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 64% - 91%.

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 2045
  • Who generally have time to withstand market volatility and can accept very 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

$13.33

Daily $ Change

-$0.01

Daily % Change

-0.08%

as of 10/14/2019

Ticker

MTURX

CUSIP

56382P294

Inception Date

06/25/2012

Investment Minimum

$2,000.00

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

Important Documents

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

Information on Underlying Investments

Blended Asset Series Prospectus
Blended Asset Series SAI
XBRL Blended Asset Series – 11/02/2017
Blended Asset Series Annual Report
Blended Asset Series Semi-Annual Report

The financial statements of the underlying investments should be read in conjunction with the Series’ financial statements. Beginning 10/16/2017, the underlying funds are the Manning & Napier Fund, Inc. Blended Asset Series. The Blended Asset Series are not currently available for direct investment.

Performance

As of 09/30/2019

YTD

18.46%

1 Year

4.07%

3 Year

9.09%

5 Year

6.08%

10 Year

---

Inception
(06/25/2012)

10.02%

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 2.06%
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 10.38%
TREASURY BONDS 3.52%
COCA COLA CO/THE 1.96%
MONDELEZ INTERNATIONAL INC 1.87%
GOVERNMENT AGENCY 1.85%
MEDTRONIC INC 1.84%
JOHNSON & JOHNSON 1.81%
BERKSHIRE HATHAWAY INC-CL B 1.77%
MASTERCARD INC-CLASS A 1.72%
SERVICENOW INC 1.64%

Top Ten Investments list is unaudited and excludes cash

Asset Allocation

As of 09/30/2019

Stocks 76.09%
Bonds 22.30%
Cash 1.61%

Detailed Asset Class Allocation

As of 09/30/2019

International Equities 25.98%
Small Capitalization 1.82%
Mid Capitalization 1.77%
Large Capitalization 46.52%
Long Term Fixed Income 5.59%
Intermediate Term Fixed Income 13.96%
Short Term Fixed Income 2.75%
Cash 1.61%

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 1,269.61 $1,352.13
00206RDQ2 AT&T INC 4.25000 03/01/2027 US 36,248.87 $39,439.28
00287Y109 ABBVIE INC US ABBV 57.81 $4,377.29
004239109 ACADIA REALTY TRUST US AKR 52.37 $1,496.60
00489LAA1 ACRISURE LLC / FIN INC 7.00000 11/15/2025 US 1,269.61 $1,183.65
00507V109 ACTIVISION INC US ATVI 4,609.85 $243,953.22
00751Y106 ADVANCE AUTO PARTS INC US AAP 1,130.56 $186,994.44
00774MAG0 AERCAP IRELAND CAP / GLOBA 4.45000 10/01/2025 IE 36,545.92 $38,957.57
00791GAA5 AG MERGER SUB II INC 10.75000 08/01/2027 US 1,269.61 $1,288.65
0081180 BARRATT DEVELOPMENTS PLC GB BDEV LN 496.41 $3,951.69
008492100 AGREE REALTY CORP US ADC 31.38 $2,295.15
013093AD1 ALBERTSONS COS LLC/SAFEW 5.75000 03/15/2025 US 1,269.61 $1,305.60
0136701 BRITISH LAND CO PLC GB BLND LN 595.43 $4,283.36
015271109 ALEXANDRIA REAL EST EQUITIES US ARE 12.1 $1,864.18
01609W102 ALIBABA GROUP - ADR CN BABA 66.86 $11,181.30
01609WAT9 ALIBABA GROUP HOLDING 3.40000 12/06/2027 KY 49,298.94 $51,310.68
020002101 ALLSTATE CORPORATION US ALL 13.69 $1,487.36
02079K107 ALPHABET INC-CL C US GOOG 171.59 $209,163.24
02079K305 ALPHABET INC-CL A US GOOGL 171.44 $209,349.07
02209S103 ALTRIA GROUP INC US MO 2,657.47 $108,690.63
023135106 AMAZON.COM INC US AMZN 152.3 $264,375.09
02319V103 AMBEV SA-ADR BR ABEV 39,620.24 $183,045.52
0237400 DIAGEO PLC GB DGE LN 3,745.4 $152,999.94
02376RAA0 AMERICAN AIRLINES GROUP 5.50000 10/01/2019 US 8,494.56 $8,494.56
02406PAR1 AMERICAN AXLE & MFG INC 6.25000 04/01/2025 US 1,121.08 $1,088.85
024835100 AMERICAN CAMPUS COMMUNITIES US ACC 88.31 $4,245.79
0263494 BAE SYSTEMS PLC GB BA/ LN 1,385.64 $9,703.97
02665T306 AMERICAN HOMES 4 RENT- A US AMH 310.61 $8,041.74
0287580 BRITISH AMERICAN TOBACCO PLC GB BATS LN 269.91 $9,967.61
03019LAA4 AMERICAN TANKER INC 9.25000 02/22/2022 US 3,660.29 $3,706.06
03027X100 AMERICAN TOWER REIT INC US AMT 1,117.9 $247,201.58
03027XAW0 AMERICAN TOWER CORP 3.80000 08/15/2029 US 40,273.36 $42,983.97
03064D108 AMERICOLD REALTY TRUST US COLD 164.96 $6,114.96
031162100 AMGEN INC US AMGN 25.53 $4,940.64
03690AAD8 ANTERO MIDSTREAM PART / FI 5.75000 03/01/2027 US 1,269.61 $1,058.53
03690AAF3 ANTERO MIDSTREAM PART/FI 5.75000 01/15/2028 US 1,269.61 $1,053.77
03748R754 APARTMENT INVT & MGMT CO -A US AIV 128.9 $6,720.97
038222105 APPLIED MATERIALS INC US AMAT 38.6 $1,926.35
039483102 ARCHER-DANIELS-MIDLAND CO US ADM 26.95 $1,106.95
03968AAA9 ARD SECURITIES FINANCE 8.75000 01/31/2023 LU 1,169.99 $1,210.94
0405207 HALMA PLC GB HLMA LN 213.74 $5,173.67
045086AF2 ASHTON WOODS USA/FINANCE 6.75000 08/01/2025 US 1,269.61 $1,266.43
0490656 KERRY GROUP PLC-A IE KYGA LN 75.38 $8,816.41
05278C107 AUTOHOME INC-ADR CN ATHM 77.33 $6,428.44
053332102 AUTOZONE INC US AZO 133.49 $144,787.71
053484101 AVALONBAY COMMUNITIES INC US AVB 52.3 $11,261.32
054937107 BB&T CORP US BBT 28.82 $1,538.23
05722G100 BAKER HUGHES A GE CO US BHGE 47.19 $1,094.79
060505104 BANK OF AMERICA CORP US BAC 189.34 $5,523.09
06051GFM6 BANK OF AMERICA CORP 4.00000 01/22/2025 US 53,697.81 $57,018.20
0682538 PERSIMMON PLC GB PSN LN 145.79 $3,888.33
084670702 BERKSHIRE HATHAWAY INC-CL B US BRK/B 2,132.97 $443,700.69
086516101 BEST BUY INC US BBY 18.79 $1,296.05
0870612 LLOYDS BANKING GROUP PLC GB LLOY LN 7,058.84 $4,679.42
0878230 TAYLOR WIMPEY PLC GB TW/ LN 1,094.3 $2,172.10
09061G101 BIOMARIN PHARMACEUTICAL INC US BMRN 1,505.55 $101,473.82
0922320 SMITH & NEPHEW PLC GB SN/ LN 397.12 $9,563.31
09247X101 BLACKROCK INC US BLK 661.53 $294,803.94
0946580 WEIR GROUP PLC/THE GB WEIR LN 481.54 $8,435.48
097023105 BOEING CO US BA 17.75 $6,754.91
09857L108 BOOKING HOLDINGS INC US BKNG 79.52 $156,065.18
101121101 BOSTON PROPERTIES INC US BXP 58.65 $7,604.04
101137107 BOSTON SCIENTIFIC CORP US BSX 3,306.8 $134,553.79
105368203 BRANDYWINE REALTY TRUST US BDN 392.99 $5,953.76
110122108 BRISTOL MYERS SQUIBB CO US BMY 63.72 $3,231.09
110448107 BRITISH AMERICAN TOB-SP ADR GB BTI 101.35 $3,739.69
11135F101 BROADCOM INC US AVGO 14.27 $3,939.30
11680JAA0 BRUIN E&P PARTNERS LLC 8.87500 08/01/2023 US 1,269.61 $949.03
12429TAE4 BWAY HOLDING CO 7.25000 04/15/2025 US 1,269.61 $1,200.16
124847AC8 ENTERCOM MEDIA CORP 7.25000 11/01/2024 US 1,121.08 $1,160.32
12503M108 CBOE GLOBAL MARKETS INC US CBOE 1,809.66 $207,947.73
12510GAB8 CCG 2019-1 A2 2.80000 09/14/2026 US 22,576.2 $22,770.44
125269100 CF INDUSTRIES HOLDINGS INC US CF 3,410.63 $167,802.95
12527GAB9 CF INDUSTRIES INC 7.12500 05/01/2020 US 1,269.61 $1,304.52
12541W209 C.H. ROBINSON WORLDWIDE INC US CHRW 12.65 $1,072.78
12555DAA3 CIM 2019-INV1 A1 4.00000 02/25/2049 US 4,407.47 $4,518.59
12572Q105 CME GROUP INC US CME 1,023.3 $216,264.60
12596JAA1 CNH 2019-A A1 2.75334 02/28/2020 US 2,594.7 $2,595.21
12646XAH5 CSMC 2013-IVR3 A1 2.50000 05/25/2043 US 5,676.1 $5,611.18
12648TAA7 CSMC 2014-IVR3 A1 3.50000 07/25/2044 US 10,039.68 $10,194.81
126650100 CVS HEALTH CORP US CVS 52.51 $3,312.06
12686CBA6 CABLEVISION SYSTEMS CORP 8.00000 04/15/2020 US 1,269.61 $1,306.11
131477AT8 CALUMET SPECIALTY PROD 11.00000 04/15/2025 US 2,390.68 $2,390.68
133131102 CAMDEN PROPERTY TRUST US CPT 52.45 $5,822.09
13321L108 CAMECO CORP CA CCJ 666.6 $6,332.66
149123101 CATERPILLAR INC US CAT 21.85 $2,760.16
14980AAA0 CAZENOVIA CREEK FUNDING LLC 3.56070 07/15/2030 US 8,283.04 $8,320.45
156700AW6 CENTURYLINK INC 5.62500 04/01/2020 US 1,269.61 $1,287.19
165183BB9 CFII 2017-4A A1 2.12000 11/15/2029 US 8,829.24 $8,826.53
166764100 CHEVRON CORP US CVX 44.74 $5,305.75
17275R102 CISCO SYSTEMS INC US CSCO 131.95 $6,519.70
172967424 CITIGROUP INC US C 55.36 $3,823.99
172967EW7 CITIGROUP INC 8.12500 07/15/2039 US 19,394.04 $31,796.39
191216100 COCA COLA CO/THE US KO 9,046.47 $492,489.81
192422103 COGNEX CORP US CGNX 2,145.25 $105,396.04
194162103 COLGATE-PALMOLIVE CO US CL 1,868.53 $137,355.72
2011646 ALIMENTATION COUCHE-TARD -B CA ATD/B CN 288.68 $8,846.61
20369C106 COMMUNITY HEALTHCARE TRUST I US CHCT 98.84 $4,403.41
205887102 CONAGRA BRAND INC. US CAG 30.66 $940.70
222795502 COUSINS PROPERTIES INC US CUZ 263.63 $9,909.91
22546QAD9 CREDIT SUISSE AG 5.40000 01/14/2020 CH 47,459.65 $47,879.46
22822V101 CROWN CASTLE INTL CORP US CCI 35.33 $4,911.68
228368106 CROWN HOLDINGS INC US CCK 2,149.87 $142,020.72
229663109 CUBESMART US CUBE 46.54 $1,624.39
231021106 CUMMINS INC US CMI 9.78 $1,591.25
2328595 BANCO DO BRASIL S.A. BR BBAS3 BZ 387.39 $4,251.58
2347608 FIRST QUANTUM MINERALS LTD CA FM CN 254.17 $2,135.28
2458771 ITAUSA INVESTIMENTOS ITAU -PR BR ITSA4 BZ 1,488.25 $4,742.39
2521800 LOBLAW COMPANIES LTD CA L CN 171.11 $9,746.09
25271C102 DIAMOND OFFSHORE DRILLING US DO 8,758.54 $48,697.46
253868103 DIGITAL REALTY TRUST INC US DLR 40.79 $5,294.97
25470DAT6 DISCOVERY COMMUNICATIONS 5.20000 09/20/2047 US 39,085.13 $42,737.68
256677105 DOLLAR GENERAL CORP US DG 1,815.32 $288,527.21
256746108 DOLLAR TREE STORES INC US DLTR 2,921.98 $333,573.67
25787GAC4 DONNELLEY FINANCIAL SOL 8.25000 10/15/2024 US 1,269.61 $1,317.22
25960P109 DOUGLAS EMMETT INC US DEI 116.7 $4,998.17
260557103 DOW INC US DOW 30.44 $1,450.35
26151AAA7 DRAX FINCO PLC 6.62500 11/01/2025 GB 5,941.11 $6,178.75
26780TAA5 DYNAGAS LNG PARTNERS/FIN 6.25000 10/30/2019 MH 6,931.56 $6,936.41
269246401 ETRADE FINANCIAL CORP US ETFC 1,879.45 $82,113.22
2715777 QUEBECOR INC -CL B CA QBR/B CN 6,102.29 $138,549.23
277432100 EASTMAN CHEM CO US EMN 11.85 $874.59
2801836 SHAW COMMUNICATIONS INC-B CA SJR/B CN 7,132.7 $140,139.79
285512109 ELECTRONIC ARTS US EA 3,411.51 $333,713.75
2866857 LUNDIN MINING CORP CA LUN CN 9,539.63 $44,859.35
291011104 EMERSON ELEC CO US EMR 33.09 $2,212.06
29273RAR0 ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 US 27,145.96 $32,561.07
29444U700 EQUINIX INC US EQIX 450.41 $259,796.93
2945422 WEG SA BR WEGE3 BZ 326.07 $1,907.00
29472R108 EQUITY LIFESTYLE PROPERTIES US ELS 32.94 $4,401.13
29476L107 EQUITY RESIDENTIAL US EQR 98.02 $8,455.03
29670E107 ESSENTIAL PROPERTIES REALTY US EPRT 152.05 $3,483.45
297178105 ESSEX PROPERTY TRUST INC US ESS 22.26 $7,270.83
302154BV0 EXPORT-IMPORT BANK KOREA 2.62500 12/30/2020 KR 14,852.76 $14,932.11
30225T102 EXTRA SPACE STORAGE INC US EXR 22.11 $2,582.92
30287EAE0 FREMF 2014-K41 B FLT 3.96287 11/25/2047 US 14,407.18 $15,329.28
30291XAE2 FREMF 2014-K715 B FLT 4.11215 02/25/2046 US 13,991.3 $14,259.33
30303M102 FACEBOOK INC -A US FB 1,658.86 $295,410.38
30744W107 FARFETCH LTD - CLASS A GB FTCH 108.3 $935.74
311900104 FASTENAL CO US FAST 37.96 $1,240.19
3128M6NC8 FHLM POOL G04587 5.50000 08/01/2038 US 4,742.1 $5,348.37
3128M6NS3 FHLM POOL G04601 5.50000 07/01/2038 US 4,789.78 $5,333.87
3128P75X7 FHLM POOL C91762 4.50000 05/01/2034 US 4,292.44 $4,621.22
3128P76G3 FHLM POOL C91771 4.50000 06/01/2034 US 3,623.63 $3,901.02
3128P76R9 FHLM POOL C91780 4.50000 07/01/2034 US 4,845.2 $5,216.01
3131XVYW9 FEDERAL NATL MTG ASSN FR ZM2525 3.00000 12/01/2046 US 11,964.05 $12,240.69
3131YBKP2 FEDERAL NATL MTG ASSN FN ZN4802 4.00000 04/01/2049 US 23,516.5 $24,453.36
3132QQFU1 FHLM POOL Q33778 4.00000 06/01/2045 US 6,826.06 $7,209.97
3132Y33P7 FHLM POOL FG Q59805 4.50000 11/01/2048 US 9,822.07 $10,379.90
31335CCY8 FHLM POOL FG G61887 MTGE 5.00000 02/01/2049 US 10,893.68 $11,677.65
3133G6L60 FEDERAL NATL MTG ASSN FR QN0349 3.00000 08/01/2034 US 12,717.51 $13,004.06
3134865 BARCLAYS PLC GB BARC LN 2,535.8 $4,672.20
3136AY6W8 FNA 2017-M15 A1 3.05802 09/25/2027 US 11,575.65 $12,122.97
3136B1YD0 FNR 2018-31 KP 3.50000 07/25/2047 US 8,594.09 $9,034.11
313747206 FEDERAL RLTY INVT TR SH BEN INT US FRT 11.95 $1,627.34
3137AME78 FHMS K017 X1 FLT 1.44538 12/25/2021 US 169,598.2 $3,930.01
3137F4YU0 FHR 4791 BA MTGE 4.00000 03/15/2044 US 9,272.82 $9,451.29
3137FG2L8 FHR 4801 BA MTGE 4.50000 05/15/2044 US 8,526.6 $8,714.61
3138EGHT4 FEDERAL NATL MTG ASSN AL0241 4.00000 04/01/2041 US 8,116.54 $8,670.58
3138EHR87 FEDERAL NATL MTG ASSN AL1410 4.50000 12/01/2041 US 11,432.15 $12,387.95
3138EQST0 FEDERAL NATL MTG ASSN AL7729 4.00000 06/01/2043 US 6,505.88 $6,948.47
3138ERN30 FEDERAL NATL MTG ASSN FN AL9409 3.50000 11/01/2031 US 10,268.11 $10,655.91
3138ETT89 FEDERAL NATL MTG ASSN AL8674 FLT 5.64300 01/01/2049 US 13,411.74 $15,080.02
3138WDAY7 FEDERAL NATL MTG ASSN FN AS3622 3.50000 10/01/2044 US 30,231.64 $31,753.64
3138WDRZ6 FEDERAL NATL MTG ASSN AS4103 4.50000 12/01/2044 US 6,586.66 $7,096.03
3140H2PH5 FEDERAL NATL MATG ASSN FN BJ1323 3.50000 11/01/2047 US 28,569.29 $29,778.86
3140HPMQ7 FEDERAL NATIONAL MTGE FN BK9366 4.50000 08/01/2048 US 5,602.22 $5,904.36
3140JGVQ5 FEDERAL NATL MTG ASSN FN BN0622 4.50000 01/01/2049 US 17,306.25 $18,272.16
3140Q84E2 FEDERAL NATL MTG ASSN FN CA1720 5.00000 05/01/2048 US 13,457.17 $14,465.94
3140Q9D42 FEDERAL NATL MTG ASSN FN CA1922 5.00000 06/01/2048 US 13,335 $14,328.55
3140Q9JA2 FEDERAL NATL MTGE ASSN FN CA2056 4.50000 07/01/2048 US 14,507.91 $15,360.71
3140Q9PD9 FEDERAL NATL MTG ASSN FN CA2219 5.00000 08/01/2048 US 10,560.58 $11,347.44
3140X4JC1 FEDERAL NATL MTG ASSN FM1158 3.50000 06/01/2034 US 19,704.86 $20,384.40
31410GCD3 FEDERAL NATL MTG ASSN 888468 5.50000 09/01/2021 US 515.92 $523.23
31410GN33 FEDERAL NATL MTG ASSN 888810 5.50000 11/01/2022 US 623.76 $631.99
31417YJC2 FEDERAL NATL MTG ASSN MA0258 4.50000 12/01/2039 US 4,634.55 $5,018.26
31418BBC9 FEDERAL NATL MTG ASSN MA1834 4.50000 02/01/2034 US 6,317.59 $6,791.64
31418C4F8 FEDERAL NATL MTG ASSN FN MA3521 4.00000 11/01/2048 US 23,322.42 $24,242.49
31418C4M3 FEDERAL NATL MTG ASSN FN MA3527 5.00000 11/01/2048 US 22,677.75 $24,264.63
31418CAF1 FEDERAL NATL MTG ASSN FN MA2705 3.00000 08/01/2046 US 8,730.11 $8,941.29
31418CYJ7 FEDERAL NATL MTG ASSN FN MA3412 3.50000 07/01/2038 US 19,681.49 $20,379.11
31418CZH0 FEDERAL NATL MTG ASSN FN MA3443 4.00000 08/01/2048 US 10,533.98 $10,930.65
31418DC67 FEDERAL NATL MTG ASSN FN MA3692 3.50000 07/01/2049 US 27,108.71 $27,886.43
31418MGR7 FEDERAL NATL MTG ASSN AD0207 6.00000 10/01/2038 US 5,453.3 $6,273.10
31418MKV3 FEDERAL NATL MTG ASSN AD0307 5.50000 01/01/2039 US 3,405.8 $3,842.69
315786AC7 FIDELITY & GUARA NTY LIFE 5.50000 05/01/2025 US 1,269.61 $1,361.65
316773100 FIFTH THIRD BANCORP US FITB 44.35 $1,214.23
32054K103 FIRST INDUSTRIAL REALTY TR US FR 76.19 $3,014.10
33834YAA6 FIVE POINT OP CO LP/FIVE 7.87500 11/15/2025 US 2,390.68 $2,426.54
346232AD3 FORESTAR GROUP INC 8.00000 04/15/2024 US 1,269.61 $1,371.17
34960PAB7 FORTRESS TRANS & INFRAST 6.50000 10/01/2025 US 2,390.68 $2,456.43
35671D857 FREEPORT-MCMORAN INC US FCX 8,968.66 $85,830.08
36166LAA5 GEMS MENASA KY LTD/GEMS 7.12500 07/31/2026 AE 5,902.44 $6,086.90
36246MAT6 GTP AQUISITION PARTNERS 2.35000 06/15/2020 US 3,653.78 $3,652.20
364760108 GAP INC US GPS 34.12 $592.27
369550108 GENERAL DYNAMICS CORP US GD 10.2 $1,863.99
369604BQ5 GENERAL ELECTRIC CO 5.00000 01/21/2021 US 36,545.92 $34,521.64
370334104 GENERAL MLS INC US GIS 36.35 $2,003.38
37045XAR7 GENERAL MOTORS FINL CO 3.15000 01/15/2020 US 22,279.15 $22,312.25
372460105 GENUINE PARTS CO US GPC 11.82 $1,176.78
374297109 GETTY REALTY CORP US GTY 88.82 $2,847.55
375558103 GILEAD SCIENCES INC US GILD 56.78 $3,598.53
37960JAA6 GLOBAL AIR LEASE CO LTD 6.50000 09/15/2024 KY 3,214.71 $3,254.89
38141GVR2 GOLDMAN SACHS GROUP INC 4.25000 10/21/2025 US 17,448.94 $18,672.15
38379RRX3 GNR 2017-54 AH MTGE 2.60000 12/16/2056 US 14,324.77 $14,421.67
400506101 GRUPO AEROPORTUARIO PAC-ADR MX PAC 28.12 $2,714.39
4012250 AIRBUS SE FR AIR FP 56.02 $7,272.40
4031879 VEOLIA ENVIRONMENT FR VIE FP 57.14 $1,447.36
404119BX6 HCA INC 4.12500 06/15/2029 US 28,631.24 $30,025.16
404139AD9 HC2 HOLDINGS INC 11.50000 12/01/2021 US 1,121.08 $986.55
40414L109 HCP INC US HCP 191.11 $6,809.11
4057808 L'OREAL FR OR FP 25.5 $7,132.13
4061412 LVMH MOET HENNESSY LOUIS VUITTON FR MC FP 24.38 $9,673.40
406216101 HALLIBURTON CO US HAL 11,086.59 $208,982.20
4162791 THALES SA FR HO FP 6.28 $722.00
4163437 CAPGEMINI FR CAP FP 15.33 $1,805.24
416515104 HARTFORD FINL SVCS US HIG 17.98 $1,089.67
421946104 HEALTHCARE REALTY TRUST INC US HR 133.63 $4,476.74
42225P501 HEALTHCARE TRUST OF AMERICA US HTA 88.31 $2,594.45
427866108 HERSHEY CO/THE US HSY 12.46 $1,931.05
43300A203 HILTON WORLDWIDE HOLDINGS INC US HLT 22.64 $2,107.75
437076102 HOME DEPOT INC US HD 35.15 $8,155.26
438516106 HONEYWELL INTERNATIONAL INC US HON 26.17 $4,428.75
44107P104 HOST MARRIOTT CORP US HST 172.8 $2,987.79
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B3NB1P2 SUNCOR ENERGY INC CA SU CN 235.29 $7,421.67
B3ZCNF7 TELEFONICA BRASIL S.A. - PREF BR VIVT4 BZ 161.55 $2,134.57
B3ZD2V9 MEX BONOS DESARR FIX RT 6.50000 06/10/2021 MX 26,378.51 $1,332.09
B4888C1 CANADIAN GOVERNMENT FLT 2.75000 06/01/2022 CA 3,029.96 $2,360.28
B4975P9 MAGAZINE LUIZA SA BR MGLU3 BZ 183.97 $1,635.61
B4JSTL6 WYNN MACAU LTD MO 1128 HK 2,853.84 $5,561.21
B4NDCC9 MEX BONOS DESARR FIX RT 6.50000 06/09/2022 MX 42,865.08 $2,160.65
B4P8HQ1 MGM CHINA HOLDINGS LTD MO 2282 HK 2,608.55 $4,061.55
B4R2R50 JULIUS BAER CH BAER SW 2,336.53 $103,486.92
B4V5RY4 BANCO SANTANDER BRASIL - UNIT BR SANB11 BZ 164.52 $1,800.04
B5B23W2 SANDS CHINA LTD MO 1928 HK 1,304.28 $5,893.60
B5VJH76 BDO UNIBANK INC PH BDO PM 1,423.95 $3,928.57
B615Y14 MEX BONOS DESARR FIX RT 8.00000 06/11/2020 MX 61,995.44 $3,165.12
B63QM77 NEXON CO LTD JP 3659 JP 18,859.54 $229,146.74
B6TC406 MEX BONOS DESARR FIX RT 7.75000 05/29/2031 MX 8,258.14 $443.38
B725S29 PUREGOLD PRICE CLUB INC PH PGOLD PM 1,341.55 $1,010.51
B7FQV64 RAIA DROGASIL S.A. BR RADL3 BZ 80.77 $1,863.57
B7T7721 ROYAL BANK OF SCOTLAND GB RBS LN 1,089.32 $2,776.54
B92RW83 LT GROUP INC PH LTG PM 4,127.84 $1,110.21
B9N3SQ0 BB SEGURIDADE PARTICIPACOES BR BBSE3 BZ 284.2 $2,406.29
BB22L96 KION GROUP AG DE KGX GR 95.73 $5,034.20
BBG00ND15VD4 SNE US 10/18/19 P55 JP -2.94 -$14.70
BBG00Q0BJS32 CME US 10/18/19 P190 US -.83 -$29.11
BBG00Q4JGRN4 MU US 10/11/2019 P43.5 US -3.74 -$583.89
BBQ3850 KEYWORDS STUDIOS PLC IE KWS LN 115.25 $1,623.09
BD4TZK8 OCI NV NL OCI NA 81.15 $1,914.04
BD9Y5C0 TECHNOGYM SPA IT TGYM IM 711.75 $7,911.71
BD9Y9B7 BASIC-FIT NV NL BFIT NA 223.09 $6,988.79
BF1K7P7 ESSITY AKTIEBOLAG-B SE ESSITYB SS 295.26 $8,615.18
BFTCYP4 ROBINSONS RETAIL HOLDINGS IN PH RRHI PM 845.78 $1,289.14
BG36ZK1 B3 SA-BRASIL BOLSA BALCAO BR B3SA3 BZ 529.49 $5,584.25
BG7ZWY7 AMBEV SA BR ABEV3 BZ 1,385.05 $6,400.31
BGHQ198 HIBERNIA REIT PLC IE HBRN ID 1,556.18 $2,493.36
BH3T8K8 ORBIA ADVANCE CORP SAB DE CV MX 2,872.24 $5,629.78
BH4TZ73 FU SHOU YUAN INTERNATIONAL CN 1448 HK 4,711.37 $4,163.07
BJ2KSG2 AKZO NOBEL NL AKZA NA 1,856.93 $165,457.92
BJT1GR5 ALCON INC CH ALC SW 73.93 $4,312.57
BMJ6DW5 INFORMA PLC GB INF LN 849.2 $8,893.53
BMMV2K8 TENCENT HOLDINGS LTD CN 700 HK 7,819.64 $327,079.32
BMTRW10 B&M EUROPEAN VALUE RETAIL SA GB BME LN 752.55 $3,508.87
BNGN9Z1 FINECOBANK SPA IT FBK IM 9,223.33 $97,583.69
BP9DL90 INDUSTRIA DE DISENO TEXTIL ES ITX SM 5,856.89 $181,257.13
BSQXJ01 THULE GROUP AB/THE SE THULE SS 479.61 $9,077.47
BVSS790 ELIS SA FR ELIS FP 40.38 $713.68
BYW0PQ6 LAND SECURITIES GROUP PLC GB LAND LN 336.27 $3,541.56
BYXS699 QIAGEN N.V. NL QIA GR 168.45 $5,516.62
BYXZ2W5 RUMO SA BR RAIL3 BZ 390.36 $2,307.44
BYYHL23 ANHEUSER-BUSCH INBEV SA/NV BE ABI BB 2,452.71 $233,449.09
BYZFZ91 SOPHOS GROUP PLC GB SOPH LN 1,179.33 $5,808.42
BYZR014 AMUNDI SA FR AMUN FP 30.92 $2,154.07
G0750C108 AXALTA COATING SYSTEMS LTD US AXTA 3,745.18 $112,917.25
G0772R208 BANK OF N.T. BUTTERFIELD&SON BM NTB 171.44 $5,081.40
G25839104 COCA-COLA EUROPEAN PARTNERS GB CCEP 158.7 $8,799.84
G29183103 EATON CORP PLC US ETN 24.08 $2,002.33
G37585AC3 GASLOG LTD 8.87500 03/22/2022 BM 1,269.61 $1,314.04
G45667105 HOLLYSYS AUTOMATION TECHNOLOGIES CN HOLI 190.05 $2,886.86
G51502105 JOHNSON CONTROLS INTERNATIONAL US JCI 45.57 $2,000.24
G5960L103 MEDTRONIC INC IE MDT 4,251.22 $461,768.04
G97822103 PERRIGO CO PLC IE PRGO 142.48 $7,963.02
H01301128 ALCON INC CH ALC 1,934.12 $112,739.92
H1467J104 CHUBB LTD CH CB 14.72 $2,376.02
H8817H100 TRANSOCEAN LTD US RIG 19,922.5 $89,053.58
N22717107 CORE LABORATORIES N.V. NL CLB 3,535.29 $164,815.34
N47279109 INTERXION HOLDING NV NL INXN 1,997.09 $162,682.89
N53745100 LYONDELLBASELL INDU-CL A US LYB 22.08 $1,975.18
N72482123 QIAGEN N.V. ADR NL QGEN 3,877.02 $127,825.27
USD US DOLLAR US 411,006.61 $411,006.61

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 2045 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

$13.33

Daily $ Change

-$0.01

Daily % Change

-0.08%

as of 10/14/2019

Ticker

MTURX

CUSIP

56382P294

Inception Date

06/25/2012

Investment Minimum

$2,000.00

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

Important Documents

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

Information on Underlying Investments

Blended Asset Series Prospectus
Blended Asset Series SAI
XBRL Blended Asset Series – 11/02/2017
Blended Asset Series Annual Report
Blended Asset Series Semi-Annual Report

The financial statements of the underlying investments should be read in conjunction with the Series’ financial statements. Beginning 10/16/2017, the underlying funds are the Manning & Napier Fund, Inc. Blended Asset Series. The Blended Asset Series are not currently available for direct investment.

Investment Objective

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

Investment Strategy

Currently: The portfolio is currently invested in a 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 64% - 91%.

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 2045
  • Who generally have time to withstand market volatility and can accept very 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

18.46%

1 Year

4.07%

3 Year

9.09%

5 Year

6.08%

10 Year

---

Inception
(06/25/2012)

10.02%

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 2.06%
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 10.38%
TREASURY BONDS 3.52%
COCA COLA CO/THE 1.96%
MONDELEZ INTERNATIONAL INC 1.87%
GOVERNMENT AGENCY 1.85%
MEDTRONIC INC 1.84%
JOHNSON & JOHNSON 1.81%
BERKSHIRE HATHAWAY INC-CL B 1.77%
MASTERCARD INC-CLASS A 1.72%
SERVICENOW INC 1.64%

Top Ten Investments list is unaudited and excludes cash

Asset Allocation

As of 09/30/2019

Stocks
76.09%
Bonds
22.30%
Cash
1.61%

Detailed Asset Class Allocation

As of 09/30/2019

International Equities
25.98%
Small Capitalization
1.82%
Mid Capitalization
1.77%
Large Capitalization
46.52%
Long Term Fixed Income
5.59%
Intermediate Term Fixed Income
13.96%
Short Term Fixed Income
2.75%
Cash
1.61%

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 1,269.61 $1,352.13
00206RDQ2 AT&T INC 4.25000 03/01/2027 US 36,248.87 $39,439.28
00287Y109 ABBVIE INC US ABBV 57.81 $4,377.29
004239109 ACADIA REALTY TRUST US AKR 52.37 $1,496.60
00489LAA1 ACRISURE LLC / FIN INC 7.00000 11/15/2025 US 1,269.61 $1,183.65
00507V109 ACTIVISION INC US ATVI 4,609.85 $243,953.22
00751Y106 ADVANCE AUTO PARTS INC US AAP 1,130.56 $186,994.44
00774MAG0 AERCAP IRELAND CAP / GLOBA 4.45000 10/01/2025 IE 36,545.92 $38,957.57
00791GAA5 AG MERGER SUB II INC 10.75000 08/01/2027 US 1,269.61 $1,288.65
0081180 BARRATT DEVELOPMENTS PLC GB BDEV LN 496.41 $3,951.69
008492100 AGREE REALTY CORP US ADC 31.38 $2,295.15
013093AD1 ALBERTSONS COS LLC/SAFEW 5.75000 03/15/2025 US 1,269.61 $1,305.60
0136701 BRITISH LAND CO PLC GB BLND LN 595.43 $4,283.36
015271109 ALEXANDRIA REAL EST EQUITIES US ARE 12.1 $1,864.18
01609W102 ALIBABA GROUP - ADR CN BABA 66.86 $11,181.30
01609WAT9 ALIBABA GROUP HOLDING 3.40000 12/06/2027 KY 49,298.94 $51,310.68
020002101 ALLSTATE CORPORATION US ALL 13.69 $1,487.36
02079K107 ALPHABET INC-CL C US GOOG 171.59 $209,163.24
02079K305 ALPHABET INC-CL A US GOOGL 171.44 $209,349.07
02209S103 ALTRIA GROUP INC US MO 2,657.47 $108,690.63
023135106 AMAZON.COM INC US AMZN 152.3 $264,375.09
02319V103 AMBEV SA-ADR BR ABEV 39,620.24 $183,045.52
0237400 DIAGEO PLC GB DGE LN 3,745.4 $152,999.94
02376RAA0 AMERICAN AIRLINES GROUP 5.50000 10/01/2019 US 8,494.56 $8,494.56
02406PAR1 AMERICAN AXLE & MFG INC 6.25000 04/01/2025 US 1,121.08 $1,088.85
024835100 AMERICAN CAMPUS COMMUNITIES US ACC 88.31 $4,245.79
0263494 BAE SYSTEMS PLC GB BA/ LN 1,385.64 $9,703.97
02665T306 AMERICAN HOMES 4 RENT- A US AMH 310.61 $8,041.74
0287580 BRITISH AMERICAN TOBACCO PLC GB BATS LN 269.91 $9,967.61
03019LAA4 AMERICAN TANKER INC 9.25000 02/22/2022 US 3,660.29 $3,706.06
03027X100 AMERICAN TOWER REIT INC US AMT 1,117.9 $247,201.58
03027XAW0 AMERICAN TOWER CORP 3.80000 08/15/2029 US 40,273.36 $42,983.97
03064D108 AMERICOLD REALTY TRUST US COLD 164.96 $6,114.96
031162100 AMGEN INC US AMGN 25.53 $4,940.64
03690AAD8 ANTERO MIDSTREAM PART / FI 5.75000 03/01/2027 US 1,269.61 $1,058.53
03690AAF3 ANTERO MIDSTREAM PART/FI 5.75000 01/15/2028 US 1,269.61 $1,053.77
03748R754 APARTMENT INVT & MGMT CO -A US AIV 128.9 $6,720.97
038222105 APPLIED MATERIALS INC US AMAT 38.6 $1,926.35
039483102 ARCHER-DANIELS-MIDLAND CO US ADM 26.95 $1,106.95
03968AAA9 ARD SECURITIES FINANCE 8.75000 01/31/2023 LU 1,169.99 $1,210.94
0405207 HALMA PLC GB HLMA LN 213.74 $5,173.67
045086AF2 ASHTON WOODS USA/FINANCE 6.75000 08/01/2025 US 1,269.61 $1,266.43
0490656 KERRY GROUP PLC-A IE KYGA LN 75.38 $8,816.41
05278C107 AUTOHOME INC-ADR CN ATHM 77.33 $6,428.44
053332102 AUTOZONE INC US AZO 133.49 $144,787.71
053484101 AVALONBAY COMMUNITIES INC US AVB 52.3 $11,261.32
054937107 BB&T CORP US BBT 28.82 $1,538.23
05722G100 BAKER HUGHES A GE CO US BHGE 47.19 $1,094.79
060505104 BANK OF AMERICA CORP US BAC 189.34 $5,523.09
06051GFM6 BANK OF AMERICA CORP 4.00000 01/22/2025 US 53,697.81 $57,018.20
0682538 PERSIMMON PLC GB PSN LN 145.79 $3,888.33
084670702 BERKSHIRE HATHAWAY INC-CL B US BRK/B 2,132.97 $443,700.69
086516101 BEST BUY INC US BBY 18.79 $1,296.05
0870612 LLOYDS BANKING GROUP PLC GB LLOY LN 7,058.84 $4,679.42
0878230 TAYLOR WIMPEY PLC GB TW/ LN 1,094.3 $2,172.10
09061G101 BIOMARIN PHARMACEUTICAL INC US BMRN 1,505.55 $101,473.82
0922320 SMITH & NEPHEW PLC GB SN/ LN 397.12 $9,563.31
09247X101 BLACKROCK INC US BLK 661.53 $294,803.94
0946580 WEIR GROUP PLC/THE GB WEIR LN 481.54 $8,435.48
097023105 BOEING CO US BA 17.75 $6,754.91
09857L108 BOOKING HOLDINGS INC US BKNG 79.52 $156,065.18
101121101 BOSTON PROPERTIES INC US BXP 58.65 $7,604.04
101137107 BOSTON SCIENTIFIC CORP US BSX 3,306.8 $134,553.79
105368203 BRANDYWINE REALTY TRUST US BDN 392.99 $5,953.76
110122108 BRISTOL MYERS SQUIBB CO US BMY 63.72 $3,231.09
110448107 BRITISH AMERICAN TOB-SP ADR GB BTI 101.35 $3,739.69
11135F101 BROADCOM INC US AVGO 14.27 $3,939.30
11680JAA0 BRUIN E&P PARTNERS LLC 8.87500 08/01/2023 US 1,269.61 $949.03
12429TAE4 BWAY HOLDING CO 7.25000 04/15/2025 US 1,269.61 $1,200.16
124847AC8 ENTERCOM MEDIA CORP 7.25000 11/01/2024 US 1,121.08 $1,160.32
12503M108 CBOE GLOBAL MARKETS INC US CBOE 1,809.66 $207,947.73
12510GAB8 CCG 2019-1 A2 2.80000 09/14/2026 US 22,576.2 $22,770.44
125269100 CF INDUSTRIES HOLDINGS INC US CF 3,410.63 $167,802.95
12527GAB9 CF INDUSTRIES INC 7.12500 05/01/2020 US 1,269.61 $1,304.52
12541W209 C.H. ROBINSON WORLDWIDE INC US CHRW 12.65 $1,072.78
12555DAA3 CIM 2019-INV1 A1 4.00000 02/25/2049 US 4,407.47 $4,518.59
12572Q105 CME GROUP INC US CME 1,023.3 $216,264.60
12596JAA1 CNH 2019-A A1 2.75334 02/28/2020 US 2,594.7 $2,595.21
12646XAH5 CSMC 2013-IVR3 A1 2.50000 05/25/2043 US 5,676.1 $5,611.18
12648TAA7 CSMC 2014-IVR3 A1 3.50000 07/25/2044 US 10,039.68 $10,194.81
126650100 CVS HEALTH CORP US CVS 52.51 $3,312.06
12686CBA6 CABLEVISION SYSTEMS CORP 8.00000 04/15/2020 US 1,269.61 $1,306.11
131477AT8 CALUMET SPECIALTY PROD 11.00000 04/15/2025 US 2,390.68 $2,390.68
133131102 CAMDEN PROPERTY TRUST US CPT 52.45 $5,822.09
13321L108 CAMECO CORP CA CCJ 666.6 $6,332.66
149123101 CATERPILLAR INC US CAT 21.85 $2,760.16
14980AAA0 CAZENOVIA CREEK FUNDING LLC 3.56070 07/15/2030 US 8,283.04 $8,320.45
156700AW6 CENTURYLINK INC 5.62500 04/01/2020 US 1,269.61 $1,287.19
165183BB9 CFII 2017-4A A1 2.12000 11/15/2029 US 8,829.24 $8,826.53
166764100 CHEVRON CORP US CVX 44.74 $5,305.75
17275R102 CISCO SYSTEMS INC US CSCO 131.95 $6,519.70
172967424 CITIGROUP INC US C 55.36 $3,823.99
172967EW7 CITIGROUP INC 8.12500 07/15/2039 US 19,394.04 $31,796.39
191216100 COCA COLA CO/THE US KO 9,046.47 $492,489.81
192422103 COGNEX CORP US CGNX 2,145.25 $105,396.04
194162103 COLGATE-PALMOLIVE CO US CL 1,868.53 $137,355.72
2011646 ALIMENTATION COUCHE-TARD -B CA ATD/B CN 288.68 $8,846.61
20369C106 COMMUNITY HEALTHCARE TRUST I US CHCT 98.84 $4,403.41
205887102 CONAGRA BRAND INC. US CAG 30.66 $940.70
222795502 COUSINS PROPERTIES INC US CUZ 263.63 $9,909.91
22546QAD9 CREDIT SUISSE AG 5.40000 01/14/2020 CH 47,459.65 $47,879.46
22822V101 CROWN CASTLE INTL CORP US CCI 35.33 $4,911.68
228368106 CROWN HOLDINGS INC US CCK 2,149.87 $142,020.72
229663109 CUBESMART US CUBE 46.54 $1,624.39
231021106 CUMMINS INC US CMI 9.78 $1,591.25
2328595 BANCO DO BRASIL S.A. BR BBAS3 BZ 387.39 $4,251.58
2347608 FIRST QUANTUM MINERALS LTD CA FM CN 254.17 $2,135.28
2458771 ITAUSA INVESTIMENTOS ITAU -PR BR ITSA4 BZ 1,488.25 $4,742.39
2521800 LOBLAW COMPANIES LTD CA L CN 171.11 $9,746.09
25271C102 DIAMOND OFFSHORE DRILLING US DO 8,758.54 $48,697.46
253868103 DIGITAL REALTY TRUST INC US DLR 40.79 $5,294.97
25470DAT6 DISCOVERY COMMUNICATIONS 5.20000 09/20/2047 US 39,085.13 $42,737.68
256677105 DOLLAR GENERAL CORP US DG 1,815.32 $288,527.21
256746108 DOLLAR TREE STORES INC US DLTR 2,921.98 $333,573.67
25787GAC4 DONNELLEY FINANCIAL SOL 8.25000 10/15/2024 US 1,269.61 $1,317.22
25960P109 DOUGLAS EMMETT INC US DEI 116.7 $4,998.17
260557103 DOW INC US DOW 30.44 $1,450.35
26151AAA7 DRAX FINCO PLC 6.62500 11/01/2025 GB 5,941.11 $6,178.75
26780TAA5 DYNAGAS LNG PARTNERS/FIN 6.25000 10/30/2019 MH 6,931.56 $6,936.41
269246401 ETRADE FINANCIAL CORP US ETFC 1,879.45 $82,113.22
2715777 QUEBECOR INC -CL B CA QBR/B CN 6,102.29 $138,549.23
277432100 EASTMAN CHEM CO US EMN 11.85 $874.59
2801836 SHAW COMMUNICATIONS INC-B CA SJR/B CN 7,132.7 $140,139.79
285512109 ELECTRONIC ARTS US EA 3,411.51 $333,713.75
2866857 LUNDIN MINING CORP CA LUN CN 9,539.63 $44,859.35
291011104 EMERSON ELEC CO US EMR 33.09 $2,212.06
29273RAR0 ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 US 27,145.96 $32,561.07
29444U700 EQUINIX INC US EQIX 450.41 $259,796.93
2945422 WEG SA BR WEGE3 BZ 326.07 $1,907.00
29472R108 EQUITY LIFESTYLE PROPERTIES US ELS 32.94 $4,401.13
29476L107 EQUITY RESIDENTIAL US EQR 98.02 $8,455.03
29670E107 ESSENTIAL PROPERTIES REALTY US EPRT 152.05 $3,483.45
297178105 ESSEX PROPERTY TRUST INC US ESS 22.26 $7,270.83
302154BV0 EXPORT-IMPORT BANK KOREA 2.62500 12/30/2020 KR 14,852.76 $14,932.11
30225T102 EXTRA SPACE STORAGE INC US EXR 22.11 $2,582.92
30287EAE0 FREMF 2014-K41 B FLT 3.96287 11/25/2047 US 14,407.18 $15,329.28
30291XAE2 FREMF 2014-K715 B FLT 4.11215 02/25/2046 US 13,991.3 $14,259.33
30303M102 FACEBOOK INC -A US FB 1,658.86 $295,410.38
30744W107 FARFETCH LTD - CLASS A GB FTCH 108.3 $935.74
311900104 FASTENAL CO US FAST 37.96 $1,240.19
3128M6NC8 FHLM POOL G04587 5.50000 08/01/2038 US 4,742.1 $5,348.37
3128M6NS3 FHLM POOL G04601 5.50000 07/01/2038 US 4,789.78 $5,333.87
3128P75X7 FHLM POOL C91762 4.50000 05/01/2034 US 4,292.44 $4,621.22
3128P76G3 FHLM POOL C91771 4.50000 06/01/2034 US 3,623.63 $3,901.02
3128P76R9 FHLM POOL C91780 4.50000 07/01/2034 US 4,845.2 $5,216.01
3131XVYW9 FEDERAL NATL MTG ASSN FR ZM2525 3.00000 12/01/2046 US 11,964.05 $12,240.69
3131YBKP2 FEDERAL NATL MTG ASSN FN ZN4802 4.00000 04/01/2049 US 23,516.5 $24,453.36
3132QQFU1 FHLM POOL Q33778 4.00000 06/01/2045 US 6,826.06 $7,209.97
3132Y33P7 FHLM POOL FG Q59805 4.50000 11/01/2048 US 9,822.07 $10,379.90
31335CCY8 FHLM POOL FG G61887 MTGE 5.00000 02/01/2049 US 10,893.68 $11,677.65
3133G6L60 FEDERAL NATL MTG ASSN FR QN0349 3.00000 08/01/2034 US 12,717.51 $13,004.06
3134865 BARCLAYS PLC GB BARC LN 2,535.8 $4,672.20
3136AY6W8 FNA 2017-M15 A1 3.05802 09/25/2027 US 11,575.65 $12,122.97
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92343VDV3 VERIZON COMMUNICATIONS 5.50000 03/16/2047 US 49,376.26 $65,167.71
92511U102 VERRA MOBILITY CORP US VRRM 20,417.63 $292,992.98
92532F100 VERTEX PHARMACEUTICALS INC US VRTX 448.78 $76,032.83
92553P201 VIACOM INC CL B US VIAB 29.63 $712.00
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931142103 WAL MART STORES US WMT 79.24 $9,404.50
931427108 WALGREENS BOOTS ALLIANCE INC US WBA 41.86 $2,315.54
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948741103 WEINGARTEN REALTY INVESTORS US WRI 127.81 $3,723.19
949746101 WELLS FARGO COMPANY US WFC 141.76 $7,150.52
95040Q104 WELLTOWER INC. US WELL 69.78 $6,325.14
958102105 WESTERN DIGITAL CORP US WDC 21.46 $1,280.07
96949LAD7 WILLIAMS PARTNERS LP 3.75000 06/15/2027 US 27,443.01 $28,345.54
97651JAE6 WINWATER MORTGAGE LOAN TRUST 3.50000 03/20/2045 US 3,298.83 $3,308.47
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B00FM53 BANCO BRADESCO SA - PREF BR BBDC4 BZ 1,220.53 $9,975.86
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B02L3W3 BERKELEY GROUP HOLDINGS GB BKG LN 38.98 $2,001.53
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B037HR3 ITAU UNIBANCO HOLDINGS S-PREF BR ITUB4 BZ 1,365.6 $11,526.38
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B11ZRK9 LEGRAND SA FR LR FP 25.5 $1,819.24
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B1KFX13 GRUPO AEROPORTUARIO DEL CENT MX OMAB MM 656.74 $3,908.00
B1VZ0M2 HARGREAVES LANSDOWN PLC GB HL/ LN 106.59 $2,721.44
B1XFTL2 HEXAGON AB-B SHS SE HEXAB SS 106.87 $5,147.97
B1XH026 VINCI SA FR DG FP 82.34 $8,869.75
B1Y47Y7 GERRESHEIMER AG DE GXI GR 51.68 $3,705.42
B1Y9TB3 DANONE FR BN FP 233.41 $20,559.05
B1YXBJ7 AIR LIQUIDE FR AI FP 40.68 $5,790.22
B1Z9Q99 ABOITIZ POWER CORP PH AP PM 3,845.56 $2,843.52
B247XZ6 MANILA ELECTRIC COMPANY PH MER PM 368.1 $2,626.11
B3NB1P2 SUNCOR ENERGY INC CA SU CN 235.29 $7,421.67
B3ZCNF7 TELEFONICA BRASIL S.A. - PREF BR VIVT4 BZ 161.55 $2,134.57
B3ZD2V9 MEX BONOS DESARR FIX RT 6.50000 06/10/2021 MX 26,378.51 $1,332.09
B4888C1 CANADIAN GOVERNMENT FLT 2.75000 06/01/2022 CA 3,029.96 $2,360.28
B4975P9 MAGAZINE LUIZA SA BR MGLU3 BZ 183.97 $1,635.61
B4JSTL6 WYNN MACAU LTD MO 1128 HK 2,853.84 $5,561.21
B4NDCC9 MEX BONOS DESARR FIX RT 6.50000 06/09/2022 MX 42,865.08 $2,160.65
B4P8HQ1 MGM CHINA HOLDINGS LTD MO 2282 HK 2,608.55 $4,061.55
B4R2R50 JULIUS BAER CH BAER SW 2,336.53 $103,486.92
B4V5RY4 BANCO SANTANDER BRASIL - UNIT BR SANB11 BZ 164.52 $1,800.04
B5B23W2 SANDS CHINA LTD MO 1928 HK 1,304.28 $5,893.60
B5VJH76 BDO UNIBANK INC PH BDO PM 1,423.95 $3,928.57
B615Y14 MEX BONOS DESARR FIX RT 8.00000 06/11/2020 MX 61,995.44 $3,165.12
B63QM77 NEXON CO LTD JP 3659 JP 18,859.54 $229,146.74
B6TC406 MEX BONOS DESARR FIX RT 7.75000 05/29/2031 MX 8,258.14 $443.38
B725S29 PUREGOLD PRICE CLUB INC PH PGOLD PM 1,341.55 $1,010.51
B7FQV64 RAIA DROGASIL S.A. BR RADL3 BZ 80.77 $1,863.57
B7T7721 ROYAL BANK OF SCOTLAND GB RBS LN 1,089.32 $2,776.54
B92RW83 LT GROUP INC PH LTG PM 4,127.84 $1,110.21
B9N3SQ0 BB SEGURIDADE PARTICIPACOES BR BBSE3 BZ 284.2 $2,406.29
BB22L96 KION GROUP AG DE KGX GR 95.73 $5,034.20
BBG00ND15VD4 SNE US 10/18/19 P55 JP -2.94 -$14.70
BBG00Q0BJS32 CME US 10/18/19 P190 US -.83 -$29.11
BBG00Q4JGRN4 MU US 10/11/2019 P43.5 US -3.74 -$583.89
BBQ3850 KEYWORDS STUDIOS PLC IE KWS LN 115.25 $1,623.09
BD4TZK8 OCI NV NL OCI NA 81.15 $1,914.04
BD9Y5C0 TECHNOGYM SPA IT TGYM IM 711.75 $7,911.71
BD9Y9B7 BASIC-FIT NV NL BFIT NA 223.09 $6,988.79
BF1K7P7 ESSITY AKTIEBOLAG-B SE ESSITYB SS 295.26 $8,615.18
BFTCYP4 ROBINSONS RETAIL HOLDINGS IN PH RRHI PM 845.78 $1,289.14
BG36ZK1 B3 SA-BRASIL BOLSA BALCAO BR B3SA3 BZ 529.49 $5,584.25
BG7ZWY7 AMBEV SA BR ABEV3 BZ 1,385.05 $6,400.31
BGHQ198 HIBERNIA REIT PLC IE HBRN ID 1,556.18 $2,493.36
BH3T8K8 ORBIA ADVANCE CORP SAB DE CV MX 2,872.24 $5,629.78
BH4TZ73 FU SHOU YUAN INTERNATIONAL CN 1448 HK 4,711.37 $4,163.07
BJ2KSG2 AKZO NOBEL NL AKZA NA 1,856.93 $165,457.92
BJT1GR5 ALCON INC CH ALC SW 73.93 $4,312.57
BMJ6DW5 INFORMA PLC GB INF LN 849.2 $8,893.53
BMMV2K8 TENCENT HOLDINGS LTD CN 700 HK 7,819.64 $327,079.32
BMTRW10 B&M EUROPEAN VALUE RETAIL SA GB BME LN 752.55 $3,508.87
BNGN9Z1 FINECOBANK SPA IT FBK IM 9,223.33 $97,583.69
BP9DL90 INDUSTRIA DE DISENO TEXTIL ES ITX SM 5,856.89 $181,257.13
BSQXJ01 THULE GROUP AB/THE SE THULE SS 479.61 $9,077.47
BVSS790 ELIS SA FR ELIS FP 40.38 $713.68
BYW0PQ6 LAND SECURITIES GROUP PLC GB LAND LN 336.27 $3,541.56
BYXS699 QIAGEN N.V. NL QIA GR 168.45 $5,516.62
BYXZ2W5 RUMO SA BR RAIL3 BZ 390.36 $2,307.44
BYYHL23 ANHEUSER-BUSCH INBEV SA/NV BE ABI BB 2,452.71 $233,449.09
BYZFZ91 SOPHOS GROUP PLC GB SOPH LN 1,179.33 $5,808.42
BYZR014 AMUNDI SA FR AMUN FP 30.92 $2,154.07
G0750C108 AXALTA COATING SYSTEMS LTD US AXTA 3,745.18 $112,917.25
G0772R208 BANK OF N.T. BUTTERFIELD&SON BM NTB 171.44 $5,081.40
G25839104 COCA-COLA EUROPEAN PARTNERS GB CCEP 158.7 $8,799.84
G29183103 EATON CORP PLC US ETN 24.08 $2,002.33
G37585AC3 GASLOG LTD 8.87500 03/22/2022 BM 1,269.61 $1,314.04
G45667105 HOLLYSYS AUTOMATION TECHNOLOGIES CN HOLI 190.05 $2,886.86
G51502105 JOHNSON CONTROLS INTERNATIONAL US JCI 45.57 $2,000.24
G5960L103 MEDTRONIC INC IE MDT 4,251.22 $461,768.04
G97822103 PERRIGO CO PLC IE PRGO 142.48 $7,963.02
H01301128 ALCON INC CH ALC 1,934.12 $112,739.92
H1467J104 CHUBB LTD CH CB 14.72 $2,376.02
H8817H100 TRANSOCEAN LTD US RIG 19,922.5 $89,053.58
N22717107 CORE LABORATORIES N.V. NL CLB 3,535.29 $164,815.34
N47279109 INTERXION HOLDING NV NL INXN 1,997.09 $162,682.89
N53745100 LYONDELLBASELL INDU-CL A US LYB 22.08 $1,975.18
N72482123 QIAGEN N.V. ADR NL QGEN 3,877.02 $127,825.27
USD US DOLLAR US 411,006.61 $411,006.61

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 2045 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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