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.

Target Series Glide Path Overview

Learn more about our Glide Range SM

Daily Price

$9.95

Daily $ Change

-$0.02

Daily % Change

-0.20%

as of 09/17/2018

Ticker

MTDKX

CUSIP

56382P807

Inception Date

03/28/2008

Investment Minimum

$2,000.00

Investment minimum may be waived for certain qualified retirement plans and participants in an automatic investment program.

Important Documents

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

Information on Underlying Investments

Blended Asset Series Prospectus
Blended Asset Series SAI
XBRL Blended Asset Series – 11/02/2017
Blended Asset Series Annual Report
Blended Asset Series Semi-Annual Report

The financial statements of the underlying investments should be read in conjunction with the Series’ financial statements. Beginning 10/16/2017, the underlying funds are the Manning & Napier Fund, Inc. Blended Asset Series. The Blended Asset Series are not currently available for direct investment.

Performance

As of 08/31/2018

YTD

1.26%

1 Year

2.75%

3 Year

4.40%

5 Year

3.89%

10 Year

4.75%

Inception
(03/28/2008)

4.59%

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 1.05%
Net 0.92%*

*Includes acquired fund fees and expenses of the underlying Series, and a 12b-1 fee of 0.25%. Up to 0.25% of the 12b-1 fee is available as a shareholder servicing fee. Reflects the Advisor’s contractual agreement to limit its fees and reimburse certain expenses. The contractual waiver may not be amended or terminated prior to the expiration date (02/29/2028) without the approval of the Fund's Board of Directors.

Top Ten Investments

As of 08/31/2018

TREASURY NOTES 20.56%
GOVERNMENT AGENCY 10.16%
TREASURY BONDS 3.17%
TREASURY BILLS 2.96%
UNITED STATES TREAS INFL INDEX 0.12500 04/15/2020 2.23%
FRESENIUS MED CARE II 5.62500 07/31/2019 1.14%
GAHR 2015-NRF DFX FLT 3.49490 12/15/2034 1.01%
VERIZON COMMUNICATIONS 5.50000 03/16/2047 0.85%
PRICELINE GROUP INC/THE 3.60000 06/01/2026 0.84%
MORGAN STANLEY FLT 3.56325 05/08/2024 0.84%

Top Ten Investments list is unaudited and excludes cash.

Asset Allocation

As of 08/31/2018

Bonds 71.23%
Stocks 27.98%
Cash 0.79%

Detailed Asset Class Allocation

As of 08/31/2018

International Equities 6.20%
Small Capitalization 0.92%
Mid Capitalization 1.91%
Large Capitalization 18.96%
Long Term Fixed Income 17.57%
Intermediate Term Fixed Income 28.28%
Short Term Fixed Income 25.37%
Cash 0.79%

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 08/31/2018

CUSIP Security Description Country Ticker Shares/Par Market Value (USD)
000375204 ABB LTD-SPON ADR CH ABB 3,130.92 $73,607.81
00206RDQ2 AT&T INC 4.25000 03/01/2027 US 700,362.24 $691,530.12
00254EML3 SWEDISH EXPORT CREDIT 1.12500 08/28/2019 SE 497,158.54 $490,069.09
00287Y109 ABBVIE INC US ABBV 1,671.01 $160,383.07
004239109 ACADIA REALTY TRUST US AKR 527.74 $15,051.08
00774MAG0 AERCAP IRELAND CAP / GLOBA 4.45000 10/01/2025 IE 779,276.29 $779,955.27
008492100 AGREE REALTY CORP US ADC 236.74 $13,510.88
00928QAK7 AIRCASTLE LTD 6.25000 12/01/2019 BM 14,796.39 $15,277.27
015271109 ALEXANDRIA REAL EST EQUITIES US ARE 98.64 $12,660.77
01609W102 ALIBABA GROUP - ADR CN BABA 1,864.34 $326,278.94
01609WAT9 ALIBABA GROUP HOLDING 3.40000 12/06/2027 KY 1,114,661.02 $1,048,154.51
01748XAA0 ALLEGIANT TRAVEL CO 5.50000 07/15/2019 US 25,647.07 $25,903.54
020002101 ALLSTATE CORPORATION US ALL 340.32 $34,225.67
02005NAT7 ALLY FINANCIAL INC 3.50000 01/27/2019 US 29,592.77 $29,622.36
02079K107 ALPHABET INC-CL C US GOOG 207.15 $252,347.32
02079K305 ALPHABET INC-CL A US GOOGL 207.15 $255,166.62
023135106 AMAZON.COM INC US AMZN 69.05 $138,977.22
02319V103 AMBEV SA-ADR BR ABEV 100,053.16 $465,247.18
0237400 DIAGEO PLC GB DGE LN 13,962.86 $488,342.31
024835100 AMERICAN CAMPUS COMMUNITIES US ACC 616.52 $25,850.52
02665T306 AMERICAN HOMES 4 RENT- A US AMH 2,313.17 $53,665.50
02666TAA5 AMERICAN HOMES 4 RENT 4.25000 02/15/2028 US 720,090.75 $697,980.90
026874784 AMERICAN INTL GROUP INC US AIG 512.94 $27,273.09
02753GAA7 AMERICAN MIDSTREAM PTR/F 9.25000 12/15/2021 US 24,660.64 $24,352.38
03027X100 AMERICAN TOWER REIT INC US AMT 1,533.89 $228,733.97
03064D108 AMERICOLD REALTY TRUST US COLD 438.96 $10,930.09
031162100 AMGEN INC US AMGN 767.44 $153,342.02
03748R101 APARTMENT INVT & MGMT CO -A US AIV 848.33 $37,156.68
037612306 APOLLO GLOBAL MANAGMENT - A US APO 1,469.77 $50,751.31
037833100 APPLE COMPUTER INC US AAPL 522.81 $119,006.24
03784Y200 APPLE HOSPITALITY REIT INC US APLE 1,163.98 $20,544.29
04014Y101 ARES MANAGEMENT LP US ARES 1,450.05 $30,885.97
053015103 AUTOMATIC DATA PROCESSING US ADP 658.93 $96,698.32
053484101 AVALONBAY COMMUNITIES INC US AVB 547.47 $100,345.09
055622104 BP PLC-SPONS ADR GB BP 3,284.8 $140,852.12
05604LAA0 BWAY 2015-1740 A 2.91700 01/10/2035 US 559,303.36 $538,071.48
058498106 BALL CORP US BLL 10,237.13 $428,730.83
060505104 BANK OF AMERICA CORP US BAC 6,658.37 $205,943.49
06051GFM6 BANK OF AMERICA CORP 4.00000 01/22/2025 US 1,065,339.74 $1,053,842.72
06652K103 BANKUNITED INC US BKU 892.72 $34,628.42
088606108 BHP LIMITED-SPONS ADR AU BHP 2,166.19 $104,063.81
09061G101 BIOMARIN PHARMACEUTICAL INC US BMRN 3,718.82 $371,808.11
09062X103 BIOGEN IDEC INC US BIIB 508.01 $179,576.18
09247X101 BLACKROCK INC US BLK 966.7 $463,105.95
09253U108 BLACKSTONE GROUP LP/THE US BX 1,479.64 $54,613.46
09627J102 BLUEROCK RESIDENTIAL GROWTH US 1,045.61 $10,341.10
096630AE8 BOARDWALK PIPELINES LP 5.95000 06/01/2026 US 976,561.43 $1,045,988.80
097023105 BOEING CO US BA 555.36 $190,371.05
09857L108 BOOKING HOLDINGS INC US BKNG 434.03 $847,025.98
0989529 ASTRAZENECA PLC GB AZN LN 996.29 $75,193.52
101121101 BOSTON PROPERTIES INC US BXP 611.58 $79,781.12
105368203 BRANDYWINE REALTY TRUST US BDN 3,052.99 $51,168.07
110122108 BRISTOL MYERS SQUIBB CO US BMY 7,230.5 $437,806.79
11135F101 BROADCOM INC US AVGO 387.67 $84,910.33
12467AAD0 C&S GROUP ENTERPRISES 5.37500 07/15/2022 US 24,660.64 $24,352.38
1248EPBR3 CCO HLDGS LLC/CAP CORP 5.50000 05/01/2026 US 24,660.64 $24,352.38
125269100 CF INDUSTRIES HOLDINGS INC US CF 8,103.49 $420,976.15
125896100 CMS ENERGY CORP US CMS 1,307.01 $64,357.37
12592BAB0 CNH INDUSTRIAL CAPITAL L 3.37500 07/15/2019 US 700,362.24 $704,452.87
12629NAF2 COMM 2015-DC1 A5 FLT 3.35000 02/10/2048 US 537,602 $531,884.06
126307AH0 CSC HOLDINGS LLC 5.25000 06/01/2024 US 47,348.43 $45,927.98
12646XAH5 CSMC 2013-IVR3 A1 2.50000 05/25/2043 US 155,296.27 $144,954.38
126650100 CVS HEALTH CORP US CVS 1,320.82 $99,378.80
12770QAA3 CZR 2017-VICI A 3.53100 10/15/2034 US 256,470.68 $258,133.38
14041NFF3 CAPITAL ONE MULTI-ASSET 1.33000 06/15/2022 US 197,285.14 $194,786.54
14314WAD3 CARMX 2017-3 A3 1.97000 04/15/2022 US 224,905.06 $221,933.61
149123101 CATERPILLAR INC US CAT 561.28 $77,933.20
14912Y202 CATCHMARK TIMBER TRUST INC US CTT 6,017.2 $75,455.65
14980AAA0 CAZENOVIA CREEK FUNDING LLC 3.56070 07/15/2030 US 374,841.76 $374,579.37
156504AH5 CENTURY COMMUNITIES 5.87500 07/15/2025 US 56,226.26 $52,712.12
16411QAB7 CHENIERE ENERGY PARTNERS 5.25000 10/01/2025 US 44,389.16 $44,389.16
165183AF1 CFII 2016-2A A1 1.88000 06/15/2028 US 198,419.23 $197,555.46
165183AL8 CFII 2017-2A A1 1.99000 05/15/2029 US 117,570.83 $116,458.79
165183BB9 CFII 2017-4A A1 2.12000 11/15/2029 US 304,676.22 $301,416.70
165240102 CHESAPEAKE LODGING TRUST US CHSP 601.72 $19,802.59
166764100 CHEVRON CORP US CVX 863.12 $102,245.49
16941R108 CHINA PETROLEUM & CHEM-ADR CN SNP 1,376.06 $136,656.90
17275R102 CISCO SYSTEMS INC US CSCO 4,470.48 $213,554.89
172967424 CITIGROUP INC US C 2,436.47 $173,574.23
172967EW7 CITIGROUP INC 8.12500 07/15/2039 US 710,226.49 $1,022,130.05
194162103 COLGATE-PALMOLIVE CO US CL 1,283.34 $85,226.60
19625JAA1 CAH 2015-1A A 3.27113 07/17/2032 US 222,895.89 $223,069.02
19626G108 COLONY CAPITAL INC US CLNY 8,473.4 $51,941.92
199908104 COMFORT SYSTEMS US FIX 868.05 $49,826.33
20030N101 COMCAST CORP-CL A US CMCSA 3,634.98 $134,457.86
20369C106 COMMUNITY HEALTHCARE TRUST I US CHCT 2,747.2 $85,245.48
2099084 BORALEX INC -A CA BLX CN 1,790.36 $26,354.69
21871N101 CORECIVIC INC US CXW 3,215.75 $83,255.71
21987BAK4 CODELCO INC 5.62500 09/21/2035 CL 468,552.2 $520,029.57
222795106 COUSINS PROPERTIES INC US CUZ 5,316.83 $49,712.40
22282E102 COVANTA HOLDING CORP US CVA 4,922.26 $86,877.96
22530LAA4 CAALT 2017-1A A 2.56000 10/15/2025 US 251,538.55 $250,324.65
22663AAA7 ORTHO-CLINICAL DIAGNOSTI 6.62500 05/15/2022 US 24,660.64 $24,198.26
22822V101 CROWN CASTLE INTL CORP US CCI 1,129.46 $128,792.03
22944PAA5 CSMC 2013-TH1 A1 2.13000 02/25/2043 US 100,645.74 $93,457.62
229663109 CUBESMART US CUBE 636.24 $19,437.27
23331A109 DR HORTON INC US DHI 138.1 $6,146.81
23918K108 DAVITA INC. US DVA 5,356.29 $371,137.44
23918KAR9 DAVITA INC 5.00000 05/01/2025 US 34,524.9 $32,712.34
247361702 DELTA AIR LINES INC. US DAL 986.43 $57,686.17
25271C102 DIAMOND OFFSHORE DRILLING US DO 9,065.25 $157,916.69
253393102 DICK'S SPORTING GOODS INC US DKS 1,514.16 $56,690.28
253868103 DIGITAL REALTY TRUST INC US DLR 937.1 $116,463.33
25470DAT6 DISCOVERY COMMUNICATIONS 5.20000 09/20/2047 US 720,090.75 $698,583.10
256677105 DOLLAR GENERAL CORP US DG 1,242.9 $133,897.22
26078J100 DOWDUPONT INC US DWDP 1,864.34 $130,746.48
26780TAA5 DYNAGAS LNG PARTNERS/FIN 6.25000 10/30/2019 MH 35,511.32 $35,511.32
269246401 ETRADE FINANCIAL CORP US ETFC 3,925.97 $231,082.84
2715777 QUEBECOR INC -CL B CA QBR/B CN 5,770.59 $116,207.75
277276101 EASTGROUP PROPERTIES US EGP 103.57 $10,074.71
2801836 SHAW COMMUNICATIONS INC-B CA SJR/B CN 5,267.51 $106,238.27
285512109 ELECTRONIC ARTS US EA 2,377.29 $269,607.99
2866857 LUNDIN MINING CORP CA LUN CN 20,478.2 $97,604.90
291011104 EMERSON ELEC CO US EMR 988.4 $75,839.82
294429105 EQUIFAX INC US EFX 2,268.78 $303,948.33
29444U700 EQUINIX INC US EQIX 1,183.71 $516,251.80
29472R108 EQUITY LIFESTYLE PROPERTIES US ELS 276.2 $26,758.18
29476L107 EQUITY RESIDENTIAL US EQR 1,065.34 $72,176.77
297178105 ESSEX PROPERTY TRUST INC US ESS 118.37 $29,152.43
30161N101 EXELON CORP US EXC 917.38 $40,098.50
302154BV0 EXPORT-IMPORT BANK KOREA 2.62500 12/30/2020 KR 986,425.68 $969,100.10
30225T102 EXTRA SPACE STORAGE INC US EXR 281.13 $25,923.12
30231G102 EXXON MOBIL CORP US XOM 3,274.93 $262,551.40
302491303 FMC CORP US FMC 1,188.64 $101,569.54
30261UAJ3 FREMF 2013-K713 B 3.26252 04/25/2046 US 295,927.71 $295,593.28
30262DAL5 FREMF 2011-K13 B 4.76791 01/25/2048 US 317,139.8 $326,512.94
30264DAA7 FS ENERGY & POWER FUND 7.50000 08/15/2023 US 44,389.16 $45,430.08
30287EAE0 FREMF 2014-K41 B FLT 3.96243 11/25/2047 US 269,294.21 $267,510.35
30291EAE4 FREMF 2013-K712 B FLT 3.47346 05/25/2045 US 133,167.47 $133,346.52
30291YAJ9 FREMF 2014-K716 B FLT 4.08107 08/25/2047 US 444,877.98 $450,958.22
30292HAU0 FREMF 2014- K503 B 3.08902 10/25/2047 US 295,927.71 $295,435.31
3128M5VT4 FHLM POOL G03926 6.00000 02/01/2038 US 42,898.96 $47,399.88
3128M7C95 FHLM POOL G05196 5.50000 10/01/2038 US 40,697.29 $44,014.25
3128M7KW5 FHLM POOL G05409 5.50000 03/01/2039 US 36,633.44 $39,617.35
3128MJ2U3 FHLM GOLD POOL FG G08786 4.50000 10/01/2047 US 207,460.46 $216,460.84
3128P75X7 FHLM POOL C91762 4.50000 05/01/2034 US 119,432.42 $124,757.74
312941F69 FHLM POOL A92889 4.50000 07/01/2040 US 159,531.08 $167,508.70
312941ZQ3 FHLM POOL Q93451 4.50000 08/01/2040 US 160,440.94 $168,442.71
3132J8YK0 FHLM POOL Q17513 3.50000 04/01/2043 US 236,431.4 $236,969.77
3132M45M3 FHLM POOL Q24752 3.50000 02/01/2044 US 182,942.44 $183,358.85
3132QUNJ8 FHLM POOL Q37592 4.00000 12/01/2045 US 238,574.2 $243,598.51
3132WF3E7 FHLM POOL Q42596 3.50000 08/01/2046 US 277,091.5 $276,029.28
3132WKQ84 FHLM POOL Q45878 3.00000 12/01/2046 US 328,321.64 $318,217.94
3132WPDP9 FHLM GOLD POOL FG Q49109 4.00000 07/01/2047 US 245,524.06 $250,311.27
3132XSLZ1 FHLM GOLD POOL FG Q50343 4.00000 08/01/2047 US 281,391.25 $286,850.29
3132XYDL8 FHLM POOL Q55506 4.50000 04/01/2048 US 713,332.69 $741,510.22
31335AFY9 FHLM POOL G60183 4.00000 12/01/2044 US 132,126.95 $135,039.49
31335ALP1 FHLM POOL G60334 4.50000 10/01/2041 US 133,746.63 $140,418.82
31335AV54 FHLM POOL G60636 4.00000 01/01/2046 US 178,635.7 $182,257.81
3136B1YD0 FNR 2018-31 KP 3.50000 07/25/2047 US 322,197.28 $322,318.42
3137B4WB8 FHMS K033 A2 3.06000 07/25/2023 US 654,986.65 $655,332.68
3137BWVV3 FHMS KJ13 A2 2.86400 08/25/2022 US 337,357.58 $335,321.46
3137F4YU0 FHLM POOL FHR4791 4.00000 03/15/2044 US 407,734.58 $416,577.32
3137FG2L8 FHLM POOL 4801 4.50000 05/15/2044 US 426,742.66 $442,619.92
3138EGE26 FEDERAL NATL MTG ASSN AL0152 6.00000 06/01/2040 US 92,047.75 $101,544.29
3138EHR87 FEDERAL NATL MTG ASSN AL1410 4.50000 12/01/2041 US 145,729.02 $152,352.87
3138EHXZ0 FEDERAL NATL MTG ASSN AL1595 6.00000 01/01/2040 US 67,453.29 $74,155.70
3138EQST0 FEDERAL NATL MTG ASSN AL7729 4.00000 06/01/2043 US 79,009.75 $81,031.42
3138ETT89 FEDERAL NATL MTG ASSN AL8674 FLT 5.65400 01/01/2049 US 160,935.4 $172,714.59
3138WDRZ6 FEDERAL NATL MTG ASSN AS4103 4.50000 12/01/2044 US 131,988.02 $138,185.72
3138WHU26 FEDERAL NATL MTGE ASSN FN AS7800 3.00000 08/01/2046 US 560,962.69 $543,450.26
3138YTGK4 FEDERAL NATL MTG ASSN AZ2001 3.50000 05/01/2045 US 301,685.97 $300,766.19
3140E2GZ8 FEDERAL NATL MTG ASSN AZ9215 4.00000 10/01/2045 US 114,973.9 $117,515.50
3140EWKL8 FEDERAL NATL MTG ASSN BC2098 4.00000 06/01/2046 US 122,129.74 $124,474.16
3140EX2Y8 FEDERAL NATL MTG ASSN BC3490 3.50000 02/01/2046 US 258,194.87 $257,366.73
3140F2QS2 FEDERAL NATL MTG ASSN BC6764 3.50000 04/01/2046 US 200,458.59 $199,753.54
3140FA5G3 FEDERAL NATL MTG ASSN FN BD3546 4.00000 09/01/2047 US 178,831.23 $182,268.73
3140FEX33 FEDERAL NATL MTG ASSN BD6997 4.00000 10/01/2046 US 106,008.12 $108,003.21
3140FEXR0 FEDERAL NATL MTG ASSN BD6987 4.00000 10/01/2046 US 140,737.45 $143,388.11
3140FPGZ6 FEDERAL NATL MTG ASSN BE3815 4.00000 12/01/2046 US 102,791.85 $104,719.73
3140FTWF4 FEDERAL NATL MTG ASSN BE7845 4.50000 02/01/2047 US 138,130.92 $144,463.01
3140H2PH5 FEDERAL NATL MATG ASSN FN BJ1323 3.50000 11/01/2047 US 613,911.78 $611,561.95
3140J8YU1 FEDERAL NATL MTGE ASSN FN BM4322 4.00000 07/01/2048 US 615,573.73 $628,376.35
3140Q7HT7 FEDERAL NATL MTG ASSN FN CA0241 4.00000 08/01/2047 US 533,343.46 $543,608.43
31410GCD3 FEDERAL NATL MTG ASSN 888468 5.50000 09/01/2021 US 19,602.27 $20,006.52
31410GN33 FEDERAL NATL MTG ASSN 888810 5.50000 11/01/2022 US 23,454.5 $23,923.47
31410HAQ4 MACYS RETAIL HLDGS INC 6.90000 04/01/2029 US 345,248.99 $372,119.84
31410LC75 FEDERAL NATL MTG ASSN 890294 5.50000 01/01/2039 US 89,135.6 $96,581.67
31410LD74 FHLM POOL 890326 5.50000 01/01/2040 US 94,338.52 $102,210.44
31416BRR1 FEDERAL NATL MTG ASSN 995196 6.00000 07/01/2038 US 70,235 $77,567.33
31417YJC2 FEDERAL NATL MTG ASSN MA0258 4.50000 12/01/2039 US 111,495.88 $116,818.05
31418BBC9 FEDERAL NATL MTG ASSN MA1834 4.50000 02/01/2034 US 92,112.21 $96,105.22
31418BDH6 FEDERAL NATL MTG ASSN MA1903 4.50000 05/01/2034 US 92,804.61 $96,813.42
31418CAF1 FEDERAL NATL MTG ASSN FN MA2705 3.00000 08/01/2046 US 328,783.38 $318,536.71
31418CQA5 FEDERAL NATL MTGE ASSN FN MA3148 3.50000 10/01/2047 US 722,911.59 $719,285.73
31418CRE6 FEDERAL NATL MTG ASSN FN MA3184 4.50000 11/01/2047 US 498,718.81 $518,005.31
31418CV43 FEDERAL NATL MTG ASSN FN MA3334 4.50000 04/01/2048 US 524,003.19 $544,377.39
31418MKV3 FEDERAL NATL MTG ASSN AD0307 5.50000 01/01/2039 US 46,559 $50,415.93
31419AU62 FEDERAL NATL MTG ASSN AE0604 6.00000 07/01/2039 US 52,665.39 $58,135.51
31428X106 FEDEX CORPORATION US FDX 1,262.62 $308,017.34
316773100 FIFTH THIRD BANCORP US FITB 1,257.69 $37,013.90
32054K103 FIRST INDUSTRIAL REALTY TR US FR 655.97 $21,292.89
336130AB5 FIRST QUALITY FINANCE CO 5.00000 07/01/2025 US 34,524.9 $32,367.09
35802XAA1 FRESENIUS MED CARE US 6.50000 09/15/2018 US 14,796.39 $14,809.45
35802XAD5 FRESENIUS MED CARE II 5.62500 07/31/2019 US 1,405,656.6 $1,435,961.12
36143WAN1 GAHR 2015-NRF BFX FLT 3.49490 12/15/2034 US 300,859.83 $300,857.60
36143WAS0 GAHR 2015-NRF DFX FLT 3.49490 12/15/2034 US 1,272,489.13 $1,266,472.55
36246MAT6 GTP AQUISITION PARTNERS 2.35000 06/15/2020 US 93,710.44 $91,777.98
36251MAE1 GMALT 2016-3 A4 1.78000 05/20/2020 US 221,945.78 $220,723.26
363576109 ARTHUR J GALLAGHER & CO US AJG 537.6 $38,782.61
371559105 GENESEE & WYOMING INC -CL A US GWR 2,900.09 $254,889.04
374297109 GETTY REALTY CORP US GTY 729.96 $21,248.99
375558103 GILEAD SCIENCES INC US GILD 1,594.06 $120,718.46
37953TAB1 GLOBAL SHIP LEASE INC 9.87500 11/15/2022 MH 44,389.16 $44,722.07
38378HVC7 GNR 2012-113 PY 2.50000 09/20/2042 US 246,606.42 $222,489.79
38379RRX3 GNR 2017-54 AH MTGE 2.60000 12/16/2056 US 319,615.48 $303,120.39
388689101 GRAPHIC PACKAGING HOLDING CO US GPK 9,351.32 $132,975.71
39807UAB2 GREYSTAR REAL ESTATE PAR 5.75000 12/01/2025 US 39,457.03 $38,569.24
404121AH8 HCA INC 5.37500 09/01/2026 US 24,660.64 $24,783.95
40414L109 HCP INC US HCP 1,395.79 $37,728.27
421946104 HEALTHCARE REALTY TRUST INC US HR 882.85 $27,333.07
42225P501 HEALTHCARE TRUST OF AMERICA US HTA 917.38 $26,209.43
42809H107 HESS CORP US HES 1,316.88 $88,678.58
437076102 HOME DEPOT INC US HD 1,088.03 $218,443.29
438128308 HONDA MOTOR CO LTD -SPONS ADR JP HMC 2,536.1 $75,144.66
438516106 HONEYWELL INTERNATIONAL INC US HON 848.33 $134,934.75
44107P104 HOST MARRIOTT CORP US HST 2,377.29 $51,182.97
444454AD4 HUGHES SATELLITE SYSTEMS 5.25000 08/01/2026 US 60,171.97 $57,539.44
446150104 HUNTINGTON BANCSHARES US HBAN 2,313.17 $37,496.46
45031UCD1 ISTAR INC 5.25000 09/15/2022 US 33,538.47 $33,203.09
45337C102 INCYTE CORP US INCY 14,229.19 $1,051,679.47
45378A106 INDEPENDENCE REALTY TRUST IN US IRT 1,627.6 $16,813.13
45763PAE6 INMARSAT FINANCE PLC 4.87500 05/15/2022 GB 98,642.57 $98,889.17
458140100 INTEL CORP US INTC 8,552.31 $414,188.41
459200101 INTERNATIONAL BUSINESS MACH CORP US IBM 1,010.1 $147,959.43
459745GH2 INTL LEASE FINANCE CORP 6.25000 05/15/2019 US 706,280.79 $721,927.52
46187BAA1 IHSFR 2017-SFR2 A 2.91000 12/17/2036 US 78,516.34 $78,562.22
46187BAB9 IHSFR 2017-SFR2 B 3.21000 12/17/2036 US 59,185.54 $59,285.54
46187W107 INVITATION HOMES INC US INVH 2,014.28 $47,073.75
464287598 ISHARES RUSSELL 1000 VALUE US 887.78 $112,837.23
464287739 ISHARES DJ US REAL ESTATE US 902.58 $75,076.56
466032109 J&J SNACK FOODS CORP US JJSF 493.21 $71,762.47
46625H100 JP MORGAN CHASE & CO US JPM 4,104.52 $470,295.59
46625HHL7 JPMORGAN CHASE & CO 6.30000 04/23/2019 US 1,016,018.45 $1,039,504.38
46640BAC8 JPMMT 2013-2 A2 3.50000 05/25/2043 US 87,185.81 $85,779.24
46641YAA1 JPMMT 2014-2 1A1 3.00000 06/25/2029 US 115,497.61 $114,523.16
46647SAE0 JPMMT 2017-3 1A3 3.50000 08/25/2047 US 328,906.59 $322,161.37
46647SAJ9 JPMMT 2017-3 1A5 3.50000 08/25/2047 US 422,150.76 $417,764.19
46648HAE3 JPMMT 2017-2 A5 3.50000 05/25/2047 US 329,239.3 $325,818.18
46648HAF0 JPMMT 2017-2 A6 3.00000 05/25/2047 US 353,627.39 $347,820.83
46649HAC6 JPMMT 2017-6 A3 3.50000 12/25/2048 US 230,141.25 $225,421.51
46649HAE2 JPMMT 2017-6 A5 3.50000 12/25/2048 US 271,229.95 $268,411.61
476405105 JERNIGAN CAPITAL INC US JCAP 2,707.74 $54,181.85
478160104 JOHNSON & JOHNSON US JNJ 6,436.43 $866,922.43
47987LAA9 JONAH NRG LLC/FINANCE 7.25000 10/15/2025 US 54,253.41 $42,317.66
485170302 KANSAS CITY SOUTHERN US KSU 927.24 $107,522.77
493267108 KEYCORP US KEY 3,348.92 $70,561.64
494550AW6 KINDER MORGAN ENER PART 6.95000 01/15/2038 US 877,918.86 $1,035,840.04
497864AA6 KISSNER GR HLDG 8.37500 12/01/2022 CA 31,565.62 $32,118.02
500472303 KONINKLIJKE PHILIPS NVR - NY ADR NL PHG 1,549.67 $69,161.98
500630CK2 KOREA DEVELOPMENT BANK 1.37500 09/12/2019 KR 591,855.41 $582,560.93
500754106 KRAFT HEINZ CO/THE US KHC 1,268.54 $73,918.03
50187T106 LGI HOMES INC US LGIH 93.71 $5,397.72
50187TAE6 LGI HOMES INC 6.87500 07/15/2026 US 49,321.28 $49,013.03
50212YAB0 LPL HOLDINGS INC 5.75000 09/15/2025 US 44,389.16 $43,390.40
502160AM6 LSB INDUSTRIES 9.62500 05/01/2023 US 44,389.16 $46,331.18
505742AD8 LADDER CAP FIN LLLP/CORP 5.87500 08/01/2021 US 29,592.77 $29,999.67
512816109 LAMAR ADVERTISING CO US LAMR 626.38 $48,262.60
526057104 LENNAR CORP US LEN 108.51 $5,606.55
531172104 LIBERTY PROPERTY TRUST US LPT 1,001.22 $43,803.47
53223X107 LIFE STORAGE INC US LSI 133.17 $12,997.14
532457108 ELI LILLY & CO US LLY 1,843.63 $194,779.47
534187109 LINCOLN NATL CORP IND US LNC 448.82 $29,433.86
539830109 LOCKHEED MARTIN CORP US LMT 337.36 $108,092.74
550021109 LULULEMON - ADR CA LULU 4,626.34 $716,758.31
554382101 THE MACERICH CO US MAC 266.33 $15,644.51
55616XAC1 MACYS RETAIL HLDGS INC 7.00000 02/15/2028 US 345,248.99 $381,175.82
55933JAB0 MAGNACHIP SEMICONDUCTOR 6.62500 07/15/2021 US 38,470.6 $37,989.72
56585A102 MARATHON PETROLEUM CORP US MPC 772.37 $63,558.44
5671735 SANOFI-AVENTIS FR SAN FP 1,030.81 $88,519.75
57636Q104 MASTERCARD INC-CLASS A US MA 3,225.61 $695,312.92
580135101 MCDONALDS CORP US MCD 876.93 $142,264.75
58933Y105 MERCK & CO INC US MRK 8,603.6 $590,121.25
59001ABA9 MERITAGE HOMES CORP 5.12500 06/06/2027 US 29,592.77 $27,447.29
594918104 MICROSOFT CORP US MSFT 7,003.62 $786,716.90
59522J103 MID-AMERICA APARTMENT COMM US MAA 517.87 $53,630.98
60871R209 MOLSON COORS BREWING CO -B US TAP 498.15 $33,246.20
609207105 MONDELEZ INTERNATIONAL INC US MDLZ 11,448.46 $489,078.06
61744YAG3 MORGAN STANLEY FLT 3.56325 05/08/2024 US 1,035,746.97 $1,056,449.48
62426EAA3 MOUNTAIN PROVINCE DIAMON 8.00000 12/15/2022 CA 64,117.67 $65,400.02
624758108 MUELLER WATER PRODUCTS INC - A US MWA 7,861.81 $90,961.17
637417106 NATIONAL RETAIL PROPERTIES US NNN 419.23 $19,322.35
63938CAE8 NAVIENT CORP 7.25000 09/25/2023 US 29,592.77 $31,220.37
64829DAG1 NRZT 2014-3A AFX3 3.75000 11/25/2054 US 101,473.04 $101,893.06
64829EAA2 NRZT 2015-2A A1 3.75000 08/25/2055 US 111,387.31 $111,683.74
64829LAA6 NRZT 2016-4A A1 3.75000 11/25/2056 US 145,255.13 $145,250.32
651229106 NEWELL BRANDS INC US NWL 3,161.49 $68,667.66
66987V109 NOVARTIS AG- REG CH NVS 7,383.4 $612,895.72
67103H107 O'REILLY AUTOMOTIVE INC US ORLY 281.13 $94,297.07
680223104 OLD REPUBLIC INTL CORP US ORI 1,632.53 $36,209.62
683235AA3 ONTARIO (PROVINCE OF) 2.00000 09/27/2018 CA 208,135.82 $208,100.44
68323ADY7 ONTARIO (PROVINCE OF) 1.25000 06/17/2019 CA 203,203.69 $201,033.52
69007J106 OUTFRONT MEDIA INC US OUT 1,834.75 $36,456.52
69145LAA2 OXFORD FIN LLC/CO-ISS II 6.37500 12/15/2022 US 44,389.16 $45,387.91
693475105 PNC FINANCIAL SERVICES GROUP US PNC 251.54 $36,105.84
70014LAC4 PARK AEROSPACE HOLDINGS 4.50000 03/15/2023 KY 43,402.73 $42,914.45
70338P100 PATTERN ENERGY GROUP INC -A US PEGI 1,671.99 $34,075.19
713448108 PEPSICO INC US PEP 2,140.54 $239,762.30
71654QCJ9 PETROLEOS MEXICANOS 6.35000 02/12/2048 MX 621,448.18 $551,535.26
717081103 PFIZER INC US PFE 5,416.46 $224,891.56
71943U104 PHYSICIANS REALTY TRUST US DOC 3,062.85 $53,569.28
729640102 PLYMOUTH INDUSTRIAL REIT INC US 1,711.45 $27,605.67
733174AJ5 POPULAR INC 7.00000 07/01/2019 US 34,524.9 $35,258.55
741503AZ9 PRICELINE GROUP INC/THE 3.60000 06/01/2026 US 1,085,068.25 $1,061,193.82
74251V102 PRINCIPAL FINANCIAL GROUP US PFG 493.21 $27,220.42
74333KAA6 PROG 2017-SFR2 A 2.89700 12/17/2034 US 147,963.85 $143,886.61
74340W103 PROLOGIS US PLD 1,543.76 $103,709.54
744320AL6 PRUDENTIAL FINANCIAL INC 5.87500 09/15/2042 US 660,905.21 $703,864.05
74460D109 PUBLIC STORAGE INC US PSA 271.27 $57,665.95
74736K101 QORVO INC US QRVO 8,207.06 $657,303.57
758849103 REGENCY CENTERS CORP US REG 404.43 $26,704.81
75886F107 REGENERON PHARMACEUTICALS INC US REGN 823.67 $335,025.92
7591EP100 REGIONS FINANCIAL CORP. US RF 2,145.48 $41,750.96
767204100 RIO TINTO PLC - SPON ADR GB RIO 1,610.83 $77,368.32
77340RAK3 ROCKIES EXPRESS PIPELINE 5.62500 04/15/2020 US 24,660.64 $25,431.29
780259107 ROYAL DUTCH SHELL PLC-ADR B NL RDS/B 1,085.07 $73,111.90
78410G104 SBA COMMUNICATIONS CORP US SBAC 1,469.77 $228,153.06
78442PGC4 SLM CORP 5.12500 04/05/2022 US 39,457.03 $39,062.46
78470NAB2 SOFI 2015-D A2 2.72000 10/27/2036 US 105,041.5 $103,638.42
78470RAC1 SOFI 2016-E A2B 2.49000 01/25/2036 US 276,199.19 $272,426.53
78490DAA2 SOFI 2018-C A1FX 3.08000 01/25/2048 US 434,027.3 $434,741.84
785592AV8 SABINE PASS LIQUEFACTION 5.87500 06/30/2026 US 966,697.17 $1,045,940.10
80105N105 SANOFI-AVENTIS-ADR FR SNY 3,004.65 $128,749.37
80282KAS5 SANTANDER HOLDINGS USA 3.40000 01/18/2023 US 720,090.75 $700,050.15
806857108 SCHLUMBERGER LTD NL SLB 6,431.5 $406,213.25
808513105 CHARLES SCHWAB CORP/THE US SCHW 10,648.47 $540,835.55
81211K100 SEALED AIR CORP US SEE 8,961.68 $359,452.88
812578102 SEATTLE GENETICS INC US SGEN 4,424.12 $339,595.39
81663AAD7 SEMGROUP CORP 6.37500 03/15/2025 US 54,253.41 $53,032.71
81745EAA7 SEMT 2013-8 A1 3.00000 06/25/2043 US 120,737.41 $116,764.06
81762P102 SERVICENOW INC US NOW 1,218.24 $239,212.77
81783QAC9 SEVEN GENERATIONS ENERGY 5.37500 09/30/2025 CA 23,674.22 $22,963.99
822538AE4 SHELF DRILL HOLD LTD 8.25000 02/15/2025 KY 29,592.77 $30,332.59
828806109 SIMON PROPERTY GROUP INC US SPG 764.48 $139,922.76
83088M102 SKYWORKS SOLUTIONS INC US SWKS 3,442.63 $314,311.72
831641FC4 SBIC 2015-10A 1 2.51700 03/10/2025 US 115,976.52 $113,310.09
831641FE0 SBIC 2015-10B 1 2.82900 09/10/2025 US 497,981.58 $491,337.21
83401BAA4 SOFI 2017-F A1FX 2.05000 01/25/2041 US 72,145.81 $71,518.80
83401BAB2 SOFI 2017-F A2FX 2.84000 01/25/2041 US 73,981.93 $72,247.69
83402JAC2 SOFI 2016-B A2B 2.74000 10/25/2032 US 92,354.6 $92,030.35
83404FAB0 SOFI 2017-A A2A 1.55000 03/26/2040 US 52,149.81 $51,747.00
83404YAA1 SCLP 2016-5 A 3.06000 09/25/2028 US 199,218.65 $198,357.14
83405LAA8 SCLP 2017-5 A1 2.14000 09/25/2026 US 125,338.73 $124,741.37
83406EAB1 SOFI 2018-A A2A 2.39000 02/25/2042 US 139,978.48 $138,896.02
835495102 SONOCO PRODUCTS CO US SON 2,411.81 $135,157.88
84265VAD7 SOUTHERN COPPER CORP 5.37500 04/16/2020 US 29,592.77 $30,618.72
844741108 SOUTHWEST AIRLS CO US LUV 912.44 $55,932.80
845467AL3 SOUTHWESTERN ENERGY CO 6.20000 01/23/2025 US 26,633.49 $26,666.79
852061AK6 SPRINT COMMUNICATIONS 9.00000 11/15/2018 US 10,850.68 $10,972.75
85254J102 STAG INDUSTRIAL INC US STAG 2,165.2 $62,509.45
85571XAA5 SRPT 2014-STAR A FLTG RATE 3.28269 11/15/2027 US 257,424.3 $257,525.34
866674104 SUN COMMUNITIES US SUI 517.87 $53,434.19
867892101 SUNSTONE HOTEL INVESTORS INC US SHO 1,839.68 $30,869.90
867914103 SUNTRUST BANKS INC US STI 532.67 $39,183.20
874039100 TAIWAN SEMICONDUCTOR - SP ADR TW TSM 5,109.69 $222,782.27
87470LAA9 TALLGRASS NRG PRTNR/FIN 5.50000 09/15/2024 US 24,660.64 $25,215.51
87612E106 TARGET CORP US TGT 904.55 $79,148.33
87854WAA1 TECHNIPLAS LLC 10.00000 05/01/2020 US 34,524.9 $31,072.41
88032WAG1 TENCENT HOLDINGS LTD 3.59500 01/19/2028 KY 729,955.01 $693,863.26
882508104 TEXAS INSTRUMENTS INC US TXN 4,139.04 $465,228.34
88579Y101 3M CO US MMM 915.4 $193,076.81
88650V208 TIER REIT INC US TIER 1,361.27 $32,452.62
89173CAA5 TPMT 2016-5 A1 2.50000 10/25/2056 US 238,907.9 $232,978.50
89613BAA5 TAH 2013-SFR1 A 2.58900 11/17/2033 US 217,066.9 $210,576.55
89613FAA6 TAH 2017-SFR2 A 2.92800 01/17/2036 US 197,285.14 $190,495.10
896356AE2 TRINIDAD DRILLING LTD 6.62500 02/15/2025 CA 35,511.32 $35,156.21
901109AF5 TUTOR PERINI CORP 6.87500 05/01/2025 US 35,511.32 $36,132.77
902653104 UDR INC US UDR 1,385.93 $55,395.55
902973304 U.S. BANCORP US USB 2,063.6 $111,661.53
903002103 UMH PROPERTIES INC US UMH 907.51 $14,483.89
904767704 UNILEVER PLC - ADR GB UL 9,836.64 $559,409.54
907818108 UNION PAC CORP US UNP 918.36 $138,323.73
911312106 UNITED PARCEL SERVICE US UPS 1,059.42 $130,181.68
912796PY9 TREASURY BILL 0.00000 09/06/2018 US 3,723,756.95 $3,723,364.92
912810FM5 UNITED STATES TREAS BOND 6.25000 05/15/2030 US 896,660.95 $1,195,676.35
912810PT9 UNITED STATES TREAS BOND 4.75000 02/15/2037 US 1,483,584.23 $1,873,256.90
912810QV3 UNITED STATES TREAS INFL INDEX 0.75000 02/15/2042 US 583,467.61 $565,446.97
912810RK6 US TREASURY N/B 2.50000 02/15/2045 US 1,008,127.05 $914,481.51
912828D23 US TREASURY N/B 1.62500 04/30/2019 US 7,497,821.62 $7,462,382.72
912828K33 UNITED STATES TREAS INFL INDEX 0.12500 04/15/2020 US 2,843,925.19 $2,807,413.33
912828K58 UNITED STATES TREAS NTS 1.37500 04/30/2020 US 3,834,236.63 $3,758,150.99
912828R28 US TREASURY N/B 1.62500 04/30/2023 US 2,628,824.45 $2,501,593.45
912828R36 US TREASURY N/B 1.62500 05/15/2026 US 1,331,674.67 $1,221,915.54
912828S76 US TREASURY N/B 1.12500 07/31/2021 US 7,509,658.73 $7,181,404.48
912828UH1 UNITED STATES TREAS INFL INDEX 0.12500 01/15/2023 US 572,577.58 $557,762.66
912828WZ9 UNITED STATES TREAS NTS 1.75000 04/30/2022 US 2,564,706.78 $2,478,248.10
912828XQ8 US TREASURY N/B 2.00000 07/31/2022 US 1,282,353.39 $1,247,840.05
913017109 UNITED TECHNOLOGIES CORP US UTX 959.79 $126,404.63
91704F104 URBAN EDGE PROPERTIES US UE 1,879.14 $42,957.16
91913Y100 VALERO ENERGY US VLO 651.04 $76,744.71
92276F100 VENTAS INC US VTR 384.71 $23,032.35
92339V100 VEREIT INC US VER 2,515.39 $19,670.31
92343V104 VERIZON COMMUNICATIONS US VZ 1,869.28 $101,632.57
92343VDV3 VERIZON COMMUNICATIONS 5.50000 03/16/2047 US 986,425.68 $1,066,112.94
92532F100 VERTEX PHARMACEUTICALS INC US VRTX 1,016.02 $187,353.80
92826C839 VISA INC - CLASS A SHARES US V 3,432.76 $504,238.32
929042109 VORNADO REALTY TRUST US VNO 606.65 $46,712.19
92935JBC8 WF-RBS COMMERCIAL MORTGAGE T FLT 4.86900 02/15/2044 US 343,956.04 $355,331.01
92960PAA7 W/S PACKAGING HOLDINGS 9.00000 04/15/2023 US 44,389.16 $45,387.91
931142103 WAL MART STORES US WMT 2,561.75 $245,569.12
931427108 WALGREENS BOOTS ALLIANCE INC US WBA 1,064.35 $72,972.06
94106L109 WASTE MANAGEMENT INC US WM 1,173.85 $106,702.65
948565AC0 WEEKLEY HOMES LLC/ FINAN 6.00000 02/01/2023 US 23,674.22 $22,963.99
94856UAA9 WEEKLEY HOMES LLC/ FINAN 6.62500 08/15/2025 US 34,524.9 $32,626.03
949746101 WELLS FARGO COMPANY US WFC 6,433.47 $376,229.23
95040Q104 WELLTOWER INC. US WELL 453.76 $30,270.05
962166104 WEYERHAEUSER CO US WY 2,194.8 $76,181.41
962178AL3 TRI POINTE HOLDINGS INC 4.37500 06/15/2019 US 24,660.64 $24,783.95
962178AN9 TRI POINTE GROUP / HOMES 5.87500 06/15/2024 US 39,457.03 $39,307.09
97651JAE6 WINWATER MORTGAGE LOAN TRUST 3.50000 03/20/2045 US 106,394.02 $106,427.99
97652TAA1 WIN 2015-1 A1 3.50000 01/20/2045 US 122,431.32 $120,327.86
98161FAD7 WOLS 2016-A A3 1.45000 08/15/2019 US 74,637.36 $74,452.39
98919V105 ZAYO GROUP HOLDINGS INC US ZAYO 8,710.14 $301,893.41
B15C557 TOTAL SA FR FP FP 853.26 $53,506.11
B296BQ5 STORAGEVAULT CANADA INC CA SVI CN 3,363.71 $6,804.75
B29TNV3 INNERGEX RENEWABLE ENERGY CA INE CN 2,954.34 $30,313.17
B3FP8W8 CANADA HOUSING TRUST 4.10000 12/15/2018 CA 26,633.49 $20,546.57
B3ZD2V9 MEX BONOS DESARR FIX RT 6.50000 06/10/2021 MX 271,267.06 $13,704.03
B4888C1 CANADIAN GOVERNMENT FLT 2.75000 06/01/2022 CA 32,552.05 $25,502.09
B4NDCC9 MEX BONOS DESARR FIX RT 6.50000 06/09/2022 MX 497,158.54 $24,855.78
B4YN9R2 SINGAPORE GOVERNMENT 2.50000 06/01/2019 SG 59,185.54 $43,366.86
B615Y14 MEX BONOS DESARR FIX RT 8.00000 06/11/2020 MX 723,050.03 $37,898.23
B68XHC3 NORTHLAND POWER INC CA NPI CN 1,736.11 $29,041.59
B6TC406 MEX BONOS DESARR FIX RT 7.75000 05/29/2031 MX 90,751.16 $4,665.75
BBG00GTNS047 MDT US 09/21/18 P85 IE -21.7 -$21.70
BBG00JT2BST7 EQIX US 09/21/18 P410 US -3.95 -$434.03
BBG00LHTMJJ5 NOW US 09/21/18 C200 US -6.91 -$2,071.49
BBG00LP5FKR4 SCHW US 09/28/18 C51.5 US -26.63 -$2,397.01
BBG00LSPK0K2 LULU 08/31/18 C149 CA -8.88 -$5,060.36
BD82246 EAGLE BULK SHIPCO 8.25000 11/28/2022 MH 197,285.14 $201,724.05
BF955D8 TELENET FINANCE LUX NOTE 5.50000 03/01/2028 LU 197,285.14 $184,461.60
BFYM460 UNIBAIL-RODAMCO-WESTFIELD FR URW NA 133.17 $27,966.22
BGHQ198 HIBERNIA REIT PLC IE HBRN ID 11,797.65 $20,541.23
BMMV2K8 TENCENT HOLDINGS LTD CN 700 HK 10,525.16 $452,446.95
BP9DL90 INDUSTRIA DE DISENO TEXTIL ES ITX SM 8,932.08 $269,915.75
BYYHL23 ANHEUSER-BUSCH INBEV SA/NV BE ABI BB 7,151.59 $666,836.78
G3157S106 ENSCO INTERNATIONAL INC US ESV 21,775.35 $148,943.37
G37585AC3 GASLOG LTD 8.87500 03/22/2022 BM 59,185.54 $61,552.96
G51502105 JOHNSON CONTROLS INTERNATIONAL US JCI 1,686.79 $63,709.98
G5960L103 MEDTRONIC INC IE MDT 7,821.37 $754,058.21
G96629103 WILLIS TOWERS WATSON PLC GB WLTW 221.95 $32,685.95
H1467J104 CHUBB LTD CH CB 345.25 $46,691.47
H8817H100 TRANSOCEAN LTD US RIG 21,247.61 $257,308.55
N47279109 INTERXION HOLDING NV NL INXN 4,379.73 $288,755.60
N53745100 LYONDELLBASELL INDU-CL A US LYB 626.38 $70,643.17
USD US DOLLAR US 1,006,811.3 $1,006,811.30

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

$9.95

Daily $ Change

-$0.02

Daily % Change

-0.20%

as of 09/17/2018

Ticker

MTDKX

CUSIP

56382P807

Inception Date

03/28/2008

Investment Minimum

$2,000.00

Investment minimum may be waived for certain qualified retirement plans and participants in an automatic investment program.

Important Documents

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

Information on Underlying Investments

Blended Asset Series Prospectus
Blended Asset Series SAI
XBRL Blended Asset Series – 11/02/2017
Blended Asset Series Annual Report
Blended Asset Series Semi-Annual Report

The financial statements of the underlying investments should be read in conjunction with the Series’ financial statements. Beginning 10/16/2017, the underlying funds are the Manning & Napier Fund, Inc. Blended Asset Series. The Blended Asset Series are not currently available for direct investment.

Investment Objective

To provide capital preservation and manage risk for investors who have already reached their target date or who desire minimal capital risk as they move towards a future target date.

Investment Strategy

The portfolio is invested in a conservative mix of securities that seeks preservation of capital, with income and long-term capital growth as secondary objectives. The portfolio is diversified primarily among fixed income securities, typically focusing on short to intermediate-term maturities. A position in various stock investments, which may be focused on dividend paying stocks, adds potential for growth opportunities and income generation. For the most part, this approach favors stability over growth. Stock exposure can range from 15% - 45%.

May be Appropriate for Investors

  • Who have reached their target date or are already in retirement and seek to minimize declines in account value with potential for modest capital growth and income generation
  • Who have a future target date and want to assume a minimal amount of capital risk through limited stock exposure
  • Who prefer to take advantage of professional management through a single, diversified investment portfolio

About Target Date Funds

A target date fund is a single investment portfolio designed to meet an investor’s changing needs over time. The fund gradually shifts from a more aggressive to a more conservative investment objective over the years to reflect an appropriate risk/return trade-off for the investor’s changing time horizon.

Target Series Glide Path Overview

Learn more about our Glide Range SM

Performance

As of 08/31/2018

YTD

1.26%

1 Year

2.75%

3 Year

4.40%

5 Year

3.89%

10 Year

4.75%

Inception
(03/28/2008)

4.59%

Market Cycle

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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 1.05%
Net 0.92%*

*Includes acquired fund fees and expenses of the underlying Series, and a 12b-1 fee of 0.25%. Up to 0.25% of the 12b-1 fee is available as a shareholder servicing fee. Reflects the Advisor’s contractual agreement to limit its fees and reimburse certain expenses. The contractual waiver may not be amended or terminated prior to the expiration date (02/29/2028) without the approval of the Fund's Board of Directors.

Top Ten Investments

As of 08/31/2018

TREASURY NOTES 20.56%
GOVERNMENT AGENCY 10.16%
TREASURY BONDS 3.17%
TREASURY BILLS 2.96%
UNITED STATES TREAS INFL INDEX 0.12500 04/15/2020 2.23%
FRESENIUS MED CARE II 5.62500 07/31/2019 1.14%
GAHR 2015-NRF DFX FLT 3.49490 12/15/2034 1.01%
VERIZON COMMUNICATIONS 5.50000 03/16/2047 0.85%
PRICELINE GROUP INC/THE 3.60000 06/01/2026 0.84%
MORGAN STANLEY FLT 3.56325 05/08/2024 0.84%

Top Ten Investments list is unaudited and excludes cash.

Asset Allocation

As of 08/31/2018

Bonds
71.23%
Stocks
27.98%
Cash
0.79%

Detailed Asset Class Allocation

As of 08/31/2018

International Equities
6.20%
Small Capitalization
0.92%
Mid Capitalization
1.91%
Large Capitalization
18.96%
Long Term Fixed Income
17.57%
Intermediate Term Fixed Income
28.28%
Short Term Fixed Income
25.37%
Cash
0.79%

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 08/31/2018

CUSIP Security Description Country Ticker Shares/Par Market Value (USD)
000375204 ABB LTD-SPON ADR CH ABB 3,130.92 $73,607.81
00206RDQ2 AT&T INC 4.25000 03/01/2027 US 700,362.24 $691,530.12
00254EML3 SWEDISH EXPORT CREDIT 1.12500 08/28/2019 SE 497,158.54 $490,069.09
00287Y109 ABBVIE INC US ABBV 1,671.01 $160,383.07
004239109 ACADIA REALTY TRUST US AKR 527.74 $15,051.08
00774MAG0 AERCAP IRELAND CAP / GLOBA 4.45000 10/01/2025 IE 779,276.29 $779,955.27
008492100 AGREE REALTY CORP US ADC 236.74 $13,510.88
00928QAK7 AIRCASTLE LTD 6.25000 12/01/2019 BM 14,796.39 $15,277.27
015271109 ALEXANDRIA REAL EST EQUITIES US ARE 98.64 $12,660.77
01609W102 ALIBABA GROUP - ADR CN BABA 1,864.34 $326,278.94
01609WAT9 ALIBABA GROUP HOLDING 3.40000 12/06/2027 KY 1,114,661.02 $1,048,154.51
01748XAA0 ALLEGIANT TRAVEL CO 5.50000 07/15/2019 US 25,647.07 $25,903.54
020002101 ALLSTATE CORPORATION US ALL 340.32 $34,225.67
02005NAT7 ALLY FINANCIAL INC 3.50000 01/27/2019 US 29,592.77 $29,622.36
02079K107 ALPHABET INC-CL C US GOOG 207.15 $252,347.32
02079K305 ALPHABET INC-CL A US GOOGL 207.15 $255,166.62
023135106 AMAZON.COM INC US AMZN 69.05 $138,977.22
02319V103 AMBEV SA-ADR BR ABEV 100,053.16 $465,247.18
0237400 DIAGEO PLC GB DGE LN 13,962.86 $488,342.31
024835100 AMERICAN CAMPUS COMMUNITIES US ACC 616.52 $25,850.52
02665T306 AMERICAN HOMES 4 RENT- A US AMH 2,313.17 $53,665.50
02666TAA5 AMERICAN HOMES 4 RENT 4.25000 02/15/2028 US 720,090.75 $697,980.90
026874784 AMERICAN INTL GROUP INC US AIG 512.94 $27,273.09
02753GAA7 AMERICAN MIDSTREAM PTR/F 9.25000 12/15/2021 US 24,660.64 $24,352.38
03027X100 AMERICAN TOWER REIT INC US AMT 1,533.89 $228,733.97
03064D108 AMERICOLD REALTY TRUST US COLD 438.96 $10,930.09
031162100 AMGEN INC US AMGN 767.44 $153,342.02
03748R101 APARTMENT INVT & MGMT CO -A US AIV 848.33 $37,156.68
037612306 APOLLO GLOBAL MANAGMENT - A US APO 1,469.77 $50,751.31
037833100 APPLE COMPUTER INC US AAPL 522.81 $119,006.24
03784Y200 APPLE HOSPITALITY REIT INC US APLE 1,163.98 $20,544.29
04014Y101 ARES MANAGEMENT LP US ARES 1,450.05 $30,885.97
053015103 AUTOMATIC DATA PROCESSING US ADP 658.93 $96,698.32
053484101 AVALONBAY COMMUNITIES INC US AVB 547.47 $100,345.09
055622104 BP PLC-SPONS ADR GB BP 3,284.8 $140,852.12
05604LAA0 BWAY 2015-1740 A 2.91700 01/10/2035 US 559,303.36 $538,071.48
058498106 BALL CORP US BLL 10,237.13 $428,730.83
060505104 BANK OF AMERICA CORP US BAC 6,658.37 $205,943.49
06051GFM6 BANK OF AMERICA CORP 4.00000 01/22/2025 US 1,065,339.74 $1,053,842.72
06652K103 BANKUNITED INC US BKU 892.72 $34,628.42
088606108 BHP LIMITED-SPONS ADR AU BHP 2,166.19 $104,063.81
09061G101 BIOMARIN PHARMACEUTICAL INC US BMRN 3,718.82 $371,808.11
09062X103 BIOGEN IDEC INC US BIIB 508.01 $179,576.18
09247X101 BLACKROCK INC US BLK 966.7 $463,105.95
09253U108 BLACKSTONE GROUP LP/THE US BX 1,479.64 $54,613.46
09627J102 BLUEROCK RESIDENTIAL GROWTH US 1,045.61 $10,341.10
096630AE8 BOARDWALK PIPELINES LP 5.95000 06/01/2026 US 976,561.43 $1,045,988.80
097023105 BOEING CO US BA 555.36 $190,371.05
09857L108 BOOKING HOLDINGS INC US BKNG 434.03 $847,025.98
0989529 ASTRAZENECA PLC GB AZN LN 996.29 $75,193.52
101121101 BOSTON PROPERTIES INC US BXP 611.58 $79,781.12
105368203 BRANDYWINE REALTY TRUST US BDN 3,052.99 $51,168.07
110122108 BRISTOL MYERS SQUIBB CO US BMY 7,230.5 $437,806.79
11135F101 BROADCOM INC US AVGO 387.67 $84,910.33
12467AAD0 C&S GROUP ENTERPRISES 5.37500 07/15/2022 US 24,660.64 $24,352.38
1248EPBR3 CCO HLDGS LLC/CAP CORP 5.50000 05/01/2026 US 24,660.64 $24,352.38
125269100 CF INDUSTRIES HOLDINGS INC US CF 8,103.49 $420,976.15
125896100 CMS ENERGY CORP US CMS 1,307.01 $64,357.37
12592BAB0 CNH INDUSTRIAL CAPITAL L 3.37500 07/15/2019 US 700,362.24 $704,452.87
12629NAF2 COMM 2015-DC1 A5 FLT 3.35000 02/10/2048 US 537,602 $531,884.06
126307AH0 CSC HOLDINGS LLC 5.25000 06/01/2024 US 47,348.43 $45,927.98
12646XAH5 CSMC 2013-IVR3 A1 2.50000 05/25/2043 US 155,296.27 $144,954.38
126650100 CVS HEALTH CORP US CVS 1,320.82 $99,378.80
12770QAA3 CZR 2017-VICI A 3.53100 10/15/2034 US 256,470.68 $258,133.38
14041NFF3 CAPITAL ONE MULTI-ASSET 1.33000 06/15/2022 US 197,285.14 $194,786.54
14314WAD3 CARMX 2017-3 A3 1.97000 04/15/2022 US 224,905.06 $221,933.61
149123101 CATERPILLAR INC US CAT 561.28 $77,933.20
14912Y202 CATCHMARK TIMBER TRUST INC US CTT 6,017.2 $75,455.65
14980AAA0 CAZENOVIA CREEK FUNDING LLC 3.56070 07/15/2030 US 374,841.76 $374,579.37
156504AH5 CENTURY COMMUNITIES 5.87500 07/15/2025 US 56,226.26 $52,712.12
16411QAB7 CHENIERE ENERGY PARTNERS 5.25000 10/01/2025 US 44,389.16 $44,389.16
165183AF1 CFII 2016-2A A1 1.88000 06/15/2028 US 198,419.23 $197,555.46
165183AL8 CFII 2017-2A A1 1.99000 05/15/2029 US 117,570.83 $116,458.79
165183BB9 CFII 2017-4A A1 2.12000 11/15/2029 US 304,676.22 $301,416.70
165240102 CHESAPEAKE LODGING TRUST US CHSP 601.72 $19,802.59
166764100 CHEVRON CORP US CVX 863.12 $102,245.49
16941R108 CHINA PETROLEUM & CHEM-ADR CN SNP 1,376.06 $136,656.90
17275R102 CISCO SYSTEMS INC US CSCO 4,470.48 $213,554.89
172967424 CITIGROUP INC US C 2,436.47 $173,574.23
172967EW7 CITIGROUP INC 8.12500 07/15/2039 US 710,226.49 $1,022,130.05
194162103 COLGATE-PALMOLIVE CO US CL 1,283.34 $85,226.60
19625JAA1 CAH 2015-1A A 3.27113 07/17/2032 US 222,895.89 $223,069.02
19626G108 COLONY CAPITAL INC US CLNY 8,473.4 $51,941.92
199908104 COMFORT SYSTEMS US FIX 868.05 $49,826.33
20030N101 COMCAST CORP-CL A US CMCSA 3,634.98 $134,457.86
20369C106 COMMUNITY HEALTHCARE TRUST I US CHCT 2,747.2 $85,245.48
2099084 BORALEX INC -A CA BLX CN 1,790.36 $26,354.69
21871N101 CORECIVIC INC US CXW 3,215.75 $83,255.71
21987BAK4 CODELCO INC 5.62500 09/21/2035 CL 468,552.2 $520,029.57
222795106 COUSINS PROPERTIES INC US CUZ 5,316.83 $49,712.40
22282E102 COVANTA HOLDING CORP US CVA 4,922.26 $86,877.96
22530LAA4 CAALT 2017-1A A 2.56000 10/15/2025 US 251,538.55 $250,324.65
22663AAA7 ORTHO-CLINICAL DIAGNOSTI 6.62500 05/15/2022 US 24,660.64 $24,198.26
22822V101 CROWN CASTLE INTL CORP US CCI 1,129.46 $128,792.03
22944PAA5 CSMC 2013-TH1 A1 2.13000 02/25/2043 US 100,645.74 $93,457.62
229663109 CUBESMART US CUBE 636.24 $19,437.27
23331A109 DR HORTON INC US DHI 138.1 $6,146.81
23918K108 DAVITA INC. US DVA 5,356.29 $371,137.44
23918KAR9 DAVITA INC 5.00000 05/01/2025 US 34,524.9 $32,712.34
247361702 DELTA AIR LINES INC. US DAL 986.43 $57,686.17
25271C102 DIAMOND OFFSHORE DRILLING US DO 9,065.25 $157,916.69
253393102 DICK'S SPORTING GOODS INC US DKS 1,514.16 $56,690.28
253868103 DIGITAL REALTY TRUST INC US DLR 937.1 $116,463.33
25470DAT6 DISCOVERY COMMUNICATIONS 5.20000 09/20/2047 US 720,090.75 $698,583.10
256677105 DOLLAR GENERAL CORP US DG 1,242.9 $133,897.22
26078J100 DOWDUPONT INC US DWDP 1,864.34 $130,746.48
26780TAA5 DYNAGAS LNG PARTNERS/FIN 6.25000 10/30/2019 MH 35,511.32 $35,511.32
269246401 ETRADE FINANCIAL CORP US ETFC 3,925.97 $231,082.84
2715777 QUEBECOR INC -CL B CA QBR/B CN 5,770.59 $116,207.75
277276101 EASTGROUP PROPERTIES US EGP 103.57 $10,074.71
2801836 SHAW COMMUNICATIONS INC-B CA SJR/B CN 5,267.51 $106,238.27
285512109 ELECTRONIC ARTS US EA 2,377.29 $269,607.99
2866857 LUNDIN MINING CORP CA LUN CN 20,478.2 $97,604.90
291011104 EMERSON ELEC CO US EMR 988.4 $75,839.82
294429105 EQUIFAX INC US EFX 2,268.78 $303,948.33
29444U700 EQUINIX INC US EQIX 1,183.71 $516,251.80
29472R108 EQUITY LIFESTYLE PROPERTIES US ELS 276.2 $26,758.18
29476L107 EQUITY RESIDENTIAL US EQR 1,065.34 $72,176.77
297178105 ESSEX PROPERTY TRUST INC US ESS 118.37 $29,152.43
30161N101 EXELON CORP US EXC 917.38 $40,098.50
302154BV0 EXPORT-IMPORT BANK KOREA 2.62500 12/30/2020 KR 986,425.68 $969,100.10
30225T102 EXTRA SPACE STORAGE INC US EXR 281.13 $25,923.12
30231G102 EXXON MOBIL CORP US XOM 3,274.93 $262,551.40
302491303 FMC CORP US FMC 1,188.64 $101,569.54
30261UAJ3 FREMF 2013-K713 B 3.26252 04/25/2046 US 295,927.71 $295,593.28
30262DAL5 FREMF 2011-K13 B 4.76791 01/25/2048 US 317,139.8 $326,512.94
30264DAA7 FS ENERGY & POWER FUND 7.50000 08/15/2023 US 44,389.16 $45,430.08
30287EAE0 FREMF 2014-K41 B FLT 3.96243 11/25/2047 US 269,294.21 $267,510.35
30291EAE4 FREMF 2013-K712 B FLT 3.47346 05/25/2045 US 133,167.47 $133,346.52
30291YAJ9 FREMF 2014-K716 B FLT 4.08107 08/25/2047 US 444,877.98 $450,958.22
30292HAU0 FREMF 2014- K503 B 3.08902 10/25/2047 US 295,927.71 $295,435.31
3128M5VT4 FHLM POOL G03926 6.00000 02/01/2038 US 42,898.96 $47,399.88
3128M7C95 FHLM POOL G05196 5.50000 10/01/2038 US 40,697.29 $44,014.25
3128M7KW5 FHLM POOL G05409 5.50000 03/01/2039 US 36,633.44 $39,617.35
3128MJ2U3 FHLM GOLD POOL FG G08786 4.50000 10/01/2047 US 207,460.46 $216,460.84
3128P75X7 FHLM POOL C91762 4.50000 05/01/2034 US 119,432.42 $124,757.74
312941F69 FHLM POOL A92889 4.50000 07/01/2040 US 159,531.08 $167,508.70
312941ZQ3 FHLM POOL Q93451 4.50000 08/01/2040 US 160,440.94 $168,442.71
3132J8YK0 FHLM POOL Q17513 3.50000 04/01/2043 US 236,431.4 $236,969.77
3132M45M3 FHLM POOL Q24752 3.50000 02/01/2044 US 182,942.44 $183,358.85
3132QUNJ8 FHLM POOL Q37592 4.00000 12/01/2045 US 238,574.2 $243,598.51
3132WF3E7 FHLM POOL Q42596 3.50000 08/01/2046 US 277,091.5 $276,029.28
3132WKQ84 FHLM POOL Q45878 3.00000 12/01/2046 US 328,321.64 $318,217.94
3132WPDP9 FHLM GOLD POOL FG Q49109 4.00000 07/01/2047 US 245,524.06 $250,311.27
3132XSLZ1 FHLM GOLD POOL FG Q50343 4.00000 08/01/2047 US 281,391.25 $286,850.29
3132XYDL8 FHLM POOL Q55506 4.50000 04/01/2048 US 713,332.69 $741,510.22
31335AFY9 FHLM POOL G60183 4.00000 12/01/2044 US 132,126.95 $135,039.49
31335ALP1 FHLM POOL G60334 4.50000 10/01/2041 US 133,746.63 $140,418.82
31335AV54 FHLM POOL G60636 4.00000 01/01/2046 US 178,635.7 $182,257.81
3136B1YD0 FNR 2018-31 KP 3.50000 07/25/2047 US 322,197.28 $322,318.42
3137B4WB8 FHMS K033 A2 3.06000 07/25/2023 US 654,986.65 $655,332.68
3137BWVV3 FHMS KJ13 A2 2.86400 08/25/2022 US 337,357.58 $335,321.46
3137F4YU0 FHLM POOL FHR4791 4.00000 03/15/2044 US 407,734.58 $416,577.32
3137FG2L8 FHLM POOL 4801 4.50000 05/15/2044 US 426,742.66 $442,619.92
3138EGE26 FEDERAL NATL MTG ASSN AL0152 6.00000 06/01/2040 US 92,047.75 $101,544.29
3138EHR87 FEDERAL NATL MTG ASSN AL1410 4.50000 12/01/2041 US 145,729.02 $152,352.87
3138EHXZ0 FEDERAL NATL MTG ASSN AL1595 6.00000 01/01/2040 US 67,453.29 $74,155.70
3138EQST0 FEDERAL NATL MTG ASSN AL7729 4.00000 06/01/2043 US 79,009.75 $81,031.42
3138ETT89 FEDERAL NATL MTG ASSN AL8674 FLT 5.65400 01/01/2049 US 160,935.4 $172,714.59
3138WDRZ6 FEDERAL NATL MTG ASSN AS4103 4.50000 12/01/2044 US 131,988.02 $138,185.72
3138WHU26 FEDERAL NATL MTGE ASSN FN AS7800 3.00000 08/01/2046 US 560,962.69 $543,450.26
3138YTGK4 FEDERAL NATL MTG ASSN AZ2001 3.50000 05/01/2045 US 301,685.97 $300,766.19
3140E2GZ8 FEDERAL NATL MTG ASSN AZ9215 4.00000 10/01/2045 US 114,973.9 $117,515.50
3140EWKL8 FEDERAL NATL MTG ASSN BC2098 4.00000 06/01/2046 US 122,129.74 $124,474.16
3140EX2Y8 FEDERAL NATL MTG ASSN BC3490 3.50000 02/01/2046 US 258,194.87 $257,366.73
3140F2QS2 FEDERAL NATL MTG ASSN BC6764 3.50000 04/01/2046 US 200,458.59 $199,753.54
3140FA5G3 FEDERAL NATL MTG ASSN FN BD3546 4.00000 09/01/2047 US 178,831.23 $182,268.73
3140FEX33 FEDERAL NATL MTG ASSN BD6997 4.00000 10/01/2046 US 106,008.12 $108,003.21
3140FEXR0 FEDERAL NATL MTG ASSN BD6987 4.00000 10/01/2046 US 140,737.45 $143,388.11
3140FPGZ6 FEDERAL NATL MTG ASSN BE3815 4.00000 12/01/2046 US 102,791.85 $104,719.73
3140FTWF4 FEDERAL NATL MTG ASSN BE7845 4.50000 02/01/2047 US 138,130.92 $144,463.01
3140H2PH5 FEDERAL NATL MATG ASSN FN BJ1323 3.50000 11/01/2047 US 613,911.78 $611,561.95
3140J8YU1 FEDERAL NATL MTGE ASSN FN BM4322 4.00000 07/01/2048 US 615,573.73 $628,376.35
3140Q7HT7 FEDERAL NATL MTG ASSN FN CA0241 4.00000 08/01/2047 US 533,343.46 $543,608.43
31410GCD3 FEDERAL NATL MTG ASSN 888468 5.50000 09/01/2021 US 19,602.27 $20,006.52
31410GN33 FEDERAL NATL MTG ASSN 888810 5.50000 11/01/2022 US 23,454.5 $23,923.47
31410HAQ4 MACYS RETAIL HLDGS INC 6.90000 04/01/2029 US 345,248.99 $372,119.84
31410LC75 FEDERAL NATL MTG ASSN 890294 5.50000 01/01/2039 US 89,135.6 $96,581.67
31410LD74 FHLM POOL 890326 5.50000 01/01/2040 US 94,338.52 $102,210.44
31416BRR1 FEDERAL NATL MTG ASSN 995196 6.00000 07/01/2038 US 70,235 $77,567.33
31417YJC2 FEDERAL NATL MTG ASSN MA0258 4.50000 12/01/2039 US 111,495.88 $116,818.05
31418BBC9 FEDERAL NATL MTG ASSN MA1834 4.50000 02/01/2034 US 92,112.21 $96,105.22
31418BDH6 FEDERAL NATL MTG ASSN MA1903 4.50000 05/01/2034 US 92,804.61 $96,813.42
31418CAF1 FEDERAL NATL MTG ASSN FN MA2705 3.00000 08/01/2046 US 328,783.38 $318,536.71
31418CQA5 FEDERAL NATL MTGE ASSN FN MA3148 3.50000 10/01/2047 US 722,911.59 $719,285.73
31418CRE6 FEDERAL NATL MTG ASSN FN MA3184 4.50000 11/01/2047 US 498,718.81 $518,005.31
31418CV43 FEDERAL NATL MTG ASSN FN MA3334 4.50000 04/01/2048 US 524,003.19 $544,377.39
31418MKV3 FEDERAL NATL MTG ASSN AD0307 5.50000 01/01/2039 US 46,559 $50,415.93
31419AU62 FEDERAL NATL MTG ASSN AE0604 6.00000 07/01/2039 US 52,665.39 $58,135.51
31428X106 FEDEX CORPORATION US FDX 1,262.62 $308,017.34
316773100 FIFTH THIRD BANCORP US FITB 1,257.69 $37,013.90
32054K103 FIRST INDUSTRIAL REALTY TR US FR 655.97 $21,292.89
336130AB5 FIRST QUALITY FINANCE CO 5.00000 07/01/2025 US 34,524.9 $32,367.09
35802XAA1 FRESENIUS MED CARE US 6.50000 09/15/2018 US 14,796.39 $14,809.45
35802XAD5 FRESENIUS MED CARE II 5.62500 07/31/2019 US 1,405,656.6 $1,435,961.12
36143WAN1 GAHR 2015-NRF BFX FLT 3.49490 12/15/2034 US 300,859.83 $300,857.60
36143WAS0 GAHR 2015-NRF DFX FLT 3.49490 12/15/2034 US 1,272,489.13 $1,266,472.55
36246MAT6 GTP AQUISITION PARTNERS 2.35000 06/15/2020 US 93,710.44 $91,777.98
36251MAE1 GMALT 2016-3 A4 1.78000 05/20/2020 US 221,945.78 $220,723.26
363576109 ARTHUR J GALLAGHER & CO US AJG 537.6 $38,782.61
371559105 GENESEE & WYOMING INC -CL A US GWR 2,900.09 $254,889.04
374297109 GETTY REALTY CORP US GTY 729.96 $21,248.99
375558103 GILEAD SCIENCES INC US GILD 1,594.06 $120,718.46
37953TAB1 GLOBAL SHIP LEASE INC 9.87500 11/15/2022 MH 44,389.16 $44,722.07
38378HVC7 GNR 2012-113 PY 2.50000 09/20/2042 US 246,606.42 $222,489.79
38379RRX3 GNR 2017-54 AH MTGE 2.60000 12/16/2056 US 319,615.48 $303,120.39
388689101 GRAPHIC PACKAGING HOLDING CO US GPK 9,351.32 $132,975.71
39807UAB2 GREYSTAR REAL ESTATE PAR 5.75000 12/01/2025 US 39,457.03 $38,569.24
404121AH8 HCA INC 5.37500 09/01/2026 US 24,660.64 $24,783.95
40414L109 HCP INC US HCP 1,395.79 $37,728.27
421946104 HEALTHCARE REALTY TRUST INC US HR 882.85 $27,333.07
42225P501 HEALTHCARE TRUST OF AMERICA US HTA 917.38 $26,209.43
42809H107 HESS CORP US HES 1,316.88 $88,678.58
437076102 HOME DEPOT INC US HD 1,088.03 $218,443.29
438128308 HONDA MOTOR CO LTD -SPONS ADR JP HMC 2,536.1 $75,144.66
438516106 HONEYWELL INTERNATIONAL INC US HON 848.33 $134,934.75
44107P104 HOST MARRIOTT CORP US HST 2,377.29 $51,182.97
444454AD4 HUGHES SATELLITE SYSTEMS 5.25000 08/01/2026 US 60,171.97 $57,539.44
446150104 HUNTINGTON BANCSHARES US HBAN 2,313.17 $37,496.46
45031UCD1 ISTAR INC 5.25000 09/15/2022 US 33,538.47 $33,203.09
45337C102 INCYTE CORP US INCY 14,229.19 $1,051,679.47
45378A106 INDEPENDENCE REALTY TRUST IN US IRT 1,627.6 $16,813.13
45763PAE6 INMARSAT FINANCE PLC 4.87500 05/15/2022 GB 98,642.57 $98,889.17
458140100 INTEL CORP US INTC 8,552.31 $414,188.41
459200101 INTERNATIONAL BUSINESS MACH CORP US IBM 1,010.1 $147,959.43
459745GH2 INTL LEASE FINANCE CORP 6.25000 05/15/2019 US 706,280.79 $721,927.52
46187BAA1 IHSFR 2017-SFR2 A 2.91000 12/17/2036 US 78,516.34 $78,562.22
46187BAB9 IHSFR 2017-SFR2 B 3.21000 12/17/2036 US 59,185.54 $59,285.54
46187W107 INVITATION HOMES INC US INVH 2,014.28 $47,073.75
464287598 ISHARES RUSSELL 1000 VALUE US 887.78 $112,837.23
464287739 ISHARES DJ US REAL ESTATE US 902.58 $75,076.56
466032109 J&J SNACK FOODS CORP US JJSF 493.21 $71,762.47
46625H100 JP MORGAN CHASE & CO US JPM 4,104.52 $470,295.59
46625HHL7 JPMORGAN CHASE & CO 6.30000 04/23/2019 US 1,016,018.45 $1,039,504.38
46640BAC8 JPMMT 2013-2 A2 3.50000 05/25/2043 US 87,185.81 $85,779.24
46641YAA1 JPMMT 2014-2 1A1 3.00000 06/25/2029 US 115,497.61 $114,523.16
46647SAE0 JPMMT 2017-3 1A3 3.50000 08/25/2047 US 328,906.59 $322,161.37
46647SAJ9 JPMMT 2017-3 1A5 3.50000 08/25/2047 US 422,150.76 $417,764.19
46648HAE3 JPMMT 2017-2 A5 3.50000 05/25/2047 US 329,239.3 $325,818.18
46648HAF0 JPMMT 2017-2 A6 3.00000 05/25/2047 US 353,627.39 $347,820.83
46649HAC6 JPMMT 2017-6 A3 3.50000 12/25/2048 US 230,141.25 $225,421.51
46649HAE2 JPMMT 2017-6 A5 3.50000 12/25/2048 US 271,229.95 $268,411.61
476405105 JERNIGAN CAPITAL INC US JCAP 2,707.74 $54,181.85
478160104 JOHNSON & JOHNSON US JNJ 6,436.43 $866,922.43
47987LAA9 JONAH NRG LLC/FINANCE 7.25000 10/15/2025 US 54,253.41 $42,317.66
485170302 KANSAS CITY SOUTHERN US KSU 927.24 $107,522.77
493267108 KEYCORP US KEY 3,348.92 $70,561.64
494550AW6 KINDER MORGAN ENER PART 6.95000 01/15/2038 US 877,918.86 $1,035,840.04
497864AA6 KISSNER GR HLDG 8.37500 12/01/2022 CA 31,565.62 $32,118.02
500472303 KONINKLIJKE PHILIPS NVR - NY ADR NL PHG 1,549.67 $69,161.98
500630CK2 KOREA DEVELOPMENT BANK 1.37500 09/12/2019 KR 591,855.41 $582,560.93
500754106 KRAFT HEINZ CO/THE US KHC 1,268.54 $73,918.03
50187T106 LGI HOMES INC US LGIH 93.71 $5,397.72
50187TAE6 LGI HOMES INC 6.87500 07/15/2026 US 49,321.28 $49,013.03
50212YAB0 LPL HOLDINGS INC 5.75000 09/15/2025 US 44,389.16 $43,390.40
502160AM6 LSB INDUSTRIES 9.62500 05/01/2023 US 44,389.16 $46,331.18
505742AD8 LADDER CAP FIN LLLP/CORP 5.87500 08/01/2021 US 29,592.77 $29,999.67
512816109 LAMAR ADVERTISING CO US LAMR 626.38 $48,262.60
526057104 LENNAR CORP US LEN 108.51 $5,606.55
531172104 LIBERTY PROPERTY TRUST US LPT 1,001.22 $43,803.47
53223X107 LIFE STORAGE INC US LSI 133.17 $12,997.14
532457108 ELI LILLY & CO US LLY 1,843.63 $194,779.47
534187109 LINCOLN NATL CORP IND US LNC 448.82 $29,433.86
539830109 LOCKHEED MARTIN CORP US LMT 337.36 $108,092.74
550021109 LULULEMON - ADR CA LULU 4,626.34 $716,758.31
554382101 THE MACERICH CO US MAC 266.33 $15,644.51
55616XAC1 MACYS RETAIL HLDGS INC 7.00000 02/15/2028 US 345,248.99 $381,175.82
55933JAB0 MAGNACHIP SEMICONDUCTOR 6.62500 07/15/2021 US 38,470.6 $37,989.72
56585A102 MARATHON PETROLEUM CORP US MPC 772.37 $63,558.44
5671735 SANOFI-AVENTIS FR SAN FP 1,030.81 $88,519.75
57636Q104 MASTERCARD INC-CLASS A US MA 3,225.61 $695,312.92
580135101 MCDONALDS CORP US MCD 876.93 $142,264.75
58933Y105 MERCK & CO INC US MRK 8,603.6 $590,121.25
59001ABA9 MERITAGE HOMES CORP 5.12500 06/06/2027 US 29,592.77 $27,447.29
594918104 MICROSOFT CORP US MSFT 7,003.62 $786,716.90
59522J103 MID-AMERICA APARTMENT COMM US MAA 517.87 $53,630.98
60871R209 MOLSON COORS BREWING CO -B US TAP 498.15 $33,246.20
609207105 MONDELEZ INTERNATIONAL INC US MDLZ 11,448.46 $489,078.06
61744YAG3 MORGAN STANLEY FLT 3.56325 05/08/2024 US 1,035,746.97 $1,056,449.48
62426EAA3 MOUNTAIN PROVINCE DIAMON 8.00000 12/15/2022 CA 64,117.67 $65,400.02
624758108 MUELLER WATER PRODUCTS INC - A US MWA 7,861.81 $90,961.17
637417106 NATIONAL RETAIL PROPERTIES US NNN 419.23 $19,322.35
63938CAE8 NAVIENT CORP 7.25000 09/25/2023 US 29,592.77 $31,220.37
64829DAG1 NRZT 2014-3A AFX3 3.75000 11/25/2054 US 101,473.04 $101,893.06
64829EAA2 NRZT 2015-2A A1 3.75000 08/25/2055 US 111,387.31 $111,683.74
64829LAA6 NRZT 2016-4A A1 3.75000 11/25/2056 US 145,255.13 $145,250.32
651229106 NEWELL BRANDS INC US NWL 3,161.49 $68,667.66
66987V109 NOVARTIS AG- REG CH NVS 7,383.4 $612,895.72
67103H107 O'REILLY AUTOMOTIVE INC US ORLY 281.13 $94,297.07
680223104 OLD REPUBLIC INTL CORP US ORI 1,632.53 $36,209.62
683235AA3 ONTARIO (PROVINCE OF) 2.00000 09/27/2018 CA 208,135.82 $208,100.44
68323ADY7 ONTARIO (PROVINCE OF) 1.25000 06/17/2019 CA 203,203.69 $201,033.52
69007J106 OUTFRONT MEDIA INC US OUT 1,834.75 $36,456.52
69145LAA2 OXFORD FIN LLC/CO-ISS II 6.37500 12/15/2022 US 44,389.16 $45,387.91
693475105 PNC FINANCIAL SERVICES GROUP US PNC 251.54 $36,105.84
70014LAC4 PARK AEROSPACE HOLDINGS 4.50000 03/15/2023 KY 43,402.73 $42,914.45
70338P100 PATTERN ENERGY GROUP INC -A US PEGI 1,671.99 $34,075.19
713448108 PEPSICO INC US PEP 2,140.54 $239,762.30
71654QCJ9 PETROLEOS MEXICANOS 6.35000 02/12/2048 MX 621,448.18 $551,535.26
717081103 PFIZER INC US PFE 5,416.46 $224,891.56
71943U104 PHYSICIANS REALTY TRUST US DOC 3,062.85 $53,569.28
729640102 PLYMOUTH INDUSTRIAL REIT INC US 1,711.45 $27,605.67
733174AJ5 POPULAR INC 7.00000 07/01/2019 US 34,524.9 $35,258.55
741503AZ9 PRICELINE GROUP INC/THE 3.60000 06/01/2026 US 1,085,068.25 $1,061,193.82
74251V102 PRINCIPAL FINANCIAL GROUP US PFG 493.21 $27,220.42
74333KAA6 PROG 2017-SFR2 A 2.89700 12/17/2034 US 147,963.85 $143,886.61
74340W103 PROLOGIS US PLD 1,543.76 $103,709.54
744320AL6 PRUDENTIAL FINANCIAL INC 5.87500 09/15/2042 US 660,905.21 $703,864.05
74460D109 PUBLIC STORAGE INC US PSA 271.27 $57,665.95
74736K101 QORVO INC US QRVO 8,207.06 $657,303.57
758849103 REGENCY CENTERS CORP US REG 404.43 $26,704.81
75886F107 REGENERON PHARMACEUTICALS INC US REGN 823.67 $335,025.92
7591EP100 REGIONS FINANCIAL CORP. US RF 2,145.48 $41,750.96
767204100 RIO TINTO PLC - SPON ADR GB RIO 1,610.83 $77,368.32
77340RAK3 ROCKIES EXPRESS PIPELINE 5.62500 04/15/2020 US 24,660.64 $25,431.29
780259107 ROYAL DUTCH SHELL PLC-ADR B NL RDS/B 1,085.07 $73,111.90
78410G104 SBA COMMUNICATIONS CORP US SBAC 1,469.77 $228,153.06
78442PGC4 SLM CORP 5.12500 04/05/2022 US 39,457.03 $39,062.46
78470NAB2 SOFI 2015-D A2 2.72000 10/27/2036 US 105,041.5 $103,638.42
78470RAC1 SOFI 2016-E A2B 2.49000 01/25/2036 US 276,199.19 $272,426.53
78490DAA2 SOFI 2018-C A1FX 3.08000 01/25/2048 US 434,027.3 $434,741.84
785592AV8 SABINE PASS LIQUEFACTION 5.87500 06/30/2026 US 966,697.17 $1,045,940.10
80105N105 SANOFI-AVENTIS-ADR FR SNY 3,004.65 $128,749.37
80282KAS5 SANTANDER HOLDINGS USA 3.40000 01/18/2023 US 720,090.75 $700,050.15
806857108 SCHLUMBERGER LTD NL SLB 6,431.5 $406,213.25
808513105 CHARLES SCHWAB CORP/THE US SCHW 10,648.47 $540,835.55
81211K100 SEALED AIR CORP US SEE 8,961.68 $359,452.88
812578102 SEATTLE GENETICS INC US SGEN 4,424.12 $339,595.39
81663AAD7 SEMGROUP CORP 6.37500 03/15/2025 US 54,253.41 $53,032.71
81745EAA7 SEMT 2013-8 A1 3.00000 06/25/2043 US 120,737.41 $116,764.06
81762P102 SERVICENOW INC US NOW 1,218.24 $239,212.77
81783QAC9 SEVEN GENERATIONS ENERGY 5.37500 09/30/2025 CA 23,674.22 $22,963.99
822538AE4 SHELF DRILL HOLD LTD 8.25000 02/15/2025 KY 29,592.77 $30,332.59
828806109 SIMON PROPERTY GROUP INC US SPG 764.48 $139,922.76
83088M102 SKYWORKS SOLUTIONS INC US SWKS 3,442.63 $314,311.72
831641FC4 SBIC 2015-10A 1 2.51700 03/10/2025 US 115,976.52 $113,310.09
831641FE0 SBIC 2015-10B 1 2.82900 09/10/2025 US 497,981.58 $491,337.21
83401BAA4 SOFI 2017-F A1FX 2.05000 01/25/2041 US 72,145.81 $71,518.80
83401BAB2 SOFI 2017-F A2FX 2.84000 01/25/2041 US 73,981.93 $72,247.69
83402JAC2 SOFI 2016-B A2B 2.74000 10/25/2032 US 92,354.6 $92,030.35
83404FAB0 SOFI 2017-A A2A 1.55000 03/26/2040 US 52,149.81 $51,747.00
83404YAA1 SCLP 2016-5 A 3.06000 09/25/2028 US 199,218.65 $198,357.14
83405LAA8 SCLP 2017-5 A1 2.14000 09/25/2026 US 125,338.73 $124,741.37
83406EAB1 SOFI 2018-A A2A 2.39000 02/25/2042 US 139,978.48 $138,896.02
835495102 SONOCO PRODUCTS CO US SON 2,411.81 $135,157.88
84265VAD7 SOUTHERN COPPER CORP 5.37500 04/16/2020 US 29,592.77 $30,618.72
844741108 SOUTHWEST AIRLS CO US LUV 912.44 $55,932.80
845467AL3 SOUTHWESTERN ENERGY CO 6.20000 01/23/2025 US 26,633.49 $26,666.79
852061AK6 SPRINT COMMUNICATIONS 9.00000 11/15/2018 US 10,850.68 $10,972.75
85254J102 STAG INDUSTRIAL INC US STAG 2,165.2 $62,509.45
85571XAA5 SRPT 2014-STAR A FLTG RATE 3.28269 11/15/2027 US 257,424.3 $257,525.34
866674104 SUN COMMUNITIES US SUI 517.87 $53,434.19
867892101 SUNSTONE HOTEL INVESTORS INC US SHO 1,839.68 $30,869.90
867914103 SUNTRUST BANKS INC US STI 532.67 $39,183.20
874039100 TAIWAN SEMICONDUCTOR - SP ADR TW TSM 5,109.69 $222,782.27
87470LAA9 TALLGRASS NRG PRTNR/FIN 5.50000 09/15/2024 US 24,660.64 $25,215.51
87612E106 TARGET CORP US TGT 904.55 $79,148.33
87854WAA1 TECHNIPLAS LLC 10.00000 05/01/2020 US 34,524.9 $31,072.41
88032WAG1 TENCENT HOLDINGS LTD 3.59500 01/19/2028 KY 729,955.01 $693,863.26
882508104 TEXAS INSTRUMENTS INC US TXN 4,139.04 $465,228.34
88579Y101 3M CO US MMM 915.4 $193,076.81
88650V208 TIER REIT INC US TIER 1,361.27 $32,452.62
89173CAA5 TPMT 2016-5 A1 2.50000 10/25/2056 US 238,907.9 $232,978.50
89613BAA5 TAH 2013-SFR1 A 2.58900 11/17/2033 US 217,066.9 $210,576.55
89613FAA6 TAH 2017-SFR2 A 2.92800 01/17/2036 US 197,285.14 $190,495.10
896356AE2 TRINIDAD DRILLING LTD 6.62500 02/15/2025 CA 35,511.32 $35,156.21
901109AF5 TUTOR PERINI CORP 6.87500 05/01/2025 US 35,511.32 $36,132.77
902653104 UDR INC US UDR 1,385.93 $55,395.55
902973304 U.S. BANCORP US USB 2,063.6 $111,661.53
903002103 UMH PROPERTIES INC US UMH 907.51 $14,483.89
904767704 UNILEVER PLC - ADR GB UL 9,836.64 $559,409.54
907818108 UNION PAC CORP US UNP 918.36 $138,323.73
911312106 UNITED PARCEL SERVICE US UPS 1,059.42 $130,181.68
912796PY9 TREASURY BILL 0.00000 09/06/2018 US 3,723,756.95 $3,723,364.92
912810FM5 UNITED STATES TREAS BOND 6.25000 05/15/2030 US 896,660.95 $1,195,676.35
912810PT9 UNITED STATES TREAS BOND 4.75000 02/15/2037 US 1,483,584.23 $1,873,256.90
912810QV3 UNITED STATES TREAS INFL INDEX 0.75000 02/15/2042 US 583,467.61 $565,446.97
912810RK6 US TREASURY N/B 2.50000 02/15/2045 US 1,008,127.05 $914,481.51
912828D23 US TREASURY N/B 1.62500 04/30/2019 US 7,497,821.62 $7,462,382.72
912828K33 UNITED STATES TREAS INFL INDEX 0.12500 04/15/2020 US 2,843,925.19 $2,807,413.33
912828K58 UNITED STATES TREAS NTS 1.37500 04/30/2020 US 3,834,236.63 $3,758,150.99
912828R28 US TREASURY N/B 1.62500 04/30/2023 US 2,628,824.45 $2,501,593.45
912828R36 US TREASURY N/B 1.62500 05/15/2026 US 1,331,674.67 $1,221,915.54
912828S76 US TREASURY N/B 1.12500 07/31/2021 US 7,509,658.73 $7,181,404.48
912828UH1 UNITED STATES TREAS INFL INDEX 0.12500 01/15/2023 US 572,577.58 $557,762.66
912828WZ9 UNITED STATES TREAS NTS 1.75000 04/30/2022 US 2,564,706.78 $2,478,248.10
912828XQ8 US TREASURY N/B 2.00000 07/31/2022 US 1,282,353.39 $1,247,840.05
913017109 UNITED TECHNOLOGIES CORP US UTX 959.79 $126,404.63
91704F104 URBAN EDGE PROPERTIES US UE 1,879.14 $42,957.16
91913Y100 VALERO ENERGY US VLO 651.04 $76,744.71
92276F100 VENTAS INC US VTR 384.71 $23,032.35
92339V100 VEREIT INC US VER 2,515.39 $19,670.31
92343V104 VERIZON COMMUNICATIONS US VZ 1,869.28 $101,632.57
92343VDV3 VERIZON COMMUNICATIONS 5.50000 03/16/2047 US 986,425.68 $1,066,112.94
92532F100 VERTEX PHARMACEUTICALS INC US VRTX 1,016.02 $187,353.80
92826C839 VISA INC - CLASS A SHARES US V 3,432.76 $504,238.32
929042109 VORNADO REALTY TRUST US VNO 606.65 $46,712.19
92935JBC8 WF-RBS COMMERCIAL MORTGAGE T FLT 4.86900 02/15/2044 US 343,956.04 $355,331.01
92960PAA7 W/S PACKAGING HOLDINGS 9.00000 04/15/2023 US 44,389.16 $45,387.91
931142103 WAL MART STORES US WMT 2,561.75 $245,569.12
931427108 WALGREENS BOOTS ALLIANCE INC US WBA 1,064.35 $72,972.06
94106L109 WASTE MANAGEMENT INC US WM 1,173.85 $106,702.65
948565AC0 WEEKLEY HOMES LLC/ FINAN 6.00000 02/01/2023 US 23,674.22 $22,963.99
94856UAA9 WEEKLEY HOMES LLC/ FINAN 6.62500 08/15/2025 US 34,524.9 $32,626.03
949746101 WELLS FARGO COMPANY US WFC 6,433.47 $376,229.23
95040Q104 WELLTOWER INC. US WELL 453.76 $30,270.05
962166104 WEYERHAEUSER CO US WY 2,194.8 $76,181.41
962178AL3 TRI POINTE HOLDINGS INC 4.37500 06/15/2019 US 24,660.64 $24,783.95
962178AN9 TRI POINTE GROUP / HOMES 5.87500 06/15/2024 US 39,457.03 $39,307.09
97651JAE6 WINWATER MORTGAGE LOAN TRUST 3.50000 03/20/2045 US 106,394.02 $106,427.99
97652TAA1 WIN 2015-1 A1 3.50000 01/20/2045 US 122,431.32 $120,327.86
98161FAD7 WOLS 2016-A A3 1.45000 08/15/2019 US 74,637.36 $74,452.39
98919V105 ZAYO GROUP HOLDINGS INC US ZAYO 8,710.14 $301,893.41
B15C557 TOTAL SA FR FP FP 853.26 $53,506.11
B296BQ5 STORAGEVAULT CANADA INC CA SVI CN 3,363.71 $6,804.75
B29TNV3 INNERGEX RENEWABLE ENERGY CA INE CN 2,954.34 $30,313.17
B3FP8W8 CANADA HOUSING TRUST 4.10000 12/15/2018 CA 26,633.49 $20,546.57
B3ZD2V9 MEX BONOS DESARR FIX RT 6.50000 06/10/2021 MX 271,267.06 $13,704.03
B4888C1 CANADIAN GOVERNMENT FLT 2.75000 06/01/2022 CA 32,552.05 $25,502.09
B4NDCC9 MEX BONOS DESARR FIX RT 6.50000 06/09/2022 MX 497,158.54 $24,855.78
B4YN9R2 SINGAPORE GOVERNMENT 2.50000 06/01/2019 SG 59,185.54 $43,366.86
B615Y14 MEX BONOS DESARR FIX RT 8.00000 06/11/2020 MX 723,050.03 $37,898.23
B68XHC3 NORTHLAND POWER INC CA NPI CN 1,736.11 $29,041.59
B6TC406 MEX BONOS DESARR FIX RT 7.75000 05/29/2031 MX 90,751.16 $4,665.75
BBG00GTNS047 MDT US 09/21/18 P85 IE -21.7 -$21.70
BBG00JT2BST7 EQIX US 09/21/18 P410 US -3.95 -$434.03
BBG00LHTMJJ5 NOW US 09/21/18 C200 US -6.91 -$2,071.49
BBG00LP5FKR4 SCHW US 09/28/18 C51.5 US -26.63 -$2,397.01
BBG00LSPK0K2 LULU 08/31/18 C149 CA -8.88 -$5,060.36
BD82246 EAGLE BULK SHIPCO 8.25000 11/28/2022 MH 197,285.14 $201,724.05
BF955D8 TELENET FINANCE LUX NOTE 5.50000 03/01/2028 LU 197,285.14 $184,461.60
BFYM460 UNIBAIL-RODAMCO-WESTFIELD FR URW NA 133.17 $27,966.22
BGHQ198 HIBERNIA REIT PLC IE HBRN ID 11,797.65 $20,541.23
BMMV2K8 TENCENT HOLDINGS LTD CN 700 HK 10,525.16 $452,446.95
BP9DL90 INDUSTRIA DE DISENO TEXTIL ES ITX SM 8,932.08 $269,915.75
BYYHL23 ANHEUSER-BUSCH INBEV SA/NV BE ABI BB 7,151.59 $666,836.78
G3157S106 ENSCO INTERNATIONAL INC US ESV 21,775.35 $148,943.37
G37585AC3 GASLOG LTD 8.87500 03/22/2022 BM 59,185.54 $61,552.96
G51502105 JOHNSON CONTROLS INTERNATIONAL US JCI 1,686.79 $63,709.98
G5960L103 MEDTRONIC INC IE MDT 7,821.37 $754,058.21
G96629103 WILLIS TOWERS WATSON PLC GB WLTW 221.95 $32,685.95
H1467J104 CHUBB LTD CH CB 345.25 $46,691.47
H8817H100 TRANSOCEAN LTD US RIG 21,247.61 $257,308.55
N47279109 INTERXION HOLDING NV NL INXN 4,379.73 $288,755.60
N53745100 LYONDELLBASELL INDU-CL A US LYB 626.38 $70,643.17
USD US DOLLAR US 1,006,811.3 $1,006,811.30

Based on the investments of the underlying fund(s): Manning & Napier Fund, Inc. Pro-Blend® Conservative Term Series through 10/15/2017, and Manning & Napier Fund, Inc. Blended Asset Conservative Series beginning 10/16/2017. Investments will change over time. Fund holdings list does not include securities with positions less than 0.005 shares.

Distributions

  • Target Income Series Class K Distribution History
  • 2018 Distribution Calendar
  • Fourth Quarter 2017 Distributions
  • Third Quarter 2018 Distributions
  • Second Quarter 2018 Distributions
  • First Quarter 2018 Distributions
  • Tax Letter
  • Target 2010 Merger into Target Income – 2015

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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