MTZRX: Manning & Napier Target 2055 R

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MTZRX Manning & Napier Target 2055 R


Profile

MTZRX - Profile

Vitals

  • YTD Return 4.2%
  • 3 Yr Annualized Return 4.2%
  • 5 Yr Annualized Return 2.1%
  • Net Assets $15.5 M
  • Holdings in Top 10 N/A

52 WEEK LOW AND HIGH

$14.46
$10.30
$14.54

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.35%

SALES FEES

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

BROKERAGE FEES

  • Turnover 20.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification


Distributions

  • YTD Total Return 4.2%
  • 3 Yr Annualized Total Return 7.2%
  • 5 Yr Annualized Total Return 6.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.38%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name
    Manning & Napier Target 2055 Series
  • Fund Family Name
    Manning & Napier
  • Inception Date
    Jun 25, 2012
  • Shares Outstanding
    N/A
  • Share Class
    Retirement
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Ebrahim Busheri

Fund Description

The fund seeks to achieve its investment objective by investing in a combination of underlying funds according to a target asset allocation strategy. These underlying funds will pursue asset allocation strategies, and will invest in a combination of equity, fixed income and cash investments. It may also invest directly in equity and fixed income securities and cash equivalents, including money market securities.


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Categories

Performance

MTZRX - Performance

Return Ranking - Trailing

Period MTZRX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.2% -59.8% 72.2% 12.41%
1 Yr 9.6% -74.1% 74.5% 7.15%
3 Yr 4.2%* -44.7% 43.6% 13.26%
5 Yr 2.1%* -39.4% 37.3% 19.97%
10 Yr N/A* -38.9% 34.7% N/A

* Annualized

Return Ranking - Calendar

Period MTZRX Return Category Return Low Category Return High Rank in Category (%)
2019 26.4% -58.1% 80.6% 13.97%
2018 -13.4% -64.5% 23.6% 56.81%
2017 13.1% -55.3% 69.8% 32.86%
2016 2.4% -34.8% 68.2% 66.92%
2015 -14.7% -50.8% 22.5% 86.20%

Total Return Ranking - Trailing

Period MTZRX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.2% -59.8% 72.2% 12.41%
1 Yr 9.6% -74.1% 74.5% 7.15%
3 Yr 7.2%* -44.7% 43.6% 10.01%
5 Yr 6.4%* -39.4% 37.3% 10.89%
10 Yr N/A* -38.9% 34.7% N/A

* Annualized

Total Return Ranking - Calendar

Period MTZRX Return Category Return Low Category Return High Rank in Category (%)
2019 26.4% -58.1% 80.6% 14.09%
2018 -13.4% -64.5% 23.6% 69.52%
2017 23.6% -55.3% 69.8% 15.16%
2016 4.3% -34.8% 70.7% 66.15%
2015 -5.5% -50.8% 30.8% 65.93%

NAV & Total Return History


Holdings

MTZRX - Holdings

Concentration Analysis

MTZRX Category Low Category High MTZRX % Rank
Net Assets 15.5 M 92.3 K 98.5 B 86.14%
Number of Holdings 2 1 2004 97.63%
Net Assets in Top 10 15.5 M -2.14 B 26.6 B 52.43%
Weighting of Top 10 N/A 0.0% 100.0% 7.04%

Top 10 Holdings

  1. Manning & Napier Blended Asset Max R6 100.06%

Asset Allocation

Weighting Return Low Return High MTZRX % Rank
Stocks
86.24% -46.11% 100.41% 24.38%
Bonds
12.42% -696.69% 45.33% 8.99%
Cash
1.34% -0.92% 1041.68% 93.25%
Preferred Stocks
0.00% -0.02% 19.36% 24.73%
Other
0.00% -895.56% 38.46% 34.67%
Convertible Bonds
0.00% 0.00% 33.69% 20.59%

Stock Sector Breakdown

Weighting Return Low Return High MTZRX % Rank
Financial Services
16.17% 0.00% 100.00% 29.51%
Consumer Defense
15.64% 0.00% 69.13% 7.10%
Consumer Cyclical
13.87% 0.00% 59.77% 22.29%
Communication Services
13.85% 0.00% 100.00% 14.82%
Healthcare
11.40% 0.00% 100.00% 66.25%
Technology
10.41% 0.00% 99.85% 73.97%
Energy
6.70% 0.00% 100.00% 18.56%
Real Estate
5.03% 0.00% 100.00% 21.79%
Industrials
4.31% 0.00% 70.69% 79.58%
Basic Materials
2.63% 0.00% 63.34% 44.96%
Utilities
0.00% 0.00% 99.08% 70.86%

Stock Geographic Breakdown

Weighting Return Low Return High MTZRX % Rank
US
65.98% -29.34% 83.25% 51.12%
Non US
20.26% -48.75% 62.54% 4.85%

Bond Sector Breakdown

Weighting Return Low Return High MTZRX % Rank
Government
56.70% 0.00% 56.70% 0.12%
Corporate
30.87% 0.00% 100.00% 12.19%
Cash & Equivalents
12.35% -0.92% 100.00% 95.86%
Derivative
0.07% -0.02% 86.99% 10.77%
Securitized
0.00% 0.00% 43.57% 13.14%
Municipal
0.00% 0.00% 11.01% 6.04%

Bond Geographic Breakdown

Weighting Return Low Return High MTZRX % Rank
US
11.88% -696.69% 34.30% 8.76%
Non US
0.54% -252.88% 11.03% 12.07%

Expenses

MTZRX - Expenses

Operational Fees

MTZRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.35% 0.03% 12.16% 28.68%
Management Fee 0.00% 0.00% 2.94% 0.24%
12b-1 Fee 0.50% 0.00% 1.00% 62.08%
Administrative Fee N/A 0.01% 1.12% 1.66%

Sales Fees

MTZRX 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 1.00% 5.00% N/A

Trading Fees

MTZRX 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.

MTZRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 20.00% 0.00% 496.00% 19.63%

Distributions

MTZRX - Distributions

Dividend Yield Analysis

MTZRX Category Low Category High MTZRX % Rank
Dividend Yield 0.00% 0.00% 11.31% 4.61%

Dividend Distribution Analysis

MTZRX Category Low Category High Category Mod
Dividend Distribution Frequency Semi-Annually Annually Quarterly Annually

Net Income Ratio Analysis

MTZRX Category Low Category High MTZRX % Rank
Net Income Ratio 0.38% -4.31% 4.44% 51.90%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

MTZRX - Fund Manager Analysis

Managers

Ebrahim Busheri


Start Date

Tenure

Tenure Rank

Jun 25, 2012

8.02

8.0%

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.

Christian Andreach


Start Date

Tenure

Tenure Rank

Jun 25, 2012

8.02

8.0%

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.

Marc Tommasi


Start Date

Tenure

Tenure Rank

Jun 25, 2012

8.02

8.0%

"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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.03 41.52 8.33 6.75