CN 700 HK 15,059.05 $629,888.98
BMTRW10 B&M EUROPEAN VALUE RETAIL SA GB BME LN 1,558.07 $7,264.77
BNGN9Z1 FINECOBANK SPA IT FBK IM 13,401.2 $141,785.92
BP9DL90 INDUSTRIA DE DISENO TEXTIL ES ITX SM 12,932.27 $400,223.96
BSQXJ01 THULE GROUP AB/THE SE THULE SS 967.7 $18,315.57
BVSS790 ELIS SA FR ELIS FP 94.28 $1,666.27
BYW0PQ6 LAND SECURITIES GROUP PLC GB LAND LN 674.35 $7,102.26
BYXS699 QIAGEN N.V. NL QIA GR 327.83 $10,736.14
BYXZ2W5 RUMO SA BR RAIL3 BZ 796.49 $4,708.04
BYYHL23 ANHEUSER-BUSCH INBEV SA/NV BE ABI BB 5,248.65 $499,565.62
BYZFZ91 SOPHOS GROUP PLC GB SOPH LN 2,401.05 $11,825.64
BYZR014 AMUNDI SA FR AMUN FP 65.48 $4,560.89
G0750C108 AXALTA COATING SYSTEMS LTD US AXTA 5,270.24 $158,897.71
G0772R208 BANK OF N.T. BUTTERFIELD&SON BM NTB 336.31 $9,968.26
G25839104 COCA-COLA EUROPEAN PARTNERS GB CCEP 319.81 $17,733.52
G29183103 EATON CORP PLC US ETN 48.72 $4,050.80
G37585AC3 GASLOG LTD 8.87500 03/22/2022 BM 3,212.55 $3,324.99
G45667105 HOLLYSYS AUTOMATION TECHNOLOGIES CN HOLI 399.39 $6,066.69
G51502105 JOHNSON CONTROLS INTERNATIONAL US JCI 92.37 $4,053.93
G5960L103 MEDTRONIC INC IE MDT 8,792.14 $955,001.79
G97822103 PERRIGO CO PLC IE PRGO 284.62 $15,907.69
H01301128 ALCON INC CH ALC 4,072.84 $237,405.96
H1467J104 CHUBB LTD CH CB 29.84 $4,816.86
H8817H100 TRANSOCEAN LTD US RIG 32,368.04 $144,685.12
N22717107 CORE LABORATORIES N.V. NL CLB 5,025.74 $234,300.01
N47279109 INTERXION HOLDING NV NL INXN 4,668.33 $380,282.12
N53745100 LYONDELLBASELL INDU-CL A US LYB 44.76 $4,004.25
N72482123 QIAGEN N.V. ADR NL QGEN 5,513.75 $181,788.25
USD US DOLLAR US 797,602.29 $797,602.29

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 R Distribution History
  • 2019 Distribution Calendar
  • Fourth Quarter 2018 Distributions
  • 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

$10.15

Daily $ Change

$0.00

Daily % Change

0.00%

as of 10/14/2019

Ticker

MTTRX

CUSIP

56382P781

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 56% - 86%.

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 09/30/2019

YTD

17.09%

1 Year

4.62%

3 Year

8.31%

5 Year

5.52%

10 Year

8.11%

Inception
(03/28/2008)

6.28%

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 1.36%
Net 1.25%*

*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 09/30/2019

TREASURY NOTES 10.65%
TREASURY BONDS 5.19%
GOVERNMENT AGENCY 4.21%
MEDTRONIC INC 1.87%
MASTERCARD INC-CLASS A 1.69%
JOHNSON & JOHNSON 1.68%
COCA COLA CO/THE 1.67%
MONDELEZ INTERNATIONAL INC 1.63%
BERKSHIRE HATHAWAY INC-CL B 1.59%
MICROSOFT CORP 1.50%

Top Ten Investments list is unaudited and excludes cash

Asset Allocation

As of 09/30/2019

Stocks
67.83%
Bonds
30.63%
Cash
1.54%

Detailed Asset Class Allocation

As of 09/30/2019

International Equities
24.35%
Small Capitalization
1.37%
Mid Capitalization
1.48%
Large Capitalization
40.64%
Long Term Fixed Income
9.02%
Intermediate Term Fixed Income
18.30%
Short Term Fixed Income
3.30%
Cash
1.54%

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

September Fund Holdings

As of 09/30/2019

CUSIP Security Description Country Ticker Shares/Par Market Value (USD)
00101JAK2 ADT SEC CORP 6.25000 10/15/2021 US 3,212.55 $3,421.36
00206RDQ2 AT&T INC 4.25000 03/01/2027 US 108,998.3 $118,591.68
00287Y109 ABBVIE INC US ABBV 117.09 $8,866.28
004239109 ACADIA REALTY TRUST US AKR 127.87 $3,654.66
00489LAA1 ACRISURE LLC / FIN INC 7.00000 11/15/2025 US 3,212.55 $2,995.06
00507V109 ACTIVISION INC US ATVI 9,304.21 $492,378.72
00751Y106 ADVANCE AUTO PARTS INC US AAP 1,590.93 $263,139.50
00774MAG0 AERCAP IRELAND CAP / GLOBA 4.45000 10/01/2025 IE 110,366.96 $117,650.01
00791GAA5 AG MERGER SUB II INC 10.75000 08/01/2027 US 3,212.55 $3,260.74
0081180 BARRATT DEVELOPMENTS PLC GB BDEV LN 995.52 $7,924.97
008492100 AGREE REALTY CORP US ADC 76 $5,559.30
013093AD1 ALBERTSONS COS LLC/SAFEW 5.75000 03/15/2025 US 3,212.55 $3,303.62
0136701 BRITISH LAND CO PLC GB BLND LN 1,194.38 $8,592.05
015271109 ALEXANDRIA REAL EST EQUITIES US ARE 29.39 $4,526.95
01609W102 ALIBABA GROUP - ADR CN BABA 134.01 $22,411.32
01609WAT9 ALIBABA GROUP HOLDING 3.40000 12/06/2027 KY 121,658.62 $126,623.14
020002101 ALLSTATE CORPORATION US ALL 27.72 $3,012.53
02079K107 ALPHABET INC-CL C US GOOG 337 $410,797.34
02079K305 ALPHABET INC-CL A US GOOGL 336.31 $410,682.85
02209S103 ALTRIA GROUP INC US MO 3,739.61 $152,949.99
023135106 AMAZON.COM INC US AMZN 295.59 $513,123.43
02319V103 AMBEV SA-ADR BR ABEV 64,154.09 $296,391.88
0237400 DIAGEO PLC GB DGE LN 7,198.91 $294,076.11
02376RAA0 AMERICAN AIRLINES GROUP 5.50000 10/01/2019 US 28,589.69 $28,589.69
02406PAR1 AMERICAN AXLE & MFG INC 6.25000 04/01/2025 US 2,528.22 $2,455.53
024835100 AMERICAN CAMPUS COMMUNITIES US ACC 211.72 $10,179.69
0263494 BAE SYSTEMS PLC GB BA/ LN 2,745.08 $19,224.51
02665T306 AMERICAN HOMES 4 RENT- A US AMH 756.03 $19,573.68
0287580 BRITISH AMERICAN TOBACCO PLC GB BATS LN 544.75 $20,117.54
03019LAA4 AMERICAN TANKER INC 9.25000 02/22/2022 US 8,953.32 $9,065.28
03027X100 AMERICAN TOWER REIT INC US AMT 1,957.17 $432,789.69
03027XAW0 AMERICAN TOWER CORP 3.80000 08/15/2029 US 122,266.66 $130,495.87
03064D108 AMERICOLD REALTY TRUST US COLD 396.11 $14,683.91
031162100 AMGEN INC US AMGN 51.71 $10,006.18
03690AAD8 ANTERO MIDSTREAM PART / FI 5.75000 03/01/2027 US 3,212.55 $2,678.46
03690AAF3 ANTERO MIDSTREAM PART/FI 5.75000 01/15/2028 US 3,212.55 $2,666.41
03748R754 APARTMENT INVT & MGMT CO -A US AIV 309.63 $16,144.25
038222105 APPLIED MATERIALS INC US AMAT 78.18 $3,901.42
039483102 ARCHER-DANIELS-MIDLAND CO US ADM 54.56 $2,240.94
03968AAA9 ARD SECURITIES FINANCE 8.75000 01/31/2023 LU 2,638.59 $2,730.94
0405207 HALMA PLC GB HLMA LN 431.01 $10,432.84
045086AF2 ASHTON WOODS USA/FINANCE 6.75000 08/01/2025 US 3,212.55 $3,204.52
0490656 KERRY GROUP PLC-A IE KYGA LN 152.19 $17,798.67
05278C107 AUTOHOME INC-ADR CN ATHM 155.88 $12,957.93
053332102 AUTOZONE INC US AZO 187.85 $203,745.98
053484101 AVALONBAY COMMUNITIES INC US AVB 124.93 $26,900.80
054937107 BB&T CORP US BBT 58.43 $3,118.44
05722G100 BAKER HUGHES A GE CO US BHGE 95.59 $2,217.68
060505104 BANK OF AMERICA CORP US BAC 383.47 $11,185.68
06051GFM6 BANK OF AMERICA CORP 4.00000 01/22/2025 US 163,022.21 $173,102.66
0682538 PERSIMMON PLC GB PSN LN 292.53 $7,801.66
084670702 BERKSHIRE HATHAWAY INC-CL B US BRK/B 3,899.4 $811,153.67
086516101 BEST BUY INC US BBY 38.03 $2,623.94
0870612 LLOYDS BANKING GROUP PLC GB LLOY LN 14,155.95 $9,384.22
0878230 TAYLOR WIMPEY PLC GB TW/ LN 2,194.42 $4,355.75
09061G101 BIOMARIN PHARMACEUTICAL INC US BMRN 2,867.71 $193,283.81
0922320 SMITH & NEPHEW PLC GB SN/ LN 801.24 $19,295.25
09247X101 BLACKROCK INC US BLK 1,017.42 $453,400.89
0946580 WEIR GROUP PLC/THE GB WEIR LN 947.61 $16,599.86
097023105 BOEING CO US BA 35.92 $13,664.96
09857L108 BOOKING HOLDINGS INC US BKNG 152.78 $299,841.88
101121101 BOSTON PROPERTIES INC US BXP 140.99 $18,280.89
101137107 BOSTON SCIENTIFIC CORP US BSX 4,653.35 $189,344.76
105368203 BRANDYWINE REALTY TRUST US BDN 964.16 $14,607.08
110122108 BRISTOL MYERS SQUIBB CO US BMY 129.02 $6,542.57
110448107 BRITISH AMERICAN TOB-SP ADR GB BTI 200.6 $7,402.30
11135F101 BROADCOM INC US AVGO 28.83 $7,957.87
11680JAA0 BRUIN E&P PARTNERS LLC 8.87500 08/01/2023 US 3,212.55 $2,401.38
12429TAE4 BWAY HOLDING CO 7.25000 04/15/2025 US 3,212.55 $3,036.82
124847AC8 ENTERCOM MEDIA CORP 7.25000 11/01/2024 US 2,528.22 $2,616.71
12503M108 CBOE GLOBAL MARKETS INC US CBOE 3,250.98 $373,570.02
12510GAB8 CCG 2019-1 A2 2.80000 09/14/2026 US 104,017.58 $104,912.53
125269100 CF INDUSTRIES HOLDINGS INC US CF 4,799.45 $236,133.15
12527GAB9 CF INDUSTRIES INC 7.12500 05/01/2020 US 3,212.55 $3,300.89
12541W209 C.H. ROBINSON WORLDWIDE INC US CHRW 25.6 $2,170.50
12555DAA3 CIM 2019-INV1 A1 4.00000 02/25/2049 US 20,306.99 $20,818.94
12572Q105 CME GROUP INC US CME 1,819.3 $384,490.56
12596JAA1 CNH 2019-A A1 2.75334 02/28/2020 US 11,954.81 $11,957.19
12646XAH5 CSMC 2013-IVR3 A1 2.50000 05/25/2043 US 26,152.06 $25,852.93
12648TAA7 CSMC 2014-IVR3 A1 3.50000 07/25/2044 US 46,256.82 $46,971.58
126650100 CVS HEALTH CORP US CVS 106.41 $6,711.26
12686CBA6 CABLEVISION SYSTEMS CORP 8.00000 04/15/2020 US 3,212.55 $3,304.91
131477AT8 CALUMET SPECIALTY PROD 11.00000 04/15/2025 US 5,740.77 $5,740.77
133131102 CAMDEN PROPERTY TRUST US CPT 125.61 $13,944.25
13321L108 CAMECO CORP CA CCJ 1,309.73 $12,442.48
149123101 CATERPILLAR INC US CAT 44.25 $5,589.17
14980AAA0 CAZENOVIA CREEK FUNDING LLC 3.56070 07/15/2030 US 38,163.28 $38,335.62
156700AW6 CENTURYLINK INC 5.62500 04/01/2020 US 3,212.55 $3,257.04
165183BB9 CFII 2017-4A A1 2.12000 11/15/2029 US 40,679.84 $40,667.35
166764100 CHEVRON CORP US CVX 90.62 $10,747.16
17275R102 CISCO SYSTEMS INC US CSCO 267.25 $13,204.66
172967424 CITIGROUP INC US C 112.12 $7,745.26
172967EW7 CITIGROUP INC 8.12500 07/15/2039 US 57,711.7 $94,617.92
191216100 COCA COLA CO/THE US KO 15,626.82 $850,724.15
192422103 COGNEX CORP US CGNX 3,837.3 $188,526.57
194162103 COLGATE-PALMOLIVE CO US CL 2,654.12 $195,104.56
2011646 ALIMENTATION COUCHE-TARD -B CA ATD/B CN 581.15 $17,809.31
20369C106 COMMUNITY HEALTHCARE TRUST I US CHCT 236.53 $10,537.46
205887102 CONAGRA BRAND INC. US CAG 62.16 $1,907.07
222795502 COUSINS PROPERTIES INC US CUZ 633.45 $23,811.53
22546QAD9 CREDIT SUISSE AG 5.40000 01/14/2020 CH 134,280.51 $135,468.32
22822V101 CROWN CASTLE INTL CORP US CCI 86.32 $11,999.43
228368106 CROWN HOLDINGS INC US CCK 3,025.31 $199,852.27
229663109 CUBESMART US CUBE 111.6 $3,894.94
231021106 CUMMINS INC US CMI 19.75 $3,213.44
2328595 BANCO DO BRASIL S.A. BR BBAS3 BZ 782.8 $8,591.11
2347608 FIRST QUANTUM MINERALS LTD CA FM CN 495.99 $4,166.78
2458771 ITAUSA INVESTIMENTOS ITAU -PR BR ITSA4 BZ 3,006.88 $9,581.59
2521800 LOBLAW COMPANIES LTD CA L CN 345.36 $19,670.76
25271C102 DIAMOND OFFSHORE DRILLING US DO 12,325.05 $68,527.30
253868103 DIGITAL REALTY TRUST INC US DLR 98.28 $12,757.39
25470DAT6 DISCOVERY COMMUNICATIONS 5.20000 09/20/2047 US 116,792.05 $127,706.39
256677105 DOLLAR GENERAL CORP US DG 2,554.53 $406,016.93
256746108 DOLLAR TREE STORES INC US DLTR 4,111.83 $469,406.53
25787GAC4 DONNELLEY FINANCIAL SOL 8.25000 10/15/2024 US 3,212.55 $3,333.02
25960P109 DOUGLAS EMMETT INC US DEI 279.24 $11,960.05
260557103 DOW INC US DOW 61.65 $2,937.84
26151AAA7 DRAX FINCO PLC 6.62500 11/01/2025 GB 27,373.05 $28,467.97
26780TAA5 DYNAGAS LNG PARTNERS/FIN 6.25000 10/30/2019 MH 17,169.07 $17,181.09
269246401 ETRADE FINANCIAL CORP US ETFC 3,385.32 $147,904.51
2715777 QUEBECOR INC -CL B CA QBR/B CN 10,226.07 $232,177.37
277432100 EASTMAN CHEM CO US EMN 23.99 $1,771.15
2801836 SHAW COMMUNICATIONS INC-B CA SJR/B CN 11,948.9 $234,766.06
285512109 ELECTRONIC ARTS US EA 5,853.04 $572,544.78
2866857 LUNDIN MINING CORP CA LUN CN 13,671.86 $64,290.82
291011104 EMERSON ELEC CO US EMR 67 $4,479.36
29273RAR0 ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 US 82,879.76 $99,412.72
29444U700 EQUINIX INC US EQIX 864.82 $498,830.77
2945422 WEG SA BR WEGE3 BZ 658.48 $3,851.08
29472R108 EQUITY LIFESTYLE PROPERTIES US ELS 80.58 $10,765.47
29476L107 EQUITY RESIDENTIAL US EQR 235.37 $20,303.14
29670E107 ESSENTIAL PROPERTIES REALTY US EPRT 369.87 $8,473.70
297178105 ESSEX PROPERTY TRUST INC US ESS 55.09 $17,994.67
302154BV0 EXPORT-IMPORT BANK KOREA 2.62500 12/30/2020 KR 68,432.62 $68,798.19
30225T102 EXTRA SPACE STORAGE INC US EXR 54.4 $6,355.50
30287EAE0 FREMF 2014-K41 B FLT 3.96287 11/25/2047 US 66,379.64 $70,628.12
30291XAE2 FREMF 2014-K715 B FLT 4.11215 02/25/2046 US 64,463.53 $65,698.44
30303M102 FACEBOOK INC -A US FB 3,120.54 $555,704.98
30744W107 FARFETCH LTD - CLASS A GB FTCH 214.2 $1,850.65
311900104 FASTENAL CO US FAST 76.8 $2,509.21
3128M6NC8 FHLM POOL G04587 5.50000 08/01/2038 US 21,848.76 $24,642.10
3128M6NS3 FHLM POOL G04601 5.50000 07/01/2038 US 22,068.42 $24,575.27
3128P75X7 FHLM POOL C91762 4.50000 05/01/2034 US 19,777 $21,291.83
3128P76G3 FHLM POOL C91771 4.50000 06/01/2034 US 16,695.53 $17,973.57
3128P76R9 FHLM POOL C91780 4.50000 07/01/2034 US 22,323.76 $24,032.25
3131XVYW9 FEDERAL NATL MTG ASSN FR ZM2525 3.00000 12/01/2046 US 55,123.14 $56,397.76
3131YBKP2 FEDERAL NATL MTG ASSN FN ZN4802 4.00000 04/01/2049 US 108,349.91 $112,666.39
3132QQFU1 FHLM POOL Q33778 4.00000 06/01/2045 US 31,450.41 $33,219.23
3132Y33P7 FHLM POOL FG Q59805 4.50000 11/01/2048 US 45,254.19 $47,824.33
31335CCY8 FHLM POOL FG G61887 MTGE 5.00000 02/01/2049 US 50,191.54 $53,803.62
3133G6L60 FEDERAL NATL MTG ASSN FR QN0349 3.00000 08/01/2034 US 58,594.64 $59,914.88
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91913Y100 VALERO ENERGY US VLO 47.98 $4,089.75
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92511U102 VERRA MOBILITY CORP US VRRM 28,731.79 $412,301.18
92532F100 VERTEX PHARMACEUTICALS INC US VRTX 910.07 $154,183.34
92553P201 VIACOM INC CL B US VIAB 60.04 $1,442.82
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931427108 WALGREENS BOOTS ALLIANCE INC US WBA 84.77 $4,688.61
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949746101 WELLS FARGO COMPANY US WFC 287.14 $14,483.23
95040Q104 WELLTOWER INC. US WELL 168.54 $15,277.72
958102105 WESTERN DIGITAL CORP US WDC 43.51 $2,595.06
96949LAD7 WILLIAMS PARTNERS LP 3.75000 06/15/2027 US 84,248.41 $87,019.10
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B1VZ0M2 HARGREAVES LANSDOWN PLC GB HL/ LN 213.69 $5,455.82
B1XFTL2 HEXAGON AB-B SHS SE HEXAB SS 215.51 $10,381.01
B1XH026 VINCI SA FR DG FP 165.78 $17,857.66
B1Y47Y7 GERRESHEIMER AG DE GXI GR 103.62 $7,429.50
B1Y9TB3 DANONE FR BN FP 471.52 $41,532.74
B1YXBJ7 AIR LIQUIDE FR AI FP 81.97 $11,665.69
B1Z9Q99 ABOITIZ POWER CORP PH AP PM 7,750.05 $5,730.61
B247XZ6 MANILA ELECTRIC COMPANY PH MER PM 741.4 $5,289.24
B3NB1P2 SUNCOR ENERGY INC CA SU CN 472.26 $14,896.74
B3ZCNF7 TELEFONICA BRASIL S.A. - PREF BR VIVT4 BZ 322.4 $4,259.87
B3ZD2V9 MEX BONOS DESARR FIX RT 6.50000 06/10/2021 MX 121,536.33 $6,137.48
B4888C1 CANADIAN GOVERNMENT FLT 2.75000 06/01/2022 CA 13,960.25 $10,874.74
B4975P9 MAGAZINE LUIZA SA BR MGLU3 BZ 372.96 $3,315.84
B4JSTL6 WYNN MACAU LTD MO 1128 HK 5,765.11 $11,234.31
B4NDCC9 MEX BONOS DESARR FIX RT 6.50000 06/09/2022 MX 197,496.54 $9,954.99
B4P8HQ1 MGM CHINA HOLDINGS LTD MO 2282 HK 5,267.83 $8,202.08
B4R2R50 JULIUS BAER CH BAER SW 3,352.62 $148,490.42
B4V5RY4 BANCO SANTANDER BRASIL - UNIT BR SANB11 BZ 336.08 $3,677.14
B5B23W2 SANDS CHINA LTD MO 1928 HK 2,633.92 $11,901.82
B5VJH76 BDO UNIBANK INC PH BDO PM 2,868.87 $7,914.99
B615Y14 MEX BONOS DESARR FIX RT 8.00000 06/11/2020 MX 285,637.76 $14,582.96
B63QM77 NEXON CO LTD JP 3659 JP 39,651.54 $481,773.12
B6TC406 MEX BONOS DESARR FIX RT 7.75000 05/29/2031 MX 38,048.54 $2,042.83
B725S29 PUREGOLD PRICE CLUB INC PH PGOLD PM 2,752.91 $2,073.60
B7FQV64 RAIA DROGASIL S.A. BR RADL3 BZ 161.2 $3,719.05
B7T7721 ROYAL BANK OF SCOTLAND GB RBS LN 2,184.65 $5,568.41
B92RW83 LT GROUP INC PH LTG PM 8,470.5 $2,278.19
B9N3SQ0 BB SEGURIDADE PARTICIPACOES BR BBSE3 BZ 571.04 $4,834.97
BB22L96 KION GROUP AG DE KGX GR 193.17 $10,158.73
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BBG00Q0BJS32 CME US 10/18/19 P190 US -3.83 -$134.13
BBG00Q4JGRN4 MU US 10/11/2019 P43.5 US -17.25 -$2,690.22
BBQ3850 KEYWORDS STUDIOS PLC IE KWS LN 233 $3,281.47
BD4TZK8 OCI NV NL OCI NA 160.3 $3,780.88
BD9Y5C0 TECHNOGYM SPA IT TGYM IM 1,436.01 $15,962.59
BD9Y9B7 BASIC-FIT NV NL BFIT NA 450.35 $14,108.22
BF1K7P7 ESSITY AKTIEBOLAG-B SE ESSITYB SS 595.63 $17,379.67
BFTCYP4 ROBINSONS RETAIL HOLDINGS IN PH RRHI PM 1,729.19 $2,635.66
BG36ZK1 B3 SA-BRASIL BOLSA BALCAO BR B3SA3 BZ 1,068.32 $11,266.96
BG7ZWY7 AMBEV SA BR ABEV3 BZ 2,795.11 $12,916.21
BGHQ198 HIBERNIA REIT PLC IE HBRN ID 3,794.53 $6,079.72
BH3T8K8 ORBIA ADVANCE CORP SAB DE CV MX 5,638.89 $11,052.62
BH4TZ73 FU SHOU YUAN INTERNATIONAL CN 1448 HK 9,576.84 $8,462.30
BJ2KSG2 AKZO NOBEL NL AKZA NA 2,684 $239,152.16
BJT1GR5 ALCON INC CH ALC SW 149.2 $8,702.57
BMJ6DW5 INFORMA PLC GB INF LN 1,715.94 $17,970.84
BMMV2K8 TENCENT HOLDINGS LTD CN 700 HK 15,059.05 $629,888.98
BMTRW10 B&M EUROPEAN VALUE RETAIL SA GB BME LN 1,558.07 $7,264.77
BNGN9Z1 FINECOBANK SPA IT FBK IM 13,401.2 $141,785.92
BP9DL90 INDUSTRIA DE DISENO TEXTIL ES ITX SM 12,932.27 $400,223.96
BSQXJ01 THULE GROUP AB/THE SE THULE SS 967.7 $18,315.57
BVSS790 ELIS SA FR ELIS FP 94.28 $1,666.27
BYW0PQ6 LAND SECURITIES GROUP PLC GB LAND LN 674.35 $7,102.26
BYXS699 QIAGEN N.V. NL QIA GR 327.83 $10,736.14
BYXZ2W5 RUMO SA BR RAIL3 BZ 796.49 $4,708.04
BYYHL23 ANHEUSER-BUSCH INBEV SA/NV BE ABI BB 5,248.65 $499,565.62
BYZFZ91 SOPHOS GROUP PLC GB SOPH LN 2,401.05 $11,825.64
BYZR014 AMUNDI SA FR AMUN FP 65.48 $4,560.89
G0750C108 AXALTA COATING SYSTEMS LTD US AXTA 5,270.24 $158,897.71
G0772R208 BANK OF N.T. BUTTERFIELD&SON BM NTB 336.31 $9,968.26
G25839104 COCA-COLA EUROPEAN PARTNERS GB CCEP 319.81 $17,733.52
G29183103 EATON CORP PLC US ETN 48.72 $4,050.80
G37585AC3 GASLOG LTD 8.87500 03/22/2022 BM 3,212.55 $3,324.99
G45667105 HOLLYSYS AUTOMATION TECHNOLOGIES CN HOLI 399.39 $6,066.69
G51502105 JOHNSON CONTROLS INTERNATIONAL US JCI 92.37 $4,053.93
G5960L103 MEDTRONIC INC IE MDT 8,792.14 $955,001.79
G97822103 PERRIGO CO PLC IE PRGO 284.62 $15,907.69
H01301128 ALCON INC CH ALC 4,072.84 $237,405.96
H1467J104 CHUBB LTD CH CB 29.84 $4,816.86
H8817H100 TRANSOCEAN LTD US RIG 32,368.04 $144,685.12
N22717107 CORE LABORATORIES N.V. NL CLB 5,025.74 $234,300.01
N47279109 INTERXION HOLDING NV NL INXN 4,668.33 $380,282.12
N53745100 LYONDELLBASELL INDU-CL A US LYB 44.76 $4,004.25
N72482123 QIAGEN N.V. ADR NL QGEN 5,513.75 $181,788.25
USD US DOLLAR US 797,602.29 $797,602.29

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 R Distribution History
  • 2019 Distribution Calendar
  • Fourth Quarter 2018 Distributions
  • 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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