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 65% - 92%.

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

$12.84

Daily $ Change

$0.01

Daily % Change

0.08%

as of 04/18/2019

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 03/31/2019

YTD

12.41%

1 Year

4.28%

3 Year

9.61%

5 Year

5.46%

10 Year

---

Inception
(06/25/2012)

9.95%

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 2.11%
Net 1.26%*

*Includes acquired fund fees and expenses of the underlying Series, and a 12b-1 fee of 0.50%. 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 03/31/2019

TREASURY NOTES 5.74%
TREASURY BONDS 2.90%
MICROSOFT CORP 2.06%
MASTERCARD INC-CLASS A 2.04%
COCA COLA CO/THE 1.93%
MONDELEZ INTERNATIONAL INC 1.92%
JOHNSON & JOHNSON 1.92%
VISA INC - CLASS A SHARES 1.87%
TENCENT HOLDINGS LTD 1.86%
BERKSHIRE HATHAWAY INC-CL B 1.81%

Top Ten Investments list is unaudited and excludes cash

Asset Allocation

As of 03/31/2019

Stocks 80.32%
Bonds 19.68%

Detailed Asset Class Allocation

As of 03/31/2019

International Equities 24.94%
Small Capitalization 1.36%
Mid Capitalization 4.38%
Large Capitalization 49.64%
Long Term Fixed Income 5.38%
Intermediate Term Fixed Income 9.65%
Short Term Fixed Income 4.65%

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

March Fund Holdings

As of 03/31/2019

CUSIP Security Description Country Ticker Shares/Par Market Value (USD)
00101JAH9 ADT SEC CORP 4.12500 06/15/2023 US 3,721.19 $3,589.09
00101JAM8 ADT CORP 5.25000 03/15/2020 US 3,721.19 $3,758.40
00206RDQ2 AT&T INC 4.25000 03/01/2027 US 36,496.42 $37,523.59
00254EML3 SWEDISH EXPORT CREDIT 1.12500 08/28/2019 SE 18,056.8 $17,949.48
00289XAA7 ABENGOA YIELD PLC 7.00000 11/15/2019 GB 48,566.86 $48,809.69
004239109 ACADIA REALTY TRUST US AKR 53.24 $1,451.86
00774MAG0 AERCAP IRELAND CAP / GLOBA 4.45000 10/01/2025 IE 36,787.19 $36,992.11
00790X101 ADVANCED DISPOSAL SERVICES US ADSW 7,444.1 $208,434.75
0081180 BARRATT DEVELOPMENTS PLC GB BDEV LN 1,103.53 $8,620.07
008492100 AGREE REALTY CORP US ADC 31.91 $2,212.71
00928QAK7 AIRCASTLE LTD 6.25000 12/01/2019 BM 4,864.66 $4,953.63
0136701 BRITISH LAND CO PLC GB BLND LN 552.93 $4,245.20
015271109 ALEXANDRIA REAL EST EQUITIES US ARE 12.31 $1,754.49
01609W102 ALIBABA GROUP - ADR CN BABA 44.95 $8,201.71
02079K107 ALPHABET INC-CL C US GOOG 244.61 $287,003.33
02079K305 ALPHABET INC-CL A US GOOGL 242.45 $285,335.58
02209S103 ALTRIA GROUP INC US MO 2,201.68 $126,442.45
023135106 AMAZON.COM INC US AMZN 126.75 $225,702.42
02319V103 AMBEV SA-ADR BR ABEV 43,747.49 $188,114.21
0237400 DIAGEO PLC GB DGE LN 4,740.02 $193,972.47
02376RAA0 AMERICAN AIRLINES GROUP 5.50000 10/01/2019 US 8,499.28 $8,604.67
024835100 AMERICAN CAMPUS COMMUNITIES US ACC 50.1 $2,383.78
0263494 BAE SYSTEMS PLC GB BA/ LN 1,190.84 $7,485.37
02665T306 AMERICAN HOMES 4 RENT- A US AMH 315.85 $7,176.00
02666TAA5 AMERICAN HOMES 4 RENT 4.25000 02/15/2028 US 17,540.89 $17,360.43
02753GAA7 AMERICAN MIDSTREAM PTR/F 9.50000 12/15/2021 US 6,153.52 $5,661.24
03027X100 AMERICAN TOWER REIT INC US AMT 1,768.97 $348,592.73
03064D108 AMERICOLD REALTY TRUST US COLD 48.67 $1,484.81
03690AAD8 ANTERO MIDSTREAM PART / FI 5.75000 03/01/2027 US 3,721.19 $3,777.01
03748R754 APARTMENT INVT & MGMT CO -A US AIV 92.12 $4,632.85
03784Y200 APPLE HOSPITALITY REIT INC US APLE 87.87 $1,432.35
0405207 HALMA PLC GB HLMA LN 218.9 $4,772.54
0490656 KERRY GROUP PLC-A IE KYGA LN 99.95 $11,100.29
05278C107 AUTOHOME INC-ADR CN ATHM 71.36 $7,501.28
053332102 AUTOZONE INC US AZO 317.21 $324,856.56
053484101 AVALONBAY COMMUNITIES INC US AVB 57.54 $11,550.57
058498106 BALL CORP US BLL 4,228.74 $244,675.00
06051GFM6 BANK OF AMERICA CORP 4.00000 01/22/2025 US 54,037.31 $55,109.10
0673123 ASSOCIATED BRITISH FOODS PLC GB ABF LN 143.91 $4,576.05
0682538 PERSIMMON PLC GB PSN LN 323.53 $9,151.27
084670702 BERKSHIRE HATHAWAY INC-CL B US BRK/B 2,030.35 $407,876.55
0870612 LLOYDS BANKING GROUP PLC GB LLOY LN 10,349.36 $8,384.87
0878230 TAYLOR WIMPEY PLC GB TW/ LN 3,621.74 $8,283.67
09061G101 BIOMARIN PHARMACEUTICAL INC US BMRN 2,145.15 $190,553.71
0922320 SMITH & NEPHEW PLC GB SN/ LN 339.31 $6,738.49
09247X101 BLACKROCK INC US BLK 571.34 $244,172.44
0946580 WEIR GROUP PLC/THE GB WEIR LN 582.01 $11,829.34
09857L108 BOOKING HOLDINGS INC US BKNG 225.94 $394,239.85
101121101 BOSTON PROPERTIES INC US BXP 73.43 $9,830.23
105368203 BRANDYWINE REALTY TRUST US BDN 399.48 $6,335.68
110448107 BRITISH AMERICAN TOB-SP ADR GB BTI 102.7 $4,284.51
11134LAB5 BROADCOM CRP / CAYMN FI 2.37500 01/15/2020 US 21,226.18 $21,112.63
11680JAA0 BRUIN E&P PARTNERS LLC 8.87500 08/01/2023 US 3,721.19 $3,563.04
12503M108 CBOE GLOBAL MARKETS INC US CBOE 1,491.1 $142,310.98
125269100 CF INDUSTRIES HOLDINGS INC US CF 3,754.45 $153,481.99
12555DAA3 CIM 2019-INV1 A1 4.00000 02/25/2049 US 5,379.24 $5,466.87
12572Q105 CME GROUP INC US CME 860.43 $141,609.06
12592BAB0 CNH INDUSTRIAL CAPITAL L 3.37500 07/15/2019 US 46,264.95 $46,322.78
12596JAA1 CNH 2019-A A1 2.75334 02/28/2020 US 12,514.4 $12,514.27
12646XAH5 CSMC 2013-IVR3 A1 2.50000 05/25/2043 US 6,233.83 $5,958.52
12648TAA7 CSMC 2014-IVR3 A1 3.50000 07/25/2044 US 10,708.78 $10,745.83
133131102 CAMDEN PROPERTY TRUST US CPT 15.03 $1,525.56
13321L108 CAMECO CORP CA CCJ 278.67 $3,285.57
14980AAA0 CAZENOVIA CREEK FUNDING LLC 3.56070 07/15/2030 US 12,266.89 $12,241.67
156504AH5 CENTURY COMMUNITIES 5.87500 07/15/2025 US 21,275.77 $20,211.98
165183BB9 CFII 2017-4A A1 2.12000 11/15/2029 US 11,208.86 $11,099.43
165240102 CHESAPEAKE LODGING TRUST US CHSP 74.86 $2,081.85
172967EW7 CITIGROUP INC 8.12500 07/15/2039 US 19,537.07 $29,369.20
191216100 COCA COLA CO/THE US KO 9,310.68 $436,298.56
192422103 COGNEX CORP US CGNX 1,848.66 $94,022.87
194162103 COLGATE-PALMOLIVE CO US CL 1,892.15 $129,687.84
2011646 ALIMENTATION COUCHE-TARD -B CA ATD/B CN 43.96 $2,589.25
20369C106 COMMUNITY HEALTHCARE TRUST I US CHCT 145.71 $5,229.46
2180632 CANADIAN NATL RAILWAY CO CA CNR CN 42.4 $3,795.20
222795106 COUSINS PROPERTIES INC US CUZ 648.72 $6,266.60
22282EAH5 COVANTA HOLDING CORP 6.00000 01/01/2027 US 3,721.19 $3,721.19
22546QAD9 CREDIT SUISSE AG 5.40000 01/14/2020 CH 20,644.65 $21,017.28
22822V101 CROWN CASTLE INTL CORP US CCI 35.92 $4,598.15
228368106 CROWN HOLDINGS INC US CCK 2,224.7 $121,402.01
229663109 CUBESMART US CUBE 40.93 $1,311.50
23311RAD8 DCP MIDSTREAM OPERATING 5.35000 03/15/2020 US 3,721.19 $3,786.94
2347608 FIRST QUANTUM MINERALS LTD CA FM CN 201.51 $2,284.46
23918KAR9 DAVITA INC 5.00000 05/01/2025 US 2,868.48 $2,748.73
2434760 MEXICHEM SAB DE CV MX MEXCHEM* MM 1,701.23 $4,066.76
25271C102 DIAMOND OFFSHORE DRILLING US DO 4,973.9 $52,176.22
253868103 DIGITAL REALTY TRUST INC US DLR 52.24 $6,216.80
25470DAT6 DISCOVERY COMMUNICATIONS 5.20000 09/20/2047 US 39,364.9 $38,257.10
256677105 DOLLAR GENERAL CORP US DG 1,735.25 $207,015.43
256746108 DOLLAR TREE STORES INC US DLTR 2,472.84 $259,747.02
25787GAC4 DONNELLEY FINANCIAL SOL 8.25000 10/15/2024 US 3,721.19 $3,749.10
26151AAA7 DRAX FINCO PLC 6.62500 11/01/2025 GB 5,815.39 $5,902.62
26780TAA5 DYNAGAS LNG PARTNERS/FIN 6.25000 10/30/2019 MH 7,043.14 $6,690.98
269246401 ETRADE FINANCIAL CORP US ETFC 2,216.72 $102,922.25
2715777 QUEBECOR INC -CL B CA QBR/B CN 5,656.19 $138,658.82
2801836 SHAW COMMUNICATIONS INC-B CA SJR/B CN 6,460.72 $134,450.17
285512109 ELECTRONIC ARTS US EA 3,194.64 $324,671.15
2866857 LUNDIN MINING CORP CA LUN CN 9,670.94 $44,868.37
29444U700 EQUINIX INC US EQIX 466.61 $211,450.58
29472R108 EQUITY LIFESTYLE PROPERTIES US ELS 33.49 $3,827.99
29476L107 EQUITY RESIDENTIAL US EQR 126.81 $9,551.42
29670E107 ESSENTIAL PROPERTIES REALTY US EPRT 154.62 $3,018.09
297178105 ESSEX PROPERTY TRUST INC US ESS 22.62 $6,542.00
302154BV0 EXPORT-IMPORT BANK KOREA 2.62500 12/30/2020 KR 14,538.48 $14,504.03
30225T102 EXTRA SPACE STORAGE INC US EXR 34.49 $3,514.75
30264DAA7 FS ENERGY & POWER FUND 7.50000 08/15/2023 US 6,298.9 $6,460.31
30287EAE0 FREMF 2014-K41 B FLT 3.83248 11/25/2047 US 14,102.33 $14,375.25
30291XAE2 FREMF 2014-K715 B FLT 3.97555 02/25/2046 US 13,695.25 $13,911.62
3128M6NC8 FHLM POOL G04587 5.50000 08/01/2038 US 5,060.37 $5,525.91
3128M6NS3 FHLM POOL G04601 5.50000 07/01/2038 US 5,624.8 $6,141.43
3128P75X7 FHLM POOL C91762 4.50000 05/01/2034 US 4,573.84 $4,817.54
3128P76G3 FHLM POOL C91771 4.50000 06/01/2034 US 3,973.77 $4,185.14
3128P76R9 FHLM POOL C91780 4.50000 07/01/2034 US 4,987.5 $5,252.97
3132QQFU1 FHLM POOL Q33778 4.00000 06/01/2045 US 6,994.82 $7,225.64
31335CCY8 FHLM POOL FG G61887 MTGE 5.00000 02/01/2049 US 13,271.71 $14,050.08
3134865 BARCLAYS PLC GB BARC LN 4,223.4 $8,507.12
3136B1YD0 FNR 2018-31 KP 3.50000 07/25/2047 US 8,686.4 $8,851.62
313747206 FEDERAL RLTY INVT TR SH BEN INT US FRT 12.16 $1,676.48
3137AME78 FHMS K017 X1 FLT 1.30341 12/25/2021 US 167,924.15 $4,880.68
3137F4YU0 FHR 4791 BA MTGE 4.00000 03/15/2044 US 10,534.87 $10,856.18
3137FG2L8 FHR 4801 BA MTGE 4.50000 05/15/2044 US 10,603.96 $11,039.39
3138EGHT4 FEDERAL NATL MTG ASSN AL0241 4.00000 04/01/2041 US 8,174.53 $8,478.82
3138EHR87 FEDERAL NATL MTG ASSN AL1410 4.50000 12/01/2041 US 12,274.35 $12,965.49
3138EQST0 FEDERAL NATL MTG ASSN AL7729 4.00000 06/01/2043 US 6,890.32 $7,146.52
3138ETT89 FEDERAL NATL MTG ASSN AL8674 FLT 5.65100 01/01/2049 US 14,298.83 $15,743.65
3138WDAY7 FEDERAL NATL MTG ASSN FN AS3622 3.50000 10/01/2044 US 30,277.69 $30,874.52
3138WDRZ6 FEDERAL NATL MTG ASSN AS4103 4.50000 12/01/2044 US 7,299.22 $7,682.48
3140H2PH5 FEDERAL NATL MATG ASSN FN BJ1323 3.50000 11/01/2047 US 28,815.42 $29,321.85
3140HPMQ7 FEDERAL NATIONAL MTGE FN BK9366 4.50000 08/01/2048 US 7,207.2 $7,539.18
3140JGVQ5 FEDERAL NATL MTG ASSN FN BN0622 4.50000 01/01/2049 US 19,581.59 $20,450.55
3140Q84E2 FEDERAL NATL MTG ASSN FN CA1720 5.00000 05/01/2048 US 15,820.68 $16,732.49
3140Q9D42 FEDERAL NATL MTG ASSN FN CA1922 5.00000 06/01/2048 US 16,114.6 $17,043.41
3140Q9JA2 FEDERAL NATL MTGE ASSN FN CA2056 4.50000 07/01/2048 US 16,743.61 $17,514.83
3140Q9PD9 FEDERAL NATL MTG ASSN FN CA2219 5.00000 08/01/2048 US 12,655.6 $13,388.94
31410GCD3 FEDERAL NATL MTG ASSN 888468 5.50000 09/01/2021 US 797.26 $809.86
31410GN33 FEDERAL NATL MTG ASSN 888810 5.50000 11/01/2022 US 985.28 $1,001.09
31417YJC2 FEDERAL NATL MTG ASSN MA0258 4.50000 12/01/2039 US 4,838.66 $5,113.41
31418BBC9 FEDERAL NATL MTG ASSN MA1834 4.50000 02/01/2034 US 7,071.29 $7,435.55
31418C4M3 FEDERAL NATL MTG ASSN FN MA3527 5.00000 11/01/2048 US 27,989.46 $29,602.99
31418CAF1 FEDERAL NATL MTG ASSN FN MA2705 3.00000 08/01/2046 US 9,182.55 $9,154.58
31418MGR7 FEDERAL NATL MTG ASSN AD0207 6.00000 10/01/2038 US 5,831.85 $6,430.42
31418MKV3 FEDERAL NATL MTG ASSN AD0307 5.50000 01/01/2039 US 3,641.85 $3,989.63
31428X106 FEDEX CORPORATION US FDX 1,103.95 $200,268.25
315786AC7 FIDELITY & GUARA NTY LIFE 5.50000 05/01/2025 US 5,155.43 $5,174.76
3163836 INTERTEK GROUP PLC GB ITRK LN 61.09 $3,869.87
32054K103 FIRST INDUSTRIAL REALTY TR US FR 77.44 $2,738.19
335934AK1 FIRST QUANTUM MINERALS L 7.25000 04/01/2023 CA 2,286.95 $2,235.49
34960PAB7 FORTRESS TRANS & INFRAST 6.50000 10/01/2025 US 6,008.13 $5,933.03
35671D857 FREEPORT-MCMORAN INC US FCX 5,960.39 $76,829.49
35802XAD5 FRESENIUS MED CARE II 5.62500 07/31/2019 US 3,069.73 $3,089.47
36143WAN1 GAHR 2015-NRF BFX FLT 3.38216 12/15/2034 US 16,428.49 $16,359.38
36246MAT6 GTP AQUISITION PARTNERS 2.35000 06/15/2020 US 3,576.47 $3,535.94
369604BQ5 GENERAL ELECTRIC CO 5.00000 01/21/2021 US 36,787.19 $34,359.23
37045VAR1 GENERAL MOTORS CO FLT 3.50063 09/10/2021 US 27,435.2 $27,211.04
37045XAR7 GENERAL MOTORS FINL CO 3.15000 01/15/2020 US 21,807.72 $21,838.20
37185LAF9 GENESIS ENERGY LP/GENESI 5.62500 06/15/2024 US 4,864.66 $4,670.07
374297109 GETTY REALTY CORP US GTY 90.31 $2,892.52
37953TAB1 GLOBAL SHIP LEASE INC 9.87500 11/15/2022 MH 8,023.92 $7,923.62
38141GVR2 GOLDMAN SACHS GROUP INC 4.25000 10/21/2025 US 9,013.86 $9,226.73
38379RRX3 GNR 2017-54 AH MTGE 2.60000 12/16/2056 US 14,136.28 $13,638.07
39807UAB2 GREYSTAR REAL ESTATE PAR 5.75000 12/01/2025 US 3,721.19 $3,730.49
400506101 GRUPO AEROPORTUARIO PAC-ADR MX PAC 27.84 $2,476.95
4012250 AIRBUS SE FR AIR FP 35.83 $4,748.13
4031976 ADIDAS AG DE ADS GR 15.7 $3,818.17
40414L109 HCP INC US HCP 161.03 $5,040.20
4057808 L'OREAL FR OR FP 23.27 $6,265.47
4061412 LVMH MOET HENNESSY LOUIS VUITTON FR MC FP 15.84 $5,835.77
406216101 HALLIBURTON CO US HAL 6,432.41 $188,469.72
4076836 INTESA SANPAOLO IT ISP IM 1,348.19 $3,290.30
4162791 THALES SA FR HO FP 6.42 $769.75
4163437 CAP GEMINI FR CAP FP 10.56 $1,281.67
421946104 HEALTHCARE REALTY TRUST INC US HR 135.83 $4,361.60
42225P501 HEALTHCARE TRUST OF AMERICA US HTA 215.7 $6,166.95
43300A203 HILTON WORLDWIDE HOLDINGS INC US HLT 34.92 $2,902.61
44107P104 HOST MARRIOTT CORP US HST 160.43 $3,032.08
444454AD4 HUGHES SATELLITE SYSTEMS 5.25000 08/01/2026 US 7,733.15 $7,675.15
45031UCD1 ISTAR INC 5.25000 09/15/2022 US 5,068.2 $4,973.17
45337C102 INCYTE CORP US INCY 2,639.67 $227,037.91
45378A106 INDEPENDENCE REALTY TRUST IN US IRT 265.8 $2,868.02
4574813 MEDIOBANCA SPA IT MB IM 333.55 $3,472.96
45763PAE6 INMARSAT FINANCE PLC 4.87500 05/15/2022 GB 1,163.08 $1,180.76
45866F104 INTERCONTINENTALEXCHANGE INC US ICE 1,959.24 $149,176.42
459745GH2 INTL LEASE FINANCE CORP 6.25000 05/15/2019 US 48,173.9 $48,349.95
46120E602 INTUITIVE SURGICAL INC US ISRG 373.48 $213,102.48
46187BAA1 IHSFR 2017-SFR2 A 3.33175 12/17/2036 US 4,658.27 $4,637.85
46187BAB9 IHSFR 2017-SFR2 B 3.63175 12/17/2036 US 3,489.24 $3,486.86
46187W107 INVITATION HOMES INC US INVH 214.01 $5,206.89
464286624 ISHARES MSCI THAILAND ETF TH 147.52 $13,030.53
464287739 ISHARES DJ US REAL ESTATE US 15.88 $1,382.44
46625HHL7 JPMORGAN CHASE & CO 6.30000 04/23/2019 US 68,670.5 $68,803.70
46640BAC8 JPMMT 2013-2 A2 3.50000 05/25/2043 US 3,371.32 $3,360.64
46641YAA1 JPMMT 2014-2 1A1 3.00000 06/25/2029 US 5,417.02 $5,421.78
46647PAY2 JPMORGAN CHASE & CO 4.02300 12/05/2024 US 26,727.88 $27,737.74
4682329 PERNOD-RICARD SA FR RI FP 27.4 $4,920.73
4712798 RENAULT SA FR RNO FP 18.98 $1,255.14
4741844 MERCK KGAA DE MRK GR 1,150.79 $131,387.23
476405105 JERNIGAN CAPITAL INC US JCAP 173.16 $3,643.27
478160104 JOHNSON & JOHNSON US JNJ 3,097.13 $432,947.46
47987LAA9 JONAH NRG LLC/FINANCE 7.25000 10/15/2025 US 21,642.01 $11,470.27
4821100 SOLVAY SA BE SOLB BB 88.49 $9,580.66
4824778 SGS SA-REG CH SGSN SW 1.14 $2,848.05
4834108 SCHNEIDER ELECTRIC SE FR SU FP 49.67 $3,898.74
4834777 VIVENDI FR VIV FP 61.09 $1,770.33
4846288 SAP AG DE SAP GR 33.68 $3,893.98
49446R109 KIMCO REALTY CORP US KIM 137.39 $2,541.77
494550AW6 KINDER MORGAN ENER PART 6.95000 01/15/2038 US 46,846.49 $57,200.62
500630CK2 KOREA DEVELOPMENT BANK 1.37500 09/12/2019 KR 26,169.27 $26,013.81
50187TAE6 LGI HOMES INC 6.87500 07/15/2026 US 6,444.29 $6,428.18
50212YAB0 LPL HOLDINGS INC 5.75000 09/15/2025 US 4,011.96 $4,063.31
502160AM6 LSB INDUSTRIES 9.62500 05/01/2023 US 3,721.19 $3,852.17
5076705 HENKEL AG & CO KGAA VORZUG DE HEN3 GR 37.68 $3,849.52
5107401 BEIERSDORF AG DE BEI GR 1,671.03 $173,964.68
5176177 ORANGE FR ORA FP 131.74 $2,147.76
5253973 HERMES INTERNATIONAL FR RMS FP 5.28 $3,487.05
5263574 FLSMIDTH & CO A/S DK FLS DC 17.84 $771.44
529043101 LEXINGTON REALTY TRUST US LXP 269.65 $2,443.03
531172104 LIBERTY PROPERTY TRUST US LPT 121.09 $5,863.36
5330047 DASSAULT SYSTEMES SA FR DSY FP 8.42 $1,255.12
53815P108 LIVERAMP HOLDINGS INC US RAMP 3,311.78 $180,723.64
54238XAC2 LONESTAR RESOURCES AMERICA 11.25000 01/01/2023 US 3,575.8 $3,468.53
5474008 BANKINTER S.A. ES BKT SM 734.1 $5,595.11
5476929 BARRY CALLEBAUT AG-REG CH BARN SW 1 $1,804.08
550021109 LULULEMON - ADR CA LULU 1,632.78 $267,563.44
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G37585AC3 GASLOG LTD 8.87500 03/22/2022 BM 8,731.23 $9,036.83
G5960L103 MEDTRONIC INC IE MDT 4,250.45 $387,130.90
G8473T100 STERIS PLC GB STE 19.98 $2,558.21
G97822103 PERRIGO CO PLC IE PRGO 1,278.35 $61,565.53
H8817H100 TRANSOCEAN LTD US RIG 8,867.95 $77,239.82
M22465104 CHECK POINT SOFTWARE TECH IL CHKP 29.69 $3,755.62
N22717107 CORE LABORATORIES N.V. NL CLB 63.23 $4,358.38
N47279109 INTERXION HOLDING NV NL INXN 2,025.12 $135,136.47
N72482123 QIAGEN N.V. ADR NL QGEN 3,148.86 $128,095.74

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 2018 Distributions
  • Second Quarter 2018 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

$12.84

Daily $ Change

$0.01

Daily % Change

0.08%

as of 04/18/2019

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 65% - 92%.

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 03/31/2019

YTD

12.41%

1 Year

4.28%

3 Year

9.61%

5 Year

5.46%

10 Year

---

Inception
(06/25/2012)

9.95%

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 2.11%
Net 1.26%*

*Includes acquired fund fees and expenses of the underlying Series, and a 12b-1 fee of 0.50%. 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 03/31/2019

TREASURY NOTES 5.74%
TREASURY BONDS 2.90%
MICROSOFT CORP 2.06%
MASTERCARD INC-CLASS A 2.04%
COCA COLA CO/THE 1.93%
MONDELEZ INTERNATIONAL INC 1.92%
JOHNSON & JOHNSON 1.92%
VISA INC - CLASS A SHARES 1.87%
TENCENT HOLDINGS LTD 1.86%
BERKSHIRE HATHAWAY INC-CL B 1.81%

Top Ten Investments list is unaudited and excludes cash

Asset Allocation

As of 03/31/2019

Stocks
80.32%
Bonds
19.68%

Detailed Asset Class Allocation

As of 03/31/2019

International Equities
24.94%
Small Capitalization
1.36%
Mid Capitalization
4.38%
Large Capitalization
49.64%
Long Term Fixed Income
5.38%
Intermediate Term Fixed Income
9.65%
Short Term Fixed Income
4.65%

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

March Fund Holdings

As of 03/31/2019

CUSIP Security Description Country Ticker Shares/Par Market Value (USD)
00101JAH9 ADT SEC CORP 4.12500 06/15/2023 US 3,721.19 $3,589.09
00101JAM8 ADT CORP 5.25000 03/15/2020 US 3,721.19 $3,758.40
00206RDQ2 AT&T INC 4.25000 03/01/2027 US 36,496.42 $37,523.59
00254EML3 SWEDISH EXPORT CREDIT 1.12500 08/28/2019 SE 18,056.8 $17,949.48
00289XAA7 ABENGOA YIELD PLC 7.00000 11/15/2019 GB 48,566.86 $48,809.69
004239109 ACADIA REALTY TRUST US AKR 53.24 $1,451.86
00774MAG0 AERCAP IRELAND CAP / GLOBA 4.45000 10/01/2025 IE 36,787.19 $36,992.11
00790X101 ADVANCED DISPOSAL SERVICES US ADSW 7,444.1 $208,434.75
0081180 BARRATT DEVELOPMENTS PLC GB BDEV LN 1,103.53 $8,620.07
008492100 AGREE REALTY CORP US ADC 31.91 $2,212.71
00928QAK7 AIRCASTLE LTD 6.25000 12/01/2019 BM 4,864.66 $4,953.63
0136701 BRITISH LAND CO PLC GB BLND LN 552.93 $4,245.20
015271109 ALEXANDRIA REAL EST EQUITIES US ARE 12.31 $1,754.49
01609W102 ALIBABA GROUP - ADR CN BABA 44.95 $8,201.71
02079K107 ALPHABET INC-CL C US GOOG 244.61 $287,003.33
02079K305 ALPHABET INC-CL A US GOOGL 242.45 $285,335.58
02209S103 ALTRIA GROUP INC US MO 2,201.68 $126,442.45
023135106 AMAZON.COM INC US AMZN 126.75 $225,702.42
02319V103 AMBEV SA-ADR BR ABEV 43,747.49 $188,114.21
0237400 DIAGEO PLC GB DGE LN 4,740.02 $193,972.47
02376RAA0 AMERICAN AIRLINES GROUP 5.50000 10/01/2019 US 8,499.28 $8,604.67
024835100 AMERICAN CAMPUS COMMUNITIES US ACC 50.1 $2,383.78
0263494 BAE SYSTEMS PLC GB BA/ LN 1,190.84 $7,485.37
02665T306 AMERICAN HOMES 4 RENT- A US AMH 315.85 $7,176.00
02666TAA5 AMERICAN HOMES 4 RENT 4.25000 02/15/2028 US 17,540.89 $17,360.43
02753GAA7 AMERICAN MIDSTREAM PTR/F 9.50000 12/15/2021 US 6,153.52 $5,661.24
03027X100 AMERICAN TOWER REIT INC US AMT 1,768.97 $348,592.73
03064D108 AMERICOLD REALTY TRUST US COLD 48.67 $1,484.81
03690AAD8 ANTERO MIDSTREAM PART / FI 5.75000 03/01/2027 US 3,721.19 $3,777.01
03748R754 APARTMENT INVT & MGMT CO -A US AIV 92.12 $4,632.85
03784Y200 APPLE HOSPITALITY REIT INC US APLE 87.87 $1,432.35
0405207 HALMA PLC GB HLMA LN 218.9 $4,772.54
0490656 KERRY GROUP PLC-A IE KYGA LN 99.95 $11,100.29
05278C107 AUTOHOME INC-ADR CN ATHM 71.36 $7,501.28
053332102 AUTOZONE INC US AZO 317.21 $324,856.56
053484101 AVALONBAY COMMUNITIES INC US AVB 57.54 $11,550.57
058498106 BALL CORP US BLL 4,228.74 $244,675.00
06051GFM6 BANK OF AMERICA CORP 4.00000 01/22/2025 US 54,037.31 $55,109.10
0673123 ASSOCIATED BRITISH FOODS PLC GB ABF LN 143.91 $4,576.05
0682538 PERSIMMON PLC GB PSN LN 323.53 $9,151.27
084670702 BERKSHIRE HATHAWAY INC-CL B US BRK/B 2,030.35 $407,876.55
0870612 LLOYDS BANKING GROUP PLC GB LLOY LN 10,349.36 $8,384.87
0878230 TAYLOR WIMPEY PLC GB TW/ LN 3,621.74 $8,283.67
09061G101 BIOMARIN PHARMACEUTICAL INC US BMRN 2,145.15 $190,553.71
0922320 SMITH & NEPHEW PLC GB SN/ LN 339.31 $6,738.49
09247X101 BLACKROCK INC US BLK 571.34 $244,172.44
0946580 WEIR GROUP PLC/THE GB WEIR LN 582.01 $11,829.34
09857L108 BOOKING HOLDINGS INC US BKNG 225.94 $394,239.85
101121101 BOSTON PROPERTIES INC US BXP 73.43 $9,830.23
105368203 BRANDYWINE REALTY TRUST US BDN 399.48 $6,335.68
110448107 BRITISH AMERICAN TOB-SP ADR GB BTI 102.7 $4,284.51
11134LAB5 BROADCOM CRP / CAYMN FI 2.37500 01/15/2020 US 21,226.18 $21,112.63
11680JAA0 BRUIN E&P PARTNERS LLC 8.87500 08/01/2023 US 3,721.19 $3,563.04
12503M108 CBOE GLOBAL MARKETS INC US CBOE 1,491.1 $142,310.98
125269100 CF INDUSTRIES HOLDINGS INC US CF 3,754.45 $153,481.99
12555DAA3 CIM 2019-INV1 A1 4.00000 02/25/2049 US 5,379.24 $5,466.87
12572Q105 CME GROUP INC US CME 860.43 $141,609.06
12592BAB0 CNH INDUSTRIAL CAPITAL L 3.37500 07/15/2019 US 46,264.95 $46,322.78
12596JAA1 CNH 2019-A A1 2.75334 02/28/2020 US 12,514.4 $12,514.27
12646XAH5 CSMC 2013-IVR3 A1 2.50000 05/25/2043 US 6,233.83 $5,958.52
12648TAA7 CSMC 2014-IVR3 A1 3.50000 07/25/2044 US 10,708.78 $10,745.83
133131102 CAMDEN PROPERTY TRUST US CPT 15.03 $1,525.56
13321L108 CAMECO CORP CA CCJ 278.67 $3,285.57
14980AAA0 CAZENOVIA CREEK FUNDING LLC 3.56070 07/15/2030 US 12,266.89 $12,241.67
156504AH5 CENTURY COMMUNITIES 5.87500 07/15/2025 US 21,275.77 $20,211.98
165183BB9 CFII 2017-4A A1 2.12000 11/15/2029 US 11,208.86 $11,099.43
165240102 CHESAPEAKE LODGING TRUST US CHSP 74.86 $2,081.85
172967EW7 CITIGROUP INC 8.12500 07/15/2039 US 19,537.07 $29,369.20
191216100 COCA COLA CO/THE US KO 9,310.68 $436,298.56
192422103 COGNEX CORP US CGNX 1,848.66 $94,022.87
194162103 COLGATE-PALMOLIVE CO US CL 1,892.15 $129,687.84
2011646 ALIMENTATION COUCHE-TARD -B CA ATD/B CN 43.96 $2,589.25
20369C106 COMMUNITY HEALTHCARE TRUST I US CHCT 145.71 $5,229.46
2180632 CANADIAN NATL RAILWAY CO CA CNR CN 42.4 $3,795.20
222795106 COUSINS PROPERTIES INC US CUZ 648.72 $6,266.60
22282EAH5 COVANTA HOLDING CORP 6.00000 01/01/2027 US 3,721.19 $3,721.19
22546QAD9 CREDIT SUISSE AG 5.40000 01/14/2020 CH 20,644.65 $21,017.28
22822V101 CROWN CASTLE INTL CORP US CCI 35.92 $4,598.15
228368106 CROWN HOLDINGS INC US CCK 2,224.7 $121,402.01
229663109 CUBESMART US CUBE 40.93 $1,311.50
23311RAD8 DCP MIDSTREAM OPERATING 5.35000 03/15/2020 US 3,721.19 $3,786.94
2347608 FIRST QUANTUM MINERALS LTD CA FM CN 201.51 $2,284.46
23918KAR9 DAVITA INC 5.00000 05/01/2025 US 2,868.48 $2,748.73
2434760 MEXICHEM SAB DE CV MX MEXCHEM* MM 1,701.23 $4,066.76
25271C102 DIAMOND OFFSHORE DRILLING US DO 4,973.9 $52,176.22
253868103 DIGITAL REALTY TRUST INC US DLR 52.24 $6,216.80
25470DAT6 DISCOVERY COMMUNICATIONS 5.20000 09/20/2047 US 39,364.9 $38,257.10
256677105 DOLLAR GENERAL CORP US DG 1,735.25 $207,015.43
256746108 DOLLAR TREE STORES INC US DLTR 2,472.84 $259,747.02
25787GAC4 DONNELLEY FINANCIAL SOL 8.25000 10/15/2024 US 3,721.19 $3,749.10
26151AAA7 DRAX FINCO PLC 6.62500 11/01/2025 GB 5,815.39 $5,902.62
26780TAA5 DYNAGAS LNG PARTNERS/FIN 6.25000 10/30/2019 MH 7,043.14 $6,690.98
269246401 ETRADE FINANCIAL CORP US ETFC 2,216.72 $102,922.25
2715777 QUEBECOR INC -CL B CA QBR/B CN 5,656.19 $138,658.82
2801836 SHAW COMMUNICATIONS INC-B CA SJR/B CN 6,460.72 $134,450.17
285512109 ELECTRONIC ARTS US EA 3,194.64 $324,671.15
2866857 LUNDIN MINING CORP CA LUN CN 9,670.94 $44,868.37
29444U700 EQUINIX INC US EQIX 466.61 $211,450.58
29472R108 EQUITY LIFESTYLE PROPERTIES US ELS 33.49 $3,827.99
29476L107 EQUITY RESIDENTIAL US EQR 126.81 $9,551.42
29670E107 ESSENTIAL PROPERTIES REALTY US EPRT 154.62 $3,018.09
297178105 ESSEX PROPERTY TRUST INC US ESS 22.62 $6,542.00
302154BV0 EXPORT-IMPORT BANK KOREA 2.62500 12/30/2020 KR 14,538.48 $14,504.03
30225T102 EXTRA SPACE STORAGE INC US EXR 34.49 $3,514.75
30264DAA7 FS ENERGY & POWER FUND 7.50000 08/15/2023 US 6,298.9 $6,460.31
30287EAE0 FREMF 2014-K41 B FLT 3.83248 11/25/2047 US 14,102.33 $14,375.25
30291XAE2 FREMF 2014-K715 B FLT 3.97555 02/25/2046 US 13,695.25 $13,911.62
3128M6NC8 FHLM POOL G04587 5.50000 08/01/2038 US 5,060.37 $5,525.91
3128M6NS3 FHLM POOL G04601 5.50000 07/01/2038 US 5,624.8 $6,141.43
3128P75X7 FHLM POOL C91762 4.50000 05/01/2034 US 4,573.84 $4,817.54
3128P76G3 FHLM POOL C91771 4.50000 06/01/2034 US 3,973.77 $4,185.14
3128P76R9 FHLM POOL C91780 4.50000 07/01/2034 US 4,987.5 $5,252.97
3132QQFU1 FHLM POOL Q33778 4.00000 06/01/2045 US 6,994.82 $7,225.64
31335CCY8 FHLM POOL FG G61887 MTGE 5.00000 02/01/2049 US 13,271.71 $14,050.08
3134865 BARCLAYS PLC GB BARC LN 4,223.4 $8,507.12
3136B1YD0 FNR 2018-31 KP 3.50000 07/25/2047 US 8,686.4 $8,851.62
313747206 FEDERAL RLTY INVT TR SH BEN INT US FRT 12.16 $1,676.48
3137AME78 FHMS K017 X1 FLT 1.30341 12/25/2021 US 167,924.15 $4,880.68
3137F4YU0 FHR 4791 BA MTGE 4.00000 03/15/2044 US 10,534.87 $10,856.18
3137FG2L8 FHR 4801 BA MTGE 4.50000 05/15/2044 US 10,603.96 $11,039.39
3138EGHT4 FEDERAL NATL MTG ASSN AL0241 4.00000 04/01/2041 US 8,174.53 $8,478.82
3138EHR87 FEDERAL NATL MTG ASSN AL1410 4.50000 12/01/2041 US 12,274.35 $12,965.49
3138EQST0 FEDERAL NATL MTG ASSN AL7729 4.00000 06/01/2043 US 6,890.32 $7,146.52
3138ETT89 FEDERAL NATL MTG ASSN AL8674 FLT 5.65100 01/01/2049 US 14,298.83 $15,743.65
3138WDAY7 FEDERAL NATL MTG ASSN FN AS3622 3.50000 10/01/2044 US 30,277.69 $30,874.52
3138WDRZ6 FEDERAL NATL MTG ASSN AS4103 4.50000 12/01/2044 US 7,299.22 $7,682.48
3140H2PH5 FEDERAL NATL MATG ASSN FN BJ1323 3.50000 11/01/2047 US 28,815.42 $29,321.85
3140HPMQ7 FEDERAL NATIONAL MTGE FN BK9366 4.50000 08/01/2048 US 7,207.2 $7,539.18
3140JGVQ5 FEDERAL NATL MTG ASSN FN BN0622 4.50000 01/01/2049 US 19,581.59 $20,450.55
3140Q84E2 FEDERAL NATL MTG ASSN FN CA1720 5.00000 05/01/2048 US 15,820.68 $16,732.49
3140Q9D42 FEDERAL NATL MTG ASSN FN CA1922 5.00000 06/01/2048 US 16,114.6 $17,043.41
3140Q9JA2 FEDERAL NATL MTGE ASSN FN CA2056 4.50000 07/01/2048 US 16,743.61 $17,514.83
3140Q9PD9 FEDERAL NATL MTG ASSN FN CA2219 5.00000 08/01/2048 US 12,655.6 $13,388.94
31410GCD3 FEDERAL NATL MTG ASSN 888468 5.50000 09/01/2021 US 797.26 $809.86
31410GN33 FEDERAL NATL MTG ASSN 888810 5.50000 11/01/2022 US 985.28 $1,001.09
31417YJC2 FEDERAL NATL MTG ASSN MA0258 4.50000 12/01/2039 US 4,838.66 $5,113.41
31418BBC9 FEDERAL NATL MTG ASSN MA1834 4.50000 02/01/2034 US 7,071.29 $7,435.55
31418C4M3 FEDERAL NATL MTG ASSN FN MA3527 5.00000 11/01/2048 US 27,989.46 $29,602.99
31418CAF1 FEDERAL NATL MTG ASSN FN MA2705 3.00000 08/01/2046 US 9,182.55 $9,154.58
31418MGR7 FEDERAL NATL MTG ASSN AD0207 6.00000 10/01/2038 US 5,831.85 $6,430.42
31418MKV3 FEDERAL NATL MTG ASSN AD0307 5.50000 01/01/2039 US 3,641.85 $3,989.63
31428X106 FEDEX CORPORATION US FDX 1,103.95 $200,268.25
315786AC7 FIDELITY & GUARA NTY LIFE 5.50000 05/01/2025 US 5,155.43 $5,174.76
3163836 INTERTEK GROUP PLC GB ITRK LN 61.09 $3,869.87
32054K103 FIRST INDUSTRIAL REALTY TR US FR 77.44 $2,738.19
335934AK1 FIRST QUANTUM MINERALS L 7.25000 04/01/2023 CA 2,286.95 $2,235.49
34960PAB7 FORTRESS TRANS & INFRAST 6.50000 10/01/2025 US 6,008.13 $5,933.03
35671D857 FREEPORT-MCMORAN INC US FCX 5,960.39 $76,829.49
35802XAD5 FRESENIUS MED CARE II 5.62500 07/31/2019 US 3,069.73 $3,089.47
36143WAN1 GAHR 2015-NRF BFX FLT 3.38216 12/15/2034 US 16,428.49 $16,359.38
36246MAT6 GTP AQUISITION PARTNERS 2.35000 06/15/2020 US 3,576.47 $3,535.94
369604BQ5 GENERAL ELECTRIC CO 5.00000 01/21/2021 US 36,787.19 $34,359.23
37045VAR1 GENERAL MOTORS CO FLT 3.50063 09/10/2021 US 27,435.2 $27,211.04
37045XAR7 GENERAL MOTORS FINL CO 3.15000 01/15/2020 US 21,807.72 $21,838.20
37185LAF9 GENESIS ENERGY LP/GENESI 5.62500 06/15/2024 US 4,864.66 $4,670.07
374297109 GETTY REALTY CORP US GTY 90.31 $2,892.52
37953TAB1 GLOBAL SHIP LEASE INC 9.87500 11/15/2022 MH 8,023.92 $7,923.62
38141GVR2 GOLDMAN SACHS GROUP INC 4.25000 10/21/2025 US 9,013.86 $9,226.73
38379RRX3 GNR 2017-54 AH MTGE 2.60000 12/16/2056 US 14,136.28 $13,638.07
39807UAB2 GREYSTAR REAL ESTATE PAR 5.75000 12/01/2025 US 3,721.19 $3,730.49
400506101 GRUPO AEROPORTUARIO PAC-ADR MX PAC 27.84 $2,476.95
4012250 AIRBUS SE FR AIR FP 35.83 $4,748.13
4031976 ADIDAS AG DE ADS GR 15.7 $3,818.17
40414L109 HCP INC US HCP 161.03 $5,040.20
4057808 L'OREAL FR OR FP 23.27 $6,265.47
4061412 LVMH MOET HENNESSY LOUIS VUITTON FR MC FP 15.84 $5,835.77
406216101 HALLIBURTON CO US HAL 6,432.41 $188,469.72
4076836 INTESA SANPAOLO IT ISP IM 1,348.19 $3,290.30
4162791 THALES SA FR HO FP 6.42 $769.75
4163437 CAP GEMINI FR CAP FP 10.56 $1,281.67
421946104 HEALTHCARE REALTY TRUST INC US HR 135.83 $4,361.60
42225P501 HEALTHCARE TRUST OF AMERICA US HTA 215.7 $6,166.95
43300A203 HILTON WORLDWIDE HOLDINGS INC US HLT 34.92 $2,902.61
44107P104 HOST MARRIOTT CORP US HST 160.43 $3,032.08
444454AD4 HUGHES SATELLITE SYSTEMS 5.25000 08/01/2026 US 7,733.15 $7,675.15
45031UCD1 ISTAR INC 5.25000 09/15/2022 US 5,068.2 $4,973.17
45337C102 INCYTE CORP US INCY 2,639.67 $227,037.91
45378A106 INDEPENDENCE REALTY TRUST IN US IRT 265.8 $2,868.02
4574813 MEDIOBANCA SPA IT MB IM 333.55 $3,472.96
45763PAE6 INMARSAT FINANCE PLC 4.87500 05/15/2022 GB 1,163.08 $1,180.76
45866F104 INTERCONTINENTALEXCHANGE INC US ICE 1,959.24 $149,176.42
459745GH2 INTL LEASE FINANCE CORP 6.25000 05/15/2019 US 48,173.9 $48,349.95
46120E602 INTUITIVE SURGICAL INC US ISRG 373.48 $213,102.48
46187BAA1 IHSFR 2017-SFR2 A 3.33175 12/17/2036 US 4,658.27 $4,637.85
46187BAB9 IHSFR 2017-SFR2 B 3.63175 12/17/2036 US 3,489.24 $3,486.86
46187W107 INVITATION HOMES INC US INVH 214.01 $5,206.89
464286624 ISHARES MSCI THAILAND ETF TH 147.52 $13,030.53
464287739 ISHARES DJ US REAL ESTATE US 15.88 $1,382.44
46625HHL7 JPMORGAN CHASE & CO 6.30000 04/23/2019 US 68,670.5 $68,803.70
46640BAC8 JPMMT 2013-2 A2 3.50000 05/25/2043 US 3,371.32 $3,360.64
46641YAA1 JPMMT 2014-2 1A1 3.00000 06/25/2029 US 5,417.02 $5,421.78
46647PAY2 JPMORGAN CHASE & CO 4.02300 12/05/2024 US 26,727.88 $27,737.74
4682329 PERNOD-RICARD SA FR RI FP 27.4 $4,920.73
4712798 RENAULT SA FR RNO FP 18.98 $1,255.14
4741844 MERCK KGAA DE MRK GR 1,150.79 $131,387.23
476405105 JERNIGAN CAPITAL INC US JCAP 173.16 $3,643.27
478160104 JOHNSON & JOHNSON US JNJ 3,097.13 $432,947.46
47987LAA9 JONAH NRG LLC/FINANCE 7.25000 10/15/2025 US 21,642.01 $11,470.27
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BH4TZ73 FU SHOU YUAN INTERNATIONAL CN 1448 HK 7,792.93 $7,161.98
BHC8X90 NOVO NORDISK A/S-B DK NOVOB DC 71.94 $3,760.01
BJ2KSG2 AKZO NOBEL NL AKZA NA 1,908.07 $169,501.34
BMMV2K8 TENCENT HOLDINGS LTD CN 700 HK 9,112.44 $419,061.18
BMTRW10 B&M EUROPEAN VALUE RETAIL SA GB BME LN 756.64 $3,685.78
BNGN9Z1 FINECOBANK SPA IT FBK IM 7,454.75 $98,219.17
BP9DL90 INDUSTRIA DE DISENO TEXTIL ES ITX SM 5,521.47 $162,339.77
BQRRZ00 RECRUIT HOLDINGS CO LTD JP 6098 JP 128.49 $3,683.97
BSQXJ01 THULE GROUP AB/THE SE THULE SS 288.45 $6,527.71
BSS7GP5 AGL ENERGY LTD AU AGL AU 160.85 $2,486.37
BW1YVH8 WALMART DE MEXICO SAB DE CV MX WALMEX* MM 1,463.81 $3,913.26
BYMXPS7 UNICREDIT SPA IT UCG IM 253.26 $3,253.24
BYNXBZ5 ADO PROPERTIES SA DE ADJ GR 56.8 $3,229.86
BYW0PQ6 LAND SECURITIES GROUP PLC GB LAND LN 354.03 $4,215.04
BYWPGC4 CHINA YUHUA EDUCATION CORP L CN 6169 HK 9,647.64 $3,969.80
BYXS699 QIAGEN N.V. NL QIA GR 148 $6,007.65
BYYHL23 ANHEUSER-BUSCH INBEV SA/NV BE ABI BB 3,075.47 $258,168.78
BYZFZ91 SOPHOS GROUP PLC GB SOPH LN 1,207.41 $4,737.13
G02602103 AMDOCS LTD GG DOX 1,505.7 $81,473.20
G0750C108 AXALTA COATING SYSTEMS LTD US AXTA 3,384.38 $85,320.19
G0772R208 BANK OF N.T. BUTTERFIELD&SON BM NTB 104.63 $3,753.98
G25839104 COCA-COLA EUROPEAN PARTNERS GB CCEP 48.67 $2,518.41
G27358103 DESPEGAR.COM CORP AR DESP 121.97 $1,817.37
G37585AC3 GASLOG LTD 8.87500 03/22/2022 BM 8,731.23 $9,036.83
G5960L103 MEDTRONIC INC IE MDT 4,250.45 $387,130.90
G8473T100 STERIS PLC GB STE 19.98 $2,558.21
G97822103 PERRIGO CO PLC IE PRGO 1,278.35 $61,565.53
H8817H100 TRANSOCEAN LTD US RIG 8,867.95 $77,239.82
M22465104 CHECK POINT SOFTWARE TECH IL CHKP 29.69 $3,755.62
N22717107 CORE LABORATORIES N.V. NL CLB 63.23 $4,358.38
N47279109 INTERXION HOLDING NV NL INXN 2,025.12 $135,136.47
N72482123 QIAGEN N.V. ADR NL QGEN 3,148.86 $128,095.74

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 2018 Distributions
  • Second Quarter 2018 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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