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Target Income Series
Target Income Series
Income Series
Pro-Blend® Conservative Term Series
Pro-Blend® Extended Term Series
Pro-Blend® Maximum Term Series
Pro-Blend® Moderate Term Series
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Target 2020 Series
Target 2025 Series
Target 2030 Series
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Target 2040 Series
Target 2045 Series
Target 2050 Series
Target 2055 Series
Target 2060 Series
Target Income Series
Investment Objective
To provide capital preservation and manage risk for investors who have already reached their target date or who desire minimal capital risk as they move towards a future target date.
Investment Strategy
The portfolio is invested in a conservative mix of securities that seeks preservation of capital, with income and long-term capital growth as secondary objectives. The portfolio is diversified primarily among fixed income securities, typically focusing on short to intermediate-term maturities. A position in various stock investments, which may be focused on dividend paying stocks, adds potential for growth opportunities and income generation. For the most part, this approach favors stability over growth. Stock exposure can range from 15% - 45%.
May be Appropriate for Investors
- Who have reached their target date or are already in retirement and seek to minimize declines in account value with potential for modest capital growth and income generation
- Who have a future target date and want to assume a minimal amount of capital risk through limited stock exposure
- Who prefer to take advantage of professional management through a single, diversified investment portfolio
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.
Daily Price
$9.80
Daily $ Change
$0.00
Daily % Change
0.00%
as of 12/11/2018
Ticker
MTDIX
CUSIP
56382P203
Inception Date
03/28/2008
Investment Minimum
$1,000,000.00
Investment minimum may be waived for certain qualified retirement plans.
Important Documents
| Summary Prospectus | |
| Prospectus | |
| Statement of Additional Information | |
| Annual Report | |
| Semi-Annual Report | |
| Fact Sheet | |
| Applications & Forms | |
| 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 11/30/2018
YTD
-0.45%
1 Year
0.02%
3 Year
3.57%
5 Year
2.90%
10 Year
5.52%
Inception
(03/28/2008)
4.55%
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 | 0.85% |
| Net | 0.67%* |
*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 (02/29/2028) without the approval of the Fund's Board of Directors.
Top Ten Investments
As of 11/30/2018
| TREASURY NOTES | 17.67% |
| GOVERNMENT AGENCY | 11.32% |
| UNITED STATES TREAS INFL INDEX 0.12500 04/15/2020 | 5.04% |
| TREASURY BONDS | 3.55% |
| FRESENIUS MED CARE II 5.62500 07/31/2019 | 1.14% |
| GAHR 2015-NRF DFX FLT 3.49490 12/15/2034 | 1.01% |
| JOHNSON & JOHNSON | 0.94% |
| JPMORGAN CHASE & CO 6.30000 04/23/2019 | 0.93% |
| BANK OF AMERICA CORP 4.00000 01/22/2025 | 0.92% |
| PRICELINE GROUP INC/THE 3.60000 06/01/2026 | 0.92% |
Top Ten Investments list is unaudited and excludes cash.
Asset Allocation
As of 11/30/2018
| Bonds | 70.80% |
| Stocks | 27.61% |
| Cash | 1.59% |
Detailed Asset Class Allocation
As of 11/30/2018
| International Equities | 6.71% |
| Small Capitalization | 0.78% |
| Mid Capitalization | 2.47% |
| Large Capitalization | 17.64% |
| Long Term Fixed Income | 18.02% |
| Intermediate Term Fixed Income | 34.64% |
| Short Term Fixed Income | 18.15% |
| Cash | 1.59% |
Due to rounding, the sum of the detailed asset class allocation categories may not equal the asset allocation totals provided above.
November Fund Holdings
As of 11/30/2018
| CUSIP | Security Description | Country | Ticker | Shares/Par | Market Value (USD) |
|---|---|---|---|---|---|
| 000375204 | ABB LTD-SPON ADR | CH | ABB | 3,000.7 | $60,854.20 |
| 00101JAM8 | ADT CORP 5.25000 03/15/2020 | US | 24,766.42 | $24,952.17 | |
| 00206RDQ2 | AT&T INC 4.25000 03/01/2027 | US | 792,525.59 | $763,922.49 | |
| 00254EML3 | SWEDISH EXPORT CREDIT 1.12500 08/28/2019 | SE | 499,291.12 | $493,302.06 | |
| 00287Y109 | ABBVIE INC | US | ABBV | 1,467.16 | $138,309.46 |
| 004239109 | ACADIA REALTY TRUST | US | AKR | 450.75 | $12,922.97 |
| 00774MAG0 | AERCAP IRELAND CAP / GLOBA 4.45000 10/01/2025 | IE | 782,619.02 | $761,800.22 | |
| 008492100 | AGREE REALTY CORP | US | ADC | 257.57 | $15,343.49 |
| 00928QAK7 | AIRCASTLE LTD 6.25000 12/01/2019 | BM | 29,719.71 | $30,383.11 | |
| 015271109 | ALEXANDRIA REAL EST EQUITIES | US | ARE | 99.07 | $12,333.68 |
| 01609W102 | ALIBABA GROUP - ADR | CN | BABA | 1,590 | $255,768.12 |
| 01748XAA0 | ALLEGIANT TRAVEL CO 5.50000 07/15/2019 | US | 25,757.08 | $25,757.08 | |
| 020002101 | ALLSTATE CORPORATION | US | ALL | 361.59 | $32,250.19 |
| 02005NAT7 | ALLY FINANCIAL INC 3.50000 01/27/2019 | US | 29,719.71 | $29,636.20 | |
| 02079K107 | ALPHABET INC-CL C | US | GOOG | 326.92 | $357,787.56 |
| 02079K305 | ALPHABET INC-CL A | US | GOOGL | 217.94 | $241,842.16 |
| 023135106 | AMAZON.COM INC | US | AMZN | 128.79 | $217,669.23 |
| 02319V103 | AMBEV SA-ADR | BR | ABEV | 58,428.95 | $249,491.61 |
| 0237400 | DIAGEO PLC | GB | DGE LN | 15,226.4 | $549,875.06 |
| 02376RAA0 | AMERICAN AIRLINES GROUP 5.50000 10/01/2019 | US | 29,719.71 | $29,905.46 | |
| 024835100 | AMERICAN CAMPUS COMMUNITIES | US | ACC | 336.82 | $14,762.97 |
| 02665T306 | AMERICAN HOMES 4 RENT- A | US | AMH | 2,461.78 | $51,278.93 |
| 02666TAA5 | AMERICAN HOMES 4 RENT 4.25000 02/15/2028 | US | 812,338.73 | $766,871.08 | |
| 02753GAA7 | AMERICAN MIDSTREAM PTR/F 9.50000 12/15/2021 | US | 39,626.28 | $38,338.43 | |
| 03027X100 | AMERICAN TOWER REIT INC | US | AMT | 1,540.47 | $253,392.18 |
| 03064D108 | AMERICOLD REALTY TRUST | US | COLD | 465.61 | $12,478.32 |
| 031162100 | AMGEN INC | US | AMGN | 722.19 | $150,395.85 |
| 03748R101 | APARTMENT INVT & MGMT CO -A | US | AIV | 936.17 | $44,084.29 |
| 037833100 | APPLE COMPUTER INC | US | AAPL | 539.91 | $96,416.78 |
| 03784Y200 | APPLE HOSPITALITY REIT INC | US | APLE | 777.67 | $12,341.56 |
| 03990B101 | ARES MANAGEMENT CORP - A | US | ARES | 2,654.96 | $59,577.32 |
| 053015103 | AUTOMATIC DATA PROCESSING | US | ADP | 598.36 | $88,209.76 |
| 053484101 | AVALONBAY COMMUNITIES INC | US | AVB | 579.53 | $110,441.86 |
| 055622104 | BP PLC-SPONS ADR | GB | BP | 2,808.51 | $113,323.48 |
| 05604LAA0 | BWAY 2015-1740 A 2.91700 01/10/2035 | US | 561,702.51 | $536,934.80 | |
| 058498106 | BALL CORP | US | BLL | 10,281.04 | $504,901.79 |
| 060505104 | BANK OF AMERICA CORP | US | BAC | 7,216.94 | $204,960.99 |
| 06051GFM6 | BANK OF AMERICA CORP 4.00000 01/22/2025 | US | 1,188,788.39 | $1,153,014.04 | |
| 084670702 | BERKSHIRE HATHAWAY INC-CL B | US | BRK/B | 1,575.14 | $343,759.56 |
| 088606108 | BHP GROUP LTD | AU | BHP | 2,015.99 | $89,429.18 |
| 09061G101 | BIOMARIN PHARMACEUTICAL INC | US | BMRN | 2,491.5 | $239,258.97 |
| 09247X101 | BLACKROCK INC | US | BLK | 376.45 | $161,124.22 |
| 09253U108 | BLACKSTONE GROUP LP/THE | US | BX | 2,224.02 | $75,016.36 |
| 096630AE8 | BOARDWALK PIPELINES LP 5.95000 06/01/2026 | US | 1,099,629.26 | $1,119,748.98 | |
| 097023105 | BOEING CO | US | BA | 532.97 | $184,813.88 |
| 09857L108 | BOOKING HOLDINGS INC | US | BKNG | 376.45 | $712,197.57 |
| 0989529 | ASTRAZENECA PLC | GB | AZN LN | 1,045.14 | $81,383.92 |
| 101121101 | BOSTON PROPERTIES INC | US | BXP | 614.21 | $80,584.00 |
| 105368203 | BRANDYWINE REALTY TRUST | US | BDN | 3,284.03 | $46,863.08 |
| 110122108 | BRISTOL MYERS SQUIBB CO | US | BMY | 7,887.61 | $421,671.68 |
| 11135F101 | BROADCOM INC | US | AVGO | 348.71 | $82,787.54 |
| 1248EPBR3 | CCO HLDGS LLC/CAP CORP 5.50000 05/01/2026 | US | 39,626.28 | $38,437.49 | |
| 12503M108 | CBOE GLOBAL MARKETS INC | US | CBOE | 2,124.96 | $228,688.11 |
| 12572Q105 | CME GROUP INC | US | CME | 1,243.27 | $236,321.62 |
| 125896100 | CMS ENERGY CORP | US | CMS | 1,401.78 | $73,018.70 |
| 12592BAB0 | CNH INDUSTRIAL CAPITAL L 3.37500 07/15/2019 | US | 782,619.02 | $779,715.50 | |
| 12629NAF2 | COMM 2015-DC1 A5 FLT 3.35000 02/10/2048 | US | 539,908.06 | $526,580.64 | |
| 12646XAH5 | CSMC 2013-IVR3 A1 2.50000 05/25/2043 | US | 153,860.48 | $142,445.89 | |
| 126650100 | CVS HEALTH CORP | US | CVS | 1,139.26 | $91,368.29 |
| 12770QAA3 | CZR 2017-VICI A 3.53100 10/15/2034 | US | 257,570.82 | $257,168.06 | |
| 14041NFF3 | CAPITAL ONE MULTI-ASSET 1.33000 06/15/2022 | US | 198,131.4 | $195,942.16 | |
| 149123101 | CATERPILLAR INC | US | CAT | 487.4 | $66,126.00 |
| 14980AAA0 | CAZENOVIA CREEK FUNDING LLC 3.56070 07/15/2030 | US | 334,438.86 | $333,392.01 | |
| 156504AH5 | CENTURY COMMUNITIES 5.87500 07/15/2025 | US | 56,467.45 | $50,891.29 | |
| 165183AF1 | CFII 2016-2A A1 1.88000 06/15/2028 | US | 159,990.41 | $159,232.17 | |
| 165183AL8 | CFII 2017-2A A1 1.99000 05/15/2029 | US | 577,701.67 | $570,914.14 | |
| 165183BB9 | CFII 2017-4A A1 2.12000 11/15/2029 | US | 275,340.8 | $271,906.36 | |
| 165240102 | CHESAPEAKE LODGING TRUST | US | CHSP | 683.55 | $20,212.67 |
| 166764100 | CHEVRON CORP | US | CVX | 921.31 | $109,580.73 |
| 16941R108 | CHINA PETROLEUM & CHEM-ADR | CN | SNP | 1,276.96 | $108,975.50 |
| 17275R102 | CISCO SYSTEMS INC | US | CSCO | 4,131.04 | $197,752.87 |
| 172967424 | CITIGROUP INC | US | C | 2,615.33 | $169,447.52 |
| 172967EW7 | CITIGROUP INC 8.12500 07/15/2039 | US | 822,245.3 | $1,123,364.75 | |
| 191216100 | COCA COLA CO/THE | US | KO | 9,341.9 | $470,831.53 |
| 194162103 | COLGATE-PALMOLIVE CO | US | CL | 1,947.63 | $123,713.56 |
| 19626G108 | COLONY CAPITAL INC | US | CLNY | 9,282.46 | $57,179.93 |
| 199908104 | COMFORT SYSTEMS | US | FIX | 891.59 | $46,951.20 |
| 20030N101 | COMCAST CORP-CL A | US | CMCSA | 3,357.34 | $130,969.70 |
| 20369C106 | COMMUNITY HEALTHCARE TRUST I | US | CHCT | 2,298.32 | $72,489.15 |
| 2099084 | BORALEX INC -A | CA | BLX CN | 1,882.25 | $25,358.25 |
| 21871N101 | CORECIVIC INC | US | CXW | 2,828.33 | $62,081.75 |
| 222795106 | COUSINS PROPERTIES INC | US | CUZ | 5,339.64 | $45,119.97 |
| 22282E102 | COVANTA HOLDING CORP | US | CVA | 5,255.44 | $87,030.01 |
| 22282EAH5 | COVANTA HOLDING CORP 6.00000 01/01/2027 | US | 34,672.99 | $32,245.88 | |
| 22530LAA4 | CAALT 2017-1A A 2.56000 10/15/2025 | US | 252,617.53 | $251,409.29 | |
| 22663AAA7 | ORTHO-CLINICAL DIAGNOSTI 6.62500 05/15/2022 | US | 24,766.42 | $23,837.68 | |
| 22822V101 | CROWN CASTLE INTL CORP | US | CCI | 1,198.7 | $137,730.05 |
| 22944PAA5 | CSMC 2013-TH1 A1 2.13000 02/25/2043 | US | 99,270.76 | $90,757.70 | |
| 229663109 | CUBESMART | US | CUBE | 356.64 | $11,105.66 |
| 23311RAD8 | DCP MIDSTREAM OPERATING 5.35000 03/15/2020 | US | 24,766.42 | $25,014.09 | |
| 23918K108 | DAVITA INC. | US | DVA | 4,824.5 | $318,706.44 |
| 23918KAR9 | DAVITA INC 5.00000 05/01/2025 | US | 39,626.28 | $37,149.64 | |
| 247361702 | DELTA AIR LINES INC. | US | DAL | 876.73 | $53,226.37 |
| 25271C102 | DIAMOND OFFSHORE DRILLING | US | DO | 6,894.97 | $86,876.66 |
| 253393102 | DICK'S SPORTING GOODS INC | US | DKS | 1,629.63 | $58,634.11 |
| 253868103 | DIGITAL REALTY TRUST INC | US | DLR | 1,015.42 | $116,814.31 |
| 25470DAT6 | DISCOVERY COMMUNICATIONS 5.20000 09/20/2047 | US | 792,525.59 | $730,748.84 | |
| 256677105 | DOLLAR GENERAL CORP | US | DG | 901.5 | $100,057.25 |
| 26078J100 | DOWDUPONT INC | US | DWDP | 1,505.8 | $87,110.45 |
| 26780TAA5 | DYNAGAS LNG PARTNERS/FIN 6.25000 10/30/2019 | MH | 35,663.65 | $35,351.59 | |
| 269246401 | ETRADE FINANCIAL CORP | US | ETFC | 2,337.95 | $122,251.43 |
| 2715777 | QUEBECOR INC -CL B | CA | QBR/B CN | 5,795.34 | $125,053.62 |
| 277276101 | EASTGROUP PROPERTIES | US | EGP | 113.93 | $11,394.83 |
| 2801836 | SHAW COMMUNICATIONS INC-B | CA | SJR/B CN | 6,102.45 | $114,870.14 |
| 285512109 | ELECTRONIC ARTS | US | EA | 4,051.79 | $340,633.74 |
| 291011104 | EMERSON ELEC CO | US | EMR | 954 | $64,414.26 |
| 29444U700 | EQUINIX INC | US | EQIX | 1,233.37 | $475,192.00 |
| 29472R108 | EQUITY LIFESTYLE PROPERTIES | US | ELS | 277.38 | $27,608.03 |
| 29476L107 | EQUITY RESIDENTIAL | US | EQR | 1,223.46 | $87,171.62 |
| 297178105 | ESSEX PROPERTY TRUST INC | US | ESS | 203.08 | $53,311.76 |
| 30161N101 | EXELON CORP | US | EXC | 990.66 | $45,956.58 |
| 302154BV0 | EXPORT-IMPORT BANK KOREA 2.62500 12/30/2020 | KR | 990,656.99 | $975,312.70 | |
| 30225T102 | EXTRA SPACE STORAGE INC | US | EXR | 282.34 | $27,098.73 |
| 30231G102 | EXXON MOBIL CORP | US | XOM | 3,521.79 | $279,981.95 |
| 302491303 | FMC CORP | US | FMC | 1,268.04 | $104,917.71 |
| 30261UAJ3 | FREMF 2013-K713 B 3.26265 04/25/2046 | US | 297,197.1 | $295,755.30 | |
| 30262DAL5 | FREMF 2011-K13 B 4.76806 01/25/2048 | US | 318,500.18 | $325,064.89 | |
| 30264DAA7 | FS ENERGY & POWER FUND 7.50000 08/15/2023 | US | 44,579.56 | $43,687.97 | |
| 30287EAE0 | FREMF 2014-K41 B FLT 3.96255 11/25/2047 | US | 270,449.36 | $267,170.24 | |
| 30291EAE4 | FREMF 2013-K712 B FLT 3.47306 05/25/2045 | US | 133,738.69 | $133,442.52 | |
| 30291YAJ9 | FREMF 2014-K716 B FLT 4.08069 08/25/2047 | US | 446,786.3 | $450,832.53 | |
| 30292HAU0 | FREMF 2014- K503 B 3.13900 10/25/2047 | US | 297,197.1 | $296,249.33 | |
| 3128M5VT4 | FHLM POOL G03926 6.00000 02/01/2038 | US | 40,924.79 | $44,921.21 | |
| 3128M7C95 | FHLM POOL G05196 5.50000 10/01/2038 | US | 39,196.56 | $42,271.83 | |
| 3128M7KW5 | FHLM POOL G05409 5.50000 03/01/2039 | US | 34,887.08 | $37,600.49 | |
| 3128MJ2U3 | FHLM GOLD POOL FG G08786 4.50000 10/01/2047 | US | 199,231.88 | $205,751.44 | |
| 3128P75X7 | FHLM POOL C91762 4.50000 05/01/2034 | US | 118,488.29 | $123,021.85 | |
| 312941F69 | FHLM POOL A92889 4.50000 07/01/2040 | US | 155,528.73 | $161,781.41 | |
| 312941ZQ3 | FHLM POOL Q93451 4.50000 08/01/2040 | US | 157,159.41 | $163,474.97 | |
| 3132J8YK0 | FHLM POOL Q17513 3.50000 04/01/2043 | US | 226,769.76 | $224,363.07 | |
| 3132M45M3 | FHLM POOL Q24752 3.50000 02/01/2044 | US | 181,720.04 | $179,772.63 | |
| 3132QUNJ8 | FHLM POOL Q37592 4.00000 12/01/2045 | US | 230,592.55 | $232,190.93 | |
| 3132WF3E7 | FHLM POOL Q42596 3.50000 08/01/2046 | US | 267,385.57 | $263,054.87 | |
| 3132WKQ84 | FHLM POOL Q45878 3.00000 12/01/2046 | US | 320,469.79 | $305,820.75 | |
| 3132XYDL8 | FHLM POOL Q55506 4.50000 04/01/2048 | US | 713,396.89 | $733,877.98 | |
| 31335AFY9 | FHLM POOL G60183 4.00000 12/01/2044 | US | 122,396.26 | $123,336.94 | |
| 31335ALP1 | FHLM POOL G60334 4.50000 10/01/2041 | US | 129,514.44 | $134,715.46 | |
| 31335AV54 | FHLM POOL G60636 4.00000 01/01/2046 | US | 178,536.16 | $179,849.63 | |
| 3136B1YD0 | FNR 2018-31 KP 3.50000 07/25/2047 | US | 320,334.72 | $318,640.66 | |
| 313747206 | FEDERAL RLTY INVT TR SH BEN INT | US | FRT | 104.02 | $13,739.87 |
| 3137F4YU0 | FHR 4791 BA MTGE 4.00000 03/15/2044 | US | 394,585.9 | $402,441.43 | |
| 3137FG2L8 | FHR 4801 BA MTGE 4.50000 05/15/2044 | US | 411,233.25 | $424,780.06 | |
| 3138EGE26 | FEDERAL NATL MTG ASSN AL0152 6.00000 06/01/2040 | US | 86,985.37 | $95,133.71 | |
| 3138EHR87 | FEDERAL NATL MTG ASSN AL1410 4.50000 12/01/2041 | US | 136,947.07 | $142,222.62 | |
| 3138EHXZ0 | FEDERAL NATL MTG ASSN AL1595 6.00000 01/01/2040 | US | 63,334.55 | $69,177.19 | |
| 3138EQST0 | FEDERAL NATL MTG ASSN AL7729 4.00000 06/01/2043 | US | 76,599.97 | $77,605.97 | |
| 3138ETT89 | FEDERAL NATL MTG ASSN AL8674 FLT 5.65400 01/01/2049 | US | 154,244.17 | $164,888.45 | |
| 3138WDAY7 | FEDERAL NATL MTG ASSN FN AS3622 3.50000 10/01/2044 | US | 651,931.17 | $641,960.57 | |
| 3138WDRZ6 | FEDERAL NATL MTG ASSN AS4103 4.50000 12/01/2044 | US | 112,646.17 | $116,841.98 | |
| 3138WHU26 | FEDERAL NATL MTGE ASSN FN AS7800 3.00000 08/01/2046 | US | 548,869.94 | $523,930.68 | |
| 3138YTGK4 | FEDERAL NATL MTG ASSN AZ2001 3.50000 05/01/2045 | US | 301,315.56 | $296,754.33 | |
| 3140E2GZ8 | FEDERAL NATL MTG ASSN AZ9215 4.00000 10/01/2045 | US | 108,943.52 | $109,897.22 | |
| 3140EWKL8 | FEDERAL NATL MTG ASSN BC2098 4.00000 06/01/2046 | US | 121,976.81 | $122,787.20 | |
| 3140EX2Y8 | FEDERAL NATL MTG ASSN BC3490 3.50000 02/01/2046 | US | 252,318.03 | $248,458.33 | |
| 3140F2QS2 | FEDERAL NATL MTG ASSN BC6764 3.50000 04/01/2046 | US | 192,477.74 | $189,453.89 | |
| 3140FEX33 | FEDERAL NATL MTG ASSN BD6997 4.00000 10/01/2046 | US | 96,435.9 | $97,044.29 | |
| 3140FEXR0 | FEDERAL NATL MTG ASSN BD6987 4.00000 10/01/2046 | US | 140,654.66 | $141,538.39 | |
| 3140FTWF4 | FEDERAL NATL MTG ASSN BE7845 4.50000 02/01/2047 | US | 131,946.28 | $136,656.48 | |
| 3140H2PH5 | FEDERAL NATL MATG ASSN FN BJ1323 3.50000 11/01/2047 | US | 608,035.4 | $597,221.72 | |
| 3140HPMQ7 | FEDERAL NATIONAL MTGE FN BK9366 4.50000 08/01/2048 | US | 144,731.6 | $148,933.23 | |
| 3140J8YU1 | FEDERAL NATL MTGE ASSN FN BM4322 4.00000 07/01/2048 | US | 615,160.96 | $619,565.38 | |
| 3140Q84E2 | FEDERAL NATL MTG ASSN FN CA1720 5.00000 05/01/2048 | US | 700,656.25 | $734,054.61 | |
| 3140Q9D42 | FEDERAL NATL MTG ASSN FN CA1922 5.00000 06/01/2048 | US | 713,399.59 | $747,370.61 | |
| 3140Q9JA2 | FEDERAL NATL MTGE ASSN FN CA2056 4.50000 07/01/2048 | US | 730,075.17 | $751,719.80 | |
| 3140Q9PD9 | FEDERAL NATL MTG ASSN FN CA2219 5.00000 08/01/2048 | US | 280,125.21 | $293,450.25 | |
| 31410GCD3 | FEDERAL NATL MTG ASSN 888468 5.50000 09/01/2021 | US | 16,606.79 | $16,885.41 | |
| 31410GN33 | FEDERAL NATL MTG ASSN 888810 5.50000 11/01/2022 | US | 19,777.7 | $20,105.56 | |
| 31410HAQ4 | MACYS RETAIL HLDGS INC 6.90000 04/01/2029 | US | 366,543.09 | $384,878.92 | |
| 31410LC75 | FEDERAL NATL MTG ASSN 890294 5.50000 01/01/2039 | US | 85,533.99 | $92,016.92 | |
| 31410LD74 | FHLM POOL 890326 5.50000 01/01/2040 | US | 90,109.3 | $96,973.56 | |
| 31416BRR1 | FEDERAL NATL MTG ASSN 995196 6.00000 07/01/2038 | US | 67,515.99 | $73,859.74 | |
| 31417YJC2 | FEDERAL NATL MTG ASSN MA0258 4.50000 12/01/2039 | US | 108,452.29 | $112,772.42 | |
| 31418BBC9 | FEDERAL NATL MTG ASSN MA1834 4.50000 02/01/2034 | US | 89,568.83 | $92,992.60 | |
| 31418BDH6 | FEDERAL NATL MTG ASSN MA1903 4.50000 05/01/2034 | US | 87,275.7 | $90,614.14 | |
| 31418C4M3 | FEDERAL NATL MTG ASSN FN MA3527 5.00000 11/01/2048 | US | 613,565.2 | $642,720.42 | |
| 31418CAF1 | FEDERAL NATL MTG ASSN FN MA2705 3.00000 08/01/2046 | US | 321,690.57 | $307,074.04 | |
| 31418CQA5 | FEDERAL NATL MTGE ASSN FN MA3148 3.50000 10/01/2047 | US | 710,727.94 | $697,352.41 | |
| 31418CRE6 | FEDERAL NATL MTG ASSN FN MA3184 4.50000 11/01/2047 | US | 481,589.48 | $495,588.17 | |
| 31418CV43 | FEDERAL NATL MTG ASSN FN MA3334 4.50000 04/01/2048 | US | 502,057.19 | $516,631.07 | |
| 31418CZ56 | FEDERAL NATL MTG ASSN FN MA3463 4.00000 09/01/2033 | US | 358,200.69 | $365,862.62 | |
| 31418MKV3 | FEDERAL NATL MTG ASSN AD0307 5.50000 01/01/2039 | US | 44,578.35 | $47,937.26 | |
| 31419AU62 | FEDERAL NATL MTG ASSN AE0604 6.00000 07/01/2039 | US | 49,470.19 | $54,117.40 | |
| 31428X106 | FEDEX CORPORATION | US | FDX | 1,050.1 | $240,472.08 |
| 316773100 | FIFTH THIRD BANCORP | US | FITB | 782.62 | $21,858.55 |
| 32054K103 | FIRST INDUSTRIAL REALTY TR | US | FR | 658.79 | $21,120.71 |
| 336130AB5 | FIRST QUALITY FINANCE CO 5.00000 07/01/2025 | US | 34,672.99 | $31,725.79 | |
| 34960PAB7 | FORTRESS TRANS & INFRAST 6.50000 10/01/2025 | US | 34,672.99 | $33,546.12 | |
| 35802XAD5 | FRESENIUS MED CARE II 5.62500 07/31/2019 | US | 1,411,686.21 | $1,429,587.71 | |
| 36143WAN1 | GAHR 2015-NRF BFX FLT 3.49490 12/15/2034 | US | 302,150.38 | $300,438.91 | |
| 36143WAS0 | GAHR 2015-NRF DFX FLT 3.49490 12/15/2034 | US | 1,277,947.51 | $1,269,430.76 | |
| 36246MAT6 | GTP AQUISITION PARTNERS 2.35000 06/15/2020 | US | 94,112.41 | $92,220.98 | |
| 36251MAE1 | GMALT 2016-3 A4 1.78000 05/20/2020 | US | 222,897.82 | $221,907.69 | |
| 363576109 | ARTHUR J GALLAGHER & CO | US | AJG | 569.63 | $43,901.21 |
| 369604BQ5 | GENERAL ELECTRIC CO 5.00000 01/21/2021 | US | 634,020.47 | $504,046.28 | |
| 37045VAR1 | GENERAL MOTORS CO FLT 3.22706 09/10/2021 | US | 782,619.02 | $776,416.90 | |
| 37185LAF9 | GENESIS ENERGY LP/GENESI 5.62500 06/15/2024 | US | 29,719.71 | $26,004.75 | |
| 374297109 | GETTY REALTY CORP | US | GTY | 797.48 | $24,394.88 |
| 375558103 | GILEAD SCIENCES INC | US | GILD | 1,548.4 | $111,391.67 |
| 37953TAB1 | GLOBAL SHIP LEASE INC 9.87500 11/15/2022 | MH | 44,579.56 | $43,297.90 | |
| 38378HVC7 | GNR 2012-113 PY 2.50000 09/20/2042 | US | 247,664.25 | $220,550.81 | |
| 38379RRX3 | GNR 2017-54 AH MTGE 2.60000 12/16/2056 | US | 319,740.78 | $298,275.78 | |
| 388689101 | GRAPHIC PACKAGING HOLDING CO | US | GPK | 9,683.67 | $116,107.23 |
| 39807UAB2 | GREYSTAR REAL ESTATE PAR 5.75000 12/01/2025 | US | 39,626.28 | $37,644.97 | |
| 40414L109 | HCP INC | US | HCP | 1,401.78 | $41,016.07 |
| 421946104 | HEALTHCARE REALTY TRUST INC | US | HR | 2,199.26 | $68,177.01 |
| 42225P501 | HEALTHCARE TRUST OF AMERICA | US | HTA | 3,001.69 | $84,407.54 |
| 42809H107 | HESS CORP | US | HES | 1,708.88 | $92,091.72 |
| 437076102 | HOME DEPOT INC | US | HD | 1,027.31 | $185,244.77 |
| 438128308 | HONDA MOTOR CO LTD -SPONS ADR | JP | HMC | 2,378.57 | $67,004.24 |
| 438516106 | HONEYWELL INTERNATIONAL INC | US | HON | 827.2 | $121,391.39 |
| 44107P104 | HOST MARRIOTT CORP | US | HST | 2,417.2 | $45,926.86 |
| 444454AD4 | HUGHES SATELLITE SYSTEMS 5.25000 08/01/2026 | US | 60,430.08 | $56,351.05 | |
| 446150104 | HUNTINGTON BANCSHARES | US | HBAN | 1,466.17 | $21,391.45 |
| 45031UCD1 | ISTAR INC 5.25000 09/15/2022 | US | 33,682.34 | $32,166.63 | |
| 45337C102 | INCYTE CORP | US | INCY | 7,316 | $470,053.12 |
| 45378A106 | INDEPENDENCE REALTY TRUST IN | US | IRT | 2,313.18 | $23,363.16 |
| 45763PAE6 | INMARSAT FINANCE PLC 4.87500 05/15/2022 | GB | 99,065.7 | $95,350.74 | |
| 458140100 | INTEL CORP | US | INTC | 8,556.3 | $421,911.37 |
| 45866F104 | INTERCONTINENTALEXCHANGE INC | US | ICE | 2,952.16 | $241,250.34 |
| 459200101 | INTERNATIONAL BUSINESS MACH CORP | US | IBM | 922.3 | $114,614.43 |
| 459745GH2 | INTL LEASE FINANCE CORP 6.25000 05/15/2019 | US | 709,310.4 | $716,842.60 | |
| 46187BAA1 | IHSFR 2017-SFR2 A 3.15250 12/17/2036 | US | 77,795.89 | $77,699.19 | |
| 46187BAB9 | IHSFR 2017-SFR2 B 3.45250 12/17/2036 | US | 59,439.42 | $59,827.52 | |
| 46187W107 | INVITATION HOMES INC | US | INVH | 2,156.66 | $46,281.93 |
| 464287739 | ISHARES DJ US REAL ESTATE | US | 19.81 | $1,620.32 | |
| 464288513 | ISHARES IBOXX H/Y CORP BOND 4.46500 | US | 7,043.57 | $588,842.55 | |
| 466032109 | J&J SNACK FOODS CORP | US | JJSF | 520.09 | $81,587.29 |
| 46625H100 | JP MORGAN CHASE & CO | US | JPM | 4,096.37 | $455,475.01 |
| 46625HHL7 | JPMORGAN CHASE & CO 6.30000 04/23/2019 | US | 1,149,162.11 | $1,163,078.22 | |
| 46640BAC8 | JPMMT 2013-2 A2 3.50000 05/25/2043 | US | 85,573.51 | $82,655.28 | |
| 46641YAA1 | JPMMT 2014-2 1A1 3.00000 06/25/2029 | US | 111,829.97 | $110,117.63 | |
| 46647PAY2 | JPMORGAN CHASE & CO 4.02300 12/05/2024 | US | 653,833.61 | $651,871.33 | |
| 46647SAE0 | JPMMT 2017-3 1A3 3.50000 08/25/2047 | US | 322,474.6 | $310,864.87 | |
| 46647SAJ9 | JPMMT 2017-3 1A5 3.50000 08/25/2047 | US | 409,583.04 | $400,965.01 | |
| 46648HAE3 | JPMMT 2017-2 A5 3.50000 05/25/2047 | US | 321,272 | $314,997.08 | |
| 46648HAF0 | JPMMT 2017-2 A6 3.00000 05/25/2047 | US | 345,069.93 | $332,709.52 | |
| 46649HAC6 | JPMMT 2017-6 A3 3.50000 12/25/2048 | US | 225,806.94 | $217,683.08 | |
| 46649HAE2 | JPMMT 2017-6 A5 3.50000 12/25/2048 | US | 264,411.14 | $258,689.02 | |
| 4741844 | MERCK KGAA | DE | MRK GR | 4,433.19 | $490,747.49 |
| 476405105 | JERNIGAN CAPITAL INC | US | JCAP | 3,170.1 | $67,776.79 |
| 478160104 | JOHNSON & JOHNSON | US | JNJ | 8,016.4 | $1,177,608.62 |
| 47987LAA9 | JONAH NRG LLC/FINANCE 7.25000 10/15/2025 | US | 54,486.13 | $40,319.74 | |
| 485170302 | KANSAS CITY SOUTHERN | US | KSU | 990.66 | $102,087.20 |
| 493267108 | KEYCORP | US | KEY | 2,991.78 | $54,869.32 |
| 49446R109 | KIMCO REALTY CORP | US | KIM | 1,198.7 | $19,598.66 |
| 494550AW6 | KINDER MORGAN ENER PART 6.95000 01/15/2038 | US | 1,000,563.56 | $1,110,678.93 | |
| 500472303 | KONINKLIJKE PHILIPS NVR - NY ADR | NL | PHG | 1,373.05 | $52,107.27 |
| 500630CK2 | KOREA DEVELOPMENT BANK 1.37500 09/12/2019 | KR | 594,394.19 | $586,630.67 | |
| 500754106 | KRAFT HEINZ CO/THE | US | KHC | 1,273.98 | $65,126.11 |
| 50187TAE6 | LGI HOMES INC 6.87500 07/15/2026 | US | 49,532.85 | $44,765.31 | |
| 50212YAB0 | LPL HOLDINGS INC 5.75000 09/15/2025 | US | 29,719.71 | $28,159.42 | |
| 502160AM6 | LSB INDUSTRIES 9.62500 05/01/2023 | US | 44,579.56 | $45,582.60 | |
| 505742AD8 | LADDER CAP FIN LLLP/CORP 5.87500 08/01/2021 | US | 29,719.71 | $29,719.71 | |
| 529043101 | LEXINGTON REALTY TRUST | US | LXP | 2,367.67 | $20,788.14 |
| 531172104 | LIBERTY PROPERTY TRUST | US | LPT | 1,005.52 | $45,539.86 |
| 532457108 | ELI LILLY & CO | US | LLY | 1,834.7 | $217,668.42 |
| 534187109 | LINCOLN NATL CORP IND | US | LNC | 480.47 | $30,255.11 |
| 53815P108 | LIVERAMP HOLDINGS INC | US | RAMP | 7,543.85 | $356,824.25 |
| 539830109 | LOCKHEED MARTIN CORP | US | LMT | 303.14 | $91,072.66 |
| 550021109 | LULULEMON - ADR | CA | LULU | 3,705.06 | $491,105.32 |
| 554382101 | THE MACERICH CO | US | MAC | 178.32 | $8,967.63 |
| 55616XAC1 | MACYS RETAIL HLDGS INC 7.00000 02/15/2028 | US | 366,543.09 | $387,784.74 | |
| 55933JAB0 | MAGNACHIP SEMICONDUCTOR 6.62500 07/15/2021 | US | 38,635.62 | $36,510.66 | |
| 56585A102 | MARATHON PETROLEUM CORP | US | MPC | 775.68 | $50,543.60 |
| 5671735 | SANOFI-AVENTIS | FR | SAN FP | 1,094.68 | $99,244.14 |
| 57636Q104 | MASTERCARD INC-CLASS A | US | MA | 3,665.43 | $737,008.18 |
| 580135101 | MCDONALDS CORP | US | MCD | 805.4 | $151,826.73 |
| 58502BAC0 | MEDNAX INC 6.25000 01/15/2027 | US | 29,719.71 | $29,600.83 | |
| 58933Y105 | MERCK & CO INC | US | MRK | 8,499.84 | $674,377.06 |
| 59001ABA9 | MERITAGE HOMES CORP 5.12500 06/06/2027 | US | 29,719.71 | $26,153.34 | |
| 594918104 | MICROSOFT CORP | US | MSFT | 7,008.9 | $777,216.72 |
| 59522J103 | MID-AMERICA APARTMENT COMM | US | MAA | 421.03 | $43,601.79 |
| 60871R209 | MOLSON COORS BREWING CO -B | US | TAP | 530 | $34,858.20 |
| 609207105 | MONDELEZ INTERNATIONAL INC | US | MDLZ | 14,042.56 | $631,634.47 |
| 61744YAG3 | MORGAN STANLEY FLT 3.81125 05/08/2024 | US | 1,149,162.11 | $1,141,710.74 | |
| 62426EAA3 | MOUNTAIN PROVINCE DIAMON 8.00000 12/15/2022 | CA | 64,392.7 | $64,553.69 | |
| 624758108 | MUELLER WATER PRODUCTS INC - A | US | MWA | 4,403.47 | $46,368.54 |
| 62913TAM4 | NGL ENRGY PART LP/FIN CO 6.12500 03/01/2025 | US | 39,626.28 | $35,267.39 | |
| 637417106 | NATIONAL RETAIL PROPERTIES | US | NNN | 421.03 | $21,076.72 |
| 637870106 | NATIONAL STORAGE AFFILIATES | US | NSA | 391.31 | $10,944.93 |
| 63938CAE8 | NAVIENT CORP 7.25000 09/25/2023 | US | 29,719.71 | $29,868.31 | |
| 64829DAG1 | NRZT 2014-3A AFX3 3.75000 11/25/2054 | US | 96,036.94 | $95,959.73 | |
| 64829EAA2 | NRZT 2015-2A A1 3.75000 08/25/2055 | US | 106,534.79 | $106,251.09 | |
| 64829LAA6 | NRZT 2016-4A A1 3.75000 11/25/2056 | US | 139,542.83 | $138,922.84 | |
| 651229106 | NEWELL BRANDS INC | US | NWL | 4,086.46 | $95,623.17 |
| 66727WAA0 | NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 | CA | 64,392.7 | $63,748.78 | |
| 66987V109 | NOVARTIS AG- REG | CH | NVS | 10,025.45 | $917,629.32 |
| 67103H107 | O'REILLY AUTOMOTIVE INC | US | ORLY | 193.18 | $66,990.31 |
| 680223104 | OLD REPUBLIC INTL CORP | US | ORI | 1,743.56 | $39,317.19 |
| 68323ADY7 | ONTARIO (PROVINCE OF) 1.25000 06/17/2019 | CA | 204,075.34 | $202,350.64 | |
| 69145LAA2 | OXFORD FIN LLC/CO-ISS II 6.37500 12/15/2022 | US | 44,579.56 | $44,245.22 | |
| 693475105 | PNC FINANCIAL SERVICES GROUP | US | PNC | 267.48 | $36,318.08 |
| 70014LAC4 | PARK AEROSPACE HOLDINGS 4.50000 03/15/2023 | KY | 43,588.91 | $42,390.21 | |
| 70338P100 | PATTERN ENERGY GROUP INC -A | US | PEGI | 1,788.14 | $36,996.53 |
| 7123870 | NESTLE SA-REGISTERED | CH | NESN SW | 5,522.91 | $471,176.25 |
| 713448108 | PEPSICO INC | US | PEP | 6,041.03 | $736,642.75 |
| 717081103 | PFIZER INC | US | PFE | 5,154.39 | $238,287.37 |
| 71943U104 | PHYSICIANS REALTY TRUST | US | DOC | 4,869.08 | $86,718.30 |
| 729640102 | PLYMOUTH INDUSTRIAL REIT INC | US | 1,798.04 | $22,673.32 | |
| 733174AK2 | POPULAR INC 6.12500 09/14/2023 | PR | 39,626.28 | $39,576.75 | |
| 741503AZ9 | PRICELINE GROUP INC/THE 3.60000 06/01/2026 | US | 1,208,601.53 | $1,147,211.55 | |
| 74251V102 | PRINCIPAL FINANCIAL GROUP | US | PFG | 525.05 | $25,895.38 |
| 74333KAA6 | PROG 2017-SFR2 A 2.89700 12/17/2034 | US | 148,598.55 | $143,642.64 | |
| 74340W103 | PROLOGIS | US | PLD | 1,550.38 | $104,402.47 |
| 744320AL6 | PRUDENTIAL FINANCIAL INC 5.87500 09/15/2042 | US | 733,086.17 | $750,958.81 | |
| 74460D109 | PUBLIC STORAGE INC | US | PSA | 317.01 | $67,605.60 |
| 74736K101 | QORVO INC | US | QRVO | 12,720.04 | $837,105.55 |
| 756109104 | REALTY INCOME CORP | US | O | 212.99 | $13,650.61 |
| 75886F107 | REGENERON PHARMACEUTICALS INC | US | REGN | 683.55 | $249,941.27 |
| 7591EP100 | REGIONS FINANCIAL CORP. | US | RF | 2,293.37 | $37,725.95 |
| 767204100 | RIO TINTO PLC - SPON ADR | GB | RIO | 1,522.64 | $71,198.64 |
| 77340RAK3 | ROCKIES EXPRESS PIPELINE 5.62500 04/15/2020 | US | 44,579.56 | $45,025.36 | |
| 780259107 | ROYAL DUTCH SHELL PLC-ADR B | NL | RDS/B | 936.17 | $58,070.68 |
| 78410G104 | SBA COMMUNICATIONS CORP | US | SBAC | 1,476.08 | $252,129.04 |
| 78442PGC4 | SLM CORP 5.12500 04/05/2022 | US | 39,626.28 | $38,833.75 | |
| 78470NAB2 | SOFI 2015-D A2 2.72000 10/27/2036 | US | 97,758.65 | $95,399.93 | |
| 78470RAC1 | SOFI 2016-E A2B 2.49000 01/25/2036 | US | 277,383.96 | $271,680.56 | |
| 78490DAA2 | SOFI 2018-C A1FX 3.08000 01/25/2048 | US | 407,398.25 | $406,390.75 | |
| 785592AV8 | SABINE PASS LIQUEFACTION 5.87500 06/30/2026 | US | 1,089,722.69 | $1,147,109.77 | |
| 80105N105 | SANOFI-AVENTIS-ADR | FR | SNY | 2,798.61 | $126,916.78 |
| 80282KAE6 | SANTANDER HOLDINGS USA 4.50000 07/17/2025 | US | 782,619.02 | $757,687.78 | |
| 806857108 | SCHLUMBERGER LTD | NL | SLB | 4,923.57 | $222,052.79 |
| 808513105 | CHARLES SCHWAB CORP/THE | US | SCHW | 5,027.58 | $225,235.77 |
| 81211K100 | SEALED AIR CORP | US | SEE | 11,491.62 | $419,788.92 |
| 812578102 | SEATTLE GENETICS INC | US | SGEN | 5,716.09 | $357,712.96 |
| 81745EAA7 | SEMT 2013-8 A1 3.00000 06/25/2043 | US | 118,550.93 | $111,854.70 | |
| 81762P102 | SERVICENOW INC | US | NOW | 1,426.55 | $264,296.19 |
| 81783QAC9 | SEVEN GENERATIONS ENERGY 5.37500 09/30/2025 | CA | 23,775.77 | $22,111.46 | |
| 822538AE4 | SHELF DRILL HOLD LTD 8.25000 02/15/2025 | KY | 29,719.71 | $27,862.23 | |
| 828806109 | SIMON PROPERTY GROUP INC | US | SPG | 767.76 | $142,565.20 |
| 831641FC4 | SBIC 2015-10A 1 2.51700 03/10/2025 | US | 103,509.08 | $100,603.39 | |
| 831641FE0 | SBIC 2015-10B 1 2.82900 09/10/2025 | US | 472,899.66 | $463,775.44 | |
| 83401BAA4 | SOFI 2017-F A1FX 2.05000 01/25/2041 | US | 62,565.9 | $61,936.84 | |
| 83401BAB2 | SOFI 2017-F A2FX 2.84000 01/25/2041 | US | 74,299.27 | $71,663.84 | |
| 83402JAC2 | SOFI 2016-B A2B 2.74000 10/25/2032 | US | 84,121 | $82,912.31 | |
| 83404FAB0 | SOFI 2017-A A2A 1.55000 03/26/2040 | US | 39,453.83 | $39,154.70 | |
| 83404YAA1 | SCLP 2016-5 A 3.06000 09/25/2028 | US | 170,434.01 | $169,472.62 | |
| 83405LAA8 | SCLP 2017-5 A1 2.14000 09/25/2026 | US | 89,518.36 | $89,022.66 | |
| 83406EAB1 | SOFI 2018-A A2A 2.39000 02/25/2042 | US | 125,105.33 | $123,769.36 | |
| 835495102 | SONOCO PRODUCTS CO | US | SON | 2,496.46 | $143,646.06 |
| 84265VAD7 | SOUTHERN COPPER CORP 5.37500 04/16/2020 | US | 762,805.88 | $775,823.92 | |
| 844741108 | SOUTHWEST AIRLS CO | US | LUV | 807.39 | $44,091.32 |
| 845467AL3 | SOUTHWESTERN ENERGY CO 6.20000 01/23/2025 | US | 49,532.85 | $47,489.62 | |
| 85254J102 | STAG INDUSTRIAL INC | US | STAG | 2,243.84 | $60,112.42 |
| 85571XAA5 | SRPT 2014-STAR A FLTG RATE 3.52650 11/15/2027 | US | 256,753.97 | $256,786.14 | |
| 862121100 | STORE CAPITAL CORP | US | STOR | 435.89 | $13,059.24 |
| 866674104 | SUN COMMUNITIES | US | SUI | 520.09 | $54,141.88 |
| 867892101 | SUNSTONE HOTEL INVESTORS INC | US | SHO | 1,803 | $27,513.71 |
| 867914103 | SUNTRUST BANKS INC | US | STI | 579.53 | $36,331.01 |
| 874039100 | TAIWAN SEMICONDUCTOR - SP ADR | TW | TSM | 4,795.77 | $180,273.01 |
| 87612E106 | TARGET CORP | US | TGT | 902.49 | $64,040.59 |
| 87854WAA1 | TECHNIPLAS LLC 10.00000 05/01/2020 | US | 34,672.99 | $32,159.20 | |
| 88104LAE3 | TERRAFORM POWER OPERATIN 5.00000 01/31/2028 | US | 24,766.42 | $22,173.38 | |
| 882508104 | TEXAS INSTRUMENTS INC | US | TXN | 1,137.27 | $113,556.83 |
| 88579Y101 | 3M CO | US | MMM | 828.19 | $172,197.11 |
| 88650V208 | TIER REIT INC | US | TIER | 2,025.89 | $47,689.53 |
| 89173CAA5 | TPMT 2016-5 A1 2.50000 10/25/2056 | US | 226,526.66 | $219,943.84 | |
| 89613BAA5 | TAH 2016-SFR1 A 2.58900 11/17/2033 | US | 217,998.01 | $209,427.12 | |
| 89613FAA6 | TAH 2017-SFR2 A 2.92800 01/17/2036 | US | 197,920.27 | $188,272.81 | |
| 901109AF5 | TUTOR PERINI CORP 6.87500 05/01/2025 | US | 35,663.65 | $34,237.11 | |
| 902653104 | UDR INC | US | UDR | 1,302.71 | $55,521.67 |
| 902973304 | U.S. BANCORP | US | USB | 1,895.13 | $103,208.61 |
| 903002103 | UMH PROPERTIES INC | US | UMH | 990.66 | $12,908.26 |
| 904767704 | UNILEVER PLC - ADR | GB | UL | 10,363.26 | $562,621.53 |
| 907818108 | UNION PAC CORP | US | UNP | 849.98 | $130,710.49 |
| 911312106 | UNITED PARCEL SERVICE | US | UPS | 974.81 | $112,385.44 |
| 912810FM5 | UNITED STATES TREAS BOND 6.25000 05/15/2030 | US | 999,572.9 | $1,307,253.93 | |
| 912810PT9 | UNITED STATES TREAS BOND 4.75000 02/15/2037 | US | 1,489,948.11 | $1,821,810.78 | |
| 912810QV3 | UNITED STATES TREAS INFL INDEX 0.75000 02/15/2042 | US | 722,038.59 | $647,211.70 | |
| 912810RK6 | US TREASURY N/B 2.50000 02/15/2045 | US | 1,532,546.36 | $1,313,380.26 | |
| 912828D23 | US TREASURY N/B 1.62500 04/30/2019 | US | 7,529,983.77 | $7,502,334.57 | |
| 912828K33 | UNITED STATES TREAS INFL INDEX 0.12500 04/15/2020 | US | 6,433,341.01 | $6,308,108.64 | |
| 912828R28 | US TREASURY N/B 1.62500 04/30/2023 | US | 2,640,100.87 | $2,505,208.22 | |
| 912828R36 | US TREASURY N/B 1.62500 05/15/2026 | US | 2,808,512.56 | $2,561,122.09 | |
| 912828UH1 | UNITED STATES TREAS INFL INDEX 0.12500 01/15/2023 | US | 707,156.08 | $681,091.76 | |
| 912828XB1 | UNITED STATES TREAS NTS 2.12500 05/15/2025 | US | 2,699,540.29 | $2,572,999.35 | |
| 912828XQ8 | US TREASURY N/B 2.00000 07/31/2022 | US | 7,187,216.45 | $6,974,126.69 | |
| 913017109 | UNITED TECHNOLOGIES CORP | US | UTX | 876.73 | $106,820.96 |
| 91704F104 | URBAN EDGE PROPERTIES | US | UE | 2,184.4 | $43,556.91 |
| 91913Y100 | VALERO ENERGY | US | VLO | 653.83 | $52,241.31 |
| 92276F100 | VENTAS INC | US | VTR | 421.03 | $26,731.15 |
| 92339V100 | VEREIT INC | US | VER | 4,680.85 | $35,808.54 |
| 92343V104 | VERIZON COMMUNICATIONS | US | VZ | 1,931.78 | $116,486.40 |
| 92343VDV3 | VERIZON COMMUNICATIONS 5.50000 03/16/2047 | US | 1,069,909.55 | $1,116,099.82 | |
| 92532F100 | VERTEX PHARMACEUTICALS INC | US | VRTX | 1,020.38 | $184,473.90 |
| 92826C839 | VISA INC - CLASS A SHARES | US | V | 4,586.74 | $649,987.19 |
| 929042109 | VORNADO REALTY TRUST | US | VNO | 723.18 | $52,040.00 |
| 92922PAL0 | W & T OFFSHORE INC 9.75000 11/01/2023 | US | 39,626.28 | $35,861.78 | |
| 92935JBC8 | WF-RBS COMMERCIAL MORTGAGE T FLT 4.86900 02/15/2044 | US | 342,921.25 | $352,313.52 | |
| 92960PAA7 | W/S PACKAGING HOLDINGS 9.00000 04/15/2023 | US | 44,579.56 | $45,248.26 | |
| 931142103 | WAL MART STORES | US | WMT | 2,481.6 | $242,327.83 |
| 931427108 | WALGREENS BOOTS ALLIANCE INC | US | WBA | 967.87 | $81,949.71 |
| 94106L109 | WASTE MANAGEMENT INC | US | WM | 1,411.69 | $132,345.58 |
| 94856UAA9 | WEEKLEY HOMES LLC/ FINAN 6.62500 08/15/2025 | US | 34,672.99 | $32,159.20 | |
| 948741103 | WEINGARTEN REALTY INVESTORS | US | WRI | 1,124.4 | $32,450.06 |
| 949746101 | WELLS FARGO COMPANY | US | WFC | 6,471.96 | $351,298.10 |
| 95040Q104 | WELLTOWER INC. | US | WELL | 505.24 | $36,543.65 |
| 962178AL3 | TRI POINTE HOLDINGS INC 4.37500 06/15/2019 | US | 49,532.85 | $49,270.33 | |
| 962178AN9 | TRI POINTE GROUP / HOMES 5.87500 06/15/2024 | US | 39,626.28 | $35,513.07 | |
| 96949LAD7 | WILLIAMS PARTNERS LP 3.75000 06/15/2027 | US | 614,207.33 | $567,778.13 | |
| 97651JAE6 | WINWATER MORTGAGE LOAN TRUST 3.50000 03/20/2045 | US | 97,752.25 | $97,368.36 | |
| 97652TAA1 | WIN 2015-1 A1 3.50000 01/20/2045 | US | 118,161.39 | $115,376.57 | |
| 98161FAD7 | WOLS 2016-A A3 1.45000 08/15/2019 | US | 32,601.09 | $32,554.22 | |
| 98919V105 | ZAYO GROUP HOLDINGS INC | US | ZAYO | 4,616.46 | $121,505.27 |
| B296BQ5 | STORAGEVAULT CANADA INC | CA | SVI CN | 3,378.14 | $6,432.61 |
| B29TNV3 | INNERGEX RENEWABLE ENERGY | CA | INE CN | 3,125.52 | $29,593.25 |
| B3FP8W8 | CANADA HOUSING TRUST 4.10000 12/15/2018 | CA | 26,747.74 | $20,142.59 | |
| B3ZD2V9 | MEX BONOS DESARR FIX RT 6.50000 06/10/2021 | MX | 272,430.67 | $12,728.93 | |
| B4888C1 | CANADIAN GOVERNMENT FLT 2.75000 06/01/2022 | CA | 32,691.68 | $25,052.51 | |
| B4NDCC9 | MEX BONOS DESARR FIX RT 6.50000 06/09/2022 | MX | 499,291.12 | $22,818.19 | |
| B4YN9R2 | SINGAPORE GOVERNMENT 2.50000 06/01/2019 | SG | 59,439.42 | $43,426.00 | |
| B615Y14 | MEX BONOS DESARR FIX RT 8.00000 06/11/2020 | MX | 726,151.57 | $35,408.26 | |
| B68XHC3 | NORTHLAND POWER INC | CA | NPI CN | 1,902.06 | $31,981.37 |
| B6TC406 | MEX BONOS DESARR FIX RT 7.75000 05/29/2031 | MX | 91,140.44 | $3,946.26 | |
| BBG00MBFLVG6 | QRVO US 12/21/18 C67.5 | US | -26.75 | -$4,279.64 | |
| BBG00MCR9B13 | BABA US 12/07/18 C165 | CN | -7.93 | -$1,743.56 | |
| BBG00MD5C001 | NOW US 12/07/18 C205 | US | -6.93 | -$69.35 | |
| BBG00MHMRQ16 | GOOG US 12/28/18 C1110 | US | -.99 | -$1,951.59 | |
| BD82246 | EAGLE BULK SHIPCO 8.25000 11/28/2022 | MH | 194,168.77 | $189,314.55 | |
| BF955D8 | TELENET FINANCE LUX NOTE 5.50000 03/01/2028 | LU | 198,131.4 | $181,290.23 | |
| BFYM460 | UNIBAIL-RODAMCO-WESTFIELD | FR | URW NA | 163.46 | $28,098.32 |
| BGHQ198 | HIBERNIA REIT PLC | IE | HBRN ID | 14,359.57 | $22,108.91 |
| BMMV2K8 | TENCENT HOLDINGS LTD | CN | 700 HK | 13,651.25 | $545,758.61 |
| BP9DL90 | INDUSTRIA DE DISENO TEXTIL | ES | ITX SM | 10,372.18 | $318,789.34 |
| BYYHL23 | ANHEUSER-BUSCH INBEV SA/NV | BE | ABI BB | 7,885.63 | $605,856.48 |
| G3157S106 | ENSCO INTERNATIONAL INC | US | ESV | 18,342.01 | $103,999.22 |
| G37585AC3 | GASLOG LTD 8.87500 03/22/2022 | BM | 59,439.42 | $61,519.80 | |
| G51502105 | JOHNSON CONTROLS INTERNATIONAL | US | JCI | 2,283.46 | $79,418.89 |
| G5960L103 | MEDTRONIC INC | IE | MDT | 8,748.49 | $853,240.41 |
| G96629103 | WILLIS TOWERS WATSON PLC | GB | WLTW | 232.8 | $37,120.66 |
| H1467J104 | CHUBB LTD | CH | CB | 366.54 | $49,021.47 |
| H8817H100 | TRANSOCEAN LTD | US | RIG | 11,769.01 | $109,216.37 |
| N47279109 | INTERXION HOLDING NV | NL | INXN | 6,865.25 | $427,499.30 |
| N53745100 | LYONDELLBASELL INDU-CL A | US | LYB | 558.73 | $52,135.15 |
| USD | US DOLLAR | US | 2,017,993.61 | $2,017,993.61 |
Based on the investments of the underlying fund(s): Manning & Napier Fund, Inc. Pro-Blend® Conservative Term Series through 10/15/2017, and Manning & Napier Fund, Inc. Blended Asset Conservative Series beginning 10/16/2017. Investments will change over time. Fund holdings list does not include securities with positions less than 0.005 shares.
Distributions
- Target Income Series Class I Distribution History
- 2018 Distribution Calendar
- Fourth Quarter 2017 Distributions
- Third Quarter 2018 Distributions
- Second Quarter 2018 Distributions
- First Quarter 2018 Distributions
- Tax Letter
- Target 2010 Merger into Target Income – 2015
- Fourth Quarter 2018 Distribution Estimates
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
$9.80
Daily $ Change
$0.00
Daily % Change
0.00%
as of 12/11/2018
Ticker
MTDIX
CUSIP
56382P203
Inception Date
03/28/2008
Investment Minimum
$1,000,000.00
Investment minimum may be waived for certain qualified retirement plans.
Important Documents
| Summary Prospectus | |
| Prospectus | |
| Statement of Additional Information | |
| Annual Report | |
| Semi-Annual Report | |
| Fact Sheet | |
| Applications & Forms | |
| 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 preservation and manage risk for investors who have already reached their target date or who desire minimal capital risk as they move towards a future target date.
Investment Strategy
The portfolio is invested in a conservative mix of securities that seeks preservation of capital, with income and long-term capital growth as secondary objectives. The portfolio is diversified primarily among fixed income securities, typically focusing on short to intermediate-term maturities. A position in various stock investments, which may be focused on dividend paying stocks, adds potential for growth opportunities and income generation. For the most part, this approach favors stability over growth. Stock exposure can range from 15% - 45%.
May be Appropriate for Investors
- Who have reached their target date or are already in retirement and seek to minimize declines in account value with potential for modest capital growth and income generation
- Who have a future target date and want to assume a minimal amount of capital risk through limited stock exposure
- Who prefer to take advantage of professional management through a single, diversified investment portfolio
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.
Performance
As of 11/30/2018
YTD
-0.45%
1 Year
0.02%
3 Year
3.57%
5 Year
2.90%
10 Year
5.52%
Inception
(03/28/2008)
4.55%
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 | 0.85% |
| Net | 0.67%* |
*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 (02/29/2028) without the approval of the Fund's Board of Directors.
Top Ten Investments
As of 11/30/2018
| TREASURY NOTES | 17.67% |
| GOVERNMENT AGENCY | 11.32% |
| UNITED STATES TREAS INFL INDEX 0.12500 04/15/2020 | 5.04% |
| TREASURY BONDS | 3.55% |
| FRESENIUS MED CARE II 5.62500 07/31/2019 | 1.14% |
| GAHR 2015-NRF DFX FLT 3.49490 12/15/2034 | 1.01% |
| JOHNSON & JOHNSON | 0.94% |
| JPMORGAN CHASE & CO 6.30000 04/23/2019 | 0.93% |
| BANK OF AMERICA CORP 4.00000 01/22/2025 | 0.92% |
| PRICELINE GROUP INC/THE 3.60000 06/01/2026 | 0.92% |
Top Ten Investments list is unaudited and excludes cash.
Asset Allocation
As of 11/30/2018
| Bonds | 70.80% | |
| Stocks | 27.61% | |
| Cash | 1.59% |
Detailed Asset Class Allocation
As of 11/30/2018
| International Equities | 6.71% | |
| Small Capitalization | 0.78% | |
| Mid Capitalization | 2.47% | |
| Large Capitalization | 17.64% | |
| Long Term Fixed Income | 18.02% | |
| Intermediate Term Fixed Income | 34.64% | |
| Short Term Fixed Income | 18.15% | |
| Cash | 1.59% |
Due to rounding, the sum of the detailed asset class allocation categories may not equal the asset allocation totals provided above.
November Fund Holdings
As of 11/30/2018
| CUSIP | Security Description | Country | Ticker | Shares/Par | Market Value (USD) |
|---|---|---|---|---|---|
| 000375204 | ABB LTD-SPON ADR | CH | ABB | 3,000.7 | $60,854.20 |
| 00101JAM8 | ADT CORP 5.25000 03/15/2020 | US | 24,766.42 | $24,952.17 | |
| 00206RDQ2 | AT&T INC 4.25000 03/01/2027 | US | 792,525.59 | $763,922.49 | |
| 00254EML3 | SWEDISH EXPORT CREDIT 1.12500 08/28/2019 | SE | 499,291.12 | $493,302.06 | |
| 00287Y109 | ABBVIE INC | US | ABBV | 1,467.16 | $138,309.46 |
| 004239109 | ACADIA REALTY TRUST | US | AKR | 450.75 | $12,922.97 |
| 00774MAG0 | AERCAP IRELAND CAP / GLOBA 4.45000 10/01/2025 | IE | 782,619.02 | $761,800.22 | |
| 008492100 | AGREE REALTY CORP | US | ADC | 257.57 | $15,343.49 |
| 00928QAK7 | AIRCASTLE LTD 6.25000 12/01/2019 | BM | 29,719.71 | $30,383.11 | |
| 015271109 | ALEXANDRIA REAL EST EQUITIES | US | ARE | 99.07 | $12,333.68 |
| 01609W102 | ALIBABA GROUP - ADR | CN | BABA | 1,590 | $255,768.12 |
| 01748XAA0 | ALLEGIANT TRAVEL CO 5.50000 07/15/2019 | US | 25,757.08 | $25,757.08 | |
| 020002101 | ALLSTATE CORPORATION | US | ALL | 361.59 | $32,250.19 |
| 02005NAT7 | ALLY FINANCIAL INC 3.50000 01/27/2019 | US | 29,719.71 | $29,636.20 | |
| 02079K107 | ALPHABET INC-CL C | US | GOOG | 326.92 | $357,787.56 |
| 02079K305 | ALPHABET INC-CL A | US | GOOGL | 217.94 | $241,842.16 |
| 023135106 | AMAZON.COM INC | US | AMZN | 128.79 | $217,669.23 |
| 02319V103 | AMBEV SA-ADR | BR | ABEV | 58,428.95 | $249,491.61 |
| 0237400 | DIAGEO PLC | GB | DGE LN | 15,226.4 | $549,875.06 |
| 02376RAA0 | AMERICAN AIRLINES GROUP 5.50000 10/01/2019 | US | 29,719.71 | $29,905.46 | |
| 024835100 | AMERICAN CAMPUS COMMUNITIES | US | ACC | 336.82 | $14,762.97 |
| 02665T306 | AMERICAN HOMES 4 RENT- A | US | AMH | 2,461.78 | $51,278.93 |
| 02666TAA5 | AMERICAN HOMES 4 RENT 4.25000 02/15/2028 | US | 812,338.73 | $766,871.08 | |
| 02753GAA7 | AMERICAN MIDSTREAM PTR/F 9.50000 12/15/2021 | US | 39,626.28 | $38,338.43 | |
| 03027X100 | AMERICAN TOWER REIT INC | US | AMT | 1,540.47 | $253,392.18 |
| 03064D108 | AMERICOLD REALTY TRUST | US | COLD | 465.61 | $12,478.32 |
| 031162100 | AMGEN INC | US | AMGN | 722.19 | $150,395.85 |
| 03748R101 | APARTMENT INVT & MGMT CO -A | US | AIV | 936.17 | $44,084.29 |
| 037833100 | APPLE COMPUTER INC | US | AAPL | 539.91 | $96,416.78 |
| 03784Y200 | APPLE HOSPITALITY REIT INC | US | APLE | 777.67 | $12,341.56 |
| 03990B101 | ARES MANAGEMENT CORP - A | US | ARES | 2,654.96 | $59,577.32 |
| 053015103 | AUTOMATIC DATA PROCESSING | US | ADP | 598.36 | $88,209.76 |
| 053484101 | AVALONBAY COMMUNITIES INC | US | AVB | 579.53 | $110,441.86 |
| 055622104 | BP PLC-SPONS ADR | GB | BP | 2,808.51 | $113,323.48 |
| 05604LAA0 | BWAY 2015-1740 A 2.91700 01/10/2035 | US | 561,702.51 | $536,934.80 | |
| 058498106 | BALL CORP | US | BLL | 10,281.04 | $504,901.79 |
| 060505104 | BANK OF AMERICA CORP | US | BAC | 7,216.94 | $204,960.99 |
| 06051GFM6 | BANK OF AMERICA CORP 4.00000 01/22/2025 | US | 1,188,788.39 | $1,153,014.04 | |
| 084670702 | BERKSHIRE HATHAWAY INC-CL B | US | BRK/B | 1,575.14 | $343,759.56 |
| 088606108 | BHP GROUP LTD | AU | BHP | 2,015.99 | $89,429.18 |
| 09061G101 | BIOMARIN PHARMACEUTICAL INC | US | BMRN | 2,491.5 | $239,258.97 |
| 09247X101 | BLACKROCK INC | US | BLK | 376.45 | $161,124.22 |
| 09253U108 | BLACKSTONE GROUP LP/THE | US | BX | 2,224.02 | $75,016.36 |
| 096630AE8 | BOARDWALK PIPELINES LP 5.95000 06/01/2026 | US | 1,099,629.26 | $1,119,748.98 | |
| 097023105 | BOEING CO | US | BA | 532.97 | $184,813.88 |
| 09857L108 | BOOKING HOLDINGS INC | US | BKNG | 376.45 | $712,197.57 |
| 0989529 | ASTRAZENECA PLC | GB | AZN LN | 1,045.14 | $81,383.92 |
| 101121101 | BOSTON PROPERTIES INC | US | BXP | 614.21 | $80,584.00 |
| 105368203 | BRANDYWINE REALTY TRUST | US | BDN | 3,284.03 | $46,863.08 |
| 110122108 | BRISTOL MYERS SQUIBB CO | US | BMY | 7,887.61 | $421,671.68 |
| 11135F101 | BROADCOM INC | US | AVGO | 348.71 | $82,787.54 |
| 1248EPBR3 | CCO HLDGS LLC/CAP CORP 5.50000 05/01/2026 | US | 39,626.28 | $38,437.49 | |
| 12503M108 | CBOE GLOBAL MARKETS INC | US | CBOE | 2,124.96 | $228,688.11 |
| 12572Q105 | CME GROUP INC | US | CME | 1,243.27 | $236,321.62 |
| 125896100 | CMS ENERGY CORP | US | CMS | 1,401.78 | $73,018.70 |
| 12592BAB0 | CNH INDUSTRIAL CAPITAL L 3.37500 07/15/2019 | US | 782,619.02 | $779,715.50 | |
| 12629NAF2 | COMM 2015-DC1 A5 FLT 3.35000 02/10/2048 | US | 539,908.06 | $526,580.64 | |
| 12646XAH5 | CSMC 2013-IVR3 A1 2.50000 05/25/2043 | US | 153,860.48 | $142,445.89 | |
| 126650100 | CVS HEALTH CORP | US | CVS | 1,139.26 | $91,368.29 |
| 12770QAA3 | CZR 2017-VICI A 3.53100 10/15/2034 | US | 257,570.82 | $257,168.06 | |
| 14041NFF3 | CAPITAL ONE MULTI-ASSET 1.33000 06/15/2022 | US | 198,131.4 | $195,942.16 | |
| 149123101 | CATERPILLAR INC | US | CAT | 487.4 | $66,126.00 |
| 14980AAA0 | CAZENOVIA CREEK FUNDING LLC 3.56070 07/15/2030 | US | 334,438.86 | $333,392.01 | |
| 156504AH5 | CENTURY COMMUNITIES 5.87500 07/15/2025 | US | 56,467.45 | $50,891.29 | |
| 165183AF1 | CFII 2016-2A A1 1.88000 06/15/2028 | US | 159,990.41 | $159,232.17 | |
| 165183AL8 | CFII 2017-2A A1 1.99000 05/15/2029 | US | 577,701.67 | $570,914.14 | |
| 165183BB9 | CFII 2017-4A A1 2.12000 11/15/2029 | US | 275,340.8 | $271,906.36 | |
| 165240102 | CHESAPEAKE LODGING TRUST | US | CHSP | 683.55 | $20,212.67 |
| 166764100 | CHEVRON CORP | US | CVX | 921.31 | $109,580.73 |
| 16941R108 | CHINA PETROLEUM & CHEM-ADR | CN | SNP | 1,276.96 | $108,975.50 |
| 17275R102 | CISCO SYSTEMS INC | US | CSCO | 4,131.04 | $197,752.87 |
| 172967424 | CITIGROUP INC | US | C | 2,615.33 | $169,447.52 |
| 172967EW7 | CITIGROUP INC 8.12500 07/15/2039 | US | 822,245.3 | $1,123,364.75 | |
| 191216100 | COCA COLA CO/THE | US | KO | 9,341.9 | $470,831.53 |
| 194162103 | COLGATE-PALMOLIVE CO | US | CL | 1,947.63 | $123,713.56 |
| 19626G108 | COLONY CAPITAL INC | US | CLNY | 9,282.46 | $57,179.93 |
| 199908104 | COMFORT SYSTEMS | US | FIX | 891.59 | $46,951.20 |
| 20030N101 | COMCAST CORP-CL A | US | CMCSA | 3,357.34 | $130,969.70 |
| 20369C106 | COMMUNITY HEALTHCARE TRUST I | US | CHCT | 2,298.32 | $72,489.15 |
| 2099084 | BORALEX INC -A | CA | BLX CN | 1,882.25 | $25,358.25 |
| 21871N101 | CORECIVIC INC | US | CXW | 2,828.33 | $62,081.75 |
| 222795106 | COUSINS PROPERTIES INC | US | CUZ | 5,339.64 | $45,119.97 |
| 22282E102 | COVANTA HOLDING CORP | US | CVA | 5,255.44 | $87,030.01 |
| 22282EAH5 | COVANTA HOLDING CORP 6.00000 01/01/2027 | US | 34,672.99 | $32,245.88 | |
| 22530LAA4 | CAALT 2017-1A A 2.56000 10/15/2025 | US | 252,617.53 | $251,409.29 | |
| 22663AAA7 | ORTHO-CLINICAL DIAGNOSTI 6.62500 05/15/2022 | US | 24,766.42 | $23,837.68 | |
| 22822V101 | CROWN CASTLE INTL CORP | US | CCI | 1,198.7 | $137,730.05 |
| 22944PAA5 | CSMC 2013-TH1 A1 2.13000 02/25/2043 | US | 99,270.76 | $90,757.70 | |
| 229663109 | CUBESMART | US | CUBE | 356.64 | $11,105.66 |
| 23311RAD8 | DCP MIDSTREAM OPERATING 5.35000 03/15/2020 | US | 24,766.42 | $25,014.09 | |
| 23918K108 | DAVITA INC. | US | DVA | 4,824.5 | $318,706.44 |
| 23918KAR9 | DAVITA INC 5.00000 05/01/2025 | US | 39,626.28 | $37,149.64 | |
| 247361702 | DELTA AIR LINES INC. | US | DAL | 876.73 | $53,226.37 |
| 25271C102 | DIAMOND OFFSHORE DRILLING | US | DO | 6,894.97 | $86,876.66 |
| 253393102 | DICK'S SPORTING GOODS INC | US | DKS | 1,629.63 | $58,634.11 |
| 253868103 | DIGITAL REALTY TRUST INC | US | DLR | 1,015.42 | $116,814.31 |
| 25470DAT6 | DISCOVERY COMMUNICATIONS 5.20000 09/20/2047 | US | 792,525.59 | $730,748.84 | |
| 256677105 | DOLLAR GENERAL CORP | US | DG | 901.5 | $100,057.25 |
| 26078J100 | DOWDUPONT INC | US | DWDP | 1,505.8 | $87,110.45 |
| 26780TAA5 | DYNAGAS LNG PARTNERS/FIN 6.25000 10/30/2019 | MH | 35,663.65 | $35,351.59 | |
| 269246401 | ETRADE FINANCIAL CORP | US | ETFC | 2,337.95 | $122,251.43 |
| 2715777 | QUEBECOR INC -CL B | CA | QBR/B CN | 5,795.34 | $125,053.62 |
| 277276101 | EASTGROUP PROPERTIES | US | EGP | 113.93 | $11,394.83 |
| 2801836 | SHAW COMMUNICATIONS INC-B | CA | SJR/B CN | 6,102.45 | $114,870.14 |
| 285512109 | ELECTRONIC ARTS | US | EA | 4,051.79 | $340,633.74 |
| 291011104 | EMERSON ELEC CO | US | EMR | 954 | $64,414.26 |
| 29444U700 | EQUINIX INC | US | EQIX | 1,233.37 | $475,192.00 |
| 29472R108 | EQUITY LIFESTYLE PROPERTIES | US | ELS | 277.38 | $27,608.03 |
| 29476L107 | EQUITY RESIDENTIAL | US | EQR | 1,223.46 | $87,171.62 |
| 297178105 | ESSEX PROPERTY TRUST INC | US | ESS | 203.08 | $53,311.76 |
| 30161N101 | EXELON CORP | US | EXC | 990.66 | $45,956.58 |
| 302154BV0 | EXPORT-IMPORT BANK KOREA 2.62500 12/30/2020 | KR | 990,656.99 | $975,312.70 | |
| 30225T102 | EXTRA SPACE STORAGE INC | US | EXR | 282.34 | $27,098.73 |
| 30231G102 | EXXON MOBIL CORP | US | XOM | 3,521.79 | $279,981.95 |
| 302491303 | FMC CORP | US | FMC | 1,268.04 | $104,917.71 |
| 30261UAJ3 | FREMF 2013-K713 B 3.26265 04/25/2046 | US | 297,197.1 | $295,755.30 | |
| 30262DAL5 | FREMF 2011-K13 B 4.76806 01/25/2048 | US | 318,500.18 | $325,064.89 | |
| 30264DAA7 | FS ENERGY & POWER FUND 7.50000 08/15/2023 | US | 44,579.56 | $43,687.97 | |
| 30287EAE0 | FREMF 2014-K41 B FLT 3.96255 11/25/2047 | US | 270,449.36 | $267,170.24 | |
| 30291EAE4 | FREMF 2013-K712 B FLT 3.47306 05/25/2045 | US | 133,738.69 | $133,442.52 | |
| 30291YAJ9 | FREMF 2014-K716 B FLT 4.08069 08/25/2047 | US | 446,786.3 | $450,832.53 | |
| 30292HAU0 | FREMF 2014- K503 B 3.13900 10/25/2047 | US | 297,197.1 | $296,249.33 | |
| 3128M5VT4 | FHLM POOL G03926 6.00000 02/01/2038 | US | 40,924.79 | $44,921.21 | |
| 3128M7C95 | FHLM POOL G05196 5.50000 10/01/2038 | US | 39,196.56 | $42,271.83 | |
| 3128M7KW5 | FHLM POOL G05409 5.50000 03/01/2039 | US | 34,887.08 | $37,600.49 | |
| 3128MJ2U3 | FHLM GOLD POOL FG G08786 4.50000 10/01/2047 | US | 199,231.88 | $205,751.44 | |
| 3128P75X7 | FHLM POOL C91762 4.50000 05/01/2034 | US | 118,488.29 | $123,021.85 | |
| 312941F69 | FHLM POOL A92889 4.50000 07/01/2040 | US | 155,528.73 | $161,781.41 | |
| 312941ZQ3 | FHLM POOL Q93451 4.50000 08/01/2040 | US | 157,159.41 | $163,474.97 | |
| 3132J8YK0 | FHLM POOL Q17513 3.50000 04/01/2043 | US | 226,769.76 | $224,363.07 | |
| 3132M45M3 | FHLM POOL Q24752 3.50000 02/01/2044 | US | 181,720.04 | $179,772.63 | |
| 3132QUNJ8 | FHLM POOL Q37592 4.00000 12/01/2045 | US | 230,592.55 | $232,190.93 | |
| 3132WF3E7 | FHLM POOL Q42596 3.50000 08/01/2046 | US | 267,385.57 | $263,054.87 | |
| 3132WKQ84 | FHLM POOL Q45878 3.00000 12/01/2046 | US | 320,469.79 | $305,820.75 | |
| 3132XYDL8 | FHLM POOL Q55506 4.50000 04/01/2048 | US | 713,396.89 | $733,877.98 | |
| 31335AFY9 | FHLM POOL G60183 4.00000 12/01/2044 | US | 122,396.26 | $123,336.94 | |
| 31335ALP1 | FHLM POOL G60334 4.50000 10/01/2041 | US | 129,514.44 | $134,715.46 | |
| 31335AV54 | FHLM POOL G60636 4.00000 01/01/2046 | US | 178,536.16 | $179,849.63 | |
| 3136B1YD0 | FNR 2018-31 KP 3.50000 07/25/2047 | US | 320,334.72 | $318,640.66 | |
| 313747206 | FEDERAL RLTY INVT TR SH BEN INT | US | FRT | 104.02 | $13,739.87 |
| 3137F4YU0 | FHR 4791 BA MTGE 4.00000 03/15/2044 | US | 394,585.9 | $402,441.43 | |
| 3137FG2L8 | FHR 4801 BA MTGE 4.50000 05/15/2044 | US | 411,233.25 | $424,780.06 | |
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| 3138EHR87 | FEDERAL NATL MTG ASSN AL1410 4.50000 12/01/2041 | US | 136,947.07 | $142,222.62 | |
| 3138EHXZ0 | FEDERAL NATL MTG ASSN AL1595 6.00000 01/01/2040 | US | 63,334.55 | $69,177.19 | |
| 3138EQST0 | FEDERAL NATL MTG ASSN AL7729 4.00000 06/01/2043 | US | 76,599.97 | $77,605.97 | |
| 3138ETT89 | FEDERAL NATL MTG ASSN AL8674 FLT 5.65400 01/01/2049 | US | 154,244.17 | $164,888.45 | |
| 3138WDAY7 | FEDERAL NATL MTG ASSN FN AS3622 3.50000 10/01/2044 | US | 651,931.17 | $641,960.57 | |
| 3138WDRZ6 | FEDERAL NATL MTG ASSN AS4103 4.50000 12/01/2044 | US | 112,646.17 | $116,841.98 | |
| 3138WHU26 | FEDERAL NATL MTGE ASSN FN AS7800 3.00000 08/01/2046 | US | 548,869.94 | $523,930.68 | |
| 3138YTGK4 | FEDERAL NATL MTG ASSN AZ2001 3.50000 05/01/2045 | US | 301,315.56 | $296,754.33 | |
| 3140E2GZ8 | FEDERAL NATL MTG ASSN AZ9215 4.00000 10/01/2045 | US | 108,943.52 | $109,897.22 | |
| 3140EWKL8 | FEDERAL NATL MTG ASSN BC2098 4.00000 06/01/2046 | US | 121,976.81 | $122,787.20 | |
| 3140EX2Y8 | FEDERAL NATL MTG ASSN BC3490 3.50000 02/01/2046 | US | 252,318.03 | $248,458.33 | |
| 3140F2QS2 | FEDERAL NATL MTG ASSN BC6764 3.50000 04/01/2046 | US | 192,477.74 | $189,453.89 | |
| 3140FEX33 | FEDERAL NATL MTG ASSN BD6997 4.00000 10/01/2046 | US | 96,435.9 | $97,044.29 | |
| 3140FEXR0 | FEDERAL NATL MTG ASSN BD6987 4.00000 10/01/2046 | US | 140,654.66 | $141,538.39 | |
| 3140FTWF4 | FEDERAL NATL MTG ASSN BE7845 4.50000 02/01/2047 | US | 131,946.28 | $136,656.48 | |
| 3140H2PH5 | FEDERAL NATL MATG ASSN FN BJ1323 3.50000 11/01/2047 | US | 608,035.4 | $597,221.72 | |
| 3140HPMQ7 | FEDERAL NATIONAL MTGE FN BK9366 4.50000 08/01/2048 | US | 144,731.6 | $148,933.23 | |
| 3140J8YU1 | FEDERAL NATL MTGE ASSN FN BM4322 4.00000 07/01/2048 | US | 615,160.96 | $619,565.38 | |
| 3140Q84E2 | FEDERAL NATL MTG ASSN FN CA1720 5.00000 05/01/2048 | US | 700,656.25 | $734,054.61 | |
| 3140Q9D42 | FEDERAL NATL MTG ASSN FN CA1922 5.00000 06/01/2048 | US | 713,399.59 | $747,370.61 | |
| 3140Q9JA2 | FEDERAL NATL MTGE ASSN FN CA2056 4.50000 07/01/2048 | US | 730,075.17 | $751,719.80 | |
| 3140Q9PD9 | FEDERAL NATL MTG ASSN FN CA2219 5.00000 08/01/2048 | US | 280,125.21 | $293,450.25 | |
| 31410GCD3 | FEDERAL NATL MTG ASSN 888468 5.50000 09/01/2021 | US | 16,606.79 | $16,885.41 | |
| 31410GN33 | FEDERAL NATL MTG ASSN 888810 5.50000 11/01/2022 | US | 19,777.7 | $20,105.56 | |
| 31410HAQ4 | MACYS RETAIL HLDGS INC 6.90000 04/01/2029 | US | 366,543.09 | $384,878.92 | |
| 31410LC75 | FEDERAL NATL MTG ASSN 890294 5.50000 01/01/2039 | US | 85,533.99 | $92,016.92 | |
| 31410LD74 | FHLM POOL 890326 5.50000 01/01/2040 | US | 90,109.3 | $96,973.56 | |
| 31416BRR1 | FEDERAL NATL MTG ASSN 995196 6.00000 07/01/2038 | US | 67,515.99 | $73,859.74 | |
| 31417YJC2 | FEDERAL NATL MTG ASSN MA0258 4.50000 12/01/2039 | US | 108,452.29 | $112,772.42 | |
| 31418BBC9 | FEDERAL NATL MTG ASSN MA1834 4.50000 02/01/2034 | US | 89,568.83 | $92,992.60 | |
| 31418BDH6 | FEDERAL NATL MTG ASSN MA1903 4.50000 05/01/2034 | US | 87,275.7 | $90,614.14 | |
| 31418C4M3 | FEDERAL NATL MTG ASSN FN MA3527 5.00000 11/01/2048 | US | 613,565.2 | $642,720.42 | |
| 31418CAF1 | FEDERAL NATL MTG ASSN FN MA2705 3.00000 08/01/2046 | US | 321,690.57 | $307,074.04 | |
| 31418CQA5 | FEDERAL NATL MTGE ASSN FN MA3148 3.50000 10/01/2047 | US | 710,727.94 | $697,352.41 | |
| 31418CRE6 | FEDERAL NATL MTG ASSN FN MA3184 4.50000 11/01/2047 | US | 481,589.48 | $495,588.17 | |
| 31418CV43 | FEDERAL NATL MTG ASSN FN MA3334 4.50000 04/01/2048 | US | 502,057.19 | $516,631.07 | |
| 31418CZ56 | FEDERAL NATL MTG ASSN FN MA3463 4.00000 09/01/2033 | US | 358,200.69 | $365,862.62 | |
| 31418MKV3 | FEDERAL NATL MTG ASSN AD0307 5.50000 01/01/2039 | US | 44,578.35 | $47,937.26 | |
| 31419AU62 | FEDERAL NATL MTG ASSN AE0604 6.00000 07/01/2039 | US | 49,470.19 | $54,117.40 | |
| 31428X106 | FEDEX CORPORATION | US | FDX | 1,050.1 | $240,472.08 |
| 316773100 | FIFTH THIRD BANCORP | US | FITB | 782.62 | $21,858.55 |
| 32054K103 | FIRST INDUSTRIAL REALTY TR | US | FR | 658.79 | $21,120.71 |
| 336130AB5 | FIRST QUALITY FINANCE CO 5.00000 07/01/2025 | US | 34,672.99 | $31,725.79 | |
| 34960PAB7 | FORTRESS TRANS & INFRAST 6.50000 10/01/2025 | US | 34,672.99 | $33,546.12 | |
| 35802XAD5 | FRESENIUS MED CARE II 5.62500 07/31/2019 | US | 1,411,686.21 | $1,429,587.71 | |
| 36143WAN1 | GAHR 2015-NRF BFX FLT 3.49490 12/15/2034 | US | 302,150.38 | $300,438.91 | |
| 36143WAS0 | GAHR 2015-NRF DFX FLT 3.49490 12/15/2034 | US | 1,277,947.51 | $1,269,430.76 | |
| 36246MAT6 | GTP AQUISITION PARTNERS 2.35000 06/15/2020 | US | 94,112.41 | $92,220.98 | |
| 36251MAE1 | GMALT 2016-3 A4 1.78000 05/20/2020 | US | 222,897.82 | $221,907.69 | |
| 363576109 | ARTHUR J GALLAGHER & CO | US | AJG | 569.63 | $43,901.21 |
| 369604BQ5 | GENERAL ELECTRIC CO 5.00000 01/21/2021 | US | 634,020.47 | $504,046.28 | |
| 37045VAR1 | GENERAL MOTORS CO FLT 3.22706 09/10/2021 | US | 782,619.02 | $776,416.90 | |
| 37185LAF9 | GENESIS ENERGY LP/GENESI 5.62500 06/15/2024 | US | 29,719.71 | $26,004.75 | |
| 374297109 | GETTY REALTY CORP | US | GTY | 797.48 | $24,394.88 |
| 375558103 | GILEAD SCIENCES INC | US | GILD | 1,548.4 | $111,391.67 |
| 37953TAB1 | GLOBAL SHIP LEASE INC 9.87500 11/15/2022 | MH | 44,579.56 | $43,297.90 | |
| 38378HVC7 | GNR 2012-113 PY 2.50000 09/20/2042 | US | 247,664.25 | $220,550.81 | |
| 38379RRX3 | GNR 2017-54 AH MTGE 2.60000 12/16/2056 | US | 319,740.78 | $298,275.78 | |
| 388689101 | GRAPHIC PACKAGING HOLDING CO | US | GPK | 9,683.67 | $116,107.23 |
| 39807UAB2 | GREYSTAR REAL ESTATE PAR 5.75000 12/01/2025 | US | 39,626.28 | $37,644.97 | |
| 40414L109 | HCP INC | US | HCP | 1,401.78 | $41,016.07 |
| 421946104 | HEALTHCARE REALTY TRUST INC | US | HR | 2,199.26 | $68,177.01 |
| 42225P501 | HEALTHCARE TRUST OF AMERICA | US | HTA | 3,001.69 | $84,407.54 |
| 42809H107 | HESS CORP | US | HES | 1,708.88 | $92,091.72 |
| 437076102 | HOME DEPOT INC | US | HD | 1,027.31 | $185,244.77 |
| 438128308 | HONDA MOTOR CO LTD -SPONS ADR | JP | HMC | 2,378.57 | $67,004.24 |
| 438516106 | HONEYWELL INTERNATIONAL INC | US | HON | 827.2 | $121,391.39 |
| 44107P104 | HOST MARRIOTT CORP | US | HST | 2,417.2 | $45,926.86 |
| 444454AD4 | HUGHES SATELLITE SYSTEMS 5.25000 08/01/2026 | US | 60,430.08 | $56,351.05 | |
| 446150104 | HUNTINGTON BANCSHARES | US | HBAN | 1,466.17 | $21,391.45 |
| 45031UCD1 | ISTAR INC 5.25000 09/15/2022 | US | 33,682.34 | $32,166.63 | |
| 45337C102 | INCYTE CORP | US | INCY | 7,316 | $470,053.12 |
| 45378A106 | INDEPENDENCE REALTY TRUST IN | US | IRT | 2,313.18 | $23,363.16 |
| 45763PAE6 | INMARSAT FINANCE PLC 4.87500 05/15/2022 | GB | 99,065.7 | $95,350.74 | |
| 458140100 | INTEL CORP | US | INTC | 8,556.3 | $421,911.37 |
| 45866F104 | INTERCONTINENTALEXCHANGE INC | US | ICE | 2,952.16 | $241,250.34 |
| 459200101 | INTERNATIONAL BUSINESS MACH CORP | US | IBM | 922.3 | $114,614.43 |
| 459745GH2 | INTL LEASE FINANCE CORP 6.25000 05/15/2019 | US | 709,310.4 | $716,842.60 | |
| 46187BAA1 | IHSFR 2017-SFR2 A 3.15250 12/17/2036 | US | 77,795.89 | $77,699.19 | |
| 46187BAB9 | IHSFR 2017-SFR2 B 3.45250 12/17/2036 | US | 59,439.42 | $59,827.52 | |
| 46187W107 | INVITATION HOMES INC | US | INVH | 2,156.66 | $46,281.93 |
| 464287739 | ISHARES DJ US REAL ESTATE | US | 19.81 | $1,620.32 | |
| 464288513 | ISHARES IBOXX H/Y CORP BOND 4.46500 | US | 7,043.57 | $588,842.55 | |
| 466032109 | J&J SNACK FOODS CORP | US | JJSF | 520.09 | $81,587.29 |
| 46625H100 | JP MORGAN CHASE & CO | US | JPM | 4,096.37 | $455,475.01 |
| 46625HHL7 | JPMORGAN CHASE & CO 6.30000 04/23/2019 | US | 1,149,162.11 | $1,163,078.22 | |
| 46640BAC8 | JPMMT 2013-2 A2 3.50000 05/25/2043 | US | 85,573.51 | $82,655.28 | |
| 46641YAA1 | JPMMT 2014-2 1A1 3.00000 06/25/2029 | US | 111,829.97 | $110,117.63 | |
| 46647PAY2 | JPMORGAN CHASE & CO 4.02300 12/05/2024 | US | 653,833.61 | $651,871.33 | |
| 46647SAE0 | JPMMT 2017-3 1A3 3.50000 08/25/2047 | US | 322,474.6 | $310,864.87 | |
| 46647SAJ9 | JPMMT 2017-3 1A5 3.50000 08/25/2047 | US | 409,583.04 | $400,965.01 | |
| 46648HAE3 | JPMMT 2017-2 A5 3.50000 05/25/2047 | US | 321,272 | $314,997.08 | |
| 46648HAF0 | JPMMT 2017-2 A6 3.00000 05/25/2047 | US | 345,069.93 | $332,709.52 | |
| 46649HAC6 | JPMMT 2017-6 A3 3.50000 12/25/2048 | US | 225,806.94 | $217,683.08 | |
| 46649HAE2 | JPMMT 2017-6 A5 3.50000 12/25/2048 | US | 264,411.14 | $258,689.02 | |
| 4741844 | MERCK KGAA | DE | MRK GR | 4,433.19 | $490,747.49 |
| 476405105 | JERNIGAN CAPITAL INC | US | JCAP | 3,170.1 | $67,776.79 |
| 478160104 | JOHNSON & JOHNSON | US | JNJ | 8,016.4 | $1,177,608.62 |
| 47987LAA9 | JONAH NRG LLC/FINANCE 7.25000 10/15/2025 | US | 54,486.13 | $40,319.74 | |
| 485170302 | KANSAS CITY SOUTHERN | US | KSU | 990.66 | $102,087.20 |
| 493267108 | KEYCORP | US | KEY | 2,991.78 | $54,869.32 |
| 49446R109 | KIMCO REALTY CORP | US | KIM | 1,198.7 | $19,598.66 |
| 494550AW6 | KINDER MORGAN ENER PART 6.95000 01/15/2038 | US | 1,000,563.56 | $1,110,678.93 | |
| 500472303 | KONINKLIJKE PHILIPS NVR - NY ADR | NL | PHG | 1,373.05 | $52,107.27 |
| 500630CK2 | KOREA DEVELOPMENT BANK 1.37500 09/12/2019 | KR | 594,394.19 | $586,630.67 | |
| 500754106 | KRAFT HEINZ CO/THE | US | KHC | 1,273.98 | $65,126.11 |
| 50187TAE6 | LGI HOMES INC 6.87500 07/15/2026 | US | 49,532.85 | $44,765.31 | |
| 50212YAB0 | LPL HOLDINGS INC 5.75000 09/15/2025 | US | 29,719.71 | $28,159.42 | |
| 502160AM6 | LSB INDUSTRIES 9.62500 05/01/2023 | US | 44,579.56 | $45,582.60 | |
| 505742AD8 | LADDER CAP FIN LLLP/CORP 5.87500 08/01/2021 | US | 29,719.71 | $29,719.71 | |
| 529043101 | LEXINGTON REALTY TRUST | US | LXP | 2,367.67 | $20,788.14 |
| 531172104 | LIBERTY PROPERTY TRUST | US | LPT | 1,005.52 | $45,539.86 |
| 532457108 | ELI LILLY & CO | US | LLY | 1,834.7 | $217,668.42 |
| 534187109 | LINCOLN NATL CORP IND | US | LNC | 480.47 | $30,255.11 |
| 53815P108 | LIVERAMP HOLDINGS INC | US | RAMP | 7,543.85 | $356,824.25 |
| 539830109 | LOCKHEED MARTIN CORP | US | LMT | 303.14 | $91,072.66 |
| 550021109 | LULULEMON - ADR | CA | LULU | 3,705.06 | $491,105.32 |
| 554382101 | THE MACERICH CO | US | MAC | 178.32 | $8,967.63 |
| 55616XAC1 | MACYS RETAIL HLDGS INC 7.00000 02/15/2028 | US | 366,543.09 | $387,784.74 | |
| 55933JAB0 | MAGNACHIP SEMICONDUCTOR 6.62500 07/15/2021 | US | 38,635.62 | $36,510.66 | |
| 56585A102 | MARATHON PETROLEUM CORP | US | MPC | 775.68 | $50,543.60 |
| 5671735 | SANOFI-AVENTIS | FR | SAN FP | 1,094.68 | $99,244.14 |
| 57636Q104 | MASTERCARD INC-CLASS A | US | MA | 3,665.43 | $737,008.18 |
| 580135101 | MCDONALDS CORP | US | MCD | 805.4 | $151,826.73 |
| 58502BAC0 | MEDNAX INC 6.25000 01/15/2027 | US | 29,719.71 | $29,600.83 | |
| 58933Y105 | MERCK & CO INC | US | MRK | 8,499.84 | $674,377.06 |
| 59001ABA9 | MERITAGE HOMES CORP 5.12500 06/06/2027 | US | 29,719.71 | $26,153.34 | |
| 594918104 | MICROSOFT CORP | US | MSFT | 7,008.9 | $777,216.72 |
| 59522J103 | MID-AMERICA APARTMENT COMM | US | MAA | 421.03 | $43,601.79 |
| 60871R209 | MOLSON COORS BREWING CO -B | US | TAP | 530 | $34,858.20 |
| 609207105 | MONDELEZ INTERNATIONAL INC | US | MDLZ | 14,042.56 | $631,634.47 |
| 61744YAG3 | MORGAN STANLEY FLT 3.81125 05/08/2024 | US | 1,149,162.11 | $1,141,710.74 | |
| 62426EAA3 | MOUNTAIN PROVINCE DIAMON 8.00000 12/15/2022 | CA | 64,392.7 | $64,553.69 | |
| 624758108 | MUELLER WATER PRODUCTS INC - A | US | MWA | 4,403.47 | $46,368.54 |
| 62913TAM4 | NGL ENRGY PART LP/FIN CO 6.12500 03/01/2025 | US | 39,626.28 | $35,267.39 | |
| 637417106 | NATIONAL RETAIL PROPERTIES | US | NNN | 421.03 | $21,076.72 |
| 637870106 | NATIONAL STORAGE AFFILIATES | US | NSA | 391.31 | $10,944.93 |
| 63938CAE8 | NAVIENT CORP 7.25000 09/25/2023 | US | 29,719.71 | $29,868.31 | |
| 64829DAG1 | NRZT 2014-3A AFX3 3.75000 11/25/2054 | US | 96,036.94 | $95,959.73 | |
| 64829EAA2 | NRZT 2015-2A A1 3.75000 08/25/2055 | US | 106,534.79 | $106,251.09 | |
| 64829LAA6 | NRZT 2016-4A A1 3.75000 11/25/2056 | US | 139,542.83 | $138,922.84 | |
| 651229106 | NEWELL BRANDS INC | US | NWL | 4,086.46 | $95,623.17 |
| 66727WAA0 | NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 | CA | 64,392.7 | $63,748.78 | |
| 66987V109 | NOVARTIS AG- REG | CH | NVS | 10,025.45 | $917,629.32 |
| 67103H107 | O'REILLY AUTOMOTIVE INC | US | ORLY | 193.18 | $66,990.31 |
| 680223104 | OLD REPUBLIC INTL CORP | US | ORI | 1,743.56 | $39,317.19 |
| 68323ADY7 | ONTARIO (PROVINCE OF) 1.25000 06/17/2019 | CA | 204,075.34 | $202,350.64 | |
| 69145LAA2 | OXFORD FIN LLC/CO-ISS II 6.37500 12/15/2022 | US | 44,579.56 | $44,245.22 | |
| 693475105 | PNC FINANCIAL SERVICES GROUP | US | PNC | 267.48 | $36,318.08 |
| 70014LAC4 | PARK AEROSPACE HOLDINGS 4.50000 03/15/2023 | KY | 43,588.91 | $42,390.21 | |
| 70338P100 | PATTERN ENERGY GROUP INC -A | US | PEGI | 1,788.14 | $36,996.53 |
| 7123870 | NESTLE SA-REGISTERED | CH | NESN SW | 5,522.91 | $471,176.25 |
| 713448108 | PEPSICO INC | US | PEP | 6,041.03 | $736,642.75 |
| 717081103 | PFIZER INC | US | PFE | 5,154.39 | $238,287.37 |
| 71943U104 | PHYSICIANS REALTY TRUST | US | DOC | 4,869.08 | $86,718.30 |
| 729640102 | PLYMOUTH INDUSTRIAL REIT INC | US | 1,798.04 | $22,673.32 | |
| 733174AK2 | POPULAR INC 6.12500 09/14/2023 | PR | 39,626.28 | $39,576.75 | |
| 741503AZ9 | PRICELINE GROUP INC/THE 3.60000 06/01/2026 | US | 1,208,601.53 | $1,147,211.55 | |
| 74251V102 | PRINCIPAL FINANCIAL GROUP | US | PFG | 525.05 | $25,895.38 |
| 74333KAA6 | PROG 2017-SFR2 A 2.89700 12/17/2034 | US | 148,598.55 | $143,642.64 | |
| 74340W103 | PROLOGIS | US | PLD | 1,550.38 | $104,402.47 |
| 744320AL6 | PRUDENTIAL FINANCIAL INC 5.87500 09/15/2042 | US | 733,086.17 | $750,958.81 | |
| 74460D109 | PUBLIC STORAGE INC | US | PSA | 317.01 | $67,605.60 |
| 74736K101 | QORVO INC | US | QRVO | 12,720.04 | $837,105.55 |
| 756109104 | REALTY INCOME CORP | US | O | 212.99 | $13,650.61 |
| 75886F107 | REGENERON PHARMACEUTICALS INC | US | REGN | 683.55 | $249,941.27 |
| 7591EP100 | REGIONS FINANCIAL CORP. | US | RF | 2,293.37 | $37,725.95 |
| 767204100 | RIO TINTO PLC - SPON ADR | GB | RIO | 1,522.64 | $71,198.64 |
| 77340RAK3 | ROCKIES EXPRESS PIPELINE 5.62500 04/15/2020 | US | 44,579.56 | $45,025.36 | |
| 780259107 | ROYAL DUTCH SHELL PLC-ADR B | NL | RDS/B | 936.17 | $58,070.68 |
| 78410G104 | SBA COMMUNICATIONS CORP | US | SBAC | 1,476.08 | $252,129.04 |
| 78442PGC4 | SLM CORP 5.12500 04/05/2022 | US | 39,626.28 | $38,833.75 | |
| 78470NAB2 | SOFI 2015-D A2 2.72000 10/27/2036 | US | 97,758.65 | $95,399.93 | |
| 78470RAC1 | SOFI 2016-E A2B 2.49000 01/25/2036 | US | 277,383.96 | $271,680.56 | |
| 78490DAA2 | SOFI 2018-C A1FX 3.08000 01/25/2048 | US | 407,398.25 | $406,390.75 | |
| 785592AV8 | SABINE PASS LIQUEFACTION 5.87500 06/30/2026 | US | 1,089,722.69 | $1,147,109.77 | |
| 80105N105 | SANOFI-AVENTIS-ADR | FR | SNY | 2,798.61 | $126,916.78 |
| 80282KAE6 | SANTANDER HOLDINGS USA 4.50000 07/17/2025 | US | 782,619.02 | $757,687.78 | |
| 806857108 | SCHLUMBERGER LTD | NL | SLB | 4,923.57 | $222,052.79 |
| 808513105 | CHARLES SCHWAB CORP/THE | US | SCHW | 5,027.58 | $225,235.77 |
| 81211K100 | SEALED AIR CORP | US | SEE | 11,491.62 | $419,788.92 |
| 812578102 | SEATTLE GENETICS INC | US | SGEN | 5,716.09 | $357,712.96 |
| 81745EAA7 | SEMT 2013-8 A1 3.00000 06/25/2043 | US | 118,550.93 | $111,854.70 | |
| 81762P102 | SERVICENOW INC | US | NOW | 1,426.55 | $264,296.19 |
| 81783QAC9 | SEVEN GENERATIONS ENERGY 5.37500 09/30/2025 | CA | 23,775.77 | $22,111.46 | |
| 822538AE4 | SHELF DRILL HOLD LTD 8.25000 02/15/2025 | KY | 29,719.71 | $27,862.23 | |
| 828806109 | SIMON PROPERTY GROUP INC | US | SPG | 767.76 | $142,565.20 |
| 831641FC4 | SBIC 2015-10A 1 2.51700 03/10/2025 | US | 103,509.08 | $100,603.39 | |
| 831641FE0 | SBIC 2015-10B 1 2.82900 09/10/2025 | US | 472,899.66 | $463,775.44 | |
| 83401BAA4 | SOFI 2017-F A1FX 2.05000 01/25/2041 | US | 62,565.9 | $61,936.84 | |
| 83401BAB2 | SOFI 2017-F A2FX 2.84000 01/25/2041 | US | 74,299.27 | $71,663.84 | |
| 83402JAC2 | SOFI 2016-B A2B 2.74000 10/25/2032 | US | 84,121 | $82,912.31 | |
| 83404FAB0 | SOFI 2017-A A2A 1.55000 03/26/2040 | US | 39,453.83 | $39,154.70 | |
| 83404YAA1 | SCLP 2016-5 A 3.06000 09/25/2028 | US | 170,434.01 | $169,472.62 | |
| 83405LAA8 | SCLP 2017-5 A1 2.14000 09/25/2026 | US | 89,518.36 | $89,022.66 | |
| 83406EAB1 | SOFI 2018-A A2A 2.39000 02/25/2042 | US | 125,105.33 | $123,769.36 | |
| 835495102 | SONOCO PRODUCTS CO | US | SON | 2,496.46 | $143,646.06 |
| 84265VAD7 | SOUTHERN COPPER CORP 5.37500 04/16/2020 | US | 762,805.88 | $775,823.92 | |
| 844741108 | SOUTHWEST AIRLS CO | US | LUV | 807.39 | $44,091.32 |
| 845467AL3 | SOUTHWESTERN ENERGY CO 6.20000 01/23/2025 | US | 49,532.85 | $47,489.62 | |
| 85254J102 | STAG INDUSTRIAL INC | US | STAG | 2,243.84 | $60,112.42 |
| 85571XAA5 | SRPT 2014-STAR A FLTG RATE 3.52650 11/15/2027 | US | 256,753.97 | $256,786.14 | |
| 862121100 | STORE CAPITAL CORP | US | STOR | 435.89 | $13,059.24 |
| 866674104 | SUN COMMUNITIES | US | SUI | 520.09 | $54,141.88 |
| 867892101 | SUNSTONE HOTEL INVESTORS INC | US | SHO | 1,803 | $27,513.71 |
| 867914103 | SUNTRUST BANKS INC | US | STI | 579.53 | $36,331.01 |
| 874039100 | TAIWAN SEMICONDUCTOR - SP ADR | TW | TSM | 4,795.77 | $180,273.01 |
| 87612E106 | TARGET CORP | US | TGT | 902.49 | $64,040.59 |
| 87854WAA1 | TECHNIPLAS LLC 10.00000 05/01/2020 | US | 34,672.99 | $32,159.20 | |
| 88104LAE3 | TERRAFORM POWER OPERATIN 5.00000 01/31/2028 | US | 24,766.42 | $22,173.38 | |
| 882508104 | TEXAS INSTRUMENTS INC | US | TXN | 1,137.27 | $113,556.83 |
| 88579Y101 | 3M CO | US | MMM | 828.19 | $172,197.11 |
| 88650V208 | TIER REIT INC | US | TIER | 2,025.89 | $47,689.53 |
| 89173CAA5 | TPMT 2016-5 A1 2.50000 10/25/2056 | US | 226,526.66 | $219,943.84 | |
| 89613BAA5 | TAH 2016-SFR1 A 2.58900 11/17/2033 | US | 217,998.01 | $209,427.12 | |
| 89613FAA6 | TAH 2017-SFR2 A 2.92800 01/17/2036 | US | 197,920.27 | $188,272.81 | |
| 901109AF5 | TUTOR PERINI CORP 6.87500 05/01/2025 | US | 35,663.65 | $34,237.11 | |
| 902653104 | UDR INC | US | UDR | 1,302.71 | $55,521.67 |
| 902973304 | U.S. BANCORP | US | USB | 1,895.13 | $103,208.61 |
| 903002103 | UMH PROPERTIES INC | US | UMH | 990.66 | $12,908.26 |
| 904767704 | UNILEVER PLC - ADR | GB | UL | 10,363.26 | $562,621.53 |
| 907818108 | UNION PAC CORP | US | UNP | 849.98 | $130,710.49 |
| 911312106 | UNITED PARCEL SERVICE | US | UPS | 974.81 | $112,385.44 |
| 912810FM5 | UNITED STATES TREAS BOND 6.25000 05/15/2030 | US | 999,572.9 | $1,307,253.93 | |
| 912810PT9 | UNITED STATES TREAS BOND 4.75000 02/15/2037 | US | 1,489,948.11 | $1,821,810.78 | |
| 912810QV3 | UNITED STATES TREAS INFL INDEX 0.75000 02/15/2042 | US | 722,038.59 | $647,211.70 | |
| 912810RK6 | US TREASURY N/B 2.50000 02/15/2045 | US | 1,532,546.36 | $1,313,380.26 | |
| 912828D23 | US TREASURY N/B 1.62500 04/30/2019 | US | 7,529,983.77 | $7,502,334.57 | |
| 912828K33 | UNITED STATES TREAS INFL INDEX 0.12500 04/15/2020 | US | 6,433,341.01 | $6,308,108.64 | |
| 912828R28 | US TREASURY N/B 1.62500 04/30/2023 | US | 2,640,100.87 | $2,505,208.22 | |
| 912828R36 | US TREASURY N/B 1.62500 05/15/2026 | US | 2,808,512.56 | $2,561,122.09 | |
| 912828UH1 | UNITED STATES TREAS INFL INDEX 0.12500 01/15/2023 | US | 707,156.08 | $681,091.76 | |
| 912828XB1 | UNITED STATES TREAS NTS 2.12500 05/15/2025 | US | 2,699,540.29 | $2,572,999.35 | |
| 912828XQ8 | US TREASURY N/B 2.00000 07/31/2022 | US | 7,187,216.45 | $6,974,126.69 | |
| 913017109 | UNITED TECHNOLOGIES CORP | US | UTX | 876.73 | $106,820.96 |
| 91704F104 | URBAN EDGE PROPERTIES | US | UE | 2,184.4 | $43,556.91 |
| 91913Y100 | VALERO ENERGY | US | VLO | 653.83 | $52,241.31 |
| 92276F100 | VENTAS INC | US | VTR | 421.03 | $26,731.15 |
| 92339V100 | VEREIT INC | US | VER | 4,680.85 | $35,808.54 |
| 92343V104 | VERIZON COMMUNICATIONS | US | VZ | 1,931.78 | $116,486.40 |
| 92343VDV3 | VERIZON COMMUNICATIONS 5.50000 03/16/2047 | US | 1,069,909.55 | $1,116,099.82 | |
| 92532F100 | VERTEX PHARMACEUTICALS INC | US | VRTX | 1,020.38 | $184,473.90 |
| 92826C839 | VISA INC - CLASS A SHARES | US | V | 4,586.74 | $649,987.19 |
| 929042109 | VORNADO REALTY TRUST | US | VNO | 723.18 | $52,040.00 |
| 92922PAL0 | W & T OFFSHORE INC 9.75000 11/01/2023 | US | 39,626.28 | $35,861.78 | |
| 92935JBC8 | WF-RBS COMMERCIAL MORTGAGE T FLT 4.86900 02/15/2044 | US | 342,921.25 | $352,313.52 | |
| 92960PAA7 | W/S PACKAGING HOLDINGS 9.00000 04/15/2023 | US | 44,579.56 | $45,248.26 | |
| 931142103 | WAL MART STORES | US | WMT | 2,481.6 | $242,327.83 |
| 931427108 | WALGREENS BOOTS ALLIANCE INC | US | WBA | 967.87 | $81,949.71 |
| 94106L109 | WASTE MANAGEMENT INC | US | WM | 1,411.69 | $132,345.58 |
| 94856UAA9 | WEEKLEY HOMES LLC/ FINAN 6.62500 08/15/2025 | US | 34,672.99 | $32,159.20 | |
| 948741103 | WEINGARTEN REALTY INVESTORS | US | WRI | 1,124.4 | $32,450.06 |
| 949746101 | WELLS FARGO COMPANY | US | WFC | 6,471.96 | $351,298.10 |
| 95040Q104 | WELLTOWER INC. | US | WELL | 505.24 | $36,543.65 |
| 962178AL3 | TRI POINTE HOLDINGS INC 4.37500 06/15/2019 | US | 49,532.85 | $49,270.33 | |
| 962178AN9 | TRI POINTE GROUP / HOMES 5.87500 06/15/2024 | US | 39,626.28 | $35,513.07 | |
| 96949LAD7 | WILLIAMS PARTNERS LP 3.75000 06/15/2027 | US | 614,207.33 | $567,778.13 | |
| 97651JAE6 | WINWATER MORTGAGE LOAN TRUST 3.50000 03/20/2045 | US | 97,752.25 | $97,368.36 | |
| 97652TAA1 | WIN 2015-1 A1 3.50000 01/20/2045 | US | 118,161.39 | $115,376.57 | |
| 98161FAD7 | WOLS 2016-A A3 1.45000 08/15/2019 | US | 32,601.09 | $32,554.22 | |
| 98919V105 | ZAYO GROUP HOLDINGS INC | US | ZAYO | 4,616.46 | $121,505.27 |
| B296BQ5 | STORAGEVAULT CANADA INC | CA | SVI CN | 3,378.14 | $6,432.61 |
| B29TNV3 | INNERGEX RENEWABLE ENERGY | CA | INE CN | 3,125.52 | $29,593.25 |
| B3FP8W8 | CANADA HOUSING TRUST 4.10000 12/15/2018 | CA | 26,747.74 | $20,142.59 | |
| B3ZD2V9 | MEX BONOS DESARR FIX RT 6.50000 06/10/2021 | MX | 272,430.67 | $12,728.93 | |
| B4888C1 | CANADIAN GOVERNMENT FLT 2.75000 06/01/2022 | CA | 32,691.68 | $25,052.51 | |
| B4NDCC9 | MEX BONOS DESARR FIX RT 6.50000 06/09/2022 | MX | 499,291.12 | $22,818.19 | |
| B4YN9R2 | SINGAPORE GOVERNMENT 2.50000 06/01/2019 | SG | 59,439.42 | $43,426.00 | |
| B615Y14 | MEX BONOS DESARR FIX RT 8.00000 06/11/2020 | MX | 726,151.57 | $35,408.26 | |
| B68XHC3 | NORTHLAND POWER INC | CA | NPI CN | 1,902.06 | $31,981.37 |
| B6TC406 | MEX BONOS DESARR FIX RT 7.75000 05/29/2031 | MX | 91,140.44 | $3,946.26 | |
| BBG00MBFLVG6 | QRVO US 12/21/18 C67.5 | US | -26.75 | -$4,279.64 | |
| BBG00MCR9B13 | BABA US 12/07/18 C165 | CN | -7.93 | -$1,743.56 | |
| BBG00MD5C001 | NOW US 12/07/18 C205 | US | -6.93 | -$69.35 | |
| BBG00MHMRQ16 | GOOG US 12/28/18 C1110 | US | -.99 | -$1,951.59 | |
| BD82246 | EAGLE BULK SHIPCO 8.25000 11/28/2022 | MH | 194,168.77 | $189,314.55 | |
| BF955D8 | TELENET FINANCE LUX NOTE 5.50000 03/01/2028 | LU | 198,131.4 | $181,290.23 | |
| BFYM460 | UNIBAIL-RODAMCO-WESTFIELD | FR | URW NA | 163.46 | $28,098.32 |
| BGHQ198 | HIBERNIA REIT PLC | IE | HBRN ID | 14,359.57 | $22,108.91 |
| BMMV2K8 | TENCENT HOLDINGS LTD | CN | 700 HK | 13,651.25 | $545,758.61 |
| BP9DL90 | INDUSTRIA DE DISENO TEXTIL | ES | ITX SM | 10,372.18 | $318,789.34 |
| BYYHL23 | ANHEUSER-BUSCH INBEV SA/NV | BE | ABI BB | 7,885.63 | $605,856.48 |
| G3157S106 | ENSCO INTERNATIONAL INC | US | ESV | 18,342.01 | $103,999.22 |
| G37585AC3 | GASLOG LTD 8.87500 03/22/2022 | BM | 59,439.42 | $61,519.80 | |
| G51502105 | JOHNSON CONTROLS INTERNATIONAL | US | JCI | 2,283.46 | $79,418.89 |
| G5960L103 | MEDTRONIC INC | IE | MDT | 8,748.49 | $853,240.41 |
| G96629103 | WILLIS TOWERS WATSON PLC | GB | WLTW | 232.8 | $37,120.66 |
| H1467J104 | CHUBB LTD | CH | CB | 366.54 | $49,021.47 |
| H8817H100 | TRANSOCEAN LTD | US | RIG | 11,769.01 | $109,216.37 |
| N47279109 | INTERXION HOLDING NV | NL | INXN | 6,865.25 | $427,499.30 |
| N53745100 | LYONDELLBASELL INDU-CL A | US | LYB | 558.73 | $52,135.15 |
| USD | US DOLLAR | US | 2,017,993.61 | $2,017,993.61 |
Based on the investments of the underlying fund(s): Manning & Napier Fund, Inc. Pro-Blend® Conservative Term Series through 10/15/2017, and Manning & Napier Fund, Inc. Blended Asset Conservative Series beginning 10/16/2017. Investments will change over time. Fund holdings list does not include securities with positions less than 0.005 shares.
Distributions
- Target Income Series Class I Distribution History
- 2018 Distribution Calendar
- Fourth Quarter 2017 Distributions
- Third Quarter 2018 Distributions
- Second Quarter 2018 Distributions
- First Quarter 2018 Distributions
- Tax Letter
- Target 2010 Merger into Target Income – 2015
- Fourth Quarter 2018 Distribution Estimates
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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