MNCWX: Manning & Napier Pro-Blend Conservative Term Series

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MNCWX Manning & Napier Pro-Blend Conservative Term Series


Profile

MNCWX - Profile

Vitals

  • YTD Return 5.8%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $856 M
  • Holdings in Top 10 19.9%

52 WEEK LOW AND HIGH

$14.76
$12.44
$14.95

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.48%

SALES FEES

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

BROKERAGE FEES

  • Turnover 68.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--30% to 50% Equity

Distributions

  • YTD Total Return 5.8%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.81%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name
    Manning & Napier Pro-Blend Conservative Term Series
  • Fund Family Name
    Manning & Napier
  • Inception Date
    Apr 01, 2019
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Marc Tommasi

Fund Description

The fund invests primarily in fixed income securities, including U.S. Treasury securities and U.S. and foreign mortgage-backed and asset-backed securities and corporate bonds. It invests primarily in fixed income securities with short- to intermediate-term maturities of 3 to 5 years but may also invest in longer term securities. The fund may also invest in U.S. and foreign stocks, including those in emerging markets, American Depository Receipts, and derivative instruments.


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Categories

Performance

MNCWX - Performance

Return Ranking - Trailing

Period MNCWX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.8% -52.1% 952.8% 13.16%
1 Yr 4.1% -56.6% 828.0% 27.07%
3 Yr N/A* -24.1% 76.8% 20.00%
5 Yr N/A* -43.6% 24.0% 27.86%
10 Yr N/A* -38.8% 16.8% 41.80%

* Annualized

Return Ranking - Calendar

Period MNCWX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -50.4% 46.8% N/A
2018 N/A -31.8% 19.0% N/A
2017 N/A -44.7% 46.3% N/A
2016 N/A -84.5% 219.0% N/A
2015 N/A -45.5% 14.6% N/A

Total Return Ranking - Trailing

Period MNCWX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.8% -52.1% 952.8% 13.16%
1 Yr 4.1% -56.6% 828.0% 27.07%
3 Yr N/A* -24.1% 76.8% 28.95%
5 Yr N/A* -43.6% 29.5% 49.54%
10 Yr N/A* -38.8% 18.2% 71.11%

* Annualized

Total Return Ranking - Calendar

Period MNCWX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -50.4% 46.8% N/A
2018 N/A -31.5% 19.0% N/A
2017 N/A -44.7% 46.3% N/A
2016 N/A -84.5% 242.1% N/A
2015 N/A -45.5% 14.6% N/A

NAV & Total Return History


Holdings

MNCWX - Holdings

Concentration Analysis

MNCWX Category Low Category High MNCWX % Rank
Net Assets 856 M 100 K 110 B 31.36%
Number of Holdings 488 2 2284 25.97%
Net Assets in Top 10 171 M 146 K 25.2 B 39.33%
Weighting of Top 10 19.91% 11.4% 100.0% 82.39%

Top 10 Holdings

  1. United States Treasury Notes 0.4% 3.57%
  2. United States Treasury Bonds 2% 3.03%
  3. Dreyfus Government Cash Mgmt Instl 2.46%
  4. United States Treasury Notes 0.12% 2.01%
  5. Federal National Mortgage Association 1.88% 2.00%
  6. United States Treasury Notes 1.62% 1.90%
  7. Federal National Mortgage Association 3.5% 1.35%
  8. Federal National Mortgage Association 2.5% 1.30%
  9. Alibaba Group Holding Ltd 3.4% 1.17%
  10. Verizon Communications Inc. 5.25% 1.13%

Asset Allocation

Weighting Return Low Return High MNCWX % Rank
Bonds
65.43% -68.77% 78.22% 11.74%
Stocks
31.72% -7.43% 77.67% 68.79%
Cash
2.85% -95.11% 80.85% 62.05%
Preferred Stocks
0.00% 0.00% 45.01% 77.40%
Other
0.00% -12.66% 176.09% 74.41%
Convertible Bonds
0.00% 0.00% 50.76% 86.14%

Stock Sector Breakdown

Weighting Return Low Return High MNCWX % Rank
Financial Services
15.68% 0.00% 60.67% 27.42%
Healthcare
13.43% 0.00% 59.48% 63.44%
Consumer Defense
13.28% 0.00% 22.38% 6.09%
Consumer Cyclical
11.75% 0.00% 59.01% 19.34%
Technology
9.57% 0.00% 100.00% 84.11%
Real Estate
9.36% 0.00% 100.00% 14.97%
Communication Services
8.74% 0.00% 56.40% 51.52%
Industrials
8.45% 0.00% 36.77% 62.38%
Energy
7.69% 0.00% 100.00% 11.13%
Basic Materials
2.05% 0.00% 100.00% 71.26%
Utilities
0.00% 0.00% 99.54% 90.86%

Stock Geographic Breakdown

Weighting Return Low Return High MNCWX % Rank
US
25.88% -7.43% 77.52% 68.54%
Non US
5.84% -2.31% 17.89% 33.96%

Bond Sector Breakdown

Weighting Return Low Return High MNCWX % Rank
Securitized
38.48% 0.00% 87.39% 5.49%
Corporate
35.32% 0.00% 100.00% 51.56%
Government
21.95% 0.00% 95.54% 46.07%
Cash & Equivalents
4.21% -3.87% 100.00% 82.02%
Derivative
0.05% 0.00% 59.63% 34.96%
Municipal
0.00% 0.00% 100.00% 70.79%

Bond Geographic Breakdown

Weighting Return Low Return High MNCWX % Rank
US
60.01% -68.77% 85.79% 13.36%
Non US
5.42% -36.53% 25.83% 22.60%

Expenses

MNCWX - Expenses

Operational Fees

MNCWX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.48% 0.01% 7.27% 88.30%
Management Fee 0.40% 0.00% 2.00% 27.50%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.83% N/A

Sales Fees

MNCWX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

MNCWX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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.

MNCWX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 68.00% 0.00% 574.00% 64.52%

Distributions

MNCWX - Distributions

Dividend Yield Analysis

MNCWX Category Low Category High MNCWX % Rank
Dividend Yield 0.00% 0.00% 9.76% 50.06%

Dividend Distribution Analysis

MNCWX Category Low Category High Category Mod
Dividend Distribution Frequency Semi-Annually Annually Monthly Quarterly

Net Income Ratio Analysis

MNCWX Category Low Category High MNCWX % Rank
Net Income Ratio 2.81% -5.24% 6.60% 15.43%

Capital Gain Distribution Analysis

MNCWX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

MNCWX - Fund Manager Analysis

Managers

Marc Tommasi


Start Date

Tenure

Tenure Rank

Nov 01, 1995

24.85

24.9%

"Marc Tommasi is the Chief Investment Strategist, Head of the Non-U.S. Equity Core Team, and member of both the Global Core and the U.S. Equity Core Teams at Manning & Napier. As Chief Investment Strategist, Marc oversees the coordination of the firm's overview among the various groups involved in top-down research. Specifically, he is responsible for the macro overviews of all countries we may invest in.

Christian Andreach


Start Date

Tenure

Tenure Rank

Oct 18, 2002

17.88

17.9%

Christian Andreach, CFA, a Co-Head of Global Equities, Senior Analyst/Managing Director of Consumer Group, Head of U.S. Equity Core Team at Manning & Napier. He has been a senior Analyst since joined the firm in 1999. Managing Director since 2002. Co-Head of Global Equities since 2010. Head of U.S. Equity Core Team since 2015. Member of the Senior Research Group and Global Core Team since 2002. Member of the Series' Portfolio Management Team since 2008. In addition, Christian is a member of the Senior Research Group. Previously, he worked as a Financial Analyst for The Procter & Gamble.

Ebrahim Busheri


Start Date

Tenure

Tenure Rank

Jan 01, 2012

8.67

8.7%

Ebrahim Busheri is the Director of Investments at Manning & Napier. Over his firm tenure, spanning from 1988 to 2001 and again from 2011 through present day, Ebrahim has held positions as Head of Emerging Growth Group; Head of Technology Group; Head of Consumer Group; and Director of Research. During his hiatus from Manning & Napier he worked as the Director of Investments at W.P. Stewart and as a Consultant for Heritage Capital. Ebrahim earned his BA in Accounting and Economics from Muskingum College and his MBA in Finance from the University of Rochester. He is a CFA charterholder.

Marc Bushallow


Start Date

Tenure

Tenure Rank

Apr 07, 2015

5.41

5.4%

Marc Bushallow is the 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, 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 earned his BA in Economics from the State University of New York at Geneseo and his MSc 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
0.04 39.69 7.11 0.67