Collective Investment Trusts
Pro-Mix® Maximum Term CIT
Investment Objective
To provide long-term capital growth.
Investment Strategy
The portfolio is invested in an aggressive, growth-oriented mix of securities that seeks to earn the long-term growth typically associated with the stock market. Holdings are diversified primarily among various stock investments in both domestic and foreign markets; only a minor portion of the fund is invested in fixed income securities.
The fund manager will adjust the investment mix over time to manage risk by continually evaluating individual securities and market conditions to determine the relative attractiveness of each investment. In general, stock exposure will increase when valuations are low and decrease during speculative markets.
May be Appropriate for Investors
- Who seek long-term capital growth and generally have the time to withstand market volatility
- Who have a very high capital risk tolerance
About Our Risk-Based Funds
Risk-based funds offer professional management and asset allocation through a choice of investment objectives that range from fairly aggressive to fairly conservative. All an investor has to do is determine which objective best suits their current risk tolerance and investment time horizon, then decide when to move to a different objective as their personal situation changes over the years.
Time Horizon & Range of Stock Exposure
| Conservative Term | Moderate Term | Extended Term | Maximum Term |
| 0-5 Years | 3-10 Years | 15+ Years | 7-20 Years |
| 5-35% | 20-60% | 40-70% | 70-95% |
Generally, the longer your time horizon, the more aggressive your investment objective can be. Greater stock exposure is typically associated with higher return potential and higher capital risk.
Daily Price
$32.63
Daily $ Change
-$0.16
Daily % Change
-0.49%
as of 08/20/2026
CUSIP
302027156
Inception Date
10/15/2013
This fund is only available for use within certain qualified employee benefit plans.
Important Documents
| Applications & Forms | |
| Fact Sheet | |
| Annual Report |
YTD
5.86%
1 Year
13.01%
3 Year
12.13%
5 Year
6.00%
10 Year
10.60%
Inception
(01/01/2000)
8.48%
Performance data quoted represents past performance and does not guarantee future results. Performance for periods greater than one year is annualized. Your investment may fluctuate in value and there is a potential for loss as well as profit.
Performance through the inception date of the Pro-Mix® CIT Class U units is based on the historical performance of the CIT's oldest unit class. Returns are net of Pro-Mix CIT® Class U expenses.
Expense Ratio
| Gross | 0.49% |
| Net | 0.49%* |
*Reflects the Trustee’s contractual agreement to limit fees and voluntary agreement to reimburse certain expenses.
| NVIDIA CORP | 5.94% |
| MICROSOFT CORP | 5.59% |
| AMAZON COM INC | 4.43% |
| UNITED STATES TREAS NTS . 20321115 4.125% | 3.92% |
| ALPHABET INC CAP STK CL A | 3.72% |
| MASTERCARD INCORPORATED CL A | 3.46% |
| META PLATFORMS INC CL A | 3.25% |
| TAIWAN SEMICONDUCTOR MFG LTD | 3.11% |
| VISA INC | 3.11% |
| UNITED PARCEL SERVICE INC | 2.72% |
This investment list is unaudited and excludes cash.
| Equity | 77.78% | |
| Cash and Equivalents | 13.95% | |
| Fixed Income | 8.27% |
| Security Description | Country | Ticker | Shares/Par | Market Value (USD) |
|---|---|---|---|---|
| ADMIRAL GROUP | US | AMIGY | 33,061 | $1,678,242.48 |
| AERCAP IRELAND CAP DESIGNATED SR GLBL NT 20281029 3.000% | US | 180,000 | $173,035.80 | |
| AIR LIQUIDE | US | AIQUY | 41,811 | $1,642,503.32 |
| AIRBNB INC 4.65 20310316 | US | 200,000 | $197,176.00 | |
| ALEXANDER FDG TR II SR SEC GLBL 20280731 7.467% | US | 190,000 | $197,875.50 | |
| ALPHABET INC CAP STK CL A | US | GOOGL | 22,455 | $7,996,899.15 |
| AMAZON COM INC | US | AMZN | 35,045 | $9,517,521.10 |
| AMETEK INC NEW | US | AME | 13,938 | $3,368,953.98 |
| AMPHENOL CORP NEW | US | APH | 10,501 | $1,687,510.70 |
| APOLLO GLOBAL MGMT INC SR GLBL NT 20350812 5.150% | US | 220,000 | $210,390.40 | |
| APOLLO GLOBAL MGMT INC SR GLBL NT5.7%36 5.7 20360330 | US | 200,000 | $197,338.00 | |
| APPLE INC COM | US | AAPL | 10,037 | $3,100,529.67 |
| APPLIED MATLS INC | US | AMAT | 3,279 | $1,664,649.93 |
| ASML HOLDING N V N Y REGISTRY SHS | US | ASML | 1,998 | $3,254,742.00 |
| ATHENE GLOBAL FDG 5.033 20300717 | US | 190,000 | $187,322.90 | |
| ATLAS COPCO AB | US | ATLKY | 192,017 | $4,047,718.36 |
| ATLAS WHSE LENDING CO LP SR 144A NT 30 4.95 20301115 | US | 290,000 | $283,350.30 | |
| BAE SYS PLC | US | BAESY | 14,988 | $1,689,447.36 |
| BANK AMERICA CORP FR . 20320422 2.687% | US | 350,000 | $313,936.00 | |
| BECLE SAB DE CV SR A NT. 20311014 2.500% | US | 250,000 | $212,560.00 | |
| BLACKROCK INC COM | US | BLK | 3,078 | $3,356,220.42 |
| BLACKSTONE PRIVATE CREDIT FUND 5 YR 5.95 20310515 | US | 190,000 | $186,046.10 | |
| BOOKING HLDGS INC COM | US | BKNG | 8,550 | $1,649,295.00 |
| CADENCE DESIGN SYSTEM INC | US | CDNS | 4,968 | $1,689,219.36 |
| CAMERON LNG LLC SR SEC GLBL 20350115 3.302% | US | 220,000 | $188,434.40 | |
| CAPITAL ONE FINL CORP SR GLBL NT 20340608 6.377% | US | 360,000 | $375,033.60 | |
| CARDINAL HEALTH INC | US | CAH | 7,359 | $1,692,790.77 |
| CBRE GROUP INC | US | CBRE | 22,486 | $3,301,169.66 |
| CENCORA INC COM | US | COR | 5,331 | $1,659,753.54 |
| CENOVUS ENERGY INC SR NT . 20391115 6.750% | US | 260,000 | $280,992.40 | |
| CITIGROUP INC SR GLBL NT 20310911 4.503% | US | 290,000 | $283,370.60 | |
| CITIZENS FINL GROUP INC SUB GLBL NT 20360129 5.299% | US | 190,000 | $186,010.00 | |
| CONSTELLATION SOFTWARE INC SR A NT 20340216 5.461% | US | 290,000 | $279,226.50 | |
| COOPER COS INC COM | US | COO | 46,139 | $3,336,772.48 |
| CORNELL UNIVERSITY GLBL - BD 20300615 4.169% | US | 380,000 | $373,251.20 | |
| CORPORACION NACIONAL DEL COBRE SR A NT 20370130 5.529% | US | 240,000 | $230,208.00 | |
| DEUTSCHE BOERSE ADR | US | DBOEY | 54,768 | $1,652,843.47 |
| DIPLOMA PLC | US | DPMAY | 27,960 | $688,570.92 |
| DUKE ENERGY FLA LLC M GLBL BD. 20380615 6.400% | US | 180,000 | $191,714.40 | |
| EAGLE FDG LUXCO S A R L SR GLBL A 20300817 5.500% | US | 350,000 | $349,387.50 | |
| EAGLE MATLS INC SR GLBL NT 20360315 5.000% | US | 220,000 | $207,490.80 | |
| ELEVANCE HEALTH INC COM | US | ELV | 11,144 | $4,188,360.96 |
| ENERGY TRANSFER L P SR NT . 20420201 6.500% | US | 270,000 | $276,623.10 | |
| EXPERIAN PLC SPONSORED ADR | US | EXPGY | 84,184 | $3,160,772.46 |
| GOLDEN PEAR FUNDING HOLDCO LLC SR A NT 20280302 10.000% | US | 105,000 | $97,828.50 | |
| GRAPHIC PACKAGING HLDG CO | US | GPK | 222,024 | $2,382,317.52 |
| GUARDANT HEALTH INC COM | US | GH | 11,338 | $1,836,642.62 |
| HALMA PLC | US | HALMY | 15,215 | $1,445,577.15 |
| HEICO CORP NEW | US | HEI A | 13,008 | $3,346,698.24 |
| HUNTINGTON BANCSHARES INC GLBL NT . 20300204 2.550% | US | 100,000 | $91,839.00 | |
| ICAHN ENTERPRISES LPCORP SR SEC GLBL 20291115 10.000% | US | 210,000 | $210,346.50 | |
| IMCD GROUP N V | US | IMCDY | 61,298 | $3,342,273.45 |
| JEFFERIES FINANCIAL GROUP INC SR GLBL NT. 20340414 6.200% | US | 370,000 | $373,348.50 | |
| JPMORGAN CHASE n CO SR GLBL NT 20310324 4.493% | US | 380,000 | $373,817.40 | |
| KNIGHT SWIFT TRANSN HLDGS INC CL A | US | KNX | 71,549 | $4,974,801.97 |
| L OREAL CO | US | LRLCY | 46,034 | $4,098,913.39 |
| LAM RESEARCH CORP COM NEW | US | LRCX | 5,445 | $1,595,493.90 |
| MASTERCARD INCORPORATED CL A | US | MA | 12,970 | $7,433,107.00 |
| MCKESSON CORP | US | MCK | 1,903 | $1,629,329.57 |
| MERCADOLIBRE INC | US | MELI | 1,350 | $2,535,232.50 |
| META PLATFORMS INC 5.25 20360515 | US | 430,000 | $412,271.10 | |
| META PLATFORMS INC CL A | US | META | 12,549 | $6,986,153.79 |
| MICROSOFT CORP | US | MSFT | 25,844 | $12,010,223.68 |
| MOLINA HEALTHCARE INC | US | MOH | 21,189 | $4,144,992.18 |
| MONOTARO CO LTD | US | MONOY | 128,556 | $1,617,234.48 |
| MOODYS CORP | US | MCO | 3,483 | $1,666,197.54 |
| MORGAN STANLEY PRIVATE BANK NA 4NC3 4.213 20300208 | US | 200,000 | $196,630.00 | |
| NASDAQ STOCK MARKET INC | US | NDAQ | 17,615 | $1,659,156.85 |
| NATERA INC | US | NTRA | 6,436 | $1,723,303.36 |
| NEWCASTLE COAL INFRASTRUCTURE SR SEC A NT 20270929 4.400% | US | 221,429.75 | $219,354.95 | |
| NU HLDGS LTD | US | NU | 351,110 | $5,031,406.30 |
| NVIDIA CORP | US | NVDA | 63,629 | $12,773,521.75 |
| OPEN INFRA US ASSETS AB (PUBL) 11.0 20270222 | US | 200,000 | $199,611.66 | |
| OXFORD FIN CR FD III -A LP A- . 20320114 6.675% | US | 32,524.51 | $32,714.06 | |
| PALOMINO FDG TR I SR SEC GLBL 20280517 7.233% | US | 210,000 | $217,161.00 | |
| PELORUS FUND REIT LLC CR SEN SR GLBL 20260930 7.000% | US | 190,000 | $189,773.90 | |
| PNC FINL SVCS GROUP INC SR GLBL NT 20310513 4.899% | US | 280,000 | $278,947.20 | |
| ROLLINS INC | US | ROL | 15,480 | $587,775.60 |
| SAFEHOLD OPER PARTNERSHIP LP SR GLBL NT 20320115 2.850% | US | 210,000 | $185,354.40 | |
| SAFEHOLD OPER PARTNERSHIP LP SR GLBL NT. 20340401 6.100% | US | 180,000 | $185,508.00 | |
| SANOFI SPONSORED ADR | US | SNY | 37,024 | $1,594,993.92 |
| SBA TOWER TR - - . 20521115 6.599% | US | 315,000 | $317,674.13 | |
| SERVICENOW INC | US | NOW | 30,567 | $3,399,967.41 |
| SIRIUSPOINT LTD SR GLBL NT 20290405 7.000% | US | 180,000 | $186,771.60 | |
| SPOTIFY TECHNOLOGY S A | US | SPOT | 6,487 | $3,243,110.78 |
| SPRINT CAP CORP MTN BE SR GLBL NT 20320315 8.750% | US | 160,000 | $186,179.20 | |
| TAIWAN SEMICONDUCTOR MFG LTD | US | TSM | 16,530 | $6,682,252.50 |
| TENCENT HLDGS LTD ADR | US | TCEHY | 26,477 | $1,604,506.20 |
| TENET HEALTHCARE CORP COM NEW | US | THC | 19,022 | $4,846,425.16 |
| TJX COS INC | US | TJX | 31,456 | $4,949,287.04 |
| UNITED PARCEL SERVICE INC | US | UPS | 56,176 | $5,854,662.72 |
| UNITED STATES TREAS BDS 20470515 3.000% | US | 3,814,000 | $2,703,782.74 | |
| UNITED STATES TREAS NTS . 20321115 4.125% | US | 8,624,000 | $8,438,066.56 | |
| UNITEDHEALTH GROUP INC | US | UNH | 5,956 | $2,468,166.40 |
| US DOLLARS | US | USD | 34,871,956.56 | $34,871,956.56 |
| VISA INC | US | V | 18,250 | $6,681,872.50 |
| VSP OPPTICAL GROUP INC 1.0 20330601 | US | 190,000 | $187,889.10 | |
| WEST FRASER TIMBER LTD | US | WFG | 37,870 | $2,455,869.50 |
| WEYERHAEUSER CO | US | WY | 69,768 | $1,746,293.04 |
Investments will change over time.
A Word About Risk
All investments involve risks, including possible loss of principal. Because the fund invests 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 the fund will also involve a number of other risks, including issuer-specific risk, foreign investment risk, and small-cap/mid-cap risk. 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.
About The Fund Manager
Manning & Napier Advisors, LLC (Manning & Napier) provides investment advisory services to Exeter Trust Company, Trustee of the Manning & Napier Collective Investment Trust Funds. Manning & Napier is headquartered in Rochester, NY and has more than 50 years of experience managing investment objectives. The Firm’s active management approach focuses on participating in rising markets and, as important, helping to reduce the risk of large losses in sustained bear market periods. A team of investment analysts and professionals make all investment decisions in an effort to provide investors with strong risk-adjusted returns.
Daily Price
$32.63
Daily $ Change
-$0.16
Daily % Change
-0.49%
as of 08/20/2026
CUSIP
302027156
Inception Date
10/15/2013
This fund is only available for use within certain qualified employee benefit plans.
Important Documents
| Applications & Forms | |
| Fact Sheet | |
| Annual Report |
Investment Objective
To provide long-term capital growth.
Investment Strategy
The portfolio is invested in an aggressive, growth-oriented mix of securities that seeks to earn the long-term growth typically associated with the stock market. Holdings are diversified primarily among various stock investments in both domestic and foreign markets; only a minor portion of the fund is invested in fixed income securities.
The fund manager will adjust the investment mix over time to manage risk by continually evaluating individual securities and market conditions to determine the relative attractiveness of each investment. In general, stock exposure will increase when valuations are low and decrease during speculative markets.
May be Appropriate for Investors
- Who seek long-term capital growth and generally have the time to withstand market volatility
- Who have a very high capital risk tolerance
About Our Risk-Based Funds
Risk-based funds offer professional management and asset allocation through a choice of investment objectives that range from fairly aggressive to fairly conservative. All an investor has to do is determine which objective best suits their current risk tolerance and investment time horizon, then decide when to move to a different objective as their personal situation changes over the years.
Time Horizon & Range of Stock Exposure
| Conservative Term | Moderate Term | Extended Term | Maximum Term |
| 0-5 Years | 3-10 Years | 15+ Years | 7-20 Years |
| 5-35% | 20-60% | 40-70% | 70-95% |
Generally, the longer your time horizon, the more aggressive your investment objective can be. Greater stock exposure is typically associated with higher return potential and higher capital risk.
YTD
5.86%
1 Year
13.01%
3 Year
12.13%
5 Year
6.00%
10 Year
10.60%
Inception
(01/01/2000)
8.48%
Performance data quoted represents past performance and does not guarantee future results. Performance for periods greater than one year is annualized. Your investment may fluctuate in value and there is a potential for loss as well as profit.
Performance through the inception date of the Pro-Mix® CIT Class U units is based on the historical performance of the CIT's oldest unit class. Returns are net of Pro-Mix CIT® Class U expenses.
Expense Ratio
| Gross | 0.49% |
| Net | 0.49%* |
*Reflects the Trustee’s contractual agreement to limit fees and voluntary agreement to reimburse certain expenses.
| NVIDIA CORP | 5.94% |
| MICROSOFT CORP | 5.59% |
| AMAZON COM INC | 4.43% |
| UNITED STATES TREAS NTS . 20321115 4.125% | 3.92% |
| ALPHABET INC CAP STK CL A | 3.72% |
| MASTERCARD INCORPORATED CL A | 3.46% |
| META PLATFORMS INC CL A | 3.25% |
| TAIWAN SEMICONDUCTOR MFG LTD | 3.11% |
| VISA INC | 3.11% |
| UNITED PARCEL SERVICE INC | 2.72% |
This investment list is unaudited and excludes cash.
| Equity | 77.78% | |
| Cash and Equivalents | 13.95% | |
| Fixed Income | 8.27% |
| Security Description | Country | Ticker | Shares/Par | Market Value (USD) |
|---|---|---|---|---|
| ADMIRAL GROUP | US | AMIGY | 33,061 | $1,678,242.48 |
| AERCAP IRELAND CAP DESIGNATED SR GLBL NT 20281029 3.000% | US | 180,000 | $173,035.80 | |
| AIR LIQUIDE | US | AIQUY | 41,811 | $1,642,503.32 |
| AIRBNB INC 4.65 20310316 | US | 200,000 | $197,176.00 | |
| ALEXANDER FDG TR II SR SEC GLBL 20280731 7.467% | US | 190,000 | $197,875.50 | |
| ALPHABET INC CAP STK CL A | US | GOOGL | 22,455 | $7,996,899.15 |
| AMAZON COM INC | US | AMZN | 35,045 | $9,517,521.10 |
| AMETEK INC NEW | US | AME | 13,938 | $3,368,953.98 |
| AMPHENOL CORP NEW | US | APH | 10,501 | $1,687,510.70 |
| APOLLO GLOBAL MGMT INC SR GLBL NT 20350812 5.150% | US | 220,000 | $210,390.40 | |
| APOLLO GLOBAL MGMT INC SR GLBL NT5.7%36 5.7 20360330 | US | 200,000 | $197,338.00 | |
| APPLE INC COM | US | AAPL | 10,037 | $3,100,529.67 |
| APPLIED MATLS INC | US | AMAT | 3,279 | $1,664,649.93 |
| ASML HOLDING N V N Y REGISTRY SHS | US | ASML | 1,998 | $3,254,742.00 |
| ATHENE GLOBAL FDG 5.033 20300717 | US | 190,000 | $187,322.90 | |
| ATLAS COPCO AB | US | ATLKY | 192,017 | $4,047,718.36 |
| ATLAS WHSE LENDING CO LP SR 144A NT 30 4.95 20301115 | US | 290,000 | $283,350.30 | |
| BAE SYS PLC | US | BAESY | 14,988 | $1,689,447.36 |
| BANK AMERICA CORP FR . 20320422 2.687% | US | 350,000 | $313,936.00 | |
| BECLE SAB DE CV SR A NT. 20311014 2.500% | US | 250,000 | $212,560.00 | |
| BLACKROCK INC COM | US | BLK | 3,078 | $3,356,220.42 |
| BLACKSTONE PRIVATE CREDIT FUND 5 YR 5.95 20310515 | US | 190,000 | $186,046.10 | |
| BOOKING HLDGS INC COM | US | BKNG | 8,550 | $1,649,295.00 |
| CADENCE DESIGN SYSTEM INC | US | CDNS | 4,968 | $1,689,219.36 |
| CAMERON LNG LLC SR SEC GLBL 20350115 3.302% | US | 220,000 | $188,434.40 | |
| CAPITAL ONE FINL CORP SR GLBL NT 20340608 6.377% | US | 360,000 | $375,033.60 | |
| CARDINAL HEALTH INC | US | CAH | 7,359 | $1,692,790.77 |
| CBRE GROUP INC | US | CBRE | 22,486 | $3,301,169.66 |
| CENCORA INC COM | US | COR | 5,331 | $1,659,753.54 |
| CENOVUS ENERGY INC SR NT . 20391115 6.750% | US | 260,000 | $280,992.40 | |
| CITIGROUP INC SR GLBL NT 20310911 4.503% | US | 290,000 | $283,370.60 | |
| CITIZENS FINL GROUP INC SUB GLBL NT 20360129 5.299% | US | 190,000 | $186,010.00 | |
| CONSTELLATION SOFTWARE INC SR A NT 20340216 5.461% | US | 290,000 | $279,226.50 | |
| COOPER COS INC COM | US | COO | 46,139 | $3,336,772.48 |
| CORNELL UNIVERSITY GLBL - BD 20300615 4.169% | US | 380,000 | $373,251.20 | |
| CORPORACION NACIONAL DEL COBRE SR A NT 20370130 5.529% | US | 240,000 | $230,208.00 | |
| DEUTSCHE BOERSE ADR | US | DBOEY | 54,768 | $1,652,843.47 |
| DIPLOMA PLC | US | DPMAY | 27,960 | $688,570.92 |
| DUKE ENERGY FLA LLC M GLBL BD. 20380615 6.400% | US | 180,000 | $191,714.40 | |
| EAGLE FDG LUXCO S A R L SR GLBL A 20300817 5.500% | US | 350,000 | $349,387.50 | |
| EAGLE MATLS INC SR GLBL NT 20360315 5.000% | US | 220,000 | $207,490.80 | |
| ELEVANCE HEALTH INC COM | US | ELV | 11,144 | $4,188,360.96 |
| ENERGY TRANSFER L P SR NT . 20420201 6.500% | US | 270,000 | $276,623.10 | |
| EXPERIAN PLC SPONSORED ADR | US | EXPGY | 84,184 | $3,160,772.46 |
| GOLDEN PEAR FUNDING HOLDCO LLC SR A NT 20280302 10.000% | US | 105,000 | $97,828.50 | |
| GRAPHIC PACKAGING HLDG CO | US | GPK | 222,024 | $2,382,317.52 |
| GUARDANT HEALTH INC COM | US | GH | 11,338 | $1,836,642.62 |
| HALMA PLC | US | HALMY | 15,215 | $1,445,577.15 |
| HEICO CORP NEW | US | HEI A | 13,008 | $3,346,698.24 |
| HUNTINGTON BANCSHARES INC GLBL NT . 20300204 2.550% | US | 100,000 | $91,839.00 | |
| ICAHN ENTERPRISES LPCORP SR SEC GLBL 20291115 10.000% | US | 210,000 | $210,346.50 | |
| IMCD GROUP N V | US | IMCDY | 61,298 | $3,342,273.45 |
| JEFFERIES FINANCIAL GROUP INC SR GLBL NT. 20340414 6.200% | US | 370,000 | $373,348.50 | |
| JPMORGAN CHASE n CO SR GLBL NT 20310324 4.493% | US | 380,000 | $373,817.40 | |
| KNIGHT SWIFT TRANSN HLDGS INC CL A | US | KNX | 71,549 | $4,974,801.97 |
| L OREAL CO | US | LRLCY | 46,034 | $4,098,913.39 |
| LAM RESEARCH CORP COM NEW | US | LRCX | 5,445 | $1,595,493.90 |
| MASTERCARD INCORPORATED CL A | US | MA | 12,970 | $7,433,107.00 |
| MCKESSON CORP | US | MCK | 1,903 | $1,629,329.57 |
| MERCADOLIBRE INC | US | MELI | 1,350 | $2,535,232.50 |
| META PLATFORMS INC 5.25 20360515 | US | 430,000 | $412,271.10 | |
| META PLATFORMS INC CL A | US | META | 12,549 | $6,986,153.79 |
| MICROSOFT CORP | US | MSFT | 25,844 | $12,010,223.68 |
| MOLINA HEALTHCARE INC | US | MOH | 21,189 | $4,144,992.18 |
| MONOTARO CO LTD | US | MONOY | 128,556 | $1,617,234.48 |
| MOODYS CORP | US | MCO | 3,483 | $1,666,197.54 |
| MORGAN STANLEY PRIVATE BANK NA 4NC3 4.213 20300208 | US | 200,000 | $196,630.00 | |
| NASDAQ STOCK MARKET INC | US | NDAQ | 17,615 | $1,659,156.85 |
| NATERA INC | US | NTRA | 6,436 | $1,723,303.36 |
| NEWCASTLE COAL INFRASTRUCTURE SR SEC A NT 20270929 4.400% | US | 221,429.75 | $219,354.95 | |
| NU HLDGS LTD | US | NU | 351,110 | $5,031,406.30 |
| NVIDIA CORP | US | NVDA | 63,629 | $12,773,521.75 |
| OPEN INFRA US ASSETS AB (PUBL) 11.0 20270222 | US | 200,000 | $199,611.66 | |
| OXFORD FIN CR FD III -A LP A- . 20320114 6.675% | US | 32,524.51 | $32,714.06 | |
| PALOMINO FDG TR I SR SEC GLBL 20280517 7.233% | US | 210,000 | $217,161.00 | |
| PELORUS FUND REIT LLC CR SEN SR GLBL 20260930 7.000% | US | 190,000 | $189,773.90 | |
| PNC FINL SVCS GROUP INC SR GLBL NT 20310513 4.899% | US | 280,000 | $278,947.20 | |
| ROLLINS INC | US | ROL | 15,480 | $587,775.60 |
| SAFEHOLD OPER PARTNERSHIP LP SR GLBL NT 20320115 2.850% | US | 210,000 | $185,354.40 | |
| SAFEHOLD OPER PARTNERSHIP LP SR GLBL NT. 20340401 6.100% | US | 180,000 | $185,508.00 | |
| SANOFI SPONSORED ADR | US | SNY | 37,024 | $1,594,993.92 |
| SBA TOWER TR - - . 20521115 6.599% | US | 315,000 | $317,674.13 | |
| SERVICENOW INC | US | NOW | 30,567 | $3,399,967.41 |
| SIRIUSPOINT LTD SR GLBL NT 20290405 7.000% | US | 180,000 | $186,771.60 | |
| SPOTIFY TECHNOLOGY S A | US | SPOT | 6,487 | $3,243,110.78 |
| SPRINT CAP CORP MTN BE SR GLBL NT 20320315 8.750% | US | 160,000 | $186,179.20 | |
| TAIWAN SEMICONDUCTOR MFG LTD | US | TSM | 16,530 | $6,682,252.50 |
| TENCENT HLDGS LTD ADR | US | TCEHY | 26,477 | $1,604,506.20 |
| TENET HEALTHCARE CORP COM NEW | US | THC | 19,022 | $4,846,425.16 |
| TJX COS INC | US | TJX | 31,456 | $4,949,287.04 |
| UNITED PARCEL SERVICE INC | US | UPS | 56,176 | $5,854,662.72 |
| UNITED STATES TREAS BDS 20470515 3.000% | US | 3,814,000 | $2,703,782.74 | |
| UNITED STATES TREAS NTS . 20321115 4.125% | US | 8,624,000 | $8,438,066.56 | |
| UNITEDHEALTH GROUP INC | US | UNH | 5,956 | $2,468,166.40 |
| US DOLLARS | US | USD | 34,871,956.56 | $34,871,956.56 |
| VISA INC | US | V | 18,250 | $6,681,872.50 |
| VSP OPPTICAL GROUP INC 1.0 20330601 | US | 190,000 | $187,889.10 | |
| WEST FRASER TIMBER LTD | US | WFG | 37,870 | $2,455,869.50 |
| WEYERHAEUSER CO | US | WY | 69,768 | $1,746,293.04 |
Investments will change over time.
A Word About Risk
All investments involve risks, including possible loss of principal. Because the fund invests 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 the fund will also involve a number of other risks, including issuer-specific risk, foreign investment risk, and small-cap/mid-cap risk. 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.
About The Fund Manager
Manning & Napier Advisors, LLC (Manning & Napier) provides investment advisory services to Exeter Trust Company, Trustee of the Manning & Napier Collective Investment Trust Funds. Manning & Napier is headquartered in Rochester, NY and has more than 50 years of experience managing investment objectives. The Firm’s active management approach focuses on participating in rising markets and, as important, helping to reduce the risk of large losses in sustained bear market periods. A team of investment analysts and professionals make all investment decisions in an effort to provide investors with strong risk-adjusted returns.