Search
Filter by type
Target Income Series
Target Income Series
Pro-Blend® Conservative Term Series
Pro-Blend® Extended Term Series
Pro-Blend® Maximum Term Series
Pro-Blend® Moderate Term Series
Target 2015 Series
Target 2020 Series
Target 2025 Series
Target 2030 Series
Target 2035 Series
Target 2040 Series
Target 2045 Series
Target 2050 Series
Target 2055 Series
Target 2060 Series
Target Income Series
Target Income Series Class I has merged into Pro-Blend Conservative Term Series Class I as of the close of business on Friday, 09/25/2020. The closing NAV for Target Income Series Class I is $9.9314 and the conversion ratio into Pro-Blend Conservative Term Series Class I is 0.922993.
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
$9.91
Daily $ Change
-$0.01
Daily % Change
-0.10%
as of 09/24/2020
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
Blended Asset Series Annual Report
Blended Asset Series Semi-Annual Report
The financial statements of the underlying investments should be read in conjunction with the Series’ financial statements. Beginning 10/16/2017, the underlying funds are the Manning & Napier Fund, Inc. Blended Asset Series. The Blended Asset Series are not currently available for direct investment.
Performance
As of 08/31/2020
YTD
6.51%
1 Year
9.12%
3 Year
6.16%
5 Year
5.90%
10 Year
5.51%
Inception
(03/28/2008)
5.32%
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 | 0.89% |
| 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 08/31/2020
| GOVERNMENT AGENCY | 11.23% |
| TSY INFL IX N/B 0.12500 04/15/2025 | 2.54% |
| TREASURY NOTES | 2.53% |
| TSY INFL IX N/B 2.00000 01/15/2026 | 1.75% |
| EXPORT-IMPORT BANK KOREA 2.62500 12/30/2020 | 1.54% |
| ALIBABA GROUP HOLDING 3.40000 12/06/2027 | 1.46% |
| SABINE PASS LIQUEFACTION 5.87500 06/30/2026 | 1.16% |
| BOOKING HOLDINGS INC 3.60000 06/01/2026 | 1.15% |
| AMERICAN TOWER CORP 3.80000 08/15/2029 | 1.13% |
| VERIZON COMMUNICATIONS 5.25000 03/16/2037 | 1.10% |
Top Ten Investments list is unaudited and excludes cash.
Asset Allocation
As of 08/31/2020
| Bonds | 62.57% |
| Stocks | 32.80% |
| Cash | 4.63% |
Detailed Asset Class Allocation
As of 08/31/2020
| International Equities | 7.17% |
| Small Capitalization | 1.22% |
| Mid Capitalization | 3.76% |
| Large Capitalization | 20.64% |
| Long Term Fixed Income | 22.61% |
| Intermediate Term Fixed Income | 35.25% |
| Short Term Fixed Income | 4.72% |
| Cash | 4.63% |
Due to rounding, the sum of the detailed asset class allocation categories may not equal the asset allocation totals provided above.
August Fund Holdings
As of 08/31/2020
| CUSIP | Security Description | Country | Ticker | Shares/Par | Market Value (USD) |
|---|---|---|---|---|---|
| 00206RDQ2 | AT&T INC 4.25000 03/01/2027 | US | 205,217.41 | $240,575.44 | |
| 00287Y109 | ABBVIE INC | US | ABBV | 1,950.54 | $186,803.46 |
| 00507V109 | ACTIVISION INC | US | ATVI | 3,048.94 | $254,647.83 |
| 00653VAA9 | ADAPTHEALTH LLC 6.12500 08/01/2028 | US | 24,430.64 | $25,591.10 | |
| 00774MAG0 | AERCAP IRELAND CAP / GLOBA 4.45000 10/01/2025 | IE | 635,196.73 | $636,624.58 | |
| 00791GAA5 | AG MERGER SUB II INC 10.75000 08/01/2027 | US | 19,544.51 | $19,935.41 | |
| 008492100 | AGREE REALTY CORP | US | ADC | 370.37 | $24,785.06 |
| 00912XAV6 | AIR LEASE CORP 3.62500 04/01/2027 | US | 263,850.95 | $264,403.56 | |
| 00914AAB8 | AIR LEASE CORP 3.75000 06/01/2026 | US | 254,078.69 | $259,806.42 | |
| 01166WAA5 | ALASKA AIR 2020-1 CL B 8.00000 08/15/2025 | US | 24,430.64 | $25,363.13 | |
| 015271109 | ALEXANDRIA REAL EST EQUITIES | US | ARE | 87.95 | $14,809.07 |
| 01609W102 | ALIBABA GROUP - ADR | CN | BABA | 879.5 | $252,443.79 |
| 01609WAT9 | ALIBABA GROUP HOLDING 3.40000 12/06/2027 | KY | 820,869.62 | $929,744.26 | |
| 02079K305 | ALPHABET INC-CL A | US | GOOGL | 156.36 | $254,786.99 |
| 023135106 | AMAZON.COM INC | US | AMZN | 117.27 | $404,684.03 |
| 0237400 | DIAGEO PLC | GB | DGE LN | 2,736.23 | $91,421.01 |
| 02406PBA7 | AMERICAN AXLE & MFG INC 6.87500 07/01/2028 | US | 14,658.39 | $15,266.12 | |
| 024835100 | AMERICAN CAMPUS COMMUNITIES | US | ACC | 772.99 | $26,204.21 |
| 02665T306 | AMERICAN HOMES 4 RENT- A | US | AMH | 1,529.36 | $43,800.82 |
| 03027X100 | AMERICAN TOWER REIT INC | US | AMT | 635.2 | $158,259.27 |
| 03027XAW0 | AMERICAN TOWER CORP 3.80000 08/15/2029 | US | 625,424.48 | $723,468.57 | |
| 03064D108 | AMERICOLD REALTY TRUST | US | COLD | 1,011.43 | $38,788.29 |
| 03217CAA4 | AMS AG 7.00000 07/31/2025 | AT | 195,445.15 | $203,262.95 | |
| 03690AAD8 | ANTERO MIDSTREAM PART / FI 5.75000 03/01/2027 | US | 24,430.64 | $21,804.35 | |
| 03690AAF3 | ANTERO MIDSTREAM PART/FI 5.75000 01/15/2028 | US | 14,658.39 | $13,082.61 | |
| 03748R754 | APARTMENT INVT & MGMT CO -A | US | AIV | 643.99 | $23,203.02 |
| 03784Y200 | APPLE HOSPITALITY REIT INC | US | APLE | 2,145.01 | $21,814.76 |
| 053015103 | AUTOMATIC DATA PROCESSING | US | ADP | 473.95 | $65,922.33 |
| 053484101 | AVALONBAY COMMUNITIES INC | US | AVB | 195.45 | $30,892.06 |
| 05401AAJ0 | AVOLON HOLDINGS FNDG LTD 3.25000 02/15/2027 | KY | 273,623.21 | $235,255.46 | |
| 060505104 | BANK OF AMERICA CORP | US | BAC | 7,959.5 | $204,877.62 |
| 06051GFM6 | BANK OF AMERICA CORP 4.00000 01/22/2025 | US | 361,573.53 | $405,204.04 | |
| 071734AH0 | BAUSCH HEALTH COS INC 5.00000 01/30/2028 | CA | 14,658.39 | $14,475.16 | |
| 084423102 | WR BERKLEY CORP | US | WRB | 2,628.74 | $163,113.15 |
| 084670702 | BERKSHIRE HATHAWAY INC-CL B | US | BRK/B | 1,201.99 | $262,081.39 |
| 09061G101 | BIOMARIN PHARMACEUTICAL INC | US | BMRN | 1,118.92 | $87,309.60 |
| 09857L108 | BOOKING HOLDINGS INC | US | BKNG | 68.41 | $130,685.86 |
| 105368203 | BRANDYWINE REALTY TRUST | US | BDN | 1,465.84 | $16,314.78 |
| 110122108 | BRISTOL MYERS SQUIBB CO | US | BMY | 2,683.46 | $166,911.33 |
| 11680JAA0 | BRUIN E&P PARTNERS LLC 8.87500 08/01/2023 | US | 78,178.06 | $153.23 | |
| 12503M108 | CBOE GLOBAL MARKETS INC | US | CBOE | 713.37 | $65,480.67 |
| 12555DAA3 | CIM 2019-INV1 A1 4.00000 02/25/2049 | US | 58,337.14 | $60,433.24 | |
| 12572Q105 | CME GROUP INC | US | CME | 371.35 | $65,308.58 |
| 12646XAH5 | CSMC 2013-IVR3 A1 2.50000 05/25/2043 | US | 93,271.52 | $95,188.89 | |
| 12654TAA8 | CNX MIDSTREAM PTR/CNX 6.50000 03/15/2026 | US | 14,658.39 | $14,680.08 | |
| 127097103 | CABOT OIL & GAS CORP | US | COG | 23,042.98 | $437,125.39 |
| 131477AT8 | CALUMET SPECIALTY PROD 11.00000 04/15/2025 | US | 9,772.26 | $9,283.64 | |
| 133131102 | CAMDEN PROPERTY TRUST | US | CPT | 376.23 | $34,214.53 |
| 133131AZ5 | CAMDEN PROPERTY TRUST 2.80000 05/15/2030 | US | 439,751.58 | $482,411.80 | |
| 13321L108 | CAMECO CORP | CA | CCJ | 11,609.44 | $134,321.24 |
| 136375102 | CANADIAN NATIONAL RAILWAY CO | CA | CNI | 798.39 | $83,495.99 |
| 149123101 | CATERPILLAR INC | US | CAT | 811.1 | $115,427.27 |
| 14980AAA0 | CAZENOVIA CREEK FUNDING LLC 3.56070 07/15/2030 | US | 110,496.75 | $109,563.74 | |
| 15135UAS8 | CENOVUS ENERGY INC 5.37500 07/15/2025 | CA | 4,886.13 | $4,973.43 | |
| 16119P108 | CHARTER COMMUNICATIONS INC-A | US | CHTR | 420.21 | $258,683.67 |
| 166764100 | CHEVRON CORP | US | CVX | 640.08 | $53,722.15 |
| 17275R102 | CISCO SYSTEMS INC | US | CSCO | 4,616.41 | $194,905.02 |
| 172967424 | CITIGROUP INC | US | C | 2,378.57 | $121,592.37 |
| 172967KA8 | CITIGROUP INCA 4.45000 09/29/2027 | US | 420,207.07 | $488,505.32 | |
| 191216100 | COCA COLA CO/THE | US | KO | 7,466 | $369,791.21 |
| 194162103 | COLGATE-PALMOLIVE CO | US | CL | 1,348.57 | $106,887.78 |
| 20030N101 | COMCAST CORP-CL A | US | CMCSA | 3,474.04 | $155,671.62 |
| 20030NCY5 | COMCAST CORP 3.25000 11/01/2039 | US | 517,929.64 | $574,890.92 | |
| 20268CAA6 | CBSLT 2019-AGS A1 MTGE 2.54000 01/25/2047 | US | 231,584.62 | $238,706.00 | |
| 20369C106 | COMMUNITY HEALTHCARE TRUST I | US | CHCT | 503.27 | $23,502.77 |
| 20449X401 | COMPASS GROUP PLC ADR | GB | CMPGY | 8,365.05 | $134,259.09 |
| 20605P101 | CONCHO RESOURCES INC | US | CXO | 3,645.05 | $189,469.80 |
| 20825C104 | CONOCOPHILLIPS | US | COP | 2,628.74 | $99,602.85 |
| 217204106 | COPART INC | US | CPRT | 1,260.62 | $130,247.38 |
| 222795502 | COUSINS PROPERTIES INC | US | CUZ | 1,246.94 | $37,221.16 |
| 22534GAA1 | CAALT 2020-1A 2.01000 02/15/2029 | US | 283,395.47 | $290,263.24 | |
| 22822V101 | CROWN CASTLE INTL CORP | US | CCI | 278.51 | $45,466.65 |
| 22822VAN1 | CROWN CASTLE INTL CORP 3.10000 11/15/2029 | US | 566,790.93 | $622,979.38 | |
| 22822VAR2 | CROWN CASTLE INTL CORP 3.30000 07/01/2030 | US | 185,672.89 | $206,845.93 | |
| 22944PAA5 | CSMC 2013-TH1 A1 2.13000 02/25/2043 | US | 56,820.61 | $58,249.04 | |
| 229663109 | CUBESMART | US | CUBE | 488.61 | $15,449.94 |
| 25243Q205 | DIAGEO PLC-SPONSORED ADR | GB | DEO | 615.65 | $82,743.66 |
| 253868103 | DIGITAL REALTY TRUST INC | US | DLR | 444.64 | $69,207.86 |
| 254687FW1 | WALT DISNEY COMPANY/THE 2.20000 01/13/2028 | US | 234,534.18 | $248,178.82 | |
| 25470DAT6 | DISCOVERY COMMUNICATIONS 5.20000 09/20/2047 | US | 390,890.3 | $468,835.86 | |
| 256746108 | DOLLAR TREE STORES INC | US | DLTR | 1,241.08 | $119,478.45 |
| 25746UDG1 | DOMINION ENERGY 3.37500 04/01/2030 | US | 322,484.5 | $367,091.43 | |
| 25787GAC4 | DONNELLEY FINANCIAL SOL 8.25000 10/15/2024 | US | 29,316.77 | $30,489.44 | |
| 25960P109 | DOUGLAS EMMETT INC | US | DEI | 791.55 | $22,100.16 |
| 262006208 | DREYFUS GVT CSH MANAGEMENT | US | 3,100,773 | $3,100,773.00 | |
| 26439XAC7 | DCP MIDSTREAM OPERATING 8.12500 08/16/2030 | US | 19,544.51 | $23,209.11 | |
| 264411505 | DUKE RLTY INVTS INC | US | DRE | 839.44 | $32,360.29 |
| 26875P101 | EOG RESOURCES INC | US | EOG | 2,785.09 | $126,276.13 |
| 26884L109 | EQT CORP | US | EQT | 8,062.11 | $127,945.72 |
| 26884LAG4 | EQT CORP 8.75000 02/01/2030 | US | 14,658.39 | $17,553.42 | |
| 277276101 | EASTGROUP PROPERTIES | US | EGP | 72.31 | $9,629.43 |
| 285512109 | ELECTRONIC ARTS | US | EA | 1,348.57 | $188,085.27 |
| 291011104 | EMERSON ELEC CO | US | EMR | 1,177.56 | $81,804.89 |
| 29273RAR0 | ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 | US | 557,018.67 | $600,293.14 | |
| 29444U700 | EQUINIX INC | US | EQIX | 485.68 | $383,581.29 |
| 29472R108 | EQUITY LIFESTYLE PROPERTIES | US | ELS | 527.7 | $34,981.36 |
| 29476L107 | EQUITY RESIDENTIAL | US | EQR | 356.69 | $20,135.00 |
| 297178105 | ESSEX PROPERTY TRUST INC | US | ESS | 43 | $9,309.48 |
| 30212P303 | EXPEDIA INC | US | EXPE | 4,646.71 | $456,074.43 |
| 30212PAS4 | EXPEDIA GROUP INC 6.25000 05/01/2025 | US | 244,306.44 | $268,450.20 | |
| 302154BV0 | EXPORT-IMPORT BANK KOREA 2.62500 12/30/2020 | KR | 977,225.74 | $983,537.52 | |
| 30225T102 | EXTRA SPACE STORAGE INC | US | EXR | 107.49 | $11,453.57 |
| 30231G102 | EXXON MOBIL CORP | US | XOM | 2,560.33 | $102,259.64 |
| 302491303 | FMC CORP | US | FMC | 1,192.22 | $127,400.14 |
| 30262DAL5 | FREMF 2011-K13 B 4.76356 01/25/2048 | US | 314,181.99 | $317,050.49 | |
| 30264DAA7 | FS ENERGY & POWER FUND 7.50000 08/15/2023 | US | 14,658.39 | $13,192.55 | |
| 30287EAE0 | FREMF 2014-K41 B FLT 3.96344 11/25/2047 | US | 266,782.63 | $292,580.91 | |
| 30291YAJ9 | FREMF 2014-K716 B FLT 4.08073 08/25/2047 | US | 440,728.81 | $447,467.55 | |
| 30303M102 | FACEBOOK INC -A | US | FB | 869.73 | $255,005.10 |
| 3128M5VT4 | FHLM POOL G03926 6.00000 02/01/2038 | US | 27,089.09 | $31,837.57 | |
| 3128M7C95 | FHLM POOL G05196 5.50000 10/01/2038 | US | 27,415.97 | $31,806.25 | |
| 3128M7KW5 | FHLM POOL G05409 5.50000 03/01/2039 | US | 24,464.92 | $28,387.70 | |
| 3128P75X7 | FHLM POOL C91762 4.50000 05/01/2034 | US | 90,460.93 | $99,679.00 | |
| 312941F69 | FHLM POOL A92889 4.50000 07/01/2040 | US | 95,894.25 | $106,955.57 | |
| 312941ZQ3 | FHLM POOL Q93451 4.50000 08/01/2040 | US | 107,245.38 | $119,912.97 | |
| 3132M45M3 | FHLM POOL Q24752 3.50000 02/01/2044 | US | 127,512.42 | $138,357.91 | |
| 3132QUNJ8 | FHLM POOL Q37592 4.00000 12/01/2045 | US | 158,990.88 | $173,452.25 | |
| 31335AFY9 | FHLM POOL G60183 4.00000 12/01/2044 | US | 65,036.45 | $70,009.28 | |
| 31335ALP1 | FHLM POOL G60334 4.50000 10/01/2041 | US | 84,510.97 | $94,296.49 | |
| 3133A6DB4 | FEDERAL NATL MTG ASSN FR QB0098 2.50000 06/01/2050 | US | 739,466.04 | $778,049.79 | |
| 3135G0Q22 | FANNIE MAE 1.87500 09/24/2026 | US | 610,766.09 | $659,175.10 | |
| 3136AY6W8 | FNA 2017-M15 A1 FLT 3.05797 09/25/2027 | US | 249,901.78 | $271,603.82 | |
| 3136B1YD0 | FNR 2018-31 KP 3.50000 07/25/2047 | US | 157,545.07 | $163,663.36 | |
| 3137F4YU0 | FHR 4791 BA MTGE 4.00000 03/15/2044 | US | 158,505.74 | $161,813.09 | |
| 3137FG2L8 | FHR 4801 BA MTGE 4.50000 05/15/2044 | US | 98,279.11 | $99,612.04 | |
| 3138EGE26 | FEDERAL NATL MTG ASSN AL0152 6.00000 06/01/2040 | US | 64,938.42 | $76,228.48 | |
| 3138EQST0 | FEDERAL NATL MTG ASSN AL7729 4.00000 06/01/2043 | US | 54,648.38 | $60,270.64 | |
| 3138ETT89 | FEDERAL NATL MTG ASSN AL8674 FLT 5.64300 01/01/2049 | US | 113,746.54 | $134,383.17 | |
| 3138WDAY7 | FEDERAL NATL MTG ASSN FN AS3622 3.50000 10/01/2044 | US | 501,085.2 | $548,972.80 | |
| 3140E2GZ8 | FEDERAL NATL MTG ASSN AZ9215 4.00000 10/01/2045 | US | 70,560.02 | $77,929.60 | |
| 3140FEX33 | FEDERAL NATL MTG ASSN BD6997 4.00000 10/01/2046 | US | 68,899.1 | $74,458.13 | |
| 3140FTWF4 | FEDERAL NATL MTG ASSN BE7845 4.50000 02/01/2047 | US | 44,827.49 | $48,768.26 | |
| 3140X4JC1 | FEDERAL NATL MTG ASSN FM1158 3.50000 06/01/2034 | US | 250,398 | $264,596.04 | |
| 31410GCD3 | FEDERAL NATL MTG ASSN 888468 5.50000 09/01/2021 | US | 1,998.91 | $2,014.69 | |
| 31410GN33 | FEDERAL NATL MTG ASSN 888810 5.50000 11/01/2022 | US | 2,191.88 | $2,212.03 | |
| 31410LC75 | FEDERAL NATL MTG ASSN 890294 5.50000 01/01/2039 | US | 59,371.05 | $68,970.71 | |
| 31410LD74 | FHLM POOL 890326 5.50000 01/01/2040 | US | 62,327.03 | $72,441.47 | |
| 31417YJC2 | FEDERAL NATL MTG ASSN MA0258 4.50000 12/01/2039 | US | 71,136.44 | $79,253.99 | |
| 31418BBC9 | FEDERAL NATL MTG ASSN MA1834 4.50000 02/01/2034 | US | 53,108.48 | $58,505.86 | |
| 31418BDH6 | FEDERAL NATL MTG ASSN MA1903 4.50000 05/01/2034 | US | 63,886.63 | $70,380.62 | |
| 31418CYJ7 | FEDERAL NATL MTG ASSN FN MA3412 3.50000 07/01/2038 | US | 257,201.54 | $271,566.27 | |
| 31418CZ56 | FEDERAL NATL MTG ASSN FN MA3463 4.00000 09/01/2033 | US | 158,978.32 | $168,551.32 | |
| 31418DNN8 | FEDERAL NATL MTG ASSN FN MA3996 2.50000 04/01/2050 | US | 197,527.45 | $204,629.60 | |
| 31418DQ21 | FEDERAL NATL MTG ASSN FN MA4072 2.50000 07/01/2040 | US | 557,262.62 | $586,652.41 | |
| 31418DQG0 | FEDERAL NATL MTG ASSN FN MA4054 2.50000 06/01/2040 | US | 990,712.97 | $1,042,961.60 | |
| 31418DQZ8 | FEDERAL NATL MTG ASSN FN MA4071 2.00000 07/01/2040 | US | 566,626.39 | $585,024.24 | |
| 31418MKV3 | FEDERAL NATL MTG ASSN AD0307 5.50000 01/01/2039 | US | 31,344.44 | $36,368.16 | |
| 31419AU62 | FEDERAL NATL MTG ASSN AE0604 6.00000 07/01/2039 | US | 37,670.18 | $44,557.16 | |
| 315786AC7 | FIDELITY & GUARA NTY LIFE 5.50000 05/01/2025 | US | 34,202.9 | $37,708.70 | |
| 32054K103 | FIRST INDUSTRIAL REALTY TR | US | FR | 669.4 | $28,549.89 |
| 33834YAA6 | FIVE POINT OP CO LP/FIVE 7.87500 11/15/2025 | US | 24,430.64 | $24,552.80 | |
| 34461LAA2 | FONTAINEBLEAU MIAMI BEACH TRUST 3.14400 12/10/2036 | US | 283,395.47 | $290,285.38 | |
| 345370CX6 | FORD MOTOR COMPANY 9.62500 04/22/2030 | US | 39,089.03 | $51,236.92 | |
| 346232AE1 | FORESTAR GROUP INC 5.00000 03/01/2028 | US | 14,658.39 | $14,810.54 | |
| 34960PAB7 | FORTRESS TRANS & INFRAST 6.50000 10/01/2025 | US | 9,772.26 | $9,479.09 | |
| 34960PAC5 | FORTRESS TRANS & INFRAST 9.75000 08/01/2027 | US | 14,658.39 | $15,629.80 | |
| 35166FAA0 | FOXTROT ESCROW ISSUER 12.25000 11/15/2026 | US | 19,544.51 | $21,334.21 | |
| 36237HAA9 | G-III APPAREL GROUP LTD 7.87500 08/15/2025 | US | 24,430.64 | $24,277.95 | |
| 36257MAA3 | GSMS 2019-70P A 1.16188 10/15/2036 | US | 254,078.69 | $244,532.62 | |
| 369550108 | GENERAL DYNAMICS CORP | US | GD | 458.32 | $68,449.92 |
| 369604BQ5 | GENERAL ELECTRIC CO 5.00000 01/21/2021 | US | 488,612.87 | $383,336.34 | |
| 370334104 | GENERAL MLS INC | US | GIS | 1,209.81 | $77,367.06 |
| 37255LAA5 | GENWORTH MORTGAGE HLDING 6.50000 08/15/2025 | US | 19,544.51 | $20,597.57 | |
| 374297109 | GETTY REALTY CORP | US | GTY | 664.51 | $19,463.60 |
| 375558103 | GILEAD SCIENCES INC | US | GILD | 1,794.19 | $119,761.95 |
| 38378HVC7 | GNR 2012-113 PY 2.50000 09/20/2042 | US | 244,306.44 | $258,960.84 | |
| 38379RRX3 | GNR 2017-54 AH MTGE 2.60000 12/16/2056 | US | 270,087.44 | $283,180.79 | |
| 388689101 | GRAPHIC PACKAGING HOLDING CO | US | GPK | 17,863.69 | $249,734.34 |
| 4031976 | ADIDAS AG | DE | ADS GR | 420.21 | $127,867.46 |
| 404119BX6 | HCA INC 4.12500 06/15/2029 | US | 312,712.24 | $360,297.66 | |
| 418751AD5 | HAT HOLDINGS I LLC/HAT 3.75000 09/15/2030 | US | 14,658.39 | $14,731.68 | |
| 421946104 | HEALTHCARE REALTY TRUST INC | US | HR | 361.57 | $10,431.40 |
| 42225P501 | HEALTHCARE TRUST OF AMERICA | US | HTA | 635.2 | $16,762.84 |
| 42250P103 | HEALTHPEAK PROPERTIES INC | US | PEAK | 1,456.07 | $40,245.67 |
| 427866108 | HERSHEY CO/THE | US | HSY | 421.18 | $62,604.83 |
| 431571AB4 | HILLENBRAND INC 4.50000 09/15/2026 | US | 24,430.64 | $26,201.87 | |
| 43300A203 | HILTON WORLDWIDE HOLDINGS INC | US | HLT | 1,846.96 | $166,891.00 |
| 437076102 | HOME DEPOT INC | US | HD | 990.91 | $282,448.10 |
| 438128308 | HONDA MOTOR CO LTD -SPONS ADR | JP | HMC | 3,212.14 | $82,166.57 |
| 438516106 | HONEYWELL INTERNATIONAL INC | US | HON | 896.12 | $148,352.00 |
| 443201AA6 | HOWMET AEROSPACE INC 6.87500 05/01/2025 | US | 24,430.64 | $27,769.67 | |
| 444454AD4 | HUGHES SATELLITE SYSTEMS 5.25000 08/01/2026 | US | 14,658.39 | $16,014.29 | |
| 450913AE8 | IAMGOLD CORP 7.00000 04/15/2025 | CA | 29,316.77 | $30,782.61 | |
| 452308109 | ILLINOIS TOOL WKS INC | US | ITW | 524.77 | $103,668.36 |
| 45337C102 | INCYTE CORP | US | INCY | 889.28 | $85,681.69 |
| 45569LAA9 | INDIGO NATURAL RES LLC 6.87500 02/15/2026 | US | 14,658.39 | $14,988.20 | |
| 45682RAA8 | INFRABUILD AUSTRALIA PTY 12.00000 10/01/2024 | AU | 24,430.64 | $23,209.11 | |
| 45778Q107 | INSPERITY INC | US | NSP | 1,905.59 | $128,379.61 |
| 458140100 | INTEL CORP | US | INTC | 3,661.66 | $186,561.82 |
| 45857P806 | INTERCONTINENTAL HOTELS-ADR | GB | IHG | 1,114.04 | $64,569.60 |
| 45866F104 | INTERCONTINENTALEXCHANGE INC | US | ICE | 2,736.23 | $290,669.93 |
| 459200101 | INTERNATIONAL BUSINESS MACH CORP | US | IBM | 1,168.76 | $144,120.04 |
| 46116VAE5 | INTL FC STORE INC 8.62500 06/15/2025 | US | 34,202.9 | $37,024.64 | |
| 46187BAA1 | IHSFR 2017-SFR2 A 1.01188 12/17/2036 | US | 70,851 | $70,326.97 | |
| 46187BAB9 | IHSFR 2017-SFR2 B 1.31188 12/17/2036 | US | 58,633.54 | $58,533.80 | |
| 46187W107 | INVITATION HOMES INC | US | INVH | 1,975.95 | $56,571.46 |
| 46284VAN1 | IRON MOUNTAIN INC 4.50000 02/15/2031 | US | 14,658.39 | $15,044.93 | |
| 465410BX5 | ITALY GOV'T INT BOND 2.37500 10/17/2024 | IT | 195,445.15 | $202,132.43 | |
| 46625H100 | JP MORGAN CHASE & CO | US | JPM | 2,098.1 | $210,209.01 |
| 46640BAC8 | JPMMT 2013-2 A2 3.50000 05/25/2043 | US | 51,842.19 | $54,198.31 | |
| 46641YAA1 | JPMMT 2014-2 1A1 3.00000 06/25/2029 | US | 74,226.36 | $75,079.45 | |
| 46647PBP0 | JPMORGAN CHASE & CO 2.95600 05/13/2031 | US | 557,018.67 | $599,114.53 | |
| 46647SAE0 | JPMMT 2017-3 1A3 3.50000 08/25/2047 | US | 157,830.09 | $161,575.65 | |
| 46648HAE3 | JPMMT 2017-2 A5 3.50000 05/25/2047 | US | 144,990.58 | $146,880.12 | |
| 46648HAF0 | JPMMT 2017-2 A6 3.00000 05/25/2047 | US | 155,730.63 | $157,102.35 | |
| 478160104 | JOHNSON & JOHNSON | US | JNJ | 4,150.28 | $636,694.11 |
| 47987LAA9 | JONAH NRG LLC/FINANCE 7.25000 10/15/2025 | US | 14,658.39 | $2,052.17 | |
| 48088LAB3 | JOSEPH T RYERSON & SON 8.50000 08/01/2028 | US | 14,658.39 | $16,014.29 | |
| 487526AB1 | KEHE DISTRIBUTORS LLC/FI 8.62500 10/15/2026 | US | 24,430.64 | $26,568.32 | |
| 49427F108 | KILROY REALTY CORP | US | KRC | 557.02 | $32,596.73 |
| 494368103 | KIMBERLY CLARK CORP | US | KMB | 595.13 | $93,887.78 |
| 494550AW6 | KINDER MORGAN ENER PART 6.95000 01/15/2038 | US | 449,523.84 | $597,987.35 | |
| 505742AG1 | LADDER CAP FIN LLLP/CORP 5.25000 10/01/2025 | US | 24,430.64 | $23,209.11 | |
| 512816109 | LAMAR ADVERTISING CO-A | US | LAMR | 219.88 | $15,222.00 |
| 53223X107 | LIFE STORAGE INC | US | LSI | 249.19 | $26,272.37 |
| 532457108 | ELI LILLY & CO | US | LLY | 843.35 | $125,144.09 |
| 539830109 | LOCKHEED MARTIN CORP | US | LMT | 365.48 | $142,633.17 |
| 541056AA5 | LOGAN MERGER SUB INC 5.50000 09/01/2027 | US | 9,772.26 | $9,964.67 | |
| 54238XAC2 | LONESTAR RESOURCES AMERICA 11.25000 01/01/2023 | US | 29,316.77 | $4,690.68 | |
| 550021109 | LULULEMON - ADR | CA | LULU | 342.03 | $128,490.04 |
| 552697AQ7 | MDC PARTNERS INC 6.50000 05/01/2024 | CA | 14,658.39 | $13,998.76 | |
| 552848AG8 | MGIC INVESTMENT CORP 5.25000 08/15/2028 | US | 19,544.51 | $20,521.74 | |
| 573284106 | MARTIN MARIETTA MATERIALS | US | MLM | 312.71 | $63,439.93 |
| 57636Q104 | MASTERCARD INC-CLASS A | US | MA | 1,583.11 | $567,052.63 |
| 577128AA9 | MATTHEWS INTERNATIONAL C 5.25000 12/01/2025 | US | 4,886.13 | $4,617.39 | |
| 58933Y105 | MERCK & CO INC | US | MRK | 2,705.94 | $230,735.34 |
| 594918104 | MICROSOFT CORP | US | MSFT | 1,172.67 | $264,472.47 |
| 595112103 | MICRON TECHNOLOGY INC | US | MU | 7,612.59 | $346,448.90 |
| 59522J103 | MID-AMERICA APARTMENT COMM | US | MAA | 332.26 | $38,913.91 |
| 609207105 | MONDELEZ INTERNATIONAL INC | US | MDLZ | 6,498.55 | $379,645.36 |
| 615369105 | MOODY'S CORPORATION | US | MCO | 351.8 | $103,654.73 |
| 61965RAA3 | MOSS CREEK RESOURCES HLD 7.50000 01/15/2026 | US | 19,544.51 | $13,387.99 | |
| 62426EAA3 | MOUNTAIN PROVINCE DIAMON 8.00000 12/15/2022 | CA | 9,772.26 | $7,133.75 | |
| 62913TAJ1 | NGL ENRGY PART LP/FIN CO 7.50000 11/01/2023 | US | 14,658.39 | $10,700.62 | |
| 63938CAH1 | NAVIENT CORP 6.75000 06/25/2025 | US | 24,430.64 | $25,468.95 | |
| 63938EAC8 | NAVSL 2014-1 A3 FLT 0.68513 06/25/2031 | US | 243,395.28 | $235,042.71 | |
| 63938NAF1 | NAVIOS SA LOGIST/FIN US 10.75000 07/01/2025 | MH | 9,772.26 | $10,578.47 | |
| 63940YAA4 | NAVSL 2019-CA A1 2.82000 02/15/2068 | US | 73,839.04 | $74,232.56 | |
| 63941RAB6 | NAVSL 2019-2A A2 1.17513 02/27/2068 | US | 537,474.16 | $541,469.85 | |
| 64032XAA3 | NSLT 2012-3A A MTGE FLT 0.87513 02/25/2045 | US | 252,092.86 | $246,612.97 | |
| 64033GAA9 | NSLT 2013-5A A MTGE FLT 0.80513 01/25/2037 | US | 395,378.33 | $379,847.04 | |
| 64033QAB5 | NSLT 2015-2A A2 0.77513 09/25/2047 | US | 521,016.08 | $503,551.62 | |
| 644393AA8 | NEW FORTRESS ENERGY INC 6.75000 09/15/2025 | US | 29,316.77 | $29,747.73 | |
| 64829DAG1 | NRZT 2014-3A AFX3 3.75000 11/25/2054 | US | 62,982.41 | $67,426.44 | |
| 64829EAA2 | NRZT 2015-2A A1 3.75000 08/25/2055 | US | 70,469.95 | $76,080.14 | |
| 64829LAA6 | NRZT 2016-4A A1 3.75000 11/25/2056 | US | 97,885.02 | $104,981.11 | |
| 654106AM5 | NIKE INC 3.37500 03/27/2050 | US | 214,989.66 | $247,456.83 | |
| 6642321 | NIKON CORP | JP | 7731 JP | 11,531.26 | $90,309.33 |
| 66727WAA0 | NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 | CA | 73,291.93 | $1,172.67 | |
| 66987V109 | NOVARTIS AG- REG | CH | NVS | 5,110.89 | $439,843.25 |
| 67401PAB4 | OAKTREE SPECIALTY LEND 3.50000 02/25/2025 | US | 14,658.39 | $14,756.12 | |
| 674599EA9 | OCCIDENTAL PETROLEUM COR 8.87500 07/15/2030 | US | 14,658.39 | $16,563.98 | |
| 675232AB8 | OCEANEERING INTL INC 6.00000 02/01/2028 | US | 24,430.64 | $15,415.74 | |
| 682189AQ8 | ON SEMICONDUCTOR CORP 3.87500 09/01/2028 | US | 14,658.39 | $15,295.73 | |
| 68389X105 | ORACLE CORP | US | ORCL | 2,382.48 | $136,325.30 |
| 68555PAA8 | ORBCOMM INC 8.00000 04/01/2024 | US | 24,430.64 | $23,758.80 | |
| 69144AAA7 | OXFIN 2020-1A A2 3.10100 02/15/2028 | US | 249,192.56 | $252,779.17 | |
| 69145LAA2 | OXFORD FIN LLC/CO-ISS II 6.37500 12/15/2022 | US | 4,886.13 | $4,655.85 | |
| 69327RAJ0 | PDC ENERGY INC 5.75000 05/15/2026 | US | 14,658.39 | $14,995.53 | |
| 693456AW5 | PMTLT 2013-J1 a9 3.50000 09/25/2043 | US | 193,574.06 | $203,971.64 | |
| 693475105 | PNC FINANCIAL SERVICES GROUP | US | PNC | 513.04 | $57,050.44 |
| 69354NAC0 | PRA GROUP INC 7.37500 09/01/2025 | US | 19,544.51 | $20,832.50 | |
| 70450Y103 | PAYPAL HOLDINGS INC | US | PYPL | 850.19 | $173,557.05 |
| 7123870 | NESTLE SA-REGISTERED | CH | NESN SW | 2,364.89 | $284,843.78 |
| 713448108 | PEPSICO INC | US | PEP | 938.14 | $131,395.43 |
| 717081103 | PFIZER INC | US | PFE | 6,174.11 | $233,319.70 |
| 717081EW9 | PFIZER INC 2.62500 04/01/2030 | US | 156,356.12 | $174,568.70 | |
| 719245AD4 | PHOTO HOLDINGS MERGER SU 8.50000 10/01/2026 | US | 19,544.51 | $17,962.58 | |
| 71943U104 | PHYSICIANS REALTY TRUST | US | DOC | 669.4 | $12,149.60 |
| 723787107 | PIONEER NATURAL RESOURCES CO | US | PXD | 1,827.41 | $189,922.94 |
| 741503AZ9 | BOOKING HOLDINGS INC 3.60000 06/01/2026 | US | 654,741.25 | $735,032.79 | |
| 74166MAE6 | PRIME SECSRVC BRW/FINANC 6.25000 01/15/2028 | US | 14,658.39 | $15,391.31 | |
| 74333KAA6 | PROG 2017-SFR2 A 2.89700 12/17/2034 | US | 146,311.53 | $146,892.40 | |
| 74333NAA0 | PROGRESS RESIDENTIAL TRUST 3.14700 05/17/2036 | US | 272,916.68 | $282,606.62 | |
| 74340W103 | PROLOGIS | US | PLD | 1,376.91 | $140,252.16 |
| 74460D109 | PUBLIC STORAGE INC | US | PSA | 185.67 | $39,436.92 |
| 747525103 | QUALCOMM INC | US | QCOM | 1,122.83 | $133,729.34 |
| 750236AW1 | RADIAN GROUP INC 4.87500 03/15/2027 | US | 34,202.9 | $34,305.51 | |
| 75513E101 | RAYTHEON TECHNOLOGIES CORP | US | RTX | 1,881.16 | $114,750.73 |
| 756109104 | REALTY INCOME CORP | US | O | 234.53 | $14,548.16 |
| 758849103 | REGENCY CENTERS CORP | US | REG | 166.13 | $6,596.96 |
| 76169C100 | REXFORD INDUSTRIAL REALITY IN | US | REXR | 625.42 | $30,007.87 |
| 778296AE3 | ROSS STORES INC 5.45000 04/15/2050 | US | 185,672.89 | $238,740.01 | |
| 780259107 | ROYAL DUTCH SHELL PLC-ADR B | NL | RDS/B | 1,074.95 | $30,206.05 |
| 783513203 | RYANAIR HOLDINGS - ADR | IE | RYAAY | 2,286.71 | $184,994.70 |
| 78409V104 | S&P GLOBAL INC | US | SPGI | 244.31 | $89,518.76 |
| 78410G104 | SBA COMMUNICATIONS CORP | US | SBAC | 576.56 | $176,468.70 |
| 78442GQJ8 | SLMA 2005-7 A4 FLT 0.39450 10/25/2029 | US | 242,432.68 | $237,922.25 | |
| 78442PGC4 | SLM CORP 5.12500 04/05/2022 | US | 34,202.9 | $35,228.99 | |
| 78449UAB4 | SMB 2020-A A2A MTGE 2.23000 09/15/2037 | US | 332,256.75 | $343,944.69 | |
| 78470NAB2 | SOFI 2015-D A2 2.72000 10/27/2036 | US | 45,471.62 | $46,218.60 | |
| 78470RAC1 | SOFI 2016-E A2B 2.49000 01/25/2036 | US | 105,487.13 | $106,903.13 | |
| 785592AV8 | SABINE PASS LIQUEFACTION 5.87500 06/30/2026 | US | 615,652.22 | $740,458.89 | |
| 79466L302 | SALESFORCE.COM | US | CRM | 703.6 | $191,837.23 |
| 806857108 | SCHLUMBERGER LTD | NL | SLB | 3,420.29 | $65,019.71 |
| 81745BAB1 | SEMT 2013-6 A2 3.00000 05/25/2043 | US | 386,946.75 | $404,828.96 | |
| 81745EAA7 | SEMT 2013-8 A1 3.00000 06/25/2043 | US | 77,187.57 | $79,405.21 | |
| 81748MAA6 | SEMT 2020-1 A1 3.50000 02/25/2050 | US | 257,896.88 | $265,346.39 | |
| 81762P102 | SERVICENOW INC | US | NOW | 263.85 | $127,181.44 |
| 83401BAB2 | SOFI 2017-F A2FX 2.84000 01/25/2041 | US | 64,043.49 | $65,779.13 | |
| 83402JAC2 | SOFI 2016-B A2B 2.74000 10/25/2032 | US | 32,782.95 | $33,410.91 | |
| 83404RAB4 | SOFI 2018-B A2FX MTGE 3.34000 08/25/2047 | US | 195,445.15 | $201,803.70 | |
| 83404YAA1 | SCLP 2016-5 A 3.06000 09/25/2028 | US | 5,009.16 | $5,018.83 | |
| 83405TAA1 | SCLP 2019-3 A MTGE 2.90000 05/25/2028 | US | 114,148.63 | $115,541.86 | |
| 83406CAA7 | SCLP 2019-2 A MTGE 3.01000 04/25/2028 | US | 85,468.41 | $86,455.52 | |
| 83406EAB1 | SOFI 2018-A A2A 2.39000 02/25/2042 | US | 6,810.44 | $6,816.68 | |
| 83406TAB8 | SOFI 2020-A A2FX MTGE 2.54000 05/15/2046 | US | 219,875.79 | $228,630.15 | |
| 844741BJ6 | SOUTHWEST AIRLINES CO 5.25000 05/04/2025 | US | 459,296.1 | $501,289.34 | |
| 85172FAN9 | SPRINGLEAF FINANCE CORP 7.12500 03/15/2026 | US | 14,658.39 | $16,820.43 | |
| 85254J102 | STAG INDUSTRIAL INC | US | STAG | 488.61 | $15,782.20 |
| 85571BAL9 | STARWOOD PROPERTY TRUST 4.75000 03/15/2025 | US | 24,430.64 | $23,514.49 | |
| 85571XAA5 | SRPT 2014-STAR A FLTG RATE 1.63188 11/15/2027 | US | 246,854.42 | $172,852.32 | |
| 861036AA9 | STL HOLDING CO LLC 7.50000 02/15/2026 | US | 19,544.51 | $19,788.82 | |
| 866674104 | SUN COMMUNITIES | US | SUI | 386 | $57,545.50 |
| 86935CAA0 | SCML 2019-SBC8 2.86000 04/25/2041 | US | 211,421.43 | $213,099.90 | |
| 87105L104 | SWITCH INC - A | US | SWCH | 1,493.2 | $25,683.06 |
| 871829107 | SYSCO CORP | US | SYY | 2,257.39 | $135,759.52 |
| 872540AU3 | TJX COS INC 4.50000 04/15/2050 | US | 263,850.95 | $335,671.97 | |
| 87422VAJ7 | TALEN ENERGY SUPPLY LLC 7.62500 06/01/2028 | US | 24,430.64 | $25,246.38 | |
| 87854WAA1 | TECHNIPLAS LLC 10.00000 05/01/2020 | US | 9,772.26 | $2,174.33 | |
| 88032WAN6 | TENCENT HOLDINGS 3.97500 04/11/2029 | KY | 566,790.93 | $654,071.26 | |
| 88146M101 | TERRENO REALTY CORP | US | TRNO | 351.8 | $20,981.43 |
| 882508104 | TEXAS INSTRUMENTS INC | US | TXN | 1,178.53 | $167,528.64 |
| 883556102 | THERMO FISHER SCIENTIFIC INC | US | TMO | 302.94 | $129,955.19 |
| 88579Y101 | 3M CO | US | MMM | 827.71 | $134,933.32 |
| 89151E109 | TOTAL S A SPONSORED ADR | FR | TOT | 5,520.35 | $218,440.18 |
| 89173CAA5 | TPMT 2016-5 A1 2.50000 10/25/2056 | US | 138,693.93 | $141,621.95 | |
| 89173FAA8 | TPMT 2017-1 A1 2.75000 10/25/2056 | US | 126,365.98 | $129,926.41 | |
| 89177EAA7 | TPMT 2019-HY1 A1 1.17513 10/25/2048 | US | 118,911.96 | $118,664.45 | |
| 892231AA9 | TOWNSQUARE MEDIA INC 6.50000 04/01/2023 | US | 24,430.64 | $22,537.27 | |
| 89613BAA5 | TAH 2016-SFR1 A 2.58900 11/17/2033 | US | 204,851.98 | $205,391.22 | |
| 89613FAA6 | TAH 2017-SFR2 A 2.92800 01/17/2036 | US | 194,048.05 | $201,072.59 | |
| 89613GAA4 | TAH 2020-SFR1 A 1.49900 07/17/2038 | US | 439,751.58 | $439,661.92 | |
| 89832Q109 | TRUIST FINANCIAL CORP | US | TFC | 2,291.59 | $88,936.78 |
| 901109AF5 | TUTOR PERINI CORP 6.87500 05/01/2025 | US | 43,975.16 | $42,326.09 | |
| 902653104 | UDR INC | US | UDR | 333.23 | $11,599.87 |
| 902973304 | U.S. BANCORP | US | USB | 2,439.16 | $88,785.26 |
| 904767704 | UNILEVER PLC - ADR | GB | UL | 10,213.96 | $608,547.94 |
| 907818108 | UNION PAC CORP | US | UNP | 907.84 | $174,705.25 |
| 912810FS2 | TSY INFL IX N/B 2.00000 01/15/2026 | US | 939,274.01 | $1,117,864.49 | |
| 912828YN4 | US TREASURY FRN FLT 0.40503 10/31/2021 | US | 1,611,445.25 | $1,616,655.51 | |
| 912828ZJ2 | TSY INFL IX N/B 0.12500 04/15/2025 | US | 1,506,869.64 | $1,620,414.61 | |
| 91704F104 | URBAN EDGE PROPERTIES | US | UE | 1,035.86 | $10,938.67 |
| 91823AAN1 | VBTOW 2020-1A C2 3.03100 06/15/2050 | US | 97,722.57 | $101,160.44 | |
| 92343VDU5 | VERIZON COMMUNICATIONS 5.25000 03/16/2037 | US | 517,929.64 | $703,564.38 | |
| 92826C839 | VISA INC - CLASS A SHARES | US | V | 2,452.84 | $519,976.83 |
| 92826CAK8 | VISA INC 2.70000 04/15/2040 | US | 537,474.16 | $580,559.76 | |
| 928668BE1 | VOLKSWAGEN GROUP AMERICA 3.35000 05/13/2025 | US | 366,459.65 | $402,777.71 | |
| 929160109 | VULCAN MATERIALS CO | US | VMC | 1,055.4 | $126,648.46 |
| 92935JBC8 | WF-RBS COMMERCIAL MORTGAGE T FLT 4.86900 02/15/2044 | US | 278,192.79 | $280,612.80 | |
| 93065PAA9 | WBHT 2019-WBM A FLT 1.21188 12/15/2033 | US | 171,014.51 | $162,457.53 | |
| 931142103 | WAL MART STORES | US | WMT | 1,951.52 | $270,968.53 |
| 94106L109 | WASTE MANAGEMENT INC | US | WM | 729.99 | $83,218.59 |
| 949746101 | WELLS FARGO COMPANY | US | WFC | 5,085.48 | $122,814.41 |
| 95040Q104 | WELLTOWER INC. | US | WELL | 508.16 | $29,229.21 |
| 95081QAP9 | WESCO DISTRIBUTION INC 7.25000 06/15/2028 | US | 19,544.51 | $21,801.61 | |
| 962178AN9 | TRI POINTE GROUP / HOMES 5.87500 06/15/2024 | US | 24,430.64 | $26,507.25 | |
| 966387AH5 | WHITING PETROLEUM CORP 5.75000 03/15/2021 | US | 78,178.06 | $17,590.06 | |
| 96949LAD7 | WILLIAMS PARTNERS LP 3.75000 06/15/2027 | US | 439,751.58 | $485,859.12 | |
| 98311A105 | WYNDHAM HOTELS & RESORTS INC | US | WH | 463.21 | $24,253.41 |
| B3ZD2V9 | MEX BONOS DESARR FIX RT 6.50000 06/10/2021 | MX | 268,737.08 | $12,458.78 | |
| B4888C1 | CANADIAN GOVERNMENT FLT 2.75000 06/01/2022 | CA | 32,248.45 | $25,800.73 | |
| B4NDCC9 | MEX BONOS DESARR FIX RT 6.50000 06/09/2022 | MX | 492,521.77 | $23,253.10 | |
| B63QM77 | NEXON CO LTD | JP | 3659 JP | 11,922.15 | $278,971.32 |
| B6TC406 | MEX BONOS DESARR FIX RT 7.75000 05/29/2031 | MX | 89,904.77 | $4,642.74 | |
| BGHQ198 | HIBERNIA REIT PLC | IE | HBRN ID | 10,299.96 | $14,640.28 |
| BJVB695 | BUONI POLIENNALI DEL TES 2.45000 09/01/2050 | IT | 87,950.32 | $114,215.34 | |
| BK0939417 | AMERICAN TANKER INC 7.75000 07/02/2025 | US | 34,202.9 | $34,418.38 | |
| BMMV2K8 | TENCENT HOLDINGS LTD | CN | 700 HK | 3,947.99 | $269,720.34 |
| BYYHL23 | ANHEUSER-BUSCH INBEV SA/NV | BE | ABI BB | 2,228.07 | $129,494.20 |
| G1151C101 | ACCENTURE PLC - CL A | IE | ACN | 551.16 | $132,238.70 |
| G29183103 | EATON CORP PLC | US | ETN | 773.96 | $79,021.60 |
| G5494J103 | LINDE PLC | GB | LIN | 504.25 | $125,931.02 |
| G5960L103 | MEDTRONIC INC | IE | MDT | 2,866.2 | $308,030.85 |
| H01301128 | ALCON INC | CH | ALC | 6,176.07 | $354,135.66 |
| H1467J104 | CHUBB LTD | CH | CB | 654.74 | $81,842.66 |
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).
Target Income Series Class I has merged into Pro-Blend Conservative Term Series Class I as of the close of business on Friday, 09/25/2020. The closing NAV for Target Income Series Class I is $9.9314 and the conversion ratio into Pro-Blend Conservative Term Series Class I is 0.922993.
Daily Price
$9.91
Daily $ Change
-$0.01
Daily % Change
-0.10%
as of 09/24/2020
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
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 08/31/2020
YTD
6.51%
1 Year
9.12%
3 Year
6.16%
5 Year
5.90%
10 Year
5.51%
Inception
(03/28/2008)
5.32%
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 | 0.89% |
| 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 08/31/2020
| GOVERNMENT AGENCY | 11.23% |
| TSY INFL IX N/B 0.12500 04/15/2025 | 2.54% |
| TREASURY NOTES | 2.53% |
| TSY INFL IX N/B 2.00000 01/15/2026 | 1.75% |
| EXPORT-IMPORT BANK KOREA 2.62500 12/30/2020 | 1.54% |
| ALIBABA GROUP HOLDING 3.40000 12/06/2027 | 1.46% |
| SABINE PASS LIQUEFACTION 5.87500 06/30/2026 | 1.16% |
| BOOKING HOLDINGS INC 3.60000 06/01/2026 | 1.15% |
| AMERICAN TOWER CORP 3.80000 08/15/2029 | 1.13% |
| VERIZON COMMUNICATIONS 5.25000 03/16/2037 | 1.10% |
Top Ten Investments list is unaudited and excludes cash.
Asset Allocation
As of 08/31/2020
| Bonds | 62.57% | |
| Stocks | 32.80% | |
| Cash | 4.63% |
Detailed Asset Class Allocation
As of 08/31/2020
| International Equities | 7.17% | |
| Small Capitalization | 1.22% | |
| Mid Capitalization | 3.76% | |
| Large Capitalization | 20.64% | |
| Long Term Fixed Income | 22.61% | |
| Intermediate Term Fixed Income | 35.25% | |
| Short Term Fixed Income | 4.72% | |
| Cash | 4.63% |
Due to rounding, the sum of the detailed asset class allocation categories may not equal the asset allocation totals provided above.
August Fund Holdings
As of 08/31/2020
| CUSIP | Security Description | Country | Ticker | Shares/Par | Market Value (USD) |
|---|---|---|---|---|---|
| 00206RDQ2 | AT&T INC 4.25000 03/01/2027 | US | 205,217.41 | $240,575.44 | |
| 00287Y109 | ABBVIE INC | US | ABBV | 1,950.54 | $186,803.46 |
| 00507V109 | ACTIVISION INC | US | ATVI | 3,048.94 | $254,647.83 |
| 00653VAA9 | ADAPTHEALTH LLC 6.12500 08/01/2028 | US | 24,430.64 | $25,591.10 | |
| 00774MAG0 | AERCAP IRELAND CAP / GLOBA 4.45000 10/01/2025 | IE | 635,196.73 | $636,624.58 | |
| 00791GAA5 | AG MERGER SUB II INC 10.75000 08/01/2027 | US | 19,544.51 | $19,935.41 | |
| 008492100 | AGREE REALTY CORP | US | ADC | 370.37 | $24,785.06 |
| 00912XAV6 | AIR LEASE CORP 3.62500 04/01/2027 | US | 263,850.95 | $264,403.56 | |
| 00914AAB8 | AIR LEASE CORP 3.75000 06/01/2026 | US | 254,078.69 | $259,806.42 | |
| 01166WAA5 | ALASKA AIR 2020-1 CL B 8.00000 08/15/2025 | US | 24,430.64 | $25,363.13 | |
| 015271109 | ALEXANDRIA REAL EST EQUITIES | US | ARE | 87.95 | $14,809.07 |
| 01609W102 | ALIBABA GROUP - ADR | CN | BABA | 879.5 | $252,443.79 |
| 01609WAT9 | ALIBABA GROUP HOLDING 3.40000 12/06/2027 | KY | 820,869.62 | $929,744.26 | |
| 02079K305 | ALPHABET INC-CL A | US | GOOGL | 156.36 | $254,786.99 |
| 023135106 | AMAZON.COM INC | US | AMZN | 117.27 | $404,684.03 |
| 0237400 | DIAGEO PLC | GB | DGE LN | 2,736.23 | $91,421.01 |
| 02406PBA7 | AMERICAN AXLE & MFG INC 6.87500 07/01/2028 | US | 14,658.39 | $15,266.12 | |
| 024835100 | AMERICAN CAMPUS COMMUNITIES | US | ACC | 772.99 | $26,204.21 |
| 02665T306 | AMERICAN HOMES 4 RENT- A | US | AMH | 1,529.36 | $43,800.82 |
| 03027X100 | AMERICAN TOWER REIT INC | US | AMT | 635.2 | $158,259.27 |
| 03027XAW0 | AMERICAN TOWER CORP 3.80000 08/15/2029 | US | 625,424.48 | $723,468.57 | |
| 03064D108 | AMERICOLD REALTY TRUST | US | COLD | 1,011.43 | $38,788.29 |
| 03217CAA4 | AMS AG 7.00000 07/31/2025 | AT | 195,445.15 | $203,262.95 | |
| 03690AAD8 | ANTERO MIDSTREAM PART / FI 5.75000 03/01/2027 | US | 24,430.64 | $21,804.35 | |
| 03690AAF3 | ANTERO MIDSTREAM PART/FI 5.75000 01/15/2028 | US | 14,658.39 | $13,082.61 | |
| 03748R754 | APARTMENT INVT & MGMT CO -A | US | AIV | 643.99 | $23,203.02 |
| 03784Y200 | APPLE HOSPITALITY REIT INC | US | APLE | 2,145.01 | $21,814.76 |
| 053015103 | AUTOMATIC DATA PROCESSING | US | ADP | 473.95 | $65,922.33 |
| 053484101 | AVALONBAY COMMUNITIES INC | US | AVB | 195.45 | $30,892.06 |
| 05401AAJ0 | AVOLON HOLDINGS FNDG LTD 3.25000 02/15/2027 | KY | 273,623.21 | $235,255.46 | |
| 060505104 | BANK OF AMERICA CORP | US | BAC | 7,959.5 | $204,877.62 |
| 06051GFM6 | BANK OF AMERICA CORP 4.00000 01/22/2025 | US | 361,573.53 | $405,204.04 | |
| 071734AH0 | BAUSCH HEALTH COS INC 5.00000 01/30/2028 | CA | 14,658.39 | $14,475.16 | |
| 084423102 | WR BERKLEY CORP | US | WRB | 2,628.74 | $163,113.15 |
| 084670702 | BERKSHIRE HATHAWAY INC-CL B | US | BRK/B | 1,201.99 | $262,081.39 |
| 09061G101 | BIOMARIN PHARMACEUTICAL INC | US | BMRN | 1,118.92 | $87,309.60 |
| 09857L108 | BOOKING HOLDINGS INC | US | BKNG | 68.41 | $130,685.86 |
| 105368203 | BRANDYWINE REALTY TRUST | US | BDN | 1,465.84 | $16,314.78 |
| 110122108 | BRISTOL MYERS SQUIBB CO | US | BMY | 2,683.46 | $166,911.33 |
| 11680JAA0 | BRUIN E&P PARTNERS LLC 8.87500 08/01/2023 | US | 78,178.06 | $153.23 | |
| 12503M108 | CBOE GLOBAL MARKETS INC | US | CBOE | 713.37 | $65,480.67 |
| 12555DAA3 | CIM 2019-INV1 A1 4.00000 02/25/2049 | US | 58,337.14 | $60,433.24 | |
| 12572Q105 | CME GROUP INC | US | CME | 371.35 | $65,308.58 |
| 12646XAH5 | CSMC 2013-IVR3 A1 2.50000 05/25/2043 | US | 93,271.52 | $95,188.89 | |
| 12654TAA8 | CNX MIDSTREAM PTR/CNX 6.50000 03/15/2026 | US | 14,658.39 | $14,680.08 | |
| 127097103 | CABOT OIL & GAS CORP | US | COG | 23,042.98 | $437,125.39 |
| 131477AT8 | CALUMET SPECIALTY PROD 11.00000 04/15/2025 | US | 9,772.26 | $9,283.64 | |
| 133131102 | CAMDEN PROPERTY TRUST | US | CPT | 376.23 | $34,214.53 |
| 133131AZ5 | CAMDEN PROPERTY TRUST 2.80000 05/15/2030 | US | 439,751.58 | $482,411.80 | |
| 13321L108 | CAMECO CORP | CA | CCJ | 11,609.44 | $134,321.24 |
| 136375102 | CANADIAN NATIONAL RAILWAY CO | CA | CNI | 798.39 | $83,495.99 |
| 149123101 | CATERPILLAR INC | US | CAT | 811.1 | $115,427.27 |
| 14980AAA0 | CAZENOVIA CREEK FUNDING LLC 3.56070 07/15/2030 | US | 110,496.75 | $109,563.74 | |
| 15135UAS8 | CENOVUS ENERGY INC 5.37500 07/15/2025 | CA | 4,886.13 | $4,973.43 | |
| 16119P108 | CHARTER COMMUNICATIONS INC-A | US | CHTR | 420.21 | $258,683.67 |
| 166764100 | CHEVRON CORP | US | CVX | 640.08 | $53,722.15 |
| 17275R102 | CISCO SYSTEMS INC | US | CSCO | 4,616.41 | $194,905.02 |
| 172967424 | CITIGROUP INC | US | C | 2,378.57 | $121,592.37 |
| 172967KA8 | CITIGROUP INCA 4.45000 09/29/2027 | US | 420,207.07 | $488,505.32 | |
| 191216100 | COCA COLA CO/THE | US | KO | 7,466 | $369,791.21 |
| 194162103 | COLGATE-PALMOLIVE CO | US | CL | 1,348.57 | $106,887.78 |
| 20030N101 | COMCAST CORP-CL A | US | CMCSA | 3,474.04 | $155,671.62 |
| 20030NCY5 | COMCAST CORP 3.25000 11/01/2039 | US | 517,929.64 | $574,890.92 | |
| 20268CAA6 | CBSLT 2019-AGS A1 MTGE 2.54000 01/25/2047 | US | 231,584.62 | $238,706.00 | |
| 20369C106 | COMMUNITY HEALTHCARE TRUST I | US | CHCT | 503.27 | $23,502.77 |
| 20449X401 | COMPASS GROUP PLC ADR | GB | CMPGY | 8,365.05 | $134,259.09 |
| 20605P101 | CONCHO RESOURCES INC | US | CXO | 3,645.05 | $189,469.80 |
| 20825C104 | CONOCOPHILLIPS | US | COP | 2,628.74 | $99,602.85 |
| 217204106 | COPART INC | US | CPRT | 1,260.62 | $130,247.38 |
| 222795502 | COUSINS PROPERTIES INC | US | CUZ | 1,246.94 | $37,221.16 |
| 22534GAA1 | CAALT 2020-1A 2.01000 02/15/2029 | US | 283,395.47 | $290,263.24 | |
| 22822V101 | CROWN CASTLE INTL CORP | US | CCI | 278.51 | $45,466.65 |
| 22822VAN1 | CROWN CASTLE INTL CORP 3.10000 11/15/2029 | US | 566,790.93 | $622,979.38 | |
| 22822VAR2 | CROWN CASTLE INTL CORP 3.30000 07/01/2030 | US | 185,672.89 | $206,845.93 | |
| 22944PAA5 | CSMC 2013-TH1 A1 2.13000 02/25/2043 | US | 56,820.61 | $58,249.04 | |
| 229663109 | CUBESMART | US | CUBE | 488.61 | $15,449.94 |
| 25243Q205 | DIAGEO PLC-SPONSORED ADR | GB | DEO | 615.65 | $82,743.66 |
| 253868103 | DIGITAL REALTY TRUST INC | US | DLR | 444.64 | $69,207.86 |
| 254687FW1 | WALT DISNEY COMPANY/THE 2.20000 01/13/2028 | US | 234,534.18 | $248,178.82 | |
| 25470DAT6 | DISCOVERY COMMUNICATIONS 5.20000 09/20/2047 | US | 390,890.3 | $468,835.86 | |
| 256746108 | DOLLAR TREE STORES INC | US | DLTR | 1,241.08 | $119,478.45 |
| 25746UDG1 | DOMINION ENERGY 3.37500 04/01/2030 | US | 322,484.5 | $367,091.43 | |
| 25787GAC4 | DONNELLEY FINANCIAL SOL 8.25000 10/15/2024 | US | 29,316.77 | $30,489.44 | |
| 25960P109 | DOUGLAS EMMETT INC | US | DEI | 791.55 | $22,100.16 |
| 262006208 | DREYFUS GVT CSH MANAGEMENT | US | 3,100,773 | $3,100,773.00 | |
| 26439XAC7 | DCP MIDSTREAM OPERATING 8.12500 08/16/2030 | US | 19,544.51 | $23,209.11 | |
| 264411505 | DUKE RLTY INVTS INC | US | DRE | 839.44 | $32,360.29 |
| 26875P101 | EOG RESOURCES INC | US | EOG | 2,785.09 | $126,276.13 |
| 26884L109 | EQT CORP | US | EQT | 8,062.11 | $127,945.72 |
| 26884LAG4 | EQT CORP 8.75000 02/01/2030 | US | 14,658.39 | $17,553.42 | |
| 277276101 | EASTGROUP PROPERTIES | US | EGP | 72.31 | $9,629.43 |
| 285512109 | ELECTRONIC ARTS | US | EA | 1,348.57 | $188,085.27 |
| 291011104 | EMERSON ELEC CO | US | EMR | 1,177.56 | $81,804.89 |
| 29273RAR0 | ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 | US | 557,018.67 | $600,293.14 | |
| 29444U700 | EQUINIX INC | US | EQIX | 485.68 | $383,581.29 |
| 29472R108 | EQUITY LIFESTYLE PROPERTIES | US | ELS | 527.7 | $34,981.36 |
| 29476L107 | EQUITY RESIDENTIAL | US | EQR | 356.69 | $20,135.00 |
| 297178105 | ESSEX PROPERTY TRUST INC | US | ESS | 43 | $9,309.48 |
| 30212P303 | EXPEDIA INC | US | EXPE | 4,646.71 | $456,074.43 |
| 30212PAS4 | EXPEDIA GROUP INC 6.25000 05/01/2025 | US | 244,306.44 | $268,450.20 | |
| 302154BV0 | EXPORT-IMPORT BANK KOREA 2.62500 12/30/2020 | KR | 977,225.74 | $983,537.52 | |
| 30225T102 | EXTRA SPACE STORAGE INC | US | EXR | 107.49 | $11,453.57 |
| 30231G102 | EXXON MOBIL CORP | US | XOM | 2,560.33 | $102,259.64 |
| 302491303 | FMC CORP | US | FMC | 1,192.22 | $127,400.14 |
| 30262DAL5 | FREMF 2011-K13 B 4.76356 01/25/2048 | US | 314,181.99 | $317,050.49 | |
| 30264DAA7 | FS ENERGY & POWER FUND 7.50000 08/15/2023 | US | 14,658.39 | $13,192.55 | |
| 30287EAE0 | FREMF 2014-K41 B FLT 3.96344 11/25/2047 | US | 266,782.63 | $292,580.91 | |
| 30291YAJ9 | FREMF 2014-K716 B FLT 4.08073 08/25/2047 | US | 440,728.81 | $447,467.55 | |
| 30303M102 | FACEBOOK INC -A | US | FB | 869.73 | $255,005.10 |
| 3128M5VT4 | FHLM POOL G03926 6.00000 02/01/2038 | US | 27,089.09 | $31,837.57 | |
| 3128M7C95 | FHLM POOL G05196 5.50000 10/01/2038 | US | 27,415.97 | $31,806.25 | |
| 3128M7KW5 | FHLM POOL G05409 5.50000 03/01/2039 | US | 24,464.92 | $28,387.70 | |
| 3128P75X7 | FHLM POOL C91762 4.50000 05/01/2034 | US | 90,460.93 | $99,679.00 | |
| 312941F69 | FHLM POOL A92889 4.50000 07/01/2040 | US | 95,894.25 | $106,955.57 | |
| 312941ZQ3 | FHLM POOL Q93451 4.50000 08/01/2040 | US | 107,245.38 | $119,912.97 | |
| 3132M45M3 | FHLM POOL Q24752 3.50000 02/01/2044 | US | 127,512.42 | $138,357.91 | |
| 3132QUNJ8 | FHLM POOL Q37592 4.00000 12/01/2045 | US | 158,990.88 | $173,452.25 | |
| 31335AFY9 | FHLM POOL G60183 4.00000 12/01/2044 | US | 65,036.45 | $70,009.28 | |
| 31335ALP1 | FHLM POOL G60334 4.50000 10/01/2041 | US | 84,510.97 | $94,296.49 | |
| 3133A6DB4 | FEDERAL NATL MTG ASSN FR QB0098 2.50000 06/01/2050 | US | 739,466.04 | $778,049.79 | |
| 3135G0Q22 | FANNIE MAE 1.87500 09/24/2026 | US | 610,766.09 | $659,175.10 | |
| 3136AY6W8 | FNA 2017-M15 A1 FLT 3.05797 09/25/2027 | US | 249,901.78 | $271,603.82 | |
| 3136B1YD0 | FNR 2018-31 KP 3.50000 07/25/2047 | US | 157,545.07 | $163,663.36 | |
| 3137F4YU0 | FHR 4791 BA MTGE 4.00000 03/15/2044 | US | 158,505.74 | $161,813.09 | |
| 3137FG2L8 | FHR 4801 BA MTGE 4.50000 05/15/2044 | US | 98,279.11 | $99,612.04 | |
| 3138EGE26 | FEDERAL NATL MTG ASSN AL0152 6.00000 06/01/2040 | US | 64,938.42 | $76,228.48 | |
| 3138EQST0 | FEDERAL NATL MTG ASSN AL7729 4.00000 06/01/2043 | US | 54,648.38 | $60,270.64 | |
| 3138ETT89 | FEDERAL NATL MTG ASSN AL8674 FLT 5.64300 01/01/2049 | US | 113,746.54 | $134,383.17 | |
| 3138WDAY7 | FEDERAL NATL MTG ASSN FN AS3622 3.50000 10/01/2044 | US | 501,085.2 | $548,972.80 | |
| 3140E2GZ8 | FEDERAL NATL MTG ASSN AZ9215 4.00000 10/01/2045 | US | 70,560.02 | $77,929.60 | |
| 3140FEX33 | FEDERAL NATL MTG ASSN BD6997 4.00000 10/01/2046 | US | 68,899.1 | $74,458.13 | |
| 3140FTWF4 | FEDERAL NATL MTG ASSN BE7845 4.50000 02/01/2047 | US | 44,827.49 | $48,768.26 | |
| 3140X4JC1 | FEDERAL NATL MTG ASSN FM1158 3.50000 06/01/2034 | US | 250,398 | $264,596.04 | |
| 31410GCD3 | FEDERAL NATL MTG ASSN 888468 5.50000 09/01/2021 | US | 1,998.91 | $2,014.69 | |
| 31410GN33 | FEDERAL NATL MTG ASSN 888810 5.50000 11/01/2022 | US | 2,191.88 | $2,212.03 | |
| 31410LC75 | FEDERAL NATL MTG ASSN 890294 5.50000 01/01/2039 | US | 59,371.05 | $68,970.71 | |
| 31410LD74 | FHLM POOL 890326 5.50000 01/01/2040 | US | 62,327.03 | $72,441.47 | |
| 31417YJC2 | FEDERAL NATL MTG ASSN MA0258 4.50000 12/01/2039 | US | 71,136.44 | $79,253.99 | |
| 31418BBC9 | FEDERAL NATL MTG ASSN MA1834 4.50000 02/01/2034 | US | 53,108.48 | $58,505.86 | |
| 31418BDH6 | FEDERAL NATL MTG ASSN MA1903 4.50000 05/01/2034 | US | 63,886.63 | $70,380.62 | |
| 31418CYJ7 | FEDERAL NATL MTG ASSN FN MA3412 3.50000 07/01/2038 | US | 257,201.54 | $271,566.27 | |
| 31418CZ56 | FEDERAL NATL MTG ASSN FN MA3463 4.00000 09/01/2033 | US | 158,978.32 | $168,551.32 | |
| 31418DNN8 | FEDERAL NATL MTG ASSN FN MA3996 2.50000 04/01/2050 | US | 197,527.45 | $204,629.60 | |
| 31418DQ21 | FEDERAL NATL MTG ASSN FN MA4072 2.50000 07/01/2040 | US | 557,262.62 | $586,652.41 | |
| 31418DQG0 | FEDERAL NATL MTG ASSN FN MA4054 2.50000 06/01/2040 | US | 990,712.97 | $1,042,961.60 | |
| 31418DQZ8 | FEDERAL NATL MTG ASSN FN MA4071 2.00000 07/01/2040 | US | 566,626.39 | $585,024.24 | |
| 31418MKV3 | FEDERAL NATL MTG ASSN AD0307 5.50000 01/01/2039 | US | 31,344.44 | $36,368.16 | |
| 31419AU62 | FEDERAL NATL MTG ASSN AE0604 6.00000 07/01/2039 | US | 37,670.18 | $44,557.16 | |
| 315786AC7 | FIDELITY & GUARA NTY LIFE 5.50000 05/01/2025 | US | 34,202.9 | $37,708.70 | |
| 32054K103 | FIRST INDUSTRIAL REALTY TR | US | FR | 669.4 | $28,549.89 |
| 33834YAA6 | FIVE POINT OP CO LP/FIVE 7.87500 11/15/2025 | US | 24,430.64 | $24,552.80 | |
| 34461LAA2 | FONTAINEBLEAU MIAMI BEACH TRUST 3.14400 12/10/2036 | US | 283,395.47 | $290,285.38 | |
| 345370CX6 | FORD MOTOR COMPANY 9.62500 04/22/2030 | US | 39,089.03 | $51,236.92 | |
| 346232AE1 | FORESTAR GROUP INC 5.00000 03/01/2028 | US | 14,658.39 | $14,810.54 | |
| 34960PAB7 | FORTRESS TRANS & INFRAST 6.50000 10/01/2025 | US | 9,772.26 | $9,479.09 | |
| 34960PAC5 | FORTRESS TRANS & INFRAST 9.75000 08/01/2027 | US | 14,658.39 | $15,629.80 | |
| 35166FAA0 | FOXTROT ESCROW ISSUER 12.25000 11/15/2026 | US | 19,544.51 | $21,334.21 | |
| 36237HAA9 | G-III APPAREL GROUP LTD 7.87500 08/15/2025 | US | 24,430.64 | $24,277.95 | |
| 36257MAA3 | GSMS 2019-70P A 1.16188 10/15/2036 | US | 254,078.69 | $244,532.62 | |
| 369550108 | GENERAL DYNAMICS CORP | US | GD | 458.32 | $68,449.92 |
| 369604BQ5 | GENERAL ELECTRIC CO 5.00000 01/21/2021 | US | 488,612.87 | $383,336.34 | |
| 370334104 | GENERAL MLS INC | US | GIS | 1,209.81 | $77,367.06 |
| 37255LAA5 | GENWORTH MORTGAGE HLDING 6.50000 08/15/2025 | US | 19,544.51 | $20,597.57 | |
| 374297109 | GETTY REALTY CORP | US | GTY | 664.51 | $19,463.60 |
| 375558103 | GILEAD SCIENCES INC | US | GILD | 1,794.19 | $119,761.95 |
| 38378HVC7 | GNR 2012-113 PY 2.50000 09/20/2042 | US | 244,306.44 | $258,960.84 | |
| 38379RRX3 | GNR 2017-54 AH MTGE 2.60000 12/16/2056 | US | 270,087.44 | $283,180.79 | |
| 388689101 | GRAPHIC PACKAGING HOLDING CO | US | GPK | 17,863.69 | $249,734.34 |
| 4031976 | ADIDAS AG | DE | ADS GR | 420.21 | $127,867.46 |
| 404119BX6 | HCA INC 4.12500 06/15/2029 | US | 312,712.24 | $360,297.66 | |
| 418751AD5 | HAT HOLDINGS I LLC/HAT 3.75000 09/15/2030 | US | 14,658.39 | $14,731.68 | |
| 421946104 | HEALTHCARE REALTY TRUST INC | US | HR | 361.57 | $10,431.40 |
| 42225P501 | HEALTHCARE TRUST OF AMERICA | US | HTA | 635.2 | $16,762.84 |
| 42250P103 | HEALTHPEAK PROPERTIES INC | US | PEAK | 1,456.07 | $40,245.67 |
| 427866108 | HERSHEY CO/THE | US | HSY | 421.18 | $62,604.83 |
| 431571AB4 | HILLENBRAND INC 4.50000 09/15/2026 | US | 24,430.64 | $26,201.87 | |
| 43300A203 | HILTON WORLDWIDE HOLDINGS INC | US | HLT | 1,846.96 | $166,891.00 |
| 437076102 | HOME DEPOT INC | US | HD | 990.91 | $282,448.10 |
| 438128308 | HONDA MOTOR CO LTD -SPONS ADR | JP | HMC | 3,212.14 | $82,166.57 |
| 438516106 | HONEYWELL INTERNATIONAL INC | US | HON | 896.12 | $148,352.00 |
| 443201AA6 | HOWMET AEROSPACE INC 6.87500 05/01/2025 | US | 24,430.64 | $27,769.67 | |
| 444454AD4 | HUGHES SATELLITE SYSTEMS 5.25000 08/01/2026 | US | 14,658.39 | $16,014.29 | |
| 450913AE8 | IAMGOLD CORP 7.00000 04/15/2025 | CA | 29,316.77 | $30,782.61 | |
| 452308109 | ILLINOIS TOOL WKS INC | US | ITW | 524.77 | $103,668.36 |
| 45337C102 | INCYTE CORP | US | INCY | 889.28 | $85,681.69 |
| 45569LAA9 | INDIGO NATURAL RES LLC 6.87500 02/15/2026 | US | 14,658.39 | $14,988.20 | |
| 45682RAA8 | INFRABUILD AUSTRALIA PTY 12.00000 10/01/2024 | AU | 24,430.64 | $23,209.11 | |
| 45778Q107 | INSPERITY INC | US | NSP | 1,905.59 | $128,379.61 |
| 458140100 | INTEL CORP | US | INTC | 3,661.66 | $186,561.82 |
| 45857P806 | INTERCONTINENTAL HOTELS-ADR | GB | IHG | 1,114.04 | $64,569.60 |
| 45866F104 | INTERCONTINENTALEXCHANGE INC | US | ICE | 2,736.23 | $290,669.93 |
| 459200101 | INTERNATIONAL BUSINESS MACH CORP | US | IBM | 1,168.76 | $144,120.04 |
| 46116VAE5 | INTL FC STORE INC 8.62500 06/15/2025 | US | 34,202.9 | $37,024.64 | |
| 46187BAA1 | IHSFR 2017-SFR2 A 1.01188 12/17/2036 | US | 70,851 | $70,326.97 | |
| 46187BAB9 | IHSFR 2017-SFR2 B 1.31188 12/17/2036 | US | 58,633.54 | $58,533.80 | |
| 46187W107 | INVITATION HOMES INC | US | INVH | 1,975.95 | $56,571.46 |
| 46284VAN1 | IRON MOUNTAIN INC 4.50000 02/15/2031 | US | 14,658.39 | $15,044.93 | |
| 465410BX5 | ITALY GOV'T INT BOND 2.37500 10/17/2024 | IT | 195,445.15 | $202,132.43 | |
| 46625H100 | JP MORGAN CHASE & CO | US | JPM | 2,098.1 | $210,209.01 |
| 46640BAC8 | JPMMT 2013-2 A2 3.50000 05/25/2043 | US | 51,842.19 | $54,198.31 | |
| 46641YAA1 | JPMMT 2014-2 1A1 3.00000 06/25/2029 | US | 74,226.36 | $75,079.45 | |
| 46647PBP0 | JPMORGAN CHASE & CO 2.95600 05/13/2031 | US | 557,018.67 | $599,114.53 | |
| 46647SAE0 | JPMMT 2017-3 1A3 3.50000 08/25/2047 | US | 157,830.09 | $161,575.65 | |
| 46648HAE3 | JPMMT 2017-2 A5 3.50000 05/25/2047 | US | 144,990.58 | $146,880.12 | |
| 46648HAF0 | JPMMT 2017-2 A6 3.00000 05/25/2047 | US | 155,730.63 | $157,102.35 | |
| 478160104 | JOHNSON & JOHNSON | US | JNJ | 4,150.28 | $636,694.11 |
| 47987LAA9 | JONAH NRG LLC/FINANCE 7.25000 10/15/2025 | US | 14,658.39 | $2,052.17 | |
| 48088LAB3 | JOSEPH T RYERSON & SON 8.50000 08/01/2028 | US | 14,658.39 | $16,014.29 | |
| 487526AB1 | KEHE DISTRIBUTORS LLC/FI 8.62500 10/15/2026 | US | 24,430.64 | $26,568.32 | |
| 49427F108 | KILROY REALTY CORP | US | KRC | 557.02 | $32,596.73 |
| 494368103 | KIMBERLY CLARK CORP | US | KMB | 595.13 | $93,887.78 |
| 494550AW6 | KINDER MORGAN ENER PART 6.95000 01/15/2038 | US | 449,523.84 | $597,987.35 | |
| 505742AG1 | LADDER CAP FIN LLLP/CORP 5.25000 10/01/2025 | US | 24,430.64 | $23,209.11 | |
| 512816109 | LAMAR ADVERTISING CO-A | US | LAMR | 219.88 | $15,222.00 |
| 53223X107 | LIFE STORAGE INC | US | LSI | 249.19 | $26,272.37 |
| 532457108 | ELI LILLY & CO | US | LLY | 843.35 | $125,144.09 |
| 539830109 | LOCKHEED MARTIN CORP | US | LMT | 365.48 | $142,633.17 |
| 541056AA5 | LOGAN MERGER SUB INC 5.50000 09/01/2027 | US | 9,772.26 | $9,964.67 | |
| 54238XAC2 | LONESTAR RESOURCES AMERICA 11.25000 01/01/2023 | US | 29,316.77 | $4,690.68 | |
| 550021109 | LULULEMON - ADR | CA | LULU | 342.03 | $128,490.04 |
| 552697AQ7 | MDC PARTNERS INC 6.50000 05/01/2024 | CA | 14,658.39 | $13,998.76 | |
| 552848AG8 | MGIC INVESTMENT CORP 5.25000 08/15/2028 | US | 19,544.51 | $20,521.74 | |
| 573284106 | MARTIN MARIETTA MATERIALS | US | MLM | 312.71 | $63,439.93 |
| 57636Q104 | MASTERCARD INC-CLASS A | US | MA | 1,583.11 | $567,052.63 |
| 577128AA9 | MATTHEWS INTERNATIONAL C 5.25000 12/01/2025 | US | 4,886.13 | $4,617.39 | |
| 58933Y105 | MERCK & CO INC | US | MRK | 2,705.94 | $230,735.34 |
| 594918104 | MICROSOFT CORP | US | MSFT | 1,172.67 | $264,472.47 |
| 595112103 | MICRON TECHNOLOGY INC | US | MU | 7,612.59 | $346,448.90 |
| 59522J103 | MID-AMERICA APARTMENT COMM | US | MAA | 332.26 | $38,913.91 |
| 609207105 | MONDELEZ INTERNATIONAL INC | US | MDLZ | 6,498.55 | $379,645.36 |
| 615369105 | MOODY'S CORPORATION | US | MCO | 351.8 | $103,654.73 |
| 61965RAA3 | MOSS CREEK RESOURCES HLD 7.50000 01/15/2026 | US | 19,544.51 | $13,387.99 | |
| 62426EAA3 | MOUNTAIN PROVINCE DIAMON 8.00000 12/15/2022 | CA | 9,772.26 | $7,133.75 | |
| 62913TAJ1 | NGL ENRGY PART LP/FIN CO 7.50000 11/01/2023 | US | 14,658.39 | $10,700.62 | |
| 63938CAH1 | NAVIENT CORP 6.75000 06/25/2025 | US | 24,430.64 | $25,468.95 | |
| 63938EAC8 | NAVSL 2014-1 A3 FLT 0.68513 06/25/2031 | US | 243,395.28 | $235,042.71 | |
| 63938NAF1 | NAVIOS SA LOGIST/FIN US 10.75000 07/01/2025 | MH | 9,772.26 | $10,578.47 | |
| 63940YAA4 | NAVSL 2019-CA A1 2.82000 02/15/2068 | US | 73,839.04 | $74,232.56 | |
| 63941RAB6 | NAVSL 2019-2A A2 1.17513 02/27/2068 | US | 537,474.16 | $541,469.85 | |
| 64032XAA3 | NSLT 2012-3A A MTGE FLT 0.87513 02/25/2045 | US | 252,092.86 | $246,612.97 | |
| 64033GAA9 | NSLT 2013-5A A MTGE FLT 0.80513 01/25/2037 | US | 395,378.33 | $379,847.04 | |
| 64033QAB5 | NSLT 2015-2A A2 0.77513 09/25/2047 | US | 521,016.08 | $503,551.62 | |
| 644393AA8 | NEW FORTRESS ENERGY INC 6.75000 09/15/2025 | US | 29,316.77 | $29,747.73 | |
| 64829DAG1 | NRZT 2014-3A AFX3 3.75000 11/25/2054 | US | 62,982.41 | $67,426.44 | |
| 64829EAA2 | NRZT 2015-2A A1 3.75000 08/25/2055 | US | 70,469.95 | $76,080.14 | |
| 64829LAA6 | NRZT 2016-4A A1 3.75000 11/25/2056 | US | 97,885.02 | $104,981.11 | |
| 654106AM5 | NIKE INC 3.37500 03/27/2050 | US | 214,989.66 | $247,456.83 | |
| 6642321 | NIKON CORP | JP | 7731 JP | 11,531.26 | $90,309.33 |
| 66727WAA0 | NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 | CA | 73,291.93 | $1,172.67 | |
| 66987V109 | NOVARTIS AG- REG | CH | NVS | 5,110.89 | $439,843.25 |
| 67401PAB4 | OAKTREE SPECIALTY LEND 3.50000 02/25/2025 | US | 14,658.39 | $14,756.12 | |
| 674599EA9 | OCCIDENTAL PETROLEUM COR 8.87500 07/15/2030 | US | 14,658.39 | $16,563.98 | |
| 675232AB8 | OCEANEERING INTL INC 6.00000 02/01/2028 | US | 24,430.64 | $15,415.74 | |
| 682189AQ8 | ON SEMICONDUCTOR CORP 3.87500 09/01/2028 | US | 14,658.39 | $15,295.73 | |
| 68389X105 | ORACLE CORP | US | ORCL | 2,382.48 | $136,325.30 |
| 68555PAA8 | ORBCOMM INC 8.00000 04/01/2024 | US | 24,430.64 | $23,758.80 | |
| 69144AAA7 | OXFIN 2020-1A A2 3.10100 02/15/2028 | US | 249,192.56 | $252,779.17 | |
| 69145LAA2 | OXFORD FIN LLC/CO-ISS II 6.37500 12/15/2022 | US | 4,886.13 | $4,655.85 | |
| 69327RAJ0 | PDC ENERGY INC 5.75000 05/15/2026 | US | 14,658.39 | $14,995.53 | |
| 693456AW5 | PMTLT 2013-J1 a9 3.50000 09/25/2043 | US | 193,574.06 | $203,971.64 | |
| 693475105 | PNC FINANCIAL SERVICES GROUP | US | PNC | 513.04 | $57,050.44 |
| 69354NAC0 | PRA GROUP INC 7.37500 09/01/2025 | US | 19,544.51 | $20,832.50 | |
| 70450Y103 | PAYPAL HOLDINGS INC | US | PYPL | 850.19 | $173,557.05 |
| 7123870 | NESTLE SA-REGISTERED | CH | NESN SW | 2,364.89 | $284,843.78 |
| 713448108 | PEPSICO INC | US | PEP | 938.14 | $131,395.43 |
| 717081103 | PFIZER INC | US | PFE | 6,174.11 | $233,319.70 |
| 717081EW9 | PFIZER INC 2.62500 04/01/2030 | US | 156,356.12 | $174,568.70 | |
| 719245AD4 | PHOTO HOLDINGS MERGER SU 8.50000 10/01/2026 | US | 19,544.51 | $17,962.58 | |
| 71943U104 | PHYSICIANS REALTY TRUST | US | DOC | 669.4 | $12,149.60 |
| 723787107 | PIONEER NATURAL RESOURCES CO | US | PXD | 1,827.41 | $189,922.94 |
| 741503AZ9 | BOOKING HOLDINGS INC 3.60000 06/01/2026 | US | 654,741.25 | $735,032.79 | |
| 74166MAE6 | PRIME SECSRVC BRW/FINANC 6.25000 01/15/2028 | US | 14,658.39 | $15,391.31 | |
| 74333KAA6 | PROG 2017-SFR2 A 2.89700 12/17/2034 | US | 146,311.53 | $146,892.40 | |
| 74333NAA0 | PROGRESS RESIDENTIAL TRUST 3.14700 05/17/2036 | US | 272,916.68 | $282,606.62 | |
| 74340W103 | PROLOGIS | US | PLD | 1,376.91 | $140,252.16 |
| 74460D109 | PUBLIC STORAGE INC | US | PSA | 185.67 | $39,436.92 |
| 747525103 | QUALCOMM INC | US | QCOM | 1,122.83 | $133,729.34 |
| 750236AW1 | RADIAN GROUP INC 4.87500 03/15/2027 | US | 34,202.9 | $34,305.51 | |
| 75513E101 | RAYTHEON TECHNOLOGIES CORP | US | RTX | 1,881.16 | $114,750.73 |
| 756109104 | REALTY INCOME CORP | US | O | 234.53 | $14,548.16 |
| 758849103 | REGENCY CENTERS CORP | US | REG | 166.13 | $6,596.96 |
| 76169C100 | REXFORD INDUSTRIAL REALITY IN | US | REXR | 625.42 | $30,007.87 |
| 778296AE3 | ROSS STORES INC 5.45000 04/15/2050 | US | 185,672.89 | $238,740.01 | |
| 780259107 | ROYAL DUTCH SHELL PLC-ADR B | NL | RDS/B | 1,074.95 | $30,206.05 |
| 783513203 | RYANAIR HOLDINGS - ADR | IE | RYAAY | 2,286.71 | $184,994.70 |
| 78409V104 | S&P GLOBAL INC | US | SPGI | 244.31 | $89,518.76 |
| 78410G104 | SBA COMMUNICATIONS CORP | US | SBAC | 576.56 | $176,468.70 |
| 78442GQJ8 | SLMA 2005-7 A4 FLT 0.39450 10/25/2029 | US | 242,432.68 | $237,922.25 | |
| 78442PGC4 | SLM CORP 5.12500 04/05/2022 | US | 34,202.9 | $35,228.99 | |
| 78449UAB4 | SMB 2020-A A2A MTGE 2.23000 09/15/2037 | US | 332,256.75 | $343,944.69 | |
| 78470NAB2 | SOFI 2015-D A2 2.72000 10/27/2036 | US | 45,471.62 | $46,218.60 | |
| 78470RAC1 | SOFI 2016-E A2B 2.49000 01/25/2036 | US | 105,487.13 | $106,903.13 | |
| 785592AV8 | SABINE PASS LIQUEFACTION 5.87500 06/30/2026 | US | 615,652.22 | $740,458.89 | |
| 79466L302 | SALESFORCE.COM | US | CRM | 703.6 | $191,837.23 |
| 806857108 | SCHLUMBERGER LTD | NL | SLB | 3,420.29 | $65,019.71 |
| 81745BAB1 | SEMT 2013-6 A2 3.00000 05/25/2043 | US | 386,946.75 | $404,828.96 | |
| 81745EAA7 | SEMT 2013-8 A1 3.00000 06/25/2043 | US | 77,187.57 | $79,405.21 | |
| 81748MAA6 | SEMT 2020-1 A1 3.50000 02/25/2050 | US | 257,896.88 | $265,346.39 | |
| 81762P102 | SERVICENOW INC | US | NOW | 263.85 | $127,181.44 |
| 83401BAB2 | SOFI 2017-F A2FX 2.84000 01/25/2041 | US | 64,043.49 | $65,779.13 | |
| 83402JAC2 | SOFI 2016-B A2B 2.74000 10/25/2032 | US | 32,782.95 | $33,410.91 | |
| 83404RAB4 | SOFI 2018-B A2FX MTGE 3.34000 08/25/2047 | US | 195,445.15 | $201,803.70 | |
| 83404YAA1 | SCLP 2016-5 A 3.06000 09/25/2028 | US | 5,009.16 | $5,018.83 | |
| 83405TAA1 | SCLP 2019-3 A MTGE 2.90000 05/25/2028 | US | 114,148.63 | $115,541.86 | |
| 83406CAA7 | SCLP 2019-2 A MTGE 3.01000 04/25/2028 | US | 85,468.41 | $86,455.52 | |
| 83406EAB1 | SOFI 2018-A A2A 2.39000 02/25/2042 | US | 6,810.44 | $6,816.68 | |
| 83406TAB8 | SOFI 2020-A A2FX MTGE 2.54000 05/15/2046 | US | 219,875.79 | $228,630.15 | |
| 844741BJ6 | SOUTHWEST AIRLINES CO 5.25000 05/04/2025 | US | 459,296.1 | $501,289.34 | |
| 85172FAN9 | SPRINGLEAF FINANCE CORP 7.12500 03/15/2026 | US | 14,658.39 | $16,820.43 | |
| 85254J102 | STAG INDUSTRIAL INC | US | STAG | 488.61 | $15,782.20 |
| 85571BAL9 | STARWOOD PROPERTY TRUST 4.75000 03/15/2025 | US | 24,430.64 | $23,514.49 | |
| 85571XAA5 | SRPT 2014-STAR A FLTG RATE 1.63188 11/15/2027 | US | 246,854.42 | $172,852.32 | |
| 861036AA9 | STL HOLDING CO LLC 7.50000 02/15/2026 | US | 19,544.51 | $19,788.82 | |
| 866674104 | SUN COMMUNITIES | US | SUI | 386 | $57,545.50 |
| 86935CAA0 | SCML 2019-SBC8 2.86000 04/25/2041 | US | 211,421.43 | $213,099.90 | |
| 87105L104 | SWITCH INC - A | US | SWCH | 1,493.2 | $25,683.06 |
| 871829107 | SYSCO CORP | US | SYY | 2,257.39 | $135,759.52 |
| 872540AU3 | TJX COS INC 4.50000 04/15/2050 | US | 263,850.95 | $335,671.97 | |
| 87422VAJ7 | TALEN ENERGY SUPPLY LLC 7.62500 06/01/2028 | US | 24,430.64 | $25,246.38 | |
| 87854WAA1 | TECHNIPLAS LLC 10.00000 05/01/2020 | US | 9,772.26 | $2,174.33 | |
| 88032WAN6 | TENCENT HOLDINGS 3.97500 04/11/2029 | KY | 566,790.93 | $654,071.26 | |
| 88146M101 | TERRENO REALTY CORP | US | TRNO | 351.8 | $20,981.43 |
| 882508104 | TEXAS INSTRUMENTS INC | US | TXN | 1,178.53 | $167,528.64 |
| 883556102 | THERMO FISHER SCIENTIFIC INC | US | TMO | 302.94 | $129,955.19 |
| 88579Y101 | 3M CO | US | MMM | 827.71 | $134,933.32 |
| 89151E109 | TOTAL S A SPONSORED ADR | FR | TOT | 5,520.35 | $218,440.18 |
| 89173CAA5 | TPMT 2016-5 A1 2.50000 10/25/2056 | US | 138,693.93 | $141,621.95 | |
| 89173FAA8 | TPMT 2017-1 A1 2.75000 10/25/2056 | US | 126,365.98 | $129,926.41 | |
| 89177EAA7 | TPMT 2019-HY1 A1 1.17513 10/25/2048 | US | 118,911.96 | $118,664.45 | |
| 892231AA9 | TOWNSQUARE MEDIA INC 6.50000 04/01/2023 | US | 24,430.64 | $22,537.27 | |
| 89613BAA5 | TAH 2016-SFR1 A 2.58900 11/17/2033 | US | 204,851.98 | $205,391.22 | |
| 89613FAA6 | TAH 2017-SFR2 A 2.92800 01/17/2036 | US | 194,048.05 | $201,072.59 | |
| 89613GAA4 | TAH 2020-SFR1 A 1.49900 07/17/2038 | US | 439,751.58 | $439,661.92 | |
| 89832Q109 | TRUIST FINANCIAL CORP | US | TFC | 2,291.59 | $88,936.78 |
| 901109AF5 | TUTOR PERINI CORP 6.87500 05/01/2025 | US | 43,975.16 | $42,326.09 | |
| 902653104 | UDR INC | US | UDR | 333.23 | $11,599.87 |
| 902973304 | U.S. BANCORP | US | USB | 2,439.16 | $88,785.26 |
| 904767704 | UNILEVER PLC - ADR | GB | UL | 10,213.96 | $608,547.94 |
| 907818108 | UNION PAC CORP | US | UNP | 907.84 | $174,705.25 |
| 912810FS2 | TSY INFL IX N/B 2.00000 01/15/2026 | US | 939,274.01 | $1,117,864.49 | |
| 912828YN4 | US TREASURY FRN FLT 0.40503 10/31/2021 | US | 1,611,445.25 | $1,616,655.51 | |
| 912828ZJ2 | TSY INFL IX N/B 0.12500 04/15/2025 | US | 1,506,869.64 | $1,620,414.61 | |
| 91704F104 | URBAN EDGE PROPERTIES | US | UE | 1,035.86 | $10,938.67 |
| 91823AAN1 | VBTOW 2020-1A C2 3.03100 06/15/2050 | US | 97,722.57 | $101,160.44 | |
| 92343VDU5 | VERIZON COMMUNICATIONS 5.25000 03/16/2037 | US | 517,929.64 | $703,564.38 | |
| 92826C839 | VISA INC - CLASS A SHARES | US | V | 2,452.84 | $519,976.83 |
| 92826CAK8 | VISA INC 2.70000 04/15/2040 | US | 537,474.16 | $580,559.76 | |
| 928668BE1 | VOLKSWAGEN GROUP AMERICA 3.35000 05/13/2025 | US | 366,459.65 | $402,777.71 | |
| 929160109 | VULCAN MATERIALS CO | US | VMC | 1,055.4 | $126,648.46 |
| 92935JBC8 | WF-RBS COMMERCIAL MORTGAGE T FLT 4.86900 02/15/2044 | US | 278,192.79 | $280,612.80 | |
| 93065PAA9 | WBHT 2019-WBM A FLT 1.21188 12/15/2033 | US | 171,014.51 | $162,457.53 | |
| 931142103 | WAL MART STORES | US | WMT | 1,951.52 | $270,968.53 |
| 94106L109 | WASTE MANAGEMENT INC | US | WM | 729.99 | $83,218.59 |
| 949746101 | WELLS FARGO COMPANY | US | WFC | 5,085.48 | $122,814.41 |
| 95040Q104 | WELLTOWER INC. | US | WELL | 508.16 | $29,229.21 |
| 95081QAP9 | WESCO DISTRIBUTION INC 7.25000 06/15/2028 | US | 19,544.51 | $21,801.61 | |
| 962178AN9 | TRI POINTE GROUP / HOMES 5.87500 06/15/2024 | US | 24,430.64 | $26,507.25 | |
| 966387AH5 | WHITING PETROLEUM CORP 5.75000 03/15/2021 | US | 78,178.06 | $17,590.06 | |
| 96949LAD7 | WILLIAMS PARTNERS LP 3.75000 06/15/2027 | US | 439,751.58 | $485,859.12 | |
| 98311A105 | WYNDHAM HOTELS & RESORTS INC | US | WH | 463.21 | $24,253.41 |
| B3ZD2V9 | MEX BONOS DESARR FIX RT 6.50000 06/10/2021 | MX | 268,737.08 | $12,458.78 | |
| B4888C1 | CANADIAN GOVERNMENT FLT 2.75000 06/01/2022 | CA | 32,248.45 | $25,800.73 | |
| B4NDCC9 | MEX BONOS DESARR FIX RT 6.50000 06/09/2022 | MX | 492,521.77 | $23,253.10 | |
| B63QM77 | NEXON CO LTD | JP | 3659 JP | 11,922.15 | $278,971.32 |
| B6TC406 | MEX BONOS DESARR FIX RT 7.75000 05/29/2031 | MX | 89,904.77 | $4,642.74 | |
| BGHQ198 | HIBERNIA REIT PLC | IE | HBRN ID | 10,299.96 | $14,640.28 |
| BJVB695 | BUONI POLIENNALI DEL TES 2.45000 09/01/2050 | IT | 87,950.32 | $114,215.34 | |
| BK0939417 | AMERICAN TANKER INC 7.75000 07/02/2025 | US | 34,202.9 | $34,418.38 | |
| BMMV2K8 | TENCENT HOLDINGS LTD | CN | 700 HK | 3,947.99 | $269,720.34 |
| BYYHL23 | ANHEUSER-BUSCH INBEV SA/NV | BE | ABI BB | 2,228.07 | $129,494.20 |
| G1151C101 | ACCENTURE PLC - CL A | IE | ACN | 551.16 | $132,238.70 |
| G29183103 | EATON CORP PLC | US | ETN | 773.96 | $79,021.60 |
| G5494J103 | LINDE PLC | GB | LIN | 504.25 | $125,931.02 |
| G5960L103 | MEDTRONIC INC | IE | MDT | 2,866.2 | $308,030.85 |
| H01301128 | ALCON INC | CH | ALC | 6,176.07 | $354,135.66 |
| H1467J104 | CHUBB LTD | CH | CB | 654.74 | $81,842.66 |
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).
Subscribe to receive email updates when new insights are available
Subscribe
© Manning & Napier | Privacy Policy | California Consumer Privacy Act | Legal Disclaimer | Business Continuity | Whistleblower Policy | Form CRS