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

$11.49

Daily $ Change

-$0.18

Daily % Change

-1.57%

as of 11/12/2018

Ticker

MTKZX

CUSIP

56382R571

Inception Date

10/16/2017

This fund is available for qualified retirement plans only.

Important Documents

Summary Prospectus
Prospectus
Statement of Additional Information
Annual Report
Semi-Annual Report
Fact Sheet
Applications & Forms
XBRL-3/20/18

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 10/31/2018

YTD

-0.43%

1 Year

2.74%

3 Year

8.17%

5 Year

---

10 Year

---

Inception
(09/21/2015)

9.11%

Market Cycle

---

Inception performance is based on the Target Series Class I inception of 09/21/2015. For periods through 10/16/2017 (the inception date of the Class R6 shares), performance for the Class R6 shares is based on the historical performance of the Class I shares. Because the Class R6 shares invest in the same portfolio of securities as the Class I shares, performance will be different only to the extent that the Class I shares have a higher expense ratio. 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 5.87%
Net 0.61%*

*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 prior to the expiration date of 02/29/2028 without the approval of the Fund’s Board of Directors.

Top Ten Investments

As of 10/31/2018

TREASURY NOTES 8.06%
BOOKING HOLDINGS INC 1.83%
INCYTE CORP 1.83%
MASTERCARD INC-CLASS A 1.83%
QORVO INC 1.80%
MEDTRONIC INC 1.77%
LULULEMON - ADR 1.64%
VISA INC - CLASS A SHARES 1.59%
NOVARTIS AG- REG 1.59%
TREASURY BONDS 1.55%

Top Ten Investments list is unaudited and excludes cash.

Asset Allocation

As of 10/31/2018

Stocks 83.99%
Bonds 14.80%
Cash 1.21%

Detailed Asset Class Allocation

As of 10/31/2018

International Equities 29.38%
Small Capitalization 1.44%
Mid Capitalization 9.39%
Large Capitalization 43.78%
Long Term Fixed Income 2.54%
Intermediate Term Fixed Income 9.57%
Short Term Fixed Income 2.69%
Cash 1.21%

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

October Fund Holdings

As of 10/31/2018

CUSIP Security Description Country Ticker Shares/Par Market Value (USD)
00101JAM8 ADT CORP 5.25000 03/15/2020 US 1,209.31 $1,221.40
00206RDQ2 AT&T INC 4.25000 03/01/2027 US 11,286.89 $10,945.61
004239109 ACADIA REALTY TRUST US AKR 22.98 $639.68
0045614 ANTOFAGASTA PLC GB ANTO LN 3,131.71 $31,348.51
0053673 ASHTEAD GROUP PLC GB AHT LN 86.67 $2,139.54
00724F101 ADOBE INC US ADBE 390.61 $95,995.61
00774MAG0 AERCAP IRELAND CAP / GLOBA 4.45000 10/01/2025 IE 11,286.89 $11,021.55
00790X101 ADVANCED DISPOSAL SERVICES US ADSW 3,971.37 $107,584.52
008492100 AGREE REALTY CORP US ADC 12.09 $692.57
00928QAK7 AIRCASTLE LTD 6.25000 12/01/2019 BM 806.21 $828.54
015271109 ALEXANDRIA REAL EST EQUITIES US ARE 4.84 $591.26
01609W102 ALIBABA GROUP - ADR CN BABA 1,104.1 $157,091.35
01748XAA0 ALLEGIANT TRAVEL CO 5.50000 07/15/2019 US 1,451.17 $1,458.43
02005NAT7 ALLY FINANCIAL INC 3.50000 01/27/2019 US 1,209.31 $1,207.80
02079K107 ALPHABET INC-CL C US GOOG 91.91 $98,963.30
02079K305 ALPHABET INC-CL A US GOOGL 87.47 $95,396.77
02209S103 ALTRIA GROUP INC US MO 1,349.59 $87,777.33
023135106 AMAZON.COM INC US AMZN 69.74 $111,440.23
02319V103 AMBEV SA-ADR BR ABEV 24,252.71 $105,014.24
0237400 DIAGEO PLC GB DGE LN 2,489.57 $86,068.09
024835100 AMERICAN CAMPUS COMMUNITIES US ACC 16.93 $668.92
0263494 BAE SYSTEMS PLC GB BA/ LN 489.77 $3,284.05
02665T306 AMERICAN HOMES 4 RENT- A US AMH 117.3 $2,471.58
02666TAA5 AMERICAN HOMES 4 RENT 4.25000 02/15/2028 US 12,093.1 $11,430.82
02753GAA7 AMERICAN MIDSTREAM PTR/F 9.50000 12/15/2021 US 2,015.52 $1,975.21
03027X100 AMERICAN TOWER REIT INC US AMT 866.27 $134,973.38
03064D108 AMERICOLD REALTY TRUST US COLD 22.17 $548.72
03748R101 APARTMENT INVT & MGMT CO -A US AIV 44.34 $1,908.45
03784Y200 APPLE HOSPITALITY REIT INC US APLE 61.67 $997.28
0405207 HALMA PLC GB HLMA LN 126.57 $2,148.02
0490656 KERRY GROUP PLC-A IE KYGA LN 38.29 $3,918.88
053332102 AUTOZONE INC US AZO 203.57 $149,310.42
053484101 AVALONBAY COMMUNITIES INC US AVB 27.41 $4,807.35
058498106 BALL CORP US BLL 2,152.57 $96,435.22
06051GFM6 BANK OF AMERICA CORP 4.00000 01/22/2025 US 17,736.55 $17,272.53
0822011 DS SMITH PLC GB SMDS LN 646.66 $3,244.67
084670702 BERKSHIRE HATHAWAY INC-CL B US BRK/B 559.91 $114,938.43
09061G101 BIOMARIN PHARMACEUTICAL INC US BMRN 1,336.69 $123,202.78
0922320 SMITH & NEPHEW PLC GB SN/ LN 89.09 $1,448.08
09247X101 BLACKROCK INC US BLK 386.98 $159,210.98
0946580 WEIR GROUP PLC/THE GB WEIR LN 285.8 $5,783.61
096630AE8 BOARDWALK PIPELINES LP 5.95000 06/01/2026 US 16,124.13 $16,848.30
09857L108 BOOKING HOLDINGS INC US BKNG 109.64 $205,536.65
101121101 BOSTON PROPERTIES INC US BXP 30.23 $3,650.91
105368203 BRANDYWINE REALTY TRUST US BDN 156.81 $2,204.71
110122108 BRISTOL MYERS SQUIBB CO US BMY 966.24 $48,833.70
110448107 BRITISH AMERICAN TOB-SP ADR GB BTI 85.46 $3,708.87
12467AAD0 C&S GROUP ENTERPRISES 5.37500 07/15/2022 US 1,612.41 $1,555.98
1248EPBR3 CCO HLDGS LLC/CAP CORP 5.50000 05/01/2026 US 2,015.52 $1,965.13
12503M108 CBOE GLOBAL MARKETS INC US CBOE 254.36 $28,704.32
125269100 CF INDUSTRIES HOLDINGS INC US CF 2,274.31 $109,235.06
12572Q105 CME GROUP INC US CME 144.71 $26,517.41
12592BAB0 CNH INDUSTRIAL CAPITAL L 3.37500 07/15/2019 US 11,286.89 $11,276.74
126307AH0 CSC HOLDINGS LLC 5.25000 06/01/2024 US 2,660.48 $2,564.04
13321L108 CAMECO CORP CA CCJ 190.67 $2,043.96
134429109 CAMPBELL SOUP CO US CPB 2,404.11 $89,937.69
14912Y202 CATCHMARK TIMBER TRUST INC US CTT 76.27 $674.96
156504AH5 CENTURY COMMUNITIES 5.87500 07/15/2025 US 8,545.79 $7,733.94
165240102 CHESAPEAKE LODGING TRUST US CHSP 32.25 $947.78
172967EW7 CITIGROUP INC 8.12500 07/15/2039 US 12,093.1 $16,884.94
191216100 COCA COLA CO/THE US KO 3,165.97 $151,586.82
192422103 COGNEX CORP US CGNX 1,216.16 $52,100.41
194162103 COLGATE-PALMOLIVE CO US CL 1,146.83 $68,293.67
19626G108 COLONY CAPITAL INC US CLNY 135.04 $792.68
20369C106 COMMUNITY HEALTHCARE TRUST I US CHCT 37.09 $1,102.18
2171573 CANADIAN NATURAL RESOURCES CA CNQ CN 111.66 $3,063.65
2180632 CANADIAN NATL RAILWAY CO CA CNR CN 18.14 $1,550.71
21871N101 CORECIVIC INC US CXW 73.77 $1,656.83
21987BAK4 CODELCO INC 5.62500 09/21/2035 CL 7,255.86 $7,690.27
222795106 COUSINS PROPERTIES INC US CUZ 267.66 $2,224.26
22282EAH5 COVANTA HOLDING CORP 6.00000 01/01/2027 US 2,418.62 $2,333.97
2242059 FOMENTO ECONOMICO EXICA-UBD MX 153.18 $1,304.79
22663AAA7 ORTHO-CLINICAL DIAGNOSTI 6.62500 05/15/2022 US 1,612.41 $1,549.53
22822V101 CROWN CASTLE INTL CORP US CCI 16.93 $1,841.01
228368106 CROWN HOLDINGS INC US CCK 909.8 $38,475.62
229663109 CUBESMART US CUBE 18.14 $525.69
2306814 EL PUERTO DE LIVERPOOL -C1 MX 186.64 $1,185.24
2328595 BANCO DO BRASIL S.A. BR BBAS3 BZ 88.68 $1,016.34
23311RAD8 DCP MIDSTREAM OPERATING 5.35000 03/15/2020 US 1,209.31 $1,222.91
2347608 FIRST QUANTUM MINERALS LTD CA FM CN 329.34 $3,287.23
23918K108 DAVITA INC. US DVA 1,264.94 $85,180.94
23918KAR9 DAVITA INC 5.00000 05/01/2025 US 2,418.62 $2,285.60
2392471 GRUPO BIMBO SAB- SERIES A MX BIMBOA MM 528.47 $988.09
2434760 MEXICHEM SAB DE CV MX MEXCHEM* MM 978.73 $2,559.92
2458771 ITAUSA INVESTIMENTOS ITAU -PR BR ITSA4 BZ 346.67 $1,043.31
2491914 KIMBERLY CLARK DE MEXICO S.A.B. MX 1,386.68 $1,998.10
2516710 LOJAS AMERICANAS SA - PREF BR LAME4 BZ 128.99 $645.05
25271C102 DIAMOND OFFSHORE DRILLING US DO 2,514.56 $35,656.44
253393102 DICK'S SPORTING GOODS INC US DKS 2,983.77 $105,535.98
253868103 DIGITAL REALTY TRUST INC US DLR 31.85 $3,288.33
25470DAT6 DISCOVERY COMMUNICATIONS 5.20000 09/20/2047 US 11,286.89 $10,439.10
26780TAA5 DYNAGAS LNG PARTNERS/FIN 6.25000 10/30/2019 MH 2,257.38 $2,251.74
269246401 ETRADE FINANCIAL CORP US ETFC 1,189.15 $58,768.03
2715777 QUEBECOR INC -CL B CA QBR/B CN 3,963.72 $77,741.75
277276101 EASTGROUP PROPERTIES US EGP 5.24 $501.97
2801836 SHAW COMMUNICATIONS INC-B CA SJR/B CN 4,196.31 $78,127.88
285512109 ELECTRONIC ARTS US EA 1,171.02 $106,538.96
2866857 LUNDIN MINING CORP CA LUN CN 7,324.79 $30,101.50
294429105 EQUIFAX INC US EFX 576.03 $58,432.96
29444U700 EQUINIX INC US EQIX 198.73 $75,266.98
2945422 WEG SA BR WEGE3 BZ 128.99 $624.25
29472R108 EQUITY LIFESTYLE PROPERTIES US ELS 12.5 $1,183.27
29476L107 EQUITY RESIDENTIAL US EQR 61.67 $4,006.40
297178105 ESSEX PROPERTY TRUST INC US ESS 10.48 $2,628.35
30225T102 EXTRA SPACE STORAGE INC US EXR 13.71 $1,234.32
30264DAA7 FS ENERGY & POWER FUND 7.50000 08/15/2023 US 2,418.62 $2,452.48
313747206 FEDERAL RLTY INVT TR SH BEN INT US FRT 5.24 $650.06
31410HAQ4 MACYS RETAIL HLDGS INC 6.90000 04/01/2029 US 5,643.45 $5,919.90
31428X106 FEDEX CORPORATION US FDX 534.92 $117,863.86
3174300 BURBERRY GROUP PLC GB BRBY LN 65.3 $1,511.06
32054K103 FIRST INDUSTRIAL REALTY TR US FR 31.04 $952.90
3208986 NEXT PLC GB NXT LN 21.77 $1,446.08
336130AB5 FIRST QUALITY FINANCE CO 5.00000 07/01/2025 US 1,209.31 $1,112.57
34960PAB7 FORTRESS TRANS & INFRAST 6.50000 10/01/2025 US 2,015.52 $1,980.25
35671D857 FREEPORT-MCMORAN INC US FCX 4,207.59 $49,018.45
35802XAD5 FRESENIUS MED CARE II 5.62500 07/31/2019 US 1,451.17 $1,473.81
37045VAR1 GENERAL MOTORS CO FLT 3.22706 09/10/2021 US 11,286.89 $11,270.57
371559105 GENESEE & WYOMING INC -CL A US GWR 995.67 $78,886.56
37185LAF9 GENESIS ENERGY LP/GENESI 5.62500 06/15/2024 US 1,612.41 $1,459.23
374297109 GETTY REALTY CORP US GTY 37.89 $1,016.63
37953TAB1 GLOBAL SHIP LEASE INC 9.87500 11/15/2022 MH 2,418.62 $2,303.74
39807UAB2 GREYSTAR REAL ESTATE PAR 5.75000 12/01/2025 US 2,418.62 $2,346.06
400506101 GRUPO AEROPORTUARIO PAC-ADR MX PAC 14.51 $1,202.73
4012250 AIRBUS SE FR AIR FP 19.75 $2,182.87
404121AH8 HCA INC 5.37500 09/01/2026 US 2,015.52 $2,000.40
40414L109 HCP INC US HCP 67.72 $1,865.72
4057808 L'OREAL FR OR FP 13.71 $3,087.92
4061412 LVMH MOET HENNESSY LOUIS VUITTON FR MC FP 9.27 $2,812.97
4162791 THALES SA FR HO FP 3.22 $411.87
4163437 CAP GEMINI FR CAP FP 5.24 $639.87
421946104 HEALTHCARE REALTY TRUST INC US HR 43.94 $1,224.12
42225P501 HEALTHCARE TRUST OF AMERICA US HTA 49.18 $1,291.43
4354350 FUCHS PETROLUB SE - PREF DE FPE3 GR 31.04 $1,436.78
44107P104 HOST MARRIOTT CORP US HST 128.19 $2,449.65
444454AD4 HUGHES SATELLITE SYSTEMS 5.25000 08/01/2026 US 3,627.93 $3,446.53
4497749 KBC GROEP NV BE KBC BB 30.23 $2,083.51
45031UCD1 ISTAR INC 5.25000 09/15/2022 US 1,612.41 $1,560.01
45337C102 INCYTE CORP US INCY 3,167.99 $205,349.06
45378A106 INDEPENDENCE REALTY TRUST IN US IRT 116.5 $1,154.48
45763PAE6 INMARSAT FINANCE PLC 4.87500 05/15/2022 GB 8,223.31 $8,054.89
45866F104 INTERCONTINENTALEXCHANGE INC US ICE 324.1 $24,968.29
459745GH2 INTL LEASE FINANCE CORP 6.25000 05/15/2019 US 12,093.1 $12,285.97
46120E602 INTUITIVE SURGICAL INC US ISRG 222.92 $116,179.44
46187W107 INVITATION HOMES INC US INVH 102.71 $2,247.31
464286624 ISHARES MSCI THAILAND ETF TH 99 $8,583.49
464287739 ISHARES DJ US REAL ESTATE US 24.99 $1,952.16
46625HHL7 JPMORGAN CHASE & CO 6.30000 04/23/2019 US 16,930.34 $17,204.52
4682329 PERNOD-RICARD SA FR RI FP 8.06 $1,229.35
4712798 RENAULT SA FR RNO FP 8.47 $632.12
4741844 MERCK KGAA DE MRK GR 540.56 $57,841.53
476405105 JERNIGAN CAPITAL INC US JCAP 65.71 $1,285.86
478160104 JOHNSON & JOHNSON US JNJ 1,033.96 $144,744.07
47987LAA9 JONAH NRG LLC/FINANCE 7.25000 10/15/2025 US 8,787.65 $6,986.18
4821100 SOLVAY SA BE SOLB BB 43.54 $4,958.95
4834108 SCHNEIDER ELECTRIC SE FR SU FP 19.75 $1,428.29
4834777 VIVENDI FR VIV FP 33.05 $797.21
4846288 SAP AG DE SAP GR 13.71 $1,467.49
49446R109 KIMCO REALTY CORP US KIM 57.24 $921.00
494550AW6 KINDER MORGAN ENER PART 6.95000 01/15/2038 US 14,511.72 $16,621.72
5002465 HENKEL AG & CO KGAA DE HEN GR 14.11 $1,382.04
50187TAE6 LGI HOMES INC 6.87500 07/15/2026 US 2,015.52 $1,914.74
50212YAB0 LPL HOLDINGS INC 5.75000 09/15/2025 US 2,015.52 $1,957.57
502160AM6 LSB INDUSTRIES 9.62500 05/01/2023 US 2,418.62 $2,509.32
5048566 SWEDISH MATCH AB SE SWMA SS 28.62 $1,457.88
505742AD8 LADDER CAP FIN LLLP/CORP 5.87500 08/01/2021 US 1,209.31 $1,218.38
5107401 BEIERSDORF AG DE BEI GR 976.72 $100,989.67
512816109 LAMAR ADVERTISING CO US LAMR 10.48 $768.44
5176177 ORANGE FR ORA FP 64.09 $1,000.39
5253973 HERMES INTERNATIONAL FR RMS FP 2.42 $1,380.79
5263574 FLSMIDTH & CO A/S DK FLS DC 16.53 $867.19
5289837 ERSTE GROUP BANK AG AT EBS AV 52 $2,116.79
529043101 LEXINGTON REALTY TRUST US LXP 117.71 $914.58
531172104 LIBERTY PROPERTY TRUST US LPT 46.76 $1,957.84
5330047 DASSAULT SYSTEMES SA FR DSY FP 4.84 $605.54
5458314 AKZO NOBEL NL AKZA NA 1,269.37 $106,582.31
5474008 BANKINTER S.A. ES BKT SM 359.97 $2,949.23
5476929 BARRY CALLEBAUT AG-REG CH BARN SW 1.21 $2,363.69
550021109 LULULEMON - ADR CA LULU 1,310.49 $184,425.11
5505072 KERING FR KER FP 2.82 $1,254.22
554382101 THE MACERICH CO US MAC 9.27 $478.59
5545670 JUNGHEINRICH AG DE JUN3 GR 63.69 $2,110.17
55616XAC1 MACYS RETAIL HLDGS INC 7.00000 02/15/2028 US 5,643.45 $5,959.56
55933JAB0 MAGNACHIP SEMICONDUCTOR 6.62500 07/15/2021 US 2,257.38 $2,121.94
5669354 REPSOL SA ES REP SM 301.12 $5,380.61
5671519 WOLTERS KLUWER NL WKL NA 24.19 $1,372.19
5671735 SANOFI-AVENTIS FR SAN FP 37.09 $3,313.96
5713422 METSO OYJ FI METSO FH 94.73 $2,990.77
5727973 SIEMENS AG-REG DE SIE GR 36.28 $4,170.17
57636Q104 MASTERCARD INC-CLASS A US MA 1,038.39 $205,259.38
5852842 ACCOR SA FR AC FP 69.74 $3,186.43
58933Y105 MERCK & CO INC US MRK 718.73 $52,905.95
59001ABA9 MERITAGE HOMES CORP 5.12500 06/06/2027 US 1,612.41 $1,418.92
594918104 MICROSOFT CORP US MSFT 1,427.79 $152,502.47
59522J103 MID-AMERICA APARTMENT COMM US MAA 20.96 $2,048.14
5962280 CHOCOLADEFABRIKEN LINDT-PC CH LISP SW .4 $2,779.11
5966516 SOCIETE GENERALE FR GLE FP 28.22 $1,034.37
5980613 GIVAUDAN - REG CH GIVN SW .4 $977.09
5999330 TELEPERFORMANCE FR TEP FP 8.47 $1,394.14
6054603 ASAHI KASEI CORP JP 3407 JP 128.99 $1,547.72
609207105 MONDELEZ INTERNATIONAL INC US MDLZ 3,407.03 $143,027.09
6125286 TREND MICRO INC JP 4704 JP 48.37 $2,784.60
6129277 NTT DOCOMO INC JP 9437 JP 112.87 $2,799.02
6136749 OBIC CO LTD JP 4684 JP 40.31 $3,669.85
6141680 ORACLE CORP JAPAN JP 4716 JP 24.19 $1,637.14
6149457 KOBAYASHI PHARMACEUTICAL CO JP 4967 JP 24.19 $1,577.47
6171494 USS CO LTD JP 4732 JP 80.62 $1,453.74
61744YAG3 MORGAN STANLEY FLT 3.56325 05/08/2024 US 16,930.34 $17,108.96
6175076 KT&G CORP KR 033780 KS 15.72 $1,401.86
6196408 CHUGAI PHARMACEUTICAL CO LTD JP 4519 JP 48.37 $2,832.05
62426EAA3 MOUNTAIN PROVINCE DIAMON 8.00000 12/15/2022 CA 3,224.83 $3,273.20
6248990 KDDI CORP JP 9433 JP 112.87 $2,731.41
6250508 DAITO TRUST CONSTRUCT CO LTD JP 1878 JP 8.06 $1,062.89
6267058 OTSUKA CORP JP 4768 JP 48.37 $1,604.46
62913TAM4 NGL ENRGY PART LP/FIN CO 6.12500 03/01/2025 US 2,418.62 $2,200.94
6291819 CHINA PETROLEUM & CHEMICAL - H CN 386 HK 3,708.55 $3,020.90
62943WAE9 NRG YIELD OPERATING LLC 5.00000 09/15/2026 US 1,612.41 $1,499.54
6356934 FANUC LTD JP 6954 JP 16.12 $2,805.07
637417106 NATIONAL RETAIL PROPERTIES US NNN 20.96 $979.94
637870106 NATIONAL STORAGE AFFILIATES US NSA 19.75 $526.00
6390921 NOMURA RESEARCH INSTITUTE LT JP 4307 JP 64.5 $2,859.36
63938CAE8 NAVIENT CORP 7.25000 09/25/2023 US 1,209.31 $1,251.64
64110W102 NETEASE.COM INC- ADR CN NTES 14.11 $2,932.48
6441506 HOYA CORP JP 7741 JP 24.19 $1,368.35
6446620 HYUNDAI HEAVY INDUSTRIES KR 009540 KS 20.56 $2,261.48
6451066 HYUNDAI MIPO DOCKYARD KR 010620 KS 26.6 $2,206.63
6467104 ISUZU MOTORS LTD JP 7202 JP 112.87 $1,479.77
647581107 NEW ORIENTAL EDUCATIO- SP ADR CN EDU 55.63 $3,254.81
6482903 KANAMOTO CO LTD JP 9678 JP 64.5 $2,155.20
6483809 KAO CORP JP 4452 JP 24.19 $1,608.92
6490809 KIKKOMAN CORP JP 2801 JP 48.37 $2,650.19
6490995 KEYENCE CORP JP 6861 JP 126.57 $61,834.13
6518808 LION CORP JP 4912 JP 112.87 $2,122.03
6531827 GEELY AUTOMOBILE HOLDINGS LT CN 175 HK 1,209.31 $2,330.34
654106103 NIKE INC CLASS B US NKE 898.52 $67,424.74
6555805 MAKITA CORP JP 6586 JP 32.25 $1,114.90
6595179 MISUMI GROUP INC JP 9962 JP 72.56 $1,454.13
6619604 NGK SPARK PLUG CO LTD JP 5334 JP 72.56 $1,468.24
6630940 CHINA EVERBRIGHT INTL LTD HK 257 HK 1,598.91 $1,279.12
6641588 NISSAN CHEMICAL INDUSTRIES JP 4021 JP 32.25 $1,520.55
6642387 YAMAHA CORP JP 7951 JP 72.56 $3,188.54
6644800 NITORI HOLDINGS CO LTD JP 9843 JP 8.06 $1,052.69
66727WAA0 NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 CA 3,627.93 $3,652.78
66987V109 NOVARTIS AG- REG CH NVS 2,037.28 $178,180.88
67103H107 O'REILLY AUTOMOTIVE INC US ORLY 224.93 $72,146.83
6742340 SHANDONG WEIGAO CN 1066 HK 2,217.87 $1,986.66
6743882 JAPAN EXCHANGE GROUP INC JP 8697 JP 120.93 $2,165.96
6772217 SAMSUNG HEAVY INDUSTRIES KR 010140 KS 178.57 $1,095.60
6791591 SECOM CO LTD JP 9735 JP 16.12 $1,320.11
6793821 SEKISUI CHEMICAL CO LTD JP 4204 JP 96.74 $1,521.40
680665205 OLIN CORP US OLN 2,512.54 $50,753.37
6865504 SUZUKI MOTOR CORP JP 7269 JP 64.5 $3,216.23
6885074 TERUMO CORP JP 4543 JP 56.43 $3,046.44
6895200 TOHO CO LTD JP 9602 JP 40.31 $1,315.14
6897466 TOTO LTD JP 5332 JP 40.31 $1,442.15
69007J106 OUTFRONT MEDIA INC US OUT 34.67 $614.30
6913168 GUANGDONG INVESTMENT LTD HK 270 HK 1,612.41 $2,886.66
69145LAA2 OXFORD FIN LLC/CO-ISS II 6.37500 12/15/2022 US 1,612.41 $1,634.58
6948836 WESFARMERS LTD AU WES AU 44.74 $1,481.83
6979728 WOODSIDE PETROLEUM LTD AU WPL AU 130.61 $3,215.54
6985383 ASTELLAS PHARMA INC JP 4503 JP 104.81 $1,619.29
6986427 YOKOGAWA ELECTRIC CORP JP 6841 JP 72.56 $1,424.62
70014LAC4 PARK AEROSPACE HOLDINGS 4.50000 03/15/2023 KY 1,934.9 $1,840.82
7088429 AXA SA FR CS FP 74.98 $1,876.42
7103065 NOVARTIS AG-REG CH NOVN SW 60.47 $5,295.11
7103526 PEUGEOT SA FR UG FP 17.33 $412.03
7110902 TECAN GROUP AG-REG CH TECN SW 4.43 $1,000.29
7123870 NESTLE SA-REGISTERED CH NESN SW 1,431.82 $120,878.95
713448108 PEPSICO INC US PEP 770.33 $86,569.74
7145056 ENI SPA IT ENI IM 179.78 $3,192.90
7156036 SONOVA HOLDING AG-REG CH SOON SW 8.87 $1,446.28
718172109 PHILIP MORRIS INTERNATIONAL US PM 1,240.35 $109,237.53
71943U104 PHYSICIANS REALTY TRUST US DOC 151.57 $2,512.98
7212477 ESSILORLUXOTTICA FR EL FP 20.56 $2,807.80
7262610 CREDIT AGRICOLE SA FR ACA FP 48.78 $624.69
729640102 PLYMOUTH INDUSTRIAL REIT INC US 45.55 $637.71
7309681 BNP PARIBAS FR BNP FP 42.73 $2,226.77
733174AK2 POPULAR INC 6.12500 09/14/2023 PR 2,015.52 $2,039.30
7380062 AAREAL BANK AG DE ARL GR 56.84 $2,114.42
7380482 COMPAGNIE DE SAINT-GOBAIN FR SGO FP 16.93 $637.79
741503AZ9 PRICELINE GROUP INC/THE 3.60000 06/01/2026 US 17,736.55 $16,939.11
74340W103 PROLOGIS US PLD 73.36 $4,729.83
744320AL6 PRUDENTIAL FINANCIAL INC 5.87500 09/15/2042 US 10,480.69 $10,905.15
74460D109 PUBLIC STORAGE INC US PSA 14.91 $3,064.55
74736K101 QORVO INC US QRVO 2,748.36 $202,031.84
756109104 REALTY INCOME CORP US O 10.88 $655.97
75886F107 REGENERON PHARMACEUTICALS INC US REGN 195.1 $66,186.41
77340RAK3 ROCKIES EXPRESS PIPELINE 5.62500 04/15/2020 US 806.21 $823.70
780259107 ROYAL DUTCH SHELL PLC-ADR B NL RDS/B 98.36 $6,463.05
783513203 RYANAIR HOLDINGS - ADR IE RYAAY 22.57 $1,869.11
78410G104 SBA COMMUNICATIONS CORP US SBAC 821.52 $133,226.64
78442PGC4 SLM CORP 5.12500 04/05/2022 US 2,418.62 $2,406.53
785592AV8 SABINE PASS LIQUEFACTION 5.87500 06/30/2026 US 16,124.13 $17,117.76
80282KAE6 SANTANDER HOLDINGS USA 4.50000 07/17/2025 US 11,286.89 $11,036.84
806857108 SCHLUMBERGER LTD NL SLB 2,674.59 $137,233.25
808513105 CHARLES SCHWAB CORP/THE US SCHW 2,193.29 $101,417.51
81211K100 SEALED AIR CORP US SEE 3,044.24 $98,511.49
812578102 SEATTLE GENETICS INC US SGEN 1,230.27 $69,055.13
81663AAD7 SEMGROUP CORP 6.37500 03/15/2025 US 1,612.41 $1,560.01
81762P102 SERVICENOW INC US NOW 878.77 $159,091.67
81783QAC9 SEVEN GENERATIONS ENERGY 5.37500 09/30/2025 CA 1,451.17 $1,353.22
822538AE4 SHELF DRILL HOLD LTD 8.25000 02/15/2025 KY 1,612.41 $1,616.44
828806109 SIMON PROPERTY GROUP INC US SPG 35.88 $6,584.00
83088M102 SKYWORKS SOLUTIONS INC US SWKS 733.25 $63,616.33
84265V105 SOUTHERN COPPER CORPORATION US SCCO 1,707.55 $65,467.30
845467AL3 SOUTHWESTERN ENERGY CO 6.20000 01/23/2025 US 1,693.03 $1,646.48
852061AK6 SPRINT COMMUNICATIONS 9.00000 11/15/2018 US 644.97 $646.26
852061AQ3 SPRINT COMMUNICATIONS 7.00000 03/01/2020 US 644.97 $668.35
85254J102 STAG INDUSTRIAL INC US STAG 46.76 $1,237.27
862121100 STORE CAPITAL CORP US STOR 22.17 $643.61
866674104 SUN COMMUNITIES US SUI 24.99 $2,510.99
867892101 SUNSTONE HOTEL INVESTORS INC US SHO 101.99 $1,475.73
874080104 TAL EDUCATION GROUP - ADR CN TAL 40.31 $1,168.19
87470LAA9 TALLGRASS NRG PRTNR/FIN 5.50000 09/15/2024 US 1,209.31 $1,216.87
87854WAA1 TECHNIPLAS LLC 10.00000 05/01/2020 US 1,612.41 $1,515.67
88104LAE3 TERRAFORM POWER OPERATIN 5.00000 01/31/2028 US 1,612.41 $1,441.09
883556102 THERMO FISHER SCIENTIFIC INC US TMO 265.65 $62,067.98
88650V208 TIER REIT INC US TIER 94.33 $2,044.05
901109AF5 TUTOR PERINI CORP 6.87500 05/01/2025 US 2,257.38 $2,260.20
902653104 UDR INC US UDR 64.9 $2,543.42
903002103 UMH PROPERTIES INC US UMH 47.16 $675.85
90384S303 ULTA BEAUTY INC US ULTA 274.92 $75,470.07
904767704 UNILEVER PLC - ADR GB UL 2,598.4 $137,663.45
912810FM5 UNITED STATES TREAS BOND 6.25000 05/15/2030 US 46,115.02 $59,702.74
912810PT9 UNITED STATES TREAS BOND 4.75000 02/15/2037 US 67,721.36 $81,535.46
912810QV3 UNITED STATES TREAS INFL INDEX 0.75000 02/15/2042 US 32,584.6 $28,943.01
912810RX8 US TREASURY N/B 3.00000 05/15/2047 US 35,473.09 $32,855.57
9128282N9 US TREASURY N/B 2.12500 07/31/2024 US 464,536.29 $442,325.65
9128283W8 US TREASURY N/B 2.75000 02/15/2028 US 124,962.03 $120,930.06
912828D23 US TREASURY N/B 1.62500 04/30/2019 US 112,868.93 $112,388.36
912828K33 UNITED STATES TREAS INFL INDEX 0.12500 04/15/2020 US 124,913.67 $122,784.61
912828R36 US TREASURY N/B 1.62500 05/15/2026 US 133,830.31 $120,635.48
912828UH1 UNITED STATES TREAS INFL INDEX 0.12500 01/15/2023 US 31,598.94 $30,422.08
912828X88 US TREASURY N/B 2.37500 05/15/2027 US 115,529.42 $109,044.43
91704F104 URBAN EDGE PROPERTIES US UE 104 $2,130.97
92276F100 VENTAS INC US VTR 19.75 $1,146.41
92339V100 VEREIT INC US VER 234.2 $1,716.71
92343VDV3 VERIZON COMMUNICATIONS 5.50000 03/16/2047 US 16,124.13 $16,800.91
92532F100 VERTEX PHARMACEUTICALS INC US VRTX 295.07 $50,002.84
92826C839 VISA INC - CLASS A SHARES US V 1,297.99 $178,928.30
929042109 VORNADO REALTY TRUST US VNO 33.86 $2,305.24
92922PAL0 W & T OFFSHORE INC 9.75000 11/01/2023 US 2,015.52 $1,950.42
92960PAA7 W/S PACKAGING HOLDINGS 9.00000 04/15/2023 US 1,612.41 $1,644.66
948565AC0 WEEKLEY HOMES LLC/ FINAN 6.00000 02/01/2023 US 1,209.31 $1,160.94
94856UAA9 WEEKLEY HOMES LLC/ FINAN 6.62500 08/15/2025 US 2,096.14 $1,980.85
948741103 WEINGARTEN REALTY INVESTORS US WRI 56.84 $1,598.27
95040Q104 WELLTOWER INC. US WELL 23.78 $1,571.35
962178AL3 TRI POINTE HOLDINGS INC 4.37500 06/15/2019 US 2,418.62 $2,418.62
962178AN9 TRI POINTE GROUP / HOMES 5.87500 06/15/2024 US 2,015.52 $1,881.99
96949LAD7 WILLIAMS PARTNERS LP 3.75000 06/15/2027 US 8,868.27 $8,257.59
98919V105 ZAYO GROUP HOLDINGS INC US ZAYO 4,925.92 $147,186.57
B00FM53 BANCO BRADESCO SA - PREF BR BBDC4 BZ 225.74 $2,068.43
B0190C7 TECHTRONIC INDUSTRIES CO LTD HK 669 HK 322.48 $1,518.50
B02J639 ADMIRAL GROUP PLC GB ADM LN 58.05 $1,492.15
B037HR3 ITAU UNIBANCO HOLDINGS S-PREF BR ITUB4 BZ 153.18 $2,022.63
B0386J1 JYSKE BANK-REG DK JYSK DC 46.76 $1,909.26
B058TZ6 SAFRAN SA FR SAF FP 11.29 $1,458.57
B05LZ02 HAKUHODO DY HOLDINGS INC JP 2433 JP 88.68 $1,479.10
B06JSP1 SYDBANK A/S DK SYDB DC 68.53 $1,582.80
B09DHL9 MTU AERO ENGINES HOLDING AG DE MTX GR 6.85 $1,455.05
B09M9D2 KONE OYJ-B FI KNEBV FH 28.62 $1,393.07
B0C2CQ3 ENGIE FR ENGI FP 64.09 $851.62
B0CGYD6 LOJAS RENNER S.A. BR LREN3 BZ 85.46 $865.26
B0JDQD4 BANDAI NAMCO HOLDINGS INC JP 7832 JP 88.68 $3,154.87
B0MKZN5 TSURUHA HOLDINGS INC JP 3391 JP 16.12 $1,682.88
B11TCY0 SCHINDLER HOLDING-PART CERT CH SCHP SW 14.11 $2,975.01
B142S60 KUEHNE & NAGEL INTL AG-REG CH KNIN SW 10.08 $1,400.63
B15C557 TOTAL SA FR FP FP 89.89 $5,274.43
B19NLV4 EXPERIAN PLC GB EXPN LN 60.47 $1,390.66
B1FW751 GALP ENERGIA SGPS SA PT GALP PL 361.18 $6,280.26
B1KFX13 GRUPO AEROPORTUARIO DEL CENT MX OMAB MM 257.99 $1,351.19
B1XFTL2 HEXAGON AB-B SHS SE HEXAB SS 64.5 $3,156.69
B1XH026 VINCI SA FR DG FP 1,120.63 $99,734.59
B1Y9TB3 DANONE FR BN FP 84.25 $5,965.90
B1YVKN8 ANTA SPORTS PRODUCTS LTD CN 2020 HK 564.34 $2,329.92
B1YXBJ7 AIR LIQUIDE FR AI FP 14.51 $1,754.26
B232R05 SK INNOVATION CO LTD KR 096770 KS 12.09 $2,269.51
B249GC0 MATSUMOTOKIYOSHI HOLDINGS CO JP 3088 JP 56.43 $2,040.32
B283W97 CAIXABANK S.A ES CABK SM 20,548.19 $83,152.16
B296BQ5 STORAGEVAULT CANADA INC CA SVI CN 164.87 $323.11
B3FF8W8 HOSHIZAKI CORP JP 6465 JP 32.25 $2,603.10
B3MSM28 AMADEUS IT HOLDING SA-A SHS ES AMS SM 18.54 $1,493.14
B3NB1P2 SUNCOR ENERGY INC CA SU CN 87.07 $2,920.75
B3ZCNF7 TELEFONICA BRASIL S.A. - PREF BR VIVT4 BZ 72.56 $840.13
B4975P9 MAGAZINE LUIZA SA BR MGLU3 BZ 16.12 $729.67
B4Q2TX3 CHINA LONGYUAN POWER GROUP-H CN 916 HK 4,453.65 $3,389.24
B4R2R50 JULIUS BAER CH BAER SW 1,920.79 $87,597.09
B4V5RY4 BANCO SANTANDER BRASIL - UNIT BR SANB11 BZ 88.68 $1,005.62
B4WTBY3 HUANENG RENEWABLES CORP-H CN 958 HK 11,979.43 $3,083.20
B4YVF56 BRENNTAG AG DE BNR GR 33.86 $1,768.35
B607XS1 VERMILION ENERGY INC CA VET CN 116.09 $3,078.61
B61JC67 TREASURY WINE ESTATES LTD AU TWE AU 451.07 $4,855.15
B63QM77 NEXON CO LTD JP 3659 JP 223.64 $2,551.14
B798FW0 NOVOZYMES A/S-B SHARES DK NZYMB DC 30.23 $1,493.04
B8FMRX8 COLOPLAST-B DK COLOB DC 29.43 $2,745.90
B9N3SQ0 BB SEGURIDADE PARTICIPACOES BR BBSE3 BZ 104.81 $749.97
BB22L96 KION GROUP AG DE KGX GR 55.63 $3,250.68
BD1WX84 ENGIE BRASIL ENERGIA SA BR EGIE3 BZ 56.43 $603.54
BD3JR69 CHINA MAPLE LEAF EDUCATIONAL CN 1317 HK 3,547.31 $1,539.55
BD9Y9B7 BASIC-FIT NV NL BFIT NA 72.16 $2,077.47
BDQZ7T7 WISDOM EDUCATION INTERNATION CN 6068 HK 3,386.07 $1,523.82
BDZV116 EPIROC AB-A SE EPIA SS 339.82 $2,984.06
BF7LBH4 ATACADAO DISTRIBUICAO COMERC BR CRFB3 BZ 153.18 $624.41
BF955D8 TELENET FINANCE LUX NOTE 5.50000 03/01/2028 LU 16,124.13 $14,955.13
BFYM460 UNIBAIL-RODAMCO-WESTFIELD FR URW NA 21.77 $3,939.02
BG36ZK1 B3 SA-BRASIL BOLSA BALCAO BR B3SA3 BZ 153.18 $1,098.58
BG7ZWY7 AMBEV SA BR ABEV3 BZ 483.72 $2,110.89
BGHQ198 HIBERNIA REIT PLC IE HBRN ID 683.66 $1,076.34
BGLP232 MONCLER SPA IT MONC IM 41.92 $1,455.88
BH4TZ73 FU SHOU YUAN INTERNATIONAL CN 1448 HK 4,514.76 $3,469.64
BHC8X90 NOVO NORDISK A/S-B DK NOVOB DC 33.46 $1,444.92
BMMV2K8 TENCENT HOLDINGS LTD CN 700 HK 4,704.94 $161,187.83
BNGN9Z1 FINECOBANK SPA IT FBK IM 7,791.18 $81,430.09
BP9DL90 INDUSTRIA DE DISENO TEXTIL ES ITX SM 2,569.38 $72,416.84
BQRRZ00 RECRUIT HOLDINGS CO LTD JP 6098 JP 120.93 $3,245.74
BW1YVH8 WALMART DE MEXICO SAB DE CV MX WALMEX* MM 987.6 $2,525.25
BYQ32R1 NEMAK SAB DE CV MX 2,942.65 $2,125.15
BYWPGC4 CHINA YUHUA EDUCATION CORP L CN 6169 HK 5,482.21 $2,210.58
BYXS699 QIAGEN N.V. NL QIA GR 71.35 $2,589.87
BYYHL23 ANHEUSER-BUSCH INBEV SA/NV BE ABI BB 1,453.19 $107,479.14
BYZWX76 CRODA INTERNATIONAL PLC GB CRDA LN 51.11 $3,148.37
BZ01RF1 WILLIAM DEMANT HOLDING DK WDH DC 44.34 $1,457.58
BZ3C3Q4 BANKIA SA ES BKIA SM 16,982.74 $53,343.48
BZCNN35 BANCO COMERCIAL PORTUGUES-R PT BCP PL 8,330.13 $2,240.68
G02602103 AMDOCS LTD GG DOX 1,672.88 $105,843.04
G0750C108 AXALTA COATING SYSTEMS LTD US AXTA 3,051.49 $75,310.83
G0772R208 BANK OF N.T. BUTTERFIELD&SON BM NTB 43.54 $1,754.03
G27358103 DESPEGAR.COM CORP AR DESP 56.43 $906.90
G3157S106 ENSCO INTERNATIONAL INC US ESV 8,894.88 $63,509.43
G37585AC3 GASLOG LTD 8.87500 03/22/2022 BM 2,418.62 $2,503.27
G5960L103 MEDTRONIC INC IE MDT 2,207.8 $198,304.32
G97822103 PERRIGO CO PLC IE PRGO 1,456.41 $102,385.79
H8817H100 TRANSOCEAN LTD US RIG 5,016.22 $55,228.56
M22465104 CHECK POINT SOFTWARE TECH IL CHKP 27.01 $2,997.88
N22717107 CORE LABORATORIES N.V. NL CLB 24.19 $2,061.63
N47279109 INTERXION HOLDING NV NL INXN 927.54 $54,604.33
N59465109 MYLAN NV US MYL 1,241.56 $38,798.70
N72482123 QIAGEN N.V. ADR NL QGEN 2,159.42 $78,387.11
USD US DOLLAR US 137,469.34 $137,469.34

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 R6 Distribution History
  • 2018 Distribution Calendar
  • Fourth Quarter 2017 Distributions
  • Third Quarter 2018 Distributions
  • Second Quarter 2018 Distributions
  • First Quarter 2018 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

$11.49

Daily $ Change

-$0.18

Daily % Change

-1.57%

as of 11/12/2018

Ticker

MTKZX

CUSIP

56382R571

Inception Date

10/16/2017

This fund is available for qualified retirement plans only.

Important Documents

Summary Prospectus
Prospectus
Statement of Additional Information
Annual Report
Semi-Annual Report
Fact Sheet
Applications & Forms
XBRL-3/20/18

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 10/31/2018

YTD

-0.43%

1 Year

2.74%

3 Year

8.17%

5 Year

---

10 Year

---

Inception
(09/21/2015)

9.11%

Market Cycle

---

Inception performance is based on the Target Series Class I inception of 09/21/2015. For periods through 10/16/2017 (the inception date of the Class R6 shares), performance for the Class R6 shares is based on the historical performance of the Class I shares. Because the Class R6 shares invest in the same portfolio of securities as the Class I shares, performance will be different only to the extent that the Class I shares have a higher expense ratio. 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 5.87%
Net 0.61%*

*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 prior to the expiration date of 02/29/2028 without the approval of the Fund’s Board of Directors.

Top Ten Investments

As of 10/31/2018

TREASURY NOTES 8.06%
BOOKING HOLDINGS INC 1.83%
INCYTE CORP 1.83%
MASTERCARD INC-CLASS A 1.83%
QORVO INC 1.80%
MEDTRONIC INC 1.77%
LULULEMON - ADR 1.64%
VISA INC - CLASS A SHARES 1.59%
NOVARTIS AG- REG 1.59%
TREASURY BONDS 1.55%

Top Ten Investments list is unaudited and excludes cash.

Asset Allocation

As of 10/31/2018

Stocks
83.99%
Bonds
14.80%
Cash
1.21%

Detailed Asset Class Allocation

As of 10/31/2018

International Equities
29.38%
Small Capitalization
1.44%
Mid Capitalization
9.39%
Large Capitalization
43.78%
Long Term Fixed Income
2.54%
Intermediate Term Fixed Income
9.57%
Short Term Fixed Income
2.69%
Cash
1.21%

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

October Fund Holdings

As of 10/31/2018

CUSIP Security Description Country Ticker Shares/Par Market Value (USD)
00101JAM8 ADT CORP 5.25000 03/15/2020 US 1,209.31 $1,221.40
00206RDQ2 AT&T INC 4.25000 03/01/2027 US 11,286.89 $10,945.61
004239109 ACADIA REALTY TRUST US AKR 22.98 $639.68
0045614 ANTOFAGASTA PLC GB ANTO LN 3,131.71 $31,348.51
0053673 ASHTEAD GROUP PLC GB AHT LN 86.67 $2,139.54
00724F101 ADOBE INC US ADBE 390.61 $95,995.61
00774MAG0 AERCAP IRELAND CAP / GLOBA 4.45000 10/01/2025 IE 11,286.89 $11,021.55
00790X101 ADVANCED DISPOSAL SERVICES US ADSW 3,971.37 $107,584.52
008492100 AGREE REALTY CORP US ADC 12.09 $692.57
00928QAK7 AIRCASTLE LTD 6.25000 12/01/2019 BM 806.21 $828.54
015271109 ALEXANDRIA REAL EST EQUITIES US ARE 4.84 $591.26
01609W102 ALIBABA GROUP - ADR CN BABA 1,104.1 $157,091.35
01748XAA0 ALLEGIANT TRAVEL CO 5.50000 07/15/2019 US 1,451.17 $1,458.43
02005NAT7 ALLY FINANCIAL INC 3.50000 01/27/2019 US 1,209.31 $1,207.80
02079K107 ALPHABET INC-CL C US GOOG 91.91 $98,963.30
02079K305 ALPHABET INC-CL A US GOOGL 87.47 $95,396.77
02209S103 ALTRIA GROUP INC US MO 1,349.59 $87,777.33
023135106 AMAZON.COM INC US AMZN 69.74 $111,440.23
02319V103 AMBEV SA-ADR BR ABEV 24,252.71 $105,014.24
0237400 DIAGEO PLC GB DGE LN 2,489.57 $86,068.09
024835100 AMERICAN CAMPUS COMMUNITIES US ACC 16.93 $668.92
0263494 BAE SYSTEMS PLC GB BA/ LN 489.77 $3,284.05
02665T306 AMERICAN HOMES 4 RENT- A US AMH 117.3 $2,471.58
02666TAA5 AMERICAN HOMES 4 RENT 4.25000 02/15/2028 US 12,093.1 $11,430.82
02753GAA7 AMERICAN MIDSTREAM PTR/F 9.50000 12/15/2021 US 2,015.52 $1,975.21
03027X100 AMERICAN TOWER REIT INC US AMT 866.27 $134,973.38
03064D108 AMERICOLD REALTY TRUST US COLD 22.17 $548.72
03748R101 APARTMENT INVT & MGMT CO -A US AIV 44.34 $1,908.45
03784Y200 APPLE HOSPITALITY REIT INC US APLE 61.67 $997.28
0405207 HALMA PLC GB HLMA LN 126.57 $2,148.02
0490656 KERRY GROUP PLC-A IE KYGA LN 38.29 $3,918.88
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912810PT9 UNITED STATES TREAS BOND 4.75000 02/15/2037 US 67,721.36 $81,535.46
912810QV3 UNITED STATES TREAS INFL INDEX 0.75000 02/15/2042 US 32,584.6 $28,943.01
912810RX8 US TREASURY N/B 3.00000 05/15/2047 US 35,473.09 $32,855.57
9128282N9 US TREASURY N/B 2.12500 07/31/2024 US 464,536.29 $442,325.65
9128283W8 US TREASURY N/B 2.75000 02/15/2028 US 124,962.03 $120,930.06
912828D23 US TREASURY N/B 1.62500 04/30/2019 US 112,868.93 $112,388.36
912828K33 UNITED STATES TREAS INFL INDEX 0.12500 04/15/2020 US 124,913.67 $122,784.61
912828R36 US TREASURY N/B 1.62500 05/15/2026 US 133,830.31 $120,635.48
912828UH1 UNITED STATES TREAS INFL INDEX 0.12500 01/15/2023 US 31,598.94 $30,422.08
912828X88 US TREASURY N/B 2.37500 05/15/2027 US 115,529.42 $109,044.43
91704F104 URBAN EDGE PROPERTIES US UE 104 $2,130.97
92276F100 VENTAS INC US VTR 19.75 $1,146.41
92339V100 VEREIT INC US VER 234.2 $1,716.71
92343VDV3 VERIZON COMMUNICATIONS 5.50000 03/16/2047 US 16,124.13 $16,800.91
92532F100 VERTEX PHARMACEUTICALS INC US VRTX 295.07 $50,002.84
92826C839 VISA INC - CLASS A SHARES US V 1,297.99 $178,928.30
929042109 VORNADO REALTY TRUST US VNO 33.86 $2,305.24
92922PAL0 W & T OFFSHORE INC 9.75000 11/01/2023 US 2,015.52 $1,950.42
92960PAA7 W/S PACKAGING HOLDINGS 9.00000 04/15/2023 US 1,612.41 $1,644.66
948565AC0 WEEKLEY HOMES LLC/ FINAN 6.00000 02/01/2023 US 1,209.31 $1,160.94
94856UAA9 WEEKLEY HOMES LLC/ FINAN 6.62500 08/15/2025 US 2,096.14 $1,980.85
948741103 WEINGARTEN REALTY INVESTORS US WRI 56.84 $1,598.27
95040Q104 WELLTOWER INC. US WELL 23.78 $1,571.35
962178AL3 TRI POINTE HOLDINGS INC 4.37500 06/15/2019 US 2,418.62 $2,418.62
962178AN9 TRI POINTE GROUP / HOMES 5.87500 06/15/2024 US 2,015.52 $1,881.99
96949LAD7 WILLIAMS PARTNERS LP 3.75000 06/15/2027 US 8,868.27 $8,257.59
98919V105 ZAYO GROUP HOLDINGS INC US ZAYO 4,925.92 $147,186.57
B00FM53 BANCO BRADESCO SA - PREF BR BBDC4 BZ 225.74 $2,068.43
B0190C7 TECHTRONIC INDUSTRIES CO LTD HK 669 HK 322.48 $1,518.50
B02J639 ADMIRAL GROUP PLC GB ADM LN 58.05 $1,492.15
B037HR3 ITAU UNIBANCO HOLDINGS S-PREF BR ITUB4 BZ 153.18 $2,022.63
B0386J1 JYSKE BANK-REG DK JYSK DC 46.76 $1,909.26
B058TZ6 SAFRAN SA FR SAF FP 11.29 $1,458.57
B05LZ02 HAKUHODO DY HOLDINGS INC JP 2433 JP 88.68 $1,479.10
B06JSP1 SYDBANK A/S DK SYDB DC 68.53 $1,582.80
B09DHL9 MTU AERO ENGINES HOLDING AG DE MTX GR 6.85 $1,455.05
B09M9D2 KONE OYJ-B FI KNEBV FH 28.62 $1,393.07
B0C2CQ3 ENGIE FR ENGI FP 64.09 $851.62
B0CGYD6 LOJAS RENNER S.A. BR LREN3 BZ 85.46 $865.26
B0JDQD4 BANDAI NAMCO HOLDINGS INC JP 7832 JP 88.68 $3,154.87
B0MKZN5 TSURUHA HOLDINGS INC JP 3391 JP 16.12 $1,682.88
B11TCY0 SCHINDLER HOLDING-PART CERT CH SCHP SW 14.11 $2,975.01
B142S60 KUEHNE & NAGEL INTL AG-REG CH KNIN SW 10.08 $1,400.63
B15C557 TOTAL SA FR FP FP 89.89 $5,274.43
B19NLV4 EXPERIAN PLC GB EXPN LN 60.47 $1,390.66
B1FW751 GALP ENERGIA SGPS SA PT GALP PL 361.18 $6,280.26
B1KFX13 GRUPO AEROPORTUARIO DEL CENT MX OMAB MM 257.99 $1,351.19
B1XFTL2 HEXAGON AB-B SHS SE HEXAB SS 64.5 $3,156.69
B1XH026 VINCI SA FR DG FP 1,120.63 $99,734.59
B1Y9TB3 DANONE FR BN FP 84.25 $5,965.90
B1YVKN8 ANTA SPORTS PRODUCTS LTD CN 2020 HK 564.34 $2,329.92
B1YXBJ7 AIR LIQUIDE FR AI FP 14.51 $1,754.26
B232R05 SK INNOVATION CO LTD KR 096770 KS 12.09 $2,269.51
B249GC0 MATSUMOTOKIYOSHI HOLDINGS CO JP 3088 JP 56.43 $2,040.32
B283W97 CAIXABANK S.A ES CABK SM 20,548.19 $83,152.16
B296BQ5 STORAGEVAULT CANADA INC CA SVI CN 164.87 $323.11
B3FF8W8 HOSHIZAKI CORP JP 6465 JP 32.25 $2,603.10
B3MSM28 AMADEUS IT HOLDING SA-A SHS ES AMS SM 18.54 $1,493.14
B3NB1P2 SUNCOR ENERGY INC CA SU CN 87.07 $2,920.75
B3ZCNF7 TELEFONICA BRASIL S.A. - PREF BR VIVT4 BZ 72.56 $840.13
B4975P9 MAGAZINE LUIZA SA BR MGLU3 BZ 16.12 $729.67
B4Q2TX3 CHINA LONGYUAN POWER GROUP-H CN 916 HK 4,453.65 $3,389.24
B4R2R50 JULIUS BAER CH BAER SW 1,920.79 $87,597.09
B4V5RY4 BANCO SANTANDER BRASIL - UNIT BR SANB11 BZ 88.68 $1,005.62
B4WTBY3 HUANENG RENEWABLES CORP-H CN 958 HK 11,979.43 $3,083.20
B4YVF56 BRENNTAG AG DE BNR GR 33.86 $1,768.35
B607XS1 VERMILION ENERGY INC CA VET CN 116.09 $3,078.61
B61JC67 TREASURY WINE ESTATES LTD AU TWE AU 451.07 $4,855.15
B63QM77 NEXON CO LTD JP 3659 JP 223.64 $2,551.14
B798FW0 NOVOZYMES A/S-B SHARES DK NZYMB DC 30.23 $1,493.04
B8FMRX8 COLOPLAST-B DK COLOB DC 29.43 $2,745.90
B9N3SQ0 BB SEGURIDADE PARTICIPACOES BR BBSE3 BZ 104.81 $749.97
BB22L96 KION GROUP AG DE KGX GR 55.63 $3,250.68
BD1WX84 ENGIE BRASIL ENERGIA SA BR EGIE3 BZ 56.43 $603.54
BD3JR69 CHINA MAPLE LEAF EDUCATIONAL CN 1317 HK 3,547.31 $1,539.55
BD9Y9B7 BASIC-FIT NV NL BFIT NA 72.16 $2,077.47
BDQZ7T7 WISDOM EDUCATION INTERNATION CN 6068 HK 3,386.07 $1,523.82
BDZV116 EPIROC AB-A SE EPIA SS 339.82 $2,984.06
BF7LBH4 ATACADAO DISTRIBUICAO COMERC BR CRFB3 BZ 153.18 $624.41
BF955D8 TELENET FINANCE LUX NOTE 5.50000 03/01/2028 LU 16,124.13 $14,955.13
BFYM460 UNIBAIL-RODAMCO-WESTFIELD FR URW NA 21.77 $3,939.02
BG36ZK1 B3 SA-BRASIL BOLSA BALCAO BR B3SA3 BZ 153.18 $1,098.58
BG7ZWY7 AMBEV SA BR ABEV3 BZ 483.72 $2,110.89
BGHQ198 HIBERNIA REIT PLC IE HBRN ID 683.66 $1,076.34
BGLP232 MONCLER SPA IT MONC IM 41.92 $1,455.88
BH4TZ73 FU SHOU YUAN INTERNATIONAL CN 1448 HK 4,514.76 $3,469.64
BHC8X90 NOVO NORDISK A/S-B DK NOVOB DC 33.46 $1,444.92
BMMV2K8 TENCENT HOLDINGS LTD CN 700 HK 4,704.94 $161,187.83
BNGN9Z1 FINECOBANK SPA IT FBK IM 7,791.18 $81,430.09
BP9DL90 INDUSTRIA DE DISENO TEXTIL ES ITX SM 2,569.38 $72,416.84
BQRRZ00 RECRUIT HOLDINGS CO LTD JP 6098 JP 120.93 $3,245.74
BW1YVH8 WALMART DE MEXICO SAB DE CV MX WALMEX* MM 987.6 $2,525.25
BYQ32R1 NEMAK SAB DE CV MX 2,942.65 $2,125.15
BYWPGC4 CHINA YUHUA EDUCATION CORP L CN 6169 HK 5,482.21 $2,210.58
BYXS699 QIAGEN N.V. NL QIA GR 71.35 $2,589.87
BYYHL23 ANHEUSER-BUSCH INBEV SA/NV BE ABI BB 1,453.19 $107,479.14
BYZWX76 CRODA INTERNATIONAL PLC GB CRDA LN 51.11 $3,148.37
BZ01RF1 WILLIAM DEMANT HOLDING DK WDH DC 44.34 $1,457.58
BZ3C3Q4 BANKIA SA ES BKIA SM 16,982.74 $53,343.48
BZCNN35 BANCO COMERCIAL PORTUGUES-R PT BCP PL 8,330.13 $2,240.68
G02602103 AMDOCS LTD GG DOX 1,672.88 $105,843.04
G0750C108 AXALTA COATING SYSTEMS LTD US AXTA 3,051.49 $75,310.83
G0772R208 BANK OF N.T. BUTTERFIELD&SON BM NTB 43.54 $1,754.03
G27358103 DESPEGAR.COM CORP AR DESP 56.43 $906.90
G3157S106 ENSCO INTERNATIONAL INC US ESV 8,894.88 $63,509.43
G37585AC3 GASLOG LTD 8.87500 03/22/2022 BM 2,418.62 $2,503.27
G5960L103 MEDTRONIC INC IE MDT 2,207.8 $198,304.32
G97822103 PERRIGO CO PLC IE PRGO 1,456.41 $102,385.79
H8817H100 TRANSOCEAN LTD US RIG 5,016.22 $55,228.56
M22465104 CHECK POINT SOFTWARE TECH IL CHKP 27.01 $2,997.88
N22717107 CORE LABORATORIES N.V. NL CLB 24.19 $2,061.63
N47279109 INTERXION HOLDING NV NL INXN 927.54 $54,604.33
N59465109 MYLAN NV US MYL 1,241.56 $38,798.70
N72482123 QIAGEN N.V. ADR NL QGEN 2,159.42 $78,387.11
USD US DOLLAR US 137,469.34 $137,469.34

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 R6 Distribution History
  • 2018 Distribution Calendar
  • Fourth Quarter 2017 Distributions
  • Third Quarter 2018 Distributions
  • Second Quarter 2018 Distributions
  • First Quarter 2018 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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