Manning & Napier Pro-Blend Conservative Term Series
Name
Price
Aum/Mkt Cap
YIELD & DIV
Exp Ratio
Watchlist
Vitals
YTD Return
-6.6%
1 yr return
-5.0%
3 Yr Avg Return
5.5%
5 Yr Avg Return
4.8%
Net Assets
$453 M
Holdings in Top 10
41.0%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.10%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 73.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Investment Style
Allocation--30% to 50% Equity
Name
Price
Aum/Mkt Cap
YIELD & DIV
Exp Ratio
Watchlist
MNCWX - Profile
Distributions
- YTD Total Return -6.6%
- 3 Yr Annualized Total Return 5.5%
- 5 Yr Annualized Total Return 4.8%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.92%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Semi-Annually
Fund Details
-
Legal NameManning & Napier Pro-Blend Conservative Term Series
-
Fund Family NameManning & Napier
-
Inception DateApr 01, 2019
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerMarc 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.
MNCWX - Performance
Return Ranking - Trailing
Period | MNCWX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -6.6% | -23.1% | 12.2% | 12.64% |
1 Yr | -5.0% | -15.9% | 9.8% | 30.26% |
3 Yr | 5.5%* | -1.9% | 16.2% | 37.82% |
5 Yr | 4.8%* | -0.1% | 13.4% | 39.57% |
10 Yr | 4.8%* | 2.3% | 8.1% | 74.65% |
* Annualized
Return Ranking - Calendar
Period | MNCWX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2021 | -0.2% | -11.5% | 14.6% | 75.06% |
2020 | 0.3% | -10.3% | 40.7% | 85.47% |
2019 | N/A | -9.5% | 22.1% | N/A |
2018 | N/A | -21.7% | -3.5% | N/A |
2017 | N/A | -4.7% | 13.7% | N/A |
Total Return Ranking - Trailing
Period | MNCWX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -6.6% | -23.1% | 12.2% | 10.46% |
1 Yr | -5.0% | -15.9% | 51.9% | 32.14% |
3 Yr | 5.5%* | -3.1% | 16.2% | 36.38% |
5 Yr | 4.8%* | -0.5% | 13.4% | 37.87% |
10 Yr | 4.8%* | 2.3% | 8.1% | 71.27% |
* Annualized
Total Return Ranking - Calendar
Period | MNCWX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2021 | -0.2% | -11.5% | 31.5% | 75.06% |
2020 | 0.3% | -10.3% | 40.7% | 85.47% |
2019 | N/A | -9.5% | 22.1% | N/A |
2018 | N/A | -21.7% | -2.0% | N/A |
2017 | N/A | -4.7% | 16.6% | N/A |
NAV & Total Return History
MNCWX - Holdings
Concentration Analysis
MNCWX | Category Low | Category High | MNCWX % Rank | |
---|---|---|---|---|
Net Assets | 453 M | 130 K | 62.8 B | 55.56% |
Number of Holdings | 420 | 3 | 25236 | 24.31% |
Net Assets in Top 10 | 186 M | 3.05 K | 11 B | 55.14% |
Weighting of Top 10 | 41.01% | 6.3% | 100.0% | 63.80% |
Top 10 Holdings
- United States Treasury Notes 2.5% 8.97%
- United States Treasury Notes 2.125% 8.97%
- United States Treasury Notes 1.625% 8.06%
- United States Treasury Notes 2.62% 4.91%
- United States Treasury Notes 1.75% 4.61%
- Dreyfus Government Cash Mgmt Instl 4.54%
- United States Treasury Notes 2.38% 4.00%
- United States Treasury Notes 0.4% 3.57%
- Federal National Mortgage Association 0.75% 2.94%
- United States Treasury Bonds 2% 2.93%
Asset Allocation
Weighting | Return Low | Return High | MNCWX % Rank | |
---|---|---|---|---|
Bonds | 75.83% | 11.31% | 94.75% | 3.94% |
Stocks | 18.42% | 0.00% | 62.91% | 94.67% |
Cash | 4.82% | -35.68% | 69.40% | 52.77% |
Convertible Bonds | 0.71% | 0.00% | 71.77% | 62.85% |
Preferred Stocks | 0.20% | -0.03% | 39.31% | 51.38% |
Other | 0.03% | -9.78% | 21.77% | 52.57% |
Stock Sector Breakdown
Weighting | Return Low | Return High | MNCWX % Rank | |
---|---|---|---|---|
Healthcare | 17.10% | 0.00% | 32.16% | 7.39% |
Financial Services | 14.15% | 0.00% | 83.50% | 58.08% |
Consumer Defense | 13.27% | 0.00% | 51.19% | 4.99% |
Consumer Cyclical | 11.79% | 0.00% | 15.36% | 12.38% |
Technology | 10.81% | 0.00% | 30.37% | 83.03% |
Communication Services | 9.42% | 0.00% | 22.07% | 5.79% |
Real Estate | 8.80% | 0.00% | 99.41% | 18.96% |
Industrials | 8.60% | 0.00% | 26.64% | 82.44% |
Basic Materials | 5.75% | 0.00% | 32.82% | 15.77% |
Energy | 0.31% | 0.00% | 62.93% | 96.21% |
Utilities | 0.00% | 0.00% | 48.33% | 96.61% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | MNCWX % Rank | |
---|---|---|---|---|
US | 14.04% | 0.00% | 54.45% | 92.89% |
Non US | 4.38% | -0.01% | 25.18% | 79.84% |
Bond Sector Breakdown
Weighting | Return Low | Return High | MNCWX % Rank | |
---|---|---|---|---|
Government | 40.09% | 0.00% | 94.29% | 21.15% |
Securitized | 28.08% | 0.00% | 52.08% | 10.87% |
Corporate | 23.97% | 0.00% | 96.66% | 70.95% |
Cash & Equivalents | 6.19% | 0.15% | 71.66% | 74.90% |
Municipal | 1.67% | 0.00% | 99.85% | 17.19% |
Derivative | 0.00% | 0.00% | 27.44% | 63.44% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | MNCWX % Rank | |
---|---|---|---|---|
US | 68.88% | 9.98% | 83.14% | 2.77% |
Non US | 6.95% | 0.00% | 30.21% | 56.32% |
MNCWX - Expenses
Operational Fees
MNCWX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.10% | 0.03% | 3.70% | 99.22% |
Management Fee | 0.40% | 0.00% | 1.25% | 60.70% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.70% | N/A |
Sales Fees
MNCWX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.00% | 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 | 0.00% | 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 | 73.00% | 2.00% | 380.00% | 85.89% |
MNCWX - Distributions
Dividend Yield Analysis
MNCWX | Category Low | Category High | MNCWX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 6.38% | 84.77% |
Dividend Distribution Analysis
MNCWX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Semi-Annually | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
MNCWX | Category Low | Category High | MNCWX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.92% | -1.22% | 6.83% | 41.69% |
Capital Gain Distribution Analysis
MNCWX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually |
Dividend Payout History
Date | Amount | Type |
---|---|---|
Jun 15, 2021 | $0.088 | OrdinaryDividend |
Jun 16, 2020 | $0.113 | OrdinaryDividend |
MNCWX - Fund Manager Analysis
Managers
Marc Tommasi
Start Date
Tenure
Tenure Rank
Nov 01, 1995
26.6
26.6%
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
19.63
19.6%
Christian Andreach is Co-Head of Equities; Managing Director, Consumer Group; Head of U.S. Equity Core Team; member of the firm's Investment Policy Group; and a member of the Global and Non-U.S. Equity Core Teams. As Managing Director, Christian is responsible for analytical coverage of stocks within the Consumer sector and oversight of analysts in that group. As Head of the U.S. Equity Core Team and member of the Global and Non-U.S. Equity Core Teams, Christian votes on stock recommendations made for our bottom-up, U.S. equity, global equity, non-U.S. equity, and multi-asset class portfolios.
Ebrahim Busheri
Start Date
Tenure
Tenure Rank
Jan 01, 2012
10.42
10.4%
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
7.15
7.2%
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, and is also a member of the firm's Investment Policy Group. 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 runners-up 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 |
---|---|---|---|
0.09 | 28.73 | 6.44 | 2.41 |