# EDGAR Filing Document

**Accession Number:** 0000751173
**File Stem:** 0000940400-25-001987
**Filing Date:** 2025-9
**Character Count:** 90738
**Document Hash:** 714b8279ef79394d701e2baeefe8be47
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-001987.hdr.sgml**: 20250923

**ACCESSION NUMBER**: 0000940400-25-001987

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250923

**DATE AS OF CHANGE**: 20250923

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MANNING & NAPIER FUND, INC.
- **CENTRAL INDEX KEY:** 0000751173

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04087
- **FILM NUMBER:** 251334207

**BUSINESS ADDRESS:**
- **STREET 1:** 290 WOODCLIFF DRIVE
- **CITY:** FAIRPORT
- **STATE:** NY
- **ZIP:** 14450
- **BUSINESS PHONE:** 585-325-6880

**MAIL ADDRESS:**
- **STREET 1:** 290 WOODCLIFF DRIVE
- **CITY:** FAIRPORT
- **STATE:** NY
- **ZIP:** 14450

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MANNING & NAPIER FUND, INC /NY/
- **DATE OF NAME CHANGE:** 20060929

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** EXETER FUND INC /NY/
- **DATE OF NAME CHANGE:** 19980226

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MANNING & NAPIER FUND INC
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Pro-Blend(R) Maximum Term Series (Series ID: S000003640)

| Class ID   | Class Name                               | Ticker Symbol   |
|:---|:---|:---|
| C000010114 | Pro-Blend(R) Maximum Term Series Class L | MNHCX           |
| C000010116 | Pro-Blend(R) Maximum Term Series Class R | MNHRX           |
| C000010118 | Pro-Blend(R) Maximum Term Series Class S | EXHAX           |
| C000059955 | Pro-Blend(R) Maximum Term Series Class I | MNHIX           |
| C000206458 | Class W                                  | MNHWX           |

## Nport-Ex

**Investment Portfolio - July 31, 2025**

(unaudited)

---

| | | |
|:---|:---|:---|
| PRO-BLEND<sup>®</sup> MAXIMUM TERM SERIES | SHARES/ <br> PRINCIPAL <br> AMOUNT<sup>1</sup>  | VALUE |
| **COMMON STOCKS - 86.5%** |  |  |
| **Communication Services - 4.9%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Interactive Media & Services - 4.9%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Alphabet, Inc. - Class A | 59504 | $11418818 |
| &nbsp;&nbsp;&nbsp;&nbsp;Meta Platforms, Inc. - Class A | 14575 | 11272888 |
| **Total Communication Services** |  | 22691706 |
| **Consumer Discretionary - 10.9%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Automobiles - 1.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Ferrari N.V. (Italy) | 11255 | 4990354 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Broadline Retail - 4.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Amazon.com, Inc.<sup>\*</sup> | 70353 | 16470341 |
| &nbsp;&nbsp;&nbsp;&nbsp;MercadoLibre, Inc. (Brazil)<sup>\*</sup> | 1199 | 2846294 |
|  |  | 19316635 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Hotels, Restaurants & Leisure - 1.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Chipotle Mexican Grill, Inc.<sup>\*</sup> | 116052 | 4976310 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Household Durables - 1.9%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Persimmon plc - ADR (United Kingdom). | 145268 | 4420505 |
| &nbsp;&nbsp;&nbsp;&nbsp;Taylor Wimpey plc - ADR (United Kingdom) | 325629 | 4395992 |
|  |  | 8816497 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Specialty Retail - 0.8%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;The TJX Companies, Inc. | 29484 | 3671642 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Textiles, Apparel & Luxury Goods - 1.8%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Hermes International SCA - ADR (France) | 34738 | 8521926 |
| **Total Consumer Discretionary** |  | 50293364 |
| **Consumer Staples - 2.6%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Beverages - 1.9%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;The Coca-Cola Co. | 128794 | 8743825 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Personal Care Products - 0.7%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;L'Oreal S.A. - ADR (France) | 36302 | 3213816 |
| **Total Consumer Staples** |  | 11957641 |
| **Financials - 14.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Banks - 2.7%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;HDFC Bank Ltd. - ADR (India) | 67635 | 5192339 |
| &nbsp;&nbsp;&nbsp;&nbsp;JPMorgan Chase & Co. | 12357 | 3660638 |
| &nbsp;&nbsp;&nbsp;&nbsp;NU Holdings Ltd. - Class A (Brazil)<sup>\*</sup> | 281632 | 3441543 |
|  |  | 12294520 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Capital Markets - 6.8%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;BlackRock, Inc. | 6513 | 7203443 |
| &nbsp;&nbsp;&nbsp;&nbsp;Deutsche Boerse AG - ADR (Germany) | 101264 | 2924504 |
| &nbsp;&nbsp;&nbsp;&nbsp;Intercontinental Exchange, Inc. | 17897 | 3307903 |
| &nbsp;&nbsp;&nbsp;&nbsp;Moody's Corp. | 15096 | 7785460 |
| &nbsp;&nbsp;&nbsp;&nbsp;Nasdaq, Inc. | 44051 | 4238587 |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P Global, Inc. | 10627 | 5856540 |
|  |  | 31316437 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Financial Services - 4.5%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Mastercard, Inc. - Class A | 20021 | 11341296 |

---

---

| | | |
|:---|:---|:---|
|  | SHARES/ <br> PRINCIPAL <br> AMOUNT<sup>1</sup>  | VALUE |
| **COMMON STOCKS** (continued) |  |  |
| **Financials** (continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Financial Services** (continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Visa, Inc. - Class A | 28016 | $9678687 |
|  |  | 21019983 |
| **Total Financials** |  | 64630940 |
| **Health Care - 11.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Biotechnology - 1.0%** |  |  |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;Vertex Pharmaceuticals, Inc.<sup>\*</sup> | 9730 | 4445345 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Health Care Equipment & Supplies - 1.5%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Intuitive Surgical, Inc.<sup>\*</sup> | 13920.0 | 6696773 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Health Care Providers & Services - 1.8%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;UnitedHealth Group, Inc. | 34173.0 | 8528214 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Life Sciences Tools & Services - 2.4%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Lonza Group AG - ADR (Switzerland) | 51405.0 | 3585499 |
| &nbsp;&nbsp;&nbsp;&nbsp;Thermo Fisher Scientific, Inc. | 16013.0 | 7488960 |
|  |  | 11074459 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Pharmaceuticals - 4.4%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;AstraZeneca plc - ADR (United Kingdom) | 168282.0 | 12299731 |
| &nbsp;&nbsp;&nbsp;&nbsp;Roche Holding AG - ADR | 126048.0 | 4904528 |
| &nbsp;&nbsp;&nbsp;&nbsp;Zoetis, Inc. | 21504.0 | 3135068 |
|  |  | 20339327 |
| **Total Health Care** |  | 51084118 |
| **Industrials - 12.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Aerospace & Defense - 3.6%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;BAE Systems plc - ADR (United Kingdom) | 20600.0 | 1969669 |
| &nbsp;&nbsp;&nbsp;&nbsp;HEICO Corp. - Class A | 20905.0 | 5395371 |
| &nbsp;&nbsp;&nbsp;&nbsp;L3Harris Technologies, Inc. | 34633.0 | 9517841 |
|  |  | 16882881 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Air Freight & Logistics - 2.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Deutsche Post AG - ADR (Germany) | 221421.0 | 9966159 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Commercial Services & Supplies - 0.9%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Rollins, Inc. | 69996.0 | 4008671 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Ground Transportation - 3.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Canadian National Railway Co. (Canada) | 51458.0 | 4808750 |
| &nbsp;&nbsp;&nbsp;&nbsp;Canadian Pacific Kansas City Ltd. (Canada) | 42233.0 | 3106237 |
| &nbsp;&nbsp;&nbsp;&nbsp;CSX Corp. | 112869.0 | 4011364 |
| &nbsp;&nbsp;&nbsp;&nbsp;Union Pacific Corp. | 11890.0 | 2639224 |
|  |  | 14565575 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Professional Services - 2.4%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Experian plc - ADR | 59951.0 | 3169010 |
| &nbsp;&nbsp;&nbsp;&nbsp;TransUnion | 81841.0 | 7790445 |
|  |  | 10959455 |
| **Total Industrials** |  | 56382741 |

---

**1** 

**Investment Portfolio - July 31, 2025**

(unaudited)

---

| | | |
|:---|:---|:---|
| PRO-BLEND<sup>®</sup> MAXIMUM TERM SERIES | SHARES/ <br> PRINCIPAL <br> AMOUNT<sup>1</sup>  | VALUE |
| **COMMON STOCKS** (continued) |  |  |
| **Information Technology - 22.6%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Electronic Equipment, Instruments & Components - 2.3%** | &nbsp;&nbsp;&nbsp;&nbsp;**Electronic Equipment, Instruments & Components - 2.3%** | &nbsp;&nbsp;&nbsp;&nbsp;**Electronic Equipment, Instruments & Components - 2.3%** |
| &nbsp;&nbsp;&nbsp;&nbsp;Amphenol Corp. - Class A | 37891 | $4035770 |
| &nbsp;&nbsp;&nbsp;&nbsp;CDW Corp. | 17615 | 3071704 |
| &nbsp;&nbsp;&nbsp;&nbsp;Halma plc - ADR (United Kingdom) | 39519 | 3445662 |
|  |  | 10553136 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Semiconductors & Semiconductor Equipment - 5.9%** | &nbsp;&nbsp;&nbsp;&nbsp;**Semiconductors & Semiconductor Equipment - 5.9%** | &nbsp;&nbsp;&nbsp;&nbsp;**Semiconductors & Semiconductor Equipment - 5.9%** |
| &nbsp;&nbsp;&nbsp;&nbsp;Infineon Technologies AG - ADR (Germany) | 184594 | 7258236 |
| &nbsp;&nbsp;&nbsp;&nbsp;NVIDIA Corp. | 66508 | 11829778 |
| &nbsp;&nbsp;&nbsp;&nbsp;Taiwan Semiconductor Manufacturing Co. Ltd. - ADR (Taiwan) | 34409 | 8313903 |
|  |  | 27401917 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Software - 14.4%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Atlassian Corp. - Class A<sup>\*</sup> | 38039 | 7295120 |
| &nbsp;&nbsp;&nbsp;&nbsp;Cadence Design Systems, Inc.<sup>\*</sup> | 34715 | 12656048 |
| &nbsp;&nbsp;&nbsp;&nbsp;Clearwater Analytics Holdings, Inc. - Class A<sup>\*</sup> | 155878 | 3158088 |
| &nbsp;&nbsp;&nbsp;&nbsp;Microsoft Corp. | 30780 | 16421130 |
| &nbsp;&nbsp;&nbsp;&nbsp;Salesforce, Inc. | 10840 | 2800297 |
| &nbsp;&nbsp;&nbsp;&nbsp;ServiceNow, Inc.<sup>\*</sup> | 11261 | 10620474 |
| &nbsp;&nbsp;&nbsp;&nbsp;Synopsys, Inc.<sup>\*</sup> | 12324 | 7806884 |
| &nbsp;&nbsp;&nbsp;&nbsp;Workday, Inc. - Class A<sup>\*</sup> | 24719 | 5670044 |
|  |  | 66428085 |
| **Total Information Technology** |  | 104383138 |
| **Materials - 5.3%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Chemicals - 4.7%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Air Liquide S.A. - ADR (France) | 222153 | 8752828 |
| &nbsp;&nbsp;&nbsp;&nbsp;Albemarle Corp. | 44336 | 3008198 |
| &nbsp;&nbsp;&nbsp;&nbsp;The Sherwin-Williams Co. | 11308 | 3741591 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sociedad Quimica y Minera de Chile S.A. - ADR (Chile)<sup>\*</sup> | 176912 | 6501516 |
|  |  | 22004133 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Paper & Forest Products - 0.6%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;West Fraser Timber Co. Ltd. (Canada) | 38676 | 2680633 |
| **Total Materials** |  | 24684766 |
| **Real Estate - 2.9%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Real Estate Management & Development - 2.3%** | &nbsp;&nbsp;&nbsp;&nbsp;**Real Estate Management & Development - 2.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;CBRE Group, Inc. - Class A<sup>\*</sup> | 66955 | 10427572 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Specialized REITs - 0.6%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Extra Space Storage, Inc. | 20385 | 2738928 |
| **Total Real Estate** |  | 13166500 |
| **TOTAL COMMON STOCKS** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Identified Cost $318,567,553) |  | **399274914** |

---

---

| | | |
|:---|:---|:---|
|  | SHARES/ <br> PRINCIPAL <br> AMOUNT<sup>1</sup>  | VALUE |
| **CORPORATE BONDS - 3.9%** |  |  |
| **Non-Convertible Corporate Bonds- 3.9%** |  |  |
| **Communication Services - 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Entertainment - 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;The Walt Disney Co., 6.65%, 11/15/2037 | 315000 | $357484 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Media - 0.0%##** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Open Infra U.S. Assets AB, 11.00%, 2/22/2027 | 200000 | 193497 |
| **Total Communication Services** |  | 550981 |
| **Consumer Discretionary - 0.3%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Broadline Retail - 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Alibaba Group Holding Ltd. (China), |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.00%, 12/6/2037 | 900000 | 803307 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Household Durables - 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;DR Horton, Inc., 4.85%, 10/15/2030 | 390000 | 392131 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Specialty Retail - 0.0%##** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Ross Stores, Inc., 1.875%, 4/15/2031 | 130000 | 111348 |
| **Total Consumer Discretionary** |  | 1306786 |
| **Energy - 0.5%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Energy Equipment & Services - 0.0%##** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Borr IHC Ltd. - Borr Finance LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Mexico), 10.00%, 11/15/2028<sup>2</sup> | 186951 | 179144 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Oil, Gas & Consumable Fuels - 0.5%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Brooge Petroleum and Gas Investment Co. FZE (United Arab Emirates), 8.50%, 9/24/2025 (Acquired 09/10/2020-09/01/2023, cost $184,042)<sup>3</sup> | 203589 | 183234 |
| &nbsp;&nbsp;&nbsp;&nbsp;Cenovus Energy, Inc. (Canada), 6.75%, 11/15/2039 | 560000 | 598540 |
| &nbsp;&nbsp;&nbsp;&nbsp;Energy Transfer LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.375%, 2/1/2031<sup>2</sup> | 370000 | 387014 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.50%, 2/1/2042 | 580000 | 604572 |
| &nbsp;&nbsp;&nbsp;&nbsp;Kinder Morgan, Inc., 4.80%, 2/1/2033 | 315000 | 309778 |
| &nbsp;&nbsp;&nbsp;&nbsp;New Fortress Energy, Inc., 8.75%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3/15/2029 (Acquired 03/05/2024-03/06/2024, cost $230,731)<sup>3</sup> | 230000 | 53673 |
|  |  | 2136811 |
| **Total Energy** |  | 2315955 |
| **Financials - 2.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Banks - 1.3%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Bank of America Corp., (U.S. Secured Overnight Financing Rate + 1.320%), 2.687%, 4/22/2032<sup>4</sup> | 660000 | 591820 |
| &nbsp;&nbsp;&nbsp;&nbsp;Citigroup, Inc., (U.S. Secured Overnight Financing Rate + 0.770%), 1.462%, 6/9/2027<sup>4</sup> | 600000 | 583667 |
| &nbsp;&nbsp;&nbsp;&nbsp;Citizens Bank NA, (U.S. Secured Overnight Financing Rate + 2.000%), 4.575%, 8/9/2028<sup>4</sup> | 500000 | 499657 |

---

**2** 

**Investment Portfolio - July 31, 2025**

(unaudited)

---

| | | |
|:---|:---|:---|
| PRO-BLEND<sup>®</sup> MAXIMUM TERM SERIES | SHARES/ <br> PRINCIPAL <br> AMOUNT<sup>1</sup>  | VALUE |
| **CORPORATE BONDS** (continued) |  |  |
| **Non-Convertible Corporate Bonds** (continued) |  |  |
| **Financials** (continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Banks** (continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Fifth Third Bancorp, (U.S. Secured Overnight Financing Index + 2.192%), 6.361%, 10/27/2028<sup>4</sup> | 150000 | $155918 |
| &nbsp;&nbsp;&nbsp;&nbsp;Huntington Bancshares, Inc., 2.55%, 2/4/2030 | 440000 | 402543 |
| &nbsp;&nbsp;&nbsp;&nbsp;JPMorgan Chase & Co., (3 mo. U.S. Secured Overnight Financing Rate + 3.790%), 4.493%, 3/24/2031<sup>4</sup> | 990000 | 987063 |
| &nbsp;&nbsp;&nbsp;&nbsp;KeyBank NA, 5.85%, 11/15/2027 | 480000 | 493440 |
| &nbsp;&nbsp;&nbsp;&nbsp;The PNC Financial Services Group, Inc., (U.S. Secured Overnight Financing Rate + 1.333%), 4.899%, 5/13/2031<sup>4</sup> | 600000 | 606541 |
| &nbsp;&nbsp;&nbsp;&nbsp;Truist Financial Corp., (U.S. Secured Overnight Financing Rate + 0.862%), 1.887%, 6/7/2029<sup>4</sup> | 640000 | 595612 |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. Bancorp, (U.S. Secured Overnight Financing Rate + 1.230%), 4.653%, 2/1/2029<sup>4</sup>. | 580000 | 582838 |
| &nbsp;&nbsp;&nbsp;&nbsp;Wells Fargo & Co., (U.S. Secured Overnight Financing Rate + 1.070%), 5.707%, 4/22/2028<sup>4</sup> | 570000 | 581075 |
|  |  | 6080174 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Capital Markets - 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;The Depository Trust & Clearing Corp., (5 yr. U.S. Treasury Yield Curve Rate T Note Constant Maturity + 2.606%), 3.375%<sup>2,4,5</sup> | 250000 | 242140 |
| &nbsp;&nbsp;&nbsp;&nbsp;Icahn Enterprises LP - Icahn Enterprises Finance Corp., 10.00%, 11/15/2029<sup>2</sup> | 240000 | 243029 |
| &nbsp;&nbsp;&nbsp;&nbsp;Jefferies Financial Group, Inc., 6.20%, 4/14/2034 | 580000 | 605792 |
|  |  | 1090961 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Consumer Finance - 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Capital One Financial Corp., (U.S. Secured Overnight Financing Rate + 2.860%), 6.377%, 6/8/2034<sup>4</sup> | 830000 | 884850 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Financial Services - 0.0%##** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Golden Pear Funding HoldCo LLC, 10.00%, 3/2/2028 | 135000 | 138972 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Insurance - 0.3%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;MassMutual Global Funding II, 4.85%, 1/17/2029<sup>2</sup> | 250000 | 253385 |
| &nbsp;&nbsp;&nbsp;&nbsp;Metropolitan Life Global Funding I, 4.85%, 1/8/2029<sup>2</sup> | 250000 | 254130 |
| &nbsp;&nbsp;&nbsp;&nbsp;New York Life Global Funding, 4.70%, 1/29/2029<sup>2</sup> | 190000 | 192080 |
| &nbsp;&nbsp;&nbsp;&nbsp;SiriusPoint Ltd. (Sweden), 7.00%, 4/5/2029 | 380000 | 398425 |
|  |  | 1098020 |
| **Total Financials** |  | 9292977 |

---

---

| | | |
|:---|:---|:---|
|  | SHARES/ <br> PRINCIPAL <br> AMOUNT<sup>1</sup>  | VALUE |
| **CORPORATE BONDS** (continued) |  |  |
| **Non-Convertible Corporate Bonds** (continued) |  |  |
| **Industrials - 0.3%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Ground Transportation - 0.0%##** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;BNSF Funding Trust I, (3 mo. CME Term |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Secured Overnight Financing |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rate + 2.350%), 6.613%, 12/15/2055<sup>4</sup> | 140000 | $140461 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Passenger Airlines - 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Alaska Airlines Pass-Through Trust, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2020-1, Class B, 8.00%, 8/15/2025<sup>2</sup> | 22436 | 22461 |
| &nbsp;&nbsp;&nbsp;&nbsp;United Airlines Pass-Through Trust,<br> Series 2018-1, Class B, 4.60%, 3/1/2026 | 23662 | 23218 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2019-2, Class B, 3.50%, 5/1/2028 | 162775 | 157714 |
|  |  | 203393 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Trading Companies & Distributors - 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;AerCap Ireland Capital DAC - AerCap Global Aviation Trust (Ireland), 3.00%, 10/29/2028 | 410000 | 390221 |
| &nbsp;&nbsp;&nbsp;&nbsp;Ashtead Capital, Inc. (United Kingdom), 4.00%, 5/1/2028<sup>2</sup> | 540000 | 529495 |
|  |  | 919716 |
| **Total Industrials** |  | 1263570 |
| **Materials - 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Metals & Mining - 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;ACG Holdco 1 Ltd. (United Kingdom), 14.75%, 1/13/2029 | 200000 | 214753 |
| &nbsp;&nbsp;&nbsp;&nbsp;Newcastle Coal Infrastructure Group Pty Ltd. (Australia), 4.40%, 9/29/2027<sup>2</sup> | 340132 | 335235 |
| &nbsp;&nbsp;&nbsp;&nbsp;Northwest Acquisitions ULC - Dominion Finco, Inc., 7.125%, 11/1/2022 (Acquired 10/10/2017-09/18/2020, cost $44,437)<sup>3,6</sup> | 220000 | 2 |
| **Total Materials** |  | 549990 |
| **Real Estate - 0.4%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Industrial REITs - 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;IIP Operating Partnership LP, 5.50%, 5/25/2026 | 230000 | 224609 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Retail REITs - 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Simon Property Group LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.25%, 1/15/2032 | 180000 | 155118 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.65%, 2/1/2032 | 406000 | 357994 |
|  |  | 513112 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Specialized REITs - 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Pelorus Fund REIT LLC, 7.00%, 9/30/2026 (Acquired 07/08/2022, cost $208,250)<sup>3</sup> | 245000 | 244427 |
| &nbsp;&nbsp;&nbsp;&nbsp;Safehold GL Holdings LLC, 6.10%, 4/1/2034 | 417000 | 435795 |

---

**3** 

**Investment Portfolio - July 31, 2025**

(unaudited)

---

| | | | |
|:---|:---|:---|:---|
| PRO-BLEND<sup>®</sup> MAXIMUM TERM SERIES | SHARES/ <br> PRINCIPAL <br> AMOUNT<sup>1</sup>  | VALUE | VALUE |
| **CORPORATE BONDS** (continued) |  |  |  |
| **Non-Convertible Corporate Bonds** (continued) |  |  |  |
| **Real Estate** (continued) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Specialized REITs** (continued) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;SBA Tower Trust, 6.599%, 1/15/2028<sup>2</sup> | 405000 | $| 415247 |
|  |  |  | 1095469 |
| **Total Real Estate** |  |  | 1833190 |
| **Utilities - 0.2%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Electric Utilities - 0.1%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Alexander Funding Trust II, 7.467%, 7/31/2028<sup>2</sup> | 370000 |  | 393893 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Independent Power and Renewable Electricity Producers - 0.1%** | &nbsp;&nbsp;&nbsp;&nbsp;**Independent Power and Renewable Electricity Producers - 0.1%** | &nbsp;&nbsp;&nbsp;&nbsp;**Independent Power and Renewable Electricity Producers - 0.1%** | &nbsp;&nbsp;&nbsp;&nbsp;**Independent Power and Renewable Electricity Producers - 0.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp;Palomino Funding Trust I, 7.233%, 5/17/2028<sup>2</sup> | 640000 |  | 676311 |
| **Total Utilities** |  |  | 1070204 |
| &nbsp;&nbsp;&nbsp;&nbsp;**TOTAL CORPORATE BONDS** <br> (Identified Cost $18,085,931)  |  |  | **18183653** |
| **U.S. TREASURY SECURITIES - 6.4%** |  |  |  |
| **U.S. Treasury Bonds - 2.1%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Bond |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.375%, 2/15/2042 | 6496000 |  | 4677120 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.00%, 5/15/2047 | 6891000 |  | 5100416 |
| **Total U.S. Treasury Bonds** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Identified Cost $10,129,100) |  |  | 9777536 |
| **U.S. Treasury Notes - 4.3%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Note |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.25%, 11/15/2027 | 4867000 |  | 4690571 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.375%, 11/15/2031 | 12068000 |  | 10262514 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.25%, 11/15/2034 | 4658000 |  | 4628888 |
| **Total U.S. Treasury Notes** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Identified Cost $19,395,431) |  |  | 19581973 |
| &nbsp;&nbsp;&nbsp;&nbsp;**TOTAL U.S. TREASURY SECURITIES** <br> (Identified Cost $29,524,531)  |  |  | **29359509** |
| **ASSET-BACKED SECURITIES - 0.0%##** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Commonbond Student Loan Trust, Series 2019-AGS, Class A1, 2.54%, 1/25/2047<sup>2</sup> | 3447 |  | 3148 |
| &nbsp;&nbsp;&nbsp;&nbsp;Nelnet Student Loan Trust, Series 2012-3A, Class A, (U.S. Secured Overnight Financing Rate 30 Day Average + 0.814%), 5.164%, 3/26/2040<sup>2,7</sup> | 5379 |  | 5345 |
| &nbsp;&nbsp;&nbsp;&nbsp;Oxford Finance Credit Fund III LP, Series 2024-A, Class A2, 6.675%, 1/14/2032<sup>2</sup> | 50000 |  | 50461 |
| &nbsp;&nbsp;&nbsp;&nbsp;**TOTAL ASSET-BACKED SECURITIES** <br> (Identified Cost $58,851)  |  |  | **58954** |

---

---

| | | |
|:---|:---|:---|
|  | SHARES/ <br> PRINCIPAL <br> AMOUNT<sup>1</sup>  | VALUE |
| **COMMERCIAL MORTGAGE-BACKED SECURITIES - 0.0%##** | **COMMERCIAL MORTGAGE-BACKED SECURITIES - 0.0%##** | **COMMERCIAL MORTGAGE-BACKED SECURITIES - 0.0%##** |
| &nbsp;&nbsp;&nbsp;&nbsp;CIM Trust, Series 2019-INV1, Class A1, 4.00%, 2/25/2049<sup>2,8</sup> | 207 | $196 |
| &nbsp;&nbsp;&nbsp;&nbsp;Credit Suisse Mortgage Capital Trust <br> Series 2013-IVR3, Class A1, 2.50%, 5/25/2043<sup>2,8</sup> | 1682 | 1492 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2014-IVR3, Class A1, 3.50%, 7/25/2044<sup>2,8</sup> | 2097 | 1950 |
| &nbsp;&nbsp;&nbsp;&nbsp;Government National Mortgage Association, <br> Series 2017-54, Class AH, 2.60%, 12/16/2056 | 2033 | 1864 |
| &nbsp;&nbsp;&nbsp;&nbsp;JP Morgan Mortgage Trust <br> Series 2014-2, Class 1A1, 3.00%, 6/25/2029<sup>2,8</sup> | 764 | 749 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2017-2, Class A3, 3.50%, 5/25/2047<sup>2,8</sup> | 4514 | 3971 |
| &nbsp;&nbsp;&nbsp;&nbsp;New Residential Mortgage Loan Trust <br> Series 2014-3A, Class AFX3, 3.75%, 11/25/2054<sup>2,8</sup> | 1619 | 1549 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2015-2A, Class A1, 3.75%, 8/25/2055<sup>2,8</sup> | 2159 | 2084 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2016-4A, Class A1, 3.75%, 11/25/2056<sup>2,8</sup> | 2343 | 2233 |
| &nbsp;&nbsp;&nbsp;&nbsp;PMT Loan Trust, Series 2013-J1, Class A9, 3.50%, 9/25/2043<sup>2,8</sup> | 2785 | 2558 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sequoia Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2013-2, Class A, 1.874%, 2/25/2043<sup>8</sup> | 947 | 814 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2013-6, Class A2, 3.00%, 5/25/2043<sup>8</sup> | 2842 | 2545 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2013-8, Class A1, 3.00%, 6/25/2043<sup>8</sup> | 1269 | 1140 |
| &nbsp;&nbsp;&nbsp;&nbsp;Starwood Retail Property Trust, Series 2014-STAR, Class A, (Prime Rate + 0.000%), 7.50%, 11/15/2027<sup>2,7</sup> | 13770 | 7362 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sutherland Commercial Mortgage Trust, <br> Series 2019-SBC8, Class A, 2.86%, 4/25/2041<sup>2,8</sup> | 5815 | 5522 |
| &nbsp;&nbsp;&nbsp;&nbsp;Towd Point Mortgage Trust, Series 2019-HY1, Class A1, (1 mo. U.S. Secured Overnight Financing Rate + 1.114%), 5.467%, 10/25/2048<sup>2,7</sup> | 1836 | 1838 |
| **TOTAL COMMERCIAL MORTGAGE-BACKED SECURITIES** | **TOTAL COMMERCIAL MORTGAGE-BACKED SECURITIES** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Identified Cost $46,991) |  | **37867** |
| **FOREIGN GOVERNMENT BONDS - 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Eagle Funding Luxco S.A.R.L (Mexico), 5.50%, 8/17/2030 <br> (Identified Cost $508,715) | 510000 | **513415** |

---

**4** 

**Investment Portfolio - July 31, 2025**

(unaudited)

---

| | | |
|:---|:---|:---|
| PRO-BLEND<sup>®</sup> MAXIMUM TERM SERIES | SHARES/ <br> PRINCIPAL <br> AMOUNT<sup>1</sup>  | VALUE |
| **U.S. GOVERNMENT AGENCIES - 0.0%##** |  |  |
| **Mortgage-Backed Securities - 0.0%##** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Fannie Mae |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pool #MA1834, UMBS, 4.50%, 2/1/2034 | 2497 | $2485 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pool #AD0207, UMBS, 6.00%, 10/1/2038 | 2676 | 2800 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pool #MA0258, UMBS, 4.50%, 12/1/2039 | 1844 | 1823 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pool #AL8674, 5.628%, 1/1/2049 | 6366 | 6567 |
| &nbsp;&nbsp;&nbsp;&nbsp;Freddie Mac |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pool #C91762, 4.50%, 5/1/2034 | 1597 | 1591 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pool #C91771, 4.50%, 6/1/2034 | 1595 | 1589 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pool #C91780, 4.50%, 7/1/2034 | 1846 | 1840 |
| **TOTAL U.S. GOVERNMENT AGENCIES** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Identified Cost $20,162) |  | **18695** |
| **SHORT-TERM INVESTMENT - 3.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Dreyfus Government Cash Management, Institutional Shares, 4.20%<sup>9</sup> |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Identified Cost $14,715,246) | 14715246 | **14715246** |
| &nbsp;&nbsp;&nbsp;&nbsp;**TOTAL INVESTMENTS - 100.1%** |  | **462162253** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Identified Cost $381,527,980) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**LIABILITIES, LESS OTHER ASSETS - (0.1%)** |  | **(489551)** |
| &nbsp;&nbsp;&nbsp;&nbsp;**NET ASSETS - 100%** |  | $**461672702** |

---

ADR - American Depositary Receipt

REIT - Real Estate Investment Trust

UMBS - Uniform Mortgage-Backed Securities

\*Non-income producing security.

## Less than 0.1%.

<sup>1</sup>Amount is stated in USD unless otherwise noted.

<sup>2</sup>Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the "1933 Act") and determined to be liquid under the Fund's Liquidity Risk Management Program. The security may be resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. The aggregate value of these securities at July 31, 2025 was $4,727,437, which represented 1.0% of the Series' Net Assets.

<sup>3</sup>Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the "1933 Act") and determined to be illiquid under the Fund's Liquidity Risk Management Program. The security may be resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. The aggregate value of such securities at July 31, 2025 was $481,336, or 0.1% of the Series' Net Assets.

<sup>4</sup>Variable rate security. Security may be issued at a fixed coupon rate, which converts to a variable rate at a specified date. Rate shown is the rate in effect as of July 31, 2025. 

<sup>5</sup>Security is perpetual in nature and has no stated maturity date.

<sup>6</sup>Issuer filed for bankruptcy and/or is in default of interest payments.

<sup>7</sup>Floating rate security. Rate shown is the rate in effect as of July 31, 2025.

<sup>8</sup>Variable or floating rate security, the interest rate of which adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. Rate shown is the rate in effect as of July 31, 2025.

<sup>9</sup>Rate shown is the current yield as of July 31, 2025.

The Global Industry Classification Standard (GICS) was developed by and is the exclusive property and a service mark of MSCI Inc. (MSCI) and Standard & Poor's, a division of S&P Global Inc. (S&P), and is licensed for use by Manning & Napier when referencing GICS sectors. Neither MSCI, S&P, nor any third party involved in making or compiling the GICS or any GICS classifications makes any express or implied warranties or representations with respect to such standard or classification, nor shall any such party have any liability therefrom.

**5** 

**Investment Portfolio - July 31, 2025**

(unaudited)

**Fair Value Information:**

GAAP establishes the following fair value hierarchy that categorizes the inputs used to measure fair value. Level 1 includes quoted prices (unadjusted) in active markets for identical financial instruments that the Series' can access at the reporting date. Level 2 includes other significant observable inputs (including, but not limited to, quoted prices for similar financial instruments in active markets, quoted prices for identical or similar financial instruments in inactive markets, interest rates and yield curves, implied volatilities, and credit spreads). Level 3 includes unobservable inputs (including the Valuation Designee's own assumptions in determining fair value). A financial instrument's level within the fair value hierarchy is based on the lowest level of any input both individually and in aggregate that is significant to the fair value measurement. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the valuation levels used for major security types as of July 31, 2025 in valuing the Series' assets or liabilities carried at fair value:

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;DESCRIPTION | TOTAL | LEVEL 1 | LEVEL 2 | LEVEL 3 |
| &nbsp;&nbsp;&nbsp;Assets: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Equity securities: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Communication Services | $22691706 | $22691706 | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consumer Discretionary | 50293364 | 50293364 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consumer Staples | 11957641 | 11957641 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financials | 64630940 | 64630940 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Health Care | 51084118 | 51084118 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Industrials | 56382741 | 56382741 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Information Technology | 104383138 | 104383138 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Materials | 24684766 | 24684766 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Real Estate | 13166500 | 13166500 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Debt securities: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury and other U.S. |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Government agencies | 29378204 |  | 29378204 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Corporate debt: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Communication Services | 550981 |  | 550981 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consumer Discretionary | 1306786 |  | 1306786 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Energy | 2315955 |  | 2315955 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financials | 9292977 |  | 9292977 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Industrials | 1263570 |  | 1263570 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Materials | 549990 |  | 549990 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Real Estate | 1833190 |  | 1833190 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Utilities | 1070204 |  | 1070204 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asset-backed securities | 58954 |  | 58954 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial mortgage-backed securities | 37867 |  | 37867 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Foreign government bonds | 513415 |  | 513415 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Short-Term Investment | 14715246 | 14715246 |  |  |
| &nbsp;&nbsp;&nbsp;Total assets | $462162253 | $413990160 | $48172093 | $— |

---

There were no Level 3 securities held by the Series as of October 31, 2024 or July 31, 2025.

The Investment Portfolio should be read in conjunction with the financial statements and notes to financial statements, which are included in the Series' audited annual report or unaudited semi-annual report. These reports include additional information about the Series' security valuation policies and about certain security types invested in by the Series.

**6**

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Manning & Napier Fund, Inc.

- **b. Investment Company Act file number:** 811-04087

- **c. CIK number of Registrant:** 0000751173

- **d. LEI of Registrant:** 549300B31SDCBSJSN672

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 290 Woodcliff Drive

  - **City:** Fairport

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 14450

  - **Telephone number:** 585-325-6880

**Item A.2. Information about the Series.**

- **a. Name of Series:** Pro-Blend Maximum Term Series

- **b. EDGAR series identifier (if any):** S000003640

- **c. LEI of Series:** 5493008VB3TZW423I059

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-07-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $463033347.94

**Total Liabilities:** $1188825.23

**Net Assets:** $461844522.71

**Delayed Delivery Securities:** $508714.80

**Cash Not Reported:** $3099460.65

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000059955 | 3.97%                | 3.66%                | -0.41%               |
| Class ID C000010118 | 3.95%                | 3.65%                | -0.45%               |
| Class ID C000206458 | 4.06%                | 3.70%                | -0.37%               |
| Class ID C000010114 | 3.89%                | 3.55%                | -0.50%               |
| Class ID C000010116 | 3.94%                | 3.60%                | -0.45%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $798982.63               | $15817535.39                               |
| Month 2  | $1127411.35              | $15155284.98                               |
| Month 3  | $6263474.25              | $-8200427.48                               |

### Schedule of Portfolio Investments

| Name                               | Title                                                     | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| NEW FORTRESS ENERGY INC            | New Fortress Energy Inc                                   | CUSIP: 644393AC4<br>LEI: 254900EICTYTCHA5X705 | Long             | DBT              | CORP              | US        |    230000 | PA      | $53672.69     | 0.01%             | 2029-03-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Chipotle Mexican Grill Inc         | Chipotle Mexican Grill Inc                                | CUSIP: 169656105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    116052 | NS      | $4976309.76   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA           | AerCap Ireland Capital DAC / AerCap Global Aviation Trust | CUSIP: 00774MAW5<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    410000 | PA      | $390220.62    | 0.08%             | 2028-10-29      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CIM Trust                          | CIM Trust 2019-INV1                                       | CUSIP: 12555DAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       207 | PA      | $195.75       | 0.00%             | 2049-02-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust       | CSMC Trust 2013-IVR3                                      | CUSIP: 12646XAH5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1682 | PA      | $1492.28      | 0.00%             | 2043-05-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co                | JPMorgan Chase & Co                                       | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     12357 | NS      | $3660637.68   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                     | Microsoft Corp                                            | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     30780 | NS      | $16421130.00  | 3.56%             |  |  |  | No            |                  1 | On Loan: No      |
| TJX Cos Inc/The                    | TJX Cos Inc/The                                           | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |     29484 | NS      | $3671642.52   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| US TREASURY N/B                    | United States Treasury Note/Bond                          | CUSIP: 91282CDJ7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12068000 | PA      | $10262514.06  | 2.22%             | 2031-11-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| Salesforce Inc                     | Salesforce Inc                                            | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |     10840 | NS      | $2800297.20   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corp                      | Amphenol Corp                                             | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |     37891 | NS      | $4035770.41   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| TSMC                               | Taiwan Semiconductor Manufacturing Co Ltd                 | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |     34409 | NS      | $8313902.58   | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Sociedad Quimica y Minera de C     | Sociedad Quimica y Minera de Chile SA                     | CUSIP: 833635105<br>LEI: TJ88LXZZW5PWIN93ZC81 | Long             | EC               | CORP              | CL        |    176912 | NS      | $6501516.00   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| SAFEHOLD GL HOLDINGS LLC           | Safehold GL Holdings LLC                                  | CUSIP: 785931AA4<br>LEI: 54930012UY5Z4Q8NL108 | Long             | DBT              | CORP              | US        |    417000 | PA      | $435794.89    | 0.09%             | 2034-04-01      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust          | Nelnet Student Loan Trust 2012-3                          | CUSIP: 64032XAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      5379 | PA      | $5344.80      | 0.00%             | 2040-03-26      | Floating      | 5.16%                 | No            |                  2 | On Loan: No      |
| BAE Systems PLC                    | BAE Systems PLC                                           | CUSIP: 05523R107<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | EC               | CORP              | GB        |     20600 | NS      | $1969669.00   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| HEICO Corp                         | HEICO Corp                                                | CUSIP: 422806208<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | EC               | CORP              | US        |     20905 | NS      | $5395371.45   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific Inc       | Thermo Fisher Scientific Inc                              | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |     16013 | NS      | $7488959.84   | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| ServiceNow Inc                     | ServiceNow Inc                                            | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |     11261 | NS      | $10620474.32  | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Persimmon PLC                      | Persimmon PLC                                             | CUSIP: 715318101<br>LEI: 213800XI72Y57UWN6F31 | Long             | EC               | CORP              | GB        |    145268 | NS      | $4420505.24   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Design Systems Inc         | Cadence Design Systems Inc                                | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |     34715 | NS      | $12656047.55  | 2.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Nasdaq Inc                         | Nasdaq Inc                                                | CUSIP: 631103108<br>LEI: 549300L8X1Q78ERXFD06 | Long             | EC               | CORP              | US        |     44051 | NS      | $4238587.22   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORP               | Bank of America Corp                                      | CUSIP: 06051GJT7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    660000 | PA      | $591819.57    | 0.13%             | 2032-04-22      | Fixed         | 2.69%                 | No            |                  2 | On Loan: No      |
| Canadian Pacific Kansas City L     | Canadian Pacific Kansas City Ltd                          | CUSIP: 13646K108<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     42233 | NS      | $3106237.15   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| PMT Loan Trust                     | PMT Loan Trust 2013-J1                                    | CUSIP: 693456AW5<br>LEI: 549300QFMQR379ND0354 | Long             | ABS-MBS          | CORP              | US        |      2785 | PA      | $2558.34      | 0.00%             | 2043-09-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Air Liquide SA                     | Air Liquide SA                                            | CUSIP: 009126202<br>LEI: 969500MMPQVHK671GT54 | Long             | EC               | CORP              | FR        |    222153 | NS      | $8752828.20   | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| HUNTINGTON BANCSHARES              | Huntington Bancshares Inc/OH                              | CUSIP: 446150AS3<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |    440000 | PA      | $402542.90    | 0.09%             | 2030-02-04      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| Taylor Wimpey PLC                  | Taylor Wimpey PLC                                         | CUSIP: 877409102<br>LEI: 21380089BTRXTD8S3R66 | Long             | EC               | CORP              | GB        |    325629 | NS      | $4395991.50   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| JP Morgan Mortgage Trust           | JP Morgan Mortgage Trust 2017-2                           | CUSIP: 46648HAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4514 | PA      | $3971.37      | 0.00%             | 2047-05-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| KEY BANK NA                        | KeyBank NA/Cleveland OH                                   | CUSIP: 49327M3F9<br>LEI: HUX2X73FUCYHUVH1BK78 | Long             | DBT              | CORP              | US        |    480000 | PA      | $493439.62    | 0.11%             | 2027-11-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| BNSF FUNDING TRUST I               | BNSF Funding Trust I                                      | CUSIP: 05567SAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    140000 | PA      | $140461.00    | 0.03%             | 2055-12-15      | Fixed         | 6.61%                 | No            |                  2 | On Loan: No      |
| ACG HOLDCO 1 LTD                   | ACG Holdco 1 Ltd                                          | CUSIP: 000000000<br>LEI: 9845008FS09985054W54 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $214752.88    | 0.05%             | 2029-01-13      | Fixed         | 14.75%                | No            |                  2 | On Loan: No      |
| Canadian National Railway Co       | Canadian National Railway Co                              | CUSIP: 136375102<br>LEI: 3SU7BEP7TH9YEQOZCS77 | Long             | EC               | CORP              | CA        |     51458 | NS      | $4808750.10   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| New Residential Mortgage Loan      | New Residential Mortgage Loan Trust 2015-2                | CUSIP: 64829EAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2159 | PA      | $2084.33      | 0.00%             | 2055-08-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| Halma PLC                          | Halma PLC                                                 | CUSIP: 40637C308<br>LEI: 2138007FRGLUR9KGBT40 | Long             | EC               | CORP              | GB        |     39519 | NS      | $3445661.61   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| SIMON PROPERTY GROUP LP            | Simon Property Group LP                                   | CUSIP: 828807DT1<br>LEI: MR92GTD0MJTTTTQDVG45 | Long             | DBT              | CORP              | US        |    406000 | PA      | $357994.34    | 0.08%             | 2032-02-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                           | CUSIP: 31417YJC2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      1844 | PA      | $1822.35      | 0.00%             | 2039-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HDFC Bank Ltd                      | HDFC Bank Ltd                                             | CUSIP: 40415F101<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |     67635 | NS      | $5192338.95   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| COMMONBOND STUDENT LOAN TRUST      | Commonbond Student Loan Trust 2019-A-GS                   | CUSIP: 20268CAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      3425 | PA      | $3128.18      | 0.00%             | 2047-01-25      | Fixed         | 2.54%                 | No            |                  2 | On Loan: No      |
| Vertex Pharmaceuticals Inc         | Vertex Pharmaceuticals Inc                                | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |      9730 | NS      | $4445345.10   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Government National Mortgage A     | Government National Mortgage Association                  | CUSIP: 38379RRX3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      2033 | PA      | $1864.25      | 0.00%             | 2056-12-16      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| D.R. HORTON INC                    | DR Horton Inc                                             | CUSIP: 23331ABT5<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | DBT              | CORP              | US        |    390000 | PA      | $392131.16    | 0.08%             | 2030-10-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Union Pacific Corp                 | Union Pacific Corp                                        | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |     11890 | NS      | $2639223.30   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Towd Point Mortgage Trust          | Towd Point Mortgage Trust 2019-HY1                        | CUSIP: 89177EAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1836 | PA      | $1837.73      | 0.00%             | 2048-10-25      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| Moody's Corp                       | Moody's Corp                                              | CUSIP: 615369105<br>LEI: 549300GCEDD8YCF5WU84 | Long             | EC               | CORP              | US        |     15096 | NS      | $7785460.08   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Sutherland Commercial Mortgage     | Sutherland Commercial Mortgage Trust 2019-SBC8            | CUSIP: 86935CAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5815 | PA      | $5522.47      | 0.00%             | 2041-04-25      | Variable      | 2.86%                 | No            |                  2 | On Loan: No      |
| NVIDIA Corp                        | NVIDIA Corp                                               | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     66508 | NS      | $11829777.96  | 2.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Sherwin-Williams Co/The            | Sherwin-Williams Co/The                                   | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |     11308 | NS      | $3741591.04   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| TRUIST FINANCIAL CORP              | Truist Financial Corp                                     | CUSIP: 89788MAE2<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    640000 | PA      | $595611.80    | 0.13%             | 2029-06-07      | Fixed         | 1.89%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust             | Sequoia Mortgage Trust 2013-2                             | CUSIP: 81745MAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       947 | PA      | $813.86       | 0.00%             | 2043-02-25      | Variable      | 1.87%                 | No            |                  2 | On Loan: No      |
| Meta Platforms Inc                 | Meta Platforms Inc                                        | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     14575 | NS      | $11272888.00  | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlassian Corp                     | Atlassian Corp                                            | CUSIP: 049468101<br>LEI: 549300V7ZY5P02D2MY38 | Long             | EC               | CORP              | AU        |     38039 | NS      | $7295119.42   | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Oxford Finance Credit Fund III     | Oxford Finance Credit Fund III 2024-A LP                  | CUSIP: 69145DAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     50000 | PA      | $50460.95     | 0.01%             | 2032-01-14      | Fixed         | 6.67%                 | No            |                  2 | On Loan: No      |
| Amazon.com Inc                     | Amazon.com Inc                                            | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     70353 | NS      | $16470340.83  | 3.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Gold Pool                                     | CUSIP: 3128P76R9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      1846 | PA      | $1839.80      | 0.00%             | 2034-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BORR IHC LTD / BORR FIN            | Borr IHC Ltd / Borr Finance LLC                           | CUSIP: 100018AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |    186951 | PA      | $179144.30    | 0.04%             | 2028-11-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO           | Capital One Financial Corp                                | CUSIP: 14040HDA0<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    830000 | PA      | $884850.04    | 0.19%             | 2034-06-08      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Albemarle Corp                     | Albemarle Corp                                            | CUSIP: 012653101<br>LEI: HDBLS2Q6GV1LSKQPBS54 | Long             | EC               | CORP              | US        |     44336 | NS      | $3008197.60   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| PELORUS FUND REIT LLC              | Pelorus Fund REIT LLC                                     | CUSIP: 70615PAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    245000 | PA      | $244427.76    | 0.05%             | 2026-09-30      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| EAGLE FUNDING LUXCO SARL           | Eagle Funding Luxco Sarl                                  | CUSIP: 26951TAA8<br>LEI: 894500VDP08MVIZ6OA60 | Long             | DBT              | NUSS              | LU        |    510000 | PA      | $513414.63    | 0.11%             | 2030-08-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Starwood Retail Property Trust     | Starwood Retail Property Trust 2014-STAR                  | CUSIP: 85571XAA5<br>LEI: 5493007115G809OI4R97 | Long             | ABS-MBS          | CORP              | US        |     13770 | PA      | $7362.33      | 0.00%             | 2027-11-15      | Floating      | 7.50%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                    | United States Treasury Note/Bond                          | CUSIP: 912810RX8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6891000 | PA      | $5100416.72   | 1.10%             | 2047-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| WALT DISNEY COMPANY/THE            | Walt Disney Co/The                                        | CUSIP: 254687EH5<br>LEI: 549300GZKULIZ0WOW665 | Long             | DBT              | CORP              | US        |    315000 | PA      | $357483.91    | 0.08%             | 2037-11-15      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| PALOMINO FUNDING TRUST I           | Palomino Funding Trust I                                  | CUSIP: 69754AAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    640000 | PA      | $676311.27    | 0.15%             | 2028-05-17      | Fixed         | 7.23%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANCORP                | Fifth Third Bancorp                                       | CUSIP: 316773DJ6<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |    150000 | PA      | $155918.03    | 0.03%             | 2028-10-27      | Fixed         | 6.36%                 | No            |                  2 | On Loan: No      |
| Zoetis Inc                         | Zoetis Inc                                                | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |     21504 | NS      | $3135068.16   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| DREYFUS GOVERNMENT CASH MANAGEMENT | DREYFUS GOVERN CASH MGMT-I                                | CUSIP: 262006208<br>LEI: 5493000Q69I5Q3QZIA91 | Long             | STIV             | RF                | US        |  11615479 | NS      | $11615478.78  | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| CDW Corp/DE                        | CDW Corp/DE                                               | CUSIP: 12514G108<br>LEI: 9845001B052ABF0B6755 | Long             | EC               | CORP              | US        |     17615 | NS      | $3071703.70   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| NEWCASTLE COAL INFRASTRU           | Newcastle Coal Infrastructure Group Pty Ltd               | CUSIP: 65106WAA3<br>LEI: 549300YAJ8XYYGW2TZ32 | Long             | DBT              | CORP              | AU        |    340132 | PA      | $335234.94    | 0.07%             | 2027-09-29      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| CITIZENS BANK NA/RI                | Citizens Bank NA/Providence RI                            | CUSIP: 75524KPG3<br>LEI: DRMSV1Q0EKMEXLAU1P80 | Long             | DBT              | CORP              | US        |    500000 | PA      | $499657.20    | 0.11%             | 2028-08-09      | Fixed         | 4.58%                 | No            |                  2 | On Loan: No      |
| Ferrari NV                         | Ferrari NV                                                | CUSIP: 000000000<br>LEI: 549300RIVY5EX8RCON76 | Long             | EC               | CORP              | IT        |     11255 | NS      | $4990354.45   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CSX Corp                           | CSX Corp                                                  | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |    112869 | NS      | $4011364.26   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| JEFFERIES FIN GROUP INC            | Jefferies Financial Group Inc                             | CUSIP: 47233WEJ4<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |    580000 | PA      | $605792.53    | 0.13%             | 2034-04-14      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Extra Space Storage Inc            | Extra Space Storage Inc                                   | CUSIP: 30225T102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20385 | NS      | $2738928.60   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| New Residential Mortgage Loan      | New Residential Mortgage Loan Trust 2016-4                | CUSIP: 64829LAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2343 | PA      | $2233.00      | 0.00%             | 2056-11-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Gold Pool                                     | CUSIP: 3128P75X7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      1597 | PA      | $1591.39      | 0.00%             | 2034-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| UNITED AIR 2019-2 B PTT            | United Airlines 2019-2 Class B Pass Through Trust         | CUSIP: 90932KAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    162775 | PA      | $157713.55    | 0.03%             | 2028-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Intuitive Surgical Inc             | Intuitive Surgical Inc                                    | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |     13920 | NS      | $6696772.80   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| CBRE Group Inc                     | CBRE Group Inc                                            | CUSIP: 12504L109<br>LEI: 52990016II9MJ2OSWA10 | Long             | EC               | CORP              | US        |     66955 | NS      | $10427571.70  | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Workday Inc                        | Workday Inc                                               | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Long             | EC               | CORP              | US        |     24719 | NS      | $5670044.22   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Credit Suisse Mortgage Trust       | CSMC Trust 2014-IVR3                                      | CUSIP: 12648TAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2097 | PA      | $1949.37      | 0.00%             | 2044-07-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| S&P Global Inc                     | S&P Global Inc                                            | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |     10627 | NS      | $5856539.70   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| L'Oreal SA                         | L'Oreal SA                                                | CUSIP: 502117203<br>LEI: 529900JI1GG6F7RKVI53 | Long             | EC               | CORP              | FR        |     36302 | NS      | $3213816.06   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| ALIBABA GROUP HOLDING              | Alibaba Group Holding Ltd                                 | CUSIP: 01609WAU6<br>LEI: 5493001NTNQJDH60PM02 | Long             | DBT              | CORP              | KY        |    900000 | PA      | $803306.98    | 0.17%             | 2037-12-06      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| L3Harris Technologies Inc          | L3Harris Technologies Inc                                 | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |     34633 | NS      | $9517841.06   | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                           | Visa Inc                                                  | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     28016 | NS      | $9678687.52   | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MercadoLibre Inc                   | MercadoLibre Inc                                          | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | UY        |      1199 | NS      | $2846294.11   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Experian PLC                       | Experian PLC                                              | CUSIP: 30215C101<br>LEI: 635400RXXHHYT1JTSZ26 | Long             | EC               | CORP              | IE        |     59951 | NS      | $3169009.86   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Lonza Group AG                     | Lonza Group AG                                            | CUSIP: 54338V101<br>LEI: 549300EFW4H2TCZ71055 | Long             | EC               | CORP              | CH        |     51405 | NS      | $3585498.75   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| West Fraser Timber Co Ltd          | West Fraser Timber Co Ltd                                 | CUSIP: 952845105<br>LEI: 5493005WD1ZK6WBVR988 | Long             | EC               | CORP              | CA        |     38676 | NS      | $2680633.56   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| OPEN INFRA US ASSETS AB            | Open Infra US Assets AB                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | SE        |    200000 | PA      | $193497.30    | 0.04%             | 2027-02-22      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| Mastercard Inc                     | Mastercard Inc                                            | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |     20021 | NS      | $11341295.87  | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearwater Analytics Holdings      | Clearwater Analytics Holdings Inc                         | CUSIP: 185123106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    155878 | NS      | $3158088.28   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| NU Holdings Ltd/Cayman Islands     | NU Holdings Ltd/Cayman Islands                            | CUSIP: 000000000<br>LEI: 5493002DG1RHWK9W2X27 | Long             | EC               | CORP              | BR        |    281632 | NS      | $3441543.04   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Sequoia Mortgage Trust             | Sequoia Mortgage Trust 2013-8                             | CUSIP: 81745EAA7<br>LEI: 549300EU86QZR1NB5U93 | Long             | ABS-MBS          | CORP              | US        |      1269 | PA      | $1139.92      | 0.00%             | 2043-06-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                    | United States Treasury Note/Bond                          | CUSIP: 91282CLW9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4658000 | PA      | $4628887.50   | 1.00%             | 2034-11-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CENOVUS ENERGY INC                 | Cenovus Energy Inc                                        | CUSIP: 15135UAF6<br>LEI: 549300F4XPHJ7NOSP309 | Long             | DBT              | CORP              | CA        |    560000 | PA      | $598539.52    | 0.13%             | 2039-11-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BROOGE PETROLEUM AND GAS           | Brooge Petroleum and Gas Investment Co FZE                | CUSIP: 000000000<br>LEI: 213800T6YBVV45KTOC07 | Long             | DBT              | CORP              | AE        |    203589 | PA      | $183234.27    | 0.04%             | 2025-09-24      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| IIP OPERATING PARTNER              | IIP Operating Partnership LP                              | CUSIP: 44988FAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    230000 | PA      | $224609.05    | 0.05%             | 2026-05-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Blackrock Inc                      | Blackrock Inc                                             | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Long             | EC               | CORP              | US        |      6513 | NS      | $7203443.13   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| KINDER MORGAN INC                  | Kinder Morgan Inc                                         | CUSIP: 49456BAV3<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |    315000 | PA      | $309777.94    | 0.07%             | 2033-02-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| ASHTEAD CAPITAL INC                | Ashtead Capital Inc                                       | CUSIP: 045054AJ2<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |    540000 | PA      | $529495.62    | 0.11%             | 2028-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GOLDEN PEAR FUND HOLDCO            | Golden Pear Funding HoldCo LLC                            | CUSIP: 38116FAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    135000 | PA      | $138972.15    | 0.03%             | 2028-03-02      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan      | New Residential Mortgage Loan Trust 2014-3                | CUSIP: 64829DAG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1619 | PA      | $1548.76      | 0.00%             | 2054-11-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| ROSS STORES INC                    | Ross Stores Inc                                           | CUSIP: 778296AG8<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | DBT              | CORP              | US        |    130000 | PA      | $111347.55    | 0.02%             | 2031-04-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| NEW YORK LIFE GLOBAL FDG           | New York Life Global Funding                              | CUSIP: 64952WFF5<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |    190000 | PA      | $192080.18    | 0.04%             | 2029-01-29      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| SIMON PROPERTY GROUP LP            | Simon Property Group LP                                   | CUSIP: 828807DQ7<br>LEI: MR92GTD0MJTTTTQDVG45 | Long             | DBT              | CORP              | US        |    180000 | PA      | $155117.47    | 0.03%             | 2032-01-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust             | Sequoia Mortgage Trust 2013-6                             | CUSIP: 81745BAB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2842 | PA      | $2544.93      | 0.00%             | 2043-05-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                 | Energy Transfer LP                                        | CUSIP: 226373AT5<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    370000 | PA      | $387014.26    | 0.08%             | 2031-02-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Coca-Cola Co/The                   | Coca-Cola Co/The                                          | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |    128794 | NS      | $8743824.66   | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| US BANCORP                         | US Bancorp                                                | CUSIP: 91159HJK7<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    580000 | PA      | $582838.23    | 0.13%             | 2029-02-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                      | Citigroup Inc                                             | CUSIP: 172967NA5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    600000 | PA      | $583667.52    | 0.13%             | 2027-06-09      | Fixed         | 1.46%                 | No            |                  2 | On Loan: No      |
| TransUnion                         | TransUnion                                                | CUSIP: 89400J107<br>LEI: 549300ZS772LUNUMRB03 | Long             | EC               | CORP              | US        |     81841 | NS      | $7790444.79   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Synopsys Inc                       | Synopsys Inc                                              | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |     12324 | NS      | $7806884.28   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| ALASKA AIR 2020-1 CL B             | Alaska Airlines 2020-1 Class B Pass Through Trust         | CUSIP: 01166WAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     22436 | PA      | $22461.10     | 0.00%             | 2025-08-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Hermes International SCA           | Hermes International SCA                                  | CUSIP: 42751Q105<br>LEI: 969500Y4IJGHJE2MTJ13 | Long             | EC               | CORP              | FR        |     34738 | NS      | $8521926.16   | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Gold Pool                                     | CUSIP: 3128P76G3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      1595 | PA      | $1589.29      | 0.00%             | 2034-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange Inc      | Intercontinental Exchange Inc                             | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |     17897 | NS      | $3307902.51   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| DEPOSITORY TRUST & CLEAR           | Depository Trust & Clearing Corp/The                      | CUSIP: 249670AB6<br>LEI: MLDY5N6PZ58ZE60QU102 | Long             | DBT              | CORP              | US        |    250000 | PA      | $242139.75    | 0.05%             | N/A             | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                           | CUSIP: 3138ETT89<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      6366 | PA      | $6567.09      | 0.00%             | 2049-01-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| SBA TOWER TRUST                    | SBA Tower Trust                                           | CUSIP: 78403DAZ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    405000 | PA      | $415246.78    | 0.09%             | 2028-01-15      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY              | Wells Fargo & Co                                          | CUSIP: 95000U3L5<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    570000 | PA      | $581074.96    | 0.13%             | 2028-04-22      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| ALEXANDER FUND TRUST II            | Alexander Funding Trust II                                | CUSIP: 014916AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    370000 | PA      | $393892.86    | 0.09%             | 2028-07-31      | Fixed         | 7.47%                 | No            |                  2 | On Loan: No      |
| Infineon Technologies AG           | Infineon Technologies AG                                  | CUSIP: 45662N103<br>LEI: TSI2PJM6EPETEQ4X1U25 | Long             | EC               | CORP              | DE        |    184594 | NS      | $7258236.08   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                       | Alphabet Inc                                              | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     59504 | NS      | $11418817.60  | 2.47%             |  |  |  | No            |                  1 | On Loan: No      |
| NORTHWEST ACQ/DOMINION             | Northwest Acquisitions ULC / Dominion Finco Inc           | CUSIP: 66727WAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    220000 | PA      | $2.20         | 0.00%             | 2022-11-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                 | Energy Transfer LP                                        | CUSIP: 29273RAR0<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    580000 | PA      | $604571.96    | 0.13%             | 2042-02-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust           | JP Morgan Mortgage Trust 2014-2                           | CUSIP: 46641YAA1<br>LEI: 549300BV8AJIRLDGMR51 | Long             | ABS-MBS          | CORP              | US        |       764 | PA      | $748.45       | 0.00%             | 2029-06-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                    | United States Treasury Note/Bond                          | CUSIP: 912810TF5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6496000 | PA      | $4677120.00   | 1.01%             | 2042-02-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                           | CUSIP: 31418BBC9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      2497 | PA      | $2485.27      | 0.00%             | 2034-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                           | CUSIP: 31418MGR7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      2676 | PA      | $2799.80      | 0.00%             | 2038-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES             | PNC Financial Services Group Inc/The                      | CUSIP: 693475CD5<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    600000 | PA      | $606540.66    | 0.13%             | 2031-05-13      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Roche Holding AG                   | Roche Holding AG                                          | CUSIP: 771195104<br>LEI: 549300U41AUUVOAAOB37 | Long             | EC               | CORP              | CH        |    126048 | NS      | $4904527.68   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| AstraZeneca PLC                    | AstraZeneca PLC                                           | CUSIP: 046353108<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |    168282 | NS      | $12299731.38  | 2.66%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc             | UnitedHealth Group Inc                                    | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |     34173 | NS      | $8528213.88   | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| MASSMUTUAL GLOBAL FUNDIN           | MassMutual Global Funding II                              | CUSIP: 57629W5B2<br>LEI: 549300K1IE3K7YU6VG29 | Long             | DBT              | CORP              | US        |    250000 | PA      | $253384.40    | 0.05%             | 2029-01-17      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN              | Icahn Enterprises LP / Icahn Enterprises Finance Corp     | CUSIP: 451102CK1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    240000 | PA      | $243029.04    | 0.05%             | 2029-11-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| US TREASURY N/B                    | United States Treasury Note/Bond                          | CUSIP: 9128283F5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4867000 | PA      | $4690571.25   | 1.02%             | 2027-11-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Deutsche Post AG                   | Deutsche Post AG                                          | CUSIP: 25157Y202<br>LEI: 8ER8GIG7CSMVD8VUFE78 | Long             | EC               | CORP              | DE        |    221421 | NS      | $9966159.21   | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Rollins Inc                        | Rollins Inc                                               | CUSIP: 775711104<br>LEI: 549300F2A0BXT4SGWD84 | Long             | EC               | CORP              | US        |     69996 | NS      | $4008670.92   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| MET LIFE GLOB FUNDING I            | Metropolitan Life Global Funding I                        | CUSIP: 59217GFR5<br>LEI: 635400MMSOCXNNNZDZ82 | Long             | DBT              | CORP              | US        |    250000 | PA      | $254129.44    | 0.06%             | 2029-01-08      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                | JPMorgan Chase & Co                                       | CUSIP: 46647PBJ4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    990000 | PA      | $987063.23    | 0.21%             | 2031-03-24      | Fixed         | 4.49%                 | No            |                  2 | On Loan: No      |
| UNITED AIR 2018-1 B PTT            | United Airlines 2018-1 Class B Pass Through Trust         | CUSIP: 90932NAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     23662 | PA      | $23217.83     | 0.01%             | 2026-03-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Deutsche Boerse AG                 | Deutsche Boerse AG                                        | CUSIP: 251542106<br>LEI: 529900G3SW56SHYNPR95 | Long             | EC               | CORP              | DE        |    101264 | NS      | $2924504.32   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| SIRIUSPOINT LTD                    | SiriusPoint Ltd                                           | CUSIP: 82969BAA0<br>LEI: 549300OGXFI85N3YZZ51 | Long             | DBT              | CORP              | BM        |    380000 | PA      | $398425.32    | 0.09%             | 2029-04-05      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-23

**Name of Applicant:** Manning & Napier Fund, Inc.

**Signature:** Jill Peeper

**Name of Signer:** Jill Peeper

**Title:** Principal Financial Officer and Treasurer