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 an aggressive, growth-oriented mix of securities that seeks to earn the long-term growth typically associated with the stock market. The portfolio is diversified primarily among various stock investments in both domestic and foreign markets, with only a minor portion of the portfolio invested in fixed income securities. Stock exposure can range from 70% - 95%.

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 2055.
  • 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

$13.34

Daily $ Change

-$0.02

Daily % Change

-0.15%

as of 08/22/2019

Ticker

MTZIX

CUSIP

56382P278

Inception Date

06/25/2012

Investment Minimum

$1,000,000.00

Investment minimum may be waived for certain qualified retirement plans.

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 07/31/2019

YTD

19.55%

1 Year

5.50%

3 Year

10.11%

5 Year

6.52%

10 Year

---

Inception
(06/25/2012)

11.14%

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 2.65%
Net 0.75%*

*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 07/31/2019

TREASURY NOTES 8.24%
MASTERCARD INC-CLASS A 2.18%
COCA COLA CO/THE 2.16%
MICROSOFT CORP 2.10%
MONDELEZ INTERNATIONAL INC 2.04%
SERVICENOW INC 2.02%
VISA INC - CLASS A SHARES 1.96%
TREASURY BILLS 1.95%
BERKSHIRE HATHAWAY INC-CL B 1.92%
TENCENT HOLDINGS LTD 1.89%

Top Ten Investments list is unaudited and excludes cash.

Asset Allocation

As of 07/31/2019

Stocks 83.70%
Bonds 15.32%
Cash 0.98%

Detailed Asset Class Allocation

As of 07/31/2019

International Equities 26.54%
Small Capitalization 1.81%
Mid Capitalization 2.69%
Large Capitalization 52.67%
Long Term Fixed Income 2.03%
Intermediate Term Fixed Income 8.78%
Short Term Fixed Income 4.50%
Cash 0.98%

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

July Fund Holdings

As of 07/31/2019

CUSIP Security Description Country Ticker Shares/Par Market Value (USD)
00101JAM8 ADT CORP 5.25000 03/15/2020 US 1,518.39 $1,529.78
00206RDQ2 AT&T INC 4.25000 03/01/2027 US 11,134.89 $11,976.65
00287Y109 ABBVIE INC US ABBV 28.65 $1,908.47
004239109 ACADIA REALTY TRUST US AKR 21.76 $610.91
00507V109 ACTIVISION INC US ATVI 2,290.75 $111,651.18
00751Y106 ADVANCE AUTO PARTS INC US AAP 611.41 $92,102.30
00774MAG0 AERCAP IRELAND CAP / GLOBA 4.45000 10/01/2025 IE 11,134.89 $11,778.70
008492100 AGREE REALTY CORP US ADC 13.16 $879.71
015271109 ALEXANDRIA REAL EST EQUITIES US ARE 5.06 $740.77
01609W102 ALIBABA GROUP - ADR CN BABA 33.4 $5,782.68
020002101 ALLSTATE CORPORATION US ALL 6.78 $728.40
02079K107 ALPHABET INC-CL C US GOOG 144.25 $175,502.97
02079K305 ALPHABET INC-CL A US GOOGL 143.74 $175,105.66
02209S103 ALTRIA GROUP INC US MO 1,632.27 $76,831.12
023135106 AMAZON.COM INC US AMZN 68.33 $127,552.84
02319V103 AMBEV SA-ADR BR ABEV 22,723.27 $119,751.65
0237400 DIAGEO PLC GB DGE LN 2,032.62 $84,760.89
02376RAA0 AMERICAN AIRLINES GROUP 5.50000 10/01/2019 US 2,024.53 $2,031.21
024835100 AMERICAN CAMPUS COMMUNITIES US ACC 20.25 $946.47
0263494 BAE SYSTEMS PLC GB BA/ LN 698.46 $4,640.40
02665T306 AMERICAN HOMES 4 RENT- A US AMH 129.57 $3,136.88
03019LAA4 AMERICAN TANKER INC 9.25000 02/22/2022 US 1,518.39 $1,533.86
03027X100 AMERICAN TOWER REIT INC US AMT 612.93 $129,707.20
03064D108 AMERICOLD REALTY TRUST US COLD 59.22 $1,985.56
031162100 AMGEN INC US AMGN 12.65 $2,360.85
03690AAF3 ANTERO MIDSTREAM PART/FI 5.75000 01/15/2028 US 2,530.66 $2,363.00
03748R754 APARTMENT INVT & MGMT CO -A US AIV 46.97 $2,326.84
038222105 APPLIED MATERIALS INC US AMAT 19.13 $944.54
039483102 ARCHER-DANIELS-MIDLAND CO US ADM 13.36 $548.91
03968AAA9 ARD SECURITIES FINANCE 8.75000 01/31/2023 LU 506.13 $522.58
0405207 HALMA PLC GB HLMA LN 106.29 $2,566.79
045086AF2 ASHTON WOODS USA/FINANCE 6.75000 08/01/2025 US 1,012.26 $984.43
0490656 KERRY GROUP PLC-A IE KYGA LN 37.45 $4,370.03
05278C107 AUTOHOME INC-ADR CN ATHM 38.47 $3,269.61
053332102 AUTOZONE INC US AZO 81.99 $92,081.73
053484101 AVALONBAY COMMUNITIES INC US AVB 23.28 $4,861.06
054937107 BB&T CORP US BBT 14.27 $735.48
05722G100 BAKER HUGHES A GE CO US BHGE 23.38 $593.70
060505104 BANK OF AMERICA CORP US BAC 93.84 $2,878.91
06051GFM6 BANK OF AMERICA CORP 4.00000 01/22/2025 US 16,196.2 $17,000.29
084670702 BERKSHIRE HATHAWAY INC-CL B US BRK/B 1,137.78 $233,734.82
086516101 BEST BUY INC US BBY 9.31 $712.71
09061G101 BIOMARIN PHARMACEUTICAL INC US BMRN 663.54 $52,631.85
0922320 SMITH & NEPHEW PLC GB SN/ LN 207.01 $4,686.42
09247X101 BLACKROCK INC US BLK 323.42 $151,256.10
0946580 WEIR GROUP PLC/THE GB WEIR LN 181.7 $3,284.95
097023105 BOEING CO US BA 8.81 $3,004.66
09857L108 BOOKING HOLDINGS INC US BKNG 84.52 $159,463.70
101121101 BOSTON PROPERTIES INC US BXP 24.8 $3,297.22
101137107 BOSTON SCIENTIFIC CORP US BSX 2,031.11 $86,240.72
105368203 BRANDYWINE REALTY TRUST US BDN 162.47 $2,396.41
110122108 BRISTOL MYERS SQUIBB CO US BMY 31.58 $1,402.58
110448107 BRITISH AMERICAN TOB-SP ADR GB BTI 51.12 $1,820.36
11135F101 BROADCOM INC US AVGO 7.09 $2,054.82
11680JAA0 BRUIN E&P PARTNERS LLC 8.87500 08/01/2023 US 1,518.39 $1,135.00
12429TAE4 BWAY HOLDING CO 7.25000 04/15/2025 US 1,518.39 $1,438.68
12503M108 CBOE GLOBAL MARKETS INC US CBOE 976.33 $106,722.35
125269100 CF INDUSTRIES HOLDINGS INC US CF 1,125.13 $55,761.44
12541W209 C.H. ROBINSON WORLDWIDE INC US CHRW 6.28 $525.49
12572Q105 CME GROUP INC US CME 555.73 $108,045.46
126650100 CVS HEALTH CORP US CVS 26.02 $1,453.47
133131102 CAMDEN PROPERTY TRUST US CPT 18.22 $1,889.67
13321L108 CAMECO CORP CA CCJ 266.73 $2,451.26
149123101 CATERPILLAR INC US CAT 10.83 $1,426.15
165240102 CHESAPEAKE LODGING TRUST US CHSP 30.37 $834.21
166764100 CHEVRON CORP US CVX 22.17 $2,729.17
17275R102 CISCO SYSTEMS INC US CSCO 65.39 $3,622.73
172967424 CITIGROUP INC US C 27.43 $1,952.08
172967EW7 CITIGROUP INC 8.12500 07/15/2039 US 6,073.58 $9,787.14
191216100 COCA COLA CO/THE US KO 5,000.58 $263,180.41
192422103 COGNEX CORP US CGNX 1,160.56 $51,076.21
194162103 COLGATE-PALMOLIVE CO US CL 1,142.95 $81,994.93
2011646 ALIMENTATION COUCHE-TARD -B CA ATD/B CN 71.87 $4,405.47
20369C106 COMMUNITY HEALTHCARE TRUST I US CHCT 43.53 $1,788.54
205887102 CONAGRA BRAND INC. US CAG 15.18 $438.36
21036PAM0 CONSTELLATION BRANDS INC 3.87500 11/15/2019 US 5,061.31 $5,078.21
222795502 COUSINS PROPERTIES INC US CUZ 111.55 $3,924.38
22546QAD9 CREDIT SUISSE AG 5.40000 01/14/2020 CH 16,196.2 $16,401.28
22822V101 CROWN CASTLE INTL CORP US CCI 14.68 $1,955.96
228368106 CROWN HOLDINGS INC US CCK 1,320.5 $84,524.99
229663109 CUBESMART US CUBE 26.32 $893.52
231021106 CUMMINS INC US CMI 4.86 $796.85
2328595 BANCO DO BRASIL S.A. BR BBAS3 BZ 111.35 $1,440.75
2347608 FIRST QUANTUM MINERALS LTD CA FM CN 115.9 $1,067.88
2434760 MEXICHEM SAB DE CV MX MEXCHEM* MM 981.89 $1,794.32
2458771 ITAUSA INVESTIMENTOS ITAU -PR BR ITSA4 BZ 455.52 $1,494.38
2521800 LOBLAW COMPANIES LTD CA L CN 88.57 $4,595.76
25271C102 DIAMOND OFFSHORE DRILLING US DO 3,664.9 $33,130.67
253868103 DIGITAL REALTY TRUST INC US DLR 17.21 $1,967.96
25470DAT6 DISCOVERY COMMUNICATIONS 5.20000 09/20/2047 US 12,147.15 $12,924.81
256677105 DOLLAR GENERAL CORP US DG 1,115.01 $149,433.29
256746108 DOLLAR TREE STORES INC US DLTR 1,519.41 $154,599.59
25787GAC4 DONNELLEY FINANCIAL SOL 8.25000 10/15/2024 US 1,518.39 $1,579.13
25960P109 DOUGLAS EMMETT INC US DEI 28.85 $1,177.64
260557103 DOW INC US DOW 15.08 $730.61
26780TAA5 DYNAGAS LNG PARTNERS/FIN 6.25000 10/30/2019 MH 2,834.34 $2,720.96
269246401 ETRADE FINANCIAL CORP US ETFC 913.06 $44,548.24
2715777 QUEBECOR INC -CL B CA QBR/B CN 3,415.37 $77,375.13
277432100 EASTMAN CHEM CO US EMN 5.87 $442.39
2801836 SHAW COMMUNICATIONS INC-B CA SJR/B CN 3,990.34 $78,216.46
285512109 ELECTRONIC ARTS US EA 1,893.44 $175,142.96
2866857 LUNDIN MINING CORP CA LUN CN 5,774.45 $27,957.84
291011104 EMERSON ELEC CO US EMR 16.4 $1,063.94
29273RAR0 ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 US 8,098.1 $9,588.73
29444U700 EQUINIX INC US EQIX 230.8 $115,882.62
2945422 WEG SA BR WEGE3 BZ 80.98 $506.72
29472R108 EQUITY LIFESTYLE PROPERTIES US ELS 13.67 $1,697.94
29476L107 EQUITY RESIDENTIAL US EQR 44.54 $3,513.73
29670E107 ESSENTIAL PROPERTIES REALTY US EPRT 63.47 $1,340.46
297178105 ESSEX PROPERTY TRUST INC US ESS 9.11 $2,753.33
30225T102 EXTRA SPACE STORAGE INC US EXR 9.11 $1,023.91
30303M102 FACEBOOK INC -A US FB 780.96 $151,685.99
30744W107 FARFETCH LTD - CLASS A GB FTCH 44.03 $885.07
311900104 FASTENAL CO US FAST 18.83 $579.91
313747206 FEDERAL RLTY INVT TR SH BEN INT US FRT 5.06 $668.14
315786AC7 FIDELITY & GUARA NTY LIFE 5.50000 05/01/2025 US 3,036.79 $3,173.44
316773100 FIFTH THIRD BANCORP US FITB 21.97 $652.17
32054K103 FIRST INDUSTRIAL REALTY TR US FR 31.38 $1,198.41
33834YAA6 FIVE POINT OP CO LP/FIVE 7.87500 11/15/2025 US 2,530.66 $2,530.71
346232AD3 FORESTAR GROUP INC 8.00000 04/15/2024 US 2,530.66 $2,695.15
34960PAB7 FORTRESS TRANS & INFRAST 6.50000 10/01/2025 US 2,530.66 $2,622.39
35671D857 FREEPORT-MCMORAN INC US FCX 4,588.08 $50,744.17
36166LAA5 GEMS MENASA KY LTD/GEMS 7.12500 07/31/2026 AE 2,530.66 $2,584.43
364760108 GAP INC US GPS 16.9 $329.64
369550108 GENERAL DYNAMICS CORP US GD 5.06 $941.10
369604BQ5 GENERAL ELECTRIC CO 5.00000 01/21/2021 US 11,134.89 $10,786.92
370334104 GENERAL MLS INC US GIS 18.02 $956.95
37045VAR1 GENERAL MOTORS CO FLT 3.35300 09/10/2021 US 8,604.23 $8,605.85
372460105 GENUINE PARTS CO US GPC 5.87 $570.20
374297109 GETTY REALTY CORP US GTY 36.95 $1,107.69
375558103 GILEAD SCIENCES INC US GILD 28.14 $1,843.79
37953TAB1 GLOBAL SHIP LEASE INC 9.87500 11/15/2022 MH 3,036.79 $3,082.34
37960JAA6 GLOBAL AIR LEASE CO LTD 6.50000 09/15/2024 KY 1,518.39 $1,511.71
38141GVR2 GOLDMAN SACHS GROUP INC 4.25000 10/21/2025 US 5,061.31 $5,384.48
400506101 GRUPO AEROPORTUARIO PAC-ADR MX PAC 13.16 $1,317.13
40060QAA3 GTCR AP FINANCE INC 8.00000 05/15/2027 US 506.13 $517.52
4012250 AIRBUS SE FR AIR FP 27.84 $3,935.11
4031879 VEOLIA ENVIRONMENT FR VIE FP 28.34 $715.27
404119BX6 HCA INC 4.12500 06/15/2029 US 8,098.1 $8,295.45
404139AD9 HC2 HOLDINGS INC 11.50000 12/01/2021 US 1,012.26 $880.67
40414L109 HCP INC US HCP 65.29 $2,084.74
4057808 L'OREAL FR OR FP 12.65 $3,385.58
4061412 LVMH MOET HENNESSY LOUIS VUITTON FR MC FP 12.15 $5,017.51
406216101 HALLIBURTON CO US HAL 4,690.22 $107,875.01
4162791 THALES SA FR HO FP 3.04 $342.17
4163437 CAPGEMINI FR CAP FP 7.59 $963.91
416515104 HARTFORD FINL SVCS US HIG 8.91 $513.36
421946104 HEALTHCARE REALTY TRUST INC US HR 55.17 $1,764.28
42225P501 HEALTHCARE TRUST OF AMERICA US HTA 87.56 $2,358.01
427866108 HERSHEY CO/THE US HSY 6.17 $936.96
43300A203 HILTON WORLDWIDE HOLDINGS INC US HLT 9.62 $928.47
437076102 HOME DEPOT INC US HD 17.41 $3,720.54
438516106 HONEYWELL INTERNATIONAL INC US HON 12.96 $2,234.56
44107P104 HOST MARRIOTT CORP US HST 121.98 $2,121.19
444454AD4 HUGHES SATELLITE SYSTEMS 5.25000 08/01/2026 US 3,036.79 $3,217.48
4457624 TRIGANO SA FR TRI FP 8.1 $812.48
452308109 ILLINOIS TOOL WKS INC US ITW 7.19 $1,108.46
45337C102 INCYTE CORP US INCY 712.13 $60,473.81
45378A106 INDEPENDENCE REALTY TRUST IN US IRT 107.81 $1,331.40
458140100 INTEL CORP US INTC 73.9 $3,735.40
45866F104 INTERCONTINENTALEXCHANGE INC US ICE 1,207.12 $106,057.85
4588364 MICHELIN (CGDE)-B FR ML FP 9.11 $1,007.13
459200101 INTERNATIONAL BUSINESS MACH CORP US IBM 16.7 $2,475.95
460146103 INTERNATIONAL PAPER CO US IP 10.63 $466.71
46120E602 INTUITIVE SURGICAL INC US ISRG 77.44 $40,229.87
46187W107 INVITATION HOMES INC US INVH 117.32 $3,222.81
46625H100 JP MORGAN CHASE & CO US JPM 36.75 $4,262.44
46647PAY2 JPMORGAN CHASE & CO 4.02300 12/05/2024 US 8,098.1 $8,586.03
4682329 PERNOD-RICARD SA FR RI FP 11.13 $1,954.00
4741844 MERCK KGAA DE MRK GR 772.86 $78,827.47
476405105 JERNIGAN CAPITAL INC US JCAP 74.91 $1,486.16
478160104 JOHNSON & JOHNSON US JNJ 1,573.36 $204,882.93
47987LAA9 JONAH NRG LLC/FINANCE 7.25000 10/15/2025 US 11,033.66 $4,358.30
4821100 SOLVAY SA BE SOLB BB 51.12 $5,234.37
4824778 SGS SA-REG CH SGSN SW .51 $1,249.87
482480100 KLA-TENCOR CORPORATION US KLAC 5.67 $772.75
4834108 SCHNEIDER ELECTRIC SE FR SU FP 26.83 $2,314.36
4834777 VIVENDI FR VIV FP 50.11 $1,391.73
487836108 KELLOGG CO US K 10.12 $589.34
493267108 KEYCORP US KEY 30.06 $552.28
494368103 KIMBERLY CLARK CORP US KMB 8.81 $1,194.63
49446R109 KIMCO REALTY CORP US KIM 56.18 $1,079.23
494550AW6 KINDER MORGAN ENER PART 6.95000 01/15/2038 US 9,110.36 $11,804.11
500255104 KOHLS CORP US KSS 7.9 $425.26
50050N103 KONTOOR BRANDS INC US KTB 1.52 $44.53
501044101 KROGER CO US KR 18.93 $400.54
50187TAE6 LGI HOMES INC 6.87500 07/15/2026 US 3,542.92 $3,604.92
5107401 BEIERSDORF AG DE BEI GR 971.77 $112,616.94
512807108 LAM RESEARCH CORP US LRCX 3.24 $675.74
5176177 ORANGE FR ORA FP 98.7 $1,462.92
5253973 HERMES INTERNATIONAL FR RMS FP 1.52 $1,066.56
529043101 LEXINGTON REALTY TRUST US LXP 109.83 $1,084.03
531172104 LIBERTY PROPERTY TRUST US LPT 33.4 $1,747.06
5330047 DASSAULT SYSTEMES SA FR DSY FP 7.09 $1,077.88
539830109 LOCKHEED MARTIN CORP US LMT 5.37 $1,943.04
54238XAC2 LONESTAR RESOURCES AMERICA 11.25000 01/01/2023 US 1,518.39 $1,419.70
5474008 BANKINTER S.A. ES BKT SM 427.17 $2,770.98
5476929 BARRY CALLEBAUT AG-REG CH BARN SW 1.01 $1,974.89
550021109 LULULEMON - ADR CA LULU 997.58 $190,628.50
5505072 KERING FR KER FP 4.05 $2,091.39
5545670 JUNGHEINRICH AG DE JUN3 GR 97.18 $2,166.57
55933JAB0 MAGNACHIP SEMICONDUCTOR 6.62500 07/15/2021 US 2,834.34 $2,805.99
5608915 ALTEN SA FR ATE FP 12.65 $1,565.33
5633616 SOPRA STERIA GROUP FR SOP FP 17.71 $2,286.54
563571AL2 MANITOWOC COMPANY INC 9.00000 04/01/2026 US 1,012.26 $1,019.85
56585A102 MARATHON PETROLEUM CORP US MPC 18.73 $1,056.01
5669354 REPSOL SA ES REP SM 246.28 $3,906.27
5671735 SANOFI-AVENTIS FR SAN FP 55.67 $4,639.47
5701513 ELISA OYJ FI ELISA FH 94.14 $4,427.00
5727973 SIEMENS AG-REG DE SIE GR 18.73 $2,038.11
57636Q104 MASTERCARD INC-CLASS A US MA 973.29 $264,997.83
57772K101 MAXIM INTEGRATED PRODUCTS US MXIM 8.81 $521.27
585464100 MELCO CROWN ENTERTAINME-ADR HK MLCO 95.66 $2,149.45
58933Y105 MERCK & CO INC US MRK 611.81 $50,774.24
594918104 MICROSOFT CORP US MSFT 1,873.7 $255,328.86
595112103 MICRON TECHNOLOGY INC US MU 2,785.75 $125,052.18
59522J103 MID-AMERICA APARTMENT COMM US MAA 12.65 $1,491.06
5980613 GIVAUDAN - REG CH GIVN SW .51 $1,346.10
5986622 KONINKLIJKE PHILIPS NV NL PHIA NA 102.24 $4,796.09
6055112 AYALA LAND INC PH ALI PM 2,196.61 $2,141.86
6074968 BANK OF THE PHILIPPINE ISLAN PH BPI PM 863.46 $1,521.90
60871R209 MOLSON COORS BREWING CO -B US TAP 7.09 $382.56
609207105 MONDELEZ INTERNATIONAL INC US MDLZ 4,643.05 $248,356.56
6108179 HARMONIC DRIVE SYSTEMS INC JP 6324 JP 60.74 $2,287.47
615369105 MOODY'S CORPORATION US MCO 529.92 $113,582.95
61744YAG3 MORGAN STANLEY FLT 3.77988 05/08/2024 US 16,196.2 $16,422.14
6194037 KAKAO CORP KR 035720 KS 39.48 $4,205.49
61965RAB1 MOSS CREEK RESOURCES HLD 10.50000 05/15/2027 US 506.13 $445.40
6211732 DAEWOO SHIPBUILDING& MARINE KR 042660 KS 43.02 $1,058.79
62426EAA3 MOUNTAIN PROVINCE DIAMON 8.00000 12/15/2022 CA 2,530.66 $2,508.51
6250025 DAIFUKU CO LTD JP 6383 JP 40.49 $2,214.56
6272483 DMCI HOLDINGS INC PH DMC PM 2,702.74 $538.56
6284864 GLOBE TELECOM INC PH GLO PM 31.38 $1,324.58
6291819 CHINA PETROLEUM & CHEMICAL - H CN 386 HK 3,846.6 $2,469.56
62957HAC9 NABORS INDUSTRIES INC 5.50000 01/15/2023 US 1,518.39 $1,419.70
6344456 LG HOUSEHOLD & HEALTH CARE KR 051900 KS 3.95 $4,180.06
6356934 FANUC LTD JP 6954 JP 20.25 $3,598.12
637417106 NATIONAL RETAIL PROPERTIES US NNN 22.27 $1,163.37
637870106 NATIONAL STORAGE AFFILIATES US NSA 22.78 $689.88
64110D104 NETAPP INC US NTAP 6.58 $384.85
6441506 HOYA CORP JP 7741 JP 50.61 $3,881.11
6446620 HYUNDAI HEAVY INDUSTRIES KR 009540 KS 47.07 $4,273.46
6451066 HYUNDAI MIPO DOCKYARD KR 010620 KS 113.37 $4,075.08
6465874 GALAXY ENTERTAINMENT GROUP L HK 27 HK 404.91 $2,756.31
6474494 JOLLIBEE FOODS CORP PH JFC PM 290.52 $1,476.32
647581107 NEW ORIENTAL EDUCATIO- SP ADR CN EDU 35.94 $3,748.41
6490995 KEYENCE CORP JP 6861 JP 90.6 $51,989.31
6499550 KYOWA KIRIN CO LTD JP 4151 JP 2,972.51 $48,990.00
6514442 METROPOLITAN BANK & TRUST PH MBT PM 1,120.07 $1,664.91
654106103 NIKE INC CLASS B US NKE 2,126.76 $182,965.50
66727WAA0 NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 CA 3,036.79 $2,065.02
6687571 NABTESCO CORP JP 6268 JP 80.98 $2,181.59
66987V109 NOVARTIS AG- REG CH NVS 1,168.66 $107,025.63
670346105 NUCOR CORP US NUE 11.54 $627.53
67059TAD7 NUSTAR LOGISTICS LP 6.75000 02/01/2021 US 1,518.39 $1,586.72
6742340 SHANDONG WEIGAO CN 1066 HK 2,024.53 $1,930.11
674599105 OCCIDENTAL PETROLEUM CORP US OXY 15.49 $795.44
6772217 SAMSUNG HEAVY INDUSTRIES KR 010140 KS 153.86 $911.46
680665205 OLIN CORP US OLN 2,322.64 $46,615.32
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713448108 PEPSICO INC US PEP 1,220.28 $155,964.33
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717081103 PFIZER INC US PFE 90.4 $3,510.94
718172109 PHILIP MORRIS INTERNATIONAL US PM 1,510.8 $126,318.16
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71943U104 PHYSICIANS REALTY TRUST US DOC 140.7 $2,421.52
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729640102 PLYMOUTH INDUSTRIAL REIT INC US 39.78 $739.15
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7380482 COMPAGNIE DE SAINT-GOBAIN FR SGO FP 23.79 $911.29
741503AZ9 BOOKING HOLDINGS INC 3.60000 06/01/2026 US 17,208.47 $18,073.05
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744320AL6 PRUDENTIAL FINANCIAL INC 5.87500 09/15/2042 US 10,122.63 $10,818.76
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750236AW1 RADIAN GROUP INC 4.87500 03/15/2027 US 3,036.79 $3,044.38
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7591EP100 REGIONS FINANCIAL CORP. US RF 26.83 $427.32
76131D103 RESTAURANT BRANDS INTERN CA QSR 42.01 $3,096.06
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773903109 ROCKWELL AUTOMATION INC US ROK 2.94 $471.98
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77714PAB5 SEMGROUP / ROSE ROCK FIN 5.62500 07/15/2022 US 2,024.53 $1,991.63
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780259107 ROYAL DUTCH SHELL PLC-ADR B NL RDS/B 109.83 $6,970.94
783513203 RYANAIR HOLDINGS - ADR IE RYAAY 25.81 $1,603.74
78409V104 S&P GLOBAL INC US SPGI 452.48 $110,835.33
78410G104 SBA COMMUNICATIONS CORP US SBAC 573.45 $140,729.58
78442PGC4 SLM CORP 5.12500 04/05/2022 US 3,036.79 $3,067.16
78463V107 SPDR GOLD SHARES US 118.43 $15,776.69
785592AV8 SABINE PASS LIQUEFACTION 5.87500 06/30/2026 US 13,159.42 $15,005.16
80282KAE6 SANTANDER HOLDINGS USA 4.50000 07/17/2025 US 11,134.89 $11,810.71
806857108 SCHLUMBERGER LTD NL SLB 2,196.61 $87,798.50
808513105 CHARLES SCHWAB CORP/THE US SCHW 1,025.93 $44,340.62
81141R100 SEA LTD - ADR SG SE 5,120.53 $179,730.63
812578102 SEATTLE GENETICS INC US SGEN 906.48 $68,629.70
81762P102 SERVICENOW INC US NOW 888.77 $246,534.98
822538AE4 SHELF DRILL HOLD LTD 8.25000 02/15/2025 KY 2,024.53 $1,862.56
828806109 SIMON PROPERTY GROUP INC US SPG 30.87 $5,007.76
832696405 JM SMUCKER CO/THE-NEW COM WI US SJM 4.35 $483.98
835699307 SONY CORP SPONSORED ADR JP SNE 1,491.06 $84,781.84
84265V105 SOUTHERN COPPER CORPORATION US SCCO 1,624.18 $58,129.24
84265VAD7 SOUTHERN COPPER CORP 5.37500 04/16/2020 US 12,147.15 $12,353.13
845467AL3 SOUTHWESTERN ENERGY CO 6.20000 01/23/2025 US 2,125.75 $1,833.46
85207UAH8 SPRINT CORP 7.12500 06/15/2024 US 1,518.39 $1,662.64
85254J102 STAG INDUSTRIAL INC US STAG 41 $1,218.42
855030AN2 STAPLES INC 7.50000 04/15/2026 US 2,024.53 $2,070.08
862121100 STORE CAPITAL CORP US STOR 20.75 $709.90
866674104 SUN COMMUNITIES US SUI 21.26 $2,823.21
867892101 SUNSTONE HOTEL INVESTORS INC US SHO 81.99 $1,083.13
867914103 SUNTRUST BANKS INC US STI 11.13 $741.58
871829107 SYSCO CORP US SYY 14.07 $964.81
874080104 TAL EDUCATION GROUP - ADR CN TAL 105.28 $3,389.87
87854WAA1 TECHNIPLAS LLC 10.00000 05/01/2020 US 2,024.53 $1,761.34
882508104 TEXAS INSTRUMENTS INC US TXN 18.12 $2,265.12
883556102 THERMO FISHER SCIENTIFIC INC US TMO 267.24 $74,206.47
88579Y101 3M CO US MMM 12.05 $2,104.66
89417E109 TRAVELLERS COS INC US TRV 5.16 $756.93
901109AF5 TUTOR PERINI CORP 6.87500 05/01/2025 US 2,834.34 $2,781.19
902494103 TYSON FOODS INC -CL A US TSN 8.1 $643.80
902653104 UDR INC US UDR 36.95 $1,701.81
902973304 U.S. BANCORP US USB 32.49 $1,857.01
903002103 UMH PROPERTIES INC US UMH 44.54 $585.70
904767704 UNILEVER PLC - ADR GB UL 2,208.25 $132,760.06
907818108 UNION PAC CORP US UNP 13.06 $2,349.82
911312106 UNITED PARCEL SERVICE US UPS 19.13 $2,285.67
912796SJ9 TREASURY BILL 0.00000 09/19/2019 US 238,084.19 $237,443.85
912810PT9 UNITED STATES TREAS BOND 4.75000 02/15/2037 US 63,266.42 $86,506.94
912810QV3 UNITED STATES TREAS INFL INDEX 0.75000 02/15/2042 US 25,491.85 $25,885.87
912810RX8 US TREASURY N/B 3.00000 05/15/2047 US 57,698.97 $63,166.85
9128283W8 US TREASURY N/B 2.75000 02/15/2028 US 107,299.85 $113,721.07
9128284P2 US TREASURY N/B 2.62500 05/15/2021 US 122,483.79 $123,943.07
9128286B1 US TREASURY N/B 2.62500 02/15/2029 US 333,135.66 $350,508.16
912828K33 UNITED STATES TREAS INFL INDEX 0.12500 04/15/2020 US 115,015.23 $113,669.48
912828K74 US TREASURY N/B 2.00000 08/15/2025 US 174,412.86 $175,366.68
912828R36 US TREASURY N/B 1.62500 05/15/2026 US 123,496.05 $121,084.02
912828X88 US TREASURY N/B 2.37500 05/15/2027 US 115,701.63 $119,199.79
913017109 UNITED TECHNOLOGIES CORP US UTX 15.39 $2,055.62
91324P102 UNITEDHEALTH GROUP INC US UNH 330 $82,172.71
91704F104 URBAN EDGE PROPERTIES US UE 80.98 $1,354.81
918204108 VF CORP US VFC 10.93 $955.39
91913Y100 VALERO ENERGY US VLO 11.74 $1,001.03
92189F106 MARKET VECTORS GOLD MINERS US 355.91 $9,431.66
92276F100 VENTAS INC US VTR 48.59 $3,269.53
92339V100 VEREIT INC US VER 219.66 $2,003.31
92343VDV3 VERIZON COMMUNICATIONS 5.50000 03/16/2047 US 15,183.94 $19,121.32
92511U102 VERRA MOBILITY CORP US VRRM 12,540.92 $173,691.78
92532F100 VERTEX PHARMACEUTICALS INC US VRTX 327.97 $54,646.88
92553P201 VIACOM INC CL B US VIAB 14.68 $445.47
92826C839 VISA INC - CLASS A SHARES US V 1,341.75 $238,832.25
92840JAA7 VISTAJET MALTA/XO MGMT 10.50000 06/01/2024 MUL 2,024.53 $2,004.28
929042109 VORNADO REALTY TRUST US VNO 18.22 $1,171.96
92922PAL0 W & T OFFSHORE INC 9.75000 11/01/2023 US 1,518.39 $1,453.86
931142103 WAL MART STORES US WMT 39.28 $4,335.26
931427108 WALGREENS BOOTS ALLIANCE INC US WBA 20.75 $1,130.74
94106L109 WASTE MANAGEMENT INC US WM 10.73 $1,255.41
94856UAA9 WEEKLEY HOMES LLC/ FINAN 6.62500 08/15/2025 US 2,631.88 $2,612.14
948741103 WEINGARTEN REALTY INVESTORS US WRI 53.14 $1,483.24
949746101 WELLS FARGO COMPANY US WFC 70.25 $3,400.85
95040Q104 WELLTOWER INC. US WELL 29.36 $2,440.04
958102105 WESTERN DIGITAL CORP US WDC 10.63 $572.78
96949LAD7 WILLIAMS PARTNERS LP 3.75000 06/15/2027 US 8,098.1 $8,338.66
B00FM53 BANCO BRADESCO SA - PREF BR BBDC4 BZ 404.91 $3,675.22
B01FLR7 PING AN INSURANCE GROUP CO-H CN 2318 HK 253.07 $2,982.58
B037HR3 ITAU UNIBANCO HOLDINGS S-PREF BR ITUB4 BZ 496.01 $4,537.23
B037JC2 NEXITY FR NXI FP 14.68 $704.73
B058TZ6 SAFRAN SA FR SAF FP 16.2 $2,325.15
B068DB9 SM INVESTMENTS CORP PH SM PM 109.32 $2,137.95
B07DRZ5 RECORDATI SPA IT REC IM 102.74 $4,601.41
B08K3S0 LOCALIZA RENT A CAR BR RENT3 BZ 50.61 $580.88
B0C2CQ3 ENGIE FR ENGI FP 93.13 $1,433.20
B0CGYD6 LOJAS RENNER S.A. BR LREN3 BZ 80.98 $1,002.62
B0MP1B0 SHENZHOU INTERNATIONAL GROUP CN 2313 HK 273.31 $3,769.70
B0R7JF1 IPSEN FR IPN FP 35.94 $4,125.24
B0SWJX3 LONDON STOCK EXCHANGE GROUP GB LSE LN 1,168.66 $93,857.11
B11ZRK9 LEGRAND SA FR LR FP 12.65 $891.32
B13X013 EIFFAGE FR FGR FP 13.16 $1,300.32
B15C557 TOTAL SA FR FP FP 87.05 $4,512.07
B1FW751 GALP ENERGIA SGPS SA PT GALP PL 258.63 $4,026.44
B1KFX13 GRUPO AEROPORTUARIO DEL CENT MX OMAB MM 293.56 $1,803.88
B1XFTL2 HEXAGON AB-B SHS SE HEXAB SS 41 $1,986.38
B1XH026 VINCI SA FR DG FP 42.01 $4,321.20
B1Y47Y7 GERRESHEIMER AG DE GXI GR 25.81 $2,007.77
B1Y9TB3 DANONE FR BN FP 118.43 $10,278.84
B1YVKN8 ANTA SPORTS PRODUCTS LTD CN 2020 HK 303.68 $2,266.94
B1YXBJ7 AIR LIQUIDE FR AI FP 20.75 $2,864.45
B1Z9Q99 ABOITIZ POWER CORP PH AP PM 1,913.18 $1,327.99
B247XZ6 MANILA ELECTRIC COMPANY PH MER PM 183.22 $1,310.96
B24CGK7 RECKITT BENCKISER GROUP PLC GB RB/ LN 54.36 $4,202.10
B3NB1P2 SUNCOR ENERGY INC CA SU CN 117.42 $3,369.29
B3ZCNF7 TELEFONICA BRASIL S.A. - PREF BR VIVT4 BZ 40.49 $553.72
B4JSTL6 WYNN MACAU LTD MO 1128 HK 1,417.17 $3,179.89
B4P8HQ1 MGM CHINA HOLDINGS LTD MO 2282 HK 1,295.7 $2,117.33
B4R2R50 JULIUS BAER CH BAER SW 1,261.79 $53,919.40
B4V5RY4 BANCO SANTANDER BRASIL - UNIT BR SANB11 BZ 30.37 $344.39
B5B23W2 SANDS CHINA LTD MO 1928 HK 647.85 $3,109.59
B5VJH76 BDO UNIBANK INC PH BDO PM 708.58 $2,037.49
B63QM77 NEXON CO LTD JP 3659 JP 655.34 $10,373.02
B725S29 PUREGOLD PRICE CLUB INC PH PGOLD PM 657.97 $586.13
B7FQV64 RAIA DROGASIL S.A. BR RADL3 BZ 20.25 $437.65
B92RW83 LT GROUP INC PH LTG PM 2,024.53 $560.96
B9N3SQ0 BB SEGURIDADE PARTICIPACOES BR BBSE3 BZ 70.86 $603.62
BB22L96 KION GROUP AG DE KGX GR 38.97 $2,077.29
BBQ3850 KEYWORDS STUDIOS PLC IE KWS LN 57.19 $1,148.09
BD0PJ08 INMOBILIARIA COLONIAL SOCIMI ES COL SM 186.76 $2,088.14
BD4TZK8 OCI NV NL OCI NA 33.91 $884.46
BD9Y5C0 TECHNOGYM SPA IT TGYM IM 287.99 $3,093.53
BD9Y9B7 BASIC-FIT NV NL BFIT NA 96.67 $3,055.28
BF1K7P7 ESSITY AKTIEBOLAG-B SE ESSITYB SS 146.78 $4,359.76
BFTCYP4 ROBINSONS RETAIL HOLDINGS IN PH RRHI PM 416.04 $648.33
BG36ZK1 B3 SA-BRASIL BOLSA BALCAO BR B3SA3 BZ 202.45 $2,243.96
BG7ZWY7 AMBEV SA BR ABEV3 BZ 465.64 $2,464.64
BGHQ198 HIBERNIA REIT PLC IE HBRN ID 647.85 $1,082.93
BH4TZ73 FU SHOU YUAN INTERNATIONAL CN 1448 HK 3,441.69 $2,940.96
BJ2KSG2 AKZO NOBEL NL AKZA NA 1,126.95 $106,333.13
BJT1GR5 ALCON INC CH ALC SW 36.75 $2,127.90
BMJ6DW5 INFORMA PLC GB INF LN 421.61 $4,463.88
BMMV2K8 TENCENT HOLDINGS LTD CN 700 HK 4,935.69 $229,968.55
BMTRW10 B&M EUROPEAN VALUE RETAIL SA GB BME LN 366.44 $1,644.80
BNGN9Z1 FINECOBANK SPA IT FBK IM 4,914.54 $48,889.83
BP9DL90 INDUSTRIA DE DISENO TEXTIL ES ITX SM 2,697.17 $80,705.86
BSQXJ01 THULE GROUP AB/THE SE THULE SS 204.98 $4,477.47
BVSS790 ELIS SA FR ELIS FP 74.4 $1,382.04
BYXS699 QIAGEN N.V. NL QIA GR 71.36 $2,708.81
BYXZ2W5 RUMO SA BR RAIL3 BZ 111.35 $635.47
BYYHL23 ANHEUSER-BUSCH INBEV SA/NV BE ABI BB 1,161.57 $116,780.79
BYZFYS3 SPIE SA FR SPIE FP 35.94 $666.08
BYZFZ91 SOPHOS GROUP PLC GB SOPH LN 582.05 $3,072.74
BYZR014 AMUNDI SA FR AMUN FP 29.36 $2,019.81
G0750C108 AXALTA COATING SYSTEMS LTD US AXTA 2,300.37 $68,159.87
G0772R208 BANK OF N.T. BUTTERFIELD&SON BM NTB 58.21 $1,829.39
G25839104 COCA-COLA EUROPEAN PARTNERS GB CCEP 78.96 $4,364.71
G27358103 DESPEGAR.COM CORP AR DESP 69.34 $902.11
G29183103 EATON CORP PLC US ETN 11.94 $981.73
G37585AC3 GASLOG LTD 8.87500 03/22/2022 BM 3,036.79 $3,130.93
G45667105 HOLLYSYS AUTOMATION TECHNOLOGIES CN HOLI 118.43 $2,047.74
G50871105 JAZZ PHARMACEUTICALS IE JAZZ 34.42 $4,797.03
G51502105 JOHNSON CONTROLS INTERNATIONAL US JCI 22.57 $958.02
G5960L103 MEDTRONIC INC IE MDT 2,073.92 $211,415.79
G97822103 PERRIGO CO PLC IE PRGO 71.36 $3,854.40
H01301128 ALCON INC CH ALC 390.63 $22,949.64
H1467J104 CHUBB LTD CH CB 7.29 $1,113.94
H8817H100 TRANSOCEAN LTD US RIG 7,619.3 $46,325.35
N22717107 CORE LABORATORIES N.V. NL CLB 1,561.42 $78,336.20
N47279109 INTERXION HOLDING NV NL INXN 865.48 $65,170.99
N53745100 LYONDELLBASELL INDU-CL A US LYB 10.93 $914.94
N72482123 QIAGEN N.V. ADR NL QGEN 1,858.51 $70,103.16
USD US DOLLAR US 120,222.41 $120,222.41

Based on the investments of the underlying fund(s): Manning & Napier Fund, Inc. Pro-Blend® Maximum Term Series through 10/15/2017, and Manning & Napier Fund, Inc. Blended Asset Maximum 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 2055 Series Class I Distribution History
  • 2019 Distribution Calendar
  • Fourth Quarter 2018 Distributions
  • Second Quarter 2019 Distributions
  • Third 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

$13.34

Daily $ Change

-$0.02

Daily % Change

-0.15%

as of 08/22/2019

Ticker

MTZIX

CUSIP

56382P278

Inception Date

06/25/2012

Investment Minimum

$1,000,000.00

Investment minimum may be waived for certain qualified retirement plans.

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 an aggressive, growth-oriented mix of securities that seeks to earn the long-term growth typically associated with the stock market. The portfolio is diversified primarily among various stock investments in both domestic and foreign markets, with only a minor portion of the portfolio invested in fixed income securities. Stock exposure can range from 70% - 95%.

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 2055.
  • 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 07/31/2019

YTD

19.55%

1 Year

5.50%

3 Year

10.11%

5 Year

6.52%

10 Year

---

Inception
(06/25/2012)

11.14%

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 2.65%
Net 0.75%*

*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 07/31/2019

TREASURY NOTES 8.24%
MASTERCARD INC-CLASS A 2.18%
COCA COLA CO/THE 2.16%
MICROSOFT CORP 2.10%
MONDELEZ INTERNATIONAL INC 2.04%
SERVICENOW INC 2.02%
VISA INC - CLASS A SHARES 1.96%
TREASURY BILLS 1.95%
BERKSHIRE HATHAWAY INC-CL B 1.92%
TENCENT HOLDINGS LTD 1.89%

Top Ten Investments list is unaudited and excludes cash.

Asset Allocation

As of 07/31/2019

Stocks
83.70%
Bonds
15.32%
Cash
0.98%

Detailed Asset Class Allocation

As of 07/31/2019

International Equities
26.54%
Small Capitalization
1.81%
Mid Capitalization
2.69%
Large Capitalization
52.67%
Long Term Fixed Income
2.03%
Intermediate Term Fixed Income
8.78%
Short Term Fixed Income
4.50%
Cash
0.98%

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

July Fund Holdings

As of 07/31/2019

CUSIP Security Description Country Ticker Shares/Par Market Value (USD)
00101JAM8 ADT CORP 5.25000 03/15/2020 US 1,518.39 $1,529.78
00206RDQ2 AT&T INC 4.25000 03/01/2027 US 11,134.89 $11,976.65
00287Y109 ABBVIE INC US ABBV 28.65 $1,908.47
004239109 ACADIA REALTY TRUST US AKR 21.76 $610.91
00507V109 ACTIVISION INC US ATVI 2,290.75 $111,651.18
00751Y106 ADVANCE AUTO PARTS INC US AAP 611.41 $92,102.30
00774MAG0 AERCAP IRELAND CAP / GLOBA 4.45000 10/01/2025 IE 11,134.89 $11,778.70
008492100 AGREE REALTY CORP US ADC 13.16 $879.71
015271109 ALEXANDRIA REAL EST EQUITIES US ARE 5.06 $740.77
01609W102 ALIBABA GROUP - ADR CN BABA 33.4 $5,782.68
020002101 ALLSTATE CORPORATION US ALL 6.78 $728.40
02079K107 ALPHABET INC-CL C US GOOG 144.25 $175,502.97
02079K305 ALPHABET INC-CL A US GOOGL 143.74 $175,105.66
02209S103 ALTRIA GROUP INC US MO 1,632.27 $76,831.12
023135106 AMAZON.COM INC US AMZN 68.33 $127,552.84
02319V103 AMBEV SA-ADR BR ABEV 22,723.27 $119,751.65
0237400 DIAGEO PLC GB DGE LN 2,032.62 $84,760.89
02376RAA0 AMERICAN AIRLINES GROUP 5.50000 10/01/2019 US 2,024.53 $2,031.21
024835100 AMERICAN CAMPUS COMMUNITIES US ACC 20.25 $946.47
0263494 BAE SYSTEMS PLC GB BA/ LN 698.46 $4,640.40
02665T306 AMERICAN HOMES 4 RENT- A US AMH 129.57 $3,136.88
03019LAA4 AMERICAN TANKER INC 9.25000 02/22/2022 US 1,518.39 $1,533.86
03027X100 AMERICAN TOWER REIT INC US AMT 612.93 $129,707.20
03064D108 AMERICOLD REALTY TRUST US COLD 59.22 $1,985.56
031162100 AMGEN INC US AMGN 12.65 $2,360.85
03690AAF3 ANTERO MIDSTREAM PART/FI 5.75000 01/15/2028 US 2,530.66 $2,363.00
03748R754 APARTMENT INVT & MGMT CO -A US AIV 46.97 $2,326.84
038222105 APPLIED MATERIALS INC US AMAT 19.13 $944.54
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874080104 TAL EDUCATION GROUP - ADR CN TAL 105.28 $3,389.87
87854WAA1 TECHNIPLAS LLC 10.00000 05/01/2020 US 2,024.53 $1,761.34
882508104 TEXAS INSTRUMENTS INC US TXN 18.12 $2,265.12
883556102 THERMO FISHER SCIENTIFIC INC US TMO 267.24 $74,206.47
88579Y101 3M CO US MMM 12.05 $2,104.66
89417E109 TRAVELLERS COS INC US TRV 5.16 $756.93
901109AF5 TUTOR PERINI CORP 6.87500 05/01/2025 US 2,834.34 $2,781.19
902494103 TYSON FOODS INC -CL A US TSN 8.1 $643.80
902653104 UDR INC US UDR 36.95 $1,701.81
902973304 U.S. BANCORP US USB 32.49 $1,857.01
903002103 UMH PROPERTIES INC US UMH 44.54 $585.70
904767704 UNILEVER PLC - ADR GB UL 2,208.25 $132,760.06
907818108 UNION PAC CORP US UNP 13.06 $2,349.82
911312106 UNITED PARCEL SERVICE US UPS 19.13 $2,285.67
912796SJ9 TREASURY BILL 0.00000 09/19/2019 US 238,084.19 $237,443.85
912810PT9 UNITED STATES TREAS BOND 4.75000 02/15/2037 US 63,266.42 $86,506.94
912810QV3 UNITED STATES TREAS INFL INDEX 0.75000 02/15/2042 US 25,491.85 $25,885.87
912810RX8 US TREASURY N/B 3.00000 05/15/2047 US 57,698.97 $63,166.85
9128283W8 US TREASURY N/B 2.75000 02/15/2028 US 107,299.85 $113,721.07
9128284P2 US TREASURY N/B 2.62500 05/15/2021 US 122,483.79 $123,943.07
9128286B1 US TREASURY N/B 2.62500 02/15/2029 US 333,135.66 $350,508.16
912828K33 UNITED STATES TREAS INFL INDEX 0.12500 04/15/2020 US 115,015.23 $113,669.48
912828K74 US TREASURY N/B 2.00000 08/15/2025 US 174,412.86 $175,366.68
912828R36 US TREASURY N/B 1.62500 05/15/2026 US 123,496.05 $121,084.02
912828X88 US TREASURY N/B 2.37500 05/15/2027 US 115,701.63 $119,199.79
913017109 UNITED TECHNOLOGIES CORP US UTX 15.39 $2,055.62
91324P102 UNITEDHEALTH GROUP INC US UNH 330 $82,172.71
91704F104 URBAN EDGE PROPERTIES US UE 80.98 $1,354.81
918204108 VF CORP US VFC 10.93 $955.39
91913Y100 VALERO ENERGY US VLO 11.74 $1,001.03
92189F106 MARKET VECTORS GOLD MINERS US 355.91 $9,431.66
92276F100 VENTAS INC US VTR 48.59 $3,269.53
92339V100 VEREIT INC US VER 219.66 $2,003.31
92343VDV3 VERIZON COMMUNICATIONS 5.50000 03/16/2047 US 15,183.94 $19,121.32
92511U102 VERRA MOBILITY CORP US VRRM 12,540.92 $173,691.78
92532F100 VERTEX PHARMACEUTICALS INC US VRTX 327.97 $54,646.88
92553P201 VIACOM INC CL B US VIAB 14.68 $445.47
92826C839 VISA INC - CLASS A SHARES US V 1,341.75 $238,832.25
92840JAA7 VISTAJET MALTA/XO MGMT 10.50000 06/01/2024 MUL 2,024.53 $2,004.28
929042109 VORNADO REALTY TRUST US VNO 18.22 $1,171.96
92922PAL0 W & T OFFSHORE INC 9.75000 11/01/2023 US 1,518.39 $1,453.86
931142103 WAL MART STORES US WMT 39.28 $4,335.26
931427108 WALGREENS BOOTS ALLIANCE INC US WBA 20.75 $1,130.74
94106L109 WASTE MANAGEMENT INC US WM 10.73 $1,255.41
94856UAA9 WEEKLEY HOMES LLC/ FINAN 6.62500 08/15/2025 US 2,631.88 $2,612.14
948741103 WEINGARTEN REALTY INVESTORS US WRI 53.14 $1,483.24
949746101 WELLS FARGO COMPANY US WFC 70.25 $3,400.85
95040Q104 WELLTOWER INC. US WELL 29.36 $2,440.04
958102105 WESTERN DIGITAL CORP US WDC 10.63 $572.78
96949LAD7 WILLIAMS PARTNERS LP 3.75000 06/15/2027 US 8,098.1 $8,338.66
B00FM53 BANCO BRADESCO SA - PREF BR BBDC4 BZ 404.91 $3,675.22
B01FLR7 PING AN INSURANCE GROUP CO-H CN 2318 HK 253.07 $2,982.58
B037HR3 ITAU UNIBANCO HOLDINGS S-PREF BR ITUB4 BZ 496.01 $4,537.23
B037JC2 NEXITY FR NXI FP 14.68 $704.73
B058TZ6 SAFRAN SA FR SAF FP 16.2 $2,325.15
B068DB9 SM INVESTMENTS CORP PH SM PM 109.32 $2,137.95
B07DRZ5 RECORDATI SPA IT REC IM 102.74 $4,601.41
B08K3S0 LOCALIZA RENT A CAR BR RENT3 BZ 50.61 $580.88
B0C2CQ3 ENGIE FR ENGI FP 93.13 $1,433.20
B0CGYD6 LOJAS RENNER S.A. BR LREN3 BZ 80.98 $1,002.62
B0MP1B0 SHENZHOU INTERNATIONAL GROUP CN 2313 HK 273.31 $3,769.70
B0R7JF1 IPSEN FR IPN FP 35.94 $4,125.24
B0SWJX3 LONDON STOCK EXCHANGE GROUP GB LSE LN 1,168.66 $93,857.11
B11ZRK9 LEGRAND SA FR LR FP 12.65 $891.32
B13X013 EIFFAGE FR FGR FP 13.16 $1,300.32
B15C557 TOTAL SA FR FP FP 87.05 $4,512.07
B1FW751 GALP ENERGIA SGPS SA PT GALP PL 258.63 $4,026.44
B1KFX13 GRUPO AEROPORTUARIO DEL CENT MX OMAB MM 293.56 $1,803.88
B1XFTL2 HEXAGON AB-B SHS SE HEXAB SS 41 $1,986.38
B1XH026 VINCI SA FR DG FP 42.01 $4,321.20
B1Y47Y7 GERRESHEIMER AG DE GXI GR 25.81 $2,007.77
B1Y9TB3 DANONE FR BN FP 118.43 $10,278.84
B1YVKN8 ANTA SPORTS PRODUCTS LTD CN 2020 HK 303.68 $2,266.94
B1YXBJ7 AIR LIQUIDE FR AI FP 20.75 $2,864.45
B1Z9Q99 ABOITIZ POWER CORP PH AP PM 1,913.18 $1,327.99
B247XZ6 MANILA ELECTRIC COMPANY PH MER PM 183.22 $1,310.96
B24CGK7 RECKITT BENCKISER GROUP PLC GB RB/ LN 54.36 $4,202.10
B3NB1P2 SUNCOR ENERGY INC CA SU CN 117.42 $3,369.29
B3ZCNF7 TELEFONICA BRASIL S.A. - PREF BR VIVT4 BZ 40.49 $553.72
B4JSTL6 WYNN MACAU LTD MO 1128 HK 1,417.17 $3,179.89
B4P8HQ1 MGM CHINA HOLDINGS LTD MO 2282 HK 1,295.7 $2,117.33
B4R2R50 JULIUS BAER CH BAER SW 1,261.79 $53,919.40
B4V5RY4 BANCO SANTANDER BRASIL - UNIT BR SANB11 BZ 30.37 $344.39
B5B23W2 SANDS CHINA LTD MO 1928 HK 647.85 $3,109.59
B5VJH76 BDO UNIBANK INC PH BDO PM 708.58 $2,037.49
B63QM77 NEXON CO LTD JP 3659 JP 655.34 $10,373.02
B725S29 PUREGOLD PRICE CLUB INC PH PGOLD PM 657.97 $586.13
B7FQV64 RAIA DROGASIL S.A. BR RADL3 BZ 20.25 $437.65
B92RW83 LT GROUP INC PH LTG PM 2,024.53 $560.96
B9N3SQ0 BB SEGURIDADE PARTICIPACOES BR BBSE3 BZ 70.86 $603.62
BB22L96 KION GROUP AG DE KGX GR 38.97 $2,077.29
BBQ3850 KEYWORDS STUDIOS PLC IE KWS LN 57.19 $1,148.09
BD0PJ08 INMOBILIARIA COLONIAL SOCIMI ES COL SM 186.76 $2,088.14
BD4TZK8 OCI NV NL OCI NA 33.91 $884.46
BD9Y5C0 TECHNOGYM SPA IT TGYM IM 287.99 $3,093.53
BD9Y9B7 BASIC-FIT NV NL BFIT NA 96.67 $3,055.28
BF1K7P7 ESSITY AKTIEBOLAG-B SE ESSITYB SS 146.78 $4,359.76
BFTCYP4 ROBINSONS RETAIL HOLDINGS IN PH RRHI PM 416.04 $648.33
BG36ZK1 B3 SA-BRASIL BOLSA BALCAO BR B3SA3 BZ 202.45 $2,243.96
BG7ZWY7 AMBEV SA BR ABEV3 BZ 465.64 $2,464.64
BGHQ198 HIBERNIA REIT PLC IE HBRN ID 647.85 $1,082.93
BH4TZ73 FU SHOU YUAN INTERNATIONAL CN 1448 HK 3,441.69 $2,940.96
BJ2KSG2 AKZO NOBEL NL AKZA NA 1,126.95 $106,333.13
BJT1GR5 ALCON INC CH ALC SW 36.75 $2,127.90
BMJ6DW5 INFORMA PLC GB INF LN 421.61 $4,463.88
BMMV2K8 TENCENT HOLDINGS LTD CN 700 HK 4,935.69 $229,968.55
BMTRW10 B&M EUROPEAN VALUE RETAIL SA GB BME LN 366.44 $1,644.80
BNGN9Z1 FINECOBANK SPA IT FBK IM 4,914.54 $48,889.83
BP9DL90 INDUSTRIA DE DISENO TEXTIL ES ITX SM 2,697.17 $80,705.86
BSQXJ01 THULE GROUP AB/THE SE THULE SS 204.98 $4,477.47
BVSS790 ELIS SA FR ELIS FP 74.4 $1,382.04
BYXS699 QIAGEN N.V. NL QIA GR 71.36 $2,708.81
BYXZ2W5 RUMO SA BR RAIL3 BZ 111.35 $635.47
BYYHL23 ANHEUSER-BUSCH INBEV SA/NV BE ABI BB 1,161.57 $116,780.79
BYZFYS3 SPIE SA FR SPIE FP 35.94 $666.08
BYZFZ91 SOPHOS GROUP PLC GB SOPH LN 582.05 $3,072.74
BYZR014 AMUNDI SA FR AMUN FP 29.36 $2,019.81
G0750C108 AXALTA COATING SYSTEMS LTD US AXTA 2,300.37 $68,159.87
G0772R208 BANK OF N.T. BUTTERFIELD&SON BM NTB 58.21 $1,829.39
G25839104 COCA-COLA EUROPEAN PARTNERS GB CCEP 78.96 $4,364.71
G27358103 DESPEGAR.COM CORP AR DESP 69.34 $902.11
G29183103 EATON CORP PLC US ETN 11.94 $981.73
G37585AC3 GASLOG LTD 8.87500 03/22/2022 BM 3,036.79 $3,130.93
G45667105 HOLLYSYS AUTOMATION TECHNOLOGIES CN HOLI 118.43 $2,047.74
G50871105 JAZZ PHARMACEUTICALS IE JAZZ 34.42 $4,797.03
G51502105 JOHNSON CONTROLS INTERNATIONAL US JCI 22.57 $958.02
G5960L103 MEDTRONIC INC IE MDT 2,073.92 $211,415.79
G97822103 PERRIGO CO PLC IE PRGO 71.36 $3,854.40
H01301128 ALCON INC CH ALC 390.63 $22,949.64
H1467J104 CHUBB LTD CH CB 7.29 $1,113.94
H8817H100 TRANSOCEAN LTD US RIG 7,619.3 $46,325.35
N22717107 CORE LABORATORIES N.V. NL CLB 1,561.42 $78,336.20
N47279109 INTERXION HOLDING NV NL INXN 865.48 $65,170.99
N53745100 LYONDELLBASELL INDU-CL A US LYB 10.93 $914.94
N72482123 QIAGEN N.V. ADR NL QGEN 1,858.51 $70,103.16
USD US DOLLAR US 120,222.41 $120,222.41

Based on the investments of the underlying fund(s): Manning & Napier Fund, Inc. Pro-Blend® Maximum Term Series through 10/15/2017, and Manning & Napier Fund, Inc. Blended Asset Maximum 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 2055 Series Class I Distribution History
  • 2019 Distribution Calendar
  • Fourth Quarter 2018 Distributions
  • Second Quarter 2019 Distributions
  • Third 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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