Target Income Series Class R has merged into Pro-Blend Conservative Term Series Class R as of the close of business on Friday, 09/25/2020. The closing NAV for Target Income Series Class R is $9.6911 and the conversion ratio into Pro-Blend Conservative Term Series Class R is 0.944552.

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

$9.67

Daily $ Change

-$0.01

Daily % Change

-0.10%

as of 09/24/2020

Ticker

MTDRX

CUSIP

56382P831

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

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

6.18%

1 Year

8.51%

3 Year

5.62%

5 Year

5.37%

10 Year

4.97%

Inception
(03/28/2008)

4.79%

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 1.24%
Net 1.15%*

*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.

Distributions

  • Target Income Series Class R Distribution History
  • 2020 Distribution Calendar
  • Fourth Quarter 2019 Distributions
  • Third Quarter 2020 Distributions
  • Second Quarter 2020 Distributions
  • First Quarter 2020 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).

Target Income Series Class R has merged into Pro-Blend Conservative Term Series Class R as of the close of business on Friday, 09/25/2020. The closing NAV for Target Income Series Class R is $9.6911 and the conversion ratio into Pro-Blend Conservative Term Series Class R is 0.944552.

Daily Price

$9.67

Daily $ Change

-$0.01

Daily % Change

-0.10%

as of 09/24/2020

Ticker

MTDRX

CUSIP

56382P831

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

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.

Target Series Glide Path Overview

Learn more about our Glide Range SM

Performance

As of 08/31/2020

YTD

6.18%

1 Year

8.51%

3 Year

5.62%

5 Year

5.37%

10 Year

4.97%

Inception
(03/28/2008)

4.79%

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 1.24%
Net 1.15%*

*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.

Distributions

  • Target Income Series Class R Distribution History
  • 2020 Distribution Calendar
  • Fourth Quarter 2019 Distributions
  • Third Quarter 2020 Distributions
  • Second Quarter 2020 Distributions
  • First Quarter 2020 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).


Loading...