MNRZX: Manning & Napier Real Estate Z

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MNRZX Manning & Napier Real Estate Z


Profile

MNRZX - Profile

Vitals

  • YTD Return -23.2%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $283 M
  • Holdings in Top 10 38.6%

52 WEEK LOW AND HIGH

$4.96
$4.03
$7.29

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.72%

SALES FEES

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

BROKERAGE FEES

  • Turnover 24.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000,000
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Real Estate

Distributions

  • YTD Total Return -23.2%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.42%
DIVIDENDS
  • Dividend Yield 8.4%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Manning & Napier Real Estate Series
  • Fund Family Name
    Manning & Napier
  • Inception Date
    Mar 01, 2019
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Elizabeth Mallette

Fund Description

The fund will invest, under normal circumstances, at least 80% of its assets in securities of companies that are principally engaged in the real estate industry. These companies include those directly engaged in the real estate industry as well as in industries serving and/or related to the real estate industry. The fund's investment in debt securities is subject to a limit of 20% of the series' assets (measured at the time of purchase).


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Categories

Performance

MNRZX - Performance

Return Ranking - Trailing

Period MNRZX Return Category Return Low Category Return High Rank in Category (%)
YTD -23.2% -46.5% 1.0% 47.60%
1 Yr -23.1% -51.4% 35.8% 59.62%
3 Yr N/A* -25.2% 7.8% 9.58%
5 Yr N/A* -22.0% 7.2% 6.67%
10 Yr N/A* -7.9% 13.6% 13.48%

* Annualized

Return Ranking - Calendar

Period MNRZX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -22.7% 43.1% N/A
2018 N/A -44.0% 2.2% N/A
2017 N/A -16.4% 25.4% N/A
2016 N/A -28.0% 12.5% N/A
2015 N/A -19.4% 2.4% N/A

Total Return Ranking - Trailing

Period MNRZX Return Category Return Low Category Return High Rank in Category (%)
YTD -23.2% -46.5% 1.0% 47.60%
1 Yr -23.1% -51.4% 35.8% 59.62%
3 Yr N/A* -24.3% 7.8% 9.17%
5 Yr N/A* -18.8% 7.2% 6.19%
10 Yr N/A* -4.7% 13.6% 13.48%

* Annualized

Total Return Ranking - Calendar

Period MNRZX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -22.7% 43.1% N/A
2018 N/A -43.3% 3.3% N/A
2017 N/A -13.6% 31.4% N/A
2016 N/A -12.3% 12.5% N/A
2015 N/A -15.2% 7.7% N/A

NAV & Total Return History


Holdings

MNRZX - Holdings

Concentration Analysis

MNRZX Category Low Category High MNRZX % Rank
Net Assets 283 M 2.01 M 66.6 B 57.71%
Number of Holdings 62 20 660 26.64%
Net Assets in Top 10 109 M 1.06 M 28.5 B 63.50%
Weighting of Top 10 38.56% 10.9% 78.9% 89.51%

Top 10 Holdings

  1. Equinix Inc 7.87%
  2. Prologis Inc 6.00%
  3. Invitation Homes Inc 3.77%
  4. AvalonBay Communities Inc 3.75%
  5. InterXion Holding NV 3.42%
  6. Camden Property Trust 2.97%
  7. Sun Communities Inc 2.80%
  8. Boston Properties Inc 2.69%
  9. Simon Property Group Inc 2.66%
  10. Public Storage 2.63%

Asset Allocation

Weighting Return Low Return High MNRZX % Rank
Stocks
99.67% 6.42% 124.18% 9.85%
Cash
0.32% -103.72% 19.82% 85.04%
Preferred Stocks
0.00% 0.00% 47.46% 17.88%
Other
0.00% -4.55% 88.65% 25.18%
Convertible Bonds
0.00% 0.00% 6.51% 10.22%
Bonds
0.00% -1.35% 93.37% 15.69%

Stock Sector Breakdown

Weighting Return Low Return High MNRZX % Rank
Real Estate
94.48% 38.43% 100.00% 85.34%
Technology
3.43% 0.00% 15.01% 6.02%
Consumer Cyclical
2.09% 0.00% 33.77% 13.16%
Utilities
0.00% 0.00% 6.44% 7.52%
Industrials
0.00% 0.00% 10.42% 15.04%
Healthcare
0.00% 0.00% 3.74% 5.64%
Financial Services
0.00% 0.00% 13.30% 17.67%
Energy
0.00% 0.00% 3.49% 4.51%
Communication Services
0.00% 0.00% 9.00% 8.65%
Consumer Defense
0.00% 0.00% 0.24% 4.14%
Basic Materials
0.00% 0.00% 5.83% 5.64%

Stock Geographic Breakdown

Weighting Return Low Return High MNRZX % Rank
US
98.34% 6.42% 124.18% 57.30%
Non US
1.33% 0.00% 26.60% 16.79%

Expenses

MNRZX - Expenses

Operational Fees

MNRZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.72% 0.07% 19.12% 92.55%
Management Fee 0.60% 0.00% 1.50% 24.09%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.47% N/A

Sales Fees

MNRZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.50% 6.50% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

MNRZX 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.

MNRZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 24.00% 3.00% 257.00% 32.95%

Distributions

MNRZX - Distributions

Dividend Yield Analysis

MNRZX Category Low Category High MNRZX % Rank
Dividend Yield 8.40% 0.00% 8.40% 0.36%

Dividend Distribution Analysis

MNRZX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Monthly Quarterly

Net Income Ratio Analysis

MNRZX Category Low Category High MNRZX % Rank
Net Income Ratio 1.42% -0.10% 5.67% 66.04%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

MNRZX - Fund Manager Analysis

Managers

Elizabeth Mallette


Start Date

Tenure

Tenure Rank

Jan 31, 2013

7.08

7.1%

Joined the MANNING & NAPIER FUND, INC. in 2006. Analyst since 2013. Member of the Real Estate Series Research Team since 2013. Previous positions held in last five years: Research Assistant, 2008, Research Associate, 2009, Senior Associate, 2010 – 2013.

Joseph Rydzynski


Start Date

Tenure

Tenure Rank

Dec 31, 2015

4.17

4.2%

Joseph R. Rydzynski, CFA®, Junior Analyst Joined the Manning & Napier Advisors, LLC in 2009. Junior Analyst since 2015. Member of the following Portfolio Management Teams: Real Estate Series (since 2015); and Equity Income Series (since 2015). Previous positions held in last five years: Senior Research Associate, 2013 – 2015; Research Associate, 2011 – 2012; Research Assistant, 2009 – 2010.

Corey Van Lare


Start Date

Tenure

Tenure Rank

May 01, 2018

1.83

1.8%

Corey A. Van Lare, CFA®, Junior Analyst, Equity Income Group Joined Manning & Napier Advisors, LLC in 2011. Junior Analyst since 2017. Previous positions held in the last five years: Senior Research Associate, Equity Income Group, 2015 – 2017; Research Associate, Equity Income Group, 2013 – 2015; Research Assistant, Equity Income Group, 2011 – 2013.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.16 26.17 7.92 0.28