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Target Income Series
Target Income Series
Income Series
Pro-Blend® Conservative Term Series
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Pro-Blend® Moderate Term Series
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Target 2020 Series
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Target 2055 Series
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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
$10.34
Daily $ Change
$0.02
Daily % Change
0.19%
as of 06/24/2019
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 |
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 05/31/2019
YTD
6.40%
1 Year
4.45%
3 Year
4.54%
5 Year
2.70%
10 Year
5.48%
Inception
(03/28/2008)
4.75%
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 | 0.81% |
| Net | 0.65%* |
*Includes acquired fund fees and expenses of the underlying Series. Reflects the Advisor’s contractual agreement to limit its fees and reimburse certain expenses. The contractual waiver may not be amended or terminated without the prior approval of the Fund's Board of Directors.
Top Ten Investments
As of 05/31/2019
| TREASURY NOTES | 10.56% |
| GOVERNMENT AGENCY | 10.04% |
| UNITED STATES TREAS INFL INDEX 0.12500 04/15/2020 | 4.05% |
| TREASURY BILLS | 3.61% |
| TREASURY BONDS | 2.70% |
| FRESENIUS MED CARE II 5.62500 07/31/2019 | 1.87% |
| GAHR 2015-NRF DFX FLT 3.38216 12/15/2034 | 1.68% |
| EXPORT-IMPORT BANK KOREA 2.62500 12/30/2020 | 1.31% |
| SABINE PASS LIQUEFACTION 5.87500 06/30/2026 | 1.15% |
| MORGAN STANLEY FLT 3.77988 05/08/2024 | 1.14% |
Top Ten Investments list is unaudited and excludes cash.
Asset Allocation
As of 05/31/2019
| Bonds | 72.63% |
| Stocks | 26.09% |
| Cash | 1.28% |
Detailed Asset Class Allocation
As of 05/31/2019
| International Equities | 6.69% |
| Small Capitalization | 0.65% |
| Mid Capitalization | 1.41% |
| Large Capitalization | 17.35% |
| Long Term Fixed Income | 20.91% |
| Intermediate Term Fixed Income | 31.11% |
| Short Term Fixed Income | 20.60% |
| Cash | 1.28% |
Due to rounding, the sum of the detailed asset class allocation categories may not equal the asset allocation totals provided above.
May Fund Holdings
As of 05/31/2019
| CUSIP | Security Description | Country | Ticker | Shares/Par | Market Value (USD) |
|---|---|---|---|---|---|
| 00101JAM8 | ADT CORP 5.25000 03/15/2020 | US | 24,670.87 | $24,917.57 | |
| 00206R102 | AT&T INC | US | T | 592.1 | $18,106.44 |
| 00206RDQ2 | AT&T INC 4.25000 03/01/2027 | US | 513,154.01 | $534,769.71 | |
| 00254EML3 | SWEDISH EXPORT CREDIT 1.12500 08/28/2019 | SE | 497,364.66 | $495,927.27 | |
| 00287Y109 | ABBVIE INC | US | ABBV | 1,015.45 | $77,895.39 |
| 004239109 | ACADIA REALTY TRUST | US | AKR | 291.12 | $7,962.03 |
| 00507V109 | ACTIVISION INC | US | ATVI | 4,179.24 | $181,253.84 |
| 00774MAG0 | AERCAP IRELAND CAP / GLOBA 4.45000 10/01/2025 | IE | 523,022.36 | $539,608.47 | |
| 008492100 | AGREE REALTY CORP | US | ADC | 172.7 | $11,562.00 |
| 00928QAK7 | AIRCASTLE LTD 6.25000 12/01/2019 | BM | 601,969.13 | $611,706.51 | |
| 015271109 | ALEXANDRIA REAL EST EQUITIES | US | ARE | 69.08 | $10,113.77 |
| 020002101 | ALLSTATE CORPORATION | US | ALL | 276.31 | $26,390.72 |
| 02079K107 | ALPHABET INC-CL C | US | GOOG | 246.71 | $272,275.08 |
| 02079K305 | ALPHABET INC-CL A | US | GOOGL | 236.84 | $262,063.81 |
| 023135106 | AMAZON.COM INC | US | AMZN | 69.08 | $122,619.04 |
| 02319V103 | AMBEV SA-ADR | BR | ABEV | 32,812.25 | $146,670.76 |
| 0237400 | DIAGEO PLC | GB | DGE LN | 8,269.67 | $347,836.39 |
| 02376RAA0 | AMERICAN AIRLINES GROUP 5.50000 10/01/2019 | US | 93,749.29 | $94,100.85 | |
| 024835100 | AMERICAN CAMPUS COMMUNITIES | US | ACC | 281.25 | $13,027.40 |
| 02665T306 | AMERICAN HOMES 4 RENT- A | US | AMH | 1,870.05 | $45,647.96 |
| 026874784 | AMERICAN INTL GROUP INC | US | AIG | 513.15 | $26,206.78 |
| 02753GAA7 | AMERICAN MIDSTREAM PTR/F 9.50000 12/15/2021 | US | 39,473.39 | $38,289.18 | |
| 03019LAA4 | AMERICAN TANKER INC 9.25000 02/22/2022 | US | 19,736.69 | $19,929.36 | |
| 03027X100 | AMERICAN TOWER REIT INC | US | AMT | 720.39 | $150,395.67 |
| 03064D108 | AMERICOLD REALTY TRUST | US | COLD | 261.51 | $8,185.30 |
| 031162100 | AMGEN INC | US | AMGN | 442.1 | $73,698.39 |
| 03748R754 | APARTMENT INVT & MGMT CO -A | US | AIV | 512.17 | $25,582.75 |
| 03784Y200 | APPLE HOSPITALITY REIT INC | US | APLE | 483.55 | $7,466.00 |
| 03968AAA9 | ARD SECURITIES FINANCE 8.75000 01/31/2023 | LU | 4,934.17 | $4,736.81 | |
| 03990B101 | ARES MANAGEMENT CORP - A | US | ARES | 1,179.27 | $30,295.38 |
| 045086AF2 | ASHTON WOODS USA/FINANCE 6.75000 08/01/2025 | US | 9,868.35 | $9,226.90 | |
| 04621X108 | ASSURANT INC | US | AIZ | 177.63 | $17,755.92 |
| 053484101 | AVALONBAY COMMUNITIES INC | US | AVB | 439.14 | $89,150.10 |
| 055622104 | BP PLC-SPONS ADR | GB | BP | 1,756.57 | $71,527.35 |
| 060505104 | BANK OF AMERICA CORP | US | BAC | 7,610.47 | $202,438.47 |
| 06051GFM6 | BANK OF AMERICA CORP 4.00000 01/22/2025 | US | 769,731.02 | $794,507.26 | |
| 06759L103 | BARINGS BDC INC | US | BBDC | 1,872.03 | $18,533.05 |
| 084670702 | BERKSHIRE HATHAWAY INC-CL B | US | BRK/B | 1,741.76 | $343,858.88 |
| 088606108 | BHP GROUP LTD | AU | BHP | 1,416.11 | $73,510.15 |
| 09061G101 | BIOMARIN PHARMACEUTICAL INC | US | BMRN | 1,460.52 | $120,112.78 |
| 09247X101 | BLACKROCK INC | US | BLK | 241.77 | $100,471.81 |
| 0925288 | GLAXOSMITHKLINE PLC | GB | GSK LN | 927.62 | $17,908.76 |
| 09253U108 | BLACKSTONE GROUP LP/THE | US | BX | 1,376.63 | $52,105.61 |
| 097023105 | BOEING CO | US | BA | 303.95 | $103,830.67 |
| 09857L108 | BOOKING HOLDINGS INC | US | BKNG | 246.71 | $408,603.81 |
| 0989529 | ASTRAZENECA PLC | GB | AZN LN | 315.79 | $23,271.17 |
| 101121101 | BOSTON PROPERTIES INC | US | BXP | 365.13 | $47,769.80 |
| 105368203 | BRANDYWINE REALTY TRUST | US | BDN | 2,205.58 | $33,326.24 |
| 110122108 | BRISTOL MYERS SQUIBB CO | US | BMY | 1,692.42 | $76,785.16 |
| 11134LAB5 | BROADCOM CRP / CAYMN FI 2.37500 01/15/2020 | US | 552,627.4 | $551,123.11 | |
| 11135F101 | BROADCOM INC | US | AVGO | 228.95 | $57,611.88 |
| 11680JAA0 | BRUIN E&P PARTNERS LLC 8.87500 08/01/2023 | US | 19,736.69 | $17,713.68 | |
| 12503M108 | CBOE GLOBAL MARKETS INC | US | CBOE | 1,490.12 | $161,737.66 |
| 12555DAA3 | CIM 2019-INV1 A1 4.00000 02/25/2049 | US | 117,793.67 | $121,463.27 | |
| 12572Q105 | CME GROUP INC | US | CME | 759.86 | $145,984.82 |
| 125896100 | CMS ENERGY CORP | US | CMS | 878.28 | $49,280.45 |
| 12592BAB0 | CNH INDUSTRIAL CAPITAL L 3.37500 07/15/2019 | US | 779,599.36 | $778,624.86 | |
| 12646XAH5 | CSMC 2013-IVR3 A1 2.50000 05/25/2043 | US | 144,145.41 | $139,508.26 | |
| 126650100 | CVS HEALTH CORP | US | CVS | 897.03 | $46,977.60 |
| 12770QAA3 | CZR 2017-VICI A 3.53100 10/15/2034 | US | 256,577.01 | $264,496.16 | |
| 133131102 | CAMDEN PROPERTY TRUST | US | CPT | 83.88 | $8,669.93 |
| 149123101 | CATERPILLAR INC | US | CAT | 374.01 | $44,810.18 |
| 14980AAA0 | CAZENOVIA CREEK FUNDING LLC 3.56070 07/15/2030 | US | 260,935.63 | $261,351.27 | |
| 156504AH5 | CENTURY COMMUNITIES 5.87500 07/15/2025 | US | 41,447.05 | $40,410.88 | |
| 156504AJ1 | CENTURY COMMUNITIES 6.75000 06/01/2027 | US | 14,802.52 | $14,576.04 | |
| 165240102 | CHESAPEAKE LODGING TRUST | US | CHSP | 419.4 | $12,066.27 |
| 166764100 | CHEVRON CORP | US | CVX | 1,321.37 | $150,438.15 |
| 16941R108 | CHINA PETROLEUM & CHEM-ADR | CN | SNP | 899.99 | $59,498.55 |
| 17275R102 | CISCO SYSTEMS INC | US | CSCO | 2,207.55 | $114,858.78 |
| 172967424 | CITIGROUP INC | US | C | 2,506.56 | $155,782.70 |
| 172967EW7 | CITIGROUP INC 8.12500 07/15/2039 | US | 266,445.35 | $411,665.90 | |
| 191216100 | COCA COLA CO/THE | US | KO | 5,802.59 | $285,081.13 |
| 194162103 | COLGATE-PALMOLIVE CO | US | CL | 1,337.16 | $93,093.14 |
| 20369C106 | COMMUNITY HEALTHCARE TRUST I | US | CHCT | 1,243.41 | $48,654.70 |
| 2099084 | BORALEX INC -A | CA | BLX CN | 1,169.4 | $15,971.52 |
| 21036PAM0 | CONSTELLATION BRANDS INC 3.87500 11/15/2019 | US | 276,313.7 | $277,633.16 | |
| 222795106 | COUSINS PROPERTIES INC | US | CUZ | 3,779.58 | $34,205.17 |
| 22282E102 | COVANTA HOLDING CORP | US | CVA | 3,266.42 | $55,071.89 |
| 22546QAD9 | CREDIT SUISSE AG 5.40000 01/14/2020 | CH | 542,759.05 | $551,102.87 | |
| 22822V101 | CROWN CASTLE INTL CORP | US | CCI | 606.9 | $78,903.50 |
| 22944PAA5 | CSMC 2013-TH1 A1 2.13000 02/25/2043 | US | 92,535.13 | $90,361.20 | |
| 229663109 | CUBESMART | US | CUBE | 375 | $12,644.90 |
| 23311RAD8 | DCP MIDSTREAM OPERATING 5.35000 03/15/2020 | US | 24,670.87 | $24,948.41 | |
| 25271C102 | DIAMOND OFFSHORE DRILLING | US | DO | 5,121.67 | $40,307.56 |
| 253868103 | DIGITAL REALTY TRUST INC | US | DLR | 236.84 | $27,880.84 |
| 25470DAT6 | DISCOVERY COMMUNICATIONS 5.20000 09/20/2047 | US | 542,759.05 | $543,568.67 | |
| 256677105 | DOLLAR GENERAL CORP | US | DG | 572.36 | $72,850.50 |
| 25787GAC4 | DONNELLEY FINANCIAL SOL 8.25000 10/15/2024 | US | 19,736.69 | $20,180.77 | |
| 25960P109 | DOUGLAS EMMETT INC | US | DEI | 419.4 | $16,897.82 |
| 26078J100 | DU PONT DE NEMOURS INC | US | DWDP | 1,248.35 | $38,099.51 |
| 26780TAA5 | DYNAGAS LNG PARTNERS/FIN 6.25000 10/30/2019 | MH | 35,526.05 | $33,595.21 | |
| 269246401 | ETRADE FINANCIAL CORP | US | ETFC | 1,421.04 | $63,662.68 |
| 2715777 | QUEBECOR INC -CL B | CA | QBR/B CN | 3,098.66 | $73,133.53 |
| 2801836 | SHAW COMMUNICATIONS INC-B | CA | SJR/B CN | 3,483.53 | $70,747.85 |
| 285512109 | ELECTRONIC ARTS | US | EA | 2,077.29 | $193,353.87 |
| 291011104 | EMERSON ELEC CO | US | EMR | 553.61 | $33,349.72 |
| 29273RAR0 | ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 | US | 384,865.51 | $433,121.58 | |
| 29444U700 | EQUINIX INC | US | EQIX | 749.99 | $364,339.74 |
| 29446M102 | EQUINOR ASA-SPON ADR | NO | EQNR | 1,796.04 | $34,394.15 |
| 29472R108 | EQUITY LIFESTYLE PROPERTIES | US | ELS | 177.63 | $21,610.49 |
| 29476L107 | EQUITY RESIDENTIAL | US | EQR | 764.8 | $58,560.49 |
| 29670E107 | ESSENTIAL PROPERTIES REALTY | US | EPRT | 906.9 | $19,280.72 |
| 297178105 | ESSEX PROPERTY TRUST INC | US | ESS | 133.22 | $38,866.38 |
| 30161N101 | EXELON CORP | US | EXC | 616.77 | $29,654.38 |
| 302154BV0 | EXPORT-IMPORT BANK KOREA 2.62500 12/30/2020 | KR | 986,834.64 | $988,293.18 | |
| 30225T102 | EXTRA SPACE STORAGE INC | US | EXR | 133.22 | $14,276.14 |
| 30231G102 | EXXON MOBIL CORP | US | XOM | 1,613.47 | $114,185.60 |
| 302491303 | FMC CORP | US | FMC | 858.55 | $63,060.21 |
| 30262DAL5 | FREMF 2011-K13 B 4.61178 01/25/2048 | US | 317,271.28 | $326,188.89 | |
| 30264DAA7 | FS ENERGY & POWER FUND 7.50000 08/15/2023 | US | 39,473.39 | $39,868.12 | |
| 30287EAE0 | FREMF 2014-K41 B FLT 3.83223 11/25/2047 | US | 269,405.86 | $278,649.09 | |
| 30291YAJ9 | FREMF 2014-K716 B FLT 3.94824 08/25/2047 | US | 445,062.42 | $455,536.92 | |
| 3128M5VT4 | FHLM POOL G03926 6.00000 02/01/2038 | US | 37,032.22 | $41,596.38 | |
| 3128M7C95 | FHLM POOL G05196 5.50000 10/01/2038 | US | 36,012.57 | $39,399.04 | |
| 3128M7KW5 | FHLM POOL G05409 5.50000 03/01/2039 | US | 31,961.76 | $34,946.44 | |
| 3128P75X7 | FHLM POOL C91762 4.50000 05/01/2034 | US | 110,642.45 | $117,278.57 | |
| 312941F69 | FHLM POOL A92889 4.50000 07/01/2040 | US | 139,864.97 | $149,658.49 | |
| 312941ZQ3 | FHLM POOL Q93451 4.50000 08/01/2040 | US | 151,271.35 | $161,850.11 | |
| 3132M45M3 | FHLM POOL Q24752 3.50000 02/01/2044 | US | 172,016.7 | $176,865.23 | |
| 3132QUNJ8 | FHLM POOL Q37592 4.00000 12/01/2045 | US | 223,404.6 | $233,009.44 | |
| 3132WKQ84 | FHLM POOL Q45878 3.00000 12/01/2046 | US | 304,378.42 | $306,783.14 | |
| 31335AFY9 | FHLM POOL G60183 4.00000 12/01/2044 | US | 106,403.28 | $110,669.64 | |
| 31335ALP1 | FHLM POOL G60334 4.50000 10/01/2041 | US | 119,733.13 | $128,096.28 | |
| 31335CCY8 | FHLM POOL FG G61887 MTGE 5.00000 02/01/2049 | US | 287,823.88 | $303,900.19 | |
| 3136AY6W8 | FNA 2017-M15 A1 2.95932 09/25/2027 | US | 273,750.96 | $281,853.35 | |
| 3136B1YD0 | FNR 2018-31 KP 3.50000 07/25/2047 | US | 310,784.14 | $321,667.74 | |
| 313747206 | FEDERAL RLTY INVT TR SH BEN INT | US | FRT | 64.14 | $8,385.58 |
| 3137F4YU0 | FHR 4791 BA MTGE 4.00000 03/15/2044 | US | 362,377.44 | $374,479.22 | |
| 3137FG2L8 | FHR 4801 BA MTGE 4.50000 05/15/2044 | US | 361,008.45 | $376,358.83 | |
| 3138EGE26 | FEDERAL NATL MTG ASSN AL0152 6.00000 06/01/2040 | US | 80,222.37 | $89,996.91 | |
| 3138EQST0 | FEDERAL NATL MTG ASSN AL7729 4.00000 06/01/2043 | US | 72,219.82 | $75,144.92 | |
| 3138ETT89 | FEDERAL NATL MTG ASSN AL8674 FLT 5.65000 01/01/2049 | US | 142,718.59 | $158,718.17 | |
| 3138WDAY7 | FEDERAL NATL MTG ASSN FN AS3622 3.50000 10/01/2044 | US | 628,448.39 | $647,332.57 | |
| 3138YTGK4 | FEDERAL NATL MTG ASSN AZ2001 3.50000 05/01/2045 | US | 296,747.9 | $306,262.75 | |
| 3140E2GZ8 | FEDERAL NATL MTG ASSN AZ9215 4.00000 10/01/2045 | US | 97,880.28 | $101,735.15 | |
| 3140FEX33 | FEDERAL NATL MTG ASSN BD6997 4.00000 10/01/2046 | US | 95,144.56 | $98,656.39 | |
| 3140FTWF4 | FEDERAL NATL MTG ASSN BE7845 4.50000 02/01/2047 | US | 113,979.99 | $120,625.52 | |
| 3140HPMQ7 | FEDERAL NATIONAL MTGE FN BK9366 4.50000 08/01/2048 | US | 134,266.76 | $140,810.49 | |
| 3140JGVQ5 | FEDERAL NATL MTG ASSN FN BN0622 4.50000 01/01/2049 | US | 327,793.77 | $343,377.59 | |
| 3140Q84E2 | FEDERAL NATL MTG ASSN FN CA1720 5.00000 05/01/2048 | US | 635,958.57 | $671,547.14 | |
| 3140Q9JA2 | FEDERAL NATL MTGE ASSN FN CA2056 4.50000 07/01/2048 | US | 685,390.48 | $718,758.25 | |
| 3140Q9PD9 | FEDERAL NATL MTG ASSN FN CA2219 5.00000 08/01/2048 | US | 258,967.49 | $273,460.71 | |
| 31410GCD3 | FEDERAL NATL MTG ASSN 888468 5.50000 09/01/2021 | US | 11,119.01 | $11,272.72 | |
| 31410GN33 | FEDERAL NATL MTG ASSN 888810 5.50000 11/01/2022 | US | 13,645.5 | $13,836.77 | |
| 31410LC75 | FEDERAL NATL MTG ASSN 890294 5.50000 01/01/2039 | US | 78,606.88 | $86,216.64 | |
| 31410LD74 | FHLM POOL 890326 5.50000 01/01/2040 | US | 82,645.62 | $90,674.25 | |
| 31417YJC2 | FEDERAL NATL MTG ASSN MA0258 4.50000 12/01/2039 | US | 101,761.75 | $108,737.75 | |
| 31418BBC9 | FEDERAL NATL MTG ASSN MA1834 4.50000 02/01/2034 | US | 73,497.98 | $77,716.17 | |
| 31418BDH6 | FEDERAL NATL MTG ASSN MA1903 4.50000 05/01/2034 | US | 84,766.74 | $89,782.36 | |
| 31418C4M3 | FEDERAL NATL MTG ASSN FN MA3527 5.00000 11/01/2048 | US | 544,723.67 | $574,881.36 | |
| 31418CAF1 | FEDERAL NATL MTG ASSN FN MA2705 3.00000 08/01/2046 | US | 305,575.58 | $308,248.08 | |
| 31418CZ56 | FEDERAL NATL MTG ASSN FN MA3463 4.00000 09/01/2033 | US | 324,795.25 | $335,688.96 | |
| 31418MKV3 | FEDERAL NATL MTG ASSN AD0307 5.50000 01/01/2039 | US | 40,465.98 | $44,333.80 | |
| 31419AU62 | FEDERAL NATL MTG ASSN AE0604 6.00000 07/01/2039 | US | 46,206.49 | $51,875.80 | |
| 31428X106 | FEDEX CORPORATION | US | FDX | 799.34 | $123,321.57 |
| 315786AC7 | FIDELITY & GUARA NTY LIFE 5.50000 05/01/2025 | US | 29,605.04 | $30,004.71 | |
| 31620R303 | FNF GROUP | US | FNF | 458.88 | $17,689.75 |
| 32054K103 | FIRST INDUSTRIAL REALTY TR | US | FR | 424.34 | $14,728.80 |
| 33834YAA6 | FIVE POINT OP CO LP/FIVE 7.87500 11/15/2025 | US | 9,868.35 | $9,819.00 | |
| 346232AD3 | FORESTAR GROUP INC 8.00000 04/15/2024 | US | 39,473.39 | $40,065.49 | |
| 34960PAB7 | FORTRESS TRANS & INFRAST 6.50000 10/01/2025 | US | 34,539.21 | $34,711.91 | |
| 35802XAD5 | FRESENIUS MED CARE II 5.62500 07/31/2019 | US | 1,406,239.36 | $1,410,964.77 | |
| 36143WAN1 | GAHR 2015-NRF BFX FLT 3.38216 12/15/2034 | US | 300,984.56 | $300,068.94 | |
| 36143WAS0 | GAHR 2015-NRF DFX FLT 3.38216 12/15/2034 | US | 1,273,016.68 | $1,267,135.73 | |
| 36246MAT6 | GTP AQUISITION PARTNERS 2.35000 06/15/2020 | US | 93,749.29 | $93,283.14 | |
| 363576109 | ARTHUR J GALLAGHER & CO | US | AJG | 424.34 | $35,729.33 |
| 369604BQ5 | GENERAL ELECTRIC CO 5.00000 01/21/2021 | US | 493,417.32 | $459,124.81 | |
| 37045VAR1 | GENERAL MOTORS CO FLT 3.50063 09/10/2021 | US | 370,062.99 | $369,694.87 | |
| 37045XAR7 | GENERAL MOTORS FINL CO 3.15000 01/15/2020 | US | 552,627.4 | $553,483.97 | |
| 37185LAF9 | GENESIS ENERGY LP/GENESI 5.62500 06/15/2024 | US | 29,605.04 | $27,828.74 | |
| 372460105 | GENUINE PARTS CO | US | GPC | 537.82 | $53,190.88 |
| 374297109 | GETTY REALTY CORP | US | GTY | 498.35 | $15,428.96 |
| 375558103 | GILEAD SCIENCES INC | US | GILD | 996.7 | $62,044.76 |
| 37953TAB1 | GLOBAL SHIP LEASE INC 9.87500 11/15/2022 | MH | 44,407.56 | $45,073.67 | |
| 38141GVR2 | GOLDMAN SACHS GROUP INC 4.25000 10/21/2025 | US | 256,577.01 | $265,729.54 | |
| 38378HVC7 | GNR 2012-113 PY 2.50000 09/20/2042 | US | 246,708.66 | $239,705.72 | |
| 38379RRX3 | GNR 2017-54 AH MTGE 2.60000 12/16/2056 | US | 315,977.81 | $309,965.06 | |
| 388689101 | GRAPHIC PACKAGING HOLDING CO | US | GPK | 6,547.65 | $85,119.42 |
| 40060QAA3 | GTCR AP FINANCE INC 8.00000 05/15/2027 | US | 4,934.17 | $4,835.49 | |
| 404139AD9 | HC2 HOLDINGS INC 11.50000 12/01/2021 | US | 9,868.35 | $8,585.46 | |
| 40414L109 | HCP INC | US | HCP | 893.09 | $28,319.74 |
| 406216101 | HALLIBURTON CO | US | HAL | 7,687.44 | $163,665.64 |
| 421946104 | HEALTHCARE REALTY TRUST INC | US | HR | 1,376.63 | $44,382.69 |
| 42225P501 | HEALTHCARE TRUST OF AMERICA | US | HTA | 1,874.99 | $53,980.84 |
| 42809H107 | HESS CORP | US | HES | 680.92 | $38,035.96 |
| 43300A203 | HILTON WORLDWIDE HOLDINGS INC | US | HLT | 207.24 | $18,535.12 |
| 437076102 | HOME DEPOT INC | US | HD | 575.32 | $109,225.37 |
| 438128308 | HONDA MOTOR CO LTD -SPONS ADR | JP | HMC | 1,557.23 | $38,323.31 |
| 438516106 | HONEYWELL INTERNATIONAL INC | US | HON | 451.97 | $74,263.23 |
| 44107P104 | HOST MARRIOTT CORP | US | HST | 947.36 | $17,156.71 |
| 444454AD4 | HUGHES SATELLITE SYSTEMS 5.25000 08/01/2026 | US | 39,473.39 | $39,287.07 | |
| 452308109 | ILLINOIS TOOL WKS INC | US | ITW | 253.62 | $35,415.01 |
| 45337C102 | INCYTE CORP | US | INCY | 1,766.43 | $138,894.71 |
| 45378A106 | INDEPENDENCE REALTY TRUST IN | US | IRT | 3,251.62 | $35,702.79 |
| 458140100 | INTEL CORP | US | INTC | 4,120.03 | $181,446.32 |
| 45866F104 | INTERCONTINENTALEXCHANGE INC | US | ICE | 1,894.72 | $155,765.14 |
| 459200101 | INTERNATIONAL BUSINESS MACH CORP | US | IBM | 581.25 | $73,812.38 |
| 46187BAA1 | IHSFR 2017-SFR2 A 3.28238 12/17/2036 | US | 75,454.34 | $74,947.84 | |
| 46187BAB9 | IHSFR 2017-SFR2 B 3.58238 12/17/2036 | US | 59,210.08 | $59,058.05 | |
| 46187W107 | INVITATION HOMES INC | US | INVH | 1,181.24 | $30,275.21 |
| 464287598 | ISHARES RUSSELL 1000 VALUE | US | 695.72 | $83,187.05 | |
| 466032109 | J&J SNACK FOODS CORP | US | JJSF | 325.66 | $52,381.68 |
| 46625H100 | JP MORGAN CHASE & CO | US | JPM | 2,338.8 | $247,819.05 |
| 46640BAC8 | JPMMT 2013-2 A2 3.50000 05/25/2043 | US | 78,991.18 | $79,869.72 | |
| 46641YAA1 | JPMMT 2014-2 1A1 3.00000 06/25/2029 | US | 101,300.65 | $101,967.49 | |
| 46647PAY2 | JPMORGAN CHASE & CO 4.02300 12/05/2024 | US | 374,997.16 | $392,956.95 | |
| 46647SAE0 | JPMMT 2017-3 1A3 3.50000 08/25/2047 | US | 301,486.73 | $303,905.26 | |
| 46648HAE3 | JPMMT 2017-2 A5 3.50000 05/25/2047 | US | 308,694.69 | $311,865.92 | |
| 46648HAF0 | JPMMT 2017-2 A6 3.00000 05/25/2047 | US | 331,560.96 | $329,619.28 | |
| 4741844 | MERCK KGAA | DE | MRK GR | 2,526.3 | $243,795.26 |
| 476405105 | JERNIGAN CAPITAL INC | US | JCAP | 2,328.93 | $49,187.00 |
| 478160104 | JOHNSON & JOHNSON | US | JNJ | 5,134.5 | $673,389.75 |
| 47987LAA9 | JONAH NRG LLC/FINANCE 7.25000 10/15/2025 | US | 54,275.9 | $31,887.09 | |
| 485170302 | KANSAS CITY SOUTHERN | US | KSU | 611.84 | $69,308.95 |
| 493267108 | KEYCORP | US | KEY | 1,786.17 | $28,525.15 |
| 494368103 | KIMBERLY CLARK CORP | US | KMB | 310.85 | $39,754.98 |
| 49446R109 | KIMCO REALTY CORP | US | KIM | 754.93 | $13,135.76 |
| 494550AW6 | KINDER MORGAN ENER PART 6.95000 01/15/2038 | US | 661,179.21 | $814,184.70 | |
| 49456BAE1 | KINDER MORGAN INC/ DELAWA 3.05000 12/01/2019 | US | 552,627.4 | $553,112.35 | |
| 50050N103 | KONTOOR BRANDS INC | US | KTB | 52.16 | $1,528.32 |
| 500630CK2 | KOREA DEVELOPMENT BANK 1.37500 09/12/2019 | KR | 592,100.78 | $590,565.60 | |
| 50187TAE6 | LGI HOMES INC 6.87500 07/15/2026 | US | 49,341.73 | $49,711.79 | |
| 50212YAB0 | LPL HOLDINGS INC 5.75000 09/15/2025 | US | 29,605.04 | $29,753.06 | |
| 502160AM6 | LSB INDUSTRIES 9.62500 05/01/2023 | US | 19,736.69 | $20,353.46 | |
| 529043101 | LEXINGTON REALTY TRUST | US | LXP | 3,567.41 | $32,713.12 |
| 531172104 | LIBERTY PROPERTY TRUST | US | LPT | 666.11 | $31,620.40 |
| 534187109 | LINCOLN NATL CORP IND | US | LNC | 296.05 | $17,600.20 |
| 53815P108 | LIVERAMP HOLDINGS INC | US | RAMP | 2,398.01 | $123,209.66 |
| 539830109 | LOCKHEED MARTIN CORP | US | LMT | 188.49 | $63,809.85 |
| 54238XAC2 | LONESTAR RESOURCES AMERICA 11.25000 01/01/2023 | US | 19,736.69 | $19,193.93 | |
| 550021109 | LULULEMON - ADR | CA | LULU | 1,628.28 | $269,626.41 |
| 55933JAB0 | MAGNACHIP SEMICONDUCTOR 6.62500 07/15/2021 | US | 38,486.55 | $36,947.09 | |
| 563571AL2 | MANITOWOC COMPANY INC 9.00000 04/01/2026 | US | 9,868.35 | $9,596.97 | |
| 56585A102 | MARATHON PETROLEUM CORP | US | MPC | 656.25 | $30,180.71 |
| 5671735 | SANOFI-AVENTIS | FR | SAN FP | 444.08 | $35,862.56 |
| 57636Q104 | MASTERCARD INC-CLASS A | US | MA | 1,786.17 | $449,204.07 |
| 58933Y105 | MERCK & CO INC | US | MRK | 4,098.32 | $324,628.26 |
| 594918104 | MICROSOFT CORP | US | MSFT | 5,180.88 | $640,771.47 |
| 59522J103 | MID-AMERICA APARTMENT COMM | US | MAA | 231.91 | $26,479.04 |
| 60871R209 | MOLSON COORS BREWING CO -B | US | TAP | 725.32 | $39,878.28 |
| 609207105 | MONDELEZ INTERNATIONAL INC | US | MDLZ | 8,069.35 | $410,326.29 |
| 615369105 | MOODY'S CORPORATION | US | MCO | 730.26 | $133,549.52 |
| 61744YAG3 | MORGAN STANLEY FLT 3.77988 05/08/2024 | US | 848,677.79 | $857,854.54 | |
| 61965RAB1 | MOSS CREEK RESOURCES HLD 10.50000 05/15/2027 | US | 4,934.17 | $4,557.94 | |
| 62426EAA3 | MOUNTAIN PROVINCE DIAMON 8.00000 12/15/2022 | CA | 39,473.39 | $39,374.70 | |
| 62957HAC9 | NABORS INDUSTRIES INC 5.50000 01/15/2023 | US | 19,736.69 | $17,313.03 | |
| 637417106 | NATIONAL RETAIL PROPERTIES | US | NNN | 300.98 | $16,111.70 |
| 637870106 | NATIONAL STORAGE AFFILIATES | US | NSA | 325.66 | $9,701.28 |
| 63902MAE8 | NATURAL RESRCE PART LP 9.12500 06/30/2025 | US | 4,934.17 | $5,020.52 | |
| 63940YAA4 | NAVSL 2019-CA A1 2.82000 02/15/2068 | US | 276,313.7 | $277,463.69 | |
| 63941RAB6 | NAVSL 2019-2A A2 3.48000 02/27/2068 | US | 542,759.05 | $547,535.82 | |
| 64829DAG1 | NRZT 2014-3A AFX3 3.75000 11/25/2054 | US | 85,856.26 | $87,817.76 | |
| 64829EAA2 | NRZT 2015-2A A1 3.75000 08/25/2055 | US | 96,455.99 | $99,507.49 | |
| 64829LAA6 | NRZT 2016-4A A1 3.75000 11/25/2056 | US | 128,483.19 | $131,418.22 | |
| 6499550 | KYOWA KIRIN CO LTD | JP | 4151 JP | 3,848.66 | $72,442.15 |
| 66727WAA0 | NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 | CA | 44,407.56 | $34,526.88 | |
| 66987V109 | NOVARTIS AG- REG | CH | NVS | 6,034.49 | $516,794.05 |
| 67059TAD7 | NUSTAR LOGISTICS LP 6.75000 02/01/2021 | US | 19,736.69 | $20,427.48 | |
| 67103H107 | O'REILLY AUTOMOTIVE INC | US | ORLY | 118.42 | $43,977.69 |
| 674599105 | OCCIDENTAL PETROLEUM CORP | US | OXY | 626.64 | $31,187.87 |
| 68323ADY7 | ONTARIO (PROVINCE OF) 1.25000 06/17/2019 | CA | 203,287.93 | $203,196.46 | |
| 693475105 | PNC FINANCIAL SERVICES GROUP | US | PNC | 172.7 | $21,977.30 |
| 70014LAC4 | PARK AEROSPACE HOLDINGS 4.50000 03/15/2023 | KY | 24,670.87 | $24,946.44 | |
| 70338P100 | PATTERN ENERGY GROUP INC -A | US | PEGI | 1,154.6 | $24,488.99 |
| 7123870 | NESTLE SA-REGISTERED | CH | NESN SW | 2,970.37 | $294,657.21 |
| 713448108 | PEPSICO INC | US | PEP | 2,659.52 | $340,418.48 |
| 71654V101 | PETROLEO BRASIL-SP PREF ADR | BR | PBR/A | 3,699.64 | $48,021.37 |
| 717081103 | PFIZER INC | US | PFE | 3,143.07 | $130,500.20 |
| 71943U104 | PHYSICIANS REALTY TRUST | US | DOC | 3,152.94 | $57,730.27 |
| 729640102 | PLYMOUTH INDUSTRIAL REIT INC | US | 853.61 | $15,177.22 | |
| 741503AZ9 | BOOKING HOLDINGS INC 3.60000 06/01/2026 | US | 779,599.36 | $807,769.63 | |
| 74251V102 | PRINCIPAL FINANCIAL GROUP | US | PFG | 330.59 | $17,048.51 |
| 74333KAA6 | PROG 2017-SFR2 A 2.89700 12/17/2034 | US | 148,025.2 | $148,622.05 | |
| 74333NAA0 | PROGRESS RESIDENTIAL TRUST 3.14700 05/17/2036 | US | 276,313.7 | $279,704.56 | |
| 74340W103 | PROLOGIS | US | PLD | 1,041.11 | $76,698.61 |
| 744320AL6 | PRUDENTIAL FINANCIAL INC 5.87500 09/15/2042 | US | 493,417.32 | $516,854.64 | |
| 74460D109 | PUBLIC STORAGE INC | US | PSA | 172.7 | $41,080.94 |
| 749685103 | RPM INTERNATIONAL INC | US | RPM | 952.3 | $50,966.85 |
| 756109104 | REALTY INCOME CORP | US | O | 138.16 | $9,682.03 |
| 7591EP100 | REGIONS FINANCIAL CORP. | US | RF | 1,144.73 | $15,831.59 |
| 760759100 | REPUBLIC SERVICES INC | US | RSG | 429.27 | $36,312.21 |
| 767204100 | RIO TINTO PLC - SPON ADR | GB | RIO | 1,059.86 | $61,397.71 |
| 77340RAK3 | ROCKIES EXPRESS PIPELINE 5.62500 04/15/2020 | US | 44,407.56 | $45,072.34 | |
| 77714PAB5 | SEMGROUP / ROSE ROCK FIN 5.62500 07/15/2022 | US | 29,605.04 | $29,308.99 | |
| 780259107 | ROYAL DUTCH SHELL PLC-ADR B | NL | RDS/B | 582.23 | $36,599.13 |
| 78409V104 | S&P GLOBAL INC | US | SPGI | 641.44 | $137,191.72 |
| 78410G104 | SBA COMMUNICATIONS CORP | US | SBAC | 720.39 | $155,899.44 |
| 78442PGC4 | SLM CORP 5.12500 04/05/2022 | US | 39,473.39 | $38,486.55 | |
| 78470NAB2 | SOFI 2015-D A2 2.72000 10/27/2036 | US | 83,002.6 | $83,102.17 | |
| 78470RAC1 | SOFI 2016-E A2B 2.49000 01/25/2036 | US | 253,280.82 | $252,790.26 | |
| 785592AV8 | SABINE PASS LIQUEFACTION 5.87500 06/30/2026 | US | 779,599.36 | $866,037.33 | |
| 80282KAE6 | SANTANDER HOLDINGS USA 4.50000 07/17/2025 | US | 513,154.01 | $538,473.35 | |
| 806857108 | SCHLUMBERGER LTD | NL | SLB | 3,779.58 | $131,113.51 |
| 808513105 | CHARLES SCHWAB CORP/THE | US | SCHW | 3,108.53 | $129,345.90 |
| 81211K100 | SEALED AIR CORP | US | SEE | 1,179.27 | $49,411.30 |
| 812578102 | SEATTLE GENETICS INC | US | SGEN | 2,101.96 | $136,774.39 |
| 81745EAA7 | SEMT 2013-8 A1 3.00000 06/25/2043 | US | 113,211.55 | $112,791.93 | |
| 81762P102 | SERVICENOW INC | US | NOW | 305.92 | $80,129.29 |
| 822538AE4 | SHELF DRILL HOLD LTD 8.25000 02/15/2025 | KY | 29,605.04 | $27,384.66 | |
| 828806109 | SIMON PROPERTY GROUP INC | US | SPG | 483.55 | $78,378.45 |
| 831641FC4 | SBIC 2015-10A 1 2.51700 03/10/2025 | US | 90,628.82 | $91,839.34 | |
| 83401BAA4 | SOFI 2017-F A1FX 2.05000 01/25/2041 | US | 41,298.94 | $41,116.92 | |
| 83401BAB2 | SOFI 2017-F A2FX 2.84000 01/25/2041 | US | 74,012.6 | $74,736.22 | |
| 83402JAC2 | SOFI 2016-B A2B 2.74000 10/25/2032 | US | 67,808.62 | $67,920.33 | |
| 83404YAA1 | SCLP 2016-5 A 3.06000 09/25/2028 | US | 117,383.92 | $117,901.18 | |
| 83405LAA8 | SCLP 2017-5 A1 2.14000 09/25/2026 | US | 23,385.14 | $23,357.58 | |
| 83405TAA1 | SCLP 2019-3 A MTGE 2.90000 05/25/2028 | US | 276,313.7 | $277,269.99 | |
| 83406CAA7 | SCLP 2019-2 A MTGE 3.01000 04/25/2028 | US | 236,840.31 | $238,187.48 | |
| 83406EAB1 | SOFI 2018-A A2A 2.39000 02/25/2042 | US | 91,634.54 | $91,440.00 | |
| 835495102 | SONOCO PRODUCTS CO | US | SON | 606.9 | $37,524.83 |
| 84265VAD7 | SOUTHERN COPPER CORP 5.37500 04/16/2020 | US | 759,862.67 | $776,805.74 | |
| 845467AL3 | SOUTHWESTERN ENERGY CO 6.20000 01/23/2025 | US | 49,341.73 | $45,872.51 | |
| 85207UAH8 | SPRINT CORP 7.12500 06/15/2024 | US | 14,802.52 | $15,394.62 | |
| 85254J102 | STAG INDUSTRIAL INC | US | STAG | 1,435.84 | $41,897.94 |
| 855030AN2 | STAPLES INC 7.50000 04/15/2026 | US | 29,605.04 | $28,424.09 | |
| 85571XAA5 | SRPT 2014-STAR A FLTG RATE 3.65963 11/15/2027 | US | 252,227.89 | $251,437.27 | |
| 862121100 | STORE CAPITAL CORP | US | STOR | 281.25 | $9,624.30 |
| 866674104 | SUN COMMUNITIES | US | SUI | 296.05 | $37,382.28 |
| 867892101 | SUNSTONE HOTEL INVESTORS INC | US | SHO | 809.2 | $10,859.52 |
| 87612E106 | TARGET CORP | US | TGT | 715.46 | $57,558.36 |
| 876664103 | TAUBMAN CTRS INC | US | TCO | 118.42 | $5,253.12 |
| 87854WAA1 | TECHNIPLAS LLC 10.00000 05/01/2020 | US | 34,539.21 | $31,776.08 | |
| 88160RAE1 | TESLA INC 5.30000 08/15/2025 | US | 4,934.17 | $4,021.45 | |
| 882508104 | TEXAS INSTRUMENTS INC | US | TXN | 615.78 | $64,232.51 |
| 88579Y101 | 3M CO | US | MMM | 447.04 | $71,414.02 |
| 88650V208 | TIER REIT INC | US | TIER | 1,184.2 | $31,878.71 |
| 89151E109 | TOTAL S A SPONSORED ADR | FR | TOT | 1,158.54 | $59,665.01 |
| 89173CAA5 | TPMT 2016-5 A1 2.50000 10/25/2056 | US | 203,068.27 | $201,812.08 | |
| 89173FAA8 | TPMT 2017-1 A1 2.75000 10/25/2056 | US | 183,445.06 | $183,079.87 | |
| 89177EAA7 | TPMT 2019-HY1 A1 3.42975 10/25/2048 | US | 183,302.34 | $184,039.91 | |
| 89613BAA5 | TAH 2016-SFR1 A 2.58900 11/17/2033 | US | 215,931.83 | $215,241.69 | |
| 89613FAA6 | TAH 2017-SFR2 A 2.92800 01/17/2036 | US | 196,871.8 | $197,825.35 | |
| 901109AF5 | TUTOR PERINI CORP 6.87500 05/01/2025 | US | 35,526.05 | $34,117.44 | |
| 902653104 | UDR INC | US | UDR | 685.85 | $30,712.37 |
| 902973304 | U.S. BANCORP | US | USB | 1,154.6 | $57,960.75 |
| 903002103 | UMH PROPERTIES INC | US | UMH | 606.9 | $8,077.88 |
| 904767704 | UNILEVER PLC - ADR | GB | UL | 6,093.7 | $371,167.50 |
| 907818108 | UNION PAC CORP | US | UNP | 446.05 | $74,392.09 |
| 911312106 | UNITED PARCEL SERVICE | US | UPS | 1,257.23 | $116,821.56 |
| 912796SJ9 | TREASURY BILL 0.00000 09/19/2019 | US | 2,748,334.46 | $2,729,381.25 | |
| 912810PT9 | UNITED STATES TREAS BOND 4.75000 02/15/2037 | US | 911,835.2 | $1,233,007.78 | |
| 912810QV3 | UNITED STATES TREAS INFL INDEX 0.75000 02/15/2042 | US | 369,020.25 | $371,618.63 | |
| 912810RK6 | US TREASURY N/B 2.50000 02/15/2045 | US | 816,112.24 | $804,826.94 | |
| 9128283W8 | US TREASURY N/B 2.75000 02/15/2028 | US | 1,509,856.99 | $1,585,998.62 | |
| 9128286B1 | US TREASURY N/B 2.62500 02/15/2029 | US | 1,712,158.09 | $1,784,055.36 | |
| 912828K33 | UNITED STATES TREAS INFL INDEX 0.12500 04/15/2020 | US | 3,084,332.06 | $3,059,633.32 | |
| 912828R36 | US TREASURY N/B 1.62500 05/15/2026 | US | 1,564,132.9 | $1,522,768.91 | |
| 912828X88 | US TREASURY N/B 2.37500 05/15/2027 | US | 1,534,527.86 | $1,568,335.42 | |
| 912828XB1 | UNITED STATES TREAS NTS 2.12500 05/15/2025 | US | 1,504,922.82 | $1,515,327.94 | |
| 913017109 | UNITED TECHNOLOGIES CORP | US | UTX | 543.75 | $68,675.11 |
| 91704F104 | URBAN EDGE PROPERTIES | US | UE | 1,100.32 | $18,980.53 |
| 918204108 | VF CORP | US | VFC | 365.13 | $29,896.75 |
| 91913Y100 | VALERO ENERGY | US | VLO | 390.79 | $27,511.37 |
| 92276F100 | VENTAS INC | US | VTR | 503.29 | $32,361.27 |
| 92339V100 | VEREIT INC | US | VER | 2,985.17 | $26,508.35 |
| 92343V104 | VERIZON COMMUNICATIONS | US | VZ | 1,189.14 | $64,629.53 |
| 92343VDV3 | VERIZON COMMUNICATIONS 5.50000 03/16/2047 | US | 690,784.24 | $835,402.82 | |
| 92532F100 | VERTEX PHARMACEUTICALS INC | US | VRTX | 809.2 | $134,473.59 |
| 92826C839 | VISA INC - CLASS A SHARES | US | V | 2,674.32 | $431,448.35 |
| 92840JAA7 | VISTAJET MALTA/XO MGMT 10.50000 06/01/2024 | MUL | 19,736.69 | $19,217.62 | |
| 929042109 | VORNADO REALTY TRUST | US | VNO | 271.38 | $17,973.47 |
| 92922PAL0 | W & T OFFSHORE INC 9.75000 11/01/2023 | US | 19,736.69 | $19,415.97 | |
| 92935JBC8 | WF-RBS COMMERCIAL MORTGAGE T FLT 4.86900 02/15/2044 | US | 336,202.89 | $346,155.73 | |
| 93065PAA9 | WBHT 2019-WBM A FLT 3.48963 12/15/2033 | US | 172,696.06 | $171,676.90 | |
| 931142103 | WAL MART STORES | US | WMT | 1,244.4 | $126,231.78 |
| 931427108 | WALGREENS BOOTS ALLIANCE INC | US | WBA | 777.63 | $38,368.05 |
| 94106L109 | WASTE MANAGEMENT INC | US | WM | 1,248.35 | $136,506.61 |
| 94856UAA9 | WEEKLEY HOMES LLC/ FINAN 6.62500 08/15/2025 | US | 34,539.21 | $33,934.78 | |
| 948741103 | WEINGARTEN REALTY INVESTORS | US | WRI | 715.46 | $20,175.83 |
| 949746101 | WELLS FARGO COMPANY | US | WFC | 4,026.29 | $178,646.28 |
| 95040Q104 | WELLTOWER INC. | US | WELL | 409.54 | $33,262.54 |
| 962178AL3 | TRI POINTE HOLDINGS INC 4.37500 06/15/2019 | US | 98,683.46 | $97,943.34 | |
| 962178AN9 | TRI POINTE GROUP / HOMES 5.87500 06/15/2024 | US | 29,605.04 | $29,314.02 | |
| 96949LAD7 | WILLIAMS PARTNERS LP 3.75000 06/15/2027 | US | 394,733.85 | $399,457.97 | |
| 97651JAE6 | WINWATER MORTGAGE LOAN TRUST 3.50000 03/20/2045 | US | 86,619.74 | $86,881.73 | |
| B29TNV3 | INNERGEX RENEWABLE ENERGY | CA | INE CN | 1,949 | $20,360.94 |
| B3ZD2V9 | MEX BONOS DESARR FIX RT 6.50000 06/10/2021 | MX | 271,379.52 | $13,475.96 | |
| B4888C1 | CANADIAN GOVERNMENT FLT 2.75000 06/01/2022 | CA | 32,565.54 | $25,047.23 | |
| B4NDCC9 | MEX BONOS DESARR FIX RT 6.50000 06/09/2022 | MX | 497,364.66 | $24,445.51 | |
| B4YN9R2 | SINGAPORE GOVERNMENT 2.50000 06/01/2019 | SG | 59,210.08 | $43,102.59 | |
| B615Y14 | MEX BONOS DESARR FIX RT 8.00000 06/11/2020 | MX | 723,349.79 | $36,897.62 | |
| B68XHC3 | NORTHLAND POWER INC | CA | NPI CN | 1,179.27 | $21,777.54 |
| B6TC406 | MEX BONOS DESARR FIX RT 7.75000 05/29/2031 | MX | 90,788.79 | $4,498.36 | |
| BBG00JQ6ZYX7 | BKNG US 06/21/19 P1650 | US | -.99 | -$3,605.89 | |
| BBG00KT3R5C3 | MDT US 06/21/19 P82.5 | IE | -12.83 | -$192.43 | |
| BBG00NWQ17B7 | DLTR US 5/31/19 P90 | US | -18.75 | -$93.75 | |
| BBG00NYKM5H3 | RAMP US 06/21/19 P50 | US | -22.7 | -$2,837.15 | |
| BBG00P3GM1T7 | ATVI US 06/28/19 P40 | US | -28.62 | -$1,602.62 | |
| BBG00P3LNW08 | EA US 06/14/19 P88 | US | -12.83 | -$1,372.69 | |
| BGHQ198 | HIBERNIA REIT PLC | IE | HBRN ID | 8,684.14 | $13,252.31 |
| BMMV2K8 | TENCENT HOLDINGS LTD | CN | 700 HK | 9,927.56 | $413,955.83 |
| BMTRW10 | B&M EUROPEAN VALUE RETAIL SA | GB | BME LN | 11,082.15 | $49,304.26 |
| BP9DL90 | INDUSTRIA DE DISENO TEXTIL | ES | ITX SM | 6,177.58 | $164,972.25 |
| BYYHL23 | ANHEUSER-BUSCH INBEV SA/NV | BE | ABI BB | 3,996.68 | $325,069.62 |
| G29183103 | EATON CORP PLC | US | ETN | 405.59 | $30,212.33 |
| G37585AC3 | GASLOG LTD 8.87500 03/22/2022 | BM | 59,210.08 | $60,912.37 | |
| G51502105 | JOHNSON CONTROLS INTERNATIONAL | US | JCI | 1,904.59 | $73,364.84 |
| G5960L103 | MEDTRONIC INC | IE | MDT | 6,518.04 | $603,440.40 |
| H01301128 | ALCON INC | CH | ALC | 1,124.99 | $65,452.00 |
| H1467J104 | CHUBB LTD | CH | CB | 256.58 | $37,478.20 |
| H8817H100 | TRANSOCEAN LTD | US | RIG | 8,309.15 | $51,516.72 |
| N47279109 | INTERXION HOLDING NV | NL | INXN | 3,927.6 | $289,503.53 |
| USD | US DOLLAR | US | 981,132.73 | $981,132.73 |
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.
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
$10.34
Daily $ Change
$0.02
Daily % Change
0.19%
as of 06/24/2019
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 |
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 05/31/2019
YTD
6.40%
1 Year
4.45%
3 Year
4.54%
5 Year
2.70%
10 Year
5.48%
Inception
(03/28/2008)
4.75%
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 | 0.81% |
| Net | 0.65%* |
*Includes acquired fund fees and expenses of the underlying Series. Reflects the Advisor’s contractual agreement to limit its fees and reimburse certain expenses. The contractual waiver may not be amended or terminated without the prior approval of the Fund's Board of Directors.
Top Ten Investments
As of 05/31/2019
| TREASURY NOTES | 10.56% |
| GOVERNMENT AGENCY | 10.04% |
| UNITED STATES TREAS INFL INDEX 0.12500 04/15/2020 | 4.05% |
| TREASURY BILLS | 3.61% |
| TREASURY BONDS | 2.70% |
| FRESENIUS MED CARE II 5.62500 07/31/2019 | 1.87% |
| GAHR 2015-NRF DFX FLT 3.38216 12/15/2034 | 1.68% |
| EXPORT-IMPORT BANK KOREA 2.62500 12/30/2020 | 1.31% |
| SABINE PASS LIQUEFACTION 5.87500 06/30/2026 | 1.15% |
| MORGAN STANLEY FLT 3.77988 05/08/2024 | 1.14% |
Top Ten Investments list is unaudited and excludes cash.
Asset Allocation
As of 05/31/2019
| Bonds | 72.63% | |
| Stocks | 26.09% | |
| Cash | 1.28% |
Detailed Asset Class Allocation
As of 05/31/2019
| International Equities | 6.69% | |
| Small Capitalization | 0.65% | |
| Mid Capitalization | 1.41% | |
| Large Capitalization | 17.35% | |
| Long Term Fixed Income | 20.91% | |
| Intermediate Term Fixed Income | 31.11% | |
| Short Term Fixed Income | 20.60% | |
| Cash | 1.28% |
Due to rounding, the sum of the detailed asset class allocation categories may not equal the asset allocation totals provided above.
May Fund Holdings
As of 05/31/2019
| CUSIP | Security Description | Country | Ticker | Shares/Par | Market Value (USD) |
|---|---|---|---|---|---|
| 00101JAM8 | ADT CORP 5.25000 03/15/2020 | US | 24,670.87 | $24,917.57 | |
| 00206R102 | AT&T INC | US | T | 592.1 | $18,106.44 |
| 00206RDQ2 | AT&T INC 4.25000 03/01/2027 | US | 513,154.01 | $534,769.71 | |
| 00254EML3 | SWEDISH EXPORT CREDIT 1.12500 08/28/2019 | SE | 497,364.66 | $495,927.27 | |
| 00287Y109 | ABBVIE INC | US | ABBV | 1,015.45 | $77,895.39 |
| 004239109 | ACADIA REALTY TRUST | US | AKR | 291.12 | $7,962.03 |
| 00507V109 | ACTIVISION INC | US | ATVI | 4,179.24 | $181,253.84 |
| 00774MAG0 | AERCAP IRELAND CAP / GLOBA 4.45000 10/01/2025 | IE | 523,022.36 | $539,608.47 | |
| 008492100 | AGREE REALTY CORP | US | ADC | 172.7 | $11,562.00 |
| 00928QAK7 | AIRCASTLE LTD 6.25000 12/01/2019 | BM | 601,969.13 | $611,706.51 | |
| 015271109 | ALEXANDRIA REAL EST EQUITIES | US | ARE | 69.08 | $10,113.77 |
| 020002101 | ALLSTATE CORPORATION | US | ALL | 276.31 | $26,390.72 |
| 02079K107 | ALPHABET INC-CL C | US | GOOG | 246.71 | $272,275.08 |
| 02079K305 | ALPHABET INC-CL A | US | GOOGL | 236.84 | $262,063.81 |
| 023135106 | AMAZON.COM INC | US | AMZN | 69.08 | $122,619.04 |
| 02319V103 | AMBEV SA-ADR | BR | ABEV | 32,812.25 | $146,670.76 |
| 0237400 | DIAGEO PLC | GB | DGE LN | 8,269.67 | $347,836.39 |
| 02376RAA0 | AMERICAN AIRLINES GROUP 5.50000 10/01/2019 | US | 93,749.29 | $94,100.85 | |
| 024835100 | AMERICAN CAMPUS COMMUNITIES | US | ACC | 281.25 | $13,027.40 |
| 02665T306 | AMERICAN HOMES 4 RENT- A | US | AMH | 1,870.05 | $45,647.96 |
| 026874784 | AMERICAN INTL GROUP INC | US | AIG | 513.15 | $26,206.78 |
| 02753GAA7 | AMERICAN MIDSTREAM PTR/F 9.50000 12/15/2021 | US | 39,473.39 | $38,289.18 | |
| 03019LAA4 | AMERICAN TANKER INC 9.25000 02/22/2022 | US | 19,736.69 | $19,929.36 | |
| 03027X100 | AMERICAN TOWER REIT INC | US | AMT | 720.39 | $150,395.67 |
| 03064D108 | AMERICOLD REALTY TRUST | US | COLD | 261.51 | $8,185.30 |
| 031162100 | AMGEN INC | US | AMGN | 442.1 | $73,698.39 |
| 03748R754 | APARTMENT INVT & MGMT CO -A | US | AIV | 512.17 | $25,582.75 |
| 03784Y200 | APPLE HOSPITALITY REIT INC | US | APLE | 483.55 | $7,466.00 |
| 03968AAA9 | ARD SECURITIES FINANCE 8.75000 01/31/2023 | LU | 4,934.17 | $4,736.81 | |
| 03990B101 | ARES MANAGEMENT CORP - A | US | ARES | 1,179.27 | $30,295.38 |
| 045086AF2 | ASHTON WOODS USA/FINANCE 6.75000 08/01/2025 | US | 9,868.35 | $9,226.90 | |
| 04621X108 | ASSURANT INC | US | AIZ | 177.63 | $17,755.92 |
| 053484101 | AVALONBAY COMMUNITIES INC | US | AVB | 439.14 | $89,150.10 |
| 055622104 | BP PLC-SPONS ADR | GB | BP | 1,756.57 | $71,527.35 |
| 060505104 | BANK OF AMERICA CORP | US | BAC | 7,610.47 | $202,438.47 |
| 06051GFM6 | BANK OF AMERICA CORP 4.00000 01/22/2025 | US | 769,731.02 | $794,507.26 | |
| 06759L103 | BARINGS BDC INC | US | BBDC | 1,872.03 | $18,533.05 |
| 084670702 | BERKSHIRE HATHAWAY INC-CL B | US | BRK/B | 1,741.76 | $343,858.88 |
| 088606108 | BHP GROUP LTD | AU | BHP | 1,416.11 | $73,510.15 |
| 09061G101 | BIOMARIN PHARMACEUTICAL INC | US | BMRN | 1,460.52 | $120,112.78 |
| 09247X101 | BLACKROCK INC | US | BLK | 241.77 | $100,471.81 |
| 0925288 | GLAXOSMITHKLINE PLC | GB | GSK LN | 927.62 | $17,908.76 |
| 09253U108 | BLACKSTONE GROUP LP/THE | US | BX | 1,376.63 | $52,105.61 |
| 097023105 | BOEING CO | US | BA | 303.95 | $103,830.67 |
| 09857L108 | BOOKING HOLDINGS INC | US | BKNG | 246.71 | $408,603.81 |
| 0989529 | ASTRAZENECA PLC | GB | AZN LN | 315.79 | $23,271.17 |
| 101121101 | BOSTON PROPERTIES INC | US | BXP | 365.13 | $47,769.80 |
| 105368203 | BRANDYWINE REALTY TRUST | US | BDN | 2,205.58 | $33,326.24 |
| 110122108 | BRISTOL MYERS SQUIBB CO | US | BMY | 1,692.42 | $76,785.16 |
| 11134LAB5 | BROADCOM CRP / CAYMN FI 2.37500 01/15/2020 | US | 552,627.4 | $551,123.11 | |
| 11135F101 | BROADCOM INC | US | AVGO | 228.95 | $57,611.88 |
| 11680JAA0 | BRUIN E&P PARTNERS LLC 8.87500 08/01/2023 | US | 19,736.69 | $17,713.68 | |
| 12503M108 | CBOE GLOBAL MARKETS INC | US | CBOE | 1,490.12 | $161,737.66 |
| 12555DAA3 | CIM 2019-INV1 A1 4.00000 02/25/2049 | US | 117,793.67 | $121,463.27 | |
| 12572Q105 | CME GROUP INC | US | CME | 759.86 | $145,984.82 |
| 125896100 | CMS ENERGY CORP | US | CMS | 878.28 | $49,280.45 |
| 12592BAB0 | CNH INDUSTRIAL CAPITAL L 3.37500 07/15/2019 | US | 779,599.36 | $778,624.86 | |
| 12646XAH5 | CSMC 2013-IVR3 A1 2.50000 05/25/2043 | US | 144,145.41 | $139,508.26 | |
| 126650100 | CVS HEALTH CORP | US | CVS | 897.03 | $46,977.60 |
| 12770QAA3 | CZR 2017-VICI A 3.53100 10/15/2034 | US | 256,577.01 | $264,496.16 | |
| 133131102 | CAMDEN PROPERTY TRUST | US | CPT | 83.88 | $8,669.93 |
| 149123101 | CATERPILLAR INC | US | CAT | 374.01 | $44,810.18 |
| 14980AAA0 | CAZENOVIA CREEK FUNDING LLC 3.56070 07/15/2030 | US | 260,935.63 | $261,351.27 | |
| 156504AH5 | CENTURY COMMUNITIES 5.87500 07/15/2025 | US | 41,447.05 | $40,410.88 | |
| 156504AJ1 | CENTURY COMMUNITIES 6.75000 06/01/2027 | US | 14,802.52 | $14,576.04 | |
| 165240102 | CHESAPEAKE LODGING TRUST | US | CHSP | 419.4 | $12,066.27 |
| 166764100 | CHEVRON CORP | US | CVX | 1,321.37 | $150,438.15 |
| 16941R108 | CHINA PETROLEUM & CHEM-ADR | CN | SNP | 899.99 | $59,498.55 |
| 17275R102 | CISCO SYSTEMS INC | US | CSCO | 2,207.55 | $114,858.78 |
| 172967424 | CITIGROUP INC | US | C | 2,506.56 | $155,782.70 |
| 172967EW7 | CITIGROUP INC 8.12500 07/15/2039 | US | 266,445.35 | $411,665.90 | |
| 191216100 | COCA COLA CO/THE | US | KO | 5,802.59 | $285,081.13 |
| 194162103 | COLGATE-PALMOLIVE CO | US | CL | 1,337.16 | $93,093.14 |
| 20369C106 | COMMUNITY HEALTHCARE TRUST I | US | CHCT | 1,243.41 | $48,654.70 |
| 2099084 | BORALEX INC -A | CA | BLX CN | 1,169.4 | $15,971.52 |
| 21036PAM0 | CONSTELLATION BRANDS INC 3.87500 11/15/2019 | US | 276,313.7 | $277,633.16 | |
| 222795106 | COUSINS PROPERTIES INC | US | CUZ | 3,779.58 | $34,205.17 |
| 22282E102 | COVANTA HOLDING CORP | US | CVA | 3,266.42 | $55,071.89 |
| 22546QAD9 | CREDIT SUISSE AG 5.40000 01/14/2020 | CH | 542,759.05 | $551,102.87 | |
| 22822V101 | CROWN CASTLE INTL CORP | US | CCI | 606.9 | $78,903.50 |
| 22944PAA5 | CSMC 2013-TH1 A1 2.13000 02/25/2043 | US | 92,535.13 | $90,361.20 | |
| 229663109 | CUBESMART | US | CUBE | 375 | $12,644.90 |
| 23311RAD8 | DCP MIDSTREAM OPERATING 5.35000 03/15/2020 | US | 24,670.87 | $24,948.41 | |
| 25271C102 | DIAMOND OFFSHORE DRILLING | US | DO | 5,121.67 | $40,307.56 |
| 253868103 | DIGITAL REALTY TRUST INC | US | DLR | 236.84 | $27,880.84 |
| 25470DAT6 | DISCOVERY COMMUNICATIONS 5.20000 09/20/2047 | US | 542,759.05 | $543,568.67 | |
| 256677105 | DOLLAR GENERAL CORP | US | DG | 572.36 | $72,850.50 |
| 25787GAC4 | DONNELLEY FINANCIAL SOL 8.25000 10/15/2024 | US | 19,736.69 | $20,180.77 | |
| 25960P109 | DOUGLAS EMMETT INC | US | DEI | 419.4 | $16,897.82 |
| 26078J100 | DU PONT DE NEMOURS INC | US | DWDP | 1,248.35 | $38,099.51 |
| 26780TAA5 | DYNAGAS LNG PARTNERS/FIN 6.25000 10/30/2019 | MH | 35,526.05 | $33,595.21 | |
| 269246401 | ETRADE FINANCIAL CORP | US | ETFC | 1,421.04 | $63,662.68 |
| 2715777 | QUEBECOR INC -CL B | CA | QBR/B CN | 3,098.66 | $73,133.53 |
| 2801836 | SHAW COMMUNICATIONS INC-B | CA | SJR/B CN | 3,483.53 | $70,747.85 |
| 285512109 | ELECTRONIC ARTS | US | EA | 2,077.29 | $193,353.87 |
| 291011104 | EMERSON ELEC CO | US | EMR | 553.61 | $33,349.72 |
| 29273RAR0 | ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 | US | 384,865.51 | $433,121.58 | |
| 29444U700 | EQUINIX INC | US | EQIX | 749.99 | $364,339.74 |
| 29446M102 | EQUINOR ASA-SPON ADR | NO | EQNR | 1,796.04 | $34,394.15 |
| 29472R108 | EQUITY LIFESTYLE PROPERTIES | US | ELS | 177.63 | $21,610.49 |
| 29476L107 | EQUITY RESIDENTIAL | US | EQR | 764.8 | $58,560.49 |
| 29670E107 | ESSENTIAL PROPERTIES REALTY | US | EPRT | 906.9 | $19,280.72 |
| 297178105 | ESSEX PROPERTY TRUST INC | US | ESS | 133.22 | $38,866.38 |
| 30161N101 | EXELON CORP | US | EXC | 616.77 | $29,654.38 |
| 302154BV0 | EXPORT-IMPORT BANK KOREA 2.62500 12/30/2020 | KR | 986,834.64 | $988,293.18 | |
| 30225T102 | EXTRA SPACE STORAGE INC | US | EXR | 133.22 | $14,276.14 |
| 30231G102 | EXXON MOBIL CORP | US | XOM | 1,613.47 | $114,185.60 |
| 302491303 | FMC CORP | US | FMC | 858.55 | $63,060.21 |
| 30262DAL5 | FREMF 2011-K13 B 4.61178 01/25/2048 | US | 317,271.28 | $326,188.89 | |
| 30264DAA7 | FS ENERGY & POWER FUND 7.50000 08/15/2023 | US | 39,473.39 | $39,868.12 | |
| 30287EAE0 | FREMF 2014-K41 B FLT 3.83223 11/25/2047 | US | 269,405.86 | $278,649.09 | |
| 30291YAJ9 | FREMF 2014-K716 B FLT 3.94824 08/25/2047 | US | 445,062.42 | $455,536.92 | |
| 3128M5VT4 | FHLM POOL G03926 6.00000 02/01/2038 | US | 37,032.22 | $41,596.38 | |
| 3128M7C95 | FHLM POOL G05196 5.50000 10/01/2038 | US | 36,012.57 | $39,399.04 | |
| 3128M7KW5 | FHLM POOL G05409 5.50000 03/01/2039 | US | 31,961.76 | $34,946.44 | |
| 3128P75X7 | FHLM POOL C91762 4.50000 05/01/2034 | US | 110,642.45 | $117,278.57 | |
| 312941F69 | FHLM POOL A92889 4.50000 07/01/2040 | US | 139,864.97 | $149,658.49 | |
| 312941ZQ3 | FHLM POOL Q93451 4.50000 08/01/2040 | US | 151,271.35 | $161,850.11 | |
| 3132M45M3 | FHLM POOL Q24752 3.50000 02/01/2044 | US | 172,016.7 | $176,865.23 | |
| 3132QUNJ8 | FHLM POOL Q37592 4.00000 12/01/2045 | US | 223,404.6 | $233,009.44 | |
| 3132WKQ84 | FHLM POOL Q45878 3.00000 12/01/2046 | US | 304,378.42 | $306,783.14 | |
| 31335AFY9 | FHLM POOL G60183 4.00000 12/01/2044 | US | 106,403.28 | $110,669.64 | |
| 31335ALP1 | FHLM POOL G60334 4.50000 10/01/2041 | US | 119,733.13 | $128,096.28 | |
| 31335CCY8 | FHLM POOL FG G61887 MTGE 5.00000 02/01/2049 | US | 287,823.88 | $303,900.19 | |
| 3136AY6W8 | FNA 2017-M15 A1 2.95932 09/25/2027 | US | 273,750.96 | $281,853.35 | |
| 3136B1YD0 | FNR 2018-31 KP 3.50000 07/25/2047 | US | 310,784.14 | $321,667.74 | |
| 313747206 | FEDERAL RLTY INVT TR SH BEN INT | US | FRT | 64.14 | $8,385.58 |
| 3137F4YU0 | FHR 4791 BA MTGE 4.00000 03/15/2044 | US | 362,377.44 | $374,479.22 | |
| 3137FG2L8 | FHR 4801 BA MTGE 4.50000 05/15/2044 | US | 361,008.45 | $376,358.83 | |
| 3138EGE26 | FEDERAL NATL MTG ASSN AL0152 6.00000 06/01/2040 | US | 80,222.37 | $89,996.91 | |
| 3138EQST0 | FEDERAL NATL MTG ASSN AL7729 4.00000 06/01/2043 | US | 72,219.82 | $75,144.92 | |
| 3138ETT89 | FEDERAL NATL MTG ASSN AL8674 FLT 5.65000 01/01/2049 | US | 142,718.59 | $158,718.17 | |
| 3138WDAY7 | FEDERAL NATL MTG ASSN FN AS3622 3.50000 10/01/2044 | US | 628,448.39 | $647,332.57 | |
| 3138YTGK4 | FEDERAL NATL MTG ASSN AZ2001 3.50000 05/01/2045 | US | 296,747.9 | $306,262.75 | |
| 3140E2GZ8 | FEDERAL NATL MTG ASSN AZ9215 4.00000 10/01/2045 | US | 97,880.28 | $101,735.15 | |
| 3140FEX33 | FEDERAL NATL MTG ASSN BD6997 4.00000 10/01/2046 | US | 95,144.56 | $98,656.39 | |
| 3140FTWF4 | FEDERAL NATL MTG ASSN BE7845 4.50000 02/01/2047 | US | 113,979.99 | $120,625.52 | |
| 3140HPMQ7 | FEDERAL NATIONAL MTGE FN BK9366 4.50000 08/01/2048 | US | 134,266.76 | $140,810.49 | |
| 3140JGVQ5 | FEDERAL NATL MTG ASSN FN BN0622 4.50000 01/01/2049 | US | 327,793.77 | $343,377.59 | |
| 3140Q84E2 | FEDERAL NATL MTG ASSN FN CA1720 5.00000 05/01/2048 | US | 635,958.57 | $671,547.14 | |
| 3140Q9JA2 | FEDERAL NATL MTGE ASSN FN CA2056 4.50000 07/01/2048 | US | 685,390.48 | $718,758.25 | |
| 3140Q9PD9 | FEDERAL NATL MTG ASSN FN CA2219 5.00000 08/01/2048 | US | 258,967.49 | $273,460.71 | |
| 31410GCD3 | FEDERAL NATL MTG ASSN 888468 5.50000 09/01/2021 | US | 11,119.01 | $11,272.72 | |
| 31410GN33 | FEDERAL NATL MTG ASSN 888810 5.50000 11/01/2022 | US | 13,645.5 | $13,836.77 | |
| 31410LC75 | FEDERAL NATL MTG ASSN 890294 5.50000 01/01/2039 | US | 78,606.88 | $86,216.64 | |
| 31410LD74 | FHLM POOL 890326 5.50000 01/01/2040 | US | 82,645.62 | $90,674.25 | |
| 31417YJC2 | FEDERAL NATL MTG ASSN MA0258 4.50000 12/01/2039 | US | 101,761.75 | $108,737.75 | |
| 31418BBC9 | FEDERAL NATL MTG ASSN MA1834 4.50000 02/01/2034 | US | 73,497.98 | $77,716.17 | |
| 31418BDH6 | FEDERAL NATL MTG ASSN MA1903 4.50000 05/01/2034 | US | 84,766.74 | $89,782.36 | |
| 31418C4M3 | FEDERAL NATL MTG ASSN FN MA3527 5.00000 11/01/2048 | US | 544,723.67 | $574,881.36 | |
| 31418CAF1 | FEDERAL NATL MTG ASSN FN MA2705 3.00000 08/01/2046 | US | 305,575.58 | $308,248.08 | |
| 31418CZ56 | FEDERAL NATL MTG ASSN FN MA3463 4.00000 09/01/2033 | US | 324,795.25 | $335,688.96 | |
| 31418MKV3 | FEDERAL NATL MTG ASSN AD0307 5.50000 01/01/2039 | US | 40,465.98 | $44,333.80 | |
| 31419AU62 | FEDERAL NATL MTG ASSN AE0604 6.00000 07/01/2039 | US | 46,206.49 | $51,875.80 | |
| 31428X106 | FEDEX CORPORATION | US | FDX | 799.34 | $123,321.57 |
| 315786AC7 | FIDELITY & GUARA NTY LIFE 5.50000 05/01/2025 | US | 29,605.04 | $30,004.71 | |
| 31620R303 | FNF GROUP | US | FNF | 458.88 | $17,689.75 |
| 32054K103 | FIRST INDUSTRIAL REALTY TR | US | FR | 424.34 | $14,728.80 |
| 33834YAA6 | FIVE POINT OP CO LP/FIVE 7.87500 11/15/2025 | US | 9,868.35 | $9,819.00 | |
| 346232AD3 | FORESTAR GROUP INC 8.00000 04/15/2024 | US | 39,473.39 | $40,065.49 | |
| 34960PAB7 | FORTRESS TRANS & INFRAST 6.50000 10/01/2025 | US | 34,539.21 | $34,711.91 | |
| 35802XAD5 | FRESENIUS MED CARE II 5.62500 07/31/2019 | US | 1,406,239.36 | $1,410,964.77 | |
| 36143WAN1 | GAHR 2015-NRF BFX FLT 3.38216 12/15/2034 | US | 300,984.56 | $300,068.94 | |
| 36143WAS0 | GAHR 2015-NRF DFX FLT 3.38216 12/15/2034 | US | 1,273,016.68 | $1,267,135.73 | |
| 36246MAT6 | GTP AQUISITION PARTNERS 2.35000 06/15/2020 | US | 93,749.29 | $93,283.14 | |
| 363576109 | ARTHUR J GALLAGHER & CO | US | AJG | 424.34 | $35,729.33 |
| 369604BQ5 | GENERAL ELECTRIC CO 5.00000 01/21/2021 | US | 493,417.32 | $459,124.81 | |
| 37045VAR1 | GENERAL MOTORS CO FLT 3.50063 09/10/2021 | US | 370,062.99 | $369,694.87 | |
| 37045XAR7 | GENERAL MOTORS FINL CO 3.15000 01/15/2020 | US | 552,627.4 | $553,483.97 | |
| 37185LAF9 | GENESIS ENERGY LP/GENESI 5.62500 06/15/2024 | US | 29,605.04 | $27,828.74 | |
| 372460105 | GENUINE PARTS CO | US | GPC | 537.82 | $53,190.88 |
| 374297109 | GETTY REALTY CORP | US | GTY | 498.35 | $15,428.96 |
| 375558103 | GILEAD SCIENCES INC | US | GILD | 996.7 | $62,044.76 |
| 37953TAB1 | GLOBAL SHIP LEASE INC 9.87500 11/15/2022 | MH | 44,407.56 | $45,073.67 | |
| 38141GVR2 | GOLDMAN SACHS GROUP INC 4.25000 10/21/2025 | US | 256,577.01 | $265,729.54 | |
| 38378HVC7 | GNR 2012-113 PY 2.50000 09/20/2042 | US | 246,708.66 | $239,705.72 | |
| 38379RRX3 | GNR 2017-54 AH MTGE 2.60000 12/16/2056 | US | 315,977.81 | $309,965.06 | |
| 388689101 | GRAPHIC PACKAGING HOLDING CO | US | GPK | 6,547.65 | $85,119.42 |
| 40060QAA3 | GTCR AP FINANCE INC 8.00000 05/15/2027 | US | 4,934.17 | $4,835.49 | |
| 404139AD9 | HC2 HOLDINGS INC 11.50000 12/01/2021 | US | 9,868.35 | $8,585.46 | |
| 40414L109 | HCP INC | US | HCP | 893.09 | $28,319.74 |
| 406216101 | HALLIBURTON CO | US | HAL | 7,687.44 | $163,665.64 |
| 421946104 | HEALTHCARE REALTY TRUST INC | US | HR | 1,376.63 | $44,382.69 |
| 42225P501 | HEALTHCARE TRUST OF AMERICA | US | HTA | 1,874.99 | $53,980.84 |
| 42809H107 | HESS CORP | US | HES | 680.92 | $38,035.96 |
| 43300A203 | HILTON WORLDWIDE HOLDINGS INC | US | HLT | 207.24 | $18,535.12 |
| 437076102 | HOME DEPOT INC | US | HD | 575.32 | $109,225.37 |
| 438128308 | HONDA MOTOR CO LTD -SPONS ADR | JP | HMC | 1,557.23 | $38,323.31 |
| 438516106 | HONEYWELL INTERNATIONAL INC | US | HON | 451.97 | $74,263.23 |
| 44107P104 | HOST MARRIOTT CORP | US | HST | 947.36 | $17,156.71 |
| 444454AD4 | HUGHES SATELLITE SYSTEMS 5.25000 08/01/2026 | US | 39,473.39 | $39,287.07 | |
| 452308109 | ILLINOIS TOOL WKS INC | US | ITW | 253.62 | $35,415.01 |
| 45337C102 | INCYTE CORP | US | INCY | 1,766.43 | $138,894.71 |
| 45378A106 | INDEPENDENCE REALTY TRUST IN | US | IRT | 3,251.62 | $35,702.79 |
| 458140100 | INTEL CORP | US | INTC | 4,120.03 | $181,446.32 |
| 45866F104 | INTERCONTINENTALEXCHANGE INC | US | ICE | 1,894.72 | $155,765.14 |
| 459200101 | INTERNATIONAL BUSINESS MACH CORP | US | IBM | 581.25 | $73,812.38 |
| 46187BAA1 | IHSFR 2017-SFR2 A 3.28238 12/17/2036 | US | 75,454.34 | $74,947.84 | |
| 46187BAB9 | IHSFR 2017-SFR2 B 3.58238 12/17/2036 | US | 59,210.08 | $59,058.05 | |
| 46187W107 | INVITATION HOMES INC | US | INVH | 1,181.24 | $30,275.21 |
| 464287598 | ISHARES RUSSELL 1000 VALUE | US | 695.72 | $83,187.05 | |
| 466032109 | J&J SNACK FOODS CORP | US | JJSF | 325.66 | $52,381.68 |
| 46625H100 | JP MORGAN CHASE & CO | US | JPM | 2,338.8 | $247,819.05 |
| 46640BAC8 | JPMMT 2013-2 A2 3.50000 05/25/2043 | US | 78,991.18 | $79,869.72 | |
| 46641YAA1 | JPMMT 2014-2 1A1 3.00000 06/25/2029 | US | 101,300.65 | $101,967.49 | |
| 46647PAY2 | JPMORGAN CHASE & CO 4.02300 12/05/2024 | US | 374,997.16 | $392,956.95 | |
| 46647SAE0 | JPMMT 2017-3 1A3 3.50000 08/25/2047 | US | 301,486.73 | $303,905.26 | |
| 46648HAE3 | JPMMT 2017-2 A5 3.50000 05/25/2047 | US | 308,694.69 | $311,865.92 | |
| 46648HAF0 | JPMMT 2017-2 A6 3.00000 05/25/2047 | US | 331,560.96 | $329,619.28 | |
| 4741844 | MERCK KGAA | DE | MRK GR | 2,526.3 | $243,795.26 |
| 476405105 | JERNIGAN CAPITAL INC | US | JCAP | 2,328.93 | $49,187.00 |
| 478160104 | JOHNSON & JOHNSON | US | JNJ | 5,134.5 | $673,389.75 |
| 47987LAA9 | JONAH NRG LLC/FINANCE 7.25000 10/15/2025 | US | 54,275.9 | $31,887.09 | |
| 485170302 | KANSAS CITY SOUTHERN | US | KSU | 611.84 | $69,308.95 |
| 493267108 | KEYCORP | US | KEY | 1,786.17 | $28,525.15 |
| 494368103 | KIMBERLY CLARK CORP | US | KMB | 310.85 | $39,754.98 |
| 49446R109 | KIMCO REALTY CORP | US | KIM | 754.93 | $13,135.76 |
| 494550AW6 | KINDER MORGAN ENER PART 6.95000 01/15/2038 | US | 661,179.21 | $814,184.70 | |
| 49456BAE1 | KINDER MORGAN INC/ DELAWA 3.05000 12/01/2019 | US | 552,627.4 | $553,112.35 | |
| 50050N103 | KONTOOR BRANDS INC | US | KTB | 52.16 | $1,528.32 |
| 500630CK2 | KOREA DEVELOPMENT BANK 1.37500 09/12/2019 | KR | 592,100.78 | $590,565.60 | |
| 50187TAE6 | LGI HOMES INC 6.87500 07/15/2026 | US | 49,341.73 | $49,711.79 | |
| 50212YAB0 | LPL HOLDINGS INC 5.75000 09/15/2025 | US | 29,605.04 | $29,753.06 | |
| 502160AM6 | LSB INDUSTRIES 9.62500 05/01/2023 | US | 19,736.69 | $20,353.46 | |
| 529043101 | LEXINGTON REALTY TRUST | US | LXP | 3,567.41 | $32,713.12 |
| 531172104 | LIBERTY PROPERTY TRUST | US | LPT | 666.11 | $31,620.40 |
| 534187109 | LINCOLN NATL CORP IND | US | LNC | 296.05 | $17,600.20 |
| 53815P108 | LIVERAMP HOLDINGS INC | US | RAMP | 2,398.01 | $123,209.66 |
| 539830109 | LOCKHEED MARTIN CORP | US | LMT | 188.49 | $63,809.85 |
| 54238XAC2 | LONESTAR RESOURCES AMERICA 11.25000 01/01/2023 | US | 19,736.69 | $19,193.93 | |
| 550021109 | LULULEMON - ADR | CA | LULU | 1,628.28 | $269,626.41 |
| 55933JAB0 | MAGNACHIP SEMICONDUCTOR 6.62500 07/15/2021 | US | 38,486.55 | $36,947.09 | |
| 563571AL2 | MANITOWOC COMPANY INC 9.00000 04/01/2026 | US | 9,868.35 | $9,596.97 | |
| 56585A102 | MARATHON PETROLEUM CORP | US | MPC | 656.25 | $30,180.71 |
| 5671735 | SANOFI-AVENTIS | FR | SAN FP | 444.08 | $35,862.56 |
| 57636Q104 | MASTERCARD INC-CLASS A | US | MA | 1,786.17 | $449,204.07 |
| 58933Y105 | MERCK & CO INC | US | MRK | 4,098.32 | $324,628.26 |
| 594918104 | MICROSOFT CORP | US | MSFT | 5,180.88 | $640,771.47 |
| 59522J103 | MID-AMERICA APARTMENT COMM | US | MAA | 231.91 | $26,479.04 |
| 60871R209 | MOLSON COORS BREWING CO -B | US | TAP | 725.32 | $39,878.28 |
| 609207105 | MONDELEZ INTERNATIONAL INC | US | MDLZ | 8,069.35 | $410,326.29 |
| 615369105 | MOODY'S CORPORATION | US | MCO | 730.26 | $133,549.52 |
| 61744YAG3 | MORGAN STANLEY FLT 3.77988 05/08/2024 | US | 848,677.79 | $857,854.54 | |
| 61965RAB1 | MOSS CREEK RESOURCES HLD 10.50000 05/15/2027 | US | 4,934.17 | $4,557.94 | |
| 62426EAA3 | MOUNTAIN PROVINCE DIAMON 8.00000 12/15/2022 | CA | 39,473.39 | $39,374.70 | |
| 62957HAC9 | NABORS INDUSTRIES INC 5.50000 01/15/2023 | US | 19,736.69 | $17,313.03 | |
| 637417106 | NATIONAL RETAIL PROPERTIES | US | NNN | 300.98 | $16,111.70 |
| 637870106 | NATIONAL STORAGE AFFILIATES | US | NSA | 325.66 | $9,701.28 |
| 63902MAE8 | NATURAL RESRCE PART LP 9.12500 06/30/2025 | US | 4,934.17 | $5,020.52 | |
| 63940YAA4 | NAVSL 2019-CA A1 2.82000 02/15/2068 | US | 276,313.7 | $277,463.69 | |
| 63941RAB6 | NAVSL 2019-2A A2 3.48000 02/27/2068 | US | 542,759.05 | $547,535.82 | |
| 64829DAG1 | NRZT 2014-3A AFX3 3.75000 11/25/2054 | US | 85,856.26 | $87,817.76 | |
| 64829EAA2 | NRZT 2015-2A A1 3.75000 08/25/2055 | US | 96,455.99 | $99,507.49 | |
| 64829LAA6 | NRZT 2016-4A A1 3.75000 11/25/2056 | US | 128,483.19 | $131,418.22 | |
| 6499550 | KYOWA KIRIN CO LTD | JP | 4151 JP | 3,848.66 | $72,442.15 |
| 66727WAA0 | NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 | CA | 44,407.56 | $34,526.88 | |
| 66987V109 | NOVARTIS AG- REG | CH | NVS | 6,034.49 | $516,794.05 |
| 67059TAD7 | NUSTAR LOGISTICS LP 6.75000 02/01/2021 | US | 19,736.69 | $20,427.48 | |
| 67103H107 | O'REILLY AUTOMOTIVE INC | US | ORLY | 118.42 | $43,977.69 |
| 674599105 | OCCIDENTAL PETROLEUM CORP | US | OXY | 626.64 | $31,187.87 |
| 68323ADY7 | ONTARIO (PROVINCE OF) 1.25000 06/17/2019 | CA | 203,287.93 | $203,196.46 | |
| 693475105 | PNC FINANCIAL SERVICES GROUP | US | PNC | 172.7 | $21,977.30 |
| 70014LAC4 | PARK AEROSPACE HOLDINGS 4.50000 03/15/2023 | KY | 24,670.87 | $24,946.44 | |
| 70338P100 | PATTERN ENERGY GROUP INC -A | US | PEGI | 1,154.6 | $24,488.99 |
| 7123870 | NESTLE SA-REGISTERED | CH | NESN SW | 2,970.37 | $294,657.21 |
| 713448108 | PEPSICO INC | US | PEP | 2,659.52 | $340,418.48 |
| 71654V101 | PETROLEO BRASIL-SP PREF ADR | BR | PBR/A | 3,699.64 | $48,021.37 |
| 717081103 | PFIZER INC | US | PFE | 3,143.07 | $130,500.20 |
| 71943U104 | PHYSICIANS REALTY TRUST | US | DOC | 3,152.94 | $57,730.27 |
| 729640102 | PLYMOUTH INDUSTRIAL REIT INC | US | 853.61 | $15,177.22 | |
| 741503AZ9 | BOOKING HOLDINGS INC 3.60000 06/01/2026 | US | 779,599.36 | $807,769.63 | |
| 74251V102 | PRINCIPAL FINANCIAL GROUP | US | PFG | 330.59 | $17,048.51 |
| 74333KAA6 | PROG 2017-SFR2 A 2.89700 12/17/2034 | US | 148,025.2 | $148,622.05 | |
| 74333NAA0 | PROGRESS RESIDENTIAL TRUST 3.14700 05/17/2036 | US | 276,313.7 | $279,704.56 | |
| 74340W103 | PROLOGIS | US | PLD | 1,041.11 | $76,698.61 |
| 744320AL6 | PRUDENTIAL FINANCIAL INC 5.87500 09/15/2042 | US | 493,417.32 | $516,854.64 | |
| 74460D109 | PUBLIC STORAGE INC | US | PSA | 172.7 | $41,080.94 |
| 749685103 | RPM INTERNATIONAL INC | US | RPM | 952.3 | $50,966.85 |
| 756109104 | REALTY INCOME CORP | US | O | 138.16 | $9,682.03 |
| 7591EP100 | REGIONS FINANCIAL CORP. | US | RF | 1,144.73 | $15,831.59 |
| 760759100 | REPUBLIC SERVICES INC | US | RSG | 429.27 | $36,312.21 |
| 767204100 | RIO TINTO PLC - SPON ADR | GB | RIO | 1,059.86 | $61,397.71 |
| 77340RAK3 | ROCKIES EXPRESS PIPELINE 5.62500 04/15/2020 | US | 44,407.56 | $45,072.34 | |
| 77714PAB5 | SEMGROUP / ROSE ROCK FIN 5.62500 07/15/2022 | US | 29,605.04 | $29,308.99 | |
| 780259107 | ROYAL DUTCH SHELL PLC-ADR B | NL | RDS/B | 582.23 | $36,599.13 |
| 78409V104 | S&P GLOBAL INC | US | SPGI | 641.44 | $137,191.72 |
| 78410G104 | SBA COMMUNICATIONS CORP | US | SBAC | 720.39 | $155,899.44 |
| 78442PGC4 | SLM CORP 5.12500 04/05/2022 | US | 39,473.39 | $38,486.55 | |
| 78470NAB2 | SOFI 2015-D A2 2.72000 10/27/2036 | US | 83,002.6 | $83,102.17 | |
| 78470RAC1 | SOFI 2016-E A2B 2.49000 01/25/2036 | US | 253,280.82 | $252,790.26 | |
| 785592AV8 | SABINE PASS LIQUEFACTION 5.87500 06/30/2026 | US | 779,599.36 | $866,037.33 | |
| 80282KAE6 | SANTANDER HOLDINGS USA 4.50000 07/17/2025 | US | 513,154.01 | $538,473.35 | |
| 806857108 | SCHLUMBERGER LTD | NL | SLB | 3,779.58 | $131,113.51 |
| 808513105 | CHARLES SCHWAB CORP/THE | US | SCHW | 3,108.53 | $129,345.90 |
| 81211K100 | SEALED AIR CORP | US | SEE | 1,179.27 | $49,411.30 |
| 812578102 | SEATTLE GENETICS INC | US | SGEN | 2,101.96 | $136,774.39 |
| 81745EAA7 | SEMT 2013-8 A1 3.00000 06/25/2043 | US | 113,211.55 | $112,791.93 | |
| 81762P102 | SERVICENOW INC | US | NOW | 305.92 | $80,129.29 |
| 822538AE4 | SHELF DRILL HOLD LTD 8.25000 02/15/2025 | KY | 29,605.04 | $27,384.66 | |
| 828806109 | SIMON PROPERTY GROUP INC | US | SPG | 483.55 | $78,378.45 |
| 831641FC4 | SBIC 2015-10A 1 2.51700 03/10/2025 | US | 90,628.82 | $91,839.34 | |
| 83401BAA4 | SOFI 2017-F A1FX 2.05000 01/25/2041 | US | 41,298.94 | $41,116.92 | |
| 83401BAB2 | SOFI 2017-F A2FX 2.84000 01/25/2041 | US | 74,012.6 | $74,736.22 | |
| 83402JAC2 | SOFI 2016-B A2B 2.74000 10/25/2032 | US | 67,808.62 | $67,920.33 | |
| 83404YAA1 | SCLP 2016-5 A 3.06000 09/25/2028 | US | 117,383.92 | $117,901.18 | |
| 83405LAA8 | SCLP 2017-5 A1 2.14000 09/25/2026 | US | 23,385.14 | $23,357.58 | |
| 83405TAA1 | SCLP 2019-3 A MTGE 2.90000 05/25/2028 | US | 276,313.7 | $277,269.99 | |
| 83406CAA7 | SCLP 2019-2 A MTGE 3.01000 04/25/2028 | US | 236,840.31 | $238,187.48 | |
| 83406EAB1 | SOFI 2018-A A2A 2.39000 02/25/2042 | US | 91,634.54 | $91,440.00 | |
| 835495102 | SONOCO PRODUCTS CO | US | SON | 606.9 | $37,524.83 |
| 84265VAD7 | SOUTHERN COPPER CORP 5.37500 04/16/2020 | US | 759,862.67 | $776,805.74 | |
| 845467AL3 | SOUTHWESTERN ENERGY CO 6.20000 01/23/2025 | US | 49,341.73 | $45,872.51 | |
| 85207UAH8 | SPRINT CORP 7.12500 06/15/2024 | US | 14,802.52 | $15,394.62 | |
| 85254J102 | STAG INDUSTRIAL INC | US | STAG | 1,435.84 | $41,897.94 |
| 855030AN2 | STAPLES INC 7.50000 04/15/2026 | US | 29,605.04 | $28,424.09 | |
| 85571XAA5 | SRPT 2014-STAR A FLTG RATE 3.65963 11/15/2027 | US | 252,227.89 | $251,437.27 | |
| 862121100 | STORE CAPITAL CORP | US | STOR | 281.25 | $9,624.30 |
| 866674104 | SUN COMMUNITIES | US | SUI | 296.05 | $37,382.28 |
| 867892101 | SUNSTONE HOTEL INVESTORS INC | US | SHO | 809.2 | $10,859.52 |
| 87612E106 | TARGET CORP | US | TGT | 715.46 | $57,558.36 |
| 876664103 | TAUBMAN CTRS INC | US | TCO | 118.42 | $5,253.12 |
| 87854WAA1 | TECHNIPLAS LLC 10.00000 05/01/2020 | US | 34,539.21 | $31,776.08 | |
| 88160RAE1 | TESLA INC 5.30000 08/15/2025 | US | 4,934.17 | $4,021.45 | |
| 882508104 | TEXAS INSTRUMENTS INC | US | TXN | 615.78 | $64,232.51 |
| 88579Y101 | 3M CO | US | MMM | 447.04 | $71,414.02 |
| 88650V208 | TIER REIT INC | US | TIER | 1,184.2 | $31,878.71 |
| 89151E109 | TOTAL S A SPONSORED ADR | FR | TOT | 1,158.54 | $59,665.01 |
| 89173CAA5 | TPMT 2016-5 A1 2.50000 10/25/2056 | US | 203,068.27 | $201,812.08 | |
| 89173FAA8 | TPMT 2017-1 A1 2.75000 10/25/2056 | US | 183,445.06 | $183,079.87 | |
| 89177EAA7 | TPMT 2019-HY1 A1 3.42975 10/25/2048 | US | 183,302.34 | $184,039.91 | |
| 89613BAA5 | TAH 2016-SFR1 A 2.58900 11/17/2033 | US | 215,931.83 | $215,241.69 | |
| 89613FAA6 | TAH 2017-SFR2 A 2.92800 01/17/2036 | US | 196,871.8 | $197,825.35 | |
| 901109AF5 | TUTOR PERINI CORP 6.87500 05/01/2025 | US | 35,526.05 | $34,117.44 | |
| 902653104 | UDR INC | US | UDR | 685.85 | $30,712.37 |
| 902973304 | U.S. BANCORP | US | USB | 1,154.6 | $57,960.75 |
| 903002103 | UMH PROPERTIES INC | US | UMH | 606.9 | $8,077.88 |
| 904767704 | UNILEVER PLC - ADR | GB | UL | 6,093.7 | $371,167.50 |
| 907818108 | UNION PAC CORP | US | UNP | 446.05 | $74,392.09 |
| 911312106 | UNITED PARCEL SERVICE | US | UPS | 1,257.23 | $116,821.56 |
| 912796SJ9 | TREASURY BILL 0.00000 09/19/2019 | US | 2,748,334.46 | $2,729,381.25 | |
| 912810PT9 | UNITED STATES TREAS BOND 4.75000 02/15/2037 | US | 911,835.2 | $1,233,007.78 | |
| 912810QV3 | UNITED STATES TREAS INFL INDEX 0.75000 02/15/2042 | US | 369,020.25 | $371,618.63 | |
| 912810RK6 | US TREASURY N/B 2.50000 02/15/2045 | US | 816,112.24 | $804,826.94 | |
| 9128283W8 | US TREASURY N/B 2.75000 02/15/2028 | US | 1,509,856.99 | $1,585,998.62 | |
| 9128286B1 | US TREASURY N/B 2.62500 02/15/2029 | US | 1,712,158.09 | $1,784,055.36 | |
| 912828K33 | UNITED STATES TREAS INFL INDEX 0.12500 04/15/2020 | US | 3,084,332.06 | $3,059,633.32 | |
| 912828R36 | US TREASURY N/B 1.62500 05/15/2026 | US | 1,564,132.9 | $1,522,768.91 | |
| 912828X88 | US TREASURY N/B 2.37500 05/15/2027 | US | 1,534,527.86 | $1,568,335.42 | |
| 912828XB1 | UNITED STATES TREAS NTS 2.12500 05/15/2025 | US | 1,504,922.82 | $1,515,327.94 | |
| 913017109 | UNITED TECHNOLOGIES CORP | US | UTX | 543.75 | $68,675.11 |
| 91704F104 | URBAN EDGE PROPERTIES | US | UE | 1,100.32 | $18,980.53 |
| 918204108 | VF CORP | US | VFC | 365.13 | $29,896.75 |
| 91913Y100 | VALERO ENERGY | US | VLO | 390.79 | $27,511.37 |
| 92276F100 | VENTAS INC | US | VTR | 503.29 | $32,361.27 |
| 92339V100 | VEREIT INC | US | VER | 2,985.17 | $26,508.35 |
| 92343V104 | VERIZON COMMUNICATIONS | US | VZ | 1,189.14 | $64,629.53 |
| 92343VDV3 | VERIZON COMMUNICATIONS 5.50000 03/16/2047 | US | 690,784.24 | $835,402.82 | |
| 92532F100 | VERTEX PHARMACEUTICALS INC | US | VRTX | 809.2 | $134,473.59 |
| 92826C839 | VISA INC - CLASS A SHARES | US | V | 2,674.32 | $431,448.35 |
| 92840JAA7 | VISTAJET MALTA/XO MGMT 10.50000 06/01/2024 | MUL | 19,736.69 | $19,217.62 | |
| 929042109 | VORNADO REALTY TRUST | US | VNO | 271.38 | $17,973.47 |
| 92922PAL0 | W & T OFFSHORE INC 9.75000 11/01/2023 | US | 19,736.69 | $19,415.97 | |
| 92935JBC8 | WF-RBS COMMERCIAL MORTGAGE T FLT 4.86900 02/15/2044 | US | 336,202.89 | $346,155.73 | |
| 93065PAA9 | WBHT 2019-WBM A FLT 3.48963 12/15/2033 | US | 172,696.06 | $171,676.90 | |
| 931142103 | WAL MART STORES | US | WMT | 1,244.4 | $126,231.78 |
| 931427108 | WALGREENS BOOTS ALLIANCE INC | US | WBA | 777.63 | $38,368.05 |
| 94106L109 | WASTE MANAGEMENT INC | US | WM | 1,248.35 | $136,506.61 |
| 94856UAA9 | WEEKLEY HOMES LLC/ FINAN 6.62500 08/15/2025 | US | 34,539.21 | $33,934.78 | |
| 948741103 | WEINGARTEN REALTY INVESTORS | US | WRI | 715.46 | $20,175.83 |
| 949746101 | WELLS FARGO COMPANY | US | WFC | 4,026.29 | $178,646.28 |
| 95040Q104 | WELLTOWER INC. | US | WELL | 409.54 | $33,262.54 |
| 962178AL3 | TRI POINTE HOLDINGS INC 4.37500 06/15/2019 | US | 98,683.46 | $97,943.34 | |
| 962178AN9 | TRI POINTE GROUP / HOMES 5.87500 06/15/2024 | US | 29,605.04 | $29,314.02 | |
| 96949LAD7 | WILLIAMS PARTNERS LP 3.75000 06/15/2027 | US | 394,733.85 | $399,457.97 | |
| 97651JAE6 | WINWATER MORTGAGE LOAN TRUST 3.50000 03/20/2045 | US | 86,619.74 | $86,881.73 | |
| B29TNV3 | INNERGEX RENEWABLE ENERGY | CA | INE CN | 1,949 | $20,360.94 |
| B3ZD2V9 | MEX BONOS DESARR FIX RT 6.50000 06/10/2021 | MX | 271,379.52 | $13,475.96 | |
| B4888C1 | CANADIAN GOVERNMENT FLT 2.75000 06/01/2022 | CA | 32,565.54 | $25,047.23 | |
| B4NDCC9 | MEX BONOS DESARR FIX RT 6.50000 06/09/2022 | MX | 497,364.66 | $24,445.51 | |
| B4YN9R2 | SINGAPORE GOVERNMENT 2.50000 06/01/2019 | SG | 59,210.08 | $43,102.59 | |
| B615Y14 | MEX BONOS DESARR FIX RT 8.00000 06/11/2020 | MX | 723,349.79 | $36,897.62 | |
| B68XHC3 | NORTHLAND POWER INC | CA | NPI CN | 1,179.27 | $21,777.54 |
| B6TC406 | MEX BONOS DESARR FIX RT 7.75000 05/29/2031 | MX | 90,788.79 | $4,498.36 | |
| BBG00JQ6ZYX7 | BKNG US 06/21/19 P1650 | US | -.99 | -$3,605.89 | |
| BBG00KT3R5C3 | MDT US 06/21/19 P82.5 | IE | -12.83 | -$192.43 | |
| BBG00NWQ17B7 | DLTR US 5/31/19 P90 | US | -18.75 | -$93.75 | |
| BBG00NYKM5H3 | RAMP US 06/21/19 P50 | US | -22.7 | -$2,837.15 | |
| BBG00P3GM1T7 | ATVI US 06/28/19 P40 | US | -28.62 | -$1,602.62 | |
| BBG00P3LNW08 | EA US 06/14/19 P88 | US | -12.83 | -$1,372.69 | |
| BGHQ198 | HIBERNIA REIT PLC | IE | HBRN ID | 8,684.14 | $13,252.31 |
| BMMV2K8 | TENCENT HOLDINGS LTD | CN | 700 HK | 9,927.56 | $413,955.83 |
| BMTRW10 | B&M EUROPEAN VALUE RETAIL SA | GB | BME LN | 11,082.15 | $49,304.26 |
| BP9DL90 | INDUSTRIA DE DISENO TEXTIL | ES | ITX SM | 6,177.58 | $164,972.25 |
| BYYHL23 | ANHEUSER-BUSCH INBEV SA/NV | BE | ABI BB | 3,996.68 | $325,069.62 |
| G29183103 | EATON CORP PLC | US | ETN | 405.59 | $30,212.33 |
| G37585AC3 | GASLOG LTD 8.87500 03/22/2022 | BM | 59,210.08 | $60,912.37 | |
| G51502105 | JOHNSON CONTROLS INTERNATIONAL | US | JCI | 1,904.59 | $73,364.84 |
| G5960L103 | MEDTRONIC INC | IE | MDT | 6,518.04 | $603,440.40 |
| H01301128 | ALCON INC | CH | ALC | 1,124.99 | $65,452.00 |
| H1467J104 | CHUBB LTD | CH | CB | 256.58 | $37,478.20 |
| H8817H100 | TRANSOCEAN LTD | US | RIG | 8,309.15 | $51,516.72 |
| N47279109 | INTERXION HOLDING NV | NL | INXN | 3,927.6 | $289,503.53 |
| USD | US DOLLAR | US | 981,132.73 | $981,132.73 |
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.
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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