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 2060
  • 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

$12.19

Daily $ Change

-$0.03

Daily % Change

-0.25%

as of 09/13/2019

Ticker

MTKKX

CUSIP

56382R779

Inception Date

09/21/2015

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 08/31/2019

YTD

19.34%

1 Year

3.85%

3 Year

9.99%

5 Year

---

10 Year

---

Inception
(09/21/2015)

9.94%

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 3.29%
Net 1.00%*

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

Top Ten Investments

As of 08/31/2019

TREASURY NOTES 12.30%
COCA COLA CO/THE 2.24%
MONDELEZ INTERNATIONAL INC 2.09%
JOHNSON & JOHNSON 1.92%
SERVICENOW INC 1.89%
BERKSHIRE HATHAWAY INC-CL B 1.88%
MASTERCARD INC-CLASS A 1.83%
MEDTRONIC INC 1.82%
LULULEMON - ADR 1.50%
MICROSOFT CORP 1.50%

Top Ten Investments list is unaudited and excludes cash.

Asset Allocation

As of 08/31/2019

Stocks 81.88%
Bonds 17.05%
Cash 1.07%

Detailed Asset Class Allocation

As of 08/31/2019

International Equities 26.47%
Small Capitalization 2.23%
Mid Capitalization 2.75%
Large Capitalization 50.43%
Long Term Fixed Income 2.16%
Intermediate Term Fixed Income 12.47%
Short Term Fixed Income 2.42%
Cash 1.07%

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

August Fund Holdings

As of 08/31/2019

CUSIP Security Description Country Ticker Shares/Par Market Value (USD)
00101JAK2 ADT SEC CORP 6.25000 10/15/2021 US 491.44 $522.16
00101JAM8 ADT CORP 5.25000 03/15/2020 US 491.44 $496.36
00206RDQ2 AT&T INC 4.25000 03/01/2027 US 10,811.69 $11,895.90
00287Y109 ABBVIE INC US ABBV 27.82 $1,828.59
004239109 ACADIA REALTY TRUST US AKR 21.13 $577.96
00489LAA1 ACRISURE LLC / FIN INC 7.00000 11/15/2025 US 491.44 $452.60
00507V109 ACTIVISION INC US ATVI 2,224.26 $112,547.57
00751Y106 ADVANCE AUTO PARTS INC US AAP 674.26 $93,013.69
00774MAG0 AERCAP IRELAND CAP / GLOBA 4.45000 10/01/2025 IE 10,811.69 $11,594.85
00791GAA5 AG MERGER SUB II INC 10.75000 08/01/2027 US 491.44 $488.98
008492100 AGREE REALTY CORP US ADC 12.78 $954.35
013093AD1 ALBERTSONS COS LLC/SAFEW 5.75000 03/15/2025 US 491.44 $503.73
015271109 ALEXANDRIA REAL EST EQUITIES US ARE 4.91 $736.37
01609W102 ALIBABA GROUP - ADR CN BABA 32.44 $5,677.11
020002101 ALLSTATE CORPORATION US ALL 6.59 $674.27
02079K107 ALPHABET INC-CL C US GOOG 84.53 $100,427.46
02079K305 ALPHABET INC-CL A US GOOGL 84.53 $100,632.86
02209S103 ALTRIA GROUP INC US MO 1,584.9 $69,323.35
023135106 AMAZON.COM INC US AMZN 75.68 $134,432.92
02319V103 AMBEV SA-ADR BR ABEV 22,063.72 $100,169.28
0237400 DIAGEO PLC GB DGE LN 1,973.63 $84,498.11
02376RAA0 AMERICAN AIRLINES GROUP 5.50000 10/01/2019 US 1,965.76 $1,968.71
024835100 AMERICAN CAMPUS COMMUNITIES US ACC 19.66 $913.69
0263494 BAE SYSTEMS PLC GB BA/ LN 678.19 $4,510.03
02665T306 AMERICAN HOMES 4 RENT- A US AMH 125.81 $3,218.19
0287580 BRITISH AMERICAN TOBACCO PLC GB BATS LN 115 $4,033.90
03019LAA4 AMERICAN TANKER INC 9.25000 02/22/2022 US 1,474.32 $1,485.32
03027X100 AMERICAN TOWER REIT INC US AMT 595.13 $136,994.03
03064D108 AMERICOLD REALTY TRUST US COLD 57.5 $2,094.10
031162100 AMGEN INC US AMGN 12.29 $2,563.11
03690AAF3 ANTERO MIDSTREAM PART/FI 5.75000 01/15/2028 US 491.44 $445.98
03748R754 APARTMENT INVT & MGMT CO -A US AIV 45.61 $2,325.89
038222105 APPLIED MATERIALS INC US AMAT 18.58 $892.04
039483102 ARCHER-DANIELS-MIDLAND CO US ADM 12.97 $493.66
03968AAA9 ARD SECURITIES FINANCE 8.75000 01/31/2023 LU 512.87 $530.82
0405207 HALMA PLC GB HLMA LN 103.2 $2,475.24
045086AF2 ASHTON WOODS USA/FINANCE 6.75000 08/01/2025 US 491.44 $486.53
0490656 KERRY GROUP PLC-A IE KYGA LN 36.37 $4,324.60
05278C107 AUTOHOME INC-ADR CN ATHM 37.35 $3,255.38
053332102 AUTOZONE INC US AZO 79.61 $87,709.26
053484101 AVALONBAY COMMUNITIES INC US AVB 21.62 $4,596.27
054937107 BB&T CORP US BBT 13.86 $660.36
05722G100 BAKER HUGHES A GE CO US BHGE 22.7 $492.46
060505104 BANK OF AMERICA CORP US BAC 91.11 $2,506.52
06051GFM6 BANK OF AMERICA CORP 4.00000 01/22/2025 US 15,726.1 $16,800.11
0673123 ASSOCIATED BRITISH FOODS PLC GB ABF LN 149.89 $4,146.89
084670702 BERKSHIRE HATHAWAY INC-CL B US BRK/B 1,104.76 $224,718.92
086516101 BEST BUY INC US BBY 9.04 $575.56
09061G101 BIOMARIN PHARMACEUTICAL INC US BMRN 758.29 $56,917.46
0922320 SMITH & NEPHEW PLC GB SN/ LN 201 $4,816.51
09247X101 BLACKROCK INC US BLK 378.41 $159,900.62
0946580 WEIR GROUP PLC/THE GB WEIR LN 236.87 $4,236.80
097023105 BOEING CO US BA 8.55 $3,113.36
09857L108 BOOKING HOLDINGS INC US BKNG 39.81 $78,276.27
101121101 BOSTON PROPERTIES INC US BXP 24.08 $3,092.43
101137107 BOSTON SCIENTIFIC CORP US BSX 1,972.15 $84,270.02
105368203 BRANDYWINE REALTY TRUST US BDN 157.75 $2,263.75
110122108 BRISTOL MYERS SQUIBB CO US BMY 30.67 $1,474.11
110448107 BRITISH AMERICAN TOB-SP ADR GB BTI 49.64 $1,742.21
11135F101 BROADCOM INC US AVGO 6.88 $1,944.61
11680JAA0 BRUIN E&P PARTNERS LLC 8.87500 08/01/2023 US 491.44 $350.15
12429TAE4 BWAY HOLDING CO 7.25000 04/15/2025 US 491.44 $469.33
12503M108 CBOE GLOBAL MARKETS INC US CBOE 947.99 $112,962.36
125269100 CF INDUSTRIES HOLDINGS INC US CF 2,034.07 $98,021.96
12527GAB9 CF INDUSTRIES INC 7.12500 05/01/2020 US 491.44 $504.96
12541W209 C.H. ROBINSON WORLDWIDE INC US CHRW 6.09 $514.87
12572Q105 CME GROUP INC US CME 539.6 $117,250.07
126650100 CVS HEALTH CORP US CVS 25.26 $1,538.84
12686CBA6 CABLEVISION SYSTEMS CORP 8.00000 04/15/2020 US 491.44 $505.57
133131102 CAMDEN PROPERTY TRUST US CPT 17.69 $1,915.14
13321L108 CAMECO CORP CA CCJ 328.28 $2,879.04
149123101 CATERPILLAR INC US CAT 10.52 $1,251.50
156700AW6 CENTURYLINK INC 5.62500 04/01/2020 US 491.44 $500.04
165240102 CHESAPEAKE LODGING TRUST US CHSP 29.49 $759.28
166764100 CHEVRON CORP US CVX 21.53 $2,533.93
17275R102 CISCO SYSTEMS INC US CSCO 63.49 $2,972.16
172967424 CITIGROUP INC US C 26.64 $1,714.03
172967EW7 CITIGROUP INC 8.12500 07/15/2039 US 5,897.29 $9,855.34
191216100 COCA COLA CO/THE US KO 4,855.43 $267,243.04
192422103 COGNEX CORP US CGNX 1,126.87 $50,799.45
194162103 COLGATE-PALMOLIVE CO US CL 1,109.77 $82,289.53
2011646 ALIMENTATION COUCHE-TARD -B CA ATD/B CN 69.78 $4,392.33
20369C106 COMMUNITY HEALTHCARE TRUST I US CHCT 40.79 $1,739.27
205887102 CONAGRA BRAND INC. US CAG 14.74 $418.12
222795502 COUSINS PROPERTIES INC US CUZ 108.31 $3,758.48
22546QAD9 CREDIT SUISSE AG 5.40000 01/14/2020 CH 15,726.1 $15,894.46
22822V101 CROWN CASTLE INTL CORP US CCI 14.25 $2,068.93
228368106 CROWN HOLDINGS INC US CCK 1,282.17 $84,417.98
229663109 CUBESMART US CUBE 19.17 $687.87
231021106 CUMMINS INC US CMI 4.72 $704.23
2328595 BANCO DO BRASIL S.A. BR BBAS3 BZ 108.12 $1,206.49
2347608 FIRST QUANTUM MINERALS LTD CA FM CN 125.81 $771.07
2434760 MEXICHEM SAB DE CV MX MEXCHEM* MM 1,415.35 $2,591.79
2458771 ITAUSA INVESTIMENTOS ITAU -PR BR ITSA4 BZ 442.3 $1,316.96
2521800 LOBLAW COMPANIES LTD CA L CN 86 $4,707.06
25271C102 DIAMOND OFFSHORE DRILLING US DO 5,223.52 $33,900.66
253868103 DIGITAL REALTY TRUST INC US DLR 16.71 $2,065.73
25470DAT6 DISCOVERY COMMUNICATIONS 5.20000 09/20/2047 US 11,794.57 $13,341.09
256677105 DOLLAR GENERAL CORP US DG 1,082.64 $168,989.85
256746108 DOLLAR TREE STORES INC US DLTR 1,742.65 $176,931.09
25787GAC4 DONNELLEY FINANCIAL SOL 8.25000 10/15/2024 US 491.44 $508.64
25960P109 DOUGLAS EMMETT INC US DEI 48.16 $2,032.40
260557103 DOW INC US DOW 14.64 $624.31
26780TAA5 DYNAGAS LNG PARTNERS/FIN 6.25000 10/30/2019 MH 2,752.07 $2,531.90
269246401 ETRADE FINANCIAL CORP US ETFC 982.88 $41,025.46
2715777 QUEBECOR INC -CL B CA QBR/B CN 3,333.93 $75,097.38
277432100 EASTMAN CHEM CO US EMN 5.7 $372.66
2801836 SHAW COMMUNICATIONS INC-B CA SJR/B CN 3,897.62 $74,064.65
285512109 ELECTRONIC ARTS US EA 1,838.48 $172,228.74
2866857 LUNDIN MINING CORP CA LUN CN 5,643.21 $26,914.83
291011104 EMERSON ELEC CO US EMR 15.92 $948.83
29273RAR0 ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 US 7,863.05 $9,550.83
29444U700 EQUINIX INC US EQIX 224.1 $124,660.63
2945422 WEG SA BR WEGE3 BZ 78.63 $423.82
29472R108 EQUITY LIFESTYLE PROPERTIES US ELS 13.27 $1,787.59
29476L107 EQUITY RESIDENTIAL US EQR 43.25 $3,665.60
29670E107 ESSENTIAL PROPERTIES REALTY US EPRT 61.63 $1,399.54
297178105 ESSEX PROPERTY TRUST INC US ESS 8.85 $2,841.84
30225T102 EXTRA SPACE STORAGE INC US EXR 8.85 $1,078.50
30303M102 FACEBOOK INC -A US FB 842.82 $156,486.51
30744W107 FARFETCH LTD - CLASS A GB FTCH 53.08 $519.08
311900104 FASTENAL CO US FAST 18.28 $559.78
313747206 FEDERAL RLTY INVT TR SH BEN INT US FRT 4.91 $634.99
315786AC7 FIDELITY & GUARA NTY LIFE 5.50000 05/01/2025 US 982.88 $1,041.85
316773100 FIFTH THIRD BANCORP US FITB 21.33 $564.14
32054K103 FIRST INDUSTRIAL REALTY TR US FR 30.47 $1,186.78
33834YAA6 FIVE POINT OP CO LP/FIVE 7.87500 11/15/2025 US 982.88 $985.95
346232AD3 FORESTAR GROUP INC 8.00000 04/15/2024 US 982.88 $1,055.37
34960PAB7 FORTRESS TRANS & INFRAST 6.50000 10/01/2025 US 982.88 $1,012.37
35671D857 FREEPORT-MCMORAN INC US FCX 5,348.84 $49,155.84
36166LAA5 GEMS MENASA KY LTD/GEMS 7.12500 07/31/2026 AE 2,457.2 $2,503.89
364760108 GAP INC US GPS 16.41 $259.18
369550108 GENERAL DYNAMICS CORP US GD 4.91 $939.98
369604BQ5 GENERAL ELECTRIC CO 5.00000 01/21/2021 US 10,811.69 $9,811.61
370334104 GENERAL MLS INC US GIS 17.5 $941.25
37045VAR1 GENERAL MOTORS CO FLT 3.35300 09/10/2021 US 8,354.49 $8,346.73
372460105 GENUINE PARTS CO US GPC 5.7 $514.72
374297109 GETTY REALTY CORP US GTY 35.88 $1,139.40
375558103 GILEAD SCIENCES INC US GILD 27.32 $1,736.17
37953TAB1 GLOBAL SHIP LEASE INC 9.87500 11/15/2022 MH 2,948.64 $2,978.13
37960JAA6 GLOBAL AIR LEASE CO LTD 6.50000 09/15/2024 KY 491.44 $488.98
38141GVR2 GOLDMAN SACHS GROUP INC 4.25000 10/21/2025 US 4,914.41 $5,300.00
400506101 GRUPO AEROPORTUARIO PAC-ADR MX PAC 13.76 $1,308.75
4012250 AIRBUS SE FR AIR FP 27.03 $3,724.44
4031879 VEOLIA ENVIRONMENT FR VIE FP 27.52 $658.13
404119BX6 HCA INC 4.12500 06/15/2029 US 7,863.05 $8,366.21
404139AD9 HC2 HOLDINGS INC 11.50000 12/01/2021 US 491.44 $427.55
40414L109 HCP INC US HCP 63.4 $2,200.47
4057808 L'OREAL FR OR FP 12.29 $3,354.76
4061412 LVMH MOET HENNESSY LOUIS VUITTON FR MC FP 11.79 $4,703.50
406216101 HALLIBURTON CO US HAL 5,862.3 $110,445.67
4162791 THALES SA FR HO FP 2.95 $340.94
4163437 CAPGEMINI FR CAP FP 7.37 $884.50
416515104 HARTFORD FINL SVCS US HIG 8.65 $504.08
421946104 HEALTHCARE REALTY TRUST INC US HR 53.57 $1,780.03
42225P501 HEALTHCARE TRUST OF AMERICA US HTA 72.73 $2,062.71
427866108 HERSHEY CO/THE US HSY 6 $950.18
43300A203 HILTON WORLDWIDE HOLDINGS INC US HLT 9.34 $862.49
437076102 HOME DEPOT INC US HD 16.91 $3,852.95
438516106 HONEYWELL INTERNATIONAL INC US HON 12.58 $2,071.06
44107P104 HOST MARRIOTT CORP US HST 71.26 $1,142.99
444454AD4 HUGHES SATELLITE SYSTEMS 5.25000 08/01/2026 US 982.88 $1,041.85
445658107 HUNT (JB) TRANSPORT SVCS INC US JBHT 767.63 $82,934.77
4457624 TRIGANO SA FR TRI FP 7.86 $753.97
452308109 ILLINOIS TOOL WKS INC US ITW 6.98 $1,045.79
45337C102 INCYTE CORP US INCY 474.24 $38,802.33
45378A106 INDEPENDENCE REALTY TRUST IN US IRT 98.29 $1,367.19
458140100 INTEL CORP US INTC 71.75 $3,401.68
45866F104 INTERCONTINENTALEXCHANGE INC US ICE 1,172.09 $109,566.59
4588364 MICHELIN (CGDE)-B FR ML FP 8.85 $931.29
459200101 INTERNATIONAL BUSINESS MACH CORP US IBM 16.22 $2,197.96
460146103 INTERNATIONAL PAPER CO US IP 10.32 $403.52
46120E602 INTUITIVE SURGICAL INC US ISRG 75.19 $38,447.87
46187W107 INVITATION HOMES INC US INVH 113.92 $3,276.22
46625H100 JP MORGAN CHASE & CO US JPM 35.68 $3,919.65
46647PAY2 JPMORGAN CHASE & CO 4.02300 12/05/2024 US 7,863.05 $8,451.44
4682329 PERNOD-RICARD SA FR RI FP 10.81 $2,064.05
4741844 MERCK KGAA DE MRK GR 750.43 $80,397.68
476405105 JERNIGAN CAPITAL INC US JCAP 72.73 $1,404.48
478160104 JOHNSON & JOHNSON US JNJ 1,782.75 $228,833.78
47987LAA9 JONAH NRG LLC/FINANCE 7.25000 10/15/2025 US 982.88 $314.52
4821100 SOLVAY SA BE SOLB BB 49.64 $5,016.95
4824778 SGS SA-REG CH SGSN SW .49 $1,210.54
482480100 KLA-TENCOR CORPORATION US KLAC 5.5 $814.06
4834108 SCHNEIDER ELECTRIC SE FR SU FP 26.05 $2,181.74
4834777 VIVENDI FR VIV FP 48.65 $1,360.52
487836108 KELLOGG CO US K 9.83 $617.25
493267108 KEYCORP US KEY 29.19 $484.58
494368103 KIMBERLY CLARK CORP US KMB 8.55 $1,206.64
49446R109 KIMCO REALTY CORP US KIM 54.55 $1,002.63
494550AW6 KINDER MORGAN ENER PART 6.95000 01/15/2038 US 8,845.93 $11,743.91
500255104 KOHLS CORP US KSS 7.67 $362.32
50050N103 KONTOOR BRANDS INC US KTB 1.47 $50.48
501044101 KROGER CO US KR 18.38 $435.24
50187TAE6 LGI HOMES INC 6.87500 07/15/2026 US 982.88 $1,025.88
5107401 BEIERSDORF AG DE BEI GR 943.57 $118,935.80
512807108 LAM RESEARCH CORP US LRCX 3.15 $662.10
5176177 ORANGE FR ORA FP 95.83 $1,455.99
5253973 HERMES INTERNATIONAL FR RMS FP 1.47 $1,006.80
529043101 LEXINGTON REALTY TRUST US LXP 106.64 $1,108.02
531172104 LIBERTY PROPERTY TRUST US LPT 32.44 $1,690.52
53223X107 LIFE STORAGE INC US LSI 9.34 $989.39
5330047 DASSAULT SYSTEMES SA FR DSY FP 6.88 $970.13
539830109 LOCKHEED MARTIN CORP US LMT 5.21 $2,000.93
54238XAC2 LONESTAR RESOURCES AMERICA 11.25000 01/01/2023 US 491.44 $422.64
5476929 BARRY CALLEBAUT AG-REG CH BARN SW .98 $2,015.15
550021109 LULULEMON - ADR CA LULU 968.63 $178,876.80
5505072 KERING FR KER FP 3.93 $1,905.01
5545670 JUNGHEINRICH AG DE JUN3 GR 94.36 $2,008.30
5608915 ALTEN SA FR ATE FP 12.29 $1,467.03
5633616 SOPRA STERIA GROUP FR SOP FP 17.2 $2,206.01
56585A102 MARATHON PETROLEUM CORP US MPC 18.18 $894.80
5669354 REPSOL SA ES REP SM 239.14 $3,479.28
5671735 SANOFI-AVENTIS FR SAN FP 54.06 $4,644.02
5701513 ELISA OYJ FI ELISA FH 91.41 $4,597.12
5727973 SIEMENS AG-REG DE SIE GR 18.18 $1,818.37
57636Q104 MASTERCARD INC-CLASS A US MA 776.97 $218,615.37
57772K101 MAXIM INTEGRATED PRODUCTS US MXIM 8.55 $466.38
585464100 MELCO CROWN ENTERTAINME-ADR HK MLCO 92.88 $1,931.95
58933Y105 MERCK & CO INC US MRK 497.73 $43,038.80
594918104 MICROSOFT CORP US MSFT 1,294.95 $178,521.26
595112103 MICRON TECHNOLOGY INC US MU 2,704.89 $122,450.33
59522J103 MID-AMERICA APARTMENT COMM US MAA 12.29 $1,556.39
5980613 GIVAUDAN - REG CH GIVN SW .49 $1,332.67
5986622 KONINKLIJKE PHILIPS NV NL PHIA NA 99.27 $4,679.05
6055112 AYALA LAND INC PH ALI PM 2,132.85 $1,936.97
6074968 BANK OF THE PHILIPPINE ISLAN PH BPI PM 838.4 $1,415.97
60871R209 MOLSON COORS BREWING CO -B US TAP 6.88 $353.37
609207105 MONDELEZ INTERNATIONAL INC US MDLZ 4,508.28 $248,947.20
6108179 HARMONIC DRIVE SYSTEMS INC JP 6324 JP 58.97 $2,336.44
615369105 MOODY'S CORPORATION US MCO 514.54 $110,924.17
61744YAG3 MORGAN STANLEY FLT 3.40700 05/08/2024 US 15,726.1 $15,942.81
6194037 KAKAO CORP KR 035720 KS 38.33 $4,264.28
62426EAA3 MOUNTAIN PROVINCE DIAMON 8.00000 12/15/2022 CA 982.88 $958.31
6250025 DAIFUKU CO LTD JP 6383 JP 39.32 $1,852.75
6272483 DMCI HOLDINGS INC PH DMC PM 2,624.29 $456.22
6284864 GLOBE TELECOM INC PH GLO PM 30.47 $1,188.16
6291819 CHINA PETROLEUM & CHEMICAL - H CN 386 HK 3,734.95 $2,178.73
62957HAC9 NABORS INDUSTRIES INC 5.50000 01/15/2023 US 491.44 $438.00
6356934 FANUC LTD JP 6954 JP 19.66 $3,404.16
637417106 NATIONAL RETAIL PROPERTIES US NNN 35.88 $2,014.39
637870106 NATIONAL STORAGE AFFILIATES US NSA 34.89 $1,167.50
64110D104 NETAPP INC US NTAP 6.39 $307.04
6441506 HOYA CORP JP 7741 JP 49.14 $3,995.59
6465874 GALAXY ENTERTAINMENT GROUP L HK 27 HK 393.15 $2,460.54
6474494 JOLLIBEE FOODS CORP PH JFC PM 282.09 $1,287.99
647581107 NEW ORIENTAL EDUCATIO- SP ADR CN EDU 34.89 $3,956.78
6490995 KEYENCE CORP JP 6861 JP 97.8 $57,788.04
6499550 KYOWA KIRIN CO LTD JP 4151 JP 4,625.93 $84,626.73
6514442 METROPOLITAN BANK & TRUST PH MBT PM 1,087.56 $1,480.45
654106103 NIKE INC CLASS B US NKE 2,065.03 $174,495.33
66727WAA0 NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 CA 982.88 $609.39
6687571 NABTESCO CORP JP 6268 JP 78.63 $2,255.54
66987V109 NOVARTIS AG- REG CH NVS 1,134.74 $102,251.09
670346105 NUCOR CORP US NUE 11.2 $548.81
67059TAD7 NUSTAR LOGISTICS LP 6.75000 02/01/2021 US 491.44 $512.33
6742340 SHANDONG WEIGAO CN 1066 HK 1,965.76 $2,023.64
674599105 OCCIDENTAL PETROLEUM CORP US OXY 15.04 $653.86
680665AL0 OLIN CORP 5.62500 08/01/2029 US 491.44 $510.48
6818843 SM PRIME HOLDINGS INC PH SMPH PM 3,543.78 $2,402.20
681936100 OMEGA HEALTHCARE INVS INC US OHI 33.91 $1,379.43
6821120 SONIC HEALTHCARE LTD AU SHL AU 229.01 $4,533.37
6821506 SONY CORP FIRST SECTION JP 6758 JP 68.8 $3,919.11
6895200 TOHO CO LTD JP 9602 JP 98.29 $4,164.77
6919519 UNIVERSAL ROBINA CORP PH URC PM 461.95 $1,534.52
6979728 WOODSIDE PETROLEUM LTD AU WPL AU 80.6 $1,740.82
7021963 DEUTSCHE BOERSE AG DE DB1 GR 774.02 $113,728.66
7088429 AXA SA FR CS FP 94.85 $2,174.91
7103065 NOVARTIS AG-REG CH NOVN SW 54.55 $4,917.93
7103526 PEUGEOT SA FR UG FP 27.52 $615.28
7110388 ROCHE HOLDING AG-GENUSSCHEIN CH ROG SW 23.59 $6,445.98
7110902 TECAN GROUP AG-REG CH TECN SW 3.93 $945.44
7123870 NESTLE SA-REGISTERED CH NESN SW 1,144.07 $128,564.64
7133608 EQUINOR ASA NO EQNR NO 246.7 $4,207.05
713448108 PEPSICO INC US PEP 1,184.86 $162,006.36
7145056 ENI SPA IT ENI IM 283.07 $4,272.49
717081103 PFIZER INC US PFE 87.77 $3,120.27
718172109 PHILIP MORRIS INTERNATIONAL US PM 1,661.56 $119,781.91
718546104 PHILLIPS 66 US PSX 8.55 $843.39
71943U104 PHYSICIANS REALTY TRUST US DOC 136.62 $2,366.27
7212477 ESSILORLUXOTTICA FR EL FP 14.74 $2,176.81
7262610 CREDIT AGRICOLE SA FR ACA FP 48.65 $554.61
729640102 PLYMOUTH INDUSTRIAL REIT INC US 44.23 $825.33
7309681 BNP PARIBAS FR BNP FP 56.02 $2,525.33
7339451 ORPEA SA FR ORP FP 16.22 $2,046.60
7380482 COMPAGNIE DE SAINT-GOBAIN FR SGO FP 23.1 $832.83
741503AZ9 BOOKING HOLDINGS INC 3.60000 06/01/2026 US 16,708.98 $17,895.24
74340W103 PROLOGIS US PLD 74.21 $6,205.23
744320AL6 PRUDENTIAL FINANCIAL INC 5.87500 09/15/2042 US 9,828.81 $10,516.83
74460D109 PUBLIC STORAGE INC US PSA 11.79 $3,122.50
74834L100 QUEST DIAGNOSTICS INC US DGX 4.32 $442.72
750236AW1 RADIAN GROUP INC 4.87500 03/15/2027 US 982.88 $1,001.31
756109104 REALTY INCOME CORP US O 10.32 $761.74
7591EP100 REGIONS FINANCIAL CORP. US RF 26.05 $380.80
76131D103 RESTAURANT BRANDS INTERN CA QSR 40.79 $3,199.94
7698356 GETINGE AB-B SHS SE GETIB SS 178.39 $2,469.22
77340RAK3 ROCKIES EXPRESS PIPELINE 5.62500 04/15/2020 US 982.88 $1,004.76
773903109 ROCKWELL AUTOMATION INC US ROK 2.85 $435.51
7742468 GECINA SA FR GFC FP 13.27 $2,103.41
77714PAB5 SEMGROUP / ROSE ROCK FIN 5.62500 07/15/2022 US 982.88 $947.02
7792559 HEINEKEN NV NL HEIA NA 38.82 $4,130.75
780259107 ROYAL DUTCH SHELL PLC-ADR B NL RDS/B 106.64 $5,946.39
783513203 RYANAIR HOLDINGS - ADR IE RYAAY 31.94 $1,830.37
78409V104 S&P GLOBAL INC US SPGI 439.35 $114,313.93
78410G104 SBA COMMUNICATIONS CORP US SBAC 556.8 $146,121.60
78442PGC4 SLM CORP 5.12500 04/05/2022 US 982.88 $1,006.22
78463V107 SPDR GOLD SHARES US 142.03 $20,416.29
785592AV8 SABINE PASS LIQUEFACTION 5.87500 06/30/2026 US 12,777.46 $14,684.77
80282KAE6 SANTANDER HOLDINGS USA 4.50000 07/17/2025 US 10,811.69 $11,638.95
806857108 SCHLUMBERGER LTD NL SLB 2,132.85 $69,168.40
808513105 CHARLES SCHWAB CORP/THE US SCHW 996.15 $38,122.66
81141R100 SEA LTD - ADR SG SE 4,971.9 $159,697.58
812578102 SEATTLE GENETICS INC US SGEN 509.13 $36,983.38
81762P102 SERVICENOW INC US NOW 862.97 $225,959.99
822538AE4 SHELF DRILL HOLD LTD 8.25000 02/15/2025 KY 491.44 $437.38
828806109 SIMON PROPERTY GROUP INC US SPG 29.98 $4,464.91
832696405 JM SMUCKER CO/THE-NEW COM WI US SJM 4.23 $444.45
835699307 SONY CORP SPONSORED ADR JP SNE 2,721.11 $154,858.18
84265V105 SOUTHERN COPPER CORPORATION US SCCO 2,066.51 $65,301.65
84265VAD7 SOUTHERN COPPER CORP 5.37500 04/16/2020 US 11,794.57 $11,987.22
845467AL3 SOUTHWESTERN ENERGY CO 6.20000 01/23/2025 US 491.44 $430.01
85207UAE5 SPRINT CORP 7.25000 09/15/2021 US 491.44 $528.64
85207UAH8 SPRINT CORP 7.12500 06/15/2024 US 491.44 $543.27
85254J102 STAG INDUSTRIAL INC US STAG 39.81 $1,157.58
855030AN2 STAPLES INC 7.50000 04/15/2026 US 982.88 $992.71
862121100 STORE CAPITAL CORP US STOR 20.15 $760.83
866674104 SUN COMMUNITIES US SUI 18.67 $2,760.13
867892101 SUNSTONE HOTEL INVESTORS INC US SHO 58.97 $774.90
867914103 SUNTRUST BANKS INC US STI 10.81 $665.03
871829107 SYSCO CORP US SYY 13.66 $1,015.50
874080104 TAL EDUCATION GROUP - ADR CN TAL 102.22 $3,642.09
87854WAA1 TECHNIPLAS LLC 10.00000 05/01/2020 US 491.44 $427.55
882508104 TEXAS INSTRUMENTS INC US TXN 17.59 $2,177.20
883556102 THERMO FISHER SCIENTIFIC INC US TMO 259.48 $74,486.51
88579Y101 3M CO US MMM 11.7 $1,891.52
89417E109 TRAVELLERS COS INC US TRV 5.01 $736.67
901109AF5 TUTOR PERINI CORP 6.87500 05/01/2025 US 982.88 $915.32
902494103 TYSON FOODS INC -CL A US TSN 7.86 $731.58
902653104 UDR INC US UDR 35.88 $1,728.47
902973304 U.S. BANCORP US USB 31.55 $1,662.40
903002103 UMH PROPERTIES INC US UMH 43.25 $556.15
904767704 UNILEVER PLC - ADR GB UL 2,144.16 $135,467.74
907818108 UNION PAC CORP US UNP 12.68 $2,053.52
911312106 UNITED PARCEL SERVICE US UPS 18.58 $2,204.28
912810PT9 UNITED STATES TREAS BOND 4.75000 02/15/2037 US 61,430.08 $89,781.50
912810QV3 UNITED STATES TREAS INFL INDEX 0.75000 02/15/2042 US 24,756.74 $27,170.41
912810RX8 US TREASURY N/B 3.00000 05/15/2047 US 56,024.23 $68,456.79
9128283W8 US TREASURY N/B 2.75000 02/15/2028 US 104,185.41 $114,603.95
9128284P2 US TREASURY N/B 2.62500 05/15/2021 US 118,928.63 $120,986.65
912828K33 UNITED STATES TREAS INFL INDEX 0.12500 04/15/2020 US 111,698.3 $110,640.22
912828K74 US TREASURY N/B 2.00000 08/15/2025 US 737,455.78 $760,587.69
912828R36 US TREASURY N/B 1.62500 05/15/2026 US 119,911.51 $121,194.94
912828VB3 UNITED STATES TREAS NTS 1.75000 05/15/2023 US 116,962.87 $118,328.95
912828WJ5 US TREASURY N/B 2.50000 05/15/2024 US 106,642.61 $111,883.10
912828X88 US TREASURY N/B 2.37500 05/15/2027 US 112,343.32 $119,786.07
913017109 UNITED TECHNOLOGIES CORP US UTX 14.94 $1,945.76
91324P102 UNITEDHEALTH GROUP INC US UNH 320.42 $74,978.11
91704F104 URBAN EDGE PROPERTIES US UE 78.63 $1,376.82
918204108 VF CORP US VFC 10.62 $869.91
91913Y100 VALERO ENERGY US VLO 11.4 $858.30
92189F106 MARKET VECTORS GOLD MINERS US 377.52 $11,272.89
92276F100 VENTAS INC US VTR 47.18 $3,462.42
92339V100 VEREIT INC US VER 213.29 $2,079.53
92343VDV3 VERIZON COMMUNICATIONS 5.50000 03/16/2047 US 14,743.22 $19,781.91
92511U102 VERRA MOBILITY CORP US VRRM 12,176.92 $169,502.66
92532F100 VERTEX PHARMACEUTICALS INC US VRTX 215.74 $38,837.95
92553P201 VIACOM INC CL B US VIAB 14.25 $356.01
92826C839 VISA INC - CLASS A SHARES US V 975.51 $176,391.65
92840JAA7 VISTAJET MALTA/XO MGMT 10.50000 06/01/2024 MUL 982.88 $965.68
929042109 VORNADO REALTY TRUST US VNO 12.78 $772.65
92922PAL0 W & T OFFSHORE INC 9.75000 11/01/2023 US 491.44 $474.24
931142103 WAL MART STORES US WMT 38.14 $4,357.40
931427108 WALGREENS BOOTS ALLIANCE INC US WBA 20.15 $1,031.43
94106L109 WASTE MANAGEMENT INC US WM 10.42 $1,243.45
94856UAA9 WEEKLEY HOMES LLC/ FINAN 6.62500 08/15/2025 US 982.88 $982.88
948741103 WEINGARTEN REALTY INVESTORS US WRI 51.6 $1,366.92
949746101 WELLS FARGO COMPANY US WFC 68.21 $3,176.63
95040Q104 WELLTOWER INC. US WELL 28.5 $2,552.78
958102105 WESTERN DIGITAL CORP US WDC 10.32 $591.04
96949LAD7 WILLIAMS PARTNERS LP 3.75000 06/15/2027 US 7,863.05 $8,199.21
B00FM53 BANCO BRADESCO SA - PREF BR BBDC4 BZ 393.15 $3,142.56
B01FLR7 PING AN INSURANCE GROUP CO-H CN 2318 HK 245.72 $2,819.15
B02J639 ADMIRAL GROUP PLC GB ADM LN 89.44 $2,343.88
B037HR3 ITAU UNIBANCO HOLDINGS S-PREF BR ITUB4 BZ 481.61 $3,954.31
B037JC2 NEXITY FR NXI FP 14.25 $662.01
B058TZ6 SAFRAN SA FR SAF FP 15.73 $2,284.08
B068DB9 SM INVESTMENTS CORP PH SM PM 106.15 $2,091.57
B07DRZ5 RECORDATI SPA IT REC IM 99.76 $4,377.29
B08K3S0 LOCALIZA RENT A CAR BR RENT3 BZ 49.14 $561.93
B0C2CQ3 ENGIE FR ENGI FP 90.43 $1,374.89
B0CGYD6 LOJAS RENNER S.A. BR LREN3 BZ 78.63 $961.19
B0MP1B0 SHENZHOU INTERNATIONAL GROUP CN 2313 HK 265.38 $3,600.47
B11ZRK9 LEGRAND SA FR LR FP 12.29 $867.42
B13X013 EIFFAGE FR FGR FP 12.78 $1,324.04
B15C557 TOTAL SA FR FP FP 84.53 $4,221.19
B1FW751 GALP ENERGIA SGPS SA PT GALP PL 251.13 $3,609.10
B1KFX13 GRUPO AEROPORTUARIO DEL CENT MX OMAB MM 324.35 $1,907.28
B1XFTL2 HEXAGON AB-B SHS SE HEXAB SS 39.81 $1,772.86
B1XH026 VINCI SA FR DG FP 40.79 $4,456.54
B1Y47Y7 GERRESHEIMER AG DE GXI GR 25.06 $1,893.97
B1Y9TB3 DANONE FR BN FP 115 $10,302.48
B1YVKN8 ANTA SPORTS PRODUCTS LTD CN 2020 HK 294.86 $2,445.91
B1YXBJ7 AIR LIQUIDE FR AI FP 20.15 $2,807.37
B1Z9Q99 ABOITIZ POWER CORP PH AP PM 1,857.65 $1,355.93
B247XZ6 MANILA ELECTRIC COMPANY PH MER PM 177.9 $1,247.23
B3NB1P2 SUNCOR ENERGY INC CA SU CN 114.01 $3,334.62
B3ZCNF7 TELEFONICA BRASIL S.A. - PREF BR VIVT4 BZ 39.32 $509.36
B4JSTL6 WYNN MACAU LTD MO 1128 HK 1,376.03 $2,742.23
B4P8HQ1 MGM CHINA HOLDINGS LTD MO 2282 HK 1,258.09 $1,878.86
B4R2R50 JULIUS BAER CH BAER SW 1,381.44 $54,830.16
B4V5RY4 BANCO SANTANDER BRASIL - UNIT BR SANB11 BZ 29.49 $302.70
B5B23W2 SANDS CHINA LTD MO 1928 HK 629.04 $2,847.83
B5VJH76 BDO UNIBANK INC PH BDO PM 688.02 $1,968.68
B63QM77 NEXON CO LTD JP 3659 JP 636.32 $8,586.84
B725S29 PUREGOLD PRICE CLUB INC PH PGOLD PM 638.87 $539.03
B7FQV64 RAIA DROGASIL S.A. BR RADL3 BZ 19.66 $439.25
B92RW83 LT GROUP INC PH LTG PM 1,965.76 $558.11
B9N3SQ0 BB SEGURIDADE PARTICIPACOES BR BBSE3 BZ 68.8 $545.13
BB22L96 KION GROUP AG DE KGX GR 37.84 $1,833.82
BBQ3850 KEYWORDS STUDIOS PLC IE KWS LN 55.53 $1,075.86
BD0PJ08 INMOBILIARIA COLONIAL SOCIMI ES COL SM 181.34 $2,094.33
BD4TZK8 OCI NV NL OCI NA 39.81 $873.40
BD9Y5C0 TECHNOGYM SPA IT TGYM IM 279.63 $2,834.15
BD9Y9B7 BASIC-FIT NV NL BFIT NA 93.87 $2,945.75
BF1K7P7 ESSITY AKTIEBOLAG-B SE ESSITYB SS 142.52 $4,452.01
BFTCYP4 ROBINSONS RETAIL HOLDINGS IN PH RRHI PM 403.96 $605.28
BG36ZK1 B3 SA-BRASIL BOLSA BALCAO BR B3SA3 BZ 196.58 $2,136.66
BG7ZWY7 AMBEV SA BR ABEV3 BZ 452.13 $2,055.91
BGHQ198 HIBERNIA REIT PLC IE HBRN ID 629.04 $1,014.90
BH4TZ73 FU SHOU YUAN INTERNATIONAL CN 1448 HK 3,341.8 $3,233.63
BJ2KSG2 AKZO NOBEL NL AKZA NA 1,094.24 $98,083.27
BJT1GR5 ALCON INC CH ALC SW 35.68 $2,169.66
BMJ6DW5 INFORMA PLC GB INF LN 409.37 $4,335.81
BMMV2K8 TENCENT HOLDINGS LTD CN 700 HK 3,907.84 $161,337.15
BMTRW10 B&M EUROPEAN VALUE RETAIL SA GB BME LN 355.8 $1,553.43
BNGN9Z1 FINECOBANK SPA IT FBK IM 5,422.06 $56,149.23
BP9DL90 INDUSTRIA DE DISENO TEXTIL ES ITX SM 2,618.89 $81,038.17
BSQXJ01 THULE GROUP AB/THE SE THULE SS 199.03 $3,955.03
BVSS790 ELIS SA FR ELIS FP 72.24 $1,285.44
BYXS699 QIAGEN N.V. NL QIA GR 83.54 $2,911.48
BYXZ2W5 RUMO SA BR RAIL3 BZ 108.12 $580.92
BYYHL23 ANHEUSER-BUSCH INBEV SA/NV BE ABI BB 1,127.86 $106,603.96
BYZFYS3 SPIE SA FR SPIE FP 34.89 $633.17
BYZFZ91 SOPHOS GROUP PLC GB SOPH LN 565.16 $2,647.61
BYZR014 AMUNDI SA FR AMUN FP 28.5 $1,822.15
G0750C108 AXALTA COATING SYSTEMS LTD US AXTA 2,233.6 $64,506.30
G0772R208 BANK OF N.T. BUTTERFIELD&SON BM NTB 84.53 $2,329.59
G25839104 COCA-COLA EUROPEAN PARTNERS GB CCEP 76.66 $4,319.29
G29183103 EATON CORP PLC US ETN 11.6 $936.19
G37585AC3 GASLOG LTD 8.87500 03/22/2022 BM 982.88 $1,017.28
G45667105 HOLLYSYS AUTOMATION TECHNOLOGIES CN HOLI 115 $1,799.70
G50871105 JAZZ PHARMACEUTICALS IE JAZZ 33.42 $4,282.51
G51502105 JOHNSON CONTROLS INTERNATIONAL US JCI 21.92 $935.69
G5960L103 MEDTRONIC INC IE MDT 2,013.73 $217,261.01
G97822103 PERRIGO CO PLC IE PRGO 69.29 $3,241.53
H01301128 ALCON INC CH ALC 901.7 $54,967.34
H1467J104 CHUBB LTD CH CB 7.08 $1,105.95
H8817H100 TRANSOCEAN LTD US RIG 11,074.12 $50,387.26
N22717107 CORE LABORATORIES N.V. NL CLB 2,098.94 $83,097.15
N47279109 INTERXION HOLDING NV NL INXN 840.36 $68,019.02
N53745100 LYONDELLBASELL INDU-CL A US LYB 10.62 $821.40
N72482123 QIAGEN N.V. ADR NL QGEN 2,301.42 $79,836.13
USD US DOLLAR US 128,804.06 $128,804.06

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 2060 Series Class K Distribution History
  • 2019 Distribution Calendar
  • Fourth Quarter 2018 Distributions
  • Third Quarter 2018 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

$12.19

Daily $ Change

-$0.03

Daily % Change

-0.25%

as of 09/13/2019

Ticker

MTKKX

CUSIP

56382R779

Inception Date

09/21/2015

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 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 2060
  • 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 08/31/2019

YTD

19.34%

1 Year

3.85%

3 Year

9.99%

5 Year

---

10 Year

---

Inception
(09/21/2015)

9.94%

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 3.29%
Net 1.00%*

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

Top Ten Investments

As of 08/31/2019

TREASURY NOTES 12.30%
COCA COLA CO/THE 2.24%
MONDELEZ INTERNATIONAL INC 2.09%
JOHNSON & JOHNSON 1.92%
SERVICENOW INC 1.89%
BERKSHIRE HATHAWAY INC-CL B 1.88%
MASTERCARD INC-CLASS A 1.83%
MEDTRONIC INC 1.82%
LULULEMON - ADR 1.50%
MICROSOFT CORP 1.50%

Top Ten Investments list is unaudited and excludes cash.

Asset Allocation

As of 08/31/2019

Stocks
81.88%
Bonds
17.05%
Cash
1.07%

Detailed Asset Class Allocation

As of 08/31/2019

International Equities
26.47%
Small Capitalization
2.23%
Mid Capitalization
2.75%
Large Capitalization
50.43%
Long Term Fixed Income
2.16%
Intermediate Term Fixed Income
12.47%
Short Term Fixed Income
2.42%
Cash
1.07%

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

August Fund Holdings

As of 08/31/2019

CUSIP Security Description Country Ticker Shares/Par Market Value (USD)
00101JAK2 ADT SEC CORP 6.25000 10/15/2021 US 491.44 $522.16
00101JAM8 ADT CORP 5.25000 03/15/2020 US 491.44 $496.36
00206RDQ2 AT&T INC 4.25000 03/01/2027 US 10,811.69 $11,895.90
00287Y109 ABBVIE INC US ABBV 27.82 $1,828.59
004239109 ACADIA REALTY TRUST US AKR 21.13 $577.96
00489LAA1 ACRISURE LLC / FIN INC 7.00000 11/15/2025 US 491.44 $452.60
00507V109 ACTIVISION INC US ATVI 2,224.26 $112,547.57
00751Y106 ADVANCE AUTO PARTS INC US AAP 674.26 $93,013.69
00774MAG0 AERCAP IRELAND CAP / GLOBA 4.45000 10/01/2025 IE 10,811.69 $11,594.85
00791GAA5 AG MERGER SUB II INC 10.75000 08/01/2027 US 491.44 $488.98
008492100 AGREE REALTY CORP US ADC 12.78 $954.35
013093AD1 ALBERTSONS COS LLC/SAFEW 5.75000 03/15/2025 US 491.44 $503.73
015271109 ALEXANDRIA REAL EST EQUITIES US ARE 4.91 $736.37
01609W102 ALIBABA GROUP - ADR CN BABA 32.44 $5,677.11
020002101 ALLSTATE CORPORATION US ALL 6.59 $674.27
02079K107 ALPHABET INC-CL C US GOOG 84.53 $100,427.46
02079K305 ALPHABET INC-CL A US GOOGL 84.53 $100,632.86
02209S103 ALTRIA GROUP INC US MO 1,584.9 $69,323.35
023135106 AMAZON.COM INC US AMZN 75.68 $134,432.92
02319V103 AMBEV SA-ADR BR ABEV 22,063.72 $100,169.28
0237400 DIAGEO PLC GB DGE LN 1,973.63 $84,498.11
02376RAA0 AMERICAN AIRLINES GROUP 5.50000 10/01/2019 US 1,965.76 $1,968.71
024835100 AMERICAN CAMPUS COMMUNITIES US ACC 19.66 $913.69
0263494 BAE SYSTEMS PLC GB BA/ LN 678.19 $4,510.03
02665T306 AMERICAN HOMES 4 RENT- A US AMH 125.81 $3,218.19
0287580 BRITISH AMERICAN TOBACCO PLC GB BATS LN 115 $4,033.90
03019LAA4 AMERICAN TANKER INC 9.25000 02/22/2022 US 1,474.32 $1,485.32
03027X100 AMERICAN TOWER REIT INC US AMT 595.13 $136,994.03
03064D108 AMERICOLD REALTY TRUST US COLD 57.5 $2,094.10
031162100 AMGEN INC US AMGN 12.29 $2,563.11
03690AAF3 ANTERO MIDSTREAM PART/FI 5.75000 01/15/2028 US 491.44 $445.98
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901109AF5 TUTOR PERINI CORP 6.87500 05/01/2025 US 982.88 $915.32
902494103 TYSON FOODS INC -CL A US TSN 7.86 $731.58
902653104 UDR INC US UDR 35.88 $1,728.47
902973304 U.S. BANCORP US USB 31.55 $1,662.40
903002103 UMH PROPERTIES INC US UMH 43.25 $556.15
904767704 UNILEVER PLC - ADR GB UL 2,144.16 $135,467.74
907818108 UNION PAC CORP US UNP 12.68 $2,053.52
911312106 UNITED PARCEL SERVICE US UPS 18.58 $2,204.28
912810PT9 UNITED STATES TREAS BOND 4.75000 02/15/2037 US 61,430.08 $89,781.50
912810QV3 UNITED STATES TREAS INFL INDEX 0.75000 02/15/2042 US 24,756.74 $27,170.41
912810RX8 US TREASURY N/B 3.00000 05/15/2047 US 56,024.23 $68,456.79
9128283W8 US TREASURY N/B 2.75000 02/15/2028 US 104,185.41 $114,603.95
9128284P2 US TREASURY N/B 2.62500 05/15/2021 US 118,928.63 $120,986.65
912828K33 UNITED STATES TREAS INFL INDEX 0.12500 04/15/2020 US 111,698.3 $110,640.22
912828K74 US TREASURY N/B 2.00000 08/15/2025 US 737,455.78 $760,587.69
912828R36 US TREASURY N/B 1.62500 05/15/2026 US 119,911.51 $121,194.94
912828VB3 UNITED STATES TREAS NTS 1.75000 05/15/2023 US 116,962.87 $118,328.95
912828WJ5 US TREASURY N/B 2.50000 05/15/2024 US 106,642.61 $111,883.10
912828X88 US TREASURY N/B 2.37500 05/15/2027 US 112,343.32 $119,786.07
913017109 UNITED TECHNOLOGIES CORP US UTX 14.94 $1,945.76
91324P102 UNITEDHEALTH GROUP INC US UNH 320.42 $74,978.11
91704F104 URBAN EDGE PROPERTIES US UE 78.63 $1,376.82
918204108 VF CORP US VFC 10.62 $869.91
91913Y100 VALERO ENERGY US VLO 11.4 $858.30
92189F106 MARKET VECTORS GOLD MINERS US 377.52 $11,272.89
92276F100 VENTAS INC US VTR 47.18 $3,462.42
92339V100 VEREIT INC US VER 213.29 $2,079.53
92343VDV3 VERIZON COMMUNICATIONS 5.50000 03/16/2047 US 14,743.22 $19,781.91
92511U102 VERRA MOBILITY CORP US VRRM 12,176.92 $169,502.66
92532F100 VERTEX PHARMACEUTICALS INC US VRTX 215.74 $38,837.95
92553P201 VIACOM INC CL B US VIAB 14.25 $356.01
92826C839 VISA INC - CLASS A SHARES US V 975.51 $176,391.65
92840JAA7 VISTAJET MALTA/XO MGMT 10.50000 06/01/2024 MUL 982.88 $965.68
929042109 VORNADO REALTY TRUST US VNO 12.78 $772.65
92922PAL0 W & T OFFSHORE INC 9.75000 11/01/2023 US 491.44 $474.24
931142103 WAL MART STORES US WMT 38.14 $4,357.40
931427108 WALGREENS BOOTS ALLIANCE INC US WBA 20.15 $1,031.43
94106L109 WASTE MANAGEMENT INC US WM 10.42 $1,243.45
94856UAA9 WEEKLEY HOMES LLC/ FINAN 6.62500 08/15/2025 US 982.88 $982.88
948741103 WEINGARTEN REALTY INVESTORS US WRI 51.6 $1,366.92
949746101 WELLS FARGO COMPANY US WFC 68.21 $3,176.63
95040Q104 WELLTOWER INC. US WELL 28.5 $2,552.78
958102105 WESTERN DIGITAL CORP US WDC 10.32 $591.04
96949LAD7 WILLIAMS PARTNERS LP 3.75000 06/15/2027 US 7,863.05 $8,199.21
B00FM53 BANCO BRADESCO SA - PREF BR BBDC4 BZ 393.15 $3,142.56
B01FLR7 PING AN INSURANCE GROUP CO-H CN 2318 HK 245.72 $2,819.15
B02J639 ADMIRAL GROUP PLC GB ADM LN 89.44 $2,343.88
B037HR3 ITAU UNIBANCO HOLDINGS S-PREF BR ITUB4 BZ 481.61 $3,954.31
B037JC2 NEXITY FR NXI FP 14.25 $662.01
B058TZ6 SAFRAN SA FR SAF FP 15.73 $2,284.08
B068DB9 SM INVESTMENTS CORP PH SM PM 106.15 $2,091.57
B07DRZ5 RECORDATI SPA IT REC IM 99.76 $4,377.29
B08K3S0 LOCALIZA RENT A CAR BR RENT3 BZ 49.14 $561.93
B0C2CQ3 ENGIE FR ENGI FP 90.43 $1,374.89
B0CGYD6 LOJAS RENNER S.A. BR LREN3 BZ 78.63 $961.19
B0MP1B0 SHENZHOU INTERNATIONAL GROUP CN 2313 HK 265.38 $3,600.47
B11ZRK9 LEGRAND SA FR LR FP 12.29 $867.42
B13X013 EIFFAGE FR FGR FP 12.78 $1,324.04
B15C557 TOTAL SA FR FP FP 84.53 $4,221.19
B1FW751 GALP ENERGIA SGPS SA PT GALP PL 251.13 $3,609.10
B1KFX13 GRUPO AEROPORTUARIO DEL CENT MX OMAB MM 324.35 $1,907.28
B1XFTL2 HEXAGON AB-B SHS SE HEXAB SS 39.81 $1,772.86
B1XH026 VINCI SA FR DG FP 40.79 $4,456.54
B1Y47Y7 GERRESHEIMER AG DE GXI GR 25.06 $1,893.97
B1Y9TB3 DANONE FR BN FP 115 $10,302.48
B1YVKN8 ANTA SPORTS PRODUCTS LTD CN 2020 HK 294.86 $2,445.91
B1YXBJ7 AIR LIQUIDE FR AI FP 20.15 $2,807.37
B1Z9Q99 ABOITIZ POWER CORP PH AP PM 1,857.65 $1,355.93
B247XZ6 MANILA ELECTRIC COMPANY PH MER PM 177.9 $1,247.23
B3NB1P2 SUNCOR ENERGY INC CA SU CN 114.01 $3,334.62
B3ZCNF7 TELEFONICA BRASIL S.A. - PREF BR VIVT4 BZ 39.32 $509.36
B4JSTL6 WYNN MACAU LTD MO 1128 HK 1,376.03 $2,742.23
B4P8HQ1 MGM CHINA HOLDINGS LTD MO 2282 HK 1,258.09 $1,878.86
B4R2R50 JULIUS BAER CH BAER SW 1,381.44 $54,830.16
B4V5RY4 BANCO SANTANDER BRASIL - UNIT BR SANB11 BZ 29.49 $302.70
B5B23W2 SANDS CHINA LTD MO 1928 HK 629.04 $2,847.83
B5VJH76 BDO UNIBANK INC PH BDO PM 688.02 $1,968.68
B63QM77 NEXON CO LTD JP 3659 JP 636.32 $8,586.84
B725S29 PUREGOLD PRICE CLUB INC PH PGOLD PM 638.87 $539.03
B7FQV64 RAIA DROGASIL S.A. BR RADL3 BZ 19.66 $439.25
B92RW83 LT GROUP INC PH LTG PM 1,965.76 $558.11
B9N3SQ0 BB SEGURIDADE PARTICIPACOES BR BBSE3 BZ 68.8 $545.13
BB22L96 KION GROUP AG DE KGX GR 37.84 $1,833.82
BBQ3850 KEYWORDS STUDIOS PLC IE KWS LN 55.53 $1,075.86
BD0PJ08 INMOBILIARIA COLONIAL SOCIMI ES COL SM 181.34 $2,094.33
BD4TZK8 OCI NV NL OCI NA 39.81 $873.40
BD9Y5C0 TECHNOGYM SPA IT TGYM IM 279.63 $2,834.15
BD9Y9B7 BASIC-FIT NV NL BFIT NA 93.87 $2,945.75
BF1K7P7 ESSITY AKTIEBOLAG-B SE ESSITYB SS 142.52 $4,452.01
BFTCYP4 ROBINSONS RETAIL HOLDINGS IN PH RRHI PM 403.96 $605.28
BG36ZK1 B3 SA-BRASIL BOLSA BALCAO BR B3SA3 BZ 196.58 $2,136.66
BG7ZWY7 AMBEV SA BR ABEV3 BZ 452.13 $2,055.91
BGHQ198 HIBERNIA REIT PLC IE HBRN ID 629.04 $1,014.90
BH4TZ73 FU SHOU YUAN INTERNATIONAL CN 1448 HK 3,341.8 $3,233.63
BJ2KSG2 AKZO NOBEL NL AKZA NA 1,094.24 $98,083.27
BJT1GR5 ALCON INC CH ALC SW 35.68 $2,169.66
BMJ6DW5 INFORMA PLC GB INF LN 409.37 $4,335.81
BMMV2K8 TENCENT HOLDINGS LTD CN 700 HK 3,907.84 $161,337.15
BMTRW10 B&M EUROPEAN VALUE RETAIL SA GB BME LN 355.8 $1,553.43
BNGN9Z1 FINECOBANK SPA IT FBK IM 5,422.06 $56,149.23
BP9DL90 INDUSTRIA DE DISENO TEXTIL ES ITX SM 2,618.89 $81,038.17
BSQXJ01 THULE GROUP AB/THE SE THULE SS 199.03 $3,955.03
BVSS790 ELIS SA FR ELIS FP 72.24 $1,285.44
BYXS699 QIAGEN N.V. NL QIA GR 83.54 $2,911.48
BYXZ2W5 RUMO SA BR RAIL3 BZ 108.12 $580.92
BYYHL23 ANHEUSER-BUSCH INBEV SA/NV BE ABI BB 1,127.86 $106,603.96
BYZFYS3 SPIE SA FR SPIE FP 34.89 $633.17
BYZFZ91 SOPHOS GROUP PLC GB SOPH LN 565.16 $2,647.61
BYZR014 AMUNDI SA FR AMUN FP 28.5 $1,822.15
G0750C108 AXALTA COATING SYSTEMS LTD US AXTA 2,233.6 $64,506.30
G0772R208 BANK OF N.T. BUTTERFIELD&SON BM NTB 84.53 $2,329.59
G25839104 COCA-COLA EUROPEAN PARTNERS GB CCEP 76.66 $4,319.29
G29183103 EATON CORP PLC US ETN 11.6 $936.19
G37585AC3 GASLOG LTD 8.87500 03/22/2022 BM 982.88 $1,017.28
G45667105 HOLLYSYS AUTOMATION TECHNOLOGIES CN HOLI 115 $1,799.70
G50871105 JAZZ PHARMACEUTICALS IE JAZZ 33.42 $4,282.51
G51502105 JOHNSON CONTROLS INTERNATIONAL US JCI 21.92 $935.69
G5960L103 MEDTRONIC INC IE MDT 2,013.73 $217,261.01
G97822103 PERRIGO CO PLC IE PRGO 69.29 $3,241.53
H01301128 ALCON INC CH ALC 901.7 $54,967.34
H1467J104 CHUBB LTD CH CB 7.08 $1,105.95
H8817H100 TRANSOCEAN LTD US RIG 11,074.12 $50,387.26
N22717107 CORE LABORATORIES N.V. NL CLB 2,098.94 $83,097.15
N47279109 INTERXION HOLDING NV NL INXN 840.36 $68,019.02
N53745100 LYONDELLBASELL INDU-CL A US LYB 10.62 $821.40
N72482123 QIAGEN N.V. ADR NL QGEN 2,301.42 $79,836.13
USD US DOLLAR US 128,804.06 $128,804.06

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 2060 Series Class K Distribution History
  • 2019 Distribution Calendar
  • Fourth Quarter 2018 Distributions
  • Third Quarter 2018 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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