EXCRX: Manning & Napier Core Bond S

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EXCRX Manning & Napier Core Bond S


Profile

EXCRX - Profile

Vitals

  • YTD Return 2.5%
  • 3 Yr Annualized Return 1.9%
  • 5 Yr Annualized Return 0.8%
  • Net Assets $220 M
  • Holdings in Top 10 34.8%

52 WEEK LOW AND HIGH

$11.19
$10.40
$11.19

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.78%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 78.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 2.5%
  • 3 Yr Annualized Total Return 3.3%
  • 5 Yr Annualized Total Return 2.6%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 2.35%
DIVIDENDS
  • Dividend Yield 0.2%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Manning & Napier Core Bond Series
  • Fund Family Name
    Manning & Napier
  • Inception Date
    Apr 21, 2005
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    R. Keith Harwood

Fund Description

The Series will invest, under normal circumstances, at least 80% of its net assets in investment grade bonds and other financial instruments, principally derivative instruments and exchange-traded funds (ETFs), with economic characteristics similar to bonds. It may buy and sell futures contracts based on investment grade credit securities primarily for cash management purposes.


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Categories

Performance

EXCRX - Performance

Return Ranking - Trailing

Period EXCRX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.5% -1.4% 8.9% 7.41%
1 Yr 7.3% -2.0% 23.6% 13.93%
3 Yr 1.9%* -2.7% 5.8% 22.94%
5 Yr 0.8%* -14.4% 12.4% 13.97%
10 Yr 0.7%* -5.1% 6.7% 37.92%

* Annualized

Return Ranking - Calendar

Period EXCRX Return Category Return Low Category Return High Rank in Category (%)
2019 6.0% -1.7% 18.3% 18.18%
2018 -3.0% -11.7% 4.6% 65.11%
2017 1.0% -4.4% 8.3% 54.69%
2016 0.4% -58.1% 7.7% 32.57%
2015 -2.0% -18.3% 3.0% 68.04%

Total Return Ranking - Trailing

Period EXCRX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.5% -1.4% 8.9% 7.41%
1 Yr 7.3% -2.0% 23.6% 14.15%
3 Yr 3.3%* -2.7% 8.4% 6.31%
5 Yr 2.6%* -14.4% 12.4% 5.03%
10 Yr 3.9%* -1.3% 7.1% 3.51%

* Annualized

Total Return Ranking - Calendar

Period EXCRX Return Category Return Low Category Return High Rank in Category (%)
2019 6.0% -1.7% 18.3% 18.80%
2018 -0.7% -11.7% 6.5% 17.64%
2017 2.9% -4.4% 10.4% 17.45%
2016 2.5% -58.1% 10.7% 13.82%
2015 0.4% -12.6% 4.2% 8.94%

NAV & Total Return History


Holdings

EXCRX - Holdings

Concentration Analysis

EXCRX Category Low Category High EXCRX % Rank
Net Assets 220 M 690 K 259 B 72.53%
Number of Holdings 204 1 17668 62.09%
Net Assets in Top 10 76.6 M -216 M 21.4 B 60.69%
Weighting of Top 10 34.79% 2.5% 100.0% 20.86%

Top 10 Holdings

  1. United States Treasury Bonds 3% 5.03%
  2. United States Treasury Bonds 2.5% 4.07%
  3. United States Treasury Notes 1.62% 3.96%
  4. United States Treasury Notes 2.12% 3.94%
  5. United States Treasury Notes 2.5% 3.92%
  6. United States Treasury Notes 1.75% 3.91%
  7. United States Treasury Bonds 4.75% 3.00%
  8. United States Treasury Bonds 2% 2.91%
  9. United States Treasury Notes 0.5% 2.53%
  10. Verizon Communications Inc. 5.25% 1.53%

Asset Allocation

Weighting Return Low Return High EXCRX % Rank
Bonds
95.29% 80.02% 159.74% 66.27%
Cash
4.71% -59.74% 19.63% 23.50%
Stocks
0.00% -0.98% 25.43% 58.94%
Preferred Stocks
0.00% 0.00% 7.43% 63.13%
Other
0.00% -8.60% 31.85% 60.23%
Convertible Bonds
0.00% 0.00% 7.23% 75.25%

Bond Sector Breakdown

Weighting Return Low Return High EXCRX % Rank
Securitized
38.01% 0.00% 98.40% 20.21%
Government
36.02% -2.21% 122.41% 17.63%
Corporate
20.88% 0.00% 99.62% 41.77%
Cash & Equivalents
5.09% -29.57% 21.18% 23.71%
Derivative
0.00% -0.83% 22.35% 61.59%
Municipal
0.00% 0.00% 100.11% 90.16%

Bond Geographic Breakdown

Weighting Return Low Return High EXCRX % Rank
US
90.49% 58.28% 156.78% 58.80%
Non US
4.80% -12.34% 26.76% 45.06%

Expenses

EXCRX - Expenses

Operational Fees

EXCRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.78% 0.01% 38.00% 49.69%
Management Fee 0.25% 0.00% 1.10% 14.01%
12b-1 Fee 0.25% 0.00% 1.00% 46.24%
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

EXCRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

EXCRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

EXCRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 78.00% 0.00% 489.00% 69.99%

Distributions

EXCRX - Distributions

Dividend Yield Analysis

EXCRX Category Low Category High EXCRX % Rank
Dividend Yield 0.20% 0.00% 3.19% 79.51%

Dividend Distribution Analysis

EXCRX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Monthly Monthly Monthly

Net Income Ratio Analysis

EXCRX Category Low Category High EXCRX % Rank
Net Income Ratio 2.35% 0.00% 6.30% 63.45%

Capital Gain Distribution Analysis

EXCRX Category Low Category High Capital Mode
Capital Gain Distribution Frequency None Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

EXCRX - Fund Manager Analysis

Managers

R. Keith Harwood


Start Date

Tenure

Tenure Rank

Apr 21, 2005

14.79

14.8%

Keith Harwood is Director of Credit Research for the Fixed Income Group at Manning & Napier and is focused on corporate and structured credit research. Keith has nearly two decades of experience as a credit analyst applying the Firm’s strategies. He oversees the Firm’s corporate fixed income separate accounts as well as the Firm’s high-yield, global, nontraditional, and core fixed income strategies. He has been with Manning & Napier since 1997 and spent a year in our Operations Group before joining the Fixed Income Group. Keith earned his BA in Economics with a minor in Finance from St. John Fisher College.

Marc Bushallow


Start Date

Tenure

Tenure Rank

Dec 31, 2008

11.09

11.1%

Marc Bushallow is Managing Director of Fixed Income at Manning & Napier. Prior to becoming Managing Director, Marc was a Senior Analyst in the Fixed Income Group, concentrating on analysis of below investment-grade corporate bonds. He also spent some time at the Firm as an Assistant performing quantitative and macroeconomic research. Today, Marc works on economic overviews and the top-down positioning of the Firm’s fixed income portfolios. He oversees the Firm’s high-yield, global, nontraditional, and core fixed income strategies. Marc joined Manning & Napier in 1999 and left to pursue a master’s degree in 2002, returning to the Firm in 2008. Before returning to Manning & Napier, Marc spent four years at Barclays Capital, gaining sell-side experience requiring the evaluation and recommendation of high-yield credit, including both cash and derivative products. He acquired and applied detailed understanding of new issue syndication, trading, bond structure and covenants, etc. During that time, Marc and his team were two-time runnerups in the Institutional Investor All-Europe Fixed-Income Research Team poll for High-Yield Consumer Products. Marc holds his BA in Economics from the State University of New York at Geneseo and his MS in Economics from the London School of Economics & Political Science. He is also a CFA charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.02 33.19 7.42 0.08